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Quotation Supplement ( % ) Street Railway Supplement (Quarter^)
Investors Supplement (Quarterly) State and City Supplement (sernAm.^ '
motu
[Entered a ccord in g to A ct o f Congress, in the year 1897, b y the W il l ia m B. D a n a Co m p a n y , in the office o f the L ibrarian o f Congress.
VOL. 64.
SATURDAY, MARCH 20, 1897.
%lxz
Clxcouictc.
PU B LISH E D
W eek ending M arch 13
Clearing* a t —
W EEKLY.
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W I L L U n B . D A N A C O T IP A N Y , P u b lis h e r * ,
P in e S treet, C o r n e r o f P e a r l Street,
P o it O f f ic e B o x 95 8.
NEW YORK.
CLEARING HOUSE RETURNS.
The following table, made up by telegraph, etc., indicates
that the total bank clearings o f all the clearing houses
o f the United States for the week ending to-day, March 20,
have been $939,514,833, against $891,160,289 last week and
$975,863,803 the corresponding week o f last year.
Week Ending March 20.
Cl e a r i n g s .
Return*
by
Telegraph.
New York ...........................
Boston
..............................
1897.
1896.
Per Cent.
Baltimore . . . . . . . . . ...............
Chicago ......................... .
8t. Louis ..............................
New O rleans ......... . . . . . . . . .
$•459,323,957
7 3 ,175,957
49,158,514
11,794,201
62,478,081
20,062.005
7,375,693
$ 4 0 7 ,3 8 1 ,5 5 0
6 7 ,5 1 5 ,1 4 7
5 1 ,1 5 9 ,3 9 0
1 2 ,038,303
70,541,805
2 0 ,113,235
8 ,0 6 0 ,0 0 7
-1 *7
+ 8-4
-3 * 9
-2 * 0
—11-4
-1 * 7
—8'5
Seven cities, 5 d a y s .........
Other cities, 5 d a y s ..................
$68 3,36 8,4 74
121,927,638
$ 6 9 7 ,1 0 9 ,4 9 7
123,000,213
-2 0
-0 -9
Total all cities, 5 d ays . . .
All cities, 1 d a y ..........................
$80 5 ,2 9 6 ,1 1 2
154,248.723
$82 0 ,1 0 9 ,7 1 0
155 ,754 ,09 3
—1*8
-1 0
$ 9 7 5,80 3,8 03
-1 * 7
Total all cities for week
$ 9 5 9,54 4,8 35
NO. 1,656.
The full details of clearings for the week covered by the
above statement will be given next Saturday. W e cannot,
o f course, furnish them to-day, bank clearings being made
up by the various clearing houses at noon on Saturday, and
hence in the above the last twenty-four hours o f the week
have to be in all cases estimated, as we go to press Friday night.
We present below our usual detailed figures for the pre
vious week, covering the returns for the period ending with
Saturday noon, March 13, and the results for the corres
ponding week in 1896, 1895 and 1894 are also given. Con
trasted with the preceding week, there is a decrease in the
aggregate exchanges of about one hundred and tbirty-two
million dollars, and at New York alone the loss is eighty-two
millions. In comparison with the week o f 1896 the total for
the whole country shows a decrease of 4'9 per cent. Com
pared with the week of 1895 the current returns record a
decline of 4'3 per cent, but the excess over 1894 is 4'4 per
cent. Outside of New York the lass from 1896 is 5'3 per
cent. The decrease from 1895 reaches 13 per cent, and
making comparison with 1894 the gain Is seen to be 2'9 per
cent.
N ew Y o r * ................
P h ila d e lp h ia .........
P itts b u r g ................
B a ltim ore................
B u ffa lo.....................
W a s h in g to n ...........
R o ch e s te r...............
S y ra cu se ..................
S cranton..................
W ilm in g to n ............
B in g h a m to n ..........
T o ta M id d le ....
B o s to n ....................,
P r o v id e n c e ........... .
H a r tfo r d .................
N ew H a v e n ............
S p rin gfield .............
W o rce ste r...............
P o r tla n d .............. .
F all R iv e r ..............
L o w e l l .....................
N ew B e d fo r d .........
T o ta l N ew E n g..
1896.
1897.
81,970.56
4,625,001
2,618,02 l
1.411,82
1,144 37
1,202,00 1
1,120,27*
;831,02
496,22
487,00
95,807.03c
1894.
1
—4‘ 5 516,990,15
409.2L5 533
—0‘ 5
58.179.12
55.993.858
+5' 1
11,445,97 1
10,974.774
-5 ‘
11,030,01
1^,302 823
—143,559,11
3.307,243
-0 1
1,764,36
1,510.730
-1 1.408,34
1,477,071
—15844,58
702,835
+1*
582 47
515 718
—19
038.10
762,237
-1 3 328.40 i
305,500
—4
007.373,25
557.218,328
+3
8*9 i
4*8'
+0-13*
-8
—5
-4 -2 0
+ 3 i’
-f-3‘ J
81.01P.18i
4.930,00
2.037.12
1.192.57
1.512,54
1.370.75c
1.23-6,70.
760.39'
571,18’
359.35k
97.991,826
77,787.677
4.107,000
1.800,507
1.202,389
1.043,278
1.080,822
1.102,407
751,118
490,303
389,007
89.950.103
84,384.911
11.763,101
5,937,801
1,797,36!
4 739,113
3,210.801
903,026
2,309,60J
77,052,111
11.437,150
5.358.080
4,041,923
730 000
5* I.VM8
817,70.*
275.000
230 231
2ll,00v
176.273
274,159
171,910
137,123
112,429.730
85,853.091
12.440,151
0,019.59*
6.319.79
4,0d0,3ut
3,408.801
2.152.726
2,203,311
2,003.731
891,174
030.797
337,772
250,000
240.87c
348,81*
2:1,477
33l,09«j
155.31]
140,116
127.093.535
-18 '4
-0
—lO'i
+5-19-*
8-5*1
—19:
—42—40-J
—21*5
—14':
*r2'i
+ lu \
—4*i
-8 0 9
—37*4
-17*2
+ 1'7
—2 1
—l2*V
878.049
09O,'eO7
372,991
378.707
257,497
210,054
263.80S
302,809
190.452
109,264
121,120.140
300,143
275,042
205,000
171,032
238 075
253 334
142 174
134.478
111,349,249
10 330,286
1.101,934
1,050,840
1,098.690
357,170
425,000
199.7H
105,169
49,390
16,018,1 95
13.098.044
1,445 221
801.553
1,386.115
409.53U
4*12,979
379,230
186,414
89,217
19.t75.728
-24*7
-23*8
-+-21*6
-20*8
—24*0
—8-2
+31*8
—43 3
—44 0
—20 9
14 392.444
1.175,000
1.0OI.011
1,187.384
570,348
<* 0,558
275,000
133.017
85 880
19.227,202
12,731,940
1,120,70ft
814,332
974,790
592,101
670,210
207.6S2
133,592
152,292
17,357,021
0.273,254
0,034,332
4.422,900
3.031,147
2,799 798
1.700,000
1.252.000
893,021
662.700
260,830
430,251
845,422
76,085
70,125
31,750,931
+7-0
—7*0
—5*0
-31*8
—11-4
-08*4
+11*8
—5*S
—0 0
—27*6
-0 7
-3 3
—0 4
4-30*3
—3*0
9,332 575
0.108 368
3.111,858
3.309,812
2,717,790
0,100,070
4,798.110
4.453,173
3.415 475
2,813,732
Tot. c f her West
8.323,803
6,614,01s
4.105,127
2.471'670
2,181.861
687.054
1.400.000
841,115
526,088
193,488
401,345
334,120
70.258
95.691
20,058,596
1,435 209
921,712
494,430
342,793
504.487
343,895
03,000
55,161
28,924,752
1,408.082
909.939
003.724
415 000
606 410
470 404
70 957
114,000
28,137,848
St. L o u is .............
N ew O rleans___
L o u is v ille ...........
G a lve sto n ...........
H o u s to n .............
S a v a n n a h ..........
R ic h m o n d ..........
M em ph is........
A tla n ta ...............
D allas..................
N a s h v ille ...........
N o rfo lk ................
W a c o ................... .
F o rt W o r t h ........
A u g u sta ..............
B irm in gham .......
K n o x v ille ............
L ittle K o ck .........
J a c k s o n v ille ___
C h atta n ooga.......
T o ta l S o u th e r n ..
24,040.107
9.420,250
5,205.439
2,441,05*
3,022,180
1.982,370
2,205.151
1.882,230
1,324.233
1.242,088
1,018.23 i
896,018
774.036
570.403
778,051
382,580
304,31?
304.941
227.717
230,729
58.984.820
23,829.258
9.562,050
5.P07.493
2,330,415
1.908.882
1.707.250
2,382.918
2,* 87.996
1.30&.O2O
1210.440
1,009,309
1,065,721
078.869
537.881
611,885
439.985
405,703
299.870
327,117
278 556
67,790,233
+ 3 '1
—1*4
-8*1
4-4*8
+58'3
4-122
-7*4
—9'9
-3 2
—0*4
—5*2
-1 0 0
+ i» -i
+72
+27*2
-1 3 0
-1 0 1
+1*7
—30*4
-15*0
•f 2'1
25.088 480
9.330,484
5.3J6 896
2.457 000
2,012 794
1.779 080
2,197,301
1,910.00-*
1,101 000
1,325,139
950.309
903,818
1.077.037
8*51.130
5H0 000
399.549
21,160.269
8,918.401
0 254,917
2 094.686
1,961.793
2,207.187
2.000,200
1,387.546
1,013,000
1,096,882
820,042
827.240
500,0*10
519,334
C h icago...............
C in cin n a ti........
D e tr o it ...............
C le v e la n d ..........
M ilw au k ee........
C o lu m b u s ..........
In dian ap olis . ..
P e o ria .............
T o le d o ................
G rand R a p id s ......
D a y to n ............ .
L e x in g t o n ........
Saginaw .............
K ala m a zoo........
A k r o n .................
Bay C i t y . . . . . . . .
R o c k fo r d ...........
Springfield. O hio..
C a n to n ............. .
T o t . M id. W e s t’ r
San F r a n cis c o ..
Salt L ake C ity..
P o r tla n d ............
L os A n g e le s ....
T a c o m a ___ .....
S e a ttle ...............
S p o k a n e............. .
F a rg o ....................
S io u x F a lls........
T o ta l P a clflo ..
K ansas C i t y ....
M in n e a p o lis ....
O m a h a.......................
St. P a u l...................
D e n v e r ....................
D a v e n p o rt..............
St. J osep h ............
D es M o in e s .............
81oux C ity ..............
L in c o ln ....................
W ic h it a ...................
T o p e k a .....................
F r e m o n t..................
H a s tin g s.................
7o.l78,88c
11,045.O5C
5.404.74
6,020,2:7
3.757,0(
3.000 00C
1,787,445
1,275.005
79.8S5.97
4.210,00 »
2,322,71
1401,24
1.317,40
1,311.32
1.1p5,04
M09.09
02 -.90
301,01*
92.8:0,03’
1395.
P. C e n
f
195.464,43 0 519.950,83 7
51,724.23
55,450.79 5
12.424,16 S
13-001,58 1
13,523.39
14.308,73 )
3,352,96
3.920,35 )
1,90«,48 *
1,978,77 L
1,442,27
1,469,13 2
775,00 >
919 31 2
C61.15 i
651.93 l
50S.S7
704.49 7
321,00
309.70*\)
582,801,40
611,146,54
1,075,704
338 417
37 7.498
234,121
68,1-30,503
3.50S.200
1.023,998
1,408.050
3*39.010
502,205
2C0.350
5l.806.S48
T o t a l a ll...........
804.100,289
910.262.7S5
—4*9
033 507.810
850.873.057
O u tside N. Y o rk .
398.095,859
421.312,148
-5 * 3
410,571,050
387.027,524
M o n tr e a l............
9.017.022
0 108,220
T o r o n t o ................
1.079,517
H a lifa x ................
879,798
W in n lp e a ............
582.018
H a m ilto n .............
609.500
St. Joh n *..............
T o ta l C anada..
17,007.245
* N o t Inclu ded In t o t a ls .
9,203,850
6.330,404
915.340
1,011,001
598,34 0
-2 * 0
- 3 '0
+17*9
—13 0
-2*0
9.908,413
5.100.450
917.490
055.379
523,321
10 615 881
4.994 1«8
1.110.883
870,963
678,000
18.005.595
-2 2
17 171,0591
18,109.706
THE CHRONICLE.
640
THE FISA St ‘!A l
SIT LA T/OX.
The feat tiro of the week in financial circle* has been
the large withdrawals of imported goods from the
bonded warehouses. \\ e foreshadowed this movement
and indicated its cause last week in this column, though
we did not at all anticipate that it would assume such
large proportions as it lift*. The affair may well lie
called a psychological phenomenon. A mere rumor that
the tariff bill to be introduced at the extraordinary
sc-sion of Congress which begun Monday would be
made retroactive, though officially denied, and stated
by us and by others not to be lawful if attempted, ob
tained sufficient credence to inspire a widespread fear
of its truth. On Thursday and Friday of last week
the payments of duty on withdrawals at New York
alone averaged each of those two days a little over five
hundred thousand dollars, against an ordinary daily
average of less than %100.000. On Saturday the duties
On withdrawals at this center ran up to £1,210,097; on
Monday they were £2,178,515; on Tuesday (the tariff
bill having been introduced into the House and found
to contain no such clause as that feared) they fell to
♦527,335. and since then have continued to decline,
until now they are nearly normal again.
These facts are worth recording because, if for no
other reason, they are a good illustration of the way the
public repeatedly lets the bulls and the bears put it
into bondage to a senseless fear, and play ducks and
drakes with its money and securities. We are in
formed that during this frenzy the better portion of
the sugar in bond and very large amounts of tobacco
were withdrawn. Among fabrics the most exten.
sive withdrawals were in woolen manufactures and
linens.
Some of the importers put themselves
to considerable trouble and expense by trans
ferring their goods, after paying the duties, to
private warehouses.
We have heard it said that
this additional work was likewise done because
considered necessary to escape the threatened ret
roactive operation of the new law.
On inquiry we
are inclined to believe that the object of the transfer
was so as better to borrow money to pay the duties.
The transfer was only made bv those who could not
sell their single-name paper and for the purpose of
having warehouse receipts as security for a loan. No
noticeable effect of these borrowings has been appar
ent in money, except a little greater firmness in all
branches of the market as more fully explained in our
remarks below on money in this article.
The meeting of Congress, President McKinley's
mes-age submitted to the same, and the introduction
of the new tariff bill by Chairman Dingley, its refer
ence to the Committee on Wavs and Means, the
report of the bill back to the House by the Committee,
and the fixing of March 31 for the vote on the bill in
the House, are all among the events of the week.
Our readers will find an article we have written with
reference to the tariff legislation on a subsequent
page.
We are informed by leading bankers who
claim to be well posted on the subject that those
who have the tariff bill in charge believe the legis„,.p will be completed and the bill in the Presi• f i l l , hands by the first of May; they further claim
L I A M u. l>A 0f from gix *to ejg|,t ig ll8sure(j
7 6 'j PINE ST'» statement would be highly satisTHE W AI.I. HTREF* 1>f 1,'l>1|,d.
Tested by past exper0^ trifle sanguine; but the source
nfidence. Our reports from the
[VOL. LXIV,
merchandise markets all show that no perceptible
effect is us yet anywhere noticeable from the intro
duction of the tariff bill, either on prices or on the
demand for goods. Purchasers’ transactions still ex
hibit a very conservative character, and yet no doubt
there is a slow but healthy progress making towards
the development of more active business.
Another important feature this week has been the
strength and activity of the Vanderbilt properties on
the Stock Exchange, imparting tone to the whole
market. The movement in these properties has been
the more significant in view of the coincident
weakness in u number of special stocks, the decline
in which yesterday operated to give a temporary set
back to the general list.
No doubt the large Customs
payments had somewhat of a stimulating effect on the
speculation, improving as they do for the time
being the position of the Government in the mat
ter of its revenues. But the chief cause for the
rise and active buying of the Vanderbilt properties
must be sought in the advantage which is expected to
accrue to them as the result of the refunding of their
maturing high-rate bonds at a considerable saving in
interest. The Lake Shore bond negotiation two weeks
ago showed the importance of the saving to be effected
in the case of that road, and the extensive tables we
published last week brought out the fact that there are
other properties where there is a like possibility of a
very large reduction in the yearly fixed charges through
refunding.
For instance the New York Central lias
over 51 millions of bonds falling due the next few years
(not counting the £12,000,000 Harlem 7 per cent con
sols), on which the saving in interest on a 3+ per cent
basis would be 11,482,834, equal to nearly 14 per cent on
the company’s stock. Reports, too. this week have in
dicated that negotiations to that end in the case of
this company were actively under way and likely soon
to be completed. Then there are other cases, like the
Chicago & North Western, the Burlington & Quincy,
&c. The St. Paul & Omaha Company, whose stock
has been especially strong, has no high-rate bonds
maturing in the near future, but here, too. there is
a special reason for the rise in the fact that the com
pany has the present year begun the payment of divi
dends on its common stock.
While on this subject of maturing bonds, a word or
two with reference to the case of the Milwaukee & St.
Paul will not be out of place. Several of our subscrib
ers have writen us pointing out that most of the bonds
of this company are convertible into preferred stock.
We had not overlooked that fact, but did not men
tion it because the purpose of our article last
week was
a
general
one,
and
we
did
not
intend
to
deal
specifically
with
the
uffairs of any one company. It is a feature, however,
in the situation of the St. Paul company that must be
taken into consideration in contemplating the possi
bility of refunding the bonds. The privilege of con
version into preferred stock is a valuable one, but no
one can tell the extent to which it may be availed of.
In some past instances quite considerable amounts of
bonds were presented for payment when they fell due,
notwithstanding that the option to take preferred stock
had existed. Besides, the bonds being high-grade
issues, they are held by a class of investors who, as a
rule, do not care to hold stock, and if a refunding plan
were proposed they might, if the terms offered were
fair, be found willing to take new bonds. Altogether
there are a good many doubtful elements in the case. Of
March 20, 1897,]
THE CHRONICLE.
541
course to the extent that the bonds were converted into gold.” This last fact is the all-important one for
stock the road would save the whole amotmt of the Southern and Western people to recognize. Let
interest now paid on the bonds, hut this, while them once understand that a stable monetary standard
strengthening the position of the company, would is the first requirement of the situation, and a new era
not count as an advantage to the common stock, of prosperity will open up to them.
While the tone of all branches of the money market
since the preferred stock has a first preference of 7 per
cent, which is the amount of interest that the matur- has been firmer this week there is but little change in
ng bonds now bear— except in the case of one issue of rates. Money on call, representing bankers' balances,
$1,106,000, where the interest is 7*3 per cent. There has loaned at 14 and at 2 per cent at the Stock E x
is also (among the maturing bonds) an issue of change with the largest transactions at the first-named,
$3,674,000 bearing 8 per cent interest, but these have rate and at I f , averaging about I f . Banks loan over
the counter at 2, while the trust companies conform to
no option of exchange.
It is interesting to note, as one of the signs of the the ruling Stock Exchange rate. The market for time
times, that the people of the West and South are in contracts is firm at 2 per cent for thirty days : 24 per
many instances furnishing evidence that they are pos cent for sixty days : 3 per cent for ninety days to four
sessed of a much greater amount of conservatism and months ; 34 per cent for five to seven, and 4 per cent
shrewd common sense than they are given credit for. for eight to nine months on good Stock Exchange
It is undeniable that some very radical measures are collateral. The inquiry was somewhat urgent early
proposed from time to time, and that less often than in the week in connection with the withdrawal
goods
from
the
bonded
warehouses, but
could be wished these fail of rejection. But by no of
means all such propositions escape condemation. after the middle of the week the demand became nor
Usually when a bad law is proposed, great promi mal. The commercial paper market is well supplied
nence to the matter is given in the press through with acceptable names and a good business has been
telegraphic dispatches sent to the papers here in the done in tobacco paper by those banks familiar with
East which print the news in a conspicuous way. The this trade, but the bulk of these transactions has been
fact that the measure has failed of approval, how by trust companies who have also bought paper secured
ever, is not always chronicled. The latter part of by warehouse receipts on imported goods as collateral.
February a dispatch from Guthrie, Oklahoma Ter Much of the borrowing has been done at 4 @ 4 4 per
ritory, announced that a law making non-collect cent for five to eight months. Quotations for com
ible and void all contracts payable in gold had mercial paper are 34 per cent for sixty to ninety-day
passed both houses of the Territorial Legislature. But endorsed bills receivable, 3 4 @ 4 for first-class and 4 @ 5
it seems that the bill, nevertheless, failed to be for good four to six months’ single names.
come a law, the Governor having interposed his
There continues to be greater or less political ten
veto.
In our State and City Department to-day sion over the Crete affair in Europe, which has some
we print the reasons which the Governor gave for influence upon the markets for securities, though com
returning the bill without his approval. He shows paratively little upon discounts. The Bank of Eng
that the United States Supreme Court could not land minimum rate of discount remains unchanged
be expected to sustain an enactment
of that at 3 per cent. The cable reports discounts of sixty to
kind, and furthermore that the matter is outside ninety day bank bills in London I f per cent. The
the jurisdiction of the Territory in any event, since open market rate at Paris is I f per cent and at Berlin
the Legislative Assembly does not possess the and Frankfort it is 3 @ 3 f per cent. According to our
power to legislate on the subject. Hence, he says, special cable from London, the Bank of England
“ the only effect of such an amendment would be to gained £282,491 bullion during the week, and held
frighten timid capital, and to injure the credit of the £39,680,545 at the close of the week. Our corre
Territory abroad without producing any benefit at spondent further advises us that the gain was due to
home.” Mr. M. L. Turner, the Territorial Treasurer, the import of £263,000 from Australia and to the re
in forwarding us the Governor’s remarks, takes par ceipt of $19,000 net from the interior of Great Britain.
ticular pains to say: “ We have no vicious or popu
The foreign exchange market has been dull this
listic laws; no disposition on the part of our people to week, and some bankers report it almost stagnant.
have them .”
Though nominal rates show some change there was
In the South, too, there are evidences that the peo none in those for actual business. Commercial bills
ple are beginning to appreciate the importance of against grain are held at such high figures that few
a sound monetary standard in their daily affairs. They bankers care to buy them, and the cotton season seems
are learning that the investor will not loan his money to be substantially over, for the agents of foreign
out unless he can feel sure of repayment in the same houses are closing up their accounts preparatory to a
standard of value. Lee County, Alabama, last week rest until the next season opens. The low discounts
disposed of $25,000 bonds and made them payable in London and the comparatively high rates for money
in gold. The Montgomery “ Advertiser,” in report here seem effectually to stop all further transactions
ing the transaction, says there was “ considerable in long sterling for investment, but still sixtyjoking at the expense of the good-natured Judge day bills are firmly held. The maturing sterling
of Probate, who is a red-hot silver disciple, be which
comes
upon
the
market
is
absorbed
cause he voluntarily had ‘gold bonds’ issued.” Our by the demand for remittance, the run-off bills being
contemporary adds: “ The judge, in explanation of his exchanged for short, delivered on options recently sold,
action, says that silver does very well for politics, but and the maturing bills are then canceled. As often
when it comes to business he must look out for the as the tone for demand sterling grows easier under
best interests of the county.
The public-spirited gen the influence of offerings of maturing bills, the pressure
tleman who had the private deal with the judge is him is relaxed and the tone becomes steadier again.
self a silver man. but states that the bonds could not Since February 18 when rates for actual business in
have been sold if they had not been made payable in sixty day sterling were 4 8 5 @ 4 854, the market for
THE CHRONICLE.
542
s In t*n iirm. advancing to 4 S5J@4 86}
anil there remaining. In the interval of
nonth since February 15 actual rates for
tft #n<l cable transfers have moved
m ght
-t<
, :..,!•!• ;• of a cent and reacted the same
Upward o
thev now stand unchanged compared
fraction,
. - on the .il'ov. -named date. This rewith the f
.idme-s is very largely due to the fact
markable
that the n mi ;s in an abnormal condition resulting
•rations in long sterling for investment
from the
in November and continued to a greater
w h ic li b eg
em
until last week. The range for
or less
.»
on
Monday was unchanged, comnominal
Friditv of last week, at 4 «%@4 8<5F
pared w
.on! 4 -ssio.{ SSA for sight, hut a refor sixtyshort rate by the Bank of British North
dnetion h
only one of the drawers quoting 4 884
America 1
hero was a change on Tuesday by the
for eight.
Merchant-* Be, sk •j t’anada, which reduced the short
» t f half it n tit, nuking the range d 86(4/4 86| for
sixtv-duv and i M MM MM for sight, and there wa.s no
further change thereafter. Rates for actual business
have remained entirely unaltered throughout the week
at 4
.v j for long. 4 87d/4 «7| for short and
4 M Uo4 s i; tor cable transfers. The following table
show the daily posted rates for exchange by some of the
leading drawers.
tin
on Ms
more than
M IL T
CO S TED B A T E S F O B F O R E I ON E X C H A N G E .
(VOL. LX1V
We subjoin the totals for merchandise, gold and
silver, for the eight months since July 1 for six years-
Mo1.
E xport*.
SILVER.
G0U>.
MlBCHANDia*.
night
\Exc-u* j Ex- j Im Excess : Ex Im jRxcets
jof B x .
Im port*.1 o f
0/ i
Exporti. port*. port*. Exports p o r t) port*. ' porti.
3124T0 14.757 SO,557 MI3,80o:4'8.fl3i> 20,101 22,038
UB-9J
19,275,21,3*1
I0.<
93-9U 60-i.e«7,X41495 61.47SiSa!l8J 29.767
91,65*j3H.^9 16,676 42,Ill 36'190 151.385 17.'585
il I 113
fl3-!»l « :} 3 .4 ? r 1 1 5 n s ■llS'Hi'J I0.559 6l.in •33.857! 33,-06 15.070 attfea
386,8721537,078 ‘J9.UW 61.798 11,04* 30.749 TlS.817 17.07(1,10.030
.R8I* 1 4154-1 3.8*0'4.5.r48 *4».e#8a-i.W 9 14.301; 8,618
9 i - 9 2 737,602 3*3,1
* Excess of imports
In the last table gold and silver in ore for 1893-94,
1.894-95, 1895-96 and 1896-9? art* given under the
heads respectively of gold and silver ; for the other
years both are included in the merchandise figures.
The following statement, gives the week’s movements
of money to and from rhe interior bv the New York
ban ks.
R eceived bp Shipped by
N . r . Bantu- N . Y . 3 ink*-
W eek E n d in g Mar, 19,1897.
U a r r e n c y .,., . . . . . . . . . . . . . . ....... .
..
G o l d .....................................................
Total gold and legal tenders.----
N et I n te rio r
M ovem ent.
$4,049,000
622,00(7
$ 3 ,058,000 S a in .
0O2,O0OjG-am.
$ 4 ,0 7 1 ,0 0 0
$ 3 ,6 6 0 ,0 0 0 U a in .$ l,0 1 1 ,0 0 0
$ 9 0 1 ,0 0 0
2 0 ,0 0 0
W ifi the .Sub-Treasury operations the result is as
follows.
In to
B anks.
W eek Ending M ar. 19,1897.
Banka* in t e r io r m o v e m e n t,a a a b o v e
3 ab-T reaa a r y o p e r a t io n s ...................
j
OutOf
B anks.
NetChangein
BankHoldings.
$ 4 ,671,000
13,000,000
THUB.. FRI..
i fbi.. MO>\. TUBS,, WED- M
T o ta l g o ld and le g a l t e n d e r s ____ $ 1 7 ,6 7 1 ,0 0 0
Mar. 12 Mar. 15. Mar. 10.;Mar. 17. ar. lg. Mar. 39.
8fl^
(»dayi.l
Browc
The following table indicates the amount of bullion
88
a*
i &
ft*
sm in the principal European banks this week and at the
|mday* | m
Bm
rtw
,
Mmomi -4C®
8m
m i Hi
1
S3!
Bank BtiUm 1mdays.;
m4
corresponding date last year.
S
h ; 8“
UH li11
No. America.. <XUrbU... m
m
86
UK)days. ?e
Baa* of
£8
68
sa
a
Matxtrvt.'...... iSshs.,,
a
M ar. 19. 1896.
M ar. 18, 1897.
Bank o f
80
88
Canadian Bank faodays.l m
m
§6
p6
88
SS
88
m
85
of Commerce- isishu... 8Total.
Silver.
Gold.
Stiver.
Gold.
left 1mdays.;£
£
£
£
•ibeimer k Cl
r9*
IP
w
r
m
49,111,941
39,889.545 49,111,914
Bagland...,. 89.689.51V
mx
j
iMMoto Bttrtt.. 100
88
I Sssr6*7*.
hi... A
88
i m
49,923,803
&
&
1
28,110,348
70.674 553 19,087.012 125,702,105
France.8«
MprekmU' Bk. | « day*.-;
66
30,810,167 15,415.033 48.335,250 31,516,290 15,531,TIP 47.031.000
S8 ■ ?nc
873^ !?*
t)f Canada--- 1^isrlat—i a
87hi Germany.
A«t.-0UDK’y 30,931,000! 12.617,000 ’ 43,548 000 25,726,000 12.724.000 38,450,Of 0
T h e
fo r
m ark *t
s ix ty
a ctu a l
c lo s e d
day
and
b u s in e s s
fir m
4 87 j @ .4
w ere
4
P r im e
do. mu
M ary
o f
th e
g iv e
cou n try ^
th e *
h ills
; > 4 1 '. / f M l .
W a s h in g to n
fig u r e s
has
884
fo r
th is
fo r e ig n
b e lo w
in
tra d e
our
fo r
;
R a te s fo r
lo n g ,
IW
B u rea u
is s u e d
fo r
u su al
4 87@
c a lilo
w ere 4 8 4 }@ -4
T h e
w eek
at 4 8 6 @ 4 86$
s ig h t.
8 5 }
1 -d : •■• •- M
c o m m e r c ia l
at
F r id a y
854@ 4
itid
f"r s .
on
of
th e
sta tem en t
fo rm .
F o b s io n T r a d e m o v e m e n t o f t u b u n it e d S t a t e s .
...
..
O '®!*!.
..
...
-,
OrtM !>ee„.
S m n & t f ..,,
WekroMFf,.
T o t a l.
r ;H ,m
V i,* * *
n 't
372
337
1 4 516
1BM A
M m m r?
9Jt¥%
4 ,* m
4 t ,? m
W et«Is O rf.
tA
0 f t .- t J t *
m
Ju n sa ry
tt
id
.,***
Im port).
t
‘2 0 9 ,4 4 3 - 3 8 381
2 0 0 ,6 2 6
+ 6 6 ,3 -7
HH.045 + 1 N.382
6 2 ,4 7 8
4 f z .m
e o i.o a -
S IM M
37 A n
557
545
--2 7 ,0 8 7
—3G.70-‘
-1 -5
-2 0 8
3 7 ,9 5 8
3 1.415
1 0,587
jf.184
2,855
3,099
1 0.388
11,559
7 SAM
108
+ 27,Via
. .710
+109
— 0 4 ,1 8 0
83,1-41
2 8 ,(8 1
2 510
4.*‘50
877
7m
+ 1 1 / 03
+ 1 ‘& MQ
+ 3 .1 2 1
+ 3 , la ?
1 1.767
1 5,109
4 ,9 3
2M2
3.007
3.807
J .057
l.u a
_+3,050
s:m
+ 3 V -< »
40,261
9,443
+30.758
#4
a io
'4*7
-5 2 4
-5 1 *
-3 H
8
3?
5
475
552
179
100
M et
- 1 ,0 '
m
1,300
— 4,1*4
13
z W ,
- 1 M ’i
m
2 78
85
m
3.050
3,959
t-J U
u rn
—3.681
-I.D ill
- 1 1 .M2
i« 5
9.832
m iiii
tS
S r tS S i i
£«,is
E xport*.
1
l 7 1.062
•Mlti.S&A
8 0 .9 7 0
7 7 .7 0 2
_
TI0MU*
'Ml
^ H v -e r l a O r e .
M m f- m m -*.
if*
lkt
— 1895-6.—
Im p ort).
ExctJU.
(
1
1 5 2 .134 -H I 9 .o ia
1 A I M 90 - f l **0.291
« f 4 ’2.F93
39*101 -f 540,579
+ 3 1 -4.I7#
01
** E t m m o f iro porta.
7
8.004,COO 10.339.000
2 623,00** 6.913.0C0
2,587,333 1,293,667
19,278.001
9,575,001
4,198.009
18.334.000
9.536.000
8.881.000
T it.thi# w eek 192,134.932 96,242,028 288,376,961 197^788.02 fieT?!0^180 294,507.292
T »t.preY -w ’ k 191.102.707 96,006,351 287,193,961 197,323.853 95,602,751 293.926,601
and
S ta tis tic s
F eb ru ary, and w e
1896-7.----
8,528,000,10,750,000
2,632 000 8.913.000
2,19',667 1,399.333
t r a n .? -
85
t a - . f t o lio v liu t taMS* thra® o lp a o r , (000) are la all oasas o m itte d .
E xp orts.
M e r c fe ’ d in s .
I
S m r^ p Y -0ct -T ier ,
33<> : - ]
Jimtuurj
9 3 ,-0 7
WWbm m j . .
7 9 ,7 7 2
8 min ..
Ndtberlanda
Nat. Belgium.
-4 « 7
-5 1 8
~~-93
-1.419
-3.WS6
—1,351
TA R IFF
L E G I A L A
T l O N
A N D
CURRENCY
R E F O R M .
We are not inclined to take issue with the Adminis
tration over the question raised by the early introduc
tion of a protective tariff bill. Protective duties are
what we consider the independent voter consented to
when he helped elect Mr. McKinley as President.
There would have been nothing especially noteworthy
in his action if it had not been for the sacrifice thereby
made in behalf of sound money. On the financial
question the President’s party had pronounced for gold
money and the other party for silver money. That
presented a definite issue of deeper importance than
any kind of a tariff measure could raise. For the
country can prosper for a time under almost any de
gree of protection; but the overwhelming catastrophe
with which the possibility of free silver threatened our
industries and nearly all forms of invested capital was
so frightful a contingency that very few men of
enough education to understand the danger dared to
do otherwise than work and vote as they did.
But it is claimed by many that the vote last Novem
ber was certainly first of all for sound money, with
the tariff as a secondary issue, and we are not only
Mabch 20, 1897.]
THE CHRONICLE
543
getting the tariff first without the accompaniment of would induce economy is very desirable and would be
sound money but no movement at all is being made a wholesome situation. No doubt this country can
towards currency reform. That thought is not with under ordinary circumstances endure greater waste
out plausibility and force, and yet there is something than almost any other in the world without apparent
to be said in favor of the order of work which has suffering. But when our industries are at a standstill,
been undertaken. Mr. McKinley’s party at its nom when prices of all products are very low, when individ
inating convention declared first of all for higher ual incomes are greatly reduced and consumption re
duties, and nominated a man best representing that stricted, it would obviously be a helpful and wise pol
idea; next and following that it declared unequivocally icy to keep appropriations at the lowest figures con
for gold money. M e would like very much to have sistent with a proper regard to the needs of the Gov
had the order reversed, and we hoped when the Admin ernment.
Mr. Dingley says that the bill he has prepared will
istration forces came down to practical legislative
business it might be done. Y et we are aware that the produce $112,000,000 more revenue than the Customs
large majority of the Republicans (the portion of the duties yielded in 1896. This estimate, he states, is made
party which cast by far the most votes for Mr. Mc on the imports of that year, when the imports reached
Kinley) claim and believe that there is no prosperity pos $776,724,674, and we assume it to apply to the second
sible without higher duties and more protection. Just year of the operation of the new law. The Customs in
now too there is another condition which, it is quite gen come in 1896 was $160,534,351 ; consequently the total
erally urged, likewise favors the conclusion that tariff yield of the duties under this proposed tariff, if the
legislation should be first considered, and that is the imports remained as they were in that twelve
Government deficit, which by the way has been grow months, would aggregate $272,534,351, or over
ing larger instead of smaller. It is consequently con 35 per cent of the total imports. The signifi
tended with obvious reason that additional revenue is a cant fact with reference to this aggregate is
matter which cannot be delayed. To be sure revenue that it indicates a larger Customs revenue than
might be obtained in a more simple and different way, the Treasury has ever received within the history of
but it would be without protection. If the Republi the Government. The year of greatest productiveness
cans are to adhere to and carry out their proposed policy was 1890, when the receipts from Customs were $229,of securing higher duties, protection no doubt must be 668,584. W e, however, get a more correct idea of the
gained as now planned, that is concurrently with sup extent of the revenue the duties under the proposed
bill would be likely to produce in an active business
plying additional income and correcting the deficit.
Very many who voted for the President would have year if we reckon the yield on the imports of a recent
found much less to criticise in the proposed measure year when the movement was more nearly normal than
had it not been for the character of the wool and in 1896. For instance, during the fiscal year of 1893 the
woolen schedules. We think that those changes are imports reached $866,400,922. If we use these figures
extreme, and as we view the situation unwise. In as a basis for an estimate of the probable productive
our opinion they will harm both the wool and the ness of the new tariff measure— taking, of course, the
woolen industry, and will put more votes in the oppo same percentage (35 per cent) as that reached above
sition than all the other schedules together. A t the with reference to Mr. Dingley’ s estimate on the 1896
same time, it is to be said, even with reference to those imports— the proposed duties would be found to have
features of the bill, it could hardly have been expected yielded an income of $303,240,322.70. W e see, there
that there would be no duty on wool, and if foreign fore, that there is a fair promise of obtaining— say the
wool was dutiable it must likewise be admitted that second year of the operation of the proposed tariff bill
it would become necessary to adjust woolens to the should it go into effect as it stands to-day— about 142-Jchange. We cannot consequently see how a tariff for million dollars more revenue than was received from
protection could have been framed without taking wool customs duties in 1896.
off the free list; if that were not done as a part of such a
But all these matters relate to the tariff legislation
measure, Ohio, not to mention other States carried by which the members of the President’ s party in the
Mr. McKinley, would have reason to consider that it Senate and House will in the main settle among them
had been discriminated against. Be that as it may, i t selves. They are responsible for the character of the
seems not unlikely that these features of the bill before legislation, and, as we understand, are certain of a
the law is passed will be altered; we think the chances majority in the Senate as well as in the House, and
are that the duty on wool may be lowered materially. will reap the consequences whether favorable or un
The majority in the Senate will at best be small, favorable. W ith reference to the other part of the
and a combination may be required which will force a contract relating to the currency, there is no reason
compromise on that article; or it may be that as the up to this time why any one should question the Presi
discussion progresses such high rates on a raw material dent’s determination to live up to it and to use his
of such wide and general use may be made to appear best endeavor to obtain the reforms needed. Indeed,
impolitic to the majority of our legislators, as it most I as we have often said, he has in the appointment of
certainly is distasteful to a majority of the people at the present Secretary of the Treasury given the coun
this centre and in this neighborhood.
try a guaranty which, for the time being, every one
Less income from the wool schedule would not be ought to be satisfied with, of an unquestionable purpose
missed if Mr. Dingley’s estimate is reliable, and if we to right our currency defects so far as it lies in his
measure rightly the wants of the Treasury. That is power to do so. That the tariff question is to be
to say, the higher duties now proposed, accepting Mr. settled first is for one reason at least a favorable fact.
Dingley as a guide, would seem to promise a larger Many think it will cure business depression. No doubt
revenue than is desirable. An excessive surplus is a an income that corrects the deficit will strengthen the
dangerous temptation to Congressional extravagance. ! Treasury and to an important extent help to defend its
Taking the experience of the last eight years, the c o n -1gold reserve. But the cycle of activity will prove a
elusion is a safe one that a state of the revenue which short one unless currency reform follows.
54 t
THE CHRONICLE
IVon. UfclV.
books. That this statement is no exaggeration, recent
experience is sufficient witness. The election of Nov
Wo think it quite within the fact to say that this ember 1892 was unmistakably a vote for a, lower
■week's convocation of Congress in a spring session lias taritf. The bill constructed in response to this demand
met with very wide approval. There was. to be sure, was introduced in December 1893, and finally enacted
some special reason for an early session during the only in August 1894— one year and nine months after
present year. The revenue had shown itself to be the people’s vote. The tariff act of the preceding ad
wholly inadequate to meet current expenditures. The ministration, purporting to respond to the vote of
Government’s January deficit (according to the figures November 1888, did not pass into law until September
in President McKinley's message to Congress on Mon 1890. So it has been with a dozen other statutes of
day) had reached to *.5,952,395; in February it was recent administrations.
From such a policy there are several obvious results.
$4,395,059. Longer continuance of such a drain would
have brought the Treasury eventually into a position One, and the most important, is that no measure thus
where the apprehensions of 18915 and 1894 might be enacted has a chance of fair and reasonable test in
friendly hands. In the case of the two measures to
agaiti excited.
This situation made the extra session in any case in which we have referred, the Republicans still assert
evitable. But public approval of this meeting of Con that the McKinley bill had no sufficient trial before
gress promptly upon the inauguration of the new ad the Presidential vote of 1892; the Democrats have
ministration is not, in our opinion, wholly based on the made similar complaint regarding the Wilson bill.
feeling that such a session is an exceptional necessity. Neither complaint is wholly unreasonable; both have
We believe that the business community, though not their basis in our methods of belated legislation. Em
over-disposed to welcome any session of Congress, is barrassments of the present plan are emphasized by
relieved to know that the expected change in legisla the probability that if the law works awkwardly in its
tive policy is to be promptly discussed, enacted and first few months of trial— something quite likely to
put into operation. People may approve the action of occur even with the best of laws— or if other circum
the session or they may not. Every one recognizes, stances so combine as to make the public mind dissat
however, that certain changes in fiscal legislation are isfied with any half-tried policy, the party in power will
to be made; to postpone debate and vote until the fol be unseated at the intermediate Congressional elections.
lowing December would be, therefore, only to prolong Another year must then elapse, during which period the
uncertainty and discontent. No class of prospective Executive is conscious of the popular vote against its
legislation causes by such postponement more loss and own particular policies without even knowing what the
trouble than legislation on the import duties. With new Congress will be disposed to do. Such periods of
an altered policy in this direction clearly foreshadowed, interregnum occurred from precisely such a cause be
but with the actual character of the changes left in tween November 1890 and December 1891; between
uncertainty for a year or more, all business operations— November 1894 and December 1895.
Their ill
the making of contracts, fixing of price schedules, ac effects will be readily recalled. It is possible in fact
cumulation of stocks through importation or domestic that public opinion may have radically changed even
manufacture— all these must be in a considerable de between the election of a Congress and its convoca
gree suspended. Industry is forced into either confu tion. Not infrequently it has happened that the op
sion or stagnation.
This country’s trade has had position party has reversed majorities in State elec
enough experience of the kind since the close of 1888 tions before the Congress chosen in the preceding
to lend the strongest emphasis to approval of the pend year has even organized. This certainly happened in
ing early session.
1893; it happened in 1877; and the results were obvi
Nor is the preference of business interests the only ously embarrassing. For knowledge of such a change
reason why Congress and the President ought logic in public sentiment is a serious handicap to the initial
ally to enter at once upon their separate duties. The work of legislation; it is bound at least to provide en
system of Congressional sessions, as we are accustomed couragement to factious opposition.
in this country to apply it, is full of obvious anoma
It is our opinion that the public interest is undoubt
lies. The new Congress is chosen during the first or edly subserved when Congress, after a plain and un
second week of November; so far as concerns the politi mistakable vote of the people on a public question,
cal platforms and promised public policies, the results of convenes immediately upon the President’s inaugura
this election are universally accepted as the expression tion. A t least one year will then intervene before the
of the people’s will. A t times this voice finds so em people are summoned to pass judgment on the session’s
phatic expression at the polls as to amount to a polit most important laws, and this will afford fair oppor
ical revolution. Yet if the ordinary rule be followed tunity for judgment. We certainly regard it for the
the newly-elected legislators will not convene even for public advantage that the pending extra session should
the selection of officers and committees until Decem consider, not alone the tariff bill, but the question of
ber of the ensuing year. Thirteen months must elapse currency reform. It would equally have helped the
before the new Congress is even organized; it then cause of rational government if the extra session
habitually postpones important work until some time of
1893
had taken
in hand, not
only the
after the Christmas holidays, when the new commit repeal
of
the
Silver-Purchase
Act, but
the
tees will have had opportunity to arrange their work. tariff reduction law. The delay of tariff legislation
Debate on an important measure in the two houses of then had unquestionably bad results, both financial and
Congress will then frequently occupy two months or political; the consequences of delay in currency legis
more before the bill can reach a final vote.
lation now might be even worse. No other national
In other word*, it is not only possible, but probable, legislatures imitate our curious plan.
The general
when the people have voted distinctly in November for elections in Great Britain in 1895 were held during
a given law or policy, that they must wait nearly two July; Parliament met in August and went to work at
years before they find the measure on the statute once. The new Parliament with which Mr. Gladstone,
EARLY SESSIONS OF ('O.MUIESS.
Maech 20, 1897. |
THE CHEON1CLE.
545
in 1892, returned to office, began the work of legislation provision that the President “ shall hold his office for
within a month of the general elections. W ith France a the term of four years.” The Constitutional amend
similar practice prevails; in both governments the rule ment expressly stipulating March 4th as inauguration
has been found to work satisfactorily. It has at least day was not approved until 1804.
In other words, provision for a December session of
the merit of being reasonable, which our own system
the Congress was tentative and preliminary only, and
is not.
No doubt the answer will be made that the present the March date for change of administrations was a
practice of Congress regarding time of sessions is em matter of accident. By precisely the same chance the
bodied in our Constitution, where it was placed for opening sessions of the first United States Congress
presumably good and sufficient reasons, and whence fell, like the pending session, in the spring. The
it cannot be dislodged without a Constitutional Amend December date was necessarily ignored because the
ment. This is a very familiar argument. Some of our President could not be sworn in until Congress should
readers may therefore be surprised to learn that the have counted the electoral votes and officially an
Constitution nowhere stipulates finally for a December nounced who had been chosen, and Congress could not
session, that our present system is wholly the result of do this except in formal session. Thus singularly
accident, and that a March session of Congress was did it result that although the December date was
regularly held, without a special summons by the tentatively fixed by the Constitution, the precedent of
President, during six years of comparatively recent the first Congress was for a regular session beginning
with the inauguration of the President.
history.
Succeeding Congresses did not convene until De
The Convention which drew up our Federal Consti
tution did, it is true, provide that in default of a cember. U p to the close of the Civil War only eight
different arrangement, subsequently to be made by sessions had been called in the early months. In 1866
Congress, a session should be annually convoked a bill was introduced providing for regular sessions to
during December.
It must, however, be remem begin on the 4th of March. This plan was formally
bered that when this provision was adopted in 178?, adopted at the opening of 1867, and it governed the
Oddly
the question of the beginning of the term, not only of meetings of three successive Congresses.
Congress, but of the President, was entirely in doubt. enough almost the only argument then advanced in
Any one who will take the trouble to read the Consti favor of the change was the danger of allowing nine
tution of the United Sates, without the amendments months to elapse with no organized Federal legislature
adopted subsequently, will make the curious discovery in existence. Against the plan was urged only the
that no date is fixed, either for the beginning of added expense for mileage paid to Congressmen.
the government or for the annual change in the Execu Whether this motive of economy was the actual guid
tive or Legislative branch. The single definite provision ing influence, or whether the Congressmen found
for a date occurs in the fourth section of article first three sessions too much for their personal con
of the Constitution, where it is stipulated that “ the venience, the law of 1867 was repealed after six
Congress shall assemble at least once in every year, years of trial, and thenceforward, up to the present
and such meeting shall be on the first Monday in De day, early sessions were held only on call of the
cember, unless they shall by law appoint a different Executive.
Our present system, it will thus appear, has nothing
day.”
This clause, according to Justice Story’s “ Commen but habit to justify it, and not even precedent is uni
taries,” “ for the first time made its appearance in the form.
Spring sessions might be to-day established
revised draft of the Constitution near the close of the as a regular institution by simple vote of Con
Convention; and was silently adopted, and, so far as can gress. W e referred last week to the action of the
be perceived, without opposition.” But the purpose State constitutions in conferring, through a wise
of the provision, as it presented itself to the minds instinct directed by experience,
the
executive
of the Convention, is plain enough. It was believed, power of discriminating veto on appropriations.
in the light of previous experience, that annual ses The practice of the States is equally interesting
sions of Congress were indispensable to protect the in this matter of legislative sessions. In nearly
people from Executive aggression. For such an annual all the States the governor and legislature are
meeting the organic law therefore provided, and by way elected at the same time of the year as that in
of added certainty it fixed upon an arbitrary date, which the Federal President and Congressmen are
If anything is gained by a long post
leaving that date, however, wholly subject to the will chosen.
of future legislators.
The fixing of the fourth of ponement of the Federal legislative session, the
March for the President’s inauguration was a matter same
advantage
would
arise from
a similar
of simple chance.
Before the close of 1788 the old practice in the States. If there is any danger or in
Congress of the Confederation had received enough convenience in a meeting of Congress simultaneous
assents of States to the Constitution to make its with the President’s inauguration, the same obstacle
preparations for the change in government. It fixed would exist to a convocation of State legislatures on
accordingly on the first Wednesday in January for the State executive inauguration day.
Y et of the
the choice of Presidential electors, on the first forty-five States there are at present thirty-nine
Wednesday in February for the meeting of electors, which by law convene their legislatures at the
and on the first Wednesday in March for the inaugu opening of January, almost immediately after the
ration day. This date happened to fall in 1789 on the newly-elected Governor has taken office, and barely
4th of March, and although the first inauguration was two months after the election.
No disadvantage
delayed beyond that date, the President constructively or inconvenience has in any case arisen as a result
entered office at the appointed time. By this decision of such a practice ; the precedent is recognized as
inauguration day was forever settled. For when one wise and satisfactory.
W e are confident that the
administration had assumed its office on the 4th of results of a similar experiment with Congress would
March it then at once fell subject to the Constitutional be equally favorable.
64 K
THE CHRONJCLE.
[V o u L i IV.
question for judicial investigation, requiring due
process of law for its determination.
If, said the
Court, the company is deprived of the power of charg
One of our subscribers lias sent us a clipping from ing reasonable rates for the use of itB property, and
» legal periodical commenting upon a recent decision such deprivation takes place in the absence of an in
of the United States Supreme Court (Covington & vestigation by judicial machinery, it is deprived of the
Lexington Turnpike Road Co., et al., v. Sandford et lawful use of its property, and thus, in substance and
Hi.], in whic h the point at issue was the right of the effect, of the property itself.
In like manner, if the question as to the rate of
legislature to reduce the rates of tolls charged by a
turnpike company, with the effect of preventing the return to which shareholders in railroad companies
ootupuuY from earning dividends on its stock. The may be entitled should come up, the Court would,
writer of the article after noting that fixing rates so there is every reason to think, see that substantial
low that they would not be remunerative is regarded justice was done and such protection accented the
as a taking of property without due process of law roads as it lay within its power to grant. The Court
and therefore unconstitutional, goes on to say has repeatedly held that the capital invested in rail
that the question what rates will be considered roads is entitled to compensation or reward, and that
unreasonable and unjust or unremunerative has not rates when fixed by legislative enactment must be just
been very definitely answered yet by the U. 8. Supreme and reasonable to the roads and the public alike;
Court. lie points out, however, that the decisions obviously they are not just and reasonable to the roads
and discussions plainly show a disposition to interfere (other things being the same) if they allow only “ a
and condemn legislative rates only when it is clear that mere pittance” to the stockholders of the roads. Of
their enforcement amounts to a destruction of the course, what the rate of return shall be in any given
value of the property. As bearing on that contention case must depend on the circumstances of the case.
reference is made to a decision in a case which came Most assuredly, however, a mere pittance would not
up in the Circuit Court several years ago. where it was answer the requirements.
But as it happens, the present Turnpike case itself
held that rates fixed by legislative authority which will
give some compensation, however small, to the owners affords a pretty clear indication of the views and prob
of railroad property, can not be held by the courts to able action of the Court in a contingency such as that
be insufficient. While the U . S. Supreme Court has suggested. The case involved some collateral points,
not yet had occasion to decide whether this proposition aside from the issue as to rates, but we shall not touch
is altogether correct, says the writer, it has decided upon these, confining ourselves entirely to the rate
nothing inconsistent therewith. Then the article adds: question. The Turnpike Company had refused to ac
“ This rule leaves large power to the legislature. It cept the schedule of tolls which the General Assembly
would sanction statutes which cut down railroad divi of Kentucky by act approved May 24, 1890, had pre
scribed for the company, and thereupon suit was
dends to a mere pittance.”
This latter view our correspondent is not prepared brought to restrain it from exacting tolls in excess of
to accept. He points out that all roads have been con those fixed by that act. A temporary injunction, in
structed with legislative sanction— that is, either un accordance with the prayer of the petitioner,
granted, and later
the
Court
by final
der a special charter or under a general law. Besides was
this the State legislatures have generally established order made the injunction perpetual. After this
rates at which money may be loaned. Hence, he argues judgment had been affirmed by the Kentucky Court
that when a State reduces the rates to such a point of Appeals, the case was carried on appeal to the
In its answer the
that the railroad company cannot earn at least legal United States Supreme Court.
interest upon the actual cost (not the fictitious capi company alleged that the 1890 Act attempts to reduce
talization) of the road, the result is confiscation, and the tolls on its road about 50 per cent and that if the
the act will be held to be unconstitutional and void by same were adopted the income of the company from
the Federal if not by the State courts. He well says tolls would not be more than $8,000 per annum (where
that it would he unjust to reduce rates even so far, under the old rates of toll it had averaged about
since no one will put his money into any business with $16,000), and therefore only sufficient to enable it to
the idea of making no more than the legal interest. pay the ordinary expenses of operating the road.
Moreover, as the risks of railroad building are greater Nothing would be left with which to meet certain
than those of ordinary business, and railroads being a extraordinary expenses, which, as the answer showed, it
public necessity, justice requires that a much wider was absolutely necessary should be made, and there
margin of profit should be allowed. At any rate to the would he no income out of which dividends could
extent first indicated every moral and every legal obli be paid to stockholders upon the money which they
gation. our correspondent contends, requires that the had invested in the stock of the road. Hence it was
railroads should be protected.
contended that to permit the proposed schedule of
We do not think there can be any doubt as to what tolls to be enforced would be to destroy the value of
the decision of the Supreme Court will be when it is the property of the company and the value of the
actually called upon to para on a question of that kind. shares of stock held by the stockholders, and destroy
We remember very distinctly how. some years ago, entirely the dividend-earning capacity of the company.
fears were expressed lest the Court might refuse to in
Reviewing these facts, the Court, speaking by Jus
terfere at all witli legislative attempts to impose unjust tice Harlan, says : “ We have, then, the case of a cor
and unremunerative rates, on the ground that the fix poration invested by its charter with authority to con
ing of rates was a legislative and not a judicial func struct and maintain a turnpike road, and to collect
tion. But in the Minnesota milk cases the Court took tolls ‘ agreeable ’ to certain named rates, and which
a broad -tand in defense of property rights, holding is required by a subsequent legislative enactment to
that the question of the reasonableness of a rate of conform to a tariff of rates that is unjust and unreas
charge for transportation by a railroad company is a onable, and which also prevents it, out of its receipts,
COMPBXSA TORY TOLLS—HOW FAR HA Y A
LEGISLATURE REDUCE RATES.
Makch
20, 1*W7.J
THE CHHONICLE.
from maintaining its road in proper condition for pub
lic use, or from earning any dividends whatever for
stockholders.” Is such legislation forbidden by the
clause of the Constitution of the United States declar
ing that no State shall deprive any person of property
without due process of law?
Answering its own
question, the Court says: “ W e are of opinion that
taking, as we must do, the allegations of the answer to
be true, this question must be answered in the affirm
ative.”
The Court declares it is now settled that corpora
tions are persons within the meaning of the Constitu
tional provisions forbidding the deprivation of prop
erty without due process of law, as well as a denial of
the equal protection of the laws. Citations are given
from previous decisions to show the view the Court
has always held regarding the limitations upon the
powers of the States in regulating rates. Justice
Harlan quotes from the Railroad Commission cases
where Chief Justice Waite, while saying that a
State has power to limit the amount of charges
by railroad companies for the transportation of
persons and property within its own jurisdiction,
unless restrained by some contract in the charter,
or unless what is done amounts to a regula
tion of foreign or inter-State commerce, takes
care to announce that “ it is not to be inferred that
this power of limitation or regulation is itself without
limit. This power to regulate is not a power to destroy,
and limitation is not the equivalent of confiscation.
Under the pretense of regulating fares and freights,
the State cannot require a railroad to carry persons
and property without reward.” Again, in the case
of the Texas Railroad Commission, the Court declared
it to be the power and duty of the courts “ to inquire
Whether a body of rates prescribed by a legislature or
a commission is unjust and unreasonable, and such
as to work a practical destruction to rights of
property, and, if so found to be, to restrain its
operation.” It was added furthermore in that case
that “ while it is not the province of the courts to enter
upon the merely administrative duty of framing a
tariff of rates for carriage, it is within the scope of ju
dicial power, and a part of judicial duty, to restrain
anything which, in the form of a regulation of rates,
operates to deny to the owners of property invested in
the business of transportation that equal protection
which is the Constitutional right of all owners of other
property.”
These are all cases relating to the power of the
legislature over rates to be collected by railroad cor
porations. But the principles announced in them, the
Court declares, are equally applicable, in like circum
stances, to corporations engaged under legislative
authority in maintaining turnpike roads for the use of
which tolls are exacted;
Prom what has been said it will be seen that in this
Turnpike case the Court has simply reaffirmed with
ar^led emphasis the doctrines and rules laid down by
it in previous decisions. The portion of the opinion,
however, which attracts especial attention is that
where the Court deals directly with the question of
the rate of return to be allowed to those having owner
ship in the properties. We quote this part of the re
marks in full. We do not remember ever having seen
that phase of the question discussed so fully or with
so much precision. As will be seen, the Court treats
the matter on broad general grounds. Here is what
it says :
547
“ It cannot be said that a corporation operating a public
highway is entitled as of right, and without reference to
the interests of the public, to realize a given per cent upon
its capital stock. When the question arises whether the
legislature has exceeded its Constitutional power in pre
scribing rates to be charged by a corporation controlling a
public highway, stockholders are not the only persons whose
rights or interests are to be considered. The rights of the
public are not to be ignored. It is alleged here that the
rates prescribed are unreasonable and unjust to the com
pany and its stockholders. But that involves an inquiry as
to what is reasonable and just for the public. If the estab
lishing of new lines of transportation should cause a diminu
tion in the number of those who need to use a turnpike road,
and consequently a diminution in the tolls collected, that is
not, in itself, a sufficient reason why the corpora
tion operating
the
road
should
be
allowed to
maintain
rates that
would be
unjust
to those
who must or do use its property. The public cannot
properly be subjected to unreasonable rates in order simply
that stockholders may earn dividends. The legislature has
the authority in every case where its power has not been
restrained by contract to proceed upon the ground that the
public may not rightfully be required to submit to unreason
able exactions for the use of a public highway established
and maintained under legislative authority. If a corpora
tion cannot maintain such a highway and earn dividends
for stockholders, it is a misfortune for it and them, which
the Constitution does not require to be remedied by impos
ing unjust burdens upon the public. So that the right of
the public to use the plaintiffs’ turnpike upon payment
of such tolls as in view of the nature and value
of the service rendered by the company^ are reas
onable, is an element in the general inquiry whether
the rates established by law are unjust and un
reasonable.
That inquiry also involves other consid
erations—such, for instance, as the reasonable cost of main
taining the road in good condition for public use and the
amount that may have been really and necessarily invested
in the enterprise. In short, each case must depend upon its
special facts; and when a court, without assuming itself to
prescribe rates, is required to determine whether the rates
prescribed by the legislature for a corporation controlling
a public highway are, as an entirety, so unjust as to destroy
the value of its property for all the purposes for which it
was acquired, its duty is to take into consideration the
interests both of the public and of the owner of the property,
together with all other circumstances that are fairly to be
considered in determining whether the legislature has,
under the guise of regulating rates, exceeded its Constitu
tional authority and practically deprived the owner of prop
erty without due process of law. What those other circum
stances may be it is not necessary now to decide. That
can be best done after the parties have made their proofs.”
W e think the foregoing is sufficiently indicative of
the views of the Court as to what would be a proper
rate of return to stockholders upon their investment.
N o definite rule can be laid down.
It all depends
upon the circumstances of the case.
Rates will not
be declared unreasonable and unjust merely because
they do
not yield a given per cent
on the stock.
Other factors may enter into the matter. It is possible
that in some instances rates yielding a “ mere pit
tance
would be sustained, but if so it would be only
”
because of some exceptional facts or circumstances
connected with the particular case under review. Legis
latures can not, as a settled rule of policy, undertake to
reduce rates so low as to yield only “ a pittance ” and
hope to escape judicial condemnation of
their acts.
For, as we see, the Court has distinctly declared that
the “ power to regulate is not a power to destroy, and
limitation is not the equivalent of confiscation,”
and
also that it is “ a part of judicial duty to restrain any
thing which in the form of
a regulation of
rates
operates to deny to the owners of property invested in
the business of transportation that equal protection
which is the Constitutional right of all owners of other
property.”
On the same point, too, the further state
ment from
the case of
mission
tice
some
or
dice
m ight
also
demands
that
compensation
property
to
the
if
the Texas
be
cited,
every
for
it
rights
be
of
one
the
Railroad Com
namely
use
possible
others.”
that
should
of
his
without
The
“ ju s
receive
money
preju
closing
clause here defines clearly the limits within which the
rule laid down m ust be applied.
Compensatory rates
548
THE CHRONICLE.
■will be insisted on if that be possible "w ithout preju
dice to the rights of others.” Such a rule affords no
warrant for the wholesale marking down of rates to
an unrenmnerative or an inadequately remunerative
basis. The legislature cannot "u n der the guise of
regulating rates” exceed " its Constitutional authority
and practically " deprive “ the owner of property with
out due process of law.”
THE MEXICAN NATIONAL REPORT.
We have frequently had occasion to refer to the
[VoL. LX1V
But this is only part of the loss sustained.
It
represents merely the depreciation on the basis
of an assumed currency value for the Mexi
can dollar of
80
cents.
This was the basis
determined on some years ago when the dollar approx
imately had that value, and as a matter of conven
ience in book-keeping the company converts all Mex
ican dollars into American money on this assumed
basis of 80 cents. A ll depreciation beyond that is
charged separately as a loss from “ exchange” . In
the late year this item of exchange reached the sum
of $991,760. Adding that to the $505,192 above we
have a total loss resulting from the depreciation in the
value of silver of $1,496,952 expressed in Mexican
currency, llow this loss has been growing year by
year under the decline in the price of silver and the
increased amount of earnings to convert is indicated
in the following.
great growth which has occurred in recent years in the
revenues of the leading Mexican roads. The Mexican
National in its returns furnishes a striking illustration
of this growth. The annual report of the company is
just being printed and we have been favored with an
early copy of the same. Taking the records for the
last few years, it is really surprising to see how steadily
LOSS F R O M C O N V E R T IN G S IL V E R R E V E N U E S IN T O G O LD .
and largely the earnings have been added to. Here In 1889..................................................................................$159,227
are the figures of gross and net for 1889 and each year In 1890.....................
147.063
In 1891................................................................................ 296,549
since then.
In 1892...............................................................
650,900
d r o s s E arn ings.
N et E arn in gs
In 1893................................................................................ 870,489
1889 ........ : ...............................$3,660,124
$666,692 In 1894................................................................................ 1,263,542
1890 .............................................. 3,754,966
827,004 In 1895.................................................................................1,275,963
1891 ........................................... 4,206,423
1,159,021 In 1896................................................................................. 1.496,952
1892 ........................................... 4,756,030
1,700,613
The table first above given reflects the efforts of
1893 ........................................... 4,224,804
1,638,438
1894 ............................................ 4.329,078
1,891,962 the management through economies and savings to
2,071,408
1895 ........................................... 4,513.205
This second
1896 .............................................. 5,299,025
2,525,958 add to the revenues of the road.
Thus gross earnings have risen since 1889 from table shows the extent to which such additions to
$3,660,124 to $5,299,025, and the net earnings from the net revenues were offset by the augmenting losses
$666,692 to $2,525,958. In the first case the increase from the depreciation of silver. In 1889 the shrink
has been nearly 50 per cent, in the second case it has age through conversion was only $159,227 and in
been about 233 per cent. In other words the net now 1890 but $147,063— in 1896 the amount was $1,496,952.
is almost four times what it was in 1889. This last And this item of depreciation must always be an ele
statement discloses a feature in the Mexican National ment in the affairs of the Mexican roads. Every
As far
affairs peculiar to itself. With the growth in traffic thing depends upon the price of silver.
there has been a coincident saving in expenses. In as the extension and development of their traffic
fact it cost less to operate the road in 1896 with gross is concerned, the future of the Mexican roads is
earnings of $5,299,025 than it did in 1889 when gross bright. But the extent to which the fluctuations in
was only $3,660,124— that is to say, expenses were silver may affect the results, no one can venture
$2,773,067 in 1896 against $2,993,432 in 1889. The to predict. It was supposed a year ago that the de
economy effected may be indicated by saying that in cline in the price of silver had reached its limit. But
1889 it took 81-78 cents to earn a dollar; in 1896 it the metal has a way of taking a plunge when least ex
took only 52-33 cents. In the earlier period, while it pected, and now the price seems again to be tending
was felt that the operating cost was high, hardly any downward. Nothing could illustrate more clearly the
one dared to hope for such a great reduction as has evils of a fluctuating standard of values.
actually been achieved.
Despite the loss in the purchasing.value of silver,
When one comes to inquire as to the advantage that the final net results have greatly improved. After de
has resulted to the company from this gain in net ducting the cost of exchange and amounts spent for
revenues, one is reminded of the fact that there is a extraordinary renewals and replacements, the income
drawback in the affairs of the Mexican roads which account for 1896 shows $1,090,377 of income in gold
does not exist in the case of railroads in the United available for the payment of interest on the company's
States. The revenues of the Mexican roads are in securities. The interest on the Prior Lien bonds took
silver, and before they can be made available they only $687,755, leaving $402,622 to be applied to the
must first be converted into gold. But, as we all know, payment of interest on the $12,265,000 of series A
the price of silver has steadily declined, so that a given second mortgage bonds, equal to about 3£ per cent.
amount in silver has yielded a constantly decreasing The company has announced a dividend of 3 per cent
amount in gold.
on these bonds payable March 22.
Few persons have any idea of the extent of the loss
President Raoul in his report refers to the arrange
which the Mexican roads sustain annually in convert ments entered into last November for resuming the
ing Mexican dollars into gold. Every one understands pooling agreement with the roads via Vera Cruz on
of course that the Mexican dollar now is not worth a European traffic, this involving also the traffic from
dollar at all, but less than 50 cents in g o ld ; not the United States. He says: " T h e Vera Cruz lines
many of us, however, appreciate what a large sum the having abandoned the extreme and untenable positions
depreciation represents when applied to the entire net as to the management of traffic from the United States,
earnings of a company like the Mexican National. which they insisted upon in 1894, and which caused
With net in Mexican currency of $2,525,958, the the ruptures between the companies, an agreement was
report gives the equivalent in gold at $2,020,766, reachod by which the Mexican Traffic Association was
showing a shrinkage through conversion of $505,192. re-established and the European traffic pooled between
CHRONICLE.
YHK
H a HCH 20 lt*K7.
5 '.9
t h e f o u r lin e s , i n c l u d i n g a fir m a g r e e m e n t f o r t h e m a in
$ 5 8 ,6 9 3 i n c r e a s e i n n e t .
t e n a n c e o f ra te s o n U n it e d S ta te s tr a ffic a n d its m e t h o d
h a v i n g $ 1 3 2 ,9 1 2 g a i n i n g r o s s , h a s $ 1 2 1 ,9 2 1 d e c r e a s e i n
T h e B a lt im o r e & O h io , t h o u g h
i c a l c o n t r o l o n l e g i t i m a t e l i n e s . P r o v i s i o n is m a d e f o r t h e
n e t , t h e r e a s o n f o r t h is h a v in g b e e n
a g r e e m e n t t o r u n f o r a d e fin ite p e r io d a n d fo r its
v io u s o c c a s io n s .
con
e x p la in e d o n
t in u a n c e t h e r e a ft e r as l o n g as s a t is fa c t o r y , w i t h o u t f u r
R a ilr o a d , w h ile
t h e r s p e c ia l c o n t r a c t , b u t t h e a g r e e m e n t t o m a in t a in t h e
$ 8 7 ,5 0 0 g a i n t h e n e t , t h e e x h i b i t b o t h a s t o
E u r o p e a n p o o l is c o n c u r r e n t w i t h a n d d e p e n d e n t u p o n
a n d th e n e t b e in g th e b e st fo r
th e
fa ith fu l
U n ite d
c a r r y in g
out
tr a ffic .
The
S ta te s
s u ch an a g re e m e n t w as th e
of
th e
fa ilu r e
cau se o f
ic a n
N a tio n a l
on
m a in ta in
ju s t
ru p tu re
and
th e
t h e l o n g w a r o f r a t e s ^ w l i ic h e n s u e d ” .
in th e r e p o r t as t o th e
agreem en t
to
N o t h i n g is s a i d
o r g a n iz a tio n o f th e n e w “ M e x
R a ilw a y
C om pany,
ita r y c o m p a n y fo r m e d
in
1896
L im ite d ” , a d e p o s
by
t h e C la s s A a n d
b o n d h o ld e r s , a n d in d e e d th e r e w as n o
o c c a s io n to
RAILROAD NET EARNINGS FOR JANUAR Y.
W h ile
our
sta tem en t
Ja n u a ry , th e
o r a b le
have
fir s t
of
m on th
r a ilw a y
been
ex p ected
In
th e
p o r tin g rea ch es
per cen t ;
in
fr o m
gross
th e
th e
net
fo r
u n fa v
i t is n o t a s p o o r a s m i g h t
c o n d itio n s
d ecrea se
$ 3 ,4 4 1 ,2 1 7 , o r
th e
e a r n in g s
o f t h e y e a r , r e v e a ls
r e s u lts , o n t h e w h o le
v a ile d .
net
th e
on
w h ic h
th e
som ew hat
d ecrease
is
p re
road s
le s s
re
th a n
6
$ 1 ,2 2 2 ,3 2 6 , o r
7 ‘5 8 p e r c e n t.
T h e f a l l i n g o ff is n o t d i f f i c u l t t o u n d e r s t a n d .
ness w as
sta te.
ent
in a c t iv e
and
our
in d u s tr ie s
in
B u s i
a v e ry q u ie t
a g a in s t
m on th
o n ly
fo u r
h a v in g
c o n ta in e d
la s t y e a r .
fiv e
Sundays
B e s id e s t h is , t h e r e w a s,
a s p o i n t e d o u t i n o u r r e v i e w o f t h e m o n t h i n o u r is s u e
o f F e b r u a r y 1 3 , a la r g e c o n t r a c t i o n in t h e g r a in m o v e
m e n t |and a d im in u t io n
in
th e
liv e -s t o c k
$ 6 4 4 ,5 3 6
Pennsylvania!.................
Phila. & R. and C. & I ..
LelnVal.RR.and Co’ ICo.
Chic. Mil. A St. Paul. . .
Atoh. Top. & S. F e .........
Southern Paciflo.............
Canadian Paciflo...........
Central of New Jersey.
Wabash ................
Erie......................................
$ i l 3 ,0 0 0
408 ,0 7 4
33 1 ,7 3 6
3 19,173
247 ,5 2 5
2 40,792
1 61,874
1 54,352
141,749
121,457
D o r r o n tp a .
Total (representing
18 roads).................
$7 9 2 ,6 3 3
D ecreases.
Atch. Top.
S. Fe. . . .
Phil1*.
K and C. & I
Leh.Val.RR.andCoalCo.
*
*
51.763,774 i 5S.1B4.BM
89,852,901 42,071.792
Operating expenses....................
Net earnings..............................
14.9(0.8731 16,123.199
Erie......................................
Louisv. & N ashv.............
Canadian Paciflo...........
Balt. <k Ohio.....................
Southern Pacific.............
Central of New Jersey.
Chic. Mil. & St. P a u l....
Burl. Ced. Rap. & N o r ..
W abash...............................
Denver & Rio G rande..
Nashv. Chatt. A St. L .
Iowa Central....................
L ik e Erie & W estern ...
Minn. 8t. P. A 8. 8. M ..
$3 2 5 ,6 8 1
3 2 3 ,1 2 7
175,405
g ro s s , w ith th e
th e
s in g le
I n t h e n e t, b e s id e s
grou p s
th e
E a stern
are
a b le
to
e x c e p tio n
th e
and
th e
M id d le .
6-91
5-27
1.222,3'fl
768
b e in g o v e r 33 p e r c e n t.
M e x ic a n
g rou p th ree
g a in s
M id d le
The
The
th e
M e x ic a n
report
N o rth w e ste rn ,
r e c o r d s a lo s s
of
in
th e
n et,
W e ste rn
p oorest
m a d e b y th e a n th r a c ite c o a l ro a d s, th e
%
3,411.217;
2,218,691
$ 1 4 0 ,5 3 5
128 ,2 7 2
122,807
121,921
9 8 ,6 7 9
95,3 5 2
83,1 2 1
4 7 ,3 2 2
4 6 ,0 6 6
4 5 ,6 0 4
3 6 ,3 8 5
3 5 ,4 4 3
3 5 ,1 8 3
3 1 ,8 3 9
Total (representing
2 4 roads)...............$ 1 ,8 9 2 ,5 9 7
W h e n a r r a n g e d in g r o u p s e v e r y g r o u p
n a m e ly
PerCent
Total (representing
39 roads)___ _____ $ 3 ,6 8 3 ,3 9 8
t Covers lines directly operated e ist and west of Pittsburg; the net
on Eastern lines increased Bi2.40o and on Western lines $3,loO .
oth er
Amount.
$ 9 3 ,6 0 0
93,5 1 3
86,021
84,461
78,1 0 6
7 7 ,2 1 6
5 3 ,1 4 4
51,2 5 2
50,5 4 8
4 9 ,4 5 6
4 5 ,5 3 9
3 5 ,6 9 2
34,6 3 9
30,371
3 0 ,1 0 9
D ecreases.
$21 4 ,3 2 1
164,974
91,183
87,5 0 0
58,693
45,451
35,518
34,0 4 4
30,4 9 9
30.452
grou p.
Decrease.
gross
g a in s a b o v e $ 3 0 ,-
Burl. Ced. Bap. & Nor. *
Norfolk & W estern........
Louisv. & Nashv.............
Denver & Rio G rande..
Southern Railway..........
8t. Louis & Sau F r a n ...
Iowa Central....................
Minn. St. P. & 8. S. M ..
Nashv. Chatt. & St. L ..
Lake Erie <fc W estern...
Clev Cin. Cliio. & St. L .
Grand Trunk....................
Grand Rapids & Iod . . .
Elgin Jol. <fc E ast. ........
K an. City Ft. S.& Mem.
In crea ses.
Chic. Burl. & Q u in c y ...
Union Pacific........ ...........
Illinois Central...............
PennsylvaDiat ...............
Mexican Central.............
Northern Central ........
Clev. Cin. < hie & 8t. L.
Norfolk & W estern____
Mexican International.
Cin. N. Orl. <5c Tex. Pac.
a d v e rs e t o th e r a ilr o a d s .
January.
(134 roads.)
th e
m an y m on th s.
t Covers lines directly operated east and west of Pittsburg; the
gross on Eastern lines decreased $ 2 3 8 ,1 0 0 and on Western lines
$ 3 74,900.
P R IN C IP A L CH AN G ES IN N E T EA.RNING8 IN J A N U A K I ,
in
fo r th e m on th .
gross, m akes
Ifeoepen fip&)
Total (representing
9 roads)....................
m ovem en t,
fo llo w in g a re th e to ta ls
great
In cre a se s.
a n d t h e w e a t h e r c o n d i t i o n s a ls o w e r e in s o m e in s t a n c e s
The
a
lo s s in
PRINCIPAL CHANCES IN G R O S S EARNINGS IN J A N U A R Y .
Mexican Central.......... $ 2 5 1 ,6 7 0
Union P a c ific ..............
136,994
Baltimore & O h io .......
132,912
Chic. Burl.
Quin. . . .
79.0 2 4
Georgia & Alabama . . .
4 3 ,9 3 6
T h e n t h e r e w a s o n e le s s w o r k i n g d a y t h e p r e s
year, th e
$ 6 1 3 ,0 0 0
B e l o w w e s h o w a ll l o s s e s a n d a l s o a l l
B
n o t c o n c e r n t h e c o m p a n y a t a li.
h a v in g
0 0 0 b o th in th e g ross a n d th e n et.
say
a n y t h i n g , a s t h e m i t t e r is a n o u t s i d e a f f a i r w h i c h d o e s
p re
O n t h e o t h e r h a n d , t h e P e n n s y lv a n ia
and
s h o w in g
d ecrease
is
th ere
S o u th w e s te r n g r o u p a ls o
h a s a h e a v y r a t i o o f d e c l i n e , n a m e l y 2 7 -4 2 p e r c e n t .
SUMMARY BY GROUPS.
A n o t h e r fa c t s h o u ld b e r e m e m b e r e d
th e fr e s u lts .
in
in te r p r e tin g
W e a re c o m p a r in g w ith h e a v ily in c r e a s e d
e a r n in g s a y e a r a g o , o u r s ta te m e n t fo r J a n u a r y o f th a t
y e a r h a v in g r e c o r d e d $ 4 ,6 6 2 ,2 1 9
c e n t , in th e
gross, and
i n c r e a s e in t h e n e t .
in c r e a s e , o r
$ 2 ,3 2 8 ,2 9 4 , o r
The
fo llo w in g
1 6 -9 1
c a r r ie s
8 -9 4 p e r
p er cen t,
th e
com
p a r is o n s b a c k f o r a s e r ie s o f y e a r s .
Tsar and
number
o'roads.
Janutry.
1602 (124
1603 (125
1894 (135)
1395 fife)
1896 (1*1)
1897 (134)
Oross Earnings.
Tear
Given.
1
Tear
Increase or
Preceding. Decrease.
1
*
53.814,893 52,488,l? '1
55,860.995 55.10P.108
47.06+389! 54.127,817
48 978,'PC* 4 8 /7 1.V4r>
66.820, :78| 52 153.05 *
64.753.7711 58.194.99
*
Net Eaminos.
Tear
Given.
1
1
1
+1.146
13,* 42.051 14,323.177
-8«1,126
+700,887' 13,361,256 11.632,255 -1,320,9. 9
-7.077.168 11.63 UP6 12,765.024 -1,131 *.'8
+990.215 13.22o.87H 12.123.398 + 1.096.975
13,76+251 +2.828 294
+ 4.662.819 18.098,?
-3.441.2 7 «4.uO“.R7H 16.123 W9 —1,222,326
O u t o f t h e w h o le 1 3 4 r o a d s w h ic h
r e tu r n s t o o u r ta b le s , o n ly 4 3 s h o w
gross.
Tear
Increase <r
Preceding. Decrease
h a v e c o n tr ib u te d
a n in c r e a s e
in
th e
In th e ca se o f t h e n e t th e n u m b e r o f in c r e a s e s
is s o m e w h a t la r g e r , b e in g 6 8 , t h is
r e s u ltin g
fr o m
th e
e c o n o m i e s in o p e r a t i n g f o r c e d u p o n m a n y o f t h e c o m
p a n ie s .
The
in
T h e r e a r e v e r y fe w in c r e a s e s f o r la r g e a m o u n t s .
B u r lin g t o n
gross,
&
$ 2 1 4 ,3 2 1
Q u in c y
in c r e a s e
has
in
$ 7 9 ,0 2 4
n et;
th e
in c r e a s e
U n io n
P a c i f i c $ 1 3 6 ,9 9 4 i n c r e a s e i n g r o s s , $ 1 6 4 ,9 7 4 i n c r e a s e in
n e t ; a n d t h e M e x i c a n C e n t r a l $ 2 5 1 ,6 7 0 i n c r e a s e i n g r o s s ,
Section or
Group .
Gross Earnings.
1897.
1890.
January.
*
1
Trank lines..<13 15,185.303 10,058,111
Anthra. coal.(9;
6,919,272 7,890.106
Bast. A Mid.(12> 1.477.525 1,496,796
Mid. West*11.(20) 3,338.816 3.520/0
8orthwest’n.(9)
5.798,675 6,254,117
8oathwest’n.(13
4,270.888 4.738.069
Pacific Coast (18) 7.858,629 8/90,116
Southern— (36) 8,071.722 8,384,316
Mexican........(4:
1,888,161 1,556,640
Tnt_ (134 r’da) 64,753,77*
68.194.991
Net Earnings.
1897.
1896.
Inc. or Dec.
*
—171,381
—598,090
+05,310
+22,745
+17 10?
-405,311
- 2 0,742
—3+252
+94,22d
P. 0.
401
33*07
19*40
214
0*84
27*42
8-05
1*37
1525
14 900.873 10.123.199 -1.222,320
7-5 8
*
3,517.851
1,179,183
401,012
1,085.315
2,001,860
1,073,144
2/24,274
2.617.179
712,066
*
3,719.232
1.770.273
336,096
1,002.5:0
2,04 4 /97
1,478,455
2,435/10
2,653,431
017,82*
IMPORTS AND EXPORTS OP GOLD AND
SILVER AT SAN FRANCISCO.
Through the courtesy of the Collector of Customs at San
Francisco we have received this week the details of importa and exports of gold and silver through that port fer the
month of February, and they are presented below, together
with the figures for the preceding months, thus completing
the results for the eight months of the fiscal year 1896 97. The
imports of gold were small in February, the amount re
ceived reaching only $58,894, of which $1,098 was in coin, and
of silver there came in $112,223, of which $108,741 was bullion.
There has been received during the eight months a total of
$9,238,578 gold and $1,547,155 silver, which compares with
$677,995 gold and $1,299,517 silver in 1895-96. The ship
ments of gold during Febiuary were $2,940, all coin, and
IHE CHRONICLE.
550
tii.* ex p ort of allv.-r have been $891,1-33 coin anti $984,$48
bti'.Uon
For tin- <i. lit montiiB the exports of gold have
beet, $913.21$, again* F> 4,588 to 1896*90 and $6,928,611 silver
hju
out, iigaiast $3,739,313 in i8t*5-90. The exhibit
for F. brtiary and the eight months is as follows :
a tran - or oou> t t o Huron at ban ratsoisca.
SILVER
GOLD,
atoirrii*
j B u llion j Total.
Coin.
$
I
11196*9?.
79.403
8,72S| 703190,
JtotjF ---47,318
6,23$
1 41.089
ABVtWb,;
September 9,072,409 112,100 2,184,509
51,441
2,430.709
$379,268]
Gtst«b*sr.,..
N#rorolH>r, 2,182,084 123,1* 8:2,306,092
I>*c<-»t>>er. 1,94 8.29 \ 180,650 2,087,951
43,712
7,980 35,73a!
J w u tw r...
58,894
1,008 57,790
February-
B u llion .
Coin.
Toial.
9
l i ,8 6 7 ‘ 209,231
4,264
e 0.029
10,035 118,099
13,902 237,039
76,511 123,629
127.094 177,058
10,879 225,11 5
3.482, 108,741
229,098
84,293
129,1 34
250,941
20 0,1-0
305,352
236.044
112,2*3
T M -Stto* - 8,t 06,1190 831,582:9,248,57B 1 207,864,1,279,591 1,547,155
■ STOATS OF GOLD A.HD SILVER FROM SAN FR\NC!SCO
SILVER.
GOLD,
MOTHS.
^1896-07.
B u ll'n
C oin.
An Just—
September
O ctob er.. .
November.
December.
January February..
2oS,105
259,3 IS
8,280
58,036
55,885
215,621
105.252
2,940
Fot Smog..
911,334
9
1,400
150
332
1.882
Total.
Coin.
B u llion .
Total.
487,620
274,371
734,080
267,002
324,980
751,350
512,540
542,910
$
621,486
377,662
791,640
454,133
707,815
2,329,800
7 1,030
934,848
9 1 3 ,2 .6 3,033,661 3,B94.853
6,928,514
9
131,866
200,105
103,*91
259,315
57,560
9,680
187,131
58,180
382,835
5 5 ,8-5
215,853 1,578,550
198,490
105,252
391,938
2,940
$
J ^ o u e ta x * g s @ b m m e rcta l;£ n 0 H s h il ei> s
L o n d o n , S a t u k d a v , M a r ch 6th, 1897,
[From o a r ow n correspondent.]
The political anxiety this week is keener than before. The
concert among the Powers is well maintained, hut there is a
strong fear that Greece will refuse to yield to the demands,
and that force will bare to be applied. Beyor d all question
the sympathy with Greece is exceedingly strong in this coun
try, in France and in Italy. Indeed, it is so strong in Italy
that volunteers are leaving in considerable numbers for Crete.
If British, French and Italian ships are employed against
Greece, there is a very serious danger that public opinion in
these three countries may declare b o strongly against the
pUicv pursued that the three governments may be unable to
act wiih the other Powers. If that happens, nobody can
foresee what may be the result.
In t h e c i t y th e b e l i e f is s t r o n g th a t s o m e h o w o r o th e r p e a c e
w ill b e m a in ta in e d .
th e r e is a v e r y
I n p o litic a l c ir c le s , o n th e o th e r h a n d ,
fe r v e n t h o p e
th a t t h e c i t y m a y be r ig h t , bu t
t b e ie c e r t a in ly is n o t m u c h c o n fid e n c e .
[V o l . LX IA,
is doe to the slackness of business because of political uneasi
ness and partly to the belief that in a week or ten days the
Government expenditure will exceed the Government receipts.
Tbe revenua promises to exceed the budget estimates of last
April by at least one million sterling, if not more, and will
probably exceed last year’s receipts very considerably. From
all of which it is clear that the country is in a very prosper
ous state. And although trade has been somewhat affected
by the political apprehension, it is still very good.
The silver market is very quiet and the demand for India
Council drafts has fallen off. The Bank of Bombay reduced
its rate of discount on Thursday from 12 per cent to 10 per
cent, and though the Bank of Bengal has not cha- ged its
rate, it is increasing its reserves. It appears, therefore, that
the worst of the stringency is over. Owing to the plague, the
export of cotton from Bombay is very trifling this week, and
unless the plague abates and quarantine regulations are re
laxed, it seems probable that tbe exports for some time to
come will not much increase. The rice exports from Burmah
are large, but they are expected to end early in April,
Therefore the demand for moving the crops will very soon
terminate, and then the rate of exchange is certain to decline.
Business upon the Stock Exchange is almost at a standstill.
In spite of the dividend payments last month and the month
before, members of tbe Stock Exchange complain that buying
is on a smaller scale than it has been since 1898 Speculation is
almost at an end, or, perhaps it would be more correct to say,
what speculation there is is for a fall. There would seem
to be a very considerable bear account in the market for
South African shares. The news received from Johannes
burg by the great mine owners here has been exceedingly
bad during the past month or so, and consequently the great
houses have been selling on a large scale. That a good deal
of the selling is purely speculative is highly probable, if not
certain ; but prices have been driven down iu every direction.
The public is utterly disheartened, and tbe fall in the South
African market has helped to intensify the stagnation every
where else.
In the American market there is more disposition to invest
than there has been. The public has been waiting to see what
kmd of Cabinet Mr. McKinley would form and what policy
be would announce. His inaugural message has made an
exceedingly good impression here. It is hardly probable,
however, that there will be much activity in the American
market until there is some possibility of forming a judg
ment as to politics. ;
In consols, British railway stocks, colonial bonds, and the
like, there is practically nothing doing. But it is remarkable
that m Continental securities there has been exceedingly little
fall, always excepting, of course, Turkish, Greek, Spanish,
Italian and tbe like. The business public in London and at
the great Continental centres, though very anxious, does not
take so gloomy a view as politicians. They believe that some
how peace will be maintained.
The following return shows the position o f the Bank of
England, the Bank rate of discount, the price of consols.
&c., compared with the last three years :
Th« altitude assumed by President Kruger too, is giving
rise to not a li'.tle ureasiners Whether it be for election
purposes, or because he is no long*r able to keep the burghers
in hard, the President is certainly much less amenable to
reason than be was last year. Even those great mine owners
who opposed the raid most vigotouely and supported Prtsi.
dent Kruger's government are now complaining that the
Piesid.nt refuses all redress of grievences. He promised to
1895.
1896.
use his influence with the Netherland Railway Comnany to
1884.
1897.
M arch 5,
M arch 4.
M arch 0.
March 7.
re due- tl e. coal rate to a penny per ton per mile, which would
£
£
£
£
have given a relief of about 5b. 6d. per ton in the price. C ircu lation ................................. . 26,074,585 26,373,990 25,071,110 2t.23fi.4S0
Public d e p o s it s ................................ 16.*. 09,169 13,00 1,835 10,891,280 10,4*8,396
N w be propoBfB to give a relief of only tenpence, and O
82,167,701
47,120,514
37,311,904
th er d e p o s its ................................ 89,780.829
the mine owners assert that that is utterly insufficient. G overn m en t s e c u r itie s ....... .
14,410,858
12,469,488
8,888,583
15,157,323
24,343,7.55
So again, he has promised a subsidy to education at Johannes O th er Beourities ............................. 80.338,084 27,956,967 19,539,330 22,693,130
28,915,720
40,888,159
R e se rv e o f n o te s an d o s ln ......... 29,754,991
burg, hut instead of making English the language, as he was O oln& b u llion , b o t h d ep a rtm ’ts 89,029,570 48,957,119 37,180,330 80,328,585
60 15-16
61
1
3
-L6
67 11-10
52
15-16
understood to promise a little time ago, Dutch ia to be taught C rop, re s e rv e to lia b ilitie s ., p. c.
s
2
3
2
as - .on a* the children are for ward enough to learn it. Natur B a n k rate . .. . . . . . . . . . . p e r c e n t .
1 0 4 $ x d 99 7-16 X a
109« x d
Con sols. 2U per c e n t ...................
m u
ally Johannesburg complains that English is to be proscribed Silver
................... ..
31 15~10d,
» % i.
■nua.
20 « 4 .
and Dutch to b made the language of the whole community. Olertrinsr-House r e t u r n s .. .. . .. . 177,852,000 190,038,000 161.7c 8,000 131,402,000
Tn-tt,-r ain, there is some disquietude about Cuba. The
The rates for money have been as follows :
Sp ii Mi authorities have utterly failed to put down the in*
In terest allowed
Open M arket H ates.
fo r deposits H
surr- cti. n, and havealgo failed to take ad vantage of President
T rade Bills
§
Hank Bills,
Cl v. land’* forli*■»rare* and to come to some kind of settleDisc't. U se
*
«>• r r, Nidu ally flu refore, it in feared that the Cuban ques
A t 7 to 14
F
o
u
r
Stock
S
ix
Three
F
ou
r
Three
Six
&
tion rp
c o m - ii , in a more acute stage. Lastly, though it
M onths Months M onths M onths M onths M onths Banks. Call. Bays.
is hr liev. i tb-t the plague is somewhat abating in Bombay, Feb. 5 3 m m m m m m
1M m
2
2
m
m
1H
1M
*•
its 3
it l-,<c, rt.'.in that ib<* famine is becoming more severe. Every
m m
m
m m
m
m m
m
W
1M
2
2
*• 19 3
m
m
m
l Ml 3-16
m
da? ’ he » u«n W employed on the relief works is growing
*■
2
26 3
2
IMS m
1 13-16
ns
1%
m
larger.
M ar. 5 3 19-101* 1-0-1 a 96 l 9*16
IU
m
m
IX
m
Although the revenue is being collected at a rapid rate and
* 1 13-16® !}*
„,i r. fully, money is very cheap. For example, the
The Bank rate o f discount and open market rates at the
rate for three months’ bills is barely 1 ,, per cent, Partly this chief Continental cities have been as follows:
MAhCH
TH E
20 ts»7.j
Feb
March 5
Hate* of
Interest at
Btmk
R ate
Market
Bank
R ate.
Open
Market
Bank
R ate.
Open
Market
Bank
R ate.
Open
Market
2
m
IK
2%
2%
2
4
IK
2K
2H
2
2H
4
3
<H
2%
2%
2H
Shi
2H
2%
m
5%
Open
V
Hamburg......
3%
3%
3%
Amsterdam....
Brussels-------Vienna......
3t. Petersburg.
Madrid. ..
3
4
■»
5
OoDenhfifl-er!.
i
Feb 12.
Feb. 19
26
m
4
3)^
m
24
3
m
«
■*
«
SK
3^
5H
i
i
1
4
‘ hi
2
3
4
i*
5
4
4
4
4
3
4
55 i
C H R O N IC L E ,
*
*
2 hi
3*6
5%
5
4
NATIONAL BANKS ORGANIZED.
o f MoDouald, Pennsylvania.
Capital. $60,000. John P. Scott, President; A lexander J.
M cDonald, Cashier.
5 059—The Cambria National Bank o f Johnstown. Pennsylvania.
*
capital $100,0*0. Benjamin F. 8 peedv, President; A. J.
Haws, Vice-President; David Barrv, Cashier.
5 ,0 6 0 -T h e Simpson National Bank o f Eagle Pass, Texas. Caoital,
$70,000. M. L, Oppenheimer, President; S. P. Siinpsou, Jr.t
Cashier
,
_
5 061—The First, National Bank o f Summit. New Jersey. Caoital.
$ 0 .0 C 0 . William Z. L am ed, President; Bradley Garretsou
Cashier.
^
5 062—The First National Bank o f E:lw*rdsville. Illinois. Capital,
$50.o00. August Sohiafly, President; Edward P. Keshner,
Cashier.
5 058—The People’ s National Bank
L IQ U ID A T IO N .
4
2 873—The National Bank of Troy, New Y ork,has gone into v olun tary
Messrs. Pjxley & Abell write as follows under date of
liquidation by resolution o f its stockholders dated November
16, 189>.
March 4 :
3,522—The Merchants’ National Bank o f Redlield, South D (kota, h a 9
Gold—There are no changes to report in the gold demand, and the
gone into voluntary liquidation by resolufioa o f its stock
East continues to be the chief buyer. D uilng the past week the Bank
holders dated January L2, 1897, to t ik e ^ftj ot Feb. lb , 1897.
has received £65.000. while to-day £50,00 0 has been withdrawn, 4,031—Th-' First National Bank of Goldeudale, Washington, has goae
chiefly for South A m erica. A r riv a ls: South Africa, £27*2,000; R iver
into voluntary liquidation by resoluti »n o f its stockholders
Plate, £ 8 ,0 0 0 ; West Indies, £48.000, Total, £328,000. Shipm ents:
dated December 17, 1896.
Calcutta. £ 2 0 ,5 0 0 : B om bay, £ 2 0 ,5 0 0 ; Japan, £162,000.
Total, 4,187—The First National Bank of Chester. Illinois, bas gone into
£2 03 0 0 0 .
voluntary liquidation by resolution of i s stockholders dated
Silver—The m arket w as slow ly declin ing on continued Chinese sales
January 12, 1^97, to take effect February 15, LS97.
when the announcem ent that the Japanese iovern m eu t had decided 275—The First National Bank of Iona, Michigan, has gone into volun
to adopt a gold standard, at a ratio o f 32% to 1, caused heavy selling
tary liqidatiou by resolution o f its stockholders dated March
in N ew Y ork, and the price fell to 293sd., at which the market has now
2 ,1 8 9 /.
a steadier appearance. The B om bay price to-day is not to hand. Last 3 7 3 9 -T h e First National Bank of Sturgis, South D akota, has gone
price, Rs. 8 0 1«. A rriv a ls: New York. £ 1 9 5 ,0 0 0 ; West Indies, £30.000.
into voluntary liquidation by resolution of its stockholders
Total, £ 225,00o. Shipm ents: Calcutta, £ 8 2 ,5 0 0 ; Bombay, £ 4 6 ,5 0 0 ;
dated February 15,1897.
H on g Kong, £ 5 ,0 0 0 ; Australia (coin», £29,600. Total, £163,600.
4026—The Cointneroial National Bank o f Roanoke, V irginia (hereto
M exican Dollars—These coin for the present m ay be quoted at 11-lGd;
fore reported as in the h a n d set a receiver). h*s gone into
under bar silver, m aking the price to-day, 28 ll-1 6 d . Shipments *
voluntary liquidation by resolution o f its stockholders dated
H on g K ong, £19,962.
February 16. 1897.
4476—The City National Bank of Streator, Illinois, has gone ieto v ol
The quotations for bullion are re »’>rted n follows:
untary liquidation by resolution o f its stockholders dated
January i2 , 1897, to take effect January 13,1^97.
Feb.
Mar. Feb.
S IL V E R .
Ifar.
4526—The Snohomish National Bank, -nohom ish. Wash . has gone
G o ld .
Lout ton Standard
4
25
25.
4.
into voluntary liquidation by resolution of its stockholders
London Standard.
dated February 13, 1897, to take effeot February 25, 189 7.
d.
s. d. 8 . d.
4707—The Mercantile National Bank o f D tlU s. T exas, has goue into
voluntary liquid u ioa by resolution o f its stockholders dated
Bar gold, tine— oz. 77 10 77 10% Bar sliver, tlne...oz 295*8 29%
Bar silver, oontain’ g;
Bar gold, narting.oz. 77 :0% 77 11
February 27, 1897.
do 5 grs. g old.oz.-2 97s 30%
IN SO L V E N T.
Spanish, o l d . . . . aaoz « 0 % 76 0 %
do 4 grs. gold oz 2 9 11 a 301,«
l% 7 6 1 %
New..................«oz.
8
6
8
—The
National Bank of Potsdam, New York, was on March 2,
do 3 grs. gold .oz, 29 % 2P78
5% 76 5%
0 . 8 . gold c o in ...o z .
1897. placed in the hands o f fosiah Van Vranker. Receiver.
32%
3%;76 3% Cake silv er.. .... o z . ; 3 i n
Germ’n goldcoim oz.
2,476—The Northwestern Natioual Bank o f Great Falls, Montana,
33*176 3% M exioan d ollars.ozJ28% 29
French gold coin.oz.
was on March 6 , 1897, placed in the hands o f James B.
Lazear. Receiver.
The following shows the imports of oereal produce into
I m p o r t s a n d E x p o r t s f o r t h e W e e k . —The following are
the United Kingdom during the first twenty-six weeks of
the soason compared with previous seasons:
the imports at New York for the week ending for dry goods
Mar. 11 and for the week ending for general merchandise
Mar. 12: also totals since the beginning of the flrst week in
1893-4.
1894-5.
1896-7.
1895-6.
January.
Iraportsofw heat,ow t.35.699.810 33,139,660 33,634,966 29.611.069
F O R E IG N IM P O R T S A T N E W Y O R K .
IM P O R T 8.
B a rley .......................... 14,300.670
Oats.............................. 9.699.730
Peas.............................. 1,931.278
Beans........................... 1.724.150
Indian corn................. 30.798,330
F lo u r ............................11.960,860
14.066,950
7,089,840
1,553.690
1,977,032
23,342,700
10,997,570
16,021,^54
7,586.537
1,322.459
2,364,982
13,035,114
10.398,930
17,687.651
7.142.860
1,469.626
2.817,567
16,212,557
9.725.468
Supplies available for consumption (exclusive of stocks on
September 1):
1896-7.
1895-6.
Wheat im ported, o w t.35,699,810 33,139.680
Im ports o f flour........11,960.860 10,997,570
Bales o f hom e-grown. 14,107,293
8,386.602
1894-5.
33,634,966
10,398.930
11,522.960
1893-4.
29.611.069
9.725.468
12,937,634
T ota l.......................81,767,953 62,523,832
1^96-7.
1895-6.
A ver, price wheat, week.28s. 2d.
25s. 6 d.
A verage prloe, season ..2 9s. 4d.
25s. Od.
55,556.850
1894-5.
19s. lOd.
19s. 9d.
52.274,171
1893-4.
24s. 5fl.
26s. 6 d.
This week.
W heat.............. q r s ... 2 .0 0 .000
Flour, equal to q r s ... 275,000
Maize............... q r s ... 960,000
1896.
2,321,000
432.000
832.000
1895.
3,304.000
240.000
299.000
For week.
1896.
1897.
1894.
1895.
$2,877,582
6.558,2711
$3,867,116
8,363,669
Dry g ood s___ _
Gen’l m er’dlse
$2,578,960
6.832.503
*1.857,830
9,117,498
T o t a l........
Since Jan. 1.
Dry g ood s.......
Gen’l mer’ dlse
*9.411,403
$9,435,853
$12,230,785
*10,975,378
*25.195,097
08,559,634
$32,437,900
68.198,357
$35,804,478
66,-31,057
*19,948,331
64,094,725
Total 10 weeks
$9 -.751,731 *100.636,266 *102,735.535
$34,043,056
The imports of dry goods for one week later will be found
in our report of the dry goods trade.
The following is a statement of the exports (exclusive of
from the port of New York to foreign ports for the
The following shows the quantities of wheat, flour and specie)
week ending March 15 and from January 1 to date :
maize afloat to the United Kingdom :
E n s lls li
Lout week.
2,135,000
330,000
930,000
F in a n c ia l
T la rk e tw — P e r C a b l e .
EXPORTS
FROM N EW Y O R K F O R T H E W E E K .
1897.
For the w eek ..
Prey, reported
1896
$7,015,831
70,050,080
1895.
*0 ,5 4 5 ,2 2 !
69,458.319
1894.
$8,507,357
59,584,655
$8,116,155
65,150,507
The daily closing quotations for securities, &c., at London Total 10 weeks *77,065,911 $78,003,545 $68,092,012 $73,266,662
are reported by cable as follows for the week ending Mar. 19
The following table shows the exports and imports of specie
at the port of New York for the week ending Mar. 3 and
Sat.
L ondon .
Mon.
Tiies.
Wed. Thurt.
Fri.
since January l, 1897, and for the correspouding periods in
281516 2850
Silver, per ounce....... d. 29>,s
1896 and 1895:
28-1,6 28»,R 28%
Consols., new, 2% p.ots. 1121,6
F or account ....... ... 112%
Fr’chrentesdn Paris) fr. 102 95
Atch. Top. & Santa Fe
1459
Do
do
pref. 23%
Canadian P acific.......... 53%
Chesapeake A Ohio___
18
795a
Ohio. Milw. & 8t. Paul
Denv. A Rio G r .,p re f.. 42
Erie, c o m m o n ............... 14%
1st p referred ............
34%
IlUnoIs Central.......
95%
Lake Shore
............... 174
Louisville A Nashville
50%
Mexican Central, 4s
70
Mo. Kan. A T ex., com.
13%
N. Y. Cenr’ l A Hudson 101
N. Y. Ontario A West’ n 15%
Norfolk A West’n, pref
No. Pac. p re f., tr. rects. 38%
P ennsylvania................ 54%
Phila. A Read., per sh.. 13>S
Sonth’n Railway, com ..
9%
Preferred..................... 28K
Union P ad tin.................
7 ‘8
Wabash, preferred....... , 16*4
1121,6
1123,6
103-50
145s
23%
53%
18%
7il%
42
14%
| 34
96
174
50%
70
1314
101 %
15%
39
54%
13%
9K
29
7>s
16%
112%
1123m
x02*25
14%
23%
53%
18%
80
42%
1459
34%
97%
173%
51
70
13%
101%
15%
I l l ’s
112
02-17%
14%
23%
53
188,
79 %
42%
14%
34
98 %
173%
50%
0 K
13%
101%
15
3 8 7a
54%
13
9%
29b)
7
16
38%
54%
12%
9%
29%
7
15%
l l l ) 3 , e 111%
11U 5, a 11116,6
102 30 102-4*,
141.2
14%
23%
52%
51%
is %
18%
80
80%
42%
42
14%
14%
34 %
34%
98%
98%
174
50%
50%
69%
69%
13%
13%
101% 102%
15
15%
29
38%
38%
54%
543s
12%
12%
930
9%
29%
29%
7
7%
15%
15%
EXTORTS AND IMPORTS OF SPECIE AT NEW TO UK.
Gold.
Exports.
Week.
Great B rita in .........
France......................
Im pavii.
Since Jan. 1.
$116,000
$434,245
West In d ies............
M exloo.....................
South A m erica.......
All other countries.
n ’oou
380,040
Total 1897.........
Total 1896........
Total 1895.. .
$127,000
12.500
146.501
Silver.
Since Jan. 1.
$10,177
8 7‘, 480
$142,878
859
1,517
10
695,604
21.841
88.860
42,921
$901,771
12,440,985
28,763,849
$145,251
42.98 b
1,360,955
♦8 *>8.916
17,. 50,000
9.445.172
Exports
Imports.
Week.
Since Jan. \.
$1,037,750
$8,362,539
431.000
5,750
27,436
(C om m ercial and I^ is c c lla n c o n s 3Jeu»s
Great B r ita in .........
France......................
Germ any..................
West Indies.............
M exloo......................
South A m erica.......
AH other countries.
N a t i o n a l B a n k s .—The following information regarding
national banks is from the Treasury Department:
Total 1897........
Total 1896........
Total 1895........
$1,038,783
1,015.244
4*2.687
1,033
Week.
11,475
$8,838,200
10,434, *70
6,136.324
Week.
Since Jan. 1.
$545
$1,406
11,215
*T,dbo
79
48.615
228.215
150,760
4,225
$12,700
98.705
15,684
$433,390
501,445
277,962
552
TH E
i
HKOxMCLE.
3 im port?* f o r t h e w e e k in 1897 |37.,908 w e re
Of
O f th e
A m e r w n n g tm c o i n a n d §282 A m e r ic a n s ilv e r c o i n .
t h e s a m e t im e §11,000 w e r e A m e r ic a n g o ld
I VOL. L X l\
Wheat;
bash.
In store at—
On Mississippi River.
Oats
bmh.
r o.ooo
Com,
bush.
U'8,000
Kansas Ott y ..........
870,OoO
B OUraore — .............,
537,000
M inneapolis..........,,,..15,495,000
822.000
&
22,000
13,528,000
!,3,723,000
7,419,000
0,350,000
2*509,000
3.010.000
3.571.000
1,4*17,000
293,000
449,0U0
271.000
2,225,000
73,090
205,000
.......
IH*,
bmh.1
22,000
Bariev
bmh.
86,000
On o a u a l^ iid V tv o r! ** ’ ” I.**’ ’
d r o n d s tn lto F ig u r e * I t r a a x k t F r o m
PtMfe .5 7 T.— i h e
it e t e m e n t a b e l o w a r e p r e p a r e d o v u s fr o m t h e fig u r e s o f th e
N e w Y o r k P r o d u c e E x c h a n g e , ‘ W e first g i v e t h e r e c e ip t s a t
W e - t e r n ! ik e a n d r iv e r p o r t s , a r r a n g e d s o aa t o p r e s e n t t h e
o o m p a r a u v i* m o v e m e n t f o r t h e w e e k e n d in g M a r ch 18, 1897,
a n d Id .toe V u g u at 1 . f o r e a c h o f t h e la s t t h r e e y e a r s :
j
W h e a t,
'fl o u r .
t jf t i*.
m a *
O o f*.
H u s h , r n l b s 1B w h M
B m h M tb *
B a r le y .
ib s
B m h . 4 8 lb s
R y e .
B u s h .5 6 lb
C h ic u g A .. -
0 0 .1 1 1
1 .0 8 7 ,1 5uj
1,-8 73 ,4 8 3
2 5 1 ,8 1 0
3 5 .5 2 0
M ilw a u k e e
8 5 ,6 0 0
7 ,1 5 0 j
l ‘2 1,0 0 0
16 8 ,4 0 0
1 3 ,2 0 0
.....
3 4 4 ,7 3 7
5 .8 0 0
1 4 ,7 5 1
I f,I K 8
1 6 ,4 3 1
3-1,00!
4 7 6 .7 4 "
D u lu th
M m s s m p ll#
T o t © 4 o .......
D e t r o i t -----C le v e la n d
U 00
1 0 ,0 0 *
S ll>
s .» r t
.-
S t . L o t t lf..
m *m
P e o r ia .,..- .
0M -
j
1 6 .2 0 0
S .2 0 1
1 7 ,0 0 -
ic ..o e s |
2 3 ,0 1 5
2 0 .3 2 1
ia ,:t s t
3 1 ,0 0 0
7 6 3 ,8 1 0
20 0 ,a . 0
3 0 H ,* f0 ;
2 2 1 ,1 ( 0
2T 8 ,0 0 0 j
9 7 ,0 6 0
.........
■ U.7S.
1 ,4 5 4
1 9 ,3 0 0
....
1 5 0 .il 0
1,502.012 •
■ 3;0 5 7 ,2 n )
2 ,8 8 2 ,0 3 5
5 50 *6 34
6 8 ,8 0 9
I S O .S :^
8 .S M h ftt
9 9 ,4 7 4
1 8 9 .7 M
s .s ii.t r .i
1 ,9 3 9 ,3 8 4
9 S » ,0 I 8
1 > « .* » !
a .5 U 5 ,T * 2
1 ,3 5 3 .1 0 3
2 7 0 ,7 : 0
4 6 ,0 5 6
* ,0 :2 3 .0 (8 1 2 4 ,5 8 5 ,1 2 2 1 0 9 ,7 7 1 ,0 1 : : 1 1 9 ,5 1 6 ,0 0 1
3 2 ,4 3 0 ,0 i6
5 ,8 1 1 ,9 7 4
T © t.w k .h > 7
S a m e w k .m :
M m * AugC *
18 P 6 -9 7 .
...
7 , SCO, 3 0 6 1 5 7 ,0 1 6 .4 4 1
8 1 ,9 5 0 ,8 8 2 j 9 5 . 6 W . 7 3 7
3 1 ,8 0 3 ,9 2 6
2 ,8 9 9 ,8 1 0
1SSM - 0 5 .,,
8 .1 1 5 ,1 5 - 5 U 8 .I S 3 .0 7 0
5 1 .6 5 * , 4 1 “ i 5 9 ,0 4 7 ,7 5 6
2 8 ,3 1 4 .7 4 1
1 ,9 1 1 ,9 1 0
T h e r e c e ip t s o f flo u r a n d g r tin a t t h e s e a b o a r d p o r t s f o r t b e
w e e k e n d e d M a r c h 13, 1897. fo l l o w :
M o n t r e a l , - ..............
P h i l a d e l p h i a ...........
B a l t i m o r e . . — . . . ..
R i c h m o n d ... . . . . .
N e w O r l e a n s * ......... . .
N o r f o l k . . . . . ___. . . .
M e w p o r t N e w s - ,.. ..
3 4 ,0 2
3 6 ,3 8 0
2 ,( 36
1 0 ,9 3 0
4 2 9 .2 7 0
3 3 5 ,7 8 0
2 2 ,0 0 0
1 0 ,5 5 0
B a r le y ,
b m h .
8 M .& 0 0
1 3 1 ,0 0 3
1 1 2 ,2 0 5
7 8 ,4 9 5
8 2 .2 2 3
1 2 ,1 0 0
4 9 ,4 9 8
p .im
1 1 0 .8 4 5
S .i‘00
1 .5 1 0
0 7 ,(0
P o r t l a n d , M e -----S t , J o h n * N . B ..........
b m h .
5 ,5 5 0
K 9 .7 2 3
0 ,1 5 7
1 0 4,7 i8
II
b m h .
b b h .
.
Com ,
ir h e a f.
M lm tr ,
R e c e ip t4 a t —
N e w Y o r k . , , , .........
T 2 0 8 .9 0 8
2 7 .0 5 2
1 ,4 7 1 ,7 5 0
13 0 ,0 0 0
i 47,0 0 0
3 0 9 ,1 1 3
1 3 7 ,4 7 5
4 ,8 2 5
10 ,0 0 0
R v c ,
b u sh .
_
1 7 .5 2 5
S ,o :9
5 ,8 0 0
3 1 ,8 2 1
.......
20.OO0
,.
3 8 ,2 0 0
5 ,8 0 3
T o ta l w eek .
S 3 0 .4 2 7
3 0 2 ,2 0 6
Week Itm ,
6 .8 09*208
1 .3 1 3 ,8 9 3
1 5 7 ,8 0 0
240,175
03,291
5 9 ,7 0 6
•U c f-h -r. 4
n o t Sae!**de> grata passing through New Orleans for foreign
porta on through bills o f lading.
g
T o t a l r e c e ip t s a t p o r t s f r o m J a n . 1 to M a r c h 13 c o m p a r e as
f o llo w s f o r fo u r y e a r s :
18 9 5.
18 0 7.
1896.
Rsmipts ©/ 18 9 4 .
bu
,.
..
..
..
§ ° .s
Barle
Rye...
sh ,
**
**
**
2 .9 4 1 ,1 0 7
3 ,0 1 7 ,5 C 7
2 ,7 8 2 ,0 3 7
3 ,2 9 8 ,3 5 9
i , 0 4 1 .^ 5 1
4 ^ ,2 9 5 .1 7 5
1 1,« X » 5 .U 7
1 ,^ 8 7 3 0 8
1 ,1 4 5 ,9 0 8
2 ,7 0 0 ,4 9 0
.
0 ,9 1 6 ,3 8 2
1 ,2 4 0 .2 1 8
2 2 0 ,3 9 3
3 ,1 2 8 ,4 4 8
4 ,8 0 0 ,3 2 7
5 ,4 0 4 ,8 0 1
8 7 0 ,1 8 0
7 6 ,( 0 1
2 ,2 7 8 3 5 7
1 4 ,4 1 1 ,9 - 4 2
5 2 0 d .3 1 2
1 ,1 5 6 ,9 5 5
4 0 ,1 9 1
2 5 ,8 3 8 .5 7 3
1 4 ,1 0 0 ,1 2 0
2 3 ,1 4 9 ,2 5 7
T h e e x p o r t s fr o m t h 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 a rch 13. 1897, a r e s h o w n in t h e a n n e x e d s t a t e m e n t :
W h e a t,
C orn ,
flo u r ,
o a ts
R y e ,
Peas,
Barley
Export* from - bmh.
b b U .
b u sh .
b u sh .
bush.
bush.
btish.
N *w Fork
B o s t o n .... . . . . .
P o r t l a n d .:....
Philadelphia..
B a ltim ore____
N ew O rleans..
N o rfo lk ...........
ffe w p Y t N ew *
M o n t r e a l..,,..
G a ir e s t o n ...,
227,004
120,013
0 3 8 ,2 7 2
,983
2 0 2 ,9
8'
' 22,CN>0
0 1 3 ,5 2 3
0 3 0 .0 5 3
0 5 5 ,6 7 9
4 3 0 .0 0 0
0 4 7.0 0 0
4 0*550
3C0fil3‘
2 8 ,4 1 8
T ota l w lc ..." 0 5 . 9 8 5 5 ,0 8 7 ,2 2 2
g a m e t i m e *9 6 .
5 2 4 ,2 2 8 2 ,0 0 5 ,9 1 7
8 2 ,1 4 1
1 0 ,8 7 0
5 ,8 0 3
9 ,8 7 0
5 1 ,8 1 7
2 ,5 8 2
4 7 5 ,5 1 7
4 0 ,7 5 0
3 8 ,2 9 0
* ......
3 0 ,0 0 0
19 5
0 7,0 0 0
2 0 ,0 0 0
2 1 0 ,1 2 5
2 1 9 ,2 9 5
6 0 1 ,7 8 2
1 3 ,7 3 0
8 ,9 9 3
1 8 ,4 5 9
........
4 ,3 5 9
8,011
98,855
4 0 ,9 8 5
4 ,4 2 5
7 2 ,8 5 7
43,
63,780
31,052
98,885
T h e d e s t in a t io n o f th e s e 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 e p t e m b e r 1, 1896, is a s b e l o w .
-Hour,Wheat. - — ^
Export* for
Week Since Sept,
Week Since Sept,
Week Since Sept
mck *n4 tfnw Mar. W, 1,4896.
Mar.
'ar. 13. 1,1896.
Mar. 13.
l , 1396.
S e p t, l i b b b l* .
bush.
_ _____
bmh.
m $.
___
bush.
bush
C e lle d K ingdom 1H,1<82
0 ,0 17
C o n tin e n t.......... .
3- k C. A m erles..
39,903
W est Indies.,.. ..
11,530
Brit, N. A. C od s.
9C0
O ther co u n tr ie s ..
3,187
6.129,703
560,509
578,092
600,291
111,111
152,478
T o t a l .......... .
? W ,W * * «.* * ',1 8 1 2,893,370 18,129,825
119,911
7,119,223 2,381,101 45,t!68,S89
2.118
21,887
7,203
1291889
.................................................... 3,390573,605
..................................................... 1,250241,828
.......
710,205
812
1,667,056
«8 .9 S S 31.172,776 8,087,222 06,287.401
631.228 24,668,026 2,006,917 55,782,810
ToUi V&h-'je. .
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 in
g r a n a r y at t ic - p r in c ip a l p o in t s o f a c c u m u l a t i o n a t la k e a n d
s e a b o a r d p o r t s , M a r ch 18, 1897, w a s a s f o l l o w s :
C om
B'hmt.
(MU
Rye,
Barley
tn store at
bush
bmh
bush.
s e w Y oT k .. . . . . . . ...... 2,101.000
4,01*000
1,340,000
272.000
Do
afloat**,.-.
A lb a n y .............. .
B u ffa lo ................ .
Do
a flo a t .,.
CU flM O *-•* **.**.,
Do
a f lo a t ... ...
illlwraaka-e ........... , ..
Do
a f lo a t .,..
D a lo t h ............. .
Do
a f lo a t ..,,
T o le d o .. .. -................
Do
a f lo a t , . ,. .
Bo
a flo a t,., „,
Ofwmto.....
S i I jo e ia .. . . . . . ____
Do
a f lo a t , . ,. ,
d s e ffifift t i. ..... ..... ..
B os ton
..
T o r o e t o . .. .. ..
M on treal ................
adslphla.
0
787,000
229.000
50.000
112.000
2(0,100
253,000
124.000
95,Of 0
1,821,000
Jili.OOO
•151,000
1,910,000
805,000
2,023,000
56,000
ooiobo
' 98,000
” 12,006
*40,00*6
2,108,000
321.000
25,000
225,000
7*884,000
3,007,000
5.000
12,000
10.000
13 2 .0 0 0
6S".(KH?
2,000
1.038.000
*22,&>0
1.009.000
127.000
94,000
O.OOO
140.000
64.009
503.000
133.000
93.000
2,000
M ar.
Mar.
Mar.
Mar.
2 0 .7 9 5 .0 0 0
2 5 .3 7 7 .0 0 0
0, 1897.1**708,000
U , 1890 02,123.000
10,1895.10,874.000
17, 1894.73,25t>.t>00
14.880.000
13.489.000
10.759.000
3.136.000
3,233,010
1.533.000
1,' 91,000
791,000
— R e p o rts o f t h e c o n d it io n a t th e c lo s e o f b u sin ess M a rch 9
o f th e fu lio w in g n a tio n a l b a n k s w ill be fo u n d in o u r a d v e r t is
in g c o lu m n s : C h a se, C o n t in e n ta l, M a rk et & F u lt o n , a n d 1th
S tr e e t o f P h ila d e lp h ia ; a lso th e q u a r te r ly r e p o r t o f c o n d it io n
o n M a rch 10 o f th e B a n k o f A m e r ic a . T h e r e p o r t o f th e
C h e m ic a l N a t io n a l B an k w ill be fo u n d o n th e last p a g e o f th e
Q u o ta tio n S u p p le m e n t f o r M a r ch .
C o i n s .— F o llo w in g
c o in s :
Sovereigns........... $4 87
N a p oleon s........... 3 86
X X Reicfcmark#. 4 76
25 Pesetas............ 4 77
Span. Doubloona.15 55
Mex. Dottbleons.15 50
Fine g old bars.
oar
a r e t h e c u r r e n t q u o t a t io n s in
® $4
» 3
® 4
® 4
®15
m lo
90
89
60
SI
76
75
g o ld
fo r
I Fine silver b a r s ... — 6 '-% a —63&1B
I Five fra n cs........ — 9 3 a> — 95**
I M exican d ollars.. — 4S% ® — 4914
|Peruvian sole.......- 45 ® — 46%
|English s ilv e r .... 4 84 -a 4 88
D. S. trade d ollars — 65 ® — 75
® % p m in . !
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 , not
r e g u la r ly d e a lt in a t t h e B o a r d , w e r e r e c e n t ly s o ld a t a u c t i o n s
B y M essrs. R . V . H a r n e t t & C o . :
Shares.
120 1st 5e, 1925. o f the G alveston La Porto & Houston Ry. Co,,
coupons, due Oct. 1, 1895, attacked.......... .........................
26
2 Membership New York Produce E x ch a n g e.................................4300
B y M essrs. A d r ia n H . M u lle r & S o n :
Shares.
Shares.
460 Nat. Citizens’ B ank.........127
150 Pkeiiix Nat. Bank. ........104%
116 M echanics’ Nat. Blt.187% -188
2 T row Dtreotory, Printing
40 Nat. B r'dw ay Bk.*25ea.233hp
& B o o tb ia d 'g C o„ p ref. 31%
1 Chmtioai Nat. Bank....... 4 230
10 Union T ypew r r Co. ,com. 7%
7 State Trust Co........... ...1 9 5
15 Guaranty Tr. Co. o f X. Y .108
14 B’ li of New York, N B.A.2-40
10 Title Guar. & Trust C o ..277
Bonds.
17 U. S. Tr. Go.1,120tg to 1,125% $20,000 Co! & le d . Cent, RR,
400 Con.Am er.Reduet’n C o.S 3 0 lot
1st 7s, 1904, J& J.......... ....... 120%
34 M l a d i c Trust C o. ,. 176-180 $25,C0o Phila. * Read. RR,
5 Central Fire Works Co.nf
Co. 6 s, cons., 1911, ,J& D ...1217s
N. J.. p ref...................$135 lot $20,000 B avarian Star B rew
in Holland Trust Co_______ 60%
ing Co. 6 s, 1909..................... 16
6 Nat, Bk. o f the R epublic. 156>4 $ 1,000 Atlantic Coast E lec.
5 U. S. M ortgage & Tr, Co. 24415
trie RR. 1st 5s, 1945........... 76
20 Manhattan Life I d s . C o .400
$4,230 A tlantic Mutual Ins.
30 Ohio Central RE . Co ,...* 2 lo t
Co. s c r ip ...........
103% to 105%
City Railroad Securities— B r o k e r s ’
Bid.
A U an. A v e ., B ’ k l y n —
C on . 5 b , g M 1981.*A<feO
Im p t , 5 e , g ., 1934..J<fcJ
S le e k . S t. <fe F u i . F . - S t k .
i s t m o r t., 7a, 1 9 0 0 . J & J
B r o o k ly n JRapM T r a n s it .
B’ w a y <&7 th A v e .—S to c k ,
l e t m o r t., 5s, 1 9 0 4 . J & D
24 m o r t., 5 b, 1 9 1 4 .J & J
B ,w a y l a t , 5 s 1g a a r .l9 2 4
2d 5ft.int.aB r e n t ’ l . 1905
O on soi. 5 8 ,1 0 4 3 .. .J & D
B r o o k ly n C ity —S t o c k ....
C o n so l. 5s, 1 9 4 i...J < fe J
B k ly n .0 r o 8 8 t ,n 5 a .l 9 0 8
B k lrn .Q ’ nsCo.<fcSub. 1st
Bklyn.C.<fcN’ w t ’ w n - S t k
5s. 1 9 3 9 ..* ...............
C e n tra l C r o s s t o w n —S t k .
1 s t M ., 0 8 .1 9 2 2 ...M & N
O en .P k . N .& E .R 1 Y .—S tk.
C o n s o l. 7 s , 1 9 0 2 ...J & D
C o lu m b u s <fe 9tli A v e . 5a.
O hrist’ p ’ r& lO th . S t . - 8 t k ,
1 s t m o r t.*1898 . . . A<fcO
Q u o t a t io n s ,
Ask.
Bid. Ask
D. D. jffi. B. & Bat’^ -S tk . 163 170
1st, gold, 5s, 193a.J<fcJj 112 115
1103
Sorip ........ ............
10s i
§101
103
30% 32 *a EigMn Avenue—S tock..
Scrip, 08, x914....... .
108
U 07
fig
21 42d<fe Cr. St. Fer.—Stock 330 350
42d St. Man. <fe St.N. A y. 44
202 206
48
§106
109
1st mort. 6s, 1910.M&S §116
§109
2d mort. income 6s. J<feJ 01 l s l
Lex.Ave.<fcPav,Ferry 5s. 115
§115
§104
Metropolitan Traction.. 107 III
119
‘ “
Ninth Avenue—S tock ... 160 170
118%
181
Second Avenue—Stock.. 125 145
180
lstmort.,5s,1909.M<feN -108
-HO
113
Debenture 5s,1909.J &J 102 ,105
103
101 1 ' Sixth Avenue—S tock .... 196 200
Third Avenue—S tock ... 161*2 163
112
1st mort., 5s, 1937. J&J 121 ia 122 %
M°o
200
Twenty-Third St.—St'k. 300
102
§112 118*
Deb. 5a, 1903.............. 170
103
164
Union Ry—S to ck ........
§104
100
112 114
1st 5s, 1942...........
115*2 116
Westcheat’r, let,gu.,5s. §99% 102
m
Ill
18?
150
104
§ Andaeorued interest.
Oas Securities—B r o k e r s ’ Q u o t a t io n s ,
Q AB C O M P A N IE S .
B ’ k ly n U n io n G a s —Stook .
B o n d s ...................................
C e n tra l................. ...................
C o n s u m e rs ’ (J e r s e y C ity ).
B o n d s ....................................
J e r s e y C i t y * H o b o k e n ..
M e tro p o lita n —B o n d s .........
B id .
A sk.
98% 99
110 %
100
180
105
Mutual (N. Y .................... 235
N . Y. A B a s t B l v . 1 s t SB- 107
88
P r e fe r r e d ...... ....................
C o m m o n ............................... 54
C o n s o l. 6 s ............................ 98
iSS
Q-AS C O M P A Q I U S .
1Peoples’ (Jersey C ity)..
W illia m s b u r g 1 s t Cs___
F u lto n M u n ic ip a l 6 a . . . .
I E q u i t a b l e . .. — ............. ..
Bonds.es, 1899...........
8 t, P a u l........ .................
Bonds, 5a..........*....... .
Standard pref................ .
Common.......................
’"Western C a s..............
Bonds, 5 s .....* .............
240
108
89
55
99
g a n ft ia g
a n d
R itm ix c iitl.
S p e n c e r
T r a s k
8,000
198.000
81*009
6*033.000
018.000
48,000
OtVJ
100,000
Total Mar. 13.1807 41440 000
T o ta l
T o ta l
T otal
ffoUU
” 1,666
’ 59,666
9,666
0,000
042,000
164,00*6
97.000
92,001*
95.000
1,133,000
3,000
I N V E S T M E N T
& W
ban k ers
30
P I N E
NEW
YORK.
ALEXANDER M . W H ITS, JB
M o f f a t
*89,666
43.000
o . ,
S E C U R I T I E S .
a x o n a l BAECLAV M u SSAT.
10*1,666
' i ’6,666
C
BAN KE RS
2 7 & 3 9 P IN K S T R E E T ,
65 Slate Street, Albany.
23.000
■38,000
&
S T R E E T
INVESTMENT
-
h i t e
,
,
N E W
SECURITIES.
Y O R K
THE
March 20, 1827,J
M ue
J B a t t k je r s 7 %
D IV ID E R
k z z
\\
z
CHRONICLE.
.
653
25o. per $1,000 discount; Chioago, 35c. per $1,000 discount ;
St. Louis, 25c. per $1,000 discount.
Posted rates of leading bankers follow:
D 8 .
March 19.
Name o f Company.
P er
Cent.
When
Payable.
B ooks closed.
(Days inclusive.)
R a i l r o a d s (S t e a m ).
Mar. 31 Moll.21 to M ch.31
2
N. Y . N. H. <fe H artford (quar.)..
April 10 Apr. 1 to Apr. 11
N orfolk & Southern (quar.)........
1
Pitts. Youngs. & Ashtabula com.
Mar.
25 Mcli 21 to M ch.25
«
“
••
pref
3*a £
S tr e e t R a i l w a y s .
April 1 ----------- t o ----------Cincinnati Street (quar.)..............
lh
April 1
to
N ewton (Mass ) Street (q u a r.)...
2
B an k s.
F ifth Avenue (quar.).................... 20 ) April 1 M ob.25 to Mch.31
“
“
(e x t r a )...................
5 5
T r u s t C o m p a n ie s .
April 1 Mob.25 to Apr. 1
2
FranKlin, B rooklyn (quar.)........
April 1 Mcb.26 to Mcb. 31
3
M ercantile (quar.)..........................
April 1 Mob.21 to M ch.31
P eople's, Brooklyn (quar.)..........
3
April 1 Moh.25 to M ch.31
2
Title Guarantee & Trust (quar.).
Tll* c e ll a n e o n s .
April 15 Mcb.29 to Apr. 14
3
American Bell Telep. (quar.)__
2
April 1 ---------- to ----------Cambria Iron ..............................Chic. June. Rys. & Union Stock
Yards pref (quar.) ..................
D a April 1 Mcb. 19 to Apr. 1
M ergenthaler L inotype (quar.)..
2 \ April 1 Mcb. 23 to Apr. 1
“
“
(extra) .
2 S
Penn. H ea:, Light & Power com.
1 I April
5 Mcb.27 to A p r. 5
“
“
“
pref
4* S
April 15 Apr. 1 to Apr. 15
P rocter & Gamble pref. (quar.)
2
Union Typewriter 1st pref .. . . .
April 1 Mch.21 to M ch.31
“
“
2 d p re f.........
April
1 Mcb 24 to Apr. 1
Westingho. Elec. & Mf-r. p f (qr.)
’ One per cent o f this is extra. Payable on instalments paid.
r*
W A L L S T R E E T , F R ID A Y , M A R . 19, 1 S 9 7 -3 P. M.
Sixty Days.
Dem and.
Prime bankers’ sterling bills on L on d on .. t 86 -2)4 86*2 1 87V®4. 88k>
4 84Vd>4 85
4 8 4 ^ 4 84*2
Paris bankers’ (francs)................................ 5 181HJ® 18% 5 163l6® 16%^
Amsterdam (guilders) bankers................. 4 0 i16'®40%
40%'3'405,e
F rankfort or Bremen (reicbmarks) b ’kers 95 ^95118
95716'®9512
United States Bonds.—Sales of Government bonds at the
Board include $27,000 4s, coup., 1925, at 123%; $2,000 4s,
reg., 1925, at 123%: $11,800 4s, reg., 1907, at 111 to 111%;
$1,500 4s, coup., 1907, at 113%, to l:3 % ; $9,000 5s, reg., at
114 to 114% and $1,000 5s, coup., at 113%. The following are
closing quotations:
Interest
Periods
2a........................ reg.
4 8 ,1 9 0 7 ............. reg.
4s, 1 9 0 7 . . . . . . .oonp.
4b, 1925.............reg.
4s, 1925..........eoup.
5a, 1904............. reg.
5s, 1904.......... coup.
6s, oar’oy ,’9 8 ...r e g .
6a, on r’oy,’ 9 9 ...r e g .
4s, (Cher.)1897.reg.
4s, (O h er.jl898.reg.
4s, (Cher.)1899.reg.
Q.-Mob.
Q .-J a n .
Q .-J a n .
Q .-Feb.
Q .-Feb.
Q ,- Feb.
Q .-Feb.
J. & J.
J. & 3.
March.
M arch.
M arch.
Ifa r.
13.
Mar.
15.
Mar.
16.
Mar.
17.
Mar.
18.
Mar.
19.
* 95% * 95% * 95% * 95% * 95% * 95ia
111% l l l 1^ *111
*11114 111% 111
* 1 1 3 % * 113 ^ * 1 1 3 % *113*4 * 1 1 3 %
* 1 2 3 % * 1 2 3 % *123% 1 2358 * 1 2 3 %
* 12353 *12358 123ia * 1 2 3 % 1 2 3 %
*114
*1 1 4
114% *114
*113 %
*114
* 114
113%
* 114
*114
*113%
*123%
‘ 1235a
114
* 114
*1035g
*106%
*100
*100
*100
*10358 * 1 0 3 % * 103 5g * 10 3 53 * 1 0 3 %
*106% *1 0 6 %
*106% * 1 0 6 % * 1 0 6 34
*100 *100 *100
*100 *100 *100
I*1C0
*100
*100
*100
*100
*100
*100
*100
*100
* This is the prioe bid at the morning: ooard, no sale was m ade.
United States Sub-Treasury.—The following table shows
tions in Wall Street this week have been on a more the daily receipts and payments at the Sub-Treasury during
liberal scale and of a more substantial character than of the week.
late. Securi ies in which the Vanderbilts are largely inter
Balances.
Payments.
ested have continued to be the prominent features, and the Date. Receipts.
Coin.
Coin Cert’s. Currency.
advance in them has tended to strengthen other branches
$
9
of the market.
9
8
9
The foreign political situation has become more acute. Mar. 13 3,741.336 2,636,547 131,130 941 1,881,095 64,751,386
13',109,43)4
2,0
9.
55
66,443,425
“
15
4,93
.335
3,100,733
The possibility of a declaration of war between Greece and
2,207,746 66,728,911
" 16
2,425,9 - 5 131,102,783
2,c 03,399
Turkey disturbed anew the financial centres abroad and
“ 17
2,5<'6,30H 131,112.-67
2,443.9-8 66,876,147
2,899,737
caused some selling of American si curities at London and | “ 18 3,1 77,‘ 96 3,43 V ' 40 13 1/ 76 465 2,3 6,497 66,761,866
66,837,274
“
19
131,074,813
2,317,625
3,120,396
3,175,279
elsewhere. Ft rtunately the local market was buoyant as
noted above, and the foreigo offerings were readily absorbed
Total 20,796,682 17.225,602 ...................
without unfavorable effect. Liter reports indicated that
this movement had largely ceased.
State and Railroad Bonds.—Sales of State bonds at the
Of domestic affairs the meeting of Congress, appointments Board include $92,500 Virginia lund. debt 2-3s of 1991 at 62%
by the President and consideration of the proposed new-tariff to 63% ; $ 4,000 Tenn. settlement 3s at 78% to 80, and $5,000
bill have bee" most prominent. Their i fleet in Wall Street, Virginia 6s deferred trust receipts, stamped, at 6.
however, will be largely reflected from their direc influence 1 In the railway bo d market the volume of business has
upon the business of the country generally. In regard been good, and includes a la'ge pr portion of high-grade
to the latter 'here is still room for large improvem>nt. ; issues, indii a ing that the investment demand is f-till main
Railroad tamings are bet'er in a majority of cases, accord tained. Prices are generally stea ty. The new Norfolk &
ing to n cent leports, but as a whole are unsatisfactory, and Western consol. 4s have been in favor and advanced 3% per
the bank clearings continue to show a smaller total than last , cent. Hocking Valley 5s made a further gain of 2 per cent
year.
and close at 74. Standard Rope & Twine 6s dropped to
Early in the week there was a heavy withdrawal of go*ds 65% on Thursday, a decline of 7% per cent from our list
from bond in anticipation of an increased tariff, and on Mon qm tations, a part of which has been recovered. Of the
day the recei ts at th»- New York Custom House were the active list, which includes Atchison, Broadway & Seventh
largest for a n y one day in its history, amounting to over 2% Avenue, Brooklyn Elevated. Chesapeake & Ohio, Burlington
millions of dollars. This naturally created a new demand & Quincy, Chicago & Non hern Pacific, Rock Island, Denver
for loans, but did not materially affect the money market, , & Rio Grande, Erie, Fort Worth & Denver Ctiy, Kansas
and rates remain unchanged.
Pacific, Lake Shore, Louisville & Nashville, Milwaukee &
The open market rates for call loans on the Stock Exchange St. Paul, Missouri Kansas & Texas, New York On ario &
during the week on stock and bond collaterals have ranged Western, Northern Pacific, Ohio & Mi-sissippi, Ohio South
from 1% to 2 per oent. To-day’s rates on call were 1% to 2 ern, Oregon Short Line, Reading, S . Joseph & Grand Island,
per cent. Prime commercial paper is quoted at 8% to 4 per oent. St. Louis & Iron Mountain, St. Paul Minn. & Manitoba,
The Bank of England weekly statement on Thursday Southern Railway, Tixas & Pacific, Union Pacific and
showed an increase in bullion of £282.491 and the percent Wabash bonds, several issues have fractionally advanced.
age of reserve to liabilities was 55*03, against 54*85 last
Railroad and Miscellaneous Stocks.—The market for
week ; the discount rate remains unchanged at 3 per cent
The Bank of France shows an increase of 2,950,000 francs railway shares has developed new fife this week under the
stimulus of invesiment buying, which is most conspicuous
in gold and 50.000 francs in silver.
The New York City Clearing-House banks in their statement in the Vanderbilt stocks. Under this movement New York
of Mar. 13 showed a decrease in the reserve held of $2,385,200 Central, New York Chicago & St. Louts, Canada Southern,
and a surplus over the required reserve of $52,863,550, against Michigan Central, Cleveland Cincinnati Chicago & St.
Louis, North West, and Omaha advanced from 2 to 5 per
$55,556,925 the previous week.
cent, an average of over 3% per cent. The grangers ad
vanced an average of about 1 point and Illinois Central 3%
1897.
Dijferen’sfrom
1895.
1896.
Mar. 13.
F re t. week.
Mar. 14.
Mar. 16.
points. The activity was not attended with the same result
in afi cases, however. The coal shares have been weak.
$
»
*
$
C apital................. 59,772,700
................
61,122,700' 62,622,700 Central of New Jersey, which had previously lost nearly 2
S u rp lu s..............
7 4 .8 8 8 .1 0 0 i
...............
72,833,3001 71.046,800 per cent, sold off 3 points to-day, closing at 90%; Reading
Loans & disc’nte. 5( 5,912,500 Inc .3,850,700 466.526,900 489.0049 >00 declined 2% points, while Delaware & Hudson lost 2%
C ircu la tion ........
16,211,3(0 Deo 194,900 14,234.800 12.295,500
Lackawanna was exceptional in the group, and
Net d eposits....... 578.1.93,800 Inc .1,232,7CO 489,809,509 618,196,500 points.
Bpeole................... 85,274,100 I n c . 212.400 60,845, OO 67. 73,600 ad - anced to 157%, a gain of 3% per cent. Missouri Pacific
Legal tenders___ 112,262,900 Dec,2,5 9 7 ,6 0 0 83, 56,100 79,649,300 deolined 5% points under a vigorous bear attack, but has
R eserve held....... 197,537,000 Dec 2,385,200 143,901,200 147,222,900 recovered more than half the loss. In most cases, in fact,
Legal reserve.. . . 144,073,450 I n c . 3 (8,17 5 122,452,375 129,624,125 j these extremes have been modified somewhat by reactions,
Surplus reserve 52,863.550 D ec 2,693.375 21,448,825 17.598,775 |and the net changes are generally narrower.
The miscellaneous list has, as usual, been subject to specu
Foreign Exchange.—There is no change to note in the lative manipulation, which is largely responsible for a demark* t for foreign exchange, which remaios dull and steady. cl ne of 2 points in American I’obaco■>and of 3% points and
To-day’s actual rates of exchange were as follows: Bankers, 5% points respectively in United States Rubber common
Western Union advanced 1% poin s, but
sixty days’ sterliug, 4 85%'®4 85%; demand 4 87(^4 37 %, and preferred.
oables, 4 37%'a4 87%.
sold off sharply to-day on the decision of the Stock Ex
The follow in,, were the rates of domestic exchange on New change authorities not to renew its ticker contract. Ameri
Yor;. at the i der-mentioned cities to-day: Savannah, buying can Sugar sold ex-dividend on Tuesday, and has been strong
1-16 discount, selling par ; Charleston, buying par, celling o8 and active Standard Rope & Twine was weak in sym
premium ; New Orleans, bank, $1 00 premium ; commercial, pathy with the bonds, selling down to 6% on Thursday.
The Money Market and Financial Situation.—Opera
THE CHRONICLE.
654
[V ol . LX1Y.
M E W Y O K E S T O C K E X C H A N G E - - d O W r a S T O C K S f o r w eek e n d in g M A R C H 1 9 , a n d r in o e J A N . I , 1 8 9 7 .
HIGH EST AJTD LOWEST PRICES.
Tuesday,
Mar. 16.
08%
60%
■wo
29%
4%
*10
109%
*154
.14 %
*28
*120
93%
*6%
*23
417%
68%
170
*43
49%
84%
*107%
§97
*18
477
*45%
12*8
31%
20%
21
W ednesday, Thursday, ] Friday,
Mur. 17.
Mur. 18. I Mar. 10
11%
11*8 11*8
83*8 23*8 22%
*%
%
%
-15% ie % *15%
*20
20Y
21
*82
S3
*51
60%
49% 50%
93% !U% 93%
*9% 10%
•y%
18
18
18%
165
*165 171
77% 77% 77
*45
*18 1 •45
*95
*96% 98
77%
77*8 78%
5138 138 ! 137%
109% 110 ! 109%
155 .........
68
69
69
68% 69%
68%
62%
81%
01% 8 2 V 01%
co%
’ 140 145 ' 140 145 |! 140%
1-15 ■
32
33%
30% 30% 32%
32%
*75
S5
4%
4%
4%
3%
*1
4%
50
50
.........
110% 109*3 109% 109% 109% 109%
......... 155% 155% 157 157% 156%
*1 0 % ..
■10
.........
4,1% 41%; *41% " 4 ‘i "
41%
1-1% *14% IS i 414% 14%
11%
34
34
.......
33
33%
34
18%
19*e 19*8
31
*25
31
31
‘ 25
120 128
123 *120 123
'120
93% 94
95% 96%
94
96
7%
*6%
7%
7
*0%
7%
25
*23
25
25
25
*24
17% *17
18 ! '1 7 % 18
17%
*67
69
6 8 % ...........
*67
170% 4169% 169% 169% 170
169%
50
*44
49
*44
49
*44
49% 49% 50%
49% 50
49
% .........
85*8 85% 86%
108 *106 108
97
99% 1 00
19
*18
19
77
78% 78%
48
*46 ........
13% 13% 13%
31% 31% 3 !%
20%
17% 20%
21 |.*20
22
37 *.........
98% 99% 99
13% 13% 13%
*67
70 ! 70
29% 31 1 31%
♦m
175 6174%
15
15
14*8
9
9 I
9
25% 25% 25%
*14
15
*14
26
§26
§26%
*13% 14
13%
37% 38
37%
20
*11
*11
§40% 40% *41
26% 25 % 25%
13
13
13%
*46
50
*48
11%
22%
*%
*15%
*20%
*50
50
90%
8%
18%
165
77%
‘ 45
*95
77%
138
108%
§4%
*33*
4%s
4
50 *........ 50
109% §109% 109% 107%
157% 157 157 *155
11%
40%
41% 40% 10%
14%
14% *14
14%
34
34
34%
34%
*25
31
123 *120
96% 95%
*6%
6%
25% *24
*10
13
67
68%
169% 4168%
48% 545
49% 49%
85% 87% x85% 8 6 %
5108% 108% 107 107
59s% 98%
99
99
19
19
19% 19%
*78
80
478
78%
*46
48
47
48
13
13% * 12 % 13
31% 31% 31% 31%
15
19
18% l»'-%
*20% 22
*20
22
86
107
'9 7
*18%
77%
48
13
31%
18%
*20
85%
86%
106%
107
100
19% *18%
77% 578
48
48%
13
13%
32%
31%
19% 18%
22
*20
43%
25%
13%
50 I
99
14%
73
33
174
14%
48%
25%
*13%
27%
13%
37%
*11
§41
2i*a
*13 .
*46
117% 118% §118%! 118% ■117%
*56
62
•56
02
*56
5
5
5
5 !
4%
40
40%
39% 40
39%
14% 14*e
14% 14%
14%
*3%
4
4 S '3 %
*3%
10*8 10*e 10 Hi 10 %: 10%
*18
23
'18
23 ; *16
*
90
90 *
118 •117 119
u e"
14*8 14% *14% 15
11%
9%
9%
0%
9%:
y
28% 28%: 28%
26%
U%
9%
9% 85
9%
-7
7%
7
7%
7
2 ! *1%
*1%
2%
*1%
6%
0% ’
6%
6%
5%
15% 16 I 15% 10 i 14
*1%
1*8
41%
1%
1%
*5%
6%
•6H
6%
4%
*1%
2%
2%
*1%
*1%
*i
12
23%
%
16
21%
52
51%
95
8*s'
18%
171
7 8%
50
98
78%
138%
110%
*25
*120
96%
6%
24%
*16%
468%
169
448%
49*8
20
*mr
A c tiv e H B . S to ck * .
A te hi son Topeka A B autaFe,
. , Do
p rel.
A tlantic A P aotflo...................
Baltimore A O hio.....................
B rooklyn Rapid Transit.........
Canadian Paolllo.....................
Canada 8 ou th em ....................
Central o f New Jersey............
Central Paoitto...................
Chesapeake A O hio.................
Chloago A A lto n ......................
Chicago Burlington A Gnlnoj
Chicago A Eastern Illin ois.
..., Mo
pref.
Chicago M ilwaukee A St. Paul
Mo
prof.
Chloago A Northw estern.......
..
Mo
pref.
63% 69% Chicago R ock island A Paoliic
68%
68% 69%
62%
64
Chloago
St.
Paul
Minn.
A
Om.
64*8 63% 64%
„
Mo
prof.
145 *140 145 *140 115
Clevcu
Oirieiii,
Ohio.
A
St.
L ...
31
32*8
33% 32% 33%
11%
11%
23 I 22%
%
*%
*15%
16
*20
21
*51
52
5 1 V 51%
93%
94
8%
10%
18%: 18
171 r 166
77%
77%
•45
48
96% *95
77*8
78%
137%! 138%
110 % 109%
3L
123
96%
7
26
17%
69
170%
48
49%
37 ‘
99%
14%
72%
33%
174% "
15%
9
25%
15
26%
14
38
37
444
44
37
100
99% 100 % 99% 100% x99%
14%
14% 14%
14
14
514%
73
*70
75
75
'7 0
76
34
32%
33% 34*8 31
34%
175% 4174 174
>173% 175% ‘ 171%
14% I 14% 14%
14%
14% 15
8%: *8%
9
'8 %
■8% 9
25% *25% 25% *25% 25% *25%
15
13
14% *13% 14% *13%
27% 426% 26% 28
27%
23
13*g 13% 13%
13% 13%
12%
37%
37% 37%
36%
37% 37%
20
*11
20
*11
*11
20
41
43
43
~ , *41% 43%
*42
25% 24% 21*8' 23% 24%
23%
14%; 13% 13% *13
14% *13
50 j *46
50
*46
50
*46
118% *117% 118%
60
‘ 56
60
5 '
4*a
-1*8
39%i *39
40
14%
14% 14%
4
*3%
4
10%
10% 10%
23
*18
23
go
90
no
siY e% 110 %
14*8 14% 14%
9
»%
5,»
28 *8: *23% 28%
9%'
9%
9%
7 I
7
0*8
2%
1%
1%
6
5%
6
15%
14% 15
1%
1%
1%
4% ’
4
4%
3
2%
*1%
13
11*8 *12
512 % 1 2 %! *12
57*4
5 5 V *56
57
57
*56
vi3*« 14
13% 13%
13% 13%
13%
34%
34*$ 34%
34% 34%
34
116% 117
116** 117
...
*111 %113% 112%
105% 105
105*4 105% Il0 3 % 1 0 :l% 103%
78% 79
7S*.I 78% 79 I 76
107% 107% J106%
105
1 0 % 10*ij
9 % 10
0%
9%: §9%
7§§*i 7 7 % 73
77% 78%: 77%
157% ■kaMl1 158 159
157*8 159
158
85%| m
35
34% 35%
34%
‘
i 25*% 25’
25% 25%i *24*8
*01
o m . 01% 91
01% o i% ; 91%
*41
47(
4%
*4%
4%
4%
2«% 26%
20% 26%l 26%
*91
*91
*9 1 % .........: *91%
161 161 1' 100
63% *63% 63%
62%
0 % 9 hi
0 % 9%
9%
9%
0%
2 -% 24%
28
28%
27% 28%
27%
8%j
8%
8%
0%
*7*8
8%
60
00%| *59
59 % 59
59*,,, 59%
16% 18 ) 13% 10
16
17% 16%
65
68% m n 60
65% 67%
66%
•84
84% 85%
85%
85
88%
85*s
(ffij
These are wd and asked; no sale made.
STOCKS.
13
34
91%
4%
26%
102 ’
62%
9%
28%
8%
*117%
'5 6
4*8
39%
14%
*3%
*10
*18
118% §117
61
'55
4*8
4*a
39%
39%
14%
14%
4
*3%
10% *10
*19
23
*117
14%
9
28
9%
0*a
2
6
14*e
1%
‘4
*1%
119 *117
14% 14%
9%
9
29% 28%
»%
”9%
7
6%
2
2
6
§0
15
14%
1
1%
8
§4%
2%
*12
*56
12%
32
113%
101
70%
§107%
10
78%
158
34%
25%
§91%
4%
26!%
*91%
101%
*62%
0%
27
*7%
59%
15%
03*e
86
12
23%
%
16
21
51%
50%
94%
8%
18%
171
78%
50
98
78%
138
110%
4% Columbus H ookin g Val. A T oi
,,
Mo
pref
109 D elaware A Hudson................
156% DelawareLaokawannaAWestDenver A Rio G ran de............
40% _ _ 0 0
pref.
14% E r ie .................................. .......
34
Mo
1st pref.
_
Mo
2d p rei.
31 E vansville A Terre H aute___
123 Great Northern, p r e f . . . . . . . .
96% lllin oisO en tral......... .
7 iow a C entral....................Ill*”
26
Mo
pref
18 Lake Erie & W e s t e r n ........!
67
Mo
pref.
168% Lake sh ore a Mdch-Southe^n
Long Island................
45
49% Louisville A Nashville
Louie v. New A lbany A Ohio..
Mo
pref
86% Manhattan E levated,oon aol..
106% M etropolitan T raction..........
Michigan Central.
20 Minneapolis A St. Louts!- .;;;
Do
1st p ref
78
Mo
2d pref.
48
13 MiSBOuriKansas A T exas___
Mo
pref
32
18% Missouri Paolllo............ .
22% M obile A Ohio..............
Nashy.Ohattaaooga&StXouis
37 New E nglan d............
99% New Y ork Central A H udson.
14% New YorkChioago A St. Louis
Mo
1st p ref.
75
33% „
Do
2d p ref.
173 New Y orkN ew H aven A Hart.
14% New Y orkO ntario A Western,
New York Sueg. A West., new.
Mo
pref.
25%
14% Norfolk A W estern .................
Mo
pref.
27%
13% Nor. P aoilicR y .v otin g tr.otfs.
Mo
p ref.
37%
20 Ur. R R , A N av.C o.vot. tr.otfs.
Do p ref., vot. trust-otfs.
43%
24 Phila. A Reading all lust. p d.
14% Pittsburg Ginn. Ohio. A St. L.
Do
pref.
50
Rio Grande W estern................
117 Rome W atertown A Ogdensb.
65 St. Louis Alt. & T. H.,tr.reota
5 St. L. & San F r „ vot. tr. otfs.
Do
1st pref.
39%
Mo
2d prof.
14%
4 St. Louie Southwestern...........
Mo
pref.
11
2 2 % St. Paul A D uluth.....................
Do
pref.
119 St. Paul Minn. A M a n itoba ...
14% Southern Paolllo C o.................
9 Southern,voting trust, oertif.
29% D o p ref., voting trust, oert.
9%
6%
2 Union Paoitio D enver A G ulf.
6 Wabash______ _ . . . __________
14%
Do
pref.
1%
Do
pref.
4%
Sales or;
Range for year 1897.
the
[On basit o f lao-tharc lots.
Week,
Shares.
Highest.
Lowest.
7,942
14,716
11% Eeb.
21% Feb.
% Jan.
460 14% Jan.
555 18% Jan.
54% Mar.
17.495 44% Jan.
30.288 90% Mar.
350
8% Mar.
22,033 16% Jan.
SO >162 Feb.
54,449 69% Jan.
100 45 .Mar.
§ 95 J an.
8 *",235 72% Jan.
1,444 131 .Ian.
35,507 102% Jan.
5 153 Jan.
20,086 65% Fel).
85,457 47 Jan.
133% Juu.
27,584 •26% Fob.
65 73 Jan.
1,310
3% Feb.
40 Jan.
2,718 106% Jan.
1,245 151 Jau.
10% Feb.
400 40% Mar.
440 14% Mar.
1,306 32% Mar.
101 19% Feb.
524% Feb.
120 Jau.
4,425 92% Feb.
200
6% ,Tan.
366 24% Mar.
110 16 Jau,
255 66% Fel).
1,706 152 Jan.
30 42% Jan.
26,005 47% Jan.
% Jan.
§1% Jau.
25,767 63 Mar.
d 15 106
Feb.
1,420 90 Jan.
220 18 Mar.
416 77% Mar.
800 46 Feb.
3,000 12% Fob.
16,360 26*e Feb.
95,019 15 Mar.
200 20% Feb.
§70 Jan.
10 §44 Mar.
35,096 92% Fob.
4,650 11 Feb.
843 70 Jau.
10,700 •24 Fob.
222 160 Fob.
2,934 14 Feb.
240
8 Jan.
400 22% Jau.
14% Mar.
1,194 26% Mar.
5,574 12% Mar.
12,087 32% Jan,
§15 Jan.
37*8 Jau.
38,371 23% Fob.
700 12% Jau.
50 Feb.
15 12% Star. 3
15 25% Jan. 30
22
% Jan. 14
22 18 Jan. 8
7 21% Feb. 11
4 50 Jan. 8
13 51% Mar. 17
19 103% Jttn. 19
19 15 Jan. 5
4 18% Mar. 15
15 S170 Mar. 1
78% Mar. 18
45 Mar. 13
§98% Feb. 3
78% 'far. 15
138% Mar. 18
_ 1 1 0 % Mar. 17
12 155 Feb. 20
15 70 Jan. 18
2! 64*e Mar. 17
18 140% Mar. 9
33% Mar. 17
73% Jan. 4
— 18 Jam 8
21 46 Jan. 21
27 121% Jan. 6
29 157% Jan, 18
26 12% Jan, 19
19, 43-8 Feb. 1
6| 15% Jau. 18
12 35% Jun. 18
13' 21 Jan. 15
13 §24% Feb. 13
16 122 Feb. 5
-6 ' 96% Mar. 16
27
8 Jan. 16
18 27% Jan. 20
30 18% Jan. 18
26: 70% Jan. 20
21170% Mar. 11
22 55 Jan. 8
52% Jan. 19
% Jau. 11
Jan. 4
I I 14 Mar, 2
IS 110% Jan, 5
28| 100 Mar. 15
19% Jan. 29
79% Jan. 18
48% Mar. 18
14% Jan. 18
32% Mar. 18
24% Jau. 18
2 2 % Jan. 12
25 §70 Jan. 25
18 §44 Mar, 18
10 0 % Mar. 18
14% Mar. 15
75 Mar. 17
34*8 Mar. 17
§178 Jan. 4
15% Jan, 18
9% Jan. 18
26% Jan. 18
14% Mar. 11
28% Mar. 4
16% Feb. 1
38% Feb. 24
15 §17% Jan. 18
45% Feb. 3
28% Jan. 18
14 Jan. 21
50 Feb. 1
16 §116 Mar.
8 §119 Jan. 18
"‘i si
4% Jan.
1,060
988! 37 Jan.
603! 12% Jan.
3% Feb.
200
52(>! 10 Jan.
20 Jan.
§85 Mar.
2 0 , 114 Jan.
1 , 4 1 0 ; 13% Jan.
8% Mar.
4,211
24,738 26 Jan.
1,540
S% Jan.
6% Jan.
4,600
1% Mar.
369
5% Mar.
2,665
9,933 14 Mar.
1 Feb.
2,705
4 Mar.
940
1% Mar.
,
M is c e lla n e o u s S to c k s .
34 11% Feb.
13
*12
13 A m erican Cotton Oil C o.......
106 52% Fel).
Do
pref.
57% *56
57%
11% Juu.
13,112
Am
erican
Spirits
Mfg.
Co___
13% 12% 13
2,793 26 Jan.
Do
pref.
34
32% 33
110
Jan.
115% 114 115% American Sugar Refining Co. 208,531
3,110 100% Jan.
Do
pref.
104% 104 104%
33,229
67% Fel).
77 % 76% 77 Am erican T obaooo C o............
501 100 Feb.
Do
pref.
107% *105 107
9% Mar.
4,065
10
10
10 Bay State Gas
79%
70% 80% Chicago Ua» Uo„ oerte. o f dep. 71,697 73% Jan.
lftKSs 158 159% Consolidated Gas C om pan y.. 10,586 136% Jan.
6,202 32% Jan.
34
34% General E lectric Oo.............. .
35%
7,335 21*e Feb.
25%
23% 24% National Lead Co.......
1,147 88% Feb.
Do
pref.
91%
91% 91%
4% Feb.
350
*4%
4% North American O o ...
4%
12,536 24 Jan.
27% Paolllo M all.................
27*8 27
‘ 91% r „„ Pipe Line Oertlfloatea.
” 448 152** Jan.'
101% *161 162% Pullman P alace Oar Company
3,000 62% Mar.
62^ *02% 02% Stiver B ullion Certificates___
6% Mar.
0,658
Standard
R
ope
&
T
w
in
e.........
?%
7%
7%
6,736 25 Feb.
2x%
27% 28 Tennessee Coal Iron * R R ...
7% Feb.
United
States
Leather
Co.......
H%
503
*7*8
H%
9.815 54 Feb.
Do
pref.
60%
57*8 00
8.815
13%
Mar.
United
States
R
ubber
Oo.......
16
14% 15
Do
pref. 10,566 62% Mar.
66
62% 04
81
Feb.
19.891
Western
U
nion
Telegraph___
86% X '3 % 85
§Less than 100 shares.
5*8 Feb
40% Star.
16 Feb.
4% Jan.
11% Jau.
22% Jan.
187 Fob.
118 Mar.
15% Jan.
10 Jan.
20*8 Jan.
10% Jan.
10 Jan.
2% Jan.
7% Jan.
17% Jan.
6% Jau.
29 Jan.
2% Jan.
4
4
3
18
18
13
3
3
18
16
19
18
5
6
16
18
2
6
0
14% Jar..
58 Mar.
14% Jan
34*8 Mar.
118% Mar.
105% Mar.
79% Jan.
108 Mar.
13% Jan.
80% Mar.
159% Mar.
36% Feu.
26% Jan.
92 Feb.
Jan.
27*e M ar.
16
9
9
1ft
3
15
14
12
6
19
19
2
19
23
18
18
i*63** M ar!" *3*
65% Jan. 27
11 % Jan. 19
31 Jan. 18
9% Jan. 19
64 Jan. 19
25% Jan. 19
76*8 Jau. 5
8 6 % Mar. 1 6
THE
Mabch 20, isy7.]
(CHRONICLE,
555
VgvY YORK STOCK EXCHANGE PRICES (Continued)—INACTIVE STOCKS,
INACTIVE STOCKS,
unite* teb unlisted.
ti& llr o a d S to ck s*
A lbany & Susquehanna......... -.1 0 0
Ann A rbor.................................... 100
Preferred...................
100
Boston & N. Y. A ir l i n e p ref ..1 0 0
Buffalo Roohester & P ittsbu rg. 100
P referred................................... 100
Burl jed arJlapid s & N or......... 100
jo io a g o G A a t W estern......... .........
1'ev. Lorain & Wheel, p re f.-----iuo
Oleve and & P itt s b u r g .. . . . . . . . 50
Des dom es & F oi D o d g e ......1 0 0
P referred ................................... 100
Duluth Bo. Shore & A tla n tic 11.100
P ref irred fl......................
.100
E ransvllle & T erre H. p r e f....... 50
Flint & Pere M arquette... ....1 0 0
Pre ferred..................
100
Green Bay & W estern...............100
1000
Deb. certfs. A ..............
Deb. o rtfs. B .........................1000
Kanawha & M ichigan......... ....1 0 0
Keokuk & Des M oines................100
P referred....................................100
Keokuk & W estern.....................100
M exican C e n tr a l............. .........lo o
Mex can National tr. o t fs .........100
Morris fr E s s e x . . . . . . . ------. . . . . *0
N. Y. & H arlem .......... . . . ........... 50
N. Y. .a ik
Western _______ 100
Or. Sb.Line <feU.N.tr.rec.,all pd.100
°« o n a Decatur & Evansville 100
Peoria fe Eastern— . . . . . . . . . . . 1 0 0
Pitts. Ft. W'. & Chic, guar.........100
Reusseiaer & S a r a to g a ........... -OO
Rio Grande Western p re f.........100
Toledo & Ohio Central................100
Preferred....... .......
LOO
Tol. -it. L. & Kan. Citytf............. 100
Preferred 1T................................. 100
Mar. 19.
Bid.
Uauge (sales) in 1897.
Ask.
Lowest.
r No price F rid a y ; latest price this week.
170 Feb.
lOi* Jan.
27 Jan.
105 Jan.
22*s Jan.
58 Jan.
72 Feb.
5 Jan.
4 0 H Mar.
168*4 Jan.
8% Feb.
3%
8
40*s
ll* s
30
Jan.
Jan.
Jan.
Mar.
Jan.
Mar. 19.
I nactive Stocks .
HIndicates unlisted.
Highest.
170
170 Feb.
9 Jan.
9^4 10*s
25 ** 26*a 23 Jan.
104 106 105 Jan.
163* 2 0
20*4 Jan.
55
55 Feb.
70 Feb.
£70
5
4*s Jan.
4
50
40 Feb.
40
164
166 Feb.
8 Mar.
J3
80
56
3 4 ’ Feb.
314
4%
8 Jan.
7 *a 9**
45
39** Jan.
37
10 Mar.
30 Jan.
41
30
50
4% Jan.
5
7
6 Feb.
4
2 Feb.
2%
13*« 27 Jan.
12
40
32 Feb.
30
8 Jan.
1
1*4 Mar.
l*s
164 16o*s 163 *« Feb.
298
295 Feb.
119 Jan.
14*e Jan.
% Mar.
l*s
%
8
3
3s» Feb.
162
163 Feb.
180% 186 180 Jan.
40 Feb.
25’
15*
75
50
5**
(% Indicates actual sales,j
Bid.
Range (sales) in 1897.
Ask.
m is c e lla n e o u s S to ck s*
100 1149
Adams E xpress.....................
American Bank Note Co I f .
4 3 4 44*s
115 119
.100 112 114
.100 188ia 89*3
{98*.
.100
38
.....
.100 .....
.100
1
*8
.100
21
22**
.1 0 0
90
.100
4*«
4 >4
.100 156 175
...... .....
.100 106%j
.100 102
.100
134*3
.100
.100
35
24
75
45
.100
.100 J50
,100 45
.100 113
.100
14
.100
5*s
10
.100
. 50 335
,100
1
.100
...
100 108
.100
.100
100 139
100 1100
5 Jan.
6 Feb.
3 Jan. Laclede Gas.
28 *3 Jan.
32 Feb.
8% Jan.
1 ®8 Jan.
167 Jan.
JOO Mar.
122 Mar.
16 Jan.
2*« Jan.
3*2 Feb.
169*2 Mar.
185 JaD.
40*4 Feb. IStandard Gas, p r e f.H ___
108
Lowest.
Highest.
147*« Feb. 155
Jan.
125 Jan. 125 Jan.
109*2 Jan. 113 Mar.
85*2 Jan.
91*4 Jan.
85 Jan.
99% Mar.
% Jan.
% Jan.
103 Feb. 104 Mar.
*2 Jan.
1 Jan.
20 Feb.
27 Jan.
75 Feb.
4 Jan.
4% Mar.
35 Feb.
37*s
20 Jan.
25
101% Jan. 106
97 Feb. 100
64*4 Jan.
67
31% Jan.
42
40
24*$
78
22*2 Jan.
71*2 Feb.
55
____ 12
Jan.
Jan.
Jan.
Mar.
Mar.
Jan.
Jan.
25
78
Jan.
Mar.
Jan.
Feb.
Jan.
Jan.
Jan.
Jan.
Jan.
50
42
12
Feb.
Mar.
7%
12
5
10
Jan.
Mar.
12
52
51
15
5
5
10%
1%
11%
102
70
Jan.
Jan.
Jan.
Jan.
1%
11%
108
70
Jan.
Jan.
Feb.
Jan.
37
97
Feb.
Jan.
102
Mar.
SECURITIES.
Bid.
Ask.
Tennessee—6s, o ld ......... 1892-1898
6s, new bon ds ......1 8 9 2 -8 -1 9 0 0
do
new series................ 1914
Compromise, 3-4-5 6 s....... -.1912
3 s ............................................. .1913
R edem ption 4 s ...................... 1907
do
4**s................... 1913
Penitentiary 4*as..................1913
Virginia funded debt, 2-3S ...1991
6s. deferred fc’Bt reofts. stamped
79
80
62%
02 %
6
3
10
110
__
i ’o’ I
J Actual sales.
NEW YORK STOCK EXCHANGE PRICES.—STATE BONDS MARCH 19.
SECU RITIES.
Bid.
A be .
Amoaina—Class A , 4 to 5 ........1906 104*«
Class B , 5 s .............................. 1906 104
Class C, 4 s ..................
1906
98
....
Ourrenov funding 4 s ............ 1920
96
A ‘ kansas—6s, f una.H ol.1899-1900
d o. N on-H olfurd
fs, Arkansas C entral R R ......... .
Louisiana—7 s, c o n s ....... ........ i9 1 4
* sniped 4 s . . . . . . .. . . . . . . . . . . . . . .
New jon ols. 4 s ....................... 1914 97
SECU RITIES.
New York City Bank Statement for the week ending
March IS, 1897. We omit two ciphers (0 0 ) in all cases.
B atiks
(00s omitted.)
Bid.
Specie.
Legals.
Bank o f New York. $2,000,0 $1,!,916,0 $12,090,0 $2,420.0 $1,040,0 $12,460,0
Manhattan Co.......... 2.050.0 2,,146,2 14.051.0 2.717.0
3.250.0 17,031,0
Merchants’. . . .......... 2 , 000 ,0 1,.048.2 13.479,3 3,049.9
1,867,3 10,931,0
Mechanics’ .............. 2,000,0 2,.209,4 9,225,0 1,160,0
1.583.0 8,597,0
A m erica................... 1.500.0 2,.508.4 18,674.6 2.J75.8 4,534.9; 22,827.1
Phenix..................... 1 , 0 0 0 , 0 ! 361,9 3.802.0'
573.01 3,377,0
291.0
0 3, 23,232,5 6,809.0 11.459,6 30,549,7
City........................... 1.000.
,582,3*
Tradesmen’ s............
750.0
416.3 2,292,0
86.5* 2,421,0'
220.4
Chemical............—
3,556.2 24,900,1
300.0 7,,381,7 24.004,7 4,303.5
Merchants’ Exch’ge
543.4 5,381,0
185.9, 4.730,7
852.3
600.0
Gallatin.................... 1. 000 .
--------1.932,6 5.597.0
0
5.801,11 801.1
,648,0
Batchers’ & Drov’rs’
159,9
1.216.4
300.0
149.9
209.8 1,287, lj
Me hanics’ A Trad’s
205.0 2.005.0
400.0
280.0
278.0 2,025,0
Greenwich........ —
900,0
198.0
158.4
200.0
939,5; 104,0
Leather Mannfac’rs.
443.0 2,071,6
3,032,9
321.1
600,0
495.9
341.2 2.022.4
Seventh....................
1,591,2
254.0
300.0
105.4
Scate of New York. 1. 200.0
519.5 2.280.4
159.0
500.9 3.O5h,0
American Exchange 5.000.
!,482,1
0
23i009i0! 2,610.0 5,358,0 20,313,0
Com m erce.............. 5.000.
0
24,466.8 2.040.7 3,824,5 19,599,6
!,672.8
Broadway................. 1.000.
'■* ’
4,987,2
0
701.4
5.084.7
,665,5
541.1
1,000,0 , 000,0 7.462.7 71G.8 2.385.3 8,534,9
2.965.3
Pacific......................
717.9
422,7
482.5 2.313,5
432.1
Republic......... ......... 1.500.0
938.6 12.344.7 2.270.9 2.170.7 14.334.7
0.370,4
Chatham..................
450.0
582.0 1.478.4
980.3 6,000.2
2.512.0
Peoples’ ....................
562.7
234.4
1.740.7
200.0
235.7
North America........
7.272.0
1.606.5
593.0 0,006,7 1.004.5
700.0
Hanover.................. 1 , 000.0 !,O03,3 10.964.8 5.388.0 4.797.2 24.437.4
2.819.0
Irving. ....................
500.0
452.1
259.2
355.6 2.938.0
Citizens'..................
419.3
2.994.1
508.4
413.6 2.565.1
600.0
2.875.8
503.7
Nassau.....................
500.0
188.5
276.8 2.399.8
Market & Fulton...
640.0 1.050.5 5.848.3
,020,7 5.736.3
900.0
3,744,7
8hoe A Leather....... 1, 000,0
540.9
425,9
3.572.4
105.4
9.565.0
Corn Exchange. __ 1.000,0 .,292,6 8.080.7 1.362.7
1.571.0
Continental............. 1, 000.0
5.217.3
550.8 1.151.2 6.146.3
231.8
1.550.0
290.4
Oriental.......... ......
133.2
1.678.0
406.8
300.0
Importers’A Trad’rs 1.500.0 ►,715,3 23.794.0 3.224.0 4.793.0 25.871.0
Park......................... 2 . 000.0 f,253,5 25,775,5 7.648.7 5.079.5 34.203.0
1.203.3
238.7
East River...............
155.2
141.2
1.204.5
250.0
Fourth..................... 3.200.0 5,110,3 20.543.2 2.714.0 5.279.9 23.516.8
9.825.0
1.061.0
Central..................... 1 , 000.0
649.3 8.205.0 1.131.0
Second....................
847.0 1.171.0 6.096.0
062.6 4.895.0
300.0
850.5
4.238.6
Ninth.......................
3.041.0
350.1
377.3
750.0
2.419.5 23,501,2
First.........................
500.0 r,035.2 24.060.2 3.688.9
Third.................. ... 1, 000,0
200,6
8.385.1 1.550.0 2.067.9 10.713.1
1.276.9
193.4
144.8
N. Y. NaVl Exch’ge.
1.375.1
300.0
71,7
2.977.0
347.0
Bow ery...................
418.0
601.5 2.924.0
250.0
3.439.6
409.4
New York County..
818.7
422.7 2.519.0
200.0
2.043.3
481.0
German American..
244.8
293.0 2.697.0
750.0
0,758,4 23.169.4
C hase............
500.0 L,500,0 14,222,7 4.195.7
8.391.6
1.195.8
Fifth Avenue.
7.233.5 1.200.6
100.0 1,087.8
3.010.4
030.0
German Exchange..
200,0 600.0 2.382.4 218.8
3.813.7
519.6
Germania ......
200.0 679.9 2.850.3 534,9
6.910.7
1.000.
3
United states
972.2
589.8 0.045.9
500.0
0,794,7
1.307.7
Lincoln .........
903.8
015.0 5.019.2
300.0
4.781.5
532.6
Garfield.........
200.0 708.3 3.902.4 803.6
1.773.9
374.8
Fifth ............
200,0 314.2 1.565.7 215.8
0,118,2
1.134.7
Bank of the Metrop.
830.5
803.2 4.695.1
300.0
2.452.0
604.0
Wesi/Side. ...
200.0 323.4 2.225.0 207.0
8.440.0
2.730.0
Seaboard........
804.0
301.5 6.015.0
600,0
1.502.0
324.0
Slxtn..............
200.0 347.1 1.037.0 176.0
W estern......
2.100.0 420.6 13,044.4 853.2 4.235.8 14.774.8
6.470.0
1.479.0
First Nat. B’ klyn...
933.1
940.7 5.367.0
300.0
9
Nat. Union Bank... 1 , 200,0
581.8 10.350.0 1.673.0 1.000. 11,208,7
2,423,4
495.9
Liberty Nat, Bank.
244.5
236,7 2.497.1
500.0
3.158.0
271.1
556.3
N. Y.Prod.Exch'ge 1,000,0
3.081,0
318.1
Total.................. 59.772.7174.888.1 ^505.912.5 85.274.1 112.202.9 578.693.8
......
New York City, Boston and Philadelphia Banks:
Ba n e s .
Capital Surpl’s Loans.
A a i.
M issouri—F und..............1894-1895
North Carolina—6s, old .......... J&J
Funding a c t ............................1900
New bonds, J & J .........1892-1898
Chatham R R ..................................
Special ta x , Class I ......................
Consolidated 4 s.....................1910 103*8 106”
6 s...............................................1919 124
South Carolina—4**s, 20-40.. 1933 105
6s, n on -fu nd........................... 1888
N . V\*
Feb. 20..
“
27,,
6..
13..
Itn
Capital A
Surplus. | Loan*.
Specie.
Legals.
$
l
$
134.600,8 498,747,6
134.600,8 497.609,7
134,060,8 502.061,8
134,060,8 505.912,5
$
82,817,0
83.940,9
85,061.7
85,274,1
$
116,010,0
117,022,4
114,860.5
112,202,9
Deposits.* OircyVn. Clearings
$
572,670,6
573,769,3
577.461.1
578.693,8
,
*
16,613.4
16,491,1
16,406,2
10,211,3
$ „
535,125,4
440,462,4
577.757,4
495,464.4
Feu. 27.. 89,351,8 175.681,0 10,569,0 8,602,0 103,422,0 9,507,0 71,206,2
Mar. 6.. 69,351,81177,348.0 10,431,0 8.331,0 166.784.0 9.498,0 99,595,8
“
13.. 09,351,81177,649,0 10,495,0 8,309,0 164,948,0 9,477,0 81,970,6
Phi a. *
114,280,0 6,826,0 49,690,5
39,633,0
Feb. 27. 35,203,0 103,340,0
114.753.0 6,860,0 60,300,1
Alar 6.. 35,203,0 104,485,0
40,026,0
“
39,701,0
115,719,0 0,864.0 51,724,2
13.. 35,263.0 105,472,0
* We o nit two ciphers in all these flyures.
+ Including for Bost >n and Philadelphia the item “ due to other banks” .
Miscellaneous and Unlisted Bonds:
M isc e lla n e o u s Bonds.
Ch. Jun. & 8. Yds.—Col. t.g., 5s *109 %v*. Jeff. & Clear. C. & I. 1st g. 5s
2d g. 5 s ................
Colorado C & 1 .1st cous.6s,g. 94 b.
Manhat. Beach H. A L. g. 4s.
Col. C. & I. Devel. gn. 5s......
Colorado Fuel & I.—Gen. 5s. 81 a. Metropoi. Tel. A Tel. 1st 5 s..
Mich.-Penin. Car 1st 5s ...
Col. A Hock. Coal A I.—0a, g.
Cons.GasCo.,Chio.—lstgu.os 88 %b. Mutual Union Teleg.—6s, g
Nat. Starch Mfg. 1st 6s........
De Bardeleben C. <fe I.—g. 0a.
Det. Gas con. 1st 5................- 71 b. N.Y. A N. J. Telep. gen. 5s..
Edison Elec. 111. Co.—1st 5a.. 109 *4b. Northwestern Telegraph—7s
Do.
of Bklyn., 1st 5s.. llO ^b. people’s Gas A G. / 1st g, 0s.
Co., Chicago...... i 2d g. 0s.
Kqult. G.-L., N. Y.,cdns. g.5s.
1st oons. g. 6s.....................
99 %b.
Equitable G. A F.—1st os---Erie Teleg, & Telep. 5s, g— 101 0. South Yuba Water—Con. 6s.
Henderson Bridge—1st g. 0s. 107 b. Standard Rope A T.—Inc. 5s.
Sunday Creek Coal 1st g 0s.
Illinois Steel deb. 5s............
Western Union Teleg.—7 s...
Non-conv.deb. 5 s ............
Wheel. L.E.&Pitts.Coallst58
Int. Cond. A Ins. deb. 6s...... ........
N ote.—“ / / ' indicates price uid\ “ a” price asked. * Latest price this
M is c e lla n e o u s B o n d s .
97*nb
77*ab
40 a
in b
102 b
110 b
108 a.
106 b.
18>3b
week.
Bank Stock List—Latest prices. (fNew stock. *Not Listed.
BANES.
Bid. Ask.
America.......
Am. E xch...
Astor Place*
Bowery*......
Broadway....
Butch.&Dr..
C entral!..
Chase...........
Chatham......
Chemical —
315
173
230
300
230
125
100
400
290
4000
500
Citizens'...... 125
Columbia__ 170
Commerce... 200
133
Corn Exch... 285
East River.. 133
11th W ard.. 200
2900
Fifth*.......... 250
3000
First N., S. I. 120
178
310
Gansevoort.. 96
BANKS.
Garfield..
German Am.
176
German Ex.*
245
Germania—
250* Greenwich...
Hanover......
140
11 de A L.* ..
170
Hud. Klver..
Irn.A Trad’rs
300
5000 Irving..........
Bid. Ask.
500
no
342 Hi 370
350 ........
165
320 340
92
88
155
525 550
140
185
Liberty*...... 135
140
750
210 Manhattan... 220 240
Market* Ful 210 240
140
Mechanics’ . 185 187
300
M’clis’ &Trs’ 130 135
Mercantile... 160
3400 Merchant.’ .. 140 142
Merch’ t. Ex. 110 ........
Metropol’s... 425
Mt. Morris.. 98 102
150
155 155
N. AmsMam. 190
185
330 New Y ork... 235 245
NT. v . fio'ntv 685
105
BANKS.
IN.Y.Nat.Ex
'Ninth...........
19th Ward..
iN. America.
Oriental......
Pacific........
Park............
Phenix —
IPlaza*..........
Prod. Ex.*...
Republic___
Seaboard—
Second ........
Seventh.
Shoe & Le’th
Stateof N.Y.
Third..........
Tradesm’n’s.
12th Ward*,
jU nion.........
Union Sq.*..
Un’d States.
Yorkville*...
Western......
West Side..
100
135
170*
265
210
104
185
118
150
169
425
100
90
114
90
20*6 '
175
175
170
114
275
145
185
27*6"
240
110
125
160
175
90
117
100
100
130
i"90~
200
THE
556
BOSTON, PUlliiVUKliPlIlA
CHRONICLE.
[VOL. LX1V-
AMO UAbl'UIOKK STOCK KXCHAMWKS.
S h a r e P r le o a — n o t P e r C o n t o n e P r i c e s .
Active Stock*.
Saturday,
Mar. 13
1 In d icate. unlisted.
Monday,
Mar. 15.
Tuesday.
Mar. 16.
W ednesday,
Mar. 17.
Thursday,
Mar. 18
Friday.
Mar. 19
12
12
‘ 1 1 * 11%
12%
12
11% u % ‘ 11% 11%
Atcti. T . A S . F e. *S o s l a n ) . 1 0 0 *11% 12%
...... ...... ...... ...... ...was •««««• ...... ...... ......
*%
%
A tla n tic A P ec.
" .
100
•15* 17
16
16
•15
B e U njorc A O hio ( S o i l .) .1 0 0
•61
61% •61
61%
6 1 * 61%
61
61
61
*60% 61
61
B e l t C ity Paas’ imr “
25
18% 18%
18% 18% *18% 18% •18% 18% *18% 14%
*18% 18%
B altim ore T ractio n “
2*
18%
18
18%
18% 18%
18
19% 1 8 *
18% 18%
B a ltIm o re T ra o ’ u t l / ’h iL )- * 8
215% 215% 215 2 1 5 * 215 215 •215 216
215 215
216
B oston A A lb a n y (Boston).1 0 0 215
__
_
*
•213
•213
214
213%
213%
214
214
100 212 214 •213
B oston A L o w ell
■160 161 *160 161
160% 161
160 160 •160
100 160 161
B oston A M ain e.
•10
*10
•10
11
11
11
•10
11
•10
11
11
••
100 •10
C entral o f M aes..
Preferred------ -
••
100 •56
••
100
(P*U .).100
••
00
0hoc.OAO.T0t.U0
C h lc.B u r.A Q uin.
Ohio. M U .A S t . P .
C l t S U R y .o f IntlT
■ 100
Fitchburg pref. - <Boston). 100
Lehigh V a lley .. IP hila.). 50
Metro pol’ n T ra o .f ••
100
M exican Cent’ l ( Bolton) .100
S ew England----“
100
P r e f e n e d _____
"
100
northern Central (B al .). 50
Northern Pactfle (P hila.) 100
Preferred
•* 100
Old C olony. . . ( Bolton) 100
P enn sylvania...(P h ila .). 50
Phil. A Reading.!
"
50
Phlladelpb. Tree.
“
50
Union P a ciflo ...(B o sto n ).100
Union T ra ction ..(P h ila ,). 50
D lla c e lla n e o n a S t o c k s .
A m .eug’ r Refln.H (B o lto n )....
P referred . . . . . .
“
—
Bell T eleph one..
"
100
B olt. A Montana.
“
25
Butte A B oston.)
"
25
Calumet A H ecla
"
25
Canton C o ........ - ( B alt.). 100
Consolidated Gas
•* 100
Eiec.Stor, Ratty*'(Phila.). 100
Preferred 1!
“
100
Erie Telephone. (Boston) .100
General Eleotrlo.
11 100
P referred _____
100
IlUnois Steel . . . .
“
100
L a neon StoreSer.
“
50
LehTbCoalANav. (Phila. 50
N. E.Telephone (B oston). 100
P a.H ea t,L .A P ow fP A «o.).......
U u't’dGasIm p.1!
“
50
Welsbaeh Light li
"
6
V e st End h o o d ..(B o sto n ). H
* Bid and asked prices; no
Inactive 8tock*.
77*
77%
8%
58
77%
78%
8%
93%
26%
94
26%
•56
77%
78%
8%
17
93%
25%
58
79%
78%
8%
17
91%
26%
•56
58
77
77%
77% 7 8 *
*8
8%
..... 1 6 * 16 *
93% 9 3 *
93% 93%
2 5 * ■15% 2 4 * 25%
107* 107*
8%
8%
8V
8%
•56
77%
78
8%
58
774
78%
8%
*56
77%
77%
8
58
78%
78%
8
93
24%
93%
24%
8
*8%
8%
59*
60
59% 59%
59% 59% *
•70
*70
*71
’ 71
1 3 * 13% *13%
13% 13%
14
14
1 3 * 13%
38
37% 37% •37%
38
*37% 38
*37% 38
180 180 x l7 8 % '7 8 * 1 7 8 * 1 7 8 * 178
180 180
53*
53*
53
527e
53
53*
52% 53
53
12% 127,k 1U 3.«
12%1213,. 127,8 .7 %
213,.1216,.
70%
7llu 7 % 71% 71%
71% 71%
71% 72
7
7
7
7%
7 J
7%
7%
•6%
7%
11% 12
12
12%
12*4 1 2 *
12* 12*
11 %
8%
8%
60
116%
105 *
222
123
It*
380
67
■*61
26
1164
1053ft
223
124
16%
380
67
61*
26
66%
•34*
76
35
•21
•39
66%
35*
76
35*
22
39*
102%
14% 147«
73% 73%
*2*
2%
sale was m
Bid.
X ll2 % 1 1 3 %
x !0 3 * 1 0 3 *
222 2 2 2 *
123% 127%
193ft 20
380 3*0
*
68
•
62
27
27
28* 28*
66
66%
•34% 35 %
•75
80
* 3 4 * 35
■21
22
39*
39
102 102
1 4 * 15
74
74*
44
44
•2
2%
ade.
Ask
112*
103%
222
124*
19
380
..... * .......
61% 61% ‘ 6 1 *
26
26*
26
111%
103
222
127
19%
380
113%
10 3*
222
129
19%
380
114
103%
223
127*
19*
380
70
61%
26
13%
37%
178
53%
12%
71%
7
11%
113%
103%
223
124%
18%
380
115%
104
223
126%
19%
.........
61%
25
28
61%
25
28
08
66
35
35% 35%
35
*75
80
*75
bO
•34% 35
*31% 35
*21
22
■21
22
40
‘ 39% 40
*39
*
102% ' .......... 1 0 2 %
15% 15%
15% 16
71% 74%
x i2
42
*2%
2%
2%
2%
2%
1 Trust
66 ■»
*66
31% 34%
•75
80
35
35
•21
22
39
3*
102 102
15*
15
73% 73'%
*2
8%
59%
Bonds.
Bid
‘ 56
58
77% 78
77 7g 78%
8
7%
*
18
*92
93
23
24%
107 107
8
8
40
•37
59% 59%
71
•70
12% 13
36% 37%
*177% 178%
52% 63
ll l % 6 12
69
70%
•6 %
6%
10%
11 %
114 115%
103% 101%
Bales
o f the
Week,
Shares.
Range o f sales In 1897.
Low es!.
Highest
~933 11% Feb.
12% Mar.
37% Jan.
1 7 % Jan .
62% Jan.
18% Feb.
18% Feb.
217 Mar.
213% Mar.
166 Jan.
11 Jan.
58 Mar.
78% Mar.
78% Mar.
8% Feb.
25% Jan.
94% Mar.
30% Jan.
110% Jan.
9% Jan.
37% Jan.
61% Jan.
70 Feb.
16% tel).
39 Feb.
180 Mar.
53% Mar.
14 Jan.
74 .Mar.
9 Jan.
13% Mar.
S
13
8
4
17
17
4
18
18
20
3
18
15
5
20
15
2
5
80
19
T
15
1
1
1
15
18
4
7
3
118% Mar.
1 0 5 * Mar.
227% Feb.
129 Mar.
20 Mar.
3>*0 Mar.
67% F*b.
6 2 * Jan.
Feb.
31
33 Jan.
6 7 * Feb
36% Feb.
78 Jan.
4 l 7s Jan.
2 3 * Feb.
4 2 Jan.
lt»3 Jan.
16 Mar.
74% Feb.
47 Jan.
2% Feb.
paid.
3
12
20
16
15
1
6
15
1
29
24
2
20
18
1
14
26
18
3
12
9
15 Feb.
14% Feb.
510 59% Jan.
150 17 Jau.
1,266 17% Jan.
97 209 Jan.
8 205 Jan.
124 159% Feb.
10 Feb.
57 Jan.
7,8*3 69% Jan.
7,400 73 Jan.
382
7% Jan
300 16% Mar.
319 91 Jan.
6,786 20% Feb.
300 106 Mar.
1,358
7% Jan.
37% Jan.
535 57 Feb.
67% Jan.
i]059 12% Mar.
188 33% Jan.
157 176% Jan.
3,026 51% Jan.
24,629 l l l 3 , 0Fi-b.
4,983 66% Jan.
1.213
6% Jan.
17,479
8% Jan.
23,130
690
226
16,415
23,321
86
70
188
1,623
75
369
110 Jan.
100% Jan.
205% Jan,
125 126%
94% Jan.
18% 19%
6 Jan. 11
380 380
326 Jan. 2
*66
70
60 Jan. 8
*61
61%
60% Feb. 24
22% 24
2 2% Mar. 19
25
27
25 Mar. 19
65
65
64% Jan. 4
34% 34%
745 32% Jan. 2
125 73 Feb. 18
75 % 75 %
34% 31%
690 30 Feb. 13
*21
21 %
20% Jan. 6
•39
40
18 39 Fen. 24
*102
102%
5o 101% Jan. 2
15% 15% 10,235 13% Jan. 5
73% 73%
537 71 Jan.
40
41
181 40 Feb. 15
•2
2%
90
1 % J an.
receipts.
! Trust rec.,aU instal.
A ss.
222% 222%
Bonds,
Bid.
96
99
ssk
Boston United Gas, 2d m . 5 s ..1939 4 64
96%
65
People’s Trao. crust certs. 4s.. 1943
Friers oj March 19.
95
B nrl.A M o. R iver E x e n p t 6s, JAJ tfl 17 * 118% Perkiomen, 1st ser.,5B.1918, Q—.1
A tlanta A Charlotte (Balt.). 100 92
Non-exem pt 6s.......... 1918, JAJ f 107 108 | Pblla. A Erie gen. M. 5g.,1920, AAO
.....
Iso non A Providence (Boston).100 262 265
PlalD 4 s..........................1910, JAJ L 9 5
98 ! Gen. m ort., 4 g ........... 1920, AAO 103“
C anden A Atlantic p i. (PAifa.) 60 .......
8> * 81%
50
Chlo. Burl. A Nor. 1st 5,1926, AAO >104 1 0 4 * Phila A Read, n ew 4 g., 1958, JAJ
Catawlssa......... ..
“
43
41
2d tnort. 6 s............ ...1 9 1 8 , JAD | 99
50
50%
99%
1st pref. Incom e, 5 g, 1958, F eb 1
le t p referre d . . . . . . .
“
Debenture 6s.............. 1896, JAD
3 1 % 31%
2d pref. inoom e, 5 g , 1958, Feb. 1
Central Ohio................ (Balt.) 60; 2 9 * 30%
5
8 .Chlo. Burl. A Quincy 4s 1922, F&A § 93
3d p ref. Incom e, 5 g , 1 9 5 8 ,Feb. 1 30
95
Chicago * West Mich.(Boston) 100
121
99
Iow a Division 4e....... 1919, AAO 5 98
Connecticut A P ass..
"
100 147 149
2d, 5s...................................... 1933,AAO
Chio.AW.Mioh. gen. 5s, 1921, JAD § 52
100 240 250
Connecticut R iv er—
**
t)5
Consol, m ort. 7 s ......... 1911, JA D 129%
60
Consol, o f Vermont, 5 s .1913, JAJ j 55
Coasol. TracUOf N.J.1 (PAUa.) 100
28
Consol, m ort. 6 g .........1 9 1 1 , JAD 121 78
Delaware,* Bound B r.
••
100 165
Current River, 1st, 5 s ..1927, AAO § 50
70
Im provem ent Ml 6 g., 1897, AAO 105 1 0 5 *
Flint A Fere M arq...(B oston) 100
13
Det. Lans. A N or’n M. 7s. 1907, JAJ * 55
11
60
C on.M .,5 g.,stam ped,19 22,MAN 101
100; 32% 35
£ astern 1st m ort 6 g ,1 9 0 6 ,M A S .. 5119 120
P r e f e r r e d .............
"
Terminal os, g . . . . . 1941, Q.—F. 113
.........
U eu on vllle Passeng. (P h ila .). 50
51
I ree.Elk. A M .V .,lst,6 s.l9 3 3 , end. §128 130
Phil. Wilm. A B alt., 48.1917, AAO
60% 62
50
Unstamped, 1st, 6s, 1933............ §127 129
Preferred f ------ . . . .
‘
Pitts. O. A St. L ., 7 S ....1 9 0 0 , FAA 108%
50
17%
60
Hunt. A Broad T o p ...
1
95
K.C. C. A Spring.,1st,5g.,1925,A AO S 50
Rochester R ailway, oon. 5s ..1 9 3 0
50 49
50
Preferred.........; . . . .
'
K 0. F .B .A M . con .6 s, 1928, MAN 5 80% 82
8olm yl.R .E .8id e,lst5 g.1935, JA D
100
10
K an .C ‘yF t.8 . A Mem.lBoi
5
70
K.C. Mem. A B lr..l st.2s.1927, MAS • 68
Union Terminal 1st 5 s...........FA A
100
40
Preferred _________
30
K.
C. St. J o. A C . B .,7 s .. 1907,
5121JAJ122
Little Schuylkill......... IPhUa.). 5 0 1 .......... 57% L. Rook A i t 8^, 1 st,7 s ..1905, JAJ § 89
90
A t l M f c S g - f f i ^ f l g O T . J A J 121 122
M aine Centra'......... t Boston) . 100 122% 125
95
95*
L ools.,E v.A 8t.L .,lst,6g.l926,A A O §100 103
Baltimore Belt, 1st, 5 s .1990, MAN
Mine Hill A 8.Haven.fFAUa.J. 50| . . . . | 58
2m ., 5—6 g ............................1936,AAO
Balt. C. Pass. 1st 5 s.. 1911, MAN 114
( 85
88
Netquehonlng V a l. . .
“
50
53% 54% Mar. H. A Out., 6s........1925, AAO 5107 108
Balt. Traotlon, 1st 5 s ..1929, MAN 1 1 2 * 1 1 2 *
North Am erican C o ..
“
100
108%
M exican Central, 4 g . . . 1911, JAJ $ 6 6 * 67%
Exten. A tmpt. 6 s___1901, MAS 105
North Pennsylvania.
“
50
92
1st consol.tnoom es, 2 g, non-oum
No. Balt. Dlv., 5 s....... 1942, JA D 112% 112%
17
18
Or.8h. Line all Hast.J«11 Boston; . 100
16
17
2d ooneol. Incomes, 3s, non-onm.
Baltimore A Ohio 4 « ., 1935, A A O 103
7
8
Pennsylvania A N. W. (Phila. t. 50
...... N. V . A N.Eng,, 1st, 78,1905, JAJ* 6120 121
Pitts. A Conn., 5 g ___1925, FA A
20
PhUanel. A E rie........
50
1st m ort. 6 s................. 1905, JAJ 6 1 1 3 * 114
Hraren Island. 2d. 5 (1.1926. JAJ
R u tla n d ............ ...... ..(B o sto n ) 100
Ogden. AL.C., C on .6 s.. . 1920.AAO 5 80
%
1
Receivers’ certificates, 6s .JA D i o 3 % i 0 3 7e
83
Prererred.....................
“
100
25
50 j ln o .6 s ................
. . ... ..1 9 2 0
96
D o. Maryland Coustruo., 5 s ___ I 93
15
Soathern................
fB a if.j.1 0 0
Bu tland, 1st,6 s .......... .1902,MAN 6io5
106
Do. Plttsb. A Connells., 5 s.-J A J 100
Prererred..................
“ 100
99
Bai.A oniu s. W .,lst,4% g.X990, J A.
4 98 100
97
W est E nd..................(B o s to n ). 50
70% *7*1*
60
O apeF.A Yad.,8er.A.,6g.l916, JA I
P referred ........... .
"
50 91
92
AtlantPcV^ty DR^sf£®19*Ib*MAN 106% 107
Cent. O h io,4% g ............1930, MAS
United Cos. o f N. J .. (P hila .). 100 2 4 5 * 246
Butlalo Ry. oon. 1st, 5 s...........1931
Cent. Pass., 1st 5s ....1 9 3 2 , MAN l l i ”
W e d Jersey...................
“
50
Catawlssa, M ..7 s ...................1900,FAA
City A Sub., 1st 5 s.........1922, JAD 112 1 1 2 *
108%
W est Jersey A Atlan.
“
50
Choc. Okla. A Gnlf, prior lien 6 s .. 109% 110
Chari. C ol.A A ug.ext.5s. 1910, JAJ 107% 109
W o.tern N.Y. A Penn
“
100
2%
2 % Citizens' 8t.R y.of lnd.,eon.5s.l933
Col. A Grcenv., 1st 5-6s. 1917, JAJ 112
73
Wlnsonsln C entral...(B o sto n ). 100
2
3
Colurnb. St. R y,, 1st, oon. 5s.. 1932
G eorgia A Ala., 1st pi. 5s. 1945, AAO 104 1 0 4 *
P referred ....................
•• 100
3
10
Columb. O. Crosstown, lst,5s.l9 33
Ga.Car. A Nor. 1st 6 g ..l9 2 9 , JAu
81
81%
W oro’sUNash.ABoch.
"
100 112 118
Consol. Traot. o f N. J., Ist,5s.l9 33 ‘ 8 9 * 90*' Georgia Pao., 1st 5-6s... 19x2, JAJ 114
MUCKhUAHKOtJ*.
Del. A B'd B r'k, 1st, 7s. 19 05,FAA 120
9
5
*
9
5*
Geor. So. A Fla., 1st 5 s ..1945, JAJ
A 'lon et M ln'g,asstpdf BostonJ. 25
Easton A A m . IstM .,5s. 19 20,MAN 1 0 5 *
1
North, dent. 6 s . . . . . ............... 1800,JA.108
A tlantlo M inins.........
'*
25
22
23
Eleo. A People’s Trac. stook.tr. otfs
112
6s....................
1904, JA.)
72
72%
Bay State O a s t . . . . . .
••
50
5
5% Elmir. A W ills., 1st. 6s. 1910, J A J. 118%
115
Series A , 5s...........................1926,JAJ
B rstOD L a n d .... .....
*•
10
4
4% HestonvUlo M. A F., oon. 5a.. 1924 115 i i 5 %
4 % s ........................................ 1925,AAC
lu 7
Centennial M in in g...
“
10
_m
7
7% Hunt. A BFd T o p ,C o n .5 s.'95,AAO 107 108
Pitts. AOonneUs. J st7s. 1898, JAJ 104
1
F ort Wayne E l e c t s ..
••
25
89% 90
Southern, 1st 5 s . . . . . . . . 1994, JAJ
1 1 112
1 I Lehigh N av .4 % 8 .................... 1914,Q—J
Franklin Mining.......
«
25
11%I I 2d 6s, gold.............................1897,JAD
11
Virginia M id., 1st 6 s . ..1906, MAS 1 1 3 *
103%
x
Frwnohtn'n'sBay L 'd.
“
5
2d Series, 6 b............................1911MAr
% ! General m ort. 4%s, g .l9 2 4 ,Q —I 103
116%
......
K etrtarge Mining___
“
25
18
18% Lehigh Val.Coal 1st 5 s,g . 1933,JAJ
3d Series, 6 s . . . . . . . . . . l 9 1 o , MAI 1 1 4 * 114%
93%
O iceola Mining........
**
25
32
32% ]Lehigh VaUey, 1st 6 s ...1898, JAD 104% 106
98
4th Series, 3-4-5s................. 1921,MAP
Pullman Palace Car.
“
100 101 102
103
2d 7 s.......................................1910,MAS
131
5th Series, 5e........................ 1926,MAP
Pennsylvania Steel.. (Phila.) A 00
30 I Consol. 6 ................................1923,JAD
115
West Va C . * p . 1 s t .6 g . 1911, JAJ 107% 108
Preferred t . . . . . . . . .
*'
100
70
Newark Passenger, oon. 5 s ...1930 107 107% W1lm. 001. A A ng., 6 s . .l 9 l 0 , JAD U s
Q iln oy Mining.......... iB o stm ). 25 110 111
North Penn. l a i . 4 s ....1 9 3 6 , M<\N 1 1 2 *
HISCKLUANBODS.
Tamarack M in in g...,
••
25 118 .119%
Gen. M. 7 s.............................1803, JAJ
Baltimore Water 5 s ...1 9 1 6 , MAN 124
116
W a te r p o w e r ............
"
100
Paterson Railway, consol. 6 s ____
%
1
Funding 5 s ................. 1916, MAN
Westingh. Elec. A M..
••
50
24
24% Pennsylvania g e n .6 s , r.,1910, Vai 131
106* 107*
Exchange 3 % s................. ..1 9 3 0 , JAJ
P f t t , eam afatlve
**
50
61
52
7 3 * 73%
Consol. 6s, o
............1905, Vai 119
Virginia (State) 3 s,n ew 1932, J AJ
B o n d i —B o s t o n .
6 2 * 63
Funded debt, 2 - 3 s ....,1 9 9 ), JAJ
Consol. 5 s , r . .......... ...1 9 1 9 , Va< 118% .........
AU lo p . A ft, F. general g. i s , 1996
80% 81
O oU at.T r.4% g ........... 1913, JA i
Chesapeake Gas 6 s . ... 1900, JA D 1( 6% 108
Aulustmcnt g. 4a, 1 9 9 5 .......... .
47
47% Pa. A N. Y. C a n a l,7 s ...
6,JA1 122* ...... < on sot.G
a s , ...1 9 1 0 , J A I 116
Bos • i nited Gas 1st s » .___
8 2 I 83
COP. 5s......................... 19 p, AAC ...... ....... *
109% 109% .
5 s _______ ___________ 1 H". 1*
*Prloe luulodes overdue coupon.
1 Unlisted.
) And aoorued luterest.
THE
'March 20, 1897.]
CHRONICLE.
557
NEW YORK STOCK EXCHANGE PRICES (Continued)—ACTIVE BONDS M ARCH 19 AND FOR YEAR 1 8 9 7 .
0 losing
InVst Price Range (sales) in 1897
Period Mar. 19.
Lowest.
Highest.
R a il r o a d an d
M iscell an eo u s B onds .
Amer. Cotton Oil, deb., 8 g .1900 Q—F 107
106 Feb. 109 Jan.
Am er. Spirit Mfg., 1st, 6g.l91 5 M & S 78 lib. 74 Jan.
81% Feb.
7 9 78
Ann A rbor.—1st, 4 b, g ...... 1995 Q—J
80% Feb.
7 4 1s Jan.
A t.T . A S .F .—New gen. 48.1995 A & O 82%
7912 Jan.
82% Mar.
46%
43 % Jan.
Adjustm ent 4 s.................1995 Noy.
49% Feb.
B ,w ay& 7tbA v.-lB t.con.g.5s’43 j <fe D 118 b. 116*2 Jan. 119 Feb.
B rooklyn Elev. 1st, 6 g — 1924 A & O 74%
70 Feb.
75% Mar.
74
Union Elevated.—6 g ---- 1937 M A N
68 Feb.
74% Mar.
B klyn Rap. Trans., 5 g — 1945 A A O 80 a. 78 Jan.
81 Feb.
B k ly n .U n .G as,lst,con .5 g .l945 J A J 109%b. 105% Jan. 110% Mar.
95
B ’ ElynW lirfAW .H—l8t,58,g.’45 F A A
94 Mar. 101 Jan.
Canada Southern.—1 st, 58,1908 J & J 110
108 Jan. I l l
Feb.
2d, 5 s . . . . . .......................... 1913IM A S 10514b. 104 *2 Mar. 103 Feb.
Cent, o f Ga.—Cons., 5s, g .1 9 4 5 >1 A N 9 l 7sa. 90*2 Jan.
92 Mar.
Central o f N. J .—Cons.,78,1899 Q—J 108- %b.
. 1065s Jan. 108% Mar.
Consol., 7 s ........................ 1 9 0 2 ! M A Ni l l o ^ b .
General m ortgage, 5 g ... 1987 J & J 113% 1113% Mar. 118 Feb.
Leh.AW .B.,oon.,78,as’d .l9 0 0 ; Q—M.
9b b. 95 Mar. 104% Feb.
**
m ortgage5s.l912
A N 82 b.! 73 Mar. 90 Feb.
Am. D ock A Im p., 5 s ___1921 J & J '.117 a. 114% Jan. 116% Feb.
Central P acific.—Gold, 6 a .1898 J & J 1 0 2 ^b. 100 Jan. 1102% Mar.
Extern 5 g ........................ 1893,J & Ji*100%b. 9934 Jan. 101 Feb.
Ghee. A Ohio.—Ser. A, 6 g .- 190 e> A. A O *120%b. 119 Jan. ! 12034 Mar.
& O 120% d. 118% Jan. 121 Mar.
Mortgage, 6 g . . . .......... ..1 911
107% Jan. | lll Mar.
ls tc o n s o l.,5 g ...................1939jJJ &
HI
General 4 % e ,g .......
1 9 9 2 ;M A 8
74%
73% Jan. | 76% Feb.
R. A A .D iv ., lsto o n ., 4 g .l9 8 9 J &
103%b. 97 J an. 104% Mar.
*«
2d con., 4 g .. 1989 J & J 91%b. 86 Jan. 1 92 Mar.
Ohio. Burl. A Q. C on.78.19o3 J A J 113
115 Jan. ,113 Mar.
Debenture, 5s.................. 1 9 1 3 1 A N
100
93 Feb. 1100 Mar.
Convertible 5 s................. 1 9 0 3 |M A 8 101%
99% Mar. 102% Mar.
D enver Division 4 s .........1922|F A A 94%b. 93 Feb. I 96% Jan.
Nebraska Extension, 4s. 1927
A N 9L
87% Jan. I 91 Mar.
Han. A 8 t. Jos.—Cons.68.1911 M A 8 117 b. 118 Mar. 121 Feb.
Chic. A E. 111.—1st, 8. f. 68.1907 J A D 115 b . ...................
ConsoL 6 g ......................... 1934 A A O 124 b. 124% Jan. 12443 Jan.
General oonsol., 1 st 5 a ..l9 3 7 'M A N 100% i 98% Feb. 40139 Mar.
Chicago A Erie.—1st, 5 g ..l9 8 2 M A N I l l b. 1 1 0 % Jan. 112 Jan.
Chic. Gas L. A C .—1st,5 g .. 1937 \ A J 95%
93 Jan. ! 96 Fob.
Ohio. Mil. A St. P.—C on.78.l905 J A J 134 b. 128 Jan. 1344*2 Mar.
1st, SouthwestDiv., 6a.. 1909 J A J 116%b.i 115 % Jan. 117 Jan.
1st, So. Minn. Div., 6 s ..1910 J A J 117 b. 1 1 5 % Jan. 118 Jan.
l8t,C h.A P ac.W .D iv.58..1921 J A Ji 11434 112 Jan. 114% Mar.
C hic.& Mo. R iv.D iv.,5s.. 1926 J A J U 09% b. 106% Jan. 110 Jau.
Wise. A Minn., D iv ,5 g ...l9 2 1 J A Jj 112 b. 110% Jan. 113*3 Mar.
Terminal, 5 g ....................1914;J A J 112%b. 110% Jan. 112 Feb.
Gen. M.,
4g.,, series
•, TS&.
"v?! iu O A
XX .. .. .. .. 1939
J O J A J 102%
96 Jan. 1023i Mar.
MU. & Nor.—1st,con.,6a. 1913 J A D 119 b. 118 Jan. 1134% Feb.
Chic. A N. Pac., 1st, 5 « .. .. 1940 A A O t 42%
*40 J an. t44 Jan.
OMo. A N. W.—Consol., 7s. 1915 Q—F 141%b. 140 Jan. 1413a Mar.
Coupon, gold, 7 a .............1902 J A D 119 b. 116 Jan. 11913 Mar.
Sinking fund, 6a.............. 1929 A A O 119 b. 114 Jan. 119 Mar.
Sinking £und, 5a.............. 1929 A A O I l l b. 109 Feb. 112 Mar.
Sinking fund, delien.. 5a. 1933 M A N 1 1 2 %b. 110% Jan. 11234 Mar.
25-year debenture, 5a. ..1 909 M A N 108 b .!io e Jau. XOSQ Mar.
Extension, 4 s ....... ..........1926 F A A * 1 0 1 b. 101 Jan. 1 0 1 % Mar.
Mil. L. Sir. & W „ 1st, 6 g .l9 2 1 M A N 132ia 131is Jan. 132% Feb.
Extern A Imp., 5 g ....... 1929 F A A; 112 b. 112 Mar. 115 Jan.
Ohio. U.I. A Pao.—6s, cou p . 1917 .1 ,v .1 131
128% Jan. 1131 Mar.
Extension and ooL, 5 s ...1 934 J A Jj 105% 101% Jan. 105% Mar.
30-year debenture, 5 s ...1 921 M A 8 : 96 *2
93 Jan. I 98% Feb.
Ohio. St. P. M. & 0 . - 6 8 . . . 1930 J & D 130 b. 126 Jan. ! 130 Mar.
Chio.AW .Ind.—G en .,g.,6s.l932 Q -M
__ b. 116 Mar. ,117% Jan.
116
Clev. Lor. A Wheel.—5S ...1933 A A O' ............ 102 Jau.
102 Jau.
0. C. 0 . 4 1.—C onsol.7g ...1 9 1 4 'J Sc D 130 b .,i 3 i% J a n . 133% Mar.
General, consol., 6 g ___1934 J A J ' 12349 b. 123G Jan
1124 Jan.
0.
C.CA8t.L.—Peo.A E.,4s.1940
A A O *73 *- b.| 70 -Mar.
I 75 1Jan.
001. Midland—Cons., 4 g. .1940 F A A t 1413 a. 1114 Mar. 117 Jan.
CoL A 9th A ve. gu. 5s, g .,1 9 9 3 M A S| 115146.111513 Mar. 118 Feb.
O oLH .Val.ATol.—Con.,og. 1931;M Sc si 7 3 13 I 63 Feb. 88% Jan.
General, 6 g ...................... 1904 J Sc O
60 a.| l a 's Feb.
87 Jau.
D en v.A R toG r.— 1st,7 s ,y .1900 M Sc N 1127s l i t
Jan. 112% Mar.
Istoon soL , 4 g ................. 1930'J Sc J
89
| 88 Jan.
89 Jan.
X>uL * Iron B’ge— 1st, 5 s .19 37! A Sc O 100 b. 99% Feb. 101% Jan.
Dul. So. SU, Sc AtL—5 g ___1937 J & .1 100%b. 99 >3 Jan. 102 Feb.
Edison El. 111.—lst,oon.g.5s.’95 J Sc J 110
10478 Jan. 110 Mar.
Erie—4, g, prior bon ds___ 1996 J & J
94%
95% Feb.
93 '3 J an.
General, 3-4, g ................1996 J Sc J
65;%
62% Jau.
66% Feb.
Erie By.—1st, con., 7 g ..l9 2 0 M Sc 8 ■140%a. 139 Ms Jan. 143% Feb
L ’g Hook, consol., 6 g . 1935 A A O *136 b. 1334a Jan. 136 Mar.
Ft. W. A lie n . City.—4-6 g.1921 J A l l 57 b. 53 Jan. 59% Mar.
O al.H .A 8an.A n-M .A P .D .lst,5g M A N 90 Q
91% Feb.
89 >2 Jan.
Gen. E lectric.deb. 5s, « . . . 1922 J A D 9614
96% Mar.
90 >3 Jan.
Hons. A T. Cent. gen. 4s, g. 1921 A A O ' 69 b. 68 Jan.
70 Mar.
•Illinois Central.—4s, g...... 1953 M A N 100 b. 9 9 tj Jan. 101% Feb.
W eeternLines.lst, 4s, g.1951 F A A 103 b. 100% Feb. 103% Mar.
Xnt.AGreatNor.—1st,6s,g 1919 M A N 119 b. 117ti Jan. 119% Jan.
2d, 4% -5s..........................1909 M A S
80 Feb.
76>3b. 73 Jan.
Iow a Central.—1 st,5 g . . . . 1938 J A D
93
92% Mar. 97% Jan.
K ings Co. Elev.—1st, 5 g .. 1925 J A J
48 b. 44 Feb. 50% Mar.
Laclede Gas.—1st, 5 s ,g ...1919 Q—F
95 Mar.
9413 b. 9343 Jan.
Lake Erie A West.—5 g ___ 1937 J A J 115 b. 1134s Jan. 115% Feb.
L. Shore.—Con,op., 1st, 7 s .1900 J A J 11213 b. 1104% Jan. 113% Mar.
Consol, coup., 2d, 7s.......1903 J A D 123 3gb.
I 119 Jan. 124% Mar.
Lex. Ay. A P av, F. gu. 5s,g 1993 M A S 115 »4b. 11549 Mar. 118 Feb.
Long Island.—la tc o n .,5 g .l9 3 1 Q—J 11734b. 113 Jan. 117% Jan.
General m o r t g a g e ,4 g ...1938 J A D 88>3a.j 7 3 4 3 Jan.
88% Mar.
Louis. A Nash.—Cons. 7 s ..1898 A A O 106 b. 105 Jan. ,106 Mar.
N.O, AM obUe, 1 st,6 g . . . 1930 J A J 120
116 Jan. 120 Mar.
“
“
2d, 6 g .. 1930 J A J 10243
984s Jan. 103 Fob.
General, 6 g ...................... 1930 J A D 118 a.1115% Jan. *117 Feb.
U uiaed,4g........................1940 J A J
80
78 >4 Jau. j 80% Feb.
Louis.N. \. A Oh.—1st,6s. 1910
A J , 11219 b. I l l
Jan. 112% Mar.
ConsoL,6g, tr. re ce ip ts.1916 A A O *t837sb.if 82 Jan. 4 85 Jan.
Manhattan oonsol. 4 s....... 1990 .*
„
„„„.
95% Feb.
A „A 0| 9139 .: „93
Jan.
Metro. E le v a t e d .-1st, 6g. 1908 J A Ji 118%b. 116% Jan. 118% Mar.
t-3d .6e............... ................. 1899IM A N) 106% b.,105 Jan. 106% Mar.
Hotb .—“ b” Indicates price
Rail r o a d and
Miscellaneous B onds .
Oloeina
ln t’st P rice Range (sales) in 1897"
Period Mar. 19.
Lowest.
Highest.
69 b. 69 Mar. 73 Jan.
Mex. Internat’l—1st, 4, g.1942 M A S
Mich. Cent.—1st,cons., 78.1902 M A N 11713 b, 116% Jan. 117 Feb.
Consol., 5 s.........................1902 M A N
107 Feb. 103 Mar.
Mlnn.ASt.L.—lsto o n .5 s,g .l9 3 4 M A N 103
100 Jan. 103% Feb.
Mo. K. A E .—1st 5s, g., g o ..1942 A A O 93 b. 92 Mar. 95% Jan.
84%
M. K. A Texas.—1st, 4s, g. 1990 J A D
82 J an.
85 Mar.
2d, is , g ..............................1990 F A A
5 9 14
583a Feb.
63 Jan.
79- b. 83 Mar. 87% Jan.
Mo. Pao.—1st, oon., 6g.......1920 M A N
97 b. 102 Feb. 10238 Mar.
3d, 7 s.................................. 1906 M A N
Pac. o f M o.—1st, ex., 4 g .l9 3 8 F A A 101 b. 100% Jan. 101% Feb.
2d ext. 5s....................... 1938 J A J
101% Jan. 103% Jan.
St. L .& Ir.M t.lst ext., 58.1897 F A A 102 % 101 Feb. 103% Jan.
2d, 7 g ..............................1897 M A N 103
101% Jan. 103 14 Mar.
Cairo Ark. A Texas, 7g.l89 7 J A D 10213 b. 98 Jan. 102% Mar.
Gen. R ’y A lan d g r .,5 g .l9 3 1 A A O 7 5 13
77% Feb.
73% Jan.
Mobile A Ohio—New 6g ...1 9 2 7 J A D I I 8 I3 117 Jan. 119 Feb.
General m ortgage, Is
1938 M A S 63
66% Mar. 68 Feb.
Nash. Ch. A St.L .—1st, 7 s.. 1913 J A J 129 b. 127% Jan. 130 Mar
Consol., 5 g .........................19*28 A A O 1021 a 100 Jan. 102% Mar
N. Y. Central—Debt ext.4s. 1905 M A N 10414 b. 10178 Jan. 103% Feb.
1st, ooupon, 7 s..................1903 J A J 1 20 b. 117*4 Jan. 121 Mar.
D eben.,5s, ooup., 1 8 8 4 .. 1904 M A S 108 b. 106 Mar. 108 3s Feb.
N. Y. A Harlem, 7s, r e g ..l9 0 0 M A N 11314 b. 111% Feb. 113 M ar.
B.W. A Ogd., oonsols, Ss.1922 A A O 12013 b. 11734 Jan. 121 Feb.
West Shore, gnar., 4s___ 2361 J A J 107 b. 105 Jan. 108 Feb.
N. Y. Ohio. A St. L.—4 g .,.1 9 3 7 A A O 106
103% Jau. 106% Mar.
N. Y. Laok. A W.—1st, 6 s ..1921 J A J 13543b. 136 Mar. 136 Mar.
Construction, 5 s..............1923 F A A 11658b. 116% M ar. 118 Jan.
N.Y. N. H. A H .—Con. deb. otfs. A A O 13912b. 132% Feb. 140 Mar.
N.Y. Out. A W.—R ef. 4s, g.1992 M A S
94*6
96 Feb.
88% Jan.
ConsoL, 1st, 5s, g ...........1 9 3 9 J A D 109 b. 108*4 Feb. 1093s Mar
N.Y.Sus.A W .lstref.,5s, g.1937 J A J 102 %b. 100 Jan. 103% Jan.
Gen. 5 g .............................19-10 F A A
71 b. 7014 Feb.
74% Jan.
Midland o f N. J., 6s, g ...l9 1 o| A A O 119 b. 119 Feb. 119% Jan.
Nor. A W. B y.—1st, eons.,4g.'96 A A O 74*4
70 Mar. 74% Mar.
N o.P aoido—1st, ooup. 6 g .l9 2 1 J A J 11642b. 113 Jan. 116% Mar.
P rior lien, ry. A Lg. 4, g.1997 Q - J
8814
85% Jan.
88% Mar.
General lien 3 g .............. 2047 Q - F
5443
56*4 Feb.
51=8 Jau.
No. Paoilio Ter. Co—6 g ___1938 J A J 10914 b. 104% Jan. 109 Mar.
Ohio A Miss.—Con.8.1, 7 s .1898 J A J 104 b. 104 Mar. 104 Mar.
8813 b. 83% Feb.
Ohio Southern—1st, 6 g ...l9 2 1 J A D
90 Jan.
10 a. t 9% Mar. t l 5
General m ortgage, 4 g .,1 9 2 1 M A N
Jan.
Oregonlm pr. Co.—I s t 6 g ..l9 1 0 J A D 89
' 85*4 Mar. 90*4 Jan.
ConsoL, 5 g ....................... 1939 A A O 2 0 a. 15 Feb. 119% Mar.
Ore.B.ANav. Co.—1st, 6 g .l9 0 9 J A J 113 b. 110 Jan. 113% Mar.
RR. A Nav. consol., 4 g.1946 J A D 8213 b. 80 Jan.
81 Feb.
Penn. C o.--44sg,oou p ....... 1921 J A J " lllL ib . 109% Jan. I l l
Jan.
Peo. Deo. A E vansv.—6 g.1920 J A J 102 b. 100 Jan. 104 Feb.
Evans. D ivision, 6 g ....... 1920 M A S IOII 3 100 Feb. 106 Feb.
2d m ortage, 5 g ................ 1926 M A N
27% Jan.
27 Jan.
Phila. A Read.—Gen., 4 g .,1 9 5 8 J A J 1 8144 t80 Jan. t82 Feb.
t 4313 143% Feb. t4 8 Jan.
ls t p f .ln o .,5 g, all Inst. p d.’ 58
2 d p f.ln o.,5 g., atlinst. pd.*58
t 31% 131% Mar. * 3638 Jan.
3d pf.m o., 5 g „ all inst. pd.’ 38
(3031 Mar. t34*4 Jan.
Pitts. Sli. A L . E., 1st, 5 g.1940 A A O 10233b. 95 Jan. 102% Mar.
70 b. 71 Feb.
74% Jan.
Pittsburg A Western—4 g . 1917 J A J
R ioG r. western—1st 4 g . . 1939 J A J 73
74% Feb.
72% Feb.
St. Jo. A Gr. Island—6 g .,1 9 2 5 M A N 53*3 147% Jan. t5 3 % Mar.
St. L. A S a n F r.—6g, Cl. B .1906 M A N 114iab. 112 Jan. 115% Feb.
General m ortgage, 6 g ..l9 3 1 J A J l l l i a b . 108% Jan. 112% Feb.
General, 5 g ..................... 1931 J A J
97 b. 94% J a n .' 98 Jan.
6678 Feb.
R ailroad, 4 g .................... 1996 J A J ' 6578ft. 62% Jan.
69
8t. L. A So. W.—1st, 4s, g .19 89 M A N
67% Mar. 70 Jan,
2d, 4s, g., inoom e............. 1989 J A J
26
24 Mar. 28 Jan.
8t.P.M .AM .—D a k .E x .,6 g .l9 1 0 M A N 120%b. 116% Jan. 120% Mar.
1st oonsol., 6 g ..................1933 J A J 124i4b. 123 Jan. 124*4 Feb.
“
r e d u c e d t o 4 ia g .. J A J 106*2b. 102% Jan. 107 Mar.
91 iab. 87% Jan.
91*4 Mar.
M ontana e x te n s io n ,! g .19 37 J A D
59 Feb.
San. Ant. A A. P.—lst,4 g .,g n .’43 J A J
58 *a
54% Jan.
92%
92% Mar.
So. Car. A Ga.—1st, 5 g .,.1 9 1 9 M A N
87% Feb.
92 b. 90 Feb.
94*4 Jan.
So. Paolflo, Ariz.—6 g ... 1909-10 J A J
So. Paoitlo, CaL—6 g . . . 1905-12 A A O 1074ab. 108 Jan. 108 Jan,
87 Feb.
1st oonsol.. gold, 5 g ....... 1937 A A O 86%
85 Feb.
So. Paoilio, N. M.—6 g ....... 1911 J A J 103
102 Jan. 105 Feb.
91 Jan.
Southern—1st oons. g, 5 s .1994 J A J
9038
88*4 Feb.
89% Jan.
87 a. 89 Jan.
E. Tenn. reorg. lien 4-5S.1938 M A 8
E .T . V. A G .—1st,7 g .._ .1 9 0 0 J A J 109 b. 107*4 Jan. 109% Mar.
C on.5 g ....... ..................1956 M A N 109
107 J an. 109 Mar.
Georgia Pao. Ist5-6 s, g .,1922 J A J
107% Jan. 114% Mar.
A J 11413 a. L12 Jan. 115 Feb.
K noxv, A Ohio 1st 6 s ,g .. 1925
A J 121iab. 117% Jan. 122 Feb.
Rich. ADanv. oon. 6 s,g ..1915
A J 114
West.No.Car 1st oon. 6s,g 1914
111% Jan. 114 M ar.
A A
Standard RopeAT.,1 st.6g.1946
65 Mar. 79% Jan.
69%
88% Mar.
l ’enn. 0. J. A R y—Ten. D. 1st. 6g A A O 87 b. 82 Jan.
89 Mar.
Birmingham Div., 6 g .,.1 9 1 7 J A J 87 b. 85 J an.
90 Feb.
Texas A Paoilio—1st, 5 g . .2000 J A D 89 b. 85% Jan.
23 J an.
19% Jau.
2d, inoom e, 5 g ....... .....2 0 0 0 March
21%
102 Mar. 108 Feb.
Toledo A Ohio Oent.—5 g . . 1935 J A J 102
Tol. St. L. A K an. O.—6 g ...l9 1 6 J A D t 70%b. 169 Mar. 175 Feb.
101% Mar. 05 Feb.
Union Paoilio—0 g ......... ...1 8 9 s J A J 102
95 Feb.
Ext. sinking fund, 8........1899 M A S 02 b. 85 J an.
t49% Jan. 150 J an.
Collateral trust, 44a........1918 M A N
99 Feb. 102 J an.
Gold 6s, 00 L trust notes. 1894 F A A 101=3
Kan. P ao.-D en.D lv., 6 g . 1899 M A N 116 b. 113% Jan. 117 Mar.
Istoon soL , 6 g .............. 1919 M A N t 74% 167 Jan. 178 Jan.
Oregon Short Line—6 g.1922 F A A 1116 *4 t lll% J a n . 119 Mar.
Or.S.iUAUt’ UN.—Oon.,5gl919 A A O t 77% |63% Jan. t773s Mar.
37 Feb.
U.P.Den. A Gtulf,oon.,5 g.1939 J A D 35 b. 35 Jan.
U. 8. Leather—3.F .deb.6g.l913 M A N 113%a. 111% Jan. 114 Feb.
Virginia Mid.—Gen.M., 5 s.1936 M A N 102 b. 100 Jan. 103% Mar.
Wabash—1st, 5 « . . . ........... 1939 M A N 10634b. 106 J an. 107*4 Jan.
66
Mar. j 73% Jan.
2d m ortgage, 5 g ..... ........ 1939 F A A 67
A J * 21 b. 2 2 % Jau. | 25 Jan.
D eben .,S eries B ............. 1939
a j io a 78b, 1044* Jan. 107% Mar.
W estN . Y. A Pa.—1st, 5 g .l9 3 7
Gen. 2-3-48, g old .............1943 A A 0| 4 8 %b, 46% Jan. | 50 Feb.
W est.U n .T eL -C ol.tr. 5 s ..1938 J A J (*107%b. 106% Jan. 107 % Mar.
Wiso. Oent. Co 1st 5 g ,...1 9 3 7 J * J I 37 b. t37 Jan. 140 Mar
bid; “ a” p rice asked; the range Is made up from aotual sales only.
* Latest prioe this week,
t Trust receipts.
N B .f YORK STOCK EXCHANGE PRICES—(Continued),— IN ACTIVE BONDS— MARCH 1 » .
SECURITIES.
Bid.
Railroad Ronds.
(Stock Exchange Prices.)
Alabam a M1d.—1st, g., guar.. 1928
Atoh. Topeka A San Fran.—
Chicago A St. Lon.—1st, 6s. 1915
Col. Mid. 1st, g., 8s, asstd .1936
Atl. A Pac.—2d W. D., gu. 6s. 1907
Western D ivision Income . 1910
•4
Balt. A O h io - le t. 6s. Park B.1919 112%
SECURITIES.
Bid.
Balt. A O h io 93%
58, gold ................. -............... 1925
Cons, mort., gold, 5 s..........1 9 8 8
W Va. A Pitts.—" “t, g., 5 s..1990
B. A O. 8. W., 1st, g .,4 % s ...l9 9 0 *97
Monon. River, l* r, g., g .5 s ..1919
Oent’l Ohio Reor.—Ia t,4 % s.l9 3 0
98%
Ak. ACh. June.—lst.gjSs.gu.
. . .-j AK,<Vl/Q-u
UUu.- * A O U j i O 1930
ov
% Brooklyn Elevated—2d, 5 s ...1 9 1 5 *........
...M Seaside A B.R.—1st.g.Ss.gn 19421
Ask.
91
41
SECURITIES.
Brunswlok A W ’n—1st, g., 4 s .1938
Buff. R oob. A P it t s —Gen. 5s.. 1937
R ocb. A P ., 1st, 6s............... 1921
Roob. A Pitts.—OonB.lst,68.1922
Buff. A Susqueh,—1st, 5s, g ..l9 1 3
Burl. Oed.Rap. A No.- 1st, 5s. 1906
Oonsol. A eollat. trust, 5 s.. 1934
Minn. A St. L —1st, 7 b, g n .. 1927
C'ed. Rap. I. F. A N „ 1st, 68.1920
1st. Be........
1
Bid.
Ask.
96% 100
122
119*4 119%
106% io 7 * i
‘ 105
106
1021g
...
UK ( H RON IOLE.
55;
11 '
KITtBB.
Bid,
SECURITIES.
fVoi.. LX IV.
B O IU l& -f v v m in u td j— M iH G H If).
Bia.
AsH.
SHlh Hr* I a t .
Bid
Northern Pacific—
K v .A T .fL — C> Va-unn le t 6. ,192:
a o s i c - c ? o i * :a ,v 1*1,4*** 931* .........
95%
..i. On. dr lat, g „ 5 a .........1030
- o u
* 9S*?{ 94
D®ur d’ Aiem —lat, 6 s, g o ld . 3 916
d r-t•*
vana, A Indian —lat, c o n s ..1926
C, d'A lene—Gen. 1 st, g.. 6 a..193?
86
Gent* B y, o f Hi ... lav, g., 6». .1945 "1122
Flint A P. Marnuette—
N orfolk A South'n—1st, 5a ,g .194' 105 106
iViQs, ari>.
49V i
{Jattt* of
116
I f . 1998 '102%
; M ort..6a....... .........................1920
Norfolk A West.—General, 6S.1931 1?2
Oemf.
• i .l d
84
1st, con. gold, o a . . . . . .......... 1939
New River 1st 6s..................1932 115
E xt. it. 5a, ** •w». A R C 0 ..1898 1 0 0 % 101
10
<*%
101
Pt.
Huron
D
i
v
.ls
t
,
5s
...1
9
3
S
Im p. A Ext.. 6a........
19?»
•
.
.
.
.
1898
G old 3#, M*ri*
Ft*. Cen A Pen,—la t g. 5s— 1918
Col,ConD.&Ter.,l8i,Ku.g.5a.l922 l d o ‘ 102
Br„
i 900 104 106
|
la
to
o
n
.
g.,
5
a
........
............1
9
4
3
.
.
.
.
.
.
.
.
..........
1939
Ohio
A
Miss.—Oonaoi.
7
s
.......
1898
104 105
lld ft. fOw m
2d oonaol. 7a.......................... 1911
Ft, Worth A R. G — at g „ 5s.. 1928 *42
...... 1900 : : : : : 102
119*4
ZTiilit, ■If,
1*13*4
107
Sprlng.Di
v.—lat
7
b
................190ft
I
Gal.
Har.
A
Sun
Ant.—1st,
6s.
1910
103*»
.,
evXt
g.
5
8
...
1918
ioi'
OnL. A o . lm
General 5s............................... 1932
2d m orl., 7a............................ 1905 TOO
WmL PnelS« -- Bon d a, *>s. . . . 1 899} *102
:0 a . Car. <VNor.—1st, gn. 5a, g.1929
Ohio R iver R R .—1st, 5s.......... 1936 106
6lo, .Railway K*»M~-1at,6# 1907! ----93
Gen, g „ 5 s ................................193“
Houaatonle—Cons, gold 5s— 1937
...........1 9 3 8
90
SC-yesr 5s
Omaha
A Bt. L o u ls .-ls t , 4 s ..1937
o
a
l
*
*
,
68.5938
.
.
.
.
.
.
N
.
Haven
A
D
erby,
O
ons.5a..l918
52
Oont, waafetes
Oregon A O a iifo r .-ls t, 5s, g.1927
Hone. A Texas Central—
Gaea, A 0 . —Ft r. M fu n d ,68.18981 103%
125
ion
%
P
e
n
n
-P
.a
a
&
8
t.L
.(
n.g.
4
*ssAt<**'
le
t.
5
8
....1
9
4
0
W
aco
A
N,
7a......................
1903
95*4
Oimig Vall#f
110
Do
do
SerfOp B 1942 109 *a
lat g., 5a tint, gtd )................ 1937
Warn- «!*f V a l., laW g. 58., 1941
102
99%
1
0
0
"
D
o
d
o
Series
C
1942
Oona.
g.
6s
tint,
g
td
).............
1912
KM- I. A- R1g s a n d y -G . 5a 19C2
94
Debent. 6a, prin. A intu gtd.1897
Do
do
Series D, 4s, 1945
102
03ft*. O. , So. '• v*l — Is' *)8, g.1911
94
97
P.C.AS.JL-lst.e.Db................ia .
Debent. 4a, prin. A int. gtd.1897
id , 6e........................................1911
111
Illinois Centra!—lat, g., 4a...1951
Pitts. Ft. W. A 0 .—1st, v s... 191- 136%
Oh. V .—G en .eon.L t,gn .g,5e.l9S9
2d, 7 s ...................................1912 135%
lat. gold, 3*as........................ 1951 ib T
Chicago A Alton—R. F ,, 6 b-----1993 115
3d, 7 s.................................... 1912 133
111
Gold i s ...................................1952 102 104
Louis. A Mo. River—i st, 78.1000
101
2-10 g „ 4 s ............................... 1904 100
Oh,8t,L.&P.—1st,oon ,58,g ...1932 115
3d, 7*........
1900
Cairo Bridge—4 s ................... 1950
Olev. & P .—C ous., 6. fd., 7 s .1900
8t L. Ja ck,. A CMc,—2d, 7S.1898
Gen. 4 *98, g., “ A .............1<*47
Springf. Div.—Coup., 6 s-----1888
Miss.K. Bridge—1st, a, f.,S«.1912
■ -r. i s . ...1 9 1 6 ‘ 105 It
Middle D iv.—Reg., 5s.......... 1921
Do
do
Series B 1042
St. L.Y. A T .H .—l e t ,o s .,7 s .l a b .
O. St, L. A N. O.—Ten. 1., 7a. 1897 104
Ohio. Barling. A Q.—5a, a. f,.1 9 0 1 104
2d, guar., 7s.........................1898 101 %
Iowa DIt -S in k , fo n d , 5 a ..1919 '107 %
la t, eonsol., 7a....................1 8 9 7 104
G d.K .A I.E xt.—l 8t,4 *48.G.K.194 *
Gold, 5a, co u p o n ................ 1951 121*4 122%
Sin! /f u n - M a ............
1919 1 0 0 %
91%
Momp, D iv,, 1st g. 4 s....... 1951
Alleg.Yal.—Gen., gu., 4s. g .l» 4 2
Plain, 4 s ..................................1921 *88
CMcfi-'o A Iow a D iv.—5a. ..1905
N . a C n .B d g.,gen .gu , 4 *2S .g .l 945
B ellv.& So. 111., gu., g., 4% s.l897 100
P enn.R R — ist real, cat g. 4s.ln 23 107 109
Ced. Palis A M in n —la t, 7 s.. 1907
nto, A Indiana Coal—1st 5 a .1936 '9 8
Clc.A Mur’ tn—1st gu.g.4*as. Ia35
ln d . D. A Spr.—1st 7 b, 1906, trust
6.1. MU. A St, P.—U L S b,P .D .1898 1048,
D . h iv.R R .A B dg— 1 st gu.g.4s.’36
recta., e x bon ds.............................
2a, 7 3-1 Os, P. D ................... 1898 132
Peoria A Pek. Union—1st, 6s .1921 112
Ind. Dec. A W.—lat, g., os___1935 101
l o , 7 e. $ g ., R. D ....................1902 132
2d m ortg., 4*ss....................... 1921
90
Ind. Ilia. A Iowa,—1st, g, 4a..1939 *88
78
1st, I. A M „ 7 s ....................... 1897 132
78>s
Pitts. Cleve. A T o t —1st, 6 b. . . 1922
lat, ext., g, 5s.........................1943
l«t, I, A D .,7 b....................... 1889 132
sT
Int, A G. *Pn.—3d, 4s, g ....... 1921
31*4 Pitts. A L. Er.—2 d g. 5s, “ A " . 1928
1st ,0 , A M „ 7 s.......................1903 132
Pitts. Mo. K. A Y . - l s t e s — .1932
41
1st, 1. A D. E xten sion,7S ...1908 134% 136
Kings C o.-F .E l.,lst,5,g,,gn.A .1929
Pitts. Painsv. A F — 1st, 5 s ...1916
1st, La C. A Dav., 5s......... 1919 110
Lake Erie A W est.—2d g., 5 s .1941 102%
Pitts. 8hen, A L. E.—
1st, H .A D., 7s..................... 1910 128 128*4
North’n Ohio—1st, gu. g. 58.1945 103 *s 104
1st oonsol. 5s...........................1943
1st, H. A D .,5 s ..................... 1910 108 109
L. 8. A M.Sou.—B.&E.—N ew 7 e.’98 106%
Pitts. A West.—M. 5s,g.l8 9 1 -1 9 4 1
Chicago A Pacific DIt ., 6a.. 1910 118 *s 120
25
Det, M. A T.—1st, 7a............. 1906
1103s
Pitts.Y
’gst’nA A .—1st, 5s,ccm .l927
Mineral Point Div. 5 b______1910
Lake Shore—Div. bonds, 7 a .1899
R io Grande So.—1st, g., 3-48.1940
0. A L. Sup. Div., 5s.............1921 ioi'
JKal. A ll. A G. R ,—1st gu. Ss.1938
St. Jos. A Gr la.—2d ino.........1925
Fargo A South,, 6s, A -s u ...192-1 107
M ahon'g Coal K K .-la t , 58.1934
Kan. O. A O inahar-lst, 5a ..1927
Ino. oonv. sink. la n d , 5a___ 1916 100
97
L e M g h V .,N .Y .-lst gu.g.4%8.1940
111
St. L. A. A T. H.—Term. S s ..l9 1 4 104
Dakota A Gt. South., 5 s ....l 9 1 6
Lehigh V.Terin.—la t gn. 5a,g.l941 111
MIL A Nor. m ain lin e—6 a ...1910 118 8
Lehigh Y ’y Coal—la t 5s,gu.g. 1933
Bellev. A Car.—1st, 6 s......... 1923
92*s
Ohlc.ANorw.—30-year deb,5e,’ 921 H I
Chi. St.L. APad.—Ist.gd.g. 5 s 1917
Lehigh A N.Y.—1st, gu. g. 4s. 1915
St. Louie So.—1st, gd. g. 4 s .1931
90
E lm iraC .A N .,lst,g.letpf.6s.l914
Ksoanaba A L. 8 .1 s t. 6a___ 1901 107*4
Dea M. A Minn— 1st, 7 b. . . .1907
do
2d incom e ,5 s .1931
Guar., gold, 5s....................1914
Oar. A S haw t.—le t g. 4s___1932
Litolif. Oar.A West.—la t 6s. g.1916
Iow a M idland—1st, 8s.........1900
St. L. A S. F.— 2d 6s, g „ ol. A . 1906 114 115
O lio. A M ilw aukee-1 at, 7 b. 189? 101%
Little Rook A M .- l s t , 5s, g ..l9 3 7
128
2d, 6s, g., class C ................. 1906
Win. A St. P —2d, 7a............ 1907
L ong Island—
115
1st, trust, gold os............... 1987
MU. A Mad.—1st, 6 s............ 1905
lat, 7 e ......................................1898 106 106%
92
*88
Ft. 8. A V .B . Bg. —1st, 6 s ...1 9 1 0 109*4
Ott. C. F. A St. P.—le t, 5 b 1909 107
85
Perry, 1st, g., 4*as................ 1922
82
107
Northern 111.—1st, 5a......... 1910
St.L.Kan. A S.W.—1st, g .,68.1916
Gold 4a.................................... 1932
St. Paul City Ky, oon . 5s, g .. .19 3’
MU. L. 8, AW.—Con.d eb, ,5a .1907 104
N. Y. A R ’ w ay B.—ls t .g . 58.1927 *96
Gold 5s, g u a r ........................ 1937 103
Mich. D iv., 1st, 6s............. 1924
35
2d m ortg., in o .................... 1927
42%
Ashland D ivision—1st, Ws 1925
St. Paul A Duluth—lat, 5 s___ 193]
N .Y.B.AM .B.—la to o n . 5s,g.l9 35 105 108
85
2d m ortgage 5 s............ .....1 9 1 7 ibT 104
O h ,R .I.A P -D ,M .A F .D .lst4 s.l9 0 5
B rookl’n&Montauk—l8t.6a.1911
fc2*g
St. Paul Mini) A M.—2d M, 6e. 1909 121
let, 2*48............................. .1905
la t, 5 a .................................. 1911
83
Extension, 4a.................... 1905
M lnneap.D nlon—1st 6a ... 1922
No. Shore Br.—la te o n .5 s,g .l9 3 2
Ksokuk A Dea M ,- l s t ,5 t ..l 9 2 3 *104 105
Mont. Oen.—1st, guar., 6 s ..1937 116*4
Louia.EvanB.A8t. L.—Con.Sa. 1939
30
1st guar. g. 5 s .....................1937 105
Ohio. 8t. P. A Minn.—1st,6 b . .. 1918 130%
109*4
L ouis.A N aeh.—Cecil. Br. 7 s ..1907
St. Paul AS, C.—le t, 6 «....... 1919 131%
East, M inn., 1st div. 1st 58 .1908 108
E, H , A Nash.—1st 6s, g ___1919 113%
Ohio. A W. Ind.—1st, a. f., 6s. 1919
W '*trarA 8iouxF .—1st, g ,5 s.l9 3 - 106*4 110
Penaaooia Division, 6a.........1920 105
General m ortgage, 6a.......... 1932 i i T
St. Louis Division, 1st, 6 s ...1921
98
124*4 San Fran. A N. P .—1st, g., 5s.l919
Ohio. A West. M to a .-S s.........1921
Sav.Fi.AWest. -1 s t , con. g.6a.l934
2d, 3s.................................... 1980
57
Oin Sam . A D.—Con. a. f „ 7a.l905 ■116
acat.L.S.AEast.,lst6a,as=iD.pdl93 1 ■3T
45
Southern—Ala. Cent., 13103.1918 110 112
3d, gold, 4 4 e ......................... 1937
Oin. D. A IF n —let, go. 5s,,'.1941 109*4 111
A il. A Char.—lat, pref., 7b. .1897
*99% 100
Olev. Ak, A Col.—Eq. A 2d 6s. 1930
Incom e, 6a......................... 1900
*90
Olev. ACxn.—Tr.otfs.forlatfis. 1917
75'
102
71
Colum. A Green.—1st, 5 -6 s.l9 1 6
Coliat. trust, 5a, g .
a 0 . C. A St. L,—Gen,, g. 4s 1993
fi. i'ei)u. V. A G a.—Divts.as 1930 112
L.AN. A M .A M .-lt
Cairo division, 1«.................1939
RiOh.A Dan.—E q. a. £. g. 5s. 1909
90
Naah.Flor.A 8,—1st,
St.Loti.XMv.—1stool. ts’t48,g. 1990
95
Deben. 5s, sta m p ed _____1927
95*4
*85*
ss”
98
V ir’ a Mid.—Serial ser.A , 6s. 1906
*105
Spring. AOol. Div.—l«t,K. 4». 1940
W UteW .Val.Dlv.—lat,g .4s. I94C
Series B, 6s...........................1911
./OU.AJ eft. Bd ge 6 o .can. Wah. A M. Di V, - 1 e t,g. 4 -. 19 « i
90
Series 0 , 6s.......................... 1916
Lou.N.Alb.ACk,—Ge
43
45
Oin, I. Bt, L. A O.—lBt,g..4e.l93t 101 102
Series D, 4 - 5 s ..................... 1921
Memphis & Chart.—
Oonaol ,6 a ............................... 192t
Series F , 5 s . . . . ....................1931
M exican Cent. Cobb
........
01u.8an.ACl.—G on.lst,g.5s, 192? 109
Wash.O.AW.—1st cur.gu.ls.1924
le t, oona. in co m e :
80
Indiana B. A W.—1st pr.7«.190i 107*4
Ter. A s’n o f St. L.—1st, 4 *48,1939 109*4 111
M exican National—3
Ohio Lnd.A W .~latpref, 5a..1931
1st, oon. «. 5s...............1694-1944 1053a
2d, incom e, 6a, “ A
Peer. A Eaat.—Incom e 4a .. UuO *12
16
8t.L.Mer.Br. Term .,g.os.gu..1930
2d, incom e, 6s, “ £
O. Ool Can. A Ind.—1st. 7a,a.M 89t 108
A N ew O rlean s- lst,7a. 1905
Miohigan Central—6
....... Texas
Oonsol. aink. fund, 7 « ........... 1914
Saoine Division, 1st, 6s ....... 1912
lift
Cln, AS pr.—1st.O.O.C. A I.7a. 1901 111 113
Consol. 5a. g ...........................1943
104 Ss .......
M ortgage 4a..........................
93
Clove. Lorain A Wh.—lat, 5 s .193.
Tex. & Pae., E. D.—la t, g. 69,1906
Bat.O.A8trgi«.—lst,3a,g.gu
Cleve A Mali. V.—Gold. S « ... 1988
Third
Avonue
(N
.Y
).-la
t
5a,
1937
*141
Minn.A 8t, L.— 1st, g. 7a’ ® ....
121*9
Del. Lack. A W. - i ort. 7a___1907 125 \
77
Iow a Extension, la t,7 s....... 1909 *127
....... T.AO.O.—K u n.A M ., Mort. 4s.l990
Syra. Bing. 't» , Y,—lat, 7*,I90t *126*4 130
ToL Poo. A WesL—1st, g,, 48.1917
65%
Southwest E xt.—lat, 7a....... 1910
62*4
Morris A
1st. 7 a ....1914 *142% 141*4
Pacific E x t —1st, 6 s .............1921 121% ......... Ulster A D el.—1st, con.,6.,5 s .192
Banda, 7 * . . . . . . . .
. . . . . . 190L li t )
Union Pacific—la t, 6s .............189* 101*4
T aof 1871..........
........... 1901 115
1st, 6a....................................... 1837 101% ____„
HI""
l» t , con., guar.,
.......... 191." 143
lat, 6s ...................................... 189a 102 103
70*s 72
Warren -2d. 7a ...
......... 1H>
Collateral Trust, 6s...............190>
99
Dal. A Waco—1 s t,5s, g u .... 1940
76
- r-- ■-«
D AD.Can —Pa.Div
mp.7a.19l7 140*4
Collacoral Trust, 5s....... ....... 1907 *73 . _____
Missouri P acific—’T rust 5 a ...1917 A
75
A lbany A Snwj —I
to ,7a 1906 125 127%
Kansas Paoiflo—1st 6 s, g . .. 189r 104 109*4
ls to o B .,5 8 , g ........................ 1920
51
......... 1906 118*4 119*4
iat,oon s., onar.
1 st, 6a, g ................................18W> 113 114
St L .A I. M .~ A rk.£ r.,l8t,70.1895 104 107
B ci' 0. A Bar. l » t ,, coup,, 7 s.1921 147
O. Br, U V. - F . 0., 7 s .......... 189
*50
60
Mobile A Ohio—1st ext., 6 a ...1927
Oanv. T ra u -w ay -fV'*>n*. 6s, K .l91 o
Atoh. Col. 4 Pac.—1st, 6a ...1901
29
--- it.
Bt. L. A Cairo—4s, guar....... 1931
........
M etrorol. H) .~ 3"t.gtt,
bi
1911
Atoll. J. Co. A W.—1st, 6s .. .1905 *2 ;% 28
Morgan's La. A T.—lat, 6s.. ..1920 iT£T
Denv. A R. G.—Impl*..g , 8s. ..1928
U. P .L in . A Cot.—lB t,g„S s. 191:
80
......
lat, 7a................
1918 125%
DbLM. A M.—L. » 8*»«,»sr.A 1911
19
Utali A North.—1st, 7s....... 190: 1 1 7 "
20
Nash, Chat. A 8i>. L ,—2d, 6a. .1901
I et. A M ivk.— l s Men, 4a,g . 1995
____,^r
Gold, 5 b. . . . ..........................192i. 100
88
N, O. A. No.
Pr. 1., g!, 6 s ..1915 lO o”
4a, g o l d ........... ................... 1995 '#5*
Utah Southern—Gen., 7s ..1 90'
77
N. Y. Central.—Deb. g. 4a....1 9 0 5 103% 104%
Brie—lift, exten t
7 a ...----- 1897 l o y *a 109*4
Extern, 1st, 7 s....................190:
N. ,T. Juno—Guar. 1st, 4s. ..1 98b *104
76*4
106 i
2d, wKSettded, 5: ------- ,,....1 9 1 '., 117*4
Beech Creek—1 st,gold, 4 s ..1936 *lu7^s 108%; Wabaah—
3d, ©ktehded, 4 a................ 1923 110*4 1*13*4
Debenture, Ser. A ...............1939
Oaw. A Rome—2d, 5 s,g.,gu .l9 1 5
4th, attended, l ...................1920 119 121
Debenture, Series B ............ 193 ) *¥ £" 2S""
Utica A Bl. B iv .-4 a , g , gu,1922 103*4
■<i.4( ....... ........... 1928 101
6th, a t!
_
Det, A Chic. E xt. 1st, 5 s ,« 194c
96
N. Y. A Put. -1 s t, K-,
gu, 1993
t st. non., g,, r d . 7s ........... 1920
St
L.K.O.AN,—8t.C. BtigeOs. 190
106 108%
H. V. N. H. A H.—lat, rev, 48.1903
B. » . Y. v :
L 7 * ...........1916
138 IN. Y. A Northern—lat, g. 5 s ..1927 120% 121*4 West N.Y. A Pa.,geu.g. 2 -3- 4S 1943
48% 49*3
B *8. A 8. W
>rs* 6 a ... l908i '101
14
Incom e 5a___ . . . . . . . . . . . . . . . 1 9 4 3 *13
N. Y. 8usq. A West.—2d.4*48.1937 *69
77
leS etson —1:
J. 6 5 * ----- 1909 107
West. Va, O. A Pitta.—1st, tic 191 i
Termtual, 1st, .. 5 »..............1943 106*9
CO**. A KK. 1922:
92
Wheel.A.L.E.—1st.
f*s,
v
oid
.,
i
91
Wiik.A East,-le t,g td .,g .S a .l 942
88% 90
D ock A Iu.pt.,la : *'*, o o r’ oy 1913 i i e
......
Wheeling Div., 1st, 5s, g . . . 1928
117*4 .Northern Pan.—
B ran*. A T,tS. oon *,, 6» . l 921 112 114
Extension A Imp. g., .*>».___19 0
8t..Pau) A N . P.—Gen., 6 a ..1923 *125
l» t ,
.
:-.i
,
1012 *80
Wla. Cent, incom e to.
1937
14
Du),A Mat*,—■
* nt.g.Os,tr.reo.1936 *81
No price r r, --tv ; these are the latest quotations made tills week. F o r .'lU c o lla tt e a u s B » n d » —See 3d page preceding.
THB
Ma r c h 20, 1 8 »7 .,
HRONK’LE
inuestmcut
R o ads .
-------------------------- ,---------
flail road intelligence.
E A R N IN G S .
The
f o l l o w i n g t a b le s h o w s t h e g r o s s e a r n in g s o f e v e r y
r t f a m r a ilr o a d fr o m w h ic h r e g u la r w e e k ly o r m o n t h ly r e tu r n s
c a n he o b t a in e d . T h e first t w o c o lu m r s o f fig u r e s g i v e th e
g r o s s e a r n in g s f o r t h e la te s t w e e k o r m o n t h , a n d th e la s t t w o
c o lu m n s t h e e a r n in g s f o r t h e p e r io d fr o m J a n u a r y 1 to an d
in c lu d in g s u c h la te s t w e e k o r m o n t h .
The 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 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 su b s e q u en t p a g e .
Latest Gross Earnings.
R oads
W eekor Mo\ 1896-97.
Latest Gross Earnings.
Week, or Mo 1896-97.
AND
R AILROAD
569
1895-9G
Jan. 1 to Latest Date.
1896-97. I 1895-96.
$
20,768
30.116
64,223
17,730
196,547
A dirondack------ December.
27, 92
3 1 8 ,U 0
Ala. Gt. South. 2d wkMar.
71,681
71,681
Ala. Midland -.. January...
Pac. June
Ala. N. O.Tex.
107,141 108,872
224,141
N Orl.A N. E, February
49,389
45,969
103,389
Ala. A Vicksb. F eb ru a ry .
49,403
1c l.4 0 3
44,625
Vicks. 8h. a P February
177,397
Allegheny Val. January... 177,397 1>-8,716
20.386
233,124
23,981
Ann A rb or....... 2d wkMar.
7,939
8,502
7,939
Ark. M idland... January...
Ateh. T. A S. Fe. January... 2,237.139 2,484,6»4 2,237,139
150,662 20 ,071 1,598,047
Atlanta A Char December
53.H19
50,913
: 3,619
Atlanta A W. P. January..
12,883
10.054
90,820
Atlan. a Dauv. 1st wkMch
314,497 317,659 3,530,561
A tlantic A Pac December
6.693
Augusta Sout’ n January...
5,402
6,693
17,254
Austin tfcN’ west January...
20,601
17,254
2 ,luu
43,800
Balc.Ches.A Atl F eb ru a ry .
23,173
Balt. A O h io___ F eb ru a ry . 1,725.235 1,538,* 05 3,676,079
97.026 120,099 1,170,602
2d wkMar.
Bal. A O. Sou’
53.499
50,025
53,499
Bangor AAroosl January...
2,026
2,026
Bath A Hatn’ nd; January..
2,0a 6
1.783
3,292
Bir. A Atlantic. F ebru ary.
1,846
50,892
52,610
50,892
Bruns w’ k A West January...
53,346
Bull. Koch. A Pitt 2d wkMar.
52,185
579,310
34.881
32,62s
71,944
Buffalo A Susq.. February *
7 -.047
087,455
Bur.C. Ran. A ft. 1st wkMch
97,045
CanadianPacilk 2d wkMar. 323,00
342,Ou’ 3,2a 1,924
7,171
Oar. M idland... February
12,290
5,657
508,631
Cent, o f Georgia January... 508,631 522,551
855.210
Central of N. J. January... 855,216 1,009,568
Central P a d tic. January... 85 8,9.3 856,490
858.913
3,585
Chari. Cl. A Sut. November.
49,780
4,045
64,986
Chariest’n <te8av. January..
53,478
04,986
Ohes. A Ohio___ 2d wkMar. 220,797 180.877 2,084.029
Chic. Bur. A O .a January... 2,672.628 2,593.604 2,072,028
Chic. A East. Ill 2d wkMar.
72,993
815,134
77,010
95,588 122,316
Chic. Gt. West’ n 1st wkMch
804,252
Ohlc.Mil. ASt.P. 2d wkMar. 514,334 630,544 5,168,993
Chic. A N ’thw’ n January. 2,096.136 2,447.369 2,096,136
Ohio. A No. Pac. January...
84,895
84,895
67,3 54
69.300
Chlo.Peo.A8t. L. February .
82,334
133, t b l
Chlo.K'kI. A P .. February . 1,070,83 1,117.551 2,091,644
Chlo.St.P.M. AO. January... 537,923 6 1 .,786
537,923
Chlo. A VV. Mich 1st wkMch
27.842
239,555
29,750
Choc. Ok. A Gull January..
112,903 129,484
112,903
Oln.Ga. A Ports. February
3.430
7,614
4,258
01n. Jack. A Mac 2d wkMar.
12,187
129,273
14,161
Oin. N.O. A T. P. February
261,514 266,055
521,796
Oln. Ports. A V . January..
17.652
17,052
21,553
Clev.Can. A So.. 1st wkMch
12,099
10,340
100,31
CLCin.Ch.ASt.l- 1st wkMch 220.238 220,080 2,239,728
Peo. A East’n January... 125.407 154,799
125,407
CLLor. a Wheel 1st wkMch
19,327
22,909
Col. M id la n d .... February . 117,785 140,750
245,334
Coi. ii. V. A Toi. F e b ru a ry . 157.744 209,735
335,841
Col. A Red Mount Jauuary...
11,226
11,226
OoL Sand’y A n January...
61,444
61.444
60,219
Colusa A Lake. F eb ru a ry .
1,400
2,650
1, LOO
C rystal........
January...
463
4 t3
1,178
Cumb’I’d Valley January...
55,184
55.184
63.703
Denv. A Rio Gr id wkMar. 108,70c 126,000 1,129,005
Oes M. A K an.o st wkMch
2,826
24,780
2,187
Des.M.N. A W. F e b ru a ry .
28.032
56,399
38,952
D et-G .R ap.A W ‘ at wkMch
20.8Z3
19
i,506
19,137
Det.A Mackiua* Jauuary.
27.464
27,464
39.656
Duluthtt.S.AAtl. 1st wkMch
22.475
215,203
38.681
ElginJ ol.A E a«i F ebru ary .
95.297 101.750
172.268
E rie .................. . Jauuary... 2,222,620 2,344,0 77 2,222,620
Eureka Springs December.
5.591
01.264
4,96 i
Evans.A lnd’phs 2*1 wkMur.
3.205
40,489
5.866
Evans, a Rich. 4th wk Feb
1,452
2,401
9,001
Evansv. A T. II
1 wkMar.
12.436
181,085
22.341
Fitchburg.......... January..
527.7t8 598,018
527.708
Flint. A P.Marq. 1st wkMch
51.132
407,400
52,394
Fia.Cent. A Pen. 1st wkMch
52.207
403,959
43,660
Ft. W’ thADen.C. 1st wkMch
19,791!
172,985
17,193
Ft. W. a Rio Gr February .
20,130
46,577
29,031
Gads. A Att. U F ebru ary.
682
1,369
799
Georgia R R ....... 1st wkMar
33.298
325,900
34.715
Georgia a A la.. 2d wkMar.
19,756
226,980
11,122
Ga. Car’ la A No. January...!
90,922
90,922!
93,330
Geo. So. A F la.. January...
79,052
79.052
86,146
Gr. Rap. A I n d .. 2d wkMar.
35,093
340,9751
37,360
Cln.K. A Ft. W. 2d wkMar.
7,078
70.589
9.095
Traverse City 2d wkMar.
792
7,479
916
Mas. G. K. A I. 2d wkMar.
1,8301
20,3-1
2,7851
Tot. all lines 2d wkMar.
44,793
439,425
50,156
Grand T ru n k ... Isf wkMch 324,79i
311,412 2 842*287
Chic. A Gr. Tr. 4th wk Feb
57.942
468,026,
75,719
Det-Gr.H. AM 4th wk Feb
17,850
146,785
10,780
Cin.8ag.AMac 4th wk Feb!
1,970
15,482
2,039
Tol.S. A Musk. 4th wk Feb
1,921
15,310
1,493
Great North’ n—
St. P. M. A M F ebruary. 790*45
880,30*1 1,584,881
E astof Minn.. F ebruary.
172*050
7 7,178 122,570
MontanaCent. February . 148,090 143,939
290,211
Tot. system February . 1,021.727 L, 146,818 2,053,142
GPlf B’mntAK.C. February.
16.053
7.911!
2,375
Gulf A Chicago. February.l
7,653
4.181
4,270|
Hoos.Tun. A Wll. F ebruary.;
6,801
3,922;
3,048;
Hous.ATex.Cen January.. . 240,520 273,533
240,520
DUnols Central r February .11 803 737 t 1755278 t 3.713.542
,
$
201,229
289,717
64,223
235,872
99,969
92.625
188,7 L6
218,735
8,502
2,484,664
1,752,9 6
50,913
89,931
3,589,116
5,402
20,601
49,273
3,355,937
1,217,667
50,025
2,046
3,974
52,610
578,546
68,541
840,990
3,447,058
lo,86 2
522,551
1,009,508
856,490
43,89o
53,478
2,083,388
2,593,604
832,013
870,820
5,856,411
2,447,369
67,754
157,385
2,300,435
612,786
25 ,411
129,484
8.859
138,910
543, t57
21,553
99,557
2,293,088
154.799
290,217
412,309
60*219
2,000
1,178
63,703
1,312,606
18,594
74,164
174,316
39,650
316,617
209.0 <2
2,344,077
02,889
59,864
12,685
232,235
590,010
504,4^0
355,400
160,013
66,850
1,702
339.0 3
124,924
93,330
86.146
382,814
84.337
9,303
24,808
501,342
2.841,716
515,322
132,515
19,635
9,708
1*732,724
228,039
298,530
2,259,299
8,838
7,244
7,432
273,533
907
1895-96.
$
8,599
79,015
54, •-•39
47.394
42,919
3,880
30.668
Jan. 1 to Latest D ate.
1896-97. I 1895-96.
Ind.Dec.AW est. 1st wkMch
7,803
77,919
88,741
Ind. 111. A Iow a January..
70,532
70.532
79 015
In.A G t.N orth’n 2a wsMar.
64,214
673,235
637,525
[Interoc. (Mex.) Wk.Feb.27
54,021
39 ,779
343.003
Iow a C entral... 2d wkMar.
29,291
306,226
422,057
Iron Railway. . February
3.312
7,008
8,098
Jack. T. A K. W. February
27,98
54.974
59,199
J airiest’n A L. E J anuary..
2.313
2,313
Kanawha AMicli 2d wkMar.
8,180
87.328
8.849
*94*401
K.C.F.Scott AM. 1st wkMch
88.704
778,572
76.0
795,016
K.C.Mem. A Bir. 1st wkMch
25,985
19,221
240.059
230,116
Kan. C. N. W — February .
32,15
21,54'”
63,416
46,399
Kan.C. A Beat. December
768
37'
4,993
4,954
K an .C ityA O m . a wkMar.
3,649
1,597
45.242
17,312
K.
C.Pitts. A G .. 2d wkMar.
32.797
11,923
264.' 93
122,163
Kan.C. Sub. Belt 2d wkMar.
6,801
5,43u
66.840
51,462
Keokuk A West. 1st wkMch
6,974
8,042
63,002
76.560
7.065
L. Erie A ll & 8o. February 6,049
14.234
12 420
L. Erie A West. 2d wkMar.
60,322
639,739
62,008
689.969
Leliigh A H u d .. February .
29,110
30,826
55.617
61,427
L ex’gtonAEast. January"..
13,5 8
13.528
17.481
17,487
Long Island — February . 183,278 191.330
383.74*
397,291
Los Ang. Term February .
5.628
9,639
10.366
17,375
Louis.Ev.ASt.L 2d wkMar.
26,787
28.592
253.032
274,566
Lou.Hen.ASt.L. 1st wkMch
6,87
8,149
76,272
75,853
Louisv.ANashv. 2d wkMar. 389.750 307,770 3,933, 81 4,042,078
Louis.N.A.ACh. 3d wkSept
58,404
73,78- 2,209,409 2,272,642
Macon A B irm . J anuary...
5,607
7.290
5.667
7,290
M anistique___ February .
13,395
10.0 i 5
23,5 8
21,209
MemphisAChas i 8t wkMch
26,991
233,534
22,943
261,365
[M exican Cent.. 2d wkMar. 258,334 202,607 2,576.956 2,006,477
Mexican Inter’l. January... 260.986 234,547
260,986
234,547
[Mex. National. 2d wkMar. 116.837
85,404 1,111,097
951,469
Mex. Northern January..
75, 48
53,408
53.408
75,948
[M exican R’ way Wk.Feb.27
78,500
61,50
576.000
490.000
Mexican S o----- 4th wk Feb
12,49u
12.4 60
109.059
85,117
Middle Ga.AAtl. December
7,489
8,381
Minneap.ASt.L. 2 d wkMar.
36,735
40,247
335,666
370,668
M.
St.P.AS.St.M 1st wkMch
51,497
65,057
473.197
547.970
Mo. Kan. A Tex 2d wkMar. 174,052 205,237 2,191,79
3,338,990
Mo. Pac.AIrouM 2d wkMar. 403,0m.
367.0 • 4,336,000 4.268.000
Central Br’ch. 2d wkMar.
19,00*
12.004
215.00
138.000
T otal.......... . 2 d wkMar. 422.00'
379.00
4,551,00’ 4.406.000
M obile A Birm.. 4th wkFeb
51,435
7,710
5,594
49,543
Mobile A Ohio February . 325,602 289,510
648,399
589,431
Mont. A Mex. GU F ebruary. 111.7 <7
215,152
86,874
1 9 1 / 34
Nash.Ch.ASt.L. February.
420.982 419,338
834.033
882,937
Nel. A Ft. Sh’p ’u Januarj'...
9,754
9,754
4,247
4,247
Nevada Central. December.
4,499
37,23
2,737
30,156
N. Y. C. A H. R .. February . 3,301,460 3,206.641 6,441.403 6,684,607
N. Y. Ont. A W .. 2d wkAIar.
01,238
51,514
620.026
602,132
N.Y.Susq. A W .. January...
180,475 178,495
180,475
178,495
Norfolk A West. 1st wkMch 2o0,960 212,304 1,820,768 2,017,393
Northes’n (G a.). December.
6.35
66 032
6,680
54,661
North’n Central January... 52 >.880 511,209
525,886
511,209
North’n P acific. 1st wkMch 259,336 269,723 2,350,937 2,588,677
Oconee A West. February .
6,022
3.096
2.936
5,892
Ohio R iver........ 2d wkMar.
17.905
159,403
17, 84
182 136
O h ioR iv .A Chas F ebruary.
18,766
33,827
18.568
37,349
Ohio S outhern.. F ebruary.
51,12s
97,052
63,363
129.881
Ohio V a lley ,.. . . November.
22,r-83
31,584
334,244
309,055
Oregon Imp. Co. January... 242.687 244,205
242,687
244,205
Oreg.RR.ANav. F ebruary.
250,768 295,294
558,514
668,232
Pacific Mail.......January...
356,707 303.473
356,707
303.4 73
Pennsylvania.^. Ja u u a ry ... 4,755,671 4,993,771 4,755,671 4.993.771
Peoria Deo. AEv. 2d wkMar.
179,382
17.420
17,747
181,589
Petersburg........ January...
46,857
39,77o
39,778
46,857
Phil a. A E rie... . January.
254,057
254,857 289,U95
289,095
Phila. A Read... January... 1,538,427 1 787,116 1,538,427 1,787,116
Coal A I r .C o .. January. 1,694,00 1.853 451 1,694,066 1,853,451
Tot. both Co’ s. January.. 3,232 493 3,640 567 3,232,493 3,640,567
Ph. Read. AN.E. January...
42,428
42.428
50,599
50,599
Pltts.C.C.ASt.L. February . 1.069,272 1,177,000 2,108,423 2.413.771
Pitts.Lisb.AW ’u February .
7,576
3.780
3.483
6.958
Pitts. Sh. A L .E . February .
68,206
34,652
94,766
40,8 i 1
Pittsb. <& Wes’ n. 2d wkMar.
25,184
249,668
2 9 .i88
266,737
Pitts. Cl. A T o!. 2d wkMar.
126,016
12.907
15,195
140.049
Pitts. Pa. A F . 2d wkMar.
4.504
34,011
3 241
30,136
Total system .. 2d wkMar.
41,332
416,201
48,947
444,280
Pitt. Youug.A A . February .
142 462
121,953
58,638
6S.658
u u in c y O .jtK.C. January...
2 1 ,2 2 0
23.387
23,387
21,220
Rich.Fr’ksb AP. January...
48,564
48,564
54,818
54.048
R ich.A P etersb. January...
23,471
27,980
23,471
27 980
R ioG r. South’n. 1st wkMch
6.953
78,537
56.218
6,106
Rio Gr’ de West 2d wkMar.
398,695
38.300
38.700
378,360
82,149
11.353
85.341
Sag.TuscolaAH. Septemb’r.
11,187
St.L. Ch.A St.P. January...
20,865
23,653
23,653
20.865
10.721
St.L.Ken’etASo. F ebru ary .
8,276
4,820
4 08 7
415.640
St.L.ASanFran. January... 415,640 492.g50
492,856
932,339 1,031,424
St.L. Southwest 2d wkMar.
81.300
84.700
177.792
St. Paul A Dul. February .
91 024
187.649
87.157
151,922
San Ant. A A. P . j anuary...
151.922 143.7S1
143,781
SanFran. AN.P. F ebruary.
97,254
87 895
42 855
50,y53
307,672
Sav. Fla-AW est January... 307,672 303,649
303.649
50...32
sher.slirev. ASo. 4th wk Fob
6,653
50,740
8.0o9
12.151
SiL Sprs. O. A G J anuary...
15,470
12,151
15,476
52,260
Sli vert-on.......... December.
12.471
77,140
3,55 i
1,114
2.974
So.HavenAEast February .
1,641
2,138
So. Paoitic Co.
474.563
377 531
Gal.H ar.AS.A Jauuary... 377,531 474 563
96,497
96,497
87 437
Louis’ a. West. January...
87,437
5i 3,569
430.563
Morgan’sLAT. Jauuary... 436,563 503 5o9
15,745
15,745
23.797
N .Y .T. A Mex. January...
23.797
128,106
126.095
Tex. A N . OrL. Jauuary ..
L28.106
126,095
Atl. P rop’tes.6 Jauuary... /1009758 f l 241407 H ,0 6 9758 11,241.487
Pacific system Jauuary... 2.314,425 2 383 408 2 314 425 2,383 488
Total of all.e January... 3,381.163 3.624,975 3,384.183 3,624,975
799,098
729,536
So. Pac. of Cal. J anuary... 729.536 799,098
212,073
212,977
So.Pao.ofAriz. Jauuary... 212.073 217.977
103,044
103,297
So.Pae.ofN.M. January...
103 297 103.014
153,980
157,314
Northern K y .. January...
157,314 153. 80
Southern R y ___2d wkMar.
378,916 351,422 3,894.196 3,860,239
25,778
46.655
Spok.F’ls A Nor. Jauuary...
25.778
46,655
76,546 1,C78,G57 1,106.132 '
Staten l.Rap.Tr. November.
77,017
1,112 fe f
1 ,1 1 2
776
Stony Cl. AC.Mt. Jauuary...
770
86,695 ^
75.914
86,695
Summit Branch. Jauuary...
75,914
82.580
80,041
82,580
Lyk. Val.Coal. January...
s 0,011
109,275
155.95
T ot’l both Co’s Jauuary...
155.955 16 *.275
46.381
4.4
19 41,706
Texas Central.. 1st wkMch
4,488
Texas APaoltto. 2d wkMar. 110.730 111*603 1,354,770 1,355,443
5,835
5,462
Tex. S. V .AN.W . February .
2.568
2.301
342,130
312,876
31,651
Toi.AOhloCent. 2d wkMar.
25,876
192,147
165,295
20,909
fo l. P. A W est.. 1st wkMoa
19,153
307,469
42 o,^65
34.342
37,699
ToL Ht.L.AK. 0 . 2d wkMar.
240,382
2 47.247
U .P ao.D. A G .. January... 248,247 240,3a-
THE CHRONICLE.
560
Urm§ Morning*
Hoad*.
1896-97.
*
U nion P*o!fle—
8
937,359
937,326 1,901,714
380,700
897,809;
397,986 388,70*
120,027
210,129
11,500
19*800
123,291
17.000
19,000
11*,655
25,416
33,05!
3 3 ,0 6 1
25,416
62,338
78,555
78.555
62,338
1,692.623 1,545.629 1,682,623 1,515,629
201,850 233,317 2,116,040] 2,370,570
19,138
: 15,149
15.149
18,138
134,592
123,955'
123,955 134.592
170,001
77*250;
162,412
73.139
380,962
390,973
33.080
3 1, 0 1 $
51,887
87,215
51,657,
57,215
442,999
459,191
52.100
47,200
225,709
17S.2619,094
17,081
70,440
72,74!-'
735,29 1 723,790
17,772
15,929;
7,729
8,68*j
6,130
5,731
l*n. Fac, BR. January.. . 1,001.714
Or.S-L-AU . K. January.. .:
9t>J<Ms.AOiiI*> 24 wtSljv
cent-Miiiticti.i 2.1 v t l l i r
Aah.Ool.AF. I January..
Jan. 1 to Latest l> a f-
li< week o f March.
1895-96Kansas City & Omaha. ..
Keokuk At Wes term ......
Louisville 11end.A Bt. L ..
M amnntsA Charleston..
Minn. St. P. A 8. 8. M ___
Northern Paoitto..............
'.Ohio R iv e r ............... .
Texas Central..................
folod o Peoria & Weat’u ..
West5T. Y. & Pennaylv
IVtL. EXIV.
1897.
1896.
s
3.640
6,974
6,874
26.991
51,497
259,336
15,834
4,438
19,153
47,200
$
1,697
8,042
8,149
*22,943
04,057
289,7281
Increase.
Decrease.
$
2,052
1,048
1,068
1,275
"£3,560
10,387
3,805
1,41H
Ach.J.C.A W(
69
20.989
(5»a.Bt.AL’dI.. January.,
“ 1,816
52,100
©r*d total,*. January.. .
4,900
« » b h » U ....... . . . . 24 wteMar.
Total
'7*1
r
o
a
d
s
)...
.
.
.
.
.
6,032,802 6,056*074
337,110
•W#eo <fcJfe*ww. J an u ary ..
310,382
"fnt !nn««Aaina '0*4 1 vn a
W.J&r*»yAS«#'e J annary.. .
26.728
W .F.O aa.A Pttv February .'
December
WMt V s .* Pitt*
ft’w t o n at Ala. January..
INet Earnings Monthly to Latest Hates.—The follow ing
h
W oatN .Y A P s
shows the gross and net earnings to latest dates o f all S t e a m
Wueel. & I.. Erl'
railroads furnishing m onthly statements. The com pilation
Wisconsin Cent 24 Wk.Mnr
W nchtav.A Ten February
in clu d e every road from w hich w e can get returns o f this
York Southern.
character and in that form ia given once a month. Early re
* Figures given do not Include Oregon Ry. A S ay ., On. Pao. D e n v e r * turns art published from w eek to week, as soon as issued, but
lu ll, Denver Leadvtlle * Gunnison, M ontana U nion and Leavenworth for the convenience o f our readers all the roads m aking re
fopekn *, South vestern. « These figures Include results on eased lines.
t> £Deludes earnings from terries, e tc,, not given separately. J M exi turns ai e brought together here in the week in w hich w e pub
can onrreBov. c Inolndes on ly h all o f lines In w hich u n ion F aetdo has lish ouj monthly article on net earnings—say on or about the
20th of the month.
a halt interest
o' Includes operations o f Che Ohio, Burlington A N orthern in b o t h
77(« returns o f the street railways we give by themselves
year*.
under a separate head at the extreme end o f these tabulations
1 Covers results for lines directly operated east o f Pittsburg.
—see page 563.
tIn clu d es results on otflU&ted lines.
/■Cover* besides the Atlantic System the Houston A Texas C e n tr a l,
Gross Earnings.—
-We/ Earnings.Austin A Northwestern, Central Texas * Northwestern and Ft. W orth
1896-7.
1895-6.
1896-7.
1895-6.
ft New Orleans.
Roads.
$
S
$
1 Includes St. Louis Alton A Tarro Haute fo r all periods.
A d iron d a ck .............. Deo.
17,730
20,768
5,532
10,676
Jan. 1 to D ec. 31.......
19G’ 547
Latest tiro»» E arnings By W eeks.—The latest w eekly earn
201,229
61,494
74,004
lu g s m the foregoin g are separately sum m ed up as follow s :
Alabm uaGt 8outha..Jan.
135,174
121,697
40.338
36,407
Ju ly 1 to Jim. 31. . . .
994,219 1,077,760
378,197
For the second week o f March our preliminary statement
412,693
71,681
01,223
c ivers 45 roads, and shows 0-53 per cent decrease in the ag A labam a M idla n d ....Ja n .
18,172
24,218
Ju ly 1 to Jan. 31.......
407,900
384,270
86.069
72,449
gregate aver the same w eek last year.
Allegheny V a lle y ....J a n .
177,397
188,716
62,317
54,181
Ann A rbor...... .......... Jau.
98.590
85,550
28,869
1896.
Increase. Decrease.
2d week o f March
1897.
Arkansas M idland.. .Jan.
7,939
8,502 d ef.-1,034
3,028
$
*
*
Atch. Top A S. Fe. ..Jau,
2,237,139 2,484,664
8
*437,955
763,636
30,116
2,524
Alabama G l. S outhern...
27,592
July 1 to Jan. 31. ...1 8 ,4 2 4 ,3 0 6 17,894,026 *5,424,553 "4,309,151
3.595 A tlanta A W. Point..Jan.
20.386
23,981
Ann A rbor...............
53,619
50,913
26,490
22,386
23,073
Balt. A Ohio Southv
120,099
97,026
July 1 to Jan. 31.......
3-11,033
344,010
148,»9 7
147,100
____ ..^4'
Buflalo Booh, A P lttsb’g.
53,346
62,18s
1,161
Atlantic
A
Danville,.
Jan.
40,864
39.747
7,286
19.000
342.000
3,311
Canadian P acillc___
323,001
July 1 to Jan. 31.......
317,998
335,965
75,057
39,920
80,072
220,797
Chesaueake A O h io.
180,877
72,993
77,011
4,017 A tlantlo A P aoitto....D ec.
Chicago A East. Illinois.
314,497
317,659
65,701
55,115
514,334
630,544
116,210
Chicago Mllw. A 8t. Paul
Jan. 1 to Dec. 31....... 3,530,561 3,589,116
759,298
358,6-16
14,161
Cln. J act-son A Mackinaw
12,187
1,974
July 1 to Dec. 31....... 1.617.C61 1,776,577
375,695
165,519
108,700
126,000
17,300 Augusta S outhern....Jan .
Denver A Rio G rande...
6,693
5,102
2,073
1,313
Bvansv. A Indianapolis
3,265
5,866
2,601
17,254
__ _
20,601
Kvanev. a T erre Haute.
22,311
9,905 Austin A N orth w ......Jan.
6.048
5,020
12.436
11,122
Georgia A Alabama.
19,756
8,634
B altim ore A O luo.b.Jan. 1,950,841 1,817,932
__________
291,282
413,203
Grand Rapids A Indiana'
35.093
37,360
2,267
Ju ly 1 to Jan. 31------ 15,464,193 14,550,948 3,676.094 4,518,088
Cln. Rich. A Ft. Wayne i
9,095
.... ....
2,017 Balt.A Ohio Southw.. Deo.
7,0 7“
546,291 545,708
188,395
171,718
Traverse C ity ...............
792
916
124
Jan. 1 to Deo. 31....... 8,147,633 6,448,065
~
------- 1,904,227 2,278,474
_ «,»
Mas. Or. Rapids & Inti i
1,830
2,786
955
Ju
ly
l
to
Dec.
31.......
3,140,029
989,610
3,450,796
1,255,444
In te r n ! A Gt, North’ l l . .
04,214
9,275
54,939
-- vrr-n
53,499
20,473
50,025
Iow a Central — ........
29,291
42,919
13,628 B angor A A roostook. Jan.
18,419
8,849
Kanawha A M ichigan.
8,180
669 Bath & Hamm onds. .Jan.
2,026
641
2,046
738
Kan. City Plttsl). A Gulf
32,797
11,923
20,874
Blrm. A A tla n tic.b ...ran .
1,559
2.123
218
151
5,430
K ao, City Suburb. Belt..
e .s o i
1,3 7 i
July 1 to Jan, 31.......
14,917
4,560
17,138
2,581
Lake Erie A W estern. . .
60,322
62,008
1,688
50,892
28,592
Loulsv. Evaiisv. A St. L ,
17,794
52,610
26,78"
1,805 Brunswick A West ..Jan.
18,772
July 1 to Jan, 31.......
352,101
389,750
307,770
Louisville A Nashville..
130,352
341,088
21,980
89,755
Mexican C entral............
*258,334
55,727
202,607
Bull. Rooh.A Pitts.b.. Jan.
___ , ___
250,433
255,914
82,254
77,031
__
M exican National...........
116,837
85.404
31,133
July 1 to Jan. 31....... 2,045,473 1,392,939
691,631
575.963
36,735
40,247
3,512
Minneapolis A St. Louis
A Susgueh.a. Feb.
31,881
13,262
32,623
12.192
174*052
205,237
Mo. Kansas A T ex a s___
31,185 Buffalo
Jan. 1 to Feb. 23.......
71,944
68.541
27,183
25,532
Mo, Pacific A Iron Mt___
367,000
403,001
38,000
July 1 to Feb. 2 8 .....
381,733
325,879
197,890
152,314
19,001
Central B ranch.,,
12,0017,000
Burl, Ced. R. A N o .a ., Jan,
299,107
51,514
N. Y. Ontario A Western :
61,238
9,724
392,707
100,577
147,899
Ohio R iver........................
17,905
721
17,184
Canadian P aoitto.. a .Jan. 1,312,924 1,474,798
373,343
495,950
17,42c
17,717
Peoria Dec, & E v an sv..
327
M idland....Jan.
5,119
5,205
1,222
809
Pittsburg A 'Western----41,332
48,947
7.015 Carolina
July
1
to
Jan.
31.......
40,512
42,213
20 ,547
16,661
38,300
B io Grande W estern....
38,700
400
Gent,
o
f
Georgia,
a..Jan
.
_______
Sit. Joseph & Gd. Island
19,600
11.500
508,631
522,551
6,100
216,935
225,079
Jn ly 1 to Jan. 31....... 3,408.789 3,508,688 1,343,425 1,355,905
81,300
Bt, Louis Southwestern.
84.7s 0
3,400
35 L,4 22
Southern R a ilw a y .-.......
378,946
27,524
Gent, o f N, Jersey.a.Jan .
855,216 1,009,568
350,570
255.218
110,731
111,603
Texas A P a c iflo ...........
867
853,913
856,490
274,427
228,296
.
25,87t
Toledo A Ohio Central.
31,651
5,775 Central P aeltte.b......Jan.
34,342
37,699
Char. Clen. A8uttou..5fbv.
Tol. 8t- L. A Kan. City..
3.357
1,422
3,385
4,045
1,860
204,85'
Jan. 1 to Nov. 30.......
233,317
W a b a sh ..................... .
49,780
28,46 1
43.896
23.628
24,629
r
17,081
19,694
Wheeling A Lake E rie.. i
2,613 Char. A Savannah ..J a n .
64,986
27,974
16,741
53,478
72,749
70.416
2,303
Wisconsin C entral_____
July 1 to Jan. 31.......
297,622
273,049
69,299
37,936
Ches.
A
O
h
io
.
a
........
Jan.
913,249
271,612
940,125
296,348
4,281,749 4.301,150
Total (45 roads) —
285,104
307,505
Ju ly 1 to Jan. 31....... 6,276,778 6,114,591 2,167,018 1,997,629
S et deareas* 0*52 p, •. 1
22,401
Ohio. Burl. A Q u ln .bl. Jau 2,672,628 2,593,604 1,007,646
793,325
For the first week o f March our final statement covers Chicago A Ernst, H I...D ec. 389,006
188,978
153,434
365,457
July
1
to
Dec.
31.......
2,007,716
2,137,603
909,594
965,437
71 road*, and shows 0-11 in r cent increase in the aggregate
Ohio.
M.
A
8
t
.
P
.b
...J
a
n
.
2,010,449
2.329,622
704,592
over the same week last year.
787,713
Ju ly 1 to Jan. 31.......18,748,732 20,397,341 7,489,468 8,690,308
Chicago A No. P ac ..Jan.
84,895
69,623
67,754
43,355
1 si week o f March,
1897.
1896.
Increase.
Peer tux*.
Chic, A West M ieb...Jan.
103,787
6,420
115.409
8,191
S
8
%
Choctaw Okla. A G. Jan.
112,903
25,290
35,626
129,484
P re v ly reported (42 r*ds) 4,473,541 4,398.851
272,165
197,476
Nov. 1 to Jan. 31.......
374.180
128,099
346.409
72,587
78.047
97,045
Burl. Ced- Rap. A Ninth.
18,998 Cln. Jack. A M aok.b..Jan.
54,075
3,633
52,290
3,047
Oliicasco Great Western.
95,588
122,310
26,728
261,514
266,655
94.762
67,377
27,342
Chle, A W ««t M ich igan..
29,751,
2,4,14 Oln.N.Orl.A Tex.P.a.F eb.
■Jan. 1 to Fell. 28.......
524.796
185,784
543,157
127,947
<3eve. Canton A South's
12,099
H',340
1,759
Ju ly 1 to Feb. *28....... 2,240,065 2,578,639
6 8 3 ,6 .5
763,062
Olnv. Cin. Chic. .V Ht. L.
220,238
220,080
158
d e v , Lorain <Se Wheeling
19,327
22,909
21,311
22,454
3,582 Cln. Ports. A V ir. 1> . Deo.
2,53*2
681
2,187
Xte# Moines & Kan, City.
2,826
639
Jan. 1 to Dee. 31___
272,383
278,329
35,403
48,815
20,823
19,137
D etroit Or. IU;>. A W est
1,086
158,322
July 1 to Dec. 31.......
141,540
21,804
30,284
22.175
Duluth 8. 8. A Atlantic.
38,681
16,206 Olevo. Canton A S o ..Jan.
4),7 1 8
3,001
44,893
5,718
51,132
Flint A Pore Marquette*.
52,394
062
July t to Jan. 3 l. . . .
418,371
78,864
424,278
99,331
Fla. Cent. A P eninsular..
52,267
43,068
"8,0 0 1
1,102,260
Olev.Ctn.O.
A
St.
L
a
..Ian.
1,056,721
277,623
212,105
19,791
F t Worth & lienv. c ity .
17.199
2,598
July 1 to Jan. 31....... 7,746,144 8,48 4,755 1,955,761 2,199,417
33,298
34,71ft
1,417
Georgia it A labam a.. ..
21,291
10,945
10.346
Peoria v East*n a. Jan.
125,407
154,799
41,980
28.628
36,92.
Grand Rapids A Indiana
33,191
3,732
July 1 to Jan. 31. . . .
958,784 1.186,957
208,504
302,903
8.214
dnM nn atl B. A Ft. W.
7,3 80
1,034 Clev. Lor. & W heel...Jan.
10,254
86,980
29,104
93,364
Traverse C it y ,,...........
787
567
220
127,549
23,063
149,467
43,243
1,086
Mask, fir, Rap, 4* la d
2,206
226 Colorado M idland.. .Jan.
324,701
Grand Trunk o r Canada
311,411
13.37B
1.1,226
3,226
Colttml). A R ;d M t.. Jan.
Indiana Deenlur <k W est
7,80.1
8,590
796 Col. San. & H ocking.,Bee.
62,827
14.355
65,243
13,551
Kan. FHy F t, 8. <k Morn..
88,704
76,079
12,628
807,014
i ten. i to D m). .1 1 .....
101.219
873.604
Kan, City Mem. A Blrm,19.221
25.985
6,704
436,911
July 1 to Dec. 31.......
110,059
535,844
154,249
M a r c h 20
1897.J
463
1,178
C rystal........................Jan.
Cumberland Valley..Jan.
55,184
63,703
569,566
485,105
Den. A R Grande.b..Jan.
July 1 to Jan. 31....... 4,254,565 4,651,835
12.099
8,346
Des Moines A K. C ...D ec.
118,575
98,202
Jan. 1 to Deo. 3 1 .......
35,212
Des Moines No. A W ..Jan.
28,367
89,174
83,547
Det. Gd. Rap. A W .a.Jan.
27,464
39,656
Detroit A Maok’ o.a..Jan.
169,874
215,830
July 1 to Jan. 31. . . .
107,342
76,971
Elgin Joliet & E .a...Jan.
740,782
696.868
July 1 to Jan. 31.......
Erie - ........... ............Jan. 2,222,620 2,344,077
18,823,542
19,258,561
July 1 to Jan. 31.......
4,961
5,591
Eureka Springs........ Dec.
62,889
61,264
Jan. 1 to Dec. 31.......
231,669
209,193
Flint A Pere Marq.a.Deo.
Jan. 1 to Dec. 31....... 2,594,621 2,505,706
74,602
83,334
Et. W. & Deny. City.. Jan.
52,821
F t. W orth A Rio Gr..N ov.
34,971
361,489
297,479
Jan. 1 to Nov. 30.......
682
799
Gadsden & Att. tin ..F e b .
1,369
1,762
Jan. 1 to Feb. 2 8 .......
154,234
145,131
Georgia, a
............Jan.
938,788
July 1 to Jan. 31....... 1,008,630
52,562
96,498
Georgia A Alab a.a§.Jan.
332,380
621,691
July 1 to Jan. 31.......
79,652
86,146
Ga. Sonth. A Fla.a. .Jan.
530.020
536.267
July 1 to Jan. 31.......
201,356
Gd. Rapids A lad . ..J an .
166,717
Gr.Trunk o f Canada.Jan. 1,292,160 1,327,852
267,969
246,522
Chic. A Gr. Trunk. Jan.
72,644
Det. Gr. H. A M il...Jan.
75,191
2,974
3,472
G ulf & C bieago.b ...J an .
3,784
H oosa cT u n .A Wilm. Jan.
2,879
273,533
Houst. & T ex. Cent...Jan.
240,526
Illinois C entral.a.t .Jan. 1,909.805 1,920.629
July 1 to Jan 31. ...1 3 ,3 6 1 ,7 9 3 13,549,424
47.877
Ind. Deo. A W est.b..N ov.
36,590
430,944
Jan. 1 to Nov. 30.......
419,953
215,049
194,816
July 1 to Nov. 30.......
70,532
79,015
Indiana 111. A Iowa..Jan.
415,750
463,185
July 1 to Jan. 31.......
167,472
Iow a Central, b
..Jan.
114,328
929,009 1,114,674
July 1 to Jan. 31.......
3.696
4,218
Iron Railw ay b ........ Jan.
23,520
28,363
July 1 to Jan. 31. . . .
Jack. Tam. A K. V Feb.
27,9*9
30,683
54,974
59,199
Jan. 1 to Feb. 28. ...
Apr. 1 to Feb. 28.......
273,729
286,545
Jam est’ n A L. Erie. Jan.
2,313
41,143
46,834
Kanawha A M ich.b..Jan.
283,779
284,092
July 1 to Jan. 3 1 .___
357,960
Kan. C. Ft. 8. A M .a. Jan.
38 ',069
July 1 to Jan. 3 1. . . . 2,70 ,115 2,790,164
115,474
115,568
Kan. C. Mem. A B .a .J a n .
July 1 to Jan. 31. .. .
766,923
772,528
35,074
Keokuk A West’ n. b..Dec.
32,968
Jan. 1 to Deo. 31. .. .
393,113
380,628
L. Erie A ll. A So.a...Jan.
6,331
7,169
252,661
302,117
Lake Erie A West. b. Jan.
Dec, 321,386
Lehigh Valley R R .-.Jan.
Deo. 447,057
Dec. 1 to Jan. 3 1 .___
Lehigh Val Coal Co. Jan.
Deo.
60,350
i)ec. 1 to Jan. 31.......
Inc.
62,627
Lexington A East’n..Jan.
13,533
17,497
Louis. Evans. A St.L.Oot.
143,653
163,043
Jan. 1 to Oct. 3 1 ....... 1,286,603 1,244,233
Loulsy. A Nashv. b..Jan. 1.602,516 1,688,537
July 1 to Jan. 31.......12.195,433 12,408,619
Lonlsv.H eud.A SLL.D ec.
37,956
40,036
Jan. 1 to Deo. 31.......
453,946
444,595
Macon A Birrning— Jan.
7,2 10
5,667
July 1 to Jan. 31.. . .
3 9 ,5 2 1
43,882
M anislique.................Jan.
11,194
10,123
Memphis A Oha3’ n...D ec.
145,636
148.401
Jan. 1 to Dec. 31....... 1,325,395 1,266,936
729,310
752.453
July 1 to Dec. 31.......
M exican C en tra l.... Jan. 1,073,902
822,232
Mex. International..Jan.
260,986
234,547
M exican N ational... Jan.
449.868
423,919
M exican Northern...Jan.
53,408
75,948
July 1 to Jan. 31.......
349,747
422,379
Middle Ga. A Atl ....D eo.
7,439
8,381
Minn. A 8t. L ouis— Jan.
127,477
145,878
July 1 to Jau. 31....... 1,221,629 1,276,900
M iun.8t.P.AS.Ste M.Jan.
188,829
240,081
Mobile A Birm’gham Jan.
27,153
26,249
322,797
M obile A Ohio ..........Jan.
299,921
July 1 to Jan. 31....... 2,313,324 2,193,759
Nash. Ch. A 8t. L . b . . Feb.
420,982
419,338
Jan. 1 to Feb. 28.......
834,033
892,937
July 1 to Feb. 28. . . . 3,400,052 3,518,667
9,754
Nelson A Ft. 8hep’d..Jan.
4,247
4,499
2,737
Nevada C entral......... Dec.
Jan. 1 to Deo. 31.......
30,156
37,238
22,242
16,432
July 1 to Deo. 31.......
New London Northern—
171,121
164,997
O ct i to Deo. 3 1 . . . . .
674,157
650 295
Jan. 1 to Dec. 3 1 .......
N. Y. Ont. A West.a.. Jan.
256,869
272,260
July 1 to Jan. 31....... 2,381,574 2 ,3 :9,4 97
N Y 8u«. A West. b .Jan.
130,475
178,495
July 1 to .Lin 31. .. . 1,420.0J6 1,366,920
Norfolk A West’ n .a. Jan.
975,593
8-2,07 0
Oct 1 to Jan. 31. . . . 3,6 72.045 3,780.533
Northeastern o f Ga..Doo.
6,352
6.691
Jan. 1 to Die. 31.......
66,032
54,661
North. C entral.b...... Jan.
525,836
511,209
THE
< H K O N 1CLK
def.9
def.220
11,863
20,014
174,198
219,802
1,710,668 2,056,726
def. 643
2,907
13,567
24,207
4,559
9,815
6,942
2,556
7,654
13,840
33,150
62,363
22,883
36,622
237,410
255.951
338,267
478,852
5,124,076 5,006,539
1,797
1,870
30,227
31,811
54,299
50,598
658,162
642,200
21,111
6,529
13,249
29,256
99,195
130,348
271
395
481
871
2:50,413
g o 4,06 3
g344,270 g327,595
27,577
21,641
207,384
95,130
33,060
43,770
189.379
226,441
38,617
39,728
258,494
241,748
20,279
15,568
5,3 <2
def. 676
1,374
526
1,069
1,517
43,031
93,577
722,652
631,469
4,142,299 4,837,715
13,562
13,887
144,033
142,053
01,358
69,926
27,292
34,075
9 *,090
150,075
23,654
64,097
435,934
28 J,037
988
172
4,663
1,012
4,625
4,186
5,750
152
defS,521
10,923
def.54
13.102
10,211
77,151
71,056
101,397
116,529
869.446
875,469
32,312
36,363
172.142
240,038
12,068
16,023
139,204
137,430
834
1,789
104,444
139,632
Deo. 185,722
Deo. 279,517
10,317
I no.
59,494
Inc.
0,359
3,978
46,719
47,028
366,819
307,908
622,055
493.783
4,025,036 4 ,5 c0,497
9,584
10,905
103,827
115,493
1.120
2,441
def.334
def.4,633
def.301
def.5,406
53,6*1
56,194
211.222
298,037
212,264
222,018
318,818
377,511
103,837
73,333
C187.642
C200.436
38.011
30,271
227,973
185,058
2,589
863
49,199
40,152
559,5 K>
532,837
67,236
35,397
2,299
3,445
117,512
114,037
904,930
869,875
145,375
154,526
319,8 L2
292,578
1,403,080
1,302,975
1,194
5,827
472
1,941
3,068
8,143
3,002
6,596
41,420
199, Z46
42,3 )7
738,*i24
81,596
650,6^7
268,718
1,041,004
d3f. 012
22,813
153,294
73,040
254,*81
62,897
719,942
75,763
58 1,682
23 4,674
872,249
3.133
12,894
110,813
561
/-----Gross E arnings.----- ,. — y e t E arnings.----- v
1 8 9b-1.
1895-6.
1896-7.
1895-6,
$
$
$
$
.
958,868
137,270
. 8,428,420
3,681,550
Ohio R iver, b ............ Jan,
68,075
75,753
' 21,824
23,129
15,175
14,715
3,774
2,607
22,583
31.584
956
8,517
.
309,055
334,244
5 4 ,7 7 7
88,614Oregon RR. & N av-.Jan.
299,746
372,938
76,332
Pennsylvania—
Roads.
4,755,671 4,993,771 1,126,197 1,043,797
Deo. 374,900
In c.
5,100
99,469
93,272
41,352
48,145
879,055
927,333
269,957
307,080
39,778
46,957
13,374
19,028
287,357
328,788
120,352
143,932
254,857
289,095
35,214
41,721
1,538,427 1,787,116
f650,573 f766,168
3,315,872 3,680,725 f l . 505,213 f l , 601,751
1,694,066 1,853,451 fd f .9 6 ,899 f 110,633
3,461,764 4,069,809 f d f.6 l,5 9 6
f06,262
3,232,493 3,640,567 1153.674 f876.801
6,780,636 7,750.534 f 1,443,627 f 1,698.013
42,428
50,599
12,633
4,131
1,069,272 1,177,000
209,472
224,610
2,103.423 2,413,771
506,288
526,174
3,796
Pitts. Lis. & W est...
3,475
1,310
585
165,763
Pittsburg A W estern. Jan..
186,717
40,678
48,847
58,638
68,658
12,881
7,833
121,953
Jan. 1 to Feb. 28..
142,462
27,638
15,852
48,564
54,848
16,173
19,271
July 1 to Jan. 31
.
356,977
407,534
127,531
155.407
23,471
Rich. A P etersburg..Jan.
27,080
3 ,4 7 7
8,671
.
133,157
203,927
45,984
63,552
27,438
36,370
Rio Gr’ nde 8outh..b.. Jan.
11,031
15,459
256,176
305,945
117,989
167,767
175,795
160,260
Rio Grande W est.b . Jan.
53,251
53,466
1,470,302 1,509,281
493,690
628,073
415.6 40
8t. Louis A San Fr ..Jan,
492.858
157,450
181.215
3,536,576 3,736.254 1,568,845 1,544.835
510,026
525,580
192,943
St. Louis Southwest. Deo.
156,387
4,833,251 5,056,481
920,539
863,314
2,703,133 2,721,370
723,519
566,095
151.922
143,781
San Ant. & Aran. P..Jan.
29,85 4
38.541
July l to Jan 31. ... 1,454,123 1,231,479
571,050
432,414
San Fr. & N. P ac.......Feb.
50,953
42,858
4 ,6 8 6
4,452
97,254
Jan. 1 to Feb. 28.......
87,993
10.793
5,348
545,989
490,364
166,834
165,508
303,619
3 0 ',6 7 2
Sav. Fla. & W est.b..Jan.
90,595
86,228
1,959,688 1,972,709
510,724
531.283
12,151
15,476
5,297
Silver Sp. Ocala A G ..Jan.
7,863
90,035
40.829
July 1 to Jan. 31.......
90,002
35,331
1,333
South Haven & East Jan.
1.0J4 def. 1,077
d ef.8 26
Southern Pacific—
474,563
Gal. H. A 8. A nt.b..Tan.
377,531
100,698
176,643
96,497
41,070
Louisiana West. b..Jan.
87,437
47.332
503,569
168,029
436,563
128.330
MV an’s La. A Tex. b .Jan.
23,797
9,543
N Y .Tex. A M ..b ..J a n ,
15,745
3,402;
41,596
126,095
128,106
46,530
Texas A NT. O .. b . .. Jan.
314,332
442,811
Atlantic Prop.b||._Jan. 1,069,758 1,211,487
693,459
663,709
Pacific System b ..Jan. 2,314,425 2,383.483
Total o f a ll.b . . . i .Jan. 3,334,133 3,624,975 1,007,841 1,106,520
235,296
729,536
799.093
259 383
So. Pac. of C al.,b. .Jan.
212,073
54.107
217,977
63,788
So P ac.of Ariz’a.b .Jan.
103,044
103,297
50,827
36,687
Sc.Pao. of N. M .b .. Jan.
153,930
32,771
43,495
15 7,314
Northern Rail’y .b ..J a n .
479,794
451,558
1,565,961 1,644.070
11,404,548 1.2,062,232 3,779,117 3,983,053
16,441
32,379
46,055
25,778
Spokane FallsANo.a. Jan.
179,872
122,090
193,773
293,614
West o f Pitts.AE.. Jan.
Peoria Dec. A E v ___Deo.
Jan. 1 to Dec. 31,
Petersburg..................Jan.
July 1 to Jan. 31. . . .
Pliila. & E r i e ......b. Jan. .
Phila. A Reading___ JaD .
Dec. 1 to Jan. 3 1 ___ .
Coal & Iron C o....... Jaa .
.
.
Dec. 1 to Jan. 3 1 ........
Phil. Read. & N.Eng.. Jan.
.
Staten I. Rap. T r. b . .N or.
Stony Cl.A C. M ..b ..J a n ,
July 1 to Jan. 31.......
Summit B ranch.e___Jan.
Lykens Val.<oal.e..Jan.
Total both Co’s.e...Jan .
Texas Central ........Deo.
Tex. Sab. V. A N . W .. Deo.
Toledo&Ohio Cent. b. Jan.
Tol. Peoria A West. b . Feb.
Jan 1 to Feb. 28.......
76,546
77,017
1,078.657 1,106,132
600,336
560,174
1,112
776
31,613
29,340
86,695
75,914
82,580
80,041
169,275
155,955
25,583
22,415
300,963
282,775
5,050
5,129
144,450
145.014
1,069,93 J 1,216,241
82,683
74.93 i
17L.173
146,142
702,438
614,333
19,542
456,^03
270.802
def.438
14,177
820
6,973
7,793
4,491
74,331
2,429
46,104
277,482
22,536
37.661
154,517
18,498
437,105
259,387
def. 1,085
14,111
d ef.9,830
10,072
242
6,250
112,217
1,984
44,820
403,972
24,36e
48.162
187,612
Union Pacific—
218,141
317,130
937,329
Union Pao. R y ....... Jan. 1,001,744
152,706
180,985
386,700
397,909
Oreg.S.L. A U .N ___Jan.
7,983
28,729
48,904
78,504
St.Jos. A Gd. Isl. ...J a n .
19,940
17,87836,922
45,504
Cen t.^Branch..........Jan.
Atch. C. A Pac. >
Tan
4,640 def.1,016
25,416
33,051
At.Jew.C. AW. £ " *ja n 587,914
422,940
Union P acific 8ys.1 Jan. 1,682,623 1,545,629
59,280
80.803
210,382
248,247
U i. P. D .& G ulf b ..Jan.
24 2,655
193,589
976,807
835,059
.Vabash, b ...................Jan.
2,370.220
July 1 to Jan. 31....... 6,969,115 7,954,693 2,097,327
6,123
4,099
19,138
15,149
Waco & Nortliw’ n __ Jan.
2 ,9 4 3
316
131,592
123,955
W. Jersey & Seash’e .Jan.
23,085
20,548
73.139
77.250
West Va. Cent. & P..Feb.
54.559
51,451
170,601
162,4 42
Jan. 1 to Feb. 28. . . .
273,781
249,262
787, >55
749,722
Ju ly 1 to Eeb 28.......
17,376
11,847
3L.016
33,030
W.Virginia A Pittsb .Dec.
219,181
20 2.02 4
390,162
399,973
Jan. 1 to Dec. 31 . . . .
135,416
108,597
298,603
193,1 <6
18,470
24,847
51,857
57,215
West’n o f A labam a.. Jan.
150,332
16 7,3 42
374,414
393.096
July 1 to Jan. 31.......
3L 594
39,349
199,178
205.994
Wsst.N. Y .A P en n. b..Jan.
556,43T
672,050
1,877,131 2,019,693
THE CHRONICLE.
662
------8 r a » Karmaijs.---- .
1896-7.
1895.6,
•
goads.
ViMOwtn Oeutnd.b Jan.
Wrlxhtav. Jfc T an*...Feb.
J»n. 1 to Feb. 2 8 .....
July-1 so Felt. 28.......
f o r k S o u t h e r n ......N o r .
•
372,495
33 1,7-7
2,597.092 8,656,717
7,729
8.693
15,929
17,772
66,217
84,124
6,130
5,731
— Net learnings.- 1890-7.
1895-8
70,359
870,14 4
3,946
8.847
32.625
2.237
82,058
953,188
4,984
10,17s
2 7,20p
1,9 J8
a S et earning* here given are after deducting taxes,
b S et earning* here given are before d educting taxes,
e Deducting other expenditures fo r rep it1rs .re place m eats and general
*xt»euses, net Inootne applicable to Interest on bonds In January was
*107,108, tig-! *109,008 last year. T h iels the result in M exican dollars
treated (according to the com pany's method o f keeping Its accounts!
as equivalent V> so oent* in United States m oney—that Is, all d e p r e d
ation beTond 20 i>i>r cent has already been allow ed for.
e BcstUis o f coal m ining operations only.
r A fter allowing for Improvements, w o., total net on Railway for
January, 1897, *810,711, against $098,904, and from Deo. 1, to Jan.
31, $1 ,3»5 ,082, I,gainst $1,482,457. On the Coal * Iron Co., after
allowing for improvement*, e to „ there was for January. 1897, a deuelt
of *134,297. against a surplus o f *22,841, nod from Dec. I to Jan. 31,
1897, theie was a deficit o f $146,631, against a deflolt o f $60,079.
a a f ter allowing tor other Income received net lu January was $105,238. acolnst $81,495, and iroin July 1 to January 81 $480,471, agaiust
$i89»40'L
1 Includes besides A tlantic System the H ouston & Texas Central,
Austin A Northwestern, Central T exas <fc Northwestern and Ft. Worth
A New Orleans.
1 Includes Chicago Burlington <fe Northern for both years
; s i. Lore- Alton St T eire Haute inoluded in all periods except that
ini the three months from July 1 to Septem ber 3 0 ; that road's results
are not Included for 1895.
- For January, 18 97,taxes and ren talsam ou n ted to$i51,380, against
*151.468. Slid from July 1 to January 31, 1397, *1,111,918, against
$1,130,811, after deducting which net for January, 1897, was *236,575, against $612,183, and from July 1 to January 31, 1897, $4,312,035, against *3.172,340.
t Figures arc given exclu sive o f results on Oregon Hallway &
Navigation, Union Pacific D enver A Gulf, F ort Worth A Denver City,
Leavenworth Topeka & Southwestern, Montana Union and Kansas
City & Omaha.
f Hesnits on A lbany Florida & N orthern tire included only for July
ami August, 1895.
t Including incom e from ferries. A d.
Miscellaneous Companies.
K u r il in g s .
1897.
$
1896.
$
-Net Earnings.1896
1897.
$
$
31,757
32,003
68,0 <8
71,400
93,435
106,008
200,290
230,552
35,733
28,482
11.215
11,445
25,246
25.918
06,963
68,100
15 1.3 94
143,695
1 1.5 ! 2
20,337
7,001
61,084
23,493
74,363
628,415
568,934
81,446
54,831
175,831
112,769
69,419
Bd.El. H i Co., Bklyn.Feb.
69,817
145,124
Jan. 1 to Fat. 28.......
153,566
195.221
212,804
EdlsonEl. HCO..N.Y Feb.
-113,403
453.L03
Jan. 1 to Feb. 28.......
E dlsonEU I.Co.St.L..Jan.....................
Grand Rap. Gas L. Co, Feb.
Jan. 1 to Fas. 28...........................
L&elede Gas-L. (Jo.... Feb....................
Jan. 1 to Feb. 28...........................
244,205
Oregon Im p. C o .a ....fa n .
242,6s7
484,533
Dee. 1 to Jan. 31.......
499,633
303,473
356.707
Pacilte M ail............... Jan.
May 1 to Jail. 31....... 2,987,532 3,196.603
Tean. Coal 1. A HR... Feb..........................................
Jan. I to Feb. 28................. ...............................
Western Gas Co,—
36,121
39,935
M tlwaukeeGas-L.Co.Feb.
................... .
92.253
84,550
Jan. 1 to Feb. 28..............................................
I n t e r e s t C h a r g e s a n d Surplus.— T h e fo l l o w i n g r o a d s , it.
a d d itio n t o th e ir g r o s s a n d n e t e a r n in g s g iv e n in t b e f o r e g o i n g ,
also 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 fic it
a b o v e o r b e lo w th o se c h a r g e s .
r-lnter *L rental*, dc.-\ <—jBoi. o f Ne i E a rn $ —
1896-7.
1896-7.
1895-6.
1895-6.
Boaas.
$
*
$
$
21,565
21,188 def.1,092 def. 2,769
Bangor & A roostook. Jan.
12,987
594
Buffalo <fcBumjueh'a,.Ft‘b .
def. 79 5
12,668
101,792
94,950
96,098
67,364
July 1 to *Fel>. 28.......
117,646 def. 8 7,782
890,000
881,107
Ohio. B u rl.* Q u in cy. Jan
*63,253
115,746
117.386
*96,704
Ohio. & East Illinois.D eo.
*349,349
698,382
693,905
*298,419
July 1 to Dec. 31.......
33,773 def.27,848 d ef.25,582
34,208
Ohio. <St W. Mloh........Jan.
19,000
16,826
Oboe.Oki. A G u lf___Jan.
71,099
57,000
N o v .l to Jan. 31.......
36,818
9,724
Clev. c m . Oh, A St. L. . Jan.
240,805
282,381
292,350
July 1 to Jan. 3L....... 1,663,411 1,856,531
542,886
30,802
36,80 2 def. 8,174
P e o ria * E astern.. .Jan.
5,178
257,012
257,612 d of 49,108
45,191
July 1 to Jan. 31.......
182,350
0*u v er A R io Gr'de.-Jau.
176,208 def. 8,152
43,594
July 1 to Jan. 31------ 1,358,3*7 1.355,279
352,281
701,447
29,497
15,860
Del. C d .R a p .* W est.Jan.
def.8,918 aef.26.941
49,120
49,553
Flint & JPere M ar.....D eo.
5,179
1,045
44,839
610,249
31,951
Jan. 1 to Deo, 31— . I 013,323
114
10,097
3,034
Kanawha & M ich.... Jan.
10,068
5,355
July i to Jan. 3 1 .......
71,801
71,565
91
114,585 d ef,10,616
1.944
Kan. 0 . Ft. 8. & M .. .Jan.
112,013
68,341
813,658
Ju ly l to J.in. 31____
807,128
55,788
Kan. C. Mem. <fe Rir.,Jan.
19.856
16,507
13,867
18,415
J u i y l to Jam 3 1 ...,97,070
75,072
109,051
130,987
L. Erie & W est'll.......Jaa.
60,045
57,971
44,399
81.661
124,118
126.230
28,296
Nashv. Chat. * 81.L .Feb.
21,257
July 1 to Feb. 28....... 1,002.497 1,000,630
403,050
300,478
FFili-a" Read, <k N* E,.Jau,
11,609
1,046 d of.7,478
11,587
240,479
265.045 d ef,31,007 dof.40,435
Pitts. a c t * 81. L. ..Feb.
Jaiu i to Feb. 2 3 .....
551,872 def.39,555 def.25,698
545.843
14,347 def.3,078
Rio Grande B ooth....Jan.
14.106
1,112
July 1 to Jan. 3 1 ...* .
98,747
09,614
19,242
08,083
Ban Fran. A No. Pae..Fub,
19,101
19,212 def. 14,418 dof. 14,760
July 1 to Fob, 28.......
152,833
153,098
14,001
11,810
Team Coal I, A R f i .. Fob*
17,777
47,834
7,051
3 1,562
Jau. 1 to Fob, 2 8 .....
95.554
95.708
J 7,215
80,063
Toledo A D. C oot. . . . . J an.
41,761
38,804
•5,179
*6,535
269,02 l
July l to Jau. 3 1 ....,
273,589
*11,177
*132,47 3
Toledo Pen, A Wf «t..F e b .
22,673
2,481
21.885
def.137
184,358
165,934 dof.29,839
Ju ly 1 to Feb. 2 8 * .„
21,678
* A fter allowing for other Incom e received.
[You. LX1 \ .
NORTHERN
PACIFIC.
Jan., 1897.
G ross earnings........................................
$958,868
Operating expen ses.........................
821,598
Net earning*...................
T a x es..................................................
Sept. 1 to Jan. 31.
$8,428,420
4,746,870
$137,270
36.500
$3,681,650
214,481
Not operating in com e............... $100,770
Misoel. iucom e n ot lnolud'g land aalee,.
25,991
$3,467,069
126,820
Total n et in com e........................ $126,761
$3,593,889
T he operating expenses from Sept. 1. 1896, Include a proportionate
art o f the estimated taxes and rail and tie renew als fo r the current
seal year o f the new oom pauy, being ten mouths to July 1, 1897.
S
STREET RAILWAYS AND TRACTION COMPANIES
The following table shows the gross earnings for the latest
period of all s t r e e t railways from which w e are able to o b ta iD
weekly or monthly returns. The arrangement o f the table is
the same as that for the steam roads—that is, the first t w o
columns c f figures give the gross earnings for the latest
week or month, and the last two columns the earnings for
tbe calendar year from January 1 to and including such latest
week or month.
STREET
RAILW AYS
AND TRACTION
Lutest Gross learnings.
Gaos*
1 dARNINOf.
Week or Jfo 1896-7. 1895-6.
COM PANIES.
J a « . l to La'esl Date.
1896-7.
1895-6.
$
$
| $
a sron R edf’d A Clev. Decem ber.
5,782
6,456
91,686
A kt'on sst.Ry.A 111. Co. December. 18,968. 2",523
210,247 189,256
Amsterdam 8t. R y ... Ja n u a ry ...j 3,696: 3,563
3,696
3,563
A tl. Consol. St K y ... Decem ber- 29 ,250 *62,8 48 368,715 *474.112
Atlanta R ailw ay........ J a n u a ry...
5,155
5 370
5,155
5.370
Baltimore T raction... F eb ru a ry . 84,085, 82,266
171.603 169,592
Bath St. Ry, (N. Y .I.. F ebru ary . ' 1,133
2,444
1,257
2.679
Bay Cities Oonaol — J a n u a ry ..6,338
6,338
6,927
6,927
Binghamton St. R y ,.. Ja n u a ry... 10,029
10,029
9,767
9,767
Bridgeport T raction. F e b ru a ry . 21,483, 21,271
44,088
43,1(57
Brockton Con. St. Ry. January .. 22,818: 19,657
27,918
19,657
Br’ klyn Rap.Tr, C o .Brooklyn H eights.. February 111,552 313,239 651,314' 646,882
Br’k lyo Qu’ns & Sun F eb ru a ry . 48,702 47.327
101,830
96,128
Total for system . February . 360,251 360,566 75 3 ,1 -4 ' 743,010
Bullalo R y ...................December.
1,369,227 1,327,774
Chester T raction....... Ja n u a ry...
12,682
12.803 12,682
12,803
Chic. & So. Side R .T .. January..
56,609 65,871
56,639
65,871
City Eleo. (Rome.Ga.) February
1,344
1,432
2,792
2,370
Cleveland E le c tr ic... February 115,5X3 118,977 239.691 244.381
CLeve. P ainav.& B -----D ecem ber,
4,993
Columbus St. Rv. (O.) is t wkMch 10.814 i r ,i 9 6
10 L 227 108,805
Coney Island <®B’ lyn. F eb r u a r y . 19,184 19,313
40,397
40,801
Dau v. Gas El. L ight &
Street R y ................... Ja nuary...
9,597
8,727
9,597
8,727
Denver Con. Tramw. J a n u a ry... 53,99 8 54,540
54,540
53,998
D etroit Citi’ns’ St. R y .;F eb ru a ry . 76,172 70.427 158,411
142,953
Detroit Eleo. R y .........IJanuary-.. 33,463 35,134
35,134
33,463
Duluth St. R y ............... D ecem ber. 16,255 17.750 225,972 236,169
Erie Elec. Motor Co. February
19,374
21,406
9,1.16 10,571
Galveston City B y .. February
14,997 13,058
21,317
29,61)
Herkimer Mohawk 11ion & F ’k fo r tE l.R y . February
6,924
8,327
3,313
6,748
Hooslok R y ................. F eb ru a ry .
491
1,010
973
455
Houston Elec. St. Ry. February . 13.764 13,847
28,252
23,073
Interstate Consol, ol
North A ttleb oro... F eb r u a r y .
8,377
16,193
17,320
8,431
Kingston City R y ....... February
7.372
7,282
3 ,6 0 1 3,513
Lehigh T raction.........February .
18.716
16,655
7,953
9,113
London St, Ry. (Can.). February .
10,382
12,760
6,159
5,297
Lowell Law. & H a v .. Ja nuary... 27,541 26,725
27,541
26,725
Lynn & B oston.......... 2d wkMar- 21,245 21,521 221,955 216,751
Metrop. (Kansas C ity ): u t wkMch 29,443 28.750
M ontgomery St. R y. February .
7,569
3,462
7,150
3.919
Montreal Street R y ... February . 89.951 87,395 139,588 132,152
Nassau Eleo. (B’klyn) February . 102,359 25,126 211,983
50,664
Newburgh E leotrio... Decem ber. (5,150
6,430
New England St —
Winchester A ve — ;December
15,385 15,405 241,408 231,945
Plym ’th A Kingston Decembor.
30,472
33,520
2,093
2,095
T o ta l...................... 3d \vk Feb.
3,853
3,878
New London St. R y .. January..
'"2,686
2,703
2,701
2 ,6 8 6
*few Orleans Traction February . 96.815 110,975
198,073 217,459
N. Y, & Queens C 'y ... F eb ru a ry . 22,590
46.921
Jgdensburg St. R y . February .
" 1,702
1,909
878
643
Patevson R y .............. February . 21,326 22,142
45,478
45,095
Ploteb. Ft,Sub. ELRy. November,
14,442
1,321
t'o’keepnie & W app. F. January...
'"5,445
5.445
5,391
5,391
Soobeeter R y ..............F eb ru a ry .
62,287 68,783
Schuylkill T ra ction .. Fobruary .
"iS",233
14,393
6,417
7,252
Schuylkill V ai.T rao.. January...
4,163
3.509
3,509
4,163
Scranton & Pittston.. February .
8,877
4,147
Scranton R ailw ay— February . 23,990 24,429
51,562
49,915
Second A ve. (Plttsb.) February . 30,381 29,842
62,066
62,743
Sioux City T ra ction .. November.
71,733
71,739
6,183
6,829|
-yraoueeE ’st-SideRy. F eb r u a r y .
5,348
4,745
2,690
2,304
Syracuse Rap. Tr. Ry. February . 30,0041 32,768
66,069
62,191
Terre Haute El’ c. Ry. ,O ctob er... 12,450 11,997 137,764
120,771
Third A ve. (N. A'.)— D ecem bor.
2,626,896 2,615,152
Toronto K y................. December.
143,115
161,601
158,913
Twin City R an.Tran. January... 151,967 158,913 151,967
30,116
30,883
Union (N. B ed ford)... F ebru ary . 15,018 15,511
United Tract. (P rov.) IF eb ru a ry . 119,034 125,075 248,217 256,649
12,251
11,677
DuS" I'rh o-(h eadin g) January... 11,677 12,251
6,221
Wakefield Htoue— February .
6.509
2,993
3,224
Waterbury T raction.. February
40,738
35,544
16,473 19,282
Wheeling R a ilw a y ... Ja nuary... 12,925 11,476
11,476
12,925
75,192
Wiltoab. & Wy. Valley F ebru ary . 34,449 36,334
73,868
W orcester Oonaol...... O c to b e r...
40,109 39,046
* Figures were exceptlon aliu 1891 ou a o o o u u to f Atlanta E xposition.
I Decrease in earnings due to factories being shut down.
Street Kailway Net Earnings.—I a th e fo llo w in g w e s h o w
b otli t h e g r o s s a n d th e n e t e a r n ia g s t o la te s t d a te s o f all St r e e t
r a ilw a y s f r o m w h ic h w e h a v e b een a b le to p r o c u r e m o n t h ly
r e tu rn s. A s in t h e c a se o f th e s te a m r o a d s , th e r e tu r n s o f th e
d iffe r e n t r o a d s a r e p u b lish e d b y u s e a c h w e e k as s o o n as r e
c e iv e d , a n d o n c e a m o n t h (o n th e t h ir d o r th e fo u r t h S a t u r
d a y o f th e m o n t h ) w e b r in g a ll t h e r o a d s r e p o r t in g tog e th e r,,
as is d o n e t o -d a y .
i.
Ma ECH 20
THE
1897.J
CHRONICLE
------Gross Earnings. — . -----Net Earnings.—
l»9 6 -7 .
1895-6.
1896-7.
1896-6.
*
$
$
$
6,198
5,466
1,142
90,175
20,523
9,764
18,963
8,361
Akron St. Ry.&Hl.Co.Deo.
131,256
210,217
81,117
Jan. 1 to Deo. 3 L . . . .
80,537
3,696
3,563
763
Amsterdam St. R y .-.J a n .
427
4,290
3,940
Anderson Eleo.(lnd.) Jan.
1,741
2,333
29,250
15,250
62,818
32.814
Atlanta Cons. R y — Dec.
474,112
368,715
131,126
241,480
JaD. 1 to Deo. 31-----5,370
5,155
5 >5
Atlanta Railway c.-.J an .
167
1.257
1,133
301
384
Bath St. By. (S .Y .)..F e b .
2,444
2,879
233
Jan. 1 to Feb. 26.......
178
6,336
6,927
2,152
Bay Cities ConSt.Ry.Jan.
def. 126
10,029
9,767
2,412
3,163
Binghamton St. B y..Jan.
21,271
6,113
21,48 3
B ridgeport rraot’n..F eb.
6.573
41,088
43,167
13,585
ja n . 1 to Feb. 23-----15,297
22,918
19,657
7,022
6 ,1 2 )
Brookton Con.St. Ry.. Jan.
12,682
12.806
*5,042
6,033
Cheater (Pa.) Tract... Jan.
56,609
65,371
15,412
22.832
Ohio. & So. Side B.T..Jan.
1,432
232
1.344
2 :J
City Elec. ( Rome.Ga.). Feb.
2,370
2,792
442
4 16
Jan. i to Feb. 28.......
115,513
118,977
36,196
41,825
Cleveland E lectrio.. Feb.
244,384
239,691
76,833
80,578
Jan. 1 to Feb. 28.......
44,187
43,194
23,176
20,421
Ooluuibus(0.) 9t. Ry.Feb.
90,413
97,609
46,823
44,804
Jan. 1 to Feb. 2 8 .-...
9,597
8.727
4,570
Danv.Gas EL-L.&St.Ry.Jan
4,260
54,540
20,319
53.993.
21,557
D enver CornTramw.. Jan.
76,172
70.427
35,484
26,142
Detroit Citizen s'8 L Ry. Feb.
142,953
158.411
72.447
49,224
Jan. 1 to Feb. 28.......
35,134
9,9L9
33,463
10,117
Detroit Electric R y ..J a o .
7,682
16,959
19,309
9 801
Duluth Street Ry — Nov.
206,992
1)4.862
107,2 >2
201,213
Jan. 1 to Nov. 30.......
14,907
4,600
3,754
13.058
Galveston City R y ...F e b .
8,667
29,615
26,317
6 ,7 0 1
Jan. 1 to Feb. 2 3 ........
Herkimer Mohawk Ilion
3,313
1,813
1.771
<fc Frank. Ei. Ry ...F eb.
3,327
3,2 36
6,924
6,748
3.363
Jan. 1 to Feb. 28.......
17,211
5,841
17,658
Houston Eleo St. Ry.Deo.
76,480
202.24 L
Jan. 1 to Deo. 3 1 .....
........
Inter-State Consol. Street
8,431
482
8,377
1,130
Ry. (No. A ttleb.)...F eb,
17.320
16,193
493
1,579
Jan. 1 to Feb. 28.......
3,688
1,952
9.113
7,353
Lehigh T raction------Feb.
18,716
4,638
6,088
16,655
Jan. 1 to Feb. 28.......
84,300
37,109
37,732
80,285
July 1 to Feb. 23.......
1,447
6.159
1,508
London 9t.R y.(0an.).Feb.
5,297
10,382
2,922
12,760
3,119
Jan. 1 to Feb. 26.......
6,756
27,541
7,845
26,725
Lowell Lawr’oe & EL. Jan.
89,070
24,471
22,113
92,705
Lynn & B oston..........Jan.
124,936
46,486
42,316
118
242
M etrop’n Sr Rv.,K.O.Feb.
88,193
254,439
94,879
247,036
Jan. 1 to Fei». 28.......
560,632
569,548
June 1 to Feb. 28. . . . 1,330,005 1,345,905
3,919
3,462
2,064
1,709
M ontgomery St. Ry..Feb.
3,378
7,559
7,150
3,7 u8
Jan. 1 to Feb. 28.......
6,430
1,056
637
<15,150
Newburg El^o. R y ...D ec.
22,792
23,734
d 19,305
58,837
July 1 to Dec. 31.......
2,686
357
2,701
555
New London St. R y..Jan.
49,945
106,484
31,226
101,253
New Orleans Traot...Jan.
9,147
22,142
21,326
8,309
Paterson R ailw ay. ...Feb.
45,095
17,047
19,131
45,478
Jan. i to Feb. 28.......
1,321
728
Pitts. Fr. ASub.El.Ry. Nov.
14,442
6,988
Jan. 1 to Nov. 30-----1,233
5,445
1,111
Pough.CityAW. Falls. Jan.
5,391
t3,091
6,417
7,252
Schuviklll T raction..F eb.
X1,981
$6,353
14,393
15,233
J5.576
Jan. 1 to Feb. 28.......
24,429
11,343
Scranton R ailw ay...Feb.
23,990
10,668
23,131
51,562
49,915
22.893
Jan. 1 to Feb. 28.......
110,6^8
218,146
112,123
243,188
July I to Feb. 28.......
1.434
4,147
Scranton & PiUston..Feb.
3,12 L
8,877
Jan. 1 to Feb. 2$.......
44,941
18,813
July 1 to Feb. 28.......
692
6,183
926
6,829
Sioux City Traction..Nov.
8,806
12,343
71,739
71,733
Jan. 1 to Nov. 30.......
31,239
34,274
75,268
74,376
Toronto R y ............... Jan.
83,711
151,967
158,913
74,651
Twin City Rapid Tr.. Jan.
8,017
6,522
Waterbury Tract’n ..F eb .
16,473
19,282
17,337
14,490
Jan. I to Feb. 28.......
35,541
40,738
19,136
16,587
Wilkesb.A Wy. Vy.Tr.Feb.
34,449
36,334
40,052
36,922
75,192
Jan. 1 to Feb. 28.......
73,868
1,329
1,402
3,458
3,092
Wilmington St. L y .S e p t .
11,279
40,109
39,046
7,348
Worcester Consol — Oct.
14,291
5,158
W orcester & Sub. S t. Sept.
Roads.
Akron Bed. & C lev...N ov.
a Net earnings here given are a fter deducting taxes,
b Net earnings here given are before deducting taxes,
c All renewals and b< tterments charged to expenses,
d Decrease in earnings due to factories being shut down.
‘ Method of reporting expenses changed; each month now being
charged with its full proportion o f all expenses.
\ Net earnings are after deducting taxes and tire and accident insur
ance.
Interest Charges aud Surplus.—T h e f o l l o w i n g S t r e e t
r a ilw a y s , in a d d itio n to th e ir g ro ss a n d n e t e a r n ia g s g iv e n in
th e fo r e g o in g , a ls o r e p o r t c h a r g e s f o r in te r e s t, & c ., w ith the
su rp lu s o r d e fic it a b o v e o r b e lo w th o se c h a r g e s .
Inter’ t. rentals,
r-B al. o f Net Earns.—
1896.
1897.
1896.
1897.
*
Roads.
$
$
2,518
Denver Con. Tram w. Jan.
18,222
3,335
17,803
1,008
dcf.102
Schuylkill T raction..F eb.
2,083
2,083
2,687
4,166
4,166
1,410
Jan. 1 to Feb. 28. ...
4,859
3,129
3,393
Waterbury Trac. C o .. Feb.
3,158
11,021
6,299
6,316
8,231
Jan. 1 to Feb. 28.......
s
ANNUAL
R EPORTS.
Annual Keports.— T h e f o llo w in g is a n i n d e x t o a ll a n n u a l
re p o rts o f ste a m r a ilr o a d s , stre e t r a ilw a y s a n d m is ce lla n e o u s
c o m p a n ie s w h ic h h a v e b e e n p u b lis h e d s in c e th e last e d itio n s
o f th e I n v e s t o r s ’ a n d S t r e e t R a i l w a y S u p p l e m e n t s .
56
This index does not include reports in to-day’s Chronicle.
R a il r o a d s
and
Mis c e l . C o ’ s .
Volume 64 —
Page.
R a il r o a d
and
M is c e l . Go ’ s
Volume 64—
Page.
A labam a G reat S outhern ................. M b Maryland Coal................................ 372
Ala. .V. O. & T e x . P a c. Ju n e .. . . . . 325 j M exican C en tral.................................. 465
A m erican D is t.T e l
— ................ 327 Missouri Pacific............................. 513
Am erican Soda F o u n ta in .................2 8 1
N ational L ea d
372
Am erican Straw B o a rd ............ .. 327
National Linseed Oil.................... 468
A tlantic & P a cific ............................... 17
New Central Coal (Md.)................. 515
Baltim ore C n esapeake& Atl in tic . 2S4 N. Y. Chicago & St. Louis .......... 371
B rooklyn W h arf & W areh ou se Co 421 N. Y. & Mew Jersey <elephone__ 515
Canadian P a c i f i c ................. 494, 512, 519 Northern Central ...................371, 375
Central HR. o f N ew Jersev. . ..
281 Oregon Improvement Co.................234
Central U nion T e le p . (C h ic a g o ). .. 328 Pennsylvania RR ............II-3, 465, 470
Charleston & Savannah. ................421
Philadelphia & E r ie ............... 333, 371
Chicago & A lto n ....................... 357, 370
Phiia. Wilmington & Baltimore... 178
Chicago G reat W estern , half year.. 325 Pittsburg & Lake Erie ...........
230
Chicago & N o rth -W e ste rn .................. 265 Quincy Mining C o...
..........
468
C hicago Peoria & St. L o u is___.281, 3 36 St. Lo lis Iron Mt. <&Southern
514
Chicago St. P. Ml. & O m aha------. . . . 514 Si. Louis Vandalia & T. H .
420
Cum berland V a lle y ............................ 407 Savannah Florida & Western....... .....
42L
Delaware & H udson Canal .. 231. 370 Su umit Branch RR....................... 421
Delaw are L ack . & W e s t e r n ........... 231 Terminal RR. Asso., St. Louis...... 515
D iam ond M a t e h ................................. 285 Texas Central................................ 514
Edison E lectric 111. o f B r o o k ly n ... 231 Trenton Potteries............................327
Edison Elect. 111. o f N. Y..231, 327, 3 <2 Terre Haute & Indianapolis......... 464
G eorgia R a ilroad ................................. 231 Terre Haute & Logans port.......... 467
G reen B ay & W e s t e r n ..................... 178 Terre Haute & Peoria.................. 467
H untin gdon & B road T o p ........
, 3 36 United States Leather Co.........
. 422
Illinois S te e l....... ..................... 327, 372 Western Maryland......................... 178
Indiana & Lake M ichigan
467
L a k e Erie & W e s te rn ............
37 L
St r e e t R a i l w a y s .
371
L eh igh Coal t N a v ig a tio n ..
L eh igh & W ilkes-B arre Coal
466 Louisville R y...........................
466
M e x ic a n N a t io n a l R a i l r o a d .
('Report fo r the year ending December 31, 1396. >
T he a n n u il r e p o r t o f P re s id e n t R a o u l w ill be fo u n d o n s u b
s' q u eu t p a g es o f th e C h r o n i c l e . Tne c o m p a n y h a s a d o p te d
an a r b itr a r y rate o f 8 ) ce n ts to th e d o lla r as a basis o f c o n
v e r tin g its M e x ic a n d o lla r s in t o U n it e d S ta tes g o ld , b u t th e
a c tu a l loss o f la te y e a r s has bean m u c h g r e a te r , a n d th is lo ss
is c h a r g e d i i th e it e m o f ‘ - E t c h i n g s . ” I a 1 8 )3 th is it e m
it c o u n te d to $ 2 43,6 2), in 1393 to 8431 242, in 1 3 )4 to 8708,119,
1895 to $6 93,9 4) a n d in 1896 to §794,3 L2, these su m s r e p r e s n tin g th e loss in c o n v e r t in g in to g o ld th a t p o rtio n o f th e
silv e r d o lla rs n e e d e d to m e e t its g o ld p a y m e n ts , & c .
E a rn in g s , e x p e n s e s , & c ., f o r fo u r y e a r s w e re as f o llo w s :
EARNINGS AND EXPENSES (MEXICAN CURRENCY).
1896.
Miles operated ............
1,218
Earnings—
$
P assen gers................. 1.28S,289
Freight........................ 3,86L,006
M iscellaneous............
149,730
1895.
1,218
*
1,272,062
3,117,623
123,520
1894.
1,218
$
1,152,394
3,077,378
99,307
1893
1,218
§
1,185,130
2,942,291
97,382
Total...................... 5,209,025
Expenses —
Transportation...........
801,317
Motive power.............. 1,076,213
M aintenance of cars.
171,957
Maintenance o f way.
499,414
General. .....................
221,166
4,513,206
4,329,079
4,224,804
746,570
876,666
142,414
459,049
217.098
765,392
849,526
185,971
417,197
219,030
799,213
1,017,269
140,645
419,887
209,353
Total ex n en ses. . . 2,773,067
Net earnings.............. 2,525,958
P.c. o f op.exp.to earns. 52*33
2,441,797
2,071,409
54-10
2,437,116
1,891,963
56-30
2,586,366
1,638,438
61-22
INCOME ACCOUNT (MEX
CURRENCY REDUCED TO U. 8. CUR. AT 80 P. 0.)
1896.
Receipts —
S
Net earn. (a t 8 0 p .c.). 2,020,766
1895.
$
1,657,126
1894.
$
1,513,570
99,110
1893.
9
1/296,096
T otal...................... 2,020,766
Disbursements—
Int. on 1st M. bonds..
687,755
Miscel. betterm ents..
125,269
Int., diso’ t, exch., &c.
805,120
1,657,126
1,612,680
1.296,096
693,070
97,225
707,941
694,630
74,761
718,071
702,130
137,156
434,242
1,487,512
T otal...................... 1,618,144
1,498,236
Balance.....................sur.* 402,622 sr.*158,890 sr.*125,168
1,273,528
sur.22,568
•From the surplus there was paid April 1, 1 8 9 5 ,1 per cent on the
inoome “ A s” from the earnings o f 1891 an I on April 10, 1896, 1 per
cent from the earnings o f 1895. Throe per cent will be paid March
22,1897, from the earnings o f 1896.
CAPITAL ACCOUNT DEC. 3 1 (U. S. CURRENCY).
1893.
1896.
1895.
1894.
jj*
tg
$
Coat of road anrl prop . 70,843,413 70,961,413 70,744,212 70,799,750
4,047,750
B’nds & st’ksoth. cos. 4,047,750
4,047,750
4,047,750
21,250
M exican Nat. RR. at’k
21,250
21,250
21,250
209,088
Texas-M ex. coup?.........................
............
209,088
1,457,162
Ba1 to gen. bal. aheet. 1,435,587
1,435,587
1,480,700
T ota l...................... 76,348,000 76,466,000 76,503,000 76.535.000
Capital stock .............. 33,350,000 33,350,000 33,350,000 33.350.000
1st M. bon ds................11,428,000 11,546,000 11,583,000 11.615.000
2d M. b’da “ A ” & “ B” .24,530,000 24,530,000 24,530,000 24.530.000
7,040,000
3 d M. bonds, incom es. 7,040,000
7,040,000
7,040,000
T otal...................... 76,348,000 76,466,000
76,503,000
76,535,000
GENERAL BALANCE SHEET (U. 8. CURRENCY.)
29,888
302,801
1894.
$
200,000
763,670
427,409
276,978
2,081
24,561
306,812
763,670
313,553
287,136
2,081
21,898
306,242
2,038,402
1,435,587
187,176
2,001,511
1,480,700
149,939
1,894,570
1,457,162
24,772
242,395
74,723
98,520
193,821
74,311
102,740
200,162
109,205
103,270
2,349,444 §2,038,402
2,001,511
1,894,570
1896.
S eo.M .b d 8 “ A” & “ B”
200,000
Tex. Mex. bond p u r ..
763,670
C a sh .............................
703,779
Accounts receivable.
341,026
Express p roperty...........................
T ex.M ex. State lauds
31,594
Materials on hand ..
309,375
T o t a l..................... 2,349,444
Bal. from cap. a cet.. 1,435,587
Bal. fr’ m net rev. aoct.
407,323
Liabilities Pay-rolls & vouchers.
255,586
A ccounts payable___
146,310
Interest on bonds . . .
104,638
Total..................
—'V 64, p , 517. J
1895.
$
2 0 0 ,0 0 0
763,670
468,179
273,865
1893.
200,000
564
THE (BROWNILE.
[ V o l . LXIV.
The rains and snows of the past winter have put the entire
Texas A: Pacific Railway Co.
country along your line in better condition than it has been
for years, and all indications point to an increased acreage o f
f Report f o r the year ending Dee, SI, 1S96.J
cropB of all descriptions ; if this is realized, the sections pene
In the report President George J. G mid says in p a rt:
trated by your lines will experience a season of rapid growth
Financial Condition—Owing to the general business de- and development.
oression the result of the operations of the year were not as
Statistics—The comparative statistics of operations, earn
'
*
. ... 5 for, but S
h nR
M nnn tnl rtAWfliftAn
T
satisfactory
as.. ihoped
the
financial
condition rtf
of fGH
your
ings, income account, and the general balance sheet, for four
company at the clcse of the year was in eyery respect satis years, have been compiled for the C h r o n i c l e as follow s:
factory. The physical condition of the property also has been
FREIGHT C A R R I E D (000 OMITTED),
greatly improved. During the year there was purchased and
M anufae
L ive
Total
Coal, tures
paii for iu cash 5,249 tons of 75-lb. steel rails and 300 new Tear.
tons.
Cotton.
Groin.
Lum ber. stock.
395*
175
135
287
167
238
oox cars, amounting to a total of $312,015. In addition 18 96....... . 1,875
478
202
120
267
162
95......... 1,929
217
$111,’- tb of car trust notes were paid and cance'ed, 18
427
205
179
129
.. 1,746
258
111
leaving outstanding on *’ec. 31 $102,104, of which ;>7*,14d 11 889848......
36586
64
83
234
120
.... .. 1,238
is payable in the year 1897 and $24,958 in 189S.
OPERATIONS AND FISCAL RESULTS.
The income account for the year shows a deficit of $6,011.
1893.
1895.
1894.
1896.
This deficit is more apparent than real. In the last annual M iles op era ted ..___
1,499
1,499
1,499
1,490
Operations—
report attention was called to the fact that 6,778 tons of new
996,161 1,037,785
1,087,155
1,167,449
Passengers
carried
steel rads, purchased and paid for during the year, had not Passenger m ileage. GO.183,992 65 015,834 70,661,358 71,440,306
reached the line in time to be used, and were therefore car Bate p. pass. p . mile 2*55 ets.
2-53 ct«.
2*41 ctB.
2*55 ots.
ried over in material account, and would appear in the ex Freight (tonalm ored __ 1,874,739 1,928,934 1,746,428 1,790,085
FreiKht(tons)nill’ge.414,477,264
443,488,140
435,438,518
433,067,436
penses of 1896 If this derangement had not occurred, there A v. rate p. ton p .m .. 1-17 ets.
1-11 ets.
1 ’19 ots.
1-16 ets.
wou'd have been no deficit shown.
E arn ings—
$
$
1,659,880
Your company has no special fund upon which it can draw Passenger................. --------------1,701,920
1,819,268
1,532,846
for improvements, and is therefore dependent entirely upon F reigh t............. ........ 4,847,201 4,914,646 5,194,510 5,039,413
456,583
475,611
• 440,783
Stall,
express,
e
t
c
...
445,098
its earnings for the maintenance and betterment of your
property. It is carrying in its treasury, however, a large
T otal earnin gs.. 6,825,145
7,015,309
7,353,013
7,331,292
amount of second mortgage income bonds ; these bonds have
Operating expenses—
1,123,475
not at any time in the past reached a price in the market M aintenance o f way 1,360,405 1,283,053 1,191,862
409,813445,813
ainten’oe o f c a r s..
451,688
458,735
that would warrant their disposal, but as the condition of M
1.609,424
1,573,601
M otive p o w e r .. . . . . . 1,430,615
1,522,289
your road improves tin se bonds will become a valuable asset. T ransportation........ 1,702,313 1,741,564 1,874,214 1,875,981
203,607
199,449
210,092
212,223
Improvements.—Much has been done during the year in the T a x es.........................
199,229
204,885
212,473
182,797
matter of permanently improving the road, particularly in G eneral ex p en ses...
5,421,529
the matter of filling trestles. Your company has 3 3 7 >et>a5,489,824
T o ta l...................
5,367,586
5,400,661
rate struo urea of this character on its line, covering 232,632 Net earnings............ 1,457,559 1,614,618 1,803,189 1.912.763
feet, or upwards of 44 miles, and your management aim to P. o. op. ex. to earn.
73*92
74*06
78*59
76*98
reduce this mileage by filling wherever practicable. A con
IN C O M E A C C O U N T .
siderable amount was also spent in reducing curvatures and
1893.
1894.
1896.
18| 5 *
lowering grades; if this can be continued the result will
$
Receipts—
1.912.763
speedily show in an increased number of loaded cars to a Net earnings............ 1,457*559 1,614 648 1,863,189
117,768
71,954
86,3*24
109,533
Other receipts..........
train and lead to permanent *conomy in operation.
On J ut, 1, 1866, your company bad on hand 6,794 tons of
2,030,531
1,935,143
1,700,972
1,567,092
T otal in com e—
Disbursem ents—
75 ib, steel rails. In addition tour company purchastd
91.127
109,277
83,877
81,326
5,240 tons, making a total of 12,043 tons of 75-lb. steel rails Rentals & sundries.
1,279,496*
1,279,490
1,279,190
1,279,490
Interest on bon d s...
placed in track during the year 1898. There yet remain 40 B
132,819
33,134
182,633
212,287
et’m’ts, equip., & o.
miles of iron rails in the main line of your western division, E x tra o rd in a ry .........
*244,907
..................
which will be replaced with steel during 1897, n*w rails for
T
ot.
dlsbursem
’
ts
1,573,103
1,546,000
1,666,SOS
1,503,436
the purpose having already been contracted tor. This accom
plished, the entire main line of your road, exclusive of B alance...................... d el. 6,011 sur,154,972 sur.208,335 sur.527,095
branch s, will be laid with steel rails, and no further expend
* Settlem ent in suit o f So. Pac. Co. under G ould H untington con
iture in that direction will be requir* d except for renewal.
tra ct and judgm ents in suits prior to reorganization.
Rates.—O «in g to more perfect organizition of the S *uthG E N E R A L B A L A N C E A T C L O S E OF E A C H F I S C A L T E A R .
1893.
1894.
western Traffic- Association, rates were fairlj maintained dur
1805.
1890.
$
A ssets—
$
ing the year, but at a lower level than obtained in previous
80,747,374 80,851,422 80,963,105R
E
,,
b
l
d
’gs,
eq.,<fee.
80,630,361
years. <"wing to lighter business and increas* d competi ion.
6,712,500
6,712,500
6,712,500
N. O. Pac. R E .stock. 6,712,500
Traffic—The revenue from freight traffic shows a loss of B ow ls ow n ed .......... 5,779,962 5,782,389 *5,783,161 5,782,518
101,349
$67,445, owing to a large falling off in local and non-compet.- j l) e » & Puo. S u b .B y.
137,164
137,459
137,782
itive traffic, caused mainly by the long-continued depression G ordon coal m in e..
213,452
203,223
349,259
fuel. &e,.
iu trade. Through, traffic increased 65,097 tons, while local Materials,
168,347
185,210
151,124
Gash on hand...........
959,642
956,204
traffic decreased 119,292 tons The principal decrease was in Due from agts , &o.
811,359
94.371
88,402
87,492
Land
notes
reo’
b
le
..
the transportation of manufactures and mercha*,dise, the most
194,027
192,184
173,286
profitable elc.-a of traffic. The increase in through traffic was H isjellau.aceountsprincipally in grain for export. There was a marked and
T otal assets....... 94,930,618 95,055,794 95,112,852 95,230,156
encouraging increase in the fruit traffic from Mexico and Cal
L iabilities—
ifornia to the northeast,
Capital stock ........... 38.710,900 38,710.900 88,710,900 38,710,900
54,228,204 54,234,834
Your passenger earnings were severely affected by the gen B onds & int. s c r ip .. 84,220,708 54,225,596
435,552:
324,403
213,254
quipm ent n o t e s ...
102,101
era! business stagnation prevailing throughout the country; E
587,647
529,220
518,* 27
Vouch. *fe pay-rolls..
471,893
218,029*
221.174
the loss in this traffic amounted to 8137,084. A line of new Int. d ue and accru ed
230,279
221.764
t 485,890
i 273,311
176,*225
Pullman sleeper- of superior design i , now running between Other a ccoun ts........
228,647
557,304
825,640
980,012
974,000
Fort Worth, Dallas and St. Louis, making by far the best Incom e a ccou n t—
equtpp* d train between Texas points and the North and East.
Total liabilities.. 04,930,616 95,055,794 95,112,852 95,230,156
It is hop* d that the offer of such facilities will have a marked —V. 63, p, 649.
effect on the passenger travel of 1897,
Requirements for 1897.—The operating expenses in
Union Pacific Denver & G ulf R ailw ay.
1896 were pruned closer than ever before, and, aside from the
(R eport for th e y tar ending Dec, 81, 1896..J
large expindbure for steel rails, show a marked de
Damage by Floods.—Through cloudbursts and floods on July
crease in all items of maintenance, To hold the advantages
you have already gained, however, and to increase the earn 24,1886, almost simultaneously,two divisions, two hundred and
forty
miles apart, viz., the Colorado Central Narrow Gauge,
ing capacity of the property, it will be necessary to nuke
const i« rable expenditures during 1897, not only in improving near Golden, and the Catskill Branch, southwest from Trini
the line, but adding to the facilities at your New Orleans ter dad, were damaged to an extent unprecedented in the history
minal. N,-w Orleans is becoming one of the largest grain of the road. Six miles of the former division and twelve
exporting points in the United States, and its value in this miles of the latter, and eighty-four bridges, were so com
respect will probably be increased in the near future by the pletely wrecked as to necessitate almost entire reconstruc
tion. ' Traffic was suspended on the Colorado Central Division
removal of all port charges, making its wharfage free.
In order to keep your equipment up to its present standard, for twenty days, and on the Catskill Division busim ss was
8O0 standard b*x cars and 2 H) coal cars should be purchased not well resumed until November 15. It is estimated that but
during tb*> coming year. Nearly all your locomotives have for this exceptional addition to expenditure and reduction of
been equip)** d with staudBrd appliances, but more than two- revenue the net results for the year 1896 would have been over
$100,000 larger than the figures herein reported.
thirds» f v< ir cars are yet to be equipped.
Receiver’s Certificates, Etc,, Paid. - Daring the year one-half
Ih murks — 1be partial failure of crops in Texas
»d ‘:P--d to th* • general depression in business of the receiver’s certificates, viz,, $150,000, was paid, and the
and Lout*:
and un*et;
Jltion g ro>wing out, of urn Presidential *luc- remainder has been discharged since January 1. The deferred
notes on new equipment, amounting to $58,448, outstanding
ti0tj4 ir©?it?ded tbe'develop ill
Tbe ctil iv ation,, ho w w r . otf the sugar beet for the production Dec, 81, 1895, were all paid off in 1896, and a settlement was
©f sugar bas been ;inaugurate>*d in the Pecos Valley in the past reached with the Union Pacific receivers, by virtue of which
year and tnneb. ccm Science iis felt that it will rapidly become $48,848 was paid over by them. The current assets aDd liabil
that irrigated section of Texas, ities of this receivership are accordingly in better position in
an i& por
Tbe crop of beeti% grown ;in the past season amounted to every respect that* at any previous time.
Improvements. Etc.—lh e balat ce of cash on hand Dec. 31,
this m tm ige will be greatly increased duronly 13,41$
1895, was $i71,626, and on D .c, 81, 1896, was $279,124, Inm g tbe co iniog s*;agon,
THE t HRON1CLE.
Maecii 20, 1897.]
terest on Colorado Central bonds aggregating $335,160 was
paid as in previous years.
New steel rail was laid as follows: 65-lb. 24 miles, 70-lb.
Smiles. Betterments aggregating $135,217 were made dur
ing the year and charged into operating expenses (including
§49,463 for new rail), and additions to the propt rty aggregat
ing $12,822 were charged to improvement account and
§19,448 was charged to new equipment account. Six loco
motives (three for standard and three for narrow gauge
freight service) were received and paid for early in 1897.
The results are very satisfactory.
The reduction of curvts on the Colorado Central Narrow
Gauge Division was continued with excellent immediate re
sults. Before this work was done it was impossible to run a
consolidation engine over the division referred to, and three
engines were required to haul eleven or twelve loaded cars,
whereas ten loaded cars can now be hauled by each of the
new (narrow gauge) locomotives.
The number of cress-ties laid in track during the year
was 222,183; the estimated requirement for 1897 is 203,000.
The value of the new line between Walsenburg
and Trinidad, constructed in 1895, has been well
demonstrated by the more ecomical service already
attaintd, the ret saving effected by the new ar
rangement in 1896 being nearly the amount of the reduction
in rental, v z , $100,000 per annum. [A. table is presented to
show that during the) three years of the receivership
earnings of the property have been applied to improvements,
etc., as follows: Betterments included in operating expenses,
§306,308; construction, $338,464; improvements (additional
to betterments), $55,773; equipment, $179,127.— E d s . ]
Traffic Statistics.—The reports show:
Total Tom,
1806............................... 1,605,000
1805.................................. 1,168,000
1894 ............................ 1.4 '2,147
— Earnings per--- ,
Mile of
Freight
Road. Train M.
Coal and Coke.
l .“87,000 (68 p.c.)
84H.OOO (^8 p.c.)
859,051 (00 p.c.(
$3,185
3,132
2,846
$183
176
180
665
bonds. All the reductions effected were brought about by a
slight reduction in the price of labor and largely increasing
the capacity of our respective plants by improved methods
and greater skill and care. Every expenditure of every kind
and all expenditures for improvements and betterments have
been charged to cost of production.
Our profits for the year were really larger than the amount
shown in the report of the Treasurer, $174,717 of the earnings
having been applied to depreciation in the value of the iron
carried in stock since the previous year.
The amount of undivided profits brought forward from last
year ($543,(64) has all been applied in writing down the book
values of the various assets by way of depreciation. The total
so applied from 1883 to date has been $3,530,283.
Statistics.—The following statistics have been prepared for
the C h r o n ic l e .
IN C O M E A CC O U N T.
Tot. net profits..
Deduct—
Interest..............
Miscellaneous...
T o t a l.............
Balance...............
1896 (12 wios.)
$
692,333
660,084
1,186
Average miles operated..
1896.
974
1895.
987
$
Passengers........................... 589,203
Freight................................... 2,322,939
Mail, express, etc................ 189,574
557,528
2,339,977
193,981
1894.
1893.
1,000
1,003
$
$
447,101
59s, 850
2,185,427 2,688,177
214.468
222,135
Total earnings..............3,101,716 3.091,486 2,847,056 3,510,962
Oper. expenses and taxes.2,*93,508 2,472,189 2,401,068 3,125,360
619,297
24,886
445,988
22,583
.............
386,604
47,450
783,176
629,601
644,173
468,571
1,216,230
Interest paid on b o n d s .... *3 3 5 , 1 6 0
In t. paid nre o tiv. certs...
10,703
K in ta ls ...............................
14,4 47
Miscellaneous.........................................
*335,160
24,080
T o t a l................................ 366,310
S urplus................................... 263,291
Loss on Ft. W. <x D. o; er’s....................
359,240
284,933
■ret earnings...............
608,218
Inoome from in v e s t, eto..
21,393
Guaranty account.................................
Total inoome.................
Ded' ct—
Loss for y ear...................................
•This Is interest on Colorado Cent, bonds only.
—V. 62, p. 1140.
*335,160 1,217,877
21,580
14,655
er. 1,646
582,305
43,521
1893-4.
$
685,031
631,516
cr.1,205
655,074
1184,129
40,000
661,270
625,826
630,311
779,203
tsur.31,063 sur. 369,968 loss. 68,327 loss. 94,172
U This represents loss on sale of bonds $85,850, less profit on bonds
bought for sinking fund $1,721.
1 The total undivided surplus Deo. 31, 1896, was $31,063.
C O M P A R ISO N O F F L O A T IN G D E B T A N D A V A IL A B L E ASSETS.
31s* Dec.,
1896.
31s* Dec.,
1895.
Inc. or Dec*
* 1896.
-------in
Bills payable.............................1,583,113
Accrued interest..................... 205,863
Sundry creditors on open account 522,317
Reserve funds..........................
60,489
Orders for merchandise ................
6,700
1,237,086
206,770
675,028
38,692
15,303
I . 346,027
D.
907
D. 152,710
I. 21,797
I.
8,603
$
Liabilities—
Financial Statistics.—The financial results for four calen
Quick assets—
dar years were as follows:
Stocks and bonds.................
EARNINGS, EXPENSES AND CHARGES.
1896 (11 mos.) 1894-5.
$
$
995,794
561,984
$
$
.2,378,482
2,172,879
I. 205,603
6,257
Salable part of inveLto ry...............1,176,345
1,176,345
Sundry debtors on open aeoouut . 864,167
.
8S.399
Cash and bills reoeiva le ....
.
76,500
Treasury bonds ..............
Treas. stock (1,500 shares a> 30c.)■) .............
2,242
808,478
979,147
244,106
76,500
45,000
I.
4,015
1. 367,367
D. 114.680
D. 155,707
.2,211,968
Sur. of liabilitiesoverquiokassets.i. 166,514
2,155,473
17,406
I. 56,495
I. 149,108
15,813
Real estate..................................... .
46,753
Convertible part of in ve n to ry.. .
Consumable part of In v e n to ry ..,.. 188,162
Suspense accounts (furnace imi-
d
provements, i're contracts and
95,171
snipping, e c ) .................................
9
17,805
60,074
214,998
D.
1,992
D. 13,319
D. 26,837
289,619
D . 194,448
Total slow and ultimate assets 345,899
Surplus of all free assets over float
ing debt...........................................
179,384
582,496
D . 236,597
565,090
D . 385,705
D.
Sloto and ultimate assets.
45,000
G E N E R A L B A L A N C E SH E E T .
Dec.31,’96. D ec .31 ,’95. J a n . 31.’95. J a n . 31/94.
A sse ts$
$
$
$
371,395 1,216,231
Land
account....................20,705,591
2<\706,943 20,764,580 20,756,621
97,176
............ ■Permanent investments. 9,2*3.102 9,298,748 9,491,518 9,392,227
.............
174,229 Sti cks a» d bonds .........
8 *.757
228,742
707,342
713,810
Re. estate (tern, in vest’ts)
15,813
17,805
14,395
14,395
174,229 Slks. of coal.ore, lr 'D.&c. 1,411,260 1,083,550 1,024,423
933,978
Sundry debtors on open
accounts .......................
864,467
979,147
754,302 3,022,494
Cat-h and bills reci-ivable.
88,400
244,106
112,483
159,410
Suspense
Lcc
unts...........
95,171
289,619
386,553
204,496
Co.
Tenuessee Coal, Iron & RR.
( Report fo r year ending Dec. 8 1 , 1 8 9 6 . )
President N Bixter, Jr., in the report, says in part:
General Results.—Though the number of furnaoes in blast
and the weekly output of the furnaces in the United States
was enormously reduced, our company made during the last
fiscal year approximately as much iron as it eftade in the pre
vious year, the difference in 1895 over 1896 being only 3,832
tons. About the 1st of April, for a short season we had a
very active buying movement. After this extreme stagna
tion was in evidence as the summer advanced because of the
Presidential election. Many of those to whom we had made
sales declined to allow us to ship them the iron. Considering
it best to continue our furnaces in blast, this resulted in our
accumulating a larger stock of iron than ever before.
I Sales in Europe.—In the last of July I seat an agent to
England and the continent of Europe to arrange for intro
ducing our iron to foreign maufacturers. This he did, and
we began at once efforts to make sales for foreign txport, and
have succeeded in reaching most of the important foreign
markets. Our iron has given universal satisfaction, and the
business has grown until in the last few months it has as
sumed considerable proportions. Onr Bales abroad have been
between 60,000 and 70,000 tons. The prices obtained have
been fully as good in all cases, and in many better, than the
equivalent of our domestic sales. The success of the com
pany in the different foreign markets is regarded as of the
greatest importance, as it gives us an outlet which we can
never be depiived of, on account of our lower cost of p r o d u c
tion and closer proximity to tide water, enabling us to de
liver our iron on board ship at Gulf or South Atlantic ports at
a much less price than can be done by any other iron d is tr ic t
in the United States.
Financial—Physical Condition.—Many economies in cost of
production have been instituted; so that, notwitlutandiug the
fact that the average selling price in 1890 is the lowest ever
obtained, we were able to maintain the physical condi
tion of the properly and more than earn the interest on our
To ta l assets.................32,506,861 32,848,661 33,255,598 33,197,431
Liabilities—
Stock, c m t n o D .................. 20,000,0^0 2 0 ,0 0 0 .0 0 0 2 0 ,0 0 0 ,0 0 0 2 0 ,0 0 0 ,0 0 0
Stock, preferred................ 1,000,000 1,0 0 0 ,0 0 0 1,0 0 0 ,0 0 0 1,0 C0 ,0 0 0
Bonds, less finking funds J9 097,315 9,132,716 9,385,301. 9,154,337
907,500
Bills payable. ................ 1,583,113 1,237,086 1,212,469
206,770
142,253
144,090
Int. accrued, not due, «&o.
205,862
523,309
455,614
635,302
Due on open a cco u n ts...
382,823
151,719
125,489
126,450
Due to era; loyees........... .
139,494
38,092
25,292
1,044
Reserve funds...................
60,489
15,304
6,669
405
MicellaDeous.....................
6,701
543,065
902,512 1,228,257
Profit and loss...................
31,062
To ta l liabilities...........32,506,861 32,848,661 33,255,599 33,197,431
3 $593,684.— V . 64, p. 135.
t Sinking funds Deo. 31,1396,
Commercial Cable Company.
fR eport for the year ending Dec. 31, 1896.)
President John W . Mackay in the report says:
General Results.—The gross earnings, including iuterest from Invest
ments, am ounted to $2,019,256, being an increase o f $9,518 over
1895. The expenses inoreasod $18,350, which was principally due to
oable repairs, eight repa irsh avin g been made during 1896 as com
pared wlili five the previous year. The net earnings amount to
$1,176,565, out o f w hich have been deolared quarterly dividends o f
l * per oent, together with a bonus of 1 per cent, making total divi
dends o f 8 per cent, which have absorbed $ - Oo.OUO and left a balance
of undivided profits o f *376,563; this has breu added to the eredit of
profit and loss, making the oalauce o f undivided profits oarried for
ward to 1897 $846,078. The reserve fund has be»n inoreased by
$250,000, which lias been invested in first m ortgage bonds o f tho
Commercial Oaule Bulldiog C o , secured by valuable real estate in
New York City. The am ount now standing to the credit o f the re
serve fund Is $2,042,821.
A c q u i s i t i o n o f P o s t a l T e le g r a p h -G a b le C o .—At a special m eeting of
shareholders held on December 22, 1896, it was unanimously voted
to putchase the entire property of the Postal Telegraph-Gable Com
pany. The property was acquired by tile Commercial Cab'e Company
on January i , 1897, and will be dealt with in the annual statement
fo r the current year.
A c c o u n ts A u d it e d .—The com pany’ s a c c o u its have bein audited by
the chartered acoountants, Messrs. Deluitte, Devor, QdlTlths & Oo..
a similar j early exam ination will bo made in the future.
The earr ings fer the late fiscal year are shown in compari
son with those for previous years in the table below. “ Gross’’
THE CHRONICLE.
Ob*
tM-M* include nt 1896 $53,913 far “ interest,*’ against $18,140 in
1691. The working ■•speoai $ in 1390 include $573 783 f o r o r
dinary operation, $180,587 for maintenance and repairs, $101,6 9 2 for rent o f leased lines, and $3,534 for legal excuses. The
earnings have been ;
l'r o r .
18R5
ISfM ...
.....
1693 .... . . . . . . . . . . .
•O i
55
tiU iM.738
1 / 3 ,e 3 t
1,1
1,842,347
Xet.
$1,176,565
1,315,308
1,010 A M
1,057,747
D iv id e n d s .
Bal., sur.
$8UG,0i>0
700.000
7O0,O'K>
700.000
3 1 0 .4 3 H
$370,565
515,308
357,7-17
1ul yu n s SIIKKT DSCKUUBS 3 1 , 1 89 0 ,
M obilities.
8 1 2 ,M 0,801 ! Capital s to r k ............. *10,000,000
P la n t...
2 ,068,0 ’ o 1 D ividends .................
275,7 1 3
Stuifiry SMHAlf
227,454
6&3,t84 I Sundry cred itor*.........
Bumlry kUbu
550,249 |Reserve fund ............. 2,042,820
Cs#tt at b u lk 4
Revenue anpt. to ext's
8 par® cabl® and ml;
2 3 0 ,0 0 0 ! prior to Deo. 31, '95. 2,250,000
eell&b CHillS
....
848,678
i Revenue a cco u n t.......
A m ‘44$.
OKNEK U, RESULTS.
--------Slcclion Plant.--------ifd . Steel.
Result on. Ad, Impts.
Sales, Etc. Sur. Income.
X et Loss,
Roth Plants. St'l’n P t’t.
18 9 6 .. $ 0 ,865,933 sur. $80,692 lose $121,306 loss $ 40,704 $194,001
1895.. 6,079,957 sur. 121,657 loss
35,920 sur. 85,737
......
The fallowing shows more in detail the results of the year’s
work :
O U TrU T (IN TOSS).
Blast
.
Furnace.
1 8 9 6 ..... 85,000
1895 ....1 8 5 ,0 0 0
—V. 62, p. 870.
BeSsemer
Depart'!.
112.000
157.000
Open Hearth
DepaiTt.
87,000
122,000
Rails Bridge anti
Rolled. Oon. Dept.
68,700
11,000
111,000
10,000
I
T o t a l................... - $15,642,666 |
T o t a l...................... *15,642,666
The reserve fund i creased $250,000 during the year.—V . 04,
p. 300,
Tamarack Mining Company.
f Report for the year ending December 31, 1S9G.)
The directors in their report call attention, first, to the
slight in c r e a s e o f cost per ton of rock stamped and mined,
owing t o ‘ ‘our doing all expensive work first for the double
purj, - <f safe-y and ultimate economy," Next to the new
coal ttors-ge sh< d and dock at Dollar Bay, which mains a
large saving in ccst of coal, and principally to the low grade of
rock, which has been met with for the last two years and
more, and the dec ided improvement in this respect shown
in the openings, both of the old and new mine.
Superintendent Parnail closes his report as follows:
Perhaps a w ord to stockholders w ho have professed disappointm ent
lo ibe net earnings durine the past two years may not bo ittrisa. e'or
these j e r s the per, outage o f mineral in the rock Ins not exceeded
2-42 per cent, whereas from 1890 to 1393 the least to any o f those
years was 3-18 p e rc e n t and In 181-0 it was 3-87 per cent. The L o ts
Bre. the mine from the 1 2 th to the 2 1 st level opened lean, e x cep t in
pntehrs, com pared with the around above; aud there was no oh-tnee
for special s- !■ ction nor w ould It have been good mini tic to leave be
hind a id expose in absolute loss ground on w hich a sm all profit could
be made. This, t am pleased io state, has been struggled through, and
the decided im provem ent at many points leads m e to conclude that
from a m ining standpoint the Tam arack ia y e t In its Infancy.
EJUtNISGB FOB 1 2 MONTHS TO DEC. 3 1, 1896.
Receipts fr o m
Operating
copperexpenses.
81,746,188
$1,377,492
! VOL. LAIV,
Xet
earnings.
$368,697
Dividends
paid.
$360,000
Balance,
surplus.
$8,697
GENERAL
INVESTMENT
NEWS.
Reorganizations, Etc. - Latest Data as to Default.1, Reor
ganization Plans, Payment o f Overdue Coupons, Etc.—A 11
facte of this naiure appearing since the publication of the lart
issues of the I n v e s to r s ’ and S t k k b t R a i l w a y S u p p l e m e n t s
may be readily found oy means of tne following iodex. This
index does not include matter in to-day’s C h r o n ic l e .
R a il r o a d s
asd
M is c e l . G o . s .
Volume 6 1 —
Page.
A ltoon a Clearfield & N o . . . . — soml 468
A tc h is o n Jew ell Co. & W . |
A tc h is o n Col. & P u o...........]...com . o ld
A tla n ta A W e s t P o i n t .....n o feevr. 510
A tla n tic & P a c ific ... .....com . JJ28, 510
B. & O.— Pitts. A C o n n e lls ? ,. <coup. 28#
B utte & B oston M in ing Co. ... sold. £80
Cane P ea r A Y a dkin V a l....,/o r « c f . IS •
C entral O h io .. . . .com . 180, -122, 516, 523
C ent. V e r m o n t, fared. 373 .pen*ttty. old
Ciiatranooga H om e & C o l.....p la n . 510
C h ester & L e n o ir ...................... reorg. 1 SU
C olum bus & Cin. M id ,,.,..c o m .I 8 u, 330
Col. H o ck . V . & T o l e d o . . . . . . . . reevr. 422
Do
Do
default. 51<i
Col. San. & H ....r e c u r s . cUsclwryed. 23:i
Do
commute-. ilH
C u yier A W o o d b u r n ............ .. sold. 46>*
D e tro it L a n sin g A N o ........... reorg. 469
D uluth Gas & W .reevr. discharged. 4=23
B ast T e n n e sse e L a n d C o
..sale. 423
E d ison K lee. Iliu m , o f St. L . , reor-i. 516
E v a n sville & R ic h m o n d .
..sale. 423
Ft. W orth & R io G ra n d e ., default. 28?
G ains v llle Jefferson & S o . .... reevr. 510
G re -n w . A n d e rso n &• W . ....... n e w . 287
H e n d e rs o n v ille & B reva rd R y . T.
& T
..................
?e cw . 423
Jaek son v. T a m p a & K . W . . . . . .sale. 40n
L. Shore & M ich. S o . . . . . rt/wding. 4=70
L eh igh V a l l e y — ..readjustm eat. 517
L ittle R ock & M e m p h is ... . . . .reorg. 234
L o n g Isla n d .............
. . . control. 234
L ou isv. N. A . & Cta.coup. 234. sold. 5 7
Do
do
3d instal. due. 373
M em phis & C h a r le s t o n ........ sale. 37.i
M e x ica n N ationa l .int. on n bonds 517
M id dle i en n . & A l a . . . . . . ......... sale. 617
M obile & B in n ....... int. on incomes. 518
R
a il r o a d a n d
M
is s e l
, Co ’s.
Volume 64—
( Oon )
Page.
N a tch e z A R e d R iv e r & T e x a s
H R ...............................................w rd. 424
N o rfo lk & Western.■mow securities, 374
Osrdensb. & L. Cham plain .ms to in t. 374
O h io South'll,.iepoiini.s.331; recv.ctj«. 374
O hio V a lie v ,, — , — .. .lommittm. 2880 r e « . S hort L in e & U. N, .coUp.181,
288; new co. 331; sale confinned. 374
P e o ria D ec. & E v .../orecL 235, 170, 518
Do
do
....coup. 288
P eoria W a te r C o .. . . . . . .............coup, 470
P h il. H ead. & N ew E ng.. rv*o/y,lbl, 235
Q uin cy Um & K . Q..$alc.l8l : re-org. 470
St. Clair M adison &St.L.Belt.r<COT. 181
S h a rp sville H i t . . . . . . . ............ recur. 235
S h ort R o u te By. T r a n s fe r .. .foreel. 331
South C arolina M id lan d......... reevr. 287
T e n n e sse e C en tral. .. for eel. 288, 424
T erre H a u te & L oga n s p o r t ... coup. 374
T o le d o St. L .S K ,G ................ suit. 331
U nion P a cific ....... /or*ci-235 ; coup. 172
Do
..K . P. consofs.288, 3-.il, 424
Do
do
do
plan. 424=
Do
sin k in g fu n d Bs.pian. 331
& L a k e V.-..realm com. 18 2
d o ecet. Sci >p. bonds. 230
do — stock com 288, 374
STRELT RAILWAYS,
Volume 6 4 —
Page.
A u stin (T e x a s) R . T . . . . . ....... reevr. 422
Brigantiue Transit..... ............sold. 373
B rook lyn E le v a te d .. readjustment. 5 i0
Burlington (la.) Electric......... sale. 408
Capital R y. (F ra n k fo rt, K y .) ., . sale. 422
C itizen s’ T ra c.(S a n D iego, Cai.)reci>r.4 22
E n glew ood & Cnic. E l . . . reers. ct.fs, 423
F ou rth St. & A rsenal t
r
P e o c ie ’ 3 R a ilw a y ..,. Sbt'-L- reCBr 618
For the year ending June 30, 1895, gross receipts were
Atlantic & Pacific R R .—Income Bonds ('Western Divi$1,515,173; net earnings, $403,165.
sionj Final Notice. -N otice is given that tne Bvcha Com
mittee now rtpriseucs §5,400,000 of bonds, being a maj uiiy
ASSETS AND LIABILITIES DEC, 3 1 , 1 89 6 .
held by the public, bul owing to the delay elapsiug
L iabilities.
Asects.
Unpaid dividends.........
$ 5 ,6 7 3 in the receipt of boeds destined for deposit, an extension t f
A cots. ree'ble at Boston
Phereaf er a penalty
and 0 dtC.RR. boi ds. $176,379 Drafts outstanding.......
41,357 time is granted until the 28d instant,
250 sh.H.& l-'.RR.stock.
25,000 A ccou nts payable at
of one-balf of 1 per cent will be charged See advertisement
m in e .........
......
58,465 in another column.—V, 64, p. 516.
Cash and sects. receiv
able at m in e ................
19,426 A ccou nts payable at
B oston.........................
Supplies a t mine............
194,544
32,508
Balti nore a O hloRR .—Expenditures fo r Improvements.—
783,305 When the receivers were appointed tuev :ound that, in order
Wood am! tim ber lands
180,490 Balance o f assets........
Cash at Boston,and co p
to successfully compete wttn other trunk lines, it would be
per, since sold.............
425,469
necessary to improve the general physical condition of the
T otal..........................$1,021,308
T ota l..........................$1,021,308 road. They have now prepared a statement of their expendi
The balance of assets surplus is derived as follows: Surplus tures from March 1st, 1896, to Feb, 1st, 1897, for addiiions,
Dec 31, 1895, $1,031,328; surplus as above, $8,697; construc equipment and betterments. This statement shows that
tion and sinking of shaft 5, *256 721: total surplus, $788,305, almost $7,000,000 have been spent, as follows :
The dividends from March, 1888, to December, 1896, have
Motive department.
E ngineering department.
Rails (set- b e lo w )............ $583,000
Betterment.-:
aggregated $4,880,000.—-V. 62, p, 587,
78,872
L ocom otives...............
$18,000 Fastenings, frogs, etc .
Pa-sent, er ears, e tc ...
86,too New brid ges...................
105,oou
Pennsylvania Steel Company.
Freight care built..,
147,000 Tunnels, e t c ................
89,000
Construction:
Equipm ent purchased:
( Report fo r year ending Dec. 31, 1896. J
Cumberland
termin’
e.
182,000
3,300,000
(Jtenwood............
43-i,000
President E. C. Felton in the report says in part:
E xtraordinary repairs. 1,348,000
M iscellaneous.............. 569,000
T he prostration o f business during a great p art o f the year 1896
h a - ri-mlerea it im possible to operate our w orks at Steelton at a
profit, after paying interest charges and charging to operating ex
pense* m e extensive additions m ade to the plant. At the same time
tin- .miisll output o f rails In the United Statrs fo r the yoar has operated
very much to the disadvantage o f the M aryland Steel Company. The
oper ations o f both plants snow a n et loss for 1890 o f $40,704, com
pared with a gain o f $ 9 5,737 In 1895.
Of tile output o f our Bessemer departm ent in 1890 79,000 tons were
m a d - daring the. first h a lf o f Ute year and 33,000 tons during the Inst
hair. The rebuilding o f our No, 1 bloom ing m ill, which Is n ow well
under way .w ill low er ou r labor cost M aterially. The number o f tons
o f rail- rolled in <mr rail mills during the first half or 1896 amounted to
50,000 tons; anting the latter half to only 18,700 tons, These figures
ladli-iite the extr-n ie depression in the most profitable branch o f our
bnsincs*. especially during the last half o f 1896.
Our frog and switch department did about $80,000 Sens business
than in i - o s . Our bridge and construction deportm ent has been en
larged by t e addition o f two electric traveling cranes and additional
tools in the finishing shops, and is now second to no shop In this coun
try in equipm ent and facilities fo r handling work cheaply. Karly in
the year wo purchased on advantageous terms a farm o f about 150
a-re«, from which ou r supplies o f lim estone can he procured for m any
years to com e at a minimum cost.
T h - closing o f Hie year finds onr plant tn excellen t condition and
well fitted to operate at low labor cost*.
The rt suits tor the year are shown in the following tables.
The Steelton plant s h o w s a loss of $113,309, after charging to
operating expenses $19-1,001, which was expended in improve
ments to Bessemer department, in building new blooming
mill and in extensions and additions to bridge and construc
tion department and frog and switch department. Before
deducting these <xtraordioary expenditures the net surplus
of the Sreelton plant was $80,692. comparing with a net sur
plus of $121,657 for 1895:
Total, say................ $5,000,COO
Total, say.................$2,000,000
The amount shown for rails above ($586,000) represents the
difference in the cost of the new 85 p juud rails and that of
the old 67-pound rails, which were laid on the main stem,
the Parkersburg branch, the Washington branch, the Pitts
burg division aod the Philadelphia division. The statement
does not include the 58,000 tons of 85-pound steel rails which
were ordert d a few weeks ago and which will cost in the
neighborhood of $1,000,000.—V, 64, p. 516.
Central Ohio E R .—R 0 ty to Company's Circular.—Tha
Itieman -committee has issued a oircular in reply to that
piiuted in last week’s Chronicle from the management of
the company. The burden of the reply is lhat the present
office! h of the Central Ohio are also officers of the B. & O. RR,
Co. aDd cannot be expected to act freely in the interest of the
security holders. The committee, therefore, urges that proxies
to be used at the annual meeting at Columbus, Onto, on April
28 be sent at once to the committee, P. O. oox 934 Baltimore,
Md.—V. 64, p. 523.
Cleveland Lorain & W heeling By.—Oolnmhns Hocking
Valley <fe Toledo RR. -O hio Southern R R ,—Toledo At Ohio
O iH rai Ry. -W h e e lin g At Luke Brie B y.—Remits Com
pared.—In view of the prominence of late of the Ohio
bituminous coal roads, the following data from a statement
prepared by William H. Brown, head of the statistical
department of Simon Borg & Co., is of value. To© results
are all for the year ending June, 1896, except thoBe for the
Ohio Southern, which are for the year preceding.
IHF CH RO^in.K.
Maech 20 ”• 7.|
S T -I I 8 T I C 8 P E E M IL E O F K O A D .
W h eeling C levela nd
ft. C a ke L ora in &
Ohio
E rie. W heeling. So’ th'rn.
Passenger earrings..
F re gilt earnings-----Other earnings..........
*566
5,034
286
*954
7,099
199
Total gross earn..
To ta l net earn___
Mainten’ceof w a y ...
Main, of equipment..
$5,886
1,602
699
*8,252
2,485
1,072
1,119
668
*336
2,204
443
Toledo Col. Hock
& Ohio V olley <£•
Oenlrnl. Tolido.
*1,180
3.88M
167
* 1 .2 1 3
*2,983 *5,235
1,363
1,663
327
798
224
533
$7,954
3,568
692
737
D en sity oj traffic
6,374
268
22.750
49,544 16,875 51,462
Passenger mileage..
70.988
Freight mileage___ 1,072,841 1,434,435 386,435 744,400 1,093,712
ST A T IST IC S P E R T R A IN M IL E .
2U
19
14
25
A v . pass’s per train.
31
249
254
265
A v . tons per tra in .. .
263
433
$1*51
$1*21
$1 26
E a rn , per fr’ght train
*2*51
$1-37
Rateperton re rm ile .0*436 cts. 0*495 ot*. 0*370 ots. 0*522 cts. 0*580 cts.
59 crs.
4 7 o*:8
E a rn , perpiss train..
38 cts.
58 cts.
62 cts.
Rate pb pass. p’r mi e 2*46 cts. 1 93 cts. 1*99 cts. 2 * 0 1 cts. 1*86 cts.
—V . 6 4 , p. 39, 135, 3 74, 424, 516.
Colorado Coal & Iron Development.—Foreclosure Proceed
ings.—H. K. Pommy, of Pomr >y Bros., and others, trustees,
have commenced foreclosure proceedings under the co'lateral trust 6 per cent mortgage for $374,000, interest on which
went to default last December.—V. 63,p. 29.
Dallas City Street Ry.—Receiver Appointed.—At Dillas,
Texas, March 12, Judge W . J. Smith appointed Charles
Bird receiver of this company on an application made by the
Mercantile Trust & Deposit Company of Baltimore, trustee of
the mortgage of January, 1896, for $159,000, interest on which
is in default.—V. 63, p. 185.
Joint rrafHc Association.— Eastern T<nuk Lines.—Asso
ciation Upheld.—Judges Wallace and Lacombe, in theUuited
States Circuit Court of Appeals yesterday, dismissed the ap
plication for an injunction in the case of the United States
against the Joint Traffic Association.
The injuncti in
sought
to restrain
the
railroads
from operat
ing
under the
Joint
Traffic agreement.
Judge
Wallace,
in
announcing the
decision,
said the
Inter State Commeice Act could not be invoked in the present
case for several reasons. The United States had no right
under that act to employ the method of injunction. There
was grave doubt whether the Commission itself had any such
recourse. The Anti-Trust Act was not meant to apply to rail
way carriers. It was unnecessary to decide the question
whether the agreement was a pooling contract. The case will
be carried to the Supreme Court of the United Sta'es.—V.
63, p. 504.
Kansas Pity At Omaha RR.—Status, Earnings, Reorgan
ization.—This road since Nov. 1, 1896, has been operated in
dependently, but hv the same General Manager as the St.
Joseph & Grand Bland, under an agreement for division of
rates. The earnirgs are showing a very substantial imorovement over last year, the gross from Nov. 1 to March 1, four
months, being about $73,000 and the net $51,000, exclusive of
taxes, which are about $2,700 a month. Oo the assessm-nt of
$100 per bond $75 has so far been called. A permanent reor
ganizttion is in abeyance pending a settlement of Union Pa
cific affairs —Y. 63, p. 504.
Little Rock A Memphis RR.—Sale Postponed Until June
10.—The foreclosure sUe has been postponed until June 10.
Negotiations are pending for an extension of the road from
Little Rock to Wister Junction, on the Choctaw Oklahoma
& Gulf, a company having been formed to build tha exten
sion, as stated in the C h r o n i c l e of Jan. 30, p. 234.
Louisville New Albany & Chicago Ry.—Last Instalment
on Stock Now Payable.— The fourth cash payment <f 20 per
cent on the old common and preferred stock became d'’e and
payable on March 15th, bung $150 on each 100 shares of pre
ferred and $50 on each 100 sharrs of common.—V. 64, p. 517
Metropolitan Street Ry.—Kansas City Cable Railway
Co.—Extension o f Bonds Due April 1. 1897.—Messrs. BIJir &
Co. and the New York Security & Trust Co. have agreed
to extend the first and consolidated mortgage bonds issued by
the Kansas City Cible Ry. Co., maturing April 1 next, fora
period of four years, at 5 oer cent inurest, both principal and
interest to be payable in United States gold coin of or equiva
lent to the prisent standard of weight and fineness. The lien
of the mortgage now securing the bonds will continuj umira
paired, and the Metropolitan Street Ry. Co. (the owner of the
properties of the Kansas City Cable Ry.) will also become re
sponsible for the payment of both principal and interest,.
Holders wishing to make the extension must, on or before
March 20, deposit their bonds with one of the companies
named, who are also prepared to buy at par and accrued in
terest to maturity the bonds of any holders that may desire to
sell rather than to extend them.—V. 63, p. 27.
Missouri Pacific Ry.—Official Statement.—Eirly in tb»
week a heavy decline occurred in the prices of the c o m p a n y ’s
stock, owing to rumors of a receivership. President G orge
J. Gould thereupon made the following statement:
5 7
alsoapptoved the sale of $5,090,000 of N->w York & New
England consols held by the N. Y. N. H. & H. RR. Oo. and
voted to issue $3,000,000 of 4 per cent currency debentuie
bonds, to be dated March 1, and run for 50 years.
Expenditures During Mr. Clark's Presidency.—The“ B ston News Bureau ” says that President Clark at the last meet
ing of the board presented a statement of the expend! ures n
capital account made duri g the ten years of his administra
tion. Tnis showed in round figures an exp“nditure of $60,000,000 for the reconstruction, improvement and extension of
the road, including its investment in the New England RR.,
hut excluding expenditures on the Old Colony and Bas on &
Providence, except for advances made in connection with the
Boston terminal. The main items are:
Four-tracking New Y o rk D ivision.................. .......................... $9,730,886
Real estate and righ t of w a y ....... .............................................. 7,->84,774,
Double-tracking Shore Line D ivision........................................
3 223.389
1,324,555
O her elimination of grade crossings........................................
Harlem River B ra n o h ....... ............................. .............................
774.897
3.826,308
New rol ing and floating stocks........................................... .
Other im prjvem ents ........................................ ................. .......... 2,647,838
Total above improvements and equi p m e n t......................... $29,113,247
Advances aoeouut of Boston & Provide ice terminals.........
2,073,125
Acquisition of stocks of leased lines merged (New Y o rk
Providence & Boston, etc) ................................................... 5.900,000
Acquisition of seouri'les of leased lines not merged........... 10,127,347
Stock and binds of New England R R ........... .......... ................. 10,842,890
Securities of Proviilenoe & Stonington S3., e tc.,................... 2,146,327
Miscellaneous.....................................................................................
222,902
G rand total capital expenditures............................................ $60,425,738
The increase of capitalization has bean $57,270 900, a id
the balance has been taken from surpl is earnings Tne stocl
has been increased from $15,500,000 to $47,475,700, and there
have been created $ 6,397,200 of debentures and $8,898 000 of
notes payable, making the above increase.—V. 64, p. 470.
New York * North Shore Ry. —New York & Queens
Connty Ry.—New Long Island Trolley Company.—This com
pany has been incorporated with authorizjd capital stock of
$',000,000 in the interest of the Nsw York & Q teens C iunty
Ry. (formerly S’einway Ry. Co.), t) build 20 miles of trolley
road on Long Island to connect Newtown, Jamaica, North
Hempstead, Middle Village. Flushing, Whitestone, Willett’s
Point and Manhassst. It is hoped to nave the lines running
by next winter.— V. 64, p. 234.
Ogdensburg & Lake Champlain RR.—Central Vermont
RR. —Charles Parsons Appointed Receiver. —Foreclosure and
Reorganization —The U. S. Circuit Court for the Northern
District of N-w York has substituted Claries Parsons in place
of Charles M. H iys and Edward C. Smith as receiver of the
Ogdensburg & Lake Champlain RR. M-ssr*. Hays and
Smith are the receivers of the Central Verm mt RR.,and they
have been operating the Ogdensburg & Like Champlain
under an order of the Court which allowed them until March
1, 1897, to elect whether or not they would adopt the agree
ment of 1886 for the operation of the road as part of the Can
tral Vermont system. They having not s >elected, the road is
ordered to be turned over to Mr. Parsons, who is Chairman of
the bondhold-rs’ committee, at midaight March 21. It is ex
pected that a decree in the foreclosure suit will be obtained
within thirty days, and that at the sale the r>ad wdl be hid in
bv the committee and a reorganiz ition effected in accord mce
with the plan of A u g u s t last; see C h r o n i c l e issui o f August
29, page 358.—V 64, p. 516, 518.
Reading Company.—Sie important item on page 570.
St. Louis Salem & Arkansas RR.—St. Louis 4: San Fran
cisco HR.—Sold in loreclosure — The St. Liuis Salem & Ar
kansas line was s >ld this week under foreclosure of the first
mortgage and acquired for the St. Louis&Sin Francisco RR.,
which holds nearly all of the bonds, thev having been obtained
per offer in V. 62, p. 1140.—V. 61. p. 186.
South Jersey Traction.—Sold in Foreclosure. —This prop»rtv was s >ld in forecl isure at Bfi igat >u, N. J., Marco tl to
F L Lewis, representing the bondholders. The price was
$90.000.—V. 64, p. 331.
Union Pacific Ry.—Morgan Plan for 6 per Cent Collateral
Trust Gold Notes o f 1891.—Notes to Be Purchased at Par and
Refunded Under an Agreement with the Union Pacific Com
mittee.— Messrs. J. P. Morgan & Co. announce that at the
requeitof h'ldjrs of largi amounts of the above-described
notes, they have prepared a plan by woich those noteholder*
desiring immediate cash pivment shall be accomodated,
and at the same time the remaining noteholders (ia considera
tion of an allowance of preferred stock of the reorganized
Union Pacific Railway Co ) shall arrange to take over the
collateral which is plelged for their present debt, and to
liquidate the same within a definite p-riod, in a manner to
avoid unnecessary disintegration of the Union Pacific system.
Tne plan has been formulated with the co-opera inn of the
committee consisting of Messrs. Moure, Alexander and
Atkins that issued a plan of its own ia D ;cetnber, 1898; see
V. 63, p. 1116 The present plan provides that the existing
The report that receivers will he appointed Is absolutely without
gold note 6s shall be deposited, the depouror recliving a new
foundation. There is no interest In default, and if any of the bond
holders wish to oash their April coupons now [ will pay tho coupons 6 per cent certificate of $1,000 for each $1,000 note s >depos
atth eb face value, charging 6 nor cent Interest on the money thus ited
The Dew certificates will be limited in amount to
advanoed. The net earnings for January show an Increase of $ t4 S .OOO over January last year and the gross earnings for February show $3,488,000, being the same as the amount of notes n >w out
a sattsfso'ory increase. In my opi i.n .t h e reports are the result of standing. The deposited notes will be used by J. P. M >rgan
& Co. for the purpose of foreclosing the present trust and of
a desire to cover short sales In other stooks.—V. 64, p. 518.
New York New Mayen & Hartford KR — The New Bonds purchasing the collateral held tberemder, so far as d seated
Authorized— The directors on Saturday declared theii regu advisable. The seeuri'ies thus acquired are to be adminiBlar quarterly dividend of 2 per cent, payable March 31. They ' tered and gradually liquidated by the firm (substantially in
5(>*
v thev are now doing) for the purpose of red. era
certificates after paying interest thereon at 0 P* r
l e g tli i »«
,im from Feb. 1, ISS'.
, ,
cent p
•ration of the opportunity thereby afforded to
half
of
the
Union
i\teifi
all
or
any
of
the
p:opaeamtf©- It
ir these new certificates, the Union Pacific U o*?
trite® h t t
* that the reorganized Union Pacilie Co. shad
mitt#® »-s
•ottifleate holder 15 per cent par value in its new
p a y t®
■k when issued. If by February 1, 1903, there
p r e fe r r e d
§b&H not have •been roaliz >d a sum in cash (in addition to Slid
k) equal to the par of the new certificates with
preferred
inte-.‘,.s accrued to that date, then all the securi'tes shall bs
sohl and th ' proceeds. to the necessary extent, shall be appued
toward such payment; or, if insufficient then, first, to p iy
„ n !n;..r.-: and, secondly, to make a ratable distribution on
. ‘ Junx of principal. Tbs Union Pacific Rrorgan.zition
Commit tee assumes no responsibility for tha result of any
im
ame
IVou. LX1V.
I’HK ('H R O N H 'U i,
(e) PrtOI*ORTtOSATIS Pavmbsth os Al&tu* OiSHTIIfCOATES.—Or til*
deposit ark** may apply tha aurplu* moneys towards the w n l propor
tionate luivmeat of a ly part of the unpaid principal of *U tho ourtiflo ito* issued Hereunder, and thereafter the senv annua! in t
for Interest at the rate of 6 per cent par annum sb ill bs payable only
upon the balance of prl icipa up to $1,000 rem titling unpaid o * every
such certificate.
Whenever the depisitariea shall have realized fn ra the
securities comprised in the trust estate sunn in cash sufficient
to pay all tha outstanding certificates and warrants, then, in
case such fifteen per cent of preferred stick shall have been
received by them, as below provided, the depositaries shall
deliver to the reorganization committee any surplus of bonds,
stocks, securities and cash remaining i t their hands
R ig h t s o f C e r t i f i c a t e s
to
P r in c ip a l a n d I n t e r e st , —
Neither the depositaries nor the reorganization committee
assume any personal responsibility for the payment of any
sum to the'holders of the certificates or warrants issued here*
u tder; and no sums shall be payable to the hold rs of such
certificates except to the extent and in the manner herein
hU'\mingemenP have also been made with a Syndicate to provided when and as declared by the depositaries out of the
underwrite the plan, and to purchase any notes wWjchthe net proceeds of the trust estate.
holders mav desire to sell. Holders desiring to refuadl their
T r u s t M a y B3 L iq u i d a t e d i f P a y m e n t i s F u l l is N o t
notes are notified to deposit them with J. P.Morgan & Co , Made by' F eb. 1, 1903.—la case on Feb. 1, 1903, the deposit
obtaining receipts therefor. Holders who prefer to sell their aries shall not have paid in cash the full principal sum of $1,000
notes to the syndicate at par and interest are informed that upon every such certificate and the interest as above specified,
then the depositaries may. and, if requested in writing by the
they may do so'at the same office.
.,
The Moore Committee, under agreement of D cemher 14, holders of not less than one-fifth in amount of all the certifi
1S96, signifies its entire approval of the above-described ar- cates then outstanding, Shull sell at public auction all the
nngement and advises all noteholders who have deposited bonds, stocks and other securities then held, either as an en
their notes with the Mercantile Trust Company, or with the tirety or in separate parcels, as depositaries may deem best.
American Loan & Trust Company, to surrender such receipts
The net proceeds of any such sale shall be applied, first,
to Messrs. J. P, Morgan & Co. and obtain receipts under the to the payment of any unpaid installment for interest to Feb,
new arrangement. Further action by this committee is aban 1 , 1903, with interest on deferred paymmts as above provided;
doned, See further facts in advertisement m another page. secondly, to the ratable payment of unpaid interest thereon
from Feb. 1, 1903, and, thirdly, to the payment of any unpaid
AiirecEttent o f H olders o f Collateral Notes,
balance of the principal sum of SI,000 on each certificate.
This agreement is made between the holders of the
D is t r ib u t io n o f N e w U n io n P a c if i c P r s f e r r e d S t o c k —
gold note Os, parties of the first part, J. P . Morgan & Co. Whenever, pursuant to the plan of reorganization, the pre
(the “ depositaries”) parties of the second part, and the U n ion ferred stock of the new Union Pacific Company shall be
Pacific “ reorganization committee” party of the third part. issued, the reorganization committee will d diver to the
It provides that the holders of the §8,488,000 gold note 6s depositaries $1,378,300 par value of such preferred stock,
^h&ll receive in exchange for their notes an equal amount of being fifteen per cent of the collateral notes now outstanding.
“ certificates of interest” in the collateral, which shall be ac Upon receipt of such preferred stock the depositaries shall
quired by J. P. Morgan & Co. upon foreclosure of the col deliver to the holders of the certificates issued hereunder and
lateral trust deed securing the gold notes. The certificates of then outstanding, severally and respectively, $18) par value
interest will be for §1,000 each, registrable as to principal, of such preferred stock for each certificate.
and carry ten semi-annual interest warrants. These warrants
R i g h t o f t h e D e p o s it a r ie s t o S e l l C o l l a t e r a l a n d o f
and also" the certificates of interest themselves will be pay t h e N e w O n io n Pa c if i c o r t h e C o m m it t e e t o B o y t h e able only in so far as the income derived from the interest or S a m e .—All securi ies in the trust estate m ay be sold by
dividends on and the sale of the collateral shall suffice there the depositaries, at any time or times, at such prices a3 the
for; the new Union Pacific and the reorganization committee, depositaries in their discretion may deem proper, and at any
it ia provided, being under no obligation respecting the stock exchange, or at private or public sale; but before
same. If, however, after paying to the holders of the cer making any sale of any shares of stock p-rior to Feb. I U -W
tificates and warrants the full amount of such interest and the depositaries shall give to th© reor^anizitioi committee
principal a surplus shall remain, then such surplus is to be (or to the new Union Pacific Company) notice of the inten
turned over to the reorganization committee or to the new tion to make such sale, and of any off jr made f or the pur
Union Pacific company.
chase of such stock at private sale. In any such case the reor
The agreement is a pamphlet of twenty-nine pages, but ganization committee shall have the preferential right to
the more important provisions relating to the payment of purchase such stock ( ill or none) on such terms as the depos
principal and interest of the new certificates, the right to itaries may then be willing to accept, provided that within
sell the collateral and the distribution among the certificate three days after such notice the reorganiziti to committee
holders of the new Union Pacific preferred stock are sub shall agree to purchase the same on such terms and within,
stantially as follows:
five days thereafter shall pay therefor.
a p p l i c a t i o n o f I n c o m e f r o m C o l l a t e r a l S e c u r i t i e s .—
At any time, in their discretion, on such terms as they may
All sums in cash received by the dap isitariea for principal or deem reasonable, the depositaries may sell to the reorganiza
interest u iou any securities in the trust estate may be applied tion committee any stocks, bonds or other securities com
by the depositaries to the payment o ' all ex pluses of the prised in the trust estate.
trust and any balance shall be applied as follows: —
O p t io n o f N e w O n io n P a c i f i c , o r t h e C o m m it t e e , t o .
f i r s t — TO in t e r e s t p a y m e n t , — Semi-annually on the first
P u r c h a s e a l l t h e C o l l a t e r a l a t a n y T i m e .— A t any time
days of February and August in each year inch balance after delivery of such preferred stock as aforesaid, the reor
of monevs shall be applied to the payment to the holders of ganization committee shall have the option to purchase all
such warrants of installments equivalent to interes- at the the trust estate by p ry in g to tbe depositaries a sum in cash
rate of 6 per cent per annum from Feb. 1st, 1897, upon the sufficient to pay all expenses under this agreement, and to
pr ineipnl sum of $1,000 in respect of each certificate then out enable the depositaries to pay to tbe holders of the outstand
standing or the portion of such principal then remaining un ing certificates and warrants any principal aurl interest then
paid. 1u case the depositaries shall not he ready t >pay in remaining unpaid. Thereupon the depositaries shall publish
full any such semi annual installment, then such installment, a notice that on a specified day not more than six w-ekstor such portion thereof as shall not be paid, shall thereafter thereafter they w ill be ready to p iy such sums, and they
ia? payable out of any such balance of moneys before pay- shall make such payment upon presentation and surrender
ment of any subsequent installment, and in every such case for cancellation of the respective certificates and the warrants
of deferred payment interest thereon shall be paid at the rate fo r interest installments not theretofore paid,
of 6 per cent per annum,
R i g h t ok N e w U n io n P a c if i c t o V o t e o n S t o c k s .— U n
SECOND-TO PAYMENT ON ACCOUNT OF PRINCIPAL.— Any less the reorganization committee shall have made d .fault in
surplus moneys remaining in the hands of the depositaries the performance of any o f its agreements herein contained,
after paying all m ;h semi-annual installments for interest the depositaries prior to February 1, 19)3, shall give to the
theretofore payable, and after reserving such sums as may reorganization committee, or to its nominees, or to the new
be deemed advisable for future expenses, and also not ex Union Pacific Company, proxies to vote upon any shares o f
oeediog 6 per cent on the outstanding certificates, shall be stock then held by the depositaries hereunder for the election
applied by the depositaries according to any of the following of a n y directors and for any other purpose excap'; as such
methods, viz :
election or purpose shall be obj ‘cted to by the depositaries as
(a l IteTVR-T o r CURTIf'lOATKS WHEN DRAWN 11v L o r.—The prejudicial to the interests of the holders of the certificates
depo«i firh * m ay
l,y
Jot
designate
outstanding
oortiflcate* for
paym ent tit $ 1,000 each, together with
inter issued hereunder. In case of a disagreement the deposi'aries
est from the date o f the la-t payment, such paym ent to shall be authorized to vote as they deem best.—V. 04, p. 473.
!><• !!; .'!’■ after not exceeding six wot k »'n o tice by advertisement; and
W ilm ington Newbern «Ss Norfolk Ry —Receiver Appointed.
from the date o f pnymetii specified to «noti notice no interest eh lit ac
.■rue or he payable to th ■ holders o f tmy certificates so designated. —This company wag placed by Judge O, H, Stmonton, at
Rot tip.id surrender o f any snob certificate in res >rct o f which full
payment shall have been made ns aforesaid, the holder thereof aur- Charleston, on Monday, in the hands of H. A, Whiting as re
rend-ring the «»ni« shall be entitled, as hereinafter provided, to re ceiver, on application of the State Trust Co of New York, the
ceive # IS 0 In the preferred stock o f such new com pany, at par, when mortgage trudee. Interest on $1,135,000 of bonds is in de
such preferred stock -hall be received by the depositaries.
(hi Pi.'Ht ii >-b or ri jirtt iCATBs —Or the depo-|tsncs may purchase fault. Tbe road is eighty-sight miles long and its net
earnings for tlm year ending Jn m 8 1896, were o ily $4,09°.
certificates Issued hereunder, either at the New York .Stock ffix
change «*r at public or private sate, certificates so pur chared to be
tW~ F o r o t h e r In e e n tru e n t i t e m - « « e tm •>; <570.
canceled.
March 20. 1897. J
TH E
Reports and Jlcrcttmeuts.
C H R O N IC L K
569
as it related to the unfinished portion, the time prescribed
for its completion having elapsed.
No obligation was assumed by your Company on taking
over the properties to complete this line, and no penalty is
M E X I C A N N A T I O N A L R A I L R O A D CO.
incurred through the cancellation of the unused part of the
concession.
The time having passed within which the Sabinas Coal
TENTH ANNUAL REPORT—FOR THE YEAR ENDING
Road was to have been built, that concession has also been
DECEMBER 31, 1896.
canceled. The line was proposed to be built from a point
on the main stem at or near Lampasas, about seventy-five
C i t y o f M e x ic o O f f i c e ,
N e w Y o r k O f f ic e ,
P aseo d e l a R e fo r m a .
No. 6 W a l l S t r e e t . ; miles, in a northwesterly direction to the Sabinas district,
where extensive beds of coal were supposed to exist. An
exhaustive examination of those fields made in the early
M a r c h 1, 1897. ] period of your undertaking demonstrated that coal was not
To the Stockholders and Bondholders :
there in workable quantities; and consequently there no
The following report of the operation of your property for longer existed a purpose for its construction.
The pledge given to the Government as security for the
the year ending December 31, 1896, is respectfully submitted
by the Board of Directors.
, construction of the main line does not apply to this branch,
and besides, the advisability of abandoning the purpose to
STATEM EN T OF E A R N IN G S FROM A L L SOURCES AN D D IS
construct was too obvious not to be cheerfully recognized
BURSEM ENTS UPON A L L ACCOUNTS FOR T H E Y E A R
by the Government.
EN D IN G DECEM BER 3 1 , 1896.
The original and amended concession under which your
Earnings from the operation of the road, in Mexican _
_
'
currency............................................................................. .............. $ 5 ,2 9 9 ,0 2 5 77
predecessor Company was operating provided for a pledge
Co«t of working the road............................................................... 2 ,7 73,068 06 of money value for the faithful compliance with the con
$ 2 ,5 2 5 ,9 5 7 71 cessionaire’s obligations to construct the Main or Interna
Net over cost of working
tional line and the Pacific line ; and at the time you took
$ 2 ,0 2 0 ,7 6 6 17 over the obligation to complete the International line under
Equivalent in gold
the Matheson-Palmer agreement in 1886, the pledge was re
From which deduct extraordinary repairs and
solved into a deposit of $150,000, par value, of Mexican Gov
replacements, not properly chargeable to Capital
ernment 3 per cent internal bonds. Half the cost of these
Account.
bonds were paid for by your Company and half by the Mex
»
TT. S. C u rren cy.
ican National Construction Company, and the whole, taking
Replacement of ra ils.........................................$ 1 3 ,6 2 4
88
Replacement of locomotives.......................... 16,791
00
the place of securities formerly on deposit by the Mexican
Replacement of bridges................................ 25,7 1 5 54
National Construction Company for the completion of both
Stations and warehouses ....................................... 4 1 ,3 9 5 39
lines, continued with conditions technically unchanged.
Additions to tracks and right-of-way grounds 1 ,0 4 4 06
Additions to shops....................................... .............. 1 9 ,0 7 1 1 4
Obviously now you are entitled to have your portion of the
Increasing permanent water facilities.............. 3 ,399 14
pledge returned, either by the Mexican Government in
Permanent ballasting.......................................
1 ,636
79
recognition of your having complied with the obligation
Change of line and gradient...................................
2 ,5 9 1 1 6
125,269 10 assumed by you to construct the International line, or by
the Construction Company, in recognition of the fact that
$ 1 ,8 9 5 ,4 9 7 07
Balance remaining
the pledge now stands for its benefit only and responsible
only for the obligations to construct the lines assumed by it.
From which deduct the following general ex
The Federal Government has granted to your Company a
penses, not included in the cost of working the
concession to extend its Patzcuaro Branch to the town of
road.
Uruapan. in the State of Michoacan, a distance of about
E xp s. collection and distribution of subsidy. $ 1 ,5 5 9 43
Expenses London A gency.....................................
5 ,9 4 2 91
eighty kilometers, and a subvention of $5,000 per kilometer,
Exchange.............................................. $ 7 9 4 ,3 1 2 54
payable on each 30th of June, for the number of kilometers
Less interest and discount...........
9 0 4 20
previously completed, in 5 per cent Government bonds.
-------------------- 7 9 3 ,4 0 8 34
The State of Michoacan, in addition to this, pays the Com
Expenses in connection with settlement of
debts of old company...........................................
1,009 20
pany in aid of its construction the sum of $160,000, payable
Cintura bond forfeiture........................................... 3 ,2 0 0 0 0
805 ,1 1 9 88 in cash in annual instalments of indefinite amounts, but not
less than $12,000 per year.
Net overall expenses, renewals and replacements........... $1 ,0 9 0 ,3 7 7 19
The surveys for locating the road are about being finished,
Interest on Prior Lien Bonds for 1 8 9 6 ...................................
6 87,755 00 and construction will soon begin. It is expected to complete
$ 4 02,622 19 its construction during the present year.
Balance from year 1 8 9 5 .......................................$ 1 8 7 ,1 7 6 36
The country through which this extension will be built is
Less I ' d per cent dividend declared on “ A ”
rich in agricultural possibilities and well watered, and has
bonds in 1 8 9 6 ........................................................ 1 8 2 ,4 7 5 00
much available water power for the encouragement of man
--------------------- 4 ,7 0 1 3 6
ufacturing enterprises. There is already considerable devel
Balance remaining in hand..................................................
$ 4 07,323 55 opment of agriculture, manufacturing and trade, and the
increased facilities of transportation that will be afforded
The tables numbered from I. to V n i., submitted with the by the construction of this road will, it is believed, rapidly
Treasurer's report [in pamphlet report] supply further in advance this progress and prove the extension a profitable
formation as to Earnings and Expenses.
feeder to your existing lines.
A statement will be found under the head of Operation,
In addition to this a considerable field will be opened for
enumerating the properties which have been produced or a supply of wood and timber, which is a matter of no small
acquired through the expenditure of the sums stated above importance to the continued economical operation of your
as having been charged against “ Extraordinary Repairs and main line.
Replacements. ”
The work of opening the harbor of Aransas Pass to deep
The increase in the amount charged against Exchange, as draught vessels, discussed in the last annual report as prorn-^
compared with last year, is due chiefly to the enlarged ising value to your property, is still progressing, and with’
volume of traffic, which required increased purchases of confidence on the part of its projectors in ultimate success
foreign supplies payable in gold, and to the increased sur
O PERATION.
plus earnings which are converted into gold.
The following statement gives a comparison of the results
The concession for your Cintura Road contemplated its of operating with the year 1895 :
construction entirely around the City of Mexico, and a bond
A ll D iv isio n s.
M ex ica n C u rren cy .
in the sum of $8,000 was required by the Government as Gross earnings.................................................................................$ 5 ,2 9 9 ,0 2 5 7 7
security for its completion, which was given with individual Gross earnings last year............................................................... 4 ,5 1 3 ,2 0 5 91
sureties.
Increase in gross earnings..................................................
$ 7 8 5 ,8 1 9 86
At the time you took over the property, in 1887, only about
half of the line was completed, extending from the Mexican Cost of working the line............................................................. $ 2 ,7 7 3 ,0 6 8 06
National terminals on the west of the city to the terminals of Cost of working the line last year............................................ 2 ,4 4 1 ,7 9 7 41
the Interoceanic Railway on the east, connecting at inter
Increase in working expenses............................................
$ 3 3 1 ,2 7 0 65
mediate points with the Mexican Railway, the Mexican Cen
i’
-- ’
tral Railway, the Hidalgo Railway, and the Cuernavaca & Expenditures for betterments and additions to property. $ 1 5 6 ,5 8 6 37
Expenditures for betterments and additions to property
Pacific Railway ; the two last named having been extended
last year..........................................................................................
121,534 70
into the city since the construction of the Cintura Road.
Increase.....................................................................................
$35 ,0 5 1 67
The portion completed has served and is serving a useful
purpose, but it was not.believed that the remaining part
Net
over
actual
working
expenses..........................................
$
2
,5
71
could be operated with profit if built, and the time allowed Net over actual working expenses last year...................... 2,0j751,957
,4 0 8 50
for its completion was consequently allowed to lapse. The
Government declared the concession forfeited so far as it ap
Increase in net over actual working expenses...........
$ 4 54,549 21
plied to the unfinished half, and allowing credit upon the
Percentage
of
gross
earnings
for
working
road.................
52*33
bond for the completed half, forfeited the remainder.
o400
The Item “ Bond Forfeited” in the above statement for Percentage of gross earnings for working road last year.
$3,200 in United States Currency, which, at the arbitrary
Decrease in working percentages
rate of conversion used in these accounts, is the equivalent
of $4,000 in Mexican currency, represents the payment upon Number of miles run by all revenue trains...........................
Number of miles run by all revenue trains last year.......
2,2 0 2 ,8 7 7
tthis bond.
The concession for the line from Matamoras to a junction
Percentage of increase in m ileage.................................. -__________ 81
with the main line of the National has been canceled so far
670
rHE OH RON 1CL*
Mexican
C urren t %.
O hmmi mrmiugr* p et r tv ttn it truiu mt!a....... — . . . . . . . . . . . .
0 ytv<w» e*m iagn p t t r«veiine train mile lis t y e a r .. . . . . . .
Pereeatai t o f tear***© j»#>r mile rim . . . . . ... — . . . . .
O perative t x p t m t * p er revra u e train m ile ------. . . . . . . .
O peraiiai: e^cp^aaea per .revenue train m ile laet y ear#...
P ereeota ^ e o f doereaewl expenne per m ile ... . . . . . . . .
Met m ruins* ptv revenue train mil©.. . . . . . . . . . . . .
Net ©»nsi&«* p er revenue train mil© last year.. . . . . . . . . . .
l*er©e nta#te ftf loerea*©
<3r©&*> ©arnin.g* 'per mil© o f road operated.........
<3r©*s
per m ile o f road operated last y e a r ......
Peiye u tag:© o f Inerease....................................................
Operatixi.gr expense# pt r tulle o f w a d o p e ra te d ____ . . . . .
O peratise ©xpeaaea per m ile o f road operated last year.
Ferreataifte o f In cre a se .................... .......................... ...Ket eam tnvs per m ile o f road op erated . . . . . . . . . . . . . . . . .
Met eiiroloss per mil© o f road operated last y ear.. . . . . . . .
Percentage o f tuerm#©.____................ .
.....
$2*09 51
2*04 88
2*26
$1*09 65
1*10 85
1*08
$0*99 87
0*94 03
6*21
$4,318 49
3,703 63
17*41
2,275 64
2,003 79
13*57
2,072 85
1,699 84
21*94
The foregoing comparison, together with the data given
in table No. 8 of the Treasurer^ report, will afford assistance
to it study of the physical management of the property; and
the tabulated statement on the last page o f this report will
afford am interesting exposition of the progress of the earn
ing power o f the property from the first year it was operated
as a through line, in 18811, to the close of 1896.
Th property has been well maintained throughout; the
exiH-uditures for that purpose halving not only met the needs
of repairs, but have, in fact, added largely to its improved
condition, and. therefore, to that extent to its permanent
value.
•llere follow s in tlx* pam phlet reprut a statement o f the Improve
m en t. and u'tiUtinns that have heen produced o r acquired through the
•■Xpenditure* under the head o f “ E xtraordinm y Repairs and ih p lace
m ents," stated on the tirst page o f the report —E ds.]
The extraordinary floods on the Northern Division in Sep
tember, 1895, and referred to in the report o f that year, cut the
line in many places, but at two specific points, Santa Maria
and Los Muertes, the most serious breaks occurred, and dem
onstrated weak construction and defective location, which
involved hazards for the future important to be remedied.
To one of these points. Santa Maria, the improvement has
been completed by making some slight change in the line
and replacing a long wood trestle with an iron bridge on
masonry abutments, with a span o f 100 feet. The cost has
been §28,070 01. as shown under the head of replacement of
bridges in the statement above.
Los Muertes involves a more radical change of line and
more expensive work, costing probably over 890,000. Mex
ican currency : but the improvement to be effected which
will insure safety and reduce the cost of operation, amply
justifies the undertaking. It would, perhaps, be more accu
rate to say that the strengthening of the line must be
effected and that the additional cost in putting the track
where it should be, over the cost of strengthening the old
location, is 80 small that it cannot admit of discussion in
the light of the advantages to be obtained. The work has
been commenced. It is expected to distribute its cost over
two years and thereby avoid making any material increase
in extraordinary expenses over the average of the past sev
eral years.
Reference to the statement of rolling stock published here
with will disclose the losses or gains in equipment. We have
added by purchase to the passenger equipment two dining
ears, and by construction in our shops one baggage car.
There has been built in the company's shops during the year
1W box cars, and the expenses of construction.'" less" the
credits which have accrued to the car construction accounts
from sale of old cars and worn-out car materials, etc., have
been charged out in current operating expenses.
The final adjustment o f the loss,., and gains in the freight
equipment is as follow s:
We have on hand twenty-three cars less than at the begin
ning of last year, having lost in condemned, wrecked and
sold 133, and gained by construction 100.
As those disposed of comprised 108 of the old light capacity
cars, and those built were of the standard 40,000 pounds
capacity, the result is a gain, both in value o f stock and in
carrying capacity.
\you lxiv.
able positions as to the management of traffic from the
United States, which they insisted upon in 1894 and which
caused the ruptures between the companies, an agreement
was reached by which the Mexican Traffic Association was
re-established and the European traffic pooled between the
four lines, including a firm agreement for the maintenance
of rates on United States traffic and its methodical control
on legitimate lines.
Provision is made for the agreement to run for a definite
period and for its continuance thereafter as long as satis
factory without further special contract, but the agreement
to maintain the European pool is concurrent with and de
pendent upon the faithful carrying out of the agreement on
United States traffic. The failure to maintain Just such an
agreement was the cause of the rupture, and the long war
o f rates which ensued; but it is hoped that the experience
o f the past may have brought wisdom if not profit, and that
the result may be broader views and more careful conserva
tism which should assure all the railways in the enjoyment
of a long period of freedom from similar unnecessary strife.
FIR ST M ORTG AG E BONDS AND SUBSIDY.
The usual statements of the Trustees o f the Subsidy,
showing the cash collected and its application, are published
herewith.
The following statement gives the number o f bonds which
have been drawn up to the close of 1896:
Drawn fo r redem ption
“
'■
"
“
“
“
“
“
“
................................
in 1891................................................. $819,000 00
•• 1892..................................................
305,000 00
298,000 OO
“ 1893.................................................
“ 1 8 9 5 ...................- ................ ........
46,000 0 0
“ 1896..............................................
119,000 00
$1,087,000 00
Paid and canceled up to close o f 1 8 9 5 ___$954,000 00
Paid and canceled during 1S96................... 118,000 00
-----------------L eavin g y et to be p aid and ca n celed .....................................
1,072,000 00
$15,000 00
It is the sad office of your Board to record that since the
close o f the year death has claimed one of its valued and
esteemed members and faithful officers, Mr. Josiah Anstice
Horsey. First Vice President.
Mr. Horsey was the first President o f the company under
its provisional organization, and lias been a member of your
Board o f directors from its origin, serving your interests
faithfully and loyally.
The contemplation of the loss is the more painful to family,
friends and associates from the distressing circumstances
under which it occurred, having been the result of a painful
accident which happened to him while disembarking from a
railway train at Chelmsford, Essex County, England, on the
12th day o f February, 1897, while on a short business trip
connected with the affairs of your company.
Respectfully submitted.
W. G. RAOUL,
President,
[On page 568 will be found a detailed statement o f earn
ings and expenses for a series o f years, the balance sheet,
e tc.]_____ _____________________ _______________________
Reading Company.—New Securities to Be Ready Early in
April.—The new securities are being rapidly signed and it is
expected will be ready for delivery early in April, at which
time they will also be listed od the New York Stock Ex
change, probably about April 8. The new securities will be
issued by the Reading Company, which is the owner of all
the stock of both tbe Philadelphia & Reading Railway Com
pany and the Coal Company, and also of all the other stocks
and bonds which were formerly owned by the Railroad Com
pany, as well as of various other properties, all these stocks,
bonds and properties being subjected to the new mortgage.
The company will shortly begin issuing monthly statements
snowing the earnings, expenses and fixed charges of the en
tire property
Official Statement as to Position o f New Company on Basis
o f Last F e a r 's Operations.— The C h r o n i c l e has been fur
nished with the following statement showing the ear. in g s of
all companirs for the year ending Nov. 30, 1896, after paying
T R AFFIC .
In view of the fact that there has been large gains in the all fixed charges as they will stand wben the plan is lully
aggregate gross earnings, and no falling off in any of the carried out.
D eficit.
S urplus.
Kj«‘ciflc sources o f revenue, except a slight decrease in the R ailw ay Com pany............................................
$130,159
----Cintura Branch, it is believed the results may be accepted Coal & Trim C om pany...................................... $625,356
Beading Com pany.............................................
1,303,261
a« satisfactory and extremely encouraging.
The passenger business has only held its position with last
T otal............ ................. ................................ $625,356
$1,433,470
...
$808,084
year but receipts from freight, tnillic show a large advance, Balance surplus, a 'l com panies....................
whiff- the increased revenue from the express and telegraph
Slated in the simpler form, which was adopted in the plan
i* very satisfactory.
of reorganiz cion, and eliminating all accounts between the
The total earnings from all sources has increased 17 4-10 three com pan if s
p e r Cent o v e r last year.
Earnings from both imports and
Not earnings o f entire property (Including incom e from
exports increased very heavily. Earning* for local traffic nil sources) in year ending N ovem ber S till, 1808, were
.$9,480,736
Fixed charges o f entire property on com pletion o f reor
ha ve increased 4 per cent.
The increase in imports j« abnormally large and is chiefly ganisation will b o ...................................................... - .................. $8,672,672:
For the prtsent year, pending completion of rounding
>i Mions made nceossarv in consequence of
th.- droughts which prevailed in many parts o f the Republic schemes, etc., the fix-d charges will be, perhaps, §800,000 to
during the year and seriously impaired the corn crops, but 8400,000 more.—V, 64, p, 470.
Di rfre.r 'Comparable to the drought of 1892.
St. Joseph Si Grand Island R R.—Decree Value o f Unas« ? v e * lV t f ion* which had been in progress for some months sented Bonds.—Each o f the 283 $1,000 first mortgage bonds not
•ecb etefertf* settlement of the question between the north- absenting to tbe worganization plan is entitled to receive in
,1, r r i n i e e l th- lines through Vera Cross. which had for cash, as its share of tbe proceeds from tbe foreclosure sale.
£b»o«ea2r' « plonth* I'revkms found their expressions in a $421 54. The nor-assenting se ond mortgage bonds are o f
c»i>r-#j#<h
fates, culminated in November last The course wiped out by the foreclosure of the first mortgage,—
’
tog abandoned the extreme and unten V. 64, p. 472.
THE CHROJNLCLE
Mabch 20 i ^ . j
%hie
Commercial I^xmes.
COM M ERCIAL
o71
C O T T O N .
F r i d a y N i g h t , March 19, 1897.
T h e M o v e m e n t o f t h e C r o p , as indicated by our telegrams
EPITO M E
from the South to-night, is given below. For the week ending
this evening the total receipts have reached 65.459 bales,
against 79,931 bales last week and 95,263 bales the previous
The feature of the week was the opening of the Fifty fifth week, making the total reoeipts since the 1st of Sept., 1896,
Congress in extraordinary session on Monday. The proposed 6,180,865 bales, against 4,686,475 bales for the same period of
new tariff law as prepared by the Ways and Means Commit 1895-6, showing an increase since Sep.l, 1896, of 1,494,390 bales.
tee and presented in the House of Representatives has elicited
R eceipts at—
Sat.
M on.
Wed. Thu rs.
Tuts.
wide discussion, and business circles express various opinions
F ri.
Total.
of the measure. The effect on business has not been material.
G alveston......... 3.801 1,843 2,660
812 2,092
859 12,067
The floods in the lower Mississippi Valley and the reported
Te x . C ity, Ac.
551
1,625
400 1,880
4,456
high water in the Mississippi River and tributaries have had
a tendency to interrupt trade. The Arbitration Treaty has Sew O rleans... 3,762 4,516 6,240 3,700 2,333 3,065 23,616
368 1,333
430
761
447
90
3,429
again been introduced in the Senate, and indications are M obile...............
...... ...... . . . . . . . . .
......
......
that it will be reported with amendments, but just what the F lo rid a ............
709 1,741
706
984 1,521
7,350
amendments will be is not fully known. During the last few Savannah ......... 1,709
Brnnsw ’k, Ac.
...........
......
......
3,725
......
3,725
days of the week the political situation of Europe has been re
83
339
122
228
1,508
357
379
ported as less favorablp, but other than to restrict speculation Charleston.......
.....
...........
62
F t. Royal, Ac.
......
62
it has had little or no influence locally.
75
97
33
43
23
349
78
Lard on the spot has had a slightly it creased demand from W ilm ington___
.....
Wash’ton, Ac.
.....
6
6
.....
refiners but the export trade has been quiet. Prices have
846
505 1,187
4,270
696
179
857
advanced and the close was steady at 4-50c. for prime Wes' - Norfolk..............
..........
194
194
......
......
ern, 4-20<g4 25 for prime City and 4’75c. for refined for the New port N .,Ac. ......
410
996
250
336
Continent. The local market for lard futures has been neg le w Y o r k .........
377
1,469
271
364
109
190
158
lected. but at the West there has been a fair amount of ac Boston..............
498
498
tivity to the trading, and prices have advance d on buying by
1,464
packers and shor's, stimulated by the continued moderate Philadelph’a,&o
138
62
352
184
678
50
receipts of swine.
T o t’ls this week 11,604 10,127 14,994
7,859 13,424 65,459
Fe id ay Night , March 19, 1897.
7,451
OATT.T 0 L O 8 IN G P R IC E S O F C A R D F U T U R E S
8a i.
M a y .................................. o. 4 55
M on
fixes.
Wed.
Ih u r
Frx.
4-60
4*62
4 55
4*55
4*57
Pork has continued in moderate demand and prices have
advanced, closing at $8 75(39 25 for mess, $9 75@ 10 50 for
family and $9 50(310 75 for short clear. Cut meats have been
in only limited demand but values have held steady, closing
at 5@5}^c. for pickled bellies, 12@10 lbs. average,
for pickled shoulders and 8%@9}^c. for pickled hams. Beef
has been firm but quiet, closing at $7 00@8 00 fir extra
mess, $7 50@9 00 for packet, $9 00(311 00 for family and
$18 00@15 00 for extra India mess. Beef hams have
advanced, closing firm at $19. Tallow has been quiet
ar d uncharged at 3%c. Oleo-stearine has had a moderate
sale an d the price has edvanctdto 4%c. Lard stearine has
been firm, closing at 4%@5o. Cotton-seed oil has sold slowly;
the close was quoted steady at 20@20J£c. for prime crude and
23}£c. for prime yellow. Butter has continued in fair de
mand for choice at steady ptices, closing at 10@19c. for
creamery. Cheese bas met with a fair trade at steady
values, closing at 9@12%c. for creamery. Fresh eggs have
been in large supply and prices have further declined to 10J£c.
for choice Western.
The Brazil grades of coffee have continued to meet with a
slow trade, and under free offerings prices have further de
clined, closing dull at 8%c. for Rio No. 7 on the spot and 858c
for shipment. The mild grades have had very little call and
the close was weak, with good Cucuta quoted nominally at
16c.; standard Java was at 25@25}£c. There has been only a
limited amount of business transacted in the market for con
tracts, but prices have declintd, breakirg sharply at the close
under free offerings, prompted by large receipts at primal
points. Following were the final asking prices;
M arch.......... . 8’30o. i Ju ne.................... 8'25o. | S ept................... 8'30c.
A p ril................. 8"20c. J u ly .................. 8'25o. O ct..................... 8'35o.
M ay........... . .. 8 ‘20o. ' A u g ................... 8-30 o. I D eo.................... 8-3Eo.
R eceipts to
M a rch 19.
1896-97.
S tock.
1895-96.
This S in ce Sep.
W eek. 1, 1896.
This
W eek.
G alveston...
Te x . O., Ac.
New Orleans
M obile.........
F lo rid a ........
8avannah. ..
B r’w ick, Ac
Charleston..
P.Royal,&e
W ilmington.
Wash’n,&o.
N o rfo lk ____
N’portN.,&o.
New Y o r k ...
Boston..........
Baltim ore. ..
Philadel.,*c.
12,067 1,284,840
4,456 104,824
23,616 1,904,383
3,429 270,223
73,249
7,350 781,820
3,725 145,314
1,508 379,002
58,610
62
349 231,474
6
847
4,270 651,980
15,582
194
44,222
996
1,469 143,423
498
56,671
1,464
34,401
6,945 848,941
2,904 100,457
23,057 1,579,641
1,781 183,711
25,339
13,709 684,102
492 110,720
2,368 265,554
64,496
1,386 159,086
1
753
9,384 291,065
1,610 159,795
45,250
3,218
87,377
45,055
348
2,257
35,143
T o ta ls .......
S ince Sep.
65,459 6,180,865
69,460 4,686.475
1, 1895.
1897.
1896.
65,580
7,068
238,948
19,195
56,171
5,921
250,456
25,983
54,027
1,048
35,370
51,518
7,139
30,884
12,854
10,949
24,206
251,053
17,000
13,822
5,259
34,388
3,174
162,495
18,000
13,722
11,955
795,430
682,755
In order that comparison may be made with other years. » e
give below the totals at leading ports for six seasons.
S eeeipts a t—
1897.
1896.
1895.
1894.
1893.
Galves’n Ac,
Now Orleans
M o b ile .........
Savannah...
Jhas'ton, Ac
Wilm’ton,Ac
N o rfo lk .......
N. News, 4o.
*11 others...
16,523
23,616
3,429
7,350
1,570
355
4,270
194
8,152
9,849
23,057
1,781
13,709
2,368
1,387
9,384
1,610
6,315
14,223
44,341
4,574
14,243
13,122
2,468
10,065
5,305
14,792
6,022
20,105
442
8,431
2,337
499
4,970
2,822
3,727
7,484
21,469
1,456
7,982
1,329
351
3,499
1,007
7,534
8,891
25,677
1,089
10,967
1,911
623
4,287
4,232
7,511
i ot. this wk.
65,459
69,460
123,133
1892.
49,355
52,111
65,188
since Sept. 1 6180.365 4636,475 7111,548 5422,664 4504,008 6443,512
The exports for the week ending this evening reach a total
af 83,154 bales, of which 21,768 were to Great Britain, 17,136
to France and 43,250 to the rest of the Continent. Below are
the exports for the week and since September 1, 1896.
Week Ending Mch. 19,1897. From Sept 1, 1890, to Mch 19, 1897
Exported to—
Exported to—
Great
ContiGreat
Conti- Total
Total.
Brit'n. France runt. Week. Britain. France nent.
Exports
fTOTTh
lalveston—
Tex. City, Ac.
New Orleans..
Mobile...........
Florida..........
Savannah —
Brunswick....
Charleston..
Port Royal__
Wilmington..
Norfolk.......
N’port N., Ac..
New York...
Boston.........
Baltimore.....
Philadelphia..
S. Fran., Ac,...
Total............
s'
a
1
Raw sugars have advanced on restricted offerings, closing
firm at 3 5 16c. for centrifugals, 96-deg. test and 2 15 16c. for
muscovado, 89-deg. test. R-fined sugars have continued in
demand and prices have further advanced; granulated closed
at 4%c. Teas have had a moderate call at steady prices.
The better grades of Kentucky tobacco have been in in
creased supply and business has been more active at full
values. Sales 275 bhds. Seed lea? tobacco has been in fair
demand and firm. Sales for the week were 4,010 cares, in
cluding 381 cases 1895 crop. New Eogland Havana, 14@25o.;
250 cases 1895 crop, State Havana, 9@15c.; 625 cases 1894
crop, Zimmers, 16@l6J^c.; 600 cases 1895 crop, Zimmers, 15*>£
@17c ; 100 cases 1894 crop, Gebhart, 12c.; 100 cases 1896 orop,
Zimmers, 5c.; 290 cases 1895 crop, Pennsylvania Havana,
12^@13 .; 264 casts 1894 crop, Pennsylvania Havana, 12
@15c.; 200 cases 1895 crop, Pennsylvania setd leaf, 11@ 12c.;
&o , &c ; also 800 oales Havana at 70c. to $1 10 in bond and
450 bales Sumatra at t5c. to $2 in bond.
The market for Straits tin has been easier, but the close was
fairly active and s'eadv at 13-30@13-35c. Ingot copper has
sold slowly and the cl se was barely steady at lljgc. for
Lake. Lead bas been m fair demand, clo-ing firm at 3'40@
3-45c. for domestic Spelter nas been quiet, but prices have
advai ced. and ibe chse was firm at 4 20(34 25c. for domes'ic.
Pig iron has sold slowly and prices have ruled easy at $10
@$12 50 for domestic.
Refined petroleum has been unchanged, closing at 6 31c. in
bbls.. 3-80c in bulk and 7c. in cases; naphtha Hull at 6^o.
Crude ceriificales have been neglected. Credit balances have
been aieady at 91c. Spirits turpentine has sold slowly and
prices have further declined to 29@29J^c. Rosins have been
quiet and unchanged, closing at $1 65 tor common and good
straired. Wool has been in demand and pricis have ad
vanced. Hops have had only a limited call and the tone of
the market has been easy.
The following shows the w e e k ’s total receipts, the total since
Sept. 1,1896, and the stock to-nigat, compared with last year.
9,006 23,016
1,337 1,387
0,2£4 17,383 32,778
1,009
4,211 10,400
9,101
1,609
6,100
246
3.708
2,955
184
442
6,732
47
1,050
703,806 180,632
718,320 371,070
131,714
62,897
48,263 15,341
88.408
6,100
78,339
66,742
95,431
946 140,297 6,200
9,427
10,832 250.057 22,413
3,002 202.122
71,797 7,452
1,050
8,391
184
874
263,347 1,147,786
19,837
19.837
487,900 1,577,790
23,492 158,236.
58,299
6,402
333 204 390,808
98,371
9.963
170.420 254,705
50.7-2
104,803 200,234
35,028 18 ',525
0,027
200
151.010 424.370
2,061 214.183
51,697 130,946
8,841
450
48,951
48,077
21,768 17,136 43,250 82.154 2,600,416 002,114 1,713,787 4,978,816
4««|5 2.075 49 695 100.385 1,730.3 91421.047 1.450.600 3,008,512
THK
6 VI
In addition to above exports, our telegrams to-night also
give us the following amounts o f cotton on shipboard, not
cleared, at the porta named. We add similar figures for
New York, which are prepared for our special use by Messrs.
Lambert & Barrows, Produce Exchange Building.
March 10 a t -
Grmt
Other
B ritain, Franee, Foreign
L eaving
etoek.
Ooastw in .
Total.
1,719
142
None,
600
None.
6,000
None.
None.
54,970
13,054
None.
9,300
4,500
11,000
6,350
13,000
233,978
52,526
54,027
26,070
14,695
13,206
214,703
44,051
8.726
8,337
None,
None.
500
3,500
5.000
8.000
6,479
None,
None.
None.
None.
None
850
None.
Total 1 8 9 7 ...
34,063
7,329
62,321
8,461
112,174
683,256
T oU l 1 8 9 6 Total 1 8 9 5 ...
56,937
64,171
9,981
14,200
58,622
86,632
9,564
20,813
135,084
185,816
547,671
767,360
New O rleans...
O elveefon.........
C harleston----M o b ile ..............
New Y ork.........
Other p o r ts .—.
38,046
4,676
None.
8,700
4.000
1,500
500
5.000
Speculation in cotton for future delivery has been dull.
The daily changes in prices have been slight, but the ten
dency has been to work towards a higher basis. A t the
close prices show an advance o f about 10 points. Saturday
the market was slightly higher. The easier feeling over the
European political situation produced increased confidence
and despite the slowness o f the trading prices advanced
slightly, closing 2 to 5 points up for the day. On Monday
the advices received from the English markets, both spot and
futures, were of an encouraging nature, and reports of rising
waters in the Mississippi Valley had a tendency to stimulate
limited buying by local traders, and prices advanced 3 to 4
points for the day. The market was slightly higher during
early ’Change on Tuesday in response to stronger foreign
advices. Subsequently, however, under realizing sales by
longs the market reacted, and the close showed prices
unchanged to 1 point lower for the day. Wednes
day weaker foreign advices caused an easier market
at the opening but later in the day a small crop
movement, together with advices from the South report
ing firm markets and an improved spot trade latterly, stimu
lated some buying, and prices closed at an advance of 2
points. Thursday there was a dull but slightly higher mar
ket during early ’Change in response to foreign advices and
reports from the South of the critical condition owing to the
rising waters. Toward the close there was st-lling to realize
profits end prices weakened, closing 1 to 4 points lower for
the day. To-day there was a dull and narrow market. A t
the opening prices showed no changes. Later in the day, how
ever, advices from the Sou h reporting fear o f floods had a
strengthening influence, but the reports on the Cretan situa
tion had a tendency to restrict speculation. The close was
steady at an advance of 2 to 3 points for the day. Cotton on
the spot has had a moderate sale and prices have been
steady. To-day the market was J^c. higher, closing steady
at 7%c. for middling uplands.
The total sales for forward delivery for the week are
372,300 bales. For immediate delivery the total sales foot
up this week 7,598 bales, including 2,882 for export, 2,318
for consumption, — - for speculation and 2,400 on contract.
The following are the official quotations for each day of the
past week— March 13 to March 19.
On the basis of the rates on and off middling as established
by the Revision Committee, the prices for a few of the
igrades would be as follows:
UPLANDS.
S a t.
tlo n T u e s W ed
XU.
G ood O rdinary............................
L ow M iddling..............................
M id d lin g .... . . . . . . . . .
■Good M iddling.............................
M iddling Fair...............................
6H
6 78
7H
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18
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6%
7*4
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6%
74
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84
64
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™ 1«
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8%
8%
T h e Sales
XU,
F rI,
g »
83s
STAINED.
S a t,
■Low M iddling..............................
M id d lin g ............ .
-Strict M iddling...........................
G ood Mlddltug T in g ed ..............
6
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l \W
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64
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74
74
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Low M iddling..............................
M iddling................. .....................
G ood M iddling.............................
•Middling Fair.............................
P r ic e s
and
shown in the following comprehensive table.
E
OK SHIPBOARD, HOT 0LKA.RKD FOR—
IVOL LXIY.
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I!
MARKET AND SALES.
The total sales of cotton on the spot and for future delivery
* Includes sales In Septem ber, lo r September, 15,100: Septem liereach day during the week are indicated in the following Ootober, for O ctober, 384,800; Septem ber-Novem ber, fo r N ovem ber,
statement, For the convenience of the reader we also add 372,000; Soptem ber-Deoem ber, for Decem ber, 2,290,000; Septem bera column which shows at a glance how the market closed on Jam iary, for January, 7,114,100; Septeinbor-February, for F ebru ary ,
446,900.
same days.
(3p* We liave included In the above table, and shall continue eaoli
SALES O F S P O T A N D CO N T R A C T .
SPOT M A RK ET
CI 1O 8 ED.
Sal’d a y .
Monday.
Tuesday
W ed’ day
T h 'da y.,
F rid ay ..
T o t a l...
Q u ie t ...............
F irm . . . . . . . . . . .
Steady................
a tead y.............. .
E a s y ...................
Steady at % a d ..
Ex
port.
783
Oon~ Spec- Con
sump. ul't’n tract,
993
339
352
415
185
537
202
193
012
557
....
2.882
2,316
....
...
90S
537
1,395
3,032
904
672
20,800
72,600
77,700
53,300
66,800
75,200
2,400
7,598
372,300
...
___
**•
Salee o j
Totrl. Futures.
200
2,200
. ...
week to ^ive, the averajee price o f futures each day fo r each m onth. It
will be found under each d ay follow in g the abbreviation “ A v ’g e.” The
average for each mouth for the week is also g iv en at bottom o f table.
i W For exchanges see page 575.
to-night,as made up by cable
and telegraph is as follows. The Continental stocks, as well as
those for Great Britain and the afloat are this week's returns,
and consequently all the European figures are brought down
to Thursday evening. But to make the totals the complete
figures for to-night (Mch. 19), we add the item of exports from
the United States, including in it the exports of Friday o n ly :
T h e V is ib l e S u p p l y o f C otto n
1HE CHRONICLE
SJabch 20, 1807.]
578
©
0
01
»o
©
1897.
1896
1895
1894
Q u o t a t i o n s f o r M i d d l i n g C o t t o n a t O t h e r M a r k e t s .—
Stock at Liverpool .....b a le s . 1,349,000 1,143,000 1,312,000 1,810,000
8took at London........................
3,000
7,000
6,000
7,000 Below are closing quotations of middling cotton at Southern
T o ta l G reat B rita in stock. 1,352,000 1,155,000 1,818,000 1,847,000 and other principal cotton markets for each day of the week.
19,000
26,000
30,000
24,000
Stock at H a m b u rg ...................
CLO SIN G Q U O T A T IO N S F O R M ID D LIN G CO TTO N O N —
Stock at B rem en....................... 189,000 257,000 349,000 215,000 Week en d in g
6,000
9,000
21,000
17,000
8took at A m ste rda m ...............
M arch 19.
S atu r.
M on.
lu e s .
W ednes.
Thun.
F r i.
300
200
200
200
Stock at R otterd am .................
13,000
14,000
6,000
19.000
Stock at A n tw e rp .....................
G
alveston.
.
71ia
7
%
7%
71s
7*16
73s
209,000
297,000
472,000
502,000
Stock at H a v re ..........................
7
7
7
7
7
7
7,000
5,000
5,000
7,000 New Orleans
Stock at Marseilles..................
7
7
61518
6^8
6^8
6*°16
72,000
7 9 ,0 0 0
82,000 M o bile.........
9 5 ,0 0 0
Stock at B arcelona..................
6t3l0
6^3
Savannah...
67g
65i
6^3
6151S
81,000
43,000
35,000
18,000 Charleston..
Stock at Genoa..........................
619
615, 0
6
°
l
i
6151S
6
l5ia
6
l5ie
13,000
24,000
14,000
18,000
8took at Trie ste.........................
W ilmington.
7
7
7
7
7
7
872,200 N o rfo lk .......
T o ta l Continental stocks.. 569,300 794,200 1
7
73s
7%
7%
71s
7iie
Boston.........
7
1
4
73 4
T o ta l European stocks— 1,921,300 1,949,200 2,875,200 2,7 L9,200
7H
714
714
734
714
738
73s
714
7 %
In d ia cotton afloat for Europe 140.000 165,000
63,000 173,000 B altim ore. .
7%
7%
7ia
7ia
7is
71a
7ia
Am er.cotton afloat for Europe 347.000 293,000 321,000 261,000 Philadelphia
7%
7is
37,000
30,000
33,000
34,000 Augusta.......
7%
713
Egypt,Brazil,Ao.,aflt.for E ’pe
7*e
73S
61°iS
61016
61o16
Stock in United States ports . 795,430 632,755 953,176 805,911 M e m phis....
6 ‘5ie
61616
7
7
7
7
7
7
Stock in U . 8. interior towns.. 301,139 334,183 344,836 287,155 St. Louis___
7
H
ouston.
.
.
.
7
7
7 il6
73s
10,357
25,629
30,181
3,177
Un ited States exports to-day.
71 l 8
73 3
71s
73s.
7 %
7>6
718
T o ta l visible supply.......... 3,552,226 3,484,767 4.620,393 4,283,443 C in cin n a ti..
7
Louisville...
7
7
7
7
71s
O i tlie above, totals or Am erican and other descriptions are as follows:
A m erica n —
Liverpool stock..............bales. 1,179,000 949.000 1,674,000 1,542,000
Continental stocks.................... 499,000 892.000 979,000 761,000
American afloat for E u ro p e .. 347,000 298.000 321,000 261,000
United States stock.................. 795,430 682,755 953,176 805,9 LI
United States interior stocks. 301,139 334,183 344,836 287,155
25,629
30,181
3,177
United Statee exports to -d a y.
10,357
To ta l A m erican................... 3,131,926 2,981,567 4,302,193 3,660,243
E a st I n d ia n , B ra z il, <&c —
Live rp ool stock........................
170,000 199,000 138,000 298,000
London stock..............................
3,000
7,000
6,000
7,000
Continental stocks...................
70,300 102,200
78,200 111,200
India afloat for E u ro pe........... 140,000 165,000
63,000 173,000
37,000
30,000
33,000
34,000
E g yp t, B razil, A c., afloat.......
To ta l East India, &o......... 420,300 503,200 318,200 623,200
T o ta l A m e ric a n ................. 3,131,926 2,931,567 4,302,193 3,660,243
To ta l visible s u p p ly .........3,552,226 3,434,767 4,620.393 4,283,443
M iddling Upland, Liverpool..
4d.
4 i3 ,2d.
3932d.
41sd.
M iddling Upland, New Y o rk .
7380.
7i&l0o.
65l0o.
7wi c.
E g y p t Good B row n, Liverpool
55ted.
6H d.
5wiad.
5*64.
Peruv.Rough Good, Liverpool
63i6d.
6 % !.
53gd.
5i3jfad.
Broach Fine, Live rp ool...........
33i3 d.
4316d.
3310d.
43scL
Tin n e ve lly Good, Live rp o o l..
3i632d.
4316d.
8*8d.
4310d.
f l y The imports into Continental ports the past week have
been 73,000 bales.
The above figures indicate an increase in the cotton in sight
to-night of 67,459 bales as compared with the same date
of 1896, a falling off of 1,068,167 bales from the corresponding
date of 1895 and a decrease of 731 217 biles from 1894.
A t t h e I n t e r i o r T o w n s the movement— that is the receipts
for the week and since September 1, the shipments for the
week and the stocks to-night, and the same items for the
corresponding period of 1895-96—is set out in detail below.
The closing quotations to-day (Friday) at other important
Southern markets were as follows.
N atch ez............ 61310
A tla n ta ............
6i3^( I E u fa u la .. . . . . .
7
C h a rlo tte ......... 7*8
Little R o c k ...
6 ^ R a le ig h ............
7
6
^
Columbus, G a. 6 \
M ontgom ery..
Selma..............................
6 ^ Shreveport....... 6%
Columbus. Miss 6^8 I N a s h v ille .......
R e c e i p t s f r o m t h e P l a n t a t i o n s .— The following table-
indicates the actual movement each week from the plantations.
The figures do not include overland receipts nor Southern
consumption; they are simply a statement of the weekly
movement from the plantations of that part of the crop which
finally reaches the market through the outports.
Week
Ending—
Feb. 12......
** 19......
“ 26......
Mch. 6.......
“ 12......
“ 19......
Receipts at the Ports. St'k at Interior Towns. Rec'pts from Plant’ns.
1897.
1896.
110,423 106,446
81,394 109,395
84,395 95.659
95,260 85,286
79,931 71,518
65.45P 69,460
1895.
1897.
132.989
91,807
137,940
119,835
132,381
123,133
429,094
401,905
374,238
350,127
323,319
301,189
1896.
1895.
458,279 442,289
438,4*7 420,269
410.983 402,728
384,268 388,860
362,634 352,976
384,183 344,836
1897.
104,117
67,745
56,728
71,155
53,123
43,279
1896.
1895.
85,582
89,603
63,155
68,571
49,884
41,009
108,826
69,787
120 399
105,967
97,497
113,993-
The above statement shows: 1.—That the total receipts
from the plantations since Sept. 1,1896, are 6,331,410 bales; in
1895-96 were 4,987,958 bales; in 1894-95 were 7,399,049 bales.
2.—That although the receipts at the outports the past week
were 65,459 bales, the actual movement from plantations was
only 43,279 bales, the balance being taken from the stocks at
the interior towns. Last year the receipts from the plantations
for the week were 41,009 bales and for 1895 they were
113.993 bales.
O v e b l a n d M o v e m e n t f o b t h e W e e k a n d S i n c e S e p t . 1 .—
H
S
.2
®O
q 2
o
*
a
&S2
q £
► o
_
*§: -§§ *
S E: ES
We give below a statement showing the overland movement
foi tin week and since September 1. As the returns reach us
by telegraph late Friday night it is impossible to enter so
largely into detail as in our regular monthly report, but all
tne principal matters of interest are given. This weekly
publication is of course supplementary to the more extended
monthly statements. The results for the week ending Mch. 19
and since Sept. 1 in the last two years are as follows.
1896-97.
: » : *: : 5: :
M arch 19.
Week.
o« t*M«4 **-©m .—xM tototo-'tocotC'c-3C"
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to
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©
M
X
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;
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» o c j< * -r o
-•1 *4
iQ M v r jt
tC C
it*-
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fs f
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■*rf» M
cotoc: m
_ ______ to
30f©t0©»*J©:*X©© —
© W o t V '
to 0 - J Of c
© rf- © M
M to m w M O M TOWtOMto MW to M© WM -.1to o*
—OOK>^C5®i*-W©Xit-OtOO»^JtOOOOOM J-rS
WI ©
w
1—
*
M
M
to C lW O ii-'O '-i-C l-'-'-'O 'C -.A W W tO vl
to M CO—
to I topMcoao* m w © x ©^c w © M ^ a * a © © j*tc< r»© M ® *-©
© | co*0V 0 V--00*-4*to*0"Vi©x \owV©ViV cl-1x- a ®©x V.10©*—
W
C C t O -l— M V W - - 1 — ‘- O W X ' O t O M - l O C ' O W O - J W - w ® ® w o » ©
© CO ^ © M
to
M © © © Of W ^ C t X m © ^| © » *■- M * © © tO © ^ t t it- ©
W
®W_M
M
" © t o t o © © x w t o *-■ x
WM
M
© * - m a <0 c o *
M
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O M W
®
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C 5H H
M ^ o to o to x
M
M
to M
to
20,835 1,060,128
20,695
951,359
4,427
78
805
278,717
3,531
29,068
5,823
16
1,205
212,825
2,901
38,055
To ta l to be deducted................
5,310
311,316
7,044
253,781
Leaving total net overland*..
* Decrease during week.
15,525
749,112
13,651
697,578
2.610
3,93 o
1,326
To ta l gross overland................
D ed u ct sh ip m en ts—
Overland to N . Y ., Boston, A c ..
Between interior towns..............
Inla nd, Ao., from South..............
The foregoing shows that the week’s net overland movement
this year has been 15,525 bales, against 13,651 bales for the
week in 1896, and that for the season to date the aggregate net
overland exhibits an increase over a year ago of 51,534 bales.
In
1896-97.
S ight a n d S p in n ers ’
T a kin gs.
10
To ta l m arketed...........
(nterior stocks in excess.
|"—V o t o w x mVoVom Vi —Io’ioV a
Mb » 0 5 b ‘- J » L V c r w « c
-jMO,-i-OCOO»Oiit-©©**X©CJ©'»*-‘ ,©'WhOO»y»W*W«X<lCCXCO
I
COX O O O —OO©MW'0)0» to o tocoOlOtPCiCnCbtOCQd»cOi^.Xit>
* Thin year’s figures estimated.
‘ Laat year’s figures are for N ew berry, 8. O.
9,211
5,218
350
Since
Sept. 1.
2,266
2,827
823
Via Louisville...............................
Via C incinnati............................. .
Via other routes, <feo...................-
Receipts at ports to Mch. 19...,
Net overland to Mch. 19-----------Southern consumption to Mch. 19
tO _ © y - CO jO M
Week..
455,848
210,987
14,613
68
115,076
78,023
76,744
8,229
4,579
156
© © a x m
X © V X SO'35Cl -4 m CO— M © a 05-0 *- to it- 10© -4 <1GOO*COCfl o» -J -1 o»
^®OtOMMOa-lfl5i-MW-JHO'0:C5 0»‘ ]0 «tO O M O y »«© © W
1895-96.
454,187
240,634
14,537
2,387
119,996
121,546
107,141
Via St. L o u is ..................................
Via C airo............................ .........
Via P a rk e r.....................................
o»
® «&*©® VaVeo © V-Vo © w
MtOtC©*-tO©tf»©-,tOMMcxi©©M.JC*XXtO
to
_M
V
x ®
ccv
Sh ijpped—
Since
Sept. 1
Came into sight during week.
To ta l in sight Mch. 19.........
Week.
S ince
Sept. 1
65,459 6,180,865
15,525 749,112
19,000 535,000
1895-96.
Week.
69,460
13,651
17,000
Since
Sept. 1.
4 ,6 8 6 , 4 7 5
697,578
568,000
99,984 7,514,977 100,111 5,952,053
* 22,180 180,545 *28,451 301,483
77,804
71,660
7,695,522
6,253,530
North’n spinners ta k ’gs to Mch. 19 18,417 1,354,664
# Including movement by ra il to Canada.
38,366 1,364,340
The above totals show that the interior stocks have d e c r e a s e d
It will be seen by the above that there has come into sight
during the week 22 180 bales and are now 33,044 bales less
than at same period last year. The receipts at all the towns during the week 77,804 bales, against 71,660 bales for the
have been 2,541 bale* more than same week last year and since same week of 1896, and that the increase in amount m sight,
Sept. 1 they are 865,559 baljs more than for same time in 1895-6. to-night as compared with last year is 1,441,936-bales.
571
1JHK CHRONICLE
Vol. LXIV,
W eather R eports uy T elegraph .— Advices to us by precipitation reaching Hires inches and fifty hundredths.
telegraph from the South this evening denote that rain has The thermometer has ranged from 30 to 68, averaging 49.
Montgomery, Alabama.—Low lands are partly overli >wed,
bei-n quite geut-r.-tl during the week and that at many points
llie rainfall has been excessive, lu sections of Southern but the inundation is doing good, as it will m-an a saving of
ami Western Texas, however, more rain is needed. The many tons of fertilizers Farm operations are however da
Mississippi River at Memphis is one and a-half feet above the layed. The week’s rainfall has been three in fins a id sixtyhighest water mark pievioud? recorded, and much laud has nine hundredths on three d tys. The thermometer has aver
been overflowed. In districts o f Alabama and Mississippi aged 64, the highest being 72 and the lowest 57.
Mobile. Alabama,—Continuous excessive rains in the in
some lowlands have been inundated. On the whole, farm
work has been much retarded, or suspended, as a result of the terior. The river situation is Critical. Lowlands have been
inundated. Planting preparations are generally backward.
wet weather.
GiUvxston, Texas.—Firm work has been retarded, but the Rain has fallen on five days of the week to the extent of
weatt er has been very beneficial to farming interest in gen forty-seven hundredths of an inch. Average thermometer
eral, although more rain is ueeded over the southern and west 70, highest 79 and lowest, 57.
Madison, Florida.—W e have had showers on two days of
ern portions of the State It has been showery on four days of
the week, the precipitation reaching four hundredths of an the week, the precipitation being too small to measure. The
inch. The thermometer has averaged 60, ranging from 46 thermometer has ranged from 58 to 90, averaging 76.
Savannah, Georgia.—There has been rain on four days of
to 75.
Palestine, Texas.— The rain has put ground in fine condi the week, the precipitation reaching one inch and six y-one
tion. Farm work has barn retarded but crops are looking hundredths. The thermometer has averaged 67, the highest
well. We have had rain on six diys of the pist week, to the being 88 and the lowest 51,
Augusta, G eorgia.- It has rained on three days o f the
extent of two inches and seventy hundredths. The thermom
week, the precipitati >n reaching two inches and sixty-seven
eter has ranged from 39 to 76, averaging 58,
Huntsville, Texas.—There has been rain on two days during hundredths. The thermometer has averaged 57, ranging
the week, the rainfall being eightv hundredths of an inch. from 44 to 75.
Charleston, South Carolina.—Rain has fallen on six days
Average thermometer 59, highest 78 and lowest 40,
Dallas, Texas —Rain was beneficial. Ground is now in of the week, the rainfall reaching two inches and eleven
good condition. We have had heavy rain on two days of the hundredths. Average thermometer 01, highest74, lowestSO.
Stateburg, South Carolina.—Farm work is backward. The
week, to the extent of two inches and twenty nine bun
dredths. The thermometer has averaged 58, the highest being weather has been cloudy all the week, with rain on five days,
the precipitation being one inch and eighty-five hundredths.
84 and the lowest 32.
San Antonio, Texas.—It has rained beneficially on four The thermometer has averaged 53 6, the highest being 71 and
days of the week, the pi ecipitation reaching eighty-two hun the lowest 43.
Greenwood, South Carolina.—There has been rain daring
dredths of an inch. The thermometer lias averaged 64,
the week, to the extent of one inch and forty-eight hun
ranging from 43 to 84.
Luling, Texas.—Crops need good rains. W e have had light dredths of an inch, on four days. The thermometer has
rain on three days of the week, to the extent of forty-one averaged 50, ranging from 48 to 58.
Wilson, North Carolina.—The weather has been very bad
hundredths of an inch. The thermometer has ranged from
for two months and farmers are very much behind with their
42 to 84, averaging 65.
Columbia, Texas,—There has been no rain during the week. work. W e have had rain on four days during the week, the
precipitation reaching two inches and ninety-s-ven hun
Average therm iroeter 66, highest 82 and lowest 51.
Cuero, Texas.—The weather has been favorable for crops dredths. The thermometer has ranged from 33 to 63, aver
the past week, but more rain is needed. We have had light aging 52.
The following statement we have also received by telegraph,
rain on three days of the past week, to the extent of sixtyfive hundredths of an inch. The thermometer has averaged showing the height o f the rivers at the points named at
8 o’clock March 18, 1897, and March 19, 1896,
67, the highest being 88 and the lowest 46.
Brethttm, Texas.—It has tained beneficially on two days of
Bek. 18, '97. Mch. 19,
the week, the precipitation reaching ninety hundredths of
Feet.
Feet.
an inch. The thermometer has averaged 60, ranging from 40
New O rleans.......
14*2
8*1
to 80.
M em phis..............
10 1
3(5-9
Port Worth, Texas.—There has been heavy rain on two days Nashville..............
43-9
29*8
10-2
12-2
during the week, the rainfall being two inches. Average Shreveport...........
Vicksburg............
42-7
18-6
thermometer 58, highest 83, lowest 82.
Weatherford, T exas—Rain has fallen heavily on two days
JcTa B utts, B agging, &c.—The market for jute bagging
of the week, the precipitation being two inches. The ther has been very dull during the past week aud prices a-e nom
mometer has averaged 56; the highest being 80 and the low inal at I j jc . for l34 lbs., 5c. for 3 lbs. and 5!$c. for standard
est 82.
grades ia a j >bbing way. Car-load lots of standard brands
Hew Orleans, Louisiana.—There has been rain on one day are quoted at 4f|c. for 1% Ibis., 5c. for 2 lbs. aud 5!£e, for 2\£
of the wi ek, the rainfall reaching two inches and eight lbs. f. o. b. at New York. Jute butts are featureless at 1 l-16c,
hundredths. The thermometer has averaged 70.
{or paper quality, 1-40 for mixing an i baggint, all to arrive.
Shreveport, Louisiana. —W e have had rain on five days
during the past week, to the extent of three inches and
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 . — The receipts
twem.v five hundredths, The thermometer has ranged fro m and shipments o f cotton at Bombay have been as follows for
38 to 73, averaging 55.
the week and year, bringing the figures down to March 18.
Columbus, Mississippi.—The wet weather retards planting
B O M B A Y R E C E IP T S AN t) SH IP M E N T S F O R F O U B T E A R S .
operaii ins. An overfl >w of the Tombigbee River is doing
Shipments
this w eek. Shipments since Sept. 1.
Receipts.
damage to lowlands. Rainfall for tbe week two inches and
forty-six hundredths, ou five days. The thermometer ha* Tear Great Conti
This
Conti
Great
Since
Total.
Brit’n. nent, Total. B ritain nent.
Week. Sept. 1.
averaged 63, the highest being 80 and the lowest 46.
Leiand, Mississippi.—It has rained during the week, to the
10,000 10.000 16,000 282,000 298.000 58.000 855.000
extent of five incites and forty-nine hundredths. The ther *96-7
95-6 1,000 10,000 u.ooo 39.000 365.000 404.000 05.000 1,218,000
mometer has averaged 53, ranging from 38 to 76.
3,000 117.000 120.000 37.000 538.000
8,000 8.000
>94-5
25,000 25.000 28.000 312.000 340,000 75.000 959.000
Vicksburg, Mississippi—There has been rain on five days >93-4
during the week, the rainfall reaching seventy-five hun
Shipments f o r the week.
Shipments since Sept. 1.
dredths of an inch. Average thermometer 60, highest 79
Great
Conti
Great
and lowest 42
Total.
Total
Britain. nent.
Britain. Continent.
Meridian, Mississippi,—Continued heavy rains prevent
preparations for planting.
Qaloatta—
5.000
23.000
28,000
1896-97...
Little Hook, Arkansas.—We have bad rain on six days of
4.000
23.000
.7,000
9 8 ...
the past week, the precipitation reaching five inches and M1895adrasgixly ft ur hundredth-!. The thermometer has averaged 58,
6.000
14.000
20,000
189697...
14.000
11.000
ranging from 83 to 69.
1895- 9 0 ...
25.000
Helena. Arkansas—Heavy showers on each day of tbe All others—
7,000
44.000
61.000
1,000
1.000
189697...
past wet k has resulted in a precipitation of eight inches and
18.000
30.000
48,000
1895-96...
sixty-five* hundredths. The river is four inches below the
highest water mark, with prospects of a rise of at least two Total all 28,000
81,000
109.000
1896-97.
1,000
1,000
feet more unless I-veeB give way. A disastrous overflow is
04,000
36,000
100.000
1895-96.
expected on the west side of the river and reaching to the
E X PO R T S TO EU ROPE FROM A.
INDLA
Gulf. Not much work has been done this week except on
levees. The weather is now warm, with indications of more
1896-97.
1895-96
1894-95.
Shipments
rain. The thermometer has ranged from 38 to 66, averag
to all Buropc
This
Sin
This
Since
This
Since
tog 48,
from —
week.
week.
Sept.
Sept. 1.
week.
Sept. 1.
Memphis, Tennessee.—All farm work has been suspended.
The river is row thirty*-ven andone-tenth feet on the gauge
8,000 120,000
10,000 296.000 11,000 404.000
2,000
100.000
83,000
or four at d one tenth ft et above Ihe danger line, and one All other ports 1,000 109.000
and five tenths feet above the highest water previously re
Total
11.000 407,000 11,000 504,000 10,000 203,000
corded. I’bt-r*- has been rain on each day during tbe week,
the precipitate>n reaching four inches and forty-nine hun
A l e x a n d r i a R e c e i p t s a n d S h i p m e n t s .— Through arrange
dredths and tbe weather now looks threatening. Average asents we have made with Messrs. Davies, Benaohi & Co., o
thermometer 60, highest 67 8 and lowest 84.
Liverpool and Alexandria, we now receive a wepkly cable o f
Nashville, Tennessee.- Rain has fallen the past week, the •the movements o f cotton at Alexandria, Egypt. The following
THE CHRONLCLE.
March .20. iav>7. |
are the receipts and shipments for the past week and for the
corresponding week of the previous two years.
Alexandria, Egypt,
March 17.
Receipts (oantars*)___
This week....................
Since Sept. 1 ...............
1896-97.
'
1895-96.
1894-95.
9 5 ,0 0 0
5 ,2 5 6 ,0 0 0
6 9 ,0 0 0
5 ,0 0 1 ,0 0 0
65,0 0 0
4,3 9 0 ,0 0 0
This 1 Since
week. Sept. 1.
6 ,000 2 6 9 ,000; 3 ,000 234 ,0 0 0
6 ,000 257 ,0 0 0 11,000 249,000
This
Since
week. Sept. 1.
5.000 231 .0 0 0
5 .000 260 .0 0 0
Total Europe_____ 12,000 526 ,0 0 0 19, OOOi 5 33,000 10,000 491,000
oantar is 98 pounds.
f Of which to \rooHnain 1 3 9 5 -9 7 , 3 1 ,4 8 3 bales; In 1 8 9 5 -9 6 ,4 6 ,7 3 5
Pales; in 1894-95. 3 4 ,8 4 0 bales.
This statement shows that the receipts for the week ending
Mch. 17 were 93,00C cantars and the shipments to all Europe
12,000 bales.
M anch ester
M a r k e t . —Our report received by cable
to-night from Manchester states that tbe I'larket is stea ly
for both yarn? and shirtings. The demand for both India
and China is poor. We give the prices fcr to-day below and
leave those rtr previous weeks of this and last year for
comparison;
1896.
1897.
8^4 lbs. Shirt Oott’ n QO n
814 lb*‘ Shirt' Oott'n
32* Oop. ings, common Mid. 6
as cop. \ings common Mid.
Twist.
Twist.
| to finest.
TTpld
to finest.
XJplds
Fb. 12
“ 19
“ 26
Moll.5
“ 12
“ 19
d.
6 h3
6 ’-s
63ie
6%
3H
66IS
d.
a>7
*7
'» 7 1s
® 7 sle
»73t ,
® 7 ;ig
a.
4
4
4
4
4
4
d
a.
0*s»6
0 *6
0*2*6
1 *6
0*2*6
0»2*C
d.
32732
3 7s
4
32»37
3 Iate
d.
6
5*a
6
7
7
7
exports, and we have therefore prepared the following
statements, showing the amounts taken by the principal
countries during February and since October 1 in each of the
last three years:
E X P O R T S O P P IE C E G O OD S AN D T A R N S TO P R IN C IP A L C O U N T R IE S IN
F E B R U A R Y AN D P R O M O C T O B E R 1 TO F E B R U A R Y 28.
Since
This
week. Sept. 1.
Exports (bales)—
To L ive rp ool. . . . . . . .
To Continent)____ _
575
d.
6 ®h3
6*2
63a
6 “le
6 716
6*2
d. la.
®75]g!4
* 7 * 4 |4
*7*3 4
* 7 % |4
*7*4 4
*7 3 e 4
d.
s.
4 *6
3*2*6
3 *6
3 *6
4 *6
4 *2 * 6
d.
7
7
6*2
7
8
8*2
d.
41732
4*2
4**32
4*4
430
4133
P iece Goods—Yards.
(0008 om itted.)
Oct. 1 to Feb. 29.
February.
1897.
1896.
1895.
Bast In d ie s ............................... 138,633 190,644
01.8U0 50,580
T u rk ey, Egypt an d A fr ic a ...
China and J a p a n ....................... 48,521 66.656
Eu rope (e x c e p t T u r k e y )........ 29,559 29,662
S outh A m e r ic a .......................... 32,028 48,779
N orth A m e rica ........................ 20.838 29,468
A.11 o th e r c o u n t r ie s .................. 32,136 37,220
T o ta l y a r d s..........................
T o ta l v a lu e ..........................
1896 97.
175,871
07,229
38,649
24,195
39,967
2^,138
28,618
1895-98.
871.078
342.864
234,240
124,926
207,581
122,929
156,124
1894-9®.
827,546 1,065,589
275,691 353,838
328.208 171,731
126,857 108,402
304,074 247,388
144,438 143,169
155,020 143,099
453,009 400,687 2,059,742 2,162,442 2,233,214
£4,479 £3,702 £20,163 £20,957 £20,289
Y a m s—Lbs.
(000s om itted.)
H o lla n d .. .................................
G erm an y. ..................................
0 th . E u rop e (e x ce p t T u rk ey)
Bast I n d ie s .................................
China and J a p a n .......................
T u rxey and E g y p t ...................
All o tn e r c o u n tr ie s ..................
2,829
3,288
3,160
2,736
2,493
2.348
1,258
T otal lbs............................
T otal v a lu e ............ .............
18,118
£720
2,770
3,126
4,242
4,113
7,352
2,176
1,259
15,173
17.856
18,319
17,462
9,920
11,159
7,779
14,070
19,928
20,932
17,973
14,0 >8
7,533
6,649
15,218
18,817
22,533
21,752
9,770
11,448
7,684
19,247 20,038
£7-1
£698
97,668
£4,022
101,095
£4,019
107,222
£3,927
2,325
3,447
3,493
4,219
2,731
1,544
1,482
E x c h a n g e s .— T h e f o llo w i n g
d u r in g th e w e e k :
•31 pd. to exob. 100 Deo. for Aug.
•02 pd. to exch. 100 Oct. for Nov.
■07 pd. to excli. 1 .300 Dec. for Sep.
•35 pd. to exob. 700 Nov. for Aug.
■25 pd. to exob. 500 Sept, for Aug.
05 pd. to excb. 200 Oct. for Dee.
•03 pd. to excb. 100 Dee. for Sent.
•01 pd. to exob. 200 July for Aug.
exchanges
07 pd.
•25 pd.
TO pd.
T 3 pd.
•25 pd.
•04 pd.
•05 pd.
•08 pd.
to
to
to
to
to
to
to
to
h ave been m a d e
exob.
excb.
excb.
exob.
exob.
exob.
exob.
exoh.
300 May for J u ly ,
500 D -c . for May.
200 M ay for Aug.
400 Apr. for July.
4 0 0 Dec. for May.
200 June for July.
200 Juue for Aug.
200 Apr. for June,
D o m e s t ic E x p o r t s o f C o t t o n M a n u f a c t u r e s . —We give
below a statement showing the exports of domestic cotton
manufactures for January and for the seven months ended
S e a I s l a n d C o t t o n M o v e m e n t . — We have received this Jan. 31, 1897, and for purpose! of comparison like figures for
(Friday) evening by telegraph from the various ports the the corresponding periods of tbe previous year are also
details of the Sea Island cotton movement for the week. The presented:
receipts for the week ending to-night (March 19) and since
of Manujactures of Cot 1Month ending Jan. 31. 7 mos. endino Jan. 31.
Sept. 1, 1896, the stocks to-night, and the same items for the Quantities
ton (colored and uncolored)
corresponding periods of 1895-96, are as follows.
1895-96.
exported to—
1896.
1896-97.
1897.
1896-97.
Receipts to March 19.
189 5-96.
Slock
This
Since
This | Since
week. Sept. 1. week. Sept. 1. 1897.
Other oountrieB In Europe—
British North America..........
Mexloo.....................................
Central American States and
“
“
“
Santo DomiDKo........................
Ot%er Nest Indies..................
“
Otner countries In 3. America
“
British East Lnd es.................
Other countries in Asia and
“
North'n Mill
Other countries........................
“
* * * .p ? i
Total yards of above.......
Total values of above..............
*alue per yard................................
18S6.
Savannah ............................
Charleston, A c ...................
Florida. A c ..........................
428; 81,592
...
10.293
12;
6,508
765
....
73,065115,049
10,332 3,024
4 ,783 5,203
Total...............................
440! 98,433
765
8 3 ,1 8 0 2 3 ,2 8 1 13,711
9,157
2,375
2,179
The exports for the week ending this evening reach a
total of 683 bale6, of which 623 bales were to Great Britain,
60 to France and — to Reral, and the amount forwarded to
Northern mills has been 514 bales. Below are the exports
for the week and since September 1 in 1896-97 and 1895-96.
Wee< Ending Mch. 19
Exports
from —
8 ’vann’h, Ac
Oharl't'n. Ac
Florida, Ac.
New Y o rk ..
Since Sept. 1, 1 8 9 6
Great Fr'nce
Great Fr’nce
Total. Bril'n.
Total.
Brit’ n.
dc.
dc.
..........
.......... 15,023
2 ,933
3,076 18,101
.........
2,933
"20 6
423
'" 'e o
"20 6
423
Phila., A c ...
......
..........
5,374 14,695
.
9 .275
777
102
T e ta l.........
623
60
Total 1895-6
673
75
9.3 l i
9 ,275
675
633 37,222j 8,552 45,7 7 4
1 ao
rf
3 3 ,5 3 0
5,381 39,411
460 24.326
5 2 1 1,470
12j 6,598
..........
........
524 32,400
Cloth.
Total of All.
#00. omitted.
1803-00 1890-97
1895-90 1890-9? -805-90 1890-9?
189S-96
Yds.
Lbs
Lbs.
442347 79.779 85.201
418337 75.608 8",007
409 303 82,208 78,842
Lbs.
1032212
97.182
101,416
Lbs
110,169
104,431
00.589
Tot.lit quar
07,101 88.389 1,218,371 1.271,04? 337,019 344,000
3U4 810
313,130
January----February
21, ’ 81 22,690
10,9 0 21.421
103.410
89.267
105.978
107,659
10,798
633
10,771
Total exports ofootton marnifHCtnrcs.................................. ! 611,787
539,130
October .. .
November...
December..
Lbs.
Lbt.
23.469 24,87*
21.611 23.704
22,20- 19,74?
Yds.
4! 9,040
397,483
431330
447,452
303,019
437,480 86,229 83,282
453,000 eu.sie 80,230
Stooktngi and socks..........................................................................
Sundry artloles ...................... ........................................................ 1
Values of other Manufactures of
Cotton exported to—
United Kingdom...............................
Oarmany.............................................
France................................................
Other countries in Europe.............
Mexico................................................
Central American 8tates k British
9 39 3 5,4 4 3
Quotations Mar.'h 19 at Savannah, for Floridas, common,
8c.; medium fine, 10c.; ohoic**.
Charleston, Carolinas. medium fine, 17@17f£c,; fine, 18c.;
fully fine, 19@20c.: extra fine, 25@30c.
E x p o r t s o f C o t t o n G o o d s f r o m G r e a t B r i t a i n . — Below
we give the exports of cotton yarn, goods, <Stc., from Greet
Britain for the month of February and since October 1 iD
1896-97 and 1895-96, as compiled by us from the British Board
of Trade returns. It will be noticed that we have reduced
the movement all to pounds.
YarnkThread.
United Kingdom.....................yards
The foregoing shows that there has been exported from the
United Kingdom during the five months 511,787,000 lbs.
of manufactured cotton, against 538.130,000 lbs. last year, or
a decrease of 26,348,000 lbs.
A further matter of interest is the destination of these
Santo Domingo.................................
Argentine Republic................... ......
British Australasia..........................
British E*st Lndies.........................
ether countries in Asia and
Afrioa..................................................
ether countries........ .......................
629.567
282.40£
6,00C
85,446
3,480.(567
372,525
330,536 7,605,638
255.04H
843.960
198.000
2,000
489,824
827,807
1,131,37* 23,280,621
4*0,983 2,910,035
3,799.793
1,821,778
111.956
882,310
5,423.756
3,639,681
949,123 6,808,215 7,323.020
643,52*
13.UU0
159.893
133.128
6,588
271.720
15,724
01.002
6,600
140,413 1,298,190 1,318.407
191,436
1,3? 9,8 5H 1.087,8.37 8.153.400 9,117,504
241,407 2.721,170 2,151.050
i 30,102
781.003 S,031,360 8,296.476
511.840
990,74 » 4,165,102 4,308.904
049.057
2,492,074 3,288,000 15.781,903 18,176,603
17,414.368 7,913,600 75.(45,044 31,742,019
451.470
555,921
121,376
65.520
780,196 2,038,309 1,800,990
337,055
2,408,424
076.899
19,810
114,995 19,829,737
923, M34 6,8?7,v31
417,335
19,810
2,991,636
6,725,752
4,575,994
32,110,012 20,738.519 182,617,710 115,174,004
*1,792,259 *1,1/8,397 $10,585,181 *0,684,002
* 0580
$0579
* 0558
* 0568
*37,040
13,693
2i
4,580
153.612
27,922
*31,087
10.5-41
7,038
2,225
128.^60
22,843
*238.606
81,601
4,441
31,^20
690.910
213,480
*209,091
136,371
13,198
24,529
1,059,501
192,78L
9,248
2,219
41?
602
6,650
6,017
4.696
110,054
35,637
3,778
2,376
5t,07O
159,084
32.235
8,329
24,620
2,319
218
137
6,003
3,378
5.681
3.8G3
3,048
482
21,93 i
750
5,812
111
8,572
1C4
14^,039
33,033
3,13"
17,400
53 100
44,004
44,114
32,557
32.074
7.354
99,4 i5
3,253
21.0'7
3,090
448
17,659
402
050
232,86*
34.861
7.069
17,484
63,419
07,497
Total value of other manufao
*309,241 *2.050,749 *3,266,903
*330,594
tures o f .. ....................................
Aggregate value of all cotton goods *2,128,853 *1,447,038 *12,635 933 *8.951,505
S h i p p i n g N e w s . —The exports of cotton from the United
States the past week, as per latest mail returns, have reached
118,822 bales. So far as the Southern ports are concerned these
are the same exports reported by telegraph and published in
the C h r o n i c l e last Friday. With regard to N e w York we
include the manifests o f all vessels cleared up to Thursday.
Total bales.
N e w Y o r k —T o Liverpool, per steamers Aurania, 1,773 upland
3,658
and 200 Sea Island ...N om adio, 1 ,8 3 5 .....................................
50
To Hull, per steamer Douro, 5 9 ....................... ........ ........ ........
To Havre, per steamer La B etagne, 332 upland and 60 Sea
442
Island.................. .......... ..................- ...........................- ....................—
622
To Bremen, per stoamer Havel. 622 ..................................... . . .
950
To Antweip, per steamer Kensington, 9 5 0 .................................
2 ,1 0 0
To Barcelona, per steamer Pooabont is. 2 ,1 0 9 ............. ...........
200
To Santander, per steamer Drot, 2 0 0 ...........................................
100
To Malaga, per steamer California, 100 ...................................
1.153
To Genoa, per steamers California, 1 ,0 3 8 ..-.Fulda, 1 2 5 ....
1,090
To Naples, per steamers California, 4 0 0 -----Fulda, 600 .. ... .
50
To Venton, per steamer Pooabontas, 50. .....................................
57
To Leghorn, per steamer California, 5 7 . . . . . ............... - ............
500
To Japan, per steamer Glengyle, 5 0 0 ...........................................
THE CHRONICLE.
576
LX.lV,
[V ol.
Total bale*.
The prices of futures at Liverpool for each day are give n
K iw O rleans —To Liverpool, per steamers Louisianian, 1,723
___Orion, 4,042.__ I', tiro, '2,600......... .................................... 8,365 below. Prices are on the basis of Uplands, Low Middling
To Havre, per -learners Beocabi, 5,390 ...Ounitrias, 7,410 . 12,8 J6 clause, unless otherwise stated.
To Br-rucu, twr steamers Akaba, 5 ,5 0 0 ___ Montezuma,
R f * The p rices a re given in pence and Stlh.
T h u s: 3 63 means
12.173.......... ........... .............................................. ..................... 17,673 3 03-64d.. an d 4 01 mean* 4 l-6 t d .
To Hamburg, per steamers Resolution, 1,128___ fthaetin,
2,900................................................................................................ 1,028
S a tn r,
M on.
T u e ii.
W ed.
T lm r * .
F r l.
To Antwerp. per steamers Cayo Blanco, 5.10J ...T urkish
Prince, 1,650................................................................................. 6,750 March 13 to
March 19, 12*s! 1 1:45 4 1:45 4 1 :4 5 4 1 :45 4 1:45 4
1,17')
To Copenhagen, per stonmer Louisiana, 1 ,1 7 0 .....................
P . 3 t f . j p . M. P .M . P .M . P. M. P .M . P. M, P .M , P .M . P .M . P .M . P .M .
T o Genoa, p, r steamer P eisU a Prtuoe, 4,SCO.................
.. 4,800
OALV*»ton —lt> Liverpool, per steamers Alava, 2,899 ...R it a ,
d.
d. i d
a.
d.
d. ; <1.
d.
d.
a.
d.
d.
1,109................
7,008
To Manchester, per steamer Hontftott. 3,191............................. 3.191 M a rch ......... 3 58 3 58 3 57 3 59 3 G0 3 60 3 5 7 13 58 3 60 3 89 3 50 3 60
3
57
3
59
3
GO
3
60
M
ch.-Aprll..
3
53
3 5713 58 3 60 3 59 3 59 3 60
3 57
To Havre, per steamer KotherfloUl, 8,233................................
8,238
To Bremen. per steamer Glunfleld. 2 ,3 7 0 ..................................
2,379 A p r ll-M a y .. 3 57 3 53 3 58 3 59,3 60 3 00 3 5 7 ’3 53 3 00 3 50 3 59 3 60
Mo bil * To Liverpool, per steamer M ontgomery, 5,634— .......
5,634 M a y -Ju n e .. 3 57 3 58 3 58 3 59i3 00 3 60 3 5 7 :3 58' 3 60 3 59 3 59 3 00
Savan n ah —To Bremen, p tr steamer Holyrood. 4 8 5 0 ..........
4,850 J u n e -J u ly .. 3 57 3 58 3 53 3 59 3 00 3 61 3 57 3 58 3 00 3 59 3 59 3 60
J u ly ,-A u g .. 3 57 3 58 3 58 3 59 3 60 3 81 3 57 3 59 3 60 3 59 3 59 3 60
To Hamburg, per steamers Andreshalfr, 5 ,3 0 8 ___H olyrood,
5 0 0 ... ....... . . . ..............................................................................
5,808 A ug.-S e pt.. 3 58 3 50 3 56 3 57 3 58 3 58 3 55 3 56 3 58 3 57 3 57 3 58
Sept.-O ot... 3 50 3 51 3 50 3 5213 52 3 53 3 50 3 50 3 52 3 51 3 51 3 51
To Reval, per steamer Leeon1J.il, 3,950 upland aud 300
t .-N o v ... 3 46 3 47 3 46 3 47 j3 48 3 48 3 4513 40 3 47 3 47 3 46 3 47
Boo Island....... ............................... . ................................. ........ 4,250
To Genoa, per steamer Marie, 1,550.................................. .
1,550 N ov.-D eo... 3 44 3 45 3 44 3 46 3 47 3 46 3 4 1 8 41 3 45 3 45 8 45 3 45
X o » r o u t - T o London, per steamer Merriman (additional), 100.
100 Deo.-J a n ... 3 45 3 45 3 44 3 46 3 46 3 46 3 44 3 41 3 46 3 45 3 45 3 45
___ I ___ i
N e w p o r t N ew s —T o Liverpool, per steamer Bhenaudoab, 101.
101 J a il.-F eb ...
B oston —T o Liverpool, per steamers Catalonia, 240 upland and
500 Sea Island.......Ceatrian, 2,087........Baehetn, 578. . . .
Victorian. 1,636 upland and 150 Sea Island................. . . . . 5,191
T o Y aim ontb, per steamer Boston, 5 4 ......... .............................
54
B altim ore —To Liverpool, per steamers Rossm ore, 50 4.......
Frid a y , March 19, 1897.
UUterniore, 1,660 upland and 100 8ea Island................. .
2,264
There have been few changes in the market for wheat
To Bremen, per steamer Roland, 1,4 17.................................. — 1.417
P h ila d e l ph ia —To Liverpool, per steamer Rhynland, 313.........
313 flour. E irly in the week sales of the extreme low grades
BREADSTUFFS.
........................ ............. ......... 118.822
T o t a l....... ...... . . . .
G alveston —T o LIvei p o o l-M a rch 17—Steamer E xplorer, 4,211.
To H avre—March i7 —Steamer H ardwick Ball, 10,400.
T o Bremen—March 13 -S tea m er Euro pa, 6,150.
T o Hamburg—March 17- Steamer Castleventry, 1,967___M ircli 16
-S te a m e r Phoebe, 888.
S e w O r l e a n s —T o L ive rp o o l-M a rch 1 2 —Steamer Barbablan, 3 ,4 8 6 .
To Manchester—March 17—Steamer Treasury, 4,576.
To Bellast—March 13—Steamer Ramore Head, 1,039.
To Havre—March 16—Steamer Euakaro, 6,294,
To Bremen—March 12—Steamer W ilderspool, 6,100.
To Rotterdam —March 12—Steamer Cntneria, 332.
T o Copenhagen—March 18—Steamer Ranraa, 2,650.
T o Barcelona—Maroh 16—Steamer Martin Saenz. 2,15".
To G en oa-M arch 13—Steamer Gulseppe Corvaja, 2,789— March
16—Steamer Martin Saenz, 2,648.
Mo bil * —T o L iverpool—March 15—Steamer Bede, 1,609.
B eoksw ick —To Brem en—March 16—Steamer St. Regains, 6,100.
NOEPOLK,—To Hamburg—M arch 17—Steamer Stanley Hall. 846.
t i - n o s —To Liverpool—March 12—Steamer Sylvania, 224 upland and
423 Sea Isla n d ... March 13—Steamer Rom an, 7 3 9 ___March 16—
Steamer Michigan, 785.
To H a ll-M a rc h lS -Steam er Lepanto, 784.
To Yarmouth—March 16—Steamer Boston, 47.
B a l t im o r e —To Bremen—March 16—Steamer Bonn, 1,850.
P h ila d e l ph ia —To L iverpool—March 16—Steamer Indiana, 181.
Ootton freights at New York the past week have been
as follows.
Wednes. Thurs.
B atur.
M on.
m o
17>si
17 hit
17*81
... .
...»
.. . .
... .
30t
30}
30}
30}
... .
. ..
...
25f
251
. . .
Ll verpool.aaked. d.
.............d.
Ho
H a v re ....................c.
D o ....................c.
Brem en................d.
D o ................ d.
H a m b u rg ....... ,..d .
Do
............d.
lu e s .
F ri
17% i
....
30}
17*81
30t
.
. .. .
251
25t
25t
251
....
. . .
... .
. . .
25 f
251
25}
25t
251
25}
.. . .
.. . .
. .. .
.. . .
. . . .
.. . .
30i
2*128
8ie
301
2512S
316
301
2°I28
*10
30}
25l 8
*10
301
26i:s
310
... .
... .
....
. . .
311
*16
»64
31}
s16
30*
37}
301
371
%4
“ 64
U 64
»04
“ 04
901
“ 04.
30t
Beval, v. H am b..d. H i m
D o v. H u ll...d ,
31S
Barcelona........... d.
. . .
G e n o a ..................d. 3 1 % i 53j
Trieste................. d.
*16
A n tw e rp ..............d.
»0.
G hent, v.Antrw’p.d,
U«
t tients net per 100 tbs.
Liverpool,—By cable
311
310
B«4
“ 64
from Liverpool we have the following
statement of the week’s sales, stocks. &o., at that port.
Feb. 26.
Itch. 5.
Melt. 12
Mch. 19
08,000
Bates o l the w e e k .......... bales.
89.000
57.000
51.000
2,800
Ot whioh exporters took ___
1,200
600
2,400
200
O l which speculators t o o k ..
1,000
300
1,500
Bales A m erican..........................
61,000
78.000
53.000
46.000
3,000
A ctual ex p ort.............................
8,000
6,000
7,000
F orw arded..................................
71.000
85.000
82.000
64.000
Total stock—Estim ated......... . 1.403.000 1.896.000 1.383.000 1.349.000
O f which A m ertoan-E stlm ’ d 1.223.000 1.225.000 1.211.000 1.179.000
Total Im port o f the w eek........
93.000
80.000
75.000
36.000
O f w hich Am erican...............
65.000
60.000
79,000
29.000
A m ou nt afloat..... .....................
170.000 131.000 112,000 128,000
O f whloh A m erican...............
165.000 125.000 102,000 115,000
The tone o f the Liverpool market for spots and futures eat h
day of the week ending March 19 and the daily closing prices
o f spot ootton, have been as follows.
BpoU
Saturday Monday. Tuesday. Wed’day, Thursd'y. Friday,
Market, )
1:45 r . * . {
Firmer.
Fair
business
doing.
M ld.Upl’ ds.
331,J
38i,a
B ales. . . . . . .
8peo. <&exp.
7,000
500
10,000
1,000
Futures.
M arket, | 1Stead7 at steadydeat
1:45 T. u . | i advance.
cline
M arket, f
4 P.M. {
Firm.
Firm.
Firmer.
4
Fair
business
doing.
3»»s»
8,000
12,000
1.000
Steady,
Quiet at
1-04 hi. 2-64
decline
Quiet but
steady.
Steady.
500
Hard on’g.
Quiet.
were made for export. Exclusive o f these sales, however,
business has continued slow. Demand has been limited to a
few hand-to-mouth orders from the local trade, but as sup
plies have been small there has been no pressure to sell, and
prices have held steady. Th >re has been a steady market for
city mills but only a limited number of sales have been
made. Bye flour has had very little call and prices have been
lowered 10c. per bbl, Corn meal has had a better sale and
prices have advanced 5c. per bbl.
There has been only a limited amount of activity to the
trading in the market for wheat futures but prices have
shown an upward tendency, closing at an advance of
2J'g<3, for the week, the principal feature has been less favor
able crop accounts from the West. Siturday the market
opened easier in response to foreign advices. Toward the
close, however, reports of damage to the growing crop in the
winter-wheat belt stimulated buying and prices advanced,
closnig / 2 @/gC. hieber for the day. Monday there was a fur
ther gain ol
in prices, on continued buying for in
vestment account induced by further reports of crop damage
in the winter-wheat belt. During early ’Change on Tuesday
the market was weaker under realizing sales by longs
and in response to easier foreign advices. Subsequently,
however, on the renewal of crop damage reports from the
Southwest, accompanied by buying orders, the market rallied
and most of the early loss was recovered. Wednesday the
market opened stronger and advanced on foreign advices and
the reported crop damage. Toward the close, however, real
izing sales caused a reaction and nearly all the improvement
was lost, Thursday there was an easier market at the open
ing but later in the day there was an advance on the crop
news. To day the market advanced H®%o. on moderate
buying, stimulated by stronger foreign au vices and the recent
unfavorable crop advices. In the spot market only a limited
business was transacted during the week, but at the close
exporters were fair buyers, taking 250,000 bushels Nos, t and
2 hard Manitoba. The terms were kept private. No. 1 North
ern Duluth was quoted at 85J^c f. o. b. afloat: No. 2 red win
ter at 84%c. f. o. b. afloat, and ohoica do. at 94^c, f. o. b.
afloat.
D A I L Y CLO SIN G P R IC E S O P N O . Z B B D W IN T E R W H E A T .
March delivery................o.
May d elivery...................
.......0.
o.
June d elivery................ o.
July d e liv e r y .......... ......o.
September d elivery— c.
Sat.
Mon.
Tuet.
Wed.
Thurs
» r t.
80%
81%
79%
8 1%
79%
80%
80
81
80%
81%
80%
7H3g
78*
- 5%
78%
76%
78%
79
76%
7414
79
77 *%
74%
7 5 7e
....
76
....
There has been increased activity to the speculation in the
market for Indian corn futures. There has been a demand
from shorts to cover contracts and there has been some buy
ing for investment account, stimulated by a decreasing
movement of the crop at the West. The upward turn to
wheat values has also had a strengthening effect. To-day
the market was quiet, but prices advanced slightly on the
falling off in the crop movement and in sympathy with the
improvement in wheat. In the spot market business has been
quiet. Both shippers and the local trade have been slow
buyers, but prices have advanced. The salps to-day included
old N ). 2 mixed at 30%c. delivered and 8lfj»o. f. o. b. afloit;
No. 3 yellow at 39J^c. in elevator and No. 3 mixed at 2s*^c.
in elevator.
DAILY CLOSING PRICES OP NO. 2 MIXED CORN.
Bat.
Marol)........................... o. 29%
May d elivery ................ -.O
. 0 30
c. 31%
July d elivery ......................c.
September d elivery . . . . .0.
Mon.
29%
30
31%
....
Tues.
29%
29%
31%
....
W'd.
29%
30%
31%
....
Thurs
29%
30%
3L%
33 %
30%
30%
32^
33 %
Oats for future delivery have been quiet, but prices have
made fractional advances in sympitnv with the stronger
markets for other graias. To day the market was dull but
12,000
8.000
500
1.000
there was a slight improvement in prices in sympathy with
the advance in corn. There has been a fair amount of busi
Steady at Steady at ness transacted io the spot market, as both shippers and the
partially partially
home trade have been buying. The sales for export for the
1-64 adv. 1-0* dee.
week amounted to about 200,000 bushels. The sales to day
included No. 2 mixed at 22e. in elevator and No. 2 white at
Quiet.
Steady.
24c. in elevator.
4
4
THE CHRONICLE
March 20, 1807.]
DAILY 0 LOSING PBIOES OF BO. 2 MIXED OATS
Sat
Mon
lu es
Wed
Thun
Alay delivery....................o. 213j
2 1 5?
2138
215g
21%
July delivery............. . . . o ...........................
—
22
22*e
r2 1 7s
—
The feeding grades of barley have been in dimiud fir ex
port at firmer prices. Rye has been quiet bat steady.
The following are closing quotations :
FLOOB.
f i n e — ............ V bbl. * 2 0 0 ® 2 75 ■Patent, w inter............ $4 6 0 ® 4 90
Superfine______ _____ 2 2 0 ® 3 00 City m ills extraB____ 4 7 0 » 4 80
B x t r a ,N o ,2 ................. 2 7 0 ® 3 2S B ye flour, superfine.. 2 2 5 ® 2 75
E x tra .N o . 1 . . . ........... 3 2 5 ® 3 60 Buokwheat f lo u r ....................® . . . .
C le a r s .......................... 3 7 0 ® 4 15 Corn m eal—
Straights...................... 4 0 0 ® 4 45
Western, &o...........
1 70 ® 1 85
Patent, spring........... 4 1 5 ® 4 40 I Brandywine...........
1 90
(W heat flour in sacks sells at prloes below tbose for barrels.]
OBAIN.
1 Corn, per bush—
0.
0.
0.
0.
W heat—
91
West’ n m ixe d .
28 @ 321*
Spring, per b u sh .. 82
No. 2 m ixed............ 293*® 315g
Bed winter No. 2 .. 8 2 7s® 9 4 7e
95
W estern y e llo w ... 2813® 321*
Bed w inter............
81
W estern W h ite ___ 2 8 i«® 328i
Northern, No. 1 ... 8 5 7s® 86
Oats—M ixed, per bn. 20 ft 24 1 Rye—
30
W
estern, per b u s t . 38 ® 42
21
W hite........................
22
23 | State and J e rse y .. 38 ® 42
No. 2 m ixed.........
e ste rn .. . . 38 ® 48
24
2
5
1Barley—W
No. 2 w hite...........
32**® 33 *s
Feeding...........
E xports of
B readstuffs,
P r o v i s i o n s , U o t t o n ASD
P e t r o l e u m . —The exports of these articles during the month
of February, and the eight months, for the past three years
h a v e b een as f o llo w s :
February. 8 Months. February. 8 Months
Quantities.
Wheat.bush.
Flour... bbls.
February. 8 Months.
1.980.233 43,375,152
1,472.015 10,834,123
4,000.926 52.687,505
947,793 10,154,379
W heat...bn. 8,150,845 111,23d,80o ll.«0i,89C 89,009,705
Corn... bush. 22,044,651 10d.353.lS7 12,747,927 67,347,061
8.835,905 98,592,211
2,501,466 11,567,804
3.770,851 61.348.724
973,332 10.839.907
30,195,621 221,591,492 24,352,317 157.310,348 11,337,4611110.150,105
Values.
Wb’t * flour.
Corn A meal.
Bye...............
Oats A meal.
Barley..........
Br’dstuffs....
Provisions *.
Cotton..........
Petrol’m.Ac.
Tot. value.
t
1
7.317.145 8 3.441,830
6,672,211 33,922,464
290.151 2.258,907
551,117 6,576,956
876,030 5,751,63.'
15.006.657
14,40 *.811
17,100,73?
4,561,118
t
I
8,632,246 04,056,040
4,541,111 20,468,32^
17,9i0
21.0/9
211,770 1,409.206
1,005.995
15
IS
Tot. bush..
1
$
5,663,291 64,120,472
1,293.237 6,402,879
19
5/72
e5.0l7
403,644
20,016
014,778
136,951,709 18,553.84 ■* 94,224.249 7,041,780 71,009.945
106,778,14- 12,196,056 107,211,134 13.505,16 * 110/02,187
196.668.701 28.388 509 141,324,095 13.258,817 157.974,613
41.781,365 3,975,059 41,204,506 8,162,356 28.6:8,150
49.167.354 472.183.00
52.114.373 886.963.984 34.94S.110lS0S.644,831
* In c lu d in g c a t t le and b og s ta ail m o n th s and vears.
N o tb .— A ll the above figures are baaed on the m onthly prelim inary
returns issued by the Bureau of Statistics, and cover about 98 per cen t
o f the total exports of breadstufts and oil, 9 9 per cent of provisions
and aeaclv 103 p ercent of cotton.
■ T F o r o th e r ta b le * n a n a llv given h ere »e e p ag e 5 5 2 .
THE
The value of the New York exports for the year to date has
been $2,012,159 in 1897 against $2,043,565 in 1893.
Home buyers of brown sheetings and drills have not oper
ated any more freely than before. Actual orders are moderate
and there is little bidding for quantities for forward deliveries.
Prices are easy but without quotable change. Some fair sales
of drills for export are reported. Brown ducks and Osnaburgs slow. Business in bleached cittons has been steady
but still moderate in the aggregate. Sellers fill orders readily
as a rule at previous prices, but an exceptional advance of
J£c. has been quoted iu Hill 4-4 bleached. Kid-finished cam
brics dull at previous prices. Wide sheetings inactive. Cot
ton flannels and blankets show quiet sales for new season,
Denims are still quite easy to buy, but the demand drags.
Ticks have been very irregular, with breaks in the prices of
some leading makes. Other coarse, colored cottons without
feature. Fancy calicoes and printed specialties in steady
demand. In regular prints the only feature is an advance of
J^c. iu American indigo blues, Trouville greys and Peabody
mourning prints. The gingham market is without material
change. Print cloth extras have been inactive all week at
2 9-16c., a moderate business being reported in odd goods.
1897.
1896.
Stock o f Print Oiotht—
Mar. 13 Mar. 14.
A t Providence, 6 4 sq u a r e s.)
( 2 02,000
At Fall River, 64 sq uares.. >
k
617,000
A tF a llR iv e r,o d d s i z e s .... )
( 45 9 ,0 0 0
1895.
Mar. 16.
1 10.000
51,0 0 0
104.000
1 8 94.
Mar. 17.
1 92,000
322 ,0 0 0
7 8 ,0 0 0
1 ,2 7 8 ,0 0 0
265 ,0 0 0
5 9 2 ,0 0 0
Total stook (pieoes)___
1894-95.
1895-96.
1896-97.
Export*
from O. 3.
DRY
GOODS
TRADE.
' By agreement among the olotli brokers no detailed statement o f
the print cloth market is made public.
W o o l e n G o o d s . —The demand for men’s-wear woolen and
worsted fabrics bas been fair, but not as large as some sellers
expected to follow the publication of the details of the tariff
bill. Chief attention bas again been given to the better
grades in both woolen and worsted trouserings and suitings,
the progress in these is decidedly satisfactory to sellers and
c impares favorably with recent seasons. In grades bit ween
60c. and SI 00 there bas been a light demand only, but some
new cheap lines under 60c. have done fairly well in fancies.
Plain goods are quiet, la overcoatings there has been an oc
casional advance of 10 per cent in plain-faced goods. The
cloaking business for fall is develoDiog, but still moderate.
Dress goods are ii improved demand for the new season in a
generally firm market. Flannels in moderate request.
Blankets quiet.
F o r e i g n D r y G o o d s .— I m p Deters have been busily occupied
in taking goods out of bond, but have not been able to report
any improvement in business tbis week. Seasonable lines are
fairly well situated in first hands. Fall business has been
quiet in all directions.
I m p o r t a t io n s a n d W a r e h o u s e W i t h d r a w a ls o f D r y G ood ie
The importations and warehouse withdrawals of drygoods
at this port for the week ending March 18, 1897, and since
January 1, 1897, and for the corresponding periods of last
year are as follows:
March 19, 1897.
S
S
S
The publication of the tariff bill has not appreciably affected H
o tf
the market in any direction. Evea the ciurse of the woolen
goods division, the most sensitive to tariff legislation, has not b = » g
been changed to any extent, and in the foreign golds divisioa ■3 5 . P
there has been no noticeable augmentation of demand. Ia
a;
OB• p :
the primary market for cotton goods business bas pursued its
d;
even tenor. The day-to-day demand has been stetdy from
B:
the home trade, but always kept within moderate bounds,
and with very rare exceptions has been met as readily as be - jj ©_—
fore. The exceptions have been in prints, in whioh an occa
to *.
CC 10
tO £»
<x y !» -© © © to
sional hardening tendency is manifest. For some time oast us
m a* © I c - i - x o
to
the export demand for staple cottons has been decidedly to
©M
Blow, but ord- rs are now making their appearance, and one
* xmto
tC-q oncucoji**
or two good siz d transactions indicate a reviving interest on
Vj© © * V-*Vito
M
* © C7»'JI
the part of exporters. Business with local jibbers has been
very fair for the time of year, but is of course gradually
falling off From out-of-town centres good repirts still come
*CC ►-* )
to band of lb« distribution of spring merchandise. The ma
poo _
©co i * ‘* * y to
jority of tbe Fall River mills have been closed all week but
»o © ; —x >——
* O COto >- V *
there has been no improvement in the cloth market. Toe
extra four days’ shut-down by these mills will be counted into
to
«to
to*
their contribution to the curtailment policy.
a>©
I toy»*vj"-*o
to TO —©~co*o
D o m e s t i c C o t t o n G o o d s —Tne exports of cotton goods
*00 ftiO
CC—p
from tbis port foi the week ending March 15 were 1,636
O* ©VoTj
V-o •
-000O*©
O
'O ©
packages, valued at $92,781, their destination being to u e
©00
*©*W *
points sDccifit-d in the tables below:
New Y
N e w Y o rk
to a
March
577
ork,
F r i d a y , P . M .,
1 »»7 .
15.
1896.
Week. Since Jan. 1.
Week. Since Jan. 1.
Great Britain........................
Other European.....................
China .......................................
India............. .............................
Arabia................................. ...
Afrloa ........... ..........................
w «et Indies..............................
M ixloo ...............................
uentral Amerioa.........
Booth Am erioa......................
Otner Conntriee.................
■Total........................
China, via Vancouver*...
187
919
366
65
113
t3 4
82
938
01f»
19,696
603
4,349
2,015
3,8* 9
547
1.347
1 .3,31
1 .' 00
122
51
!
327
2461
-7
84
802
21
495
1,079
10.790
2,292
3,171
3,25.4
2,915
581
1,718
10.951
710
4 °,5 1 0
8 ,7 5 0
1,740
....
4 3,957
7,317
Total
................................ 1,666
57,2 6 0
'F r o m Maw England mil) points direct.
1,740
51,274
1,668
* W
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THE CHKONLCLE.
578
State
anp
[V ol, LXIV,
1897; interest is payable semi-annually on the 15th days of
City D epartment. February
and August at the City Treasurer’s office, and the
TERMS OF SUBSCRIPTION,
T he I xyestobs* S upplement will be furnished
m i h o w e x tr a ch arge to every annual subscriber of the
Oommbr- : ai. a n p F in a n c ia l C hronicle .
T he State and City S upplement will also bo fur
nished , ntin ■( t Ira ch a rge to every subscriber of the
C hronicle .
T he Street R ailw ay S upplement will likewise
be furnished w ith ou t e x tr a ch a rg e to every subscriber
of the Chronicle ,
T he Quotation S upplement, issued monthly, will
principal will mature at the rate of $-5,000 each year, begin
ning with Feb. 15, 1899, The bonds are of the denomination
of $5,030, and are part o f an authorized issue of $15,000.
Bedford City, Aa,—Bond Issue.—This city has decided to
issue $45,000 of funding bonds. The securities will bear in
terest at the rate o f 0 per cent, and the principal will mature
in thirty-four years from date o f issue, subject to call after
ten years.
Berkley, Va.—Bond Offering.—Proposals will be received
until 12 o'clock noon April 15, 1897, by John Whetstone,
Chairman of the Finance Committee, for the purchase of
$25,000 of 5 per cent improvement bonds of this town. The
securities will be dated July 1, 1897, interest will be payable
semi-annually, and the principal will mature in thirty years
also be furnished without, extra charge to every sub from date of issue. The bonds will be of the denomination
of $1,000. Each proposal must be accompanied by a certi
scriber of the C hronicle .
fied check for 5 per cent of the amount bid for.
TERMS for the C hronicle with the four Supple
Brockton, Mass,—Bonds Proposed,—This city proposes to
ments above named are Ten Dollars within the United borrow $55,000, $30,000 o f which will be used for sewerage
States and Twelve Dollars in Europe, which in both purposes and $35,000 for the extension of the water-works.
cases includes postage.________
Cincinnati (Ohio) School D istrict.—Bond Offering.—Pro
posals will be received until 12 o'clock noon, April 12, 1897
Terms of Advertising—(Per ineli space.)
by the Board of Education, care of George R. Griffiths
Clerk, for the purchase of $75,000 of 4 per cent school bonds.
The securities will be dated Sept. 1,1896: interest will be pay
able semi-annually at the American Exchange National Bank
of New York City, and the principal will mature Sept. 1 ,
Oklahoma T erritory.—Attempt to Make Gold Contracts 1930, subject to call after Sept. 1, 1906. The denomination
Illegal Sot Suecssful.—On February 24, 1897, a bill pro of the bonds will be S500. Each bid must be accompanied
viding that all contracts payable in gold shall be non by a certified check for 5 per cent of the amount bid.
collectible and void passed bo h branches of the Okla
Cleveland, Ohio.—Bond Offering.—Proposals will be re
homa Territorial Legislature. The bill failed to meet with ceived until 13 o’clock noon, April 12, 1897, byH , L. Rossiier,
City Auditor, for the purchase o f $45,000 of 4 per cent bridgethe approval of the Governor and was returned by him to the repair bonds dated October 1, 1896; interest will be payable
Legislature with the following letter:
semi-annually on ihe first days of April and October, and the
“ Section 6 of the Organic act prescribes *that the legisla principal will mature October 1, 1906, both principal and in
terest
being payable at the American Exchange National
tive power of the Territory shall extend to ali rightful sub
jects of legislation Dot inconsistent with the Constitution and Bank of New York City. The bonds are of the denomina
laws of the ' Anted States.' If the subject matter of this bill tion of $1,000 each.
No b.d for less than par and accrued interest will be con
were within the
grant of
power given to
the
Legislative Assembly there might be some excuse for sidered, and each proposal must be accompanied by a certi
its enactment, but as I understand the question fied check for 5 per cent of the amount bid for.
The city’s total indebtedness, including this issue, amounts
the exclusive power over the subject is vested by the Federal
Constitution in the Congress o f the United States, and that no to $10,398,026: water debt (included in total debt), $3,091,977;
State or Territory can enact a valid law prohibiting a citizen sinking funds, $1,823,500; net debt, $6,482,549. The tax val
from entering into a contract and specifying therein the kind uation is $184,562,905: real valuation is estimated at about
of money recognized by the Government in which his debt $500,000,000. The population is estimated at 375,000.
shall be paid.
Colbert County, Ala.—Bonds Authorized.— A special dis
“ At the October, 1895, term of the Supreme Court o f the
United States, Mr. Justice Field, in passing upon this ques patch to the New Orleans “ Times-Democrat” states that the
tion, uses the following language: ‘In my judgment no citizens of Colbert County have voted in favor o f a proposi
transaction of commerce or business, or obligation for the tion to issue $100,000 of road improvement bonds,
payment of money that is not immoral in its character, and
Columbus, (in.—Bonds Proposed.—It is reported that the
which is not, in its manifest purpose, detrimental to the peace, City of Columbus will petition the Legislature for authority
ood order and general interest of society, can be declared or to issue sewer and water-works bonds to the amount of
eld to be invalid because enforced or made payable in gold $50,000,
coin or currency when that is established or recognized by
Coraopolis, Pa.—Bond Offering.—Proposals will ba received
the Government. And any acts by State authority impairing
or lessening the validity or negotiability of obligations thus until 6 o’clock p. M., March 27, 1897, by Sanford H. Ferree,
Chairman
of the Finance Committee, for the purchase of
made payable m gold coin are violations o f the laws and Con
stitution of the United States.' This same doctrine had pre $16,000 of 4jb per cent bonds of this borough. The securi
viously been announced by the same high authority in sev ties will be dated April 1, 1897, interest wilt be payable semi
annually, and the principal will mature in thirty years from
eral decisions prior to the above.
“ It seems evident from the authorities that the bill in ques date of issue, subject to call after April 1,1903. The loan will
tion would and could not become a valid law, for the reason be in the form of coupon bonds of $500 each and is issued for
that the Legislative Assembly does not possess the power to the following purposes: $2,000 for fire protection, $3,000 for
public buildings, $6,000 for sewerage system and $5,000 for
legislate upon the subject.
“ The only effect of such an enactment wouldjbe to frighten street improvements. All of the bonds shall be exempt from
timid capital and to injure the credit of the Territory abroad State taxation. Each bid must be accompanied by a certified
check for $250.
without producing any benefit at home.
“ Believing that no possible good could come from this bill
Crowley, La.—Bond Issue.—It is reported that negotiations
and that much evil might result from it, I return the same are being made by P. K. Tyng & Co,, of Buffalo, N Y ., for
without my approval.”
the purchase of water-works and electric-light bonds to be is
sued by the town of Crowley.
B o n d Proposals m id N e g o tia tio n s.—We have re
East Chester, N. Y.—Bond Sale.—On March 16, 1807,
oeived through the week the following notices of bonds
Hebert D. Lent, Town Supervisor, awarded the $30,000 of 4
recently negotiated and bonds offered and to be offered for per ceD t improvement bonds to C. IT. White & Co., of New
u le .
York City, at 102’22. and the $5,520 of 5 per cent improve
t Alabama.—Bonds Authorized.—The General Assembly of ment bonds to G. M. Habn, of New York City, at LOG-29.
this State has authorized the Governor to issue bonds to re- The securities are dated April 1, 1897, and the interest is pay
fund the present indebtedness of the State. The securities able semi-annually at the People’s National Bank of Mount
will bear such rate of interest as may be agreed upon and Vernon, N. Y. The $30,000 of 4 per cent bonds will mature
will mature in not more than fifty years from date of is»ue. at the rate of $5,000 per annum from April 1, 1905 to 1910,
tbe bonded debt of the State at the present time amounts to inclusive-; $5,000 of the 5 per cent bonds at the rate of $1,000
about r l ,000,000, bearing interest at an average rate of 4 'Y per annum from April 1, 1898 to 1902, inclusive, and $020 on
per cent.
April 1, 1903.
The securities are of the denomination of
$1,000, except one of the 5 per cent bonds, which is for $520,
Anniston, Ala.—Bond News —A suit brought by the
ttMLwin u»
The present indebtedness of the town (not including this
Trust Company of Baltimore, M d„ against the cit
issue) is $21,”20, a part of which is chargeable to the City of
S a le * . . . . — ! 7, on account of the city's default in the paymer
Mount Vernon, N. Y. The assessed valuation (about 30 per
Spec. A ex p .
i has resulted in a verdict in favor of the con
cent of the actual value) is $923,687.
P%tfurei.
Essex County, N. ,T.—Bond Sale.—On March 10, 1897,
M arket,
|2!Jf C olon School District, Mich.—Bond Sale.1:45 r. u
$140,000 of 4 per cent ten-year gold bridge bonds of this
»-.!• Committee on March It, 1897, awarded the $10,
county
were awarded to The Lamprecht Bros. Go. of Cleve
cent school bonds to Dietz, Denison & Prior, o
Market,
land, Ohio, at 103'88. The other bids received were :
>>hio, at 101-41. The securities are dated Feb, If
4 r. m.
O a o t t a t ................................ $3 30 |Three Month# (13 tim e s)..$25 00
One Mont!]
<i tim e*).. 11 00 I Six months
(26 tim es).. -1300
Tw o Mouth (8 HBtes).- 18 00 |T w elve Months <52 t i m e r ! ) 58 00
T he above terms fo r one month and upwards are fo r standing cards.
f
March 20, 1S97.J
THE CBRONKJLE.
Rudolph Kleybolce & Co., Cincinnati, O h io....... .............................1 0 2 1 3 0
W alter Stanton & Co., New Y ork, N Y ............................................ 102-0-*6
E. D. Shepard & Co., New York, N. Y .............................................. 101-970
Benwell & E veiitt. New Y ork, N. Y ............................... .............. 101-650
Franklin Ins'itution o f Savings, Newark. N. J ............................ 101-500
E. C. Jones Co . New Y olk . N. Y ....................................................101-310
FarsOD. Leach A Co., New York. N. Y . . . .........................................1 0 1070
N. W. Harris A Co., New Y ork, N. Y ............................................... 100 550
S. A . Kean, Chicago, 111.........................................................................100-000
Far Rocknway, N. Y.—Bonds Authorized.—A bill has been
passed by tbe State Legislature and signed by the Governor
authorizing this municipality to issue §35,000 of sewer bonds.
Galveston Connty, Texas.— Bond Offering.—Proposals will
be received until 12 o’clock noon, April a. 1897, by the Chair
man of the Finance Committee, care of George H. Law, Jr.,
County Clerk, for the purchase of $200,000 of 5 per cent
coupon court- house bonds. The securities will be of the de
nomination of $1,000; interest will be payable semi-annually
on ths tenth days of April and October, at the office of the
County Treasurer, and the principal will mature in from ten■;o forty years from date of issue.
Greensboro, N. C.—Bond Election.—The issue of $50,000 of
bonds of this city has not been authorized, as reported by us
last week, but the proposition will be submitted to a vote of
the citizens on May 3, 1897.
Grenada, Miss.—Bond Sale —The $10,000 of water works
and sewer bom s offered by tbis city on March 10, 1897, were
awarded to local bidders at 100-25. The securities bear 6 per
cent interest and mature in 1917.
Hartford (Codd.) South School District.—Bond Sale.—
On March 1C, 1897, the $50,000 of 4 per cent bonds of this
district were awarded to E. C. Stanwood & Co. of Boston,
Mass., at 103 35. There were 14 other bids received. The
securities are dated May 1, 1897; interest is payable semi
annually and the principal will mature May 1, 1927, subject
to call after May 1, 1907. The loan is in the form of coupon
bonds of $1,000 each, issued to fund part of the floating debt
of the district.
Holyoke, Mass.—Bond Sale.—On March 16, 1897, the $109,0C0 of 4 per cent gold school bonds of this city were awarded
to Parkinson & Burr, of Boston, Mass., at 107 739. The other
bids received were as follows:
Cushman, Fisher & Phelps. Boston. Maes...............................107-S70
Jas. W. Longstreet & Co., Boston, Mass................................. 107-512
Estahrook A Co.. Boston, Mass .............................................. 107 419
Jose Parker* Co., Boston, Mass ........................................... 107-389
N. W. Harris* Co., Boston, Mass...........................................lO'-SSs
Blodget, Menitt & Co., Boston, Mass................................... 107-3 O
K. L. Day * Co.. Boston. Mass
.........................................108 837
E. H. Rollins * Sons, Boston, Mass................... .................. 108-8'9
E. C. Stanwooil * Co.. Boston, Mass........................................ 1(M 900
Blake Bros. * Co., Boston, Mass............................................ 106-420
Faison, Leach * Co , New York, N. Y..................................... 106 070
The securities are dated March 1.1897; interest is payallo
semi-annually on the first days of March and September, and
the principal will mature March 1, 1917, both principal and
interest being payable at the National Hide & Leather Bank,
of Boston, Mass.
The bends are of the denomination of $1,000 each and are
secured by a sinking fund.
Indinnn—Bond Neu-s—Tbe State Board of Finance has
decided to redeem on April 1, 1897, $150,000 of bonds of the
per cent series.
Jamaica. N. Y.—Bond News—A vote taken on March 18,
1897, on the question of bonding the town of Jamaica to the
amount of $450,000 for highway improvements resulted in
favor of the proposition by 695 to 145.
Jefferson County, IV. Va.—Bond Offering.—Proposals will
he received until 10 o’clock a. m., April 1, 1897, by W. F.
Alexander, County Clerk, for the purchase of $90,000 of 4 per
cent refunding bonds of this county. The securities will be
dated April 1, 1897: interest will be payable semi-annually
on the first days of April and October, and the principal wiil
mature April 1. 1930, subject to call after April 1, 1907. both
principal and interest being payable at the National Union
Bank of Maryland in the City of Baltimore. The bonds will
be of the denomination of $100, $500 and $1,000, and will be
exempt from all county, district or municipal tax levies. No
bid for less than par will be considered.
Jersey City, ,N. J.—Bond News.—A bill has been passed by
the State Assembly authorizing this ciiy to issue $50,000 of
park bonds.
Kansas.— Bonds Proposed.—A bill providing for the issu
ance and sale of $212,0u0 of refunding bonds has been passed
by tbe Senate. These securities, if authorized, are to be
issued for the payment of $85,000 of bonds maturing July 1,
1897, and $127,600 maturing July 1, 1898. The denomination
of the bonds will be $1,000 ; they will bear interest at the rate
of 4 per cent, and the principal will mature in twenty years
from date of iBsue. A special tax will be levied each year for
the payment of interest on the bonds.
Keosanqua, Iowa.—Bond Sale.—This city has awarded
$10,000 of 5 per cent water-works bonds to the B. L. & Geo.
D. Cook Company, of Chicago, III.
Knoxville, Tenn.—Bond Sale.—On March 15, 1897, the
$50,000 of 5 per cent market-house and school bonds of this
city were awarded to N. W. Harris & Co. of Chicago, III., at
106-25. The other bids received were;
579
The securities are dated April 1, 1897, interest is payable
semi-annually on the first days of April and October in this
city or in New York, and the principal will mature as fol
lows: §15,000 on April 1, 1907; $15,000 on April 1, 1917, and
$20,000 on April 1,1927. The bonds are of the denominations
of $500 or $1,000, as the purchaser may desire, and are issued
to provide funds for building a market-house and schoolhouses.
The city has no floating debt; its bonded debt amounts to
$1,026,000; tax valuation for 1896, $9,747,553; total tax rate
(per $1,000), $13-50, and real valuation about $15,000,000. Ac
cording to the Census of 1890 the population was 22,375; it is
estimated no tv at 37,000.
Laurel, Md.—Bond Issue.—It is reported that this town
will issue improvement bonds to the amount of $11,000. The
securities are to bear interest at the rate of 5 per cent.
Lee County, Ala.—Bond Sale.—The $25,000 of gold coupon
court-house bonds of Lee County have been sold at 102 25.
The securities bear 6 per cent interest, payable semi-annually,
and are exempt from oity and county taxation.
Le Boy, Minn.—Bond Sale. —The village of Le Roy has
disposed of the $8,000 ofjten to twenty year water-works bonds
which were offered for sale on February 27, 1897.
Louisville, Ky.—Bond Offering.—On April 1. 1897, the
Sinking Fund Commissioners of this city will sell $558,000 of
4 per cent forty-year bonds. The securities will be of the
denomination of $1,000 each, and are to be issued to refund
certain bonds now outstanding bearing interest at the rate of
6 per cent.
Lynchburg, Yra.—Bond Offering.—Proposals will be re
ceived until April 5, 1897. by N. C. Manson, Jr., Chairman of
the Finance Committee, for the purchase of $425,000 of thirtyyear refunding bonds of this city. The bonds will be sold in
lots of not less than $5,000. Bidders are requested to stater
the price at which they will take the securities, first, when
bearing interest at the rate of 4% per cent, and, second, when
bearing interest at the rate ot 5 per cent, and both, on the
basis of the bonds beiDg taxed by the City of Lynchburg and
of their beiDg non-taxahle. The total indebtedness of the
city on February 1, 1897, was $1,403,789; sinking fund,
$15,000 : net debt. $1,388,789. The assessed valuation is ;
real estate, $7,689,715 ; personal property, $2,475,285 ; total,
$10,165,000; tax rate (per $1,000), $15. The population is
estimated at about 25,010.
Mahoning County. "Uio.—Bond Offering — Proposals will
he received until 1:30 o’clock P. m. March 30, 1897, by the
Board of County Commissioners, for the purchase of $50,000
of bridge bonds of tbis county. The securities will he issued
for the purpose of constructing a bridge over the Mahoning
River. They will bear interest at the rate of 5 per cent, pay
able semi-annually on the first days of March and September
at the office of the County Treasurer, and the principal will
mature from 1900 to 1909, inclusive, at the rate of $5,000 each
year. A certified check for 2 per cent of the amount bid for
must accompany each proposal.
Medford, Mass.—Bonds Proposed.—A bill has been pre
sented to the Massachusetts State Legislature, authorizing
this city to issue $300,000 of 4 per cent thirty-year bonds to
refund its present Stating indebtedness.
Mingo Junction, Ohio.— Bond Offering.—Proposals will
be received until April 5. 1S97, by C. G. Carey, City Clerk,
for the purchase of $16,500 of park bonds. The securities
will hear interest at the rate of 6 per cent and mature iu
from ten to fifteen years from date of issue.
Monticello, Fla.—Bond Election.—On April 5, 1897, a
preposition to issue bonds for the construction of water-works
will be put to a vote of the citizens of Monticello.
Mnoltrie, Ha.—Bonds Authorized—City Treasurer W . B,
McPhaul reports to the C h r o n i c l e that the citizens o f Moul
trie have voted in favor of issuing the $5,000 of 6 per cent
twenty-year school bonds.
New berg, Oregon.—Bond Sale.—On Feb. 7,1897, at a private
sale the $15,000 ot gravity system water-works bonds of Newberg were awarded to Morris & Whitehead, of Portland, Ore.,
at 95. The securities bear 6 per cent interest, and the princi
pal will mature in twenty years from date of issue. Principal
and interest will be payable by Kouhtze Bros., of New York
City.
New Rochelle, N. Y., School District No. 1.—Bond Sale.—
On March 15, 1897, the $104,000 of 4 per cent bonds of this dis
trict were awarded to E. C. Stanwood & Co., of Boston,
Mass., at 104-949. There were 26 other bids received. The
securities are dated May 1, 1897; interest is payable semi-an
nually on the first days of May and November, and the prin
cipal will mature as follows: $33,000 at the rate of $3,000 per
annum from May 1, 1903 to 1913, inclusive; $6,000 on May 1,
1914; $6,000 on May 1, 1915, and the remainder at the rate of
$5,000 each year thereafter until paid.
The bonds are of the denomination of $1,000 and are issued
to provide funds for the purchase of two sites and building
school houses thereon.
Newtown, N. Y.—Bonds Proposed.—A proposition to issue
P r e m iu m .
Farson, beach * Co., Chicago, [It......................................... $2,R38 80 street improvement bonds to the amount of $600,000 has been
Rudolph KJeybolte A Co .Cincinnati Ohio........... .............. 2 , 7 1 0 00 adopted by the Town Board of Newtown, and will be sub
Dietz. Denison A Prior, Cleveland. Ohio.... ....................... 2.02175
W. J. Hajcs A .Sons. Cleveland, Ohio......................... .......... 1,755 75 mitted to a vote of the electors at the annual town meeting
C. H. White & Co., New York, N. Y.....................................
105 70 on April 7, 1897.
580
THE CHRONICLE
(V ol . LX1V.
S(,\i \ o r I.~ Bond News.— A bill has been passed by-the j Roanoke, Ya —Bond Issue.—The city o f Roanoke proposes
;>{ <;. I - r ’ a. V.ir.* and sign* d by the Governor, providing that to issue bonds to the amount of $12,000.
u',.' r*t*
mu tv.-t on municipal bonds of this State shall not
St. Croix County, WIs,—Bul ls of this county to the
amount of $10,Of 0 have been sold to N. W . Harris & Co. of
5 I < t K&tit*
Si-n York C lir . Bond Nmvs.—The bill authorizing this Chicago. 111., at a premium of $900, There were eleven other
,-kv t«i i*f ue bonds to pay for the property acquired for Fort bids received. The securities bear interest at the rate of 5
per cent and mature in seventeen years from date of issue,
w ishlngtoo Park, has been signed by the Governor.
South Orange, N. J.—Bonds Authorized.—The citizens of
Norlli Adame, Muss.—Bond Bole,—It is reported that
N,.rth Adam- has sold school, sewer and refunding bonds to this township have votid in favor of a proposition to issue
tin- amount of $800,000. The securities bear interest at the $25,000 of >5 per cent twenty-year school bonds.
rate of 4 per cent, and the principal will mature in 1937.
Tacoma, Wash.—Bond News.—The Supreme Court has
Norfolk County. Mass.— Temporary Loan.—County Treas decided that certain warrants of this city, now outstanding,
urer Chae, H, Smith has placed a loan of $50,000 at 3}^ per bearing 8 and 10 per cent interest, are invalid, because they
cent interest. The loan was authorized in anticipation of were once paid. The securities were redeemed by the City
Treasurer, but were re-sold by him without receiving the
taxes, and will mature in ten months from date of issue.
North Dakota.—Bond Offering.—Proposals will be received proper authority to do so.
Tarrytown, N. Y.—Bond Offering. —Proposals will be re
until 8 o'clock P m . April 15, 1897, by State Treasurer Geo.
E Nichols, for the purchase of $6*3,000 of refunding bonds. ceived until 2 o’olcck P. M. March 27, 1897, by K. Hershel
The securities will be dated May 1, 1897; iuterest at the rate Purdy, Clerk of the Board of Education of Union Free School
of 4 per cent will be payable semi annually on the first days
of Mav and November, and the principal will mature May 1, District No. 1, town of Greenburg, Westchester County, N.Y.,
19'.’7. ' Principal and interest will be payable at the Chemical at his office in the village of Tarrytown, N, Y ,, for the pur
National Back of New York City. Each 1id must be accom chase of $89,0(0 of 4 per cent school bonds. The securities will
panied bv- a certified check for 5 per cent of the amount bid be dated April 1, 1897; interest.will be payable semi-annually
for, payable to the order of the State Treasurer.
on the first days of April and October, and the principal will
North Hfinpstfad. N. Y.— Bond Offering.—Proposals will
be received until 3 o’clock P. M,, March 29, 1897, by Samuil mature as follows: $69,000 at tbe rate of $3,000 per annum
Hooper, Town Clerk, for the purchase of $58,000 of 4 per cent from October 1, 1897 to 1919, inclusive, and $20,000 at the rate
road bonds. Interest on tbe securities will be payable semi- of $3,000 per annum from Ociober t, 1920 to 1923, inclusive.
annually on tbe first days of -January and July at the office of
The official advertisement of this bond offering will be found
the Town Clerk. Twenty-nine thousand dollars of the prin
cipal will mature at the rate of $1,000 per annum from July elsewhere in this Department
1, 1897 to July 1, 1925, inclusive, and the remainder on JulyTaunton, Mass.—Bonds Proposed.—Tbe city of Taunton
1, 1920. A certified check for t- n per cent of the amount bid has pf titioned the Legislature for authority to issue addi
for must accompany each bid, The total bonded indebtedness^ tional water bonds.
of North Hempstead does not exceed $78,000, Che assessed
Tecnmseh, O. T.—Bond Offering.- Propc.saIs will be re
valuation, real and personal, amounts to $4,088,000, and the ceived un-il April 10, 1897, bv this city for the purchase of
population in 1890 was 23,756.
$8,000 of 7 per cent bonds. Tim securities -will be dated May
Oyster Bay, N. Y.—Bond Election,.—The Town Board has 1. 1897, and the principal will mature May 1, 1912. Each bid
decided to submit to a vote of the people a proposition to issue must te accompanied by a certified check for $300, Tecurn$300,000 of road improvement bonds. The securities, if seh has at present no indebtedness of any kind.
authorized, shall be of the denomination of $500 each, issued
Texas.—Bonds Proposed.— A bill has been presented to the
in lots of not to exceed $50,0(0 ; interest will be payable at a Stale Legislature authorizing counties having no railroads to
rate not exceeding 4 per cent per annum, and the principal issue bonds for the purpose of building them,
will mature in thirty years from date of issue,
Terre Haute. I nd.— Bond News.— This city recently
Phoenix, A. T.—Bond Issue.—This city proposes to issue awarded $19,539 95 of 0 per cent 1 to 10 year street improve
$10,000 of gold refunding fire-department bonds. The se- ment bonds to Seawongood & Mayer, of Cincinnati, Ohio, at a
cunties will bear interest at rhe rate of 5 per cent and will premium of $837 75. That firm has refused to take the
mature in fifteen years from date of issue, tubj-ct to redemp securities, claiming some technical illegality in their iesue.
tion after ten years at the rate of $2,000 per annum. The The bonds will be re-advertised fcr sale.
bonds will be of the denomination of $500.
W etumpta, Ala.—Bonds Authorized.—The Alabama State
An option on the bonds at par has been given till April 1,
Legislature has authorized this city to issue $10,000 of gold
1897, but the city reserves the right to cancel the same on the bonds to provide funds fcr tbe purchase of a school site and
-91st of this month.
the erection of a building thereon. The securities will bear
P ort Huron, Mich.—Bond (W iring.—Proposals will be re interest at the rate of 6 per cent, payable semi-annually on
ceived until 12 o’clock noon, March 27, 1897, by this city for the first days of January and July, and will mature in thirty
the purchase of $3,500 of public-building bonds, Tbe eecuri- years from date of issue, subject to call after twenty years,
ties will be dated January 1, 1897, they will bear interest at both principal and intnest to be payable at tbe American Ex
the rate of 4 per cent, and the principal will mature January change National Bank of New York City. The loan will be
1, 1900.
in the form of coupon bonds of $50 each. The city at present
Providence, B. I.— Bond Offering.—Proposals will be re has no indebtedness.
ceived until 12- o’clock noon March 25, 1897, by D. L, D.
Granger, City Treasurer, for the purchase of $1,550,000 of 4
STATE AND CITY DEBT CHANGES.
per cent bonds of thi3 city. Of this amount $250,000 are
We
subjoin reports as to municipal debts received since
water bonds, $300,000 sewer bonds, $500,000 highway bonds
and $500,000 school bonds. Tbe securities will be dated April the last publication of our State; and City Supplement.
1, 1897 ; interest will be payable semi-annually on the first Some of these reports are wholly new and others cover items
days of April and October, and the principal will mature of information additional to those given in tne Supplement
April 1 1927, both principal and interest being payable in and of interest to investors.
gold. The loan will be in the form of coupon or registered
Boston, Mass.—Josiah Quiney, Mayor. The following
bonds as the purchaser may desire, the coupon bonds being financial statement of the city of Boston has been corrected
payable, both principal and iobrest, at the office of the City to February 1, 1887, by means o f a special report to the
Treasurer of Providence or at the National City Bank of New C h r o n i c l e from Alfred T. Turner, City Tieasurer.
York,
The county of Suffolk, in which Boston is situated, con
Each proposal must be accompanied by a certified check tains also the city of Chelsea and the towns of Revere
for 3 i<er cent of the amount bid for.
and Winthrop. Boston, however, receives all the county in
Tbe total indebtedness of the city on March 1, 1867, was come, pays all the county expenseF, owns the county build
$1«,014,828; sinking funds, $3,589,979 ; net debt, $13,283,849. ings. and is responsible for the county debt, which amounted
The assessed valuation for 1896 was $174,233,500; tax rate on February 1, 1897, to $3,643,000 The details of this county
(per Si.0001, $16.50, The population for 1897 is estimated at debt are included in the following financial report for thiscity.
154,(00.
LOAN S—
When. Due.
LOANS—
When Due
HIOHNVa tf8—(Concluded)—
m s B onds —
The official advert! ernmt of this bond offering will be found In,B uA&O,
$ 1 6 0 ,0 0 0 ...O c t 1 ,1 9 1 1 4s, J& J. 150, OOO....,J uly l , 1 91 8
efaewhere in this Department.
In, J&J.
9 0 ,0 0 0 ...Jail, t, 1912 4 s ,........ 700,OOO.... July 1 ,1 916
(Queens County. N. Y.—Bowl Offering. - Proposals will be
rm -m -d until March 35, 1897, by ihm county, for the purcJiase of $490,000 of road improvement bonds. The securities
wil: t ear interest at the rate of 4 per cent and the principal
will T. •
m twenty years from date of issue. The denom
ination of the bonds will be $500.
liaelnc, IV it.—Bond Sale.—'This citv has sold $20,000 of 5
p- r » : paving bonds to C. H. White & Co,, of New York
City, at 113 p* r cent.
3%!S,A&0, 25 0,000.. .Got. 1 ,1 9 1 7
G en e r a l T en Y i:a it L oan —
I s, J&J, $1,189,000.. .Jau. 1 .1 899
H ig h w a y s —
4s, .1,11), $ 5 0 .0 0 0 ... .June 1,1901
4s, A 4-0, 25 ,800-----Apr, 1 ,1 902
4s, J&J,
3 1 ,000...... 1uly 1,1 912
48, A&O, 243,200— Oct. 1 .1 9 1 2
4s, J&J, 1 5 0 ,0 0 0 ... .Jau. 1, 1913
t»,.T ,v,I.
J T o .o o p . — July 1 ,1 9 1 3
4s, A«VO, 150,OOO....Oct. 1 ,1 913
4s, A&.0, 5 0 0 ,0 0 0 ....Apr. 1, 19U
4s, J&J, 500,000...... 1uly 1, 1915
3 l«s, J&J, 5 0 0 ,0 0 0 ....Jan.
LniBAitT B onds —
-Is, J&J, $297,000-. .July
is . AiVO,
I t,0 0 0 ...O ut,
4s, A AO,
18 0,0 0 0 ... Jan.
4 b, J&J,
4 4 .0 0 0 ...J an .
4s, A AO, 1 7 5 ,0 0 0 ... O c t
4a, J&J,
2 0 0 ,0 0 0 ...Jan.
4a, A&O, 325,OOO...Oct.
4a, A AO, 1 0 0 ,0 0 0 ...Oct,
4s, A&O,
4 9 ,5 0 0 ...Jan.
is , A&O, 1 5 0 ,6 0 0 ...Oct.
3*as, J&J, 500,OOO...July
1 ,1 9 1 7
1 ,1 9 0 0
1900
1, 1901
4 ,1 9 1 6
1 ,1 9 2 2
1 ,1 923
1 ,1 9 2 3
1 ,1 9 2 4
1 ,1 9 2 5
1 ,1 9 2 5
1 ,1 8 9 9
THE CHRONL LK
March 20, 1897.]
581
LOANS—
When Due.
W a t e r D e b t — (Concluded.)
S e w e r a g e B o n d s — (Continued. > 5g, A&O, $552,000___Apr. 1 ,1 9 0 6
4s, J & J , $50,000___ Jan. 1 ,1 9 0 5 5g, A&O,1,000,000___Oct. 1, 1905
4s, A&O,
51,500___ Oct. 1, 1906 5g, A&O,2,000,000
Oct. 1, 1906
as , A&O, 4 2 1 ,0 0 0 ....Oct. 1, 1911 5s, A&O,
1 ,0 0 0 ....Oct. 1, 1907
4s, J&J, 2 5 0 ,0 0 0 ....Jau. 1 ,1 912 5s, A&O,
12,000___ Apr., 1908
j P u b . I x s t ’ s a n d C i t y H o s f i t ' l — 4s, J&.T,
5 0 ,0 0 0 ....July 1, 1914 4*2g,A&Or268,OOO....Oct. 1, 1909
4s, A & O , $136,500...Oct. 1. 1911 4s, A&O, 67,650___Apr. 1, 1915 4s A&O, 5 8 8 ,0 0 0 ....Apr. 1, 1908
4s, J&J,
35,0 0 0 .... July 1, 1916 4s, J& .I,
250.000. .. J u ly 1,1912 4 s ,........
8 2 ,0 0 0 ....July 1, 1909
4S, A&O,
42.000.
. . 0 .t . 1,19123*39, J & J ,1 0 0 ,0 0 0 .... July 1, 1905 4s, A&O, 2 8 0 ,0 0 0 ....Apr. 1, 1910
15.000.
.. A p r. 1, 19153*2S, J & J , 5 0 ,0 0 0 ....Jan. 1 ,1 9 0 6 4s, A&O, 3 2 4 ,0 0 0 ....Apr. 1 ,1 9 1 2
4s, A&O,
A&O,3 5 9 ,0 0 0 ....Oct. 1 ,1 9 0 6 4s, J& J, 111,0 0 0 ....J u ly 1 ,1 9 1 3
.. Oot. 3*23,
1,1915
4s. A&O, 400.000.
3*2S, J & J ,5 0 0 ,0 0 0 ....July 1, 1919 4s, A&O, 336,000___ Oct. 1, 1913
P a r k L a nd s—
4s, J & J ,$100,000.. .. J u l y 1,1924 3s. J & J , 3 0 9 ,0 0 0 ....July 1, 1905 4s, J&J, 4 6 6 ,0 0 0 ....Jan. 1, 1914
4s, A & O , 1 0 0 ,0 0 0 ....Oct. 1,1924 4s, A&O, 4 1 ,0 0 0 ....O ct.1 5 , 1916 4s, A&O,
1 8 ,5 0 0 ....Apr. 1 ,1 914
4s, A & O , 5 0 ,00 0... .A p r. 1, 1925
S t o n y B r o o k ,& c ., I m p . B o n d s 4s, A&O,
1 6 ,0 0 0 ....Oct. 1, 1914
4 s ............
5 8 9 , 0 0 0 .. . J u ly 1 , 1 9 1 6 4s, A & O , 208,000....O o t. 1,1925 43, A&O, $ 5 00,0 00....O c t. 1 ,1 917 4s, J & J ,
5 0 ,0 0 0 .... Jan. 1, 1915
3 0 ,0 0 0 ....Oct, 1, 1913 4s, A&O, 1 4 5 ,7 0 0 ....Apr. 1, 1915
1 1 ,3 0 0 ....Ju ly 1,1926 4s, A&O,
4s..........
3,000. A pr. 1 ,1 9 1 6 4 s ,. .......
4s, A&O 1 9 2 ,5 0 0 ...Oct. 1 .1 916 3*23,J & J , 4 0 0 ,0 0 0 .....July 1, 1917 4s, A&O, 1 0 0 ,0 0 0 ....O ct. 1, 1936 4s, A&O,
2 3 ,0 0 0 ...:0 c t . 1, 1915
S t r e e t , E t c ., B o n d s —
2 2 3 ,5 0 0 ...N ov.30,1916 3*23,J & J , 6 0 0 ,0 0 0 ....Jan. 1,1920
4 s ,........
4s, J & J ,
5 8 .0 0 0 ....Jan. 1, 1916
R a p id T r a n s it —
Sag, J&J,£ 3 62,2 00___ Ju ly 1, 1899 4s, A&O, 1 2 8 ,5 0 0 ....A p r. 1 ,1 9 1 6
4s, J&J.
3 2 ,0 0 0 ... Jail. 1 ,1 9 1 7
4s, A&O,
10 ,0 0 0 ...Oct. 1, 1934 4s, A & O , $50,000. ...O c t. 1.1934 4s, A&O, 335,000___ Oct. 1, 1911 4s, A&O, 2 8 6 ,3 0 0 ....Oot. 1, 1916
■ A&O,
2 5 ,0 0 0 ....Oct. 1, 1912 4s, J&.T,
4s, A&O,
1 0 ,000 ...O ct. 1, 1935 4s, A & O 1,000 ,0 00.... Apr. 1. 1935 4s,
2 1 ,0 0 0 ....Jan.,
1917
4 s,.........
1917
3 0 , 0 0 0 . . . J u ly 1 , 1 9 3 6 4 s ,A & O , 1 0 0 ,0 0 0 ....Oct. 1,1936 4s, A&O, 2 6 0 .5 0 0 .. . .A pr. 1. 1913 4s, A&O. 1 6 1 ,0 0 0 ....Apr.,
5 0 .000 .
. . . Jan. 1, 1914
4s, J&.T,
7 ,0 0 0 ... .July 1 ,1 9 1 7
3*2s, J&J, 5 0 0 ,0 0 0 ...Ju ly 1 ,1 899 3*2S, J & J , 2 5 0 ,0 0 0 ....Jan. 1,1936 4s, J&J,
3 *28,A&O.1.037,0 0 0 ...Oct, 1 ,1 8 9 9 3*23,....... 500,000 . . . A p r. 1,1936 4s, J&J, 10 0.00 0. . . . July 1, 1914 4s, A&O, 1 6 0 ,7 0 0 ....Oct. 1, 1917
3*2S,A&0,1.500,000...Oct. 1, 1936 4s, A&O, 100.000. . . . Oct, 1 ,1 9 1 4 4s, J & J ,
2 0 ,0 0 0 .... Jan.,
1918
P a r k B on d sS c h o o l H o u s e s & S it e s —
. . . 0 . t 4s,A&O,
, 1. 1914
4s, A&O, 50 .000 .
6 ,3 0 0 ....A pr.,
1918
43, A&O, *2 0 0 ,0 0 0 ... Oct. 1 ,1 900
4s, J&J,
343,0 0 0 ... Jan. 1. 1913 4 s , A & O , $500,000 . . . A pr. 1, 1911 4s; J & J ,1,0 00 ,0 0 0 ....J u ly 1 ,1 9 3 6 4s, A&O, 1 0 0 ,0 0 0 ....Oct. 1 ,1 9 1 8
4s, A&O
9 1 3 ,0 0 0 ...Apr. 1, 1913 4s, A & O , 2 5 0 ,0 0 0 ....Oct. 1,1914 3*28, J&J, 5 0 ,0 0 0 ....J a u . 1, 1917 4s, A&O, 200,000___ Apr. 1, 1919
4s, J&J,
500,0 0 0 ...Jan., 1914 4s, J & J , 300,000___ Ja n . 1, 1917 3*29, J&J, 500,000 . . . Jan. 1, 1937 4s, A&O, 3 0 0 ,0 0 0 ....Oct. 1, 1919
Wa t e r D e b t —
4s, A&O,
7 5 ,0 0 0 ...Apr. 1 ,1 9 1 4 4s, J & J , 5 0 0 ,0 0 0 ....J u ly 1,1926
4s, A&O, 3 8 4 ,0 0 0 ....Oct. 1 ,1 9 2 0
Cocliituate Water—
4s, A&O. 500,000. . . Oct. 1, 1914 4s, J & J , 5 0 0 ,0 0 0 ....J u ly 1, 1935
4s, A&O, 1 0 0 ,0 0 0 ....A pr. 1 ,1 921
S e w e r a g e B on d s6s, J & J , $ 5 0 0 ,0 0 0 ... .Dec.12,1897 4s, A&O, 1 6 2 ,5 0 0 ....Oct. 1 ,1 921
4s, J&J, 1,000,000... Jan. 1, 1925
3*2 s,A&O, 2 0 ,0 0 0 ...Apr. 1, 1910 68, A & O , $ 3 0 ,0 0 0 .... Oct. 1, 1897 6s, J & J , 4 5 0 ,0 0 0 ....J ’ ne 16,1898 4s, J & J , 1 0 0 .0 0 0 ....Jan. 1, 1922
" A&O,
— ~ 1 4 5 ,0 0 0 ....Oct. 1, 1897 6s, A&O, 5 4 0 ,0 0 0 ....O ct. 3, 1898 4s, A&O,
3*23,A&O, 5 5 ,000... Oct. 1, 1916 5s,
7 5 ,0 0 0 ... .Apr. 1, 1922
32.000.
. . . A p r. 1,18996s, A&O, 2 5 0 ,0 0 0 ....A pr.27,1899 4s, A&O, 283,000___ Oct. 1 ,1 9 2 2
3*as, J&J, 5 0 0 ,0 0 0 ...Jan. 1 , 1927 5s, A&O,
17.000.
.. .A p r. 1, 19006s, J & J , 6 2 5 ,0 0 0 ....Jau. 1, 1901 4s, A&O, 5 7 6 ,2 7 5 ....Oet. 1, 1923
3*48, A&O, 2 9 ,0 0 0 ...Oct 1 ,1 9 1 5 5s, A&O,
18.000.
. . . 0 . t . 1,19006s, A&O, 6 8 8 ,0 0 0 ... .Apr. 1, 1901 4s, A&O, 6 4 4 ,2 2 5 ....Oct. 1, 1924
5s, A&O,
P a k k C o n s t r u c t io n —
4 s , J&J,
$ 4 5 0 , 0 0 0 . . .Jan. 1 ,1 9 1 8 4s, A&O, 100.000. . . . 0 . t . 1, 1897 6s, J & J , 3 3 0 ,0 0 0 ....July 1, 1901 3*2S, A&O, 5 0 ,0 0 0 ....A p r. 1 ,1 915
----------J & J , 1 0 0 ,0 0 0 ....J u ly 1, 1902 3>as, A&O, 5 0 ,0 0 0 ....Oct. 1 ,1 9 1 5
4 s , A&O,
5 , 0 0 0 . . .A pr.,
1 9 1 8 4s, A&O, 100.000. . . . Oct. 1, 1898 6s,
Jan. 1,1899 6s, A&O, 90 5.00 0. . . . Apr. 1, 1903 3*23, J & J ,100,000....J a n . 1, 1916
4 s , J&J,
5 ,0 0 0 . . . J u ly ,
1 9 1 8 4s, J & j;i,0 0 0 ,0 0 0
4s,
A
&
O
,1,250.000.
..A
p
r.
1,
1900
8 .0 0 0 .
...J a n . 1 ,1 904
6s,
J& J,
3*cs, J & J , 7 5 ,0 0 0 ....July,
1916
4 s , A&O,
4 0 , 0 0 0 . . . Oct.,
1918
2 4 ,0 0 0 ....Jan. 1, 1901 6s, A&O,
38.000. ...A p r . 1, 1904 3 % s,A & 0, 2 5 ,000 ....O o t.,
•4s, J&J,
4 8 0 , 5 0 0 . . .Jan. 1 , 1 9 1 9 4s, J & J ,
1916
5
.000
.
.
..A
p
r.
1,
1901
6s,
J
&
J
,
161,000
.
.
.
Jan.
1 ,1 905 3*es, A&O,2 7 5 ,0 0 0 ....Apr. 1, 1917
4s,
A&O,
4 s , A&O,
1 6 , 0 0 0 . . . Apr.,
1919
10.000.
. . . Oct. 1, 19016s, A&O, 142,700....A p r . 1, 1905 3*as,J&J, 1 0 0 ,0 0 0 .... July 1,1 918
s, J&J,
3 ,5 0 0 . ..J u ly ,
1 9 1 9 4s, A&O,
8.000 .
.. .Jan. 1, 1902
6s, J-----& J,
4 4 ,0 0 0 ... July 1, 1905 3*as, MAN,1 3 0 ,0 0 0 .... Nov.30,1919
4s, J&J
4 3 9 , 5 0 0 . . . Jan. 1, 1 9 2 0 4s, J & J ,
6 .0 0 0 .
. . . 0 .t . 1 ,1 9 03*3S,
5
4s, J&J,
1 6 , 4 0 0 . . . July,
1 9 2 0 4s, A&O, 317.000. . ..A p r. 1, 1902 6s, A&O,
A&O,1 4 5 ,0 0 0 ....Oct. 1 ,1 9 1 9
6
2
7
.5
0
0
..
.
.
0
.t
.
1,
1902
6s,
.T&J,
8 2 .5 5 0 .. . . Jan. 1 ,1 9 0 6 3 *28, J & J,2 20,0 00... .Jan. 1. 1920
4s,
A&O,
4 s , A&O,
4 4 , 1 0 0 . . . Oct.,
1920
2 2 .5 0 0 .. .. Jan . 1, 1903 6s, A&O,
8 .7 5 0 ..
.. Apr., 1906
4s, A&O,
4 s , J&J,
5 0 0 ,0 0 0 ...J a n . 1, 1 9 2 1
3s, A&O, 2 0 0 ,0 0 0 .... Apr. 1, 1917
A & O , 500,000....A p r . 1, 1903 6s, A&O,
4 .0 0 0 . . . . 0 . t . , 1906
S u f f o l k Co u n t y D e b t .
3*23, J&J 5 0 0 ,0 0 0 . Jan 1, 1 9 3 7 j 4s, A&O,
8 .0 0 0 . .. Jan.,
1907
Court House Bonds—
P a r k L o a n o f M a t 2 0 , 1 8 9 1 — I 4s, A&O, 2 5 1 ,0 0 0 ....Oct. 1, 1903 6s, J & J ,
500.000.
...J
a
n
.
1,
1904
5
.0 0 0 . . . . Apr., 1907 4s, A&O, $ 7 0 0 ,0 0 0 ....Oot. 1 ,1 9 1 8
6s, A&O,
4s, J&D, $700,000___ June 1, 1921 4s, J & J ,
9 7 .0 0 0 . ..J u ly 1, 1904 6s, J & J .
1 .0 0 0 .
. . . July, 1907
4s, J&J, 4 0 6 ,0 0 0 ... .July 1 ,1 9 2 2
4s, A&O, 200,0 0 0 ....Apr. 1 ,1 922 4s, J & J ,
50.000. . . . Oct. 1,1904 5g, A & O ,£ 3 9 9 ,5 0 0 ....O c t. 1 ,1 902 3*28, A&O,800,000___ Oot. 1, 1919
4s, A&O, 3 0 1 ,0 0 0 ....O ct. 1 ,1 9 2 2 4s, J & J,
LOANS—
When D" e- I
“ M is c e l l a n e o u s ” L o a n s —
4s,J&J,
4s, A&O,
4s, J&J,
4s, J&J,
4s, A&O,
4s, A&O
4s. J&J.
4s, A&O,
43, A&O,
4s, A&O,
4s, A&O,
4s, A&O,
4s, A&O,
4s, J&J,
$ 57 4,00 0... Jan. 1 .1 9 0 0
670,000. . . Oct. 1, 1900
4 6 0 .0 0 0 ...Jan. 1,1 901
25,000... Jan. 1, 1902
90.000 .. Oct. 1, 1906
145,500. ..O c t .1 5 ,1906
60 6,00 0... Jan. 1. 1907
1,599,7 2 5 ...A p r. 1, 1912
1 ,1 6 4 ,1 0 0 ...A pr. 1, 1913
1 ,3 5 0 ,0 0 0 ...Apr. 1. 1913
5 9 9 .3 0 0 ...Oct. 1, 1914
367,000. . . Apr. 1, 1915
4 0 1,500. . . Oct. 1, 1915
1,1 15,2 00...J an . 1 ,1 9 1 6
Pa r k L o a n
of
M a y 2 0 .'9 1 —Con.
4s, J & J . »250 ,0 0 0 ....Jan .
I 4s, J & J , 5 0 0 .0 0 0 ....J u ly
| 4s, A & O , 450,000------Oot.
Is, J & J ,
99,000....J a n .
| 4s, A 0,1,000,000 . . . Oct.
1, 1923
1, 1923
1,1923
1, 1924
1, 1924
N E W LOANS.
N E W LOANS.
BI DS FOR B O N D S .
$ 3 5 0 ,0 0 0
Consolidated Sinking Fu n d Bonds
or T H E
CITY OF CINCINNATI, 0.,
3.65 % 4 0-Y ear Gold Bonds.
Proposals are solicited f o r th e purchase o f $3,661,000 or cou p on o r registered bon d s o f th e City o r Cin
cinnati. Ohio, to b e issued to pay. under an option o f
redem ption , the am ounts respectively ou tstanding
o f the follow in g issues o f C incinnati b on d s: $500,000,
$ L8.000. $17,000. $23*,00O. $237,000. $2,000,000, $700,000.
T h e bonds will be dated F ebruary 1st, <897. will
m ature at th e end o f fo rty years fro m th eir date,
w ith interest at the rate o f 3’o5 per ce n t per annum ,
payable sem i-ann ually each A u gu st I s la n d F ebru
ary 1st, and will be $1,(X0, $500 o r $100 pieces, or
registered in the sum o f $1,000 o r any m ultiple
th e r e o f aa bidders m ay desire. P rincipal and inter
est will be payable in New Y ork City in g o ld co in o f
the U nited States o f A m erica o f the present stan d
ard o f w eight and fineness.
A ll bids must p rovid e f o r the paym en t o f accrued
in terest from February 1st. 1897. to date o f delivery
Of bonds.
Bids must b e in writing, signed by the proposer and
be deliv ered sealed at the office o f th e T ru stees o f
the Sinking Fund o f th e City o f Cincinnati, City H all,
C incinnati. O hio, by o r b e fo r e h a lf past tw o o 'c lo c k
o f the a ftern oon o f M onday. M arch vDtb, 1M>7.
T h e sealed en v elop e con tain in g bids m ust have en
dorsed on the ou tsid e "B id s f o r B onds.”
Each bid m ust be accom pan ied by a certified ch e ck
Tor on e per cent o f th e par va lu e o f bonds bid fo r;
said ch eck ruusi be payable to ilie o rd e r o f " T h e
T rustees o f the Sinking Fund o f the C ity o f Cincin
nati, O h io,” w ithout con d ition s, and m ust be drawn
u pon an Incorporated bank or trust com pany loca ted
Id the City o f C incinnati. B oston or New York.
Bidders are requested to read th e advertisem en t
ca refu lly , as n o bid will be con sidered th a t is not
c le a rly expressed and does n ot s trictly co m p ly with
all o f th e a b ov e c c n oltion s . T h e bonds are to be
Issued under a u th or... o f Section *729 o f the R e
v ised Statutes o f O hio, as supplem ented by Sections
27^9 G, 2729 H . 2729 I. M arch 20th, 1896-02 O hio
Laws, page 94—and this advertisem en t Is m ode In
com p lian ce with S ection 2709 o f said O hio R evised
Statutes—*0 O hio Laws, page 168.
Paym ent f o r and delivery o f bonds m ay b e at the
Third N ational Bank o f Cincinnati o r at th e A m eri
can E x ch a n ge N ational Bank o f N ew Y ork, as
bidders may designate; paym ent will be required
upon d e liv e iy o 'b o n d s and such de liv e ry o f bon d s
will be m ade In Installm ents corresp on d in g to o n e or
m ore o f th e outstanding am ou n ts o f th e issues o f
bonds t o be paid, and n ot later in anv case than ten
days b e fo r e such issue or issues b e co m e payable to
th e holder* th e r e o f under the call m ade by th e city
th erefor. T h e net am ounts o f the Issues outstund
Ing are $495,500, $236,0 0, $226,6oO, $L090.DV0, $700000, corresp on din g to th e am ount o f th e bonds offered
fo r sale under this advertisem en t.
T h e ch ecks o f unsuccessful bidders will be Im
m ediately returned to them b» the T rustees through
th e m all, unless ot herw ise requested by bidders. No
in te re s t w ill be allow ed on the ch e ck o f th e success
fu l bidder, proceeds o f w hich will be applied tow ard
paym ent fo r bonds.
T h e T rustees o f the Sinking Fund reserve th e right
to reject any nr all bids, and t o acce p t such bln or
bids as rany seem to them the m ost advantageous to
t b e c t ty .
By order o f th e T rustees o f th e Sinking Fund o f
he City o f Cincinnati, O hio, this February 23d, 1897.
A ttest:
JU L IU S D E X T E R .
LOUIf CARROLL, Clerk.
President,
INDIANAPOLIS
PARK IM P R O V E M E N T
BONDS OF 1897.
DEPARTMENT OF FINANCE,
O f p ic e o f tick C i t y C o m p t r o l l e r ,
In d ia n a p o l is , Ix d .
Sealed bids will be received by th e City o f In d ia n
apolis, Indiana, until W edn esda y, th e 31st day o f
M arch, 1897, at 12 o ’ clock M. fo r th e w h ole o r a y
part o f 8 3 5 0 ^ 0 0 0 Indianapolis Park Im p ro v e m e n t
B on d s o f 1897 o f said City. Said bonds will b e desig
nated " Indianapolis Park Im provem en t B on d s o f
1897 ” ; will b e dated A pril 1,1897, and be o f th e d e
n om in ation o f $ 1/00 e ach , w ith in terest c o u p o n s
a tta c h e d ; will bear Interest at th e rate o f fo u r (4)
per cen t per annum , payable sem i-an n u ally on the
first day o f January and first day o f J u ly o f each
year. T h e first cou pon on each bond to be f o r th ree
m o n th s’ Interest on ly, o r from A p ril 1st to J u ly 1st
1897. T h e principal is payable on Jan uary 1st, 1927^
and b oth principal and interest are payable at the
banking house o f W in slow , Lanier & C om pany, N ew
Y ork City. Bids fo r the purchase o f said bon d s
should be endorsed ** Proposals f o r Indianapolis
P ark Im provem en t B on ds” , and directed t o t b e City
C om ptroller, Indianapolis, Indiana. Bidders may
bid f o r all o r an y part o f said bond s.
T h e proposals w ill be o pen ed b y th e C ity Com p
troller. at his office, on the 31st day o f M arch. 1F97,
betw een tb e hours o f 12 o ’clo ck M. aud Z o ’clock
p. M „ and said C om ptroller will th ereupon aw ard
said bonds, or, if be shall see fit. a part or any num ber
th e r e o f, to th e highest and best bidder t h e r e fo r ; but
said City C om ptroller snail have the fu ll rig h t to
r e je c t any and all bids o r proposals, o r an y part
th e re o f, and shall h ave th e right t o a ccep t a part o f
any bid, and to award upon any bid th e w h ole o r any
less num ber o f bonds covered by such bid, he being
the sole Judge o f the suffic ien cy o r insufficiency o f
any bid, exceptin g only that n o bond shall b e sold at
less than par and accrued interest, l i e m ay also in
his ju d gm en t and discretion award a i art o f said
bo n d s to on e bidder and a part t o another.
Each bid shall be accom panied by a certified check
upon som e responsible hank o f th e City o f Indianap
olis, Indiana, payable to th e order o f W illinm H.
Schm idt, C ity Treasurer, fo r a sum o f m on ey equal
to tw o muU one h alf
per ce n t o f the face o r par
value o f tb e bonds bid f o r o r proposed to be pur
ch ased. T h e bon d s awarded will be deliv ered at the
banking house o f W inslow . Lanier & C om pany, in
th e City o f New York, on the 10th day o f A pril. 1897,
and tb e su cce ssfu l bidder o r bidders shall take the
bonds awarded to him or them , and his o r their
om ission, neglect, o r refusal so to do shall be a breach
o f the con tract o f his bid o r proposal, on acco u n t o f
w hich dam ages shall be retained o r re covered as
liquidated and provided in th e ordinance co verin g
this Issue.
, ,
,
Said bonds are offered fo r sale under and by virtu e
o f G eneral O rdinance No. 13, 1897. passed by the
C om m on Council on the 1st day o f M arch, 1897, and
app roved by the M ayor on th e 4th day o f M arch,
E. M. JOHN SON .
City C om ptroller.
N E W LOANS.
SsjS
Ci t y
3 0 ,0 0 0
of P R O V I D E N C E
LOAN.
O f f ic e o f t h e C i t y T r e a s u r e r , )
P r o v id e n c e , R. I., M arch 10,1897. J
Sealed proposals addressed to D . L . I>. G r a n g e r
C it y T r e a s u r e r , P r o v i d e n c e , I t . I , , each
en dorsed “ P roposals f o r L o a n .” w ill b e re ce iv e d at
this office until 12 o ’c lo c k M ., Thursday, M arch 25,
1897, f o r th e w h ole o r any part o f th e fo llo w in g loans
t o th e City o f P ro v id e n c e :
W a te r L o a n : T w o hun dred and fifty thou san d
dollars ( $ ‘2 5 0 , 0 0 0 ) on b o n d s o f said city.
Sew er L o a n ; T h ree hundred thousand dollars
( $ 3 0 0 , 0 0 0 ) o n bo n d s o f said city .
H igh w a y L o a n : F iv e hun dred th o u sa n d d o lla rs
( $ 5 0 0 , 0 0 0 ) o n b o n d s o f said city.
S ch ool L o a n : F ive hun dred thousand dollars
( $ 5 0 0 , 0 0 0 ) o n bon d s o f said city.
T h e a b o v e series o f bon d s w ill b e dated A p ril 1
1897, w ill b e co m e due A p ril 1,1927, and will bear in
terest at th e rate o f fo u r (4) per centum per annum
payable sem i ann ually in A p ril and O ctober. B oth
principal and in terest will be payable in g o ld co in o f
th e U nited States, equal t o present va lu e o f fineness
and w eight. E ither cou p on o r registered bonds, as
desired, will b e issued, and co u p o n bon d s m ay at any
tim e th e re a fte r be co n v e rte d in to registered bonds
T h e principal and in terest o f c o u p o n bon d s w ill be
payable at th e T reasu ry in P ro vid e n ce o r a t th e
N ational City Bank o f N ew Y o rk . B o n d s w ill be
ready fo r d eliv ery A pril 1,1897.
P roposals sh o u ld sta te w h eth er b id is eith er fo r
th e w h ole o r any less p o rtio n o f said loans, o r fo r
both, and sh ou ld b e acco m p a n ie d w ith a certified
ch equ e, payable to the order o f th e C ity Treasurer
f o r tw o per cen t o f th e total am ou n t o f the bid.
Further in form a tion can b e obtained o f th e un d er
signed. T h e rig h t is reserved to r e je c t any and all
b id s.
D . L. D . G R A N G E R ,
C ity Treasurer.
GOVERNMENT
and
MUNICIPAL BONDS
B ou gh t and Sold.
N. W . H A R R I S
*5$.
& CO;
BAN K ERS,
CHICAGO.
15 W A L L S T R E E T .
BOSTON.
-
NEW Y O R K .
THE CHRONICLE,
582
j,'
sessor*’ valuation for (lie preceding live years, tho valuation year
to year being lirat reduced by all ulnttoiuertts.
8 C M O I.K C oU S T Y 1
—
Wlt' n ih>t lj Court
llmiflc Bcmils— icon,)
LOANS-
J*l%»«UE out'*TT B W .
i'.t i t l l u u .v B i 'm l , - i C o u J
*»
t .\ o , * 7 5 ,0 0 0 . - . -O o t, 1 ,1 0 2 3
S3.. \.fO.stk>3,000.. .O f!. 1,1806
1i f 17,TOO due veiirlj'i UiOct. 1,1935
Suction 2—Provides that the limit Of iudebteduess o f the o ily o t
Boston shall hereafter be 2*2 per vent until January 1. I $87, and there
after shall he 2 per cent on tin* average valuation prescribed In section
1 o f tills act.
M t s C U t t iS K O C # H d S llS —
iO,O00...... July 1.1024
I s .J A J ,
3V*. 4*0,800,000---- Apr. I, 1037
3W , J A 3,100,000__ July t, 1038
701,000 ..... Jan.,
1890
IN T E R E S T " « -.*»>• -u*rttmsW8in*t'* pultl By B aric - Brotiters A Co.,
l.
mly.ptWn; »u ntfcnr
By City Trousurer lu Boston
T O T A L D E B T . -The iulijolned atnt«im»nt8hoivs Boston's total detot,
t,..
o f « lik a it . - mu.lo up, uinl Uio sinking fund, held toy the city
against Uu .cue. ml the date* imlivuteil.
Feb, 1. t8D5.
ft/,. 1,1890
f t I,. 1,1897.
837,890,691
813,780,300
! :r . ..fht proper ............ .. .$49,903,320
17,761,274
18,201,274
. ... i.iiuatc w n te rile b t.... . . 18,201,271
3,082,000
3,665,000
t.V n n tv d e b t . ___ . . . . — . . . .
3 ,6 4 8 ,0 0 0
T,,ial bonded d ebt........ 771,902,600
23.3e7.577
7 (skin • funds. Jtc..........
765.665.771
24,324,087
$59,333,965
22,201,541
.Net d e b t ........................ 7-16,535,013
741,341,207
$37,131,424
T-.:« following table shows the am ount o f the gross funded debt,
itsnSi’ uc funds and the net debt o n Feb. 1, for the last seventeen y e a r s:
Tear*.
Gross Debt.
Sinking fu n d s.
Met Debt.
$46,535,013 44
$25,367,587 13
771.902,600 57
1697
41,341,206 71
24,324,506 93
05,668.774 04
1890
37,733,811 21
21,604,153 72
59,337,984 93
1895
33,936,238 Oil
20,482,297 00
51,418,535 00
1694.
31,430.466 00
25,477,682 00
56,908,143 00
1893
30,520,260 00
25,483,737 00
50,003,997 00
1893
31,721,985 00
24,139,995 00
55,861,980 00
1891
31,424,496 50
22,505,598 72
17 SMI
53,930.095 22
28,099,828
53
21,820,646 70
49,920.475 25
1889.
27,706,548 69
21,287,254 76
48,993,803 45
1777.
26,853,151
78
19,946,810 04
46,790,962 72
1887
25,218,888 53
43,627.322 04
18,409.433 51
24,939,695 77
18,022,484 25
42,962,180 02
1775------26,708,797 83
16,476,871
22
43,185,869
07
1874.......
25,027,562 69
41.17.1,358 12
16,156,795 43
1673.......
21,116,082 67
15,633,229 37
40,079,312 04
26,137,482 99
14,511,849 19
40.949.332 18
1881.......
D E B T L IM IT A T IO N S.—The general provision as to debt, lim ita
tion which applies only to Boston is found In the Supplement to the
lb;':,. , statute# nf Massachusetts, Laws o f 1885, Chapter 178. The
;,*■* i- entitled ‘•An u-t to limit the m unicipal debt of, and tlic rate ot
■■taxation in, the city o f Boston.”
m « r io s 1—Provides that the taxes exdn stve o f State tax and of
min-, repaired bv law in l>e raised on areuimt o f the city debt, shall
. . . . . . er.-.l ill uiv ill" tear $'.i on i-very $1,000 o f the average o f the as
NEW
LOANS
TARRYTOWN.
$ « o , O
N. Y.,
4 SCHOOL BONDS.
Tho foregoing limitation is o f course exclusive *>t debts created fo r
w ater supply.
A nother exception is found in Laws o f 1S86, Chapter 304—which act
authorizes a loan for $500,000 each year to a total am ount not to
exceed $2,500,000, for tho construction o f n public p a r t. S ection 4 o f
this act provides t hat flic debt authorized shall not be included within
the lim it tlxed by section 2, chapter 178 above cited.
A further exception is found lu Laws o f 1887, Chapter 312, w hich
authorizes $ 100,000 bonds issued fo r the purpose o f paying for lan ds
already acquired for p ublic parks adding (in suction 3) that tile
debt authorized shall not be included within the lim it fbted as above.
Still another exem ption to this debt lim itation is found lu Law* o f
1888, Chapter 392, w hich a ct authorizes, fo r the purpose o f purchase
ing such additional lands fo r ft* p ublic parks ns the Park Comm ission
ers shall deem necessary, the issue o f bonds not exceeding $ 0 00,0 00,
adding that this issue o f bonds shall be considered outside the debt
limit itxed as above.
In addition to the foregoing, which cov er special authorizations o f
bond issues b y the legislature fo r park purposes, ho,, not Included la
the d ebt lim it, there a r e a number o f other Jaws, o f which w e m a k e s
brief m ention below.
Chapter 101 L aw s o f 1887 and Chapter 288 Laws o f 1892 authorzed loans for the Suffolk C ounty Court House.
Chapter 282 L aw s o f J&.87 authorized $250,000 fo r New H arvard
Bridge.
Chapter 394 Laws o f 1887 authorized not exceedin g $75,000 for S tony
B rook Sewer.
Chapter 32 3 Laws o f 1889 authorized n ot exceedin g $500,000 to ex
tend im proved sewerage system.
Chapter 68 Laws o f 1889 authorized $1,000,000 to com plete the new
Public L ibrary building.
Chapter 254 Laws o f 1889 authorized not exceeding $75,000 to exteDd
West Chester Park to H arvard Bridge.
Chapter 283 Laws o f 1889 authorized $500,000 for extension, h o .,
of Congress, Oliver and otlieretreets.
N E W LOANS.
jilH O .O O O
[VOL. LXIV,
U
O
__
NEW LOANS.
WHANN& SOHLESIN&ER
FLAG STAFF, AR1Z,
6:t Water Works Bonds.
MUNICIPAL
O f f ic e o f T o w n Cl e r k ,
Sealed proposals will b o received by th e Clerk o f
t b « li .a r d o f E d ucation o f U nion F re e S ch ool, D is
trict No, I , Town, o f G reenbunzb, W estch ester 06*-'
S, V * «& his office t o t h e V illa ge O f Tarrvtown,.. W e s tctjcMfcr O x . X. Y.. h a u l M arch ‘.17th, 1897. at 2 o 'c lo c k
to ib e aftern*»on. fo r th e purchase o f E ighty-ulne
t.*£>i bond* o f wild Sch ool D istrict, t o b e issu ed f o r
th e erection, o f tt new S ch ool Building.
T b « h-nad* «*> u» h e *>»I& eonsiJt m f o llo w s :
p 1It^T-Siaay$nliae 0$ ) han ds o f o n e thousand
doUtiw
eseli. dated Awrll 1st, 1837, bearing
iniere«t at the rau* o f fo u r per cen t per annum from
that date, InU‘tm£ payable on th e first days o f
Detetx-r and A p ril In each year.
T h e firmcipal o f said b on d s t o be payable as f o l
low# ; T h re e thou san d dollars ($3,060) o n th e first
day o f Oetetoer In ea ch year until said b o n d s shall be
fnlljr r**d.
£ E<’ ON Bh- T w enty IkuhJs o f on e thou san d dollars
It.oboi each, d a te d April K , 1^07, bearing interest
at th e rate o f f o u r per ce n t per annum fro m th a t
d a le, in terest payable on the first d ays o f O ctober and
A put to each year.
T h e principal o f raid lasf incnrionm l bonds to be
payable m fo llo w 0 : F iv e th ou san d dollars <$S|000)
BONDS .
Sealed bids will be received by the Town Clerk of
the town of Flagstaff, Arizona, up to two (2) o'clock
P. M. Monday, March 29th, 1897, for the purchase of
sixty-five thousand ($-- 5,000) di .liars worth of six per 2
W A L L S T ItE E T .
NEW Y O R K .
cent thirty (30) year bonds of $1000 each ; said bonds
are dated March 1st, 1507, bearing interest from
March 1st, 189-, at the rate of six (6) per cent inter
est, payable semi annually, July 15th and January
lanchard
Ifith o f each year, at some bank In the City of New
York, to be agreed on and designated In the face of
B A N K E R S.
the bonds.
First interest coupons will be due July loth. 1897.
These bonds were voted by the citizens of Flagstaff
for Water Works in strict conformity with the laws
o f the Territory of Arizona, and according to an Act,
B O U G H T A N D SO LD .
No. 8576, passed by Congress and approved by the
President of the United States, and in perfect accord
D e v o n s h ire B u ild in g .
wit3) every legal requirement of the charter of the
town o f Flagstaff; The town reserves the right to i « State Street, B o s to n , Mass.
reject any aod all bids. A certified check of’live (5) per
cent to accompany each bid. Said bonds to bo pay
able in lawful money of the Un il t*d States of America
M U N IC IP A L BONDS.
and shall not be sold for less than their par value.
R W. SMITH,
Clerk of the Town of Flagstaff.
•f.
first day of October to each of the years tlj2tv
BANKERS,
Dated Flagstaff , Am ., Feb. 18th, 1897.
im i, ISSS and W$$,
MrLLs
Chicago D ra in a g e ......... ........................
Dew lUotuea, la , (S ch o o l)-. — ... ......
IjfftPMtft.
M uskegon, M ic h ............. ......... . . . .......
Ptifiimr particulars m ay be obtained o f W . .f^ South O m aha, N e b ra s k a .,....... .................. 7n
Coins#*!, No, id W all Street,- N ew Y ork
Ashland* W is . (G o ld )... ... ................
W e s t C h ic a g o S t. l i l t , ( T u n n e l) ...,. . . . . . . . 3 b
F irs t M o rtg a g e,
Clerkof Board, Tarrytown, X*. Y,
F O R BALE
iUBLIC SECURITIES
SUITABLE Full
Farson,
C U IC A tiO .
115
jj
Wuli St
M ORTGAGE LOANS
IN
BY
T EX A S.
In te rce t 7 P e r Cent N et.
17J L u S a lle
C U IC A H O .
NO COMMISSIONS charged borrower or lender
until loans have proven good
F R A K C R S S M I T H & C O .,
8A FID INVESTMENTS.
S E M I F O It L IS T
City and C o u n ty Bond s,
Leach & Co.,
D IE T Z , DENISON & PRIOR,
S E W V O K It,
aesmrboru*t.
L IS T * S E N T UPON A P P L IC A T IO N .
BANKKKH,
BOSTON ,
LISTS MAILED ON’ AI’ I’ Lf ( ATI ON
;21 Devonshire Street,
BO STO N.
MASON, LEWIS & CO.,
3 1 S t a t e S t .,
SAVINGS BANK AND TRUST
FUNDS.
,
E. C. STANWOOD & Co.
T h e Board, rwownre* th e right to r e je c t any and all
K. IlE B H lfE E P U R D Y ,
B
MUNICIPAL BONDS
to 4* m ay be fo r th e w h ole o r an y p a n o f said
G if.
&
3 5 CO S L U M S * s T I tE E T , - BOSTON ,
4 0 9 S u p e rior S treet, C le v e la n d O.
S A N A N T O N IO . T K X A H .
James N. Brown & Co.,
BANKERS
0*3 C e d a r S t r e e t ,
-
-
NEW
YORK
m u n ic ip a l , c o u n t y , sc h o o l a n d
TOWNSHIP BONDS
BOUGHT
AND
SOLD,
THE CHRONICLE,
March 20, 1887. j
Chapter 271 Law s of 1890 ana amended chapter 441 Law s of 1890
authorized $200,000 for public p a rts in Charlestown.
Chapter 301 Law s of 1891 authorized $3,500,000 for parts.
Chapter 324 Laws of 1891 authorized $1,000,000 for library.
Chapter 323 Law s of 1891 authorized loans for highways.
Chapter 288 Laws of 1892 authorized $100,000 for Co. Ct. House.
Chapter 478 Laws of 1893 authorized $2,000,000 for subway.
Chapter 548 Law s of 1894 authorized $7,000,000 for rapid transit.
Chapter 408 Law s of 1895 authorized $500,000 for schools.
583
Tw o per cent on $927,838,628 (average valuation for
five years, less abatements)..................................................$18,556,772 56
N et debt, as above....................................................................... 16,936,825 60
R ight to
acts of
R ight to
acts of
borrow Ja n u a ry 30, 1897, under chapter 178
1885............................................................................... $1,619,946 96
borrow Ja n u a ry 30, 1897, under chapter 93,
1891, estimated.......................................................... 1,314,38114
Bonds to the amount of $1,311,500 inside of the debt lim it have been
authorized, b ut are not yet issued.
A S S E S S E D V A L U A T I O N . — Th e city’s assessed valuation of real
estate and personal property and tax rate, at different periods, have
been as follows:
A ssessed V alu a tion.. ---------------------- nM ate o f Tax
Outside
S ea l.
Tears—
P erson a l.
Debt Limit.
Total.
p er $1,000.
$
$1,300,000
$
$
$
770,261,700
210,990,726
1896.......
981,252,426
1290
744,743,550
206,618,969
3,700,000 1895.......
951,362,519
12-80
723,728,750
1894.......
204,363,706
928,092.456
12-80
707.762.275
216,331,476
500.000 1893.......
924,093,751
12-80
680,279,900
213,695,800
470.000 1892.......
893,975,700
12‘90
650,238,375
204,827,700
1,975.000 1891.......
855,066.075
12-60
619.990.275
202,051,525
400.000 1890.......
822,041,800
13-30
593,799,975
201,633,769
150.000 1889.......
795.433,744
12-90
563.013.275
188 8.......
201,439,273
764,452.548
13‘40
547,171,175
200,471,342
18 8 7 .......
747,642,517
13-40
517.503.275
1 8 8 6 .......
193,118,060
710,621,335
12-70
437.370.100
1 8 8 0 .......
202,002.395
639,462.495
15-20
365.593.100
1 8 7 0 .......
218,496,300
584,089,400
15-30
Th e tax rate for 1896 includes the State ta x $0-58 per $1,000; the
county tax, $0'84: the oity tax proper, $11-48, including $2-32 for
schools; total per $1,000, $12-80.
N E W LOANS A U T H O R I Z E D . — Th e follow ing is a sum m ary of
loans authorized but not issued as of Ja n u a ry 3 0 ,1 8 9 7 :
Inside
Purpose o f Issue—
Debt Limit.
Additional supply of w ater......................................................
Charlestown B rid g e ............................................... $600,000
Rapid ira n s it................................................................................
S ch o o l h o u s e s ...............................................................
4 0 0 ,0 0 0
Public parks................................... .............................................
N e w ferry landing........................................................................
South Union S ta tio n ..................................................................
StODy B ro o k im p r o v e m e n t ............................................................
Layin g out and construction of highw ays-----Various m unicipal purposes, N o v. 4, 1896,
$270,500:
F ire Departm ent................
P ark D epartm ent................................
Public <;rounds Departm ent...........................
Street D e partm en t.......................................
Mieellaneous..........................................................
K re -b o a t.....
Massachusetts H isto rical Society building.
15,000
124,000
6,000
113,400
12,100
16,000
25,000
Totals................................................................... $1,311,500
$8,495,000
B O R R O W IN G P O W E R .— Th e city’s borrow ing power Ja n u a ry V
1897, Is shown in the following statement:
To ta l debt, city and oounty...................................................... $71,902,600 57
Less speoial loans (outside of lim it).......$21,255,000 OO
do county loans (outside of lim it)...... 2,921,000 00
do Cochituate water debt........................18,261,273 98
To ta l deductions.................................................................. 42,437,273 98
To ta l debt less above deductions...........................................$29,465,326 59
8inkingfunds,iess$12,839,08614 held for loans deducted
as above (w ater loans, etc.)................................................... 12,528,500 99
Net debt, excluding debts outside of lim it.................. $16,936,825 60
N E W LOANS.
NEW
C IT Y OF
NEW
YORK
3H PER C E N T
GOLD BONDS.
P O P U L A T I O N . — State census, 1895, was 494,205. In 1890 popu
lation was 448,477; in 1880 it was 362,839; In 1870 it was 250,526.
Cascade County, Mont.— T h e following statement has been
corrected to Jan. 1, 1897, by means o f a special report to tbe
C h r o n i c l e from A. E. Dlckerman, Treasurer.
County seat is Great Falls.
LOANS—
W hen D u e.
To ta l debt Ja n . 1 ,1897 . $340,000
Cash and sinking fund.
136,360
T a x valuation, real....... 8,635,661
C o u r t H o u se S i t e —
T a x valuation, person'l 2,225,387
7s, J A J , $20,000.........J u ly 1,1911 To ta l valuation 1896 . .10,861,048
F u n d in g B o n d s Assessment is 2 5 actual value.
68, J & J , $60.000.........Jan . 1, 1899 To ta l ta r (per $1.000)......... $12-50
(part each year) 1904 and 1909 Population in 1890 w as....... 8,755
6s, J & J , $150,000....... Jan . 1.1912 Population in 1897 (about).20,000
B r id g e Bonds -
78, J & J , $110,000....... J u ly 1, 1911
LOANS.
M ISC ELLA N EO U S.
S 7 5 .0 0 0
CRIPPLE CREEK, COLO.,
Herkimer Mohawk Hion &
Frankfort Electric Ry.
the leading gold-mining region In the U. 8., with
nearly 300 eaying mines, producing $1,000,000 oer
month; populationof town,20,500; of district.40.000,
is yet in Its infancy. The bi/; profits come from developing mining claims and advance in values. 1
offer undeveloped claim, near shipping mines, 8 to,GOO;
can let and bond at *30,00o. Five-sixths of stock ito
company owning 19 acres choice location. 820.000;
can bond at 870,000. 81.900 buys lease, dow workng. heart of district, with bond for claim at 840.000.
Half interest in claim 81.500; $600 procures Patent
and gets one-third interest in another; both fair loca
tions.
Partly developed mine, shipping and paying, has
produced 850,000; price f 150,000.
T1
„ m _
S. M. SMITH. P. O. Box 1699.
Room 1, First National Bank Building,
FIRST MORGAGE, GOLD 5% BONDS,
B on d Isa n e , 8 1 3 0 ,0 0 0 .
C a p it a l 8 to cU , $ 1 5 0 ,0 0 0 .
DUE NOVEMBER 1st. 1916.
INTEREST PAYABLE JAN. 1st AND JULY l « .
Executors, Administrators, Guardians and others
holding trust fund9 are authorized by an act of the
New Vork Legislature passed March 14,1889. to in
vest in these bonds,
PRICE AND PARTICULARS ON APPLICATION
This road has been paying dividends of 6%on its
stock and earning about 9% for 18 months.
Price and special circular on application.
Rudolph Kleybolte & Co ,
421 CHESTNUT STREET.
PHILADELPHIA.
HANKKRH
Northwest cor. of Third and Walnnt- Streets,
and 4 3 W a ll S tre e t,
N ew
80 BROADWAY
NEW YORK.
c / L c C / o ^ e e ,
Y ork .
B A N K E R S.
IN V E S T M E N T S
B A N K ERS,
1$
FOR
New York Savings Banks. M U N ICIPA L BONDS.
City of Cambridge, Mass.,
•
City of Cleveland, Ohio,
• •
4g
4s
34 NASSAU STREET.
M IL K
.
.
ST R E E T.
.
.
M ASS.
5s.
C ity o f T re n to n , N. J.,
R e g is t e r e d
5S GOLD
FUNDING
,
(REGISTERED OR COUPON.)
D a ted J a n . 1 5 , 1 8 9 6 .
D ue Jan . 15, 1946.
(Option of payment after 20 years.)
D E N O M IN A T IO N
Y O R K .
MEMBERS OF NEW YORK STOCK BXCHANG
Allow Interest u deposits subject to sight chec* •
Buy and sell on commission stocks^and bonds e i t h e r
for cash or on margin, and deal in
w
.
m.
Kidtobu
B A N K E R S ,
DEALERS IN M UNICIPAL BONDS,
Territory of Arizona
R egietered 4 * .
AUTHORIZED INVESTMENTS FOR 8AVINGS
BANKS IN NEW YORK STATE.
BONDS
OF THE
4s.
C ity of Fall R iver, Mass.,
N E W
E s ta b lis h e d 1 8 6 5 .
W. J. Hay es & Sons,
$ 2 7 7 ,0 0 0 .
C o u n ty of R ockland, N. Y.,
R e g is te r e d
S T R E E T ,
H. J. M o r s e . Ch as . D. Marvtv .
E. H. R O LLIN S & SONS,
1 »
W A L L
Investment Securities.
A full description of either of these issues, with
prices, will be mailed on application.
BOSTON .
Cripple Creek Colo.
W . N. Coler & Co.,
C IN C IN N A TI, O.
41
E D W D . C . J O N E S CO.
-
8treet Railway Bonds, and other high-grade In
vestments.
B O S T O N , M A S S .,
7 Exchange Place.
C le v e la n d , O h io ,
3 1 1 -3 1 3 S u p e rio r S t.
Cable Address, "KEN NETH .”
SECURE B A N K V A U LT S
$ 1 ,0 0 0 .
I n t e r e s t p a y a b le J a n . a n d J u ly 1 5 .
Principal and Coupons payable at the
QFNUIM E
Prices und Particulars on Application. Guaranty Trust Company of New York. WELDED CHROME STEEL AND IRON
C. H. W H IT E &, CO ,
B A N K E R S ).
B ro a d w a y , N ew
Y ork .
Round and Flat Bar* and 5 ply Plates and Angles
FOR SAFES, VAULTS, &c.
Cannot be Sawed, Cut or Drilled, and positively
Burglar Proof.
CH RO M E STEEL W O R K S.
Kent Ave., Keap & Hooper Sts.
S T R E E T , C H IC A G O ,
| Sole Man T e n in the U. 8JI B R O O K L Y N . N .’ Y .
For prices and particulars address
A. C. FRO ST & CO.,
108
M
S A U fE
THE CHRONICLE.
584
fVoi>. LXIV
gfrust Companies.
Trust C om pan y United Jtates Trust Co.
Union
OF S E W Y O R K .
N o t. 4 5 <f 4 7
80 Broad war* New York.
C A P IT A L ,
zrR P L U S ,
a u t h o r iz e d
to
a c t
C A P I T A !. A N D S U R P L U S ,
$11 ,50 0 ,00 0 .
C A P IT A L ,
$5,233,000
This Company is a legal depository fo r moneys
paid into Court, and is authorised to act as Guardian,
Trustee or Executor.
S U R P L U S ,
a s
AND IS
A LE G AL DEPOSITORY FOR M ONEY.
ACTS AS TRUSTEE OF MORTGAGES OF
CORPORATIONS and accept* the transfer agency
aod registry o f stocks.
A IT O W S IN TEREST ON DEPOSITS, which may
he made at any time, and withdrawn on fir© days'
notice, with Interest for the whole tim e they remain
with the company.
For the convenience o f depositors this company
also opens CURRENT ACCOUNTS, subject, in ac
cordance with its rules, to check at sight, and allows
Interest upon the resulting dally balances. Such
cheeks pass t hrough th e Clearing House.
Attends specially to the
MANAGEMENT OF R E A L ESTATE
and to the collection and remittance o f rents.
It makes ample provision in its
B U RGLAR A N D F IR E PROOF VAULTS
for the safe-keeping o f securities placed in its cus
tody. on which it collects and remits income.
E D W AR D KING. President,
CORNELIUS D. WOOD,
t
JAMES H. OG2LVIE,
\Vice-Presidents.
AUGUSTUS W K E LLE Y, S
J. V. B. T H A Y E R . Secretary.
E. R, M ERRITT, Assistant Secretary.
C. G. RAW LINGS. Trust Officer.
York
Security
&
Trust Company,
♦6
W A L L
S T R E E T ,
N E W
Y O R K *
C a p i t a l, S I ,0 0 0 , 0 0 0 |S u r p lu s , 8 1 , ‘2 5 0 , 0 0 0
CHARLES 8. FA IRCH ILD, President.
WM. L. STRONG. 1st V lce-P rea
A BR A M M. H Y A T T . 2d Vioe-Pree.
OSBORN W . BRIGHT, Secretary.
ZE LA H V A N LOAN. Aset. Secretary.
«aiDoriy.ea to act aan
s executor
Author!red
executor, trustee, admmlatra—. agent
*—
j receiver.
t gr. guardian,
and
receive
Receives deposits subjectt to .sight drafts, allowing
■uterest- A 1egaS
depositoryfor
forcourt
•
------------------y
and trust funds.
A designated depository for the reserve o f State
' u Accc
~-x- o f banks
------ "and* 'bankers
*
” “ *
ccounts
solicited
TRUSTEES,
a Fairchild,
H. Appleton,
Wm. L. Strong,
W. F. Buckley,
R k I g IMw,
J. W . st'eritgi,
8 .G. Nelson,
T. R. Coudert, H. W alter Webb,
*dward UhL
ame* Stillman. John A. McCall
%
ST. LOUIS TRUST CO.,
N . W , Co r . Fo u r th
and
L o c u s t S t s .,
ST. LOUIS, MO.
C a p it a l
and
S urplus
B O S T O N , M ASS.
$ 1 , 000,000
Executor, administrator, Guardian,
Receiver or Trustee,
N ew
W ALL BTRKBT,
OLD C O L O N Y
TR U ST COM PANY.
$ 3 ,0 0 0 ,0 0 0 00.
01R K C T0R 8.
John T. Darts.
A lv a h M ansur,
Daniel Catlln,
L, M. Ruroaey,
I _Samuel W. Fordyce,
i 1Adolph us Busch' ' ’
Edward
nfmon,
H enrv C. Haarstlck,
Edwin 0 . Stannard,
:
Hu»e,
J. C. Van Blaroom.
Cbas. D. McLure,
Edwards Whitaker.
THOS. H. WEST, President.
H. G Haarstlck, 1st V .-P. Jno. A, Scudder. 2d V .-P .
J* D- MHey. Secy.
A. T. W est. Asst. Secy.
A- C. Stewart, Counsel,
Isaac H. Grr, Trust Officer.
O o «a a G e n e r a l T r u s t C o m p a n y B u s in e s s .
I N T E R E S T A L L O W E D ON D E P O S I T S
which may bo made a t any time and withdrawn
after five days’ notice, and will be entitled to inter
est for the whole tim e they may remain with the
Company.
Executors.
ifcore, Administrators, or Trustees o f Estates,
Religious anda Benevolent
Benevolo Institutions,
.................. and Individmils, will find this Company a convenient depository
for monos
JOHN A . STEW A RT, President,
D, W ILLIS JAMES, Vice-President,
JAMES 8. CLARK 2d^Vice-President,
H EN RY L. THORNELL. Secretary,
LOUIS G. HAMPTON, Assist, Sec’y.
TRUSTEES,
Samuel Sloan,
Charles S. Smith. Geo. F. Vietor,
D. W illis James, W m. R ockefeller,W . W ald. Astor,
John A. Stewart, Alexander E. Orr,James Stillman,
J. H. Rhoades, W m. B, Macy, Jr.John Clafln,
Anson P. Stokes,W m. D. Sloane, John J. Phelps,
John C. Brown, G. H . Schwab, Daniel Lord,
Edw,
iward~ Cooper, Frank
“
Lyman,
John 8. Kennedy,
W.. _B. Cutting,
D. O. Mills.
C O N T IN E N T A L
TR U ST COM PANY,
OF
THE
C IT Y
OF
NEW
30 BR O AD STR E E T ,
he
S t a te
100
T
rust
C o.
-
8 1 , 0 0 0 , 0 0 0 I S v trp lu u ... 8 7 5 0 . 0 0 9
DIRECTORS,
Christopher U ppltt, Horatio N. Campbell
Royal C, Taft,
Robert Knight,
Robt, H. I. Goddard, John W. Danielson
Gpo. W, k . M attoaon, Herbert J. Well#
W illiam D Ely
John C. Pegram .
R ob ert L Gam moll,
Lym an B. Goff,
W illiam B lnney,
E u gene W . M ason
W illiam B. W eed en , G eo, G ord on K in g
R ow land Hax&rd,
R ow lan d G. H a ta rd
Edward D. P ea rce
L u cia n Sharpe.
H E R B E R T J. W E L L S , S A M ’L It. DO B R A N C H
P resident.
Vkse-Presidwe
EDW ARD % CLARK,
WM. A. GAM W ELL.
Secretary.
A ssistan t Secretary
A c tiv e and L oca l Securities b o u g h t an d sold to ad
vantage. A tla n t ic M utual Scrip. Circulars.
J. P, Wintringham, 86 Pine St, N, X,
Geo. P . Ga r d n
FRANCIS 8. BANGS, President,
WML' Z n £ S H ? LM ‘ \Vice-President*.
MAURICE S. DECKER. Secretary.
H. M. FRANCIS, Treasurer.
H . B. B E R R Y, Trust Officer,
TRUSTEES,
enry
Willis S. Paine,
orge
Henry H. Cook,
H .I
Charles R. Flint,
:es Scribner,
W. L. Trenholm.
William B. Kendall,
W alter S. Johnston,
i'raucia
S S8. Bangs,
H f
Francis Lynde Stetson,
Thomas A. McIntyre.
W 5P S U .
Geo. Foster Peabody, Edward E. Poor,
Anson G. McCook,
J. D. Probst,
GUARDIAN
Trustee under Mortgages or Deeds o f Trust. Finan
cial or Transfer A gent for States, Cities or Corpora
tions, etc., etc. Pays interest on Deposits.
EDWARD STABLER, Ju., President.
DANIEL
WM-Ml
, Gordon A bbott,
F r a n c i s R. H a r t , Vice-Presidentt
er
E . A . P H IF P E N , Secretary and Ass't Treas.
JO SE PH G. ST E A R N S, Ass't Secretary.
A M E R IC A N LO AN
-A N D -
TRUST
COM PANY,
B O S T O N , MASS.
$ 1 ,0 0 0 ,0 0 «
C A P I T A !.,
5 0 0 ,0 0 9
A legal depository o f moneys paid into Court and
for Administrators, Executors, Guardians and
Trustees.
IN TEREST A LLO W ED ON DEPOSITS.
Trustees under Mortgages, Transfer Agents and
Registrars o f Stock.
S U R P L U S ,
BOARD OF DIRECTORS.
Cbaa. Francis Adams, 2d. Samuel Little,
Oakes A. Ames,
S. E. Peabody,
Edwin F. A tkins,
Franci s Peabody
Isaac T. Burr.
A lbert A . Pope,
Samuel Carr,
N. W . Rice,
F. Gordon Dexter.
R. B. Robbins,
David P. Kimball
W . R. Thomas,
Henry D. H yde,
B, ENDICOTT PE AB OD Y, President.
N. W . JORDAN, Actuary.
_________
B, A . COFFIN Treasure
CORNER SOUTH
AND GERMAN
8T 8,
B A L T IM O R E .
C A P I T A L , 8 1 ,0 0 0 ,0 0 0 .
A
f S l ? c h a r g e o f R e a l a n d P erm
I n te re s t a llo w e d on D e p o s its .
SECURITY
C a p ita l
T. J effe rson Coolldge , J r .. President.
C. S. T u c K E R M A N , Vice-Preset and Treas.
Maryland Trust Co ,
$ 1 ,8 0 0 ,0 0 0
Rhode Island Hospital Trust & Deposit Company,
B A L T IM O R E .
Trust Company,
General Banking and Trust Business. Becomes
P R O V ID E N C E , R . I.
1 ,0 0 0 ,0 0 0
BOARD OF DIRECTO RS:
T . Jefferson Coolldge, Jr., President.
Oliver Ames,
W alter Hunnewel 1.
C, W. A mory,
W . Powell Mason,
B. F. Cheney,
Geo. V. L. Meyer.
T. Jefferson Coolldge,
Lauremce Minot,
Chaa. B. Cotting,
Richard Glney,
Geo. P. Fabyan,
Henry R, Reed,
Geo. P. Gardner,
Nathaniel Thayer,
Henry 8. Howe,
Stephen M. W eld,
Henry C. Weston.
A c t . a . T r u . t e e , R e e in t r a r , T r a n s f e r a n d
F i s c a l A Kell r o f C o r p o r a t io n s , a n d a s E x .
e cu I
and
Edwin A.* McAJpin,
$ 1 ,0 0 0 ,0 0 0
ALLOW S INTEREST ON D A IL Y B ALAN CES SUBJECT
TO CHECK
TRUSTEE UN D ER M OBTOAGES. T R A N SFE R A G EN T,
R E G IS T R A R
BKOADW AY.
C a p ita l a n d S u r p lu s ,
-
T r a n s a c t * a G e n e r a l B a n k in g B u s in e s s .
YORK.
C A P I T A L ...
.................. . . . 8 5 0 0 , 0 0 0
S U R P L U S . . . . ..................... ... 3 5 0 , 0 0 0
OTTO T. B A N N A R D ,......,.......................President
W ILLIAM A L E X A N D E R S M IT H ... 1st V ice Pres't
GORDON M A C D O N A LD ...2d V ice-Pres’t and Sec’ y
H ENRY B. D A B O L L ...............A ssista n t Secretary
D e s ig n a t e d b y t h e S u p r e m e C o u r t a s a
D e p o s ita r y fo r C o u rt M on ey s.
I n te r e s t a llo w e d on D e p o s its .
E x e cu te s a ll T ru sts.
TRUSTEES
William Jay,
Otto T. Bannerd,
A lfred M. H oyt,
Robert W . DeForest,
R udolf E. F. Flinech,
Giraud Foster.
Robert 8. Holt,
Gordon Macdonald.
Henry M. Taber,
Gordon Norrie,
Oliver Harrlman, Jr.,
A . Lanfear Norrie,
W m. Alexander Smith,
William F. Cochran,
Robert Olyphant,
W alter Jenninge,
John C. Havemeyer,
William A. Hazard,
W . Seward W ebb,
Frank H. Platt,
T renor L. Park,
T
-
M„
E x e cu tiv e C o m m itte e : W m , H . B o sle y (John 8.
01ttln«s« A C o.), Ctt iniian, Georg® B. Baker, H e n ry
0 . M ntthewn, J o h a L B lake, Erenol# A . W h ite , M att
CL F en ton . Lew ie a - G u»d rll
Metropolitan Trust Co.,
O f the City o f Now York.
3 7 an d 3 9 W a ll S tre e t, N ew Y o r k .
P a id -u p c a p ita l.
B u r p in g ........... .
Designated as a legal depositary by order o f
Supreme
Court.. Receive d
<
upreme Court.
deposits
o f money on in
terest, net an fiscal or transfer agent, or trustee for
-------------1-------1 _accept
e p t and
corporations,
and
and execute
executeany
any legal
legal trusts
from persons or corporations, on as favorable terms
as otbe similar companies.
LEGAL DBi
>RY FOR COURT AND
‘ FUNDS.
A cts as Financial Agent fo r States, Cities Towns,
Railroads and other Corporations. Transacts a gen
eral trust business. Lends money on approved se
curity. Allows interest on special deposits. Acts
as Trustee under Mortgages, Assignments and
Deeds o f Trust, as Agent, lo r the Transfer or Regis
tration o f Stocks ana Bonds, and fo r the paymenuof
coupons interest and dividends.
J. W ILLCOX BROWN, President.
LLOYD L. JACKSON. First Vice-President
H E N R Y J. BOW DO IN, Second Vice-President
J. BERN ARD SCOTT, Secy. & Treas,
DIRECTORS:
W m. A . Marburg,
Frank Brown,
A lex . Brown,
H. J. Bowdoin,
Leopold Strouse,
Basil B. Gordon,
H enry Walters,
W . B. Brooks.Jr.
Lloyd L.Jackson, W.H. Baldwin J r
JoshuaLeYerltig'
Clayton C. Halj, James Bond,
J. W ilcox Brown, J. D. Baker,
B. N. Baker,
John B. Garrett
Fred’k W. W ood, F. M. Thleriot,
Fred M. Colston. F. S. Bangs.
Andrew D J ones Doug.H.Gordo n
Mississippi Valley Trust
Company,
N. W. cor. 4th & Pine Sts., St. Louis, Mo.
C a p i t a l a n d S u r p l u s ........ . . . . . . . . . 8 3 * 8 0 0 , 0 0 0
UNDER STATE SUPERVISION,
8 2 0 0 , 0 0 0 d e p o s i t e d w i t h H t a t s o ffic e r t o
p ro te ct tru s t lia b ilit ie s .
A GEN ERAL TRUST COMPANY BUSINESS
Allow# Interest on Deposits.
Authorized to act aa Executor, Guardian. Receiver
Trustee, Ac. Manages Estates. Collects Rents.
Becomes Surety on all kinds o f Court Bonds.
Has Safety Deposit Vaults; A Savin :sDepartm ent
INVESTMENT SECURITIES A SPECIALTY
DIRECTORS
Geo. H , Goddard,
Charles Clark,
James Campbell
hos, T. Turner,
M.Kennard. D. W Caruth, Williamson Bacon
Tutt, Breekenrgo Jones
Aug. B. Ewing, T hoa K. Ti
‘ ‘
g|
r *~
**rancis.ilenrj
H itchcock
Elmer "B. Adams,
David
R K
s
W m. D. Orthwein
OFF10BR8
JULIUS 8 . W a l s h , President.
jRRBOKiNRibGK J o n e s , 2d V ioe-PreaV
DS.ltAUT OhAn d l k b . Secretary'
@FedFRASER