Full text of Commercial and Financial Chronicle : June 5, 1897, Vol. 64, No. 1667

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VOL. 64.

SATURDAY, JUNE 5, 1897.

cmitlz.

The week’s total for all cities shows a gain of 16'9 per cent
over 1896. The excess over 1895 is 2T per cent and the in­
crease over 1894 is 18-2 per cent. Outside of New York the
gain compared with 1896 is 13 4 per cent, the increase over
1895 is 2-6 per cent, and the excess over 1894 reaches 13-2 p. c,

3khe (Ptj

PINE STREET, N. W. CORNER OF PEARL STREET, N. Y.

CLEARING HOUSE RETURNS.
F or tha m onth o f M ay ana the five m onths the exhibit is as fo llo w s :
May.
1897.

1896.

F iv e

P.C t.

1897.

Months.
1896.

V eeh ending May 29.
Clearings at—

P .C t.
New Y ors...,........
P h iladelph ia.. . . . . .

1
*
f
1
%
H r * Y ork ....... 2.315,157.306 ?2,340,091.793 —IT 11,586,512,120 11,985,209,110 -3*8
Philadelphia.. 241,915.8*0 269,510,580 —10-2 1,241,978,123 1,361810,094 -8*8
P ittsburg.......
8S,8«,5SS
68,535,320 -8 -3
320,315,989 —3*7
313,990.100
60,835,529
B altim ore.....
57,980,412
299,386,514
300,519,454 -0*4
16,445.89
19,660,415 —16*4
90,027,512 —13*1
78,272.312
Buffalo............
8,655.456 - P 5
42,2*5,691 -8*0 S yracu se.. . . . . . . . . . .
8.524,977
88,849,732
W ashington..
6,519.611
6,339,433 +a-8
31,505,154
32,858.408 -4*1R o ch e s te r.. ..
4,380,898
4,262,046 —1*9
19,609.942
21.181,318 -6*5 W ilm ington............
Syracuse........
3,250,000
3.504,728 - 7 ‘ 3
16,954,569 -2*5 Bingham ton...........
16.533,834
S cra n to n .......
2.712.286
2+59,574 —5’1
13,691,740
15,244,719 —10*2
T otal M iddle......
L38SK700
1,297,800 +5*4
6.787,800
7,044,200 -3*6
Bingham ton..
Total Middle 2,720,896.371 2,785,552,709 —2*3 13,047.307+30 14,199,311,004 —3*9 B o s t o n .,............ .
P rovidence .................
B oston............ 407.958,492 380.521,991 +7*2 1,991,052 221 1,848,208,587 +7*8
P rovidence..,.
19,412.600
109,433,400
107.2S3.400 + 2 0
19,213,10U +1*0
9,103,660 s -8 '8
9,900,252
H a rtford........
52,346.238
52,483+91 -0*3 Springfield. . . . . . . .
32,330,717
31,810.401 +1*6
6.919,524
New H aven...
6,323,541 +9*4
o rcester...,,........
29 303,32i —6*8 W
5,251,533
5.867,844 —10*5
27,594,107
Springfield....
o r tla n d ...,.........
5,727,599
28,696,995
5, *54,401 —2*1
29,104,487 —1*4 P
W o rce ste r.....
R iver...... .
5.239,268
5,376,390 - 2 ’5
20,027.986
26,030,497 -0*01 Fall
3.150,337
3,785.204 -1 3 8 .
17,955 389 -4*0 L o w e ll........................
17,223,160
2.825,791 — 7*o
18,2»1,802
13,581,982 -2*2 New B edford.........
2,618,995
Total New B ng...
10,914,192
1.760,282
2,042,409 -1U 3
9,015.150 +11’2
New Bedford.
T otal N. Bng 167,928,882 440,911,2o3 +6*3 3,308+11,81.0 2,163,570, t ls +-67
Cincinnati...............
O h lo a g o ......... 366,181,090 408,836,879 —10*4 1.651.203,542 1,877,027,417 —120
Cincinnati......
52378,200
24V*.712,000
249,920,950 —0*1 C lev ela n d ... . . . . . . .
40.992,350
21,9^5,470 —7-2
23,17«,807
112.720.568
124 517 *288 -9*5 M ilwaukee........ .
24,014,700
24,082,945 —3*0
l!J8.38o,3a?
124,062.967 -0*6
C levelan d......
90,fUS,52* -3*5
93,534,743
20,162,105
18,051,982 +11‘7
24,233,800
75,127,250
75,761,800 -0*8 Indianapolis ..........
15,714,100 -9*3
41,860,277
*4,595,8% -fi*l P e o r ia ...... . . . . . . . .
8.925,14s 1-1*3
9,046.842
Indianapolis...
28*1
5.856.383
8.112,274
81,022,304
40,106,804 -20*7
0,708,725
32,003,220
31,392,502 +2*1 Grand R a p id s ..,..
ep g 4,963
3,147,804
15,5^0,231
17,100,222 -w*2 Dayton .*•••••••••.♦*
3,493,807 —9*9
2,50;-,464
2,688,255 —frb
12,515,804
18,298,410 -5*7 L exin gton.
0,493,463
2,183.408
1,191,103 —0*7
6,435,784 +0*8
9.18,7Id
1,443,908 —35 0
5,054,771
7,198,139 —29*8
1,159,372
1,153 785 -|-0*5
, 5,283,2*7
6.033,871 -12*4
2,0*3,200
977,800 +11*9
5, *63, id 3
5,4,05,478 + 1*1
*3.1*14,008
5.43+946 —27*0
779.181
1,152+85 -32**
Bay C ity ......
800.02'> -tlT
4,047,477
4,8i0 7u3 -16*4 Springfield, Ohio...
879.089
576,921
4,141,821 -18*7 C a n to n ........ . . . . .
78^,537 —26*3
8,367,1 tl
759,517
3.785.185 —9*7
795,067
3,416.701
T ot. Mid. WeBt’ r .
C a n to n ........
TotJkC.Weat. 534.856,545 580,626,158 —7*fc 2,470,570,BSi 2,788.004,285 —0*6 San F ra n cisco ......
277,797.605 —3*5 Salt Lake C ity ......
53+35,696
55,009.730 -S T
San Francisco.
208.003,098
5.702,032 -0 '0 3
6,'700,0 >0
2<J.275,5U3
27,882,16* -5*8
Salt Lake City
3,993,511
21 204,237
22,062.906
3.705.842 +5*2
5,220,89 i +7*8
6.650,8 U
23,103,510
26,980.697 - 8 2 T a co m a .... . . . . —
Los A ngeles..
2,038,91?
2.115,600 —3*6
8,625,019
10.870,730 —20*7
T a co m a . . . . . . .
+1
1
2,410,670
2.384.010
11,024,729 —9*6
0,0*9,720
2,527,112
1,9*8,534 +20*7
11,3V-7,980
9,164.054 +24*5 F a r g o ............. .
729.357 -17*7
600,000
2,040,318
3,309,859 - 2**3 Sioux Falls.............
830 955 —35*3
217.781
98+096
1,911.631 -48*3
Total P a cific.,.,,
S iou x Falla....
77,264,153 —0*4
76.974,998
373,030,397
390,096,481 —1*4
T otal Pacific
M
inneapolis.... ....
33.838.718 i-20*2
220,428,370
210,004.059
16,682,379
80-818,394
29,605.026 +4T
125,043,145
338.953,198 —10*0
19.041,300
18,403,113 ^3*5
01,731.53- —3*5
88,502,295
19.7 6.20O —8<80
33,691,231
0y.9SJ.2l 2 -30*8
02,285,585
St, Paul..........
10,076.914
10,089,665 -O T
56.8-9,741 —7*0 D a v e n p o r t ..........
52,911,821
3,059,690 -21>*»
11,410,733
26,384,709 —36*6
2,270 330
4,-879,743
—2*5
6,000,00V
25,687,352
27,530,720 —3*1 Des M o in e s .........
4,500,000
4.5’ 0,925 —0*1
2+3*2,472 —PI Sioux C it y ..........
21,423,807
2,769,222
2,260.7 *9 +-22*2
11.553,132 —2*2 L in c o ln .. . . . . . . . . . . .
11, ■‘00,358
6,378,472 —5*8 W i c h i t a .............
1,160.80" ,3^*6
0,00+2*5
1,422.403
1,9*4,771 -0*4
8,385,495
1,820.000
0,408,232 -11*4 T o p e k a ..............
1,3*3,143
8.503.117 -6*5 F r e m o n t ..............
1.388,644 -OT
7,95* *,984
270,542 +9*0
291,777
1,335,029 -2*5 H a s t in g s ............
1,302,' 55
315.000
1.370,302 +24*1
240,177 +3 ‘ *2
1,70o,3l3
T ot. other W est.
H astings........
644,397,018
703,0*8,594 —&*3
Tot. oth 'rW . 110,085,448 136,304,873 +«*!
St. L o u is ...............
93,472.053 +14*0
541,310,814
490.949,346 +10*3 New O rle a n s........
107,414.083
3 *,157,406 -21*1
1 r5.007,8*7
207,95-.104 —15*0
26,960,3 i 3
22,153,993 +20*1
26,598.791
129,047,584
124,873.190 +3*3 G-al veston ,.. . . . . . . . .
7,214,362 + I 6 ’u
8,517,650
47,605.32*5 +«*o
50.8-J7.750
0,112,015 +45 6
8,945,527
5 (.6*9,567
45,895,4*: 8 +i2'5
7.001.396 —1*5
7,63.5.268
40,013,206
47,691,88 1 -3*5
47.964,895 -4*1 M em phis........ .
8,399,7.46
9,510.949 —1L*7
40,006,48
8.155,103 -20*0
37,732.538
45,410.410 -16*9
0,523,286
29,133,585
5.375,896
4 671,382 +15*3
28,436,481 +2*6
4,857,044 -5*7
26,436,840 -1*8
s .m o o o
2+906,176
.3,782,199 +10-1
22.0315,184
21,439,494 +2*8 N orfolk............... .
4,176 \m
W aco................... .
3.817,243 —0*9
21,179,160 - i r o
18,846.450
3,551,281
Norfolk . . . . . . .
1,718,2 82 + r t
12,0«0,553
14,521,136 -12*0 F ort W orth ...........
1,846.142
2.329,635 +21*9
14,644,748 —3*7 A ugu sta..................
2.830,096
14,098,647
+12*1
-1-18*2
2,40-,'705
1,607.384
9,121.740 —l i ’5 K n o x v ille ...,..........
1,6 7,854 —4*8
M.O70.505
2,**35,732 —1*6
9.301,035 -f-Cri Little R o c k .........
2,503,459
9,513,616
0,730,404 -0*7 Jack son ville..,. ..
1,049.000
l,05o,' J3 -0*2
6.287,853
0-2,8 IS
0,085,300 —2 2'8 C hattanooga... .........
J,315,279 —25*3
5,159.506
1,060,000
1,003,601 1-5*6
5,597,008 -2 -8
Chattanooga..
T otal Southern..
T otal South. 232,505,-83 2 19.36/ . 804 +6*0 1,251,480431 1.230 015,143 +1-8
T otal a l l . . . . . . . . . .
‘ *4
Total a ll.,... t,l?'<S,3 .3.117 i . U O . l l i . a W —1*« 20,701,601 + M 21,430,083,684 — ■
Outside N. York.
Outside N. Y. 1,858.145,811 j 1,900,022,747 - 2 2 9,115,162, ly* 9,444,3:4,574 — 3*6
46,600,917
44,324,538 +5*1
M o n treal......
203,341,998 +5*4 M ontreal...... .........
211.407,115
27,790,316 +1*8
28,300,000
138,919,151 141,635,544 - l ' «
T o r o n to . . . . . .
5,100,000
S .C fll.iO
2 4,627,425 +0*4 H alifax, .................
H a lifa x . . . . . . .
+0*7
24.737.002
4,246,201 +15*4
4,900,000
2+213.390
21,505,063 +2*9
2,733.574
3,055, m
1:1,310.220
13,893,971 -0*0
Hamilton.......
-2*9
84, f65. o30 ■M*-i
J -2 -2
87,656.054
4Oi+O'-‘ 7,00J
Tot. f!Htiada.
l 4 08-1.487
Total Canada. -.

’ F *r tabl® ©I eiearlug* by telegraph see t'ftte 10 73.

NO. 1,667.

1897.

1890.

1897.
P . Cent.

1895.

1894.

$
502,727,225
45,013,422
11,835,886
13,358,901
3,811,658
2,073,490
1,332,202
839.824
788 093
676,761
287,100
582,744,520

$
419,101,401
51.095,778
13,124,193
11,499,635
4,153,530
1,508,479
1,036,680
789,308
673,193
511,070
279.200
503.892,526

+19*9
-11*7
—9*8
+16*2
-8*2
+32*2
+28*6
+6*3
+17*1
+32*3
+2*8
+15*6

*
494,023.991
56.607.958
19,759,125
12,960,577
3,353,254
1,727.728
1,4(8,138
753,480
044,038
643.383
247,900
585,735,622

I
407,108,748
50,198,223
11,189,913
13,289,440
2,927.100
1,383,979
1,641.052
648,586
044,44S
559,387
206,400
489,726,821

87,028.406
4,521,200
2,054,628
1,221,217
1,053,071
1.214.463
1,147,155
697,882
640,690
358,502
99,837,214

70,007,861
3,870,400
1.534,404
1 070,499
1,000,957
1,141.525
900,198
648,417
449,426
412,344
80.90s,031

[-24*3
-23 2
-33*9
-13*5
-0 7
+6*4
+26*0
+7*0
+20*2
-13*1
+23*4

77,281 387
4.107,400
1.771,071
1,154.752
1,233.485
994,388
1,040,179
564,894
464.948
382,839
88.995,943

69,520,948
3,651,700
1.710,782
1,148,805
1,140,247
924,961
1,020,479
655,239
482,244
416,276
80,483,841

84.0S1.352
12,508,5C0
4,786.896
4,997,825
4,243,309
3+80,600
2,004.019
1,282,736
1,132,443
671,193
689,344
204,233
205,911
277,523
255,800
195,035
219,940
118,818
174,900
121,185,790

72,685.043
10,201,850
4,104,034
4.600,006
3 431,217
3.263,000
1,555.987
1.776,200
1,268,909
598,701
600,212
2i8.0l5
209,198
249,322
200,600
231,770
194,783
112,521
155,392
105,826.820

-(-15*7
+22*0
+14*9
+7*2
+23*7
10*8
+28*8
-27*8
-10 o
+12*2
—4*0
—1*8
-1 -0
+ U -2
+23*0
-10*0
+12*8
+5*0
+13*0
+14*8

84,633.067
11,091,460
5,324.953
4,284,045
3.479.804
3.144,700
1,(55,104
1,775,443

74,100,741
10,534,800
4.004,801
3,754,612
3.290,221
8,130,500
1,029,038
1,080,021

071,261

099,627

234,035
384,850
389,129
175,378
271,203
191 059
107,781
165,842
117,120,424

293,442
288,851
193,690
109,234
211,502
107,772
119,031
125 502
104,343,955

11,518,895
995,902
667,802
933,023
603,-: 83
017,533
611,910
121.955
86.988
10,22/,085

11,573.293
1,246.335
699,395
856.342
535,000
448.586
345,300
149,094
73,972
15,927,383

-0*5
-20 1
+2V0
+11*2
—O 8
+B7-7
+-77*0
-18 1
-500
++0

11,497.100
1,150,124
1,071+40
1,002,106
530.229
370,000
308,634
111.374
38,621
10.140,188

12,487,894
733,240
950.000
720,755
570,034
404,425
191,798
108,119
110,885
10,288,750

10,982,202
0.906,086
4 ,504 475
3.834.272
2,096,245
419,210
1,218.202
833,515
695,929
270,093
463,137
303,555
66,210
63.450
32.743,257

8,048,812
6,490,632
3,615,713
3,905,470
2,293,254
529,219
873,852
707,003
381,143
210.316
471,290
320,509
57,216
57,074
20,908,603

+30*5
+27*4
+27*1
-1*8
-8*0
-20*8
+39'3
1-17 3
-50*2
+27*8
-17*3
—5*3
+16-7
1-10 0
+21*4

9,315 816
6,136.710
2,787.307
3.840,366
2,194,511

8.265,885
5,220,680
4,735,150
3.127,893
2.072,767

1,394 607
762,072
397,002
243,780
372,267
399,044
51,141
03.000
27,959,089

1,310,000
792,S04
080,219
410,504
270,554
310,052
83,000
93,538
27,931,046

21,198,171 ‘ 14,932,248
6.103+37
6,811,749
5,486.503
3,785,(89
1,819,500
1,551,212
2,857,780
1543,570
1,514,093
1,818,309
1,039 8241,988 933
1,845,050
1,070,015
937,814
1,011,860
994,882
1,000 000
875,875
8^2,906
839,953
823,227
426,4 5 L
371,554
397,719
765.404
569,497
473,426
337,320
375,228
42L+0L
437,600
223,432
275,954
187,847
270.541
108,850
233,408
39.835,928
51,382,807

+02*1
-10*4
+44*9
+17*3
+52*7
-10*7
-17*5
+25*7
+7*8
+0*5
—1*9
+2*0
-ia-9
-92*0
-20*3
-1 1*2
-3*7
+23*3
-30*7
+s2*t>
+ 28*9

21.726 052
7,590+87
5,654,635
1,921,527
2,038,338
1,414,000
2,018.523
1,277,021
968,361
1,093,376
734,781
860,976
061,821
550.00°
450,000
345,365

19,880,061
6,330 733
6,680.488
1,853,832
1,300.000
1,300 822
1,905,314
2,118,686
865,253
865,985
752,098
867,510
355,000
703,811

+10*9

904.421,479

773,409,351

401,694.254

334,247,950 ~ -i-iar

8 726.313
5,438,805
898,301
970.421
480,804
477,423
16,512,043
* N ot Included in totals

8.852,386
6.538,133
871,235
850,210
487,095
.......
10,599,069

300,000

312,085
294,402
215,000
50,121,740

823.018
190.223
to,484,600

888.073.008

705.307,919

391,449,015 ^358+59+71

—1*4
-1*8
+2 9
+14*1
-1*3

10,811.959
5,398.820
1,088.727
831,9(8
625,000

-0 5

18 0OU414

9,372.788
5,190,063
909,985
850.000
63O,0OS
........ .
11.954,344

1064

THE CHRONICLE,

[VOL. LX1V.

cember session of Congress. That course would meet
the popular wish and be reckoned and relied upon as
There i* no doubt a much more hopeful feeling prev­ a long step towards reform.
A further encouraging circumstance has been the
alent here, and we think too it is much more widely
prevalent than has been the case for many months. rapidity with which tariff legislation is being advanced.
We attribute the change primarily to the short address Work on the bill had not progressed far enough last
of Secretary Gage at the reunion in Cincinnati of the week to more than strengthen the hope that there
commercial clubs of Boston, Chicago, St. Louis and would be no prolonged delays. Each day of this week
Cincinnati last Friday (May 28) night, and to the has ended with a considerable portion of the measure
other reassuring remarks he nas made since his return disposed of, not without discussion, but without any
to Washington. The great body of business men— such friction as was the feature in 1894. Of course
men who supply the enterprise, energy and capital estimates of time when the work will be done are at
that furnish the force which keeps the vast commerce the moment abundant and short. They need not
of this country in motion—thoroughly believe (shall be inserted here, for they will be subject to many
we not say know ?) that a condition precedent and perhaps important revisions. The material fact,
to lasting prosperity is currency reform.
Until however, is that general opinion at present fixes
that corrective is under way we are living, engaged an early date when the Customs law will be per­
in our multiform employments, over a dormant fected ; and that belief goes a long way towards
volcano which
may
become
active
at any helping on the better feeling now so evident
moment. The first six months of every calen­ not only on Wall Street but in all business circles.
dar year is a period of special danger. No conserva­ Every one, and with reason, believes that with this
tive merchant can make engagements even during the piece of legislation disposed of, a very substantial
second six months when exports are so abundant, ex­ hindrance to the revival of business would be removed.
cept by taking counsel of his fears and providing not Should, in addition to that, the measure above re­
alone for wants that he can foresee, but likewise for the ferred to for the appointment of a currency commis­
wants which all the possibilities to be apprehended sion be passed and the commission appointed, there
during the year may make necessary. In other words, can be no doubt of the buoyant effect on all industrial
to-day business is carried on and all enterprises taken affairs that would ensue. Merchants and bankers and
up under a constant solicitude because of this impend­ all the thrifty enterprising classes would take heart
again. We «re of the opinion that it will be an easier
ing eruption.
The foregoing presents accurately the industrial problem to relieve our currency embarrassment when
situation at this moment from the business man’s Congress once addresses itself to the work than the
point of view. That being true it is hardly necessary many now believe.
Another feature which has had a more general
to describe the warm feeling of revived hope with
which Mr. Gage's words have been received. We may influence than would at first thought be anticipated
add likewise that the classes referred to, with the has been the passage by the Illinois Legislature of the
thrifty in every branch of trade and agriculture, are Chicago gas consolidation bill. This measure passed
the classes that will always control in the long run the the Senate last week ; on Monday of this week it
financial policy of the United States. They are the passed the House, and on Thursday it was reported
busy, active ones ; and since for that reason they can­ that it had been signed by the Governor. This latter
not in a country like ours be forever on the alert announcement subsequently proved premature, though
watching Government affairs, legislation often falls friends of the bill feel confident that the Governor
into error under the influence of the less occupied and will give it his approval. The general influence
thriftless—a class easily led by the noisy clatter of a the action has had arises out of the fact that it
is in the line of giving capital fair play. More­
long tongue in an empty head.
To meet this situation Mr. Gage’s address at Cincin­ over, in that respect it has produced the greater
nati was just the tonic needed. It was likewise effect in strengthening confidence, because it is the
especially fortunate in the matter of time. In that first legislative action, and therefore the more
respect it could not have been more opportune. Con­ striking, anywhere perfected for a long time, that
fidence in the determination of the administration to has appeared as designed to have that tendency.
remodel the currency was on the wane. We were not The almost constant inclination of the law-maker
among the number whose faith had weakened, for we of late years has been to destroy vested rights,
have felt ever since President McKinley chose for Sec­ not to conserve them. Of course the more immediate
retary of the Treasury one who was prominent in his and special effect of the statute will be in permitting
profession, with well known, positive and aggressive the Chicago gas companies to complete the
views on currency reform, that the work of reform was adjustment of their differences and to put that prop­
looked upon as a vital matter and would receive seri­ erty in the way of realizing whatever fair return the
ous attention without unnecessary delay. But for well capital so invested is entitled to. Chicago Gas hitherto
known reasons the public was growing anxious and has been a demoralizing speculative football, and ac­
needed the stimulant it received. At the moment also cording to general report a prey for every succeeding
it looks— in case the disposition to act exists as Mr. common council and legislature. Each body, it is said,
Gage ?ays it does—as if action might soon be possible, has had its turn at it one or more times every year.
since tariff legislation is at present making rapid prog­ Now it will be possible to complete the consolidation
ress. A decided advantage would no doubt be gained long since begun and exchange the certificates at pres­
if a commisssion bill could be passed before Congress ent dealt in on the Exchange into stock. We hope the
idjourns. It appears that Mr. Gage on his return to Street and the State of Illinois can now say good rid­
" i-hit gton expressed views favoring the appointment dance to an old source of evil influence and good speed
" f c o m m i s s i o n as soon as practicable in order that a to an investment property, which is always a strength­
plnn might be formulated for presentation at the De­ ening and wholesome influence in any city.

THE FIX A XCIA L SITUATION.

J uke 5, 1897,

THE

CHRONICLE.

As far as the records of bank clearings furnish any
guide, the indications of any improvement in business
are as yet very faint. We give on the page preceding
this article our usual detailed statement of the clear­
ings for the month of May, and on page 1073 we
print the tabulated summaries formerly given in
this article, including the four-year comparison of
the clearings at the leading cities. In the grand
aggregates the showing is a little better than for
most of the preceding months, the falling of from
1896 being only l -6 per cent with New York included,
and 2 -2 per cent outside of New York. But there is
really little significance in that fact, as comparison is
with figures last year which had shown an excep­
tionally heavy decrease, our return for May 1896
having recorded 13 per cent loss.
Still, the exhibits are not without encouraging
features, particularly in the fact that at a number of
leading points— among others Boston, St. Louis, Cin­
cinnati, Kansas City, Milwaukee, Louisville, Minne­
apolis and Omaha— there are gains over the figures
ast year, in some cases very decided gains. This
is an indication that the tendency is gradu­
ally changing, and that at many places an
improvement has already begun. It is interesting
to note too that while the clearings for the country as
a whole show a falling oil, several of the geographical
divisions nevertheless show an increase. This is not­
ably true of the New England group of places, where
the improvement amounts to over 6 per cent, four of
the ten cities, namely Boston, Providence, Hartford
and New Haven, having contributed to it.
Again
there is an increase of 6 per cent in the
Southern group, and an increase of 2'7 per
cent in the Far Western group. In the Pacific
group the change from last year is small in the aggre­
gate, but Spokane attracts attention by an augmen­
tation of nearly 30 per cent. It is in the Middle Statfes
and the Middle Western that the results are least
favorable, there being a contraction in the one case of
2-3 per cent and in the other of 7-9 per cent.
In this
latter instance Chicago, with a decrease of 10-4 per
cent, controls the final total ; Cincinnati and
Milwaukee in the same group, as already stated,
have materially enlarged the volume of their clear­
ings.
The general conclusion, then, from this analysis
would seem to be that outside of the leading
financial centres business is getting better.
This
view is also borne out by reports from other
sources. For instance, President C. P. Huntington
of the Southern Pacific, who has just returned
from a prolonged tour in California and the
West, is quoted in the “ Mail and Express” as saying
that all through the West and Far West business is
“ picking up.” There is a general lifting of the de­
pression in trade, he thinks, and it seems to him that
the outlook is decidedly encouraging. In San Fran­
cisco he finds fewer houses to rent than two years ago.
The railway situation in the West is improving, too,
he states, and although there has been much agrarian
legislation, people are beginning to awaken to the fact
that the railroads should be protected. There remains
some opposition to the railroad industry in different
localities, but Mr. Huntington is confident that it will
eventually disappear.
To the same effect are the statements of Mr. E. V.
Smalley, as contained in a letter addressed to the
“ Evening Post” of this city. We refer to this letter

1065

because it confirms our own advices of a growing im ­
provement in the section which may be termed the
Pacific Northwest— Washington, Oregon, etc. The
change there is the more noteworthy because that
section was the first to reflect, several years ago,
the depression in trade, which since then has
spread all over the country.
Mr. Smalley has
recently returned from a journey from Chicago to
Portland, Oregon, and gives it as his opinion that
trade is everywhere improving—not much, but to a
noticeable extent. The railroads report a gain in re­
ceipts from freight, but none worth mentioning as yet
in passenger earnings. Bank deposits are increas­
ing. Collections are easier. People are paying a
little on their old debts carried along from
the “ boom ” times.
There has everywhere been a
great deal of liquidation. Mr. Smalley states that in
Spokane fourteen of the largest business blocks have
passed into the ownership of a Holland mortgage
company.
Yet he also says that Spokane is now
showing considerable new life, and the in­
crease of 30 per cent noted above in the
May clearings at that point is very convinc­
ing evidence of the fact.
The reason for
Spokane’s special advantage is the speculative activity
which has developed in the new mining region of British
Columbia, where Mr. Smalley says about $10,000,000
of gold, silver and copper have been dug out of the
mountain sides during the past year. Spokane is
profiting as the supply point for the new mines. The
Canadian cities, Mr. Smalley points out, are too far
off to control this trade, so Spokane gets most of it in
spite of the Dominion tariff.
He directs attention to another favoring element.
In the grazing regions sheep have nearly doubled in
price since last year, and wool has gone up sixty per
cent. Cattle brings good figures. Many thousands
have been shipped to Iowa, Kansas and Nebraska
farms, to be fattened on cheap corn. The farmers
have found out that their corn, which brings only
from seven to ten cents a bushel, nets them forty
cents when put into beef.
The lumber business
on Puget Sound and the Columbia River is improving
by reason of the demand from South Africa. Crop pros­
pects, he asserts, in the entire spring-wheat belt are re­
markably good, and if there are no hot winds in July
the harvest in Minnesota and the Dakotas will be ex­
traordinary. The general feeling among the people,
hence, is that they are slowly climbing out of the deep
rut of depression by their own efforts, and that times
will soon be much better.
In addition to the returns of railroad net earnings
for April, reviewed by us last week, quite a number
of others have come to hand this week, and while
they are not all favorable, some of them are decidedly
encouraging. Thus the Burlington & Quincy is able
to report an addition of $164,065 to its gross earnings
and an addition of $117,782 to its net earnings. The
Canadian Pacific reports $161,953 increase in gross,
$135,887 increase in n e t ; the Louisville & Nashville
$35,217 increase in gross, $27,854 increase in n e t ; the
Minneapolis St. Paul & Sault Ste. Marie $27,728 in­
crease in gross, $18,940 increase in net, and the
Southern Pacific Company $125,625 increase in gross
and $218,971 increase in net. The Denver & Rio
Grande though losing $27,279 in gross, gains $27,260
in net, and the Lehigh Valley with $174,702 decrease
in gross (on the combined operations of the Railroad
and the Coal company) has $98,403 increase in net.

io m

THE

CHR0N1< LE.

[VOL. LX IV,

•]•- , New York Ontario X Western has enlarged its the gold exports cease. It was announced on Satur­
day the Secretary of the Treasury had directed that
gross by $’.‘.069 and its not by *1,5? 1.
Am«mg the smaller roads, the St, Joseph & Grand hereafter Assay Office cheeks drawn against deposits
I- md, though showing gross of *70,095 for April of bullion shall he stamped payable within ten days at
airainst $53,2*4 for April 1896, reports net of the New York Sob-Treasury, and thereafter at the De or,A u.-.'iii against $13,835. In explanation it should partment at Washington. This is done to prevent the
b, ««d that expenses this year include $8,054 charged withholding or hoarding of such checks beyond a rea­
f,,j repair? of road-bed and track, against only $2,546 sonable time, for the purpose of procuring either new
f ,: the saute month last year, and $5,096 for renewals gold coin or fine bars for export.
Money on call, representing bankers' balances, lias
of ties, against only $717, besides which many other
it--sit-. <>f repair arid renewal expenditures have been loaned at the Stock Exchange this week at 34 and at 1
gr.-atlv increased. Furthermore the net result this percent, the lower rati being rec irded onThursday, and
vr.tr after deducting $8,250 for taxes, against noth­ as very little money has bean placed at l.V the average
in*: dedut ted for that purpose last year. The practice for the week was about If. Banks and trust compa­
of the receiver was to take the taxes out at the end nies continue to loan at the current Stock Exchange
of the year. Thu company has adopted the policy rate. Some time loans have bean male this week at
of .-barging up each month one-twelfth of the re­ 3 per cent for six months. The offerings are liberal
quired annual payment and has in addition made an and the demand is chiefly for long periods, and (jacta­
allowance for the taxes which accrued prior to the tions are 2 per cent for sixty days, 2]- per cent, for 90
time when it took possession of the property. This days to four months, and 3 per cent for live to seven
change in the method of distributing the expenses months on good Stock Exchange collateral. About
will prevent the making of fair comparisons between 8100,000 of Worcester, Mass., tax certificates, issued
the net results this year and those under the receiver­ in anticipation of the collection of taxes in November,
ship. The large increase in the gross, however, indi­ have been placed in this market during the
it is reported that
cates the improvement which is taking place. The week at 2fper cent, and
rats because they
now company assumed control March 1, and for the they commanded this low
two months to May 1 gross was 8169,885 in 1897 were made payable in gold, though why pay­
against *100,800 in 1896. President Bull reports that ment in this metal should be stipulated is.not clear,
the crop conditions along the line of the road are for Eastern tax certificates are regarded as very choice
promising.
collateral. There is an excellent demand for com­
The Pennsylvania Railroad statement for April mercial paper, and the offerings are fair, chiefly from
shows no important change from the exhibits from the dry goods houses. Rates are lower at 3@3i per cent
months preceding. In the iron and coal districts for sixty to ninety day endorsed bills receivable;
evidently business during that month still continued 34@4 per cent for first-class, and 4@5 per cent for
unsatisfactory. The company reports 8120,300 loss in good four to six months' single names. One feature of
gross with $174,500 gain in net on the Eastern lines, the week has been the withdrawal from the Sub-Treas­
at.-l Tn i ,4oo loss in gross and $277,900 loss in net on ury of $300,000 gold by the Bank of New Amsterdam
the Western lines. The following is a six-year com­ and its deposit in the Clearing House vaults, and the
parison for UieEastern lines:
Park Bank also deposited $900,000 gold in
that receptacle on Thursday.
So far as the
L tx m VAST 0 *
m i.
1600,
1895
18041S03.
4892,
PtrrsBCKO.
first-named bank is concerned, the explanation given
A p r il
*
“ 1
«
$
«
%
5,on,w 2 5.482,275? 5,12!'5,472 4,761.050 6,895.492 5.740,780 is that the institution has recently been admitted to
B tom w n ilc c s , .
3,500,604 3,795,401 3,091.CO1 3.806,187 4,199,881 4.009,608 the Clearing House and it was deemed advisable
K#t mxnlnm.1,511,00- 3,3di-tSC8 1,511,408 1.397.62* 1,690,111 l.tSS.152
that its gold holdings, through Clearing-House gold
Jutu l U Apr, m.
certificates, should be increased. The gold in the
IMS I.POM7.88S.S8S n . e n j m 21,423.372
u j m , m \ i t 0 i,58i 1*J-tOl3,7fi2 16 820.794 15,891.408 Clearing-House vaults now amounts to §54.510,000.
5,1 iM *8 41794-800 5.201.874
Banks having large out-of-town correspondence report
For the four months to April 30, it will be observed, continued inquiry from the South preparatory to
tin- u o t f u r the Eastern lines has increased $454,600 applications to be made later on for re-discounts, but
over la year. On the Western lines, however, there as yet little money is moving. The demand for re­
has been a decrease of $170,200.
discounts from the West is small.
I he money and exchange markets are without con­
The armistice between Turkey and Greece has been
i' ■nou- feature this week. We hoar of a negotiation extended for fifteen days beyond the time previously
of “omo certificates at 2g per cent issued by a Massa­ agreed upon, and peace negotiations were opened at
chusetts i-ity in anticipation of tuxes in November ; the Constantinople on Thursday between the ambassadors
c«nificai<*s are payable in gold, which will in part ac- of the Powers and the Turkish Minister for 'Foreign
c .'.ir.t for the low rate, Commercial paper continues Affairs. There has been a cabinet crisis in Spain,
in good demand, and brokers report an increased busi- but this has had little effect upon the European
n-H-i doing. Some very choice sixty to ninety day en­ markets. The feature in Loudon this week has
dorsed bills receivable have sold this week at 3J per cent been increased interest taken in American se­
anc tmt-ela-s six month-’ single names at 3| percent. curities, stimulated by the speech of Secretary Gage
G°ld shipments for the week have reached $1,150,000. at Cincinnati last Friday evening, and the feature on
They attract very little notice. No doubt they the Continent is a better demand for gold, which is
win continue in n small way so long as merchan- reflected in low rates for sterling exchange at Paris
imports are abnormally large, but when the and Berlin. The Bank of England minimum rate of
®‘‘w tftM.fi bill has become a law, and the in­ discount remains unchanged at 2 per cent. The cable
ducement to bring in sugar, wool, etc., etc., to obtain reports discounts of 60 to 90-day bank bills in London J
advantage of the provision* of the 1894 law no longer of 1 to 1 per cent. The open market rate at Paris is If
exists, the trade situation will soon be changed and per cent at Berlin it is 2f per cent and at Frankfort
-1

THE CHRONICLE.

J une 5, 1897.]

per cent. According to our special cable from
London the Bank of England lost £505,518 bullion
during the week and held £36,026,231 at the close of
the week. Our correspondent further advises us that
the loss was due to the export of £381,000 (of which
£150,000 were to Russia, £181,000 were gold sold in
the open market and £50,000 miscellaneous), to ship­
ments to the interior of Great Britain of £439,000 net,
and to the import of £314,000, of which £235,000 were
from the Cape, £50,000 from New Zealand and £29,000
from China and Australia.
The foreign exchange market was easy on Tuesday
until the afternoon, when it grew firmer, thereafter
remaining steady until Thursday, when it again became
easier, though not quotably lower. On Thursday
Lazard Freres shipped $500,000 and Heidelbacli, Iekelheimer & Co. 8150,000 gold to the Continent, of which
only 8300,000 was taken from the Sub-Treasury. So
far as the last-named shipment is concerned,
it is stated that it went forward in response
to a cable order, and instructions were also
given for the shipment of $500,000 more by
the steamer sailing on Saturday, but it was said on
Thursday that no other shipment would be made on
that day, and this statement has proved correct.
The range for posted rates during the week has
been from 4 864 to 4 87 for sixty day and from
4 88 to 4 884 for sight and the only bankers posting
the higher rate for the latter were Baring, Magoun &
Co. On Tuesday rates for actual business in short
sterling and cable transfers were advanced one-quarter
of a cent compared with those at the close of Friday
of last week, to 4 87@4 8 7 ifor the former and to 4 87£
@ 4 87^ for the latter, but no change wa3 made in rates
for long sterling, which remained at 4 85|@4 86.
There was no alteration in the figures thereafter. The
market has been fairly well supplied with bills, which,
however, have generally been absorbed, and the easier
tone on Thursday was due to some offering of gold
drafts. The following shows the daily posted rates for
exchange by some of the leading drawers.
DULY POSTED RATES FOR FOREIGN EXCHANGE.
Fr i ..
Mon ..
M a y 28. M a y 31
f 60 days.
\ Sight-..
S 60 days

Bering
vi&troun * Co.. l Sight....
Sank Brttlan
J60 days.
No. America.. \ Sight..
Sark of
Jdo days.
i Sight....
Montreal
Cnna-llan Bank S60 days.
of Commerce.. 7Sight....
fieldeloacn, Ick- ) 60 days
eihetmer Sl Co. '/Sight....
« 0 days.
»taid Freres... j78ight....
Bfc. J60 days.
•■Right
* ^aneda.

Tn*e..
1.

June

W ed..
J u n e 2.

*6«*
87

r7
*8*
*7
88
*7

88
-7
»0!*
88

8
◄
G
J
O
X

AT

68

67

07

87
88
87
**
°7
84
0*
68
87
88
67
c8

87
88
87
«8
87
88
86
87
88
67

June

3.

86!*
88
87
S7
S8
87
88
87
*8
S6«
*8
«7
sS
67
88

Fr i ..
J u n e 4.
88
87
-» «
87
80
87
88
87
88
88
»7
88
87

The market closed barely steady on Friday with
the posted rates at 4 86£@4 87 for sixty day and
4 88@4 884 for sight. Rates for actual business were
4 85£@4 86 for long, 4 87@4 874 for short and 4 874
@ 4 874 f ° r cable transfers. Prime commercial bills
were 4 854@4 854 and documentary 4 84f@ 4 85.
The following statement gives the week’s movements
of money to and from the interior by the New York
banks.
W e e k E n d in g J u n e

4, 1897.

Currency.................. ........................
Total gold and legal tenders__

R ec e iv e d b y
B ank*.

V. r .

$4,427,000
082.000

s n ip p e d b y
B a n k s.

v. r .

N et I n t e r i o r
M ov em en t.

$1,557,000 Gain.$2,870,000
408.000) Gain. 274.000

$5.109.000 $1,005,0001 Gain.$3.144.000

With the Sub-Treasury operations and gold exports
the result is as follows.

W e e k E n d in g J u n e

]067
In to
BxnTes.

4, 1897.

Out o f
B m ks.

Banks’ interior Movement,as above $5,109,000
"nib-Treas. operat’ns and gold expts. 12,200,000

N e t C h an ge i n
B u n k H old in g s.

$1,965,000 Gain.$3,144,000
13,700,000 Loss. 1,500,000

Total gold and legal tenders...... $17,309,000 $15,665,000 Gain.$l,644,000

Amount of bullion in principal European banks.
June
B ank of

G old.

3,1897.

S ilv er.

£
£
England....... 36,026,231 .........
79,519,907
49,201.012
France_____
Germany...... 30.317,000 15,618,0o0
Aust.-Hung’y 34,280,000 12,629,000
Spain............ 8.657,000 10,260,000
Netherlands . 2,030,000 6,966,000
Nat.Belgium. 2,711,333 1,355,667

June

4,1896.

T o ta l.

G old.

S ilv er.

lo ta l.

£

£

£

£

36,026,231
128.723.919
45,935,000
46,909,000
18,927,000
9,596,000
4,067,000

47,835,551
47.835,551
80,457,029 50.240,128 130,697,157
30,675,000 15.376,000 46,051,000
27,343,000 12,826,000 40,169,000
8,406,000 11,060,000 19,466,000
2,635,000 6,995,000 9,630,000
2,604,000 1,302,000 3,906,000

Tot.this week 191,151,471 96,032,679 290,184.150 199,955,580 97,799,128 297,754,708
Tot. prev. w’k 194,079,006 9S.305.318 290,384,334 199,083.372 97.410.405 296,496,777

SECRETARY GAGE ON THE CURRENCY
REFORM OUTLOOK.
We doubt if the Secretary of the Treasury could
have chosen a better means of forecasting the purposes
of the Administration than that which he adopted last
week Friday. His speech on that occasion, at the
banquet of the Commercial Club of Cincinnati, gave
him the opportunity of saying what was necessary
without saying too much. A political address, to a
political audience, is sure to be formal in its character;
a newspaper interview is subject both to the embarrass­
ment of cross-questioning and to the possibilities of
misquotation. An after-dinner speech, on the other
hand, may be brief and pithy without becoming
trivial; it may partake more of the nature of a personal
conversation than any other form of statement for the
benefit of the general public; and therefore it may say
what could not easily or conveniently be said to a dif­
ferent gathering. It is for this reason, as we take it,
that responsible statesmen, in the English ministries
especially, make so important an occasion of addresses
of this kind. The speech for the cabinet at the Lord
Mayor's annual dinner is neither as formal nor as full
of detail as a speech in Parliament by the Chancellor
of the Exchequer or the leader of the House ; yet it
is anticipated with far more eager curiosity, and
discussed, at home and abroad, with much greater
interest.
The great importance of Secretary Gage’s speech
to the Cincinnati Commercial Club is its explicit
statement that the Administration has in view definit e
action to reform the currency. This assurance was
in all respects most timely. The attitude of Mr.
Gage himself on this vital question was very well un­
derstood; it was both hoped and believed that the
President shared the Secretary’s views. But there
wa3 at the same time not a little misgiving as to the
attitude which the Administration would take in bring­
ing this question before Congress. Mr. McKinley’s ref­
erence to this part of his official policy in his inaugural
address was framed, perhaps inevitably, in general
terms; it recommended the appointment of a cur­
rency commission, but even this recommendation was
not pressed on the immediate attention of Congress
in such manner as to require prompt discussion.
Therefore the community of business men, while
hoping that affirmative action of some vigor was fa­
vored by the Administration, had to rest most of its
belief on faith. So long as this doubt existed, the
danger necessarily remained which has repeatedly be­
set our currency reformers—the danger that by await­
ing a convenient season, by trying whether a small
and unimportant change will not do as well as actual

10H8

THE

O f f E O N K l K.

[VOL, LXIV.

ufr'-fthK' of the evil, the chance for real achievement ceive the President’s approval until May 15:
and all the subsequent seven months were needed
Mr.
. We think, disposes of such misgivings by to enable the Commissioners to pursue their
h'.~ frank statement at Cincinnati, and he has einplia- task and submit their report by the stipulated date,
d*),|s nu#t? by his furt her promise made on Thurs- the first Monday in December. A bill in accordance
M.irv land Bankers’ Association. He does not, with the Commission’s recommendations was at once
... i ,
a plan of currency reform. He does introduced, but did not pass until March 3 1883, In
n even say whether the project of an investigating short, notwithstanding the utmost expedition, it was
commission is to be revived or whether the Administra­ nearly a year after the commission bill was first sub­
te;. »iii have its own specific to propose. But he does mitted that the legislation which was the end in view
* •: at rest the suspicion that the reconstruction of the was finally achieved. Judged by this precedent, a
c irrcncv m.tv be allowed to go by default. These are currency commission bill proposed at once in the
hi# words,: ••If any of you harbor the suspicion that recent extra session would not have reached its end
the Administration# But just now installed into the before next March, whereas a similar bill submitted at
responsibilities of high office, has forgotten or is the opening of the regular session next December
likeiv to forgot the mandate of the people, whose voice would be very likely not to result in positive legislation
in behalf of honest money and sound finances rang out before the early months of 1899.
We have no doubt that Secretary Gage would be the
loud and clear in November last, put that suspicion
ad i . It is unjust and unfounded. In good time and first to acknowledge that the postponement of the cur­
n proper order the affirmative evidences of my declar­ rency commission hill to next winter’s session would
be most unfortunate. It is still barely possible that
ation will appear.”
We take this statement to be an official pledge that such long postponement may be avoided. The “ Journal
the question of currency reform will be made the of Commerce” published yesterday an interesting state­
le .ding theme of the President’s message and the ment from its Washington correspondent, to the effect
Treasury report when the regular session of Congress that a special message on the currency will be sent to
opens. We assume this to be true, largely because Congress as soon as the Tariff hill is passed, and that
Mr. Gage lias already made plain his own conception an effort will be made to have a currency commission
of what is involved in remembering the mandate of the named at once, so that its members may report to
people in behalf of honest money. There has been Congress at next session’s opening. Of course
some idle newspaper talk of late to the effect that when such a programme may turn out to be impracticable.
a revenue surplus has been at length restored, the Still, it has been the judgment of the Adminis­
currency question will take care of itself. No one tration that to introduce at once a tariff bill
knows better than Mr. Gage, by observation and exper- and a currency reform bill would jeopardize the pros­
enee. that this is wholly untrue. In common with pects of both measures, and that as between the two
11 intelligent business men who have passed through ends in view, the need of providing adequate revenue
the vicissitudes of the last seven years, he is for the Government was the more imperative. This
aware, and has shown himself to be aware, that the was at least a reasonable position. People, closely
nation’s whole financial structure rests on a basis familiar with the eccentricities of our present Senate
which may serve temporarily in time of high prosper­ had advised this line of policy, and it was adopted..
ity. but which will collapse like a rotten plank the The methods originally chosen in the House of Repre­
moment that a serious strain begins. Since his selec­ sentatives to make good the deficit in revenue have
tion for the Gabinet he has testified publicly, in his been criticized, not only by opponents of the party in
Chicago speech of February 12, that “ there are real power, but by that party’s representatives in the Senatemistakes to be corrected”; that “ we have violated Finance Committee. But the end in view was proper,
ral laws, which govern in the realm of economics, and if the party leaders were right in their judgment,
with the same force and power as in the physical it was a virtual impossibility to secure support, in Con­
realm.'" The two speeches must be read in the light gress to a currency bill until the revenue question
of one another; they mean, if words have any mean­ should be settled. Assuming this to be the actual
ing. that the Administration will take up this vexa­ situation, the blame for the delay must rest, not on
tious problem in a spirit of genuine reform.
the Administration, but on Congress.
The Secretary's speech showed plainly enough his
Much will undoubtedly depend on the manner in
knowledge of the public disappointment over the long which this currency question, at the appointed time,
delay i;i beginning this necessary work. The business is laid by the Administration before Congress. Much
community bail argued, very justly, that since recon- will depend, too, on outside conditions not under
*tru-tiou of our currency system was sure to be a slow control of the Administration. Secretary Gage, in his
and t<>dinug process, the new Administration and the Cincinnati speech, expresses confidence that the long»<*w Congress could not begin the work too soon. Sup­ expected trade revival is at hand.
If industrial
posing that a currency commission was to be first ap­ recovery were to be plainly under way next autumn,
pointed, as suggested in the President’s inaugural, the hands of the President and his Cabinet would be
®°m« time must be consumed in the simple naming of immensely strengthened. If they then should have
trs enmi- inner- and arrangement of their duties, the foresight, as Mr. Gage’s utterances lead us to
the • mini#sioii must then be allowed at least several believe they would, to reject the futile and dangerous
mom'... in which to complete its inquiry and frame its advice to “ let well enough alone”, the movement for
*"rrf!ii‘ report* The Tariff Commission of 1882, the the reconstruction of the currency would move for­
r.i',r„ ,,, whose work was somewhat similar to what ward with comparative ease. We believe that a precious
; ! r'"i
1'•urrenev commission would undertake, opportunity was lost in the later months of 1879 and
mw emeMy this experience. The bill to authorize 1 880, when the great success of specie resumption
a omn --ion was proposed in Congress on made possible the success of almost- auy sound financial
.a-. : >t gof March; it did not pass and re­ policy. Party majorities in Congress are more favort.W .. ,

J une

5,

1897.J

THE CHRONICLE.

able to the Administration now than they were in the
resumption years ; with a return of trade activity the
task of genuine currency reform would be proportion­
ately easier.
If, on the other hand, the hopes of trade revival are
again to be disappointed, the course of the soundmoney advocates is equally marked out. Delay in re­
adjustment of the currency is itself the most formid­
able obstacle in the way of permanent restoration of
that business confidence for which Mr. Gage in his
Cincinnati speech appeals. This fact must be made
plain to Congress and the people, and the best means
of impressing such convictions on the public mind is
through the reports and messages of the President and
his official counsellors. Therefore, whatever good or
bad fortune in the way of industrial prosperity may be
In store for us this year, Mr. Gage’s promise of Execu­
tive action is a much-needed factor of encouragement.
It pledges at least the beginning of a definite move­
ment which must be carried out before our financial
future can be made in any sense secure.
It is somewhat reassuring, also, to observe that the
relations between the Administration and Congress
continue of such nature that an Administration meas­
ure will be helped decidedly towards enactment by the
fact of the President’s support. The late Administra­
tion was handicapped by the fact that it had been
brought into collision with elements in Congress which
would normally have been reckoned among the
President’ s own supporters. These conflicts, under
existing
circumstances,
were
inevitable,
and
they were creditable, rather than otherwise, to
the Administration. But they resulted in defeat­
ing almost wholly the influence of the Presi­
dent over Congressional legislation. The opposi­
tion to an Administration measure after 1893 was
made up very largely from nominal adherents of the
Administration party. The present Administration
has moved with much adroitness to avoid all possibil­
ity of such a situation. The friendly defense of Con­
gress against its very numerous outside critics to which
Mr. Gage resorted in his Cincinnati speech was an in­
stance of the policy adopted, no doubt with delibera­
tion, by the entire Executive. It may be that we shall
see some useful fruits of this diplomacy when the time
comes to apply actual pressure from the White House.

THE ROCK ISLAND REPORT.
The report of the Chicago Bock Island & Pacific
Bailway for the fiscal year ending March 31 1897,
issued this week, has been very favorably received,
and it certainly makes a very gratifying showing con­
sidering the adverse conditions which prevailed.
There was no recovery in the gross earnings. On the
contrary the total, after having fallen from $21,039,073
in 1893-4 to $17,359,053 in 1895-6, further declined in
1896-7 to $17,146,653. The significant fact is that
net earaings were slightly increased over 1895-6 not­
withstanding this renewed contraction in the business
and revenues of the road. It follows, of course, that
expenses were reduced, and as there had been a note­
worthy saving in the years immediately preceding,
thi3 serves to direct attention anew to the increasing
economy with which the property is being operated.
A reduction in expenses may be the result of real
economies in operation or a falling off in business, or
it may be the result simply of the deferring to some
more propitious time of outlays which the condition
of things does not permit now, thus placing upon the

I06y n

future a burden which the present ought to bear. In
the Bock Island case there is nothing to indicate that
the reduction has been of the latter character, while
analysis of the expense accounts and study of the
traffic statistics reveal many particulars in which a de­
crease has been effected through the practice of genu­
ine economy or through other legitimate causes.
Comparing the total of the expenses for the last
three years, we find that from $12,682,261 in 1895
there was a decrease to $11,866,594 in 1896, and then
to $11,612,827 in 1897. But while there was this dim­
inution in aggregate expenditures, the repair and
renewal expenditures on plant and equipment have
actually been rising during these two years. Thus for
repairs of roadway and structures $2,498,324 was
spent in 1895, $2,510,823 in 1896 and $2,709,691 in
1897, and for repairs of equipment $1,268,107 in 1895,
$1,451,907 in 1896 and $1,424,713 in 1897. On the
other hand, in the cost of conducting transportation
there has been a decrease from $8,915,830 in 1895 to
$7,903,863 in 1896 and to $7,478,423 in 1897. In other
words, the whole of the saving in expenses, and more
—in fact almost 1-^ million dollars altogether— has
been in the class of expenditures which admit of a
reduction without detriment to the property.
If we extend the comparison a year further back,
the result is equally striking. Here we have to deal
of course with still larger figures of decreases, the ex­
penses for 1897, at $11,612,827, comparing with a total
of $14,977,479 for 1894, making a contraction in three
years of over 3£ million dollars. Of this decrease less
than $700,000 occurred in the expenditures for main­
tenance and over 2 f million dollars occurred in the
cost of moving the traffic and in the various miscel­
laneous items of expense. In brief, the outlays for
repairs and renewals were $4,134,405 in 1897 against
$4,833,997 for 1894, while the other class of expendi­
tures aggregated $7,478,422 for 1897 against $10,143,482. In the following we furnish a tabular compari­
son, covering each of the last four years, and also
showing separately the different items of the main­
tenance expenditures as given in the company’s annual
reports.
EXPENDITURES OF CHICAGO ROCK ISLAND & PACIFIC.

------------- Tear ending March 31.------------- ,
1897.
1896.
1895.
1894.
Repairs of—
$
$
$
*
Engines and tenders.......
540,096
575,163
550,105
727,241
Passenger cars................
239,029
220,849
266,656)
Sleeping ears...................
51,525
60,705
48,917 V 321,962
Tourist cars.....................
2,486
3,881
1,846)
Freight cars........................
591,578 591,310
400,582
703,591
Ralls (renewals) .............
90,417
162,853
121,334 189,521
Ties (renewals)...................
367,427 377,118
366,959
328,194
Roadway and track........ 1,333,708 1,229,0741,294,066 1,640,397
Fences, oross’gs & signs..
55,640
72,882
64,478
74,178
Bridges, culverts and
cattle guards...................
593,134 438.953
446,770
547,209
Buildings and fixtures...
269,365
229,943
204,717
301,70J
Total repairs............. 4,134,405 3,962,731 3,766,430 4,833,997
Other expenditures........ 7,478,422 7,903,863 8,915,831 10,143,482
Gr’d tot’l, all expens. 11,612,827 11,866,594 12,682,261 14,977,479

It will be observed that while the several items of
maintenance expenditures have varied more or less
in the different years, the most of them are larger
for 1897 than for 1896 and 1895, but below the
amounts for 1894. In this last-mentioned year the
outlays were, we may suppose, more than ordinarily
liberal, and this has to be taken into considera­
tion in judging -of the reduced outlays for this
purpose in 1897. Some other facts also require to
be taken into account.
Thus as the volume of
business was much smaller in 1897 than in 1894,
the requirements for repairs would naturally also
be to some extent less. Again, prices of materials
i
and
supplies are lower in a good many instances, and

1070

THE

CHRONICLE.

P? ol , l x f v .

where that i* trie the expenditure of a lesser amount very much larger amounts in the years preceding. The
passenger earnings were only 84,072,127, against H,445,953 in 1896. This is a heavy decline after a
trifling recovery in 1896 following very heavy decreases
in the previous year, and serves to enrphasize the great
depression prevailing. The freight statistics when
analyzed also serve to disclose this depression. In the
items of freight dependent upon the state of trade
uiutn-y now will go much further than a few years ago. there have been heavy losses. The small gain shown
On the whole we may conclude, (judging from these in the totals lias followed from the larger movement of
comparisons), that the property has not been allowed grain and live stock. Here is a table which brings
to hit u-riorate, notwithstanding the hard times through out clearly the distinction between the course of the
agricultural tonnage and the other classes of freight.
whsds the country has passed.
TOKvagi; o f l e a d in g item s o f f r e ig h t on b o c k is la n d .
But how has the company been able to effect such a
1896-7.
1895-6.
1894-5.
1893-4.
1892-3gr<at saving in the other class of expenditures, name­
Group I.
Tons.
Tons.
Tons.
Tons.
Tons.
W heat............
152,935
193,202
218,983
427,123
ly the cost of conducting transportation, etc.? The C o r n ......___ .. 687,594 375,686 284,672 694,661 515,627
answer to this question affords an interesting insight O ats............... . . 332,088 333,856 163,968 206,006 275,817
862,477
641,842 1,180,250 1,218,567
into the policy pursued by the management in trying C attle............ . . 1,199,051
326,904
273,791
338,142
390,849
336,128
H
o
g
s
..............
..
180,825
171,246
199,202
170,519
162,927
to overcome as far as possible the effects of the adverse
1,706,783
1,307,514
1,179,186
1,741,618
1,717,622
conditions with which the whole railroad industry has
Group II.
had to contend in recent years. Of course, with a Coni and c o k e .l,433,793 1,439,422 1,513,463 1,736,5SO 1.808,076
M erchandise... 506,205
558,811
585,935
640,545 730,510
438,693
440,728
541,010
646,521
diminished amount of business to transport the cost Lumber, lat-U,etc. 373,779
253,259
248,340
231,264 322.777
Stene................. 195,923
attending its movement would necessarily be reduced. B rick.......... .
151,550
180,196
164,687
102,906
3081450
I r o n ................... 222,203
257,669
220,822
189.860
256,401
But that will account lor only a small part of tha Sand and gravel 232,772
205,021
148,454
140,979 200,080
diminution in expenses. The company has been
3,116,225 3,333,071 3,322,429 3,643,144 4,272,815
steadily gaining in efficiency of operations in recent
It will be observed that the agricultural tonnage as
years. We referred in our review a year ago to the in­ represented by the five leading items contained in our
crease which had been established in the road’s freight table, has made a very substantial gain during the last
train loads, but during 1896-7 this became a still two years, having risen from 1,179,186 in 1895 to
more striking feature. The ton movement one mile 1,706,783 tons, at which it approaches very closely the
in the late year was 1,175 millions, against 1,078 mill­ exceptional totals of 1894 and 1893. The other group
ions, yet the company actually did the additional work of tonnage, however, comprising leading articles of
and at the same time slightly decreased its freight merchandise and general freight, records a very heavy
train mileage. To show the progress made in this di­ and an almost continuous falling off, the aggregate of
rection during the last few years we present the fol­ the seven articles included being only 3,116,225 tons
lowing table.
for 1897 against 4,272,815 tons for 1893. The two
SB*
Freight train
Tons one Av. train groups comprise nearly 75 per cent of the company’s
Tear ending March 31—
mileage.
mile.
load.
entire tonnage. In addition to the loss in the indus­
1SDT............................................... 7,437,841
1,175,517,765
158
l S f C ............................................... 7,510,857
1,078,846,776
143
trial tonnage, the road has had to contend with de­
I ' W ............................................... 8,866,103
1,071,763,263
121
1994..........................................
10,898,552 1,288,576,685
118
clines in both passenger and freight rates, the latter
This shows, all things considered, quite remarkable being now down to only 96 hundredths of a cent per
results. Freight train mileage has been decreased in the ton per mile, which is a trifle above the average for
three years since 1894 from 10,898,552 to only 7,437,- 1887-88, but is, with that exception, the lowest in the
•841, or fully thirty per cent, while the falling off in company’s history.
traffic during the same three years has been only about
The good showing made by the company then may
9 per cent, raising [the average train load from 118 be said to be due to the circumstances of a larger agri­
tons per train to 158 tons. This latter figure is even, cultural tonnage, this serving to an extent to offset the
now small as compared with many Eastern roads, but effects of the depression in trade, and to the increased
the conditions are different in important respects out efficiency established in the operation of the road.
ft est and it is not possible to apply Eastern standards From the income account it appears that the company
there. As a consequence of the heavier lading of earned the 2 per cent dividends paid, and had left be­
the trains, the freight train earnings per mile have sides a surplus of 8520,480 on the operations of the
been expanding notwithstanding steady declines in the twelve months. In other words, earnings were equal
rates received. In 1893-4 the trains earned only §1 18 to over 3 per cent on the stock—not a bad showing for
P'?r mile run, in 1890-7 they earned 81 51, though the such a trying period.
rate realized per ton per mile in the interval fell off 4
The finances of the company arc in excellent shape.
per cent. As showing another way in which im­ The balance sheet does not give accrued liabilities for
proved results from operating have been obtained, we interest and rentals, but the ordinary accounts payable
may note that the cost of fuel per locomotive mile run April 1 were only 8536,991, and against this the com­
only 5-74 cents in 189? against 6‘41 cents in 1894. pany held 8778,259 of accounts receivable and 83,485,I hat these efforts at increased economy were quite 601 of cash and cash assets. The new capital expendi­
essential i* evident fmm the great falling off in rev- tures, as in previous years, were small, reaching only
einiM: which has occurred. We have shown above 8660,985. The company’s method of apportioning
that gross varmugs further declined in the late year. expenditures between revenue and capital accounts is
Tt is proper to my that this followed from a heavy conservative. For instance, its payment on account
shrinkage in the passenger receipts. In the freight of the new bridge across the Mississippi between Rock
revenues ihvre was an increase, but hardly largo Island and Davenport was 8305,732. Of this sum
enough to merit notice, the comparison being $11,. only 8148,232 (representing the additional value of a
22!*>175
nst 111,159,100 for 1896 and double-track structure) was charged to capital account;
of money now may represent the same extent of rcjnurs- as in the earlier year. On this point we may
not., that in 18!>4 the company used 898,476 ties and
I aid an average of 43 cents a piece for them, while in
IS'.C it used over a million (1,006,839), but bought
tItem at an average of only a little over 35 cents apiece.
In this ease, clearly therefore, the same amount of

June

5, 1897,]

THE CHRONICLE.

the balance, 8157,500, representing the amount it
would have been necessary to spend to replace the old
single-track bridge with a new single-track structure,
was charged against earnings.

CO-OPERATION BETWEEN CARRIERS AND
RAILROAD COMMISSIONERS.
At the annual convention in St. Louis last month
of the Boards of State Railway Commissioners, Presi­
dent Edward T. Jeffery, of the Denver & Rio Grande
Railroad Company, made an earnest plea for co-opera­
tion between railroad managers and the various Com­
missioners, State and National, charged with the duty
of supervising the roads. Incidentally also he ad­
vanced strong arguments in favor of limiting the con­
struction of unnecessary new mileage. Air, Jeffery is
a vigorous writer and a clear thinker, and he has a
way of bringing out his facts which ensures instant
attention for anything he has to say. Years ago when
he was connected with the Illinois Central, his
views and opinions often found public expression.
Latterly it seems to us his public utterances have
not been so frequent.
At all events, the present
address is a bright and welcome contribution to
the discussions of the day, all the more merito­
rious because it deals with the subject in a sensible,
rational way.
Air. Jeffery does not by any means hold the roads free
from blame. On the contrary, he admits that they have
by some of their acts helped to bring about the present
complicated situation, and he condemns unsparingly
some of their practices in the past. Indeed, it seems
to us that his strictures in this regard are severer than
the circumstances warrant, and we are not sure that
we should like to subscribe to all that he says on this
phase of the question. However, the fact that he does
not speak from the standpoint of a mere partisan of
the roads, but from the higher standpoint of public
duty considered in its relation to the welfare of the
people and the roads alike, gives additional value to
his observations.
AVithin the limits of a newspaper article we cannot
hope to furnish a complete synopsis of the address,
but we shall undertake to indicate some of his leading
lines of thought. After pointing out that the roads
have in the past done many things that they ought
not to have done, he asks how, under the circum­
stances, it could have been otherwise. They sprang
from nothing to 185,000 miles in less than two genera­
tions ; from nothing to 700,000,000 tons of freight
annually ; from nothing to over 500,000,000 passengers
annually; from nothing to nearly 1,000,000 em­
ployes ; froih nothing to over ten thousand million
dollars capital. They felt their way quickly, because
they had t o ; they had no precedents, no text
books, nothing in the way of a landmark to guide
them. Railroad managers faced new and vital ques­
tions and carried greater responsibility than they
realized.
The growth of the United States in population^
agriculture, mining, manufacturing, commerce and
wealth during the period mentioned, says Air. Jeffery,
is evidence that in the main these men did their work
well. Rates, classifications and regulations were grad­
ually formulated for the continuous carriage of
thousands of things over thousands of routes in all
directions. Sections widely separated competed in
remote markets. Cities vied with each other in se­
curing trade, and water ways were vigorous in con­

1071

trolling commerce against the rail carriers. Alanufacturers at times made active war upon each other.
Foreign nations competed in our markets with home
industries. These peculiar, far-reaching and potent
factors brought the carriers into frequent struggles
among themselves. While as a rule desiring to be
reasonable and just, and aiming to conserve as best they
could the general interests dependent upon them as
well as those especially entrusted to them, railway
managers at times failed in both objects and were con­
demned equally by both interests; the commercial,
which they sought to aid, and the financial, which they
were expected to reward with a reasonable return upon
investment. To accentuate the difficulties, parallel
and competing lines were in some important instances
constructed without the slightest public necessity and
solely for the pecuniary profit of the projectors. These
divided the traffic with older lines, and in doing so re­
duced rates so that the revenue derived by two carriers
from the carriage of a given volume of traffic was less
than when it was carried by one.
After noting that American rail carriers sell trans­
portation at lower prices and move freight at less cost
per mile than the rail carriers of any other country,
Air. Jeffery points out that we have reached a level
now below which it is not possible to go even to a
moderate extent in cost of carriage, and consequently
in price of transportation, unless the prices paid for
labor throughout the land are materially reduced. He
then shows how largely labor enters into everything
the roads use. The rails, ties, bridges, roadway,
buildings, equipment and transportation expenses
are all mainly labor in one form and another. The
difference in value between the ore in the ground and
the steel rail in the track is mostly labor. The differ­
ence between the coal in the earth and in the locomo­
tive furnace is largely labor. The enhanced value of
timber in the bridge, car or cross-tie over what it was
in the forest tree is labor. So it is obvious that labor
cannot remain unaffected if transportation prices are
to be materially reduced, for maintenance and opera­
tion expenditures must fall proportionately, and labor
constitutes by far the greater part of them, either
directly or in an indirect manner.
Although the railways are generally in fair physical
condition, there must be heavy expenditures upon
them in future years to make them meet in a satisfac­
tory manner the growing requirements of the public.
There must be thousands of miles of second main
track constructed, terminal facilities in leading trade
centres must be enlarged, station facilities in growing
communities must be added to, locomotives and cars
must be increased in number, and larger ones substi­
tuted for nearly one-half those now in use. Bridges
of steel and masonry must replace wooden structures,
tracks must be raised or lowered, as the case may
bo, in cities of importance, so that streets shall
pass above or below them, and public highways
must be carried over or under tracks outside of towns
and cities. These and other necessary works will re­
quire very large expenditures. How shall they be
met ? If paid for out of earnings rates must be ad­
vanced slightly above the present averages, or tonnage
and travel must greatly increase in volume at the pre­
vailing rates. If sales of new issues of stocks are to
provide the money, the outstanding issues must first
be made valuable before attempting additional ones.
If more mortgage bonds are to be placed, the credit
and standing of those heretofore marketed under more

1072

l HE CHRONICLE.

tu'inrr U' conditions must lwimproved or else the new
crnt-s must b<* sold at a largo discount.
In Mr. Jeffery's opinion, the “ relentless wars of
capita! against capital'* have (lone much to bring
about present conditions. “ A parallel and competing
line of railway is not built by demagogues, it is not
cornurm ted by hostile legislation, it is not conceived
bv boards of railway commissioners. It is deliberately
planned and constructed by capital.’’ Why, asks Mr.
Jeffery, ought new, unnecessary and parallel lines
of transportation be permitted ? Why ought the
public to grant them charters ? Why should any
railwav be allowed to come into existence un­
less it be shown before a lawful and duly
constituted board that it is a public necessity? The
public is better served between given points by
one or two first class lines than by several poor ones.
Wbv should traffic he burdened with the additional
fixed expenses of new and unnecessary railways? Why
should the wages of masses of workingmen dependent
upon existing lines and the aggregations of money in­
vested in them be jeopardized when public necessity
docs not require nor even suggest their existence?
Referring next to the difficulties and perplexities
attending the efforts on the part of both the railroads
and the Government to make suitable and satisfactory
rates, Mr. Jeffery shows how unique and peculiar is
the general railroad situation at present. “ The
people assert that all charges shall be reasona­
ble and just ; in their National Legislature they
enact a law requiring them to he reasonable and
just; commissioners appointed in pursuance of law
insist that they shall be reasonable and just; the
courts decide that under the law they must be rea­
sonable and just: the railway corporations, through
their managers, affirm that they desire to make
them reasonable and just; but a Supreme Court
decision says that it is unlawful for the carriers
to agree between themselves to m aintain what the
people demand, Congress has enacted, commissioners
insist upon and the carriers themselves desire.” Mr.
Jeffery then suggests that joint conferences be held
between commissioners and railway managers for the
purpose of determining how they shall unite in presejning to the people reasonable, just and stable trans­
portation charge-, without discrimination, as contem­
plated by law. flow the people and the law-abiding
carriers shall be protected against law-breaking ones.
violators of the transportation law can be speedily
brought to the bar. What legislation, if any, isueoesaary to accomplish these ends.
Mr. Jeffery docs not venture to indicate what addidesirable beyond stating that it
seems clear to him that agreements between carriers
■ i u able and just rates under the
approval of the commissions should be legalized,
and when entered into the people and the carriers who
tuiiv be injured by violations of the agreements should
sue id recover damages in courts of law.
Perhap--, also Cue incorporation, he thinks, of joint
traffh iitiream* or :i--ociatioB.-. or clearing houses, should
be authorized, and persons who manage them be
held directly responsible to commissions and amenable
cognized agents of carriers so associated
Mr. Jeffery well says that, there are large
r country to be opened up to settlement,
‘■nut ion facilities will be their leading
nee
Capital must be enlisted in this behalf or
else
rtand -till as a nation. For these enter­

fVot,. LXIV,

prises and for all other material development, capital
and labor are the factors, and to succeed they must
work in close co-operation under laws equally just to
each and inspiriting to both* The sentiment or legis­
lation that cripples either will injure both.
D E B T S T A T E M E N T M A Y 29, 1897.

The following statement of the public debt of the
United States on May 29 1897 is made up from
official figures issued on that day. Lower down we
give an interesting exhibit of the bonds issued in aid
of the Pacific Railroads, and the Treasury cash hold­
ings, all of the same date.
IN TEREST-BEARIN G
T itle o f L o a n —

DEBT M A T 29, J897.

I n te r e s t
p a ya b le.

4Ws,Fund. loan, 1891, } q
Continued at 2 p.c. Sv *
Is, Funded loan, 1907..Q.— J.
4s, R efund’# certified. Q.— J.
5s, Loan o f 1901. .......Q.— F.
Is, Loan o f 1925..........Q - F.
Tot&l,excludingPac.
RR B onds.......................... 1,293,229,350 680.620,4(30 160,699.350 817,365,030
nations o f bonds are as fo llo w s, Two percents (registered
No t e —T he denominations
). $ 1,000, $5,000, $10,000,
$20,000, $50.000; is o f 11*0?, regis­
*........................
* *50, $100. $500,
*
tered, $50, $100, $500, $1.0W, $5,00f>, $10,000, $20,000, $50,000, coupon. $50, $100,
$500, $1.00i‘ ; 4s, refunding certificates, $10; 5s o f 1904, registered, $50, $100,
*1,000, $10,000, coupon, $50, $100, f 1.000; 4s o f 1925. registered, $50, $100, $500,
$1,000. $5,000, $10,000, coupon, $50, $100, $500, $1,000.
DEBT ON W H ICH IN TEREST H A S CEASED SINCE MATURITY,
April SO.
May 29.
Funded Loan o f 1891, matured September 2,1891.. $152,350 00
$152,250 00
Oid debt matured prior and subsequent to Jan. 1 ,’OLl,201,460 26
1,190,260 26
Debt on which interest has ceased........ ........ . .$1,353,830 20
$1,348,510
DEBT BEARING NO INTEREST.
United States notes.................................................................
....$340,681,016
54,347
Old demand n otes................
National Bank notes—Redemption accou n t................
24,459,719
Fractional currency.
...... .................
.$15,235,176 14
Less amount estimated as los t or destroyed. . . . . . . . . 8,375,934 00
--------------6,889,241
Aggregate o f debt bearing no Interest. . . . . . . . . . .. .
RECAPITULATION .

6
Deo.5,S*O0'6

Stlts °lo 38°

lne.488,SS5 00

877,010,769 14

Inc, 163,216 l
Ino. 2,026,206 (

Total gross d e b t........... 1.226,797,864 40 1,228.334,«49 40
228,090,817 02
ash balance in T reasury.. 230,113,812 87
Total net debt................ 99e,6S4,05i 53

14

In crea se o r
D ecrea se.

1897.

Interest-bearing debt........ 847.365,030 00
Debt, i at erest ceased........ .
1,348,510 26
■
Debt bearing
- no *interest...
'
87o,r
378^084,824
'v‘
14

0 0
60
50

................ $378,f 84,324 14

April 30,
$

C la ssifica tion o f D e b t

26

998.244.132 38

Deo.1,600,080 85

The foregoing figures show a gross debt on May 29
1897 (interest-bearing and non interest-bearing) of $1,326,797,864-40 and a net debt (gross debt less net cash in the
Treasury) of $996,684,051 53.
Pacific Railroad bonds are never included in the official
total of the Government debt. The status of these obligations
to-day is as below. Methods of book-keeping make the of­
ficial record unintelligible to most readers, and henoe we
have brought together in our compilation the leading facts
relating to the subject.
BONDS ISSUED IN
N am e

of Railway.

A ID

OF PACIFIC R AILR OA DS.

r— B o n d s issu ed a n d —»
a c c u m u la te d i n t .
P r i n c ip a l.
I Inntet er re es st.t .

I

?

Central P a cific....25,865,120
Kansas Pacific.... 0,303,000
Union Pacific........27,230,512
Cent.Br. U .P ...... 1,000,000
Western P acific... 1,970,660
Sioux city A P&C.. 1,038,320

35,420,198
6.572,291
30,302.784
2,168,429
8,255,036
2,522,000

T otal................ 04,028,612

80,820,747

- B o n d s p a id , o r d a te o f m a t u r i t y .—»
A lr e a d y
D u e Jan.

paid.

1,1890.

1,1898.

$

10,614.120
1,423,000
15,919,512
320,000

6,074,000
4,880,000
8,160,000
1,280.000
320,000
............

1,028,320
.................
20,714,000

9,197,006
3,157,000
1,050,500
.................

29,801,95214,001,5

The cash holdings of the Government as the items stood
May 29 we take from the Treasury statement of that
late. The net cash balance given below is the same as de­
ducted above in reaching the net debt.
CASH IN THE TREASURY.

*

G o ld -C o in ...........................................................
6155.107,732 82
Bara................................................................... 20,530.059 42-6181,707,391 74
Silver—Dollars............................................................. 897,611,618 00
10,210,920 08
Subsidiary com .....................
B a r s .......................................................
106.042.401 63— 510,764,957 71
Paper—United States not es...........................
97.832,813 00
Treasury notes o f 1890.............. ............. .
—
29.14",87i 00
Gold certificates............................................. .
1,455,340 00
Silver certificates.. — ...... . — . — . . . . . . . . . . . . 11»570.O90 00
Certificates o f deposit (A ct June 8,1872)..........
TSO.OOQ 00
National bank notes...........................................
7,109.097 8 0 - 147 894,920 86
Other—Bonds, interest and coupons paid, await­
ing reim bursement......................... . — ...............
56,835 70
M mor coin and fractional currency------- ----------1,329.017 09
Deposits in n a il bank depositaries-—gen’ l acot,.. 12,682,645 90
Disbursing officers’ balances...................................
4,069,456 5 7 - 18,129,556 92
$867,496,820 23
DEMAND LIABILITIE S.
*38,843,109
00
Gold certificates.......... .................................
. .
374,3'"
~~
Silver certificates.............................................
374,345,504
00
Certificates o f deposit act June 8,1872................
06.565,000 00
Treasury notes o f 1890............................................. 115,782,280 00-1595,535,953 00
Fund for redemp. o f uncurrent nat’l bank notes
8,000,342 58
Outstanding checks and dra fts...... .
— . .
3.368,933 no
Disbursing officers’ balances................................ . 25.687,665 80
Agenev accounts, & c.............. . — .........................
4,790,118 58— 41,847,060 36
Gold reserve..................................1100,000,000 00
Net cash balance............................ 130.113.8J2 $ 7 . . . . . . . . . . . . . . . . . . . 230.113,812 87
Aggregate..

Aggregate* ........................................... ........... ..$807,496,826 23
Net cash balance In the Treasury April SO, 1897........
Net cash balance in the Treasury May 31, 189? , .............. — . . . .
Increase during the m on th .. .....................

228,096,517 0
230,118,812 87
$2,023,295 85

J one 5, 1897. J

THE

1073

CHRONICLE.

F A IL U R E S B Y B R A N C H E S O F TR AD E .
The following tables heretofore given each month in the
Situation will hereafter appear in this department
Col. W. M. Grosvenor, the editor of Dun's Review, has ofFinancial
Chronicle. The first compilation covers the clearings
kindly furnished us with the following statement showing bythe
months since January 1.
the failures in the United States by branches of trade for
MONTHLY CLEARINGS.
the month of May during the last three years.
Clearings, lstal All.
Clearings Outside New York.
FAILURES BT BRANCHES OF BUSINESS IN MAY.

Month.

1897.

M o n th o f M ay.

1897.

M a n u fa c tu r e r s .
N o.

L ia b ilities .

1896.
N o.

1895.

L ia b ilities.

N o.

Iron foundries and nails..
Machinery and tools.........
Wool’ns.c’rp’ts&knitgoods
Cottons, lace and hosiery..
Lumb,r,carp’nt’rs& coop’rs
Clothing and millinery......
Hats, gloves and furs. —
Chemicals, drugs & paints.
Printing and engraving__
Milling and bakers............
Leather, shoes & harness
Liquors and tobacco.........
Glass, earthenware & brick
All oth er..........................

7
8.
3
3
27
21
2
0
12
7
16
JO
4
73

Total manufacturing...

199

4,599,845

256

4,624,228

190

3,400,901

General stores.................
Groceries, meats and fish .
Hotels and restaurants —
Liquors and tobacco.......
Clothing and furnishing...
Dry goods and carpets___
Shoes. rubbers and trunks.
Furniture and crockery...
Hardware, stoves & tools.
Drugs and paints..............
Jewelry and clocks............
Books and papers............
Hats, furs and gloves.......
All other...........................

77
162
33
73
72
44,
37
25
35
34
16
8
3
7e

331.214
474,541
157.910
492.0S9
687.535
702.713
142.326
234.621
485.147
161.400
107,300
52,007
2 <,500
765,877

78
13*
27
57
54
37
41
16
39
37
16
8
9,
82

498,701
947,651
030,793
402,198
515,609
933.782
248,023
87,130
357,520
3*1,654
10*,544
97,219
331,4 79
1,493,757

90
126
30
67,
63
35]
37
7
33
27
7
10
4
100

1,105,277
062,301
210,927
487,103
457,127
430,299
309*'-83
108,484
342,518
70,000
25,309
104.509
205,294
1,551.074

Total trading..............
Brokers and transporters.

702
35

4,<*39,010
1,830,534

037
24

7,09*,*07
577,353

056
7

0,142,205
681,500

Trad ers.

8
10
9
7
37
86
9
7
14
8
11
10
8
88

$
110,225
582,904
454,300
90,000
504,239
383,310
97,5.-8
222,181
393,423
33,950
284/ 54
89,000
17,928
l,35i,456

16
2
3
6
21
17
6
9
7
9
14
14
4
63

L ia b ilities .

?
679,400
94,709
84,000
517.300
2P5.48P
133,495
87,400
39,500
101,070
109,903
738,54»
248,027
224,300
1,200,106

1896.

$

P.Ct.

1897.

P.Ct

1890.

$

$

$
January .. 4,507,014,723 4,627,143,291 —2-6 1,917,607,391 2,064,729,583 —7*1
February
3,691,475,797 4.115.408.188 -10-3 1,646,345,618 1,742,476,558 -5*5
March.. .. 4,218,269,000 4.145.101.189 +1-7 1,831,159,056 1,828,904,535 +0*1

I
130,038
1st quar.. 12,416,760,120 12,887,772,608 - 3 7 5,395,172,065 5,636,110,676 -2-3
41,400
86,000
83.000 April........ 4,111,001,077 4,302,196,470 —4-4 1,861,834,318 1,903,741,151 —2*5
344.621 May.....
4,173,303,117 4,240,114,540 -1-6 1,858,145,811 1,900/22,747 -2*2
71,*84
369.050
52,700
84,000
179,900
116,309
130,300
BANK CLEARINGS AT LEADING CITIES.
171.105
May.--------------- . — January 1 to May 31.1,570,044

The course of bank clearings at leading cities of the countr y
for May and since January 1 in each of the last four years is
shown in the subj fined statement.

93a 11.319.389 91? 12.296/4“
853 10,227,000
Total commercial.......
Note.—Iron, woolens and cottons include all tne branches o f those manu­
factures; machinery includes implements and tools; lumber includes sawplaning, sash and door mills, carpenters and coopers; clothing includes millinery
and furnishings; hats include furs and gloves; chemicals include drugs, fertili­
zers. paints and oils; printing and books include engraving and maps; milling
Includes baking; leather and shoes Include makers of harness, saddlery, trunks
and rubber goods; liquors include tobacco, wines, brewers and beer; glass In­
cludes earthenware, pottery, brick, lime and cement; groceries include meats
and fish ; hotels include restaurants; drygoods include carpets and curtains ;
furniture includes crockery; hardware includes stoves and tools and jewelry
includes clocks and watches. Brokers Include all real estate, note, insurance
or produce dealers whose main business is not the handling of actual products,
with mortgage and other loan concerns, and transporters include all except in­
corporated railway companies

(000,000*
1897. 1896. 1895. 1894. 1897. 1896. 1895. 1894.
omitted.)
$
$
$
$
$
$
$
$
New Y ork... 2,315 2,340 2,834 2,093 11,587 11,985 11,707 10,050
336
409
430
379 1,651 1,87 7 1,851 1,723
Chicago...
331
352 1,991 1,846 1,872 1,719
403
417
Boston.........
242
270
257
1,242 1,363 1,378 1,217
Philadelphia
293
114
541
107
93
98
491
8t.L ouis. . . .
519
466
55
60
Ban Fran’oo.
54
55
268
278
265
273
299
61
59
301
Baltimore...
53
53
275
278
69
64
314
63
57
326
Pittsburg...
233
268
50
250
53
57
55
250
271
Cincinnati..263
New Orleans
34
33
176
208
27
36
195
192
39
4)
220
211
Kansas City
47
45
207
194
20
17
94
20
97
96
89
Milwaukee..
18
29
129
Louisville...
27
22
26
125
133
132
20
19
17
90
84
Bnftalo........
18
78
73
24
113
25
27
125
125
23
114
Detroit____
32
24
125
139
Minneapolis.
30
118
107
31
22
92
103
19
13
14
89
75
Omaha........
109
107
93
19
23
19
Providence..
19
103
24
19
124
24
25
123
109
93
Cleveland...
10
59
Denver........
12
13
53
57
57
10
62
90
66
8t. Paul.......
20
16
80
14
18
to ta l........ 3,943 4,038 4,626 3,630 19,514 20,181 19,914 17,574
Other oitles..
230 232
232
210 1,189 1,249 1,145 1,036

Clearings by Telegraph.—Salei of Stocks, Binds, <6c.— Total all... 4,173 4,240 4,838 3,900 20,702 21,430 20,959 18,860
Stojk Exchange Clearing-Home Transactions.—The sub­ OatsideNY. 1,358 1,900 2,021 1,807 9,115 9,415 9,252 8.610
joined statement, covering the clearings for the current week, Tne volume of transactions in share properties on the New
Exchange each month since January 1 this ye ar
is usually given on the first page of the Chronicle, but York Stock
year is indicated in the following:
on account of the length of the other tables is crowded out and last
SALES OF STOCKS AT THE NEW YORK STOCK EXCHANGE.
once a month. The figures are received by telegraph from
1890.
the leading cities. It will be observed that as compared with
1897.
the corresponding week of 1898 there is a decrease in the ag­ Month. Number
Values.
Values.
Number
gregate of 19'6 per cent. So far as the individual cities are
<tf Shares
Actual.
Par.
Par.
Actuxl. of Shares.
concerned New York exhibits a decline of 24-l per cent, and
$
$
$
$
the losses at other points are : Biston 22'5 per cent, Philadel­
3/05,412 323.774.750 203,587,4 72 4,535,012 417,301,550 250,445,009
phia 9'8 per cent, Chicago 30’8 per oent. Baltimore 25‘4 per Jan
cent and New Orleans 23’8 per cent. St. Louis records a gain Feb . 2,803,401 206,430,100 171,604.654 5.203,008 492,613,700 300,289,135
of 5'3 per cent. The occurrence of Decoration day in the March. 5,039,916 485.428.750 325,254,505 4,586,579 330,920,000 252,405, 007
week this year accounts in part for the large percentage of lstqr 11,208,729 t,075,033,000 705,416,631 14,325,289 1,290,841,250 809,200 ,471
decrease shown.
April... 3,569.007 335,710,350 229,070,927 4,058,613 372,055,175 250,309,075
W e e k E n d in g J u n e

CLEARIXGS.
R etu r n s b y le le g r a p h .

1897.

New York ................. . ....
Boston
..............................
Philadelphia .........................
Baltimore
........ ..............
Chicago ...... ......................
8t. Louis
............................
New Orleans . . . . . . . ... ...

$410,315,250
00,961.904
57,672,835
11,653,120
66,165,232
20,584,857
4,412,094

May. .. 3,342,035

5.

1890,

P e r O en t.

$540,771,320
86,416,981
63,943,279
15,319,823
95,588,860
19,551,080
5,793,390

-24-1
-2 2 -5
-9 -8
-25*4
-3 0 8
+53
-2 3-8

324,135,850

227.037,329 2,799,013

4 T O 0 K E X C H A N G E C L E A R IN G H O U S E T R A N S A C T IO N S .

1896—

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

$637,766,008
107,491,208

$827,085,333
141,487,023

-22-8
-2 4 0

Total all cities, 5 days ...
All cities, 1 day ...... ... ...

$745,257,276
160,018,491

$969,172,950
156,740,900

-2 3 1
+2-1

1897-

$905,275,707

$1,125,913,856

-19-6

Another table, our usual monthly detailed statement of
transactions on the various New York Exchanges, has also
been crowded off of the first page. The results for the five
months of the current year, are, however, given below and
for purposes of comparison the figures for the correspond­
ing period |of 1890 are also presented.
F iv e M on th s,
D escrip tio n .

P a r V a lue
o r Q u a n tity

1897.

A ctu a l
V alue.

F lo e M on th s,
A ver'ge
P a r V a lue
P r ic e. o r Q u a n tity

1899.

A ctu a l
V a lu e.

iA ver'ge
I P rice.

18,110 "71
21,183.51*
8tock \ l a " : 1173518580') j 1161560787 W 9 j $19:42,008,953 [1253602348 64’9
RR. bonds.. 1110,070,590 $125.2*8,090 78-7
$107,'■‘07,320 $119,773,357 71*3
Gov’t bonds $6,521,4.50
$16,170,050 $18,819,47 1 116-3
$7,014,090 121-4
State bonds
*610,501
$709,357 56-2
$1,369,000
$463,484 56-0
Bank stocks
$13;).01O
$510,330 172-8
$299,100
$241,05.) 173*4
Total.... $19 2 )33350 $1,295128119 08*1
$2118,341,028 $1,393486833 0V8
Cotton, .bis. 11,024,000 $390,153,370 $35-39
10,305,700 $630,100,420 $38-64
Grain.bush. 589,023.3*7 $413,777,601 75^c.
420,792,610 $277,054,8151 00C.
Total value.

$2.129359090

$2401242098!

188,033,302

— Shares, both sides.—, --------- Balances, one side--------. SheetI
Cleared. Total Value, Shares. Value Shares. Cash. Cleared
1,014.200
January.. 15,298.500 907.700.000
February. 17,004,900 1.003.000. 000 1.935.500
March. -. 16.675.000 1.060.000. 000 1.031.500
V2,2)0
1/89.100
93 *.000.000
\pril........ 14.0
1,122,000
May......... 10.291.000 750.300.000

Total all cities for week

203,712,533

The transactions of the Stock Exchange Clearing-House
from May 21 down to and including Friday, Juie 4, also the
aggregates for January to May, inclusive, in 1397 and 1896
are given in tabular form below.

5 mos... 73,932,200 4,837.700,000
12.000.700 778,000,000
10,223,600 709.500.000
18,141,000 1.270.700.000
14 182,000 1.029.200.000
13,050,400 931.800.000

5 mo3... 07,593.300 4,719,200,000

1897May 24 .
" 25..
“ 26..
“ 27..
“ 28 .

-Shares, both sides.—,
Cleared, total Value.
718.400 50.300.000
685.400 47.500.000
819.400 61.700.000
771.400 51.100.000
586,000 38,8 0 >,000

1,445,000
1,364,400
1,452,800
1,233,300
923,800

0,870

6,201

6,811
6,408
5,732
32,148

1,425,500.
1,093,500
L,916,700
1,357,300
1,250,700

45 4,400,000 0,119,3)0
*
$
74.903.000 1.068.900
59.500.000
870,400
113.2)0,000 1,559,200
82.390.000 1.334.900
70.900.000 1,186,000

7.040.700

406,700.000 0.028,400

30,333

8,903,300

$

January...
February..
March......
April.......
May.........

88,100,000
106,300,000
91,000,000
99/00,000
09,100,000

5,90 *
6 ,2 1 8
7,165
8,071
5,919

,------- Balances, one side.-------, Sheets
Shares. Value Shares. Cash.Cleared.
63.900
60,700
71,30)
77,000
60,300

4,300.000
3.600,000
4,700,000
4,600.000
3,400,00o

54,20080,200
74,800
78,700
37,000

296
305
312
307
279

Tot. wk. 3 ,590,600 252,4,0 L oo t 333,700 29,600,000 324,900 1,499
Wklastyr2.3S6.i00185.100,000 245,200 16,600,000 233,400 1,339
May 31........................ .......................HOLIDAY................................. .........
June 1 ..
895,300 57,100,000 1 >1,800 .5,70 >,000 78,890 320
“ 2..
949,100 61,400,000 103,3 10 5,900,009 105,400 318
“
3 . 891,900 55,300,000 105,300 5,7)0,000
74,009 319
“ 4..
757,300 51,309,000
83,100 1,800,000
52,900 317
Tot. wk .3.191,100 233,100,000
Wklastyr2,024,000 141,000,000

393,509 22,109,000 311,100
221,509 13,000,090 167,000

1,274
1,269

1074

THE

CHRONICLE.

|Vol , LX1V,

There Is thus every prospect that the political dangers
Ti- stocks cleared bow are American Cotton Oil common,
\!u u ,*u Spirits common and preferred, American Sugar which seemed so grave a little while ago are about to pass
common American Tobacco common. Atchison common away, and consequently there has been a very marked im­
an-Ctir.'-ferrel, Baltimore & Ohio, Central of N. J.. Ohesa,v ■
Chi •igo Burlington & Qnincy, 0 . C. C. & St, provement up>n the Stock Exchange this week. It begin
t’hie.nro 0as, Chicago Milwaukee & St. Paul common, about three weeks ago, but up to Siturday last it was mainly
1 & North Western common, Chicago Rock Island &
confined to members of the Stick Exchange and outside
P_: ill-4. Chicago St. Paul Minneapolis it Omaha cotn- operators. This week there has undoubtedly been a good
n [-„> I').,'a \v tre it Hudson, Delaware Lackawanna & West; nl
o moral Electric, Like Shore & Michigan South- deal of real investment. The South African market led and
; 1. ,
A- Nashville. Manhattan, Missouri Kansas & 'there has been another very material rise in prices, but all
Xesas preferred, Missouri Pacific, National Lead common, departments have shared more or less.
N,,v. York Central. New York Ontario & Western, New York
The general public is still holding aloof from the American
Sasijnehanna A Western preferred, Northern Pacific prehern Railway common & department, partly because of the utter uucertaiuty respect­
:-is & Pacific. Union ing the action of the Senate with regard to the Tariff bill and
.-iri ■ United States Leather
common
United
partly
becauseand
of preferred.
the new effort
being made by the advocates
S t*;.- Rubber common, Wabash common and preferred. of Cuban belligerency to urge the President to intervention.
W< stern Union and Wheeling & Lake Brie common.
The South American department is also neglected. There
are many failures occurring in Buenos Ayres and other large
towns in Argentina caused by the inability of importing mer­
chants to obtain payment from dealers in the Interior. The
LONDON, S a t u r d a y , May 2% 1897.
losses because of the failure of the crops are very heavy. In
[From our own correspondent,]
Uruguay the struggle between the Government and the in­
In the quiet and concealed struggle that has been going on surgents is still going on. The Government claims to have
betwnn Russia and Germany for some time past for predom­ gained a decisive victory this week, but little credence is at­
inant influence in Turkey, the Czar has won a decided vic­ tached to the telegram in London. There is also a revolution"
tory. for the time being, at all events. This country, France ary movement, as well as a financial crisis, In Venezuela, and
and Italy had been putting pressure upon the Sultan to agree reports from both Brazil and Chili are not very favorable.
to an armistice with Greece, but they were opposed by Ger­
The plague in Bombay is abating, but unfortunately it is
many, and for a while it was thought that Russia likewise spreading in the interior, and every day telegrams arrive in
■was holding aloof. Suddenly the Czar pleaded personally the city stating that the drought in Australia is grow­
with the Sultan in an exceedingly friendly communication ing worse and worse. The lambs have been almost all killed
requesting as a favor an immediate cessation of hostilities. in Victoria, New South Wales and Southern Queensland, and
The Sultan, almost without a moment’s delay, telegraphed there are fears of grave mortality among the sheep.
back that he h id much pleasure in acceding to the wish of
Money is growing cheaper every day. As peace seems to
his Imperial friend, and at the same time issued orders to all be assured the gold demand for the Continent has greatly
his Generals to cease hostilities at once.
fallen off. The Bank of England has received about a quarter
The Czar, no doubt, earnestly desires to prevent useless of a million of the metal this weak, and it is expected that
bloodshed, and it is reasonable to assume that his mother’s in­ further sums will be sent in. The funds iu the market are
fluence weighed o uch with him, the King of Greece being likely, therefore, to increase for some months to com e.
her brother. But the mam motive at all events of his Minis­ Trade, no doubt, is very good, but there is not, as yet, such a
ter- was to counteract the influence of Germany. Why Ger­ demand for banking accommodation as is likely to materially
many bas been eiging on the Sultan is not so easy to under, affect the money market; and though speculation is once
stand. Doubtless it hoped for large concessions from the more growing up, it will be some time before it is likely to
Turkish Government for German capitalists, and as the Em. raise rates. It is true, on the other band, that Japan is about
peror has given important assistance to the Sultan by the loan to raise a loan for the express purpose of introducing a gold
of his officers, lie hoped probably to be able to negative Rus" currency. But then Japan’s borrowing power is not large
-sun predominance. For tbe moment at all events he has re" enough to have any material effect upon this market.
ceived a check. The war is at an end and the general belief
The Indian Government has just borrowed 3JY millions
is that i! recce will not be deprived of any portion of her ter­ sterling at 2 % per cent, hut that loan is rendered necessary
ritory ■ Barren portions, useful only for merely miltary pur­ by the famine and plague in India. The Government has to
poses tn,ay be hauded back, but no Greek population will be spend such immense sums in relief that it is not in a position
surrendered. It is thought iikely also that the Greek fleet to meet very large sales by the India Council, and the Coun­
will tot be surrendered.
cil therefore has borrowed here to complete its payments.
Tbe chief difficulty perhaps will be as to the amount of the But that money, of course, remains in the country, and ex­
indemnity Greece is to pay to Turkey. An interesting calcu­ cept for a day or two will not affect rates. By and by, no
lation is published by a semi-official journal in Vienna, show­ doubt, there will bs large borrowing for other countries, and
ing that the total expenditure of Turkey during the war and if politics smooth down there will unquestionably be large
the loss inflicted by Greek ships cannot exceed a million and issues of companies for all sorts of purposes. Some time must
a-balf sterling, from which it would seem to follow that in pass, however, before even new issues can raise rates
Austrian official circles the opinion is that Turkey ought to materially.
be satisfied with an indemnity of from one and a-half to two
As one illustration of the extraordinary cheapness and
millions sterling. Here and in Franca and Italy everything abundance of money just now, and the unwillingness of the
will unquestionably he done to prevent too great a burden public to invest outside certain limits, it may be observed that
being imposed upon Greece. Russia, it is reasonable to as­ the London County Council offered for tender this week £600,sume, will cordially support Greece, for tbe King is uncle of 000 in the form of six months’ bills, and that the applications
the Czar, and besides, Russia, while wishing to prevent Greece amounted to very nearly 4 millions sterlings. The average
from living so aggrandiz-d as to be a dangerous obstacle in price was £99 8s. 9d., so that the rate of discount was barely
her own path, yet must be anxious to prove to the Russian V /t per cent per annum.
people that she is not sacrificing a Christian nationality. Tne
The silver market continu e weak, and the Iadia CounciL
only doubiful factor then is Germany.
has not sold its drafts well this week. It offered for tender
Furthermore, there seems every reason to hope now that a 35 lacs and sold a trifle over 20 lacs.
The average price
friendly settlement will be arrived at som between this coun­ for the bills was Is, 2 % d ., and for the transfers a trifle higher.
try rind the Transvaal. It had previously been arranged that Apparently the exchange banks are limiting thea-com moa debate on Transvaal affairs should take place last evening, dation they give in India, and are not at all eager to obtain
but on Tuesday Mr. Bdfour, on behalf of the Government, Council drafts. The reserve of the Bank of Bombay has fallen
*ai l that important negotiations were going on, and that it almost as low as it was when the directors put up their rate
was not desirable, therefore, to discuss South African mat­ of discount from 8 to 10 per cent, from which it would seem
ter- .Sir William Hireourt, as leader of the Liberal party, that the Government has been compelled to draw upon its de­
eordi illy ttgre <d. The general inference is that the Govern­ posits very largely or that the difficulty of carrying stocks
ment nop.-s for a satisfactory settlement. It would hardly on borrowed money is becoming serious. At all events it is
ha-, - refute i to discuss the matter unless, at all events, it be- clear that the exohange banks are taking precautions in every
i rsm that thn Transvaal Government is sincerp.
way. It is reasonable to assume that there must be a consid-

L

K

p l o aetarui©o mmercial^ugltslxpeitrs

THE CHRONICLE,

J une 5, 1897,]

1075

1896-7.
1895-6.
1894-5.
1893-4.
erable number of commercial failures, for it is certain that Aver.prioewheat,week.27s.
.
25s. 7d.
22s. 4d.
24s. 9d
owing to the plague and the famine native merchants in the Average price, season.,28s. lid
lOd. 25s. Id.
20s. Od.
25s. l i d
interior are not able to pay for goods delivered to them, and The following shows the quantities of wheat, flour and
in very large numbers have refused to carry out contracts maize afloat to the United Kingdom :
This week. Last week.
1896.
1895.
they had entered into.
Wheat...............qrs... 1,320,000 1,215,000
2,166,000
3,596,000
equal to qrs... 210,000
235,000
269.000
255,000
The “ Railway News ” of London reports the traffic receipts Flour,
for the week ending May 16 of 55 railways of the United Maize.................qrs... 530,000____ 620,000 570.000 289,000
E n g lis h F in a n c ia l M a r k e ts —P e r C a b le .
Kingdom which make weekly returns at £1,639,793, against
£1,564,935 in the corresponding week of last year, an increase The daily dosing quotations for securities, &c. at London
of £74,857. For the twenty weeks of the current half-year are reported by cable as follows for the week ending June 4 :
receipts were £30,809,538, an increase of £916,333.
The following return shows the position of the Bank of
L ondon.
Sat.
Mon.
Tues.
Wed. Thurs. Fri.
England, the Bank rate of discount, the price of consols, Silver, per
ounce.......d.
27%
27%
27%
279,g
279,8 279,8
&c., compared with the last three' years :
11234 112 34 112%
Consols., new, 2% p.ots. 113% 1133s
1897.
20.
£
27,185,185
11,494.22S
39,500,539
13,922,127
28.654,701
26.293,639
36,678,824
51K
2
113 11-16
27%d.
152,987,000

Olrculation.............................
Public deposits................ .........
Other deposits..........................
Government securities. .........
Other securities.......... ............
Reserve of notes and coin.. ..
Coin A bullion, both departm’ts
Crop, reserve to liabilities., p. o.
Bank rate..............
.percent.
Consols,
per cent................
S ilv er.............................. .
Clearing-House returns............

1896.
21.
£
26,073,175
15,637.151
49,262,506
15,260,785
29,496,225
37,993,587
47,266.762
5SK
2
112 7-16
31 l-16d.
172,387,000

1895.
22.
£
25,523,450
9,343,907
84,694,285
13,424,606
19,952.352
28,430,112
37,153,5e2
81K
2
106 1-16
30 ll-16d.
121,272,000

1894.

For account............... 11338 113% 1121316 112%
Fr’ ch rentes (in Paris) fr. 103-45 03-5712 03-8212 0407K
Atch.
Top. & Santa Fe. 11%
lli2
1112
1112
24,760,880
Do
do
pref. 223s
23
23
8,569,900 Canadian Pacific.......... 58^
59 %
59 %
5912
30,390,139
16%
16%
1658
9,894,422 Chic. Milw. <fc St. Paul 77
78%
78K
78K
4012
40%
20,562,368 Deny. & Rio Gr., pref.. 3914
133g
13%
13%
26.296,094 Erie, com m on............... 1234
1st preferred............. 3112
32
32
32
34,256,9 74 Illinois Central............. 96
98
98
98%
67H
169
170
171
2
Louisville & Nashville. 46%
4712
47 %
4712
71
Mexican Central, 4s . .. 7012
71i4
71%
1Q0H
1134
Mo. Kan. fe Tex., com.. 1112
11%
26%d.
N.
Y.
CeiiVl
&
Hudson.
103
102%
10212
102%
104,916,00° N. Y. Ontario & West’n
14%
14%
14 12
Norfolk & rVest’n, pref. 28%
29
29%
No. Pao. pref., tr. recta. 3913
39%
39%
53%
Pennsylvania............... 53%
53%
53 12
10
Phila. & Read., per sh..
934
10
9%
April £0.
May 14
May 7.
South’n Railway, co m ..
8%
9
8K
27 K
28%
28 %
Bank Open Bank Open Bank Open
7%
7%
712
1334
I 3 S4
Rate. Market Rate. Market Rate Market Wabash, preferred....... 13%
2
2
2
ik
m
m
3
3
3
2K
2K
m
3
3
3
2M
2K
2H
3
3
3
2K
2K
3K
3
3
3
2K
2K
m
overnment evenue and xpenditures
3
2
3
2
3
2
4
4
3*
4
8%
3«
6
0
0
5K
5«
5K
4
4
4
5
6
5
4
4
4
4
4«
G4
M ay

M ay

M ay

M ap 23.

The Bank rate of discount and open market rates at the
chief Continental cities have been as follows:
May 21

Rate* 0 1
Interest at

Bank j Open
Rate. Market

Paris... ........
Berlin............
Hamburg......
Frankfort......
Amsterdam....
Brussels........
Vienna.........
8t. Petersburg.
Madrid...........
Cooenhaaen...

2

m
2ii
2*
I 2*
1 m
| 2
3«
! 5H
i

3
3
3

i

3

3
4
6
5
4K [

4

4«

Trade Bill*.

receipts

9

%

29%
7%
14%

The quotations for bullion are reported as follows:

t
t
1
1
*
12,157 14,303 370 2,509 29,399
12,330 11,961
23 1,271 25,585
11,374 11,679
66 1,531 24,050
11,251 13,475
89 2,538 27,353
9,930 13,105 958 2,175 26,108
10,779 13,199 1,222 1,880 27.C8Q
11,091 10,625 3,000 2,719 27,441
11,587 10.888 3,201 2,150 27,826
22,834 11,920 1,748 1,458 37,960
24,538 11,520 1,242 1.900 39,200
16,885 10,673 2,202 2,239 31,999
154,756 133.354 14,127 22.490 324,727

Cus­ Inter ’/ N.Bk.
Red’p.
toms. Rev’ue Fund.

11

-c

I

3

I

Messrs. Pixley & Abell write as follows under date of
May 20:

1895-90

Cus­ Inter\ N.Bk.
Red’p. Misc'i Total.
toms. Rev’ue Fund. Srce*

a ej

Four

(000s omitted).

1896-97.

Disc’t H’se

Three Four
Sir
Stock At 7 to 14
Six
Month» Months Months Months Banks. Call. Days
1
Apr. 23 2K 15-16 IK
H 1
IK 1K®3
IK
July....
30 2% *
1
K 1
l « 1K®2
IK ik « ik iwaiN
Aug....
11-16
1
K 1
ay 7 2K 1
IK
IK
IK
IK
Sept—
14 2 K-16-10 K-15-16 iKaiK
K H
IK
K
IK
IK
Oct..
..
'* 21 2
K
K-15-16 1« 1K@1K 1M®K
X K
K
Nov....
* 1 5-16@-lKDec__
Jan.....
Feb....
Gold—The Continent continues to purchase all parcels arriving in March..
this country, and of the £232,000 received by the Bank, the bulk is April...
an arrival o f sovereigns from the Cape. £14,000 has been sold for May....
the Continent to-day. Arrivals: South Africa, £399.000; Chili, £3,000;
Australia, £376,000; Bombay, £45,000; China, £37,000; total, £860,- 11 mos.
000. Shipments to Bombay, £25,500.
Silver—With no selling pressure from New York, the price rose to
281 isd. and remained unaltered for three days. America then sold
freely and the market has fallen rapidly to 27 Kd. The Indian price
to-day is Bs. 7814 per 100 Tolahs. Arrivals; New York, £163,000;
Chili. £46,000; Australia, £2,500; total, £211,500. Shipments to
Bombay, £37,100.
Mexican Dollars—A few coin were placed as high as 27%d.; but in
eonsequenoe of the fall in silver the nearest rate is now about 27d.
July....
Aug...
Sept....
G old .
May
May
May May
SlLVEK.
Oct......
London Standard.
London Standard.
20.
13.
20.
13.
Nov....
d.
d.
t. d. 8. d.
Dec..
Bar gold, fine___oz. 77 11% 77 11% Bar silver, flne...oz. 27K 27%
Jan.....
Bargold.parting.oz. 78 0 77 U K Bar silver, oontain’g
Feb....
Spanish, old........ oz. 76 O'* 76 O'*
do 5 grs. gold.oz. 28
283s
do 4 grs. gold.oz. 271316i28316 March..
New.................. oz. 76 IK 76 IK
27=8
Apnl...
28
U.S. gold coin...oz. 76 5K 76 5K
do 3 grs. gold.oz.
Oerm'n gold coln.oz. 76 3K 76 3% Oake sliver......... oz. 29% 301i8 May....
French gold ooln.oz. 70 3K 76 3K Mexican dollars.oz. 27
2718
11 mos.
Three

48%
71K
12
102 %
14%
29%
39%
53%
9%

G
R
E
.—Through the
courtesy of the Secretary of the Treasury, we are enabled to
place before our readers to-day the details of Government
receipts and disbursements for the month of May. From
previous returns we obtain the figures for previous months,
and in that manner complete the statement for the eleven
months of the fiscal years 1896-97 and 1895-96

Interest allowed
for deposits by

Open Market Rate*.
Bank Bill*.

«

L13
104-20
n%
23%
62 K
17%
79
40%
13%
32
98K

©mnntercial ami J^tisceUatiecms Hews

The rates for money have been as follows :
V.

112 %
04-22%
1134
23%
60
18
79%
40%
13%
32K
99
171%
48%
71%
12
102 %
14%
29%
39%
53%
10
9%
29%
7%
14%

Total.

t
$
$
*
<
14,077 12,898 182 2,094 29,251
12,172
356
15,039
1,142 29,309
14,654 12,260 476 030 28,026
14,347 13,704 487 1,010 30,208
11,455 13,040 610 1,491 26,590
12,109 12,751 362 1,369 20,051
17,375 11,170 433 2,391 31,375
13,900 10,807 992 1,346 27,051
13,344 11,530 341 1,101 26,383
11,200 11,202 178 2,083 24,729
10,950 11,550 235 2,144 24,879
149,182 133,150 4,652 17,407 304.457

DISBURSEMENTS (0008 Omitted.)
1896-97.

1895-90.

Ordi­ Pen­ In­ N.Bk.
Red’p. Total.
nary. sions. terest. Fund
$
t
$
22,277 13,101 6,710
20,308 12,306 2,038
14,671 11,486 423
18,588 10,340 5,033
1C,885 13,170 3,107
11,804 11,431 487
12,904 10,542 0,765
12,030 13,208 2,958
14,580 12,167 457
15,707 10,764 5,002
13,042 12,304 3,074
174,215 131,014 37,644

t
*
783 42,871
482 30,184
450 27,030
461 34,429
888 34,140
890 24,702
885 31,156
1,108 29,904
1,176 28,389
914 32,987
1,733 30,843
9,770 352.043

Ordi­
nary.

Pen­ In­ N.Bk
Red’p' Total.
sions. terest. Fund.

1
«
*
$
%
18,485 12,755 7,308 974 39,522
18,437 12,302 1,849 047 33,235
13,316 10,708 296 935 25,255
17,434 11,891 5,168 599 35,092
12,865 12,235 2,099 1,099 28,298
14,125 11,367 322 919 20,733
15,423 9,907 6,985 1,119 33,494
12.104 12,317 2,268 1,103 27,852
14,892 11,710 072 912 28,186
13,780 10,078 5,1U 084 29,083
12,803 12,804 2,820 1,115 29,542
163.724 128.134 34,928 10.106 336.89

The following shows the imports of cereal produce into
the United Kingdom during the first thirty-seven weeks of N a t io n a l B a n k s .—The following information regarding
the season compared with previous seasons:
national banks is from the Treasury Department:
IMPOSTS.

1896-7.
Imports of wheat,owt. 48,092.550
Barley.........................17,095,950
O ats............................11,846,080
P ea s........................... 2,395,965
Beans.......................... 2,048,100
Indian corn................ 44,554,480
F lou r.......................... 15,536,660

1895-6.
46,301,470
17,233,420
9,462,890
1,916,360
2,475,232
31,785,970
15,023,290

NATIONAL BANKS ORGANIZED.

1894-5.
49,908,566
19,574,124
9,859,927
1,747,999
3,168,902
18,123,314
14,145,120

1893-4.
42,094,431
23,938,222
9,126,283
1,823,086
3,870,006
24,376,358
13,730,379

Supplies available for consumption (exclusive of stocks on
September 1):

1896-7.
1895-6.
1894-5.
1893-4.
Wheat imported, owt.48,092,550 46,301,470 49,908,566 42,094,431
Imports of flour....... 15,536,660 15,023,290 14,145,120 13,730,379
Bales of home-grown. 19,360,039 11,770,612 16,332,656 17,387,460
Total..................... 82,989,249 73,095,372 80,388,842 73,212.270

5.070— -The Southern Illinois National Bank of East St. Louis, Illinois.
Capital, $100,000. Benhard Yoch, President; Anthony Isch,
Cashier.
5.071— The Middlesex County National Bank of Winchester, Massa­
chusetts. Capital, $50,000. Lewis Parkhurst, President;
Charles E. Barrett, Cashier.
5.072— The Adirondack National Bank of Saranac Lake, New York.
Capital, $50,000. Richard H. McIntyre, President; John F.
Neilson, Cashier.
LIQUIDATION.

3,360—The First National Bank of Arkansas City, Kansas, has gone
into voluntary liquidation by resolution of its stockholders
dated February 4,1897.
3,704—The First National Bank of Merrill, Wisconsin, has gone into
voluntary liquidation by resolution of its stockholders dated
March 27,1897, to take etteot on that date.

I’HE CHRONICLE.

1070

r.t National iiank at Romeo, Michigan, has gone Into
I’oai.ta'too by revolutioaof its stockholders dated
, to take rtfvel May >, 1697.
*',*n tta.it!f 4o SatUiuul Rank o f St. Cloud. Minnesota,
teio votu eu rr Hauida too, bv resolution of ita
!,
r* dated Am u0. to97. to take effect Abril 20,1*397.
National Hank of Hillsboro, Oregon, has gone Into
t*ry l.qutlaUon. by resolution of it* stockholders dated
it 17, 1,4*7. to take effect May !, 1897.
National Bonk, Exeter, Nebra*ka, baa gone Into
JU17-TU* K ,,
ttatv Hqat lotion by resolution of Us stockholders dated
29, 1897, to take effect April 30, 1897.
•
National Bank of Deliver. Colorado, has gone Into
4 ,< w * -n
■ : v liquidation bv resolution of its etookboldets dated
4 * 0 31, tao7, to take eftoet on that date.
3.13 i-T b e 11 trv River* National Bank, Three Rivers, Michigan, lias
> lota voluntary liquidation by resolution of its stockdvr* dalvd April 27,1897, to take effect at that date.
haunts .'dtiniiai
National UHU»t
Bank, vuuuutv,
Chnnute, Kansas, has gone into
*.036—Tb I( iiSUUil*
iictmry liquidation by resolution of its stockholders dated,
May 5, 1897, to t ike effect on May 6.1897.
,!.72f.- I V y a n d o t t e National Bank of Kansas City, Kansas, has
4-or, mto voluntary liquidation hy resolution of its atookhoidol* dated Ap li 13,1897.
4.S3*—1 he Anderson County National Bank of Garnett, Kansas, has
joa v Into voluntary llqt idation by resolution of ita stookhoiders dated April S ,189 7, to take effeot on that day.
* 332—The National Bank of the Republic of St. Louis. Missouri, has
gene Into voluntary liquidation by resolution of its stooknoidere dated May 17,1897, to take effeot May 18,1897.
INSOLVENT.
1,410—The For! Stnntrll National Bank of Romo, New York. R H.

[V ol, LXxV

EXPORTS AND IMPOSTS OP SPECIE AT NEW VO UK

Mxporte.

Gold.

IVecfc.

Germany............... .

$979,660
9,163,072
6,420,000
464,592

$2,850,000

13*2,936
200

*11 other oonntries.
Total 1897........
Total 1806........
Total 1895........
Silver.

Im g a r it.

Since Jan.l.

$2,850,000 $17,161,080
3,934,780 34,754,293
173,200 34,374,749
Sxporli.
Week.

Since Jan.l.

AH other oonntries.

$853,423 $18,379,840
638,000
5,750
139,848
1,081
500
18,835
060

Total 1897........
Total 1896........
Total 1895........

$854,504 $19,182,939
1,143,171 21,578,006
921,385 13,850,331

Great B ritain........

Week.

Since Ja n .l.
$112,606
10
1,002,744
51,904
243,826
161,738

$14,988
879
24,545
4,200

$44,612 $1,572,688
35,880 18,154,439
244,840 20,097,663
Imports.
Week.

Since Jan. 1.

...........

$2,022

$2,575
15,216
128,172
91

1,000
75,624
522,690
449,589
25,059

$146,054 $1,076,584
991,711
20,-86
32,277
622,897

—The officers of the Colonial Trust Co. are as follows : Ros­
well P. Flower, President John E, Borne, Vice-President;
Chas, C. Dickinson, Vice-President; James W, Tappin, Secre­
tary; Arpad S. Grossman, Treasurer; Edmund L, Judson,
Assistant Secretary,
The following constitutes the Executive Committee: John
E. Borne, Chairman; Theodore W. Myers, Henry O Havemeyer, Cord Meyer, Lowell M, Palmer, Percival Kuhne,
Roswell P. Flower.
CHANGE OP LOCATION AND TITLE.
The company have temporary quarters at 3) Broad Street.
4,475—The First Nations! Bank of Webb City, Mo. Location ohanged They will occupy their new offices in the St. Paul Building,
to CartervUle, Mo , and the title to The First National Bank
corner Broadway and Ann Street about July 1,
of CartervUle, April 1,1897.
Ochnaob by Onited STATES Mints,—The following state­
ment, kindly famished us by the Director of the Mint, show* City Railroad Securities—Brokers’ Quotations,
lh a coin a ge at the tuinisof theUnited States during the month
of May and for the five months of 1897.
Bid* Ask.
Bid*
Huntington appointed Reooiver in place oi D aniel G. Grifna
id. , ea‘ od), to take effeot April 16, 1897.

3,334-The Hailes National Bank, Dalles City, Oregon, was, on May 7,
1697, placed in the hands of Charles Clary, Receiver.
3,806—The First National Bank of Spokane, Washington, Augustus D.
Lynch appointed Receiver in ulaoe of P, Lewis Clark (re­
signed!, to take effeot May 7, 1897.
2,476—'The Northwestern National Bank of Great falls, Montana,
James T, Stanford appointed Receiver in plaoe of James B.
L: rear (resigned), to Like effect May 14,1897.
4,732—The City National Bank of Gatesvllle, Texas, was, on May 29
1897, placed in the hands of Thomas M, Thornton, Receiver

Fite llonthB 1897.

Afay.

BenoimnaHon*,

Value.

-Piece!.

84.000
62.000
432,990

$
1,680,000
620,000
2,164,950

*
1,804,209 36,084,180
581,968 5.819,680
6 .8 257 3,091,285

10,000

34,000

Stott* gold. . . . . . . . .

588,990

4,489,950

3,015,044 R5,021,670

dollar*....
Hail dollar*.............
Quarter dollar#....*
ihme#......... ...........

1,400,000
180,000
360.000
200.000

1,400,000
90.000
90.000
20.000

7,352,250 7,352,250
594,250
297,125
1,599,067
399,767
1,881,094
188,109

Total silver..........

Pieee*.

Double 6»*1m ........
«**le*........... .........
Bau «»*!»>«............

10,610

Valut

20,525

2,110,000

1,600,000 11,126,661

8,237,251

fiv e cent*.............
Ob * (sent................

1.270.000
4.563.000

63,500
5,326,713
45,630 17,648,971

266,335
176,490

Total minor........

6,833,000

109,130 22,975,684

412,625

Total coinage . . .

8,501,991

0,199,080 37,417,389 53,701,746

In addition to the above, there were coined 60,017 Ten
Cotone piece* of the value of $279,391 81 for the Government
of Cotta Rica.
I mports and E x p o r t s for t u b Week.—The following are
the imports at New York for the week ending for dry goods
May 27 and for the week ending for general merchandise
May 28; also totals since the beginning of the first week in
January.

POSKtON IMPORTS AT NEW YORK.

f o r *£#&&.»

j

M$8%£S4 0
Dry good*
TstSki %%wi

1897.

1896,

| $3,074,839
j
8,017,047

p ff
©•a*

|

f t , 175,012
5.485,885}

1895.
$1,947,952
7,835,818

1894.
$1,218,591
7,509,993

j $11,692,786

Allan. Ava., B’llyn—
104
Con. 5a, g„ 1931..AAO
80
Impt. 5e, g„ 1934..J&J 5177
33
Bleak. St.dt Pal.F.—8tk. 30
1st mort., 7s, 1900. J AJ $106 108
B’ way A 7th Ave.—Btoo jl. 200
i.stmort.,5a} 1904. JAD 1 0 0 109
2d mort., 5s, 1914. JAJ 110 112
B’way 1st, 5is,gu&r.l924 .115 118
2d Sa.inUas rent’1.1906 $104 108
Oonsol. 68,1943„._JAD 118 llSHi
Brooklyn City—Stook,.,. 180 181
Oonsol. 5a, 1941...JAJ 1 1 o 52 116
Bklyn. Orosat’n 5a. 190S 103 105
10S
Bfcrn.Q’nsCo.ASub.lBt
Bklyn. O. AN’ wt’w n - Btk i i
58, 1939...*...... — ....... $110 112
Brooklyn RapM Transit. 18*9 20
5s, 1 9 4 5 ..,............ A&O
73
Central Croaatown—8tk. i i s‘
1st M..6s. 1922...MAN 3115
Oen. Pk. N. AE.Riv.-8tk.
165
Oonsol. 7s, 1902,.*JAD i?i 115
Oolumhua & 9t!i Ave. 5a. 11G34 117*3
Ohrist’p’r A 10th S t-Stk. 155 160
1st mort.,1898 __„AA0 101 103

154^ 155
115 116At

*101

Eighth
Cightn Avon ne—Stock.. 305
Scrip, 0a, 1914......... 100 105
42d A Gr. St. For.—Stool 320 340
42d St. Man* A St.N. A ’?
1st mort. 0s, 1910.MAt *110
2d mort. income 6s. J A,
06 4l
Kings Co. Trae.—Slock.. 38
40
Eex.ATe.APav.Ferry 6s 1103* 117*4
Metropolitan Traction.. 107*4 10734
Nassau Elec. 5s, 1944---95 j
N-Y* A Queens Co.SfU 946
il5*‘
Steinway 1st 6s,’22. J AJ
Ninth Avenue—Stock..
170
135
Second Avenue—Stock.
1st mort., 5a,1909.MAI
109
Dehentureos.lSOB.JA.'1
Sixtli Avenue—Stock....
155
Third Avenue—Stock...
1st mort., 5s, 1987. J A j
Twenty-Third St.-S t’k
103
Deh. 6s, 1908...... .
108
Union Ry—Stock.........
1st 5s, 1942................
103
Westoheat’r, lat.gu.,58.

lii

5 And aoorued interest.
9 a a S e c u r it ie s — B rok ers’ Q u ota tion s.
CAS COMPANIES,

Bid*

GAS COMPANIES.

B’klyn Union Gas-Stock. 104 ^ 100
Bonds ......................... . i l l 34 .......
Central........... *........ — 195 ......
Consumers’ (Jersey City), 75
80
Bonds........................ 101 103
Jersey City A Hoboken.. 185 195
Metropolitan—Bonds.— 105 ----Mutual (N. Y. ................ 243 250
N. Y. A East Riv. 1st 5s.. 110 111
P referred ........------* 97 97
Common— .......
59
01
Oonsol, 5 s .............. -- 103 104

Bid. Ask

Peonies’ (Jersey City).., 100 170
Williamsourg 1st 0s*...,
Fulton Municipal 6s....,
Equitable...................... . 215 217
Bonds, 0s, 1899..,....., 103 105
8t, Paul................ ......... 49
52
Bonds, 5s................. .
77
70
Standard pref............... . 120 122
104J* 105*21
Common................... .
00 68
Western Gas................
94 tj 95 J*
Bonds, 5 s .................

Auction Sales.—Among other securities the following, not
regularly dealt in at the Board, were recently sold at auction
B y Messrs. Adrian H. Muller Sc Son ;

$0,600,897) $9,833,770 $8,728,584
Shares,
!
728,04$ *53,383.1511 $03,457,587 $36,343,020 80 Nat. Broadway Bank.......233
*j 170,010,89$ 148,758,059) 148,475,162 143,035,930 49 Third Avenue RR. C o.....151
v f231,733,406
>$211,932,749 $180,028,956

The imports of dry goods for one week later will be found
Thu following Is a statement of the exports (exclusive of
from the ix>rt Of New York to foreign ports for the
week ending May 81 and from January 1 to date

J>. D. S. B. A Bat’v-Stk
l»t, gold,
•Id, 5s,
51 193a.JA)

g a w k in g

a n d

Shares.
5 Guaranty Trust Co............. 411%
8 Bank of New York, N. B. A .234^
f in a n c ia l.

U) our rep ort o f th e d ry g o o d s trade.

*1*0*7* PRO* NEW TOUR FOR TUB WEEK
1887*
Wm r n wrni,.
p w . m pm *&

1886,

1894.

BANKERS
11 & 1 9 P IN K S T R E E T ,
65 Staie Street, Albany.

NEW

YOUR.

INVESTMENT SECURITIES.

#0,160,502 $3,474,034 $6,449,714
100,870,441 135,707,735 116,203,512
a*ouo* Barclay Moifat ,
A l k a n d s k m . W hit*, J r
Tola! 21 week* |163r8§i,02i ;#157,042,006 fl39, 181,8101^152,713*236
M o f f a t
& W
h i t e ,
Th
■tal
hows the exports and Imports of specie
at th
)f Nt
;>rk for the week ending May 29 and
BANKERS,
i i
tin e s
tnd for the orresponding periods in N O . 1 X A $ 9 A G S T R E E T ,
N E XV Y O R K ,
<
l?7!n7Ȥf$i

ii

1895.

Spencer Tr a sk & Co.,

INVEs

110 E N T

SECURITIES.

THE CHRONICLE.

J une 5, 1897.]
■

...........

g lu e

%

m

k t v $ 7

d im ttje .

D I V I D E N D S .
Name o f Company.
R a ilr o a d s (S te a m ).

Boston & Albany (quar.)........... |
Boston & Lowell ........................ |
Chle. A East III. pref. (quar.)__
Chic. <k Nortliwest, com ..........
“
“
pref. (quar.)
Chic. & West. Indiana (quar.)...,
New York & Harlem...................
8t. Louis & San Fran. 1st pref...

Per
Cent.

TThen
Payable.

Books closed.
(Days inclusive.)

1077

premium; New Orleans, bank, $1 50 premium; commercial,
25c. premium; Chicago, 70c. per $1,000 premium; St. Louis,
75c.@$l 00 per $1,000 premium.
United States Bonds.—Sales of Government bonds at the
Board include $151,000 4s, coup., 1935, at 123V to 124 U$50,000 4s, coup., 1907, at 112% to 113, and $1,500 4s, reg.,
1907, at 110%. Following are closing quotations:

2
4
1%

June 30 June 6 to June 30
Interest May May J une J une June June
July
1 June 6 to June 12
Periods 29
31.
1 . | 2.
3.
4.
July
1 ----------t o ------------2
s
,....................
reg.
Q.-Moh.
*
96
*
96
*
96
96
*
96
6 June 10 to June 24 4s, 1 9 0 7 .._____reg. Q.-Jan. *111
1103s *llOie
*xllO *110
is , 1 9 0 7 .......coup. Q.-Jan. *112^
1*9 ------ *11214 *11214 '11234 1125s
4
July
1 June 16 to July 1 is, 1925............ reg. Q.-Feb. *123
*123l<3 *12312 '1235s *1237&
2
f
----------to -----------48,1925.......cou p . Q.-Feb. *123
123% *12313 121 I 1241s
Q
S treet R a ilw a y s .
5s, 1904............ reg. Q.- Feb. *11314
i-i *113*41*11314 *1134: H I 314
Buffalo Ry. (quar.).... .................
1
June 15 June 11 to June 15 5s, 1904..........coup. Q.-Feb. ; 113i4
*11314 *11314 *11334 *11314
Chicago City (quar.)....................
3
June 30 June 22 to June 30 6s, our’ey,’98...re~g. J. * J. *104^
*x01%*101% ♦lO m *10114
§
^ U c e iia n e o n a .
6s, onr’oy,’ 99...reg. J. & J. *10714
*x 1414*104% 104 14 *10414
Chic. J. Rys. & U. Stk.Yds (oom.)
4s, (Cher.)1898.reg. March. *101i4
*101% *101% 101i« *10113
July
1
June
15
to
July
1
“
“ pref. (quar.)
4s, (Cher.)1899.reg. March. *10114
: *101%!*101% • I d ' s *1 0 1 1 3 .
Commercial Cable (quar.)..........
1 June 20 to July 1
i% July
* This Is the prioe Old at the morning Board, no sate was made.
4
DonniDion Coal, Ltd., pref..........
July
1 June 19 to June 30
2
Heck.-Jones'Jewell Mill pf. (qr.)
June 15 June 9 to June 14
Maryland Coal pref....................
2
July
1 June 17 to July 1
Quincy RR. Bridge......................
$5
July
1 June 22 to June 30
Spirits Distributing 1st pref. .. $1-75* June 15 fune 11 to June 15
Balances.
2
United States Rubber pref...... .
July 15 July 1 to July 15 Date.
Receipts.
Payments.
Coin.
Ooin Cert's. Currency,
' Payable on full shares.
t Date of payment not yet fixed.

United States Sub-Treasury.—The following table show*
the daily receipts and payments at the Sub-Treasury:

W A L L STREET, F R ID A Y , JUNE 4, 1 S 9 7 -5 P. M.

9
May.29 2,095,928
2,570,041 134,645,686
1,392,852 65,868,680
“ 31 .
(DECORATION DAY) HOLIDAY. I
June 1 2,397,961
2,240,720 134,674,863
1,459,158 65,936,438
“
2 2,265,532
1,358,919 66,200,523
2,729.665! 134,040,893
“
3 2,019,895
3,109,084 133,081,047
1,580,657 65,849,442
“
4
3,286,131
3,298,851 132,572,593
1,700,603 66,225,225

The Money Market and Financial Situation.—The
more favorable sentiment which was referred to last week
as prevailing in Wall Street has been augmented by recent
publio utterances of the Secretary of the Treasury affirming
that at the proper time the currency question will have Total 12,065,4471 13,948,361
official attention. We recall no single event since the elec­
tion which has so much encouraged the hope of future Coins.—Following are the current quotations in gold for
activity and prosperity as these words of Secretary Gage. coins:
They have alto made a favorable impression abroad, and it
$4 87 ®$4 90
Fine silver bars.. —e o ^ » — 60%
is reported that American securities are receiving more at­ Sovereigns..........
Napoleons........... 3 87 © 3 90
Flvefranos...........— 93 « — 95
Belohmarks. 4 79 © 4 84
Mexioan dollars.. — 47ki® — 49
tention in London as a consequence. To this must be added i X25XPesetas...........
77 © 4 81
Peruvian sols.......— 43 © — 45
as a helpful factor the progress which is being made with Span. Doubloons.154 50
©15 70
English silv er.... 4 86 © 4 90
he tariff bill in the Senate.
Mex. Doubloons.15 50 ©15 70
There are a few additional cases of what are called favor­ Fine gold bars... par ©% prem. D. S. trade dollars — 60 © — 75
able railway earnings, but it should be remembered that State and Railroad Bonds.—Sales of State bonds at the
comparisons are being made with reports which were excep­
are limited to $3,000 Tennessee settlement 3s at 83
tionally light, and are therefore liable to be misleading. As Board
Alabama Class B at 107%.
a matter of fact present earnings are generally below the andThe$3,000
bond market has felt the effect of increased
average for a series of years. Bains in the Northwest this traffic railway
reported from some parts of the country, together
week have improved the prospects of the spring-wheat with the
prospects and more hopeful feeling which is
crop, which, according to reports from all sources, are now manifest better
in nearly all departments of activity. The volume
most excellent.
has been steadily increasing through the week,
The gold export movement is limited to $1,150,000 for the of business
in most cases there has been an advance in quotations.
week, including $500,000 whioh has been engaged for tomor­ and
advance amounts to 1 per cent or more in the At­
row, and is without significance. The money market re­ This
chison issues, Chesapeake & Ohio gen. 4%s, Central of New
mains almost s’agnant, and rates have b?en at about the Jersey
5s, Erie general lien 3s, Fort Worth & Denver City
lowest of the season.
Ists,
Missouri
Kansas & Texas lsts and 2ds, Reading,
The open market rates for call loans on the Stock Exohange Wabash lsts, and
other less active issues. In addition
during the week on stock and bond collaterals have ranged to the above transactions
been relatively heavy in
from 1 to 1W Per oent. To-day’s rates on call were 1 to 1% Erie prior 4s, Milwaukee &have
St.
Paul,
Rook Island, North­
per oent. Prime commercial paper is quoted at 8 to 4 per oent. ern Pacific, St. Louis & San Francisoo,
The Bank of England weekly statement on Thursday Aransas Pass and Southern Railway bonds. San Antonio &
showed a decrease in bullion of £505,518 and the percent­ Railroad and Miscellaneous Stocks.—The more hopeful
age of reserve to liabilities was 50-55, against 51'54 last tone which characterized the stock market last week has
week ; the discount rate remains unchanged at 3 per cent. increased, for reasons mentioned above. As a consequence
The Bank of France shows an increase of 13,575,000 francs
the outside public are taking a little more interest in Wall
in gold and 1,375,000 francs in silver.
operations and there has been some good buying of
The New York City Clearing-House banks in their statement Street
which removes them from the market. The rail­
of May 29 showed an increase in the reserve held of $1,484,300 securities
way list has responded to these favorable influences by an
and a surplus over the required reserve of $46,616,100, against advance
which averages nearly 3 per cent in the granger
$45,998,950 the previous week,
group and is especially pronounced in Burlington & Quincy,
which has been the most active stock on the list and
1897.
D ifferent
1895.
1896.
gained 3% points ; Illinois Central, Lake Shore, Reading 1st
May 29.
Prev. week.
June 1.
Hay 29.
preferred, Atchison preferred, Central of New Jersey, Dela­
%
9
9
1
9
Capital................ 60 022,700
...............
1 61,122,700 62,622,700 ware & Hudson, Louisville & Nashville and Southern
Union Pacific has been unusually
Surplus............... 74.861,0X1
..............
74,138,800 71,951,500 Railway preferred.
Loans & dlso’nts. 507,509,700 Inc. 2,557,400;475,156,400 502,547,200 active and gained nearly a point. Cleveland Cincin­
Circulation........ 14,329,000 Dec.
76,8001 14,605,100 13,256,200 nati Chicago & St. Louis and the coal stocks were
Net deposits....... 575.600.000 Inc 3,468,600 498,874,100 566,229,400
Specie.................. 68,979,200 Inc. 083,700 62,456,000 70,641,000 the principal weak features, the former on the ques­
Legal tenders__ 101,536,900 Inc. 800,600j 84,493,200 112.137.600 tion of future dividends and the latter simply continued the
Beserve held...... 190,516,100 In c.1,484,300 146.949,200 182.778.600 movement which has been in progress for several weeks
Legal reserve..., 143.900.000 Ino. 867,150 124,718,525 141,557,350 past. To-day, however, there has been a change ; Central
of New Jersey advanced 2 points and Delaware & Hudson
Surplusreserv e 46,616,100,'ino. 617,150 22,230,675 41,221,250
about 1 point. The internationally listed shares have been
Foreign Exchange.—The foreign exchange market has in demand to some extent for foreign account, and St.
remained steady through the week and is unchanged in gen­ Paul, Louisville & Nashville, Southern Railway, Union
Pacific and Atchison have been stimulated by this feature.
eral features.
To-day’s actual rates of exohange were as follows: Bankers, The miscellaneous list has been neglected because of the
increased interest in railway shares, Chicago Gas being the
sixty days’ sterling, 4 85%@4 86; demand, 4 87@4 87
exception. This stock advanced sharply when it was reoables, 4 87^(H4 87%.
on Thursday that the Consolidation Bill had
Posted rates of leading bankers follow :
Eorted
ecome a law, and its future seemed likely to be less
precarious than its past has been. American Tobacco, Tenn.
Demand.
Sixty Days.
June 4.
Coal, Iron & Railway and National Lead have substantially
4 88®4 88Js
Prime bankers’ sterling bills on London.. 4 86ifl©4 87
advanced. The sharp 3%-point decline in United States Rub­
4 8514®4 85is
ber common stock and the 6-point break in the preferred on
........
4 84%®4 85
5 iei3 16-5 167s 5 1415i8®5 15 Thursday was due to the formal announcement that the di­
Amsterdam (ganders) bankers................ 401ie®40i8
iOhs'a’dOSs
rectors had reduced the rate of the dividend on the preferred
Frankfort or Bremen (reloh marks) b’kers 95ha®95>4
959is ©9558
stock to 2 per cent semi-annually, as against 4 per cent paid
The following were the rates of domestio exohange on New since the opening of 1894. Reduction in price of the com­
York at the under-mentioned cities to-day: Savannah, buying pany’s goods and general trade depression are officially as­
1-18 discount, selling par ; Charleston, buying par, selling % signed as the cause.

THE CHRONICLE.

1078
f i kw

YOBK STOCK EXCHANGE—A C T I V E

S T O C K S f o r week en d in g J U N E

[V o l . LX1V.

4,

an d sin ce J A N .

HIGHEST AND 1/iW KBT PRICES.
Monday,
M*V 31.

Mm f®
io%

le v

.

50
*40
Iff
Of
”
T$V
| p 4 % 134%

107% 107%!
155 155 !

66%!
59%!

m\
59

*140
34

145
77%

**«% ** 3%

i o i ’% 104%
*147 148 |

*39 |

*
13% 12 %
31

31

*10% . . . . . .

*31
*120
05

25 I
125 1
07%
6%
25 I

,*6
14 !
*18
*00 62%
$165% 108%
*20

*40
50 |
45% 48%
85% 85%!
*100% 107 |

' 17% ' l l

I

*77% 79%
•46% 48 !

11% 11%

29
29 %i
14% 15 ,

*10% 20
100 %

*11
60

37

100%'

13
75
28%
■ & " 169 I

8%

14%

20%

no

13%
3*%

14%'
6 %:
20 % '
11 |

2« ■
38%
17 j
13%

*n
43 4S
*1*
12 %!
47
• 4
19%
:•«t%
&% 42
35

25

!

*417% 119
*60
62%:

5%
-441* 44%
15%
3%

15%

3%

7% 228%!
*15

97 I

‘ 70

120 i
14%:
14%
6%
28%
jH
u
#% 97 !
*1% 1%
13%V;
8%
31%
:

*118

Tuesday,
June 1.

5

10%.

118 '‘it 1 1
104% 14

. 159
<W%;‘
1 10%
! 83%

'

11% 11%
23%; 23
%j*.........

STOCKS.

11% 11%
22% 22%
%:*.........

A c t iv e R K , S to ck * .

11% 11%
28% !. 23
% .......

1 1=» A tch ison Topeka A Santo Pa.
23%|1Mm>D o . ______
prof

6,048
41,460

.................j

J

*8

H%

Wodneaday, TU ui»4ar, j Friday.
June 2.
June 3. | June 4.

9% Apr. 10 12% Mar. 3
17 Apr. 19 25% Jan. 30
%AtIantio<fc Pacific.................
% Jan. 14
% Apr. 7
0% 9% Baltimore & Ohio..................
3,687
9%
9% 9 % 9%
9% 9%
9% Juno 4 18 Jan. 8
19
20 'Brooklyn lAtvpld Transit.......
18=8 Jan. 7 21% Feb. 11
•18
20 i >18
20 j *19% 20
1,700 46% Mar. 29 60% June 4
•59
59% 59
69%
59% 00% 60% 60% Canadian Facitto..................
3,070 44% Jan. 13 51% Mar. 17
48% 48% Canada Southern........ .
48%
49%' 48% 49
48% 40
73% 75 %’,central of New Jersey..
47,541 68% May 21 103% Jan. 19
72% 74% 72% 73 : 72% 74
*8%
am Central Paolflo........
Honlw™
...
„ 9%
.. *8„ %
„
„ 9%'Central
*9%
9%
-3% W
?%t
,,
7% Apr. 20 15 Jan. 5
14,652 15% Mar. 29 18% Mar. 15
10 1 10% 16% 17% 17% 17% 17% 17% Chesapeake & Ohio
•151 ....... 1 *150 ........ *150
....... ‘ 150
Chicago & Alton
$150 May 24 $170 Mar. 1
78% 79% CMoago BurUngtoii A Quincy 131,983 69% Jan. 5 79% June 3
77% 78% 77% 79%! 78% 79%
*40
50 .Chicago A Eastern Illinois.
45 Mar. 13 45 Mar. 13
■40
50 [ *40
50 | *40
50
98% *95
98 : $98% 98%
*95
98
Do pref. 85 $95 Jan. 8 $98% Feb 3
—
« . . . 76% 77 % Cbioago Milwaukee & St. Paul 96,497 69% Apr. 19 78% Mar. 15
76% 77%;
76% 77%
! <?» 70% ----1,176 130% May 6 138% Mar. 18
134
34 134
Douref.
*
pref
134 134 5133% 134% 131 134
5107% 108%: 107% 108% 108 108% 103% 110 Chicago & Northwestern___„ 16,152 101% Apr. 19|ll0% Mar.' 17
335 153 Jan. 12 156 Juno 2
!Do
pref.
150 150
................... $159 159
67% 68% Chicago Hook Island & Paolflo 33,527 60% Apr. 18 70 Jan. 10
66%
67%' 67% 68% 67% 68%
12,760
Chicago
St.
Paul
Minn.
A
Ora.
47 Jan. 2 64% Mar. 17
58%
68%
57%
58%
57%
59 I 68
59
58% 681
25 133% Jan. 18 143 Mar. 29
140 145 „
Do
pref.
*140 145 $143 143 *140 145
11,325
24%
24%
Clove.
Cinoln.
Ohio.
A
St.
L...
21% .Tune 1 33=8 Mar. 17
21%
25 : 24
25
24
25
50 73 Jan. 4 80 May 6
_ , Do
pref.
' $73% 73%'7...................
*2%
3
1,200
Columbus
Hooking
VaL
ATol
1% Apr. 30 18 Jam 8
2%
2% *2% 3
*2%
_
Do
pref.
40 Jan. 21 46 Jan. 21
3,607
104
*105
Delaware
A
Hudson...............
99=8
Apr. 1 121% Jan. 6
103%
104
103% 104
103% 103%
475 146% Mav 20 157% Jan. 18
140% 147% *146% 147% Delaware Laokawanna&West
------ 148% *146% 148
in ff*
Denver
A
Bio
Grande............
9%
Apr. 20 12% Jam 19
‘ 10
*9% 12
200 36 Apr. 20 43% Feb. 1
_ .
Do
pref.
39% *39%
, 39% 39% *39
E
rie..................................
910
*13
13%
11%
Aur. 19 15% Jan. 18
I 12% 13
12% 12% 13% 13%
384 27 Apr. 19 35% Jan. 18
Do
1st pref.
31% 31%
81
. 31% 31% 531
2
15%
Mav
24 21 Jan. 15
Do
2d
pref.
*18% 19
$17
17
*20
25 Evansville A Terre Haute .
100 21 June 2 $24% Feb. 13
21
25 21
21
*120
125
120
Jan.
1
6 122 Feb. 5
Great.Northern, pref...............
•120 125 *120 125 *120 125
4,450 91% Apr. 19 9S June 1
97% HUnoisCentral.......... . . . . .
97% -96
96% 98 97
97% *96
800
6
Apr.
15
_8 Jan. 10
*6% 7
*6% 7
8% 6% '6%
7
2 24% Mar. 18 27% Jam 20
Do
*23
25
pref.
*23
25
*20
25 $22 22
175
la
k
e
Erie
&
Western
*13
14
13 Mav 11 18% Jan. 18
*13
14
13% 13% $14 14
177 58% Apr. 1 70% Jam 20
61
61
Do
pref.
*58% 62
*59% 62
*59% 62
1,222 152 Jan. 2 172 Mar. 1
168% 188% 168% 169 Lake Shore A Mioh. Southern.
*167% 168% *167 189
190 41 Apr. 2 55 Jam 8
50 Long Island.......
‘ 40
*40
50
•40
50
41
41
48% 47% 47% 47% 47% 47=8 Louisville A N a s h v iiie "" * '" 46,890 40% Apr. 19 52% Jam 19
40% 47
85% 84=8 85% Manhattan Elevated,consol.. .12,618 81% Mav 6 93 Mar. 2
84% 85% 84% 85% 85
3,380 99=8 May 3 110% Jan. 5
107% 107% 108 109% Metropolitan Traction..........
107 107
*106 107
Michigan Central.....................
90 Jan. 28 100 Mar. 15
600 10 May 14 19% Jan. 29
*19
20 Minneapolis A St. Louis
i'a " i*9 % 19% 19% *19
20
53 77% Mar. 18 79% Jam 18
*77
81
Do
1st pref.
*77
81
$78
73
*77
80
1,150 46 Feb. 26 48% Mar. 18
Do
2d pref.
47% 43% 48% 48% 48% 48% 48% 48%
1,100 10 Apr. 19 14% Jan. 18
11% 11% 11% 11% 11% 11% 11% 11% Missouri Kansas A TexaB.......
6,235 24% Apr. 19 32% Mar. 18
29%' 28% 29%
Do
pref.
29
29% 29% 29% 29
7,876 10 May 0 24% Jan. IS
15% Missouri Paoiflo,
15% 15% 15% 15% 5 14% 15%' 15
100 18 J one 3 22% Jam 12
*17% 20 Mobile A Ohio
*10
20
18
18
*18
20
70 Jam 25 $70 Jan. 25
Nashv.Ohattanooga&St. Louis
1........ 37 New England..................
44 Mar. 18 $44 Mar. 18
*..........37
........... 37*
6,454
92%
Feb. 18 102 Mar. 22
100%
100%
100%
100%
New
York
Central
A
Hudson.
100 100% 100% 100%
30 11 Feb. 11 14% Mar. 15
*12
13
12% 12% New YorkChioago A St. Louis
$11% 11% *12
13
Do
67%
Apr.
15 75 Mar. 17
*60
63
*60
63
*60
73
*60
75
1 stpref.
400 24 Feb. 10 34% Mar. 17
*27% 30
28
29 ! 28% 28% *27% 30
100
160
Feb.
2 $178 Jan. 4
*166
167%
166 166
New YorkNewHaven A Sart.
166 188 *166 168
3,172 12% Apr. 19 15% Jan. 18
14 New YorkOntario A Western.
14
14% 14% 14% 14% 14% 14
9% Jam 18
290
6%
May
28
7% New York Susa. A West., new.
0% 6% $7
7
7% *7
2,450 18% May 20 26% Jam 18
22% 22%
Do
pref.
20% 20% 20% 21% *21
22
14%
Mar. 11
9
Apr.
19
Norfolk
A
W
estern..........
......
*10% 12
*10% 11
*10% 11% *10% 12
‘ "§68 22% May 5 28% Mar. 4
Do
pref.
*28% 29%
28% 28% $27% 28
$28
28
16%
Feb. 1
5,539
11
Apr.
19
13% 13% 13% 13% 13% 13% 13
13% Nor. PaoiiioEy. voting tr.otfs.
38% 38% 38% 39
Do
pref. 14,032 32% Jam 5 39 June 2
38% 38% 38% 38%
$17%
Jam 18
$10
Apr.
20
*13
17
*13
17
*13
17 Or. ER. A Nav.Co.vot. tr.otfs.
*13
18
969 37% Jan. S 48 May 17
Do pref., vot. trust.otfs.
48
49
47% 47% T$48% 48% 47% 47=8
14
Jam
21
360
11% Mar. 29
11% 11% 12
12
*12
12% ‘ 12% 13 Pittsburg Oinn. Ohio. A St. L.
44% May 28 50 Feb. 1
*44
47
*44
47
*45
47
Do
pref.
*45
47
20%
June
4
40,580
116% Apr. 19
19% 19%' 19% 19% 19% 19% 19% 20% Reading, voting tr. oertifs...
42
43% 43
43% 43% 43% 43% 44% 1st pref., voting tr. oertifs. 26,687 t38% Apr. 19 44% Juno 4
26
June
4
4,763 122% Apr. 19
2d pref., voting tr. oertifs.
25% 25% 25% 25% *25% 25% 25% 26
Rio Grande Western...............
6119
Jan.
18
$116 Mar. 8
*117 119 *118 119
Rome Watertown A Ogdensb.
$60% May 11 62 May 20
*60
62% *00
63
‘ 60
63
*60
63 St, Louie Alt. A T. H.,tr.ieots
5% Feb 4
5% 5%
5%:
5% 5%
5% -5% St. L. & San F r„ vot, tr. otfs.
5,160 37 Jan, 29 46% June 3
Do
1st pref.
44% 44
44% 44% 46% 46
46%
3,226 12 Apr. 15 16 Feb. 3
Do
2d pref.
15% 15% 15
15% 15% 15% 15% 15%
500 i Apr. 1 4% Jan. 18
3%
3% '
2%
3%
2% 3% St. Louis Southwestern..........
*2% 3%
645
3% Apr. 1 11% Jan. 18
Do
pref.
8 % 8 % 8 % 8 % *8 8 % $7% 7%
20 Jam 4 22% Jam IS
*15
22
15
22
*18
22
*18
22 St. Paul A Duluth................ .
4 75 Aur, 20 $87 Feb. 3
*70
87 I *70
$80
80
Do
pref.
87
*70
87
114 Jan. 28 118 Mar. 3
117 120 *117 120 *117 121 *117 121 St. Paul Minn. A Manitoba...
1,200 13% Jam 13 15% Jam 18
14% 14% 14% 14% *11
15
14% 14% Southern Paoiflo Oo................
4,494
7 Apr. 19 10 Jam 16
8% 9 j
8% 0%
Southern,voting
trust,
oertif.
9
0%
8% 9
20% 27% 27% 28% 28% 28% 27% 28% Do p re t, voting trust, oert 29,219 22% Apr 19 29% Jam 19
8 Apr. 1 10% Jam 18
9% 9%'
8% 9%
1,335
9% 9%
Texas
&
Paoiflo....................
.
9% 9=8
4% Apr. 19 10 Jam 5
7% 7%:
7% 7%
7
7%
6% 7% Union Paoiflo trust reoelpts.. 17,610
2% Jan. 6
1 Apr. 24
*1%
1%'
1,257
1%
1%
1% 1%
1%
1 % Union Paoiflo Denver A Gulf.
7% Jam 16
4=8 Mar. 29
630
5% 5%
5%
5%
5%
5V
5% 5% Wabash....................................
17%
Jam 18
11%
Apr.
19
13% 13%: 18% 14
2,660
18% 14
Do
pref.
13% 14
% June 1 6% Jam 2
700
%
%
% 1
=B
<%'
%
=8 Wheeling & Lake Brie___
29
Jam
5
2%
Apr.
15
3*2%
3%
‘ 2% 3% *2% 3%
Do
pref.
*2% 3%
1 June 3 2% Jan. 6
n
i%; *1
1
1
1%
300
*1
1 % Wise. Gen. Co., voting tr. otfs.
[,:M ri*oeilancous S t o c k s .?
*9%, 11
10
10 % *10
300 9% May 28 14% Jan. 16
10 % *10
10% American Cotton Oil Co........
55
55
55% 55% *55
55% *55
575 52% Feb. 16 59% May 11
Do
pref.
55%
9%
9%
10% 10%
10
9% Apr. 23 14% Jan 9
10 % 10% 10% American Spirits Mfg. Oo---2,485
28
28
27
27% *27
1,602 26 Jan. 5 34% Mar. 15
28% 28
_ _
Do
pref.
28%
113 116% 115% 116% 115% H7=s 116% 117% Amerioan Sugar Refining Oo. 70,540 109% Mar. 29 118% Mar. 3
104% 104% $104 104% 104% 105
Do
pref.
1.209 100% Jam 7 105% Mar. 15
104=8 105
71% 71%' 71% 71%
71% 72%
71% 72 Amerioan Tobaooo Co............ 10,693 67% Feb. 15 79% Jan. 14
',103 103 $103% 104% $104% 104% 103% 106%
150 100 Feb, 11 108 Mar. 12
Do
pref.
*8
a
•$
0
7% Apr. 17 13=i Jan. 6
200
8%
8 % Bay State G a s ........................
: S3% 84%
84% 80%
85% 87
85% 87 OhicagoGas Oo., certs, of dep. 141,254 73% Jan. 5 87 June 3
160 100% Jtl5H%ir>9%
*10S%169% *159 160% $158% 158% Consolidated
•* ’ * Gas
~ Oi
Company..
996 186% Jam 2 164 May 7
• 3i% o31%,
r
“
30% 31%
31
31« h 381
31% General E lectric Go
3.210 28=8 May 17 36% Feb. 2
% M?<
07s„ 26%
M U 26%
on*. National Lead Co
26%, 27% 20
26%,
26%; 260=
26% 27%]
11,513 21% Feb. 16 27% .Tunc 1
*93
94% $93
93% $93
94%
04% 94%
Do
598 88% Feb. 13 94% June 4
pref.
3=8 Apr. 20 5 Jam 18
4%
4%
4
4 j
3% 8%
*3%
4 North Amerioan Oo
840
, *26% 27% 26% 27%! 27% 27% 26% 27 Pacific Mail............
3,600 24 Jam 9 28% May 11
*90 . . . . . . ‘ 90 .........: *90
.........1 *no ....... . P ipe Line Oerttfloates.
1,032 152 Jam 2 163 Mar. 3
159 159% 159% 159%: 159% 159% 159% 160 Pullman Palace Oar Company
00% 60%; - .................< 60% 60% *60% 00% Silver Bullion Certificates—
29,000 60% June 3 65% J an. 27
6% Mar. 29 11% Jan. 19
7
7%: 61} 6%
6% 6 V
6%
0% Standard Rope A Twine........
1,242
18% 10% 19
20%: 19% 20% 20% 21% Tennessee Coal Iron A R R ... 14,159 17 May 20 31 Jan. 18
*6% 7 ’ *6%
7
7 7 '
*6%
7 United States Leather Co----6% May 22 9=8 Jan. 19
500
55%
56
55
55%
55 65% 55
55%
2,845 50 Apr. 22 64 Jan. 19
Do
pref.
12% 12% 12% 1 2 V
10 12
10% 10% United States Rubber Co.......
2,191 10 June 3 25% Jam 19
01%
01%: $60% 81%
55 53% 5 7
58
3,945 55 June 3 76% Jan. 5
Do
pref.
7s>% 80%; go% sou, 79% 80% 78% 79% Western Union Telegraph—
25,560 75% May 7 86% Mar. 17
11%
22%

n

10o ii
n10s t07%'
75 j
♦151

;

1, 1807.

Sides of
Range for year 1897.
the (On basit o f loo-iharc loti.
Wook,
Shares.
Highest
Lowest.

tad vikod;

9 i

no sale made.

$ Less than 100 shares,

t Range dates from listing on Exchange. A prils.

1079

THE CHRONICLE.

J une 5, ia«7.j

SEW YORK STOCK EXCHANGE PRICES (Continued )— I N A C T I V E
I nactive Stocks .

* Indicates unlisted.

Range (sales) in 1897.

June 4.
Bid.

Ask.

Lowest.

STOCKS.

f% Indicates actual sales.J

June 4.

I n active Stocks .

ff Indicates unlisted.

Highest.

m is c e lla n e o u s S tock s,
177i« Apr. Adams Express................... . .ICO
101* Jan. American Bank Note Co tT.............
2 8 * June American Coal................., ? — 25
105 Jan. American Express.......... —,...1 0 0
2 0 * Jan. Amer. Telegraph A Cable. -....1 0 0
55 Feb. Brooklyn Union Gas.................. 100
72 Feb. Brunswick Company................. 100
5 Jan. Chio. Juno. Ry. A Stook Yards. 100
4 0 * Mar. Colorado Coal & Iron D evel...l0 0
168* Jan. Colorado Fuel & Iron ............... 100
Preferred.................................100
8 * Feb.
Col. A Hock. Coal tr.rots.allpd. 100
3 Feb. Commercial Cable.....................100
8 Jan. Consol. Coal of Maryland........ 100
4 0 * Jan. Detroit Gas.................................100
1 1 * Mar. Edison Elec. HI. of N. Y ...........100
37 Jan. Edison Elec. HI. of Brooklyn..100
30 May Erie Telegraph A Telephone ..100
Illinois Steel............................... 100
5 Jan. Interior Conduit A Ins..............100
6 Feb. Jeff. & Clearf. C. A I. pref........ 100
3 Jan. Laoiede Gas.......... .................. ..100
Preferred..................................100
2 8 * Jan.
32 F*-b. Maryland Coal, pref...................100
* Jan. Miohigan-Peninsular Car C o.. .100
P r e fe r r e d ............................. 100
1 * Jan.
858 Jan.
1 °s Jan.
167 Jan.
324 May
122 Mar.
1 1 * May
2 * Jan.
5 Apr.
169* Mar.
185 Jan. Tennessee Coal & Iron, p ref... 100
4 0 * Feb.

R a i l r o a d S to c k * .
170 Feb.
Albany A Susquehanna........ —100 175
83g Apr,
Ann Arbor.................................. 100 HO*
Preferred..............................1 0 0 ;2 8 * 28* 221s Apr.
102
Mar.
104*
106
Boston & N. Y. Air Line pref ..100
20
1 6 * May
Bufialo Rochester & Pittsburg. 100
55 Feb.
Preferred..................................100 v & r
68 Apr.
65
75
Burl. Cedar Rapids & Nor........ 100
4 Mar.
Chicago Great Western..................
40 Feb.
Olev. Lorain & Wheel, pref...... 100 138
Cleveland <fePittsburg.............. 50 162 169 161 Apr.
7 Apr.
71* 8 *
Des Moines A For Dodge........ 100
75
Preferred.................................. 100 58
3 Apr.
2*
Duluth So. 8hore A Atlantic U.100
3*
6 * May
8
6
Preferred U...............................100
37 Apr.
E vansville A Terre H. p r e f.....5 0
10 Mar.
Flint A Pere Marquette.............100
30 Mar.
Preferred........................
100
40
2 7 * Apr.
Green Bay & Western..............100 35
50
Deb. certfs. A ....................... .1000 40
Apr.
4*
4
Deb. certfs. B ..............
1000
Feb.
6
3
Kanawha A Michigan............... 100
4
Feb.
2
Keokuk A Des Moines............... 100
12 Mar.
Preferred.................
100 10^8 14
32 Feb.
Keokuk A Western....................100
* Jan.
Lou. New A. A C h ic.................IOC
1 * Jan.
Preferred.................................. 100
850 7i? Apr.
Mextoan C entral...................1 0 0 8
1 * Mar.
Mexican National tr. otfs........ 100
1*
1631s Feb.
Morris & E s s e x . . . .. . . . . . . . . .. . . 50
295 Feb.
N. Y. A Harlem....................
50
119 Jan.
N. Y. Lack. A Western..............100
12
Or. Sh.Line A U.N.when issued.100
10 * Mar.
1
* June
Peoria Decatur & Evansville..100
6
3
3ia Feb.
Peoria A Eastern............... ..*..100
Pitts. Ft. W. A Chic, guar........ 100 164 169 150 May
Rensselaer A S aratoga........... ado 178 184 180 Jan.
25 May
Rio Grande Western pref........ 100
25
Toledo A Ohio Central........... ..100
75
Preferred.................................. 100
* No price Friday latest price this week.
XActual sales.

NEW YORK STOCK EXCHANGE PRICES.-STA T E

SECURITIES.

Bid.

Ask.

SECURITIES.

Bid.

Alabama—Class A, 4 to 5___ 1906 108
Missouri—Fund.............1894-1895
Class B, 5s............................. 1906 107ifl 108
Class C, 4s..............................1906
New bonds, J&J........ 1892-1898
Currency funding 4s............1920 100
Arkansas—6s,fund,Hoi.1899-1900
Non Holford..................................
7b. Arkansas Central RR...........
104
Louisiana—7s, co n s ............... 1914
6s............................................1919 124
Stamped 4s...................................
South Carolina—4 *s, 20-40. .1933 108
New consols, 4s.................... 1914 98 10*2*
6s, non-fund..........................1888

New York City Hank Statement for the week ending
May 29, 1897. W e o m it tw o cip h ers ( 0 0 ) in all cases.
B anks
(00s omitted.)

Capital Surplus Loans.

Specie. Legals. Deposits.

Bank of New York. $ 2 , 000 ,0 $ 1 ,,941,0 $13,080,0 $2,230,0 $1,270,0 $12,850,0
.103,1 13.273.0 2.685.0 6.983.0 18.918.0
Manhattan Co.......... 2.050.0
,054,2 12.471.6 2.480.0 1,423,3 14.916.7
Merchants’ ............... 2 , 000,0
,089,9 9.311.0 1.164.0 2.049.0 9.079.0
M echanics'.............. 2 , 000,0
Am erica.................. 1.500.0 .479,3 l17.628.6 3.004.2
3.930.0 2 1 . 688.0
824.0 3.948.0
267.3 :i65
Phenix..................... 1 , 000 ,0
298.0
4.110.0
City........................... 1 , 000 ,0
27.365.1 8.289.6 9,403,5 40,219,5
,605,9 315
100.4 2,628,3
Tradesmen’s............
611,5 2.694.0
224.3
760.0
4.360.4 2.813.2 23.690.7
300.0 ,380.9 ' 24.087.6
Chemical..................
l
Merchants’ Exch’ge
858.3 5.635.2
184.3 l 4.618.7
909.3
600.0
928.4 6,933,9
917.2
,669,2 6.987.8
Gallatin.................... 1,000,0
185,9 1.244.6
Batchers’ A Drov'rs’
171.0 1.224.3
156.8
300.0
400.0
430.0 2 . 110.0
245.0
224.8 1.805.0
Me hanlcs’ A Trad’s
201.1
960,0
165.5
Greenwich......
104.5
991,1
200.0
Leather Manufac’rs.
349.0
488.6 2.998.6
600,0
386,3 2.652.7
94,4 1.642.7
Seventh...........
258.5
345,8 2.042.2
300.0
State of New York. 1. 200.0
507.2 2.298.1
157.6
525.3 3.023.6
American Exchange 5.000.
22.771.0 2.140.0 3.224.0 18.053.0
,443,2
0
22.323.1 2.759.7 3.116.3 17.683.7
, 668,0
5.000.
0
Commerce.............
594.1 5.087.4
742.8
5.761.0
,619,7
Broadway................. 1 .0 0 0 .
0
Paciiic.....................
Repnhllo..................
Chatham..................
Peoples’.................. .
North America......
Hanover.................
Irving..................... .
Citizens’ ................. .
Nassau....................
Market & Fulton..
Shoe & Leather......
Corn Exchange----Continental............
Oriental..................
Importers’* Trad’ra
Park........................ .
East River...............
Fourth.....................
Central.....................
Second.................... .
Ninth...................... .
First.........................
Third.......................
N. Y.NaVl Exch’ge
B ow ery....................
New York County.,
German American..
Chase.......................
Fifth A venae......... .
German fixohange..
Germania................
United States.........
L incoln.................. .
Garfield...................
Fifth.......................
Bank of the Metrop
West Side...............
Seaboard.................
Sixth.......................
Western....... ...........
First Nat. B*klyn...
Nat. Union Bank...
Liberty Nat. Bank.
N. Y.Prod.F.xoh’ge
Bk. of N.Amsterdam

,

.013,6 8.164.9
682.6
490.4 2.352.7
433.5
889.5 12,394,9 2.443.3
972.2 6.078.2
680.8
238.4 1.618.7
193.9
591.8 6.473.0 1.134.8
, 100,8 17.719.3 5.251.0
352.1
355.4 2.954.0
516.2
408.6 2.567.0
282.4 2.430.2
193.9
642.0
,009,7 5.586.9
436.4
130.2 3.489.0
1 ,000,0
,243,0 8.740.5 1.414.5
1 , 000,0
649.0
220.5 4.707.7
1 000,0
150.0
394.2 1.799.2
300.0
1.500.0 ,655,7 22.487.0 3.346.0
,218,3 25.442.0 9.299.0
2 .000,0
161,8
144,4 1.208.0
250.0
3.200.0 ,106,3 22.509.0 2,850,2
620.6 7.723.0 1.847.0
1 ,000 ,0
858.0
681,6 4.952.0
300.0
470.3
289.3 3.207.6
750.0
500.0 ,037,0 22.461.7 8.574.6
806,8
267.9 5.719.2
1 000,0
148.2
56,3 1.328.3
300.0
428.0
598.8 2.796.0
250.0
606.6
428.9 2.730.3
200.0
265.6
280.4 2.708.8
750.0
500.0 ,502,6 15.027.3 4,365,5
100.0 ,108,3 7.384.6 1.243.8
236.2
550.2 2.334.4
200,0
2.784.6
568.1
688,6
200,0
500.0
630.7 5.509.4 1.018.1
041,8
621.2 6.086.8
300.0
941.0
751,1 4.539.1
200.0
232.7
314.0 1.650.0
200,0
862.4
826,6 4.502.6
300.0
235.0
320.1 2.312.0
200.0
773.0
299.8 6.016.0
600,0
185.0
200,0
343.4 1.678.0
855.4
2 . 100.0
501.5 13.561.2
638.8
300.0
949.8 6.081.0
686.9 10.406.8 1.828.9
1 , 200,0
274.4
600.01 268,0 2,474,0
557.8
1, 0 0 0 ,0 ;
368.9 3.871.2
460.3
260,0! 241,7 1.916.2
1 000,0

422,7
1.500.0
450.0
200.0
700.0
1,000,0
500.0
600.0
500.0
000,0

,

.

1.778.2
752.3
1.486.3
1.125.0
711.0
654.3
3.730.1
603.0
684.2
540.7
1.194.4
605.8
1.035.0
1.290.1
314.0
8.679.0
3.619.0
284.9
4,055,8
1.260.0
923.0
1,204,7
2.381.4
891.1
252.2
592.0
303.3
471.5
5.169.5
1.042.6
520,8
498.2
927.2
1,203,5
457.6
368.1
1.397.0
454.0
1.573.0
410.0
4.633.2
637.0
799.6
687.0
315.1
253.2

8.555.3
3.071.5
13.777.0
6.278.1
2.605.3
6.810.1
24,148.4
3.058.0
3.197.4
3.017.8
6.075.9
3.731.2
9.633.5
5.962.6
1.722.1
28.684.0
34.011.8
1.269.6
24.307.0
9.721.0
5.886.0
4.250.0
21,720,2
5.646.6
1.297.4
3.181.0
3.343.9
2.693.2
22.587.8
8.480.5
3.042.2
3.785.3
6.314.4
7.122.4
5.261.6
1.949.5
6.168.7
2.496.0
7.625.0
1.635.0
15,804,7
5.133.0
10,603,0
2.770.2
3,421,4
2.159.0

Total.............. .... 60,022,7 74,861,0 507,509,7 88,979,2 101,536,9 675,600,0

Ask.

149
43
no
111

151
45
125
113

Lowest.

35
t22%
80
40

45
237s 22 May 25 Jan.
33
7 0 * Mar. 8 3 * May
60
50 May 50 Mayj
12 Jan. 12 Jan
42 May 52 Feb.
38 Apr. 52 Feb.
10 May 15 Jan.
3ia 3 May
5 Jan.^
5 Jan.
6
4 * May
838 May 1 0 * Jan.
8
340 Mar. 340 Mar.
1 * Jan.
1 * June
10
8 Apr. 1 1 * Jan.
122 102 Jan. 108 Feb.
65 Apr. 70 Jan.
6 Apr.
6 Apr.
37 Feb. 41 Apr.
106
97 Jan. 106 June

146*8
2

449

6*
325
:i*
8
120

}38i.
1105

Jan.

125 Jan.
114* May
9 1 * Jan.
10958 May
°8 Jan.
105* Apr.
1 Jan.
27 Jan.
85 May
4 * Mar.
162* May
3 7 * Jan.
25 Jan.
117 June
105 May
67 Jan.
42 Jan.

4.

SECURITIES.
Do

Highest.

147* Feb. 155

113 Apr.
1 09* Jan.
8 5 * Jan.
85 Jan.
1105
* Jan.
=4
=8
1 02* May
* Jan.
J*
1534 May
116
87
75 Feb.
3 * June
1314
170
1 6 2 * May
38
35 Feb.
20 Jan.
1 01* Jan.
107
97 Feb.
64
6 3 * Apr.
32
35
2 9 * Apr.

BONDS JU N E

Ask.

Range (sales) in 1897.

Bid.

Bid.

Ask.

New series,... 1914
82

Do
110

4 * 8 ..................... 1913

Virginia funded debt, 2-3s__ 1991
6s, deferred t’st reo’ts, stamped.

64
3

65
4

New York City, Boston and Philadelphia Banks:
N. Y.*

Capital A
Surplus.

Loans.

Specie.

$
133.726.5
133.726.5
133.726.5
134,883,7

$
504.920.1
505.951.1
504,952,3
507,509,7

$
87.570,7
88.132.2
88.295,5
88.979.2

Legalt. DepositsA Oire’Vn
$
570.361.3
572,212,8
572.131.4
575.600.0

$
14,672,3 627,710.5
14,484,1 542.384.2
14,405,8 536,402,9
14,329,0 502.727.2

63.393.8 173.308.0 10.300.0 7.418.0 166.416.0
22.. 63.393.8 171.228.0 10.400.0 7.865.0 166.559.0
63.393.8 170.981.0 10.357.0 7.944.0 164.858.0
P h lla . *
37,513,0
May 15.. 35,388,0 110,164,0
119.534.0
118.942.0
37.293.0
" 22.. 35,388.0 110,976.0
“ 29.. 35,388.0! 111,369,0
118.696.0
37.384.0

8,261,0 99,525,8
7.041.0 95,375,6
7.988.0 87,028,4

May 8..
“ 15..

"

22..

“ 29..
B oh.*
May 15..

"

“

$
99,115,8
99,411,5
100,736,3
101,536,9

29..

*We

o m it t w o ci\ ihers i n all these

6.831.0
6.826.0
6,861,0

Jjyures.

t Including for JJoston and Philadelphia the item “ due to other banks”

Miscellaneous and Unlisted Bonds:

m isce lla n e o u s B onds.
m isce lla n e o u s B onds.
Ch.Jun. AS. Yds.—Col.t.g.,5s 107 *b. Jeff. A Clear. C. A I. 1st g. 5s *100
Colorado C. & 1 .1st cons. 6s,g. 92 b.
2d g. 5s .............................. * 77
Colorado Fuel A I.—Gen. 5s.
Manhat. Beach H. A L. g. 4s.
Col. A Hock. Coal. A I.—6s, g.
Metropol. Tel. A Tel. 1st 5s..
Commercial Cable—1st g. 4s. i03*b. MiolL-Penin. Car 1st 5s.......
Cons.Gas Co.,Chic.—lstgu.5s 92 b. Mutual Union Teleg.—6s, g..
De Bardeleben C. A I.—g. 6s. 82 a. Nat. Starch Mfg. 1st 6s........ 100 b.
Det. Gas con. 1st 5................. 80 b. N. Y. A N. J. Telep. gen. 5s..
Edison Elec. 111. Co.—1st 5s.. 112 b. Northwestern Telegraph—7s
Do of Bklyn., 1st 5s.. 109 b. People’s Gas A C. 1 1st g. 6s. 106 a.
Equit. G.-L, N. Y.,cons.g. 5s.
Co., Chicago...... J 2d g. 6s. 106 b.
1st cons. g. 6s..................... 108 a
Equitable G. A F.—1st « s __ 104*b.
Erie Teleg. A Telep. 5s. g ... 101 b South Yuba Water—Con. 6s.
Galveston Wharf Co.—1st 5s. 100 b Standard Rope A T.—Inc. 5s.
Sunday Creek Coal 1st g. 6s.
Henderson Bridge—1st g. 6s. .... Illinois Steel deb. 5 s ............
Western Union Teleg.—7s... io5*’ b.
95 *a
Non-conv. deb. 5s...............
Western Gas coll. tr. 5s........
N ote —“ 5” indicates price b id ; “ a” price a sk ed . * Latest price this week.

"l6*b.

BANK8.

Bid. Ask.

325
Am. E xch ... 168
Astor Place* 220
Bowery*...... 300
Broadway.... 225
Butch. A Dr.. 100
Central +...... 160
400
Chatham...... 280
Chemical__ 4000
City.............. 500
Citizens’ ...... 125
Columbia__ 160
Commerce... 208
Continental. 130
Corn Exch... 285
East River.. 185
11th Ward.. 200
Fifth Ave— 3000
Fifth*.......... 250
3000
First N „ 8 . 1. 120
14th Street..
Fourth......... 175
Gallatin...... 310
Gansevoort*.

176
250
130
170
300
140
210
140
293

150
180
330
100

Bid.
Garfield......
German Am.
German Ex.*
Germania—
Greenwioh...
Hanover......
Hide A L .-..
Hud. River..
Im. A Trad’rs
Irving..........
Leather M is’
Liberty*.......
Lincoln........
Manhattan...
Market A Fnl
Mechanics’ . .
M’ohs’ ATrs’
Mercantile...
Merchant.’ ..
Meroh’t. Ex.
Metropol’s...
Mt. Morris..
Nassau........
N. Ams’dam.
New Y ork...
N. Y. Co’nty

BANKS.

Bid. Ask.

N.Y.Nat.Ex
Ninth.......... 100
110
300
19th Ward.. 100
350
N. America. 130
165
170
330 350
Pacific....... 175
95
Park............ 260
155
210
525 550 Phenix....... 105
185
140 155
170
Prod.Ex.*... 117
130
Republio__ 140
750
Seaboard__ 169
215 230
425
200 240
100
100 200
Shoe A Le’th 91
Stateof N.Y. 110
170 187* Third.........
141 145 Tradesm’n’s. 97
114 118 12th Ward*.
440
Uniota......... 200
97*
Union Sq.*.. 175
155
175
20Q
Yorkville*... 170
230 240 Western...... 114
675 800 West Side... 275
500

100
110
185
200
268
110
160

m

80
__

125
185
119
325

THE CHRONICLE.

1060

UOSTON, t’ HILAUEIiflilA

IVol. Lxrv.

AND HALT!MORE STOCK EXCHANGES.
Sales
of the
Week,
Shares.

c w S h a re P r ic e * — a o t P e r C e n tu m P r ic e * .
|

Active Stocks.

iw h - T.

A

Saturday,

aailftKHl*

May aa J

A 8.

M

**
100;
A Ohio {BaiL}.100!

is»-t. oty F***-««t "
Traetloc

Trtto*a f i

2S

B
.-U
JKFA
-W
*•**.S
,*«■*'&- ASbanvtBvstonl.lOO
——-■*'

100
A Lowell
’•
100
Keeton a Maine.
**
100
Central o f Muse..
*’
too
P r e f e r r e d -—
*
*
too
C M e.8ur.li Quin.
m & M IL A B t P. (rk ti.)-ioo
50
ClMKi.OibQ.vot.t.0.
too
C15. At.Ry.af B f t ,
-r Flfch&nw rre f.-f H ncon;.100
Lehigh V a iW .. (PhUa.). 50
sietw pol’a T n s c .f •’
100
M eitcan Cent'! (B oston).100
Sew EngiSHMU...
“
100
Prefcried . . . . . .
100
fierlAem Central r JSoJ .J. 60
Northern Paelflo CPAWo-ylOO
P reterm !
‘
100
OSd Colony....... (Bothm).lOO
PtmnftJ! v a r : fc — ( rhria.). 50

FhUadelpb. Tree.

*'

.May 31,

ton ton

»wf •to

&) * 25f

Monday,

t9>*
ats

*VB«i XO"

T & .U ea tX .& P o iK P h ila .) ......

77k
76k

•93

93
93
23k 24

91

■'•7k """§*

•7%

♦67 >*........

•57k
71k
13k
38%
170%
52
69%

m
£

176% i?«%

o

3

►
Hi

9k
116k
104k
227k
124k
17*8
372

•55

55k

*64%
•31
•68
•32
•19k

115k
104
229
122%
16%
373
20
‘ 64%
*31 k
*68
» ____
■ 19k
138
105 k
14
72%
41
2k
•§ M aj

65
31k
72
35
20

TOG

107

Ble,

Ask.

Friday,
June 4.

3
Ilk

11% 11%
•k
k
9k
•9
10
66
•6t
65
19k •19k 19k
19%
19k •19
212k 212k 2X2k
213
212 213
158k 158k 158k
10
9k
»k
‘ 56
58
78k 79k 7 6 k 79k
70 % 77% 77
77k
«0k
7

•20 .........

'9 2 k 93
93
93k
98
23% 24 k
24
24 k
24k
107 107
107k 107k 108
8
3k
8
%
%
8k
•20
****
“ eo58
5Sk *58
•57k
72
72k 72k •72k
71% *
13 k 13k 13k
13k 13% 13k
38% *38% 38% 38% 38% 38k
176% 176% 176% 176% 177
177
5 2 k 52k
62 k
52k 52
52k
69% 69k 69%
69% 69%
S%
9%
9 n le
9%
7
917\6
7
*7k
9%
9%
9k
9k
9k
9k

8

8

69%

116k
104
231
124k
17k
375

. 55"" ~55k

Unlt’ dG astm p.T
“
50
Welibach Light tj
“
5
•2k 2 k
West End L and..(B oston)—
• Bid and *»ked prloee; no sale was m ade.

in a c t iv e S tock*.

791#
78k 78
76% < 76k 77%

' 76 k “i h s

116k
104k
227k
124
17k
372

Juno

11% u » *
I lk
Uk
........ {
9%
’
.
....
*9k
•9 k
64% «T% 64 k 6 ik •........
19% 19k 19k
19k
•19
19 k
19H 19k
212 212 •212 212k 212k
212 212 ‘ 212
157 157
•156
158
-9 k 10
•9k
*9k 10

80

Reading C o.........
*'
50
C o io c P a cific...(B oston ).100
CM onTraction..fPAW aJ. 50
S lls c e U n n e o u * S t o c k * .
i m . f u r ’T Kean.!: (B o sto n )....
P referred ........
“
...
Bel! Telephone..
100
Boss.. A Montane.
"
26
Butt* & Boston.}
“
25
Calomel A R eels
"
25
Canton C o .......... (BalL).lOO
Consolidated Gas
"
100
EleeA tor, Bat’y 7 (PAifa.). 100
Preferred 1
“
100
Erie Telephone.f-Sostonf.lOO
General Electric.
"
100
P referred.........
100
Illinois S te e l. . . .
“
100
Lam songtoreSer
"
50
LehThCoal&Sav, <r\Ua.) 50
N. E.Telephone (Boiton). 100

Wednesday.
June 2.

n%

21 'ik i n k

ala

Tuesday,
June 1.

115%
104*4
230
123
16%
375

116k
104*
230
123
16%
375

55

55

20 1 ........
64% 65
65 k
31®8 31»s 3 1 %
72
72
*68
*34
35
19% 19% 19%
38
3Sk 38
105 k ' ____ 106
14
13% 1378
7238 72% 72k
41
*2^8 2k
2k
29 Lo llday in Phil

Bonds,

116k 117k
104k 104%
228 k 229 k
123k 121k
16% 17
375 375
55% 55 k
18% 18%

___ ___
64k
*31
•68

64k
31k
72

___

40% 40%
2k
2k
adelphia.

A tla W ? ri^ il!^ y fM & N

iiST

S Unlisted.

I And aoorued Interest,

Bighei t

9% Apr. 20 12% Mar. 3
•15 Feb. 17 •37k Jan. 13
11 May 4 17 k Jan.
130 59 k Jan. 13 66 Apr. 17
von 17 Jan. 12 20% Apr. 2
340 17k Jun. 7 20% Apr. 3
41 209 Jau. 4 217 Mar. 4
4 205 Jan. 2 214 Apr. 7
359 157 June 2 166 Jan, 18
10
9 Apr. 22 11 Jan, 20
56 Mar. 26 58 Mar. 3
23,032 69k Jan. 5 79k June 4
7,500 09 k Apr. 19 7 8 k Mar. 15
0 May 7
8 k Feb. 5
16 Apr. 12 25k Jan. 20
23 91 Jan. 14 95 June 1
5,183 20k Feb. 18 30% Jan. a
1,270 99k May 3 110% Jan. 5
1,745
7 k Jan. 12
9 k Jan. 30
18 Apr. 6 3 7 k Jan. 19
” 606 57 Feb. 15 6 1 k Jim. 7
805 67k Jan. 27 72k Juno 3
2,819 30% Apr. 30 16k Feb. 1
248 33k Jan. 15 39 Feb. 1
227 176k Slay 26 180 Mar. I
2,163 51% May 3 6 3 k Mar. 15
1,167 66% Jan. 5 74 Star. 4
17,138 ®9ia Apr. 19 10i16 June 4
1,195
5 Apr. 12
9 Jan. 7
1,295
8% Apr. 29 13% Mar. 3

117% 12,051 109k Mar. 29 118k Mar.
105
"12 100k Jan. 6 105k Mar.
201 205k Jan. 4 236 May
230
3,390 94% Jau. 2 129 Mar.
124
16%
2,395
6 Jan. 11 20 Mar.
136 326 Jan. 2 390 Mar.
375
60 Jau. 8 67 k Feb.
434 55 Jnne 2 6 2 k Jan.
55%
434 15k Apr. 22 31 Feb.
19k
20i«
110 17k Apr. 30 33 Jan.
65
305 63% Apr. 1 67% Feb.
250 28% May 17 36% Feb.
3 ik
70
66 May 18 78 Jan.
34
*33
29 k Apr. 21 41% Jan
144. 19k May 26 23k Feb.
►19k 20
3Bifi 38k
338 37k May 26 42 Jan.
12 101 Apr. 5 107k May
105k 105k
13%
1,320 13 Apr. 30 16 Mar.
72
905 70% May 3 74% Feb
72k
40% 407g
595 3 8 k Apr. 6 47 Jan.
2,162
l k May 22
2% Feb.
*2%
2k
t Trust reo.,all instal. paid.

Ask.

63
65
Boston United Gas, 2 d m , 5 s ..1939
prices o) June 4
Burl. A Mo. R iver 33x6 ript 6 b, J&J 1118 119
A tlanta A Charlotte {BoiiJ.IOO
Boston A Providence (Boston),100
Non-exem pt 6s....... ..1 9 1 8 , J&J 1107 108
95
98
Camden A Atlantic pf. (PAtfa,). 50
Plain 4e........................ 1910, J&J
Ohio. Burl. & Nor. 1st 5,1926, A&O !108k 103k
•• 60
Oatawi***.......................
99 100
1st p referred ...........
“
50
•"•;2a mort. 6s..................1918, J&D
Central Ohio....... ..
(B o lt). 50
^Debenture 6».............. 1896, J&D
10
93
95
Chicago A West M ich.(Boston).100
hie. Burl,&Qulnoy 4s.,1922,F & A
150
98 100
Connec tlent A P a ss..
“
100
Iow a D ivision 4s....... 1919, A&O
250
54
55
Conr-ecticnt R iv e r ....
“
100
Chio.&W.Mioh. gen. 5 s,1 9 2 1 ,J A D
Consol. Tract-Of N .J.f(P A llo.).100
29
53
55
Consol, o f V erm ont, 5 b. 1913, J&J
Ini':* ware A-Bo end B r.
•*
100
60
70
Current R iver, 1st, 5 s ..1927, A&O
Flint A Pere M arq...(B oston ).100
66
67
Det.Gr.Rap.&W . ,1st 4s,1946. A&O
Preferred............
“
100
Eastern 1st m ort 6 g ,1906,M & 8.. [121 122
Hestonville Passeng. (Phila.). 50
Ir e e .E lk .& M .V .,lst,6 s.l9 3 3 , end. [331
Preferred f ..............
“
50
i Unstamped, 1st, 6s, 1933............ )131
Hunt. A Bread T o p ...
“
50
70
60
K.C. C.& Spring.,1st,5g.,1925,A&O
Preferred.................
“
50
87
85
K C, F,8. & M .'oon. 6s, 1928, M&N
Kan. C’y 1T.B. A M em.(Boston).100
69
K.O. Mem. & Bir..lst,2s,1927,M & S
67
Preferred.....................
“ 100
[120J&J121
K.
C. Bt. Jo. &C. B ., 7 s.. 1907,
Little Schuylkill ........ (Philo,). 50
75
87
L . R ock & F t B 1st,7 s.. 1905, J&J
Maine Central....... ..(Boston). 100
98 100
L onls.,E v.& S t.L .,lst,6g.l926,A & 0
Mice BUI A B,Haven.(Phila.), 50
85
87
2m ., 5—6 g ............................1936, A&O
Neswuebonlng V a l. . .
"
50
Mar. H. & Ont., 6s........1925, A&O 407 108
B o n a American C o ..
“
100
M exioan Central, 4 g . . . 1 9 1 1 ,J&J
68k 69
17 k 18
Berth Pennsylvania.
“
50
1st oonsol.inoom es, 3 g, non-eum,
Or .Bis. Line all asst.pdf Boston). 100
15%
7k
8
2d consol. Incomes. 3s, non-eum.
Pennsylvania A N . W. (Phila,). 60
N. T .& N .E n g „ ls t ,7 8 ,1 9 0 5 ,J&J' (119 119k
PhlledcL A Erie.........
*•
50
1
113
1st m ort. 6s....... .........1905, J&J
113k
H ut'and......................fBostonj.100
84
82
Ogden. & L .C .,C o n ,6 s...l9 2 0 ,A & 0
preferred.............
“
100
15
Loo, 6 s...................................... 1920
S k a t ie r o ... ................ (Balt.) .1 00
9
Ru tland, 1st,6 s............ 1902,M&N [105 107
Preferred.................
“
100 ......... ......
2d, 5s........................... 1 8 9 8 ,F&A
OS 100
We*t End..................... (Boiton). 50; 7 7 k 78
P referred...................
••
50
94 96
107%
Baited Cos, o f N. J ., (Phila.).XOO . . . . . . 247
Buffalo R y. eon. 1st, 5 b...........1931
Sea 8b,
•*
50
Latawissa, M ..7 s ................... 1900,F&A
109k HO
Western S ix . A Penn
"
100
2%
2 k Cboo. Okla. & Gulf, prior lien 6 s.. 109 110
Wisconsin Central.. . (Bolton ) . 100
2
3
General 6»....................1919, J&J
8 0 k .......
P referred....................
•• 100
4
2
Cltbsens’ Bt.Ry.of i nil.,con.5s. 1933
70 •........
'W owki.S SAb.dtRoch.
*•
100 112 118
Columb. Bt. Ry,, 1st, eon. 5n.. 1932
*uacKl.L*.xiiot:g.
Colttmb. O. Orosatown, lst,5 s.l9 3 3
A Tone.* Min k , asst pd(Boston). 25 •50 1-00 :Consol. Tract, o f N. J., 1st,58.1933
8 8 k 89
A seer. By. El, L igh t.. (Philo.).
0
6k Del. & B 'd B r'k , 1st, 78.1905,F&A
A tla aac M in is*. . . . . . (Boston). 25
19
19k Easton & Am , lutM.,5 b. 1 9 2 0 ,M&N ioT::::
Bay Bsase (itu» t
"
4%
50
4% Eleo. & People’s Trac, stock, tr. otfs 69% 70
8 ■■•(ex. L a r d . . . . . . . . .
”
4
10
4 k Elmir. A Wilm., 1st, 6s. 1910, J&.T.
Centennial Stint ng. ..
“
10 5% 5% iHestouville M. & F., eon. 5s., 1924 119
114
Part Wayne E 1*et.c ..
■•
25
H
k Hunt. A B r ’d T o p ,ft™ ,6 s.*95,A&O 105
prank;to M in in g ,....
“
2ft 10
16k K. C. Sub. Belt 1st 6 s ,..1920, J&D 07
Ptehehmluk Bay l,*d.
"
a
k
H Kan. C. Pitts. & G. 1st 5s. 1923, A&O 0 9 k 7 i
.Kesraarge M ining,. , .
**
25 18
17 Lehigh N s,\ .4 k s.........1 9 1 4 ,Q—J 112
0 *.'v-,,.a M.t.lttg.. . . . . . 11
25 20
29 k
2d 6s, gold................... 1897, J&D 104k 104%
ruinr.ua padftee Car.
'
100 169 l(fO 1 General m ort. 4 k s , g . 1 9 24,0—F
r»!>t.*/iv*:.i* S teel.. (Phila.). 100
Lehigh Val,Goal 1st 5s, g. 1933,.) &J
Preferred 7 - .............
" uto
Lehigh V alley, 1st 6 s ...1898, J&D
Q ilttcr Hliitug. ........ Boiton), 25 108 i o i k ] 2d 7 » ..............................1910, MAS
131
1mr,ar...V M in in *.,., “
25 121 123 I C o n so l.6 ...................... 1923, J&D
Water P ow er, . . . . . . . .
*■
lo o
1 Newark Passenger, oon. 5s... 1930 108
h
W ssttegh. Klee, A M ..
••
50
21
North Penn, le t , 4 s ....1 9 3 6 ,5*&N
Fret., cumulative
"
50 50 22
51
Gen. M. 7 s ............................. 1903, J&J
120k
B o n d * —S o t t o o .
Paterson R ailway, consol. 8 s.........
A t Tnp. * 8. Y. general g. 4s, 1906 58«k 82k Pennsylvania gen ,6 s , r..1910, Var
Ad 1ns>irtten&g. 4s, 1 9 9 6 ............. (49
49 k
Consol, 6a ,0
1905, Var
Seaton Ctitled Oas 1st 5 s ,,. . . . . . , . ;83
85
OobsoI. 5 s ,r ...................1919, Var 119

•Trie* iPrlfdra overdue conroe.

9k

Lowest.

4,876

136%
104%
228k
123k
16%
375
'60
*55k
19
20
65
*31
*67

20
20
38
38k
106 106
13k 13k

Bid,

95
25k
109k
8k
25
59
72k
13k
38k
177
52k
69%
101 ie

Range of sales In 1897.

Bid

Bonds.
Penn,—Collat.Tr. 4 k g.1913, J&D
Pa. &N. Y. C a n a l,7 s ...l Of ,J&1
Con, 5s........................ 193 . A&(
People’s Trac. trust eerts. 4s.,1943
Perklomen, 1st ser.,5s.l91S, Q—J
Phila.&Eriegen.M .5g„1920, A&O
Gen. mort., g ........ .1920, A&O
Phila & Read. 2d, 5 s ...1933, A&O
Consol, mort. 7s....... 1911, J&D
Consol, mort. 6 g . . . . . . 1911, J&D
JmprovementM .6 g., 1897.A&O
Con. M. of 1882, 4 s .... 1937, J&J
Terminal 5s. g ......l9 4 1 , O.—F.
PM], Wilm. & Balt,, 4S.1917, A&O
Pitts. C. & St, L „ 7 s ....3900. F&A
Reading Co. gen. 4s___ 1997, J&J
Rochester Railway, oon. 5s ..1930
Sohuyl.R.E.Side,1st 5 g.1935, J&D
Union Terminal 1 s t5 s .......F & A

4

1907, J&J
Baltimore Belt, 1st, 58.1990, M&N
Balt, C. Pass. 1st 5 s .... 1911,M&N
Balt. Traction, 1st 5s..1929, M&N
Extern & impt. 6s___1901, MAS
No. Balt. Div., 5s.......1942, J&D
Baltimore & Ohio 4 g., 1935, A&O
Pitts. & Conn., 5 g...,1925, F&A
Staten Island, 2d, 5 g.1926, J&J
vers’ certtfloates, 6s..J&D
aryland Con,true., 5s........ 1
Do. Plttsb. & Connells., 5s..J&J
Bal.&Ohio 8.W.,1st,4 k g.1990, J &J
OapeF.&Yad.,8er.A.,0g.l916, J&D
Cent. Ohio, 4 k g...........1930, M&8
Cent. Pass., 1st 5s....... 1932, M&N
City & Sub., let 5a........ 1922, J&D
Chari. Col.&Aug.ext,58.1910, J&J
UoL & Greeny., 1st 5-68.1917, J&J
G eorgia* Ala.,Istpf. 58.1945, A&O
Ga.Car. & Nor. 1st 5 g ..l9 2 9 , J&J
Georgia Pac., 1st 5-6s.. .1922, J&J
Qeor. 80. & Fla., 1st 5s.. 1945, J&J

»

101%

98k

i’m
123
128k
120k

MiSCKH.ANEOGS,

Baltimore Water 5 a ...1916, M&S
Funding G s ..«,_ .......1916, M&F
Exchange 3 k s ............1930, J&J
Virginia (state) 3s,new . 1932, J&J
Funded debt, 2-3s....... 1991, J&J
Chesapeake Gas, 6 b____ 1900, J & l
Consol. Gas, 6s-------- ...1910, J&l

..IBS” , TA

98%
106

115k 116
110
82

80

S2k.

101k 102
121

122
S5
113
111
105i« 106
l l i k 111%
100
102 102k
— — 100
96
98
.....a

113
lll^ s
108
112
100
81
115 k
96%
North, ce n t. 6 b.............1 9 0 0 , J&J 108
6s . . . . . . . . . . . . . . . . . . . . - .1904, J &J 111
Series A, 5a..................1926, J&J 116k
4 k s ............................. 1925, A&O 108
Pitts. & Connells, Ist7 s.l8 9 8 , J&J 105
Soatbern, 1st 5s..............1994, J&J
90k
Virginia Mid., 1st 6 s . ..1906. M&8 113k
2d Series, 6s................ 1911 M&8 118
3d Series, 6» ...............1916, MAS 13 4 k
4th Series, 3-4-Ss...... 1921, M&S
98
5th Series, 5 s ..............1926, MAS 103
West Va C .& P . 1st, 6 g . 1911, J&J 109 k
Wilm. Col. & Aug., 6 a ..l9 i0 , J&D 115

5s . . . ______

3
12
13
16
15
1
6
15
1
29
24
2
20
18
1
14
lg
18
3
12
9

111%
_____ f

8 lk
97 k

*«**•*>•'

90 k
119k
...KISS.

110
......

121% 122k
106% 107 k
74
75 k
64 k 64%
103
117 il7k
109 k 110 ‘

THE CHRONICLE.

J une 5, 1897.]

NEW YORK STOCK EXCHANGE PRICES (Continued)— A C T I V E

1081

BONDS JU N E

4

AND FOR YEAR

1S9T,

, _ ,, Closing Range (tales) in 1897.
Range (sales) in 1897
ln fst Closing
R a il r o a d an d
Ra il b o a d and
/»<!*< Price
Price
Period June 4.
Pertodl June 4 ,
Misc e l l a n e o u s B on d s .
M iscell an eo u s B onds .
Lowest.
Highest.
Lowest.
Highest, ti
A A O t 83 b, t81 May t85 Jam
L.
N.A&C.—Oon., 6g, tr.rs.1916
Amer. OottonOE, del)., 8g. 1900 Q -F 106 b. 106 Feb. 109 Jan.
Ainer. 8plrit Mfg., 1st, 6g.l91o Jrl & S 72%b. 70 Apr. 81% Feb. Manhattan oonsol. 4s___ 1990 A A O 94
91% Apr. 95% Feb.
793s
74% Jan. 80% Feb. Metro. Elevated.- 1st, 6g.l908 J A J 121
Ann Arbor.—let, 4s, g .......199o Q—J
116% Jan. 120% May
2 d .6 s............................... 1899 M A N 104% 104% June 107 % Apr.
At.T. &S.F.—New gen. 48.1995 A & Oi 83%
78% Apr. 83% June
49
Adjustment 4 s................1995 Nov.
41% Apr. 49% Feb. Mex. Internat’i—1st, 4, g.1942 M A S
69 Mar. 73 Jam
B’ way<fe7thAv.-lst.oon.g.5s’43 J & D .118
Mloh. Cent.—1st, oons., 78.1902 M A N 116 b. 116 May 119 Apr.
116% Jan. 120% May
Brooklyn Elev. l8t, 6 g ....l9 2 4 A A O t 74 b. 70 Feb. 78% Apr.
Oonsol., 5 s ..................1 9 0 2 M A N 104%b. 107 Feb. 103 Mar.
Union Elevated.—6 g .... 1937 M A N I 7413b. 68 Feb. 79% Apr. Mlnm&St.L.—1st oon.3s,g. 1934 M A N 101 % 100 Jan. 103% Apr.
Bklyn Rap. Trans., 5 g,...1945 A & O 72%b. 70 May 81 Feb. Mo. K. <fc E.—1st 5s, g., gm.1942 A A O 90
88% May 95% Jan.
105% Jan. 112% Apr. M. K. * Texas.—1st, 4s, g. 1990 J A D 83%
Bklyn.Un.Qas, 1st, oon.og. 1945 J & J 112
82 Jan.
85 Mar.
97
B’ klynWhrfAW.H—let,5a,g. 45 F 4 A
2d, as, g .......... ........
1990 F A A 59%
91% Mar. 101 Jan.
54% May 63 Jam
70 b. 68 May 87% Jam
Bum B, & P.—Gen. g. 58.1937 m & a 98 a. 95% Mar. 99 Feb. Mo. Pao.—1st, oon., 6g...... 1920 M A N
J
A
J
112 b. 108 Jan. 112% June
3d, 7s................................ 1906 M A N
Canada Southern.—lBt,5s,1908
98 Mar. 105 Jam
104% Mar. 108 Feb.
2d, 58...........
Pao. of Mo.—1st, ex., 4g.l938 F A A
1913 M A S 107
100 Apr. 101% Feb.
2d ext. 5s......................1938 J A J 101 b. 100 Apr. 103% Jam
Cent, of Ga.—1st, g., 53...1915 F & A 113% 112% Feb. 113% Mar.
83
86% June 92% Mar.
Cons., 5s, g .................... 1945 M A N
St. L.&Ir.Mt.Ark. B.,5s.l935 J A D 102 b. 103 Apr. 104 Mar.
Central of N. J.—Cons.,7s, 1899 Q - J 10514b. 106% Apr. 108 % Mar.
1st ext., g „ 4%s........... 1947 F A A 103%b. 104 June 104%June
M
A
N
115%
Mar.
115
Mar.
Consol.. 7 s ....................... 1902
Gen. R’y A land gr. ,5g. 1931 A A O 73
67% May 77% Feb.
106 May 118 Feb. MobEeAOhlo—New6g ...1927 J A D 116% 116% June 121 May
General mortgage, 5 g ...l9 8 7 J A J 110
95
L e h .i W.B.,oon.,7a,as’d.l9 0 0 Q -M
90 Apr. 104% Feb.
General mortgage, is. 1938 M A S 67%
65% Apr. 68% Feb.
“
mortgage5s.l912 M A N 76 b. 75% May 90 Feb. Nash. Oh. ASt.L.—1st, 7 s..1913 J A J 130%b. 127% Jan. 131 May
Am. Dock & Imp., 5s — 1921 J A J 11533b. 114 Mar. 116% Feb.
Oonsol., 5g....................... 1928 A A O 98 b. 99 May 102% Mar.
Central Paoitlo.—Gold, 68.1398 J A J 10278b. 100 Jan. 103% May N. T. Central—Debtext. 4s. 1905 M A N 103 %b. 101% Jan. 104% Mar.
Eiten. 5 ......................... 1893 J & J 101 %b. 99% Jan. 101% Apr.
1st, oonpon, 7s.................1903 J A J 120 %b. 117% Jan. 121% Apr.
Cbee. & Ohio. —Ser. A, 6g.. 1908 A A O 120 b. 119 Jan. 121% Mar.
Deben.,5s, ooup., 1884. .1904 M A 8 109 %b. 106 Mar. 110% May
A
A
O
12013
b.
121
Mar.
118% Jan.
Mortgage, 6 g . . . . ........1 9 1 1
N. Y. A Harlem,7s, reg.,1900 M A N %09%b. 110 May 114 Mar.
lstoonaol.,5g................. 1939 M A N 110 % 107% Jan. 112 Apr.
R.W. A Ogd., oonsols, 58.1922 A A O 120 b. 117% Jan. 121 Feb.
M
A
8
737a
72
Mar.
General 4%s, g ................ 1992
76% Feb.
West Shore, guar., 4s. ...2361 J A J 109 b. 105 Jan. 109% Apr.
97 Jan. 104% Mar. N. Y. Ohio. A St. L.—4 g.,.1937 A A O 104% 103% Apr. 106% Mar.
R. A A. Dlv., lstoon., 4g.l989 J A J 102 %
J
A
J
94
a.
93%
June
86
Jan.
“
2d con., 4 g ..1989
N. Y. Lack. A W.—1st, 6 s..1921 J A J 139 b. 136 Mar. 138% May
Ohio. Burl. & Q.—Com 7s. 1903 J A J 11944b. 115 Jan. 119% June
Con8truotion, 5s..............1923 F A A *116%b. 116% Mar. 118 Jan.
M
A
N
100
101
Apr.
93
Feb.
Debenture, 5s..... .............1913
N.Y. N. H. A H .—Oon. deb. otfs. A A O 137
132% Feb. 140 Mar.
99% Mar. 103% June N.Y. Ont. & W.—Ref. 4s, g.1992 M A S 93%
Convertible 5s.................1903 M A S 103%
96 Feb.
88% Jan.
Denver Division 4s........ 1922 F A A 95 b. 93 Feb. 96% Jan.
Oonsol., 1st, 5s, g ............ 1939 J A D 108 %b. 108% Feb. I l l May
91%b. 87% Jan. 93 Apr. N.Y.Sus. a W.lstref.,5s, g.1937 J A J 101%b. 100 Jan. 103% Jan.
Nebraska Extension, 48.1927 M A N
Han. & 8t. Jos.—Cons. 68.1911 M A 8 119 Qb. 118 Mar. 121 Feb.
Gen. 5 g ...........................1940 F A A 70 a. 69 Apr. 74% Jam
Ohio. & E. IE.—1st,a. f. 68.1907 J * 5 11213b. 114 Apr. 115 Apr.
Midland of N. J., 6s, g.,.1910 A A O 117 b. 116% Apr. 119% Jan.
A
A
O
125
>3b.
ConsoL 6g........................1934
124 Apr. 126 May Nor. A W. Ry.—1st, 00ns.,4g.’96 A A O 71 b. 67% Apr. 74% Mar.
General oonsol., lat o s ..1937 M A N
99%
98% Feb. 101% Mar. No. Paolflo—1st, ooup. 6g.l921 J A J 118 b. 113 Jan. 117% May
M
A
N
108%b.
88%
Chicago A Erie.—1st, 5 g ..l9 8 2 ‘
108% May 112 Jan.
Prior lien, ry. A l.g. 4, g. 1997 Q - J
88% Mar.
85% Jan.
54%
93 J an. 102% June
Ohio. Gas L. A O.—lat, 5 g.. 1937 J A J 102 %
General lien 3 g..............2047 Q -F
51% Apr. 56% Feb.
J
A
135
J
A
J
103
b. 97% May 110 Mar.
Ohio. M11.& St. P.—Con.7s.1905
123 Jan. 135 June No. Paolflo Ter. Co—6g___1938
118 b. 115% Jan. 119 Apr. Ohio A Miss.—Corns.!, 7 s.1898 J A J 104%b. 104 Mar. 104% May
lat, Southwest Dlv., 6 s..1909,, A
122 a. 115% Jan. 120 June Ohio Southern—1st, 6 g..,1921 J A D * 87 a. 83% Feb. 90 Jam
1st, So. Minn. Dlv., 6 s..1910 J A
11619b. 112 Jan. 116% June
8 b. t 8% Apr. 115 Jan.
1st,Ch.APao.W.Dlv.5s..1921 J A
General mortgage, 4 g.,1921 M A N
A
J
113
106% Jan. 113 June Oregonlmpr. Co.—Ist6 g ..l9 1 0 J A D t 84 b. 185% Mar. 90% Jam
Ohio. A Mo. Kiv.Dl v.,5s. .1926
113% 110% Jan. 114% May
Wise. A Minn., Div ,5g...l921 J A
Oonsol., 5 g ........ ........1 9 3 9 A A O t 17 b. 15 Feb. 119% Mar.
113 %b. 110% Jan. 114% May Ore.R.ANav. Co.—1st, 6g.l909 J A J 113% 110 Jan. 114 Apr.
Terminal, 5 g ................ ..1914 J A
Gen. M., 4g., aeries A___1989 J A
96 Jan. 102% Mar.
IO2I9
RR. & Nav. oonsol., 4 g.1946 J A D 83%
80 Jan. 86 May
J
A
D
117 b 118 Jan. 118% Feb.
Penn. Co.--4%g, ooup.......1921 J A J 113 b. 109% Jan. 113% May
MIL & Nor.—1st,oon.,6s.1913
Ohio. A N. Pao., 1st, 5 g.... 1940 A A O i 41% 140 J an. t44 Jan. Peo. Deo. A Evansv.—6 g.1920 J A J 93 b. 93 May 104 Feb.
Ohio. A N. W.—Consol.,7a.1915 Q -F 144%b. 140 Jan. 145% Apr.
Evans. Division, f ig .......1920 M A 8 90 b. 91 June 106 Feb.
Coupon, gold, 7 s .............. 1902 J A D 117% 118 Jan. 121% May
27% Jan.
2d mortage, 5 g ................1926 M A N m o b. 110 May
A
A
O
114 Jan. 119 Mar. Pitts. Sh. A L. E., 1st, 5 g. 1940 A A O 103
Sinking fund, 6 s ............ 1929
95 Jan. 103 May
Sinking tund, 5s..............1929 A A O lll% b , 108% Apr. 112 Mar. Pittsburg A Western—4 g .1917 J A J 67
74% Jan.
67
June
Sinking fund, deben.. 58.1933 M A N 115 b 110% Jan. 115 Apr. Reading Co.—Gen., g. 4s .1997 J A J 82%
82%June
80% Apr.
25-year debenture, 5 s...1909 M A N 109% 108 Jan. 110 Apr. RloGr. Western—1st 4 g ..1939 J A J 73
70% Mar. 74% Feb.
Extension, 4 s ...... . .....1 9 2 6 F A A
101 Jan. 104 May St. Jo. & Gr. Island—6 g.,1925 M A N t 55% t47% Jan. 155%June
Mil. L. Sh. A W., 1st, 6g. 1921 M A N 13l%b, 131 May 134 Apr. St. L. ASanFr.—6g,Cl. B.1906 M A N 114 b. 112 Jan. 115% Feb
Extern A Imp., 5 g .....l9 2 9 F A A 114 b, 112 Mar. 115 Jan.
General mortgage, 6 g.,1931 J A J 114%b. 108% Jan. 114% June
Ohio. R.I. APao.—6s,ooup. 1917 J A J 132 b 128% Jan. 132 Apr.
General, 5 g ...............
1931 J A J 100
94% Jan. 100 June
Extension and 00L, 5s...1934 J A J 106% 101% Jan. 106% June
RaEroad, 4 g .................. 1996 J A J 67%
67% June
62% Jan.
67
80-year debenture, 5a...1921 M A 8 97 b 93 Jan. 99% Feb. St. L. A So. W.—1st, 4s, g.1989 M A N
59 % Apr. 70 Jam
Ohio. St. P. M. A 0 .-6 8 ...1 9 3 0 J A D 130% 126 Jan. 133% May
2d, 4s, g., lnoome........ ..1989 J A J 23 b. 15 Apr. 28 Jan.
Ohlo.&W.Ind.—Gen.,g.,6a. 1932 Q -M 118%b, 116 Mar. 117% Jan. Bt.P.M. AM.—Dak.Ex.,6 g. 1910 M A N 120% 116% Jan. 122 Apr.
Olev. Lor. A Wheel.—5a...1933 A A O
93 May 102 Jan.
lstoonsol.,6 g . . . ........... 1933 J A J 127%b. 123 Jan. 127% May
J A J 108%b. 102% Jan. 107 Mar.
0 .0 . C. A I.—Consol.7g ...1914 J A D '130 b. 131% Jan. 134% May
“
reduced to 4%
General, oonsol., 6 g . . . . 1934 J A J *128 b. 123% Jan. 127% May
94% May
Montana extension, 4 g.1937 J A D 92
87% Jan.
C.C.OA3t.L.-8t.L.Div.,4s.l990 M A N
95%
92% Jan. 96% Apr. San.Ant.A A .P.—lst,4g.,gu.’43 J A J 58
59% Mar.
54% Jan.
90 b. 87% Feb. 93 Apr.
Peo. A E., 4 s ..................1940 A A O 70 a. 70 Mar. 75 Jan. So. Oar. A Ga.—1st, 5 g.,.1919 M A N
Col. Midland—Dona., 4 g..l9 4 0 F A A
7%a. I 6 May t l7 Jan.
So. Paolflo, Ariz.—6 g ... 1909-10 J A J ' 93 b. 90 Feb. 96% May
115% Mar. 118 Feb. So. Paolflo, Cal.—6 g . . . 1905-12 A A O
Ool. A 9th Ave. gu. 5s, g.,1993 M A 8 117
106 May 108 Jam
63 Feb. 88% Jan.
Ool.H.Val.AToL—Corn,5g. 1931 M A S t 67%
1st oonsol., gold, 5 g ....,1 9 3 7 A A O 83 b. 85 Feb. 89% June
General, 6 g ...................1904 J A D * 50 a. 49% Feb. 87 Jan. So. Paolflo, N. M.—6 g .......1911 J A J 105% 102 Jan. 106 May
Denv. A Bio Sr.—1st, 7s,g.l900 M A N 109%b. 109% May 113% Apr. Southern—1st oons. g, 5 s.1994 J A J 91
87% Mar. 91 Jam
1st oonsol., 4 g............... 1936 J A J 88%
E. Tenn. reorg. Ueai-Ss. 1938 M A S 86 b. 86 May 89% Jan.
87% May 89 Jan.
Dul. & Iron R’ge—1st, 5s.1937 A A O 97%b. 98% Apr. 101% Jan.
E. T. V. AG.—1st,7 £ ....1 9 0 0 J A J 110 b. 107% Jan. 110 May
102%b. 99% Jan. 102 Feb.
DuL So. Sh, A Atl.—5 g ....l9 3 7 J A
Oon. 5 g ...... ................ 1956 M A N 107% 107 Jan. 109% Apr.
113 b. 104% Jan. 113 May
Edison El. 1E.—lst,oon.g.5s.’ 95 J A
Georgia Pao. latS-Sa, g.,1922 J A J 115%b. 107% Jam 116 May
89%b. 83% May 95% Feb.
Erie—4, g, prior bonds
1996 J &
Knoxv. A Ohio Ist6 s,g..l9 2 5 J A J 115 a. 112 Jam 115 Feb.
General, 3-4, g . . . . ........1996 J A J 65
Blob. ADanv. 00m 6s,g..1915 J A J 122%b. 117% Jam 123 May
62 May 66% Feb.
Erie By.—1st, oon., 7 g ..l9 2 0 M A S 141% 139% Mar. 143% Feb.
West.No.Oarl8toon.6s,gl914 J A J 115% 111% Jam 114% May
L’g Dock, oonsol., 6 g. 1935 A A O 135 b. 133% Jan. 138 Mar. Standard RopeAT..lst.6g,1946 F A A 68
65 Mar. 79% Jam
Ft. W. A Den. C ity—4-6 g.1921 J A D 57%
53 Jan, 59% Mar. Tenn. 0 . 1. A Ry—Ten. D .lst, 6g A A O 79 b. 80 Apr.
88% Mar.
89 b. 83 May 91% Feb.
GaLH.A9an.An-M.AP.D.lst.5g M A N
Birmingham Dlv., 6 g.,.1917 J A J * 79 %b. 79 Apr. 89 Mar.
Gen. Eleotrlo, deb. 5 s ,g ...1922 J A D 95%b. 90% Jan. 98 May Texas A Paolflo—1st, 0g..2000 J A D 89
90 Feb.
85% Jam
Hous. A T. Cent. gen.4s,g.l921 A A O 67 b. 65% Apr. 70 Mar.
2 d ,income, 5 g .......,....2 0 0 0 Maroh 22
23 Jam
18 Apr.
Illinois Central.—4s,g..._. 1953 M A N 100 b. 99% Jan. 103 Jan. Toledo St OhloOent.—5 g. .1935 J A J 103 b. 102 Mar. 108 Feb.
WesteraEtnea.lst, 4s, g.1951 F A A ’ 105 b. 100% Feb. 105% May ToLSt.L. A K an.0.—6 g ...1916 J A D t 72%b. 166% May 175 Feb.
Int-AGreatNor.—lst,6s,g 1919 M A N 118 b. 117 May 120 Apr. Union Paolflo—6 g ___.....1 8 9 8 J A J 103 %b. 101% Mar. 105 Feb.
2d,4%-5s........................ 1909 M A S
75
Ext. sinking fund, 8....... 1899 M A S 1 88
73 Jan. 80 Feb.
95 Feb.
85 Jam
90%
Iowa Central.—1st,5 g ....1938 J A D
OoEateral trust, 4%....... 1918 M A N t 32 b. 149% Jan. f50 Jam
88 Apr. 97% Jan.
Kings Co. Elev.—1st,5 g ..1925 J A J 45 b. 44 Feb. 50% Mar.
OoUat. tr. 6s, g. notes... 1902 j?' A A 100 % 101 May 101% May
Laofede Gas.—1st, 5 s ,g ... 1919 Q—F
93
Kan. Pao.-D en.D lv.,8g.l899 M A N 117%b. 113% Jan. 117% May
93% Jan. 93 June
Lake Erie A West.—5g.. ..1937
A J 117% 113% Jan. 117% Juno
IstoonsoL, 6 g .. . . . . . . . 1919 M A N t 69% t67 Jan. t78 Jan.
Oregon Short Line—8 g.1922 F A A 118% 1111% Jan. 119 Mar.
L. Shore.—Con,op., 1st,7 s.1900 J A J 113 b. 110% Jan. 113% Mar.
Or.8.L.AUt’hN.—Oon.,5gl919 A A O t 75% t63% Jam 177% Mar.
Consol, ooup.,2d, 7s.....1903 J A D 120 %b. 119 Jan. 1124% Mar.
Leh.Vat.Ter.—1st, gu., 5a. 1941A & O 108% 106 Apr. 111% Mar.
U.P.Deu. A Gulf,oon.,5 g. 1939 J A D 36%
33 Apr. 37 Feb.
‘ APaV.F.gu.
1
-----Lex. Av.
5s,g
19931M A S 117% 115% Mar. !ll8 Feb. U. S. Leather—8. F.deb.Sg.1913 M A N 111 % 110 May 114 Feb.
113 Jan. 1119 May Virginia Mid. —Gen.M., 5s. 1936 M A N
Long Island.—1st oon.,5g.l931 Q -J 117
99 b. 100 Jam |l03% Mar.
General mortgage, 4 g ... 1938 J A D 87 b. 76% Jan. 88% Mar. Wabash—1st, 5 g ...... ........ 19391M A N 102 % 101% June 107% Jan.
6 6 % 63% Apr. | 73% Jan
Louis. A Nash.—Cons.7s.. 1898 A A O 103 %b. 102% Apr. 106% Mar. | 2dmortgage, 0 g . . . . . __ 1939 F A
N.O A Mobile, 1st, 6 g ... 1930 J A J 121 b. 116 Jan, 121% May j Deben., Series B ............1939 J A , 20 %b I 18% Apr. 25 Jan.
“
“
2 d ,6 g.. 1930 J A J 102 b. 98% Jan. 103% Mar. |WestN. Y. A Pa.—1st, 5 g .l9 3 7 1 A
103 b ,104% Jam 108% June
Gen. 2-3-48, gold........1 9 4 3 A A
46 b 43 May I 50 Feb.
General,6g..................... 1930J A D *115 b. 115% Jan. 118% May
80% j 78% Jan. I 81 Feb. |West.Un.Tel.-Ool.tr. 5 s ..1938 J A ! 109
Unified,4g.......................1940J A J
(106% Jam 109 Juno
Louis,N. A. AOh.—lst,6s.l910IJ A J 114%b, ! l l l Jan. 114 May ' Wlso. Cent. Co 1st 5 g ...1937 J A
t 31% It 28 May It 40 Mar.
Moim—'“ b " lLdioates prloe MB/ "a ” prloe a*k«B/ the range la made up from aotual sales only. * Latest prloe this week, t Trust reoeipts.

J

NEW YORK STOCK EXCHANGE PRICES—(Continued ),— I N A C T I V E
SECURITIES

Bid.

Railroad Bonds.
( Stock Exchange Prices.)
Alabama Mid.—1st,g.. guar.. 1928
Atoh. Topeka & San Fran.—
Chicago & St.Lou.—1st. 68.1915 112
Atlan. AD anv.—lat, g .,5 s ...1950
Atl, A Pao.—2d W. D., gu. 6s.1907
Western Division lnoome.. 1910

Ask.

SECURITIES.

Bid.

Ask.

108
Balt. & Ohio - 1st, 6s, Park B.1919
75
85
5s, gold ................................ 1925
102
Oons. mort., gold, 5s........... 1988 *
W Va. & P itts.-'a t, g„ 5s.. 1990
B. & O. 8. W „ 1st, g., 4% s...l9 9 0
Monon. River, 1st,g., g. 5 s..1919
Cent’l Ohio Reor.—1st, 4% s.1930 *97%
Ak. &Ch. Juno.—1st,g,os,gu.1931
Brooklyn Elevated—2d, 5 s... 19 1£ "43"
Seaside & B.B.—lat,g,5s,gn.l <42

B O N D S -J U N E

4.

SECURITIES.
Brunswlok & W’n—1st, g.. 4s. 1938
Buff.B. & Pitts.—R.& P. lst.6s. 1921
Rooh. <fePitts.—Oons.lst,68.1922
Clear.* Mah.—lst,gu.,g ,5s,1943
Buff. & Susqueh.—1st, 5s, g .1 9 1 3
Burl. Oed.Rap. & No.—1st, 5s. 1906
Consol. & ooUat. trust, 5s.. 1934
Minn. & St. L.—1st, 7s, g u ..1927
Ced. Rap. I. F. & N „ 1st, 6s. 1920
1st, 5s.................................1921

Bid.

Ask

*1251*
118 120
*1041* 106
105 106

THE CHRONICLE.

1082

NtW l'OUK. SXUCM EXCHANtJK 1*B1C* S .- I N A C T I V E
Bid.

*«ststrams*,
a ofcip ~ a »> . * tin .k t.i »t,4%*. i 9 s «
(>-,• k k a BasiL—O sL g.t*. 1987
£%*•- Ry. o f o * . ~
I**, p n t. 11)001!)#, it-, 5# ,..,1 9 * 6
64, M t income, g,» 8# .....1 9 4 5
sa.
iaccaiiiML, &•...««• 1945:
S »,-. A S ot, Dlv., 1*1,8.,5* 1946j
M obil* 1)1r., l i t , g . . S i .......1946
OoJsu of 8 . J ,—Oonv. deb., 6a 1908
Cant. (*»<'tao—
___
j*z: g. 1$, i c r i d A B C S ) ..1 898
Mold 5*. series E .. . . . . . . . . . 1898
lafilO kaB l* Bt .,6 b. . . . ........ 1900
Mori, gold 5 « . . . . . . . . . . . . . . . . 1 9 3 9
Land grant, 8*. 8 ......
...1 9 0 0

*89
28

8

*4
♦nil*
*94

Auk
91%

10

5%

101A
191%

101 %

99

OAi, A O . Div.,OXt,, g. 6 *... 1918
West. P*ciao—Bona*.6*— 1899 102 % 103"

So Railway (C*M—1st, 0 « .1907
5».
....... .......... 1938
Cans. Washington—1st. g., 6a. 193S
C h a t. A S at .—1st, 8*. 7 * ......1 9 3 6
wro-toat

it p f , 1 0 .—FW, M, fond, 6*. 1898
araiic Valloy—le t, g ., 5 e ....1 9 4 0
wartr Spr. v»L , le t, 8- 5 b. . 1941
B ill. !,.& Big Sandy—U. 5s. 1902
CM*. O. A Bo.West.—1st 6s, g-1911

87

104% 106
99% 100

Sd, S t.................................. 1911

BBCDRITIE8.

B O N D S —('C on tin u ed J - J U N E

107*11

.7a-190c 123
— MissouriPaolflo—Trust 5 s ...1917
49b 00
uuu.,
GB, g
...............................
6»---- ...1900 117*4 119
1st
U., 5a,
....................... 1920
i«t. oup., 78.19231*145
. . . . . 11..........*
Mobile <fc Ohio—1st ........
e x t , “6a...1 9 2 7

T

M&Sii&i m, Uf
mm t* & JL Q.4

&%
4% m i

—
lst.ga. g.64.1911
Itnn..g.,5s,..is2g

-1st Uen, 4s,g,. 1995

* IC* 4
3, S i.
3,4%
m, 5m
Sd. 4m
!«%©©»*, ff»x
Mt Y. * 1

*

1

111%

76

*

12 %

107

10T

112

126

31%
40

102%
X02Hi
10434

. . . . ..

123
93

103%

42%

107%

98
97

85
91%
89

106

70

43

» # * . 0S, * . 19 1 0 ! ____

L. K. » * » * ,« !,A .1911

s m -ii

107

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

0 6 . V. -<ior,. tXB.lBt.Kn.fr,58.1938
CS!»•»»•<> A Alton—45. K., 6 s ....1 9 0 3 112
Louis. A Mo. R iv e r -1 st,7 s.l9 0 0 110% 112
S4, ......................................1900 108%
S t t . Jacks. A Chic.—2d, 7a.1898
107
UtekB. Bridge—1st,«. f „ 08.1912
Chle Bari, A B or.—l* t, 5 b. . . . 1926
Chie, Burling, A Q.—5s, e. I..1901 t'103%
Iowa D lv.—Sink, fund, 5 b. .1919 103
8 1 a l:.it a n d ,4 B ............
1919 100
S9i*
Plain, 4».................................. 1921
Chicago A Iow a D lv.—5 8 ... 1905
Oate. A Indiana Coal—l o t Ss.1936
CM. Mil. A Bt. P.—1st,$ s,P .D .1898 105*4
2 4 ,7 3-1OB, P. D ................... 1898 *131
l»t, 7«, S g,, R. D ................... 1902 131
1st, r. A M., 7 8 ,.................... 1897
1st, i. A !>., 7e.......................1899 i ' i i "
1*! ,C. A M ..7e.......................1903 133 135
let, I. A D, Extension, 78. ..1908 135** 138
let, La C. A H »v „ 58.............1919 *112 113
let, 1! .A IX. 7 » ........
1910 130 132
1st, H. A D .,5 b.....................1910 *108**
LMCAgo A Pacific D iv,, 6 s ..1910 120 i ’2 2 '
Mineral Point Dlv, 5s.......... 1910 108
0. A I - Sup. D iv., 5 a ........... 1921 *111
fa r g o A 8 o o t K „ 6 « , A s a u ...1924 107
nc. oonv. sink, ttuid, 5 8 ....1 9 1 6 105
Dakota A GL South., 5 s . . . .1916 111** 112**
WfLA S ot. m ate line—6 * .. .1910 117
t Mc.ANor tv. - 30-year deb. 5 8.1921 1 1 1 % 113
Sseanaba A 1». 8. 1st, 6 * ....1 9 0 1 111
Dee M. A Minn.—1 st,7 s . ...1907
£v s Midland—1st, 8 b.........1900
CblO. A Milwaukee—1st, 78.1898
A in. A 8t. P.—2d, 7 b............ 1907 123
«U . A Mad.—1st, 0a............1905
Ctt. <X P. A St. P.—1st, 58. 1909 108
Northern 111.—1st, 5a..........1910 108
Ua. 1~ 8 A W .-C o n .d e 9 .,5 s. 1907 103
Mick. D iv., 1st, 6a ............1924 131
Ashland Division—l* t, 6* 1925' 127
C h.K .L & P -D .M .A F ,D ,lst4»,1905
lat, 2**s................
1905
Extension, 4 «.....................1905
Keokuk A Dee M .- l o t ,5 s .. 1923
c u e . »!. P. A Minn.— la t.6 s .. 1918
!t . Paul A 8. a - l s t , 6 b....... 1919 130% 132**
CMc. A W. Ind.—1st, s. f,, 68.1919
Chits. A West. M ic h .-5 s .........1921
Un Barn. A D.—Con. s. t , 76.1905
id , gold. 4**e..........................1937
Otr. T).A I t' d—lst.g u . 5 s.g.l9 4 1
City A Sub. (Balt.)—1st, g „ 5s.1922
CleT.A t. A Ool.—Eq. A 2d 08.1930
t ie -. , ACsa.—Tr.ctta.lorl8t6g.1017
75
U & C .A 8 C L.—Gen., g. 4 s .. 1993
Cairo division, 4 b ________..1 9 3 9
90'
-irim-.ACui.DSv.—]*t.«c.4«. 1940
WfclteW. Y al.Dtv,—let,g. 4«. 1940
Llr.-.'A ab.AM.Div.- lst,g.4s,1991
89*4
. in, 1.8 t. L. A C.—lat,g,,48.1936 101
.onitii . 6*...............................1920
Mo.6an.ACt.—O on.l»t,g.5e,1928 io s T
Indian* B. A W .~ 1st pf.7e.19Q0 107%
Ohio lod.A W .—I s t p r e t 5s, ,193s
Poor. A Ka*t.—Income 4a ..1 000
L, col O n. A Ind.—1st, 78,8.1,1390 105**
tcn sol, link, land, 7 8 .......1 9 1 4
1 i..A s jr.—l«t,C.C.C.Ai.78.1901
Clove, I orate A Win—lat, 5 s .1933 *97
Clave A Mmh, V.—Gold. Kb . . . 1988 115
Col. Mid. l i t , k’ ., 0*, aastd___1936
Dai. 1.,, x. A W Mart. 7 8 .... 1907
<58s 5*!*f c * ** Y .—l i t , 74.1906 125
a m t ■ A m m x—le t, 7a__ 1914 142% 144
— ..................
1900;111
li 1 ............................ 1001 *113** 114
i., W „ 7*............. 1915
... 142
2d, 7 e ....................1 8 0 0 /1 0 9
1 ».»jv.,eoiip,7B.1917|
144 ........ i| Dttl. A Waco—1st,5s, g n ..,.1940
„
feBsiaq —1*'

....... 1 8L L. A Cairo—4a, guar........ 1931
....... j Morgan’s La. A T,—1st, 6s.. . . 1920
:
i 1st, 7s...................................... ..
18
Nash, Chat, & 8 t. L.—24, 6 s ..1901
___
IN. O, A. N o. It.—I’ r. 1„ g „ 6s, 1915
[N. Y. Central,—Deb, g. 4 s ....1 9 0 5
111
112 | N ,J , Jnno—Guar, lnt, 4 s...1 9 8 b
120 123% ! Beech C r e e k -ls t,g o ld , 4 s ..1936
114 116% j Onw, A Romo—2d, 5s, g .,g u .l 9l 5
U9
122% j UUoa A Bl. K iv .-4 s , g., gu.1922
101
'• A
g,, is , gu.1993
2’v
tbg. is .1 9 0 3
ia T
N. Y. A Northern—lst, g. 5 s ..1927

**....1895 .»
.......... 1 9 4 7

iQlm

...........* 1 8 2 3
.............1 9 2 0

..........1928|
1920|
..........19161

*114%
124
103% 103%
103
108%
107%

4.

SECURITIES.

Bid.

jErie—(Oon.h~
Bad. A 8. W.—Mortg. 6 8 ....1 9 0 3
ie8«r»ou —1st, go. g 5 s ---- 1909 105
nog] A TtR.—68.......................1922
Dock A Im pt,lls t6 a , our’o y .l 913 106
iv a n s. A T .H .—U t, cons., 6 r. 1921
' »t, v e n e ra i, k. , 5 b ................ 1942
Mt.Yeru.Mi l8 t 6 s................... 1923
*oL Co. Br. 1st, g „ 5s.......... 1930
E >ans. A Indian,—lat, oon s.,192 6
t'iint A P. M a ra —M ort., 6 s... 1920 110
le t, oon. gold, 5 s ................-.1 9 3 9
Pt. Duron D l v . - 1st, 5 b ....1 9 3 9
. »la. Cen A Pen.—1st g. 5a— 1918
1st oon. g., 5 s .........................1943
1st, 1.
ext. g ., 08
1930
Pt. St. Un. D e p .-l s t , g., 4**s.l941 T06*s
50
v i. Worth A R, O .— 1st g ., 5 s ..1928
Gal. Bar. A 8 a n A nt.—1st, 68.1910 105**
89
2d m ort., 7 s.........................-.1 9 0 5
Ga. A Ala., 1st, pref., g. 5 a ...1945
Ga. Car. A h o r .—iBt, ga. 5s, g.1929
Etoueatonle—Cons, gold 5a— 1937 120
N. Haven A D erby, ConB,5s„1918
H oub. A T e x . C.—WaeoAN.7B.iyo3 125
1st g., 5 b (lnt. g td )................ 1937 111
Cons, g, 6 b (lnt. gtd)............ 1912 101
D e b e n l 6a, prin. A in i, gtd, 1897
Debent. 4s, prin. & int. gtd.1897
Illinois Central—le t, g., 4 b. ..1951 110
le t, gold, 3**s.........................1951
Gold 48.................................... 1952
2-10 g., 48............................... 1904 TOO
Cairo Bridge—4s................... 1950
Spring!. D lv.—Coup., 6 b___ 1898 103%
M iddle D iv .-R e g ., 58...........1921 113
O. 8t. L .A N . O —Ten l.,7 e .l8 9 7 101%
le t, consol., 7 s.....................1897 101**
Gold, 5s, o o a p o n ................ 1951 T 2 4 %
Hemp. D lv., l e t g . 48........1951
B ellv.A So. HI., gu,, g., 4**8.1897
Ced. Falls A M ln n .- la t ,7 b.. 1907
lnd. D. A Spr.—1st 7s, 1906, trust
recta., e x b on d s,...........................
Inti. Deo. A W.—l s t , g „ os___1935
Ind. Ills. A Iowa,—1st, g, 4 s ..1939
1st, ext., g. 5 s .........................1943
Int. A G. N’n.—3d, 4s, g .........1821
31
King" C o.-F ,E ;.,lst,6,g.,xtl.A . 1929 *38
Lake Erie A West.—2d g,, 5s. 1941
North’ ll Ohio—1st, gu. g. 5S.1945
L. 8. A M.Son.—B.&E.—N btvVb.’ SS 104
Dot, M. A T.—1st, 7s.............1906
Lake Shore—Div. bonds, 7 s .1899 107%
Kal. A ll. A G. R.—1st gu. 5 s.l9 3 8 114%
Mahon’g Coal S R .—1st, 5 s .1934 120
95
Lehigh V .^ .Y .—1st gn.g.4*as.l940
Lehigh V’y Coal—I8 t5 s,g u .g .l9 3 3
Lehigh A N.Y.—1st, gu. g. 48,1945
E lm iraC .A N .,l8t.g.lstpf.6s.l914
Guar., gold, 5 s................... 1914
lJtohf. Car,A West.—1st 6e. g.1916
Little R ock A M.—1st, 5s, g ,.1 9 3 7
Long Island—le t, 7 s ............... 1898 103*a
Ferry, 1st, g., 4**s................ 1922 *83
Gold 4 s....................................1932
N. Y. A R ’way B . - l 0t ,g . 5 s .1927
2d m ortg., in o ..................... 1927
36
N.Y.B.&JCB.—le to o n . 5 s,g.l9 35 105
Brookl'n&Montauk—lst,6 s.l9 1 1
1st, 5 s ....... .......................... 1911
No. Shore Br.—lstcon .5 s,g,1 9 3 2
Louis. Evans. A S t.L .—C on ,5 s.l93 9
Louie.A N ash,—Cecil. Br. 7 s ,.1907
E. H. A Nash.—1st 6s, g ...,1 9 1 9 111
Pensaooia Division, 6 s.........1920 105
8t. Louis Division, 1st, 6 s ...1921
2d, 3s....................................1980
Nashv. A D eoatnr—1st,7 s .. 1900 109%
« . f.,6 s .-8 , A N , A la .............1910
50-year 5 b, g .,........................ 1937
Fens, A A t , - 1st, 6s, g o ld .. .1921
95
Collat. trust, 5s, g ................ 1931
95
L.&N. A M .A M .—I8t,g.,4*asl945 *104%
Naeh.Flor.A8,—1st, gu,, 5s. 1937
Bo,A No.Ala., oon. gn. g., 5S.1936 *89*'
Kentucky Central—4a, g ..1 987
S8%
L .& N .—Lon. O.&L,—g.4*as. 1931
Lon. AJ ed.Bdge C o ,-G u .g ,4 s. 1945
Lon.N .A lb.AC k—Gen.m .g.5s.l940
44
Memphis A Oharl.—6s, g old-. 1924
M exican Cent, Consol.—la, g.1911
1st, cons, lnoome 3g, g ,____ 1939
Mexican National—1 st,g., 6 s .1927
2d, lnoom e, 6 b, “ A ” . . . . . '___ 1917
2d, incom e, 6s, “ B ” .............1917 * 10 %
Michigan Central—6s.............. 1909
Coupon, 5s...............................1931 i i T
M ortgage 4 s............................1940 104
Bat.C.Aotrgifl.—lst,3s,g.gu,1989
Minn.A Bt. L.—1st, g. 7b.........1927 139
Iowa Extension, 1st,7s.......1909
Southwest E x t —1st, 7s.. ..1 9 1 0
Pacific E xt.—1st, 6 s ............1921 121%
M o.K -A T ex.—1st, oxL, 5s, g .19 44
M o.K .A T .o(T ex.l8t,gn.5s.g.l942
75
Kansas City A P ., lB t,4s,g?.1990
69

e..

[V o l , L X IV ,

100 % ,

119% 123%

N, Y . Busq, A West —2d, 4 % s.l9 3 7
Term inal, 1st, v. 5 s ............ 1943
W !lk .& E a s !,-l8 t,g td „g .5 s .l9 4 2
Northern Pacific—
Bt.Panl A N. P,—Gen,, 6 s ..1923
N orfolk A South’ll—le t, 5s,g. 1941
N orfolk A West.—General, 6 e.l931
New R iver 1st 6s.................. 1932
Tmp. A E xt,. 6s.......................1934
C ol.C onn.& Ter..lai,gu.g.5s.l922
Ohio A Mias.—Consol. 7a....... 1898
2 d oon sol. 7 s .......................... 1911
Bpring.Div.—Is t 7 s ............... 1905
General 5 b............................... 1932
Ohio R iver K R . - 1st, 5s.......... 1936
Gen, g .,5 s .............
1937
Omaha A St.’ L o n l i s ’t,""is!! 1937
Oregon A C a lifo r —1st, 6 o ,g .l9 2 7
Penn-P.C.G.A8t.L.Cn.g.4%sA194rt
Do
do
Series B 1942
Do
do
Series 0 1942
Do
do Series D, 4s, 1941
P .C .A 8.L ,-lst,0.,7s................ 1900
Pitta, Ft. W. A 0.—1st, 7 s ...1912
2d, 7 s ................................. .1912
3d, 7 s .................................... 1912
Ch,St.L,AP.—1st,oon,SB,g...1932
Clev. A P .—Cons., s. fd ,, 7 s .l9 0 0
Gen. 4%s, g,, “ A .............1942
Do
do
Series B 1942
St. L .Y .A T , H .—1 s t,Os.,7s. 1897
2d, guar., 7s.........................1898
Gd.R.&I. E xt.—1st,4% s,G.g. 1941
A lleg.Val.—Gen., gn., Is, g.194,2
N.&Cin.Bdg., gen.gu ,4% s.g.l945
Penn.R R .—1st real. est. g. 4s,1923
Cle.A Mar’ta—1st,gu.g.4% s. 1935
D. Rlv.RR.&Bdg—lst,gu ,g.4s.’ 36
Peoria A Pek. Union—1st, 6a .1921
2d m ortg., 4% s....................1 9 2 1
Pitts. Cleve. A T o l.—1st, 6 s ,..1922
Pitts. A L. Er.—2 d g. 5s, “ A ” . 1928
l'itts. Mo. K. A Y . - l s t 6s.......1932
Pitts. Painev. A F.—1st, 5 s . ..1916
Pitts. Shen. A L. E .—
1st ooneoh 5s.......................... 1943
Pitts. A West.—M. 5s, g .1891-1941
Pltte.Y’gst’n&A.—1st, 58.oon.1927
R io Grande So.—1st, g., 3 -4 s.194,0
St. L. A, A T. H .-T e r m , 5 s .. 1914
BeUev. & Car.—1st, 6s......... 1923
Chi. St.L.APad.—1st,gd.g.Ss 1917
St. Louis So.—1st, g<£ g, 4s. 1931
do
2d in c om e,5 s.1931
Oar. A S haw t.—i s t g . 4 S ....1 9 3 2
St. L. A 8. F,—2d 6 a ,g „ cl. A . 1906
2d, 6s, <?,, class C .................. 1906
1st, trust, gold 5s................. 1987
Ft. 8. A V. B. B g .-1 s t , 6 3 ...1 9 1 0
St.L.KamA S.W.—1st, g .,63.1916
St. Paul City R y , oon. 5s, g. ..1937
Gold 5s, g u a r .........................1937
8t, Paul A Dnluth—1st, 5s___ 1931
2d m ortgage 5s.......................1917
Bt. Paul Minn A 51,—2dM,6s,190S)
Mlnneap. Union—1st 6 s___1922
Mont. Cen.—1st, guar., 6 s ..1937
1st guar. g. 5s..................... 1937
East. M inn., 1st div. 1st 5 s .1908
W "tra tA S iou xF ,—1st, g,5s,1938
San Fran. A N. P.—1st, g., 53.1919
Sav.FLAWest. - 1 s t, con. g .6s.l9 34
8 aboard & R oan oke—1st, 5S.1926
Seat.L.S.&Eaat., Ist68,aadt.pdl93 1
Southern—Ala. Cent., 1st os. 1918
AtL A Char.—lnoom e, 6 s . . . 1900
Colum. & Green.—1st, 5-68.1916
E. T eam V. A Ga.—Dlvis.Ss 1930
RI 0I1.& Dan.—Eq.. s. f. g. 5s. 1909
Deben. os, sta m p ed .........1927
Vir’ a Mid.—Serial ser.A , 6a.1906
Series B, 6 s ........................ .1911
Series C, 6 s .......................... 1916
Series D, 4 -5 s ___
1921
Series E, 5 s ................
1926
Series F, 5 s.......................... 1931
Gen., 5s, guar., stam ped .1936
W ash.O.Aw.—1st our.gu.48.1924
Stinbury & L ew is.—1st, g .,4 s .l9 3 6
fe r . Ais’n of St. L.—1st, 4%s,1939
le t, oon. g. 5 s...............1894-1944
8t.L.M er.Br.Term ,,g,otj,gtt..l930
Texas A N ew Orleans—ls t.7 s .1905
Sabine Division, 1st, 6 s....... 1912
Consol. 5s, g . ................
1943
Tex. A Pao., E, D .~ 1st, g. 6<s,1905
Third Avenue (N.Y).—1st 5s, 1937
T.AO.O.—K an.A M., Mort. 4S.1990
Tol. Peo. A West.—1st, g., i s . 1917
Ulster & D el.—1st, oon.,6.,5 s .1028
Union Pacific—lat, 6 a ............ 1896
1st, 6 s .......................................1897
1st, 6a...................................... 1899
Collateral Trust, 6 s.............. 1908
Collateral Trust, 5 s.............. 1907
Kansas Paolflo—1st 6s, g . .. 1895
1st, 6 s ,g ....................... .....1 8 9 6
C. Br. U P. - F . e., 7 s...........1895
Atoll. Col. A Pae.—1st, 6 s ...1905
U .P . U n . A OdjL—lst,g „5 B . 1918
Utah A North.—1st, 7a........ 1908
Gold, 5s................................ 1926
Utah Southern—Gen., 7s ..1 909
Extern, la t, 7a....................1909
Wabash—Debenture, Her. A .. 1939
Debenture, Series B ............ 1939
Det. A Ohio. E xt, lat, 5s, g .1940
Bt L.K.O.AN.-8t.C.ISdge6 <. 1908
W estN .Y .& P a,—lnoom e 5 s . .1943
W est Ya. 0. A Pitts.—1st, 6s. 1911
W heel.AL,E.—1st. 5 b, g o ld ...1926
W heeling D iv., 1st, 5a, g .,.1 9 2 8
Extension A Im p, g., 5s.___ 1930
WIs. Gent, lnoom e 5 s ...............1937

,Isssa ie , -e latest quotation * made this week, B o r Jk iffC vlia n eou s B o n d s —See 3d page preceding

Bid.
101 %

T27
103
121
118

Aek

72
89
106

T04
104% 105
102”
"9 9 %

*48

55

i"io%
110 %

107%
100
110

137
136
130
110 %

TOO

T15
79

80

105

114
114
*87

115
114%

110
102

102%

120 % 121
119

1 0 7 % 109
107% 107%,

30
116
99%

100

108 110%
107%
103%

12*3%
75
60
100 ioo%
103%
103% __
10314

___T

71
111

112

100%
115

116
......
26
*19 ......
116% 118%
74%
74%

‘ 20% 21%
92%

10

96

TT*

m
m
jfm
m
rn ...«««

THE CHRONICLE

J une 5, lcs97,]

|ttttjestraent
AND

R oads.

1 033
Latest Gross Earnings.

Week or Mo

1897.

1896.

Jan. 1 to Latest Datem
1897.
$
152,753,
205.058
1,317,640
981,834
613,330
12,508
115,760
2,313
197,542
1,745,540
462,347
115,653
85,531
728,160
159,886
133,275
25.642
1,340,836
105,703
44,675
894.430
22,443
506,045
163,650
7,554,839
20,304
34,990
459,745
5,481,105
1,042,265
2,444,803
167.120
1,382,500
267,696
712,519
1,193,430
4,052,454
8.897.000
404,000
9.301.000

1896.

Ind. Deo. & West. 3d wk May
8,518
8,898
175,924
Ind. 111. A Iowa. March......
77,541
61,501
218,133
In.AGt. North’n 4thwkMay
59.228
72,707
1,206,472
JInteroc. (Mex.) Wk.Mayl5
55,145
45,929
818,543
Iowa Central... IthwkMay
43,197
42,557
771,126
Iron Railw ay... April........
2,354
4,161
16,734
RAILROAD EARNINGS.
Jaok. T. A K. W. April........
28.228
29,549
119,479
Jamest’n& L.E . J anuary...
2,313
Kanawha&Micb 4thwkMay
13,364
8,983
193,746
s te a m
K.C.F. Scott AM. 3d wk May
75,551
63,510
1,663,743
K.C.Mem. & Bir. 3d wk May
17,968
17,669
432,862
Kan. C.N. W .... April........
23.930
18,136
85,038
Kan. City A Om. 3d wk May
3,617
1,433
37,117
K.
C.Pitts.
A G ..
54,407
4thwkMay
13,253
247,900
Kan.C. Sub. Belt 4thwkMay
13,116
7,804
109,104
7,567
7,376
153.087
The retu rn s o f the street ra ilw a ys ir e brou gh t togeth er sep­ Keokuk & West. 2d wk May
L. Erie All & So. April........
5,300
4,661
22,964
a ra tely on a subsequent p a g e.
L. Erie & West. 4thwkMay
97,058
95,389
1,408,457
Lehigh & Hud.. April..
24,073
31,104
124,983
Jan. 1 to Latest Date. Lex’gton&East. March.
Latest Oross Earnings.
17.815
17,547
49,689
B o ADS.
Long Island___ April..
273,934 290,728
921,947
1897.
1896.
1896.
Weekorilol 1897.
Los Ang. Term. April........
7.414
7,156
31,269
Louis.Ev.&St.L 3d wk May
25,044
27,986
545,299
jg
$
Lou. H. A St. L .. 3d wk May
8,111
8,617
169,459
46.460 Louisv.&N ashy.
55,813'
18,197
Adirondack___ [March------1 20,275|
wk May 377,365 361.195
7,521,178
533,018 Macon & Birin.. 3d
24,0631 580,231!
27,511
Ala. Gt. South.. ;3d wk Mayj
3,439
April
2,547
20,294
51,685
185,7711 166,014 Manistiaue....... April
47,013
Ala. Midland.. . . 1March.......)
5,897
9,013
42,421
Ala. N. O.Tex. &1Pao. June, i
Memphis&Chas.
23,291
2d
wk
May
17,347
464,914
21,000
454,697;
453,988 tMexican Cent,. ithwkMay 355,808 249,160
N Orl. & N. E. j lutwk May | 18,000
4,098,207
187,800 Mexican Inter’l. April........ 232.392
7.000
204,635!
7,000
Ala. & Vioksb. IIstwkMay)
239,498
981,965
4.000
176,565 tMex. National. 4tliwkMay
8,000! 186.101
V lek s.8h.& P ; Istwk May]
140,406 107,611
1,969,126
754,985 Mex. Northern, March......
725.680,
Allegheny Val.. April........ 193,917 193,124
78,492
57,706
227,669
461,856 tMexican R’way
518,466'
27,820!
28,850
Ann Arbor........ IthwkMay
75.000
56.000
Wk.Mayl5
1,134,500
23,082
23.532 MexioanSo....... 2d
7,147
Ark. Midland... March......
7,791
12,900
8,743
wk
May
197,837
Atch. T. A 8. Fe. April........ 2,510,499 2,203,270 9,484,008 9,171,548 Minneap.&St.L. IthwkMay
49,914
50,350
737,690
385,02 5 M.
439,023
Atlanta A Char. March...... 151,415 128,857
St.P.&S.St.M.
74.622
61,133
3d
wk
May
1,230,534
146.927
40.529
137,428 Mo. Kan. A Tex. 3d wk May 167,659 160,099
45,241
Atlanta & W. P. March......
4,197,393
217,092'
224,845 Mo.Pac.&IronM IthwkMay 655,000 577,090
9,320
Atlan. A D anv.. IthwkMay _9,416
8,573,265
370,390 325,374
951,1011 920,155
Atlantic & Pac.. March—
Central Br’eh. IthwkMay
27.000
23.000
281,881
13.532
8,749
8,130
15,442
Augusta Sout’n. February.
Total............
6
S2.000
600,000
IthwkMay
8,855,146
58,832 Mobile & Birin.
13,243
19,614
53,030
Austin AN* west March..
5,724
5,971
wk May
112,777 Mobile & Ohio.. 3d
Balc.Ches.& Ati. April........ j 32,700
35,553
108,505,
May.......... 323,826 315,628 1,573,347 1,466,850
Balt. & Ohio__ A pril.......... 1,963,955 1,954,139 7,814,079 7,226,344 Mont. & Mex. Gif! Aprii__ !.
107,039
90,396
463,526
386,067
B&L&O. Sou’ w. SdwkM ay 106.675
103,181 2,232,6582,3091783
Nash.Ch.& St. L ..April........ 393,229 373,030 1,642,466 1,660,910
............ i ............
194,968
169,272 Nel. A Ft. Sh’p’a February .
BangorAAroost March.......
9,375
5,000
19,129
9,247
1,852
Bath AHam’ nds March......
1,925
Nevada Central. March......
2,059
2,345
7,831
5,697
1,651
7,047
7,213 N.Y. C. Sc H. R .. April........ 3,504.808'
1,700
Bir. & Atlantic. April........
3,412,848
13,638,233
13,696,759
46,320
133,112!
142,342
Brunsw’k&West March......
<14,392
N. Y. Ont. Sc W .. j3d wk May
68,570 1,316,200, 1,257,725
69,783
86.820 1,274,814 1,256,792 N.Y.Susq.ScW
Bufl.Kooh.&Pitl 4thwkMayj
87.76'.. April........ 157,949 170,012
644,742
658,943
171,855
146,422 Norfolk Sc West.!
40,408
51,052
Buffalo & Susq.. April........
3d wk May 214,889 208,802 3,955,627 4,389,686
65,460 1.391,1681 1,641,948 Nortkes’n(G
Bur.C. Rap. A N. 3d wkMay]
69,187
a.).
|
February
.
6,855
5,748
11,177
12,960
CanadianPaoiilo 4thwkMay 608,00c 534,000 7,679,822] 7,484,432 Northcs’n (S. C.). February .
60,440
61.873
114,289
114,837
2,609
19,465
16,815 North’n Central April........ 482,095
Car. Midland... April........
2,538
493,819
2,062,554
1,962,763
71,814 1,944,173 1,997,961 North’n Pacific, j3d wk May
Cent, of Georgia; 3d wk May
71,232
329,281 345,254 5,583,928 5,865,076
3.524,139; 3,712,973
Central of N. J. April........ 926,770; 947,807
.
& West.' April........
2.399
2,215
11,629
11,291
Central Pacific. March...... 1,002,729 953,150, 2,665,893; 2,689,889 Oconee
Ohio
River........
[
it
hwkMay
21,650
20,035
347,587]
386,970
240,141'
223,028 Ohio Riv.A Chas;March......
Oharleat’n&Sav. April........ I 48,074 ]
45,290:
17,730
18,762
52,589
55,079
161,624
160,896 Ohio Southern.. IApril........
Char. A W. Car. February .
81,309
84,313
58,697
59.874
213,449
251,996
Ohes.A O hio.... AthwkMay 281,421] 259,225] 4,447,867; 4,196,519 Ohio Valley.......January...
27,287
27,287
Chic. Bur. AO.rf April........2,675.824 2,511,759 11,113;653 lo;415i921
Oregon Imp. Co. March......
705,722
248,252 278,189
749,354
Ohio. AEaat. Ill. lUiWkMay
88,100] 66,700 1,617,654] 1,599,735 Oreg. RR. & Nav. April____
315,733 275,935 1,179,677 1,227,509
Chic. GtW eat’n! 3d wkMay:
86,257, 75,581 1,757,899, 1,792,763 Oreg. Sh. Line..! March.
434,512
409.162 1,187,288 1,159,445
Ohlc.MU.ASt.P. IthwkMay] 776,9461 725,291 11,029,92112,009,166 Pacific Mail..... March......
413.891 351,957 l f133,779j
999,327
Ohio.AN’thw’n .1April........12,208,610:2,440.686 8,884,843, 9,888,970 Pennsylvania. $. April........ 5,0ll,97z
5,132,272 19,318,609,20.026,009
204,332 PeonaDec.AEv.
Ohlo.A No. Pao. March...... i 69,389;
66,022
214,473
----------352,950
20,590
28,947
4thwkMay
344,228
268,480]
317,838 Petersburg........ pril........
Chlc,Peo.A8t.L. April........]
64.988 76,453
53,373
59,505
196,755
194,813
Ohlc.K-K I. A P .. May..........!1,202,489! 1,201.242 5,652,338] 5,938,389 Pliila. A Erie__ A
290,621 275,608
826,050
811,385
Ohlo.St.P.M.&O. April........:
518,365 506,273 2,136,468 2,265,557 Phila. A Read... Marcli____
April........ 1,554,313 1,635,261 6,135,355 6,388,754
558,932
563.179
Chic. AW. Mich. 3d wk May,
26,5991 26,050]
Coal A Ir. Co.. April........ 1.088,392 1,403,964 5,548,752 6,365,503
304,219
280,348]
--------------------73,603!
--------Choc.
Ok. A Gulf79,117
March__
Tot. both Co’s.
3,039,225 11,684,107 12,754,257
12,049]
13,580 Ph. Read. AN.E. April........ 2,642,705
4,156!
4,721
01n.Ga. & Porte. March......
133,401
57.717
48.575
158,298
233,360]
12,084
239,468 Phil. Wilm. A B. March......
01n.Jack.AMac. IsiwkMay
11,278
731,373 747,873
Cln.N.O.&T.P.i April........! 299,555 263,116 1,115,054] 1,087,193 Pitts.C.C.ASt.L. April........ 1,057,654
1,217,276
4,380,495
April........
4,841,332
17,652
21,553
Cln- Porte. A V . January...,
17,652
21,553
3.600
15,688
3.777
April........
13.934
240,412 Pitts.Lisb.AW’n
235,656
12,910
Clev.Can. A So.. 3dwk May
13,691
Pitts. Bes.&L.E. A pril........
48,610
157,699
47.632
188,727
CLCln.Oh.A9tL 3d wk May 229,099 242,672] 4,935,318] 4,327,495 Pittsb. A Wes’ n. 3d
562,676
36,831
35,951
wk May
604,338
578.261
522,999]
Peo. A East’n. April........ 120,098 136,104
Pitts. Cl. A Tol. 3d wk May
18,283
278,374
17,220
308,775
445,441
493,427
24,4701
OLLor. A WheeL,3d wk Mayj
28,480!
Pitts. Pa. A F . 3d wk May
8,696
91,464
7,946
95,042
528,051
607,746
Col. Midland__ ]April........
139,390 160,725
Total
system.
.
62,930
937,339
61,997
3d
wk
May
1,012,200
711,766]
836,068 Pitt.Young.A A.
CoL H. V. A Tol. April........ 187.004 214,011'
284,251
87.940
125,811
A
pril..
359.224
22,778]
CoLARedMount February.
11,552,
92,343
Quincy O. A K.C. April..
27,582
24.597
99,725
236.270 Rich.Fr’ksb
240,558
CoL Sand’y AH .; April...........] 64,465
51,743
&P. March,
162,815
62,051
61.266
171,696
5,300]
3,500 Rich. APetersb.
800
Oolaea A Lake.. April........... j
1,5001
33,704
31,265
112,198
April..
114,479
2,024]
3,338
Crystal..............March........... ] 1,045]
1,144]
Gr. South’n. 4thwkMay
12,479
139,237
10,981
177,62?
164.720'
184.869 Rio
CiunhTd YaUer] March......... J 58,861]
63,968
844,923
Rio GFdeWest. 3d wk May
48,400
45,800
823,163
Denv. A Rio Gr. Ithwk.May 171,0001 185,100, 2,551,789' 2,798,377 St.Jos.
12,000
434,381
25.000
A
Gr.
I...
241,554
4thwkMay
41,462
53,852
Des M. AKan.C 12d wk May]
2,726
2,141
95,761
St.L.
Ch.A
St.
P.
22,809
22,786
April
92,183
146,000
127,157
32,055'
Des. M. N. A W .. April........1 30,234
16,743
St.L.Ken’etASo. April
2,237
411,288 SLL.&San
455,258]
D e t G.Rap.&W. 3d wk May
23.290
20.090!
Fran. April
478,200 448,424 1,892,533 1,939,765
127,823
131,038 SLL. Southwest.
Ilet.A Mackinac March.........I 53,724]
48,391]
99.400 1,744,700 1,859,104
4tliwkMay 104,800
511,807
715,679
50.421]
DuluthS.H.&Atl. SdwkM ay'
30,092
99,650
379,187
Paul A D ul.. April,
102.315
391,237
446,756 St.
379,686
BlglnJol.AEast. April...........I 104,873 102,431
632,395
San
Ant.
A
A.
P
.
153,949
207,149
551,619
April
E rie................... April........ ;2.418,567 2,440,795 9,272,435 9,428,752 San Fran. AN.P.
55,455
194,438
57.046
April
202,433
13,782
14,577
Eureka Springs. March...... I ’
6,076
5,179
286,062
1,130,078
Sav.
Fla.
A
West.
257,937
1,153,843
April
114,924
96,428
Kvans.&Ind’plis 3d wk May
4,705
5.221'
303.328 270,816
39,431 Seab’rd Air Line April
20,9791
Bvans. <s HIon .. SdwkM ay
1,579
2,974
6,374
89.345
6,337
85,636
379,260
426,278 Sher.8urev.ASo. 4th wk Apr
*van«v.& T. H. 3dwk May
19,170
17,517;
40,705
17,751
18,025
48,193
Fitchburg......... April........
552,740 600^127 2,118,245 2,276,147 SiL Sprs. O. A G. March.
52,260
12.471
3,554
Sllverton..........
77,140
December.
47,249, 1,034,837 1,063,335
Flint. <feF.Marq. 3d wk Mayj
45,966
0,706
1,557
1,802
5,182
876.751 So.Haven&East April
Fla.Cent. Sc Pen. 3d wk May! 50,17y
44,869
•J
945,747
So.Paolfic
Co.—
383,254
349,679
Ft.W’thADen.C. SdwkM ay
19,929
14,001
374,166 393,519 1,099,999 1,253,952
Gal.Har.A 8.A March.
113,012
101,681
F t W .A B io G r . April........
37.170;
21,489
262,627
77.401
250,229
89,330
Louis’ a. West March.......
3,415
2 ,668
Gads. A A t t U. April........! 600!
809]
447,722 395,672 1,305,923 1,300,286
Morgan’sLAT. March.
583,024
598,820
Georgia BR .......SdwkMay]
24,000
20,6181
13,174
63,808
19.834
42,546
N.Y.T.
A
Mex,
March.......
Georgia dz Ala.. 4thwkMayj 23,304
19,096
389,426
335,952
139,413 107,551
Tex. AN. Orl.. March.
270,847
318,623
Ga. Car’la <3eNo. IApril........I 59,2211
46,092
f998,962
f3,159,628
13,229,526
/1079178
March.
Atl.
Prop’tes.o
285,946
272,349
Geo. So, A FJa.. April........
61,521
65,279
2,564,489 2,503,420 7,006,571 7.351,290
Paoifio system March.
761,711
697,423
Gr. Rap. AInd.- 3(1 wk May
33,569,
36,336
Total of all./ April........ .3,845,674 3,720,049 14,561,619 14,789,399
149,373
166,779
Cln.K. A Ft. W. 3d wk May
0,845
7,626
789,311 831,597 2,171,303 2,460,738
So. Pao. of Cal. March,
18,087
14,4971
TraveraeCity. 3d wk May
682
1,055
644,104
642,321
So.Pao.ofAriz. March....... 229,020 204,327
50,558
39,989
Mus. G .K .A I. 3d wk May
2,150
2,336
99,823
332,506
309,786
So.Pao.ofN.M. March....... 126,171
901,282
997,135
Tot. all lines 3d wk May
43,246
47,353
153,844
450,586
464,391
March......
154,613
Northern
Ry..
Grand Trunk... 3d wk May 339,887 346,827 6,382,426 6,384,865
7,328,060 7,048,332
Chic. A Gr. Tr. 3d wk May
53.34 2
61,745 1,117,545 1,267.528 Southern Ry___ 3d wk May 325,341 307,037
26,005
92,804
51,783
46,149
332,519 Spok.F’l8<fcNor. February.
359,344
Get.Gr.H.AM. 3d wk May
10,536|
16,283
2,602
1,183
3,290
1,128
50,735 Stony Cl. & C.Mt. March.......
40,443
Cin.Sag.&Mac 3d wk May
2,422!
2,407
267,543
82,693
325,533
61,837
April........
Summit
Branoh.
24,508
40,025
Tol.S. A Musk. SdwkMay
2,1281
1,528
203,600
77,390
303,746
57,465
Lyk. Val. Coal. A pril........
Groat North’n —!
531,143
629,279
Tot’l both Go’s April........ 119,302 160,083
St. P.M. A M. April........ 1,093,447 1,032,714 3,676,871 3,867,558
3,152
81,283
88,479
3,709
466,101 Texas Central.. 3d wk May
361,435
East of Minn.. April........ 100,479 106,332
133,313
2,6i2,50->
153,667
2,457,019
4thwkMay
Texas
&Paciiio.
608,818
622,347
MontanaCent. April........ 160,278, 158,646
1,984
11,105
10,056
2,210
Tot. system. April........ 1,354,204 1,297,692 4,600,653 4,942,477 Tex. S.V.& N.W. April........
38,128
663, G8b
721,626
41,240
23,008 Tol. & Ohio Cent. ithwkMay
36,571
O’ lfB ’mut&K.C. April........
9,620'
7,336
327,162
19,631
379,210
16,967
13,360 Tol. P. & West.. 3d wk May
14,331
Gulf Sc Chicago. April........
3,018 j
3,303
793,443
42,210
37.341
731,081
15,831 Tol.St. L. &K.O. 3d wk May
13,9121
Hoos.Tiiu.AWil. April........
3,350
4,365
81,813 1,223,457 1,122,271
68,796
721,779 Un.P.Den.&G.. 3d wk May
747,500
Houa.ATex.Oen March...... 270,333 239,503
3,118,052
1,071,907
2,934,703
1,130,211
Union
P
.R
R
..
March......
17,053,987
17.039.479
Illinois Contrail'April........ 11567737! 11638741

R a i l r o a d ItttjelligjeHXje.

The following table shows the gross earnings of every
railroad 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 period from January 1 to and
including such latest week or month.

THE CHRONICLE

1084
l, iut: Gross Mornings

Ka.(U>»-

Jan. X to Latest Date.

|V0L. UXIV,
-----Grots Earnings.-

AVr Earnings.--

1897.
1897.
1896
1890.
Roarf*.
$
«
s
*
Canadian
Paolfio.
a.
Apr.
1,617,859
491,230
627,117
1.455,906
*
*
Caloa Panicle—
Jan. 1 to Apr, 3 0 ..... 5,731,822 5,759,563 1,905,496 1,797,443
Ai-iXVL* P. j March.
110,038
72,378 Chas. & Savannah—
24.169
37,384
Acb-J-CA w 4
July 1 to Apr. 30___ _
472,777
87,043
442,599
121,457
247,919
356,040
10,000
11,000
iir » a v h ..l 2d wk Stay
10 *,034 Ohio. B url.A Q uin.b,. Apr 2,675,824 2,511,759
256,640
52,843
87,569
890,950
779,174
:: UrjkLML March.
3.432,938
1,232,785
1,366.016
8,794,815
J«n,
1
10
Apr.
30.......11,113,653
10,415,921
4,498,672
M
arch—
3,560,705
CPd wwU**
Wa'-x-h. . . . . . . . . 4th wk May 3(9,786 315,817 4,142,780 4,819,692 Den. & R G ran de.b.A pr. 552.915
580,224
225,212
252.472
60,638
...'.rib'
53,01.'
19.977
Wtyoo * Ncrthw, March—-2.000.789
2,221,077
Jan.
1
to
Apr.
30.......
8 70,241
821,8
18
618,659
607,401
191,074 190.511
Wol crseyh $V»'o April.....
July 1 to Apr. 30....... 5,770,249 6,303,346 2,358,298 2,707,105
273,672
259,794
n
3.971
97,007
w. v ie w .* I'm* M arch ....
Des.Molues
A
K.
C...M
ar.
13,805
9,842
3,117
5,051
55,742
28.209
50,312;
23.188
WVii VicAPSltA, February
Jau. 1 to Mar. 31.......
37,249
28,248
9,982
11,789
140,971
165,38*
41,183
81,9*9
Westons cd Ala.. March.. , .
984,600. 1,032,019 G alveston La P. * H ouston—
*9.100
59,500
WW. X.Y. i ft*. 34 wk May
520,212
398,197,
37.-57
•24,282
Jan, 1 to Mar. 31.......
48,047
def.8,589
W k**t A i.. Erie itbw kM ay
133,015 Iow a C entral.b ...... Apr,
130,516
65,220
66,938
W it CwS. * Aug. February
109,042
135,826
20.653
43,053
1,008,851
1,563,375
110,110
98,068
W W w w ts O e a t iUnvkMuy
Jan.
i
to
Apr,
3o,
.
.
.
433,80ft
042.305
132.409
245,732
33,652
27,737
6,243
5,389
Wrtghtay.ATen, April____
July 1 to Apr. 30....... 1,298,486 1,590,007
383.792
017,571
• t sure* ytvrn do not Include Oregon Ky. & N av.,U a, Pao. D e n v er* Kan.C. Ft. 8, * M .a.A pr,
335,267
351,382
105,437
•96.359
Bar.', Denver taadvtlle * Gunnison, .Montana Onion and Leavenworth
Jan. 1 to Apr. 3 0 ..... 1,521,971 1,468,383
468,962
435,483
tui-w-k* A Southwestern, u These it guxes Include results on eased lines.
Ju ly 1 to Apr. 3 0 .___ 3,807,126 3,870,478 1,237,011 1,194.423
4 luelhdM earnings from ferries, e tc., not given separately. } M exi­ Kan. C. Mem. & B . a . Apr,
78,943
9,696
7,198
86,824
can enrrenoT, « Includes only half o f lines la w hich Union Paoltlo haB
379,790
91,600
67,345
Jan. 1 to Apr. 3 0 .......
404,718
a half Interest
July 1 to Apr. 30___ _ 1,061,772 1,031,161
295,335
207,175
d ludtndrs operations o f the Ohio. Burlington * N orthern In b o th
13,584
34,901
36,191
16,561
Keokuk & West’n . b. .Mar,
years.
31,890
92,046
104.709
45,436
Jan. 1 to Mar. 3 1 .___
—i cov er* results for linos dirootly operated east o f Pittsburg.
/ Tin. earnings for the fourth week o f April in 1895 wore $1,411.000
Kindorhook & H udson—
Austin A Northwestern, Central T exas * Northwestern and Ft. W orth
5,751
1,220
Jan. 1 to Mac. 31.......
New Orleans.
Deo.
Lehigh Valley R R ..,A p r.
16,669
I n e . 35,560
(Includes St. Louis Alton * Terre Haute for all periods.
rue. 130,386
Deo. 146,085
. Jan. 1 to Apr. 3 0 ......
Deo, 1 to Apr. 30.......
In o. 38,591
Deo. 271,756
Dec. 158,034
Lehigh Val. Coal Co. Apr,
Ino. 62,843
Deo.
Jan. 1 to Apr. 30.......
425,538
Ino. 224,361
Deo. 302,561
Deo. 1 to Apr. 30.......
Tnc, 273,538
396,972
1,569,408
424.826
Louisv.
&
N
aahv.b..A
p
r.
1,534,191
30
Jan. 1 to Apr. 30....... 0,434,704 6,420,228 1,963,801 2,055,629
July 1 to Apr. 30.......17,027,621 17,140,310 5,495,054 5,940,070
422,710
273,249
M exloan Central.......A pr. 1,170,179
834,038
4fA u u k o f May.
Jan. 1 to Apr, 3 0 ....... 4,396,508 3,302,997 1,534,133 1,139,962
Increase. Decrease.
1897.
1896.
79.173
69,712
Mex. International.. Apr.
232,392
239,498
S
$
$
$
405,601
Jan. 1 to Apr. 30....... 1,042,265
981,965
349,155
1,030
Ann Arbor......................
27,821
28,850
116,454
97,514
M
inn.8t.P.&
S.SteM
.A
pr.
288,983
261,255
Atlantic * D an v ille .......
9,416
9,320
96
372,121
343,620
Jau. 1 to Apr. 30.......
976,329 1,050,789
942
86,820
Baflaio Booh. * P Ittsb’g
87,702
T1rwT_____
603,000
76,832
Canadian Paoltlo..............
75,261
534,000
74,001
N. Y .O n t.& W e s t.a ..A p r.
300,190
291,121
Chesapeake A O hio.........
281,421
259,225
22,196
221.022
260,549
Jau. 1 to Apr. 30....... 1,119,019 1,055,002
83,100
66,700
21.400
Chicago * East. Illinois.
July 1 to Apr. 30....... 3,245,724 3,102,229
878.067
957,000
Chicago Mliw. * 8t. Paul
776,946
725,291
51,656
Oregon RB. A N a v ..A p r.
315,733
275,935
96.247
_
Denver A B io G rande...
171,000
185,100
14,100
337,687
Jan. 1 to Apr. 30....... 1,179,677 1,227,509
Georgia * A labam a____
23,304
19,096
4,208
Pennsylvania—
59,228
ln tera’ 1* Gt. Korth’ n ..
72,707
13,479
Lines dlreotly operated—
640
Iow a Central....................
43,197
42,557
E astof P itts.*E ..A pr. 5,011,972 5,132,272 1,511,308 1,336,808
13,364
Kanawha * M ichigan___
8,983
4.381
Jan, 1 to Apr. 30...19 ,313 ,609 20,026,009 5,550,928 5,096,328
54,40?
13,253
Kan. City Pit tab. A Gulf
41,154
r■. • ^l .
13,116
7,804
5,312
Kan. City Suburb. B e l t West o f P itts.A E ..A pr.
Deo. 381,400
Deo. 277,900
Lake Erie * Western . . . .
97,058
95,389
1,669
... . ...
Jan. 1 to Apr. 3 0 ...
Deo.1,014,200
Deo. 170,200
Mexican Central............
355,808
240,160
106,646
184,624
202,324
Pbila. Wilm. & Balt,. Apr.
731,373
747,873
Mexican National..........
149,406
107,611
41,795
908,338
Nov, 1 to Apr. 30 ... 4,063,679 4,235,479
971,738
Minneapolis * 81. Louis
50,350
49,914
436
. . . . . . . .
11,416
Bio
Gr’
nde
South..
b
„
Apr.
29,392
35,042
11,479
Mo. Pacific 4 Iron M t___
855,000
577,000
78,000
56,289
Jan. 1 to Apr. 30.......
107,190
139,317
38,335
Central Branch............ .
27,000
23,000
4,000
208,598
145,294
Ju
ly
1
to
Apr.
3
0
____
335,879
408,892
Ohio R iver.........................
20,035
21,650
1,615
Peoria Dec, A E v e n sv ...
28,947
20,590
8,357
71,990
78,343
Bio Grande W est.b ..A p r,
199,678
199,239
Bio Grsnde S oathorn...
10,981
12,479
232,383
1,498
Jan. 1 to A pr. 30.......
717,023
691,063
226,735
Ht. Joseph * Gd. Island,
25,000
12,000
13,000
806,990
667,174
Ju ly 1 to Apr. 3 0 ,.... 2,011,529 2,040,683
104,800
St. Louis South w estern..
99,400
5,400
13,830
tl6
,4
5
4
8t.
Jos.
&
Gd.
I
s
l
.b
.,
A
pr,
70,096
53,245
Texas * Pacific...............
153,067
133,313
20,354
38,960
Jan. 1 to Apr. 30.......
350,281
197,326
141,379
Toledo * Ohio Ci ntral.,
41,240
38,128
3,112
Wabash..... ..................... .
309,786
315,817
8,031 Savannah Fla. & West.—
721,403
721,042
July 1 to Apr. 30....... 2,782,094 2,822,903
W h eelin g * Lake E rie...
24.282
37,757
13,475
Wlsconsln C entral....... .
99,088
120,116
21,048 Southern P a cific.!*..A p r. 3,845,674 3,720,049 1,190,938
980,965
Jan. 1 to Apr. 30.......14,561.619 14,789,399 4,389,821 4,250,795
4,410,539 3,972,000
509,785
71,240
July 1 to Apr. 30.......41,295,318 42,480,076 14,885,426 14,982,778
S et increase (1 1 0 5 p, o,i
. . . . . . .
. . . . . . . .
438.539
... . ....
Toledo&Obio Cent. b. Apr.
138,414
159,987
39,707
58,642
Jau. 1 to Apr. 30.......
531,560
597,154
155,014
192,464
our
July 1 to Apr. 30....... 1,450,449 1,068,915
387,022
551,616
a g g r e g a te Un, P. D .& G u lf.b ...A p r .
265,738
239,306
61,598
31,709
Jan. 1 to Apr. 30....... 1,018,878
921,455
309,047
164,198
W. Jersey & Seash’ e.. Apr.
191,074
196.511
47,689
39,982
Jan. 1 to Apr. 30.......
607,461
618,659
90,252
51,855
3d teeth o f M ay.
1897.
1890.
Increase. Decrease.
West.N. Y. A Penn. b.. Apr.
218,605
222,106
61,407
83,951
$
Jan. 1 to Apr. 30.......
832,801
851,019
172,931
225,723
$
$
$
Prev'ly reported (60 Pds) 5,558,195 5,273,744
Ju ly 1 to A pr. 30....... 2,503,939 2,671,535
805,132
748,565
400,966
116,515
Bari. Ced. Rap. * North,
69,187
65,460
3,727
a Net earnings here given are after deducting taxes,
C e r e . Canton A Bouth’ n
13,691
12,910
781
b Net earnings here given are before deducting taxes.
Duluth 8. 8. * Atlanta!..
30,092
50,421
* Expenses for A pril, 1897, include $14,300 for flood dam ages,
Fis. C en t * Peninsular.
50,179
44^869
5,310
t After deducting taxes o f $8,250, net. earnings for A pril, 1897, were
F t Worth A- Denv, City
19,929
14,001
5,928
$8,204. In 1896 taxes w ere n ot deduoted nutiL the end of the year.
Grand Trunk—
NORTHERN P A CIFIC .
Chicago * Gr*d T ra n s.
53,342
61,745
8,403
Del. Ur. H#v. & M ilw..
16,536
16,283
253
Apr., 1897. Sept. 1 to Apr. 30.
a n . Sag. * Slack.........
2,422
2,407
15
Gross earnings . . .
...............................$1,275,628
$12,083,082
T o t Bag. & Musk...........
2,128
1,528
000
Operating expen ses...................................
905,008
7,282,622
Indiana Decatur ,v West
8,518
8,898
380
Kan. ffsty Ft, 8, & Mem.
75,551
63.510
12.041
$4,805,410
Net earnings..................
$370,020
Kaa. City Mem. * Blrm.
17,90*
17.069
299
343,181
T axes.......... ...................................................
42,900
Kansas City * Omaha. ..
3,017
1,433
2,184
LoaisrSfie it c u d .* 8 t.L ..
8,111
8,617
$4,482,259
508
Net operating in com e.......................... $327,120
northern Pantile............
329,281
345,254
147,487
...........
15,973 Mlsoel. inomne not includ'd land sales..
12,220
Texas Central.........
3,709
3,152:
557
Toledo F o r m A West'n.
19.631
_____
16.907
$1,609,718
2,064
Total net I n c o m e ........... ................... $339,340
Co. Pan Den. * G u lf...
68,780
81,813
13,017
The operating expenses from Sept. 1. 1398, include a proportionate
part o f the estimated taxes and rail and tie renewals for the current
Total '76 reads I____
6,348,219 6,093,345
432,601
177,787 fiscal year o f the new com pany, being ten mouths to Ju ly 1, i897.
Wei incrcjMte »4’ 16 p. r254,874
*—
I n t e r e s t C h a r g e s a m i S u r p l u s .— T h e f o l l o w i n g r o a d s , in
a d d itio n to th e ir g r o s s a n d n e t e a r n in g s g iv e n in t h e f o r e g o i n g ,
•N-’ t K.irutmc< Monthly to Latest Oates.—The table foltow- a lso r e p o r t c h a r g e s f o r in te r e s t, See.., w it h t h e s u r p lu s o r d e fic it
uig .nows the not earning* of Steam railroads reported this a b o v e o r b e lo w th o se c h a r g e s .
w tt-k , A full detailed statement, including all roada from
-Hal. o f Met Korn*.—.
s-Inter’t, rentals, <*r.
wbieri m o n th ly returns can be obtained, is given once a month
1807.
1890.
1897.
------1898.
Jri trifle eoltxm m , and the latest statement of this kind will
$
$
»
Roads.
$
6,956
dt.
101,93 3
890,000
881,107
Ohio.
B
a
r!.*
Quincy.
Apr.
I" •
- "irbi in Um < mto.NicLH of May 32, 1897, The next will
36,277
3,521,423
928,872
Jau.
1
to
A
pr.
30.......
3,600,000
Appear in the iwue of Juno 19, 1897.
24,249
200,963
51,624
Denver * R io Gr'de..Apr.
200,843
<— Grots Earnings.-----, ,— Met Earnings.------,
745,913
394,900
July 1 t o Apr. 3 0 ....... 1,963,398 1,901,252
1997.
1896.
1897.
1890.
def.8,759
114,196
def.18,197
Kan. 0. Ft. 8. A M ...A p r .
111,556
$
$
$
$
73,085
41,495
July 1 to Apr, 30....... 1,163,346 1,152,923
Aka A rb o r...........Apr•• 116,920
99,508
38,839
Jan, 1 to Apr, 30... . . 427.893
10,507 def.6.810 def.9,309
Kan. O. Mem. & B ir..A pr.
10,506
372,788
142,457
64,914
142,201
137,536
July 1 to Apr. 30.......
157,799
'.
258.865
232,369
87,896
9a,583
Jan. 1 to Apr, 80,.. . 997,924
14,223 def.2,003 def.2,807
11,082
987,652
330,947
291,994 Bio Grande S outh....A pr.
July 1 to Apr. 30 ... . 2,792,959 2.624,077
68,371
142,227
4,472
July 1 to Apr. 30.......
140,822
940,224
790.870

Weakor ML

1897.

1896.

1897.

1896.

Latest Gross Earnings by Weeks,—The latest weekly earn­
ings in the foregoing are separately summed up as follows :
For the fourth week of May our preliminary statement
covers
roads, and shows l i ‘05 per cent increase in the
aggregate over the same week last year,

k of Slay
final statement covers
1*18 per cent increase in the
ist year.

THE

J une 5, 1897.]

CHRONICLE.

— Gross Earnings.-----. ------ Net Earnings.------

1897.

1896.

1897.

1896.

$

8

8

S

1085

ANNUAL

REPORTS.

Annual Reports.—The following is an index to all annual
Toledo & O. Cent.......Apr. 39,791
38,592
‘ 205
*20,306
July 1 to Apr. 30......
381,976
389,690
*9,671 *170,820 reports of steam railroads, street railways and miscellaneous
companies which have been published since the last editions
* Alter allotting for other inoome reoelved.
of the I n v e s t o r s ’ a n d S t r e e t R a i l w a y S u p p l e m e n t s .
STREET RA.ILVfA.YS AND TRACTION COMPANIES.
index does n o t include reports in to-day’s C h r o n ic l e .
The following table shews the g ross earnings for the latest This
R
M
.C ’ .
R
M
.G ’
Volume 61 —
Page.
period of all s tr e e t railways from which we are able to obtain American
Volume 64—
Page.
797
Michigan
Central.............................
8S5
Bell
T
elephone..............
weekly or monthly returns. The arrangement of the table is American T -bacco. ...................... 949 Monongahela River............................949,
998*
the same as that for the steam roads—that is, the first two Canadian
Burlington Cedar Rap. & N o.......... 947 New England Teleg. & T elep........ 949
Pacific.......................... ... 752 New York Chicago & St. Louis ... 886
columns of figures give the gross earnings for the latest Central Pacific.........................
8S4, 897 Ohio River ....................................... 997
& Q u in cy....733, 752, 756 Oregon Short Line RR ..........
week or month, and the last two columns the earnings for Chicago Burl.
841
& West Michigan.............. 948 Pacific Mail Steamship....................1040'
the calendar year from January 1 to and including such latest Chicago
Chicago Edison C o....................
998 Peoria Decatur & Evansville........ 1039
Cincinnati & Muskingum T alley... 997 Philadelphia Company (Gas)........ 999
week or month.
Electric Storage B attery............... 841 Pitt. Ciu. Chic. & St L ......775, 796, 801
Roads.

ailroads and

8TREET RAILWAY8 A SO TRACTION COMPANIES.
Latest Gross Earnings

GROSS
Earnings

Week or Mo 1897.

1896.

Jan. 1 to Latest Bat*.

1397

1896.

S
*
*
$
[
6,742
23,419
22,131
Akron Bedf’ dA dev .;A p ril........I 6,373
14,059
3,603
3,679
14.473
Amsterdam 8t. R y... A pril.
16,827
Anderson El. 8t. Ry.. April........ ; 4,124
23,618
23.805
7,234'
Atlanta Railway....... A pril..........
6,991
Baltimore Traction... April........ 100,926 97,469! 371,252 354,328
5,292
5,441
1,496:
Bath 8t. Ry. (Maine.) April........
1,510
6,5781
Bay Cities Consol__ April..........
6,184
Blngnamton St. Ry... March...... 10,078! 9,932
Bridgeport Traction. May.......... 28,445' 29,8081 119,719 119,430
94,627
85,532
Brockton Con. 8t. Ry. April........ 25,082 23,853!
Br’klyn Rap.Tr. Co.—
1,799,140 1,791.774
286,484 275,777
Br’klyn Qn’ ns <fe8nb May.......... 68,814 _____
Total for system . May.......... 486,256 497,931 2,085.624 2,067,551
323,076 335,151
Buffalo R y..................March........................
38,340
38,683
Chester Traction.......March........ 13,519 13,731
5,949
1,685
5,967
City Elec. (Rome.Ga.) A pril........
1,655
Cleveland Electric...: April........ 128,817 13 i, 509 500.779 504,175
20,563
Cleve. Painsv.&E___A pril..........
5,662
Columbus 8t. Rv. (O.) 2d wa May 10,651 13,499
87,629
87,035
Coney Island B’ lyn. April........ 25,092
Danv, Gas El. Light «&
34,933
33,387
7,932
Street Ry................ April..........
8,330
57,1 8 * 59,332 214.321 221,118
Denver Con. Tram w April
Detroit Citi’ ns’ St. Ry. 3(1 wk May 22,818 18,294 387,869 361,143
Detroit Elec. R y........A pril.......... 32,783 35,109 131,933 136,40"*
42,567
48,143
Duluth St. Ry........... |March......... 15,5u8 17,055
39,234
43,872
9,784
11,254
Erie Elec. Motor Co.. April........
....
39,845
44,17.
Galveston City Ry.. March...... | 14,559 13,528
Herkimer Mohawk XI-!
10,644
10,415
ion A F’kfort El.Ry. 'March...... J 3,720
3,66"
2,032
2,246
Hoosiok Ry................ A pril..........!
544
42,293
43,351
Houston Elec. 8t. Ry. iMarch...... 14,220
Interstate Consol, of i
36,570
34,743
North Attleboro... A pril........
9,727
15,238
15.410
Kingston City Ry...... A pril..........; 4,041
37.008
31,751
Lehigh Traction........A pril..........
7,2 41
26,240
22,263
London 8t Ry. (Can.).,A pril........
6,654
Lowell Law. A H av...April........ 31,420 30,741 114,451 110.388
Metrop.(Kansas City) !4thwkMay 53,665 52,285 689,005 688.798
Metro. W. 8ide (Chic.)'April........ ! 70,920
16,104
15.870
Montgomery 8t. Ky IApril........
4.578
392,076 372,030
Montreal Street R y...;A pril........ 103,046
476,221 194,606
Nassau Elec. (B’klyn) April........ 111,682
19,041
19,865
Newburgh Eieotrio... April........ . 5,330
New England St»—
42,681
42,076
Winchester A ve__ March........ j 14,895
6,096
6,040
PlynTth A Kingston March.......i 2,142
2,062
49,777
49,116
March.......j 17,037
10,629
11,016
New London St. Ry.. April........ I 3,050
421,676 442,467
New Orleans Traction April........ 103,991
430,004 425,483
North Shore Traction 2d wk May j 25,902
3,764
4,160
1,209
Ogdensburg 8t. R y.. A pril.
95,235
94.932
26,184
Paterson Ry.............. iApril
5,435
10,489
Pittsb. Ft.8ub. El.Ry. April.......
2,7 16
22,042
22,587
Po’keepsie A Wapp. F. j \pril.......
6,161
62,287
Rochester R y............. iFebruary
22,164
21,089
Schuylkill Traction.. March....
6,695
15,139
4,306
Sonuylklll Val. Trac,. April.......
Scranton A Carbond’e March—
2.931
13,722] ............
Scranton A Pitts tom. March......
4,845
Scranton Railway___A pril.......... 26,487 9f! QA} 105,397 101,740
208,051
209,116
Second Ave. (Pittsb.) A pril........jt74*817ji76i81“
10,115
11,342
3,18
Syracuse E’strSideKy April........ I 2,672,
136,686
130.736
ftyracuse Rap. Tr. Ry. A pril........ 34,531, 35,39
45,741
47,174
Terre Haute El’c. Ry. A pril........ 11,521' 11,554
567,117 584,541
Third Ave. (N. Y.) ... March..
380,123 380,208
Toronto R y................M ay............ 82,462
603,183 619,586
Twin City Rap. Tran. A pril........ 153,811
62,410
64,638
Union (N. Bedford)... A pril........1 17,050
512,512 524,640
United Tract. (Prov.) A pril........i134,014
36,446
34,272
Unit. Trac. (Reading) March...... 12,016
13,623
14,551
Wakefield A Stone__ \April.........
4,208
74,400
72,545
Waterbury Traction.. .April........ 18,537
50,761
49,031
Wheeling Railway... April........ 12,342
147,366 149,705
Wilkeab. A Wy. Valley!April........ ' 35,537
* Includes results on North Side Traction Company, which was leased
February, 1897 to the 8ecoud Ave. Traction Co
— The fo llo w in g table gives
returns o f S t r e e t ra ilw a y gross and net earnings receiv ed
this week. In rep ortin g these net earnings fo r the street ra il­
w e a dop t the sam e plan as that fo r the steana roads—
that
print each w eek all th9 returns receiv ed that
but on ce
m on th (on the third or the fou rth Saturday)
b rin g togeth er all the roads fu rn ish in g returns, and the
' in the C h ro n icle
ie x t w ill appear in ths issue o f

iscel

o s

Erie Telegraph & Telep. .887, 900,
Flint & Pere Marquette............ ...
General Electric C o .... ........... 841,
Georgia & Alabam a.........................
Lake Shore........................................
Mahoning Coal R R...........................
Mexican Central................827, 839,

ailroad and

950
796
8i8
948
835
885
845

iscel

o s (C o n .)

St. Joseph & Grand Isla n d ............. 841
Southern Pacific................................871,889
Sunday Creek Coal........................... 797
Union Pacific.........................
840
United States Rubber..................... 998
Wilmington & Northern............949, 998

Chicago Rock Island PasIHc Railway.
The annual report in pamphlet form has been issued this
week, and the remarks of President R. R. Cable will be found
&
("R eport fo r the y ea r end ing M arch 31, 1897. J

on subsequent pages.
The com oa ra tiv e statistics fo r fou r years, m ade up in the
usual com p lete fo rm fo r th e C h r o n ic l e , are g iven b elow :
OPERATIONS.

1896-97.
3,571

Miles operated........
Operations—
Passengers carried. 4,723,217
Passenger mileage..178,081.817
Rate per pass p. m. 2 ’ 187 ots.
Freight (tons) carr'd 6,492,163
Freight (tons) lm * . t l , 175,517
Ay. ratep. tonp.m .. 0 9 6 ets.

1895-96.
3,571

1894-95.
3,571

5,131,406
204,045,426
2’089 ets.
6,394,522
tl,078,846
1‘03 ots

1893-91.
3,571

4,611,127
5,768,441
193,153,346 329,380,936
2 1 5 0 ots. 1'900 ots.
6,227.105
7,056,579
11,071,763 t l ,288,576
1'05 ots.
leant.

’ Company’s freight not included, t Three oiphers omitted.
EARNINGS AND EXPENSES.

1896 97.
Earnings—
8
Passenger.................. 4,072,127
F reigh t.....................11,229,175
Mail, ex., rents, & c.. 1,845,351

1895-96.
$
4,445,953
11,159,100
1,754,600

1894-95.

1893-94.

4,338,053 6,538,568
11,206,686 12,852,979
1,876,077 1,647,527

Gross earnings...17,146,653 17,359,653 17,420,816 21,039,074
Oper. exp. & ta x es...11,612,828 11,866,594 12,682,261 14,977,479
Net earnings___ 5,533,825
Per cent of oper. ex­
penses to earnings..
67*73

5,493,059

4.738.555

6,061,595

68*36

72*80

71*14

INCOME ACCOUNT.

1896-97.
Receipts $
Net earnings .......... 5,533,825
From land depart’ t.
11,916
Discount on bonds .
327

1895-96.
$
5,493,059
33,439

T o ta l...... ............. 5,546,068
Disbursements—
Rent leased roads . . . 681,730
Interest on debt. 3,321,525
Missouri Riv. bridges
99,217
Dividends.
923,116
Rate <>f divs. per cent
(2 p. c.)
Miscellaneous................................
Total disb’ meuts. 5,025,588
Balance......................
520,480
Premium received on
Minn. At St. L. bonds
............
Deferred int. recei. ed
on Minn. & 9t. L. bds
............
Surplus................

1894-95.

1893-94.

4.738.555
15,644

6,061,594
40,000
3,038

5,531,498

4,754,199

6,101,632

665,336
3,322,525
119,650
923,116
(2 p. o.)
279

649.599
3,318,525
157,608
1,384,674
(3 p. o )
325

692,617
3,199,825
157,460
1,846,232
(4 p. c.)
............

$

$

5,030,906
5,510,731
5,896,134
500,592 def.801,532 sur.208,493

520,480

407,400
746,676
500,592

352, 533

208,493

GENERAL BALANCE SHEET APRIL 1.

1894.
1897.
1896.
1895
$
$
$
,434
103,911,232
RR.,bldgs, equlp.&c. 103,890,757103,632,005 103,330
............
Traok elevat’ n.Chic.
6 )1,857
347,857
13) ,567
RR. bridge, Rook [.
964.129
815.893
8L5, 897
9,403,490
St’ks & bis.ow ’d.&c. 1[6,935,222
6,914.029 6,802, 587
1,871,451
1,956,961 1,956. 962
Advanoes................ 1,956,961
1,245,230
Materials, fuel, etc. 1,050,053
871,338
991,:369
502,894
,
a
32
Loans & oth. invest.
558,263
557.794
565
745,234
Accts. receivable...
778,259
666,750
761, 835
152,651
485
Cask & cash items.. 3,485,601
3,995,997 3,866,
Assets—

Total assets.......120,221,103 119,758,538 119,280,568 117,832,182
Liabilities —
Stock, common........ 46,156,000 46,156,00) 46,156,030 46.156.000
Bonded debt............ 62,712.000 62,712,000 62,712,000 61.212.000
8,213.000
8,213,000 8,213,000
Ad’u <Si impt. aoct... 8,213,000
594,907
617,529
1,021,691
Acoounts payable...
536,991
1,582,039
1,229,492
2,082,631
Income account......
2,603,111

Street Railway Net Earnings.
the
Total liabilities...120,221,103 119,758,538 119,280,568 117,832,182
tf Includes “ capital stock and bonds of connecting roads, $3,205,ways,
122” ; C. R. I. &P. stock .on hand, $12,100; 6 p. c. bonds on hand
is, we
$400,000; 1st M. ooll. 5s purchased for sinking fund. $318,000.
week,
a
—Y. 63, p. 1009.
we
Chicago & Western Indiana RR.
( R e p o rt fo r the y ea r en d in g D ee. 31, 1396. J
June In com e A cc o u n t. —The income of the Chic. & West. Ind. is
of May 22, 1897.
19, 1897.
derived principally from the rentals paid by the companies
—Oro:s Earnings.---- s ---- Net Earnings. —
189 6
1897.
1897.
making use of its railway and terminals, its reports showing:
1896.
Roads.
$
$
8
$
Amsterdam 8t. R y .. Apr.
Jan. 1 to Apr. 30......
Atlanta Railway...... Apr
Jan. 1 to Apr. 30__
Lehigh Traction.......Apr
Jan. 1 to Apr. 30.
July 1 to Apr. 30.
Twin City Rapid Tr..Apr
Jan. 1 to Apr. 30.

3,603
14,059
6,'Jd/l
23.618
7,241
31,751
95.381
153,811
603,183

3,679
14.475
7.234
23.805
9,126
37.008
102,592
161,070
619,586

335
1,876
1,977
4.422
2,872
10,421
42,892
80,815
303,646

304
1,602
2,426
5,266
4,782
14,423
40,117
89,013
330,140

INCOME ACCOUNT OP CHICAGO & WESTERN INDIANA RR.

1896.
$
952,409
21,935
29,087
9,363

956,884
23,050
6,641
9,259

1894,
$
953,736
22,662
7,121
11,460

Total........................... 1,012,794

995,934

9)4,979 1,001,735

Revenue—
Rental from lessees____
”
“ houses&land
Dis., int. and exohange..
Miscellaneous earnings..

1895.

$

1893.

$

948,959
24,898
4,620
23,253

f?OL. LXIV.

THE CHRONICLE.

1088
1806.

1895

atx'.ooo

868,260
375,000
10,075

$

jfcsfmnA
m tU tm . i , ......... .............
uu**um OWMM..................

9,238

1893.
itMtllc balances, labor pay rolls, vouchers, etc., 8399,499 21, all of which
lias been paid.
$
657.742
O/rt Leases Xo! A ttuned.—Prior to taking possession, your company
300.000 irave formal notice to the Cincinnati Richmond <fc Fort Wayne, the
8,864 Muskegon Graud Rapids* Indiana Railroad and the Traverse City RR.
that it. w auiil not asinine the obligations and conditions in the several
906,306 contraeu and leases between those companies and the Grand Rapids
979,018
A Indiana Railroad, but would operate as before those lines, and ac­
sr.
85,429
ar, 15,934
count for the net earnings of each and apply the same towards the In­
sheet, was $714,522. terest on bonds of the several oomuanles.
1894.
$
071.036
300,000
7.979

TosaJ! ........ ................ 987,118 1.053,336
fl«Uam , ...........................n . *0.076 tdf.57,501
t
*ufpitti on Dee. 31, 1996. as per balance
F iv e Months' E arnings o f New C o .—Notwithstanding con­
Dalai ice Sheet.—Ike balance sheet for four years past has
tinued business depression, and consequent decrease in earn­
ill®wus
ings, a small surplus was earned for the period named, the
Vftsnm n INDIANA BALANCE SHEET DSC, 31.
1893.
actual figures for the last five mouthn of 1898 on the 483 miles
l«t0 .
1695.
1894.
brine ns follows: Aug. 1 lo Dec, 81, 1898—Gross earnings,
~4 $Ki*
/ «S
f r a i w i t ............ 19,327.374 19.194,523 19,127.707 18.893.90fi
* f , ! i due it-.lanp«W.
2*9.688
521.574
548,847
649.5*1 8757,302 ; net earnings, $144,035 ; accrued interest ou funded
.
........
302,179
253.347
327.774
383.475 debt, $135,152 ; accrued interest on real estate mortgages,
S j .l.r i,!,..........................
109.128
137,193
102,814
169,0/0 $5,573 ; balance, surplus, $3,010.
Statistics . —'The statement of earnings and the income ac­
T,.1*1,........................ .20.048,309 20,106,037 20,107.202 19,845,992
jf 111
count for the full year compares with previous years as fol­
.......................... 5.000.000 3,000,000
5,000,000 5,000.000
lows
:
. ..
U .987.667 11,047,607 11,2 0 0,6 b7 10,943,667
v ,

A ftirr'ut soots.
77,137
183,600
V ;.. M il!*
........... 3,296,315 3,132.401
tyrerest .teem ed.......... .
60,603
63,213
Ct.-.ifs, it.»intKljBOtpKli,
12.065
11,905
I n c o m e «c c i)«n t................
714,522
068,845

126.080
12,355

Tutsi............................20.048,309 20,106,637

BAUSINGS AND EXPENSES (ON GRAND BAPIDS A INDIANA ONLT.)
288,503
2,978.009 2,832.586
1896.
1895.
1894.
1893.
63,743 03.183
Miles operated.......
433
436
436
436

jEarnings—
$
551,628
Freight . . . . . . . . . . . 1,220,156
20,107,202 19,845,992
124,660
Mail, exp. & mlsc'1*
726,346 710,383
Passengers__ . . . .

—V. 64, p. 40.

Chicago & North Western Railway.
{'Earnings f o r the yea r ending M a y SI, 1897.J

The preliminary report for the late fiscal year as reported
by telegraph shows earnings and expenses as follows :
1896.

1895.

Gres* r irn ln g -........................30,980,255
Oper expenses and charges...26,628,123

33,488,761
28.378,587

28,108,371
25,501,326

» t earning*...................... 4,352,132
336,790
Other inOume........................

5,110,174
257,909

2,607,048
244,907

Total...... ............................. 4,688.922
Div. on pref. stock (7 p. o.)---- 1,563,975

5,368,083
1,563,975

1,563,450

*1897.

rrarrnd. lfa j/ 31 -

$

$

$

2,851,955

3,804,108
1,238,505
Balance................ . ....... 3,124.917
Dlv. on common stock— . (5»i) 1,953,082 (595)1,953,083 (4%)1,562,096
Surplus................................. 1,171,835

1,851,025

$
594,678
1,342,359
137,804

$
586,490
1,178,705
135,206

$
679,412
1,370,770
135,717

1,900,401

2,185.899

Total...............
Expenses—
Transportation__
Main, of eciuipm’ t..
Maint, of way, eto..
General and taxes.

1,899,444

2,074,841

802,156
324,338
3f>3,239
115,460

874,117
3*26,895
351,110
112,302

Total.................
Net earnings...
P.o.op.exp. to earn.

1,595,194
304,250
83*93

1,664,724
410,116
80*23

822,996)
284,405 l
271,540 f
116,780 J

1,836,040

1,495,721
401,680
78*71

1,836,040
349,859
S3 99

1894,
$
404.680

1893.
$
319,859

564,918
34,396
103,260

563,581
39,593
89.113

* Includes interest and rentals.
INCOME ACCOUNT.
1898.
1895.
Receipts $
$
Net earnings..........
410,116
304.250
Deduct—
Interest on bonds..
401,635
532,460
ln t.on float’ s debt.
19,720
24,196
Miscellaneous.......
72,126
59,487

def.273,591

692,287
Total.................
493,481
616,143
702,594
Balance.................. lef.139,230 def.206,037 def.297,9!4 def.342,428
GENERAL ACCOUNT DECEMBER 31. 1896.
Assets—
Liabilities—
Canada Southern Railway.
Road cquip’ t, eto........$17,376,661 Capital stock.............. $1,986,081
Investments.
( D eport f o r the yea r ending Dec. S I, 1896.J
169,508 |Fund, debt (see StrPT.) 13,000,000
G. R. & Ind. bonds In
|Four p. e, bond sorlji.. 1,293,200
During the year the Leamington & 8t. Clair Ry., formerly
treasury....................
154,000 |Coupons not exoh’d ...
205,200
leased , w as purchased, its bonds for $130,000 being guaran­ Due by other com p's.
191,074 |M’tges on real estate.
190,250
Due from agents and
I Bills parable...............
267,505
teed.
conductors...............
71,710
1
Coupons
............
1,547,785
The report gives the following results of operations :
Cash.............................
118,336 Aeo'd lnt.on fund.debt,
81,408
INCOME ACCOUNT.
Bills receivable..........
1,580 I Aoo't lnt.on unfunded
Supplies on band........
217,143 I debt...........................
39,969
1808.
1895.
1894.
1893.
I Due other companies68,698
304,715
Net carnltigs.......... . 296,474
456,648 Equalisation of ear
287,808
trust expenditures..
39,370 I Aooounts payable......
266,859
Other in com e.......
7,3*20
7,413
1,381
18,660
Profit and loss............ 3,917,535 |Freight car trusts__ ,
294,748
|Locomotive notes not
295,221
463,988
I
due.............................
9,213
Dividends...............
375,000
450,000
(2H p. o.)
Bate of dividend... ..{2 q p. o.)
(3 p. o.)
Total...................... $22,256,917 |
Total.......................$22,256,917
def.39.645 def.51,625 dof.79,779
sur.13,968 —V. 63, p. 754.
Surpln* Jan. 1........ .. 69,198
110,822
190,601
176,633
Cleveland & Marietta Railway.

* Partly estimated.
—V. 64, p. 283.

p i
SS*
■COCON

Karpins Dee. 31 .

19,553

59,197

( R ep ort fo r the yea r ending Dec. SI. 1896.J
110,822
190,601
31, 1896.
President William A. Baldwin in the report says in part:
A fteis—
Liabilities—
A t the close of the month of October, 1896, the tons of freight moved
Construe. A equlpin't. $28,574,615 Capital stock.............. $15,000,000 and
ton mileage thereof were from 10 to 15 per cent, respectively, in ex
SVkaof otb cus. own'd 3,056,088 Bonded debt <8»« I n ­
oess
of that of the previous year, the net earnings for that period show­
1st M. bonds o f other
vestors' S upple '!).. 19,575,107 ing a surplus of $20,473, but owing to strikes at coal mines tributary
companies o w n e d ... 2,901,372 Dlv, pay'ble Fab. 1. '97
150,000 to our road from Nov. 3,1896, to Dec, 15, 1896, the operations for the
o th er invo-ttn’ ts. eto.
51,652 Div. duo ami unpaid,..
174 year 1896 show a loss in tons moved and in ton mileage, as compared
Due from Mich. Cent153,637 Accounts payable.......
1,104 with the totals for 1895, and not earnings of but $126. The bitu­
Cash and cash assets.
8,571 Income account..........
19,554 minous coal tonnage, excluding ‘ ‘shifting” , aggregates 652,634 tons in
1896 against 669,374 tons in 1895. The increase of 8‘89 per cent In
Total......................$34,745,939
Total...... ...............$34,745,939 cost of operations resulted from increased outlays for maintenance
—V. 04, P. 5.
and extraordinary expenses.
The main line, by the construction of anew line around Liberty Hill,
Grand Rapids & Indiana Railway.
was increased in length (0-08 mites) from 104*70 to a total of 110*78
miles. This new line cost $119,873 in 1896 and was paid forout of the
f l u port f o r the yea r ending Dec. 31, 1896. J
proceeds of the new 4% per cent loan of 1895, leaving oash on hand
The pn -o-nt company did not assume possession of the old from said loan Jan. 1,1897, $23,313.
Jlailrnati 'Vmpany. which was sold in foreclosure, until
S tatistics .—The result of operations and the balance sheet
OXKERAL BALANCE SHEET DECEMBER

A u g u s t 1, t rib, but the report contains a statement of earnin gs lor the full year as given further below,
President McCri-a niya in p a r t :

-nr/,/.-Cm taking poMesnlon of the property your com
1 433*24 nilli’8 of tuiuu track, tnobldtng spura, 3*10 miles
id tru k and 123*26 mile* of sidings.

F te m r ly B,

Thu -'ptlpm cut transferred wua a» fo llo w s : Looopassenger oars, etc., 8 8 : freight cars, 3,0-Hl (of which
gondola 1*4, bo* 023, furniture 403, toisocUaneotu
■2), work car*. 22.
i fro )ti "Sts ru: rived. 132flat,93 ore, 26coal, 9 box and 2 tool
; weary eight feet long and o f light capacity. Independently

have been as follows :
EARNINGS AND EXPENSES.

1896.
$
Coal.......................................................s|2267,054
6 /,0 5 4 ^|
Earnings—

1st 1 124, ore 1 3 ,,

Of
*,f t

Expenses—
.. 42,230
.. 145,947

n'*d " <S“>ei:>*. Hoir age, which averages about twenty-six
•’•imp-1 that-early retirement. a « this will take place under
f tli, freight ear repair pool, in which this company has b»<inner, till, direct charge will be very moderate. They are
ticlTided In the Inventory.

I Reset I*>:>/.-T o u r Company also took from the purchaser the
riffl* simrM.
proper i y at the prices named, bat charged them
!» thi* f#r»®rai i mint as using of bat nominal value: 866 2-3 shares
iti# mtm t in Mackinac Trattaportatioa Co., par value, $126,Str. )n Macmnao Hotel Co., par value, $42,500; 200
M l
** stock <55 '.*'■■•......«"'Ot paid) Muskegon u . It. & 1. Bit., par value
•0} 1,000
tool- (appraised) Big Rapids & Western RR.
alsse, #25,0 i Rr sort Grounds at Rome'City, le d ., par value $10
Male1*1*$#. 1■r.uicsi tappral*. d), par value, $50,000,
m tTompan y took the property there was owing by the
, Indiana Rail read Com puny, in current tteeouut for

.. 52,269
...
4.107
D e d u c t—

Interest on bonds....................
Interest on boating debt, eto.
56,250

1894.

1895.
$
120,727
163,291
07,207
16,527

97,187
146,860
65,767
15,371

307,753

325,185

86,999
39,996
117,709
28,254
9.936

82,812
39,026
110,220
21,934
9,619

282,893
84,859

264,212
60,973

84,859

60,973

47,894
34,742

35,400
28,202

82,036
SUT. 2,223

63,602
Clef. 2,630

THE CHRONICLE,

J une 5, 1897. J

BALANCE SHEET FOR YEAR ENDING DECEMBER 31.
Assets.
I
Liabilities.
Cost of road................... $3,193,421 |Capital stock .................$2,000,000
Ca3li...............................
10,810 |First mortgage bonds.. 1,250,000
Due from agents, e tc ...
7,444 |Accrued int. on bonds..
9,375
Due from other comp’s.
4,836 IPay-rolls and vouchers.
19,587
Due from individuals
|Due other companies...
19,352
and companies...........
101,084 Due indiv’s and comp’s.
31,467
Material on hand..........
32,599 I Profit and loss...............
20,414

Total........................ $3,350,195 |
—V. 63, p. 25.

Total.........................$3,350,196

Keobnb & Western Railroad.

( R e p o rt f o r the y ea r ending D ecem ber 31, 18 96 .)

President F. T. Hughes says in part:
G en eral R esults. —Notwithstanding the general depression
in the country the earning3 continued to be satisfactory for
the year, the net receipts being somewhat in advance of 1895.
D es M oines & K a n sa s C i t y —“ No financial plan has been
determined upon by the Des Moines & Kansas City Road for
repaying to the Keokuk & Western Road the advances it has
made, for the reason that the Board deemed it wiser to wait
until the gauge had been entirely widened and the capabili­
ties tested.” The gauge between Des Moines and Van Wert,
72 miles, has been widened during the year at a cost of $150,000, and temporary financial arrangements have been made
for widening the gauge from Des Moines to Cainsville, 40
miles. “ For this reason the directors do not submit a balance
sheet of the Des Moines & Kansas City Railroad, because it is
impossible while the road is in its present state of transition to
prfpare any satisfactory financial statement.”
Traffic .—It is stated that the road depends almost entirely
on farm products for tonnage and revenue, and that the average price of corn during the twelve months was about 10 cents
per bushel on the line of the road.
No train accidents occurred during the year.
S ta tistics.— Operations, earnings, expenses and charges have
been :
OPERATIONS.
3 896.
1895.
1894.
1893.
Tons freight hauled. 207,036
204.191
199,135
214,125
Tons hauled 1 mile .15.758,533 15.074.400 13,707.785 14,037,930
A t . rate p. ton p. mile 1*56 cts.
1*54 ots.
1-60 ots.
150 cts.
Passengers carried...
156,396
159,977
150,819
183,551
Pass, carried 1 mile.. 3,399.640
3.762,988
3.130.854
3,630,678
Av. rate p. pass p. m. 2*64 ots.
2*48 cts.
2*70 cts.
2*70 cts.
EARNINGS, EXPENSES AND CHARGES.

1890.
$
Earnings—
89,758
Passenger.......................... .
Freight.............................. . 246,649
58,874
Mail, express, etc............. .

1895.
*
93,268
232,351
55.007

1894.
$
84,478
221,250
57,919

1893.
$
98,116
225,564
02,963

395,281
Total ..........................
Oper. expenses and taxes . 275,238

380,024
258,189

363,549
264,629

386,643
274,331

Net earnings............. .
P» o. of exp. to earnings..
Deduct—
Interest paid on notes—
Dividends (2 per c**nt)..Construction and equip.

120,043
69*63

125,435
67-0

98,919
68*8

112,312
66*8

17,183
80,000
3,769

19,275
80,000
13,269

13,095
80,000
2,430

12,053
80,000
6,631

98,634
95,525
3,394
13,628
GENERAL BALANCE SHEET DECEMBER 31.
1894.
1893.
1895.
1896.
$
Assets—
$
$
$
Cost of road..................... 4,275,000 4,275,000 4,275,000 4,200,000
3,660
3,660
3.660
Bt’ck Keokuk Uni’ n Depot
4,452
D. M &K. C. stock, bonds
and advances ............... . 957,337
23,755
23,572
39,407
27,615
Accounts receivable........
18,547
20,422
14,811
p 22,139
Materials on band...........
....
10,000
SusDense account............
25,180
34,506
46,923
10,498
Cash on hand.....................
Total...........................
Snrplus.............................

100,957
19,096

112,544
12,891

1087

struction account, $78,451; insurance and taxes, $12,806; ex­
pense account, $30,617; legal expense account, $12,398; main­
tenance, $41,698; bond interest account, $12,745.
31, 1897.
Liabilities—
8tock outstanding.. 1T$1,641,925
Bonds .....................
158,800
Notes payable____ ..
460,583
Aocoumts payable.
2,784
Profit and loss........ ..
126,853

GENERAL BALANCE SHEET MARCH

Assets—
Cash in Boston. Lowell
and branch offioes....
Notes receiv ab le.......
Accounts receivable ..
Store service rent’ls due
Materials and supplies.
Office furniture...'........
P la n ts..........................
Invest’d in oth. systems
Patents...........................
Real est. & machinery..
Total

$28,779
66,222
366,974
29,751
162,243
3,113
630,730
815,321
151.685
136,127

$2,390,945

Total.

$2,390,945

Tl Note.—The company also holds $357,950 of unissued stock, which,
it is stated, will probably never be sold.—V. 63, p. 27,

GENERAL

IN VESTM EN T

NEWS.

Reorganizations, K>c.
Kfc.-A.ll
facta of this nature appearing
the publication of the last
issues of th * I n v esto r s ’ and S t r e e t R a i l w a y S u p p l e m e n t s
may be readily found oy means of tne following index. This
index does n o t include matter in to-dav’s C h r o n ic l e .
-L a te s t D x ta as to D efaults, R e o r ­
ganization Plans, P a ym en t o f O verdue C ou pon s,
sin ce

R ailroads and Miscel . c o .’ s.
V o lu m e 6 4 —
P a ge.
A m . G ro ce ry .receiu. denied.887,950,1040
A tla n tic C oa st Lines ...........consol. 887
A tlan tic & P a cific....................... sold. 887
Atlas T a c k ..........................sold. 841, 887
Balto. & O h io ....... — coupons.841,1040
Do
P atterson & C orw in report. 999
Cape Fear & Y adk. V a l...........forecl. 798
Carolina T en n essee & O h io __ sold. 1000
Central P a cific.protective measures. 1041
Central W a s h in g t o n ....... — forecl. 951
C hicago & A lt o n ......... div. reduced. 887
Chic. <!te N o. P ..p la n in fuU.8$8, 898, 951
Do
n ew com pany.1000
Chicago & W e s t M ichigan ...c o u p . 842
Cin. Ja ck so n <fc M a c k in a w ....reorg. 842
C olorado M id la n d ..................forecl. 8*8
Colum bus & H o ck . Coal & I..reorg. 1000
Do
Do
recurs, ctfs. 1041
Colum . H . V . & T o l..consol, deposits. 754
Do
Do
....... coupons. 842
Do
Do
gen. mtge. fis.1041
D uluth & W in n ip e g T e r ...........sold. 10t0
E ast T en n essee L a n d ................ saZe.1000
F t.W o rth & R io G ra n dQ.int. scaled. 898
H arrim an & N o rth e a s t’ n___recur. 1041
Illinois C e n tra l— bond issue 3)4%. 952
Jack son v . T a m p a & K. W ...forclos. 888
K ansas C entral .......................... sale. 1041
K an. C. & S outhw e8t’n.decr«cvalue.l041
L eb a n on Springs .......... n ew recur. 888
M iddle T en n . & A la .........sold.888.1001
L e x in g to n T e r m in a l..................sale. 799
L ou isv. N. A . & Ch. .final instalm ’t. 7*5
M em phis & C h arleston .forecl. stay 799

R ailroad and Miscel .Co’ s (Con.)
Volume 64—
Page.
N. Y. Cent. & H. U...refund. plan. 755
N, Y. & Harlem....refund. 755, 953,1001
Northeastern RR. of Ga..recrr.S43, 954

wuiu ) aiiuj........................ Slllt.

Oregon Improvem’t..reorp.800,843, 902
Do
Do
..coupons.1001,1042
Owensboro Falls of R. &G. R. .sold. 755
Peoria Dec. & Evansv.reorg. plan... 1042
Quincy Omaha & K. C......sold.800, 954
St. L. Chic. & St. P.. .new company. 1002
St. L. Yandalia & T. H........ coup. 843
Seaboard Ry. (of Ala.) ......... sold.1002
Summit Br.. .sale.755; deposits. 955,1002
Superior Consol, Land Co— recur. 844
Tennessee Central—
saZe.1002
Terra Haute & Loganaport..coups.l043
Union Puc.col.tr.6sof 1891 depos,758, 902
Do coll. tr. 6s of l891.coZZat.844, 902
Do coll, tr, 5s, of 1883............. 902
Do coll. tr. 6s of 1879.............. 902
Do Kansas Central......forecl. 799
Do
equip, bonds. & int. paid.1002
Utah Central..........................sold. 955
Wheeling &Lake ^.deposits of 1sts. 955
Wilmington Newbem & Norf..saZe.l043
Wisconsin Central....coupons.344, 903
Street R ailways .
Fourth St. & Arsenal (St. L.). .salc.1041
Kings County Elevated......reorg. 1001
People’s Railway (St. Louis)..saZe.1042
Saginaw Consol. St.............. recur. 1043
Union St. Ry. (Saginaw)..... recvr.1043

Albany (Street) Railway.—

New B on d s A u th o riz ed .— On
June 1 the stockholders authorized a new mortgage for $750,000 of 5 per cent fifty-year gold bonds. See V . 64, p. 1040.

Baltimore & Ohio RR.—

P rop osed A p p lica tio n f o r A d d i­
tion a l R eceiv ers’ C ertificates. —The receivers propose to apply

for authority to issue 8680,000 additional certificates to be
turned over to the Carnegie Steel Company of Pittsburg in
payment for the forty thousand tons of steel rails recently
purchased. It is understood that the application will be op­
posed by the bondholders.
The receivers’ certificates now outstanding are 85,000,000
authorized in May, 1896, and which are a first lien on the
main line, subject only to the two mortgages of 1853 aggre­
gating $2,071,000; certificates for $956,000 authorized in
November, 1896, to finish the Baltimore Belt and secured
Total assets................ 5,297,040 4,339,801 4,347,835 4,280,468 by the assets of the Maryland Construction Co.; $650,000
Liabilities—
certificates have been issued on the Pittsburg & Connellsville
Capital stock..................... 4,000,000 4,000,000 4,000,000 4,000,000 and $56,000 were issued this year to pay for car floats.
200,000
200,000
M ortgage........ .......... .
275,000
275,000
In addition to these certificates there were also issued in June,
D. M. <k K. C. accounts .. 890,000
1896, $3,400,000 B. & O. Equipment Co. car trust obligations
60,000
9,235
4,647 guaranteed by the receivers and by the B. & O. Railroad.
4,709
Accounts payable..........
4,367
12,191
11,551
11,773
Pay-rolls unpaid..............
15,349
C old F iv es o f 1985.— A majority of these bonds has been
8,496
8,513
30.611
26.891
Vouchers unpaid.............
55,144 deposited with Speyer & Co., who announce that they
58,536
71,429
91,714
Income a ocou nt.......... .
will buy the coupons maturing August 1. 1897, on bonds
Total liabilities........... 5,297,040 4,389,801 4,347,835 4,280,468 deposited before July 15, 1897, in case the Baltimore & Ohio
—V. 63, p. 879.
Railroad Company should make default in paying the same
when due. Speyer & Co.’s receipts for these bonds were
listed on the N. Y . Stock Exchange in November, 1896. See
( R ep o rt fo r the y ea r end ing M arch 81t 1897,)
advertisement in another column.—V. 64, p. 1040.

Lamson Consolidated Store Service.
The Treasurer’s report states:

V 'T be liabilities of the company have increased on aocount of certain
properties and interests that have been acquired. We have paid two
dividends, $65,677 [each, July 1,1896, and January 1,1897, amount­
ing to $131,354. being at the rate of 8 per cent per annum.
•‘ Your directors have voted|to make a new issue of $600,010 6 per
cent sinking fund gold bonds for the purpose of rrefunding the balance
(which is $158,800) of $1,200,000 issued in 1890 and also to provide
for the payment of recent obligations. All those holding bonds of tbe
old issue have exchanged for the new bonds. Stockholders will be
given the privilege of subscribing for these bonds to a limited amount
at par.”
Earnings
is - s .
Tear ending March 31—
1897.
1896.
$341,376
Gross earnings ..........................$338,961
$372,700
203,245
204,864
Expenses........................................ 188,716

J

.—Earnings have been as follows:

Net earnings.......................... $150,245
Dividends . . . . . . . . . . . . . . . ____. . . . 131,354
Balance.................................. $18,891

$167,836
131,364

$183,131
65,682

$36,472

$72,449

The earnings for 1897 include: Rentals and sales of plants,
$331,591; interest accoan t §7,390. The expenses were: Con­

Baltimore & Ohio Southwestern Ry.— E xten sion o f Ohio
& M ississippi F ir sts . —The friendly suit of the Farmers’
Loan & Trust Company, trustee of the Baltimore & Ohio
Southwestern consolidated mortgage, brought to determine
the right of the railway company to extend the $6,613,000
Ohio & Mississippi firsts maturing Jan. 1, 1898, was decided
May 38, permitting the fifty-year extension at 4 par cent.
The B. Sc O. S W . consolidated mortgage requires the pay­
ment of all underlying bonds as they mature, but the com­
pany not being in a position to retire the maturing bonds with
consols as originally contemplated, the action was brought
to legalize the extension. The saving in interest charges will**
be about $200,000 per annum.—V. 64, p. 609.

Baltimore Traction—

Suburban

City &
R y .— Meeting
A d jou rn ed . —The adjourned meeting of Baltimore Traction
stockholders called for May 29 to act on the proposed oonsoli dation with the City & Suburban was again adjourned uutiJune 15,—V. 64, p. 951.

THE CHRONICLE.

1 088

BroollJB E lm U d KR. — Quarterly.—Thisroad was placed
ia the hand* of a receiver on March 25, and the following
fsraiaM for the quarter and the nine months ending March
3 , „
one w,ek's operation (in ISO?) by the receiver, hut
>!:. ci.»rs«' for this one week do not include interest on bonds
".‘ 5 ,
$ 1 j (lit !, which should be added to the deficit to obtain
a
comparison with the previous y e a r on the basis of
th e o ld fix e d charges,
Balance,
Oif.tr
Inleretl,
.Yet
$ m&mikt
firsts

[VOL. L i IV,

Coltuuhns Rocking Valley & Toledo B y .— G eneral 6s o f
7.004— Holders of C. H. V. & T. Rv. and Hooking Coal &
RR. 6 per cent gold bonds dated 1834 and maturing 1904, are
requested to send their names and the amount of their hold­
ings to the Knickerbocker Trust Co., New York,—V , 84, p,
1041,

Columbus Sandusky & Hocking RR. — R eceiver A p p o in te d .
— At Cincinnati, on June 1, Judge Tafs app tinted Samuel M.
Felton receiver of this road on application of the Mercantile
deficit.
..(■.ns Hue. 31. tarnlngt. earninge. intome. taste, etc,
$50,877 Trust Co. of New York, trustee of the first mortgage. The
$211,448
V -,~ . ............ $*31,000 §160,871
27,302 action was taken at the instance of the Reorganizition Com­
219,206
......
463,40*
180,010 #2,484
mittee, of which General Louis Fitzgerald is chairman. Mr.
$053,185 $182,580
18 S .frT ? .? .*.7 ....§l.*8 7 3 7 0 $470,549
63,271 Felton, the receiver, is also President and Receiver of the Cin­
650,812
1895.#” . .......... 1.413,485
579,878 $7,060
cinnati New Orleans & Texas Pacific.—V . 84, p. 083,
fixed charges of the proposed new company under the plan
of reoraanizdion (see v, 61, p. 609) are estimated at $593,800
Diamond Match.— New English C o m p a n y —Regarding the
r annum, and for nine months would be $137,700 against sale of the Liverpool plant to toe English Company, the “ Chi­
w lurl ire net earning* for 1896-7, as above, of $170,649.—'V . cago Herald” recently published the fofiowing :
M, p. 1 0 0 0 .
The Diam ond Match Company, limited, o f London, the com pan y o r ­
to take over the Liverpool plum o f the Diamond Mutch Com ­
Brooklyn Street Railways — A ssessed Value fo r 7 axes Re- ganized
pany of Illinois, has a capitalization as follow s: Preference shares 6 p er
■inerd.—Ttie referee has decided that the assessments on the cent cumulative, of E l each, authorized Issue, £ 1 8 0 ,0 0 0 ; ordinarv
railsvays of Brooklyn, N. Y , be reduced in the sum of shares of £1 each, £100,0 :0 ; total, £ “>80,000,
The preference shares are non-voting. Of the total authorized issue
$1,715,106. The Brooklyn Heights System, including Queens about
£1003 00 will go to the. Diam ond Match Company of Illinois and
Countv & Suburban, secures a reduction of $1,091,105, the £40,00 0 to Coates, Sou & Oo, The rem aining £ 4 0 ,0 0 1 will be retaluod
Svitem, including the Atlantic Avenue, a reduction of in the treasury fo r the time being. A feature not hitherto understood
1.570,3. (» M;d the South Brooklyn Central, $15,000, The saving is that Coates. Son & Co. will pay to tha Diam ond Match Oo. of Illinois
about $175,000 in cash, being the am ount o f working capital now in­
to the roads is ts imated at about $19,000.
vested by the Illinois corporation in the L iverpool business.
Of the com m on stock the Illinois corporation gets 51 p e rc e n t. The
preferred stock held in ihe treasury will be retained to m eet future e x ­
penditures as the business enlarges. A lthough the Amerioan com pany
>{,- Keen to irsue $2 0 0 , 0 0 0 of 6 per cent receiver’s certificates, will control a m ajority o f the com m on stock o f the English com pany,
it is considered best to let the foreigners have a m ajoiity iu the
tu be redeemable upon notice at any time.—V, 04, p. 887.
board of directors.
Concerning the option which Coates, Son & Co. have on the 40,000
Capital TractlonfWasliington, 1). C.)— L istin g o f Stock. - shares
o f local Diamond Match stock, the Englishmen have until
Fn m the application, noted last week, lor listing this com- n ext N ovem ber either to take up or decline to take up the shares.
paej’s $ 1 2 ,1 0 0 , 0 0 0 capital stock on the New York Exchange, I f they take the stock they agree to do so at 165, which, w lih the 10
per cen t dividends now being paid, w ould place their holdings on a 5%
th e following facts are taken •
per cent dividend basis. At this tim e they are understood to incline
7
'li.jth „ f Lines anti Motive Power.-C a b le double track, 10'75 m iles;very favorably toward taking the 40,000 shares,—V, 64, p. 952.
electric overhead and underground trolley, double track, 7-23 mileB—
tot ,! mileage, ail Hues, fully com pleted end In operation, double track,
Grand Rapids St Indiana Ry.— Pennsylvania
sV n. mile,. >"o extensions contemplated.
tension o f Grand. R a p id s 7s . —The Pennsylvania RR. gives
■- tug- 4 fret 8«s inehe*. Ralls—a t y Hues; Steel grooved girder, 83
notice that the time for extending Grand Rapids first mort­
lb« to the T»rd; county line; steel “ T ," 50 lbs, to the yard.
Pri lerly't until .—Unoccupied and for sale, city limits, 168,205 eipiar* gage 7s, due October 1 ,1899, until July 1,1941, at
per cent,
f « t - occupied, cltv limits, 185,416 square fe e t; occupied, county without charge, will terminate June 30, after which date a
limit,., 214,579 square fe e t ; unoccupied, county limits, 140,000 square
payment of $30 per bond will be required.—V . 63, p, 754 ; V .
feet; total square feet owned, 708,200.
meat. Passenger care, 32 7; grip and passenger ears combined, 64, p. 1048.
pR- triish t and mall care, 6 ; electric m otor oars, 25—total, 456.
Illinois Street Railway B ill .— -Allen B ill A m en d ed .— The
,
,t;,:
, . 2; elect
s, 2 ; Union passenger station, 1 ; oar
in Addition to above, 2.
Allen bill, as amended in the State Senate, is reported to hare
Stork.—th e capital stock consists o f 12,000 shares o f $100 each. been passed by that body and by the House.
T ests i« do mortgage Hen or other indebtedness.
The amended bill gives to a street railroad corporation the
Mammgt.—For years ending December 3 1 :
right to consolidate its stock, property and franchises with any
1396.
1895.
1894.
$1,070,946 other like corporation, provided that no such corporation shall
Ciri -* r e c e ip t s .* .........—,....$ 1 ,0 3 6 ,1 6 5
$1,065,119
-153,158 consolidate with any other corporation running a parallel or
5't* earning#................... *.........
379,911
435,487
213 022
Interest c h a r g e s ....—. . * . .........
none
160,916
240,136 competing line. Ic permits municipal authorities to grant
Balance for d ivid en d s..............
379,911
274,571
100,000 street car franchises for fifty years upon petition of a majority
Dividends paid————————* 419,673
194,577

( alomet Flectrie Street By. (Chicago) — Receiver’s Certifi­
e s !, 5 A uth orized ,— Judge Showalter has authorized Receiver

JU1ASCE SHEET JASCARY 1, 1897.
Liabilities.

A tselt .
Const., top*., real es­
tate and franchises. $11,823,059
Profit and l o s s ------ ..
167,584

Bill* receivable..........
Cash........................ .

Capital stock, 120,000
sh a re s............... ........$12,000,000
Tickets In circulation.
28,805

12,958
25,204

.$12,028,805
T otal....................... $12,028,805
Total
onbttrt, « e .—President. George T. D u n lo p ; Vice-President, Charles
C.
secretary and Treasurer, Charles M. Koones. General
title*, Central Power Station, Washington, D. C, Transfer oflloe,
t'r c te i e ia u t Mortgage A Trust Co., Hew York. Registry office, Union
Trust Co., S ew Y ork,- V. 64, p. 1041.

of property owners or extend present franchises without
petition. Nothing is said of compensation, that being left
apparently to the municipal authorities. Where franchises
are extended the fare is to be five cents for the first twenty
years and the municipal authorities may fix it after that
period.

Lake Shore & Michigan Son them,Ry.—jVeto B o n d s R e a d y .—

Speyer & Co. announce that the new Lake Shore 314 Per cent
hundred-year gold bonds are now ready for delivery in ex­
change for their receipts and also that the time for receiving
the old bonds in exchange for the new issue has been ex­
$ Chicago X Esgtern Illinois R R .— General Consolidated tended to June 23. See advertisement in another column*—
V. 04, p. 1042,
Mortgage Lim ited in Issu e.— A t the annual meeting of the
week, action was taken limiting
&
Sixes f o r $1,848,600 E x ­
at may be issued under the general tended a t Jf p er c en t.— Of the $4,652,500 gold 6 s due Dec, 15,
contolidated and first mortgage of 1887 to $30,000,000, A suf- 1897, the entire lot of .$1,842,500 offered the privilege of ex­
f ri. t.t amount of bonds are reserved to retire all prior tension by Brown Bros, Sc Co. of Philadelphia have been so
It* nr, including Chicago & Indiana Goal. This leaves about extended at 4 per cent to June 15,1914. The balance of the loan
P /O U H O bonds that may be issued under the mortgage at will be paid at maturity,—V , 64, p. 1001.
ihe rate of $16,400 a mile for single track, $8,000 a mile for
Memphis & Charleston
— A p p lica tio n to P a y O verdue
d< title track Etd $7,0608 mile for equipment,—V , 64, p, 516.
In terest. —The receivers have made application to Judge Lur( h ie sg o Ret,.— Illinois Gas B ills.— The two bills, known as ton at Cincinnati to pay the January 1, 1895. interest on all
the* tine Frontage bill and the Gas Consolidation bill, have claims of the 7 per cent bonds and to expend $40,000 in equip­
h*»n )•«** <1 by bothheutCKof ihe Illinois Legislature and have ping the freight cars with air brakes. The application
i - f f.-it to O.i Governor for signature,
The report on Thursday will be heard on Monday, and it is expected it will be
granted.— V. 64, p. 799.
that the I 111* were eigned was premature.
The Fn. nlage bill compels any new gas company to get the
Mobile & Ohio RR.— Stockholders Suit to E n jo in M o n t­
consent o f a majority of property owners on each mile of its gom ery E xten sion W ith d ra w n . —The suit brought in the New
j rot •**d rr me and permits objecting property holders to get York Supreme Court by Reuben L?land, a holder of Mobile &
cut injunctions without the intervention of the Attorney- Ohio Railroad stock, to enjoin the execution of the contract
!,i m mi. The Consolidation bill provides that any gas com­ to build the Montgomery extension, has been discontinued on
pany tnay l>i.!> or sell cut to another company and thatexist- the application of Messrs, Davies, Stone & Auerbach, the
u
usuri es m e? consolidate into a single corporation.— plaintilf’a attorneys. Construction work is being pushed over
V , 64, p . 1006,
the entire length of the line and it is expected to have the
(el* hdba t- Mtrjlend K it —JRfit» M ortgages. —This com­ road in operation early in 1898.— V, 64, p, 707,
part i a* rtcordtd two mortgages, a first mortgage recuring
National Wall Paper.—Decision in F a v o r o f C o m p a n y.—
|j>,( I'l-.i f ft ct Apt i ..(M tends maturing D«o. 1, 1941, and a The United States Court of Appeals has given a decision in
« u n d tr- riyig*' Ur $»,<.(K»,OtO of 5s duo June 1 .» 4 7 . The favor of this company in the suit brought by Creeswell &
old fim noitmge tends, of which only $2,850,000 were Washburn (whose business was bought out by the National
U«wd, w it he rallied ly the new tceoede, 'the holders having Company) for an injunction to restrain the company from
!-sr> <d to tfc. exchange. The ntw firsts will be used to finish paying interest on its $3,000,000 debenture stock. The legality
the ! k i!i j rer<1 ■ v., . t, Ts tio.ore and Washington, and to of the entire common stock of $30,000,000 was questioned.
i «y lie ir eh'tti dtt*s ' 1 ihe Catonsville Construction Com- The Court decides that good will is property for which stock
fsry, whirl, rd attdfttd ihe work last year.—V, 04, p, CIO.
may be issued.—V . 62, p. 1139.

Lehigh Coal

Navigation Co.—

RR.

J une 5 1897, j

THE CHRONICLE.

1089

New York & New Jersey Bridge. —A n n u a l M eetin g . —At cent was earned on the first preferred, besides a substantial
the annual meeting June 1 Secretary 3 wan stated that the surplus for the second preferred stock.—V. 64, p. 1041, 1043.
extension of the pier-head lines recently approved by the Sec­ Pennsylvania Company.—E a rn in g s.— A nn ua l M eetin g .—
retary of War will shorten the main span of the bridge from This company operates the lines of the Pennsylvania RR. west
3,110 to 2,710 feet, thereby reducing the cost of construe ion of Pittsburg and Erie. For the year ending December 31,
from $25,000,000 to $17,000,000. He also announced that “a 1896, on the 1,225 miles directly operated, earnings were as
plan for raising the money for construction is under the con­ follows :
sideration of representative men, but it is advisable to await
Gross
Net
Interest,
Balance,
an improvement in the financial condition of the country 1896................... $19,123,975
earnings.
earnings.
rentals, etc.
surplus.
$7,312,371
$7,074,104
$238,267
before completing any definite financial operation.” Regard­ 1895................... 20,888,964 8,302,629
7,355,594
947,035
ing statements that the company had forfeited its charter At the annual meeting on June 1, the following directors
because of failure to begin work within a year from March were elected: Frank Thomson, James McCrea, J. T. Brooks,
13, 1896. Colonel James McNaught, General Counsel of the John E. Davidson, Joseph Woods, John P. Green. William H.
company, is quoted as follows :
N. P. Shoitridge, Charles E. Pugh. Samuel Rea,
“ Sections 3 and 7 of the act of Congress relating to the Barnes, Wood,
C. Stuart Patterson and William Stuart.
New York & New Jersey Bridge Company require the com­ George
Wood succeeds Henry D. Welsh, deceased; C. Stuart
pany co begin work within one year after the location George
succeds George B. Roberts, deceased, and William
of the bridge and after all the plans have been approved Patterson
by the Secretary of War. The location of the bridge Stewart succeeds Amos R. Little, resigned.—V. 63, p. 73,
was approved March 13, 1896, and part of the plans Peoria Decatur & Evansville Ry .— F ir st M ortg a ge C om ­
have not yet been approved. Notwithstanding this, the m ittee Calls f o r D ep osits .—The first mortgage bondholders
company began its work of construction in December last, committee appointed in 1894, and consisting of W. A. White,
and under General Wilson’s interpretation of the company’s C. A. Peabody, Jr., E. H. Ladd, Jr., M. S. Paton and W. H.
charter it would have one year from December last within Brown, objects to the terms offered the first mortgage bonds
which to expend the sum of $250,000 upon construction. It under the reorganization plan of the Scudder Committee (V.
is very probable that General WilsoD, at the time of making 64, p. 1042), and asks the first mortgage bondholders to deposit
his report, did not know that the company had begun work their bonds with the Atlantic Trust Company, 39 William
Street, New York, where receipts will be given and copies of
within the time required by said act.”—V. 63, p. 1010.
Norfolk & Western Ry.—Clinch V alley a n d A d ju stm en t the agreement may be obtained.—V. 64, p. 1042.
B o n d s P aid . —The Clinch Valley bonds and Norfolk & West­
Railroad Pooling B ill. — A c tio n b y S en ate C om m ittee P o s t­
ern adjustment bonds which did not come into the reorgani­ p on ed .—The final consideration of the Railroad Pooling Bill
zation (said to amount to less than $10,000 of both issues) was on Thursday again postponed by the Senate Committee
were paid off at par and interest on June 1.—V. 64, p. 376. on Inter-State Commerce. Senator Chandler moved a post­
until December 1, but the motion was not voted
Northwestern Elevated RR. (Chicago).—L oa n . —Tbi3 com­ ponement
and a compromise was agreed upon postponing the
pany some time ago negotiated a loan of $300,000 at 6 per upon,
until the next weekly meeting.
cent, secured by bonds of the company. The proceeds were measure
At a meeting of the New York Chamber of Commerce on
used for construction purposes. About three miles of struc Thursday
resolutions were adopted that in view of the recent
ture are now completed.—V. 64, p. 181.
Court decision in the Trans-Missouri Freight Asso­
Ogdensbnrg & Lake Champlain RR.—Central Vermont Supreme
it is important that the pending pooling bill be
RB.—In terest P a y m en t. —Judge Wheeler has ordered the re­ ciation case
so that railroads may exercise the right, which all
ceivers of the Central Vermont to pay to the O. & L. C. bond­ passed,
corporations and citizens eDjoy, to make contracts with
holders from the net earnings of that road in their hands, the other
other.
amount of one semi annual instalment of interest, amounting each
Short Route Ry. Transfer.—Illinois Central RR.—Purto $105,000.
a st .—The Illinois Central on June 1 purchased at fore­
It is stated that when the O. & L. C. was turned over to the ch
sale the Short Route Railway Transfer for the upset
present receiver there were only 17 locomotives in service out closure
of $500,000. The Short Route skirts the river front in
of 34 on the road when the Central Vermont leased it (in price
1886), 12 of the 84 having disappeared entirely, along with Louisville, Ky., connecting the roads of the eastern and
one-third of the passenger equipment and 700 freight cars, western parts of the city.—V. 64, p. 331, 952.
which were destroyed during the time the lessees held pos­ United States Rubber.— P r efe rr ed D ivid en d R ed u ced .—
session of the road.—V, 64, p. 567, 952.
This company has declared a semi-annual dividend, payable
15, on its preferred stock of 2 per cent instead of the usual
Omaha Minneapolis & Buffalo RR.—No C on n ection w ith July
K an sas C ity P ittsb u rg & G u lf. —Regarding the statement 4 per cent semi-annual payment. The preferred is entitled
to
8
per
cent yearly, but dividends are non cumulative. On
that a mortgage for $15,000,000 bad been filed on a proposed the common
the first dividend was paid in March, 1895,
road from Omaha to Buffalo (as noted in our columns last being perstock
and in February last a dividend of 2 per
week), said road to be a northern connection of the Kansas cent was paid.cent,
following statement was made: “The
City Pittsburg & Gulf RR , the Missouri Kansas & Texas company havingThe
decided to reduce prices of boots and shoes,
Trust Co. makes the following official statement :
to the general depression in business, the directors
“ The Kansas City PittBhurg & Gulf Railroad has its north­ and owingit prudent
to declare a smaller dividend than usual
ern terminus at Kansas City and its southern terminus at thought
tt is time. When the next dividend period is reached six
Port Arthur on the Gulf, and the entire attention of its offi­ at
cers and directors will be directed toward developing this months from now the earnings for the year can be better
property. The proposed road, if such is really contemplated, determined.”—V. 64, p. 1043.
we have no connection with. We were asked by some for­ Wabash RR .—E n tra n ce in to B u ffalo over G ra n d T ru n k .—
eign capitalists if we would consent to act as trustee for the The Wabash Co. has arranged with the Grand Trunk to run
bondholders, and a reply was given that we would consent so two of its trains daily over the latter’s line into Buffalo.
to do. This is all there is in the proposed road so far as the E el R iv er Franch ise D ecision .—At Kokomo, Ind., on May
Kansas City Pittsburg & Gulf Railroad or the Missouri 28, in the Superior Court, Judge Brownlee directed the jury
to find a verdict for the State in the suit which has been
Kansas & Texas Trust Co. are concerned.”—V. 64, p. 1042.
pending for several years brought to forfeit the Ed River RR.
Oregon Short Line RR.—E xclu siv e Traffic A rra n gem en ts franchise.
The road forms part of the Logansport & Detroit
W ith U nion P acific D iscon tin u ed . —Oi June 1 the Eastern
of the Wabash, judge Brownlee in his charge in­
terminus of the Oregon Short Line at Ogden was thrown division
the jury to find for the State, holding that the Eel
open to all roads. In view of this action on the part of the structed
had no right under its charter to lease itself to a com­
Oregon Short Line management, the Union Pacific receivers River
line; that the life of a corporation ceases to exist when
will discontinue the concession of constructive mileage on the itpeting
its property and ceases to exercise direct control
basis of one and three-quarter miles for each actual mile ot abandons
its own affairs; that an organization for the sole purpose of
heretofore allowed the Short Line in return for the exclusive collecting
rental does not fulfill the requirements of the fran­
interchange of traffic. The new arrangement opens up the chise. Surrender
(ting company warranted revoca­
North Pacific coast territory via the Denver & Rio Grande and tion of the charter.to aAncomp
may be taken. The Wabash
Rio Grande Western to the Rock Island, Burlington, could dispense with theappeal
Eel River road, for which it pays
Santa Fe and all other lines connecting with the Rio Grande $90,000 a year, by constructing
about 31 miles of road from
roads on same terms as to Union Pacific.—V. 64, p. 1042.
Savannah Traction.—Savannah Thunderbolt & Isle of Butler to a point on its main line.—V. 63, p 459, 460.
Hope By. —C on solid a tion .—On Saturday the property of the
Savannah Traction Co. was conveyed to the Savannah Thun­ —The New York Security & Trust Co. and Messrs. Chas. T.
derbolt & Isle of Hope Railway Company, under whose char­ Wing
Co., New York, and J. H. Fisher & Co., Baltimore,
ter, when amended, the roads will be operated. The City & offer at&105
interest the first mortgage 5 per cent gold
Suburban RR., it is stated, will be operated for the present bonds of theand
Savannah Florida & Western RR The proceeds
under its own charter, and whether it will enter the consoli­ from thtsa bonds
will be used to pay off the Atlantic & Gulf
dation is not known. Both companies are controlled, how- sevens maturing July
1, when the new bonds become a first
ever, by George Parsons of N. Y. It has not been decided mortgage.
what new securities will be issued.—V. 64, p. 755.
St. Louis & San Frat.cisco RR.—F ir st D ivid en d o f R eor­ —Messrs. A. M. Kidder & Co., 18 Wall.Street, offer for sale
ganized C o.— The net earnings for the ten months from July six per cent Northwestern Telegraph and eight per cent Rens­
& Saratoga guaranteed stocks. See their advertiser
1, 1896, to May 1, 1897, show a surplus of about $370,000 over selaer
interest chargee, taxes, rentals, etc. The company is reported ment pn page viii.
to bold a large cash surplus, with no floating debt, and in view —Mr. F. J. Lismao, 30 Broad Street, advertises in another
of this position the directors on Thursday declared a divi­ column that he is prepared to trade in fractional lots of stocks
dend of 2 per cent on the $5,000,000 of first preferred stock. and bonds cf such railroads as have issued securities in odd
The net earnings for the ten months show that the full 4 per amounts lately.

THE CHRONICLE.

1090

R e p o r t s a n d 3D o c u m c u t s .
C H I C A G O ROCK I SLAND & PACI FI C R A I L ­
W AY C O M P A N Y .
SEVENTEENTH ANNUAL REPORT—FOR THE YEAR
ENDING MARCH 31, 1897.
Th> ikiud of Directors submit the following report for
the year ending March 3t, 1897:
Grv** e#ratuK» were..................... . . ............................. .
71
Oiw-rAUa^
ami taxes........................................... 11,612,S~7 *5
......................... ................. ...................... ^5,533,825 -16
oi s c*»U n ••ipt- of t o d sola....................................
11,916 12
A.M ,St*e*uuit OB $23,000—5 per cent E xt. and Col.

Bond* nun h»»r<l for account of the Sinking Fund
under the Mortgage..........................................................
X- 1UH-ome..... ....... . . . . . . . . . . . . . . .

From thl« .iniioo.it liaa been paid—

32(5 25

. . .. . . .. . . . .. . $5,516,067 83

K ■tnierr*? on Bonded Debt........— $3,321,525 00
For Krutaia of Leased Lilies..................
681,729 91
For Rental* and Tolls Mo. River Bridges. 09,216 65
For i • •ideml on Capital Stock—2 p. c —
923,116 00
---------------- —

5,025,587 56

surpHi* for the year.......................................................
$520,180 27
The C apital S to ck and B o n d ed D e b t o f th e C om p a n y a r e :
Capital stock i-tiied.................................................. .........$46,155,800 00
Friiottonnl scrip court rttlde into Stock...........................
200 00
Six per cent Mortgage Bonds............................................. 12,500,000 00
Five per cent Ext. and Col, Bonds........ $10,712,000 00
!.e-« li t *- purchasedaccount Stnk. Fd.
318.000 00
---------------------- 40,394,000 00
i Ire per cent Thirty-Year Debenture Bonds................... 4,500,000 00
s < v e per cent C. a S. W. By. Bonds Guaranteed.......... 5,000,000 00
Main Line and B ra n ch R a ilroa d s o w n e d , leased a n d op er­
ate I by the C h ica g o R o c k Isla n d & P a cific R a ilw a y C om p a n y
at the "date o f this" report are as fo llo w s :
LINES OWNED.
.Miles.
Chicago, iil.. to Council Bluffs, Iowa........ ....................499'62
Davenport, Iowa, to Atchison, K an................................341’ 84
Edgrrtnu June., Mo,, to I c.ivt uwortli, Kan.................. 20-31
Washington, lowa, to Knoxville, Io w a .......................... 79’
South Englewood, 111., to South Chicago, 111..................
7-50
Wilton, Im u , :,> Muscatine, Iowa................................... 11‘98
Wilma, low o. to Lime Kiln, Towa ...................................
0-08
Newt,in. I*,wa, to Monroe. Iowa...................................... 17in-. Moiin-s, Io'- - to InilianolB and Winterset, Iow a.. 47-07
. Iowa, ;t. i iutlicie Center, Io w a ........................... 14-58
Atlantic, low a, to Audubon, Io w a
........................... 24-54
fi
................................... 14-71
Avinot, Iowa, to caraon, I o w a ................. ................. 17*61
Av, a. Iowa, to Batina, Iow a........ ........... ................... 11*84
Mt Zion, Iowa, to Kf osaoijiia, Iow a..............................
4-50
AltamoM, Mo., to St, Jotmyih, Mo.................................
49*66
M 1, to Ru«U\ Hie, Mo......................... 14-70
KatifiM City. Mo., to ArmiHirda.li*, Kan,..........................
2-40
South fniiaSi-a. Neb., to .1an«en, Nob................................ 107-05
Elwootl, Kan., to Liberal, Kan......................................... 439*54
■: rai. i ml. T.-r............................... 349-07
Ina, Kan.............................
49*30
ilorton. Kan., to Un-well, Colo........................................ 508-65
on. N eb....................................... 51-53
McFarland. Kan.. »■> Belleville, Kan................................ 103'98
Dodge City, Kan., to Bueklin, Kan.................................. 26‘6-i
Total mile* ow ned................................................................... 2,880-70
LINES LEASED.
Bureau, 11!., to Peoria, III................................................. 46-70
KwSuii, Iowa, to Den Moines, Iowa................................ 162-20
I<> - M -inc-. Iowa, to Fort Dorigo and Ruthven, Iowa. 143-76
Total ini!m leaned...................................... ..................... .......
TRACKAGE RIGHTS.
OyiT Hannibal A St, Joseph P.B.—
Cami rnn. Mo., to Kan*a* City, Mo............................... 54-30
OrcT Union Pacific Ry.—
Conucij lm«r*. Iowa, to South Omaha, Neb................
7-02
K a n »« City, Mo., i<- North Topeka, Kan.................... 67-35
Union, Coke, in Denver, Colo...........................
89-78
Or*r Denver A Rio Grande RK.—
D ean r, Colo., to Pueblo, Colo...................................... 119-60

352-66

Total mile* trackage right*.....................................................

338*05

of road over which trains arc operated............ 3,571-41
The road is located in different States, as follows:
T.-tai mile*

'&%n~0? 'm iim in \litn o ti* ,
**

1424-30

253*19
I7«*94
106*99
I I f *40

**
«
M
**
**

Iowa,

®* Mimnuri,
Kimoum*
Kobracks.

i

j

i

I^iual to 4,4.97*46 miles o f single track.

CoSoimdo.
Indian Tor.
Oklali.Ter.

3,571 41 mi Iff#.

201*89 miles o f second track,
10*59
“
third track.
713*57 “
side track.

|

* t, Tti< ?)t showing the details of Earnings and Percentage

GfwnuiiJg E x j* n •- ? .1s com pared w ith previous fiscal year:
I§0mrmm<uf rcr mme—
m t tmmm
Wmteki
•
Mm

Rxpre*.

freer) t«*l 7graph lines*,

8

***

OpwmMug mswea*

rain§»*,*„***,

i'rcrr finding
Tear ending .
March 31, 1 *97. March 31, 1896.
... $4,072,120 64
$4,445,952 85
11,229.175 33
11,159,100 26
562,612 28
640,259 86
409,200 00
409,200 00
867,021 45
797,266 08
6,617 01
7,874 27
.$17,146,682 71 $17,359,653 32
.$10,743,148 23 $1 0,977,32113
869,679 02
889,272 92

b't'-xrair.w *... . . ..
. $5,533,8-25 40
Piw*a v l>f llptrl. r: p* 1 1gro»» ranvi
82 65-100
#***. tecinding tksea.,
67 73-100

$5,493,059 27
63 23-100
68 36-100

[V ol , L X IV .

P a ss e n g e r E a r n in g s . —In comparison with the previous
year passenger earnings show a decrease of §373,826 21, or
8 41-100 per cent, which is made up of a decrease in earnings
from connecting lines of §80,947 30, or 4 43-100 per cent., and
a decrease from business originating on our own line of
$3-12,878 01, or I) 14-100 per cent.
The total number of passengers carried decreased 408,189,
or 7 95-100 per cent.
The number of first class passengers carried decreased
406,549}^, or 7 05-100 per cent.
The number of second class and emigrant passengers car­
ried decreased 1,689}^, or 8 38-100 per cent.
The number of passengers carried one mile decreased 23,
960,609, or 12 72-100 per cent.
The average distance traveled by each passenger during
the year ending March 31,1896, was 40 miles, and during
the past year 38 miles.
The number of through passengers (passengers delivered
to or received from connecting lines) decreased 24,287^', or
12-18 per cent, and the number of way (local) passengers
decreased 383,901%, or 7 79-100 per cent.
Of all the passengers carried 2,371,064, or 50 20-100 p. c.,
traveled "West and 2,352,153, or 49 80-100 p. c., traveled East.
The rate per passenger per mile for the year ending March
31, 1898, was 2 089-1000 cents, and for the year ending
March 31, 1897, xvas 2 187-1000 cents.
The passenger business at 167 stations shows an increase
during the year of §74,111 39, and at 364 stations a decrease
of §447,987 00.
The number of passengers carried shows an increase dur­
ing the year, at 215 stations, of 111,613, and a decrease at
314 stations of 519,802.
F r e i g h t E a r n i n g s .— Freight Earnings for the year in­
creased §70,075 07, or 63-100 per cent.

The revenue from through freight (freight delivered to or
received from connecting lines) increased §256,675 96, or
4 24-100 per cent, while the revenue from local freight de­
creased §186,600 89, or 3 65-100 per cent.
Of the entire freight earnings, 56 16-100 p. c. was from
through freight, and 43 84-100 p. c. from local freight.
The "movement of freight as compared with the" previous
year shows an increase of 97,646 tons, or 1 58-100 per cent,
while the rate per ton per mile has decreased from 1 3-100
cents to 96-100 cents.

Gross B a r k i n g s show
1 23-100 per cent.

a decrease of §213,000 61,

or

O p e r a t i n g E x p e n s e s show a decrease of §234,172 90, or
2 13-100 per cent.
T a x e s decreased §19,593 90, or 2 20-100 per cent.
Full details of the foregoing, as also statements of Assets
and Liabilities, Income Account and valuable statistical
information, will be found forming a part of this report.
The amount charged to Construction and Equipment
Account for the year is as follows:
F or
“
“
“
“
“
“
“
'

Land, Land D am ages............................................................. $49,842 84
New Depots, Shops, W ater Stations, e tc .......................... 31,101 34
3,410 32
N ew M achinery fo r Shops....................................................
Fences, Grossings and Signs................................................
4,989 04
A dditional Second Tracks (95-100 m iles)........................
3,929 06
A dditional Side T racks (10 01-100 m iles)........................ 91,215 99
R educing Grade and Change o f L in e................................
69,630 35
New M ississippi R iver B ridge............................................ 148,*232 64
N ew E quipm ent......................................................................
4,633 04
:k E
Track
J levationliill C hicago................................................ 254,000 49
$660,985 11

L a n d , L a n d D a m a g e s .—The more important purchases for

this account were for additional yard facilities at La Salle,
111., Davenport, Iowa, and Topeka, Kan.; for gravel pit at
Joliet, 111., and additional land necessary for change in line
on South-Western Division.
M a s o n r y , B r id g e s a n d C u l v e r t s .— Pile, trestle and
wooden span bridges aggregating in length 18,741 feet, or
8 55-100 miles, have been replaced by permanent structures
or filled with earth at a cost of §319,910 33, which amount
has been charged to operating expenses,
N e w B u il d in g s .—The principal items are : An addition of
eighteen stalls to round house and an addition to machine
shops 80 feet long at Valley Junction, Iowa. The above
structures are built of brick. Elevators of 8,500 bushels
capacity each, at Whiting and Holton, Kan.
F ences , C rossin gs a n d S ig n s .—Interlocking plants have
been erected at Carnforth, Iowa, and Grand Junction, Iowa,
crossings of the Chicago & North-Western Railway.
A d d it io n a l S econd T r a c k .—Second track has been ex­
tended on South-Western Division through Muscatine, Iowa,
and across the new Mississippi River Bridge, between Rock
Island, 111., and Davenport, Iowa.
S ide T r a ck s .— New side tracks aggregating 10 61-100
miles have been constructed on the various divisions of road.
R educing G rade and C hange of L ine .— On the SouthWestern Division, between Mercer and Alvord, Mo., and
near Centerville, Iowa, extensive changes have been made,
whereby the line has been straightened and grades reduced.
N e w M ississip pi R iv e r B r id g e .— The bridge over the Mis­
sissippi River, between Rock Island, 111., and Davenport,
Iowa, having become too Small to accommodate the in­
creased traffic, both for the railroad and public travel, the
United States Government, being joint owner with this
Company of the old bridge, by Act of Congress approved
March 2,1895, decided to erect on the old piers a new double
deck bridge of sufficient capacity to allow the Railroad Comi pany to double track t h ; structure. Work was commenced

THE CHRONICLE

J une 5, 1897.]

in November, 1895, and completed in December, 1896. The
structure is entirely of steel and iron, i,850 feet long. This
Company’s proportion of the cost of the new bridge has been
$365,732 64 : of this amount the additional cost, $148,232 64,
due to making a double track structure, was charged Con­
struction Account, and the balance, $157,500, that is, the
amount which it would have been necessary to expend toreplace the old bridge with a single track structure, has been
charged to Repairs of Bridges.
E q u ipm en t .—Eight (8) large Locomotives and Three Hun­
dred and Sixty-nine (369) Box Freight and Coal Cars (capac­
ity 20 to 30 tons) have been purchased or built during the
year, to take the place of old and worn-out equipment. The
entire cost of same has been charged to Operating Expenses.
T r a c k E l e v a t io n in C h ic a g o .—During the year track
elevation was extended from 46th Street to 59th Street.
The expense of this work is shared jointly with the Lake
Shore & Michigan Southern Railway Company. Of the
work done during the past year, our proportion of cost has
been $254,000 00. The mileage of road in Chicago now
covered by track elevation is 3 97-100 miles, leaving 2 64-100
miles yet to be elevated, under the requirements of the City
Ordinance dated July 9th, 1894.
The Directors desire to express to the Officers and Em­
ployes of the Company, their appreciation of the manner in
which the business has been conducted during the past year.
All of which is respectfully submitted.
R. R. CABLE,
P resid en t.

INCOME ACCOUNT.
F R O M A P R IL 1 , 1 8 9 6 , TO M A R C H 3 1 , 1 8 9 7 .

1896May 1 To Dividends p a id -W o .........................................
$230,779 00
May 1 “ Interest paid on C. & S. W. Ry. Bonds..........
175,000 00
July 1
“ Interest paid on 6% Bonds.. ..........................
363,000 00
July 1
“ Interest paid on 5°o Ext. and CoL Bonds__ 1,010,425 00
Ausr. 1
" Dividend paid—
..........................................
230,779 00
Sept. 1 “ Interest paid on 30-year 5% Debent. Bonds..
112,500 00
Nov. 1 “ Dividend paid—Lj%...........................................
230,779 00
Nov. 1 11 Interest paid on C. & S. W. Ry. Bonds..........
175,000 00
1897—
Jan. 1 “ Interest paid on 6% Bonds..............................
363,000 00
Jan. 1 “ Interest paid on 5% Ext. and Col. Bonds.....
1,010,100 00
Feb. 1. “ Dividend paid—%%..............................
230,779 00
Mar. 1 “ Interest paid on 30-year 5?o Debent. Bonds..
112,500 00
Mar. 31 “ Rent Peoria & Bureau Valley RR...................
125,000 00
Mar. 31 “ Rent Keokuk & Des vioinesKy........................
139,52145
Mar. 31 “ Rent Des Moines & Ft. Dodge RR.................
153,680 34
Mar. 31 “ Rent Hannibal & St. Joseph R R ....................
43,644 36
Mar. 31 “ Rent Un. Pac. Ry.,Council Bluffs to So. Omaha
45,000 00
Mar. 31 ** Rent Uu. Pac. Ry., Kan. City to No. Topeka..
32,923 00
Mar. 31 “ Kent Union Pacific Ry., Liraon to Denver__
47,662 69
Mar. 31 “ Rent Denver <fc Rio Grande RR.......................
94,298 07
Mar. 31 “ Toils and Rentals paid Mo. River Bridge Cos.
99,216 65
Mar. 31 “ Operating Expenses and Taxes from April 1,
1896, to March 31, 1897............................. 11,612,827 25
Mar. 31 “ Balance................................................................ 2,603,111 38
$19,241,526 19
1896—
April 1 By Balance from previous year........................... $2,082,631 11
1897Mar. 31 “ Gross earnings Apr. 1.1896, to Mar. 31,1897. 17,146,652 71
Mar. 31 “ Receipts from Laud Department.....................
11,916 12
Mar. 31 “ Discount on $23,000 5% Ext. and Col. Bonds
purchased for account of Sinking Fund......
326 25
$19,241,526 19
1897—
April 1 By Balance
$2,603,111 38
CONDENSED BALANCE SHEET APRIL 1, 1897.
Cr e d it B a l a n c e s .

LIABILITIES.
Capital Stock, fixed, $50,000,000;
amount issued.................................. $46,155,800 00
Fractional Scrip outstanding, con­
vertible into Stock...........................
200 00
Six per cent Mortgage Coupon Bonds.
8ix per cent Mortgage Regist’d Bonds

4,605,000 00
7,895,000 00

Five per cent Exten. Coupon Bonds..
Five per cent Exten. Regist’d Bonds.

35,387,000 00
5,325,000 00

Five per oent Debent’e Coupon Bonds
Five per cent Debent’e Regist’d Bonds

4,375,000 00
125,000 00

Chicago & Southwestern Railway Bonds, guaranteed.
Addition and Improvement Account..............................
Accounts Payable............. .................................................
Profit Balance to Income Account..................................

$46,156,000 00
12,500,000 00
40,712,000 00
4.500.000 00
5,000,000 00
8.213.000 00
536,991 47
2,603,111 38

$120,221,102 85
D ebit B alances .

ASSETS.
Cost of Road and Equipment, including all Branoh
Roads owned by the Comxjany................................... $103,890,757 36
Cost of Track Elevation in Chicago................................
601,857 42
Cost of Railroad Bridge at Rock Island.........................
964,128 96
Capital Stock and Bonds of Connecting Roads.............
6,205,121 80
Loans and other Investments..........................................
558,263 02
Advances made to the Chic. R. I. <k Texas Ry. Co. as
per agreement dated Jan. 2, 1893..............................
1,956,961 43
C. R. I. k P. Ry. Co. Capital Stock on hand.................
12,100 00
C. R. f. <k P. Ry. Co. Six per cent Mort. Bonds on hand.
400,000 00
Sinking Fund Account, First Mortgage Extension and
Collateral Five per cent Bond* purchased..................
318,000 00
Stock of Material, Fuel, etc., on hand.............................
1,050,053 43
Accounts Receivable.........................................................
778,258 81
Cash and Cash Assets........................................................
3,485,600 62
$120,221,102 85

1091

3yk c C o m m e r c ia l ^ r m e s .
COMMERCIAL

e p i t o m e

.

F r id a y N ig h t , June 4,1897.

Although no marked improvement has been reported in
trade during the pa9t week, the general business situation has
continued to steadily improve. The rapid progress being
made by the Senate in its legislation on the tariff bill and the
utterances made by Secretary Gage to the effect that the cur­
rency question will receive the attention of the Administra­
tion has had a generally favorable influence. Early in the
week advices from the Northwest reported frosts, but gener­
ally weather conditions have been reported favorable for the
growing crops, and this, too, has had a beneficial effect upon
the business world. The crisis in the Spanish Cabinet has at­
tracted some attention, owing to its bearing upon the Cuban
question, which, however, it is thought, will not be materially
affected by the outcome.
The following is a comparative statement of stocks of lead­
ing articles of merchandise at dates given :
Pork...............
..bbls.
L a rd -------- -------- . . . . _____ tos.
Tobacco, domeetio............hhds.
Tobaoco, foreign...............bales.
Coffee, R io .........................bags.
Coffee, other....................... bags.
Coffee, Java, &o.................mats.
Sugar..................
hhds.
Sugar............................bags, &o.
Molasses, foreign ..............bhds.
No.
H ides.............
Cotton................................ bales.
Rosin................................... bbls.
Spirits turpentine............... bbls.
T a r ...................................... bbls.
Rioe, E. I .............................bags.
Riee, domestio.................... bbls.
Linseed . . . ....
bags.
Saltpetre............................. bags.
Jnte butts......................... bales.
Manila h em p ................... bales.
Sisal hemp.........................bales.

June 1,
1897.

May l,
1897.

18,643
15,083
11,986
2,611
396,303
128,392
53,097
8,542
2,142,130
None.
35,600
140,314
19,910
1,745
2,397
53,000
5,100
None.
19,500
15,000
19,634
21,019

18,467
19,090
13,096
3,531
334,019
120,800
46,000
5,574
1,966,421
150
36,600
202,433
28,072
307
3,611
40,000
2,500
None.
17,750
None.
18,859
25,704

June 1,
1896
8,905
23,653
13,225
30,313
178,977
6 2,185
68,143
5,724
1,624,290
None.
128,100
124,747
17,229
1,193
1,902
11,000
11,300
None.

10,000

4,200
33,183
62,889

The demand for Western steam lard has continued slow,
and as the offerings have been fairly free prices have de­
clined, closing at 3 75c. Prime city lard has had a moderate
demand for export to Cuba but prices have declined with
Western, closing at 3'10c. Refined for the Continent has been
quiet and unchanged at 4T0c. The local market for lard
futures has been neglected. At the West packers have been
free sellers prompted by heavy receipts of swine and the close
was easy.
D A IL Y CLO SIN G PRICKS OP LARD FUTURES

Sat.
July.............................. o. 3-87

Mnn
Tues.
Holiday 3'85

Wed.
3'85

lhur.
3-85

Fr\.
3'80

Pork has been in demand for export to the West Indies at
steady prices, closing at $8 50@$9 00 for mess. Cut meats
have had a fair sale as Cuba has been a buyer, and prices
have advanced slightly. Tallow has been quiet but steady at
3c. Cotton seed oil has been quiet and unchanged at 20c. for
prime crude and 23J^@23%c. for prime yellow,
The demand for the Brazil grades of coffee has been slow,
and as the offerings have continued moderately large there
has beeD a slight further decline in prices, closing at 7J^c. for
Rio No. 7. The mild grades have had only a limited sale, but
prices have been without changes, closing steady at 14o. for
good Cucuta and 25c. for standard Java. Tue speculation in
the market for contracts has been quiet and the changes
in prices have been unimportant. At the close some European
buying, stimulated by a decrease in the visible supply, caused
a slight advance in prices. Following were final asking prices:
June................. 7'30o. iS en t................ 7 35o. I Deo................... 7'40o.
July................. 7-30 j. Oct................... 7'40o. Jan.................... 7-40o.
Aug.................. 7'35o. INov.................. 7'40o. I Feb................... 7‘40o.

Raw sugars have continued in fairly good demand and
prices have advanced slightly, closing firm at 3 5-16c. for
centrifugals, 96-deg. test, and 2l3-16c. for muscovado, 89-deg.
test. Refined sugars have been in fair demand and at the
close granulated was advanced }^c. to 4%c. Teas have been
quiet but steady.
Kentucky tobacco has had a slightly better sale, and prices
have ruled steady. Sales 225 hhds. Seed leaf tobacco has
been in increased demand and steady; sales for the week
were 1,025 oases; also 650 bales Havana at 90c. to $1 40 in
bond and 150 bales Sumatra at 90c. to $2 25 in bond.
The market for Straits tin has weakened slightly under lib­
eral arrivals and in response to easier foreign advices. The
close was fairly active and steady at lS’SOfaiS'GOi. Ingot
copper has had a moderate sale, but at irregular prices, clos­
ing steady at ll@UJ^o. for Lake. Lead has been quiet but
about steady, closing at 3'25c. for domestic. Spelter has ad­
vanced and the close was firm at 4 25@4'30c. for domestic.
Pig iron quiet and easy at $9 25@$12 for domestic.
Refined petroleum has been unchanged, closing at 6'15c. in
bbls,, 3‘65c. in bulk and 6‘60c. in cases; naphtha quiet at 5 50c.
Ciude certificates have been neglected; credit bilances have
been steady at 87c. Spirits turpmtine has had a better sale
and the close was steady at27@27]>£. Rosins have been firm
bu: quiet at $1 72J£@$1 75 for common and good strained.
Wool has been quiet but firmly held. Hops have had only a
moderate call and prices have been barely steady.

THE

1092
C O T T O N .
F r id a y N ig h t ,

C H R O iS K 'L E .

June 4, 1897,

1he MoYGiKST of the C rop , aa indicated by our telegrams
fr e m tiw S o u th to-night, is given below, Forth® week ending
th is e v e n in g the total reoMpts have reached 9,851 bales,

against ui.iSt bales last week and 30,«'i3 bales the previous
wees, making the total receipts since the 1st of Sept., 189ft,
e.i
n bales, against 5,146,913 bales for the same period of
Is s s h o w i n g an increase since Sep,l, 1890, o f 1,489,718 bales.
Total.

Mee^ipte at— j
©sdveeteh . . . . . I
t«

. r n y , ste.i

Hew Orleans

Habile............I
f l o r i d * . . . . —— 1

SenrnMh . . . . . . ’
B ron4*‘k. Ac

< 3 s * r ! « * WJ S I

|V q l . L S I V .

In addition to above exports, our telegrams to-night also
give us the following amounts of cotton on shipboard, not
cleared, at the ports named. We add similar figures for
New York, which are prepared for our special use bv Messrs,
Lambert & Barrows, Produce Exchange Building,
ON SHIPBOARD, NOT CLEARED FOR—

June 4 o ' —

Great
Other CountBritain. .France. Foreign reine.
1,865
1,960
None.
None,
200
None
1,750
2,000

1,201
1,767
None,
None.
None.
None.
100
None.

18,811
683
None.
None.
None
500
2,100
2,700

T otal 1897..

7*715

9,068

Total 1896
Total 1895.

17,033
26,855

225
3,560

New O rleans...
G a lv e sto n ......
Savannah........
Oharlostxm
M o b i l e . . . . . . ...
N orfolk ............
New Y ork ........
Other p o r t s ....

Total.

Leaving
slock,

1,749
953
None.
300
None.
•1,700
None.
None.

26,629
8,303
None.
300
200
5,200
3,950
4,700

51,6309,855
15,961
18,232
1,194
3,368
131,827
27,361

21,797

7,702

19,282

265,731

23,001
25,943

10,106
4,510

50.S65
00,803

272,832
130,965

Speculation in the market for cotton futures has contin­
ued
sluggish, the trading having been confined almost ex­
W *«h':on. Ac
clusively to professional operations, and the net changes in
■ o rfo lk ............ prices for the week are unimportant, as neither buyers nor
Newport N., A c .
sellers have been aggressive. Saturday there was a slight
S ew Y ork ........ j
advanoe in prices, in response to steadier foreign advices and
B oston ...... .......
on a demand from local shorts to cover contracts over the
BASttreore.........
holiday on Monday. The close showed values 1 to 4 points
PJtSl»4eiph’*,A c
higher for the day. Tuesday the market was slightly weaker
9,851 during early ’Changermresponse to dull and weaker foreign
Tot'ts this week
advices. Subsequently, however, the weekly report of the
The foil iwing shows the week's total receipts, the total since Government’s Weather Bureau on the condition of the
Sept. 1, I'M, an 1 the stock to-n!gnt, compared with last year. cotton crop was less favorable than a week ago, some
complaint being reported of lack of moisture, and
Sleek.
1895-90.
1896-97. __
JUenpu to
the market turned stronger, prices at the close showing
Since
Sep.
Since
Sep.
This
This
\
an advance of 1 to 3 points. Wednesday the market opened
June 4
1896
1897,
Week. 1 ,1 896 .
Week. 1 ,1 895 .
firmer on foreign advices, which reported a more active
15,811 business in spot cotton and an advance in futures, stimulat­
18,158
106 *922,138
G alveston ...
2,145 1,336,939
ing some buying by local shorts to cover contracts. Later
1,400
Tex. C.,Ae.
102 112,364
27 112,703
81*259
99,031 in the day, however, prices turned weaker as advices were
1,739 1,723,433
New Orleans
3,332 2,059,107
4,691
5,731 received from the South reporting the fall of needed rains,,
120 195,635
60 289.38s
Mol) lie .........
and the close was unchanged to 1 point lower for the
87,703
32,583
130
There was a firmer tone to the market on
10,822 day.
1,765 716,073
15,961
S avannah...
783 837,381
Foreign advices were encouraging and brought
1,277 Thursday
176,756
15 115,088
5,190
B r'wlok, Ac
16,425 a few buying orders. Local operators also made a few pur­
1,537 279,367
19,532
C harleston..
668 397,912
chases, and at the close prices showed an advance of 2 to 571,096
1,816
77,212
T.R oyal.A c
points. To-day the market opened steady on the execution
5,447
W ilm ington.
620 *170,790
3,681
17 231,387
of a few foreign buying orders, then sagged oil 2 to 4 points,
ffM b 'B .W .
857
767
owing to the absence of speculative interes*. Subsequently,
702,599
9,500
1,915 335,319
8,568
N orfolk ___
511
however, reports of a stronger market at Manchester and an
18,635
1
S 'p ort N.,Ae.
316 168,261
969
38
improved
demaud in the local spot market from spinners
48,230
New Y o r k ...
135,777 122,357
73
53,083
stimulated
some buying to cover contracts, and the close
157.152
11,00*'
1,009
8,300
771 123,531
B oston........
was
unchanged
to 3 points lower for the day. Cotton on the
321
9,449
17,317 spot has had a limited sale; prices declined J^e. on Saturday
Baltimore —
378
61,480
18,063
679
3,537
7,507 but recovered the loss on Tuesday. To-day the market was
13,396
432
42,461
P hlladeL A c.
9,351 6,635,931 11,37915,118.213 315,013 323,197 more active and steady, closing at7%c. for middling uplands,.
T o ta ls ___
The total sales for forward delivery for the week are
S o n :.»s correction* at different ports.
'.83,500 bales. For immediate delivery the total sales foot
up this week 18,737 bales, including 3,129 for export, 3,708
Comparisons. for leading ports are given for six seasons:
for
consumption,-----for speculation and 11,9UOon contract,
Receipt* a t - 1897.
1890.
1895. | 1891.
1892.
1893.
The following are the official quotations for each day of the
GaSvee’ a Ac,
2,172
509
1-163
2,232 past week—May 29 to June 4.
2,286
2,518
On the basis of the rates on and off middling as established
New Orleans
3,332
4,739
5,319;
8,311
9,3 A0
7,093
by the Revision Committee, the prices for a few of the
M ob ile. . . . . .
60
120
217;
66
88
860
grades would be as follows:
S avannah...
783
1,785
3,028:
5,511
4,104
5,838
Pt. Royal, A c

wntutagtoB....!

Ghm'ton,
WSlmton.Ac
N orfolk .......
X. N«W», Ac.
AH oth ers...

666
17
511
39
2,209

3,353
620
1,915
316
1,512

623;
37
1,220
5181
7,368,

207
114
729
715
1,909

661
283
614
761
7,626

409
785
3,5 =0
2,413
4,989

rot, UUa wk.

9,851

14,878

19.8291

18,697

25,290

30,526

1

SI

I

0633,931 5116,213 7801,231:5839,969 1930,102 0987,712

The exports for the week ending this evening reach a total
of
bait's, of which 11,891 were to Great Britain, 939
to France and 1ft,88S to the rest of the Continent, Below an
the export* for the w.-ek and since September 1, 1896,
Wmk BwHn-g Jam 4. 1897. I From Sept. 1, lasts, to June i. ISO!BxptyrUd (»—
________ Exv'srtcit to—_________
Great
Conti­ Total ! Great
ConMfflfrmr*Fr<in« nent, m m . |
Totoi
run!.
:
iN&fMrtL****- *.**»>
733,»N 186.(71 283,m n ils 222
Ttx.tsij.kn..,
21,7Bit 21,798
O f f . n,m
$93 P,3Mj (awwrjtiiaiwo 8(5,973 1,890,800
u m u ..
37,120 180,2KB
UM
rv**4*
130 is: H88,78)
5,818 72,350
__
«,S«| S6.SM 376518 *30,110
21,789 120,9)0
W,l»7| ......
......
r<MS2i| ....... 191,8 •» 270,211
ffcfl fOsf-jfcl. *.,
......
«,10»| .....
89,109
WSlUftfcjf&jrSL
M.*Slj
... 111,883 806,79*
INrfMfc..., .
ISO
51?
liSjSo 5,900 44,#2fl 198,440
*c.,
3j w 0,(27
1,128 10,585
t*m ., .
1
pm 10.&4C*
9U SI: 84,617 249,818 599,220
..
1
Mi
IW
yissj
m.eotj
2,702 230,512
MUs m l ..
iM* 4,MS 80,06»
74.885 163,271
PfeOtlAU
fal*
.
240 wen,
150 10,52,
t,
3,««i
55,011 58,895
TtM ¥,..,, „ iM#§ tm
20,71? 2,!»S1t o >*881.599 9.1)!1,<>10 5,*70*118
: &M4 ipjm 41.710
4,381,505
h
i

UPLANDS.

S a t.

iYIoii fU 6K W e d

T il.

F r i.

6«8
7 '*
7«g

63*
7%
7%

6\

6\

7%
7%
fils
8%

7%

65*
7%

Good Ordinary............................
L'ow Middling..............................
Middling............................. ..........
Good M iddling.............................
Middling Fair..............................
GULF.

S a t.

a
S3
©
w

8®s

M o n T u .es W e d

G ood Ordinary............................
Low M iddling..............................
M idfUinc--........, ...... ............ .
Good M iddling............................
Middling F a ir ...........................

67s
7 >3
77s
83,8
8%

STAINED.

S a t.

M o n T ubs W e d

6%
7q

0*2

M iddling.......................................
Strict M iddling...........................
Good Middling T in ged ..............

£

1©
W

H oli­
day.

7®9

7
7%
8
8 “116
S’ s

7
7%
8
IS16
878

8k)
a

7*%

VI**

R .
8«8

gSOg.

T il.

F r i.

7
7%
8
I87g
I 1®

7
75s
8

Th.

F r i.

6%t
73s
7 ".i2
7%

eqi
7i7ja
7%

MARKET AND SALES.

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
» column which shows at a glanoe how the market closed on
same days.
8AJL.ES OF SPOT AND CONTRACT.
SPOT MARKET
CLOSED.

Sal’d a y .
Monday.
Tuesday
W ed'day
Th’d a y ..
F riday..
T otal___

Ex­
port.

Sale* of
Future*.
Oon- Spec- Oonsump. ul’ t’ n tract. Total.

Steady at % dee.

70%

621

1,332

29,100

Steady at Je ad..
Steady................
S tea d y ...............
S teady................

536
654
718
513

1,086
258
394
1,316

10,100 11,722
1,800 2,712
1,112
1,859

50,900
40,500
30,000
32,400

3,129

3,708

.. 11,900 18,737

133,500-

70
a:

A
■m
60

a

"3
jj
o
fl

©
+3
’3
£>
©
ja
-+^>
a~
.2 o

OO
.O O

”*© ©
_j *o

g

©©©©©©©©©©
©©©© ©©O O ©©
© © © ©C* ©©©© ©©
COQ0iO*O
•ONhH r~i(M CON 0*
‘O f—
(
Tj«

©©©©©©©©©©©
©©©©©©©©©©
4 §o o! ©
©q q © ©©©©©©
®
©coc-Tao ifT-norsciaT©
CON
iH
»-Ht> ^NHH rHlO ©lOOa
H
CO q CO
.©© © © © © © © © © © © ©
©©©©©©©©©©
©
O© ©
©©©©<
n©©© ©q q
ojo©
COo 'tjT©t^r^© cocoi>coof©
»-<(M « N ©
© 04 rH©<N 00X00
.O© © © © © © © © © © © ©
tN.O© Qoo© © ooo© © o
©q q q o q .
©OO. q © © © coojatoV
wV
-*<MC0
© oo-^r-'
O h
<
m

O
P3
W
o
w
w
H

° t
a a

©
©©©t-r^co
©©©© ©©©

§

q q q © h t>00
offrfrHcfC0t>©
•Ot>H 04CO
r^r-'H COH

;, -Al fn ?"■p*
ts»:
u®O
s
o
S
j
j
S
o
g
S'
>a'H^flS'CC 2

!I l l p i 1 8

;•©
s *p
i

-Mc3c3c3c3c3c3(^ci3ctJc8
SPI ,MMMMMMMMM
© © ^OOOOOOOOOO
3DS!B2
S2SSSSS
32
B
CO®
CEODOOtE®CD
Market, Prices and
Sales o f
FUTURES.

i|§l« 55 ss
6 iia *l

Market,
Range and
Total Sales.

©© g 'd o rj'd 'd 'd £
©©
CMCO © Syw 2 2 2 Ea
©^^ 3^ 2 &

S

5J

©©©«»-*'<*
© © © COca»o
©©©ao^H©
cilOOOrH©©
<Mcoio©co
iO©*HH

©
©©t-t^ao
©©©© ©©

©©©rH t>00
©©r-fcot^co
t>.OOrH<MCO
00>0rHCO—1

W
§*
if
1 :S
w
~ts ig
|!I|I
[O eg ®^ ©

Eufaula,

Montgomery,
Selma,

•
; r-S
ota
©O
o
OM
P o®
u

3W

O®o « ®® S g
®3 ©d
{(“ S^ow cS H S " S « S g
72J o «
?§©
o 's £ ,=.9 2*r
£| | ?333
^>§§1
jJO-S&a

o 3 sa£bS

_

A rkansas
G e o r g ia .

Macon,
Rome,

*© rfl .

.S'sg
« « W fd
sS»S
s i - f i s w l ,3
f g g f e a g a ■» ^ sls
33
fi®SSg®®g ► o caoo®
i F P P o ^ i> ,ja o

Greenville,
Meridian,
Natchez,
Viokeburg,
Yazoo City,
8t. Louis,
Charlotte,
Raleigh,
Cincinnati,
Columbia,
Greenwood,
Memphis,

T ennessee ,

Bren ham,

T exas ..

Nashville,

h sb'

Dallas,

5 2 7?3 ^ I 0
I p S S S feci
S S km 6
SSH bm

M issouri
N.C arolina
O h io .......
S. Carolin a

Houston,

h s

Total, 31 towns.

Movement to June 4, 1897.
Receipt*
Shipm’ts Stock
This
This
Since
week. Sept. 1,-96. week, June A
4
31
103
20

37

260
7
163
8
46
267
150
8
49
23
11
9
3,951
65
271
2,975
420
36
859
198
10

15,480
128,331
69,124
50,550
88,637
32,412
56,493
130,899
282,031
45,099
60,909
63,037
7,774
102,863
34,682
57,529
41,343
63,939
80,763
59,416
534,410
23,122
26,780
297,068
36,107
16,321

554,537

27,551
54,545
52,660
506 1,316,404

10,487 4,410,816

104
284
15
503
231
21
1,125
297
194
304
447
11
200
236
190
180
5,637
65
278
3,411
420
36
4,237
125
2,055
20,606

151
1,130
849
859
1,713
1,020
107
1,212
5,709
1,073
18
670
250
3,020
111
1,300
294
1,443
5,483
1,102
24,216
595
3,888
120
31,835
853
159
37

1,955

91,172

•W »0 © m •
Movement to June 5, 1896.
Receipts.
Shipm’ ts Stock
Th.it
This
Since
week. Sept. 1,'95. week. June 5. © !e © 3 0
cs.S
J.-. w
<k
6
77
16,347
235 05 10 . —
ce a
d
40
^3 ©
498
1,921 ^ ro
117,445
25
172
34,947
88 L 2 *q cs
4
50,395
970
®a
48
98,714
575
5,553 ^
892
26,758
20
12
50; 133
100
3,159 o g-w ja w
148
91,150
560
1,815 »
o r h
u
238
173,183
704
7,586 O © O ^ ^
20
3,724
46,908
567
■S s £ ® s
50,192
2,856 ® * £ s s?
150
51,792
157
1,306 d -d «
5,922
10
136 •« rtH “ ®
187
78,513
1,782 © cfl d s
475
6
28,431
3
121
40,500
1,200 43 © a 43 St
450
^
2,400 a ce ©
33,177
87
47,989
126
2,180
184
65,404
458
4,409
22
53,357
73
4,413
l xO- 5 «©S»o
562,091
3,398
4,027
33,871 43
124
20,334
150
47
154
1,4(0 ^ • g i 2
21,111
266
5,843
209,464
6,978
3,604
250
33,662
250
650
372
15,925
372
862
418,536
30,854 8 ® a OT >,
4,509
43 cS O ©
148 _O
3
21,171
q
® © 43
51
53,666
2,070 -a jj © ■*-J
125
1
44
41.130
17,420 4 3 .2 c © * 1,777 1,0381935
2.098
H
03 > C.
a _d efl ©
14,011 3,597,282 23,741 137,707
^ 25 43 or:

l J 111

D A IL Y PRICES AND SALES OF FUTURES FOR EACH MONTH.
May.

Firmer.
Saturday, May 2 9 Av’ge..29,100
Sales, total.............
Prices paid (range) 6*71'® 7*19 — ®"
Closing...................
Steady.

June.

July.

August.

September.

October.

November.

December.

January.

j* ti t>»d
® ® © MU
asago

H J- _Qo3 Cj

February.

March.

April.

A v’ge. .Av’ge.. 7*14 Av’ge.. 7-17 Av’ge.. 7*14 A v’ge.. 6*87 A v’ge.. 6*73 A v’ge.. 6*71 Av’ge.. 6*74 A v’ge.. 6*78 Av’ge..A v’ge. .15,900
4,300
300
400
100
1,200
3,800
3,100
— ® —
7*13® 7*15 7*14® 7*19 7*12® 7*16 6*86® 6*89 6*72® 6*75 6*71® 6*72® 6*75 6*77® 6*79 — ® —
7-14— 7*16 7 1 7 - 7-18 7*15- 6*88- 6*89 6*74- 6*75 6*72- 6*73 6*74® 6*75 6*78- 6*79 6*81— 6*83 6*84- 6*86

H O L ID A Y

a ge.® ®
a S Itl
Si - 0 S
§si^ f
H tT°.
2
®o S
HS® 3 i
S ® N 'i«
a o o fc,2
ST a ®Ns s s '®
©e ©a .

Firmer.
Av’g e..Tuesday, Juno 1—
Sales, total.............
50,900
Prioes paid (range) 6-71® 7-21
Closing...................
Steady.

Av’ge..A v’g e ..A v’ge.. 7*12 Av’ge.. 7*18 Av'ge.. 7*16 Av’ge.. 6*90 Av’ge.. 6*77 Av'ge.. 6*75 Av’ge.. 6*77 Av’ge.. 6*80 Av’ge..—
4,300
4.100
2,400
3.300
27,400
5.200
2,000
2,200
— ft —
— ®"
7*09® 716 7*13® 7-21 7*12® 7*19 6*86® 6*92 6*73® 6*79 6*71® 6*77 6*73® 6*80 6*76® 6-83 — ® " 7 1 5 - 7 1 6 7*19— 7*19 7*17— 7*18 6*90- 6*92 6*75- 6*77 6*74- 6*75 6*76- 6*77 6*80- 6*81 6*83- 6*85 6*87- 6*89

Wednesd’ y, June 2—
Easier.
Av'ge.
Sales, total.............
40,500
Prioes paid (range) 6*74® 7*23 — ®*
Closing...................
Quiet.

Av’ge . 6*91 Av’ge..A v’ge.. 7*18 Av’ge.. 7-21 Av’ ge.. 7*20 A v’ge.. 6*94 Av’ge.. 6*78 A v’ge.. 6*77 Av’ge.. 6*79 Av’ge.. 6*84 Av’ge..—
300
4,100
3,300
3.600
4,200
3.200
17,600
3,100
1,100
— ® 6*91
7*13® 7*20 7*18® 7-23 7 17® 7*22 6*91® 6*95 6*75® 6*80 6*74® 6*79 6*76® 6*81 6*80® 6 85 — ® —
7*14- 7-15 7 1 7 - 7*13 7*17— 7*18 6*90- 6*91 6*75- 6*76 6*74— 6*75 6*76- 6*77 6*80— 6*81 6*83- 6*85 6*87— 6*89

Thursday, June-3—
Firmer.
A v’ge..Sales, total.............
30,600
Prioes paid (range) 6*75® 7*23 — ® ’
Closing...................
Steady.

Av’ge.. 6*89 A v’g e .,Av’ge.. 7*21 Av’ge.. 7*21 A v’ge.. 7*20 Av’ge.. 6*92 A v’ge.. 6*78 Av’ge. 6*76 Av’ge.. 6*79 Av’ge.. 6*82 Av’ge..—
100
400
3,000
3,500
500
800
16,200
6,000
100
— ®
6*89® —
—
®
—
7*19®
7*23
— ® 7*21
7*18® 7*21 6*91® 6-93 6*76® 6*79 6*75® 6*77 6*77® 6*80 6*81® 6*82
7 1 9 — 7-21 7*22- 7*23 7*20- 7*21 6 9 3 - 6 94 6 7 8 - 6*79 6*76- 6*77 6*78- 6*79 6*82- 6*83 6*85- 6*87 6*89- 6*91

o.^* © ^ 2
SiSSt'S
-Q si<5

Easier.
A v’ge..32,400
6 73® 7*21
- ®’
Steady.

Av’ge.. 7*18 A v’ge.. 7‘20 Av’ge.. 7*19 Av'ge.. 6*92 Av’ge.. 6*77 A v’ge.. 6*75 Av’ge.. 6*78 A v’ge.. 6*81 Av’ge..------- Av’ge..------- A v’ge..3,700
4.100
3.600
3.300
3.200
10,900
3.200
400
- ®*
— ® —
7*19® 7*21 7*16® 7*20 6*90® 6 94 6*75® 6*78 6*73® 6-77 6*76® 6*79 6*79® 6*83 — ® 7*18® 7 1 7 - 7-19 7*20- 7*21 7*186 9 3 - 6*94 6*77— 6*78 6*75— 6*76 6*78- 6*79 6*81- 6*83 6‘85— 6*86 6*89- 6*90

•3 © 5 rt ©00
SOS'® 1,0

Friday, Juno 4—
Sales, total.............
Prioes paid (range)
Closing...................
p>

Helena,

Louisville, net K entucky
Shreveport, L o u isian a
Columbus,
M ississippi

Monday, May 3 1 Sales, total.............
Prioes paid (range)
Closing...................

w

A labam a

Albany,
Athene,
Atlanta,
Augusta,
Columbus,

Little Rook,

oT «
-J
-+3
s§ © ^
eo® 2 ,y £ > 2 £ i5 g
co© ©
00
co

© •©
| io

T owns.

§ o£ O
£ §£
®

« wM

©
<N co~
©
©OO SP<d O'd'd'cj'd ^
O©
qq
3
co©
CO Q,
04© <M ^
^ 04 ©
***
CO
©(M
©o
OJCO § 2# # # # # ®
cooo ci2 ^©ococo h
o
»(M m

rH

q© q © H t^
■
hTod© ior-T©
C0©-^rH©
©^rHCO

55
i< •, P<P^P(®
oo£V a
«* :!

« •3
6 j ®

OCOtOHN
OOh-CO©
^q© © h ©
C0rHN©«W
rHlOH rH
CO^Hirl

OOOCONiO
©©©r-<t-©

00©OMNlO
©©©©.nt-©
coqooqqq
© J'*© CO*0rH©
rH©

•©©©•:• •

5 •
••“o
©

r (fl 111Li (Tl

©©©©©»-< <N
OO©Ot-C0O _
q q q © o n to ©_
coo of10*©*ofco co
COCOHNNH
"*r4 rf( rH
C*
o o o o c c h -*
©©©©MPHO
qo©©ao-H<q
OaooT*-^©©
© © JOH© 00
qc^H h
of
13

Total sales this week
Average price, week

183,500

Sales since Sep. 1/96* 28,315,000

4,913,000

3,900
716

21,800
7*19

88,000

13,200
6*91

15,500
6*77

10,200

17,600
6*77

12,900
6*81

790,000

862,000

2,704,900

265,100

335,100

502,400

483,600

216,600

7*18

6*75

400
6*90
9 300

5,300

S fa g -I
aJ g " 3

| S ri8 |
So ! j

.

©2|a £©

O
!s ls a » ~
2
| l§ i| l o
g o e s * .*
“ | «S 3S

HHm H
®©
3222
tjc-c-d
© 9 ©©

1091

T H E \!< H R O N I O L E .

CH

tO B MIDDLING COTTON AT OTHER M ARKETS,-

!u*mg .juotattoiM of middling cotton at Southern
t crsoe.i-cotton markets for each day of the week.

..

r o * m id d u h o coi-rost on -

cum m

Jwm A.

| Aulwv

Q*i.vmtwtA ,
TtwwOrlmm
m ow *

7%

7k

7k

7k

7k

7H

"?k
7k

4 m t i<
Me:$e|>M*.**
81, Irfjal#,
f3@aj;|ou. . . .
GtaitoHUktt.,
LostrrUU**..

7U

7«4
73a

7 * i«
7*4
7 "a
s
7%
7M
74j

7fSt
75s
*4

8
7%

7 >4
7%

7k

7%
7*4

7%
7%

7ks

7H
7H

7*$

vK
7k
74

714
70,«
7 >4

7*4
7%
7 l4

7%

7%
7%

IliMIftt .....

W ain**.

7 ’k

7%

ClyytiiMtloa,.
ftttatfftgftoflui

ru n.

Mm*

71%

4. AtV Vfc'."7

V ri

7*4
7%
7*4
7*4
7>i
7k)
7®i«

7H

7%
7k>
7k
7k
7k

7%
7 78
8
7%

7 Si

7%
8
7%
7 >4
7%
714
7*8
7'-%

714

7M

7«s
7:%

■7H

Thure.

7*8
7*8

7

k

7*8

7k

7*8
7*9

\—

Southern markets were as follows.
7% I Oolnmtms. Mis*
A then'........

7M
6 % Nashville___ _
N a ie lie z ,.......... ..
7 S jg
7% 1 L'ufaiila...........
7
R
a
leig
h
..........
7ki
7 '« JJttle B ook ....
0*a
Charlotte........
67g
7% I Montgomery...
7H Shreveport......
Ooiomhns. Oa.
he P
l a n t a t io n s .— The
BSCKIPTS FROM t
TUG
t*LANI'AXlUAS.—
r u e following
lu iu ra iu g table
uetuio
A U & D t * ...............

indicates the actual movement each week from the plantations.
Tin? figures do not include overland receipts nor Southern
consumption; they are simply a statement of the weekly
movement from the plantations of that part of the crop which
finally reaches the market through the outports.
Receipts Lit !>./ Ports. 1Sl'k at Interior Towns. Rec'pta from PlanVns.

WmA

SwUniA p t. m .......
Ufa? 7 .......
** n .......
"
it.,..,
it*©© i

um . :

lbleC.

ISM .

34.&S3
*2,333
32*00?
20.<m
M U ftl
9*85 i

bP&28l
37.331
31.87 i l
22.076;
17ja m
19.829!

50.93? 1? 1.920| 233,044
*1,900 114,401 209,770
80,565 131*701 187,120
29,005! 112,982 163,017
29,020j101,201 147,437
14,8781 91*172 137,707

1897.

1895.

1887. | 1898.

1896.

1895.

165.978 21.661 25.768 36,274
148.553 14,814 14,057 24,475
137,822 19,30? 12,221 19,334
114,859
6,602
1,918
101,628
4,401
2,310 15.789
86,421
•1,022
5,148

The above statement shows; 1.—That the total receipts
from the plantations since Sept. 1,1898, are 6,6(18,309 bales; in
1893*06 were 5,251.220 bales; in 1894-95 were 7,880,817 bales.
2,—That although the receipts at the outports the past week
wore a,'•Vi bales, the actual movement from plantations was
o n ly ------bales, the balance being taken from the stocks at
the interior towns. Last year the receipts from the plantations
tor the weak were 5,14b bales and for 1895 they were
4.622 bales.
O vkki . a N*D Mo v e m en t

for the

W eek

and

S in ge S e p t , l . —

Wo give below a statement showing the overland movement
ten i he week and since September 1. As the returns reach us
by telegraDh late Friday night it is impossible to enter so
largely into detail as in our regular monthly report, but all
tne principal matters of interest are given. This weekly
publication is of course supplementary to the more extended
monthly statements. The results for the week ending June 4
ami since Sept. 1 itl the last two years are as follows.
4896-97.

June 4
Week.

Since
Sept, 1

1895-96.

Week.

Since
Sept. 1.

Shipped—

Via .Hi, L ottis,.*.. ............ .
VI* Cairo.....................................
VI* Parker. . . . . . . . . . . . . . . . . . . . .
VI* E v aM v lllc........................... .

5,637
1,820
485

7 t» C incinnati...........................

1,382
1,572
461

Tot*! htcmhi overland. . . . . . . . . .

Deduct ekipmmde—

0v«rlatia to N, Y ., boston , <&c..
Botin*®* intotlor tow n s.. . . . . . . .

527.177
286,085
18,801
2.584
134,929
141,285
115,635

11,357 1,206,196

4,027
1,223
187
2,474
3,897
348

535,769
237,522
18,779
1,681
133,967
108,058
91,094

12,161 1,126,870

2,139
221
1,575

310,558
4,447
-10,975

1,5*27
57
831

267,151
3,436
48,911

3,935

355,980

2,415

319,498

lA^Vtnc total out overland*,.
7,422 950.516
9,746 807,372
• ( aoitusnut movement by rail to Canada.
T h e fo r e g o in g s h o w s t h a t th e w e e k 's n e t o v e r la n d m o v e m e n t
tlm ^ y eu r has been 7,122 b a le s, a g a in s t 9,740 b a le s fo r th e
w eek in 1
a n d th a t for t h e s e a s o n t o d a t e t h e a g g r e g a t e n et
oyf-ri vfi i e x h ib it * an in c r e a s e o v e r a y e a r a g o o f 43.141 b a le s.
Jw Bight mtd Spinner#*

Taking$,

1896-97,
Smce
V u k - : Bt.pt. l .

1895-96.

Week.

Since

1.
0,851 6,635,081 14,878 5,146,213
©■•••**rf.*»d to jn n « 4 .... - ...
7,422 850,516 9,74(1 807,372
iw i& w s foaisajpittoB to «Ibbc 4, 17,000 775,000 17,000 754,000
4.

*% %mt%9 to

Tnim

Sept.

.........

......

34,273 8,201.447 11,624 0,707.585
* 10,U!»i (29,422 ♦ 9,730 105,007
Cmme into nfsitii dfirt.uk w oek . 24,154
31,894
r »fa l in d g b t « l i t 4 , ,.
_____ 8,332,025
6,812,592
4ptnti#r*i*k'u*tn Junn4.

13,342 1.807,247 18,060 1,547,772

. will be
n by the above that there has come into sight
din ” •* t ‘‘" vr'
-4.151 bales, against 31,894 bales for the
•
“ *->f i -Sift, and that the increase in amount in sight
ter V bt m c
with last year is 1.419,483 bales.

[VOL. L X I V .

W e a t h e r R ep o r ts b y T e l e g r a p h .— Our telegraphic ad­
vices from the South this evening indicate that the devel
opment of the plant has been slow in many sections as a
result of too low temperature at. night. In Texas beneficial
rain has fallen, and aside from cool nights the conditions
have been favorable.
Early cotton is fruiting over the
southern and central portions of the State. Some damage
from pests is reported. Along the Gulf and Atlantic the
rainfall lias been light as a rule and moisture is desired. As
the week closes there is an improvement in the temperature
at night.
Galveston, T exa s.— The weather has been comparatively
favorable for cotton in Texas, except that the cool weather
now prevailing will check growth of the plant to some ex­
tent. Rains yesterday and last night were not needed very
badly except in a few localities. The crop is late, especially
over North Texas, where Much replanting lias been done;
some replanting is yet to be done on account of poor stands.
Lice and other cotton pests are damaging the crop in sec­
tions, causing some replanting. Early cotton is fruiting
over the southern and central portions of the State. W e
have had rain on one day during the week, to the extent of
thirty-five hundredths of an inch. The thermometer lias
averaged 75, the highest being 84 and the lowest 6 6 . May
rainfall one inch and twenty-seven hundredths.
Palestine, T exa s. —W e have had rain on five days of the past
week, the precipitation reaching one inch and thirty-nine
hundredths. The thermometer has averaged 75, ranging
from 62 to 8 8 . May rainfall four inches and twenty-three
hundredths.
H untsville, T exas.— T h ere has.been one shower during the
week, the precipitation reaching one hundredth of an inch..
The thermometer has ranged from 64 to 93, averaging 78.
May rainfall one inch and fifty hundredths.
D allas , Texas —There lias been heavy rain on three days
of the past week, the rainfall being two inches and fifty-one
hundredths. Average thermometer 73, highest 90, lowest
56. May rainfall four inches and thirteen hundredths.
San A n to n io , T exa s.— W e have had rain on two days o f
the week, to the extent of one inch and ten hundredths. The
thermometer has averaged 75, the highest being 90 and the
lowest 60. May rainfall tiiree inches and ten hundredths.
L uting, T exa s. —Rain has fallen heavily on two days of the
week, the precipitation being two inches and thirty-four
hundredths. The thermometer has averaged 80, ranging
from 64 to 96. May rainfall three inches and teh hundredths.
Colum bia, T exas. —W e have had rain on three days of the
week, the rainfall reaching sixty-seven hundredths of an
inch. The thermometer has ranged from 63 to 8 8 , aver­
aging 76. May rainfall two inches and eighty hundredths.
Ouero, T exa s.— There has been ram on one day during the
week, to the extent of ten hundredths of an inch. Average
thermometer 78, highest 92, lowest 63. May rainfall twoinches and twenty-three hundredths.
Brenham , T exa s. — We have had rain on three days during
the week, to the extent of one inch and fifty-three hun­
dredths. The thermometer has averaged 80, the highest
being 96 and the lowest 65. May rainfall one inch and sixtytwo hundredths.
F o r t W o r th , T exas. —-There has been rain on three days;
during the week to the extent of two inches and forty hun­
dredths. The thermometer has ranged from 56 to 91, aver­
aging 74. May rainfall five inches and one hundredth.
~W eatherford , T exas. —There has been rain on three days
of the week, the precipitation reaching two inches and sev­
enty-two hundredths. Average thermometer 74, highest
92, lowest 56. May rainfall five inches and seven hundredths.
N ew Orleans. L o u i s i a n a It lias rained on two days of the
week, the rainfall reaching ten hundredths of an inch. The
thermometer has averaged 78.
Shreveport, L ouisia na , —There has been rain on three days
of the week, the rainfall reaching one inch and ten hun­
dredths. The thermometer has averaged 76, ranging from
63 to 90, May rainfall three inches and twenty-nine hun­
dredths.
Colum bus, M ississippi, —There has been rain on one day
during the week, the rainfall reaching sixty-seven hun­
dredths of an inch. The thermometer has ranged from 71
to 96, averaging 83. May rainfall one inch end eleven hun­
dredths.
Lei and, M ississip pi,— The weather has been dry all the
week. Average thermometer 74'3, highest 8 6 and lowest 61.
Vicksburg , M ississippi. —Rain has fallen on two days of
the week, to the extent of one inch and twenty-seven hun­
dredths.
Che thermometer has averaged 76-4, the highest
being 89 and the lowest 64.
Little Rock, A rk a n s ’ s .—W e have had rain on three daysduring the week, the precipitation reaching two inches and
eight hundredths. The thermometer has averaged 70,
ranging from 58 to 90.
H elena
A rka nsas .— Crops have not improved.
The
weather has been too dry arfti cool. Good rains have fallen
north and west of here. W e have had light rain on two
days of the week, the rainfall reaching forty-eight hun­
dredths of an inch. The thermometer has ranged from 64
to 93, averaging 78*4, During the month of May the rain­
fall reached forty-four hundredths of an inch,
M em phis, Tennessee.— Crops are clean but small and back­
ward. More moisture is badly needed. There has been

THE CHRONICLE,

J une 5, 1897.]

light rain on three days during the week, to the extent of
thirty-four hundredths of an inch, and the weather is now
clear and cool. Average thermometer 71, highest 91, low­
est 57. May rainfall one inch and thirty-seven hundredths.
N ashville, len n essee. —May rainfall one inch and twentytwo hundredths.
M obile, A labam a. —Crop has made slow progress.
The
weather has been warmer but too dry. Good rains occurred
in some sections yesterday. There has been no rain during
the week. During the month of May the rainfall reached
three inches and fifty-four hundredths.
M on tgom ery, A la ba m a .— Cotton is small but a good stand
has been secured. There has been light rain on one day of
the week, the rainfall reaching seven hundredths of an
inch. The balance of the week has been dry and hot.
Moisture is badly needed. The thermometer has ranged
from 66 to 90, averaging 78. May rainfall sixty-eight hun­
dredths of an inch.
M a d ison , H o n d a . —Plants are small. Rain has fallen on
one day of the week, to the extent of fifty hundredths of an
inch. The thermometer has averaged 82, the highest being
97 and the lowest 68.
Savan nah, G eo rg ia . —There has been rain on one day dur­
ing the week, the rainfall reaching one hundredth of an
inch. The thermometer has ranged from 64 to 94, averag­
ing 79.
A u g u sta , G eo rg ia . —There has been rain on two days of the
week, the precipitation being ninety-six hundredths of an
inch. Average thermometer 78, highest 93 and lowest 61.
May rainfall two inches and twenty-two hundredths.
C harleston, South C a rolin a . —The week’s rainfall has been
eight hundredths of an inch, on three days. The thermom­
eter has ranged from 68 to 91, averaging 78.
S tateburg South C a rolin a . —Nights are becoming warmer
and more seasonable. It has rained on two days of the week,
to the extent of fifty-two hundredths of an inch. Average
thermometer 78-2, highest 90, lowest 63. May rainfall two
inches and eight hundredths.
G reenw ood, South C arolin a. —We have had rain on one day
of the week, the precipitation reaching twenty-three hun­
dredths of an inch. The thermometer has averaged 77, the
highest being 89 and the lowest 65. May rainfall two inches
and sixteen hundredths.
W ilson , N orth C a rolin a . —Telegram not received.
The following statement we have also received by telegraph,
showing the height of the rivers at the points named at
8 o’clock June 3, 1897, and June 4, 1896.
New Orleans.......
Memphis.............
Nashville.............
Shreveport..........
Vicksburg............

June 3, ’97. June 4, '96.
Feet.
Feet.
17*5
10-6
1 60
24*3
3*7
129
........ Above zero of gauge.
2-6
131
41*5
31 3

Ook C otton A c r e a g e R e p o r t .—Our cotton acreage report
will probably be ready about the 9th of June. Parties desiring
the circular in quantities, with their business card printed
thereon, should send in their orders as soon as possible, to
ensure early delivery.
H ig h W a t e r in t h e Mis s is s ip p i .— A crevasse occurred in
the e arly part o f the w eek in the levee below Baton
but gen erally speaking only sugar land was inundated. Most
the land heretofore inundated is now clear of water.

Rouge,

of

I n d ia C otton M o ve m en t F rom a l l P o r t s .—-The receipt
and shipments of cotton at Bombay have been as follows for
the week and year, bringing the figures down to June 4.
BOKBiT S OBIPTS AND SHIPMENTS FOB FOCB TEAKS.

Shipments this week. Shipments since Sept. 1.
Year Great Conti­
Great { ContiTotal.
Brit'n. nent. Total. Britain\ nent.

44.000
41.000
67.000
48.000

1.427.000
2.003.000
1.341.000
1.591.000

According to the foregoing Bombay appears to show
an in crease compared with last year in the week’s receipts of
3,000 bales and a d ecrease in shipments of 11,000 bales, and
the shipments since Sept. 1 show a decrease of 20.1,000 bales.
The movement at Calcutta, Madras and other India ports for
the last reported week and since the 1st of September, for two
years, has been as follows. “ Other ports” cover Ceylon,
Tuticorin, Kurraohee and Cooonada.
Shipments fo r the week.

Shipments since Sept. 1.

Great
Britain.

Conti­
nent.

1,000

1,000
2,000

1.000
3,000

6,000
11,000

54.000
64,000

60.000
76,000

1,000

1,000

6,000
10,000

14,000
9,000

20,000
19,000

Total.

Great
Britain. Continent.

The abov e 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, 1896, and for the corresponding
periods of the two previous years, are as follows.
EXPORTS TO EUROPE FROM AT

1896-97.

Tota\

Calcutta—
. »wt>-y7..
1895-96...
Madras—
1890-97..
1895-96...
All others—
1896-97...
1895-96...

1.000

4,000
1,000

4.000
2,000

23,000
15.000

78,000
71,000

lOl.OOo
86,000

Total all—
1896-97..
1895-98.

2.000

5,000
4.000

5,000
6.000

35,000
36.000

146,000
144.000

181,000
190,000

INDIA.

1895-96

Shipments
•j all Eiirope
from—

This
week.

Since
Sept. 1.

■411other ports

10,000
5,000

Total........

15,000

This
week.

1894-95.

Sini.
Sept, c

This
week.

Since
Sept. 1.

519.000 21,000
181.000
6,000

728.000
180.000

75,000
4,000

422.000
129.000

700,000 27,000

908,000

79,000

551,000

A l e x a n d r ia R e c e ip t s a n d S h ip m e n t s .— Through arrange"
ments we have made with Messrs. Davies, Benachi & Co., of
Liverpool and Alexandria, we now receive a weekly cable of
the movements of cotton at Alexandria, Egypt. The f oUowing
are the receipts and shipments for the past week and for the
corresponding week of the previous two years.
Alexandria, Egypt,
June 2.

1896-97.

1895-96.

1894-95.

8,000
5,766,000
Since
This
week. Sept. 1.

2,000
5,198,000
This
Since
week. Sept. 1.

4,534,000
This
Since
week. Sept. 1.

Exports (bales)—
To Liverpool...........
To Continentl....... .

313.000
2,000 340.000

1,000 323.000
2,000 303.000

4.000 265.000
5.000 321.000

Total Europe____

2,000 653,000

3,000 626,000

9,000 586,000

Receipts (cantars*)....
This week........ .........
Since Sept. 1............

* A cantar is 98 pounds.

t Of wMohto America In 1896-97,47,923 bales; la 1895-96, 54,268
bales; in 1894-95, 41.628 bales.

This statement shows that the receipts for the week ending
June 2 were 8,00C cantars and the shipments to all Europe
2,000 bales.
Ma n c h e st e r M a r k e t .—Our report received by cable
to-night from Manchester states that the market is steady for
both yarns and shirtings. Production is being curtailed.
We give the prices for to-day below and leave those for
previous weeks of this and last year for comparison.
1897.

1896.

8 k lbs. Shirt­ OotVn
8 k lbs. Shirt­ CotVn
32* Cop. ings, common Mid. 32* Cop. ings, common Mid.
Twist.
to Jlncst.
TJplds Twist.
to finest.
TJplds
Ap.30
May 7
44 14
44 21
44 28
J’ne 4

d.
6k
69ie
6k
630
63H
83ia

d. s.
©73s 4
'©77iq 4
©7% 4
© 7k 4
^7*8 4
©73i 4

d. s.
0k® 6
1 Q>6
0k© 6
0k© 6
0 k »6
O k ©6

d.
7k
7k
7
6
6
6

a.
4H
47.ia
4S>343.32
418
41r

d.
6k
6®le
6»18
69i0
671«
63q

d. s.
'©738 4
®7ka 4
®7716 4
©7716 4
^738 4
® 73s 4

d. s.
4k® 6
5 'ZbQ
5 -©6
5k© 6
5 ^6
4k® 6

d.
9
9k
9
9
9
9

d.
4i333
4716
43s
4516
40s-*
315i a

S e a I s l a n d C otton M o v e m e n t .— W e have received this
(Friday) evening by telegraph from the various ports the
details of the Sea Island cotton movement for the week. The
receipts for the week ending to-night (June 4) and since
Sept, 1, 1896, the stocks to-night, and the same items for the
corresponding periods of 1895-96, are as follows.
1896-97.
Receipts to June 4.

1895-96.

Stock,

This
This
Since
Since
week. Sept. 1. week. Sept. 1. 1897. 1896.

Savannah ........................
Charleston, <feo................
Florida, &c.......................
Total...........................

Receipt*.
This
Since
Week. Sept. 1.

’ 96-7 1,000 9,000 10,000 27.000 492,000 519.000
21,000 21,000 09.0001659.000 728.000
'95-6
*94-5 2,000 73.000 75.000 24.000
398,000
422.000
'93 4.
53.000 53.000 44.0001704.000 748.000

1095

11 83,767
10,397
6,733

....8

19 100,897

34 77,008
10,499
4,783

....8

3,561 2,554
1,592
656
740
656

42 92,290 10,893 3,866

The exports for the week ending this evening reach a total
of 331 hale6, of which 223 bales were to Great Britain, 108
to France and — to Beval, and the amount forwarded
to Northern mills has been 397 bales. Below are the exports
for the week and since September 1 in 1896-97 and 1895-96.
Exports
from—
S’ vann’h, &o
OharTt’n,&o
Florida, &c.
New York..
Boston.......
Phila., &o...

Week Ending June 4. Since Sept. 1, 1896. North'n Mil 8.
Sinct
Great Fr'nce
Great Fr'nce
Brit'n. die. Total. BriVn. die. Total. Week. Sept.1.

43
180

__

108

.........

15,023 3,176 18,204
2,933
2,933

......

382 28,164
5 1,975
6,733

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

151 11,097 7,156 13,253
13,290
180 13,290
3,622
102 3,724

......

.... . .

---- --

T®tal.......

223

108

331 45,970 10,434 56,404

387 36,872

Total 1895-6

464

510

510 41,816 7,192 497003

TOOT39,951

A considerable portion of the Sea Island cotton shipped to
foreign ports goes via New York, and some small amounts via
Boston and Baltimore. Instead of including this cotton for
the week in which it leaves the Southern outports, we follow
the same plan as in our regular table of including it when
actually exported from New York, &c. The details of the
shipments of Sea Island cotton for the week will be found
under the head “ Shipping News,” on a subsequent page.
Quotations June 4 at Savannah, for Floridas, common,
8c.; medium fine, 10c.; oboice, 13J^c.
Charleston, Carolinas, medium fine, l l@17c.; fine, 18c.;
fully fine, 19@20c.; extra fine, 2S@33c.

THE CHRONICLE,

]O90

Fi n* River M m Dt t cdknhs.—The dividend record of the
Fait UF •r <- tton*tBanufacturlng compantea for the second
tutrur >,f i
is less satisfactory than that for the first
juartrrcf the year, and is much has favorable than that for
th. com-H anding quarter of 1396. Thirteen corporations
have ; -m .i their dividends this quarter, and the others have
generally distributed less than in 1896, although seven have
maintained the same rate of distribution, The aggregate
amount paid out for the second quarter of 1897 has been
only ♦193,950, or an average of 0 - 9 1 per cent on the capital.
In
the average dividend for the second quarter was 1*57
per cent, in 1895 it was 1 58 per cent, in 1894 it was 1 52 per
*ent and in 1893 reached 3*80 per cent.
(€*&*hf© QCA»T*a
imi 4MmKISSN!.

Mvktmd* i m . Dividend! 1896. Increme
or

Capital.

"SM
B
$ss

F. 0 .! .Amount, P. 0. Amount. Decrease
dividend
No dividend.
A m
UfiM <uw***» j
dividend.
No dividend,
■
$4,000 —5,000
.No dividend.
—5,000
410,000
Oty Mutiufg Co..j Looo.oov 1
+8 , 0 0 0
h m
12,000
400.000 3
Mill* ••
-5,000
10.000
5.000
1
Cb*c* Mills...................
1,800 —1,800
.No dividend.
Oocuwieat Mills.............j
8,000
400.000 2
Darnell Mill# ...............
8,000 —4,000
LOGO
400,00f
Patc4 Mill*-......... .
—2,900
8,700
580.000
jfttCUMill#......... ........j
-18,000
dividend,
m
Q4o&* t*m Mill*.......... I 1,900.000
20.000 - 20,000
dividend.
•Omoite Mills...... ......... 1,000,000
12,000
800.000
Hstrstrsves Mills.............
15,000
1, 000,000
$S3
IH
SHUTPhilipMm*...... .
7.500 —7.500
500,001 .No dividend.
Laurel Luke Mills...........
15.000 —7,500
7.500
750.00C l
Mechanics' Mills.....---- 10.000 - 8,000
8.000
l
Merclmnt** Msnuf’KCo...
dividend.
No dividend.
M*l*comet MaituCg Co...
6.000
NurmiriMssctt Milt*..... .
12,000 -3,000
9,
8 J
Ofhoro Mill*................
0,250
5,'
Psrker Mill........ .........
9.000 3 1
Focft**at Maaof’gCo.....*
—4,000
12,000
8,000
8
00,000
Rjcltotrd Herd©aMfg. Co.,
dividend.
dividend,
8*W *oi> M ill*. — . .. .. .
-9,000
dividend,
Sagamore Manor* Co
88
io!ooo - 10,000
.No dividend.
&mim& Spinning C o..
9.000
» ,0 0 0
ooS;Uo 1 *
Bflaooimet Mill*.........
11,000 —5,5CO
5.500
550.000 1
Shore Mills.............
dividend.
550.000 .No dividend.
...........
■-H.odo
1 « ,0 0 0
3,000,000 2
Stafford Mills..............
5,Q00i
250.000 2
Steren* Manufactur’g Co.
1
7,500!
500.000
Tecum **!) Mills
18,000 - 0,000
300.000
Tr
toy Cot. & W Mfg. Co.,
15.000 -3,750
11,250!
750.000
aion Cotton MsaTg Co
15.000 -7,500
750.000 1
7.500
wsmpaiioa* Mill*..
0,b75 —0,875
530.000 .No dividend.
W©etamoe Mill*....
Total*..................... f31.~93.Q00 0*01 H9S.050 +V67 $836.130i—137,178
•Ob capital of $S40y009 + On capital of *21,428,000. j On capital of *330,000,
Combining the foregoing results with those for the first
quarter published in the Chronicle of March 6 , page 477),
we have the following exhibit for the half-year. It is
seen that thirty-seven corporations, with a capital of $82,799,000 haTe paid out in dividends in the first half of the pres­
ent year but $129,000, or an average of 1*88 per cent, against
$795,875, or 8*55 per cent, in the like period of 1896. In 1985
the average dividend was 8*09 per cent, in 1894 was 2*88 per
cent and in 1893 reached 4*82 per cent.

i

is
S1
T
I** :i

H a l * Y eah

1807 and 1886.

Capital.

Dividends 1897. Dividends 1890 Increast
or
P. C- Amount. P. C. Amount. Decreast

American Linen Co........
$12,OOP -IS.OOO
dividend,
Baraabr Manufac’g Co..,.
dividend. .No dividend.
$4,950 4
Barnard Mamufac it Co....
18.200 -8,950
35.000 -15.000
Border City M&nTg Co...
20.000 9h
Bourse Mid#............. .
4
2 1 ,0 0 0
)C, ' + 8 ,0 1 1 0
Cfcac* Mill#...... ......... .
12.500 4
-7,500
20
........
dividend.
i:
—M 0 0
Cornell Mill*............... .
18,0*)0 V*
16.000
Kf""
IMivol 'Mill*...,...... .
4
'■^S.OOO
fitm Mm*....... .......
i
*u
- 2,000
raot* ram Mills............
dividend.
-42,000
lH
Granite Mill* .. »..... .
40.600 -80,000
Mutrsrrave# M111*..........
8
RwrrThread C o . - , f :
dividend. 4
—40,000
m
Kim PhlMp Mill*....... .
SO.WXi 3
30.000
lA*3u?i jUfc«Miii»......
dividend. 3
15.000 —15,000
750.000
Mechanic*' Mill#..... .....
15,QuO 4
30,<00 —ts.ooo
M*rd**kt»t*’ Manufac'g Co.
82 000 -lO.OOO
40.000 4
Mvfaot>i»et Man'f'g Co....
dividend. •No dividend
8 gjS8 <
.
N*jfViMfan#eUMill*........ *
400.000;
1 2 .0 <
K)
U,0 0 (
- M‘. ■............. . ..
000,000
16.000 I*
Parker MHL,...............
11.250 1 M
500.000
Pc^smmmo. Manufact's Co..
12,000
600.000
KletMurd Borden -M"Ttt Co.
2
j 16.000 334
800,000
s8.900
ss
..........
2*30.000 . No dividend.
§ * * * « » ore M tg . C o ....... .
900.000 . No dividend.
27.000
V*
'Stanford spinning Co......
500.000 . No dividend. I 4
mm&jtffim Mill*............
600.000
3 j 18.0OO 4
2 1 ,0 0 *
.
nov* Mill#
550.000
Sm
18,7501 i
pad* Mill*....................
550.000 . No dividend-! 1
1,000.000, i
40.000j 4
#have-a# Maiiuf#ctur‘g Co.
250.000
4
10,000
4
i«,
T#ea®.««fe Mill# ...........
500.000. 3
17
15,000 m
Trof Cm. a w. Mfg. Co,....
300.000 7
2 1 ,0 0 1 n
*6.1
-0 KB8
Union Colton MTg Co....
710.000
26,25*1;
37.:
-IL250
Waspm&mg Mill*..........
750.000
15,000 &
37,
-22.500
vs
W#tfalso# Mills
550.000 . No dividend, j m
IS, 126 —15,125
$22.793,000 FPrt <489,0001 3“55 $795,876 -8H3.875
Total*
Iticiaots* ettra diirtd«n4 of 5 per cent fromraa! h u m .

,

m li

a

ft®

Jcte Bctts, Baooino, &g.— Jute bagging has been without feuHU> * of impottance during the past week, Prices are
unchanged at 6 J,4<*. for l 1.. lbs., Of^c. for 2 lbs. and 6 J£c. for
standord grades. Car-load lota of stanelard brands are quoted
»t •■*jC. for P . H)s., $ % c . for 2 lbs. and 6 ?|c. for i U lbs. f. o.
K at >ew York. Jute butts have been dull at l*U8 o. for paP’ r quoh'.v. 1'2-V*. for mixing ar,d ln4 c. for bagging, all to arrive-, .* r-.-m Mi etirs. Ira A, Kip& (Jo.'acircular we ascertain
that the ivlivrrif s of jute butts and rejectionsat New York and
-H Rton during May were 28,701 bales, against 83,841 bales for
the ram# month last year, and for the five months sinr-e Jan­

[Yol. dxiv .

uary 1 the deliveries have been 170,881 bales, against 251,696
baits last year. Importers and speculators at New York and
Boston on May 81 held 15,000 bales, against 4,200 bales at the
corresponding date in 1896; and the amount afloat for the
United States reaches 137,872 bales, against 02,083 bales last
year.
Cotton Consumption and Overland Movement to June 1.
— In consequence of the small movement during May we
omit giving the usual extensive details of the overlan 1 move­
ment. Below, however, we present a synopsis for the month
of May ard for the nine months of the season to June 1.

Gross overland for May................. hales.
Gross overland for 9 months....................
Net overland for May................................
Net overland for 9 months........................
Port receipts in May..................................
Port receipts in 9 months.........................
Exports In May..........................................
Exports In 9 months.................................
Port stocks on May 31...............................
Northern spinners’ takings to June 1 —
Southern spinners’ takings to June 1___
Overland to Canada for 9 months (In-

1890-97.

1895-9B.

1894-95.

51,382
1,199,971
37,157
816,163
111,387
6,029,783
273,563
5,750,796
332,925
1,594,097
766,000

71,701
1,116,622
56,330
799,110
121,076
5,133,595
181,341
4,335,443
343,322
1,532,579
710,000

63,705
1,784,472
13,826
1,133,198
158,135
7,781,404
293,833
6,447,445
532,342
2,021,604
639,000

68,149
58,854
97,148
2,427
Burnt North and South in 9 months___
3,088
41,197
4,739
11,468
Stock at North'll interior markets June 1
3,093
183,218 165,406 150,254
Game in sight daring May.......................
Amount of crop In sight June 1........... 8,221,216 6,785,705 9,597,893
376,768 294,873
7,162,473 9,892,760
Total crop...................................................
Average weight of hales..........................
'502“79
501-36
506-71

G o v ern m en t W e e k l y C otton R e p o r t .— Mr. W . L . Moore,
Chief of the Weather Bureau of the Agricultural Department,
m ade public on Tuesday the following telegraphic reports on
the crops in the Southern States for the week ending May 31;
V irg in ia .—W eek too oool fo r grow th and all crops checked; ootton
fair.
N orth Ca r o l in a .—Early part o f w eek generally unfavorable, being
m uch too oool and dry, m aking crop grow th very slow; som e ootton
killed. Warm rains end o f week caused general im provem ent.
Sooth Ca r o lin a .—Niglit-s too oool during m iddle o f week and too
d r y ; cotton shows slight im provem ent but continues sm all and ii
infested with lice.
G eo r g ia .—D ry w eather, oool nights and abundant sunshine charac­
terized the week to the detrim ent o f all o r o p s; ootton ail chopped and
suftering for rain and in som e sections from lio e ; late plantings not
oomiDg up well.
F lo r id a .—Week unfavorable fo r best crop g row th ; ootton small
and grow th slow , hut color good.
A la b am a ,—Cool Bights and generally dry w eek ; all orops sh ow ing
efleots o f d rou ght; ootton and corn clean and healthy, but grow ing
slow ly ; oottotinearly all chopped and reotiviu g second w orking.
M ississippi .—A ll crop s late and clean, but need ratn ,* ootton and
corn still im proving; ootton planted on lowlands stnoe overflow doing
well.
L ou isian a .—Showers generally light and badly distributed and all
orops and vegetation need rain and warm n ig h ts; a slight im p rov e­
m ent is shown In cotton and oorn ; corn taaseling and early ootton
showing squares; crevasse below B aton Rouge has wideued to 200
feet and will Inflict some dam age to orops.
T e x a s .—Co ol nights latter part o f week Injured ootton, whloh is tw o
to three w eeks late aDd very irregular o ver central and northern p or­
tions, where som e has been replanted the third tim e; over southern
portion crop not so late, m ore regular and fiuittng n icely ; lice and
other insects dam aging ootton in many localities, but crop generally
well cult! vated.
A rkansas .—Crops well oultivated and farm work w ell in h a n d ; de­
ficient raiufall has beeu detrimental to all grow ing orops: ootton Im­
proved slightly, but stand is p oora n d la te planting not com ing up; gen­
eral rain and h o t w eather needed.
T ennessee .—Cool, dry weather retarded healthy grow th of c r o p s ;
beneficial showers east and w est seotions, bu t more needed; ootton
being chopped out, and, ow ing to had stands, m uch t» being p low ed up
to plant iu corn.
M is s o u r i —G ood showers in m ost sections, hut som e looalittea still
d r y ; much dam age to corn hr cutw orm s and moles; otherw ise orops In
good condition though backward, ow ing to oool nights.
Ok la h o m a .—Lo w temperature with heavy rain s; ootton v ery b a ck ­
ward.

The Department summarizes these reports as follows ;
The eastern portion of the cotton region is suffering to som e exten t
for rain, hut, the crop ts olean and is generally doing well, although
backward. The m ost unfavorable reports are from N orth Carolina
and Tennessee, and In the last-nam ed State a considerable area w ill
be plow ed o p and planted In oorn. In Central and Northern Texas the
cron ts reported as from tw o to three weeks late, very Irregular and
suffering from cool nights. Over Southern Texas the crop Is not so
late, and, although being dam aged in localities by tnseots, It is fr u it­
ing nloely and Is generally w ell cultivated.

S t a t e W e e k l y C otton R e p o r t s .— W e giveb elo w su tn m aries
of the reports for the week ending May 81 issued by the
various States under the auspices of the Weather Bureau of
the Uuited States Department of Agriculture, so far as they
apply to cotton,
V ir g in ia .—T he weather has been generally too oool and dry for the
advancem ent o f the orops. cheeking growth and preventing germ ina­
tion of ated. Ootton varies, bu t the bnlk of this crop is doing fa irly
well. W armer weather and seasonable showers are needed.
N orth Carolina .—1The past week has been unfavorable, being too
oool throughout North Carolina, considerably checking grow th o f
orops. The weather was also dry until the end of the week, exoep'.tng
light rain, with some hall, in the northern portion on the 2 ith , The
warm rains of Saturday and Sunday wo'H general and will be o f Im­
mense benefit. Farm work has been well kept up. Ootton and oorn
continue sm a ll; some oottoD has died out from c >ol nights Crops are
iu excellen t condition to he benefited by suitable seasons, and next
week's reports w ill probably indicate great im provement.

June 5, 1897.J

THE CHRONICLE

8 0 uth Ca r o lin a .—Cotton is sickly in places due to the cool nights,
hut generally it made satisfactory growth during the week. The plant
has not attained an average growth for June 1. Additional reports of
stands dying out were this week received from Spartanburg, George­
town. Clarendon. Newberry. Sumter and Lexington. B id stands in
"Williamsburg. Lice infest cotton over portions of Barnwe’l, Abbeville,
Hamptcn, Kershaw and OraDgeburg. Fields are generally free f om
grass and weeds and chopping to stands is nearing completion except
over the extreme northwestern counties. Forms have been seen on
cotton in Richland, in the Congaree Valley.
G e o r g ia —No rain, except a few scattered showers, for about three
weeks. The dry weather has enabled the farmers to work and clean
their crops, and this has been done, but vegetation has suffered seri­
ously for lack of moisture. The ground has become very dry and
dusty. The stands of cotton are not at all encouraging, and late plant­
ing is not coming up as it should. There is complaint in a number of
localities of lice on the plant. Cotton has also suflered from the effects
of cool nights.
F lo r id a .—Excepting scattered and insignificant showers, the week
was dry and unfavorable for best crop growth. Cora and cotton
small, with slow growth, but color good.
A lab am a .—The week was generally drj throughout this seotion, but
while the days were warm, the nights were cool and all crops are
growing very slowly and are badly in need of a good rain and contin­
ued warmth. Replies to a special inquiry from this office show that
cotton is about all up. and while the stands are poor, averaging not
above four inches, it is clean and generally healthy, though lice are re­
ported as damaging in scattered localities. Chopping is practically
finished in southern half of the 8tate and being pushed in northern
counties; some is receiving a second working.
M ississippi .—The week was dry with cool nights, and nearly all crops
are suffering for rain except those planted ou lowlands as the water
recedes. All crops are clean and well cultivated and some improve­
ment is reported in cotton and corn. Some cotton has been plowed up
and planted in corn. Reports of cutworms are decreasing. 8tock
water is becoming scarce in some localities.
L ouisiana .—Only light and scattered showers fell during the last two
days of the week over the greater portion of the 8tate. Cotton shows
an improvement over last w eek; is growing faster and the older
plants are putting on squares. Chopping out has been practically com­
pleted. As a general thing, however, the plant is small for tbe season,
and to a certain extent lousy, due to the continued cool nights. The
lice are disappearing with the advent of warmer and more seasonable
weather. A crevasse occurred at Conrad Point, eight miles below
Baton Rouge, early on the morning of the 30th, that will inflict some
damage to crops, although Bayou Manchac will probably carry off con­
siderable of the water.
T ex a s . - Weather during the week generally favorable for farming
operations and much farm work was done. Reports as to the con­
dition of cotton show a consensus of opinion amoDg some 200 corre­
spondents that the crop has been damaged by too much cool weather
and rains since the crop was planted. The greater portion of the crop
is late, owing to the fact that much replanting has been necessary and
some have had to replant two and th ee times over the northern por­
tion of the State. Lice, bugs and other cotton pests appear to be
pretty general over the State and are doing much damage to late and
small cotton, causing the plant to die and m iking an irregular stand
in many places. It is believed that early cotton where a good stand
was seoured will recover from the effects of the damage with favor­
able weather from now on. 8ome early cotton fruiting nicely in south
Texas and is beginning to fruit over Central Texas The warm
weather during the early part of the week was favorable for cotton
and started the plant to growing nicely in most seoti ms. but cool
weather toward the latter part of the week was not so favorable.
Much of the crop has been worked out.
T ennessee .—The week was dry and cool, except during the latter
part, when warm weather prevailed. Still the conditions were quite
unfavorable for the healthy growth of young crops, the cool nights
being hurtful to cotton and corn,which have madeuusatisfaotory prog­
ress. In many places the first plantings of cotton have such bad
stands that farmers are plowing up the orop and plantiug the area ia
corn, but where it has a fair stand the work of chopping out Is iu prog
ress. Good showers fell in portions of the eastern and western sec­
tions on the 29th.
M issou ri .—In all sections of the State the temperature during the
past week averaged considerably below the normal, and light frosts
ocourred In some localities, though little or no damage is reported.
The precipitation was looal in character and unevenly distributed In
a lew of the northern and a number of the southern and southeastern
counties th3! rainfall was light, and in some localities there was not
enough to be of anybenefit. The low temperature has Deen unfavorable
t j cotton

N ew Y o r k C otton E x c h a n g e — Tw e n t y -six t h A n n u al
M eeting — The tw en ty sixth annual meeting of the New York
C l U od Exchange w as heli on Tuesday. June 1. I i their
jo in t report President HopkiDS and Secretary R ibinson
took occasion to express tb eirs itisfaction at the result shown,
and said:
The national election absorbed more than usual attention, and was
one of the most exciting in the history o l the country. The severe
money panic incident to the election aggrivated the rapid and sharp
fluctuations in the market caused by trade influences, but the failures
have been few and unimportant. Under the circumstances wo feel
that the Exchange has just cause for congratulation. The Presidential
election last fall brought prominently before the public the fiuanoial
question, despite all efforts to make this question a secondary issue.
This prominence led finally io the Monetary Convention held in In­
dianapolis in January, 1897, at which our Exchange was represented
by delegates. The result of this convention was a declaration of prin­
ciples which approved themselves unanimously to the large body of
representative business men there assembled, and which commend
themselves as reasonable and pindent to all the business men of the
country. A peunanent committee was also established to represent the
bodies there assembled, and it is hoped that the eff >rts for a reform in
our currency and financial system will be successful.
This Exchange was represented at tbe city of Washington in the
National Board of Trade, which organization we joined a little more
than a year ago The National Boardof Trade is considering a number
of recommenoatlons proposed at this convention, which we trust will
be a benefit to our Exchange and the business community generally.
The Executive Committee report that, with few exceptions, all the
offices In the building are rented, yielding a gross rental of $59,061,
against $63,768 30 last year. In view of the dullness or business gen­
erally, especially ar a time when arrangements were beiug made for
another year, and the increased nmnberof offices that are offered for
rent in our immedi tie vicinity, we think the committee is to be con­
gratulated.
The Warehouse and Delivery Committee’s report is especially grati­
fying, the q iantlty of cotton offered for inspection having been largely
Id exce*<- o f last ye*r. The question, therefore, as to the Exchange as­
suming the re pomibllity of the running expenses of the Inspection
Bureau is happily lemoved, for the present at least, the balance on
hand In the Guarantee F’und being now much greater than it was at
the close of the last fiscal year.
The operations of tae Inspection Bureau show that from May 1st,
1896, to April 30th, 1897, inclusive, there have been inspected and

1097

certificates isssued for 246,547 bales; during the same period ther&
were withdrawn 120.866 bales of certificated ootton, leaving certificates
outstanding on April 30th, 1897, for 143,249 bales of cotton. The
reclamations on the Bureau have amounted to $488 91, and the bal­
ance on hand in the Guarantee Fund is $47,037 99, as against $8,748 99 last year.
The transactions in cotton for fuUve delivery for the year have ag­
gregated 44,639,601 bales, against 54,689,600 bales last year aud 32,110,100 bales iu 1894-95.
The reported sales of spot ootton, as compared with the two previousseasons. are as follows, viz :
1896 97.
1895-96.
1891 95.
Bales............................... ............. 486,567
342,712
253,753
During the past year twenty-one memberships hive been trans­
ferred and twelve new members have been admitted. The total num­
ber of certificates of membership outstanding remains a t454.
The report of the trustees of the gratuity fund shows assets of
$119,016 77. of which $58,000 is loaned on real estate and 858,523 77
is on deposit with the New York Life Insurance & Trust Company.
Assessments due and unpaid, 1.080; accrued interest, $1,408. Total
assets, ••8119,016 77; total liabilities, $37,375; assets over liabilities,
$81,64177.
By reference to the estimates prepared by the Executive Commit­
tee it will be seen that there will probably be a surplus for the coming
year of $3,061 from the building and $2,925 from the Exoh mge,
based upon dues at $50, making the total profit $10,986.
Tn consideration of the very favorable ooaditioa of the fi lances the
Board recommends that the dues for the coming year be fixed at $59
and that each membership be credited with the sum of $20 from the
e «raings of the building.
The Finance Committee reports that for the fiscal year ending
April 30, 1897, the net profits realized from the building has been
$11,395 77.

A v e r a g e s o f T e m p e r a t u r e . —As of interest in connection
with our monthly weather record, we have prepared - the
subjoined table, which shows the State averages of thermom­
eter in January, February, March and April for six years,
1892 to 1897, inclusive:
J an uary.
Averages.
N .C AR’ LINA
1897 .........
1890(good)
1895(good ;
1894 ( full)..
1893(good)
1892(go o d )
8. Oa r ’ l i n a
1897 ..........
1890 (good)
1895 (good)
1894 full)..
1893 (good)
1892 (g o o d )
Ge o r g i a .
1897 ..........
1890 (good)
1895 (good)
1894 (full)..
1893 (good)
1892 (good)
F l o r id a .
1807 ...........
1890 (go o d )
1805 good)
1894 full)..
1893 g o o d 1
1892 (good)
A labam a.
1897 ...........
1896 (good)
1895
1894 ess
1893(good)
1892 go o d )
L o u is ia n a .
1897 ...........
1890 (good)
1995
1894 full)..
1893 go o d )
1892 g o o d )
Mi s s i s s i p p i
1897 ...........
1890 (good)
1894 (full)..
1892 (good!
ARKANSAS.
1897 ...........
1890 (good)
1894 (full)..
1892 (good)
Te n n e s s e e .
1897 ...........
1890 (good)
1805 (good)
1894 full)..
1893
1892 good)
TEXA8.
1897 ...........
1890 (good)
1895 (good)
1894 full)..
1893
1892 (go o d )

A.

|

February.
0

A

M arch.
0

$

A pril.

|

«
0
p
N

I

|

V
P

p
N

|

37*5
38*9
23*0
43*4
31*6
39*5

73*0 23-4 45*0
09-0
8-0 42*0
08-4
4-0 32*5
08-8 18-2 43*5
70-4 23-4 44*9
07-0 2o*4 451

78*8
75-4
82-0
84*0
75*0
70*4

29*4
24*2
200
22*2
212
22*8

53*2
47*6
43*9
65*2
43*4
45'7

84*2
90*4
81*2
84*2
87*0
77*8

31*8
32*8
34*8
34*3
30*0
29*2

58*5
02*7
57*9
57*1
62*5
55*0

07-4 18*4 435
00-4 18-2 48-4
72-0 13*0. 45*2
7 1 3 20*8 49-4
0V0
9-9 389
07*1 23*8 44*8

70’ G
72-6
75*0
74-0
74*3
69*9

22-0
8-4
6*8
22*5
33*3
20*0

49-0
49-0
37*4
49-8
50*3
49*8

83*0
80-8
83*8
80-8
70-8
75*2

81*0
24*0
29*0
25*0
21*9
24*2

55*9
62 0
53 8
59'5
54*1
51-0

85*8
93*C
83*8
88*5
38*0
82*1

39*8
37*8
30*8
83*0
41*8
37*2

02*5
060
01*6
02*7
07*2
02*4

07*7 11*7
09’ 3 18-3
70*0 14'4
72'2 204
07*0 12'3
07*3 2 3 0

43-7
401
45*3
500
33*8
41*9

707
73*0
73*0
73*4
74*0
70*9

27*0
15*3
0-H
24-2
32*5
29-0

52*2
49*5
37-9
49-8
640
009

84*3
85*0
83-0
87-0
81*4
79*3

85*7
2V7
30-8
24*3
24*0
23*5

55 5
53*7
54*9
57*1
55*5
52*4

85*7
90*7
81*3
87*0
87*3
83*2

41*7
30*0
39*4
40*8
44*0
33*7

03*1
07*0
03*0
04*4
07*7
03*3

707
74 5
78*3
78'0
745
77*5

55*4
52*4
57*1
579
50*7
54*8

82*5
77-7
76*3
80 3
82*3
80*o

37*3
31*0
10*5
330
40'S
87-5

02-8
57-7
50-0
00-0
03*0
0 j*4

80*8
84-5
81-5
87*0
83-0
83-5

47*5
38*0
3 »*0
3l*o
30-0
31-0

70 0
03*3
63*4
05*9
01*7
00*7

85*2
83*8
83*0
87*5
88*5
80*3

47*5
46*2
49*0
40*8
50*0
44*8

69*1
70 8
07*1
69*8
71*5
09*0

73*2 11-8 44*4
70*0 17*4 45'0
74-3 15-0 45*0
73'4 17*8 50*7
090 13*1 41*5
08*0 19-3 42-2

792
72*4
72*7
81-8
704
73-5

21*0
*21*4
3*0
27*0
320
29*5

52*9
49-8
s9*3
50-0
54-1
53*2

82-0
83 0
82-7
81*7
80*5
79-0

36*4
28*0
28*7
21*7
22*7
21*5

02*0
54*2
55*3
58'7
54*3
53*1

85*0
88*2
83*8
86*0
83*7
84*9

38*2
38*0
40*0
44*2
45*3
39*2

03*0
09*0
03*0
00*2
08*2
00*0

745
74*5
77*2
77*0
73*0
73*9

16*5
22*0
21*8
19-2
2 VO
20-4

47 4
49 1
49*1
51*9
48-9
45-0

81*8
74's
75*0
70*o
76*2
75-8

32-8
32-8
9*0
20*0
33*2
30-8

55-4
53 9
42*7
50-3
50-4
57-4

85*8
83-8
84-3
83-5
82-2
80*2

39*8
38*2
33*3
29*8
29-4
25*5

05*0 84*8 45*5 66*4
59*o 87*5 41*3 08*0
00*0 ! 88*4 42*6 0 0 2
00*5 88*2 48*2 09*3
53*7 87*8 40*0 70*1
55*0 87*0 45*9 07*3

70*8
73-0
743
75*7
72*1
72*3

10*7
10*2
15*2
12-4
12 9
15*3

43-5
40-4
47'*'
48-0
43-0
394

79*8
72*8
75-3
752
75-1
75 9

23*4
23*8
4-0
23*0
24-4
32-4

63*5
49-7
39*7
48-9
51*0
54*9

84*5
8**2
85-0
82-9
8U3
80*9

34*7
25*0
31*0
23 9
21*0
19*7

02*1 S7*0
545
83-5
57*8 88-2
57*5 *8*2
54*0 89*7
51*7 | 84*0

39*0
38*7
38'8
420
40*5
42*/

03*7
08-2
03 9
04*4
68*4
05*0

08-81 0‘C
00*2 13*2
73*4 7-6
74*5
1*0
69-5 l'i*0
08*0 10*0

37*9
410
30*4
43*7
40-0
35'8

77*8
73*2
73*8
07-4
00-0
07-2

192
2T0
-4*0
18-4
15-6
29*0

40*7
449
3 i ‘H
40*8
42*5
48-9

80*8
81*0
85*4
82-8
79-5
80-3

29*2
21-0
2:5*4
22*2
10*0
15*7

55*1
48* v51*0
54-1
50 1
47*1

82*6
88*3
89*4
88*0
39*0
87-0

38*0
32*4
35*0
33*2
35*0
37*0

00*4
68*0
62*6
03*0
64*8
61*1

07*0
4 8 37*0
03-7 11*3 4U1
59-5
1*0 33-8
07-7 —0*5 43 8
3*C 33*3
04*fc
00*1 11*1 33-8

09-0
08-8
08-5
BVS
09-5
06-5

J 5*3
12*0
-4*8
14-8
13-0
25*8

41*8
4T7
31*4
30-5
43-4
44-9

79-3
79-0
84-0
79-3
77-8
79*3

34*8
25*2
20*7
18'2
13 1)
12*7

53*8
48'<
5'**h
53-8
48-3
45*4

83*7
80*3
80*0
88-8
30*5
83*0

40*3
30*3
36*0
30*0
31*3
33*7

60*0
00*2
04*2
00*4
02*5
00*4

74 2 14*2
22-7
70*9 19*7
78*5 io*e
752 24*3
725 15*3

80*7
70-3
75-4
70*0
77*0
77-4

23 4
31*4
5*4
21*5
25*0
34 0'

54-5
55-2
4L*3
48-3
51-0
57*8

85*1
84-0
84*7
80*5
83*9
83*3

30*4
32*8
29*5
29*4
29*3
234

045
59 2
50*3
0 /7
58*8
55*1

87*0
88*7
87*8
91*0
91*5
89*41

42*7
40*1
39*7
4V1
43'1
43*0

00*3
09*1
00-8
70*2
70*9
08*5

§

05-4
8*8
03-0 130
67*0
7*8
00-0 2 4 0
04-8
2*0
00-8 17*2

25*8
23*0
28-0
37-5
2'--3
320

40 3
4S-4
48U
51-9
49*0
44*0

p

E g y p t ia n C r o p . —The statement of the Alexandria Gen­
eral Produce Association for April 3), furnished to ui by Mr0
Fr. Jac. Andres of Boston is as follows :
Planting has taken place at the habitual season. It commenced as
usual in the southern provinces, extending gradually to those of til*
northern part of the Delta. Nothing exceptional has occurred. T is
seed has shot up well, and generally speaking less his h id to be re­
planted than last year. The youDg plant is in a norm il condition, b it
with few exoeptious is less advanced than last, year, owing to the o i l
weather during March and April In some distiic s there is a slight
increase of acreage. Of the various qualities sown, the great hulk U
Mit-Afflfl, but Ahassi cotton shows a o msiderablo increase, and bo h
Bainieh and White ootton have been cultivated rather more exten­
sively than in 1896. In Upper Egypt and iu the Fayoum the develop­
ment of the crop is satisfactory. In these parts the acreage is about
equal to last year, except iu the Miaieh district, where lesi h is he 3 1
planted. As usual the Ashmouni quality predominates there. W iter
is sufficient in U p p t Egypt. There were some complaints of daftjienev in Lower Egypt; these, however, no longer exist..

THE (JHROJN LCJLE

1098

[V o l . LX1V.

T he E x p o r t s op C otton from New York this week show a
decrease compared with last weak, the total reaching 13,680
bales, against 16.473 bales last week. Below w.e give our
usual sable, snowing the exports of cotton from New York,
and tne Erection, foreach o f the last four weeks; also the
total Jr ports and Erection since Sept. 1,1896, and in the last
o ,. m.; t
exact relative movement for the years named, column the tota l fo r the same period o f the previous year,
■xeoars or ocinpoi (bales) from nrw roaa sinousbpt, 1 , ts-to.
Tha monthly movements rnoee September 1, 1898, and in
t'd irt

{SCRIPTS AN*'» UAIL1

f

;MENT.

—A comparison o f the port movement by weeks is not
a -urate » - the weeka in different years do n o te n d o n the
i , . * day <d the month. We have consequently added toour
Other Standing tables a daily and monthly statement, that
reader mar constantly have before him the data for

previous years, have been as follow s:

Week Ending—
Exported to—

1896.

1895.

1894,

1883.

1891,

Bept’iub’r 912.436 383,386 513,702 377,408 105,355 676.823
October 1,468,51*3 1,202.460 1,622,664 1,311,279 1,135,473 1,532,426
KOVM &t 1,286.251 912.759 1,607,662 1,272,776 1,125,855 1,376,909
Deeemb r 1,256,000 987,899 1,497,560 1,339*738 930,029 1,215,144
635,878 548,118 938,197 687,028 438,457 665,182
January
P.-brnary 404.976 441,776 533,398 330,504 291,648 658,855
M arch. ., 335,020 321,313 532,254 257,163 241,750 376,400
189,269 211,309 372,770 217,600 202.158 251,522
A pril . . . .
129,905 192,895
May......... 141,397 121,076 153,135 126,011
T otaL.. 6.629,78 3 5,133,595 7,781,402 5.819.497 4,898,630 6,946,136
PeriVtage o f tot. port
97*05
97*27
95*79
9S’72
95 16
receipts May 3 1 ..

Same
Total
period
since
previous
sept. i . - year.

28.

219
2,117

6,862
1,853

476
1,316

214,33 d
100,336

236,331
89.124

T o t . t o G t . B r it ' n . 7,580, 2,336

8,515

1,792

314,871

325,455

2,120 1,501
—■
— ! .........

2,633

939

31,167
350

27,893
200

11

1892.

May

June
i

Tear Beginning September 1.

JfeofU y

Stctipu.

Mag \ May

L iv e r p o o l...................
Other British p orta..

-

4 ,ISO
3,100

H a v r e .........................
Other French p o rts..

21 .

T o t a l F ren ch ___

2,120

1,501

.........
2,033:
939

31,617

27,893

B rem en........................
Hamburg....... ....... . . .
Other p orts.................

255
1,099
600

7,543
2,588
442

622
625
1,175

645
2,053
300

64,503
23,220
35,65 5

95,765
33,659
53,058

T o t . to N o . E urope

1,954 10,571

2,422

2,993

118,378

182,482

Spain, Italy, &o .........
Ail o t h e r .....................

6,850 4,184
....
....... !

2,791 7,951
117,

119,232
2,178,

66,415
2,172

121,460
T o t a l S p a in , & c .. 0,850 4,184 2,908 7,951
68,537
This statement shows that up to May SI tha receipts
at the porta this year were 1,498,183 oates more than in
G ran d T o t a l ___ 18,504 18,592 10,478 13,650 599,226 604,417
! SOI-93 in ! 1,151,619 halos lest than in 1894-95, By adding to
S h ip p in g s 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
the t Hals to April 33 the daily receipts since that time we
snail oe rate i, i -muon an exact comparison of the movement S ta te s t h e p a s t w e e k , a s p e r latest m a il r e t u r n s , h a v e r e a c h e d
33,920
b a les,
for the different years.
1898-97.

1695-96.

1894-95.

1893-94.

1892-93.

1891-92.

T o. A p.30 6,488,396 5,003,519 7,623,267 5,693,436 4.768,725 0,753,241
4,742
6,199
4,622
8.
5,932
6,899
May t . . . .
3,452
4,039
5.166
5,898
8,328
*♦ 2 . . .
8.
3,640
6.
10.011
3,725
7,337
6.794
•* 3 . . . .
5,340
7,426
14,957
4,711
9,213
6,552
*' 4 . . . .
4,856
4,850
6,436
3,213
7,040
8.
*• 5 . . . .
6,061
5,005
5,583
14,308
8,863
8.
“
8 ....
11,204
s.
4,517
8,258
3,609
6.011
** 7 . . .
8,173
4,607
4,199
3,631
4,289
8.
** 8 . . .
4,103
6.724
85,201
3,694
“ 9 ...
7,977
2,460
6,971
8.
9,926
2,390
** 10 . . .
10,350
4.30J
7,382
6,441
8,813
9,670
** 1 1 ....
4,218
8.994
6,316
3.335
8.
2,212
“ 12 ...
10,390
4,725
5,981
3,415
2,978
S.
IS.***
11,141
6,294
3,330
2,695
8*
4,704
1 4 *,..
4,242
5,034
3,267
3,339
5,572
2,899
8.
'* 1 5 ....
2,592
3,586
2,198
7,053
S.
** 16---7,331
8,
7,474
5,306
2,230
2,740
17,**.
4,*363
4,716
3,856
3,846
6,910
4.899
** 1 8 ....
2,533
4.62*
8.
1,765
8,316
•* 1 9 ....
1,803
4,699
3.498
5,193
3,516
'* 2 0 ....
6
3,057
15,493
3,058
7,787
8.
** 2 1 ....
3,720
5,261
3,393
3,594
** 2 2 ,*..
3,114
3,958
4,103
2,673
8.
2,363
8.
3,429
•* 2 3 ....
1,764
5,806
5,715
S.
** 2 4 . . .
4,952
3,733
5,593
3,105
4,500
1,946
2,913
3.076
4,546
2,974
" 25 . . .
3.937
44 2 6 *...
5,3,9s
1,595
S.
1,276
5,860
8,897
2,681
3,022
** 2 7 ....
2,103
4,995
12,387
S.
2,753
'* 2 8 ....
4.6 }5
2,074
30,818
8,
5,368
1,510
2,759
2,027
** 2 9 ...,
4,871
1,712
8.
5.976
*' 3 0 ....
3,283
1,380
6,019
5,981
8** 31 .. .
*70
S.
16.603
21,757
12,045
5,193
To.M’y 31 6,629,733 5,133,595 7,781.402 5,819,497 1,893,630 6,946,136
J 'n e l ....
1.756
2.859
1,484
1,775
3,040
3,411
»* n
3,630
3,422
2,055
8.
3,436
3,887
” 3 ....
876
9 2
3,488
3,054
8.
3,752
M 4**..
1,435
1,285
1,375
4.883
8.
2,753
T o ta l. . 6,835,931 5,142,395 7,787,729 5,929,557 4.908,160 6,959,939
Percentage o f total
port ree’ pta Jane 4.
95-33
98 81
97-42
95*77
97*23
* 3.037 hah.« deduoted as correotion o f receipts slnoo Sept. 1.

Vtts t- tt.uow i.ya m « t u b ij b o s s r e c e i p t s o p C o t to n a t
h’ v f trk. Boston, Philadetptua and Baltimore for t h e past
week, md since September 1,1896.

"I

flaw Ton*.
Bosro*.
PaiLA»»Lpa’A
‘ "'F-TT,.
1*4«» Sinet Tht§ Sine* ThU Since
»»> . 9§pt,l. *Mk. Sept. 1.
Btpt. 1.
4*83®
#»*.*** 5,782 107,38!
8.059
•araan'h Ac
m
2S8.015
8U 114,037
2i 14,105
Moan* ..... ......
fk*r14a
t.mo
So. Carolina
102,108
72
23.78$
It©*Oirolliui
305 J»4»8
ini.nn, LOOO 138,168 ......
Virginia,.„
1,176
pwttM
8.SS0 77.3*4
262
Twin.. Ac,.,
it
m
159.113 1,160 42,717
n ,m
85.009 ......
......
i.m sM i 4719 550,733 1.1*4 58,240
L**t rear.... lb, 701
8,700 539,041
m
54,225

Baltimore .

.
Total
N e w Y o r k —T o Liverpool, per steamers Cufle, 279 upland and
43 Sea Island ...N om a d ic. 154.................................................
To Hull, per steamer 01li», 799 ....... ....... .................................
To Leith. Ber steamer Critic, 5 1 7 ........... .......... .............. . . .
To Havre, per steam ers La Gascogne, 725 upland and 108
Sea Island ...L essep a , 103 ....................................................
To Bremen, per steamers Lahn, 325 ...S p ree. 3 2 0 .......... .
To Hamburg, per steamers Foreland, 2 0 u ___Pennsylvania,
9i-3 ..Prussia, 750 ...W estm eath, 2 0 0 ..........................
.
To A ntwerp, par steam ers Bellarden, 2 0 0 ___ Westernland,
100 .....................................................
To B arotlona, per steamer Peeahontas. 3 ,1 0 0 ....... ..............
To Genoa, per steamers Fulda, 1,052 ....M on tebelia , 2,9./9
___Pocahontas, 500......................................................................
To Naples, per steamer Fulda, 2 0 0 .............................................
N t w O rlrash —To Liverpool, per steamer Barbadian, 4 .9 7 1 ...
f o Hamburg, per steam er Port Hunter, 2,75 3 .......................
G alveston —To L iverpool, per steam rr Vesta, 8 ,3 4 1 ...................
To Hamburg, per steamer Hereynia, 58 6.......... ............ ........
To Genoa, nor steamer British Prince, 1,876 ..................... .
N .' h p j l k —To Hamburg, per ste a m e r---------- , 2*'4 . .
B oston —To Liverpool, per steamer Michigan, 3 0 ..........
To Yarmouth, per steamer Yarmouth, 4 9 ................
Balt im o r e —To.................
H avre, per
.... steam er K atoon,. 600. _____
...
To Bremen, per steamer Willelmd, 1,6 41.. .............................
P h il a d e l p h ia — To Liverpool, per steamer Indiana, 183..

Bremen
ITIona,
d: Bam- Ant- Genoa <i YarLiver - Bull <b
pool. Leith. Havre. b'tirj. toerp. Naples. mou*K.
S ew Y ork.
476 1,3 L6
N. Orleans. 4.971 _____
Galveston.. 6,344
N orfolk ___
Boston. . . .
30 . . . . . .
____
Baltimore................
Phlladol’a..
183 .........
T o ta l— . 12,004

1.084 118.017
-

.1

20S

01,102

_2.7M 208,028

'2,500 ' 170.011

939
61S
2.053
300
3,200
4,551
200
4,971
2,756
6,344
586
1,876
204
30
49
600
1.641

183

1,316

939

7,951

. . . __
600
.........

2,6y3
300
2,756 _____
586
20 A
.........
1,611 ___r_
......

1,539

7,885

9,837

......

300

1,376
.........
_____
......

Total.

13,630
. . . . . . - 7,7 27
8,806
.........
20 i
49
79
____
2,241
......
183
49

32,920

Below we add the clearances this week of vessels carrying
cotton from United States porta, bringing our data down to
the latest dates:
S a w O r le a n s —To L iverpool—May 2 9 —Steamer Maglolan, 6,3 51___
June 3 -S tsam er Louisianian. 2,110.
To A ntw erp—June I —Steamer Uayo Blanoo, 893.
P ensacola —To — —------- May 31—Steam er------------ , 130.
No r f o l k —To L iveroool—June 1—Steamer Pinner’s Point, 367.
To H am burg—May 2 9 —Steamer Manhanset, 150.
Ne w po r t N e w s —To H am burg—May 31—Steamer Ourltyba, 50.
aosTON—To L iverpool—May 2 o—steam er Philadelphian, 180 sea Island
___ May 23—Steamers Canada, 4 8 1
Catalonia, 3 9 ....M a y 2 8 —
Steamer Sagamore, 1 8 7 __ June l —Steamers Sylvanla, 147.
To Halifax June 1—Steamer H alifax, 94,
To Y arm outh—June 1—steam er Yarm outh. 100.
B a lt im o r e —To Broineu—May 2 9 -S team er Orefeld, 1,601 ...J u n e 2 —
Steamer Dresden, 2,767.
To H am burg—June l —Steamer Dalmatia, 50.
PHILADELPHIA—To L iverpool—May 2 8 —Steamer Pennland, 240.

Cotton freights at New York the past week have been
as follows.
Halur.

Liverpool, asked, d.
78,009

476
799
517

Total _____
......................... 33 920
T he p a r t ic u la r s o f t h e s e s h ip m e n t s , a r r a n g e d in o u r u s u a l
f o r m , a r e a s fo llo w s .

Th*.
Sine*
w««t. B tpt.

m

baleI.

Havre................. c.
Bremen............ ,.d.
H am burg............ d.
Am sterdam .........e.
flevel, v. Hamb..d.
Do V. H ull...d,

15f
301
25-27 HP
251
251
401
36f

Barcelona.......... d.
241
G e n o a .................. d.
28t
Trieste.................. d.
A ntw erp.............. d,
%
Ghent, v.A ntw ’ p.d.
I Gents net per 100 lbs,

Mon,

lues.

1fednes. Tfitirs.

trr

121
151 | 151
lBt
301* I
301
3 Of 27*4-301
25-27 V 25-2781* 25-27 HP
251
25*
251
251
251
251
25*
25t
25t
40t
401
40*
401
361
36f
361
36t
241

2 It

281

231
>s
. 5?a.

%

241
28t

229241
23® 30t

®S2

hi
___ 22_

THE CHRONICLE,

J une 5, 1897.j

L i v e r p o o l .—By oable from Liverpool we have the following
statement of the week’s sales, stocks. &o., at that port.
May 14
8ales of t i e w eek..........tales.
Of which exporters to o k .,..
Of whioh speculators took ..
Actual export...........................
Forwarded................................
Total stock—Estimated..........
Of which American—Estim’d
Total import of the week........
Of which American..............
Amount afloat..........................
Of whioh American..............

May 21.

May 28.

June 4

44.000
40.000
50.000
40.000
2,300
1,000
1,000
1,400
400
900
400
1,700
41.000
37.000
45.000
36.000
5,000
7,000
10.000
8,000
55.000
50.000
52.000
59.000
1,147,000 1,152,000 1,125,000 1,081,000
998,000 998,000 972,000 934,000
20.000
31.000
64.000
40.000
15.000
23.000
52.000
28.000
52.000
91.000
57.000
55.000
85.000
50.000
45.000
42.000

N ote .— 1,500 bales A m erican burnt deducted from stock.

The tone of the Liverpool market for spots and futures each
day of the week ending June lan d the daily closing prices
of spot cotton, have been as follows.
Spot.

Saturday

J lfon d a y .

Market, \
1:45 p. M.j

Sm all
inquiry.

In buyers*
fa v o r .

Mld-Upl’da.
Spec. <feexp.
Futures.
Market, )
U45 P. M. j
Market, )
4 P. M. J

4%

Q uiet.

4is

4^6

5,000

Tuesday. Wed’day. Thursct’y. Friday •
S teady

Steadier.

4ie

4ie

1 0 ,0 0 0

8 ,0 0 0
1 ,0 0 0

D ull.

4ie

8 ,0 0 0

7,000
500

S teady at
partially
1-04 dec.

Q uiet at
partially
1-04 adv.

Q uiet.

S teady at S teady at Q uiet at
partially
1-04 a d ­
partially
1 04 dec.
1-04 adv.
van ce.

Steady.

Q uiet but
steady.

Q uiet.

Q uiet and Q uiet but
steady.
steady.

200

300

500

7.000
500

Q uiet.

1099

DAILY CLOSING PBI0E8 OP NQ. 2 BHD WINTBB WHEAT.

June d e liv e ry ........
July delivery............
September delivery. ...c.
December delivery..

Sat.

Mon.
P
a

7078

Tues.
74%
7318
70
7138

Thun

Wed.
75%
73%
70%
72%

74i6
70%
72%

Fri.
74%
7316
69%
71ia

T/iurs.
29%
29%
3038
30%

Fri.
23%
29%
29%
30%

7513

There has continued a quiet speculation in the market for
Indian com futures. No changes of importance have occurred
in prices, as reports of damage to the newly-planted crop by
frosts has been off-set by the free movement of the old crop.
In the spot market only a limited volume of business has been
transacted for export, the sales for the week here and at outports not exceeding 500,000 bushels. To-day the market was
quiet but steady. The sales iacluded No. 2 mixed at 29c. in
elevator and 30}£c. f.o.b. afloat.
DAILY CLOSING PBIOBS OP NO. 2 MIXED OOBN.

Sat.
June delivery.......... -o..C...........
July delivery................c. 23%
August delivery . .. -...0. 29%
September deliyery.. . . . 0. 30

Mon.

w

Tues.
23%
23%
2916
30

Wed.
23%
2916
29%
30%

Oats for future delivery have been slightly more active on
a demand from shorts to cover contracts, stimulated by the
report of frosts early in the week, and prices for the week
show an advance of %c. To-day the market was dull and a
fraction lower, in sympathy with the decline in other grains.
The spot market has been fairly active, as both shippers and
the home trade have been moderate buyers, and prices have
advanced
The export sales for the week amount to
about 250,000 bushels. To-day the market was steady. The
sales included No. 2 mixed at 22c. in elevator and No. 2 white
at 25c. in elevator.
DAILY CLOSING PBIOBS OP NO. 2 MIXED OAT8.

Sat.

Hon

Tues.

Wed.

Thun.

Fri.

delivery................ o. 215s Ilolld’y 21%
213* 22%
22
The prices of futures at Liverpool for each day are given July
Rye and barley have had only a limited sale, but prices
below. Prices are on the basis of Uplands, Low Middling have
held about steady
clause, unless otherwise stated.
The following are closing quotations :
t |T TKe prices are given in pence and 641A. Thus: 3 63 means
FLOUB.

3 63-6id ., and 4 01 means 4 l-64<2.
S a tu r.

May 29 to
121*
June 4.

i

M od,

1:45

4

T ae*.
1:45

W ed.

P. M. P. M. P. M. P.M. P.M. P.M.

May............
M ay-/ane..
Jane-Jaly..
July.-Aug..
Aug.-Sept..
Bept.-Oot...
Oet.-Nov...
Nov.-Deo...
Deo.-Jan...
Jan.-Peb...
feb.-M ch...
Men.-April.

d
d. a.
4 03 4 03 4 03
4 02'4 02 4 03
4011401 4 02
4 00 0 00 4 00
3 59 3 59 3 80
3 53 3 53 3 53
3 47 3 47 3 48
3 45 3 45 3 46
3 44 3 44 3 44
3 44i3 44 3 44
3 44 3 45 3 45

T h ar*.
1:45

4

4

F r I.
1:45

4

P.M. P.M. P.M. P.M.

d. d.
d. d.
4 03
4 03 4 03 k 02 4 04
4 02 4 01 4 01(4 03
4 00 4 OO 4 00 4 01
3 60 3 59 3 5913 61
3 53 3 52 3 5313 54
3 48 3 47 3 47 3 49
3 46 3 45 3 45 3 46
3 44 3 44 3 41:3 45
3 44 3 44 3 44 3 45
3 45 3 44 3 44j3 46
3 45 3 45]3 47

d.
4 03 4
4 02 4
4 01 4
3 61 3
3 54 3
3 49 3
3 46 3
3 45 3
3 45 3
3 45 3
3 4613

d.

d.

d.

4 04
4 02
4 01
3 61
3 54
3 49
3 47
3 45
3 45
3 46
3 47

4 03
4 02
4 01
3 61
3 54
3 49
3 46
3 45
3 45
3 46
3 46

4 03
4 02
4 01
3 60
3 54
3 49
3 46
3 45
3 45
3 45
3 46

Fine — ...........tfb b l. $2 15® 2 85 Patent, w in te r ....... $4 40® 4 70
Saperflne.. . . . . . . . . . . . 2 40® 3 10 City mills extras...... 4 70® 4 80
Extra, No. 2 .............. 2 75® 3 30 Bye flour, superfine., 2 25® 2 65
Extra. No. 1 . . . .......... 3 15® 3 60 Buckwheat flou r................® . . . .
Clears......................... 3 40® 4 10 Corn in e a lWestern &o........... 1 50 9 1 75
!tralghts................... 3 75® 4 20
Patent, spring.......... 3 90® 4 20
Brandywine............
1 80
IWheat flour In sacks sells at prices below those for barrels.)
GRAIN.

W heatSpring, per bush..
Red winter No. 2 ..
Red winter........ .
Northern, No. 1...
Oate—Mixed, per bn.
White.....................
No. 2 m ixed.........
No. 2 white........ .

Corn, per bush—
West’ n m ix ed ....—
No. 2 mixed..........
Nominal.
76 ® S3
Western y e llow ...
76%® 277%
Western White___
21 ® 23
Rye—
25 ® 32
Western, per hush.
22 ® 23
State and Jersey..
Barle y—Western---25 ® 26
Feeding........ .
c.

C.

75 ® 82

C.
28%®
29 ®
29%®
29 %®

0.
31
30%
32
32

36 ®
38 ®
40 0
27%®

41
41
44
32

The movement of breadstuffs to market as indicated in the
statements below is preoared by us from the figures of the
New Yfork Produce Exchange Thsrsosipts at Western lake
and river ports for the week ending Mty 29, and sinoe
F
, June 4, 1897,
Only a limited volume of business has been transacted in Aug. 1, for eachof the last three years, have been as follows:
the market for wheat flour, as buyers have shown a disposi­ Receipts at— Flour. Wheat. Corn. Oats. Barley. Rye.
tion to hold back, owing to the downward tendency to wheat
Bbls.lWbs Bush.i't0 tbs Bush. 56 lbs Bush.92lbs Bush. 4Slbs Bush.HQlbs
3,033,409
37.250
34.021
2.551,901
15S.10)
44.609
values, and have been bidding lower prioes. The sales made CMhilwicago.......
130.4)0
15,3)0
38,350
364.000
140,400
28.50)
have generally been at slight concessions from prices quoted D a luaukee.
23.224
1704
237,583
97.351
1,32).* 78
132.520
t h .......
039,820
33,740
952.910
........
.
a week ago. The close was quoted quiet and easy. City M in a e a p ’ lis
2,478
75,000
215,049
1,200
41,243
875
o .........
mills have beeD quiet and without changes. The demand for TDoe»troe dit........
19,437
17,106
1,200
10,080
0 909
rye flour has been slow but prices have held fairly steady. C le v e la n d ..
54 917
40 573
738
383,790
3 000
021,105
94.530
72,623
Corn meal has had a moderate sale but at irregular prices, 8t. L o u is ... 25.470
414,200
4,900
2,400
530,150
3,000
0,750
e o r i a .......
the inferior grades selling at a decline, while choice stock has PK ansas
90,000
542,300
05,500
City
............
held steady,
173.910
4,598 0 29 5.355,805
430.951
2,043,061
218,84)
T o t.w k /9 7
The speculative dealings in the market for wheat futures Sam
1.937.713
3.447.322
70 051
414,973
1,018,949
141.515
e w k .’90
3,342,100
3,579,954
110,551
41,915
2-0,902
1,813,402
Sam
e
wk.’
95
have been quiet and the coarse of prices ha3 continued
Auq.l.
downward, although early in the week reports of frost Since
6,711.716
9.704 0 J5 I48.40l.930 133.071,573 147,579.030 31,203,706
1890-97. ..
3,573,058
in the Northwest had a steadying influence. Saturday 1895-90
..
9,123777 182.90),101 10 2,531,010 124,333,517 30.49 4,493
71,828.359
83
633,470
80.811.121
2,458,452
10,491.371
135.530.00)
there was a dull market and the changes in values 1894-95 •••
were unimportant. Tuesday the market was weaker in The reoeiots of Hour and grain at the seaboard ports for the
response to dull and easier foreign advices and under week ended May 29, 1897, follow:
the heavy receipts at the Northwest which prompted
Corn,
. Oats,
Barley,
R ye,
H our,
W h e it.
bush.
bush.
bush.
bush.
liquidation by tired holders. Wednesday the market NewReceipts
at—
bbl*.
hush.
120.075
25^.725 1,090,000
122.839 1.884,300
323,125
r k ................
opened higher on unfavorable crop news, then reacted un­ B o u t oYno.....................
13.409
222.057
259,370
42,015
211,500
153,255
258.343
38,000
29,300
19.010
033.748
der realizing sales by longs. Toward the close, however, on M ontreal.....................
232.517
98,102
57.953
153,418
d e lp h ia ............
reports of large export purchases at the West the market PBhaila
8 >2,021
50,905
105,858
50.093
93.312
lt im o r e ................
43.058
35,204
2.305
11,350
................
again rallied and the close showed prices up
°- R ichmOond
19 455
57,535
3.525
.............
rleans*...........
for the day. Thursday there was a slight further NNew
199,000
.....
4,000
.......
ew port N ew s.........
improvement in prices in response to stronger foreign advices. M o b i l e . .. .................... 150 ............
Late in the day, however, owing to an absence of an export T o ta l w eek . . . . 308.58) 2.527,0*8 1,017, 137 1,850,122 177,514 522.783
demand there was some pressure to sell and most of the im­ W eek 189^. .. .. . 2 ) 1 .9 9 2.553.107 2,1)3.490 1,3*0,271 151.68) 131,502
provement was lost. To-day the market was lower. Foreign • R eceipts d o n ot in clu d e grain passim? th ro u g h N ew O rleans fo r f o r e ig n
advices came weaker, and this prompted general Belling, ports on th ro u gh b ills o f lading.
under which prices declined % @ \ c. for the day. In the spot Total receipts at ports from Jan, 1 to May 23 compare as
market exporters have been moderately large buyers, their follows for four years:
1890.
1894.
purchases reported here and at the West amounting to 703.- FiOur................. .bbls 0.453.035
1895.
1897.
5,054,427
6,372,413
7,824,628
000 bushels. To-day the market was quiet and easier with
10,519,630
14.050,371
13,474.212
futures. The sales included No. 1 Northern Duluth at
bu sh . 14.400,340
14,208,307
32,259.099
25,258,312
. “
84,200,138
f. o. b. afloat and ungraded spring at 82c. No. 1 hard Duluth
20,311,320
13,183.885
14,334.138
5,190.833
3 411,103
1,491.538
L,53 3.094
was quoted at 78JgC. f. o. b. afloat. No. 1 New York Northern R y e .- .................. . “““ 20,002,015
814,440
154,002
10 4,607
3,325.739
at 76|gO. f. o. b. afloat, No. 1 hard Manitoba at, 77®gC. f. o. b.
51,049,578
72,440,344
43.572,327
afloat and No. 2 hard winter at 74%c. f. o. b. afloat.
1
T o ta l strain. ..........133,179.715
B R E A D S T U F F S .
r id a y

THE CHRONLCLE.

l iOO

iris fro m th e m veral sea b oard ports fo r th e w eek
y i t , m i . sure a lo w n in th e a n n e x e d s ta te m e n t:
Barley,
Pms,
(MU
flour
Mm*
Whmt, Vort\,
bmh.
h*Mh. b%*h.
1,131 307,rt85
124,211
Mm fm k **
1,500 20,708
l t m jt i m o i *
talAtt.. .
I ! W&tk m . m
8,571
iQg#
,
ii&eai
....... .
2 'i
!?*»,«
mm
*4,000
p « * y n Mm § ... .... 1 90,cod
■
isp.m
0.103
xtm i ■74,61*7
Mimmm***** , *Mjm im ,m
150
807,031
1S2,5^>
131,754
319,855
m its
x / m jm n m u is
55,040
190,350 017,000 irj,32?
The destin a tion o f these exporta fo r th e w eek a n d sin oe
September 1, 1890, is as below,

J 3 «Z

t t e it * ! KiiaifOom
gL k CL k m e r tc * .
W «#t
..
Brti. S . A .
Osim t co u c trl* * ,.

--------- I f our.————*
W eek
1
rreek
Stium Sept*
W eek
Since S*pf .
HU20.
M ay 30.
ISM .
Map 29.
1 . 1 m.
bush.
bush.
bU*.
bbt*.
bm h.
bush.
0,551,127 1,227,918 34,700,990 1,150,202 07.H28.O47
93.000
710,0*2
971,144
9,103,071
868.299 09.170,635
17«6$ft
ISO. 167
153
7,001
824,435
........
51,504
916.488
38.153
606,315
10.2-9
352.280
15,903
2(0,815
4,827
3,758,781
1.442
199.513
352
........
922.008

m s s o 9,318,877 1,499.002 44.307.033 2,080,442 140,212.404
190.350 9,301.129 1.047.737 32,331,931 1,558.090 73.603.091
The risib le su p p ly o f g ra in , co m p ris in g th e s to ck s in
granary at th e p rin cip a l p oin ts o f a ccu m u la tio n a t lake a n d
seaboard ports, .May 29, 1897, w as as fo llo w s :
Barley
Rye.
Wheat.
Corn
Qits
bush.
bush,
In ft&r* atbm h.
bush
bm h
107.000
Saw Tot*.............
1.178.000
1.035.000 1,317,000
291.000
42,000
E>0 afloat........
42,000
75.000
15,009
385,000
*03,000
BasSo,*.*” **
055.000
59TOOO
910‘000
Do
a floa t— ...............
. .. . . . .
........
711.000
' 57,666
Cfettaso .... .......... - 5.469.000
5.618,000 2,055,000
Do
a f l o a t . . ........................
.................................
*02.666
348.000
M iwaake®............
170.000
3,000
4.000
Oo •afloat...... ........ .
..
.......
204.666
348.66*0
D&tett....... ........ 3,045.000
9.000
003,000
Do afloat...... ........
...
..........
64*6*00
T/s*4o........ .......... 793,000
210,000
21,000
Do afloat....... ........
..........
.......
Deaott.*..............
44,000
2,000
3,000
10,000
Do afloat................... .
..
........
33,000
Ofwaco*.**. ........ . ........
17,000
.... .
* 8,666
8: Loan................. 201,000
122,000
30,000
Do
a f l o a t , . .. ., ....................
........
--------- 2, 00*6
Ctefctrmati.............
1,000
5,000
11,000
’ *1.000*
Beaton.................... 147,000
741,000
180.000
28,001
Toronto..... .............
113,000
. ....
52,000
Montreal.
332,000
18,000
601,000
40,000
’ 40,666
Philadelphia.,......... 104,000
859,000
119,000
TootiA.
..........
2,000
1,000
44,000
Indianapolis ..........
24,000
75.000
Ki m m City............. 150,000
157,000
108,000
5,000
BaiUmora............. 138,000
512,000
51,000
152.000
*"i,666
Minneapolis............ .1 1.430,000
63,000
170,000
15 000
On Mississippi Hirer.
47,000
13,000
40,000
03.000
Oa Lake#— . ........ 2,863,000
1,597,0( 0 2,181.000
101,000
65.000
294.000
On canal and river... 440,000
473,000
320,000
388.000
Total May 29,1897.26,889,000
1^217.000 gjp69.000 2.021,000 1TU,0 0
Total May 22.1897.28 296.000
11.475,000 8.889,000 2.398.000
1,524,000
Total May 30,1890 50.840,000
8.905.000 8,303,000 1.434.000
857.000
Tot*! June 1. 1895.52,229.000
10.762,000 8 620.000
1 0,000
130.000
T' tai Junv 2.1804 59,395,000
7,496,000 2,610.000
100.000
252.000
T otal I 0 0 M &

THE

DRY

GOODS

TRADE.

New Y ork, F riday, P, M., June 4, 1897.

Business du rin g the ea rly part o f the w eek was described as
under h oliday in flu ence, but as a m a tter o f fa c t it has m ade
so little progress since then, w ith the ex cep tion o f M onday,
w hen the m ark et was en tirely closed, th at the special inter­
ference am ounted to v e ry little. There has again been but an
indifferent m ail dem and f o r a n y description o f m erchandise.
The sale o f seasonable good s is still k ep t in ch e ck b y u n fa v o r­
able w eather con dition s, a n d in staple lines b u y ers are
decidedly con servative.
N or are there a n y in d ica tion s
o f near im provem ent. T he m onth opens w ith several im p ort­
ant Eastern cotton m ills cu rta ilin g p rod u ction and w ith the
im pression quite general that th is is b ut th e b egin n in g o f a
m ovem en t lik ely to assum e im portan t dim ensions. B u t still
buyers view the prosp ect w ith ou t uneasiness and w i l l u n "
dou btcd ly do so as lo n g as they can easily fill their req u ire­
ments on th e basis o f cu rren t prices, There is n o pressure to
sell i n the part o f the general run o f the m ills, but no o p p o r­
tunities are m issed to red u ce stock s at “ reasonable” prices.
Both the jo b b in g and retail trades con tin u e qu iet a n d c o lle c ­
tion* are hardly as satisfactory as o f late.
o g l e s G oods .— T he ch ie f dem and fo r m en ’s-w ear w oolen
and w orsted fabrics has com e from outside m arkets, but even
th at has been o f in differen t volu m e. T he loca l dem and has
been p ractica lly at a standstill u n der influence o f the co n turned itrik e in t i e tailoring trades. T he reorder business
devi‘ lopes very slow ly but in it are seen in dication s o f finer
grades o f worsteds co m in g m ore in to fa v or. U n certa in ty as
to the length o f tim e the ta riff bill m a y be in Congress is a
disturbing fa cto r and quite ch eck s attem pts to in au gu rate
bunness in new l.gh t w eights. There h av e been n o changes
m prices in either staple or fa n cy good s.
C otton -w a rp
cawttnerra, ^oeakio jeans and satinets are in active. C lo a k ­
ings
U fairly in lim ited q uan tities, hut overcoa tin g s are
stow . , , e * bniineta in dress good s ia in differen t, but fair
■leitverii s e o in g forw ard on existin g con tra cts a nd the m arket
ss gen erally steady. Flannels and blankets are q u ietly firm .
D om estic Cotton G oods — T he ex p orts o f co tto n good s
,ro m this port fo r the week en din g M ay 81 w ere 3,390
packages, valued at 1162,492, their destination bein g to the
points specified in the tables b elow :

New YoitK

to

LVo l . L x r v

Ma t 31.

Great Britain....................
Other European................
China ....... .................... .

India.................................
Arabia..............................

Africa..................................
West Indies.......................
M exico................................
Central America................
South America..................
Otner C ountries.................

Total.............................
Chinn, via Vancouver'..

Total.....

1897.

1898.

Week. Since Jan, 1. | Wee*. •

1,300
143
143
200
287
36

2,165
1,611
53,887
2,153
10,065
8,678
0,524
3,421
3,123
22,694
1,857

3.683
172
to
143
598
122 :

963
1,280
44,014
2,507
7,880
7,517
5,424
1,282
3,786
19.986
1,781

3,390
—

114,178
9,250

3,504
016 |

96,450
14,323

s

1,175
10

i°2
678

; 4,120

3,390
123,423
* From New England mill polntB direct.

110,773

The value of the New York exports for the year to date has
been 14,546,947 in 1897 against $4,347,261 in 1896,
In an occasional quarter an improvement in the demand
for brown goods for export has been reported, but it has not
been important. The home trade demand continues sluggish
on all weights of sheetings and drills. Most makes are fairly
steady, but buyers occasionally secure some advantage in
both Eastern and Southern goods. In coarse colored cottons
a generally dull business is reported. Denims continue steady
in price, but in other descriptions the market frequently in­
clines in favor of the buyer. Bleached shirtings are slow
sellers, particularly so in the finer grades, but prices are main­
tained. Wide sheetings in indifferent request, as are cotton
flannels and blankets. Kid-finished cambrics inactive and
unchanged. White goods dull and irregular.
Seasonable
printed and printed sheer goods have been in poor request and
market irregular. Fancy calicoes for fall now being opened
barely maintain last season's prices. Staple ginghams are
dull and dress styles generally inactive at irregular prices.
There have been no sales of regular print cloths this week,
sellers refusing to accept bids of 2 7-16c. for either spots or
contracts, Odd goods in quiet request and easy to buy,
1897.
1896.
Stock o f Print C'.oiKt—
May 29,
May 30.
AtProvldenoe, 64 squares. 47a,000
290,000
At Fall River, 64 squares.. ^ 840 000 ^ 908,000
At Fall River, odd sizes.
531,000
Total stook (oleoes).__1,315,000 1.729,000
F o r e ig n

Dry

1895.
1894.
June 1. June 2,
158,000 271,000
24,000 466,000
70,000 146,000
252,000

883.000

G o o d s .—The supplementary demand for

seasonable lines of all descriptions has been slack and the
market is decidedly irregular, Business for fall has been
quiet on both staple and fancy lines and without special
feature,
Im p o rta tio n s a n d W a reh ou se W it h d r a w a ls o f D ry G o o d s ,

The importations and warehouse withdrawals of drygoods
at this port fo r the week ending June S, 1897, and since
January 1, 1897, and fo r the corresponding Deriods of last
year are as follows:

» m u

r ! a“*

t

1

p j qotfhMjoM
© j

to OK5*3

O ! 05 ocoo
Ot 1—tOCO<
3503
c* Wft. *•its00
to
K>J W p - o i o 05 f WMOoS

M <3tp to Mjf

I cobi'wV'i
tO ' HWsJOC
y<

to to t o -J -

c*^©-*©
<o*co® O at
<»©<J<©^
MMtOto
£83S& «
©OCJsWm
~-l >“■-4COCo
cotOMrf^yt

—©<JO0W
QtC5—
•»uQ
l <Jpcopo©
W<MfccVj
Isssg g
i3 »2 ¥w
1M'U»©WO

I f*

is
8

®i

THE

J une 5, 1897.]

S tate

and

C ity B

e ? a b tm e w t .

TERMS OF SUBSCRIPTION.

The

and

will be furnished w ith ou t
to every annual subscriber of the C o m m e r c ia l

I n v e s t o r s ’ S u p pl e m e n t

e x tr a charge

F in a n c ia l C h r o n ic l e .

The

will also be furnished
to every subscriber of the C h r o n ic l e .
The S t r e e t R a i l w a y S u p p l e m e n t will likewise be fur­
nished w ith o u t ex tr a charge to every subscriber of the
Sta te

and

C i t y S u p pl e m e n t

w ith ou t e x tr a charge

C h r o n ic l e .

The

also

Qu o ta tio n S u p p l e m e n t , issued m o n th ly, w ill
be
furn ished w ith o u t e x tr a charge to e ve ry subscriber of the
C h r o n ic l e .

TERMS for the C h r o n ic l e with the four Supplements
above named are Ten Dollars within the United States and
Twelve Dollars in Europe, which in both cases includes
postage.
Terms of Advertising—(Per ineh space.)
O netim e................................ $3 50 I Three Months (13 times)..$35 00
One Month
(4 times).. 11 00 Six months
(26 times).. 43 00
Two Months
(8 times).. 18 00 |Twelve Months (52 times). 58 00
The above terms tor one month and upwards are for standing cards.

M U N IC IP A L BO N D S A L E S I N M A Y .
According to our record of municipal bond sales, the
total amount of these securities marketed during last
month was $8,136,237, not counting $1,756,000 of tern
porary loans reported. This is to be compared with
$10,712,538 for the corresponding month last year and
with $13,060,323 for April of the present year.
The decrease in the amount sold during the past
month, as shown by this comparison, may be accounted
for by the fact that there was only one sale of over
$1,000,000, namely the $1,314,000 of Providence, R. I.,
park and improvement bonds sold to the Commis­
sioners of the Sinking Fund of that city, the next
largest sale being the $500,000 of water and school
bonds of the city of Minneapolis. As compared with
this, the aggregate the previous month included the
New York State Canal loan of $3,000,000 and the Bos­
ton loan of $1,275,000, and the aggregate for May
1896 included the New York City loan of $4,039,502
and the Memphis, Tenfi., loan of $1,399,000.
While the amount of securities marketed has thus
decreased, there has been a marked increase in the num­
ber of sales, there being, according to our records, 131
municipalities issuing bonds during the last month,
against 113 for April 1897.
In addition to the two principal bond sales of the
month, as noted above, the only other sales of any con­
siderable amount were the $400,000 of Brooklyn 3^
per cent consolidated stock and bonds at 103-141 to
104-603 ; the $347,000 of Scotland County, M o., 4£s,
for which no price was reported; the $300,000 of
Newark, N . J ., 4s, due in 1927, at 111-819; the
$270,000 of Los Angeles, Cal., 4s at 100-53; the
$270,000 of Pittsfield, Mass-., 4s at 102-639 and
104-157, and the $270,000 of Hartford, Conn., 3£s at
103-219. This covers all sales in excess of $250,000.
In the following table we give the prices which were
paid for May loans to the amount of $7,137,543,
issued by 100 municipalities. The aggregate of sales
for which no price has been reported is $998,694 and
the total bond sales for the month $8,136,237. These
figures do not include the $500,000 Pawtucket, R. I.,
loan, because this loan, though reported in May, was
actually placed at private sale in April. In the case
of each loan reference is made to the page of the
C h r o n ic l e where a full account of the sale is given.
M a y B on d S a l e s .

Page.
Location.
Rate.
Maturity.
lOlO .Ablngton, Mass......... 4 Mav 1,1926
1102. .Aeushnet, Mas*.......... 4
1897-1903
1102..Adams Co., Ohio............
..............

Amount.
$3,000
*7,000
20.000

1101

CHRONLLP

Award.
107
100-3571
103-60

Page.
Location.
Rate.
Maturity.
1055..Allegheny (Pa.)Third
Ward School Dist.
4
1893-1917
1055 ..Athens, Ohio............. 5
1055 Bayonne, N. J ..........
1055 ..Belmont, Mass........
4 J u n el, 1917
1055 ..Belmont, Mass........
4 June 1,1927
1055 .Berlin Falls. N. H ... 4
1917
1010 .Brooklyn, N. Y ........
3 ^ Jan. 1, 1937
1010 .Brooklyn, N. Y ........
313 May 21,1917
1010 .Brooklyn, N. Y ........
3 ^ May 21, 1925
1103 .Butler Co., Neb......... 5 July 1,1912
966 .Calhoun Co.. A la....... 6
J u n e l,1917
960 .Cape May, N. J .......... 5
1917
1055 . CarrolltonT wp. ,Mich. 5
1902-1907
966 .Chagrin Falls, Ohio.. 6
1901-1922
960 .Chelsea, Mass........... 4
Oct. i, 1936
1011 Chicopee, Mass.......... 4
1907
1011 .Christian Co., K y...... 5
1927
966 ..Clermont Co., Ohio . 5
1906
1103 .Clinton, Mo............. .. 55
1907-1917
"
1011 .Colbert Co.. Ala...... . 5
912. .Cranston, R. I ........... 4
1937
1927
1103. .Cumberland Co.,N.C. 5
1011. .Delphos, Ohio........... 5
1898-1907
1056. .Dufur (Ore.) School
District No. 29....... 6
1907-1917
1917
1011 . .Ellsworth, Me........... 4
1907
1056. .Evansville, Ind........ 5
1907
1056. .Evansville, In d........ 5
1103. .Glenville (O.)Sch.Dis. 5
1898-1912
1922
913. .Gloversville, N. Y __ 4
1898-1917
1011 . .Green Bay, W is........ ft
1902-1922
1056. .Greensburg, Pa........ 5
913. .Hamilton, Mass........ 4
1898-1917
1898-1907
913. .Hamilton, Mass........ 4
913. . Hartford, Conn.......... 3 hi
^
967. .Hartford (Conn.) A r­
senal 8eh. Dist....... 4
1917
1012..
Holland, Mioh.... 5 Feb. 1, 1908
4
1917
1012..
Huntington, Conn...
1103.. Hyde Park, Ohio....... 5
1898-1907
Jan. 1,1927
1104..
1.dianapoli8, Ind___
'
4
1104..
1 0 .a City, l a ...... 4*4
41l
1907
1056..
Jefferson City, M o...
4*3
913..
Jersey City, N. J.......
4
4
1012..
Kern Co. (Cal.) Lakeview School D ist... 8
tl905
1012..
Kern Co. (Cal.) Rockpile School Dist__ 8
tl905
1056..
Langdon, N. D.... 6
1917
913.. Lisbon, O h io ___
1898-1902
6
1056..
Los Angeles, Cal.......
4 1898-1937
4
9 1 3 ..
Lowell, Mass.... 4
1898-1907
1012..
Mabel, Minn....... 6
1907-1916
1907-1921
1012..
Manchester, Va. 5
1104..
Marion Co., Ohio.......
5 1898-1908
5
1012.. Marshalltown (la.)In­
dependent Sch. Dis. 4 L j 1902-1907
1057..
Martin, Tenn...... 6
1917
1057..
McGregor, la ...... 5
1900-1916
9 6 7 ..
Medford, Mass. 4
May 1,1917
967..
Melrose, Mass.. 4
1916
1013..
Milwaukee, Wis. 6
1898-1917
1,1927
1104..
Minneapolis, Minn... July
4
1104..
Minneapolis, M inn... July
4
1,1927
1057.. Mt. Pleasant, Pa....... 5
1101..
Munising, Mich.. 5
1907-1917
1104..
Napoleon, Ohio.. 5
1898-1907
1907
1057..
Neoga. Ill............ 6
1057..
Newark, N. J ..... 4 J u n e l,1927
1898-1909
1057..
Newark, Ohio..... 5
1927
968 ..
New Mexico..... 5
1057..
Newton, Mass.... 4
1917
1013..
Newtown (N. Y.) Un.
Free Sch. Dis. No. 2. 4
1904-1918
1013..
Nevada Co. (Cal.)
6
1902-1908
1907
968 ..
Norfolk Co., Ya. 5
915 ..
Niles (Ohio) Sch. Dis.
5
968. .Oneonta (N.Y.) Union
Free Sch. Dis. No. 5. 4
1899-1906
4 June 1,1927
1057.
915...Pelham Manor, N. Y. 4 May 1, 1917
1057...Philmont, N. Y .......... 4
1906 1925
1898-1914
4
968.
1898-1907
9 68..
Pittsfield, Mass. 4
969. Providence, R. I ........
969..
Providence, R. I........
1905-1927
1014..Punxsutawney, Pa... 4
969 ..
Queensbury (N. Y.)
Union Free School
5
1898-1937
4
969.
1937-1950
915. .Richmond Hill. N. Y. 4
915. .Rocky River (Ohio)
1898-1902
Special Sch. D ist... 6
1907-1917
1058 .Rockbridge Co., Va.. 5
4
tl911
1058.
4R, 1917-1927
1058.
1917
5
969
1898-1907
969. .Silver Creek, N. Y . . . 4 * 9
1907-1927
969. .Southington, Conn... 4
1014. .Southport (N.Y.) Sch.
1901-1912
5
3 ^ Jan. 1,1927
1014.
4
1906
970.
1901-1916
5
1106.
1907-1911
1106. .Van Wert Co., Ohio.. 5
5
1907-1917
1106.
1927
4
916.
1917
4
916.
4
1907
916.
970. .Waterford (N.Y.)Un.
1912-1931
Sch. Dis. No. 1......... 4
4>4 1902-1917
1015.
tl900
1106. .West Mansfield, O ... 6
1902-1917
971 WestmorelandCo. ,Pa. 5
1015. .White Plains (N. Y.)
tl916
5
1902-1917
6
970.
4 Oot. 1, 1925
1100.
1898-1900
5
1107. .Youngstown, Ohio..

Amount. Award.
$160,000
5,000
9,000
40,000
6,000
50,000
375,000
16,500
8,500
89,000
75,000
12,000
6,000
35,000
50,000
26,000
100,000
20,000
8,000
100,000
150,000
87,300
10,000

102-14
100-53
101
106-78
108-78
100-75
104-603
103-141
103-871
100-573
102-75
105-07
101-125
107-05
110-347
104-657
103-105
110-685
102-1375*
100
104-335
100
109*0777

3,000
28,000
25,000
25.000
17,000
28,000
11,000
15,000
20,000
11,500
270,000

100
105-27
106
104-19
105-347
107
107-5909
104-596
103-05
101-51
103-219

100,000
18.000
75,000
4,143
150,000
40,000
54,000
100,000

105-15
104*5515
105*488
102-5206
107-031
100-25
100
100

2,500 115-2
2,500
4,500
20,500
270,000
75,000
5,000
75,000
63,000

115-2
100
106-8292
100-53
102-83
101-5
102-5333
103-57

57,000 101-5087
25,000 102
15,000 100-6733
200,000 106-923
50.000 106- 59
200,000 112-275
400.000 107- 08
100.000 107-08
24.000 106-17
30.000 100-87
24.000 102‘7
5,000 100
300,000 111-819
12.000 105-2291
55.000 100
40.000 100
15,000 104-136
10,000 103
25,000 103-562
10,000 105-475
10,000
50,000
50,000
40,000
170,000
100,000
640,000
674,000
8,000

100-905
102-05
105-53
103*70
104157
102-639
100
100
101-25

24,000 105-8875
120,000 106-555
70,000 109-567
4,000
4,000
39,000
100,000
4,300
8,850
90,000

104*175
100
105-05
100
100
101-4124
105-125

5,500
100,000
45,000
13,500
18,000
22,000
7,000
6,000
5,000

107-52
102-26
104-166
100
109-13
110-3
108-793
106-798
103-786

20,000
60,000
1,500
15,000

105-25
100-1866
101-0833
104-61

6,750
10,000
15,000
3,200

100
100
106-25
109-3333

Total (100 municipalities)............................... $7,137,543
Aggregate o f Bales fo r w hich no p rioe has
been r e p o r te d ...................................................

998,694

Total bond sales for May, 1897................... J#8,136,237
Notes.
(Average.
INot including $1,756,000 of temporary
loans reported and which do not belong in this list.

1ftE CHRONICLE.

1102

Is sisMttW he tHsiiiMsHy understood that the foregoing
//•<« m»f iv'-.
an if »•>ports of tem porary loans titfH iiai'tl during the month. These temporary loans ohru«ti<dv do not belong iu the list . They are in no sense
n*. w bond i-i!ii->. Nearly all the larger municipalities
are btjrrowine more or less in this way all the time, the
loan.- InTig for short periods usually, to be repaid just
u>
?t> no* iiuttkes c-onics in from taxes, assessments
and other collections. In other words, the loans do not
remain outstandisg and can not he treated as an adduiov. t.» tie iM-rimmem indebtedness of municipalities
<>r m part of tbe regular bond sales. For the late month,
as stated above, ¥1,7515,000 of snob loans were reported.
*ndy a small part of these loans however come to light.
They are generally the result of private negotiations
with financial institutions having large amounts to iiivt-l temporarily at low rates, and bonce publicity is
rare]y given to them. We make this explanation because
uniafonnod parties often fail toreeognize the distinctive character of these loans and treat them as if they
f.-ruled purl of the bond sales, thus unduly swelling
the totals.
la the Chhoxigle of May 8 1897, page 910, a
list
April bond sales amounting to 812,948,227
will be found. Since the publication of that state­
ment we have received the following reports. The
1’awtucket loan of 8500,000, referred to above, is
included in the sales for which no price has been
reported.
r a j!.

£*.-<t.-io>:

ADlimOSjI. AFittL BOND SALES.
Rale.
Maturity.
Amount. Award,

8<M Co;,-,..vSi;c, P n .......... 4
ttl* ,X e * M « ! « .................. 5
1 0 5 7 ..on -re tv.„ c.,1 .............. 6

101*. .Saginaw Mh:U.l Cn

S o lio o l U M r t e t ........

4*s

18 98-1927
1915-1927
1907-1917
A u g. 1 ,1 9 0 5

?23.0 00 102
75.000 100
7,500 101-50
5 ,0 0 0

1 0 2 -5

T o t a l .............. ........................................ ................................... $ 1 1 0 ,5 0 0

Alt:** ••V •

. tor which no price has been re-

ported........................................................... 648,000

T ota l

adilitjfrim! sale*

f o r A p r i l ............................... $ 7 5 8 ,5 0 0

The->• additional loans will make the total sales,
(not ineluding temporary loans) as reported for April

1897 amount to $13,060,323.
Philadelphia, Pa. — C ity C a n n ot Issue the 911,000,000 o f
Bor.4f. W ith ou t a V ote o f the P eop le, —The Supreme Court of
JVn»i-ylv«nm last Monday decided that the City of Philadel­
phia esc not issue the proposed loans o f f 6,000,000 aid |8,C00,WXi for public improvements without a vote of Hie people*
Tot- opinion «-*-* rendered la the case of David Pepper and
other* who as taxpayers filed a bill In equity a abort time
i.itic** in C om m on Pleas Court No. I , to restrain the Mayor
from tKUing tiie bonds. Judge Biddle, before whom the case
w*e argued in the lower court, held, as reported in the
(, esn -ui’u <f May 8, 1897, page 911, that the loan bills were,
valid utt ti... ground that at the time of the adoption of the
C institution the net debt of the city was $48,565,173 17 and
that &• it is only 131,336,074 11 at the present time it was
Ci-arijr Within the power of the city to maintain an indebtednr*» at 1-Jist as great as that at the time of the adoption of the
Constitution. This ruling the Supreme Court has now revemd.
rwston
Article IX of the Constitution of 1874, says:
“ Ti . debt of any city, county, borough, township, school
wtrsrt or oth. r municipality or incorporated district, except
**
r*-tn provided, shall never exceed 7 per centum upon the
a% 1 value of the taxable property therein, nor shall any
such n:n::i. )j«Uity or district incur any new debt, or increase
i> indehtsdncm to any amount exceeding 3 per centum upon
*u h •-.-••! valuation of property, without the assent of the
etc'"tor* thereof at a public election in such manner as shall
pt"Xi-J*..l t-y law; but any city the debt of which exceeds 7
t-.-r rectum of such saataasd valuation msy be authorized by
“ w tr' increase the m o w 8 per centum in the aggregate at any
on*-’ If me up- t. uch : vluation."
tfc- .‘‘upri-nie Court interprets this section to mean that a
city sdnht cannot be Increased in excess of 2 per cent of the
***” '■''* v-ihiaii-r: ‘ I'-cpt by a vote of the people. The de­
cision waa written by Chief Justice Sterreli, who said that

Von. LX IV,

the first clause of Section 8, Article 9, of the Constitution, is
a positive prohibition of any muoicipal indebtedness, in ex­
cess of seven per cent of the assessed valuation of the taxable
property in the municipality; and the last clause is a tem­
porary provision for those cases in which the indebtedness
wag greater than the seven percent limit at the time of the
adoption of the Constitution. Continuing Justice Sterrett
said :
* * * “ By the terms of the clause the limit of the cre­
ated or increased debt was 2 per cent upon the assessed
value of the taxable property therein and no more, unless by
* vote of the people.” “ What then,” continues the opinion, “ is
the limit to which a city may go in creating or increasing its
debt? Manifestly 2 per cent, if done by the municipal au­
thorities, and if a greater amount than that is required it
must be done by a popular vot1. That boundary mark is just
as precise and definite as the 7 per cent ultimate limit pre­
scribed by the preceding clause of the section. The amount
of the new debt or the increased debt shall not exceed 3 per
cent of the valuation.
“ If any debt in excess of 2 per cent is required, it can only
be obtained in one way, viz.: By the vote of the people, But
that mode is out of consideration here, and it was hell by
the learred Court below that so long as the 7 per cent limit
was not reached there might be successive increases which in
tbe aggregate did not exceed that limit. But the vice of that
contention is that no such method is authorized by the Cons'itution. On the contrary, it is prohibited by the words of
the Eighth Section above quoted, The amount of the whole
debt creation therein authorized is 3 per cent— and not any
other per centum—upon the assessed valuation of the taxable
property.
“ But it is entirely clear that after the 3 per cent limit has
been reached there can be no further increase by municipal
authority only.
In conclusion the Chief Justice says : “ It follows, therefore,
that as the 3 per cent limit in the present case has been more
than reached by previous additions, though by subsequent re­
duction the aggregate of the additions is now slightly below
the 3 per cent limit,, the ordinances authorizing the two loans
of §8,000,000 and $3,000,000, respectively, are both invalid, and
the plaintiffs hill must be sustained and the injunction prayed
for awarded.”

Bond P roposals and N egotiations this

week have been as follows.

Aenslinet, M ass— N ote S a le.— The town of Acushnet has
placed a loan of §7,000 with E H. Gay & Co. of Boston for
$7,025. Rids were also received from Jose Parker & Co,,
Geo. A Fernald & Co. and Jas. W . Longstreet & Co. The
notes are dated May 1, 1897; they bear 4 per cent interest,
payable at the office of tbe Town Clerk, and will mature at
the rate of §l,000per annum from November 1. 1897 to 1903,
inclusive.
Adams County, Ohio.— Bond- S ale. —Adams County has sold
§30,G0ft of bonds to Rudolph Klc-ybofte & Co. of Cincinnati
at 103 60.
Albany, N. Y .— B on d s P rop osed .— Park-improvement bonds
to the amount of $25,000 are under consideration.
Allegheny, Pa.—Bonds P rop osed . — Street-improvement
bonds to the amount of $32,813 will soon be issued.
Bath, Maine.— B inds P rojiosed . — The town of Bath has
urder consideration a proposition to issue $78,000 of bonds to
refund an equal amount falling due September 1, 1897.
Baxley, tla.— B o n d Sale.— This municipality has issued
water bonds to the amount of §0,000.
Bay City, Mich.—Bond O fferin g. —Proposals will be received
until 3 o'clock P. M., June 14, 1897, by Geo. P. Ambrose, City
Comptroller, for the purchase of §30,000 of 5 per oeut im­
provement bonds. The securities wilt be of the denomination
of §1,000 each, dated July 1, 1897; interest will be payable
annually or semi-annually as the purchaser may desire, and
the principal will mature at the rate of $10,000 per annum
from July 1, 1900 to 1902, inclusive.
The bonded debt of Bay City is as follows: Water-works
bonds, $362,000; bridge bonds, $73,000; City-Hall bonds,
$150,000; improvement bonds, including this issue, §96,000:
total, §681,000. The value of property belonging to the city
is $1.431.599 10. The assessed valuation is: real estate,
$8,408,520; personal property, §3,385.286; total, $10,831,806.
Bennington, Vt.— B on d Sale. —The following is a com­
plete list of the bids received on June 1, 1897, for the §100,000
of 4 per cent refunding bonds of Bennington:
i>. W . H ow lan d , B o s to n ............ 106-8*00
W . J. H nyus f t Sons. B oston ...lOO'TOOlt
F a r-on. L e a ch .V Co..
------103-0000
" . N. Y
Y......103-1
N, W . H a r ti« A -C o .. B o s t o n .... 10S-187B
- 1). Stiles. New Y o r k ............ .102-7*00
E. It. H ollins A Sons. B o s t o n ,, 101-2851)

H . S. H o m e r f t Co., B o s t o n .... 103-1180
K. C. Stfinwnod A Co.. B oston ..1 01’ 7500
Nat. J.tfe Ins. Co. O f V t.. M u «tp tn r ?3 0 0
C. II.
_ Wh
_ ite &_ C_o.._ N ew Y o rk . .101-2103
s . AA.. K
, ...
............................... .
Kean
ean,
Chlcavc.........
,1ns.
ou R
Co., B o st,100-3900
as, W . L
!.,m
r sstreoi
tr e o t & Co,

The bonds were awarded to D. W . Howland. The securi­
ties are coupon bonds oi $1,000each, dated July 1, 1897; inter­
est is payable semi-am ually on the first, days of January and
July and ihe principal will mature July 1, 1917, both princi­
pal and interest being payable at the office of the Town
Treasurer. These bonds are to refund an issue of bonds now
outstanding, amounting to $113,000, §12,000 of which will be
paid during the year from funds in hand and current tax­
ation, There are also outstanding §37,000 of 4 per cent bonds
maturing from January 1, 1898 to 1901, inclusive. The town
has no floating debt; its assessed valuation for 1890 is §3,608,-

THE CHRONICLE

J une 5, 18V7.J

HOB

970; the population in 1890 was 6,393 and at the present time Detroit, Mich.—L o a n A u th o riz ed .—The Finance Commit­
tee has been authorized to negotiate a loan of §30,000 to ex­
is estimated at 8,000.
Bristol, Conn.—Bond S ale.—The following is a complete tend the water works system.
list of the bids received on June 1 for the purchase of the East Cleveland, Ohio.—B on d Sale.—The following is a
complete list of the bids received on June 1,1897, for the §23,$100,000 of 4 per cent funding bonds of Bristol:
E . H . G ay & Co., B oston ..............106-770 Farson. L e a ch & Co., N. Y .......... 105*000 000 of 5 per cent 11-year and 10 months average school bonds
D ietz, D e n is o n * Prior, B oston .. 1* 6*«-77 E. C. S tanw ood 4 Co., B o s t o n ...104*970 of East Clevelard:
Cushman. Fisher & Phelps, B os. 105*67 E stabrook 4 Co.. B o s to n .............. 104*550
A tla s Nat. Bank, C incinnati.......10^*735
1

G eo. A. Fernald 4 Co., B os ton . .105*625
N. W . Harris & Co., B os ton .........105*540
Colum bia T ru st Co., B o s to n ....... 105*352
Street. W yk es & Co., N. Y ........... 105*260
C. H. W h ite * Co., N. Y ................ 105 225
Edw. C. Jon es Co.. N. Y ................ 105*030

T h e L a m p rech t B ros. Co.. C lev. 106*017
J. H . Rand, N orth T on aw an da. 104*4S0
D. W . H ow land, B o s t o n .............. 104*225 S eason good & M ayer. Cincinnatll07*576 F ou rth Nat. Bank, C o lu m b u s .. .105*673
E. H . R ollin s 4 Sons, B o s to n ___104*079 , Jo h n R odgers, C leveland ...........107*190 J. H . Rand. N orth T on aw an da.. 104*723
R . L . D ay & Co., B o s to n ...............103*783 j R u d o lp h K leyu olte & Co.. Cin..i07*112 C. S. Russell, Cleveland. . ....... 104*569
S. A . K ean, C h icago...................... 102*250 j W . J. H a ye s & Sons, C leveland. .106*S69 N. W . H arris & Co., C h icago....... 103*643
Jas. \Y. L on gstreet & Co., B o s ..100*773 Farson. Leach & Co., C b ica g o ... 103*447 S. A. Kean, C h ica g o .......................102*125
D ietz, D en ison 4 P rior, C le v e ...106*172 Cam pbell, W ild e 4 Co.,Indianap.lOO*815

The bonds were awarded to E. H. Gay & Co. The
securities are of the denomination of $1,000 each and are
secured by a sinking fund of 86,000 per annum; they are dated
July 1, 1897; interest is payable semi-annually on the first days
of January and July, and the principal will mature July 1,
1927, both principal and interest being payable at the Bristol
National Bank.
Boif ilo, N. Y.—le m p o r a r y L o a n . —The $35,000 certificate
of indebtedness was awarded to the Park B >nd Redemption
Sinking Fund Commission of the city of Buffalo as an invest­
ment for that fund. The loan bears interest at the rate of 4
per cent and becomes due Julv 1. 1898.
Butler County. Neb.—B on d Sale. The $89,000 of 5 per
cent refunding aid bonds of Butler County were awarded to
Spitz^r & Co. of Toledo, Ohio, for $89,510 and accrued inteiest.
The following is a complete list of the bids received:
Spitzer 4 Co., T o le d o ..............$89,510 00 I N. W . H arris & Co., Chicago. .$89,100 25
D ietz, D enison & P rior. C lev.. 89,300 00 D uke M . Farson. C h icago. . . . 89.100 00
T h e L a m p recht Bros. Co..
I R u dolp h K le y b o lt e * Co., Cin. 89,075 00
C lev ela n d ....................................89.258 00 M ason. L ew is & Co.. C h icago. 89,000 oO
C. H. Im hoff. L in c o ln .............. 89,111 <o K ou n tze B ros., New Y o r k —
89,000 00
Stull B ros.. L in c o ln .................. 89,101 00 IS. A . K ean, C h icago.................. 85,555 00

The securities are dated July 1, 1897: interest is payable
semi-aDnually and the principal will mature July 1, 1912,
both principal and interest being payable at the Nebraska
State Fiscal Agency in New York City.
Cameron, IV. Ta.—B on d O fferin g —Proposals will be re­
ceived until June 20, 1897, by G. W . Hill, Secretary, for the
purchase of $8,000 of 6 per cent village improvement boods.
Interest on the securities will be payable annually and the
principal will mature in from one to twenty-one years from
date of issue.
Charlottesville, Ya.—B on d s D efe a ted . —Attbe election held
in Charlottesville on May 27, 1897, tne proposition to issue
$30,000 of water bonds resulted in defeat.
Chatham, N. J.—B on d s A u th o riz ed .— Oa June 1, 1897. the
citizens of this borough vo ed in favor of issuing $45,000 of
water-works bond?.
Chippewa Couuty, Mich.—B on d S ite .— On June 1, 1897,
W . J. Hayes & S ods of Cleveland, Ohio, were awarded the
$40,000 of 5 per cent refunding bonds of Cbipoewa Cuuaty at
a premium of $3,497 and accrued interest. Niae other bids
were received.
The securities are of the denomination of $500 each, datvd
June 1, 1897; interest is payable semi-annually on the first
days of June and December at the Chase National Bank of
New York City, and the principal will ma ure June 1, 1912.
The bendpd dent of Chippewa County, not including this
issue, is $142,010 ; the assessed valuation as equalized for 1898
is $3,475,998 ; the real value is estimated at aoout $6,944,260.
The population of the oouaty in 1894 was 15,319.
Cincinnati, Ohio. —B on d s A u th o riz ed —Street improve­
ment bonds to the amount of $20,899 38 have been au­
thorized, The securities will bear interest at the rate of 5
per cent, payatle semi annually, and will mature in from one
to ten veats from date of issue.
Cleveland. Ohio.—B on d s P rop osed .— H. Q. Sargent, Direc­
tor of Schools, in his annual report to the School Council has
recommended the issuance of bonds for the erection of new
schools.
Clinton, Mo.—B o n d Sale.—Tbe following is a comolete list
of the bids received for the $3,000 of 5 per cent 10-20 year
sewer bonds of the city of Clinton:
M ason, L ew is 4 Co., Ch icago. .$8,171 00 I W . C. L ittle & B ro. Investm ent
E. P. M iller. Springfield. M o .. 8,060 0» | Co., St. L o u is .....................
$a,020 40
J oh n D. Porter,S pringfleld,M o. 8,050 00 I W ern se & DiQckman, St. L ou is 8,0t0 U0

The bonds were awarded to Mason, Lewis & Co. The se­
curities are payable, both principal and interest, at the office
of the Mississippi Valley Trust Company of S;. Louis.
Cort-opolis, Pa .— Bond O ffering.—Proposals will be received
until 6 o’clock P. M. to day by \V. M. Stanton, President of
the Council, for the purchase of $22 000 of 4}-£ per cent water
bonds of this borough. The securities will be of the denomi­
nation of $500 each, dated December i, 1898; interest will be
payable semi-annually, and the principal will mature in
thirty years from date of issue, subject to call after five years.
Each proposal must be accompanied by a certified check
for $250.
l nruherland Comity, N. C.— Bond S a le —Cumberland
County has sold $87 300 of gold refunding bonds at par. The
securities bear interest at the rate of 5 per oent, payable semi­
annually on tbe first days of June and,,December, and tbe
principal will mature in thirty years from date of issue.
Deerlng, Me.—B on d S ale.— fhe following is a complete
list of the bids received for tne $2) 0)0 of 4 per cent 20-year
sewer bonds of the town of Dtering:

W o o d b u r y 4 M oulton , P o r t'd . .106*270 I G eo. A . Fernald & Co., B o sto n . .105*110
E. H . Gay 4 Co.. B oston ............. 106*265 Blodget. M erritt 4 Co.. B oston.. 104*790
M. K Frank, Port la nd ............... lOriOO!
W. Harris
Co., Boston ......... «»
D ietz, Denison 4 Prior. B oston. 100*6?7 P ark inson 4 Burr. B o s t o n . .. . .. . 104*201
C uahm an.Fisher 4 Phelps, B o s .105 5 3 { Farson. Leach 4 Co., N. Y.. .. 104*050
D. W . H ow land, B o s to n ..............105*800 I L elan d , T o w le 4 Co., B o s t o n .. .103*567

S.

4

The bonds were awarded to Woodbury Sc Moulton.

14*«30

The bonds were awarded to the Atlas National Bank. In­
terest on the securities is payable semi-annually at the Society
for Savings of Cleveland, Ohio.
B on d s D efea ted . —The proposition to issue $100,000 of
water-works bonds was defeated by a vote of the citizens of
East Cleveland on May 28, 1897.
Eatontown, N. J.—C orrectio n .— In our issue of May 29 we
stated that the citiz ns of Eatontown had voted in favor of
issuing $2,000 of school bonds. We are now informed that
the proposition to issue the securities was lost.
Farley. Iowa.—B on d Sale.—The town of Farley has sold
$3,500 of 5 year water bonds.
Fayette County, Ky.—B on d N ew s.—The Treasurer of Fay­
ette County reports to the C h r o n ic le that the bonds which
it was reported this county had under consideration for the
erection of a Court House will not be issued at present.
Fayetteville, N. Y.— C o r r e c tio n . —The Treasurer of the
Water Board reports to the C h r o n ic le that the amount of
bonds recently sold was $3,000 and not $15,000 as reported in
our issue of May 22, 1897. The securities were sold to the
Comptroller of New York State; they bear 3J^ per cent inter­
est and will mature in 10 years from date of issue. There are
also outstanding $29,000 of 3J£ per cent 20-year water bonds,
Florence, Col —B on d News.—Geo. Killian, Town Clerk,
reports to the C h r o n ic le tnat the water-works bonds of
Florence recently voted will be sold at private sale as soon
after the first of June as possible. The securiiies will be dated
June 1, 1897; interest at the rate of 6 per cent will be payable
at Florence or at the office of Kountze Bros of New York
City and the principal will mature in fifteen years from date
of is ue, subject to call after ten years.
Geneva, N. ¥.—T em pora ry L o a n . —The village of Geneva
baa placed a loan of $5,000 ac 5 per cent discount. The loan
was issued in anticipation of taxes and in the form of notesfor $2,500 each, one of which was taken by the Geneva
National Bank aid tbe other by the First National Bank,,
both of Geneva. The Village Treasurer informs us that thisloan is made every year, and is merely an overdraft on the
Treasurer on which the village agrees to pay interest.
Gleavllle (Ohio) School District.—B on d S ale.—The $17,000 of 5 per cent school bonds of this district were awarded
to tbe Atlas National Bank of Cincinnati at a premium of
$909. The bonds are dated June 1, 1897; interest is payable
on the first days of June and December in each year at the
office of tbe Treasurer of the District, and the principal will
mature part yearly from 1893 to 1912.
Glynn County, (in. — B on d s P rop osed .—It is reported that
this county proposes to issue $40,0u0 of court house bonds.
Grant) Rapids, Mich.—B on d s P rop osed .—The City of
Grand Rapids proposes „o issue $200,000 of bonds to pay the
cost of improving the s’reete.
Hartfoid First School District, Conn.—-Bond O ffering.—
Proposals will be received until June 9, 1897, by The Hart­
foid Trust Co., Treasurer of the district, Hartford, Conn.,,
for the purchase of $100,000 of 4 per cent district funding
bonds. The securiiies will be of the denomination of $1,000
each, dated May 1, 1897; interest will be payable semi-annu­
ally and the principal will mature May 1, 1927, subject to call
after May 1, 1907. No bid at less than par will be accepted,
The bonds are part of an authorized issue of $130,000.
Hndson, N. Y.—B on d Sale.—Oa June 1, 1897, tbe city of
Hudson received the following bids for the $15,000 of 4 per
cent street-improvement bonds:

A lfr e d B. Chase................................. 106-F7 Jas. W . L o n g stre e t & C o....... ....... 101*63
W m . H . T raver ..............................106-86 W . J. H ayes & Sons..........................10V2O
Street, W yk e s & Co ......................... 106‘ 77

The bends were awarded to Alfred B Chase. The securities
are of tbe denomination of $1,000 each, dated August 1.1897;
interest is payable semi-annually on the first days of Febru­
ary and August at the office of the City Treasurer of Hudson
and tbe principal will mature at the rate of $5,000 per annum
from February 1, 1914 to 1916, inclusive.
Tb“ total debt of tbe city of Hudson, including this issue,
is $335,000. The assessed valuation for 1896 is $5,074 581; the
real valuation is estimated at about $8,500,000. The popula­
tion is about 10,000.
Huntsville, a la . —B on d Sale.—Oa June 1, 1897, the$40,000
of 6 per cent bonds ot the city of Huntsville were awarded to*
W. R. Rison of Huntsville at a premium of $2,004. There
were eight other bids received. Tbe securities are dated July
1, 1897; interest is payable semi-annually on the first days of
January and July and the principal will mature Julv 3, 1927,
both principal and interest being payable at thp Mechanics^
National Bank ol New York City.
Ilytte I ark, Ohio.—B on d Sale.—The $4,143 80 of 5 per oent
street-improvement bonds of tbe village of Hyde Park were
awarded to Seasongood & Mayer of Cincinnati for $4,248 25.
Tbe
following bids were received:
Season good & M ayer, C incinnati..........................................I....................
......... $1,248 50
G erm an N ational Bank, C incinnati...................................................................... 4,229 70
Chas. H . T h u m a u er, C incinnati..................................................................... .
4,175 00

THE

1104
w ill
In di anap'
p te t# l

ittdian

&tt-Hu
MZQ&i \
W-J-

CHRONICLE.

[VOL. LXIV,

Li. a are of the ilanounnation of $414 Hi each, dated and R. L, Day & Go, of Boston at their joint bid of 107*08.
nt. ; i is payable annually and the principal The following is a complete list of the bids received:
' THou, X>oolfou A PrU>r. CJeve,
it !h rate of $414 38 per annum from May 25, B lak e B ro*. A Co. and R . h .
iusiv.

hut -B o tu I Sale ,—The following is a combids u c e i v e d for the $150,000 of 4 per cent
sfcty 'bonds:
. BoMc
}j. V

ThW Nat, Bonk, Boston...HSS.aeiOO

t.i!„oh A C u - Ctiie&KO I6S.S03 60
1 UUnoU T r . ,v S »v , B on k nod
M ason.
& Co .C M O ,. 167.88000
! N. w . H a rris & Co., C liitiw o I 6 d , m 00

' Indiana Nat. Bank. Indian s 160.776 ISO

iss.oso
The bonds were awarded to E. II, Rollins & Sons. The se, r;ti;« are of the denomination of $1,000 each, dated June 1,
1>.C icr.' r>
is payable semi-annually on the first days of
Janosrv and July, the first coupon being for one month's
Intense. The principal will mature January 1, 1927, both
r.riocii al and interest being payable at the office of Winslow,
Lanier & C o „ New York City,
Iowa City. Iowa.— B o m Sale.— Iowa City has awarded
$-10,000 of refunding bonds to the First National Bank of Chi­
cago -,t tb.-ir bid of '100*25 for the sccnrities bearing interest
at the rate of ll* per cent.
Jamaica, N. i’ -B o n d s A u th o riz ed ,— 'Th* Governor has
signed a bill authorizing the village of Jamaica to issue
laod.COO of road-improvement bonds,
Kati-ss City, Kansas.—B on d S ale.— Kansss City has sold
f-Pv.MJ of 6 per cent 30-year refunding bonds.
Kingston, N. ¥.—B on d s A u th o riz ed .— The Governor has
signed a bid authorizing Kingston to issue $150,000 of water
bonds.
KlttanniBg, Pa.— B on d E le c tio n — I t is reported that a
preposition to issue sewer and street-improvement bonds to
the amount of $21,000 will be submitted to a vote of the citiietJK of Kittanning on June 19,1897,
Lake County, Minn.—B on d O ffering. - Proposals will be
received until *3a o'clock noon, July 13, 1897. by this county
for the purchase of $20,000 of six per eent bonds.
Mahoning County, Ohio.— B on d O ffering.— Proposals will
be received until 10 o’clock A. M., June 10, 1897, by this
county for the purchase of $80,000 of 5 per cent bonds, The
eternities will be of the denomination of $1,000 each, dated
June 1,1897: interest will be payable semi-annusliy and the
principal will mature at the rate of $5,000 per annum from
June 1, 1901 to 1918, inclusive.
Maiden, R uss.— T em pora ry Loan.—Malden has awarded a
temporary loan of $50,000 to Blake Bros, & Co. of Boston at a
discount of 2-69 per cent. The loan becomes dus November 3,
1897. The following bids were received :

D ay vY- Co., B o s t o n .
.............107*090! C. H . W h ite & Co., N, T . . . . . . .
N. V. S ecurity & T ru st Co.. N. V .lOiLTSih j Illin o is T rust Co., O hiom ro.,.
S treet, W f lie s A Co,, N ew Tork.l"0-iJ50 i J. A \V.
& C o .. N. Y
K.
H . H ollins A Sons, B o s t o n .... Kw.ViH » | E stab rook A Co,. B o s t o n .. . . .
Fftitton, L each & Co.. C h ie A e o ..,,lo t?‘4601 W . J . H ayes A Sons, C i e v ....
R u d o lp h K ie y b e lte A Co., C m .... 106*^81 B lair A Go.. N. Y . ............

.100X37
.100*053
.105*733
.105*155

The securities are of the denomination of $1,000 each, dated
January l, 1897; interest is p yable semi-annually on the first
days of January and July and the principal will mature on
January 1, 1927, boto principal and interest being payable at
the fiscal agency of the city of Minneapolis in New York City.
.Mount Airy, N, C.— B on d Sate. — The town of Mount Airy
has disposed of water bonds to the amounted $35,000.
Mt, Morris, N. Y — B on d Sale. — The $5,500 of school
building bonds of Mt, Morris have been awarded to S, A.
Kean, of Chicago, 111,, at 100*03 on a basis of the bonds bear­
ing interest at the rate of 4 per cent, The securities are of
the denomination of $500 each; interest is payable semi-annu­
ally on the tenth days of June and December at the office of
Bingham Bros., Mount Morris, and the principal will mature
at the rate of 1500 per annum, beginning with December 10,
1897.
The town of M t. Morris has no other bonded indebtedness.
Its assessed valuation is $1,224,000, its real valuation is esti­
mated at about $2,000,000 and the population is estimated at
2,500.
Mount Vernon, Mo — B o n d Sale. — It is reported that Mount
Vernon has awarded $10,000 of water-works bonds to J. B.
Pooler t f Springfield, Mo,
Munising, Mich,—Rond S ale. — On May 31,1897, the $30,000
of 5 per cent water-works bonds of the village of Munising
were Bold to Jas. TV. Longstreet & Co. of Boston at 100*87.
The securities are of the denomination of $500 each, dated
May 1,1897; interest is payable annually at the office of the
Village Treasurer or at any bank in Chicago or New York,
as the purchaser may desire. The bonds will mature at the
rate of 810,000 every five years, beginning with Mav 1, 1907.
Napoleon, Ohio.— B on d S ale. —The following bids were re­
ceived for the purchase of the $24,000 of 5 per cent street im­
provement bonds of the village of Napoleon.
Western German Bank, €in..|2*i,0i8 00 1
James H. liana, North Tonawanda. N. Y ..... ............ 24,549 50 j opium tv w ., luicuo
. .... *n,uvi ou
O. C. Ewart. Nevada, Ohio.... 24,500 00 JFourtB Nat. Bank, Columbus. 24,240 00
Seasongood & Mayer, Clncin. 24,451 501

The bonds were awarded to the We stern German Bank of
Cincinnati, The securities are of the denomination of $1,000
and $50); interest is payable semi-annually on the first days
of January and Juiv at Napoleon, and the principal will
Rat, o/ iHsmunt. I
Rate of Discount, mature ^ fo llo w s : $23,500 at the rate of $3,500 per annum
It ski- hr a ( .. It*,-ton.......... 2'f-H I Blotpret, Merritt A Co.. Boston... 2-85 from July 1,1898 to 1908, inclusive, and $1,500 on July 1,1907.
r .on, A A!,-; i,-v. Boston .. ....,.-2-iJU ] R. i„ Day Co.. Boston,.......... . 2"S75
New Barbailoes Township (N. J.) School District.—
Cntto a V- : , . B.... o .. .. ...
; Editor.y & Crocker, Boston..— . 2--8
N>: * I
..
Ini-t C<>.. B, o u . i-r.-i [ Jus. W. Lout-street A Co.,Bio*to*B 2*93 B on d S a le. — The following is a complete list of the bids re­
i.M - <, o.'-vo.. i‘ ....... I E. H. Hollins & Sons, Boston__ e*i>5
ceived
on June 1, 1897, for the $13,351 of 5 per cent school
A - : t . - . It -o, - ................ ; to o. AV.Howland, Boston
.....63*00
n............ .
Cbos. Weil .tOo., Boston...........SS'OO bonds of this district,

-----I E. H. Gay & Co., Boston............ . 3*25
W. J. Hayes & Sous, Boston.... 104*790
* 1merest n.rnreo on aotuui 'lays, Out on a basts of a OOO-day year, t Payable Bertron & Storrs, N. Y .......... 100*140 The
Hackensack Bank.......... 104*000
C. Zabrtskle, Jersey City......... 1O0TOO
i - A--- York loud. t And $6 premium, i And 6150 premium.
Kdw. C. Jones Co., N Y. ....... 105*230 S. B, Demurest......................... 102*900
101*080
lenweU A _Ereritt,
. . N.
. Y..........‘
--------Miimaroneek, N. V.— Bonds A u th oriz ed — The village of Geo. W. Wlieeler......... . — ... 105*209 Benwe—
H. D. Wtnton
..........+Prem. $.68 83
Mamaroceck has been authorized to issue $25,000 of road and -----* For the boiuls bearing per cent Interest, f For §2,000 due l0oa~i9G7 bear­
bridge bonds.
ing ~i}4per cent interest.
SarlcopaCOBBty. A. T .— B on d O ffering. —Proposals will
The stcuritiea were awarded to Bsr;ron & Storrs. The

be received until 11 o’clock A. m., June 28, 1897, by Lee Grav,
Clerk of the Board of Supervisors, for the purchase of $30,000
of *1 per cent Ptojoix Union High-School bonds. The securi­
ties will I* of the denomination of $1,000 each; interest will
b« I ayabie annually and the principal will mature in twenty
yearn from date of is.-ue, subject to call after ten years. Both
principal and interest will be payable in gold at the office of
tin- Treasurer of Maricopa County.
Marion Comity, Ohio.—B on d Sale. — Marion County has
-Id 183,000 of 3 per cent 1-11J£ year diich bonds to SeasonK‘ • i <V -Mayer, of Cincinnati, Ohio, at 108'67, The interest
on tin- .reunites is payable semi-annually on the first days of
March nod September at Marion.
Marlboro, Mans.—B o n d s A u th orized . — High school boBds
to the amount of $65,n00 have been authorized by the Board
of Aldermen.
Meridian. Mb*,— B on d Sale.—The $50,000 of 8 percent
r»dr.k* br-mln offered by the city of Meridian on May 27,1897,
haw t ■en taken by E. ii. Rollins & Sons of Boston. The secohti** are ol the denomination of $1,000 each, dated April
interct-t is payable semi-annually and the principal
will mature April 1, 1917, both principal and interest being
payable at the Si altosrd National Bank of New York C-ity.
Merrimack C< nntjr, N. H.—B on d O ffering .— Proposals will
i.« uceived until 12 o'clock noon June 25, 1897, bv Warren
Ant
■vunty Treasurer, for the purchase of $85,000 of 4
t*'r/'• w h «d*. The m curitiea will be of the denomination
"" •, : lf each, dated June 1, 1897; interest will be payable
'« » '
> '• '•» the first days of April and October and the
: $2 - ) at the rate of $5,000
r- r at.oiira fretn October 1, W ‘3 to 19C0, inclusive, and $00,* <,i a: i. rv.*i of SO.CktO per annum from October 1,1907 to
intjufive. No bid for has than par and accrued interrst will Ik? oormfaeri»<l*
M 11w
^
Ih. — Tkm<h A u th orized ,---T h e Finance Computtee of th“ Girnmon Council has decided to issue $150,000

securities are dated May 1, 1897 : interest is payable semi­
annually and the principal will mature as follows: $1,351 in
1905 and $12,000 at the rate of $2,000 per annu n from 1906 to
1911, inclusive. The bonds are of the denomination of $500
each, except one bond for $331.
New Castle Conuty, Del.— B on d s P rop osed . — A bill author­
izing New Castle County to issue $300,000 of workhouse bonds
has been passed by the Assembly.
New London, Ohio.— B on d O fferin g, — Proposals will be re­
ceived until June 15, 1897, by E. A. Winebar, Village Clerk,
tor the purchase of $8,000 electric-light bonds.
New York City.—Ronds A u th o r iz e d . —The Governor has
signed bills authorizing New York City to issue $1,800,000 of
bonds for the construction of buildings under the Department
of Correction and $6,000,000 of dock bonds.
Norfolk, Ya,— Bonds D efea ted , — The citizens of Norfolk
have voted against a proposition to issue $100,000 of not ex­
ceeding 6 per cent thirty-year sewer bonds.
North Brookfield, Mass.— L o a n P r o p o se d .— This town has
under consideration a proposition to issue $10,000 in notes of
§1,000 each,
North Hempstead, N, Y .— B on d O fferin g.— Proposals will
be received until 3:80 P. it., June 31, 1897, by 8am’l Hooper.
Town Clerk, Roslyn, N. Y ,, tor the purchase of $45,000 of 4
per cent gold macadam-road bands. The securities w ill be of
the denomination of $1,000 each, dated July 1, 1897 ; interest
will be payable semi-annually on the first days of January
and July at the office of the Town Clerk, and the principal
will mature as follows: $25,000 at the rate of $1,000 per an­
num from July 1, 1902 to 1926, inclusive, and 820,000 on July
1, 1927. Each proposal must be accompanied by a certified
check for 10 per cent of the amount bid for,
The bonded indebtedness of North Hempstead, including
this issue, is $133,000. The assessed valuation is $4j088,000,
and the real valuation is estimated at about §10,000,000. The
population is about 9,000.
North Li tell field (111.) High School District.—Rond
Mlanespull,. Minn. — Bond Sale ,—The $400,000 of 4 per O ffering. —This district will sell $30,000 of 10-20-year school
"-nt wan r t-oadt. >r,d the $100,000 of 4 per cent school bonds bonds, bidders to base their offerings on the basis of the bonds
!“ ‘ *7 ■ ! Mir.iwapolis weri- awarded to Blake Bros, & Go, bearing 4, 4J4 and 5 per cent interest, payable annually.

J unIs 5, 1897.]

THE

C H K O N tC L E

Nyack, N. Y .—Sale P o stp on ed .— The New York “News
Bureau’’ reports that at the sale of the $165,009 of 4 per cent
water bonds of the village of Nyack on June 4, 1897, all the
bidders withdrew their proposals because the Water Commis­
sioners refused to read them as they were opened. The secu­
rities mature in thirty years from date of issue, with theright of the village to redeem not exceeding $5,000 per an
num after ten years.
Ogden, Utah.—B on d O fferin g .—Proposals will be received
until 4 o’clock P. M, June 12, 1897, by Edward H. Anderson,
City Recorder, for the purchase of $80,000 of 5 per cent fund­
ing gold bonds. The securities will be of the denomination
of $1,000 each, dated April 1, 1897 ; interest will be payable
semi-annually on the first days of April and October, at the
Chase National Bank of New York City, and the principal
will mature in twenty years from date of issue, subject to call
after ten years, Each proposal must be accompanied by a
certified check for 2 % per cent of the amount bid for.
The bonded debt of the city of Ogden at the present time is
$508,000. The equalized valuation for 1896 is $10,536,839, and
the real valuation is estimated at about $15,500,000.
Opelousas, La.—L o a n P rop osed . —The town of Opelousas
will issue water-works and electric-light notes, payable in ten
years, and bearing interest at the rate of 8 per cent.
Pafgaic County, N. J.—B on d s P rop osed .—The finance
committee of the County Board of Freeholders has recom­
mended an issue of $100,000 of court house bonds, $59,000 to
mature in 1902 and $50,000 in 1903.
Plainfield, Conn-—B on d S ale. —The following bids were
received on June 1, 1897, for the purchase of the $25,000 of
4 per cent highway improvement bonds of the town of
Plainfield:
E. H. R ollin s A Sons, B oston . ...105*032
■Geo. A . Fernald A Co.. B o s t o n ...105*030
Jas. W . Lontrstreet A Co., Bostonl04'520
Cushm an. Fisher A Phelps, B o s .104*371
D im e Savings Bank, B o s to n
103*940
B lod get, M erritt A Co. B o s t o n .103*990

I Street, W y k e s A Co., N. Y ...........103*820
I D ietz. D enison A Prior, B o s to n . 103-750
I F arson, L ea ch & Co., N. Y ..........103*500
I E stab rook A Co., B o s to n .............103*450
i Irvin g W o o d ....................................103*284
1 N. W . H arris A Co. B o s t o n ....... 103*020

The bonds were awarded to E. H. Rollins & Sons. The
securities are of the denominatioa of $500 each, dated May 1.
1896 ; interest is payable semi-annually on the first days cf
May and November and the principal will mature at the rate
of $5,000 every five years from May 1, 1908 to 1926, inclusive.
This loan is secured by a sinking fund and is part of an
authorized issue of $30,000, the remainder, $5,000, having
been sold in December, 1896.
Richmond County, N. Y .— B on d O ffering. —Proposals will
be received until 1:30 P. M. June 22, 1897, by the County
Board of Supervisors, Stapleton, N. Y„ for the purchase of
$190,000 of 4 per cent gold road-improvement bonds, each
bidder to state the rate of interest upon which his offering is
based. The securities will be dated June 1, 1897, interest will
be payable eemi-annually on the first days of June and De­
cember and the principal will mature June 1, 1922. The
securities will be of ,he denomination of $1,000 each and
will be issued in the form of coupon bonds, with the privilege
•of registration.
Bids will also be received in the Bame manner at the same
time atd place by the Board of Supervisors for the purchase
of $12,000 of 4 per cent gold road-improvement bonds of this
county. The securities will be issued in the same form as
those described above.
Proposals for each of the above issues must be accompanied
by a certified check for 2 per cent of the amount bid for.
The total indebtedness of Richmond County, including
both these issues, is $1,744,400; the assessed valuation for
1896 is: real estate, $20,540,153 ; personal property, $115,225 ;
total, $20,655,378. The population in 1892 was 53,452.
A p p lica tio n to R estra in the Issu e o f C ou n ty B on d s N ot
G ra n ted . —The New York Times of last Tuesday contained
the following item from Albany under date of June 1:
“Attorney-General Hancock has denied the application of
Messrs. Moller & Kneeland to have an action brought to re­
strain the County of Richmond from issuing bonds in excess
of 10 per cent of its assessed valuation, and to compel a cor­
rect statement of its bonded debt by the Controller and county
authorities.
The application was made some few days ago on the alle­
gation that the county, in bonding itself for the sum of $202,fiOO for water purposes would have more bonds outstanding
than were permitted by law. The Attorney-General bases
his denial on the ground that it is not a case in which the law
officer of the State should interfere because it is made at the
iDstacce of private individuals interested only in securing
such advantages to themselves as might grow out of his
actioc.”
Ridgeway and Shelby (N. Y.) Union Free School District
No. 12.—B on d O ffering.—Proposals will be received until 10
o’clock a., M. June 8, 1897, by tbe Board of Education, at
their office in the village of Medina, N. Y., for the purchase
of $19,000 of bonds of this school district, Bids are to be
made on the basis of the bonds bearing 5 per cent and 6 per
cent interest, payable annually or semi-annually as the Board
of Education may determine. The securities will be of the
denomination of $1,000 each, and will mature at the rate of
$1,000 per annum from November 1, 1898 to 1916, inclusive.
Each bid must be accompanied by a certified check for $1,000.
Sabina, Ohio.—B on d O ffering.—Proposals will be received
until 12 o’clock noon June 2t, 1897, by A. H. Mills, Village
Clerk, for tbe purchase of $30,000 of 4J^ per cent bonds. The
securities will be of the denomination of $750 each ; interest
will be payable semi-annually and the principal will mature
in from ten to thirty years from date of issue, both principal

1105

and interest being payable at the Sabina Bank of Sabina,
Ohio. No bid for less than par and accrued interest will be
considered.
St. Joseph, Mo.—O pposition to the R efu n d in g o f the
B on d s M atu rin g in 1903.—There have been registered with
State Auditor Seibert $823,400 of 4 per cent 20-year refund­
ing bonds of the city of St. Joseph. This attempt on the part
of the city to refund its outstanding 6 par cent bonds in ad­
vance of their maturity in 1903, is being vigorously opposed
by the bondholders in various parts of the country, who con­
tend that the bonds were issued without the privilege of re­
demption prior to maturity. At St. Louis an advertisement
has been published asking the holders of these bonds to
communicate with Albert J. Enright & Co. of St. Joseph,
or Wernse & Dieckman, Whitaker & Hodgman, William
C. Little & Bro. and J. G. Cahill of St. Louis.
Salem, N. J.—B on d E lectio n . —The Mayor of Salem ha3
recommended to the City Council that a proposition to issue
$30,000 of paving bonds be submitted to a vote of the people.
Salinas City. Cal.—B on d O ffering.—Proposals will be re­
ceived until 7:30 P. M. June 21, 1897, by John Kelly, City
Clerk, for the purchase of $40,000 of 5 per cent coupon im­
provement bonds. The securities will be of the denomination
of $1,000 eaoh; interest will be payable annually on the sec­
ond day of January and the principal will mature at the rate
of $1,000 per annum from January 2, 1898 to 1937. inclusive,
both principal and interest being payable at the office of the
City Treasurer of Salinas City. No bid for leas than par will
be considered.
Sandersville, 6a.—B on d E lectio n . —An election will be
held on July 14, 1897, to vote on a proposition to issue $18,000
of court-house bonds.
San Leandro, Cal.—B on d O ffering. —Proposals will be re­
ceived until June 21, 1897. by F. H, Williams, City Clerk, for
the purchase of $9,750 of electric-light bonds.
Scotland County, Mo.—B on d Issu e.—Scotland County has
issued $347,000 of
Per cent refunding bonds. The securi­
ties are dated June 1, 1897 ; interest is payable semi-annually
on the first days of June and December and the principal
will mature in from five to twenty years from date of issue.
Somerville, Mass.—B on d O fferin g.— Proposals will be re­
ceived until 8 o’clock P. M. June 10, 1897, by the Committee
on Finance, care of John F. Cole, City Treasurer, for the pur­
chase of $142,000 of 4 per cent city loan bonds and $25,000 of
sewer loan bonds. The securities will be of the denomination
of $1,000 each, dated July 1, 1897, and the interest will be
payable semi-annually at tne National Seourity Bank of Bos­
ton. The principal of the city loan bonds will mature part
yearly on July 1, as follows: From 1898 to 1901. $11,000
yearly; from 1902 to 1907,89,000 yearly; from 1908 to 1911,
$5,000 yearly, and from 1912 to 1917, $4,000 each year. The
sewer loan bonds will mature at the rate of $1,000 yearly on
July 1 from 1893 to 1922, inclusive. Tne debt of the city of
Somi rville, including this issue, is $1,154,000, and the assessed
valuation for 1896, $49,070,800.
South Dakota.—B on d Call.—On July 1,1897, the following
bonds will be redeemed by the State of South Dakota, on
and after which date interest will cease:
Deaf Mute School bonds of the denomination of $500 each,
issued May 1, 1883, Nos. 1 to 24, inclusive; University bonds
of the denomination ofS500 each, issued May 1,1885, Nos. 1 to
60, inclusive; Agricultural College bonds of the denomination
$500 each, issued July 1, 1835, Nos. 1 to 40, inclusive; Deaf
Mute School Dormitory bonds of the denomination of $500
each, Nos. 1 to 32, inclusive; School of Mines bonds of the de­
nomination of $500 each, Nos. 1 to 20, inclusive.
These securities were issued by the Territory of Dakota
and are payable at the Chemical National Bank, N. Y. City.
A m ore d etailed d escrip tion o f the above bon d call w ill be
fo u n d in the official ad vertisem ent elsewhere in this D e p a r t­
m ent.
Bond O ffering.

Springfield, Ohio.—
—Proposals will be re­
ceived until June 15, 1897, by tne ettv of Springfield for the
purchase of $3,000 of water bonds. The securities will bear
5 per cent interest, payable semi-annually, and mature in
twenty-two years from date of issue.
Stockton, N. 3 . — B on d O ffering. —Proposals will be re­
ceived until 8 o’clock P. m. Juae 7, 1897, by William H. Kensinger, Clerk of the Finance Committee, for the purchase of
$10,000 of 4 per cent coupon school bonds of the town_ of
StccktOD. The securities will be of the denomination of $500
each, dated July 1, 1897 ; interest will be payable semi-an­
nually on the first days of January and July, and the prin­
cipal will mature in twenty years from date of issue, both
principal and interest being payable at the National Sta te
Bank of Camden, N. J. No bid for less than par will be co nsidered and each proposal must be accompanied by a ce r
tified check for $200.
Summit, N. 3 .— T em porary L o a n .— A note for $1,000 has
been ordered to be dra.wn for discount in anticipation of the
collection of taxes.
Syracuse, N. Y.—B on d s A u th o riz ed .—T he Governor has
signed a bill authorizing the city cf Syracuse to issue $100,000
of school bonds.
Ihomasyille, (ia .—B on d s A u th oriz ed . —On May 20, 1897,
the citizens of Thomasville voted in favor of a proposition
to issue $35,000 of water-works and sewer bonds.

THE CHRONICLE.

i lua

Toledo, Ohio.— Bond Safe —The city of Toledo has sold
I ;.t S3 of 5 pt r com strtet-improvetneat bonds to the Sinking
Fund Ocnnoi: oionere o f that city,
t a!oa»tll(\ H o ,— Band Sate ,— The city of UnionviLie has
>! V u uf flectric light and water bonds to the NoelYoung Bond & Stock Co. of S . Louts at par, The securities
interest at the rate of 5 per cent and will mature A p r il 1,
J 9 -su b jec t to call after A pril 1, 1901.
Van A rrt County. Ohio. - B o n d Safe.— This county has
~ M $18,Mu of 3 per cent bonds at 109-18. The securities will
tru’ ttte as follows: .<*1,000 at the rate of $3,000 pep annum in
•i 1 and 1908 and 112,000 at the rate of #4,Otfe per annum
f r < r a 1909 to S9U, inciudvt*.
Vletor. Col.— Bond O ffering ,—This city asks for bids for
the purchase o f $50,100 o f w a t e r - w o r k s bonds.
Vincennes, lint.— B on d Safe.— The following is a complete
t»?t of the bid i received for ihw $33,000 of High School build­
ing bonds of Vmcennes,
.Premium.

Prtmriwn,
N. w . Hand# A Co . C h icago... $2,®?* M F arsou, L e a ch & Co,. Ohidag$..$l,7?3 00
U r n KftUotuft Hank. C h icago.. 2,0 0 3 do- 8 l»lu e r A Co,, T o le d o
......... 1.633 40
a P rior. C love.
S«A-oiiifootii & M ayer. G i n ....... 1.4 >0 00
i
K night, D o n n e lly & Co.............. 1.31150
Had* ipb K la tb oite A Co., C m . l.Hti* i » Indiana T ru st Go.. In d ia n a p olis 167 oi)
T h v t ^ a p f e d i t ffi»»*Co.,C lB T. 1,817 00 C. H. W h ite A Co., N ew Y o r k ... 108 70
. . . . . L.yl'J
Bdw. C. J o n e s Co., JSf, Y ............ .
102 50

The bonds were awarded to N. W , Harris & Co. The se­
curities bear 5 p> r cent interest and wilt mature at the rate of
$S,i (A* per auuum from 1907 to 1917, inclusive.
IVasnlngtoo, Fa.— Sale P o stp o n ed ,—The sale of the $80.000 of 4 per cent 1-13 year str«ct.improvement bonds of this
borough, which was to have tiken place on June 7, 1397, has
Ken indefinitely postponed.
Watertown, N. X.— B on d s A u th o r iz e d — The Governor has
signed a bill authorizim? an issue of water bonds
West t heater, Fa.— B on d hunt }.— John Thorp, President of
the Borough Council of West Chester, reports to the
O i a o x i C L F . that the $80,000 of water bonds recently author­
iz e . i have o r will ail be taken by local investors, The securities Kar 3> 1 per cent interest and will mature in thirty years
from date o> issue.
West MaiisJleld, Ohio,— B on d Sale ,— On May 31, 1897, the
•?l,5> y of 0 p.r cent 3-year average public building bonds of
West Macidtid were awarded to the Union Banking Co, of

____ NEW L OANS.
village

West Mansfield for $1,516 25 and accrued interest for 10 days,
Jas, W . Longstreat & Go., of B -s-on, bid psr and a premium
of §2 59 with accrued interest to date of delivery.
West Point, Miss. —B o n d S ale .—West Point has sold $20,,000 of 6 per cent water-works bonds to the Noel-Young Bond
& Slock Co, of St Louis. The securities will mature fro u
1907 to 1917, inclusive. The total d-bt of W .s ; Point is $77,000, The assetsrd valuation is $800,000 and the real valuation
is estimated at about $1,000,000. The p ipulation amounts to
about 3,800.
Wilkes liar re, P s.—B on d Sate .—The 8100,000 of 4J£p-r
cent refunding bonds of the city of Wilkes-Barre were
awarded as follows :
HUUUr.

Amount.

J. B. W a lla ce , W ilk e s-B a rre »....... .....................
A n d rew Baxter. W ilk e s B a r r e ............ .
...
J . A P. O’ D on n ell, W ilk e s -B a rre .....
Fiirstm, I .each & C o ., N ew Y o r k . . . . .. . . . . . . . . . .
P arson. Leaen &. Go,, Now Y o rk . . . . . ................ ..
e . u . W h ite & C o.. N ew Y o r k ............ ......................
R. 0 . Stanw i>0(1 & Go.. B o s to n .......... ..............
I>iek Brew. A Go,, P h iladelphia............ ....... ............
D ic k Bros. .& Go., .PM iadeljikia........ ................ . . .

SOUTH

FAR R O C K A W A Y , L. I.,

15 In,m i20 bo n d s
20 bon d s
20 bo n d s
. SO b o n d s
20 b o n d s

of
of
of
of
of
of

DAKOTA.

C. H. W H I T E & CO.,

*

K A N K K It S,

4

31 XAS8AU ST ., XJtW Y O R K .

MUNICIPAL,
RAILROAD,

WATER BONDS.

B r* - ' * * T ra •* .m*k /.f tli q V illa ge o t College
P-'-’- n i. 2». Y .. br>n uy Invite bids fo r t h ® w h o le o an y
rw*- <-f
tw-iH iy-ypar i m r per c m t
t -■'!* o f
viifftpe m n u t k o r u m b y C h apter

>

94■

'* 'bo !*•■»'-

' *’ * *
* tf’ ,*

- •'

<f

STREET RR.

■ ;

BONDS

at th e ir t o ?.* m l ‘ optH»nbausen InsM *'
v ., u p j/, 3 o ’c lo c k P . M , J u n e
. % ' -n ■! Phfefe all bid* w ill ?>@ open ed .
’ ' *’ ■»> u u «a ie d i by ii certified

' ’ -•• - r f •*•' r r ' " ’- o f the am ou n t bid
* ^ *r
■- */ ' 4 7 th e b id d e r o n o r
f '
l r **'*
•
' lh, I * .c , a t th e N inth

1' ; ’ .

AND

state c .4 New York of 1893

* : Mr-.vlway, N.;-w Y<>rk. when and

103^82

10 *3-1937
1903- 1037
1007-1027

5,100

1 0,000

102-75
10P75

1012-1027

m ooo

20,000

m

1017-1037
1032-1027
1037

20,COO
20,000

111-55
113*50

___ INVESTMENTS,
City o f Boston, M ass,, K eg....... ............... 3 i4
City ot Cleveland, Ohio, Coup, or R e g ...4 s
City o f Biugham ptou,N .Y .,C o«p. o r R c g .l s
City o f New Bedford, M ass., R e g ........... 4s
M iddlesex County, M ass., Coup...............4s
A fu ll d escrip tion o f e ith e r o f th e se issu es, w it h
prices, w ill be m ailed o n ap p lication .

E. H. ROLLINS & SONS,
19 M ll.lv ST R E E T.
BOSTON.

LISTS MAILED ON APPLICATION.

.

.

.

.

MASS

ADAMS & COMPANY,
BANKERS'
D E A I.E R S IN

INVESTMENT BONDS,
Members of Boston Stock Exchange.

No. 7 Congress and 81 State Streets,

BOSTON.

N. W. H A R R I S & CO.,

B A N K E R S,
31 X Sr<AU ST. (Bank o f Commerce Bldg.).

G overnment a n d
M unicipal Bonds
O FFER
First M ortgage M unicipal 5%
24,4- Y ear Marlcct-lIouHe Bonds of
M EM PHIS, TENN.
NEW LIST OF

City and County Bonds Just Published.

W. N. Coler & Co.,
BA N K ER S,

BOUGHT AND SOLD.

4

4,000

P r ic e .

1927

Of the total amount issued, $70,000 will be devoted to sewer
construction, $10,000 to fire depxrtment improvement and
$20,000 to street improvement.
The bonrted debt of Wilkes-Barre, including this issue, is
$493,700 ; fixating debt, $53,730 : total debt, $547,436. The
cash in the treasury at the present time amouars to $35,730 ;
other available assets, $93,606; lotal resources, $119,386 ; net
debt, $438,040, The assessed valuation is $6 877,871 .; the real
value is estimated at about $35,000,000. The population in
1890 was 83,000, and at thp present time is estimated at about
511,000.
Wilmington, Del.— B o n d Sale, — The following is a com­
plete list of the bids received on May 39, 1897, for the $15,000
of 4 per cent sinking fund bonds of the city of Wilmington:

P i EBJtB, S. D., J u n e J, 1897.
N otice is hereby g iven th a t the fo llo w in g -d e s crib e d
T erritorial m ow State o f South D a k ota ) B o n d s are
called f o r paym en t o n J u ly 1st, 1897, o n and a fte r
N'-tie-*? .te h ereb y g iven th at bon d s o f O ne T liou w hich d a te in te re s t will cease.
****■! B oJJw i each a t th e V illa ge o f Far B o c k a w K ft:
Issued M ay 1st,
fo r th e co n s tr u c tio n oi' S ch o o l
to the jUBOQBt o f T h ir ty -five T h ou san d D ollars. l o r D e a f M utes a t S io u x Falls, N um bers 1 to 54, b o th
tH«xiag tlale Ju n e 1st, 1807, paya ble O ne T h ou san d
loclualve, o f $500 each.
D®it*ra eaeb ■y ea r a f t e r t h e i m a e t h e r e o f f o r tw en ty
Issued M ay 1st, 1853, f o r th e co n stru ctio n o f th»e
years, and 1 llte*yo T h ou san d D ollars o n th e tw e n ty main b u ild in g o f t h e D a k ota U niversity at V erm il­
fir* t, year a fte r th e Issue th e r e o f, w ith in terest p a y a ­
lio n , Mum bers 1 t o 6o, b o th Inclu sive, o f $500 each.
ble ‘ Jiffiirannually at 5 per cen t. Issued in pursuan ce
Issu ed J uly 1st, 1-85. f o r co m p le tin g th e A g ricu l­
G i law aaxhortalug th e raising o f th e gum o t T h lr t y tural C ollege at B rookings, N um bers 1 t o 40, b oth
b v e 'Thousand D ollars in annual instalm ents as an
in clu sive, o f $500 each.
extraordinary o x p e o d ih ir e fo r th e pu rp o se o f and t o
Issued J u ly 1st, 1888, i o r th e co n s tr u c tio n o f
be exp en d ed In tn elin p rov em en t.o p e n ln g and repar­
D o rm ito ry . k c „ School fo r D e a f M utes, N um bers 1
a tion >j { the streeta and aven u es o f th e V illa ge o f
t o 32, b o th in clu sive, o f $500 each.
Far ltc*cl»Wtty, w ill be gold b y the T ru stees o f said
Issued Ju ly 1st, 1885, f o r co n stru ctio n o f S ch o o l o f
V illage, with accrued Interest th ere o n , to th e high est
M ines at R a p id City, Num bers 1 t o 20, b o th in clu siv e ,
u m m . at Ptthlis Mile at th e V illa ge H ail, in the
o f $504 each.
V illage o f Far Bocfc&way, 2J, Y., on th e 7th d a y o f
T h e a b o v e described Bonds w ere issu ed b y th e
I t P7, at *;iW o ’c lo c k to th e a fte rn o o n o f thar
T erritory o f D akota, am i are payable to bearer a t
**T+
th e C h em ical N ational B ank In the City o f N ew Y ork.
ftsdd bobd * ca n n ot he lega lly sold t o r less tbiyi par
K IR K G. P H IL L IP S ,
•and & m rn e4 Interest,
T reasurer o f State o f South D akotafJ*M4 M m 17 th, f f l t .
BKf < K IK iLsjT L. C A R R O L L . President,
W A T K IN W . JO N ES,
j
T H O M A S LE I TCI I.
<T rustees,
IS. A L T H A G 8 K . J n ..
j

ssi 1 ,0 0 0
^iilage of College Point, N.Y.

10*13-1:027

S ,00 far'b, re d eem able .1 iUK, l , 1902, pnynl.il,- J u n e 1, 192V.
#500 papb, re d eem able J u n e 1 ,1907. pa ya b le J a n e l , 1027.
*1.000 eaoli. red e e m a b le J a n e 1 ,1 0 ,2 , payable J u n e 1. 1927.
$i,000 eaeb, red e e m a b le J u n e 1, 1917. p a y a b le .Juno 1 , 1007.
* l,0 0 i eaeb, red e e m a b le J u n e i, 10S2, p a ya b le J u n e 1, 1927,
#1,000 eaeb, payable J u n e X, 192-.

5 IMPROVEMENT BONDS.

H. G . 1USYSON, V illa g e Clerk.

1902-

The loan is issued in the following form :

BOND CALL.

of

M at. urU it.

ito o
700

26 b o n d s o f $100 e ach , redeem able J u d e V, 10 02 , p a y a b le Ju n e 1,1927.

NEW LOANS.

^ 3 5 , 0 0 0

[VOL. IxXIV,

MUNICIPAL BONDS

S e c o n d -H o o d S et o f C h ron icle V o lu m e s, from
1W 6 to lays, f o r sale.
W I L L I A M B. D A N A C O M P A N Y .
7m P ine Street, New Y ork.

34 NASSAU STREET.

THE

J une 5, 1897.]

1107

CHRONICLE,

1897, by means o f a special report to the C h r o n ic l e from
William M. Snell, County Clerk.
The county will offer for sale on June 1, 1897, $40,000 of 5
per
cent 15-year refunding bonds.
* F o r 16,500.
County
is Sault Ste. Marie.
The securities were awarded to Farson, Leach & Oo. The Bonded debt,seat
May 1. ’97. $142,000 I Actual value (est.)........ $6,944,260
bonds are of the denomination of $100 or multiples thereof Floating debt.................. 32,976 |Population In 1890 was...... 12,019
and will mature October 1, 1925.
Total debt May 1,1897.. 174,976 I Population in 1897 (est.)... 18,000
W olfboro, N. H .— B on d Sale .—The village of Wolfboro has Equalized valuation, '96.3,475,998 I
sold $6,000 of electric-light bonds.
York City (P a .) School D istrict.— Bond Sale .—On June 1,
Newport, K y . —Edward Biltz, Mayor.—The following re­
1897, the $80,000 of i per cent school bonds of this district port of the financial condition of Newport has been corrected
were awarded to W. J. Hayes & Sons of Cleveland for $31,269.
to April 1, 1897, by means of a special report to the
The securities mature in from nine to eighteen years from up
C h r o n ic l e .
date of issue.
Youngstown, Ohio.— B on d Sale .—'The following is a com­
Newport is situated iu Campbell County.
plete list of the bids received for the $3,200 of 5 per cent
S
I
—
LOANS—
When Due.
street-improvement bonds of the city of Youngstown:
B
B
5s. var., $118,100...................1919
Farson, L ea ch & Co., N. Y .........
R u dolp h K leyb olte & Co.. N. Y .
C. H . W h ite & Co.. N ew Y ork. .
E quit. Guar. & Tr. C o.,W ilm ing.
R . R . R ob in son , W ilm in g to n ...
E vans & Co., W ilm in g to n .........

106*250 I W . J. H a ye s & Sons, C leveland. 103*310
105*220 H e y l & M ayer, P h ila d e lp h ia ... 103*170
101*630 E d w . C. Jon es Co., P h iladelphia 103*150
101*000 ] S co tt & Co., W ilm in gton ............ 102*630
103*590 I J. R. M oore & Co., W ilm in g to n 102 020
103*350 W m . M. Steven son . W ilm in g t’n*lO0*500
Jas. W . L o n g stre e t & Co., B ost. 100*025

treet

r id g e

F irem en ’s
P en sion
Fund.
Y o u n g s t o w n ............................ $3,280 00
G erm an N ational Bank. C in ... 3,259 00
Chas. M. Th urnauer. Cin.......... 3,228 00
F ou rth Nat. Bank, C olum bus.. 3,225 00
S eason good & M ayer, C in c in .. 3,221 75

m provem ent

onds

56, J&J, $37,000.................... 1911

1C. H . W h ite & C o . N ew Y o rk .$3,220 70
R u d olp h K le y b o lte & C o „ Cin. 3 .2!8 18
I D ietz, D enison <fc P rior, C le v .. 3.203 25
I S. A . K ean, C h ica g o ................... 3,200 CO
F arson, L e a ch A Co., C h icago. 3,200 00

W a t e r B on d s—

F lo o d B on d s—
73i0s, M&N, $258,000............ 1901
5s, J&J, $50,000.................... 1904 7310s, M&N,
190,000..........1902
F u n d in g B o n d s 73l 0s, M&N,
180,000..........1903
5s. A&O, $52,500.................... 1913 5s,
M&N,
92,000..........1914
P u b l ic L a n d in g B o n d s —
Total debt Apr. 1 ,1 897.$1,104,100
8s, Aug., $5,000............... ..1900 Sinking fund assets__
17,000
8s. J&D. 30,000.................... 1900 Net debt Apr. 1,1897... 1,087,100
R e d e m p t io n B o n d s —
Tax valuation, 1897.... 10,881,402
5s, J&J. $81,500.........
1906 Tax rate (per $1.000).......... $24-05
R e f u n d in g B o n d sPopulation in 1890 was___24,918
58, F&A, $10,000....................1914 Population in 1897 (est.)...30,000

Tbe bonds were awarded to the Firemen’s Pension Fund of
Youngstown. The interest on the securities is payable semi­
annually and the principal will mature as follows: $1,000 on
October 1, 1898; $1,000 on October 1, 1899, and $1,200 on
October 1, 1900. Both principal and interest are payable at
the office of the City Treasurer of Youngstown.

Wabaunsee County, K a n sa s. —The following financial
statement of Wabaunsee County has been corrected up to
May 1, 1896, by means of a special report to the C h r o n ic l e
S T A T E AND C IT Y D E B T C H AN G ES.
J. R. Henderson, County Clerk,
We subjoin reports as to municipal debts received since from
County
seat is Alma.
the last publication of our S t a t e a n d C i t y S u p p l e m e n t .
LOANS—
When Due. Tax valuation, railroads. $559,217
Some of these reports are wholly new and others cover items R
A
B
—
Total valuation 1896___2,860,068
7s,
July
1,
$138,700.
July
1,1910 Total tax (per $1,000).........$41-70
of information additional to those given in the S u p p l e m e n t Total debt May, 1,1897. $138,700
Population 1890 was.......... 11,720
Tax valuation, real........ 1,775,529 Population 1896 w a s..........11,893
and of interest to investors.
Tax valuation, personal. 525,322
Chippewa County, M ich.— The following financial state
ASSESSMENT.—Real estate is
ment of Chippewa County has been comcted up to May 1, value and personal property on *o. assessed on a basis of 15 aotual
a il r o a d

id

onds

IN VESTM EN TS.

N EW LOANS.

IN VESTM EN TS.

Investment Bonds

WHANN & SOHLESINGER

State, Municipal, County, School

FOR

New York Savings Banks
and Trustees.
L IS T S

SENT

UPON

B O N D S.

MUNICIPAL

Legal In vestm en ts f o r Savings Banks in N ew Y ork
and A ll N ew E ngland.

Rudolph Kleybolte & Go.,

BONDS.

A P P L IC A T IO N

M E M B E R S O F B O ST O N A N D N E W Y O R K
STOC K E X C H A N G E S .

R. L. DAY & CO.,
4 0 W a te r Street* Boston.
7
Nassau Street, New Y ork.

2

0

,

0

0

W A L L STREET.

NEW

YORK.

O

B A N K E R S ,
N. W . C or. 3d & W a ln u t Ste.,

Cincinnati, Ohio.

M ills

&

B lanchard,

BANKERS.

NEW LOAN
1

2

HIGH GRADE

M U N IC IPA L BONDS

41 and 4 3 W a ll S t. and
4 7 E x ch a n ge P la c e , N. Y . C ity .
L I S T S W A IL E D UPON A P P L IC A T IO N .

GO VER N M EN T,
MUNICIPAL,
S T E E T R’W A Y

B O U G H T A N D SOLD.

C I T Y OF

D e v o n s h ir e

B u ild in g .

QUINCY, MASS., 4s.

10 State Street, Boston, Mas.,

P R IC E ON A P P L IC A T IO N .

M UNICIPAL BONDS.

BONDS.

Edward C. Jones Co.,

Farson, Leach & Co., E. C. STANWOOD & Co.,

421 CHESTNUT STREET,
PHILADELPHIA.

C H IC A G O ,
1 15 Dearborn St.

M O R TG AG E LOANS

NEW Y O R K ,
2 W a ll St

$155,000

Territory of New Mexico 5s,
Issued
States
value,
regard

un d er and con trolled b y a ct o f the U nited
Congress.
P op u la tion . 200,000. A ssessed
$41,140.802. D ebt less th an 3 per c « * t . W e
equa lly strong as bon d s o f th e G overn m en t.

D U E 1 0 -2 0 AN D 2 0 -3 0 Y E A R S .
P rice an d particulars upon application.

MASON, LEWIS <& C O .f
B A N K E R *,
B O S T O N : W o rth in g to n B ld g ., 31 S ta te St.
C H IC A G O : 1 7 1 D a S a lle St.

SAFE INVESTMENTS.
SE N D F O R L IS T

City and County Bonds.
D IE T Z , DENISON & PRIOR,
35

CONGRESS S T R E E T . . B O STO N .
1 0 0 S o .e rlo r Street. Cleveland O.

BAN K ERS,

121 Devonshire Street,
BOSTON.
L IS T S SEN T UPON A P P L IC A T IO N .

1 NASSAU STREET
NEW YORK.

IN

TEX AS.
I n te r e s t 7 P e r Cent N et.

W. J. Hayes & Sons,

NO COMMISSIONS charged borrower er lender
until loans have proven good.

BANKERS,

FRANCIS S M IT H & CO.,

DEALERS IN MUNICIPAL BONDS,

BAN A N T O N IO . T E X A S .

Street R ailw ay B on ds, and o th e r h igh -grad e In­
vestm ents.
BOSTON. M A S S.,
C lev ela n d , O h io,
7 E x ch an ge Place.
3 1 1 -3 1 3 S u p e rio r St.
Cable Address, “ K E N N E T H .”

James N. Brown & Co.,

Blodget, Merritt & Co.,
BANKERS

BANKERS
6 2 C ed ar S tre e t,

-

-

NEW Y O R K

MUNICIPAL, COUNTY, SCHOOL AND
TOWNSHIP BONDS

BOUGHT

AND

SOLD.

Edward I. Rosenfeld,

16 Congress Street, Boston.

M U N IC IP A L S E C U R IT IE S .
H ig h -G r a d e W a r r a n t s a S p ecia lty

STATE CITY & RAILROAD BONDS.'

No. 66 Broadway, New York.

W rite f o r List.

[VOL. LXIV.

THE CHRONICLE.

1108

Oil City, Pa.—The following financial statement of Oil
C:ty ! 3 ^ ,l *‘n corrected up to April 6, 1897, by means of an
officia l report to the CHRONICLE from S. W . Barnhart,
C om ptroller,

Tbi* city is in Venango County

Bonded debt Apr. C. '9 7 . $75,000
Floating d ebt...................
13,030
Total debt A pr. 6 ,1 8 0 7 ..
01,800
Water debt (included)...
51,000
T ax v d nation. r e a l........ 2,093,540
Total valuation,person'l.
------------~----------- -- ,215.595
i Total valuation 1897 -----2,309.135
i A ssc.vsnn-ut is
actual value.
Total tax (per $1,000) *96...$38*00
I Population iu 1890 w m .......10,932
|Population In 1880 was....... 7,315
! Population in 1897 (ost,lm.).13,000

LOANSWhen Due.
o 11 B in u n so Bonds—

4«,
$18,000. ...S ep t. 1 , 1897
t$1 .(«►**j o <•vr*.ariy} to Sept. 1 ,1 914
u u -C t r r ft,m ,H im Hoxtw*—
ft*. MAS. $ 9 ,0 0 0 .... 8«pfc 1. 1897
t*2.i.w d«i> veigrly) to Sept. 1, 1899
W , - i, H , ; , \ MA S, sift.Ot'Hl___Sept. 1, 1897
,*£t tarn due Vearly) to Sept. 1. 1901
M is , $36,000....... Sept. X, 1902

St. Joseph, Mo.—The following financial statement of St.
Joseph has been corrected up to April 19, 1897, by means of
an official report to the C h r o n ic l e from M. M. Biggs, City
Comptroller,
St. Joseph ia the county seat of Buchanan County. The
city has no water debt but pays an annual rental for water
purposes of $30,COO.
«_QANS—
W h e n D u e . N et d ebt A p r.1 9, ’9 7 - .$1,233,740
T ax valuation, r e a l___15,506,960
FPSiusn—
T a x valuation, p erson'l 7,206,015
Total valuation 1890—.22,712,975
Assessment about to actual value.
T ax rate (per $1,000). -----$28*00
P opulation in 1880 w a s— 32,431
Population in 1890 w a s___ 52,324

V i,, FA A, $ 3 2 3 .4 0 0 ... Aug. 1 ,1 9 0 3
is , FA A, 4 2 1 ,5 0 0 - Jan. 4 ,1 9 0 1
Past-due bonds not pre­
sumed ............................
$5,600
Bonded debt A pr. 19 ,’ 97.1,250,500
16,760
Sluicing fu nd.....................

LOANS—
T ow n N otes—

li'Aen D u e .

4 b............. $ 5 ,400........ 1898 to 1903
($900 due yearly mi Feb. 1.)
■is, .......... $ 3 ,0 0 0 ........ 1807 to 1899
<$1,000 duo yearly ou May 1.)
-Is, .......... $ 1 ,604____ 1898 to 1900
($500 due yearly on Mar. 1.)
•is, ______ 3 8 .300....... 1807 to 1905
($700 due yearly ou July 1.)

___
_
When Due.
LOANSoT
e s —(Con.)
T.'owN
own N o
te
4s, $ 2 ,5 2 0 ......... ....O u demand

3198, 5,000..................On demand

Total d ebt Mar. t , 1897. $34,241
T a x valuation 1896......... 2,728,113
Asmv.smetit about % actual value.

Total tax (per $M)00>.........$18*00
Population in 1895 was.........4,424
Population In 1890 was.........4,081
S a u It Ste. M arie, M ic h ,— W m . W eb ster, Mayor. T he f o l ­
lo w in g finat cial statem en t o f S a u lt Stc. Marie has been c o r ­
rected up to A rii 1. 1897, by m eans o f a special rep ort to the
C h r o n ic l e fro m G. G, S cra n ton , C ity C om p troller.

This city is iu Chippewa County
LOANS—
W hen D ue.
LOANS-

G e n e r a l St r e e t I m pko vk m ’t—

6s, MAS, $2 9,00 0___Bopt. 15,1908
P a y in g b o n d s —

6s, A ug. 1,$-1,000.......Aug. 1 ,1 8 9 7
Os. FA A , 3,483. Aug, 1 , 1898-’04
r e f u n d in g

B on d s—

6s, MAS, $ 1 1 ,0 0 0 ..-S e p t . 15,1908
5s, A A O , 3 0 ,000....... Apr. 1, 1917
S e w e r B on d s—

6a, g . . . .
4s, tt-----

$4,000 g ...O o t . 1, 1897
612 g ...O c t . 1, 1897

W a t e r B on d s—

6%S, FA A, $ 3 2 ,0 0 0 .-A u g . 1 ,1 8 9 7
($4,000 duo yearly) to Aug. 1, 1904
Os, MAS, $ 1 0 ,0 0 0 ....Sept. 1 ,1 8 9 7
6s, J&J, 20,000.......July 1, 1911

When Due.

W a t e r B o n d s — (Con.)
6 b, MAN, 30,000.......Nov. 1 ,1 9 1 3
Interest payable in New York.
Bonded debt Apr. 1, *97. $174,095
Floating d e b t...................
6,000
Total debt. A pr. 1, 1897. 180,095
W ater debt included.......
92,000
Special assea. bonds ln ot
12,095
T a x valuation, real......... 4,555,567
l a x valuation, personal. 711,699
T otal valuation, 1897___ 5,267,266
Assessment about actual value.
Total ta x per $ 1 ,0 0 0 .............$18*00
P opulation in 1890 was....... 5,760
P opulation in 1894 w as....... 7.246
P opulation In 1897 (est)___ 10,000

TA X FREE.—All the bonds of this city are exempt from taxation.
N o r fo lk , N eb.— A lex a n d er Bear,
— T he fo llo w in g
financial report o f the C ity o f N o rfo lk has been corrected up
to A p ril 1, 1897, by m eans o f a special rep ort to the C h r o n ­
ic l e fro m J. C. Still, C ity C lerk :
•Tbe $823,400 o f 6 per cent bonds have been called fo r p aym en t on
N orfolk is situated in M adison C ou n ty.
August 1 , 1S97, and 4 per cent 20-year bonds are to b e issued to re­
LOANSWhen Due. F loatin g debt (a bou t)....... $2,000
fund them. (See CHRONICLE o f May 1 5 ,1 8 9 7 , page 969.)
F ir e D epartm en t —
T otal d eb t............................ 72,000
IN T E R E S T is payable In Now Y ork a tN ation al B ank o f Comm erce 6 b, J&J, $7,000.......Sept. 15, 1902 Sinking fu nd assets (abt.). 3,500
D E N O M IN A T IO N .—Bonds o f this c ity are o f the denom ination of 6a, FA A, 7,500.......Aug. 24,1911 Net debt A pr. 1 ,1 8 9 7 ....... 68,500

$100, $500 and $1,000.

Warren, Mags.—The following financial statement of the
town of Warren has been corrected up to March 1, 1897, by
means of an official report to the C hronicle from Chas. B.
Blair, Town Treasurer.
This town ia in Worcester County.

&

F unding b o n d s —
6s, F&A, $7.500.......A ug. 24, 1911
Se w e r B onds —
6s. J&J, $8 ,000....... Sept. 15, 1907

W ater d ebt (in clu ded )....... 40,000
School dist. debt (a d d !.)... 30,000
T a x valuation, rea l............ 237,266
T a x yalnatlou, p erson al... 81,954
W ater bonds —
T otal valuation 1 8 9 6 ......... 319,220
6s, Nov,, $40,000....................1913 Assessm ent about ' 10 actual val.
S ubject to call.
T ax rate (per $ 1 ,0 0 0 )......... $73*45
Int, Is p ayable at Now Y ork City. P opu lation in 1890 w a s....... 3,038
Bonded debt Apr. 1,1 8 9 7 .$ 7 0 ,0 0 0 P opulation in 1897 (est.).......5,000

M IS C E L L A N E O U S .

F IN A N C IA L ,
H a ig h t

Miyor.

1850.

F reese,

NEW Y O R K . S 3 B R O A D W A Y ;
BOSTON, S3 STATE ST .j
P H IL A D E L P H IA , 4 0 ‘i W A L N U T ST.

M IS C E L L A N E O U S .

1897.

The United States Life
Insurance Co.

Stock*. Bonds. Grain, Cotton. Provisions
bought and sold for cash or ©n margin o f 3 to 5 per
cent. Commission 1-18.
IN TH E C IT Y OF NEW Y O R K .
Write or call for our "400-PAGE SECURITY
MANUAL", conceded by Banks, the Press and
A ll policies now issued by this Company
Boards o f Trade throughout the country to be the
moat condensed and statistically reliable pub­ contain the follow in g clauses i
lication ever Issued by any Banking House. Gives
“ A fter one year from the date of issue,
range of prices o f stocks, wheat and cotton for ten the lia b ility o f the Company under this
to thirty years, enabling investors to operate on
policy
shall not be disputed,”
their own Judgment, based on facts to be found in
the Manual, which is invaluable to business men
“ This policy contains no restriction
generally, enabling any one to Invest money, keep­ w hatever upon the Insured, in respect
ing the principal intact and make it pay an income,;
either o f travel, residence or occupation.”
ISSUED GRATIS AND MAILED FREE.

An Old Favorite With New Features,

THE

L IV IN G

AGE,

Founded by E. L lttell In 1 8 4 4 .
I n 1800 th e su b scrip tion price o f T he L i v i n g A g e
w hich had b e e n E igh t D ollars a year, w as red u ced t o
S ix D ollars. T h e effect o f th is c h a n g e w as to a dd
hu n dreds o f n e w n am es t o th e su bscrip tion lists.
E n cou ra ged b y th is respon se th e publishers n ow
tak e pleasure in an n ou n cin g several n ew fe a tu r e s o f
Interest w h ich th e y p r o p o s e t o in tro d u ce . These
in clu d e

A ll Death Claims paid W IT H O U T D IS ­
DETERMINING TH E FIN A N CIAL R E ­
SP O N SIB IL IT Y OF TH E F IR M W IT H COUNT as soon as satisfactory prools have
W H ICH Y OU DEAL IS AS IM POR TAN T been received.
AS SELECTING TH E R IG H T STOCKS.
ALctlve and Successful A.gents, w ishing to
New York, Boston and Philadelphia National Bank
represent this Com pany, m ay com m uni­
Reference* Furnished.
cate with the President, at the H om e
First, the publ1 atlon o f occasional trans­
UPTOWN O F i a C E . p l B R O A D WA Y .
Office, 2 6 1 B roadw ay f New York.
lations from the French, German, Span­
ish and Italian review s and m agazines.
officers:
Second,
the addition of a Monthly Supple­
GEORGE H. B U R F O R D ............... Fresldenl
(1 P. FR ALE IG H ,..,.................... .........Secretary
ment containing three departm ents,
A. WHEELWRIGHT............... Assistant Secretary
nam ely:
^

. c i l l U

/ G

^

e ' u

C

C

i

BAN K ER S,

18

WALL

STREET,

NEW

YORK

E«tobll»hed 1 8 6 «.
MEMBERS OF NEW YORK STOCK HXCHANG
Allow |n|«re*t on deposit* subject to sight oheo*
Buy and net! on commission stocks and bonds aitbc
lor cash or on margin, and deal In
In v e stm e n t S e c u ritie s.
B J. Work*. Okas . D Marvin . w, M, kidtibh

WILLIAM T. STANDEN,.......... ................ Actuary
ARTHUR 0. PERRY.................Cashier
JOHN P. MUNN,................ ..Medical Director
FINANCE COMMOTBB:
GEO. G. WILLIAMS...........Pres. Ghem, Nat. Bank
JOHN J. TUCKER............... ...................... Builder
13. H. PERKINS, .Tb., Pres. Imp. A Traders’ Nut. Bk
JAMES R. PJAJM,.. . . . . . . . . . . . . . . . . . . ......./L eather
'g n 0 t t i c r r s .

F R A N K L IN

H A L L ,

S

w

J S s SSI l 10**

b o s t o n

STOCKS

,

m a s s

.

Strassburger,
&

BOYDS

B R O K E *

BOOTHJEW? INVESTMENT SECURITIES,
M o n tg o m e ry ,

A la .

M GiSTKKBD PBIOR LESS BONDS

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