Full text of Commercial and Financial Chronicle : March 6, 1897, Vol. 64, No. 1654

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[E n te re d

aoeording to Act of Congress, in ttie year 1897, b y tb e William B. Dana Company, In th e office of th e L ib ra ria n of C ongress.

YOL. 64.

SA TUR DAY, MARCH 6, 1897.

%\xz Chccmiclc.
PINE S T R E E T , N. W. CORNER OF PEARL S T R E E T , N. Y.

P U B L IS H E D W EEK LY .

For the month of February and the two months the exhibit is as fol-

NO. 1,654.

The week’s total for all cities shows a loss of 25 T per cent
from 1896. The decline from 1895 is 15 9 per cent and the de­
crease from 1894 is 8*9 per cent. Outside of New York the
decrease compared with 1896 is 19*8 per cent, the falling off
from 1895 is 15*7 p. c., and the loss from 1894 reaches 18*4 p. c .

OW8:

Week ending

February.
1897.

1896.

Tivo Months.
P.Cl

1897.

1896.

O lta rin g t a t —

P.Ct.
New Y orx..

f
$
$
«
2,045.130,179 2.372.991.030 —13*8 ,034.477.51 4,935.405,338 - 6*1 P ittsb u rg ....
234,404.474 254.08H.40N —7"
499.201,00
569,382.618 -10*7 B altim ore...............
0*8
54,774,229 —
124.9*5,171 - 2*1 Buffalo........
50.318.988
122,329.18f
PltM bnrd......
5«.i 24.001 —I’i
1*3,017+41 —1*9 W ashington ..........
55,178,09?
120,787,85]
35.520.90] -11*5 R ochester...
31,419.091
14.5lO.0HW 10,076.472 -9*7
10,513.021 -9*4 S y rac u se....
7,747.70 —J 2*5
14,00|»,418
W ashington..
«.7«1.015
5,830 808
lv ,463,162
13.HC2.00i -0*5 S c ra n to n ..............
0.110,055 -5*1
8,719 3 '3 —7*4 W ilm ington—.
4.0O0.6M —10-0
*
8,078,80*
Syracuse........
8.504,892
0, 020.021 +2*5
3.079,891
2.9:?0.4 3? +5-1
0.790.732
S c ra n to n .......
5'5
0.210.307 —11 9 B in g h a m to n ...
2.663,110
2.810. 97 —
5,412,29):
W ilm ington..
T otal M id d le ....
2.509.70(
2.918,500 1—12*0
1,272,300 —8 J
1 . 10 1 .8 *
B ingham ton..
T otal Middle 2.128,720.850 2,760,871.765 -12*7 5,468,000.413 5,832,585,621 + —
0*4 B oston...................
Providence..........
B oston............ 360,010,047 337.520,012 +0*7
728,674,097 -+7*5 H a rtfo rd ...............
783,299,861
19.4 20,100
20,352,0*)« - r t
40,743.900
40.348 20C + 0*0 New H a v en .........
Providence...,
0 .009. 14 ; —5*8
22.382.155 - 1*8 S pringfield.. . . . . . ..
H a rtfo rd .........
9.339,153
21.970.539
13,028,819
0.029,007
New H a v e n ..
13.541.592 -3*8 W orcester..............
5,983,032 + 0*8
4.8*0.142
11.810,712 —
5.212.041 -7*5
11,255.3*8
4*9
Springfield ....
11.781,201 -6*3 P o rtla n d ...............
11.030,215
W orcester......
6.004,814
6.430.209 -7*8
R iver............
10,219.787
10.458,060 -2*3 Fall ell.................. .
P o rtla n d .........
4.715,050
4,73-4.347 -0*4
8*2
3,200.819 -V
7,3-1,747
0 927,345 + 0*6 L ow
3.535.448
8*5
5,352.420 -3*5 New B edford........
2,326.(09
2,551,017 —
5,163.304
L o w e il............
T otal New Bng..
1.318.868
3.808,885 +15*0
1.00 ,900 +8*9
4,482,803
New Bedford.
914,588,923
801.105,273 -+6 ‘ 2 Chicago...................
T o tal N. Ena 417,093,748 •28«,6a4,50b +5*1
601,730,731
720.29«,570 -16*5 C incinnati..............
C hloago.......... 283.?«4.e34 330.876,554 -14*4
D e tro it...................
44.600.1 0
43.172,000 -v3*4
9o.970.50C —1*0 C leveland...............
C incinnati......
94,450,450
10.703,587
22.721 930 -13*3
42.798.401
50.901 021 —15*9 M ilw aukee.............
D e tro it^ .......
6*4
22,057,148
23,312.013 —
48,447.0*9
C le v ela n d ......
50,001.o n -4*4 C olum bus..............
17,839,030
20.372.501 -1 2 4
37,018,9/8
41,187,011 —
8*7
M ilw aukee....
13.173.000
13,363.206 —1-4
27.80-,15“
2 +08O. ICQ - 2*8 In d ia n a p o lis .........
C olum bus.......
Peoria.....................
0,777.050
7,704,050 - 12*0
1*1.072,510
Indianapolis...
17,681.«kJ0 — 1 T oledo....................
9
0,*21,«o3
0.939,393 -10*3
12,079,051
P e o r ia ............
16.331.710 -17*3
5,219.170
4,783,204 + 91
0
10,900,43.1
11,701,111 — -w Grand R a p id s.....
T oledo.............
2,717,302
3,005,871 - 0*0
0,004,574
G rand Rapids.
7,011.57 8 —13*1 D ayton...................
2,190,917
4.830,233
2,393,447 -8*5
6.370.3(0 - 1**2 L ex in g to n .............
D ayton............
Kalam azoo............
1,135.404
1.103,045 + 2*0
2,025,514
2.003.000 + 0*8 A kron...................
Lexington —
9*10,785
Saginaw ..........
1,440.071 -3 3 3
1,990.1*2
2,900.440 —
32*8
C07.012
1,100 559 —25*0
2.012,887
2.4 h1.308 -1 9 0 Bay C ity.................
K alam azoo...
R ockford................
1,005,900
1.03^,3311 —
3*2
2 , 120 .0-0
2,823.208 —
9*7
A kron............
763.446
1,°99,428 -31*5
1 034,107
Bay City........
2.149,183 —24*0 Springfield, Ohio..
703.091
840.43* — 10 2
1.396.483
1 720.001 -19*1 C a n to n .................
30*0
071,083
060,089 —
1,4*14,173
1,822.5*13 —18*6
T ot Mid. W est'r
S p rin g fie ld ...
20*3
636.574
071,080 —
1.101.178
1,431.700 —10*7
C an to n ...........
San
isco .....
018,0*8,337 1,002,400 685 -13*0 Salt F ran cC ity......
Tot.M .W e«t. 410,4 87,001 480,9; 5,534 —11*0
Lake
P o rtla n d ........
-15*8
44,900.405
100,822,837
San Francisco
53.371.343
109.853.330 - 8 2 Los A ngeles..........
9,8''3.Wii
4.304.405
Balt Lake City
4.03^,-ls! —
7*2
11,513.075 -14*3
3,812,029
4.471.213 “ I4"7
9.127,000
P o rtla n d ........
10.287,870 - 12*2 H elenat................
3,831,390
8,019,700
10.038.509 -20*1 Tacom a..................
4.7rt*,119 —19*6
Los Angeles.
1,392.8121
2.047,108 —32*0
».» 87.002
T a c o m a ........
4.440.005 —3.1*0 S e a ttle ....................
22*7
1.510,220
B eattie............
1,9*4.131 —
3.385,810
4,205,10/ -20*0 Spokane.................
2,091.480
1,059,429 -t 30 0
4.337.U8I
3,0*3,209 r 19*7 Fargo......................
S pokane.........
432.470
1,378,000 28*4 81oux F alls............
F a rg o ...............
504,815 —23*4
980,1/2
170,242
337.*23 —496
303,292
764,544 -61*0
Sioux F alls__
T otal P acific....
02,152.425
139,873,530
T o tal Pacifio
73,ftU8.9li* ~lo*4
150.103.471 -1 0 4
K ansas C ity..
33.3S3.f84
84.220.010
8 «.801,647 —52 M inneapolis..
K ansas City...
30,903.853 -1*3
19.475,518
20.0.14,5yy — /
27*
44,621,70*
20*0 O m aha............
M inneapolis...
60,040,004 —
16.812.1U,
30.809.1 tO -9-0 St. P a u l..........
O m aoa..
I0.800.3h9 -0*3
33,551,041
11,214,5181 17,157,. 81 -:v4*2
23.839,305
St. P a u i...........
30.54* *02 —
34**< D e n v e r...........
10.828,728
Denver
10,590.120 + 2*2
2 1 ,8 1^,811
2-1.039.800 -9*2 D a v en p o rt....
2,152.748
6,530.078 - 01*1
4.380.237
12,433,5-3 —
D a v e n p o rt...
0**7 St. Joseph ...
3,707.807;
5,351,000 -29*0
9,243,074
11.94 *.000 —22*0 Des M oines...
Sioux C ity ....
3,507,0 0
8,260.773
3.90*3,010 -11*1
7,8'4.43l
1,852.560
1.9/4.442 —4*2
3,527,205
4.670.51 3 -2 1 '5
Bloux City ...
1,120.147 —
22*8
872,1.'>2'
2.3 21,212
2,872,029 -19*1 W ichita.......
1,491,970!
1.71?, 500 —13*2
2 888,050
3,530.543 -18*4
W ichita..........
27*0
1,300.0171
1.898,857 —
3,320,44-1
4,004.125 - 1 0 0 F rem o n t...............
Topeka............
247,8351
0*5
249.210 —
489.381
550.308 -11*3
954.028,
299 23:* +22*7
740.91*1
678,237 +28*1
H a stin g s........
T ot. o th e r W est
243,130,127
295,382,082 - 1 7 ?
Tot. o th ’r W. 112.331,823! 133,453,96/ -16*8
201,fc89.730 +7*0
8 t. L o u is......... 103,188.523) 91.037,519 + 13*3 216.757,849
30,171,720; 43,081,101 - 1 0 0
81.740,212
93.I81.m - 12-8
42
24,010,5k 7| 21.008,750 —2*8
62.8H.209
53,689,010 -2-9
Louisville.......
2*1
9,126,300
0,323,405 —
22.608.550
21.022,476 +2*7
G alveston ___
10.132,301 1-1 0
10,207,105
22.121.387
23,221,080 -4*7
8.450 511
10,852 580 —22*1
20,519.00
23.221,302 -11*0
8.089.800 - 5 1
8,247.79*
lfc,377,031
10.501,138 —
0*0
R ic h m o n d __
;,2v9.300|
9,540.230 -23*o
16.1 70.170
20,330.015 -2 0 4
5.00*1,291
6.0.0.019 -0*7
1*2,044,005
13.302,184 -V *
5,621,0521
5.095.881 -3*1
11,277.31c
11,581,117 —27
3,854.924 i
8+90.270
4,446.250 13*31
0.340.0 IW -5-8
3,400.857
4.200.183 - 18*8j
7,395.572
9.1.7.926 -10*4
2.014,425
3.205,170 -18V
0.143,047
W aco..............
7,185,003 -14*5
2.810.039
2.9V8,221 -6*9
5,859,099
0,n 10.571 —
11*5
Fort W o rth ...
2,00*,»7e + 10 7
0,087,28»
3,09*,651 i
5,715,43 (-17-0
A ugusta.........
1.408,040
3,152,315
1,725,315 —i**y
3.781.185 —
18*8 K noxville.
B irm ingham ..
1.052.5111
1.‘27,?80 -4*3
3,021.029
3.097 226 —20
K noxville ...
2,58*1.400
1,252.500
1.187,6/7 +6*5
2.803,800 -«-8
L ittle Rock. .
977,087
2,055,021
1,201,-34 -22*7
2.507.421 -21 C
O
2.234.330
0
1,054,950'
1,131.357 — 8
2.326.884 -4*0
C hattanooga..
T o tal S o u th e rn ..
4
T otal 8outh. 24O.il2.05if 243.003.5 » —1*5 621.000, *261 6S5.027.8Mi —
2*1
T otal a ll.............
T otal a ll...... (1,09*.208.7 07 4.115,408.188 -10*8 8.1V8,22!1..V20 8,742.011,*70 —0**
O utside N. York.
OuUlda N. T, 1,040.078,018 .742,470.508 -5*6 3,503.710,00.4 8,807,200,141 — 4
6
M ontreal........
38.l80.»2oi 38,123,617 -1-0*0
82.058.7501
3*2
84,787,010 —
24.504.142
T o ro n to .........
28,544.97', —
13*8
56.709,450
61.640,640 —on
H a lifa x .........
4.208,712
4.700,100 - 10*«
0..144,111
10,415,151 -10*3
3.851,013
W innipeg. ..
4.052,681 -6*0
8+00.8321
9.020,-/ 81 —1‘»
H am ilton.......
2.501.408
2,086,055 -3*6
5,454.700
5,014.196 -7 -8
73,724. »00 78,110.090 -6*6
Tot. Canada.
101.427,016' 171,780.083 -0*0
T otal Canada.
‘ tfmr ta b le of e l e a r i n g e by t e l e g r a p h i e e P a g e i 5 ' i .
*N ot Included In

1897.

#

1890.

$

February 27

1897.
P . C ent

1895.

f

1894.

440.462,428
49.090.487
14,139.335
11.C93.327
3,555,347
1,405,178

027.360,575
01.394,471
15.S40.OOC
14.488.655
3,923.101
1,929,7?(

—28*f
-2 2 f
—10+
-23*—
bV
-27*2

531.085.217
01.231,812
12,513,770
11,74 7,831
3,200,561
1,77 0.34(

465,002,469
63,980,690
11,322,983
12.959,721
3,663,086
1,364,661

904,820
708,822
584,10?
203,901
530,058,008

1.151 929
745.88:
612 90]
284.000
732,298,008

—10*4
+3*:
-4 7
— 3
7
—27*C

968,984
817 031
825.084
300,000
629,794,401

753,101
751.792
713,214
288,800
502,246.002

71.200.158
4.181,301
1,944,13:
1,188,0 4(
1,0*20 528
1.064,57:
1.000,230
807,770
582,204
402,000
83,457.798

87.070,114
4.904,80
2,643.332
1 422 637
1,335.207
1.420,8i 2
1,237,002
775.774
018 39J
452,510
102,452.672

-1 8 g
— c
16
- 23 l
—10 4
-2 2
-2 0 ]
- 14 ;
+ 41
-7 t
—n o
-18*5

81.729,830
6 327,90(
2,302, 11
1.852.781
1.3O3,0OC
1.196,201
1.139.08J
058,351
600,10S
3+2.471
90.084.519

84.959,239
3,789,000
2,016,492
1,139,008
1,287,246
1,118,999
1,210,067
737,081
509,676
412,050
97,180,327

00.419,047
9.479,8fC
4.350.13C
4,305.44V
4.000,232
3.313 40C
1.512.507
1.304.922
1.127,514
001.452
488,2/1

-2 0 0
-1 7 7
—4*/
—16*7
—19+
-30*9
+0*5
-24*3
-9 2
-1 9 9
-1 4 0
-4 7
—23 2
-t 18 7
-3 5 2
-1 7 2
—23*9

88 210.233
12.6V8.550
0,983.254
4.808,95(3
4 082,048
3 278,000
1,063,032
2,675.(91

84,449.273
11,907,200
5.138,881
4,121,807
4,533,051
3.221.700
999,778
1.787,200

845,940

690,191

200.104
221, l(k
190,224
215.251
147,9.7
132,518
98,389,037

90,880,153
11,518 400
5,2O0,36<
6,494.792
4,210 375
3.929.90U
1.924.303
1,976,250
1.122.424
704,029
517.477
V
70.163
241.480
232.107
247.830
13'.378
228.522
100,117
129,217,060

407.568
174,737
151.422
295,953
190,‘ dl
2
170,497
140,719
U0.835.8S2

423,368
230,584
104.943
232.806
147,595
151 060
140,622
118,410,715

8,885,193
939 133
814,901*
884.769

13,040.030
1,170 174
1.019,255
1.116,308

-35*1
—20 2
-2 0 1
—20 7

14 233,602
1.1 3,494
936,800
1.138,008

14,097,138
1,119,778
f 47,343
1.070,788

335,050
320,190
501.078
81.823
32.397
12,773.597

030,757
437,000
452,2 0
12*4,095
08 167
18 062,908

—10 9
—24 8
• 10 8
—33 2
—
62*0
—31*0

580,927
451,433
369,095
00.334
5*2 167
18.761,010

524,809
500,000
207,094
90,942
120.546
18.050,887

8,785.711
4 003.1*0
3,702.225
2.811.190
1.993,648
438,844
1,200.000
833,439
499.141
200.193
370,017
331.820
58.933
84.901
26,023,390

10,449.?* 0
0,7 31 01 •'
4,281,248
3.801,534
2,000,320
1.109,230
1,409.000
L.005,171
444,207
281.303
354,133
414.303
57,344
67.P43
33,011,420

—15*9
—37*2
-1 3 0
-31*4
—23*5
-01*1
—14*8
-17*1
+ 12*4
-20*4
+4*7
-10*9
+2*8
+ 40 0
—21*2

10 150,672
6.005.370
3.091.992
4,427,260
2,e08,741

8 472,957
4,032,322
5,025.248
2.909,141
2,700,675

1,459 025
859,038
521',495
418,958
470,571
004,744
70,807
60,228
30,317,000

1,511,357
924,782
072.052
456,088
510.935
515 604
116,300

23.740,110
8.802.725
4.794,309
2,6i 6,400
2,609.170
1.983 814
1.821 200
1,019.888
1.150.220
1,436.420
807,011
818,130
568.482
533,005
701.805
300.470
415,914
358,909
198,333
220,479
65.385.007

22,657.912
12.207,140
6,351.080
2,208.160
2.290 037
2,393,880
1.98-.194
2,384,301
1,453.000
1,4 00,339
991,077
070,904
444.233
711,872
034,604
534.425
412,130
295,047
207,923
271.418
59,882.230

+4*8
—28*2
—lu*4
+ 18*4
+ 13*7
—17*1
—
8*4
—32*1
—20*6
-4-2*5
—18*5
—13*2
+25*7
—25*0
+ 1 *8
«
—32*0
+0*9
+21*7
—33*4
—10*0
-7*5

806,030,844 1,075,524,188
369.024,421 ~44SJ 03,013

-19*8

210,397

—

l(i

4

—
arc

23.240.469
8,321,876
0 337,953
2,890,000
2,200.000
2,021.2e9
2,238,353
1,091,310
1,000.008
1,300,705
907,403
867,010

I.' 00.0C0
050,000
5H1.785
373,789

100,000

29,214,611
21,207.923
10,120,995
7,437.997
1,821,851
2,600,000
1.936,320
2,204,031
1,501,912
1,014,204
1,003.791
786,096
1,019.050
541,694
665,473
316,300

307,240
339.999
219.099
66,415.000

443,803
204,065
64,766,066

—25 1 958 23P»304
420,564,147

880,480,108
415,477,039

8,423,140
+5*4
8,881,273
8.818,878
9,093.575
0.080,325 -10*4
4 803,549
4.900.682
6.838 005
1.080,205
960,010
065,063 * 894,475
+0*8
992,544
059.396
1,059.271
+0 7
720.997
580,188
670,329
-4*9
718,648
647,080
430 861
—
3*81 15 801,710
17,282.213
17.800 822
10,385.818
+ R eports suspended for th e present.
to ta ls .

440

rHE CHRONICLE.

[V o l .

LX1V.

his practice and foreign to his character. The Presi­
dent knew all this, and obviously because Mr. Gage rep­
resented what he wanted called him into his Cabinet.
We now have the President’s own words. Although
these are quite general in form they are sufficiently
specific on the main points to show that the President
stands for safety, stability and integrity. He rays at
the outset of his remarks about the currency that “ its
value must not be further threatened. It should be
put upon an enduring basis, not subject to easy attack,
nor its stability to doubt or dispute.” Later in his
THE FINANCIAL SITUATION.
remarks he added: “ The credit of the Government,
President McKinley's inaugural address on Thursday the integrity of its currency and the inviolability of its
was in all particulars very satisfactory to business obligations must be preserved. This was the com­
interests. It was an open and unmistakable utterance manding verdict of the people and it will not be
on the questions of the day and just the kind of docu­ unheeded.” Some may take exception to what the
ment industrial classes needed. With reference to the President says about a bimetallic conference with Euro­
tariff it is hardly necessary to say that parties differ pean Powers. It should be remembered that his own
and that the President’s views on that issue will not party platform contained a provision that “ inter­
meet acceptance everywhere. Bat the question of national bimetallism” should be sought and if possible
higher duties was settled by the election, and the pub­ secured. He does not fay that the work of currency
lic accepted the result; obstructive work at the session reform in this country must wait until the interof Congress soon to open for the purpose of framing a rational matter be sought or tried, but says that our
new tariff would consequently be inexcusable and very gold standard must be put upon an enduring basis at
objectionable. When the party in power has framed a once; then after that he merely follows his party
measure satisfactory to itself, and shown its ability to platform as to a bimetallic conference, and tells Europe
pass it, the commercial situation of the country re­ Barkis is willing.”
In the matter of our foreign relations the President
quires that the measure be adopted as speedily as possi­
ble and that the country be relieved from the disturb­ discloses hi3 real attitude by a specific recommendation.
ing influence of the prolonged presence of our legisla­ We refer to the clear, ontspoken views he expresses
with reference to speedy and favorable action on the Ar­
tors in Washington.
On this subject of Senatorial obstruction Vice Presi­ bitration Treaty. He believes arbitration to be the true
dent Hobart, in his address to the Senate Thurs­ method for the settlement of all differences—inter­
day, Baid a few words which will attract attention. national, local and individual. Its application was
Whether they are to be taken in the nature of a warn­ extended to our diplomatic relations by the unanimous
ing, or as a simple suggestion of the thought which is consent of the Senate and House in 1890. That
uppermost in the minds of the people, time will dem resolution has led to a negotiation which has ended by
onstrate. His statement is as follows; it should be the transmission to the Senate in January of the present
read by every one. “ It will be my constant effort to treaty. “ Since this treaty,” he says, “ is clearly the
aid you, so far as I may, in all reasonable expedition result of our own initiative ; since it has been recognized
of the business of the Senate, and I may be per­ as the leading feature of our foreign policy through­
mitted to express the belief that such expedition out our entire national history—the adjustment
is the hope of the country. All the interests of difficulties by judicial methods rather than
of good government and the advancement toward force of arms—and since it presents to the
a higher and better condition of things call for world the glorious example of reason and peace, not
prompt and positive legislation at your hands. passion and war, controlling the relations between two
To obstruct the regular course of wise and prudent of the greatest nations of the world, an example cer­
legislative action after the fullest and freest discussion tain to be followed by others, I respectfully urge the
is neither consistent with true Senatorial courtesy, con­ early action of the Senate thereoo, not merely as a
ducive to the welfare of the people, nor in compliance matter of policy but as a duty to mankind. The im­
with their just* expectations.” We will add one sen­ portance and moral influence of the ratification of
tence to the above. If Vice-President Hobart should such a treaty can hardly be over-estimated in the cause
by his ruling be able to put an end to the so called of advancing civilization. It may well engage the best
“ courtesy” in the Senate, which permits a small thought of the statesmen and the people of every coun­
minority to defeat all legislation, he will merit and re­ try, and I cannot but consider it fortunate that it
ceive the commendation of the large majority of the was reserved to the United States to have the
people of the United States. What is wanted is action leadership in so grand a work.” Those words mean
that will change the Senate from an obstructive body peace and good will toward men everywhere, and were
intended to discourage those harmful and disturbing
to a legislative body.
President McKinley’s remarks on the two most vital resolutions aDd discussions which have been such a
issues before the country, our finances and our foreign prominent feature in the Senate’s proceedings during
relations, cannot be too highly commended. In select­ recent years. Tnereisone practice affecting our foreign
ing Mr. Gage of Chicago for Secretary of the Treasury relations which should be modified. Some restriction
the President gave to the public the strongest possible ought to be put upon the method of obtaining citizen­
assurance that he was heartily in accord with the best ship. A man should not be able to take out natural­
thought of the country with respect to currency re­ ization papers here for the mere purpose of securing
form. Mr. Gage stands as the representative of plain immunity from punishment and protection from arrest
dealing and a radical cure. Makeshifts and subter­ for his wrong acts within and against another country.
fuges, the tools of small politicians, are unknown in So long as we allow transactions of that character to be

With thii itsue of the Chronicle we fend out our
usual monthly nnuil>er of the Q u o t a t i o n S i t p p l k m r x t .
The Si PPLKM>:N contains, besides acomplote record of
'T
the fust month’s transactions on the New York and
Boston Stock Exchanges, twenty seven pages of gen­
eral quotations, comprising all classes of securities—
railroad stocks and bonds, municipal securities, baDk
stocks, gas stocks, insurance stocks, street railways,
etc., etc.
_________________

Mabch 6, 1897,]

THE CHRONICLE.

continued, friction in our foreign relations must be a
frequent occurrence.
The most important incident of the week was the
announcement on Tuesday that the directors of the
Lake Shore had authorized the ex.cution of a
$50,000,000 3^ per cent one-hundred-year mortgage
for the purpose of refunding 7 per cent bonds which
will mature at intervals between 1898 and 1903.
We comment on the significance of this transaction in
an article on another page. A contract to place the
bonds has been made with a syndicate comprising
Speyer & Go., J. P. Morgan & Co., Lazard Freres,
Heidelbach, Ickelheimer & Co., F. S. Smithers & Co.,
the Central Trust Company of New York, J. Kennedy
Tod & Co., E. H. HarrimaD, Teixeira de Mattos Bros.,
of Amsterdam, and Lsz. Speyer EllisseD, of Frankforton-Main; and Speyer & Co. have announced that the
new securities would be offered to the bondholders at
102} and interest. It is said that already a
considerable amount of the maturing bonds have
signified their intention of making the exchange, and
the bonds are quoted in the market at 103@103|. The
early news of the intended issue of these bonds will
very readily account for the sharp advance in Lake
Shore stock to 172 on Monday. On the official an­
nouncement of the issue there was exceptionally good
buying of all the Vanderbilt properties, which con­
tinued on Wednesday, more or less stimulating an im­
provement in the whole market.
The opening this week of through service from Kan­
sas City to Shreveport, La., over the line of the
Kansas City Pittsburg & Gulf, is important not only a3
giving another through route to the Gulf but as mark­
ing a further step in the progress of an enterprise of
considerable magnitude. At Shreveport connection is
made over other lines with Galveston/ Houston and
New Orleans. The company's own terminus will be at
Sabine Pass, where it is reported there is now 21 feet
of water over the bar. This portion of the line it is
expected will be completed by the 1st of May, and then
the system will comprise about 800 miles of road and
extend from Kansas City to the Gulf. At present
the mileage is 675 miles. It is rather note­
worthy that an undertaking of such dimensions
should have been pushed through during a period
of great depression in the commercml and finan­
cial world. The road represents an investment,
we understand, roughly, of about $20,000,000, and
the funds have been raised here and in Holland.
The original construction company was-formed in 1889
and its policy, it is stated, was largely shaped by the
late Anthony J. Drexel, of Drexel & Company. Mr.
Drexel urged that in order to allow for the building
up of the country through which the road runs, no
bonds be issued before 100 miles had been constructed
and that the bonds be made dependent upon in­
come for three years. Actually no bonds were put
out until 112 miles had been built and equipped and
put in operation, and they were made income bonds
for four years, the 1st coupon not falling due until
Octobsr 1 1897. The road has been very substantially
built, being laid with 60-lb. steel rails its entire
length and having 2,840 oak tie3 to the mile.
The bridgo, of which there are 165 of an aggre­
gate length of 2,991 feet, are of iron and steel.
Of these bridges the bridge over the Arkansas River
cost $160,000 and one over the Red River cost
$130,000. The road has a right of way 100 feet
wide. A large north-bound traffic is expected from

441

the timber and coal resources along the line, while the
directness of the route is counted on to give it a south­
bound business in the transportation of food products.
Mr. A. E. Stilwell, of Kansas City, has been the head
and front of the enterprise, and it i3 to his persever­
ance and energy that its progress is due. The future
of the undertaking will be watched with interest.
We have prepared this week our statement of bank
clearings for the month of February, and it shows a
loss of 10’3 per cent from last year. Outside of New
York the lo3S is but 5-} per cent. In January the fall­
ing off was only 2-6 per cent with New York included
and 7‘1 per cent without New York. It should be
remembered that February last y*ar had an extra day
(it being leap year) and that the volume of the clear­
ings showed a large gain at that time independent of
that fact. The following compares the totals for
January and February, both with and without New
York.
MONTHLY CLEARINGS.

Clearings, I s ta l
1897.

i

Clearings Outside New York.

A ll.

1896.

P.Ct.

1897.

1896.

P .C t

$

«

*
i
Jan u ary .. 4,507,014,72? 4,620,143,291 —2*0 1.917,607,391 2,004,729,583 - 7 1
February
3,091,208.797 4,115,468,188 -10*8 1,016.078,018 1,742.470,558 -5*5

The falling off during February has been quite gen eral throughout the country, but a few leading cities
present very favorable comparisons. Particularly is
this true of St. Louis, which reports 13’3 per cent
increase; Boston, which has 6’7 per cent increase, and
Cincinnati, which has 3‘4 per cent increase. At New
York there is 13’8 per cent decrease.
FEBRUARY BANK CLEARINGS AT LEADING CITIES.

,-------- —F ebruary.—
< J a n u a r y 1 to Feb. 28.— ,
—
lOOO.OOOs
1897. 1896. 1895. 1894. 1897. 1896. 1895. 1894.
om itted.)
$
$
$
$
$
$
*
*
New Y o rk ... 2,045 2,373 1.864 1,724 4,634 4,935 4,259 3 ,8 9 0
311
Oliioago........
283
331
296
602
720
690
663
B oston..........
360
290
338
299
783
729
708
683
234
200
254
230
Philadelphia
499
559
526
457
8 t. L o u is. . . .
103
91
83
33
217
202
200
18 8
8an F ran ’oo.
45
53
48
48
101
110
100
101
B a ltim o re...
55
43
121
56
47
123
110
103
P i t t s b u r g ...
56
57
45
44
122
125
103
101
C incinnati...
45
43
47
48
94
96
107
104
New O rleans
36
30
43
37
82
93
81
90
K ansas City
40
39
34
84
35
89
78
75
L ouisville...
24
24
25
26
52
54
55
54
15
14
14
Bnftalo.........
31
16
36
32
31
MlnneapoUs.
19
27
17
45
61
41
41
18
M ilw aukee..
20
18
19
16
41
39
37
38
D e tr o it......
20
23
22
43
20
43
51
45
Providence..
19
20
19
16
47
44
46
38
O m a h a ......
16
17
14
37
32
39
18
34
C lev e la n d ...
22
23
17
16
51
42
37
48
D enver.........
24
22
ii
11
10
10
22
22
St. P a u l.......
11
15
12
32
26
17
24
37
T o ta l......... 3,476 3.878 3,206
O ther cities..
215
237
201

3,017 7,723 8,219 7,353
524
193
457
475

6 ,830
441

T otal aU ... 3.691 4,115 3,407 3,2L0 8,198 8,743 7,810 7,271
O utside N Y . 1.646 1,742 1.513 1,486 3,561 3,803 3,551 3,381

On the Stock Exchange there was considerable ac­
tivity in bonds, but the dealings in stocks were very
small, as will appear by the following.
SALES OF STOCKS AT THE NEW YORK STOCK EXCHANGE.
1897.

Month Number
of Shares
Jan .
Feb .

8,805.412
2,803.401

Values.
Par.
j Actual.
%
f

1890.

Number
of Shares.

323,774.750 £03,587,4 72 4,535,612
200,430,100' 171,604 054 5.203,008

Par.

Values.
Actual.

$
417,301,550
492.613,700

»
250,445,605
300,289,139

Some further returns of railroad net earnings for
January have been received this week, and on the
whole they are not so good as those noticed last
week. There are some exceptions to the rule, however,
as in the case of the Burlington & Quincy, which has
$79,024 increase in gross and $214,321 increase in net.
The anthracite coal companies particularly make

442

LHE CHRONICLE.

[Von, LZIV.

510 then in the Treasury, over $150,529,510. Tne net
gold officially reported from Washington yesterday
Friday, was $150,693,630.
In money there a*e but few new feature®, and rates
remain about as last quoted. Money on call represent­
ing bankers' balances continues to loan at the Stock
Exchange at 14 and at I f per cent, generally at the
first-named rate, averaging I f . Banks as a rule seek
to maintain 2 per cent as their minimum over the
counter while those of the trust companies who loan
accept the current Stock Exchange rates. Time con­
tracts arc in little better request for long periods and it
,-------— —•Jununry Barninoa.
•
is reported that about $1,000,000 ha? been loaned this
1894.
1893.
1899,
1897.
per cent. Some sixty-day
* * week for four months at
Sfm tnn 0 JS w l—
fc M
i
f
$
S
JUdiUOB Tof- * Santa *V a r.M * UB7.1S9 2,481.604 2.2U.042 2,231 930 loans on sterling collateral have been renewed at
479,285
518,061
Net
jMt.nas
137M 5
238.207
218,714 2 per cent and Eastern cities have borrowed until
265,011
Buffalo 11'-oh. A P i l l * . . . . . ..Gross 250,483
7J.942
77.031
05.382
S .254
t*
Net
Q muuIi m FaMIlcs.......... ..Gross 1,812.1124 1.174,798 1,171.0-0 1,390.755 October aud November, in anticipation of the col­
346,720
^2.045
378.843
Net
• 9 ,9 0
15 6
852.433
f 04,113 lection of taxes, at 3 per cent, and it is expected
Centm i v t NcwJtr m y . ,, ..Gross 8S6.91* 1.099,6ft
350,57
£4€,6d5
2 0 1 .0 8 6
Net
York Oity will also soon be in the
756.070 that New
7*1,104
P10.125
estiva*peak#. & Ohio....... ..Gross 018,240
250.127
*71,012
248.S72
2 * .3S
51 $
Net
Negotiations are in progress for
Chicago Bari. 4 Q v a m e j.. . .Gross 2.072.028 2.593*04 £.374,832 2.777,130 market as a borrower.
b
793.3<
5
712.407
924,158
Net 1.007,040
MIL & St. f*asL, ..Gross 2.010 440 2,329.<122 1,894.378 2,164,823 borrowing upon large purchases of steel rails for
787.713
Net
: 04,602
630,459
00 VI50
569,580
485.105
531,515
5-0,608 European account and also upon heavy importations of
Ikeaver A Rio Grand*.. . ..Gross
171,103
216.870
Net
219,802
190,770 silks and other merchandise, which are being brought
Detroit A Mackinac......
27,464
80,868
10,921
18.515
7,054
13,840
0.512
Net
6.097 out in anticipation of changes in the tariff.
Rites on
8.222,020 2,344,077 2,094 120
478.852
851.621
Net
33'.207
good mixed Stock Exchange collateral are 2 per
145 131
154,284
Georgia..._ ____ ____ _
_
108.498
l ‘ C ,2 n
2
64,065
50,413
18,454
Net
43,416 cent for thirty days;
per cent for sixty days
111.328
167,472
119.588
149 956
law* Central................ .
2-.054
01,097
39,520
44,052 to four months;
Net
3 per cent for five to six
Xdxtiavllie 4. Nashville...
1.€02,510 1,088,537 1,002,1*2 1,65MU 0
453,783
619.891
and
per cent for the remainder
Net
(iJS.l 85
667,774 mooths,
234,547
860.988
190.916
178,991
Mexican InternatlcnaL.
Some brokers report 2 per cent
Sm
108,837
73,838
84.098 of the year.
72,135
Minneapolis & St. Lcmts,.
127.477
119,142
1459*78
122 463
Not
40.452
49,199
44.671
43.054 for sixty days; 2£ per cent for ninety days to four
272.700
H. Y, Oct, A Western....
£50.880
276.795
257,099 months; 3 per cent for five to six months; 3^ per
0£.e87
42.807
58.105
57.271
~ s r
Philadelphia A Reading.,
•1.538.427 *1,*87,110 1,568,804 1,394,295 cent for seven to eight, and 4 per cent for nine to
Net
•850,573
•700.108
626,287
594.848
Coal A iron C o,,........ ...Gross *1.034,<H
W *1,853,451 1,892,957 1 581.382 twelve months.
Buyers of commercial paper, who
def.0t5.8JO
Net
*110.033 (le£.87,373 tlef.25.i67
Rio G rand* 8cmt h a m ... ...Gross
80,370
27.484
59,790
29,292 have recently been holding off in the hope of obtaining
Net
16.459
11,031
11,548
10,274
Rle Grande Western__
175,705
100,200
145,758
141,870 better rates, are now indisposed to wait longer, aud
53,851
Net
53,406
38.995
33,337
St, Louis A San F r a n . . .
The supply is
402.850
*15,8*0
453,219
• 6 ,7 7 they are accepting current figures.
11 8
157,450
Net
181,215
167,877
155.755
fair and some very good names are coming on the
8aa, Am. k Aran?., Pas*. ...Gross 151.022
143,781
194.509
127.037
38,541
Net
29 854
1B
-.232
31 001
Toledo A Ohio Central...
145,044
141,450
140,454
118.372 market, but there does not appear to be any particular
46,104
Net
44,820
35.858
34.78J
Rates are 3 per cent for sixty to ninety day
Wabash................. 1......
835.059
070.807
9-5.997
9;‘5,158 pressure.
Net
190.568
242,055
190.490
155,473 endorsed bills receivable, 34@4 per cent for first-class
* J&tmloif* f o r tfa ? r years are oika different bMi# from that for the earlier
€ »e
jm n .
and 4@5 per cent for good four to six months’ single
There was a fall on Monday in the price of bar sil­ names.
ver in London to 292 ponce per ounce.
Concurrently
The European political situation continues to excite
there came the announcement that Japan had decided grave apprehensions. The Powers on Monday sent an
to adopt a gold standard for its currency upon a ratio identical note to Greece requesting the withdrawal of
of 324 silver to 1 of gold, and that the silver yen will her troops and fleet from Crete within six days. If this
he gradually withdrawn from circulation and the mandate is not obeyed, it is understood that another
smallest gold piece will be five yen. Japan is the first note will be sent intimating that coercive measures
nation to undertake to coin silver at a coinage ratio will be adopted. The Greeks appear to be united in a
very nearly corresponding to the commercial ratio, and determination not to yield to the demand of the
the result c> the experiment will doubtless be inter­ Powers, and it is not certain that the latter will be in
f
esting. A full summary of the report of the Japanese concord when the time comes to apply coercion.
Currency Commission appeared in the Chronicle of The financial situation abroad remained undisturbed
January 10 (pages 112 to 116), and the above an­ by the events of the week until Thursday,
nouncement shows that a reformation of the currency when consols fell off iu London on a report
baa been decided upon.
that King George of Greece had gone to Thessaly,
The amount of gold turned over to theNew Yoik and yesterday the feeling of alarm extended to
Sub-Treasury this week in exchange for legal tende s the Continental Stock Exchanges. The Bank of
was about $2,000,000, of which nearly $1,750,000 England minimum rate of discount remains un­
originally came from California to banks in this city, changed at 3 per cent.
The cable reports dis­
and it has now been sent to the Sub-Treasury. Over counts of sixty to ninety day bank bills in London
#1,000,000 gold was deposited in the New York Clear­ 1 9-16 per cent. The open market rate at Paris is I f
ing House vaults during the week, making the amount per cent and at Berlin and Frankfort it is 2|- per cent.
ao held by the associated banks $50,400,000. The net According to our special cable from London the Bank
gold in tne Treasury, officially reported from Washing* of England gained £306 bullion duriDg the week and
, ^ t0!l on F fid ay of last week, was 1148,318,532. On held £39,029,576 at the close of the week. Our corre­
‘‘'^'Weiii-r day the Department was a Iviaed that more than spondent further advises us that the gain was due to
f ea $1,500,000 gold had been deposited in the New York £213,000 [imported (of wbioh £L93,000 were from
1 '^ S a b Treasury, making, with the amount of $149,089,- Australia, £14,000 from Portugal and £6,000 from
unfavorably comparisons. The Lehigh \ alley reports
$331,38*! decrease In gross, $185,732 decrease in net;
the Lehigh Valley Coal $60,350 decrease in gross,
♦10,318 increase in net; the Central of New Jersey
♦1 54,353 decrease in gross, $95,351 decrease in net ; the
Beading 1 ail way $248,889 decrease in gross, $115,595
1
decrease in net: the Beading Coal & Iron Company
♦159,385 decrease in gross, $207,532 decrease in net;
and the New York Ontario & Western $15,391
decrease in gross and $80,590 decrease in net. Below
we furnish a comparison for four years of a number of
roads which *are this week submitti d their statements.

Roumania) and receipts of a little over £213,000 net
from the interior of Great Britain.
The foreign exchange market has been dull and
generally steady this week. One feature has been a
shade firmer tone for long sterling, due in part to some
purchases early in the week of these bills for
investment and later to easier discounts in Lon­
don, which, while they practically stopped further
buying for investment, made long bills pref­
erable to short for remittance. Maturing sterling is
being offered in moderate amounts and exchanged for
short without influencing the market; one feature has
been bids of 4 87* to 4 87* for short sterling, deliver­
able in May, which bids may be accepted as an indica­
tion of comparatively firm rates for the next sixty
days. Bankers report a good demand for remittance
for securities sold for European account, but this
inquiry cannot be large, for if it were there would
most likely be an advance in rates or a much firmer
tone for short sterling. The range in the posted rates
for sterling on Monday was from 4 85* to 4 86 for
sixty day and from 4 87* to 4 88 for sight. On
the following day the Merchants’ Bank of Canada
advanced rates half a cent, making pested figures
uniformly 4 86 for sixty day and 4 88 for sight,
and there was no change for the remainder of the
week until Friday, when one of the drawers advanced
long half a cent and another advanced both long and
short half a cent. Rates for actual business were
unchanged compared with Friday of last week, at 4 85
@4 85* for long, 4 87@4 87* for short and 4 87*
@4 874 for cable transfers until Thursday, when there
was an advance of one-quarter of a cent for long,
to 4 85*@4 85*, but no change was male in short
sterling or in cable transfers. Tne tone then was
quoted dull and steady. Yesterday it was very firm,
but with actual rates the same as on Tnursday.
D A ILY POSTED BATES F O B FO REIG N EXCHANGE.
F B I..

M o n ..
3f a r . 1.

86
88
86
88
86
88
86

86
88
86
88
86

86*
83
86
88
86
88
85*
87*

Feb. 36.
B row n B r o s - . . . . J 60 d a y s .
( S ig h t- ..
B arin g
S 60 d a y s .
M a g o u n & C o.. ( S i g h t - . .
B a n k B r itish
5 60 d a y s .
N o . A m e r ic a .. ( S i g h t - . .
B ank o f
(6 0 days.
\ S ig h t -..
C an ad ian B an k ( 6 0 d a y s ,
o f C o m m e rc e .. i S ig h t ....
H e ld e lb a c h , Ick- S 60 d a y s .
e lh e tm e r A Co. ( S ig h t ,...
L a z a r d F r e r e s ... ( 6 0 d a y s .
( S ig h t ....
M e rc h a n ts' Bk. ( 6 0 d a y s .
o f C a n a d a ......... J S i g h t - . .

443

THE CHRONICLE.

March 6 1897.]

TU BS..

W E D ..

T hctr..
M ar. 4.

Mar. 5.

86
88
86
88
86
88
86

86
88
86
88
96
88
86

86
88
£6*
86*
86*
88
86

86
83
96
88
86
88
86
88

86
88
86
88
86
88
96
88

86
89
86
86
86
8«

Mnr. 2. M ar. 8.

86

86
88
86
88
86
89
86

86
88
86
88
86
58
85*
87*

86
88
86
88
86
88
86
88

m

F B I..

88

The market closed very firm on Friday at 4 86@
4 86* for sixty day and 4 88@4 88* for sight. Rates
for actual business were 4 85*@4 85* for long, 4 87@
4 87* for short and 4 87*@4 874 for cable transfers.
Prime commercial were 4 84f@4 85 and documentary
4 84@4 84*.
The following statement gives the week’s movements
of money to and from the interior by the New York
banks.
W tek Bndirm Mar. 5 ,1 8 8 7 .
O u r r m c y . . . ...........................
« o M ..................................
T o ta l g o ld a n d le g a l t e n d e r s ........

Received by Shipped by
N . T. Rink.»• N . T . Banke-

N et In terior
M ovement.

$ 2 ,7 0 1 ,0 0 0 $ 2 ,6 9 5 ,0 0 0 G a in .
$ 6 ,0 0 0
1 ,4 0 0 , OOfl
4 0 0 ,0 0 0 G a in . 1 ,0 0 0 ,0 0 0
$ 4 ,1 0 1 ,0 0 0

$ 3 ,0 9 5 ,0 0 0 G a in .$ 1 ,0 0 6 ,0 0 0

With the Sub-Treasury operations the result is as
follows.
Week E nding M ar. 5 .1 8 9 7 .
B a n k s ’ I n te r io r movement,as above
B a b -T r e a s a r y o p e r a tio n s ............

Into
Banks.
$ 4 ,1 0 1 ,0 0 0
1 6 ,9 0 0 ,0 0 0

O at of
Bank*.

N et Change in
S in k Holdings.

$ 3 ,0 9 5 ,0 0 0 G a in . $ 1 ,0 0 6 , )00

’
*
|
T o t a l g o ld a n d le g a l t e n d e r s . . . . $ 2 1 ,0 0 1 ,0 0 0 $ 2 1 ,9 9 5 ,0 0 0 L o s s .

’
$ 9 9 4 ,0 0 0

The following table indicates the amouat of bullion
In the principal European banks this week and at the
corresponding date last year.
Gold.
£
E n g la n d ..........
P r a n o e ..............
G erm an y. . . . .
A o « t.* H u n g ’y
S p a in .................
N e t h e r la n d s .
N a L B e lg iu m .

M ar. 5 , 18 9 0 .

M ar. 4, 1897.

B ank of

39,029.576
76,589,741
30,529,334
30,961,000
8.523.000
2.633.000
2.750.000

Silver. |
£

1

Total.

Gold.

Silver.

Total.

£

£

£

£

................ 39,029,570
49,224,030,125,813,777
15,204,666 45,794.000
12,602,000 43,623,000
10,820,000.' 19,343,000
6,929,000- 9,562,000
1 ,3 75,0001 4,125,000

48,957,149
78,071,204
31,548,290
25,422,000
8.004.000
2.800.000
2,524,007

48,957,149
49,809,489 127,880,693
15,533,710 47.087.000
12.092.000 38.114.000
10.470.000 18.474.000
0,901,000
9 .7 07.000
3 .7 87.000
1,262,333

T )t» tM i w e e k 19l;O2O,051 96,274,702 287,295,353 197,333,310 96.673,532 29 4 ,0 0 0 ,8 4 2
T o t .p r e v .w ’k 191,712,791 96.847,873 288,560.064 197.502.213 98.010.977 2 9 4 .1 1 3 ,1 9 0

THE S E N A T E :

PAST, PRESENT AND
FUTURE.

No branch of the Government which took offioe
formally Thursday is looked upon with greater interest
and curiosity than the Senate. Questions of very
immediate interest do indeed arise regarding the com­
position and policy of other branches. What attitude
the Cabinet will take regarding foreign relations, what
means the House of Representatives will adopt to
supply sufficient revenue—these are undoubtedly prob­
lems of the first importance. But the Senate’s history
during the last four years has been so singular and its
present attitude on numerous public matters is so
extraordinary that the success, either of a well-ordered
fiscal policy or of a conservative foreign policy, is gen­
erally acknowledged to depend in considerable measure
on the character of the successors to the present body.
It will, for instance, bo remembored that the repeal
of the silver-purchase act, which passed the House in
1893 after two weeks of debate, wa3 blockaded in the
Senate for two months, and very narrowly escaped de­
feat. It was in the Senate that the tariff act of 1894
1896 a still more eccentric action of the Senate de
stroyed the Dingley tariff bill, not by a a outright
vote on the merits of the measure, but by a wholly
irrelevant “ rider” providing for free-silver coinage. In
June of the same year the Senate pa33ed, by a vote
of 32 to 25, a bill withdrawing entirely from
the Administration the power to issue bonds for
maintenance of the gold ressrve. With the winter
session of 1896 the currency dispute shifted suddenly
into a continuous effort to force the hand of the Execu­
tive in the Cuban complication. Daring December a
measure transgressing all precedent of international
law by recognizing the insurgents as a formal govern­
ment failed of passage only because of the Aiministration’s plain announcement that it would not heed such
a declaration. Within a month the whole Senate
resounded with demands for the instant ordering of
war ships to Havana and the iastant release of Sanguilly, whom the committee, when reporting the reso­
lution, knew was to be pardoned if their action did not
prevent it.
This is not new or unfamiliar history. We review it
now because this series of episodes shows up the reason
for the present iaterest in the altered composition of
the Sonate. It is only fair to say that the House has
had its share in the turbulence of the last four years.
It was the House, for instance, which in January
1895, with the Government reserve going to pieces,
rejected by a vote of 187 to 109 a measure for an eco­
nomical bond issue, and which voted down the 3 per
cent gold bond proposition by a majority of 47. A
year later it was the H ouse which de dared, by a vote of

444

THE < HRONTCLE.

fVon. LX IV.

245 to 27, for according belligerent rights to Cuba. But other still existing vacancies, there is no certainty as
these are almoat isolated exceptions. Notably sicca the to the kind of Senator which Oregon, Kentucky or
change in the membership of the Lower House in Decern Florida will elect. But none of these three States
ber 1895, a spirit of relative conservatism has prevailed. could choose a more extreme and ralical representative
Even in 1893, in the height of industrial distress, the than the three retiring Senators. The vote of each is
House, after a statesmanlike and decont fortnight’s inscribed in tho majority on almost every dangerous
deliberation, passed by a good majority tho repeal bill, measure of the session. Therefore the outcome in
which the Senators obstructed for the next two months. these States cannot make the situation any more un­
In short tho people have reasonably come to feel that favorable, while in Kentucky’s case at least the Re­
the House of Representatives, especially as reorganized publican majority on joint ballot in the Legislature of
by last November’s vote, can be trusted by the country. the State ought to ensure a safe incumbent.
The net result then of the changes in the Senate at
It may and doubtless will make its mistakes ; but rash
and hot headed legiRation need not be anticipated. the opening of the new Administration is tho addition
Tne question, then, of foremost interest is, can the probably of several votes to the sound-money member •
Set ate be expected to abando t this session’s policy of ship of the Senate, and with the possibility of further
agitation, and lend a hand to such remedial measures gain when the remaining vacancies are filled. This is
not claimed as a very large advantage, and it is possible
as are imperatively needed ?
The terms of thirty members of the Senate expired even now that the reviving hopes regarding the com­
last Thursday. To fill these thirty vacancies twenty- ing Senatorial session will be disippointed. But recent
seven Senators have been elected; in Florida, Ken­ majorities in the Senate have been narrow. The total
tucky and Oregon no choice has yet been made. Out membership is small; the average attendance smaller
of the twenty-seven Senators whose terms began March still; a change of four votes would, for instance, have
4, sixteen were elected to succeed themselves; the reversed the Senate’s action on the Butler bond bill
actual changes in the Senate, therefore, affect as yet nine months ago. It was the consciousness that they
only eleven seats. As would naturally be supposed were assured even a small majority on the roll call, and
many of these eleven changes are the results of recent that the Administration, whose policies they opposed,
Republican victories. Illinois, Indiana, New York,Ohio could thus be embarrassed in its plans, which nerved
and Wisconsin replace in each case a Democrat by a Re­ the agitators of the recent session up to their pitch of
publican. It happens that in three of the five States recklessness. At the very worst, in the coming ses­
a conservative Senator replaces a predecessor less sion majorities must be fought for, and extremists
conservative; so far, therefore, as these party vic­ take no chances when majorities are in doubt. E x­
tories affect the Senate’s general character, there is no cluding the four Senators who withdrew from the Re­
doubt that an advantage has been gained. It is a publican party at St. Louis, and who remain in the
further advantage too in the consideration of a wise Senate under the new Administration, the Republi­
Administration measure that these new Senators be­ cans had 39 Senatorial votes during the last two ses­
long to the Administration party; they will certainly sions ; on the same basis of reckoning they will have
have lees motive to obstruct or contest a conservative 42 in the present Senate, avith the practical certainty
of another from Kentucky, and probably the votes of
general policy of the Administration.
A lees satisfactory conclusion may be drawn from two or three additional on the tariff issue. This is not
the change in Senators by Idaho, Kansas, Utah and au assured conservative majority, but on the other hand
Washington. Two of these four States, in fact, make there is no possibility of an organized and coherent ma­
a change which may be for the worse. Senator Dubois, jority for the opposition. Plainly, therefore, the out­
of Idaho, was a fanatic on the silver question, but his look for conservative action by the Senate is improved.
It is the commonplace of criticism to ascribe the
position on other matters has been comparatively con­
servative. He is replaced by a foreign-born Populist, Senate’s recent eccentricities to the admission since
reported by the newspapers to be actually illiterate. 1888 of seven sparsely-populated frontier States. Tuat
Similarly in the case of Washington, the new incum­ Idaho, Montana, Utah, Washington, Wyoming and
bent, though nothing is known to the discredit of hia the two Dakotas comprised in 1890 altogether
education or intelligence, comas ai a Populist-silver- only 1,346,071 population, or half a million less
fnsionist, and replaces Senator Squire, who has been than the present population of New York Oity
far more moderate than the average delegate from the alone, and that in spite of this they carry four­
newer West. The new Kansas Sanator is a man of teen votes in the Federal Senate, speaks as to
some ability. His predecessor, Ssnator Poffer, was a logical consequences for itself. The principle of
rather absurd figure in the Senate, and the general equal Senatorial representation by States, a3 the “ Fed­
body will not suffer by the change.
eralist” itself remarked a century ago, was “ the result,,
Of the two remaining seats whose membership has not of theory, but of a spirit of amity, and that
been already altered, both are decided changes for the mutual deference and concession which the peculiarity
better. Mr. Penrose, the newly-elected Pennsylvania of our political situation rendered indispensable.”
incumbent, a perfectly safe public legislator, takes the But no such haphazard admission of communities to
place of Mr. Cameron, whose voice and vote have Statehood ai has characterized the last eight or Dine
been lent during the lftjt two sessions to almost years was contemplated, even in the compromise of
every extreme and dangerous measure under consid­ 1789. During the greater portion of our history the
eration. In South Carolina Senator Tillman, in system worked so well as to confirm Judge Story’s
hi* effort to elect an associate as much in sym­ view that to the National Government, as a whole, the
pathy with his own wild legislative programme Senate is “ the real balance-wheel, which adjusts and
as the outgoing Senator has been, failed en­ regulates its movements.” Such a function it may
tirely ; his colleague in the present session is a citi­ again some day perform, but not until the constituent
zen of standing and reputation, chosen distinctly communities of the newer States have grown in popu­
at an enemy of Tillmanism. As for the tim e lation, industry and conservatism. That such a happy/

Mabch 6, 1897.j

THE CHROMOLE.

issue to the problem is, however, ultimately not impos­
sible, the career of Minnesota among the younger
States is interesting witness.
Another factor in the recent extravagrnces of the
Senate is more temporary in its character and there­
fore may be removed more quickly. The influence of
industrial distress and discontent, especially when it
takes the form of sectional opposition, is naturally
emphasized in the Senate, where the conservative
voice of business communities has a relatively smaller
hearing. But this is nothing new in the history of
Congress. The same phenomenon was witnessed
twenty yea^s ago in the hard times which followed
-the collapse of 1873. The Senate of the Congress
which took office in December 1877 was Republican
by a majority of three, and the Republican Admin­
istration stood emphatically for conservatism and
sound money. Yet in that single session
the Senate passed a concurrent resolution de­
claring for the payment of Government bonds
in silver, and Republican Senators, one from the
President’s own State, took the floor personally to urge
repeal of the resumption act. The denunciation of the
business interests of the investing community gener­
ally were as reckless in the Senate then as they have
been during the late Administration. Precisely the
same result has followed every similar period of depres­
sion. But the industrial recovery of 1879 instantly
quieted this outbreak of fanaticism; the Senate re­
turned to something of its old-time dignity and con­
servatism. The immediate future of Senatorial debate
and vote depends to some extent now on the course of
trade recuperation.
R E V EN U E DEFICITS AND THE TR E A SU R Y
OUTLOOK.

An increase in the Government debt is the notable
feature in the Treasury figures this month. It is es­
pecially notable not only because it is an interesting
fact considered by itself, but more than that, because
through its connection with the revenue and disburse
ments it becomes a kind of key to the Treasury situa­
tion in all its parts. Ordinarily it would be supposed
when an increase of debt was announced that it meant
a new issue of bonds had been made. Nothing of that
kind has had anything to do with the increase on this
occasion nor in any recent previous month (except in
a trifling amount brought about through the redemp­
tion of the 4 per cent certificates), and yet the debt
statement issued the first of March shows an addition
for the month ending February 28 1897 of $4,592,137 10, for January an addition of $15,078,735 22,
and since the new fiscal year began, June 30 1896, an
aggregate addition to the Government debt of $57,303,200 07.
These figures, we repeat, are useful and worth a
.careful study, since they bring up the whole subject
of our Government finances. They show first of all
•how it is that notwithstanding this large increase of
Jdebt there has been no corresponding increase in
■ floating or bonded debt; they disclose that this
the
(circumstance has been made possible by a decrease of
the cash balance in the Treasury and by an enlarge•ment of the amount on deposit in the Treasury for the
redemption of the national bank note circulation;
and, finally, that the decrease in the cash balance has
been due to a deficit in the Government revenue
caused by smaller receipts from taxes in the face of
•enlarged appropriations

446

Our readers are aware that the bids for the last bond
issue were opened on the 5 th of February 1896 and
that the amount of the bond offerings by the Govern­
ment at that time was 100 million dollars; a3 the
average price obtained was a little less than 11D17,
the proceeds of the loan reached $111,166,232 65. To
make a long story short, the final payment for the
bonds was made in June and the last remnant of the
bonds was then issued. Previously, month by month,
as the bonds were taken up, they appeared in the debt
statement, but it was not until the first of July state­
ment that the full 100 million issue was included. The
condition of the accounts before these transactions were
begun and after they were completed may be given
approximately as follows. We say approximately be­
cause we have not the exact Government figures for
the day when the first payment and the last payment
for the bonds were made, and consequently for com­
parison U3e the figures issued on January 31 and June
30, those beiDg the regular monthly figures of the date
just previous to the first and just subsequent to the
latter transaction. We add similar figures for Feb­
ruary 28 1897 issued this week.
Groaa U nited
Jan . 31, 1896.
June 30, 1896.
tc b . 2 8 ,1 8 9 7 .
States d e b t..$1,124,638,015 90 $1,222,729,350 40 $1,225,437,709 40
Treasury casb
balances.......
171,591,778 27
267,432,096 70
212,837,255 6 3
Net d e b t..

953,046.237 63

955,297,253 70

1,012,600,453 77

As remarked above, this exhibit does not accurately
represent the working out of the bond transaction, be­
cause the dates are such as to include a few days prior
and subsequent to the period it covered; then there is
another reason why they are not exact, and that is
because they do not include the variations in the
national bank note redemption fund. They are how­
ever near enough to disclose the operations incident to
the lean and to show about how much more of debt
increase the monthly statements may record before there
is any further addition to the gross Government debt.
The foregoing statement, as will be noticed, indicates
that on June 30 1896 the gross debt had increased since
January 31 a little over 98 million dollars; the increase
would of course be exactly 100 million dollars if every
disturbing movement other than the bond sale could
be eliminated and the figures adjusted to the correct
dates. During the same time (five months) there was
only a trifling increase in the net debt of 2 4 million
dollars; were the figures in this case all adjusted to the
correct dates and other disturbing transactions
eliminated, the statement would have shown a
decrease in the net debt equaling the premium paid to
the Government on the bonds ($11,166,232 65) by the
purchasers. The reason for this difference between the
gross and the net debt is that the sale of bonds was to
obtain gold to replenish the gold reserve and conse­
quently the proceeds were not for immediate disburse­
ment; they went into the cash holdings and appeared
in the Treasury cash balance. Had it not been for the
deficit in the revenue the net debt, notwithstanding the
bond sale, would never have shown any increase but a
decrease to the amount of the premium paid for the
bonds. It is obvious therefore that the deficit and the
consequent disbursement of the cash balance are the
whole cause of the increase in the net debt every month
now except the comparatively small changes which take
place by reason of the variations in the holdings of the
fund for the net redemption of national bank notes and
the redemptions of the outstanding 4 per cent scrip.
A further point of interest relating to the same
matter is how far this deficit has already depleted the

THE CHRONICLE.

446

m liaS&iiigs and absorbed tt
i#b
what is there left
eale; also 1
Treasury oash to meet future deficits in the revenue,
The above exhibit gives th data for answering the
,4
inquiry. 1 am? bs Miuwii i that the cash balance
January 31 1896 | $171,591,71 $] was as small as oau be
Bafely Perulilted to occur ai ain. On the supposition
he deficiencies during the neat few mouths will
tbs
not in excess of the monthly average for the last
eight months, it will readily be seen that the Treas­
ury could in that event be run beyond the 1st of
Angun before the cash holdings would be so far absorbed us to bring the balance down to the amount
on hand January 31 189(1. This is shown by the fact
that the net debt June 30 1896 was $955,297,253 and
on March 1 1897 it was $1,012,600,453. Hence,
during eight months the net deficits in the revenue
have been $57,303,200. On that basis we have an
average for future monthly deficits of $7,162,900,
assuming that there Jwill be no change in either
receipts or disbursements. This last assumption, how­
ever, with reference to prospective income and
payments is hardly authorized. The outlook at the
moment is that the future outgoes will average
larger than in recent past months even during the re­
mainder of the current fiscal year : and that, with the
additional interest payments as July, disbursements
will be very heavy.
With reference to receipts, if business increases mater­
ially, as it now promises to do, the tax laws even as they
stand will yield a materially larger revenue than they
have in late months. Without any change in the taxes
the existing rates, with business active, would no doubt
produce three or four million dollars more a month than
they have yielded since June last. Besides, the laws will
be changed, certainly by the first of July, and it is not
unlikely that in some particulars changes may go into
effect before that date. Altogether, it seems probable
that the unfortunate period of deficits is rapidly draw­
ing to an endi With that fact assured the new Ad­
ministration enters upon its term of office under finan­
cial conditions of much greater uromise than existed
four years ago.
There is another set of facts, too, which, as we all
know, afford a feature of far greater stability to the
situation now than bar existed for several years. We
refer to our very favorable trade balance, which stands
as a guard over our Treasury gold reserve, and to our
enlarged gold supply in and out of the Treasury. The
Mint reports;the gold coin in the United States on March
1 1897 at $655,672,099 and gold bullion $46,849,025,
feeing a total of $702,521,724, against a total on
March 1 1893 of $027,490,086 and a total March 1
Ib36 of #612,989,590. What is, perhaps, of more
importance is that the net gold holdings in the
Treasury on March 1 1897 were $148,601,209 and
increasing, whereas on March 1 1893 the net holdings
were $103,284,219 and declining ; on August 8 1894
the v bal dropped to only $52,189,500. Below we give
th<- Government cash holdings March 1 and January 1
of U year and 'ast year.
'
M th - 1 m . J a n . L ’07.
.
§
iiiA m
4M i

■mm
n m m ___ .... m *
_
shp
15 A tcifi&i
*q
t. h' *
■ fuf*-’' 148
* '*
*
mm w rm m m it f i l t e r . . . . . . .
W jft
iH*»«#'© t If;■ft*
:»
liM-iif, ....
C**h t« 1t n l s it iah-treat*...2If* *73
Ur Ue r f aili #t JleMllilee, * m t.. 40*446,
, , M m u m t«
•
®mwrwim officer**
!

137,816,543 HS,6*1.*09
UM»S7(98# IH.MH.ieS!
*■6,045*060 32,0'iM B S
'•
’
73,3®?.4**1 84,083.258
B.m.i'itl
H.fSMtJi'AH 14,278,070 1S,'*«,9S|
1 *.215,760 U.805.02.1

$3,170,7*1.

'

256.W7.S35
16,460,041

271,620,480
*3,266,118
262.707,007 22S.320.380

*3,110,62

IVoL, LXJY,

THE LAKE SHORE BOND SALE.

The arrangement by which the Lrke Shore & Mich­
igan Southern Railway Company effects the sale of
$50,000,000 of 3$ par cent bonds, to refund at or
before maturity the present outstanding 7 p 3 r cent
bonds, is already seen to be a tra reaction of far reach­
ing importance, not only in its bearing upon the fu ­
ture of the Lake Shore Company, but as a factor in the
general railroad situation. The amount involved
would alone stamp the undertaking as of the
first rank. The fact of chief importance however
is the low rate of interest at which the loan has been
placed. That gives it a wholly distinctive character ;
for it demonstrates that notwithstanding all the ad­
verse occurrences in the railroad world there are some
railroad properties whose standing remains very high.
It also serves to direct attention to the advantages to
accrue to other properties of this description from the
approaching maturity of high-rate interest bearing
bonds. A t the same time it fixes what will be con­
sidered a new standard for the credit of American rail­
roads.
We say it fixes what will be considered new stand­
a
ard because it is not strictly correct to assert th at this
is the first instance where any of our roads have
borrowed money at 3^ per cant. The Pennsylvaoia
Railroad during 1895 floated £1,000,000 of sterling
bonds, bearing only 3-J per cent interest, at, we
believe, par. The Illinois Central as early as
1886 negotiated a 3^ per cent bond issue.
This
issue is quoted to-day in London at 100@102. Both
these bonds and those of the Pennsylvania Railroad
are secured by a very superior lien, just as are the
bonds of the Lake Shore. In more recent years the
Illinois Central has placed a number of issues of sub­
ordinate liens and these very naturally have been
marketed on less advantageous terms. We may refer
to another case : The $6,000,000 of Boston Terminal
Company first mortgage bonds, issued to build a
Union Depot at Boston for the Boston & Al­
bany, Hew England, Boston & Providence, Old
Colony and New York New Haven & Hartford com­
panies also bear only 3£- per cent interest, though
these are short-term bonds maturing August 1 1898.
All these cases serve to indicate what can ba done
when both the lien and the credit of the company
making it are of the highest order. The Lake
Shore negotiation will attract attention beyond
any of these by reason of its magnitude
and the special features connected with it, and
ako by reas on of the time and the manner in which it
has been carried out. That any road in this country
should be able to borrow at 31 per cent is, of course, a
very noteworthy and flattering achievement. Notwith­
standing the instances we have mentioned occurrences
of that kind are very rare. It should be remembered,
too, that such a low rate means a great deal more in
this country than it does on the other side of the A t­
lantic, for in the United Slates there is not yet such a
superabundance of capital and accumulated wealth as
there is in Europe. As a consequence people expect a
better return. This applies even to European investors
when making investments in this country ; they come
here as a rule to get a higher remuneration for their
capital, it being difficult to find prime investments in
Europe which net a return at all satisfactory. Of
course a process of equalization is gradually going on,
and w; aj'doubt regarding our currency system re­

Mar ch 6, 1897.)

THE CHRONICLE.

moved, the difference in that respect we must expect
will eventually narrow down to small proportions, and
finally disappear altogether. This latter thought gives
point to a recent criticism contained in the “ Econo­
mist," of London. Speaking with reference to the
prevailing practice in this country of issuing 4 per
cent bonds running a hundred years, called “ centu­
ries," the writer thinks the practice a mistake, since
it deprives the issuing company of the advantage to be
derived from a further lowering of interest rates in
the future. The “ Economist” argues in favor of a
term of not over fifty years.
We think there is force in our contemporary’s sug­
gestion. From what has been said, however, it is evi­
dent that at present a 3^ per cent loan like that of the
Lake Shore is possible only where all the surrounding
circumstances and conditions are of very exceptional
character. Just at this juncture, too, such a nego­
tiation possesses more than ordinary significance. For
nearly four years now TJaited S'.ates railroads have
passed through an unusually trying period. The Lake
Shore sale shows that investors and bankers have by no
means lost faith in American railroad enterprises as the
result. Again, the event must be taken as evidence
that in the opinion of the banking interests who
have undertaken to carry through the negotia­
tion the indications point to a decided change
for the better in the railroad situation and in the gen­
eral business outlook. The earliest of the Lake Shore’s
maturing loans has over a year to run yet, and of the
two large issues the first does not fall due until July
1 1900. Consequently an engagement of such magni­
tude, involving fifty million dollars, would not
have been undertaken (notwithstanding the individual
merits of the bonds) if the times were not considered
propitious and opportune.
As concerns the Lake Shore itself, the refunding of
the bonds at one-half their present rates is an event
whose importance is hardly to be over-estimated. Look
ing back over the history of the property during recent
years and observing the conservative way in which it
has been managed, it is seen that the result is just what
one should expect. In one respect the position of
this property has been entirely unique. Our readers
are familiar with the stereotyped remark, which
has become a feature of the annual reports, that all
betterments and other outlays have been included in
operating expenses, that nothing ha3 been charged to
construction and equipment account since 1883. As a
matter of fact, the construction and equipment outlays,
for which no charge has been made to capital account
(they having been paid for out of earnings) have in
this case been unusually heavy. A second track,
almost the entire length of the road, has been laid.
Even as recently as January 1 1839 the company had
only 273 miles of double track ; January 1 1896 (the
figures for 1897 have not yet been published) there
were 491 miles of such track ; besides this there were at
the later date some 10 miles of third track against none
at the earlier date, and 711 miles of sidings against
only 598 miles. In addition, new and heavier rails
have been put in, new and heavier bridges built,
grades reduced and numerous other costly improve­
ments made.
The equipment has been practically all renewed dur­
ing the seven years. More than that, it has been verv
grea’ly increased. The number of cars owned Jan. 1
1896 was 19,872, against only 17,774 cars January 1
1889—that is, over two Jthousand new cars have been

447

added. And this does not show the full extent of
the improvement, as the capacity of the cars now
is very much greater than it was a few years ago.
Over fifty locomotives were also added during this
period. And all this has been done out of income.
The company in one recent year charged up against
earnings over 2^ million dollars for new equipment
purchased. The amounts of the expenditures for
improvements and additions to track and equipment
have been graded chiefly by the size of the earnings;
when earnings have been large, the improvement and
betterment outlays have been also large, and vice
versa. The following furnishes a record of these
extraordinary expenditures for the seven years from
1889 to 1895, inclusive.
Total
Jor
new equipm ent.

E q u ip m en t
i n excess
o f replacem ents.
$

New tra c ks ,
heavier
bridges ,
etc.
$

Total
extraord in a ry
outlays.

1895....
1894.... .... 118,089
1893....
*
1892....
1891.... .... 974,890
1890.... ....1,219,522
1889.... ....1,332,627

50 ,0 0
0 0
nil
536,134
nil
320 0
,0 0
550 0
,0 0
90 ,0 0
0 0

36,856
35,745
478,822
1,166,512
1,016,367
1,204,244
965,736

$
536,856
35,745
1,014,956
1,166,512
1,336,367
1,754,244
1,865,736

7,425,701

2,806,134

4,904,282

7,710,416

$

*New eq u ip m en t p u rc h a se d th is y e a r w as c a rrie d in an open ac c o u n t
an d c h a rg e d th e n e x t y ear.

It will be seen from the foregoing that altogether
the expenditures for new equipment during the seven
years have been $7,425,701. This represents both pur­
chases in replacement of equipment worn out aud de­
stroyed, and purchases for absolute additions to the
equipment. It i3 not always possible to get the exact
division between'the two classes of purchases, but as
nearly as can be determined from the reports $2,806,134 at least of the total of $7,425,701 spent was in
excess of the amounts required to mike good losses
for equipment broken up. Besides this, $4,904,282
was spent during the seven years for new tracks,
heavier bridges, etc., making together $7,710,416. It
should be understood that no portion of this covers
expenditures for ordinary repairs and renewals. They
represent entirely outlays for betterments, improve­
ments and additions, and are independent of the repair
and renewal expenditures.
At $7,710,416 for the seven years, the amount per
year averages over $1,100,000. We do not know what
the outlays in this way were during 1898, but presume
they were inconsiderable, a3 earnings were small aud
conditions were unfavorable. With 1896 included
we suppose the outlays for the eight years would be
substantially the same as for the seven years, making
the average for the eight-year period, roughly, say one
million dollars per annum, or about two per cent on
the company’s stock.
We have stated that the amounts of these extraor­
dinary outlays from year to year have been graded to
meet the size of the company’s earnings, being large or
small accordingly as earnings were large or small.
This is well shown by the fact that the net. earnings
have been kept nearly unchanged in the face of wide
fluctuations in the totals of the gross earning3. Daring
the eight years from 1889 to 1896, the gross has been
as small as $19,487,197 and a3 large as $23,685,933,
but the net has not varied much from 6£ million dol­
lars during the whole period, having been $6,639,745
in 1889, $6,645,279 in 1890, $6,798,711 in 1891,
$6,612,192 in 1892, $6,562,020 in 1893, $6,371,802 in

448

THE

OHRONLGLE

1894, #6,147,815 in 1895 and #6,382,338 in 1898. It.
h.*w evidently been the polioy not to show surplus earn­
ings much in excess of 6 per cent on the outstanding
stock, the amount reported earned for the stock hav­
ing been 6-50 per cent in 1889, 6*67 per cent in 1890,
6*95 per cent in 1891, 6*54 per cent in 1892, 6*46 per
oent in 1893, 6*00 per cent in 1894, 6'12 per cent in
1895 a ad 6*11 per cent in 1896. Besides this we have
g^t, an average of two per cent per year has been spent
out of earnings for outlays for improvements and
additions.
With the refunding jf the company's debt at 34 per
cent, .i i entirely now factor enters into the accounts.
The total of the direct debt in 1896 was $43,442,000 and
the annual interest charge $3,040,940. If we suppose
that the whole 50 millions of 34 per cent bonds will he
required to carry out the exchange ($*24,692,000 of the
old bonds do not mature until December 1 1903), the
interest charge after conversion will be only $1,750,000,
a faring of $1,290,940 per year, equal to 2*61 percent.
In other words, taking past earnings as a guide, there
will be this much additional net income each year.
In order to indicate just what the situation will be
on this new basis, we have prepared the following
tabular comparison.

[VoL, u u v.

THE PENNSYLVANIA RAILROAD ANNUAL
REPORT.

The annual report of the Pennsylvania Railroad fur­
nishes new proof of the strength of this great property
in a period of adversity. For of coarse no one will
attempt to gainsay the fact that the year 1896 was a
period of extreme depression and very trying con­
ditions. The Pennsylvania had been put to a severe
test in 1894, when the railroads sugared at once from
trade prostration and from acombination of unfavorable
circumstances and events without a parallel in the
history of the country. Taken all in all, 1896 was
perhaps not as poor a twelve-month as 1894, and yet
the depression in trade was at times more intense even
than during 1894. And this depression touched the
Pennsylvania more deeply than any other system, be­
cause it was most pronounced in the coal and iron
trades, upon waich that system so largely depends.
As we have stated on previous occasions, the Penn­
sylvania, though not a distinctively coal-carrying road,
carries more coal over its lines than any other system.
The depression in trade h it it in a double way so far as
this large item of freight is concerned—first by reason
of the prostration of manufacturing industries gener­
Amt. left Saving in
Total for
Improvement ally and second because of the special prostration of
for Stock. Charges.
Stock.
Expenditures. the iron and steel trades, which are the industries of
$
$
$
P. C.
$
PM. paramount importance in the territory traversed and
1896 ..... 8 02*3,838 1,290,910 4,313,378=8*73
.
grid-ironed by the Pennsylvania lines. Tne effect is
1697,........ 3,028,315 1,290,940 4,319,255=8*73
530,858=1*08 strikingly illustrated by a little three-line statement
1894 ......... 2,968,939 1,390,9-10 4,359,879=8*61
35,745=0*07
in the present report, which may escape the attention
1893.........3,106,641 1,290,94 ) 4,487,594=9*07 1,014,958=2 05
This statement tells us that the
37,703=9*15 1,186,513=2*36 of most readers.
aggregate coal and coke shipments over the Pennsyl­
1891........ 8,439,460 1,390,940 4,730,400=9*56 l,386,367=2*7o
1890....... ,3,3 jQ,544 1,290,940 4,591,484=9*28 1,754,244=3*55 vania Railroad Division during the year 1896 were only
1889,...... 3.2! 0,276 1,390,910 4,507,316=^*11 1,865,730=3-77 23,241,573 tons, against 26,799,052 tons in 1895. In
It thus appears that had the company’s charges in other words, there was a loss in the coal freight of over
the past been no heavier than they will be in the future, fif million tons, or 13J per cent. And this covers
the amount available for the stock would have been merely the principal division in the system.
above 8 per cent for each of the last eight years—the
-A
The depression in the iron trade must have been an
smallest amount being 8*61 per cent for 1894, and the equally serious matter. Of course as far as this di­
largest 9*56 per cent for 1891. This is the result, too, minished the demand for coal the result is reflected iu
after very heavy expenditures out of turnings in the way the curtailment of the coal shipments and explains the
shown above—that is for new equipment, new tracks, magnitude of such curtailment. But the iron trade
bridges, etc., etc. These expenditures have been equal yields other large items of freight independent of the
to an additional 3 @ 4 per cent on the stock in some coal tonnage. There are, for instance, the shipments
of the years—having been 3*55 per cent in 1890 and of ore and other raw materials, then the shipments of
3*77 per cent in 1889.
pig metal, and finally the shipments of iron and steel
With such a record before us, and bearing in mine in its various finished forms. All these were neces­
th at the new botds will be an absolute first mortgage sarily affected in the same way. During the early
on the system, and that the favorable results shown part of the year business was still quite active,
have been made on a freight rate of leas than six the impetus afforded by the trade revival of 1895
mills per ton mile, it can be no surprise that the com­ having extended into 1896. But later in the year,
pany should have been able to float a 50 million loan with the growth of the silver movement and the declar­
bearing only 3 | per cent interest and that both bankers ation of the Democratic Party for free silver, business
and security holders should be anxious to secure some in many branches of trade came almost to a standstill.
of the bonds. The interest charge on the issue will be
Asshowing the effect on the production of pig iron, we
only *1 ,750,000, while, as we see, the surplus over may note that on October 1 1896 the output was only
and above that amount has beeD, daring the last 112,782 tons per week, while on November 1 1895 it
eight years, between 4j million and 4f million dollars had been 217,306 tons per week, beiDg a contraction
per year. Such an exhibit is at once evidence of the between these two extreme periods of nearly fifty per
strength of the system and the excellence of its man­ cent, or at the rato of 5J millions tons per year.
agement, and shows how wise and successful the policy It should also be remembersd that the bulk
pursued in the administration of the property has been. of the iron made is produced in Pennsylva­
It is also obvious, however, that there are such excep­ nia, Ohio and Illinois, where a large part of
tional elements of strength in the Lake Shore case that the lines of the Pennsylvania system lies, and hence
even und< r the beat of circumstances not every com­ the contraction fell with special severity on those sec­
pany can be expected to attain the same high state tions. The States mentioned also furnish the bulk of
of credit, though of course it is a standard that all the steel output. We showed last week that in the
should aim for.
productionof Bessemer steel ingots in the United StateB

Ma e ch 6, 1897.J

THE CHRONICLE.
------

there had been a contraction as compared with 1895 of
nearly a million tons—in exact figures, 989,222 tons.
Of this shrinkage 686,110 tons wa3 in the output in
Pennsylvania, 86,426 tons in that of Illinois and
151,419 tons in that of Ohio. In other words, of the
total loss of 989,222 tons in the prodution of Bessemer
ingots last year, 923,955 tons occurred in these three
States. What a great difference in the traffic of the
roads a loss of nine hundred thousand tons in the
production of steel means is of course too obvious to
need emphasizing.
There were some favoring influences daring the
year, in which the Pennsylvania we may suppose par­
ticipated to the full extent. But the effects of these
may easily be exaggerated. One of the favoring fac­
tors was the large grain crops both in 1896 and in
1895. The benefits here, however, were not up to ex­
pectations. In the first place the low prices ruling for
grain (except for wheat the latter part of the year)
retarded the movement to market, and in the second
place the competition of the routes to the Gulf ports
deflected a part of the movement in that direction.
The existence of the Joint Traffic Association must
also be considered as having been an advantage in the
affairs of the year. But the benefits were negative rather
than positive. The importance of the Association cer­
tainly cannot be over-estimated. It prevented demor­
alization at a time when a collapse in rates would have
been inevitable except for its existence, and on the
whole it has worked remarkably well. At the same
time no one must make the misfake of supposing that
it raised rates. That it did not do this is evident from
a very cursory examination of the traffic statistics
in the present Pennsylvania report. We have seen
that there was a falling off in the coal tonnage in
the amount of over 13£ per cent. Coal, as is known,
is moved at very low average rates. With such a large
proportionate falling off in the traffic bearing the low
est rates, we should expect a decided increase in
the general average per ton per mile. What do we
find? The company realized an average on the lines
east of Pittsburg and Erie of only one hundredth of a
mill more than the average for the previous year—that
is, as against 5 ’63 mills per ton mile in 1895 the aver­
age in 1896 was 5-64 mills.
The report all through affords evidence of the trying
conditions which prevailed during the year and the
great loss in traffic resulting from the same; but it also
shows how well the company passed through these con­
ditions. Taking all lines owned and controlled, both
east and west of Pittsburg and Erie, aggregate gross
earnings fell from $130,319,353 in 1895 to $123,634,.
120 in 1896, and aggregate net earnings from $39,425,744 to $35,304,791. In other words, there was a
loss of 6f million dollars in the gross earnings
and of 44 million dollars in the net earnings. The ex­
tent of the loss in traffic represented by this falling off
appears very clearly in the record of the freight move­
ments. In the actual number of tons of freight trans­
ported there was a decrease of nearly 124 million tons,
the amount having dropped from 157,665,409 tons in
1895 to 145,192,614 tons in 1896 ; in the tonnage
movement one mile there was actually a contraction of
over a thousand million tone, the total having fallen
from 14,202,881,094 tons to 13,197,645,843 tons.
It is when we examine the income account for the
year that we see the strength of the system. In face
of the falling off in traffic and revenues the income
statement shows the five per cent dividends for the

44 91
■

-

""

■■
■ —a.--

year, calling for $6,465,122, earned, with a surplus o
$766,700 left over, and this, too, after spending in ex­
cess of 1-J million dollars ($1,516,898) for elevating
tracks, revising grades and other improvements and
additions. Every one will agree with President Thom­
son when, in speaking with reference to the outcome for
the twelve months, he says: “ In view of the severe
business depression prevailing during a large portion
of the year, and the consequent reduction of traffic
and the sharp competition between the transporta­
tion interests, the results must be considered satis­
factory.”
The expenditures upon new capital account were
larger in 1896 than in 1895, but this followed simply
from the improved business early in the year. On the
lines east of Pittsburg and Erie the capital expendi­
tures for the twelve months were $3,820,845 and on
the lines west of Pittsburg and Erie $2,380,099, making
$6,200,944 together. In 1895 the total had been
$4,598,258. When during the summer earnings fell
off so heavily (in some months the last half of the year
the company suffered a loss in gross earnings of nearly
two million dollars), it was determined to stop all new
work. Says Mr. Thomson: “ It was deemed prudent
to not only restrict the expenditures on construction
account, but also to discontinue a large portion of the
work which had been authorized in the revision of
alignments and grades upon the line.”
This illustrates how seriously shortened revenues on
the railroads affect the general range of industries.
The Pennsylvania in one recent year spent over 21
million dollars upon capital account, keeping many in­
dustries active and giving employment to thousands of
men. But that was in 1892, when conditions were
radically different. Now, with business dull and earn­
ings falling off, the management have no alternative
but to strictly limit their outlays. The funds required
for the expenditures on the lines east of Pittsburg and
Erie during the late year were obtained from the pro­
ceeds of the sale in 1895 of 34 per cent sterling bonder,
the sale having been made at that time because, as
President Roberta stated, though the company did not
then need the money the terms offered were so advan­
tageous tt a , it was thought advisable to close the
transaction. The fact is an interesting one, in view of
the negotiation this week by the Lake Shore of a 34
per cent issue. The balance sheet of the Pennsylvania
shows current liabilities December 31 1896 of $18,258,723, offset by $20,071,603 of cash assets, $10,655,552
being in actual cash.

RAILROAD

GROSS E A R N I N G S I N

1896.

We gave last week our usual compilation of the gross
and net earnings of United States railroads for the
late calendar year. That statement covered all roads
from which we were able to procure returns of both
gross and net. In addition we have returns of
the gross alone for quite a considerable mile­
age, and following our practice in other years
we present a supplementary table combining the two.
The final result is much the same as disclosed by our
totals last week—that is, the aggregate shows very
little change from the year preceding. The object in
giving this additional table of course is to get a still
more comprehensive exhibit a3 to the gross than that
furnished last week. The statement now covers 166,203 miles for 1896, with earniDgs of $1,154,684,505 in
that year, against $1,154,450,923 in 1895.

THE CHRONICLE

450
EAKKlHOB

CALENDAR YEARS.

POE

1895.

ISM .

Ja n

s
1,011,937,754

T reV
A<
5.11*

11,730,982

ll,3 3 f i

f« r Ii
ET f 5.1

jf«* Of, 4
W
JO abttcna A Y
ok»u gtaoY*
Ann Arbor ..
: , C b t* . & A
U
CtUe„ A E ast . B! S . . . . .

( !iK% lV*r!» * St. L ...
Cbie. E . X & P«e.........
O il
& P o rt
CoS, Bonk. Val. A Tol..
Col. Ban*!. A HiH’ltlnK.
o»l>*» A l , . i » ..............
P u l. So. sbotv A A t!..
a Intliaupolls.
Av&it.v, A T erre II—
F la. C ent. A P eoln ...
l i r r . t N o r t h e r n . .......
G ulf B eaum ont A K. C
latern*!A U t .N.Tlh’ii \

Iot*rore.mlo (Mrx.l...

K*ii. C B iltsh. A Giitf ;
K *n C. Suburban Belt
P our Islan d .. . . . . .
Dos Angeles T erm inal
M i x i t u R ailw ay .......
M exican -kiutliern___
Mo. K an. * T e rs e .......

.....

N orthern Pactflo.........
Octmeo <t W estern . . . ,
OUto R iver & Chari" n.
Ohio S o u th ern ..............
P lttsb , Slien A I,. E rie.
Quin Of O m aha & K. C.
« L Chit*. A St P au l.
St. P au l A D u lu th .......
Slier. Hhsvv. A S o ilt'n .:
T e x a n * P acific..........
W heeling A L. E rie ...
M iles of ro ad Deo. 3 1 ..

1.325.058
fiOA.853
5?l>,723
X.160,126

<86,760

3.S 8t,735

881,626
15.421,608

*11.162

2,480,924
807,011
10.691
1,904,843
288,889
1,058,618

2,002,885
19,032,093
97,315
3,52 >,384
2,331,368
885.759
340,560
3.935.059
83,379
3,370,022
540.960

11.746.244
22 , 012,000

18,673,77.1
30.509
186,853
688,336
032,349
294,711
297,847
1,534,572
314,943
6,793,735
1,310,498

h itr m s e . O ter'st.
$

8
806,862

315,747 709,988

74,554
1,399,612
49,910
558,943
33,159
543,564
1.10S.835
54,191 ....
. . . . . . . . 16,010
503,379
10,947
3,873,788
. . . . . . . . 44,763
935,788
07,873 ___ . .. .
15,353,925
5,008
66,228
173,553
2,051,182
00,690
873,004
1,314
18.277
92.719 . . . . . . .
1,811,824
15.730
302,309
. . . . . . . . 39,346
1.095,901
1,898,464 104,421
18,126,386 1,505,707
23.278
74,037
3,278.229 244,155
54,084
2,277,284
575,423 290.336
62,791 ...
277.769
108,525
4,043,584
82,103
145,182
3,239,896 130,126
63,073
483,897
11,000,135 686,109 . . . . ___
. 660,004
22,672.001
112,872
....
19,088,048
29,841
7,165
37
186.818
88,176
774,512
11,132
621,217
34,521
200,190
21,156
276,091
33,962
1,569,534
10,392
355,335
216,522
7,015,307
54,646
1,365,194

1,154,450,923
165,464
166,203

233,582 . . . . . . . .
739

We also bring forward the following statement show­
ing all increases or decreases in excess of $200,000,
corrected so as to include the additional roads now
incorporated.
PRINCIPAL CHAKGKS rs GROSS KAHN I KGS FOB 1 2 M O N T H S .
In c re a se * .
C anadian P a c ts o ......... $1,740,581
G reat N o rth an i........... 1,505,707
N orfolk & W estern ... 1,4*9,779
B altim o re A O hio....... 1,254,610
LehH'h Valley!'
....
9 ‘ 0,206
Atch. Ton. A 8 . Fe.......
915,263
Chic. Mil. A St. P a u l..
744.383
M exican C e n tra l.........
712,154
Mo. K an, A Texas____
636,109
t"i.ion P acific...............
666,122
M exican N atio n al;___
657,981
C hic.St. P.M In. 4 0 ® .
647,428
C hicago A N orth W est.
618,524
Chie. A G reat W e st...
616,025
G ran d T ru n k ;
.......
603,384
C hesapeake A O h io ...
576,869
B oston A: M aine. . ..
560,531
Minn. at. P . A 6 8. M .
839,887
Ohio. B ari. A Q ulnoy.
518,188
POtttev. A N »*hv.........
454,348
K rlo......................
419,739
G eorgia A. A lab am a...
373,009
Chicago A Gd T ru n k ;
329,690
ToL 8t. h . A Kan. City
315,045
K an ,C ity P it:* ASiiiff
290,336
Mex. I n te rn a tio n a l;..
288,428
Buff K och. A P i t t s . . . .
284,644
I n te r n a f l * 6 t N orth.
214.155
Mobile A O h io _______
224,513
G e o r g ia .........................
201,028

D ecreases.
P ennsylvania) -------- $5,940,900
pull. A. K. and O. A 1.4. 1,906,895
S outhern P acific......... 1,800,603
Oiev.Oiu. C hfo.A St, L.
965,242
E a k e S h 'e A M ich. 80. .
822,078
New E n g la n d ..............
769,621
N. Y. Chic. A St, T _
j _
730,185
W abash..........................
687,000
Mo P acific.....................
6B0,('O4
C en tral of N. J ...........
450,674
N orthern Pacific.........
412,872
c m . N\ O. A Tex. P ao .
3 46,251
Bolt. A O h lo S o u th w ..
300.432
West. N. Y. & P e n n ...
276,325
D elaw are A H udson .
273,175
P eoria A E a s te r n .......
267,615
New York C en tra!_
_
263,860
G rand R ap. A I n d ....
228,205
Allegheny V alley .......
227,469
S outhern R ailw ay.......
223,192
N o rth ern C e n tral.......
219,426
T exas & P acific...........
216,522
D uluth A Iro n R ange.
214,526
P itts. A Bake E rie ___
203,435
T otal (rep reaea t’g
39 roads) ........... $13,406,507

T o ta l (rep teiw n t’g
(
30 road*)...........# 1 0,359,247 I
; F or eleven m onths, t C overs lin es d irectly o p erated E a s t and W est
of 1 i* -!..,rr; in clu d in g all lines ow ned an d controlled, th e loss is
36.09. *,243. , F o r y e a r ended N ovem ber 30. § F o r ton m o n th s to
VEPIll©# ,1 I .

COTTON CONSUMPTION AND OVERLAND
MOVEMENT TO MARCH 1
.

Oar o s u h I monthly statements of overland movement,
port receipt*, etc,, brought down to the close of Feb­
ruary are given below, and they consequently cover the
first half of the cotton crop season. The marketing of
cotton during the month has been of fair volume, but
slightly less than in February of 1896, There has come
into sight during the month 464,730 bales, against 483,475 bales in Ft: nruary of 1898 and 583,06a bales in 1895.
The aggregate amount of the crop of 1896-97 now
visible i» 7,443,007 bales Spinners’ takings have been
somewhat greater during the month than in 1896, and
their total takings for the half-year exceed those for

[Vox*. I,XIV

the same period of last year by 5,530 bales, but con
trasted with 1894-95 the decliue is heavy.
O V E R L A N D M O V EM EN T TO M A R C H 1 .

The grossmovement overland in February has been
115,511 bales, which compares with 91,928 bales
last year and 144,471 bale3 in 1895. The excess over
a year ago in the total for the season to date now
reaches 116,061 bales, but contrasted with 1894r-95 the
decline is 435,615 bales. The net for the month
hasbeen heavier than in either of the two preceding
years, reaching 84,754 bales, or a gain over 1896 of
33,377 bales, the total then being 63,377 bales. In 1895
the net reached 71,634 bales. The aggregate for the
six months records an increase over last year of 53,356
bales, but the decrease comp tred with two years ago is
390,690 bales.
OVERLAND FROM SEPTEMBER 1 TO FEBRUARY 2 8 .

1896-97.
{.mount shipped—
Via 8L L ouI b. ....... ..................................
Via C airo ............................. .........................
Via P a r k e r ................................................ .
Via E v a n sv ille ............................................
Via L ouisville ....................... .
Via C in cin n ati...... ............................„........
Via o th e r r o u te s .___. . . . . . . . . ___ . . . ___
Skipped to m ills, n o t Included a b o v e ..

1895-96,

1894-95.

427,704
231,732
13,621
2,387
114,524
110,087
94,561
7,608

425,766
196,102
13,398
68
107,146
69,399
67,092
7,195

731,821
277,108
24,553
2,899
113,849
127,635
111,505
8,472

T o ta l^ whk o verland . . . . _________ _ 1,002,227
Jeduct shipm ents O verland to N ew Y ork, B oston, &o___
Between In te rio r to w n s ....... ..............
G alveston, In lan d a n d local m ills.........
New O rle a n s,In la n d a n d local m ills ...
Mobile, Inland a n d local m ills................
S avannah, Inland an d local m ills...........
C harleston, in la n d a n d local m ills........
N. Carol’a p o rta, In lan d an d looal m ills.
V lrg l d a p o rts, In lan d a n d local m ills..
TolM lto be d e d u c te d ......... .................

886,166 1,427,842

1,097
4,781

196,651
2,859
3,888
12,839
4,291
1,113
6,077
841
5,968

358,848
21,748
2,718
18,341
14,041
1,958
9,117
903
5,572

298,327

234,522

433,246

267,666
3,308
3,319
12,725
4,276
1,155

L eav in g to ta l n e t o v e r la n d * ..... . . . 703,900 651,644 994,596
* T his to ta l inoludes sh ip m e n ts to C a n ad a b y ra ti, w hich s in c e
S eptem ber X In 1896-97 am ounted, to 52,773 bales; In 1895-98 w e re
52,832 bales, an d in 1894-95 w ere 69,108 bales.
R E C E IP T S , E X PO R T S A N D S P IN N E R S ’ T A K IN G S .

The net receipts at the ports for the mouth have
been less than in the like period of 1896 and apprecia­
bly smaller than in 1895, reaching a total of 404,976
bales, against 441,776 bales in February las; year and
533,398 bales in 1895. Tae aggregate for the six
months is of course much above that of last year.
The exports to foreign ports have bsen less free than
in either of the two preceding years, the shipments
for the month this year being only 485,963 bales
against 563,069 bales in 1896 and 533,435 bales in
1895. For the season to date the total exports are
1,367,910 bales greater than in 1895 96, buG exhibit a
falling off of 436,333 bales from 1894-95.
Movement fro m Receipts Receipts EXPORTS HIN'CK SE PT. 1, 1896 TO—
Stocks
since
since
S ept. 1, 1890, to
Feb. 2 8 .
Sept, 1, Sept. 1 G reat France. C on ti­
Feb. 28, 1897.
lo r n .
1896.
1895.
B r ita in *
n en t.

Salves ton
Texas Cily,&c.
Sow Orleans
Viobilo.......

1,210,440 822,89?
95,027
03,877
1,835,737 1,516,202
257,258 178,820
71,730
24,0(50
F l o r i d a .........
747,003 048,160
■Javannab....
Brunswick, &o. 137,483 105,0(53
Ob&rleiston....... . 371,460 257,040
68,425
P o r t R oyal,A c. ; 58,485
m ......I 229,136 154,918
743
WaabJntft/’n.Acf
I
Norfolk
636.176 205,435
w ./fen.
H
Newp’tNewa.Ao. 15,063 153,684
43,527
4SS.8S8
<iew Y ork.........
78,472
Boston....... ..... 138,728
55,063
■44.040
Baltimore — ...
30,006
Philadelphia ...
31,017

San Francisco..
Total 1890-7...

6,901,10?

677,047

101,994

081,127
127,501
61,490
48,208
80,370
78,339
50,674
05,431

352,691

139,807
9,280
236,254
193,025
67,027
7.437
621

5,200

33,150

21,€0?

127,647
1,910
46,657
449
46,153

2,556,983

......
16,841

0,802

.........

210,207 1,079,848
17,542
17,542
428,974 1,462,792
23,492 150,903
5,402
56,892
303,948 367,552
3,805
90*236
170,460 254,765
50,074
104,803 200,234
178,250
9,280
334,908
191,935
12JL,<80
7.886
40,774

563,005 1,560,634 4.080,712

4,470,898 1,574,964 400,750 1,337,088
Total 1895-6...
0,718,243 2,650,830 044,203 1,821,933
Total 18945...
* G re a t B ritain ex p o rts Include to tfie O bannel,

95,282
•4.291
848,001
22,811
70,015
2,481
38,840
12,048
16,480
100
200,118
21,000
18.018
4,751
916,401

3 312,802

824.246

5.117,085

095.880

THE CHRONICLE.

M ar ch 6, 1897 .J

Using the facts disclosed by the foregoing statements,
we shall find that the portion of the crop which has
reached a market through the outports and overland,
and the Southern consumption, since September 1, this
year and the two previous years, is as follows.
1896-97.

1895-96. 1894-95.

Receipts a t th e p o rts to M ar. 1. ..bales. 5,964,107 4,476,898 6,718,243
S e t sh ip m en ts o v erlan d d u rin g sam e tim e 703,900 651,644 994,596
T o ta l re o e lp ts.............. ................. hales. 6,668,007 5,128,542 7,712,839
Southern consum ption sin ce S eptem ber 1 530,000 518,000 453,000
T o tal to M arch 1..........................bales. 7,198,007 5,616,512 8,165.839

The amount of cotton marketed since September
1 in 1896-97 is thus seen to be 1,551,465 bales more than
in 1895-96 and 967,832 bales below the total for 1894 95.
To determine the portion which has gone into the hands
of Northern spinners during the same period we have
prepared the following:
Total receipts to February 2 8 ,1 8 9 7 , as ab ove............ bales. 7,198,007
Stock on hand commencement, of year (3ept. 1 ,1 8 9 6 ) —
A t Northern ports..................................
70,990
A t Southern ports.....................
1 5 1 ,6 8 8 — 222,678
At Northern interior m arkets...............................
4 ,0 5 6 - 226,734
Total supply to February 2 8 .1 8 9 7 ........................................ 7,424,741
Of this supply there has been exported
to foreign ports since Sept. 1 , 1896..4,680,712
Less foreign cotton included ....b a le s .
29,030 -4,651,632
Sent to Canada direct from West......................... .
52,773
2,145
Bnrnt North and South..................... ............
8tock on hand end of month ( Feb. 2 8 ,1 8 9 7 )—
At Northern porta................................. 310,482
At Southern p o r t s ................................. 605,979— 916,461
5,496—5,628,507
At Northern interior m a r k e ts ..._________ . . . .
Tot. takings by spinners since September 1 ,1 8 9 6 .................... 1,796,234
Taken by Southern spinners...........................................................
530,000
Taken by Northern spinners >
-ince September 1, 1896 .........
Taken by Northern spinners same tim e in 1895-96..................

1,266,234
1,260,704

Increase in takings bv Northern spinners this yea r..b a les.

5,530

The above indicates that Northern spinners had up
to Mar. 1 taken 1,266,234 bales, an increase over the
corresponding period of 1895 96 of 5,530 bales and a
decrease from the same time of 1894-95 of 442,089
bales.
AMOUNT OP OEOP NOW IN SIGHT.

In the foregoing we have the number of bales which
nas already been marketed this year and the two pre­
vious seasons. An additional fact of interest is the
total of the crop which was in sight on March 1 com­
pared with previous years.
1898-97. | 1895-96.

1891-95.

T otal m ark eted , a s ab o v e_ hales.
_
In te rio r sto ck s In ex cess ol Sept. 1.

7,198.007
215,000

5,646,542
376,500

8,165.839
318,000

T o ta lln s ig h t .............. ...b a le s .

7,413,007

6,023,042

8.513.839

This indicates that the movement up to March 1
of the present year is 1,419,965 bales more than in
1895 96 and 1,070,832 bales less than in 1894-95.
As it will interest the reader to see what has come
into sight each month of the season during this and
previous years, we have prepared the following, which
shows the movement for the last four seasons.
Months.

1896-97.

1895-96.

1804-95.

O c to b e r...............
N ovem ber............
Dece rubor...........
J a n u a iy ................

1,222,287
1,891,562
1,634,210
1.549,705
680,513
164,730

542,391
1,722.122
1,321,097
1,336,030
617,921
183,175

663,703
2,116,f;30
2,197,167
1,971,988
981,289
583,062

511,273
1,637,555
1,701,608
1,613,603
750,991
358,497

7,113,007
................
................

6,023,012
1,139,131

8,513,*39
1,378,927

6,576.527
950,681

7,162,473

9,892,766

7,527,211

T otal 6 m onths.
B alance season .
T otal c r o p ___

1893-94.

W E IG H T OP B A L E S .

To furnish a more exact measure of the receipts up
to February 28 we give below our usual table of the
weight of bales. We give for comparison the figures
for the same time in the two previous years.

451
Sam e
Same
p eri’d in perVd in
1895-96 1894-95.

Six m onths en d in g Feb. 28,1897.
N um ber o f
Bales.

W eight in
B ounds.

Average Average Average
Weight. Weight. Weight.

C exas................ 1,335,467
L ouisiana_____ 1,835,737
A lab am a...........
257,258
leorgla*............
956,827
429,952
South C arolina.
651,238
V irginia............
229,962
Worth Carolina.
Tennessee, &o.. 1,501,566

705,861,083
934,115,205
129,658,032
465,161,446
208,535,319
311,552,259
112,502,010
748,455,573

528 55
50903
504 00
486-15
485-02
478 40
189-22
198-45

526-12
510 60
499 00
483-33
182-02
484-84
138-91
500 00

534-10
513-52
508-00
191-00
489-17
194 T 2
494-57
199 00

T otal........... 7,198,007
' In cluding F lorida.

3,616,170,927

502-39

502-14

508 27

It will be noticed that the movement up to February
28 shows an increase in the average weight as compared
with the same period of last year, the average this year
being 502'39 lbs. per bale, against 502-14 lbs. per bale
for the same time in 1895-96 and508-27 lbs. in 1894 95.
D R Y GOODS T R A D E D U R IN G F E B R U A R Y .

There was a large attendance of buyers in the
market the past month and business in the aggre
gate has shown an improvement at both first ar.d
second bands in the general run of cotton goods.
There has not, however, been any material change in
the policy of buyers as they have kept the great bulk
of their purchases regulated by requirements well in
sight. This has been particularly the case in staple
cottons, for which there is neither home nor export
demand of any account for forward deliveries. The
demand in br wn, bleached and coarse colored cottonB has been readily met, and in no direction do
prices show any improvement, whilst buyers have oc­
casionally bad an advantage, as in 3 yard and 4-yard
brown sheetings, wide sheetings and denims. Cotton
dress fabrics have sold well, particularly in fancy
printed lines, on a steady price basis. The month closes
with jobbers here and elsewhere reporting a fairly
active distribution and good prospects for March.
The print cloth market opened dull, with very heavy
stocks, but on Monday, the 8th, the purchase of 750,000
pieces by the American Printing Company entirely
changed the situation, bringing oat an active demand
at advancing prices, extras rising to 2 ll-16c., an ad­
vance of 3-16c. over the price quoted on the first of the
month. Buyers have, however, again retired, the
market has receded l-16c. and closes dull at 2fc. for
regulars.
H
£
4
◄ OoiVn | PrintP
a
low | in g
a m id- \clotii8,
a
dling. 64x64
i..
2..
3..
4..
5..
6,.
7..
8..
9..
10..
11..
12..
13..
14..
15..
16..
17..
18..
19..
20..
21..
22..
23..
21..
25..
26..
27..
28..
29..
30..
31

1897.

e i5 18
o 7s
6 7s
6 i“,«
*>
15ie

2*9
2*9
21,
2*16
2»l«
23,6

67,
67s
61S,6
613„

21*16
2%
211„
2*1,6

6=8

21*18 514
.. s . ..
21*18 514
2Uuii
211*6 5*4
2*1,6 5*4
21*16 5*4

6=8
611,*
o i l ,.
05.
03.
63.
64*
63.

211 IP
2 1
2*1,«
01=16 2=8
71,6 2=8

«7S

1896.

Sheet­ L a n ­
ings, caster
stand­ g in g ­
ard. ham s.
5*4
5*4
5*4
5-4
5*4

5

5
5

S ’th'n OotVn P e l t ­ Sheet­
low
ing
ings.
3 -yd.
sheet­ m id­ cloths, sta n d ­
d ling. 64x64 ard.
ings.
7 7s

23,

5=8

5*4

5*4

23,
23,
23,
23,
24*
23,

5^8

5*4
5*4
5*4
5*4
5
5

5*4
5*4
5*4
5*4
514
5*4

5
5

5
5

5
5
5

5
5
5

5"
5

5

5

514

5

514

5
5

l 7a

7 7s
7 7s
7 7s
7 7s
7 78
■77s

5
5

l 7s
l 7e

7l=i, 23,
7l*>,6 23,

5

4 7s

5

1%
4*4
43,
43,
43,
13,

..8.

5*4
5-4

514

514

5*4

5

5
5
5
5

514

5
5

3*4
5*4
5*4

5
5

5

8 ’t/i’n
3 -yd.
iheetDips.

47S
1 78
1 78
4 7e
1 7S

5

Lan­
caster
ging­
hams.

44*
43,
4 3,
4 3*
43,

7%

5=8

3=8
5=8
5»s

5=8

...3 ...
5=8

5=8

7=s

23,
24*
23.

7*9
i 7*3
7 *9
7*9
7*9

23,
23,
23,
24*
2 4*

7*9
7 *9
7*.

2 »,
23,
2 3,
2^4

0*9
5*9

24*

5*9

734

77l0
77i«

5=8
5°s
5*8
...S ...
5*9
51«
5*4
5*a
5**
. . I I ..

S'*

5*9

5

5
5

5
5

5

5

5

5

5

5
5

5

5

5
5

5

5
5

The ab o v e prloea are —For co tto n , low m iddling u p lan d s a t New
T o rt; (or p rin tin g oloths, m an u factu re rs’ n e t prloe-*; ror sheeting* au d
gingham s, ag e n ts’ prioes, wliieh a re su b ject to an av erag e dlsoount or 5
per oeut, e to e p t when o therw ise s ta te d ; S outhern sh e etin g s net.

THE

452

C H R O N IC L E ,

sa m

IVOL. LX1V,

a x roars o r c o l d ano s il v e r fr o m , ban v r a n o is o o .

I l f POUTS AMD EXPORTS FOR JAN UARY,
Ttu' Hunuu of StaUUieA h:it t»sa«4 a detailed statement of
the f o r e ig n com ounce of the country for the month of
January, 1891 and 1804, anil for the seven months ending
January 31 in 1Hhh-97 and 1893*08, as follows:
BEMClUJUMRB.
J a n u a r y , 7 mot, end. Ja n . 31
*045,500,597
R xp o rta—P o f U f t i U a . , . . . $93,501,103
10,714,714
...
1,476,0 m
*656,215,31 V
$179,307,88$
183,941,192

. . . $14,964,067
'Sfttil**.***
l
m
o f d u t y ,.... . . . $47,296,706
.
ptitteM ® . *.**.•*** - . . . 21,030,375

*363,251,090

X0t4U«.*»
. . . . $43,656,986
<*# »xsM»rfc#.
18PM *3.™ Export*—D om estic —.... . . . $85,543,304
. ...
1,426,724
For© igu...

*292,961,231
*513,003,205
11,061,764

Total
Impost®*-of
. . . . #32.900,589
0 utiftfri e . . . . . . . . . . . . . . . 85,717,011

$524,961,969
#231,713,612
247,003,105
$178,718,717

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

$46,243,252

Kx«->» o f ex p o rt# .............................
GOLD COIN AND BULLION.
tm .r ts .........................
#371,911
| ..
. .................. ..............
550,621

$1-1,179,237
78,181,-206

Bxe#-* o f I m p o r t s ...................................
1895-96.—E x p o rt# ............
. ... .....

$63,971,969
$79,940,111
16,921,730

$184,677
19,387,940

............ . . . . .
$193,586
GOLD IS ORE.
I f 9 @07 .--E xport® ............ .........................
$70,411
................ .
209,055
1895-96,- E x p o rts....... .

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

$61,013,381
$224,071
1,401,116
#1,177,045
$49,852
1,205,674

$5,002

#1,155,822
SILVER m m AND BULLION.
$3,997,754
1 8 9 M 7 * — x p o r t® ,...... ....... ........ .
E
I m p o r t s ..............
Exc<*s• of export® . . . . . . . .
1895-03,—E x p o rt#............
I m p o r t s . , . , , . . . . . . .......................

$37,099,860
7,437,262
#29,662,598
$34,839,025
8,031,173

1,057,597

K xee**ot e x p o r t # . . . . . . . .

#26,807,852
SILVER IN ORE,

_
1 8 9 6 -9 7 .-E x p o rts ._ _ ........................
Im port# ................

*156,903

Coin.

#9,938,237
$427,191
8,443,159

B x e e u o f Im p o rt* ............

$8,015,968

I M P O R T S A N D E X P O R T S OF GOLD
S I L V E R A T S A N FRANGISOO,

AND

SILVER,

B ull’n

1896-97,
J u ly ...........
Amulet----S eptem ber
O c to b e r...
N ovem ber.
D ecem ber.
Ja n u a ry ..

200,105
259,315
8,280
58,036
55,985
215,521
105,252

1,400
150

Tot.7 0108.,

903,394

1.882

$

....

331

Total.

■ Coin.

B ullion.

$
206,105
133,866
259,315
103,291
9,680
57,560
59,186
187,1911
58,8 -5
382,885
215,853 11,578,550
105,252 1 198,401-

Total.

*
487,620
021,486
274,371
377,662
73-1,080
791,640
267,002
451,133
707,815
374,060
751,350 2.329,900
512,540
711,030

910,276 (2,641,7 28:3,851,943

5,993,06 6

Clearings by releyraph.—Sales of Stooks, Bauds, &c.—
Stock Exchange Clearing-House Transactions,—The su b ­
joined statement, covering the clearings for the oarrest week ,
usually appears on the first page of the Cu;i:mi:LB, but
on account of the length of the other tables is crowded out
once a month. The figures are received by telegraph from
the leading cities. I t will bi observed that as compared with,
the corresponding week of 189(5 there is a decrease in the ag­
gregate of 6-0 per cent. So far as the individual cities are
concerned New York exhibits a falling oil of 12'5per cent, and
the losses at other points are: St, Louts 8‘6 per cent; Philadel­
phia 13'6. per c e n t; Chicago 7 7 per cent ; New Orleans 16*9
per cent and Baltimore 6-3 per cent. Boston records a gain of
of 11"3 per cent.
W eek J3n4-in.gr M arch S.

Cl e a r in g s ,
R e tu rn s by Telegraph.

189 7 .

1398

P e r d e n t.

N e w Y o rk .................................
B o s to n
—
...................................
P h ila d e lp h ia ...............................
B at tiro > r e ----------- — ..............
C h ic a g o
......................................
S t. L o o is ............... ....................
N e w O r le a n s .............
...

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

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

-1 2 -5
+ 1 1 -3
-1 3 -8
-6 -3
-7 -7
-8 -6
—10-9

S e v e n c itie s , 5 clay® .........
O th e r ci *ie s, 5 d a y s . . . . . . . . . .

$ 6 9 1 ,2 2 1 ,3 6 0
1 3 0 ,4 1 3 ,9 2 3

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

-9 -7
4-3 5

T o t i l a ll c itie s , 5 day® . . .
A ll o ltlo # , 1 d n y . ___________

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

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

-7 -8
+ 3 -2

$ 9 8 4 ,6 2 2 ,9 1 1

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

—8 0

T o ta l a l l 61 tie s f o r w e e k *

Another table, our usual monthly detailed statem ent of
transactions on the various New York Exchanges, has also
been crowded off of the first page. The results for the two
months are, however, given below and for purposes of
comparison the figures for the corresponding period of 1898
are also presented.

$813,335
10,801,622

895-90.—E x p o rt# .. . . ___
Im p a rt* ..................

GOLD.

MONTHS,

T w o M onths, 1897.
Description.

P a r Value
o r Q u a n tity

A c tu a l
Value,

Stock
1590’204*830 } 380,192,120
,
R E . b o n d s.. $77*083,340 .$69,953,243
$8,605,000
3-ov’t b o n d s
S ta te b o n d s
$135,000
$159,203
B an k s to c k s
$86,380

04-4 |
77-0
122*5
54'8
186*0

T o t a l . . . . $071,913,550 $144,835,790 60*2
$173,070,500 $35*20
3 o tto n ..b ls .
$114,977,784 7 6 ^0 .
G ra in .b u s h .
T o tal v a lu e .

Tw o M onths, 1893.

A v e r ’ge P a r Value
Price. or Q u a n tity

A c tu a l
V alue.

dver'ge
P ric e.

9,738,710
$9094915,210 ^ 558,734,804 01*2
$70,120,820 *49,708,510 65*3
$0,262,050 $40,760,037 110*4
*105,600
$282,943 00*8
$127,000
$215,075 169*0
$995,891,120 017,711,598 62*0
0,950,500 $274,424,315 $39*48
114,430,002 $95,820,980 60 3-3e.

$738,485,13i

$087,902 923

T h r o u g h t h e c o u r t e s y o f th e C o lle c to r o f C u s to m s a t S a n

to we have received this week the details of im­
e©
ports and exports of gold and silver through that port for the
month of January, and they are presented below, together
with the figures for the preceding months, thus completing
the results for the seven months of the fiscal year 1898 97. The
imports of gold were inconsiderable in January, theamou n tre
ct-ivi d reaching only 1 13,712, of which $7,980 was in coin, and
of silver there came in $236,044, of which $225,165 was bullion
Tber.. Hm been received during the seven months a total of
$9,179,081 gold and $1,434,932 silver, which compares with
$834,796 gold and $1,130,092 silver in 1895-96, The ship­
ments of gold during January were $105,252, all coin, and
the export* of silver have been $193,490 coin and $512,540
bullion. For the seven months the exports of gold have
W r ‘ $910,274, against $199,763 in 1895-90 and $5,993,066 silver
hM been sent out, against $7,748,491 in 1895-96. The exhibit
for January and the seven months is as follows :
i*roiiT » o r <>.I|,|| a sp

sil v e r at san vraxcisco .

GOLD.
BulHon

SILVER,
Total.

Coin.

1896-97.
9
% !
*
J a l y ......... i
8,783 70,080
79,403
4 o m ! ...
6,239 41,069
47,308
S ep tem b er,2,072,409 112,100 2,184 509
O cto b er.. 2.370,268 M .441 2,430,709
S o r« E i6 * r,'2 ,t 82,984 123, U §2306,092*
D ew rab er. !,94 8.295,139,650 2,087,951
J» » u » ry
7,080, 35,732
43 71'A

ll,8 8 7
4,264
10,938
13,902
76,511
127,694
10,870

T o t 7 jdu*,. 8,€05,898; >73,78819,179,8841

264,032

B ullion.
209,231
80.029
118,090
237,039
123,629
177,658
225,165
r

Cain.

g

w o rm s.

Total.
229,098
84,293
129,034
250,941
200,170
305,352
236,044
1,434,932

f^ crttetavag^ m m jevjciaX^ttjBXisRIIjeTpg
L ondon, Saturday,

February 201b, 1897,

[F ro m o u r ow n co rre sp o n d e n t.]

The landing of Greek troops in Crete has intensified the
alarm which has been growing all over Europe for some weeks
past. The great Powers, it is true, have occupied the princi­
pal towns of the island, but as yet, at all events, they have
not ventured to compel Greece to withdraw her troops, though
it is reported that Germany has proposed that Greece should
be forced to yield, by the blockade of the Piraeus if necessary .
It will be very difficult, indeed, to take action against Greece,
bo strong is the feeling of sympathy with her in this country,
France and Italy, It may be doubted whether our own Gov­
ernment, for example, could so far defy public opinion as to
take extreme measures against Greece.
I t is very generally believed on the Continent that Greece
is being spurred on by Russia, That may be so, of course, but
it is evident that the opportunity was too favorable to be
neglected by the Greek people, Tbey know the horror that
has been excited all over Europe by Turkish atrocities, and
they are aware of the sympathy felt for themselves. Therefore,
they risked very little while tbey have a reasonably good
chance of gaining much. At all event?, the Powers have re­
used to allow Turkey to send troops to Crete, while thsy
hesitate to order the Greek troops out of the island. The
Sultan has acquiesced in this because he could not help him­
self. But he is calling out reserves and has ordered a squad-

THE

M a r c h 6, 1897.J

C H R O N IC L E

ron to be prepared. It is possible, therefore, that he mayattack Greece by land. In that case it is feared that Servia
and Bulgaria will join Greece and that the three little States
will invade Macedonia.
What the real policy of Russia is nobody knows. It is re­
ported that the fleet in the Black Sea is being fitted out with
breathless haste, and that military preparations on a great
scale are likewise being made. Whether all this means the
breaking out of the great war that Europe has dreaded so
long, or whether it is simply precautionary, there is no way
of telling. The several great governments of the Continent
assure the world that they are in full accord with one another,
and that everything necessary will be done to preserve peace.
But the world has heard so much of the European concert
that it now attaches very little credence to the assurances.
Trade is beginning to feel the effects of the general uneasi­
ness. Even here in England, where only a few weeks ago
improvement steadily went on, there are many signs of a de­
cline in activity, and of course speculation of every kind is
utterly at an end.
The money m arket is quiet, with little change. Gold is
coming from abroad in fairly large amounts, and a good deal
of the metal is on the way to London, where, owing to the
political disquietude, speculation is utterly paralyzed, and
even legitimate commerce is quieter than it was. For the
next four or five weeks the revenue collections will be on an
exceptionally large scale, and if business had continued active
that would certainly have raised rates for a while, for the
revenue is paid into the Bank of England, and therefore con­
siderable sums are transferred to that institution from the
open market. But so quiet is business that probably there
will be little effect upon rates this year. At all events there
is no sign yet of any material change.
The silver market is very dull, and the demand for India
Council drafts has decidedly fallen off. The Council offered
for tender on Wednesday 50 lacs and sold very little more
than 19 lacs. Later in the day it disposed of about
lacs
by private contract. For the past few weeks the Exchange
Banks have bought freely, and they are now fully supplied,
but in a week or two they are certain to apply largely, for
the stringency in India is increasing rather than abating.
Whether the Council will be able to go on selling is very
doubtful unless the Indian Government adopts some means
of increasing its resources. In fact the India Council has
announced that it will reduce its offering next week from 50
lacs to 40 lacs, which seems to confirm the belief that the
Indian Treasuries are very poorly supplied.
In the stock markets, as already said, there is practically
nothing doing. The general public is holding aloof and even
professional operators are doing little. They buy upon a fall
and sell upon a rise, but no one ventures upon a transaction
that would take much time. This week there has been a
somewhat better demand for American securities. Partly
this is due to the appointment of Mr. Gage as Secretary of the
Treasury, the opinion here being that Mr. Gage woul i not
accept the appointment except he was assured of being al­
lowed a free hand. Partly also because the political disquiet­
ude is direoting attention to American securities. The hope
is entertained that even if war breaks out this country will
not take part in it. But on that point there is a great deal of
doubt. On the other hand, it is assumed as reasonably ctr
tain that the United States will remain neutral, and there
fore there is more inclination to buy good American securi­
ties. At the same time it is to be remembered that if real
alarm arises business of every kind will be stopped, including
investment. So far, London is much more quiet than the
Continental centres.
Unfavorable news from Argentina and Uruguay has caused
the securities of both countries to decline somewhat. Conti­
nental securities are entirely neglected. France sells as far
as she can in London, but there is little inclination hereto
buy European securities. Almost every British security was
affected at one time this week. Consols fell Bharply, though
they have recovered a good deal of the decline. British rail­
way stocks have likewise been down. In short, all the mar­
kets may be said, roughly, to be given over to the professionals
for the time being, and to see-saw with every rumor.
The British imports for the year have been as follows :
I m ports .
J a n u a r y .........

1897.
£
39,075,000

1896,
£
38,473,856

D iffere n c e.
£

+1,501,812

P e r 01.

+3-00

453

The exports for the year have been as follows :
1897.
E xports.

Ja n u a ry ..........

1896.

£

D iff e r e n c e .
£

£

19,762,378

21,146,491

Per 0 1 ,

—1,384,113

—6-54

The re-exports of foreign and colonial produce show the
following contrast:
1897.

R e -e x p o r t s .

J a n u a r y .........

1896.

£

D ifle r e n c c .
£

£

4,177,825

4,806,384

P e r O t.

—S28.559

—13-08

The following return shows the position of the Bank of
England, the Bank rate of discount, the price of consols, &o.,
compared w ith the last three years:
1897.

1896.

Feb. 17.

1895.

Feb. 19.

£
25,472,905
15,093,020
40,183,702
15,088,858
29,635,374
29,810,431
38,483,390

1894.

Feb. 20.

Feb. 21.

£
£
£
24,852,235 24,629,095 23.948.070
Circulation
.................
13,396,973
Public deposits.............................
9.387,283
9,501,883
47,830,709 82,449,237 27,800,028
Other deposits ...............
14,509,333 13,478,488
G overnm ent sec u rities..............
8,938,583
27,052,239 17,8*6,049 24,083,91 x
Other s e c u r itie s ........ .................
40,745,340 29,673,083 23,601.09 ft
deserve of n otes and coin........
48,797,575 37,502,178 29,749,70
ln& bullion, both d e p artm ’ts
70 11-10
rop.reaerve to liab ilities., p. o.
03H
60 3-16
53M
3
2
Bank ra te .....................p e r cent.
2
2*
109)4
104 11-10
Consols, 2% p e r c e n t .... .......... 1L2 3-10
99 9-16
bid.
Silver............ ............................... 29 11-104.
283sd.
2 7 K l.t
Clearing-House re tu rn s ............. 102,108,000 10 5,670,000 153,788.000 121,308,000

• February 22.

t February 21.

gjThe rates for money have been as follows:
In terest allow ed
fo r deposits by

Open M arket K ates.

Tr o d e B ills .

B a n k B ills.

D isc't U s e
J o in t
F our
S ix
Three
Three F our
S ix
Stock A t 7 tO 14
Months Months Months Months Months M onths Banks. Call. D a ys.

Jan.
*•
Feb.
"
'*

2&-5-16 2H-6-1Q 2 5-16 2n®H
22
29 SH 2 1-10 21 10 2 2 3-10
2H
2M
2
2
53 1
tm u im u
12 3
IK
IK 2 @ 2 @2M 2
m
2H
1*4(13-10 2
19 3
2
IK

2H
2H

2*
®!M
2*

2
2
m
IK
IK

2
2

IK
IK
IK

2K
2K
m

IK

The Bank rate of discount and open market rates at the
chief Continental cities have been as follows:
Feb. 19
R a tes of
Interest a t

Paris...............
Berlin.......»...
Hamburg......
Frankfort.......
Amsterdam....
Brussels.........
Vienna..........
3t. Petersburg.
Madrid............
Copenhagen...

B ank
R a te .

Feb. 12.

Open
M arket

Bank
R a te.

Open
Market

IK

2

i«
2K

2

4
4
4
3K
8
4
0
6

4
4
4
3K
8
4
6
5
4

m
m
3
m

2K
m
bH

4
4

i

2H
■m
2%

2K
s«
CM
4
4

Feb 5.

J a n . 29.

B ank
H a te

Open
Market

B an k
R a te .

Open
M arket

2

1 15-10
2K
3K
2M

2

2
2H

4
4
4
3K
3
4
0
6
4

m

2M
3H
m

4

4
4
4
8K
3
i

0
6
4

2K
2K
2*
2K
%

4

Messrs. Pixley & Abell write as follows under date of Feb­
ruary 18:
Gold—The dem and for e x p o rt co n tin u es u n a b a te d a u d all a rriv a ls
“ ave been easily placed. The a rriv a ls of gold a t th e B ank to ta l
£ lo o ,000, m o stly in sovereigns, from A u s tra lia and E g y p t. A rrivals:
S outh A frica, £151,090; R iver P la te , £31,000; W est In d ies, £13,000;
to ta l, £19o,000. Shipm ents: B om bay. £ 4 2 ,5 0 0 ; J a p a n , £64,000 ;
M adras, £3,000; C a lc u tta, £13,000; to ta l, £122,500.
Silver—A sm all rise, caused by sh o rtn ess of supply, w as lo st a t th e
beginning of the week, on th e ru m o r th a t J a p a u In te n d e d to a d o p t a
gold Btaudard. C onsiderable dem and fo r th e E a st ensued an d fu rth e r
iT ? kS e?a.wa8 p revented. The In d ia n q u o ta tio n to-day is 14. 8 0 ‘s p e r
^
100 T olahs. A rriv a ls : New York, £214,335; R iver P late, £1,000 ;
W est In d ies, £20,000; to ta l, £235,335. S hipm ents: B om bay, $00,000;
Colombo, £6,693; M adras, £3,000; C a lc u tta, £22,700; to ta l, £122,393.
M exican D ollars—W ith no business to r e p o rt in th ese coin, th e n e a r ­
est p rice la 29d.

The quotations for bullion are reported as follows:
G old .

F eb.

L o n d o n S ta n d a r d .

F eb.

18.

11.

Bar gold, fine___oz.
B ar gold, parting.oz.
Spanish, o ld ....... .oz.
N ew ...................oz.
0. 8. gold coLn...oz.
German gold coln.oz.
ETrenoh gold coln.oz.

>.
77
77
76
16
76
76
76

d.

10K
11
OK
IK
5K
3%
3K

».
77
77
76
76
76
76
76

8lLVEB.

Feb.

L o n d o n S ta n d a r d ,

18.

d.

10K
11
OK
IK
5K
3%
3K

B ar silv er, lin e.. .oz.
B a r silv er, o o n tain ’g
do 5 grs. gold.oz.
do 4 g rs. gold.oz.
do 3 g rs. gold.oz,
C ake silv e r..........oz.
M exloan dollars.oz.

d.

Feb.

11.
d.

2 9 U 1(j 29U X8
3O3j0
30
2913,(5
32
29

IS 3!*
30
291*16
32
29 K

The following shows the imports of cereal produce into
the United Kingdom during the first twenty-four weeks of
the season compared with previous seasons :
IMFOETB.
r
_
. ^
1896-7.
1895-6.
1894-5.
1893-4.
tm p o rtso lw h eat,o w t.3 2 ,8 3 9 ,3 1 0 31,197,700 31,460,266 27.882.604
...........................13,617,250 13,170,410 16,326,934 16,189,703
2 at8................................ 9,342,410 6,596,940
7,419,337
6,417,614
5®a8............................... 1,835,258
1,491,150 1,-280,679
1,323,871
®ea n s............................. 1,522,010 1,878,682
2,205,332
2,401,582
Indian o o m .................. 28,021,700 20,883,780 11,769,714 14,290 711
^ l o u r .............................10,856,750 9,915,690
9,258,010
9,087,240

Supplies available for consumption (exolusive of stocks on
September 1):
. .
1896-7.
1895-6.
1894-5.
1893-4.
W heat im ported, o w t.3 2 ,839,310 31,197,760 31,460,266 27,882,601
Im p o rts of flour........ 10,856,750
9,915,090
9 ,2 5 8 ,0 10
9,067,246
Sales of hom e-grow n.13,180,868
7,630,914 10,340,975 1 2 ,0 3 3,9 4 0
T o ta l....................... 56,876,928 48,741,364 51,069,251 48,933,790
.
.
1896-7.
1895-6.
1894-5.
1893-4.
A ver.price w heat,w eek.23s. 8d.
28 a. 7d.
19s. l i d .
25s. 3 d 1
A verage price, se a so n ..2 9 s. 5d.
25s. Od.
19s. 9d.
28 s. 84,"

THE CHRONICLE.

454

ftostta h P t n a u r t n l S ta r k e l » — Per C a b le .
The daily oiostag quotation* for securities, &o., at London
• r e ripdctad by cable aa follows for the week ending Mar. 5
Id m m m .

] Sat.

Tuts.

Mm,

20%
n i* * u i n %
112
U K ha
102-30 102*80
14%
14%
23%
23%
56%
56%
177*
18
79%
79%
43
4*2%
14%
u%
35
35
90%
95%
175
171
50%
51%
70
70
13%
13%
97%
96%
15
15
17%
17%
39%
39%
53%
53%
12%
12%
9%
9%
2 0 's
29
7%
7H
16%
16 *4

39%
1U %
UPm
F o r a m o u n t .......... .. U » ?*
w te h T t'M m m Pw Sft fr. ■
102* AO 402*70
15
2-1%
m
do
9M& j 23%
50%
OosuMltoxi P oelito...------ 56%
18
A Ohio.-. *. \ 17%
79%
Chic. StUw A- » t. P aul 78 a
43
U s A - Bio O r. *prmt, . f 42%
15
35%
1 st p r e fe rr e d ............... 3ft
05%
XSit&oU b o a t r t i .
i
95%
1(14.
109
51%
L ou Im UIc * N ashville, j 51%
70
M exicmu C e n tral, 4s - --j 69%
13%
Mo, K*Ma. T m l , eom .. j 13 %
06
ft. Y. O o f . * S te tso n . 1 95%
15%
K. V. O n tario A Weat’u 15
N orfolk A W ast’n , prof.! 17%
17%
39%
No. Poo. p r e f . t r . root." i :>9h
P e n n sy lv a n ia ................. 53%
53%
12%
P hil a A R e a l., p er h!i . . 12%
S outh’d R ailw ay. eo m .J 9%
9%
29%
P re fe rre d ..................... ; 29%
7%
Union Pacific.............. . . ! 7%
W abash, p re fe rre d ___ * 16%
16%
Mu-Dr, jw ro atK * .......4.

T kurs,

Wed.

2SM‘i«

JVi.

29%
29%
111% 111
111%
m %
102*70 102*40
14%
15
24%
23%
55*3
55%
18%
17%
78%
79%
43
42%
14%
15
35
34%
90%
96
173
50%
51%
70
70
13%
13%
99
98%
15 >2
17%
17%
38%
39%
54
53%
12%
12%
914
9%
28%
29%
6 78
7H
16%
16%

Commei*c tal atul 3
5
^iscellaue 0us ^jews
R e v e n u e s a n d E x p e n d i t u r e s . — 'Through the
of the Secretary of the Treasury, we are enabled to
place before our readers to-day the details of Government

[Vol. LXI9.

notes February 1, together with the amounts outstanding
March 1, and the increase or decrease during the month j
also the changes in legal tenders held for the redemption of
bank notes up to March 1.
fla lv m a l B a n k Notes—

A m o u n t o u tsta n d in g F e b ru a ry 1 , 1 8 0 7 .........
A m o u n t I s s u e d d u r i n g P e b r m m * ........................
A m o u n t r e t i r e d d u r i n g F e b r u a r y .......................

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

A m o u n t o u t s t a n d i n g M a r. 1 , 1 8 9 7 * .........

8 5 8 ,1 2 5
$ 2 3 4 ,1 4 9 ,9 0 0

Legal T e n d e r N o te s —
A m o u n t o n d e p o s it to re d e e m n a t io n a l b a n k
n o t e s F e b r u a r y 1 , 1 8 9 7 .........................................
A m o u n t d e p o s i t e d d u r i n g F e b r u a r y ...............
A r n 't r e i s s u e d a n d b a n k n o t e s r e t i r e d I n F e b .

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

A m o u n t o n d e p o s it to re d e e m n a tio n a l
b a n k n o t e s M a r , 1 . 1 8 9 7 * , . ......... .............

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

’ C i r c u l a t i o n o f N a t i o n a l G o ld B a n k s , n o t I n o lu d e d i n a b o v e , $ 8 6 , 3 6 ?

According to the above the amount of legal tenders on
deposit Mar. 1 with the Treasurer of the United States to
redeem national bank notes was §28,384,545. The portion of
this deposit made (1) by banks becoming insolvent, (3) by
banks going into voluntary liquidation, and (8) by banks
reducing or retiring their circulation, was as follows on the
first of each of the last five months:
D e p o s its b y —

N o v . 1.

D ec.

1.

J a n . 1.

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

F eb.

1.

J f a r . 1.

$
I n s o l v 'n t b k s .
6 4 7 ,9 0 5
1 ,0 2 6 ,6 5 2
L i q u id ’s h k s . 4 ,8 8 8 ,7 3 7
4 ,6 8 1 ,4 3 0
B e d ’o’g u n d e .
a o t o f 1 8 7 4 , 1 2 ,8 5 1 ,0 0 1 1 3 ,1 4 3 ,8 1 7 1 4 ,0 4 3 ,7 8 2 1 6 ,1 1 6 ,4 2 4 1 7 ,5 2 6 ,4 6 3
$
8 9 5 ,4 9 7
4 ,7 8 6 ,7 9 5

$
9 3 5 ,3 9 7
4 ,7 6 9 ,0 5 3

u o ter sm k st

courtesy

T o t a l ......... 1 8 ,3 8 7 ,6 4 3 1 8 ,7 0 2 ,4 1 9 1 9 ,7 2 6 ,0 7 4 2 1 ,8 2 1 ,3 7 4 2 3 ,2 3 4 ,5 4 5

* Aot o f J u n e 2 0 , 1 8 7 4 , a n d J u l y 1 2 , 1 8 8 2 .

receipt* and disbursements for the month of February. From
Bonds H eld by N ational Banks.—The following interest­
previous returns we obtain the futures for previous months,
and in that manner complete the statement for the eight ing statement, furnished by the Comptroller of the Currency,
shows the amount of each class of bonds held against national
months of the fiscal years 1898-07 and 1895-98.
bank circulation and to secure public moneys in national bank
depositaries on February 38.

(0006 o m itte d ).

r e c e ip t s

1806-97.

1895-96.

II
Total. { OttJ| tom*.
J
! *
j« 14,077
1 15,630
1
)j U.85*
i 14.847
j 11,455
! 12,16©
| 17.376
j 13,906

U . 8 . B o n d s M e l d F e b . 2 3 , 1 8 9 7 , to S e c u r e —

t f .B k .
I n U r 'l R r d ’p. Arisen T o t a l
I te v 'W F u n d . Agrees

*
12.80S
12,172
12,200
13,764
18,040
12,751
11,176
10,807

$

*
132

t

2,094 29,251
1,142 29,300
836 28.020
1,610 30,208
1,491 20,598
1,369 20,051
2.391 31,375
L340 27,051
lua.622 oases 3,838 12,079 228,467

ossbcrseh u n ts

(0008 omitted.)

1898-07.

1
i

N .m ,
In ­ M p ,
Fm~
» ip m . terest-. F u n d

O rd i­
nary.

Ta(ul.

1395-96.
N -.M
I n ­ Iie d %
s io n s . te r e s t, F u n d .

Ordi- 1 P e n ­
narv.

1
$
*
f
»
13,101 8,710 783 42,871 18,455
1 z,n m 2,938
488 36.184 18,487
14,671 11,488 4m
459 27.C80J | 13,31010,310 5,613 401 H4.(*.% 17,434
.
. 13,179 3,1.97 888 84,149' j M,Wf,
IfW t* ,,. l^gSl
: 11,431 487 890 w m
14,125
to m ..
It®*.,,. it,9€4 ) 0,542 «.»* 885 81,166 j 15,183
: i& jm
1,108 stoM to ! 12,104
r*h
6.047 2 0 0 .4 2 4 •
§ Bh*. 130,277 ^.689
122.240

f

JaJf....
A m ...

358
476
487
610
862
433
092

M & T7

$
»
12,755 7,308
12,302 LS49
10,708 290
11.S0L 5,168
12,835 8,099
13,807 822
0,967 6,085
12,317 2,268
93.542 20,895

f
971
647
936
599
1,090
016
1,119
1
*103

t

30,522
33,285
25,255
35,098
28,298
26,733
33,494
27,852
7,395 249,48

new .
D o ttb in
........ .
R a f f m c Um .,* .,* * ,*
T h r o * t o l l* * * .............

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

*
0 ,0 4 7 ,0 0 0
2 0 5 ,0 0 0

SSKrrf“:;::::

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

$ 1 6 ,0 6 3 ,0 0 0

*
8 8 1 .4 5 0 1 7 ,6 2 9 ,0 0 0
3 2 ,5 0 0
3 2 5 ,0 0 0
5G8

1 .4 2 0

Wrttot9aia++„.......

517*850

1 0 ,1 5 2 ,0 0 0

1 * 8 4 0 .0 0 0
5 8 ,0 0 0
4 2 8 ,8 1 7
4 4 0 ,9 3 4

t , 3 4 0 ,0 0 0
2 9 ,0 0 0
1 0 8 ,7 0 4
4 4 ,0 9 4

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

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

2 ,2 6 5 ,7 5 1

1 ,5 1 0 ,7 9 8

4 ,7 7 5 ,7 5 1

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

61,15®
3 4 ,9 3 4

2 ,1 1 3 ,1 1 3
6 ,3 1 8 ,3 7 1

4 ,5 1 8 ,4 8 4

8 0 ,0 8 0

8 ,1 5 0 ,4 9 4

1 8 9 ,0 8 9

T Cited #RltlUMf6. . . *.

7 ,3 0 0 ,0 8 5

1 1 ,7 5 7 ,8 9 7

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

> m

and

N

a t io n a l

B

ank

N

o tes to

"I- Comptroller of the Currency has furnished
tng, showing the amounts of national bank

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

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

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

1896.

1897.

F o r w eek.

1894.

1895.

D r y g o o d s .........
G e n ’l m e r ’d i s e

$ 2 ,4 0 1 ,4 0 5
5 ,9 1 5 ,4 8 8

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

T o t a l ...........
S in c e J a n . 1.
D r y g o o d s .........
G e n ’l m e r ’d i s e

$ 8 ,3 1 6 ,8 9 3

$ 1 2 ,0 5 1 ,1 8 1

$ 1 2 ,0 2 0 ,8 6 4

$ 1 0 ,9 5 3 ,1 2 5

$ 2 0 ,0 0 5 ,0 5 2
5 3 ,7 * 2 4 ,2 2 0

$ 2 6 ,2 6 9 ,5 1 1
5 5 ,3 5 2 ,3 8 2

$ 2 8 ,7 9 3 ,5 2 2
5 1 ,8 1 7 ,3 1 8

$ 1 5 ,7 2 3 ,3 9 7
4 7 ,0 1 1 ,4 5 0

T o ta l S w eek a .

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

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

$ 7 3 ,7 2 9 ,2 7 2

$ 8 1 ,6 2 1 ,8 9 3

$ 8 0 ,6 1 0 ,8 4 0

$ 6 3 ,3 3 4 ,8 4 7

The imports of dry goods for one week later will be found
in our report of the dry goods trade.
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending March 1 and from January 1 to date :
EXPORTS FROM NEW YORK FOR THE WEEK.
1897.

1896.

1895.

1894.

F o r th e w e e k ..
P re v . re p o rte d

$ 6 ,3 0 8 ,4 0 7
5 4 ,6 8 2 ,7 5 5

* 7 ,0 2 2 ,9 5 7
5 4 ,4 2 2 ,5 3 5

$ 5 ,7 1 9 ,4 0 1
4 7 ,1 7 0 ,3 3 9

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

T o t a l 8 w e e k s ..

$ 6 1 ,0 8 1 ,1 6 2

$ 6 1 ,4 4 5 ,4 9 2

$ 5 2 ,8 8 9 ,7 4 0

$ 5 7 ,5 1 1 , 7 4 3

The following table shows the exports and imports of specie
at the port of New York for the week ending Feb. 37 and
sinoe January 1. 1897, and for the corresponding periods in
1896 and 1895:
EXPORTS AND IMPORT* OP SPECIE AT NEW YORK.
Im p o r ts

E x p o rts.
G o ld .
W eek.

1 0 3 ,8 5 5
6 3 ,4 3 4

T o t a l mXtmr,

T o ta l H e ld .

FOREIGN IMPORTS AT NEW YORK,

3 ,4 8 4 ,5 9 8

Chat* m®%.

Bank
C ir c u la tio n .

I m p o s t s a n d E x p o r t s f o b t h e W e e k . — The following are
the imports at New York for the week ending for dry goods
Feb. 25 and for the week ending for general merchandise
Feb. 36; also totals since the beginning of the first week in
January.

Value.

P ie c e s .

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

B t* a 4 » r* l d o l l a r * .. . .
H a lf d o l l a r * , . , . . . . ,
QftJtfV xr
■Fatal u il7 © f..........

4 p e r c ts ., f u n d e d 1 9 0 7 ..
4 p e r c e n t s , 1 8 9 5 ...............
2 p e r c ts ., f u n d e d 1 8 9 1 ..

$ 3 7 5 ,0 0 0
5 3 5 ,0 0 0
1 2 ,0 9 5 ,0 0 0
2 .0 2 5 .0 0 0
1 .0 3 3 .0 0 0

Two M onths 1 8 9 7 .

Value.

P u b lic D e p o s its
in B a n k s.

O a rre u e y 6 s, P a c . R R ...

2o(ol

O o is a u k 3T U n i t e d STATES M in t s . — T h e f o l lo w in g s t a t e ­
m e n t , k i n d l y f u r n i s h e d u s b y t h e D i r e c t o r o f t h e M in t, s h o w s
t h e c o in a g e a t t h e m i n t s o f t h e U n i t e d S ta te * d u r i n g t h e m o n t h
of F e b r u a r y and f o r the two months of 1897,
February,

D escription o f B onds.

S in c e J a n , 1 .

W eek.

S i n c e J a n . 1.

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

$ 1 2 8 ,2 4 5

W e st, I n d i e s ...............

6 5 ,7 5 0

3 2 2 ,1 4 0

S o u t h A m e r i c a .........
A ll o th e r c o u n tr ie s .

9 ,3 0 0

8 4 ,4 8 6

T o t a l 1 8 9 7 ...........
T o t a l 1 S 9 6 ..........
T o t a l 1 8 9 5 ...........

$ 2 0 3 ,4 9 5
5 4 7 ,5 0 0
4 6 ,0 0 0

$ .5 3 4 ,8 7 1
1 2 ,4 2 8 ,4 9 5
2 6 ,8 2 2 ,9 4 8

$ 1 7 2 ,6 6 8
714
1 4 ,6 7 6
2 ,9 8 8

10
3 5 5 ,4 0 1
2 0 ,0 2 0
8 6 ,0 2 0
1 7 ,0 0 4

$ 1 9 1 ,0 4 6
7 6 2 ,4 4 7
4 ,3 3 0 ,7 0 3

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

THE CHRONICLE,

Mrch 6, la&
a
7.]

Im ports.

E xports.

Silver.

$ 1 ,1 3 0 ,9 0 0

G r e a t B r i t a i n ...........

$6,522,139

$545

4 3 1 ,0 0 0
3 ,6 0 0
1 0 ,8 8 0

France.....................
G e r m a n y .....................
W e s t I n d i e s ................
M e x ic o ..........................
S o u th A m e r i c a .........
A ll o t h e r c o u n t r i e s .

.........5 0

$1,000

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

$ 6 5 ,6 2 1
5 1 ,6 1 3
2 3 ,8 2 3

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

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

1,000

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

1 1 ,4 7 5

T o t a l 1 8 9 7 ..........
T o t a l 1 8 9 6 ..........
T o t a l 1 8 9 5 ..........

Since J a n .l.

W eek.

$ 3 8 1 ,9 4 8
3 7 3 ,7 1 4
2 1 3 ,9 7 8

—Messrs. Edward B. Smith & Co., of Philadelphia, have
published for the information of their customers an interest­
ing pamphlet of 24 pages, entitled a “ Review of Annual and
Other Late Reports of Local [i. e., Philadelphia] Corpora­
tions,” The favorable reception which the edition issued last
year received has induced the firm to issue a second edition.
The compilers have aimed to bring together, in clear and
concise form, information which is with difficulty extracted
from the ordinary railroad reports.
B r e a d s t u f f 's

F ig u re s

B ro u g lit

F ro m

P age

47 9 — The

4.81H.000
332.000
60,000
112.000
225,000
7.338.000
3.346.000
3,000

Oats
bw h+
2.029.000
10,000
100,000
212,000
201,000
5.901.000
615.000
14,000

35,000
1,581,000

1.886,000
*55,000

‘ 97,000

W h e a t,
b ush.

I n sto re a t—

Sinee J a n .l .

W eek.

455

‘ 17,000

C o rn
h ush.

Sew Y o rk ....,,..,,.., 2,992.000
Do afloat....... 980,000
Albany................
Buffalo................ 1,325,000
246,000
Do
afloat,,...
Chicago
......... ,11.208.000
Do
afloat..,. , 200,000
, 205,000
ffiiwenkee............
Do
afloat.......
4.386.000
luluth....... .
Do
afloat....... 402.000
Toledo........ ........ 1.030.000
Do afloat.......
letTOit................ 203.000
Do afloat........
Oswego..... .......... '20,000
821.000
St. Louis......
Do afloat.......
Cincinnati.............. ” 6,000
Boston .................. . 609.000
204.000
Toronto............. .
456.000
Montreal.......
487.000
Philadelphia...........
124.000
Peoria. .. ... —
124.000
Indianapolis.........
Kansas City.............. 394.000
Baltimore............... 433.000
Minneapolis............ 16 842,000
On Mississippi River,
On Lakes..... . — ..
On canal and river...
Total Feb. 27.1897.43.797.000
Total Feb. 20,1897.45,215,000
Total Feb. 23,1896 64.0S9.000
Total Mar. 2.1895.78,761,000
Total Mar, 3.1894.75,569,000

319.000

2.410.000
214,000
2,000
1.024.000

1 6 .6 6 6

R ye.
b ush,

201,000

8,000

3.25.000
95,0(0
1,492,000
435.000
732.000
87.000
*37,00*6
27.000
” 8,666

185.000
64.000
414.000
122.000
216,000
187.666
446.000
782.000
52.000

*5 7 ,06*6
28.000
’ 11,666
125,000
43.000

28.408.000 13,897,000
26.413.000 13,565,000

3.583.000
3.877.000

23.000
1.828,000
388.000
28.000
163.000
1,802,000
64,000
515.000

1 .0 0 0

B a r i cy
bush.

309,000
63.000
8,000
1.035.000
142,066
97.000
99.000
95.000
1.015.000
39.000
*40*600
3,000
18 **
1 ,0 0 6
17.000
52.000
42.000
* 0 ,6 6 6
6
S1.000

3.315.000
3,396,0t 0

13.038.000 7,001,000 1.507.000 1.927.000
statements below are prepared by us from the figures of the
13.676.000 rye,6 8 8 .0 0 0
318.000 1.417.000
New York Produce Exchange. We first give the receipts at
19.100.000 112,661.000
530.000
3.058.000
Western lake and river ports, arranged so as to present the
comparative movement for the week ending Feb. 27, 1897,
—Mr. John B. Harris, Jr., for the last twenty-five years
and since August 1, for each of the last three years:
holding an important position as one of the agents of the
Merchants7Bank of Canada in this city, has been appointed
B a r le y .
R y e.
W h e a t.
O am .
O ats.
R e c e ip ts a t—
F lo w ,
principal agent in New York, with Mr, T, E. Merrefct as as­
Bbls.lQQIbs B u s h M l b s B u s h . 58{6s B u sh .S 'Z lb s Bush. 48lbs B u s h . 56lb* sociate agent.
25,476
811,343 1.859,014
357,080
50.884
86,216
Chicago.,,..
—Mr, F. J. Usman offers for sale to-day a very interesting
10,800
9,100
105,300
145,000
111,200
37,300
Milwaukee.
75,552
19,403 list of uncurrent steam railroad securities ranging in price
7,105
388,207
102,981
Duluth.,,,.
9,880 from 90 down to 8 and on which bids are desired.
676,670
29,900
42,630
1 ,00 2
Miuheap’lis
18S.S®
#
810
1850
1,180
34,800
0,000

548,430
18,862
3,380
774,470
435,950
871,500
3,010,100
3,509,845
2,076.379

34,178
20,259
3,485
64,543
13,200
89,000

124,486
180,307
139,947

Toledo.......
Detroit.....
Cleveland..
St. Dorns...
Peoria . ..
Kansas City
Tofc.wk.’97
8amawk.f96
Same wk.’95

1,484,353
2,799,085
1,957,998

1,100
13,073
24,028
392,700
188,050
97,000
2,982,077
3,647,773
1,329,408

......
7,598

700
......

29,250
23,800
.......
074,539
957,728
569,001

4,200
1,200

7,315,787 121,098,287 102,982,213 113,911,950 31,309,043
7,234,873 153,345.415 78,593,958 89,878,731 30,085,371
7,810.137 114,398.717 52.048.903 56,600,974 27,770.928

JLJAC ItJU B lU W U t UUU1
F lo u r ,
b bls.

93,506
19,145
Boston................
Montreal...............
4.025
Philadelphia.......... 43,510
40 3 3
,9 *
Baltimore........
Richmond...........
2,693
N e w Orleans*........
14.799
Norfolk............................
Newport News.......
7,000
Galveston...........
......
Mobile........ .......
.......
Portland, Me ........
7,616
St. John, N. B ........
9,030
Total week....... 248,268
Week 1896.............. 298,341

H e ig h ts

B onds.
Land

1 5 M e r c h a n t s ’ S a t . B a n k . . .1 1 2
6 M e t r o p o l i t a n P l a t e G la s s

5,001,680
£ u s. VO. o f S . Y .................2 7 3
B onds.
2,722,377
1,825,370 $ 1 0 ,0 0 0 W i l k e s b a r r e & E a s t .
K R . 1 s t 5 s, 1942.

J & D ....

W h e a t.
b u sh .

° S .

245,125 856.050
55.175 135,594
700
1,870
14,233 704,350
84,211 1,340,911
28.660
14.554
1,320 1,211,347
394,072
291,000
525,186
100,CC0
15,988
16,622

B a r le y ,
b ush.

194,125
51,289
3,425
11,200
6,772

1890.
.2,442,465
2,138,310
12,342.057
5,475,744
877,843
101,480
20,995,449

1895.
2,120.608
2.010,441
3,600,985
4,013,079
707,300
53,234
11,035,722

W h e a t,
b u sh .

C orn ,
b ush.

H o u r,
bbls.

New York .... 374,629 211,703
75,427
Boston. ..... 150,312 309,785
17,148
_
Port] and....... 15,0.88 .. .._
7,616
Philadelphia.. ........ 275,342
Baltimore..............
1,202,322 30,781
New Orleans..
060,893
3,001
Norfolk.................
304,092
NewprtNews ........ 291,000
7,bob
StJohna.N.B. 10,622 ..........
0,036
Galveston................. 525,188
Mobile......... .........
100,000 ........
Total w'k... 557.551 4,270,928 148.089
Same time’98. 627,287 8,072,463 256,657

Oat#
hush.

317,725
01,410
43,034
157,500
82,055
” *'987

Bid. Ask.

Bid. Ask.;
14,625
1,570
1,900 A tla n . A v e ., B ’k ly n —
C o n . 5 s , g ., 1931 ..A & O $103 104
I m p t . 5 s, g., 1 9 3 4 .. J & J
80
77
27,153
B leest. S t . «fe F u L F .—S tk .
29% 31
1 s t m o r t ,, 7 s . 1 9 0 0 . J & J $100 108
21Is
B ro o k ly n R a p id T r a n s i t .
21
B’ w a y «&7 t h A v e .—S to e k. 202 200
17,000
1 s t m o r t .,5 s , 1 9 0 4 . J«&D $105 108
2 d m o r t ., 5 s, 1 9 1 4 .J & J $109
B ’w a y 1 s t, 5s, g n a r.1 9 2 4 $115 117

B klyn.o.<& N 7w t’-vvn— S tk
5 s. 1 9 3 9 . . ™ . . . . . ...........
C e n tr a l Q ro sa to w n —S tk .

D. D. S3. B. * Bat’y— Stk. 164 1 6 7
1st, gold, 5s, 1932.J& D 112 115
Scrip ................ .......... $100 102 %
Eighth Avenue— Stock... 340 353
Scrip, 8e, x914........ .
110 112 %
42d& dr. S t Fer.—-Stock 330 350
42d St. Man. & S tN . Av. 45
50
1st mort. 6s, 19X0.M&8 $114 110
2d mort Income 6s.J &J 57
63
Lex.Ave.&Pav,Ferry 5s. 115% 116
$102 105
Metropolitan Traction... 106 1 0 7
IIS3 119 Ninth Avenue— Stock.. . 160 170
.*
175*3 i75<y Second Avenue-Stock.. 133 130
113
1st mort, 5s, 1909.M&N 108 110
Debenture 5s,1909.J&J 102 105
103 105
101 104 Sixth A venae— Stock.... 195 2 0 0
Third Avenue— Stock... 15714 159
160
$110 112
1st mort, 5s, 1937.J&J 122 122 %
200
Twenty-Third 8 t —-St’k. 300
$112 118
102
Deb. 5s, 190B..............
164 170 Union Ry— Stook .. . . . . . .
103
112 114
1st 5s, 1942 . . . . . . . . . — , $104 106%
1 1 5 % 110
WestchesFr, lst,gn.,50, $ 101% 102
150 150
101 104

O e n .P k .N .A jE .R iv .—S tk .
1894.
2,470,493
C o n so l. 7a, 1 9 0 2 .,.J & D
C o lu m b u s & 9 th A v e. 6 s .
1,993,594 O h ris t’p ’r <fe1 0 th S t —S tk ,
12,025,01 9
1 s t m o r t ., 1 8 9 8 ...A & O
3,644,505
082,030
2 And accrued, interest.
28,102
Gas S e c u ritie s — Brokers’ Quotations.
18,073,540
the week
GAS CO M PANIES.
Bid. A sk .;
G A S C O M P A N IE S .

The exports from the several seaboard ports for
ending Feb. 27, 1897, are shown in the annexed statement;
E x p o r ts fr o m —

88

B ye,
bush .

The total receipts at ports from Jan, 1 to Feb. 27 compare as
follows for four years:
R e c e ip ts o f—

FA A................- .....................$50 lo t
$ 6 0 ,0 0 0 M a g e e C a r p e t W o r k s
o f B lo o m s b u r g , P a . , 1 s t 6 s,
1 0 0 5 , A & O ............................ $ 1 0 ,0 0 0

City Railroad Securities—Brokers’ Quotations.

Oats,
bush.
684.000
86.978
125,872
102,644
151.001
18,882
225.870

43,634
12.972
987
7,983
2 d 5 s , i n t a s re n f'1 .1 9 0 5
, 1 9 4 ...J A B
449,098 5,594,520 1,439,8*3 287,766 292,348 B O onsol. 6 sity —S3to o k .,,.
ro o k ly n C
198,386 960,392 694,340 117,199
57,202
C o n so l. 5 s , 1 9 4 1 . . . J & J
B k ly n . O r o s s t’n S s . 1908
♦Receipts do not include grain passing through New Orleans for foreign
B k l’n .Q ’n s C o .& S n b .ls t
ports on through bills of lading.

Flour. ......... ..bbls.
Wheat... ...... .bush. 3,340,741
Cora, . ........
85,114,153
8,381,973
1,458,707
Bye.......... ..
989,718
49,285,292
Total grata.

$ 3 7 ,0 0 0 A t l a n t i c C o a s t E l e c .
K R . C o. 1 s t 5 s , 1 9 4 5 . M A S . 7 6
$ 5 ,0 0 0 W e s t A s b u r y W a t e r
C o . o£ S . J . 1 s t 6 s , 1 9 1 6 .

U. iX

gt

week ended Feb. 27,1897, follow:
R e c e ip ts a t —
N e w York...........

Shares.
8 0 C h ic a g o

Association.................$25 lot
77,719
53.461 1 0 0 B r o o k ly n W lia r£ & W a r e ­
h o u s e C o. p r e f . , S e r ie s “ A ” 7 0
65,923

S in c e A u g . 1.

1896-97...
1895-96...
1894-95...

Auction Sales.—Among other securities the following, not
regularly dealt in at the Board, were recently sold at auction s
By Messrs. Adrian H, Muller S c Bon:

%: Peonies’ (Jersey City),..
Williamsburg 1st Be....,
Pulton Municipal 6s.....
Equitable.......................
75
Bonds. 8s, 1899 ...,™ ,
100 103
St, P aul....,.................
180
Bonds, 5s.......
105
2 3 0 235 I Standard prof............. .
Common........ .. .. .. .. .
........... N . Y .& E a a t R lv . 1 s t 5 s.. 105 105%
8 0 i Western Gas..... ......
.........
P r e f e r r e d ....................
Com m on..................... I I ’, 49 i Bonds, 5s... . .. .. . ......
7,983
97 i
Consol, 5 s ................... 96

.B’klyn Union G as-S tock.
R ye,
B a r le y
P ea s,
B o n d s . ...................
bush.
b u sh .
b ush.
Central.................... .......
52,961
9,770 100,335 Consumers’ (Jersey City).
80,688 12.912 J e S y o iT ^ A * H oboken"
......... M etropolitan-B onds. —
m . 8io
..... .
Mutual (N, Y. .. .. .. .. .. ..
.......... *i7,ibi
17,000

96
109%
195
70

9 7

87,049 121,290
35,753

175
200
105
52
81

no

85%
61%
91

Ranking and Ifiuauctal.

The destination of these exports for the week and since
September 1, 1896,, is as below, We add the totals for the
corresponding periods of last year for comparison:

Bid. A s k .
170
102 %
105
202
103
49
78
108
84
59
90

Spencer T rask & C o.,

E x p o r fo
weekpandtsto—r
since
S e t. 1

United Kingdom
Continent.,..,,.,
8, & C. America,,
West Indies,,- ..
Brit N, A. Coi’s.
Other countries..
Total .... ...
Total 1895-90. .6

W eek
S in c e S e p t.
Feb. 27, l, 1896.
hbis.
bhls.

683,311 276.80L
102,502 1-3,318

------ — W h e a t .— ^
W eek
S in c e S e p t.
Feb. 27. 1,1890.
b u sh .
b ush.

-C o r n .W e e k S in c e S e p t .
F eb. 27.
1, 1896.
bu sh .
bu sh .

BANKERS,
*7 & 29 PINK STR EET,

-

-

NEW YORK.

6 5 State Street, A lb a n y .
360,403 25,560,074 1,621,325 42,850.921
178,482 7,189,247 2,629,425 39,760.509
I N V E S T M E N T
S E C U R I T I E S .
1,514
118,796
19,449
17,233
541,543
............................240.078
&IOKOB Babolay Mo m a t .
ALKXASOEa M. W h it e , JB
1,526 1,477,612
670,795
M o f f a t
& W
h i t e ,
557,551 33,416,105 4,270,928 84,985,459
027,287 23.459,373 3,072,463 50,080,956
ba n k ers,
grain, comprising the stocks in

84,633 4,900,733
1,095
537,526
507,369
30,800
22,929
501,671
600
134,254
7,957
130,533
118JH59 6,772’ 086
256,667 6.762.531

The visible supply of
SEW YORK
granary at the principal points of accumulation at lake and 30 P I N K S T R E E T
seaboard ports, Feb, 27,1897, was as follows:
(INVESTMENT SECURITIES.

THE CHKON1CLE

46*'

f h c Itettfcets' (ia^jette.
U 1 V I O E K D I .
Set*me « f

.

When
Payable,

Per
] Cent.

S a a k s elated,
{Days inclusive,)

M a r. 33 M oh. 7 to M o b . 31
A p ril
3 M e b .t 8 to M e h .2 1
A p r il
1 M o b .IB to A p r . 1
to
M ar.
31
i M o b .2 6 to A p r. 1
A p r ll
M ar. 10 F e b . 28 to M e h . 9
1 i M otr.17 to A p r . 1
A p ril
M ar. 1 0 ; --------— * to

' 2
C tilc . A $ » * t I l l s , j'i r f, < attar-K tk i
tq
Cjter* O b , O i l e & 8». 1 - f&Utt!ftr«)i
. I
:
I
JCcr kttk A. W e p ttr n .
. . . . . . . -2
t i t t l e V i a m l tjEBJtr.) w h a t *) —
2
K..Y. St i f a t t e s t
i*»d p t t i . . . ■
Wt. * i J< t • t-Y A
WHS. — . : g j*
M r . - v t I t n J l w it> » .
1
3
F ln U M le ii- fc U T m tti'iu . . . . . . . . . : 4
,TJ 1» r c l t «t t t.eattm.
1%
c- ! • :
M VI)
!'!;•!' 5 ..........
2
0PBA<»ll*lats4 <3»« o f S . Y , {Quitr.ju

M ur. i s ! Mob 11 to
M ar. 31 M ob. 17 to
A p ril
1 M cli. 6 to

M oh* 1 5
M e ll. 2 0
M e h . 31

1 M o b .21 to
: A p ril
M a r . 15- M eh . 3 t o

A p r, 1
M eh, 15

W 1 U . S T R E E T , F K 1 U A I , M A R . .5, 1 M I 7 - 5 P . M .

The Money Market and Financial Situation.—Wall
Street experienced a genuine surprise on Tuesday when the
facts were made known in regard to the plach g of a new
issue of 50 millions Of 8% per cent bonds by the Lake Shore
Railroad Company. That so large an issue of securities
could toe s
illy floated at so low a rate of interest is
favorably regarded in financial circles, I* is considered evi­
dence of a more hopeful feeling in investment circles than
has recently existed, and consequently of a large demand for
the test class of securities both at home and abroad. The
ncouncement also called attention to the securities of other
companies in which the management of Lake Shore are
interested, and the demand for them gave a buoyancy to the
whole market and caused a substantial advance in prices.
Tin- uncertain political situation abroad, particularly in
South Africa and the Eastern Mediterranean, and its effect
upon trie f reign markets has been a factor in Wall Street
operations this week. London sold American securities
freely on Thursday, and this selling was made use of on the
Star k Exchange by the trading element that favors lower
price; to check the buoyancy which had been a feature oe
the >arly part of the week.
The inaugural address of President McKinley is a clear,
strong statement of the f urposes of the Executive during the
coming Administration, and will 1 ave a tendency to remove
any doubts & » to Lis policy in matters of vital national im­
port arce. If the suggestions which he makes, especially in
regard to the financial and currency question, can be car­
ried out, she effect will doubtless be most beneficial in all de­
partments of activity.
The open market rates for call loans on the Stock Exchange
during the week on stock and bond collaterals have ranged
from 114 to 1% per cent. To-day’s rates on call were 1% to 1%
percent. Prime commercial paper Is quoted at 8 to 4 per cent.
The Bank of England weekly statement on Thursday
showed an increase in bullion of £306, and the percent­
age of reserve to liabilities was 52-86, against 53-41 last
week ; the discount rate remains unchanged at 3 per cent
The Bank of France shows a decrease of 1,731,000 francs
in gold and 2,313,000 francs In silver.
The New York Cit y Clearing-House banks in their statement
of Feb. 27 showed an increase in the reserve held of $3,129,700
and a surplus over t he required reserve o f $57,520,975, against
1 5 685,950 the previous week.
5
1897.

*

fe b 27,

*

C a p i t a l . . . ..............
S o r p l a * ..................
I^cabi* 4s tlim'nim.
Cirt-ui& tkm . . . . . . .
K « t fapUH&t*,*,,.
B pnvifi., — -------Lkg»i t«B t5.ert. . . .
UemT% e h<?M.. . . .
T w er % *.. . .
fN ?n»3ot r « # n r v *

i
5 9 ,7 7 2 ,7 0 0
7 4 ,8 £ 8 ,1 Q 0
4 8 7 , € 0 9 ,7 0 0
1 6 ,4 9 1 ,1 CO
5 7 3 .7 6 9 .3 0 0
8 3 ,9 4 0 ,6 0 0
1 1 7 .0 2 2 ,4 0 0

D iflcrtn 'tfro m
fr e e , week.
$

1896.

Feb. 2 9 ,

D e a 0 3 * 7 ,0 0 0
D e e . 1 2 2 ,3 0 0
I n c . 1 ,0 9 8 .7 0 0
I n c , 1 ,1 2 3 ,8 0 0
1u c .1 ,0 0 5 ,8 0 0
2 0 0 .6 6 3 .3 0 0 I n e .2 ,1 2 9 ,7 0 0
1 4 3 ,4 4 2 ,3 2 5 I n c . 2 7 4 ,0 7 5

8
6 1 ,1 2 2 ,7 0 0
7 3 ,0 X 7 ,1 0 0
4 6 2 ,5 2 1 ,9 0 0
1 3 ,6 1 9 .6 0 0
4 8 9 ,0 1 2 .2 0 0
CO,3 0 4 ,COO
8 6 ,5 2 1 ,2 0 0
1 4 6 .8 2 5 ,2C0
1 2 2 ,4 0 3 ,0 5 0

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

2 4 ,4 2 2 ,1 5 0

1895.

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

Foreign Exchange.—The foreign exchange market presents
no new feature. It bus c o n t i n u e d dull a n d steady, but firm
in. tone o n a lim ite d v o lu m e of b u sin e ss.
To-day -actual rates of exchange were as follows: Bankers,
sixty day sterling, 4 $5%($4
; demand, 4 87@4tt7V,
cables, 4
4 b1$f.
Poet* d r.iO-, uf Punting b a n k e rs fo llo w :
f

M erck 5 .

S ix ty Days,

jDcmand.

feafi& eri* * t e r i l o §
an to m to m , l E6 il l 8 Ohi « 8 8 ® 4 8 S h
Prime eam m tteim l .— '........................
1 8 4 % « 4 85
4 84 3 4 84%
WttUl im nk#r»! i
t
. . . . . . . . . . . . . . . . . . 5 1 8 % 8 1 8 » ie 5 1 6 % ® 16*1,0
(jcnil<!*»?»! hatilcerF*.................... 4 0 1 w ® 40»#
40qa405 ,
^rm m kSm t o r B m m m t (ra iebm & titi h ’feet* 9 5 aO She
9 5 5 )« 3 9 5 %

The follow t o-were the rates of domestic exchange on Nev
York at the cr, dor-mentioned cities to-day: Savannah, buyini,
-18 discount, selling par ; Charleston, buying par, selling i i
premium; New Orleans, bank, $1 00 premium; commercial

[Von, LilV,

25c. per $1,000 discount; Chicago, ?5o. per $1,000 discount;
St, Louis, 2oo, per $1,000 discount.
United States Bonds.—Government bonds have further
advanced, Sales at the Board include §475,000 4s, coup., 1025,
at 128 to 128%; $20,000 4s, reg., 1025, at 1S8M to 12334;
$49,000 4^ coup., 1907, at 118 to 118V; $100,000 4s, reg.. 1907,
at 1113% $117,000 5s, coup., at ll8%"to 113%, and $2,000 5s,
;
reg., at 113% to 114. llie following are closing quotations:
J ta r. I M-ir
2,
; 3.
2 s , ...... ................ r e g .

1 Mar.
4.

9 5 »a * 9 5 >4

is, 1 9 0 7 ..............reg.

*111

*111

4 s , 1 9 0 7 ............. e o n p .
113% *113
I s , 1 9 2 5 ................ r e g .
* 1 2 3 1* 1 2 3
4 a , 1 9 2 5 .............o o n p ,
1 2 3 ! 12314
5 b , 1 9 0 4 .................r e g ,
*113% 1 14
*U 3%! * V
113 y
5 s , 1 9 0 4 ............. c o u p ,
6 a , o n r ’e F , '9 8 . . . r e g .
* 1 0 3 5 s |* 1 0 3 ia
6 s , o o r ’o,y-,'9,9.. .r e g .
10058*10012
4 s , ( C h e r .) 1 8 9 7 . r e § ,
4 s , ( C h e r.)1 8 9 8 .re g * .
i s , < C lie r .) 1 8 9 9 ,r e g .
* T h i s la tlie p rice Did a t t h e m o rn in g b o a r d , n o sale was taaao.

United States Sub-Treasury.—The following table shows
the daily receipts and payments at the Sub-Treasury during
the week.
Date.

Receipts.

P aym ents.

Balances.
Coin.

27
1
2
3
4
5

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

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

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

T otal

2 0 ,0 7 8 ,1 2 5

1 7 ,5 8 1 ,1 4 9

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

Feb.
M ar.
«
«
“

O o in Uerl's.
$
1 ,6 5 8 ,7 2 2
1 .5 3 2 .2 5 1
1 ,3 5 9 ,9 6 6 ;
1 ,4 9 9 ,5 5 2
1 ,4 1 8 ,1 6 6
1 .3 2 8 .2 5 2

Currency,
$
6 0 ,6 5 8 .6 9 8
6 0 ,5 5 6 ,4 3 3
6 1 ,8 2 3 ,6 2 4
6 2 ,6 7 2 ,5 0 6
6 3 ,7 9 3 , 9 3 0
6 2 ,3 0 6 ,3 7 5 -

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

Coins.—Following are the current quotations in gold for
coins:
S o v e re ig n s.......... $4 86
N a p o le o n s .......... 3 86
X X R eiohm arks. 4 74
2 5 P e se ta s............ 4 77
Span. D oubloons. 15 55
M ex. D oubloons. 15 50
F ine gold b a r s ... p a r

® $4 89 I F in e stiv e r b a r s ... — 64%® — 65
® 3 89 I F iv e f ra n c s ..............— 93 ® — 95 >4
-a 4 78
M exican d o lla rs .. — SO1 — S I 1®
*®
® 4 81 | P eru v ian so ls....... — 45%® — t o r i ® 15 75 | E n g lish s i l v e r ..,. 4 84 « 4 S8
® 15 75 | tl. 8. tr a d e d o lla rs
— 65® — 75
p rem . I

State and Railroad Bonds.—Sales of State bonds at the
Board are limited to $12,000 Virginia fund, debt 2-3s 1991 at
02% and $15,000 Virginia 6s deferred trust receipts, stamped,
at 6.
There has been a relatively good volume of business in the
market for railway bonds. Some bankers report liberal sales
over the counter and prices have generally been well sus­
tained. The announcement on Tuesday of t he sale to a syndi­
cate of bankers of a new bond issue of 50 millions by the Lake
Shore Company was unexpected and caused a demand for old
maturing Lake Shore bonds which carried the prices up from
about 1 to over 3 points. Except an advance of 2 points in
Fort Worth & Denver City, 1 % in Mil^& St. Paul general
mortgage 4s and 1point in Wisconsin Central bonds, the iraetional changes in the active list are unimportant. This list,
in addition to the above mentioned, includes Atchison,
Chesapeake & Ohio, Chicago & Northern Pacific, Burlington
& Quincy, Chicago & Eastern Illinois, Columbus Hocking
Valley & Toledo, Kansas Pacific, Milwaukee & St. Paul,
Mo.1
.Kansas & Texas, Northern Pacific, Oregon Short Line &
Utah Non hern, Philadelphia & Reading, San Antonio &
Aransas Pass, Southern Railway, Texas & Pacific, Union
Pacific and West Shore bonds.
Railroad and Miscellaneous Stocks—There have been
several features of interest in the market for railway stocks
this week, most conspicuous of which was the demand for
shares of the so-called Vanderbilt group, under the lead of
Lake Shore. This stock was bid up on Monday to 172, twelve
points above the previous highest price ever quoted for it.
There was also an unusual advance in Michigan Central. St.
Paul & Omaha, North West, and New York Central. This
movement was chiefly due to the successful negotiation of
lhe new Lake Shore bonds, as mentioned above. On the
other hand; there has been a marked depression in the an­
thracite coal stocks, led by Central of New- Jersey, which de­
clined on Tuesday to 93%, a loss of over 4 points since
the close last week. This was due to the unfortunate
condition of the coal trade, as lias been previously mentioned
in this column. Manhattan Elevated was also weak, selling
on Tuesday at 85%, a decline of nearly 4 points from our
last quotation. The grangers have been strong, stimulated
by Burlington & Quincy’s January statement, which was
more favorable ihan had been expected, and shares in this
group sold on Wednesday at from 1 to 8 points abor e last
week’s close. Since Wednesday there has been some reces­
sion from the best prices in tiie entire active list, owing to
the taking of profit*, some selling for foreign account and
the belief in some quarters that the unusual advance move­
ment had about spent its force and a reaction was due.
The miscellaneous list has been generally neglected, chiefly
because of the unusual interest in railway stocks, There
was a demand for Pullman Palace Car which carried the
price up to 168, an advance of;,6 points from the close last
week. American Sugar has fluctuated between 118 and
115%, <losing at 116%.;

1 HE UHBOMOlJk

Mr h 6, 1897.]
ac
%

457

-v f O B K S T O C K E X C H A N G E — A C T I V E S T O C K S f o r w e e k e n d i n g M A R C H 5 , a n d s i n c e J A N . 1 , 1 8 9 7 .
H IG H E S T AND LOW EST PR IC E S,

S a tu rd a y .
F ed. 27.

M onday,
M ar. 1.

T uesday, [W ednesday, T hu rsd ay ,
M ar. 2. ; M ar. 3.
M ar. 4.

F rid a y ,
M ar. o.

STOCKS.

Sales of
R ange fo r y e a r 1897.
tlie
[O n b a s is o f lo o -s h a r e lo ts .
Week,
Shares.
L ow est.
H ighest,

A c tiv e S B , S to c k s ,
12% 12% A tchison T opeka & S a n ta Fe.
5,869 11% Feb. 15 12% M ar. 3
22% 23%
Do
p re f. 34,158 21% F eb. 15 25% J a n , 30
200
*%
% A tla n tic & P a c if ic ..................
% J a n . 22
% J a n . 14
1,410 14% J a n . 22 18 J a n , 8
'15
16% B a ltim o re A Ohio......................
167 18% J a n . 7 21% F eb. 11
2 1 % 2 1 % *2 1 % 22 B rooklyn R apid T ra n s it.........
*20% 22
*21
21 %
200 54% M ar. 4 56
Jan . 8
*55
56% *54% 55% 54% 54% .................. C anadian P a c i f i c ....................
4,729 44% J a n . 13 47% M ar. 3
45% 45% 45% 47% 46% 47% 46% 46% C anada S o u th e rn .....................
94% 95% 94% 95% C e n tral of N ew J e r s e y ... ....... 33,060 93% M ar. 2 103% J a u . 19
93% 96
93% 95%
1034 11% *10% 1 1 % C en tral P acific......... ................
11 F eb. 15 15 J a n . 5
*10% 11% *10% 11%
6,802 16% J a n . 4 18% J a n . 18
17% 17% 17% 17% C hesapeake & O hio..................
17% 17% 17% 18
184 §162 F eb. 15 1170 M ar. 1
166
, *167 ___ *168% 172% §170 170 Chicago & A lto n .......................
76% 77% Chioago B u rlin g to n A Quincy 113,683 69% J a n . 5 78 M ar. 3
76% 78
76% 7 8
75% 77
*43
45 Chicago & E a s te rn Illin o is ...
•43
45
*42
45
*42
45
95
98
Do
p re f.
*95
98
*95
98
§95 Jan .
§98% Feb. 3
*95
98
7 7 7g Mar, 4
. . _
76% 77% 76% 77% 76% 77% 76% 77% Chicago M ilw aukee A S t.P a u l 113,003 72% Jan .
2,437 131 J a n . 6 136 M ar. 3
136
Do
p re f.
135% 135% 136
134% 134% 134% 136
106% 107% 106% 107% Chicago & N o rth w e ste rn ....... 28,808 102% J a n . 2 108 M ar. 3
105% 106% 106 10S
15 153 J a n . 12 155 F eb. 20
Do
p re f.
§151% 151%
67% 68% iOMeago Rook I s la n d & P acific 20,410 6 0 % Feb. 15 70 Ja n . 10
67% 67% 67% 68% 67% 68% 68% 69% 67% 6 9 '
55% 56% Chioago St. P a u l M inn. & O m . 37,978 47 J a n . 2 57% M ar. 4
55% 57
51% 53
53
57
50% 51%' 81% 52
120 133% J a n . 18 138 M ar. 1
Do
p re f.
136 142 *139% 142 §139% 139%
:136% 141
§135% 135%; 138 133
3,640 26% F eb. 16 30 Ja n . 18
27
27
28% 28% 28% 29% 28% 29% 28% 28% d e v e . Cinein, Chic. A St. L ...
*27
27?
Do
p re f.
73 J a n . 4 73% Ja n . 4
3,110
‘4
4% C olum bus H ooking V al. & Tol
4%
4%
3% Feb. 25 18 Ja n . 8
4% 4%
4
4%
4
4
4% 4%
......... 40 *.......... 40
Do
p ref
......... 40 ►
40 J a n . 21 46 Ja n . 21
r.........
*
....................4040 1......... 40
4,849 106% J a n . 27 1
121% J a n . 6
107% 107% 107 107% 107 107% 107% 108% 108 108% 108 108% D e l a w a r e * H u d so n ................
1,860 151 J a n . 29 r
153% 151 D els w areL aoka w a n n a * W est
157% J a n . 13
154 154% 152% 154 '152% 154 *153 ......... 154 154
11
11 D en v er & Rio G r a n d e ........... .
100 10% F eb. 26 12*4 J a n . 19
*10% 11%
■11
12
*10% 11%
*10% ...
328 40% F eb. 25 43% F eb. 1
Do
pref.
42% 42% §41% 41%
42
§40% 40% *41% 42% *41
1,068 14% F eb. 20 15% J a n . 18
§14% 14% §14% 14% 14% 14% 14% 14% 14% 14% 14% 1 4 % E r i e ............................................ .
33% 33%
Do
1 st p re f
15S 33 J a n . 11 35% J a n . 18
■33% 35
34% *33% 34%
*34% 34% *34
.................... _
Do
2d p re f.
*19
21
19% F eb. IS 21 J a n . 15
*19% 21
*2 3
3 1 E v an sv ille & T e rre H a u te . . .
*23
31
§24% Feb. 13 §
31
*23
*23
*23
31
§24% F eb. __
13
31
*23
31
123 *120 123 '120 123 ‘120 123 G re a tN o rth e m , p r e f .............. .
120 J a n . 16jX22 Feb. 5
*120 123
320 92% Fell. 2 6 , 95 J a u . 22
93% 93% §94
94 Illin o ls C e n tra l........................
94
91
§94% 91% *93
§92% 92% 04
*7
7% Io w a C e n tra l.......................... .
*7
7%
*7
7%
*6% 7%
6 % J a n . 27; 8 J a n . 16
‘6% 7%I *7
7%
*24%
26
Do
20 25 Ja n . 4 1 2 7 % J a n . 20
*24% 26
p re f
26
*24% 26
*24% 26
§25
25 j *25
600 16 J a n . 30! 18% J a n . 18
17% 17% *16% 18 L ake E rie * W estern
*16
17
17
17
17
16% 16% *16
*68
95 6 6 % F eb. 26 70% J a n , 20
69
*67
69
Do
p re f.
69
§69% G9% *66% 69
§66% 68% *66
167% 169% 1 6 8 % 169% Lake S hore A M ieh.S outhern.
8,707 152 Ja n . 2.170 M ar. 3
169 171% 189% 170
160 161% 164 172
*46 50 L ong I s la n d .................................
20 42% Ja n . 22 55 J a n . 8
§49
49
-46
*46
50
49
49
*48
*46
49
50
50% 49% 50% 49% 50% 49% 50% 49% 50%' 48% 49% L o u fia p le % N ashville........... . 32,691 47% Ja n . 5 1 52% J a n . 19
.........
% Louisv. New A lbany A O hio..
% J a n . 11
% J a n . 11
.........
% %
.........
% .........
% 1.........
*
....................
*4!
Do
p re f.
§1% J a n . 4 § l% J a m 4
86 88 M a n h attan E le v a te d ,c o n so l.. 33,011 85% M ar. 2 93 M ar. 2
85% 86%;
89
89%! 86% 89
550 106 F eb. 15 110% J a n . 5
106% 106% M etropolitan T ractio n
107 107 !
107% 107%: *107 103
.................... M ichigan C e n tra l.............. .........
495 90 J a n . 28 93 M ar. 2
95
82% 92% 93
93 i *93
§95
95
18 | *18
100 18 M ar. 2 19% J a n . 29
10 % M inneapolis & St. L o u is____
19% '1 8
*18
*18% 20
18
20
20
*18
100 78 J a n . 16 79% J a n . 18
*76
78
Do
l e t p re f.
§77
77
*77% 80
§78
78%; §78
*77
80
78
*45
§46% 46% ‘45
150 46 Feb. 26 48 J a n , 30
*45
47 I
Do
2d p re f.
47
46
47 ; *45% 47
*45
802 12% F eb. 15 14% Ja n , 18
12%
13 M isso u ri K ansas A T ex as.......
13
13% *12% 13%
13% 13%
p re f. 11,951 26% F eb . 15 31% J a n . 18
30% 30% 30% 30%: 30% 30%: 30% 31% 30% 31% 30% 31%:____ Do _
22% M issouri Pacific.
9,078 19% F eb. 18 24% J a n . 18
22 %: 2 1 % 2 2 %
21
21 %
21 % 2 2
22
21% 12
22% M obile A O h io ..........................
22
*21
22 % ‘21
20% F eb. 13 22% J a n . 12
22% *20% 2 2 %
22% *20
*20
§70 J a n . 25 §70 J a u . 25
N ashv.U kattauooga& St.Louis
......... 37
....... 37
37
*......... 37
......... 37
........ 37 New E n g la n d ...........................
97% 96% 98 New. Y ork C e n tra l & H udson. 24,641 92% Feb. 18 98 M ar. 5
93% 93% 93% 9453 94
94% 94% 98% 96
12% 13% 13
13% New Y orkO kieago A St, Louis
1,300 11 F eb. 11 13% M ar. 4
*11
12
12
*11
12
12
13
*11
*......... 70
......... 70
65
70
65
70
70
Do
1 st p re f.
70 J a n . 22 70 J a n . 2
§65
65
900 24 F eb. 10 30% M ar. 3
25
25
*24
*23% 27
Do
2d p re f.
30
27
27
30% 28% 30% ’25
372 160 Feb. 2 §178 J a n . 4
174 175 §174% 175 §174% 174% §175 17.5 §174% 175 N ew Y orkN ew H av en A H art.
‘ 173% 175
14% 14% 14% 15% 14% 15% 14% 14% New Y ork O n tario & W estern.
5,990 14 F eb. 20 15% J a n . 18
*14% 15
*14% 15
160
*8 %
9%
§9
9 ;New Y ork Susq. A W est., new .
8 J a n . 22
‘8%
9
§9
9
*8 % 9%
9
9
9% J a n . 18
25% 25% 25% 25% *25
26
25
25
*25
26
1,050 22% J a n . 25 26% Ja n , 18
*24% 25
*11% 12
*11% 11% * 11 % 12
§11% J a u . 18 §11% J a u . 18
‘ 11% 11% * 1 1 % 11% * 1 1 % 11% Norf.A W estern,all l n s t a f jfd!
31 17 F eb. 16 18% J a u . 30
*16% 17% *16% 17% *16% 17% *16% 17% *16% 17% §16
16
Do p ref.jtr.obfs.allins.pd.
14% Nor. P acifleR y. v o tin g tr.o tfs.
6,235 13 J a u . 23 16% F eb. 1
§14% 14% 14% 14% 14% 14%, 14% 14% 14% 14% 14
38% 38% 38% 38% 37% 38% 38% 38% 37% 38% 37
37%
Do
p re f. 18,900 32% J a n . 5 38% F eb. 24
*14
24
*14
24
*14
24
*11
20 Or. RR . A N av .C o .v o t.tr.o tfs.
*14
24
§15 Ja u . 15 §17% J a n . 18
*14
24
44
§42% 42% 42% 43
43% 43% 44% 41% 44
Do pref., vot. tr u s t e t f s .
44
*43
i',203 37% J a n . S 45% F eb. 3
24% 24% 24% 25% 24% 24% 24% 25% 24% 2 5 14 24% 2 5 % Phils, & R eading a ll in st. p d . 25,155 23% F eb. 15 28% J a n . 18
*12% 14
13
13
13
13 P lttsb n rg C ln n . Ohio. A St. L .
*12% 14
13
13
600 12% J a n . 11 14 Ja n . 21
13
13
Do
pref.
*47
50
*44
45
§48
48
50
49%
*46
§49
85 50 F eb. 1 50 F eb. 1
*45
50
Rio G ran d e W e ste rn ................
§118% 118% §118% 118% *117% 118% §117 117
118 118 §117 117 Rome W aterto w n A O gdensb.
657 §117 J a n . 26 §119 J a n . 18
*56
62
*56
61
*56
65
61
65 St. L ouis A lt. & T. H .,tr.ie o ts
*56
*55
*56
61
§5% 5%
5% 5%
5% St. L. & S an F r., yofc tr. o tfs.
*4% 5%
5%
572
5
5*4
4% J a n . 25
5% 5%
5% F eb 4
40% 40% 40
39% 39% 39% 39% 40
2,542 37 J a n . 29 40% M ar. 4
40%
89% 39% §39
Do
1 st pref.
15% 15% 14% 15% 14% 14% 15
*14% 15
15
15
Do
2 4 p ref.
1,654 12% J a n . 27 16 Feb. 3
15
*3% 4
*3% 4
4
4
4% 4%
3% 3% St. L ouis S o u th w este rn ...........
4
4%
700
4% J a n , 18
3% Feb. 6
10% 10%
10% 10% 10% 10% * 1 0 % 1 0 %
10% 10%
10 % 11
Do
pref.
1,470 10 J a n . 6 11% J a n . 18
*18
21
*18
21
‘ 18
21
*18
23 St, P a u l & D u l u t h . . . . . . . . . ___
*20
23
*18
21
20 J a n . 4 22% J a m 13
*85
00 *......... 90
*85
90
......... 90
......... 90
......... 90
Do
p ref.
§87 Feb. 3 §87 F eb. 3
*116 120 §116 116 *116 120
116 120 §117 117 St. P a u l M inn. A M a n ito b a ...
574 114 Ja m 28 118 M ar. 3
118 118
14% 14% 14% 14% 14% 14% 14% 14% 14% 14% *14% 15 S outhern Faoiflo Oo..................
1,220 13% J a n . 13 15% J a n , 18
9%
9%
9% 9%
9
9%
9%
8% 9% S outhern,v o ting tru s t, o ertif.
3,520
9%
.
8% M ar. 5 10 J a n . 16
9% 9%
28% 28% 28% 29
28% 28% 28% 28% 28
28% 27% 28% Do p re f., v o tin g tr u s t, o ert. 10,779 26 Ja m 4 29% Ja m 19
*9% 9%
§9% 9%
9% 9%
9% 9% T exas A Paolflo.........................
9%
9%
1,680
9%
9%
8% Ja m 2 10% Ja m 18
7% 7%
7%
7% ’
7
7%
7 U nion P acific t r u s t re o e lp ts ..
7
7%
7
7%
7
6% Ja m 11 10 J a m 5
7,110
*1%
2%
2% *1% 2% U nion Paolflo D en v er A G ulf.
1%
1%
510
2% Ja n . 6
1% M ar. 1
*1% 2%
'1%
§6% 6% *6% 7%
*6 %
6%
6% W abash ............... .......................
6%
6%
6% *6
721
6%
7% J a m 16
6% Ja m 4
16
16
*15% 16
16
16
3,880 15% Ja m 4 17% J a n . 18
16% 16% 16% 16% 16%
Do
pref.
18
*1%
2
1%
1%
W heeling A L ak e E r i e . . . . . . . .
1% 1%
1%
1% 1%
2,120
1 F eb. 19
6% J a m 2
1%
1%
*5% 10
*5% 10
*5
10
‘ 5%
6%
Do
p ret
650 5% F eb. 20 29 J a m 5
6%
6
5%
*1%
1%
2%
1%
1% *1%
2% *1% 2%
Wieo. Oen. Oo., v o tin g tr . o tfs.
200
2% J a m 6
1 % M ar, 1
2%
D U aceU an eo n s S to c k s .
13% 13% *12% 13
*12% 13% 1 2 % 1 2 % *12
13% *12
13% A m erioan C otton Oil Co.......
225 11% F eb. 13 14% J a n . 16
§55
55
55
55
*55
56% *54% 56
§56% 56%
56
56
250 52% Fel). 16 56% J a n . 19
Do
p ref.
14
14% 13% 14% 13% 14%
13% 13% A m erioan S p irits Mfg. Co___ 11,594 11% J a n . 5 14% J a n
13% 14% 13% 14
9
33% 34
33% 34% 33
34% 34
34%
34% 34
34% 34
Do
p ref.
7,117 26 J a n . 5 34% M ar. 2
116% 117% 117% 118
116% 118
117% 118% 115% 118% 115% 117% A m erican S u g ar Refining Oo. 165,780 110 J a n . 5 118% M ar. 3
§103% 103% 103% 103% §103% 104% 104 104
104 104% 104% 104%
Do
pref.
1,795 100% Ja n . 7 104% M ar. 5
75
75% 75% 76
75% 75% 75
75% 74% 75% 74% 75% A m erioan Tobaooo Oo............. 20,928 67% Fob. 15 79% J a n . 14
§103 103% *101 105 §105% 105% 105 105
106 106 §106 107%
496 100 F eb. 11 106% J a n . 14
Do
pref.
1 1 % 12%
11 % 12
1 1 % 12
12
12
* 11 % 11 %
1 0 % 1 1 % B ay S ta te Gas
3,210 10% M ar. 5 13% J a n . 6
78% 76% 75% 76% 75% 76% 76% 76% 76% 78% 77
77% Chicago G as Co., oerts. of dep. 33,445 73% J a n . 5 79% J a n . 18
153 154
152% 154 xlS0% 151% 151% 154% 153% 154% 153 153% C onsolidated G as C o m p a n y ..
5,558 136% J a n . 2 154% M ar. 3
34% 35% 34% 35
34% 34% 35
35% 34% 35% 34% 36% G eneral E leotrio Oo.
16,286 32% J a n . 11 36% F eb. 2
23% 23% 24% 24% 24% 25
21% 24% *23
24% 24% N atio n al L ead C o ...
25
1,607 21% F eb, 18 20% J a n . 19
90% 90% §90
90
§90
90% 90% 90% *90% 91
91
91
Do
pref.
878 88% Feb. 13 92 F eb . 23
*4.1q x
*4
4%
4% 4%
*4% 4% N o rth A m erioan Oo.
4% 4%
4%
4%
550
4% F eb. 20
5 Ja m 18
25% 25% 25
25% 25% 25% 25% 25% 25% 26% 20% 26% Paolflo M all..............
6,785 24 J a n . 9 20% J a n . 18
*91
*91 ......... *91 ......... *91 .....
*91 ......... P ip e L ine C ertificates..
*91 ___
156% 167
156% 156% 157 157% 157% 163
159% 160%
162 163
3,816 152 J a n . 2 163 M ar. 3
*64% 65% *64
64% *64
64% *64
64% *64% 64% Silver B ullion C e rtificates-.
64% Feb. 15 65% Ja m 27
10% 10% 1 0 % 1 0 %
10
10
§9% 10% S ta n d a rd Rope A T w in e .........
10 % 10 %
10% 10%
1,617 '9% F eb. 15 11% J a n . 19
27% 28% 27% 28% 28
28% 28% 29
27% 29% 27% 28% T ennessee Coal Iro n A R R ... 14,795 25 F eb. 15 31 J a m 18
8
8%
8%
8 % U nited S ta te s L e a th e r Oo.___
*7% 8%
§8% 8%
8%
8%
7% Feb. 13
9% J a n . 19
771
*12 « r
59% 60% 59% 60% 59% 80% 58% 60% 58% 59%
Do
pref. 31,130 54 Feb. 13 64 J a n . 19
20% 20%
20% 20% * 2 0 % 2 0 % § 2 0 % 2 0 %
2 0 % 2 0 % § 2 0 % 20% U n ited S ta te s R u b b e r Co.......
494 18% Feb. 11 25% J a n . 19
72% 72% 71% 73
72% 72% 72% 72% §74% 74% §73% 73%
Do
p ref.
882 67% Feb. 11 76% J a n . 5
.8 3 % 83% 82% 83% 82% 83% 83% 84
83% 83% W estern U nion T ele g ra p h _
83% 84
_
8,366 8 1 F eb. 16 86 J a n . 18

12%
23%
*%
*15
*20%
*54%
45
96%
*10%
17%
165%
75
*42
*95
76%
§134
105

12% 12%
23% 23
%
%
*15%
16
21% '20%
55% ‘ §56%
45%
45
97% ! 94%
11%' *11
17%' 17%
165% '§r?0
75%! 75%
45
*42
98
I *95
77
; 76%
134 ; 133%
1055% 105%

12%
23%
%
16
22
56%
45%
97
12
17%
170
76%
45
98
77%
134
106%

12 % 12 %

22% 23%
*%
%
15% 15%

12%

12%

23% 24%
*%
%
15% 16

•T h e se are bid a n d ask ed ; no sale m ade.

12%

12%

23% 24%
*%
%
16
16%

§ Leas th a n 100 shares.

THE CHRONICLE.

45 ‘

S t'N vt>tttC %rocS. EXOH a NOK PKtCE
I X l C t l T l STOCK*.

■(

oat

i d )~ IN A C T IV E STOCKS,

Range date*) m 1 8 0 7 .

J f ir r . 5 .

M ar

INACTIVE SPOOKS,

R ange (sale*) in 1 8 9 7 .

5.

B id ,

H fis c e lliu ie o n s S to c k * .
R a i l r o a d *%oc k * .
i
F eb . A d a m s E x p r e s s ................................ j 0 0
170
170
F eb. 170
Alb***¥: A S u^iurvaancE fc-------- KKA m e r i c a n B a n k - N o te C o f l . . .
10% J a n .
9 i 9 if|
0
J iin .
A n n A r b o r . ..................................... . . 1 0 0
25
27
J a n . A m e r i c a n C o a l..................
Jan,
F r - f c r r * . ! , .........................................1 0 0 1 2 4 % _____! 2 3
100 105 J a n . 1 0 5 J a n . A m e r i c a n E x p r e s s ..........................l « o
B cvftbg * H . Y . A i r I .in # p r e .f .,1 0 0 ; 104
A m e r . T e l e g r a p h A C a b l e ...........1 0 0
22% Ja n .
B a S n J n K o o b « n « r A P i t b m n n c . JoO
1 0 \ 2n : 20% J a m
B r o o k ly n U n io n G a s ........................1 0 0
58
Jau.
57V 85
F eb.
P r e f e r r e d . . . . .................................. 1 0 0
72
F e b . B r u n s w i c k C o m p a n y ......................1 0 0
71 .......... I 7 0 F e h .
B a r i . O d a r R a p i d * A Hot ...........100
5 Jan.
C k io . J u n o . R y . A S to c k Y a r d s . 1 0 0
4
5 : -IV J a n C t> !.-« o U » * t W « W O .....................
4 0 % M u r. C o lo r a d o C o a l A I r o n B e v e l . . . 1 0 0
50 I 40
F eb.
40
C l e r . B o r a f u A W b**4. p r o f ........ 1 0 0
C o lo r a d o F u e l A I r o n ....................1 0 0
.......... ilttf t F e b . 1 8 8 % J a n .
CSeTeiiuw i A m t M t f i .................. So; i e o
P r e f e r r e d . . . .................................... 10 O
8% F e b .
B '
HI* J im .
O m M o la r * A P o l H o d s * . . . . . . 1 0 0
8%
P r a f .- r f r - i ...............................
10i
C o l. A H o o k . 0 o a l t r . r o t s . a l i p d . 1 0 0
80
90
3 % J a n . C o m m e r c i a l C a b l e ........................... 1 0 0
3°8 F e b .
O u l a t h m> S h o r e A A t l a n t i c t . 1 0 0 1
•1%
3%
8 Jan.
C o n s o l. C o a l o f M a r y l a n d ........... 100
8 Jan.
7%
9*.
P r * f w r t* 4 f ........ .................
lo o j
D e t r o i t G a s ..........................................1 0 0
40% Jan .
3 9 i* J a n .
45
A c a u - v u i o A T c r r o 11. p r o f . . . . . S O ! 3 7
E i lls o n E l e c . 111. o f N . Y ...............1 0 0
P U n ; A F o r * M a r q u e t t e ................ 1 0 0
30
J a n . E d i s o n E le c . H i, o f B r o o k l y n . . 1 0 0
30
Jan .
P r e f e r r e d .........................................1 0 0
30
E rie T e le g ra p h & T e le p h o n e ..1 0 0
40
S t e e r , B u y |S W < J # . t 4 : C 0 , 1 0 0
I l l i n o i s S t e e l . ...................................... 1 0 0
60
tKM. e tw tfs . A ............................. l o o t )
4% J a n .
I n t e r i o r C o n d u i t A I n s ..................1 0 0
5
Jn n .
5
I)i>b, o .-rtf* . B ..............................ICOOi *****
100
6
F e b . L a c l e d e G a s ..................
U F eb.
K a n a w a * be M icivt wu r .__ . . . . . . . UK
7
5
O
P r e f s i r e d ........................................... 1 0 0
3
Jan.
■
1
2
F eb.
E a o k u k A D e s M o in e s ...................100)
M a r y l a n d C o a l, p r e f ........................ l o o
J a il.
28% Jn n .
12
P r e f e r r e d .......... ..
........1 0 0 *
139) 2 7
8% J a n . M i c h i g a n - P e n i n s u l a r C a r C o . . . 1 0 0
8 Jan,
M e x ic a n C e n t r a l . . . . ................ . . . l o c i
1% Jan.
P r e f e r r e d ................
.1 0 0
1% J a n .
” iK
M e x ic a li N s t i o n a i t r . e l f * _____ ,100)
107
163% Feb. 1G7 J a n . M i n n e s o t a I r o n ..................................1 0 0
M o r r is A B s s e x ........ ......... . . . . . . . 5 0 j 164
119 Ja n , 1 2 2 M a r. N a t i o n a l U n s e e d O il C o ...............1 0 0
9. V. I . a c t A W e s t e r n ................ I d o l
15*
1*
R o r f o tk A W e s t e r n R y ............1 0 0 1
N a t i o n a l S t a r c h M fg . C o ..............1 0 0
2 8 % M a r, N e w C e n t r a l C o a l .............................. 1 0 0
28 " M a r.
P r e f e r r e i ! ........... ..............................1 0 0 : 126
16
J a n . O n t a r i o S i l v e r M i n in g .................... 1 0 0
O r. 8 b .B in e A O .N .t r .r e c .,a l ! p d . 1 0 0
14% J a n .
2% J a n . O r e g o n I m p r o v ’t C o . t r . r e o t a .- lO O
2 M ar.
P e o r i a i t i s r A K v a n e v l lly 1 0 0 ***!%
2
4
P e o ria A P a s te r n . . . . . . . . . . . H O
3 % F e b . P e n n s y l v a n i a C o a l ....... .................. 5 0
3% F eb .
8
170
163
F eb. 168
F e b . Q u i c k s i l v e r M i n i n g ..........................1 0 0
P itt* . F t . w . A ( 'M e . ( t n a r . . . —.1 0 0 1 6 3
1 8 0 J n n . 185 J a n .
IS O
178
R tn e e e la e r A S a r a r o s a . . . . . . . . . . I K
P r e f e r r e d ........................................... 1 0 0
40
F eb.
B'«< G r a n d * W e s t e r n p r e f _____ 1 0 0
4 0 % F o b . S t a n d a r d G a s , p r e f . I f ___ — .. 1 0 0
25*
T o le d o A O h io C e n t r a l ................... 1 0 0 | ’*15*
T e n n e s se e C o al A I r o n , p r e f . .. 10 0
75
P r e f e r r e d ............ ........................... 1 0 0 ' 50
T e x a s P a o lf l e L a n d T r u s t ...........1 0 0
* o i . n t. I . A K a n . O lty l i.............. 1 0 0 )
51*
U . S , E x p r e s s ...................................... 1 0 0
P r e f e r r e d ’I . . .................................. 1 0 0 1
W e lls , F a r <■:>E x p r e s s ................... 1 0 0
■<

149

161

Lowest.

A sk .

117% F eb.

1 1 1 " i*2*6" 1 2 5 T a u ,
n
J 1 1 1 % ___ m 1 0 0 % J a n ,
197
85% J a n .
96
07% 85
Jan.
% Jan.
%
%
103
Feb.
1
% .Tarn
%
121%
20
F eb.
. . . . __ 8 5
75
F eb.
14% . . . . . .
4
Jau.
162
172
33
40
35 ~ F eb .
20
Jau.
tio o ”
101% J a n .
J100
. . . . . . 97
F eb.
64% J a n ,
31% J a n .
t m
23*
72
15

.....

* S o p ric e F r i d a y ; l a t e s t p r ic e th i s w e e k .

Lxrv.

{%Ir u lim tm a c tu a l sales, )

f In d ic a te s u n listed .

H ighest.

Bid. • A a k j t o n f t

(V ol .

149**
113%
4
5
10
310
1
107

25
78
60

155

12
50
42
12
5
5
10%

37%
25
105%
100
67
42

Jan.
Jan.
F eb.
M ar,
Jau.
Jan.

25

Jan.
Jan.

1%
11%
102
70

Jan.
Jan.
J an.
Jan.

75
12

Jan.
Jan.
Feb.
M ar.
Jau,
Jan.
Jan.

13%
7
7
10%

3G** ” 46 ”
103
100

Jan.

125
Jan.
112% Fob.
0 i% J a n .
97
M u r.
®a J a n .
104
M ar.
1
Jan.
27
Jan.
75 F e b .
4*j J a n .

22% Jau.
71% F eb.

...........

3
12
108

H ighest,

Jan.
Feb.
Jan.
Jan.
5 Jan.
5 Jam
10% J a n .

52
51
15

Jan.
Jan.
F eb.
Jau.

40
101

Jan.
M a r.

B id

37 " F e b .
97
Jan.

1%
11%
108
70

A sk .

1 A c t u a l s a le s .

N E W .T O B S STOCK EXCHANGE P B IC E 8.— S T A T E B O N D S M A R C H 5 .
S E C U R IT IE S .

B id

A sk .

Alabama— C la e s A , 4 t o 5 ......... 1 9 0 6 1 0 5 %
O a e e B , 5 » ....................................W 0 6
C la e s 0 , 4 * ..................................... 1 9 0 6
O n r r e n o T l a n d i n g 4 s ................1 9 2 0
A r k a n s a s —6 s , f u n d ,H o i . 1 8 9 9 - 1 9 0 0
d o . N o n -H o lio rd

S E C U R IT IE S !

B id.

F u n d i n g a c t .................................1 9 0 0
N e w b o n d s , J< fe J...........1 8 9 2 - 1 8 9 8
C h a t h a m R R ........ ...............................

6 s , n e w b o n d s _____ 1 8 9 2 - 8 - 1 9 0 0
do
n e w s e r i e s ....................1 9 1 4
C o m p r o m is e , 3 -4 -5 6 s ......... 1 9 1 2
3 b ......................
1913

6 s .......................................... . . . . . . 1 9 1 9
S o u th C a r o l in a —4 % s , 2 0 - 4 0 . . 1 9 3 3
6 « , n o n - f n n d .............................. 1 8 8 8

104
98

T en n essee—6 s ,o ld ........ 1892-1898

R e d e m p tio n i s . . . ................1 9 0 7
do
4 % b................. .,1913
P e n ite n tia ry 4% s...................1913
V irg in ia fu n d ed d e b t, 2 - 3 s ...l9 9 1
6 s, d e fe rre d t ’s t re o ’ts* sta m p e d

7 s, A rk a n sa s C e n tra l B R

L o m s l a n a - 7 8 , o o n s ................... . x 9 1 4
S t a m p e d 4 s ............... ..............
M o w c o n o id 4 * ........... ...........

90

New York City Bank Statem ent
Feb, 27, 1897*
SUM S
(00* o m itte d .)

B a n k o f N e w T o rk .J f.2 . 0 0 0,0 $ 1 ,9 1 6 ,0 *1 2 ,6 5 0 ,(
W
M
0 0 .......f %
.050,0 2,146,2 34,190,(
Iferc& fta &•*«.<
0 0 0,0 1,048,21 11,236,3
M ech an ic# * . .
000,01 2,209,4 j 9,196, (
A m e r ic a - - - - 5 0 0.0 2,508,4 1 8 ,5 5 8 ,t
P h e ttix . . . . . . . . .
,000,0)
861,9
4,022,(
City.......... .
,000,0 3,582 3 24,528,1
T ra id e tm e a 'a ..
750.0
'*-**
C h e m ic a l.- - ......
M erch an t# * R x c h ’ge
G a ll a ti n .. . . . . . . . . — i
B a tc h e rs* < Drov*r»*
fe
M e haiiie** & Tr#d*#j
G re e n w ic h
L e a th e r M an ofBC’r it
8ev«- n t h . . . . . . . . . . . . . . . .
S ta l e of N ow Y o rk ..
itu H iC K fi Bxehftfigo.i
C o m m e rc e .

Broiwlway..

M e r^ u U M .
P a d f ir ......

€h&th»m . . .

.People#*. ..

North Atactic??
H a n c m tr.
InfifME.
a m r a # '. , . . . .

fo r

the week ending

W e om it turn ciphers (0 0 ) in all cases.
j C apital ■S u rp l’s L oans.

S E C U R IT IE S.

A sk .

M is s o u r i—- F u n d . . . . . ___ 1894* 1 8 9 5

102%
122
105

Capital A
Surplus.
134.6 6 0 .8
134,0GO,S
134.660.8
1 3 4.660.8

$1,470,0 $13,530,0
1.599.0 15.556.0
2,622,3 15.189.1
1.759.0 8.715.0
4,758,9 22.934.3
682,0 3.656.0
8,360,8 34.377.0
869.4 2.233.4
670.1
1.676.8
168.5
235.0
235.3
636.7

25.308.6
5.206.4
5.394.8

1.190.9
2
2 , 0 * 1,0

30

62%
5%

62%
6%

New York City, Boston and Philadelphia Banks:
7.0m u .
4 9 7 ,5 1 3 ,0
5 0 0 .3 6 7 .7
4 9 8 .7 4 7 .8
4 0 7 ,8 0 9 ,7

$
79.559.5
8 0 .1 9 2 .5
8 2 ,8 1 7 ,0
8 3 ,9 4 0 ,9

Legale. DepotiU.1 Oirc’l’n Clearing,

Specie.

Specie. Legate.

4.142.6

77%

1 1 7 .1 2 1 .0
1 1 3 ,4 6 4 ,5
1 1 0 .0 1 6 .0
1 1 7,022,4

6 9 .3 5 1 .8 173.8 9 2 .0 1 0 .744.0
6 9.351.8 175.270.0 10.509.0
8 9 .3 6 1 .8 175.861.0 1 0 .5 8 9 .0
3 5 .2 0 3 .0 102,080,0
3 5 .2 6 3 .0 1 0 3 .1 9 7 .0
3 5 .2 6 3 .0 103.340.0

*We

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

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

3 8 .0 0 9 .0
4 0 .1 8 0 .0
3 9 .0 3 3 .0

1 1 0 .3 7 4 .0
1 1 3.530.0
1 1 4 .2 8 0 .0

1 6 .7 8 7 .5
16.723.5
1 8,613,4
1 6 ,4 9 1 ,1

$
6 0 2 .7 1 7 .3
4 6 0 ,8 2 6 ,0
8 3 5 .1 2 5 .4
4 4 8 .4 6 2 .4

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

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

o m i t tw o c ip h e r s i n a ll th e se fig u re s.

+ I n c lu d in g f o r B o s to n a n d P b lla d e lp lila t h e I te m “ d u e to o t h e r b a n k s " .

936,4

Miscellaneous and Unlisted Bonds:
2,8(5u,8
1.971.0
606.0 2.324.5
illh c e lla o e o n ii B on d s.
M fsc e lta n e o u ii B o n d s.
5.087.0 19.706.0 B r’J d y n U n . C 4a»,lat co n s . 6s. 109 b. f a t . C ond. & I n s . d e b . 0 8 . . . , .
5.854.2 20.141.4 Oh. J u n . & S. Y d s.—O o l,t.g „5 « ‘■108 b, M a n h a t. B e a c h H . & L. g . 4s,
548.3 4.977.0 C o lo rad o 0 & 1 . 1 s t co n s.6 s,g . 9 0 a. M e tro p o l. T e l. T e l. 1 s t 5 s .
M io h .* P en in . O a r 1 s t 5 s . . . .
8.664.5 Col, G. I t I* D e r e l. g u . &a........
2,5)84,5 C o lo rad o F u e l & I .—G en . 5 s . * * 8 f V M u tu a l U n io n T e le g ,—6 s, g .
2.093.9 14.086.1 Col. & H o c k . C o al <fe I , —6a, g.
H a t. S t a r c h M fg . 1 s t 0 s . - - . „ 10 1 % b .
1*522,6 6.383.0 C ons.Q aa Go., O h l o . - l a t g u . 5 s
H .Y . & N . J . T e lo p . g e n . 5 a ,.
1 T r th w e s te .n i T e le g r a p li—7 b
So
643.4 2.082.0 .Do B ard e leh o n O. & I . —g. 6s.
1.700.3 7.135.6 n e t , C a s o o n . 1 s t 5 . . . . . . . . . . .
70 b. P e o p l e s G as <& C. 1 1 s t g , 6 s .
Co., O h lc a g o ..... J 2 d g. 08. 108 a .
8.518.0 24,996 9 E d iso n E le c . i n . C o . - 1 s t 5 s .. ♦110 b.
1 s t c o n s . g. 8 s . . . . . . . . . . . . . . . 1 0 4 b .
543*3 2.858.0
D o,
o f P .k ly n ., 1 s t 6 s .. ♦Ho %b.
S o u th Y u b a W a t e r —C on. 6a.
200,0! 2.750.6 E q u i t. G .-L .,N .Y .,e o iia. g .5 s .
99 t4b
527,2! 3.013.0 E q u i ta b l e O. & F .—l s t 6 s —
S ta n d a r d Bop© & T . ls t g . 0 8 .
73 %b.
1.204.2 5.935.5 E r i c T o ieg , & T e le p . 5s, g — 101 t).
I n c o m e 5 s . . —..
..........
20 %b
626.6 3.079.9 H e n d e r s o n B rid g ii—1 s t g .O s. *107 b. S u n d a y C re e k C oal l a t g 8 s _
1.417.0 9.598.4 I llin o js S te e l d e c . 5 s — . . . . .
W e s te r n O n io n T e le g .—7 s . . .
2.325.6 6,384,3
H o n -o o n v .d eto . 5 s .................
W h e e l.L .E .& P ltts .C o a l Is tS e
327.4 1.023.0
27oTB.—“t ” indicates price tM ; “a ” price ashed. * L atest price th is weekT*
3.475.0 24.298.0
6.313.2 33.744.6
B a n k S t u c k L i s t — L a t e s t p ric e s * ( f N e w s t o o k , * N o t L i s t e d ,
281,6 1,100,2
5.610.2 24*207,9
BANKS.
B id . A sk ,
B id . A sk .
BA N ES.
1,502,0! 10.114.0
BA NK S.
B id .
1.179.0 5.9
J 1,0
!£ r!ia tix
882,2! 4.382.8 America...... H15
O a rfle M .........
115
N i n t h .............
2,816,o; 23,816,8 Am, Kxch... 173 V76 O o rm a u A m .
UHh Ward.. 100
G e rm a n E x .*
1.768.4 10.707.5 A s to r P lac e* 2 8 0 245
300
. . . )G «wm anirt... - 350
N. America. 185 142
284,9 1.373.6 B o w e r y * ..... 30(1
!Oriental.-... 175
852.0
2.938.0 B ro a d w a y .... 280 250
G r e e n w ic h ... 165
LFaelfie...... 170
383.2 3.280.0 Btitchi<& jDr,. 3 25 140 H a n o v e r ...... 315 m
95 jPark.......... 200 2 7 0
H dO <ft Lr*
484.81 2.766.0 I Cent nil f... . 155 170
People’s ...., 200 240
H u d , B lv e r .. 1 S 8
0,078,8 22454,3 C h a se ,,-....., 4 0 0 lio .A TradO ’w r>25 560 | Ph
110
700,7! 8.087.1 Chatham ,.-.. 290 300
! Plaza*.......... i l l
614.2 3.020.6 C liem icai,.--- 4 0 0 0 4500 I r v i n g . — * - 140
Prod. Ex.*... 1.20 125*
L e a th e r M fa' 185
426.81 3.847.6 8 C i t y . . . . . . . . . . 500
jBe public... 150 155
735,5! 0,685,2 UltTzunfl*..-.. 125 140
L i b e r ty * .___ 135
L i n c o l n , . - . . . 750
S e a b o a rd — 189 175
1.217.2 0,615,4 Columbia— 170
877.7 4.699.5 Com m e re© ... 205% 210 ; M a n h a tta n ... 210 2 3 0 !Second...... . 425
Seventh. , 100
400,4! 1.820.2 C ontinental. 130 140
M a rk e t& F u l 210
98
Shoe & Le’fc 90
h
MccbaniCH*. 187 393
1.4
28.91
6.383.6 Corn Kxch... 285 300
, M ’chs* &T t s ’ 180 135
Siateof N.Y. 114 117
445.0 2.293.0 IS ast lU v e r .. 133
102
'Third
M e r c a n tile .,.
3.927.0 0,181,0 n th Ward.. 200
T r a d e s tn ’a ’s. 90
365.0 1.502.0 Fifth Are.... 2000 3 4 0 0 M e rc h a n t,* 140
130
1 2 th W a rd * .
M e r c h 't. E x . 110
5.300.1 14.439.2 , Fifth*....... . 250
U n i o n .. . . . . . 190*
M e tro p o P s ... 425
1,547,6! 6.231.0 F i r s t . . . .......
2,190,0 11.270.0 F i r s t N „ S. I . 120 * i e o " M t. M o r r i s . . 98 102
U n io n S q . . — 175 ioo”
155 170
U u ’d S ta t e s . 175
495.7 2.545.8 l U li S tr e e t..
246,9) 3,127,2 F o u r i t i . . * . . . . 178 185 N . A rne’dam . 190
Y o rk v llle * ... 170
228.2

2
#

2.7 7 4 ,8 8 3 ,1 4 9 7 ,6 0 9 ,7 83,940,9 117,022,4 573,709,3

G a lla tin . . . . . 810

canaeroort.. 95

830
105

N o w Y o r k ... 230
;n ..Y . O o 'u ty 650

240

W e s t e r n . . . . . 114
W e s t S id e .. . 275

120

BO STO N ,

P H I I .A .D E L P I U A
T

A c tiv e S to c k s .
« J n d ie a te s u n lis te d

459

THE CHRONICLE

M a b c h 6, 1897.]

S a tn rd a v ,
F eb . 27.

M onday,
M a r. 1.

1 2 % 12 %
1234 123*
A U'H. T . & S. F e .tB o s to n K lO O
A tla n tic & P a c .
"
100
*14% .. .
E a tl m o r e & O M o {Bait.) .1 0 0
*60
...
B a i t. C it y P a s s ’g e r "
25
18
18
18% 18%
B a ltim o re T r a e tlo n "
25
18% 18%
B a l t i m o r e T r a e ’nK ( P f tif .) . 25
212 212
B o s to n & A lb a n v ( l f o s i o » ) .1 0 0 211 211
211 211
211
'
100
B o s t o n & L o w e -ll
100 * 1 6 0 t3
x l6 2 162
B o s to n & M a in e .
“
100 * 9 3s 10 % *9% 1 0 %
C e n t r a l o f M a s s ..
*06
58
58
*•
100 *56
P r e f e r r e d ..........
758,
75% 76%
75
“
100
C h ic .B u r ,& Q u in .
77
77%
(P h il.).1(10 76=8 7 6 %
C h ic . M il.A S t. P
8
8
"
50
C h o e .O & G .v o t,t.c
lt%
l!%
100
a t . B t- B y .o f l n d V
9 1 % 91%
*91% 91%
F i t c h b u r g p r e f . . (Boston ) . 1 0 0
23%
23
23% 24
L e h ig h V a ll e y . (P h ila .). 5 0
107% 107%
M e tr o p o l’n T r a o .U “
100
9
9
9%
9%
M e x ic a n C e n t ’l (Boston). 1 0 0
N e w E n g l a n d ___
"
100
60
60
5 9 % 5934
P r e f e r r e d ..........
“
100
*69
69%
N o r t h e r n C e n t r a l ( B a l ,) . 5 0
14% 14%
1 4 % 14%
N o r t h e r n P a c i f ic (P h ila .) 1 0 0
38% 38%
3834 3 8 %
P referred
**
100
180
180
O ld C o lo n y ........ (Boston) 1 0 0 * 1 7 8 1 7 9
52% 52%
52% 5 2 %
P e n n s y l v a n i a . . . ( P h ila .). 5 0
12 % 1 2 %
12 % 1 2 %
P h il. & R e a d i n g !
“
50
72% 72%
72% 72%
P h U a d e lp h . T ra o .
“
50
7%
7%
7%
7%
U n io n P a c i f ic . . . ( B oston). 1 0 0
12 % 1 2 %
9%
9%
U n io n T r a c t i o n . .(P h ila .). 5 0
itH s e e lla n e o n a S to c k * .
116% 1 1 7 % 117% 113%
A tn .B u g ’r R e fin .li (Boston ) —
103% 104
T03
104
P r e f e r r e d ..........
223
225
100 221 3 2 3
B e l l T e l e p h o n e ..
2 5 1 1 7 % 1 1 9 % 1 2 1 % 1,24%
B o a t. & M o n t a n a .
16
17%
15
16%
25
B u tte & B o s to n !
375 390
2 5 •3 7 0 3 7 5
C a lu m e t & H e c la
' .......... 6 7
67
67
C a n t o n C o ............. (B a ll.). 1 0 0
6 1 % 61%
61
61
C o n s o lid a te d G a s
“
100
26% 26%
E i e o .S to r . B a t ’y iH P M t a J .lO O
P r e f e r r e d 11
"
100
66% 66 % ' 66 % "67
E r i e T e l e p h o n e .! Boston ) . i 00
34% 35
35
35
G e n e ra l E le c tric .
“
100
75
75
75
75
P r e f e r r e d ...........
100
36
36
*36% 38
I l l i n o i s S te e l . . . .
“
100
*21
22%
22
22
L a n s o n S to re S e r.
“
50
39%
39% 30%
L e iil’h C o a l& N a v . O M ia., 5 0 *39
104
103 103
N . E . T e l e p h o n e (B o sto n ).100 1 0 3
1 4 % 14%
14% 14%
P a . H e a t .L . & P o w f P h ila .) ____
U n i t ’d G a s I m p .H
“
50
W e is b a o h L i g h t ii
•*
5
*2
*2 %
2%
2%
W e s t E n d L a n d . . ( Boston) ___
* B id a n d a s k e d p r i c e s ; n o s a l e w a s m a d e .
In a c tiv e S to c k s .

B io .

AND

B A L T IM O R E

STOCK

EX CH AN G ES.

S h a re P ric e * — a o t P e r C o n ta in P r ic e s .

A sk .

T u esd ay ,
M a r. 2 .

12 %

12 %

12%

60
18%
18%

212
212

212

212

162
162
10
10
*56
58
76
76 %
76% 77%
8%
8%
18% 18%
91% 91%
23% 24%
9%

9%

18%

212 % 212 %
211 ....
163
165
*9% 1 0 %
58
5f
76 % 77%
7 6 % 77%
8%
8%
18
18%
91% 92
2 4 % 25%
9

9%

59
*59
60
59
*70
*70
1 4 % " l4 %
14% 1 1 %
3 8 % 38% *38% 38%
*178% 179%
180
179
52% 5 2 %
52% 52%
1 2 % 1 2 7 lg 1 2 7 ,8 1 2 %
7 3 % 73%
72% 73%
*7
7%
7%
7%
12 % 1 3 %
12% 12 %
116% 118
104
104
224 225
121 124
16% 17 %
385
390
'
67
' .......... 6 1 %
67
34%
*75
37

67
34%
77
37%

117%
103%
225
119%
16%
385

44

44

* 2%

2%

12=8

‘ 6 i % '6 1 %
26% 27

61%
27%

61%
27%

66% 67%

66 %

67
34%
77
37%

35%
76
*37

38%
77
38
39

31%
77
36%

*21

22

39

102% 102 %
14%
73%
44
*2 %

F rid a y ,
M a r . 5.

12%

12%

S a le s
o f th e
W eek,
S h ares.
2 ,7 6 8

-5 0
-7 5
10
*15
16
60%
100
*59=8 6 0 % * 6 0
*18% 18% *18% 18%
600
410
18
18%
217
217
62
*216 217
212
213
212 212
31
1 6 2 % 163% 162
208
163
1 0 % 1 0 % *10
15
11
*57
58
*56
58
76% 73
7 6 % 7 7 % 17",894
76% 77%
7 6 78 7 7 %
8 ,1 6 0
8%
8%
1 ,5 8 5
*8
8%
7;
19
20%
93% 93%
92
93%
759
2 4 % 25%
24% 24%
6 ,8 4 7
370
106
106%
2 ,5 7 7
8%
8%
*37
40
60
60
60
60
319
*70
70%
1 4 % 14%
'l 4 % ‘ l4 %
1 ,1 4 0
1 ,0 6 1
37% 38%
37% 37%
146
4 7 8 % 179% 179% 179%
52% 52%
2 ,2 5 7
52% 52%
1 2 % 1 2 %, 1 2 5 ,s 12 % 6 1 9 ,8 6 8
7 ,3 3 1
73% 74
7 1 % 72%
7
7
7%
7%
97'
12 % 13%
1 2 % 1 3 % 2 3 ,1 1 1

118% 1 1 5 % 1 1 3
104%
104% 1 0 4
224
225
225
12 2 % 12 0 % 1 2 2 %
17%
16% 17%
375
380
385

22
■*39" 3 9 %
102% 103
1 4 % 14 %

12 %

12%

’ 15% ‘ 15%
60
18%

T h u rsd ay ,
M ar. 4

W e d n esd a y
M a r . 3.

22%

39%
103
14% 14%
73% 73%
39%

102

14%
74
44
2%

B onds.

B oston U nited G as, 2 d m . 5S..1939
B orl.& M o. E lv e r E x e n p t 6 s, J& J
N on-exem pt 6 s....... ..1 9 1 8 , J & J
P lain 4 s.......................... 1910, J& J
Ohio. B u r l .* N or. Is t5 ,1 9 2 6 , A&O
2d m ort, 6 s ---- .......1 9 1 8 , J& D

115%
104
224
119%
16%
375

*66

*61%
*26%
*23%
66 %
35%
*75
*37

*22
39%
102%
14%
*73%
43%

117%
104

221

121%
17
375
67
62%
27
30
66 %
36
77
37%
22%
39%
103
14=8
74
43%

*2%
2%
2%
2%
t T r u s t r e o e l p ts .

B id .

B a n g s o f s a le s in 1 8 9 7.
L o w e s t.

H ig h e s t

11% F eb .
•15
F eb.
14% F eb .
59% J a n .
17
Jan .
17% J a n .
209
Jan.
205
Jan .
159% F eb.
10
F eb.
57
Jan .
69% J a n .
73
Jan .
7% J a n .
18
F eb.
91
Jan.
20% F eb .
106
M ar.
7% Jan .
37% J a n .
57
F eb.
67% J a n .
13% J a n .
33% Ja n .
176% J a n ,51% J a n .
I l l s , , ,F e b .
66% J a n .
6% Jan.
8% J a n .

12=8 M a r .

2 5 ,0 2 4
505
538
2 3 ,5 4 9
7 6 ,7 3 0
247

110
Jan. 5
100% J a n . 6
205% J a n . 4
94% J a a .
2
6
J a n . 11
326
Jan. 2
20 6 0 J a n . 8
4 1 2 60% F e b . 2 4
220 7 5 % F e b . 2 3
2 7 % F e b . 15
5 8 4 64% J a n . 4
1 ,9 7 4 3 2 % J a n . 2
Feb. 18
208, 73
145! 3 0
Feb. 13
833: 20% J a n . 6
F eb . 24
205: 39
209 101% J a n . 2
1 ,4 1 5 1 3 % J a n . 5
Jan. 6
259 71
F eb. 15
177 40
200
1% J a n . 5
1 T r u s t re e .,a ll in s ta l.
B o nds.

•37%
17%
62%
18%
18%
217

212
166

11

58
78
77%
8%
25%
93=8
30%

110 %
9%
37%
61%
70
16%
39
180
52%
14
74
9
13%
118%
104%
227%
124%
17%
390
67%
62%
31
S3
67%
36%
78
41%
23%
42
103
15
74%
47
2%
p a id .

Jan.
Jan.
Jan.
F eb.
Feb.
M a r.
M a r.
Jan.
Jan.
M ar.
M a r.
M a r.
Feb.
Jan.
M ar.
Jan.
Jan.
Jan.
Jan.
Jan.
Feb.
Feb.
F eb.
M ar.
M ar.
Jan.
M ar.
Jan.
M a r.

3
13
8
4
17
17
4
2
18
20
3
4
3
5
20
4
2
5
30
19
7
15
1
1
1
3
18
4
7
3

M a r.
M a r.
Feb.
M ar.
M a r.
M a r.
Feb.
Jan.
F eb.
Jan .
Feb.
Feb.
Jan.
Jan.
Fob.
Jan.
Jan.
Jan,
Feb.
Jan.
Feb.

3
3
20
1
3
1
6
15
1
29
24
2
20
18
1
14
26
22
3
12
9

B id . A s*

96%
P e o p l e ’s T r a e , t r u s t o e r t s . 48..1 9 4 3
98
P e r k i o m e n , 1 s t s e r . , 5 s . l 9 1 8 , Q —J
265
P h i l a . * E r i e g e n . M . 5 g .,1 9 2 0 , A & O 1 1 8
G e n . m o r t . , 4 g .............1 9 2 0 , A & O 1 0 4 %
P h i l a & R e a d , n e w 4 g ., 1 9 5 8 , J & J
81%
“
50
O i t a w i s s a ......... ................
49%
44
1 s t p r e f e r r e d .............
1 s t p r e f . in c o m e , 5 g , 1 9 5 8 , F e b 1
“
50
D e b e n t u r e 6 s . . . . ____ 1 8 9 6 , J & D
30% 3 2
2 d p r e f . in c o m e , 5 g , 1 9 5 8 , F e b . 1
32
C e n t r a l O h io .................. (Balt.) 5 0
30
Ohio. B url. A Q uincy 4 s 1922, FA A § 9 1
5
10
O a io a g o & W e s t M io h .(B o s to n ). 1 0 0
3 d p r e f . in c o m e , 5 g , 1 9 5 8 ,F e b . 1
9 3 ^8
Io w a D ivision 4 s . . . ..1 9 1 9 , A&O 7 9 5
149
C o n n e c tic u t & P a s s . .
'*
100 147
2 d , 5 s ................................. 1 9 3 3 , A & O 1 2 0
98
Chio.&W.MiOh. gen. 5 s, 1921, J& D ? 5 5
250
57
C o n n e c t i c u t K iv e r . .
“
100 240
C o n s o l, m o r t . 7 s ___ . . 1 9 1 1 , J & D 1 2 9 %
Consol, o f V erm ont, 5 a .l9 1 3 , J & J § 51
C o n s o l. T r a c t , o f N .J.U (P h ila.).) 0 0
28% 2 9
53
C o n s o l, m o r t . 6 K . . . . . . 1 9 1 1 , J & D 1 2 1 %
C u rren t R iv er, 1 st, 5 s ..1927, A&O f 5 0
Iis la w a re & B o im d B r.
"
100 165
65
I m p r o v e m e n t s 6 g ., 1 8 9 7 , A & O 104%
D et. L ans. A N or’n M. 7 s.l9 0 7 , J& J 1 5 5
10
12
F l i n t & P e r e M a r q . . . (Boston). 1 0 0
C o n ,M .,5 g „ s ta m p e d ,1 9 2 2 ,M & N
58
33
P a s te rn 1 s t snort 6 g .l9 0 6 ,M & 8 .. 5 1 1 9 1 2 0
T e r m i n a l 5 s , g .......... 1 9 4 1 , Q .— F .
35
P r e f e r r e d .........................
“ 100
H s s to n v i U e F a s a e n g . (P h ila .). 5 0
P h i l . W ilm . & B a l t . , 4 8 . 1 9 1 7 , A & O i o i "
51
5 1 % BTee,Elh,&M .V.,1st, 6s,1933, end. 5 1 2 7
128
61
U nstam ped, 1st, 6 a, 1933............ § 1 2 7 1 2 8
62
P i t t s . C. & 8t . L ., 7 s . . . . 1 9 0 0 , F & A 1 0 8 %
P r e f e r r e d IT— ...........
50
K .C .C .& S pring,,1st, 5g.,1925,A&O | 5 0
60
H u n t .* B ro a d T o p ...
“
50
R o c h e s te r R a ilw a y , o o n . o s .,1 9 3 0
K 0. F .S . & M. oon. 6 s, 1928, M&N § 8 0 % 8 1 % 8c h u y L R . E , S i d e , l s t 5 g , 1 9 3 5 , J & D 1 0 4
P r e f e r r e d .....................
“
50 ‘" iT ’ '4 8
K a n . C*y F t,B . & M e n :.( B o s to n ) .1 0 0
K.O. Mem. & B ir.,lst,2 s , 1927. M &8 * 6 5
5
10
68
U n io n T e r m i n a l 1 s t 5 8 ___ . . . F & A
30
P r e f e r r e d .....................
“
100
K.
C. St. J o . & C. B ., 7 s ..1907, 8 J1 2 0
40
§ 1 1 J&
L. Rock & F t 8 „ 1 s t,7 s ..1905, J& J § 8 8
54
L i t t l e S c h u y l k i l l , ......... (P hila.). 50
A tM n ta t& 6 h a r f , ! ^ i a ? ? s f i 9 0 7 , J & J 1 2 1
53
90
M a in e C e n t r a l . . . . . . . (Boston) 1 0 0 1 1 8
L oais.,B v.& 8t.L .,lst,6g.l926,A & 0 § 1 0 0 1 0 3
120
B a ltim o re B e lt, 1 s t, 5 s .1 9 9 0 , M & N
93%
M m e H i l l & S . H a v e n ( PhUa.). 5 0
57% 58
2m ., 5 — 6 g ................. 1 9 3 6 ,A&O
8 7 % B a lt. C . P a s s . 1 s t 5 s . . 1 9 1 1 , M & N 1 1 4
N e s q u e b o n in g V a i . . .
*'
50
5 3 % 5 4 % Mat. H . & O nt., 6 s ....... 1925, A&O
109
B a l t. T r a c t i o n , 1 s t 5 s —1 9 2 9 , M & N 1 1 1 ^
E x te n . & im p t. 6 s . . ..1 9 0 1 , M & S 1 0 5
N o r t h A m e r i c a n C o ..
“
100
4%
68%
4=8 'M exican C en tral, 4 g . . .1 911, J& J
1 s t oonsol.inoom ea, 3 g, non-oum.
91
N o . B a l t . D iv ., 5 b .........1 9 4 2 , J & D 1 1 1 %
N o rth P e n n s y lv a n ia .
“
50
18%
0 r . 8 h . L i n e a i l a s s t . p d (Boston) .1 0 0
2d oonaol. incom es, 3s, non-oum.
15
18
8 % B a l t i m o r e & O h io 4 g „ 1 9 3 5 , A & O 1 0 2 %
P e n n s y l v a n i a A N . W . (Phila. 1. 5 0
,N. V. & N .E ng,, 1 st, 7 s, 1905, J&J*
P i t t s . & C o n n ., 5 g -----1 9 2 5 , F & A
120
f lta te n I s la n d , 2 d , 5 g .1 9 2 6 , J & J
P h tta d e l. & E r i e . . . . . .
“
50 " W
113%
1st m ort. 63 ------- ------ 1905, J& J
.R u tla n d — ............... ..(B o sto n) .100
O g d e n . & L .C .,C o n . 6 a . . . 1 9 2 0 ,A& O
R e c e i v e r s ’ c e r t jf io a te s , 6 S - .J & D i0 3 %
1
83
%
25
In c, 6 s ......
- .1 9 2 0
93
** 1 0 0
P r e f e r r e d , .......................
D o . M a r y la n d C o n s t r u e . , 6s .........
15
50
S o u t h e r n .......................... fjB « W ,).1 0 0
B n t l a n d , 1 s t , 6 s ...............1 9 0 2 ,M & N 5 1 0 5 % 1 0 6
D o . P i t t s b . & C o n n e lls ., 5 s . . J & J 1 0 0
P r e f e r r e d .........................
“
100
2 d , 5 s .................................1 8 9 8 , F & A 4 9 8
B a l.& O h lo S. W .,l » t,4 % g ,1 9 9 0 , J & J
100
W e s t E n d ......................... (Boston). 5 0
74% . 74%
0 a p e F .& Y a d .,S e r.A „ 6 g .l9 1 6 , J & D
M&N 108
91 1 9 2 i A tla n tf
P r e f e r r e d ....................
”
50
O e n t, O h io , 4 % g ......... — 1 9 3 0 , M &8
U n ite d C o s. o f N . J . . <FhUa.),\Q0 2 4 5 % ! ....
B u ffa lo B y . c o n s i s t , 5 s — — . 1 9 3 1 1 0 6 % 1 0 7 % C e n t. P a s s ., 1 s t 5 s ......... 1 9 3 2 , M & N i i S ?
W e s t J e r s e y .....................
“
60
C a t a w i s s a , M ., 7 a -------- 1 9 0 0 , F & A 1 0 8 %
C it y & B u b ., 1 s t 5 8 ........... 1 9 2 2 , J & D m %
W « a t .1e r s e y & A t l a n .
**
50
C h o c . O k la . & G u l l , p r i o r l i e n 6 s . . 110
C h a r t , C o l .& A a g ,e x t .5 s .1 9 1 0 , J& .J 1 0 8
W e s t e r n ft.Y . & P e a o
“
100)
2% !
2% c i t i z e n s ' B t.R y .o I i n d .,o o n .5 s ,1 9 3 3
C o l, & G r e e n y ., 1 s t 5 -6 s. 1 .9 1 7 , J & J 1 1 2
76
W is c o n s in C e n t r a l . ..(B o sto n ). 10 0
G e o r g i a * A la ., l s t p f . 5 s . 1 9 4 5 , A & O 1 0 3 %
2%
2 % C o ln m b . 8 t , R y „ 1 s t , o o n . 5 a . . l 9 3 2
P r e f e r r e d ........................
*1 100:
G a , O a r , & N o r . 1 s t 5 g . .1 9 2 9 , J & J
79%
3 I 1 0 1 C o la m b . O . C r o s a to w n , lB t,5 s ,1 9 3 3
W o ro ’s t.N a s h .& R o e h .
**
1 0 0 1 1 2 ,1 1 8
'C o n s o l. T r a c t , o l N . l B t , 5 8 .1 9 3 3
8 9 % 8 9 % G e o r g ia P a o „ 1 s t 5 - 8 s . . . l 9 2 2 , J & J 1 1 4
WlBOBULAKkOOM.
D e l, & B 'd B r ’k , 1 s t , 7 s . 1 9 0 5 ,F & A 120
f lo o r . S o . & F I » „ 1 s t o s . .1 9 4 5 , J & J
94
A lie n a * M tn ’g , a s s t p d f B oston).
E a s to n & A m . ls tM ,,5 s .l9 2 0 ,M & N 1 0 5 %
N o rth . C e n t, S s—
___ 1 9 0 0 , J & J 1 * 7 %
%
1
A t l a n t i a M in in g ...........
“
8 s ....................... — ........... 1 9 0 4 , J & J 1 1 2
23
2 3 % E le c . & P e o p l e ’s T r a p , s to c k , t r . c t f s
74% 75
B a y S t a t e G a s 1)_______
"
S e r ie s A , 5 s ............. — 1 9 2 6 , J & J. 1 1 5
5=8
5 % E l m i r . & W U m ., 1 s t ; S s .l & lO , J & J . 1 1 8 %
B o s to n L a n d . ...... .....
“
4 % s .....................................1 9 2 5 , A & O 1 0 8
4
4% H e s t o a v i l l e M . & F ., c o n . 5 8 ..1 9 2 4 1 1 5
C e n t e n n ia l M in in g __
'*
P i t t s . & C o n n e lls . 3 . s t 7 a . l 8 9 8 , J & J 102
108
8=8! 8=6 H u n t . & l l r ’d T o p , C o n . 5 s . '9 5 ,A & O
F o r t W a y n e E l c c t .i l ..
“
90
%|
1 ; L e h ig h N a v , 4 % s ...........1 9 1 4 , 0 —J i ' o T ' 112 I S o a th e r n , 1 s t 5 a . . . . . . . . . 1 9 9 4 , J & J
F r a n k l i n M in in g ____
“
2 d 6 s , g o l d — .............. 1 8 9 7 , J & D 1 0 3
V i r g i n i a M id ., 1 s t 6s . . . 1 9 0 6 , M&B 1 1 2
U
! 11% .
I f re a o K m 'n ’s B a y i . ’d .
G e n e r a l m o r t . 4 % s , g . l 9 2 4 , Q ~ F 102%
j 2 d S e r ie s , 6 s . . . ............................1 9 1 1 M A ­
n e
%
%
K e a r s a r g e .M in in g ....
“
L e h ig h V a l.C o a l 1 s t 5 a , g , 1 9 3 3 , J & J
IM S e r ie s , 6 s .............................. 1 9 1 6 , M &S2
11
1 8 %! 1 9
95
O s c e o la M in in g .— . . .
“
95
34
8 4 % : L e h ig h V a lle y , 1 s t 6 s . . . 1 8 9 8 , J & D 1 0 4 %
4 t h S e r i e s , 3 - 4 - 5 s ....................1 9 2 1 , M&fi
F o llin a n P a la c e C a r .
“
__________ 6 2 I 2 d v s ................................. . 1 9 1 0 , M &8 1 3 0
10
161
1
5 th . S e r ie s . 5 s .............................1 9 2 6 , M&S 2 %
P e n n s y l v a n i a S t e e l . . (PhUa.). 100
1 3 0 | C o n s o l. 8 ........................... 1 9 2 3 , J & D 1 1 3 %
W e s t V a . C. & P . 1 s t , 6 g . 1 9 1 1 , J& v 1 0 6 %
P r e f e r r e d H .................
“
100
N e w a r k P a s s e n g e r , o o n . o s .. .1 9 3 0 1 0 7
W ilm , C o l. & A u g ., 69 . . 1 9 1 0 , J & E 1 1 5
70
Q u in c y M in in g .......... B oston). 25
MISCELi.AN BOBS.
N o r t h P e n n . 1 s t , 49 — . 1 9 3 6 , BfefcS 112 %
111 '112
T a m a r a c k .M in in g .,
1 2 1 |1 2 3 ! G e n . M . 7 e ...................................1 9 0 3 , J & J
B a l t i m o r e W a te r 5 S . . . 1 9 1 6 , M &N 1 2 4
120
W a te r P o w e r . . . . . . . . .
F u n d i n g 5 a — ______ 1 9 1 0 , M & N
%
1 ! P a t e r s o n R a i lw a y , c o n s o l. 6 a . . . . „
W s s t ln g h . E l e c . * M . ,
E x c h a n g e 3 % a ............... 1 9 3 0 , J & J 1 0 6 %
24% 25% P e n n s y lv a n ia g e u .6 s , r ..! 9 1 0 , V ar 1 3 0
134*
:>r e l . , C u m u la tiv e
72%
O o n a o l.6 s ,c
. . . . . . . .1 9 0 5 ,V a r 1 1 8
V ir g in ia (S ta te ) 3 s ,n e w . 1 9 3 2 , J & J
51
51%
62
C o n s o l. 5 s , r . . . . . ________ . . . 1 9 1 9 , V a r 8 %
F u n d e d d e b t, 2 - 3 S .....1 9 9 1 , J & J
l i o n d * —S o t t o n ,
11
A.:. • ,
A a m ,t a
•: A 1AAA
C o l l e t , T r . 4 % g ........... 1 9 1 3 , J & D
C h e s a p e a k e G a s 8 b—
1900, J * D 106%
A d ju s tm e n t g. 4 s, 1 9 9 5 .
P a . & N. Y. C a n a l,7 s ...
< 6 .J & D
C o n s o l. G a s , 0 b, . ™ . — 1 9 1 0 , J & D 1 1 6
B o a . ii U n ite d G a s 1 s t 5 a
5 s . . . ________
109* V
O o n , 5 s .............................. 1 9 3 9 A & G
108%

Prices 0) M arch 5.
92
A t l a n t a & C h a r l o t t e (Balt.). 1 0 0
E l s t o n & P r o v i d e n c e (Boston).100 8 6 2
C a m d e n & A t l a n t i c p i. (P hila.). 5 0

'Priceinolndea overdue ooupon.

U U nlisted.

4 And aoorued lutereat.

f 67
68
Ill7
118
5107
108
98
5 95
§104% 1 0 4 %
99
99%

97
119
105
81%
45
33
31

__ ,
130
122%
105

95%

......
94%
114%
105%
111%
103%
104%
98
100
113%
112%

. __

113
104%
80
116
94^
108

___
90%
118
103
107

73%
62%
107
lO S ? ^

THE CHRONICLE.
NEW

YORK

STO CK

R im o x a M
an>

B®nm*

EXCHANGE

fV O L.

P R I C E S ( C o n ti lu te d ) — A C T IV E B O N D S

_ ~ J

I n f* l #*H£«- I
ifwri&di m ar, 5
M

unnm
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in W&¥*
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M ARCH H AND FOR TE A R

l a i v

.

1897.

In t’tt V losing Itangc (stiles) in 1 8 9 7
P rice
Period Mar. 5.
Uighett.
Lowest.

S l t U O i l ) AND

M is o b u a n k o b s B onds .

6 9 b, 69
M e x . r m o r n a t ’i — 1 s t, 4 , g , t i ) 1 2 M & S
M ar. 7 3 J a n .
b l e u . C e n t. I M . e o n r . , 7 * . 1 9 0 2 M A N l l 'U s b . 116% J a u , 1 1 7
Feb.
C o u e o i., 5 » .............................1 9 0 2 M A N 1 0 5 b 107
Feb. 1 0 7 F o b .
M ln u .A S t.l,.— l r t i« .m .5 B ,g .l 9 3 4 M A N 1 0 2 % Vi. 100 J a n . 1 0 3 % F o b .
A-.. T, A f 1 . - S e w ► ■- ** t g g | An * .
'•
93%
M o. K . A E . —1 s t 5», g ., g u .,1 9 4 2 A A O
92 M ar. 9 5 % J a n .
A d ju a ta w s t
....I S J j N o*| •
81%
M. K . A T o £ t t 8 . - l 8 t , 4 8 , g . l 9 9 0 J A X )
82 J a n .
8 4 % M u r.
B 'w » y * 7 » b A v ,- l * t ..
4«j A 1
60
2 d ,» « , g ............................. . . 1 9 9 0 F A A
63
Jan.
58% Feu.
Brooklyn K ief. ! “ •«*.• - } 9 - i S “ H
87 a. 85
M o . P a e . — l r t , o o n . , 6 g ........ 1 9 2 0 M A N
87% J a n .
Fob.
i n t o t i K e v . U ' S . - ' f ...i* -'* ': •> A •'
3 d , 7 s .........................................1 9 0 6 M A N 102 b. 102 F eb. 1 0 2 % -M ar.
B k lv n H a p . T r .i i : .- , 5 ,• .. 19 S-; A A U
F a o . o f M o .— l s t , e x . , 4 g . l 9 3 S F A A *101 a . 100% J a n . 1 0 1 % F e b .
B i l l a . l 'n . O . . * , l - t . c o t t . 5 s . J 9 L ' “ * "
2 d e x t . 5 8 ......................... . 1 9 3 8 J A J " 1 0 1 % b, 101% Ja n . 1 0 3 % J a n .
B 'k l y a W a r t * W . H - 1 «u.5».k. 45 r * *
S t. l - A I r . M t . l 8t e x t . , 5 8 .1 8 9 7 F A A 1 0 3 b. 101 Feb. 1 0 3 % J a n .
O ain a 4 * s*a« U w n . —l * t , 5#» 10O d ,4 * £
2 d , 7 g ................................... 1 8 9 7 M A N 1 0 3 % b .
% Ja n . 102 % F e b .
*% ft*
*
..11*13 M A »
C a i r o A r k . A T e x a s , 7 k . 1 8 9 7 J A D 10 2 %t>. 08 Ja n . 1 0 2
F eb.
C c r V ~»t
- I .* .
7 5 b. 73% J a n .
G e n . K 'y A l a n d g r . , 5 g . l 9 3 1 A A O
77% F eb .
O we0t iu n f K , J« —Oon**»<*»l§ 0* * ;,9 . \
M o b ile A O h io — N e w 6 g . . . 1 9 2 7 J A D 1 1 8 b . 117 J a n . 1 1 9
F eb.
i f.
. . . . . . ” i w : M A N ,'U 5 % b .
6 7 a. 06% Mar.
O o n o r a l m o r t g a g e , 4»
1938 M A S
69
Feb.
p ’e J a n . jllB Feb.
N a s h . CU. A S t . L . —1 s t , 7 8 . . 1 9 1 3 J A J 1 3 0 % a , 127% Ja n . 1 3 0
M a r.
J all. ! 101% Feb
2 S aw 3 m ^ ^ 5 « ] $ t* I
g
b .ijo l
A A 0 102 b . 100 J a n . 1 0 2
C o n s o l., 5 g ..............................1 9 2 8
F eb.
90 Fob.
••
m « t! g iv g e 5 * .U tlv j t *
N; 88
a, gg
F eb.
N . Y . C e n t r a l —B e b t e x t.4 H .lU 0 5 M A N 102 % b. 101% J a n . 1 0 3 % F e b ,
AH!. B o c k . t I m p ., 5 s . . . . 1 9 2 ) J *
■J J 1
b . i j s i s JHU. 110% Feb.
1 s t , c o u p o n , 7 a . . . . ............. 1 9 0 3 J & J 1 1 9
117% J a u . 1 1 9 % M u r .
C e n t r a l F a c U tt* .- U a S d ,6 * ,1 8 » * ,J A J l 1 0 2 % U 0 0 J a n , 102% Mur.
D e b e n . , o * , e o u p . , 1 8 8 4 . . 1 9 0 4 M A S 100 b. 106 M ar. 1 0 8 % F e b .
E x len 5 k
.......... . ..tw *S ’J *
J Jgg% b. 90% Jim . 101 Fob.
N . Y . A H a r l e m , 7 » , r e g ,- 1 9 t ) 0 M A N 1 1 3
111% Feb. 1 1 3 M a r .
120% Ja n .
C,::*'- A i_n»: *.* .*-i r. A , 6 g . . 1 9 0 8 : A A: U
1 - 0 b! 10 J a n ,
K. W . A O g d „ o o n s o ls , 5 8 .1 9 2 2 A A O 121 a . 117% J a n . 1 2 1
Feb.
% rati!
M o r t g a g e , 8 g ------ ---------- | ® l i | \ r ? S i i T o i
W 0B t 8 h o f e , g u a r . , 4 s ----- 2 3 6 1 J A J 1 0 7 %
103 J an. 1 0 8 F e b .
l « t o o : i * o ! . , 5 s . . . . . ............*1§39 «
1
0
7
%
J a n . 110% Feb.
103% Ja il. 1 0 6 J a n .
76% Feb. X . Y . O h io . A 8 t . L . - 4 g . . , 1 9 3 7 A A O 1 0 5 %
I M S M * » ., . W e
73% J a u .
G e n e r a l A N * ,.- .........
H .A A .D 1 V ., I s t o O n ,,4 * .1 9 b 9 J A « M 0 1 % b. 97 J a n . 101% Mar. N . Y . B a o i . & W . - l s t , 6 s . .1 9 2 1 J A J 1 3 0 b .
C o n s t r u c t i o n , 5 a..................1 9 2 3 F A A 1 1 6 % b . 1 1 8
Jan .
J a n . 118
90
I gij J an.
90 Feb.
•*
2.1 e o n . 4 K ..1 9 8 9 J A J
Ja n . 117% M i r . X .Y . N . H . A H .— C o n . d e b . o tf s . A A O 1 3 9 % b . 13*2% F e b . 1 4 0 M a r .
O f c t a r B o H .* u . C o n . 7 * .1 9 « 3 j A j 117 b. n s
b, i
1)3%
X . Y . O u t & W .—B e t 4 s , g .1 9 9 2 M A S
96
F eb.
88 % J a n .
Fob. 98 % Feb
D e b e n t u r e , 5 * ____ . . . . . . 1 9 1 3 1 1 1 A 5
:>:>%!>. ;i!H M ar.
% Jim .
C o n s o l., 1 s t , 5 s , g ............7 1 9 3 9 J A B * 1 0 8 % b . 1 0 8 % F e b . 1 0 9
F eb.
Q k ts v e r tib le 5 s ............ ... 1 9 6 3 M A- s
N .Y .S a s .A W . l 8 t r e f . , 5 s , g .1 9 3 7 J A J 102%
91%b,
Feb. j 96% Ja n .
100 J a n . 1 0 3 % J a n .
B e a r e r D iv is io n 4 * .......... 1 9 2 2 |i * A;
73 a. 70% F eb .
Gen. 5 g ............................ 1940,F & A
90% : 87% J a n . 90% Feb.
74% J a n .
NebnvcX'a E xtendion. ls.1 9 2 7 -11 A
..
; .
M idland of N. J „ 6 s, g . . . 1910 A A O 1 1 9 b. 1 1 9 F e b . 1 1 9 % J a n .
S * c , A S t. J 0 «.—O o b a 6 s . 1 9 1 1 IM A bj 1 1 7 j). 1 1 9
~ J a n . 121 Feb.
Nor. A W . By.—1 st, cons..4g. 90 A A O 70
70
M ar.
70
M a r.
O W e. & E , I lL —la t,* - f. 6 a . l 9 0 7 [ J A 1> 1,111 b.
A J 115%
N o . P a c if ic — 1st,, c o u p . e g . 1921
F eb.
113
J a n . 116
124% .Tan.
O k is o I « « . . ......................... 1 9 3 4 ; A A 0 ;'lS 4 < s b .{ i2 4 % .T a n .
83
G e ii e r a l c o n s o l ., l e t 5 8 .- 1 9 3 7 11 A S 1 0 1 }.j
9 8 % F e b . 101% Mar.
P r i o r l i e n , r y . & L g . 4 , g .1 9 9 ? Q—J
93% Ja n .
83 % M a r.
54%
G e n e r a l l i e n 3 g ................. 2 0 4 7 q - F
C W c a e o A K n e .— l e t , 5 g .,1 9 S 2 |M A S 1 1 1 % ; j i O % J n u . 112 Ja n .
50% Feb.
51% Ja a .
N o. P a o i l t o T e r . O o - G g . . . . 1 9 3 8 J A J 1 0 7 % b 1 0 4 % J a n . 1 0 3
C b le .< ia * l..A C .- l* t,5 g ..l9 3 7 J A J
9 5 b. 93 .1 ,k!i.
Fob.
F e 11.
96
O W c .M ii.A » t . } > .-O o n .7 * .T .* 0 5 J A J 1 3 4
128 J a n . 1 3 1 M u r. O h io A M ia s.—C o n .a ,f ., 7 a . 1 8 9 8 J A J 103*%b.
8 5 b, 8 3 % F e b .
O h io S o u t h e r n —1 s t , 6 g . , . 1 9 2 i J & D
1 s t. 8 u ! ( tu s 'r A t D lv.» 6 S -.1 '1 0 9 J A J l l o % b . 119 % J a n . 1 1 7
90
Jan.
,J a n .
1 a a . t l O % M a r. 1 1 5 J a n .
G e n e r a l m o r tg a g e , 4 g .,1 9 2 1 M & N
b,;
% ja n . 118 J a n .
l i t . So. M inn. Div., tfs.,1910 J A J
88 a, i 85% J a n .
%
j a b . 1 1 4 M a r . O r e g o n ltH jir . C o ,— 1 s t 6g . . 1 9 1 0 J A B
90% J a m
t»!,CU. A*Piic. W. IMv. 5». . 19 21 J a J
20 a. 1 5 F o b . 1 1 9 % M a r .
C o n s o l., 6 g ............................1 9 3 9 A A O
ioe>s Ja n . 1 1 0 J a n .
e m t. A Mo. Blv.BST.,5s- .1926 J A J n o
Wise. A M inn., XMf ,S g ...l9 2 1 J A J 111% 1110% J a u . 112 F e b . O r e .B .A N » y . O o .—1 s t, 6 g . l 9 0 f l * A J 1 1 3
110 J a a . 1 1 3 % M a r .
A B
83
K l;. & N a v . c o n s o l., 4 g .1 9 4 6
84
Feb,
T e n u ln a e ftg...................191*1 J A » l l l % b . 110% Jail. 1 1 3 F e ll.
80
J an.
& J 111 b . 1 0 9 % J a n . 1 1 1 J a n ,
F e a n . C o ,- - 4 % g ,o o u p .........1021
G e n . M i g . , m-t ic s A — 1989: J A J, 100% I 98 J-a n . 1 0 0 % M ar.
& J 102
P et). B o o . A E v a n s v ,— 8 g .1 9 2 0
M u . a- .N or.—1 s t,e o n .,6 s . 1 9 1 3 J A B j 1 1 8 % b - t l l 8
J a u . 118% Feb.
100 J a n . 1 0 4 F e b .
E v a n s . D iv is io n , 6 g .........1 9 2 0 M A S 101
F eb.
100
F w . 106
J a il .
C b ic . A X . F ins., 1 s t, S
. . 1 9 4 0 A A 0 ,1 4 2 % 11 JO J a n . i 4 4
2d m ortage, 5 g ................ 1926 M A N
UMt*. A S . W .—C o iu s o l, 7 8 -1 0 1 5 .*4-1' 1 4 1 %
27% J a n ,
27
Jau.
J an , 141% J a n .
140
Pliila. & B e a d —G eu .,4 g ..l9 5 3 J A J i 8 1 % 1 8 0 J a u . 1 8 2 F e b
O o a n t o , g o M , 7 « ............... 1902*.) A U 118
1 1 6 J ill!. 1 1 8 % F o b .
*1 4 4% !) 1 4 3 % F e b . 1 4 8 J a n
1 s t lif. to o ., 5 g , a l l l u s t , jjflL’5 8
B ln k in g l u n d , C a...............192w iA A Or l l T '- j b . 1 1 4 J a n . 1 1 7 F e b .
2 d p t.l n o ., 6 g ., a l l I n s t . p d . ’5S
I 32%
B ta k liiK f u n d , & # ,,» ......1 9 2 9 1 A A 01 X 10% b. 109
F o b . 1 1 1 M a t.
31% F eb . <36% J a n ,
3 d p f . 111c ., 5 g ., a ll i n s t . P'1,’5 8
t 30%
s lu k itiK ( a n d ,d e b e u ..S « .1 9 J 3 |M A 5 l l l % b , 1 1 0 % J a n . 1 1 2 J a n .
30% M a r. 1 34% J a n .
J b - y e a r d e b e n t u r e , 5*!...1 9 0 :* : M A X; X 07% b, 1 0 8 J a n . 1 0 7 % M a r .
P i t t s . S h . A B . E . , 1 s t, 5 g .1 9 4 0 A A 0
99%
Jan.
95
J a u . 100
P i t t s b u r g A W e s t e r n —I g . 1 9 1 7 J * J
71
74% Jam
K r t c n a l o n , As . . . . . . . . . . . 1 9 2 * 1 A A 1 0 1 U. 101 J a u . 10 I t s F e b .
71
F eb.
R i n G r . W e s t e r n —1 s t 4 g - 1 9 3 9 J A J
72% b. 72% F eb.
4% F eb .
M il. L . S ii. A W „ 1 * t, O g. 1 9 2 1 -M A X. 1 3 2 b- 1 3 1 % J a n . 1 3 2 % F o b .
S t. J o . & G r . I s l a n d — 6 K ..1 9 2 5 M A N
5 0 % a. 4 7 % J a n . 1 5 0 % M a r .
K x te n . A i m p . , 5 * -------1 9 2 9 F A A 1 1 6 a i n 2 % , T a n . 1 1 5 J a n .
S t. L . A S a n F r . — O g. C l. B . 1 9 0 6 M A N 1 1 4 b . 1 1 2 J a n . 1 1 5 % F e b .
A J 1 3 0 b .) i2 8 % J a n . 1 3 0
O b l e . K J . A P a e . —6 a ,e » iip . 19 1 7
Feb.
G e n e r a l m o r t g a g e , 6 g . . 1 9 3 1 J A J 112
A J 103% jio i% J ;m . 104 F eb.
K x t e n s i o n fto 4 e e l . , 5 e . . -1 9 3 s
108% J a n . 112% F e b .
97%
G e n e r a l , 5 g ..........................1 9 3 1 J A J
s o - j- e a r d e b e n t o r e , 5 » . . . 1 9 2 1 M A 8
9 6 M a. 6 3
Jan.
98
Jam
94% J a n .
98% F e b .
R a i l r o a d , 4 g ........................ 1 9 9 6 J & J
65%1>. 6 2 % J a n .
C b te . S t. P . M , A 0 . —f i e . . . 1 9 3 u J A B
6 6 7s F e b ,
1 3 0 b . 126 J a n . 1 3 0
M a r.
C M c .A W .ln d ,—a e B .,K „ 6 s .l « 3 2 Q - M
S t. L . A So. W ,—1 s t , 4 s , g . 1 9 8 9 M A N
68
70
Jan,
116 b. 116 % J a u . 117% J a u .
68 F e b .
2 d , 4 s , g .. I n c o m e . .............1 9 8 9 J A .)
28
Jam
( „
: -,f . A IVii.'i-L—5 S . ..1 9 3 3 A A O 102
102 J a u . 1 0 2 J a n .
2 1 M a t.
S t.P . M .A M .—D a k , E x . ,6 g . 1 9 1 0 M A N 120 %
0 . 1 . C . A l . - f o n « o l . 7 K . . . 1 9 1 4 J A D 1 3 0 b. 1 3 1 % J a n . 1 3 2 J a n .
120% M a r.
110% J a n .
l a t e o n s o l .,8 g .....................1 9 3 3 J A J 1 2 4 % b. 1 2 3
G e n e r a l , c o n s o l., 6 k .— 1 9 3 4 .1 A J 1 2 3 % b . 1 2 3 % J a n . 1 2 4
Jan.
J a n . 124% F eb.
a O .C A b U - - P .A E a s t- .4 r .1 9 4 0 A A O
“
r e a u o e d t o 4 % g . . J„ A J 1 0 1 b. 1 0 2 % J a u . 1 0 4
7 3 1). 7 3
Feb.
Jau .
75
Jan.
M o n ta n a e x te n s io n , 4 g ,1 9 3 7 J & D ’ 9 1 % b . 8 7 % J a n .
O 0 L M id la n d —C o u r ., 4 g . . i 9 4 0 F A A f 1 5 % u . 115 J a u . 11 7
9 1 % M a r.
Jan.
58%
B a n . A n t. A A . P . —l a t , 4 g , , g l l . ’4 3 J A J
C o l. A 6 t h A vo. g ii. 6 s , g ., 1 9 9 3 M A S 1 1 5 M b . 1 1 5 % M a r . 1X8
59
F eb.
54% Ja n .
Feb.
O o L H .V a i.A T o U —C « U ..5 g .lH 3 1 M A 8
72
S o. C a r . A U a . —l s t , 5 g . . . l 9 1 9 M A N
91
F e b ..
63
F eb.
88 % J a n .
87% Fob.
u t niTHi. Uk..................... 1904 J A B
80. P tveifto, A r ia .— 6 g . . . 1 0 0 9 - 1 0 J A J
92 b. 9 0
5 5 b. 4 9 % F e b .
94% Ja n .
F eb.
87
J an.
D eny. A K io u r.—I« t,7 » ,g .l9 0 0 m a x l l l t j b . I l l J a n . 1 1 2 F e b . S o . P a o ltto , O aL - 6 « . . . 1 9 0 5 - 1 2 A A O
Jam
108
Jan . 108
I s t o o n s o L . g o l d , 5 g ........ 1 9 3 7 A A O
1st eonaoL ,4 g,„. . . . . . . . . 1 9 3 6 J A J
8 8 b. 88 J a n .
87
Feb.
85
Feb.
89
Jan.
85%
80. P a e i d o , N . M ,— 6 g .........1 9 1 1 J A J 101 b. 1 0 2 J a n . 1 0 5 F e b ;■
1
t a O 101
99% F eb. 101% J a n .
S o u t h e r n —l e t e o n s , g , 5 8 .1 9 9 4 J A J
B u i. S o , B h, A A t l —5 k — .1 9 3 7 J A J 102
89%
91
Jam
09% J a n . 102 F eb .
88 % F e b .
E d i s o n K l. XU.— let,O O U .g.5«.’9.'i:J A J 108 b . 1 0 4 % J a u . 1 0 9 % F e b .
E . T e n n .r e o r g . lie n 4 - 5 s .1 9 3 8 M A S
8 5 b. 8 9
89% J a m
Jan .
E . T . V . A G .—1 a t , 7 g . . . . l 0 O O J A J 1 0 8 % b. 1 0 7 % J a u . 1 0 8 % M a r ,
“T rie—4 , k , p r i o r b o n d * ___ 1 9 9 6 J A J
9414b . 9 3 % J a n .
95% Feb.
G en eral, 3*4, g ................1 98 6 3 A J
C o n . 5 g ........ ...................... 1 9 5 6 M A N 1 0 3 %
6 5 b. 0 2 % J a n .
107
Ja n . 108% J a n .
6 6 % F e ll.
N . Y . I - E . A W ^ l * i , o o n . , 7 g . ’2V |M A 8 1 3 9 b. 1 3 9 % J a u . 1 4 3 % F e b
G e o r g ia P a o . 1 s t 5 - 6 s , g . ,1 9 2 2 J A J 1 1 4 %
107% J a n . 1 1 4 % M ar,
L ‘g B o o k , o o n a o L , 6 g . 1 9 3 5 A A O 1 3 5 b. 1 3 3 % J a n . 1 3 4 J a n .
K n o x v . A O h io I s t 6 s , g . . l 9 2 5 J A J 1 1 4 a 1 1 2
Feb.
J a n . 115
F t . W . A B e n . C l t y . - 4 - 0 g .1 9 2 1 J A U
R to h . A B a n v . o o n . 6 s , g . . l 9 1 5 J A J 121 % a. 1 1 7 % J a n . 1 2 2
F eb.
53 Ja n .
59%
5 9 % M a r.
G a l H , AS*vu. A u *M. A P . B . l «t,5 g M A N
W e a t N o . O a r l s t o o n . 6 B , g l 9 1 4 J A .1 * U l % b . 1 1 1 % J a n . 1 13
0 0 b. 8 9 % J a n .
F eb.
91 % F eb.
G e n . E le c t r i o . d e b , 6 » , r , . . 1 9 2 2 J A B
S t a n d a r d R o p e A T .,1 s t.G g .1 9 4 6 F A A
9 5 b. 9 0 % J a n .
7 3 % b. 7 1 % F o b .
79% Ja m
96 J a n .
HO&B.A T . C e n t. g e n ,4 & ,g .H » 2 1 A A U
09
T e n n . 0 . 1. A R y —T e n . B . l a t , O r A & U
66 J a n .
87
8 7 % M a r.
82
Jan.
60
M ar.
B tln o l* O e h tr a L —4 a ,g . . . . 1 9 5 3 M A N 100 1), 9 9 % J a u . 1 0 1 % F e b .
B ir m in g h a m D lv ., 6 g . . . l 0 1 7 J A J
87% Ja n .
Jan.
8 7 b. 8 5
W e a t e r n U n e a , l « t , 4 8 , g .1 9 5 1 F A A 1 0 1 b, 1 0 0 % F o b . 1 0 3 J a n .
T e x a s A P a o lf lo —1 s t , 5 g ..2000 J A B
90
Feb.
85% Ja n .
89%
b iL A G r o a t X o r . - l « t , U s , g 1 9 1 9 M A S 1 1 8 b, 1 1 7 % J a u . 1 1 9 % J a u ,
2 d , I n c o m e , 5 g . .................. 2000 M a r e h
21 %
23
Jam
19% J a n .
T o l e d o * O lil o O e n t.— 5 g . . 1 9 3 5 J A J 1 0 5 a. 1 0 5 J a n . 1 0 8
S d ,4 % - 5 » ........................... 7 1 9 0 9 M A 8
7 3 Tib, 7 3
F eb.
Jan .
80
Fob.
I o w a C e n t r a l .—1 s t , S g ___1 9 3 8 J A B
T o l. S t. L . A K a n . 0 .— 6 g . . . 1 9 1 6 J A B 1 6 9 % b. 10 9
95
Feb.
95
Mat*. 9 7 % J a n .
M a r. t7 5
O n io n P a o ltto —6 g ..................1 8 9 s J A J 1 0 1 0 ) , 1 0 3 % J a n . 1 0 5
50
F eb.
K i n s * C o . K l e r . - l 8 t . 5 g .1 9 2 * J A J
44
Fob,
5 0 % M a r.
E x t . s i n k i n g f u n d , 8 ......... 1 8 9 9 M A S
U e l e d e u a a . —l e t , 5 a , g . . . 1 0 1 9 Q - F
94%
Fob,
93
93% Ja n .
95
85
Jan.
94% J a n .
L a k e E r i e A W e n t ,- 5 g , . . . 1 9 3 ? J A J 1 1 5 b. 1 1 3 % J a n . 1 1 5 % F e b .
C o l l a t e r a l t r u s t , 4 % ..........1 9 1 8 M A N
Jam
152 a. 149% J a n . t 50
L . S h o r e .—C o n .o p ., l a t , 7 « , 1 9 0 0 J A J m % b . 1 1 0 % J a u . 1 1 2 % M ar.
G o ld 6 #. 00L t r u s t n o t e s . 1 8 9 1 F A A 101%
102 J a m
99
F eb
O o a a o l. o o o p ., 4 4 , 7 e . ___ 1 9 0 3 J A B
K a n . P a o . ~ D e n , D l v . , 6 g . 1 8 9 9 M A N 1 1 6 b. 1 1 3 % J a n . 1 1 6 % F a b .
123
1 1 9 J a n . 1 23% M ar.
L e x . A r . A P a y . F. gu . 5 r,g .l9 9 3 M A S 115%
lB t o o n s o l . , 0 g ................. 1 9 1 9 M A N t 7 4 %
1 1 5 % M a r. 1 1 8
Jam
Feb.
167 J a n . 178
X iong l * l a t t ( L - l » t o o n . , 5 g . l 9 3 l Q —J
O r e g o n S h o r t L i n e —0 g . 1 9 2 2 F A A 1 1 9
U 7 % b . 113 J a n . 117% J a n .
M a r,
1111% J a n . 1 1 9
O e a e ra l m o rtg a g e , 4 g ... 1 9 3 8 J A B
O r .m B .A 0 t’h N .— O o n .,5 g l9 1 9 A A O t 7 6
88 %b. 7 0 % J a u .
t6 3 % J a n . t7 6 % F e b .
88 F e b .
Iro n lA A N a a h . - C o n « . 7 e . . l 8 0 8 A A O 100 b. 1 0 5 J a n . 1 0 5 % M a r .
U . P .D e n .A G u lf ,o o n .,6 g .1 9 3 9 J A U
37
Feb.
36
35
Jan.
a . O A M o b ile , l i t , 6 g . . . 1 0 3 0 J A J 120
TJ. S . L e a t h e r —S .F .d o b .O g . 1 9 1 3 M A N 114
1 1 6 J a n , 1 2 0 M a r.
111% J a n . 1 1 4 F e b .
“
**
3 d , 6g , . 1 9 3 0 J A J 1 0 3 %b. 9 8 % J a n . 1 0 3
V lr K ln la M ld .—G e n .M ., & S .1936 M A N 102
B 'eb.
100 J a n . 103
F eb.
G e n e r a l , S c .................
1 9 3 0 J A B 117% & . 1 1 5 % J a n . 1 1 7
W a b a s h — 1 s t, 5 g ....................1 9 3 9 M A N 1 0 7
106 J a n . 107% J a m
F eb.
U n ) f le d ,4 g ............................. 1 9 4 0 J A J
2 d m o r t g a g e , 5 g ................. 1 9 3 9 F A A
79%
73% Ja m
78% J a u .
68 %b, 6 3 % F e b ,
80% F eb .
L o o la .X . A . A C h . - U t , 6 » . 1 9 1 0 J A J 1 1 2 %b. I l l
D e b e n ., S e r i e s B ................1 9 3 9 J A J
25
Jam
J a n . 112% F ob.
2 1 %b. 2 2 % J a n .
O o n a o l.S g , t r . r e c e i p t s , 1 9 1 6 A A O I 8 5 1 18 2 J a n . 1 8 5 J a n .
W e s t N . Y . A F a . —1 s t , 6 g . l 9 3 7 J A J 1 0 7 %
104% J a n . 107% M ar.
M a n h a tta n c o n e d . 4 s . . ...1 9 9 0 A A O
G e n . 2 -3 -4 a , g o l d ................1 9 4 3 A A O
50
Feb.
93
Jan.
93%
46% Ja n .
50 :
95% F eb.
M e tr o . E l e r a t e u . - l e t , 6 g . l 9 0 8 J A J U 8 %b, 1 1 6 % J a n . 1 1 8 % M a r .
W e s t .O n .T e L - 4 3 o l.t r . 5 a . . 1 9 3 8 J A J 1 0 7 %b. 1 0 6 % J a n . 1 0 7
Jan.
2 d . d e .........................................1 8 9 9 M A N 1 0 8 % b 105 J a n . 1 0 6 % M ar.
W iso . c e n t . C o I s t a g . . . 1 9 3 7 J A
M ar.
Jan . 140
I 39 b 137

......., OatUra W L d e b ., B g .lfiiW t t —F
A s c tif . S p ir it M 1- 1 .1
1
“ ‘

i - 106 F eb, 109 Jan .
8 I S Feb.
| 1A J a n .
| 7 0 § J M l. 8 0 % TVb.
82% Feb.
! 70% Ja n .
#0%
Ill 's Feb.
43% J a n .
119 Feb.
US
74 ac 70 Feb. 1 75 Ja n .
71%
09 Feb. I 72% Ja n .
So n
78 J a n . ! 81 Feb.
io n !> 105% Ja u . 109% Feb.
' 0 7 b. 87% Fob. jlO l Ja n .
Feb.
1 0 3 V b .: i o s
Jan. I ll
105 a 105 Ja u . 103 Feb.
92 Mar.
» l% b * o 0 % J a » .
R'7*V>- UMi'vj J a u , 107% Feb.
10?

19

70%

101

11

120

9719

93
4
93

101

1104 115
113 112

H o t a . —-*0" I n d i c a t e s p r i c e bid; “ a " p r i o e asked; t h e r a n g e Is m a d e n p f r o m a o t u a l s a l e s o n ly .

* L a te s t p rto e th i s w e e k .

•SEW YORK STOCK EXCHANGE PRlC ES-tContinaodJ.-IA TA O rira
S E C U R IT IE S

Railroad Roads,
emnek HseA a n g e Prices.)
A la b a m a S t h t - 4
g u a r .. 1928
A W b. T o p e k a A S a n F ro m —
O k lc a g o A S L L o u .—1 s t . 6 *. 1 9 1 5
O o i. M M . 1 s t , e , S » ,» * « d .1 9 3 6
A t). * P a m —2 4 W .D .. g m S k .1 9 0 7
W e s t e r s D W la lo n I n c o m e . . 1 9 1 0
E x it- A O h i o - 1 s t, 0*. P a r k B .1 9 I 9

B id ,

A sk .

S E C U R IT IE S .

B a lt. A O h io —
6 a. g o l d .......................................... 1 9 2 5
C o n s , r n o r t,, g o ld , 5 s ...............1 0 8 8
W V a . A P i t t a . - 4 s t , g ., 6 8 .- 1 9 9 0
B . A O . 8 . W „ 1 s t, g ., 4 % s . . . l 9 9 0
M o n o n . R ly e r , 1 s t, g „ g . 5 8 .-19 19
60
89
O e n t’l O h io K e o r , - l B t , 4 % a . l 9 3 0
A k .A C h . J u n o .— lB t,g ,5 B ,g a .1 9 3 0
B r o o k ly n E l e v a t e d —2 d , 1 ) 8 ...1 9 1 5
V
1
1 1 1 I...........
S e a s id e A B .B .—1 s t , g , 5 s , g n . 1 9 4 2

B id .

A sk.
94

*98
45

B O N D S —

M

t T r u s t re c e ip ts .

A R C S

5.

S E C U R IT IE S .
B r u n s w i c k A W 'n —1 s t , g ., 4 8 .1 9 3 8
B u ff. R o o k . A F i t t s . —G e m 5 S ..1 9 3 7
B o o h . A P . , 1 s t , f ls .................. 1 9 2 1
R o c h . A P i t t s . — Ooub. 1st,,6 a .1 9 2 2
B u ff. A S m tQ u e k .—1 s t , 58, g . . l 9 1 3
B u r l. O e tL K a p . A N o . - 1 s t, 5 b . 1 9 0 6
O o n e o l. A o o ll a t. t r u s t , 5 b . . 1 9 3 4
M in n . A S t. L .— 1 s t , 7 e , g n . . l 9 2 7
C o d . B a p . I . F . A N „ 1 s t , 6 8 .1 9 2 0
1 s t, 5 8 ......................................... 1 9 2 1

B id,
95%
122 % 1 2 3
119%
119
106% 107%

X03

JH E CHRONICLE,

M a e c h 6, 1897.]

461

NET* YOKE STOCK EXCHANGE PBICES .—I N A C T I V E B O N U S - fV o m in u e d J — M A R C S 5.
S E C U R IT IE S ,
C e n t K 8 . A B ank. -C o
C e n t. B y . o f G a . - l s t , i , 5 s .

B id .

A sk .

*94
"96*9
112*9
102^
lOOifl
100%
103
102*’

C a l. & O . D i v ., e x t , .
***50-year 5 a .
C e n t. W a s h i n g t o n C n e a , & O .—P u r . V

* 1 0 2 % 103*2
90

—

10312

'W '

99%

O u se . O . A S o. W e s t ~
x o n is . A I

115
.........

111

8 t. L . J a c k s . A C M o ,-

io w a

n io . A I n d i a n a C o a l 1 s t, 7 s , $ & . 5 - D ...........
1 s t, I. A

1 s t , L a C. A D a y ., 5 a .
1 s t, H . A D . , 7 s ..........

0 . A It. 8 a p . E l y . , 5 s ...............1 9 2 1

0 h ie . A N o rw .—3 0 - y e a r d e b .S s
f is o a n a b a A L . 8 . 1 s t , 6 s ___ 1 9 0 1
D e s M , A M in n .—l e t , 7 s . . . . 1 9 0 7

..........
io s %
104%
_ T
„
107%
100
102

_

98
i c 'd
104*8
130
131*9
131*2
130
131*9
130
132
130
134
110
111
127
128*9
iOSS*8
117
108
109
107%
100
108*a l i 'o
118*9
lll* s i i W
100*4

.....

O h ie . A M ilw a u k e e —1 s t , 7 8 .1 8 9 8 * 1 0 4
W in . A S t. F , —2 d , 7 s ...............1 9 0 7 1 0 5
M il. & M a d .—1 s t , 6 s ............... 1 9 0 5 *105
O t t . 0 , P . A 8 t . F . —1 s t , 5 s . 1 9 0 9 107*9
n o r t h e r n D l.—1 s t , 5 s ............ 1 9 1 0 1 0 7 %
M IL L . B .A W .- C o n .d e b .,5 0 .1 9 0 7 1 0 4
M ic h . D iv ., 1 s t , 6 s .................1 9 2 4 1 2 8
A s h l a n d D iv is io n —1 s t, 6 s 1 9 2 5 1 2 5
O h .B JL A P — D .M .A F .D .l a t 4 s . l 9 0 5 *80
1 s t, 21*8......................................1 9 0 5
62*9
E x t e n s i o n , 4 s ......................... 1 9 0 5
K e o k u k & B e s M . - l s t , 5 s . . l 9 2 3 10230
O k ie. 81. P . i t M in n .—1 s t , 6 s . .,1 9 1 8 1 2 9
S t. P a u l i t 8 . C .—l e t , 6 s .........1 9 1 9 131*4
. O h io . A W . X nd.—1 s t, s . I ., 6 s . 1 9 1 9
G e n e r a l m o r t g a g e , 6 s ............ 1 9 3 2 1 1 6
" t i
-r
O k ie . & W e s t,M i o f i . - 5 s .
.1 9 2 1
I d , g o ld , 4 % s ............................... 1 9 3 7
D in. D . & l r ’n —iB t .g u . 5 a ,g ,1 9 4 1
C le y . A k . i t C o l.— E q . & 2 a 6 8 .1 9 3 0
C le v .A C a n ,—T r .c t f 3 .f o r l s t 5 8 .1 9 1 7
O .C .C . A B t. JU—U e n ., g . 4 s . . 1 9 9 3
C a ir o d iv i s i o n , 4 s ..................... 1 9 3 9
B tL o m D iv ,—I s t o o l . t s ’t 4 s , g . l 9 9 0
B p rtn g .A C o l.D iv .—l s t , g . 4 a . 1 9 4 0
W m te W .Y a l.D iy ,.—1 s t ,g . 4 s . 1 9 4 0
0 1 n .W a b .itM .D iv .—1 s t ,g ,4 a ,1 9 9 1
C in . 1. S t. L . i t 0 , —1 s t ,g .,4 s . 1 9 3 6
C o n s o l , 6 s ................
1920
O In .B a n .A C l.—C o n .l s t ,g .5 s , 1 9 2 8
I n d i a n a B. A W .—1 s t p l.7 a .1 9 0 0
O h io I n d . A W .—l s t p r e f . 5 s . .1 9 3 8
F e o r . & E a s t . —I n c o m e 4 s .. 1 9 9 0
0 . C o l. C in . at i n d . —1 s t , 7 8 ,8 .1 1 3 9 9
C o n s o l, s i n k . l a n d , 7 s .............1 9 1 4
C tn ,& 8 p r .- ls t,a G C .< M .7 s .l9 0 1
C le v e . L o r a i n & W h ,— 1 s t, 5 s . l 9 3 3
O le v e i t M a k . V .—G o ld , 6 s . . . 1 9 3 8
D e i. L a c k . A W .—M ore. 7 s . . . .1 9 0 7
S y r a . B in g . * N . Y . - l a t , 7 S .1 9 0 6
M o r r is A E s s e x —1 s t , 7 s ___ 1 9 1 4
B o n d s , 7 s ................................... 1 9 0 0
78 Of 1 8 7 1 ................................. 1 9 0 1
1 s t , c o m , g u a r . , 7 s ............... 1 9 1 5
W a r r e n —2 d , 7 a ......................... 1 9 0 0
D .A H .C a n ,—P a .D l v „ o o n p .7 s .l 9 1 7
A l b a n y & B usq —1 s t , g o .,7 8 .1 9 0 6
1 s t , c o n s ., g u a r . , 6 s ............ 1 9 0 6
B e e s . A 8 a r . 1 s t , c o u p ., 7 8 .1 9 2 1
D e n y . T r a m w a y —C o n s , 6 s , g , 1 9 1 0
M e tr o p o i, R y .—lB t.g u . g .6 3 .1 0 1 1
D e n y . A B . G .— I m p ,, g ., 5 s . . .1 9 2 8
D e t M . A M .—L . g . 3 % a ,s e r .A .1 9 1 1
D e t. A M a c k .—1 s t t e n , 4 s , g . . 1 9 9 5
4 s , g o ld .......................................... 1 9 9 5
E r i e —1 s t , e x t e n d e d , 7 s ........ . .1 8 9 7
2 d , e x t e n d e d , 5 s ........................ 1 9 1 9
3 d , e x t e n d e d , 4 % a .................... 1 9 2 3
4 t k , e x t e n d e d , 5 s ...................... 1 9 2 0
5 th , e x t e n d e d , 4 s ...................... 1 9 2 8
U t , 0t e „ g , , / d , 7 a .................1 9 2 0
B . N . Y . A IS.—l e t , 7 s ........ . . 1 9 1 6
B u ff. A 8 . W ,—M o rtg , 6 s . . . . 1 9 0 8
J e f t e r s o n - l s t , g u . g S s . . . . l 909
C o a l A B R ,—6 s .......................... 1 9 2 2
D o c k A I i n p f c . l s t 6s , e u r ’o y .l 9 1 3
E v a n s . A T . f i . - . s t , o o n s ,, 6s . l 92 l
1 s t , g e n e ra l g ., 5,
.......... j

'

__
106
_H
9
I
._

€6

132

.....

..........
109*4 i o 9 %
70

1

74

94*9

94%

88
88*9
*99% 101*8
• id s
110
107*4
18
*108
*........... 1 0 2
i-4 % 126
..... 130
143
1 0 9 *2 i i o %
*115%
141*2 143
*112
140
144
124
____ 1 1 9
146%
_ _
_

*80
*20
109
117
111
119
100
*135
135
101
106*9
*108
111

B id .

S E C U R IT IE S ,
E t .& T .H .— t t . Y e r n o n 1 s t 6 ? .1 9 2 3
l a i , C o . B r . 1 s t , g ., 5 s ............ 1 9 3 0
w a n s . A I n d i a n . —1 s t , c o n s . . 1 9 2 6
F lin t A P . M a ro u e tte —
M o r t., 6 s ......................................... 1 9 2 0
1 s t , c o n . g o ld , 5 s ....................... 1 9 3 9
P t . H u r o n D iv .—1 s t , 5 s ___ 1 9 3 9
F la . C e n & P e n . — 1 s t g . 5 s — 1 9 1 8
1 s t c o n . g ., o s ............................. 1 9 4 3
F t. W o r th & R . G . — 1 s t g ., 5 s . .1 9 2 8
D a l. H a r . A S a n A n t . —1 s t , 6 a . 1 9 1 0
2 d m o r t . , 7a ..............................- .1 9 0 5
G a . C a r. A S o r . —1 s t , g u . 5 s ,g .1 9 2 9
H o u s a t o n i o —C o n s , g o ld 5 a ___ 1 9 3 7
N , H a v e n A D e r b y , C o n s .5 a ..l9 1 8
H o us. A T e x a s C e n tr a l—
W a c o A N . 7 s .......................... 1 9 0 3
1 s t g ., 5 s ( in t . g t d j ................... 1 9 3 7
C o n s . g . 6 s ( i n t . g t d ) ................1 9 1 2
D e b e n t . 6 s , p r i m A i n t . g t d .1 8 9 7
D e b e n t . 4 s , p r i n . & i n t . g td .1 8 9 7
I l l i n o i s C e n t r a l— 1 s t , g ., 4 s . . .1 9 5 1
1 s t , g o l d , 3 % s ............................. 1 9 5 1
G o ld 4 s ............................................1 9 5 2
2 - 1 0 g ., 4 s ...................
1904
C a ir o B r id g e —4 s . . . . . . ........... 1 9 5 0
B p r iu g f , D iv .—C o u p . , 6 s ___ 1 8 9 8
M id d le D iv .—B e g . , o s ............ 1 9 2 1
O . S t. L . A N . O .—T e n . 1 .,7 s . 1 3 9 7
1 s t , c o n s o l., 7 s ...................... . 1 8 9 7
G o ld , 5 s , c o u p o n ................... 1 9 5 1
M e m p . D iv ., l s t g . 4 s ........ 1 9 5 1
B e lly . A S o. 111., g u ., g ., 4 % s .l8 9 7
C e d . F a l l s A M in n .—1 s t , 7 s . .1 9 0 7
l n d . D . A S p r ,—1 s t 7 s , 1 9 0 6 , t r u s t
r e c t s . , e x b o n d s ..................................
I n d . D e c . A W.—1 s t , g ., 5 s . . ..1 9 3 5
l n d . H is . A I o w a .—1 s t , g , 4 s . . 1 9 3 9
1 s t , e x t . , g . 5 e . ......................... 1 9 4 3
I n t . A G . S 'm —3 d , 4 s , g . ........ 1 9 2 1
K in g s C o .- F .E l .,l s t , 5 , g . , g u . A . 1 9 2 9
L a k e E r i e A W e s t.— 2 d g , , 5 b . 1 9 4 1
N o r t k ’n O k io —1 s t , g u . « . S s .1 9 4 5
L . S . A M . 8 o u . - B . A E . —N e w 7 u . ’98
D e t. M . A T — 1 s t, 7 s ...............1 9 0 6
L a k e S h o r e — D iv , b o n d s , 7 s . 1 8 9 9
X a l. A ll. A G . K .—1 s t g u . 5 s . l 9 3 8
M a h o n ’g C o a l R B . - l s t , 5 s . 1 9 3 4
L e h ig h Y .,N .Y .—1 s t g u .g .4 % s ,1 9 4 0
L e h ig h V .T e r m .—1 s t g u . 5 a ,g .l 9 4 1
L e h ig h V ’y C o a l—I 8 t 5 s , g u . g . l 9 3 3
L e h ig h A N .Y .—1 s t, g u . g . 4 S .1 9 4 5
E l m i r a O .A N .,l B t . « . l s t p f . 6 s . l 0 1 4
G u a r ., g o ld , 5 s ........................1 9 1 4
L ite h i. C a r. A W e s t.— 1 s t 6 s . g .1 9 1 6
L i t t l e B o c k A M .—1 s t , 5 s , g . , 1 9 3 7
L o n g Is la n d —
1 s t , 7 s ............................................. 1 8 9 8
F e r r y , 1 s t , g ., 4 % s ....................1 9 2 2
G o ld 4 s . . . . . ..................................1 9 3 2
N . Y . A K ’w a v B . - l a t , g . o s . 1 9 2 7
2 d m o r t g . , i n o ......................... 1 9 2 7
N .Y .B .& M .B ,—1 s t c o n . o s ,g . 1 9 3 5
B r o o k i’n & M o n ta u k —1 s t , 8 s . 1 9 1 1
1 s t, 5 s ......................................... 1 9 1 1
N o . S h o r e B r .—1 s t o o n .5 8 ,g .l9 3 2
J 5 o u is .E v a n s .A 8 t. L .—C o n .5 s . 1 9 3 9
L o u i s . A N a s h .—C e c il. B r . 7 s . . 1 9 0 7
E . H . A N a s h —1 s t 6 s , g - . . . 1 9 1 9
P e n a a c o i a D i v is io n , 6 s ...........1 9 2 0
S t. L o u ie D iv is io n , 1 s t , 6 s . . .1 9 2 1
2 d , 3 s ............................................1 9 8 0
N a a h v . A D e c a t u r —1 s t , 7 s . .1 9 0 0
n. f .,6 s .—8 . A N . A l a ................ 1 9 1 0
5 0 - y e a r 5 s , g . , ............................. 1 9 3 7
P e n s . A A t . - 1 s t, 6 s , g o l d . . . 1 9 2 1
C o li a t. t r u s t , 5 s , g ....................1 9 3 1
D A N . A M .A M .— 1 s t ,g .,4 % s l9 4 5
N a s h .F l o r .A S .—I s t, g u ., 5 s . 1 9 3 7
K e n t u c k y C e n t r a l —4 a , g , . . 1 9 8 7
L . A N .—L o u .O .& L .—g . 4*48 .1 9 3 1
u o u . A J e ff. B d g e C o .—G u . g . l s . l 9 4 5
L o u .N .A lb .& C h .—G e n .m .g .5 s .l 9 4 0
M e m p h i s A O h a r l .~ 6 a , g o l d . . 1 9 2 4
M e x ic a n C e n t. C o n e o l.— 4 s , g .1 9 1 1
l e t , e o n s , i n c o m e 3 s , g . -------1 9 3 9
M e x ic a n N a t i o n a l —l e t , g ., 6 8 .1 9 2 7
2 d , in c o m e , 6 s , “ A ” ................. 1 9 1 7
2 d , in c o m e , 6 s , “ B ” . . . ......... 1 9 1 7
M io liig a n C e n t r a l —6 s ....... ..........1 9 0 9
C o u p o n , 5 s ..................................... ’ 9 3 1
M o r t g a g e 4 s . . . . ......................... 1 9 4 0
B a t .C .A 8 t r g is .—l s t , 3 s , g . g u , 1 9 8 9
M in n .& S t. L .— 1 s t , g . 7 b ...........1 9 2 7
I o w a E x t e n s i o n , 1 s t , 7 s ........ 1 9 0 9
S o u t h w e s t E x t . —1 s t , 7 s ........ 1 9 1 0
P a c i f ic E x t — 1 s t, 6 s ................1 9 2 1
M o .K .A T e x .—1 s t , e x t . , 5 s , g .1 9 4 4
M o .K .A T .o i T e x , l s t , g u . 5 s . g . l 9 4 2
K a n s a s C ity A P . , 1 s t , 4 s , g . . 1 9 9 0
D a l. A W a c o —1 s t , 5 s , g u . . , .1 9 4 0
M is s o u r i P a c i f i c —T r u s t 5 s . . . 1 9 1 7
1 s t c o i l., 5 s , g ............................. 1 9 2 0
S t L . A l. M . - A r k . B r . , l s t , 7 8 .1 8 9 5
M o b ile A O h io —1 s t e x t , 6 s . . .1 9 2 7
S t. L . & C a i r o —i s , g u a r .........1 9 3 1
M o r g a n ’s L a . A I . —1 s t , 6 s . . . . 1 9 2 0
1 s t , 7 s ............................................... 1 9 1 8
N a s h . C h a t . A 8 t L . —2 d , 6 s . .1 9 0 1
N . O . A , N o . E . - P r . 1., <(., 6 S ..1 9 1 5
N . Y . C e n t r a l . —D e b . g . 4 s ----- 1 9 0 5
N . J . J u n o —G u a r . 1 s t, 4 s . . . 1 9 8 6
B e e o h C r e e k —1 s t , g o ld , 4 s . .1 9 3 6
O a w . A R o m e —2 d , 5 s , g . , g u . l 9 1 5
U t i c a & B l, B iv .—4 s , g ., g u .1 9 2 2
N , Y . A P u t —1 s t , g ., 4«. g u .1 9 9 3
i . Y . N . H . A H .—1 s t, r e v . * 8 .1 9 0 3
N . Y . A N o r t h e r n —1 s t, g. 5 s . . 1 9 2 7
N . Y . B u s q . A W e s t —2 d , 4 % s . l 9 3 7
T e r m i n a l , 1 s t, g . 5 e ................. 1 9 4 3
W U k.A E a s t —1 s t, g t d . , g .5 s , 1 9 4 2
N o r th e r n P a c .—
B t P a u l A N . P . —G e n ,, 6 a . .1 9 2 3
O tii.A M a n .—1 « i.g .6 s > ,tr.re o .l 9 3 6

...........
22
88
lio *
113
120*9
100*9
......

11 2 * 9

p r i c e F r i d a y ; fchea© a r e t h e l a t e s t q u o t a t i o n s m a d e t h i s w e e k . F o r

115*4 1 1 6
30
'?

6‘

104
107
*95^
*124 4
*107
125
110
102
100*'
; 94% 9 6 ^
1X 2
102
1 0 3 ^ 104
99

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

104
104
121
*100

io ' l

*88

90

30
43%
*101
103*4
107
*120
110%
*112
116

32
44
104
104
107^
ill
99%
1 0 6 1*

‘*92%

J.06
89
94
35
■105

42%
108

30
1084
11381
104
107

100

98
‘97

100

100

87
89
*43

SEC U R ITIE S.

A sk .

45

N o r t h e r n P a e l f io —
O ccu r d ’A le n e —1 s t , 6 s , g o l d . 1 9 1 6
C, d ’A le n e —G e n . l s t , g „ 6 S ..1 9 3 8
N o r f o lk A S o u t h ’n — 1 s t, 5 s , g . l 9 4 1
N o r f o lk A W e s t.—G e n e r a l , 6 s . 1 9 3 1
N e w R i v e r 1 s t 6 s . . . . . . ..........1 9 3 2
I m p . A E x t . , 6 s . . ................. . . . 1 9 3 4
A d j u s t m e n t M ., 7 s , t r . r e e _ .1 9 2 4
1 0 0 - y e a r 5 s , t r . r e e ....................1 9 9 0
C lin c h V a l. D iv .— l s t . g . o s . tr .r e o .
M d .A W a s h , D iv .— i s t g . S s . t r . r e c .
S c io t o Y a l. A N . E .—I s t , 4 s . . l 9 8 s
O h io A M is s .— C o n s o l. 7 s . . . . . 1 8 9 8
2 a o o n s o l . 7 s .....................
1911
S p r in g .D iv .— I s t 7 s . . . „ . .........1 9 0 5
1932
G e n e r a l 5 s ____ _________
O h io R i v e r R B . ~ 1 s t , 5 s .......... .1 9 3 6
G e n , g , , 5 s ......................................1 9 3 7
O m a h a & S t L o u is ,— 1 s t, 4 s . .1 9 3 7
O r e g o n A C a l if o r .—1 s t , 5 s , g . 1 9 2 7
F e B U - P .C .C .* S tL .C ii.g .4 % 8 A 1 9 < D
Do
do
S e r ie s B 1 9 4 2
Do
do
S e r ie s D , 4 s , 1 9 4 5
P . O . & 8 . L , - l a t , o . , y s ....................1 9 0 0
P i t t s . F t . W . A C .—1 s t , 7 s . . . 1 9 1 2
2 d , 7 s ..........................................1 9 1 2
3 d , 7 s . . . ......................................1 9 1 2
C i.S t .L .& P .—1 s t , e o n . o s . g . . . 1 9 3 2
O .e v . A P . —C o n s .,s . f d ., 7 8 .1 9 0 0
G e n . 4 4 is , g ., “ A ................1 9 4 2
S t. L . V . & T , H . - l s t , 6 s „ 7 8 .1 8 9 7
2 d , g u a r . , 7 s ..............................1 8 9 8
G d . R . A l . E x t — 1 s t,4 % s ,G .g , 1 9 4 1
A lle g .Y a i.— G e n ., g u .. 4 s , g. 1 9 1 2
N .& C n . B d g „ g e u . g u , 4 % s , g . l 9 4 5
P e o r i a A P e k , U n io n —1 s t , 6 s .1 9 2 1
2 a m o r t g ., 4*88..............
1921
P i t t s . C le v e . A T o t — 1 s t , 6 s . . . 1 9 2 2
P i t t a . A L . E r . —2 d g . 5a, “ A ” -.1 9 2 8
P i t t a . M o . K . A Y .—1 s t 6 s . . —.1 9 3 2
P i t t a . P a l n s v . A F . —1 s t , o s . . . 1 9 1 6
P i t t a . S h e n . A L . E .—
1 s t c o n s o l. 5 s ................................ 1 9 4 3
P i t t a . A W e s t —M . 5 s , g .1 8 9 1 - 1 9 4 1
P i t t s . Y ’g s t ’n A A .—1 s t , 5 s , c o n . l 9 2 7
B io G r a n d e S o .—1 s t , g ., 3 - 4 8 .1 9 4 0
S t. J o e . A G r I s . —2 d i n o ...........1 9 2 5
K a n . C. A O m a h a — 1 s t, 5S..1927
B t. L , A . A T . H . —T e r m . 5 s . . 1 9 1 4
B e i ie v . A C a r .— 1 s t , 6 s ........... 1 9 2 3
C h i . 8 t L . A P a d . —1 s t , g d .g .5 s 1 9 1 7
B t. L o u i s S o .—1 s t , g a . g . 4 s . 1 9 3 1
do
2 d In c o m e ,5 s .1 9 3 1
C a r , A S b a w t —1 s t g . 4 s ___ 1 9 3 2
B t. L . A S . F .—2 d 6 s , g ., o l. A . 1 9 0 6
2 d , 6 s , g ., claBS C ......................1 9 0 6
1 s t , t r u s t , g o ld 5 s ..................... 1 9 8 7
F t. S. A Y . B . B g. - 1 s t , 6 s . ..1 9 1 0
S t.L .K a n .A S .W .—1 s t , g .,6 s ,1 9 1 6
S t P a u l C it y B y , o o n . 5 s , g . . , 1 9 3 7
G o ld 5 s , g u a r ..............................1 0 3 7
S t P a u l A D u l u t h —1 s t , 5 s . . . . I f 31
2 d m o r t g a g e 5 s ............ .............. 1 9 1 7
Bt. P a u l M in n A ML— 1 s t , 7 s . . 1 9 0 9
2 d m o r t , 6 s ................................... 1 9 0 9
M in n e a p . U n io n —1 s t 6 s ___ 1 9 2 2
M o n t. C e n .—1 s t , g u a r . , 6 s _ .1 9 3 7
1 s t g u a r . g. 5 s ..........................1 9 3 7
E a s t M in n ., 1 s t d iv . 1 s t 5 s . 1 9 0 8
W ilcr a r A S i o u x F . —1 s t , g , 5 s . l 9 3 8
B a n F r a n . A N . P . —1 s t , g „ S s .1 9 1 9
S a v . P l . A W e s t —1 s t . c o n . g .6 a ,1 9 3 4
8 e a t.L .S .& E n s t.,ls t6 s ,a s r t.p d l9 3 L
S o u t h e r n —A la . C e n t , 1 s t 6 8 .1 9 1 8
A ti. A C h a r .—1 s t , p r e f . , 7 s . . 1 8 9 7
• I n o o m e , 6 s ................................1 9 0 0
C o lu m . A G r e e n .—l e t , 5 - 6 8 .1 9 1 6
E . T e n u ,Y . A G a .— D iv is .S s 1 9 3 0
R i c h . * D a n .—E q . s . f. g . 5 8 .1 9 0 9
D e b e n . 5 s , s t a m p e d ...........1 9 2 7
Y i P a M id .—S e r i a l s c r .A , 6 s . 1 9 0 6
S e r ie s B , 6 s ................................1 9 1 1
S e r ie s 0 , 6 a ................................1 9 1 6
S e r ie s D , 4 - 5 a ..........................1 9 2 1

B id .

A sk

103

122

112
t *64
60
*6T
83%
H IT 'S
■118*9

102

1 0 3 *3

102
*85
51
75
108% 109%
108% 109%

102
109*4
137
137
134
136

101
105

■112
*75
‘133
75

1 00^4
"soM

iiT "
114

114%
115

107

......

..........

......

102*9
106%
122

:::::

ITT-

104
..........
107%
104
35

45

112*4

100 %

79
T e r . A s 'n o f S t. L .— 1 s t , 4*48
* 1 0 9 % 111
1 s t , o o n . g . 5 s ....... ......... 1 8 9 4 - 1 9 4 4
104%
8 t.L .M 6 r .B r .T e r m .,g .5 s ,R U ..1 9 3 0
T e x a s A N e w O r le a n s —1 s t , 7 s . 1 9 0 5 111
...........

117
104

.........

139
127
124
121%
•so

----*69
60

p

_

60

104
• n r
114
125^
102*4 1 0 3 %
106
107
109
........... “ * • "

-mm.
.mn
r

120*g 1 2 1
88%
125%
’ 81 *8

93
105
122

1 s t , 6 s ............................................ . 1 8 9 7
1 s t 6 s ....................................... . . . 1 8 9 9
C o l l a t e r a l T r u s t , 6 s ................. 1 9 0 8
C o l l a t e r a l T r u s t , 5 s ___ _____ 1 9 0 7
K a n s a s P a c if ic — 1 s t 6 e , g - . . 1 8 9 5
1 s t , 6 s , g ......................................1 8 9 6
O. B r , U P . - F , o . , 7 s ............. 1 8 9 5
A to h . O oi. A P a c . — 1 s t , 6 s . . .1 9 0 5
A to h . J . C o . A W .—1 s t, 6 s . . . 1 9 0 5
U . P . L i u . A C o l.—1 s t , g „ 5 a . 1 9 1 8
U t a h A N o r ik .— i o t , 7 a .......... 1 9 0 8
G o ld , 5 s . . . . . ............................1 9 2 6
U t a h s o u t h e r n —G e n ., 7 8 .. 1 9 0 9
E x t e r n , 1 s t , 7 s ........................1 9 0 8
W a b ash —
D e b e n t u r e , S e r . A ................... 1 9 3 9
D e b e n t u r e , S e r ie s B .......... . . 1 9 3 9
D e t. A C h ic . E x t . 1 s t , 5 s , g .1 9 4 0
S t L .K .C .A N .—a t O .B d g e 6 s .1 9 0 8
W e s t N .Y . a P a .,g e n .g . 2 -3 -4 8 .1 9 4 3
I n c o m e 5 s .............- ................. . . 1 9 4 3
W e s t Y a. 0 . A P i t t a . —1 s t , 6 s . 1 9 1 1
W h e e l.A L .E .— 1 s t. 5 » , g o l d . . .1 9 2 6
W h e e lin g D iv ., 1 s t, 5 s , g . . . l 9 2 8
E x t e n s i o n A I m p , g . , 5 s — .1 9 3 0
W is. C e n t.. I n c o m e 5 s ______ 1 9 3 7

101%
102
100
75
. 109
113

75
69%

106%
89%

JlisceU aueoas as o jiu ix i—a e e

c5d p atg e p r e c e d i n g .

100

98

92
81
72
75

- -__TI
n

C o n s o l. 5 s , g ----- -------- . . . . . . .
T e x . A P a c , , E . D .—1 s t , g . 6 8 .1 9 0 5
T h ir d A v e n u e < N .Y ) .~ ls t 5 s, 1 9 3 7
T , A O . a —K a n . A M . , M o r t 4 s . l 9 9 0
T o l. P e o . A W e s t.— 1 s t, g ., 4 S .1 9 1 7
U l s t e r A D e l.—1 s t , o o n .,6 .,5 s . 1 9 2 8

101%

26
_

76
76

**“■*"

214
107%

_n
r

96
50

.f f i

m 14

90
<
r

__
10 9 % .
114
30
27
25
120
103

*22
118
*102

’
*

102
102%

91*9
9

1 HE CHRONICLE,

4«2

M oans,

gU iilroai Intelligence.
EARNINGS,

The following table shows the gross earnings of every
s t e a m ntih • a i f r o m which regular weekly or monthly returns
can fee obtained. The first two columns of figures give the
gross earnings for the latest week or mouth, and the last two
columns the earnings for the period from January 1 to and
including such latest week or month.
jv..
o f the s lr f t raittm ys are brought together sep­
arately on a sulmetpient page.
Late f t G rotf B urning*.
S o A t*

J a n . 1 to Latest Date.

'W e e k o rlte ’ 1 8 9 0 -9 7 . 1 1 8 9 0 -9 0 .

1 8 9 6 -9 7 7 I 1 8 9 5 -9 6 .

S
1 7 .7 3 0
3 1 ,4 4 7
3 7 .2 4 7

$
2 0 1 ,2 2 9
1 9 6 ,5 4 7
A d i r o n d a c k . . . . D e c e m b e r,
2 3 0 .0 2 4
1 9 9 ,9 8 4
A l* . O t S o u t b . 3 4 Nvk F ei).
6 4 0 ,3 5 0
5 5 7 ,7 0 7
A la . M i d l a n d .. D e c e m b e r
A la . X , O .T e x . A P a e . J u n e .
2 3 .0 0 0
1 5 3 ,0 0 0
1 4 0 ,0 0 0
2 5 .0 0 0
X O r l. A X . E . t*t. w k F e b .
1 0 .0 0 0
6 4 .0 0 0
10.000
6 4 .0 0 0
A la . * V ic k s ! 1 s t w k F e b .
6 1 .0 0 0
9 .0 0 0
9 ,0 0 0
5 7 .0 0 0
V ic k s . S ib A P . l e t w k F o b .
1 7 7 .3 0 7
1 7 7 .3 9 7
1 8 8 ,7 1 6
A lle g h e n y V a t .. J a n u a r y . . .
1 8 8 ,7 1 6
2 1 .8 2 3
1 8 3 ,5 6 5
2 5 ,5 5 7
1 7 4 ,1 8 4
A n n A r b o r .......... 4 t h w k P e b
1 4 ,1 2 1
1 2 .4 0 8
1 1 1 ,9 7 1
9 6 ,4 7 6
A r k . M i d l a n d ... D e c e m b e r .
A te h . T . & 8. F c. J a n u a r y . . 2 ,2 3 7 ,1 3 9 9 ,4 8 4 ,6 6 4 2 ,2 3 7 ,1 3 9 2 ,4 8 4 ,6 0 4
1 5 0 ,6 0 2
3 0 2 ,0 7 1 1 ,5 9 8 ,0 4 7 1 ,7 3 2 ,9 9 6
A t l a n t a A Clmr. D e c e m b e r
33 3 i6
4 .6 0 4
3 8 ,7 7 4
5 ,0 8 1
A l l . K n o x .& N o , 3 d v » F e b .
5 2 ,2 1 4
5 0 7 ,5 2 7
5 3 1 ,4 3 0
A tla n ta A w . p . D ec e m b e r,
5 9 ,0 3
5 ,0 7 2
7 5 ,2 0 1
8 .9 3 8
7 9 ,9 9 1
A lla n . A D a n v . . t t l i w k F e b
3 1 4 .4 9 7
3 1 7 ,8 5 9 3 ,5 3 0 ,3 6 1 3 ,5 8 9 ,1 1 6
A t l a n t i c A P hc . . D e c e m b e r .
7 ,7 1 9
A u g n s ta S o ttf n . D ec e m b e r.
8 0 ,7 3 7
7 ,7 9 5
6 0 ,3 2 6
2 7 .0 5 1
2 2 ,2 6 2
A u s t i n A It* w e s t D e c e m b e r
2 3 .7 0 0
2 6 ,1 0 0
B a l t.C b c s .A A t t. J a n u a r y . . .
2 3 ,7 0 0
2 6 ,1 0 0
B u l b A O h i o ___ J a n u a r y . . . 1 ,9 3 5 ,6 4 5 1 ,8 1 7 ,9 3 2 1 ,9 5 5 ,6 4 5 1 ,8 1 7 ,9 3 2
B a l . . t O . S o u 'w U Ji w k F e b
1 1 6 .3 0 3
1 4 5 ,4 4
9 4 2 ,5 5 8
9 7 4 ,1 5 4
1 5 ,4 2 3
6 0 ,8 0 0
B & n g o rA A ro o st D e c e m b e r
7 1 9 ,7 1 8
7 2 2 ,5 8 3
B a t h A H a m 'n d s D e c e m b e r .
3 ,1 0 1
3 8 ,0 7 6
3 ,3 7 3
3 8 ,6 5 3
1 ,4 6 5
2 .1 2 9
B !r. A A t l a n t i c . J a n u a r y . . .
1 ,4 6 5
2 ,1 2 9
B T u n s w ’k & W e s t D e c e m b e r .
6 0 1 ,1 2 5
4 9 ,2 6 2
4 8 ,0 0 8
5 3 2 ,0 0 9
5 5 ,7 8 0
8 o f f .B c e h .A PsH 4 th w k F e b
•473,024
5 4 ,5 6 5
4 7 4 ,1 7 6
3 7 ,0 6 3
B u f f a lo A- S tu m .. J a n u a r y . . .
3 7 ,0 6 3
3 5 ,9 1 8
3 5 ,9 1 8
B u r .C . R a n . A S '. 3 d w k F o b .
7 3 ,0 2 6
5 3 4 ,4 8 6
8 4 ,0 1 1
6 3 0 ,9 1 8
C a n s d .la tff* » e ifle 4 th w k F e b
3 0 6 ,0 0 c
366,001) 2 ,5 3 3 ,0 2 4 2 ,8 0 0 ,0 5 4
5 .1 1 9
O r . M id la n d
5 ,2 0 5
Ja n u a ry
5 ,1 1 9
5 ,2 0 5
O n t . o f G e o r g i a D e c e m b e r . 5 5 5 ,7 2 7
5 7 4 ,2 4 7 5 ,2 2 0 ,7 3 1 5 ,1 4 0 ,9 2 2
O c e a n 8 b . Co. D e c e m b e r .
1 6 3 ,6 5 7
1 7 1 ,6 1 0
T o ta l............ D e c e m b e r . 7 2 4 ,3 8 4 7 4 5 .8 5 7
C e n tra l of X . J . J a n u a r y ...
8 5 5 ,2 1 6 1 ,0 0 9 ,5 6 8
8 5 5 ,2 1 6 1 ,0 0 9 ,5 6 8
C e n t r a ! i 'a c l l t c . D e c e m b e r .
9 4 5 ,6 1 2
9 3 8 ,0 8 2 1 2 ,4 5 3 ,9 4 3 1 2 ,9 1 6 ,8 4 8
C h a r i . C l. A H ub N o v e m b e r.
3 ,5 8 5
4 ,0 4 3
4 9 ,7 8 0
4 3 ,8 0 0
( ! b « r l e s t 'n * 8 » r . D e c e m b e r
4 8 ,4 3 3
4 5 ,5 0 1
5 5 6 ,8 8 9
5 2 2 ,9 2 7
O liw . A O h i o .. . . t t b w k F o b
1 3 2 ,9 5 5
1 9 5 ,3 7 8 1 .6 4 9 ,0 1 0 1 ,7 2 1 ,6 3 4
O b io . B u r . A O . d J a n u a r y . . . 2 ,6 7 2 .6 2 8 2 .5 9 3 ,6 0 4 2 ,6 7 2 ,8 2 8 2 ,5 9 3 ,6 0 4
7 0 ,3 11
C h ic . A E a s t . 111. U b w k F e b
9 4 ,9 2 0
6 6 1 ,1 9 9
0 7 4 ,5 6 2
O h io . O b W w t ’n 4 th w k l > b
0 2 ,8 1 0
1 3 3 ,1 5 8
7 0 8 ,6 6 4
7 4 8 ,5 1 0
0 h i c . M i L A S t .p . 111) w k F e b
5 5 4 .5 0 7
7 1 7 ,4 1 5 4 ,1 3 0 ,1 8 7 ■1,633,302
Clilc. .V -Vtliw’ti. J a n u a r y , 2 ,0 9 0 ,1 3 0 2 ,4 4 7 .3 6 9 2 ,0 9 6 ,1 3 6 2 .4 4 7 ,3 6 9
Okie. A Xo. P a c . D e c e m b e r .
6 6 ,0 0 8
6 5 ,3 9 5
8 1 3 ,7 9 5
7 6 9 ,3 5 5
Chle. Fco.A st.L . J a n u a r y . ..
0 3 .8 8 1
7 5 ,0 5 1
6 3 ,8 6 1
7 5 ,0 5 1
O b lc .B ’k l . A - P . F e b r u a r y . 1 ,0 7 0 ,8 3 6 1 ,1 1 7 ,5 5 2 2 ,0 9 1 ,0 4 4 2 ,3 0 0 ,4 3 6
Chlc.SAI'.M.AO. J a n u a r y . . . 5 3 7 ,9 2 3 01 2 ,7 8 0
5 3 7 ,0 2 3
6 1 2 .7 8 6
Chic. AW. Mich. 3 d w k F e b .
2 8 ,9 7 9
2 5 ,0 0 0
1 7 7 ,7 9 9
1 8 5 ,2 0 3
Ob Of. Ok. A: Or, if Ja n u a ry
1 1 2 .0 0 3
1 2 0 ,4 8 4
1 1 2 ,9 0 3 ■ 1 2 9 ,4 8 4
Ja n u a ry
4 X » * 0 » , 4k P o f f A .___....__. . . .
4 .0 5 8
4 ,6 0 2
4 ,0 5 8
4 ,0 0 2
CUi. J a c k . A M ac. I 1 th W k F ell
1 3 ,3 1 0
1 8 ,4 5 3
1 0 4 ,0 8 7
1 1 0 ,8 1 0
C t a X .o. A r . P .;J a u n a ry ... 2 6 3 .3 0 0 2 7 0 ,5 0 2
2 6 3 ,3 0 0
2 7 6 ,5 0 2
O n . P o rts . A V J a n u a r y
1 7 .6 5 2
2 1 ,5 5 3
1 7 ,6 5 2
2 1 ,5 5 3
fSev.Csta. As<>.. " s •— F e b .
3 d w k•
1 1 ,7 0 3
9 ,8 1 3
7 5 .9 4 0
7 3 ,2 7 3
C t 0 1 n . C h .A 8 t X 3 4 w k F e b . 234,939 2 4 2 ,0 6 7 1 ,7 6 6 ,1 1 3 1 ,8 3 0 ,3 2 1
Pro. A E ast’a. J a n u a r y ,
1 2 5 ,4 0 7
1 5 1 ,7 9 9
1 2 5 ,4 0 7
1 5 4 ,7 9 9
CLLor. A Wheal.: 3 4 w k F e b .
20,084
2 1 ,7 0 0
1 4 4 ,3 9 9
1 5 0 ,2 1 9
O e l. M i d l a n d . . . . J a n u a r y
128,708 1 5 1 ,6 3 0
1 2 8 ,7 0 8
1 5 1 .6 3 0
D o t I f . V. A T o !.. 1.s ..........F e b .
. .t Wk
4 5 ,9 8 8
4 3 ,1 5 3
2 2 1 ,0 8 5
2 4 5 .7 8 7
O ol. A R ir l M o u n t; D e c e m b e r .
4.000
Ool. .sHTid'y a 1 1 .{ Jan u ary ...
61,444
60,219
6 1 ,4 4 4
- 0 0 ,2 1 9
O a lu s a A L a k e . . ’J a n u a r y . . .
1 ,2 5 0
900
1 ,2 5 0
900
C r y s ta l ____ . . . j J a n m u y . . .
463
1,176
403
1 ,1 7 8
C um bT d Valles | Decem ber.
8 0 ,1 8 1
82,500
8 3 6 ,1 8 2
8 0 3 ,7 0 1
D e n v . a R io O r , j 1 th w k F e b
107,100 136,500
9 1 2 ,5 0 5 1 ,0 7 1 ,8 6 6
Dos M.. A K an .1 j 1 Th wk J a n
3 ,7 4 0
2,386
1 1 ,5 9 3
7 ,7 4 8
M. N. a w
J a n u a r y , ..
29,018
35,213
2 9 ,0 4 8
3 5 ,2 1 3
D o t,D .im p .A W .! 3d. w k F e b .
21.852
17,000
1 1 3 ,0 0 9
1 2 6 ,9 3 7
D ry A Mackinac iJh n u n rv ,
2 7 .4 0 4
30,658
2 7 ,4 6 4
3 9 ,0 5 0
D u 1d th » , 9 . A A t l . 3 d w k F o b .
22,623
31,884
1 6 ,4 6 2
2 3 7 ,1 7 5
E iv tn Jo l.A E ast.' F e b r u a ry .
9 5 ,2 0 7
101,750
1 7 2 ,3 0 8
2 0 9 ,0 9 2
E rie
..........i J a n u a r y . , 2,222,620 2,344,077 2 ,2 2 2 ,6 2 0
2 ,3 4 1 ,0 7 7
M tttoku Bprtn «•* i M erein h e r . 1
5 ,5 9 1
4,901
0 1 .2 6 4
6 2 ,8 8 9
E r a p .A t t; ,1 ’pi l* ID: wk t v I,
5 ,3 6 0
7,039!
3 9 ,0 8 0
4 8 ,3 9 9
A K ick,. ill wk Feb,
1 ,8 5 5
8 ,2 3 0
1.343
1 0 ,2 2 5
* vim»*v , a T. W. 4th w k Fab
1 0 ,7 6 1
25,849
1 5 4 ,1 2 4
1 8 8 ,5 9 3
Pi ie h b ••r . . . . . . . Ja n u a ry .
527.768 598,018
5 2 7 ,7 0 8
5 9 8 ,0 1 8
P l l h r . A .i* .M u rry .3 d w k F eb,:
5 8 ,3 3 0
44.905;
805X 30
3 8 2 ,1 3 5
S7».Cc»t:,<4i p-uirlld w k Fob.
•13,068
36,440!
3 0 7 ,3 8 8
2 7 3 ,0 3 7
P t. W T bA lM n.rJ ttb W kFeb
1 0 ,2 3 4
15,527|
1 4 5 ,7 3 7
1 4 2 ,8 4 9
F t vi, A Bio O r hi autiary.
2 0 ,4 4 1
37,819
2 0 ,4 4 1
3 7 ,8 4 9
D ad s, A A lt . U . J a n u a r y ..
687
903
087:
963
G eorgia H it.. . . . 3d wk p et
3 5 ,0 9 3
34,203
2 5 2 ,2 3 1
2 0 1 .6 3 0
l l o o r*:i s A A
4 th w k F e b
2 8 .9 4 .3
13,132
1 8 1 ,3 0 1
1 0 0 ,2 5 7
01 a O a r 'I a A N o J a n u a r y . . .
8 0 ,0 2 2 !
93,330
9 0 ,9 2 2
9 3 ,3 3 0
G * o S o , A 1 1.» J a n u a r y , . ,
711,952
86.146
7 0 .0 5 2 ,
8 6 ,1 4 6
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.
3 8 ,7 1«;
35,713
2 3 7 ,3 9 2 :
2 6 3 ,1 6 2
C ta .H . A F t h 3 4 w k F e b .
7 ,4 2 5
7,144
4 9 ,4 7 8
5 4 ,9 5 1
T r a y p,r*e o ry 3 d w k F e b .
968:
754
5 ,0 8 8 1
7 ,1 1 0
M a t. 0 . H. A 1 3d w k F ob.
____
2 ,4 8 4
1,9 Hi
1 4 ,4 8 6 :
1 7 ,2 6 9
T o t . 001 lin e s 341 w k F eb .
4 0 ,5 0 5 !
45,587
3 0 0 ,3 9 3 1
3 4 2 ,4 8 2
G ran d T ra n k
3d v k P c b
3 1 1 .3 0 1 • 272,390 2 ,2 1 0 ,5 0 2 :
2 ,1 8 8 ,2 5 4
C h ic . A M r. T r Ill) wk Feb!
0 7 ,9 4 2 :
4 0 7 ,3 3 3
75,710
5 1 5 ,3 3 0
tX d .O r .I I
M tto w k F o b '
1 7 ,8 5 0
16,780
1 4 5 ,8 9 1
1 3 1 ,6 4 0
C lr i.S s s - >ta* U b w k l ’e b j
1 ,0 7 0
2,039
1 5 ,4 8 2 ;
1 0 ,6 3 5
T » L S ,A M (i» k . (tb wk Feb*
1,021
1,403
1 5 ,8 1 0 !
0 ,7 0 8
Oreat North* r •
F t. P , M . .* M J a n u a ry ,. .J 788,422’ 862,415
7 8 8 ,4 2 2
8 5 2 ,4 1 5
E a s t o f M im . Ja n u a ry .
—
04^72
106,409
9 4 ,8 7 2
1 0 5 ,4 6 9
M o n tss-aaC e h 1.;J a n u a r y . . . i 1 4 8 ,1 2 1
1 5 4 ,5 9 7 : . 1 4 8 ,1 2 1
1 5 4 ,5 9 7
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8 .1 4 3 '
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3 5 1 ,9 3 6 ! 3 3 8 ,6 3 3 3 ,2 9 8 ,2 5 0 3 ,5 1 2 ,6 8 9
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•1,218
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3 ,1 4 1
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8 ,5 2 3
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8 7 ,9 8 8
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2 7 ,0 2 3
2 0 ,-1 4 0
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1 7 9 ,4 4 7
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3 1 ,2 5 7
3 1 ,2 5 7
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9 ,1 9 7
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4 1 ,0 7 4
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8 ,8 9 0
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7 .3 3 9
0 ,3 3 1
7 ,3 3 9
6 ,3 3 1
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0 3 ,8 9 0
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3 0 ,5 9 9
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1 0 ,6 4 8
1 5 ,4 0 7
1 9 4 ,8 9 4
2 0 7 ,3 3 1
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2 0 0 ,4 0 8
2 0 5 ,9 0 1
2 0 0 .4 0 8
2 0 5 ,9 6 1
L os A u g . T e rm . J a n u a r y ...
4 ,7 3 8
7 .7 3 6
4 ,7 3 8
7 ,7 3 6
2 5 ,6 0 9
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2 4 .5 3 2
1 7 5 .8 5 0
1 8 3 ,7 7 9
L o u .H e n . A S t.L . 3 d w k F e b .
8 ,5 3 1
7 ,5 9 4
5 9 ,3 5 8
5 8 ,5 8 9
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3 9 9 ,5 9 3
4 4 9 ,3 5 4 3 ,1 6 5 ,7 3 1 3 ,3 0 5 ,1 0 8
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5 8 ,4 0 1
7 3 ,7 8 5 2 ,2 0 9 ,4 0 9 2 ,2 7 2 ,6 4 2
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5 ,5 0 0
5 ,5 0 0
7 ,2 9 0
7 ,2 9 0
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• 1 0 ,1 2 3
1 4 ,1 9 4
1 0 ,1 2 3
1 1 ,1 9 4
M e m u h ls & O h a s . 3 d w k F e lt.
2 4 ,3 7 7
2 5 ,6 6 5
1 0 8 ,7 9 4
1 9 8 ,5 9 3
{ M e x ic a n C e n t , . 4 th w k F e b
2 5 8 ,7 2 5
2 1 4 ,2 6 7 2 ,0 7 6 ,6 4 9 V - 9 U .3 8 2
M e x ic a n I n t e r ') , N o v e m b e r.
2 5 5 .3 3 4
2 3 1 ,6 1 0 2 ,6 6 7 ,0 9 7 2 ,3 7 8 ,6 6 9
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1 0 8 ,4 7 3
1 0 8 ,1 7 5
8 2 5 ,6 4 6
7 0 1 ,8 4 8
5 2 ,2 0 4
M ex. N o r th e r n . D e c e m b e r.
7 1 4 ,2 1 2
5 7 ,1 1 8
0 8 1 ,8 9 6
7 6 .5 0 0
1M e x i c a n E 'w a y W k .F e b .1 3
0 5 .0 0 0
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1 4 .5 0 0
1 1 ,0 9 8
8 2 ,1 3 1
6 2 ,a 3 0
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7 ,4 8 9
8 .3 8 1
M in n e a p .* S t.L . i t h w k F e b
3 1 ,0 6 0
2 6 3 ,4 3 8
4 5 ,5 0 8
2 9 4 ,2 5 4
M.
S t.P .& S .S fc M . 3 d w k 5 5 ,9, 1 3
Feb
5 7 ,2 7 9
3 6 2 ,3 1 3
4 1 5 ,0 7 1
M o. K a n . A T e x . 4 th w k F e b
2 0 4 ,3 6 0
2 6 4 ,8 4 9 1 ,8 3 7 ,2 0 4 1 ,9 3 2 ,7 8 5
M o .P a c .& I r o n M i t h w k F e b
6 0 8 ,0 0 0
6 0 1 .0 0 0 3 .5 3 8 .0 0 0 3 .5 3 7 .0 0 0
C e n t r a l B r 'o h . i t l i w k F e b
3 1 ,0 0 .1 7 6 ,0 0 0
2 3 .0 0 0
1 1 8 ,0 0 0
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6 3 9 ,0 0 0
6 2 4 .0 0 0 3 .7 1 1 .0 0 0 3 .6 5 5 .0 0 0
M o b ile * B ir in .. 3 d w k F e b .
4 3 ,9 0 6
5 ,5 8 8
7 ,0 2 6
4 3 ,9 5 0
M o b ile * O h i o . . F e b r u a r y .
3 2 5 ,6 0 2
2 8 9 ,5 1 0
6 4 0 ,3 7 3
5 8 9 ,4 3 1
M o n t.* M e x .G H I J a n u a r y __
1 0 3 ,2 7 7
1 0 3 ,2 7 7
1 0 4 .7 6 0
1 0 4 ,7 6 0
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4 1 3 ,0 5 1
4 1 3 ,0 5 1
4 6 3 ,5 9 9
4 6 3 ,5 9 9
N e l. A F t. S h 'p ’tl ,D e c e m b e r .
9 ,0 8 9
4 ,3 0 2
N e v a d a C e n t r a l. D e c e m b e r .
4 ,4 9 9
2 .7 3 7
3 7 ,2 3 8
3 0 ,1 5 6
N . Y . C . & H . R . . J a n u a r y . . . 3 ,1 3 9 ,9 4 2 3 ,4 7 7 ,9 0 0 3 ,1 3 9 ,9 1 3 3 ,4 7 7 ,9 6 6
N . Y . O n t . * W .. t t h w k F e b
7 0 ,2 5 2
5 0 4 ,5 1 0
7 3 ,5 2 7
5 0 5 ,1 0 5
N .Y .S n s q .* W .. J a n u a r y . ..
1 8 0 ,4 7 5
1 7 8 ,4 9 5
1 8 0 ,4 7 5
1 7 8 ,4 0 5
N o r f o lk * W e st. 4 th w k F e b
2 1 2 ,8 4 0 1 ,5 4 0 ,6 0 4 1 ,7 1 7 ,4 7 2
1 5 4 ,5 6 6
N o r t h e s ’n (G a.) D e c e m b e r .
6 ,3 5 2
6 ,6 8 0
6 0 .0 3 2
5 4 ,0 6 1
X o r t h ’A C e n t r a l J a n u a r y . . I
5 2 5 ,8 8 6
5 1 1 ,2 0 9
5 2 a ,8 8 0
5 1 1 ,2 0 9
N o r t h ’11 P a c .iflc 3 d w k F e b '
2 8 5 ,5 8 0
2 8 2 ,9 2 5 1 ,7 7 4 ,1 8 3 2 ,0 1 0 ,0 9 8
O c o n e e & W e s t. J a n u a r y . . .
2 .9 2 0
2 .9 5 0
2 ,9 2 0
2 ,9 5 6
O itio E l v e r ........... 3 d w k F e b .
1 5 ,5 5 2
1 1 5 ,8 1 4
1 6 ,8 1 7
120 205
O lilo R iv .A OUas J a n u a r y . ..
1 5 ,2 5 9
1 5 .2 5 9
1 8 .5 8 3
1 8 .5 8 3
O h io S o u t h e r n . . 1 s t w k F e b ,
1 3 ,4 9 9
1 6 ,4 0 4
5 9 ,3 2 8
8 0 ,0 1 7
O h io V a ll e y ......... N o v e m b e r .
2 2 ,a 8 3
3 0 9 ,0 5 5
3 1 .5 8 4
3 3 4 ,2 4 4
O r e g o n I m p . C o. D e c e m b e r ,
2 5 6 .9 4 0
2 4 0 ,3 2 8 3 ,2 3 8 ,2 3 9 3 ,2 2 1 ,0 3 3
O r e g .R K .& N a v . F e b r u a r y
2 5 8 ,7 6 8
2 9 5 ,2 9 4
5 5 8 ,5 1 4
0 0 8 ,2 3 2
P a c i f ic M a il........ J a n u a r y . . .
3 5 6 ,7 0 7
3 5 6 ,7 0 7
3 0 3 ,4 7 3
3 0 3 .4 7 3
P e n n s y l v a n i a . } . J a n u a r y . . . 4 ,7 5 5 ,6 7 1 4 ,9 9 3 ,7 7 1 4 ,7 5 5 ,6 7 1 4 ,9 9 3 ,7 7 1
P e o r i a D o e. A E v . 4 th w k F e b
2 1 ,5 0 9
2 2 .9 9 8
1 4 2 ,4 7 3
1 4 5 ,7 5 9
P e t e r s b u r g .......... J a n u a r y . . .
3 9 ,7 7 8
4 6 .8 5 7
3 9 ,7 7 8
4 0 .8 5 7
P liila . A B r i e . . . . N o v e m b e r .
4 5 0 .9 7 2 4 .1 6 1 ,1 7 7 4 ,0 3 7 ,1 3 9
4 7 6 ,5 9 6
PliUft. A l t e a d . . . J a n u a r y . . . 1 ,5 3 8 ,4 2 7 1 7 8 6 .1 1 7 1 ,5 3 8 ,4 2 7 1 ,7 8 7 ,1 1 6
C o a l & & . C o .. J a n u a r y . . . 1 ,6 9 4 0 6 6 1 ,8 5 3 ,4 5 1 1 ,6 9 4 ,0 6 6 1 ,8 5 3 ,4 5 1
T o t. b o t h C q ’b, J a n u a r y . . . 3 ,2 8 2 .4 9 3 3 ,0 4 0 ,5 0 7 3 , 2 3 2 ,4 9 3 3 ,6 4 0 ,5 0 7
P A R e a d . A N .E . J a n u a r y . . .
5 0 .9 9 9
4 2 .4 2 8
4 2 ,4 2 8
5 0 ,9 9 0
P lt-ts. e .C .A 8 t.L . J a n u a r y . . . 1 ,0 3 9 ,1 5 1 1 ,2 3 6 ,7 7 0 1 ,0 3 9 ,1 5 1 1 ,2 3 0 ,7 7 0
P itt s .L ia b .& W ’n j a n u a r y . ..
3 .8 2 1
3 ,8 2 1
3 .4 2 6
3 .4 2 5
P i t t s . 8 A & L . E . 3 d w k .f a n .
1 2 ,8 9 2
7 ,6 0 8
2 2 ,0 4 8
3 6 ,0 8 4
P i t t e b . A W e s’n , 1 th w k F e b
2 4 .1 4 0
2 4 .8 9 9
2 0 0 ,0 9 8
2 0 8 .3 0 0
P i t t s . C l.& T o l. 4 th w k F e b
1 3 ,4 3 6
1 4 ,0 1 2
1 0 0 ,9 9 5
1 1 0 ,2 6 0
P i t t s , P a . A F . 4 t-h w k F e b
3 .4 0 1
2 ,3 3 4
2 7 ,7 4 9
2 1 .C 0 8
T o t a l s y s t e m . . 4. t h . w k F o b
. _______
4 4 ,3 7 2
3 9 ,9 1 6
3 2 8 ,8 4 2
3 3 9 ,0 2 8
P itt. Y oung, A A. J a n u a r y ...
,
6 3 ,3 1 0
7 3 .8 0 5
0 3 ,3 1 6
7 3 ,8 0 5
Q u in c y O . a IC C . J a n u a r y . . .
2 3 ,3 8 7
21,220
21,220
2 3 .3 8 7
K to li.F r ’J ts b * p . D e o n m b e r.
6 2 ,6 3 4
3 6 .8 5 8
0 9 5 ,0 9 4
7 2 8 ,4 4 2
K ic k . A P e te r s ! ) . J a n t t a r y . . .
2 3 ,4 7 1
2 3 ,4 7 1
2 7 .9 8 0
2 7 .9 8 0
R i b G r. S o u t h ’ll . 4 t h w k F e b
5 ,4 1 7
5 0 ,0 5 2
1 1 ,5 0 8
7 1 .5 8 4
K io G r ’d e W e s t. 3 d w k F o b .
3 8 .9 0 0
3 7 ,7 0 0
2 7 8 ,4 9 5
2 5 9 ,8 6 0
S a g .T u s o o h t& H . S o p t e m b ’r .
1 1 ,3 5 3
1 1 ,1 3 7
8 2 ,1 4 9
8 5 ,3 4 1
S t.L , O h .A S t. P . .T a m ia r y .. .
2 3 ,6 5 3
■20,805
2 0 ,8 0 5
2 3 ,6 5 3
S t L . K e n ’e tA S o . J a u u a r y . ..
4 ,1 8 9
5 ,9 0 1
5 ,9 0 1
4 ,1 8 9
5 t,.L .A 3 a n F r a n . J a n u s irV 4 9 2 ,8 5 8
•1 1 5 ,0 4 0
4 1 5 ,6 4 0
4 9 2 ,8 5 6
8 L L . S o u th w e s t. 4 t h v rk F e b
1 0 3 ,0 0 0
1 1 7 ,8 0 0
7 0 3 .5 0 0
8 5 7 ,3 6 9
St* P a u l A D u l . . J a n u a r y . . .
9 0 ,0 3 5
9 6 .6 2 5
9 0 ,0 3 5
96 025
S a n A n t. A A . P . J a n u a r y . . .
1 5 1 ,9 2 2
1 4 3 ,7 8 1
1 5 1 ,9 2 2
1 4 3 ,7 8 1
S a n F r a n . & X .P . J a n u a r y .
4 5 ,0 1 0
4 6 .3 0 1
4 5 ,0 4 0
4 6 ,3 0 1
S a v . F la .& W e s t. D e c e m b e r .
2 9 3 ,9 8 8
2 9 1 ,5 6 3 3 ,4 1 7 ,4 7 7 3 ,3 7 2 8 3 2
S lie r .S lir e v .A S o . i t h w k J a n
1 1 ,7 2 4
9 ,2 4 9
2 7 ,2 6 1
2 9 ,5 3 0
S e a b ’r d A i r L i n e S o p t e m b ’r .
2 5 6 ,7 3 6
3 3 4 ,8 7 6
S il.S p r s . O . A G . D e c e m b e r .
1 4 ,1 7 3
1 0 ,5 9 8
1 8 8 ,2 6 4
172*881
S l l v o r t o n .............D e c e m b e r .
3 ,5 5 4
1 2 ,4 7 1
5 2 .2 6 0
7 7 ,1 4 0
S o .H a v e n A E a s t J a n u a r y . .. ’
1 ,3 3 3
1 ,0 2 4
1 ,3 3 3
1 ,0 2 4
B o .P a c if ic C o .—
4 1 2 ,9 3 4
G a l.H a r .A S .A D e c e m b e r.
4 3 9 ,6 5 7 5 ,0 5 6 ,1 2 2 4 ,7 9 8 ,1 2 4
L o tiis ’a . W e s t . D e c e m b e r .
1 0 8 ,8 8 6
9 8 ,3 4 5
9 3 9 .7 0 1 1 ,0 9 2 ,9 9 0
M o r g a n ’s L & T . D e c e m b e r .
6 4 3 ,2 8 6
6 4 0 ,1 7 4 5 ,3 3 9 ,6 3 9 5 ,9 6 7 ,9 4 6
1 9 ,5 2 0
3 9 ,5 3 8
N .Y . T . A M o x . D e a e m U o r.
2 9 8 ,9 9 7
2 3 5 ,1 9 2
1 5 8 ,5 8 2
T e x . A N . O r l.. D e o e m b o r
1 3 0 ,5 2 2 1 .3 0 5 ,9 6 6 1 ,0 3 2 ,9 1 0
A t L P r o p ’te s . f t D e c e m b e r . /1 7 0 4 4 8 2 / 1 7 5 7 9 9 9 7 1 7 0 1 7 7 2 3 1 1 7 9 4 9 8 2 4
P a c i f ic s y s t e m D e c e m b e r , 2 ,5 1 9 ,7 7 8 2 ,6 0 8 ,8 7 4 3 1 ,6 3 8 .6 9 6 3 2 ,5 0 7 ,1 9 8
T o t a l o f a ll.e D e c e m b e r . 1 ,3 1 4 ,2 6 0 4 ,3 0 6 ,8 7 3 4 8 ,6 5 0 ,4 1 9 5 0 ,4 5 7 ,0 3 2
8 8 8 ,4 4 8 9 ,8 5 7 ,8 4 8 1 0 ,4 7 0 ,4 3 4
S o . P a c . o f C a l. D e c o m b e r .
7 7 4 ,8 5 8
S o .P a c .o f A r iz . D e c e m b e r .
2 1 3 ,0 8 0 2 ,2 8 4 ,0 8 2 2 ,2 8 0 .5 7 0
2 2 3 ,8 8 4
8 8 ,7 3 2 1 ,1 5 0 ,6 1 7 1 ,0 8 3 0 2 1
1 1 4 ,7 5 4
S o .P a c .o tN .M . D e e o m b o r .
N o r th e r n R y .. D e o e m b e r.
1 8 2 ,0 0 0 2 ,2 0 2 ,8 3 9 2 ,0 2 2 ,7 9 8
1 7 1 ,8 3 2
3 9 0 ,2 9 4
S o u t h e r n R y ----- 3 d w k F o b .
3 0 5 ,0 1 3 2 ,7 3 0 ,0 3 1 2 ,7 2 4 ,8 2 8
2 7 ,1 9 3
4 3 ,2 0 8
S p o k .F ’ls A N o r . D e c e m b e r .
4 3 9 ,7 5 9
2 8 1 ,4 4 2
7 0 ,5 4 6 1 ,0 7 8 ,0 5 7 1 ,1 0 6 .1 3 2
7 7 ,0 1 7
S t a t e n I . R a p . T r . N o v o u ib o r .
1 ,4 8 1
1 ,4 0 0
S to n y O l.& C .M t. D e c e m b e r .
4 0 ,0 2 3
4 2 ,5 7 1
8 0 ,6 9 5
7 5 ,9 1 4
S u m m it, B r a n c h . J a n u a r y . . .
7 5 ,9 1 4
8 6 ,6 9 5
80,011
8 2 ,5 8 0
L y k . V a l.C o a l. J a n u a r y . . .
8 0 ,0 4 1
8 2 ,5 8 0
1 6 9 ,2 7 5
T o t ’l b o t h G o’s J a n u a r y . . .
1 6 5 ,9 5 5
1 5 5 ,9 5 5
1 6 9 ,2 7 5
5 ,4 5 9
4 ,5 0 0
T e x a s C e n tr a l.. 3d w k F eb .
3 3 ,5 3 2
3 7 ,8 0 0
102,202 1 0 5 ,1 9 5 1 ,1 3 6 ,9 0 8 1 ,1 3 3 ,2 3 5
T e x a s & P a c ific . I t h w k F e b
2 ,8 9 4
3 ,4 5 4
T e x .S . V .& N .W . J a n u a r y . . .
3 ,4 5 4
2 ,8 9 4 !
2 4 ,5 9 3
T o l.A O h lo C e n t . 4 th w k F o b
3 7 ,8 9 2
2 7 6 ,6 1 3
2 5 9 ,7 0 6

TH E

March 6, 1897.]
L a te st G ross E a r n in g s

R oads .
Tol. P. & W est..
ToL St.L .A K . C.
U lster A Delaw.
Onion Pacitio—
Un. Pac. R R ..
Or. S.L.& U .N .
8t.Jos.ifeGd.l3.
en t.B iau ch .o

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

W eekor Me 1896-97.

3d w k Feb.
4th wk Feb
Septeinb’r.
Decem ber.
D ecember
3d wk Feb.
4th wk Feb

1895-96.

C H R O N IC L E

J a n . 1 to L a te s t D a te .

1896-97.

1895-96.

9
s
$
$
17,804
21,761
131,391
148,736
346,645
43.621
299,417
43,869
313.002
319.153
...........
............
1,175,5M3 1.142,431 14,382,291 14,336,291
473,591 471.077 5,578,873 5,394,197
12,742
155,120
23,979
83,517
31,000
23,000
176,000
116,291
33,623:
276,703
27,703
335,087
83,937
781,008
621,473
73,558
1,977.027 1,861,795 22,939,670 22,273,548
272,591 261,162 3,101.716 3,091,486
224,570 233,002 1,697,917 1,903.076
278.234
41,896
287,798
35.081
123,955
123,955 134,592
134.592
97,462
84,710
97,462
84,710
357,893
349,945
31.067
31.188
63,578
593,127
60,976
556,058
41,500
369,400
53.900
328,578
25,496
144,32
184.270
17,430
84,512
580,518
82,448
570,687
9,089
8,200
8,200
9,089
6,130
5,731

t e t i u A W i D ecem ber.
Cen.Br.AL’dL. D ecem ber.
Gr*d total.*e D ecem ber.
U. P ac. D. A G ... D ecem ber
W abash ____ _ 4th w k Feb
W aco A N o rth w D ecem ber.
W .JerseyA Sea’e J a n u a r y ...
W .V.Cen.APitt* J a n u a ry ...
W est Va. A P itts November.
W estern of Ala.. D ecem ber
W est.N.Y. A P a 3d w k F eb .
Wheel. A L. Erie 4 th wk Feb
W isconsin C ent 4 th w k F e b
W rlghtsv. A Ten J a n u a r y ...
Y ork S o u th ern . N ovem ber.
- f ig u re s g iv en do n o t in clu d e O regon Ry. A N av., Un. P ac. D e n v e r*
H ull, D en v er L eadville & G unnison, M ontana U nion an d L eav en w o rth
T opeka & S outh w estern, a T hese hg u res in clu d e re su lts on eased lines.
t> In o lu d es earn in g s from fe rrie s, e tc ., n o t given se p a ra te ly . 1 M exi­
can onrrencv. c In clu d es o n ly h a lf of lines in w hich Union P acitio h a s
a half In te re s t
d Inoludes o p eratio n s of th e Ohio. B urlington * N o rth e rn in b o th
years.
.
t) Covers re su lts for Hues d ireotly o p e ra te d e a s t of P ittsb u rg .
r. Include* resu lts on affiliated lines.
1 Covers besides th e AtUotio System th a H ouston * T exas C e n tr a l
A u stin * N orthw estern, C en tral T exas ot N o rth w e ste rn a n d Ft. W orth
A New O rleans.
t Inolades St. Louis A lton & T erre H a u te fo r a ll periods.

Latest Gross Earnings by Weeks.— The latest weekly earn­
ings in the foregoing are separately summed up as fol­
lows :
For the fourth week of February our preliminary statement
covers 42 roads, and shows 18'59 per cent decrease in the ag­
gregate over the same week last year.
4 Ih w e e k o f F e b r u a r y .

B alt. A Ohio S outh w est..
Buffalo Roch. < P ittsb 'g .
&
Chloago A E a st. Illin o is.
Ohloago G re a t W estern ..
Chloago Mllw. A St. Paul.
Din. Ja c k so n A Maoklnaw
D enver A Rio G ran d e—
E vansv. A Indianapolis.
E vansv. « T erre H a u te ..
sc
Ft. W orth A Denv. C ity.
G eorgia A A lab am a.........
G ran d T ru n k —
D et. Gr. H av. tfe M ilw..
In te rn 'l A G t. N orth’n . . .
K an. City P ittsb . A Gulf
K an. City Suburb. B e it...
L ake E rie A W e ste rn _
_
Louisville A N ash v llle...
M exican N atio n al............
M inneapolis A St. Louis.
Mb. Pacific A Iro n M t_
_
C en tral B ra n c h .............
N. Y. O n tario A W estern
P eoria Deo. A E v a n s v ...
Rio G ran d e S o u th ern ___
St. Louis S o u th w este rn ..
Toledo A Ohio C e n tra l..
Tol. St. L. A K an. C ity ...
W abash........................ .......
W heeling A Lake E rie ...
W isconsin C e n tra l...........
T o ta l (42 ro ad s)............
S e t d ecrease <13*59 p.o.*

1897.

1896.

*
21.825
5,072
116,303
55,780
306.00<
132,955
76,341
92,810
554,* 07
13.319
107,ICO
5.369
19.764
10.284
23,948

S
25,557
8,938
145,447
54,565
366.000
195,378
94.920
133.158
717,415
18,453
136.500
7,039
25.649
15.527
13,132

57.942
17,850
1,970
1,921
67,810
28.156
9,197
68.896
399,595
258,725
108,473
34,060
204,860
608,000
31,000
70,252
154,566
21,509
42,372
5,417
103,000
162,202
24,593
43.869
22 4,570
17,430
82,448

75,719
16,780
2,639
1.493
87,30 ‘
16,304
7,423
82,724
449.351
214,267
108.175
45.508
264,849

4,392,060

5,082,577

601,000

23,000
73.527
242,840
22,998
39,916
11,503
117.900
165,195
37,892
43.621
283,002
25,496
84.512

In crea se.

$

1,215

.............
.............
10,816
1,070
428
510
11,852
1,774
44,458
298
7,000
8.000

2,450

248

90,125

D e crea se.

S
3,732
3,866
29,144
60.000
02,423
18,579
40,348
162,908
5,134
29.400
1,670
5.985
5,243
.............
17,777
669
.... ...
13,828
49,756
.............
11,448
59,9o9
3,275
88,274
1.489
6,151
14,800
2,993
13,299
58.432
8,066
2,064
780,642
690,517

For the third week of February our final statement covers
79 roads, and shows 4‘91 per cent increase in the aggregate
over the same week last year.
3 d w ee k o f F e b r u a r y .

1897.

P rev'ly rep o rted (43 r ’ds)
Atl. K noxville A No’n . . .
A tlantlo A D anville........
B url. Ced. Rap. A N o rth .
Chicago G reat W estern..
Chic. A West M ichigan. . .
Cleve Canton A South’n
Clev. Cln. Ohio. A St. L ..
D etro it G r. Rap. A West.
D uluth 8. 8. A A tlan tlo ...
E vansv. A Richm ond_
_
F lin t A Pere M arquette..
Fla. Cent. A P e n in su la r..
F t.W orth A D enver City.
G rand R apids A In d ian a.
C incinnati R. A F t. W ..
T rav erse C ity.................
Musk. G r. Rap. <$ In d .

*
4,430,394
4,694
12,789
73,026
102,547
28,979
11.703
234,939
21,852
22,523
1,855
58,330
43,065
19,993
38,718
7,425
968
2.484

1896.
4,225,320
5,081
12,001
84,011
87,412
25,090
9,81.3
242,687
17,060
31,884
1,343
44,905
30,410
15,756
35,713
7,144
754
1.946

In crea se.

*
289,549
788
15,135
3,889
1,890
4,792
512
13,425
6,625
4,237
3,005
281
214
538

D ecrea se.

*
84,475
387
10,985

7,748
9.381

___
,.Tr__

468

3d w eek o f F eb ru a ry .

1897.

G rand T ru n k of C anada.
Chic. A Gr. T ru n k ........
Det. Gr. H aven A M il..
Cin. Sa£. A M a ck in aw ..
Tol. 8as:. A M uskegon..
Indiana D eca tu r A West.
K an. ®ity F t. 8. A M em ..
Kan. City Mem. A Birm .
K ansas City A O m aha. ..
Louisville H ead .A St. L ..
Memphis A C h arlesto n ..
Minn. St. P . 4 S . 8 . M ....
Mobile A B irm in g h am . ..
Norfolk A W estern..........

1896.

I n c re a se .

$311,301
56,312
19.179
1,921
2.385
6,812
87,988
27,02 i
5,631
8,531
24,377
55,943
5,588
181,221
285,580
23,979
4.566
17.804
53,900

Toledo P eoria A W est’n ..
West. N. Y. A P ennsylv
Totai 79 roads
Net increase (4*91 p. o.L.

$38,911

8,296,325

St. Jo sep h A Gd. Isla n d ..

$272,390
58,814
13,447
2,273
947
9.742
80,737
20,416
1,862
7,594
25.665
57,279
7,026
194,300
282.925
12,742
5,459
21,761
41,500
6,001,239

435,817
295,086

...

5,732
1,438
7,251
6,607
3,769
937

2,655
11,237
12,400

D e c r e a se .

$2,502
352
2,930

1,288
1,336
1,438
13,079
893
3,957
. . . . . . . .

140,731

For the month of February 51 roads (all that have furnished
statements for the full month as yet) show aggregate results
as follows :
1897.

M on th o f F e b r u a r y .

1896.

$
$
G ross earnings <51 roads) 18,876,939 19,131,756
\

D e c r e a se .

$
254,817

P e r C en t.

1-33

It will be seen there is a loss on the roads reporting in the
amount of $254,817, or 1‘ 33 per cent.
N e t E a r n i n g s ( l o a t h l y t o L a t e s t D a t e s .— T h e t a b l e f o l l o w ­
in g s h o w s t h e n e t e a r n i n g s o f S t e a m r a i l r o a d s r e p o r t e d t h i s
w e e k . A. f u l l d e t a i l e d s t a t e m e n t , i n c l u d i n g a ll r o a d s f r o m
w h ic h m o n t h l y r e t u r n s c a n be o b t a i n e d is g iv e n o n c e a m o n t h
in th e s e c o lu m n s , a n d t h e l a t e s t s t a t e m e n t o f t h i s k i n d w ill
be f o u n d in t h e C h r o n i c l e o f F e b r u a r y 27, 1897, T h e n e x t
w ill a p p e a r in t h e is s u e o f M a rc h 20, 1397.
,---- G ro ss E a r n in g s . -----..-----E e t E a r n in g s . — .
1896-7.
1895-6.
1896-7.
1895-6.
R o a d s.
S
S
$
Atell. Top. A S. Fe. ..J a n . 2,237,139 2,484,664 *437,955
‘763.636
17,894,020 *5,424,553 -4,309,151
Ju ly 1 to J a n . 31....... 18,421.306 1
22,262
14.103
A ustin & N orthw .... Deo.
27,651
5,649
255,914
82,254
B n ll.R o o h .A P ltt8 .b ..Jan .
250,438
77,031
691,531
J u ly 1 to Ja n . 31....... 2,045.173 1,892,939
575,963
373,343
495,950
C anadian P aoido. a .J a n . 1,312,924 1,474,793
Cent, of N. J e r s e y .a .J a n .
855,216 1.009,568
255,218
350.570
938,082
295,200
C entral P a o liic .b ......Deo.
945.612
367,091
Ja n . 1 to Dec. 31....... 12,453,953 12,946,848 4,715,039 4,801,265
940,125
296.348
Giles. & O h io .a ........ Ian .
918,249
271,612
J u ly 1 to J a n . 3 1 ..... 6,276,778 6,114,591 2,167.018 1,997,629
793,325
Ohio. B u rl.A Q u ln .b .. Ja n 2,672,628 2 ,5 )3 ,6 0 4 1,007,646
704,592
787,713
Ohio. M. A 8t. P . b . .. Ian . 2.010,449 2,329,622
J u ly 1 to J a n . 3 1 .......18,748,732 20,197,341 7,489,468 8,690.308
129,48 4
35,626
25,290
Ohootaw Okla. A G. J a n .
112,903
348,409
123,099
Nov. 1 to J a n . 31
374,130
72,587
569,566
174,198
219,802
Dan. & R, G rande, b ..Ja n .
485,105
Ju ly 1 to Ja n . 31....... 4,254,565 4,651,835 1,710,668 2,056,726
7,654
39,656
13.840
D etroit A Maok’o .a ..J a n .
27,464
33,150
215,830
62,363
Ju ly 1 to J a n . 31— .
169,874
338,267
478,852
E rie ............................J a n . 2,222,620 2,344,077
Ju ly 1 to Ja u , 31___ 18,323,542 19,258,561 5,124,076 5,006,539
54,299
209,193
50,598
F lin t A P ere M arq.a.D eo.
231.669
658,162
6 42,200
Ja n . 1 to Doc. 31....... 2,594,621 2.505,706
154.2 34
159,413
154,005
Georgia a — .............. J a u .
145,131
1344,270 t3 27,595
938,783
Ju ly 1 to J a u . 31....... 1,008,630
333,633
203,649
235,288
H o n s t A Tex. C ent...Dec.
351,936
3,512,669 1,053,162 1,349,212
J a n . 1 to Dec. 31....... 3,298,256
167,472
23,654
04,097
Iow a C e n tra l.b .......J a u .
114,323
289,037
435,934
Ju ly 1 to J a n . 31 .......
929,009 1,114.674
K an. C ity P itts. A G ulf—
575,423
179,373
1 30,108
865,759
Ja n . 1 to Deo. 34.......
Deo. 185,722
Deo. 321,386
L ehigh Valley R R ... J an.
Deo. 279,517
Doe. 447,057
Deo. 1 to J a n . 31.......
Ino.
10,317
Deo.
60,350
L ehigh Val. Coal Co. Ja u .
Inc. 59,494
Ino.
62,627
Deo. 1 to J a n . 31 .......
493.783
622,055
Loulsv. A N a s h v .b ..J a n . 1,602,516 1,688,537
_____ ___________
J u ly 1 to Ja n . 31....... 12,195.133 12,408,619 4,025,036 4,506,497
103.837
73,338
Mex. I n te rn a tio n a l..J a n .
260,986
234,547
1211,700
M exloan N atio n al....D ec.
573,269
445,433 )3 16,843
Ja u . 1 to Deo. 31 ....... 5,299,026 4,513,206 12,525,958 12,071.409
40,452
49,199
145,878
Minn. A St. L o u is__ J a u .
127,477
532,837
559,598
J u ly l to Ja u . 31 ....... 1,224,629 1,276,900
42,307
62,897
272,260
N. Y. O nt. A W est.a.. Ja n .
256,869
738,824
719,942
J u ly 1 to J a n . 31....... 2,383,574 2,319,187
3,133
6,680
def. 642
N o rth eastern of Ga..Deo.
6,352
22,813
12,894
54,661
J a n . 1 to Deo. 31.......
66,032
.......
76.302
372,938
Oregon RR. A N a v ..J a n .
299,746
74,303
23.493
303,473
Pacific M a i l ....... ....J a n .
356,707
568,934
628,415
May 1 to Ja u . 31. . . . 2.987,532 3,196,003
P hila. A R eading___J a n . 1,538,427 1,787,116 C650.573 c768,168
Deo. 1 to Ja n . 3 1 ....... 3,315,872 3,680,725 c l , 505,213j e l , 601,751
Coal A Iro n Co....... J a n . 1,694,066 1,853,451 Cdf.96,899 c l l O ,633
C96.262
Deo. 1 to J a u . 31 ....... 3,404,764 4,069,800 Cdf.61,586
T otal b o th Cos........ J a n . 3,232,493 3,610,567 C553.674 c876,S01
Deo. 1 to J a n . 31 ....... 6,780,636 7,750,531 c l , 443,627 01,698,013
15,459
11,031
36,370
Rio G rinde South., b.. J a n .
27,488
117,989
167,767
305.945
J u ly 1 to Ja n . 31.......
256,176
53,466
160,260
53,251
Rio G rande W est. b .J a n .
175,795
628,073
493,690
J u ly 1 to J a n . 31 ....... 1,470,302 1,509,281
181,215
157,450
492.856
8t. Louis A San F r ..J a n ,
415,640
Ju ly 1 to J a n . 31....... 3.536,576 3,736,254 1,568,845 1,544,835
38 ,5 4 1
29,851
143,781
San A nt. A A ran. P ..J a n .
151,922
432,414
571,050
J u ly l to Ja n . 3 1 ..... 1,454,125 1,231,479
S outhern PaoWo—
190,143
76,540
439,657
Gal. H. A S. A ut.b..D eo.
412,934
.Ja n . 1 to Deo. 31 ....... 5,056,122 4,798,124 1,733,468 1,597,412

TH E

461

C H R O N IC L E .

m— M et E a r n in g « ----1 8 9 6 -7 ,
1 8 9 6 -6 .
1 8 9 6 -7 .
1 8 9 5 -6 .
*
*
SNM t*.
. „ Jfr _
. .* .
5 6 ,6 3 3
4 3 ,5 9 7
L o o i g l a m W*Hi 5 . D vo.
1 0 8 ,9 8 0
9 0 ,3 4 5
3 7 4 ,4 0 2
6 1 2 ,5 7 5
J » n . I t o D e o . 3 1 .........
9 3 9 .7 0 1 1 ,0 1 2 ,9 9 0
3 0 3 ,2 9 0
2 5 0 ,4 2 1
Vox h -O e e .
6 * 3 ,2 9 6
6 4 0 ,1 7 1
J » i:. 1 t o lh : . 3 1 ........ 5 ,3 3 > i,6 3 9 5 ,9 6 7 ,9 1 6 1 ,6 0 2 ,1 1 7 1 ,5 3 1 ,5 5 1
2 4 ,7 4 1
3 ,7 1 6
K Y .T * X .A M .. b . . U 6 e .
3 9 ,5 3 5
1 9 ,5 2 0
1 4 3 ,0 2 4
7 7 ,0 5 7
J im*. 1 t o tie r. 3 1 ........
2 9 9 .0 9 7
2 3 5 ,1 9 2
8 3 ,6 5 5
6 0 ,1 8 8
O .- b ...I * * .
1 5 9 ,5 3 2
1363*32
4 5 7 ,2 6 7
6 7 5 ,2 5 1
J » u . 1 W (V o 2 1 ........ 1 .3 9 5 ,9 6 6 1 ,8 3 2 ,0 1 0
7 6 9 ,0 5 1
8 2 4 ,0 0 2
A U a n t i r rr.»i> '• .D e e . 1 .7 9 4 .* 3 3 1 ,7 5 7 ,9 9 9
]* » . 1 1 , D ec. 3 1 ........ 1 7 ,0 1 7 ,7 2 3 1 7 ,9 4 9 ,8 2 1 5 ,5 2 9 ,0 9 0 5 ,9 9 7 ,3 3 7
‘
8 0 8 ,6 7 1
9 6 5 ,7 3 2
eta b , . 0 « c 2 .5 1 9 ,7 7 8 2 ,6 0 8 .8 7 4
p<tj ^ f w ' p ; c ' 3 i : . : : . 8 i ; 6 3 3 ; 6 9 6 32 : 507,198 1 1 .1 6 5 ,4 1 3 1 1 ,2 1 7 ,2 8 7
T o t * i * f » U 5 ___ D e e , 4 ,3 1 4 ,2 6 0 4 ,3 8 6 ,9 7 3 1 ,5 7 7 ,7 2 5 1 .7 8 9 ,7 3 4
4 a n . 1 i , i D e e . 3 1 ____ * 8 ,6 5 6 ,4 1 9 5 0 ,1 5 7 ,0 2 2 1 6 ,6 9 4 ,5 0 1 1 7 ,2 1 4 ,6 2 4
2 9 3 ,7 3 0
3 5 2 ,7 7 4
g t, }Me o f C a l . b . D e o .
7 7 4 .8 5 8
8 8 8 ,1 4 3
J a h . I to U s e . 3 1 ........ 9 ,8 5 7 ,8 4 3 1 0 ,4 7 0 ,1 3 1 3 ,6 7 3 ,2 5 7 4 ,0 6 7 ,6 7 8
2 9 .3 5 6
8 3 ,0 7 7
8 o f , i « l A r i l ' . . 6 .B o o .
2 2 8 .6 8 *
2 1 3 ,0 8 6
3 9 3 .9 8 3
7 2 1 ,5 2 4
J a m . 1 t o P e e , 3 1 ........ 2 ,2 8 4 ,6 8 2 2 ,2 8 6 ,5 7 6
5 9 .5 5 4
3 1 ,0 1 4
B e. P a r . o f N i f . b .D e r .
1 1 1 ,7 5 4
8 8 ,7 3 2
4 6 5 ,9 0 3
3 6 5 ,5 5 9
J a a 1 t o D ec. 3 1 ........ 1 ,1 5 6 ,6 1 7 1 ,0 8 3 ,0 2 1
1 9 ,7 1 0
6 4 ,8 4 6
N o r t h e r n R a l l 'v .b .D e o .
1 7 1 ,9 3 3
1 8 2 ,6 0 0
8 3 6 ,6 2 2
4 3 5 ,1 1 8
J a n , 1 t o tw o . 3 1 ........ 8 ,2 0 3 ,8 3 9 2 ,0 2 2 ,7 9 8
4 0 ,1 0 4
4 1 ,8 2 0
T o lc lo A O U io C e u r .b .J a n .
1 4 5 .0 4 4
1 1 4 ,4 5 0
2 7 7 ,1 8 2
4 0 3 ,9 7 2
J u ty 1 t o J o o . 3 1 ......... 1 ,0 6 9 ,9 3 3 1 ,2 1 0 ,2 4 1
1 9 3 ,5 8 9
2 4 7 ,0 5 5
VA b a s h , t > . . . J a u .
*
8 3 5 ,0 5 3
9 7 6 ,8 0 7
J u ly 1 1« J a n . 3 1 ........ 6 ,9 0 9 ,1 1 5 7 ,9 5 4 ,0 9 8 2 ,0 9 7 ,3 2 7 2 ,3 7 0 ,2 2 0
316
2 ,9 1 3
W . J e r s e y & S e a s h 'e . J a a .
1 2 3 ,9 5 5
1 3 1 ,5 9 2

- f ir a u H o r n i n g s ..

G ross
E x e n i k o *.

| v o l , LXLV.
L a t e s t d r o s s E a r n in g s .
W eek o r M o 1 8 9 6 -7 .

1 8 9 5 -0 -

*
2 2 ,9 1 8

$
1 9 ,6 5 7

B rockton Con. St. Ky, J a n u a r y . .
B r'klyn R ap.Tr. Oo.—
Brooklyn H e ig h ts., F e b r u a r y .
B r'klyn Qu’nn ,k Sub F e b r u a r y .
T o ta l for system . F e b r u a r y .
Bnflalo R y ...................
C haster T ra c tio n .. .. J a n u a r y , . .
O h io . & So. S id e R .T .. J a n u a r y . . .
City Elec. (Roma,Go.) J a n u a r y . . .
Cleveland E le c tric ... J a n u a r y . . ,
Clevo. Paiusv.A. K___ D e c e m b e r .
Colum bus St, Ky. (O.) 3 d w k F o b .
Ooney M a m in s B’lyn. D e c e m b e r .
D auv, G as El. L ight A
S tre e t R y ................. N o v e m b e r .
D enver Clou. T rauiw J a n n a r r . . D e tro it O tti'ns’St. Ry, 3 w its F e b ,
D etro it Elec. R y ......... J a n u a r y . .
D uluth St. R y .............. D e c e m b e r .
E rie Eloc. M otor C o.. J a n u a r y . . .
G alveston C i t y S y ... J a n u a r y . . .
H erkim er Mohawk f v
Ion A F 'k fo rtE L R y . J a n u a r y . . .
Hooslok R y .................. J a n u a r y . . .
H ouston Elec. 8 t. R y. J a n u a r y . . .
I n te rs ta te Consol, ol
N orth A ttle b o ro . . . . J a n u a r y . . .
J a n u a ry ...
K ingston City R y..
Lehigh T ra c tio n ____ J a n u a r y . . .
London S t Ry. (C an.). J a n u a r y . . .
Lowell Law . & H a v .. J a n u a r y . . .
m S e t e a r n i n g * h e r e g iv e n a r e a f t e r d e d u c t i n g t a x e s ,
d tl i v rk F e b
Lynn & Boston.
t»
. ' i n i i n i ' - h e r e g iv e n a r e b e f o r e d iv i n e t i n g t a x e s ,
M etrop. (K ansas City) 1st w k F e b .
r A f te r a . lo w in g f o r I m p r o v e m e n t s , e t c ., t o t a l n e t o n E a t! w a y f o r
M ontgom ery St. R y .. J a n u a r y . . .
J a n u a r y , D >9?, 0 6 1 0 ,7 1 1 , a g a i n s t 0 6 9 3 .6 0 4 , a n d f r o m D e c . 1 , to J a n .
M ontreal S tre e t R y ... J a n u a r y . . .
3 1 , A i,3 1 .5 ,0 9 2 , a g a i n s t 8 1 .1 6 2 ,4 5 7 . O n t h e C o a l , t I r o n C o ., a l t e r
N assau Eleo. (B'lrlyi J a n u a r y . . .
a l lo w in g f o r i m p r o v e m e n t s , e t c ., t h e r e w a s f o r J a n u a r y , 1 8 9 7 , a d e f ic it
N ew burgh E le ctric. D e c e m b e r .
• u s t a s u r p l u s o f 8 2 2 ,3 4 1 , a n d f r o m D e e . I t o J a n . 3 1 , New E n g lan d St.—
1 8 9 7 , t h e t e w a s a d e f i c it o f $ 1 4 6 ,6 3 1 , a g a i n s t a d e f i c it o f $ 6 0 ,0 7 9 .
W inchester A v e _ D e c e m b e r .
_
: D e d u c t in g o t h e r e x p e n d i t u r e s f o r r e p a i r s , r e p l a c e m e n t s a n d g e n e r a l
F lym ’th & K ingston D e c e m b e r .
e x t . c u m - , n e t In c o m e a p p l i c a b l e t o I n t e r e s t o n b o n d s In D e c e m b e r w a s
T o ta l............
0 1 3 9 ,9 3 2 , a g a i n s t $ 8 5 ,1 9 7 l a s t y e a r , a n d f r o m J a n u a r y 1 t o D e c e m b e r New London St. R y .. J a n u a r y . . .
3 1, $ 1 , 3 6 2 ,9 7 1. a g a i n s t $ 1 ,0 6 1 ,9 4 7 . T h i s is t h e r e s u l t In M e x ic a n d o ll a r s
New O rleans T raction J a n u a r y . . .
t r e a t e d ( a c c o r d in g t o t h e c o m p a n y 's m e t h o d o f k e e p i n g I t s a c c o u n ts )
N. V. ,v Q ueens O 'y... J a n u a r y . . .
a s e q u i v a l e n t to 8 0 c e n t s i n U n ite d S t a t e s m o n e y —t h a t is , a l l d e p r e o lO g d ensbnrgS t. R y .. J a n u a r y . . .
atio D b e y o n d 2 0 p e r c e n t h a s a l r e a d y b e e n a l lo w e d f o r .
P aterso n R y ................ J a m i a r y . ..
* A f t e r a l lo w in g f o r o l h e r in c o m e r e c e iv e d n o t in J a n u a r y w a s $ 1 0 5 ,P l t t s b . F t.S u b . ELRy.
2 3 - . a c u i t i s t $ 6 4 ,4 9 5 , a n d f r o m J u l y l to J a n u a r y 3 1 $ 1 3 0 ,4 7 1 , a g a i n s t
Po’fceepsle & Wapp. tv J a n u a r y . . .
$ 3 8 9 ,4 0 1 .
R ochester R y.............. D e c e m b e r .
• F o r J a n u a r y , 1 8 9 7 , t a x e s a n d r e n t a ’8 a m o im tc tU o $ 1 5 1 ,3 S O , a g a i n s t Sohuylkill T ra c tio n .. J a n u a r y . .
1 5 1 ,4 6 8 , a n d f r o m J u l v 1 in J a n u a r y 3 1 , 1 8 9 7 , $ 1 ,1 1 1 ,9 1 8 , a g a i u s t
Schuylkill V al. Trao.- J a n u a r y . . .
1 ,1 3 6 .8 1 1 . a f t e r d e d u c t i n g w h ic h n o t f o r J a n u a r y , 1 8 9 7 , w a s $ 2 6 6 .Sorantou & P lttsto n .. J a n u a r y . . .
5 7 5 , a g a i u s t * 6 1 2 .1 6 8 , a n d fr o m J u l y 1 to J a n u a r y 3 1 , 1 8 9 7 , $ 4 ,3 1 2 ,- Soranton R a ilw a y ... J a n u a r y . . .
6 3 5 , a g a i n s t * 3 ,1 7 2 ,3 4 0 .
Second A ve. (Pittab.) J a n u a r y . . .
Sioux City T raction N o v e m b e r ,
Janua y
Interest Charges and Sorping.—The following roads, it, ayraouse E ’et-SldeRy J a n u a rr y .. .. ..
Syracuse R ap. T r. Ry.
a d d i t i o n t o their gross and net earnings given in the foregoing, 'Terre H aute E l’c. Ry. O c t o b e r . . .
also report charges for interest, &c,, with the surplus or deficit T hird Aye. (N. Y .) . . . D e c e m b e r .
T oronto R y — .......... F e b r u a r y .
above o r below those chargee.
Twin C ity Rap. T rau . J a n u a r y . . .
* - l n t t r ' t , r e n t a l s , <fc— ' - B a t . o f M et E a r n s Union (N. B edford)... J a n u a r y . . .
1 8 9 6 -7 .
1 8 9 5 -6 .
1 8 9 6 -7 .
1 3 2 5 -6 ,
U nited T ract. (Prov.) J a n u a r y , . .
Roans.
«
$
S
$
U nit. T rao. (Reading) J a n u a r y . . .
8 9 0 ,0 0 0
8 8 1 ,1 0 7
1 1 7 ,6 4 6 d o f .8 7 ,7 4 2
O b le . B u r l. A Q u in c y .. J a n ,
Wakefield & Stone___ J a n u a r y . . .
1 8 2 ,3 5 0
1 7 8 ,2 0 8
d e f .8 ,1 5 2
4 3 ,5 9 4
D e n v e r A R io G r ’d e . J a n .
W aterbury T ractio n .. J a n u a r y . ..
3 5 2 ,2 8 1
7 0 1 ,4 4 7
J u l y 1 t o J a n . 3 1 . . . . . 1 ,3 5 3 ,3 s 7 1 ,3 5 5 ,2 7 9
W heeling R a ilw a y ... J a n u a r y . ..
W ilkesb.& W y. Valley J a n u a r y . . .
1 9 ,0 0 0
1 6 ,6 2 6
C h o c . O k l. & G u l f ___ J a n .
W orcester Consol....... O o t o b e r . . .
5 7 ,6 0 0
7 1 ,0 9 9
H O T .l t o <?SM 3 1 . . . . .
S*
........

§

*19,120
6 1 8 ,3 2 3
1 1 ,1 0 6
9 8 ,7 1 7
4 1 ,7 6 1
2 0 9 ,0 2 1

r e n t A P e r * M a r ........D eo.
J a n . 1 t o D e o . 3 1 ........
B So Qr&n&e fto a t h . ... J a n ,
J u ly 1 to J o n . 3 1 . , . . .
T o l e d o A O . C e n t ........ J a n .
J u ly 1 to J a u . 3 1 .....

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

5 ,1 7 9
1 4 ,8 3 9
d c f .3 ,0 7 5
1 9 ,2 4 2
* 5 ,1 7 9
* 1 1 ,1 7 7

* A f t e r a l lo w in g f o r o t h e r in c o m e r e c e iv e d .
NORTHERN

P A C IF IC .

J a n ., 1897.
$958,868

G rom e a rn in g s..................................
O p e r a t i n g e x p e u s c a .............................

S e p t.

8 2 1 ,5 9 8

K i t c a t a l o g s . . . . . . -----------------

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

$137,270
3 0 ,8 0 0

B i t o p * r a t It g I n c o m e .................. $ 1 0 0 ,7 7 0
M U c v b in c o m e n o t I n c i u d 'g l a n d s a l e s . .

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

$ 3 ,5 9 3 ,8 8 9
T o t a l lie? S ru o m o . . _______ . . . . . ------ $ 1 2 0 ,7 6 1
Tb© of * r a l lo if
f r o m S e p t. 1, 1 8 9 6 , i n c l u d e a p ro p o rtio n a fc e
a r t o f th©
tu x m a n d r a i l a n d t i e r e n e w a l s f o r t h e c u r r e n t
jkhM T e a r o f tb o n o w e o m p a o y , b e i n g l e u m o u t h s t o J u l y 1, 1 8 9 7 .

&

HTREKT RAILWAY."! AND TRACTION COMPANIES.
The following table shows the g r o s s earnings for the latest
period of all 4TRKET rail ways from which we are able to obtai n

weekly or monthly returns. The arrangement of the table is
the same as that for the steam roads—that ia, the first two
eoStimns of figures give the gross earnings for the latest
week or month, a n d the last two columns the earnings foi
the c a l e n d a r year from January 1 to and including such latest
week or month.
STREET

R A IL W A Y S

G aos*
(E x it.«:!«»*.

A SO

| Week or Mo 1 1890-7. 1895-8.
i

A k » n S e o r d * C i«
A k r o n iu . K y. A IU . f
A n i . t c n l s m S t. B y ,
A t u p i s ns*!. R « . T • J
A ll. C e w n l. f it K j .
A t l a n t a .R a ilw a y . ..
381*11101* T tv iiU v r .
B * tb S t. B y . IN- Y d
B a y C it ie s C o n a n l ..
B i i e n a i n r a n ®L B y . ..

T R A C T IO N

L a im l Qrmx M(trninff$,

‘D ecem ber.;

*

8,782

I)«*€©inb©jr. | 1 8 ,9 8 8
J& tttM vry... j 3 ,0 9 6
' J a n u a r y . . , | 4 ,2 0 0

i
6 ,1 5 6

20,523
3,563

3 t94»i

C O M P A N IE S .
f a n . 1 to L a te s t D a tr.

1890-77

*
2 2 ,9 1 8

1 8 9 5 -6 .
$
1 9 ,6 5 7

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

8 4 ,0 2 6
3 3 0 ,9 3 0

9 ,2 0 9
5 3 ,9 9 8
5 7 ,1 6 7
3 3 ,4 6 3
1 0 ,2 5 5
10 2 58
1 4 ,7 0 8

8 ,8 4 1
5 4 ,5 4 0
5 0 ,5 9 4
3 5 ,1 3 1
17,7S<
1 0 ,8 3 5
1 3 ,2 5 9

(5;i.'i¥4
1 3 9 ,4 0 8
3 3 ,4 6 3
2 2 5 ,9 J2
1 0 ,2 5 8
1 4 ,7 0 8

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

3,r>97
482
1 4 ,3 0 9

3 ,4 3 *
555
1 4 ,4 0 5

3 ,5 9 7
482
1 4 ,3 0 9

3 ,4 3 5
555
1 4 ,4 0 5

8 ,9 4 3
3 ,6 7 9
8 .7 0 2
6 ,0 0 1
2 7 ,5 4 '
2 2 ,2 1 7
3 2 ,7 3 6
3 .6 5 0
9 9 ,6 3 t
1 0 9 ,6 2 4
!5 ,1 3 0

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

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

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

1 5 ,3 8 5 1 5 ,4 0 5
2 3 1 ,9 4 5
2 4 4 ,4 0 8
2 ,0 9 3
2 ,0 9 5
3 3 ,5 2 0
3 0 ,4 7 2
3 .8 t3
3 ,8 7 8
2 .7 0 1
2 ,6 8 6
2 ,7 0 1
2 ,6 8 6
1 0 L,2 5 8 1 0 6 ,4 8 *
1 0 1 ,2 3 8
1 0 6 ,4 8 4
2 4 ,3 3 1
2 4 ,3 3 1
1 ,0 3 1
1 ,0 3 1
i .o s i
1 ,0 5 9
2 3 ,7 6 9 2 3 ,3 3 6
2 3 ,7 6 9
2 3 ,3 3 6
1 ,3 2 1
1 4 ,4 4 2
5 ,3 9 1
5 ,4 to
5 ,4 4 5 5 ,3 9 1
7 4 ,2 6 3 7 1 ,0 0 0
8 4 7 ,4 * 0
8 5 9 ,7 8 8
7 ,9 7 6
7 .9 7 6
7 ,9 S i
7 ,9 8 L
3 .5 0 9
4 ,1 6 3
3 ,5 0 9
4 ,1 6 3
4 ,7 3 0
4 ,7 3 0
2 7 ,5 7 2 2 5 ,4 8 ;
2 7 ,5 7 2
2 5 ,4 8 6
3 2 ,3 6 2 3 2 ,2 2 4
3 2 ,3 6 2
3 2 ,2 2 4
6 ,1 8 3
6 ,8 2 9
7 1 ,7 3 9
7 1 ,7 3 3
2 ,4 4 1
2 ,6 5 8
2 ,4 4 1
2 ,6 5 8
3 2 ,1 9 0 3 3 .3 0 1
3 3 ,3 0 1
3 2 ,1 9 0
1 2 ,4 5 0 1 1 ,9 9 7
1 3 7 ,7 6 4
1 2 0 ,7 7 1
___T __
2 ,6 2 6 ,8 9 6 2 , 6 1 5 , 1 5 2
6 9 ,7 4 5 7 2 ,9 7 6
6 9 ,7 4 5
7 2 .9 7 6
1 5 1 ,9 0 7 1 5 8 91.-1
1 5 1 ,9 6 7
1 5 3 ,9 1 3
1 5 ,8 6 5 1 4 ,6 0 5
1 5 ,8 6 5
1 4 ,6 0 5
L 2 9 .1 8 3 1 3 1 ,5 7 4
1 3 1 ,5 7 4
1 2 9 ,1 8 3
1 1 ,0 7 7 1 2 ,2 5 1
1 2 ,2 5 1
1 1 ,6 7 7
3 ,2 8 5
3 ,2 2 8
3 ,2 8 5
3 ,2 2 3
1 9 ,0 7 1 2 1 ,4 5 6
1 9 ,0 7 1
2 1 ,4 6 6
1 2 ,9 2 5 1 1 ,4 7 6
1 2 ,9 2 5
1 1 ,4 7 6
3 9 ,4 1 9 3 8 ,8 6 8
3 9 ,4 1 9
3 8 ,8 5 8
4 0 ,1 0 9 3 9 ,0 4 6
........
........

* F ig u r e s w e r e e x c e p t i o n a l l u 1 3 9 5 o n a c c o u n t o f A t l a n t a E x p o s i t i o n .
1 D e o re a se in e a rn in g s d u e to f a c to r ie s b e in g s h u t d o w a .

— G ro s s E a r n i n g s . --- , r— M et E a r n i n g s . -----1 8 9 6 -7 .
1 8 9 5 -6 .
1 8 9 6 -7 .
1 8 9 5 -6 .
R o a d s.
A m s te r d a m S t, R y . . . J a u .
3 ,6 9 6
3 ,5 6 3
768
427
C liio. & S o. S id e JK. T.„ J a n .
5 6 ,0 0 9
6 5 .8 7 1
1 5 ,4 1 2
2 2 ,8 3 2
C o n e y I s l a n d <k B 'k ly n ,—
6 9 ,8 6 2
O e t. 1 t o D ec. 3 1 .........
7 0 ,5 4 1
1 6 ,4 2 6
1 4 ,9 0 5
J a n , 1 t o D e c . 3 i ........
3 4 3 ,1 7 1
3 8 0 ,9 3 0
1 1 7 ,2 5 1
1 1 4 ,3 8 2
D r y D o c k E . B . & B a t* —
G o t, 1 t o D ee, 3 1 . . . . .
1 6 9 ,0 7 1
1 8 8 ,9 1 1
4 9 ,1 9 6
1 6 ,0 2 8
J a n . 1 to D eo. 3 1 .- - ..
7 1 7 ,2 6 0
7 3 7 ,9 4 4
1 8 6 ,3 1 2
.1 8 0 ,8 7 0
iC iu g a C o . E l e v a t e d —
J u l y 1 t o S e p t. 3 0 ___
1 5 1 ,1 3 1
.1 7 2 ,1 4 9
1 3 ,5 1 2
3 9 .5 0 5
J im . 1 t o S e p t. 3 3 . . . ,
2 0 5 ,9 1 4
5 3 5 ,7 4 5
6 3 1 ,7 8 0
1 0 7 ,0 9 3
N a s s a u E le c tr ic . H R . (B ’k ly n ) .
8 2 ,1 4 0
1 3 0 ,4 1 7
O e t. 1 t o D ee, a t ........
3 6 7 ,7 8 2
2 2 ,2 3 6
J a u . 1 to D ec, 3 1 ........ 1 ,4 6 1 ,1 3 3
5 8 0 ,9 1 4
3 1 ,2 2 0
N ew O r l e a n s T r a c t.
a.
1 0 1 ,2 5 8
1 0 0 ,4 8 1
4 9 ,9 4 5
5 ,3 9 1
1 ,1 4 1
P o u g h J - 'ity & lV . F a lls . J a n .
5 ,4 1 5
1 ,2 3 3
3 4 ,2 7 4
7 5 ,2 6 3
7 1 ,3 7 6
3 1 ,2 3 9
T o r o n to K y .................. J a a .
1 5 .1 ,9 0 7
1 5 8 ,9 1 3
T w in C it y R a p id T r ..,I a n .
8 3 ,7 1 1
7 4 ,6 5 1

18954(7

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

4,290

.D ecem ber.! 2»,asr- •62.848! 3 6 8 .7 1 ?
5.370
5,155
87,3261
9 0 ,5 1 c
1,422
1,311
6,927
6 ,3 3 6
1 0 ,0 2 9
9.767.
Brbicf'i.'>rt Tract; on
5,122!
3 2 .4 1 0
?J a n u a r y . . , ;
5 ,1 5 5
J a n u a r y .. 9 0 ,5 U
(J a n u a ry ,..!
1... 1 1
J a n u a r y ...
•--------- a r y . . . ; 10,0 2 1
Janu .2d wk li'U . 4,871
*'.l wfc

1 2 ,8 0
1 2 .6 3 1
5 6 ,0 0 9 6 5 ,8 7 1
1 ,4 3 8
1 .4 4*
12 4 ,1 7 8 1 2 5 ,4 0 1
.
4 ,9 9 3
1 0 ,5 6 2 1 1 ,1 8 9
........

1 8 9 6 -7 .

Street Railw ay Net Earnings.— The following table gives
the returns of S t r e e t railway gross and net earnings received
this week. In reporting these net earnings for the street rail­
ways, we adopt the same plan as that for the steam roads—
that is, we print each week all the returns received that
1 to J a n . 31. week, but once a month (on the third or the fourth Satur­
$ 8 ,4 2 8 ,4 2 0
day) we bring together all the roads furnishing returns, and
4 ,7 4 6 ,9 7 0 the latest statement of this kind will be found in the
$ 3 ,6 8 1 ,5 5 0 C h r o n i c l e of February 27,1897, The next will appear in the
214,481 issue of March 20, 1897.
$ 3 ,1 6 7 ,f 6 9
1 2 6 ,8 2 0

2 5 ,8 9 1

3 1 1 ,5 5 2 3 1 3 ,2 3 ?
4 8 .7 0 2 4 7 .3 2 7
3 0 0 ,2 5 1 3 6 0 ,5 0 6

J a n . 1 to L a t e s t D a te -

189,256
3 ,5 6 3
3 ,9 4 0
* 4 7 4 ,1 1 2
5 .3 7 0
8 7 ,3 2 8
1 .4 2 2
6 ,9 2 7
9 ,7 0 7
3 1 .7 7 3

ANNUAL

REPORTS.

Annual R eports,—The following is an index to all annual
reports of steam railroads, street railways and miscellaneous
companies which have been published since the last editions
of the I nvestors’ and S treet R ailway S upplements ,
This index does n o t include reports in to-day’s Chronicle..

TH E

Maboh 6, 1S97.]

R a il r o a d a n d M is c e l . Go ’s ( O o n )
V o lu m e 6 1 —
Page.
Georgia Railroad............................... 23L
Green Bay A W e ster n .................... 178
Huntingdon A Broad Top............... 326
Illinois Steel.......... ................... 327. 372
Lake Erie A W estern....................... 37L
Lehigh Coal A Navigation........
371
Maryland Coal.....................................372
National L ea l .................................. 372
1T Y . Chicago A St. Louis ............. 371
S.
Northern Central........................ 371, 375
Oregon Improvement Co................. 2-G
Philadelphia A Erie....................32o, 371
Pilila. Wilmington A B altim ore... 178
Pittsburg A Lake Erie .....................230
St. Louis Vandalia A T. H ........... 420
Savannah Florida A W estern......... 421
Summit Brlnch RR.......................... 4*1
Trenton Potteries........................... 327
United States Leather Co............ . 422
Western Maryland .......................... 178

R a il r o a d s a n d M is c e l . C o ’s .

V o lu m e 6 4 —

C H R O N IC L E .

Page.

Alabama Great Southern................ 325
Ala. N. O. & Tex. Pac. Jun e........... 325
American Dist. Tel .......................... 327
American Soda Fountain..................281
American Straw Board.................... 327
Atlantic & Pacific............................. 17 J
Baltimore Chesapeake & Atlantic.. 284
Brooklyn Wharf & Warehouse Co. 421
Central RR. o f New Jarsev----- ... 233
Central Union Telep. (Chicago)... 323
Charleston A Savannah................... 42L
Chicago & A lt o n .................— 357, 370
Chicago Great Western, h a lf year.. 325
Cnieago A North-W estern................. 263
Chicago Peoria A St. Louis.......284, 326
Chicago St. P. M. A Omaha------- - 231
Delaware A Hudson Canal . .. 231. 370
Delaware Lack. A W estern............ 231
Diamond Mateh .................
285
Edison Electric 111. or Brooklyn... 231
Edison Elect, 111. of N. Y . . 231, 327, 3s2

Canadian Pacific Railway.

465

D e d u c t—
R e n ta ls....................................
I n te re s t on funded d e b t...
l u t on m o rts. A ground ren ts
I n te re s t on oar t r u s t s .......
S ta te ta x e s a n d m iso e ll...

1896.

1895.

8,824.163
4,257,819
131,978
575,592
875,394

8,896.061
4,163,775
128,069
602,031
*859,614

1894.
S
8,956.441
4,155,706
127,053
664,945
*479,463

T o ta l..................................
B a la n ce................................

14,664,936
9,391,121

14,649,550
10,530,432

14,383,614
9,470,120

N e t incom e P a. RR. D iv ...
P rofit on U n ited N. J . D iv..
P ro ttt on P hil. & E rie D iv.

8,898,589
439,424
53,108

9,778,234
727,694
24,505

8,779,258
679,461
11,400

B alance, a s a b o v e.........

9,391,121

10,530,432

9,470,120

P ay m en ts to t r u s t f u u d s ...
Con. mor. sink, fund a o o t..
A llegheny V. RR . d e f'o y ...
E x tra o rd in a ry e x p e n s e s ...

73,048
324,780
214,570
1,516,899

87,217
324.730
156.,715
1,327,250

74,340
324,780
325,980
1,385,272

The a b o v e b a la n c e w a s m a d e
up a s fo llo w s :

F ro m th is balance deduct —

('R e p o r t f o r th e ye a r e n d in g D ecem ber 31, 1896.^
The earnings, etc., for the year 1898 compare as below with B alance to c r e d i t of i D c o m o
a fte r d e d u c t , a l l p a y m ’t s .
previous years. Full particulars from the report will be
D ividends (5 p e r c e n t ) ..........
given next week.
1895.
$
18,941,035
11,460,088

1894.
$
18,752,167
12,328,859

1893.
$
20,962.317
13,220,901

N et e a r n in g s . . . . 8,107,582
O th er in co m e.............
196,762
D u la th 8.8. < A tlan.
fe
in te re st (b alan ce).
262,223
M inn. St. P au l A S.
8 te. M arie in te re st. 52,180

7,480,950
112,246

6,423,303
206,012

7,741,416
209,863

440,667

127,813

T o ta l.....................
618,747
D e d u c t—
In te re s t on b o n d s ... 6,708,094
C o ntingent in t. (M.
8. P. < S.S. M.) . . .
fe
203,890
D iv id e n d s .................. 1,612,940

8,033.833

6,757,133

7,951,279

6,659,478

6,539,378

5,333,597

1,231,960

694,487
1,831,930

2,275,000

1896.
$

G ross e a ro io g s.........20,681,537
O p eratin g ex p en ses. 12,574,015

sur.142,435 def.2,408,692 sur.337,682

- V . 64, p. 329.

Pennsylvania Railroad.
( R e p o rt fo r th e y e a r e n d in g Dee. S I, 1896 J

The text of President Frank Thomson’s report will be found
on subsequent pages. Remarks upon the report will a ls o be
found in the editorial columns.
The earnings, general income account and balance s h e e t f o r
a series of years, compiled for the C h r o n i c l e , are g i v e n h e r e ­
with, presenting an interesting comparison.
EA RN IN G S ON ALL L IN E S BO TH EAST AND W EST O P PITTSBURG AND ERIE.

1895.
$130,319,354
90,893,610

1896.
G ross e a rn in g s ...................................... $123,634,120
O p eratfu g e x p e n se s............................
88,329,329
N et e a r n in g s ..................................

$35,304,791

$39,425,743

T R A F F IC ON ALL L IN E S BOTH EA ST AND W E ST O F PIT T SB U R G AND ERIE.

1896.
P assen g ers c a r r ie d ..............................
71,919/860
P assen g ers c a rrie d 1 m ile ................ 1,527,570,136
F relg lit (tons) o a rrle d .........................
145,192,644
F re ig h t (tons) ca rrie d 1 m ile ........... 13,197,645,813

1895.
74,654,116
1,536,921,657
157,665,409
14,202,881,094

Below are given the resu'ts on the lines east of Pittsburg
and Erie, comprising the “ Pennsylvania Railroad Division,”
the “ United Riilroads of New Jersey Division” and ths
“ Philadelphia & Erie Division.”
TRAFFIC ON LINES EAST OF PITTSBURO AND ERIE.

1894.
1896.
1895.
Aides o p e ra te d .....................
2,721
2,671
2,675
P assen g ers ea rrie d ..............
36,170,220
38,596,160
37,452,437
P assen g ers carrie d 1 m ile. 699,799,213 712,072.950 6 9 3 .0 1 0 ,0 5 6
R a te p e r pass, p e r m ile___ 1*964 cts.
1*953 cts.
1* 9 7 7 c ts .
T ons carrier!...........................
0 4 ,6 7 7 ,6 9 4
72,967,125
78.259,526
Tons c arrie d one m ile.........7,727,923,344 8,173.2 18,403 0,927,195,092
R a te p er ton p e r m ile.......... 0*564 cts.
0*563 cts.
0 -5 8 5 C ts.
EARNINGS AND EXPENSES OF LINES EAST OF PITTSBURG AND ERIE.
1804.
1896.
1895.
E a r n in g t —
$
$
$
F re ig h t....................................
40,412,551
•13,500,713
45,922,018
P a ss e n g e r...............................
14,399,313
14,483,523
14,621,922
1 ,1 9 8 ,2 9 3
E x p re s s ...................................
1,445,070
1,517,043
M a d s.........................................
1,408,758
1,421,438
1.417,783
M iscellan eo u s........................
432,714
429,647
7 3 9 ,2 6 0
R e n ts........................................
552,162
2 5 8 ,4 6 9
441,328
287,641
D elaw are St R a rita n Canal.
260,882
274,438
T o ta l e a rn in g s..........

62,036,503

64,627,179

M ain, of w ay and s tr u c t’s ..
“
of e q u ip m e n t............
T ra n sp o rta tio n ......................
G e n e ra l....................................
Del. & R a rita n C a n al..........

7,522,385
9,572,569
24,697,542
1,373,986
292,845

7,993,885
9,555,886
25,300,941
1,351,078
308,865

6,591,735
8,356,282
23,913,128
1,202,278
300,323

T o ta l e x p e n se s................
N et e a rn in g s ....... .
.......
P . ot. op. exp. to e a rn in g s..

43,459,327
18,637,176
69'99

44,510,656
20,116,523
68-87

40,363,747
18,340,537
68'76

E x p en ses—

6 8 ,7 0 4 ,2 8 4

O E N E R A L INCO M E ACCOUNT.

R e c e ip ts —

N et earnings, as ab o v e........
In t. on P a.R R .in v estm en ts
I n t. on U nited N. J . RR . St
Ganal se c u ritie s...............
B en ts of U nited N .J . RR,
In t. for use of e q u ip m e n t..
In te re s t, g en eral a c c o u n t..
M iscellaneous........................
T o ta l................................

1896.
$
18,637,176
4,615,433

1895.
$

1894.
$

20,116,522
4,353,987

18,340,537
4,619,394

257,100

320,435
j
335,634
54,180
93,198

33^,340
120,032

214,589
311,422
326,382
41,409

24,056,057

25,179,983

23,853,733

Bal. to cr. of profit & lo ss.
Add profit a n d loss J a n . 1 ..
C harged off iu ad ju stm en t
of Un. N. J . R R.. e t o ___
D educt in t. on bonds ao s’d
to J a n ., '96, n o t m a tu red ,
less a m t due from in v est.
Am t ch arg ed off for se c u ri­
ties an d su n d ry a c c o u n ts.
Bal. to profit & loss D ec.31.

2,159,297

1,895,962

2,110,372

7,231,824
6,465,123

8,634,470
6,465,014

7,359,748
6,464,647

766,701
23,553,470

2,169,459
23,155,632

895,101
26,478,151

24,320,171

25,325,091

27,373,250
4,217,620

826,537
167,848

945,033

167,848
24,152,323

1,771,621
23,553,470

4,217,620
23,155,630

*In 1895 includes a ll t a x e s ; in 1891 only ta x e s p aid S tate of P e n n ­
sylvania on stoolts a u d bonds, i In clu d ed in earnings.
GENERAL BALANCE SHEET DECEMBER 31.
A s s e ts —
1896.
1895.
1894.
C o n stru c 'n ,eq u ip ’t,& c.,R R .
$
$
$
betw een Pliila. & P itts li.. 121,075,946 118,402,331 117,658,072
Cost of bonds of R a ilro ad s.
31,901,615
33,623,956
34,017,112
C ostof atooksof R ailro ad s.
74,392,584 73,713,702
73,272,969
Cost of bonds an d sto ck s of
10,653,666
10,693,248
o ther c o rp o ra tio n s............
11,695,575
T rust of Oct. 9 ,1 8 7 8 ..........
4,582,108
4,495,191
4,420,850
Penu. RR. consol, m o rt.......
3,892,000
3,567,820
3,243,040
In su ra n c e f u n d ......................
10,000
10.000
1 0 ,0 0 0
M ortgage a u d gro u n d re n ts
45,000
103,000
104,450
Casli to redeem Al. Vat. lids.
. .......
2,095,307
S ecu ritie s of U. N. J . Cos.
3,283,462
3,283,-161
3,283,460
M aterials on h a n d ................
2,850,389
3,021,431
2,377,609
A dvances to o th e r C o's for
const'll a n d o th e r p u rp o s ’s
4,263,022
7,183,600
5,147,081
Bills re c e iv a b le .....................
428,877
565,115
230,616
C a s h ',...’. ................................
10,655,552
12,691,683
9,021,283
4,724,151
4,810,963
M iscellaneous........................
3,485,811
T o ta l ..........................

278,265,808

267,987,928

129,303,150 129,301,550
F unded d e b t..........................
83,655,839
83,055,840
M ortgs. an d g ro u u d r e n ts ..
4,288,071
4,003,071
H ar. P t. Mt. J . & Lan.
stock g u a r ............................
1,182,550
1,182,550
Do.
bonds g u a r.........
700,000
700 000
T raf. b a l’s due o th e r ro ad s.
2,179,321
899|203
P ay m en ts for leased e q u ip .
563,500
483.000
Pay-rolls an d v o u ch ers.......
4,556,495
6,233,450
Dividends an d in t. u n p a id .
72,98-1
101,412
S undry accts. due oth. roads
8,505,269
9,374,749
Duo em ployes’saving fund..
64,434
80,997
“ re lie f f u n d .....................
463,368
309,792
“ in su ran ce f u n d .............
70,254
65,227
M isc e lla n e o u s.......................
708,820
981,359
Secur.of Un. N. J . Co's tran s.
w ith th e l e a s e ....................
3,283,462
3,283,461
Fund fo rp u r. of secur. guar.
(tr. of Oct, 9, 1 878)...........
4,655,450
4,582,408
T rustee of consol, u io rt.......
51,647
411,882
Con. M. bonds sink. fu n d ...
5,664,580
5,339,800
A ll'y v . Ry. redem p. ao o t...
.............
2,095,307
In t. acc’d P enn. E ft. bonds.
1,637,277
1,637,277
B alance to profit an d lo ss ..
24,152,323
23,553,470

129,298,200
78,805,840
3,950,396

L ia b ilitie s C a p ita l s to c k ........................

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

275,759,302

275,759,302

278,265,808

1,182,550
700,000
597.987
402,500
4,965,002
149,772
10,203,314
60,008
468,686
63,716
870,682
3,283,460
4,495,191
319,971
5,015,020
23,155,632
267,987,928

* In clu d es cash to p ay coupons, cash in h a n d of tr e a s u r e r a n d w ith
ag en ts, an d am o u n t to p a y St. L. V. & T. H. bonds.—V. 64, p. 331.

Mexican Central Railway.
( P r e lim in a r y S ta te m e n t f o r 1896.^

The approximate results for 1896, compared with previous
years, are given below.
EARNINGS, EXPENSES AND CHARGES.

1896.
•S

G ross e a rn in g s................. 10,208,020
O p e raiin g ex p en ees........ 6,744,273

1894.
1895.
$
9
9,495,865 8,426,025
5,599,390 5,459,675

1893.
9

7,981,763
5,136,181

Net earn in g s (Vfex.C’y) 3,463,747 3,898,475 2,966,350 2,845,582
A verage ra te received for
M exican d o llars.............
53*17o.
52-950.
51-87c.
00'02o.
Net earnings eq u iv alen t
in U. 8. c u rre n c y .......... 1,841,515 2,063,156 1,538,693 1,764,823
D ebit balance of m iscel.
item s—1890 estim ated .
4,500
21,809
45,989
16,387
Bal. for fixed c h a r g e s .... 1,837,015 2,041,347
Fixed c h a rg e s................... 2,322,640 2,306,600

1,492,704
2,306,988

1,748,436
2,226,962

D eficit for y e a r .............
485,625
265,252
814,184
478,526
A m ount w ithdraw n from
subsidy tr u s t f u n d ___
300,000
500,000
275,000
750,000
B alance of subsidy tr u s t
fund Deo. 3 1 .................. 3,250,644 3,377,120 3,570,585 4,027,522
To cover defloit for th e y ear only $300,000 w ere w ith d raw n from
the tr u s t fund in 1896; th e b alance will be w ith d raw n In 1897
—V. 63, p. 968.

1 H E C H R O N JC L E .

468

Lehigh Jt Wllkesbarre t'ofil—Central UK. of New Jersey.
f R e p o r t f o r t h e y e a r e n d i n g D e c . 8t, 1890.,/
soarre
file
t WftfcrtbMT** Coal Company, io which the
Central RE i»f X«w Jersey is largely increased, recently
Jersey
$
fH«i a report tar th e . ir ending November 1, 1898, with the
Auditor Unmoral of Pennsylvania. A copy of this report,
til. .1 for taxation purposes | was published by a
w h ie
Sunday. The same paper also published a
daily
coat | ison between these figures and those in the company’s
last i die rep, rt, that for the year ending Dec. 31, 1893,
ring that such a comparison was likely to be entirely
Min
mg, we applied to President Maxwell for corrected
n tis ir
and have received the statement quoted below.
Before giving it. however, we present the following expla­
nation made by President Maxwell through the daily press
on Monday: “ The statement of the Lehigh & Wilkesbarre
C .ati Oo., published in one of yesterday’s papers, was for a
N
pvrn d covering the lowest sales of coal for the last part of
)s«5 and the early part of 1898. Since then the prices of
coal have been better, and for the last six or eight months the
Lehigh & Wilkesbarre Coal Company has been earning
enough to fully pay all its fixed charges, and with reasonable
improvement in business it would earn a considerable sur­
plus. The bonded debt of the company- is nearly all bear­
ing 7 ]vr cent interest and will mature in the next few years,
when it will be refunded at a lower rate of interest, thus
making a large saving to the company,
' ‘The unpaid coupons held by the Central HR. Co. of New
Jersey, and which have b-eu stated each year in the annual
reports in pr- cicely the same form as now, will be funded
at the same time.
“ The I, high & Wilkesbarre Coal Co. has a very large coal
estate, second in importance only to that of the Philadelphia
& Reading Co,, and is capable of continuing its present out­
put for the next century or two.”
[ In connecdon with the above statement, the followingfrom
the report of the Lehigh Coal & Navigation Co. for the year
ending Dec. 31, 1890, is of interest: “ The profit from the coal
operations » as nearly all made in the last six months of the
year. Previous to that time the market was sullering from the
extremely low prices caused by the unnatural competition and
exettsiv.- production in 1895."—EDS.]
The official statement above referred to is as follows :
“ The results for the calendar year 1896 compare with the
results of 1893 as follows. [We have added the years 1890 and
1892,—EPS ] :
1896.
1893.
T ea r en d in g Dec. 3 1 —
$
$
B a le s o f c o a l . ............
i c o o . t 4 7 1 1 0 .7 7 6 ,7 6 7
.
..........)
M 1 M
3 1 1 ,1 4 4

1892.
$
0 ,2 2 6 ,1 5 0
2 8 0 ,6 7 2

T o t a l g r o s s ................... 8 .3 8 5 ,4 1 7 1 1 ,0 8 8 ,2 1 1
M in in g e x p e n s e s . 4 to .. . . 7 ,7 7 9 , 8 6 0 1 ,,
so i
« e w t u u u e l s , o p e n ’g » ,A c .
8 1 , 2 7 9 ) H.0 5 ~ .5 « l

6 ,5 0 6 ,3 2 2 8 ,5 1 6 ,7 1 6
. ook --t-m i a s s
5 , 2 3 5 , 3 . 6 7 ,6 8 8 ,8 0 3

N e t e a r n i n g s .................
F lx*< l c h a r g - s .....................
D e d u c t e d f r o m t h e vainatton o f c o a l la n d s a n il
Im p ro v t-m e c ts a . a d e ­
p r e c i a t i o n c h a r g e to b o
p a i d I n to t h e s i n k i n g
f u n d , to n e* ,a ta a to n o h
c o a l m in e d d a r in g th e
y e a r , a m o u n t i n g t o ___

1 ,2 7 1 ,4 9 6

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

1 ,4 3 5 ,6 3 0

9 8 6 ,6 0 1

9 7 2 ,7 1 2

1890.
$
8 ,1 8 1 ,0 3 9
3 3 5 ,8 7 7

8 2 7 ,9 1 3

9 6 3 ,1 3 4

2 2 7 ,6 6 2

D e f ic it o r a n r .in o lo il­
in g *ii.ii n iv funds ........ d f f . 4 1 8 ,9 7 9 s n r .4 4 9 ,0 2 9 u u r .2 9 8 ,7 8 4 d f ! 3 5 ,2 2 ]
© e l i c i t I n 1 8 9 6 taelnrti n g s lo k ln v f u n d s dod u c t* i! a * a b o v e s t a t e d . 2 2 1 , 3 1 7
I n t e r e s t g o l d o n c o n s o ls ,
t e l 1 b y C c iit.K B .o f N . J .......................
4 2 8 ,1 2 0
2 9 8 ,1 5 5
............. .

[V o l , L X I V .

“ The fixed charges of the C entral R a ilro a d C om pany o f
J e r s e y will also be reduced through the issue of us gen­
eral mortgage bonds, held by the trustees, for $2,800,000,
bonds bearing 6 per cent interest that mature this year. Li
addition thereto $4,000,000 of 7 per cent and $100,000 6 per
cent bonds will mature in L899, for which general mortgage
bonds have been reserved and held by the trustees, and can
be issued at either 4 or 5 p r cent, as the oonpaoy mar de­
termine,"—V. 02, p. 884; V. 64, p, 283,
N ew

Lnuisfille Railway,
fS ta te m e n t f o r ye a r en d in g Dec. S I, 1896.J

President J. B Speed in hia verbal report to the stockhold­
ers said in substance :
E quipm ent with Trolley . —Tins b u s i n e s s o f t i l e s y s t e m h a s s u f f e r e d ,
o w in g to t h e g e n e r a l d e p r e s s i o n in b u s i n e s s , b u t I t is b o o e d t h a t w ith
th n r e v i v a l o f t r a d e y o u r e a r n i n g * w ill i n c r e a s e a n d e n a b l e t h e m a n ­
a g e m e n t to c a r r y o u t th e p la n o f c o m p le tin g th e e le c tr ic a l e q u ip m e n t
o f t h e w h o le s y s t e m a t a n e a r l y d a t e . 4 s s o o n a s tile, w e a t h e r w ill
p e r m i t it. is p r o p o s e d to b e g i n t h i s w o r k . T h e m i l e a g e o f i k e c o m p a n y
is 1 4 5 m i le s o f t r a c k , o f w h ic h L td tu l le s h a v e b e e n c o n v e r t e d i n t o
t r o l l e y r o a d s , l e a v i n r t h i r t y m i le s s t i l l o p e r a t e d b v a n i m a t p o w e r .
D u r i n g ti i e y e a r t e n m i le s h a v e b e e n e q u i p p e d w i t h e l e c t r i c i t y .
C o n s i d e r a b l e c h a n g e s h a v e b e e n m a d e a t t h e ( to w e r s t a t i o n , a n d w e
n o w h a v e a c o n s i d e r a b l e s u r p l u s o f p o w e r am .I a t h o r o u g h l y m o d e m
a n d w e li - e q n ip p e d s t a t i o n .
Question o f Conductors. —T h e e h a s b e e l s o m e d i s c u s s i o n r e c e n t l y i n
r e g a r d to t h e o p e r a t i o n o f t h e s y s t e m w i t h o u t c o n d u c t o r s . r i t e r e is o n
f o r th i s lie s l a t h e f a c t t h a t t h e a r e a c o v e r e d b v Hi-- o il y is s o l a r g e f o r
U s p o p u la tio n t h a t th e tra ffic m e a s u r e d by t h e m ile a g e Is e x c e e d in g ly
li g h t . I n o r d e r to g iv e a s e r v i c e a t a l l e l l t a i e u t I t w a s n e c e s s a r y to
u s e s h o r t f o u r te e n a n il s i x t .e n - f u o t o m w -e e M e a r s w ith o n e m o to r
a n d o n e m a n , a s e o m p a r e d w i t h e i g h t e e n to t h i r t y - f o o t s i d e o r lo n g ­
i t u d i n a l s e a t o u r s e m p lo y e d i n o t h e r O k ie s w i t h t w o m o t o r s a n d tw o
m e n . T h i s a r r a n g e m e n t e n a b l e s u s to o p e r a t e o u r o a r s a t s h o r t
i n t e r v a l s , a n d w i t h le s s c r o w d in g o f p a s s e n g e r s t h a n p r e v a i l s i n o t h e r
p la c e s . W e e m p lo y a l a r g e r n u m b e r o f c a r s In p r o p o r t i o n t o p o p u l a t i o n
a n d p a s s e n g e r s t h a n a n y t h e r e ic y i n t h e c o u n t r y .
O u r e a r n in g s fo r
t h e p - i s t y e a r w e r e 1 5 c e u t s p e r o a r m i le a s c o m p a r e d w i t h 2 1 c e n t s i n
B u ffa lo , 2 9 o c d ’ s in C h ic a g o , 3 8 ‘a c e n t s i n B o s to n , l o t s c e n t s i n C o lu m ­
b u s , 2 n % c e u t s in M in n e a p o lis a n d 2 3 8 s c e n t s in S t. L o u is .
T h e r e a r e s o m e o f o u r iiu e s w h io h c a n b e c h a n g e d i n t o c o n d u c t o r
l i n e s w i t h o u t i n j u r y to t h e s e r v i c e , a u d s t e p s i u t h i s d i r e c t i o n w i l l b e
in a u g u r a te d a s so o n a s p ra o iio a b le .
T ransfers.—We h a v e w i t h o u t q u e s t i o n t h e m o s t c o m p l e t e t r a n s f e r
s y s te m in th e c o u n tr y . T h e re a r e a b o u t n in e ty d iffe re n t tr a n s f e r s .
Im provem ents.— T h e c o m p a n y s i n c e 1 8 8 9 h a s e x p e n d e d I n t h e c o n ­
s t r u c t i o n o t i t s e l e c t r i c a l e q u i p m e n t t h e s u m o f $ 2 , 1 8 7 .8 0 4 , a n d i n a d ­
d i t i o n to t h i s h a s e x p e n d e d o n t r a c k w o r k t h e s u m o f $ 5 0 2 ,8 4 7 . .4.
c o n s i d e r a b l e p o r t i o n o f i t s lin e s i s n o w l a i d w i t h h e a v y g i r d e r r a i l
w e ig h i n g 9 5 p o u n d s to t h e y a r d . T h e c o m p l e t i o n o f t h i s w o r k , s e c u r ­
in g r a p i d t r a n s i t o a e v e r y li n e , is o f m o r e i m p o r t a n c e to t h e p tib lio
th a n a n y c o n s id e ra b le c h a n g e in th e s y s te m o f o p e r a tin g th e ro a d .
Securities R etd in L ruw vU e.—'T h e s e o n t i i i e s o f t h e c o m p a n y h a v e
g ra d u a lly b e e n a c q u ire d b y o u r o w n c itiz e n s u n til n e a rly th r e e - f o u r th s
o f a l l t h e b o n d s a n d s t o c k a r e h e l d i u L o u i s v i lle .

Results for three years have been as follows :
BABNINOS, EXPENSES, ETC.
T ear end. Dec. 3 1 G r o s s e a r n i n g s .............
O p e ra tin g o x p e n s e s ..

1896.
,$ 1 ,2 3 4 ,5 2 6
.
0 2 8 ,5 3 8

1895.
$ 1 ,2 8 8 ,1 7 2
6 7 2 ,0 8 0

1894.
$ 1 ,1 7 8 ,7 8 9
6 3 3 ,2 0 6

N e t e a r n i n g s __________

.

$ 6 0 5 ,9 8 8

$ 6 1 0 ,0 9 2

$ 5 4 3 ,5 8 3

I n t e r e s t ......................... ...........
T a x e s ................................... .......
D i v id e n d s o n p r e f e r r e d .
D iv id e n d s o n c o m m o n . . .
I m p r o v e m e n t s , e t c .............

.

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

$ 3 1 1 ,7 6 0
•17,606
1 0 0 ,0 0 0

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

$ 4 5 9 ,3 6 6
$ 1 8 6 ,7 Z 6

$ 4 5 5 ,7 9 9
$ 8 7 ,7 8 4

Deduct—

T o t a l ...............
B a la n c e , s u rp lu s .
—V . 6 2 , p , 9 9 0 .

.
.

100,000
4 0 ,0 0 0

.

$ 6 0 3 ,0 6 0
$ 2 ,9 2 8

Terre Haute & Indianapolis Railroad.
( R eport fo r the year en d in g October 31, 1896.)

President MeCrea, in the annual report, furnished a de­
tailed explanation as to the causes which have produced the
change in the company’s position. The loss from oparating
“ During the first gis months of the fiscal year, owing ti the leased lines, he shows, has increased from $15,070 for the
the prevailing low pric for coal, the business resulted in t year ending Oct. 31, 1892, to $310,025 for the year ending Oot,
I*-*-, but for tne six months ending December there was i 31, 1895. The loss of $1,581,172 through the failure of Ives &
■arplua ov.-r fixed charges and provision for the sinking fund Co. in 1887 and the settlement of accounts in 1890 with the
"Hiccc 1893 there be? been paid off $1,374,813 of fimdei St. Louis Vandaiia & Terre Haute and Pittsburg Cincinnati
< -ht ai d purchase nudity mortgagee, during which perioc Chicago & St.. Liui*!, which called for cash pay meats aggre­
}<
u,! fionliug and w her tndebtedhwi has increased §1,239,030.
gating over $420,006 and the giving of asari'-sof notes for
»tab H nt of the indebtedness of the com $657,688 maturing monthly in 1891 and 1392, necessitated
i
part d with 1893:
economies in operation which have since required an abnor­
1896.
mal outlay to plaoe the property in a condition to meet the
1803.
............................... $ 1 5 ,0 7 9 ,0 0 0
$10,326,50
strong competition to whioh it is subjected.
.................................
2 ,3 5 3 ,0 0 0
2,353,(10
L e a s e d L i n e s .—Regarding the leased lines President MeCrea
- .............................................
1 0 .0 0 0
1 3 7 ,3 1
h e ld by
says the Josses have been :
B a l a n c e ............................

’
..............

is u r.2 0 ,9 0 9

J ..............................

s u r .6 2 9 dIf .1 3 5 ,2 2 :

5 ,4 7 2 ,5 5 2

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

3,400,224

.................- .............

3 ,2 3 6 ,9 0 0

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

-ther indebtedness is compose.
...... . . . . . . . .
n a c c ru a l o f book c h a rg e s eo v
a n d c o v e re d in to j

I&U3 to 1898 the company ha
r>ertyt new breakers, and mad<
iture business. which have beei
iftarly one million of dollars*
CK bearing 8 per cent interee
d)
year and $189,000 in 1898. Th

fie&j*

Xoae

bearing 7 per cent interest all mt
ither hoods outstanding bearin
t. The refunding of the indebted
I t h e C n o p o n y ( n o w b -armg over 5 p. ot.) at that figuri
M
?r wit ti the payment of the sterling bonds ouistam:
emld r«'suit in a ft&vim >of nearly $150,000 per annum.

Leased lin ts no#.
8 t. L -V . A T . H ......... ....H . 481,917
T . H . S I , . 111!................... I*, li .»')*
t. & L . M R v ...............« M U t
T. H . .% p . n i t .................b . n"i.-i(M

I88R.
L.*?0,S2H
L (8.011(3
L, « 5 ,« 8
t.. a n .u a

l8W .
L . $34,3(19
L. * i.S 3 t
b . S3,lots
r,. i o j .oho

ISM ,
is o s .
L. *«.M 5 P.fUO.975
!,.
W.-ifH h. S.OSO
!.,.
H .S87 L . 17,043
( , . 102, 11*
... ....

St. Louis VnnriuUu it} Terre H oule lift. —T h e lo u s e li r e b e e n a m o s t
v a l u a b l e o n e , (ill t h i t t e s e n u k h l e r e d , to t h e t’, a . & I. H R , 00 . P r o m
1 8 0 3 to 1 S'*5 , in c lu - iv o , t h e lo s s e s f r o m o p e r a t i o n a m o u n t e d to
$ 1 1 3 ,3 3 3 ; b u t , a - p r i o r t o 1 8 9 3 , t h e lo s s e s w e r e m a d e u p t h r o u g h t.lie
b u s in e s s .'.o n tr o ile d . T h e e x p e n s e s w o r e l a r g e l y i n c r e a s e d d u r i n g
t h e s e y e a r s o w in g t o e i c p e n m t a p e a t o r e s t o r e t h e t r a c k a id m o t iv e
p o w e r a m i f o r o t h e r p u r p o s e s . T h e r e is , h o w e v e r , g r a v e d o u b t i f i t
w ill h e p o s s ib le t o o p e r a t e t h e li n e W ith d i r e c t p r o f i t '*> y o u r c o m p a n y
on th e b a s ts o f a r e n t a l o f 3 0 p e r c e n t o f th e d ro s s re c e ip ts . T h r o u g h ­
o u t t h e c o u n t r y lo w e r r a l e s h a v e r a i s e d t h e o p e r a t i n g p e r c e n t a g e
a b o v o 7 0 p » r c e n t . [ T h e r e m a r k s to u c h i n g t h e o t h e r le a s e s a r e g iv e n
b e lo w i n t h e s e p a r a t e s t a t e m e n t f o r e a c h c o m p a n y , J
i f i t h a d n o t b e e n to t t h e lo s s e s o n t h e T e r re H a u t e & P e o r i a a n d
I . ( lia n a & L a k e M ic h ig a n lin e s , t h e d iv i d e n d s o f 1 8 4 3 c o u l d k a y o
.
b e e n p a t h a n d l e f t a s u r p l u s o f $ 2 ( .1 3 7 , I n s t e a d o t » d e f i e d o f $ 9 3 , 0 9 8 .
In 1 8 9 4 t h e r e w o u ld h a v e b o o n a f u ll d iv i d o u d a n d a s u r p l u s o f
$ 2 2 ,8 7 5 . I n s t e a d o f o n e s e m i - a n n u a l d i v i d e n d a n d a d e f i c i t ot: .$ 5 0 ,3 1 4 .
I n 1895 a 6 p e r c e n t d iv id e n d w o d d h a v e s h o w n a d e fic it o f $ 8 0 ,3 6 6 ,
b u t t h e t r e a s u r y r e s e r v e s h o u l d h a v e b e e n a m p l e t o p a y ic.

TH E

MABOH 6, 1897.]

C H R O N IC L E ,

C hanges in B a la n ce S h e e t. —The balance sheet of Oct. 31,
1896, shows material changes compared w ith the previous
years. These changes are explained as follows :
The fixed asset9 are in creased by in cluding the sum of $165,185,
rep re sen tin g th e n o n -tran sfe rab ’e one-fifth ow nership of y o u r co m ­
p an y in the In d ianapolis U nion Ry. Go. The value of d eferred assets
h a s been reduced b y placing th e item s of b etterm en ts to le a s e ! lines
a t a n o m inal value. T his w as also done w ith t h 3 stock h eld by your
oom pany in th e T. H. A P., T. H. & L. an d I. A L. M. com panies, and
th e p rice of St. L. V. A T. H. p refe rred stock was red u ced from $125
p e r sh a re to p a r ($100), w hile th e v alue of th e c o m n o u stock w as
p laced a t $10 p e r sh are in stead of $20. A ll these changes seemed
n ecessary in o rd er to p resen t a tr u e s ta te m e n t of affairs.
In th e c u rre n t liabilities a p p e irs an item of $220,522 for looom otive
tr u s t obligations, w hile am ong th e c u rre n t assets ap p ears locom otives
covered by tru s t. T. ET. A I. HR. Go.. $90,205, St. L V. A T. H. RR.
Co., $130,317. T hese item s re p re se n t th e p u rch ase of 22 fre ig h t
locom otives of m odern ty p e, w hich w ere to be p aid for in m onthly
in sta lm e n ts of $5,000, covering a p eriod of four years.
T he red u ctio n of c u rre n t assets of $187,939 is due to a d im in u tio n
of th e cash on h an d an d cash assets to th e a m o u n t of $322,315, w hich
is p a rtia lly offset by a d ecrease ia th e am ount of bills p ay ab le and
am o u n ts due to o th er com panies am ounting to $131,376.

R e c e iv e r sh ip .—As to the receivership the report says :
E a rlv in th e y e a r i t becam e a p p a re n t th a t th e rev en u es w ould n o t
b e sufficient to m e e t th e obligations of the leases; in fact, n o t enough
to p rovide fo r tax es, re n ta ls, in te re st, etc.; th a t large e x p e n d itu re s
w ere n ecessary to place th e m ain line in a condition to do business
econom ically; th a t sev eral h u n d red th o u sa n d dollars of floating d eb t
w as p ressin g fo r p ay m eat. A d efau lt in in te re s t oeourred on the
bon d s of th e leased lines, and on application of th e bond h o ld ers of
th e T erre H a u te A Peoria RR. Co., on Nov. 13, th e C ourt, w ith full
acquiescence of y o u r rep re sen tativ es, app o in ted Mr. V. T. M alott, of
In d ian ap o lis, th e receiv er of y o u r p roperty. Mr. M alott is P re sid en t
of th e la d U n i N ational Bank, a geptlem an of large railw ay e x p e ri­
ence, and your p ro p erty could n o t be In b e tte r hands.

467

Terre Haute & Logauspirt Railroad.
( R e p o r t f o r y e a r e n d in g Oct. Sly 1896.J

The report of the Terre Hiute & Indianapolis RR. Co. gives
the following facts regarding this road, which was leased by it
at a rental of 25 par cent of gross receipts. Out of this rental
was to be deducted taxes, rentals aud interest.
The T e r re H a u te <£ L o g a n s p o r t lease h a s n e v e r been d ire c tly p rofit­
able to vour oom pany. T he to ta l losses fr3in 1880 to 1995, inclusive,
ag gregate $1,113,771, to w hich m u st be added th e ad v an ce s fo r
b etterm en ts, $430,658 [$768,643 less $337,935 re p aid .—E 09.] As th e
T. H. A I. RR. Co. ow ns four-fifths of th e stock, au d th e rem ain in g
one-fifth can n o t receive a n y of th e su rp lu s o ut of th e 25 p e r oent
ren tal u n til the d e b t for b e tte rm e n ts ($430,653) h as been paid, i t m ay
be said th a t th e lease p ra c tic a lly consists of a g u a ra n ty of th e i n t e r ­
est on th e bonds. On th is basis th e ro ad w as alm o st se lf-su stain in g
betw een th e y ears 18 99 a n d 1894, inclusive. W hether th e in d ire c t
benefits received from the o p e ra tio n of th is lin e h av e co m p en sated
for the d irect losses is diffloult to determ ine. T he fallin g oft in e a rn ­
ings and consequent in c re a se in los3 w as due aim >st en tire ly to b u si­
ness depression.
e t c ., h a v e b e a n :
Y e a r e n d i n g Oct. 31—
1896.
1895.
1894.
1893.
’ons of freig h t carrie d .
___ 561,309 655.430 619,163 690,895
la te per ton p er m ile _
_
*75 cts. •725 cts. *702 cts.
E a r n in g s s
$
$
$
175,549 159,779 179,462
4*0,018 465,031 527,102
25,082
25,007
24,398
630,649

O p e r a tin g e x p e n s e s -

s---- 110,858

P h y sic a l C o n d itio n .— The condition of the property Nov. 1,
T otal o p eratin g expenses. ...5 1 4 ,1 9 2

1895. and the improvements since made were :
On th e m iin lia e division th ere w as a large n u m b er of bridges n o t
ad ap ted to th e m o d em oar and Us load. Of th e 238 m iles betw een
In d ian ap o lis an d 8t. Louis 54 p er cen t w as laid w ith steel of six ty
pounds to th e y ard w eight, both lig h t in w eight an d m any y e a rs in
use. F ifty m iles w ere badly in n eed of b allast, an d of the to tal fo u r­
teen ra ilro a d crossings b u t tw o w ere p rovided w ith in terlocking
m achines. The looom otive eq u ip m en t of th e m ain line consisted of
one h u n d red an d tw o loco m o tives— irtv -fo u r, o r o ne-third of w hich,
th
w ere o v er tw e n ty y ears in service; th irty -fo u r betw eeu te n and
tw e n ty y ears, a n d th irty -tw o less th a n te n years, tw o n u m b ers being
v a c a n t T h ere w ere b u t tw en ty -six engines In th e eq u ip m en t w hich
ca rrie d m ore th a n one h u n d red and fo rty pounds steam p ressu re
An in terlo c k in g p la n t w as p u t up a t G reenup, th e crossing of the
P . D. A E. The w ork of o v erhauling the bridges com m enced in p re ­
vious y ears w as contin u ed . About 5,000 feet, o r 50 p e r cen t, of th e
tre stle b ridges receiv ed new tops, and ab o u t 2,234 feet, or 22 per
cen t, receiv ed new piling. About tw e n ty -th re e m iles of new steel
w eighing eighty-five p ounds to the y ard w ere laid.
Tlie necessary b a lla s t w as p u t tinder tb e track. T w enty-tw o m o d e r n
fre ig h t engines w ere p urchased for use on th e m ain line to ta k e t h e
place of a like n u m b er of o i l engines. T he sh >ps a t Terre H aute
w ere rem odeled. T he p u rch ase of the eagines h as so far fu lly j u s t i f i e d
th e ex p ectatio n s, th e averag e tra m load on th e m ain line h a v i n g
Increased some 27 p e r cen t.

E a r n in g s f E tc —The T. H. & !• proper shows :
1896.
1895.
1394.
1893.
Tons c a r r i e d ........................1,652,032 1,681,104 1,491,872 1,730,886
R a te per to n p e r m ile ....... *873 cts.
■854 cts.
.90 cts.
■892 cts.
E a r n in g *—
$
$
$
$
P assen g er e a rn in g s........... 312,332
305.587
290,076
343,239
F re ig h t................................... 750,365
777,467
691,299
825,135
E x p ress, m all, e t c . ............. 150,876
153,473
148,601
139,032
T otal e a rn in g s..............1,213,573

1.236,527

O p e r a tin g e x p en se s—

1,129,976

Main, of way aud s tr u c ... 167,406
Main, of eq u ip m en t........... 22«,r,9 l
Cond. tr a n s p o r ta tio n ....... 518,641
G eneral ex p en ses..............
51,990
T a x e s.....................................
52,753

1 22,237)
189,991 > 729,328
5 6 0 ,1 1 0 )
32,739
33,147
45,332
54,866

T o tal oper. ex p en ses.. 1,016,882
N et e a rn in g s........................ 196,691

959,942
276,585

A dd —

From in v e stm e n ts..............

807,857
322,119

1,307,406
917,998
30,222
40,847
989,067
318,339

12

6,173

5,645

11,050

I n te re s t on b o n d s................ 125,000
Loss on leased lin e s .......... 279,797
D ividends...............................................

125,000
210,025

125,000
193,333
59,644

141,000
162,158
119,289

52,265

50,214

93,098

Deduct—

B alance, d eficit............

208,094

In c o m e n ot in c lu d e d a b o v e —

8fc. L .V an d alii &T. H.divs.
22,820
22,320
2 2,820
—
In d ian ap o lis Un. Ry. divs.
24,00 J
20,000
Of th e 1,652,032 to n s c arrie d ia 1396 bitum inous c ia l co n trib u te d
444,298 to n s (ag ain st 429,211 in 189 > an d 399,816 in 1393); products
of ag ricu ltu re 348,950 tons, a g a in st 321,373 In 1895; m an u factu re s
471,407, a g a in st 546,143.

The balance sheet is as follows:
A s s e ts —

BALANCE S H E E T

OCT. 31, 1896.
L ia b ilitie s —

Cost of road, eq u ip .etc. ?3,806,694 C apital stock..........
$1,988,150
One-fifth int. in Indpls.
Funded debt
2,500,090
Un. Ry. Co....................
166,185 A ccounts c u r r e n t .......
419,212
197,329 Bills p a y a b le .................
Supplies on h a n d ...........
198,000
B e tte r’t s ($652,860).v alu e nominal Due o th e r com panies..
188,371
Cash .............
171,345 Coupons n o t presented.
18,020
D u e b y s ta tio n a g e n ts
185.595
Miscel. liab ilitie s. . . . . .
and co n d u cto rs...........
67,767 Car t r u s t o b lig atio n s...
127,777
Due by o th er o s . . . .
311,242 L ocom otive tr u s t obli­
Due on m iscel. a c o ts ..
114,482
220,522
gations ..........................
Car and locom. t r u s t s ..
34H.299
R B. Thom pson, tre a s.
8,476
S e c u ritie s o w n e d ............

585,719

558,493 513,593 5 85,719
122,146 136,724 145,243
170,152 162,955 182,741

48,006
26,231
37,493
The decrease of $84,307, o r 17-56 p e r c e n t, in e a rn in g s from fre ig h t,
was m ade up of $53,569 from local fre ig h t an d $30,738 from fo reig n
freight. The decrease from local fre ig h t was largely due to th e s trik e
of th e coal m iners in the bitum inous m inas. w hich oom m enoed M ay 1,
an d continued th ro u g h o u t th e flsoal year. D uring th e tim e n o t one
ca r of coal w as m ined on th e T. II. A L. RR., a n d th e loss of re v e n u e
from th is souroe was $32,236 as oom pared w ith the previous y ear.
A verage r a te p e r ton p e r m ile in 1896 w as *699 oents, a g a in st *702
cents In 1893.—V. 64, p. 374.

Terre Haute & Peoria Railroad.
("R eport f o r y e a r e n d in g Oct. S I, 1896.J
The report of the Terre Haute & Iudianapolis RR. Co. says:
The T erre U n ite < P e o r ia lease h a s n e v e r been d ire c tly profitable,
*
and It Is d o u b tfu l w h eth er an y In d irect proflts h av e aoorued. The
losses u n d er th e lease to Oct. 31, 1895, h ave am o u n ted to 8277,741,
to whioh m u st be added $39,312 on aooount of b e tte rm e n t advauoes.

The earnings, etc., have been as follows ;
P assen g er............................... 88,572
F r e i g h t ......... ....................... 295,291
E xpress, m all, e tc ................ 19,697

1895.
$
100,367
323,222
21,894

1894.
$
88,811
293,457
22,647

1893.
$
93,959
300,689
21,510

T otal e a rn in g s................ .403,559
M alnt. of w ay and stru o . . . . 88,204
M aintenance of e q u ip m e n t. 50,172
C onducting tr a n s p o r ta tio n .235,957
G eneral e x p e n s e s ................... 10,561

445,483
88,815
54,785
223,535
10,802

404,915

416,157

393,070

393,468

T otal e x p e n s e s.............. 384,896
N et earn in g s ......................... 18,663
R ental from le s se e .............. 12 i;0 6 8

377,939
67,544
133,645

393,070
11,845
121,475

393,468
22,689
124,847

1896.
$

j

Loss to le sse e .................. .102,405
109,630
66,101
102,158
A verage ra te p e r ton p e r m ile -715 ce n ts in 1896, a g a in s t '9 o ents In
1893.—V. 63, p. 924; V. 63, p. 924.
9

Indiana & Lake Michigan Railway.
( R e p o r t fo r th e y e a r e n d in g O ct. 31, 1896.J
The report of the Terre Haute & Indianapolis Co. gives

the following facts :

The I n d ia n a & L a k e M ic h ig a n lease Is. for th e reason th a t th e T. H.
A I. RR. Oo. ow ns all of the stock, n o th in g m ore th a n a g u a ra n ty of
th e bonds, prioolpal a n d In terest. I t Is p ra c tic a lly a n ex ten sio n of
th e T. II. A L. RR. from S outh Bond to L ake M ichigan, an d can ia no
w ay benefit th e T. 3 . & I R R Oo. ex cep t th ro u g h th e business i t m ay
co n trib u te to th e T. H. & L. RR. I t w as opened ia O otober, 1890, an d
has n ev er p aid o p eratin g expenses. T he losses u n d er th e lease up to
Oct. 31, 1895, h ave been $112,047, to w hioh m u st be added th e
advances on acoount of b e tte rm e n ts, $201,219.
1896.
1895.
1894.
1893.
E a r n in g s —
$
9^76
15,748
12^472
Freight................... ! ....................
43,370
39,139
38,484
E xp ress....... ................................
3,521
2,532
3,359
Mail..............................................
3,072
3,071
3,073
Total earnings.....................
O p e r a tin g e x p e n s e s —

Maintenance of way and struc . . . 16,369
Maintenance of ex u ip m en t...
Conducting transportation... . . . . 52,222
General expenses ..................... . . . . 1,349

64,721
18,811
5,643
48,053
1,121

55,608

57,387

]
1
f 04,809
J

57,408

4 10 ,5 0 1

Bal. defle. in assets . . .

649,817 730,962

146.382 1
|
100,045
297,807 ( 513,593
14,257 J

248,325

Total operating exp en ses. . . . . 75,745
64,609
73,628
57,408
D eficit..............
9,201
21
8,908
Rental
13,902
16.180
14,346
T o ta l................... .$5,945,649
T o ta l.$ 5,845.64 from le sse e ....................
Note.—Thp car tr u s ts assets above include c a rs an d locomotive
Loss to le sse e .......................
25,088
23,103
14,367
IS r 5'?ob n tn,8t8 as f
T. H A I.. $143,10»; 9t. L. V. .V V. U
Average rate per ton per m ile 1-135 oents, against 1’225 oente in
$183,473; T H. A L.. $21,722; to ta l, $343,29 3.
1893.- V . 63, p. 1009.
Im e securities ow ned consist of :
i'7 2 2 . *Pares of P referred stock of 8t. L. V. A T. H RR. Co.
Cumberland Valley Railroad.
*“ are*
coratnm stock ($20) 8t. L V. A T . H. RR. Co.
8£are* Prfth>rred stock V. H. A P e o ria RR. Co.
("R eport f o r th e y e a r e n d in g Dec. S I, 1896. J
q '/K a p“ are* of oomm m stock r. II A P RR. Co.
E a r n in g «, E tc . — The earnings, expenses and income account
u no
com m on stock T. H. A L ogansport RR. Co.
V. oo, p. 1011,

(entire line) have been compiled for the Chronicle as follows :

468

l H E CHRONICLE.
& M tx t x o i

a j «w

m xrm

1808*
i
Ft
Ma.It* ^* j*f*#t L A c . , . . . . . . . . . . . . . . . .

1S05.

*

1891.
$

1993.
$

3 3 1 ,0 3 6
5 0 9 ,1 3 6

7 0 ,8 4 3

74,031

* 8 9 ,1 5 7 8 3 1 ,0 1 0
T f itiii * r © i c r * - . - . . . . - . ......... 5
......... 3
,6117
T t f t« § r « r tf t t} ©ft ^
* I I 5 s 2 I 4 1 4 ,7 1 6
c-f
9 5 ,4 9 9
M
1 3 2 .7 8 1
M §tIl I ims s£ita ©1
...1 7 7 ,7 7 6 :
2 3 ,2 5 0
3 4 ,2 3 3
...................................... ..
3 6 ,7 1 6

0 1 0 ,3 0 0

S 3, '2 9 1

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

i1 )40,500
2 3 9 ,5 9 7

5 7 5 ,7 5 0
2 5 5 ,8 9 0

7 1 7 ,0 1 2
2 0 2 .2 8 1

1 4 2 ,2 2 8

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

2 7 ,8 1 0
2 6 ,2 1 1
975
1 4 2 ,2 2 8

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

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

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

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

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

..,,..6 3 5 ,0 2 8
T o ta l a s j
H a l ftaiirtttiMfc.................. ........................... 8 2 6 ,7 0 7
©ft X
*
enr© «

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

n Mi n t A lto R R . , «

« p*

, ...........

* i m u i n i t o ©r
T h e I 8-1*110.#

f 1 ,6 4 0

1G , *0I
i t2 m

o f p r o f it a m i lo s s D eo . 3 1 , 1 8 9 5 .$ 5 2 1 ,9 2 2 .
h i s 08 f o l l o w s :

lhi- ACCOTOT DECEMBER 3 1 , 1 8 9 8 .
|
L iabilities.
.. *2 ,ur> 972 I First pref. afctiek. $241,900

C t a to f tv

...

O o n tlf tte :

3 8 i , t 2 t ! S i-oom i p r o f , s t o c k

6 8 .5 7 0 I C o m m o n s to c k

B m fro m
!>©«> tsfiin oilier r
O th e r m i it s .,.- ,.

...
s ..

.......

7 6 ,3 1 2 f F i r s t m r t R o n d s ............
13,3*22 i S e c o n d m o r t . b o n d s , . . .
7,56*2 | D lv id . a n d I n t e r e s t . . . . .
8 7 ,7 3 8 j 4 m l. v o tto h e r * «fc s e c t s .
( O t h e r H i O m t l e a .. . . . . . .
1 P r o t i t a n d lo s s . . . . . . . . .

T o l a ! ........ . ..........$ 2 ,7 6 0 ,6 0 6 ]
— V . ©2, p , 540*

2 4 3 ,0 0 0

1 ,2 9 2 ,950
1 6 1 ,0 0 0
1 0 9 ,5 0 0
3 7 ,6 0 7
6 2 .6 0 2
5 1 ,6 1 4
5 6 0 ,4 3 3

T o t a l l i a b i l i t i e s ......... ..$ 2 ,7 6 0 ,6 0 6

National Linseed Oil Company.
( S ta te m e n t f o r

y e a r e n d in g

D ee. S I,

18 96 , J

Contrary !o its usual custom, the company has issued no
annual report and has given out no figures relating to its
op> rations during the last year. President Euston, however,
in ids annual address to the stockholders at the meeting held
in Chicago last week said:

[V o l . LXXV

GENERAL

INVESTMENT

Reorganizations, Etc. - L a t e s t
n m iz a tio n

P la n s ,

P a y m en t

o f

D a ta

os

O v erd u e

to

NEWS.
D e fa u lt,%

C o u p o n s,

JR eor-

E tc .— A ll

facts of this nature appearing since tbe publication of the last
issues of the I nvestors' and Street R ailway Supplements
may be readily found by means of the following index. This
index does n o t include matter in to-dav’s Chronicle.
Railroads asp wisest.. Co.
Railroad andMiscel. Co’s. ( C o n . )
V o l u m e 04—
Page.
Page.
Atlantick Pacific,...__ .... m m . m $ O volum e 64.-~ k U X. .coup.181
.
ft. k O . — Pitts. k Connellsv . . . c o u p . 233 rea- Short Line 3 ) ; » .a U c o n f
2S8; n e w C o, 8
874
Butte &Boston M ? Co. s o ld . 288 Peoria Decatur A Bvmurr,/..fi r meedd., 835
inim
ar
Cape Fear &Yadkin Y u ) . . . . . f a r e d , 18 >
o
do
.
Central Ohio .. .... ..c a m . 280, 222 1 Phil. D &NewEng., r .w. .rcyo. uhpl ., 288
Head,
l
285
Central Vercttout............. f a t e d . 87$ i Q uincy O m a h a & K. C .. . . . . . . . .sale. 181
Chester & Lenoir .............. rear®, 1 8 $ I St. Clair M N &St.L.Belt.m-cr. 181
ad on
Columbus &Cin. Xld...,..eam.l8u, 330 j Sharpsvide RH
f.
........ ----- reew 235
Cot, Hook. V. & Toledo....... recur. 422 I Short Bowie Ry. Transfer, . . f c r e e l . 981
Col. San, & 11.. . . r e a m # , d L u h a r d c d , 233 I Sooth Carolina M id lan d . r e e v , 287
D
o
. c o m m u t e s -1 3 j
2
8,
D nth Gas &\Y.mnr. d i s c b a r g e d . 423 i Tonneasee-Central. .... f a r e d , 2 8 434
ili
7
'East Tennessee Land C . . . . . s a l e . 423 ! derrei Haute. A Logaraeport.. . m umi t .. .5 4
o
Toledo St. h k K C.... .
.
s
881
Bvan*vill©A Richmond. ..m ite , 423 j
r
m 1.
Ft* Worth & Bto Grande.. d e f a u l t . 287 I Onion Padllc......f ac rm' ds ,o aeqM u* m 8MA235
Do .. K . P
t
,
, 24
Gre iiw Anderson & W ......^crr. 287 j
.
D
O
p l a n , 424
Hendersonvilie &Brevard By. T.
D
o
sinking fund Ss.plan. 831
&
-T
r e a r . 423
heeling
.r v .
188
Little Reek&Memphis.......r c o r g . 2 1 W D &LakeeE... .Aeienpr .s b;om dms .. 236
3
o
do x t *
n
Long Island .....___ ... c a n t r o t. 221 , D
o
do —ato c k c o m . 288, 371
LouifY N A A G a l f . Z M r c o o p . 234 5
. . . h.«
STREET RA A S.
ILW Y
D
o
do
Ik l i n s t i l l , d u e . 373
Page.
M phis Charleston...... s a le . 3 7 3 V o l u m e . 61—
ora
Natchez & Bed River & Texas
Austin (Texas) R . V
...r e e v r . 422
Bit ................... . .... . s o l d . 424 i Brigantine Transit ... ...... .s o l d . 873
Norfolk & W steni.ncu' s e c u r i t i e s . 374 j Capital By. (Frankfort, Ky.).. .s a l e . 4 2 2
’
e
O
icdeusb. &L. Champlainowt o ( n t . 37-1 I Citizens’Traction (San D Cal.)
iego.
O S o n t W n A e p o s i t s .W L : r c c v . c t f s . 874 j „
hio
r
4 23
O Vhiley.............. c o m m i t t e e . 2 88 1Englewood &Chic. EL..recr*.ecctuf sr .. 123
hio
Altoona Ciearlleld & Northern Ry.—S o l d i n F o r e c l o s u r e .
—
This road was sold in foreclosure Feb. S to W. L. SbelknO
berger, representing tbe bondholders.— 63, p, 601,
V.
Atoll Ison Topeka & Santa Fe Ry.—Atlantic & Pacific
RR.—O

ffic ia l

S ta tm e n t

a s

to

P u r c h a se

o f A ,

&

P „

W e ste r n

directors of the Atchison, in a circular to the
stockholders, state that the consideration given for the Atlan­
tic & Pacific Western Division bonds recently purchased was
£8,400,000 Atchison general mortgage bonds, 92,000 shares of
preferred stock and $530,000 in cash. Tbe circular adds:
D iv is io n .— T h e

D e c re e s fo re c lo s in g th e m o r tg a g e s e c u r in g th e b i n d s p tire lia s e d
T b e l a s t y e a r , w h e t h e r !n m a n u f a c t u r e , t r a n s p o r t a t i o n , b a n t l i n g o r
h a v e b e e n e n t e r e d , a n d i t i s e x p e c t e d to c o m p l e t e t h e s a l e o f t h e p r o p ­
t h e t l U i tib u U o n o f g o o d s , w a s o n e o f m o r e t h a n o r d i n a r y a n x i e t y a n d
e r t y a t a n e a r l y d a t e , u n d e r p r o p e r a r r a n g e m e n t s w h e r e b y i t w ill b e
•n t. N o b r a n c h o f b a s io e s B w a s e x e m p t , a n d it. w a s w ith
a c q u i r e d b y t i l l s ( to m p a n v a n d t h e lie n o f t h e A tc h i s o n g e n e r a l m o r t ­
i n s i n e w m e n s a w ti l * y e a r 1 8 9 6 d e p a r t .
T ic b a d n e s s r f t h e N a ti o n 'l l L i n s e e d O il C o . h a s b e e n n o e x c e p t i o n , g a g e w ill b e e x t e n d e d to i n c l u d e t h e W e s t e r n D iv is io n o l th e A t l a n t i c
A P a c if ic R R . T h e p r o p e r t y s o a c q u i r e d is s u b j e c t t o a r e c e i v e r 's
w h ile in s o m e d e g r e e i t s lU tllc u itU u h a w b - e u g r e a t e r t h a n t h e a v e r i n d e b t e d n e s s o f a b o u t $ 7 0 0 , 0 0 0 n e t . T ile s tu n o f $ 5 3 0 , 0 0 0 in c a s h
a g e . t h r o u g h c o r d it io n s p e c u l i a r t o t h e t r a d e
a b o v e m e n t i o n e d , t o g e t h e r w i t h t h e n e t i n d e b t e d n e s s o f tlx e r e c e i v e r ,
A t a li m e w h e n a i l b u s in e s s h a s b e e n c o n t r a c t e d a n d c o n s u m p t i o n
w ill b e c a p i t a l i z e d by- t h e s a l e o f g e n e r a l m o r t g a g e b o n d s w h e n a s a t i s ­
L » t i t s lo w e s t, tw o o f t h e l a r g e s : c r o p s o f 11 t x s e e d to t b e h i s t o r y o f
fa c to ry p ric e th e r e f o r c a n be o b ta in e d . T h e b o n d s r e q u ir e d fo r th is
t !
b e e n r a i s e d , w ith t h e n e c e s s a r y o o n s e q u H tio e o f a
c r e s t r e l u c t io n i t t b e m a r k e t v a l u e o f t h e s e e d a n d l i n s e e d o il. U n d e r p u r p o s e , t o g e t h e r w i t h t h e 8 9 , 4 0 0 , 0 0 0 o f g e n e r a l m o r t g a g e b o n d s
w liiolx h a v e b e e n d e l i v e r e d n o o n s a i d p u t c h a s e , a r e t a k e n f r o m t h e
t h e c o n d i t i o n s w h ic h h a v e p r e v a i l e d in th e t u a n y l i n e s o f b u s in e s s
w h ic b a r e d e p e n d e n t u p o n l i n s e e d o il, t h e io w p r ic e s h a v e n o t l i a d t h e • $ 20, 000,000 o f g e n e r a l m o r t g a g e b o n d s e x p r e s s l y r e s e r v e d f o r t h e
a c q u i s i t i o n o f a u x i l i a r y l i n e s o r g e o u r t tie s r e p r e s e n t i n g s a t i s f a c t o r y
u s u a l e f l r c t o f s t i m u l a t i n g e o n s ir a ip ti o n .
D u r in g t h e t w e l v e ra O L tb s w e h a v e s e e n o c c a s i o n a l s i g n s o f im p r o v e ­ c o n t r o l th e r e o f . T h e 9 2 ,0 0 0 s h a r e s o f A to k is o u p r e f e r r e d s t o c k d e l i v ­
m e n t , w h ic h h o v e p r o v e d t r a n s i t o r y . I n l o o k i n g b a c k u p o n t b s y e a r e r e d u p o n s a i d p u r c h a s e a r e i n li k e m a i m e r t a k e n f r o m t h e
$ 2 0 ,0 0 0 ,0 0 0 o f p r e f e r r e d s t o c k s e t a s i d e f o r t h e a c q u i s i t i o n o f a u x ­
■ a n y w e ll c o n g r a t u l a t e i tw e l v e s t h it b y t h e m o s t o a r e f a l
i l i a r y li n e s u n d e r t h e A tc h i s o n r e o r g a n i z a t i o n p l a n .
e c o n o m ie s a n d w n u - l i l i l r e g a r d f o r y o u r i n t e r e s t s t h e c r e d i t o f t h e
T h e ad d le d m i le a g e o b t a i n e d is 3 6 4 - 7 m i le s f t o ra A t l a n t i c & P a c i f ic
c o n .p a tty h a s b e e n p r e s e r v e d , t b e c o s t o f p r o d u c t i o n r e d u c e d , a n d th e
J u n c t i o n t o t h e N e e d l e s , t o g e t h e r w i t h 2 1 0 - 6 m ile s a d d i t i o n a l u n d e r
t r a d e o f t h e c o m p a n y p r o t e c t e d , a n d t h e p h v s ie a l o o o d lito n o f i t s
l e a s e f r o m t h e N e e d l e s to M o ja v e . 8 0 5 - 3 m i le s in a l l. I t s g r o s s e a r n ­
n i a n u f a c t a i i r g p l a n t s , s t o r e h o u s e s a m i s t a t i o n s f u i l r i n a lo tt tin e d .
• F i n a n c i a l c o n n e c t io n s h a v e b e n f o r m e d ( w h l c h l t w o u ld b o p r e m ­ i n g s h a v e e x c e e d e d S 3 ,5 0 9 ,0 0 0 a n n u a l l y f o r t h - p a s t tw o y e a r s , r ts .
a t u r a t o < i< - f jt. in d e t a i l a t t h i s m o m e n t) w h ic h w ill e n a b l e t h e c a n ­ n e t e a r r i n g s d u r i n g t h e p a s t y e a r , a f t e r d e d u c t i n g t a x e s a n d r e n t a l s
c e l l a t i o n o f j . t . e o r u t o o i n d e b e n t u r e a n d t h e p l a c i n g o f $ 1 ,5 0 0 ,0 0 0 o f p a i d b y th e. rece iv e.!-, h a v e b e e n s u f f ic i e n t t*» m e e t t b e i n t e r e s t c h a r g e
a s s u m e d r y t h e A tc h i s o n , w h i c h w ill b e s h o u t 8 4 0 0 ,0 0 0 p e r a n n u m .
Dr?-? m o r t g a g e ll f o te n - y e a r 8 p e r c e n t g o ld b o n d s .
•• t h i s c o m p a n y h a « t o m o n o p o l y , e s y o u a r c a w a r e . In t b e m a n n f a e - I t is p r o p o s e d g r a d u a l l y to m a k e t h e p e r m a n e n t i m p r o v e m e n t s u p o n
t u i i . o f l i n r e e d o il a n d o il c a k e , b u t i t d o e s n u t f e a r c o m p e ti tio n . T i n t t h e r o a il a c q u i r e d w h ic h a r e u e o e s s a r v to b r i n g i t s p h y s i c a l c o n d i i i o n
u p to t h e s t a n d a r d o f o t u e r A t c h i s o n m a i n l i n e s : a n d i t is e x p e o t e d
m u s t e x i s t in (-v e ry li n e o f b u s in e s s , a n d o u r c o s t o f p r o d u c t io n a n d
f x l l u i r s a r c s u c h t h a t w h e n t h e r e is b u s in e s s t o b e d o n e w e c a n d o i t t h a t i u i e o r t a o t e c o n o m ie s i n t h e f u t u r e o p e r a t i o n o f t h e p r o p e r t y will
d m a k e a p r o f i t w h e n m a n y c a n n o t. r e s u l t t h e r e f r o m a n d t r o u t i t s i n c o r p o r a t i o n a s a n i n t e g r a l p a r t o f t h e
N o f u r t h e r r e o u e t lo n itt p i i c e o f c i t h e r c u r r a w m a t e r i a l o r m a n u f a c ­ A tc h i s o n s y s t e m . —V. 6 4 , p . 3 2 8 .
t u r e d t n i.h -.-t o n a n y s e r io u s s c a l e is li k e ly t o o c c u r , a n d a n i n c r e a s e d
P r i c e o f S t o c k — E x p l a n a t i o n . — It
should be understand
c o L - u m p ti m . a n d d i- n ja n d b e c o m e s d a i l y to ir e a p p a r e n t .
" O o r s to c k in t r a d e h a s i e e o s r e u t e d a t t h e lo w e s t p r ic e s w h ic h that the recent change in the quotation price of Atchison
h i, Vi- e r a r b>.in o b t a i n e d in t h i s c o u n t r y , a n d i t is r e a s o n a b l e to e x p e c t common stock, which is quoted about 2 points lower than,
t h a t p u r ...................... Hi p a r t i c i p a t e i n t h e i m p r o v e m e n t fo r e s h a d o w e d . heretofore, arises from the fact that former quotations were
In o t h e r s .

A. O. Hall, Marcus Simpson and Samuel Thomas, whose
i< run as directors had expired, were re-elected without oppofiition.—V. 64, p. 380
(Jnincy Mining Company.
f R e p o r t f o r t h e y e a r e n d i n g D e e . 81, 1896J
F a m i n g ? . E t c . — The company has outstanding capital stock
of $ 1 ,2 5 0 ,1 ,0 0 , which on and after April 10, 1897, will be in­
creased to 82 500,000. It has no bonds outstanding, and
ita small current liabilities are shown below. Its earnings
have been aa follows :
6
189B.
1895.
1891.

of trust company certificates issued under the reorganization
plan, which included rights to preferred stock representing
assessments paid. These certificates have been dropped from
the list of the New York Stock Exchange. Tbe present
quotations represent the new common stock issued therefor,
preferred stock being separately issued to certificate holders.
—V. 64, p. 328,

Augusta Southern RR ,— South Carolina & Georgia RR..

—L e a s e — B o n d s G u a r a n t e e d . — The Augusta .Southern RR.,
extending from Augusta, GU., to TeamUe, Gi., on the Central
of Georgia Ry,, a distance of 84 miles, has been leased in
perpetuity to tbe South Carolina & Georgia RR, Co., possession
M in e r a l p rd d is c 'v f' l b s . . . . . . . 2 0 ,3 7 0 ,7 2 5
having been taken on Monday. The $400,000 five par cent
1 9 ,7 3 2 ,9 7 0
1 8 ,8 3 1 ,7 5 4
B e f itte d c o p p e r . I t * .................... . 1 8 ,8 0 3 ,4 7 7
1 0 ,3 0 1 ,7 2 1
bonds of the Augusta Southern are guaranteed, principal and
1 5 ,4 3 4 ,0 1 4
*
interest, by the leesee, and will be so endorsed. By its new
O ro M i n c o m e .................. ............... M 8 l ! l ! ) 8
1 ,0 8 1 4 1 0
1 ,4 7 0 ,2 7 2
Operating expense*, c 'o ....... 1,108,509
acquisition the South Carolina & Georgia expects to control
9 0 9 ,3 7 2
8 8 0 ,2 1 0
considerable business heretofore diverted to other lines,
7 5 5 ,0 2 8
6 9 2 .0 7 4
5 9 0 ,0 3 8
E a r n i n g s —The South Carolina & Georgia for the eight
O th e r
1 4 ,4 3 5
8 ,4 1 5
2 ,5 3 1
months ending Feb. 28, 1897 (February partly estimated), re­
To
7 7 0 ,0 0 3
ports: Gross earnings, $301,733; net earnings, $365,853.—V,
7 0 0 .4 3 9
5 9 7 ,5 3 7
D ir id*
1 ,0 6 0 ,0 2 0
000,000
4 0 0 ,0 0 0 60, p. 561; V. 03, p, 965,
— ..d f .2 2 R .9 3 7
Burlington (Iowa) Electric Ry,—O r d e r e d S o l d —At Bur­
1 0 0 .4 8 9
1 9 2 ,5 8 7
B a ta nr*
-----9 2 7 ,5 6 1
1 ,0 0 7 ,5 0 1
9 0 7 ,0 1 1
lington, Iowa, March 1, Judge Smyth signed the decree or­
A sa irrs
BtCUJftIVB O R L E A E A H l> M E PL N dering the foreclosure sale of this property.—V, 64, p. 41,
f’ EA ST T
IK A T
4 An , 1 , 1 8 9 7 .
Central Pacific R l i . — G o v e r n m e n t ' s F o r m a l D e m a n d . — At
.
1
L ia b ilitie s ,
C M h , 5. y,
8 12 9 0 7 2 j D r a f t s u o p a l « I ..........
*711
San Francisco, March 3, under instructions from the Secre­
C
*t*b
l -M fl ? ,V-a,,"r| ' ''■’('did
1.070 tary of the Treasury, beating date of Feb. 17, Assistant Treas­
Ac-co io ta r
iiit'rtai *•#„**• PW «»In „ , i n Y.. 9It,:52 urer Berry made a formal demand uoon the officers of this
*W a t
B ap p ;
itu .tfO l I
II
e_
4 ,9 6 4
company for $9,605,210, the sum claimed to be remainiogdue
T o ta l . . . . . . . . .
$ 1 ,0 6 9 ,8 9 1
to the Government on account of the principal and interest of
T o t i l .......................... $ 1 4 2 ,3 2 7
n e t as?
the instalments of the Government loan which matured in
...........— • — .......................... $ 9 2 7 ,5 6 4
T , 6 2 , p. M 2 ,
January, 1895, 1898 and 1897, after crediting the company

TH E

M a rch 6, 18»7.]

C H R O N IC L E .

with the amount of the sinking fund. The action is merely
technical, and was taken to preserve the Government’s claim.
The company, on the other hand, olaims offsets for trans­
portation on non aided lines, etc., which would more than
counterbalance the present demand.—V. 64, p. 423.
Cayler & Woodbnrn RR — S a le i n F o re c lo su re .— T h is
property, including road “ constructed and to be con­
structed ” fromCuyler to Woodburn, Ga., was sold in foreclos­
ure at Statesboro, Ga., March 2, to A. A. Adam3 for $36,500.
Y . 64, p. 134.
Detroit Lansing & Northern RR.— Detroit Grand Rap­
ids its Western KR.— New S e c u ritie s R e a d y M a rch 2 2 .— M o d i­
fic a tio n o f P la n . — The reorganization committee has deemed
it wise to modify the plan so as to have the new bonds dated
Jan. 1, 1897, the first coupon for three months’ interest to be
payable April 1, 1897. Interest from April 1, 1898, to the date
of the new bonds, Jan. 1, 1897, will bs paid in preferred stock
of the new company. The new consolidated bonds and stocks
will be delivered bn and after March 2'3. 1897, upon surrender
of the Boston receipts at the company’s office and of the New
York receipts at the office of the Guaranty Trust Company.
The new securities to which the holders of reorganization
receipts for the several issues disturbed are entitled are shown
in the I nvestors ’ S upplem en t of January, 1897, e x c e p t that
each $1,000 Detroit Lansing & Northern 7 per cent bonds with
all over due coupons is to be given also from d iv is io n o f s i n k ­
in g f u n d , $79 73 in new first consols, $73 11 in new preferred
stock and $8 31 in cash, and e x c e p t that in accordance with
the above notice the receipts for every $i,0C0 Detroit Lansing
& Northern bonds will receive as interest on the $329 73 new
bond3 to which each is entitled $24 89 in new preferred stock,
while receipts for every $1,000 Grand Rapids Lansing & De­
troit, Saginaw & Western, Saginaw Valley & St. Louis bonds,
and each $1,000 Saginaw & G and Rapids stock, will be given
as interest on the $750 new bond to which each of them is en­
titled $22 50 also in said new preferred stock.—V. 63, p. 1063.
Jacksonville Tampa k Key West liy . — Foreclosure sale
P o stp o n e d till A p r il 5 .— Tne property wa3 offered for sale at
auction under foreclosure of the consolidated mortgage March
1, but as no purchaser appeared the sale was postponed until
April 5. The upset price remains at $350,000.— V. 63, p. 74.
Kansas City Pittsburg & Gulf R R . — T h r o u g h S e rv ic e to
S h re v e p o r t. —On Maroh 3 through train service was estab­
lished between Kansas City and Shreveport, L i., a distance
of 569 miles. By May 1 it is expected trains will he running
to Sabine Pass on the Gulf of Mexico. In our editorial col­
umns will be found some further facts regarding the enter­
prise.—V. 64, p. 330.
Lake Shore k Michigan Southern R R — R ‘ u n d i n g
f
M o rtg a g e —O fjer to H o ld ers o f M a tu r in g B o n d s — The direct­
ors of the company on Wr-dn»siay authorized the miking of
a mortgage to secure $50,000,000 of 10) year
per cent gold
bonds. They also accepted an offer fro m a syndicate repre­
sented by Speyer & Co to take the entire issue. The new
bonds will be used to refund the present bonds as they ma­
ture, or to retire them in advance of maturity on the special
terms to be offered in accordance with the announcement
which is made below.
The fUlowiDg table shows the bonds to be refunded and the
approximate amount of 3% per c-nt bondi which wouli be
required to retire them should the exchange on tbe terms
mentioned be effected as of April 1, 1897. The later the
exchanges are made the smaller, of course, will be the amount
of 3Y%par cents to be allotted:
L oan—
Amount.
Buffalo & Erie 1st M. 7s. ... .. $2,705,000
Lake Shore Divisional 7s........ 1,855.000
1st m ortgage 7s...................... I t,n o ,000
Retired by slotting fu n d ...... 6.500 000
L ake Shore 2d m ortgage 7a. . . 21.607,000
Not o u tstan d in g ....................
308,000
A djustm ent o f in terest, say........................
T o ta l.................................. $50,000,000

When due.

per cents i n exch.—
,
Per bond.
Totat.

April 1. 1898
April l. 1899
J u ly 1, 1900

$1,009
1,041
1,080

$2,729,000
1,410,000
16,595.000

Deo. 1, 1901

1,177

20,062.000
1,001,000

$19,790,000

N o t e —The value of the 7 p er c e n t h in d s on April 1 for th e p u rp o se
of exchange will be ap p ro x im ately as follow s : Buffalo > E rie firsts,
v
1 0 3 - 4 ; Lake Shore D ivisional bonds, 10 8 -7 ; Lake Shore firsts, 110 66;
Lake Shore seoonds, 120-64 At a h iu t those prices th e y w ould then
be exchangeable (In case th e exohauge Is then la progress) for the
new bonds, th e la tte r being tak en a t the price of I028i
The a m o u n t
of th e te w bonds to which each $ 1,000 old bond would th u s he e n ­
title d Is show n ap p ro x im ately In th s above table.

As shown by this table, $6,808,00) of the new bonds
represent old bonds already retired by the sinking fund or
never issued. Thi3 amount of the new loan, therefore, is
available for payment of premiums on the old 7 p e r cent
bonds whenever exchanged at the rate above indicated. The
inducement to make the exchange lies in the fact that the
bondholder will secure practically the same net return on his
money as now (the 7s are selling on about a %% per cent
basis ; after the exchange the return will be 3 7 16 per cent),
and in addition, instead of a bond maturing in the immediate
future he will have one due 100 years hence. As stated below,
holders of between $8,000,000 and $9,000,000 of the old 7s have
already agreed to make the exchange, and it is believed the
remaining boDds will be rapidly turned in. The new bonds
have been selling at 103, some sales having been made as high
as 10 4£
3_ .
The syndicate which will take such of the new bonds as are
not issued in exchange for the old 7s includes : 3peyer & Co.,
J. P. Morgan & Co., Lizard Freres, Heidelbich. Ickelbeimer
ot Co., F. S. Smithers & Co., tbe Central Trust Co. of New
York, J. Kmr.edy Tod & Co,, E. H. Harrimm, as well as

469

Teixeira de Mattos Brothers of Amsterdam, Speyer Brothers
of London and Laz. Speyer Eilissen of Frankfort-on-Main.
Speyer & C > on Tuesday made this statement:
.
“ The Lake Shore & Michigan Southern RR. Co. has decided
to perfect now its arrangements for the refunding of its total
existing bonded debt, tbe longest issue of which matures Dec.
1, 1903, and in this connection we have bought from the com­
pany now the total amount of the new issue of 3$£ per cent
100-year gold bonds, which issue is limited to $50,000,000, and
which, upon the cancellation of the present mortgages, will
become a first lien upon all the property of the company.
“ As soon as practicable we shall offer for a limited time to
the holders of the existing bonds the privilege of exchang­
ing their present bonds for the bonds of the new issue. The
existing bonds will be accepted on a basis of interest at 3%
per cent per annum in payment for the new bonds, which we
shall offer to the bondholders at 103}^ and interest.
“ The unquestionable conservatism of the management of
the Lake Shore & Michigan Southern RR. C l , and the fact
that the interest charge, as it will be upon the retirement of
the existing bonds, will amount to less than one-third of the
present net earnings of the company, places those bonds al­
most in the same category with the best State and munici­
pal securities, which now yield hollers between 3% per cent
and 3% per cent upon the investment.
“ The new 3% per cent 100-year gold holds at 102% and
interest will yield the holders about 3 7-16 per cent, so it is
believed that the existing bonds will be exchanged very rap­
idly for the new bonds. In fact we already have the promise
of such exchange of between $8,0)0,000 and $9,000,000 of the
existing bonds by parties most famdiar with the strength of
the security of the new bonds.”
When the above exchange is completed and the old 7 p3r
cents shall all have been retired, the new loan will have re­
duced the company’s annual interest charge by about $1,270,000, equal to over 2% per cent on the $50,000,000 of capital
stock now outstanding, and have relieved it from an annual
sinking fund of $250,000 yearly. Tnis sinking fund, however,
has never been charged against income. The $6,500,000 bonds
heretofore retired by it are represented in the balance sheet
merely as a part of the $11,449,850 which on Jan. 1,1897, stood
to the credit of the company’s income account. The reduc­
tion in interest charges is here based on the amount of 7
percents outstanding Jan. 1, 1397, after the retirement for
the sinking fund of the usual $350,000 of bonis.—V. 64, p. 423,
Long Island RR,— N ew D ir e c to r s — Togive representation
to the syndioate that bought the Corbin holdings of stock
the following directors have resigned: J. G. K. Dier, Daniel
Lord, Austin Oorbin, Jr., G'o-ge S. E igell and A. C Badford. The Board no w consists of James Timpson, Vics-Presidsnt of the United States Mortgage & Trust Go.; W. G. Oakman, President of the Guarantee Trust Co ; E. H Vreeland,
-.
President of the Metropolitan Traction Co.: J. S. Auerbach,
of Davies, Stone & Auerbach; F. G Bourne, President of the
Singer Manufacturing Co.; W. II Baldwin, Jr., President of
the Long Island RR. Co.; C. M. Pratt, L. C. Lodyard, F. L.
Babbott, Dumont Clarke, President of the American E x­
change National Bank; George W. Young, President of the
United States Mortgage & Trust Go ; Tneodore A. Havemeyer,
Vice President of the American Sugar Refining Go. and
August Belmont. A. O. Bedford remains as Secretary and
Treasurer of the road.
A tla n tia A v e n u e B ill In tr o d u c e d .-- The bill to enable the
oity of Brooklyn to meet its share of the cost of changing
the grade of the company’s tracks on Atlantic Avenue, a
necessary preliminary to the carrying out of the proposed
plans of the new managers of the company for a connection
by tuonel with New York City, was introduced in tbe Ssnate at Albany on Wednesday. The bill authorizes the city to
pay one-half the expense of this improvement, but in no
case to exceed $1,250,000, and for this purpose to issue its
bonds with terms not exceeding tw eity years. As the ex­
penditure, and, therefore, the sals of the city’s bonds, will be
distributed over several years, and as the consolidation of
Brooklyn with New York will soon take place, no hinder*
ance, it is thought, will result from the nearness of Brooklyn
to l's debt limit. The bill forbids the use of steam for moving
passenger trains on Atlantic Avenue except in case of emer­
gency preventing the use of the other motive power employed.
— V. 64, p. 373.
Missouri Kansas & Texas Ry.— E a r n in g s f o r S i x M o n th s.
— For the six months ending Dec. 31, 1896, the company repjrts its earnings, charges, etc., as follows :
O p e r. ex p .
a n d ta x es.

Set
e a r n in g s .

I n te r e s t a n d
r e n ta ls .

$6,519,022
$4,523,821
- Y . 6 4 ,p . 132.

G ro ss
e a r n in g s .

$2,025,201

$1,712,918

B a la n c e ,
su rp lu s.

$312,283

>assau Electric RR. (Brooklyn, N. Y,)—Q u a r te r ly .—
Earnings for the quarter ending Dec. 31, 1896, have been re­
ported as follows: The lines of the Atlantic Avenue RR.,
including Brooklyn Bath & West E id, were leased in April,
1896, and their results are included below:
G ro ss

1896.
e a r n in g s ,
3 inos. to Dee. 31 ....$ 3 6 7 ,7 8 2
3 mos. to Sept. 3 0 ... 551,170
T otal, O inos........... 918,952

B et
O th e r
e a r n in g s , in c o m e ,

I n te r e s t, B a la n c e ,
ta x e s, ete. s u r p l u s .

$130,417 $17,300 $145,803
242.088 18.656
177,898
372,505 35,956

323,674

*1,911
82,876

84,787

For the six months of 1895 the combined gross earnings of
the three roads above mentioned were $738,360.
General balance sheet of Dec. 31, 1896, shows loans and
bills payable of $552,710.— V. 64, p. 373.

THE CHRONICLE.

470

{Vox.. LXIV,

N e w ¥<»rlt

Frnmtylvatila A Ohio First Mortgage Trust—
fle p c r r ts a n d J J o n n n e u ts .
d P a y m e n t . — i h full year’s interest lias been received
;ri■ prior lien bonds owned by the Trust. This will
■
> a distribution on the present occasion of an extra
(
„
. e< ist on the ordinary stock over ami above the 10s.
P E N N S Y L V A N IA
R A ILR O A D CO.
which would otherwise have been available t o r the half-year.
The trustees therefore t>commended that a dividend of % per FIFTIETH ANNUAL REPORT, FOR THE YEAR END­
Cent U income-tax, be paid on the ITlh ult. on theordinary
se*
ING DEC, 81, 1890.
stock, carrying forward, £881. V. 63, p. 229.
York & Staten Island Electric—M o r t g a g e f o r 0 6 0 0 , —
This company has filed a mortgage to the Central Trust
Office of the
Co., trustee, to secure $500,000 of fifty-year gold 5s,
P ennsylvania Railroad Company,
which will be ustd for completing the light, heat and power
P hiladelphia , March 2d, 1897.. )
7
plant recently purchased. This mortgage is not, as com*
The Board of Directors submit herewith a synopsis ol
mor.slv reported, made by the New York & Staten Island their Fiftieth Annual Report for the year 1896 ;
TU cu > Railroad Co., the two corporations being distinct,
c
T h e a ro s e e a rn in g s o f th e th r e e g r a n d d iv is io n s e a s t o f
though largely controlled in the same interest.—V. 04, p, 881,
P i t t s b u r g a n d E r i e , e m b r a c i n g t h e M a in L i n e , U n i t e d
Norwich A Worcester HR.—New York New Haven & R a i l r o a d s o f N e w J e r s e y a n d P h i l a d e l p h i a a n d E r i e
R a i l r o a d a n d B r a n c h e s , w e r e .......................................
$ 0 2 ,0 9 6 , 5 0 2 0 6
Hartford KB.—Nor B o n d s . — A press dispatch from New
Haven *av» that the railroad committee of the State Legisla­ E x p e n s e s ............................................................................................................. 4 3 ,4 5 9 ,3 2 6 9 1
ture hat- r<ported favorably on the bill allowing the Norwich
N o t e a r n i n g s ......................................................................................$ 1 8 , 0 3 7 , 1 7 5 7 5
,y Won-.-ster to issue $8,000,000 bonds and to extend the road
T o w h ic h a d d :
I n t e r e s t f r o m i n v e s t m e n t s .................................$ 4 ,9 3 5 ,8 6 8 4 2
from Allyn’a Point to Groton,—V. 64, p. 183, 874.
4 3 ,0 1 2 -12
Feoria Decatur & Evansyllle KB.—O rdered to B e S o ld .— R e n t a l o f e q u i p m e n t , & o ...................................---------8--------------- 5 , 4 1 8 ,8 8 0 8 4
Judge Allen, in the United States Court, at Springfield,
March 3, entered an order for the foreclosure Bale of tbeir road
G r o s s i n o o m e .........................................................................
$ 2 4 ,0 5 6 ,0 5 6 5 9
D d
:
on application of the Central Trust Co. and William A. Heil­ R e n et a lu ,c tl e a s e d a n d o p e r a t e d r o a d s . . ___ . $ 8 , 8 2 4 , 1 6 3 0 9
s
man, the trustees under the second mortgage,— 64, p. 288. I n t e r e s t o n f u n d e d d e b t ...................... ................ 4 , 2 5 7 ,8 1 8 7 3
V,
1 Feorin Water.—Coupon P a ym en t. —Two per c°nt interest I n t e r e s t o n m o r t g a g e s a n d g r o u n d r e n t s ,
e a r t r u s t s , t a x e s , <fco......................................... 1 ,5 8 2 ,9 5 4 0 7
on Hie bonds is being paid at the Atlantic Tr. Co.—Y 63, p.779.
r,
------------------------ 1 4 ,6 6 4 ,9 3 5 8 9
Onlncy Omaha < Kansas Clly Rr.—R e o r g a n i z a t i o n N o ­
s
N e t I n c o m e .................................................................................................. $ 9 , 3 9 1 , 1 2 0 7 0
t i c e , —Out of a total issue outstanding of $1,489,240 non-pre­
ferred bonds there are now held by the Guaranty Trust Co. of b eFerno m a tdhei s a m o u n t t h e f o l l o w i n g d e d u c t i o n s h a v e
m
:
New York, subject to the various agreements for the reor­ P a y m e n t s a c c o u n t S i n k i n g a n d T r n s t
F u n d s, a n d g u a ra n ty o f in te r e s t on
ganization and sale of the property, $1,446,640 bonds, leaving a
Ra l a
6
3
balance not deposited of $42,600 bonds. The holders of these E xAt rl leogrhdeinnya rV arueenye w a li s w &y b o n d s .............. 1$,5 4 2 ,,8 9 8 7 2
a
y
, e.............................
16 98 72
$42,600 bonds are requested to deposit them with the said
------------ ----2 ,1 5 9 , 2 9 7 4 4
Guaranty Trust Co. in order to secure the benefits of the plan
B a l a n c e a f t e r a b o v e p a y m e n t s .............. ................................ $ 7 , 2 3 1 , 8 2 3 2 6
of reorganization. Until further notice bonds will he received D iv i d e n d s o f 5 p e r o e n t ............................................................................. 6 ,1 6 5 ,1 2 2 5 0
without penalty. See notice in another column.
I n t e r e s t P a y m e n t . — Holders of certificates of deposit issued
A m o u n t t r a n s f e r r e d t o c r e d i t o f p r o f it, a n d l o s s f o r t h e
by the Guaranty Trust Co. for non-preferred bonds will re­ y e a r 1 8 9 6 ................................................................................................. $ 7 6 6 , 7 0 0 7 6
ceive six months’ interest, due March 12, 1897, under the pro- P r e v i o u s a m o u n t t o c r e d i t , ............................................................... 2 3 ,5 5 3 ,4 6 9 8 6
paged lease. Checks will be mailed to holders of record
$ 2 4 ,3 2 0 ,1 7 0 6 2
March 5.—V. 64, p 181.
A m o u n t c h a r g e d o ff i n r e d u c t io n o f v a l u e o f s e c u r i tie s
Raleigh & Hasten RR.—Seaboard & Roanoke

RR.—

—The Raleigh & Gaston RR, Co.
has made a mortgage to the Mercantile Trust & Deposit Co.
of Baltimore, as trus’ee, to secure $1,500,000 fifty-year 5 per
cent first mortgage gold bonds of $1,000 each, payable Januuary, 3947, This mortgage, which covers all the property
of the company, provides, it is stated, that $1,000,000 of the
new bonds sbi.ll be used only to retire $1,000,000 eight per
cent bonds due July 1, 1898; $200,000 for betterments and
improvements; ar.d $300,000 for additional construction orextonsior.s; but these last cannot be issued for at least three
year-without the consent of the trustee. Of the maturing
bonds $300,000 have already assf nted to the exchange. The
fixed charges, heretofore $80,000 per annum, will now be re­
duced to $60,000, The net earnings for the six months ending
Dec. 81, 1896, are reported as $110,780.— 62, p. 684; Y. 64,
V.
p. 381.
Heading Co.—Philadelphia & Reading RR.—I m p r o v e ­
m e n t B o n d s t o b e E x t e n d e d a t ,'f percent.—
The Philadelphia &
Reading Company has arranged with Messrs. Drexel & Co
of Philadelphia to extend the $9,364,000 of 6 per oent im­
provement mortgage bonds maturing Oct. 1 next for a period
of fifty years from April 1, 1*97, with interest at the rate of
4 per cent per annum, payable semi-annually, on the first
days of October and April in each year, at the office of the
Railway Co. in the city of Philadelphia. The following facts
regarding the extension are furnished :

N ew

M o r tg a g e — R e fu n d in g .

B o t) . i> r1 re tj,i!l a m t u . t e r e s t o f t h e e x t e n d e d b o n d s w ill tic p a y a b le
Sr. ki .SiI . t.!ri o f tin- United H u t' - , o f t h e p r e s e n t s t a n d a r d o f w e i g h t
u n i p r.e r.e s s , w i t h o u t d e d u c tio n to r a n y t a x e s im p o s e d toy t h e U n i t e d
B la u -* >>r tb e s t a t e o f P e n n s y l v a n i a , t i n d e r p r e s e n t o r f u t u r e la w s .
T in ISf-u u f 1in * m o r tg a g e n o w M -ourlBK s a id B o n d s w i l l c o n t i n u e n u ta ipa-i.-.-s, s i d th e R e n d tin t C o m p a n y ( th e o w n e r o f t h e c a p i t a l s to c k __
.
r u t i n -r r Tnp.it v . is a ls o to bi e o im r e s p o n s i b l e f o r t h e p a y m e n t
Of !t) prim
T il
< e x t e n d , a* a b o v e , lia s b e e n r e s e r v e d to s n o h o f t h e p r e s ­
»
cut t
it* s lia I d e p o s i t tl u - lr b o n d s f o r t h a t p u r p o s e w ith D r e x e l
Phi d i ip iii.i; j . P. M o rg a n i C o . . S o w Y o r k , o r J . 8 . M o r e a u
tfe u

Un

no. < n or before April 15, 1807.
»

Til. •■.•iijmi d n .. A p ril I, 1 8 9 7 . w ill b e c a s t le d a t t i m e o f d e p o s it , a n d
It t|;( s a m e ijm « ili«iMi»iu>js s r itt b e p a i d * 1 0 i n o a a h o n e a c h . * 1 ,0 0 0
r e n d . hrioK th e ilif tv r r n e e b e t w e e n i n t e r e s t at t h e r a t e o f ti n e t - c e n t
t e d t h e r a t e o f 4 p e r s e n t t o r t h e p e r i o d f r o m A p r il 1, 1 8 9 7 , t o t h e
M‘r*t d i.-.i o f n . i t u r i t y o f t h e b o n d , o n O c to b e r 1 ,1 8 9 7 .
I ' l i n r u n s u i - i i i o r . , a ls o p re p i» re it to b u y at. p a r a n d I n t e r e s t a t t h e
■is’ . . t IS r I r earn p e r . a w t o O c t. J , 1 8 0 7 , l e s s d i s c o u n t a t Un- r a t e
r .;n i i 'T t n i i j • r ..n n titi.. B uy o f t h e b o n d s t h e h o l d e r s o f w lito h m a y
;■!*'!<r to s e ll r a t h e r t h a n t o e x t e n d .—V. 0 4 , p . 4 9 4 .
Hiicltestr r 'SI ret-f) R ailw ay.—Qtwrferfjf,—Earnings for the
quarter arid t h e s i x months ending December 81:
Kel

Other

8 5 3 ,1 8 5

$ 1 .8 * 8
3 ,2 6 1

Interest,

earntnae. i ntnmc. taxes, etc.

ifte

1895

86,831

a n d s e t t l e m e n t o f s u n d r y a c c o u n t s .......................................

1 6 7 ,8 4 7 7 6

B a l a n o e t o c r e d i t o f p r o n t a n d lo s s D e c e m b e r 3 1 s t , 1 8 9 6 . $ 2 4 , 1 5 2 , 3 2 2 8 6

In view of the severe business depression prevailing dur­
ing a large portion of the year, and the consequent reduction
of traffic and the sharp competition between the transporta­
tion interests, the results may be considered as satisfactory.
After providing for all obligations, and expending about
$1,500,000 in improving your property, the regular dividend
of five per cent was paid and a surplus of nearly $300,000
carried to the credit of profit and loss.
S IN K IN G

FUN D S.

Under the provisions of the consolidated mortgage of the
company, $334,780 were set apart on the first day of July
last, out of the net income, as a sinking fund for the re­
demption of the outstanding bonds secured by that mort­
gage. There are now $1,798,688 10 in securities and cash in
the fund for the redemption of these bonds.
Under the provisions of the four per cent Equipment
Trust Gold Loan, there was paid to the trustee during 1896,
for the sinking fund, the sum of $136,400. The trustee was
unable to obtain any of the bonds at the price fixed in the
lease, and in accordance with the terms thereof the whole
amount has been invested in additional equipment.
S E C U R IT IE S

OF

OTHER

C O R P O R A T IO N S .

The entire cost of the securities of other corporations, in­
cluding real estate mortgages now held by your company, is
$119,993,895 08, The direct revenue received therefrom was
$4,615,433 97, which amounted to nearly four per cent upon
their cost, and more than provided for the interest on your
funded debt.
CA R TRU STS.

No further issues of these securities were made during tho
year. The outstanding certificates of Series “ B ” of the
Pennsylvania Equipment Trust have been paid and canceled
This series covered 500 standard box cars sublet to the Pitts­
burg Cincinnati Chicago & St. Louis Railway Company, and
500 standard box cars and 1,200 standard gondola cars to the
Pennsylvania Company, representing a total cost of $1,000,000.

The total number of cars provided under the car-trust
system is 57,997.
T o t a l a m o u n t: o f c e r t i f i c a t e s i s s u e d t h e r e f o r ......................... $ 3 0 ,0 4 1 ,0 0 0 OO
A m o u n t r e d e e m e d .................................................................................. 2 6 ,5 3 7 ,0 0 0 0 0

ISalance,

s t ir. or def,
* 7 8 ,2 4 7 d o t. $ 2 4 ,1 9 4
7 3 ,6 6 3 s tir . 1 6 ,4 2 9

B a l a n c e o f c e r t i f i c a t e s o u t s t a n d i n g D e c e m b e r 3 1 . 1 8 9 6 . $ 1 ,1 0 7 , 0 0 0 0 0

The amount expended upon the Main Line and branches,
and charged to capital account during the year, was f 3,587,214 65, of which the larger portion was for equipment and
fx T tm * n o d hills
81, 1890, $218,787, against real estate. The expenditure for equipment represented, in
$148,000 cn June 30 —V. 68, p. 070.
addition to the purchase of two boats for use on the new
i * w in v e s tm e n t H em * »*» n o
472.
ferry between Jersey City and Twenty-third Street, New
15 >
IS P S
1*95 . ... . . . . . . . .

9.844

4 5 2 ,5 2 1

187,639

1 9 0 ,1 1 4
pay abi
Dec.

4 ,0 1 2
5 ,0 3 8

1 5 5 ,9 8 7

d o f.

147,173 e u r ,

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

March 6, 1897.]

TH E

C H R O N IC L E .

York, the usual outlay in payment for trust cars, and the
purchase of 1.300 box and 1,000 gondola cars, which the ac­
tivity prevailing in industrial pursuits during the beginning
of the year seemed to render a necessity. In the early sum­
mer, however, in consequence of the unsettled condition of
financial affairs, a serious depression occurred in the manu­
facturing and commercial interests of the country, which
continued throughout the remainder of the year, and caused
a heavy reduction in your traffic and revenue. Under these
circumstances it was deemed prudent to not only restrict
the expenditures on construction account, but also to dis­
continue a large portion of the work which had been au­
thorized in the revision of alignments and grades upon the
Main Line. A considerable amount had, however, already
been done at the points especially referred to in the last
annual report, namely, Kinzers and Mt. Joy, on the Phila­
delphia Division, and" Lilly’s and Radebaugh, on the Pitts­
burg Division; but at the present time no further outlay is
being made in this direction except at Radebaugh, where
the work upon the tunnel had so far progressed that it was
deemed unwise to suspend operations.
The depression referred to extended over your entire sys­
tem, and as your lines traverse a territory particularly de­
pendent for its prosperity upon the coal and iron industries,
their revenues necessarily show a greater proportionate re­
duction than in the case of other lines not so situated.
The amount expended in construction on branch and aux­
iliary lines was $1,283,630 80, the most important items of
which were the completion of the bridge over the Delaware
River at Frankford, the construction of a portion of the
Philadelphia Bustleton & Trenton Railroad and the double­
tracking of the Pittsburg Virginia & Charleston Railway.
The number of tons of freight moved on the three grand
divisions east of Pittsburg and Erie in 1896 was 72,967,125, a
decrease of 5,292,401, or 6-76 per cent; the number of passen­
gers was 36,170,220, a decrease of 1,282,217, or 3’42 per cent.
The other railroad companies east of Pittsburg and Erie
in which your company is interested show generally de­
creased earnings, due to the business depression prevailing
throughout the country. Detailed statements of their op­
erations will be found in their respective annual reports, as
well as in the pamphlet report of your company. The total
amount of coal mined during the year by the four coal
companies in which you are interested was 1,975,885 tons,
a decrease of 232,849 tons.

471

traffic and revenue were not in harmony with your general
interests, it was deemed wise for the Pennsylvania Company
to become its owner. The Cincinnati Lebanon & Northern
Railway is a line running northerly from Cincinnati, a dis­
tance of about 36 miles, and having terminal facilities in
that city of special value in connection with your lease of
the little Miami Railroad.
FUN D ED DEBT.

The funds for the above purposes were obtained from the
sale of the $3,000,000 of four per cent Consolidated Mortgage
bonds of the Pittsburg Cincinnati Chicago & St. Louis Rail­
way Company, referred to in the last annual report, and
from a further sale of $2,000,000 of the same securities made
during the past year. These securities were held in the
treasury of the Pennsylvania Company and involved 110 in­
crease in the funded debt of the Pittsburg Cincinnati Chi­
cago & St. Louis Railway Company.
The work of rebuilding the bridge over the Ohio River at
Cincinnati is almost completed, and its improved highway
and trolley facilities are expected to largely increase that
part of its traffic. For the purpose of retiring the outstand­
ing seven per cent bonds, amounting to $1,100,000, of the New­
port & Cincinnati Bridge Company, and providing a portion
of the funds for the reconstruction of its bridge, that com­
pany sold $1,400,000 of its four and one-half per cent bonds,
guaranteed principal and interest by the Pennsylvania Com­
pany, which owns a large majority of its capital stock.
It also became necessary for the Union Depot Company
of Columbus, Ohio, in which your Company is largely in­
terested, to rebuild its passenger station, and thus furnish
improved terminal facilities at that important point. For
this purpose it created a general mortgage securing $800,000
of four and one-half per cent fifty-year bonds, of which
$450,000 were sold, the balance of the issue being x
’eserved
to retire such of the prior lien bonds of the Company as
might not be redeemed through the operations of the sink­
ing fund connected therewith. The work upon the new
station is rapidly progressing and will be completed during
the-coming summer.
The number of tons of freight moved on the lines west of
Pittsburg was 46,176,140, a decrease of 6,202,941. The num­
ber of passengers was 16,379,284, a decrease of 309,720.
The gross earnings of all lines east and vvest of Pittsburg
for the year were $123,634,120 19, operating expenses $88,329,329 89 and net earnings $35,304,790 80, a decrease in
LIN'ES W EST O F P IT T SB U R G .
gross earnings, compared with 1895, of $6,685,233 35, and in
On the lines west of Pittsburg operated bp the Pennsyl­ net earnings of $4,120,952 79. There were 145,192,644 tons
vania Company and the Pittsburg Cincinnati Chicago & St. of freight moved, being a decrease of 12,472,765 tons, and
Louis Railway Company the results were as follows :
71,919,860 passengers carried, a decrease of 2,734,256.
1896.
E a rn in g s of P en n sy lv a n ia C o ...............................................$19,423,975 31
E x p en ses...................................................................................... 12,111,604 30
L eav in g n e t e a rn in g s................................................................ $7,312,371 01
R e n ta l, In te re st, &o................................................................... 7,102,988 96
N et p ro fit on P e n n a , Co.’s lines.

$209,382 05

E a rn in g s o f P itts b u rg C in cin n ati Chioago & St. Lonis
R a ilw a y ......................................................................................$10,873,851 82
E x p e n se s....................................................................................... 12,359,999 01
L eaving n e t e a rn in g s ................................................................. $1,513,855 78
R en tal, In terest, & c................................................................... 3,850,912 30
N et profit on P ittsb u rg C in cin n ati Chicago & St. L oots
R ailw ay C om pany’s lin e s ....................................................

$662,913 18

N et p ro fito n lines d irectly o p erated w e s to f P itts b u r g ..

$872,325 53

The other lines west of Pittsburg, on account of which
your Company has assumed direct obligations, or in which
it is largely interested through ownership of securities, but
which are operated through their own organizations, show
the following results :
The ag g reg ate gross earn in g s of th e se r o a d s w e re ......... $6,222,397 67
E x p e n se s....................................................................................... 5,090,992 96
N et earn in g s................................................................................. $1,131,40171
D educt re n ta l, in te r e s t, &c.....................................................
1,408,237 96
L o s s .............................................................................

$276,833 25

Of th is loss th e P e n n sy lv a n ia R ailroad is resp o n sib le fo r
W hich deducted from th e p rofit show n ab o v e ...................

$197,738 04
872,325 53

L eav es a n e t profit on a ll lines w est of P itts b u rg for
1896 ...........................................................................................

$674,587 49

The results from the work in 2 of these lines emphasize the
unfavorable conditions prevailing in the manufacturing in­
terests of the country, and show a large falling off in ton­
nage and revenue. They were, however, fully able to meet
all liabilities and carry a surplus to the credit of the profit
and loss on each system.
The amount expended on account of construction, equip­
ment and real estate during 1896 on the lines west of Pitts­
burg was $2,380,099 44.
The expenditures for capital account on these lines were
for additional equipment and real estate, tracks and termi­
nal facilities. A further sum of about $2,100,000 was in­
vested in the purchase of the stock of the New Castle &
Beaver Valley and Cincinnati Lebanon & Northern rail­
way companies. The former road was operated under your
lease of the Pittsburg Fort Wayne & Chicago Railway, but
as the requirements of the lease in regard to the division of

G E N E R A L REM ARKS.

There has been paid the Managers of the Trust created
October 9th, 1878, by the Company, to December 31st, 1896,
the sum of $4,582,407 78. The total income therefrom has
been $6,067,399 80, and on that date securities amounting at
par to $8,212,730 were held in the Trust, yielding an interest
of five and one-half per cent for the year. There was ap­
propriated to the Trust for the year 1896 the sum of
$73,048 72.
The bonds of the American Steamship Company, amount­
ing to $1,500,000, the principal and interest of which were
guaranteed by your Company, matured on October 1st, 1896,
and $1,485,000 thereof, which had been presented up to the
close of the year, were paid out of the Trust Fund. That
amount, together with $673,665, the aggregate of the coupons
purchased from time to time as they matured, has been
charged against the principal of the fund, as well as $160,000
of the bonds of the Pemberton & Hightstown Railroad,
which were guaranteed by the United New Jersey Railroad
& Canal Company, and assumed by you under the lease of
the property of the latter company. These obligations have
practically no value, and, as a result of the conservative
policy pursued in the creation and maintenance of the
Trust, have been met without any draft upon your treasury.
The assets of the Insurance Fund at the end of the year
were $3,762,611 27, being a decrease of $17,089 88 as compared
with 1895.
The membership of the Employes' Relief Fund at the close
of the year was 40,853, the largest since its establishment.
During the year the members contributed $694,776 49, while
the company and its affiliated lines contributed $103,748 11
for operating expenses and $40,214 20 for extra benefits to
members whose disability had continued more than 52
weeks, and who were therefore no longer entitled to regular
benefits from the Fund. The total receipts were $855,880 44,
and the balance on baud at the beginning of the year $294,954 90. A fter distributing $257,048 48 in death benefits and
$313,393 87 in cases of disability arising from sickness and
accident, and meeting all its obligations and providing un­
adjusted death claims, a balance of $388,284 73 was carried
over to the present year.
The number of depositors in the Employes’ Saving Fund
at the end of the year was 4,944, an increase of 431. The
amount received from depositors during the year was
$461,189 46, and the balance in the fund at the close of the
year was $1,759,893 20, of which $1,700,000 is invested in
securities bearing interest at the average rate of four per
cent.
Necessary funds were deposited in New York to purchase
the $1,899,000 of seven per cent first mortgage bonds of the
St. Louis Vandalia & T e r r e . H a u t a Railroad Company which

r H E CHRONICLE

i «l

m a tu r e d J a n u a r y 1 s t, 1*97. T h i* ro o d is o p e ra te d u n d e r
R a ilro a d C o m p a n y .
bv t lie ? 4 * m Hunt* • A li
s.*iuitlll- t o HU*a t its o b lig a tio n s to
jlttii III# hl i t e r h a v in g b*
iii# o tiifif l i a r s le a s e d litt if , jall it* pros* Rirtioa h a # # boon, a t ;
i h e t r Imi[.anew, i4&e#d 1n th e» tiamnli of a rfcmi-'ve'r*. U n d e r th is -«*!'•* o f imi%
0$gH th # \ fa » d s ilia C o m p a n y w a s in
mm
i****W)n*£hi# tot fc&£ d e fa u lt o f it s leasee, a n d w as
"li *iiil i#&Uon&, it w a s fo u n d i m p r a o - :
fu lly aid e t o m e e t it* ovv
•
Jiocuriit If# \to a d v fto iu ! a n d th u s p ro v id e
il e a 1*1# fs© *#ll
th e m e a n * l«> r*«t.ir# th«* bond s re f e rre d 't o. Y o u r C o m p a n y
*1* flit* i:luliro'
irvibrant' or th e r e o f, b e c o m e
ha* rix-r.
a n d v\i\\ li tiM fheiw u n ti l th e r e la tio n s
Jllll
b e tw e e n t h e T o m - Hnilit# & Im liannjK fils R a 'iro a d C om ■
line;§ u re iItnylSv a d tu ste d .
p m r su s1
O h A p i it UKh. 1996. tl \e lift lo t h anniv<t r s a r v o f t he in c o rV w iv- a p p ro p rm t ply c e le b ra te d b v a
pom H ow o f til#
p iiM lo m»to tin g o f t h e si-o o k h c fitters a t th e • \ c a d e m v o f M usic,
%
At w h ic h o<l<l.ro?v*as w e t■ m m le liv v o u r la t e P re s id e n t. Mr.
R o b e rta : Also by th e On v e r m >r o f P e n n s y lv n n ia , th e M ayor
o

I ’ii

:rg, r e p r e s e n t i n g

th e M ay«r o f t h a t c ity ; M r. P r e 'ie r ic k F r a le y , P re s id e n t o f
th e P ittia d e ip a la B oard o t T r a d e ; M r. J . T w ittg B rooks, one
o f she i iot‘-f*re«i le n t* o f y o u r W e s te rn lin e s, a n d M r. Jo s e p h
-y er.

Mr. 1 ivid S. (;r.iy having resigned as General Manager of
>
th e ........ - Line s »a c c e p t th e p o sitio n o f r e p r e s e n ta tiv e of
y o u r sy s te m nn th e B o a rd o f M a n a g e rs o f th e J o in t 'T raffic
A s.s>,-aitson. Mr. K. A. D a w so n w a s a p p o in te d o n 15 th J u ly .
1898, to till th e v.- f a n c y , a m i Mr. C. W . F o rr e s te r w a s a p ­
p o in te d W e s te rn M a n a g e r o f th e U n io n L in e in M r, D a w so n 's
p la c e .

The Board have to record the death of one of their oldest
members. Mr. Henry I). Welsh, on the 19th of December,
1898. Mr. Welsh's connection of over eighteen years with
the Company, and faithful service in its behalf, make his
loss on»> to he deeply re aretted. both personally and officially.
As a l e a d i n g member of your committees, and as an officer
and director of a large number of your subsidiary corpora
lions, he gave the greater portion of his time to your inter­
ests, and won the affection and esteem of his associates.
Sir. Effingham Ft. Moms was elected a member of the
Board to succeed Mr, Welsh, and Mr. li. Dale Bensoni apa;
8,
pointed Auditor of the Trust Fund of October 9th. 1878. to
till the vacancy created by the resignation of Mr. Morris
from that position.
Mr. John Scott, who for forty years had been connected
with your legal department, during eighteen years of that
period had been your General Solicitor, and then, until his
death, the Counsel of the Company, diet! on the 39th of
November, 1896. Mr. Scott's signal ability in bis profession,
high integrity and conscientious discharge of duty made
him an invaluable adviser and trusted friend, and the Board
desire to acknowledge the sterling traits of character that
won for him the confidence and regard of all with whom he
came in contact.
Mr. Robert Neiison, General Superintendent of the Phila­
delphia & Erie and Northern Central Railways, died on the
Irth of October, 1896. Mr. Neilson had been connected with
the lines of your system since 1863, and had filled the respon­
sible (Hsiuon which he held at the time of his death since
1883. Hi- intimate knowledge of the properties under his
charge, and his intelligent and zealous devotion to the in­
terests of the Company, made hint one of its most trusted
officers. Mr. J , M. Wallis, formerly Superintendent of Mo­
tive Ivevi-r of the Pennsylvania Railroad Division, was pro­
mote 1 to (1 1 the vacancy thus caused.
1
Since the close of the year the Company has to record the
It** of your late President, Mr. George B. Roberts, whose
life had practically been spent in your service, and who,
beginning as a member of an engineer corps on the original
construction of the Mam Line, had successively filled more
and more responsible positions until he was elected President,
1“ June. 16S0. During the seventeen years of his adminis­
tration, he devoted his exceptional abilities to strengthening
and consolidating your system, and brought to that work a.
rip* judgment and long experience which were of the great­
e r value in the. determination of the important questions
wh;< a frail time to time affected your welfare. Mr. Roberts
1897, after a protracted illness;
ami the Board submit with their full report the minute
adopted by them, in the belief that it will meet the full ap­
proval , , { Uu. stockholders, and that they will share the profour! i regret felt by the management at the loss of one
whiM/- controlling thought during his entire official life was
for the conservation and advancement of the interests of the
C otnjM nv.
_ Mr. F r a n k T hom son w a s e le c te d
F e b ru a r y , 1997. to fill th e v a c a n c y
M r. R o b e rts ; a n d in a c c o rd a n c e w ith
a d o p te d o n th e loth of F e b r u a r y ,

P r e s id e n t o n th e 3d of
c a u s e d b y th e d e a th of
th e re v ise d o rg a n iz a tio n
Mr. J o h n I ’. G re e n w a s

ei.-et-H First Vi....President, Mr, Charles E. Pugh, Second
Yu.i-Pr.'M-Icnt and Mr. Sutherland M. Provost, Third VicePresident; Mr. Samuel Rea was appointed First Assistant
and M
—-r- \\ I l h a m A Patton and E. T. Postlethvaite ad■'

'

;i-

:

t ; M r. W i lli a m

li,

Joyce.

Freud,f rmffi-- Manager: Mr. J, B. Hutchinson, General
Manager i.-icr .M Provost, elected Vice-President, and Mr.
r.
'} T rum l>, G e n e ra l S u p e r in te n d e n t of T ra n s p o rta tio n
to tail th e v a c a n c y c re a te d b y M r. H u tc h in s o n 's p ro m o tio n ,
A c o n d e n se d G e n e ra l B a la n c e -S h e e t o f th e Company
h e re to ap p en d ed .
J

is

| V0L. LXIV.

The Board renew their acknowledgments to the officers
and employes for the fidelity and efficiency with which they
have discharged their duties during the past year.
By order of the Board.
FRANK THOMSON, P r e s i d e n t ,
G EN ER A L BALANCE SH EET.

( C o n d e n s e d ,)

D e c k m b HB 3 1 8 T , 1 8 9 6 .

Dr.
ASSETS.
C u r t Of r o a d a n d e q u i p m e n t ......................................................... $ 1 2 1 ,0 7 5 ,9 4 6 0 7
C o s t o f s e c u r i t i e s o w n e d ..............................................................
l j 0 ,9 9 2 ,3 9 5 0 8
S e c u r i t i e s r e c e i v e d w i t h tin s l e a s e o f t l i e U . N . ,1. l ’ E . &
0 . C o ......................................................................................................
3 ,2 8 3 ,4 6 2 2 5
G n u ; ent A ssets .
D u e f o r a d v a n c e s f o r c o n s t r u c t i o n m id
o t t e r p u r p o s e s ................................................... $ 4 ,2 6 3 ,0 2 2
D u e f r o m a g e n t s a n d s u p e r i n t e n d e n t s . . . 2 ,7 8 4 ,8 0 3
B i l l s r e c e i v a b l e a n d m i s c e l l a n e o u s a s s e t s 2 ,8 6 8 ,1 2 4
M a t e r i a l s .................................................................... 2 ,8 5 0 ,3 8 8

08
72
81
05
Cash............................................................... 10,655,551 80
— ------------ -------S i n k i n g F u n d , T r u s t F u n d a n d I n s u r a n c e F u n d ..............

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

T o t a l ............................................................................................................ $ 2 7 5 ,7 5 9 ,3 0 2 2 4

Or.

L ia ju h t ik b ,

C a p i t a l s t o c k . ................................................................................................ $ 1 2 9 ,3 0 3 ,1 5 0 0 0
F u n d e d d e b t ( in c lu d in g m o rtg a g e s a n d g r o u n d r e n t s ) ,
8 7 ,9 4 3 ,9 1 0 7 2
G u a r a n te e d s to c k a n d b o n d s o f th e H a r r is b u r g P o r t s ­
m o u t h M r. J o y & L a n c a s t e r R R . C o .......................................
1 ,8 8 2 ,5 8 0 0 0
S e c u r i t i e s r e c e i v e d w i t h t h e l e a s e o f t h e IT. N . J . R R .
A C . C o ..............................................................................
3 ,2 8 3 ,4 6 2 2 5
c u r rent

L ia b il it ie s .

P a y - r o l l s , v o u c h e r s a n d t r a f f i c b a l a n c e s . $ 6 ,7 3 6 ,3 1 6 5 1
D u e c o n tr o lle d c o m p a n ie s o th e r th a n
t r a f l l c b a l a n c e s ............................................... 8 ,5 0 5 ,2 6 8 8 8
I n t e r e s t a c c r u e d , m a t u r e d a n d u n c o l­
le c t e d , a n d d i v i d e n d s u n c o l l e c t e d ........ 1 ,7 1 0 ,2 6 1 2 4
D u e S a v i n g F u n d , R e l ie f F u n d a n d I n ­
s u r a n c e F u n d .....................................................
5 9 8 ,0 5 5 7 8
M is c e l la n e o u s l i a b i l i t i e s .................................
7 0 8 ,8 2 0 4 9
■
----------------------- S i n k i n g F u n d s a n d T r u s t F u n d ...................................................
P r o f i t a n d l o s s ........................................................................................

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

T o t a l .................................................................................................... $ 2 7 5 , 7 5 9 , 3 0 2 2 4
R O B T . w l S M I T H , Treasurer.
S to c k h o l d e r s c a n o b t a i n c o p i e s o f t h e r e x i o r t In p a m p h l e t f o r m o n
a p p l i c a t i o n i n p e r s o n o r b y l e t t e r t o t h e S e c r e t a r y .R o o m 2 7 1 , B r o a d
S tr e e t s ta tio n , P h ila d e lp h ia .

St. Joseph & Grand Island Ry . — N ew C o m p a n y in P osses­
l e b . 38. —On Sunday, Feb, 28, the new company, with
William L. Bull as President, took possession of all the prop­
erty of the old railroad company which was purchased at
foreclosure sale Dac. 28, 1896, by the reorganization commit­
tee. The new' securities are being printed,—V. 64, p. 424.
St. Louis Iron Mountain & Southern Ry.—Missouri
Pacific M l , — A n n o u n c e m e n t a s to H e j u n d in g . —Messrs. Vermilye & Oo. and Kuim, Loeb & Co. announce that they have
closed a contract with the St. Louis Iron Mountain & South­
ern Ry. Co. for the extension of the 1st and 2d mortgage
bonds of that company maturing May 1 next. The 1st mortgage
bonds will be extended at 4J'2 per cent and the 2d mortgage
bonds at 5 per cent; both loans to run for fifty years, princi­
pal and interi st to be payable ia gold with the option to the
company to retire either or both issu s upon six months’ no­
tice at 105 and interest. The Cairo Arkansas & Texas 1st
mortgage bonds maturing June 1, 1897, and belonging to the
same system, will be paid off in cash,—“ New York Newa
Bureau."—V. 03, p. 1116; V. 04, p, 424.
Second Avenue RR. (N. Y. City) —Q u a r t e r l y — Earnings
for the quarter and the six months ending December 31:

sio n

3 months
end. Dec. 3 1 .

Gross
earnings.

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

earnings.

Ollier
income.

Interest,
taxes, etc.

Balance,
su rp lu s.

$ 2 5 ,4 9 5
4 1 ,0 0 8

$834
625

$ 2 4 ,6 1 2
3 3 ,1 5 0

$ 1 ,7 1 7
9 ,0 3 3

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

1 ,2 5 1
1 ,2 5 0

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

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

jVcf

Loans and biffs payable D c. 31, 1896, $69,000, against
.*>
$10,000 on June 30.—V. 64, p. 235,
Unlen Paeiile Ry.— Coupon P a y m e n t — The interest due
Jan. 1, 1897, on the* Union Pacific first mortgage bonds is
being paid at the office of the Union Trus) Co., New York, or
at the office of the receivers in Boston, being $30 30 on each
bond.—V. 04, p. 424.
West Chicago Street UR. —D i b e n t t i m e s C a l l e d . — In view of
the recent sale of consolidated bonds the company has called
for redemption on April 28. 1897, $2,000,090 of its debenture
bonds. The remaining $700,000 of debentures can be called
June 1, 1900, if not previously retired by voluntary ex­
change, The $6,000,000 of consolidated bonds now placed
will be offered shortly by the Central Trust Co, and Hullgarten & Co., New- York.
A Chicago paper says:
T im s a l e o f tlm a d d i t i o n a l $ 2 ,5 0 0 ,0 0 0 o f t b o c o n s o l i d a t e d b o n d s
( m a k l n e $ 6 ,0 0 0 ,0 0 0 in a l l . —E d s . ) d e a r s u p t h e f i n a n c ia l s i t u a t i o n o f
t h e W e s t C h ic a g o S t r e e t R R . a n d l e a v e s t h a t c o m p a n y i n g o o d c o n d i tio n .
T h e s e v e r a l c o m m i t t e e s w h ic h lo o k e d i n t o t h e e o u d i i i o n o f t h a t c o m ­
p a n y m a d e r e p o r t s w h io h w o r e I n v a r i a b l y s a t i s f a c t o r y , a n d I t Is t h e
b e l ie f o f t h o s s w h o a r c n o w m o s t I n t e r e s t e d t h a t t h e f u t u r e o f t h e
c o m p a n y is a s s u re d . - V . 6 4 , p . 4 2 4 .

THE CHRONICLE

Ma e CH 6, 1897,]

3 £ lic

^ o m m ^ rc x a l

COMMERCIAL

C O T T O N .

% x x m s.

EPITOME

F r i d a y N ig h t , March 5, 1897.
The inauguration of Mr. McKinley on Thursday as President
of the United States has been the feature of the week. N at­
urally the attention of the nation was centered on the event,
consequently business has been interrupted to a slight ex­
tent; furthermore weather conditions have been less favor­
able, and this too has had a tendency to restrict business in
some lines of trade. The inaugural address of the new Presi­
dent has bpen favorably received and promises to further
strengbten the gradually returning business confidence. Dur­
ing the latter part of the week advices from Europe stating
that the Cretan situation had taken a more threatening aspect
had considerable influence upon the course of prices in specu­
lative commodities.
The following is a comparative statement of stocks of lead­
ing articles of merchandise at dates given :
Feb. 1,
1897.
Hard_____ ______ ______ ...to s.
Tobacco, d o m estic......... ..hhds.
Tobacco, foreign________bales.'
Coffee, o t h e r . . . . . . . ............. bags.
Coffee, Java, <feo.................. mats
Sugar.............
hide.
Molasses, f o r e ig n ...............hhds.
H ides.........................................No.
Cotton...................................b ales
Rosin...........................
bbls.
Spirt ts turpentine................ bbls.
Tar................
bbls.
Rice, E. I .....................
bags.
Bloc, dom estlo......................bbls.
L in seed ................................bags.
Saltpetre................................bags.
Jute butts......................
bales.
Manila hem p................ ....b a le s.
Sisal hem p...........................bales.
Flour................. bbls. and saclrs.

Mar. 1,
1897.

14,003
25,>57
13,528
6,023
373,514
33,973
56,697
2,329
1,732.469
None.
51,800
294.230
55,416
2,227
1,704
7,500
9,500
Nona
19,000
None.
18.961
19,024
131,300

11,227
24,681
13,120
5,070
307,262
58,651
40,553
2,521
1,513,906
None.
27,400
266,113
53,30 >
1,503
2,373
35,000
10,800
None.
18,000
Non .
19,592
23,170
115,100

Mar. 1,
1896.
7,620
26,153
15,663
21,017
213,803
77,166
42,069
432
485,183
215
110,600
187,242
31,974
2,336
2,912
7,S00
13,000
None.
5,500
2,300
9,315
27,039
162,400

Lard on the spot has had only a limited call from refiners
and the export demand has been slow. Off-ringp, however,
have been light and prices have advanced, closing Arm at
4 35@4'37}£c. for prime Wes'ern, 4@4'05o. for prime City and
4.70c. for refined for the Continent. The local market for
lard futures has been neglected. At the Western market the
speculation has been fairly active at advancing prices, the
fact that stocks do not increase materially and a decreased
movement of swine stimulating a demand for investment
account. The close was firm.
DAILY 0 LOSING PRICES OP LABI) FUTURES.

Sat.
M ay.................................. 0. 4-37

Mon.
4*37

Tuee.
4*35

Wed.
4 40

IK ur.
4*45

473

Frt.
4 50

F r i d a y N i g h t , March 5, 1897,
The Mo v e m e n t o f t h e C r o p , as indicated by our telegrams
from the South to-night, is given below. For the week ending
this evening the total receipts have reached 95,-63 bales,
against 84,395 bales last week and 119,423 bales the previous
week, making the total receipts since the 1st of Sept., 1896,
6,035,475 bales, against 4,545,497 bales for the same period of
1895-6, showing an increase since Sep.l, 1896, of 1,489,978 bales.
Receipts at—

Sat.

G a lv e sto n ........
Tex. C ity, Ac.
New O rle a n s...
M obile...............

Mon.

Wed.

Thurs.

F ri.

3,014

6,327
495

3,122
388
1,174
571

1,962

2,723

2,170

2,605

934

179

836

414

95

496

285

172

287

496
327
480
571
1,274
720

736

703

989

733

321

257

299

T ot’la th is w eek 23,898 14,006 17,463

9,952

B o sto n ..............
Philadelph’a,Ac

2,556

Til 68.
4,009
863
6,933
1,447

S a v a n n a h .........
B rnnsw ’k, &e.
C h a rlesto n .......
P t. Royal, fcc.
_
W ilm ington_
W ash’to n , &c.
Norfolk..............
N ew port N.,Ac.

2,648
2,879
7,638
498
3,010
1,685
1,309
268

1,991
317

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

411

...... ___

12

12

71
7
580
128
214
362
709

1,406
7
4,237
455
480
2,073
\,6 3 fi
1,816

9,685 20,262

95,266

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

89

Total.

3,750 19,099
943
5,073
5,361 29,424
2,304
5 ,632
1,463
1,570 12,715
1,978
3,287
810
3,441

273

25

The following shows the week’s total receipts, the total since
Sept. 1, 1896, and the stock ro-mgat, compared with last year.
March 5.

1896-97.
This Since Sep.
Week. 1 ,1 8 9 6 .

1895-96.
TMs Since Sep.
Week. 1, 1895.

G alveston ... 19,099 1,256,891 10,341 832,908
97,221
Tex. 0.,& c.
5,073
2,349
96,226
New Orleans 29,424 1,857,523 27,197 1,531,660
M obile..........
5,632 262,392
2,136 180,304
Florida.........
73,199
24,909
4,473
Savannah... 12,715 758,638 14,893 629,523
Br*wick, Ac
3.976 109,539
3,287 139,461
Charleston..
3,309 201.425
3,441 374,639
P. Royal, Ac
58,498
58,144
19
12
Wilmington.
1,406 230,447
1,739 156,365
833
Waah'n,&o.
7
6
749
N orfolk. . . . .
4,237 639,916 10,777 275, L17
Y'port N.,Ac.
15,19}
1,281 154,815
455
New Y ork...
42,828
2,146
44,65(
480
Boston..........
2,073 140,230
3,292
81,135
B altim ore...
1,636
55,425
315
44,301
Phlladel.,<S£0.
1,816
32,143
1,510
31,351

Stock.

86,008
4,792
340,820
24,771

68,627
8,504
314,438
28,909

60,915
2,279
34,799

65,157
6,074
35,693

12,559

9,996

17,444
100
261,602
20,000
14,295
5,239

32,512
5,098
180,394
19,000
17,461
10,056

Pork has had a slightly better sale and prices have ad­ T o ta ls....... 93,266 6.035,475 85,286 4,545.49: 885,653 801,919
vanced to $8 5C@$9 00 for mess. The home trade has been a
In order th a t comparison may be made with other years, w e
fair buyer of tallow and prices have advanced to Z%?. Oleostearine has advanced to 4^@4J^c. Cotton seed oil has been give below the totals at leading ports for six seasons.
quiet and prices nave weakened slightly, closing at 20c. for
1892.
1895.
1894.
1893.
1896.
prime crude and 23J£c. for prime yellow. Fresh eges have Receipts a t— 1897.
declined but the close was steady at i Z } ^ . for choice Western. G alves’n &o, 24,172 12,690 17,895
11,742
5,987
12,276
Coffee of Brazil growth has had only a very limited sale, New Orleans 29,424 27,197 44,281 30,162 20,911 38,133
and as offerings have increased slightly the close was easy at M ob ile.........
5,632
2,660
2,136
2,170
1,881
1,251
9%c. for Rio No. 7 on the spot and 9}^c. to arrive. The de­ S avannah... 12,715 14,893 13,023
9 ,6 13
3,622
11,804
mand for the mild grades has been quiet but prices have Ohas’ton, &e
3,453
3,879
3,328
8,797
2,551
1,770
held steady, closing at 1634c. for good Cucuta and 24@25o. Wilm'ton,Ao
293
1,413
1,745
1,433
1,776
1,906
for standard Java. There has been a quiet market for con­ N orfolk.......
5,792
7,035
11,113
4,237
10,777
3,657
tracts and prices have declined under increased crop esti N. News, &o.
1,163
5,347
455
1,281
5,717
3,498
mates, closing dull. Following were the final asking prices: aU oth ers... 13,705 11,239 17,282
10,829
9,031
8,537
Marob................ 8'95o. J u n e.................. 9 -OOo. I S ep t................... 9 00o.
April................. 8-95o. J u ly .................. 9 00o. O ct.................... 9 05o.
M a y ............
8'95o. A u g................... 9*00c. I D eo.................... 9-05o.

Tot. this wk.

95,266

85,286

119,835

70,051

55,575

93,390

A limited amount of business was transacted in sugar at ■ilnoe Sept. 1 6035.475 4545,497 6856,031 5306,779 4403,966 6286,138
slightly lower prices, but the close was firm with these figures
The exports for the week ending this evening reach a total
bid and sellers as1 ing former prices. Centrifugals 96-deg. af 122,421 bales, of which 58,272 were to Great Britain, 8,910
test quoted at 334@3J4c., and muscovado 89-deg. test at 2%c. to France and 55,239 to the rest of the Continent. Below are
bid. Refined sugars have had a better sale at
decline, the exports for the week and since September 1, 1896.
closing at 4J4c. for granulated. Teas have been steady. The
From Sept 1, 1890, to Mch. 5, 1897
Week E nding itc h . 5 ,1 8 8 7 .
passage of the bill preventing the importation of adulterated
E x p o rted to—____________
E xported to—________
teas has had a favorable influence.
G reat
Conti­ Total
Great
Conti­
from—
Kentucky tobacco has been in demand for desirable grades
France nent. Week. B ritain. France nent.
T o ta l.
BriVn.
at firm pricts. Sales made, however, have been small, owing
G la lv e s to n ........ 13,058
11,750 25,411 059,390 101,994 251,103 1,103,353
to light stocks. Seed leaf tobacco ba3 continued in demand
17,652
Tex. C ity , A c ..
010
17,052
010
at strong prices. Sales for the week were 6,565 cases.
Sew O l e a n s
The market for Straits tin has been quiet and prices have M o b ile r............... . 28,030 7.285 10,832 47,047 099,247 351,970 436,000 1,487,229
127,501
23,492 150,993
declined, closing at 13'40@13'50c, Ingot copper has had only F l o r i d a ............ 4,417
68,299
52,897
5,402
4,417
a limited sale and prices have weakened slightly, closing at S a v a n n a h ___
48.203 15,341 310,746 380,350
12,798 12,798
ll'90@12c. for Lake. Lead has been in fairly active request
3,805
92.290
88,131
2,001
2,001
and prices have advanced, closing firm at 3'40@3'45c. C h a r l e s t o n . .
78,339
2,100
2,100
176,426 254,705
50,074
for domestic. Spelter has also advanced slightly, and the P o r t R o y a l . . . ,
60,671
95,431
104,803 200,234
close was steady at 4‘10@4'15c. for domestic. Pig iron has W ilm in g to n ..
N o r f o lk ...........
34,082 179,479
1,123
400
1,523 * 140,197
5,200
been quiet but steady at $10 25@$12 50 for domestic.
9,280
9,280
’p t
,
Refined petroleum has been dull, closing at 8'30c. in bbls , N ewo rY Nr k A..c..
N
o . .
134.295 393,272
8,414
975
9,048 13,407 237,710 21,267
3’80c. in bulk and 7c. in cases; naphtha dull at 6}^c. CruJe
1,900 190,030
2,848
3,020 194,070
17*
certificates have been neglected. Credit balances have been B a ltim o r e ....... 1,900
48,615 125,500
3,550
0,10*
09,533
7,452
050
steady at 91c, Spirits turpentine has further advanced and P h i l a d e l p h i a . .
8,494
449
8,01 f.
008
008
the close was steady at 30c.@30‘£o. Rosins have been dull 8 . F r a n ., A c ....
47.874
47,263
3,250
3,250
021
and closed lower at $1 65 for common and good strained.
8,910 55.23P 122.4 21 2.595.041 603,230 1,002.909 1 761,780
58,272
Wool has bad a fair sale at firm prices. A and B super pulled T o t a l .
T o t a l , 1895-96. 4^,504
1,030 10.721 85.855 1,000,925 401.110 1.875.589 3.377,624
have advanced % c. per lb. Hops quiet and easier for State.

THE CHRONICLE.

474

In a d d it io n t o a b o v e e x p o r t s our t e le g r a m s t o - n i g h t a ls o
g i v e a - t h e f o llo w in g a m o u n t s o f c o t t o n o n s h ip b o a r d , n o t
c le a r e d . at t h e ports n a m e d .
W e a d d s im ila r fig u r e s fo r
N e w \\> r k , w h ic h are preiuiWHl fo r o n r s p e c ia l u se b y M essrs.
L a m b e r t ,S B a r r o w s . Produce E x c h a n g e B u ild in g .
JfaryA
H ew

5 ml—

OrI«Ks&.,.

0^j*iiee$*oQ

..........
N
.....
K#w Y o rk .. . . . .
OtiSMr p o r t a ....

ox fait*0OAito * K & t QLE4RE!> f O S -

T h e S a l e s a n d P r ic e s o f F u t u r e s a t N e w
sh o w n in t h e fo llo w in g c o m p re h e n s iv e ta b le ,

Omtsiimse.

Total.

<3*584 12,133 40,314
0,472 9,38 S 0,197
Hon©. 10,000
mm*
Nootf. None.
2,200
eo o
6,800 None.
1,200
4,100 Non©
1,000
3,800
4,500
5.000
8,000 None.

025
613
None.
1,880
Nona.
3.000
N one.
N one.

59,766
*22,700
10,000
4,080
7,400
8.300
9.300
13,000

281,054
03,308
60,945
30,719
17,371
9,144
252,303
46,261

T o ta i 1 8 ^ 7 ...

38,466

69,311

6,148

134,546

751,107

T o ta l l i t # . . .
T o ta l l i t 5 . . .

76,217 16,850 66,173
51,705 22.226 71,806

14,309
16,504

174,019
162.241

627,870
787,752

8 j e r u d i t io n in c o t to n fo r f u t u r e d e liv e r y b a s b e e n q u ie t
a n d t h e t e n d e n c y o f p r ic e s h a s b e e n d o w n w a r d . F o r e ig n
a d v ic e s h a v e b een d is a p p o in tin g . T h e d e m a n d fo r a c t u a l
c o t t o n in th e E n g lis h m a r k e ts h a s s h o w n s o m e t h in g o f a
s h r in k a g e a s a r-.su it, i t is s t a t e d , o f t h e d ip lo m a tic s it u a t io n
o f E u r o p e . T h e in te r io r m o v e m e n t o f c o t t o n h a s in c r e a se d
s l i g h t l y , d u e, so i t is r e p o r te d , t o t h e la r g e e x p o r t p u r c h a s e s
r e c e n t ly m a d e . A s a c o n s e q u e n c e lo n g s h a v e b e c o m e so m e ­
w h a t t im id a n d h a v e s h o w n a d is p o s it io n t o liq u id a te th e ir
h o ld in g s
S a tu r d a y th e r e w a s a n a d v a n c e o f 6 t o 11 p o in ts
in p r ic e s, T h e r e w a s m o d e r a te b u y in g fo r f o r e ig n a c c o u n t
a n d S o u t h e r n a d v ic e s r e p o r te d a c o n t in u e d e x p o r t d e m a n d
fo r s p o t c o t t o n , w h ic h in d u c e d so m e b u y in g fo r lo c a l a c c o u n t.
On M o n d a y , h o w e v e r , t h e m a r k e t t u r n e d w e a k e r . F o r e ig n
a d v ic e s w e r e d e c id e d ly d is a p p o in t in g ; d e m a n d a t t h e S o u th
fo r c o t to n w a s s m a lle r a n d t h e r e w a s s o m e s e llin g b y lo n g s
to r e a liz e p r o fits. T h e c lo s e w a s a t a d e c lin e o f 3 to S p o in ts for
t h e d a y . T u e sd a y t h ere w a s a f u r t h e r b r e a k in v a lu es. A d v ic e s
fr o m a b ro a d w e r e a g a in d is a p p o in t in g a n d t h e c ro p m o v e ­
m e n t w a s l a r g e r ; t h i s p r o m p te d in c r e a s e d o ffe r in g s a n d
p r ice s c lo s e d a t a d e c lin e o f 9 t o 13 p o in ts .
W e d n e sd a y
th en * w a s a q u ie t m a r k e t b u t u n d e r a d v ic e s fr o m M a n c h e ster ,
E n g la n d , r e p o r tin g a f a l l i n g o f f in t h e d e m a n d fo r s p o t c o t to n
a n d c o n t in u e d s e l li n g b y lo c a l tr a d e r s, p r ic e s f u r th e r d e c lin e d
1 t o 5 p o in ts
T h u r s d a y t h e d o w n w a r d c o u r se o f p r ic e s c o n ­
tin u e d . T h ere w a s s e llin g b o t h fo r f o r e ig n a n d S o u th e r n
a c c o u n t a n d a s p r ic e s d e c lin e d s to p o r d e rs w e r e r e a c h e d a n d
t h i s a d d ed t o t h e w e a k n e s s. T h e c lo s e w a s b a r e ly s t e a d y a t
a d e c lin e o f 1 0 @ 1 1 p o in ts fo r t h e d a y . T o -d a y t h e m a r k e t
o p e n e d a t a d e c lin e o f 2 t o 8 p o in ts in r e sp o n se t o w e a k e r
fo r e ig n a d v ic e s b u t t h e “ b e a r " in t e r e s t w a s n o t a g g r e s s iv e
a n d o n t h e e x e c u t i o n o f n e w b u y in g o rd ers, a t t r a c t e d b y
t h e lo w p r ic e s , t h e lo ss w a s m o r e t h a n r ec o v er ed - T h e c lo s e
w a s firm a t a n a d v a n c e o f 3 to 5 p o in t s fo r t b e d a y . O n
S a tu r d a y a f a ir e x p o r t b u s in e s s w a s tr a n s a c te d in sp o t c o tto n
a t t o. a d v a n c e b u t t h i s w e e k t h e m a r k e t h a s b e e n d u ll a n d
p rice? d e c lin e d l- l' i c . o n T u e sd a y , l-1 6 c . o n W e d n e s d a y a n d
' R . T h u r s d a y . T o -d a y t h e m a r k e t w a s q u i e t b u t s te a d y ,
c
m id d lin g u p la n d s c lo s in g a t 7 8-16c.
T h e t o t a l s a le s fo r fo r w a r d d e l iv e r y fo r t h e w e e k are
798 .'WO b a le s. F o r im m e d ia t e d e liv e r y t h e t o t a l s a le s fo o t
u p t h is w e e k 20.'-*19 b a le s, i n c lu d in g 1,700 fo r e x p o r t , 1,719
fo r c o n s u m p t i o n .------ fo r s p e c u la t io n a n d 23.800 o n c o n t r a c t .
T h e f o llo w in g a r e th e o ffic ia l q u o t a t io n s fo r e a c h d a y o f th e
p e s t week — F eb ru a ry 37 t o M arch 5.
On th e b a s is o f t h e r a te s o n a n d o i l m id d l i n g a s e s ta b lis h e d
b y t h e K e v isio n C o m m it t e e , t h e p r ic e s for a f e w o f t h e
g r a d e s w o u ld b e a s fo llo w s :

UPLANDS.

S o t,

Good O n tJiu K ry ,,..,......... ......
h a w M IM itns?....................... .
MKMUlmr.......................................
Good. aiM atiKK...__________
m & m n x F air................

S]i«
7*j,-

GULF.
G o o d O p iin » ry .. . . . . . . . . . . . . . . .
Low M!4fliijQfe'............................
M id d lin g ....;.,....... ...................
G®cw! Mio.4ijng....... ...................
M iddling F a ir ........................
STAINED.
Lo-w M iddling-. . . . . . . . . . . . . . . . . .
M id d lin g .... ...............................
S ltln t Mtddl lu g . . . . . . . . . . . . . . . . .
Gci-od Muddling Tltt«f©4,

J lo n ru e »

W ed

6%
7
7%

fh a

84

III,

F rl.

6518
«l»v
75, „
7<Sj
85, b

0«*
74

7%
Bhn
H ilt.

83,0 77T
6 » ,a 613,8
7S,a
7^
74
74
86 0 6 H
84a
S ' io
W o n F u e s W ed T il. F rl.

6 'l p
76 •„

t o

7%
87,a

67ia
7 ', a
71,8
74
85,.

67,8
7 ‘l«
74H
85„

H o ii T u e * W e d

T l> .

F rl.

V'1 Vh*
*

8»„
H a t,

O’5m

T»
X

8».„

m ln
Zj q
7T,S
7 *10

64
7
7“*j
7^9

5ifiI6
6 'm
2:*>«
'■■ns 6 « 8v
75,« 73I< T h ? .
3

MARKET AND BALES.
5AJLES OF SPOT AUD CONTRACT.

Sales o f
Fz~ ! Oon- \Spec- Oim- ( _ J , F uture«.
port. J su m p p u T a <roct. j ToU*l.
i
Bai’d a y . iB tm A j a t % a d .. 1,700
147 . ..
. . . . ! B47 110,900
M onday. JQaiet*,.. . . . . . .
---858 ---- 20,500.20,853
161,800
TttgadAy (Q a le t a t l 1g d e c.
... j 520, . . . . ) 1.700; 3,220 118,600
W ed’day q o le f a t i »g d©o
.. . . ;
188 ---600
788 108,700
TN’d a y .. ■ nm . m % d ec..
Q
— ■ 227; . . . .
....
227 146,600
F rid a ? .. q u i e t A s te a d y .
•- • j
269 ..................j 269
149,000
T o ta l_
_
'-.700 1.7191 ....... 22,800i26,219 798,600
CLO«BI>.

Y o rk , are

Lt-aving
ittoek.

Other
GrtaS
B'riUiin, ; P runef. Foreign

22.621

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11

* Include? sales in S eptem ber, fo r S eptem ber, 15,100: S e p te m b e rO otober, for O ctober, 3S1.800; S optem ber-N ovem ber, for N o v em b er,
372.000; Septem ber-D oceinber, for D ecem ber, 2,290,000; S e p te m b e rJ a n u a ry , fo r J a n u a ry , 7,111,100.
t y We h a v e included in th e above ta b le , a n d sh a ll c o n tin u e e a o h
week to g iv e, th e a v e ra g e price of fu tu re s each day fo r ea c h m o n th . I t
will be fo u n d u n d e r ea c h d a y follow ing th e a b b re v ia tio n " A v ’g e,” The
av erag e for eaoh m onth fo r tho w eek la also g iv en a t b o tto m of ta b le .
d f F o r e x c h a n g e s s e e p a g e 476.
T h e V i s i b l e S u p p l y o f C o t t o n t o - n i g h t ,a s m a d e u p b y c a b l e
a n d te le g r a p h is a s f o llo w s . T h e C o n t in e n t a l s t o c k s , a s w e l l a s
t h o s e f o r G r e a t B r i ta in a n d t h e a flo a t a r e t h i s w e e k ’s r e t u r n s ,
a n d c o n s e q u e n t ly a l l t h e E u r o p e a n f ig u r e s a r e b r o u g h t d o w n
to T h u r s d a y e v e n in g . B u t t o m a k e t h e t o t a l s t h e c o m p le t e
f ig u r e s fo r t o - n i g h t ( M ch. 5), w e a d d t h e i t e m o f e x p o r t s fr o m
t h e U n it e d S t a t e s , in c lu d in g in i t t h e e x p o r ts o f F r id a y o n ly :

THE CHRONICLE.

March 6, 1897.]

1897.
1896
1895.
1894.
.b a le s . 1,396,000 1,148,000 1,860,000 1,800,000
Stook a t L iverpool
3,000
5,000
7,000
7,000
8 to ck a t London.
T o tal G re a t B rita in sto c k . 1,399,000 1,153,000 1,867,000 1,807,000
26,000
30.000
24.000
Stock a t H a m b u rg ...................
19,000
Stock a t B re m e n ....................... 21.9,000 278.000 347.000 217.000
20.000
16.000
9.000
8t«ck a t A m ste rd a m ...............
6,000
200
200
200
Stock a t R o tte r d a m .................
300
20,000
16,000
11,000
Stoek a t A n tw e rp .....................
12,000
309.000 529.000 470.000
Stook a t H a v r e .......................... 226,000
7,000
5,000
7.000
5,000
8tock a t M arseilles
71.000
64.000
77.000
87.000
Stook a t B a rc e lo n a ..................
17.000
71.000
54.000
30.000
Stock a t G en o a..........................
18.000
13.000
23.000
14.000
Stook a t T rie s te ..................... .
T o ta l C o n tin en tal stocks.. 618,300 8 L6,200 1,073,200 860,200
T o ta l E u ro p ean sto c k s— 2,017,300 1,969,200 2,940,200 2,667,200
75,000 160,000
In d ia c o tto n afloat fo r E u ro p e 130,000 150,000
A m er.cotton afloat fo r E u ro p e 293,000 355,000 3 S2,000 320,000
34,000
52,000
37,000
35,000
E gypt.B razil,& o.,afit.for E’pe
Stock in U n ited S ta te s p o rts . 885,653' 801,919 949.993 837,676
Stock in U. 8. in te rio r tow ns.. 350,127 384,268 388,860 322.111
11,137
14,856
16,004
34,173
U n ited S ta te s e x p o rts to -d ay .
T o ta l v isib le suD ply.......... 3,756,253*3,703,524 4,754,909 4,374,991
O tth e above, to ta ls or A m erican a n d o th e r d escrip tio n s a re a s foUowe:
A m erica n —
L iverpool sto c k ..............b ales. 1,225,000 962.000 1,713,000 1,528,000
C o n tin en tal s to c k s................... 553,000 718.000 995,000 746,000
f — m
320,000
n
A m erican afloat fo r E u ro p e .. 293,000 i355,000 352,000 n
U nited S ta te s s to c k ................. 885,653 801,919 949,993 837,676
U nited S tates in te rio r s to c k s. 350,12 7 384,268 388,860 322,111
11,137
14,856
16,004
U n ited S tates e x p o rts to -d ay .
34,173
T o ta l A m erican ..................3,340,953 3,232,324 4,413,709 3,769,791
E a st In d ia n , B ra zil, die.—
L iverpool sto c k ......................... 171,000
186,000 147,000 272,000
L ondon sto c k ................
3,000
5,000
7,000
7,000
C o n tin en tal sto c k s...................
6S.300
98,200
78,200 114,200
In d ia afloat fo r E u ro p e ........... 139,000 150,000
75,000 160,000
E g y p t, B razil, &c., aflo at.......
37.000
35,000
34,000
52,000
T o ta l E a s t In d ia, A c......... 415,300 474,200 341,200 605,200
T o ta l A m e ric a n ................. 3,340,953 3,232,324 4,413,709 3,769,791
T o ta l visib le s u p p ly ......... 3,756,253 3,706,524 4,754,909 4,374,991
M iddling U pland, L iverpool..
3**3*d«
4^d.
3iied*
43,ad.
M iddling U pland, New Y ork.
7*1*0.
7^c.
5>316o.
7580.
E g y p t Good Brow n, Liverpool
5*t6d.
6*16d.
4i*>ied.
5>sd.
P eru v .R o u g h Good, Liverpool
B ^d.
6%1.
5*sd.
5i3u d.
B roach F in e, L iverpool...........
3 i5 iad.
4*ed.
S^d.
4716d.
T innevelly Good, L iv e rp o o l..
3ii32d.
41 .
sd
3316d.
4&ied.

$ £ T The imports into Continental ports the past week have
been 131,000 bales.
The above figures indicate an in crea se in the cotton in sight
to-night of 49,729 bales as compared with the same date
of 1896, a falling off of 998,656 bales from the corresponding
date of 1895 and a decrease of 618,738 bales from 1894.
A t t h e I n t e r i o r T o w n s the movement—th a t 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.

Q u o t a t io n s

475

for

M id d l i n g C o t t o n

-»

:
*

- P3 - # !

C L O S IN G Q U O T A T IO N S F O R M ID D L IN G C O T T O N O N —

S a tu r.

Mon.

Vues.

Wednes.

Thurs.

F ri.

G alveston.. .
New O rleans
M obile.........
S a v a n n a h ...
C h arleston..
W ilm ington.
N orfolk.......
B o sto n .........
B a ltim o re . .
P hiladelphia
A ugusta.......
Memphis---St. L ouis_
_
H o u sto n _
_
C in c in n a ti..
L ouisville-..

78s
7*18
7
7
7

7*4
7*16
7
7
7

7*4
7*n

73,6
7*8
7
6 7s
G78
n
71,6
7*8
7*8
79.6
7*8®316
7
7*8

71,6
71,6
7
613,«

71,6
71,6

6 78

6 78

7*16
75, b

7
7
678
7 l 16
71,6
7%
71>8
7*4
71,6
7*8
7*4
7*8
7*8

7*16
7 716
7%
71*18
7*4
7*16
7*8
73 j 8
7*8
7

71*16
7*4
7
7*8
7*8
7
7

* “

6 lo,8

71,6
7
7*8
7*4

6T
s
e^s N a to h e z ..........
A tlan ta . . . . . . . .
6U |g I E u fa u la _____
C h a rlo tte ......... 7 ^ I,1ttle R o o h ....
t i -2 R a le ig h ......... .
6 7s
Colum bus, G a.
6% M o n tg o m ery ...
6% S elm a............. .................
Colum bus.M iss
6H I N a s h v ille ..........
6 7s S h re v e p o rt... . .
67xs
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 .— T h e f o l lo w in g t a b l e
i n d ic a te s t h e a c t u a l m o v e m e n t e a c h w e e k f r o m t h e p l a n t a t i o n s .
The f ig u r e s d o n o t i n c l u d e o v e r l a n d r e c e i p t s n o r S o u t h e r n
c o n s u m p tio n ; t h e y a r e s i m p l y a s t a t e m e n t o f t h e w e e k l y
m o v e m e n t fro m th e p la n ta tio n s o f t h a t p a r t o f th e c ro p w h ic h
fin a lly r e a c h e s t h e m a r k e t t h r o u g h t h e o u t p o r t s .
tVeek
E nding—
Jan.
K eb .
*
“
“
M ch .

Receipts a t the P o rts. St'k a t In terio r Tovms. Rec}v ts f r o m P la n V n s.
1897.

1896. 1 1895.

1897.

1896.

1895.

1897.

1896.

1895.

2 9 ........ 138,302 122.902j199,835 471,186 505,878 489,801 106.571 95,092 182,156
5 ........ 101,664 113.589,155.098 444,400 479,143 466,453 74,778 88,854 131.750
1 2 ........ 119,423 106,446 132.989 429,094 458.279 442,289 104,117 85.582 108,826
1 9 ........ 84,394 109,396 | 91,807 101,905 438,4«7 420,269 57.745 89,603 69,787
2 0 ........ 84,395 95.659 137.940 374,238 410,983 402,728 56,728 68,155 120 399
5 ........ 95.260 85.286'119,835 350.127 384.268 388,860 71,155 58.671 105,967

The above statem ent shows: 1.—That the total receipts
from the plantations since Sept. 1, 1896, are 6,26),0b3 bales; in
1895-96 were 4,897,u65 bales; in 1894-93 were 7,187,559 bales.
9.—That although the receipts at the outports the past week
were 95,263 bales, the actual movement from plantations was
only 71,155 bales, the balance being taken from the stocks at
the interior towns. Last year the receipts from the plantations
tor the week were 58,571 bales and for 1895 they were
105,987 bales.
fo r th e

W

eek and

S i n c e S e p t . 1 .—

1896-97.
TTeefc.

IS

!

■
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s-s

zf
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*
*
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>•“
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-t
X tot CO© X — - © X © X t — c
o
1
o
.
* T his y ear’s (Inures estim ated .
I L ast y ear’s a z u re s a re for N ew berry, 8. C.
? to © © ce h V o >^ - O X © O5C0 X ©QD © V k ’^-'bi^lQ O CaV 05 C 05
O

Ihipped—
Via St. L o u is.................... ............
Via C a iro .........................................
Via P a r k e r ....................................
Via E v a n sv ille .............................
Via L o u is v ille .....................
Via C in c in n a ti...............................
Via o th e r ro u tes, &o....................

Since
Sept. 1

1895-96.
Week.

Shice
Sept. 1.

436,794
234,680
14,003
2,387
116,492
114,140
103,478

10.788
5,361
155
8
3,616
5,290
1,940

435,073
201,435
13,553
68
110,140
73,655
75,332

25,361 1,021,974

27,158

909,256

6,005
84
1,345

270,626
3,315
27,222

7,263
266
874

202,003
2,870
35,861

7,434

301,163

8,403

240,734

L eaving to ta l n e t o v erlan d * .. 17,930 720,811
* tnoludm g m ovem ent by ra il to C anada.

18,755

668,522

T otal gross o v e rla n d ................
deduct shipm ents—
O verland to N. Y., b o sto n , & o..
Betw een in te iio r to w n s..............
in la n d , Ac., from S o u th ...
T o ta l to be d e d u c te d ................

9.678
3,619
596
209
2,728
4,501
4,033

The foregoing shows th at the week’s net overland movement
this year has been 17,930 bales, against 18,755 bales for the
week in 1896, and th at for the season to date the aggregate net
overland exhibits an increase over a year ago of 5 <.289 bales.

©
C
O
H
tfe
i
£ B> D *>** C*©*0 C fr305 O -Q» < . * £ yi (X © D05 © -1 —
>
05C ^-*C to T J-**y»-**-*©v*©*».cocow4 X ro ■,+ © oo^to coo* co CO ©
flJC
u
^ © '■ © 05 *i —
*
'tooo5M^ooM*V. go©<*©'©w ©
bJDCJO JOtCMM - i**0*iflk^C5C5»00»^-slOcwC5050'tt050M050«
* C30t^^0W05#^Ot0C0O»JOC0CXJC0<0C0i»-t0^vf»^10DC0O»®CDO'0t0
-

05*^-*

7
7
73,6
73,6
71,6
7*8

The closing quotations to-day (Friday) at other im portant
Southern markets were as follows.

:

WWtOMVM
© -1 © i- C 10 —© —
*
S
tP*cito©©©<t->--cwaDCOk-*»-(y«*.©wci03©**to©*©©<i©©^j^j-^

O

7
71,3
7"n
73g
71,6
7*8
61*16
71,6
7*8
7*8
7*8

7*8
7*8

M arch 5.

_

6 78
6%
6 78

6 78

We give below a statem ent showing the overland movement
fox ine 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
i,ue 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. 5
and since Sept. 1 in the last two years are as follows.

Qg
-73 2

* o:
o<3
® E:
£2
g : ; 2; : : :

O t h e r M a r k e t s .—

March 5.

O v e r l a n d Mo v em en t

H H ®0
H | OS

at

Below are closing quotations of middling cotton at Southern
and other principal cotton markets for each day of the week.

I n S ig h t a n d S p in n ers’
T akings.

Is-l

Receipts a t p o rts to Mch. 5 ____
Net overland to Mch. 5 ..................
Southern consum ption to Mch. 5.
T o ta l m a r k e te d ...........
In terio r stocks in e x c e s s.

1896-97.
Wee*.

Since
Sept. 1

95,266 6,035,475
17,930 720,811
19,000 547,000

Week.

Since
Sept. 1.

85,286 4,545,497
18,755 668,522
18,000 534,000

132,196 7,303,286 122,041 5,748,019
* 24,111 229,533 *26,715 351,568

Cam e Into sig h t d u rin g w eek. 108,085
7,532,819
T otal In sig h t Mch. 5 .............. .
North’n sp in n e rs ta k ’gs to M ch.5.
* D ecrease durin g week.

1895-96.

95,320

6,099,587

34,929 1,301,110 46,096 1,305,148

The above totals show th at the interior stocks have rlcareaxed
during the week 2 t,ill bales and are now 34,141 hales less
It will be seen by the above th at there has come into sight
than at same period iast year. The receipts a t all the tow rs during the week 108,085 bales, against 95,326 bales for the
bavebeen 15,858 bales m o r e than same week last year and since same week of 1898, and th at the increase in amount in sight
Sept. 1 they are 845,939 balas m o r e than for same time in 1895-8. to-night as compared with last year is 1,433,232 bales.

THE CHRONICLE.

476

1Voi,. LX IV,

W e a t h e r K i, ports by T k l f o r a v u .— A d v ic e s to u s b y te lMontgomery, Alabama. — T h e C o m n is s io n e r o f A g r i c u l t u r e
eg ra jth t i n » e v e n in g d e n o te t b t t w h ile r a in h a s b een q u ite o f A l a b a m a s a y s t h e s a le s o f f e r t il i s e r t a g s h a v e b e e n u n ­
g e n e r a l a t th e S o u th *iuii«K t h e w o k , s s a r u le t h e pre­ p r e c e d e n t e d ly h e a v y , a n d i t is f e a r e d t h a t t o o m u c h c o t t o n
w i l l a g a in h e p l a n t e d . W e h a v e h a d r a in o n t w o d a y s o f t h e
c ip ita tio n Isits b een lig h t. T e m p e r a tu r e h a s b een a lit t le w e e k , t h e p r e c ip it a t io n r e a c h in g t w e n t v - t h r e e h u n d r e d t h s o f
lo w e r , l a T - x s - g o o d p r o g r ess h a s b een m a d e w it h fa r m in g a n in c h . T h e t h e r m o m e t e r h a s a v e r a g e d 5 2 , r a n g in g f r o m 48
o p e r a tio n * , much c o rn h a r in g a lr e a d y b een p la n te d a n d prep ­ , 0 nr, ,,5 I o n t b ’8 r n 'D fa h f iv e i n c h e s a n d s i x t y - f i v e h u n d r e d t h s .
Mobile. A l a b a m a .— P l a n t i n g p r e p a r a t io n s a r e b a c k w a r d
a r a tio n s n o w b e in g u n d e r w a y fo r p la n tin g c o tto n , I n so m e
T h e r e lia s b e e n n o r a i n .t h e p a s t w e e k .
T he th e r m o m e te r has
p o r tio n - o f th e S ta te ra in w o u ld bo v e r y b e n e fic ia l, a s g ro u n d a v e r a g e d 5 4 , t h e h i g h e s t b e in g 71 a n d t h e l o w e s t 3 2 . M o n t h ’s
b r a th er d ry . T h e D e p a r tm e n t o f A g r ic u ltu r e o f A la b a m a r a in f a il, s e v e n i n c h e s a n d s e v e n t y h u n d r e d t h s .
rep orts th a t sa le s o f f e r t ilis e r ta g s h a v e been v e r y h e a v y ,
Madison, Florida . — P r e s e n t i t d io a H o n e a r e t h a t H ie c o t t o n
Oalvrxton. Texas. —T h e w e a th e r d u r in g th e w e e k has been a c r e a g e w i l l b e a b o u t t h e s a m e a s la s t s e a s o n . T h e r e h a s b e e n
v e r y f a r o rat le fo r fa r m in g o p e r a tio n s a s a r u le , b u t th e n o r a m d u r in g t h e w e e k . A v e r a g e t h e r m o m e t e r 6 8 , h i g h e s t
g ro u n d is b e g in n in g to g e t r a th e r d ry fo r s p r in g p la n tin g . A S6 a n d lo w e s t 31,
g en era l ra in w o u ld be b e n e ficia l t o fa r m in g in te r e sts. M uch
Savannah, Gfeorgia, — T h e r e h a s b e e n r a in o n t h r e e d a y s
c o rn is b e in g p la n te d , a n d p r e p a r a tio n s a r e n o w b u n g m a d e d u r i n g t h e p a s t w e e k , t o t h e e x t e n t o f o n e h u n d r e d t h o f a n
fo r p la n tin g c o tto n . Tin re h a s b een lig h t r a in on o n e d a y o f “ ° h V T h f‘ t h e r m o m e t e r h a s a v e r a g e d 5 4 , r a n g i n g f r o m 3 3 to
th e w t e k , th e r a in fa ll b e in g t w o h u n d r e d th s o f an in c h . 8 3 . M o n th 's r a in f a ll, e i g h t i n c h e s a n d e i g h t y - f i v e h u n d r e d t h s .
A v e r a g e th e r m o m e te r 37, h ig h e s t 09 a n d lo w e s t 45. M onth's
Augusta, Georgia,— W e h a v e h a d r a in o n t w o d a y s o f t h e
r a in fa ll, tw o in c h e s a n d t w e n t y - f iv e h u n d r e d th s.
p a s t w e e k , to t h e e x t e n t o f n i n e t e e n h u n d r e d t h s o f a n in c h .
Palestine, Texas,— W e h a v e h ad r a in on o n e d a y o f th e T h e t h e r m o m e t e r h a s r a n g e d f r o m 3 7 to 7 8 , a v e r a g i n g 51.
w e e k , to th e e x te n t o f e ig h t h u n d r e d th s o f a n in c h . T he F e b r u a r y r a i n f a ll , e i g h t in c h e s a n d f if t y - s e v e n h u n d r e d t h s .
th e r m o m e te r h as a v e r a g e d 34, th e h ig h e s t b e in g 78 a n d the
Charleston, South Carolina—R a in h s s f a lle n o n t h r e e d a y s
lo w t st £0,
D u r in g th e m o n th o f F eb ru a ry th e r a in fa ll o f t h e w e e k , t o t h e e x t e n t o f t w e n t y - r i g h t h u n d r e d t h s o f a n
r ea c h e d tw e n ty -n in e h u n d r e d th s o f a n in c h .
in c h . T h e t h e r m o m e t e r h a s a v e i a g e d 5 4 , t h e h ig h e s t b e in g
Huntsville. Texas.— T h e r e h s s b een ra in o n o n e d a y d u rin g io a n d t h e l o w e s t 3 8 . R a i n f a l l f o r t h e m o n t h , s e v e n i n c h e s
th e p a s t w e e k , to th e e x t e n t o f fo u r h u n d r e d th s o f a n in ob . S D d s i x t y - o n e h u n d r e d t h s .
T h e th e r m o m e te r h s s a v e r a g e d 56, r a n g in g fr o m 85 to 76.
Stateburg, South Carolina.—It h a s r a in e d l i g h t l y o n t h r e e
F eb ru a ry r a in fa ll s ix t y - t h r e e h u n d r e d th s o f an in c h ,
d a y s o f t h e w e e k , t h e p r e c ip it a t io n r e a c h i n g t w e n t y - o n e h u n ­
Dallas, Texas —G ood ra in s w o u ld be b e n e ficia l. G rou n d is d r e d t h s o f a n i n c h . T h e t h e r m o m e t e r h a s a v e r a g e d 5 0 '7
to o d r y fo r p lo w in g . W e h a v e h a d r a in o n o n e d a y o f th e r a n g in g f r o m 30 t o 7 7 , F e b r u a r y r a i n f a ll e i g h t i n c h e s a n d
past « e e k . to th e e x t e n t c f e le v e n h u n d r e d th s o f a n in c h . T he t h i r t y - n i n e h u n d r e d t h s .
th e r m o m e te r h a s r a r g e d from 33 to 73, a v e r a g in g 48; m o n th s’
Greenwood, South Carolina.—We h a v e h a d r a in o n o n e d a y
r a in fa ll o n e h u n d r e d th o f a n in ch .
d u r in g t h e w e e k , t h e p r e c i p i t a t i o n r e a c h i n g s i x t e e n h u n ­
San Antonio, Texas.—Bain is b a d ly n e e d e d . T h ere h a s been d r e d t h s o f a n i n c h . T h e t h e r m o m e t e r h a s r a n g e d f r o m 4 4 t o
lig h t rain o n o n e d a y o f th e w eek ," th e r a in fa ll b e in g e ig h t 0 0 , a v e r a g i n g 53.
h u n d re d th s o f a n in c h . A v e r a g e te m p er a tu r e 58, h ig h e s t 78
Wilson, North Carolina. — I t h a s b e e n d r v a ll t h e w e e k .
a n d lo w e st 38, F a b tu a r y l a i c f a l l tw e n ty -o n e h u n d r e d th s of A v e r a g e t h e r m o m e t e r 4 9 , h i g h e s t 7 4 a n d l o w e s t 24.
a n in c h .
T h e f o l l o w i n g s t a t e m e n t w e h a v e a ls o r e c e iv e d b y t e l e g r a p h ,
Luling, Texas. — R a in h a s fa lle n o n o n e d a y o f t h e w e e k to s h o w i n g t h e h e i g h t o f t h e r i v e r s a t t h e p o i n t s n a m e d a t
th e e x te n t o f se v e n h u n d re d th s o f an in c h . T h e th erm o m eter 3 o ’c l o c k M a r c h 4, 1 8 9 7 , a n d M a ic h 5 , 1 8 9 6 .
ha* a v e r a g e d 51), th e h ig h e s t b e in g 78 a n d th e lo w e s t 40
Mcli, 4 ,'9 7 . Itch , 5, ’96,
F eb r u a r y r a in fa ll t w e n ty -fiv e h u n d r e d th s o f an in c h .
Columbia, Texas.—It h a s b een d ry a ll th e w e e k . T h e therFeet.
Feet.
m o m . n r h as a v e r a g e d 60, r a n g in g from 43 to 77. D u rin g th e New O r le a n s ........... ...A b o v e zero of gauge.
11-9
11-5
M em p h is.....................................A b o v e zero of gauge.
29-9
8*8
m o n th o f F eb ru a ry th e r a in fa ll rea c h e d tw o in c h e s a n d th ir tv - N ashville....... .................A bove zero of gauge.
200
4-6
tb r e e h u n d re d th s,
J
S h re v e p o rt....................................A bove zero of gauge.
*0*1
14-6
Cuero, Texas. — W e h a v e h a d n o ra in d u r in g th e w e e k T he V ic k s b u rg ....................................Above zero of gau g e.
34-4
2*i-4
* Below zero of gauge.
th e r m o m e te r h e s r a n g e d from 40 to 78, a v e r a g in g 59. M on th ’s
r a in fa ll e ig h te e n h u n d r e d th s o f an in c h .
O v e r l a n d M o v e m e n t , & c „ t o M a r c h 1.— I n o u r e d i t o r i a l
Brer ham, Texas.—It baa b een sh o w e r y on o n e d a y o f the
w e e k , th e r a in fa ll r e t c h in g t w o h u n d re d th s o f an in c h . A v ­ c o lu m n s to -d a .y w ill b e f o u n d o u r r e g u l a r s t a t e m e n t s c f
e r a g e th ir u io iu e te r 55, h ig h e s t 75 a n d lo w e s t 35, F eb ru a ry o v e r l a n d m o v e m e n t , r e c e i p t s , e x p o r t s , s p i n n e r s ’ t a k i n g s , & c ..
pr< c ip ita iio n i h i i t y fiv e h u n d re d th s o f an in c h .
b r o u g h t d o w n t o M a rc h 1.
Fe,rt Worth, Texas.—h has r a in ed lig h t ly on o n e d a y o f th e
E x c h a n g e s .— T h e f o l l o w i n g e x c h a n g e s h a v e b e e n m a d e
w » ek th e r a in fa ll r e a c t in g e le v e n h u n d re d th s o f an in ch
h a s a v e ia g e d 48, l a n g i r g fro m 24 to 73’ d u r in g t h e w e e k :
■10 pd. to exch, 600 Moll, for Mav. ■02 pd. to exoh. 500 J u ly fo r Aug.
b ixiary r a in fa ll, o n e i r c h a n d e ig h t y h u n d re d th s
pd, to exeh.
Mch.
Aug.
tUathtrford. Texas.—Thire h a s been lig h t rain on on e d a y ■20 pd. to exoh. 900 Moll, fo r Aug. ■29 pd. to exoh. 300 Dee. f o r May.
■21
300
for
pd.
exoh. 100 Deo.
< f th e pent w , t k, th e n tio fa ll r e a c h in g e ig h t h u n d re d th s o f an ■04 pd. to exoh. 300 Nov. for Deo. •04 pd. to exoh. 100 Moh. fo r Sept.
It
to
for Mav
1 1 pd. to exoh. 1,900 M ay fo r Aug. ■10 pd. to exoh. 300 Moll, fo r May.
ir c h
T U . U i r m r m e n r h a s ra n g ed fr o m 23 to 74, a v e r a g in g
■03 pd. to exoh. 100 Dec. for Sept. *04 pd. to exch. 200 Nov. fo r Deo.
48. M onth's r a in fa ll, s ix te e n h u n d re d th s o f a n in ch
•10 pd. to exoh. 700 May for Aug.
•V:,r Orleans. Louisiana.—W e h a v e h ad n o rain d u r i n g th e ■09 pd. to exoh. 800 Moh. for Mav. •05 pd. to exoh, 200 A pr. fo r M ay.
■11 pd. to exch. 500 M -.y for Aug,
w e ek . A v e r a g e (h ern orneter 58.
8
•18 pd. to exoh. 400 Moh. fo r .Tilly. ■10 pd. to e x c h . 500 Oct. fo r Sept.
Shreveport, Louisiana.—T b e te h a s been r a in o n th r e e d a v s 07 pd. to exoh. 100 Mch. fo r May. ■02 pd. to exoh. 100 Ju ly fo r A ug ,
r 10 ! h - e x ! ? n t .... vw e u vy - r ,S h t uuuuream s of
c,f t ..v n t r e ig ui, h u n d red th s
I n d ia . C o t t o n M o v e m e n t F r o m a l l P o r t s .— T h e r e c e i p t s
S ? , f ih,'i T ,

7

” n :;o n ^ t’ r ,h.e s a t r »K ed 5 7 , t h e h ig h e s t b e in g
h u n d r e d th s

of In in c lhf . k w w ‘ 'U - M< n tL fi r a in f a ll f o r t y - t h r e e
l i
of an
Columbus, Mississippi.—It h a8 r n in e d o n o n e
nas a
u

d a y o f th e
vet-k i e
w e e k , t h c p rt c ip it a t io n r e a c h in g f o r t y - s e v e n h u n d r e d t h s o f
re
th
a n in c h . ^ ;!» •*' mm™c n eefle r hBSa®v e Ta f r.j a6 0 , g a in g in g fr o m 45
cr‘
w a ?
1 Jhe
.n e r t o
n r
n g fr o m 45
1 f 0;
» r a in f a ll, t w o i n c h e s a n d s i x t y o n e h u n d r e d t h s
Uinnd Mississippi.
Mississippi,—We h a v e h a d n o r a in d u r in g th e
Ltx L h c it n o tn e 'e r h a s r a n g e d f r o m 2 5 to 68, a v e r s e
in g 4 0 . -ilo n th s r a in f a ll, f o u r i n c h e s a n d t w e n t y - n i n e h u n d r e d th g ,

d u n m '- f e
M fM m ppi.-. W e h a v e b a d l i g h t r a in o n t w o d a y s
of a n S n A
P®at w * c a , t h e r a in f a ll b e in g s e v e n h u n d r e d th s
o f a n in c t-. A v e rag e t h e r m o m e t e r 5 7 , h i g h e s t 7 7 a n d lo w e s t
' f ittu t l ' T , U ,]l' t w o i,H'h<’« an<i H ix ty -s e v e n h u n d r e d th s
I*T
MttteRook, Arkansas.— T h e r e h a s b e e n r a in o n th r e e d a v s
during t h e w t e k . t h e p r e c ip it a t io n M a c h in e - t w e n ty - e io - h i
h u n d r e d t h s c f a n in c h ! Tfc’e t h e r m o m e t e r h i s a v e m f f i f i
UM b ig h t t h o n g 7 ! a n d t h e lo w e s t 2 1 .
g
'
H e le n a , A r k a n s a s — W e h a v e h a d r a in o n ftu r d a v s n t tb „

T<x,
I*,

w h

,]:

’

d r e d U is *

s

T
Thl!th Z T k * T
v ,' thr r m o m e te r
00
* nl,D fa11

f S

i,5ch an<1 e i « b t h u n d r e d th s !
h a s r a n g e d fr o m 20 to 65 a v e r
it e h e s an d tw e n ty -o n e bun-

S

S

S

a n d s h i p m e n t s o f c o t t o n a t B o m b a y h a v e b e e n a s f o l lo w s f o r
t h e w e e k a n d y e a r , b r i n g i n g t h e f ig u r e s d o w n t o M a r c h 4.
BOMBAY RSCE1PT8 AND SHIPMENTS FOR FOUR TEARS.

S h ip m en ts th is week. S h ip m en ts since Sept. 1.
Tear Great Conti­
Great
Conti­
B riV n nent. Total. B rita in n e n t.
Total.

’96-7 4.000 62,000 68,000 11,000 256.000 267.000
-95-6 3.000 24.000 27.000 27.000 324.000 351.000 57.000 735,000
67,000:1,103,000
•91-5
26.000 26.000
2,000 107.000 109.000 32,000:
-93-4 8.000 21,000 29,000 28.000 280.000 308.000 70.000 470,000
818,000
Shipm ents f o r the week.
Shipm ents since Sept. l .
Great
B rita in .
O aloutta—
1896-97..
1895- 96...
M a d ra s189697...
1898-96...
All o th e rs —
1896-97...
2,000
1896-06...
T otal all—
1896-97..
1895-96.

2,000

C onti­
nent,

i f f

a m f a l l th r e e i n c h e s a n d e i g h t y - f o u r h u n d r e d th * .

Great
_ ,.
B rita in . C ontinent

Total,

Total.

4.000
3.000

19.000
13.000

23.000
16.000

......

9.000
18,000

17.000
13.000

26,000
31.000

1,000
2,000

3.000
2.000

15.000

20.000

4 2,000
32.000

57.000
52.000

t.o o o
2.000

3.000
2.000

28,000
41,000

78.000
58.000

106,00©
99,000

EXPORTS TO EUROPE FROM ALL INDIA.

T! & £ " ,

1896-37.

7

S h ip m en ts
to a ll Europe
fro m —

T his
week.

Since
Sept. 1.

A ll o th e r p o rts

"•■ S r

Receipts.
This
Since
Week. Sept. 1.

66,000
3,000

T o ta l..

69,000

1895-96.
T his
week.

1894-95.

Since
Sept. 1.

T h is
week.

Since
Sept. 1.

267.000 27,000
106.000
2,000

351,000
99,000

26,000

109,000
78,000

373,000

450,000 26,000

187,000

29,000

THE CHRONICLE,

M a r c h 6, 1897.]

A l e x a n d r ia R e c e i p t s a n d S h i p m e n t s .—Through arran ge'
ments we have made with Messrs. Davies, Benachi & Co., of
Liverpool and Alexandria, we now receive a weekly cable of
the movements of cotton at Alexandria, Egypt. The following
are the receipts and shipments for the past week and for the
corresponding week of the previous two years.
A le x a n d ria , E gypt,
March, 3.
R eceipts (o a n ta rs* )....
n i i s w eek......... .........
8ince S ept. 1 ..............

1895-96.

1896-97.

1894-95

115,000
90,000
80,000
5,091,000
4,856,000
4,250,000
Thin ! Since | This ’ Since ! This
Since
week. Sept. 1. week. Sept. 1. week. Sept. 1.

E x p o rts (bales)—
To L iverpool ....... . 11,000; 261,000
To C o n tin e n t!.......... 6,000 228,000

7.000 274,000 8,000 219.000
5.000 225,000 113,000 244.000

17,000 489,000 12,000 499,000 21,000 463,000
T o ta l E u ro p e
* A c a n to r is 93 p o unds.
i Of whiob to America ]n 1396-07. 29,379 halos: tn 1895-96, 4 4.G72
bales; la l -194 95. 29.911 bales.

Ma n ch ester M a r k et .—Our report received by cable
to-night from Manchester states that the markei is firm for
yarns and quiet for shirtinge. Merchants are not willing to
pay present piices. W e.give the prices fcr to-day below
and leave tbose fcr previous weeks of tnis and last year for
comparison:__________________________________________

477

F a l l R i v e r M i l l D iv id e n d s .— Twenty-five of the cotton­
manufacturing corporations in Fall River have declared divi­
dends during the first quarter of the year, but the aggregate
of the dividends is very much below the total for the corre­
sponding period a year ago. Twelve corporations have passed
their dividends this quarter, and two of them followed the
same course in the quarter of last year; eight mills have main­
tained the same rate of distribution as in 1896, but generally
dividends have been reduced and in some cases materially.
The aggregate of the amount paid out has been $230,050, or
an average of 1-01 per cent on the capital. In 1896 the aver­
age dividend for the first quarter was 1'99 per cent, in 1895
it was 1'50 per cent, in 1894 it was l -498 per cent, in 1893 was
2'24 per cent and in 1892 reached D55 per cent.
Dividends 1 S97 . Dividends

F irst Quarter
1897

and

Capital.

1896 .

American Linen Co.........

$800,000
400.000

Barnard Manuf’g < .......
’o
495.000
Border City Manuf’g Co.. 1 ,000.00
400.000
500.000
Chace Mills......................
Conanicut Mil is................
120,000
Cornell M ills....................
40 * .O 0
»»
400,006
Davoi Mills......................
1896.
1897.
Flint Mills.........................
580.000
1 .200.000
Globe Yam Mills............
8 4 Ibt. Shirt- OotVn Granite Mills..................... 1,000,000
8 k lbs. Shirt- Ootfn
32s Cop. ings, common Mid. 32a Oop. ings, common Mid.
800.000
Twist.
Twist.
lipids
to finest.
to finest.
TTplds Kerr Thread Co................. 1, 000,000
King Philip Mills.............
1 ,000,000
500,000
Laurel Lake Mills.............
d.
d.
d.
d. 9. d. ». d.
d.
d. 8. d. 8. d.
Mechanics’ Mills.......... .
750.000
311:12 6% ®7718 4 5 a>6 8
J n . 29 0>4 37% 4 1 ®6 7
44
800,000
Merchants’ Manuf’g Co...
3313 , 6% ® 7h e 4 d ^ 9 6 7*2 43] a
2 & .O 0
MO
Feb. 5 641 3>7>e 4 l 9 6 7
Metacomet Manuf’g Co...
41732 Narragansett Mills..........
400,000
*• 12 01$ 9 7
4 0L}®6 0
3 2732 69la ®7S,« 4 4 9 6 7
600,000
Osborn Mills.....................
4k
“ 19 6*3 -3»7
4 0 9 6 5 4 3 7s 6 4 7874 4 3 19 *6 7
500.000
4
“ 26 63,« ^7*9 4 0*2 9 6 0
63a 7,74 4 3 9 6 6*3
600.00
Pocasset Manuf’g Co.......
Moll.5 6% a7»t(i|4 1 3 6 7
3a >
4 3Q45»ifi 9 7 *8 4 3 9 6 7
44
800,000
Richard Burden Mfg. Co..
260,000
Robeson Mills...................
S e a I s l a n d (Jo t t o n M o v e m e n t .— We h a v e received this Sagamore Manuf’g Co —
900,000
500 ,00 f
(Friday) evening by telegraph from the various ports the Sanford Spinning Co........
600,000
Seaconnet Mills...............
details of the 3ea Island cotton movement for the week. Tbe Shove Mills........................
550.000
550,000
receipts for the week ending to-night (March 5) and since S la d e Mills......................... 1 ,000,000
Stafford Mills....................
Sept. 1, 1896, the stocks to-night, and the same items for the Stevens Manufactur’g Co.
250,000
500,000
Tecnmseh Mills................
corresponding periods of 1895-96, are as follows.
300,000
Troy Cot. W. Mfg. Co...
750.000
Union Cotton Man'f’g Co
Slock
750,000
Wampanoag Mills............
1896-97.
1895-96.
Weetamoe Mills................
550.000
Receiptt to March 5.
Since
This
Since
This
Totals .......................... $22 ,794,000
1897. 181 6
week. Sept. 1. week. Sept. 1.
80.539
10.237
6,491

492
153

71,907 17,795 12,421
10,330 3,566 2,545
812
4,783 4,091

649 97,267

645

• O n c a p i t a l o f *330.000.
i O n c a p ita ] o f *500.000.

1896 .

Increase
P. C. Amount. P. C. Amount. Decrease
..No dividend. I k
$ 12,000 - 12,000
..No
..No
1
2
6,600
$ 4,950
—1 ,650*
1
io.ooo 2
20,000 —10,000
3
12,000
12 .00 c
3
2
7,500
lo.OOO —2,500
1)4
2,400
...No dividend. 2
—2,400
2
1
2

8,000
4,000
11.600

2

1

10,000

2

4
2

12.000
1 5 /0 0

4
3

..No dividend.

8,000
8,000
11,600
24,000
20,000
12,000
30,000
15,000
0,000
15,000
16,000

—4,000

—
84,000

- 10,000

12,000
ik
..No dividend. I 54
—3 0 ,000
15,000
ik
..No dividend. &
- 6,000
1
7,500
2
—7,500
2
1
8.000
- 8,000
..No dividend. ..No dividend.
6 ,0 0 u
2
8,000
- 2,000
G4
12,000
9.000
2
—
3,000
1)4
6,250
-t-0,250
1)4
9,000
6.000
1
- 3 ,0 0 0
ik
8,000
2
16,000
l
—8,000
3,900
..No dividend.
- 3,900
lk
18,000 - 18,000
.. a o dividend. 2
N
10,000 - 10,000
. . a o dividend. 2
N
9,000
15,000
- 6,000
lk
2k
11,000
*,250
2
- 2,750
U4
5,500
..No dividend.
l
—5,500
20,000 *2
16,000
2
+ 4 .0 0 0
5,000
5,000
2
2
2
10,000
7,500
- 2,500
ik
7,500
3
l
..No dividend.
1)4
1 01 iSSO.OoO^t 1*99

12.000
22.500
22,500
8.250

—
7,500
—15,000
- 8,250

$433,250 - 203,200

+ O n c a p it a l o f *100,000.
o O n c a p it a ] o f *31,S28,000.

87,080 25,452 15,778

517
76
56

E x p o r t s o p C o t t o n G o o d s pr o m G r e a t B r it a i n .— Below
we give the exports of cotton yarn, goods, &c., from Great
Britain for the month of January and since October 1 in
The exports for the week ending this evening reach a 1896-97 and 1895-96, as compiled by us from the British Board
total of 760 bales, of which 735 bales were to Great Britain, of Trade returns. It will be noticed that we have reduced
25 to France and — to Reval, and the amount forwarded to the movement all to pounds.
Northern mills has been 754 bales. Below are the exports
YarnA Thread
Cloth.
for the week and since September 1 in 1896-97 and 1895-96.
Total of A ll.
T o ta l.............................

Exports
from —
S’v a o n ’h, &c
C h a rl't’n.Ac
F lo rid a, &c.
N ew Y o rk ..
B o sto n ____
P h ila., & c...

Week Ending Mch. 5. Since Sept. 1 , 1896.

North’n M ill•

Or eat Fr'nce
Great Fr’nce
Total. B ril’n
Total.
Brit'n. Ac.
Ac.

8inc>
Week. 8epl.\

15,028
2,933
"185
550

” *25

*210

2,776 17,804
2,933

9,100
7,795
575

5*278 14,378
7.795
’*102
677

OOOj om itted.
1896-97 1895-90

1895-90 1890-97 1695-90: 1890-97

1890-97

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

735

25

760 35,431

8,156 43,587

754 31,200

T o tal 1895-6

1.650

13

1,663 32,608

5,796 38,404

650 33,283

A considerable portion of the Sea Island cotton shipped to
foreign ports goes via New York, and some small amounts via
Boston and Baltimore. Instead of including this cotton for
the week in which it leaves the Southern outports, we follow
the same plan as in our regular table of including it when
actually exported from New York, &c. The details of tbe
shipments of Sea Island cotton for the week will be found
under the head “ Shipping News,” on a subsequent page.
Quotations March 5 at Savannah, for Floridas, common,
8}£c.; medium fine, 10V£c.; choice, 14c.
Charleston. Carolinas, medium fine, 17}4c .; flue, 18c.;
fully fine, 19@20c : extra fine, 25®28c.
J u t e B d t t s , B agkjino , & c .—The market for jute bagging
has been very dull and featureless during the week under
review, but ruling quotations are unchanged at 4’gC. for 1%
lbs., 5c. for 2 lbs. and 5%c. for standard grades ia a jobbing
way. Car-load lots of standard brands are quoted at 4 r,g C .
for 1% lbs., 5c. for 2 los. and oj^c. for 2J£ lbs. f. o. b. at New
York. Jute butts continue dull at ll-16c. for paper quality,
140@l^c. for mixing and bagging and 1 and l% c . for spin­
ning butts, all to arrive. From Messrs. Ira A. Kip & Co.’s
circular we ascertain that the deliveries of jute butts and rejectionsat New York and Boston during February were 34,714
bales, against 53.336 bales for the same month last year and
for the two months since January 1, the deliveries have been
51,666 bales against 87,048 hales last year. Importers and
speculators at New York and Boston on February 28 held no
stock, against 2,300 bales at the corresponding date in 1896 ;
and the amount afloat for the United States reaches 167,393
bales, against 169,497 bales last year.

Yds.

O c to b e r. . . .
N o v e m b e r ...
D e c e m b e r...

23,409
21,614
22.20r

24,878
28,764
19.74?

419,049
397,483
431339

r o t.ls t quar
Jan u ary

550 23,295
148 1,424
56 6,491

Lbs.

Lbs.

Lbs.

Yds.

Lbs.

Lbs.

1895-96

Lbs.

79,773 85.291
75,008 80,007;
82,208 78,842!

103,242
97,182
104,416

110,109
104,431
98,589

07,191

08,399 1,248,371 1,271,04? 237,049 244,800

21,181

22.096

442.847
418.837
409,303

437,480

S to o k in g s a n d s o o k a .
8 u n d r y a r t i c l e s ..........
T o t a l 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 ..........

804.81C

313,189

108,410

105,978

380

41 6
8,520

............1 420,168

86,229

88,282
..............

447.452

428,103

The foregoing shows that there has been exported from the
United Kingdom during the fo u r months 420,168,000 lbs.
of manufactured cottoD, against 428,103,000 lbs. last year, or
a de crease of 7,935,000 lbs.
A further matter of interest is the destination of these
exports, and we have therefore prepared the following
statements, showing the amounts taken by the principal
countries during January and since October 1 in each of the
last three years:
E X PO R TS O P P IE C E GOODS AND TA R N S TO P R IN C IP A L C O U N T R IE S IN
JA N U A R Y AND FR O M O C TO B ER 1 TO JA N U A R Y 31.

Piece Goods—Y ards.
(000 s o m itted.)

Oct. 1 to Ja n . 91.

J a n u a ry.
1897.

1890.

1895.

B a s t I n d i e s ................................... 196.746 109.11O'214.106
T u r k e y , E g y p t a n d A f r ic a ...
71.194 40,250 61.810
C h in a a n d J a p a n ......................... 63,063 75,464 48.471
E u r o p e ( e x c e p t T u r k e y ) ......... 26,660 30,005 24,708
38.714 51,987 50,209
B o u th A m e r i c a ...................
N o r th A m e r i c a ........................... 24,291 31.'»23 32.093
A ll o t h e r c o u n t r i e s .................... 30,798 82.081 32.84 7

1890 97.

1895-93.

1891-96.

732.445
2*1,058
185,719
95.367
174.953
102,293
123,908

030,902
225,113
261.552
97,195
255,895
111,970
117,006

889,718
283,609
133,082
84,207
207,419
117,031
114,451

T o t a l y a r d s ............................. 447,152 437,480 465.164 1,095,823 1,709.433 1,832,517
T o t a l v a l u e ............................. £ 4 .425 £4,385 £4,272 £10,003 £10,478 £10,687

Y a rn s—Lbs.
(000 s om itted.)
H o l l a n d .............................................
G e r m a n y ..........................................
O th . E u r o p e ( e x c e p t T u r k e y
KaBt I n d i e s ...................................
C h in a a n d J a p a n ..................
T u r k e y a n d E g y p t .....................
A ll o t h e r c o u n t r i e s .....................

3,*81
3.223
3.359
3 ,1 -8
2,332
2,370
1,866

T o t a l l b s ...................................
T o t a l v a l u e .............................

19,109
£778

3,177
3,094
4,812
4,705
3.2?C
2,093
1,719

12,344
14,568
15,153
14.720
7,427
8,811
6,521

11,745
J 6.481
17,139
13,764
11,271
5,991
5,167

12,448
15,091
18,291
17,639
7,418
9,272
0,425

20,218 23,470
£►42
£854

79,550
£3.802

81,848
£3.205

87,184
£ 3 ,229'

2,921
4,119
1,1*0
4,214
2,474
079
1,325

THE CHRONICLE.

476

fVOL. LX1V

B u r m a SIb w 3 . —T h e e x p o r t s at c o t t o n fr o m t h e U n ite d
L i v e r p o o l .— B y c a b le f r o m L iv e r p o o l w e h a v e t h e f o l lo w in g
S t a t e s t h e | 1 it w e e k , a s p er latest mail r e tu r n s , h a v e r ea c h e d s t a t e m e n t o f t h e w e e k ’s s a le s , s t o c k s . & o ., a t t h a t p o r t.
109,7 M bah-,«, So fa r as th e S o u th e r n p o rta a r e c o n c e r n e d t h e s e
Feb. 12
Feb. 10
Feb. 26. M arch 5.
a r e t h e saw * e x p o r ts r ep o rte d b y te le g r a p h a n d p u b lish e d In
Sales of th e w e e k ...........hales.
55.000
52.000
68,000
89,000
t h e C ase'N K 'i e la st F r id a y . W it h r e g a r d t o N e w Y o rk w e
_
Of whloli e x p o rte rs to o k _
2,000
2,600
2,800
1,200
Of w hich sp e c u la to rs took..
in c lu d e t h e m a n if e s t < o f a l l v e s s e ls o le a r e d u p to T h u rsd a y2,000
400
200
1,000
51.000
48.000
61,000
Total bates. A ctual e x p o r t..................... ..
4,000
-1,000
8^000
3,000
JfE«‘ Y o k e —T o l e . prjMwl. p a ra tm u s e r T aurlo, 1 ,1 7 6 ................. 1,176 F o rw a rd e d ....... ..........................
74.000
69.000
2.0S 3........
2,083
1.370.000 1.384.000 1.403.000
To M on ■ r- stenniBr Her-ichel, 185 S ea Islan d ..........
185
Of whloli A m erican— stlm ’il 1.209.000 1.217.000 1.223.000 1,225,000
E
r » H avre, per Metunor L a C ham pagne, 750 up lan d and 25
T otal Im port of th e w eek......... 149.000
81.000
93.000
86.000
775
Sea !»-'»!--t....................................................................
Of w hich A m erican ...............
131.000
72,000
65.000
79,000
To Mur*. :!i< *, p,-r steam er V ictoria, 2 0 0 ........................ ..........
200
200.000 185.000 170.000
To Breus «c. ;»-r me uuor* D resden, 1,870— T rav e, 210 —
2,080
Of w hich A m erican ,..............
190,000 180.000
165.000 125,000
To Ain.!, r . .n: p er
E dam , 1 5 0 ......... .
..............
150
To A ntw erp, p e r eteam vr Nom dtanrl, -10(1 ...............................
400
T h e t o n e o f t h e L iv e r p o o l m a r k e t fo r s p o t s a n d f u t u r e s e a c h
l‘t- isi-tst.-, jwr steam er M arengo, 1.950 .......................... 1,950 d a y o f t h e w e e k e n d in g M arch 5 a n d t h e d a ily c lo s in g p r io r s
To G«n«», t.s- »t earners B i n , 45 0 ___Ita lta , 1,366,— Vio«Htl», 7 1 8 ......
2,504 o f s p o t c o t t o n , h a v e b e e n a s f o llo w s .
To S nides, per .le a th e r Kins, 900 ................ ..............................
900
724
To T ne»t«. j» r ste am er P ow hatan, 7 2 4 ....................................
Spot.
S a tu rd a y M onday, Tuesday. Wed’day. T hursd’y. F rida y.
To Ventre, p er steam er P ow hatan, 2 5 0 ... .................................
250
N r w O u m t s s To L iverpool, p e r ste am ers G adltano, 2,000___
Fair
M arket, ) H arden’#.
Fully
M vr.vt. 1,250......................................................
3,250
business
Easier.
Quieter.
malnt’nec Easier.
To M&nrh, -r< r, per ?teenier Y elled*, 3 ,8 1 1 ........................... 3,811 1:45 P. M.j
doinu.
To H av re, per ste am er Milwaukee, l$ .n 6 5 ................................. 18,685
33ls2
M ld.Upl’ds41; 2
329sa
4
4
To B*r< - ooa, p e r ste am ers Co ode W tlfredo, 9 2 5 .... Ju a n
11
1'ernas. 2,1< 0 ......................................................
3,025
S a le s ....... . 15,000
15,000
12,000
10,000
12,000
20,000
To Genoa, p -r steam ers Comte W tlfredo, 2 ,8 5 0 .......Ju a n
1,000
1,000
1,000
500
1,000
500
Forgas, 2.475.................................................................................. 5,325 Spec. & exp.
OALYSstun —t o L iverpofl, p e r ste a m e r E den H all, 7 ,200 ........... 7,200
F utures.
To Mai eh, Mer, p. r steam er Clsndeboye, 3 ,7 4 6 ...................... 3,746
Steady at Steady at Quiet at Quiet a t Kasy at
To H avre, p er steam er Liv, 4,846.............................................. 4,846
M arket, J
1-64 ad­ partially partially 1-04 de­ 2,1)41,1)3-64
T o Bretiji-ii. per ateatn eis D eram ore, 4 ,1 1 4 ...N eth erh y H all,
1:45 p. M.j Steady.
vance.
1-64 dec. 1-64 dec.
cline.
decline
17,770
9.30,'.
irlp o ll. 4,356.........................................................
To H sinhurg. per steam ers H ttiernia, 22 7 .. AVoodlelgh, 824 1,051
M arket, ) Steady.
To ODpeuhitit, n . per steam er H ighlander, 900 . . . ....................
900
Quiet.
Quiet.
Easy.
Quiet,
A
4 P. M. 1
MOBiLt To l i v. rpool, p er ste a m e 'S e lm a , 6,165.......................... 6,168
To Brem en, i or steam er U nionist, 4 .0 -7 ......... ........................ 4,087
T h e p r io e s o f f u t u r e s a t L iv e r p o o l fo r e a c h d a y a r e g i v t n
S avannah —t e Brem en, ;•> r steam er E lfrld a. 5,701 ......... ............ 5,701
>
B ttcssw iC K —JV Liverpool, p e rm e a m e r R oelnim rton, 2,975.. . 2,975 b e lo w , P r ic e s a r e o n t h e b a s is o f U p la n d s , L o w M id d lin g
>
N os folk - T o H am burg, p e r fte a m e r B euedtek, 50_____ _____
50 c la u s e , u n le s s o t h e r w is e s ta te d ,
B oston —To L iiernool, p er steam ers C am broinan, 5 6 1 _ Cor_
0 T Fhe p ric es a re g iven i n pence and. 641 A. T h u s ; 3 63 m ea n s
Icth ta, 979 .. O ttom an. 480 Sea Is la n d ----- ..
......... 2,020
B altim obe —To Liverpool, p e r ste am er V edam are, 2,120..........
2,120 3 63-64t/,, a n d 4 01 m eans 4 l-64ti.
P H lU D E W S U - r o A ntw erp, per ste am er Sw itzerland, 100___
1Oil
Ban F kaSCINCo —T o J a p a n , p e r steam er Doric, 3 ,4 o o ..............
3,450
S a tn r.
M fo n .
T u es.
W e d . T lk iir s ,
F rl.
Tcb. 28 to
T o ta l ....... ................................ ..........................................................109,744
1 2 ^ 1 1:45 4 1:45 4 1:45 4 1:45 4 1:45 4
Mch. 5.
P.M. P.M P.M. P.M. P.M. P.M. P. M. P. M. P. M. P.M. P.M. P. M,
B e lo w w e a d d t h e c le a r a n c e s t h is w e e k o f v e s s e ls c a r r y in g
c o tto n fr o m U n it e d S t a t e s p o r ts, b r in g in g o u r d a ta d o w n t o
t h e la t e s t d a te s:
0AI>VMXon—To Liverpool— arch 1—S team er B ritan n ia, 5 ,3 0 1 .......
M
M arch 2 —S team er William Oil He, 8,948.
To M anchester—Fob. 21—Steam er N ith, 1,909,
To B rem en—Fr)> 27—S team er Loango, 6.325.
_
To Barn tm rir-F e b . 2 6 - s te a m e r Scottish H ero. 1 2 6 _ M arch 2 —
S team er Strut hclyde, 1 ,9 3 1 ... M arch 3—S team er Gallola, 200 .
M arch 4 —
rlearn e r Ib ex, 251,
To R otterdam —M arch 3—S team er L lam hony, 370.
To 8L Pot«r*tmri£—M arch 1— Barks L aura, 1,153; W eatbnrj;, 1 ,400.
»8W O r l b in s — to L iv erp ool-F ob. 26 -S te a m e r B ernard H all, 2,410
----- Fell. 27—Hummers Ma trlleuo, 1.800$ V esta, 5,000
March
2 -B iean .et A stronom er, 4 ,0 1 0 ... M arch 5 -S te a m e r E uropean,
To M anchester—Feb, 27—S team er M aritim e, 1,600.
To H a v r e —
Kim 2 7 — team er Band ■ 7.285.
S
,
To B r-tuet)— arch 5—S team er Tdar, 6,448.
M
To G en u a- Feb, 2 6 — team er Sootilsti Prince, 3,765.
S
F * h »a Cola - T o i iv e rp o rl- Feb 2 6 - S team er Berra, 3,010___M arch 5—
Steam er C epe Corriefites, 1,407.
Savannah — o Butcelonn — arch 1 -S te a m e r U olanda, 3,040.
T
M
l o Genoa—Feb, 2 7 — team er D orset, 5,598.
S
B *o m * i
rp o l— arch 2 — team er A nuandala, 2,061,
M
S
CHARLESTON—I < B a io c lo n a -F c b 2 6 - B a r k S ebastians, 2,100.
>
N o r fo l k —J o Liverpool- Feb. 27—S team er P la n e t's P oint, 100.
T o London—Jim oh 4—S team er M orrlroao, 300.
To H u n ;b u rg - F. b. 2 6 - e t.e -m tr Inehtsla, 2 0 0 ....M arch 3 -S te a m e r
«
larch 4—S team er M adeline, 223,
B oston —i t
Feb. 28 B ieu n e r N orsem an, 562 upland and
HO Sea H it,m l... Feb. 26- Steuuiar P avonia, 1 ,1 3 5 ,...M a rc h 2 —
S team er Vioturlao, 651.
To H int—Fuh, 2 7 — team er Chicago, 400,
S
To Vftimoi.tli—Fuh. 2 0 — team er Boston, 72 . . M arch 3—S team er
S
: '
To H alifax - F o b . 27 S team er Bonsivluta, SO.
Ba LTIv i'H ,;. to L iverpool—Feb, 2 5 - steam erS ed g em o re, 1 ,801,
To London - Fell. 2 7 — team er Lord E ras, loft.
S
T < !:r. men i eb, 26 Steum et A achen, 1 ,9 4 8 ....M a rc h 3—Steam er
1
C refeld, 1.204.
To H av re - Keii. 26 -S te a m e r Crom well, 850,
To H atntm rg—Fi b. 27—Steom er F a trla , 400.
r m u D s u 'i i u rn Liverpool—Feb. a tl-S te a in c r W aaaland. 60S.
ban t- b a nc pc o — o J a p a n —M arch 4 — a m e r China, 1,100.
T
ste
S e a r it.; T„ J a p a n —Felt. 26—S team er W akanoura M arn, 1 ,200.
T aco « s — J.ipan—Fell, 2 6 — team er Olym pia, 9 50 ,
To
S
C o tto n f r e i g h t s
a s f o llo w s .

at

N ew

Y o rk

the past

Salu r.

Mon.

Tues.

t4verpy<il.a«kp<! .d.
tin
......... ,.d .
Havre................... e.
B o »*.**,*»*.*,&
B r e m e n ...........d .
Do .......
H ain L u r* ............rf.
Do
......... d.

17m

17m

17>*t

251
....

Amsterdam....... e.
B ev al, v, Hamb.,rf.
B o y. Hall a. .< .
&

301
?32
3I«

301

301

he

35 f

*!«
V
Hhent.v.A ntw'p.rf. tt.4
1 C ent* n e t p e r 100 lbs.

XMKOOlosft,. . . . . . . < ,
1
(Je t.'in ................. d
Trie*!".. .......... <f.
A n tw erp ..............d.

w eek have been

Wednes, Thurs.

17 X
flt

17ist

" m T

301

30!

30t

30t

251

25t

25t

251

251

231

25!

25f

....

....

30t

30t

301

ais

T*S
*18

3)8

732
he

35!

351

351

351

•he

*ie

*,6

3£t

3se
•««
"«4

11,4

11,4

9<
m
U 8«

* ».#

301

301

jftHf

251

m

72
?

904
«*4

Moh.-Aprll,.
A p ril-M ay ..
M ay -Jn n o ..
J u n e -J u ly ..
Ju ly .-A u g ..
A ug.-S ept..
B e p t-O o t...
O ct.-N o v ...
N ov.-D eo...
D e o .-Ja n ...
J a n ,- F e b ...

3
3
3
3
3
3
3
3
3
3

d.
60
60
61
61
61
61
5S
54
50
48

3
3
3
3
3
3
3
3
3
3

d.
62
62
62
63
63
63
60
55
49
48

d
3 62
3 62
3 62
3 63
3 63
3 63
3 60
3 54
3 49
3 48
3 48

3
3
3
3
3
3
3
3
3
3
3

d.
61
61
61
62
62
62
59
53
48
47
47

3
3
3
3
3
3
3
3
3
3
3

d.
d.
60 3 59
60 3 59
60 3 59
60 3 60
6 L 3 60
61 3 60
58 3 57
52 3 52
47 3 47
46 3 45
46 3 45

d.
3 60
3 60
3 60
3 60
3 <U
3 01
3 58
3 52
3 47
3 46
3 46

d.
3 53
3 58
3 59
3 58
3 59
3 59
3 57
3 51
3 46
3 45
3 45

3
3
3
3
3
3
3
3
3
3
3

d.
58
58
58
58
59
58
56
51
45
41
44

d.
3 56
3 56
3 56
3 58
3 57
3 57
3 54
3 48
3 43
3 42
3 42

<j.
3 53
3 53
3 53
3 54
3 54
3 54
3 51
3 45
3 41
3 39
3 39

d.
3 53
3 53
3 53
3 54
3 54
3 54
3 52
3 45
3 41
3 40
3 40

B R E A D S T U F F S .
F r id a y ,

March 5, 1897.

T h ere h a s b e e n a s m a ll a r d u n in t e r e s t in g m a r k e t fo r w h e a t
flo u r d u r in g th e p a s t w e e k . T h e v o lu m e o f b u sin e ss t r a n s ­
a c te d h as b een d e c id e d ly lim it e d , a s b u y e r s a n d s e lle r s h a v e
b een a p a rt in th e ir v ie w s . T h e fo r m e r h a v e b e e n h o ld in g o ff
fo r lo w e r p r ic e s, b u t as s to c k s i n s e lle r s ’ h a n d s h a v e b een
s m a ll lb e y h a v e h e ld fo r f u ll v a lu e s . T h e b u sin e ss tr a n s a c te d
h a s b een a lm o s t e x c lu s iv e ly in tr a d e b r a n d s a n d h a s b e e n
lim ite d to a f e w h a n d -to -m o u th ord ers, E y e flb u r h a s so ld
s lo w ly an d p r ice s h a v e b een lo w e r e d 53, p er b b l. B u c k w h e a t
flou r h a s b een f l i t , a s th e se a so n is a b o u t e n d e d . C orn m e a l
h a s b a d o n ly a lim it e d s a le , b u t v a lu e s h a v e h e ld s te a d y ,
T o d a y th ere w a s a n in c r e a s e d j o b b in g d e m a n d fo r w h e a t
flou r at firm p rices.
S p e c u la u o n in th e m a r k e t fo r w h e a t fu tu r e s h a s b e e n fa ir ly
a c tiv e and p rices h a v e te n d e d u p w a r d , c lo s in g a t a u a d v a n c e
o f 2i^<a3f ^c. fo r th e w e e k .
S a tu r d a y th e r e w a s v e r y lit t le
c h a n g e in p rices, b u t on M o n d a y th e r e w a s a sh a r p u p w a r d
tu rn to v a lu e s. B a y in g w a s g e n e r a l s tim u la te d b y th e str o n g
sta tis tic a l p o sitio n . T h e A m e r ic a n v is ib le su p p ly s h o w e d c o n ­
sid e r a b le o f a sh r in k a g e , th e a m m o ' on p a ssa g e to E u ro p e
d ecreased m a te r ia lly , a n d th e w o r ld ’s s h ip m e n ts sh o w e d a
f a llin g off.
T h e cl s s w a s a n a d v a n c e o f l@ l% c . fo r
th e d a y .
T u e sd a y th e r e w a s a
fu r th e r g a in o f M@
c, in p r ice s in r esp o n se to s tr o n g e r fo r e ig n a d v ic e s ,
ed n esd u y
s e llin g
to
realists
p ro fits c a u se d a r e a c ­
tio n o f
, b u t on T h u r s d a y s tr o n g e r fo r eig n a d v ic e s ,
th e r e s u lt o f th e u n se ttle d d ip lo m a tic r e la tio n s o f E u r o p e ,
stim u la te d r e n e w e d b u y in g a n d p r ic e s g a in e d l @%c. T o ­
4
d a y th e m arket, w a s f a i r l y a c tiv e a n d
h ig h e r . T h e
b u y in g w a s g e n e r a l. F o r e ig n a d v ic e s w e re d e c id e d ly str o n g e r
a n d th e E u r o p e a n p o litic a l situ a tio n a ttr a c te d in c r e a se d a t t e n ­
tion . In tb e s p o t m a rk et o n ly a lim ite d a m o u n t o f b u s in e s s
w a s tr a n sa c te d e a rly in th e w e e k . A t th e c lo s e , h o w e v e r , a
fa ir b u sin e ss w a s tr a n sa c ted fo r e x p o r t a t a d v a n c in g p rices.
T h e sa le s to -d a y a m o u n te d to a b o u t 200,000 b u s h e ls a n d in ­
c lu d e d N o . 1 N e w Y o r k N o r th e r n a t 85% c. f. o. b, a flo a t, a n d
N o . 1 D u lu tb N o r th e r n a t 87 % c . f. o . b . a flo a t. N o . 2 red
w in te r w a s q u o te d a t 8 7 J jc . {. o. h. a flo a t; c h o ic e d o . a t
9f)%c. f. o. b, a flo a t a n d N o, 1 h ard D u lu th a t 93% c. f . o . b.
a flo a t.

f

THE CHK0N1CLR.

Mabch 6, 1897.]

The value of the New York exports for the year to date has
been $1,725,345 in 1897 against $1,796,438 in 1896.
The market for brown sheetings and drills shows business
still largely confined to purchases for quick delivery from
stocks in both heavy and light weightsa nd the demand was met
quite as readily as before. Brown ducks and osnaburgs have
oeen in light request and are unimproved in prices. Bleached
cottons have been without prominent feature. The demand
is steady, but of a cautious character, and buyers have no
difficulty in filling their requirements. There has been an
indifferent request for wide sheetings, and cotton flannels and
blankets rule quiet. The coarse, colored cotton market has
also been quiei; decims sell in small lots still and are easy,
and a limited demand only is reported for ticks, checks and
stripes, p laids, etc., without quotable change in prices.
Fancy pr ints and finer specialties have beeD in steady request.
In regular prints the market has been without change, ex­
cepting for an advance of Jqc. in “American” black and white
and grey prints. Dress style ginghams in moderate re-order
demand for fine grades; low qualities neglected. Staples
have been in improved request. Moderate sales of print
cloths are reported this week in a n e a s y m a r k e t . E x t r a s
quoted at the close at 2%c. to 2 9-11)C.

DA ILY Q L OSING P R IC E S O P NO . Z B S D W IN T E R W H E A T .

.0.

Bat.
S078
80%
7 97s
7938
78 H
75%

Von.
82%
8138
80%
803s
7914

76%

Tues.
82%

Thwt
82%

..

__

81%

F ri.
83%

81%
80^
793s
76%

Wed.
82is

82%

80%

7 9 12

77

....

__

78%
7638

....

80%
77%

There has been a slightly increased activity to the specula­
tive dealings in the market for Indian corn futures, and
prices have advanced slightly. There has been some buying
by shorts to cover contrac-s, stimulated by stronger foreign
advices and a revival of the export demand, particularly for
forward delivery, sales having been reported of about 500,000
bushels No. 2 mixed for August delivery at 6@61^c. over the
July option in Chicago f.o.b. afloat. Advices from the West
have reported the grading as poor, and this has also had a
strengthening influence. To-day the market was fairly active
and Jo@?^c. higher on buying by shorts to cover contracts.
The spot market was firm but quiet. No. 2 mixed in elevator
wasquoted at 29J-£c. for old and 27J^c. for new.
D A ILY o . o a m s P R IC E S O P NO. 2 M IX E D OOBN

Bat.
- 0
M a rc h .............. ................. o..
. 0
M ay d eliv ery . . . _____. < 2 9 3 q
•
J u ly d e l i v e r y ................. e. 3 0 7s
.. 0
S ep tem b er d e liv e ry ...... .o. . . . . .

Mon.
283i
2 9 13
31

Tuet.
29
2913

31
31%

....

Wpxt.
29
29^
31
31^

T h u rt.
29
29^
31
32M

29^
30

1897.
1896.
Block o f P r in t O lothi—
Feb. 27.
Feb. 29.
At P ro v id en ce, 64 s q u a re s . 429,000
213,000
At P all R iv er, 64 s q u a r e s ..> „ Q1
5 527,000
At P a ll R iv e r, od d s i z e s .... 5
1 421,000

Tuet.
215s

Wed
21%

T h n rt
21%

*■
217s

FLO OR.

F t n e . . _ ............9 bbl. *2 00® 2 75 P a te n t, w i n t e r . . . . . . . $4 60® 5 00
4 80
S u p e rfin e ................... 2 2 0 a 3 00 C ity m ills e x t r a s . . . . ,
E x tra , No. 2 .............. 2 70® 3 30 j R ye flour, su p e rfin e ., 2 35® 2 85
- —
E x tra ,N o . 1................ 3 25® 3 60- B uokw heat f l o u r ..... 1 1 5 ® 1 20
C le a rs .................... .
3 75® 4 20 Corn m eal—
170® 180
W estern. &0 ....... .
S tra tv h ts ..................... 4 10® 4 50
1 85
P a te n t, s p rin g ........... 4 25® 4 7 5 i B ra n d y w in e ............
[W heat flour in saoks sells at prloes below th o se fo r b a r r e ls . 1
DBAIN.
0.
C orn, p e r b u sh —
0.
W heat—
o.
o.
32
S p rin g , p e r b u s h .. 84 ® 93
W est'n m ix e d .. . . _
31
27
B ed w in te r No. 2 .. 80%® 96%
31
Bed w in te r .. . . . . . 8 0 ® SB3*
W estern y e llo w ... 29
H a rd , No. 1............ 92%® 92%
W estern W h ite ___ 29 -a 3 m
O ats—M ixed, p e r b n . 19 ® 23
R yeW estern. p e r b o sh . 40 -Tt 43
W h ite....................... 21 ® 32
43
S ta te an d J e r s e y .. 40
No. 2 m ix e d ........... 22 ® 23
48
No. 2 w h ite ......... - 23 V® 24V B arley —W estern ___ 38
33
33>9
F o r o t h e r t a b l e s u s u a lly R iv e n h e r e s e e p a t e 4 3 5 .

N e w Y o r k , F r i d a y , P . M ., M a rc h 5, 1897.

1897.

Brest B ritain..........
O th er E u ro p e a n __
China . . . . . . . . . ___
India..........................
Arabia.......................

§i

to I too

© ■—
*
»
toj_©©
to 0»»
to

— — —C
© O ©
cs ! ©ot 1C©to© O
— **
— toco “CC WOOC
— '© O
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G © to C O
O
•d 1 -JO » © to —
t»
O' I it*
it*© ! MiUMCSsJ
C © © <1© it*
D
C — • XX —-CD
O
C I to
O

Week. Since J a n . 1.
339
1.001
16,559
2,137
3,171
2,928
2,507
464
1,324
' 8,329
655

2,016
800

42,010
8,750

8.657
4.785

39,414
7,317

Tota l.............................
50,760
2,816 ,
* Prom New E n g lan d m ill p o in ts d lre o t.

13,442

46,731

A ir ie s

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

West Infllee.............
M e x ico ............ .
C entral A m erio a...
Booth A m e ric a ....
O tn er C o u n tries...,
T o ta l...................................
China, v ia V an co u v e r* ,...

85

to *
-*
5 Xif*
®
0505
© o©
K—
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co *oto y ©
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—C C fOC
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tO—© 4*©
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to co ot © cn

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05X I C Cl O •£ 'I
O*1 DC ©
©—I C to C 0O05
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C O it* C
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* © tto ontcoc©
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24.293
19,21 P
11,252
17.078
262,761

5,458
51
1,300
111
73
75
61
685
95

C C
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o* ©© toco*-* —©
to — bt to ot *1 ©
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334,603

288
28
81
1,375
154

669
615
17,695
574
4,121
1,761
3,120
442
1.199
10.928
886

66
24

Mtoh-eoaj
«V hV io

05*0 . i u » o a
_
_

1896.

Week. Since J a n . 1.

G o o d s . —This

The importations and waretiouse wimurawals of dry good®
at this port for the week ending March 4, 1897, and since
January 1, 1897, and for the corresponding periods of last
year are as follows:__________________
o BH 't o
g is rg s fg
£ NSoP
o f;
c*
i.M
sp ■
e § r S i i:
s: “• i
r
§4
®:
• a! s
• 0
o*
■ o• •
3
a:
: p: :
a:
e
B:
■•
a
Ssr
yt If*
— ©
*
© to ——cot^
3
H ^H C oa
05 j tl - —to X ‘t?
—to — -i
eo 05*0 COxJ©—©
© if*
35 to 05 t o
—
to j OMO- IO5o * 2
toif*
to ©
to I —© C 05 © 1■ •*»
O
to as CD CO t o — o
to to© ot ©O t'J'i
jOI
to
to to
——
“ it* tOOt© >
to
f*
“
tow
V 14
> *.
h?
too*© ©'*
C I © © oc©
O
ca<i
oog.
at 1 to cocd—©
C C —©
O O **J
o» ot
If- ot©
to
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V| 0 00to to tO©
*0 — if*<t
•Vi© nr - j to jo y!
© -O —
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if. tf*C •*
O
€ G C lO*dcoat
00
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to C
O
*sl O O
if*©*J©*
* -i
© •vl© © w©© —

There has been a large attendance of buyers iu the market
again this week and business suffered little if any in com­
parison with last week, either in the primary market or with
jobbers. Reports from out-of-town distributing centres indi­
cate a free outward movement of staple and spring mer­
chandise and show that current business is of a decidedly
solid character. There is still an indisposition on the part of
buyers to make purchases for any length of time ahead, and
it is a re-assuring feature that the reoent gain in volume of
business has been secured withour discounting the fu ’ure.
Still most sellers would welcome business for tuture delivery
as an aid to them in handling goods in stock. Meanwhile
they are meetine buyers quite readily at previous prices in
nearly all directions. The print cloth market has shown
further weakness, although there has been more business
than last week. Printed lines for spring are generally well
situated and in continued request. The woolen goods situa­
tion has undergone no material change and is regarded as
generally encouraging in comparison with the corresponding
period last year.
D o m e s t ic C o t t o n G o o d s —The exports o f cotton goods
f r o m this port f o r the w e e k ending March 1 were 2,016
packages, valued at 1103,690, their destination being to the
points specified in the tables below:
March 1.

583,000

oolen

F o r e ig n D r y G o o d s .— A g o o d g e n e r a l b u s in e s s h a s b e e n
r e p o r t e d in f o r e ig n m e r c h a n d i s e , w h ile j o b b t r s a n d i m p o r t ­
e rs h a v e h a d a n i m p r o v e d s u p p l e m e n t a r y b u s in e s s in s e a s o n ­
a b le m e r c h a n d i s e .
O r d e r s f o r w o o le n a n d w o r s te d d r e s s
goods fo r fa ll h a v e b e e a m o re n u m e ro u s , a n d h e a v y -w e ig h t
w o o le n s a n d w o r s t e d s f o r m e n ’s w e a r h a v e so ld f a i r l y .
I m p o r t a tio n s a n d IV a r e lio n s e W it h d r a w a ls o f D ry G o o d s .

THE DRY GOODS TRADE.

to

215,000

week has seen the finer grades o f
men’t-wear woolen and worsted fabrics securing relatively
a larger share of attention than the lower qualities, upon
which the demand has until lately been running so heavily.
Fine fancy worsteds and fine plain goods have been in quite
improved iequ°st aud some good orders have been taken in
qualities at $1 50 per yard and over. Higher duties are likely
to tell more in favor of these than of low qualifies and they
are therefore more interesting just now. There has been little
change in the price situation. A limited number of re-orders
for light-weights still come to hand. Overcoating business is
on a moderate scale and chiefly in qualities under $1 50 per
yard. Cloakings continue quiet. Cotton-warr> fabrics, sat­
inets and doeskin jeans in moderate reques>. Flannels have
again sold fairly and blankets moderately at previous prices.
Dress goods have been in improved request for both spring
and fall lines.

Eye and barley were quiet and easier early in the week.
Subsequently, however, prices improved, and at the close
there was a fair export demand at firm prices.
The following are closing quotations :

N ew Y o r k

1894.
M ar. 3.
193,000
319,000
71,000

W

DA ILY OLOBINO PR IC K S O P N O . 2 M IX E D OATS.

Won.
21%

1895.
Mar. 2.
109.000
37,000
99,000

,161,000

33

Oats for future delivery have continued dull, but prices
have advanced sligh ly in sympathy with the advance in
wheat and corn. To-day prices advanced %c. on buying by
a few shorts to cover contracts. In the spot market the home
trade has been a fairly active buyer, but the demand from
shippers has been flat. The sales to-day included No. 2 mixed
at 22c. in elevator and No. 2 white at 23% c. in elevator.
Bat.
May d e liv e r y ................o . 21*4

479

•v
-V
0
*

C to if*if-©
O
•o x x ot ©
if*ot © * to t- si
Jt
‘Dto **© © e
c
co' ttocoit* %
©© —©*.
to © —ot • *
“

THE CHKOMCLE.

480
S

ta t e

aiup

C

ity

P

e p

A fiT M £ flT ,

TERMS OF SUBSCRIPTION.
■T
he IvvrsroRs* S upplement will be furnished
fra 'targe to every annual subscriber of the
Co M :l: :At. ASP FINANCIAL CHRONICLE,
V
T he State a s h Citv S upplement will also be fur­
nished *ii ! a! extra charge to every subscriber of the
,
Chronicle.
T he Street Railway S upplement will likewise
be famished w
ithout extra charge every subscriber
to
of the Chronicle .
T he Q uotation S upplement, issued monthly, will
also be furnished w
ithout extra charge every subto
•criber of the Chronicle .
TEEMS for the Chronicle with the four Supple­
ments above named are Ten Dollars within the United
States and Twelve Dollars i i Europe, which in both

without

cases Includes postage.________
Terms of A dvertising—, Per inch space.)
O n fittm e _________ _____ — S3 50
<*«e M onth
(4 tim e s ).. 11 00
t i r o Months
(8 tim e s ).. IS 00
iTne above te rm s fo r o n e m onth

| T a r M onths (13 tim e s )..$ 2 5 00
S ix o n th s
(28 tim e s).. 43 00
I Tw elve M oulhs (52 tim e s).. 58 00
and no w ard a re fo r sta n d in g ca rd s.

MUNICIPAL BOND SALES IN FEBRUARY.

The total amount of municipal bonds reported to the
Cmtoxii Li as being issued and sold during last month
was Over 12 millions of dollars. This is to bo com­
pared with only $4,433,520 for February 1896, and is
in eicess of the sales for either of the two previous
month?, when the aggregate of securities marketed was
in each case about 104 millions of dollars.
The principal sales of February were: $6,000,000 of
State of Massachusetts 34 per cent water bonds of 1935
at 107*82; #1,453,300 of City of Baltimore
per cent
stock of 1930 at 105*77 and $916,953 97 of New York
City 3 per cent school-house and fire-department bonds
of 1910 at par. Other large sales were: $569,000 of
New Bedford, Mass., 4s of 1907-1927 at 104*629@
110*83: $555,000 of Buffalo, N. Y„3£s of 1898-1917 at
101-51@K*2T2; $100,000 of Camden, N. J ., 4s of 1926
at 101*4), and #350,000 of Cleveland, Oaio, 4s of 1927
at 108*125.
1a tho following table we give the prices which were
paid for February loans to the amount of $11,923,477,
issued by .v municipalities. Tne aggregate of sales
.<
for which no price has been reported is $511,000, and
the total sales for the month, §12,434,477. In the
case of each loan reference is made to the page of the
Oh Ron tt where a full account of the sale is given.
F l •hoary Bond 8 a i .e s .
umifon.
Bate.
MiUurUy,
A mount. A w a rd .
* *YmiHy, O . . . . . . 4
1017
$30,000 104
3 8 8 .. Ail.a* y ik n m ty . N. V . 4
Mar, 1, 1910
35.000 110-1875
3 8 8 .. AO-ii j* County, N, Y ., 4
1013-1915
0,000 108-50
y County, JK Y.. 4
L
! 008-1012
J 0,000 107
3 8 8 .. Alien y C ounty, N. Y ., 4
1903-190;
10.000 10 4-46
S County, .V- V .. 4
*
1898-1902
10.000 101-81
.
5
22.000 105
3 4 2 .. A lla n tic C ity, N . J ___ -u» M m -15. i n i 1
10.000 10101
•433>.AtUu tie Counti , N. J . *>u 1698-1907
23.000 101
BalMr JOHN Md,
3 > Ju ly 1,1 0 3 0 1,453,300 105-77
9
n. Vt ___
4
1907-1927
30.000 101-25
m e , N\ J . .
4
7.000 100
M 2 ,.
to* 5* Y*.*
3% 1898-1917
200,000 102-12
$4 2 .. Bit 8ft < , y , y , ,
>
Ah
1808-1017
100,0C0 101-51
M 2 .: R u m «», > \ v . . ,
100.000 101(403
3 4 2 ., Buff* o, y . t . , .
m*} 1808-1917
100.000 101-32
*
3 * 2 ., Haifa O N, V . , ,
3%
1808-1017
55.000 302-12
4 3 J, .C-Mnd on, K. 3 .. . . . . . . . . 4
1026
100.000 101-40
G h e tto
Mu
4
1808 1007
12.000 100
m att, O * .. . . . . . . . . 4
1907
75.000 107-318
4 3 3 .. can * tilsitl* II, ,
-a
75.000 105-30
2»7, O ttV f la n
ft
1808-1022
85.000 115-87
433, .Cit-vc an*!* (J. .,
4
Apr. 1, 1027
350.000 108-125
(* m ® 4 o .
■
6
1898-1907
0,620 105*3007
4 8 1 . Fi'~ri. L O . . . . . . „
0
8.000 103-00
483.JBfe6M d t w
l i t 1gallon
3
A pr. 1 5 ,1 0 0 5
4,500 95
4 3 3 .. K ? f* n ito ti* 0 « . *.
0
1898-1907
3,095 102-50
34*2.. Food t i n Luc, W t o ............ • tu , 1807-1917
00,000 102-3700
2 9 7 .. G a t i n •oils, O . . . .
5
1805-1016
75.000 108-076
miK.tnovr, rsvilte, S .
41s 1398-1902
14.000 101-007

[VoL. LA1V.

Page.
Location.
Rate.
M aturity.
A m ount, .-ltrurrf.
4 8 1 .. G loversvilto. K. Y ......... M's
1917
$27,000 100
8 * 2 ..G ro v e C itv, P a .............. 5
1902
6,000 100
3 1 2 ..
G ru n d y C entre, la . 5... 181)0-1907
10,000 100
3 4 2 ..
HfUTtotstowu Un, F ree
Soli, DIM. No. 1, N.Y.
1808-1905
8,000 101-0025
207. H arrison U nion School
D istrict No. 6, N. V .. 4
5*500 190-21
3 4 3 , .H oboken, X. J .............. i
10,000 100
313 H olyoke, M uss. . . . . . . . .
i 807
100,000
96*93
2 9 7 .. H udsoM, N . Y . . . , . ....... 0
5,000 103
HU 3
207 . H udson. X. Y ................ 0
1913
4,000 102*1235
2 9 7 ,.H u d so n , N .Y ..........
u
1913
1,000 102*125
3 89 ,. ,1tin la ta , P a . . . . ............ 5
1 1,000 j 00*00
1912-1927
3 4 3 .. Mabel. M inn..................
5.000 102*60
3 4 3 ..M acon, Q a _ . . . . . . . . . -13l
_
1927
130,000 103*50
313 . M a ssach u setts.............. A h J u ly 1, 1935
6,000,000 107 82
3 8 9 .. M assillon, O ................... 0
1902
8,000 103*8375
•134.. M edina. 0 . . . , . ......... .
5
M ar. 1 1916
8,000 106*3468
2 9 7 ..
M em phis. T erm ..............................
5
00,000 104
4 3 4 .. M iddleport, O ....... .
4.
7,000 111*50
3 4 3 .. M ohawk, N .Y ....... ....... 4
12,000 102*03
8 8 0 .. M ontgom ery, A la . . . . 5
1927
30,000 108*125
287 .M ount V ernon, N .Y ... &
1900
21.000 1 03-29
4 3 4 ..M o u n t Bterllujc. 0 ....... a
8,000 109 0 6 3
1915-1922
4 3 4 ..New B e d fo rd ,M ass___ 4
dun, 1, 1927
200.000 110*83
4 3 4 ..Now B edford,M ass ... •i
172,000 104-629
M ar. 1,1907
4.34... New B ed fo rd , M a ss.. . . 4
M ar. 1,1 9 1 7
128,000 108-119
4 3 4 ..N ew Bedford, M ass_
_ 4
M ar, 1,1 9 2 7
09,000 110-539
434..X 6W l)iirs. X, V.............. 3%
12.000 100-50
3 4 9 .. N ew port, K, I . . . . . . . . . . 4
Fob. 1 .1 9 2 7
40,000 110-375
298.. New Yurk C ity .............. 3
Nov. 1 ,1 9 1 6
040,953 100
24,000 102*15
1937
2 9 8 ..P lainlivid. N. J .............. 4
3 4 8 ..
5t. dolm shtiry, V t . . _
4
1907-1011
20,000 103-87
2 9 9 .. Ra n M ijruel .C o l............. 7
1912
24,000 100
*
43o-.8)nstliv,o ..................... <
1893-1912
15,000 ) 09-033 kl
389 . S tam ford, C oim ......... .. 4
F eb. 1, 1927
75,000 107-142
3 9 0 ..Tiflin, 0 ........................... 0
1907
19.500 106-2769
191*2
6
2 9 9 ..
T ippecanoe City, 0 —
23.000 11 • -195
1912
2 9 9 ..
Toledo, O.............. 4%
40,000 106 32
343 .T re n to n . N. J ................. 4
17,000 102*39
1917
3 9 0 ..
U lste r C ounty, N. Y ... 1898-1922
4
75,000 106-46
3 4 3 .. U pper A lton Sell. D ist.,
in . .............................. 4
4.000 100
1898-1905
2 9 9 ..V isalia, C al....................
4.000 103-16
2 9 9 ..
W est A lexandria, O ... 1904-1920
5
10,000 100-0149
3 9 0 ..
W hite PI* n s. N, Y 4
_
1902-1920
47,000 103-27
3 9 0 ..W llk m sb u rg , P a ........... 4%
60,000 103-15
1917
3 9 0 ..Y ork. P a . . : .................... 6
40,000 102-075
1907-1917
T o ta l (59 m u n ic ip a litie s)................................... $11,923,477
Aegi-egate of sa les for w hich n o p ric e lias
been re p o r t e d .........
511,000
T o ta l sa les fo r F e b ru a ry , 1 8 9 7 ..................... $12,434,477
1 3 -07 p e r c e n t d isc o u n t a n d $3 prem ium .

In the Chronicle of February 13, 1897, page 341, a
list of January bond sales amounting to $10,401,776
will be found. Since the publication of that state­
ment we have received the following re p o rt;
A

d d it io n a l

J

Page.
Location.
R ate.
3 8 S ..F ra n k lin , M inn........... 6

anuary

B ond Sa le.

M a tu rity.
1912

A m o u n t. M watd.
$4,000 100

This additional loai will make the total sales reported
in January amount to $10,405,776.
D u r h a m , N . C. —
Assessed Valuation.— T h e a ss e s se d v a lu a
tio n o f p er so n a l p ro p erty o f D u r h a m is fa r i a e x c e s s o f t h a t
o f r ea l e s ta te , t h e a m o u n ts fo r 1896 b e in g : P e r s o n a l p r o p e r ty ,
$ 3 ,6 4 0 ,5 5 1 ; r ea l e s ta te , $1,533,097 ; to ta l v a lu a tio n , $ 5 ,1 7 8 ,6 4 8 .
I n ord er to s a t is f y th e v a r io u s in q u ir ie s i a r e g a r d to t h i s ,
w e h a v e o b ta in e d th e f o llo w in g s t a t e m e n t fr o m G eo . W ,
W o o d w a r d , C le rk o f th e B o a rd o f A ld e r m e n :
“ I n t h is S ta te h o ld er s o f s to c k in lh e A m e r ic a n T o b a c c o
C o m p a n y , as w e ll a s h o ld ers o f s to c k in a n y c o m p a n y w h o s e
p la c e o f b u sin e ss is s itu a te d o u t o f th e S t a le , a re req u ire d to
p ay t a x to th e S ta te , c o u n t y a n d to w n in w h ic h th e y r e s id e .
As th r e e (3) m e m b er s o f th e A m e r ic a n T o b a c c o C o m p a n y re­
sid e in D u r h a m , y o u w ill r e a d ily p e r c e iv e w h y th e lis t in g
u n d e r ifae h ea d o f sh a re s o f in c o r p o r a te d c o m p a n ie s a m o u n ts
up so r a p id ly . L a r g e s to c k s o f le a f to b a c c o a r e ca rr ie d b y t h e
B la c k w e ll D u r h a m T o b a cco C o m p a n y a s w e ll a s by th e
A m e r ic a n T o b a c c o C o m p a n y .”
T h e f o llo w in g is a n ite m iz e d s ta t e m e n t o f t h e a ss e s se d
v a lu a tio n fo r 1 896:
Real e s ta te —
$8,000
A cres of la u d .................................................... .
1,530,097
Town l o t s .........
.............. .............................
P ersonal p ro p e rty —
23,068
C a tt l e ...................................................................
49,262
Money on h i n d ................ .................................
S olvent c re d its ....................................................
254,1-18
287,551
Slocks of n a t i o n a l an d S ta le B a n k a .........
1,436,739
S hares of Incorporated co m p an ies............ .
48,060
R ailroad f r a n c h is e ........................................
All oilier p roperty (locludlm t leaf tobacco)
1,543,723
T o ta l assessed v a lu a tio n

.$5,178,648

B o n d P r o p o s a l s a n d N e g o t i a t i o n s , —W e h a v e re
s e iv e d th r o u g h t h e w e e k t h e f o llo w in g n o t ic e s o f b o n d s
r e c e n tly n e g o tia te d a n d b o n d s o ffe r e d a n d t o b e o ffe r e d fo r
ta le.
A l l e g h e n y , P a .—Bond N e w s .— J a m e s B r o w n , C ity C o m p ­
tro ller, r ep o rts to th e Chronicle th a t i t is p ro b a b le th e 4 p e r
c e n t fiv e -y e a r b o n d s to be issu e d for th e im p r o v e m e n t o f C a l­
ifo r n ia a n d C lifto n a v e n u e s w ill be p la c e d in th e s in k in g f u n d .

M arch 6, 1897 J

THE CHRONICLE,

481

Arizona.—Bonds A u th o r iz e d .— It is reported that the Terri­
Caldwell County, Mo. -B o n d s D e fe a te d .—At an election
tory of Arizona has authorized the issuance of Capitol bonds held on February 27, 1897, the citizens of this county defeated
a proposition to issue §25,000 of court-house bonds.
to the amount.of § 100 , 0 0 0 .
Chagrin Falls, Ohio.— o n d s A u th o rize d . -O n February
B
Arkansas.—B o n d N ew s.—The Governor of the State of
Arkansas has refused to sign the bill providing for a com­ 16, 1897, the citizens of this municipality voted in favor of a
promise of the indebtedness of this State to the United States proposition to issue §35,000 of 6 per cent 25 year bonds.
on the ground that the State should not be viewed in the
Cherry County School D istrict No. 1, Neb.—B o n d Offer­
light ot a poor debtor, as it is amply able and willing to pay
. —Proposals will be received until March 26, 1897, by J.
its indebtedness in full. The bill provided that of the in gPettijohn, Secretary of the School Board, for the purchase
§538,000 of old State bonds held by the United States, all but O. $10,000 of 6 per cent school-house bonds. Interest on the
of
§160,000 should be returned and that the State should relin­ securities will be payable semi-annually and the principal
quish all claims to its proportion of the various funds held by will mature in twenty years from date of issue, subject to oall
the United States which were derived from the sale of public after 1907. The bonds will be of the denomination of §1,000
lands of the State.
each.
A tlantic City. N, J .— B o n d O ffering.— Proposals will be re­
Cleburne,
P ro se d —It is reported
this
ceived until 12 o’clock noon March 15, 1897, by A. M. Heston, municipality Tex.—B o n d s issuep o§60,000 of bonds forthat pur­
proposes
the
City Comptroller, for the purchase of $35,000of 4 per cent gold chase of a water-works to
plant.
coupon funding bonds of this city. Interest will be payable
Columbus, (4si.—B o n d s D e fe a te d . —At an election held on
semi annually at the Union National Bank of Atlantic City,
and the principal will mature in ten years from date of issue. February 23, 1897, the citizens of this municipality defeated
The securities will be of the denomination of §1,000 and aie a proposition to issue water-works bonds.
to be issued to retire *11,450 of 5 and 6 per cent bonds and to
Columbus, O. —B o n d Sale. —On March 2, 1897, the §163,000
fund $23,500 of the floating debt.
of bonds of this city were awarded to the Fourth National
The total bonded debt of the city, including this issue, is Bank of Columbus, Ohio. The various issues and the prices
§1,125,210; floating debt, §73,000 ; total debt, §1,198,210. A received for them were as follows :
sinking fund has been created for the redemption of all out­
P rem ium .
standing bonds. Cash and securities on hand or assessed 490,000 of 4 p e r cen t Are d e p a rtm e n t bonds. due 1 9 1 6...... $1,742 50
9.000 of 5 p e r ce n t Are d e p a rtm e n t bouds, due 1 9 0 4 ......
92 50
amouni to §45,427 ; special assessment bonds, §10,000. The
4.000
Kick S tre
er bonds,
S81 00
water-works of the city are self-sustaining and the total water 50,000 of 6 p e r ce n tt F ra n k lin e tasewbonds, due due 01902___ 4 ,7 0 1 0 0
of S i>er ce n
P rk
1 9 8 ....___
debt (included in the above total debt) is $875,000. The
1.5CO of 5 p e r oeDt m alu sew er e x t. bonds, due 1911......
175 00
assessed valuation for 1896 (about $3 of the actual value) is: 13,500 of 5 p e r cen t sew er bonds, due 1 9 0 2 ............................ 610 75
The bonds are secured by a sinking fund and are issued to
Heal estate, §11,913,914; personal property, §1,177,040; total
valuation, $13,(90,954; tax rale (per §1,000) §19 00. The per provide for the payment of certain bonds about to mature.
The total bonded debt of the city, not including this issue,
manent population is estimated at 2 2 ,0 0 0 and the transient
is §7,523,801, of which §1,112,000 are water bonds and $2,695,population from 25,000 to 150,000.
Angnsla, (4a.—B o n d S ale.— On February 27, 1897, the 800 assessment bonds. Sinking fund assets amount to $1,962,The assessed
§62,000 of .4 per cent bonds of this city were awarded as fol­ 500; net debt, §5,561,300. was $62,130,360 ;valuation for 1896
(about of actual value)
total tax rate (per
lows
§1,000), $27 ; population about 125,000
Bowdre Pbinisey, §5.000 for §5,050.
B on ds P ro p o se d . —Water bonds of this city have been pro­
John Jay Cohen, $5,000 for §5,013 50.
posed, aDd the question of issuing the same will soon be put
Clarence Clark, $52,000 for §52,081.
The securities are dated April 1, 1897, interest is payable to a vote of the people.
Elyria, Ohio.—B o n d S a le. —The $8,000 of 6 per cent sewer
semi-annually on the first days of April and October, and the
principal will mature in thirty years from date of issue. The bonds of this municipality were awarded to Saasongood &
Mayer, of Cincinnati, O.tio, for §8,288. The other bids re­
bonds are of the denominations of §100, $250 and §500, and are
issued to retire a like amount of bonds maturing April 1,1897. ceived were:
The L am precht Bros. Co., C laveland, O h io ................................. $8,213 75
Arverne by-the >ea, N. Y.—B on d E le c tio n . —The Board of Rudolph K leybolte & Co.. C inciunatt, O hio................................ 8,243 OO
Trustees has passed a resolution to the effect that the citizens J. B. W orks, Cleveland, O hio............................ .......................... 8,233 00
D enison & P rio
O
8,203 00
of this village shall, a ’, an early date, vote on a proposition to Dietz, Hayes & Sons, Cr, C laveland, io hio....................................... 8,197 00
W. J .
leveland, O h ............................................
issue §45.000 of bonds, §41,000 of which will be applied to F ourth N ational B ank, C olum bus, Ohio................ ....................... 8,085 00
street improvements and the remainder to the dredging and
Evanston, Ohio.—B o n d O ffering.— Proposals will be re­
improvement of the Amstel Canal.
ceived until 1 o’clock p. m., March 27, 1897, by Wm. H.
Bay City Union School D istrict, Slick.—B o n d O fferin g .— Kuapp, Village Clerk, for the purchase of $4,001 51 of 6 per
Proposals will be received until March 11,1897, by the Finance cent extension bonds of this village. The securities will be
Committee fcr the purchase of §10,000 of school bonds. The dated Feb. 25, 1897, interest will be payable annually at the
securities are to be dated Feb. 15,1897; interest at a rate not Atlas National Bank, of Cincinnati, Ohio, and the principal
exceeding 5 per cent will be payable semi-annually on the will mature in ten vears from date of issue. No bid for less
15th days of February and August at the City Treasurer’s than par will be considered, and each proposal must ba ac­
office, and the principal will mature at the rate of $5,000 each companied by a certified check for §2 0 0 .
year, beginning with Feb. 15,1899. The bonds are to be o' the
Fairfield, Iowa.—B o n d S a le . —Oa February 1, 1897, the
denomination of $5,000 and are part of an authoriztd issue city of Fairfield sold $12,000 of funding and $25,000 of re­
of $15,000.
funding bands to the First National Bank of Chicago, III., at
Belmar. N. J .—B o n d O ffering.—Proposals will be received par, this being the only bid received. Bo:h loans will bear
until March 10, 1897, for the purchase of $85,000 of 5 per cent interest at the rate of 5 per cent, payable sami annually. Tne
gold improvement bonds. The securities will mature in funding bonds will mature in from three to fifteen years
twenty years from date of issue.
from date of issue aDd the refunding as follows : Nos. 1 to 10,
Bradford, Pa.—B o n d S a le.— On March 1, 1897, the §22,500 inclusive, will be payable after seven years; Nos. 11 to 20, in­
of 4 per cent bonds of this city were awarded to Rudolph clusive, after ten years, and Nos 21 to 25, inclusive, after fif­
Kleybolte &Co., of Cincinnati, Ohio, at par, accrued interest teen years from date of issue.
Fall River, Mass . —B o n d Sale . —
Oa March 2, 1897, the
and $762 75 premium. Interest on the securities is payable
semi-annually and §2,500 of the principal will mature ’in 1907, $150,000 of 4 per cent bonds of this city were awarded to
Blodget, Merritt & Co. of Boston, Mass., at 104 678. The
§10,000 in 1917 and the remaining §10,000 in 1927.
other bids received were:
””"Brooklyn, N. Y.—B o n d A’
ercs.—A bill has been introduced Jas.
L ongatreet &
M ass.......................................1 0 1 -6 3 0
in the State Senate providing for the depressing and raising Lee, W.igglnson & Co., Co., Boston,ass........ .......................................104-580
H
B oston, M
of the tracks of the Long Island Railroad Co. in the city of E. il. Kolii is & Sous, Bo.,ton, M ass............................................... 104-379
L. D ay &
Boston,
Brooklyn between Flatbush and Atkins avenues. The bill R.atabrook & Co., Boston, M ass............................ ........................1 0 4 - 3 3 9
Co..
further provides that the city shall share one-half of the ex­ E arsun, L each & Oo., N hwM a s s ........................................................101-317
F
York, N. Y .......................................... .104-273
pense of this work, and for this purpose shall issue bonds
The securities are dated March
iaterest is payable
not to exceed §1,250,000. The securities are to be known a 3 semi annually on the first days of1, 1397, and September, and
March
the Atlantic Avenue bonds, and shall be Sild at not less than the principal will mature on March 1, 1907. The loan is in
par. They will bear such rates of interest as the city otfinials the form of registered bonds of § 1,000 or a multiple thereof
may deem best and shall mature in not more than twenty and is secured by a sinking fund.
years from date of issue,
Olnversville, N.Y.—B o n d S ale. —The§37,0)0of 3j£ percent
Buffalo, N. Y.—B o n d O ffering. —Proposals will be re­
sold to Isaac
ceived until 12 o’clock noon to day by Erastus C. Knight, refunding railroad bonds of this city have beenTne securities
W. Sherrill, of Poughk-eosie, N. Y., at par.
City Comptroller, for the purchase of §194,637 11 of 'A% per are dated February 1, 1807, iaterest is payable semi-annually
cent registered grade-crossing loan bonds of this city. The on the first days of February and August at the Fourth Na­
securities will be dated February 1, 1897, interest will be pay­ tional Bank of New York City, and the prinoipal will mature
able semi annually on the first days of February and August in twenty years from date of issue. The bonds are of the"!
at the office cf the City Comptroller of Buffalo, or at the
Gallatin National Book of New York City, and the principal denomination of $ 1,000 each.
Hatlleld, M a s B o n d s P ro p o se d . —Bonds of this town
will mature February 1, 1917.
Bids for less than par and accrued interest will not be con­ have been proposed to pay the cost of extending the water­
fa.
sidered, and each proposal must be accompanied by a certi­ works.
fied check for 2 per cent of the amount bid for. Tne bonded
Hinds County, Miss.— o n d News.—Suit has been brought"**
B
debt of the city of Buffilo on February 15, 1897, less amounts against the Yozoo & Mississippi Valley RR. Co to recover
held in the sinking funds, was $12,701,137 75; the assessed $300,000 of Hinds County bonds. These bonds were issued
valuation of taxable real estate for 1396 is §225,435,795.
* by the county to a il in the building of the Natchez Jaokson

THE CHRONICLE.

482

X O citim t’U- K«Uri’;«J. »»•! «rtv»n thin ro ui \vw s o n to th a
Y m > < * M i'-ifS trp ! NoilU'v R a ilr o a d C o m p a n y t h e b o n d s
x
w e i * i n t id id in th e trus su ctio n ; t h is , it is n o w c la im e d , w a s
iilfg o !.
H ir a m . O h l« -J 3 o « iJ Offering.—P ro p o sa ls w ill ho r e c e iv e d
u n it! y> . Vi. ck m um . M arch 30, 1807, by I v iw in L . H a ll, C lerk
o f ilw* iis m lf t , for th e p u rc h a se o f §S2,iHk)of t> por c a n t w a te rw orks t 1 h e in e u r iiif* w ill be d a ted A p ril 1, 189T. inj , i , *r \ , : i i , ;, I , a l le scttit-an n iiaH y o n th e first d a y s o i A n ril
» 0 d i >r*nt»r, hi d th e p rin cip a l w ill m a tu « s at t h e r a te o f §530
n i„ u n i it tti A pril 1. ltHM, to 1927. in c lu s iv e , both p r in c ip a l
a n d ln t i r. it to t>,- p a y a b le a t th e H irst N a tio n a l B a n k o f
C n n i ttM 'iik , O h io. T h e b o m b w ill b o o t th e d e n o m in a tio n o f
$$00
,
, :
TSj.* h a m le t I.j s n o o ilie r d eb t : it s assessed v a lu a tio n is
$154.1* >) 3 rea l v a lu a tio n a lw u §250,000, a n d p o p u la tio n a b o u t
400.
H o ld e n , M o.— Bond Offering.— r o p o sa ls w ill b e r e c e iv e d
P
u n til •> o ’c lo c k r . m .. M arch 18, 1897, b y T , J. H a ls e y , for th e
p u r e h ts * of §12,000 o f 5 p er c e n t e le c t r ic - lig h t b o n d s o f th is
e ttv . T h e s e c u r itie s w ill b e d a ted A p ril 1, 1897, in te r e s t w i l l
be p a y a b le se m i-a n n u a lly on th e first d a y s o f A p ril a n d O cto>.*r a t th e i fftc» o f th e C ity T rea su r er o f H o ld e n o r a n y b a n k
d- -ig n a te d I v th e p u rch a ser in Sr. L o u is o r K a n s a s C ity , M o.
T h e p r in c ip U w ill m a tu r e in fr o m fiv e t o t w e n t y y e a r s fr o m
d a le o f
T h e c ity a t th e p r e se n t tim e h a s n o b o n d e d d eb t. T h e a s*ois> ,i valuation ! b o u t tw o - t b ir d s o f th e a c tu a l v a lu e ) is
A
$880,28?: th e p o p u la tio n in 1895 w a s 3,049.

The otlicial adeerthemeni of this bond offering will be found
elsewhere in this Department.
I n d i a n a p o li s , l n d .—Bonds Proposed.— P a rk b o n d s o f th is
c ity to th e a m o u n t o f §150,000 a r e u n d e r c o n std er a ti m .
l .e h i g l it 'ii, Ha .—Bond Election— O n M arch 30, 1897. t h e
o i t iz m s o f th is to w n w ill v o te o n a p r o p o sitio n to issu e $10,000
o f e le c tr ic -lig h t b o n d s
L y n n , .71a s s .—Bonds Proposed.— T he B o sto n N e w s B u r e a u
r e p o r ts th a t a p e titio n h as b een p n s i t te d to th e M assach u ­

B I D S FO R B O N D S .

M u s k in g u m C o u n ty , 0 —Bond S a le -O n M arch 1, 1897,
th e C o u n ty C o m m ist.io i.er8 a w a r d e d th e $ 2 5 ,I CO of fu n d in g
b o n d s lo S e a so n g o o d & M a y er, o f C i r c i n r a n , O h io , fo r
$28,818 50. T h e o th e r b id s r e c e iv e d w e r e a s f o llo w s •
D ietz. D enison & P rio r, C leveland. O h io................................... $28,282 50
13. O. S tan wood & Co., B oston, Mass ................................... .. 2«,208 00
E. II. G ay at Co., Chicago. Ill
............................
28.205 50
M ason, Lewis < Co., C hicago, 111................................................... 28,152 50
fe
P arson, Loach t Co , Chicago, III
.......................................... 28,075 OO
R u dolph K ley b o lt e & Co., C incinnati, O h i o ............................ 27.939 OO
Ohio Savings B ank, Colum bus, Ohio............................
27,900 00
T he Lumnri e h t B ros. Co., C leveland, Ohio............................... 27,892 50
C, H. W hite & Co.. New Y ork, N, Y ............................................ 27,975 OO
E stah ro o k A Co., B oston, M a s s ................................................... 27,787 50
F o u rth N ational B ank, C olum bus, O hio..................................... 27,652 50
E . H. Rolliua & s ons, B oston M a s s ......... .................................. 27,644 75
•las. W. L o n g street & Co., B oston, M ass..................................... 27,418 75
E . D. S h ep ard & Co,, New Y ork, N, Y ............
27,162 50
C yrus Pierce, P hiladelphia, P a . . . ................................................. 27,100 00
S. A. K ean. Chicago, III.................................................................... 26,375 00
H. C, H .rb lg , Coshocton, Ohio (for $10,00C)............................ 10,350 0 0
.T h e s e c u r itie s are d a te d M aroh 1, 1897, in te r e s t ia p a y a b le
s e m i-a n n u a lly on th e first d a y s o f M a rco an d S e p te m b e r , a t
th e C o u n ty T rea su r er ’s o ffice , Z a n e s v ille , O h io, or a t t h e
N a ssa u B a n k o f N e w Y o r k C ity , a n d t h e p r in c ip a l w ill m a tu r e
M arch 1, 1919.
T h e b o n d s a r e o f th e d e n o m in a tio n o f $1,0 0 0 , a n d are is s u e d
for th e p u rp o se o f f u n d in g p a r t o f t h e flo a tin g d e b t o f t h e
c o u n ty .
T h e t o t a l b o n d e d d e b t o f t h e c o u n t y , i n c l u d i n g t h i s is s u e ,
a m o u n t s to $481,000; f l o a i io g d e b t a b o u t $10,000; t o t a l d e b t,

$ 6 5 , 0 0 0

F L A G S T A F F , AR1Z.,

Consolidated S in k ing F u n d Bonds

o r THE

CITY OF CINCINNATI, 0.,
3.65 40-Year Gold Bonds.
P r o p w a i- a r e te dbdted fo r t h e p u rc h a s e f $3,654,o f cou p o n o r re g iste re d b o n d s o f t h e O tv o f Cin­
c in n a ti O hio, to be issu ed to pay, tin d e r a n opt inn o f
red ttm ptivtt, t h e a m o u n ts re®r»emivelT outoiaiullvig
tjt t h e
<d C in c in n ati b o n d s; $500*000,
.

s e tts S ta te L e g is la tu r e to a u th o r iz e th is c it y to i s s u « § 1 0 0,0 0 0
o f s e w e r b o n d s a n d $35,000 o f lib ra r y b on d s.
.M adison S e ll io I D i s t r i c t , N . J . — Sored S 'le .— z M aroh 4,
O
1897, th e S I5,000 o f 5 per c e n t sc h o o l b o n d s w e re a w a r d e d to
E d w a r d C, J o n e s C o ., o f N e w Y o r k , a t IOS'15. T he s e c u r i ­
tie s are d a te d A p ril 1, 1897, a n d w ilt m a tu r e in fr o m t w e n t y
to t w e n t y - e ig h t y e a r s fr o m d a te o f issu e .
M id d le t o w n , N . Y.—Bond Sate.— I t is rep orted t h a t t h i s
c it y h a s so ld $14,500 o f sc h o o l b o n d s a t 101 25. T h e s e c u r itie s
w ill bear in te r e st a t th e r a te o f 4 % per c e n t, a n d th e p r in c ip a l
w ill m a tu r e in fr o m o n e to fiv e y e a r s fr o m d a te o f is s u e .
M o u n t V e r n o n , N. Y .— Bonds Authorized . — T h e C o m m o n
C o u n c il h a s p a s se d a r e s o lu tio n a u th o r iz in g a n is s u e o f $20,000 o f s e w e r a g e b on d s.

N E W LOANS.

N E W LOANS.

hruai y inf ,

aiR*«r** a t th e en d o f fo rty y ea rs fro m th e ir d a te ,
w ith intervM a t th e ra t* o f 3 05 p e r c e n t p er a n n u m ,
o a r ab le *>mi iirttmalJy ea ch A u g u st isr an d F eb ru
j**l*N-*r*4 tn th e -uru o f $1J 00 o r a n y m u ltip le
t h e re o f m u d d e r s m ay desire. P rin c ip a l a n d in te re»iW ill 1m* p a r 4 d e in New Y ork C ity Sn gold coin of
th e U n ite d S tate* •*? A m erica o f th e p re s e n t stan d *
a i d inf w e ig h t a n d liiieness.
\i\ 144» m u st p ro v id e fo r th e nayiiiet.it o f ac c ru e d
Inter***? fr* a, T eh ru ary 1 st, 1H0?, to d a te o f deliv ery
o f hots-fla.
.
,,
,
Bm* m m i ho In writing. signed by the proposer and
•1» no* 'din » M fisc T ushMch of
■ l
the bulling fund o f trie City of Cincinnati, City HaJL
CtBeiiitmiU Ohio, W or before half past uva o’dloak
nf the «ft<‘f75O''03 of Motnlmy, March voth. lHd,
’ h e f«3*j«d pflfeifln® oonM int&g bids ittU B thave onT
.***«> on th e m ilrdde “ B ids fo r B onds.”
fiarts w d m u s t h e ac co m p an ied by a certified cheek
fo r vn<- w t •■'•'fit o f th e p a r v a lu e o f b onds bid to r;
**P1 rji.-z-i, m u s t b e p ay a b le t o th e o rd e r o f " T h e
or I he lin k in g f u n d o f th e C ity o f Clticinf-iftsi o ish - " 'wuh#»ut. e -m dltlons, a n d m u s t be draw n
stprm
m oorpm hited h an k o r tr u s t com pany located
its i W o t ? o f C in c in n ati. B o sto n or New YnrJC.
■

[V ol . LX1V.

N E W LOANS.
* $ 1 ^ , 0 0 0

HOLDEN, M IS S O U R I,

6 Water Works Bonds.

5 PER C E N T BONDS.

O f f i c e o f T o w n Cl e r ic ,
S ealed bids w ill b e rece iv ed b y th e T o w n C lerk o f
th e to w n o f F lagstaff, A rizo n a, u p to tw o (2) o 'clo ck
P . M. M o n d a r, M arch m i l* 1897, f o r th e p u rc h a s e o f
s ix ty -liv e th o u s a n d (S 5,000) d o llars w o rth o f six p e r
>
c e n t th i r ty (30) y e a r b o n d s o f $1000 e a c h ; sa id b o n d s
a r e d a te d M arch 1 s t, i s 97, b e a rin g in te r e s t fro m
M arch 1 st, 1897, a t th e r a t e o f six (0) p e r c e n t i n t e r ­
e s t, p ay a b le sem i a n n u a lly , J u ly J 5 th a n d J a n u a r y
15th o f ea ch yea r, a t so m e b a n k in t h e C ity o f N ew
Y ork, to b e a g ree d on a n d d e s ig n a te d in th e fa c e o f
th e bonds.
F irs t in te r e s t co u p o n s w ill b e d u e J u ly 3 5 th , 1897.
T h e se b o n d s w e re v o te d b y th e citiz en s o f F la g sta ff
f o r W a te r W orks in s riefc c o n fo rm ity w ith t h e law s
o f th e T e rrito ry o f A rizo n a, an d ac co rd in g to a n A ct,
N o. 8870, p assed by C o n g ress an d a p p ro v e d by t h e
P re s id e n t o f th e U n ite d S ta te s , a n d in p e r f e c t acco rd
w ith ev e ry le g a l re q u ire m e n t o f t h e c h a r te r o f th e
tow n o f Flagstaff. T h e to w n r e s e rv e s t h e r ig h t 1;o
re je c t an y an d all bids. A ce rtifie d ch eck o f five (5) p er
c e n t to acco m p an y ea ch b id . S aid b o n d s to b e p ay ­
a b le in law fu l m on ey o f th e U n il ed S ta te s o f A m erica
a n d sh all n o t he so ld fo r le ss th a n th e ir p a r v a lu e .

P ro p o sa ls w ill be re c e iv e d u n ti l 5 o 'c lo c k P , M.»
M arch I t tii, 1*97. b v T. J . ITAUSEY, H o ld e n , M o., f o r
p u rc h a s e o£ 8 1 2 * 0 0 0 C ity o f H o ld e n 5$ 5-29 B onds*
T h e se b o n d s w ill be d a te d A p ril 1 st, 3897. I n t e r e s t
w ill b e p a y a b le sem i a n n u a lly , O c to b e r 1 s t a n d A p ril
1 st o f ea ch y e a r, at. t h e C ity T re a s u ry o r a n y bankd e s ig n a te d b y t h e p u rc h a s e r, in S t, L o u is o r K a n s a s
C ity , M o. T h e se B o n d s a r e f o r a n E le c tric - L ig h t
S y ste m . N o b id s f o r le ss th a n p a r w ill b e co n sid ered *
T h e C ity h a s n o b o n d e d d e b t. T h e a s s e s se d valua­
tio n is $-30,282, a b o u t tw o - tb ir d s a c tu a l v a lu e . P o p ­
u la tio n 3.049 in 1895.

F. W. SMITH,
Cleric of the Town of Flagstaff.
Dated F l a g s t a f f , Arte., Feb. 38th, 1897,

fiiddfTAtt?* reom sti'd to read the advertisement
r»y*f«BT, a* no bid will bn considered th a t Is not
eJ**Sfte 4-.*pr.-*«od and does not strictly comply with
nil t’f
.
wwttiuiiM. The bonds are to be C h ica g o D r a in a g e ....... .............................A \f o
a'itm i fN atuifts o f Ohio, a s su p p le m e n te d by S ectio n s lie s M oines, l a . (S c h o o l).— . —
5»
G. 2 r » II. s :a » l. M arch ao th , 1«W0—P2 o h m M u sk eg o n , M ich . . . . . . . . . . . ........
: -h i -1 th is a d v e rtise in c u t Is m a d e in S o u th O m a h a , N e b r a s k a .......... .— 7 s
**.i»rdianoe w ith fhi.'istlon
or said O hio He vised
A sh la n d , W in. (G o ld )................................5 s
O hio Laws, p age 1<5«.
! * * » ..« ! fo r and deliv ery o f b onds m a y b e at-th e W e s t C h icag o S f. R R . (T u n n e l).. . . . . . . ....5 s
*f h:?d N ational lla n k o f C in c in n ati o r a t !h e A m erl F i r s t M o rtg a g e .
tr*n F.*.tfeatsge ,\ai.ionai Hank o f New York, as

h i d i M ) d e sig n a te; p ay m en t will ho ren u tred
F O B SA C K B Y
d<*hT»-*y o b njjd- and su c h d eliv ery o f bonds
w ilt ivg tn
in
a lim e n ts c o rn 's p o n d in g t<> one. or
o f th e < u te la n d in g nm o u n fs a t th e Issues of
M A S O N , L E W I S & CO.,
so '* > {Mild, an d not la te r In any ca se t h an tern
•*
4 a ;* ?'*■?' -•-••• fcu.;i» !*► or tssnea bacf*nie payabl* to
«(•
BA SK B H 8,
U n? loadersft»*t'rvof u* d c rtD e i-a ll m a d e by th e city
1 7 1 f .a S a lle S t.,
(rtlptfliid
i f c i i W f ; I k # nm ao n m id i * ■
‘ mm 31 S t a t e S t „
B O STO N .
C H IC A G O .
o.
|7«0,»
log ar® $C b ’**K
; » ", «
»
of f he bends offered
0*0, oarreM te>m11 hk u* t he »*
fo r sAir nodey i m » ft--lv*»r<|
bidders will be
T h e qtoemkm <
•?
a© i rtisteos thr
fisediafety resum ss? t** O m-i
t h e m ail.
osln'rw iso
it
s .M o . t.

C I T Y OF

NEW

YORK

3H P E R C E N T

GOLD BONDS.
D U E N O V E M B E R 1st, 1918,
IN T E R E S T P A Y A B L E J A N . 1 s t A ND J U L Y 1st,
E x e c u to rs , A d m in is tra to rs , G u a rd ia n s a n d o tberabold ing t r u s t fu n d s a r e a u th o riz e d b y a n a c t of t h e
New Y ork L e g is la tu re p assed M arch 14,1889, to in ­
v e s t in th e s e b o n d s.
P R IC E A N D P A R T IC U L A R S ON A P P L IC A T IO N

Rudolph Kleybolte & Co.1
BANKER*
N o rth w e s t co r. o f T h ird a n d W a lu a t S tr e e ts ,

C I N C I N N A T I , O.
41 a n d 4 3 W a l l S t r e e t , S e w Y o r k .

PUBLIC SECUKITIES
S U IT A B L E F O B

SAFE INVESTMENTS.
SEND F O B 1.1ST

mt i

SAVIN G S BA N K AND T R U S T
FUNDS.
LISTS MAILED OS A P l ’ LiCATIOS.

i to

City and County Bonds.

ing f u n d o f

OIETZ, D ENISO N & PRIOR,

ran ts

ary 23ku i niff
>EXTKH.
CrcKldeiit.

■tS C O N G R E SS S T R E E T , - B O ST O N .
1 0 9 S u p e r io r S t r e e t , C le v e la n d O.

Far son,

Leach & Co.,

C H IC A G O ,
I f #3 D e a rb o rn St*

NEW YORK*
2 W a ll S t

THE

March 6, 1897.]

C H RO N LC LE.

$491,000; sinking fund, $25,000; net debt, $466,000. The as­
sessed valuation is $33,233,139, and the real valuation is esti­
mated at $35,000,000. The population of the county is about
60,000.
Naugatuck, Conn.— o n d S a le.—I t is reported that the
B
borough of Naugatuck has sold bonds to the amount of $50,000. The securities bear 4 per cent interest.
Nebraska.—B o n d N ew s —The Governor of the State of
Nebraska is at work on a plan to reduce the floating debt of
the State, which is estimated at about $1,600,000, and to refund
the bonded debt at a lower rate of interest.
In April, 1897, there will mature $450,000 of 8 per cent fund­
ing bonds. Of this amount about $325,000 are held in the
permanent school fund and against the $125,000 outstanding
there is a sinking fund of $324,064. There are also outstand­
ing certain 41^ per cent bonds, which will mature this year.
According to the plan, the money held in the permanent
school fund and the sinking fund will be applied to pay­
ment of part of the floating debt and the bonds, as they
mature, will be refunded at a rate of interest not to exceed 4
or
per cent.
There is an article in the State Constitution to the effect
that the State may. to meet deficits or failures in revenue,
issue bonds not to exceed $100,001. If the courts decide that
it is not contrary to this article, the bill, as formulated by the
Governor, will be presented to the State Legislature.
New York, N. Y.—B o n d s A u th o r iz e d . —On March 1, 1897,
the Board of Estimate authorized the issuance of $500,210 of
bonds, the proceeds of which will be applied to paving vari­
ous streets.
B o n d s P ro p o se d . —The Board of Education has prepared a
bill to present to the State Legislature authorizing this city to
issue $7,500,000 of school bonds.
Niles, Ohio.—B o n d S a le . —It is reported that this city has
disposed of $10,000 of 5 per cent school bonds at par.
Norwood, Ohio.—B o n d O ffering.— Proposals will be re­
ceived until 12 o’clock noon, March 26, 1897, by W. E. Wichgar, Village Clerk, for the purchase of $5,000 of 5 per cent
water-works bonds. The securities will be dated March 1,
1897, interest will be payable semi annually, and the principal
will mature in twenty years from date of issue. The bonds

483

will be of the denomination of $500 each. No bid for less
than par and accrued interest will be considered and each
proposal must be accompan edby a certified check for $250.
Philadelphia, Pa.—B o n d s A u th o r iz e d . —The city of Poiladelphia has authorized the issuance of $3,000,000 of bonds for
various purposes.
Pierre, S. D.—B o n d s I n v a lid .—It has been decided by the
courts of South Dakota that certain bonds issued by this city
are invalid because they were issued beyond the constitu­
tional debt limit. Parties holding these bonds had brought
suit to compel the payment of the coupons which had ma­
tured.
Pueblo, Col.—B o n d O fferin g. —This city offers for sale
$22,000 of park bonds. The loan is part of an issue of $70,000,
the remaining bonds having been sold and their proceeds ap­
plied to the purchase of a site for the park.
Reading, Pa.—B o n d s P ro p o se d . —It is reported that the
city of Reading proposes to issue street paving bonds to the
amount of $100,000.
Rensselaer County, N. Y.—B o n d O fferin g. —Proposals will
be received until 12 o’clock noon, March 25, 1897, bv John
Dow, County Treasurer, for the purchase of $100,000 of 3J£ per
cent sinking fund 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 will
mature at the rate of $10,000 each year from April 1, 1898, to
1907, inclusive.
The loan will be in the form of registered bonds of $5,000
each and is part of an authorized issue of $250,000. No bid
for less than par will be considered. It is provided that all
funds derived from the late County Treasurer or from his
property, or the proceeds of any action brought by the county
by reason of any liability growing out of his defalcation,
shall be held for the payment of the principal and interest on
these bonds as they become due.
The total debt of the county, including this issue, is $747,000
and the assessed valuation for 1896, $79,013,577. The popula­
tion for 1890 was 124,511.
St. Louis, Mo.—B o n d s P ro p o se d . —A bill has been intro­
duced in the State Senate to the effect that at the next gen-

N E W LOANS.

N E W LOANS.

N E W L O A N S. ____

$75,000
GOVERNMENT a n d
MUNICIPAL BONDS Herkimer Mohawk Hion &

B A NK ER S,
BO STO N.

-

OF THE

NEW Y O R K .

T e r r ito r y o f A r iz o n a ,

B ond IsHue, $ 1 5 0 ,0 0 0 .
C a p ita l S to ck , $ 1 5 0 ,0 0 0
T h i s r o a d h a s b e e n p a y in g d i v id e n d s o f 0% o n i t s
s to c k a n d e a r n i n g a b o u t 9% f o r 18 m o n th s .
P r io e a n d s p e c ia l c i r c u l a r o u a p p li c a ti o n .

( R E G I S T E R E D O R C O U P O N .)

EDWD. C. JONES CO.

D a te d J a n , 1 5 , 1 8 9 6 , D u e J a n . 1 5 , 1 9 4 0 .

321 C H E S T N U T S T R E E T ,
P H IL A D E L P H IA .

INVESTMENTS

80 B R O A D W A S
N E W YORK.

W. N. Coler & Co.,

FO R

( O p tio n o f p a y m e n t a f t e r 20 y e a r s .)

DENO M INATIO N

4s
4s

A f u l l d e s c r i p ti o n o f e i t h e r o f t h e s e I s s u e s , w i t h
p r ic e s , m i l b e m a i l e d o n a p p li c a ti o n .

Guaranty Trust Company of New York.

M U N ICIPA L BONDS

F o r p r ic e s a n d p a r t i c u l a r s a d d r e s s

A. C. F R O S T & C O ,

34 NASSAU STREET.

1 9 M IC K ST R E E T ,
B O S T O N ................................................... M A S S .

Regiatered 5w.

E.

M UNICIPAL BONDS.
C. STANW O O D & Co.

108

LA

MUNICIPAL

121 Devonshire Street,
BOSTON.

R e g is t e r e d 4 s .

City of Fall River, Mass.,

M O R T G A G E LOANS

BONDS.

L I S T S S E N T U PO N A P P L I C A T I O N .

R e K l.te r c d 4 » .

S A L L E S T R E E T , C H IC A G O .

WHANN& SOHLESINGrER

BA NK ER S,

City of Trenton, N. J.,

IN V E S T M E N T S

BA NK S IN N E W

F O R S A V IN G S

TEX AS.
NO

C O M M IS S IO N S c h a r g e d b o r ro w e r o r le n d e r
u n t i l lo a n s h a v e p r o v e n g o o d

F R A N C IS S U I T I I & CO.,

STR EET,

;N E W

YORK.

&

B la n c h a r d ,

BANK ERS.

M U N ICIPAL BONDS

S A N A N T O N IO . T E X A S .
B O U G H T A N D SO LD.

BANK ERS.

James N. Brown & Co.,

________ 7 ^ B r o a d w a y , N e w Y o r k .

ATLANTIC MUTUAL INSURANCE
N . Y. STR EE T BAILW AY BONDS.

W ALL

M ills

I n t e r e s t 7 P e r C e n t N et.

c. H. W H I T E & C O ,

2

IN

FO RK STA TE.

rices and Particnlars on Application.

$1,000.

P r in c i p a l a n d C o u p o n s p a y a b le a t t h e

BA N K ER S.

E. H. ROLLINS & SONS,

County of Rockland, N. Y.,

-

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 .

New York Savings Banks.
City of Cambridge, Mass.,
•
City of Cleveland, Ohio, •
-

A U T H O R IZ E D

BONDS

F I R S T M O R G A G E , G O L D b% B O N D S ,

N. W. HARRIS & CO.,
CHICAGO.

5* GOLD FUNDING

Frankfort Electric Ry.

Bought and Sold.

IS W A LL ST R E ET ,

$277,000.

S C R IP .

AUGUSTUS FLOYD,
32 PINE STREET. NEW YORK.

BANKERS

# ‘ C edar S tr e e t,
A

_
_ -_ -

NEW

YORK

M U N IC IP A L , C O U N T Y , S C H O O L A N D
T O W N S H I P iB O N D S

BOUGHT

A ND

SOLD.

D e v o n s h ir e

B u ild in g ,

16 S ta te S tr e e t, B o s t o n , M ass.
THE WALL STREET JOURNAL"
G iv e s v a lu a b l e I n f o r m a t io n d a ily o n s to c k s a n d b o n d s
$6 a y e a r ,
D ow ,
A C o ., 44 B r o a d S t. N . Y

TH E CHRONICLE.

484

e n t l e l e c t i o n , w h i c h is t o b o b o ld i n N o v e m b e r , 1 8 8 8 , t h e c it ir.-, * o f t h e S t a t e s h a ll v o t e o n a n a m e n d m e n t to t h a t p a r t o f
.
t h e S t o l e C «m <rtitutnm w h ic h r e la t e s t o t h e l i m i t o f m u n i c i ­
p a l indebttvhjtrs.?. T h e A m e n d m e n t p r o v id e s t h a t t h e c i t y o f
S t . L o u is - h a ll h r a u t h o r i s e d t o t o U B 8 1 0 ,0 0 0 ,0 0 0 o f b o n d s , t h e
p r r o c d s , . f w h i c h s h a ll b e a p p lie d t o t h e a l t e r a t io n a n d r e ­
p a ir o f t h e various h o s p it a ls a n d p o o r h o u s e s b e lo n g in g t o t h e
c i t y a w l to t h e c o n s t r u c t io n a n d im p r o v e m e n t o f t h e b r id g e s
o v e r t h e r a ilr o a d t r a c k s in t h e c i t y .

Springfield, 0,—Bond S i d e ,— March 2, 1827, the Board
On
of Education awarded the $31,000 of 5 per cent school bonds
to K, C. Btanwood <t Co. of Boston, Mass., for $37,500. The
S
other bids received wen*:
RttdWpb Kh-ybolte A Co., Citiolnitflil, O hio....... .............. -........... $37,499
.................. 37,188
N v' ii,;.’* ‘ Sow York. S'. Y..... .
.
s Koho A i ... <luuiuoatt. Ohio ......................................... “S'SSx
— .............. ..—
Sr.SCO
« , J. Hav< • A Sous, Cleveland. Ohio.................................. 36,600
! !
«• York, N. Y......................... ........ 35,810
K If. Hoi it. - A B o n -. B o sto n , M a ss...................................................... } 2 ? ’i 5
.in*. W I imruwe « Co.. Boston, Mass............................... *0aU8
.
S A Kctu,, Cisica.-o, 1 1
.
1
...
------ ---- .........— 10S'50
Inter, a t o n t h e securities is payable semi annually and the
principal w i l l mature in from eleven to thirteen years from
date of issue.
Superior, Mis. — B o n d .Veres,—On January 1,1897, the City
of Superior defaulted in the payment of the interest and prin­
cipal of certain of its street improvement and sewer bonds.
Parlies holding there securities are now depositing them with
the KnickerbocSter Trust Company, of New York, whereby
they authorize C. FI. White & Co., of New York, to bring
suit against the City of Superior to recover the accrued interear and principal of their securities or to secure new bonds
in exchange therefor. All interested parties should com­
municate with C. H, White & Co.
Waterford, Me. — B o n d s A u t h o r i z e d .—The citizens of tins
town have voted in favor of a proposition to issue §10,000 of
bonds to aid in the construction of an electric railroad.
Wells County, N. Dak. — B o n d S a l e .— is reported that
It
Wi ib County has sold $30,000 of funding bonds. Thesecu
ritics hear interest at the rate of 6 per cent, and the principal
will mature in twenty years from date of issue.

E N G IN EER S,

F.

J,

C O N S U L T I N G

P ic a rd ,
E N G I N E E R

CO LU M BUS,

O H IO .

[V ol . LXIV,

White Plains, N. Y. — B o n d S a l e .—The $9,000 of assess­
ment bonds authorized by the Board of Trustees have been
sold to the People’s Savings Bank of Yonkers.
Wildwood, N, ,1. — B o n d O f f e r i n g .—Proposals will be re­
ceived until March 8, 1897, by Latimer R, Baker, Mayor, for
the purchase of $13,000 of 0 per cent improvement bonds of
this borough. The securities will be dated March 1,1897, in­
terest will bo payable semi-annually on the first days of March
and September at the Tradesman's Bank, of Vineland, N, J,,
and the principal will mature in from five to twenty years
from date of issue.
The loan will be in the form of coupon bonds of $50 each.
The borough lias no previous bonded indebtedness, and the
assessed valuation for 1898 is $150,410 The summer popula­
tion is estimated at from 1,500 to 3,000.
Marlborough, Mass.—C. L, Bartlett, Mayor. The follow­
ing statement lias been corrected to January, 1897, by means
of a special report to the C h r o y i c l k f r o m Geo. S. Haskell,
Auditor.
This place is in Middlesex County; incorporated as a city
on January 1, 1891.
W ater B onds —Co n tin u e d —
L O A N S—
W hen Due.
•is, M&8, $ 3 0,000 ....... S e p t 3.1 9 2 1
C ity N o tes —
4s, A M ), § 1 0,000 ......... Oct. 1, 1807 4s. FifeA, 150,000....... Aug. 1 ,1 9 2 2
($ 2,000 due yearly) to Dot. 1 ,1 9 0 1 4s, MAS, 70 ,0 0 0 ....... Sept. 1, 1924
■Is, J& J , 18 .0 0 0 ....... J u ly 3, 1926
T o w s NOTBS—
4% s,A & 0, $ 2 0 ,0 0 0 .Apr. 1 ,1 8 9 9 T o ta l d e b t J » n . . l , 1897.. $898,456
S inking fu n d s.................... 182,451
GrNBRA! Loan —AAB&D—
4s, J&D, $ 5 0 ,0 0 0 ...... J u n e 1 ,1 9 1 5 N et d e b t J a n . 1, 1 8 9 7 ... 710,005
Is , MAS, 15,000 .......Sept. 1, 1905 W ater d e b t (in c lu d e d )... 538,000
4s, MAN, 6 .0 0 0 .......M ay 1 ,1 9 0 1 T ax v a lu a tio n , r e a l .........7,066,091
T a x v a lu a tio n , p e rso n a l..!,203,191
S bwkr B onus 1891—
4s, A&O,$ 1 2 5 ,0 0 0 ...-Apr. 1, 1911 T o ta l v alu atio n 1 8 9 6 ... .8,869:282
$18-30
is , ! A J , 1 0 0 ,0 0 0 ,...J u l y 1 ,1 9 1 1 T a x ra te (per $ 1 ,0 0 0 )...
Is. MAS, 2 2 ,0 0 0 .- ..S ept, 1 ,1 9 1 4 T otal v a lu a tio n 1894 . ..8 ,3 1 0 ,7 1 4
A ssessm en t is 7-10 a c tu a l value.
Wa t e r B onds —
4s. J& J, $50,000.........Ju ly 3 , WOO P o p u latio n in 1895 w a s___ 14,980
4s, MAN, 20,000 ____ M ay 1 ,1 9 0 4 P o p u la tio n in 1890 w a s ___ 13,805
4s, MAS, 1 2 5 ,0 0 0 ....S ept, 1 ,1 9 1 2 P o p u la tio n in 1870 w a s___ 8,474
4s, MAS, 75.000 .......Sept. 1, 1913
IN T E R E S T
th e b o nds Is p a y a b le a t t l i e W in tlixopN ational B ank,
Boston, M ass.
W A T E R W O R K S a re se lf-supporting w ith no ch arg e fo r lire o r s t r e e t
service. T he v a lu e of th e w a te r w orks a n d o th e r p ro p e rty ow ned by
M arlborough is a b o u t $869,810.

M IS C E LLA N E O U S .
1850.

1897.

The United States Life
Insurance Co.

Examinations and Reports Made for
IN T H E C IT Y O F N E W Y O R K .
Bankers and Investors of Railroad, Coal
A ll p o lic ie s n o w Iss u e d by t h i s C o m p an y
Mining, Oil and Electric Propertiesc o n ta in th e follow ing: c la u s e s :
__________ BKFTMtKNCBS SENT,__________
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M IS C E L L A N E O U S .
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Cable A ddress
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33 BROADW AY, NEW Y O R K .
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STO C K S, B O N D S A N D G R A IN

Bought and Sold a t 1-16 Commission.
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S p e c ia l a t t e n t i o n g iv e n to o u t-o f-to w n
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“ T h is p o licy c o n ta in s no r e s t r i c t i o n
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Accounts of Banks. Bankers and Individuals
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Bailroad Location and Construction.
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OFFICERS:
senes of 10
years of Stocks, Bonds, Grain and
G E O R G E I i . I1U R F O R D .. ..............P re s id e n t Cotton, and to 30 the methods of buying and selling
C. P. P it ALE l GH . . .......... .
. ..............Secretary on margin. also
A. WHE ELWRIGHT............... Assistant Secretary
L a t e A u d ito r a t N. Y , !,. E , dfc W . R l t . Go WILLIAM T. 8TANDEN.,...... ....................Actuary
C ash ier
ARTHUR 0. PERRY............. . ...............
EXPERT ACCOUNTANT,
JO H N P. M D M . ............
. . . . . ... .Medical Director

Jos. O. Osgood,

Wesley Farrington,

203 BRO A D W A Y , N EW Y O R K .
BouvK co:
Ma il i v i ! kxfkkss Beit, lint,

WM. FRANKLIN HALL,

Accountant
u s S 3 %S3 ^ ‘a

BOSTON, M ASS.

Books audited. ExAroioAtions and investigations
coatmcted with the utmost care and efficiency.

Fred. H. Smith,
N o. 8 B R O A D S T R E E T , N E W Y O R K ,

STOCKS ANI) BONDS.

FINANCE COMMITTEE;

GKO. G. WILLIAMS. ...........Pres. Chem. Nat. Bank
JOHN .1. TUCKER... .........
Builder
E. H. PERKINS, JR,, Pres. Imp. & Traders’ Nat. Bk
JAMES R. PLUM......__....... . . . . . . ........L e a th e r

Bank and TrustCompany Stocks
New York and Brooklyn
BOUGHT AND SOLD,

C LIN TO N
2

G IL B E R T

W A I.li S T ., N E W

SEC U R E BAN K VAULTS.

A f'V ' «

ST O C U
80 [ •

? rg e r>

« BROKER
Vrr, f SECURITIES,

Ala.

Street Hallway Bonds, and other high-m-nde In­
vestments.
BOSTON, MASS.,
C le v e la n d , O hio,
7 Exchange Place.
3 X 1 -3 1 3 S u p e r io r S t.
C dbU A d d re m . “K R N X F .T I V
© o tto ix

§ x tc h .

T. Spencer T u rn e r,
SUCCESSOR TO
B rin ckejrlioff, T u rn er & Co.,
MANUFACTURER AND DEALER IN

C O T T O N SAIL DUCK

IotIm S KttablJahod 1808
k.

of GnltetwJ Neetsriiles n:u! TrscRoe
s to e v „*Y,
iTW sola
4

BA N K ERS,

DEALERS IN MUNICIPAL BONDS,

YORK.

U A RO IN A O O Q U N T B S O L I C I T E D .
ISTKiU.-T ALLOW HI, ON BALANCER
Market le tte r '•*, Application. CorrespohdeiKs
All

W . J . H ayes & Sons,

GENUINE
WELDED CIIROME STEEL AND IRON

AND AMS KINDS 01’

COTTON CANVAS FELTING DUCK
CAR COVERING BAGGING,
RAVENS DUCK, SAIT, TWINE, &C„
POPE "AWNING ’’ STRIPES,

Round and Flat Bars and 5-ply Plates and Angles
FOR SAFES, VAULTS, &c.
Cannot be Sawed, Cut or Drilled, and positively
AGENT
Burglar Proof,
D N ITK IJ S T A T E S B U N T IN G CO.
CH RO M E 8TEEU W O R K S ,
A fall supply, all Widths and Colors, always In
Kent Ave„ Reap & Hooper Bts.
stock.
Sole Man Tory In the U. 3.* B R O O K L Y N , N. Y ,
1 0 D a n e .S t r e e t , N ew Y o rk