Full text of Commercial and Financial Chronicle : June 6, 1896, Vol. 62, No. 1615

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REPRESENTIN' } CflK I.VDUS TRf.VL AND CO\L\IERCIAL INTERESTS OP TH E UNITED STATES.
[E at. » l .ta •. r It i» {•> v -t -it C r a ; * . , in the y*?ar H 3 6 . i>y the W il lia m b . D a s a Cojlpany , In the office o f the L ibrarian o f C ongress.]

SATURDAY, JUNE 6, 1896.

VOL. 62.
% \xz

T h e w e e k ’s to ta l f o r a ll c itie s s h o w s a lo ss o f 13 U p e r c e n t
fr o m 18S5,
T h e e x c e s s o v e r 1894 is 0 '7 p e r c e n t a n d t h e d e ­
c lin e f r o m 1893 is 32'5 p e r c e n t. O u tsid e o f N e w Y o r k t h e d e ­
c re a se c o m p a r e d w ith 1895, is 10-1 p e r c e n t , th e loss f r o m 1894
is 1*8 p e r c e n t , a n d th e loss f r o m 1893 r e a c h e s 2 0 ‘3 p e r c e n t .

C h c o u ic le .

m iW

C LE A R IN G HOUSE R E T U R N S.
PINE STREET

F o r th e

N. W . CORNER OF PEARL ST R E E T. N, Y.

m o n th o f M a r a n d th e fiv e m o n th *

th e e x h ib it

it a s f o llo w s :

1895,

p .a .

1896.

Philadelphia......

Pittsburg.......... .
B a ltim o r e ..........
Buffalo,. . . . . . . . . . . .
W ashington-..#...
11.7 7j-W.27-: -f‘2‘4 Rochester,,
1,378. 111. ill
S yracu se..
fUUJ
286,31x311
k78.H-7.727 ; +8'0 Scranton...
•*3,952.873 : X t>2 W ilm ingtonNP,0il,17J: 1 -Hid Binghamton.
Total M id d le....
32. "8.011 -rl*7

1895.

P.Ct.

—17 4 11985.W llO
UWi.nw.om
»?6J 15.989
30 -,019.10s
S81.027.512
18,740, ISO
B u ffa lo ......
4*4,24ATOt
9/*29,70'’ -4*1
Wmbiagum
6,835,8X7
8*4,8>“,4- 8
2S.lHi.318
&i, 192.011 +4*9
4.202.- 40
S yracu se.
k.tm 24C tS A
3,24^5*8 t B'1
16.95L56P
Scran ton .
tj.rn.7m
16,351.60S :+l*r*
3,02-V4‘ i -0*4
15,135.235 -HU
15.244,719
W ilm in g t o n ..
W
U!
-R
r:;
L«l2.ai8)
tM&QO
- -0* 5
l.WtM'w
-,5
-e
l|2.736.5*2,7(0* a.301.129,091
u lw ,n . i.odt li^ES.703.318 ; +«•*
BOftOQ*........ w h M jm l 417.145,879 —8*8 lJB0.2d3U&a7 1.872,440.900 —S‘4
108,410.800 • - i - i
PTOTtd*ftC«...
i&Ms, mi 22,d32,4'W -LV3
—8*3
Hanford......
9, Ut9jBv»
47.010 735
0,A25,.S8| —0*03
New Haven..
81316.401
29.567.102 -f-1'0
a,8l9,:»tr —lift
» ! 870,060 —t*2
Springfield ...
•rf#
t»rlt**,4H7
tifjl* , Hit
W orontei..,.,
&.U7M* ■riri
2-L*WO,4ft7
a.*7« w i
25.576 28* | t ? 5
P ortla n d ..
17,W*38p
:
16a*25,263 t 10'O
a,• »!.«: 4 r lT l
FaD Hiter....
r* ‘7
13,.181.982
Loweii . . . . . . . .
v.8iS,|f6
t jm jm
1.981.647
Haw Bedford
tfjwr.sMi-* fia-y
XTdi,576,1 la 2H77.?>7».Pr*3 -0 7
Total ft. Km 14 VHttJHBBf.
1377.927,417 UStJ62jW7 + 11
C h ic a g o ........
4ik «* m w 4*0,1 lkMH0
49,9^,850: 57
-ir o ?
270,0 3 »V'> —?'ft
C i n c i n n a t i ...
121.517.2*4
37,^*.7i; ■
I2I.09H32O1 : —>*!
D a tro tu ......
—Tx
23,75t,4Hi» -5*4
108.79 MU? T iro
Clavaland.....
96,94 7.610 +»**6
Milwaukee .... I inmiMti
4SJL946,574
7d.t79.fO0
?i,3U.40* i ~f-7*0
C o lo sabot, ....
5,478,* 4» r^‘4'9
443^3^81
twtft
Indianapolis... 1 *,P4ft.ii81 d,I*$J7<
&.OY*,7«2 —l*ri]
46,423 831 -111
8:s,
x,49&j0t>
18,424,007
11,160.^*22
Oracd Baptds' I
3UKXM1*
7.mm,ms -15*4
6.485,781
imxxnmon
'
lw o . lm
5J0L844 414*6
UHW j
jKaJaio**oo.«*. 1
yrnjrmi
5.405.478
4,12l.l3i
67#, 1*^1 -H .il
AJkrors. .......... {
7
5.4
S7.856
|,t# ,7#2
*V i ,IM -10*1
B a r C i t y ...... f
4,**40-7015
nm,-m
1. *1.758
4.081.961 43 4
R o c k f o r d , ... I
«,|41.321
1is3,s*6?*
3.737,427 +10 8
SpHagfinleL.... if
3,756 x>?
3.T85. f8:>
h5*,7L
Canto
.......
r»j
8,647.101^1 T K
j ‘ mj&tjsm,
15,00
54,618,1**2 -nr? { 277.7973''7
265,898.488 w f7
4*l8*.d8*,'i 4**9"f i
21,768.428 •H«*e
27332.164
1 Ss^Ss^bii&
~'2.w"4
f,T9.y,*|g‘
22362.996
■23,103,503 —i'ft
Portland..... I
i
5^4.167 —-V2;
25,ft®6 807
9t.H0,.*-44
Lot Angela#..
2,7-67,688 —Ii*7!
1|.72l,s» 8
H e le n a ........ |
ULIAS^-f -3 '9
SLSilW.^i -tw it
16376.736
ii.72A,°32 —7*2
f u o a i * .......
}
4*4+919,
2,071,8*0 t lH i
ft.868,148 4-11*7
t a t t le .,
7.54&.03I 4-2114
T l6!2i
o 154,651
1.677
spoltao®........ :
2,870.418 +1W4
574.728 -r*T%
Fargo. .. .... 1
247.10*
l
911.6,81
i
s
&
ijm
rv
-SB
.
1,436,992
Sioux Falla....
| W&s&Sui 7ujtpk,7jst* r J e . *0134*.*v5y 383.225,545 ~h 5
208Jv4O,O»3 +2*0
*5fcWS,88t* r—t;ro|
K anaat Ottf*., 1 m flesuis!
U » J 6 8 -r iJ
188,057. IW?
U^a2i.9l8H“I7*t
trattMHStntla...
t W,4m.*U: 14,378^25 f-fTPj
7ft.iI.UR7 + m
O m a s a ...
9i.7$iA&
7ft ft6.*,0.18 +12*5
j lV,7£G,m^: la,*,‘5*wkJS -f P’S.
m. Pan!.,.
m.mj.mo
56,881491 +o*0t
—i r i j
M3Bftt7All
Don Ter..
tit 64*4,019 —ro
Lb?0,7**»
5.713,14*2 —i:r«!
21.5^0,7X11!
St. J osep h
4,530,925'
0,706,18* -tr«|
23.920.4 "0 —6*6
D «iM oln§i, . f
11.581,090 —0*2
2.X9f «$# - p i
U3&U*?
Sioux City ...
6,318.172
1.271.344
7.719,169 -17-|
u
?
Lincoln........
1.8 » 4,77i
■+<rl
P.413.0SJ|
10,999.65? —ury
W ich ita ---1,8hcAI»;
8,503,117!
1.181,857
ftA66,U5 —11*8
T opeka..,..,.,
—
r?o>i2l
1478463 - 9 4
133 L*<29
Fremont.,,....
s u .m 254.315 —■
5m!
:<«:£■
*.2-43 278 +19 2
HjMtfsgs
i
liO.*B8,l^ -5*1. 67«(6^38al 602.955,0*1 + 5*
U3.Ma.3sn —17*71 496.9483461 518,722.064 -5*1
it. Lonit
36.0a9.sD8t *~&9; 2UJ,»!S,104f 194,907,603 +0*7
Haw OrttHMU
a,MS3.s®3; 28,8 l#.576f*4BH| 194373,199! 133.096,863 —6*2
LotsUviiie......
*7.rM*.32S!
6S.7B7.h00
i»,w . id*> —IP 3
Oalreftos---45,895,4'8
50 870.03#
8,213^84:—45**2:
Houston ......
42.573,631 - r i l
7.047,59 •]
*7,09L§«3|
Sarasnab. . .
9,010,940
«7,V64399i
9.70*^18! —•rtf
—4*0
Richmond; ....
g, 140,Id3
45,410,410
833l,09d| -7-7
40.tSi.3M + iro
M o m p n itu .,...
4.671,882
M.MB.71S + 15+
-10*4
Atlanta .......
4,557.94*
26.519,549
s.iitV
D
i
~nr2
-0*3
88,tS0.8lOi
D allas .........
3.7F2.10V
21,4.49.191 j
4,O07,^S8| —7*0i
20.1o7.«33 +4*8
NaabTlO#........
8,817,113J0.318.i8S 44*7
21.Uu.HW
4,121,159 —7*4'
Norfolk ....... f
2*2,607.430 —SI5*8
i4.s-n.i3e
*,
>
W a c o ....,...,,:
I.TIS.W
17,6^*0.4*15 -10*9
14.614.718
2.92*^7Sf -a n ?
Fort W orth... :
m m *,***
-A.tm.kiM
18313.480)
L910.407 -*•16*71
It ,083.074 + 41*9
Amentia......
ft. 121,746
7,300.201 428**
LO07.8M
L663.5S9'. 41*3i
Btvmtost bans. :
-5*0
t M M I»i
i ,^12*030 - t o 0;
6.3 38.404]
Little Rock.
8,231.931 —18-8
6,6^.309!
-15* >!
fmkmmwMla,.
5397.0081
1.915.190 +13*9
0h*t4iMi&o#a..
2M ,«L127!
1,263.789.171 —22
Total «ontb.:
I
*
j
Total all..
4,42a*t# ‘,59’* 4,858,361.421, -I.E'17 D.36*.«87.7t7 2 0 ,9 6 ij® » l +1*9
1,8.-d,703.7#7i2,021,504.7341 -“ 88- 9«369«4!B|6vf j 9,251,5.53,415 41*3
QaUtd# H.
11
0!/^.\T57 -14*7! 203.344 99S| 222.510.232 —8*6
Montreal,...
2?. 7m,sm
|41 035,544} U8.Ufl.851 419*6
Toronto.....
4-2-ti
52,00ft 13? 4**6
H a lifa x . . .
24.027,4*201
4,216,20! • l.P L ^ -4^ gf
Winnipeg,.,
10,960.940 +27*3
*1,&V)36*|
2.733.07♦'
apco
12.067.031 47*1
tiJMB.iHon...
Mi
HP, UM.snn
—ioK w iS m ! ru.VV!«.«» ’42*9
flaw T o r t .
Philadelphia..
PttUbarg..
Baltimore***».

rft.am,3S0'

»Cfl80,862 -r7*o

Week ending May SO.
Clearings at—
New Y ork ..........

Fir< Months.

May.
1 me.

NO. 1,615.

’ Tar tmhlm at clearing* by telegraph •«« Page 10*453.

B o s t o n .......
Providence..
H a rtford ... .

New Haven..
Springfield....

W orcester...... .
Portland..,
L o w e ll
......... New Bedford......
Total New Rag.

Chicago........... ...
Cincinnati
D etroit—
Cleveland.
Milwaukee.....
C olum bus....
Indianapolis .

■in.......

.......

Grand Rapids .. ..
L exington..........

ICalaraaxoo........

A k r o n ..- .,....- ....
Buy City................

Rockford.............

Springfield, Ohio..
C a n t o n .............
T o le d o * .... . . . . . . . .
D ayton*.............. *
T ot. Mid. W est’ n
San Francisco—
Salt Lake C ity....
Port! a n d .....
Los Angeles.
H e l e n a ........T a com a ........ .

Seattle.......

Spokane
F a r g o .....
Sioux Falls
Total P a cific....
Kansas City
Minneapolis.
Omaha..
St. Paul
D en ver....
St, Joseph
Des Moines
Sioux City.
Lincoln.
W fchiU,
Topeka..
F r e m o n t ...,..,,..,
H astings..............T ot. other West
St. L o u is .....
New Orleans..
L ouisville,...,
G a lveston ..........
H ouston.....
Savannah...
Richm ond.............
Memphis,..............
A t la n t a ...,....,-...
D allas......
Nashville..
Norfolk.
W aco.

Fort Worth.,

Augusta. . .
Birmingham,
Little Rock,
Jacksonville
Chattanooga
K a o x v iu r

601,821
650.000
450,00”
315,355
819,086
291,402
215.000

—35*0
—27*8

355 000
703,811

J S

SO’ .OtO

*37,223

~Ti
-21*6

323/18
190,223

275,201
Sib 035

T otal Southern,,

so.tal.u o

-21-3

le.iM .oflfl

50,2^1,515

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

•—130

765.488.996

99*. 37 *.5 8 8

Outside N. York,

8S6,32«,740
301+02.740

Montreal
Toronto
H a lifa x....
Winnipeg*.,
flam ! Iton.
Total Nanada......

10^11,059
5,398,820
1,0 <0 7'Zl
811.90'
525,000
is.0 0l.lt i

-1 8 *
4**0
-1 0 0
42*2
—7*2
—tow

* Not Included in totals.

—i r i ifg p p r s p l "*4 1 ,5 8 1 ,8 0 2
9.372.788
5,100.003
909.9 H.
85900
000,00ll.Ohl ?.U

10.757.142
6,108,920
1.077,028

iii'M k
1ft.0fte,904.

1008

1HE CHRONICLE.

[V ou

L X II.

it appears, is at present in the control of a comoination
M ANCHESTER’ S TR AD E W IT H TH E UNITn.D of Populists and of 16-to 1 advocates, the latter being
diawn from the other two parties ; the free-silver men
STA TE S A N D WORLD.
We have secured a special c irrespondent of high and the Populists seem to have a common aim, and
position in industrial affairs at Winchester, Eogland, that is to wholly destroy the credit of the Government.
and publish his first letter to-day on pages 1016, 1017 Through what iLfluence these people can gaiu follow­
and 1018.
The present intention is that these com­ ers among honest men, except such as are densely
munications shall be quarterly, but if four d as useful as ignorant, puzzles business classes. This bill if it were
we anticipate, the servioe will become more frequent. to become a law would take away the last means the
Our idea was to obtain for our readers and from the Treasury has for keeping a gold reserve, would
very best source news of a comprehensive and practical violently and at once change our standard of
sort relating to the cotton goods trade, of which Man­ valms from gold to silver, would interrupt all
chester is the centre and in which Great Britain and enterprise, would disarrange every contract, and
would disorganize every industry. How many busi­
America are interested.
ness
men could endure the strain and fim.nin
To day’s letter, and indeed all of our Manchester
solvent
is a qu stion no one can answer. Wny is it
correspondent’s letters, will, we believe, attract general
that
the
public has not been more disturbed by the
attention, although of course they especially appeal to
passage
of
this revolutionary measure in the Senate ?
cotton manufacturers, dealers and planters. Every
Simply
because
it kuew that the bill could not pass the
subscriber, however, has an interest near or remote in
House,
and
even
if it could the President would veto
the subject to which they relate. It is an industry c o ­
it.
The
facts
cited
are nevertheless needful because
extensive with the world of trade. Furthermore, in­
the
country
has
reached
a crisis with reference to these
asmuch as the C h r o n i c l e cotton reports and figures
twin
delusions
at
which.it
is important to keep in mind
have always been sought the world over, beiog tele­
graphed and cabled to and posted at the cotton ex­ the exact situation of affairs. For it is not with gloved
changes in all the countries of Europe, Asia and Amer­ hands, polite platitudes and give-and-take methods
ica every Friday night, it seemed as if it was needful such evils can be put dowD. Something like the
to take another step and gather in our columns the old radical system of fighting fire with fire is de­
views and facts from the great centres of trade more manded.
Congress cannot justify its action in passing this
fully than we can obtain them by cable.
week
the River and Harbor bill over the President’ s
We are aware that the general financial conditions in
veto.
We have read carefully the report of the House
the United States the last two years or more are un­
Committee
recommending the passage of the bill n o t­
derstood not to have encouraged expansion in news­
withstanding
the veto, and even assuming the facts to
paper work. It has not been so at all with us. We
be
as
it
states
them, and not as the President states
have added three Supplements to our list of publica­
them,
and
assuming
the report would be a conclusive
tions and have given them to our subscribers free of
document
on
any
ordinary
occasion, yet as this is not
charge ; but our efforts have met with a most su bstantial response. Not to mention any other feature, our by any means an ordinary occasion, the committee’ s
subscription list has increased the past year more plea is defective. The issue is of such a character
largely than in any year of the paper’ s existence. These that granting the correctness of everything the re­
circumstances have led to this new advance, and we port asserts, the vital point is not touched. The
Administration has not enough income to meet its
are confident it will be appreciated.
outgoes even under the most economical appropria­
tions; every dollar it pays out more than its in­
come weakens the currency situation. We certainly
TH E F IN A N C IA L S IT U A TIO N .
do not need to assert that our currency is already
Lower foreign exchange is a feature of the past extremely insecure and disturbing; that to keep up
week. Other than that and the effect the decline has the gold reserve is difficult any way, and with the dis­
had on gold exports there has been no material altera bursements all the time running ahead of the income it
tion in the conditions heretofore prevailing. Crop re­ becomes doubly arduous. Notwithstanding this, it is
ports remain favorable; but this the bears tell U3 is a admitted that no relief measure, no device for facili­
negative fact, the mere absence of narm, for it is too tating the borrowing of gold or for increasing the
early yet to discount the harvests. Though that may Treasury income can pass the Senate. As the case
be true, no one can deny that a strong, healthy plant at stands then Congress can do nothing to aid in cor­
the start is better than a sickly one, and furthermore recting the situation or towards lessening the pressure
we are getting pretty near the time now when every except the help or relief it might extend to the Govern­
few additional weeks of satisfactory progress will bring ment by diminishing the appropriations.
some crop quite close to fruitage. The bears have one
But, says the committee, if the bill fails the failure
strong point— but that point is by no means the pres­ will cause a serious suspension of work on many useful
ent condition of the crops. As we have often said, projects now in progress. That is no justification.
every material and industrial aspect is favorable; it is Congress should have thought of that before it com­
only the currency outlook that is worrying the life pleted the bill. Besides, if the large appropriations
out of all departments of trade and all kinds of add to the currency insecurity, and the veto had been
enterprise.
sustained on that account, it would have been an easy
Congress has been busier than usual. Among other matter to have provided by new legislation or by
things it has given proof that we have a Senate which amendments to bills still pending for the most impera­
can and does obstruct all good legislation but cannot tive work. Observe the present situation— how short
prevent bad. The Butler Bond bill, about which we the Governmant revenue is and how it has declined.
wrote a week ago, was passed by the Senate Tuesday. Here is a brief statement of the receipts since the first
We indicated that result in our article. Tne Senate, of January

J i nk 6, 1896.]
CWs*« * ;
Internal
1896. paym ents.
retenHe,
J a n ...817.371.41? 811,176,661
F ttb .. 13,906,393
10,606,753
M ar.. 13 34 4 ,2 1 6
11,836,265
A pril. 11,268,451
11,201,295
M ay .. 10,949,794
11,550,109

THE CHRONICLE.
Mat, Bank MiseetTotal
fund. taneous,
income.
$432,6*5 $2,390,330 $31,374,053
992,227 1,316,082
27,051,455
3*0,659 1,160,669
26,331,809
177,371 2,083,499
24.729.119
235,670 2,143,815
24.S79.338

T ota l.$66,841.274 $56,271,083 32,179,072 $9,124,395 $134,415,324

1009
M O N T H L Y C L E A R IN G S.

Month.

Clearings. Total All,
1895.

1896.

Clearings Outside New York,
|P.Ct..

1690.

1895.

P .C t.

8
e
$
$
Jan uary.... 4,609,1*7,199 4,402,608.909 +4'? 2,046.753,791 2,007,996,494 +1*9
February
4,101,712,407 3,407,062,173 +20M 1,723,720,777 1,543,220,947 + 1 2 0
M&reli...... 4,123,070,234 4,034,135,895; +2*3 l,Sll,S13,600 1,793,694,S79 + 1*0
1st quar.. 12,833.950,160 11,844,700,977, +S 4 5,587,238,108 5.344,912,320 +4*5

Note the total figures, showing an avenge of less A p ril....-.., 4,288,851,967 4,255,593,35o' + 0-8 1,895,396,043 1,882,110,^71 +0*7
than
million dollars of income for the last three M a y ......... 4,220,885,590 4,80S,351,424(—13’0 1,830,793,797 2,024,504,784 —8*&
Very naturally the loss from last year is most strik­
months. In the same three months the disbursements
aggregated $87,400,000, or an average of $29,100,000, ing at this point, wnere financial interests so largely
making an average monthly deficit of nearly 4 million centre, and where Stock Exchange business is in a
dollars, or 12 million dollars in three mouths, with + state of stagnation. The decrease here is 17*4 per cent.
million dollars of interest to meet on the first of July. But let no one deceive himself iuto thinking the de­
This too is a deficit under the smaller old appropriation pression doe3 not extend outside of New York. Every
For the New
bills. After the first of July the larger new appro­ group of places shows a decline.
priations must he met, and hence the Administration England group the decrease is 8*5 per cent, for the
is left not only with Us present burden, but with this Middle Western it is 4'9 per cent aud for
additional prospective deficit, to carry ou its struggle the Far Western it is 5*1 psr cent. The Pa­
defending the gold reserve and preserving the gold cific group has done better than the rest, and shows
standard. It may be claimed that the Treasury re­ somewhat less than 1 per cent decrease, but the South,
ceipts will increase. We hope they will, and no doubt where jusc now the free-silver craze is rampant, has
they will to some some extent as business revives; it is suffered only less severely than this centre, the decrease
not reasonable though to believe they will to the extent in that section being 14*8 per cent, to which sixteen
needed to meet these larger outgoes. Under such a out of the nineteen points have contributed. Below
prospect could we call it wise—even if our gold stand­ we furnish a comparison of the clearings at the leading
ard was not at risk—could we call it wise legislation, cities throughout the country for the last four years—
when a long-continued deficit already exists, to direct for May and since January 1. It will be observed that
there are few points that do not record a decrease from
new expenditures without new taxation ?
If anything were needed to show how business May of last year.
BASH CLEARINGS AT LEADING CITIES.
interests are suffering under the growing uncer­
---------- H ay. --------------------- ,— January t to May 3 1 ,— ,
1886. 1895, 1391, 1893. 1393. 1.895. 1891. 1803.
tainty regarding the political and financial out­ rWQ.OOOr
omitted. /
$
*
$
«
$
$
$
$
look, it would be found in the returns of bank New Y ork. . . 2,340
2,831 2,093 3,055 11,935 11.707 10,050 15,741
clearings, which are now making very poor compari­ Chicago____
430
409
461 1,877 1,051 1,723 2,197
379
133 1,346 1,872 1,710 2,161
sons with last year. We have this week prepared our Boston.......... 381 417 352
Philadelphia
270
298
237
323 l,3S2 1.378 1,217 1,593
statement for the month of May and it shows a de­ St, L ou is. . . .
93
lit
10J
93
491
519
400
534
S5
55
60
70
278
2 35
273
325
crease from the same month last year o f 13 per cent. San PTan’c o .
Gl
59
B altim ore...
53
Si
301
278
275
309
The exhibits have been growing worse each month P lu ebu r*;.-.
G4
69
57
07
320
280
263
321
57
60
50
55
250
271
263
311
latterly.
In February there was over twenty per Otnotnnati...
New Orleans
3G
42
34
33
208
195
192
244
cent (20*4 per cent) gain, though the fact that Kansas City.
39
45
40
50
211
207
194
235
20
40
13
17
the monih contained an extra day the present M ilwaukee..
97
90
89
194
Coals v llle .. _
22
29
25
31
125
133
132
169
year, it being leap year, made the percentage BnHaio.........
17
22
20
10
90
8*
78
99
somewhat larger than it otherwise would have been. D etroit.........
25
27
24
31
125
125
114
157
30
32
24
35
1-10
118
107
153
In March the increase dropped to only 2*3 per cent, Minneapolis,
14
*22
18
Omaha....... .
30
92
75
103
148
for April it was but a fraction of 1 per cent, while for Providence,,
ID
23
19
26
107
103
93
134
24
25
19
124
26
109
93
128
May, as we have seen, there is 13 per cent decrease. It C leveland ...
Denver.........
12
10
22
13
59
57
57
109
is true that there was one less business day in the 86. Paul........
20
18
20
10
90
66
80
102
month the present year (the month having con­ T o ta l......... 4,008 4,026 3,630 5,022 20,182 19,814 17,574 25,364
tained five Sundays against only four last year) and Other cities.. 219 232 220 200 1,173 1,145 1,086 1,327
that we are now comparing with a period la3t year
Total a ll... 4,227 4,853 3,900 5,282 21,355 20,959 18,800 26,091
when considerable recovery from the low totals of Oatetde N. Y. 1,897 2,024 1,807 2,227 9,370 9,252 8,0 10 1 0 ,9 5 0
As regards the dealings on the Stock Exchange
1894 had occurred. But as far as the importance of
the first point is concerned, it is only necessary to (which are cleared by an independent method and
lay
that the falling olf has been continuous therefore do not now affect bank clearings in the
throughout the month, every week having shown way they did a few years ago), it is only necessary to
a decrease, and as to the second point a say that the stock sales in May 1898 reached no more
comparison of
the May totals of clearings than 2,799,013 shares, against 8,932,707 shares in May
for the last
five years
proves conclusively 1895, and that the market value of these sales was but
that, making duo allowance for all exceptional factors, 188 million dollars against 403 million dollars, as will
the volume of business is far below the normal. For appear by the following.
May 1898 the clearings foot up 4,237 million dollars;
for 1895 the total was 4,858 millions ; for 1894 3,900
millions; for 1893 5,382 millions and for 1892 5,032
millions. Thus while the aggregate is somewhat better
than it was in 1-894, when everything was in a state of
collapse, it is over a thousand million dollars smaller
than it was in 1893 and eight hundred millions
smaller than it was in 1892. The following is our
usual monthly comparison since the 1st of January.

SALE* o r 4 M O H S AT T S * M *

TOHtt STOCK SSItOHANGB.

1896.
Month. A-umker
of Shares
Jan .. 1 4,536,012
Felt .. 5,203,0(1*
March. 1,580,579

Par.
t
417,301,550
492,613,700
380,920,000

la tq r 14,325,289 1,206,841,260
April... 4,058,018
May.. . 2,799,613

1895,

Volute.

373,055,175
203,702,538

Actual,

Number
o f Shares.

i
2M,-U6,O0# 3,243.903
306,289,180 3,024,032
252,165,607 5,128,530

Valitcs.
P ar.

Actual,

*
318,422,500
300,314,780
499,415,800

*
192,636,084
186,100,308
801,266,471

800,200,471 11,390,476 1,118,183,050

680,010,536

250,309,075 5,036,710
188,033,302 8,932,707

482,409,356 271,711.290
859,102,060! 403,888.576

1010

THE CHRONICLE.

At the annual meeting of the Chicago & NorthWestern held this week, preliminary estimates were
furnished to show the probable results of operations for
the fiscal year which closed on the 31st of May. As
expected, the statement is strikingly favorable, indi
eating a surplus above the dividends paid for the twelve
months in the large sum of $1,848,651, against a deficit
below the dividends paid in the preceding twelve
months in amount of $273,590. The result is even
better than this bare comparison indicates, for in the
late year the amount paid in dividends was $3,517,057
(the common stock getting 5 per cent) while in 1894-5
the amount distributed aggregated only $3,125,546, the
common shares then receiving but 4 per cent. In the
gross earnings the increase has been over five million
dollars. Of course this follows a heavy loss in the
year preceding, but the gain is greatly in excess of that
loss—in fact is heavier than the sum of the losses for
the two previous years combined, making the gross
earnings decidedly the largest in the whole history of
the company. The Milwaukee & St. Paul for the
same period of twelve months added $4,885,307 to its
gross revenues. These results show what a transforma
tion has occurred in the affairs of the roads in the spring
wheat districts of the Northwest, under the excellent
wheat harvest in those districts last year. This favor­
ing circumstance, however, it is well to understand, has
been largely special. The roads having their lines
further to the south and outside the spring-wheat ter­
ritory have been excluded from any benefit. This is
evident from the annual report of the Bock Island,
which we review to-day in another article, that system
having quite an extensive mileage in the Southwest,
where winter wheat is grown and where the crop last
year was very poor.
We shall publish our review of the gross earnings of
United States railroads for the month of May next
week. A preliminary statement which we have pre­
pared this week, covering58 roads, shows 4-28 percent
increase. Among the roads which have this week fur­
nished returns of gross and net for April, the Southern
Pacific reports $221,278 decrease in gross, $194,374 de­
crease in net; the Northern Pacific, $23,241 decrease
in gross, $84,082 decrease in n e t ; the Norfolk & West
ern $105,353 increase in gross, $40,141 decrease in n e t;
the Louisville & Nashville $101,907 increase in gross,
$13,531 increase in n e t; the Central of Georgia $10,315 decrease in gross, $9,089 decrease in n e t; the St.
Louis & San Francisco $39,308 decrease in gross, $36,513 decrease in n e t; the Mexican Central $63,443 in­
crease in gross, $39,590 decrease in n et; the Denver &
Eio Grande $33,755 increase in gross, $2,346 decrease in
net, and the Kansas City Fort Scott & Memphis $23,175
decrease in gross, $2,369 increase in net. It will be
observed that most of the returns are unfavorable. In
the following we compare the April gross and net earn­
ings of a number of roads for four years.
------------------- April Earnings.—
1896.
*
Central o f G eorgia............... .Gross
321,031
Net
24,359
Donver & Rio Grande........... Gross
580,224
225,218
Net
Iowa Central............................ Gross
145.826
Net
43,053
Kan. City Ft. Scott & Mem.Gross
335,268
Net
105,433
Kan. City Mem. & Birm........Gross
78.948
N et
7,198
Louisville & Nashville......... Gross 1,534.191
Net
390,972
Mexican Central......................Gross
814,038
Net
273,249
Mexican International......... Gross
239,498
Net
09.712
Norfolk & W e s te r n ....... ...Gross
938,195
Net
140.764

Name of Road—

1895.
3
331,946
83.448
640,469
227.558
115.655
37,697
358,443
103.068
71,767
4.850
1,432,2^4
383,441
770,595
312,839
218.601
92.227
832,842
150,405

1894.
t
325,806
51,302
500,409
196,027
128,265
35.950
392,731
111,926
73.039
3,898
1,337,909
440,861
096,259
180,164
155,494
45,031
748,298
103,3-1

1893

*
652.834
248,072
131,061
34,679
432,160
86,402
81,173
3.977
1,675,503
482,963
725,278
291,722

928,015
288,293

Nam e o f R oa d —
Northern Pacific..............
Net
San. Ant. & Arans. Pass . ..Gross
Net
Rio Grande Southern... . ..Gross
Net
Rle Grande W estern.......
Net
St. Louis & San Fran........
Net
Toledo & Ohio Central.. ..Gross
Net
Western N. Y. & Pa...........
Net

|Vo l .

1890.
9
L.28M94
374.832
153,153
33.310
35.042
11,416
199,239
71.990
418.121
148,791
159.087
58.612
2J2.103
i-3,951

— A p ril Earnings.
1395.
1894.
3
$
1.307,735
1,117,387
438,914
210,141
100,975
134,995
11,182
30.014
21.217
14,994
9 017
195,07.3
109,400
71.500
55.510
487.732
450,214
185.304
133,754
133.5C5
141,143
38.292
52.435
271.? 71
239,891
74.483
82.017

LXII,
1893.
$

100,181
13,138
47,616
21,501
200,035
70,055

101,954
51,104
305,105
91,183

Money on call, representing bankers' balances, has
loaned during the week at 14 and at 2 per cent, with
the bulk of the business at the first-named rate, and
the average has been about I f per cent. Banks and
trust companies quote 2 per cent as the minimum.
The supply of money offering on time is abundant, but
the demand is only moderate and chiefly for long peri­
ods. Eates are 2| per cent for thirty to sixty days ; 3
per cent for ninety days to four m onths; 34 per cent
for five to six, and 4@44 per cent for seven to eight
months on good Stock Exchange collateral.
Some
loans have been made this week to New Haven
and other Eastern cities, in anticipation of the
collection of taxes, at 3 f
to 3 4 per cent
for five months, and as this is the season of the year
when such borrowings are usual, more business of this
kind is looked for. Brokers report a good demand for
the b( st grades of commercial paper and some very
choice names are offering, but there is only a moderate
inquiry for paper classed as good. Eates are 4 @ 4 f per
cent for sixty to ninety day endorsed bills receivable ;
44@ 4f per cent for four months' commission house and
first class single names; 44@5 per cent for prime, and
54@6 per cent for good four to six months’ single
names. Some bankers report a good inquiry for re­
discounts, while others say that less than usual has
been done this week, and this falling off is regarded as
an indication of the partial stagnation in trade all over
the country incident to the political situation. The
specially designated depositary banks have this week
turned over to the Sub-Treasury the remainder due on
the recent call, and it is expected that a call for the
balance will be made, to mature by June 15.
The cable on Thursday reported that Eussia has
warned the Porte that a massacre of Christians in
Crete would unite the whole of Europe against Turkey.
This news, however, had less influence in London than
did a Johannesburg cable announcing that the four
leaders in the December raid upon that town, who are
now in the Pretoria jail, will be released in a few days,
and this concession is credited to the influence of Mr.
Barney J. Barnato. The Bank of England mini­
mum rate of discount remains unchanged at
2 per cent. The cable reports discounts of sixty to
ninety day bank bills in London 13-16 of 1 per cent.
The open market rate at Paris is I f @14 per cent ; at
Berlin and Frankfort it is 2 f per cent. According to
our special cable from London the Bank of England
gained £610,008 bullion during the week and held at
the close of the week £47,835,551. Our correspondent
further advises us that the gain was due to the import
of £509,000 (of which £310,000 was from Australia,
£150,000 bought in the open market, £42,000 from
China and £7,000 from the Continent), to receipts of
£121,000 net from the interior of Great Britain and to
an export of £20,000 to Malta.
The foreign exchange market has been dull, 'he fea­
ture being an easier tone and a decline in rates. The
opening was dull and steady on Monday and the Mer-

JTJN'E 8, 1896.]

THE CHRONtCLE.

chants’ Bank of Canada reduced the sight rate half a
cent, but there was no change made in the rates for
actual business compared with Friday of last week. In
the afternoon the tone grew easier, influenced by offer­
ings of bills against the §600,000 gold exports shipped
Tuesday — §500,000 by Ladenburg, Thalmann &
Co. and §100,000 by Heidelbaeh, Ickelheimer &
Co.— and against §500,000 shipped by L. von
Hoffmann & Co. on Thurdsay. On Tuesday the
market was weak and daring the morning Brown
Bro*. reduced the sight rate half a cent. The tone
was heavy at the close, affected by the offerings
of sixty-day bills by J. P. Morgan & Co. against Balti­
more & Ohio receivers5 certiScates, and rates for actual
business were reduced one-quarter of a cent, tod 8 7i@
4 874 for long, 4 88|-@4 88^ for short and 4 88|@
4 88f for cable transfers. The total of these certifi­
cates authorized was #5,000,000, of which $1,000,000
are held in reserve. There was no change on the fol
lowing day, either in nominal or actual rates, and the
tone was quoted steady.
On Wednesday it was
easier, but not quotably lower, and on Thursday
there was a firmer feeling, though rates were entirely
unchanged. Yesterday, too, no changes occurred in
either actual or posted rates. The following shows the
daily posted rates for exchange by leading drawers.

1011

THE F R E E - GOI N A GE M OVEM ENT.

A week ago we discussed the Butler Bond bill,
its dangerous purpose aud the conclusive objections to
its enactment into law. We do not refer to the matter
again in the belief that Tuesday’s vote in the Senate
alters in any respect the situation. The bill has al­
ready been reporfed adversely in the House of Repre­
sentatives, where the States have a controlling voice in
proportion to their population and commercial prog­
ress. Indeed, the analysis of Tuesday’ s majority in
the Senate discloses the extraordinary fact that only
two out of the 33 votes for the bill were cast by Sena­
tors from auy State east of the Missouri and north of
the Chesapeake. In other words, between 60 and 70
per cent of the total population of the United States
was virtually represented in the minority vote against
the bill.
But we have gone once more into the question of
this inflation vote because of the side-light which it
casts on a far more serious question— the effort of the
free-cdinage and repudiation element to capture one of
the two great parties in the presidential campaign.
That such an outcome at Chicago would be unfor­
tunate there is no question. The serious part of such
an outcome would not be the probable success of afreen*rr,T e oa reii naves rote r o a s w * b x c h a s o b .
coinage platform and candidate at the polls. No in­
telligent student of political history entertains the
M*iN„ T u rn ,, W*D» Ta ait, Will..
FitC,
M<ty *29 J un e l. J a m C Jtt. m 8. J fin e 4- J un e 5.
slightest doubt that such a candidate would be over­
88
0
m
88
89
whelmed by next November’s adverse majority. But
m l4
99
m
»>■»*-......
m
m<.
m
*
H iring.
1004*r». 0 1
01
0H
the
mischief would not end with an unsuccessful can­
SJii
01
Magoan 4 Cow I SfatMU-* .S B
SB
m i
m i
88M
Beetle RritSkb
vass
for depreciated currency. Very recent history has
M l
83 ■*
.Me. Amertese,. 1fltfw£»«« *»<■*
SB
m i
m i
88u
m i
Battle of
j 00day* ,
proved
that neither party can alone be thoroughly
BUI
$91
Mootml...... l Hijght,.,
SB
&&
33
m i
m i
m i
m i
Canadian Ba.ii.lc J 00 Bays.
m i
depended upon for prudent legislation.
Noth­
m i
a t Cdtnnamam,. 1{BtfttiU.,.
01
01
01
SS
m i
m i
m i
m i
884
ing has served a better purpose to the na­
HeldtAgaett. felt- f 60 days
M l
m i
m i
ellsetme? 4 €*>. 18t*&w.
M l
mH
fH I
*4*4
tion than the existence, at various periods, of
m i
88<4
i
nrwrwfc.. j
; m
m i
m i
m i
' 01
m i
so near a balance in the representation of the
m i
SSI
m *4
mn
Merchant#' mu 10O
m i
of Canada......» Si*!**...... $*0
m i
m i
m b
two parties in Congress that a measure of rash or
The market was steady on Friday at 4 88@4 884 for hasty legislation was ensured defeat, or of remedial
sixty-day and 4 89@4 894 for sight, and rates for legislation success, by the combination of the wiser ele­
actual business were 4 87i@ 4 8?4 for long, 4 88|@ ment from both sides of the House or .Senate, Such a
4 881 for short and 4 881@4 88§ for cabte transfers. campaign as this week’s pessimistic forecasts have sug­
Prime commercial b ills were 4 86|®4 87 and docu­ gested would result, so far as one house of Congress is
mentary 4 864@4 8fiJ.
concerned, in an unwieldy majority, while in the other
The following statement gives the week’s movements house it would be opposed by a larger minority whose
of money to and from the interior by the N- Y. biuks. character has been sufficiently foreshadowed by the
vote on the Butler bill. It is safe to say that from
Rem ired by \ Shipped by
Wet In terior
W eek E n din g J un e 3. 1800.
n . r. t o
nr. r .B t n h * . Movement.
such a situation the shattered minority party would
Oturreney....... .......... .
... #6,358,0001 #1.417,000 Galn.f4,841,000 not be the only sufferer.
91,000
Oold ................ . ....... ... ........
424,0001 333.000 Gain.
Of the Democratic State conventions which have
total gold and left*! tender*,* . f 0,3Sa.CXt! * 1. 780,000 Gain.#4,932,000
spoken
up to the time of writing, 13 have declared in
With the Sub-Treasury operations and gold exports
the
most
unqualified of terms for the immediate free
the result is as follows.
coinage of silver as full legal tender and at the ratio of
S et Chany* in
Inin
j Out o f
W u k Ending J u n e 5. 1896.
16 to 1. A partial exception should be made in
1la n k Holding*.
Bunk*, !
Bank*.
Bank** Interior movement,** above 18.883.000 * 1,750.000 Qalo.S+,933,000 Nebraska’s case, where the sound-money Democrats
17,100,000} 33,400,000' Loss. 8,300,000 “ bolted ” the free coinage platform and nominations,
Bttb-Tr*a«. opm .sm d gold export*
Total *oi«l and local tondora..... *33,783,000 * 75,180,000 Lo»8 1.388.1HI0 and declared emphatically, at a convention of their
The following caole italicites the amouat of bullion own, against free coinage.
But offsetting this is
in the principal European banks this week and at the the radical language of half these free-coinage plat­
corresponding date last year.
forms, all of which explicitly demand free silver coin­
age at 16 to 1 u without waiting for action or co opera­
June 0 . 1895.
June it ism.
Banks/
tion by any other nation.”
IntaL
Silver.
G
d
U
Got'h | sum. | Total.
Nothing could be more erroneous, however, than to
£
:
£
£
£.
:
£
£
. ,.j iI M b * SM.j
87.031.?7fi take these thirteen declarations for the voice of the
E n gla nd......... 47,S3#£4t)
9M 4M S# 50.Si%70i lBO.OW.l35j 81,011.000^50,013,(KO 131,099.000
Franc*..
Over against such violent attacks on the
067| 15,351 833 4%054,OCO) 37,18% 137 16,530.803 53,736.000 party.
Oarmsmf, .. j
Amt.*Burn'll «J,313/.fjOil3,8jri.oooi 40,160,OOnJ 10^ 49,00o| 13,532,000 3% 780 Ooo present standard may be placed the five States of
8,001,000 12,500,W o 30.501.000
..... I 8,IW.OOoStt.06%OOo!
Aether!amt*, i 2.035,0001 6,003,000) 0.030,00<ri 4,203,0001 7,053.000 14,346,000 Maryland, .Massachusetts, New Hampshire, New Jer­
3,004.000,
1,302,00%
3,906,
000
!
2.8 3 1 ,3 13| 1,115,667
4 .2 17,000
?*at-Belgium. j
sey and Pennsylvania, which have declared clearly and
1070030 j 201,013,870
-----Toi-ibl# wee* 190,077,652 9 7 .7 IM 8 I030“7, ’S i ! 1-S J&. 3 M. 10 j 10
: - ■ j •.
: unmistakably for the single gold standard, rl-rinni ing
T a t, p ro*. w it

1012

THE CHRONICLE.

fVoL. L X II.

also retirement of the mischief-making legal tenders; the preceding year, had a remarkable influence
The Demo­
Vermont and Rhode Island, which denounce bimetallism on plans for the presidential year.
except by international agreement; South Dakota, cratic national platform of 1876 contained not a
which declares for the “ maintenance of the present hint of the numerous paper-money declarations which
standard of values,” and Michigan, which endorses the had been common in the State platforms of the
present Administration and declares,somewhat evasively preceding year or two. The two great parties stood,
no doubt, that this construction of the party platform so far as fundamental monetary principles were in­
of 1892 “ should be the doctrine of Democrats until volved, side by side in their pledges and promises of
repealed by another national convention.”
The list 1876. As a result of its determined rupture with the
does not include the three other important States of inflation element the Democratic party polled on that
the Eastern business section— New York, Connecticut year’s popular presidential vote 157,000 majority,
and Ohio— which have not yet given forth their in­ and the “ Greenback Party ” — which, after threatening
terpretation of the Democratic doctrine.
ruin to both the regular organizations, set up a stand­
It will be observed that these nine sound-money ard for itself— received a paltry vote of 81,737 out of
Democratic conventions-—vastly exceeding in their a total poll of 8,411,136.
constituent population the silver-coinage element— do
There is not the slightest doubt that the free-coin­
not merely differ on points of general interpretation age party, if forced to stand up for a separate count
from the silver conventions, but conflict with them this year as the greenback party did in 1876, will make
radically and irreconcilably. Nothing quite so aston­ almost as contemptible a showing. The politicians
ishing in this line has ever been witnessed in the who have so far gained control of party machinery as
history of parties. It is conceivable, even with such to frame the Democratic platforms in such States as
absolute counter declarations, that one of the old- Nebraska and South Carolina, are one in motive, pur­
fashioned “ compromise” platforms might bring about pose, and fundamental creed with the Populist party,
some sort of harmony between the opposing elements. which, as a matter of separate political con­
But a thorough-going free-coinage platform would cern, is now almost forgotten. With a shrewd­
make the co-operation of the party’ s Eastern wing in the ness of expedients worthy a better purpose,
campaign of 1896 a flat impossibility. These differences these demagogues,
abandoning
the
effort for
do not stop with general interpretation; the language of a separate party existence, have devoted all their
the conventions is plain and unmistakable. The Eastern energies to capturing, in the frontier States, the
declarations are as much a model for sound financial machinery of one of the two great parties of the
creed as the "Western and Southern silver platforms are nation. The fact that the victimized party was dis­
examples of financial lunacy. The New Jersey Demo­ pirited by disputes in its own membership, and dis­
crats are “ opposed to the free coinage of silver at any couraged by the popular denunciation always freely
ratio ;” the Iowa Democrats demand “ the immediate bestowed on the party in power during commercial
repeal of all laws by which silver was demonetized
panic, gave the needed opportunity for the attempt.
Pennsylvania calls for “ a firm, unvarying mainten­ The result is witnessed in the Western and Southern
ance of the gold s ta n d a r d O r e g o n is “ unalterably State conventions to which we have referred already.
opposed to the single gold standard.” Such statements But there is the best of reasons for believing that the
of purpose and opinion would make pretense of union large majority of the party will not follow such a
on a free-coinage platform so absurd a farce that a sil­ leading.
ver declaration at Chicago would amount, for this
campaign, to the disbanding of the party.
TH E R O C K IS L A N D R E PO R T.
Eor this reason, if for no other, we are disposed to
The Chicago Rock Island & Pacific shows on the
hope that current predictions of such a declaration are
premature. The Democratic party has a great past whole better results for the late fiscal year than for the
behind it, and it numbers in its ranks to-day many of year immediately preceding, but the improvement
the wisest living statesmen. As recently as 1892 it has been made in face of a further falling off in the
was supported by an enormous number of thoughtful company’s gross revenues, and thus it is evident that
and independent citizens explicitly by reason of the the conditions were far from favorable. As a matter
sound financial policy set forth in its platform and in of fact the conditions were nearly all decidedly
the public record of its candidate. That the Tillmans adverse.
It may be supposed that at least the crop situation
and the Altgelds should in the very next presidential
convention force the entire party, in its official declara­ was a favoring feature ; but the company has no mile­
tions, to follow them along the way of Populism and age in the Northwest in the territory where the spring
wheat crop was so phenomenal, and hence got no bene­
anarchy, does not yet seem conceivable.
At the same time it is possible that the battle be­ fit from that source. On the other hand, the winter
tween sound finance and the vagaries always brought wheat crop in the Southwest—where the company has
into politics by a period of hard times must be fought a large mileage—-and particularly the wheat crop in
out this time in a national election. Conditions of Kansas, was almost a complete failure, the yield being
social disturbance and unrest after the panic of 1873 the smallest in a great many years. It is true that the
had a somewhat similar result in American politics, same States raised a much larger corn crop in 1895
the difference being that in the seventies the hardest than in 1894—Kansas, for instance, having produced
struggle came in the State campaigns of 1875 and was 204 million bushels against only 41 million—
settled decisively against the degradation of the cur­ but unfortunately, because of the low price pre­
movement of that crop has been
rency before the national conventions met in 1876. vailing, the
The election in Ohio particularly, where Governor very slow, so the increase in tonnage looked
Hayes, on a sound-money platform, carried the State for in that direction has been realized only in
against an inflation candidate by 5,514 majority, very small part. At the same time the improvement
reversed from an opposing majority of 17,200 in ' in trade which was a marked feature of the industrial

THE CHRONICLE.

JtfXE 6, 1890,]

•situation after the Morgan-Belmont contract last year
-did not count for a3 mucii with, the Book Island as in
the ease of some other roads. The improvement, as
we all know, was moat manifest in the manufacturing
industries, and there are comparatively few of these in
the territory traversed by the R )ck Island lines. More­
over, the company's report covers the fiscal year end­
ing March 31, and daring the last four or five months
of this period the improvement in trade again died out
and gave place to fresh depression under the renewed
anxiety regarding our currency and the various dis­
turbing elements introduced in our relations with for­
eign countries.
In order to show how the company has suffered in
its traffic, both from the unsatisfactory crop results
and the unfavorable trade situation, we have prepared
the following statement, comparing a dozen leading
items of freight for the last five year?. Tnese we have
grouped in two classes, the first covering the items that
reflect the agricultural status and the second those
that vary with the state of trade and the development
of the country. The comparisons are striking and
interesting. Here is the table.
J&9ENa GE OF HEADING ITEMS OF FREIGHT ON KOOK ISLAND.

L895*6.
'fan#.

im u -x
Tmtx,
193,202
284,872
163,988

1,
"Wheiit..
C orn .. -. . . . . . .

375,888

C aitfo, - .... . . . .
itO g A ... _____

882.477
273,781
1 7 l,2 li;

841.,842
339.142
199,202

1.307,514

1,179,188

1392-3.
Tan#.
427,123
$15,027
275,817

1891-2.
Tons.
297,250
573.031
310.137

1,180,250 1,218.567
330,129
890,84 m
170,519
162.927

1,180,771
2S7.1S9
133,053

1893-4.
Tam.
218.983
09 4,801
208.600

1,741,018

1.717,022

1,651,018

1.130.1*22 1,513.483 1.738.580
Coftl a til
Merehan
.. 338,3 U
595.935
840,0 r»
I miuL w-t , itU,etc.438,093
4 40,729
041.010
Bto II*7... ......... 253,259
2 48,340
231,264
B r ic k .. .
102,000
180,1 UNI
184,687
I r o n ..... .. ..... 257,080
220,822
130,860
SasiO nnd .r a v e l 205,021
140,979
118*454-

1.803.070
730,510
640,521
322,777
308,450
256.401
200.080

1.565.537
096,151
561,347
207,562
259,087
214,007
101,865

1,272315

3,725,400

3*833,071

34322,420

3,043. i n

Thas in wheat there was a further falling off in the
late year, as we should expect, reducing the tonnage in
that item to 152,935 tons ; only three years before it
had been 427,123 tons. In corn there was an increase
from 384,672 tons to 375,038 tons, but in 1893-4 the
corn tonnage had been 694,681 tons. Oats makes a
very good comparison, the tonnage having increased in
the late year from 163,968 tons to 333,856 tons, raising
it in excess of any other year given. Taking the three
cereals— wheat, corn and oats— together, wo get an
aggregate of 882,477 tons for 1895-6, against 041,842 tons for 1894-5, but against 1,180,250 toas in
1893-1, 1,218,567 tons in 1892-3 and 1,180,771 tons
in 1891-2. This last comparison indicates what the
company mast gain a3 regards the tpimage in these
three leading crops in order to come up to the totals of
other years. In addition, it will basest!, there was also
a loss in the tonnage iu cattle and hogs.
As regards the tonnage in the second group, which
bears a close relation to the state of trade, it was noted
a year ago that some recovery had already occurred in
such articles as stone, brick, iron, and sand and gravel.
In the late year this movement in these articles, it will
be observed, made further headway as the result of the
improvement in trade, which has now again disappeared.
On the other hand such large and leading classes of
freight aa coal and coke, merchandise, and lumber, re­
cord continued declines. Of coal and coke the tonnage
in 1895-6 was only 1,439,422 tons; in 1892-3 it had
been 1,808,076 tons. The merchandise tonnage in the
late year was 558,811 tons; in 1892-3 it had been 730,olO, Of lumber, lath and shingles the road moved
m fc s "'ii tons in 1395 6, against 616,521 tom in

1013

1892-3. Taking all the items under Group II. we dis­
cern that there has been only a trifling recovery in
1895-6, after a loss of nearly a million tons in the two
years preceding—-that is, the road carried 3,333,071
tons in 1895-6, against 4,272,815 tons in 1892-3.
The items embraced in the two groups cover roughly
70 per cent of the company's entire freight traffic,
and reflect quite accurately the course of the general
movement. The road transported altogether 6,394,522
tons of freight in 1895-6, against 6,227,105 tons in
1894-5, 7,056,579 tons in 1893-4 and 7,479,287 tons in
1892 3. The fact which we mean particularly to em­
phasize by these figures is that there was but little re­
covery in the late year, after the heavy falling off in
the two years preceding. The tonnage mileage
tells the same story, only 1,078 million tons having
been moved one mile in 1895 6, against 1,071 million in
1894-93, 1,288 million in 1893-4 and 1,264 million in
1892-3
It remains to add that in the freight revenues
the small increase in traffic which occurred in the late
year was more than offset by a decline in rates, the
average per ton per mile in 1895-6 having been T03
cent, against TQ5 cent in 1894-5, so that the freight
earnings for 1895-6 were actually the smallest of all
recent years. In the passenger earnings there is a gain,
but it is very small; as in the case of freight, there
was a very heavy loss in the previous year.
As it happens, miscellaneous income also diminished
in the late year. Altogether aggregate gross earnings
(from all sources) in 1895-0 were but $17,359,653,
against $17,420,816 in 1894-95. Nevertheless, as said
at the outset, the general showing for 1895-96 is much
oetter than that for 1894-93. This will appear when
we note that though the company had no such excep­
tional item of outside income as in 1894-95 (when
$746,680 deferred interest received on Minneapolis So
St. Louis bonds and $407,400 of premium realized on
the sale of bonds of the same company, making $1,154,080 together, appeared in the accounts), yet the income
statement for 1895-96 shows a surplus above the year’s
charges and dividends of over half a million dollars
($500,592), while the surplus in 1894-5 was but $352,547. It is true in this latter year the result was
reached after the payment of 3 per cent in dividends,
whereas in 1895 96 the dividends were only 2 per cent,
but the difference on teat account was only $461,558,
while, as we have seen, the amount of the exceptional
income cut off was no less than $1,154,000.
To bring out the difference between the two years
more clearly, we may say that in 1894-95 the company
paid in dividends $1,384,674, while the amount avail­
able for dividends on the operations of the road for the
twelve months was only $583,141, the deficiency of
$801,533 being made good out of the $1,154,080 of
interest and premiums received on the holdings of
Minneapolis & St. Louis securities. In the late year
tne company paid out only $923,116 in dividends, but
had $1,423,708 available for the purpose from the
operations of the road. In other words the company
in 1895-6 earned for the stock 3-09 per cent,
against only 1*26 per cent In the year preceding. The
result has been obtained, as already said, with a slight
further diminution in aggregate gross earnings, so
that the improvement is due entirely to a reduction in
expenses. We find that the expenses (including taxes)
amounted to only $11,866,594 in 1895-90 against
$12,082,261 in 1894-95, leaving not of $5,493,059
against $4,738,555. The ratio of expenses to eiraings
was only 6S*36 per cent against 72*80 per cent.

1014

THE CHEONICLE.

[V ol . L X U ,

While this makes it evident that the outlays have
As the operating cost has been so largely reduced, it
becomes important to see in what departments the re­ not been as liberal as in the years before the depression
duction has been effected. Comparing the last two in business, it by no means follows that the property
years, we find that the decreases are such as indicate has not been kept in full repair, or that all has not
increased economy in the operation of the road, not been spent upon it that should have been spent. In
such as suggest a saying at the expense of the condi­ the first place it should be remembered that in 1892-3
tion of the property. Thus, for agents and station and 1893*4 the expenditures for these purposes were
service the company spent only $1,536,699, againBt unusually heavy, nearly all the large companies then
$1,734,083 ; for engineers, firemen and wipers $1,119,- making a great many improvements (and charging the
583, against $1,243,472; for fuel for locomotives, $1,- cost to earnings) in order to put their systems in con­
022,919, against $1,181,335; for freight train service, dition to handle the traffic expected in connection
$557,792, against $658,964 ; for freight car mileage, with the World’s Fair. Then also with a diminution
$137,368, against $389,036 ; for general office expenses, in the volume of traffic there ought to be like­
$384,761, against $412,281, &c., &c. On the other wise some reduction in the amounts required for
hand the expenditures for maintenance and repairs maintenance— with cars and locomotives less in use,
were in most cases heavier than in the year pre­ they should be less in need of repairs, and with a
ceding : for repairs of engines and tenders, $575,163, smaller number of trains running over the road, the
against $550,105 ; for freight cars, $591,310, against wear and tear upon track ought to be smaller, though
$400,582 ; for rails, $162,853, against $121,334 ; for of course no one would expect any such large contrac­
ties, $377,118, against $366,959, &c.
tion here with the shrinkage in the volume
A study of these repair expenditures, however, to of traffic as in the case of the cost of con­
yield conclusive results, must be extended over a ducting transportation. Moreover, prices have fallen,
somewhat longer period of time, especially as it is and many items of supplies and materials can
known that the outlays in this way in the year preced­ be bought much more cheaply than formerly. As
ing had been very much restricted by the conditions a result, a given amount of money may really represent
prevailing. While the grand aggregate of all expenses larger repairs than the same amount a few years ago.
in the late year was reduced over $815,000, it is well to
The item of tie renewals furnishes an illustration of
bear in mind that the reduction also comes after a re­ this latter point—perhaps an extreme illustration. It
duction nearly three times as large in 1894-5. As will be seen by the table above that the cost of that
against disbursements of $11,866,595 in the late year item is given at $377,118 for-1895-96, against $377,960
and $12,682,261 in 1894-5, the disbursements in 1893-4 for 1892-93— that is a trifle less. On reference to the
had been $14,977,479 and in 1892-3 $15,083,688. The schedule of materials consumed, we find that the num­
difference between the earlier years and the last year is ber of cross-ties used in 1895-96 was 902,746, whereas
thus over three million dollars, and it is hence very the number in 1892-3 had been only 685,627.
desirable to see to what extent a saving in repair and
Taken all in all, we have in the facts stated strong
renewal outlays has contributed to the reduction. To grounds for thinking that the diminution in th
aid in such an analysis we give the following, compar­ amounts spent upon maintenance the last two year
ing for the last four years the eleven items of mainte­ was effected without involving any detriment to the
nance expenditures contained in the company’s reports, property. We may add that the expenditures for new
adding at the end the aggregate of the expenses for construction and equipment charged to capital account
other purposes (for conducting transportation, &c.,) during the last two years have been comparatively
and the grand total of all expenses.
small— $459,861 in 1895-6 and $424,665 in 1894-5—
E X P E N D IT U R E S O P C H IC A G O R O C K IS L A N D & P A C IF IC .
and from an enumeration of the items, as given in the
-Y ea r ending March 3 1 .-------------,
report, it is apparent that they are all legitimate
1896.
1895.
1894.
1893.
Repairs o f—
$
$
$
$
Engines and tenders.......
575,163
550,105
727,241
775,743 charges to capital.
Paastenger cars.................
220,849
2 6 6 ,6 5 6 )
With reference to the decrease in the other items o f
Sleeping cars....................
60,705
48,917
V321,962 466,609
Tourist ears........................
3,881
1,846 )
Freight cars.........................
591,310 400,582
703,591
833,107 expenditures (outside of those for maintenance), where
Kails (renew als).................
162,853 121,334
189,521
118,850
Ties (renew als)...................
377,118 366,959
328,194
377,960 there was a reduction from $9,898,391 in 1892-3 and
Boadw ay and tra ck......... 1,229,074 1,294,066 1.640,397 1,832,148
Fences, oross’gs & signs.
72,882
64,478
74,178
64,609 $10,143,482 in 1893-4 to $8,915,831 in 1894 5 and then
Bridges, culverts and
cattle guards....................
438,953 446,770
547,209
417,910 to $7,903,864 in 1895-6, it is of course obvious that
Buildings and fixtures...
229,943
204,717
301,704
298,361 the lessening in the volume of traffic, both passengers
Total repairs.............. 3,962,731 3,766,430 4,833,997 5,185,297 and freight, would involve a decrease in the cost of
Other expenditures........ 7,903,863 8,915,831 10,143,482 9,898,391
Gr’d tot'l, all oxpens.11,866,594 12,682,261 14,977,479 15,083,688 conducting transportation— there will be less men re­
This tells us that though the company spent some­ quired to handle the traffic, less fuel to move it, and
what more upon maintenance in the late year than in decreases in numerous other ways. But it deserves to
1894-95, yet the amounts have in most cases been be noted that the comp my has been showing steadily
much below the corresponding outlays of the two pre­ increasing efficiency in its operations during the last
ceding fiscal years. Upon engines and tenders the two years. This fact clearly appears bv the following.
Freight train
To?i8 one
Av. tra in
expenditures were $575,163 in 1895-96 against $727,Year ending March 31—
mileage.
mile.
load.
1,078,8^6,776
. 7,510,857
241 in 1893 94 and $775,743 in 1892-93; upon freight
143
. 8,866,103
121
1,071,763,263
cars $591,310 against $703,591 and $833,107 respec
10,898,552
118
1,288,576,685
tively; upon roadway and track $1,229,074 against
10,661,686
1,264,387,796
118
$1,640,397 and $1,832,148 respectively,&c., &c. For the
We here see that the average train load has been in­
whole eleven items the aggregate of the outlays (for creased twenty-five tons during the last two years,
repairs, renewals and maintenance generally) was only raising it from 118 to 143 tons. Of course as com­
$3,962,731 in the late year, against $4,833,997 in pared with some of the leading systems in the Bast
1893 94 and $5,185,291 in 1892-93. The decrease as the average is even now small, but the conditions are
compared with the earliest year is about 1(- million not the same out West. It will be observed that the
dollars, or over 20 per cent.
greater part of the increase occurred in the latest year,

JUNE 6, lS'Jb.]

THE CHRONICLE.

and evidently that explains the large redaction in ex­
penses in that year (on top of reductions in previous
years) with no diminution in the volume of business
done. How the larger train load operated to contract
expenses is apparent from the fact that on a slightly
larger tonnage movement one mile the freight train
mileage was only 7,510,857 miles in 1895-6 against
8,866,103 miles in 1891-5, a reduction of 1£ million
mdes, or over 15 par cent— all in one year.

STA TE R ES TRICTIO V S U P O N C A R R IE R S I N
IN T E R -S T A T E COMMERCE.
The decision of the United States Supreme Court,
two weeks ago, in the case of the State of Illinois
against the Illinois Central Railroad involved some
rather important questions. We have waited for the
receipt of the full text of the opinion on that account
and also because the newspaper reports of the decision
were rather meagre and in one or two particulars like­
wise appeared to be conflicting. We now have a copy
of the decision, and are therefore in position to review
it intelligently.
The doctrine accepted by the Supreme Court as
to the relations between the States and the United
States in the matter of inter-State commerce is of
course well known, and in that particular it would
appear the present decision adds nothing new. But it
shows how that doctrine is to be applied in cases like
that under review, and furthermore it indicates how
the Court is likely to construe State statutes which are
apparently or actually in conflict with the clause iu
the Federal Constitution giving to Congress the power
to regulate commerce among the States. The import­
ance of the case lies in the fact that in other States
controversies also exist involving, if not the same,
somewhat analogous features. In the arguments be­
fore the Supreme Court Mr. James Fentress presented
a notable and an exceedingly able brief in behalf of
the Illinois Central, in which the subject of inter-State
commerce and the powers of the States and National
Government were discussed very minutely and with
great force and cogency.
The actionin which this ruling was obtained was based
on a section of the Revised Statutes of Illinois of 1889
declaring that "every railroad corporation shill cause
its passenger trains to stop upon its arrival at each sta­
tion, advertised by such corporation as a placs for re­
ceiving and discharging passengers upon and from such
trains, a sufficient length of time to receive and let off
such passengers with safety; provided, all regular pas­
senger trains shall stop a sufficient length of time at
the railroad station of county seats to receive and let
off passengers with safety.” It appears that the com­
pany has a station at Cairo, 111., which place is a county
seat,
and that up to
about 1891 the com
pany was in the habit of running all its pas­
senger trains to and from that station, and made it
the Sauthern terminus of its road. About that time,
the company began to put on a daily fast mail train to
run from Chicago to New Orleans, carrying passengers
as well as U. 8. mail, and this train did not 3top at
the station in Cairo, but connected at a point some nine
miles out on the main line with a short train from
that statioo. To stop at the station the train would
have to leave the main line at Bridge Junction and run
down 3 j miles to the station and then back again the
same distaace. The company actually did run six
regular passjnger trains daily in that way, "g iv in g

1015

adequate accommodations for passengers to or from
Cairo,” but it avoided the detour of seven miles on the
fast mail train.
This failure to stop at the station ia Cairo did no t
please the local authorities. Accordingly on April 17,
1891, a petition was filed in the C rcuit Court for Alex­
ander County in Illinois, by the county attorney, in be­
half of the State, reciting the fact that the road ran its
south-bound fast mail train through Cairo and ove r
the bridge across the Ohio River without stopping at
the station at that point, and asking fora writ of man­
damus to compel it to stop. In its defense the Illin­
ois Central contended that the Illinois statute did not
require the fast mail to be run to and stopped at the
station in Cairo; and furthermore that the statute was
contrary to the Constitution of the United States, as
interfering with inter-State commerce and with the
carrying of the United States mails. The Court
granted the writ of mandamus, and the Central ap­
pealed to the State Supreme Court in Illinois, which
affirmed the judgment. The company then carried
the case to the Uaited States Supreme Court ou a writ
of error, a'nd that Court has now reversed the judg­
ment and remanded the cause back "fo r farther pro­
ceedings not inconsistent with this opinion.”
Justice Gray, in delivering the opinion of the Court,
said that the line of railroad communication crossing
the Ohio River at Cairo, and of which the Illinois
Central forms part, has besn established by Congress
a3 a national highway for the accommodation of inter­
state commerce and of the mails of ths United States,
and as such has been recognized and promoted by the
State of Illinois. The State Supreme Court in its
ruling had held that the statute which is the subject
of controversy, not only required every train to stop
at every county seat at which it arrived, but that as
Cairo was admitted to be a county seat the sta­
tute required every train passing through the
city of Cairo to go to and stop at the station
in that city.
The construction given to the
statute in this particular, says Jus ice Gray, does
not involve any Federal question, and must be accepted
by the U. S. Supreme Court in judging of the consti­
tutionally of the statute. But the effect of this
construction "is to require a fast mail train, carrying
inter-State passengers an l the Uaited States mail,
from Chicago to places south of the Oaio River, over
an inter State highway established bv authority of
Congress, to delay the transportation of such passen­
gers and mails, by turning aside from the direct inter­
state route, and running to a station three miles and
a-half away from a point on that route, and back again
to the same poinf, and thus traveling seven miles
which form no part of its course, before proceeding on
its way; and to do this for the purpose of discharging
and receiving passengers at that station, for the inter­
state travel to and from which, as is admitted in this
case, the radroad company furnishes other and ample
accommodation.”
It is the unanimous opinion of the Court that this
requirement is an unconstitutional hindrance and ob­
struction of inter-State commerce and of the passage
of the mails of the Uaited States. One of the points
as to which the newspaper accounts of the decision
left us in doubt was whether the Court based its
opinion of the constitutionality of the statute upon
the ground of its being an obstruction to the carrying
of the mails or an obstruction of inter-State com­
merce. The opinion plainly says it is an obstruction

1016

THE CHRONICLE.

of both. In elaborating the decision Justice Gray
declares that the duties of the road were not confined
to those which it owed to the State of Illinois under
the charter of the company and other laws of the
State, but included distinct duties imposed upon the
corporation by the Constitution and laws of the United
States.
The State may doubtless, says Justice Gray, compel
the railroad company to perform the duty imposed by
its charter of carrying passengers and goods between
its termini within the State. But so long at least as
that duty is adequately performed by the company the
State cannot, uuder the guise of compelling its per­
formance', interfere with the performance of paramount
duties to which the company has b3en subjected by
the Constitution and laws of the United States. The
State may make reasonable regulations to secure the
safety of passengers, even on inter-State trains, while
within its borders. But the State can do nothing
which will directly burden or impede the inter-State
traffic of the company or impair the usefulness of its
facilities for such traffic.
The company in its defense had offered to prove that
the running time of the fast mail train was fixed by
the Post-Office Department of the United States and
could not be changed by the company. But the State
Supreme Court had declined to accept this as a valid
argument, saying it was not competent for the company
to enter into a contract with the Government of the
United States whereby it might render itself incapable
of complying with the laws of Illinois.
A d­
dressing himself to that point, Justice Gray says
it may well be, as held by the courts in Illinois,
that the arrangements made by the company with
the Post Office Department cannot have the effect of
abrogating a reasonable police regulation of the S tate.
But a statute of the State which unnecessarily inter­
feres with the speedy and uninterrupted carriage of
the mails of the United States cannot be considered as
a reasonable police regulation.
The Court takes pains
to state that the question whether a statute which merely
required inter-State railroai trains, without going out
of their course, to stop at county seats— whether such
a statute would be within the constitutional power of
the State— that question was not presented, and the
Court doe3 not undertake to decide it.

M ANCHESTER’ S T R A D E W IT H TH E UNITED
STATE S A N D WORLD.
M an ch ester , May 23d, 1896.
Por many years the reputedly specific character of
Manchester business life has been gradually changing.
Long ago Manchester ceased to be a city of cotton
mills, and there are now, even in the industrial out­
skirts on the north and east, hardly as many establish­
ments devoted to spinning or weaving a3 could be
counted on the fingers of both hands. These opera­
tions are carried on in numerous towns in Lancashire,
Cheshire and Derbyshire within a radius of 35 miles
from the Royal Exchange, which from very small
beginnings have grown up into great producing cen­
tres, having this city as their sole market for the sale
and distribution of their products. Each of these
centres has again become specialized by its devotion
mainly to a particular branch of a highly diversified
industry. The organization of the cotton manufac­
ture has thus been carried more nearly towards com­
pleteness in these districts than in any part of the

[VOL. LX1I.

world. This is one, though only one, and by no­
means the most important, of the reasons for its suc­
cess, notwithstanding the increasing severity of foreign
competition.
But within the last twenty years a further change
has taken place. Manchester is, indeed, more than
ever the mercantile centre of the British cotton trade,
but it_ha3 become and is becoming still more a city of
varied commerce apart from that of cotton fabrics,
and the seat of many kinds of industries not always
connected—or but remotely connected— with that of
cotton. The effects of this later development are at
thi3 moment perceptible to the observant eye in many
ways. Business premises and dwelling houses are,
with rare exceptions, fully ocoupied, and building and
rebuilding are going on actively in nearly all parts of
the city and its suburb3. New erections in the com ­
mercial portion— the centre— are mounting higher, al­
though there are no such gigantic piles as those which
in New York are, I observe, attracting the attention
of your legislators. The population, too, is growing;
and if the residential districts where many Manchester
men live be included with the area of the city itself,
the number of inhabitants is probably, as I shall pres­
ently show, considerably in excess of 1,000,000. It is
interesting to notice the constant and still uninter­
rupted progress of the population since the beginning
of the century. In the following table the number of
people dwelling within the registration districts of
Manchester, Salford, Prestwich, Barton and Ohorlton
and the sub-districts of Heaton, Norris, Altrincham,
Wilmolow and Hyde, is shown at each census of the
present century, as well a3 the increase and increase
per cent in each decade :
Population.
1 8 0 1 .......................................... 143,738
1 8 1 1 ...................................... —173,634
1821 ........................................230,700
1831 ......................................324,72 2
1841 ........................................416,734
1 8 5 1 .................
526,019
1861 ....................................... 621,975
1 8 7 1 .........................................718,099
1 8 8 1 ................. .....................876,2l(7
1 8 9 1 ......................................... 998,763

D ecennial
Increase.
..
29,836
57,066
94,022
92,012
109,284
95,957
96,124
158,118
122,546

Increase
P er Cent.
20‘7
3 2 '8
40 '7
2 8 '3
2 6 '2
18 2
1 5 '4
22-0
13 9

If it be assumed that the rate of increase shown in
the last of these decades— 12,255 per annum—and no
more, has continued during the last five years, it will
appear that the present population of the area in ques­
tion is 1,060,038. But the opening of the Manchester
Ship Canal at the beginning of 1891 has added to it
a large number of persons connected, directly and in ­
directly, with the service of the new port. Estimat­
ing this accretion on the basis of the tonnage of the
port it can hardly be put down at le33 than 15,000.
The figures just written may therefore be increased to
1,075,033. It is very probable that the new business
and the augmented population, due to the traffic o f
the canal, are an important cause of the evidences of
building extension now visible.
The latest traffic returns of the ship canal show
that during the four months ended on April 30th
there were carried inward and outward 533,533 tons
of merchandise, against 378,287 tons in the corres­
ponding portion of 1895, the increase this year being
155,216 tons, or at the rate of more than 41 per cent.
These figures speak for themselves, and the only com ­
ment required is that during the first two months of
last year business with some of the Continental ports
was somewhat checked by the severe and prolonged
frost which prevailed all over Northern Europe. Tne
navigation of the canal was at no time stopped by ice,..

J unk 6, 1896.j

THE CHRONICLE

1017

terms of either a “ protectorate ” or an “ annexation/
but of something midway. The Queen would be re­
tained for purposes of internal administration, but
France would take entire charge of external relations,
The treaties were however, he said, abolished. One of
them, that with Great Britain, was concluded in 1865.
It provides that import duties are not to exceed 10 per
Tons.
Receipts.
cent,
that “ most favored nation ” treatment is to be
T e a r 189-1......
925,650
£91,656
T ea r 1895.............................................................. 1,358,875
136,795 accorded to British trade, and that no change or ter­
Four months, 1 8 9 6 ... ._. . . . . . — ___ . . . . . ___ 533,533
49,716 mination is to take place except by consent of both
The imports of raw cotton into Manchester this season parties.
Another Madagascar treaty substantially
via the ship canal directly from the countries of origin identical in its terms with this was concluded by Mada­
have so far been 112,932 bales from the United States gascar with the United States in 18S1. There can be
and 61,589 bales from Egypt, a total of 177,521 bales. little doubt that the maintenance of these treaties is at
This is of course only a fraction of the cotton consumed present the subject of diplomatic communications be­
in these districts, but direct importation is growing tween the British and American Governments on the
and is likely to continue growing as the immense dif­ one hand and the French Government on the other.
ficulties connected with shipping and other arrange­ The Manchester Chamber of Commerce has addressed
ments are overcome. Spinners find a distinct and im­ letters to Lord Salisbury on this subject and in one of
portant saving in the cost of their cotton when laid them has expressed the opinion that in assuming the
down at the mill by direct importation. In the case rights of the Queen of Madagascar in regard of her
of other raw manufacturing materials and of bulky foreign affairs, the French Government has assumed
food products the economy is even more marked. An also the treaty obligations into which she had entered.
importer of paper-making material not in a very large No more definite reply to these communications has
way of business recently admitted that the canal had yet been made than that the whole question is receiv­
been the means of saving him not less than £1,500 a ing the “ close ” attention of the Foreign Office, the
year. All the railways radiating from the city are adjective being unusual and therefore significant.
now connected with the Manchester docks, and cargo
A further point not remotely interesting to exporters
is directly lifted from the hold of the ship to the of American cotton goods to the Dark Continent arose
trucks, and is at once despatched to its destination, recently. It appears that the Government is accus­
unless it is intended to be warehoused or distributed tomed to pay troops and native laborers on the railway
here.
now being made from Membasa to Lake Victoria,
A question of importance to American exporters, ee- whenever payment in kind is necessary, in American
pecially of cotton goods, arising out of the recent con­ drills and sheetings exclusively, these being recognized
quest of Madagascar has excited considerable interest a3 currency in British East Africa. The establish­
in Manchester. Great Britain and the United States ment of English rule there, and the new trade which
have hitherto had mnch the largest share of the exter­ is arising, are increasing and are likely to increase still
nal trade of that island, your excellent brown sheetings more the demand for these goods. A representation
having a particularly strong hold upon the Madagascar has, therefore, been made to the Foreign Office in fa­
markets, as well as in those of other parts of Africa. vor of the employment of British as well as American
In February last the French Government notified cotton goods for currency purposes. The reply re­
foreign powers that it had “ taken possession” of ceived is to the effect that as American marks have
Madagascar. It was about the same time announced acquired reputation amongst the natives, an injustice
in the Chamber of Deputies that all treaties between would be done by employing others which are less esti­
the Queen of Madagascar and other nations were in mable in their eyes and have a lower purchasing power.
fact canceled, and that a bill would be introduced in­ Consistently with the observance of this principle,
to the Chamber providing for the admission, duty free, however, no obstacle would be thrown in the way of
of French productions, whilst those of all other coun­ the distribution of British manufactures.
tries would be subjected to the import tariff of France.
It has recently come to light that English and
Upon receiving the notification just referred to, the American trade-marks are being fraudulently imitated
representatives in Paris of Great Britain and the and applied to cotton productions sold in the Persian
United States inquired from the Foreign Minister Gulf and RedJSea markets, and, at least in respect of
what it implied. For a considerable time no answer English trade-marks, for yarn in the China markets.
was returned, and it is only to be inferred that it has In the latter case the fraud has been traced to Bombay
now been received from the fact that a few days ago cotton mills, and the India Office ha3 been requested
Mr. Curzon, the Under Secretary of State for Foreign to authorize the issue of an official notice warning all
Affairs, stated in the House of Commons that “ repre­ concerned of the penalties to which they are liable
sentations” had been addressed to the French Govern­ under the Indian Merchandise Marks Act. The source
ment upon the subject of the Madagascar tariff. The from which the pirating of American marks proceeds
obvious inference is that the projected change in the is not yet quite clear. It may be India or it may be
tariff of the island has been officially communicated to one of the Continental countries.
the two inquiring representatives.
The Manchester branch houses of American import­
The interest of the question lies in the fact that ing firms are complaining of the needless expense and
commercial treaties exist between Madagascar and oth­ trouble imposed upon them by a new regulation of the
er powers which, if they are now worth anything, stand Treasury Department at Washington, forwarded
in the way of the proposed arrangement. The late by the Department of State to United States
French Foreign Minister, M. Bsrthelot, declared a consuls,
requiring
that
the
certification of
little before his resignation that the new relationship invoices of goods exported shall be effected
of Madagascar to France could not be described in in the consular district in which the place of
but the general effect of the frost was to impede traffic
in the North European countries, and thus to check
business with Manchester as well as with other ports
of the United Kingdom. I append statistics of the
canal traffic and traffic receipts for each of the twoi
complete years since its opening and for the pa3t four■
months :

1018

THE CHRONICLE.

[VOL. L X II.

manufacture is situated. Hitherto certification has tricts of the Northwest, where the consumption of im­
been allowed at the place of shipment where goods ported cotton fabrics is immense, the dearness of food
from other districts are collected, examined and packed. is likely to check during the next three mo nths the de­
The effect of the new order is to increase the number mand for Manchester goods. Much must depend,
of certificates required, and in mixed consignments however, upon the character of the next Southwest
the additional expense in consular fees'reaches some­ monsoon, of the advent of which we ought to hear
times considerably over 1 per cent upon the whole value something in the course of the next ten days. The
of the assortment, besides occasioning much labor and rains begin at Ceylon toward the end of May, then
risk of delay in securing the separate certificates. spread gradually northward and westward.
They
Last month the exports from Manchester to the United should reach Bombay during the first three or four
States amounted to £169,336, divided into 37 categories. days of June and the Central and Northwest Provinces
Probably not more than one-half of this amount rep­ a week or two later. At the present moment dry heat
resents merchandise produced in this district, even if prevails over the greater part of India, business and
all the maehint ry (£32,359) be included in it. Linens, transport are slack, and agricultural operations are in
buttons, hosiery, laces, carpets and most of the woolen many parts suspended. The land has been prepared
goods are brought from other parts of the country, for sowing, but seed for most crops i3 not put into the
although they may have been purchased in Manchester ground until after the first monsoon showers. If the
warehouses. For, as already stated, this city is now a amount and distribution of the rainfall should prove
great entrepot for all kinds of merchandise, and mer­ favorable, it is quite likely that by the middle of July
chants in both the export and home trad°s are accus­ buying here for India may show a considerable revival.
tomed to buy here many kinds of goods which are not For although the shipments of piece goods to the de­
dependency during the last four months have exceeded
produced in the immediate district.
The condition of the cotton industry is more encour­ those of the corresponding period last year, they are
aging than it was at the beginning of the year, but still much below the exports of 1894. The following
with some exceptions it is not satisfactory from the are the figures:
producer's point of view. The demand for India, E X P O R T S O P CO TTO N P IE C E G O O D S TO I N D IA , J A N U A R t 1 T O A P R I L 30.
1894.
1895.
1896.
though fairly steady, is by no means active. After the
Yards.
Yards.
Yards.
re-arrangement of the Indian import duties in March a To B om bay............................. 363,461,700 249,093,000 262,656,200
70,228,900
20,425,500
tolerably full flow of business came forward from the “ M adras.............................. 35,334,700
281,879,300
380,876,500
dependency, much of it no doubt having been deferred “ Bengal and B u rm a li....4 43,9 71,1 00
T ota l..................................842,767,500
601,201,200
663,958,200
pending a settlement of the question of the duties.
The great falling off last year was, no doubt,
Then came the foreshadowings of considerably in­
creased planting of cotton in America, which imposed due partly to over-supply induced by anticipation
caution upon buyers of goods and yarns for all mark of the duties imposed in December 1894, but
ets. It is perhaps not widely known on your side the there is nothing in the subsequent increase to warrant
Atlantic that native purchasers in India, in China, and, the belief that the markets are seriously overstocked,
indeed, in most of the principal countries in wnich even allowing for the dearness of food in several dis­
English cotton productions are distributed, watch the tricts during the last two or three months. The main
course of the raw-cotton markets very closely, and in consideration at present, however, is the amount and
Bombay, Calcutta, Shanghai and many other large distribution of the coming monsoon rains. If these
centres the daily telegraphic reports from the Liver­ are not satisfactory, the India trade will probably be
pool and New York cotton markets, as well as crop slack; if they are, we may expect a full average
Much has occasionally been said
intelligence, are followed with great care, and the demand for goods.
transmission of orders to Manchester from the dealers as to the effect of the “ boycott” of British cotton
is largely dependent upon the views as to the future clothsfln India, in consequence of the recent re-arrangecourse of prices entertained by these quick, intelligent, of the import duties, which are supposed to have been
and often highly speculative, people. Purchases in less favorable to the Indian mill industry than those
It is impossible even for
Manchester for India are almost entirely effected by settled at the close of 1894.
telegraph, and detailed instructions referring even to the best informed merchants to speak quite confidently
the immense varieties of fancy cotton woven goods are upon a question of this kind, but certainly they do not
conveyed in the same way. There is consequently no attach great importance to the reported avoidance of
difficulty in placing here orders of the most complex imported goods by the natives.
kind by cable message, and buyers there have it in
In another important market for British cotton
their power to withhold arrangements for a season’s goods— that of Turkey— the position and prospects
business until the last moment, or to act instantly are far from being bright. The massacres and destruc­
whenever their opinions as to the course of prices may tion of property, as well as the interruption of industry
impel them.
and trade, of the past nine months have greatly im­
But apart from the uncertainty attending the out­ poverished and disorganized the population. More­
come of the growing cotton crop, a motive for caution over, in many cases merchants— Armenians especially,
exists in the economic condition of some extensive dis­ through whom the Manchester trade with Asia Minor
tricts in Iadia. The winter harvest has been exceed is chiefly carried on— have been financially weakened
ingly poor in some parts and food is dear there. A by the loss of property and documents of value—
telegram despatched yesterday from Simla, the summer their own or their customers. No failures of im­
headquarters of the Administration, says that in the portance— at least none of Armenian houses settled
Northwest Provinces 265,000 persons are employed on here— have occurred, but their means of buying
Government relief works, 16,000 in Central India and are often straitened, and of course credit is
15,000 in Rajpootana. There is nothing seriously given with particular caution. Even the small number
alarming in this intelligence from the commercial amongst them who are naturalized British subjects
point of view, but it means that in the populous dis­ have not as yet been able to obtain compensation for

THE CHRONICLE.

J csk 6, 1896.1

their los3e3 by robbery and devastation, although the
English Ambassador at Constantinople is affording
them such assistance as he caD. Eor those who are
Turkish subjects their claims are, of course, all but
hopeless. It is not surprising, in view of all the cir­
cumstances, that the exports of piece goods to Turkey
during the last four months have reached only
75,330,200 yards, against 137,9.27,100 yards in the like
portion of 1895 and 125,190,400 yards in 1894.
The home trade for manufactures, and indeed for
all kinds of merchandise, continues active, and the
spring distribution of textiles from the wholesale
houses has been large. To some extent this encour­
aging result is attributable to the fine weather
which has prevailed for months.
It is due also
to the generally full employment of labor in
nearly all parts of the country. The propor­
tion of disemployed work people returned to the
Labor Department of the Board of Trade is consider­
ably below that of the last few years at the same period,
and although some of the manufacturing industries of
the country, the Yorkshire woolen industries for ex­
ample, particularly that of Bradford, are not qaite so
active as they were at the beginning of the year,
there is no serious falling off in the general condition
of British manufacturing establishments, and the pros­
pects of the home trade are assuring.
COTTON A C R E A G E I N THE U N I I E D STA TE S

me.

Not often have our investigations with reference to
the condition of the cotton crop the first of June
afforded as substantial data as this year from which to
draw conclusions. We hardly need to recall the strong
contrasts in this particular other years have furnished
—the floods, frosts, rain or drought which hare often
imparted great uncertainty to the information gath­
ered. it is enough to say here that with very local
exceptions the first five months of the ealeudar year
have been free from any great aet-back of the kind
mentioned, and indeed have been free in large meas­
ure from the many trials so often incident to the
planting and germinating season. As a consequence
the question of the condition of cotton has about it
to-day less obscurity and doubt than is often the case
at this date iti its progress.
Another feature the current year’s investigation
brings out clearly is the existence of a tendency every­
where to increase acreage again.
That is made ♦spec­
ially important at this time because of the comparison
afforded with last year's surroundings, and because of
the light that contrast throws on the question of pos­
sible product. Effort was made in certain States early
in the spring to induce farmers to restrict planting to
last year’s acreage. That such efforts should not have
been succes-iful is no surprise, all the conditions affect­
ing acreage having changed. A restraining fact in the
seeding season of 1895 was that cotton could not be
made at correct quotations. Another was the lack of
money and credit under which the average planter la­
bored at that date; (he lack of money was due to the
uDremunerative return on the 1894 crop, and the lack
of credit to the increasing visible supply of cotton,
which shut out hope of higher rates and encouraged
the fear of a still lower price unless supply was cur­
tailed. Under these conditions planters would not
have planted as much cotton in 1895 as in 1894 if they
could, and they conkl not have done it even had they
been so disposed.

1019

When the season of 1896 opened, the Southern pro­
ducer was in much better shape. He had put no
more land in cotton in 1895 than prudence dictated,
and no more than he could cultivate economically ;
besides he received a much better price for his product
and had fewer debts to pay.
These conditions
obviously gave him a liberty of action with reference
to cotton acreage this year widely different from that
his straitened surroundings admitted of in 1895. Add to
this improved state of the farming class the induce­
ment to an enlarged planting which the remunerative
price ruling in the early months of the year held out,
and which price the already lessened and still decreas­
ing visible supply promised would be no lower but—probably higher— add, we say, to this improved finan­
cial condition, the better price already ruling and in
prospect as an inducement to planting, what result
could be expected to follow other than ars increased
acreage ? The force of the surroundings occasioning
contraction in planting in 1895 and expansion in 1896
will be more fully understood when we state that when
the plans and preparations for planting were begun the
visible supply figures in 1895 were larger than they
had ever been before, whereas at the same period
of 1896 they had not only fallen below what they
were at the corresponding date in 1895, but below
any year since 1891 ; moreover, the average price
of low middling in New York in January 1896 was
7J cents and in February 711-16 cents, against an aver­
age of 5 i cents in January 1895 and 5 1-5 cents in
February of the same year.
Since February 1896 the
price declined, being a trifle lower in March, and then
in turn began to rise, reaching 8 cents in May, hut
closing lower again, the quotation May 30ch being 7§
cents and the month’s average 7J cents.
The foregoing is sufficiently indicative of the leading
influences at work to increase acreage this year. Re­
membering them, no one needs to be told that more
land is under cotton to-day than at this date in 1895.
But notwithstandi g the foregoing we are inclined to
think the tendency this year is to exaggerate in some
degree the added area devoted to cotton. There has
been one forceful influence which has to some extent
acted against expansion. We refer to the caution and
discrimination used in giving credits, which has been
such an obvious feature in every trade during the past
five months. Indeed, the truth is, cotton-planting is
a conspicuous instance among the very few industries
showing expansion in 1896. The rule has been con­
traction. A fear of change in the standard of values
has alarmed financial classes and thrown so much un­
certainty into all business ventures that money lenders
have been slow and unusually careful in making ad­
vances.
CottoD, more largely than any other crop, is
raised on credit. Notwithstanding this, cotton-plant­
ing has'escaped the general depression because con­
traction in acreage was so decided the previous year as
to raise a question of the adequacy of the supply, and
make expansion imperative.
On the other hand the
tendency everywhere to increase acreage has in some
sections and in some degree been held in check by a
conservative feeling among those who supply the cred­
its and furnish the funds required.
C o n c l u s io n s .

What has been said above indicates quite plainly the
character of our usual summary, which is as follows,
and has been made up from the detailed information
received from each of the cotton-producing States, and
given more fullf on subsequent pages,

THE CHRONICLE.

1020
F i b s t .— Acreage

planted in 1896 appears to be a very
little less than in 1894, though it approximates in the
aggregate quite closely to the planting in that year.
This is so although the percentage of increase is larger
compared with 1895 than the decrease was in 1895
compared with 1894 ; that is to say, the increase now
is 12-9 per cent against a decrease shown in our report a
year ago of 11'6 per cent. Of course, measured in
acres the addition this year is, as stated, just about the
same in number as the los3 in 1895, the increase in
1896 being 2,289,882 acres against a decrease of 2,339,584
acres in 1895. A feature of this year’s planting is that the
disposition to put in more cotton has been general, no
district reporting a decrease. There is one condition
other than those noted above which has helped to give
this general character to the development, and that is
the exceptionally favorable weather during the plant­
ing season. But it should be remembered that the
decrease was general in 1895, and hence it is no sur­
prise that when the surroundings all became favorable
there should be a corresponding movement to recover
what was lost. The changes this year as we make
them up are as follows :
Estimated fo r 1896.
Acreage,
1895.

S tates .

Increase.

762,193
1,785,027
2,911,827
235,134
2,544,374
2,576,505
966,595
3,982,136
1,257,847
572,268
173,757

17 per cent.
12 per cent.
14 per cent.
25 per cent.
12 per cent
11 per cent.
7 per cent.
13 per cent.
14 per cent.
12 per cent.
35 per cent.

T otal.......................... 17,767,663

12*9 per ct.

N orth C arolina..............
South Carolina...............
<Jeorgia..........................
F lorid a............................
A labam a.........................
M ississippi.....................
Louisiana........................
T ex a s...............................
Arkansas.........................
T en n essee......................
Other States <fc T ers.*.. -

Decrease.

Acres,
1896.
891,766
1,999,230
3,319,483
293,918
2,819,699
2,859,920
1,034.257
4,499,814
1,133,916
610,940
234,572

.........

20,057,545

* Tlie area o f cotton in tlie Indian T erritory and Oklahoma and Mis
souri has been greatly added to this year, and there has been a
m oderate increase in Virginia. We judge, therefore, that there has
been an increase in “ other States and Territories” of about 35 per cent

This shows a net increase compared with 1895 of 12-9
per cent, making the total 20,057,545 acres in 1896,
against 17,767,663 acres in 1895. We add the acreage
for previous years for comparison, giving at the foot of
the table not only the acreage but the total crop for
each year, with the percentage of increase or decrease
in acreage or production compared with the preceding
year, and the product per acre. The figures of acreage
for 1889 90 in the table are from the Census report;
those for other years are our own compilation. In pass­
ing we would state that our total for the Census year
was 20,309,480 acres, a difference of only 136,534 acres
from an actual house to-house canvass, or a variation of
only seven-tenths of one per cent in ten years.
COTTON A C R E A G E

FOR T IIE

Y E A R S N A M ED —

(0008 OUlitted).

[VOL. L X II,

Second—With regard to maturity, cultivation and
condition of the plant, the conclusions we reach are as
follows :
(1) As to maturity the crop is better advanced
everywhere than in the preceding season, and can be
safely designated as an early one. In one particular
the weather thus far this year has been exceptional.
Almost from the time that seeding first began the tem­
perature has been above the normal, and during April
especially the heat was that of summer rather than of
spring. The warmth thereby imparted to the soil, in
conjunction with timely rains at most points, has served
to develop the plant rapidly and has given to it health
and vigor. From the 1st of May down to about the 20th
there were complaints of lack of moisture in portions
of Texas and in a large part of the Carolinas and
Georgia, retarding the germination of some of the lateplanted seed and checking the growth of cotton ; but
our latest advices, including telegrams received as we
are about going to press, indicate that needed rains
have fallen in many of the affected districts.
(2) Cultivation has been kept up very satisfactorily
all through the season. Of course the rains which
made cotton grow gave growth to weeds as well, but
farmers have been able to keep up with their work,
and it is not often that the situation in this particular
is so widely favorable as at present.
Fertilizers have
been used extensively this year, the takings of commer­
cial sorts exhibiting a very material increase, while
home-made manures have likewise been added to,
though the gain reported is inconsiderable as compared
with the kinds purchased.
(3) Condition of the plant, as our summary has
already indicated, is very promising indeed, taken as a
whole— far better than last year at this date; especially
is this true of the Mississippi Valley, the most produc­
tive section of the South. The States least favorably
situated— if such can be referred to in a year when the
outlook is almost everywhere so satisfactory— would at
this time seem to be the Carolinas and Texas. Suffice it
to say that, speaking generally, the outlook at this writ­
ing is very promising.
Whatever, therefore, the
weather may prove to be in the future, the plant is in
good shape to resist its enemies, and it is hardly to
be doubted that with such a start the current crop
will show a very considerable increase over that of 1895.
Our summaries by States are as follows:
V irg in ia — T h e r e w a s b u t l i t t le d if f e r e n c e b e t w e e n th e
p e r io d o f p la n t in g t h is y e a r a n d la s t , b e g i n n i n g a b o u t t h e
1st o f M a y a n d fin is h in g b y t h e m id d le o f t h e m o n t h .

S eed

c a m e u p w e ll, a lt h o u g h t o s o m e e x t e n t s l o w l y o n a c c o u n t o f
l a c k o f m o is t u r e . S in c e g r o w t h b e g a n , h o w e v e r , t h e w e a t h e r
h a s in t h e m a in b e e n fa v o r a b l e , b u t m o r e m o is t u r e i n c o n ­
ju n c t io n w it h th e v e r y s a tis fa c to r y r a n g e o f te m p e ra tu re
w o u ld h a v e m a d e t h e

s u r r o u n d in g p e r f e c t .

L a tte r ly

th e

m e t e o r o lo g ic a l c o n d it io n s h a v e b e e n a b o u t a ll t h a t c o u l d b e

States.

1895-96 1894-95 1893-94 1892-93 1891-92 1889-90

North Carolina.........
S outh Carolina.........
Georgia......................
F lo rid a ......................
Alabam a....................
M ississippi................
iLoulslana...................
T e x a s .........................
A rkansas.................
Tennessee.................
A ll others...................

762
1,785
2,912
235
2,544
2,577
967
3,982
i,25e
572
174

95c
1,983
3,34f
248
2,859
2,863
1,124
4,474
1,429
629
199

1,003
2,024
3,314
240
2,775
2,807
1,113
4,143
1,415
683
184

899
1,807
3,097
178
2,594
2,673
1,091
3,836
1,374
651
162

1,124
2,0C8
3,366
222
2,760
2,937
1,283
4,506
1,718
723
191

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

Total acreage___

17,768

20,107

19,701

18,362

20,838

20,173

Total production___
7,200
9,893
7,527
6,717
9,039
Increase in acreage.. * 1 1 -6 % 2-06 % 7-2 9 % *11-88 ? *0 34%
Inor’se in prod’ tion.. *27 22% 31-43 % 12*06 % *25*69 % 4-42%
Product per acre,lbs.
194
239
181
173
203
* Eecrease.

7,314
1-98 %
5*46 %
169

d e s ir e d .

N o r e p la n t in g is r e p o r t e d .

g o o d a n d fie ld s a r e in fin e s h a p e .

S ta n d s a r e s t a t e d t o b e

A crea g e— L an d d evoted to

o t h e r c i’o p s la s t y e a r h a s b e e n r e t u r n e d t o c o t t o n t h is s e a s o n ,
r e s u lt in g in a f a i r l y la r g e in c r e a s e — n o t le ss
cen t.

th a n

8

per­

F e r t ili z e r s o f b o t h c o m m e r c i a l a n d h o m e -m a d e v a r ie ­

t ie s h a v e b e e n m o r e la r g e l y u s e d .

N orth Car o lin a — P la n t in g b e g a n in t h is S t a t e e a r lie r
t h a n la s t y e a r ; in s o m e s e c t io n s a s t a r t w a s m a d e d u r in g
t h e fir s t w e e k o f A p r i l , a n d

p la n t in g

w a s g e n e r a lly c o m ­

p le t e d b e f o r e t h e m id d le o f M a y , o r f u l l y a w e e k in a d v a n c e
o f 1895.

S e e d c a m e u p w e ll t o v e r y w e l l ; t h e

e a r ly -p la n t e d

p r o m p t ly , b u t la t e r p la n t in g s g e r m in a t e d

s o m e w h a t s lo w ly ,

b e i n g h in d e r e d b y t h e d r y w e a t h e r w h i c h

p r e v a ile d

t h e s e c o n d a n d t h ir d

w eek s o f M ay.

d u r in g

O n t h e w h o le , h o w ­

e v e r , c o n d it io n s h a v e b e e n q u it e fa v o r a b le s in c e g r o w t h b e ­
g a n , t h e t e m p e r a t u r e in p a r t ic u la r h a v in g in d u c e d r a p id d e -

THE CHRONICLE.

JUNE 6, 1806.J

v e lo p m e n t a n d r e c e n t r a in s h a v in g c o m e a t a n o p p o r t u n e

c u lt iv a t e d . O u r la t e s t m a il a n d t e le g r a p h ic a d v ic e s in d ic a t e
t h a t t h e c o n d it io n s h a v e b e e n q u it e s a t is f a c t o r y s in c e t h e

m o m e n t . T h e Stand is n o w v e r y g o o d , t h e p la n t is v i g o r o u s
a n d w e ll c u l t i v a t e d , a n d m u c h m o r e fo r w a r d t h a n la st sea ­
son .

R e p la n t i n g h a s b e e n

p r a c t ic a lly u n n e ce ssa ry .

b e g in n in g o f t h e

A cre­

a g e — W e n o t e a d is p o s it io n a t a lm o s t a l l p o in t s t o a d d t o t h e

1021
la s t w e e k o f M a y , n e e d e d r a in s h a v in g

im p r o v e d t h e p la n t c o n s id e r a b ly .

A creage — O u r r e p o r t s o n

a r e a a g r e e o n t h e p o in t t h a t t h e r e h a s b e e n a p r e t t y h e a v y

a r e a u n d e r c o t t o n , a n d in s o m e s e c t i o n s t h is d is p o s it io n lias

in c r e a s e .

b e e n q u ite r a d ic a l.

25 p e r c e n t . Fertilizers, a lt h o u g h n o t e x t e n s iv e ly u s e d , h a v e

I t w o u ld

seem

t o u s a fte r a c a r e fu l

a n a ly s is o f o u r r e p o r t s t h a t f o r t h e w h o le
w i l l a v e r a g e a b o u t 17 p e r c e n t .

F o r t h e S ta te a t la r g e w e e s t im a t e t h e a d d it io n a t

S t a t e t h e in c r e a s e

r e c e iv e d m o r e a t t e n t i

t h is y e a r , b o t h a s r e g a r d s c o m m e r ­

Fertilizers— T h e r e h a s b e e n

c i a l a n d h o m e -m a d e s

s.

a c o n s id e r a b le g r o w t h in t h e u s e o f c o m m e r c i a l fe r t iliz e r s

A l a b a m a .— "W h ile w e t w e a t h e r r e t a r d e d f a r m

w ork to

t h is s e a s o n , b u t t h e u se o f h o m e -m a d e m a n u r e s h a s in c r e a s e d

s o m e e x t e n t in t h e e a r ly s p r in g , p la n t in g o p e r a t io n s b e g a n

o n ly t o a m o d e ra te e x te n t .
8 o c t h C a b o u n a .— I n s o m e p a r ts o f S o u t h

a t a n e a r lie r d a t e t h a n in t h e p r e v io u s s e a s o n — t h e 2 0 th o f
C a r o lin a p la n t ­

e r s b e g a n s e e d i n g t h e l a t t e r p a r t o f M a r c h , b u t t h e s o w in g

M a r c h in a f e w d is t r ic t s — a n d b e c a m e g e n e r a l a b o u t t h e 1st
o f A p r i l : o v e r a la r g e s e c t io n p la n t in g w a s fin is h e d b y t h e

o f c o t t o n d i d n o t b e c o m e g e n e r a l u n t i l t o w a r d s t h e c lo s e o f

e n d o f A p r il b u t n o t f u l l y c o m p le t e d b e f o r e t h e 12 th o f M a y .

t h e first w e e k o f A p r i l .

F ro m th a t t im e o n w o r k w a s a c t ­

iv e l y p u s h e d a n d fin a lly c o m p l e t e d
T h e s e a s o n w a s t h e r e fo r e f r o m
la s t y e a r .

a b o u t t h e 1 0 th o f M ay .

a w eek t o ten d ay s ah ead o f

E a r ly -p la n t e d s e e d c a m e u p q u i c k l y a n d w e ll, t h e

T h e s e a s o n w a s a w e e k t o t e n d a y t in a d v a n c e o f 1895.

I t is

n o t o f t e n t h a t s u c h u n i f o r m l y f a v o r a b le r e p o r t s a r e r e c e iv e d
as th o se n o w t o h a n d
bam a.

w it h

r e g a r d t o g e r m in a t io n

in A l a ­

O n e c o r r e s p o n d e n t s t a t e s t h a t s e e d c a m e u p p o o r ly ,

e x c e s s iv e h e a t b e i n g o f t h e g r e a te s t b e n e fit , g i v i n g t h e p la n t

b u t t h is r e m a r k is q u a lifie d b y t h e s t a t e m e n t t h a t i t r e fe r s

a

put in to th e

w h o lly t o la t e p la n t in g s , e a r ly s e e d h a v in g d o n e w e ll. O t h e r

g r o u n d t h e l a t t e r p a r t o f A p r i l a n d e a r ly M a y w a s s lo w in

t h a n t h is o u r r e tu r n s a s t o g e r m in a t io n r a n g e fr o m w e ll t o
b e s t o n r e c o r d , s o t lia t in t h e w h o le S t a t e c o t t o n m a y b e s a id

v ig o r o u s a n d

h e a lth y g r o w th .

B u t seed

g e r m in a t i n g , o w i n g t o l a c k o f m o is t u r e .
a b o u t M a y 21 d e v e lo p m e n t

S in c e t h e r a in s o f

h a s b e e n r a p id , t h e h ig h t e m ­

t o h a v e h a d a m u c h b e t t e r s t a r t t h a n u s u a l.

R e p la n t in g is

D r y w e a t h e r is res[K>nsible

s c a r c e ly r e fe r r e d t o . T h e r e h a v e b e e n n o u n u s u a l d r a w b a c k s

Stands a r e r e p o r t e d a s
e a r ly -p la n t e d seed

s in c e g r o w M i b e g a n ; o f c o u r s e t h e r e a r e a f e w c o m p la in t s o f
n o t e n o u g h r a in , b u t a s a r u le t h e w e a t h e r h a s b e e n q u it e

a v e r a g in g a t t h is w r i t i n g t h e l>est, a lt h o u g h t h e fa v o r a b le
w e a t h e r n o w p r e v a i l i n g is b r i n g i n g o u t la t e p la n t in g s fin e ly .

t h e f o r e g o i n g b u t o n e c o n c lu s io n c o u ld n a t u r a lly b e d r a w n ,

C u lt iv a t i o n lia s b e e n t h o r o u g h , a n d a s a c o n s e q u e n c e fie ld s
a r e n o w in e x c e ll e n t c o n d i t i o n . Acreage — T h e t e n o r o f o u r

r e a lly n o e x c e p t io n t o t h is in o u r r e tu r n s ; o n t h e c o n t r a r y ,

r e t u r n s u n d e r t h is h e a d is t h a t t h e r e h a s b e e n a n a p p r e c ia b le

in o n e o r t w o in s t a n c e s t h e r e p lie s s t a t e t h a t s t a n d s a r e p e r ­

a d d it io n t o c o t t o n a r e a , a v e r a g i n g f o r t h e S t a t e , a s a w h o le ,

fe c t — n ev er b e tte r.

p e r a tu r e m a t e r ia lly a s s is tin g .

f o r a lim it e d a m o u n t o f r e p la n t in g .
f a ir t o

v e r y g o o d , th o se o b ta in e d

f u l l y 12 p e r c e n t .

fr o m

Fertilizers - T h e t a k in g s o f c o m m e r c ia l

v a r ie t ie s e x h i b i t a la r g e

in c r e a s e a n d h o m e -m a d e m a n u r e s

fa v o r a b le , e s p e c ia lly a s r e g a r d s t e m p e r a tu r e . Stands — F r o m
a n d t h a t is t h a t a g o o d

stan d

has b een secu red .

T h e r e is

A creage—T h e t e n d e n c y t h is y e a r h a s

b e e n t o m a t e r ia lly in c r e a s e t h e a m o u n t o f la n d u n d e r c o t t o n ,
t h e a d d it io n t o a r e a in t h e w h o le S t a t e r e a c h in g a b o u t 12 p e r

Fertilizers — C o m m e r c ia l fe r t iliz e r s s h o w a d e c id e d in ­

h a v e b een m o re e x te n s iv e ly u sed.
G b o Ro l a .— A l t h o u g h t h e p l a n t i n g s e a s o n w a s a f e w d a y s

cen t.

la t e r th a n in a n a v e r a g e y e a r , it w a s f u l l y t e n d a y s e a r lie r

g r e a t e r th a n la s t y e a r .

t h a n in 1805.

cre a se d u se, at som e

p o in t s t h e t a k in g s b e i n g 60 p e r c e n t
H o m e -m a d e m a n u r e s h a v e a ls o b e e n

w a s p u t i n t o t h e g r o u n d s h o r t ly a f t e r t h e m id d le o f M a r c h ,

m o r e la r g e ly r e s o r te d t o .
M is s i s s i p p i .— T h e c o n d it io n s w h ic h p r e v a ile d d u r i n g t h e

b u t o p e r a t io n s d id n o t b e c o m e a c t i v e g e n e r a lly u n t i l a b o u t

p la n t in g s e a s o n in M ississip p i d id n o t d iffe r in a n y e s s e n tia l

A p r i l 5 , a f t e r w h ic h d a t e r a p id p r o g r e s s w a s m a d e , s o tlia t
p la n t in g h a d . a s a r u le , b e e n c o m p l e t e d b y M ay 1. G e r m ­

p a r t ic u la r f r o m t h o s e in A la b a m a . A s in 1895 a n d 1894
t h e r e w a s c o m p le t e fr e e d o m fr o m o v e r f lo w , t h u s r e m o v i n g

i n a t io n w a s d e la y e d in a f e w in s t a n c e s b y d r y w e a t h e r , m o r e
p a r t ic u la r l y in t h e l o w e r p o r t io n o f t h e S t a t e , b u t o n th e

o n e o f t h e c h i e f o b s t a c le s t o t h e p r o s e c u t io n o f fa r m w o r k

w h o le t h e s e e d c a m e u p w e l l t o v e r y

A s in t h e C a ro -

S t a t e s e e d in g b e g a n a b o u t t h e fir s t o f M a r c h , w a s a c t i v e in

lin a s , less t h a n t h e u s u a l a m o u n t o f r e p l a n t i n g w a s r e q u ir e d

a ll s e c t io n s t o w a r d s t h e c lo s e o f t h a t m o n t h a n d fin is h e d

— in f a c t , n o n e o f c o n s e q u e n c e . S i n c e g r o w t h b e g a n th e
w e a t h e r , a s id e fr o m b e i n g in s o m e s e c t io n s t o o d r y d u r in g a

s e e d w a s in t h e g r o u n d f r o m

In s o m e s e c t io n s o f S o u t h e r n

w e ll.

G e o r g ia se e d

p o r t io n o f t h e m o n t h o f M a y , h a s f a v o r e d t h e d e v e lo p m e n t
o f t h e p la n t , t h e h ig h t e m p e r a t u r e b e i n g a p a r t i c u l a r l y sa tis ­

in t h e r ic h v a lle y c o u n t r y .

g e n e r a lly t h e fir st o f M a y .

In t h e e a r lie r d i s t r i c t s o f t h e

O n t h e w h o le , t h e r e fo r e , a ll t h e
on e to tw o w eek s ahead o f a

y e a r a g o . O u r c o r r e s p o n d e n t s a r e p r e t t y w e ll a g r e e d t h a t
s e e d g e r m in a t e d w e ll : in f a c t , s o m e s a y e x c e p t i o n a l l y w e ll.

Stands - O n e o r t w o c o r r e s p o n d e n t s r e p o r t

A lim it e d a m o u n t o f r e p l a n t i n g — v e r y lim it e d a s c o m p a r e d

t h e s t a n d s a s o n l y fa ir a n d a n o t h e r s a y s a n a v e r a g e ; w it h

t o t h e a g g r e g a t e a r e a o f t h e S t a t e — w a s n e c e s s a r y , m a in ly

t h e s e e x c e p t i o n s , h o w e v e r , t h e y r a n g e f r o m g o o d t o s p le n d id

a s a r e s u lt o f h a ils t o r m s o n A p r il 29 a n d M a y 2.

an d p e rfe ct.

A t t h e c lo s e o f M a y . a c c o r d i n g t o o u r r e tu r n s ,

n o s e a s o n is e v e r y c o n d i t i o n e v e r y w h e r e s a t is f a c t o r y , t h u s

t h e p la n t w a s h e a lt h y a n d v ig o r o u s , a n d in a h ig h s t a t e o f

fa r in 1896 o u r r e p o r t s in d ic a t e t h a t there, h a s b e e n le ss t o

c u l t i v a t i o n , t h e fie ld s l>eing u n u s u a lly c l e a r o f f o r e ig n v e g e ­

in t e r fe r e w it h t h e g r o w t h a n d d e v e lo p m e n t o f t h e p la n t
t h a n f o r a n u m b e r o f s e a s o n s ]>ast. T e m p e r a t u r e h a s b e e n

f a c t o r y fe a t u r e .

Acreage — In a lm o s t a ll d i s t r i c t s t h e r e s e e m s t o h a v e

t a t io n .

b e e n a d is p o s it io n t o in c r e a s e t h e a m o u n t o f la n d p u t in c o t ­

h ig h ; n o t a c o m p la in t o f c o l d

t o n . a p p r e c ia b ly s o in s o m e in s t a n c e s , s o tha^

r u le t h e r a in f a ll h a s b e e n a b o u t a s d e s ir e d .

f o r t h e w h o le

S t a t e w e e s t im a t e t h e g a in t o h a v e b e e n a b o u t 14 p e r c e n t .
Fertilizers — In G e o r g ia , a s e ls e w h e r e , f a n n e r s h a v e g iv e n
d e c id e d ly m o r e a t t e n t i o n t h is y e a r t o c o m m e r c i a l fe r t iliz e r s ,

W h ile in

n ig h t s r e a c h in g u s, a n d a s a

Stands r a n g e

f r o m g o o d t o p e r f e c t , a n d b e s t in y e a r s . G e n e r a lly t h e fie ld s
a r e c le a n a n d w e ll c u l t i v a t e d . A creage. — O u r r e tu r n s i n d i ­
c a t e t h a t h e r e , a s e ls e w h e r e , t h e d is p o s itio n h a s b e e n t o

a n d th e r e h a s b e e n a m o d e r a t e i n c r e a s e in t h e u se o f h o m e ­

m a k e a n a p p r e c ia b le

m a d e s o r ts .
Ft.' ifUl'A — T o t h e e a s t a n d s o u t h o f t h e S u w a n n e e R i v e r

b e lie v e w e a r e c lo s e t o t h e m a r k in p u t t in g it a t 11 p e r c e n t
Fertilizers, w h ile n o t la r g e ly u s e d , h a v e r e c e iv e d m o r e t h a n

p la n t in g b e g a n t h is y e a r in

th e c lo s in g w e e k o f F e b ru a ry ,

a d d it io n t o t h e c o t t o n a r e a , a n d w e

u su a l a t t e n t io n t h is y e a r .

T h is a p p lie s p a r t ic u la r ly t o t h e

w h e r e a s in 1805 a s t a r t w a s n o t m a d e u n t il t h e m id d le o f
M a r c h . In t h e r e m a in d e r o f t h e S t a t e s e e d in g w a s c o m ­

c o m m e r c ia l s o r ts .
L o u i s i a n a .— T h e r e w a s n o m a t e r ia l d iffe r e n c e in t h e p la n t ­

m en ced

in g s e a s o n t h is a n d

about

h e r e t o fo r e

M a r ch 25 in b o t h y e a r s .

A s in t h e S ta te s

r e v ie w e d , t h e g e n n i n a t i o n o f la t e -p la n t e d seed

la s t y e a r , f o r

w h ile in s o m e

w o r k w a s b e g u n a n d fin is h e d e a r lie r t h a n in

d is t r ic t s

1895. in o t h e r s

w a s h in d e r e d b y d e f i c i e n c y o f r a in f a ll, b u t e a r ly p la n t in g s

it w a s ju s t th e o p p o s it e .

a r e s t a t e d t o h a v e c o m e u p w e ll w i t h o u t e x c e p t i o n . D r o u g h t
h a s b e e n r e s p o n s ib le f o r a m u c h la r g e r a m o u n t o f r e p la n t in g

d a y s in fa v o r o f 1896 w o u ld m e a s u r e t h e a c t u a l d i f f e r e n c e .
A s a r u le se e d g e r m in a t e d w e ll, a n d u n d e r t h e in f lu e n c e o f

t h a n in a n a v e r a g e y e a r , s o m e c o r r e s p o n d e n t s p la c in g

g e n e r a lly

r e -s e e d e d a r e a a t n e a r ly 50 p e r c e n t o f th e w h o le .
g r o w th b e g a n th e te m p e ra tu re

has been

th e

S in c e

u n i f o r m l y fa v o r ­

a b le . b u t a b s e n c e o f r a in has t e n d e d t o r e ta r d th e g r o w t h o f
a n o t h e r w is e s t r o n g p la n t . Stands a r e u n e v e n b u t f a ir ly
good.

W e e d s a n d g r a s s h a v e h a d b u t li t t l e c h a n c e t o g r o w ,

» o th a t w it h o u t a n y |>articular e ffo r t

fie ld s h a v e b e e n w e ll

A lt o g e t h e r , t h e r e fo r e , t w o o r t h r e e

f a v o r a b le m e t e o r o lo g ic a l c o n d it io n s

p r o g r e s s in d e v e lo p m e n t .

m ade good

R e p la n t in g h a s b e e n n e c e s s a r y t o

a m u c h less e x t e n t t h a n u s u a l— p r a c t ic a lly n o n e a t a ll.

On

t h e w h o le , t h e w e a t h e r s in c e g r o w t h b e g a n h a s b e e n d is ­
t i n c t l y fa v o r a b le . T h e t e m p e r a t u r e h a s r a n g e d a b o v e t h e
n o r m a l, t h u s r e m o v in g o n e o f t h e u s u a l c h e c k i n g in f lu e n c e s
d u r in g t h e e a r ly s e a s o n , a n d t h e r e h a v e b e e n b u t f e w c o m -

THE CHRONICLE.

1022

[VOL. LXIJ.

S ta n d s a r e r e p o r t e d g o o d e v e r y - i b u t in s o m e s e a s o n s — a s in 1895— t h is t e n d e n c y , f o r e c o n o m i c
r e a s o n , is h e ld in c h e c k . T h is y e a r , h o w e v e r , s o m e n e w la n d

p la in t s o f la c k o f m o is t u r e .

w h e r e , a n d o n J u n e 1 t h e fie ld s w e r e v e r y c l e a n a n d w e l l
c u lt iv a t e d . A c r e a g e — A l l o v e r t h e S o u t h t h e p l a n t i n g o f

h a s b e e n p u t in c o t t o n , w h ic h , w i t h o t h e r la n d a g a in r e t u r n e d

c o t t o n h a s r e c e i v e d in c r e a s e d a t t e n t i o n t h i s se a s o n , b u t i n . t o t h e s t a p le , m a k e s t h e a g g r e g a t e in c r e a s e in a c r e a g e a b o u t
L o u is ia n a t h e r e s e e m s t o h a v e b e e n m o r e c o n s e r v a t is m t h a n j 13 p e r c e n t . F e r t ili z e r s h a v e r e c e iv e d b u t l i t t l e m o r e a t t e n ­
e ls e w h e r e . E a c h s e c t i o n f r o m w h i c h w e h a v e r e p o r t s m a k e . t i o n t h a n i n f o r m e r y e a r s .
s o m e a d d it io n t o a r e a , b u t f o r t h e S t a t e a t l a r g e t h e g a i n is

I ndian T erritory

and

Ok l a h o m a .— P la n t in g b e g a n a n d

n o t g r e a t e r t h a n 7 p e r c e n t , f e r t i l i z e r s — T h e s o il is n a t u r a lly I w a s c o m p le t e d a b o u t a w e e k in a d v a n c e o f la s t s e a s o n .
s o r ic h t h a t i n m a n y d i s t r i c t s f e r t i li z e r s a r e n o t a t a l l u s e d , j F a v o r e d b y h ig h t e m p e r a t u r e a n d a s u f f ic ie n c y o f m o is t u r e
B u t in a f e w s e c t io n s t h e b e n e fit d e r i v e d i n i n c r e a s e d p r o ­

t h e se e d g e r m in a t e d w e ll a n d t h e p la n t d e v e lo p e d

d u c t iv e n e s s is g r a d u a l l y b e c o m i n g a w e l l - k n o w n f a c t , a n d a s

in g ly .

a r e s u lt w e h a v e t o r e p o r t t h a t b o t h c o m m e r c i a l a n d h o m e

g r o w t h b e g a n t h e w e a t h e r h a s b e e n a lm o s t u n i f o r m l y f a v o r ­

m a d e m a n u r e s h a v e m e t w i t h in c r e a s e d u s e t h e p r e s e n t y e a r .

a b le , s o m e c o r r e s p o n d e n t s g o i n g s o f a r a s t o s t a t e t h a t i t h a s

A rk an sas .— I n s o m e d i s t r i c t s o f A r k a n s a s f a r m r s b e g a n

p r o m is ­

T h e r e h a s b e e n n o n e c e s s it y f o r r e p la n t in g .

b e e n ju s t r ig h t .

T h e s ta n d s a r e

S in c e

v e r y g o o d , t h e p la n t is

s e e d in g in t h e c l o s i n g d a y s o f M a r c h , b u t g e n e r a l l y p l a n t i n g

h e a lt h y a n d g r o w i n g fin e ly , a n d t h e fie ld s a r e c le a r o f w e e d s

d id n o t b e g i n u n t i l n e a r t h e c lo s e o f t h e fir s t w e e k o f A p r i l

a n d g r a s s a n d in a h ig h s t a t e o f c u l t i v a t i o n . A c r e a g e — H e r e ,

a n d w a s c o m p l e t e d s h o r t ly a f t e r t h e fir s t o f M a y .

a s e ls e w h e r e , t h e d is p o s it io n t o

o u r co rr e sp o n d e n ts in

W e ste rn A rk a n sa s

p la n t e d

s lo w ly

say

A fe w o f
th a t

la te -

a c r e a g e is c le a r ly a p p a r e n t .

m a t e r ia lly in c r e a s e c o t t o n

I n t h e I n d i a n T e r r it o r y o u r r e ­

o f i n s u ff ic ie n t

p lie s in d ic a t e t h a t t h e a d d i t i o n h a s b e e n a p p r o x im a t e ly 45

m o is t u r e , a n d t h a t i n c o n s e q u e n c e a s m a ll a m o u n t o f r e ­

p e r c e n t a n d i n O k la h o m a t h e g a in r e a c h e s f u l l y 40 p e r

p la n t in g h a d t o b e d o n e .

cen t.

seed ca m e u p

on a ccou n t

A s a r u le , h o w e v e r , s e e d g e r m i ­

n a t e d w e ll, a n d i n s o m e i n s t a n c e s i t is s t a t e d t o h a v e c o m e
up

s p le n d id ly .

E x cep t

in

a

fe w

d is tr ic ts

t h e w e ste rn p o r tio n

of

d i s t in c t ly fa v o r a b l e

a ll t h r o u g h M a y .

lo c a te d

in

t h e S ta te , t h e w e a th e r h a s b e e n
S i n c e t h e 1 2 th o f

T a k e n t o g e t h e r , t h e e x c e s s in a r e a t h is y e a r o v e r la s t

is a b o u t 44 p e r c e n t . F e r t i l i z e r s a r e
th o u g h t, th e g r o u n d n o t r e q u ir in g th e m .

g i v e n h a r d ly a n y

M issouri .— P l a n t in g b e g a n a b o u t t h e u s u a l t im e t h is s e a ­
s o n — t h e m id d le o f A p r i l — b u t it w a s n o t c o m p l e t e d q u it e as

M a y t h e c a u s e f o r c o m p l a i n t — a b s e n c e o f r a in — in W e s t e r n

e a r ly a s in 1895.

A rkan sas has been re m o v e d .

i n g t o o u r r e p o r t s , a n d s in c e g r o w t h b e g a n t h e w e a t h e r h a s

H i g h t e m p e r a t u r e a n d s u ffi­

c ie n t m oistu re , h a s f o s t e r e d

a r a p id

p la n t a n d

now

d e v e lo p m e n t o f

th e

G e r m in a t io n w a s v e r y s a t is f a c t o r y a c c o r d ­

in t h e m a in b e e n h i g h l y fa v o r a b le .

A t t h e c lo s e o f M a y ,

and

h e a lt h y .

h o w e v e r , a n e x c e s s o f m o is t u r e w a s c o m p la in e d o f a t a f e w

S ta n d s a r e v e r y g o o d a n d fie ld s w e l l c u l t i v a t e d .

A creage

p o in t s , p r e v e n t in g t h o r o u g h

it s

c o n d itio n

is

v ig o r o u s

c u ltiv a tio n .

T h is t e m p o r a r y

d is a p p e a r e d .

R e p la n t in g h a s

h a s b e e n a d d e d t o q u ite la r g e ly in so m e d is tr ic ts th e c u r r e n t

a d v e r s e in f lu e n c e

has n o w

se a s o n a n d m o d e r a t e l y i n o t h e r s .

b e e n r e q u ir e d t o

o n l y a v e r y lim i t e d e x t e n t .

F o r th e S ta te a fa ir a v e r ­

a g e g a in w o u ld b e a b o u t 14 p e r c e n t .

F e r tiliz e r s are n o t

secu red an d

u sed to a n y e x ten t.

T ennessee .— T h e p l a n t i n g s e a s o n in T e n n e s s e e t h is y e a r
w a s a lit t le in a d v a n c e o f 1895, b e g i n n i n g i n

som e

s e c t io n s

a s e a r ly a s t h e 1st o f A p r i l a n d f in is h in g g e n e r a l l y b e f o r e t h e
m id d le o f M a y .

l i t t le s p o t t e d , b u t a f a i r l y g o o d
th e

fie ld s , w h ile

m o m e n t, are b e in g

sta n d
not

w e ll a t t e n d e d

S ta n d s — A

h a s b e e n g e n e r a lly

e n tir e ly
to.

c le a n

a t th e

A crea g e has been

la r g e ly in c r e a s e d , t h e a v e r a g e a d d i t i o n f o r t h e S t a t e b e i n g
n o t f a r f r o m 40 p e r c e n t ,

f e r t i l i z e r s a r e r a r e ly u s e d

A s a r u le t h e s e e d g e r m i n a t e d v e r y w e ll,

a lt h o u g h , a s in d is t r ic t s i n o t h e r S ta te s , s o m e la t e p la n t in g s
w e r e s lo w i n c o m i n g u p , o w i n g t o l a c k o f m o is t u r e .

T em ­

p e r a tu r e h a s a t a l l t im e s b e e n fa v o r a b le t o t h e r a p id d e v e l o p ­
m e n t o f t h e p l a n t s o t h a t e x c e p t a t t h o s e p o i n t s — f e w in
n u m b er— w h ere th e a b sen ce

o f r a in w a s r e a lly a h i n d e r i n g

in flu e n c e , i t h a s m a d e v e r y g o o d p r o g r e s s .
p la n t in g h a s h a d t o b e d o n e .

S c a r c e ly a n y re­

S ta n d s a r e r e p o r t e d f r o m g o o d

t o v e r y fin e , a n d t h e p la n t h a s a v e r y h e a l t h y a n d v ig o r o u s
appearance.

The w ork

a n d fie ld s a r e n o w

o f c u ltiv a tio n

in

has b e e n w e ll d on e

e x c e ll e n t c o n d i t i o n .

L a tte r ly

th e

w e a t h e r c o n d i t i o n s h a v e b e e n o f a v e r y fa v o r a b l e c h a r a c t e r .
A crea g e— A ll o v e r th e
a d d it io n a l la n d

S ta te t h e t e n d e n c y h a s b e e n

to put

u n d e r c o t t o n , b u t th is t e n d e n c y h a s b e e n

m o s t m a r k e d in t h e m id d le s e c t i o n o f T e n n e s s e e , w h e r e m u c h
g r o u n d h a s t h is y e a r b e e n p la n t e d in c o t t o n f r o m w h i c h o f
la t e y e a r s o t h e r c r o p s h a v e b e e n h a r v e s t e d .

F o r t h e w h o le

S t a t e t h e n e t g a in s e e m s t o b e n o t le ss t h a n 12 p e r c e n t .
fe r ti liz e r s are u sed t o o n ly a lim it e d e x te n t in T e n n e sse e , b u t
p la n t e r s h a v e g i v e n a lit t le m o r e a t t e n t i o n t o c o m m e r c i a l
s o r ts t h is y e a r .

T e x a s .— C o ld w e a t h e r in F e b r u a r y a n d M a r c h d e la y e d
fa r m w o r k s o t h a t p l a n t i n g d i d n o t b e g i n i n S o u t h e r n T e x a s
a t a s e a r ly a d a t e a s u s u a l, b u t f o r t h e S t a t e a s a w h o le t h e r e
w a s n o m a t e r ia l d i ffe r e n c e i n s e e d i n g t i m e t h is a n d la s t
season.

S in c e t h e n , h o w e v e r , a ll t h e c o n d i t i o n s h a v e b e e n

m o r e s a t is fa c t o r y t h a n a y e a r a g o .

In g e n e r a l th e seed ca m e

D E B T S T A T E M E N T M A Y SI, 1896.
The following statement of the public debt of the
United States on May 29 1896 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 holdings,
all of the same date.
IN T E R E S T -B E A R IN G

th e w e a th e r

p roved

M a y , f o r w h ile t h e r e h a v e b e e n

q u it e fa v o r a b l e

th rou g h

c o m p la in ts fr o m t im e to

t im e t h a t m o is tu r e w a s n e e d e d , t i m e l y r a in s h a v e f a l le n
a n d w it h t h e h i g h t e m p e r a t u r e p r e v a i l i n g h a v e b e e n v e r y
b e n e fic ia l. S o m e o f o u r m o s t v a lu e d c o r r e s p o n d e n t s s ta te
t h e c o n d it i o n s c o u l d h a r d ly h a v e b e e n m o r e s a t is fa c t o r y .
S ta n d s w e r e r e p o r t e d a s r a n g i n g f r o m g o o d t o v e r y g o o d ,
w it h t h e p la n t g e n e r a l l y s t r o n g a n d

h e a lt h y .

c le a n a n d w e ll c u l t i v a t e d a lm o s t e v e r y w h e r e .

F ie ld s a r e
T e le g r a p h ic

a d v ic e s s u p p le m e n t a r y t o t h e m a il r e p o r t s i n d i c a t e t h a t r a in
is n o w n e e d e d in m a n y d is t r ic t s o f t h e S ta te , b u t n o i n j u r y
h a s a s y e t r e s u lt e d f r o m a b s e n c e o f m o is t u r e . S o m e d a m ­
a g e t o c r o p s in S o u t h e a s t e r n T e x a s r e s u lt e d f r o m t h e t o r n a d o
o f M a y 15, a n d i n B r a z o s C o u n t y w o r m s a r e c o m p la in e d o f .
A c r e a g e .— 'There is a n a t u r a l t e n d e n c y in T e x a s t o in c r e a s e
t h e a r e a in c o t t o n , a s n e w la n d is b e i n g o p e n e d u p e a c h y e a r ;

MAY

31.

1896.

%

D EB T ON W H I C 3 IN T E R E S T H A S CEASED SINCE M A T U R IT Y .
A p »il 30.
Funded Loan o f 1891, matured September 2,1891.. 3393,150 00
Old debt matured prior and subsequent to Jan. 1 ,’61. 1,258,640 26
Debt on which interest has ceased.......................... 31,651,790 26

M ay 31.
3-393,150 00
1,252,820 20
31,645,970 20

D EB T B EAR IN G NO IN TER EST.
United States notes............................................................................................3346,681,010 00
Old demand notes...............................................................................................
54,847 60
National Bank notes—Redemption account........................................... 19,908,698 00
Fractional currency...............................................................315,268,423 14
Less amount estimated as lost or destroyed.............. 8,375,934 00
----------------------6,892,489 14
Aggregate o f debt bearing no interest.................................................3373,535,050 04
R EC AP IT U L AT IO N .

u p w e ll a n d o n l y a s m a ll a m o u n t o f r e p l a n t i n g w a s r e q u ir e d .
A s a r u le

DEBT

In terest
A m ou n t
A m oun t outstanding.—
Title o f L oa n —
-payable.
issued.
Registered.
Coupon.
lota L
4}£s, Funded loan, 1891,
§
3
Continued at 2 p .c ..Q .—M.
250.0u0.000 25.364.500
25,364,500
Is, Funded loan, 1907. .Q.— J.
740,898,200 490,327,600
69,309,250 559,636,850
4s, Refund’g certiflc’s.Q .— J.
40,012,750
47.140
100.000.o00
5s, Loan of 1904 ....... Q.— F.
41,080.650 100, 000,000
58*919.350
4s, Loan o f 1925.......... Q.— F.
160,440,100
85.733.500
74.706,600 160,440,100
Total, excluding Pae.R R Bonds...................
1,291,351,050 660,344,950 185,096,500 845,488,590

M ay 31.
1896.
Classification o f D ebt
3
Interest-bearing debt......... 845,488,590 00
Debt, interest ceased...........
1,645 970 26
Debt bearing no interest... 373,535,050 64

A p ril 30,
1896.

Increa se or
Decrease.

842,312,140 00
1,651,790 26
374,414,400 64

Inc. 3,176,450 00
Dec. 5,820 00
D ec>79.350 00

Total gross d e b t............ 1,220,669,610 90 1,218,378,330 90
Cash balance in Treasury.. 267,193,210 70
270,090,660 74

Inc. 2,291,280 00
Dec. 2,897,450 04

Total net debt.................

953,476,400 20

$

948,287,670 16

$

Inc. 5,188,730 0^

T h e fo r e g o in g fig u r e s s h o w a g r o s s d e b t o n M a y 31

1896

(in te r e s t-b e a rin g a n d n o n in te r e s t-b e a r in g ) o f $1,330,669,610 9 0 ,
a n d a n e t d e b t (g r o s s d e b t less n e t c a s h in th e T re a s u r y ) o f
$933,476,400 30.
P a c ific R a ilr o a d b o n d s are n e v e r in c lu d e d in th e o ff ic ia l
tota l o f t h e G o v e r n m e n t d e b t . T h e sta tu s o f th e se o b lig a t io n s
t o -d a y is as fo llo w s .
M e th o d s o f b o o k -k e e p in g m a k e th e
o ffic ia l r e c o r d u n in t e llig ib le to m o it r e a d e rs , a n d h e n c e w e
h a v e b r o u g h t t o g e t h e r in o u r c o m p ila t io n th e le a d in g
r ela tin g t o t h e s u b je c t .

fa cts

THE CHRONICLE.

JUNE 6, 1896, J

BONDS ISSUED IN AID OP PACIFIC RAILROADS.
e—Bo mi3 Issued and-•> •------ Bonds paid, nr date o f m a tu rity .—
accumulated ini.
Atemdy v u e dan. Due Jan. D m Jan.
p a id .
1 , 1807.
1,1808.
Principal. Interest.
N am i
1,1

of MaUwrnt.

$

Central Faciflc... .25.*t>,120 3-1,412,668 3.962.000 2 ,n f,0 0 0 10,G it, 120 9.197.000
Kansas Pacific... . 6,303.000 6.-S 1,2*7 2.080.000 2,800,000 1,123,000
4,32",000 3.810,000 13,919,512 3.157.000
:
C olon Pacific.—
C e n t . B r. U . P . . .

. l,*i£XJ,iXKi

■2,10W o

Western P acific.. . 1,970,34-iO 3,138,802
Sioux a t j A Pae. . 1,628,320 2,438,888

640,000

010,000

..........

.........

..........

320,000

320,000

........

1,628.320

1,650,566

Total .............. 6-1.623,512 78.051,999 11,002,000 9,712.000 29,901,952 11,004,369

1023

-•Shares,doth sides.— , •------- Balances, one side, - - —, Sheets
Cleared.
Total Value, Shares. Value Shares. Cash. Cleared
$
$
8
January... 15,298.500
937,700,000
1.B1I.300
88,100,000 1,115,000 0,870
February. 17,004,900 l,OdS,80O,OOO
1.905.500 108,301>,00l) 1,884,,ll'O 6,281.
M arch...., 16,675,000 1,068,600,000
1.831.500
91,000,000 1,153,800 6.811
931,000,000
Aarli......... 14.658,200
1,889,100
09,500,000 1,333,300 6.16S
M a y ....... 10,291,600
750,800,000
1,133,000
BO.toO.OOO 933.800 5,733

1S9G -

S t n o s .,
M iy 8 5 ,
•' 2 6 , .
“ 2 7 ..
“
23.
“
20.

73,933,8)0
6 3 0 ,2 0 0
4 8 4 ,'2 10
3 5 7 ,7 0 0
3 7 7 ,2 0 i
5 3 7 .2 0 J

4,837,700,000
5 8 , 1 0 0 ,0 0 0
4 0 ,5 ) 0 ,0 0 0
2 9 , > 0 0 .0 1‘ >
1 8 ,3 0 0 ,0 0 0
4 0 ,9 0 0 ,0 0

The cash holdings of toe Government as the items stood
May Sist we take from the Treasury statement of that
date. The net cash balance given below is the same as de­
Toe. wk 2,386,500 185.100.00
ducted above in reaching the net debt.
CASH IN TH E TREASURY.
Gold—Cm! n . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .# 11R0M$88 02
B ars............................................................... 32,662,859 8 9 - f l 51,307,112 91
S ilver-D olla rs......... ................................................. 376,572,490 00
Subsidiary c o in ............. ........ .— . . . . . . . .
15437,124 37
U0.08M,9U 3 6 - 513,199,837 73
Bars................. .................. ........................... .
Paper—Uoiced States notes......................... .
121,118,261 fco
Treasury notes o f ISSN)........... ................ .
88.3*4.7 <4 00
Gold certificates......................... ................... .
. t-87.2~o oo
Sliver certificates-........... ..................................... 10,820,424 00
■

i bank notea...............................................
O ther-B on ds, interest and oonpems paid, await­
ing reim bursem ent............
— ...........
Minor coin and £met tonal cu rrency... — . . . .
!>€?{»••••«its In nat’l SkAttlc depositaries—$eDl acet,.Disbursing officers' balances................. .

Agsreeate

■

1O.O02.3S3 09 - 175.932,121 00
143,1.>6 75
1.1-1.75-1 7?
16,986,226 81
3.960,745 *1 -

22,277,865 74
f861,766,970 SS

DEM A N D LI A BIL1TI ES,
..........................
. $43,619 181 00
Gold
.............................
........... ..
Silver certifica tes.,... . . . . . . . . . . . . . . .
.. ...
346.242.504 00
31.870.000 00
Certificates o f deposit act J an e 8 ,1872,....
Treasury notes o f 189*X... — . . . . . . . . . .
.........
00—1555,646,978 00
Fismi fo r refiemp. o f tmearrent naPJ bank notes
8fi&Mtt1S3
3,8HS.*47 13
OtshtaBdlosf checks and drafts .................. .
.
IBsbarsing officer*’ balances . . . . . . . . . . . . . . . — ....
4,733.814 4 4 - 38,026.783 63
Agency aoeoBuii, &
e . . ...... ..................
Gold r».*«rre ...
...... .f l l Mf/MWfVd* 00
Net cash balance.............. ............. 187,106*210 70,......... . ............. 207,193^10 70
A g g re g a te ...... ------------------------------------------*------------------....1801,768.970 85
Net cash Balance in thmTreasury April 80.1898.,..
.................1970,0000 0 74
Net' cash Balance in the Treasury May 3 1,18SNL, , , . . . . . . . . . . . . . . . , . . 267,103,210 70

Decretive daring the ffidBth.

12.897.150 04

6,963,300
66,100
5 ),600
35,600
29,600
61,300

151100,000 6,419,300
1,600,000 70,700
3,800,000 66,000
2,800.000 28,700
1,600,000 1 -*,800
3,800,000 43,400

32,118
297
273
245
239
285

Wkla3tyr4,124,600 262,300,000
J’ ne 1 .. 343,400 26,700,000
•'
2.. 328,000 24,600,000
“
3-. 510,600 34,200,000
"
4.. 436,600 31,900,000
** 5 .. 405,400 26,600,000

246,200 16,600,001) 233,-DO 1,339
442,100 21,400,000 297,700 1,782
38,100 2,600,000 35,100
241
31,900 2, LOO,000 19, ^0 )
236
58,200 3,100,000 44,900
268
44,200 2,500.000 35,200
273
49,100 2,700,000 32,600
251

Tot. ivk-.. 2,0 21.0 JO 141,0 00.000
Wirtastyr3,277,600 183,900,000

221,500 13,000,000 167,000 1,269
421,600 20,700,000 25S.500 1,531

1

Toe stocks cleared now are American Gotten Oil common ,
American Sugar common, American Tobacco common, Afcch isou,Centralo£ N, J., Chesapeake & Ohio, Onica :o Bariingcon
& Quincy, Chicago Gas, Onicago Milwaukee & St. Paul c o m ­
mon. Chicago & North Western common, Chicago Rock Island
Sc Pacific, Delaware & Hudson, Delaware Lackawa nna &
Western, DistiUiag & Cattle Feeding, General Electric, Lake
Snore dr Michigan Southern, Louisville & Nashville, Manhat­
tan, Missouri Kansas & Texas preferred, Missouri Pacific, New
fo rk Central, New York Lake Erie & Western, New York &
New England, New York Ontario & Western, New York Sus­
quehanna & Western preferred, Northern Pacific preferred.
National Lead common, Philadelphia & Reading, Southern
Rail way common and preferred, Tennessee Coal & I ron, Texas
& Pacific, Colon Pacific, United States Leather common and
preferred, United States Ruoher common, Wabash common
and preferred, Western Union and Wheeling & Lake Brie
common.

Clearings by ■elegraph,—Sales of Stocks, Bonds, it-,—Stock Exchange Clearing lluu-e Transactions—The i|Xaaetargs© om m e*claI£ttglts tI|etxrs
subjoined statement, covering the clearings for the current
week, is usually given on the first page o f the Chronicle, hut
(F rom oa r ow n correspondent.]
on account of the length of the other tables is crowded ou!
L o n d o n , S a t u r d a y , May 33, 1896,
onee a month. The figures are received by telegraph from
Late on Wednesday evening telegrams were sent to the
the leading cities. It will b>* observed that ns corn pi red with
the corresponding week o f 1895 there is an increase in the ag­ press by the Colonial Office which had been received from
gregate of fS'd per c or. So f ir as the individual cities are Sir H. Robinson, announcing that the death sentences on
concerned New York exhibits an excess of 10 4 per cent, and
the gains at other points are, Boston 4'4 percent, Philadelphia Colonel Rhodes and Messrs. Phillips, Farrar and Hammond
4*8 per cent. Chicago 10*0 per cent and Baltimore 28'4 per had been commuted to fifteen years’ imprisonment, but that
cent. St. Louis records a loss of 15*8 per cent and New those sentences would be revised next week ; and Sir H. Rob­
Orieana 88*8 per cent.
inson added that he has reason to believe the commuted
sentences are a mere formality and will not be carried out
ChBAKtXOSv
rrv.it Enttias June ’’
The fifty-eight remaining prisoners are divided into severs
ft-jf TsliHgmpk,
Per Cent.
1895,
groups. Nine have been already released, nineteen are sen­
New York................... ...........
*340,771,320
*489,888,624
+10*4
82,800,513
MMO
*§4*4 tenced to three months’ imorisonment. and four, to five
-§4*2 months imprisonment. In the case of eighteen others the
01,380,967
hil*4i-iphJai.............. ............
03,943.279
Baltimore — »— . . . . . . . . . . .
15, *519,623
4*23*4 sentences are again to be revised after five months, and in
12,658,771
-§10*0
95,588,800
88,942,904
•0IC»*° ................................
19.551*980
-1 5 8 the case of four more after a year. The remaining four sen­
t. b o o t * ..................... .
24/210,040
-2 2 2
5,7? 3,300
tences have not been considered, the prisoners not having
7,448,338
New Or iota*..................... .
8m an ettieis, 5 4ayn . .... .
.§827,685,333
§704,333,057
-t-8’3 appealed.
-§l 9
140,217,403
143,403,027
o a « « i a « * » s a » y * ...........
The opinion among the best informed is that all will be
§973,002,730
§907,793,984
Total all elttea, 5 day*....
-§?*3 very quickly released, for President Kruger recognizes as
181,091,202
All eitlm , 1 d A f.... . . . . . . . . . . .
+0-6 fully as anyone else the desirability of restoring good feeling
160,124,213
Total all eiftiiwi fo r weak.. « ! , 137.903,093
§1,070,923,197
+0*3 between the British and the Boers, and also the necessity for
Another table, our usual monthly detailed statement of allowing the managers to take charge of their mines without
transactions on the various New York Exchanges, has also avoidable delay. Some dissadsfaation is felt here at the
been crowded off of the first page. The results for the five
months of the current year are, however, given below and severity of even the commuted sentences, but upon the whole
for purposes of comparison the figures for the correspond - the opinion prevails that President Kriiger has acted exceed­
jpg period of 1895 are also presented,
ingly well and that his influence will be powerful enough to
set all the prisoners free before long.
P in Months^ v m .
Tim Mottthe, 1805,
The announcement is felt as a relief by the market, as the
Omription, 1 P a r Vatu* I Act-wti iA nr'gel P a r Vuim i Actual
dvcr’ge
•or QmmUJhl
Vatm.
1 Price. |or Quantit y j
Vatm. I Price.
long uncertainty weighed very much upon it. The difficul­
‘m .nm M ir
ties of Spain in Cuba are likewise checking business, especially
(1115610428 67*6
!» * ’ 1
1
|la s e w M o j « n » {
1'£03,939'?
in the international department, and the apparent probability
RR. Mttda.. jil«7^wy§sa»>i «1 l»,77B,3f>?J 71*3
*1*7,157,697 67*4
1*4*9
60.0041
i 1I6*S :
14204,330 i
that Mr. McKinley will be elected President is acting as a
bonds |I..iAV«Xi
*
7
Wf
13,717,700! *1,183,733 31*8
Bank stock.*
|S'U9ri00|
1518,8361172*§ i
$230,091]
1*46,9501153*5
damper upon the American market. Lastly, it is reported
T oS * l....!| 3 il.m t0 3 .^ ll^ »liW W 3 86-K .*2,1/72,01.5216:I ti& m c s z m 58**
that the French Cabinet has under consideration a proposal
15,792,7«K»! <4s#.si7,v5» taiyB
CaUon..b!*,i
*)',».|Oi\4a.
904,2.52,621'j fSH i.rjj.riaj < m » .
Srmln.&iwh. 4P',-VA.W-i
A .i.st. toe.
for taxing rentes. It has always been understood to be the
T o u t T.lan.l
1t a s o m w s s l
1*M45SU»a«!
policy of France not to impose such a tax. The mere rumor
The transactions of the Stock Exchange Clearing-House that it will be proposed has caused a fall upon the Paris
from May 33, down to and including Friday, June 5, also Bourse and much dissatisfaction among investors generally.
the aggregates for January to May, inclusive, in 1896 and Another unfavorable incident Is the introduction of a bill in
1895 are given in tabular form beiow.
the German parliament for increasing the army.
stock ■xcuiuto* CH.K*amf» hous a thakraotiosb
On the other hand, the coronation festivities at Moscow
■
—Share., bnth tufts.—> ,-------Sola,tee*. one title------ . Sheet*
C lea red . Total Value,
S hare*. V alu e Share*. Oath. C leared. strengthen the hope that peace will be maintained. There
I81W —
t
*
*
fmn-Mrr... n jU * /M «SM,200,060 1,091.1)00
«!,-1)0,000 1,183,100 8,484 are nevertheless not a few croakers who fear that when the
|f»hr..»fT.,
KM %<m
rss.io e .w io
«<7,'.eo
ss.oofl.oco 1, 133.500 6 ,s i»
March...... 11,057,700 1,307,S>kj.i» i<) l.eo.ivio
8,7,4,10,000 1388,400 (1.840 coronation is over Russia may adopt a more active policy,
A o r t t ....... . 18,700.800 l.« « ,8 0 0 ,0 a 0
1,710,500
04,A»K1,OO0 1,898,000 0,434
Mar......... *0,830,100 1,*:<W.10O.«X> sp sgsoo 182,000,000 2.1A7.B00 7,861 and especially there are fears that there may be trouble both
in Macedonia and in Asiatic Turkey.
A m i,,....
64,701,too 5,171.500,000
S.4H..TOO 401.300.000 8,00 9 ,8 0 0 88,314

1

THE CHRONICLE

[V ol. LXII.
1896.
M ay 21.

U p to W e d n e s d a y a f t e r n o o n th e r a t e s jo f in te r e s t a n d d is­
c o u n t in th e o p e n m a r k e t w e r e fa ir ly w e l l m a in ta in e d , b u t o n
t h a t a fte r n o o n a b o u t a m illio n s t e r lin g o n a c c o u n t o f J a p a n
w a s p a id o u t b y t h e B a n k o f E n g la n d , a n d rates d e c lin e d .
T h is w ill e n a b le th e m a r k e t to r e -p a y w h a t it b o r r o w e d fr o m
t h e B a n k o f E n g la n d la st w e e k . E a r ly in J u n e th e in te rest
o n th e n a tio n a l d e b t w ill b e d is b u r s e d a n d a b o u t a m illio n
s t e r lin g o f e x c h e q u e r b o n d s w ill b e r e d e e m e d . T h e s u p p ly
in th e o p e n m a r k e t w ill th u s b e la r g e ly in c r e a s e d , a n d as
c o n s id e r a b le a m o u n ts o f g o l d a re c o m i n g f r o m a b r o a d , th ere
is e v e r y p r o b a b ilit y o f a lo n g c o n t in u a n c e o f c h e a p m o n e y .
I n th e s ilv e r m a r k e t th e r e h a s n o t b e e n m u c h d o i o g , b u t th e

T h e I n d ia C o u n c il c o n t in u e s t o se ll its d r a ft s w o n d e r fu lly
w e ll, c o n s id e r in g h o w q u ie t [t r a d e is in I n d ia .
d is p o s e d

T h is w e e k it

Open M arket

a n d M o n d a y w ill b e a b a n k h o lid a y , w h e n all b u sin e ss w ill
b e su sp e n d e d .

T h e r e h a s in c o n s e q u e n c e b e e n m u c h d is in ­

c lin a t io n to e n g a g e in n e w risk s.
h a v e b e e n c lo s in g th e ir a c c o u n ts .
m any new

c o m p a n ie s h a v e b e e n

M a n y o p e r a to r s , in d e e d ,
I n s p ite o f th a t , a g r e a t
b ro u g h t ou t.

F o r so m e

w e e k s p a st th e r e h a s b e e n a r e g u la r b o o m in ’c y c l i n g sh ares.
I t is le d c h ie fly b y B ir m in g h a m a n d D u b lin , a n d th e r ise in
m a n y in s ta n c e s is v e r y g r e a t

I n c o n s e q u e n c e , a s w a s n a t­

u r a l, a n e x tr a o r d in a r y n u m b e r o f n e w ’c y c l e c o m p a n ie s are
c o m i n g c u t d a y a fte r d a y a n d th e r e a r e se v e r a l n e w in d u s tr ia l
c o m p a n ie s , e s p e c ia lly
c le a r th a t th e

b r e w e r ie s a n d

bu sin e ss is b e in g

h o rse le ss c a r s .

I t is

o v e r d o n e , a n d in d e e d it is

s a id th a t i n th e m a jo r i t y o f ca se s th e u n d e r w r it e r s h a v e h a d
t o t a k e u p b y fa r th e g r e a te r p a r t o f th e sh a re s.
U p o n th e S t o c k E x c h a n g e , h o w e v e r , t t e c h i e f a c t iv it y

A u s tr a lia n

m in in g

la r g e n u m b e rs .

c o m p a n ie s a re lik e w is e c o m i n g o u t in

In

th e e a r ly p a r t o f th e w e e k th e

S o u th

A f r i c a n d e p a r t m e n t w a s a lm o s t s t a g n a n t , as e v e r y o n e w a s
w a it in g f o r th e c o m m u t a t io n o f th e s e n te n ce s .

The an nou nce­

m e n t m a d e is fe lt a s a r e lie f, a n d th e g e n e r a l o p in io n is th a t
a f t e r th e

h o lid a y s w e s h a ll w itn e s s a v e r y c o n s id e r a b le in ­

c r e a s e in bu sin ess.
I n th e A m e r ic a n m a r k e t th e r e h a s b e e n a f a i r in v e s t m e n t
b u sin ess d o n e in g o o d

g o ld

b o n d s , b u t t h e r e h a s b e e n little

s p e c u la t io n , a n d in d e e d , g e n e r a lly s p e a k in g , th e fe a r th a t
M r. M c K in le y w i l l b e e le c te d P r e s id e n t a n d t h a t th e c u r r e n c y
tr o u b le m a y t h e r e b y b e in c r e a s e d , is a c t in g as a d e te r r e n t
u p o n th e in v e s t in g p u b lic .
T h e h ig h e r

cla sse s o f in v e s t m e n t s e c u r it ie s h a v e r a th e r

r e c e d e d , b u t th e r e h a s b e e n a n o th e r a d v a n c e in B r itish R a il­
w a y o r d in a r y s t o c k s o w i n g t o th e e n d o f th e s h ip -b u ild in g
s tr ik e o n th e T y n e .

T h ere

h a s b e e n less a c t i v i t y d u r in g th e

w e e k in S o u t h A m e r i c a n s e c u r itie s , a s is n a tu r a l a fte r th e
g r e a t r ise th a t haB t a k e n p la c e , a n d e s p e c ia lly s in c e B r a z il,
C h ili a n d A r g e n t in a a r e s p e n d in g s o m u c h m o n e y u p o n sh ip s
a n d m u n it io n s o f w a r .

I t h a d b e e n h o p e d th a t t h e se ttle m e n t

o f th e b o u n d a r y q u e s tio n b e t w e e n C h ili a n d A r g e n t in a w o u ld
le a d t o a s la c k e n in g in th e e x p e n d it u r e s f o r a r m a m e n ts , b u t
as y e t th e r e is n o s ig n o f th a t .

T h e C o n t in e n ta l b o u rs e s are

a ll v e r y q u ie t, p a r t ly b e c a u s e o f th e r u m o r o f t h e r e n te s t a x
in E r a n c e a n d p a r t ly b e c a u s e o f th e p r o p o s e d in c r e a s e in t h *
G erm an a rm y .

T h e o u tlo o k fo r

S p a n is h fin a n c e s , t o o , is

e x c e e d in g l y b a d , a n d t h o u g h th e r e is s o m e i m p r o v e m e n t in
I t a ly , I t a lia n fin a n c e s e r e in a v e r y u n s a t is fa c t o r y sta te.
T h e B a n k r a t e o f d is c o u n t a n d o p e n m a r k e t r a te s a t th e
c h i e f C o n t in e n ta l c it ie s h a v e b e e n as f o l l o w s :
M ay 22.
R ates o f
Interest at

Paris................
B erlin ...............
Ham barg.......
Frankfort.....
Amsterdair___
Brussels..........
V ien na............
St. Petersburg
Madrid....... ..,
Copenhagen..

Bank
Open
B a ts. M a r k *
8
3
3
3
3
3
4
6*
4«
3

M ay 15.
Bank
B ats

m
m
2H
2H
2“s
2

2
3
3
3
3
3

3H
6X
m
3

4
ex
4«
3

Open
M arkt
m
m
m
2H
-•%
3X
ox
■LX
8

M ay 8.

M ay 1.

Bank
B a ts .

O vtr,
M arkt.

B ank
B a ts .

Open
M arket

2
3
3
3
3
3
4

m
2h
2U
3

2
3
3
3
3
3
4

m
2%
2H
2X
2X
2%
354
OX
IX
3

ex
4%
3

214
3H
«X
*x
3

6*
r%
3

T h e fo llo w i n g r e tu r n s h o w s t h e p o s it io n o f t h e B a n k o f
E n g la n d , th e B a n k ra te o f d is c o u n t , th e p r ic e o f c o n s o ls , & c , ,
c o m p a r e d w it h t h e la st t h r e e y e a r s :

In terest allowed
fo r deposits by

R a tes.

Bank BUls.

T rade B ills.

D isc’ t H 'se
Join t
A t 7 to 14
Three
F ou r
F ou r
S ix
S ix
Stock
Three
Months Months M onths M onths M onths M onths Banks. Call. D ays.

Apr. 21 2
May
1 2
“
8 2
“
15 2
** 22 2

l
11-16-9*
1%@1%
xm
H
% 15-16
«4
%
X
H 13-16 H 13-16 M 13-16 % 13-16
1
15-16
15-16
15-16
1J4
13-16
13-16
13-16
1M

mmx
IX

IX
ix ® m

X
X
X
X
X

X

X
X
X
%

X
X
X
X
X

M essrs. P ix le y & A b e ll w r ite as f o llo w s u n i e r d a te o f
M a y 31 :
Gold—The inquiry tor bars lias som ewhat slackened during the last
few days, but there lias still been enough demand to absorb all
arrivals. The Bank has received *26 2,00 0, chiefly iu sovereigns, from
Australia. A rrivals: N ew Zealand, £101,000; Australia, £ 2 52,0 00;
China, £68,000; Bom bay, £41,000; Natal. £ 104.00J; Chili, £7 1,00 0.
Total, £637,000. Shipments to Bom bar, $25,000.
Silver—With little or no demand for the East, the m arket has been
supported by special orders, which have sufficed to keep the prloe
almost without change at 31 l-16d. A rriv als: Australia, £ 2 ,0 0 0 ;
New York, £126,000; Chin. £49,000. Total, £177,000. S hipm en ts:
Bombay, £8,500; Japan, £10,000. Total, £ 1 8 ,5 0 0 .
M exican dollars have again had only a nom inal m arket, the nearest
rate being 303sd. A bout £15,000 have com e to hand from New Y ork ,
while £7,500 have been shipped to the Straits aud China.
T h e q u o ta tio n s f o r b u llio n a r e r e p o r t e d as f o l l o w s :
GOLD.
L on don Standard.

d u r in g th e w e e k h a s b e e n in W e s t A u s t r a lia n m in in g sh ares,
in w h ic h th e r e h a s b e e n a n a lm o s t g e n e r a l rise , a n d W e s t

26,722,940
7,015.936
29,211.127
11,203,101
29,105,279
13,791,695
24,067,035
3774
4
98 3-16
373*1.
99,240,000

London. e;
si

of th e w h o le a m o u n t o ffe r e d .o r t e n d e r a t an a v e r a g e

p r ic e of a b o u t Is. 1 1 3 -1 6 d . p e r r u p e e
T h is is a s h o r t w e e k . T o -d a y t h e S t o c k E x c h a n g e is c lo s e d

1893.
M ay 29.

T h e ra te s f o r m o n e y h a v e b e e n a s f o l l o w s :

A m e r ic a n m in e o w n e r s a r e s e llin g v e r y s p a r in g ly a n d c o n s e ­
q u e n t ly th e p r ic e is m a in ta in e d a t a litt le o v e r 31d. p e r o u n c e .

1894.
M ay 23.

1895.
May 22.

Circulation ...................................
26,073.175
24,760,830
25.523.450
Public deposits............................... 15.637,151
9.343.907
8,539,900
Other deposits................................ 49.2 32,500
34,691,285
39,390,189
Government securities................ 15.280.785
9.891.422
13,421,606
Other securities............................. 29.496.225
19,952,852 20,562,363
deserve o f notes and coin ,.. . . . . 37.993,587
28.430.112
26,296,091
Coin& bullion, both departm’ ts 47,268,762
37,153,562
31.256,974
67 H
Prop.reserve to liabilities..p.c.
53H
61%
2
2
Bank rate..........................per cent.
2
100 1-18
Consols, 29* per cent . . . . ...........
112 7-16
100%
Silver...................................................
31 L-I6d.
30 11-161.
26% 1.
172,387,000 12 L.2 72,000 104,916,000
Clearing-House returns....... .

Bar gold, fin e....o s
Bar gold, parting . 02
Bpanish Old......... oz.
Do.
New — *.
D .8 . gold coin....oz
German gold coln.o?
French sold coln.oz

0

M ay 21.

May 14.

8. d.
77 e x
77 9H
76 0
76 2

8.
77
77
76
76

76 3M
76 SX
76 3X

76 *
76 3J4
76

SILVER
L on d on Standard.

d.

M ay 21
d.

e x Bar silver, flne..oz 311-16
9H Bar silver, contain- 31 7-16
0
2

Ing 5 grs. g o ld . 0 1 .
Cake silver..........oz.
Mexican dollars.oz.

33 *
30 H

May 14.
d.
31 1-16
31 7-16
33%

30%

3%

T h e f o l l o w i n g s h o w s t h e im p o r t s o f c e r e a l p r o d u c e i n t o th e
U n ite d K in g d o m d u r in g th e fir st th ir ty -s e v e n w e e k s o f th e
se a s o n , c o m p a r e d w it h p r e v io u s se a s o n s :
ia: PORTS.

1895-96.
1894-95.
1893-94.
Im p ortsofw heat.ow t.46,301,470 49,908,566 42,094,431
Barley................. . . . . . 17,233,420 19,574,124 23,938,222
Oats............................... 9,462,880
9,858,927
9,126,283
Peas............................... 1,916,360
1,747,999
1,823,086
Beans............................. 2,475,232
3,168,902
3,870,066
Indian corn .................. 31,785,970 18,123,314 24,376,358
Flour............................. 15,023,290 14,145,120 13,730,379
S u p p lie s a v a ila b le f o r c o n s u m p t io n ( e x c lu s iv e o f
S e p te m b e r 1):
1895-96.
1894-95.
1893-94,
Wheat Im ported.ow t.46,301,470 49,908,568 42,094,431
Im ports o f flour.........15,023,290 14,145,120 13,730,379
Sales o f hom e-grow n.11,770,612 16,332,656 17,337,460

1892-93.
42,479,288
12,526,800
9,021,436
1,601,608
3,138,197
21,101,830
15,055,802
stock s o n
1892-93.
42,479,288
15,055,802
20,351,118

Total..................... 73,095,372 80,386,342 73,212,270 77,336,208
1895-96.
1894-95.
1893-94.
1892-93Aver, prloe wheat week.258. 7d.
22s. 4d.
24s. 9d.
26s. Id Average price, Beaaon..23 s. Id .
20a. Od.
25s. l t d .
26s.
8d.
T h e f o l l o w i n g s h o w s th e q u a n t it ie s o f w h e a t , flo u r a n d
m a ize a flo a t t o th e U n it e d K i n g d o m :
E n g l i s h F i n a n c i a l M a m e t s —P e r C a b l e .
T h e d a ily c lo s in g q u o t a t io n s f o r s e c u r it ie s . & c ., a t L o n d o n
are r e p o r t e d b y c a b le as f o l l o w s f o r t h e w e e k e n d in g J u n e 5 :

London.

Sat.

Mon.

Tues.

3 i s 18
Sliver, per o z ......... ...... d. 31=16 313,6
Consols", new , 2% p. ots. 1138i x l2 iS ,6 1131,6
F or accou n t................. 113=8 x l3 1 ,s 1133,6
Fr’ oh rentes (In ParlB)fr. 01’ 82% 101-55 10V 7o
Atch. Top. <fe S. F e ......... 153s
153a
15=8
64=8
Canadian Paoitto............ 64 *4
63%
Chesapeake & O hio.......
17
16=s
Ohio. Milw. & St. P a u l. 78 7s
79%
78%
49%
Den v. & B io Grande, pfd __
48=s
E rie.................................... 14%
15is
14%
36=8
do
1st preferred. 36*2
36%
Illinois C entral.............
95%
96
95%
154
154
Louisville & N ashville.. 51* %
51
5 2 i8
721-i
Mexican Central 4 s------ 72
72%
do. Kan. & Tex. co m ....
11 ®8
11=8
99%
S. Y. Central & Hudson 99%
99%
S. Y . Ont. & W estern...
15%
147a
Northern Paoiiio, p ref..
P ennsylvania................
Phil. & R ead., per shar<
Southern R y ., c o m ......
Wahash, p r e f . . . . . . . . . . .

8%

53%
53s

15%
53%
5=8
9%
29%
7%
18

8

16
53%
5%
9%
29%
7%
18

Wed.
31=16
1133,6
1135,6
01-97%
1478
64
16=8
77%
483s
14%
35=8
95%
154
50%
71%
n%
99
14%
10%
157e
53%
5%
9
29
M 1
<!<><
if#

1024

Thun.
31%
1135,6
1137,6
101-85
15
64=8
16%
78
48%
14%
35%
95%
154
50%
72%
11%
93%
14=8
10%
15%
53%
5
9%
29%
7%
17

FW.
31=8
1135,8
113=8
01-92%
15%
64
16%
78%
49%
14=8
35%
95%
L54%
50%
72%
11%
99
14%
10%
157a
53%
5
9%
29%
73a
17%

THE CHRONICLE

J e s s 6, 1896.1

I S a m t u e r c t a r t a u a I ^ U s c e U a u e a u s | % em g
uovsRNJtssT R evenue and Expenditures,—Through the
courtesy of t.,e Secretary of the Treasury, we are enabled to
place before our readers to-day the details o f 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 1895-93 and 1894-95.
r e c e ip t s

(

000s

o m it t e d !.

I mports a n d E xports fo r th e W e e k . — The following are
the imports at New York for the week ending for dry goods
May 28 and for the week ending for general m erchandise
May 29; also totals since the beginning o f the first w eek
in January.
FOREIGN IMPOSTS AT NF.W V "

For Week.

1893.

O .y Goods.......
Gan’l mer’dlse.
T otal_____

Since Jan. 1.

1894-5.

1895-0,

Dry G oods.......
Gen’ l mer’dlso.

N, Bk.
am Inter'. & 4 > .
lOtAl. ! C m - JIntern Red'p. m s c ’ i Total.
tornj. 1B ev’ ue Fund. S'rcee
U m »■ Rev’ iu Fund, j SPrce*
*
Ju ly.... 14.07V
A M . - is.aau:
S e n t.... U .55(!
Oct . . . . 14,347
N o v .,.. 11.455
D e c .... 12,169
J a n ...., 17,375F e b . . . . lS.bud
Msrch.. 13,344
April... n .* w
M a y -.. 10,950

V

1895.

1896.

$1,884,207!
6,608,743

$1,213,591
7,509,993

*1,9 47,9 57,885,818

*8,472,955:

$8,728,584;

$9,833,770

$6,660,897

$64,206,691! 836,343,020 *63,457,587
209,927,690; 143,685,936; 143,475,162

♦53,383,181
146,758,659

#1,175,012
5,485,885

Total 21 weeks $274,134,3311*130,028,956 #211,933,749 $200,141,840

4,052 17,48? JO&jMKR UO.019 131.757 11,675 15.310 299.370

Total 21 weeks *140,718,937 *152.713,336 *139,181,819 $1 57,042,006

»
29,251
29,309
28,028
30,205
80,598,
20.851
31,375
37,051
28,3^2
24,729
34,879

*
1
8,427
1U&&
15,505,
1M 0S
10,261
11,203
17,r306
13,335
14,830.
12,009
13.175

7

(000* om itted.!

um -s.

VtbSS.
O r M .1 P t w

*
1,182
L050
874
1,823
LS70
1,200
1,875
603
m
2,457
2,043

1894.

The imports of dry goods for one week later will be found
in our report of the dry goods trade,
The following is a statement of the exports (exclusive o f
specie) from the port of New York to foreign ports for th e
week ending June 1 and from January 1 to date :

*
*
1821 2,091
356! 1.142
4791 636
487 1,610
610 1.401
362 1,369
433 2,391
99*2 1.346
311 1,101
ITS, 2 0*3
235j 2.144

disbursements

nary,

$
838
633
1,590
1,829
2,431
1,241
1,100
213
514
m
in

|

*
85,697
41,050
24,217
22,104
21,892
23,068
20,898
93.101
25,985
28,812
25,080

«
12B98'
1 2 ,1 7 2 i
12J30:
13,764
13,040
12,75 V
11,176
xo.xo;
11,536
n .to T
11,550

11 mos. 140J.3* ix s .i r e

*
25.200
27,562
0,182
8,042
7,774
9,394
9,117
8300
9,355
11,010
10,751

1025

In - ! & £ £

Total.

tiom. termt Fund

Ordin ary.

P en -

In -

fu d 'p J lota L

*U>n*. Strut \FunaJ

C hancieh i s L e a i t T b s d k r s a n d N a t i o n a l B a s k N o t e s t o

J cn ,.; 1 .—The Comptrolier of the Currency has furnished
us the following, showing the amounts of national bank
notes May 1, together with the amounts outstanding
June 1, and the increase or decrease during the month;
also the changes in legal tenders held for the redemption of
bank notes up to June 1.
n a tio n a l S a n k Wole*—

♦-,070,070
871,067

♦224,101,315
1,090.003
♦225,200,318

Am ount outstanding June 1 .1 8 0 3 * ...

1893.
For the w eek,.
$7,172,907
P rev.rep orted - 133,546,030

1894.

1895.

1896,

*6,449,714
146,263,512

$3,474,084
135,707,735

$3,166,562
150,375,444

The following table shows the exports and imports of specie
at the port of New York for the week ending May 30 anp
since January 1, 1896, and for the corresponding periods in
1895 and 1891:
EXPORTS AND IMPORTS OP SPBOIB AT NEW YORK.

T
%
i
i
*
*
*
97It 38,533 18,732 12,002 7,014
Jalr,... 18,496 13,755 7,306
912!
0471 33,235 : 19.411 11.335
18,43? 13,301 1,843
An*..
322
936 23.255 17.411 12.500
396
13.310 10,706
a«ot.
m\
35,093:
10,480
1L801
5,168
11,062
5,104
17,431
Oet..
12,035.
m
15/519
1,0091
38/236
|
13^35
8,093
i2y6<S5
S ot....
u .m 11.3471 321 m | 9d,7Js! 14.604 12,386 110
D*e
0,0*5 1,119 33,494, 17,381 10,034 7.988!
4aa......
l i l « 4 1231? 2.266 1,103; 27.852 11,706) 12,360 1,521
inr 88,188;! 13,84*: 11,628 2801
11,710':
mi
Msrcft.. u & m I
061, 32,661| 13,404 11,08*1 5Jtifi
April... 13.79*5 10,078 5.141
u jm \ U 3' h ; %m> um \ 29.M2, 13,SO I 12,902 1,751.’
U*T
SttMtftl
30,618 11>I1 « S ,a > „
163,7341126.134 34,019' 10,109! 3 3 8 ^ 1 172.047 l:U.U)I
llm

A mount outstanding May l . 1898.
A moan; issued dttrtBK May.............
A mount retired during Olay----- . . .

aXPOSTS FROM NEW TORE FOB THB W3BK.

Exports.

Bold,

Week.

Imports.

SineeJan. 1.

Week.

SineeJan. L,

Great B ritain............
Fraaoe.........................
G e r m a n y ...................
West Indies................
M exico..... ...................
Skmth A m ertoa______
A n oth er countries..

$11,719,260
5,112,288
$3,902,786 14,657,725
32,060
182,653
2,767,367
15,000

$ ............ $11,130,033
2,164,948
207,265
1,300
3,987,240
188,902
4,986
427,637
27,6 JO
2,000
48,414

Total 18 96..........
Total 1895..........
T otal 1894 ........

$3,934,780 $34,754,293
173,200 34,374,749
5,170,860 46,985,210

135,886 $18,154,439
241,810 20,007,663
9,115,302
1,312,171

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

Exports.

Silver.

Week.

Great B ritain............
F r a n c e ......................
Germany................... .
West Indies.......... .
M exico................ . . . . .
So nth A m erica..........
A ll other countries..
Total 1890.
T otal 1895.
T otal 1894.

Imports.

SineeJan. 1.

$804,865 ♦18,787,281
336,000
2,384,626
6,960
675
1,631
299,626
99,028
485
$1,143,171 $21,578,000
021,385 13,850,331
597.895 15,968,215

Wes*.

Since Jan. 1

*730

16,077
3,979

4 4 ,6 6 6

*20,786
32,277
53,830

___

I ♦19.984.509

Bid.

According to the above the amount of legal tenders on Allan. Ave., B'klyn—
Con. 5s. g„ 1931.,AAO 51051a
deposit June I with the Treasurer of the United States to
(nipt. 5a, g„ 1934.,J<fcJ
85
redeem national bank notes was #19,931,509. The portion of Block. 8t. A Ful.F'.-Stk.
30
Istmort., 7a,1900.JAJ 5108 110
this deposit made (1) b y banka becoming insolvent, (3) by
Brooklyn Rapid Transit. 24
24 S
banka going into voluntary liquidation, and (3) by banks B’ way &7th A va. —Stock. 190 195
1st mort.,5s, 1904.JSSD 5104 >a 100*3
reducing or retiring their circulation, was aa follows on the
2d mort.,6«, 1914.Jd:J
first of each of the last fire months:
B’way 1st, 5s.Koar.1924 } l l 4
♦

May 1.

; A p r . 1.

♦

♦

J u n e 1.

♦

078,722
713,695
Insolv'nt bks.
899,269
878,087
801.885
Liquid’* bks 4,751,652 4,662,023 4,751,589 4,665,108 4,672.068
KertVgundet!
act of 1874* 16,767,027:10.504,3S5;15,951,320 15,319,303 14,633,719

Total .......[2 2.417.948l22.014.oll 21,504,*
4,900 20.■,398,106 19,984,509
* Aetof Jane 20, 1874, and July 12 ,188 2.

following interest
tng statement, furnished by the Comptroller of the Currency
shows the amount of each claast of bonds held against national
bank circulation and to secure public moneys in national bank
depositaries on May 31,
Bonos H eld w z Na t io n a l B an k s,— T he

17. B. Bonds Held M a y 3 1 , 1896, to Secure0 * tc r \ p tu m 0 / B o n d t .

Currency 8% Pao. R f t , . . ;
5 pere»nt=i, 1894.*
4 per otA, funded 1907.. ,
4 per cent** 1895*.

2 per eta, funded 1891. *!

P ublic D eposits
in B a n k s.

$880,000
2.535.000
12,245,000
1.235.000
1.033.000
*17,928,000

*991,711
622,897
655,272

City Railroad Securities—Brokers’ Quotations,

•Circulation o f National Gold Banks, not included In above, 887,587

| J fa r. 1.

441,921

713,597

871,007

Am ount on deposit to redeem national
_____ bank note# Jane 1 . 1396 ........................

Feb. 1.

59,729
438,108

Of the above imports for the week in 1896 #28,300 were
American gold coin and #730 were American silver coin. Of
♦20,698,108 the exports during the same time, #3,932,000 were American
♦257,470
gold coin.

t e n ’ll Tender S ole* —

Am ount oa deposit to redeem national bank
note* May 1 ,1 8 9 6 ..........................................
Amount deposited daring Hay...................,
Am 'i reissued and bank note# retired in May

Deposits b y -

*7,287

M n)k
C lreu : tlion .

*10,407,000
12,956,850
151,539,450
3 1 ,3 0 3 ,5 5 0

22,381,950

Total Beta
*11,287,000
15,401,850
163,784,450
32,593,550
23,417,950

*2 2 8 ,6 5 1 ,8 0 0 ! $246,570,800

2d 5s.Int.as rent'l.lB05
Consol. 68,1043...J&D h t k
Brooklyn City—Stock.... 168
Consol. 5s,194i...JAJ 113
Bklyn.Cros8t'n58.10O8
Bkrn.ci’usCo.&Snb. 1st 10d
Bklyn.C. AN' wt’wn—Stk 170
5b, 1939...................... m o
Central Croastown—Stk 192
1st At., 08,1922...MAN 3117
Csn.Pk. N.&E.lUv.-SUc 160
Consol..7s, 1902... J&D 114
Oolnmbna A 8th Ave, 5s. 113*4
Chriat’p’rAlOth S t—Stk.
1st mort,1898...A<fcO i o r

108

110
170

115

111
112

iiT

D. D. E. B. St Bat’ v - S t k .

let, gold, 5a, 1932. J AD

Eighth Avon no—8 to o k ..
Scrip, 6a, a9 1 4 ............ .
42d«ft Hr,
For.—Stock
42d St. Man. St SLN. A v.
1st m ort. 6a, 1910.M<ft8
2d m ort. incom e 0a.J<&J
D ex.A ve.& F av, F erry 5a.
M etropolitan T ra ctio n ...
Ninth A ven u e—S to c k ...
Second A venue—-Stock..
le t mort,,5s,1909.M<fcN
Debenture 5s, 1909.J StJ
Sixth A venue—S to c k —
T hird A venu e—S tock1. . .
1st m ort., 5a, 1937.JiftJ
T w enty-Third St.—S F k.
Deb. 5a, 1903.................
on B y—S t o c k ............

114
155

180

iS P
340

315

00
118%
60
li334 114
106

III

108
101

194
121%
300

Bo if l a ...............................

Central......------ ...

B10. Ask,
91

105*4 1 00

.... 185
Cotiaamers' (Jersey City).
Bonda...*......... ............. 99 Si
Jersey City St Hoboken..
Metropolitan—Bonds.......
Mutual (N. T. . . . . . . . . . . . .
N. if. St East Riv. 1st 5a,. 1028i
P refe rre d ......
...... ' 72
C om m on .....................
OonsoL 5a — . . . . . . . ------1 II

B

5 And scorned interest.

92

iiT
1 10

240
i T
38
92

GAS COMPANIES.
Peopiea* (Jeraev C ity)....
Williamsburg let 0 8 ,....
Fulton Municipal 8 9 ........
Equitable.— .............. . . . .
Bonds. 08, 1899.............
8 t, Paul......... .
Bonds, 5s.......... ............
Standard pref...... ........

Bid.
170
108
LOS
200

108
78
Western Gas
05
Bonds, 5a........................ «S9*»

* Ex rlKhta.

107
105*"
110
177*"

Ir­
an
i 98% is**

Has Securities—Brokers Quotations.
GAS COMPANIES.

108

100

§ And accrued interest
x Ex-dividend.

B’klyn Union Gaa -Stock.

113

THE CHRONICLE.

1026

H r o iiil« ((it r . P l ^ u r e a lt r o ii:c U t F r o m P a g e 10.5‘i . —
sta te m e n ts b e lo w a re p re p a r e d b y u s f r o m th e fig u r e s o f t b e
N ew Y ork P rod u ce E x ch a n ge.
W e first g i v e th e r e c e ip t s at
W e s te r n la k e a n d r i v e r p o rts, a r r a n g e d s o as t o p re s e n ti e
c o m p a r a t iv e m o v e m e n t f o r t h e w e e k e n d in g M ay 30, 139G,
» n d s in c e A u g u s t 1, f o r e a c h o f th e la s t t h r e e y e a r s :
FiOUr.

Receipts at—
Chicago.........
Milwaukee..
D u lu th .........
Minneapolis.
D etroit.........
Cleveland. ..
St. Louis.......
Peoria.........
Kansas City.
Tot.wk.’96.
Same wk,’95.
Same wk,’94.
Since Auy. 1.
1895-96 . . . .
1894-95 . . . .
1893-94 . . . .

Oorn.

W heat.

Oats.

Barley.

Ip a ttto n g

BANK
P R O C E E D IN G S

R ye.

1,618,949
1,812.402
1,348,396

1,937,713
3,579,954
3,C4L,61I

3,147,322
3,342,100
2,623.929

414,973
116,554
114,395

9.123,777 183 900,101 103,531,616 124.335,517
10,491,373 135,530,009 70,828,359 83,632,470
11,538,711 139,961.107 130,812,671 108,850,695

36,494,493
30,811,121
28,143,318

Pi our,
W aeat,
bbls.
bush.
6*1,4.$) l.OSD.'^O
26,037
401,872
03,274
490.242
37,613
139.054
49.561
109,831
?,493
87,336
17,549 235.842

Oorn
bush.
742,175
0 ).'7 3
157,024
201,415
607,70)
114,424
246,276

OF

AT THE

ffitm tr r ia l.

MONTREAL.
ANNUAL
HELD

M E E T IN G

JU N E

OF THE

1, 1896.

(F r o m t h e M o n t r e a l G a z e tt e o f J u n e 2, 1896.)
The seventy-eighth annual m eeting o f the Shareholders o f the Bank
o f M ontreal was held in the B oard R oom at 1 o ’clock yesterday.
There were present Hon George A. Drummond, V ice-P resident;
Messrs. R. B. Angus, E. B. Greenshields, H ugh M cLennan, W. G.
M cD onald and A. T. Paterson, D irectors; Angus W . H ooper, J. Y .
Gilmour, A . T. Taylor, F. S. Lym an, Q. C.; John C rawford, John M orriRons H ector Mackenzie, James W ilson, Jr., Jonathan H odgson, R.
White, Hon. Jam es O’ Brien, R. S. White, Jam es Tasker, G. F. C. Smith,
J. Hardisty, John Dunlop, Q. C.; Jesse Joseph, M. Burke, W illiam H.
Benyon, w. A. Miller, A lex . M itchell, W. G. M urray and others.
On the m otion o f Mr. John C rawford, w hich was carried by acclam a­
70,651
41,915 tion, Senator Drum mond, the Vice-President, was v o te d to the chair
in
the absence o f the President, Sir D onald Smith.
25,450
On the m otion o f Senator Jam es O’Brieu, seconded by Mr. H ector
Mackenzie, it was agreed: “ That the follow in g gentlem en be ap­
3.573,058 pointed to acted as scrutineers:
Messrs. F. S. L ym an, Q. C., and A .
2,458,452 W. H ooper, and that Mr. Jam es Aird be the Secretary o f this m eetin g.”
3,202,271
THE DIRECTO RS’ REPO RT.
A t the call o f the Chair, Mr. E. S. Clouston, General M anager, then
f o r t h e read the annual report o f the directors as follow s:
The directors have pleasure in presenting the 78th annual report,
Rj ,
showing the result o f the B ank’s business o f the year ended 30th
>**•>
A pril, 1896.
89,L25Balance o f P rofit and Loss A ccou n t 30th April, 18 95 ___ $815,152 10
.............
Profit for the year ended 30th A pril, 1896, after deduct­
ing charges o f m anagem ent, and m aking fu ll p rovision
42,357
for all bad and doubtful debts............................................. 1,241,196 09

T h e r e c e ip t s o f flo u r a n d g r a m a t t h e s e a b o a r d p o r t s
w e e k e n d e d M a y 30, 1896, f o l l o w :
Receipts at—
New York..................
Boston........................
Montreal...................
Philadelphia............
Baltimore..................
Richmond.................
New Orleans ..............

a n d

SH AREH OLDERS

B b ls.im by nush.60 lbs Bush.bQ lbs Bush. 32 lbs BushAS lh Bu.66 ih*
1,424,561
184,790
17,853
43.410
37.474
2,114,934
21,000
25,000
375,000
103,200
31,900
58,500
25,498
48.280
768,324
179,042
50,583
2,060
618,080
10,927
232,680
1,692
14,400
100
25,900
1,300
2,850
8,231
16,056
21,702
3,700
8S4
31,007
7,8 '9
52,409
12.345
40.044
131,390
2,250
170,655
1,400
3,450
15,600
305,000
10,500
1,800
293,600
8,747
141,515
228,902
292,816

[V o l . L X II.

Unit,
Barley
bush.
bus**.
686,400
161,3 >0
125,394
18,830
59,860
750
85.908
800
260,995
3),873
140,84 >
.........................

20

$2,056,348 19

131,502
13,418

D ividend 5 per cent paid 1st D ecem ber, 1895..$ 600 ,000
D ividend 5 per cent payable 1st June, 1 8 9 6 ___ 600,000

T h e t o t a l r e c e ip t s a t p o r t s n a m e d in la s t ta b le f r o m J a a. 1
t o M a y 30 c o m p a r e as fo llo w f o r f o u r y e a r s :

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

1, 200,000 00

Balance o f P rofit and Loss A ccou n t carried forw a rd ___

$856,348 19

Total week.........
Week 1895................

Receipts Of—
Flour................... bbls.

263.9 n 2,553,167 2,161,496 1,390,271
357,824
793,995
954,980
817,801

1898.
5,379,295

W h ea t................ou st. 15, Oil, 563
C o r n . ....................
•* 35,238,042
O a ts .......................
" 21,045,657
Barley...................
“
3.693,831
R y e . . . ...................
*•
81.9,173
Total grain............. 75,803,268

181,380
800

1895.
0,633,590

1894.
8,231,236

1893
7,318,003

13,732,651
14,826.747
14.7U.S54
1,500,959
168,135

11,042,786
28.125,658
14.052.625
1,759,629
106,670

21,394.303
19,962,127
17.014.304
2,520,301
462,331

44,990,346

55,087,363

61,353,373

T h e e x p o r t s fr o m th e s e v e r a l s e a b o a r d p o r t s f o r t h e w e e k
e n d in g M ay 30, 1896, a re s h o w n i n th e a n n e x e d s t a t e m e n t
W heat.
E xp orts fr o m —
bush.
New York.................. 463,712
Boston........................ 348,010
GalveBton...................................
Philadelphia ...........
90,000
Baltimore..............
317,278
New O rlean s...........
51,000
Norfolk ....................................
Newport News -----Montreal................... 377,737

Oorn,
bush.
221,931
50,442

Flour
hhls.
61,562
45,369

Oats,
bush.
448,708
69,740

i 9*0,099
158,358
291,650
128,571

" 9.397
47,7 79
2,298

‘ 40,000
40,000
15,830

217*039

Total week........... 1,647.737 1,558,090
Same time 1895...... 679,622
735,858

*23*951
190,356
371,274

R y e,

bush.

7,608
534

99,327
4,273

55,646
15,437

33,382
647,660
11,814

P eas.

bust,

99,327

47,504

T h e d e s tin a tio n o f th e se e x p o r t s f o r t h e w e e k a n d s in c e
S ep t. 1 , 1895, is a s b e lo w .
W e a d d t h e to ta ls f o r t h e c o r r e s ­
p o n d in g p e r io d s o f la st y e a r f o r c o m p a r is o n :

A Branch of the B ank has been opened at A m herst, N. S., and also
at Rosslaud, B. C.
Th^ D irectors havin g in rem em brance the em inent services ren­
dered to the Bank by the late Mr. E. H. K ing during his lon g con n ec­
tion w ith it, fo r the period extending from the year 1857 t o the year
1873, in the various and successive capacities o f Inspector, M anager,
General M anager and, ultim ately. President, and also as C hairm an of
the London Board from June, 1879, to N ovem ber, 1888, desire to
p lace on record their regret at his death, and their opinion th at the
Shareholders reaped very large and substantial benefits from his able
administration.
A ll the Odices o f the Bank, including the H ead Office, have been
inspected during the past year.
A p ril 30th, 1896.
D onald A . Sm ith ,
President.
G en eral Statem ent 30 t ii A p r il , 1896
Liabilities.
X a p it a l S tock ........................................................................... $12,000,000 00
ResfrTl . . . . . . . ................................................. $6,000,000 00
Balance o f Profits carried forw a rd .......
856,348 19
Unclaim ed D ividends................................
H alf-yearly Dividend pavable 1st June,
18 96............................... .............. ............

$6,856,348 19
2,442 69
600,000 00
---------------------

7,458,790 88

----------- Flour.---------- % -----------W heat.--------- » ,------------Corn.----------- <
E xp orts fo r
W eek
Since Sept.
W eek
Since Sept.
W eek S ince Sept,
$19,458,790 88
week and since M ay 30.
1, 1895.
M ay 30.
1. 1895.
M ay 30.
1,1895.
Notes o f the Bank in circu la tion ............ $4,585,038 67
8ept. 1 to—
bbls.
bbls.
bush.
bush.
bush.
bush.
D
eposits
n
ot
bearing
interest.................
8,096,490
42
Onited Kingdom 110,520 6,029,040 1,199,653 23,252.007
934,950 39,657,230
C ontinen t...........
10,845
906,514
414,146 8,173,735]
572,401 31,544.759 Deposits bearing interest........................ 24,220,386 77
28,390 53
. & C. America .
34,294 1,097,218
2,4u0
18,806
1,081
526.381 Balances due to other Banks in Canada.
-------------- ------36,930,306 39
W est Indies........
25.150
8?9,168
3,500
14,427
£64.577
Brit. N. A . Col’s.
4,940
270.969
3.600
5,500
355,591
Other countries.
4,007
118,220
31,538
883,783
29,731
954,553
$56,389,097 27

8

T o ta l...................................
190,356 9,301,129
1,647,737
Total 1894-95. . . . 371.274 9,993,541
679,622 37,134,510

32,334,931 1,558,090
735.858 20,227.792

T h e v is ib le s u p p ly o f g r a in , c o m p r i s i n g t h e s t o c k s i n g r a n a r y
a t th e p r in c ip a l cou rts o f a c c u m u la t io n a t la k e a n d s e a b o a r d
p o rts , M a y 30, 1896, w a s as f o l l o w s :
I n n o re a t—
Do
Albany.

W heat,
bush.
, 1,937,000
. 144,000

. 1,132,000
a flo a t ......
!14.751,666
Do
afloat.
Milwaukee...........
. 547,000
Do
afloat.
. 8,318,000
Do
. 287,000
Toledo..
Do
afloat..
. 140,000
Do
afloat
Oswego..............
St. Louis................... .
603,000
Do
afloat..............................
Cincinnati.....................
9,000
B oston ..........................
600,000
Toronto.........................
64,000
Montreal......................
461,000
Philadelphia................
316,000
Peoria............................
15,000
Indianapolis................
34,000
Kansas City................. 1,067,000
Baltimore.....................
509,000
Minneapolis................. 17,221,000
On Mississippi River.
___
On Lakes...... ............
$>07,000
On canal and river... 1,288,000
Do

Total May 80.1896.50.340,000
Total May 23,1896.51.298,000
Total June 1. 1895.52.229.000
Total June 2,1894.59.393,000
T’ntAl June 3. 1893.71.081,000

C om ,
bush.
1,551,000

B ye,
bush.
75,000
' 8,000

Barley
bush.
2,000

20,000
465.000

Oats.
bush.
1,430.000
82,000
lOo.OOO
748,000

127,000

271,000

4,377,000

1,694,000

348,000

10,666

391,000

48,000
145,000

2,000
287,000

2O0,o66

88.000

17,000

118,000

14,666

19,000

2,000

118.000

43,000

2,000

2,000
119.000
13,000
38,000
98,000
3,000
17,000
65.000
882,000
68,000

23,000
5,000
92,000
435,000
112,000
124,000

i.ooo

612.000
33,000
8.905.000
7,99').000
10.7 *>2.000
7.49 5,000
8.18S.000

31,000
209,000
501.000
6,000
P61.000
1,385,000
8.303,000
7,815,000
8,626,000
2.600,000
4.638.000

6,000

22,000

*21,00*6

73.603.091

Assess

Gold and Silver Coin Current__________ $2,137,114 42
Governm ent Demand N otes....................
3,070,493 25
D eposit w ith Dominion Governm ent re­
quired by A c t o f Parliam ent fo r secu­
rity o f general bank note circulation.
265,000 00
Due* by A gencies of this
Bank and other Banks in
F oreign C ountries........ $7,735,111 40
Due by A gencies o f this
BaDk and other Banks in
Great B ritain................. 4,283,263 62
--------------------- $12,018,375 02
United States R ailw ay B on d s...................
2,438,010 77
Notes and Cheques of other B an ks.......
991,736 74
------------------------$20,920,730 20
Bank Prem ises at M ontreal and B ranches........................
600,000 00
Current Loans and D iscounts (rebate
interest reserved), and other Securi­
ties and A ssets............................................... $34,769,687 58
Debts secured by m ortgage or other­
w ise,.................................................................
59,902 21
Overdue debts n ot specially secured
(loss provided fo r )........................................
38,777 28
----------------------- 34,868,367 07

51,000

$56,389,097 27

2,000
E . S. C l o u s t o n , General Manager.

29,000
29,000
67,000
25,000

B a n k of M ontreal,

)

M o n treal , 30th A p ril, 1896. s
157.000
102.000

1.434,000
1,526.000
136.000
252.000
576.000

— M r. F . J. L iarnan a n n o u n c e s i n a n o th e r c o l u m n th a t h e
p re p a r e d to tra d e in all th e issues o f th e B . & O . s y s te m .

TH E CH A IR M AN ’ S A D D R E SS.
The Chairman m oved, seconded liy Mr. A. T. Paterson, that the re­
p ort o f the D irectors now read be adopted and printed fo r distribution
am ong the Shareholders.
B efore the m otion w as put the Chairm an rose and addressed the
m eeting as follow s
The D irectors regret the absence on the p resen t occasion o f the
President. Sir D onald A . Smith, G. C. M. G., w ho lias a ccepted the
office of H igh Commissioner fo r Canada in London, and has gone
there on m atters o f Im perial interest.

THE CHRONICLE,

J une 6, 1896.J

It lias Leas tlie practice for many years that the business of the animal meetings should be introduced by a review by The Chairman of
the more noteworthy events in the financial anti commercial world—
more especially those having a bearing on the widespread interests of
the bank—and in accordance with these precedents I shall venture to
ofl'er a few remarks.
The Report of the Directors, printed and laid before you, places you
in possession cf the essential facts of the year's business and its re­
sults, aud the General Manager will be prepared to give further ex­
planations* if necessary.
X feel assured that this statement must be as satisfactory to you as
it is gratifying to the Directors and creditable to the management.
Profits have lu.-en maintained and the usual dividend earned—in face
o f a eon tin tied and intensified decline in the value of money and of
many staple productions of the country,

1027

attracted little attention and excited neither heated discussion nor
disquietude.
We ha ve had a severe lesson on the disastrous consequences of the
manifestation of this spirit even without any overt act, and it is to be
trusted that the better judgment of the people will appreciate its dan­
gers and discountenance in the future such a fruitful source of panic
and disaster.
Generally speaking I think we may more hopefully regard the future.
The suspense now existing must end. We have survived without
serious scathe an unexampled reign of distrust and low prices over all
civilized countries; and our resources are comparatively unimpaired.
The savings of the laboring classes go on accumulating. With more
settled political conditions we may confidently look for returning
prosperity. (Applause.)

A REVIEW OF THE SITUATION.

TH E GEN ERAL MANAGER.

The world-wide and long-continued depression in every branch of
business, due primarily to want o f confidence, has been less felt in
Canada than in most countries. Our banking system and financial
institutions have stood the test well—such disasters as have recently
occurred being relatively of no considerable bulk, and not due to the
general causes above referred to. But it is not to be concealed that
such a prolonged strain as has been endured must weaken the ulti­
mate power of resistance In many quarters, and it becomes the
earnest wish of everyone to see disturbing elements speedily removed
and confidence restored.
An Illustration o f # e foregoing facts—more or less trustworthy—is
to be found in the record of failures for the twelve mouths ending
April last, which number 2,.076, as against 1,871 in the preceding
twelve months, and show a total for last year of $16,512,000, as
against $15,469,000 in 1894-5.
Turning to the general trade of the country. In the production of its
great staple—wheat—the crop of last year is estimated at 56,850,000
bushels, and that for 1894 at 42,500,000 bushels, an increase of
14,350,000 bushels, or over 33 per cent, notwithstanding a decrease in
Ontario of over 2% millions of bushels due to drought.
The increase of the wheat crop in Manitoba and the Territories, we
learn from official figures to have boon no less than 82*30 per cent
over the crop of 1894, or a total. increase of 16,60*2,000 bushels, and
has proved of inestimable value to that portion o f the Dominion,
and to the railways sad transportation companies serving it.
N'o better proof of the consequent prosperity can be given than the
records of the Loan and Insurance companies doing business in Mani­
toba. From a statement I bold in my hand it is shown that op to De­
cember 31st, 1895, the arrears of interest and of capital o f the total
loans in the Province o f Manitoba were only 1*7 per cent at that date.
The. crops in Manitoba and the Territories, in. 1895, are variously
given for wheat from 32,775,000 bushels to 36,775,000 bushels; other
grain crops figure at 3 1,482,000 bushels, while of live stock the exports
for the same period were, from Manitoba and the Territories: Cattle,
40,080 head; sheep, 13,036 head; hogs, 4,022 bead: horses, 235
head.
In the Province o f Quebec the crop of hay yielded a very Important
return to the farmers, if. has been estimated that between 500,000
and 600,000 tons were disposed o f to the Halted States and Ontario at
a valuation of about five millions o f dollars, this in addition to the
supply of the local markets,

Mr. E. S. Clouston was then called upon hy the Chairman and spoke
as follow s:
The business year-just closed has been one of the most disappointing
in my experience as General Manager of the Bank of Montreal.
For although the outlook when I last met you was not at all reas­
suring, yet as the year went on prospects gradually brightened. There
was a good crop in the Northwest which helped matters, and the com­
mercial community grew more hopeful and more disposed to expand
their business; and it seemed as If we had at last turned the corner of
a series of dull depressing years.
In the United States the improvement was probably more marked
than in Canada, because the depression there had been greater.
The Government of the United States, through the syndicate opera­
tions, had shown its ability to maintain the- gold standard (a fact
seriously questioned by many persons at the beginning of the year
1895.) The iron industry was almost booming. Railroads were show­
ing improved earnings, and with the improved earnings restoring the
wages of their employes, spending more moaey in betterments and
aiding the recovery In business in all directions.
T H E V E N E Z U E L A N IN C ID E N T .

Upon the 17th of December last, however, all was changed by the
Venezuelan incident. A general disorganization was the result; a
drain on the United States Treasury ensued; foreign bankers with­
drew their money from the United States money m arkets; American
seeuritu :#m the United States ami Europe were thrown on the mar­
ket. -Ui this rapidly produced a panic on the Stock Exchange, money
advanced to high rates, and In all cases was not procurable.
It was one of the worst panics, if not the worst, of the century, and
not only in the United States but in Canada, also, ruin apparently
stared every one in the face. And he would have been a rash man
who would have undertaken to value the assets of the banks of the
United States and Canada during the first few days of that crisis. But
the very violence of the panic worked its own cure, as it made it
apparent to the more conservative element how closely the two great
English-speaking nations were bound by their commercial relations.
Cool heads and better councils prevailed and the danger gradually
passed away. And probably the result Is that we understand each
other better now than before the trouble and are better friends in con­
sequence. The shook to commerce, however, was so violent that it lias
done infinite damage, and the evil consequences time alone can cure.

PJtoSPKCfi A HE HOPEFUL.

ITS EFFECT IN CANADA.

It is not to he concealed that the decline in all purchasing markets
o f the world in the value of our staple products, such as wheat, cattle,
pork and lumber, ha* been most disappointing—not only to farmers
and producers—httf also to all who dealt in these com modifier—but
the hope of better times i* largely based on the extreme improbability
of any farther decliiu , and indication.* In favor of enhanced values
are not wan Dug.

With the hopeful feeling that had been steadily growing In Canada
up to the cud of the year, our merchants had been tempted to increase
their importation*, and our manufacturers were enlarging their out­
put, and, as a consequence, they now find themselves with heavy
Mocks and a dull market. Many , losing hope, gave up the struggle
and failures became numerous; and many, being only to glad to take
advantage of the opportunity, made profitable effupromiaes.
The United States lumber market, which especially affects Canada,
has been so dull that the lumbermen who manufacture for that mar
kefc have a much heavier load than usual to carry,

The general trade returns show very decided im provem ent.

Shipping out o f this port u fully employed. The tonnage available
for grata, U l* stated, has been taken op for several weeks ahead at
fairly average rotes, and. the exports since the opening of navigation
have been considerably larger than they were In 1S95, but inward
©argon* have been light.
The Government returns for 10 mouths ending April 30th last show
an lammm in the whole trade o f the country
In exports o f home product*........ ......................... ..... ..........$3,232,478
In m.port* o f ;ore!gn prodnot*...... .,
.......................... .. 2,420,446
. . . . . . . . . . . . . ......$5,653,922
Or n total o f . , ................................
Imports for consumption have increased........................... $4,706,110
And the following details show how largely the raw materials for
manufacture figure in the foregoing Increase:
Imports, Dyes and Chemicals, increase...... ...............___ ... $141,70$
Impbfto, Midas and dfctMMb*. . . . . . ....................... « ...,
245.056
Import*, India Hublmr anti Gotta Ferclia... . . . .. . . . . . . . . . . . .
338,680
Imports, Hisat—Manilla and H em p.....**,,. . . . . . . . . . ___ . . . . . 220,163
Imports, Metiila on free Hat.... . . . . . . . . . . . . . . . . . . . . . . . . . ___. ..
813,289
The foreign trade is again expanding. From 1890 to 1834 there was
a steady Inercase In expert*, from $96,749,000 to #117,524,000, In
1893 they dropped to $113,638,000, but In the 10 months of the fiscal
y**4r ending with April they reached $91,230,000—an increase over
the same period In the prerioiM year of $3,650,000. If *lit* ratio la
kept up during the folio wing 2 months the export trade will be one of
the largest in the history of CJauada.
There la a sratlfyta g inervaae Hi the traffic returns o f our railways.
The Canadian Pacific Railway Company from Ja n aa ry 1st to the end

FINANCIAL POSITION OF THE UNITED STATES.

Added to this unfortunate condition is the disturbing state of finan­
cial affairs in the United States, where some of the legislators have
been untiring in their efforts to discredit the financial standing of their
country. A Presidential year there, and a general election here, with
all their attendant uncertainties—the fear of tariff changes in one
country and in the other the silver question, all tend to make this a
year of unrest, and one to be looked forward to with anxiety. But if
We could only feel assured that a strong gold plank would form part
of the platform o f the victorious party in the united States we could
look forward far more hopefully to the future prosperity of the Amer­
ican Continent. And that, after all, is the keynote o f the future.
SIGNS OF IMPROVEMENT,

Thera are not wanting signs of improvement, chief among which is
the increasing earuimrs of the railroads, which, must be accepted as
an indication of a better state of affairs. Probably not in many years
have railroads been on such a healthy basis as at present. Doubtful
! roads have passed, and arc passing, through the crucible of reorgani­
zation, and necessity has forced greater economy in operating; conaeqtientiy their finances are in better shape and there is a considerable
amount of future traffic in sight, This cannot fail to have a good effect
o ii business m ne rally.
There is another factor in the general situation that must not be
overlooked. Not for many years nave the laborers, the artisans, the
mechanics and the rest of the people experienced such cheap living.
Bread, m e a l s , butter, cheese, eggs, milk, tea, coffee, sugar, clothing of
ail descriptions—in fact all the necessaries of life—arc obtainable at
a lower bads of cost than ever before known in the history of the

o f April show* mi Increase of $1,158,000, and the Grand Trunk
return* for April show mi. increase of $40,000, m compared with the
same month in 1895.
Since we last met no now legislation has been passed ieffecting the Dominion.
In Canada it is too early to speak of crop prospects. The prices of
banking Intormt or calling for remark, and the chief distracting ele­
ment In domestic politics’ now in view ib the impending election’ of a farm products arc unfortunately low, but there is a, good demand for
timber
for thb English markets at an advanced price. In portions of
new Hons© of Commons.
Ontario the blighting effects of real estate speculation have not yet
THE SILVER QUESTION IN THE UNITED STATES.
been entirely removed. Reports are satisfactory from the Maritime
If w« torn, to foreign politics and their influence on our progress and Provinces. Business in this Province is fair, and the position in
prosperity, w© encounter events of the first magnitude and importance. Manitoba is sound. The demand for cattle on the ranches in the
The <•ontiuned agitation of the stiver question. Hi the United States la Northwest Provinces is good and all eyes are turned expectantly, and
a menace to almost every Interest, and postpones any antieipation of hopefully also, towards
B R IT IS H COLU M BIA.
better times. It seems about equally useless to discuss seriously its
demerits a* a policy m to estimate it* chances of success.
That Province lias suffered severely from the prevailing depression,
Many recent political con veutiona there have proved that Its thor­ but there can be no doubt that with its immense resources it has a
oughgoing supporters will tolerate no half measures; unrestricted bright future before it. Its important salmon canneries—its inex­
coinage." " a ratio of 10 to 1 ,” cud the prompt voting down of every haustible deep sea fisheries barely touched—ito lumber trade, now
suggestion, towards making the ratio represent the commercial showing signs of emerging from its depression—and last, but not least,
value^ of the »*«*tals, show the danger ’of such, views, A ratio its immense mineral deposits now being rapidly developed—all point
o f 16 to 1, when the commercial values are about 81 to 1, in that direction. The ball Is at its feet anti it only ret Hires wise and
means repudiation—neither m ore nor less.
Its advocates, nom i­ economical handling of its finances by the Government, together with
nally bimetal!: Gis,won id la practice, t fear, prove strict monometalHsts, a firm resolve to discredit aU bogus companies and to use honestly the
and show a decide*! preference for discharging their obligations with a foreign capital which will pour into it, to make it one of the wealthi­
fifty cent silver dollar* The mere possibility o f such a measure be* est. and most prosperous provinces of. the Dominion. It is unfor­
coming la w m beyond doubt the cau.su of great distrust in every quar­ tunate that much of the business of the ruinlog district does not benefit
ter and o f low prices for American securities, and the immediate oc­ the country generally, but with better railroad communication we
casion o f the practice, now m co m m o n , of Inserting a provision Hi all will, no doubt, before long obtain our fair share.
form o f securities catling specifically for re-paym ent in gold. I conThe finances of Canada have been judiciously administered and its
1 ' ‘ ‘ h-- h o f MiiTikin j-; !),■ <-i
u.■n-■ V
insufficient, credit never stood higher, and taking it altogether, as I said before,
unless the speellft quantity of gold In the dollars is also stipulated.
although this year must necessarily be one of anxiety, because an­
The world appears to hove entered on a period of general political other such year as we have passed through would mean ruin to many
unrest. Many inrernAtional questions have suddenly been raised to and consequent heavy losses to the banks, yet there is much for the
th e foremost Import.moo which in ordinary times would have hopeful mind to feed on, 5

1028

THE CHRONICLE.

[V ol, L X II,

about the late Mr. King, form erly Chairman of the Board in London.
THE GENERAL STATEMENT EXPLAINED.
I think the eulogium passed upon his great character was fu lly en­
Speakin*r more particularly with reference to the statem ent laid be­ dorsed
by every person at this meeting.
fore you, I will now explain the position o f the different items. I raa}v
The Chairman - I m ight say that a resolution of condolence w ith the
sav that at the request o f one o f the shareholders w e tried the e x p e ri­
widow,
Mrs. King, was passed by the Board here and forw arded to her
ment of placing last year's figures in parallel colum ns, but it m ade at the time
of her husband’s death.
such a clumsy looking statement that we gave up the idea, and have
VOTES OF THANKS.
given as required bv our by-laws, the statement, in the usual way, o f
the year's working.* W e felt also that such a com parative statem ent
Mr. G. F. C. Smith m o v e d :
a 9 was suggested m ight in certain cases con v ey a w rong im ­
That the thanks o f the m eeting b e presented to the President,
pression, a lid that it was better that the General M anager should give Vice-President and D irectors for their attention to the interests o f the
an explanation o f any changes.
Bank.
The follow ing are the m ore im portant, as com pared with last y e a r :
In m aking the m otion, Mr. Smith said that such a resolution w as
In the liabilities the circulation lias increased $324,000, the free looked upon by m any as being m erely form al, and yet it should n ot b e
deposits have decreased $1,408,000, nearly altogether in the G overn­ so when there was taken into consideration the interests that w ere
ment Account. The interest deposits have apparently decreased placed in the hands o f the B oard and the m anagem ent o f which in ­
$365,000, although :in reality the deposits by the public have in ­ volv ed the com fort or discom fort of the Shareholders. The w ord
creased $1,135,000, the G overnm ent having w ithdrawn an interest- “ than ks” was hardly enough, though it was the term generally used.
bearing deposit o f $1,500,000. In the assets we have $723,000
The m otion was seconded by Mr. A lexander M itchell, and unani­
m ore cash on hand. Our foreign balances have been draw n on to the m ously concurred in.
extent of $3,268,000 to provide for the ab ove w ithdrawal o f G ov ­
The Chairman—I have to acknow ledge, on beh alf o f the D irectors
ernment deposits—for an increase o f $1,036,000 in our loans—and and m yself, the kindly term s in which the m otion ju s t passed by you
for the purchase o f $385,<00 additional securities. The overdue debts has been prefaced, and in doing so I can say that the Board has been
secured and unsecured are $112,762 less.
distinguished above m ost Boards with which I have anything to do toy
With reference to the profits, though only slightly larger than last its close attention to the interests o f the Bank.
year, they must, under the exceptional circum stances attending our
Mr. Hugh M cLennan m oved :
operations of the year ju st closed, be considered highly satisfactory.
That the thanks o f the m eeting be given to the General Manager,,
We had to contend during the first eight months o f our fiscal year with the Inspector, the M anagers and the other officers of the Bank for their
exceptionally low rates in New York and Chicago, and w hen the crisis services during the past year.
enhanced the value o f m oney, w ere obliged, from m otives o f prudence,
In supplementing the m otion, Mr. M cLennan sa id : “ A s on e o f the
to hold large sums in gold, and could not take full advantage o f the D irectors, I can say that, so far as our regular w eekly supervision of
chances to make profits. We have succeeded in m aking our dividend the business o f the Bank was concerned, I might em phasize the reso­
after having, as we believe, m ade fu ll Jappropriations fo r all bad debts lution, on behalf of the B oard, b y adding that the duties have been
and doubtful accounts. I t remains to be seen, how ever, whether we v ery efficiently d ischarged b y the officers of the Bank during the past
have yet fullv appreciated the consequences o f the g reat shock given year.”
to the comm ercial stability o f the country by the events o f the year,
The m otion, w hich w as seconded by Mr. R. B. Angus, was unani­
and it is possible that unless the tide has actually turned, the tale o f m ously agreed to.
business embarrassments is not y et ended.
The General M anager—I have to thank you, on beh alf o f m yself and
Even if the general business o f the coun try should im prove, the the other officers of the Bank, fo r the m otion ju st passed, and fo r the
outlook for profits in the year w e have ju st entered u pon is n ot p rom ­ w ords o f appreciation w hich have been spoken.
ising, as the rates fo r our Foreign Call m oney are nominal.
Captain W. H. Benyon m oved—
We have purchased the prem ises form erly occu pied b y the B ank o f
T hat the ballot now open fo r the election o f D irectors b e keptr
British Columbia in the city o f Victoria, and it is our intention to open until 3 o’clock, unless fifteen m inutes elapse w ithout a v ote
build a new and suitable bank building there during the com ing year. being cast, w hen it shall b e closed, and until that tim e, and fo r that
(Applause.)
purpose only, this m eeting be continued.
This was seconded b y Mr. Jesse Joseph, and unanim ously carried.
v
TH E DISCUSSION.
Mr. John M orrison proposed a v ote o f thanks to the Chairman for
Mr. John M orrison asked if the am ount paid fo r the purch ase o f the able m anner in w hich he had conducted the business o f the meet­
bank premises in Victoria, B. C., had been put dow n to current e x ­ ing, a com plim ent that was m ost heartily accorded.
penses or had been otherwise carried forw ard.
The Chairman—It has not been otherwise carried forward.
TH E DIRECTO RS.
Mr. John Crawford.—Was the profit upon the loan o f tw o m illions
The ballot resulted in the re-election o f the old D irectors as fo llo w s :
w hich you negotiated for the city a short tim e ago included in the
Mr. R. B. Angus, Hon. George A . Drummond, Mr. A . F. Gault, M r.
financial year ending the 30th o f A pril ?
E dw ard B 1Green shields, Mr. W. C. M cDonald, Mr. Hugh M cLennan,.
The Chairman—Only partially.
Mr. Clouston—It w as not included e x cep t to a very small extent, Mr. W. W. Ogilvie, Mr. A. T. Paterson and Sir D on ald A. Smith, G. O
M.
G.
because the operation was not com pleted.
Mr. John C raw ford—That is a good feature, I think, because I
A
t a m eeting o f the new Board on T u esla y, the 2d inst., Sir D onald
understood it w as a very successful venture and very profitable to the
Bank, so that the probability is that it will appear to the credit o f the A. Smith was elected President and Hon. G eorge A. Drum m ond,Vice
President.
profit and loss account fo r the next year. I w ould like t o have ju st
a word or two from the Chairman as to the position w hich this Bank
holds in Newfoundland, where we recently established an agency. It
A u c t i o n S a le s .— A m o n g o t h e r s e c u r it ie s t h e f o l l o w i n g n o t
is an im portant island, and when the branch was established there it
was thought there w ere going to be very great advantages accruing r e g u la r ly d e a lt in a t t h e B o a r d , w e r e r e c e n t ly s o ld a t a u c t io n :
from it. I think it w ould be o f interest to the shareholders generally
B y M essrs. R . V . H a r n e t t & C o . :
to hear a few remarks from the Chairman as to the result o f that
77*4
50 shares D ayton & Michigan RR. C o ...
extension. I w ould also like to hear some general remarks upon the 395 Spokane Falls Water Pow er C o.........
| $100 lo t .
position of onr m oney in the United States o f Am erica, as w ell as in our 500 North Western Milling & Pow er C o..
branches in London, Chicago, and so forth. I should also like the
B y M essrs. A d r ia n H , M u lle r & S o n :
Directors to consider a small request I m ade at the last m eeting, that
Shares.
Bonds.
the general statement should be printed in parallel colum ns w ith the
1 Chemical Nat. B a n k .......4,105 $10,003 N orfolk & Va. Beach
results for the previous year.
The Chairman—Mr. Crawford is quite right in describing his request 1,650 Leadville Consol. Min­
RR. 1st mort. bonds. July,
1891, coupons o n ................. 38
ing Co.................10c. per sh.
that the figures should be given in parallel colum ns as a very small
5 Am erican H orse E x ch .$ 2 5 lot $106,000 State o f N. Carolina
and m oderate request. I remem ber him making it last year. I t was
referred by the Board o f Directors to the General Manager, and he
5 United States Trust Co 1,070
6s, April, 1870, coupons
took the trouble o f explaining ju st now the reason why it was not
10 E ast Orange Nat, B an k .110
o n .......................................*45 0 lot
10 Title Guar. & Trust C o ..310
$1,000 Gainesv. Jeft.& So.Ry.
adopted. I am sure he had no desire to ignore the request made
15 Southern Nat. B ank....... 111 !s
by Mr. Crawford at the last m eeting, but the m atter w ill once m ore be
Co., Ga., 2d 7s, 1908. A&O. 30
Bonds.
$2,003 Atlantic Mutual la s.
considered by the Board o f Directors, I am sure; and if it can be ac­
Co. scrip o f 1838..................104%
complished w ithout departing very largely from the p ractice o f the $14,000 Colonial City Elec.
Ry. Co. le ts ............................ 1
Bank, I tbink it w ill be done. A s to the other enquiries, I think they
$13,012-43 Nat. Cord. Co. Tr.
can be m ore properly answered by the General M anager than b y m y ­ $3,COO Yonkers 7s, 1900,
Liquidation cert............. $565 lot
A & O ............................ l l l % & i n t . $8,000 Camden & A tl. Ry.Co.
self. Those also w ere very p roper questions. One was as to whether
the agency in N ewfoundland had proved satisfactory, and in a general $23,000 R etsof Mining Co. le t
2d (now 1st M.) 6s, 1 8 9 3 ...1 0 6 %
way I may say that it has fully answered the expectations and antici­
5s, 1925.................................. 16
$1,000 Penns. R y. Go. cons.
pations of the Board. It did good service on the Island in tim e o f
5s, 19 19.................................. 116%
panic and distress, and it has done so w ith good results to the Bank.
Mr. John Crawford—You don’t feel disposed to w ithdraw it 1
— O n th e b a c k c o v e r o f th e Quotation S upplement w i l l b e
The Chairman—No, certainly not. I f there was any other point
which I failed to note, I snail b e glad to be reminded o f it. I w ill now fo u n d th e c a r d o f F r e d e r ic H , H a t c h , 66 B r o a d w a y . M r.
H a t c h m a k e s a s p e c ia lty o f th e s e c u r itie s n a m e d in h is a d v e r ­
ask the General M anager to give m ore specific details.
Mr. Clouston—I should like to disabuse Mr. C rawford’s mind o f the tise m e n t a n d s o lic its o r d e r s a n d w ill fu r n is h q u o ta tio n s f o r
idea that we made large profits out o f the loan w e negotiated fo r the th ese o r a n y u n lis te d o r in a c t iv e s e c u r it y .
city. W e simply act with several financial houses, taking a participa­
tion in the loan, and receivin g a small commission fo r m aking the
— A t t e n t io n is c a lle d t o th e J u n e in v e s t m e n t c ir c u la r o f
issue. We do not get the difference betw een what w e pay the city and R e d m o n d , K e r r & Co., p u b lis h e d o n th e la st page o f th e Q uo ­
what we issue in L ondon, not b y any manner o f means. Our business
at St. Johns, N ewfoundland, has been satisfactory. As Mr. Drummond tation S upplement issu ed w it h th is n u m b e r o f th e Chr on ­
says, when we w ent there w e w ere o f very great use to the Island in icle .
re-establishing the finances o f the country, which w ere very m uch disor­
ganized. Since then the loans made at that time have been paid off,
and we have alarge amount o f deposits, showing that the Island is not
at ail in the im poverished condition which has been sometimes repre­
sented. It has turned out a very valuable branch, indeed. With re­
gard to the m oney in the United States Mr. C rawford asked about,
you will understand that w e put it there in order to have a reserve
fund to draw upon is case o f necessity. There are tw o classes o f re­
serves—one is the call loans payable in the currency o f the country,
N E W Y O R K ,.
which m ay be called in in a few hours so that w e can bring in 2 7 & 2 9 P I N E S T R E E T ,
65 State Street, Albany.
m oney to this country at v ery short notice. B eyond that w e have
time loans, which are m ade payable at longer periods, and are pay­
INVESTM ENT SECURITIES.
able in gold ; these are chiefly in Chicago. These are spread over cer­
tain periods, but I have no doubt that in case o f necessity w e could
get them in in 30 days, so that it makes a very valuable second re­
amuel
avis
serve.
Mr. John Crawford—Have you tim e loans to any considerblo extent?
I see there is no m ention o f them in the statement. Banks in Eng­
land generally p lace the time loans in their statem ent—the num ber at
N O . 4 0 W A L L S T ., N E W Y O R K .
three months, the number at fou r m onths, and so on. I sim ply submit
that as a suggestion which would be appreciated by the shareholders, Samuel D. D a v is ,
C h a s . B, V an N o str an d ,,
who will be glad to know that there is p rovision m ade In case o f an
unexpected contingency arising.

fa u k ittg

and

ffim ttcia l.

Spencer Trask & Co.,
BANKERS,

S

D. D

& Co.,

BANKERS,

Mr. Clouston—W e practically have no call loans in Canada. When
"wSilljaSe . a caH l°an, it is practically not a call loan, because if we
called it, it would disturb the m arket, so we keep all our call money m
the United States.

The m otion for the adoption o f the report o f the D irectors was then
carried unanimously.
Mr. John Crawford—I think the shareholders m ight have said that
they thoroughly appreciated the remarks which our Chairman made

GIeokq * B a r c l a y M o f f a t .

A lkxan - d su

M o f f a t

& W

m

h i t e

. W h i t *, J h

,

BANKERS
30

P I N E

S T R E E T ,

-

-

N E W

IN V E S T M E N T S E C U R IT IE S .

Y O R K .

THR CHRONICLE.

J une 6, 1896,"]

Posted rates of leading bankers are as follows:

g& e ^ x v fe z x s ’

June 5.

DIVIDENDS.
yarns of Company.

Per
Cent.

R a ilr o a d * .

Boston 4 A lbany (quar.)..............

Boston ALawetl. .......................
Chic. & Sorth West, com ...........
do
do
prof, (quar.) Chle. 4 Western Indiana (quar.).
C. C. O. 4 St. L. pref (qaar.)......
Co!. Hock. Valley 4 Toledo pref.
D earer 4 Rio Grande pref..........
Des Moines 4 Ft. Dodge pref___
Eastern of N. H ............................i
Little Miami, guar, (quar.)..........
Northern Central.......... ..............

2

3*0

When j
Boobs closed.
PayableJ {Days inclusice.)
June 30: June
July
1 June

Phlla. Wtltnlneton 4 Baltimore
Provident)© 4 Worcester (qaar.).
ITIIeceUaneoaa.
Buffalo R f. (quar.) .....................
1
3
Chicago City Ky, tquar. ............
Coos. K.C. Smelt. * Refg.pf. (q'r)
1%
>". V. Biscuit (qttar.)..... .............
1%
Spirits DUttibntine 1 st prof....... $ I T 2
United States Leather p ref____
1

7 to Jane 30
7 to Jane 13

88 ®4 88% 4 89 ®4 89%
86%®4 87
............
86%B4 86%
............
1678®5 16%;5 1538»5 15
40%®40Sla 40%e®40%
95%®95%e 95>lts®95%

j Aug.
1 ;-------------to
— -----------(June 1 5 ------------t o ------------r
J a n e 10 May 30
to June 9
Interest May June June June June June
---------------to — --- ----J u ly
Periods 30.
1.
2.
3.
4.
5.
J u ly
1 ----------t o -------------J u n e 30 -— ------- to
— -----------2 9 , ........................re*. Q,-Moh..
* 94% * 9 4 % * 94*2 * 94 % * 9 4 %
4s, 1 9 0 7 .............. rev. Q.-Jan.

J u n e 10 June 5 to JunelO t s , 1 9 0 7 . . . . . . .oon p .
J u n e 2 0 ------------ to
— -----------4 9 ,1 9 2 5 ........ . .r e g .
June
8 -------- t o -------------- 4 s, 192-5..........c o u p .
July
1 ---------- t o ------------ - 5 8 ,1 9 0 4 ..............reg.
June 15 June 6 to June 15 5s, 1 9 0 4 ____ _ .oo n p .
July
1 Jane 16 to Ju ly 1 6s, a n r’ e y ,’ 9 7 . .rev.

*
62,622,700
71,951,500
502,547,200
13,250,200
566,229,400
70,041,000
112.137.600
182.778.600
141,557,350

59,912,700
71,545,100
464.993.600
9,933,600
572,133,400
99,019,600
121,981,100
220,999,700
113.031.600

Burping reserve 22,230,675lIno. 529,175 41,221,250' 77,965,100

Foreign Exchange.—The foreign exchange market has
been dull and weak. The supply 13 abundant to meet the
limited demand and rates are fractionally lower than our
last quotations.
To-day’s actual rates of exchange were as follows; Bankers’
sixty days’ sterling, 4 87kf@4 87*4; demand, 4 8 8 @ 4 8 8 ;
cables, 4 8SJ,£@t 8 8 p £ ,
The following . re the rates of domestic exchange on New
York at toe under-mentioned cities to-day: Savannah, buying
1-16 discount, selling par : Charleston, buying par, selling *4
premium ; New Orleans, bank, $1 50 premium ; commercial
50c, per 81,000 premium; Chicago, 80c. per $1,000 premium;
St. Louie, 30o.(g50c, per $1,000 p r e m i u m . ,

*100
*100

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

Receipts.

Payments,

$

$

May 30
June 2
•* 2
44 3
4* 4
44 5

4.376,226
7,354,529
2,527,422
2,651,371
2,512,930

Total

19.422,184

Coin.
$

.H O L ID A Y .

too0

1894.
June 2.

*100
*100

*107%
109%
* 1 16 %
1 16 %
*112 %
*112 %
*100%
*103
*105
*100
*100

*100 *100 *100
*100 *100 ‘ 100
* T bls is the price bid at the m orning board, n o sale was made.

00 o f:o f CO

01,1^2.700]
............. .
74,138.800
475,156.400 (n o.1,756,000
14,005,100 Ino.
75,300
498,871,100 to e .1,832,900
62,430,000 Ino. 914,500
84,493,200 In c. 72,900
140,919,200 Inc. 987,400
124,718,525 Ino. 458,225

1895*
June 1*

J. A J.
6», o n r ’o y y '9 8 .. rex. J. A J.
o u r ’o y ,'9 9 ...r e g . J. A J.
(Cher.) 1 8 9 6 .rev. March.
(C h e r.)1 8 9 7 .re g . March.
(C her.) 1 8 9 8 . reg. March.
(C her.) 1 8 9 9 .reg. March.

6s,
4s,
4s,
4s,
4a,

0 —^CO O .

•Differen’strom
1 free. week.

* 1 0 7 % .’ 107% *107 % *1 07 %
109% *109%
*116% *116%
116% *116%
*112% *112%
*112% *112 %
* 1 0 0 ^ * 100 %
*103
*103
*105 *105
*100 *100 *100 *100
*100 *100 *100 *100

• *109 % *1 09 %
;
116% '1 1 6 %
>*
11638 *1 16 %
<
112% '1 1 2 %
0
113% *112%
i-3 *100% * 1 0 0 ^
O *103 *103
3 *105 *105

Q.-Jan.

Q .-F e b .
Q .-F e b .
Q ,- Feb.
Q .-F e b .

'J

The Money Market and Financial Situation.—Wall Street
continues in a state o f suspense, and business at the Stock
Exchange is confined chiefly to purely speculative manipula­
tion of the markets by professional operators. There seems
to be little hope of any material change until the St. Louis
Convention shall have constructed the platform on which the
Republican Party will stand in the coming presidential
campaign.
The action o f the United States Senate on the Butler
Anti-Bond bill was not favorably regarded in financial
circles, especially abroad, where it was looked upon as an
expression o f public sentiment in regard to maintaining the
gold standard. The effect o f this was largely offset, however,
by the prompt and decided repudiation o f the measure by
the Ways and Means Committee o f the House.
A feature of the week lias been an unusual activity in
silver bullion certificates and an advance in the price. This
is probably, in part at least, a speculative movement. Gold
exports have declined to the small total o f §1,100,000 for the
week. It is reported that further sales o f our securities
abroad in considerable amount liave been made, and rates for
foreign exchange have declined.
Recent reports of railway traffic are generally favorable,
notably that of the Chicago & North Western, but returns
from some of the Southwestern roads show the effect upon
business of the recent storms in that section. The crop
prospects are improved by the exceptionally favorable
weather which has generally prevailed in all parts o f the
country daring the week.
The open market rates for call loans during the week on
stock and bond collaterals have ranged from 1*4 to 2 per
cent. To-day’s rates on call were 1*4 to 2 per cent. Prime
commercial paper is quoted at
per cent.
The Bank of England weekly statement on Thursday
showed an increase in bullion of £610,008, and the percent­
age of reserve to liabilities was 59 37 against 59'34 last
week ; the discount rate remains unchanged at 2 per cent.
The Bank of France shows an increase o f 12,775,000 francs in
gold and 3,650,000 francs in silver.
The New York City Clearing-House banks in their statement
of May 29 showed an increase in the reserve held of §987,400
and a surplus over the required reserve o f $23,330,875, against
$21,701,500 the previous week.

Capital----- -. . . .
Bnrpln*.........
Loans & disc's is.
Clroutatlen----- Net deposit*___
S jeeie.................
Leva! tenders....
Reserve h eld...,.
Let?»i reserve....

D em a nd .

4
4
4
5

6.June LI to Ja n e24

W A L L S T R E E T . F R I D A Y , JU N E 3 , 1 8 0 6 - 3 P . M .

1896,
May 29.

S ixty D a ys.

Prime 1)ankers' sterling bills on London..
Prim e com m ercia l......................................
Docum entary com m ercial..........................
Paris bankers' (francs)................. .............
Amsterdam (guilders) bankers.................
Frankfort or Bremen (reiohmarks) b’kers’

United States Bonds.—Sales of Government bonds at the
Board include §57,100 4s, coup., 1925, at 116% to 116% :
$7,000 4s coup. 1907, at 109% to 109%; §5,000 4s, reg., 1925,
J u ly
1 June 17 to July L
'July
1 June 14 to Ju ly 1 at 116%; §3,000 5s, reg., at at 112%, and $3,000 5s, coup., at
112%. The following are the closing quotations :
July 15 July 7
to July 15

! % ) JuJy
1%
2%
1
6
1%
2
3
3
2%

1029

108,702,705
109,505,135
107,946,790
107,884,792
107,735,515

21,750,576

Balances.
Coin Cert’s. Currency.
$
1,821,416
1,865,523
1,785,791
1,958,002
1,579,387

$
92,146,546
91,528,494
91,905,134
91,549,015
90,685,860

.........

Coins.—Following are current quotations in gold for coins :
Sovereigns.......... §4
Napoleons . . . . . . . 3
X X Reiohmarks. 4
25 Pesetas.......
4

89
86
80
75

®$4 82
® 3 92
® 4 86
a 4 80

Span. Doubloons.15 55 ® 15 75
M ex. D oubloons. 15 50 ® 15 75
Fine gold b a rs ...
par ® % prem.

Fine sliver bars... — 68%® — 69%

Five fran cs........... — 90 @ — 95%
M exican d ollars.. - 5 3 % » — 54
D o uneom’olBl.. — 5 3 % » — 54
Peruvian sols.— — 48 ® — 49%
English s ilv e r .... 4 80 a 4 1 0
U. 8. trade d ollars — 65 ® — 75

State and Railroad Bonds.—Sales of State bonds at the
Board include §5,000 No, Carolina con. 4s at 105%; §15,000
Virginia fund, debt 2-3s of 1991 at 59% to 60%; §10,000 No.
Carolina special tax, Class 1, at 1%; §15,000 Virginia 6s defd.
trust receipts, stamped, at 4%, and $10,000 Tenn. settlement
3s at 84.
Tlie railway bond market has been unusually dull and
narrow. Except in a few cases the transactions have been
in small amounts and the aggregate trading during the week
has been limited. The Atchisons have been most active but
were so evidently at the expense of values. The Northern Pa­
cific, Reading and Oregon Improvement issues have all been
conspicuous for activity and strength. Mo. Kan. & Texas,
Chie. & No. Pacific, Texas & Pacific and Ches. & Ohio bonds
have each declined about one per cent. There has been some
activity also in St. Louis & S. F., Southern Ry., Burlington
& Quincy, Central of N. J,, C. C. C. & St. Louis, Mil. & St.
Paul, New York O. & W ., Ore. Short Line, Rio Grande "West­
ern, Spok. & Pal., Union Pac., Wabash and West Shore
bonds, with some fluctuations.
Railroad and Miscellaneous Stocks.—The stock market
has been somewhat irregular this week. It was decidedly
strong on Monday, owing chiefly to a more favorable senti­
ment in London and some buying for the foreign account,
but on Tuesday there was a disposition to take the profits
which had accrued, and the market yielded to the limited
offerings, and declined. On Wednesday the conditions were
unchanged. On Thursday and to-day the tone was firm un­
der the influence o f the prompt and decided action of the
House of Representatives at Washington on the Butler AntiBond bill and covering o f short contracts. The coal shares led
in a general upward movement which averaged for the
native -list about 1 point. The net changes for the week of
the granger and other leading shares, except the high-priced
coalers, which have advanced from 2% to 5 points, is in most
cases confined to fractions. Mo. Pacific declined on the re­
port of decreased earnings for the last week in May. Man­
hattan Elevated was conspicuously weak, selling at 101% on
Wednesday, but gained about 4 points on the prospect of
new extensions, and closes at 105, against 104 last week.
Small declines are the rule in the industrial list. Am.
Tobacco declined on liquidation reported to have been by
inside interests and based on dividend prospects. Bay State
Gas dropped 0 points on the veto of the Pipe Line bill by the
Governor o f Massachusetts. American Sugar has been rela­
tively steady around 123, closing at 124%. tJ. S. Leather pre­
ferred responded feebiy to the aotion o f the directors in de» daring a dividend of 1 per cent,

[Vol. Lxn,

THE CHRONICLE

1030

N E W Y O R K S T O C K E X C H A N G E — A C T I V E S T O C K S f o r w eek e n d in g J U N E 5 , a n d s in c e J A N . 1 , 1 8 9 6 .
Sales

H IGH EST AN D LOWEST PRICES.
Saturday,
May 30.

Monday,
June 1.

Tuesday,
June 2.

Wednesday,
June 3.

Thursday,
June 4.

Friday,
J une 5.

STOCKS.

0

Week,
Shares

Range fo r year 1896.
[ On basis o f zoo-share Lots. ]
Lowest.

Highest.

A c tiv e R K , S to ck s.
14% 14% A t.Top. <&S.Fe, allinstal. paid
7 ,7 4 3
14% 15
14% 14%
15% 153*
14% 14S*
12% Jan. 7 17% Feb. 24
21% 22
3 ,3 4 9
21% 21%
Do
pref.
2 1 % 22
221b 22%
19% Jam 7 28% Feb. 24
22% 233*
1,070
%
% A tlantic &. P a c ifio ...................
%
%
% Jam 7
*%
*=8
%
78 Feb. 6
*%
%
17% 17% Baltimore & Ohio.....................
1,590 13 Mar. ( 44 Jan. 27
18% 183*
17% 17%
17=8 18
17% 18
24% 2414 Brooklyn Rapid T ransit.........
830 20% Mar. 25 25% Apr. 23
24% 25
24% 24%
*24% 25
“23% 244]
62% 63); Canadian P a cillc.....................
*62% 63is
*62% 63% *61% 62% *62
63
62% Slay 27
50% 50 Canada Southern....................
1,655 45% Jan. 7 51% Feb. 10
50
50
50% 5 0 7t 50
5 0 1* 50
50
3,135 94% Jan. 7 109% Apr. 23
4 Central o f New Jersey............
n o 5 10G
104 105
104%-104% 103% 105% 105% 1 0 6 X
*14
15 Central Pacific
*14
15
15
*14
15
14% Jan. 9 1530 Feb. 15
*1414 15^ *14
16 Chesapeake & O hio.................
3,595 13 Jan. 7
16% 163?
15% 15% §16
16
16%
15% 15%
4C 155 Apr. 2 155 Apr. 2
..........
5158 158 * 1 5 7 % ......... * 1 5 7 % ......... * 1 5 7 % ......... * 1 5 7 % ......... Chicago & Alton
77% 77% Chicago Burlington & Quincy 27,904 71% Jan. 7 82% A pr, 24
77% 78%
77
77h
77% 7 7 7g 76 34 773*
*41
43 Chicago & Eastern I llin o is ...
*41
43
41
43
*41
43
*41
43
40% Apr. l c 43 Jam 18
159 98 Jam 23 100% Mar. 5
98
98
Do
pref.
*97
99
*97
99 *......... 99 *........ 99
76% 76% Chicago M ilwaukee & St. Paul 46,621 63% Jam 7 79% Apr. 28
76% 76%
7618 7 7
77
773*
75 % 76 ^
Do
pref.
656 125 Jan. 7 130% Mar. 2
§1 2 7 X4 12734 5127% 127% 127% 127% 127% 127is *128 128%
105% 105 Chicago & Northw estern.......
6,494 94% Jam 7 106% Apr. 23
10555s 106% 104% 105% 103% 104% 104% 105
14C
Do
pref.
149 149 *148 150 §149 149
§148 148
1 4 9 li A pr. 27
69% 70
9,981 62 Jam 7 74% Feb. 24
69% 70% Chicago R ock Island & Pacific
70
70%
69% 69 7t 69% 69^
42% 4 2 0 Chicago St. Paul Minn. & Om .
1,700 31% Jan. 7 455g Apr. 27
*43
44
4 1 7e 42%
42% 42%
43% 43%
123 123
1 0 0 117
Do
pref.
*124 125 *123% 125 *123 125 *122 124
Jam 7 124% Feb. 25
33% 33%
34
34 Cleve. Cincin. Chic. & St. L ...
2,165 31 Jan. 7 39% Feb. 10
33% 34%
33% 33%
33% 33%
*82
85
*82
85
Do
pref.
*82
85
*82
85
*82
85
85 Apr. 16 90% Feb. 20
850 15 Jan. 7 18=8 Jam 23
15% 15%
16
160 Columbus H ocking Val. &To]
§16
16
16% 16%
15
15%
*53
60
*53
60
I)o
pref.
50 53 M ay 22 55 M ay 22
*53
60
§55
55
*53
60
12434 125% 12534 126% 126% 127% Delaware & H udson...............
1,997 119% Jam 7 129% Feb. 11
*I24»4 12634 §125 125
165
166
1,542
161%
163
160 160 *160 ......... *161 .........
1557e Jam 7 166 June 5
250 12% Apr. 16 14 Feb. 4
13
13 D enver & R io G ran d e............
12% 12% *12% 13%
48
48%
2,950 40 Jam 7 51 Feb. 24
47% 48%
Ho
pref.
48
48
4734 47%
47
47%
541 14 Mar. 24 15 5s Mar. 12
14% E r ie ...........................
1430 145g * 1 4 3 0 1 5
14% 14% *14
*14
14%
35
586 34% June 4 41=4 Mar. 1 7
Do
1st pref.
§3 5 % 3 5 % 3 5 % 3 5 3 4 §3 3 % 3 3 % 3 4 % 3 4 % *34
11 20% May 1*1 25 Mar. 16
*20
23
§19% 20
Do
2d pref.
2 0 0 25
*29% 31
*30
31
30
30
*29% 31 Evansville & Terre H aute. ..
Jan. 15 34% Feb. 24
*29% 31
*118 124 *118 122 *118 122 *118 122 *118 122 Great Northern, p ref...............
108% Mar. 13 121 M ay 7
*93
96
*93
96 Illinois Central......................
*92% 94% *93
96
*93
96
89% Jan. £ 98 Jan. 31
300
8%
8%
*8
8% Iow a Central.............................
*8%
8%
*8%
8%
7% Jan. 7 10% Feb. 7
*8
8%
*32% 34
*32% 34
107 25 Jan. ( 38 A pr. 23
§32
32
’ 33
33
*32% 34
Ho
pref.
400 17% Apr. 11 22% Feb. 5
18
18% 18%
18% 18% Lake Erie & W estern..............
18% 18% *17% 1830 18
•
71
71 _ . Do
417 64% J an. 7 75 Feb. 7
70% 70%
711*3 7112 §71
71
71
pref.
71%
1,110 134% Jan. 7 151 June 5
150% 150% 150% 150% *149 ......... *149 152% 150% 151 Lake Shore & Mich. Southern.
•
300 79% M ay 2E 84 Jam 7
80%
*79
80% *79
80% *79
78
78% L ong Islan d ...........................
80% *79
49% 49%
49% 49% Louisville A N ash ville............ 25,632 3 9 78Jau. 7 55% Feb. 24
49% 49%
503s 50% 49% 50
*9
9%
*9
9% Louisv. New A lbany & Chic..
*9
9%
500
*9
9%
9
9
7=8 Jam 1 10% Feb. 18
*19
21
100 16% Jam 6 24% Feb. 13
21
21
*19
21
*20
22
*19
21
Ho
pref.
103% 105% Manhattan Elevated, consol
14,636 963r Jan. £ 113% Feb. 11
102% 103% 101% 10234 1 0 2% 10 3
103% 104
515 92 Jan. 6 109% M ay 25
108 108 *107% 108
105% 106 §106% 105% 106% 106% M etropolitan T raction..........
Mn.r 9.21 <V77a T?aV» 11
*95
98
100
*96% 98
*96
98
17
17
*17
18 Minneapolis & St. L ouis.........
17% 17% *17
200
19
*17% 19%
17 Jam 8 21% Feb. 21
*76
79
*76
79
Ho
1st pref.
*77
78% *77
78% *76
72 Jan. 1C 83 Feb. 21
80
*46% 48
*46% 48%
300 40 Jan. 7 53% Apr. 22
48
48
Do
2d pref.
*46% 48
*11% 11%
11% 11% *1 0 % 1 1 % *1 0 % 1 1 % * 1 0 % 1 1 % Missouri Kansas & T exas___
200 10% Jan. 6 1338 Feb. 21
2430 24% 24=4
24% 24%
24% 2 4 3 4
24% 2434 24
1,940 22 Jan. 7 31% Feb. 25
Ho
pref.
2438 24% 24
2430 24
22% 24
23% 24 Missouri P acific.....................
15.6S1 2078 Feb. 4 29% Apr. 24
24%
*19% 22
3 18% M ay 11 25 Jan. 11
§19
19
*19% 22% *19% 22% *19% 22 M obile & O hio...............
*68
85
"68
85
*68
85 Nasliv.Chattanooga&St.Louis
‘ 68
85
*68
85
New E ngland...................
43 Mar. 23 51% Jan. 28
a
90% 96% New Y ork Central & H udson.
1,607 93% Jan. 7 99% Feb. 10
9012 9612 96% 96% 96% 96% §9630 96%
*13
14
"12% 14
*12% 14 New York Chicago & St. Louis
*13
14
*12% 14
11 Jan. 2 15 Jan. 22
M
*76
79
*70
79
“70
80
Ho
I s t p r e f.
*76
79
*72
79
71% Jam 17 80 Jan. 22
*30
32% *30
*29
31%
30
30%
Ho
2d p ref.
350 26 Jan. 17 35% Apr. 13
*31
33
31
>
149 170 Apr. 30 186 Feb. 10
* 1 7 5 % ......... * 1 7 5 % ......... *176% ..
§178 178 §176 176 N e w lo r k N e w H aven & Hart.
h!
13% 14
14
14 New York Ontario & Western.
1,836 1238 Jan. 7 15% Jan. 31
14
14%
1 4 1 2 1 4 1 2 §14% 14%
8%
8%
*8%
9 New York Susq. & West., new.
265
8%
8%
1*8%
9%
7% Mar. 26 11% Jan. 31
§8%
8%
24
24
24
24
23% 24
§24% 2 4 1 2
Do
pref.
835
*23% 24
31% Feb. 6
*3 3 4
4%
100
*3 %
5%
*3%
5
*434
5 % Norf.& W estern,2d instaL pd.
t% Apr. 29 13 Feb. 21
*10
11
200 14% M ay 8 10=8 June 2
Do p ref.,tr.ctfs.2d ins.pd .
10=8 10=8 10=8 10=8 *1 0 % 1 1
47g 47g Nor. Pao., 1st instalm ’t paid.
2,260
4%
5
t% M ay 23
530 May 27
5%
5%
4%
5
4=8
5
Do pref., lstin sta l. paid
5,722 i 10 Apr. 16 117% Mar. 9
15% 1534 15% 15%
15% 1534 1550 15%
15% 15%
*14
20
*14
20
*14
20 Or.Ry & N av.Co. ree. asst. pd.
22
A pr. 14
*14
20
■
*14
20
tlO
Feb.
18
.........
O r.S .L .& U .N or.rec,lstins.pd
t3% Apr. 14 18% Feb. 24
•
Phila.&
Reading
ls
tin
s
t.
p
d.
1530
Jan.
31
10
10
9%
9%
li,3
5
8
t2%
Jan.
7
1 0 % 1012
9%
934
9%
9%
16% *15
16% Pittsburg Cum. Chic. & St. L .
*15
I 6 I2 §14% 14% *15
30 147s Jam 7 18% Feb. 7
16% *15
Ho
pref.
56% *53
56% *53
56%
52 Jan. 8 59 Feb. 27
*53
5612 *53
56% *53
*......... 15 *......... 15 *......... 15 *......... 15 *........ 15 Pittsburg & W estern, p re f... .
17 Jan. 15 20=8 Jam 31
16 Feb. 8 18% F eb. 10
*114% 116
91 114 Mar. 30 118 Jan. 3
§116 116 *114 116% §115% 115% Rom e W atertown & Ogdensb.
*56
60
St.
Louis
A
lt.
&
Terre
H
aute.
100
*56
60
57 Jam 29 60% Jan. 3
*56
60
1i58% 58%
*4%
4%
*4
434
§4%
4% St. Louis Southwestern..........
430
4 Jan. 7
*4%
4%
4%
4%
5% Feb. 7
*10
10% *10
§
1
0
1
0
*10%
1030
10%
Do
pref.
240
9 Jan. 6 13 Feb. 26
10% 10%
*23
25% *23
25% *23
25% *23
25% St. Paul & B ulu th.....................
25% *23
24 M ay 5 27% Feb. 24
*85
90
*85
90
§85
85
*85
90
Do
pref.
10 90 Feb. 4 91 Feb. 10
*85
90
75 110 Jan. 22 115 Jam 11
*112 117 *112 117 §111% 115 *112 117 *112 117 St. Paul Minn. & M an itoba ...
19
1933
18% 19
1,630 18% Mar. 24 22% Jan. 14
19
19%
18% 19%
19
193s Southern Pacifio C o.................
9%
9=8
2,622
8%
9%
8%
9
8%
8% Southern,voting trust, oertif.
7% Jam 8 11 Feb. 6
8%
9
28% 28%
29 % 2 9 12 28% 29%
6 ,7 7 7
23% Jam 7 33% Feb. 25
28
28%
283s 2 8 7s Do pref., votin g trust, cert.
8
8
7%
73t
7% Jan. 7
*8
8%
350
9% Feb. 25
8
8
*7=8
8% T exas & P acifio.........................
*32
37
*32
37
*32
37
*32
37
*32
37 Toledo & Ohio C entral............
35 M ay 6 35 M ay 6
*70
74
”70
74
*70
74
*70
74
Do
pref.
75 Apr. 6 75 A pr. 6
*70
74
7 %
7 %
7%
7%
2,420
3% Jan. 7 10 Apr. 21
7
7%
7
7%
7%
7% Union Pacific trust reoeip ts..
*3
3%
3
3
3
3 is
*3
3%
3
3 Union P acific D enver & G ulf.
700
3 J une 1
5% Feb. 13
*7
73s
*6%
7%
§6%
7%
7% Feb. 24
130
6% Jam 7
*6%
7%
6=8
6=8 W abash................. .....................
1712 17%
Ho
pref.
17
17%
16% 167e 16% 16%
16% 17%
6,167 14% Jan. 7 19% Feb. 24
9% 10%
9%
9%
9%
9%
9%
934
9% 10 W heeling & Lake E rie............ 10,789
S% Mar. 19 13% Feb. 1 *
*35
37% 35
34
35% * 3 4
3 7 % §34
Do
pref.
252 31% Mar. 19 40% Feb. 13
*34
37
*1 1 3
2
*1 %
2
*1 %
2
*1 %
2
*1%
2 Wise. Cen. Co., votin g tr. ctfs.
2% Apr. 2
4=8 Feb. 24
I T I I s c e lla iie o u s S t o c k s .
12
12
* n % 1 2 % 11% 11%
■
n % ii% - n % 1 2 1 American Cotton Oil C o.........
l,6SO 11% June 3 19 Jan. 27
5413 5412 5 4 % 55 1 54% 54%
a
54% 54% §55% 55%
Ho
pref.
1,155 5430 M ay 28 69 Feb. 11
123=8 124% 122% 123% 121% 1227s 1 2 1 75 122% 12230 124% 'A m erican Sugar Refining Co. l36,907 97 Jan. 7 126% A pr. 21
104 104
104 104% 10378 101
1,056 95 Jau. 6 L04% June 2
103% 10334 *1037b 10 4Uj
Do
pref.
65% 66%
65% 66%
63% 65% 63% 64%
6350 65% 'A m erican T obacco C o............ 40,757 62=8 MaF 8 95 A pr. 2
9 9 % 9 9 % *99
100
*99 100
9 9 % 9 9 % *98
100
Do
pref.
200 97% A pr. 23 103 Feb. 13
67% 68
67% 68
67% 677e 67% 68
68
68% Chicago Gas Co., certs, o f dep. 11,355 62 Jan. 7 70 34 M ay 4
157% 157% *154 156
155% 155% 155 155
154 154% Consolidated Gas C om p an y..
779 '43 Jan. 7 L64% Apr. 29
17% 18
17% 17=8* 16% 17%
16% 17
17
17% Dis.<&C.F.Co.,tr.cts.allms.pd.
14% Jan. 7 20% Apr. 23
9 ,9 7 5
34=8 34=8 33% 33%; 32% 33%
33% 33% 32 % 33% General E lectric C o.................
4,721 22 Jan. 6 39% Mar. 13
'6 0
70
........ 70
*65
68
*60
66
60% Mar. 27 75 A pr. 15
2430 24%
2 4 1 3 24%
24% 24%
24% 24% 24% 25 National Lead C o.....................
1,772 22% Mar. 7 28=a Apr. 21
* 8 8 1 2 9D4 *88% 90% *88% 90%
88% 88% §88% 89%
Do
pref.
248 82% J an. 7 92 M ay 4
*5%
5%
5%
5%
5
5
5
5
5%
5% North A m erican C o.................
3 ,4 3 7
4 Jan. 6
6% Feb. 24
26
26
2530 25%
25% 25%
25
25%
25% 25% 5acific M ail...............................
1,750 22% Jan. 7 31 Feb. 10
*105 ......... 106 ......... 106 ......... 106 ......... 108 .
■158 160
159 159
159% 159% 158 160
157 160
Pullman Palace Car Company
182 148 Jam 7 164 Feb. 11
68% 69
69
69%
69% 69%
69
69% Silver Bullion Certificates___ ,56,000 67=8 Jan. 8 70 Feb. 24
26% 27
25% 26%
25% 25%
25% 25%
25% 2 5 70 rennessee Coal Iron & R E ... 13,750 23 Jan. 7 34% Feb. 10
Do
pref.
*5%
5 % ’ *5%
5%
5%
5%
5%
5%
430 Mar. 24
638 Feb. 7
530
5%
5% J.S.Cord. Co. .tr.reo.all ins.pd.
"10% 11
*10
11
*10
10% *10
10% §10% 10%
Pref., tr. reo. all ins. pd.
15
8% Mar. 24 12=8 Feb. 7
*9
913!
9
9
9
9
8%
9
8%
8% United States Leather Co.......
2,780
8% June 5 11% Feb. 8
64% 65 j 63
64%
62% 63%
63% 64
64
64%
Do
pref. 19,167 56% Jan. 9 69% Feb. 14
21 % 21%. 2 2
2130 2 1 % 21% 22
22
21% 21% United States Rubber C o.......
921 21 M ay 29 29 Jan. 13
85% 85381 8450 85%
84% 84%
84% 84%
85
85% iVestern Union Telegraph----8,236 81% Jan. 22 8^ 3«A tm* *2
* These axe hid and ashed ;no sale made. § Less than 100 shares. 1 B efore paym ent o f any instalm ent. { E x-div. and sorip. 11Trust reots.

THE CHRONICLE

J c x b 6 , 1896.]
NEW

lObl

Y O R K S T O C K E X C H A N G E P R I C E S ( C o n t i n u e d )— I N A C T I V E S T O C K S .
J u n e 5.

I saotive S tocks .
» indicate* nullsted,

Ask.

Bill.

R a ilr o a d s to c k * .
Albany A Susquehanna......... P referred .............. ................

.l o o
.100
Boston & S. Y. A ir Line pref. .100
Brooklyn Elevated H............... 100
Sadaio Rochester A Pittsburg. 100
100
Sari, <'<ed»r Kapids * S ot ....... .100
Clev. Lorain A Wheel, p r e f.... 100
50
Oea Moines A Foi i Dodtre.......
100
Oalath Bo. Shore A A tla n tic 1i .100
100
Evansville a i'erre H. p r e f ... ..5 0
Flint A Pere Marquette............ .l o o
Preferred.................... ......... 100
.100
Indian it Illinois A Io w a --------- 10O
Kanawha A M ichigan..............
Keokuk A Dee Molnea.............
loO
100
Mexican Central........................ 100
Mexican National tr. o tfs ....... lo o
50
100
100
N. Y. Lack. A W e s te r n ........... 100
Peoria Decatur A Evansville

lo o

Rsnaaslaer A S aratoga............
Bio Grande Western p re f....... 100
Tol. St. L. A Kan. CityU........... lo o
Preferred rt
— . . ............ lo o

R ange (sa les) in 1896.

182
8
!23>»
2*«

Low est.

(% I n d i c a t e s a c t u a l s a l e s . j
J u n e 5.

I nactive Stocks .
f! Indl oates uuHst^d.

H ighest.

Bid.

fT I is c e lla n e o u s S t o c k s
Adams E xpress.......................... .100 147
American Bank Note Co ___
American E x press....................
111

175 Mar. lS3ia May
10 reb.
11 *4 Feb.
23 Hi June 29% Feb.
7 Feb.
7
7 Feb.
13 li* Jan. 131^ Jan.
102 104 102 May 102 May lin e r . Telegraph A Cable. . . . .100
__
....
Bay State GasTT.................... , 50
19
24
10 Jan.
25 May Brunswick Com pany................ .100
57
62
51 May
62 ^2 May
72
70 Mar. 70 Mar. Colorado Coal A Iron D evel.. .100
5 4 ij May Colorado Fuel A Ir o n .............. .100
51
53*2 41 Jan.
162 May
14K)
163
5 % J an.
9
9 June Columbus <fc Hocklusr C oal___ .100
:»>«
00
100
5'4
4 1* Apr.
0 J an. Consol. Coal o f M aryland____ .100
4%
9
12
10*4 Apr.
50
14H Feb.
50
45 Apr.
50 Feb. Edison E lec. m . o f N. Y .......... 100
40
15
13 Feb.
16 Feb. Edison Elec. 111. o f B rooklyn. 100
37 Mar. 43 Feb
40
Erie Telegraph A Telephone . 100
92 »* May
100
25 J an. Laclede G as................................
27H 25 Jan.
m,
8
6*8 May
8 Jan.
Preferred................................. .100
2S,
4
2 Jan.
3 't Mar. Maryland Coal, p re f................. .100
.100
13»4 15«» 15 Mar. 18 Feb.
TOO
9 Jan.
12 Feb. Minnesota Iron .......................... .100
% M ay
2b! Feb. National Linseed Oil C o.......... .100
1%
160 Apr. 1663t Feb.
100
100
....
100
115i* Jan. 120 Jan
1118
Oregon Im prov’ t Co. tr. reots. 100
09
72
70 May
70 May
50
15
100
*>
2>s Apr.
•2\
3 7s Feb.
P referred.......... .....................
4
2 Jan.
5 ^ Feb.
100
0
181 ^ May 182 Feb. |U. 8. Cordage,'guar., tr. eertfs.UK)
180
39 J « "
46 *t Feb. U. S. E xpress.............. ............ 100
5 Feb.
5
5 1* Apr. U. S. Rnbber preferred ............ 100
6
b
....
—
Wells. Farvo E x p r e s s .............. 100
11

• N o price F rid a y ; latest price tills week.

R a n g e (sa les) in 1896.

Ask.

Low est.

H ighest.

150

146

Jan.

1503* Apr.

i!5

110

Jan.

116

96
93
91 Jan.
12719 29 Sg lS^fl Feb.
^ Feb.

97
33

2
27^
100
I >9 2kl
150
32
35
lti
27

96

98

May
May
May

h Feb.

96k
4%
34*4
98
4%
I 1* Jan.
16 2 H
30 Mar. 32*6
13s May
233s Jan.

Feb
Jan.
Feb.
Feb.
Mar.
Apr.
May

89

Jan.

lo o ts Mai

59
35
18^
78

Apr.
Feb.
Jan.
Feb.

62 *s Jan.
35 Feb.
30 Apr
s e 1* Apr.

59^
88 *i 53
17
15
8
6
8
113V.I____
t^S
330
2
1>4
14
5
22
20
17
42
40
38
75
!8 1 *
97 i o i
97

Feb.
Jan.
Mar.

60 Feb.
72 Feb.
20** Jan.

59 ** 60
{23
78
40

23
83
60

68
15

8 7a Feb.
I k Jan.

June

Jan.
7 Feb.
Jan.
2 1 5s Feb.
Jan.
48 Apr.
89 Jan.
May
Jan. 101 Feb.

1 Actual sales.

N E W Y O R K S T O C K E X C H A N G E P R I C E S .— S T A T E BONDS J U N E 5 .
SECURITIES
d u . R. 5 a ____

Bid.

.........
Arkansas—6e, fttaMLHoL189P-1900
d o. Non>Holford

98

Specie.' Legate. Deposits.

#1.280.0

2,000.0 2,203.2
1.500.0 2,339,6
1,000,0 360.9

500.0
600.0

O ttu m 'i. . . . . . . . . . . . •
I0M
N****a.....................
750.0
Market A Fulton...
•ftoe A Leather...... 1,000.0
Corn Exchange..... 1,000,0
O oetfw «U l............. 1, 0 0 0 ,0
300,0,
Oriental ................
I a porters*'I revere* 1.500.0
F ork ....................... 2,1)00,0
250.0
Beet River..............
Fourth N ational... 3.200.0
Central National.... 2.000.0
300.0
Second National —
750.0
Ninth National......
500.0
First National........
Third National...... 1,000,0
300.0
N.Y. Nat- Exchang*
250.0
•aw err....................
200,0 ;
New York County..
750.0'
German \rnrrican
500.0
Chase National......
100 0
Filth A yu om ..........
200.0
German Exchange..
200,0
Mennenia .............. .
NftO
(Jolted state*.........
Lincoln.. . . . . . . ... .
300.0
200.0
Garfield.. ...............
200,0
Filth N ational......
300.0
Bank of the Mstrop.
200.0
West Bide...............
3«aboard .................
500 .0
200.0
Sixth National........
Western National.. 2,100,0
300.0
First Nak BrTtlyn..
500.0
ralhern National..
at. Union Bank.... 1,200.0
500.0
Liberty Nat. Bank.
N.Y. Prod. Kxcfe'g*. 1,000,0

S

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

8.687.0
15,215,8
4.140.0
3.329.0 26,197,6
2.239.2
83,9
7.338.1 22.639.3
4.002.3
174.7
1.646,4 5,943,9
1.399.7
215.4
827,6 2.340.0
1,060.6
179.2
519.5 2,931.3!
1.585.8
101.9
520.8 3.280.0
23.609,0
0,
2.411.1
9, 686!6
22,’207!6l
0
1,657,2!
5,445,7
0
992,81 6.963.7
488.8! 2,465,0
913,11 10,894,3
962,0 5.842.4
1.756.7
259,3
5,171,9
582,5
2.0S4.1! 15,787,7
354,9; 2.975,0
401.2 2.665.5
278,4 2.546,31
4.132,0!
837.1
88.71 3.187.6
1.145.6 7.550,0
247.6 4,852,3!
1.796.5!
408,0
5.707.7 20,050,0
3.231,1; 23.167,8!
A
»J,U 1.170.9;
..AIV,V
145.6
2,132,8 18,960,1
490,61 7.847.0
655,0, 6.177.0
366.2; 3.156.01
7,164.0! 22.517,2!
7,66».91
268,6
69.8! 1.400.7
571.7! 2.092,0;
426.5 2.874.3i
269.6 2.767.5
1.385.2 15.077.4'
1,086.2| 7.012,V
625,6; 2.638.1
651.61 2.859.1
616,8
6.055.91
6.108.2
003.2
3.992,3
608.0
1,762,8;
316.6
M&O
260,8
347.7

MU

918,o;
625,71
635,0
187.7
320.2

Compromise, 3-4-5 6 s . . . . . .1 9 1 2
3 s......................................... ...1 9 1 3

ib*4
6 s ..............................................1919 124
South C arolina—4 **e, 20-40.. 1933 106
6s. non-fund................. ....... 1988
*99»i
l

A *ok at New Y otX.. # 2.000,0 #2,027,* #11.630,0
M i a U ( U q C o ... ... . 3.050.0 2,096,0! 13,636,0
9.117.0
M erchant*'............ — a.oouro 1.001,1

firvtBf....... ................ .

.........

4.317.2
2,297.0!
4.807.0 1
1.804.0!

11,161,41

1,310,0'
1.139.3

1,010.0

1, 1*0.61
210.0
8,787,6'

191,31

3.273.3
843.2
695.4
230,9

l*0.U

120.7
213.)
274.7
74,7
618.0
834 .2
842.7'
586.6
433.fi
1.821,1
667.3
234.7
592.3
3.757.0
3 3 7 .0 1
564.8
208.2
350.9
421.4

1,518.5,
621,0;

149.5
3.877.0
4.342.3
118.3
1.649.2
273.01
911 .0
414.4
1.115.4,
1,310.8
159.7
465 .0
609.2

801.61

1.762.2

1,112,3,
273.3
681.0'
1,051.7
771.5
8 51 .2

218.7
902,11
236.0!
800.o!
206.0

419.6

5.138.0 1.080.0
1,737,3!
430.3
8.214.3
1.067.8
516.7
3.417.91

21.3
22,1;

#1,940,0 #11,060.0
3.410.0 15.540.0
1.572.8 10.124.1
962.0 ' 7.151.0
3.409.6 ! 17,100,2
886.0 3.889.0
3.890.0 33.600.1
1.751,9
200.2
4.180.4 22.017.0
54*.5
4.035.8
4.078.0
967 ,7
1.504.9
200.5
405.0
2.480.0
1, 002,8
108.0
2.467.3
600.6
201,6 , 1,890.8
2.005.9
049.1
4.285.0 17.840.0
3.242.0 10,275.4
4.847.5
093.3
1.442.9 6.940.7
3.089.3
591.6
1.122,9; 11.350.8
0.059,4
1.242.4
2.007.0
643.4
5.125.5
738.7,
2.218.0 19.482.0
2.973.0
512.4
3.440.0
630.2
3.003.3
444.5
4.337.1
976.9
478.8' 3.331.3
8,1:40.1
1.242.0
8 2 7 ,0[ 6.891.8
1,800,0
484.9,
3.059.0; 20.903.0
4 .4 4 1.9, 27.509.7
1.092.1
180.2
3.151,0; 18.701.1
0,898,0
2.408.0
0,449,0
1,167.0s
3.774.0
917.3
3,93 6 ,4 1 20,567,0
8.428.5
761.9
1.340.3
229.7
3.275.0
511.0
3.321.2
154.3
2.724.0
496.3
3.222.5 18.018.7
7,8t 3.3
925. P
3.180.4
635.1
4.114.0
610,0
5.857.9
970.0
0,001,2
813 .0
4.703.1
425.2
1.895.4
338.8
0,301.3
1.743.5
2.389.0
350.0
6.019.0
654.0
1.480.0
175.0
3.401,2 12.487.9
5 495.0
631.4
1.280,7
320.0
8.289.9
1.849.5
1.842.2
4396
204.0 2.373.4

.. 61.122,7 74,138.6 475.158.4 62.4Srt,0i 84.493 21498.874,1

Ask.

Bid

Tennessee—6s, o ld .........1892-1898
6s. new b o n d s ------.1892-8-1900

.....

Capital SurpCi Loans.

Fbenlx........ —......... |
City........ ...................] 1.000 ,0
750.0
Tr»«lMno6n'».........
Chemical ............. 1 300.0
600.0
MerctmcU* Kxch'ge
Gallatin National...! M W
300.0
Batchers it; Drovers'
400.0
Mechanic*'« Tr*d'«
Greenwich............... j 2 0 0 .0
600,0
Leather Menafec’r*
300.0
ttevealft National...
1.200.0
State of New York
American Exchange 5.000.
O o B M ro t.. . . . . . — 5.000.
Broadway............... 1.000.
1,000.0
M ercantile..........
422.7
P*- I
................
1.500.0
Hepablic............
450.0
Chatham... . . . . . . . . . .
200.0
People's.............—
700.0
North A m en oa......
H eaover.... . . . . . . . . . 1. 000,0

3E C 0K IT IE 8

Ask.

New bonds, JA-J........ 1092-1898

N ew Y o r k C it y B a n k S t a t e m e n t f o r th e w e e k e n d in g
M ay 29 . 1896.
We omit two cipher» (00) in all cases.
tiAN kit.
100* o m illed.)

Bid.

MiM-ouri—Fund............. 1894-1895
North Carolina—6«, o ld ............JAJ

_______...1 9 0 6

dtazuped 4 s ......... ....................
N »w eonol* 4 s................
1914

8ECCJRITIEB.

Ask.

do

824

84

80
6

61>a

4**s.................. 1913

Virginia funded debt. 2 -3 s ... 1991
Os, deferred t’st rec'ts. stamped

Newr Y o r k C it y , B o * to n a n d P h i l a d e l p h i a B a n k s :
Ba n k s.

Capital X
Surplus.

Loan*.

Specie.

S . ¥.•

«

$

$

133.950.0
133.950.0
" 16. 135.261.5
*' 23.. 135.201.5
** 30.. 135.201.5

M ay

2.

'* 9..

R on/

$

D epositsA O lrcT n. Clearing*

470,003.5 59.321.0 87,371.3
474.056,7 59,400,9 84,530,1
4 70,468 ,4100,114,31 82,902.0
473.400.4 01.511.5 84.420,3
475.150.4 02,450,0 84,493,2

100.094.0 8,420,0
8.805.0!
101.004.0 8,574,0'

M ay 10
23..
“
30..

09.351.8
09.351.8 100.727.0
09.351.8

M ay 10..
" 23..
* 30.

35.203.0 104.005.0
35.263.0 103,979,0!
35.203.0 103.911.01

P h iI n .•

L*q>xI*.

I

*

$

■

*

495,001,1
495.015,5
497.993,3
497.011,2
498,874,1

14,370,7
14,350,8
14,382,8
14,529,8
14,005,1

0,745,0 142,250.0
0 ,5 9 7 ,0 '1 4 1 ,8 8 3 .0
0,254,0 140.032.0

9,801.0
9.905.0
9,848.0

89.018.8

103.702.0 0,700,0
103.504.0 0.777,0
110 4,300,0, 6,835.0

01.412.0

29.817.0
30.132.0
30.941.0

812,728.0
583,048,2

502.941.5

535.807.6
419,161,4
89.810.0

70.007.8

09.815.7
51.095.8
• IT* om it tw o cipher* in all these figure*. + lucludlnu for Boston and Phtla

delphla the Item *' due to other banks."

X iR c e lla n e o t M a n d

U n lis t e d

ill Is c e lln nrouN R o n d s
Boston Un. Gas tr .certs., as
Oh. J o n .* 8. Yds.—Coi.t.g.,5a
CoL 0 . A I. Devel. gu. 5s.......
Colorado Fuel—Gen. 0s..........
Col. A H ook. Coal A l . - 0 s , g.
Cons,Gas O o..Chia—1st gu.oa
Consol. Coal con v. 0s___ . . . . .
D o t Gas oon. le t 5s.................
Edisca Eleo. 111. C o .—1st 5a .
Go
o f Bklyn., 1st 5s___
Eqult. G.-L,, N. Y., cons. a. 5s.
Equitable G. A F.—1st tts ..
Henderson Bridge—la t g. 0s.
Illinois Stool deb. 5a...............
Non-con v. deb 5a.........— .. .
Int. ron d . A lua. dob. 0 s .......
Manhat. Beach H . A L. g. 4s.

B onds :
M is c e l la n e o u s B o n d s .

83
95 b.
80 b
107 Ub.
•105 b.
]105 b.
' 97 b109 b

Metropol. Tel. A Tel. la t 5 a ..
Mloh.-Pentn. Car la t 5s. . . . .
Mutual Union Teleg.—0a g . .
N at. Starch M fg. la t 0a...........
N. Y .'A N . J Belep. gen. 5a..
Northweatern Telegraph—7a.
People’ s Gaa A 0 . l la t g . 0a.
Co., C h ic a g o .... S 'id g. 0a.
lat cons. g. 6a........................
Pleaa. Valley C o a l -l a t g. 0a.
Sunday Creek Coal lat g. 6a..
U . 8. Leather—8 . f. deb.,g.,0a
W estern Union Teleg. — i . . .
W h ee l.L .E .A P itt<» Coal la t 5a
U n lis t e d B o n d s .
A no. Spirit M fg.,lst,w lien isa
Comstock Tunnel—Ino. 4 a ..

107 b.
95

b.

lOO^h.
1 'o T b .
103 >nb.
99*sa.

a o o “* b.
Ill

b.

0 b

Not *.—M5 " Indicates price b id ; ' a** p n oe asked. * Latest price this week

B a n k S t o c k L i s t — L a test p ric e s th is w e e k .
B AN KB.

Chemical . . .
C ity ......... . .

11th W a rd ...
Fifth*.............
First...............
First N .t 8 . 1.

Gallatin .........

Bid.
315
109
240
230
130
128
450
300
4000
500
125
185
204
132
282
130
200
2900
250
2850
110
170
180
295

Ask.
325
170
240
110
305
4175
131
195
207
280
140
275

185
300

B A N K 8.

Bid.

Garfield..........
German A m . 112
German S r 1 300
a&rm&ri*.
380
Greenwich . 160
H anover....... 312
Hud. R iver.. 100
Ira. A Trad’ s’ 530
I r v in g ........... 13718
Leather M fs’ 160
Lincoln ........ 750
M anhattan.. 207
M a rk e t* Fill 200
M echanics'.. 185
M ’ oha* tfc T rs’ 125
Mercantile .. 105
Meroh »nts*.. 134
Meroh’ ts Ex 110
410
Mt. M orris.. 100
Nassau......... . 145
N. A m s’dam 190
N ew Y o r k ... 234
N .Y .C o ’ n ty . 000

A sk .

(* N o t lis t e d .)
BANKS.

Bid.

N Y .N at. Ex 100
Ninth ........... 112
. . . . . . 10th W ard.. 120
.......... N. A in or.' c* 130
. . . . . Orient a ; ___ 170
. . . . . . Pacific------- 178
. . . . . Park.............. 265
P eop le's___ 235
550
. . . . . Ph enix......... 107
Prod. E x , ' . . 110
Rep iih lie___ 140
Seaboard . . . 107 *8
....
. . . . Second......... 410
Seventh ___ 100
103
. . . . ShoeA L e’tli 95
100
Southern .. 110
Statoof N .Y . 105
138
Third ........... H»4
....
Tradesra’ n’ H 00
185
Union Sq.*
110
. . . . . . U nion........... 200
. . . . . Un’ d State* 175
W estern . .. 110
240
W est Side.. 275
625

....

A sk

__
115
......
135
190
....,
208
110
.....
......
475
...
97
120
n o 1*
105
95
..
205
110%

.....

THE CHRONICLE

1032

BO STON , P H IL A D E L P H IA .

AND

B A L T IM O R E

[V ol. LXII.

STOCK

EXCH AN GES.

s h a r e P r ic e s — n o t P e r C en t a m P r ic e s.

Active Stocks.
t Indicates unlisted.
Aten. T. & 8. Fei(Boston). 100
Atlantic & Pao.
“
100
Baltimore & Ohio (B ali.). 100
Balt. City Pass’ger “
25
Baltimore Traction "
25
B altim oreTrao’nTI (Phil.). 25
B o s to n * A lbany(Boston).100
Boston * Low ell
“
100
Boston & Maine
“
100
Oentral o f Mass.
“
100
Preferred
“
100
O Wo. Bur. & Quin. “
100
Olilo. Mil. & St. P. (Phil.).100
<7hoO. &G.vot.t.e. “
50
OH. 8t.B y.of Indli “
100
Fitchburg pref. . <Boston) .100
Lehigh V a lley .. (Phila.). 50
Maine Central (Boston). 100
M etropol’nTrao.11 (Phil)-100
M exican Cent’l (Boston). 100
N ew E n g la n d ....
“
100
P r e fe r ie d .........
“
100
Northern Oentral (Ball.). 50
Northern Paoiflo (Phila.)lOO
Preferred
"
100
Old Colony....... (B oston).100
P enn sylvania . .. ( Phila.). 50
Phil. & Beading, i
“
50
Philadelph, Trao.
“
50
Onion Paeifio. ..(Boston). 100
Onion T ra ctio n .. (Phila.). 50
m is c e lla n e o u s S to c k s .
Am.Sug’r Refln.U (Boston)----P referred.........
100
Bell T elephone..
25
Bost. & Montana.
25
Butte & B oston ..
25
Calumet & H ecla
—
Canton C o .......... (Balt.). 100
Consolidate'. Gas
“
100
Elec.Stor. Bat’ylf [Ph.Ua.). 100
Preferred IT
“
100
Erie Telephone .(Boston). 100
■General Electric.
“
100
P referred _____
“
100
Lamson 8 toreSer.
“
50
Lehi’h Coal&Nav. (Phila.) 50
N. E. Telephone <HasIona .100
Pa.Heat.L.&Powi'PAito.).......
Unit’d Gas Imp.1T
“
50
Welsbach L ight 1i
“
5
W est E nd L an d .. ( Boston)....

Inactive Stocks.

Saturday,
May 30.

Tuesday,
■Tune 2.

M onday,
June 1.
15%

15

%

*66% 68

M

5
k!

1478

*18% .
*18%

18%

212 %
*208
162%
* 10 %
*54
77%
78
78
76%
77% 77%

212 %
209
162%

18% 13%
18% 18%
212 % 212 %
209 209
163% 163%
’ ...............
11

o

14%

6%

6%

92%
33%

92%
33%

*9%

10

6

...

.........
77%
76%

6

W ednesday,
June 3.
11%

14%

14%

14%

......

%

18
18
18% 18%
........ 69
18% 18%
18% 18%
18% 18%
18% 18%
2 1 2 % 212 % 212 % 212 %
------- '208 209
208
162% 162%
’ .......... 163
10% 10 h * 10 % 11
*54 ........ *54 . . . .
77
77%
76% 77%
76% 76%
75% 76%
5%
5%
6
6
92% 92%
31
32

‘ 92% "92%
30% 32

107% 107% 105% 106
9%
9%
9%
9%

106 106
9%
9%

93
32%

93
33

Friday
June 5

Thursday,
June 4.

74% 74%
72%
69
.........
69
69
4%
5
‘ 4%
4%
5%
*5
5%
*15%
*15% 16
15% 16
15% 15%
177%
179 179 x l77% 177 % *1 7 7 % ___
52%
52% 52%
52% 52%
52% 52%
415i 6 4»i6
5%
5% 415i„ -5
70% 70%
70%
71% 71%
71% 71%
*7
7%
*7
*7
7%
*7%
7%
18
18% 18%
18% 18%
19
19%

75
69
5
16
177%
52%
4%
70%
7%
18%

14%

14%

*% 1

*17% 18%
*66
67
*18% 18%
*18
18%
'212 213
’208 209
162% 162%
* 10 %
12
*54
56
77% 78
76% 76%
5%
59
* 21 % ..........
92% 92%
32
32
‘ 134 137
*106%
10
10
42
40
76
72
‘ 68% 69
4%
4%
15% 15%
177% 177%
52% 52%
4% 413,.
70% 70%
*7
7%
18% 18%

Sales
o f the
Week,
Shares.

Range o f sales in 1896.
Lowest.

Highest.

12% Jan. 7 17% Feh. 2 4
% Feb. 24
•49 Apr. 7
35 13 Mar. 6 44% Jan. 27
70
Jan. 2
65 Fel), 26
300 16 Jan. 7 19% Apr. 16
895 15% Jan. 7 19 A pr. 17
8 6 204 Jau. 7 217 Jan. 28
5 202 Jan. 29 209 June l
100 162 Jau. 30 17 V Feb. 19
250 10 Mar. 3) 12% Mar. 10
53% Mar. 18 56 Feb. 28
5,389 72 Jau. 7 82% Apr. 24
9,900 64 Jan. 7 79% Feb. 24
4% Anr. 8 12% Jan. 2
535
21 Mar. 3 30 Jan. 2
148 89 Jan. 20 97 Feb. 10
1,960 30% June 4 38% Jan. 30
133% Apr. If 136% Jan. 3
900 94% Jan. 7 109% M ay 25
505
8 7e Jan. 6 12% Feb. 24
40 May 28 51 Jan. 28
62 72% June 4 85 Jan. 28
72 67% Jan. 16 70 Feb. 14
2,350
% May 25 15% M ay 28
132 . 9% Apr. 17 17% Mar. 9
54 175% Jan. 6 179 May 8
1,268 50% Jan. 7 54% Apr. 23
l% J a n . 10 77i«J a n . 30
9,360
2,118 62 Jau. 8 72% May 5
3 Jan. 23 10 Apr. 21
10,033 10 Jan. 8 20 May 18
1,375

126% A pr.
122% 123% 122 122% 121% 122 % 122% 124% 10,538 97% Jau.
104% June
103% 104
626 95 Jau.
101% 104% 104% 104% 103% 104
207 Mar.
374 197 Jan.
205 206
206 206% 206 206
203% 207
88% M ay
8,175 65 Jan.
86% 87%
87% 87%
87% 88%
87% 88
13% Jan.
1% Mar.
390
2%
2%
* 2 % -----2%
2%
*2 % . . . .
311
M ay
42
295
Jan.
309
303
*306
310
310 310
*305 . . . .
*60
65
66
Apr.
55%
Jan.
20
220
63%
63%
63%
63%
63% 63%
63% 63%
63% 63%
4.877 24 Jan. 7 36% A pr.
23% 28%
30
32%
29% 29%
26% 28
32% 32%
38
A
pr.
25
Jan.
7
720
29
32% 32%
30% 30%
28
28
29%
*59% 60
68 53% Apr. 11 63 Jan.
59% 60
60
60
*59% 60
‘ 59% 60%
39%
Mar.
102
22% Jan. 6
32% 32% *32% 33
32% 33
‘ 34
34%
134 50 Jan. 8 78 A pr.
74
74
*72
75
74
74
' ......... 75
72% 72%
225 18 Jan. 7 21 M ay
21
20
21
...... 21
21
...... 21 *201* 21
476 39% M ay 25 46% Feb.
40%
41% 41% *40i* 411*
40% 40%
40
40% *40
92
8 87% Jau. 23 91 M ay
91
*91
*91 ........ *91
*91 . . .
91
3,712
141*
9 Jan. 7 15% M ay
14
14% 14%
14% 14%
14% 14%
14% 14%
623 66 Mar. 2 81% Jau.
70 %| ..................
70
70
70
70
7114
657 46 Jan. 8 67 Feb.
49i* 49 »*
50% 50 %l 49
51% 51%
50
i 2% Feb.
* 1%
2
1......
2
‘ 1% 1%*...... 2
It Trust reoei pts, $2% pd. ! Trust re o .ls t iustal Ipaid.
* Bid and asked prioes: no sale was made.
123%
103%
206
87%
2%
310

Bid.

124
104%
206%
87%
2%
310

Ask. |

Inactive stocks.

Bid.

Ask.

E
70
Boston U nited Gas, 2d m . 5 s.. 1939 5 69
L1 7
96 Burl.&
I
M o. B iv e r E x e n p t 6s, J&J $116
265
L08
N on-exem pt 6s....... ..1 9 1 8 , J&J $107
Plain 4 s.......................... 1910, J&J § 98% LOO
2% cOhio. Burl. & N or. 1st 5,1926, A&O §102% L03
“
50
Oatawissa.................
1%
99
52
1st p referred ...........
“
50
2d m ort. 6 s............ ...1 9 1 8 , J&D § 97
99
Oentral Ohio................. (Balt.) 50
Debenture 6s.............. 1896, J&D § 9 7
Chic. Burl. & Quinoy 4 h .19 22, F&A § 9 3 % 95
6
7 C
Ckioago & West M ich. (Boston). 100
98
C onnecticut & P a ss..
“
100 141 142
Iow a D ivision 4 s....... 1919, A&O § 97
55
Connecticut R iver___
“
100 240 250 C
Chic.&W.Mioh. gen. 5s, 1921, J&D § 50
24 2478 Consol,
C
Consol. T ra ct o f N.J.1J (Phila.). 100
o f Verm ont, 5 s .1913, J&J § 52i* 53%
...... cCurrent R iver, 1st, 5 s ..1927, A&O 9 65 70
D elaware& BoundBr.
“
100
11
13 IDet. Lans. & N or’n M. 7s. 1907, J&J * 62 65
Flint & Peru M a r q ... (Boston). 100
42 Eastern
I
P referred.................
“
1“
37
1st m ort 6 g .l9 0 6 ,M & 8 .. 5119% 121
___ 531* 1
H estonville Passeng. (Phila.).
iT ee.E lk.& M .V .,1st, 68.1933, end. §128 130
_____ 65
Preferred IT............
“
Unstamped, 1st, 6s, 1933............ 5127 127%
1 C.& Spring.,1st,5g.,1925, A&O § 70 72
•Hunt. & Broad T o p ...
“
28 30 K.C.
Prdforrcd
^
52% 52% K
] C. F .8 .& M . eon. 6s, 1928, M&N 5 90
93
Kan. C’yF hS . & Mem.(Boston). 1
5
10 iK.C. Mem. & Bir., le t, 2s, 1927, M&8 i 55 60
§121J&J121%
Preferred......... ........
“
1
35 45 K
] .
C. St. Jo. & C. B „ 7 s ..1907,
63% 63% L.
94
Little Sohuylkill......... (Phila.).
: R ock & F t B., 1st, 7 s. .1905, J&J 5 85
Mine Hill & S.H aven
“
68H 70 Louis.,Ev.&St.L.,1st,6g.l926,A & O §100 104
......... 55
N esquehoningV al. . .
“
87
2m ., 5—6 g ....... .........1936, A&O } 83
......... ......... I
§106 108
Worth Amerioan C o ..
“
1
Worth Pennsylvania.
“
85
§ 68
69
Or.Sh.Linelst asst.pdfBoslon) .1
18
19
6i*
7
’
.........
Pennsylvania & N. W. (Phila.).
8
9
Philadet & E r i e ......
“
16 20 N. Y . & N.Eng,,
*119% 1 2 0
2
*112%
113
2%
5 92
Preferred.
' 70
94
71
§......... 15
8 7s
9%
Preferred...................
“ 1
§100 102
28% 28%
West E nd....... ........(B o sto n ).
71% 72 | 2d, 5s............................18 9 8 ,F&A § 88 90
P referred....................
“
1 90 91 1
>
.........
United Cos. o f N. J .. (Phila.). 1
AtlanBtPon^tTlsth^ ?| !ll,9H!
240
103
West J e r s e y ..............
“
55 58 Buffalo Ry. oon. 1st, 5 s .........
.........
We 81 J ersev & A tlan.
“
1111*
rissa, M .,7 s _____1900,
Western N.Y. & Penn
“
1
2
2%
Okla. & Gulf, prior lie]
107
Wisconsin C entral. ..(Boston).l V 1% 1 % Citizens’ St,Ry.of Ind.,oon.5s
79
80
P referred ....................
“
l 5 ......... 15 Columb. St. R y „ 1st, oon. 5s.
.........
Worc’8t.Nash.&Rooh.
“
1 5 112 118
.........
M ISCELLAN EO US.
83% 84
Allouez Min’g, asstpd (Boston). 5
1
%
123%
Atlantie M in in g ......
“
5 20 20%
108 109
Bay State Gas ? _______
“
74% 7438
0 13% 13%
Boston Land..................
“
)
3% 4%
120
Centennial M in in g ...
“
) -10 •25
, 110%
Fort Wayne Elect.IT..
“
5
1
2
' 105%
Franklin M in in g .....
“
b 11
1101*
11%
Frenohm’n’ sB ay L’ d .
“
1
5
%
102
Illinois Steel.............
“
3 > 65
General m ort. 4% s, g ,1 9 2 4 ,Q 67
Kearsarge Mining___
“
5 13
13% .ehigh V al.Coal 1st 5s.g. 1933. J<S
99
98
Osceola M in in g .......
«
5 28% 29
Lehi]
104
Pullman Palaoe Car.
“
3 0 159 160
134
0 ......... 24%
Preferred IT.........
“
" i 0 ...... 50%
103% 101
Qulnoy Mining...(Boston).
5 119 120
102 1........
Tamarack Mining___
“
5 81
83
1 ......... 123
Water P ow er..........
“
3. 3
1
Paterson Railway, consol. 6s.
1%
Westlngk. Eleo. & M ..
“
3 29
30
r 129
Pref., cum ulative..
0 52% 52%
Consol. 6s , 0
.....
r 120 122
Consol. 5s, r ............ .
At..?opnii.FHSo-yr!lg.,1989, J&JJ 78
78%|
.........
3 25
25%l
123
B iaton United Gas 1st 5s..
87 | Con. 5s................
\ ......... i o j i *
Prioe includes overdue ooupous,
IT Uulisted.
Aud accrued interest.

Prices of June 5.
Atlanta & Charlotte (Balt.). 100 93
Boston A Providenoe (Boston). 100 263
Camden & Atlantic pf. (Phila.). 50

21
1
30
25
31
22
2
15
16
31
13
14
6
8
28
18
2
17
14

Bid. A sk.

Bond*.

94% 94%
103
117% 118
104%
Gen. m ort., 4 g ........... 1920, A&O
79%
79
] ’hila & Read, new 4 g „ 1958, J&J
27%
28%
1st pref. inoom e, 5 g, 1958, Fob 1
15% 16%
2d pref. inoom e, 5 g , 1958, Feb. 1
1
2
%
13%
3d pref. inoom e, 5 g , 19 58,Feb. 1
121
2d, 5 s . . . ................................. 1933,A&O
129
Consol, m ort. 7 s..........1911, J&D
Consol, m ort. 6 g ......... 1911, J&D
Im provem entM . 6 g ., 1897, A&O 103 103%
C on.M .,5 g.,stam ped,19 22,M&N 101
Terminal 5s, g .........1941, Q.—F. 107 107%

:

..1 930

111%
1 0 l 78 102
103 105
100

120%
90
112%
108
E xten. & impt. 6 s . . . .1901, M&8 104
No. Balt. D iv., 5s....... 1942, J&D 106%
Baltimore & Ohio 4 g., 1935, A&O 102
Pitts. & Conn., 5 g ....l9 2 5 , F&A
Staten Island, 2d, 5 g.19 26, J&J
Jal.&Ohio S .W .,lst,4% g.l99 0, J&J 102
72%
3apeF.&Yad.,8er.A.,6g.l916, J&D
Series B., 6 g . . . . . . . . . . 1916, J&D
45
Series C., 6 g .......... ...1 9 1 6 , J&D
99
109
Cent. Pass., 1st 5 s .....1 9 3 2 , M&N
109
105%
111
82%
Ga.Car. & Nor. 1st 5 g ..l9 2 9 , J&J
Georgia Pao., 1st 5-6S...1922, J&J 112

121

92
112%
109
104%
107

......
50
109%
109%
112
83%

110

6 s...................
1904, J&J
Series A , 5 s . . . . . . .........1926, J&J
4 % s ...............................1925, A&O
P ied m .& C am .,lst, 5 g . 1911, F&A
Pitts. & Connells. 1st 7 s .1898, J&J
Southern, 1st 5 s___ _ ....1 9 9 4 , J&J
Virginia M id., 1st 6 s . . . 1906, M&8
2d Series, 6 s .. . . . . . . . . . 1 9 1 1 M&S
3d Series, 6 s................ 1916, M&8
4th Series, 3-4-5s....... 1921, M&S
5th Series, 5 s . . . . ........1926, M&S
West V a C. & P . 1st, 6 g .1911, J&J
West’LN.C. Consol. 6 g.19 14, J&J
Wilm, Col. & A ug., 6 s ..1910, J&D

114
113
109

101

105% 106
1
92% 93
113
115 117
112
91
100% ]103
108% T 08%
112

112

M ISCELLAN EO US.

Baltimore Water 5 s . . .1916, M&N
Fnnding 5 s . . . . . .... ..1 9 1 6 , M&N
E xchange 3 % s.............1930, J&J
Virginia (State) 3 s ,n e w .l9 3 2 , J&J
Funded debt, 2-3s........1991, J&J
Chesapease Gas 6 s .....1 9 0 0 , J&D
Consol. Gas, 6 s .. . . . . . . . . 1 9 1 0 , J&D
5 s . . . . . . . . . . . . m . . . . 1 9 3 9 , J&J
Equitable G a s ,6 s — .,1 9 1 3 .A&O

120
105%
70
59%
103
115%
105

106
72%
59%
103%
116
105%

THE CHRONICLE.

J une 6, 1896.J

1033

N E W Y O R K STOCK. E X C H A N G E P R I C E S ( C o a t l n a e < l ) - A C 7 7 F £ BONDS JU N E 5 AN D FO R Y E A R 1 8 9 6 .
R a il r o a d a n d
M is c e l l a n e o u s B o n d s .

1 In fst Ctof in3 Range (tales) in 1696
Period j ulle g
Lowest.
Highest.

Amer. Cotton Oil, deb., 8 g -1900 Q—1
Ann A rbor.—1st, 4s, g ...... 1995: %—J
A t.T . A S.F .—New g e n 4 s .1995 A A O
Adjustment l a ..................1995 Not .
CoL Midland—C o n s.,4 g .1940 F A A
A t L A Pac.—Goar. 4 s....... 1937 .........
B 'w a y & 7 th A v .-lit.co n .g .5 s’43 J & D
Brooklyn Kiev. 1st, 6 g ---- 1924 A A O
Union Elevated.—6g-----1937 M A N|
B ’kly n Whrf A W. H—1st ,5a,g.' 45 j I A A
Canada Soutbern.—Ist,5 s,l9 0 8 ;J A J
2d, 5 s................................. 1913 M A 8
Central o f N. J .—Cons.,7s,lS99, Q—J
.............1902
...
~
MA
— N
Consol.,
U U U B V l . , 7a..........
I .............................................
General m ortgage. 5 g 1987 J A J
1
». ue.
1000!
Leh.
A
W. d
B.,con.,78,as'd.
1900: O—M
Q—M
**
m ortgages*. 19121M A N
Am. Book A Im p., o s — 1921 J & J
Central P aolflo.-G old, 69.1898 J A J
Cbe*. A O h lo.-S e r. A , 6 g ..l9 0 8 A A O
M ortgage, 6 g . . ___ ......1 9 1 1 A A O
1st consol!, 5 g .................. 1939 M A N
General 4 % 9 ,g .................1992 M A 8
R .A A .D 1V ., lste o n ., 4g,19S9 J A J
*•
2 d o o n .,4 g ..l9 8 9 J A J

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

M. K. & Texas.—1st, 4s, g .1990 J A D
82% | 80 J a n
87 Feb.
2d, 4s, g ............................. 1990|F A A
63% Feb.
57%b. 53% J a n
88 b. 89 May
Mo. Pac.—1st, oon., 6g....... 1 9 2 0 *M A N
97 J a n
3d, 7s..................................1906 M A N ■106 b.|106 M ay 112 J a n
!l01 Feb. 103 June
Pac. o f Mo.—1st, ex., 4g. 1938 F A A 103
2d ext. 5s...................... 1938 J A J 108 a.ilOo May 106 Apr.
St, L .A Ir.M t.ls te x t., Ss.1897 F A A 101%b. ;100 Feb. 102% J a n
Wl 103% Apr.
2d, 7 g .............................1897 M A N 100% b.; 100 Jan.
98 b. ,100% Feb. 102% M ay
CalroArk. A T exas, 7 g .l8 9 7 J A D
G e m R 'y A la n d g r .,5 g .l9 3 1 ;A A O 78%b. 77 Apr.
51% Man
M obile A Ohio—N e w 6 g ___1927|J A D ■117 b. 1 1 7 J a n 120% Slay
General m ortgage, 4s. ..1938|M A S 66
j 62% J a n
68% Feb
Nash. Ch. A 8L L .—1st, 7 s ..1913 J A J 13 1% b.jl27 Feb. 131% June
ConsoL, 5g ........................ 1 9 2 8 :A A O 100
99 Apr. 102 Feb
N. Y .Centrsu—Debtext.43.1905|M A N 101% 100% J a n 103% A pr
1st, coupon, 7 s.................1903:J A J 120 b .j ll8 J a n 120% Mar,
D ebem .os, coup., 1884..1904;M A 8 107%b.!105% Mar. 109 Feb
N. Y. A Harlem, 7s, re g ..1900:^1 A N lll% b .J 111% M ay 111% June1116 Apr. 119% Feb.
R.W. A Ogd., oonsols, Ss.1922 A A 0 117
1 West Shore, guar., 4 s___236l|J & J 106% 104 Jan. 106% F eb.,
:102 Jan. 105 Feb.
N. Y. Chic. A 8 L L .— 4 g ...l9 3 7 | A A O 104
N. Y. Lack. A W .—1st, 6 s ..1921 £ A J 133%b.|l29 J a n 133% Feb
Construction, 5s..............1 9 2 3 |F A A 115 b. 112% Mar. 114 M ay
N. Y.L.E.AW.—lst,oon..7g. 1 9 2 0 M A 8 140 a. ,135 Jan. 140 Feb.
Long D ock, consol., 6 g . l 9 3 5 :A A O 132 a. 131% Apr. 131% Apr.
N.Y. N. H. A H.—Com deb. ctfs iA A 0 132%b.l 131 May 137 Feb.
88 a. I 87% M ay
93% Feb.
N Y. Ont. A W.—Ref. 4s, g.1992 M A 8
Consol., 1st, os, g .........7.1939 J A D 107%b. 107 Jan. 110 F elx
98
96 Apr. 100 J a n
N.Y.Sus.A W .lstref.,59, g.1937 J A J
Midland o f N. J., 6s, g ... 1 9 1 0 :A A O 116 b. 113% May 118 Mar.
67 Feb.
Norf.A W.—100-year, 5s,g. 1990 J A J *t65 a. 60 J a n
117% 113% J a n 118 Mar.
No. Paclflo—1st, coup. 6g. 1921 J A
D o. J. P. M. A Co. c e rtfs....... -■
114 June 114% June
100 Jan. 115% May
General, 2d, coup., 6 g . . l 9 3 3 ;A A O
82% Mar.
64 J a n
General, 3d, coup., 6 g ..l9 3 7 J A D
ConsoL mortgage, i g ,..1 9 8 9 'J . A D
31% J a n I 51% Apr.
94 Apr.
76% J a n
CoL trust gold notes. 6s. 1398 M A N
f 37 J a n t48% Apr.
Chlo. & N. P a n , 1st, 5 g ..1940 A A O
136 Mar. 144% Feb.
Seat. L. 8. A E ., 1st.,gu.6.1931 F A A
36% 126 J a n 139% A pr
No. P an A Mont.—6 g ........ 1 9 3 8 31 A 8
No. Paclflo Ter. Co—6 g __ 1938,4 A J 1 0 8 %a . ! 1 0 0 J a n 109 J une
Ohio A Miss.—Corns.!., 7s. 1898 4 A J 104 %b. 103 J a n 104% M ay
94% Feb.
Ohio Southern—1st, 6 g .,.1 9 2 1 J A D ‘ 87%b.i 87% J a n
•General mortgage, 4 g . . 1921 31 A N|‘ t3 0 a. 25 J a n
35 Feb.
|Oregon I mpr. Co.—Is t6 g ,.1 9 1 0 J A D 83%
80% Mar. 917s J a n
ConsoL, 5 g ..................... 1 9 3 9 A A O l 17% 116 June 36 J a n
! Ore.R.ANav. Co.—1st, 6 g .l9 0 9 J A J 111 b. 105 J a n 111% Apr.
Consol., 5 g ....................... 1925 J A D 1*t92% b.;t90 J a n t98 Feb.
113% Juue
Peun. Co. -4%g. co u p ....... 1921 I A J ............. 108% J a n
P.C.C.&St.L.,oon. gul% .1942 ........... ............ 105% Jan. 112% Feb
Peo. Dec. A E vansv.—0 g.1920 J A J *101%b. 101 Mar. 102 Mar
Evans. Division, 6 g ....... 1 9 2 0 31 A 8! ............... 101 Mar. 101 M ar
2 d m o r t a g e ,5 g ................ 1 9 2 6 31 A N ‘ l 25 a. 20 Mar. 31 Feb.
180% Apr.
Phlla. A Read.—Gen., 4 g . . 1958 J A j' ♦ 7 9 4
171%
(36% J a n
18%
l i t p f.ln o .,5 g, 1st lust p<L’ 5 8 :....... .. t 28
122% Jan.
2d pt.lno., 5 g., 1st Inst pd.'38 .......... t 15%b.
5%
120 J a n
t 12 %b.
3%
3 d p f.in o.,5 g., 1st lust pd.’ 5 8 1......
75%
65 3iar. 77 J a n
Pittsburg A Western— 1 g.1917 J A j
76%
77% Feb.
70 Jan.
Rio Gr. western—ls t 4 g .,1 9 3 9 J A J
40 Fob. •51 Jan
St. Jo. A Gr. island—6 g .1 9 2 5 M A N f 4-4
8t. L. A S a u F r.—6 g, CL B . 1900 M A N 115% 111\ J a n 117% Apr.
N 115 b. 112 J a n 118 Apr,
6 g ., Class C...................... 1 9 0 6 31 A N
10 14 Jan. 113 M ay
General m ortgage, 0 g .,19 31 J A J 113
O -124 a. 23 May
38 Mar.
Cons. guar. 4s, g .............1990 A A O
76 Feb
St. L. A So. W.—1st, Is, g. 1980 M A NN 70 %a. 70 J a n
32 Feb.
2d, 4s, g., lnoorne............ 1980 J A J.1 * 26 b. 2 4 4 J a n
St.P.M .AM .—D ak.E x.,6g,1910,M A N 11 64b. 119 3Iar. 121% Man
ls to o n s o l.,0 g . . . ........... 1933 J A JJ 122 b. 117 J a n 124 Apr.
“
reiuuoed t o 4% g .. J A J 105 b.| 101% J a n 105% Man.
84%
84% June 89 Feb.
Montana extension, 4 g . 1937; J A D
59 Feb.
57 b. 51% J a n
8 an.Aut.A A. P.—lst,4g.,gu.'43|J A J
97 Apr.
Jan
8 0 . Car. A G a . - l s t , 5 g ... 1919 31 A N ’ 95 %a. 93
97 Feb.
96%
94 Feb.
8 0 . P a o it to ,A r lj.-6 g ...l9 0 9 10|J A J
So. Paclflo, CaL — 6 g ... 1905-12 A A O 111 b.|107 Apr. 111 Feb.
92
90% Mar. 92% Apr.
1st oonsol., gold, 5 g .......1937 A A O
So. Paclflo, N. M.—6 g ....... 1911|J A J 105 b .il0 1 % J a n 106 Feb.
94% M ay
Southern—1st oons. g, 5s. 199i|J A J 92% , 87% J a n
E. Tenn. reorg Uen 4-5s. 1938 M A 8 91 b, 90 Mar. 93% Feb.
E .T . V. A G .—1st,7 g ,...1 9 0 o lJ A J I l l b.1107 J a n I l l June
Con. 5 g ......................... 1956;M A N 107 b.|l05 J a n 109% Apr.
Georgia Pac. Ist5-6s, g . , 1922 J A J 114 a. 110 J a n 114 J a n
K noxv. A Ohio lst8 s,g ,.1 9 2 5 ;J A J 115% 113 Feb. 116 May
RioU. A D anv. o o n 6s, g,.1915|J A J 120% 115 J a n 120% May
W esL N o.C arlstoon6s,g 1914 J A J 113 b. 112% Feb. 114 Apr.
93 Feh.
T en n 0 . 1. A R y—T e n D .Ist, 6g A A O 90 a. 89 J a n
95 Feb.
Birmingham D lv., 0 g . . . 1917; J A J 9 i% a . 89 J a n
91 Apr
Texas A Paclflo—1st, S g .. 2000 J A D
84%
81 J a n
24% Feb.
2d, lnoorne, 5 g ................2000lMaroh
20
18 J a n
Toledo A Ohio Cent.—5 g ..l9 3 5 !J A J 109%b. 105% J a n 109 Feb.
77 Feb.
T ol-S t-L ASCanC.—6 g ...l9 1 0 !J A D t 74 a. t71 J a n
Union P a o lflo -6 g ..............1898!J A J 104%
102 Feb. 107 M ay
97% Feb.
Ext. sinking fund, 8.......1899|M A S 90 b. 90 J a n
54% Feb.
Collateral trust, 4%.......19 18|M A N *t54 a. 148 M ay
98 J a n
Gold 6s, 0 0 L trust notes. 18 9 l!F A A 98 a. 91 % 3Iay
K a n P a o .-D e n .D lv .,6 g .l8 9 9 M A N l l l % b . 106 J a n 111 A pr
77% Feb.
ls t c o n s o L ,0 g ............. 1 9 19M A N *t70 b. 68% M ay
Oregon Short Line—6 g.1922 F A A t l i l %
1100 J a n 115 A pr |
170
Feb.
Or.S.L.AUt'liN.—C on.5gl919|A A 0 t 65% 151 J a n
40% A pr
U .P .D en .A G u lf,con ,5 g .l9 3 9 !J A D
38 a. 31% J a n
t36%
Feb.
U. 8. Cord.—lB t o o L ,6 g ...l9 2 4 ;J A J t 29
128% Apr.
Virginia3II(L—Gen.3L, 5s.l936;M A N 101 b. 97 J a n 105 Apr,
109
A pr,
Wabash—1st, 5 g ............... 1939|M A N 105%
102% J a n
77% Feb.
2d m ortgage, 5 g ..............1939,F A A 74
69 J a n
108%
M ay
W estN . Y. A Pa.—1st, 5 g .l9 3 7 J A J 107 b. 105% J a n
49% Feb.
G e n 2-3-ls, gold ............ 1943 A A O * 44 h. 43% Apr.
103
F e b ,;
West.Un.TeL—Clol.tr. 5 s.. 1938|J A J 107%b.|105 Feb.
Wlso. Cent. Co. 1st 5 g .......1937 J A J t 36% It 35% June t46 Feb
• Latest p rloe this week.
I Trust reoelpte.
made up from actual sales only.

109%b. 107% May 111% Jan.
0
71 _a. 066
Jan. 1 -p
72 Feb.
79%
72% Jan.
81% Feb.
40% 1 40 May
51% Feb.
t21% b. t20 Jan. )2 7 Feb.
48 a. 40 Mar. 50 A pr
115 b. 111% Jam 117% May
82 b. 83% Jnne 102 Jan.
! 82% May 100% Jan
83
100%a. 97 Feb. 101 M ay
110% 106 Jan. 110 Apr,
104%b. 103% Mar. 107 Feb.
103 %b. 107% A pr. 110% Mar.
116%b.
Feb. 120 Apr.•
B 115%
a
«
119 b. 112% Jam 119% F eb.
10:lioh
103
Mar.
106 Foh
103 %b. 103
Feb.
90 b. 90 Apr.
92% Mar.
114%b.
111%
Jan.
114% Mar.
...............
103 b. 99% Jan. 104 May
U C-sb. 115% Apr. 117% May
117 b. 114% Apr. 117% Mar.
107% ,104% Jan. 111% Apr.
68% Jan.
737
-----78% Feb.
96%b. 91% Jan.
97% May
83 b. 82 Feb.
85% Feb.
E liz. L e x .A B l g .9 a n .,5 g .1 90 2 M A 8| 100 ‘b. 98 Jan. 102% Feb.
Chla. Burl. A Q.—Con. 78.1903 J A J 119% 115% Jan. 119% Apr.
98 %b. 97 Apr. 101% Apr.
Debenture, 5s................... 1913 M A N
Convertible 5s..................19C3 M A 8 101 b. 99% Mar. 104% Feb.
95 b. 93% Mar. 95% May
D enver D ivision 4 s .........1922 F A A
H I%a. 87 % J a n
91% Feb.
Nebraska Extension, 4.1.1927 M A N
Han. A 8 t. J09.-C ons.6s.1911 M A S m s s b . 115
15 Apr. 118% J a n
Chic. A E. 111.—1st, s. f. 69.1907 J A D 115 b. 112 J a n 117% May
ConsoL 6 g ......................... 1934 A A O 125 %b. 123 Jan. 126% Feb.
General consoL, 1st 5 s .. 1937 M A N 99 %b. 99 Feb. 102% Apr.
105% J a n 112 Feb.
Chicago A Erie.—1st, 5 g ..l9 8 2 M A N 109
92 %b. 90 Jan
C hlo-G asL AO.—l s t .5 g .1 9 3 7 J A J
93% Feb.
Chic. M U .A 9 t.P .-C o n .7 s . 1905 J A J 131%b. 123 J a n 131% May
1st, Southwest D lv., 6 s ..1909 J A J 116 b. 115 J a n 118 May
1st, So. Minn. Dlv., 6 s .. 1910 J A J 118% n 112% J a n 118% June
1 st,Ch. A Pac. W.Dt v .5 s.. 1921 J A J 114%b. 110 J a n 115 June
U
U U .. A
CSCM o. IR
Mlv.D
I .u n
. , 0 0 . . 1926 J A «
SVD
sm.
vuo* u
a. s103%
Juaun. 110 Apr.
Chic.
lv.,5e..
J 109
Wise. A M in n ,D lv ,5 g ... 1921 J A J ............ 106% Jau.
112% Mar.
113 Mar.
108
T erm inal,S g.................... 1914 J *■ 1 112%b. •*“
* Ji
96 b. 92% Apr. 97% May
G e n M .,4g ., series A ___ 1989 J
115%b. 115% J a n 119 May
Mil. A N or.—1st,c o n ,6 s .1913 J
Chic. A N.W .—ConsoL, 7.1.1915 Q - F
137 t>. 138% May 141 J a n
1154b. 116% June 120 31ay
Coupon, gold, 7 s . . . . ____1902 J A D 115%b.
113 b. 112 J a n 116 Mar.
Sinking fund, 6 s..............1929 A A O 113
108 J a n 111 Mar.
Sinking fon d. 5s.............. 1929 A A O '109
Sinking fund,deb«n ., 5s.1933iM A N 109 b. 107% J a n 111% Apr.
25-year debenture, 5 s ... 1900 M A N 105 b.
J a n 107 Apr.
J a n 102% Apr.
Extension, 4s...................1926 F A A 101 %b.
C h ic .R .I.A P a c .—6s,eoup. 1917;J A J *128%b.
*l28% b. 126 •Mar. 127% May
Extension and ool., 5 s ...1 9 3 4 J A J 1941)9 i OO J a n 103 May
97% Feb.
30-year debenture. 5 s ...1 921 M A S • 9#j a. 92 J a n
Chic. 8L P. M. A C .-6 S ...1 9 3 " J A D 128 i 124 J a n 129 3Iay
Chlc.AW .Ind.—G e n ,g .,61 1932; o -31 1164b. 116% Jan. 118% Feb.
Cleveland A C a n to n —5 s ..1917 J A J * 75 b. 79 Jau.
90 J a n
Clev. Lor. A WheeL—5 s ... 1933, A A U 106% 104% Apr. 107% Mar.
119 J a n 134% 31.ly
U C. C. A l.—Consol. 7g .1911 J A D ‘ 131
125 May 127 May
Geaeral consoL, 6 g ........ 1931 J A J 127
C.C .C .A 8LD —Peo.A E .,4s,1910 A A O 77
75% May
80 J a n
18% Mar. 23 J a n
Incom e, 4 s ....................... 1990 ApriL ‘ 19
99
94% J a n 100 J a n
CoL C o a l* Ir o n -O g ..........1900 F A A
COL A 9th A ve. th . 5 s. g .,1 9 9 3 M A S 113%b. I l l Apr. 114% Feb.
83 J a n
90 Feb.
Col H .V a l.A T O L —C o u J * .1 9 3 l M A 8 86
85%b. 80 Jan.
90 Apr.
General 6 g ...................... 1904 J A D
o u__
r .—Is
t ,7 s ,g .l9 0 0 31 A N ,* l l i a. 110% J a n 114 Apr.
Denv. A R io
_____^--------------,
83 J a n
92 May
lstcon soL , 4 g . . . . . . . . . . . i 9 3 6 J A J 91
97 b. 93 J a n
98 Feb.
DuL So. 8h. A A tl.—5 g ----1937 J A J
Edison EL ill.—lst,con .g .5s.‘95 J A J 103 %b. 97% Jan. 103 Mar.
92 % J uno 95% Feb.
Erie— 4, g, prior bonds
1996 J A J 92%
64%
64 Mar. | 07 Apr.
General, 3-1, g ............... 1996 J A J
Fl. W. A Denv. C lt y .-6 g .lU 2 1 J A D 57 b. *56 May 1 70% F e n
90%
90% Muy
93 J a n
GaLH .ASan An-M .A P.D .lst,5g M A N
93% Feb.
90% a. 85 J a n
Gen. Electric, deb. 5s, g . . . 1922 J A D
Hous. A T. Cent. gen. 4s, g.1921 A A O 09 b. 68 Apr. ! 71 Apr.
102
Feb.
99
b.
99
J
‘
a
n
Illinois Central.— is, g...... 1953 M A N
Weetern Lines, 1st, Is, g . 1931 F A A 103 %b. 101 3Iar. 103% J a n
InLA G reatN or.—Ist,6s,g.l9 19 31 A N 115 b. 115 J a n 118% Apr,
77% Feb.
73%b. 70 J a n
2d. 4-5s.............................1909 M A S
97% May
Iow a CentraL—ls t .S g
1938 J A D 95 b. 90% J a n
60 b. 60 Apr. ! 71 J a n
Kings Co. Elev.—ls t ,5 g .. 1925 J A J
96 J a n
92%
91
May
Laclede O a * ,-ls t , 5s , « . . . 1919, % - F
Lake Erie A W e s t .- 5 g .... 1937 J A J 117 b. 113 J a n 117 Apr.
115
a.
112
J
a
n
;
IIS
Jan.
L. Shore. -C on ,op., 1st,7s.ISiOo J A J
ConsoL coup., 2d. 7s.......1903 J A D 110%b. 116% June 120% Mar.
I
l
l
J
a
n
114
Feb.
113%
Lex. AT A P a v .F .g n 5s,g.l9 93 M A 8
Long I s la n d .-1st c o n , og. 1931 %—J 119 b. 117% J a n 120 Feb.
98
J
an
94
%a.
93
Mar.
General m ortg a g e .4 g ... 1938 J A D
Louis. A Nash.—Cons. 7s . 1898 A A O 103% 104% Apr. 108% Mar.
119
Feb.
117
b.
118
J
a
n
S .O . A Mobile, 1st,6 g ... 1930 J A J
"
••
2 d .6 g . 1930,J A J IOO b. 97 J a n 102% May
General, 8 g .......................1930 J A D 115% 111 J a n 117% Apr.
80% Feb.
7 7 %b. 71% J a n
Unified, 4 g ........................ 1940 J A J
113%b. 111% J a n 113% Feb.
Loul*,N. A. * C h .- l » t , 61.1910 J i J
99 Apr. 103 Feb.
C onsoL ,6g.........................1916 A A O 1 0 0
99 % Mar.
Manhattan oonsol. 4*........1990 A A O 97 b. 94% Apr.
Metro. Elevated.—1st, 6g. 1908 J A J 119%b. 116% J a n 119% June
105%
105
May
1108
Apr.
2d,6 s.................................. 1899 M A N
Mich. CenL—lst.co n s., 7s. 1902 3£ A N 116 b. 115 31ay 119 Jan.
107
b.
103
Mav
108%
Feb.
ConsoL, 3s.........................1902 M A N
M1LLake 3h. A W .—lat.6g.1921 M A N 129%b. 129% J a n 132% Apr.
'
“
115%
May
Ex ten. A Imp., 5 g ...........1929 F A A ll5 % a . I l l
Feb.
Mlnn.A8LI___Istoon.5agg.1934 M A N 100%b. 96% J a n 103% Apr.
94 Feb.
86 J a n
92%
Me. K, A E.—1st 5s, g „ g n .l 9 4 2 A A O
Note . —" b” Indicates p rice bid; " a " prloe asked; the range

13

Range (sales) in 1896.
Inest Closing
P rice ---------------------------------- i Period J tine 5. j Lowest.
Highest.

it

N E W Y O R K S T O C K E X C H A N G E P R I C E S — { C o n t i n u e d ) . — IN A C T IV E B O N D S -J U N E
SECURITIES.

Bid.

R a ilr o a d B on d s.
(Stock Exchange Price*.)
Alabama Mid.—lat, g., gnar.. 1928
Atrh. Topeka A San F*ran.—
Chicago A St. Lou.—lat, Oa.1915
Col. Mid. 1st. g.. 6 i ..............1936
Atl. A Pac.—2d W. D., gu 01 1007
Western Dlvlaion lnoorne.. 1910
Balt A Ohio- lat, 6a, Park B.1919 108

Ask.

SECURITIES.

Bid.

Ask.

95
B a lt A Ohio—5s, Kold.............1925 1
Cou*. niort., gold, 5a............ 1988 101% 103
W Va. A Pitta.—1 st,ft, 5s.. 1990
B. A O. H. W., 1st, g .,d 1* s ...l9 9 0
Monon. River, lat, g., g. 5a..1919
90
Cent’ l Ohio R eor.—1 s t , 1 9 3 0
Ak.&Ch.Jtmo.—I3t,g,5a,gu .l930
52
50
Brooklyn
Elevated—2d,
5
a
...1
9
1
5
.. . . . .
Seaside A B.B.—1st,g,5a,gu. 1942
14
*70
Bnin*wlck
A
W*n—
lat,
g.,
4a.l938>
i. . . . . . .

SECURITIES.
Buff. Roeh. A Pitts.—Gen. 5s.. 1937
Rooh, A P., 1st, 6s................1921
Rooh. A Pitta.-Oon8.l8t,68.19221
Buff. A Susqueh.—1st, 5s, g ..l9 1 3 ,
Burl. Cedar Rapids A Nor.- 1st, 5 a ............................. — 1906
ConsoL & oollat. trust, 5 s.. 1934
Minn. A St. L.—1st, 7s, g n ..l9 2 7
Ced. Rap. I. F. A N., 1st, Gs.1920
1st, 5s...................................1921

Bid.

Ask.

97%
1234
114 !117
“95
10.5%'
101% 10 2^
io'S”
1024

IHE

1031

CHRONICLE

[V ol. LXIi..

NEW ? O K K S T O C K E X C H A N G E P B I C E S .— IN A C T IV E BONDS—f C ontinued) — J U N E 5 .
SECURITIES,

Bid.

Ask.

SECURITIES.

Bid.

Ask.

SECURITIES.

Bid.

Ask.

Svans. A Indian.—1st, oon s..1926
Northern P acific—
100
0 Ohio—Co). A C ln.M .lst,4*38.1939
C. d’ Alene—Gen. ls t ,g ., 6 s ..1938
Flint A P. M arquette—
cent. RR. * Bank. -C o l. g.Ss.1937 -9 8 >4
40
115
M o rt.,6 f....... - ........................ 1920
Cent. Washington—1st,g.,68.1938
not. o f N. J.—Conv. deb., 68.1908
1st, oon. gold, 5 8 . . . . . . . . . . -.1 939
93
Norfolk A South’ n—1st, 5 s,g .l9 4 1 103 110
C m t Faoifio—Gold oonds, 68.1896 102
80
Pt. Huron D iv.—1st, 5 s ___193S
Norfolk A W e s t Sold bonds, 6a...................... 1897 102
125
Fla. Cen A Pen.—1st g. 5s— 1918
General, 6 s ............................1931
aan Joaquin Br., 6 s..............1900 103
80
New R iver 1st 6s................. 1932
1st con. g., 5 s ........................ 1943
114*4
fdort. gold 5 s ......................... 1939 ♦90
Ft. Worth A R. G —1st g., 5 s ..1928
Im p. A E xt., 6s....... .............. 1934 *116
53*s 61
Land grant, 5s, g ...................1900 *95
Gal. Har. A San Ant.—1st, 6 s .1910
Adjustm ent M .. 7 s .......... ...1 9 2 4
Cal. & O. D iv., e xt., g. 5 s ...1918 102
.........
2d m ort., 7 s ............................ 1905
Md. A Wash. D iv.—Ist,g .5 s.l9 4 1
97*s 106"
West. Paoillo—Bonds, 6a----1899 103
Ga. Car. A N or.—1st, gu. 5s, g.1929
Scioto Val. A N . E.—1st,4s,.1990 *80
83*3
No. Hallway (CaL)—1st, 6 s .1907
Ohio A Miss.—
Grand Rap. A Ind.—Gen. 5s. .1924
50-year 58........................... 1938 ■9 2 "
106*3 Housatonic—Cons, gold 5s— 1937 122=8
Consol. 7 s .- ......................... .1898 *1043i 105
Cues. & O.—Pur. M. fund, 68.1898
2d consol. 7 s ......................... 1911
N .H a ven A D erby, Cons.58..1918 113
Craig Valley—1st, g., 5 b— 1940
Spring.Div.—Is t 7 s ...............1905 *101
Hous. A T . C.—W aoo A N. 7s..1903 125
Warm Spr. Val., 1st, g. 5 a ..1941
General 5s.............................. 1932
1st g., 5s (int. g td )................ 1937 109
Ohes. O. A So. West.—1st 6s, g.1911
Ohio R iver R R .—1st, 5s.......... 1936
Cons. g. 6s (Int. g td )............. 1912 100 102
Sd, 68...................... ................ 1911
Gen. g .,5 s ...............................1937
Debent. 6s, prin. A in*, gtd.1897 *85
O h .V .-G en .con .lst,gu .g ,5s.l9 38
45
55
85
Omaha A St. Louis.—1st, 4 s .. 1937
Debent. 4s, prin. A int. gtd.1897
01'oago it Allot:—8. F., 6 s---- 1903 114*3
Oregon A Caltfor.—1st, 5s, g.1927
L iuls. A Mo. R iver—1st, 78.1900 112 1 1 3 * Illinois Central—1st, g., 4 e ...1951 110
60
Oreg. R y A N a v .-C o l.tr . g..5s,1919
2d, 7 s................................... 1900 108 112*3
1st. gold, 3*39........................1951 104
iii
Penn-P.C.C.ASt.L.Cn.g.4*3SA1940
Gold 4 s....................................1952 "99%
St. L. Jacks. A c.*uc.—2 d, 7s 1898 107*3
109
100
98
Do
do
Series B ......... *
2-10 g., 4 s .............................. 1904
Mibs.R. Bridge—1 st,s . f . , 68.1912 *104*9
P.O.AS.L.-l»t,o.,7
Cairo Bridge—4 s....... ........... 1950
0 lie. Burl. A Nor.—1st, 5s
1926 103*4 104
Spring!. D iv.—Coup., 6s___1898 104
Pitts. Ft. W. A C.—1st, 7 s... 1912 •*
Debenture 6 s.........................1896
2d, 7 s ................................... 1912
M iddle D iv.—B eg., 5s..........1921 110
138*9
Ohio. Burling. A Q.—5s, 8. f.,1 9 0 1 103
3d 7s
1912 130
Iowa Div.—Sink, fund, 5 s ..1919 106
C. 8t. L. A N . O.—Ten. 1.,7s. 1897 103*s
98
Ch. 81.L. AP.—1 st.eom 5 s, g. I ‘ 19 3 2 115*3
1st, consol., 7s.....................1897 ■103*3
Sinking fund, 4 s............
1919
89
Plain, 4a.................................. 1921
Gold, 5s, c o u p o n ............... 1951 121
Clev. A P .—Cons., s. fd ., 7 s .1900 113>s
107*4
100
Chicago A Iow a D iv.—5 s .-.1905
Memp, D iv., l s t g . 4 s .......1951
Gen. 4*38, g., “ A ............. 1942
102
90
St. L. V. A T. H .—1st, 6s., 7 s .1897 103
Onio. A Indiana Coal—1st 5s. 1936
Ced. Falls A Minn.—1st, 7 s.. 1907
2d, 7 s.................................... 1898
cm . MU. & St. P —1st,8s,P .D .1898 108 109
Ind. D. A Spr.—1st 7s, 1906, trust
26
r e cts., e x b o n d s.............................
2d, guar., 7s..................... ..1 8 9 8
Id , 7 3-10s, P. D ...................1898
1st, 7s, $ g ., R .D ...................1902 *127*9 .... Ind. Deo. A VV.—1st, g., o s ....1 9 3 5 mo
G d.R .A I.E xt.—1st,4*38,G.g. 1941
128
85
Ind. Ills. A Iow a.—1st, g, 4 s ..1939
Peoria A Pek. Union—1st, 6s .1921 111
1st, I. & M .,7 8 ...................... 1897
73
92
I 8 t ,l. A D .,7 s ...................... 1899
1st, ext., g. 5 s........................1943
2d m ortg., 4*38....................... 1921
1st ,C. A M ., 7 s...................... 1903
Int. A G. N’n.—3d, 4s, g . ....... 1921
Pitts. Cleve. A Tol.—1st, 6s. ..1922
60"
133
*s
! st, I. A D. Extension, 7 s . . . 1908
Kings C o,-F .E l.,lst,5,g.,gu.A .1929
Pitts. A L . Er.—2 d g .5 s ,“ A ” . 1928
111
at, La C. A D av., 5s.............1919
Lake Erie A West.—2d g., 5 s .1941 100=8
Pitts. Me. K. A Y .—1st 6s____1932
102*3 Pitts. Painav. A F.—1st, 5 s ...1 916
l i t , H .A D .,7 s ..................... 1910 127*3 129
North’n Ohio—1st, gu. g. 5a.l945
90
l i t , H. A D .,5 s .....................1910 105
L. 8. AM .Sou.—B .A E .—N e w 7 s .’98 105=8
Pitts. Shen. A L. E.—1st,g.,5s. 1940
Chicago A Paoillo Div., 6 s ..1910 118
1st consol. 5s......... ................ 1943
Det. M. A T.—1st, 7 s............ 1906 123
30
35
Mineral P oint Div. 5 s.......... 1910 106*3
Pitta. A West.—M. 5 s,g.l8 9 1 -1 9 4 1
Lake Shore—D iv. bonds, 7s. 1899 107=8
0. A L. Sup. D iv., 5s............ 1921
P itts.Y ’gst’nA A .—1st, 5 s,con .l927
Kal. A ll. A G. R .—1st gu. 58.1938 113
Fargo A South., 6s, A s s u ...l9 2 4 113
Mahon’g Coal R R .—m t, 5 s .1934 116
66
R io Grande So.—1st, g., 5 s ...1 940
Iao. conv. sink, fund, 5 s___ 1916 100
St. Jos. A G r Is.—2d in e.........1925
Lehigh V.JU.Y.—1st gm|.4*3S.1940 100*3 102
Dakota A Gt. South., 5 s___1916 108*3
Kan. C. A Omaha—1st, 5 s-.1927 *20
Lehigh V .Term .—1st gu, 58,g. 1941 108 108%
vJU. A Nor. m ainlin e—6 s ...1910 115*3 116
Lehigh V ’y Coal—Ist5 s,g u .g .l9 3 3
St. L. A. A T. H .—Term. 5 a ..1914 1 0 1 % 105
0 io.ANorw.—30-year deb.5s.1921
Lttehf. Car. A West.—1st 6s. g. 1916
Bellev. A So. XU.—1st, 8s. ..1 896 102
Ssoanaba A L. 8 .1 st, 6 s ....1 9 0 1 * i i o "
Believ. A Car.—1st, 6s......... 1923
20
Little R o ck A M.—1st, 5s, g ..l9 3 7
D ssM . A Minn.—1st, 7 s ....1 9 0 7
Chi.St.L.APad.—Ist,g d .g .5 sl9 1 7
Long Island—
Iow a M idland—1st, 8 s........ 1900 115*3
Bt. Louis So.—1st, gd. g. 4s. 1931 *89
1st, 7 s ...................................... 1898 105*3
Ohio. A MUwaukee—1st, 7 s .1898 107*3
90
91
Ferry, 1st, g., 4*ss................ 1922
do
2d in com e,5s. 1931
Win. A St. P.—2d, 7s............ 1907 124
Gold 4 s.................................... 1932
Car. A S haw t.—1st g. 4 s . ...1 9 3 2 *81
MU. A M a d —1st. 6 s............ 1905 114 116*2
N. Y. A R ’w ay B .—1st, g. 5 s. 1927
St. L. A 8. F.—2d 6 s ,g „ ol. A . 1906 116
Ott. C. F. A Bt. P.—1st, 5a.. 1909 *107*3
35
2d m ortg, ,i n e ..................... 1927
General 5 s................................1931
9 8 % 99
42*3
Northern 111.—1st, 5s.......... 1910 107
90
104
N .Y.AM an.Beaoh.—1st, 7s, 1897 103
1st, trust, gold 5s............... 1987
Mil. L. 8.AW.—C on.deb.,5s.l907 105
104
N .Y.B.AM .B.—1st oon. 5s,g,1935 T 0 2
Kan. City A S 1st, 6s, g . .. 1916
Mich. D iv., 1st, 6s..............1924 131
132
B rookl'nAM ontauk—1st,6s. 1911 114
Ft. S. A V . B .B g .- l s t , 6 s ... 1910 100
Ashland Division—1st, 6s 1925 129
1st, 5 s .................................. 1911
Kansas Midland—1st, 4s, g.1937
84
Ch. R .I.A P—D .M .A F .D .lst 48.1905
No. Shore B r.—lsto o n .5 s,g .l9 3 2
St. Paul City Ry, oon . 5s, g ... 1937 *90
96
63
1 st, 2*ss............................... 1905
96
34
Louis. Evans. A St. L .—Con.5s.1939 *31
G old 5s, g u a r .........................1937 ‘ 90
82
Extension, 4 s .................... 1905
Louis. ANash.—CeeU. Br. 7 s..1907 104
St. Paul A Duluth—1 st,5 s . .-.1931 108
Keokuk A D e s M.—1st,5 s ..1923 102
E. H. A Nash.—1st 6s, g ....l 9 1 9 111
2d m ortgage 5s.......................1917
Ohio. Bt. P. A Minn.—1 st,6 s ...1918 128*3 129*3
Pensacoja D ivision, 6 s.........1920 106
St. Paul Minn A M.—1st, 7 s ..1909
Bt. Paul A S . C.—1st, 6s....... 1919 129*4 130
2 d m o rt.,6 s..............................1909 118
Bt. Louis D ivision, 1st, 6 s ...1921 117
Ohio. A W. Lad.—1st, s. f., 68.1919
Minneap. Union—1st 6s___ 1922
2d, 3s....................................1980
General m ortgage, 6 s.......... 1932 116*3
Mont. Cen.—1st, guar., 6 s ..1937 117
Nasliv. A Decatur—1st,7 s ..1900 110
Ohio. A West. Mien.—5 s.........1921
1st guar. g. 5 s ..................... 1937
8. f.,6a.—S. A N . A la .............1910
102*9
O n. Ham. A D .—C o n .s .f., 78.1905 119*3
East. M inn., 1st div. 1st 5a. 1906 105% 106*9
5 0 -year 5s, g .,........................1937 *98" 100
id , gold, 4*38......................... 1937
W ilm arASiouxF.—1st, g ,5 s.l9 3 s
Pens. A A t.—1st, 6 s ,g o ld ...1921
98
99
Oln. D. A Ir ’n—1st, gu. 5s, g.1941 107*3 109
San Fran. A N. P.—1st, g., 5s.l919
Collat. trust, 5s, g ................1931 100
102
Olev. Ak, A Col.—Eq. A 2d 6 s.1930
Sav.Fl.AWest. -1 s t, com g.6s.1931
L.AN. A M.AM.—1st,g.,4*381945 '1 0 4
O.C.C. A St. L .—Gen., g. 4 s .. 1993
Southern—Ala. Cent., 1st 6s. 1916 107 IO9 "
¥6’
Nash.Flor.AS.—1st, gu., 5s. 1937
Cairo division, 4 s..................1939
Atl. A Char.—1st, p ref., 7 s.. 1897
Kentucky Central—4s, g . . . 1987 *87*3
St.Lou.Div.—lsteoLts't48,g.l990
92*3 9 3
Inoom e, 6 s .......................... 1900
Lou.AJeft. Bdge Co.—Gu.g,4s. 1945
SprinmACoLDlv.—lst,g . 4s. 1940
Colum. A Green.—1st, 5-6S.1916
Lou.N.Alb.AOh,—Gen.m .g.5s.l940
69
70
White W .Val.Div.—1st,g. 4s. 1940
E. Csnn.V. A Ga.—D ins.Ss 1930
Memphis A Chari.—6s, g o ld .. 1924
112 %
Oin.Wab.AM.Div.—1st,g .4s.l9 91
92
9 3 % M exican Cent. Consol.—-4s, g.1911
Rich. A Dan.—Eq. s. I. g. os. 1909 *38*3
Oln. I. St. L. A 0 .—1st,g.,4s. 1936
98
Deben. 5s, sta m p ed .........1927 100
1st, eons, incom e 3s, g_____1939
C on so l, 6 s .............................. 1920
Vir’a Mid.—Serial ser.A, 6s. 1906 112
Mex. International—1st, 4s,g.l942
Oin.8an.ACl.—Con.let,g.5s, 1928 •107
Series B , 6 s .............
1911 115
M exican National—1st, g., 6s. 1927
Indiana B. A W.—1st, pf.7s.1900
2d, inoom e, 6s, “ A ” ..............1917
Series 0 ,6 s .......................... 1916 ■113
O lio lnd.AW .—I s tp r e f.5 s ..l9 3 8
2d, incom e, 6s, “ B ” ............ 1917
Series D , 4 -5 s ......................1921 *92
C. Col. Cin. A Ind.—1st, 7s,s.f,1899 108
Miohigan Central—6s..............1909 118*3
Series F, 5 s.......................... 1931
Consol, sink, fund, 7 s .......... 1914
Coupon, 5s............................. 1931 115*4
Wash.O.AW.—1st our.gu.4s.1924
81
Cin. ASpr.—1st,C.C.O.AI.7S. 1901
M ortgage 4 s........................... 1940 104 108
Ter. A s’n of 8t. L.—1st, 4*38.1939 *105
Oleve. Lorain A W h .- 1st, 58.1933 106*4
Bat.C. AStrgis.—lst,3s,g.gu. 1989
1st. oon. g. 5 s...............1894-1944 104*3 105
Sieve A Mali. V.—Gold, a s ... 1938 118*4
M nn.A St. L.—1st, g. 7 s.........1927 140*3
8t.L.M ei'.Br.rerm .,g.&s,gu..l930
Del. Laok. A W .—
Texas A New Orleans—
Iow a E xtension, 1st, 7s.......1909
More. 7s................. ................ 1907 126
Southwest E xt.—1st, 7s.......1910
ls t,7 s ........................................1905 108
Syra. Bing. A N. V.—1st, 78.1906 124
Pacitio E xt.—1st, 6 s ............ 1921
Saoine D ivision, 1st, 6s....... 1912
122
Morris A Essex—1st, 7s___ 1914
Consol. 5s, g ............................ 1943 'W
M o.K .A T ex.—1st, ext., 5s, g.1944
Bonds, 7 s............................. 1900 114 116
Mo.K. AT. o l Tex. 1st,gu. 5s. g. 1942
7 7" Tex. A Pac., E. D.—1st, g. 6s. 1905 107*3
7 b o f 1871............................1901 1 1 4 7g
-Kansas City A P ., Ist,4 s,g r .l9 9 0
65
Third Avenue (N.Y).—1st 5s, 1937 ' 120 % 121
75
1st, oon., guar., 7s.............1915 138*3 139%
Dal. A W aco—1st, 5 s ,g u ..,. 1940
T.AO.C.—K an .A M ., Mort. 4S.1990
77*s
81
Warren —2d, 7 s ..................... 1900 111
Missouri Paoiflo—Trust 5 s ... 1917
80* Tol. P. A W.—1st 4s,lno.f’d.eou. J uly *78*9 80
D.AH.Can.—Pa.D lv.,ooup.7s.l917 140 144
1st coll., 5s, g ........................1920
Ulster A D el.—1st, eon.,6.,5 s .1928 *99*3
63
A lbany A Susq —1st,gu.,78.1906
126
St L.AI. M .-A rk .B r.,lst,7 s.l8 9 5
Union Paoillo—1st, 6e.............. 1896 103*s
104
1 st, oons., guar., 6s...........1906 117
M obile A Ohio—1st ext., 6 s ...1927
1st, 6 s.......................................1897 103*3
RenB. A Bar. 1st, coup., 7S.1921 144
St. L. A Cairo—4s, guar....... 1931
1st, 6 s...................................... 1899 105
Denv. Tramway—Cons. 6s, g.1910
Morgan’s La. A T.—1st, 6s___1920 115*2
Collateral Trust, 6 s......... ...1 9 0 8
Metropol. Ry.—lst,gu. g.6s.l911
1st,
7s.......................................
1918
CoUateral Trust, 5s...............1907
123
D env. A R. G.—Im p., g., 5 s ...1 928 *
88*s Nash. Chat. A St. L.—2d, 6 s ..1901
Kansas Paoillo—1st 6s, g .,.1 8 9 5 110
113
Det.M . A M .—L. g. 3*98,ser.A.1911 ......... 18
N. O. A. No. E.—Pr. I., g „ 6 s ..1915
1st, 6s, g ............................... 1896 111
Det. A Maok.—1st Uen, 4 s ,g ..l9 9 5
N. Y. Central.—Deb. g. 4 s___ 1905 101
C. Br. U P - F . 0 ., 7 s.......... 1895
4s, g o l d ................................. 1995
N. J. June—Guar. 1st, 4 s ...1 986 103*3
Ateh. Col. A P ac.—1st, 6 s... 1905
32*9
D ninth A Iron Range—1st 5s. 1937 100 102
Beech Creek—1 st,gold, 4 s .. 1936 107
Atoh. J. Co. A W .—1st, 6 s... 1905
Erie—1st, extended, 7 s.......... 1897 103
Osw. A Rome—2 d ,5 s ,g .,g u .l9 1 5
U. P. Lin. A Col.—1st,g., 5s. 1918
2<i, extended, 5s.................... 1919 114
Utioa A Bl. R iv.—4s, g., gu.1922 104
Utah A North.—1st, 7s.........1908 108
3d extended, 4 *4B.................1923 105*4
N. Y. A Put.—1st, g., 4s. gu.1993 103
Gold, 5 s....... .........................1 9 2 6
4th, extended, 5s....... ...........1920 114
N. Y. N. H. A H.—1st, rev, 4s. 1903 103*3
67
Utah Southern—Gen., 7s ..1 9 0 9
5th, extended, 4s.................. 1928 100*4 102"* N. Y. A Northern—1st, g. 5 s ..1927 115%
Extern, 1st, 7s....................1 9 0 9
67
1st, eon., g . f d , 7 s ..............1920
N. Y. Susq. A West.—2d, 4*sa.l937
VaUey
R
’y
Co.
o
f
O.—Con.
6
s
.1921
7
0
B. N. Y. A E.—1st, 7 s.......... 1916 132*
Gen. m ort., 5s. g ................... 1940
7
0
Wabash—Debenture,
Ser.
A..
1939
Bull. A 8. W.—Mortg. 6s___1908 102*s
Debenture, Series B ............ 1939
Wilk.A East.—1st,gtd.,g .5s.l9 42
86*3
24*s
23
Jeflerson—1st, gu. g, 5 s ___1909 105 io 6 * i Northern
Pae.—
Det. A Ohio. E xt. 1st, 5s, g . . 1940
100
98
Goal A R R .—6s...................... 1922
James R iver Val.—1st, 6 s...1936
St
L.K.C.AN.—S
t.C
.B
dge6s.l90''
Y
0
5
Dock A Im pt.,lst6e, eur’oy.1913 106
Spokane A Pal.—1st, 6s....... 1936
85
West N.Y. A Pa.,gen.g. 2-3-43.1943 ■ 44
Evans. A Terre H aute—
St.Paul A N. P.—Gen., 6 s ..1923 122*3
Inoom e 5 s.......................
1943
13
1st, oons., 6 b..........................1921 109*3
HelenaARedM’n—l8t,g., 6 s.1937
25
West. Va. C. A Pitts.—1st, 68.1911
le t, g eneral,g., 5 8 ............... 1942
8
7
DuluthAManitoba—lst,g
.6
sl9
3
6
.........
W
heeuAL.E.—1st.
5s,
g
o
ld
...1926
98*3
*98
Mt. Vernon le t 6 s ............... 1923
Dul.AMan Dak.Div.—lst6s,193'.T 8 7
....
Extension A Im p, g., 5s.......1930
«Hl. f?o Hr. 1 «t„ cr.. fta...... lO'Jn
n .»„r s ’ AiAntwi ne.Oa.
1m#;
___ IWis f'Ant infonip Ss ...
.,1 0 5 7

N" pi ice 1 inlay , these are the latest quotations made this week. F o r m isce lla n e o u s anti U n listed B o n d s —See 3d page preceding.

1085

THE CHRONICLE.

J uke S, 1866.]

J m ie s t m e u t
AJTD

R o ad s.

Latest Gross Earnings.
W eek o r M o

1396.

1895.

i Jan. 1 to Latest Date.
1896.

1895.

S
S
9,373
7,882
1,853
1.720
dhos.Tim.A WU. March.......
874.506
721,778
Hous.ifcTex.Cen. March....... 239,503' 287,160
43,000
Humest'iufcShexi A pril........
9,800
6,773
32,415
I llin o is C en tra l, :A di*i1........ 1,490,882 1,460,481 6,570,177 6,068,228
168,743
175,145
Ind. Dee.&West. ;3d wk May
3,758
9,520
RAILROAD EARNINGS.
218,133
Ind. 111. & Iowa. Maroh___
208,095
61,501
68,980
In.A
Gt.
North’n
IthwkMay
1,199,013
68.141
1,304,055
73,831
The following table shows the gross earnings of United : Interoo. (Mex.) WkMaylO
856,716
45,900
46,120
918,122
S ta tes railroads (and also a few Mexican and Canadian roads) Iowa Central,... ithwkMay
771,826
609,657
3S.111
43,257
16,734
17,072
fo r the latest period reported. The statement includes every Iron Railw ay... April
4,877
4,161
119,482
Jaok.
T.
A
K.
W.
Aoril
192,882
32,761
29,550
6TEJU4 road from which regular weekly or monthly returns Kanawha* Mich -tin wk.May
193,746
173,553
15,233
8.983
c a n be obtained. The first two columns of figures give the K.C,F,Seott&M. 3,1 wk May
67,226 1,663,745 1,640,598
63,510
gross earnings for the latest week or month, and the last two K.C. Meni.ifc Blr. 3 , 1 wk May
432.882
371,827
18,604
17,669
85,031
Kan.C.
N.
W___April
18,1*29
74,010
17,627
columns the earnings for the calendar year from January 1 to
1,329
Kan.O.ABeat. April........
April
1,755
411
320
a n d ncluding such latest week or month.
247,900
K.
C. Pitts.
A
G
..
210,595
13,152
13.25S
IthwkMay
110,594
9,719
82,943
8,318
T h e r e t u r n s o f th e s tr e e t r a ilw a y s a r e n o t in c lu d e d i n th is Kan.C. Sub. Belt tthwkMay,
Keokuk & West.
155,051
121,781
6,780
5,688
ia b le , b u t a r e b r o u g h t to g e th e r s e p a r a t e ly o n a s u b s e q u en t p a g e . L. Erie All, <fcSo. 3d wir May
23,065
26,541
April........
4,7- 2
5,445
1,408,806
L.
Erie
&
West..
1,407,006
95,389 100,433
Jan. 1 to Latest Date. Lehigh & Hud.. ithwkMay
Latest Gross Earnings
127,578
3 -1.040
142.335
40,239
April-.......
Roads.
Lex’gtonAEast. March____
49,689
42.212
16,672
17.547
1896. ! 1895^
1895.
Week or Mo' 1896.
925,522
Long Island.___ April
947,526
294,304 286.957
31,270
Los.
Ang.
Term.
62,784
15.992
7,414
April.
ft
S
f
$
i
Loul8,Ev.ASt.L.
607,931
549,425
41,700
37,546
46,460
18,197
56,319 Lonlsv.
15,673
AdlwnAans..... March.......
*
«
ash.v.
7.541.799
521,562
541,201 Louis. N.A.ACb. ithwkMay, 490.985 508.109 7,992,128
23,430
23.731
Aia.<Tt.80Utu... 34 wk Mat81,274 1,246,786 1,182,707
___166,041
47,013
122,620 Lou. dt.L.&Tex ithwkMay; 76,696
38,501
Ala. Midland... March----143,196
124,699
33,460
38,354
A pril........ .
Ala. Sf. O.Tex. * Pan. June.
20,295
24,038
5,616
2,547
20,000
465,321 M acon* Birin.. April
19,000
474.000
N. O rt& N , JS.i-iawk May
42,421
9,217
pril_____
39,586
9,013
7.000
195.000
7.000
178,402 Manistique........A
Ala. A Viokea 21 wk May
481,640
395,511
19,731
M
em
phis*
Chas.
,
3
d
wk
May
16,726
186.000
5.000
160,614 IM exieanOent.. AthwkMay
9.000
Vloks-8h,.« P, 2.1 wk May
249,160 249.000 4,098,208 3,859,279
743,923
754,985
Allegheny Va!.. April........ 193,124 208,955
981.985
854,108
exican Inter1!. A p r i l . . .*.; 239,498 213,601
457,448
420,036 ' M
27,820
27.331
Ann Arbor........ tthwkMay
1,969,155 1,787,581
23,532
23,563 IMex. National. ithwkMay I 107,641 114,144
7.117
8.331
Art. Midland... March.......
227,669
60,317
148,178
78,492
Mex.
Northern,.
March.......
—
Atcn.T. A a .fe . April........ 2,203.270 2,330,391 9,171,549 8,963,583 ! Mexican R*Wig- vffk May 16
71,463 1,201,530 1,356,015
56.533
135,806
385,026
374,519 1 Mexican So.......!2d wk May!
128,85'
A tlanta* Char. March___
197,755
181.090
9,072
8,740,
117,767
137,428
Atlanta .v W. P. March----40.529
41.868
726,949
tthwkMay
680,045
57,518
48.221
214,742 Mmneap.ASt.L,
9.320
11.180
224,844
Allan. * Danv.. ithwkMay
1,318,139
M.
St.P.*S.St.M.
till
wk"M.;
v
904,728
60,280
87,606}
87,16
72,688
Atlantic A Par. '5,1 wk May
Kan. A T ex. s j wk May 160,099 176.958 4,197,392 4.090.863
13,.»*0|
“ 0,873 |Mo.
8.13'
3.331
AugustaSout’n. February..
672.000 8.571.000 8,690,688
19.614
59,831
48,869 | Mo.Pae.AlrouM IthwkMay 585,000}
19,275
Austin A K’ weet Marcn......
281,000
224,583
13,000
24,000
112,869
107,979 ; Central Br'ch. tthwkMay 609,000!
3o,553
.>5,632
Balt-Obes.* Alt- A pril........
685.000 8.852.000 8,915,271
Total............
IthwkMay
B. xO.Kael Lines January... 1,385.377,1,229,219! 1,335,877 1,229,219 I Mobile A Blrm.. 3<Jwk May
105,339
106,907
4.865
5,637;
____
443,068
469,216 I
Western lanes January.., 443,008! 489,2161
291,670 1,466,620 1,343,438
M obile* Ohio.. Mav....... 314,539:
Total........... A pril..........1,866,416 1,737.392
430,784
39,629 1 0 5 , 1 0 3 ; 385,200
•al.&O.iJou'w. Icn.vkM.v 141.396 162,068 2,450,032 2,522,293 j Mont.AMex.GLl April........
1,660,903 1,505,497
237,512
244,357 i N'asb.Ch.ABt.L. April........ 373,030 387,189;
08.210' 70,909
Bangor* Aroost. April........ !
5,697
5,408
1,969
2,059
3,5381
5,140 1 Nevada Central. March
1.9.VJ!
1,784
Bath A Ham'ndi. March......
21,301
19.835
Nev.C’
yNar.Gge
March.......
7,153
7,606!
7,220!
5,322 N. Jersey * N. V. March.......
1.8581
1.440
M r ,* Atlantic . April........
73.497
71,303
Brooklyn Kiev.. » ki. stuck
RAIl.WI.ir LIST.
13,286,047
96,022:
76.862 H. Y. c . * H. R .. April........ 3,412,848 3,480,229 13,896,759
Bran* W* A Wen t ebruary.
32,248
43,412
1,303,855 1.377.864
$4,003} 74,878 l,251Ji3l>' 1,154,163 N. Y.OnA * w .. itiiwfiMas 106,130 121.314
Baft. Rooit-APm tthwkMay
058,943
724,157
173.500!
N
.Y
.«u
sa.*W
..
A
pril........
170,012
31,510
40,403}
Buffalo .t: S u «i-. A pril........
121,9551 4,659.399 3,753,760
* West. itnwttMay 200,611
""
65,480} 65.570 1,0419)44! 1,336.372 Norfolk
Bar.O.Kni'.A > 34 wk May
14,411
5,752
18,423
Northe’m
(O
a
i
.
Alarch.......
5,463
Ao.Al.V
5*2,586s 13*2,738} 1*27,563
Camden A A ti.. March......
Central Ant 11........ 493*819 510,602 1,962,763 1,998,127
Can ail lac PaellU- Hhwk.May 534,00c I 465,0i.w| 7,457,582! 6,043,371 Nortli’n
5,825,004
443,807
6,234,183
North*!!
Faolfto.;
tthw-k.May
899,478
16.809
2,337;
11,878
2,831!
Oar. Midland— -A pri;........
7,359
*2,245
1 1,291
A West. April........
2.399
321,831 331,9461 1.74-.591 1,194,585 Oconee
Cent, of Georgia Aj»r ! ___
10,516
378,455
272,168
1I),0S6
River........ ithwkMay
Central of N.J.. A pril...... : 947,807} 1,019.401! 3,712,973j 3,705,-117 [ Ohio
59,5*27
15.1*20
63.977
Ohio
lit
v.
A
OUas
A
pril...
.
.
.
11.899;
2,637,829
1
2,089,889:
Central Pacific.. March...... 953,150; 1,01-4.879
293,265
37,385
368,416
(May..........
55,334
5,463
3,888}
17,710
Char. Cl. & Hut.. April ...... !
11.078 Ohio Southern.
749,445
749,354
Imp.Co. March__ _ 278.189 251,196
177,735*
153,283 I Oregon
56,387
CsariearnASav
......
51,-448
1,158,194
_______
385,381
1,317,217
t'aolflo
Mail..
..!April........
317,889
Cbee, AOhio__ ttiiwkMsiy 248,801: 237.942 4,191,286 3,818,345 | Pennsyivama.§.; April____ _________
19,430,900
5.132.272:5.205.472:20,026.109
...----------796,308
751,333
37,844
37,162
Ciiee.O.ASo. V ,. 1st wkMiiv
366,*213
'
340,805
tthwkMay
21.241
24,185
c u e . Bar A O.d April....... 2.511,70S 2,477,509 10,415,921 9,560,184 PeorlalJee,*Ev.
168 270
194,812
Petersburg........Aiiril..........
53,373}
46,907
Chic, * Rust.In UhwkMav
0.\53t>i 40,118 1.500,506 1,452,652 Phlla.
811.335
780.091
A
Erie.
.
March......
;
275.608!
297,740
Ohio, a t. Wear a. UhwkMaVi 118,334! 100,3*27 1,892,700
.. .
, 1,356,428
.
, I Phita. & R eal'g.l April........}1,591.508 1,649,030 6,224,869 6,348,712
OiUe.MU.ASl.P tttiwkMji 790.21*1! 718.670 12,009,164 10,276,413
Coal A ir. C.>... April........ 1,403,063 1,673.155 6,305,503 7,190,130
Chile.*JTthw’ n . April
2,440.680:‘2,138,250} 9,888J)7l[ 8,174,141
Total both Ctm. IA pril....... :2,995,471 S3,322.145 12,590,372 13,538 842
340,289
378,685!
Ohlc.Peo.ASM. 3d Wk May!
17,760; 31,988
163,136
158,299
Ph.Kouil„AN.E.
57,717j 59,951
Ottle.Rfkl.4kF.. Jfi.v ......". t,201,342'1,107,213 5,938,390 5,638,307 1'ltts.C.C.ASt.I* March.......
pril....... :1,202,801!!,186,307 4,825,-61 4,553,512
Caie.bt-I'.M.Ac. April........1 506.273 168,348! 2,265,558; 1,907,337 Pitts. Mar. * OH. A
13,716
13.885
3,601}
3.798
April........
*
*
”
"|S
558,930!
602,982
Chic. A W .M tei 3-lw kM ai;
26,049; 27,843;
226,325
189,825
15,936:
14,918:
18,944 I Pltt.8hea.*L.E. I3a wk May!
18,5
SdSOO
oin.iia. A Ports A-n d . . __ t 4,938}
051.960
596,312
53,745}
45.405}
Pittab.
A
West..
lt.Uwk.Mny
oa
1 lj->
230,508 !
14,407
'
18,835
tUnJaek.A Mae,! UlnvkM.t,
323,550
319,547
22,713
23,887}
Olu. N.O. & T. S- April.........| 261.812! 291^402| 1.066,1)61 1,080,570 } Pitts. 01. ATol. -IthwkMay
11*2.466
104,476
10,1591
14.374}
77,779 j Pitta. Pa. A S'.llthwkMav
67,4116
21,515
24,016
Old. Berts. A V . April......
1,102,034 1,037,048
78.277
92,0061
Total
system,,
ithwkMay
226,248 } Pltt.Young.AA. A im !........‘ 126,173:
2-10,713
ciev. Cftc * ho... .jj wv Mayi
9,748!
13,008
359,*258
335,805
99,665
Ot.ClB.Ch.ASf.i- 3d wk Slay- 221.658 270.U4- 1,780.487 5,019,002 ; (Julney O.AK.C. A p r il.......
99,646
78.213
19,704
26.847
578,2621 560,427 Rioh.l'r’ksli.AP. -Maroh.......
Fee, A East'll April........ 130,105 149,441
171,690
162,529
58,576
>.2,081
C l. la ir .* W h eel. - itllw kM 'ay
48,009
36.8001 533A'0l| 464,304 Rich, a- Peters!;. Apni
114,480
103,534
28.371
31,265
4,88,503
607,746]
Ool. Midland....Uiv-tHL...... } 160,725
142,483
105,568
9,110
7,037;
075,867 Rio Gr. Souch’ n !3d wk May
C o L H -V .A l o i May.-____ } 136.512
1,025.2117.
823.163
768,765
45,000
48,400
272,108 Rio Gr. Wesfii.. 134 wk May:
276,666
14,186
ObLBaad’y * !R ,j3a '«k M syi
8,125
32,112
35.836
7,715
9,221!
Sag.TuseolaAH.
April........
4,500
jiOO]
3,500
Oolusa * Urite .
1,000S
21.585
19,427
7.1038,591
2,280 Sag.VaL A8t. L. March.......
3,3381
C r y s t a l.....* ..., Miir©*i......
1,145
893!
32*2,991
322,108
34,920
33,0501
170,724 8 t h . A. * T . H ith wkMar
G3,H6y] 61,110
OqibW cIValley M arch.....
ts -ico o ;
13 156
8,413
*2.479}
4,879
8LL.Ken’etAHo,;JIatcU.......
2,610.923
tthwkMay 185,lCHij 179,100 2,708,378!
448,424 487,73*2! 1,93 1,701. 1.837.800
32,271 St. L. ASau Fran.!April
40,34.7
Dm M. AKaa. O. 3d wk M;iy
1,605
1.686
1,854,390
1,966,253
132,800
IthwkMay
98,900
Sl.&SdUthw’m
.
94,209
146,55 i|
Dm M. K. & W April........
32,608
23,031
391,170
368.506
99.184
98,934
380,521} 419,284 St.PaulADul'tb A p r il......
De t,iMmt'gtfeNo.*. 3d wk May
20,090
21,253
550,821
624,043
93.304 San Ant. a A.P. April........ 153,152 160,975
175,912
4i.n ot
23,803
l>©lat^-Maeklnar A pril
202,433
203.779
59.097
April.......
}
5-5,455
650,445 S.Fran.AN.Pac.
42,590
0 ti1uths.8.A?.Aii >3*1 wk May| 50,421
715,870
867.781
853.711
279,002
278,541
March.......
Sav.Fla.
A
West.
456,979
5-13,345}
oh&Em t M
96.5891 91,313]
115,827
85,635
25,843
16,710
2 ,3 8 9 ,8 5 0 2 ,2 6 4 ,0 3 0 9,288,3661 8,802,710 Sher.Shrev.A So April........
Krif!
April..
48,193
42,730
17.518
17,751
14,408 811, S p s . O . A G . Jlarch.......
14,078]
5,461
Sarelta Bpti ng», \Marc'
5,180
1,604
6,300
1.604
6,300
115,061 Sllverton........... January...
118,520
5,9681
7,583
itwl'pds tthwkMayj
4,079
5,183
1,730
1,557
April........
bo
.
Haven*
Bast
37,491
38,350
2,776
2,349
Bv&m. & KlCiL 34 wk May
402,551 So. Paeitlo Co.
447,0-8
2 4,8331 26,454
Wt-mm. & T* H ithwkMay
393.519 403,676 1,253,052 1,124,795
Gai. Hur.A-ti.A March......
Fltohharg.
A p r il...... 0OO,127,: 575338 2,276,117 2,155,945
301.377
250.229
90,613
77,401
LotUs'aWesl. March......
945,218
Film 4k P. Maro 34 wk May] 47.2-Pt 47,740 1,001,119
395,07*2 514,374 1,306,257 1,617,258
Morgan’
s!,
AT.
March......
813,531
876,748
44,809
39,187
Fla,C«ah
34 wk May
42,545
54,747
18,260
13,174
N.Y.T.&Mex. March___
261,985
215,775
72,926
88,561
March.
Ft,. W
412,325
335,951
107,550 142,179
Tex.&N.Orl.. March----1*22,440
118,091
4,985
6,861
P t V , 46f lilo Ut 4th wkApr
3,59*2,323
3,229.526
1,196,892
998,963
Atlantic sy«.6, March___
2,40.1
3,415
700
809
0ad«.
Att. u April.. ...-4
2,503,420 2,564.171 7,351,290 7,0! 0 215
Pacino system March.
467,086
583.025}
18,474]
iiTOfgla B E ,,., ;M wit-May; 20,619
3,710,574 3,940.852 15,103,926 15,452,487
Total of all.c April.
170,874
209,101
12,315
ik Ala. ■4th wMMay: 19,097
831,597 802,356 2,460,738 2,285,113
So.
Pile,
of
Cal
Maroh.......
244,650
286,868}
49,743
51,395!
Qw^Wlrn & m April......
618,280
6-42,321
So.Pae.of Art* March....... 204,327 225,524
288,5001 253,423
67.833
8o. & Fla
269.489
309.785
97,603
99,823
So.Pae.ofN.M.
March.......
762,674
704,432,
GMr, Hap*
in d .:$d wk May!
36,74*1!
37,708}
4
64,391
423.363
1*27,147
153,814
Northern R y.. Maroh.......
164,885
165,440;
CHl
Ft, W :3d wk Mnyi
7,040'
8,6167,405,413 7,072,431
16,753 Southern R y... IthwkMay 413,058 439,130
17,310!
fraverseClty *M wk May
832'
926:
49,305
81,068
10,130
29,285
45,544 Spok, F’taANor. March.......
50,410
2,238:
Mn-s.G.R, A l '3d wk May2,33 i 1
203,474
204,837
78,118
67,080
Marc-li*...,
Staten
tat.
R.
T.
989,656
997,588!
Tot, all H&etri [3d wk Mi»y-j 47,915
49,4 -’•8
3,470
3,290
1,126
1,183
Grand Tronic . i UbwkMay ! 483,578; 496,103 7,031,410} 6,927,512 StonyCl.ifeOMt.. Maruli.---397,620
325,532
82,693 113,047
Branch. A p ril........
CMe *A DieTr .UM wk May
61,745]
52,080] 1,267,533 1,017.573 Suminit
254,807
303.746
31.514
77 390
Lyk. Val. Goal A pril.. . . . .
342,295
331,629
D*s%Qt.B.A m .|3d wk May ! 10,283
16,701:
65*3.433
629,278
Tot’ l both Co’s April........ 160,083 144.561
2,407!
Mae 3*1 wk May i
‘2,264
62,838
60,851
19,648
18,262
‘
Texas Central March..
Tol. &
;3d wk May j
1,478'
1,528'
164 826 2,458,579 2,880,583
135.856
Texas
A
PaoiUo.
I
ithwkMay
Chreat Norti/n14,499
10,056
3,319
1,984
IHJP. M, A M m m .......... 1,120,445 [1,002,6081 4,983,005 4,139,194 TexS.ValAN.W. April
721 627
621.440
30,750
38,128
609,061
438,000 Tot. AOhlo Cent IthwkMay
K&*tot Mirra,. |May. ....... 143,802 104,555;
360,032
379.070
22.994
19,631
775,191
003,478 Tol. P. A West, :3d wk May
166,371 124,138,
MontettaCetrt. -Mav....... .
615,360
736,743
35,9-0
41.766
Tot. system. (May- . . . . . . 1,430,078 1,231,301 0,373,157 5,1-50,678 rol.st. L.AK.C 3d wk May
72.046
66 878
24.973
26.1231
13,380
13.816 Ulster * Del - - March
3.240
3.203
Gulf AChlcagb. 'A pril,.. . . . 1

R a ilr o a d

J n t d lu \ e u t e .

THE CHRONICLE.

1036

Jan. 1 to Latest Date.

Latest Gross Earnings
B O ill

Weekor Ho

Union Paoiflo—
Un. Pao. B B ..
Or.S.L.&U.N .
8t.Joe.ifeGd.lB
Kan.C.&Om.
Tot.3t.J.(feG.I.
►Oeot.Br......... a
Aoh.Ool.cfeP.)
Aoh. J.O.<fe W i
Cen.Br.AL'dL.
Gr'd total.*e
U .P a o .D .& G ...
Wabash ............
W aoo & Northw.
West Jersey.......
W.V.Cen.cfe Pitts
W estVa.&Pltts.
Western o f Ala..
West. Maryland.
West. if. Y. & Pa.
Wheel. <fe L. Erie
Wisoonsin Cent.
Wrlghtsv.&Ten.

1896.

1895.

1896.

1895.

9
*
$
8
March....... 1,071.907 1,075,573 2,934,703 2,986,437
992,159
1,159,446
409,163 351.833
March.......
141,193
144,0821
47,556
50,634
M arch.......
18.157
22,16 1
6,443
5,916
M arch.......
199,531
3d wk Apr.
198,237
12,454
14,181
224,934
284,338
24,000
13,000
IthwkM ay
68,006
M arch.......
72,378
24,169
25,409
136,402
168,935
52,613
Maroh.......
51,278
4,577,514
4,758.62c
M arch....... 1,695.947. 1,639,519
668.807
682,149
234,998 224,075
M arch.......
IthwkM ay 315.918 333,853 4,849,693 4,712,893
59,745
60,633
15,972
20,623
M arch.......
273,394
289.410
M arch....... 107,496 110,281
314,669
374,927
92,992
A p ril......... 101,355
22,917
27,5 34
27,534
January...
22,917
120,615
140,970
M arch.......
41,182
41,381
December.
98,737
92,351 1,298,187 1,248,453
57,100
58,400 1,025,319 1,122,432
3d wk May
-IthwkMay
482,986
533,024
36,257
21,485
87,692
3d w k M ay
87,579 1,483,73 3 1,377,565
36,337
A p ril.........
25,125
9,127
7,616

* Figures given do not inolude Oregon By. <fe Nav., Un. Pac. Denver<fe
Gulf, Denver Leadvllle <fc Gunnison, M ontana Union and L eavenw orth
Topeka A South western. u These figures inolude results on eased lines.
b Includes earnings from ferries, eto., not g iven separately. 1 M exi­
can ourrenov. c Includes o n ly half o f lines inw htoh Union P a d do has
a half Interest.
d Inoludes operations o f the Ohio. Burlington & Northern in b oth
years.
5 Covers results fo r lines directly operated east o f Pittsburg.
e Inoludes results on affiliated lines.
L a t e s t G r o s s Earnings b y W e e k s .— T h e la t e s t w e e k l y e a r n ­
ings in t h e f o r e g o i n g a r e s e p a r a t e ly s u m m e d u p a s f o l l o w s :
F o r th e

fo u r t h w e e k o f

M a y o u r p r e lim in a r y

s ta te m e n t

ooverB 48 r o a d s , a n d s h o w s l -32 p e r c e n t lo s s in t h e a g g r e g a t e
o v e r th e s a m e w e e k la st y e a r .
th is w e e k th e p re s e n t y e a r .
4 th week of Hay.

T h e r e w e r e t w o S u n d a y s in

1896.

1895.

$

$

Ann A rbor........................
Atlantic & D a n v ille .......
Balt. & Ohio Southwest.
Buffalo Boch. & Pittsb’g.
Canadian Paoiflo.............
Chesapeake & Ohio.........
Chicago & East. Illinois
Chicago Great W estern..
Ohioago Mllw. & 8t. Paul.
Cin. J aekaon & Maokinaw
Olev. Lorain & Wheel’g . .
Denver & B io G rande....
Evansv. <fe Indianapolis..
Evansv. & Terre Haute..
Georgia & Alabama........
Grand Truna o f Canada.
In tem ’l & Gt. North’ n . . .
Iow a Central....................
Kanawha & M ichigan___
Kan. City Pittsb. & Gulf.
Kau. City Sub. B elt........
Lake Erie & W estern......
Lonisv. Evansv. <fe St. L
Louisville & N ashville...
Louisville N. A. & Chio.
Mexican Central..............
Mexican National............
Minneapolis & St. Louis.
Minn. St. P. & S. S. M ___
Mo. Pacific & Iron M t___
Central B ranch.............
Hew York Ont. <fcWest’n.
Norfolk & W estern..........
Nortkern P acific..............
Ohio E lver.........................
Peoria Dec. & E v a n s v ...
Pittsburg A Western.......
St. Lonis Southwestern..
Southern Bail w a y ... ....
Texas & Pacific............ .
Toledo & Ohio C en tra l...
Wabash.......... ................ .
Wheeling & Lake E r ie ...

27,820
9,320
144,396
84,053
534.000
248,664
65,539
116,394
725,291
18,835
48,009
185,100
5,966
24,833
19 09,
483,578
63,141
43.257
8,983
13,253
9,719
95,389
37,546
490,985
76,696
249,160
107,641
48,221
87,606
585.000
24,000
106,130
200,611
399,478
19,086
21,241
92,006
96,900
413,058
135,856
38,128
315,818
36.257

27,331
11.180
162,065
74,678
465.000
257,942
80,418
100,327
716,670
14,407
36,900
179.100
7,533
26,451
12,515
498,103
73,931
38,111
15,233
13,152
8,318
100,433
41,700
508,109
81,274
249.000
114.144
57.518
60.280
672.000
13,000
121,344
121,955
443,897
16.518
24,185
78,277
132,800
439,130
164,826
30,750
333,853
24,485

Total (43 roads)............
Net decrease (1-32 p. o.).

6,561,061

6,648,649

F or

th e

t h ir d w e e k o f M a y o u r

Increase.

Decrease.

489

1,860
17,672

9,375
69,000

9,278
14,979

16,037
8,621
4,426
11,209
6,000

1,567
1,621

6,582

14,525
5,630

5,146

6,250

"'Toi
1,401

160

5,044
4,154
17,124
4,578
" 6 ,5 0 3
9.297

27,326

87,000

li'.obo

15,214

78,656

41,419

2,568

" *2^944

13,729

35,900
26,072
28,970

7,378

18,035

li',7 7 2
291,008

"378,596
87,588

fin a l s t a t e m e n t o o v e r s

80 r o a d s, a n d s h o w s 2 ’ 65 p e r c e n t g a in in t h e a g g r e g a t e .

3d week o f May.

1896.

Prev’ly reported 165 fids)
A tla n t ic * Pacific............
Ohio. Peoria & St. Louis.
Cleve. Canton & Bouth’n
Des Moines & Kan. City.
Duluth So. Shore <fe A tl..
Evansville & Richmond..
Fla. Cent. & P eninsular..
Georgia & A labam a........
Indiana Decatur * West.
Kan. City Ft. S. * M em ..
Kan. City Mem. & Birin..
Keokuk & W estern.........
Memphis & Charleston..
Toledo Peoria * W est'n..
Western N. Y. & P enn...

$
5,640,111
72,668
1 7 769
13,009
1,896
50,421
2,776
44,869
15,152
8,758
63,510
17,669
6,780
16,726
19,631
57,100

$
5,476,020
87,468
21,968
9,748
1,605
42,590
2,319
39,187
9,700
9,520
67,226
18,604
5,688
19,731
22,994
58,400

$
370,628

6,048,835

5,892,798

394.654
156.037

Net increase (2-65 p. o.)..:

1895.

Increase.

3,261
281
7,831
427
5,682
5,452

1,092
........

F o r th e m o n t h o f M a y 58 r o a d s (a ll th a t h a v e

Month of May.

[VOL. L X H .
j

1896.

1895.

„
$
$
Gross earnings (58 roads) 24,428,000 23,425,733

Increase.

Per Cent.

$
1,002.267

4 -2 »

I t w ill b e seen th e r e is a g a in o n th e r o a d s r e p o r t in g in th e
a m o u n t o f §1 ,0 0 2 ,2 6 7 , o r 4' 28 p e r c e n t .
N e t E a r n in g s M o n t h ly t o L a t e s t D a t e s .— T h e ta b le f o l l o w m g s h o w s th e n e t e a r n in g s o f SrEAM r a ilr o a d s r e p o r t e d t h i s
w e e k . A fu ll d e ta ile d s t a t e m e n t, in c lu d in g a ll r o a d s f r o m
w h ic h m o n t h ly r e tu rn s c a n b e o b t a in e d is g iv e n o n c e a m o n t h
in these c o lu m n s , a n d th e la test s ta te m e n t o f th is

k in d

w ill

b e fo u n d in th e C h r o n i c l e o f M a y 23, 1896. T h e n e x t w ill
a p p e a r in th e issu e o f J u n e 20, 1896.
.----- Gross Earningx.—Net Earnings.-----.
1896.
1895.
1896.
1895.
Roads.
$
$
$
$
Bangor <&Aroostook.. Apr.
70,909
68,240
29,421
18,492237,512
Jan. 1 to Apr. 3 0 ....
244,357
93,743
72,969
321,631
Cent, of G eorg ia .a .-A p r.
33 L,946
24,339
33,448
Jan. 1 to Apr. 3 0 . . . . 1,743,531 1,494,585
574,893
318,611
July 1 to Apr. 3 0 ___ 4,685,926 4,327,193 1,709,880 1,462,455
Chic. & East Illinois.—
July 1 to Apr. 3 0 ___ 3,474,330 3,124,733 1,543,079 1,151,640Dan. <fe K. G ran de.b . A pr.
580,224
546,469
225,212
227,558
Jan. 1 to Apr. 3 0 .... 2,221,078 2,032,923
816,301
870,241
July 1 to Apr. 3 0 ___ 6,303,346 5,760,463 2,707,165 2,419,449Houst. & Tex. Cent. .Mar.
239,503
287,169
16,833
9 1 ,405
Jan. 1 to Mar. 3 1 ___
721,778
871,503
135,539
279,695
35,411
Ind. Dec. & W est. ...Feb.
10,564
34,960
12,226
80,142
Jan. 1 to Feb. 2 9 ___
73,697
25,144
32,835
135,826
Iow a C en tral.b.........Apr.
37,697
115,655
43,053
642,895
Jan. 1 to A pr. 3 0 ....
481,608
245,732
156,76 7
July 1 to Apr. 3 0 ___ 1,590,007 1,333,013
453,887
617.569
Kan. C. Ft. S. <fe M . a . Apr.
358,443
335,263
103,068
105,438
Jan. 1 to Apr. 3 0 .... 1,468,335 1,442,797
436,180
435,436
July 1 to A pr. 3 0 . . . . 3,870,431 3,856,819 1,194,426 1,200,769Kan. C. Mem. & B .a ..A p r.
78,943
4,856
71,767
7,193
Jan. 1 to Apr. 3 0 ___
379,796
42,954
317,755
67,345
July 1 to Apr. 3 0 .... 1,031,150
159,784
874,693
207,175
Louisv. & N ash v .b..A p r. 1,534,191 1,432,284
383,441
396,972
Jan. 1 to Apr. 3 0 .... 6,420,228 6,008,435 2,055,629 2,011,313
July 1 to Apr. 3 0 ....1 7 ,1 4 0 .3 1 0 16,193.313 5,940,070 6,039,096
312,83 9
273,249
M exican C entral....... Apr.
834,033
770,595
Jan. 1 to Apr. 3 0 . . . . 3,302,996 3,039,331 1,139,931 1,280,056
Mex. International...A pr.
239.498
218,601
92,227
69,712
347,210
349,155
Jan. 1 to Apr. 3 0 ....
931,965
854,108
180 905
140,764
N orfolk <fe West’n .a ..A p r .
933,195
832,812
528,973
764.832
Jau. 1 to Apr. 3 0 .... 3,778.992 3,220,530
458,914
Northern P a cific.b . .Apr. 1,284,494 1,307,735
374.832
Jan. 1 to Apr. 3 0 .... 4,917,9 97 4,503,715 1,469,503 1,269,834
July 1 to Apr. 3 0 ....1 6 ,9 0 7 ,2 3 0 14,839,333 7,322,702 5,452,529
Jan. 1 to Mar. 3 1 . . . .
B io Grande South, b . Apr.
Jan. 1 to Apr. 3 0 ___
July 1 to Apr. 3 0 ....
B io Grande W est.b ..A p r.
Jan. 1 to Apr. 3 0 ___
July 1 to Apr. 3 0 ___
St. Louis & San F r ... Apr.
Jau. 1 to Apr. 3 0 ___
July 1 to Apr. 3 0 ___
St. Louis Southwestern—
Jan. 1 to Mar. 3 1 ....
July 1 to Mar. 31----San Ant. & Aran. P. .Apr.
Jan. 1 to A pr. 3 0 ....
Seaboard Air-Line—

149,788
170,189
35,012
30,644
139,317
114,829
408,892
334,153
190,230
195,073
691,662
642,265
2,040,634 1,737,555
448.424
487,732
1,939,764 1,837,800
5,183,162 5,156,673
1.228,390
3,943,582
153,152
550,821

1,246,457
4,131,517
160,975
624,043

def.5,171
11,416
56,291
201,598
71,990
232,382
806,991
148,791
730,977
2,094,597
193,475
750,073
33,310
120,051

89,628
14,994
47,110
165,435
71,566
200,480
595,906
185,304
678,335
2,195,738237.533
1,225,266
22,582
143,297

! 2,982,859 2,636,285
907,862
612,311
981,112 1,175,486
Southern P a ciflo .b ..A p r. 3,719,574 3,940,852
Jan. 1 to Apr. 3 0 ___ 15,106,926 15,452,487 4,416,131 4,4 0 4 ,4 9 9
38,292
159,987
53,642
Toledo <fe O. C en t.b . .Apr.
133,565
140,465
192,434
Jan. 1 to Apr. 3 0 ....
597,155
533,478
561,25 3
531,615
July 1 to Apr. 3 0 ___ 1,663,916 1,665,809
7 4 ,483
•83,951
222,106
W est.N .Y .* Penn. b. Apr.
271,571
198,544
225,729
851,019
Jan. 1 to Apr. 3 0 ___
948.082
831,06L
*748,565
July 1 to Apr. 3 0 ___ 2,671,535 2,737,631
a N et earnings here g iven are after deduotlng taxes,
b Net earnings here given are oefore dedu cting ta x es.
* Included in expenses for April, 1896, is $2,229, and from July 1 toApril 30, 1896, $116,541, which in form er years w ould have been
charged to betterments.

Interest Charges and Surplus.—T h e f o l l o w i n g r o a d s , in
a d d itio n t o th e ir g r o s s a n d n et e a r n in g s g iv e n in th e f o r e g o i n g ,

Decrease.
$
206.537
14.800
4,199

762
3,716
935
3,005
3,363
1,300
238,617
fu r n is h e d

sta tem en ts fo r th e fu l l m o n t h as y e t ) s h o w a g g r e g a t e r e s u lts
as fo llo w s :

a lso r e p o r t c h a r g e s f o r in te r e s t, & c ., w it h t h e s u r p lu s o r d e f i c i t
a b o v e o r b e lo w th o s e c h a r g e s .

Inter’ t, rentals, <fc.—. <-Ral. o f Net Earns

1896/
1895.'
$
Roads.
$
21,636
B an gor & A roostook. Apr.
86,044
Jan. 1 to Apr. 3 0 ....
Chicago & East. Illinois.—
July 1 to Apr. 3 0 ----- 1,033,016 1,013,341
200,933
199,360
Denver & B io Gr*de. Apr.
July 1 to Apr. 3 0 — 1,961,253 2,001,300
Indian a Dec. & W est'n—
5,600
5,600
Jan. 1 to Feb. 2 9 —
114,196
106,367
Kan. C. Ft. 8. & M . ..A p r.
July 1 to Apr. 3 0 . . . . 1,152,928 1,113,868
16,507
13,871
Kan. C. Mem. & B ir.. Apr.
143,951
117,573
July 1 to A pr. 3 0 ___
14,223
14,192
Rio Grande South___Apr.
56,891
56,767
Jau. 1 to Apr. 3 0 ....
142,227
July 1 to Apr. 3 0 ....
38,593
38,136
Toledo * Ohio Cent. .Apr.
389,692
316, L03
July 1 to Apr. 3 0 ....
* A fter allowing for other Ineome received.

1896.
$
7,785
7,699

510,063
21,249
745,912
27,235
def. 8,758
41,498
def.9,309
63,224
def. 2,807
def.601
63,371
*20,306
*170,827

1895.
$

148,29928,198
418,14 9
19,544
def.3,299
86,901
d e f.9 ,0 15
42,211
802
def.9,657
*312 .
*224/277

THE CHRONICLE.

J une 6, 1896.]

S T R E E T R A IL W A Y S A N D T R A C T IO N C O M P A N IE S .
T h e f o llo w in g ta b le s h o w s th e gross e a r n in g s f o r t h e la t e s t
p e r io d o f a ll s tr e e t r a ilw a y s fr o m w h ic h w e a re a b le to o b t a in
w e e k ly o r m o n t h ly re tu rn s. T h e a r r a n g e m e n t o f th e ta b le is
th e s a m e a s th a t f o r th e s te a m r o a d s — th a t is. t h e first t w o
c o lu m n s o f fig u re s g i v e t h e g r o s s e a r n in g s f o r th e la te s t
w e e k o r m o n t h , a n d th e la st t w o c o lu m n s th e e a r n in g s f o r
th e c a le n d a r y e a r fr o m J a n u a r y 1 t o a n d in c lu d in g s u c h la te st
•week o r m o n t h .

STREET RAILWAYS AND TRACTION" COMPANIES.
GROSS
E a r n in g s .

Latest Gross Earnings.
WeekorMo

1896. I 1895.
8

8

Jan,lta Latest Date,
1896.
$

1895.

Akron B edfd i; Clev April........
6,712
22,131
65,398
AkronSt.Rr.Jt 111. Co. A p ril........ 16,200 13.777
55,138
80,741
AUent’ n A Leh,Tr’t’n M a y .........j 21,234 19,119
72,223
Amsterdam St. B y ...A p r il........ i 3,679
3,675
14,477
12,928
Atlanta Con. St. R y.. A pril........ 32,588 26,175 109,751
88,556
Baltimore'Traction... A p ril........ . 97,469 87,879 354,336 317,592
1,515
Bath St. By. (NT. Y.1-. A p ril........
1,1965,411
1,990
6,030
25,141
23,491
Bay Cities Consol---- A pril..........
6,578
3,912
39,891
Binghamton S t Ry... April........ 10,809
32,368
Bridgeport Traction. M a y.------- 29,808 25,360 119,635 102,607
85,531
Brockton Con. St. tty. A pril........ ; 23,853 18,910
70,363
Brooklyn Elevated.. IthwkMay 17,155 57,350 719.0 1 930,158
Brooklyn Heights ... May........... 125,120,379,615 I ,717,889 1,313,984
Br’ klyn Queens A-Sub May........... 69,217: 58,566 273,302 201,875
Brooklyn Traction—
Atlantic Are ........ March. ...
73,828; 61,597 215,151 127,326
14,220
Brooklyn B.A W. E. March.......
4,715, 5,711
15,246
Total........
March
78,573 67,338t 229,674 112,57-2
Buflalo K>..................■March
335.154 297,363
Central Trac.iPitWb.) April____ 11,805 1*3,523
59,117
53,971
Chester Traction....... April........ 15,816 13,30)
51,311
16,081
Chic. A So. Side R.T. April........ 61,806' 68,129: 251,818 261,502
Cm. Newport A- Cov.. April........ 50,950' 15,959; 185,825 165,994
•CiCs Pa*. Rr. ilnd's.) A pril........ 75,985: 72,758
city Elec. IRome.Qw April........
1,685; 1,617: ‘ *5,967
C inland City B
v,.p ----- ^ 336,335 297,152
Cleveland E lectric... April........ 131,509 115,120: 501,175 428,177
Columbus 81. Ry. lO.U 34 wk •
-------.9 If ---------12,035
Coney island A BTya April........ : 26,699j 23,176:
98,85*3
87,628
-Consol. Traction. N J May.......... 251,752 215,355
Danv.O'* E. L. ASt. Ky. |A p ril.... . . 1 ------7,932
6,013
Denver Con. Tram *. April........ 59,332 57,350; 222,119 214,SCO
35,109, ............, 138,405
Detroit Ry...... ........... April........ ..........
70,9)9
88,108
Duluth SC Ry............ April........ 17,191 16,976:
37,108
*3,872
Erie EJcc. Motor Co.. ;April___... 11,251
9,799
1,535
5,158
Flushing A College Pt. :A pril..___
12,705’ 30,836
April........ 11,330 "8,3*89;
Fort Wayne Consol
27,010
13.058 12,1191 26,317,
Galveston City Ry...
Herkimer Mohawk (!•
10,113
3,667
lo o a Fkfort El.Ry. March.......
l,7 » lj
Hoosick K y................ A p r il.......
871
2,215
Houston City St. Ry.. March....... 15,366 *15,358!
Interstate Consol- of:
31,712
North Attlchoro----: A p r il,.,...
9,312
Lake 8t. Kiev. (Chic. 1 ;A p ril------- 62,008
Lehigh Traction........ ;April-------0,126
37.008
3,825
Lock Haven Traction|March.......
1,312
22,263
11 515
London8t Ky.WSio.).!April........
6,096
3,918,
20,3- 4, 22,467
6,6081
Lorain St. R y.
A p ril-------- 5,688
98,034
Lowell Law. A Hav,. Apr fl........ 30,711 27,857' 110,386:
Lynn A Boston.......... Hk wk May 45,39b 11,797: 501,981 159,770
Matron, (Kansas City) 34 wk May 31,983 32,115; 636,301), 591,586
378,219 326,608
Mil*. El. Q. Light Co. M arch......................
15,389
13,913
Montgomery St, R y . ; A p ril------1,888
3.9831
Montreal Street R y ... i April........ 07,162 81,13*1 372,059 303,905
Nashville St. Ry........: March...... 21,801 23,887'
'Newburgh Electric... M ay...
8,586
5,805
New England S c—
Winchester A ve— April.. . . . . 15,830 14,230
53.985
58,511
7,258
8,356
Ptym’th & Kingston April........
2,359
2,088
82.213
Total......... .......
May.......... : 232501 20,970
90,168
12,298
18,113
NewEIarenftCentrev. April........
3,691
1,681
17,278
H e* Haven »L Ky___ A p r il...... 11,846 12,M
61,835
0,842
Hew London St.
10,623
' B y- April........ I 2,916 2d
395,987
.Mew Orleans Traction April........ ,109,210 110,3:
142,165
8 . Y. A Harlem.......... March
232,260 279,026
Northampton St. Ry.
12,997
(Mas*.)........ .! March..
19,307
6,258
1,920
Ogdeaaburg St. .By— :April ...
3,763
1,27*
Palermo Ry............... A pril...
*75,49*7
25,310 20,61*!'
94,931
Pitt*. Frontenao A
Sab.Eleo. Rv.lKan.i April.........
1,377
5,435
Po*fceep#ie AWspp-F. March,-----; '5,US
""
10,013
Boaaoke S treet....... A pril..—..: 3,113
9,398
11,005
2,656
Rochester Ry........ .. .Maroh....... 70,975 05,038 210,775 187.100
Savannah Kloottlo... February..
3,170
5,411
2*4,925
Schuylkill Traction,.. April........
6,738
2$ S 6 8
7,505
10,852
Benny IkiU Val. Tree.. April........
15,273
3,380
1,235
78,000
Seres ton Traction -.. April........ 26,303 22,03.3 101,710
74,530
Second Ave. (Plttsb.) 1April........ 38,905 22,388 188,042
21,955
25,5*1
■Shut* City Traction
A p r il......
6,618
6,685
61,650
Steinway Ry.............. -April.......... 24,773 17,139
85,122
1,827
Streator Hallway---- February,,
2,12t
991
888
57,409
12,737
Syracuse Consol....... A p ril_____ 10,238 13,395
8y raense E'st-Stde Ry.A pril___ _
3,180
11,339
*56,98*3
93,919
Syracuse St. R R ........A pril.........
23,133 20,151
7,909
Terre Haute EI’c, Ry Janaary... 12,819
12,819
7,909
Third Ave. lit, if.) ...M a roh .......
581,541 580,521
Tomato Ky. ............. April . . . . . . 76,211 75,199 298,536 278.101
Twill City Rap. Tran, April
161,071 152,916 019,587 590,074
48,196
59,205
Union (Sf. Bedford).,.
. April
. . . _____ , 15,346 13,283
United Tract. (Prov.)A prtl........'137,015 119,681 524,570
*30,251
36,41'
Unit. Trao. (Reading)March.......j 12,181 10,797
33,613
38,650
Utica Belt Line...... -M arch ....
13,119 11,537
11,168
4,101
13,622
Wakeheld A ■'tone— A pril.......
3,207
68,767
77,089
Waterbary Traction.. A p ril____
18,199 17,808
10,037
50,760
Wheeling Railway... A p ril......
13,889 11,326
Wilke*'), A Wy. Valley A p r il........ 37,722 32,205 119,779 111,257
119.737
33,471 115,80:
W orcester C o n s o l......\ p r i!.......

1037

Chronicle o f May 23, 1896. T h e n e x t w ill a p p e a r in t h e
issue of J u n e 2 0 , 1896,
-Gross Earnings.— •..----- Net Earnings.------,
1396.
1895.
1896.
1895.
Roads.
$
$
f
f
Atlanta Cons. St. Ry.Apr.
32,588
26,475
18,178
12,131
Jan, 1 to Apr, 3 0 ....
109,751
88,566
44,271
31,051
LoramStreet Ry.(0.). Apr,
5,688
8,606
1,392
3,350
Jan. 1 to Apr. 30___
20,384
22,467
4,173
8,271
Lynn & Boston.........Apr.
104,316
93,713
39.189
27,190
Jan. 1 to Apr. 30___
377,184
345,292
101,074
117,397
Milw. El. Ry. A Light Co.—
Jan. 1 to Mar. 31___
376,219
326,608
133,776
101,913
New Orleans Traot... Apr.
109,216
110,360
50,021
51,807
Jan. 1 to Apr, 30___
442,465
395,987
201,398
167,779
I n t e r e s t C h a r g e s a n d S u r p l u s .— The following S treet
railways, in addition to their gross and net earnings given in
the foregoing, also report charges for interest, &o., with the
surplus or deficit above or below those charges.
-Inter't rentals, d&c.- -Bal, of Net Earns.1896.
1895.
1896.
1895.
Bonds.
$
$
392
..........
Loratn3treetRy.(0.) Apr.
1,000
Jan. 1 to Apr. 30___
4,000
173
..........

ANNUAL

R EPO R TS.

A n n u a l R e p o r t s .— The fo llo w in g is a n in d e x t o a ll a n n u a l
reports of steam railroads, street railways and miscellaneous
companies which have been published since the last editions
of the I nvestors ’ and Street R a i l w a y S upplements .
T h is indexrioes n o t include reports in to-day’s C h r onicle .
R VILROAOS AND MlSCEU CO’ 9.
R ailroad and Mdse el. Go’ s (Oon.)
V olum e 6 2 —
Page.
Volume 62—
Page.
Allovheny V a lie v .......................
778
Burlington Ced. Rapids & North.. 8*3(3
Chicago Edison Co..............
937
Chic. & West Michigan................... 820
Cincinnati & Muskingum V alley.. 900
F lin t* Pore M arquette.,........... 819
General Electric.................
770
<3rand Rapids & Indiana............... 773
Kansas City & Omaha...... 819
Rake Erie h W estern.. . . . . . .. .818, 826
Lake Shore <Sc Michigan Southern, BH
Mahoning Coal R tt ..............
805
Mexican Central................855,817, 828
Michigan Centra!
..............
805
Monongahcda River R R .. . . . . . . ____807
Now England Teh & T el................. »03
N. Y. Chicago & St. Louts............... 30d
- V . 6 2, p. 6 8 3 .

Chicago

Norfolk & W e s t e r n ..................... 905
Ohio R iver....................
940
Oregon Short Line & Utah North’n 819
Pacific Mail Steamship...........
986
Pennsylvania Steel....... ................. 776
Phtladolohla Gas C o .................. 947
St. Joseph & Grand Island............ 819
Union Pacific................
818
United States Rubber Co.......... 947
Wilmington & Northern.......... . - 887
STREET RAILWAYS.
Allentown & L. V . T raction......... . 906
LoaisvUie Railway . . . ............. i l l
North Hudson C ounty...............
I ll
Sacramento Electric Pow. & L gt,. 411
Twin City Rapid Transit.............. ..... .....................

& North Western Railw ay.

f E a r n in g s f o r th e y e a r e n d in g M a y 3 1 , 1896. J

The preliminary report for the late fiscal ye *r as reported
by telegraph shows earnings and expenses as follows :
T ear en d . M ay 3 1 1 89 6 .
G r o s s ............................. . .....$ 3 3 ,4 3 6 ,3 4 1
O per. e x p . a n d chargee. . . . 2 8 ,3 2 8 ,5 4 6

$28,108,374
25,501,326

$31,986,182
27,678,639

$3,107,798
257,909

$2,607,018
214,907

$4,307,513

. $5,363,707
1,563,975

$2,851,955
1,563,450

$1,307,543
1,563,150

N et . . .....................
O th er in c o m e — . . . .

Div. onprefd. (7 p. o.)..—

Balance-..................
$3,301,732
Div. ou com m on ............5% 1,953,033
Surplus.......................... f l , 818,649
- V . 02, p. 683.

1 895.

1894*

$1,288,505
$2,744,093
4% 1,562,096 6% 2,343,144
tft$273,591

sr,$400,949

C h ic a g o I t o c k I s l a n d & P a c i i l c R a i l w a y .
( R e p o r t f o r th e y e a r e n d in g M a r c h S I, 1 8 9 6 .)
T h e a n n u a l r e p o r t in p a m p h le t f o r m h a s b e e n issu ed th is
w e e k , a n d th e r e m a rk s o f P r e s id e n t it. R , C a b le w ill b e fo u n d
o n s u b se q u e n t p a g es.
T h e c o m p a r a t iv e sta tistics f o r fo u r y e a r s , m a d e u p in th e
u su a l c o m p le te f o r m f o r th e C hronicle , a r e g iv e n b e lo w :
operations.

1895-96.
3,571

1891-95.
1893-91.
1892-93
Miles operated.........
3,571
3,571
3,610
Operations—
Passengers carried 5,131,406
1,611,127
5,768,111 6,021,272
Passenger mileage..204,015,426 193,153,346 329,360,936 261,374,980
Rato per pass. p. m.. 2-089 ots.
2T50 ots.
T900 ots. 2-113 eta.
Freight (tons) carr'd 6,394.522
6,227,105
7,058,579 7,179,236
Freight (tons) 1 in*. U ,078,316 11,071,763 t l,288,576 (1,264,337
Av. rate p. ton p. m. 1 03 ots.
1-05 ots.
1 cent.
1-05 ots.
* Company’s freight not Included.

1Three ciphers omitted.

EARN IN G S A N D E X PE N SE S.

1895-90.
1891-95.
Earnings—
4,338,053
Passenger............... 1,415,953
Freight................... 11,159,100 11,206,686
Mall, ex., rents, &c. 1,754,600 1,870,077

1893-91,

1892-93.
$

5,343,146
6,538,568
12,852,979 13,302,190
1,647,527
1,825,768

Gross earnings.. 17,359,653 17,120,816 21,039,074 20,971,UO
Oper. exp. & taxes.. 11,806,591 12,082,261 11,977,479 15,083,689
Net earnings__
Per cent of oper. ex­
penses to earniugs

5,493,059

1,738,555

72*80
68’36
INCOME ACCOUNT
1894-95,
1395-96.
$
1,738,555
5,493,059
15,644
39,439

6,061,595

5,887,121

71*11

71*93

Street Railway Net Earnings.—The following table gives
the returns o f S t r e e t railway gro3sand net earnings received
this week. In reporting these net earnings for the street rail­
1893-94.
ways, we adopt the sam e plan as that for the steam roads—
$
Receipts—
6,061.591
that is, we print each week all the returns received that Net earnings--------40,090
From
land
deparft..
week, but once a month (on the third or the fourth Satur­
3,038
day) we bring together all the roads furnishing returns,land Disoountoa bonds...
6,101,632
•TSateat statement of this kind will] be found Jin'the
Total . . . . . . . . . . . ''5,531,193 | 4,751,199J

1392-93.
$
5,387,421
60,000
5,917,421

THE CHRONICLE.

1038
Disbursements—

R ent leased ro a d s ..

Interest on d ebt----Miaso’rl Riv.bridges
D iv id e n d s................
B ate per c e n t--------Miscellaneous —
T otal diab’ments
Balance
...............
Premium received on
Mlnn.&St. L bonds.
Deferred int’ st reo d
on Minn.&St.L.bds

1895-96.

9

665,336
3,3 22,525
119,650
923,116
(2 p. e.)
279

$

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

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

407,400

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

746,676

500,592

352,533

G E N E R A L B A L A N C E SH E E T A P R I L 1,

1896.

Assets—

1892-93.
*
738,«02
3,038,7 H6
121,566
1,846,232
(4 p. 0.)
414

5,745.600
5,896.134
5,030,906
5,510,731
500,592 def.801,532 sur.208,493 sur.201,821

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

Surplus.

1893-94.

1894-95.
$
649,599
3,318,525
157,6)8
1.384,671
(3 p. c )
325

1895.

201,821

208,498
1896.
1894.

1893.

RR.,bldgs.equip.& c.l03 632,005 103,380.434 103,911,232 102,820,122
347,857
139,567
....................................
Track eievat’ n.Chic.
----------815,897
....................................
RR. bridge, R ock I..
6,802,587
9,403,490
9,825,990
S t ’k s & b d 8 .o w ’ d,<fce.
1,956,962
1,871,451
308,985
A dvances..................
991,369
1,245,230
l,4t>7,323
Materials, fuel, etc.
565,432
502,894
517,535
Loans <fe otk. invest.
761,835
745,234
908.812
A ccts. receivable. .
3,866,485
152,651
314,871
Cash & cash item s..
Total assets....... 119,758,533 119,280,568 117,832,182 116,163,638
L ia b ilities —

4 6,156,000
61,212,000
8,213,000
1,021,691
1,229,492

Stock, c o m m o n ...... 46,156,000 46,156,000
Bonded d ebt............ 62,712,0( 0 62,712,000
A d’n & imp. acot . . .
8,213,000
8,213,009
Accounts p ayable..
594,907
617,529
1,582,039
Incom e a c c o u n t___ 2,082,631

46.156.000
59.490.000
8,213,000
1,283,645
1,020,993

Total liabilities.119,758.538 119,280,568 117,832,182 116,163,638
IT Includes “ c ipital stock and bonds o f connecting roads, $6,206.9 2 9 ;” C. R. I. <fe P. stock on band, $12,100; 6 p. c. bonds on band,
$400,000; 1st M. coll. 5s purchased fo r sinking fund, $295,000.
V. 62, p. 989'.
C an ad a S o u th e r n R a ilw a y .
( R e p o r t f o r th e y e a r e n d in g D ec. 31, 1 8 9 5 .)
T h e r e p o r t g iv e s th e f o l l o w i n g r e su lts o f o p e r a tio n s :
INCOME ACCOUNT.

1835.
$
Net earnings . ..304,715
Other incom e. .. 18,660

1894,
$
287,808
7,413

1893.
$
456,648
7,820

1892.
$
380,712
27,504

1891.
$
446,776
5,908

Total n et.....323,375
Dividends........ ..375,000
Rate o f dividend (2is p. c.)

295,221
375,0 JO
(2>«p. c.)

463,968
450,000
(3 p. o.)

408,216
450,000
(3 p. o.)

452,684
450,000
(3 p. C.)

B ala n ce... df.51,625
Surplus Jan. 1 ..110,822

df.79,779
190,601

sr. 13,968
176,633

df.41.784
218,416

sur.2,684
215,733

Surp. Dec. 31 59,197

110,822

176,632
218,417
31, 1895.
Liabilities —
Capital s t o c k ...............$15,000,000
Bonded debt (See I n­
190,601

G E N E K A L B ALAN CE SH E E T D E C E M B E R

A ssels—

Construe. & equipm’t . $28,579,065
St’ks of otb. c o ’s ow n ’d 3,066,459
1st M. bonds o f other
com panies o w n e d ... 2,899,372
Other investra’ ts, e tc.
30,912
Due from Mich. C en..
156,715
Cash and cash assets..
88,056

vestors’

S u p p l e ’T) 1 9 ,5 7 3 ,7 0 7
1 8 7 ,5 0 0
174
5 9 ,1 9 8

D iv. pay’ ble Feb. 1 /9 6
Div. due and u n p a id ..
Incom e accou n t..........

T o ta l....................... $34,820,579

T otal........................$34,820,579
Y . 6 1, p. 1106.

C in c in n a t i H a m ilt o n & D a y to n R y . S y ste m .
('S ta te m en t f o r s i x m o n th s e n d in g D e c e m b e r 3 1 s t .)
E a r n in g s a n d e x p e n s e s f o r th e la st h a lf o f th e c a le n d a r y e a r
1895 h a v e b e e n r e p o r t e d as f o l l o w s :
1895.
1894.
Inc. or Bee.
Gross earnings.................................2,829,707
Operating expenses................. . 1,792,861
T axes.................................................
83,038

2,718,558
1,701,980
81,325

1 .1 1 1 ,1 4 9
I. 90,889
I. 1,713

T o ta l.......................................... 1,875,899
Net earnings.................................... 953,808
Fixed c h a r g e s ...,............................ 546,453

1,783,305
935,253
548,346

I. 92,594
I. 18,555
D. 1,893

Surplus earnings............................. 407,356
386,907
I. 20,449
V. 62, p. 232.
I n te r n a tio n a l & G rea t N o rth e rn R R .
( E a r n i n g s f o r y e a r e n d in g D e c . 31. 1895.J
E a rn in g s a n d e x p e n s e s f o r th e c a le n d a r y e a r h a v e b e e n
r e p o r te d as f o l l o w s :
r e a r ending December 31.—
1895.
1894.
Miles op e ra te d ...........................................................
775
775

Gtoss earnings..........................

Operating expenses and taxes

.3,277,657
.2,527,198

3,244,759
2,336,676

Net e a rn in g s.......................
Other Incom e..............................

. 750,459
.
49,532

908,083
8,079

T otal.......................................
Interest charges, e t c ..................
Rentals.........................................

.
.
.

799,991
833,792
14,116

916,162
880,308
14,233

Total paym ents...................
Balance..... ....... .....................
—V. 62, p. 778.

. 847,908
def.47,917

894,541
Sur.21,621

M ilw a u k e e E l e c t r i c R a i l w a y & L i g h t C o m p a n y . .
( O fficial S ta te m e n t J.
G e o r g e R . S h e ld o n , C h a irm a n o f b o a r d o f d ir e c to r s , h a s
w r itte n a le tte r t o J. P . M o rg a n & C o . f r o m w h ic h th e f o l l o w ­
in g fa c t s a r e t a k e n :
T h e c o m p a n y w a s in c o r p o r a t e d u n d e r th e la w s o f W is c o n s in
in J a n u a r y , 1896, a n d o w n s a ll th e assets, p r o p e r ty a n d fr a n ­
c h is e s fo r m e r ly b e lo n g in g t o th e fo ilo w in g - n a m e d c o m p a n ie s :

[VOL. L X II.

M ilw a u k e e S tr e e t R y . C o ., M ilw a u k e e C ity R R . C o ., C r e a m
C ity R y . C o ., W e s t S id e R a ilr o a d C o ., M ilw a u k e e E le c t r ic R y .
C o ., M ilw a u k e e & W h ite fis h B a y R y . C o ., B a d g e r I llu m in a t ­
in g C j ., E d is o n E le c tr ic I llu m in a t ih g C o ., o f M ilw a u k e e ,
M ilw a u k e e E le c t r ic L ig h t C o. a n d M ilw a u k e e A r c L ig h t &
P ow er C o.
| R a il w a y D e p a r t m e n t . — T h e c o m p a n y o w n s a n d o p e ra te s a ll
p th e stre e t r a ilw a y s in th e c i t y o f M ilw a u k e e . T h e s y s t e m is
c o m p r e h e n s iv e , w e ll la id o u t a n d c o m p le t e . I t is a ll o p e r a te d
b y e le c t r ic it y , w it h th e e x c e p t io n o f t h e M ilw a u k e e & W h it e fish B a y s u b u r b a n liD e, th r e e m ile s in le n g t h , u p o n w h ic h
stea m d u m m ie s a r e u s e d . T h e e le c t r ic in s ta lla tio n w a s c o m ­
p le te d e a r ly in 1894.
T h e p o w e r f o r r a ilw a y t r a c t io n , f o r in c a n d e s c e n t lig h t in g
a n d f o r in d u s tr ia l p u r p o s e s is s u p p lie d fr o m a la r g e c e n tra l
s ta tio n situ a te d in th e h e a r t o f th e c it y o n t h e M ilw a u k e e
R iv e r fr o n t . A n in d e p e n d e n t s t a t io n is m a in ta in e d to su p p ly
p o w e r f o r th e p u b lic lig h t in g o f th e c it y streets a n d f o r c o m ­
m e r c ia l a r c lig h t s . T h e c o m p a n y a ls o o w n s a s m a lle r p o w e r
sta tio n f o r r a ilw a y t r a c t io n , w h ic h is k e p t in r e s e r v e . T h e
le n g th o f th e s y s te m is 125 m ile s . T h e e q u ip m e n t c o n s is t s o f
173 c lo s e d , 30 c o m b in a t io n a n d - 140 o p e n c a r s . M ost o f th e
e q u ip m e n t is n e w a n d o f th e m o s t m o d e r n ty p e .
L ig h t in g D e p a r t m e n t .— T h e c o m p a n y o w n s a ll o f th e lig h t ­
in g p la n ts an d in s ta lla tio n s in th e c it y o f M ilw a u k e e w it h the
t in g le e x c e p t io n o f th e s o c a lle d P a b s t p la n t , w h ic n h a s n o t
b e c o m e a s e r io u s c o m p e t it o r . T h e c o m p a n y has s u c c e e d e d to
a c o n t r a c t w it h th e c it y f o r t h e lig h t in g o f its stre e ts , w h ic h
w as r e n e w e d o n D e c e m b e r 15, 1895, f o r th e p e r io d o f fiv e
y e a rs fr o m th a t d a te. T h e p re s e n t v o lu m e o f th e lig h t a n d
p o w e r b u sin ess o f th e c o m p a n y is s h o w n b y th e fo l l o w i n g
sta te m e n t as o f F e b r u a r y 1, 1896: C it y a r c lig h ts , 1,012; c o m ­
m e r c ia l a r c lig h ts , 706 ; in c a n d e s c e n t lig h ts , 30,846 ; m o to r s ,
h orse p o w e r , 607 ; th e e q u iv a le n t o f to ta l o u t p u t in 1 6 -ca n d le
p o w e r in c a n d e s c e n t lig h t s b e in g 55,313.
E a r n i n g s .— T h e e a r n in g s o f t h e r a ilw a y a n d lig h t in g d e ­
p a r tm e n ts , s e p a r a te ly a n d c o m b in e d , f o r th e c a le n d a r y e a r s
1894 a n d 1895, a re s h o w n in th e fo l l o w i n g t a b le :
Iear 1895--------,--------- Tear 18 94-

Gross
earnings.

R ailw ay.............$1,315,903
L igh tin g...........
231,074

Net
earnings.

$187,375
101,121

Gross
earnings.

$1,147,683
206,482

Net
earnings.

$ 3 5 1 ,2 4 9
84,8 21

C om b in ed ... $1 ,547,037
$588,496
$1,354,165
$436,070
T h e n resen t f i x d a n n u a l in terest c h a r g e s o f th e c o m p a n y
are $350,000.
It has n o lea ses, g u a r a n t ie s o r o t h e r fix e d
c h a r g e s o f a n y k in d . P r o v is io n is m a d e in the m o r t g a g e f o r
th e p o ssib le issu e c f an a d d itio n a l m illio n d o lla r s o f b o n d s ,
f o r c e r t a in p u rp oses th e r e in d e fin e d , th e in t e n t io n b e in g t o
c r e a te a r e s e r v e c a p ita l a g a in s t th e f u t u r e g r o w t h o f th e
b u sic ess.
F o r th e first th ree m o n t h s o f 1896 th e g r o s s e a r n in g s o f th e
e n t ir e sy s te m w e r e $376,218, a n in c r e a s e o f $49,611 o v e r s a m e
p e r io d o f 1895. a n d n e t e a r n in g s w e r e $138,776, a n in c r e a s e o f
$36,833, o r 36'1 p e r c e n t.
I n th e a b o v e sta te m e n ts th e ite m s o f t a x e s , in s u r a n c e , a c c i ­
d e n t d a m a g e s a n d g e n e r a l e x p e n s e s a re in c lu d e d in th e o p e r ­
a t in g e x p e n s e s th a t h a v e b e e n d e d u c t e d to d e te r m in e th e n e t
e a r n in g s .
C a p it a liz a t io n .— T h e c o m p a n y ’s c a p ita l s t o c k is : P r e fe r r e d ,
$3,500,000 ; c o m m o n , $3,500,000. T h e p r e fe r r e d c a p ita l s t o c k
is e n title d to r e c e iv e n o n -c u m u la t iv e 6 p e r c e n t d iv id e n d s ,
w h e n e a r n e d a n d d e c la r e d in a n y y e a r , b e fo r e a n y d iv id e n d s
a r e d e c la r e d u p o n th e c o m m o n s t o c k , a n d its b o n d s a re : C o n ­
s o lid a te d m o r t g a g e 5 p e r c e n t 30 -y ea r g o ld b o n d s , m a tu r in g
F e b . 1 ,1 9 2 6 , $7,000,000, o f w h ic h h a v e b e e n r e s e r v e d to r e tir e
p r io r lie n s c o v e r in g 55 m ile s o f t r a c k $1,500,000, a n d f o r a d d i­
tio n s , e t c ., $1,000,000. T h e r e m a in in g $5,500,000 a r e o u t ­
s ta n d in g . T h e c o n s o lid a t e d m o r t g a g e (C e n tr a l T ru st C o. o f
N e w Y o r k , tru ste e ), c o v e r s a ll t h e p r o p e r t y o f th e c o m p a n y
a n d a ll its r ig h ts a n d fr a n c h is e s n o w o w n e d a n d th a t m a y
h e r e a fte r b e a c q u ir e d , e x c e p t c e r t a in d e s c r ib e d r e a l e sta te
w h ic h is n o lo n g e r r e q u ir e d f o r th e u s e o f th e c o m p a n y . I t
is a first lie n u p o n th e m a in p o w e r h o u se a n d u p o n a b o u t 70
m ile s o f r a ilw a y , u p o n n e a r ly all th e e q u ip m e n t , u p o n th e
u n d e r g r o u n d s y s t e m , a n d u p o n a ll th e lig h t in g p la n ts a n d
fr a n c h is e s , as w e ll as u p o n a la r g e p a r t o f th e r a ilw a y fr a n ­
c h ise a n d u p o n a la r g e a m o u n t o f r e a l e s ta te .— V . 62, p. 779.
E le c tr ic S to ra g e B a tte ry .
( R e p o r t f o r th e y e a r e n d in g D e c 31, 1895. J
A t th e a n n u a l m e e t in g o n W e d n e s d a y th e f o llo w in g s ta te ­
m en t w as m ad e :
Gross receipts fo r the year $328,231; profit $ 1 2 4 ,7 3 3 : general ex ­
penses $123,969. Before 1895 tile storage battery litlgatio'n anti the
wide distribution of the control of the m any patents made the manu faoture o f batteries a practical impossibility) these diihoulti-s were
rem oved at the end o f 1894, and the Elec tric Storage B attery Co. now
o w l s nearly 900 patents on batteries. I n the first year of its existence
the com pany hasrtoneagros3bu9ine8sor$323,231,outo£w hiehw asreal
ized sufficient profit to pay all expenses anil chare a, which were neces­
sarily heavy on account o f the difficulty of introducing something not
only entirely new butthoroughly decried becau seof previous failures
in the same line. The business ot the company in the five mouths of
the present year has grown to $415;0uO, with expenses no larger than
last year. I f the receipts continue at the same rate tor the remainder
o f the year—aod it is a fact that, they are g row ing dail y—the com pany
w ill have earned nearly 5 per cent on its com m on stock.
The character of the business done so far has been mainly for cen­
tral stations and large buildings, with a g ood sprinkling ot telegraph,
telephone and other lighter work. An important, new field i 3 now
opening in connection with trolley lines, the storage batteries being
used as auxiliaries to that system, the first installation o f the kind on
a large scale in this country beiug on the lines of the Union Traction
Company o f Philaaolphia. The m ost im portant contract so far made
is witli the Hartford Elect, ie Light Company, and when com pleted it
will oe the largest single installation in the world.—V. 59, p. 1058

THE CHRONICLE.

J une 6, 1896.]

GEN ER AL

IN V E S T M E N T

NEW S.

Reorganizations, E t c . — Latest Data as to Defaults, Re­
organization. Plans. Payment o f Overdue Coupons, m e .—
i l ! tacts o f this nature appearing since the publication of Che
last issues o f the IsvEsrons’ and Stkebt Ra il w iv Supple­
ments may be readily found by means of the following index.
Tins index do-s not include matter in to-day’s Cfihosicle.
y g r For some minor companies see also index in Chronicle
o f Mag IS, p. 007.

1089

Requirements o f System—The requirements of the system,
to meet which the certificates were partly asked, are:
Repairs of oars and locomotives.......... ................................... $1,050,898
Air brakes and autom atic cou p lers...............................................

409,851

Slew steelrails ($47s,000), bridges ($440,000), tunnels and
masonry ($75,000), total ............................................. ........... 990,000
Straightening seven curves ($75,000). change of line at
Myer’s Hole (#40,000), at Doe Gully grade ($20,003)......... $135,000
Dock and yard facilities at Locust Point, Biltim ore............... 165,000

Mr. Little's Report.— Mr, Little is now engaged iu writing
a report of the results of his examination of the Baltimore' <fc
Ohio books. The committee says that in due course the report
R ail b o a o and Mxscel. C o ’s (Con.) will be made public,—V, 63, p. 987.
K .u u s o v iis a s p M xsoel . Go ’ s .
Volume. 8 2 —
P a ge.
YoLunm 62—
Pn.ae.
A kroo .4 Cfeie, Jane. fB.& 0.>.coup. S30’ Norf. Albem, & A tl.. .rmrg. 77’*; sold 009
Boston & Lowell R R.—Special Meeting,—A special meetAm . W ater Work a ( O m a b old 087 Norfolk & Western .. .depusUx 821, 009
Baltimore Belt iB . A O.t........ m ap. $20
................coups. <5o ih gof the stockholders will be held June 10 : (1) To authorize the
do
do
Baltimore & S . V. fB. & O.) ..am p. *80 North era Pacific. . . . . . . . . fared. 822, 990 issue of §750,000 four per cent 30-year bonds to be dated -July
do
do
.............reara.779, 870
B altic Oliio -r m r e e v . ctfwJHB. 08?
James Riv. V a lle y ........... rmrj. © 9 1,1896, for the purpose of refunding bonds for like amount
do
. . . . . . . . ,cowp3'2*\ 981
Cedar F a lls h Minnesota__ ...sale 8 tl
Spokane &■ Palouse. . . MlHement 990 due on the first of July, 1896; (2) to confirm the action of
Central Br. Uitkm Pacific .. . .rmrp. y08 Ogd ensb. A Sj*Cham plain. mu *».80S, 918
Oregon Im provem ent......... .p ita 090 the dir-etors in issuing §500,000 30-year 4 percent bonds
C eifiiii Vermont . . . . . . . . 0S7
Ores. Ohio & Southwestern., .map. 888 Oregon Short Line at t'.N.c»>up.?»9, 870 dated March 1, 1895, for the purpose of refunding bonds for
Utah & Na.. -emtip.bfm&z(k >pups. 910
Chicago4c W est Michigan. ...coup. 778
Choctaw Oklahama A Gulf., .rtorg. 821 Philadelphia A Mmd.fared822,950, 989 like amount due March 1, 1895.—V. 63, p, 830.
Cfev*. Term. 4 Yal. fB. * O.) .coup. S20 Pittsburg A W estern .d:f. 820, com. 822
( ’algary & Edmonton Ry,—Agreement with Canadian Pa­
Coloinbiw Sand. & H ock.......coups. 94ft Port Royal A A u gu sta ..........feoie 950
Denison A N orthern... .recpr'jutfa. 908 Oniney Omaha &■ R. C.. .atjreenienf. 822 cific.—A letter has been addressed by the chairman of this
Dsitith A W lani|>«*r.. .*oig 778, AzI. ©08 Richmond Nicholas1?. I, & B— mis 910
Grand Bap Ida 4 im tiasa..........salt 821
St. Joseph 4 Or. Isrd .p iin .:8 l,S *0 , 950 company to the 6 per cent first mortgage bondholders having
Green Bay W inona & St. P.
St. Lotus & San F ___plan. SOI, 822, 82© reference to an agreement which has been entered into with
Do
do
.,. .recvrshlp. 870
..mid. 008
Inter oceanic By. <if Mexic
reonj. 949 Seattle Lake Sh- <fe YAst.reorg.7Hfi. 870 the Canadian Pacific for the working of tbe Calgary road
Jackson r . Loafer, & St. L.
do
do
. . . . . . . mid 950 from the first July next. A copy of the circular, together
(£779, 90S
Do
Union Pacific..-............... coup. 871, 9»0
-.r« V.
821 United States Cordage. ,farceL.Hf%, 089 with the agreement, can be obtained from Morton, Rose <fc
Jacksonville Tampa i K . W „
Kaasasi City & Omaha... . . . . . ,re#rg. 80
Co., London. See Canadian Pacific report, V. 63, p. 638.
St r e e t R ail w a y s .
Little Rock. A M em phis.............mle •'“ *
CenuWlftOcm. Klee...Ostikoshi.rar.pr. 048
LoixbvBfe St. L. A T exa s. . . . . .sol L
Cedar Falls & Minnesota HR.—Illin ois Central R R .—
Marietta A North Georgia jti
1,
Lake St. i 2
!eVafc|*4 (€-&feaco i.dfu pm. 1*4U
m i Sold iii Foreclosure.—At foreclosure sale on Monday the
Memphis A Charleston... .pton.821, *4fia XtflncaMfaai- t p * j St
do
do
,, ,r.*f>ry.77o, W Naabrille' TractIfW
.......nor,,. w o Cedar Falls & Minnesota was purchased for $600,000 by J. S.
. . . . . . . mle m i
Meriden Waterhwry & Conn.. .«hf< 9*0 , t a t t l e Clitv Hr
Mexican Natl... B y .... readjustnurnt mMt Syrauust* Street Itoiids.,,
050 Hannah, representing the Illinois Central RR., which holds
New’fc Son»*t <4 St raifev.<B .AO.) dr/. 820 *
over 90 per cent of the $1,377,000 bonds.—V . 63, p, 821, 988.
Chesapeake Ohio & South Western RR.—Illin ois Cen­
Baltimore & Ohio RR.—Receivers’ Certificates—Purposes
fo r which the $5,000,000 mag be issued.— Che order of the tral RR.—Foreclosure Decree—One Receiver.—Judge Lurton
Court now at hand makes clear the fact that noae of the re­ at Louisville to-day is expected to order the foreclosure sale
cently authorized issue of receivers’ certificates are to be ap­ of this road, the sale to take place probably in July, The
plied to the payment of interest on bonds, the order stating reorganization will therefore be effected at an early date and
tbe road speedily merged in the Illinois Central system. On
that they shall be applied :
Sunday, May 31, through train service over the two roads
X. IV pay all Indebtedne-** of th» B. A O. incurred for material and
was inaugurated between Louisville and New Orleans.
bqpoM... crstlX: Account- .md the eurraot operation of its system of
railroad., which, by the seonntl -.-etltMi of the order of Feb. fix, isOti. Col. St, John Boyle, it is understood, will hereafter act as sole
the w edtery wore authorised to p t y out of their meome. and to retm- receiver of the C. O. & S, W . and also as general manager
bum: the rooelrer- tire .mu » i> p lfl t»f them to the payment of such in the place o f the late Gen, John Echols.—V.62, p, 988.
ladsfitedn-1'* a to file pre)mltoe of their own obfigatloUa, which sum
amounted May 1st to $900,072.
Central Pacific M l.—Extension o f .$J,38$,000 Bonds, Due
2, To pay for the restoration o f the rniUmt stack and e<fUtpinon! ofJuly L 189(),—This company offers to extend its $3,383,000
the railroad eotnoany, and for the purchase o f oe w steel rail and the
renewal at bdd^es, tumiel- ami masonry on the railroad and property, first mortgage bonds, maturing July 1, 1896, till Jan. 1. 1898,
on whiejt the receivers! cert ideates constitute a tint ilea.
with interest at 5 per cent per annum, principal and interest
The right is
Tbe receivers’ certificates are decreed a prior Hen ahead of payable in United States gold coin.
all mortgages on the main line between Baltimore and reserved to redeem the bonds so extended at any time on
Wheeling, including the terminal facilities in said cities, and paying the face value of the bonds and interest thereon
also tbe braneh-s connected therewith (known as the Locust at the rate o f 6 per cent per annum from July 1, 1896,
Point, Curtis Bay, Metropolitan, Frederick and Bsnwood in United States gold coin, less such interest accrued as may
branches, the Parkerburg and Ben wood bridges, and all have been paid thereon. Bondholders to avail themselves of
equipment franchises, leasehold estates, etc. As previously the extension must deposit their bonds prior to June 30, 1896,
stated the certificates bear 6 per cent interest, are payable with Messrs. Speyer & Co , New York, or with Messrs.
June l, 189®, and are redeemable after June 1. 189?, on thirty Speyer Brothers, London, or Mr, Laz. Speyer Ellissen, Frtnkdays’ notice, their principal and interest being piyabie in fort-on-Main, or Messrs. Teixeira de Mattos Brothers, Amster­
gold. Four hundred of them art* for $10,000 each ; 160 for dam. The present extension is made to the date of maturity
of the latest maturing Central Pacific first mortgage bonds,
$5,000 each and SCO for $1,000 each.
The 18,400,000 of (5 per cent car trust certificates, it is now on or before which date the company expects to arrange a
stated, will be ready for distribution among the purchasers long extension of the entire first mortgage issue. See
notice in another column,—V, 63, p. 823,
June 23,
Deposits o f $t o f 1886-1925.—The firm of Speyer & Co., re­
Chattanooga Southern Ry.—Reorganization Notice.—The
ferring to its previous notice, announces that the time reorganization committee announces that depositing bond­
during which it will receive deposits of the 5 per cent bonds holders who fait to pay the unpaid instalments of sub­
scription on their bonds on or before June 20 will be for­
o f 1923 (loan of 1885} has been extended to July 1, 1896.
Company's Operating Indebtedness, Etc.—The printed peti­ ever barred in respect of such bonds from all participation in
tion of tbe receivers, whiah accompanies the order of the tbe benefits of the reorganization plan. Judge Newman at
Court regarding receivers' certificates, makes it necessity to Atlanta has held the company liable for $19,379 to Carter &
modify somewhat the statement regarding the floating debt Rogan.—V. 63, p. 157.
as previously reported, {C hronicle of May 38, p. 018) The
Chattanooga Rome & Columbus RR.—Receivers' Certifi­
statement, it appears, covers merely the company 's indebted­ cates.—Receiver E E. Jones has been authorized to issue
ness of March 1 growing out of the operation of the road, in­ §15,000 receivers’ certificates for current debt. —Y, 61, p. 1154.
cluding traffic balances, taxes, insurance, wages, materials
Chicago & Eastern Illin ois R ’l l — Earnings, —For the first
and supplier,, to pay which so far as it remains unprovided
for the present receivers’ certificates are in pirt authorized. ten months of the fiscal year earnings have been as follows :
July 1
dross
Ifel
Fixed
Balance,
This indebtedness ia described as follows:
o o x F U ft'i oPBitATiNo nii>.nm>sK»s march l, 1896.
Bit)- payable aad olapna audited to May t , ..... ................. . 83,6X2,711
Additional claims not fully ascertained, about...... .............
500,000
Pay rolls for February ........................................... ..............
866,801

to Aj.n l 30—
earnings.
1895-96................ $3,474,330
X891-95......... .
3,124,732
- V . 62, p. 988.

earnings.
$1,543,079
1,151,640

charges.
$1,03s,018
1,003,341

surplus.
$5X0,063
148,299

Chicago a Northern Pacific R R .—Decree o f sale expected
Total operating debt........... .............. . . . . ..... ......... . $1,999,542 shortly.—It is expected that the decree for the foreclosure sale
will be entered some time this month. Good progress has
been made in arranging contracts, tbe income from which
will be the basis for the reorganization plan,—V . 62, p. 908.
Chicago Rock Island & P a c i f i c R K .—Annual Meeting.—
The following facts as of May 1 ore also furnished :
At the annual meeting at Chicago on Wednesday F. PI.
Negotiable paper of the company. Including endorsements,
Griggs of Davenport, Iowa, was elected a director to succeed
held by banka,individuals", etc ... ...................................$9,500,000
For which are pledged substantially all the securities
the late Judge Wright, of Das Moines. The directors whose
owned by tile company, these having bean estimated by
terms expired were re-elected. The old officers were re-elected
an expert viortly before the appointment of receivers
as worth about.. . . .. ........... . .. . . . . . . . .
........ .
18,000,000 as follows: President, Ii. R. Cable : First Vic i-President,
The defaults of interest and rental obligations have thus far Benjamin Brewster, New Y o rk ; Second Vice-President,
Treasurer and Secretary, W, C. Purdy ; Third Vice-President
been as follow? (tip to May 20, 1896);
Loan of 1372 s. ................$293,400 IAir. & Cb. Junction.............$50,000 and General Manager, W , S. Truesdale. The executive com­
Loan of 1874 A ............... 293.400 central Ohio 4%b............... 56,250 mittee remains the same as last year. On subsequent pages
Phil*. Division 4 4 , ...... 264.060 1New. 3om & Straits........... 20,000 of this issue will be found the annual report for the late fiscal
Parkersburg branch. ... 90,000 i Stra-* & Harrisonburg .. . 44.625 year, and on a preceding page the comparative figures for
Baltimore Belt .4*.......... 150,000!
-------- 7
four years past.—V, 62, p, 989.
Total (including coupon, purchased by bankers)............$1,261,735

Of tbe above there remain- unpaid May 1 about......... ...... . .$2,847,080
In addllb’U {bare is doe tbe receivers for disbursements on
account of sold debt in exce*- o f the amount received
from the company applicable thereto ............................ .
$308,072

1040

THE CHRONICLE,

Cincinnati Inclined Plane Ry .— C o n s o lid a te d M o r t g a g e
C o m m itte e .— A c o m m it t e e c o n s is t in g o f J o h n S tite s (C h a ir
m a n ), G e o r g e A . R o b in s o n a n d A l e x . P . H u m p h r e y , r e p r e ­
s e n tin g t h e c o n s o lid a t e d b o n d s , ca lls f o r d e p o sits o f th e c o n s o ls
w it h th e F id e lit y T ru st & S a fe t y V a u lt C o . o f L o u is v ille u p
t o a n d in c lu d in g J u n e 10.
S tock h old ers' C o m m itte e .— T h e C o lu m b ia F in a n c e & T ru st
C o. o f L o u is v ille , a lso a c t in g fo r th e s t o c k h o ld e r s ’ c o m m it t e e ,
•will r e c e iv e d e p o sits o f s t o c k to a n d i n c lu d in g th e s a m e d a y .
— V . 62, p . 683.
Consolidated I c e Company — E le c tio n .— A t th e a n n u v l
m e e tin g o f s t o c k h o ld e r s o f th e C o n s o lid a t e d I c e C o m p a n y a t
P o r t la n d , M e., th is w e e k , th e o ld b o a r d o f d ir e c t o r s w a s r e ­
e le c te d as f o l l o w s : W . J . A r k e ll, N . H . C a m p b e ll, G . R .
D a v id s o n , J . G r e e n o u g li, W . H . G e ls h e n e n , A l f r e d M . H o y t ,
C . W . M orse, R o b e r t M a c la y , H . F . M orse, H e n r y W . P o o r
a n d T h o m a s S tu r g is .— V . 62, p . 908.

Denver & Rio G r a n d e R R .— D iv id e n d o n ] P r e f e r r e d .— T h e
c o m p a n y h a s d e c la r e d a d iv id e n d o f 1 p e r c e n t o n it s p r e ­
fe r r e d s to ck .
President Jeffery is quoted as saying: “ The general conditions
throughout Colorado are showing im provem ent over those o f the
spring of 18 )5, both in the ruining districts and the agricultural v a l­
leys. This is perhaps best evidenced by the fa ct that the gross earn
ings o f the Denycr & Eio Grande R n lr o a i system, w hich comprises
nearly half the railroad mileage o f the State, in cre a se ! m ore than
$500,000 in the first ten months o f the present fiscal year. The co m ­
pany’s surplus, after providing for ten m ouths' in'erest on the f unded
debt, a corresponding p roportion o f taxes and paying 1 p e rc e n t d iv ­
idend on the preferred stook last January, is a little over $500,000,
being nearly equal to the surplus for the entire fiscal y ear ended June
30 ,189 5. There is a great deal o f interest being shown in p r o s p e c t -.
ing for gold throughout the mining districts o f the 8tate, and s ich
camps as Cripple Creek, Silverton, Telluride and others I need not
name are in a very prosperous condition.” - Y. 62, p.869.
Erie Telegraph & Telephone.—N ew B o n d s .— A sp e c ia l
m e e tin g o f s t o c k h o ld e r s w ill b e h e ld J u n e 9 t o a u th o r iz e th e
issu e o f n o t e x c e e d in g $4,000,000 5 p e r c e n t 3D -year b o n d s , to
b e s e c u r e d b y m o r t g a g e o f sh ares o f th e c a p ita l s t o c k o f th e
c o m p a n ie s o w n e d b y th e E r ie C o m p a n y .
P re s id e n t S p ra g u e is q u o te d as s a y in g :
The large demand for telephone extensions and rapid grow th o f
business necessitates increasing oapital stook o f three sub com panies
in w hich this com pany owns a controlling interest. To obtain funds
to purchase proportionate amount o f new stook allotted to this c o m ­
pany it is necessary to issue bonds. Y our directors h iye deem ed it
wise to make provision for the future and have authorized an issue o f
$4,000,000.—V. 62, p. 275.
F t . Worth & Denver C it y R y . — J u n e C o u p o n ~ -T h e r e o r g a n ­
iz a tio n p la n p r o v id e d fo r th e p a y m s n t in c a s h o f 4 p e r c e n t
o n th e c o u p o n d u e J u n e 1, 1896. T h e d e la y in t a k in g th e
c o m p a n y o u t o f th e r e c e iv e r ’ s h a n d s w ill n e c e s s ita te m a k in g
a p p lic a tio n to th e C o u r t f o r a u th o r it y to m a k e th e p a y m e n t,
I t is s a id th e r e c e iv e r m u st h a v e a m p le fu n d s f o r th 9 p u r p o s e .
— V . 62, p . 233,

General Electric.—Westinghonse E lectric & Maanfac
taring. — T h e b o a rd o f c o n t r o l is r e p o r t e d t o h a v e c o m p le t e d
th e w o r k o f se ttlin g a ll t h e p a t e n t su its i n w h io h t h e t w o
c o m p a n ie s h a d e n g a g e d , n u m b e r in g m o r e t h a n th r e e h u n ­
d re d . VV. D . U p d e g r a ff, p r iv a t e s e c r e ta r y to G e o r g e W e s tin g h ou se , J r ., sa y s th a t u n d e r th e n e w a r r a n g e m e n t th e b o a r d o f
c o n t r o l, c o n s is t in g o f C . A . C o ffin , P r e s id e n t o f th e G e n e ra l
E le c tr ic ; F . D . F ish , its G e n e ra l C o u n s e l ; G e o r g e W e s t in g h o u se , J r ,; P . D , C r a v a th , o f N e w Y o r k , c o u n s e l f o r th e
W e s tin g h o u s e C o ., a n d F . B . T h o m a s , o f N e w Y o r k , w ill
e n te r su its a n d p r o s e cu te f o r b o t h c o m p a n ie s . T h e a g r e e ­
m e n t as to c o m m o n u se o f p a te n ts it is u n d e r s t o o d w e n t in to
e ff e c t J u n e 1.— V . 62, p . 689, 780.

Georgia & Alabama Ry.— A p r i l E a r n i n g s .— T h e a c t u a l fig ­
u r e s fo r th e m o n t h o f A p r il s h o w e v e n b e tte r th a n th e e sti­
m a te d resu lts, th e g ro ss e a r n in g s b e in g $59,873, c o n t r a s tin g w ith
$32,971 fo r th e sa m e m o n t h in 1895. O n A p r il 1 t h e c o m p a n y
b e g a n o p e ra tin g a t h r o u g h lin e to S a v a n n a h , b u t, o n th e o t h e r
h a n d , th e A lb a n y F lo r id a & N o r th e rn , 35 m ile s ,w h ic h w a s in ­
c lu d e d la st y e a r , is n o lo n g e r in th e s y s te m , so th a t th e in c r e a se
in m ile a g e is o n ly f r o m 300 to 340 m ile s, o r 14 p e r c e n t , w h ile
th e in c r e a s e in g r o s s e a r n in g s is 81 p e r c e n t , th e e a r n in g s fo r
A p r il, 1896, b e in g th e la r g e st f o r a n y m o n t h in th e h is to r y o f
th e r o a d .—V . 62, p . 635.
Green B a y Winona & S t. Paul R R .—S a le C o n fir m e d .— A t
M ilw a u k e e , J u n e 1, J u d g e S e a m a n c o n fir m e d th e fo r e c lo s u r e
sale, a n d d ir e c t e d th e M aster t o p a y $165,000 o f th e p u r c h a s e
l ic e , less 35 p e r c e n t , in t o C o u r t, t o p r o t e c t t h e in te re sts o f
tr. M o w r y in ca se h e se c u r e s a fa v o r a b le d e c is io n f r o m th e
C o u r t o f A p p e a ls r e g a r d in g h is $105,000 o ld first m o r t g a g e
b o n d s .— V . 62, p . 908.

S

G u l f & Inter-State R y .— N e a r ly C o m p le te d .— T h is r o a d is
e x p e c te d t o be in fu l l o p e ra tio n b e tw e e n G a lv e s to n , P o r t B o li­
v a r a n d B e a u m o n t, a d is ta n c e o f 70 m ile s , b y J u n e 15. A t
B e a u m o n t c o n n e c t io n w i l l b e m a d e w it h th e G u lf B e a u ­
m o n t & K a n sa s C ity w it h th e S o u th e r n P a c ific a n d w it h th e
K a n sa s C ity P itt s b u r g & G u lf , n o w in c o u r s e o f c o n s t r u c ­
t io n .— V . 62, p. 40.
H o b o k e n F e r r y .— N ew M o r t g a g e .— T h e c o m p a n y , b y its
P re s id e n t, E d w in A , S te v e n s, a n d S e c r e t a r y , C h a rle s W .
W o o ls e y , has m a d e to th e U n it e d S ta te s M o r t g a g e & T ru st
C o m p a n y , as tru ste e , a m o r t g a g e fo r $4,500,000, c o v e r in g a ll
its p r o p e r ly r ig h ts , p riv ile g e s a n d fr a n c h is e s , in c lu d in g th e
leases o f th e C h r isto p h e r an d B a r c la y S tr e e t fe r r ie s , a n d all
th e w h a r fa g e an d c r a n a g e o f th e p r o p e r ty 142, 143, 144, 145,
146 a n d 147 W e s t S treet. T h e b o n d s s e c u r e d b y th e m o r t g a g e
are 50 -year 5 p e r ce n ts.

[V ol. LXUi

H o u s t o n E a s t & W e s t T e x a s R y .— S ale o f S to c k
and
B o n d s .— M essrs. B la ir & C o . o f N e w Y o r k h a v e p u r ch a s e d
f r o m th e e sta te o f th e la te E . S . J e m is o n , w h o w a s th e P r e s ­
id e n t o f th e c o m p a n y , a c o n t r o lin g in te re st in t h e s t o c k and:
a la r g e a m o u n t o f th e b o n d s . I t is sa id t h a t th e r o a d r e ­
q u ire s th a t a c o n s id e r a b le a m o u n t o f m o n e y s h a ll b e s p e n t
u p o n it , a n d th a t it w ill be n e c e s s a r y to r e a d ju s t its c a p it a l­
iz a tio n .— Y , 62, p . 821.
K a n s a s C it y & O m a h a R y .— F o r e c lo s u r e S a le J u ly 8 .— Th&
sa le o f th is r o a d is a d v e r tis e d to ta k e p la c e J u ly 8 a t Y o r k ,.
N e b . N o b id f o r less th a n $150,000 w ill b e r e c e iv e d .
R e o r g a n iz a t io n P l a n .— I n v ie w o f t h e a p p r o a c h in g sa le a
r e o r g a n iz a tio n c o m m it t e e , c o n s is t in g o f E . C . B e n e d ic t, I s id o r
W o r m s e r , A n t h o n y J . T h o m a s , T h o m a s B , W illia m s , S . L .
P a rris h a n d E . E lle r y A n d e r s o n , g iv e s n o t ic e t h a t a p la n h a s
b e e n fo r m u la t e d f o r th e p u r c h a s e o f th e p r o p e r ty . C o p ie s o f
a c ir c u la r r e g a r d in g th e p la n c a n b e o b ta in e d f r o m t h e C e n ­
tral T r u s t C o . O n ly th o s e b o n d h o ld e r s w h o a ssen t t o th e p la n
a n d p a y th e a ssessm en t o n o r b e f o r e J u n e 20 w ill b e e n title d
to p a r tic ip a te , e x c e p t in th e d is c r e t io n o f t h e c o m m it t e e o n
p a y m e n t o f p e n a lt y .— V . 62, p . 869.
K in g s C o u n t y E le v a t e d R y , — Q u a r t e r l y .— E a r n in g s f o r
th e q u a r te r a n d th e n in e m o n t h s e n d in g M a r ch 31 h a v e b e e n
r e p o r te d as fo llo w s . T h e strik e o n th e s u r fa c e lin e s in J a n u ­
a r y , 1895, la r g e ly in c r e a s e d th e e a r n in g s o f th e e le v a t e d r o a d s
in th e M a r c h q u a r te r o f la st y e a r .
3 months Gross
Net
Other
Interest,
Balance,

end. Mar.31 — earnings. earnings.

income, tixes.de.

sur ord tf.

1396............... $1.97,555 $62,032
$4,108
$94,095
d ef.$27,955
1895.............. 245,237
107,912
2,750
89,237 sur. 21,425
9 months —
1895 93......... $580,277 $194,195
$10,663 $273,904 del.$59,046
1894 95......... 590,103
215,559
6,785
267,186 de£. 44,842
L o a n s a n d b ills p a y a b le M a r c h 31, 1898, $235,200, a g a in s t
$175,020 in 1895. T h e u n e a r n e d s e c o n d m o r t g a g e in t e r e s t
fu n d e d a m o u n ts to $689,347.— V . 62, p . 908.
L a k e S t r e e t E le v a t e d R R .— F o r e ig n T r u s t C o m p a n ie s in
I llin o is M u s t D e p o s it $£00,000 in S e c u r itie s .— A t C h ic a g o o n
T h u rs d a y J u d g e P a y n e e n te r e d a d e c r e e r e m o v in g th e
F a r m e r s ’ L o a n & T ru s t C o. o f N e w Y o r k f r o m t h e o f f i ie o f
m o r tg a g e -tr u s te e b e c a u s e o f fa ilu r e to c o m p ’ y w it h t h e
C o u r t’s o r d e r o f T h u r s d a y , M a y 28, t o d e p o s it $300,000 in
se c u r itie s w it h t h e S ta te A u d it o r . D o m e s tic tru st c o m p a n ie s
a re r e q u ir e d to m a k e s u c h a d e p o s it , b u t f o r e ig n c o m p a n ie s ,
to w h o m t h e p r o v is io n is m o r e o f a h a rd s h ip , h a v e n o t c o m ­
p lie d w it h th e la w . A n a p p e a l w a s ta k e n . T h is is p a r t o f
th e c o n te s t b e tw e e n th e c o m p a n y a n d M r. Z ie g le r , th e c om p a n y h a v in g b r o u g h t su it t o e n jo in th e r e c e iv e r s h ip p r o ­
c e e d in g s b r o u g h t at th e in s ta n c e o f M r. Z ie g le r a n d f o r th e
r e m o v a l o f th e tru stee.
J u d g e P a y n e a lso h e ld o n M a y 29 t h a t t h e h o ld irs o f s o
sm a ll a p r o p o r tio n o f t h e b o n d s as M r, Z ie g le r r e p r e s e n ts are
b a rr e d f r o m a s k in g f o r th e a p p o in t m e n t o f a r e c e iv e r u n d e r
th e te rm s o f th e m o r t g a g e u n less it c a n b s p r o v e n in C o u r t ,
as it h a d n o t b e e n p r o v e n , tin ", th e m a jo r i t y o f th e b o n d ­
h o ld e r s a re c o n s p ir in g w it h th e r o a d t o d e fr a u d th e m in o r ity h old e rs. J u d g e P a y n e ’ s d e c is io n is t h o u g h t b y s o m e t o settle ,
fo r th e p re s e n t a t le a st, th e le g a l b a ttle s o lo n g p e n d in g .— V .
62, p. 949.
*
L e h ig h V a l l e y R R . — F i n a n c i a l S ta t u s .— T h e o ffic ia ls a r e
r e p o r te d as s a y in g t h a t th e c o m p a n y ’s fin a n c e s a r e in e x ­
c e lle n t c o n d it io n , its c o n s e r v a t iv e p o l i c y e n a b lin g it to m e e t
a ll o b lig a t io n s a n d h a v in g a la r g e su rp lu s a f t e r m e e t in g J u n e
in terest, a ll th e fu n d s f o r p a y in g J u ly in te r e s t b e in g n o w in
h a n d .— V . 62, p . 909, 950.
L o u i s v i l l e S t. L o n i s & T e x a s R y — L o u i s v i l l e H e n d e r s o n
& S t. L o u is R y .— I n c o r p o r a t i o n o f R e o r g a n iz e d C o m p a n y .—
A t L o u is v ille o n S a tu r d a y la st w a s in c o r p o r a t e d th s L o u is v ille
H e n d e r s o n & St. L o u is R y ., w h ic h , as a lr e a d y s ta te d in th is
c o lu m n , w ill issu e th e s e c u r itie s p r o v id e d fo r b y t h e r e o r g a n iz a tio n p lan o f th e L o u is v ille S t. L o u is & T e x a s R y . A vo t in g tru st w ill c o n t r o l th e n e w c o m p a n y , as s ta te d in th e p la n
in Chronicle of J a n . 18, 1896, p . 138. T n e sa le of t h e road
h a s b e e n c o n fir m e d .— V . 62, p . 869.
M a c o n & B ir m in g h a m R y .— R e o r g a n iz e d C o m p a n y .— N ew
M o r t g a g e .— A c h a r te r h a s b e e n g r a n t e d t o th e r a i lw a y c o m p a n y
w h ic h s u c c e e d s th e o ld M a c o n & B lr . R R ., a n d a m e e t in g
o f th e s to c k h o ld e r s h a s b een c a lle d f o r J u n e 3 ) to v o te o a a n
issu e o f $500,000 5 0 -y ea r 5 p e r c e n t first m o r t g a g e b o n d s .
M essrs. E d w a r d s & P a r so n s p u r ch a s e d th e r o a d a t fo r e c lo s u r e
sa le f o r $200,000, a s s u m in g $169,000 o f lea se w a r r a n ts . T h e
n e w o r g a n iz a t io n is m a d e u p o f F . M . E iw a r d s , B o s t o n , P r e s ­
id e n t; E , C . P a rson s. B o s to n , S e c r e t a r y ; J . R . L a n e , M a c o n ,
G e n e ra l M a n a g e r.— V . 62, p . 683.
M a n h a t t a n ( E l e v a t e d ) R y .— E x t e n s i o n s .— I t is s ta te d t h a t
th e c o m p a n y w ill o n T h u rs d a y n e x t p re s e n t a n a p p lic a t io n in
le g a l f o r m to th e R a p id T ra n sit C o m m is s io n f o r a u t h o r it y t o
m a k e e x te n s io n s o f its s y s t e m .— V . 62, p. 909.
M a r ie t t a & N o r t h G e o r g i a R y .— A t la n t a K n o x v i l l e &
N o r t iie r n R y .— N ew R e o r g a n iz a t io n P l a n .— T o e o ld M a rietta
& N o r th G e o r g ia first m o r t g a g e b o n d h o ld e r s a re o f f e r e d th e
p r iv ile g e o f s u b s c r ib in g to th e n e w c o m p a n y ’ s first m o r t g a g e
b o n d s — th e A tla n t a K n o x v ille & N o r th e r n — o n th e s a m e t e r m s
g iv e n th e s y n d ic a t e w h o b o u g h t in th e r o a d .
S u b s c r ib ­
ers a t p a r f o r th e n e w b o n d s w ill r e c e iv e f o r e a c h $1,000 a
b o n u s o f $1,000 in s e c o n d m o r t g a g e in c o m e s a n d $2,000 in
s to ck . T h e issues o f th e n e w c o m p a n y w ill b e $1,500,000 first
m o r t g a g e b o n d s , $1,500,000 s e c o n d n o n -c u m u la t iv e in c o m e s
a n d $3,000,000 c o m m o n s to ck . T h e fo r m e r p la n p u b lis h e d in .

J une 6, 1896.]

THE CHRONICLE.

th e C h r o n ic l e o f J a n . 11 n e v e r b e c a m e o p e r a t iv e a n d h a s
b e e n a b a n d o n e d . N e w c o m p a n ie s are n o w b e in g o r g a n iz e d in
T en n esse e a n d G e o r g ia to ta k e o v e r th e p r o p e rtie s w h i c h w ill
la te r be m e r g e d in to th e A tla n ta K n o x v i l l e & N o r t h e r n . E x ­
te n s io n s s o u t h to A t la n t a , a n d o n th e n o r th f r o m K n o x v ille
t o a c o n n e c t io n w ith th e N o r fo lk & W e s t e r n , a re p r o p o s e d .
T h e r o a d w ill a lso b e c o n n e c t e d w ith th e C h a t ta n o o g a S o u th ­
e r n . T h e m o n e y b id f o r th e M ir ie t ta & N o rth G e o r g ia at
fo r e c lo s u r e sa le is n o w b e in g p a id as r e q u ir e d b v th e C o u r t .—

V. 62, p. 869.

M e m p h is & C h a r le s t o n R R .—Deposits till June SO.— T h e
r e o r g a n iz a t io n c o m m it t e e , S im o n B o r g , C h a ir m a n , a n n o u n ce s
t h a t th e t im e f o r th e d e p o s it o f s e c u r itie s u n d e r th e p la n o f
r e o r g a n iz a t io n h a s b e e n e x t e n d e d to J u n e 2 0 t b .— V . 62, p. 949.
M ilw a u k e e E l e c t r i c B y . Sc L i g h t —Bonds O ffe r e d .— M e ssrs.
J . P . M o rg a n & C o . o f fe r f o r sa le , a t p a r a n d a c c r u e d in te r e s t ,
$5,11)0,000 o f th is c o m p a n y ’s 5 p e r c e n t 3 0 -y e a r g o ld b o n d s .
T h e se b o n d s f o r m p a rt o f $7,000,000 s e c u r e d b y th e c o n s o l i -dated m o r t g a g e , c o v e r i n g a ll th e re a l a n d p e r s o n a l esta te
o f th e c o m p a n y
n ow ow ned
and
h e r e a ft e r
to
be
a c q u ir e d .
Of
th e
a b o v e a m o u n t $400,000 a r e a lr e a d y
in th e h a n d s o f th e p u b lic , $1,500,000 a r e r e ta in e d b y
th e tru stees to p r o v id e
f o r $1,000,000 first
m o r tg a g e
b o n d s o f th e M ilw a u k e e C it y R a ilw a y C o . a n d $500,000
first m o r tg a g e b o n d s o f
th e W e s t S id e R a ilr o a d C o .,
w h ic h a re a t p resen t a p r io r lien o n th e se p r o p ?rties, w h ic h
b o n d s w h e n su r r e n d e r e d w ill be h e ld in t r u s t as fu r th e r s e c u r ­
i t y f o r th e b o n Is n o w issu ed . T h e M ilw a u k e e E le c tr ic R a il­
w a y & L ig h t C o . is fo r m e d b y th e c o n s o lid a tio n o f th e v a riou s
c i t y r a ilw a y s a n d lig h t in g c o m p a n ie s o f M ilw a u k e e . T h e
n et e a r n in g s o f th e c o m p a n y f o r 1895 w e re $588,496, s h o w in g
a s u rp lu s o f o v e r $230,000 o v e r th e to ta l fix e d c h a r g e s o f th e
c o m p a n y , le a v in g a la r g e m a r g in o f s e c u r ity f o r th e in te re st
o f th e b o n d s n o w o ffe r e d , w h ile th e n e t e a r n in g s f o r th e first
3 m o n th s o f th e p re se n t y e a r s h o w a n in c r e a s e o f 38 p e r c e a t
o v e r th ose o f th e s a m e p '-r io d o f last y e a r . T h e s u b s c r ip tio n
w ill b e t p e n e d o n M o n d a y , J u n e 9. a n d w ill b e c lo s e d o n
T u e s d a y , J u n e 9 , o r e a r lie r , o n n o t ic e f r o m L o n d o n , w h e r e a
s im u lta n e o u s issu e w ill b e m a d s b y M essrs. J . 8 . M o rg a n &
C o . S ee sta te m e n t u n d e r “ A n n u a l R e p o r ts .— V . 82, p. 779.
M in n e s o t a Sc W is c o n s in R K .— Foreclosure Sale June SG.—
T h e fo r e c lo s u r e sa le has b een a d jo u r n e d u n til J u n e 26, the
a tte m p t to sell th e p r o p e r t y in M ay h a v in g been u n s u c c e ss fu l.
T h e r o a d in c lu d e s a b o u t 22 m iles o f ro a d f r o m E m e r a ld in St.
C r o ix C o u n t y to S p r in g V a lle y in P ie r c e C o u n t y , W is ., a n d is
s a id t o h a v e o u ts ta n d in g $390,000 first m o r tg a g e b or.ds. P .
B . D e w e y , o f C h ic a g o , is th e r e c e iv e r .
N ew Y o r k A N e w J e r s e y B r i d g e .— Annual M eeting—A t t h e
a n r u al m e e t in g th is w e e k th e o ld b o a r d c f d ir e c to r s (see I n ­
v e s t o r s ' S u p p l e m e n t ) w a s re -e le c te d .
T h e a n n u a l re p o rt,
re a d b y S e c r e t a r y J o s e p h H . S w a n , s a id in p a r t :
Store my last report Important pmgrees h u been made. The loca­
tion o f the bridge ami the approaches thereto ami unloD station have
been definitely tired by the State Comnilesloner*. the Slnkimt Fund
Comm ission o f the City o f New York and the Secretary o f War.
The State Commission has under advisement a plan for a freight ap­
proach from the brldirn at Ptfty ninth Street down and atom,' the docks
o f the North River to Pier I. By that approach the railroads will be
enabled to reach the docks and toad from the car to the vessel and
also deliver to the warehouses along the line.
A plan for rabdtur the money for construction la tinder the consider­
ation o f representative men, and they are arramtlmc to form the syndi­
ca te for the t d vantafeous testotlntfon o f the bond4, out It Is deemed
best to await an Im provement to the ttoanrlal condition o f the country
before oem pletlne any dellirlte financial operations.—V. 02, p. 348.
N ew Y o r k Sc S » a B e a ch R y .— Foreclosure Sale June 11.—
T h is ro a d is to b e s o ld in fo r e c lo s u r e n e x t T h u r s d a y at th e
B r o o k ly n R e a l E d a t e E x c h a n g e .— V . 82, p. 186.
N o r f o l k Sc W e s t e r n R R .— Status o f Reorganization. — I t is
antic u n r « d th a t 99 p * r c e n t o f th e b o n d * h a v e b e e n d ep o sited
u n d e r th e p la n a n d a b o u t 90 p« r c e n t o f th e s t o c k . T h e c o m ­
m itte e is g o in g a h e a d w ith fo r e c lo s u r e p r o c e e d in g s . T h e m ain
lin e w ill h e a c id u n d e r th e 1 0 0 -y e a r m o r tg a g e a n d sep arate
p r o c e e d in g s w ill b e in stilu te d l o fo r e c lo s e th e C lin c h V a lle y
a n d th e M a ry la n d & W a s h in g t o n d iv is io n m o r t g a g e s .
Agreement as to Rates —T h e r e c e iv e r s d is c la im a n y d esire
to b re a k u p th e J o in t T r a ffic A s s o c ia tio n , b u t o n th e c o n tr a r y
t h e y sa y th e y a r e d is p o e e d to m e e t th e A s s o c ia tio n in a n y fa ir
a d ju s t m e n t th a t m a y b e p r o p o s e d . A ll th a t is n e ce ssa ry th ey
m a in ta in to th is e n d is th a t th e ir ju s t c la im s sh a d be
r e c o g n iz e d .— V . 62, p . 950.
N o r t h e r n P a c i f i c R R .— S p o k a n e Sc P a l o n s e R R . — D e p o s its

lo be Received till June IS.— T h e B o n d h o ld e r s ’ C o m m it te e o f
th e S p o k a n e & P a lo u se R R . a n n o u n c e s th a t b o n d h o ld e r s m a y
p a r tic ip a te in th e plan fo r r e o r g a n iz in g th e N o r th e rn P a c ific
R R . u p to J u n e 15. T h e y w ill r e c e iv e f o r e a ch $1,000 b o n d
w ith a ll u n p a id c o u p o n s a tta c h e d $525 in ca s h o n J a n . 1,1 897 ,
$535 in n e w 3 p e r c e n t g e n e r a l lie n b o n d s a n d $250 in n e w
p r e fe r r e d s to c k tiu s t c e r t ific a te s o f th e r e o r g a n iz e d N o rth ern
P a c ific R R .
D e p o sits m u s t b e m a d e w ith J . P . M o rg a n &
C o .— V . 62, p. 990.
N o r t h e r n P a c i f i c R R — First Mortgage Bonds.—Basis o f
Conversion to be Reduced July 1.— T h e m a n a g e rs o f the r e o r ­
g a n iz a tio n n o t ify h o ld e r s o f th e g e n e r a l first m o r tg a g e an d
la n d g r a n t b o n d s th a t a m a jo r it y in a m o u n t o f th e a b o v e n a m e d b o n d s h a v in g b een d e p o s ite d f o r c o n v e r s io n , a ll o th e r
h o ld e rs o f s u c h b o n d s w h o d e s ir e to a v a il o f th e p r iv ile g e are
n o tifie d t o d* po> it th e ir b o n d s o n o r b e fo r e Tune 30. O n J u ly
1st next, th e basis f o r c o n v e r s io n o f b o u d s n o t p re v io u s ly
d e p o s it e d w ill b e r e d u c e d f r o m 135 to 132 p e r c e n t.
Second Instalment on Stock. — Not ic e is g iv e n th a t th e s e c ­
o n d in s t a lm e n t o f $3 p e r s h a re in r e sp e ct o f p r e fe r r e d s to c k

1041

a n d $5 p e r sh a r e in r e s p e c t o f c o m m o n s t o c k , o n a c c o u n t o f
th e ca sh p a y m e n ts s p e c ifie d in th e p la n is c a lle d , a n d is p a r ­
a b le J u n e 26 , 1896.
F o r e c lo s u r e S a le.— T h e n o t ic e o f fo r e c lo s u r e sa le a p p ea rs in
fu ll in t h e a d v e r t is in g c o lu m n s o f t o -d a y ’s issu e.— V . 62, p . 990,

Ogdensbnrg & L a k e C h a m p la in R R . — C o u p o n s .— A t th e
h e a r in g a t B r a tt le b o r o , V t . , o n M a y 29, r e g a r d in g th e p a y m e n t
o f in te r e s t o n th is c o m p a n y ’s b o n d s th e C o u r t o r d e r e d as f o l ­
lo w s :
The net earnings o f the Ogdensburg shall ha com puted in accord ­
ance with the terms of the lease; the reoeivers shall set apart as a
separate fund all of the net earnings o f that road since it oame into
their hands, on Maroh 20, to be u s e ! in the paym ent of the interest on
these bonds under the direetion o f the Court, and the receivers from
the books o f the com pany shall prepare a statement o f all the net earn­
ings of the road einoe Oot. 1, 1893, the date on whioh the present un­
paid interest began to accrue.
Q u a r t e r ly .— T hi3 r o a d is le a se d t o th e C e n tr a l V e r m o n t ,
w h ic h w e n t in t o r e c e iv e r s ' h a n d s in M a r ch , 1896, a n d in terest
d u e A p r il 1 o n 0 . & L . C . b o n d s w a s n o t p aid . E a r n in g s fo r
th e q u a r te r a n d th e n in e m o n t h s e n d in g M a r ch 31 h a v e b e e n
r e p o r te d as fo llo w s :

Gross
3 months, earninos.

1896 ....... $140,786
1895........ 170,189
9 months —
1=95 96 ...$331,052
1891-95... 589,074
L o a n s a n d b ills
$55,000 in 1895.— V .

Net
eirnin'j*.

def.$5,171
net.39,623

Other
income.
$1,050
1,006

Interest,
tave<t, etc.
$64,655
67,933

Balance,
sur. o r ,let ,

def.$6s,776
sur. 22,651

$144,492
$3,204 $193,735
d ef.$ 5 l,0 3 9
199,108
2,557
202,551
def.
886
p a y a b le M a r ch 31, 1896, $35,030, a g a in s t
62, p . 948.

Ohio Southern RR.— D e fa u lt J u n e 1 o n f i r s t m o r tg a g e i n ­
t e r e s t.— T h e r e c e iv e r s w e r e n o t p r e p a r e d t o p a y th e in terest
d u e J u n e 1 o n th e first m o r t g a g e b o n d s , b u t t h e y h o p e th a t
p r o v is io n m a y b e m a d e f o r th e p a y m e n t o f th is c o u p o n a t
a n e a r ly d a te t h e r e a fte r .
I n e x p la n a t io n th e fo l l o w i n g sta te m e n t is m a d e :
This d elay in paym ent is necessitated b y som e necessary betterm ents
whioh aggregate somewhat over $60,000 and by payments made in
liquidation o f ear trusts. Added to this the present m anagement had
less than three and one-half months in which to earn the interest paid
on s lid bonds December 1, 1895. and consequently began this present
year under very unfavorable circum stances. The late winter and
spring months are the light months o f the year for till a property, as
the Jackson coal, which furnishes the larger part o f the traltic o f the
road, has its heavier demand in the last halt o f the year, as it Is a
domestic coal, and consequently the demand for It in ths latejjw inter
and spring months has always been light. Consequently the managers
deem it not an unfavorable show ing to be obliged to defer this interest
payment for a short tim e.—V. 62, p. 779.
Oregon Improvement.— F ir s t M o r tg a g e P r o t e c t i v e C om ­
m itte e R e c o m m e n d s P l a n .— T h e first m o r t g a g e b o n d h o ld e r s '
c o m m itt e e e , F . P . O lc o tt , C h a ir m a n , r e c o m m e n d s th e d e p o s it
o f first m o r t g a g e b o n d s w ith th e r e o r g a n iz a tio n c o m m it t e e o f
w h ic h J o h n I. W a t e r b u r y is C h a irm a n . S e e n o t ic e in a n o th e r
c o lu m n .— V . 62, p . 990.
Oregon Ry. Sc Navigation.— F o r e c lo s u r e o f W a s h in g to n &
I d a h o M o r tg a g e . — A t S e a ttle , M ay 3 ) , J u d g e H a n fo r d s ig n e d
a d e c r e e fo r e c lo s in g th e m o r t g a g e o n th e W a s h in g t o n & I d a h o
R R .. tlie b o n d s s e c u r e d b y w h ic h a r e h e ld u n d e r th e O r e g o n
R y . & N a v ig a tio n G o ’s, c o lla te r a l tru st m o r t g a g e o f 1889. T h is
is m e r e ly o n e step in c a r r y in g o u t th e r e o r g a n iz a tio n p la n .—
V’ . 62, p. 779.
Pennsylvania Heat, Light & Power.—A ss e s s m e n t C a lle d
o n P r e fe r r e d S to c k . — A n a ssessm en t o f 820 p e r sh a re is c a lle d
on th e p re fe r r e d s t o c k , p a y a b le in fo u r in s ta lm e n ts o f $5
e a c h on J u n e 13, S ep t. 10, D eo. 10, 1896, a n d M a r ch 10, 1895,
b y s to c k h o ld e r s a t th e c lo s in g o f th e b o o k s fiv e d a y s p r io r to
th e d a te fix e d fo r e a c h c a ll.
T h ese ca lls are m a d e to e n a b le
th e c o m p a n y to p a y fo r th e p r e fe r r e d a n d o m m o n s t o c k o f
th e E le c tr ic T ru st o f P h ila d e lp h ia , in a c c o r d a n c e w it h th e
a g r e e m e n t o f p u r c h a s e .— V . 62, p . 870.
P e o r i a D e c a t n r & E v a n s v ille R R . — P r o g r e s s o f F o r e c lo s ­
u r e .— S lo w p rog ress is b ? in g m a d e in th e fo r e c lo s u r e s u it u n ­
d e r th e s e c o n d m o rtg a g e . T h e s t o c k h o ld e r s h a v e in te r p o s e d
a c la im th a t th e s e c o n d m o r t g a g e b o n d s , w h ic h w e r e f o r m e r ly
in c o m e b o n d s , h a d b een su b stitu te d w it h o u t r ig h t f u l a u t h o r ­
ity . T e s tim o n y o n th is p o in t is n o w b e in g ta k e n , a n d a d ­
jo u r n m e n t s in th e h e a r in g ta k en fr o m t im e t o tim e . T h e
v a r io u s in terests h a v e n o t b een a b le to a r r iv e a t a n y a g r e e ­
m e n t f o r a r e o r g a n iz a tio n .— V , 62, p, 681.
P h i l a d e l p h i a & R e a d in g R R . — R o a d w ill be s o ld i n f o r e ­
c lo s u r e .— R e fe r r in g to r u m o rs c u r r e n t in c e rta in q u a r te r s,
C . H . C oster, o f J. P . M o rg a n & C o ., sa id th is w e e k ; “ Y o u
c a n sa y in th e m o st p o s itiv e te rm s t h a t th e r o a d w ill be fo r e ­
clo s e d a n d s o ld . N o t h in g s h o r t o f a m ir a c le c a n Btop it.
T h ere a re a lo t o f o ld d e a ls th a t h a v e to b e w ip e d o u t a n d
fo r e c lo s u r e is th e o n ly w a y o f d o in g i t . — V . 62, p . 989.
P o r t R o y a l Sc A u g n g t a R R . —R e o r g a n iz a t io n .— G e n . S a m ­
uel T h o m a s is r e p o r te d as s a y in g th a t a g o o d m a jo r it y o f th is
c o m p a n y 's b o n d s has b een p u rch a sed b y T h o m a s F . R y a n a n d
h im s e lf, a n d th a t th e p r o p e r ty w ill be r e o r g a n iz e d u n d e r
th e ir d ire c tio n . T h e y a lso c o n t r o l th e P o r t R i y a i a n d W e s t ­
ern C a ro lin a .— V . 61, p. 704.
R i o G r a n d e I r r i g a t i o n Sc L a n d C o ., L im it e d .— S to c k a n d
B o n d Is s u e ,— T h is E n g lish c o m p a n y h a s b e e n f o r m e d to a c ­
q u ir e b y lease an d a ss ig n m e n t th e fra n ch ise s, e t c ., o f th e R io
G r a n d e D am & Ir rig a tio n G o. o f A m e r ic a a n d to im p r o v e th e
lan ds in th e R io G r a n d e V a lle y b e tw e e n E a g le , N s w M e x ic o ,
an d F o rt Q u itm a n , T ex a s. C ap ita l s t o c k is £500,000, o f w h ic h
£100,000 are 8 p er c e n t c u m u la t iv e p r e fe r e n c e sh a res a n d
£400,000 o r d in a r y sh ares. T h e first m o r t g a g e d e b e n tu r e s a re
a u th o riz e d fo r £100,000, p a r v a lu e £50 e a c h .
T h e y bea r
in te re st at 5 p e r c e n t a n d are re d e e m a b le a t £55 e a c h o n

•

THE CHRONICLE.

1042

J a n u a ry 1, 1916, o r p r e v io u s ly o n s ix m o n t h s ’ n o t ic e . M o r t ­
g a g e tru ste e is th e N a tio n a l S a fe D e p o s it C o ., L o n d o n , E'. C.
Roxbury Chestnnt Hill & Norristown R y.—N ew M o r t­
g a g e .— A m o r t g a g e f o r §460.000 to th e R e a l E sta te T itle I n s u r ­
ance & T ru st C o m p a n y o f P h ila d e lp h ia h a s been r e c o r d e d ,
s e c u r in g 5 p e r c e n t g o ld b o n d s fo r $1,000 e a c h d u e in 1926.

St. Louis Peoria * Northern Ry.— St. L u l l s « Eastern
R y .— T h e S t. L ' u is P e o ria & N o r th e rn R R ., w h ic h w a s o r g a n ­
iz e d to c o n s o lid a t e th e S t L o u is & E a ste rn w it h o t h e r c o m ­
p an ies. as sta te d in t h e C hronicle t w o m o n t h s a g o (see V .
62, p. 591, 643). h a s file d a m o r t g a g e t o th e C e n tr a l T ru s t
C o m p a n y o f N e w Y o r k , as tru ste e , to s e c u r e $5,000,000 o f 40y e a r 5 p e r c e n t b o n d s .— V . 62, p. 643.
St. Louis & S a n Francisco Ry .— P la n o p e r a t i v e — O v er 95
p e r c en t o f c o n s o ls d e p o s ite d — F u r t h e r d e p o s its r e c e iv e d till
J u n e 20 — O v e r 95 p er c e n t o f t h e to ta l issu e o f t h e 4 p e r c e n t
c o n so ls h a v in g been d e p o s ite d , th e p la n has b e e n d e c la r e d
o p e ra tiv e . I n v ie w o f t h e fa c t th a t th e r ig h t t o s u b s c r ib e to
th e n e w s e c u r itie s has la p se d , b o n d s m a y b e d e p o s ite d w it h o u t
fu r t h e r p e n a lt y u u til J u n e 20 ,189 6
P resid en t o f N e w C o m p a n y .— I t is sta te d th a t M r. D . B .
R o b in s o n , F irs t V ic e -P r e s id e n t o f th e A t c h is o n , h a s b e e n o f ­
fe r e d a n d has a c c e p t e d th e P r e s id e n c y o f th e r e o r g a n iz e d S t.
L o u is & S a n F r a n c is c o .— V . 62, p . 870.
Seaboard A ir Line System.— E a r n i n g s .— F o r
m o n th s e n d in g A p r il 30, 1896 a n d 1895. th e e a r n in g s
p en ses a re o ffic ia lly r e p o r t e d as f o l l o w s :
Ten months to April 30.
1896.
1895.
Gross receip ts...............................$2,982,359
$2,646,285
Operating e x p e n s e s ................... 2,074,997
2,023,974
N et earnings...........................
- Y . 62, p. 684.

$907,862

$612,311

th e ten
and e x ­

Increase.

$346,574
51,023

$295,551

South Atlantic & Ohio R R .—D e cre e o f F oreclosu re. — T h is
r o a d h a s b e e n o r d e r e d so ld in fo r e c lo s u r e .
Texas Midland B R . — E x ten sio n . — T h e c itiz e n s o f P a r is,
T e x a s , h a v e r a ise d $29,800, a n d s e c u r e d t h e r ig h t o f w a y
t h r o u g h th a t t o w n f o r th e p ro p o s e d e x te n s io n o f th e T e x a s
M id la n d f r o m G r e e n v ille . I t is u n d e r s t o o d th e e x te n s io n w ill
b e b u ilt a t o n c e a n d it is a ls o r e p o r te d th a t th e lin e w i l l be
c o n t in u e d to L itt le R o c k a n d th a t th e L it t le R o c k & M e m ­
p h is, w h ic h is to b e s o ld a t fo r e c lo s u r e in N o v e m b e r , m a y
b e b o u g h t b y M rs. H e t t y G r e e n in t h e in te r e s t o f th e T e x a s
M id la n d , w h ic h la tte r sh e n o w o w n s .
Fnion

Traction, Philadelphia.— F ix e d

C h arges. — T h e

P h ila d elp h ia L ed ger in its fin a n c ia l a r t ic le s a y s : I n a n s w e r

to n u m e r o u s in q u ir ie s a b o u t th e fix e d c h a r g e s o f the U n io n
T r a c t io n C o m p a n y , w e state th a t th e e s tim a te is :
Rentals, Interest and ta x e s..........................................................$6,100,000
Less rentals and interest re ce iv e d ............................................
215,000
T o t a l........................................................................................... $5,885,000
—V. 62, p. 321.
United Elevator, St. Louis.— R eceivers A p p o in te d .— E x G o v . F ra n c e s w as a p p o in te d r e c e iv e r o f th is c o m p a n y a t S t.
L o u is on S a tu r d a y . T h e c o m p a n y ’s c a p ita l s t o c k is $2,685,000,
a n d as to th e b o n d s th e S t. L o u is 'Globe D em ocra t sa y s :
When the consolidation took place the elevators were all bonded.
Some of the bonds, amounting to over *529,OJO, were allowed to
stand, and the others were taken up and new ones issued in their
stead. The new issue amounted to over $685,000, all but about $100,000 representing old first mortgage bonds. The two sets together foot
up $1,215,500, and in the stock market they are all classed as first
mortgage bonds. The second m ortgage bonds added $485,000 to the
company’s bonded indebtedness. One o f the largest holders o f the
second m ortgage hoods is the Chicago B urlington & Quincy HR. Co.
Interest in the sum o f $4,000 fell due on first m ortgage bonds
Monday and on the follow in g day $21,000 on the second m ortgage
bonds. The property is worth considerably m ore than the total
bonded indeb edness.
D a m a g e b y la st w e e k ’s to r n a d o p r e c ip ita te d d e fa u lt J u n e 1.
Wabash HR.—D ecrease o f F lo a tin g D eb t. — T h e C h r o n i c l e
is in fo r m e d th a t o n M a rch 3 1 ,1 8 9 6 , th e b ills p a y a b le a m o u n te d
to $107,885, c o n t r a s tin g w it h $800,000 in J u l y , 1895, a n d tha
r o llin g s t o c k n o te s p a y a b le m o n t h ly , c h a r g e a b le to o p e r a tin g
ex p e n se s, t o $54 128, a g a in s t $182,709 in J u ly , 1895. T h e
fu n d e d d e b t is u n d e r s to o d to r e m a in th e s a m e in a m o u n t as
th ree y e a rs a g o , b u t th e r e fu n d in g o f th e 7 -p a r c e n ts th a t
m a tu r e d la st y e a r r e d u c e d th e in te r e s t c h a r g e s $180,000
y e a r ly .— V . 62, p . 635.

Westlnghouse

E lectric

Manufacturing .—In crea se o f

S to c k .— T h e s to c k h o ld e r s o u T h u r s d a y a u th o riz e d th e in c r e a s e
o f th e c a p ita l s t o c k o f th e c o m p a n y fr o m $10,000,000 to
$15,000,000 a s p r o p o s e d . S e e V . 62, p . 689.

[V ol. LXII.

d e p a r t s a m i J J a cu w e u ts.
C H I C A G O R O C K I S L A N D <fe P A C I F I C R A I L ­
WAY COMPANY.
S IX T E E N T H

ANNUAL
E N D IN G

REPORT — FOR

THE

YEAR

M A R C H 31, 1896.

T h e B o a r d o f D ir e c t o r s s u b m it t h e f o l l o w i n g r e p o r t fo r
t h e y e a r e n d i n g M a r c h 31, 1896 :
Gross Earnings w ere...............................................................$17,359,653 32
Operating E xpenses and T a x es....... .................................. 11,866,594 05
N et E arnings...................................................................... $5,493,059 27
A dd net cash receipts o f land s o ld ......................................
38,439 46
Net Incom e.........................................................................
F rom this amount has been paid—
For Interest on B onded D eb t.................... $3,322,525 OO
For Rentals of Leased L in es.....................
665,336 28
F or Rentals and Tolls M issouri R iver
B ridges.......................................................
119,650 29
F or Div. on Capital Stock—1 per c e n t ...
923,116 00
For Premium on $ 1 4 ,0 0 0 -5 per cent
E xt. & Col. Bonds purchased for acct.
of Sinking Fund under the M ortg a g e...
278 89
----------------------

5,531,498 73

Surplus fo r the y e a r ..........................................................

$500,592 27

5,030,906 46

T h e C a p ita l S t o c k a n d B o n d e d D e b t o f t h e C o m p a n y is a s
fo llo w s :
Capital S tock issu ed ............................................................... $46,155,800 OO
Fractional Scrip convertible into S tock.............................
200 OO
Six per cent M ortgage B onds................................................ 12,500,000 OO
Five p er cen t E xt. & Col. B on d s............ $40,712,000 00
Less Bonds purchased for account Sink­
ing F u n d .....................................................
295,000 00
---------------------- 40,417,000 00
Five p er cent Thirty-Year Debenture B on d s...................
4,500,000 OO
Seven p er cent C. & S. W. Ry. Bonds G u a r a n te e d ......... 5,000,000 00
M a in L in e a n d B r a n c h R a ilr o a d s o w n e d , le a s e d a n d o p e r ­
a t e d b y t h e C h ic a g o R o c k I s la n d & P a c i f i c R a i l w a y C o m ­
p a n y a t t h e d a t e o f t h is r e p o r t ; a r e a s f o l l o w s :
LINES OWNED.
Miles.
Chicago, HI., to Council Bluffs, I o w a ............................... 499*62
Davenport, Iow a, to Atchison, K an .................................... 341*84
Edgerton June., Mo., to L eavenw orth, K a n ................... 20*31
W ashington, Iow a, to K n oxville, Iow a ............................ 79*
South E nglew ood, 111., to South Chicago, 111— ..............
7*50
W ilton, Iowa, to M uscatine, I o w a .................................... 11*98
W ilton, Iow a, to Lime Kiln, Io w a ......................................
6*08
Newton, Iow a, to M onroe. I o w a .......................... ............ 17*
Des Moines, Iow a, to Indianola and W interset, I o w a .. 47*07
Menlo, Iow a, to Guthrie Center, I o w a ............................. 14*58
A tlantic, Iow a, to Audubon, Iow a...................................... 24*54
A tlantic, Iow a, to Griswold, Io w a ..................................... 14*71
A voca, Iow a, to Carson, Iow a ........................................... 17*61
A voca, Iow a, to Harlan, Iow a ........................................... 11*84
Mt. Zion, Iow a, to Keosauqua, I o w a ................................
4*50
Altamont, M o., to St. Joseph, M o...................................... 49*66
South St. Joseph, Mo., to Rusliville, M o .......................... 14*70
Kansas City, Mo., to A rm ourdale, K an ...........................
2*40
South Omaha, Neb., to Jansen, N eb.................................. 107*05
Elw ood, Kan., to Liberal, K a n ........................ .................. 439*54
Herington, Kan,, to Terral, Ind. T er.................................349*07
Herington, Kan., to Salina, K a n ........................................ 49*30
Horton, Kan., to Rosw ell, C olo........................................... 568*65
Fairbury, Neb., to Nelson, N eb........................................... 51*53
M cFarland, Kan., to Belleville, K a n ................................ 103*98
D odge City, Kan., t o Bucklin, K a n .................................... 26*64
Total m iles ow n ed ......................................................................... 2,880*70
LINES LEASED.
Bureau, HI., to Peoria, 111..................................................... 46*70
Keokuk, Iow a, to Des Moines, I o w a ................................ 162*20
Des Moines, Iowa, to F ort D odge and Ruthven. Iow a. 143*76
Total miles leased ..........................................................................

352*66

T R A C K A G E RIGHTS.
Over Hannibal & St. Joseph RR .—
Cameron, Mo., to Kansas City, M o................................ 54*30
Over Union Pacific R y.—
Council Bluffs, Iowa, to South Omaha, N eb ...............
7*02
Kansas City, Mo., to North Topeka, K an ...................... 67*35
Limon, Colo., to Denver, C olo......................................... 89*78
Over D enver & R io Grande RR.—
Denver, Colo., to Pueblo, C olo.........................................119*60
Total miles trackage rights........................................................

338*05

T otal miles o f roads over which trains are op erated .......... 3,571'41
— T h e s e v e n ty -e ig h th a n n u a l m e e t in g o f th e s h a r e h o ld e r s
o f th e B a n k o f M o n tre a l waB h e ld a t M o n tre a l o n M o n d a y .
In o th e r c o lu m n s o f th is issu e w ill b e fo u n d a r e p o r t o f th e
p ro c e e d in g s . T h e r e m a r k s o f th e H o n . G e o . A , D r u m m o n d ,
th e V ic e -P r e s id e n t , a n d o f M r. E . S. C lo u s t o n , th e G e n e ra l
M a n a g e r, c o n ta in m u c h th a t w i l l in te r e s t th e fin a n c ia l p u b lic
g e n e r a lly . T h e b u sin ess o f th e b a n k f o r th e y e a r e n d in g
A p r il 30 s h o w s p ro fits o f $1,241,196, w h ic h , a d d e d to th e
b a la n c e o f th e p r e v io u s y e a r o f $815,152, g iv e s a to ta l su rp lu s
o f $2,056,348. T h e u su al 10 p e r c e n t d iv id e n d w a s p a id a n d
a b a la n c e c a r r ie d fo r w a r d o f $856,848.
— T h e s ix th a n n u a l n u m b e r o f “ C h ic a g o S e c u r itie s ,” p u b ­
lish e d b y th e C h ic a g o D ir e c t o r y C o m p a n y , h a s been r e c e iv e d
this w e e k . T h e p resen t v o lu m e is m u c h la r g e r th a n p re v io u s
n u m b e rs , n o w in c lu d in g all th e im p o r ta n t s t o c k c o m p a n ie s
h a v in g th e ir h e a d q u a rte rs in C h ic a g o , besid e s m u c h o t h e r
sta tistica l m a tte r v a lu a b le f o r r e fe r e n c e )

T h e r o a d is lo c a t e d in d iffe r e n t S ta te s a s f o l l o w s :
236-07 m iles in Illinois.
1,068-67
“ “ Iowa.
287-95
“ “ Missouri.
1,124*30
“
-1Ka.usas.
253-19
“ “ Nebraska.
376-94
“ “ Colorado.
106-89
“ “ Indian Territory.
117-40
“
“ Oklahoma Territory.
3,571-41 miles.
200-91 m iles o f second track.
10-59 “ “ third track.
702-96 “ “ side track.
Equal to 4,485-90 miles of single track.
S t a t e m e n t s h o w in g t h e d e t a ils o f E a r n in g s a n d P e r c e n t ­
a g e o f O p e r a t in g E x p e n s e s a s c o m p a r e d w i t h t h e p r e v io u s
fis c a l y e a r :

THE CHRONICLE,

J une 6, 1396.]
T ea r E n d in g
M ar. 31, 1896,

S ou rces o f j t c r e n u e —

Bents. Interest, e to ...........................
Earnings from Telegraph L in e s ...

ity 20 to 30 tons) have been purchased or built during the
Tlie
entire cost o f 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 .— W ork progressed satis­
factorily during the past year, and when operations were
discontinued for the winter (about Nov. loth) the line was
completed to 39th Street, This Company’s proportion (J!)
; o f the amount expended during the year was $208,289 90,
making a total expenditure to date of 8347,856 93, covering a
distance o f 2(4 miles.

$17,420,S16 61 : year, to take the place of old and worn-out equipment.

$10,977,32113
889,272 92

$11,845,367 92
836,893 29

. $5,493,059 27

$4,738,555 40

63 23-100
63 36-100

63
72 80-100

Taxes.

Percentage of Operating Expenses
Same, including T ax es.......... .
P a s s e n g e r E a r n i n g s .—In

Afvord, Mo., extensive changes have been made whereby

$4,338,052 97 ! the line has been shortened 3,873 feet, or 73-100 miles. The
11,206,635 70 j advantage gained by this change is in reducing grades and
499,248 20 eliminating curves.
400,875 00
E q u ip m e n t . —Five (5) large Locomotives and Four Hun­
967,651 89
8,302 85 dred and Twenty-six (426) Box Freight and Coal Cars (capac­

$17,359,653 32
E x p en d itu res—

to Gross Earnings.................

T ea r E n d in g
M a r. 31, 1895.

$4,445,952 85
11,159,100 36
510.259 38
400,200 00
707.260 08
7,874 27

Passenger Transportation...............
Freight
••
............. .
Mali
Express
“
.............

1013

comparison with the previous
year, Passenger Earnings show an increase of $107,899 88, or
*2 49-100 per cent, which is made up of an increase in earn­
ings from connecting lines o f $16,947 39, or 3 50-100 per cent,
and an increase from business originating on our own line
of $90,952 59, or 2 49-100 per cent.
The total number o f passengers carried increased 520,279,
or 11 28-100 per cent.
The number o f first-class passengers carried increased
520,855*4. or 11 85-100 per cent.
The number o f second class and emigrant passengers car­
ried decreased STfiif. or 2 86-100 per cent.
The number o f " passengers carried one mile increased
10,892,080, or 5 64-100 per cent.
The average distance traveled by each passenger during
the year ending March 31st, 1895. was 42 miles, and during
the past year 40 miles.
The number o f through passengers (passengers delivered
to or received from connecting lines) increased 8.940, or
4 67-100 per cent, and the number of way (local) passengers
increased 511.3#, or 11 57-100 per cent.
Of all the passengers carried, 2.574, toils', or 50 17-100 per
cent, traveled West, and 2.556.074U'. or 40 88-100 per cent
traveled East.
The rate per passenger per mile for the year ending March
31, 1895 was 3 150-1000 ots., and for the year ending March
31. 1896 was 3 089-1000 cents.
The passenger business at 293 stations shows an increase
during the year of $2 6 0 ,5 2 8 97, and at 244 stations a decrease
of $152,629 09,
The number of Passengers carried shows an increase dur­
ing the year at 296 stations of 634,598*4. and a decrease at
240 stations of 114,319*!.
Freig ht Earnings.—Freight Earnings for the year de­
creased $47,585 44. or 42-100 per cent.
The revenue from Through Freight (freight delivered to
or received from connecting lines) increased $172,287 02, or
3 93-100 per cent, while the revenue from Local Freight
decreases $219,872 46, or 4 13-100 per cent.
O f the entire Freight Earnings, 54 22-100 per cent was
from Through Freight and 45 78-10 ) per cent from Local
Freight,
The movement of freight, as compared with the previous
year, shows an increase o f 167,417 tons, or 2 69-100 per cent,
while the rate per ton per mile has decreased from 1 5-100
cents to 1 3-100 rents.
G ross Ea r s is g s -.how a decrease o f $ fl,163*29, or 85-100
per cent.
O p e r a t i n g E x p e n s e s show a decrease o f $868,046*79, or
7 33-100 per cent.
T a x e s increased $52,379 63, or 6 36-100 per cent.
Full detail* of the foregoing, as also .statements of Assets
and Liabilities, Income Account and valuable statistical in­
formation, will be found forming a part of this report.
mint charged to Construction and Equipment AcTbe amount
OOtuit for the year is as follow s:

The thanks o f the Board of Directors are tendered to the
officers and employes o f the Company for the efficient
manner in which their services have been performed during
the year.
All of which is respectfully submitted.
R. R. CABLE,
P r e s id e n t.

INCOME ACCOUNT.

FROM APRIL 1. 1895, TO
M ac

May
July

July

|
1896-

Land, Land Damages.—The purchases o f land during
the year have been incidental to changes made in lo c a t io n of
in station facilities at various points.
M.tkoNP.y.

B r id ge s

and

C u l v e r t s .— Pile,

$230,779
175,000
363,000
1,010,775

Dividend paid—Hs’io..........................................

00
00
00
00

230,779 00

Interest paid on 30-year 5% Debeut. Bonds.

112,500 00

Dividend paid—*9%...............................................230,779 00
Interest paid on C. & S. W. Ry. B on d s...........
175,000 00

M ar. 31

Interest paid on 6% Bonds.............................
363,000 00
Interest, paid on 5% Ext. * Col. Bonds........ 1,010,750 00
Dividend paid—%%..........................................
230,779 00
Interest paid on 30-year 5% Debent Bonds.
112,500 00
Rent Peoria & Bureau Valley R R ..................
125,000 00
137,500 00
Rent Keokuk & Dos Moines Ky.....................
Rent Ill's Moines & Fort Dodge R R ...............
144,523 14
Rent Hannibal & St. Joseph RR ...................
43,644 36
Rent Union Paoiflc; Ry., Council Bluffs to So,
Omaha............. ...................... ............... . . . .
45,000 00
Rent tin. Vue. Ry., Kaus. City to No. Topeka.
35,916 00
Rent Union Pacific Ry., Linton to Denver..
51,563 69
Rent- Denver & Rio Grande R R .....................
82,189 09
Tolls & Rentals paid Mo. Riv. Bridge C os...
119,650 29
Premium on $14,000 5% Ext. & Col. Bonds
purchased for account of Sinking Fund..
278 89
Operating Expenses and Taxes from April

M ar. 31

Balance..................... ............................. .........

Jan. 1
.Ian.

1

Feb. 1

1
Mar.
Mur. 3 1
Mar. 31
Mar. 31
Mar. 31
Mar. 31

Mar. 31
Mar. 31

Mar. 31
Mar. 31
Mar. 31

1,

1895, to March 3 1 .1 8 9 6 ........................... 11.866,594 05

,

2,082,63111

$18^980,13162

1895—
Apr. 1 Bv Balance from previous year........................ $1,582,038 84
1896-

Mar. 31

Gross .Earnings from April 1 ,1895, to March
3 1 .1 8 9 3 .................. ........
. ............... 17,359,653 32
Receipts from Land Department..................
38,439 46

1896Apr. 1

B alance............... ....................................

Mar. 31

$18,980,131 62
$2 ,082 ,631 11

CONDENSED BALANCE SHEET APRIL 1, 1896.
Cr e d it B a l a n c e s.
L IA B IL IT IE S .

IIred $50,000,000;
_____ .—....
......
Capital Stock
amount issued................ ........ .
$46,155,800 00
200 00
Fractional Scrip outs'g.conv. into Stic.
Six per cent M ortgage Coupon Bonds.
Sty pot*
: M ortgage R esist’d Bonds

4.655.000 00
7.845.000 00

F ive par cen tE x ton s’ n C oupon Bonds
Five per cent Bxtens'n .Ragis’d Bonds

35,387.000 00
5.325.000 00

•* Additional Side Tr.mks r» 77-100 mites).................... 70,797 19
•• Reducing Grade and Change of Line......................... 88,782 19 ■
** New Kmiipifmol
....... . . .
........
802 48 i Five per cent D ebent'e Coupon Bonds
** Track Elevation in Chicago............... ..................... 208,28990 Five per cent D a b en fe Rogis’d Bonds
$-139,860 90

31, 1896.

1 To Divbmnd paid—43%............................................
Interest paid on C. & S. W. By. B on d s..........
Interest paid oil 6% bonds.......... .....................
Interest paid on 5% E xt. & Col. B onds.........

1
Nov. 1
Nov. 1

F or Land, (.and Damages ..... ................ .................................. $12,307 99 |

*' Now Depots, Shop-, Water Station*, etc..................... 48,64121 >

MARCH

1395-

$46,156,000 00
12,500,000 00
40,712,000 00

4.375.000 00
125,000 00

4,500,000 00
5,000,000 00
8,213,OOm OO
_ agM S?
2,083,63111

Chicago & Southwestern R ailw ay Bonds, guaranteed.

Addition and Improvement Account........ .....................
v.’ cm nts Payable........ ......................................................
Profit Balance to Income Account........ ........................

-

$119,758,537 78

trestle a n d

debit

B alances.

w o o d e n s p a n b r id g e s aggregating 26.135 f e e t , o r 4 95-100
m ile s , h a v e b e e n r e p la c e d b v p erm a n en t, stro d u r e s o r fille d

ASSETS.
c o s t o f Road and Bquipmont, including all Branatt

with earth at u costt of -Sri'.-iT 17. which amount has been
charged to Operating Expenses.

Cost o f Track E levation at Chicago.
_________________
Cost o f Railroad
Bridge at Rook M a|
n__
1.

C iiiiCL'ting Roads..............

347,850 93
815,896 32
6,106,92906

A dvances made to tile Chisago Rook Island. & Texas
R'y C o. as per avrenment dated January 2d, 1 8 9 3 ..

1,956,961 43

^

t o th is |g

A brick Freight. Houss at Dos Moines, Iowa.
A n E leva tor o f IHD,<100 b u sh els c a p a city a t A rn iou rd a le,

Kan.
An Elevator at. North Turon, Kan,, and
Water Stations at Blame r.-, Colo., and Lebanon, Kan.
S ide T racks.—New side tracks aggregating 0 77-100 miles
have been constructed on the various Divisions o f the Boad
where business demanded.
* ian g k o f L in e .— On the South Western Division be­
tween KnitTin and Harvard, la,, and between Mercer and

...... ................. S3

0. it I. & P. R 'y Co. Capital Stock on baud...................

.

12,100 00

C. R. r. A P. R’ y Co. S ix per cent M ortgage Bonds on
band....................................... ............... ............................ *

400,000 QO

Sinking Fund Account, First Mortgage Extension and
Collateral Fire per centBotfds purch ased ..................

295,000 00

Stock of Material, Fuel, etc., o n band.............................

871>S?7

Due from Post Office Department................ ..................
Accounts R eceivable...........................................................
Cash and Cash Assets ...........................................................

214 01

3 ,99o,693 16
$119,758,537 78

THE CHRONICLE.

1044

[V o l . L x n .
C O T T O N .
Friday Night , J u n e

COMMERCIAL

EPITOME.

F r id a y N i g h t , June 5 ,1 8 9 6 .
R e c e n t le g is la t io n a t W a s h in g t o n (m o r e p a r tic u la r ly th e
p a ssa g e b y th e U n it e d S ta te s S e n a te o f th e b ill p r o h ib it in g
fu tu r e sales o f G o v e r n m e n t b o n d s ) h as h a d a t e n d e n c y to i n t e n ­
s if y th e u n e a s y fe e lin g in fin a n c ia l c ir c le s a n d in th e g e n e r a l
b u sin ess w o r l d tra d e h a s b e e n d e c id e d ly s lo w in c o n s e q u e n c e
o f th e c o n t in u e d u n c e r t a in t y s u r r o u n d in g th e p o lit ic a l o u t ­
lo o k . C o n g r e ss h a s p assed th e R iv e r an d H a r b o r b ill o v e r
th e P r e s id e n t ’s v e to . S p e c u la tio n in t h e g r a in a n d c o t t o n
m a rk e ts h a s c o n t in u e d fa ir ly a c t iv e , b u t m a in ly in th e w a y
o f liq u id a t io n b y tire d h o ld e r s w h o h a v e b e c o m e d is c o u r a g e d
o v e r th e g e n e r a l o u t lo o k , a n d th e c o u r s e o f p r ic e s h a s b e e n
d ow n w a rd .
T h e fo l l o w i n g is a c o m p a r a t iv e sta te m e n t o f s t o c k s o f le a d ­
in g a r ticle s o f m e r c h a n d is e a t d a te s g iv e n :
0C^
05^

June 1,
1896.

10,531
P ork....... .....................
bblg.
20,403
Lard..........................................tcs.
13,969
Tobaooo, domestics............ libels.
24,377
Tobaooo, fo r e ig n ............. bales.
Ooffee, R io .......................
bags. 208,754
47,040
Coffee, other........................ bags.
63,433
Ooffee, Java, & c . . . .............mats
3,222
Sugar.................................... bbds.
614,843
Sugar............................. bags, &o.
None.
Molasses, fo r e ig n .............. bbds.
168,300
H ides........................................ No.
134,871
C o tto n ................................ bales.
B osin..........................
bbls.12,775
423
Spirits turpentine............... bbls.
2,187
Par.........................................bbls.
14,000
Bloe, E. I , ............................ bags.
10,750
Rice, d om estio.....................bbls.
None.
Linseed..... ........................... bags.
11,500
Saltpetre...............................bags.
3,600
Jute bntts............................ bales.
32,242
Manila bem p .......... .......... bales.
59,769
Sisal bem p.......................... bales.
154,600
Flour.......... ...... bbls. and sacks.

June 1,
1895.

8,S05
23,653
13,225
30,313
178,977
62,185
68.143
5,721
1,624,290
None.
178,100
124,747
17,229
1,193
1,902
11,000
11,300
None.
10,000
4,200
33,183
62,889
145,100

14,429
20,856
16,981
64,610
240,476
80,007
36,816
3,902
333,906
13
30,200
222,480
18,212
1,607
3, <225
39,500
1,100
None.
3.400
900
29,494
14,321
95,500

T h e d e m a n d f o r la rd o n th e s p o t h a s b e e n q u ie t, b u t a
m o d e r a te e x p o r t b u sin ess f o r t h r o u g h s h ip m e n t f r o m th e W e s t
h a s b e e n tra n s a c te d . T h e c lo s e w a s s t e a d y a t 4 -45 c. f o r p r im e
W e s te r n , 4 -0 5 @ 4 T 0 c . f o r p r im e C ity a n d 4 ’ 75c. f o r r e fin e d fo r
t h e C o n tin e n t. T h e r e h a s b e e n n o s p e c u la t io n in t h e lo c a l
m a r k e t fo r la r d fu tu re s , b u t d u r in g th e la tte r p a r t o f th e w e e k
n o m in a l q u o ta tio n s w e r e ste a d ie r in r e s p o n s e t o W e s te r n a d ­
v ic e ? , w h e r e th e re w a s a d e m a n d f r o m “ s h o r ts ,-’ to c o v e r c o n ­
t ra cts , s tim u la te d b y a d e c r e a s e d m o v e m e n t o f s w in e , c lo s in g
s te a d y .
DAILY CLOSING PRICES OP LAUD FUTURES.

Sat.

Mon.

Tues.

Wed.

IK ur

Fri.

J u 'y .......... ...................... c.H 'day.
4-40
4-45
4-45
4 47
4-60
P o r k h a s b e e n in m o d e r a t e re q u e s t a n d s t e a d y , c lo s in g a t
$8 2 o @ $ 8 75 fe r o ld m e ss a n d $ 9 @ § 9 '5 0 f o r n e w d o . C u t m ea ts
h a v e b e e n q u ie t. T a llo w h a s b e e n in in c r e a s e d d e m a n d a n d
fir m e r, c lo s in g a t 3J^c. C o tto n se e d o il h a s b e e n fa i r l y a c t iv e
a n d fir m e r , c lo s in g at 30c. f o r p r im e c r u d e a n d 25 c. f o r p r im e
y e llo w . B u t te r , c h e e s e an d e g g s fa ir ly a c t iv e a n d s te a d y .
T h e d e m a n d f o r c o ffe e o f B r a z il g r o w t h h a s b e e n e x t r e m e ly
s lo w a n d p r ic e s q u o te d h a v e b e e n l a r g e ly n o m in a l, c lo s in g a t
13J^c. f o r R io N o . 7. M ild g r a d e s h a v e m o v e d r a t h e r s lo w ly ,
b u t f o r d e sira b le g r a d e s p r ic e s h a v e h e ld f a i r l y s t e a d y ,
c lo s in g at 17c. f o r g o o d C u c u t a a n d 34 @ 3 4J^ c. f o r s ta n d a r d
Java.
S p e c u la tio n in th e m a r k e t f o r c o n t r a c t s h a s b e e n
m o d e r a t e ly a c t iv e , b u t n o c h a n g e s o f im p o r ta n c e h a v e b e e n
m a d e in p r ic e s a n d th e c lo s e w a s s te a d y .
T h e fo l l o w i n g w e r e th e fin a l a s k in g p r ic e s :
Ju ne.................... ll-9 5 o . I Sept....................10-55o. |D eo....................10 05o.
J u ly ...................ll-4 5 o . O ct.......................10-25o. Jan................... lO-OOo.
A u g ................... 10-950. I N ov.....................10-200. I F eb................... 9-95o.
F o r r a w su g a rs th e r e h a s b e e n a q u ie t m a r k e t, a n d w e a k e r
E u r o p e a n a d v ic e s h a v e c a u s e d a fu r t h e r d e p r e ssio n in v a lu e s ,
b u t a t th e c lo s e th e r e w a s a ste a d ie r fe e lin g w it h 3 % b . b id f o r
c e n t r ifu g a ls 9 6 -d e g . te st, 3J^c. w a s q u o te d f o r m u s c o v a d o 89d e g . test. R e fin e d su g a rs h a v e s o ld s lo w ly a n d p r ic e s h a v e
b e e n lo w e r e d } 4 ° - G r a n u la te d q u o te d a t 5c. T eas h a v e b e e n
s te a d y .
K e n t u c k y t o b a c c o h a s so ld r a th e r m o r e fr e e ly a t fir m p ric e s .
S ales 200 h h d s. S e e d le a f t o b a c c o h a s h a d o n ly a v e r y lim ­
ite d c a ll, b u t p r ic e s h a v e h e ld f a ir ly s t e a d y . S a les f o r th e w e e k
w e r e 1,195 ca ses.
T h e r e h a s b e e n v e r y little t r a d in g in t h e m a r k e t fo r S tra its
tin a n d p r ic e s h a v e d e c lin e d in r e s p o n s e to w e a k e r f o r e ig n
a d v ic e s , c lo s in g q u ie t a t 13 -3 5 ® 13-45c.
T h e d e m a n d fo r
in g o t c o p p e r h a s b e e n m o d e r a t e ly a c t iv e a n d p ric e s h a v e h e ld
s te a d y , c lo s in g a t 1 0 ’4 0 @ 1 0 ‘75c. f o r L a k e . L e a d h a s b e e n q u ie t
a n d e a sy , c lo s m g a t 3 @ 3 OSJ^c. f o r d o m e s t ic . S p e lte r has a d ­
v a n c e d , c lo s in g s te a d y a t 4 10c. f o r d o m e s t ic . P i g ir o n has
b e e n in m o d e r a te d e m a n d a n d s t e a d y a t $10 7 5 @ §1 3 00 fo r
d o m e stio .
R efin e d p e tr o le u m h a s b e e n a d v a n c e d , c lo s in g a t 5-65c. in
b b ls ., 4-15c. in b u lk a n d 7 -5 5 c. in ca se s ; c r u d e in bb ls. h a s b een
n o m i n a l ; n a p h th a u n c h a n g e d a t 7>£c. C r u d e c e r t ific a t e s
h a v e a d v a n c e d , d o s i n g a t $1*08 b id . S p irits tu r p e n tin e has
been q u ie t a n d e a sie r, c lo s in g a t 2 5 ^ @ 2 8 c . R o sin s h a v e b e e n
w e a k e r , c lo s in g a t $1-75 f o r c o m m o n a n d g o o d s tra in e d .
W a d h a s b e e n q u ie t a n d w it h o u t c h a n g e . H o p s h a v e b een
in rin cre a se d d e m a n d a n d ste a d ie r.

5, 1896.

T h e M o v e m e n t o p t h e C r o p , a s in d ic a t e d b y o u r t e le g r a m s
fr o m t h e S o u t h t o -n ig h t , is g iv e n b e lo w . F o r t h e w e e k e n d in g
t h is e v e n in g t h e t o t a l r e c e ip t s h a v e r e a c h e d 14,878 b a le s ,
a g a in s t 17,890 b a le s la s t w e e k a n d 22,076 b a le s t h e p r e v io u s
w e e k , m a k in g t h e t o t a l r e c e ip t s s in c e t h e 1st o f S e p t ., 1895,
5,146,213 b a le s, a g a in s t 7,801,231 b a le s f o r t h e s a m e p e r io d o f
1894-5, s h o w in g a d e c r e a s e s in c e S e p t. 1,1 895 , o f 2,655,018 b a l e s .

Receipts at—

Mon.

Sat.

G alveston ........
Tex. City, &e.
New O rlean s...

Savannah .........
Brunsw’k, &o.
C harleston.......
Pt. R oyal, &c.
W ilm ington___
Wash’ton, &c.
N orfolk..............

New Y o r k .........

85

63
1,101
11

1,169
2

426

311

Tues.

Wed.

13

Thurs.

14

1,108
16
392

Fri.

162
1

423

386

39

102
776
90

406
102
4,739
120
1,765
15
1,537
1,816
620
1,915
24
292

3

587

8

1

15

211
15
77
1,816
6

586
24

547

340

163

220

59

......

___

......

250

146

256

......

. . . . ..

11

67

.....

......

. . . . ..

69
Philadelpli’a,&c

157

......

.....

1,378

....

Total.

231

3

1

.....

292

175

771
324
432

50
324

100

Tot’ls this week 2,260 2,959 3,680
876 1,285 3,818 14,878
T h e f o l l o w i n g s h o w s t h e w e e k 's t o t a l r e c e ip t s , t h e t o t a l s in c e
S e p t. 1, 1895, a n d t h e s t o c k t o -n ig h t , c o m p a r e d w it h la s t y e a r .

Receipts to
June 5.
G a lv eston ...
Tex. C.,&c.
New Orleans
M ob ile..........
F lorid a.........
S avan nah.. .
B r’ wick, &c
C harleston..
P.Royal,& c
W ilm ington.
Wash’n.&e.
N o r fo lk ........
West P oin t..
N’p ’t N., &c
New Y o r k ...
Boston..........
B altim ore...
Philadel., &c.

1895-96.

Stock.

1894-95.

This Since Sep.
Week. 1 ,1 8 9 5 .

This Since Sep.
Week. 1, 1894.

406 "922,138
102 112,364
4,739 1,723,433
120 195,635
32,583
1,765 746,073
15 115,088
1,537 279,367
77,242
1,816
620 *170,790
767
1,915 335,319
24 143,590
24,673
292
53,088
771 123,531
324
43,068
432
42,464

1,230 1,650,325
233
73,661
5,319 2,561,983
217 236,206
25,373
3,028 932,771
942 152,676
616 427,073
7 157,213
37 234,264
928
1,226 467,647
251 285,551
297
42,018
16 137,062
2,906 155,121
938 117,445
2,566 143,914

1896.

1895.

15,814

13,393

99,031
5,731

147,157
10,081

10,822
1,277
16,425

16,998
2,369
28,662

....

5,447

11,165

9,500
969

20,190
865
300
213,086
7,000
9,197
11,370

122,357
11,000
17,317
7,507

T o ta ls ....... 14,878 5,146,213 19,829 7,801,231 323,197 491,833
* 716 bales added at Galveston and 3,000 bales at WilmingtOD, as
correction o l receipts since Sent. 1.
I n o r d e r t h a t c o m p a r is o n m a y b e m a d e w it h o t h e r y e a r s , w e
g iv e b e lo w t h e t o t a ls a t le a d in g p o r t s f o r s ix se a son s.

Receipts at—

1896.

1895.

1894.

1893.

1892.

1891.

Galves’n &c,
New Orleans
M o b ile .........
S avan nah ...
Chas’ton, &c
Wilm’ton.& c
N o rfo lk .......
W. Point, &c.
All o th ers...

508
4,739
120
1,765
3,353
620
1,915
316
1,542

1,463
5,319
217
3,028
623
37
1,226
548
7,368

2,286
7,098
66
5,544
207
114
728
745
1,909

2,548
8,311
88
4,404
661
283
614
701
7,626

2,232
9,340
860
5,888
409
785
3,530
2,443
4,989

2,298
10,864
921
3,768
1,719
108
2,934
1,637
3,054

Tot. this wk.

14,878

19,S29

18,697

25,296

30,526

27,303

Since Sept. 1 5146,213 7801,231 5839,969 4930,402 6987,712 6811,216
T h e e x p o r t s f o r t h e w e e k e n d in g t h is e v e n in g r e a c h a t o t a l
o f 41,719 b a les, o f w h ic h 16,959 w e r e t o G r e a t B r it a in , 5,3 54
to F r a n c e a n d 19,396 t o t h e r e s t o f t h e C o n t in e n t . B e lo w a r e
th e e x p o r t s fo r t h e w e e k a n d s in c e S e p te m b e r 1, 1895.
E xp orts
fro m —
Galveston.......
Tex. City, &c..
New O rleans..
Mobile & Pen.
Savannah .......
Brunswick.......
Charleston*...
W ilm ington...
Norfolk............
W est P o in t....
N’ p’t News, &c
New York.......

W eek E n din g J u n e 5, 1890.
E xported to—
Great
B rit'n. France

2,906
2,100

5,008

Conti­ Total
nent. W eek.

4,774
4,250

1,813

9,0t’ 5
1,085

1,813

84G

800

800

8,305

17,716
1,035
1,167
100

1,107
100

Baltimore......
PMladelp’a,&c
T otal............

10,009

Total. 1894-95.

23.159

* including Port Royal.

12,688
2, ICO
4,250

5,354

From Sept 1, 1895, to J un e 5, 1896.
E xp orted to—
Great
B ritain . France
430,455
39,620
059,680
88,424
35,386
50,381
97,875
40,053
36,715
9,930
14,629
325,455

95,480
4,599
305,33b

56,094
8,602

2,017

20,349

1,770

27,89?

Conti­
nent.

Total.

104,634 090,569
42,252
83,471
545,422 1,510,440
29,947 118,371
300,409 362,144
74,340
23,959
170,948 274,818
90,708 132,531
52,533
15,818
9,930
14,629
251,069 604,417
79,792
32,894

13^503
41,490

19,396 41,719 2,144,830 403,446 1,756,639 4,364,905

549 38,220 02.234 3,314.027 700.440 2.429.196 0.509.603

CHE

J une 6. 1896.]

C H R O N IC LE .

I n a d d it io n to a b o v e e x p o r t s , o u r t e le g r a m s t o - n i g h t a ls o
g iv e u s t h e fo l l o w i n g a m o u n t s o f c o t t o n o n s h ip b o a r d , n o t
c le a r e d , a t t h e p o r t s n a m e d .
W e a d d s im ila r fig u r e s f o r
N e w Y o r k , w h ic h a r e p r e p a r e d f o r o u r s p e o ia l u se b y M essrs,
L a m b e r t & B a r r o w s , P r o d u c e E x c h a n g e B u ild in g ,

Th e S ales

and

1045
P rices

of

F utures

at New York

s h o w n by the following comprehensive table.

O N S H IP B O A R D , N O T C L E A R E D F O R —-

June 5 at—

Other Coast­
Great
Britain. France. Foreign wise,

New Orleans...
Galveston........
Savannah . . . . . .
Charleston. . . .
M obile.............
N orfolk...........
New Y o rk .......
Other ports___

4,536
3,297
None.
None.
None.
None.
2,200
7,000

None.
None.
None.
None.
None.
None.
225
None.

9,251
None.
1,000
1,200
None.
None.
9,450
2,100

7,467
239
None.
400
None.
2.000
None.
None.

Leaving
Stock.

Total.
21,254
3,536
1,000
1,600
None,
2,000
13,875
9,100

77,777
12,278
9,822
14,825
5,731
7,500
110,482
34,417

Total 1898...

17,033

225 23,001

10,106

50,365

272,832

Total 1895...
Total 1894...

26,855
13,649

3,560 25,943
None. 16,712

4,510
8,343

60,866
38,709

430,965
391,367

Speculation in cotton for future delivery has been fairly
active but confined principally to professional traders, the
interest shown by outsiders having been limited, although
there has been some selling by the South of the next crop,
prompted by the generally favorable crop prospects. Mon­
day there was a quiet market and the changes in prices were
unimportant. Tuesday the opening quotations showed a slight
improvement in response to better advices from Liverpool
than had been expected; subsequently, however, general sell­
ing, prompted by favorable prospects for the growing crop,
caused a decline and prices showed a net loss for the day of
10 to 14 points. Wednesday the market appeared demoral­
ised; " lo n g ' holders liquidated freely, as not only was
the favorable crop outlook discouraging to holders,
but the unsettled feeling over the political situation,
the uneasiness felt in financial circles in consequence and
the dulness o f trade in manufactured cotton goods all had a
tendency to bring about a depression in values. The net
loss for the day was 10 to 14 points. Yesterday there
was a recovery of 6 to 8 points in values, largely on a de­
mand fr o m ‘ ‘ shorts” to cover contracts, stimulated by the
Chkon' klf .'s special report on acreage, which showed an in­
crease ;©f 13-9 per cent, whereas a much larger increase had
been expected. Continued reports o f drouth in Southwest­
ern Texas also had a strengthening effect upon prices. To­
day the market declined 5 to 7 points during early 'Cluuige
in response to weaker advices from Liverpool; subsequently
there was a demand from “ shorts ” to cover contracts, stim­
ulated by further reports o f drouth in Southwestern Texas,
and prices advanced, closing 1 to 4 points up for the day.
Cotton <m the spot has been quiet. Tuesday juices declined
tjc. followed by a further decline of }%c. on Wednesday. To­
day the market was quiet and unchanged: middling uplands
quoted at 7;i'c.
The total sales for forward delivery for the week are 858,300
bales. For immediate delivery the total sales foot up this week
11,583 bales, including 300 for export, 1,0;® for consumption,
— for speculation ana i 0,800 on contract. The following are
the official quotations for each day o f the past week—
May 80 to June 8,
Rates on and off middling, as established Nov, 33, 1893,
and revised Dec, 11,1395, by the Revision Committee at which
grades other than middling may be delivered on contract;
P a ir...™ ...................... o.
Middling Fair...................

on. t Good Ordinary............ ..o . 1
oil.
on. >Good Middling Tinged... Even.
on. I Strict Middling Stained.. V , oft.
Good Middling..................
on. Middling Stained............ •<» oil.
Strict Low Middling........ *,« oil. : Strict Low Mid. Stained..
oft.
Low Middling .................. % off. i Low Middling Stained.... 14,
oft.
Strict Good Ordinary....... n , 8 off. I
-a

Strict Good Middling....... %

On this basis the prices for a few o f the grades would be as
follows.
nut.
jjp

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

I

GULF,

M on T u e » W ed

Th.

F fl

a\
64,
7h
7^9
74,
7\
8h* 81,g
k l
84
8%
SS»8
1
M o n T « e » W ed T h .

64,
7%

7
7%

Sat.

Good Ordinary............... ..........
Low Middling...........................
Middling...... ....... .......
Good Middling...........................
Middling Fair............................

I

STAINED.

Sat.

..

Il«
6%
Nrl

t» ,«
8’ s

7
7*8
8
SJie
878

M on jT t!© *! W ed. T h .

Fril.

7'a
77s
8M
8®ia
9%

Low MM&ttBg.... . . . . . . . . ___. . .
Middling...... ............................ . Holi­
Strict M iddling......................... day.
Good Middling Tinged.............

8%

7%
74,
8%
87je
9

7
7»s

7
7=9
8
gjis
87e

64, I 65» i 6-0
7«s \7H 17%

H

•hJ<I*v1©3 ;
JSthfgr
J5____

UPLANDS.
Good Ordinary__________ . . . .

MARKET ASP SALES,

6<*
includes sales in September, for September, 15,300; Hepcember7%
Octolier, for October, 513,800; Septembor-ttovember, for November,
417,200;
Septembor-Deoeartier, f ir December, 1,697,200; SepteraberV2Si
7 %
January, for January, 11,143,100; Sept.-Feb., for Febrnary, 627,700;
Sept.-Matcb, for March, 11,042,900; Sept.-April, for April, 627,800.
T h e f o l l o w i n g e x c h a n g e s h a v e b e e n m a d e d u r in g t h e w e e k :

BAJAm OF SPOT AND CONTRACT.
CLOSED,

Ex­
port.

Sales of
Futures.
Con- ! Spec- Con­
tump. |uTt'n tract. Total.

Easy ................
Quiet at % d ee..
Quiet, at > 3 dee..
Quiet.................
Quiet................. |

Total 1 ....... ............... •

2 0 0

:: : :
2 0 0

:foto ■«#Ci

Holliday,,
Monday.
Tuesday
Wed’ day
Tburid’ y
Friday.,

6,400 0,626
2,415
2,114
1 ,0 0 0
114
269

03,300
195,000
218,100
199,100
152,800

1,038't .. . . 10,300111,538

858,300

2 ,0 0 0

■7
/.
I, it t n C3 ,
f F .. A i,.-,
a a r a li
A A To n
/ i a iJ a a I
05 pd. 4to
exoh. O200
Jan. ffor
Sept.
■67
pd. eto
exeh.
2 1 0 Sept, for Aug
01 pd. to exoh. 390 Aug. for July.
pcL to exoh. 200 Nov. for Deo.
01 pd. to exeh. 100 Jan. for Oet.
•60 pd. to exoh. 1,000 Sep. for Aug
•02 pd. to exeU. 3 JO Aug. tor July. ■69 pd. to exch, 100 Dec. for Aug.
T h e V is ib l e S u p p l y of C otton to-n ig h t, as m a d e u p b y c a b l e

•02

a n d t e le g ia p h is a s fo llo w s . T h e C o n t in e n ta l s t o c k s , a s w e l l a s
th o se f o r G r e a t B r it a in a n d t h e a flo a t a r e t h is w e e k ’s r e t u r n s
an l c o n s e q u e n t ly a ll t h e E u r o p e a n fig u r e s a r e b r o u g h t d o w n
to T h u r s d a y e v e n in g . B u t t o m a k e t h e to ta ls t h e o o m p le t e
fig u res f o r t o -n ig h t (J u n e 5), w e a d d t h e it e m o f e x p o r t s f r o m
th e U n it e d S ta te s , in c lu d in g in it t h e e x p o r t s o f F r id a y o n l y :

1896.
1895.
1894.
1893Stock at L iv e rp o o l.......bales. 1,026,000 1,612.000 1,552,000 1,563,000
Stock at L oudon........... ...
4,000
7,000
6,000_____ 5,000
Total Great Britain stock. 1,030,000 1,619,000 1,558,000 1,568,000
16,000
28,000
23.000
Stock at H am burg...................
27,000
Stock at B rem en......................
207,000 312.000 175.000 160,000
18,000
15.000
18.000
Stock at A m sterd am ...............
9,000
300
200
200
Stock at R otterda m ................
200
10,000
16.000
15.000
Stock at Antwerp......................
13,000
393.000
Stock at H a vre.......................... 263,000 454.000 427.000
7,000
5,000
7,000
Stock at M arseilles..................
7,000
87.000 109.000
Stock at B arcelona..................
83,000 109.000
20,000
21.000
59.000
Stock at G enoa.........................
83,000
22,000
29,000
20.000
Stock at Trieste.........................
30,000
Total Continental stocks.. 72 2,20 01,0 15,2 00 805,200 755,300
Total European stocks— 1,752,200 2,664,200 2,363,200 2,323,300
India cotton afloat fo r Europe 172,000 200,000 180,000 171,000
A m er.cotton afloat fo r Europe 111,000 158,000 112,000 131,000
9,000
19,000
25,000
55,000
Egypt, Brazil, <&o.fafl t.for E ’ pe
Stock in United States ports . 323,197 491,833 420,076 446,356
86,421 112,131 187,899
Stock in U. S. interior towns.. 137,707
6,898
6,954
3,602
2,562
United States exports to-dayTotal visible supply.......... 2,512,002 3,626,408 3.216,009 3,317,117
tbe above, totals o f A m erican and other descriptions are as follow s:
-A.memc a ?i —
870,000 1,522,000 1,313,000 1,294,000
L iverpool stock ............. kales
Continental stock s................... 580,000
935,000 651,000 632,000
American afloat for Europe -.
111,000 158,000 112,000 131,000
323,197
491,833 420,076 446,356
United States sto ck .................
United States interior stocks. 137,707
86,421 112,131 187,899
United States exports to-day.
6,898
6,954
3,602
2,562
Total A m erioan................ 2,028,802 3,200,208 2,611,809 2,693,8 L7
East Indian, Brazil, <£•«.—
L iverpool stook........................ 156,000 120,000 239.000 269.000
5,000
6,000
L ondon stock.....................
4,000
7,000
Continental stocks................... 142,200
80,200 154,200 123,300
India afloat fo r E urop e..........
172,000 200,000 180.000 171.000
55,000
25,000
E gypt, Brazil, <fce., afloat.......
9,000
19,000
Total East India, & c......... 483,200
426,200 601,200 623,300
T otal A m erican ................. 2,028,802 3,200,208 2 ,6 11,809 2,693,817
Total visible s u p p ly ......... 2,512,002 3,626,408 3,216,009 3,317,117
M iddling Upland, L iverp ool..
3l6,„d.
3 7sd.
H ie d .
4kd.
M iddling Upland, N ew Y o rk .
7%o.
7 Mo.
7ko.
7i3ls o.
E gypt G oodB eow n, L iverpool
6kd.
6 ^ p,d.
5d.
5 lid .
Beruv.Kougli Good, L iverpool
6 lp i.
5kd.
5 ' l, t;d.
6kd.
Broaoli Fine, L iverp ool..........
3%d.
3kd.
43j,d.
4 » ifid.
T m nevelly Good, L iv e rp o o l..
3%d.
3H16d.
3 iou d.
4 lid .
£2F“ T h e im p o r t s in t o C o n t in e n t a l p o r t s t h e p a s t w e e k h a v e
b e e n 42,000 b a le s.
T h e a b o v e fig u r e s i n d ic a t e a d e c r e a s e i n t h e c o t t o n in s ig h t
t o -n ig h t o f 1,114,403 b a le s as c o m p a r e d w i t h t h e s a m e d a te
o f 1895, a fa llin g o ff o f 704,007 b a le s f r o m t h e c o r r e s p o n d in g
d a te o f 1894 a n d a d e cr e a s e o f 805,115 b a le s f r o m 1893.

A t the I nterior T owns t h e m o v e m e n t — t h a t is t h e r e c e ip t s
f o r t h e w e e k a n d s in c e S e p te m b e r 1, t h e s h ip m e n t s f o r th e
w e e k a n d t h e s t o c k s t o -n ig h t , a n d t h e s a m e it e m s f o r t h e
c o r r e s p o n d in g p e r io d o f 1894-95— is se t o u t in d e t a il b e lo w .

CDO
9
sfep
©:
t* •
:3i:
q

3K
|e t»

K g

®h H
H Q
2« M
a " ; : ; : : 2 1 -h :

<!'
00CO» CO,-*,-03 t-*
o : Ct 03~4CJ'£-UUOCOL-CODCO
<1- t-‘ COtCtOOCOrfx^COtCl^.<l

G a lv eston . .
New Orleans
M ob ile.........
Savannah...
Charleston..
W ilmington.
N o rfo lk .......

OI
to
to
M
to M
M
M
?2 ^ ^
w W ° ° 1c505 ^ ^ ^ m m cda ci o © *0 co to o < i »f- m
M b ib o T o o b i c ib i moiodTo c : o < it o a ) to

•
;
•

Mon.
73a
7M
7 12
7ks
7>a

B altim ore. .
Philadelphia
A ugusta.......
M emphis___
St. L ouis___
H ou ston ___
C incinn ati..
L ou isville...

8%
8M
7%
73s
7ia

fi
;
;

7%
7%

:

Tues.

Wednes.

7*8
73s

7k

7*2
7*3
7k
7 'ie
8
8 's
8k
7%
7k
7k
7k
7-%
7k

7 ;{3 w^2
7k
7k
7 78
8
8
7%
7^3
71,8
7h«

7k

7H
7%

W eek
Ending—
May 1 .......
“
8 .......
“
15.......
“
22.......
“
29.......
June 5 .......

R eceipts a t the P orts.
189L

1895.

38,823 56,937
27,850 41,900
21,604 30,565
21,602 29,065
12,2081 29,020
18,697 14.878

39,828
37,331
34,871
22,076
17,890
19.829

1894.

1895.

170,936
155,917
147,049
134,495
123,963
112,131

165,978
148,553
137,322
114,859
101,628
86,421

St. L ou is...............
Cairo.................... .
Parker C ity.........
E vansville............
Louisville.............
Cincinnati............
other routes, &o.

Total gross overland..............

1896.

O
£

s

1894.

1895.

1896.

233,044 24,814 36,274 25,768
209,770 12,831 24,475 14,057
187,120 12,736 19,334 12,221
9,048
6,602
163,017
2,310
1,676 15,789
147,437
4,622
5.14
6,865
137,707

4,027
1,228
187
2,474
3,897
348

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

12,161 1,126,870

1894-95.

Week.
3,109
1,534
100
3,161
280
946

Since
Sept. 1.
914,144
329,924
35,100
3,817
187,909
175,702
147,006

9,130 1,793,602

Overland to N. Y ., Boston, &c.
B etw een in teiior tow ns............
Inland, <fec., from South............

1,527
57
831

267,151
3,436
48,911

6,426
27
267

553,542
30,496
73,956

Total to be deducted...............

2,415

319,498

6,720

657,994

MS

tO;
00;
M
W
;
to*
;
CO; to C5‘ MCCIOtOM
M•M COtO
t0£-■ M tO•
cd, to m oi, o to to -a o to o>c ; ocoit-oif- Mif-co; o» it- o»; n^-coto
O' O MOi OMClCOCCClOtO- O OGDto OO ClGD• OClO* ©<]«q

7M
7k
7
7k
Nominal.
7k
7k
7%
77e
8
7k
7k
7516
7k8
7%
7%

Leaving total net overland*..
2,410 1,135,608
9,746 807,372
* Including m ovem ent by rail to Canada.
T h e fo r e g o in g s h o w s t h a t t h e w e e k ’s n e t o v e r la n d m o v e m e n t
th is y e a r h a s b e e n 9,746 b a le s, a g a in s t 3,410 b a le s f o r t h e
w e e k in 1895, a n d t h a t f o r 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 e t
o v e r la n d e x h ib it s a fa llin g o f f f r o m a y e a r a g o o f 323,236 b a les.

&

q i^ . O C C C l C O C D C l i f - C O O l lf - C O O l f - C O - J M C O C O O O O lf - t O O l f - C O C O t O C O O '
< U v C 5 C O C lM C O M O O lf - O iC 1 0 ; O lf - C O C lC O t O C O C 0 ^ 3 t O M t O if - O iM < J t O

7H

7k
7
77,8
7k® k
7k
7k
7%
778
8
7k
7k
7k
7k
7%
7%

Sfc’fe a t In terio r Tovms. R ec’pts fr o m P la n t’ns.

1896.

Deduct shipments—
I S3
S §
on ??

Fri.

T h e a b o v e s t a t e m e n t s h o w s : 1 .— T h a t t h e t o t a l r e c e ip t s
fr o m t h e p la n t a t io n s s in c e S e p t. 1, 1895, a r e 5,351,220 b a le s ; in
1894-95 w e r e 7,830,317 b a le s ; in 1893-94 w e r e 5,8 75.9 34 b a les.
2 .— T h a t a lt h o u g h t h e r e c e ip t s a t t h e o u t p o r t s t h e p a st w e e k
w e r e 14,878 b a le s, t h e a c t u a l m o v e m e n t f r o m p la n t a t io n s w a s
o n l y 5,148 b a le s , t b e b a la n c e b e in g t a k e n f r o m t h e s t o c k s a t
th e in t e r io r t o w n s . L a s t y e a r t h e r e c e ip t s f r o m t h e p la n t a t io n s
fo r th e w e e k w e re
4,622 b a le s a n d f o r 1894 t h e y w e r e
6,365 b a les.
Overland Movement for the W eek and Since Sept . 1.—
W e g iv e b e lo w a s t a t e m e n t s h o w in g t h e o v e r la n d m o v e m e n t
f o i i h i w e e k a n d s in c e S e p te m b e r 1. A s t h e r e tu r n s r e a c h u s
b y t e le g r a p h la t e F r id a y n i g h t i t is im p o s s ib le t o e n t e r so
la r g e ly i n t o d e t a il a s m o u r r e g u la r m o n t h ly r e p o r t , b u t a ll
th e p r in c ip a l m a tt e r s o f in t e r e s t a r e g iv e n . T h is w e e k ly
p u b lic a t io n is o f c o u r s e s u p p le m e n ta r y t o t h e m o r e e x t e n d e d
m o n t h ly s t a t e m e n ts . T h e r e s u lts f o r th e w e e k e n d in g J u n e 5
a n d s in c e S e p t. 1 in t h e la s t t w o y e a r s a r e a s f o llo w s .

Via
Via
Via
Via
Via
Via
Via

MS

Thurs.

T h e c lo s in g q u o t a t io n s t o -d a y (F r id a y ) a t o t h e r i m p o r t a n t
S o u t h e r n m a r k e ts w e r e a s fo llo w s .
A tla n ta ............
71 tr I E u fa u la ...................... . N atch ez............ 6'&i6
Little R o o k ....
6%
R a le ig h ............
7k
7k
C harlotte.........
Ooluinbua, G a.
7
7M
M on tgom ery...
7
Selina................
7k
S hreveport....... 6%
Columbus. Miss
6% I Nash v llle .........
R eceipts from the P lantations.—T h e f o l l o w i n g t a b le
in d ic a te s t h e a c t u a l m o v e m e n t e a c h w e e k f r o m t h e p la n t a t io n s .
T h e fig u r e s d o n o t in c lu d e o v e r la n d r e c e ip t s n o r S o u t h e r n
c o n s u m p t io n ; t h e y a r e s im p ly a s t a t e m e n t o f t h e w e e k ly
m o v e m e n t f r o m t h e p la n t a t io n s o f t h a t p a r t o f t h e c r o p w h ic h
fin a lly r e a c h e s t h e m a r k e t t h r o u g h t h e o u t p o r t s .

Shipped—

CO m OM i- m
•
to
01
tOCOtOOClO'OitO C0if-O»; H-JO
COto to CJ'to
vliytOOtOMif-COCHGDOKO. OOGCCOif-OOOiOGOCO

O I M p H W p i f © i f t f*C 0 O O C O C ! » lf - t O O G D O O iC O if - C O C J iC D t O O » Q O < J C O C D

Satur.

Week.

o»; tocoif-m ! if- toifO • O 00GOtO’ GOIf- OIo Ci

COM
5-WkOM M M
Cl
M
Cl if- MODM
M^-0MCOOD
CX)7-iCDO' CDCOCOtO
OOOl-JMOCOOOtOOOCOOCntOGD —OlCCOKIGOtOCO
if-OOMCOCDCOOMtOClCJClif-ClCJKC’ tOCOQj—MOi

cd if- oc <j co co Vj c o b ia o o

C bO SIN G Q U >TA TIO IfS F O R M ID D LIN G C O T TO N O N —

,.

June 5.

1895-96.

bo
p
^
;
•
•
© H* O l CO t o ’c c t o O I t - M ’ if- If- M • O l< J C>I M O i ' i—* if.
©«OOl<-3Cll^bO<lC*tO, Ol -JMCJl! ClOClOtO-Q! <] © <1
QOif-OT OtOOOOCi^J^COOOC: • O W C O 'J . -vtif-C O O O i. to00<1

oi

~r

June 5.

COCCCl-]COtOClC:»-‘ WOOiOGD<JOCOl—tOCOtCOCOO»WOiMCCif-if-if^
OIOCT. H‘ C5UUClf-t-‘ if-h-^Jif-CC'<10l-‘ COtOtOtOCDWOWGO|f-Oi<101<l

CO
to
if- CMOOOj;
£
OHOCDif O

Quotations for Middling Cotton at Other Markets . —
B e lo w are closing quotations of middling cotton at .Southern
and other principal cotton markets for each day of t h e week.

§ K9
sg 3

c o ^ o u o M ^ c c o to to c s o ta if-c o if-t o -o i cn on ^ -ococutoco^ toM i-*
aoMCOh-GD.'-’
w © oc ooy r -© © w m © os x © jp-^ jp

<1 M
9? 7 -

fVOL. LA.11S

THE CHRONICLE.

1048

In Sight and Spinners’
Takings.

<1 Reoeipts at ports to June 5 ..........
Net overland to June 5 .................
CD Southern consumption to June 5.
UI
Total m a rk eted .........................
Interior stocks in e x c e ss ...............

M to C1M; o o O' to OIoi Oi if- M<J CO -I O' Cl if- O MOiCO i f
9 o O' to oi: COOtOCOO'O-l-JOMtOOlOitOOOtOOGOaotOOCOtO - a w
MCOOOCOlf- COOO'OOOi|f-<10CHOOiClMClM|f^OCOMOMCKJ
Louisville figures “ n e t” In both years.
t Tliis year’s figures estimated.
1 Last year’ s figures are fo r N ewberry, S. 0.
T h e a b o v e t o t a ls s h o w t h a t t h e in t e r io r s t o c k s h a v e dec,
d u r in g t h e w e e k 9,730 b a le s a n d a r e n o w 51,286 b a le s m o r e
th a n a t s a m e p e r io d la s t y e a r . T h e r e c e ip t s a t a ll t h e t o w n s
h a v e b e e n 6,537 b a le s m o re t h a n sa m e w e e k la s t y e a r a n d s in c e
S ep t. 1 a r e 2,017,150 ba les less t h a n f o r s a m e t im e in 1891-95.

Came Into sight during week.
T otal In sight June 5 ...............

1895-96.

Week.

Since
Sept. 1.

14,878 5,146,213
9,746 807,372
17,000 754,000

1894-95.

Week.

Since
Sept. 1.

19,829 7,801,231
2,410 1,135,608
10,000 649,000

41,624 6,707,585 32,239 9,585,839
29,086
*9,730 105,007 *15,207
31,894

17,032
6,812,592

9,614,925

2,904 2,024,508
North’n spinners tak’gs to June 5 18,060 1,547,772
Decrease during week.
I t w i l l b e se e n b y t h e a b o v e t h a t t h e r e h a s c o m e in t o s ig h t
d u r in g t h e w e e k 31,894 b a le s, a g a in s t 17,032 b a le s f o r t h e
s a m e w e e k o f 1895, a n d t h a t t h e d e c r e a s e in a m o u n t in s ig h t
t o -n ig h t as e o m p a r e d w it h la s t y e a r is 2,802,333 b a les.

J une 6, 1896.]

THE CHKONICLE.

1047

W e a t h r b R e p o r t s b y T e l e g r a p h .— Our telegraphic ad" s e c tio n s w a s in ju r e d b y p re v io u s d r y w e a th e r. W e h a v e h a d
Tices from the South this evening are as a rule of a favorable r a in o n th r e e d a y s , th e r a in fa ll r e a c h in g e ig h t y -e ig h t h u n ­
d re d th s o f a n in c h . A v e r a g e th e r m o m e te r 76, h ig h e s t 91 a n d
character. The weather has been dry in many districts of lo w e s t 60.
£
the Southwest during the week and moisture is needed. But
M a d is o n , F lo r id a ,— R a in has fa lle n o n e a c h d a y o f th e
elsewhere rain has been quite general and on the whole very w e e k , t o th e e x te n t o f fo u r in c h e s a n d s e v e n t y h u n d r e d th s .
beneficial. The temperature has been decidedly satisfactory. T h e t h e r m o m e te r h a s a v e r a g e d 80, th e h ig h e s t b e in g 90 a n d
t h e lo w e s t 76.
Except where rain is needed, cotton is developing very prom­
A u g u s t a , G e o r g i a .— T h e r e h a s b e e n r a in o n fo u r d a y s o f
isingly.
th e w e e k , th e p r e c ip it a t io n b e in g t w o in c h e s a n d t w e lv e h u n ­
d
r
e d th s . A v e r a g e th e r m o m e te r 78, h ig h e s t 93 a n d lo w e s t
G a lv e s to n , Texas.—Dry weather has prevailed over a large
part of the State during the week and a good general rain is 66 .
C o lu m b u s , G e o r g i a ,— W e h a v e h a d r a in o n th r e e d a y s o f
much needed. The temperature has been tha highest of the th e w e e k , t o th e e x t e n t o f s ix t y -n in e h u n d r e d th s o f a n in c h .
season in some localities. Early cotton Is forming squares, T h e th e r m o m e te r h a s a v e r a g e d 76, r a n g in g f r o m 62 to 90.
S a v a n n a h , G e o r g i a .— T h e r e has b e e n r a in o n fiv e d a y s d u r ­
and some is blooming over the southern portion of the State.
Late cotton is suffering for moisture. Early plantings have in g th e w e e k , th e r a in fa ll r e a c h in g th ree in c h e s a n d s ix t y th r e e h u n d r e d th s . T h e t h e r m o m e te r h a s r a n g e d f r o m 68 to
not suffered from dry we ither where well worked, but raid 95, a v e r a g in g 79.
• =f
would improve its growth. The drought has had a tendency
C h a r le s to n , S o u th C a r o l in a .— W e h a v e h a d r a in o n fiv e
to reduce p sts. but a species of web-worm unknown to d a y s d u r in g th e w e e k , th e p r e c ip ita t io n r e a c h in g t w o in c h e s
farmers is doing some damage in the vicinity of Belleville. a n d e ig h t v -t w o h u n d r e d t h s o f a n in c h . T h e th e r m o m e te r h a s
a v e r a g e d 78, r a n g in g fr o m 70 t o 93.
W e have had a trace of rain during the week. The ther­
S ta te b u r g , S o u th C a r o lin a .— M oistu re h a s b e e n w e ll d is­
mometer has averaged 81, the highest being 89 and the low­ trib u te d a n d v e r y b e n e fic ia l. T h e w e e k ’s r a in fa ll h a s b e e n
o n e in c h a n d e ig h t y -s e v e n h u n d r e d tn s , o n f o u r d a y s. T h e
est 74.
Palestine, Texas.— W e have had rain on one day of the past th e r m o m e te r h a s r a n g e d f r o m 64 to 89, a v e r a g in g 75 '8.
G r e e n w o o d , S o u th C a r o l in a .— I t h a s r a in e d o n fo u r d a y s o f
week, the precipitation reaching sixty hundredths of an inch. th e w e e k t o th e e x t e n t o f th r e e in c h e s a n d n in e ty -n in e h u n ­
d
re
d th s . A v e r a g e t h e r m o m e t e r 79, h ig h e s t 90, lo w e s t 58.
The thermometer has averaged 80, ranging from 64 to 98.
W ils o n , N o r th C a r o lin a .— W e h a v e h a d r a in o n o n e d a y o f
Huntsville, Texas.—Dry all the week. The thermometer
t h e w e e k , th e p r e c ip ita t io n r e a c h in g t w e n t y -e ig h t h u n d r e d th s
lias ranged from 70 to 97, averaging 84.
o f a n io c h , X k e t h e r m o m e te r h a s a v e r a g e d 75, th e h ig h e s t
Dallas, Texas.—There has been no rain the past week. b e in g 88 a n d th e lo w e s t 66.
T h e fo l l o w i n g s t a t e m e n t w e h a v e a ls o r e o e iv e d b y t e le g r a p h ,
Average thermometer 80, highest 98, lowest 63.
San Antonio, Texas.—We have had dry weather ail the s h o w in g t h e h e ig h t o f t h e r iv e r s a t t h e p o in ts n a m e d a t
9 o ’c l o c k J u n e 4, 1896, a n d J u n e 6, 1895.
week. The thermometer has averaged 84, the highest being
June 4, ’96. June 6, ’95.
98 and the lo west 70.
Luting, Texas —The weather has been dry all the week.
Feet.
Feet.
The thermometer has averaged 83, ranging from 70 to 100.
New Orleans.......
10-6
4*7
243
7-5
Columbia, Texas,—We have had rain on one day of the Memphis.............
12*9
Nashville........
4*0
week, the rainfall reaching two hundredths o f an inch. The Shreveport..........
2*6
4-4
thermometer has ranged from 68 to 97, averaging 82.
Vicksburg.. . . . . . . ........ Above r,ero of gauge.
31*3
10*0
Otura. Texas.—There has been rain on two days during the
M a n c h e s t e r C o t t o n G o o d s T r a d e . — I n o u r e d ito r ia l d e ­
week, to the extent of thirty hundredths of an inch. Average
thermometer 84, high* at 100, lowest 83.
p a r tm e n t to -d a y (p a g e 1016) w ill b e fo u n d a n in t e r e s tin g le t­
Brenham. Texas.—W e have had no rain during the week. te r f r o m o u r M a n c h e s te r c o r r e s p o n d e n t , w h ic h d e a ls p a r t ic u ­
The thermometer has averaged 84, the highest being 99 and
la r ly w it h th e c o t t o n - g o o d s tra d e o f th a t m a n u fa c t u r in g
the lowest 69.
Temple, Texas.—It has been dry all the week. The ther­ c e n t r e . I t is o u r in t e n t io n to p u b lis h s im ila r c o m m u n ic a t io n s
mometer has averaged 80, ranging from 63 to 98.
e a c h q u a r te r h e r e a fte r ,
Port Worth, Texas. —There has been no rain during the
I n d i a C o t t o n M o v e m e n t F r o m a l l P o r t s .— T h e r e c e ip t s
week. The .hermometer has ranged from 63 to 98, averag­
a n d s h ip m e n t s o f c o t t o n a t B o m b a y h a v e b e e n a s f o llo w s f o r
ing 80,
Weatherford, Texas.—Dry weather has prevailed all the th e w e e k a n d y e a r , b r in g in g t h e fig u r e s d o w n t o J u n e 4.
B O M B A Y R E C E IPT S AN D SH IP M E N T S F O R F O U R T E A R S .
week. Average thermometer 92, highest 10f , lowest 63
New Orleans, Louisiana.—It has rained on five days of
j Shipme’Us this wee k
Shipments since Sept. 1.
Receipts.
week, the rainfall reaching eighty-three hundredths, of an
This
Qj'eat OontiSince
Hear Great Conti- _ , .
TotaL
inch. The thermometer has averaged 80,
Week. Sept. 1.
Bril'n nenu TotaL Britain nent.
Shreveport, Louisiana.—There has been a trace of rati
one day of the week. The thermometer has averaged 81, *95-0 ........ 21,000 ’21,000 69.000 659,000 723.000 41.000 2.003.000
*94451 2,000 73.000 75,000 21.000 398,000 422.000 67.000 1.341.000
ranging from 67 to 94.
‘93-4’ ........ 53.000 53.000 44.000 704,000 748.000 48.000 3.591.000
C o lu m b u s , Mississippi.—A large area of prairies is in need ’92-3 1,000 29.000 30,000 38.000 706,000 744.000 57.000 1.557.000
of ram. There has been rain on one day during the week,
A c c o r d in g t o t h e f o r e g o in g B o m b a y a p p e a r s t o s h o w
the rainfall reaching one Inch and sixty-five hundredths. The
a d e c r ea s e c o m p a r e d w it h la s t y e a r in t h e w e e k 's r e c e ip t s o f
thermometer has ranged from 06 to 100, averaging83.
IMand, Mississippi,—The weather has been dry all the 20,000 b a le s a n d a d e c r e a s e in s h ip n e a t s o f 54,000 b a le s, a n d
th e s h ip m e n t s s in c e S e p t. 1 s h o w a n in c r e a s e o f 316,000 b a le s.
week. Average thermometer 79*4, highest 90 and lowest 63.
Vicksburg, Mississippi,—Rain has fallen on one day of the T h e m o v e m e n t a t C a lc u t t a , M ad ra s a n d o t h e r I n d ia p o r t s f o r
week, to the extent of thirty-two hundredths of an inch. Tha t h e h ist r e p o r t e d w e e k a n d s in c e t h e 1st o f S e p te m b e r , fo r t w o
thermometer has averaged 79, the highest being 92 and the y e a rs, has b e e n a s fo llo w s . “ O t h e r p o r t s ” c o v e r C e y lo n ,
T u t ic o r in , K u r r a e h e e a n d C o e o n a d a .
lowest 66,
Little Bock, Arkansas.—We have had rain on two days dur­
Shipments since Sept. 1.
Shipments for the week.
ing the week, the precipitation reaching one inch and thirtyGreat
Great
Conti­
one hundredths. The thermometer has averaged 70, ranging
Total.
Britain. Continent. Total.
Britain. nent.
from 62 to 93.
Helena, Arkansas.—Crops were never better, W e have had Calcntta—
2,000
11,000
64,000
3,000
75,000
1895-96...
1,000
showers on two days of the week, the rainfall reaching sixty
6,000
23,000
28,000
1894-95...
hundredths of an inch. The thermometer has ranged from Madras—
64 to 93, averaging 76 4.
10,000
9,000
1,000
1,000
19,000
1895-96...
10,000
6,000
16,000
Memphis, Tennessee.—Crop reports are fine and blooms are
1894-95...
numerous. There has been rain on four days during the All others—
71,000
2,000
15,000
86,000
1,000
1895-96...
1 ,0 0 0
week, to the extent of fifty hundredths of an inch. Last
63,000
16,000
4,000
85,000
1894-95...
4,000
month was the warmest May on record. Average therm >mTotal all—
eter 714 highest 90-4, lowest 61*1.
144,000 180,000
6,000
36,000
2,000
4,000
1395-96...
Nashville, Tennessee.— We have bad rain on four days
28,000
101,000
4,000
129,000
1894-95-.
4,000
during the week, to the extent of one inch and ninety three
T h e a o o v e t o t a ls fo r t h e w e e k s h o w t h a t t h e m o v e m e n t fr o m
hundredths. The thermometer has averaged 80, the nighest
th e p o rts o t h e r t h a n B o m b a y is 2,000 b a les m o re th a n t h e s a m e
being 85 and the lowest 75.
Molyile., Alabama.— Crop reports are very good.
The w e e k la s t y e a r . F o r t h e w h o le o f In d ia , t h e r e fo r e , t h e t o t a l
weather has been warm, with rain on four days of the s h ip m e n ts s in c e S e p te m b e r 1, 1895, a n d fo r t h e c o r r e s p o n d in g
week, to the extent of two inches and forty-five hundredths. p e r io d s o f t h e t w o p r e v io u s y e a r s , a r e a s fo llo w s .
EXPORTS TO EUROPE FROM A M . INDIA,
The thermometer has averaged 79, ranging from 70 to 88.
Montgomery, Alabama.— Blooms are reported all around.
1894-95.
1893-94.
1895-96.
Shipments
Moisture has done good and crops are fine. There was rain
to
all
Europe
This
Since
Since
This
Since
This
on four days in the early part of toe week, the rainfall reach­
from—
week.
week.
Sept. 1.
Sept. 1.
week.
Sept. 1.
ing one inch and eighty hundredths. Warm and clear since
yesterday. The thermometer has ranged from 6) to 91, aver­ Bombay . . . . . . 21,000 728.000 75,000 422,00D 53,000 743.000
9,000 201.000
4,000 129,000
6,000 180.000
aging 83.
Selma, Alabama.—With some exceptional spots this entire
79.000
551.000
62.0001
949,000
908.000
Total
27,000
area has had tbowers the past week* Upland corn in some

THE CHRONICLE

1018

A l e x a n d r i a . R e c e ip t s a n d S h ip m e n t s . — T h r o u g h a r r a n g e ;
m anta w e h a v e m a d e w i t h M essrs. D a v ie s , B e n a ju i & C o ., o f
L iv e r p o o l a n d A le x a n d r ia , w e n o w r e o e iv e a w e e k ly c a b le o f
t h e m o v e m e n ts o f o o t t o n a t A le x a n d r ia , E g y p t . T h e f o l l o w i n g
are t h e re o e ip ts a n 1 s h ip m e n t s fo r t h e p a s t w e e k a n d f o r t h e
c o r r e s p o n d in g w e e k o f t h e p r e v io u s t w o y e a r s .

Alexandria. Egypt,
Jane 3.
■Receipts (oantars*) —
This week......... .........
Since Sept. 1..............

2,000
5,198,000

This
Si nee
week. Sept. 1.

5,000
4,959,000

4,531,091)

Thin
Since
week. Sept. 1.

This
Since
week. Sept. 1.

4.000 265.000
5.000 321.000

2,000 292.000
1,000 267.000

,
323.000
303.000

CJ I
o 1
b i
©
o 1

oo
oo
oo
-HM*

•exports (bales)—
To Liverpool . . . . . .
To C oaciu ea ti..........

1 9,000 536,000 1 3,000 559,00 0
3,000
Total Europe
■j* A o a n tir is US peaiiils.
I Of wiiiou
V'nerJosla 13 )5-9 6, 55,121 bales; in 13J1-95, 41,623
bales; la 1393-94, 15,573 bales.
M a n c h e s t e r M a r k e t .— O ir r o n o r t r e c e i v e d b v c a b l e t o - n i g h t
fr o m M a n c h e s te r s t a t e s t h a t th e m a r k e t c o n t 'u u e s fir m f o r
b o th y a r n s a n d s h iit in g s . T h 9 d e m i n d f o r b o t h I n d ia a n d
C h in a is im p r o v in g .
W e g i v e th e p r ic e s f o r t o -d a y b e lo w a n d
le a v e th o se fo r p r e v io u s w e e k s o f th is a n d la st y e a r f o r
• co m p a riso n :
1896.

Twist.
M avl
“
8
“ 15
44 22
44 29
J ’ ne 5

|

1895.

8 1* lbs. Shirt­ OotC n
ings, com non Mid. 32.? Oop. ings , common Mid.
| i0 finest.
JJpld•
TJplds Twist.
to finest.
,8*4 lbs. Shirt- OotVn

n

d.
d. s. (L d.
6k! ®73s |4 4 ^ ® 6
69 « ®7I|f i4 5 -®6
5 @6
6 »lr. »'77,_ 4 5^3>6
67,B @ 7% 14 5 3>6
6^8
4 4 ^2® 6

d.
d.
d.
d.
4'-;*.qo> 5 5a ®63s
9
9*2 47,-t 5°8 'G>638
9
438
9
4*18 5% ®67i«
9
4032 5 l*qa®612
«
5 l:J,^ ® 612

s.
4
4
4
4
4
4

d.

s.
-a>6
3>6
2
a>6
3 ®6
3!2a>6
3*2 a>6
2

2

rl.
2
2
2
3
4
4

d.
319-},
3%
323,32
327,52
373
378

S b a I s l a n d C o t t o n M o v e m e n t .— W e h a v e r e c e i v e d th s
(F r id a y ) e v e n in g b y t e le g r a p h f r o m t h e v a r io u s p o r t s ti e
d e ta ils o f th e S e a Is la n d c o t t o n m o v e m e n t f o r t h e w e e k ,
T oe
r e c e ip ts f o r th e w e e k e n d in g t o -n ig h t (J u n e 5) a n d s in c e
S e p t, 1, 1895, th e s t o c k s t o -n i g o t , a n d th e s a m e i t e m i f o r ttuc o r r e s p o n d in g p e r io d s o f 1894-95, a r e as fo l l o w s .
1895-96.

1894-95.

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

42

92.290

2

....

2,554
656
656

521
97
176

2

74,634

3,866

794

1 0«

0-0

T h e e x p o r t s f o r t h e w e e k e n d in g t h is e v e n i n g r e a c h a t o t a l
o f 510 ba les, o f w h ic h 461 ba les w e r e to G r e a t B r ita in , 46
t o F r a n c e a n d — t o R a v a l, a n d th e a m o u n t fo r w a r d e d o
N o r th e rn m ills h a s b e e n 100 b a le s.
B e l o w a r e th * e x p o r t s
f o r the w e e k a n d s in c e S e p te m b e r 1 i n 1895-98 a n 1 1894-95.

S ’ vanu’ h, &o
Charl’ t’n.tfec
Florida, &o.
New York .
B o ston ........
Baltimore ..

Great F r’nce
Great Fr’ nce
Total. B rit’n
Total.
Brit’n. die.
die.

392
72

46

11,648
2,961

2,376 14,024
64 3,025
4,739 20,732
7,752
13 3,425

North’n \fi
Slit .
Week. Sept. 1
100 34,511
1,682
3,603

........

433 16,013
72 7,752
3,412

T o t a l . ___

464

46

510 41,816

7,192 49,003

100 39,651

Total 1894-5

5

........

5 34,354

5,612 40,466

41 34,696

......

A c o n s id e r a b le p o r t io n o f th e S e a Is la n d c o t t o n s n ip p e d io
fo r e ig n p o rts g o e s v ia N e w Y o r k , a n d s o m e s m a ll a m o u n ts v ia
B o ston a n d B a lt im o r e . I n s te a d o f i n c l u d i n g t h is c o t t o n f o r
th e w e e k i n w h ic h it le a v e s t h e S o u t h e r n o u t p o r t s , w e f o l l o w
t h e s a m e p la n as in o u r r e g u la r ta b le o f i n c l u d i n g it w h e n
a c t u a lly e x p o r t e d f r o m N e w Y o r k , & c . T h e d e ta ils o f th e
s h ip m e n ts o f S ea I s la n d c o t t o n f o r t h e w e e k w i l l b e fo u n d
u n d e r t h e h e a d “ S h ip p in g N e w s ,” o n a s u b s e q u e n t p a g e ,
Q u o ta tio n s J u n e 5 a t S a v a n n a h , f o r F lo r id a s , c o m m o n ,
lO k ic ,; m e d iu m fin e , 1 3 c.; c h n e e , 16c.
C h a rle s to n , C a r o lin a s , m e d iu m fin e , 2 0 c .; fin e , 3 2 @ 3 3 c ;
fu lly fin e, 2 5 c .; e x t r a Hue, 2G @ 27c.
J u t e B u t t s , B a g g i n g , & c .—-J u te b a g g in g h a s b e e n d u l l
d u r in g th e w e e k u n d e r r e v ie w , b u t p r ic e s r e m a in as la st
q u o te d , v iz .; 3 ^ c , f o r 1 % lb s ., 4J^c. f o r 2 lbs. a n d 4?<^c. f o r
sta n d a rd g ra d e s , in a jo b b i n g w a y ." C a r -lo a d lo t s o f s ta n d a r d
bra n d s a r e q u o te d a t 3J£c. f o r 1 % lb s., 4 ^ c . f o r t w o lb s. a n d
4 :14(o . fo r 3J4 lb s., f . o . b. a t N e w Y o rk . J u te b u tts h a v e b e e n
v e r y q u ie t un th e s p o t a t 1 l - 1 6 c . @ l l £ o . f o r p ip e r q u a lit y a n d
lJ £ c . to r m ix in g .
F r o m M essrs. I r a A . K ip & C o .’s c ir c u la r
w e a sc e r ta in t i a t th e d e liv e r ie s o f j u t e b u tts a n d r e je c t io n s
a t N e w Y o r k an d B o s t o n d u r in g M ay w e r e 33,841 bales,
a g j i i s - 31. 19.J al**s f ir th e s a m e m o t h last y e a r , a n d s in ce
J a n u a r y I th s d liv e rie s r e a c h e d 251,696 b a le s, a g a in s t 287,528
h a les in 1895. T h e a g g r e g a te s t o c k in th e h a n d s o f im p o r te r s
a n d s p e c u la to rs a t N e w Y o r k a n d B o s to n o n M ay 30 w a s 4,200
bales, a g l i e s : nil at th** c o r r e s p o n d in g (la te in 1895, a n d th e
a m o u n t a flo a t r e a e h e i 53.083 ba les, a g a in s t 114,789 b a les la 3t
year.

1895-96.

1894-95.

1893-94

71,701
1,116,622
56.33C
799,110
121,076
5,133,595
181,341
4,335,143
343,322
1,532,579
740,000

63,705
1,784,472
13,826
1,133,198
158,135
7,731,404
293,833
6,447,445
532,312
2,021,604
639,000

51,136
1,183.663
25,964
779,029
126,011
5,819,497
230,931
4,930,0 61
455,628
1,450,663
593,030

58,85i
97,148
49,003
3,088
41,197
1,118
4,739
11,468
1,919
165,406
150,254
142,975
6,785,705 9,597,893|7,210,526
294,373 286,685
9,892,766 7,527,211
A verage w eight o f b a le s ............................
501-36
506"71|
496-24
C o t t o n A c r e a g e R e p o r t .— In o a r e d it o r ia l c o lu m n s w i l l

b e fo u n d to d a y o u r a n n u a l c o t t o n a c r e a g e r e p o r t , w it h a n
a c c o u n t a t le n g t h o f th e c o n d it io n o f th e p la n t in e a c h s e c t io n
o f the S o u th .

T h e r e p o r t has b e e n p r e p a r e d in c ir c u la r fo r m

a n d th e c ir c u la r s m a y b e h a d in q u a n t it y w ith b u s in e s s c a r d
p r in te d t h e r e o n .
averages of

T e m p e r a t u r e a n d R a i n f a l l . — A s o f in t e r ­

est in c o n n e c t io n w it h o u r m o n t h ly w e a th e r r e c o r d , w e h a v e
p r e p a r e d th e s u b jo in e d ta b le s, w h ic h s h o w t h e S ta te a v e r a g e s
o f t h e r m o m e te r a n d r a in fa ll in F e b r u a r y , M a r c h , A p r il a n d
M a y f o r s ix y e a r s , 1891 to 1896, in c lu s iv e .

February.

1895.

64,197
5,298
5,139

Week Ending June 5. Since Sept. i. 13 -*5

Gross overland for M ay...................bales.
Gross overland for 9 m ontlis.....................
Net overland for May..................................
Net overland for 9 m onths........................
Port receipts in M a y ....................................
Port receipts in 9 m onths...........................
Exports in M ay.............................................
Exports in 9 m onths...................................
fo r t stooks on May 31.................................
Northern spinners’ takings to June 1___
Southern spinners’ takings to June 1 . . .
Overland to Canada for 9 months (ineluded in net overland )..........................
Burnt North and South in 9 m onths.......
Stookat North’n interior markots June 1
Came in sight during M ay.........................
Amount of crop in sight June 1...............
Came in sight balance s e a s o n .................

Thermometer
Averages.
N .C a r ’ l i n a
1896 ..........
1895 (g o o d )
1394 (fu ll)..
1 8 9 3 (g o o d )
’ 8 9 2 (g o o d )
1891 (f u ll )..
S . C A R ’ LINA
1890 ..........
1 8 9 1 (g o o d )
1894 (fu ll)..
1893 (g o o d )
L 8 9 2 (g o o d )
189 L (f u ll)..
G e o r g ia .
1890 ............
1 89 5 (g o o d )
18^4 (fu ll)..
1893 (g o o d j
1 8 9 2 (g o o d )
1891 (f u ll)..
Fl o r id a .
1890 ............
l8 9 o ,g'>od)
1894 (f u ll )..
1893 ( g o o d ’
1892 (gO '»d)
1891 (f u ll )..
ALABAM A.
1890 ............
1895 (g o o d )
1894 (f u ll)..
1893(g o o d '
1892 ( g o o 1)
1891 (f u ll)..
L o u is ia n a .
1890 ............
1895 (g o o d j
1894 (f u ll)..
1893 (good.)
1 8 9 2 (g o o d )
1891 (f u ll)..
M is s is s ip p i
1890 ............
1 8 9 5 (g o o d i
1894 ( f u l l ) 1 8 9 3 (g o o d )
1 8 9 2 (g o o d )
1891 ( f u ll )..
ARKAN SAS.
1 8 9 0 ............
1895 (g o o •)
1894 (f u ll)..
1 8 9 3 (g o o d )
1892 ( g o o d )
1891 (f u ll )..
TENNES3-EE.
1890 ............
1395 (g o o d )
1894 (f u ll)..
1893 (g o o d )
1892 (g o o d )
1891 (f u ll )..
TEXAS.
’ 890 ............
1395 ( g o o d )
1894 (f u ll )..
1893 ( g o o d )
1892 ( g o o d )
1891 (f u ll )..

March.

April.

©

o
P

‘WH

34 77,003
8 10,499
....
4,783

o f M i v ar.d f o r t h s n in e m o n t h s o f th e s e a s o n to J u n e 1.

Stock

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

S avan n ah ......... ...............
Charleston, & c.............. .
Florida, &o ........................

o f t h e s m a ll m o v e m e n t d u r in g M a y w e

o m it g iv in g t h e u s u a l e x t e n s iv e d e t a ils o f th e o v e r la n d m o v e ­
m e n t . B e lo w , h o w e v e r , w e p re s e n t a s y n o p s is f o r th e m o n t h

May.

i

Receipts to June 5.

C o t t o n C o n s u m p t io n a n d O v e r l a n d M o v e m e n t t o J u n e 1.
— In con seq u en ce

1893-94.

1394-95.

1895-96.

|VOL. L X II.

75*4
82*0
84*0
750
70*4
70*0

21-2
20-0
22-2
21*2
22-8
24*5

47 5
48*9
5-V2
48*4
45*7
45-7

49-0
37-4
49-8
50*3
49‘8
55*5

80-8
S’3*8
K0*8
•
79-8
75*2
72-4

21*0
*9-0
25*0
21*9
24*2
29-7

15-3
0-0
24-2
32-0
2a-.24*2

49*5
37*9
49*i51*0
00-H
55-2

77*7
70-3
SO-3
82-3
8 .-0
'84*5

31-0,
10-5
33-0
4 i-s
37-5
33-3

57*7
50*U
00*0
03-8
00*4
60-9

72-4
72-7
70-4
72 5
78-9

21-4
3*0
270
32-0
29 6
25-0

74*8
75‘0
70-0
7 0 “2
75-0
80-7
72-8
75*3
75*2
75-1
75-9
SOU

j

G.

90*4
81*2
84*2
«S7’ 0
77*82*5

32*8
34*8
34*8
30-0
29-2
2s*5

52-6
58 8
59*5
54*1
51*9
50*7

93*0
83*8
£0*5
88*0
82*1
83*0

85*0 28-7
83*1’ 30*8
87*0 24*3
81*4 24*0
79*3 23*5
75*3 3 ) 0

53*7
51*9
57*1
55*5
52*4
51*3

84*5
*4*5
87*0
83*0
83*5
82*3

38*0
37*0
34 *5
Hire
31*0
41*0

49-8
39-3
50*0
541
53-2
5G-1

83-0
82*7
81*7
80*5
79-0
77*2

32-8
9-0
20-0
33*2
30-8
27-1

53-9
427
50 3
50-4!
57-4,
58*51

23-8
4-0
2)3-0
20-4
32-4
2 i ‘o

5

i©

5

02-7
57*9
57*1
02*5
55-6
59*4

93*2
94-0
90-2
i-8'0
80-«
80*i

48-8
41-8
38-8
44*9
44*0
30*3

74*9
04*8
68*2
00-0
00*3
04*3

37*8
30-8
38-0
4P8
372
33-0

60*0
01*0
027
07*2
0i*4
03-1

90-3
93-2
91-3
92-3
9 g-3
93-8

528
43-4
42*3
47*9
47*9
45*3

70*7
09*4
71*2
70*2
70*1
09*4

90*7
Sl*8
87*0
87*3
83*2
85-3

39-0
39-4
40-8
44-0
38-7
32*7

07*0
03*0
04*4
0?*7
03*3
01*4

93-8 57*5
91-6 49-4
9 i"2 43*0
9 DO 51*3
89-8 49*0
89-7 47*8

77*1
70-0
71*4
69*9
71*8
09*8

033
63-4
0V 9
0L*7
00*7
G i*b

8**8
83*0
87-5
SS*5
80-3
b 0 ‘5

40* v
49*0
49*8
50*0
44*8
30*8

70*8
07-1
09 8
71*5
09*0
07-4

9T3
89-fe
91-8
90-0
90-3
89*8

77*1
74*8
74*1
74*8
74*5
70*8

2-s-O
•8*7
24 7
22*7
21*5
3U*3

54*2
55 v
58 7
54*3
53*1
54*4

83*0
83-8
80-0
83-7
84-9
855

41*0
40-0
44*2
45*3

93-0
91-5
92-7
9SS8
893
90-5

03*0
40*8
40*3

30*0

69-0
03*H
00-2
08-2
00-U
04-9

83*3
S4"3
85*5
82*2
80*2
79*5

32*8
33*3
2-TS
29*4
2V 5
32*8

59*0
00*0
0O-5
68*7
55*0
57*4

87*5
88*4
88*2
87*8
87-0
07-0

4V 3
42*0
48*2
40*0
45*9
43*7

08-6
00-2
093
70-1
07-3
04-9

96-4
88*7
91 "8
9L-8
91-2
90-4

00*5
50*0
48*4
53*2
4-)*0

77*0
71*1
71*0
73*3
74*1
72*0

49*7
39*7
48*9
51*0
5L9
54*7

84*2
H-V0
82-9
84*3
80*9
79*2

25*0
31*0
23*9
21*0

545
57-8
57*5
5**0
lH* ( 51*7
29* C 52*8

88*5
88*2
88-2
89-7
84*0
87*0

38-7
38*8
420
40*5
42*7
29*9

0.8-2
03*9
94-4
08-4
0 5 -1
04-0

96-2
92-0
91-0
92*o
900
90-4

58-2
43*8
42*7
47-7
45-3
41*9

70*3
09*7
09*7
71*4
70*0
09*0

73*2 21-0
73-8 — 1"0
07*4 18*4
06-0 15T>
0-7-2 29 0
7 8 0 20-0

44*9
3240*8
42-5
4S*B
40*1

81*0
85*4
82*8
7^*5

24*0
22*4
22*2
15*7
22*3

88*2
89*4
88-0
89*0
87*0
83*7

32*4
35*0
38*2
35*0
37*0
39*3

08-0
02*6
03-0
04-8
01-1
03-2

92-3
9L-S
9 -2
88*0
88-C
38*0

50*3

72-0

4S-9
ol*0
51*1
50*1
47-1
47-4

41*8
40*8
42*5
41*7

75*7
-67*9
69*9
68*5
08*1
07*4

0,3-8 1-2-0
08-5 — 1*8
05-8 14-8
09-5 13-0
00-5 25*8
73-5 21*0

41*7
31-4
3v**5
43*4
449
46*9

79-0
8P0
79-8
77-8
79-3
70-0

25*2
20*7
18*2
13 0
13*7

22*8

48-0
50*8
53S
48 3
45-4
40-9

86*3
80*0
SS*8
80*5
83*0
85*5

39*3
35*0
36*0
34*3
23*7
34*8

60-2
04-2
0o-4
02-5
60-4
01-7

93-5
93-5
89-<)
89-0
80-5
87-8

44*8
40 3

70-9
7 5 ’4
70-9
77-0
77-4
S t-3

55*2
41*3
48-:51*9
57*8
54*8

84-6
8 4 -T
SO"5
83*9
83-3
Hl-3

32-3
29-b
29-4
29*3
23*4
27-6

59-2
59*8
60*7

SS;7
87*8
Hl-C
91-5
89*4
R5-0

40*1
39*7
47*1
43-1
43*0
37-1

09*1
00*0
702
70-9
08-5
00-5

90 2

50*4

8 )3

40*5

5

§
©

c*

09-6
08-4
68*8
70-4
07-0
. 5 ’8

8-0
4-0
1**2
23-4
20-4
2^*4

42*0
32*5
43*5
44-9
45 1
49-8

72-0
7o"0
74-0
74-3
09-9
79-8

8-4
5->
22-5
33-3
20-0
273

730
73-0
73-4
74-0
70-c
78-3

c*

8 1-8

31*4
5*4
21-5
25*0
34*0
24*3

■S
01

so-

10 * 0

55-1
55*4

>92

48*3
50*8
53*8
54*8

40*5
45*3

50*3
40-9

77*8
72*8
72*0
71-3
09*5

05*8
06*2
60*5
07-0
00*0
7?'~\

72*7
75*0
73*9
73*1
71-5

I3 ?“ Tlie words full” and “ g ood ” follow ing the years given a b o v e
mean sim ply mat the aggregate crop fo r the year nam ed was full o 1
good.

THE CHRONICLE.

JtraE 6, 1896.]

The rainfall averages are as follows :
March.

February.
Rainfall Average*.

RamfalL

tf'KTEi Ca r o l i n a .
v m ..........
i
1695 (aood h....... . i

5**15

i8y»5................ j

v m t* mhh- ...... .
1891 »fo m ........
i
18&3sseoo4 )... . . . . . |

1*92 [
.
IS
Florida
IsOA ....
1865 (ao ■>d).
1891 fftitiL.,.
las&iiiooa)*.1892 (good).,
1891 (fuMC..
ALA BA3IA.

1898 ....... .
le#5 (good).
1891 ffa lll..,
1893- fgo®d).
*d>.
lSttra*'
1891 tfeiti..'
Louisiana
......
1805 (go

I
i\
if
i38>!?
I
i1

2*70
4*73
1*69
1*82
3*23
8*49

j 8 !!
1114
m
I u
| 12 %
| 16 !

1!
{

2*21
6*08
2*00
1*89
3*30
0*00

1
>
!
:
:
t

2*03
7*83
■£•!30
2*9?
0*51
7m

| 8 i
i 11
H
:
■ 8%
|m *

11

'

4*84
5*08
4*05

I
u

2*3#

II

4“27

3*02

,\

2 ©9
5*86

1
H
j

3-93

fl

6**9
5*64

3“6‘
4*15
8*87
1*84
1*23
8*38

1
l
ij
i!

3*1i

6*11

5-a
8*14

ISM(faith,........ j:
tmtivjrood)...****. •l
........
(laU).. ... . . . . .1
MragisstPFi.
d*h ............... ■
fes&iaooh)..... . WJl dmii, ..... .. ,
l>m &oodh.- - ■
vm..-gM-Hi?. ......
189! iJlu.L----......
All KANSAS.
1896................ . ’
tm&iftWSAJ. ...... i
....... i
\ W 0 - i !

6*0i
3 05
2*43
0*32

1881 insji) ......... *
flawstmm%.
t3®6
:

Bin

pi

uhi\\
r,

8*01
l-wj
0*01
4 43
jr 14
0*30

II

4 !.

j,
0

i.
ih

B'&'J
0*70
i'7$

fl!
!
./!
1

4;i i

BAM
WfrZi (a r m i } . . . 1 Oin
imn Anil. ........ ■ g~76
limit good»..........
i*m g*> Hi........
Xmi ira iL ...,..,..
Twxm.
4*70
itm ....................
i m 0tm&.......
18 IM (la th .— ... ■ tm
QrwS
I M lmm4.______
r^\
t «#*#ixmti.........
t&tl iitsiit. . , , ,,. :i TtSt
u r ictg 0mM»- mft&ii **

11
fl
4':
5!
[1

4 11

h i!

1*51

0*34

1*98
1*71
3*73
2*43

A i

May

D iy* Rain- i Days
rain. [ fall. |rain.
614!
15 j
8 !
9
12
<w

4*81
395
4*37
4*44
*2*94
5*81

j 10
i 11
| 11^
1
| 0
n*

;

222
5*0*2
2 3’
8*-6
3*68
2*8?

9
f 10
1 ULj
n
j 7
] 10

1*43 : 0
3 93
11
,
1*44
rt
1 03
1*04 f 7
1*49
5

9
0 !
13 !

!
'
!

1*09 j 7 ;
» !
5*12
nl4':
1*91
5 1
2*40
3*32 ! 0
1*69 j 0.V*.

2 01 ! 10A
345
12
3*19
0ki
3*09 ; 9
2 11 ' 7
2*Jt
8

3*42 1 0 i
8*30
8 i
2*43
6 !
6*5 i
13 1
7 I
1*23
4*45
9 1

1*00
441
1*34
2 84
>rb*
2*50

3
lo
5H
4
SH

2*23
8*83
2*80.
3*71
2*45
1*71

6*30
8*iN>
7-33
3*75
8'60
8*29

2*20
3*28
3*58
8*78
3*03
1*89

4
b
*£*
s
7
5

2*51
273
'SO*
«*'?
2*31
2**1

4*41
1*33
4*15
A39
3*54
1*71

l\4
&
4

2*72
5*94
2*Mi
5*19
2*6 ’
1*10

fiU
II

2*20
8*05
8*16
H27
2'52
2*81

8
8
0
n
5«
5

10 f
12 j
18
O ■
11

4*02
4*70
7*90
8*13
5*32
4*84

104,

8 :

5*4)
6*05
0*7 i
aria
0*87'

8
814
0
0
8

5'fig

it
ta

8

;

3*40
2-13
8-86
4*97
7*9-3
3*79

9

i

044
0

51

7

8-^
1HH*
3)4
8
'0
7 k*
i

3*55 1 12
! i
3 18
9*38 ■{ 32
5' 84 i 1»h
1*55

T07
1 s I
2*44 I 8
2‘"i9
IM;

2*01 | 4
8*31
2*t3 I 3
».y) 1 8

;i

H igh est...
Lowest—
Average...
Weldon.—
H ighest...
L ow est....
A verage...

73*0 74*0 76*0
12*0 10 0 2-5*0
48-0 3?*4 50*0

78*0 82- ) S7-<
2*>*0 v«*i> 2 T 0
52*0 53*3 00*0

340 81*0 8t*0
380 37*0 41*0
ai-7 01*0 02 0

96*0 9 VO 9 1*0
•34*0 471) 49*0
74-4 08 0 70*0

60*0 70*0 73*0
10*0 8*0 20*0
42*5 31*2 43*4

77*0 84 0 87*0
24*0 26*0 23*o
47*7 48*2 54*7

94*0 8 V0 85*o 97*0 97*0 95*0
29*0 32*0 S VO 44*D 400 45*0
6L*y 57*1 57*0 7 2 k 64*6 0y*l

H igh est..
L ow est..,
Average.

70*0 690 «9'0
0-0 1*0 16*0
44*3 32-9 45-0

Oharlotte—

11 ra o 1 78 H 3*91 ! 7»h 1 1'78 i
giMM.’’ mOOVo UJ,,‘*U 1rat *ae a g g rm£a %e>
ejr**» t&t th e T$me w a # fay, o r grood.
ooa.

N ew

930 96*0 93*0
46 0 41-0 49*0
73*0 64*0 09*0

WUmtngton-

? |f
3*84
H'4
2*10
il
10*4
3*07 j 10
9Wi: 10*31 | 11
S4
8*15 j t h
l ’>•4 4 | to

4*81 I tt \
: u
f y
2**0 1 7
1*34
j l* «

76*0 76*0 8so: 95-0 81*0 86*0
23*0 20*0 21*0 i 33 0 39-u 37*0
46*0 47*0 52*5 00*0 55*0 50*0

„ C A R ’L A .

to
6
4

1
3*42 1 16 {
2*81
i
3*14 1 H '
6*80
2*86

1890. 1895* idyl. 1896. 1895. 1894,

70* > 68 0 74*0
11*0 2*0 21*0
48*0 33*0 43*0

H ig h est...
L ow est....
A re rage...

S
il
m
1

! «3H5,
4*4^ | 8

;j

1890. 1895. wai.i LS96 1805
VIRGINIA.
fforfolk.—

May*

A p ril.

F eb ru a ry.

Iher ‘UomUer

•8

3-5*
1*96
5*83
8' #4
7‘&i

g-rtk |
-8*117 f f
1 «
W

'

$>*

W e a t h e r K e c o r d f o r M a t . — Below we give the ther­
mometer and rainfall record for the month of May and
previous months of this and last year and the two preceding
years. The figures are from the records of the Weather
Bureau, except at points where they have no station, and at
those points they are from records kept by oar own ascents.

I

2*81
4*33
543
4803 tio o d )... . . . . . i
1 8 9 . 2 . . . . . . I 3-28
189u,m m ... . . . . . 1 4*83
1894 (fo il)..........

So c t h Ca r o l i n a ,
1896 . . . . . . . . . . . .. . !
18»5<goeti)........ |
18©I (fllU )......:... j
189*3 (g o o d ).,...... i
1892 (good).........
1891 (full). .. . .. .
G e o r g ia .
!

April.

: Rain- 1 Days Rainrainf. fall.
■rain- jj fail.

1049

Y o r k C o t t o n E x c h a k o b — A n n u a l E l e c t io n , — T he

95*0 97*0 *92*0
49*0 41*0 41*0
75*3 05*0 7 L*0

Hlghest...
Lowest..
Average.

77*0 84*0; 8»*0 94*0 83*0 80*0
20*0 2 >*0r 2 ) 0 . h4*j 31*0 SVO
48*2 492 5T# 04*8 53*4 *59*0
71*0 71*0 71*0 78 0 85*0 89*0 i 95*0 85*0 83*0
8*(J 4*0 H*0 ‘ 21*0 2.vt; *21*0 31*0 33*0 34 0
44*0 S2-<| 45*0 480 49*1 53*0 64*0 57*6 58*0

H ig h e s:...
L ow est...
Average..

06*0 r>s*o 50*0 «7*0 7 5 0 75-0 | 80 0 74*0 80-0
4‘C 2-f: 19’0 ; 20*0 25*< ; 20*0 ! 82*0 30*0 33*0
31*4 2»4 31*2 40*4 44*8; 49-1 J 59*0 55*4 49*0

85-0 85*0 82*0
58ii 40*0 38*0
77*3 00*9 30‘8

72*0 T«-l) 78*0 ; 8i-o 8 l*i! | 84*0 ■ 89*0 82-0 80 1/
34M I 82*0 i 41*0 451' 44*0
38*0 12*C 290 ■ m
52*0 41*0? 53*0 | 500 50*< j 61*0 63*4 01*0 05*0

93-0 89*0 89*0
5 5*0 51*0 45*0
70‘8 70*2 72*0

75*0 ! 75*0; 7S-o 1 84*0 85-0 1 87-0 1 9T0 82*0 80 0
Via
9*0: 23*« 30’0 80 I i 26*0 3v! H8*( 39*0
49*4 37*3; 49*9 53*7 51*2! O il 07:3 01*9 03*0

03*0 93*0 91*0
51*0 401 ; 11*0
70*7 67*9 71*6

'• » 0
85*0!
20*( asi 25 u
w 1 5 l "' { 6)*4

wvn 85*0 $8*0
38*( 37*( 38-0
08‘4 619 Q S’0

99*0 93*0 95*0
51*0 43*f 40*0
77*0 09*2 72*3

78'Q 81*5 80*0: tv u 3 V0 89*0
21*0 j 2 VO 18*
Si'O 28*0 315 VOj 500 50*3jj 64-l titi l 50*1

95*0 9>' 90*0
9 VO 350 40*0
79*0 7O'0 63-8

Rikbjh-

i£iryintzn ■

.C A R O L ’ A
7harUston.—
H igh est...
Lowest—
A verage...
iiateburg.—
H ighest....
L ow est....
Average..

alumMn—-

Highest.,..
L ow est...,
A verage..
IMhx nd ~
Highest....
Lowest. ..
Average.. .

Grwnuwi—

78*0j 75*01 75*0 :
10*O; 8*( ! 22 0
47*8 37*3 i
08*0 71'Oi 72*0
■40*01 —6 *0 ! 10*01
53*6 31*3; 45*5 j

H ighest... 70*0
L ow est..., 12*0
A verage... « ,>

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

73*0
23*-*
5t*0

....
....

98*0 92*0
41*0 21*0
05*0 70*0

9 V.

90 0 80*0
88 Of 86*0
07 Of 61 0

12*0

6V\,

GEORGIA.

Amusta.—

H igh est...
L ow est....
Average..
A tlanta.H igh est...
L ow est....
A verage...
$ iv innah.—
H ighest.,

73*01 75 -n 74*9 9?*0 84*0 J . 03*o! 81*0 9> •'
25*0! 3-»*o; 36*0 40*.
15*0 8 *0 > *25*0 23*0| .
-19'2' 38*0. 40*5j oV 0 ] 55*0 60*41 68*2 ; 02-0 04 0

}h -0 9 VO 92*0
63'0 4 V0 41*0
7 7*4 09 0 71*4
79*0 88*0 91’-) 90*0 83*0
09*0! 70S 68-0 i 8 TO 8 V0 32*0:
10*31 0*0 10* : 21 *0 ' 3V0 l 0-->1 I r o 35*0 35*0 5 /0 48*1 39*0
45-3 ; 311 45*0 49*4 d1 *-A 5U-7; i55'0 60*4 G)*0 71*9 0 ?'0 00*0
75-01 78*0 7-4’ f.l 80*0 81*0 83*0 90*0 8 5*0 87*0
*21*05 12*0 20 0 34*0 37*0 3l*y 42*0 43*0 44*0
51*0' *3*0 5t - i; 53 0 58*0 04*0f 09*0 63*0 0/0

9?*0 93*o 93*0
55*0 62*0 43*0
78*0 7 VO 73*0

H igh est... 0 **d; 6 TO « ‘*6 83*0 77*0 81*0 88*0 7**0 85*0
L ow est,... 1 H*0 | 6*0 22 ' 0 .j 24*0 3V0 23*01 42*0 38*0 41*0
Average,. j 43*5! 32*0
| 33*0 53’v. 05*0, 70-7 03 0 03-v

01*0 89*0 89*0
0 i-O 54*9 43*6

yowest..,.
Ofcltm&ww.-Average...

71*0

08*0
annua! election of officers and 'managers of the New York WotiMih.—
92*0 91*0
H ighest,, o
.... ,87*0 9Ti,
85*0 88 **
78*0 73*/
Cotton Bsdiange was held on Monday, June 1. The foliowinf
5
Vo
22
j
4
V
O
3 r0
440
47*0
Lowest
8*1* 26*73*o 75*4
Average... 1
r>7'. 4i*3:
41*9 529
* 65-8 07*2
were the successful candidate . President, Guatavus C. H>p
kin#: Vioe-Presiiclent, William V* K ing; Treasurer, Walter FLORIDA.
■
T. Miller ; Managers, Theo. P, Ralli, William Ray, R. H. facksotwUle.
H ighest...:! 79 *0 ; 70*0 8 )0 ;. 80*o 81*0 87-0 9*2*6 701! SV> 95*0 S!3*0 95*0
53*0 85*i 46*0
Lowest.. 1 27-0 i 14*0 34*0 85*0 40-0 33*./ 43 0 58*0 45*'
Roundtree, T. ML Robinson, W . J, Hochstdetter, Isaac B
Average... ; 57*0 48*0 50*0 61*0 64*0 36*0 70*0 67*0 09*0 78*0 21*0 75*0
Xampij**-™
Frotllgh, John jU Bullard, R, P* McDnagal, Walter 0 . Hub
H igh est... 77*0 77*0 81*0 85-0 821 87*0 ^*0 84*0 89*0 91*0 9-2*0 93*0
L owest..,. I 33*<‘ 23*0 8'Vo ! two 4t*( 30-0 47*0 5)*U 51*0 00*., 58*0 53*0
bard, J, T, Gwathmey, Clayton E. Rich, Edward E. Moore
Average.. | 58*0 5i*0 63*0 j 65*0 60*0 03 0 70*0 09*0 73*0 7 /0 7V0 75*0
S, M* Lehman, John C. Latham and Louis G*. Schiller, Trus Jupiter—
Highest... 1 S8*«» 77*0 84*o 32*.* 87*0' 88*0 S3*. 83*0 87*u 85*0 90*0 90*0
tee of Gratuity Fund, Levi C. Lathrop; Inspectors of Etec
L ow est. . . ]j 37*0 10 U 83*0 43*0 30*0 33 fi 51*0 47*0 50*0 01*0 58*0 49*0
Average . < 64*0 53*0 01*2 , 00*0 05 4 07*0 72*0 6 TO 09*8 70'U 74*8 73*6
ttoo, A. CL Mono, Jr., Frank B. Guest and Henry H. Koyee
tzllahtiMM*
94*0 9 V0 89*0
i 83*0 85*0 85*0 900 84*0 89i
H ig h e r ■.
75*0
Tag Exports of Cotton from New York this week show an
L ow est... 27*f 11*0 281 86*0 29*0 39 0 4 4-0 41*0 47*0 5i*< 48 0 45*8
Average,. 4 52*9 44*6 51*.' j- 59*1 59*: a i-8 71*4 64*4 082 773 73*5 72*8.
increase compared witn last week, the total reaching 17,71
bales, against S,650 bales last week, Below we give oar
usual taoie, showing cne exports o f cotton from New York ALAB A M A
QtnPy,—i
| ..
and the iireCtion, for each o f the last four weeks; also the tftnU
S4*0 0O* 93*0 91*0 94*0
H ighest... t 74'0' 73*0 790 87 0 83*0 89*0
40-0 43*0 6 3 * 0 43*0 45*0
L ow est....: 22*0 8*0! 25**1 82*0 29*0 23*0
total exports and direction since Sept, 1, 1895, and in the last
05*0 07 0 7-4*0 7V0 74*0
Average...: 50*0: 40*0, 51*' ; 53*0 57*0 dru
■nbiU.—
I
!
!
column the total for the same period o f the previous year.
dobite.
75*0 80-0 78*0 83*0 82*0 8 8 * 0 93*'' 87*0, 00*0
H
ighest.,.;
72*0
78*'
77*0
•*eo«.rs o p o o n o s ( bales) from nsw t o s s singe sbpt. I, 1895.
31*0 33*0 31*0 4l*0 45*0 51*0 030 5 VO; 52*0
L ow est,...! 23*0;2*0j 30 0
Average,..; 53*0 44*0 53*0 . 57*0 58*0 90*0 00*0 03*0 09*0 77*5 72*0 74*0
Ratme
Week Kndiruj—
Newton— \ i
Total
94*0 93*0
period
88 \> 89*0
H igh est... 75*0i ...» 37 ! 86*0,
40*0 '42*0
40*0 14*
L o w e * ,.,. 22*0 . . . . 10 0 23-0!
Mzp&riiti to—
previou
May - May | Msnj Juno- \ tince
71*0
04*0 67*0
Average. J 51*0: .... 58*0 56*0'
year
5
j Sept. 1.
id
2 2 .
' 2i>,
Birmingham \
2
85*0
97*0
H igh est... 70*0! .. .. 87*0 84*0

8,461 4,354 2*418 7.4881 236,331
89,124
751 1,577]
454 1.935

325,262
'

T ot . to o t . B a it’s. 8,915. 6,239 3,169 9,085 j 325,455

440,949

Other British port*..

Other Vreaehi ports..
Tot »t. Fkks >:«__

T ot , to 3fo JBcbotk
8'pn-lo, XtMy, Stc.. . . . . .
A ii other .. .. .. .. .__

27,893
*290

33,064
975

842

346
—
i
340|

27,893

39,639

630 3,628' 3.010
115
508
953!
848
151!

5,0171
828;
1,493|

05,70*3
33,0*9
53,058

55,100
53,934
67,439

3,973 7,109) 182,482

181,473

66,4152,172:

88,289
930

145
— H
25$| 145
259

7011 5,089
1 .3 9 3

350

1,999

842

COO 1,1371
•——* ........ |
606 1,137]

86,219
68,587)
T otal SrAtif» h e .. !' S.M5 1,999
O bajio T o m , — ll*,lOT 13.472 3,860ll7,7iel 604,417t 751,279

*25*0
5.3*0

49*0
01*0 09*0

83*0 83 0 81*0
24*0] 24*0 10*0
40*0! 5L’0 55*0

85*0 89*0

73*0 7**0 78*0 81*0 81*0 82*0
37*0 16 0 32*0 41*0 3M*0 33*0
50 0 45*0 550 | 81*2 92*:I 03*0

84*0 87-0 83*0
40*0 50*0 55*0
71*0 07 8 74*0

97*0 87*0 90*0
02*0 53*0 55*0
79*0 73*9 75*3

72*0 74*0 78*0 ! 82*0' 84*0 82*0
31*0 4*0 21*0 1 80*0 31*0, 30*0
5i*o 40*0 47*0 51*0 59*0 50*8

87*0 87*0 83*0
40 0 39*0 48*0
60*0 00 O' 03*4

94*0

76*0 70*0 82*0 i 81*0 84*0 32*0
35*0' 12*0 29*0 i 30*0 37*0 35*0
55*5 44*9 54*2 1 60*8 6*2*7 91*2

89*0 87*0j 83*0
41*0 49*0 58*0
7u*4! 07*4 j 73*0

93*0 88*0 91*0
05*0 54*0 49*0
73*0 78*4 69*0

L ow est...,: 22*0 .. .. 27*0
Average... 50 *0 ! .. .. 02*0
Florence— |
H ighest... 71*0 72*0
Lowest----- 13*0 —10
A verage-., 45*0 34*0

■

55*0
75*0

91*0 l ....

42*0
05*0

84*0

00*0 02*0

bODIS’NA I

9i. Orleans.H igh est...
Lowest— i
A vera g e-.!
bhrevevorl.—
H igh est...
L ow est— j
Average...
9 fd C otea w Highest....,
Lowest —
A verage...
(jlbertyHill—,
Highest— J
L o w e s t....'
Average..

88*0 92 0
50*0 49*0 51*0
77*0 70*0 74*0

78*0| 78*0 82*0 : 90*0* 83*0 93*0 j 93*0 j 98(0 j 91*0 101*0 92*0 03*0
28*01 4*0 21*0 I 24*0 24*0. 22*0 35*0 32*0 40*0 53*0 42*0 43*0
53*01 4l*0 51*0 57*0 57*0 55*0 l 61*0 64*0 60*0 7i*U 67*0 08*0

THE CHRONICLE.

1050

[V ol. LX II.
-----

February.

M ay.

A p ri

March

R ainfall.

1890. 1896. 1894.

1896. 1895. 1894. 18£0. 1805. 1894.

1806. 1895. 1394.

MISSISS'PI.

Vicks u g—
A vf ra; e..
Highest...
Average..
H ig h est...
Sosciusko—
H ighest...
Lowest___
Average ..
W aynesboro •
H ig h e st...
Lowest___
Average...
AR K AN S’6
Little R o c k .H ig h est...
Lowest___
Average...
Helena—
H ighest...
L o w e st...
A v erage...
Sort S m ith H ig h e st...
Lo w est...
Average..
Camden—
H ig h e st...
Lowest—
A verage...
Corning—
H ig h est...
Lowest-—
Average...
T E N N E S’E.
Nashville.—
H ighest.
Lowest. .
Average..
Hem-phis.—
H ighest..
Lo w est...
Average..
Ashwood.—
H ig h est..
Low est...
Average..
W ie r —
H ighest.
Low est...
A v e r a g e ..
TEXAS.
Galveston.—
H ighest...
Low est...
Average.
Palestine.—
H ig h est..
Low est...
Average..
Abilene.—
H ighest...
L o w est....
A verage...
San Antonio.
H igh est...
Low est...
A verage...
Huntsville.—
H ig h est...
Lowest—
A verage...
Longview —
H ighest....
Lo w est...
Average.

70-0 720 so-o
28‘0
3*0 «*C
54*0 45*0 53 0

84*0 82*0 82*0
*0*0 32*0 20 0
50*0 57*0 51*0

90*0 80 0 90*0
42*0 33*0 40*0
00*0 01*0 61*0

98*0 93*0 92 0
58-i 40' ( 430
75*5 08*0 03*0

70-0 740 75*4
4*0 27*3
2b*<
51*0 41*0 48*7

85*0 82*0 84*0
300 38 0 27*(
50*3 50’< 01*0

86*0 88 0 80*1
44*0 43*0 48*1
70*0 00 0 07*0

93-0 90*0 88*0
01*0 49*0 50*0
77*0 70*3 72 4

74-0 75*0 75*0
4*0 21*0
24-0
47 *( 37*3 40*4

78*0 S4*( 80*(
23*0 28*0 20*1
52*4 59*5 57*4

86*0 80*0 84*0
37*0 30*0 42*0
68*6 02*8 03*4

92*0 89*0 80*0
57*0 43*0 44*0
74*0 08*7 70*9

75-0 80*0 70*0
24*<
2*0 190
51*8 40*2 46*2

80*0 80*0 81*1
25*0 20*0 22*<
50*4 00*1 50*1

90*0 95*0 91*0 102*C 90*0 95*0
33*0 39*0 42*0 60*0 43*0 40*0
09*4 00*0 00*3 78*5 70*4 73*1

71*0 75*0 70*0
21*(
4*0 22*0
47*9 40*0 49*0

80*0 83*0 85*0
25*0 30*0 23*(
53*1 57*0 54*0

89*0 80*0 85*1
40*0 38*0 45*1
05*0 03*0 05*(J

91-0 91*0
45*<' 4'*0
09*0 05*5

75*0 70*0 75*0
22*0 10*0 25*<
51*4 37*7 50*0

80*0 90*0 95*0
27*0 28*n 25*0
54*0 b8'U 58*0

90*(
30*0
70*0

93*0
35*0
04*0

96*1 9 **' 91*0
55*0 43 0 41*0
72*2 07*0
w

73*0 72*0 C70
24*0 -2 *0 23*(
40*0 34*0 41*2

78*0 87*0 84*1 ,87*0 88*0 89* >
34*1 30*0 42*0;
27-0 25* ( 24*i
49 5 52*4 55*8 08*4 03*2 03*2

93*0 88*0 90*0
570 40*‘ 40*<*
77*
08*0 703

70*0 74*0 07*(
21*0 0*0 17*0
45*8 32*4 42*7

83*0 80*0 80*i
2«*0 27*1 24*i
49*-; 54.1 62*0

83*0 87*0 85*1
351 44*0 42*i
68*2 03*3 04*0

93*0 91*0 88*0
5S*« 45*0 44*0
70*2 05*0 70*0

70*0 74*0 07*(
25*U -7 *0 15*<
45*0 33*0 40*0

84*0 87*0 84*1
25*0 10*0 20*0
49*0 51*0 54*0

9'/* itvo 90*0
32*
32*0 39*0
68*0 02*0 03*0

91*0 91"( 88*0
54*
42*0 40*0
74*0 08*0 69*0

73*0 73*0 71*0
22*0 -*•0 22*0
46*0 30*0 43*0

85*f 85*0 85*0
23*0 V4*0 24*0
52 0 54*0 50*6

9C*0 89*0 88*0
30*0 33*0 37*1
08*6 02 8 05*4

92*0 93*0
44*0 40*0
70*2 72*0

74*0 70*0 65*0
16*0 -0*0 15*1
41*0 28*2 30*3

75*0 82*0 81*0
19*0 20*i- 19*0
44*1 45*8 52*0

91*0 93 ft 910
31*0 33*0 34*0
60*8 01*5 59*2

97*0 920
30*0 39 0
07*0 07*0

74*0 75*0 71*<
9*0 -6*0 18*1
418 30*0 39*(

80*0 85*0 81*0
23*C 23*0 18*0
48*0 54*0

88*0 80*0 90*30*0 32*0 30*i
05*1 59*8 00*0

91*0 93*0 90*0
55*0 40*1 40*0
73*5 06*0 06*0

71*0 74*0 76*0
18*0 —3*0 100
45*0 34*6 40*0

78*( 87*0 80*0
27*( 28*0 23*0
49*0 52*7 5>*0

87*0 88*0 89*1
39*0 3S*o 41*i
08*8 03*8 03*3

91*0 94*0 90*->
57*8 4*1*0 44*0
70 4 09*0 09*1

70*0 65*0 60*(
12*0 -4 *0 10*1
40 ‘0 30*9 40*b

78*(
28*1
50 i

90*0 79*1
30*0 20*f
51*2 53*2

88*0 86*0 87*(
34*< 3 >*< 37*1
61*0 59*0 59V

91*0 87*0
41*0 43*0
08*3 04*1

60*0 60*0 60* ‘
9*<
9*0 - 0*0
40*0 300 88 3

80*0
23*0
43*>

77*1
12*'
51*8

71*0 65*0 75*i
39*0 15*0 28*(
57*1 42*0 53*5

72*0 77*1 76*1
45*( 38*1 38*0
60*9 60*0 03*2

N. C A R ’ NA
W ilm xngVnRainfall.ii
Days raiD..
W eldon.—
Rainfall.ii
Days rain.
Charlotte—
Rainfall.ii
Days rain.
Raleigh—
Rainfall.ii
Days rain.
M organton.Rainfall.ii
Days rain
8. C A R O L S
Charleston—
Rainfall.ii
Days rain.
6 tateburg—
Rainfall.ii
Days rain.
Columbia.—
Rainfall.ii
Days rain.

79*0 82*o 80*i
48*0 49*0 5**<
♦9*0 08*1 71*8

80*0 82*5 88*0
05*0 00*7 02*0
78*4 73*2 770

85*0 87* ( 80 0
38*1 37*0 43*0
08*0 06*0 70*0

90*0 88*0 920
58*0 50*0 50*0
74*0 70*0 74*0

74*0 72*0 74*(
24*0 -4*0 35*0
500 33*0 41*0

90"( 87*0 92*0
23*0 20*0 24*0
54*£ 50*0 58*0

96*0 89*0 95*i
28*0 08*0 47*1
08*0 00*0 03*<

105*0 90*0 99*0
52*0 44*0 51*0
78*0 70*0 74*0

84*0 79*0 83*0
33*0 11*0 25*l
57*0 45*0 52*0

90*( • 85*0 93*0 91*0 91*0 99*1
35*0 32*0 32*0 44*1- 47*0 48*C
01*0 02*0 05*0 1 7O*0 70*0 74*1

97*2 90*0 94*0
01*0 49*0 52*0
7b*8 73*0 77*3

73*5 86*5 74*0
0*5 29*5
31*0
63*0 42*2 49*7

84*1
32*1
58*1

85*5 89*0 86*0 90*0
29*5 1 42*5 34*5 44*0
01*9 , 09*4 08*4 71*3

93*0 88*1 92*5
02*0 50*0 50*0
78*0 72*2 75*7

74*0 78*0 80*0
2*0 19*0
30*0
48*8 40*7 50*5

85*0 87*0 85*0 | 91*1' 90*5 92*0 100*0 94*0 90*0
28*0 29*0 28*0 1 36*0 34*5 47*0 52*0 40*0 47*0
55*9 58*7 59*1 09*0 67-1 09*0 78*7 71*/ 750
87*0 87*0 9L*C
34*0 33*0 27*0
00*0 01*0 58*0

93*0 89*1- 92*1 100*1 90*0 90*0
44*0 38*0 43*0 02*i 49*0 43*0
70*0 02*0 07*0 70*0 75*0 Ic'Q

83*<
23*(
40*4

92*0 88*C 85*1
28*1 30*C 38*9
001 64*C 031

F ebrua ry.

VIR G IN IA
N o r fo lk .Rainfall.li
Days rain..

98*0 90*0 89*0
50*0 40*0 33*0
80*0 00*0 05*0

84*( 85*0 85*0
25*0 27*0 27*0
58*0 00*0

IN D IAN T.
Oklahoma—
H ig h est.... 73*0 04*0 07*0
Lowest—
10*0 -8*0
7*0
43*4 44*0 35*1
V

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

89*(
30*1
58*7

76*0 76*0 81 *(
82*0 — 1*0 18*0
5a*0 40*0 47*1

H ighest.... 79*0 75T 71*0
Lowest—
30*0
3*0 10*0
A v erage... ro-o 44*0 44*5

R ainfall.

82*0
48*1
70*0

90*0 83*0
13*0 19*0
50*0 528

March.

1890. 1895. 1894

93*0 89*0
41*0 40*0
69*8 08 2

A-pHl

May

1896. 1895 1894. 1890 1895. 1894. 1826 1895 1894.

4*39 2*62 5*53
12
15
11

1*07 5*SC 2*94
14
13
8

1*18 6 07 2*11
8
10
15

8*03 8*60 3*47
14
11
11

GEORGIA.
Augusta.—
Rainfall. Ir
Days rain.
Atlanta.—
Rainfall,in
Days rain.
Savannah.—
Rain fall,ir;
Dava rain.
Columbus.—
Rainfall,lr
Days rain.
Forsyth.—
Rainfall,ir
Days rain..
FLORIDA
JacksonvilleRainfall,in
Days rain..
Tampa —
Rainfall,lr
Days rain.
Titusville—
Rainfall,ir
Days rain..
Tallahassee—
Rainfall,ir
Days rain..
ALABAM A.
Montgom'y.—
Rainfall,in
Days rain.
Mobile.—
Rainfall,in
Days rain..
N ew ton Rainfall,In
Days rain..
Birm ingham
Rainfall,In
Days rain..
Florence—
Rainfall,in
Days rain..
LODIS’ ANA
Sew OrleansRainfall.in
Days rain.
8hreveport.—
Rainfall,in
Days rain..
9rd. CoteauRainfall,in
Days rain.
lib e r ty Hill—
Rainfall.in
Days rain.

ARKANSAS
Little R o ck .Rainfall,lr
Days rain.
Helena—
Rainfall.ii
Days rain.
F ort S m ith Rainfall.in
Days rain .
Camden—
Rainfall.in
Days rain..
C om ing—
Rainfall.in
Days rain..

Rainfall.in
Days rain.
'demphis.—
Rainfall.in
Days rain..
U hwood—
Rainfall.in
Days rain..
W ier—
Rainfall.ii
Days rain.
TE XA S.
Galveston.—
Rainfall,ir.
Days rain.
Palestine—
Rainfall.in

0*04 0*5*
10
0

0*78
8

3*13 4*37 4*80
9
10
15

6*84 2*14 4*67
14
11
0

3*03
8

1*94 8 0 s
7
15

2*79
y

7*23 413
13
7

1*13
11

6*40 1*87 4 54
10
12
7

1*55 5*52
5
1L

1*90 5*00 2*43
10
8
8

1*08 405
10
13

2*27
10

Rainfall.in

0*7?
12

2*00 3 88
8
12

3*20 6*09 2*14
14
10
11

1*51
7

7*95 1*74
17
8

3*40 7*51
10
15

San Anton io.
Kainf* l,i

4*58 4*00 5*00
8
7
8

3*93 4*05 0*85
7
7
0

1*58 4*15 2*15
5
11
7

5*21 3*82 3*10
8
7
7

|

4*04, 4*47 3*91
0
9
10

8*04 5*22 1*78
13
9
i

0*71
4

0*59 3*88 5*80
9
10
9

1*09 001
13
8

2 52
9

1*09 9*80 1*42
5
12
8

2*64 4*08
11
10

8-;;o

1*52 6-3*
8
12

2-(»

0*95 5*91
4
12

3*00 8*80 1*09
11
10
11

9

S-25 5*33
8
11

8

!

4*21 0*53
12
9

1 37
0

052
7

5*63 347
13
21
1*40
5

4*06 0*57 4*29
0
1
11

A p ril

Rainfall.in
Days rain..
Longview—
Rainfall.in
Rainfall.in
INDIAN

2*04
4

6*72
12

1*00
9

4*40
8

M ay.

2*10
9

5*27 2*42
10
0

2*70 3*22 2*89
7
10
0

2*20
7

4*48
9

2*08 8*42
9
10

6*77 4*02 7*09
9
»
12

1*41
0

3*04 2*01 4*98
9
8
15

3*29 7*55
12
14

2*99 3*78 3*05
10
9
13

3*19 5*31 2*81
10
7
8

1*51

4*43 0 64
12
0

4*30 2*20 5*63
12
12
11

0*83 2*14 8*52
5
4
11

3*37 11*25 3*21,
5
0
7

1*55
3

4*97
7

1*81
3

2*31
7

8*16 9*69
5
15

6*90 3*71
8
7

5*81
7

1*80
5

1*00 3 01
8
7

3*44
13

2*51
6

8*00
lb

2*04 3-71 5*D
0 :
»
9

2*47
9

3*09 3*34
10
13

3*49
10

2*99
11

3*00
9

1*95 3*99
13
13

1*49
6

3*03 3*12
7
7

3*77 3*99 2*73
10
9
9

2*10 2*07
10
5

2*01 3*01
13
7

0*45
5

2*35
7

3*00
0

3*22 11*19
6
15

0*60
6

0*0
9

1*71
0

0*5« 5*20
8
0

0*49
2

4*40 0*83
13
4

2*95 2*00
1
8
4*02
14

3*36
5

1*24
7

2*2120

1*49
9

1*29 0*92
10
8

0*30 5-38
8
2

1*30
4

2 27
10

1*04 0*04
O
4

1*59 4*5
11
0

0*17
7

2*83 7*10 0*98
15
11
1*2

6*33 4*4
9
7

1*3
2

3*35 3*55
8
7

2*00
5

4*85 2*08
4
11

3*49
13

3*12
0

1*80 2*56
10
19

1*98
10

1*90 5*50
6
11

3*50 0*98
12
19

4*59 9*1.4 4*88
10
13
14

399
14

7*70 4*35 9*46
11
11
17

7*59 10*47 11*51
9
12
14

2*20 304
12
4

5*58
5

3*01
0

3*88
5

2*99 5*21
5
7

1*10 5*92
0
7

4*39
11

4*40
0

4*41
13

3*27 4*48
4
5

3*27
6

3*13 2*7;7
7

2*50 2*00
8
0

8*20
8

1*43
8

2*78
3

3*92 11*06
12
18

0*51
13

7*10 5*59
12
9

5*94 4*84 2*58 4*71
13 ; 5
«

1*05 7*95
10
12

1*79
5

3*37 4*60 8*04 j 4*90 0*24 4*03
10
10
12
13
3
5

3*94 5*97
0
15

1*84
5

4*71
7

415
5

0*05
11

4 85 4’8r 8*68
7
7
0

1*19 1*42 4*82
4
5
5

3*55 4*10
3
7

1*92
4

5*0^
8

1*09 3*85
4
9

4*9>* 5*46 8*93
0
0
9

6*88 2*27 4*2i
3
8
3

1*75 5*03 5*17
3
11
7

9

3*81
L2

1*44
11

4*76 0*76 3*53
9
8
14

MISSIS’ PI.
Joiwnbus.—
Rainfall,ir 9 4'
Days rain.
9
Vicksburg.—
Rainfall.ii- 10*18
Days rain.
12
island—
Rainfall,in 5*85
Days rain.
10
Brookaven—
Rainfall,in 8*49
Days rain..
8
Kosciusko—
Rainfall.in 9*3^
Days rain..
0
W aynesboroRainfall.in 4*7?
Days rain..
5

1*98 2*94 2*27
12
8
jy

1*04
8

M arch.

1890. 1895. 1894. 1890. 1895. 1891. 1896. 1895. 1894, 1890. 1895. 1804.
S .C A R O L ’ A
H ollan l—
Rainfall,in
Davs rain..
Greenwood —
Rainfall,in
Days rain..

4*70 2*38 3*53
10
10
8

5*19 2*13
13
;>

February.

0*50 5*93 4*93 7*47
10
2
17 | 10

5*98
9

002
14

6*27
15

4*95 4*21
8
0

4*05
8

3*02
10

1*35 2*00
5
8

1*70 5*8 <
13
17

323
9

1*25 4*02
9
11

2*40 3*02 6*71
10
14
13

1*32 3*4r
4
8

8*30 0*52 9 72
10
9
9

2*35 2*20 4*02
8
7
4

0*88 2*39 0*50
2
4
7

3*37 7*01
8
12

0*28 7*7“ 5*40
7
9
11

4*74 2*92 5*71
3
7
9

0*41 5*41
4
11

4*91
0

2*75 5*60
7
5

4*50 7*38 5*50
5
8
0

3*86 0*0C 1*79
0
2
3

2*03
3

1*40
2

1*15 7*05 1 5*10 4*05 0*35
1
5
4
0

2*50 5*90 2*30
5
4
2

4*75 4*35 4*81
5
5
0

9-0-i
10

2*67 1*47 4*1'
5
12
5

1*06
5

2*27
4

2*89 0*08
4
0

4*9"
0

4*30 7*711
14

5*88 0*4'
11
0

7*58
10

5*75
12

4*49 10*00
11
8

5*52 2*58 7*92
10
10
8

3*86 2*32
8
10

1*8^ 0*21
10
8

5*56
13

2*95 2*79 0*82
10
14
10

0*40 1*41 6*56
15
13
11

5*99 3*74 2*53
14
10
9

1*99 4*05
7
0

5*34 5*31 11*87
13
11
i-i

4*80 2*61
4
4

7*77
11

5*43
ll

1*58
7

3*40 0*56 6*52
4
8
8

e*93 4*73 0*60
15
10
9

4*27 1*71
8
8

2*00
9

1-01

8*07
13

3*05 0*98 8*65
12
0
15

0*45 5*09 2*09
13
11
9

2*92 3*07 4*05
9
11
13

3*19 1*39 7*9l
8
7
13

4*73
14

378
9

091
8

5*52 0*11
11
8

3*53
7

2*00 0*50 8*90
18
3
11

2*50
8

397
7

0*90 9*50
2
9

4*05
j

2

2*85 3*81
10
8
1*77
12

2*05 2*63
12
12

2*32 8*45
9
7

2*49 0*46 5*70
14
7
13

4*97 2*5
8
7

4*58
5

1*20 1*59
7
5

4*1(
7

2*00
12

3*0*
4

4*10 0*01 2*89
10
2
8

7*01 10*90
14
12

....

2*70 4*93 2*09
11
11
11

3*59 277
9
0

1*96
8

1*49 0*33 1*4W
6
8
5

0*82 5*13
2
10

1*00
2

7*05 2*50 3*08
10
8
15

1*77 2*5:
9
11

4*59
16

1*22 2*35 fl-47
7
12
7

4*13 11*38
8
15

1*83
7

0*78 2*32 0*95
7
4
0

0*14 (VI 5 1*00
4
5
7

1*11
2

2*30 1*23
7
8

07a

3

l*9b
7

6*49
0

2*36 3*97 0*52
10
9
0

0*06 2*24
?
11

0*80
4

2*73 0*29 2*05
9
9

2*74
4

0*66
11

1*14
4

7*07 8*70 3*34
4
9
0

2*03
5

4*35
0

2*00 2*4 • 2*45
5
3
1

2*35 13*00
5
13

1*00

5*22 1*84 3*40
7
0
9

1*80 3*92 7*07
11
7
14

2*09 1*49 4*25
11
7

2*42 fi*os
5
13

1*24

7*70 4*54 3*41
4
0
5

7*47 0*74
4
3

3*15

1*46 5*46
7

0*94 0*11
0
2

2*31

0"14
2

1 03 0 82 4 79
9
7
8

1*02 G*41 2*82
H
5
11

1*34
0

1 87
12

5*26
7

3

T.

Rain fail,in
Days rain .

t in u p p r e c i a b l e .

0*f.7
3

1 11
5

THE CHKONIOLE,

June 6, 1896.]
Th b F o l l o w

in g

ie e

lia o s s R

the

e o b ip t s

C o tton a1

of

N a w Y o r k , B o s t o n , P h i l a d e l p h i a a n d B a l t i m o r e f o r t h e p a st
w e e k , a n d s i n c e S e p t e m b e r 1 ,1 8 9 5 ,

z -<

T o t a l,...,,

si

S . Orleans—
3%v&tm’ h
M o b ile .. . . . .
Florida— ..
So, Carolina
No. Carolina
Virgtuia
North, ports
Tann., A c...
"fo re ign ......

3 in c*
S*pt. 1 .

3,184
l,H 7
i,$I5

263,827
202,126
233,120

§03

6,131
7 MSS
£8,430
k‘e ,m s
...........
53,038
7,830

in
10.791

PHILADELPHIA

Bo sto n .

NEW TORE.
Ri&tpt*
from —

«*t , « 9

Last r e s r w .

Sine*
3 «p i. 1.

........

15.S12
116,04'*

M2
........

B a l t im o r e .

Sines
TAii
TAit
Sine*
W6tk. S spt. 1, toeek. S«pt

Thin

...........
3,439

1,337

55,231
....

...
.....
2 /m
1,983

im

4,545
4.219
•J2,032

950
........
213

586,641

m

54,225

........
2,500; 179,911

838,183

1.243

164,»5iti

00,375

£«>

187,717
122,760
50,023

n,im
7.642

1,207

105L

4,003

76,938
47,744
......

322.956

M a y 15

M ay 22

Stay 27

5 3 ,0 0 0
5 6 ,0 0 0
Sales o f the w eek...........bales
24,0 00
Of whloh exporters t o o k ...
1,200
900
200
800
Of w hloh speculators took
1,000
700
5 1 ,0 0 0
50,0 00
Sales A m e r ic a n ............ ........ .
2 2 ,0 0 0
Actual e x p o rt................. . . . . . .
5,0 0 0
3 ,0 0 0
2,000
Forwarded.................................
2 8 ,0 0 0
7 7 ,0 0 0
6 1 ,0 0 0
Total stock—Estim ated........... 1 ,0 9 0,00 0 1,0 7 5,00 0 l,0 8 o ,0 0 0
9 1 0 ,0 0 0
9 1 7 ,0 0 0
Of whioh A m erican—E stlm ’i
9 2 8 ,0 0 0
4 9 ,0 0 0
3 4 ,0 0 0
Total Im port o f the w eek ____
5 0 ,0 0 0
37,0 00
3 1,0 00
Of w hich A m erican___ . . .
45,0 00
6 1 ,0 0 0
5 2 ,0 0 0
Amount afloat............ ..............
8 5 ,0 0 0
O f whloh A m erican............ ..
7 0 ,0 0 0
f 0 ,0 0 0
3 5 ,0 0 0

6 3 ,0 0 0
2,000
5 9 .0 0 0
17.0 00
6 5 .0 0 0
,0 2 6 ,0 0 0
3 7 0 ,0 0 0
2 8 .0 0 0

20,000
5 7 .0 0 0
3 5 .0 0 0

The tone o f the Liverpool market for spots and futures each
day of the week ending June 5 and the daily closing prices
o f spot cotton, have been as follows.
Spot,

S atu rd ay M on d ay.

M arket, )
1:45 p . it. j

Dull.

Mld-Hpl’da
s>

S3

Tuesday. W ed'dwy T hursd’y.
Fair
business
doing.

4*16

i 3Sij

8 ,0 0 0
500

10,0 00
500

More
active.

Easier.

4iss
1 4 ,0 0 0
1,000

F rid a y .
Fully
raalnt’ned

31*16

31*18

1 5 ,0 0 0
1,000

1 5 ,0 0 0

1;ooo

Shipping News .—The exports o f cotton from the United
States the past week, as per latest mail returns, have reached
41,715 bate. So far as the Southern porta are concerned these
are the same exports reported by telegraph and published in
the C hronicle last Friday. With regard to New York we
Include the manifests of all vessels cleared up to Thursday.

8peo. A exp .

Total balet.
N ew T o r s —T o Liverpool, per steamer Cevle, 7,488................... 7,183
To Hull, per steamer Colorado, 885........................................
885
To Manchester, perUtamera Lassell, 3<-0 upland and 392
Sea Island....................................................... ..........................
692
To Havre, per steamer La Bretagne, 300 upland and 46 Sea
Island...........................................................
3 4 6
To Bremen, per steamer< Ailer. 1.103 .. . Haile, 3 .9 4 1 ....... 5,047
To Hamoarg, per steamer Phasaleia, 6 2 8 ...............................
023
To Rotterdam, per steamer Settled,mu, 5 9 3 .... .....................
593
To Antwerp, tor steamers St. Luthbert, 4 0 0 ....Westernland, 300 ..........................................................................
9C0
To Genoa, per steamer Fulda, 1,137...... .................................
1,137
N ew Orle* m «—To Liverpool, per steamer Vena. 3,300............ 3,300
To Copenhagen, per steamer Nicolai II., 4,044..... ................. 4,044
To Oenoa.per steamer Portuguese Prince. 5,096 ................. 5,006
G alvbatom- T o Liverpool, per steamer Alicia, 8 , 1 13 ........... .
0.113
Boston—To Liverpool, per steamer Cephab nia, 171
Kansas,
504 — Norseman. 545 .. Victorian, 887............. ........... .
2,167
Baltimore —To Liverpool, per steamets Sedgemore, 296___
Vedsraowi, 1,061 Upland ant! 117 Sea Island......................
1,774
To Bremen, per steamer Crefeid, 1,235______ ____________
1,235
To Rotterdam, p, r steamer Fab»*e ', 100 .. .........................
100
San F rancisco—To Liverpool, per slop E. Baggio, 2 0 0 .............
200

T h e p r ic e s o f fu tu r e s a t L iv e r p o o l f o r e a c h d a y a r e g iv e n
b e lo w . P r ic e s a r e o n th e ba sis o f U p la n d s, L o w M id d lin g
c la u s e , u n le ss o t h e r w is e s ta te d .

F utures.
M arket, \
1:45 p. m , {

%

O
5
Steady.

M arket, £
4 P, M. $

Steady ai trreg. at
at
partially 3-64 (®4 u- a Sasv
decline.
deollne.
1-04 dec.

Very
steady.

Quiet.

Weak.

r V The p r ic e s a r e g iv en in p en ce a n d 0 4 ML
3 83-64H ., a n d 4 0 1 m ean s 4 1-64<J.
f
S a tu r, | M o n .
M ay 3 0 to
J u n e 5.

uck.

Barely
steady.

Firm.

T h u s:

W ed.

3 6 3 m ea n t

F rI.

T lm r s .

1 2:15 4 2:15 4 2 :15 4 2 :1 5 4
’ P. M. F, M. P.34. V. M. F.M. P. M. P. M. P. M. P. M. P.M .
12 *3

•
*
J a n e .............
J u n e - J u ly ..
J a ly -A u g . . .
A u g .-S e p t...
S e p t .-O c .. . .
O cL-N oy . . .
N o v .-D e o ...
D e e .- J a n ...
J a n -. Fell ...
Felt-Marolx..
M o ll-A p r il.,

T

Easy at
1-64 ad­
vance.

*
3

*3

—4

3

i <t.

rt.

3 63 3
3 HI! 3
3 01 3
3 5*1 3
3 53 3
3 51 3
|3 51 3
3 51 3
3 52 3
3 53 3
1 ....

03
03
61
50
52
50
50
50
51
53

a.

a.

d.

d.

d.

d.

d.

d.

,4 00 1 0 0 4 0 1 3 63 3 56 3 56 3 52 3 57 3 56 3 5 3

4
l
3
3
3
3
3
3
3
3

00 3
00 3
6213
5 7:3
5313
5 1 :3
5113
51 3
5 2 :3
5313

63 3
62 3
61 3
55 3
52 3
50 3
50 3
30 3
51 3
52 3

5S 3
ft* 3
56 3
51 3
48 3
16 3
46 3
4 6 ,3
47 3
48 3

f.6
56
54
48
45
-13
43
43
44
43

3
3
3
3
3
3
3
3
3
3

52
52
51
46
43
42
42
42
43
41

3 57
3 57
3 56
3 53
3 48
3 46
3 46
3 46
3 47
3-18

3
3
3
3
3
3
3
3

56
56
54
50
46
44
44
45
3 46
3 47

3
3
3
3
3
3
3
3
3
3

53
53
51
47
44
42
42
42
43
44

.

lotai ...............................................
41,715 A pril-M ay..
T h e p a rticu la rs o f these sh ip m en ts, a rra n ged in o u r usual
f o r m , are as fo llo w s.
B R E A D S T U F F S .
Butt it
Bremen ft’dam
F r i d a y , J u n e s , 1896.
Liver- Hand Bam a .4nl- Oopeapnbi. chra'rr, Havre, burg, trrrp. baa tm. Genoa. Total.
T h e r e h a s b e e n a d e c id e d ly ta m e a a d u n in t e r e s tin g m a r k e t
New Tor*
7,483 1,577 340 5.675 1,193 . . . . . 1.137 17,716
». Orleans.
3.300 . . . . .......... ....
. . . . . 4 , 0 4 4 5,098 12.440 fo r w h e a t flo u r d u r in g th e p ast w e e k . B u y e r s h a v e b een
Galveston..
6,113
6,113 d e c id e d ly in d iffe r e n t o p e r a to r s , t a k in g o n l y s m a ll p e d d lin g
Boston......
v ,i6 t
...........
2,167 lots t o fill im m e d ia t e r e q u ir e m e n ts , a n d p ric e s h a v e fu r t h e r
Baltimore..
1,774
........... 1,235
100
................
3,109
San Fran.,
200
.....................
200 d e c lin e d . C it y m ills h a v e m o v e d s lo w ly b u t n o c h a n g e s
T o t a l ..., 21,012

1,577

346

6,910

1,593

4,044

6,233

41,745

Below we add the clearance! this week o f vessels carrying
cotton from United States ports, bringing our data down to
the latest dates:
N «w O ki.Ea.hs -T o Liverpool -M a y 30 -S team er Astronomer, 1 ,8 0 3 ___
J u n e 3 —Steamer Legislator, 1,098.
To H avre -M ar 30—Steamer Parahvba, 2 .7 C 8 ... June 5 -8 te a m e

Highland Prince, 2,300.

To Barcelona—June 3 - Steamer M iguel O allait, „ ,974.

M o b i l e - T o Manchester—June 3 - Steamer Hnntcllff, 2,100.

S avannah —To Bare lo n a -M a y 2 9 -S te a m e r S*. Regains, 3,500.
To G enoa—May 2 9 - Steamer St. Rtgulus, 750.
P o e t Ko v a l - T o L iverpool - M a y 1 9 -S t e a m e r Y u ca ta n , 1 ,8 1 3.
B o sto n —T o L iv e r p o o l—M ay 2 8 -S t e a m e r S cy th ia , 2 2 8 . .. . . J u n e 1 —
S team er M ich ig a n . 2 1 4 u p la n d and 72 S ea I s l a n d .. .. l a n e 2 S te em er C orm th ia , 571 .

Baltimore —To B rem en -J u n e 3 -S te a m e r Neckar, 1,041.
T o A n tw e rp -J n n e 2 —Steamer Norse Klag, 126.

S an F rancisco- T

o Japan-M ay

28-Steamer Belglo, ICO.

Cotton freights the past week have been as follows.
S a iu r.

L iverp ool........... rf.
Do
............ d
Havre, aefcei . e
Dunkirk , _____ e
fir e m e n ............. , e
Do
.............. e
H am bu rg............ e
Do
. . . . . . . . e.
A n u 'd x n . asked, e.

M on.

J
3

0
m

1
Do v. HttlL-.d.
B arcelona.......... ,1.
1
G enoa.......... .. r.
;
Trieste, Jane___ d.
A n t w e r p .......... .*
1
G h e n t,.. A ntw'p.a
;
■O eo ssa e i per 100 lbs.

WrMnes. Thurs.

H,

i
%
s

T uts.

hi

251

251

. .. .

251
251
25*
•*-*
18*191 18*191 18019!
....
.
221
22!
22*

....

. .. .

27t.t
341
321
. .. .

26*

H

27*9*
34!
321
*«»*
20!
%2

27*31
31*
321

hi

>8

Fn.

3S2

....

180191 183191
. .. .

. .. .

22]

221

. .. .

....

27*9*
341
32*
.*-*■
261

27*3i
34*
321
....
26*

ha

333

hi

*e

19

*--*
26!
***

Liverpool.—Byoable from Liverpool we have the following

statement of the week’s sales, stocks. &<*,, at that port.

h a v e b een m a d e in q u o ta tio n s .
R y e flo u r has r e c e iv e d
sligh t ly in c r e a s e d a t te n tio n a n d p ric e s h a v e h e ld fa ir ly s te a d y .
T h e d e m a n d f o r c o r n m e a l has b e e n d e c id e d ly lim it e d , b u t
n o c h a n g e s h a v e b e e n m a d e in q u o t e d v a lu e s . T o -d a y th e
m a r k e t f o r w h e a t flo u r w a s q u ie t b u t s te a d y .
T h e r e has c o n t in u e d a fa ir d e g r e e o f a c t iv it y to th e s p e c u la ­
t iv e d e a lin g s in t h e m a r k e t f o r w h e a t fu tu r e s , b u t it h a s b e e n
p r in c ip a lly liq u id a t in g sa les b y t ir e d “ lo n g s ,” p r o m p t e d b y
fa v o r a b le c r o p a d v ic e s , a n d in c o n s e q u e n c e p r ic e s b r o k e ra th e r
sh a r p ly e a r ly in th e w e e k , b u t W e d n e s d a y a n d y e s t e r d a y
th e r e w a s s o m e t h in g o f a r e c o v e r y in v a lu e s o n a d e m a n d
fr o m
“ B h o rts”
t o c o v e r c o n t r a c t s , s tim u la te d b y v a ­
r io u s S ta te c r o p r e p o r ts s h o w in g a d e te r io r a tio n in th e
c o n d it io n
d u r in g
th e
p a st
m on th . T h ere
w as
a lso
som e
b u y in g
fo r
fo r e ig n
accou n t
and
th is
a lso
h e lp e d t o s t r e n g th e n v a lu e s . I n th e s p o t m a r k e t sh ip p er*
w e r e f a i r l y a c t iv e b u y e r s e a r ly in th e w e e k a t s t e a d y p rice s,
b u t la te r t r a d e b e c a m e s lo w , a n d y e s t e r d a y n o t a sa le w a s r e ­
p o r t e d . T o -d a y th e m a r k e t w a s fa ir ly a c t iv e a n d p r ic e s a d ­
v a n c e d s h a r p ly o n a b r is k d e m a n d fr o m “ s h o rts” to c o v e r
c o n t r a c t s , s tim u la te d b y u n fa v o r a b le c r o p a c c o u n ts , b o th
fr o m th e W e s t a n d E u r o p e . T h e sp o t m a r k e t w a s fir m b u t
q u ie t.
T h e sales in c lu d e d N o . 1 N e w Y o r k N o r th e r n at
6 - 3j c . f . o , b , a f l o a t ; N o . 2 red w in te r w a s q u o te d n o m in a lly
at
f. o . b . a flo a t a n d N o. 1 h a rd s p r in g at 71*^c. f . o . b .
s floa t.
D A IL T CLOSIN’ 0 P R IC E S O F NO . Z R E D W IN T E R W H E A T .

2hies.
Wed. Thurs
Fri
Sot.
H on,
64
06*4
June d elivery..................0.
63%
635s
61*9
63%
64%
66
July delivery_________ .0.
&
03 M
63*4
03%
64
Angus*, delivery........... .o. S
62%
626b
62?a
64%
62%
85%
September d e liv e r y .... . 0 .
o
63%
64VS
64%
87%
65**
December d elivery___ . 0. «
66*8
I n d ia n c o r n fu tu re s h a v e b e e n tra d e d in w ith s lig h t ly m o r e
fr e e d o m . E a r ly in th e w e e k p rices w e a k e n e d s lig h t ly in
s y m p a th y w it h th e d e c lin e in w h e a t ; su b s e q u e n tly , h o w e v e r ,
th ere w a s a g e n e r a l d e m a n d fr o m “ sh o rts” t o c o v e r c o n t r a c t s , ,
a n d p r ic e s a d v a r c e d , m o ie th a n r e c o v e r in g th e e a r ly loss.
In th e s p o t m a r k e t o n ly a lim ite d am u u n t o f b u sin ess h a s
b een tra n s a c te d b u t p ric e s h a v e h eld s te a d y . T h e sales y e s ,
te rd a y in c lu d e d N o . 2 m ix e d at 3 t% b. d e liv e r e d . T o -d a y th e
m a r k e t w as q u ie t b u t a b o u t s te a d y . T h e s r o t m a r k e t w a s
s te a d y . T b e sales in c lu d e d N o . 2 m ix e d at 3 5 c. f, 0. b, a flo a t,

THE CHRONICLE.

1052

N o . 2 w h ite a t 3 4 % c . in e le v a t o r a n d N o . 2 y e llo w a t 3 4 % c .
in e le v a to r.

Nbw

yo re to

[V ol. LXH.

J une l.

1896.

1895.

Week. Since Jan. 1.

Week. Since Jan. 1.

D A IL Y CLOSING! P R IO R S O F N O . Z M IX E D C O R N .

<■'».
Wed. Thurs
3312
33%
33%
33%
343q
34
i-j
34.
31%
34%
35*0
35
34%
35ig
35*«
35%
34%
35
35%
36%
36
36ie
35%
a
O ats f o r fu tu r e d e liv e r y w e r e q u ie t , a n d im m e d ia t e ly f o l ­
lo w in g o u r last, p r ic e s w e a k e n e d s lig h t ly . S u b s e q u e n tly
th e r e w a s an a d v a n c e in s y m p a th y w it h t h e im p r o v e m e n t in
o th e r g r a in s a n d o n a c o n t in u e d a c t iv e e x p o r t d e m a n d , s h ip ­
p e rs’ p u rch a se s a m o u n t in g to a b o u t 1,000,000 b u sh e ls. T h e
sales y e s te r d a y in c lu d e d N o . 2 m ix e d a t 2 2 % c . in e le v a t o r a n d
24J£@ 24J£c. f. o . b . a f l o a t ; a ls o N o . 2 w h it e a t 2 4 i^ c . in
e le v a to r a n d 2G J£@26J^c. f . o. b . a flo a t . T o -d a y th e m a r k e t
w a s q u ie t a n d u n c h a n g e d . T h e s p o t m a r k e t w a s fir m e r b u t
qu iet,
t h e sa les in c lu d e d N o . 2 m ix e d a t 2 2 % @ 2 3 c . in e le v a ­
to r a n d 2438' c . f. o. b. a f l o a t ; a lso N o . 2 w h it e a t 25 c. in
ele v a to r.
0.

Mon.

Sal

33
33%

Tues.

D A ILY CLOSING PRICES OP NO. 2 M IXED OATS.

Sat.

Mon.

Tues. Wed.

T/iurs

.

Jane delivery............... ..o H oli----22% 23
23
23
July delivery............... ..a. day.
22%
22% 23%
23%
23%
R y e h a s b e e n q u ie t a n d e a sy . B a r le y h a s b e e n in lim it e d
d e m a n d f o r fe e d in g s t o c k f o r e x p o r t at s t e a d y p ric e s.
T h e fo l l o w i n g a r e c lo s in g q u o ta tio n s :

FLOUR.
Pine.................. $ bbl. $ 1 6 0 3 2 10 i P atent, w in ter...........$3 60®S3 90
Superfine..................... 1 70®
220 City m ills e x t r a s .....
4 00
Extra, No. 2 ............... 2 20®
250 E ye flour, superfine.. 2 45® 2 90
E xtra, No. 1 ................ 2 50®
285 Buokwheat flou r___ _
___
C le a rs........................ 2 55®
3 25 C om m eal—
W estern, &e............ 2 00® 2 10
S tralslite................
3 30®
3 55
B randyw ine..........
215
Patent, sp rin g.......... 3 50® 3 90
[W heat flour in sacks sells at prices b elow those fo r barrels.]

GRAIN.
Wheat—
0.
Spring, per b u sh .. 66 ®
Red winter No. 2 .. 7 2 7e »
Red w inter.......... 67 ®
W hite.......... ..................... ®
Oats—Mixed, per bn. 21 «>
flW h ite______ ____ 22 ®
No. 2 m ixed .......... 22%®
No. 2 w hite............ 25 t»

Corn, p er bush—
o.
o.
72
W esf’n m ix e d ____ 32% ®
No. 2 m ixed........... 33% ®
74%
75
W estern y e llo w ... 35
Western W hite___ 35
24
R yeW estern, p er hush. 42 n
28
23%
State and J e rse y ..
43
26
39 a
B arley—W estern...
34% ®

o
35%
35
37
37
44
41
38

P roduce Exc h an g e E lection .— T h e a n n
e le c tio n o n
th e P r o d u c e E x c h a n g e , h e ld M o n d a y , J u n e 1, re su lte d as f o l ­
lo w s : P re s id e n t, H e n r y D . M cC o rd ; V ic e -P r e s id e n t , F ra n k
B r a in a rd ; T re a su re r, E . C. R ic e .
M a n a g e rs— t w o y e a r s : J.
W . A b ie s , E . G . B u rg e ss, E m ilio P r it c h a r d , C . E . M ilm in e ,
H e r b e r t B a r b e r a n d J o s e p h S. T h a y e r . I n s p e c to r s o f E le c ­
tio n — G e o r g e B . F e rris, F . M. C a r n e y , A . L H o lm e s , R o b e r t
B . M iller, F ra n k P . L o c k it t a n d G e o r g e L . L y o n s .
T ru stees
o f G r a t u it y F u n d , to se r v e th r e e y e a rs, E lia s T . H o p k in s , to
s e r v e u n e x p ir e d te rm , o n e y e a r , V i n c e n t L o e s e r .
V

F o r o th e r t a b le s u s u a lly jtlven h e r e s e e p a g e 1 0 2 6 .

THE

DRY

GOODS TRADE.

N e w Y o r k , F r i d a y , P. M „ June 6, 1896.
A n o t h e r la r g e a u c t io n sale w a s h e ld th is w e e k , s o m e 15,000
c a r to n s o f silk r ib b o n s m a n u fa c t u r e d b y t h e P h o e n ix S ilk
M a n u fa c t u r in g C o m p a n y b e in g d is p o s e d o f . A s w a s t h e ca se
in th e sa le o f p ie c e silk s la st w e e k , sta p le g o o d s in d e s ir a b le
c o lo r s so ld q u ic k ly a n d a t c o m p a r a t iv e ly g o o d p r ic e s . I n th e
r e g u la r m a r k e t t h e c h i e f fe a tu r e h a s b e e n th e r e d u c t io n in
t h e p ric e s o f le a d in g m a k e s o f sta p le g in g h a m s to as l o w a
p r ic e as t h e y h a v e e v e r s o ld at. T h e n e w p r ic e s h a v e b een
e ffe c t iv e in c le a r in g o u t c o n s id e r a b le
s t o c k s f r o m first
h a n d s. A p a r t fr o m th e f o r e g o i n g th e m a r k e t h a s p r e ­
sen ted
a
g e n e r a lly
d u ll
ap p earan ce.
B u yers
have
b e e n in lim ite d a tte n d a n c e a n d sp o t tra d e s lo w , w h ils t
th e d e m a n d c o m i n g fo r w a r d t h r o u g h th e m a ils h a s b e e n o f a
c o n s e r v a t iv e c h a r a c t e r . S e lle r s a re n o t g e n e r a lly d isp o s e d
to m a k e lo w e r p r ic e s o n s t a p le c o t t o n s , e v e n t h o u g h it is d i f ­
fic u lt to r e sist th e in flu e n c e o f s lo w sa les, a n d b u y e r s a re n o t
a p p re h e n s iv e as t o t h e m a r k e t ’s im m e d ia t e c o u r s e . T h e i m ­
p ression p r e v a ils th a t th e r e w i l l b e n o d e c id e d m o v e m e n t in
a g e n e r a l w a y u n til a fte r t h e S t. L o u is C o n v e n t io n h a s c le a r e d
a w a y p o lit ic a l u n c e r t a in t ie s , w h ic h a r e n o w a d a m p e r u p o n
business e n te r p r ise . C o n t in u e d w e a k n e s s in r a w c o tt o n still
o ffs e ts a n y in flu e n c e w h ic h th e s h o rte n e d p r o d u c t io n o f c o t ­
to n g o o d s m ig h t o t h e r w is e e x e r c is e .

W

oolen

G oods.— T h e r e h a v e b e e n v e r y fe w b u y e r s i n th e

T ota l........................ .........
hina, via V anoouver-, ..

3,504
616

Total..................................

4,120

40
12
678

A r a b i a ..........................

A frica....................
Nest Ind ies...........
VCerloo.............. .
Central A m erioa..
loath A m e r io a ...
0tuer C oun tries..

39
8

361
11
87
909
127

2,605
1.302
19,298
3,332
13,120
3,663
7,871
1,380
4,613
22,435
2,621

96,450
14,323

3,956
1,900

82.240
9,700

110,773

3,956

91,940

265
2,149

■ J‘rom New England m ill points direot.
T h e v a lu e o f t h e N e w Y o r k e x p o r t s f o r t h e y e a r ha&
b een $4,347,261 in 1896 a g a in s t $3,665,330 in 1895.
T h e a g g r e g a te b u sin ess tr a n s a c te d in b r o w n g o o d s d u r in g
th e w e e k h a s b e e n lim it e d o n b o t h h o m e a n d e x p o r t a c c o u n t .
E x p o r t g r a d e s c o n t in u e fir m , b u t in o t h e r d ir e c t io n s t h e
m a r k e t p re s e n ts f e w d iffic u lt ie s to b u y e rs w illin g to p a y c lo s e
u p to q u o ta tio n s . T h e d e m a n d fo r b le a c h e d s h e e tin g s is c o n ­
fin ed to h a n d -t o -m o u t h b u y in g .
P ric e s o f le a d in g m i k e s a re
lik e ly to b e r e d u c e d s h o r t ly a n d b u y e r s a re c i u t i o u s in v ie w
o f th is. S ales o f d e n im s a re s m a ll a n d a lm o s t e n t ir e ly t o
the c u t t in g -u p t r a d e s ; p r ic e s are u n c h a n g e d ,
In oth er
c o a r se c o lo r e d c o tt o n s a lim it e d b u sin ess is d o in g a n d s e lle r s
a re e a sy to d e a l w it h . W id e s h e e tin g s ir r e g u la r a n d q u ie t ,
c o t t o n fla n n e ls a n d b la n k e ts q u ie t ly s te a d y .
K id -fin is n e d
c a m b r ic s in a c t iv e , a n d te n d t o w a r d s b u y e r s ’ fa v o r .
T h ere
has b e e n an in d iffe r e n t d e m a n d f o r p rin ts o f a ll d e s c r ip t io n s
a t first h a n d s a n d o n ly a q u ie t r e -o r d e r bu sin ess i a p r in t e d
w a s h g o o d s . A m o s k e a g a n d L a n c a s te r s ta p le g in g h a m s h a v e
s o ld lib e r a lly u n d e r r e d a c t io n o f p r ic e t o 4 ^ c .
L a n ca s te rs
s in ce r e -a d v a n c e d t o 5c, T h e r e is p r a c t ic a lly n o m a r k e t f o r
d ress s ty le g in g h a m s . P r in t c l o .h s h a v e r u le d s t e a l y a l l
w e e k at 2 }£ c . f o r e x tr a s , b u t sales h a v e b ea n s m a ll.
1896.
1895.
1894.
1893.
Stock o f Print OiotKs—
June 1.
June 2.
June 3.
Hay 30.
299,090
158,090
271,000
78,000
At Providence, 61 squares
2 1,000
903,009
4 6 6 .0 9 0 /
At Pall River, 64 squares.
8,0 00
531.090
70,000
146,000 \
At F all R iver, odd s iz e s ...
T otal a to o li(D leoes)... 1,729,000

232,000

883,000

8 6 ,0 0 0

F oreign D r y G oods .— T he market for foreign merchan­
dise has presented no new feature ef importance. S sisoqable business is irregular and light in the aggregate, with
prices irregular also. Orders for fall lines have beea indif­
ferent in both number and volume iu all descriptions of staple
and fancy goods.
I m p o r t a t io n s a n d W a r e lt o u e e W it h d r a w a ls o f D r y G o o d s .
T h e im p o r ta tio n s a n d w a r e h o u s e w it h d r a w a ls o f d r y g o o d s
a t th is p o r t f o r th e w e e k e n d in g J u n e 4 , 1898, a n d s in c e
J a n u a r y 1, 1896, a n d f o r t h e c o r r e s p o n d in g p e r io d s o f la st
y e a r are as fo llo w s :

l s
^

§i j S; 1
O!
b:
bi
B

Cl to
-JM
© es

[ 5 3 ° |i

PI

S5

2 & CctO p
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b; 5
•I II •0=*

S|
w&

0:

S Pi
B*

MtCtOCi^
C iM t O tC ©
CO © C i — d

s o £

Cl M
C l CO
< ito
O M

H

M

ss —
M

■ I
t o k-* t o M C I
M C O C i*-*< I
CO C l t o CO CO

MCI
CO-*
W<1

00 <1

MfcO I

25 CO

COO I

co b

3 b
H
g
& to
•
—
0
Mg
§ °°
to
* C
► O
B -s S'
a r5
o to
d co
2 o
Bb

B M

COto I-*to Cl
M© COCOCO© M
W<J COMH^M

©Ci —MM
m g; w et
IOM
00<1 COh-. co <i —
©CO

005
toco

35

I,

PH
't o
5>

OB

<j m m
tOOOM CO M
| L W « H CO
c im

toco
low b V b t o c *
05<1 05to to O C1
to i*M*qei
c i to
O I ©M
MtO

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114,138
52,744
39,928
39,534
13,774

49,490
711,226

MtO
pi 05COO W
b cob —
M Mto O "1
MCO-vJOlO

12,106,787
42,525,408

5,993,770
2,515,717
1,721,571
1,190,849
684,880

D o m e s t ic C o t t o n G o o d s — T h e e x p o r t s o f c o t t o n g o o d s
fr o m th is p o rt f o r th e w e e k e n d in g J u n e 1 w e r e 3,504
p a c k a g e s, v a lu e d a t $163,222, th e ir d e s tin a tio n b e in g t o t h e
p o in t s s p e c ifie d in t h e ta b le s b e l o w :

1,633
172
56
143
598
122

963
1,280
44,014
2,507
7,880
7,547
5,424
1,282
3,786
19,986
1,781

260,118
988,896

w o o le n g o o d s d iv is io n th is w e e k a n d s p o t b u sin e ss h a s r u le d
in a c t iv e in a ll d e s c rip tio n s o f ra e n ’ s -w e a r fa b r ics . A f e w
r e o rd e r s c o m e to h a n d d a y b y d a y , b u t t h e y a re o f c o n s e r v a ­
tiv e c h a r a c te r in m o st d ir e c t io n s . F a n c y w o o le n s , s u c h as
c h e v io ts , are still in r e la t iv e ly b e st d e m a n d . B u y e r s p a y
little a tte n tio n to sta p le lin e s o f th e p la in o r d e r in e ith e r
w o o le n s o r w o r ste d s a n d a re d o i n g v e r y little in fa n c y
w o r ste d s. T h e C la y bu sin ess is still m o s t u n s a t is fa c t o r y a n d
p r ic e s a r e d e c id e d ly ir r e g u la r , a n d t h e r e is so m e ir r e g u la r it y
in fa n c y w o r s te d s a lso . T h e d e m a n d f o r s a tin e ts a n d c o t t o n w a r p ja n d u n io n c a s s im e r e s is s lo w a n d r e a d ily m e t. O v e r ­
c o a t in g s in a c t iv e a n d t h e d e m a n d f o r c lo a k in g s d is a p p o in tin g .
D ress g o o d s d u ll in b o th p la in a n d fa n c y lin e s . In fla n n e ls
a n d b la n k e ts tra d e h a s b e e n in d iffe r e n t a t p r e v io u s p r ic e s .

Great B ritain.......
O tter E uropean..
China .....................
tudia................. .

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THE CHRONICLE.

JUNE 6, 1896 ]

S tats
~ ~ ~

C ity D m m m i T ,
TERMS

OF

SU B SC R IP T IO N .

1053

hreok & Co., of Boston, for SUO,079. The securities will ns
dated July 1, 1896. iaterest will be paid sfimi-aaauillyon Jra.
1 and July 1, in Detroit or in New York Citv, and the princi­
pal will mature July 1, 1936. The bids received for the b mds
were as follows :

A m o u n t B id ,
T h e I n v esto rs ’ S u p ple m e n t wiLl be furnished
E sta b ro o k & C o „ B oston , f o r both iss u e s ................................. $ 1 1 0 ,0 7 9 0 0
w ithout extra charge to every annual subscriber o f the P e o p le ’ s S a v in gs Bunk, D e tro it, fo r tiottt Issues .................... 1 >9,0J0 0 0
The L a m p re e lit B ros. C o.. C lev ela n d , f o r b o th i s s u e s ........ 1 0 1 ,5 1 7 7 6
R . L D a y * C o.. B oston , fo r b o th issues ................................. 1 0 7 ,1 6 9 0 0
COMMER- TAL AND FINANCIAL CHRONICLE.
R. Ku-yboKo & Co., Cincinnati. for botii issues................... 107,159 78
T h e S t a t e a n d C i t y S u p p l e m e n t will also be fu r­ E d w , (3. J o n e s C o., N ew Y o r k , f o r b oth iss u e s ........................ 10 5,500 OO
E d w . O. J o n e s Co.. N ew A'ork. fo r Uotli issues (rett. g o l d ) .. 1 0 7 ,0 0 0 0 0
nished without extra charge to every subscriber o f the W. J. H ayes A Sous, C lev elan d , fo r lig h t b o n d s _____ . . . 5 4 ,1 3 3 0 0

C h r o n ic l e .
T he S tree t R a i l w a y S u p p l e m e n t will likewise
be furnished without extra charge to every subscriber
o f the C h r o n ic l e
T he Q u o ta tio n S u p p l e m e n t , issued m on th ly, will
also be furnished w ithout extra charge to every sub­
scriber o f the C h r o n ic l e .
T E R M S for the C h r o n ic l e with the fou r S u p p le­
ments above named are T en
ollars within the U nited
States and Tw elve Dollars i
Europe, which in both
cases includes postage.
Terms of A dvertising— Per loch space.)
Qae tear. ...............................
S350 Tar
Months (13 tim e s)..$2 5 0 0
Ob « Mouth
(t a m o s ) .. 11 00 S is oaths
(28 tim es).. 43 00
T w o Month*
<3 tunes).. IS 00 . Twelve M onths(52 tim es).. S3 00
(The above terms for or... m onth ami a n » .iM are fo r stsuniitic cards.

T h e p u r p o s e o f th is m a t e a n d C ity d e p a r t m e n t
is to f irijisu jur sabscribens with a weekly addition to and
cootinu itioa of the State and City Supplement, In other
words, with the new facta we shall give, the amplifications
and c rrecdona we shall publish, and the municipal Laws wo
shall taalyte in the ** State and City Department,” we expect
to bring io(cn weekly the information contained in the
State and City Supplement to as near the current date as
possible. Hence every Subscriber will at all times possess a
complete and fresh cyclopaedia of information respecting
Municipal Debts.
B o n d P r o p o s it i* a n d N e g o t ia tio n * . -We have re­
ceived through the week the following notices of bondsrecently negotiated and bonds offarei and to b i offered for
sale.
Allegheny, Pa. —Bowl Offering. — Proposes will be re­
ceived until 3 o'clock P. M, June 16. 1896, br ! un s Brown,
City Comptroller, for the purchase of $190.03) of 4 per cent
registered wafer bonds The securities are to be dated June
1, 1898, interest will be payable semi-anna illy on June 1 and
Dec* mixer 1 at the office of the City Comptroller, or mailed by
check to the bolder thereof wherever purchaser may desire,
and the principal will mature June l, 1925. The bonds must
be taken up within thirty days after the award.
Ashtabula, Ohio.—Bond Election,—A vote will be taken
June 12 cn issuing $200,000 of water-works bonds.
Brunswick, M<1.—Bond# Defeated.—Q. II. Hagan, Clerk,
reports to the CHRONICLE that an election held May 38 on
issuing SIIV'UO of water-works ponds resulted in the defeat of
the proposition.
Cardlugton, Ohio.—Bond Election.—A vote will be taken
June 22 on issuing city ball bonds.
Chicago, 111.—Bond Sale.—Below is a list of the bids which
were received on June 2, 1890, for the purchase o f 8100,000 of
t per cent 20-year refunding bonds of the Ci'.y of C lieago .
R. L. I'av A
, B oston.................................. ............................*103,78 900
Blakp Bro*. A Co . Boston........................................................... 102,156 00
Kr.u-hr. D' r.i -llv A Co ................................................................ 100.11000
N W, ll -.rri- A
.......................................... .............................. 10 3,64 750
litUioi* Tr.i-t .......... .................................................................... 102,45500
V
r. •* * C » ....................................................................... 102,525 00
Parson. Lent.Si A C o....................................................................... 100,300 00

It is reported that the bonds were awarded toK . L. Day &
Cb.
Chicopee, Mass.—Bond Sale.—It is reported that on May
30, 1880. the city of Chicopee sold 826,000 of 4 per cent
coupon water bonds, averaging about nine years, to Messrs.
Btodget, Merritt & Co., at 103*884 and accrued interest.
Other bids received were as follows: Estabrenk & Co , 108*63;
R. L. Day ,% Co., 102*569; Ia-e, Higginson A Co., 103*54; J.
W. Long.street &■ Co., 102*31; Third National Bank, 102*45;
W Hurri- A: O x. •■•ri.x Hi
Bros. •%
: <:•>., 11)2*41; E,
H, Rollins d£ S5or.s. 103*41; E. H. Gay & Co., 1*2*27: Farson,
Leach & Co.. 102*07; W. 8. Simons, 102; H. JEL Skinner.
101 873; Delta, Denison & Prior, 101*73.
Ikiiilw, Md.—Bonds) Proposed.—Water-works bonds to the
amount of 810,000 are under consideration.
Detroit. Htoil. —Bond Sole.—On June 1, DOO. the city of
Detroit wild <50,000 of 4 per cent- public improv nant bonds
and 850,000 of 1 percent public lighting bonds t . Mi-isrs. Eata-

IV. J. H a y e s & S ons, C levelan d, fo r im p r o v e m e n t b o n d s ..

54, L32 0 0

A bid was also received from S. A, K*an, of Caicigo, offer­
ing lOiJI for the bonds, but it was not accompanied ny a certi­
fied check as required by the advertisement. Toe C ly Comp­
troller reports the total net municipal and street oavi ig d-bt,
including the above-meati n d new is*u-s, as 84,046,449 and
the charter limit of the bonded debt as $4,191,736.
vanston, Wyo.—Bond Election.—The citizens of Evans­
ton will vote a second time on issuing water bonds. A 6 per
Cent 10-20 year loan of $5,000 was recently offered for sate but
the Treasurer informs us that the bonds wilt have to bs re­
voted.
(Jiylord. Mich —Bond Offering.—Proposals will be re­
ceived until 7 P. M. June 15, 1896, by W. S. Fillmore,
Clerk, for the purchase of $2,500 of a per cent water­
works bonds. The securities will be dated June 1 .1396, in­
terest wilt be payable semi-annually and the principal will
mature in ten years, both principal and interest to be payable
at the Ninth National Bank, New York.
These bonds* were authorized at an election bald May 11,
1896, by a vote of 175 to 13.
tin*sit Falls, Mon,—Bond A u c t i o n . —On June 25, at 3
o’clock I-* M ., $34,500 of Great Falls funding bonds will be
offered for sale at public auction at tha office of the City
Treasurer. The securities will be dated July 1. 1896, interest
! at the rate of 6 percent will be paid semi-annually o i January
1 and July 1, and the principal will mature July 1, 1916, with
option of call after July 1, 1906. Both principal and interest
will be paid in gold com in New York City. The bonds are
to be issued for the purpose of funding the floiting indebted­
ness of the city. They will be in deaomiaatious of $300 and
$1,000 each and the payment of principal aud interest is pro­
vided for by special tax levy.
Thebondel debt of Great Falls on April 30, 1838, was
$150,000; total debt, $313,311 33, and the net debt was $166,817 64. The assessed valuation of taxable proper,y within the
city limits for the year 1895 was $6,350,333.
Hamilton County, Ohio.—Bond Offering.—Proposals will
be received unt.il 12 o’clock noon June 10, 1893. oy the County
Commissioners, for the purchase of $25,000 of 4 per cent New­
town Bridge bonds, the securities will be dated June 10,
1896, interest will be payable semi-annually at the office of
the County Treasurer, and the prineioal will mature June
10, 1910.
Highland Park, Mich.—Bonds Authorized.—It is reported
that water-works and electric-1 gbt bonds of Highland Park
to the amount of $30,000 have been voted.
Hudson, N. Y.—Bond Sale.—On June 1, 1896, this city sold
$25,000 of coupon street improvement bonds maturing at the
rate of $5,000 yearly from February 1, 1909 to 1913, inclusive,
at IO5 1 4 , and $10,000 of coupm cemetery purchase bonds
maturing at the rate of $2,000 yearly from February 1,1912 to
1916, inclusive, at 105)L Both loans were awarded to the
Hudson City Savings Institution. The bonds are to be dated
August 1, 1896, with interest at the rate of 4 percent, pay­
able semi-annually* in February and August. O.her bidders
were representatives of the following firms ; I. W. Sherrill,
Dietz, Denison & Prior, R. L. Day & Co., Limprecht Bros,
Co.. W . J. Hayes & Sons, Bertron & Storrs and Benweli &
Event t:,
Itasca Comity, Minn,—Bond Sale.—Six per cent 10-year
park bonds of Itasca County to the amount of $5,000 have re­
cently been sold to Messrs. Kane & Co., of Minneapolis, at a
little over par and accrued interest.
Knox County, Tenn.—Bond Sale—Bonds of this county to
the amount of $315,000 were sold at public auction on-June 3,
1896, to N. W. Harris & Co. Representatives of twenty firms
were present. The securities bear iaterest at the rate o f 3 per
cent and run 20 years.
Lafayette, lad .—News Item.—Water-works bonds of .Laf­
ayette to the amount of $75,000 due June 1, 1896, will be paid
on presentation at the office of Messrs. Blair & Co., New
York.
Lester Prairie, Minn.—Bond Offering.—Proposals will be
received until June 23 for the purchase of $6,000 of water­
works bonds,
Le Boy, Minn.—Bonds Authorized.—Water-works bondsof _
this village to the amount or $8,000 have been voted.
**
Malden, Mass.—Bowl Sale.—It is reported that $100,000
of 30-year sewer bonds of Malden have recently been sold at
107*439, $19,000 of 19! 3 yeir water oonds at 103*89i and $10,000 of 49-year park bond* at 409*881. The sewer and water
bonds were awarded to Messrs. R, L. Day & Co. and the park
bonds to II. S. II >mer & 0 >. Tea bids in all were received
for the loans. The sewt cities all bear iaterest at the rate of 4
per cent.

1054

THE CHRONICLE.

M e lr o s e , M ass.— B o n d S a l e .—O n J u n e 2, 1898, th e t o w n o f
M elrose s o ld $50,000 o f 4 p er c e n t s c h o o lh o u s e b o n d s t o E . L .
D a y & C o . at 105'188 a n d a c o r u e d in te re st. T h e s e c u r itie s a re
d a ted F e b r u a r y 24, 1896, in te re st is p a y a b le s e m i-a n n u a lly in
F e b r u a r y a n d A u g u s t, an d th e p r in c ip a l w i l l m a tu r e in t w e n ­
t y years, b o th p r in c ip a l a n d in te r e s t to b e p a y a b le a t B o s to n
o r M elrose, M ass. T w e lv e o t h e r bid s w e r e r e c e iv e d f o r the
lo a n as f o l l o w s : H . W . B ig e lo w , 104 075; G . A . F e r n a ld &
C o ., 104-877; J o se , P a r k e r & C o ., 104 622; E . H . G a y & C o .,
104-32; B lo d g e t , M e rritt & C o ., 104-96; A . L . S w e e ts e r & C o .,
104-165; E s ta b r o o k & C o ., 105-019; B la k e B r o s . & C o ., 104 83;
E . H . R o llin s & S o n s, 104 36; W . S. P u t n a m & C o ., 104-65;
H . S. H o m e r & C o ., 104-742; N . W . H a r r is & C o ., 105-185.
M e n a r d C o u n ty , 111.— B o n d O f f e r i n g . - P r o p o s a ls w ill b e
r e c e iv e d u n til J u n e 13, 1896, f o r th e p u r ch a s e o f $50,000
o f c o u r t - h o u ie b o n d s , th e lo a n to b e a r in te re st at th e rate o f 5
per cen t.
M ia m i T o w n s h i p , C l e r m o u t C o ., O h io .— B o n d O ffer in g —
P r o p o s a ls w i l l be r e c e iv e d u n til 12 o ’c l o c k n o o n J u n e 16,
1896, b y A . B . A p p le g a t e , T o w n s h ip C le r k , f o r th e p u r ch a s e
o f $6,860 o f 5 p e r c e n t b o n d s . S e v e n o f th e b o n d s are f o r $200
e a c h , e ig h t fo r $250 e a c h , s ix fo r $300 e a c h , fo u r fo r $350 e a c h
an d o n e f o r $260, th e first o n e b e in g p a y a b le S e p te m b e r 1,
1896, a n d o n e e v e r y s ix m o n t h s t h e r e a ft e r
I n te r e s t w ill b e
p a y a b le s e m i-a n n u a lly , b o th p r in c ip a l a n d in te r e s t to b e p a id
at "the M ilfo r d N a tio n a l B a n k , M ilfo r d , O h io .
N a s h v ille , T e n n .— B on d S ale. — O n J u n e 2, 1896, th e c it y o f
N a s h v ille so ld $110,000 o f A % p er c e n t 3 0 -y e a r b o n d s to W . I .
Q u in ta rd o f N e w Y o r k at 105 29 an d a c c r u e d in te re st. T h e
se cu ritie s are to b e d a te d J u ly 1, 1896, a n d in te r e s t w ill be
p a y a b le e ith e r in N a sh v ille o r N e w Y o r k , a t th e o p tio n o f th e
h o ld e r . T h e b id s r e c e iv e d f o r th e lo a n w e r e as f o l l o w s :
E . B e e k m a n U n d e r h ill, J r ,, N e w Y o r k , o ffe r e d p a r a n d
1 1 -1 0 p e r c e n t p r e m iu m f o r 4J^ p e r c e n t b o n d s , th e lo a n to
r u n 20 y e a r s o r lo n g e r .
D u k e M . F a r so n , C h ic a g o , o ffe r e d p a r a n d
per cen t p re­
m iu m f o r 4J4 p er c e n t 2 0 -y e a r b o n d s o r p a r a n d 2-26 p e r c e n t
p r e m iu m f o r
p e r c e n t 3 0 -y e a r b o n d s .
E s ta b r o o k & C o ., B o s to n , o ffe r e d p a r a n d 3-31 p e r c e n t
p r e m iu m f o r 4J^ per c e n t 30 -y ea r b o n d s .
W . I . Q u in ta rd , N e w Y o r k , o ffe r e d 104-19 a n d in te r e s t f o r
4 % p e r c e n t 20 -y ear b o n d s o r 105-29 f o r 3 0 -y e a r b on d s.
E . H . G a y & C o ., B o s t o n , offered par and a premium o f
$1,125 50 and interest for 43£ p a r ceDt bonds.
D ie tz , D e n is o n & P r io r , C le v e la n d , o ffe r e d 102-08 f o r 4J^
p e r c e n t 2 0 -y e a r b o n d s o r 102-67 f o r 3 0 -y e a r b o n d s .
L a m p r e c h t B ro s. C o ., C le v e la n d , o ffe r e d 101 a n d in te re st fo r
4 }4 p er c e n t b o n d s.
M a son , L e w is & C o ., C h ic a g o , o ffe r e d 101 70 f o r 4 % p e r
c e n t 2 0 -y e a r b o n d s .
N . W . H a rris & C o ., C h ic a g o a n d N e w Y o r k , o ffe r e d 101-17
f o r 4J^ p e r c e n t 20 -y ea r b o n d s o r 101"68 f o r 3 0 -y e a r b o n d s .
N e w H a v e n , C o n n .— B on d Sale. — O n J u n e 1, 1896, th e c it y
o f N e w H a v e n so ld $100,000 o f 4 p er c e n t s e w e r a g e b o n d s to
R . L . D a y & C o ., o f B o s to n , M as?., f o r $111,667 a n d a c c r u e d
in te r e st. S e v e n te e n b id s w e r e r e c e iv e d f o r th e lo a n as fo llo w s ;
B. L. D ay & Co.. Boston ...................$111,667 00 and accrued interest
Blodget, Merritt A C o , Boston____ 111.276 00
do.
Farson, Leach & Co.. New Y o tk ....... 111,275 00
do.
Estabrook & Co., B oston .................... 110,810 00
do.
E. C. Btanwood A Co., B oston............ 110,600 00
do.
Daniel A. Moran & Co., New Y o r k ...
110,578 00
do.
H orace 8. Hom er & Co., B oston......... 110,083 00
do.
W. I, Quintard, New Y ork ................ 109,790 00
do.
E. H. Rollins A Sons, B oston.............. 109,630 00
do.
New Haven Savings Bank,N w H aven 109,500 00
do.
H. C. Warren A Co., New H aven....... 109,330 00
do.
Street, Wykes & Co., New Y ork ......... 108,770 00
do.
Verm ilye & Co., New Y o rk ................. 108,275 00
do.
Edward C. Jones Co., New Y o rk ....... 108,100 00
do.
Rudolph K leybolte & Co , Cincinnati
108,039 39
do.
J. S. Fariee & Bros., New Y 'o r k ......... 105,500 00
do.
S. A. Kean, C hicago............................. 100,000 00
N ew Y o r k C it y .— B o n d O f f e r i n g . - P r o p o s a ls w ill b e r e ­
c e iv e d u n til 2 o ’c l o c k p. 11. J u n e 18, 1896, b y C ity C o m p t r o lle r
A sh b e l P . F itc h f o r th e p u r ch a se o f 81,283,909 o f 3 % p e r c e n t
c o n s o lid a t e d s t o c k o f th e c i t y o f N e w Y o r k . T h e se cu ritie s
w ill b e e ith e r c o u p o n o r r e g is te r e d a n d are d e s c r ib e d as f o l ­
lo w s :
LOA NS—
When Due..
LOANS—
When Due.
Ce m e t e r y B o n d s —
3>2S, g.,MAN, $554,565-N o v .l, 1916
B r i d g e B o nd s—

3 *2S,g.,M&N,$283,694-N ov. 1,1914

3h>s,g.,:M&N, $250, OOO.Nov.l, 1916

3L>s,g.,MAN,$195,650.N o v .l,1914

S c h o o l -H o u se B o n d s —

C o l l e g e B u il d in g B o n d s —

N o r w o o d , P a .— B o n d Sale.— O n M a y 28, 1896, th e b o r o u g h
o f N o r w o o d so ld $15,000 o f 4 p er c e n t s e w e r a g e b o n d s to
M essrs. D ic k B ro s. & C o ., o f P h ila d e lp h ia , f o r a p r e m iu m o f
$137. In te r e s t is p a y a b le se m i-a n n u a lly a n d th e lo a n m a tu r e s
in th ir ty y e a rs, th e se cu ritie s to b e fr e e fr o m t a x a t io n . F iv e
o t h e r b id s w e r e r e c e iv e d fo r t h e lo a n as fo llo w s :
D el. C o . T ru st, o f C h e ste r, P a ., o ffe r e d a p r e m iu m o f $56 25
f o r 5 p e r c e n t boDds.
W . J . H a v e s & S o n s, o f C le v e la n d , O h io , o ffe r e d a p r e m iu m
o f $413 f o r 4J^ p er c e n t b o n d s .
J on e s & C o ., t f P h ila d e lp h ia , o ffe r e d p a r fo r
p ercen t
bonds.
P h . F . K e lly , o f P h ila d e lp h ia , o ffe r e d p a r f o r 4 p e r c e n t
bon ds.
M a r y C a lh o u n , o f N o r w o o d , o ffe r e d p a r f o r 4>/, p e r c e n t
bonds.
P i t t s f i e l d , N. H - B o n d O ffering. — P r o p o s a ls w ill b e r e ­
c e iv e d u n til 12 o ’c l o c k J u n e 16, 1896, b y G e o r g e F . B e r r y
T o w n .T r e a s u r e r , f o r (h e p u r c h a s e o f §31,000 o f 4 p e r c e n t

[V ol. LXT1.

fu n d in g b o n d s . T h e se c u r itie s w ill be d a t e d J u ly 1, 1896, in ­
te re st w ill b e p a y a b le s e m i-a n n u a lly in J a n u a r y a n d J u l y ,
a n d th e p r in c ip a l w ill m a tu r e J u ly 1. 1916, w ith a n o p t io n o f
c a ll a fte r J u ly 1, 1912, b o th p r in c ip a l a n d in te r e s t to be p a y a ­
b le a t B o s t o n .
R o m e , N. Y .— B on d O fferin g . — P r o p o s a ls w ill be r e c e iv e d
u n til J u n e 15, 1896, a t 7:30 P. M. b y C ity C h a m b e r la in K . S .
P u t n a m f o r t h e p u r c h a s e o f $18,500 o f 4 p e r c e n t c i t y h a ll a n d
r e lie f b o n d s .

T h e se c u r itie s w ill b e issu ed in d e n o m in a t io n s

o f $500 e a c h
Jan. 1 and

and

J u ly

in terest w ill

b e p a y a b le s e m i-a n n u a lly o n

1 a t th e F a r m e r s ’ N a tio n a l B a n k o f R o m e .

T he c it y h a ll b o n d s a m o u n t to $10,000 a n d w ill m a tu r e at th e
ra te o f $1,000 y e a r ly fr o m

Jan.

1, 1897, t o

Ja n .

1, 1906.

T h e r e lie f b o n d s a m o u n t to $8,500 a n d w ill m a tu r e J a n . 1,.
1900, b u t $1,500 w ill b e o p tio n a l a fte r J a n . 1, 1899; $1,500
a fte r J a n . 1, 1898; $1,500 a ft e r J u ly 1, 1897, a n d $2,090 a ft e r
J a n . 1, 1897.
T h e c i t y ’s n e t d e b t is a t p re s e n t $185,855; w a te r d e b t , a d d i­
tio n a l, $170,000; assessed v a lu a tio n , $5,615 ,536 ; p o p u la t io n in
1890 w a s 14,991. T h e in c o m e fr o m th e w a t e r -w o r k s is $20,000
an d th e r u n n in g e x p e n s e s a r e $4,000.

F u rth er p a r ticu la rs reg a rd in g this new bond issue ivill b e
fou n d in the official a d v ertisem en t elsew here in this D ep a rt­
m ent.
R u t h e r f o r d , \ J . — B on d s P ro p o sed . — P a v in g b o n d s to th e
a m o u n t o f $22,000 a n d s e w e r b o n d s to th e a m o u n t o f $ 1 8 ,0 0 0
a re u n d e r c o n s id e r a tio n . A n e le c t io n m a y b e h e ld to v o te o n
th e p ro p o s itio n s .
S t. A u g u s t in e , F l a .— B on d s P ro p o sed .— B o n d s to th e
a m o u n t o f 585.000 are p r o p o s e d to fu n d e x is t in g in d e b te d n e s s
a n d f o r w a t e r -w o r k s p u r p o s e s.
S p r i n g f i e l d , v *.— B on d s A u th o riz ed . — I t is r e p o r t e d th a t
t h e p e o p le o f S p r in g fie ld h a v e v o te d in f a v o r o f is s u in g
$30,000 o f e le c t r ic r a ilr o a d b o n d s .

Staunton, Ya.— B on d Call. — N o t ic e h a s b een g iv e n b y
A r is ta H n g e , C ity T re a su r e r , th a t c o u p o n a n d m a n u s c r ip t
b o n d s o f S ta u n to n to th e a m o u n t o f $36,000, b e in g ) s u b je c t to
c a ll, w ill b e p a id on p re s e n ta tio n a t th e b a n k in g n ou se o f
T o w n s e n d S c o tt & S o n , B a lt im o r e , M d ., o r at th e o ffic e o f th e
C ity T rea su rer, o n J u ly 1, 1898. Ttte b o n d s c a lle d a re d e ­
s c r ib e d as f o llo w s :
O ne c o u p o n b o n d , No. 8 8, f o r $ 1 ,0 0 0 , d a ted J u ly 1 ,1 8 7 6 , b e a r­
in g 8 p e r ce n t in terest, an d p a y a b le J u ly 1 ,1 9 0 6
................ $ 1 ,0 0 0
T w e lv e c o u p o n b o n d s, N os. 114 to 125, in o lu siv e , f o r $ 1 ,0 0 0
ea ch , d a ted J u ly 1 ,1 8 9 1 , and p a ya b le J u ly 1, 1 9 2 1 ................ 1 2 ,0 0 0
O ne b o n d No. 3 0 2 , f o r $ 5 0 0 , d a te d J u ly 1, 1 89 1 , and p a y a b le
J u ly 1 ,1 9 2 1 ................................................................................................
500
T w e n ty boDds, N os. 131 to 150, In clu siv e , f o r $ 1 ,0 0 0 e a ch , d a ted
J u ly 1 ,1 8 9 1 , an d p a y a b le J u ly 1 ,1 9 2 1 ........................................... 2 0 ,0 0 0
O db m a n u scrip t b o n d fo r $ 75 0 , d a te d J u ly 1,1 8 9 1 , a n d p a y a b le
J u ly 1 ,1 9 2 1 .......................................
750
O ne m a n u scrip t b o n d f o r $ 1 ,7 5 0 , d a te d J u ly 2 3 ,1 8 9 1 , and
p a y a b le J u ly 1, 1 9 2 1 ..............................................................................
1 ,7 5 0
$ 3 6 ,0 0 0

S t o n e h a m , M a s s .— B on d Sale. — O n J u n e 1. 1896, th e t o w n
o f S to n e h a m s o ld $32 000 o f 4 p e r c e n t s e w e r a g e b o n d s to
B lo d g e t , M e rr itt & C o ., o f B is t o u . a t 1 0 1 1 8 4 a n d a c c r u e d
in te re st. T h e s e c u r itie s a re d a te d J u n e 1, 1896, in te r e s t is
p a y a b le se m i a n n u a lly o n J u n e 1 a n d D e c e m b e r 1, a n d th e
p rin c ip a l w ill m a tu ie at th e ra te o f S4,000 y e a r ly f r o m J u n e
1, 1897, to J u n e 1, 1904, b o th p r in c ip a l a n d in te r e s t t o be p a y ­
a b le a t th e N a tion a l B a n k o f th e R e p u b lic , B o s to n , F o u r te e n ,
b id s w e r e r e c e iv e d f o r th e lo a n as f o llo w s :
B id.

Blodget. Merritt A Co., B oston......................................................1 0 1 1 8 4
H. W. B igelow. B o s t o n .................................................................. 1 0 1 1 3 7
H. 8. Horner & Co., B oston ............................................................ 101-112
Mason, Lewis & L'o., B oston........................................................ 101-096
Joi-e, Parker & Co., B oston................................................. . ..........10 1076 75
Blake Bros. A Co., B o s t o n ..................................... ...................... 101-06
Geo A. Fernald A Co., B oston................................... .................. 100-877
Jas. W. Longstreet & Co., B oston ........ ........................................100-87
Estabrook A Co.. Boston ............................................... ..............1 0 0 -8 1 7
K. L. Day & Co. Boston ................................................................ 100-789
E. H. Rollins & Son, Boston .......................................................100 T77
W. J. Hayes & Sons, Boston ....................................................... 100-77
Dietz, Dennison A Prior. B oston................................................. 100-53
Farson, Leach A Co., New Y o r k .................................................. 100-29
T h u r s t o n C o u n t y , W a s h .— B on d s P ro p o sed . — ft h a s beenp r o p o s e d to issu e b o n d s in e x c h a n g e fo r th e w a r r a n t in d e b t ­
ed n ess o f th e c o u o t y , t o g e t h e r w it h th e a c c r u e d in te r e s t
th e r e o n , t h e to ta l a p p r o x im a t e a m o u n t o f w h ic h is $134,000.
T h e c o u n t } ’ s b o n d e d d e b t is a t p re s e n t $225,000 a n d its as­
sessed v a lu a tio n in 1895 w as $5,369,235.
T o l e d o , O h io .— R o n d O ffering P o stp on ed . — T h e sa le o f $60,000 o f g e n e r a l fu n d r e fu n d in g b o n d s w h ic h , as w e m e n t io n e d
t w o w e e k s a g o in th is D e p a r tm e n t, w a s fix e d f o r J u n e 19, is
to be p o s tp o n e d . C ity A u d it o r M . S . W r ig h t in f o r m s u s th a t
th e o iig in a l n o t ic e h a s b e e n d e c la r e d ille g a l. Theb >nds w e re
to h a v e beeD issu ed by a u th o r it y c o n fe r r e d by S e c tio n 2,701 o f
th e R e v is e d S ta tu tes o f O h io , b u t d u r in g th e p ro g r e ss o f th e
le g is la t io n b y th e c it y o f T o le d o th e a c t w as a m e n d e d b y th e
L e g is la tu r e o f O h io , w h ic h w ill n e c e ssita te n e w le g is la t io n
o n th e p a rt o f th e c it y a n d w ill d e fe r the sale o f bon d s.
W a lla c e ,
I d a h o .— B o n d s A u t h o r iz e d .— B o n d s
o f th is
m u n ic ip a lity w ill so o n be o ffe r e d f o r sa le f o r th e c o n s t r u c ­
tio n o f a s e w e r sy s te m e s tim a te d to c o s t a b o u t $15,309.

THE CHRONICLE.

J uxe 6, 1X96.]

Watertown, N. V.— O a M ay 28th $20,000 o f 4 p er c e n t re­

funding botjds of W a t e r r o w n , m a tu r in g a t th e ra te o f 85,000
yearly, Beginning in 1922. w e r e a w a r d e d to M essrs. W a lte r
Stanton Sc Co. at 107*65 an d a c c r u e d in terest. A t th e sa m e
time $40,000 o f 4 % p er c e n t c i t y h a ll b o n d s w e re a w a r d e d to
the same firm at ] 18-t-7 a n d in te re st. T h e la tte r se c u r itie s
mature at th e r i t e i f $8,000 y e a r ly , b e g in n in g in 1926. T o e
following is a list of th e bids r e c e iv e d :
Bidders.
* 2 0 ,Or 0—4 p. c.
*40,000—41* p. o
W alter Stanton A C o.......... .107 65
I . W. Sherrill (ait or none). .107 899
E . C. Stan wood A Co
108*25
If. W, Harris A C o.............. .107-81
Bertronu A *tnrra.............. .1 0 7 0 3
Whann A s e h le s ln g e r ....... .1 0 7 1 2 6
Ben well A E veritt............... . 106-82
L. M otrison__ .
___. . . . ..107 OO
Farson. L each A Co .
.1* 6*55
Street. W ykea A Co
....... .100 45
G. M. H ahn.......................... 106 996
R. L. Day A C o ................... . 106-29
Dunecomb A Jennison ___ . 106-519
E. C. Jones Co .
.......... 105 31
W. J. Hayes A S on *....
106 80
Lam precht Bros. Co
.1 0 6 0 1
D ieti. Dennison A Prior .. . 1 0 7 '3
Rudolph Kleybolte & C o... .10 601
W. E. R. Smith ................... 106125
D. A. Moran A Co ...............103-419
Jefferson Co. Savings Bank

and interest.
flat.
and int.
and Interest.
do.
do.
do.
do.
do.
flat.
and interest.
do.
do.
do.
do.
flat.
a id Interest.
do.
do.
do.

1 1 8 0 7 and int.
113*119 flat.
112-25 and int.
115-761
do.
11603
do.
11 725
do
116 82
do.
117 0 0
do.
113*079
do.
115-03 flat.
106-8*2 and int.
1 1 509
do.
115-59
do.
115-26
do.
112-90
do.
115-512 flat.
115-87 and int.
11401
do.
11312-5
do.
114 269
do.
114 00
do.
S a le .— O a May

Wilkes-Barre School District, Pa.— Bond
29, 1896, this district sold $4-5,000 of 5 per cent coupon bonds.
The mcurities were of the denomination of $500 each and
were issued in series maturing from 1901 to 1911. The entire
loan, with the exceplion of three bonds, was awarded P a . F.
Kelly, of Philadelphia, at prices ranging from 103% for the
first series to 108% for the last series. The remaining three
bonds of the fourth series were sold singly at 106% to local
parties. Interest is payable semi-annually on June 1 and De­
cember 1 at the office of the Treasurer.
Wins mac. I ml.—Bowls Authorized.— Bonds of this munici­
pality were recently v >ted for water-works.

S T A T E AND C I T Y D E B T CHANGES.
We subjoin reports as to municipal debts received since
h e 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 .
Some of th*se reports are wholly new and others cover items
of information additional to thote given in the S u p p l e m e n t
and of interest to investors.
Albany, N. Y.— John Boyd Thacher, Mayor. This state­
ment has been corrected to April 30, 1896, by means of the
report of William H . Haskell. City Chamberlaio.
Albany is in Albany County. In the statement of the city’s
total debt only the loans under the headings “ Genersj
Bonded Debt” and “ Water Debt” are included.

1055
---- Interest.----- >

LOANS-

NAME AND PURPOSE.
W ater (Con.)—

1881
0

Rate. Payable.

4

-Principal
When Due. Outstand'g.

F A A

1, 1S97-1907)
F A A si Feb.
55.000
$5,000 yearly. $
do .............. 5 - 1888 4
F A A ( Feb. 1, 1897-1908)
90.000
L( $7,500 yearly. 5
cJ
p.5
June
1
,
’97-1908
)
do .............. « — 1889 4
J A D
u l $17,500 yearly. $ 210,000
F A A (F eb . 1, 1897-1915) 133.000
do .............. © 3 1895 4
I $7,000 yearly. 5
do .............. -4J
O
1896 4
F A A
Feb. 1, 1914
20,000
do ..............
1896 4
F A A
Feb. 1, 1915
10,000
a y 1, 1897-1907)
do ..............
1888 3ia M & N (M
) $ 1 0 , 0 0 0 yearly. ( 110.000
f ir a (F eb . 1.1S97-1914)
do
A A
A l $2,500 due y ’ rly. $
45,000
.1884 3is F
* cV
In 1893 $30,000 o f the above-m entioned 6 per cent bonds issued in
1876 were transferred from coupon to registered bonds bearing 4 per
cent interest.
STREET IM PROVEM ENT BONDS.
Principal and interest paid by holders of property benefitted.
LOA NS—
'— Interest.
Rate. Payable.
When Due.
Outstan&g.
NAME AND PURPOSE.
Madison A v. 2 ser___1892 : 4
M A N
Nov., 1896
$9,000
M A N
Quail Street................ 1892: 4
Nov., 1896
3.000
M A N
Allen St. 2 ser............1892 : 4
Nov., 1896
18,000
M A N
N ov., 1896
Pine Avenue.............. 1892 4
7.000
Madison A v e .............. 1892 3*a M A N
1896
50,000
Delaware A v e ........ 1891 38t M vV N
1896-1900
43,500
W oodland A v e...........1892 3>a M A N
1896
10,600
Montgomery 8 t ......... 1892 38? M A N
1896
2,240
Maiden L ane.............. 1893 3tfl M A N
1896-1897
1,200
Orange St....................1893 3*2 M A N
1896-1898
1,200
Quackenbush S t# ___ 1893 3*2 M A N
1896-1898
1,500
Grand St..................... 1893 3 4 M A N
23,400
1896-1898
Delaware A v.(2 ser.). 1893 3 4 M A N
12,600
Columbia St...............1894 4
M A N
900
1896-1898
Hawk St..................... 1894 4
M A N
1896-1899
13.600
Beaver S t................... 1895 4
M A N
1896-1899
3.600
Daniel St.....................1895 4
M A N
1896-1899
3.600
Quail St. 2 ser.............1895 4
M A N
1896-1899
5,200
Third A venue.............1896 4
13.600
M A N
Miscel. streets........... 1895 4
1896-1899
62,500
The total amount o f street Im provement bonds outstanding on Janu­
ary 1,1895, was $343,265. Of this amount the sinking fund held
$301,295.
R A ILR O A D LOAN.
Payable by Delaware A Hudson Canal Co.:
LOA NS—
— Interest.— „ --------------Principal. -----------*
NAME AND PURPOSE.
Rate. Payable.
When Due.
Outstand'g.
A lbany A Susqueh’a R.R. 6
M AN
*1896-1897
$500,000
do

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

18S7 4

C3

* $250,000 duo May 1, 1897; $250,000 due November 1 ,1 8 9 6 .

T O T A L DEBT, S IN K IN G FUNDS, E T C .-T he subjoined statement
shows Albany's total general and water debt and the sinking fund
held by the city against the same on each of the dates indicated.
Apr.30,1896. Jan.1,1896. Jan.1,1895. Jan.1,1894.
General bonds.............. $2,493,000 $2,558,000 $2,582,000 $2,262,000
Water bonds................ 1,609,500
1,631,000
1,584,000 1,624,000
Total bonds................$4,102,500 $-1,189,000 $-1,166,000 $3,886,000
Sinking funds............. 1,060,173
1,077,290
907,570
997,936

GENERAL BONDED DEBT.
LOANS—
-— Interest.— -------------- Principal. --------------NAME AND PURPOSERate, Payable.
When Due.
Ou (stand'g.
.1874 7
P. O. »lte ...
M A N
May 1. 1904
1t>$l 15.000
(
Jan.
*97
to
1909
Public Market.......... .1888 4
J A j < *10.000 yearly. () a 120,000
1*97 to 1911)
Public build’ * bonds 1892 4
M A N i( May
*3.000 yearly. ( a75,000
1892 4
M A N
do
do
a1
May 1.1912
u ly l.* 0 5 to ’ 09 » a 125.000
.1882 4
J A J ((J*25.000
City H a ll...
yearly. )
July 1. 1910
d o do
.1882 4
J A j
n20,000
M A 8 ( March 1897-1900) ■238,000
City Improvement .. .1870 7
) $60,000 yearly (
) a70.000
M A 8 5 1896-1909
8ewer (B earer C r.).. .1889 3
( $5,000 yearly, s
M A N
Aug. 1, 1910
b*50.000
Washington P ark.. .1870 7
b 100.000
do — .1871 7
do
M A N
May 1, 1911
do
do . . . . .1872 7
M A N
b 100,000
May 1, 1912
do ___.1374 7
b 155,000
do
M A N
May 1, 1914
do .... 1871 7
blO.OOO
dc
M A N
May 1, 1916
do
do ___ 1875 6
b75.000
M A N
May 1. 1915
b37,000
do __ 1875 6
Nov. 1, 1917
do
M A N
do
do ___ 1876 6
May 1, 1918
b38,000
M A N
May 1, 1919
1)20,000
do
do ___ 1877 6
M A N
blO.OOO
do
do ___.1878 5
May 1. 1920
M A N
May, 1920-1930)
do — .1880 4
M A N5
do
) abt. $25,000 yr’ly $ b295,000
■30,000
do
M A N
May 1. 1921
do . . . . .1881 4
■28,000
do
M A N
do __ . 188° 4
May 1. 1922
do — 1*82 4
a 24,000
M A N
Nov. 1, 1922
do
a 10,000
Feb. 1, 1925
do
F A A
do . . . .18*5 4
a 7.000
May 1, 1922
do ___. 1895 4
do
M A N
■3,000
do .. . . 1 *94 2
June 1. 1934
J A l)
(
Feb.
1,1896-1909)
Hawk St. V ia d u ct... .1889 3*9 F A A ) *5,000 yearly. ( aG5,000
(J a n e, 1897 1907)
J A D i *1,000 yearly. { a l l , 000
Dudley Obaerr.story. .1892 2
June. *97 to 1914,)
.1891 4
J A D ;! * 1 8 , 0 0 0 yearly. 5 a324,000
Beaver Park
June, ’9 7 to 19 14,) a76,000
.1895 4
J A
do
do
L *4,000 yearly, f

Net d ebt..................... $3,042,327 $3,111,710 $3,258,430 $2,888,064
The sinking funds are invested m ostly In the city ’s ow n bonds.
In addition to the total debt as stated above there is the railroad
loan for $500,000 issued to the A lbany A Susquehanna RR. Com ­
pany and secured to the city by a first m ortgage payable, principal
and interest, by the Delaw are A Hudson Canal Company. The street
Im provement bonds are payable by special assessment on property
benefitted, and therefore they also are om itted in the statement o f the
city’s total debt.
ASSESSED V A L U A T IO N .—The city’ s assessed valuation and ta x
rate at different periods have been as follow s, property being assessed
at about its actual value.
1sscsscd Yaluation.----------------, Rate of Tax
Vears.
Real.
Personal.
Total.
per $1,000,
$61,976,715
$20-00
1895....... .......... $58,549,720
*6,426.995
20-06
1894....... .......... .58,475,750
6.419.885
64,895,635
1393................... 64,623,680
6,565,790
71,189,470
20-00
18 92___ ........ 64,717,210
6,455,135
71,172,345
18-00
1891....... .......... 64.278,195
6,111,560
70,889,755
17-40
1890................... 63,330,046
6,282,525
69,662,571
19 00
1*89................... 62,932,565
5,814,490
2000
68,747,055
5,720,110
21-60
1888................... 61,987,445
67,713,555
6,326,900
67,572,355
17-60
1887................... 61,245,455
1386................... 60,728,720
6,154,270
66,882,990
18-40
6,044,250
66,425,465
20-60
1885................... 60,381,215
1880....... .......... 34,310,305
37,100,425
3600
2,790,120
3,764,550
35,070.224
35-60
1875................... 31.305,674
1870................... 24.981,511
5,954,825
30,936,336
45-70
29,235,165
36-20
1865....... .......... 20,598,009
8,637,156
6,006,803
26,290,048
I 8 6 0 ...;............ 20,283,245
12-60
22,375,261
4,852,847
14-90
1855................... 17,522,414
1850...................
9,430,100
12,601,689
15-70
3,171,589
7.792.340
11.241.438
13-20
1846...................
3.449.098
P O P U L A T IO N —In 1892 population was 9 7 ,1 2 0 ; in 1890 it was
93,313; in 1880 it wa* 90,758; in 1870 it was 69,422. The estimate
f o r 1895 was 100,000.
Paducah, K y.— A c c o r d in g t o a sta te m e n t m a d e b y C ity
C lerk A r t h u r C o le , u n d e r d a te o f M a y 6, 1396, th e to ta l

n Intern*! payable !n Albany, b Interest payable in New York at
the M erchant'* National Bank.
WATER DEBT.
.— Interest.— . -------------- Principal.------------- s
LOAN SWhen Dne.
Outstand'g.
Rate. Payable.
N A M E A N D PURPOSE.
9
*100,000
Feb. 1, 1900
F A A
1874 7
100,000
Feb. 1, 1901
F A A
1874 7
90,000
Feb. 1, 1902
F A A
1374 7
99,000
Feb. 1, 1903
F A A
1374 7
Feb.
100.000
1, 1906
F A A
1876 6
Feb. 1, 1908
50,000
F A A
l * 1M76 6
Feb. 1, 1909
50,000
t r . 1376 6
F A A
50,(MX)
Feb. 1, 1911
F A A
1877 6
a -3 1877 6
Feb. 1, 1912
50,000
F A A
do

bon ded

in d eb ted n ess o f P a d u c a h is $3 43 ,0 0 0 ; s in k in g f u n d ,

$209,497 3 1 ; n e t d e b t, $133,502 69. T h e assessed v a lu a tio n
fo r th e y e a r 1896 is $6,565,995, a n d th e p o p u la tio n , a c c o r d in g
to th e S ta te C en su s o f 1895, w as 20,406.

Brookline, M a ss,— T h e f o llo w in g s ta te m e n t r e g a r d in g th e
in d e b te d n e ss, e t c ., o f th e t o w n o f

B r o o k lin e has b een c o r ­

r e c te d to F e b r u a r y 15, 1896, b y m ea n s o f th e a n n u a l r e p o r t o f
George H. W o r t h le y , T re a su r e r an d C o lle c to r .
T h is t o w n is in N o r fo lk C o u n ty .

THE CHRONICLE.

1056
LOANS—

TThen Due.

LOAN S-

B ath H ou se—

When Due

P l a y G r oun ds—

1 ,1 8 9 6
1 ,1 9 0 5

6s, J&J, $ 9 0 ,0 0 0 ....July 1, 1896
3 ,6 0 0 ....M ay, ’ 97-’ 05
35ss........ .

4s, J&J, $5,000.........Jan. 1 ,1 8 9 7
($ l,000 du e yearly) to Jan. 1,1 901

4 s , .......$9,500...........June 2 6 ,1 8 9 6

3 1 0 s, . . . . . $ 1 5 ,0 0 0 ....N o v .
($ 1 , 5 0 0 due yearly) to Nov.

Feb. 15,1896. Feb 15, 1895. Feb. 1, 1894,
Total d ebt..................................... $2,235,673
$2,146,284
$2,565,685Siukitig funds, except forw ater
154,214
128,016
134,125-

K o a d B onds—

B r id g e N o t e s —

Sc h o o l N o t e s —

4s......... $16,80 0......... Apr. 1 ,1 8 9 7
($5,600 due yearly) to A pr. 1 ,1 8 9 9
4s, F&A, $ 1 0 ,0 0 0 ...Feb. 1, 1897-8
4s, J&D, 1 0 ,0 0 0 ... J u n e l, 1896-8
4s......... $16,800.......J u n e l, 1900
($5,600 due yearly) to J u n e l, 1903
4s, . . . . , $ 6 ,0 0 0 ...Ju ly 1, 1902-3
3% s......... 1 2 3 ,5 0 0 ..-M ay 1 ,1 8 9 7
($6,500 due y'rly) to M ay 1 , 1915
3 Lis......... $25 0 0 0 ...A ug. 1 ,1 8 9 6
($2,500 due y ’rly) to A ug. 1 , 1905
3>2S, . . . . . $ 4 7 ,5 0 0 ...Jan. 1, 1897
($2,500 due y ’rly) to Jan. 1, 1915

L ib r a r y N o tes—

4s, J& D ,$3,000....... J u n o l, 1896-8
M is c e l l a n e o u s —

4s, . . . . . $120,000....... June 1 ,1 8 9 6
($ 2 0 ,0 0 0 due yearly) to June 1,1 901
4s.......... $77,200..........Nov. 1 , 1896
($9,650 due yearly) to Nov. 1, 1903
3«8S,.......$13,000.June 1 5 ,1896-7
3=8S,. . . . , 14,500-M ay 1,1898-9
3 0 , 6s, . ... 1 5 ,3 0 0 ...June 15 ,189 6
($1,700 duo y ’rly) to June 15,1904
3 9 , t s........$176.700.. June 15,1896
($9,300 due y'rly) to June 15,1911
3L,S......... $28,5 0 0 ...N o v . 1,1898
3>ss......... 15,000.. N ov. 1 ,1 899

Se w e r B o n d s —

5s, A & O ,$125,0 0 0 ....A p r.
4s...........
10,000. ...F e b .
($ l,2 5 0 d u e y e a rly )to Feb.
3*28......... $ 9 ,0 0 0 ....J u ly 1,

1 ,1 8 9 7
1, 1897
1, 1904
48, J&J, $56,000.........July 1 ,1 896
1896-8
($3,500 due yearly) to July 1 ,1 9 1 1
St r e e t N o t e s —
4s, MAS, $24,000....... Sept. 1 ,1 8 9 6
($4,000 due yearly) to Sept. 1,1 901 4s, M&N, $30,000....... May 1 ,1 8 9 6
Is. F&A, $20,000.......Aug. 1, 1896 ($10,000duevearly)toM ay 1 ,1 898
($4,000 due yearly) to Aug. 1, 1900 4s, J&J, $30,000........ Jan. 1, 1897
4 s, j& J ,
$5,000........ Jan. 1 ,1 8 9 7 ($10,000 dueyearly) to Jan. 1, 1899
($1,000 due yearly) to Jan. 1 ,1 901 4s, .T&J, $20,000........ July 1, 1896
4s, J&J. $28,000..........Aug. 1 ,1 896 4s, J&J, 13,000.........July 1, 1897
(Part due yearly) to Aug. 1 , 1910 3 1 2 s. J&J, 7,0 00.........July 1 , 1897
4s, J&J. $17,000........ Aug. 1, 1896
W a t e r S c r ip —
(Part due yearly) to Aug. 1 ,1 9 0 6 7s, J&J, $ 4 0 0 ,0 0 0 ... Jan. 1 ,1 8 9 8
2 5 ,0 0 0 ...J an . 1 ,1 8 9 8
4s, J&J, $15,000.......... Jan. 1 , 1897 5s, J&J,
($1,000 due yearly) to Jan. 1 , 1911 5s, J&J,
42,0 0 0 ... Jan. 1, 1900
....... 125,0 4 8 ... July 1 , 1896
4 s , .......$15,600........... Mar. 1 , 1897 4s,
($2,600 due yearly) to Mar. 1, 1902 ($4,466 dueyearly) to July 1 , 1923
4s......... $64,000.......... Mar. 1 ,1 8 9 7 4s, F&A,
2 5 .0 0 0 ... Jan. 1, 1897
($4,000 due yearly) to Mar. 1. 1912 ($1,000 d ueyearly) to Jan. 1 , 1921
4 s , ___ , $12,850.........June 1 ,1 896
3 \ s . ___ $4,550.J une 15,1896
$650 due yearly) to June 15,1902 3% s....... . $55,755__ June 15,1896
3% s......... $106,25 0.. June 15,1896
($2,065 d ueyearly) to June. 15,1922
($6,250 d u e « ’rly) to June 1 5 ,1912 3"i«s, $30,000______ June 15,1896
3L>s.........$ 2 0 ,5 2 0 .........Jan. 1, 1897 ($1,000 due y ’rly) to June 15,1925
($1,080 due yearly) to Jan. 1 ,1 9 1 5 3Ljs......... $18,0 0 0 ... A u g. 1,1 896
($600 due y ’rly to Aug. 1 , 1925
P a r k B on ds-

T O T A L D E B T , SIN KIN G FU N D, E T C .-T h e subjoined state
inent shows Brookline’s total m unicipal debt, the sinking fund held bytt against the same, and the w ater debt, in each o f the last three y e a r s .

NEW LOANS.

Interest
per cent per annum, payable semi­
annually. Principal and Interest payable

IN G O L D
lo a n

&

T ru st

C o.

EACH.

$24,000 payable in 1912, and §24,000 eacli year
thereafter.
Tbe above Bonds issued under Chapter 747, Laws
o f 1896, for the purchase o f W ater W orks, will he
sold at Public Auction, at the C IT Y H A L L , IN
T H E CITY OF KINGSTON. ON T H U R S D A Y ,
JUNE 11, 1896, at 2 o’clock P . M.
Assessed valuation of City property.§ 1 2 ,3 9 9 * 1 2 0
Total existing City debt.......................
3 6 8 ,2 0 0
The present net revenue from water exceeds the
interest on all Bonds to be issued for water purposes.
H E N R Y E. W IEB ER ,
Mayor City of Kingston, N. Y.
8. D. COYKENDALL,
Chairman Board W ater Commissioners.

State of Arkansas.
B O N D S O F 1869.
The holders o f Arkansas 6% bonds o f the 1869
series, Nos. 64*, 707 to 722, 746 to 773, 787 to 795, 875
to 877 and 883 to 890 (65 bonds), may learn something
of interest to them by addressing
AU D ITO R OF ST A T E ,
Little Rock, Arkansas.

BONDS.

B ond U111* O h io, W a t e r ............................. rjX e n ia , O h io, Funding............................... */»ixs
I’ lfina, O h io. W a t e r . .................
...i g S
M id d le to w n , O h io, W a t e r ..........................
C orsica n a , T e x a s , S e w e r ............................... 5 A s t o n a , O regon . (G old ), W a t e r .............
5s
L a u r e l, M d., S treet I m p r o v e m e n t..............5 s
AY

R u d olp h Kleybolte & Co.
b a n k ers

$1,290,584
1,715,734

$1,239,845
1,688,970-

g iv e s t h e f o l l o w i n g

d a ta r e g a r d in g th e

fin a n c e s o f C a r lisle in A p r il, 1896.
C a r lis le is in C u m b e r la n d C o u n t y ,
LOANS—
When Due. Xnt. paid by Carlisle D eposit Bank.
G e n e r a l P urposes—
Bonded debt April, 1896. $88,000
4s,
J&J, $3 ,400...... Jan. 1 ,1 8 9 7 Floating d e b t..................
2,500
4s,
J&J, 2,000...... July 1, 1906 Total debt A pril, 1 8 9 6 ...
90,500
4s,
A&O, 17,000...... Apr. 1, 1907 Total valuation 1 8 9 4 ___ 4,000,000
4s,
A&C), 18,000...... Apr. 1 ,1 9 0 8
Assessm ent Is % actual value.
4s,
J&J, 25,000.......Jan. 1 , 1909 Total ta x (per ($1,000) ’ 95 ..$ 1 8 -0 0
4s,
J&J, 20.000...... July 1, 1909 P opulation in 1890 w a s.........7,620
3-6s, A&O, 1,700........Apr. 1 ,1 9 0 7 P opu lation in 1896 (est.)....... 9,780
O P T IO N A L . -A ll o f the c ity ’s bonds are subject to call on 60 days’
notice.
T A X F R EE .—The bonds are all exem pt from taxation.

R om e , N. Y ., June 6, 1896.
Sealed proposals will be received at the office of
the City Chamberlain until 7:30 P .M ., Monday, June
15,1896, for the purchase of §18,500 city of Rome
registered bonds, as follow s:
§10,000 City H all Bonds, issued under authority of
an act o f the Legislature, signed by the Governor
May 23, 1896, and resolution of the Council adopted
June 1,1896. §1,000 due January 1,1897, and §1,000
each January 1st thereafter until all are paid.
§8,500 Relief Bonds, issued under authority o f
Chapter 120 of the laws of J890, and by a resolution
o f the Council adopted June 1,1896, all due January
1,1900, but §6,500 to contain an option to pay prior
to that time as follo w s: §1,500 not earlier than Janu­
ary 1,1899; §1,500 not earlier than January 1,1898;
§1,500 not earlier than July 1,1897; §2,000 not earlier
than January 1, 18P7.
The bonds will be §500 each, hearing 4 per cent
interest, payable semi-annually January 1st and
July 1st, principal and interest payable at the
Farmers’ National Bank o f Rome. The city reserves
the right to reject any or all bids if not satisfactory.
Present net indebtedness, including §150,000 sewer
bonds, recently issued, but not including §170,000
water bonds, $185,855. Population, 1890,14,931; as­
sessed valuation. §5,615.536. Income from water­
works, §20,000; running expenses, §4,000.
K. S. PU TN A M , Chamberlain.

NEW LOANS.
Investment

Bonds.

,

C I N C I N N A T I , O,

C it y o f B o s t o n R e g i s t e r e d ....................... 4 s
C it y o f L o u i s v i l l e , K y .................................7s
S t a t e o f C o l o r a d o ........................................ 4 s
C it y o f H o l y o k e , M a s s ., G o l d .................. 4 »
M i d d l e s e x C o u n t y , M a s s ............................4 »
C it y o f L o s A n g e le s , C a l., G o l d ............ 4 s
B o s t o n & A l b a n y R R .................................. 4 s
O ld C o lo n y R R ................................................4 s
N e w Y o r k & P e n n . T e l. & T e l . C o ____5 s

E. H. R O L L I N S & S O N S ,
5 3 S T A T E S T ., B O S T O N . M A S S .
C h ica g o , 111., I m p r o v e m e n t...........................6a
S h erm an , T e x a s , F u n d in g ............................ 6s
B u r lin g to n , W is ., S c h o o l............................... 5 s
W a ts e k a , 111., S c h o o l...................................... 5s
M u sca tin e, I o w a , Im p r o v e m e n t.................6 s
S h u llsb u r g , W is ., W a t e r ............................... 5s
F o n d a , I o w a , W a t e r ........................................6 s
A lta , I o w a , W a t e r ............................................6s
S ta te o fS o u tli D a k o t a R e v e n u e .................. 6s
F O B SALE B Y

#

1

0

0

, 0

0

M A S O N , L E W IS & CO.,

0

NEWARK, N. J.
REG ISTERED OR COUPON,

31 S ta te S t.,
B O ST O N .

Far son, Leach & Co.,
_______

2 W ALL

E

v e r it t ,

S cb e rm e rh o rn B u ild in g ,

6 W AL L . ST.

M U N IC IP AL ISSUES IN T H E STATES OF

Y O R K

SE N D F O R E IS T

City and County Bonds.
DIETZ, DENISON & PRIOR,
35

C O N G R E S S S T R E E T , - B O STO N .
1 0 0 S u p e r io r S treet, C lev ela n d , O.

STREET.

B enw ell &
N E W

BAN KERS,
1 7 1 L a S a lle S t.,
C H IC A G O .

SAFE INVESTMENTS.

4- p . c . \V a t e r B o n d s .

M a r ie tta , O h io, I m p r o v e m e n t.....................6s
C h a r le v o ix , M id i., R e fu n d in g ..................... 5 *
R ichm ond, In d ., F u n d in g ........................
r>»
L e g a l In v e s tm e n t f o r N ew Y o rk
D ea rb orn C oun ty, Ind., F u n din g................ 5 m
T e r r e Man re, I n - ., F u n d in g ........................
S a v in g s B a n k s .
R ich m on d , In d ., S treet Inflvrovem ent......6s
M itch ell, Ind., Fleet r ic -L ig lit ...................... tin
1 p un* m»o w n . O h io, I m p r o v e m e n t..............
P r ic e and P a r t ic u la r s upon a p p lic a t io n .

FOR SA L E

.$1,345,806
. 1,770,078

4 PER C E N T BONDS.

City of Kingston, N. T.

B O N D S 8 1 ,0 0 0

$2,031,560'
791,715

C a r lis le , P a .— A special r e p o r t to th e C hronicle f r o m J o h n
R . M ille r , M a y o r ,

C I T Y OF ROME, N. Y.

OF T H E

F an n ers’

$2,018,268
727,684

18, 5 0 0 .

$

BONDS

.$2,081,459
.
735,653

. $424,272
$425,150
$449,125The sluicing funds are m ostly invested in sundry m unicipal bonds.
T O W N P R O P E R T Y .—The tow n’ s total assets, Including buildings,
parks, w ater works, sinking fund, etc., am ount to $4,319,764. T he
water works are valued at $1,259,944.
A SSE SSE D V A L U A T IO N and tax rate have been as fo llo w s :
Assessed Valuation—------------ . Male o f la x
Personal.
Real.
Total.
p>ir $1,000
Years—
.
.
.
$43,703,600
$15,299,000
$59,002,600 $12-00
1895..............
15,353,700
57,191,150
18 94.............. . . . 41,837,450
12-60*
16,269,700
11-00
40,029,300
56,299,000
1893.............. . . .
16,068,100
53,026,200
11-80
1892.............. . . . 36,958,100
50,729,500
11-00
10,257,100
1891.............. . . . 34,472,400
16,510,100
9-00
30,027,200
46,537,300
1890.............. . . .
.
.
.
27,326,200
15,207,100
42,533,300
12-00
1889..............
22,493,900
12-60
1880..............
7-50
18,448,300
1870..............
P O P U L A T IO N .—In 1895 popu lation was 16,159; in 1890 it was
12,103; In 1880 It w as 8,0 57; in 1870 it was 6,650. P opulation 1896
(local estim ate), 16,164.

NEW LOANS.

$ 600 , 000 .

A t th e

(VOL. LXII.

& N E W

A SPECIALTY

JE R S E Y

J a m e s N . B r o w n &c C o .,
B AN K E R S

2 C ed a r S tr e e t,

-

-

NEW Y O R K *

M U NIC IPAL, COUNTY, SCHOOL AN D
T O W N SH IP BONDS

BO U G H T

AND

SOLD.

J

une

1057

THE CHRONICLE.

6 1896.\

B o u r b o n C o u n t y , K a n s . —The figures of indebtedness given
B u t t e City, Mont.—William Thompson, Mayor ; A. A. Mc­
Millan, City Clerk. This statement has been corrected to in the following statement have been corrected to April, 1896,
date by means of a special report to the C hronicle from one by means o f a special report to the C h r o n i c l e from Eldon
Lowe, County Treasurer.
o f the city officials,
County seat is Fort Scott,
Butte is in Silver Bow County.

Interest is payable in New York.
Bonded debt Mar. 1, '96. $160,000
Floating debt................
268,531
• 1......................
428)531
Sinking fund..................
6,500
debt Mar. 1,1896-422,031
Tax valuation 1895___ 14,426,790
Assessment same as actual value.
SBWT.it—
•tt», J&J, S 10,000......... Apr. 1, 1909 Total tax (per SI .000).........$28-00
6*. J&S, 50,000......... Oct. 1,1910 Population in 1890 was...... 10,723
Subject to call Oct. 1,1900 Population in 1896 te s t).-.45,000
TH E SINKING FUND receives yearly a sum amounting to 5 per
cent o f the total bonded debt.
DEBT LIMITED by law to 3 per cent of assessed valuation.
LOANS—
fffcs* Due.
B uilding B onds—
fls. J jcJ. * 2 0 , 0 0 0 ..........Oct. 1,1910
Subject to call Oct. 1,1900
P ublic Library B onus—
0s. J&J, *50,000...........Oct. 1,1912
Subject to call Oct. 1,1902

LOANS—
When Due Tax valuat’n, personal. $1,976,826
R e f u n d in g R R , B o n d s :
Total valuation 1S95 .. 5,932,614
s, J&J, $219,200....July 1, 1909 Assessment is 35 p. o. actual value.
Total debt Apr., 18 9 6 .... $219,200 Total tax (per $1,000)......... $36-15
Sinking fund...................
43.900 Population in 1894 (est.) ...26.500
Net. debt Apr., 1896........ 175,300 Population in lS 9 0 w as......28,575
Tax valuation, real........3,955,788
INTEREST is payable in New York City at the Kansas State Fiscal
Agency,
6

Dickey County, N. D.—This statement regarding the finan­
cial condition of Dickey County has been corrected to April
13,1896, by means o f a special report to the Chronicle from
C. W , Palmer, Treasurer.
County seat is Ellendale.

T rails Conuly, Tex.—Below is a statement regarding the
LOANS—
When Due.
financial condition of Travis County on November 11, 1895.
C o
, E
.—
The payment of §47,000 of the county's bonds has been en­ 7s, July. $14,000....July 6 , 1900
Subject to call at any time.
joined.
Seed Wheat —
7s,
MA-S,
$7.000.......Mar. 13, 1898
County seat is Austin.
Bonded debt Apr. 15, '96. .$21,000

Smiting fund....................
$7,046
Net debt Apr. 15, 1896..
1G;354
Tax valuation, real........ 2,051,372
Tax valuation, personal. 699,351
Total valuation 1895....2,750,723
Assessment abt. 35 p. c. actual val.
State & Co. tax (per $1,000) .$16-00
|Tax valuation, 1895..$15^882,110 Floating debt..................... 2,400 Population in 1S90 was........ o,573
! Population in 1890 w a s....36,322 Total debt........... ............... 23,400 Population in 1894 (est.)---- 6,500
j Population, 1890 (eat).......50,000
INTEREST on the bonds due In 1900 is payable in New York Oity
L. Ross, Mayor. This state­ on those due in 1898 at Ellendale.
o u t

Total debt Nov. I t , 1695.8110.500
Cash iri TSf-a-ury_______ 16,173
Not debt Nov, 11, 1393.. 100,027

h o u s e

t c

West K n oxfille, Tenn.—M.
ment has been corrected to April 23, 1896, by means of a
E1 Reno, Okla.—Frank Hahn, Mayor, A special report to
special report to the C h r o n ic l e by W . W . Morrison, Recorder the C h r o n ic l e from W m , McHugh, City Clerk, gives the fol­
and Treasurer.
lowing data regarding the finances of El Reno on April 1,1896,
This town is In Knox County.
El Reno is in Canadian County.
T ax valuation 1895 ___ $1,584,500

When Due |Total debt Apr. 1, 1896. ...$19,636
LOAN SAssessment about * 5 actual value.
RhFUKDtxo B onds—
Tax valuation 1895...........966,817
Total tax ((Hir $1,000).........$25-00 6 s, J&J, $17,300........ Jan. 2,1905 Assessment about H actual value.
Population In 1890 was........2,114
City tax (per $1,000)........ $28-00
Subject to call alter 3 years.
6s. J*»,$73,000..... June l, 1919 Population m 1896 (est.)— 4,500 Bonded debt Apr. 1. '96...$17,300 Population in 1896 (est.)__ 6,000
Floating debt.....................
2,336
Total debt Apr, 28,1896.9113,000
IN T E R E S T H payable at New Y ork or K n oxville.
INTEREST >s payable at the Chemical National Bank, New York.
LOANS—
When Duet,
Bat DU. i. A » SEWEK—
3s, J.U», $37,000----- June 1,1923
tUPBOVBMENT Boxes—

N E W LOANS,

NEW

L O A N S.

MUNICIPAL
MUNICIPAL

BONDS.

BONDS

FOE INVESTMENT.

N E W LO AN S.

C. H. White & Co.,
E. C. Stanwood & Co.,

BANKERS,

72 B R O A D W A Y . Y E W

YORK.

BAN K ERS,

P A H T ltl L A B S

l PON

A P P L IC A T IO N .

121 Devonshire Street,

BUY AND SELL

B O ST O N .

Municipal and First Mortgage
Railroad Bonds.

MEMBER? OF T H E NEW TORE AND BOSTON

URALSK* IS COMMERCIAL PAPER,

$ 200,000

STA TE

Blake Brothers & Co.,
•-SS 8T .4T K *> K E E T ,
3 N A SSAU S T „

B O -T O N .

NEW

•

L IS T * SENT UPON APPLICATIO N

STOCK KXCHA8G8&

YORK

OF

1I8TS ON APPLICATION*. -

UTAH

Gold 4% 20-Year Bonds.
DATED JULY 1, IKK).
LEGAL FOR NEW YORK SAVINGS BANKS.
PRICE ON APPLICATION.
FOR SALE BY

W. N. Coler & Co.,
BANKERS.

E D W D . C. J O N E S CO., M U N ICIPAL BONDS.
80 BROADWAY,

421 CURST NUT STREET,
PHILADELPHIA.

GOVERNMENT

and

MUNICIPAL BONDS
B ou gh t and Sold.

N

W. H A R R I S

& CO.,

BANKERS
CHICAGO.

BOSTON.

NEW YORK.

WHANN& SCHLESINGER

M ills

MUNICIPAL
BONDS.

KBW Y O R K .

Blodget, Merritt & Co.,
BANKERS,

&

B lanchard ,

• I3 B A X K E R S .

M U N ICIPAL BONDS
BOUGHT AND SOLD.

PHILADELPHIA.

IS W A L L K T B E K T ,

34 NASSAU STREET.

•i W A L L S T R E E T ,

SEW Y O R K .

W. J. Hayes & Sons,
BANKEBS,

D E A L E R S IN M U N I C I P A L B O N D S

street Bailway Bonds, and other high-grade In­
16 Congress Street, Boston.
vestments.
BOSTON, MASS.,
Cleveland, Ohio,
HTATL I ITT k RAILROAD BONDS, 7 Exchange Place.
311-313 Superior St
Cable Address " KEUfNBTB."

D evonstiire Bttildiiisr*

16 S ta te S tr e e t, B o s t o n , M a ss.

C. H. Van Buren & Co.,
B A N K E R S AND B R O K E R S ,

62 B R O A D W A Y , N E W Y O R K ?
STOCKS, BONDS AND HIGH-GRADE
IXVESTMENT BKDBlTIKi
Circular Letter, inchming^Itst of selected Bonds,

THE CHRONICLE

1058

insurance.

p lis c c l h t v e c rtsW E O FFER A LARGE,
developed, equipped and pro­
ducing Gold Mine, with excep­
tional natural advantages for the
economical mining and milling
with water sufficient to furnish
power. The ore is free milling,
averaging $8 per ton over the
plates and can be mined and
milled for less than $1.50 per
ton.
The mine has “ ore in
sight” to the net value of many
times the price of the property.
The title to the property is per­
fect and free from debt and as­
sures to investors large and
continuous returns.
Correspondence invited.

New York Life
Insurance Company.

DEALERS IN MUNICIPAL BONDS,
liA S A L L E S T R E E T , C H IC A G O

J A N U A R Y 1, 1 89 6:

1896.

The United States Life
Insurance Co.
IN T H E C I T Y OF N E W Y O R K .
This old and reliable Company now has the exper­
ience of forty-six years of practical Life Insurance,
which has taught it that the Hne qua von of success
is the adoption of good plans of insurance, and the
pursuit of a liberal policy towards both its Insured
and its Agents. These essentials it possesses in an
eminent degree, but judiciously tempered by that
conservatism which is the best possible safeguard of
the policy-holder. Its contracts are incontestable
after two years. The are non-forfeiting, providing
generally for either paid-up policy or extended in­
surance, at the option of the policy-holder. It gives
ten days of grace in payment o f all premiums. Its
course during the past forty-five years abundantly
demonstrates its absolute security.
A e H v e a n d S u c c e s s fu l A g e n t s ,w i s h i n g to r e p
r e s e n t th is C o m p a n y , m a y c o m m u n ic a t e
w i t h th e P r e s id e n t , a t th e S o m e Office,
2 6 1 S r o a d w a y , N ew Y ork .

-

OFFICERS:
G E O R G E H . B C R F O R D ............... P residen t
C. P. FRALKIGH.................................... Secretary
A. WHEELWRIGHT................Assistant Secretary
WM. T. STAND EN....................................... Actuary
ARTHUR C. PERRY.................................... Cashier
JOHN P. MUNN........................... Medical Director
FINANCE COMMITT HE:
GEO. G. WILLIAMS.......... Prest. Chem. Nat. Bark
JOHN J. TUCK HR .........................................Builder
E. H. PERKINS, JR., Prest. Imp. & Traders’ Nat. B'fe
JAMES R. PLUM........................................ Leather

J. Spencer Turner,

ASSETS,
LIABILITIES

150,758,312 65

SURPLUS,

$24,038,677 89

•

in Force,

[ E s t a b l i s h e d 188JJ

A m ou n t....................................$11,374,560.11
* N o p o licy or sum o f Insurance is included
)n this statem ent o f new business or insurance
In fo rce e x cep t where the first prem ium there
for, as provided in the contract, has been paid
to the Com pany in cash.

Spokane,

JOHN A. McCALL,
P r e s id e n t.

HENRY TUCK,
V ic e -P r e s id e n t.

Wash.
Archibald H. Welch, 2d Yico-Pres’t.
George W . Perkins, 3d Tice Pres’t.
Edward N. Gibbs, Treasurer.

A N D R E W S

o r F I C E

DESKS.
A N D R E W S M A N U F A C T U R IN G CO.
Bunk ana Office Fittings. Fine Brass Work. Specia
designs on application.
SEND

FO R C A TA LO G U E .

76 Fifth Ave., New Y o r k Clt».
THE WALL STREET J O U R 'A L
gives valuable Information dally on stocks and bond
R> a vear
Dow. Jones A Co., « Broad Streal

Six p er cent interest on the outstanding cer­
tificates o f profits w ill be paid to the holders
thereof, or their legal representatives, on and
after Tuesday, the fou rth o f F ebruary next.
The outstanding certificates o f the issue o f
1890 w ill be redeem ed and paid to the holders
| thereof, o r their leg al representatives, on and
after T uesday, the fourth o f F ebruary n ex t,
from w hich date all interest thereon w ill
cease. The certificates to be produced at the
time o f paym ent and canceled.
A dividend o f F orty per cent is declared on
the net earned prem ium s o f the Com pany fo r
. the year ending 31st D ecem ber, 1895, fo r
w bicb certificates w ill b e issued on and after
Tuesday, the fifth of M ay next.
| B y order o f the B oard,
J.

BAN KERS,

S e le c te d M a t e , C o u n t y , C ity ? S c h o o l
B o n d .. W a r ra n ts a n d l o a n , ,
N E T T IN G 5 TO S P E R C E N T.
L. S. Roberts.
W. b . Roberts
CORRESPONDENCE SOLICITED

Losses paid during the
same period ................... $1,218,407.55

$799,027,329 00

A N D A L L K IN D S OF

IN V E S T M E N T

Total M arine Prem ium s............ $3,650,023.83

The Company has the follow in g Assets, viz.:
U nited States and C ity o f New
Y ork Stock: C ity B anks and
INCOME,
$37,892,265 56
other S tocks............................... $8,059,105.00
i Loans secured b y Stocks and
oth e rw ise .................................... 1,216,500.00
* New Insurance Paid
1 R eal E state and Claims due the
for in 1895, - •
Com pany, estimated a t..........
1,000,004.90
$127,492,555 00
Prem ium Notes and Bills Re| ceiva ble.......................................
896,431.88
*Paid for Insurance
Cash in B an k.................................
202,518.33

C O T T O N SAIL DUCK

- ROBERTS BROS.,

N e w Y o r k , January 21, 1896.
The Trustees, in con form ity w ith the Charter
o f the Com pany, subm it the foU ow ing state­
m ent o f its affairs on the 31st o f D ec ember,
1895:
Premiums on M arine Risks from
1st January, 1895, to 31st
D ecem ber, 18 95........................ $2,622,872.42
Prem ium s
on
P olicies n ot
m arked off 1st January, 1895 1,027,151.41

Returns o f Prem ium s
and E xpen ses............ $603,415.82

MANUFACTURER AND DEALER IN

AGENT•

INSU R A NC E CO.

$174,791,990 54

Brinckcrliotr, Turner & Co.,

U N ITED S T A T E S B U N T IN G CO.
A full supply, all Widths aud Colors, always
Stock.
1 0 9 D u an e S tre e t, N ew Y o r k .

TUB

Premiums m arked o ff from 1st
January, 1895, to 31st D ecem ­
ber, 1895.................................... $2,540,748.83

SUCCESSOR TO

COTTON CANVAS FELTING DU K,
CAR COVERING BAGGING.
RAVENS DUCK, SAIL TWINE, &C.,
POPE “ AWNING” STRIPES.

OF

A TLA N TIC M U TU A L

Mining Department of

1850.

l x il

Insurance.

O F F IC E

A. C. FROST & CO.,
108

[V o l .

Rufus W . Weeks, Actuary.
Hugh S. Thompson, Comptroller,
Charles C. Whitney, Secretary.

H .

CHAPM AN,

S e c r e ta r y *

TRUSTEES:
W. H. H. M oore,
A. A. Raven,
Joseph H. Chapman,
James Low,
James G. De F orest,
William Degroot,
William n . Webb,
H orace Gray,
Christian de Thomsen,
Charles P. Burdett,
Henry E. H awley,
W illiam E. Dodge,
George Bliss,
John L. Riker,
C. A. Hand,
John D. Hewlett,
Gustav Amsinek,
N. Denton Smith,

Charles H. M arshall,
CharlesiD. L everich,
Edward Floyd-J ones,
G eorge H. Macy,
Law rence Turnure,
W aldron P. Brown,
A nson W. Hard.
Isaac B ell,
Joseph A gostini,
Vernon H. Brown,
L eander N. L ovell,
E verett Frazar,
W illiam B. B oulton.
G eorge W. Quintard,
Paul L, Thebaud,
John B. W oodw ard,
George Coppell.

W. H. H. MOORE, PresidentL
A. A . R AVEN, T ice-Pres't.
F. A. PARSO-nS, 2 d Tice-Pres't