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financial/
xmtlt
flumes
Re p r e s e n t in g t h e in d u s t r ia l a n d c o m m e r c ia l in t e r e s t s o f t h e u n it e d s t a t e
(Batared according to Act of Congress, In tlie year 1896, by the W
illiam B. Daha C
ompany, la the offlee of the Librarian of Congress,]
YOL, 62.
SATURDAY, MARCH 7, 1896.
PINE S T R E E T , N. W . CORNER OF PEARL S T R E E T , N, Y.
NO. 1,602.
CLEARING HOUSE RETURNS.
Week m dino February 29.
e x h ib i t
Clearing* at—
1890,
New Y o r k ........
Philadelphia....
P itts b u rg ........
B altim ore........
B u ffa lo..............
Was bin.sw>n.....
Koeheetwr*— ...
Symeus©.. . . . . . . .
Lem m on. . . . . . . .
W ilmington.......
B in g h a m to «... .
To ta l M iddle.
637,300,575
is a s f o llo w * :
Tw o Months.
February.
mm.
vm .
«
.a .
i.m u i h .n n . t r r u
S aw Y o r k ....
*wra
Philadelphia,
3
f 8,77*. riN«j
F itta b a rg ....,
«M ftt *sS -HHP6
Baltimore ....
t lr >
M M s in t i
B u f f a l o . ...
W M biAgtoa.
0«r?/*Kr -wro
? i t* fwM
>
R o«hmttsT ...
*,»P I) ■H
-*j
f f m c a i* .....,
*,•«!> D
f-rirt|
t
Staranton.......
W ilm ingto n.
u m - H ) ~ * rt«
*7 »
Blm bm m loo..
Totml Midair .7.*)#7l St5:t£UU&fV*fci r2s*3j
H&
M m-
8*M6iyW*|
H artfo rd-------Sew B ftv tu ..
BvrtiMrfiaid ....
W o rc r it w .,,..,
PpruimtL..,
r a il R ive r,....{
t o w e il--------...
Saw Bedford
To ta l H. mag
C 6 I « 8 0 .v ,„.|
Olaetanatt.,.*,;
f i f t m u ..* * J
Cleveland.....
M ilw aukee,,...
Ooiumhm.
l s dutm iwtUk
.
..
M4XMI3!
-
M *, 'W
* m . 47
f/SAl
Sj9(fo»06j
m
‘ .mi.my
8*MW**I
ft
*iyfn $*i
1%* **»
Etmj m
$$m m*
lUK&VSl
LttKtiueto*
E a d au sso a
Akron. ... ....
.*.,!
l*yS tyA
**'
ffc m fa rc L ,
torloir8#M ,.
tw aW B
TOI.M.W***.
i? S »
M W
871,0*6
tfS / tfp ttl
Sag r m c f i M
»k#Clty
Bdb. ...
13371 7 '<
4
MU**!*
0*4.119
tw js ij
Spokane
Tmrgo. . . . . . . .
81oux Fell*. .,.
To ta l p»©j a#
l.OAV.US*
66f,«i6
M *
rtT
75>s 7,«*p “
Kant** City..
MlAAMpAtf*.
O m aha,., , .
8«, P a ul...
Denver..
8 C Joseph .
30.POA853
*I MM
fle a * City ..
1.0: * €42
U » .M 7
-7
|,7lfjM »
L4nooic.....
Too***..........
W ic h ita ..., ]
FftMMNML, ...
fito K ia m .......
T o t. o tii'fW .
f t - L O U l»....„,
New Qrleene*
‘ ©ufevltle^,....
dveet o o „ ...
10.5*0 i2«}
ffae bvm *.,,,
k
MS0.14JUSU f!5-fl
a tt
4*1
108.071 ,M j 421*2
I><^ 07-780'! 41144
3t.4«.3-.r4 4 U 4
14*19*105 4 1 I V
« ^
if
l.-nrj y.H f l l t j
*5M/Ds..m F it ?
' aM43Mnff
M
49** tSfsM 7oi
;1 ?
mmiMH
1 T J -7 J I3 fit \
iMSjrn 4#'3 11,187 00‘
8,*«# m l ♦7**4 C h ia u fo ....... . . . . . . .
fls 4 it*i Clncdnn*!!......... .
v
C lrre ia iid ..
Miiwaulrt#..,
C o io m b m *.,... . . . . .
«a«5..4»a372 434 IudlimapoUa . . . . . . .
V t P e o ria ,,,,..
48,475 ID2i 46*0 Oraad R a p id s......
4 4,0I f ,§081r « l .*8 larxIOjiKm .. . . . . . . . .
OMOOyOO* -4*9 HAgtnaw#... . . . . . . . .
^ 2 lftC .w i4 U * 0 Kalaraasoo.... . . . .
a . 9 - W : 92*t A kron
4 3 c s 11*0 Bay C i t y . . . . . . . . . . . .
7*325.799 —i f
Roeklotit........ . . . . .
-n f
Soririirfield* O h io ..,
.’4-*
*
3 H # I7 J S «
*7/^« ?JO
4tfT*
9M*jm
»3
1,401.477
»
*.rt-
-
i.«
IjM A S jA IT?
2K
4n
tl4*i
fd t
ttn
2.1 **W I — 4' 4
«37s*MI
3Y2 ^t# t*.S3
9twu *. T-iiyt
srs
19.0IHS5’ rS
13,&57,7r!-4 fW
IS. - *7« rU*S
S'I
UHJH9JM
♦
«t
h.immi ♦
4
ism.# ■ V
u m .u s t - t ro
m miMi 48-i
24 %m,7h?
9 z m .m
! : ■ :;
.
3a.M2.i57 -Hsr»i
S iJ ’ U B 1
r
8,0 55,'42,4 -i r i
8,«31.07714-aSr;
8.S7S.378i a |-3
7440.S29 4STv
4,239 *1^1 441-5
S,*47,01«l +*'*
3.S347-SS! 424*7
3.X70.4MO,,4^r p
t « *9
*'
i -§*3
4*»‘*
-12*0
1,6«S,S24
3,54 l/C A 4'18f
3J4I3.7I4
1.007,-1 3 4 .;
M ontr»Al........• 38J2%OI7i
l l f l f u ..........
1,*07,160
Winnipeg. ,.
< 4 " ’ ?-?
umffliiton... . . |
%n m m s
Tfit.. r«nad«% “ mF^55
4103
'
a n
84.787,01 A'
• , -♦ «-©
< '
10,4154 51 ?
fyiiayiiot
0 3.1 I
,09 H
(
0*914105;
f 8,*8 ,7 7
08
-r «
48.46S.35t 4-27*2
0.116.5,tO 41**2
------ *
rt,7«8,*3l 4 naro
5.1846*4 ,411*0
1714^83 155.719.717419’ *
P » r ta b le «*f e lv n r iiig * by te ie «rc tp h sss P a g e 1 12 ,
4731
-0 8
477
tri
414 I
4S5
4 1 T*
” 5*4
433*1
•fee
288,800
662,246,002
84,0*9 289
3.789,90
2,016 492
1,130068
1,-/87.215
l.U 6.900
1.210,607
77 8
3 .* 1
609 5'.6
412.660
97,186,327
1,016,533
280,600
0^3,483.907
1OS.0SO.74O
6,620,000
H
«
1,496 300
1.201 008
1.324,016
1,020,398
04 6,080
46?,334
322,893,180
107.278,243
10,408,700
7 829,661
6.771,286
11,514*00
6310,3*!.0
6 491.102
430,476
I
«
1.340,891
L u u :m
1,975.266
791930
270,153
'8S 8S
641,731
174.73?
2710,581
164.943
232806
147,595
l&l.OOrt
140,022
140,719
126,835,863
tO fl
14,23^,802
1,1 .4
03 91
936.800
1,134,098
865.388
580.927
451.433
389,095
98.334
19,426,398 ’
_ 63*167
_
118,418.716
168.088.637
17,710.231
1489,800
2,4*76,000
1,020.251
723,902
1,040,131
1,110.73*
1.132,97*
Wt0
&
ji
T 27*4
♦ 307
-1*2
10,150,072
6.005,a?« M
•
— W ’0
4.427 270
—41
1*
-01
2.8*8.744
1*459,025
8**0.038
521.105
160,000
14.C 7.138
D
L110 718
847.343
1,070.7.-8
m
190,261
170.10?
50,228
,7 f t
-14-8
— 32*1
-3 1 5
-26*9
-19*1
- f 15.4
3!,9<2.181
3Q.2rir.9-W
-t 5 I
2t.8&
7,912
001. 744!
479,671?
70887
13.207,1*01
S.20H.46*
IT C
1.984.104
8.472,957
4.KH2322
6,676 2 8
4
2 919.141
2.700,57a
1611,667
924,783
450088
5& 9
1 .5 4
610.9/5
110,800
100,0*0
.
29,214 «U
1,080 888
1.300,705
907,403
070,984
044.233
711,872
27 2
9 .9 :1
271.418
412,140
f M
mss
2,315,866
1,132,393
1,283,340
765,797
499,74*
810 184
113,2*7
120,000
42,83:4,236
HSUS
8/223,695
1,872,786
2.208,207
1,245.378
955.000
till
*
I . W
660,0001
581,786
373,789
807,210
*
2!
318/100
*i
204,855
a S IB o o e
0S4.S1M
631.426
295.U47
10.808,08*
25*079,038
12 045/28*
1,991.319
S j m iM i
1.463 cm
536,760
6f t >00
3C0 000
267.091
90.942
120.666
179,100
19.260,387 " " W M ’
M
23/2*0 4&0
8.311,875
■:
■
2,^90.000
2,20(D» 0
:o 1
2/238,3551
418,958
# 0^1
■j
0
■ «
702,16*
838,061
558,202
514.335
518.101
“i L m s s i
t m l 891,090,109 1,310.343.838
■ i*1 ' 410,077,039
'X
Total a l l . . . . . . . . .
'Outside N . York
M on trea l..,...........
Toronto,
Hal
H a lifa x ... . . . . . . . . . .
Winnipeg
12,95 1
0.72
8.663.9<
5
1,3 ,5
54 51
1.4LM 876 61
8.1
751.792
71‘,2 4
1
90886,153
TVdWto*.... . . . . . . . . .
D a y to n * .,,.. . . ------T o t. Mid. W c it’G1
O m aha...., . . . . . . . .
8A,90l^«7
E7-» CO4.927 419*8 St. P a u l................
149,4:5.04 -t*47 D « n y « r ..... **«*««»..
4&4*O«0ft
81>t3 3 3‘417*0 St. Joaeph.. . . . . . . . .
1
548*148.4
31 4 3S -4lS De* Moines.. .. . . . .
*6 3 5r *0
g£$msm 482* Hioox C it y ,...........
31.706.205j 4 2 0 Lincoln. . . . . . . . . . . . .
7491,431
M76J6I9) - S *8 Topeka.,..,,****....
■
i t a ..,......
\ 4 m8>74:~€7*0 W i c hont....... .
F rem
.(•4125
?
*,«iiji» -r»* Hastings.. . . . .. . . . . .
.
U43
Davenport*.. ..
571,331! -3*7
T o t , other Weft.
4«.94»417*3
t5wK5v» ' 5841>1.V,7«» 417*9 St. L o ttif ..... . . . . . .
New O rleans.......
201 >39439!
1O0JM3.815 40*8 LoulfTille..........—
«R «U S ®>.861.7M> 415*9 G alveston..., . . . . .
*| M
*7 H ouston..,,. . . . . . .
53M4&6ftfl
M ,403.»9 — 1
s i. m s . m ;
* « f»>67 -5-1 Savannah..., .. . . . .
.*
M M 7 2 H -2*7 R ichm ond..., . . ..
S
10,950,8.^ 4*8*1 M e m p h is ,.,,........
21.O09.2h8 -7*5 A tlanta..................
80J3O^46
16.618,180 431*9
0.0 .1/0 434*7 NftshJiiieinr’ I I I ”
31
1 Y .»H
UJ#M17i 1 .1 7 *
9,310.019
8 S .3 -«•? Norfolk— . . . . . . . . .
*S 2 i
W a c o ,................
9.177,9^
7.7C3>40 419M Port W orth ...........
8.881.940
Augusta. . . . . . . . ...
-6.61H4.7i
8.381P2h -IT i B irm in g h a m .......
4714.115
4.2* 0.203 43 rH L ittle R ock.........
3.781486
r*'**8 Jacksonville ... ..
3*021*570 -2'0 Chattanooga,, ,.,*..
« 68 31
7.4
$ mu »s -29*6 Knoxville* . . . . . . . .
>
_ U 644.852 424}
To ta l Southern.
37,79^121! 40*s
®
20.19 L «f6 4.4F*
4 » 3 M t « 41 PH'
2 21 028
_+r | ;
r m jm jm
♦ -^
*8
San Fraaciaeo...
♦ 3'# Salt Lake City...
|~ l r ?
W
Fort w orih t ..
♦ icra
• f
AMjrati*... ...
1,T§A*1S
1.175405 410*7!
Birmingham,,
1 *193,791
i.'*7.sr<
n
%mX9 Mock...
14#»493 -JF-4J
£•«* m e t tle .,;
851>18 i9ti
Chattanooga..
L «tq
>4.157.10 41'8
To t* ! South, ni,>35.'S* <10.U7>3« 416*11 ' 1
♦ 11*5
ToMll n il,..*. €,!» 1.742 €03 3, 4<n,6<«478l*2rrj' «,710,929.0 0
Ouinidt S Y
* .jl*7SS,t7o,Ji7 1. M i m a l ? ' f l f o j »,7Vs>^&r> 3,§51.2|7.*l 40*3
Torotsto......i <
0.61-5077'
— 31
*
420-1
-4*7
7*5 S<1
Portland.........
100,353^87 49-7 l*o« Angel©*..,,,
4144 Helena........ .
MCM«o
T a c o m a .,,.,,,..,
ia s s
047uni 2C3 Seattle........
6.327,rt#l -15*0 Spokane..,*. . . . .
43*7 F a rg o ,..,, . . . . . . .
M.V5 Sioux Falls.....
# »• .t*-2
,« %
8.811.6 M
Total Paul Ac..
1.120*870 424*»
.IJ IT M M
m &
41
62i,5P 414-7
Kansas C i t y ........
' UO VS yfM 4l*ri M inneapolis........
45't
03.980,6*0
11.322,1*3
3,933.14’
I 029,776
L5&7 ItS
.
u s l
i.iwjS")
4,17*7
-
61,391A7
ft
iV4*i,Ov3
14,-14555
rn : .. ! -
~2?'t
747.51$ •f.ti#Tt
l.*77jSdt
7«0,»^7
8SI.7MI 44«rt
fwMWf n r»
ffTjMfitOb "iH
^H*4
i^w:m
■- ;■
.
1893,
465,002,469
87,676.111
B o s t o n ............
4.96*4'' 0
P y o k M e o tf..,... . . .
a.£43,i« .
H a rtfo rd .... . . . .
412*0 New H a r t s .,.,.,
i A x tx x l
i.»35,107
Springfield,. . . . . . . .
142*1,¥Ti
W o r e t iie r .-..,..,
1,3371 i
00
7<Tft.8COOtl 43 2 ForttaiM*H«**»b*» -..
*50 Fall R lw r ..............
775,754
03«.hO'H>
i9S45,n7S -f 1* '$ I .o w e li.. . . . . . . . . .
lt ,9 4
8,t
*\* t5 New Bedford..,.
452,510
I,M
U e«M 1 1 5 Total .New K n g ... ' i©Cidl,i7b
V li. 4 -4
1»\|5«4.7-a
tj*;**^' fruf
1894.
1895.
47 2
M «M < *
:mf74,«j#7
m.>m
MsS/*i4
-
M I.n -' ♦I-7
10W >
7.7*8,103 M3 8
4 *0
-8
» » ,3 S I
mmm
MR*.#'?
&Anjm«m
F ji V W M t t r Y i
01.017.518
i t-iL.viO
ttfi
m
1.27,023^71
\SSliSl
rtm
upftie-------fi& S*.:::::
m>45,l?t
7,*45U H . f ti*ti
~tw>.
-II i
tirjm 4^7%
1O4 VS4O0O 4 ISP0
MMM
*
~ --~
r.ct
i ms.
UBW*
i
ip
.
T h e w e e k 's t o ta l f o r a l l c it ie s s h o w s a g a in c f 12 p e r c e n t
o v e r 1895.
T h e e x c e s s o v e r 1894 is 21*8 p e r c e n t a n d t h e d e
c li n e f r o m 1898 is 19*9 p e r c e n t , O u t s i d e o f N e w Y o r k t h e i n
c re a s e c o m p a r e d w i t h 1865, is 4*4 p e r c e n t , t h e g a in o v e r 1894
is 7*2 p e r c e n t , a n d t h e Ices f r o m 1893 r e a c h e s 17*4 p e r c e n t .
xt C h r o n ic le .
F o r th e m o n th o f F e b r u a r y a n d th e t w o m o n th * th e
s
9 2 .1 5
.4 3 4 )
“—
^
|
8 819,378
*,813.619
-4 H
■*J8?
+50*6
910,010
730,99?
713.549
11,748.795
5 92(1.837
1,207,890
620.(20
5 0 2 1j
7 .3 1
590,189 -(F 7
19.7 07 ,
To ta l Canada.,...
17,9*9,3*?! " 15.S »1,716
* Not Included in Intel*.
+ PublleaHon suspendod for iho present,
H ilton.
am
THE CHRONICLE.
432
[Von. LX II.
course took no cash out of the Treasury. U p to
that time the common stock was less than 15 million
Another nightmare seems to have disturbed the dollars; it was then increased to 25 millions, five mil
slumbers of Washington legislators and led to indiscreet lions being sold, two millions going to acquire the
action. We say slumbers and nightmare, because Con Pittsburg & Western and three millions being needed
gress apparently admits that it is not sufficiently wide for the stock distribution. Cash dividends were resumed
awake this year or at least in possession of sufficient in 1892, or about five years after the suspension of
energy or activity to complete the enactment of any dividends in 1887, and the cash payments were con
for
a period
of only about two and
laws of importance though business interests deeply tinued
a half years, the
shareholders having received
need them. It is only what looks to the distant ob
since
November
1894.
The
aggre
server like trifles, as for instance “ seed distributions, ’ nothing
or diplomatic affairs which require a Washington imag gate of dividends in the two and a-half years
ination to give a hostile shape to, that are equal to was 13^ psr cent, ealliag for $3,312,088- This 3$
arousing that body into action and then it is a positive million dollars is all that has been given the common
scare, for the vote is almost unanimous every time. stock in cash in the whole of the last nine years. The
All this might be merely amusing were it not accounts regarding the company’s condition, we are
for the unfortunate feature that it strikes at informed, are greatly exaggerated, but it seems to be
that there i3 a floating debt of between
our
incipient
industrial revival
every
time true
12 and 15 million dollars, and that about 20
and gives it a shock and consequently a back-set,
of
cash will
be
required to
dispiriting in the extreme to commercial classes. For million dollars
not even waiting to settle up our difference with Great put the property in good shape physically and
Britain, and regardless of that situation, we have this financially. Clearly the payment of 3£ millions for
week done our best to stir up ill feeling with Spain, a dividends (and this amount would not be greatly in
country that has shown us great friendliness recently. creased even if we should count the 1300,000 per
While the Baltimore & Ohio receivership and the annum paid on the preferred shares the last two or
years as “ unearned”
dividends) cannot
developments connected with it are in every way un three
have placed the property in position where it requires
fortunate occurrences, it will be necessary to suspend
judgment regarding the matter until we can get a 20 millions of money to place it on its feet. It is obvi
clear and definite statement a3 to the actual condition ous, therefore, that more light is needed to show what
ot the company and the causes responsible for its accounts for the company’ s embarrassment.
We give on a subsequent page the full text, obtained
downfall. Ia the meantime it seem3 desirable to cor
rect the impression, which appears to be so widely by telegraph, of the decision of Judges Gilbert and Han
entertained, that the explanation of the company’ s ford in the Circuit Court at Seattle concerning the
collapse is to be found in its having paid so-called matter of the Northern Pacific receivership. It
“ unearned” dividends— that except for the payment was supposed a few weeks ago that this whole ques
of these “ unearned” dividends the company might tion of the conflict of jurisdiction between the differ
to day be in sound condition. As to whether un ent Circuit Courts of the United States had been
earned dividends have actually been paid we have settled by the joint action of the Supreme Court
no knowledge; the annual reports certainly showed Judges assigned to the Circuits where the conflict
that they had been earned ; nor do we know what have exists. But it appears that the Washington Court is still
been the results of Mr. Little’s investigations an obstacle in the way. It will be remembered that the
in that particular. B at this much is clear, that plan by which the settlement was to be effected wag
the whole amount paid out in dividends during that of the issue of an identical order by each of the
the last nine years would not be enough to em Supreme Court Judges to the Courts in their respective
barrass a company like the Baltimore & Ohio were its Circuits, directing that the Circuit Court for the East
condition otherwise sound. It seems to be forgotten ern District of Wisconsin be regarded as the Court o^
that the stock of the company is very small and that primary administration and that the proceedings ih
the dividends on it in recent years have been quite the other Courts be ancillary in their character and in
meagre. The company first suspended dividends on aid of those of the Wisconsin Court.
its common stock in 1887, and this led to the selection
To carry out this intention the Farmers’ Loan &
of Mr. Samuel Spencer as President of the road. Mr. Trust Company applied to the Washington Court, ask
Spencer, whose ability and experience as a railroad ing that Receiver Burleigh be removed and th a t
man are known to all, made a very thorough examina Messrs. McHenry and Bigelow, the appointees of the
tion of the property, changed its method of account Wisconsin Court, be appointed in their stead. This
ing, and furnished the first full statement of the com application Judges Gilbert and Hanford have denied,,
pany s affairs which had been issued in years.
giving as their reason that “ it is not implied in the
Mr. Spencer remained the executive head of the order (of the Supreme Court Judge) that the Receiver
company for only a short while, but obviously every heretofore appointed by this Court must be dis
thing unfavorable regarding the property which had charged, or that the receivers appointed by the Court of
developed up to that time was then brought out, and primary administration shall be substituted in his
the company started on a new stage in its career in a place. All the objects to be secured by the order may
thoroughly good condition, both physically and finan. be obtained by the retention of the present receiver.
oially, and needing only (as it then seemed) careful * * In our judgment the proper management of this
nursing to restore it to its old state of prosperity. property requires that it be in the hands of a receiver
There is a small amount of preferred stock, and it was resident within this circuit and amenable to the orders
not found necessary even in those days to interrupt div of the Court thereof. * * The administration of
idends on it.
Nothing was paid on the common the property by this Court and by the other Courts o f
stock after that until the latter part of 1891, when a the Ninth Circuit will not be less ancillary in its char
stock distribution of 20 per cent was made. This of acter from the fact that the receiver heretofore ap-
THE FINANCIAL
SITUATION.
THE
M arch T, 1886.]
CHEONICLE.
pointed shall he left in charge of the property over
which he has heretofore had con trol.”
Considering that the whole object o f the action of
the Supreme Court Judges in issuing their identica
order was to do away with the anomalous situation
arising oat of the existence o f several seta of
receivers,
this
is
very
remarkable
language
The Judges
in
the
Washington
Court were
the original cause of all the trouble, in their
refusal to recognize the receivers appointed by the
Wisconsin Court, and now they persist in their
course. Their contention is that the Wisconsin Court
can he treated as the Court of primary jurisdiction and
yet the receiver appointed by the Washington Court
be retained. T o U this looks very much like trifling
3
with the mandate of a superior tribunal.
A t the close of business on February 37th the amount
unpaid at the New York Sub-Treasury on account of
the principal of the $87,333,950 new 4 per cent bonds
charged to that office wa3 113,912,150. A t the close of
business on March 6 there were unpaid $7,9IS,550 of
such principal. It is estimated than the amount of
principal and premium yet to oe paid at all points is
about £11,500,000. The total amount placed in the
depositary banks on bond account was $29,081,152 38
representing principal, premium and interest. Of this
amount $7,891,728 81 was last week turned over to the
Treasury, leaving$21,189,425 6 7,of which $0,972,628 55
gold has since been exchanged for legal tenders and
the remainder of the gold is already included in the
Treasury reserve, although still in the depositary
banks. The Treasury statements of ewh embrace
everything in the depositary banks, gold as well ai
legal tenders. Th e amount reported last week as hav
ing been withdrawn from the Sub-Treasury on Friday
was estimated at $1,250,000. The actaal amount re
ported from Washington was $1,269,700 and deducting
$704,702 05 paid in leaves a net loss o f $561,997 95
for that day and of $164,552 38 for the week. Cor
rected totals of payments, withdrawals and net Febru
ary 8 to 28, and February 29 to, March 6 inclusive are.
Ftrymmfs.
Sri.
W M drtneaSt.
Feb. 8 to Feb. 28 *34,869,949 «7
Feb. 29.
958.923 77
Mart* 2...,
339,753 74
" 3 ...
521,117 55
" 4 ..„
153,583 75
* 5 ,...
•
597,087 20
"
239.047 m
Total.......
.§97,479,243 20
§40,032.140 87
814,817,800 00
185.900 0O
792.523 77
160.000 00
188,703 74
91,700 00
428,417 55
873.200 00
-239,830 23
229.200 00
367.887 26
1.030,000 00
*410.032 54
*10.696300 00
*10,792.4 11 20
*Lb*«
Washington dispatches of the 6th reported a net
gold reserve of $125,236,090, The payments for the
bonds have now reached $97,758,879, of which $87,878,450 has been on account of principal, $9,765,580
premium and $114,849 interest.
Money on call, representing bankers’ balances. has
loaned generally at 34 per cent at the Stock Exchange
this week, with gome loans at 3 per cent and at 4 per
ce n t; the average has been about 3| per cent. Banks
and trust companies quote 3 j per cent as the mini
mum, some obtaining 4 per cent. There were fairly
liberal offerings of time contracts early in the week on
good Stock Exchange collateral at 3 per cent for
thirty to sixty days, 34 per cent for ninety days
to four months, and 4@4,j per cent for live to eight
months; but on Wednesday rates were slightly changed
to 34 p ercen t for ninety days and 4 per cent for four
to six months, and lenders were disposed to favor long
engagements. Banks report a good business in re-dis
counting for correspondents in the Sooth who are car
438
rying cotton, and for those in the E rst, the latter
loaning on mill products which are held in stock
awaiting demand. Some o f the cotton mills h iv e shut
down, while others have suffered from floods; and the
accumulations of goods are so great and the demand so
light that repairs to those crippled mills will not be
energetically pushed. This naturally lessens the sup
ply o f commission house paper, commonly known as
acceptances. Early in the week rates for com mer
cial paper were qaoted at 4 f per sent for sixty
to ninety day endorsed bills receivable, while
other grades remained unchanged compared with
last week : but later there came a broader demand, with
some inquiry from parties who have not hitherto been
in the market, and as there was no pressure of offer
ings rates slightly advanced to 5 per cent for sixty to
ninety-day endorsed bil's receivable, while four months’
commission house names and prime four to six months’
single names remained unchanged at 5@5^ p ercen t
and good names running for the same periods were 6
@7. Towards the end of the week the supply of paper
seemed to b» increasing.
It is reported in Paris that the French Government
is supporting the offer of a syndicate of French finan
ciers for a loan to .China of 100,000,000 taels
($75,000,000), France to guarantee the interest on
the loan on the security of Customs and other con
cessions. The Bank of England minimum tate of dis
count remains unchanged at 2 per cent. The cable re
ports discounts of sixty to ninety day bank bills in Eondon f @ f of 1 per cent. The open market rate at Paris
is 11 per cent, supposed to be influenced by the flurry in
Italian securities. At Berlin aud Frankfort the un
official rate is 2 per cent. A ccording to ou r special
cable from London the Bink of England lost £158,864
bullion during the week and held at the close of the
week £48,957,149. Our correspondent further advises
us that the loss was due to £132,000 received from
Holland, to £217,000 sent to the interior of Great
Britain, and to the export of £74,000, £14,000 going
to Russia, £10,000 to Argentine and £50,000 undeclared.
The foreign exchange market has baen unusually
dull this week, with the tone generally firm, growing
slightly easier towards the end of the week, due, it is
said, to renewals of some sterling loans. One note
worthy feature of the market has been the entire ab
sence of change in rates for actual business in ster
ling, these haring remained unaltered at 4 86J
@4 87 for sixty-day, 4 87|@4 88 for sight and
4 88@ 4 88}
for cable transfers
since
Friday
of last week.
Another feature h3s been
the
firm
tone
for
commercial
sterling and
the
high rates for cotton bills, holders of the latter de
manding 4 86^@4 86} for them, which figures are very
close to those ruling for bankers’ long sterling, For
nearly six months oottoa drafts have been maintained
at prices so high that there has been very little profit
in buying them. Some bankers report a fair amount
of business during the week, but the majority 3ay that
it has been quite dull, with a very light supply of all
kinds of bills. On Monday Brown Brothers and Lizard,
Freres advanced their posted rates half a cent for both
long and short, and the tone was quoted as firm with no
change in rates for actual business, as noted above.
Oa the following day and on Wednesday the market
was quoted as dull and steady. On Thursdsy the
Oanadim Bank of Commerce advanced the short rate
to 4 89, The tone was a shade easier at the close,
though not quotably lower. Yesterday the market was
[V ol . L X II.
THE CHRONICLE.
434
a little firmer but otherwise unchanged. The following against 3,024,032 shares in February 1895. T h e fol
table shows the daily posted rates for exchange by the lowing is our usual table.
SALES OF STOCKS AT THK N8W YORK STOCK EXCHANGE.
leading drawers.
Mo n ., TFES-, WED., T h o r .. Fill.,
Km..
2
Feb. *8 Mar. * . Mar. 3. Mar. 4. Mar. 5. Mar. 6.
87%
mu
m%
87
87-14
Brown Bros....... (WdAJf..
80
69
60
S f*
( bight-...
S8H-0
t&H
87U
67 H
1 60 days
Baring,
mu
89
ll*
§1*
89
m
8®
Magoon & Co.. l Sight,...
S7*
87*
Bank
5 60 days*.
(ft*
a rk
87H
I *
89
80
m
m
Six Am erica.
87*
8 7*
8 7*
6 7*
*7 *
Rank o f
i 60 days.
b7H
89
89
89
60
80
Si*
M ontreal. . . . . . (Sight....
mu
87%
Canadian Bank
1 1*
89
m
u sst
o f Commerce. | S $ £ :
8%
H7*
lieidolbach, lek- 160 days.
81*
RM
TO*
m
g *
60
80
80
60
dheim er & Co (Sight....
88
88
68
88
8$
160 days.
Lamrti Tmxm*,* (B ight....
89
60
89
89
m
§®
87%
87*
Merchants’ Bk, 160 days.
mu
87H
« '*
i *
80
80
80
89
80
o f Canada..... I Sight....
The market closed firm on Friday at 4 87|@4 88
for sixty days and 4 89 for eight. Bates for actual
business were 4 8G|@4 87 for long, 4 8 7 i@ 4 88 f or
short and 4 88@4 88£ for cable transfers.
Prime
commercial bills were 4 86J@4 864 and documentary
4 8 5f@ 4 86. The bullion brokers report the gold
premium nominally
of 1 per cent, but no busi
ness of consequence has been done this week.
We hare prepared our statement of bank clearings
for the month of February, and it makes a much bet
ter comparison with last year than did the clearings
for January, the increase reaching 20'4 per cent with
New York included and 12 per cent outside of [Slew
York, The weather conditions last year were unfavor
able in February (though there was some increase in
clearings at that time notwithstanding that fact), and
the present year the month contained an extra day, it
being leap year. Ou the other hand, in New Y ork
and some o f the other States there was an additional
holiday in 1896, namely the 12th of February. The
following gives the totals for January and February.
MONTHLY CLEARINGS.
1806.
January,.-.
February
Clearings Outside New York.
(Hearings. Total AIK
Month.
1805.
P.CL
1800.
1895.
P . Ot.
$
®
1
f
4,600,1117,409 ! 4,402,068,000 -H ’7 2,010,753,791 2,007,900,491 + T 9
2U
4,101,762,407 8,107,€02,178 -H *4 1,728,770,777 1,543,220,917 -f-12‘0
1895.
1890.
Month.
J a n ...
Feb .
Number
of Shares.
Values.
Actual.
Par.
1
4,585,612 417.301,550
5.203,bP& 402.613.700
Values.
Number
of Shares
$
250,445,065 3,243,905
306.280.139 3.024.082
P a r,
Actual.
$
318,422,500
300.314.750
$
192,636,034
188.106.308
The Chicago Burlington & Quincy statement of earn
ings for January was issued last Saturday, and on account
of the small movement of corn along the company’ s lines
the gains are not very large, reaching only 1218,773 in
gross and but $80,859 in net. The Louisville & Nashville
reports for the same month $86,435 gain in gross, $2,164
gain in n e t; the Canadian Pacific, $303,762 gain in
gross, $149,230 gain in n e t; the Denver & Bio Grande,
$38,051 gain in gross, $3,932 gain in net; and the N or
folk & Western $153,384 gain in gross and $145,756
gain in net. The following furnishes a four-year com
parison for a number of roads.
Name o f Hoad—
Canadian Pacific,... — - - -.
Net
Ches. Ohio & Soutinvest'n. .Gross
Net
Chicago Bari. & Quincy*.. .Gross
Net
Cln. Jaeksem & M ack.. . ... .
Net
Denver & Rio Grande.. ... .Gross
Net
Illinois Central.. . . . . . . . . . . .
Net
Kanawha & M ic h ---........ .Gross
Net
Net
Kan. City Mem'. & B irm .,.
Louisville & Nashville....
Mexican Central........ .
Net
Net
Net
N orfolk & W estern. . . — .
Net
Oregon Improvement Co.. . Gross
Net
Philadelphia & K n e ,— ..
Net
R io Gi'ande Southern,. ... ..Gross
Net
Rio Grande W estern...... ..Gross
Net
Toledo & Ohio Central,...
Net
_____
------- ----------- January Earnings.—
------- ------- 1895.
1894.
1893.
1896.
$
$
$
§
1,171,036
1,390.755
1,535,583
1,474,798
382,645
515,034
495,950
316.720
172,285
210,909
178,930
203,205
44,373
77,132
53.419
73,168
2,374,832
2,777,130
3,199,035
2.593,605
924,158
865,571
712.467
793,325
43,737
50,529
52,486
52.290
2,980
6,883
5.166
3.C47
748.616
531,515
5Q O
0,6 S
569.566
196.770
316 211
215,870
219.802
1609,156
1,486,036
1,546,595
1,812.277
346,300
409,616
592,184
538,048
30,878
28,174
25,880
41.143
10,131
10,211
8.065
2.373
403,704
479,608
353.070
356,747
112.321
140.325
116,530
108,729
92,711
113,788
110.611
115,568
32,619
35,385
20,857
32,312
1,651,610
1,857,669
1,602,102
1,688,537
619,891
687,774
687,821
622,055
822,232
793,043
717,214
634,660
355,421
244,567
160,367
318,818
975.683
822,199
683,747
788,154
86.431
233,932
88,176
181,181
265,036
244,205
281.450
262,576
24,452
11,512
20,942
30,097
289,095
321,404
249,100
234,986
33,190
41,721
.23,454
26,800
36,370
29,293
60,506
29,790
10,274
30,816
15,459
11,218
180,260
141.370
149,896
145,753
38.W95
35,794
53.466
88.387
144,451
118,372
188,246
140,424
44,820
34,783
63,073
35,854
Concerning the results at the leading points, the
* Includes operations o f Chicago'Burlington & Northern fo r all th e years.
subjoined statement furnishes a comparison for the last
The following statement gives the week’s movements
four years. This table also gives the grand totals fo r of money to and from the interior by the N . Y . banks.
the same four years, and it is interesting to observe
Received by Shipped by
N et Interior
from these latter that while the aggregate for 1896 at
Week Ending March 6,1896.
N. Y. Barilo ■ N. Y . Banks.
Movement.
4,102 millions compares with 3,407 millions for 1895
C u rre n cy ............
... $5,134,000 $3,800,000 Qain.$l,334,000
and 3,210 millions for 1894, back in 1893 the amount G old ...... ........ .....................................
329,000
300,000 Gain.
29,000
was as large as 5,082 millions, and we may say that in
T otal gold and legal ten d ers..... $5,463,000 $4,100,000 Gain.$l, 363,000
1892 it was even larger, beiDg 5,208 millions then.
Result with Sub-Treasury operations.
VEBRUABY BANK CLEARINGS AT LEADING CITIES.
a
—F eb ru a ry.— -------— -— J a n u a ry 1 to Feb. 2 9.— n
r o o c .o o o s
1 806. 1895. 1894. 1893. 1893. 1895. 1 894. 1 8 9 3 .
om itted,)
*
$
8
$
$
$
$
$
S o w Y o r k ... 2,373 1 ,8 6 4 1 ,7 2 4 3,067 4,935 4 ,259 3,S90 6 ,628
C h ica g o.........
331
311
296
389
720
696
663
853
B o ston ...........
338
299
290
388
720
706
683
868
P h ilad elp h ia
2 54
2CO
230
312
559
526
457
667
91
a t . L o u is ___
83
83
93
202
2 00
188
2 08
i)»n Fran’ o o .
53
48
48
58
100
126
110
101
B a ltim o r e ...
56
43
47
58
123
110
124
108
P itts b u rg .. .
45
57
44
55
125
103
101
124
C lu oinnaU ...
47
13
61
48
96
107
104
130
N ew Orloaue
43
30
37
50
93
81
90
112
K a n sa s City
40
35
42
34
89
75
78
91
L o u is v ille ...
24
26
25
35
54
55
54
71
B u O a lo ..___
16
14
14
36
18
32
31
38
M inn eapolis
27
17
18
28
41
61
41
59
M ilw a u k e e ..
20
19
16
34
41
39
37
73
22
D e t r o it .. ..
23
20
30
51
48
45
P ro v id en ce..
20
16
19
30
40
44
38
17
14
0 tn a li» .........
18
28
37
32
30
62
C ie v e a n d ...
23
17
23
51
16
42
37
51
IO
11
10
21
D e B v ir ,........
24
22
22
43
12
St. P a u l........
15
19
17
37
32
26
42
------
T o t a l .........
O th e r citie s..
3,878
224
3 ,2 0 0
201
3,017
193
4,835
247
8 ,2 1 9
492
7,353
457
6 ,830 10,492
441
5 42
T o ta l A ll... 4 ,1 0 2
O u tsid e M .Y. 1 ,7 2 9
3,407
1,543
3,210
1 ,486
5,082
2,015
8,711
3,776
7 ,8 1 0
3,551
7,271 11,0 34
3 ,381 4 ,4 0 6
As regards the business on the Stock Exchange, the
stock sales [in February 1896 were 5,203,098 shares
Week Ending March 6,1896.
Into
Banks.
Out of
Banks.
Banks’ interior movement,as above
Sub-Treasury o p e ra tio n s........
16.463.000
21.200.000
Net Change in
Bank Holdings.
$4,100,000 Gaiu.$l,30S,OOO
23,700,000 LOSS. 2,600,000
Total gold and legal tenders...... $26,663,000 $27,800,000 Loss. 1,137,000
The following table indicates the amount of bullion
in the principal European banks this week and at the
corresponding date last last year.
Ma-ch 5,1896.
Bank of
am .
Silver.
£
£
E ngla n d ...... 43,957,140
78,071,222 49,809,771
Germany ..... 33,129.600 14,198,400
Aust.-Htmg’y 25,4.2,000 13.632.000
8.004.000 10.470.000
N etherlands. 2.808.000 6,901,000
2,524,667 1,262,333
Nat. Belgium.
Ma^ch 7,1895.
Total.
£
48,957,149
127,880,993
47.328.000
38.114.000
18.474.000
9.707.000
3.787.000
a i%
.
Silver.
Total.
£
£
£
87,186,830
37,183,830
85.030.000 49.647.0 0 135,483,000
38.613.000 15.772.000 54.385.000
17.819.000 13.814.000 31.693.000
8,004,00c L1,900,000 19.904.000
4,426,000 0,993,000 11.419.000
3,406,667 1,703,333 5,110,000
Tot.this week 108,914.088 85,333,504 204,248,142 195,421,497 99,759,333 295,180.830
T ot. orev. w’k 109,567,158 05,467,791 295,034,953 191,434,603 100074000 294,508,603
N o t e .—W o r e c e iv e th e lo r e g o in g results w e e k ly h y c a b le , a n d w h ile
n o t all o f th e d a te g iv e n a t th e h e a d o£ th e co lu m n , t h e y a re th e r e
turns issu ed n ea rest to th a t d a te —th a t is, th e la te s t r e p o rte d fig u re s.
MxaCH 7, 1898.]
THE CHRONICLE
435
January to 813,906,000 in February is also in part
traceable to the same influence. These statements do
not permit us to doubt that with the country’ s indus
There are several features of the monthly Government
reports which will attract attention— a chief one is the tries in a normal state the revenue laws will show
restored gold reserve; another is the large cash bal greater productiveness. Our usual monthly com pila
ance, and another is the increased revenue which the tion of the Government’s receipts and disbursements
returns show. This last feature has for the moment will be found to day in our Commercial and Miscella
most interest. According to the daily reports Feb neous News department.
Of course we cannot be certain with reference to the
ruary appeared to have been distinguished as the third
month of the current fiscal year when the revenue re degree of business activity which will prevail as the
ceipta were in excess of the disbursements. Septem spring opens. If we could be assured of a return of
ber was the first and December was the second. A n full prosperity there would be no question as to the
other similar record for the month just closed would sufficiency of the revenue in the future. The facts al
o f course have a tendency to encourage the hope ready disclosed prove that. Existing conditions no
that the revenue would hereafter prove sufficient to doubt also favor a very considerable revival of industrial
meet the Government outgoes. The fact was especially enterprise in the near future, but there have been so
noteworthy on that account. We find, however, that the many disappointments recently when affairs really
income figures for both January and February have looktd promising that one grows cautious in expressing
been materially revised since the last month closed such anticipations. Even the past week two events
The effect of the changes has bsen to turn February’ s have come in to interrupt the growth o f confidence.
supposed surplus of 8127,840 42 into a deficit of 8690,- The Baltimore & Ohio receivership considered in its
728 03, but to add at the game time nearly 2 million least unfavorable aspect is an unfortunate occurrence.
dollars to the January recaipts. As a consequence the T o be sure there have been no fraudulent developments;
net deficit for the eight moDths o f the fiscal year end a lack of conservative financing and the carrying in the
ing with March 1 has been reduced, so that now it is compauy’s accounts as assets current advances
only 817,516,857 32, instead of being 818,688,377 49, made to dependent companies (as so many manage
as it appeared a month ago.
ments do) are, as we write, believed to be the worst
These changes in the official revenue statements con that can be said in explanation of the failure— practices
sequently leave the general result on the first o f March that possibly might not have ended in disaster if it
the same in effect as if February had shown a surplus had not been for the phenomenal industrial situation
o f 81,169,520 17. Or perhaps the future outlook will which has prevailed the last three years. Bnt what
he better understood if we put the case in the form we ever be the explanation, another receivership, and that,
presented it on the 4th of January. We then showed too, involving a large trunk line system, was a disap
that an average of 29$ million dollars of revenue a month pointing development. The other untoward event seems
during the six months beginning with January would to have been unnecessary; we refer to a fresh illustration
not only afford all the revenue needed to meet the dis of the dramatic and undignified way the authori
bnrsements for those months, bnt also accumulate ties at Washington have o f conducting State affairs
83.000. 000 of surplus on the first of July, when the fiscal the current season. It appears as if the method of
year closed, with which to lessen the deficit o f the earlier acting about Cuba was designed to be just as conspicu
months. Tne present revision m ikes the revenue in ously offensive to Spain and just as disturbing to busi
January 831,375,000 and in February 827,051,000, ness ss the occasion could be made. At all events, it
showing that the average for the two months has been give a peroeptible shock to industrial affairs, an im
829.213.000. That, under the circumstances, is a prom pression likely to pass off if the action taken turns
ising average; for before one cao use these results as a out, as now seems possible, not to have any signifi
oorrect forecast of future revenue several peculiarities cance— only a demonstration for political effect.
in the conditions last month adverse to a full m ovi
Two facts these Treasury monthly exhibits show
ment must bs recalled. In the first place February which ought to tend to inspire confidence and conse
was a short month, two days shorter than January, quently to increase business enterprise and so enlarge
This is an important circumstance in lessening the re the Treasury income are a large Government gold re
ceipts while not materially changing the disbursements. serve and a large cash balance. The net cash balance
Indeed the disbursements in February were larger than reported March 1 was 8262,707,007, and the net gold
either in December or September, the two months of 8123,962,979. Net gold holdings have not reached
the current fiscal year in which a surplus revenue has the figures they now do since 1892, and no such cash
been recorded.
balance has been reported since 1899. Should this
Another circumstance that has proved adverse to a bond sale bring up the net gold holdings to even 130
large revenue in either January or February has been million dollars (and it is presumed that it will exceed
the decreased and decreasing activity in business. that figure), we should have to go back to November
General trade has been more quiet in February than in 1891 to find its eqnal. These conditions added to the
any previous month o f the fiscal year. That is the more promising state o f the Government revenue afford
common report in all departments, and bank clearings a good basis for a hopeful view o f affairs during
are also proof o f it. As such a condition tends to coming months.
contract more especially internal revenue receipts, a id
Perhaps we ought to qualify the expression that it
in a measure to discourage imports, the surroundings is “ presumed ” the gold holdings will in the end ex
were not at all favorable for a large Government in ceed 130 million dollars, for at the moment that is not
come. Internal revenue receipts in January were only certain. There are, to be sure, about 12 million dol
811.178.000 and in February only 810,807,000, against lars yet to be paid, much more than sufficient to bring
813.764.000 in October, or an average of 812,814,000 the total above the figure mentioned. Besides, these
for the first six months of the current fiscal year. payments are to come chiefly from purchasers of the
The falling off of Customs duties from 817,375,000 in bonds| who were expected to obtain their gold from
TREASURY INCOME AND OUTLOOK.
436
[VOL. IiXH .
THE CHRONICLE.
“ old-stockings.” Stil lthe experience of the last few
weeks compels us to add that there probably is in the
United States but one and only one “ old-stocking ”
out of which gold can be drawn, and that is the New
York Sub-Treasury.
Below we give our usual table of Government cash
holdings on the 1st of March and on three previous
monthly dates. These are the figures we have referred
to in the above romarks, except the receipts and dis
bursements, which, as already stated, will be found in
the Commercial and Miscellaneous News Department:
DfC 1, '05. Jan. 1. '08. F eb.h’S S M e?l.l,'99.
X.
H Minot in Sub-TYtaturia—
S
t
*
*
Net BOW coin and bullion......... 1P.33S.W
18 03.232.28P 16,845,607 123,062.979
Net sllrer coin and bullion........ 13,693.18! 11,818,306 23,296,133 23,1.9,761
Net U. S. Treasury notes........... 24.322,068 22.044.611 27.103,096 30,641,730
Net leital tender notes................ 66,833,619 Sl.220,113 72,010.176 73.397,113
Net national bank notes. ......... 6,391,146
7,063,137 10,109,650 8,630,538
Not fractional sliver.................... 13,032,387 12.764.321
11,186,787 11,820,186
Total cash In 8ub-Treas-s.net.20e.607.7E8 204,202,687 196.851,628 271,635,927
Amount In natlonalbanks......... 14,408,309 14,271,280 11,803,803 21,394,557
Cash In banks * sub-treas..217,016.067 218,473,967 210.655,131 299.030,181
Deduct other liabilities* net... 30,609,680 40,416,766 39,063,653 36,323.177
A ctu a l cash balance...........177,106,387 178,027,201 171,591,778 262,707.007
•“ Cbl®flT<il8bmrtlnK officers’ balances.”
RAILROAD PROSPERITY AND BUSINESS
ACTIVITY.
W e have often had occasion to direct attention to
the close connection existing between the prosperity
of the railroad-carrying interest, the greatest of all our
industries, and the activity and prosperity of general
trade. In few instances, however, do we have the
data for showing in such a clear and unmistakable
way, as in the case of the Pennsylvania Railroad, the
prominent part played by the railroads through their
yearly outlays in stimulating or retarding trade activ
ity, and also the notable extent to which these outlays
are varied from year to year— contracting when rev
enues fall off and conditions become unfavorable, and
expanding almost immediately when revenues com
mence to improve and the outlook begins to brighten.
W f review in a subsequent article the Pennsylvania
Railroad report for the late calendar year and
show what a great recovery there has been in the rev
enues of that system after the falling off in 1894, the
gain in gross earnings reaching 12£ million dollars.
Of this gain nearly 8 million dollars was p lid out in
enlarged expenses, the money thus going to furnish in
creased employment to labor and to add to the orders
for all the various tliiogs which a railroad requires in
its operation and development. Whether employed
in the one way or the other such additional expendi
tures constitute a great vitalizing force, operating to
promote trade activity and expansion. B at these are
simply the expenditures in the ordinary way. There
is another class of outlays usually ignored in discus
sions of this kind, but which play an equally im
portant part in affecting general business and which
are even more sensitive to the varying phases of the
railroad situation, being reduced at once when the rev
enues fall off or the outlook begins to wear an unfavor
able aspect.
We refer to the expenditures on capital account,
such as the purchase of new equipment, the providing
of additional facilities, extensions, &c. As it happens,
these expenditures on the Pennsylvania are unusually
large and free when circumstances warrant it, and
correspondingly small and restricted when there is call
for economy and retrenchment. Daring the last two
years there has been no inducement in the conditions
and outlook for railroad property to make extensive
outlays of this description, but almost every induce
ment not to make them. The effect, as we showed
twelve months ago, on the amount and extent
of these new capital expenditures has been most
marked.
From having spent close to 10 m il
lion dollars on the lines east of Pittsburg and
Erie in 1892 and 1893, the amount dropped in
1891 to only 2$ million dollars; and on the lines west
of Pittsburg and Erie the sum was reduced from
7 million dollars in 1892 to
million dollars in 1893,
and to only a little over half a million in 1894. No
car trusts were issued at all iu either 1894 or 1893,
while in 1892 the issue had been over four million dol
lars. The result was that aggregate new capital ex
penditures in 1894 reached only a little over three
million dollars, as against fourteen million dollars in
1893 and over twenty-one million dollars in 1892.
Nothing could show more strikingly than the figures
ci ed the great curtailment iu the outlays of the com
pany caused by the severe trials to which the railroad
industry was subj cted. Nor is it necessary to dilate
upon the part played by this contraction of over
eighteen million dollars in the yearly capital outlays of
one large system iu intens;fying and prolonging the gen
eral depression in trade. Had the Pennsylvania been
able to spend with the same freedom in 1894 as in 1892,
and had other roads been able to do the same thing,
how different the situation would have been. It fol
lows that to make the revival in trade full and com
plete, and restore the activity prevailing prior to 1893,
the railroads must bs placed in position to approximate
the old scale of expenditures again.
As to the disbursements in the late year, revenues
improved considerably and the road was quite liberal
in its ordinary expenditures. But the outlook was
not sufficiently clear to warrant new capital outlays on
an extepsive scale, and hence the amount of such o u t
lays was not increased very largely. No new car trusts
were issued in that year any more than in 1894 and in
1893, and the other outlays amounted to a little over
4^ million dollars, against 3 million dollars in 1894.
Here is a record of the capital outlays for the last fouryears.
N E W C A P IT A L E X P E N D IT U R E S.
/------ Construction, equipment, etc.------ 1
Car
Eastern
Western
trusts
lines.
lines.
Total
issued.
1895..$2,544,600 $2,f*53,658 $1,598,258
nil.
1894.. 2,390,373
631,770
3.022,113
nil.
1893.. 9,664,331
4,523,048 14,187.379
nil.
1892.. 9,969,480
7,001,941 16,971,121 $4,187,000
Grand
total.
$4,59*,258
3,022,145
14,137,379”
21,158,421
The difference between the 84,598,258 spent in 1895
and the 821,158,421 spent in 1892 shows the margin
there is for further additions (for in a normal state of
business such expenditures on a system like the Penn
sylvania Riilroad are necessarily very large) with a
continuation of improvement in railroad affairs. In
other words, it shows how desirable it is to restore full
confidence and prosperity in the railroad world, in
order that the roads may proceed with the work of de
veloping their properties in accordance with their
legitimate needs.
In these circumstances it is certainly a significant,
fact that the disposition again exists to increase these
outlays. For instance the managers of the Pennsyl
vania Railroad in their report take occasion to say that
at the close of the year the Board deemed it advisable,
to place under contract several extensive improvementson the main line. These i improvements we are told%
will require an outlay of nearly 82,000,000, and will be
actively prosecuted during the present year, provided
such a course, it is added, shall be “ warranted by thet
Mabch 7, 1896.]
THE CHRONICLE.
general condition of the manufacturing and commercial
interests.” The report also states that the retar ing
prosperity of the industries of the country haring
made advisable an increase in the equipment of the
road, con tra ct have been entered into for the construc
tion o f about eight thousand cars for the system.
Thus the prospect is for considerably enlarged capital
outlays again, unless the railroad industry shall receive
another set-back.
As bearing on this tendency to larger outlays, the
improvement in the revenues of the roads which is in
progress is an encouraging 3igu. Such improvement
it is well to remember operates in a two-fold way t
stimulate trade activity, first by the Larger expenditures
resultirg from the increased transportation work and
secondly in leading to larger outlays on capital account
On the Pennsylvania, as we have seen, the addition to
ordinary expenses in the late year was over 7 } million
dollars. If we add the increase in the new capital
outlays, we get a total increase of over 9$- million
dollars. In the following table we show the disburse
meets c f the Pennsylvania Railroad under the three
main heads— that is, the ordinary operating expenses,
the new capital outlays, and the extraordinary expendi
tures, a3 well as the total of the three.
437
uuttue, toe posuioa of cae Pennsylvania as regards
location and traffic is such that it felt some of
these influences with especial force. The Pennsyl
vania is not known as a distinctively coal road, ye t it
carries more coal than any other road in the country.
But, as we all know, the coal traffic in 1894 was heav
ily reduced, first by the great industrial depression pre
vailing, which necessarily curtailed the demand for
coal, and secondly by the great strike in the bituminous
coal regions, which lasted from April to June. Again,
the Pennsylvania is largely dependent upou the condi
tion of the iron and steel trades, a3 it runs through the
heart of the troa and sted districts. Bat, as is abo
known, these traLes in 1891 were depressed beyond all
others.
In 1895 all this was changed. Oar industries stead
ily improved after the Syndicate contract in February
— at first slowly, subsequently with greater rapidity.
Under this improvement ia trade the demand for
coal was %gain greatly augmented, and at the same
time the supply was not curtailed by a strike, as in
1894. Then, too, the iron a i l steel trades were buoy
ant beyond all others in 1895 just as they bad been
especially depressed in 1894. Thus thsre ware goo 1
reasons for expecting a material recovery in revenues
' Bictraord'y
Operoiintj
' S'tic
Or,m. I fatal after the loss ia 1891. Nevertheless the extant of the re
'Ip -n u t i l u m .
erpttutr.
ta p itel ouiimjt, o fd ia fa t^ tt.
1895........... . « 1.337,2 W
* 9 2 ,3 5 9 ,3 * 7
S 1 .5 9 3 .3 3 S
* 9 8 ,7 8 1 .7 9 5 covery is asurpnse. For it mast bo remembered that in
1804.............. 1,33.5,371
* 5 .0 3 1 .2 1 3
8 ,0 3 2 .1 4 3
8 9 ,4 3 8 ,8 2 7 spite of the great change for tho bitter v iic h ocourrad
J883.............. 3.103.910
8 8 ,3 3 9 .3 0 1
1 4 .1 * 7 .3 7 9
1 1 4 .3 8 9 ,3 5 0
1802...........
1,283,136 ‘ 1 0 1 .2 3 2 .7 8 3
2 1.1 5S .4 2 1
1 2 3 ,6 7 1 ,3 4 0 in the trade situation, norrml business conditions by no
In r n * we (lave mule an #Uo«r»ne,* fef tile •Spanme* o f fhs means prevailed— by which we mean that business
t e m n m t m A hultaanpoMi s o d the T olodo P*>rt* * W « « » r n , bow
in all lines of manufacturing did not attain fall activ
mlmletl la the reouiu.tat whlah were not ittoUutod la 199J.
Moreover the road m cassirily suffered with
From 123? million dollars in 189$ the disbursements ity.
under these three heads dropped to 89* million dollars others from tin short grain crap of thftlp-evious vear,
in 1894, and from this there was a rise in 1895 to 93| which at once reduce l the volume of the grain traffic
million dollars. The important fact in the comparison and diminished tlis purchasiug capacity of large sec
is that notwithstanding the recovery in 1895 the tions of the Wistorn population. Of course tha P e n n
total for that year still fell 25 million dollars short sylvania would not bo directly affected by this circu m
of that for 1892.
With the increase in earnings stance to the sung extent as the reals further west
which ia now going on, ordinary operating ex and situated in the afflicted districts, and yet it was an
penses the current year are likewise increasing, adverse factor of considerable moment to it.
The best means of showing thg increaso in revenue
and at the same time, as we have seen, it is likely that
the new capital disbursements will be increased, so which occurred during 1895, as well as the decrease in
that altogether the indications point to a considerable 1894, is to 6tke the results f or th o entire system— that is,
expansion in 1898 in the grand aggregate of the dis all lines owned, controlled and operated both east and
bursements. And what is true o f the Pennsylvania ia we* t of Pittsburg and Erie. Treated in tin t way we
true algo of other roads, for the Pennsylvania is simply find aggregate grass revenues in 1895 reported at
typical o f the railroad system of the country. The *132,720,812, against $120,137,054 in 1394. Ilere,
effect most he to lead to a still fnrther expansion in then, we have an augmentation in receipts of over 12*
trade activity. As activity in trade is to the interest million dollars, or in excess of 10 per cant. How
the pre
o f every one, we need hardly urge that it is very im this gain compares with the loss in
vious year we cannot state in exaot figures, because
portant that nothing be done to give the railroad inter
est a set-back, lest it react to the detriment of gen on ] the basis of reporting the figares has been changed.
business.
In the first plica thg Cleveland & Marietta and some
other small roads are now include 1, and the results for
1894 have been altered to correspond to this change,
TH E P S W m Y L V A 1
VIA R A I L R O A D R E P ORT, and in the second place the total now embraces only
The report of the Pennsylvania Railroad for the cal earnings from traffic (not income other than from
endar year 1895 serves to illustrate the wonderful recu traffic), and in this particular to> the 1894 results
perative power possessed by this great property. The have been altered to conform to tliose for 1895. Our
report for 1894 had indicated what the company was able guide to the loss in 1894 therefore must ba the figares
to do in a year of extraordinarily adverss conditions, given in (ho 1894 report on the old basis. On this
and the result was in every way satisfactory, though basis gross revenues were stated at 1122,003,000 for
necessarily the shrinkage in revenues was very large. 1894 and at $138,529,570 for 1893, a decrease of 16*
The exhibit for 1895 is noteworthy in showing how con million dollars. We may say therefore that there was
siderable a portion of the 1894 loss has been recovered, a gain of 12* million dollars in 1895 after a falling off
and also in showing how quickly recovery succeeds in 1894 of 16* million dollars.
depression under an improvement in conditions.
This i3 a noteworthy ratio of recovery. We may
While in 1894 all the roads ia the country had to contrast it with the ratio of recovery for the railroad
contend with depressing i jflaeiees of unparalleled mag- system of the whole country. Ia a subsgqueat article to-
THE CHRONICLE.
4:38
day we give a statement,in completion of our tabulations
last week, to show the earniDgs of United States railroads
for 1895 and 1894. By reference to this statement it
will be seen that we reach the conclusion that earnings
for the late year increased about 75 million dollars,
as against a decrease in 1894 of $150,000,000.
In other words the recovery in 1895 was just about
equal to one-half the 1894 loss. But in the Pennsyl
vania case the recovery at 124 million dollars is equal
to fully three-fourths of the 1894 loss. Moreover, with
the gain for all the roads 75 million dollars, the in
crease of 12$ million dollars on the Pennsylvania forms
one-sixth of the whole. In 1894 the Pennsylvania’ s
loss at 16J million dollars was only about one ninth
that of the whole country at 150 million dollars.
Thus the Pennsylvania has done relatively better
than the rest of the United States system of roads,
which is an important fact, showing the strength of
the system and also, as said at the outset, its marvel
ous recuperative power. Nearly 8 million dollars of
the system’ s 124 million dollars improvement in reve
nues went t o pay for increased expenses, leaving a gain
in its net earnings of about 4$ million dollars. The
following interesting table gives the gross and net
earnings for the last eight years. In using these
figures it should not be forgotten that for the last two
years the basis is different from the other years, as
explained above.
A L L LINKS O W N E D O R CO N T R O L L E D EAST AN D W E S T OE P IT T S B U R G AN D
E R IE .
G ross E a rm n g s .
1895..................................... $132,720,312
1894.................................... 120,137,054
18 93................................... 138,529,570
1 8 9 2 ................................... 139,133,660
1 8 9 1 ................................... 134,254,612
1 8 9 0 ................................... 133,521,623
1 8 8 9 ................................... 122,917,337
1 8 8 8 ................................... 116,509,292
Expenses. Net Earnings.
$92,859,287
$39,861,525
85,031,213
35,105,841
98.239,361
40.290,209
98,452,783
40,630,877
91,819,660
42,434,952
92,003,365
41,518,258
83,811,128
39,106,209
80,737,335
35,771,957
N o t e —Prior to 1894 Income other than from traffic was Included in
the results: operations o f Cleveland & Marietta are not inoluded p re
vious to 1894, nor th )se o f the Toledo Peoria & Western and Terre
Haute & Indianapolis previous to 1893.
The significant fact disclosed by the foregoing is
that notwithstanding the recovery in the late year,
the 1895 total of the gross is smaller than in most other
recent years— smaller not only than in 1893 but
smaller also than in 1892, in 1891 and in 1890. As
income other than from traffic is now omitted, it is
presumable that this makes a difference against 1895
of some two million dollars. But even with this two
million dollars added the 1895 total would be only a
little above the totals for 1891 and 1890 and much
below those for 1893 and 1892, and moreover we should
judge that the earnings for 1895, for 1894 and for 1893
had been increased, roughly, three million dollars a year
by the inclusion of roads previously omitted. The loss
compared with the earlier years is the more noteworthy,
as the volume of traffic in 1895 was larger than in
either of those years. That statement is not true as
to the passenger traffic, where the effects of the
depression in trade are still visible, but it is very
emphatically true as to the freight traffic. Speaking
of the lines west of Pittsburg and Erie the report says
the tonnage and mileage were greater than for any
previous year in their history. The remark will apply
without qualification to the tonnage and mi'eage of the
whole system. For we find that as against 160,410,144
tons in 1895, the freight traffic in 1894 was 121,379,852
tons, in 1893 138,990,687 tons, in 1892 142,162,740
tons, in 1891 129,992,599 tons and in 1890 137,416,985
tons; while in the tonnage movement one mile the
number in 1895 at 14,395 millions, compares with 12,-
[VOL. L X 1I.
162 million tons in 1894, 12,969 million tons in 1893,
13,466 millions in 1892, 12,285 millions in 1891 and
12,653 millions in 1890— making it evident that the
1895 traffic was decidedly the heaviest ever reached,
though as we have seen the conditions were not all
favorable.
The reader will have no difficulty in surmising why
the earnings do not tell the same story of growth as
the traffic does. The reason is found in the constant
decline in rates. TVe have not the figures for the sys
tem as a whole, but for the lines directly operated east
of Pittsburg and Erie the results in this particular are
very striking. There was on these lines a further
decline in the average received for each leading division
(that is, the Pennsylvania Railroad division, the U nited
New Jersey division and the Philadelphia & E n e
division), bringing the average for the whole three
down to only 5 ’63 mills per ton mile, against 5*85 mills
in 1894, and making it the very lowest on record.
This decline in rates toward a constantly lower depth
shows what a serious factor the roads have to contend
against in that particular. As a matter of fact, the
rate situation in 1895, as we know, was particularly
unsatisfactory, threatening if continued to involve all
the roads in ruin; and the formation of the Join t
Traffic Association towards the close of the year, to
which brief allusion is made in the report, was simply
an effort to bring about an improvement in that
respect.
In face of the further drop in rates the Pennsylva
nia is able to present an exceedingly satisfactory in
come exhibit, which, however, merely attests the
strength of its position and the careful, conservative
policy pursued in its management. I f in the years of
exceptional prosperity the managers had distributed all
their yearly profits in dividends to the shareholders, as
they were so persistently urged to do, instead of using
each year a portion of these profits to strengthen and
improve the property, thus preparing for the adverse
conditions that have since developed— if this erroneous
policy had been pursued, it is easy to see that the situ
ation of the property to-day would be vastly different
from what we find it.
The company could not
in that event have pissed so creditably through
the recent period of depression; it could not
have paid 5 per cent dividends in such a year
as 1894, and it would not Sod it possible to move
traffic profitably at the existing unprecedentedly low
rates. N o doubt, now that the trade outlook has so
greatly improved, and that the prospect seems good for
some years of prosperity, hence insuring large revenues
to the roads, the Pennsylvania managers will again ere
long be urged to depart from their old-time policy, and
asked to give shareholders all the yearly profits.
But such pleas should be strenuously resisted, just as
they have been in the past. In good years the Penn
sylvania can unquestionably pay an additional one or
two per cent; but as for going beyond that and distrib
uting all the property may earn— such a course would
be sure to invite disaster in the end.
All the company s exoenditures for improvements to
the line between New York and Pittsburg are charged
against income, and following the custom of other
years the company also charged against income in 1895
$1,327,250 for extraordinary expenditures, represent
ing amounts expended in revising grades and align
ment, elevating tracks to avoid grade crossings, and
other extraordinary expenditures. After deducting
this amount and also all expenses and fixed charges,
M arch 7, 1896.]
THE CHRONICLE.
439
ana likewise payments into sinking funds aud on ac issues of bonds by the controlled companies. The bal
count of the guaranty of interest on Allegheny Valley ance sheet shows that on December 31 the company
bonds, there remained a balance o f $8,63-1,470 on the htld nearly fifteen million dollars of cash for various
operations of the twelve months. The company paid purposes— $14,786,989; and ako held $12,559,678 of
cash dividends of five per cent out o f the year’s earn other current assets, making $27,346,667 together.
ings, calling for $6,465,011, and this left $3,169,459, There is no floating debt in the shape of loans or hills
equal to about I f per cent more on the $1*29,301,550 payable; the ordinary current liabilities are reported
of stock outstanding. As against this remainder, at $*21,768,776, this including $9,374,748 due to con
however, the company charged off $1,771,621— trolled companies other than traffic balances, $2,095,#945,084 being for redaction in the value of securities 307 due Allegheny Valley Railway for redemption of
and sundry accounts and #8*28,537 for interest a c its 7*3 per cent bonds, #6,233,450 for pay-rolls and
crued on funded debt but not matured np to January vouchers. $1,637,277 for interest accrued, and various
1, 1896 (less amount doe on investments at the same other items.
date), it not having been the custom heretofore in
stating the accounts to take this accrued interest or
RAILROAD GROSS EA R NINOS I N 1895.
the credits against it into consideration. Deducting
As we get fuller and more complete returns of the
the $1,771,621, the actual remainder for the year has earnings o f United States railroads for the late calen
been $397,838, which ha3 been carried to the credit of dar year, the improvement in earnings is seen to in
profit and loss, increasing the same from $*23,155,632 crease strtadUy, and to reach much larger aggregates
to #23,553,470.
than had been supposed likely. We gave last week a
In commenting on this favorable result the manage statement comprehending all the roads which have fur
ment say that “ in view of the fact that the low rates nished returns of both gross and net. This statement
prevailing on both passenger and freight traffic for showed a gain in gross receipts on these roads of 611the {M few years continued during 1895 it would ap million dollars. Starting with that total of the gross,
ist
pear that under any reasonable conditions your property we now aid all the roads which have made reports of
will make fair returns to its shareholders.”
This is a gross but not of net. In this way we get returns of
moderate statement, and there will be no dissent gross covering altogether 161,239 miles of road, with
from it. We may say, too, that the showing is really a grand aggregate of gross earnings for 1895 of $1,more favorable than appears by the face of the returns. 129,717,384. By this later statement the increase in
For instance, it does not take cognizance o f the great gross revenues is raised to nearly 67 million dollars—
improvement in the results on the Western lines— the $66,928,505. The following is the completed tabula
lines west of Pittsburg and Erie. According to the tion :
figures in the report these lines netted a profit in 1895
Q B O S * B A R X tX O S V O B C A B R S O A R T E A R S .
of #1,987,866, as against a loss in 1894 of #27,578, a
1895.
1891.
Tnertate.
Decrease.
difference in favor o f 1895 of over two million dollars.
S
The operations of these lines are embraced in two main P re rlo u id y re p o rte r 1 ,0 2 0,07 4 ,7 5 2 9 5 8 ,3 3 4 ,0 6 4 6 1,7 4 0 ,6 8 8
A d d it 'M f o r road*
companies controlled by the Pennsylvania Railroad,
la e l'il f o r o n ly 11
0 8 9 ,1 9 0
0 47 ,19 1
2 1 ,9 9 9
m o». w h ich h i re
namely the Pennsylvania Company and the Pittsburg
b o w re o. f o r D e e
A la b a m a (H . S o o th .
123,821
1 ,7 9 5 ,2 8 0
1,619,181
Cincinnati Chicago k St. Louis Railway; and the only Ctalo, a E. Illlnotn
437,421
3 ,4 2 4 ,3 4 0
3 ,801,761
f hle.
CH
4 ,0 5 8 ,0 -3
3 04 ,99 2
3 ,0 5 8 ,0 11
way in which the profits from those companies can ap |C bte. A ro . AW e -tLn..
P
St. . .
8 2 4 ,8 4 !
9 2 8 .3 2 9
1 0 3 ,4 8 8
r u le
I.
1 8 .3 3 3 ,8 5 6
9 8 0 ,0 3 1
pear in the income statement of the Pennsylvania Rail CIO. Nft. .A A ePar . . • 1 5 ,3 33 ,8 2 5
O
T r .P
1,1 3 2,23 2
.V. O. A X e a . f n 1,3 5 6.20 6
223,974
road is as dividends on its holdings of stocks in the
A la. A VIcktth'K*
5 3 8 ,7 2 3
5 4 1 ,0 6 3
2.3G0
V i c * . S h e * Par.*
5 2 0 ,40 8
32.912
5 8 8 ,8 2 0
two properties.
C olu sa A L a k e ........
18,920
21.6 59
2 ,7 3 9
3 80,264
55.461
3 2 4 .9 0 3
An examination of the detailed statement of the D eaM oiaea.V W est.
E v a n s r. * I n d ia n ..
283 ,32 6 .
2,511
2 85 ,81 5
1 10,772;
7,014
1 03 .75 8
income from investments received by the Pennsyl E v a n t r . A Rlcbrn't!
1,107,010
E v in»T . A T . H aute
58,4 48
1,0 4 8,56 2
7 7 0 ,70 8 j
vania shows no return dating 1895 on the stock Q ». C arolin a A N o.
7 1 2 ,1 6 0
5 8 ,5 4 0
O re.it N orthern—
holdings of either one o f these properties. The Pitts
St. P. M inn. A K .
14,8 00 ,3 2 3
1 2,3 46 .8 7 7 2 ,5 4 3 .4 5 1
E ast'll o f M in n ...
1,0 7 5,38 2
1 ,3 0 8.50 5
3 6 6 ,8 7 7
burg Cincinnati Chicago k St. Louis, we know, did
M on tana C e n tra l
1 ,5 1 1,08 9
1,560,876
49,007
H um es. A S h e o a n ..
107.4001
113,325
6 ,9 2 5
make a dividend of 2 per cent on its preferred shares In tii’ l A 0 1. N orth 'o
3 ,9 1 3,93 3 :
3 ,7 9 0 ,3 6 8
'2 3 ,5 7 0
luteroei-AnlQiM t-x.j
2 ,2 1 6 .4 9 2
1 2 0 ,6 2 4
2 ,3 3 7 ,1 1 0
(of which the Pennsylvania Railroad holds #2,466,400), K. v . P itta A G o lf .
5 2 7 ,6 9 2
419.531
1 0 8 ,1 6 i
B e lt ...
276 ,74 9
2 7 ,8 4 0
2 4 8 .90 3
bat as the payment did not come till January 1896, it K osC. Sub.le*s T ettn 'l
E
A n ge
145,420,
1 8 2 ,39 6
3 0 ,9 7 6
M ex ica n R a ilw a y ..
3 ,1 7 6 ,9 7 0
3 ,120,731
5 6 ,2 3 9
does not appear in the 1895 accounts. The Pennsyl .M exican S outhern,
2 ,204
4 8 0 ,4 5 9
4 8 2 .0 8 3
Mo.
A T ex
1 1,000,135
5 5 7 ,54 0
1 0 ,5 0 2 .5 8 9
vania Company, the whole of wfiose $21,000,000 stock M o. K an ific ........a s.
Pac
2 2,7 1 1 ,6 1 2
9 1 0 ,9 6 0
2 1 ,8 0 0 ,0 4 6
C entral B ra n ch
829 .59 9
1 0 2 ,88 9
7 3 1 ,9 8 8
the Pennsylvania Railroad holds, hsa not, we presume, M obil© A Rlr in'ith'tn
2 9 5 .0 9 0
598
2 9 4 ,0 9 2
M on terey A M e x . G
1.211.4 41
112.068
1 ,0 9 9 ,3 7 8
declared any dividend yet, but ss that company made N ew London A S o .
0 1 1 ,77 6
6 5 0 .29 6
3 8,5 20
29,0 16
1 ,0 4 2
30,0 58
net profits o f 2919,264 in 1895, against a loss of O c o n c - A W estern .
P itts. S h e o , A L E .
619.551
4 72 ,99 9
140,552
St. L . A K e n South.
45,4 82
13,533
3 1 ,9 2 9
#728,040 in 1894, it is easy to see how great the differ,
St. P aul A D u lu th ..
114.741
1 ,6 5 6 ,9 2 7
1 ,4 4 2,18 6
once between the two years has been, and what an S her. SU rer. A S o ..
3 5 5 ,3 3 6
3 3 7 ,8 0 7
17,529
T e x a s A Paetiio .
7 ,0 1 5 ,3 0 7
8 3 " ,7 0 0
7 ,3 5 3 ,0 1 3
important addition to the Pennsylvania Railroad’s T ex .S a b .V .& N 'W st,
47,0 95
40,905
0 ,1 9 0
T u i.A .A r A S ’ w est.
21.534
1,081,701
1 ,1 0 6,23 5
income a dividend of 4 or 5 per cent on that company’ s T o l s t . I., * K a n . c
1,646,687
1 ,664,663
2 17 ,97 6
stock would be.
T o t a l (249 rorid*). l , 1 2 9 ,7 1 7 ,3 8 4 '1 ,0 8 2 ,7 -t8,8 7 9 6 0,9 28 ,5 0 5
The report refers to the issue of £1,000,000 (equal
to 24,850,000) of 3| per cent consolidated mortgage
sterling bonds and notes as gratifying evidence
of the high credit enjoyed by the Pennsylvania
Railroad that it was able to place these bonds at a
lower rate of interest than that borne by any security
which the company has heretofore offered in the mar
ket. The report aLo refers to the placing of certain
M iles o f Pd D ee, 31
161,239!
159.8121
1,427
• Fourth week o f December missing.
A few of the roads in the foregoing lie in Mexico or
Canada. We estimate that if we could have the fig
ures for the entire railroad system o f the country the
increase would approximate 75 million dollars. In a
similar manner last year we found that the loss in 1894
had been 150 million dollars. It thus follows that half
440
THE CHRONICLE.
[YOU. L A lI.
and of its property in this District and appointing in his stead
Edwin H. .McHenry and Frank G. Bigelow as such Receivers,
basing their right to such relief upon the terms ot the order
of the Circuit Justice of this Circuit made at Chambers and
filed in this Court on the tenth day of February, 1896, which
provides as follows:
,.
••It is ORDERED that in respect to the proceedings now
being carried on for the foreclosure of mortgages on the
Northern Pacific Railroad Company, the Circuit Court of the
United States for the Eastern District of Wisconsin be re
garded as the Court of primary administration, and that the
proceedings in this Court will be ancillary in their character
and in aid of the proceedings in the Court of primary
administration, but this Court reserves the right at any
time, upon the application of any person or persons inter
ested, or upon its own motion, to make such orders and
decrees as to it shall seem just for the protection of
the creditors of the Railroad Company residing within its
jurisdiction.” The Northern Pacific Railroad Company ap
pears and opposes the application of the Farmers Loan &
PRLSCte-U. CHAXQBS IS G R O S S KARSISOS FOR 1 2 M O N T H S .
Trust Company to remove the receiver and contends that
In crea ses.
In crea se*.
said order of the Circuit Justice was made in pursuance to
$394,992
Ponnaylvanla <3 rdsjt 1510,514,203 Chic. Gt. Western.......
an agreement between the parties to this suit, whereby
392,375
Phil. A Read and C. A I. 4,600,807 Allegheny Valley . . . .
Peoria A E a ste r n ---385,09 < there was submitted to said Circuit Justice the determina
N. Y. N. H. & H artford 3.029,380
334,048 tion of the question whether or not the Circuit Court o f the
Ot. Northern (3 rda.).. 2,959,335 Maine C en tra l............
356,296
Boston A Maine..........
2,863,533 Bangor A A roostook..
United States for the Eastern District of Wisconsin should
351,836
N.-Y. Central............... 2,511,396 Brooklyn E le v a 'e d ...
339,923 be regarded the Court of primary administration in this suit,
Chic. A North Western 2,439,267 Boston & A lb a n y .......
333,873 and that in the same agreement it was further stipulated
2,350,825 Louisv N. Alb. A Cliio.
Northern Pa< i f l e .......
319,9 U
2,148,869 Buff. Rooh. A PittSb..
Illinois Central..........
301,034 that in case said Court should be so held to be the Court of
Chic. Mil. A St Paul., 2,131,614 N. Y. Susq. A Western
233,770 primary administration, there should be appointed by all
ftouth’n Paciflo (6 rds.) 1,757,324 Rio Grande W estern..
282,46 4 the courts having jurisdiction over the subject matter of the
Balt. A Ohio (2 rds.).. 1,708,596 Ches. Ohio A Southw’ a
247,953 suit four receivers, to wit. The said McHenry and Bigelow,
1,453.165 Nash. Chat. A 8t. Louis
Lake 3h. A Mich'. S o..
244,429
1,233,860 Uu. Pac. Denv. & G ulf
Lehigh Vallevll ..........
227,020 together with said Burleigh and one Gallaway, and said cor
1,143,047 ( ’lev. Lorain A Wheel.
Del L A W. (2 rds.)
22 L463 poration defendant thereupon requests the appointment of
M exican Central........
1,069,340 Mobile A O liio.............
223,974 said four receivers so named by the agreement of the parties
Clev. Cln.Chio. A St. L. 1,023,565 New OrJ. No’easteru
221,957
W abash.......................... 1,026.580 Gr. Rap. A Ind. (ir d s .)
217,976 to the suit.
965,937 To). St. L. A Kan. City.
Mich. C. and Can. S o..
213,99 L
922,250 B. A O. Southwestern.
It is urged on behalf of the Farmers’ Loan & Trust Com
At.Top. A S. Fe (3 rds.)
211,145 pany that the discharge of Burleigh by this Court and the
908,082 Chio. St. P. M. A O m ..
Central of New Jersey
207,036
824,682 West. N. Y. A P en n ...
Pitts. A Luke Erie —
appointment of McHenry and Bigelow in his stead are nec
808,577
Mo. Pacific ..............
essarily involved in the conclusion arrived at in said order
Total (representing
755,502
Burl. C. R A Northern
84 r o a d s)............... $66,919,370 of the Circuit Justice quoted above; we do not so construe
701 .3 9 9
Del. A Hudson (3 rds.)
698,712
N. Y. Chic. A 8c. Louis
the terms or the purport of the order. It declares^ that the
D ecreases.
630,753
New York A New Eng.
$980,031 Court at Milwaukee is the Court of primary administration.
670,658 Chio. R. Isl. A Pdoltic..
Ches. A Ohio ..............
821,327 It follows therefrom that the general order for the manage
655,531 Union Pac. (6 road s)..
Duluth A Iron Range*
678,365
625,455 Norfolk A W estern ....
Southern Railway . . . .
529,622 ment and control of the railroad property shall issue from
557,54« Oregon Impt. Co .......
Mo. Kans. ATt-xas . ..
529,414 that < ourt and the other courts wherein the property of the
5 17, ft 14 Sav." Fla. A Western
Minn. St. P. A 3. S. M
421,032 Railroad Company lies shall be courts of secondary adminis
Denver A Rio Grande
5-H.160 Jack. Tampa A Key W.
395,2 72 tration. It does not follow, however, and it is not implied
510,25'» Fla. Cent A P euin___
Chicago A A lton........
337,706
506,162 Texas A Pacific............
Fitch Durg ...................
249,177 in the order, that the receiver heretofore appointed by this
474 767 Fort Worth A t>. City.
Northern Central.......
239.17L Court must be discharged, or that the receivers appointed
460,478 Kan. C. Ft. S. A Mem..
Plttsb.A West. (3 rds.)
210,751 by the Court of primary administration shall be substituted
446,573 Manhattan Elevated.
Phil. Wil. A Balt.t.......
437,421
Chic A E ist Ills..........
in his place; all the objects to be secured by the order may
Total (representing
418,860
M exican Internat'l*..
16 road s)............... $5,391,8 33 be obtained by the retention of the present receiver.
403,905
Louisv. A N ashville..
Nearly two-thirds of the entire line of the railroad belonging
*F orelov en months. J For year ended October 31. t This covers to the corporation defendant lies within the jurisdiction of
lines directly operated East and West o f Pittsburg and Erie.
the Ninth Circuit, and is now in charge of the receiver ap
I For year ended N ovem ber 30.
I
pointed by this Court. In our ju dgment the proper manage
With reference to the expenses, the statement given ment of this property requires that it be in the hands o f a
receiver resident within this Circuit and amenable to the orlast we< k showed an addition o f 354 million dollars, j ^ers 0f
Court thereof.
We should ju d ge that fo r the whole U n ited States, i The fact that from the second day of October last, when
...
.
.
....
•
. the receiver was appointed, to the present time the property
with an increase o f <o m illion dollars in gross earnm gs, has been harmoniously and advantageously operated under
the augmentation in expensf s must have been about 45 a divided receivership affords proof that the same results
can be attained in the future, and is evidence that no dis
million dollars. It is evident that this last was an im advantage will result from continuing the same method of
portant factor in the recovery and recuperation in administration. The administration of the property by this
Court and by the other courts of the Ninth Circuit will not
business which distinguished the year.
be less ancillary in its character from the fact that the re
ceiver heretofore appointed shall be left in charge o f the
property over which he has heretofore had control. In the
order of the Circuit Justice the power of this Court to do
NORTHERN PACIFIC RECEIVERS.
whatever may be by the Court deemed essential for the pro
On account of its importance, we have secured by tection of the rights of creditors of the corporation residing
within the district for which this Court is held is expressly
telegraphs complete copy of the opinion o f Circuit reserved and it is our opinion that it is necessary in order to
Judge Gilbert and District Judge Hanford, denying secure to_ creditors the right to commence and prosecute ac
tions against the receivers in the courts of this State, or in this
the motion of the Farmers’ Loan & Trust Co. to ap Court, to have for receiver a person who will under all condi
point the same receivers as those appointed by Judge tions submit to the control of this Court, recognizing its power
to appoint and remove. It is a fundamental principle that
Jenkins. We print the opinion in full below. Some the power to appoint in the absence of express restrictions
comments on it will be found in our article on the includes the power to remove incumbents o f an office. The
application now made to this Court to appoint Messrs. Mc
Financial Situation. In our
railroad news col Henry and Bigelow to be receivers should by implication
umns will also be found a digest of the plea filed this admit that the Court may remove them, but the history of
this case proves that the party making the application, on
week in Milwaukee by the Wisconsin Central denying the advice of its Counsel, disputes the power of this Court to
the power of the Northern Pacific to make any mortgages remove from office receivers originally appointed by the
Circuit Court for the Eastern District of Wisconsin, and we
and also a digest o f the plea interposed by the L iv must understand from the application as made that it is
ingston Committee for the second mortgage bondhold assumed that this Court cannot exeroise discretion but is
obliged to name Messrs. McHenry and Bigelow as receivers
ers claiming that their mortgage covers all the prop - for the simple reason that they have been heretofore ap
erty of the company, even that held as security for the pointed by that Court, and if the application should be
granted, we must expect that the appointees named
, col'aleral trust times.
will consider that they are not answerable to this
The Farmers’ Loan & Trust Company has presented its Court for their conduct as its officers, not subject to
application for an order of the Court sotting aside the order be removed for any cause by this Court. W e believe
of this Court heretofore m ile appointing Andrew F. Bur therefore, that the present application cannot b j
leigh the receiver of the Northern Pacific Railroad Company granted without an absolute sacrifice on the part of th ®
this large loss in 18l 4 was recovered in 1895, which is
J
a much better result than it was thought had
been attained before our statements of
this
week and last week appeared.
We have revised
the list of large gains and losses published by
us last week so as to include such of the roads
now
added as
may come within the
limit,
that is, may amount to $200,000 or over. The P enn
sylvania heads the list with a gain of 10^ million dol
lars, which, however, does not cover the whole system,
but only the lines directly operated east and west of
Pittsburg. For the whole system, as shown in another
article, the gain amounts to 12£ million dollars.
THE CHRONICLE.
M arch 7, 1S96,]
Court o f the powers and prerogatives which belong to it
and which are necessary for the protection of the rights of
th e T «ople entitled to invoke its jurisdiction. The rule of
comity does not require o f a Court exercising ancillary
jurisdiction any such abdication of its discretionary powers.
Messrs. M.-Henry and Bigelow, being non-residents and
almost constantly absent, creditors must, to enforce any de
mand against them, seek another forum, for i f this Court
cannot call th e receivers to account for their conduct, it will
be without p ower to compel them to appear in the courts
within th is State in answer to any process.
In vi ew o f past experience we are not willing to appoint
as receivers persons who will not recognize the power of
the Court to control them in the administration o f their
trust. No necessity is perceived for discharging the present
receiver or for making any further order in the premises.
The application of the Complainant will therefore be denied.
W it . B . G il b e r t .
Judge.
I Concur.
C. H. H anford ,
Judge.
___
COTTON CONSUMPTION AND OVERLAND
MOVEMENT TO MARCH 1.
Oar usual monthly statements o f overland move
ment, port receipts, etc., brought down to the close of
February are given belew, and they consequently cover
the first half of the cotton-crop season. Tna market
ing of cotton daring the month has suffered some in
terruption from bad roads, etc., bat not to so great an
extent a? in February of 1895. There has come into
sight during the month 483,475 bales, against 683,062
bales in February of 1893 and 358,497 bales in 1S94.
The aggregate amount of the crop of 1895-96 now
visible is 6,023,042 hales.
441
330,504 bales in 1894. The aggregate for the six
months is of course much below that of either o f the
two preceding years. The exports to foreign ports
have been quite free, the outward movement for the
month this year being 562,069 bales, and exceeding the
shipments for February of either 1895 or 1894, when
the totals were 522,425 biles and 489,715 bales respect
ively. For the season to date the total exports are
1,804,233 bales less than in 1894 95 and exhibit a fall
ing oil of 717,622 bales from 1893-94.
Movement from Receipts Receipts EXPORTS SINCE SEPT. 1, 1895 TO—
Stock *
since
Sept. I* i m , to tim e
Feb. 29,
Sept. 1, Sept, 1 Great
Mar. U
France. Conti
total.
1884. Britain*
nent.
1885,
Sslveston.......... 8*2.897 1,515.941
Vsiasco, 4 c .. .
$4,987
9RS77
Sew Orleans .. lt515.202 2,100,483
slobUe.. . . . . . . . . . I<S,82d 214,415
18,95?
S lo rtd a ............
SI.S89
iaT&mmh. ..,
618,139 625,50.'
Brunswick, 4c. 105,563 140,499
IM rlesto ti......
257,840 s?4.,iei
P ort Royal .Ac.
m > m 191,815
154,818 221,771
Wa-^tRirt’n jtc
71%
ss*
’fo r t o i* . . ... ...
£89.435 394,(81
West p e ta l..
IS7%
433] 232,518
10,151 i 51.972
Nswp'tNewv.Ac
Saw f o r k ___
13,52? 130,178
3o*to* . . . . . .
MM»0
9M7S
4**045 i m j m
Salttnnw#........
87,748
PhlbKlelphlaJkc.
Total 16SS-WS, 4,178,898
337,208
89,590
490.471
54,241
0,414
35,3*0
40,323
27,059
52,813
35,003
20,42*
9,93'
8,384
100,347
164,013
44.807
4,111»
03.011
4,350
252,10?
26,310
.....
1,770
.....
......
.......
......
SS.UO
... .
050
'........
144,565 574,850
80,737
${,677
400.589 1.U3.25S
20,9*7
9,414
222,571 284,306
66,771
£0,151
144,201 lfJ$8S
57,212
4 ,8 *
00,708 128,383
.. .
10,838
.......
164,107
£ 128
46,061
25,550
89.701
9.9.30
8,384
382,683
100.21?
81,038
29.700
83.150
8,4*17
305,773
29,335
78.123
2,882
30,003
8,471
.
33,403
2.150
2,083
187.349
*0,0)0
15,694
9,179
1,574,004
400,750 1.S37.CS8 3,310,602
691.218
0718,245 f.030,880
C44.2M 1,821,933 5.117,085
005,880
OiH.iri;, J
Total txeeu x J
0.2I&7S V.S.V3.S8H 819,USll,V!S.f>0l 4.030,424
- Great Britain export* tnoiudo u> th e (Jlmnnei.
931,404
Total 1M 4 & .
Using tho facts disclosed by the foregoing statement8
wo shall find that the portion of the crop which has
T oe grout movement overland in February has been reached a market through the outports and overland,
bat 91,828 bale#, which compares with 14 4,471 b des md the Southern consumption, ainoe September 1, this
last year and 76,884 bales in 1894, T oe decrease from year and tho two previous years is as follows.
a year ago in the total for the season to date now
t
f
1895-86 ; 189.1 95. 1393-94.
reaches 541,676 bales, bat contrasted with 1893-9 4 the
18
Receipt* at the port* to Mar.
7 6,89
decline is onjy 97,194 bales, Tho net for the month €«t shipment* overland during1 .... bales. 4 .4 5 1 ,6 4 3 6 ,7 1 3 ,2 4 3 5 ,2 5 5 ,7 2 3
9 9 1 ,5 9 6
6 ,9 0 4
1
same time 6
has been 62,377 bales, or a falling off from 1895 of
Total receip t*..........................bales. 8 ,1 2 8 ,5 4 2 7 ,7 1 2 ,8 3 9 5 ,8 7 4 ,5 2 7
but 9,287 bales, the total then being 71,664 baler: In tenlhern consumption since September 1 5 1 8 ,0 0 0 4 5 3 .0 0 0 : 4 2 7 ,0 0 0
Total to March 1 ................. ...bale*. ". r.ld.-.*2 8 ,3 6 5 ,8 3 9 0 .3 0 1 ,8 2 7
1894 the net reached 23.993 bales. The aggregate for
the six months records a lisa from last year of 342,952
The amount of cotton marketed since September 1
bales, and the decrease compared wilh two years ago to 1895 6 is thus seen to be 2,519,297 balc3 less than in
is now very slight.
1894-5 and 654,985 bales balow the total for 1893 4. T o
o r u u s i D n t o * serrax itica l to x aaett t .
ietermine the portion which ha3 gone into the hands o f
Northern spinners during the same period wc have
1895-96. 1894 95, 1893 94.
prepared the following:
iM itm l shipped—
OVERLAND MOVEMENT TO MARCH 1 .
VtaSt. Lool*...........................................
Vis Cairo............................. ...................
VI* Parker C ity.....................................
VI* Evansville.......................................
VI* Louisville ........................................
VI* Cincinnati.........................................
VI* other route*................................... .
Shipped to mill*, not Included above...
435,760 731,821
196,102, 277.108
13,398
24.553
es
2,899
107,146 143.819
09,399: 127,033
67,092 111.505
7,185
8,472
501,975
194,051
Total gross overland.......................
886,166'1,427,8 42
983,880
Overland to Sew York, Boston. Ac....
Between Interior to w n *.................. .
Galveston, Inland and local mill*........
New Orleans, Inland and local mUl*...
Mobile, inland and local m ill*............
Savannah, tni*nd and local mill*.........
Charleston. Inland and local m ills.....
N, Carol’* port*, inland and local mill*.
Virginia port*. Inland and local m ill*..
190,651
2.859
3,083
12,839
4,291
1.113
318,948
2t,74«
2.718
18,341
14.041
1,958
6,077
9 ,U 7
841
903
5.572
234,230
20.886
2,509
16,150
10,558
670
7,188
740
84,071
Total to be d e d u cte d ........................
234.522
433,248
Leaving total net overlan d*........
651.644
094.590
0,393
77.050
86,125
110,317
7,143
Oviuel tMpmentt -
5,069
Total re ce ip t* t< F e b ru a ry 2 9 ,1 8 9 0 , 4* a b o v e ............b ale*. 5 ,0 4 0 ,5 4 2
>
1 ten'll on b an d eotam enonroTBt a t y e a r <Sept. 1, 18951—
A t N orthern p o r t * . . . . . ........................... 1 0 0 ,5 2 7
46 S outhern p o r t * .................................... 1 1 0 ,5 3 0 — 2 8 0 ,9 0 3
At N orthern In terior m a rk e t* ..................................
5 , 7 S 2 - 2 8 5 ,8 1 5
r o a d s u p p ly t o F e b ru a ry 2 9 , 1 3 9 8 ...... .......................... . . . 5 ,9 3 2 ,3 8 7
W th is » a p p ly th ere has been e x p o r te d
so fo re ig n p ort* s in ce S ept, 1 ,1 8 9 5 3 ,3 1 2 ,3 0 2
le a * fo re ig n o o tto n In clu ded . . . . b i l e s ,
4 5 ,9 1 8 3 ,2 3 8 ,9 5 t
S e ct to C an ada d ir e c t fro m W a t t ..
..............
6 1 ,9 3 3
O m l N orth an d S o n th ...................................... . . .
1 ,5 0 3
S ook o n ha n d en d o t m o n th tF eb. 2 9 ,1 8 0 0 1 —
a t N orthern p o r t * .. ............................... 2 3 2 ,0 1 5
a t Southern p o r t a ............ ....................... 5 0 2 , 2 3 1 - 8 2 4 .2 4 0
4 t N orthern In terior m a rk et*.................................
8 ,2 4 3 - 4 ,1 5 3 ,8 8 3
tota l tak in g* b y sp in n er* elu oe S ep tem b er 1 ,1 8 0 5 ...............
Taken b y S outhern s p i n n e r * ................................ ...........................
1 ,7 7 8 ,7 0 4
5 1 8 ,0 0 0
Tak >n b y N orth ern sp in n er* d a o e S e p te m b e r 1, 1 595....... ..
Taken b y N orthern s p in n e r* sam e tim e In 1 8 9 4 -9 5 , .1 ............
1 ,2 6 0 ,7 0 4
1 ,7 0 8 ,3 2 3
327,556
D ecrea se In tak in g* b y N orth ern gptnners th is y e a r ..b a le * .
4 4 7 ,8 1 9
655.804
The above indicates that Northern spinners had up
to Feb. 29 taken 1,260,704 bales, a decrease from the
corresponding period of 1894-95 of 447,619 bales and
a gain over the same period of 1893-94 of 123,444 bale*.
This total loelnrtee shipment* to Canada by fall, which since
September 1 in 1395-90 amounted to 53,832 balsa; In 1394-93 were
69.103 bales, and in 1893-94 were 33.582 bale*.
RECEIPTS, EXPORTS A N'li SPINNER3* TAK IN G S.
AMOUNT OF CROP NOW IN SIGHT.
The net receipts at the ports for the month, while
less than in the like period of 1895, have been appreci
In the foregoing we have the number of bales which
ably greater than in 1894, reaching a total of 441,776 baa already been marketed this year and the two
bales, against 533,398 bales in February last year and previous seasons. An additional fact of interest is the
442
TH E
total of the crop which was in sight on March 1
oompared with previous years.
1895-98.
1894-95.
1893-94
p
a
b
o
to Oott'n Print
a
ing
► low
to mid cloths,
dling. 64x64
_
Total marketed, as a b o v e _ bales.
Interior stocks In excees o f Sept. 1.
5,046,542
376,500
8.165.839
348.000
6,301,527
275,000
1..
2..
T ’e
Total In eight......... .......... baled.
6,023,042
8,513,839
6.576,527
4..
5,
6..
7..
8..
9..
7’e
77s
7 7e
77e
7 7a
This indicates that the movement up to March 1
of the present year is 2,490,797 bales less than in
1894-5 and 553,485 bales less than in 1893-4.
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.
Months.
1895-96.
1894-95
1893-94.
1892-93.
September............
October.................
November............
Deoem bor............
January...............
February..............
542,394
1,722,122
1,321,097
1,336,030
617,924
483,475
663,703
2,116.830
2,197,167
1,971.988
931,289
583,062
511,273
1,637,555
1,704,608
1,613,603
7? 0,991
358,497
522,552
1,465,067
1,467,066
1.290,705
556,371
412,604
Total 6 months.
Balance season..
6,023,012
8,513,839
1,378,927
6,578,527
950,684
5,714,365
1,002.777
9,892,766
7,527,211
6,717.142
.
Total orop —
W E IG H T
OF B A LE S.
T o furnish a more exact measure of the receipts up to
March 1 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.
Six months ending Feb. 29,1896.
Number o f
Bales.
916,774
T e x a s ...............
Louisiana.......... 1,515,202
A labam a..........
178,826
778,691
Georgia*...........
316,074
South Carolina.
Virginia............
419,019
North Carolina
155,061
T » inessee. <fco.. 1,366,295
Total...........
5,646.542
Same
Same
p eri’d in period
1894-95. 1893-94
Weight in
Pounds.
Average Average Averag.
Weight. Weight. Weight
482.333,137
773,662,141
89,234,174
376,364,721
152,353,989
203,157,172
76,104,220
683,147,500
528 12
5 1 060
499 03
483 33
482-02
48A84
488-91
50000
2,836,357,054
502 14
534-40
513-52
508 00
491-00
489-17
494-12
494-57
499 00
508-27
IVOL.
C H R O N IC L E .
521-51
496-07
499-00
485 60
481-94
486 58
486-29
495 90
23,
23,
23,
23.
2\
2%
7l3ie 23,
li..
1?,
13..
14..
15..
16..
1895.
1896.
Sheet
ings,
stand
ard.
Lan
caster
ging
hams.
50«
5
5
5
5
7>*
7bi
7 tg
7>a
18..
19..
20..
21..
22..
2325..
26..
27..
28..
29..
30..
33..
23,
23,
23,
23,
23,
23,
23,
5ia
5 >4
5*4
3*v
5
5
5
5
5
5
5
5
5
5
5>a
Ma
5 'a
Sic
5ia
5
5
5
5
5
5
5
5
5
5
5
7*4
7^
71,6
7716
77i6
23,
23,
23,
23,
23,
2-57
2-57
2-57
2-57
2-57
2-57
2-57
2-57
2-57
2-57
bhi
S'th’ n
31/d.
1beetin gi.
54
5*4
5
5
438
438
5*4
54
5*4
54
5*4
54
5
5
5
5
5
5
43q
43g
43e
4%
438
1%
5
5
5
5
5
5
i5
5
5
5
5
5
43 q
4-%
438
43s
439
43s
5
5
5
5
2-57
2-57
2-57
2*57
2-57
Lan
caster
ging
hams
5
5
5
5
43a
438
438
438
5
438
5
5
5
5
1%
438
438
43s
... 8...
... 8...
... 8...
5
...S ...
5
5
5
5
The above prices are—For cotton, low middling uplands at New York
for printing cloths, manufacturers’ net prices; for sheetings an d’
ginghams, agents' prices, which are subject to an average discount o f 5
per cent, e coept when otherwise stated ; S on h ern sheetings net.
Cleariugs by felegruph.—Sales of Stocks, Bonds, & c.—
Stoek Exchange Clearing-House Transactions.—The sub
joined statement, covering the clearings for the current
week, usually appears on the first page of the C h r o n i c l e , 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. It will be observed that as compared with
the corresponding week of 1895 there is an increase in the ag
gregate of 14'1 per cent. So far as the individual cities are
concerned New York exhibits an increase of 19 9 per cent,
and the gains at other points are: Boston 3-4 per cent, P h il
adelphia 15 9 per cent, Sc. Louis 4 2 per cent, New Orleans
11 '5 per cent and Baltimore 315 per cent. Chicago records a
loss of 0'04 per cent.
Week Ending March 7.
CL1ABING8.
Returns by 1 elfgraph.
1898.
1895.
Per Cent.
$512,717,915
73,930,543
59,699,169
12,992,018
76,159,716
21,062,423
8,526,179
$427,702,966
71,490,573
51,657,628
9,877,303
76,188,371
20,214,479
7.642,300
+19-9
+ 8-4
+15-9
+31-5
—0-04
+ 4-2
+11*5
Seven citiea, 5 d ays........
$764,987,963
131,498,762
$664,773,620
125,011,269
+15-1
+ 52
Total all oitles, 5 d ays....
$896,486,725
170,019,623
$789,784,889
145,074,560
+13-5
+17-2
$1,066,506,348
$934,859,449
+14-1
496 28
FEBRUARY.
The month of February proved most disappointing
to sellers in the primary market. They expected the
successful floating of the bond issue to be followed by
an easier money market, a restoration of confidence
with buyers, a consequent expansion of purchases for
spring requirements and the arrest of the downward
tendency of prices. The money market, however,
ruled tight throughout the whole mouth, home buyers
adhered to their extremely conservative policy, and
there was a wholesale revision of prices to a lower
basis. Bleached cottons were reduced nearly 10 per
cent, wide sheetings 10 to 12| per cent, brown goods 5
to 7 i per cent, colored staples 5 to 10 per cent and
prints 71 to 10 per cent.
The month closed without
improvement in tone and with full aggregate stocks in
first hands. In face of such conditions and with prices
on an unprofitable basis, some important mills adopted
a short-time policy and rumors of a fairly general re
sort to curtailment of production were rife.
Sales of
print cloths were small but Fall River manufacturers
held on stubbornly to the quotation of 2 f ;. for extras,
although in outside markets a light business was done
at 2 ll-1 6 c.
The export demand for heavy brown
cottons has been good and most popular of export
grades are relatively steady. In local and out-of-town
jobbing circles the month’s business has been in favor
able contrast with that passing in the primary market
and is reporte 1 generally showing a considerable in
crease over February last year.
2-57
2-57
2-57
2-57
2-57
2-57
5*6
54
5
5
5
74i
73,
7°s
53,«
63,8
5319
53lfl
53,6
53ia
53,0
5
5
50s
.. 11..
5°s
5»s
5=8
2-57
2-57
53,6
53,6
53,6
53,6
514
5t»
5 ti
54
54
53,6
5»,6
53,6
53]fi
53,6
5**ie
5316
53,,
5>4
5q
5M
5q
5
5
* Inoludlnj? Florida.
TH E D R Y GOODS T R A D E I N
S'th’ n OotVn Print. Sheet
ing ings,
3-yd.
low
sheet mid clothe, stand
ings. dling. 64x64 ard.
5>4
55fl
5^8
5»8
5»s
50s
LX1I.
Total all cities for week
Another table, our usual monthly detailed statement o f
transactions on the various New York Exchanges, has also
been crowded off of the first page. The results for the two
months of the current year are, however, given below and
for purposes of comparison the figures for the correspond ing period of 1895 are also presented.
Two Months, 1896.
Description. Par Value
or Quantity
Stock |y j j RR. bonds. ,
Oov’t bonds
State bonds
Bank stocks
Actual
Value.
Two Months, 1895.
Aver'gc Par Value
Price. or Quantity
9,738.710
(909,915,250 } 550,734,804 6T2 j
(76,129,*20 (49,708,540 06*3
(9,262,950 (10.769,037 116-4
$406,500
(282,942 00-8
(127,000
(215,075 109*0
Actual
Value.
Average
Price.
0,207,937
(018,737,250 } 378,742,392 61-2
(42,527,270 (33,102,018 77*8
(2,302,900
(2,629,372 114-2
(2,028,000
(637,533 24-3
(139,806
(218,281 150-1
Total.... (095,891,120 (017,711,598 02-0
*600.335.286 (415,329,596 63*8
6.950.500 (274,421,345 (39*48
Cotton., bis.
3,411,500 (94,050,600 (27-57
drain, bush. 144.430,062 (95,826.980 06 1-3C, 183,692,525 (104,797,660 57C.
Total value.
(987,962,923
(014,183,746
p iu ttc ta c u ia io n x m c r c ta t^ u g ltB b lL e r o s
[From our ow n correspondent.!
L o n d o n . S a t u r d a y , F e b . 22, 1896.
Con tide ace in the maintenance of peace is rapidly reviving.
There is a general impression here that there will be an early
and an amicable settlement of the Venezuela question and
that soon good feeling between the two great br anches of the
English-speaking people will be restored. Excitement in
Germany is abating. France for the moment is engaged in
internal affairs. It is not believed, however, that the ComstiI tutional crisis which has arisen will lead to disturbances.
M ar c h 7, 1800 J
443
THE CHRONICLE
All the powers have recognized Prince Ferdinand of Bul
garia, and it is believed that Russian influence, which is now
supreme at Sofia as well as at Constantinople, will be able to
prevent the apprehended revolt in Macedonia. That there is
great unrest in the province cannot be disputed, but those
who hnow it best are convinced that there will be no rising
if the Bulgarians abstain from agitation.
It is hoped that even in the Far East no troubles will arise.
Undoubtedly the landing of Russian sailors in Corea has
caused great excitement in Japan. But the Japanese Gov
ernment is fully aware that its fleet is not strong enough to
fight a great European power and it is exerting all its influ
ence to calm public opinion. President Kruger has not yet
accepted Mr. Chamberlain's invitation to visit London, but
strong pressure is being put upon him by hia best friends in
Europe and South Africa, and those who know him well be
lieve that he will finally accept. Meantime he expresses the
strongest desire to assist the mining companies in obtaining
the native labor required and also in redressing obvious griev
ance*.
Upon the whole, then, there is a decidedly better feeling
than there has been for the past few months ; and the feeling
is strengthened by the conviction that the Government is in
tent upon so increasing the navy chat the country shall oe
put in a position to defend all its interests. Nevertheless, the
scares through which we have passed for a couple of months
or so have undoubtedly checked enterprise. There it a fur
ther accumulation of unempl >yed money, and bankers com
plain that they are unable to employ profitably their surplus
funds. The Bank o f England now holds over 48p£ millions
sterling in coin and bullion ; the reserve is 4f)34 million* ster
ling, and the total deposits are nearly 94*4 millions sterling.
The silver market is firmer, there being a good demand for
India, and the India Council continue* to sell its drafts exceed
ingly well. On Wednesday it offered for tender H lakhs,
O
and the applications were for 10 *^ times as much, and the
average price obtained was 1*. 3 13-2M. per rupee. The
expected demand for silver for Japan ha* not arisen, and it
is doubtful whether very much wilt be tak*»n. Since the new
year began the Japanese Government has paid out 3 millions
sterling of the amount standing to its credit in the Bank of
England, but it still holds in that institution nearly 12
millions sterling. Far the greater part, however, it is be
lieved, wilt be laid out in Europe in purchasing ships and
munitions of war.
The Chinese loan negotiations drag. The next instalment
of the Japanese indemnity will not fall due till May, and
there are rumors that the Chinese Government, beiog unwill
ing to pay the rate of interest which bankers demand, is
sounding the Japanese Government as to whether an arrange
ment cannot be come to for postponing the payment of the
instalment.
In spite of the better feeling in the city, investment is con
fined very much to Briti-h securities, and there has been
during the week a further very remarkable rise in first-class
securities. Consols, for example, have risen to 110. The
interest. It will be recollected, is only 2-:., per cent, and it will
be reduced to 2 ^ per cent ia a few you*. <Yet it is very
generally expected that there will be a further advauoe.
British railway stocks are likewise exceedingly high and
Colonial stocks are steadily advancing. There is a fairly
good demand for Argentine securities, both those of the
National Government and those Of the better railways.
The public is holding aloof from the American market.
Market operators, it is true, are buying more freely than they
have done of late, but the pure investment demand continues
very small.
There is scarcely anything doing in international securities:
and even the mining market is quiet. Partly that is due to
the c (fence taken by President Kruger at the premature
publication of Mr, Chamberlain’* despatch, but mainly it ia
the result of exaggerated reports o f labor difficulties. There
is no doubt that the recent troubles have frightened away
many natives; and it is also true that sufficient protection is
not given to the natives in going from the mines to tbeir
homes, so that they are often robbed of tbeir savings.
But there appear grounds for believing that gome
of the mine owners are making the most of the
difficulties for political purposes.
In any case, if
President Kruger fulfil*
his pledges to assist the
companies in getting labor the present difficulty ;wlll be
very temporary. The act passed about a year and a-half agofor regulating native labor contracts lias at last been promul
gated in the Government ‘ ‘Gazette,” and if it is carried into
force properly and quickly it will give the requisi'e protection
to the natives, and will make it much easier for the compan
ies to arrange with the native chiefs for what supplies they
require. Aa it is obviously the interest of President Kruger
to support the companies, there can b i little reasonable doubt
that he will do so. for it ia to be recollected that far the
greater part of the Transvaal revenue is derived from the gold
fields.
As yet little attention Is directed here to the Cripple Creek
gold fields; but the more far seeing are making inquiries.
And the New Zealand gold fields are coming into greater fa
vor. The Western Australian mines, however, are neglected
for the moment, owing to the great cost of working and to the
want of full information respecting most of the mines.
To sum up, the markets, taken altogether, are in a waiting
attitude* but everything points to a rapid increase of activity
if nothing untoward happens.
The following return shows the position of the Bank of
England, the Bank rate of discount, the price of consols, Ac.,
oompared with the last three years:
1800*
Feb. 19,
C irculation. . .
Public depoalta............................
Oifacr deposit*.. . . . . . . . . . . . . . . . . .
U o te m a o M Meurttla*— ........
Other M ca rtU cf.........................
Hatcrv* o f not«* and oota... . . . .
Coin & bullion, both deparua’ u
Proa. rw e rre to HabUltla*. .p. 0.
Bank rata .. . .............„p « r cent.
Conaol*. k g per ce n t.. . . . —
Silver..............................................
A r k
£
£
*1,853.335 24.029,095
13.393,973
0,387,12*2
47,830,709 32.419,237
i
12,178,188
*7,052,239
17.830.049
40,745,340 29,073.083
48.707,575 37,502.173
70 Ji *M
S
MJ4
2
2
lOi U-lOd.
w orn.
310.
27144.1
1894.
1898.
Feb. 21.
4
Ffb. 28.
J
b
*3.018,070 84,511,490
8,2 r 1,737
9,501,883
27.838,028 38,909.734
8,983.833 11,227,252
24,083,911
*6.ojs,as
32,301,698 19,173,01
5:9,749,708 27,287.504
00
51 6-10
2*
2%
06 0-1 Od. i-SU -ldd.
88 5*163.
* 8 «4 .
a«*rltm-H0OM ntaSBM............ U»M70,000 133-**,000 121,304.000 122,368,00 •
* Wbraarr si.
* February SI.
The following shows the imports of cereal produce into the
United Kingdom during the first twenty-four weeks o f the
Mason, compared with previous seasons:
t*ro*T»,
1 8 9 5 -9 6 ,
I m p o r ta n t w h ca t.rw t.3 1 .1 9 7 ,7 0 0
P a rle y ............................... 1 2 ,1 7 0 .4 1 0
0 * 6 * ......................
6 ,5 9 6 ,9 4 0
P m « ..............................
1,494,1.80
« e a o » .....................
1 ,8 7 8 ,6 8 2
In d ia n c o r n ....................2 0 ,8 8 3 .7 * 0
F lo u r .............................. 9 ,9 1 5 ,6 0 0
1894-95.
3 1 ,1 6 0 ,2 8 8
1 8 .3 2 0 .9 3 4
7 4 ! 0 ,3 3 7
1 ,2 8 0 ,9 7 9
2 ,2 0 5 ,3 3 2
1 1 ,7 6 9 ,7 1 4
9 ,2 3 8 ,0 1 0
1 8 9 8 -9 4 .
1 8 9 2 -9 3 .
2 7 ,8 8 2 ,6 0 4 3 0 ,3 1 7 ,2 1 9
1 8 ,1 8 9 ,7 0 3
9 ,0 5 4 ,8 8 1
6 ,4 1 7 .6 1 4
6 ,2 4 2 ,1 7 8
1 ,323,871
1 ,2 1 1 ,1 6 3
2 .4 0 1 ,5 9 2
2 ,1 4 8 ,7 4 1
1 4,2 9 0 ,7 1 1 1 3 .5 7 8 .7 7 7
9 ,0 6 7 ,2 4 6 10,1 83 ,9 8
Suophee available for consumption (exclusive o f stocks on
September 1 ):
1 8 9 5 -9 8 .
W heat lm p o r t e i.c w t .3 1 ,1 9 7 ,7 6 0
Im ports o f f l o u r ........ 9 ,9 1 5 ,6 9 0
Sale# o f h o m o -c r o w n . 7 .6 2 0 ,9 1 4
1 89 4 -9 5.
* 1 ,4 8 0 ,2 8 8
9 ,2 5 8 ,0 1 0
1 0 ,3 5 0 ,9 7 5
1 8 9 3 -9 4 .
2 7 .8 3 2 ,0 0 1
9 .0 6 7 ,3 4 6
1 2 ,0 3 3 ,9 1 0
1 8 9 2 -9 3 .
3 0 ,3 1 7 ,2 1 9
1 0 .1 3 3 ,9 3 2
1 3 ,2 9 4 ,4 8 4
Total................. 48,744,364 51,089,251 48.983,790 53,795,685
1895-96.
A ver, p rice w h eat w e e k .26*. 7 4 .
A v e ra g e p r lo e ,* e * » o n ..2 5 r . 0 4 ,
1 89 4 -9 5.
19s. 114
19*. 9 4 .
189 3 -9 1.
2 5 ,. 34.
26*. 8 d .
1392-93.
2 6». l i d
27a. 5 d
The following shows the quantities of wheat, flour and
maize afloat to the United Kingdom :
TAt* w i .
L a a tvm k .
W h ea t....................... q r » . 2 ,2 0 9 .0 0 0
f l o u r , e q u a l to
q r* .
4 0 3 .0 0 0
Mai a s ........................ q r* .
9 0 2 ,0 0 0
Ctasllati PM u
bc
1895.
1894,
2 ,2 0 1 ,0 0 0
3 8 3 .0 0 0
8 0 3 ,0 0 0
3 .2 0 1 ,0 0 0
2 6 1 ,0 0 0
3 5 2 ,0 0 0
2 ,4 4 2 ,0 0 0
3 8 9 ,0 0 0
5 5 4 ,0 0
M I V la rk eta —P e r C a b le .
Toe daily closing quotations for securities. A c., at London
-re reported by cable as follows for the week ending Mar. 0;
London
Sat,
Stiver, per or _____ ...A.
Console, new, 2% p. ota
For accou n t.......... ......
FToh rentes (la Parisifr.
Ateb. Top. * 8 . Fe........
Canadian P a cin o..........
Chesapeake < Ohio__ _
fc
Ohio. Milw, * St. Paul,.
lliinot* Central_______
hake Shore_________ _
LoidevUle * Nashville..
Mexican Central 4*......
do. Kan. & Tux c o m ....
S. Y. Central * Hudson
3. Y. Lake Erie Je West.
2d consols. ...............
> V. On:. .1 \V »-,-rn
-\
,
.
Norfolk A West’n, prof.
Northern Paotflo, p ro f,.
P e n n s y lv a n ia ...........
Phil. < Read., per share
fe
Southern Ky.. co m ......
do
prerd_______
Union Pariflo.................
Wabash, p r o f ...............
;
Tuet.
W
ed.
Thura.
31%
3HS„
I0f>% 1097, f. t09%
1 tfi 109% 1 0 0 %a.
100*
02 821* oafttlj -102-75 102-90 102-85
16*9 I ie%
17
17%
16%
56%
58 : 50
57%
587*
17%
l; io\
17%
16%
7*% ; 77 s ( 76%
80
80%
9S %
981s
99% j m\
09
152
152
(1 51 %
151%
151%
53%
53%
55
5 5%
53%
72%
72
71%
72%
72%
13
12 %
13
12%
12 %
100%
ioo% 99% 100
ICO
16%
16%
16%
Hi’s
76
! 76
75%
76
76
15J
*
15%
15 % ; ia%
15%
H
i*
7%
7%
8
7%
17%
18 H 16% 10%
i
1«7
8
55
55%
55
58
arcs
0%
0%
8*4
8% ; 6%
10
HI
10
10 %
i s7
*
31%
30%
3 2%
31%
31%
7%
7 % ! 7%
7%
8%
18 V
*
18%
19
18
18
SI %
Fri.
31S~
109*18
109-1,.
102-70
lfl’ s
56%
17%
79%
99
151%
6 l% j
72% ,
12%
10O
%
1 6%
75%
1 5%
7%
1 7%
55%
6%
10
32
8
18%
{ i v c n n u n c v c t i i l a m l ‘W s c c l L t u c o u s i ^ c w s
uoTERRMEsr RgviBftr* a m > Expenditures,—Through the
courtesy of the Secretary o f the Treasury, we are enabled to
place before our readers to-day the details o f Government
receipts and disbursements for the month of February, From
previous returns we obtain the figures for previous months,
and in that manner complete the statement for the eight
months of the fiscal years 1895-96 and 1894-95.
r k o k iit u
tilling and Cattle Feeding stock to subscribe to the first pre
fe r r e d stock o f the Spirits Distributing Company expires o n
March 7.
— Messrs. Ben well & Everitt, 6 W all Street, make a specialty
S.IJk.
Cut- Inter' Red'p ,Vl«’
of municipal issues in the States of New York and I ew
tom*. Rev'u Fund S'ree>
Jersey. Tin ir card will be found in our State and City Det
9
~ r
f
parlment.
H 1.182 35,09?
885.80
— Georgia & Alabama first mortgage preference 5 per cent
1.050 41,050.
33
27.562 < 3
<3.18* 1,506 874 21,21? gold bonds, due 1945, are offered for sale by Messrs. R. a .
1 0.01 1,829 1,8*23 22,104 Sperry & Co., Baltimore. See particulars in advertisement.
(ooo « om itted ).
1805-0.
jRlY-An*...
Bcpt-.
Oct..
Not ...
Dec...
Jan....
F eb...
fVOL. L X II
THE CHRONICLE.
444
S.Bk.
C O Inter' lUd'r- Mitc'i Total
UtOm*. llev'u Fund. S'ree*
9
%
9
9
I
182 2.094 89.851
14,07? 12.898
15J3W 18,172 35d 1.142 89.300
2 8 > 47d 030 83.080
14.05* 1 J »K
I
487 1.610 30,20->
11,347 13,TC
13,040 01c 1.401 8d,59t
11.455
H 1,369 2*3.951
02
12.JO0 12.751
17,375 11,179 433 2,391 81,375|
002 1.340 a? 051 j
13,90* 10,807
I
! 7,7D 2.4H 1,37< 21,8*2
— Messrs. James N. Broun & Co., 62 Cedar Street, deal in
0.39. 1,241 1.26* 23.0.8
United States bonds and investment securities. Tneir card
1,10* 1.87 : 29.09S
v 9 117
213 <9*; 23,101 will be found on the first page of the C hronicle .
5 8.86*
V100.138 0.0S1 lO.iayi
6 men.. 118.de9 1*8.66- 3.898 18,6ft 228,4671
City R a i l r o a d
D IH H D R O B M B N T H (O O O d O m i t t e d . '
S e c u r i t i e s — Brokers’ Quotations.
1804-5.
Or<4
1nary
■
-
Oct-Dec.
Jan....
Feb...
N. tik.
Ftn- In- Red'p Total
tiont. teretl Fund.
9
18.485
18,437
13,310
17,43*
12.805
14.125
16.123
18.164
•
13,755
12,302
10,708j
11.891
UUMS
31.367
9,907
18,817!
Orillnary
$
1
»
t
«
»
*
<
912 87,590
7,338 974 89.522 16,7321 12,90. 7,014
912
32.374
7R*
647 33,235 10,411 11,335
1,849
822 771 31,093
890 935 25,255 17,111 12.590
61*9 35,09*2 1**,400 11,053 5,194 720 33,139
5,168
U
2' 1,157 29,634
-e.itov 1,(100 23,208 15.519 13,08.
110 1,113 28,217
322 019 86,73* 14,094 12,331
7.0SH 1.414 35,937
L ll» 33,40* 17,5811 10,054
2.268 1,103[ 27.852 ll,703j 12,'SO 1,521 1,35V 27 055
91.542'20.20
8 tnoi..
Bid.
N.Bk
In- Red'p Total
Pentions fcrest Fund.
7,395 840,481 120,409 91,0 e 23,087 8,10'. 855.309
I m p o r t s i s o E x p o r t s f o r t h e W e e k .— T he following are
th e imports at N e w York for the week ending for dry good a
February 27*'and for th e week ending for general merchandise
February 23; also totals since the beginning of the first week
in January.
rO R K IO N IM P O RT S AT M E W Y O R K
1894.
1893.
For Weetc.
1895.
$1,648,522
9,304,603
$3,807,914
8,212,950
$3,935,205
8,615,976
$15,745,518
$10,953,125
$12,020,864
$12,551,181
$30,097,6-16
75,210,758
$15,723,397
17,611,450
$28,793,522
51,817,318
$26,289,511
55,352,382
Potal 3 weeks.. $10.5,338.104! *63^331^817
$80,610,840
$81,621,893
Total..........
Since Ja n . 1.
Dry Goode.......
Gen’l mer’dlse.
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
waek ending March 3 and from January 1 to date :
EXPORTS FROM NEW Y O R K F O R TH E W E E K .
1893.
For the w eek..
Prev. reported.
Total 8 weeks..
1894.
$5,690,4 LO
45,581,608
$51,272,018
1895
|
$8,210,517
49,295,196]
$57,511,743
I8 6 0
$5,719,401
47,170,339
$7,022,957
54,422,535
$52,889,740
$01,445,492
The foUowiug table shows the exports and imports of specie
at the port of New York for the week ending February 29 and
since January 1, 1893, and for the corresponding periods in
1895 and 1894;
E X P O R T S A N D IM P O RT S OP 8 P E 0 I B A T N E W Y O R K .
Gold.
Exports.
Week.
Great Britain..........
France.......................
Germany...................
West I n d ie s .....___
M exico.......................
Bo nth Am erica.........
All other oountrles.
Total 1896
Total 1895.
Total 1894.
Silver.
7,500
$9,650,816
820,250
2,370!
73,449
540,000
1,881,600
Total 1896.
Total 1895.
Total 1894.
Week.
[SinceJan I,
$24,333 $11,117,453
----------2 ,l 59,080
700,000
182,265
21,935
3,197,120
521
155,802
15,556
223,081
52
13,853
$547,500 *12,428,485! *762,447 $17,048,654
46,000 26,822,949 4,336,703
6,367,965
1,796,412
5,557,075
459,051
2,215,706
Exports.
Imports.
Week.
Great B ritain...........
F r a n c e .....................
G erm any...................
West Indies..............
M exloo.......................
■oath America .......
All other oountrles.
Imports.
Since Jan. 1.
Since Jan. 1
$1,334,000
*8,117,954
168,000
750
159,309
4,000
88,428
485
$1,338,000
633.748
807,071
*3,534,926
5.174,277
7,448,346
Week.
le t M., 08,192*2... M<feN
Cen.Pk. N.&E.Riv.—Stk.
Consol. 7a, 1902...J&D
Colnmbna * 9th Ave. 5a.
fe
*26*
85
30
$108*3 n o
2 1 2334
3 -1
190 198
$105* 107b
$107 109
$112 115
Ask
150
105
105
Christ’p ’ r&lOth St.—Stk
1st m ort.,1898 ...A<fcO
D. D. E. B. < Bat’y - S t k .
fc
1st, gold, 5s, 1932.J &1
155
112
$100
Sorip...........................
330
103
309
50
$115
Eighth A venue—S to c k ..
Scrip, O , a914.............
b
42d < Gr. S t Fer.—Stool*
fc
42dS t.& M an.& St.N .A v
1st mort. 6a, 1910.M<fcX
2d rnort incom e 6a. J&.7
$104 * 103
3
Lex.A ve.& P av.F erry 58114 115
Metropolitan T raction ..
172 174
Ninth A venu e—S to c k ...
112
Second A venue—S to c k ..
105
1st m ort,5a, 1909.M&.N
$ 9 8 b 100b
Debenture 5a, 1909. J & J
150 190
$ n o * l n i b Sixth A ven u e—S to ck ---9 b 10 T h u d A venue—S t o c k ...
1st mort., 58,1937.J& J
54
jTwenty-Third St.—St’ k.
190
Deb. 5a, 1903...............
$118
Union R y—S t o c k ..........
160
114 110 j 1st 53,1942 ..................
4
111b 1113 WeatohoBt’r, lat.gu.,56.
65
111b
105
155
160
$107 b
103
190
180
119
300
170
1 14b
103
345
322
60
116
68
llUb
106
163
109 b
206''
181
120b
100 105
100 105
105
$100 101b
$103
Gas Securities—Broken Quotations.
GAS C O M P A N IE S .
Brooklyn G as-Light........
Central............. ......
Consumers’ (Jersey City).
Bonds...............................
Citizens’ (B rook lyn )........
Jersey City *fc H oboken..
Metropolitan—B onds........
Mutual (N . Y .....................
Nassau (B rook lyn )..........
Scrip........................ .......
N. v . & East R iv. 1st 5s..
T
Preferred ..................—
Common...........................
Consol. 5 s ........................
Bid.
150
160
75
102
100
180
106
230
300
100
101
72
G A S C O M P A N IE S .
Aak.
102
75
38
89
88
Bid.
Ask,
100
170 175
230
300
106
200
105
Equitable........................... . 210 214
Bonds, 6s, 1899............... 105 107
72
70
86
89
Standard p re f.................
1 0 8 b no
79
77
6 6 b 68 b
W estern Gas.....................
90b
Bonds. 5s.......................... $89
People’ s (B rook lyn )........
Peoples’ (Jersey C ity )----Metropolitan (B ro o k lyn ).
W illiam sburg....................
1st 6s.................................
Fulton M unicipal..............
109
240
371,
$ A n d aoorued interest.
* E x rights.
Auction Sales,— Among other securities the following, no
regularly dealt in at the Board, were recently sold at auction
By Messrs. Adrian H. Muller Sc Son:
Shores.
Shares.
49 No. Carolina Lum ber Co. 75
50 Ketsof Mining Co............ 50
Bonds.
$1,000 B rooklyn City 6 p. c.
perm. wat. loan, 1896, J&J,
10c & int.
$150. 00 Kings Co. H ygiene
Ice Co. o f N. Y. 1st 6s, 1922,
Deo., 1892, coupons o n ..$->5,500
$2,000 Newark, N. Y., Water
Works Co. 6s, 19o7, Jan.,
1894, coupons on
$200 lot
$3,000 Rochester, Mion.,'Wat
er Works Co. 6s, 1907, Sept.,
1893, coupons on ........... $100 lot
$1,000 Spartanburg, S. C.,
Water Works Co. 6s., 1908,
Feb., 1894, coupon o n ...$ 1 0 0 lo t
$1,7 50 R etsof Mining Co. 1st
m ortgage b on d .............. .
75
25 Kings Co. Bk. of B’k ly n .113
23 Union Ferry Co
........ 6 9 b
20 Rutgers Fire Tns. Co — 119
20 Empire City Fire Ins. Co. 81
25 Commonwealth Ins. Co. 86
50 Merchants’ Nat. B ank... 134*8
30 B’klyn City Safe Dep. Co.210
25 H olland Trust Co. (in
liquidation).................... SO
10 Title Guar. & Trust C o ..245
10 Hide & Leather B an k... 88
40 Broadway Ins. C o......... 112
50 Celluloid C o...................... 6 4 b
10 Atlantic Trust C o.............180
100 Manhattan Trust C o........1 4 0 b
25 H olyoke Paper Co. of
Holyoke, Mass . . . . 100
10 M ark ets Fulton Nat. Bk.221
10 Hamilton Nat.Bk.of N.Y.102b
20 T ide Guar. & Trust C o ..248
Since Jan. 3.
la n M tts
$70
1,638
30,974
18,923
78
29,117
197,184
136,212
11,131
$51,613
23,823
$373,714
213,978
247,355
2,122
$107
Bid.
Aak.
§ And aoorued interoat
x Ex-dividend.
18S8.
$3,511,210
12,234,308
Dry Goods.......I
Qen'l mer’diae.
Atlan. Ave., B'klyn—
Con. 5s, g., 1931..A&O
Xnipt. 58, g.. 1934..J&J
Block. St.& Ful.F.-Stk.
latmort.. 7s. 1900. J * J
Brooklyn Rapid Transit,
y'way &7th Ave.—Stock.
lstm ort.,58,1904.J&D
2d mort., 5 b, 1914.J&J
B’way 1st, 5s, guar. 1924
2d 5ft,int.as rent'1.1905
Conaol. 5a, 1943...J<ft,D
Crooklyn City—Stock....
Consol. 5a, 1941...J&J
Bklyn.GTosst’ii5s.l90.x
Bkl’ n.Q’ naCo.&Sub.lst
Bklyn.C.&N’ wt’wn—stk
5a, 1939.........................
Brooklyn Traction..........
Preferred................... .
Central Croastown—Stk.
— Messrs. Spencer Trask & Co , 27 and 29 Pine Street, and
Hollister & Babcock. 17 and 19 Broad Street. New York in
another column offer Burlington Cedar Rapids & Northern
consolidated first mortgage Os, and will accept Iowa City
& Western first 7s, called for payment March 1, on account
thereof.
— The March investment circular of Messrs. Redmond,
Kerr & Co. is printed on the last page of the Q u o t a t i o n S u p
p l e m e n t accompanying to-day’s C h r o n i c l e ,
This circular
will be sent regularly to any address on application at either
their New York or Philadelphia office.
Attention is called to the fact that the privilege given to
holders of Manhattan Trust Company’s certificates for Dis-
S p en cer
and
ffitr a u e ia l.
T ra sk
&
BANKERS,
21 & 2 9 P I N K S T R E E T ,
-
C o .,
-
NEW
YORK*
65 State Street, Albany.
IN V E S T M E N T
S
amuel
D.
S E C U R IT IE S .
D
&
avis
C o .,
BANKERS,
N O . 4 0 W A L L S T ., N E W Y O R K .
S a m u e l D . Da v is .
Gbo
ug h
Ba r c l a y
M
C h a s. B. V a n N o s t r a n d ,
Mo f f a t .
A
o f f a t
&
lexander
W
m
h i t e
. W
h it i,
Jb >
,
BANKERS
30
P I N K
S T R E E T ,
-
-
N E W
IN VESTM EN T SE C U R IT IE S.
Y O R K
M
arch
«. is»t>, [
in r ,
b m v U iM b ijE .
g lx e Jpaw kers7 (g a zette .
D i r i O E N S S .
i Per
1 Cent.
Xante o f Company.
K a llr o a d * .
B o ston & A lb a n y ( q u s r .) ............ |
Camden * Atlantis p r e f.......
Chicago A East £11. pref. (qaar.)
Clev. Cl a. Chic. & St. L. pf.iq.aar.!
Little Miami guar, iq a a r.)...
N. Y. * Uarietn com . ac pref,
W est Jersey e o im u o n ...........
W est Jersey A A d a m ic .........
> tl» te lla n e e u » .
C o m m ercia l C ab le iq a a r ) ____
Con. K ao. C. Smelt.<st R tf g com.
do
do
pref. (qaar.):
International Bell Teieph.. Ltd..
When
Payable.
B ooks closed.
( Days inclusive.)
2
•%
2
1%
1%
1
3
3
3
Mar.
Mar.
Apr.
Apr.
Mar.
Ap .
M«r.
Mar
31 Mar. S
lb ----------1 Mar. 15
1 Mar. 17
3 0 Mar. 1
1 Mar. 17
16 —------- 16 — -------
r»
to
to
to
to
to
to
to
Mar. 31
-------Apr. 1
Apr. 1
Mar. y
Apr. i
1%
3
1%
S .u
3
-1
Apr.
Mar.
Mar.
Mar.
Apr.
A pr.
1 M.vr. 21
2 Mar. X?
2 Feb. 29
17 Mar. 0
1 Mar. 17
1’ Mar. 14
to
to
to
to
to
r»t
Apr. i
Mar. 19
Mar. 1
Mar. 17
Apr. X
A pr. 1
-- -------------
W A L L S f t t E E r . F R I D A Y * , M t K . B, 1 * 3 6 - 3 P.
ԱԱ 0
The following were the rates of domestic exchange on New
York at the under-mentioned cities to-day: Savannah buying
1-16 discount, selling par ; Charleston, buying par, selling y
premium; New Orleans, bank, 31 53 premium; commercial
25c. per §1,000 discount; -Chicago, 30c. per $1,000,’ discount;
St. Louis, 50@75c. per $1,000 premium.
United States Bonds.—Government bonds have been
active and strong. Sales at the Board include $1,520,000 4s
coup.. 1925, at It 6j£ to 11’ 4£; $35,000 os, coup., at 113;
$35,000 cy. 6s, 1899, at 107}^; $35,000 4s, reg., 1925, at 116% to
110%; $1,500 4s. reg., 1907, at 108%, and $500 4s coup., 1907,
at 111. The following are closing prices:
j
)
(m erest Feb. j March March March March March
Periods 29. | 2. | 3.
A.
5.
6.
28, ................. . .rex. i-M e h . • 95 i* 95 1- 9V * 95 * 95
4s, 19 07.............rev. d .-T a a . ♦xO -jqG O -D aU O Sk *i03
10*18
48,190 7.......... soap. Q .-J a a . •110 *109% -109 *8 *104% ‘ 109%
4s, 1925-----. . . .reg. V .- Feb. •117 *114% 116% 116% *114%
4®, 1925.......... coup. q .- Fell. 110% 116% 116% 116% 117
Feb. ■113 |*U3 |*U3 *11209 *112%
5s, 1 9 0 4 ..........re v .
5«. 1904 .........coup. Q.- Feb. *113
113
113 *41203 113
6s, 3ar’cy ,'9 7 . .reg. J . % J- -102 *102 *102 *102 *102
6s, o a r'cj-,'9 S ...-cg . J . »* s *101 U 05 *105 *105 *105
8», o a r ’oy ,’ 9 9 .. reg. J. A J. * i07*a 107 *X07 *107% *107
48, (Cher.)1896.reg. March. •urn * io o * io o *100 '1 0 0
4s, (Cher.) 1897. reg. M arch. *100 *100 *100 *100 *100
is, (Cbor.)189S.re«. March. • ioo n o o
-io o
*100 *100
4», (Cher.) 1899.reg. M arch. *100 *100 *100 *100 *J00
* This la the price old at the morainic Hoard, no sate was made.
* 95
*103
‘ 109%
n i?
117%
*112%
*112%
*102
*105
*107
*100
*100
noo
*100
The Money Market and Financial Situation.—The effect
of a satisfactory balance in the Government Treasury has
been apparent this week in the investment markets. A few
weeks ago when the gold reserve was below $80,001,000 and
growing smaller, the favorable reports of railway earnings
were scarcely noticed, the money market was stagnant, and
abnormally high rates o f interest prevailed. Now railway
earnings and prospective dividends are a potent factor in de
United .States Sab-Treasury.—'The following table shov 9
termining the value o f railway bonds and stocks and time receipts and payments at the Sub-Treasury.
money is freely offered at reasonable rates.
Dai m eet.
The fact that the markets both at home and abroad have Dale. ] lieetipls.
Payments.
Coin.
Coin Cert's. Ourrenet/.
been so little affectei by such a shock as the default o f the
t
*
Baltimore & Ohio company is further evidence o f their Feb. 29: S,940,S53 3,104,568 133,422.874 4,096,792 I 88,686,847
strength and the confidence which generally prevails in Mar. 2'! 2,934.897, . ,*16,40 1 123,991,7 U 4,023,713 89.U7.377
2.921.289 124,140,067 3,835,123 89,034,0)9
*
* 3! 2,800.027
financial circles.
* 4 2,718,107 1,790,805 123,999,313 3,940,717 89,994,810
*
• 5 4,032,860, 6,001,572 124.031.996 3.891,217 89,612,875
•
The Cuban resolutions in Congress do not seem to be regarded
* 6 4,535,221 4,109,657 124.569,222 3,711,780 89,713,690
‘
in Wall Street as likely to produce a very unfavorable effect
T ot*! 2l,5 -i».9 «5 l 19.3U .300
upon the market value o f our investment securities, it is gen
Coins.— Following are current quotations in gold for
erally believed that the President will take no hasty action
upon the resolutions. Bailway earnings continue to bean en coins;
93
Fine sliver bars... — 68 » — 09%
couraging feature, showing as they do a considerable percent I Sovereigns. ,..„..$4 86 »*4 92
•Vapoleon* . . . . . . 3 85 » 3
Five francs..........—90 it — 95
I X X K.-iohmark*. 4 70 * 4 so
Mexican Unbars.. —53% a ~ 55
age of increase in traffic, and foreshadowing a large increase
| 25 P e s e ta s .,_____ 4 7 6 • 4 86
»
Do unoonu'otal.. — — » -----of expenditures for betterments, which will be felt in many S oso. Doubloons. 15 55 4J15 75
Peruvian sols......— 48 # — 49%
English silver . .. 4 80 » 4 00
directions. The money market continue* easy and rates are Mex. Doabloons. 15 50 #15 75
Floe gold bars.
steady at about last week’s quotations.
The open market rales for call loans during the week on
stock and bom collaterals have ringed from 3 to 4 per
cent. To-day’s rates on call were 3 to SJ4 per cent. Prime
commercial paper is quoted at
per cent.
The Bank of England weekly statement on Thursday
showed a decrease in bullion o f fl.'M.stU, and the percent
age of reserve to liabilities was 61’31 against fil’dJ hist
week; the discount rate remains unchanged at 2 per cent,
The Bank of France shows a decrease «.f 8,WW,000 francs in
gold and 300,000 francs in silver.
The New York City Clearing-House banks in their statement
of Feb. 39 showed a decrease in the reserve held o f fl,2;K>,fJO0
and a surplus over the required reserve of 1*4,422,1.! ), against
$33,827,000 the previous week.
mm
20
DWcrm'nfmm
| free, w
eek.
1695
MareA 2
*
1894
HttrtK 3.
par # H prom
U. 8. trade dollars — 55 a — 75
State and R a ilroad Bonds.—S tate bonds have been ex
ceptionally dull. Sales at the Board include $3,000 V irg iu ia
fund, debt 2-3a o f HiSH at 61(361%.
The m arket for railroad bonds has been quiet, chiefly be
cause present owners are not anxious to part w ith their hold
ings, and most o f the active issues are quoted higher than
they were last week. Nort hern Pacifies have been by far the
most active and have advanced an average o f about one
point. This m ovem ent Is supposed to foreshadow the early
announcement o f a new plan o f reorganization w ith strong
financial support. The A tchison and R e d in g bonds iiave
also been conspicuous for activity, the form er at advancing
prices. Baltimore & Ohio issues have naturally been the
exceptional feature, and the 5s o f 103.5 have declined from 93%
at the close last week to 83. In addition to the above tile
active list includes Chesapeake & Ohio, Chic. & No, Pacific,
Burlington & Quincy, Louisville & Nashville, Mo. Kansas &
! Texas, Ore. Short Line, Pittsburg & W estern, Southern R y ,,
Texas Sc Pacific and Wabash bonds.
Railroad and Miscellaneous Stocks. —E xcept som e weakI ness on Thors, lay and to day, caused chiefly by profit-taking
sales, the market for railway shares has been generally strong
! this week notw ithstanding the naturally depressing inflti! cnees o f the Baltimore A Ohio receivership and disturbing
Congressional resolutions. Exemptions to this general fea
9
Capital.............. 61,122,704.
l 1.022.700 59,922,700
Barplu*...........
73.017,100
............
72.028.200 73.015,200
Loan* & dme’ii.s. 462,521,900 loc .4,720,100 484.204,400 430,303,400
ClrcuiatloD....... 13.019,eoo ibr. 233.2W) 12.063.500 11,640,000
469,612^00 Dec, 120,400 529,44 >300 531.741.200
% mi&. . . . . . . . . . . 60,404,(4001 Uee.9,*16.«K» 69.592.500 97.526,300 ture are the Baltimore & Ohio, which sold at 13 to-day, and
\
tenders— S6,52l.200jD<!.;.. 616.100 90.572.200 111,167,900 Burlington & Quincy, which has been weak on its disap'
Reserve held____ ! 16,326,200; Dec 4.235,000 160,104,700 208.714.200 ■pointing traffic reports and dividend prospects. The other
Irtgfct.Turner?© *. 122,4(!3,4 5u D. c
30,100 132,1 tO,200 132,935,300 granger stocks have been strong, especially Bt. Paul, w hich
by the earnings gives promise of being restored to the list o f
SnrpXts* remrr# 24,422,tSOlDec 4,201.900 28/54,50.! 75,778.970 I per cen t dividend shares, and show s the confidence w hich
is place 1 in its future by selling this week for the first tim e
fo r e ig n Exchange.—The m arket for foreign exchange lias at higher figures than Burlington & Quincy. The coal stocks
been steady to firm on a limited volume o f business. There on limited sales reflect the prevailing sentiment as there is
is but little demand for bills and the offerings arc light.
no news made public in regard to the ooal business w hich
To-dav's actual rates o f exchange were as follow s; Bankers would cause them to advance. A fter its recent erratic move! meats Manhattan Elevated has settled dow n arid booh steady
sixty days’ sterling, 4 88%@4 87; demand, 4 Vi
4 88<|4, 88%.
§4 $8, cables, : around 106.
The industrial list has been, as usual, evidence o f the spec
ulative rather than the investment temperament. A m eri
can Tobacco has been the principal feature both for activity
March 6.
Sixty Days.
: and heaviness. It declined on reports o f aggressive com peDemand.
’ 'ition and rumors that the com pany had sold .$1,000,000 o f
f’ rime banters' sterling Mil* on London., 4 87% #4 88 !
4 89
|the new preferred stock to m eet its treasury needs. General
rTtaj© wmsmomi&l ....... *
* 66q #4 sttq
........
Oocun.mi;»ry commercial.,” . ,
j Electric was advanced 8 points on manipulation. C hicago
4 86% *4 86 |
............
Paris bankers’ (francs!............. ....... "
5 18.%#5 ISijsiS Kf -:., ,f 167* Gas arid Pacific Muii have each declined over 1 point. A m .
Amsterdam ignudors) boaters, ' ‘1 .7 ," " 3915,** *0 | 40%>40A,r
j Sugar has Hactuated between 113^ and 117»*. U, S. Leather
rranM eriot HreraesKreietamarks) b'fcnr> Bin.* » as I 99%»»5t,
b»_ ■has been relatively steady.
Posted rates of leading bankers are as follow s;
I *o
T H
eT
[ V 6 1 . U L L i.
U H K U W rC L K
NEW YORK STOCK EXCH AN G E— A Q 1 IV E S 7 0 C K S fo r week ending M A R C H 0 , and since
HIGHEST AND LOWEST PRICES.
Saturday,
Feb. 20.
M outlay.
Mar. 2.
Tuesday,
Mar. 3.
1
Wednesday,
I Mar. 4
Thursday,
Mur. 5.
Friday,
Mar. 6.
STOCKS.
jgales of
I the
Week,
IShares.
l f 1890.
Range fo r year 1896.
Lowest.
Highest.
A c tiv e H it . S to ck s.
16*9 167e 16
10=8 A t-Top. % S.Fo, alllustal. paid 14,748 12% Jan. 71 17% Feb. 24
26
26 i ‘ 25% 26%[
Do. pref., when Issued., j 1,875 19*4 Jan. 7 28*8 Feb. 24
7a Feb. 6
% Jan.
400
“ *9
%
*9
*2 Atlantic & P aettio...................
44 Jan. 27
81,211 13 Mar.
15*2 19*4, 13
15*2 Baltimore & O hio..........
1,110 21% Feb. 13 24% Feb. 26
23% 23% 237g 2 3 V B rook ly n Rapid Transit
59*4 Feb. 11
200 52 Jan.
56*4 56*41 557g 56 (Canadian Paeille..........
51% Feb. 10
815 45*2 Jan.
*50
52 ! *50*9 51 jCanada Southern
109 Feb. 5
5,039 94% Jan.
106*9 108*9 105*9 106*9 Central o f Now Jersey.
15% Feb. 15
IOC 14*4 Jan.
*15*4 16*i *15*8 16*4 Central Pacific.............
18*8 Feb. 10
3,549 13 Jan.
16=8 16VC hesapeake ,v Ohio
17
17
20
158 158 jChloago & A lto n ......................
156 156
76
77=8 76% 77*8 Chicago Burlington & Quincy 106,595 71% Jan. 7 81% Feb. 10
42*3 Jan. 10 43 Jan. 18
44 (Chicago £ Eastern Illin ois...
*43
44 ) ‘ 43
100 98 J an, 23 100*2 Mar. 5
Do
pref.
100*9 100*2’ *99 101
77**8 78%; 76% 77*9 Chicago Milwaukee & St.Paul 159,526 6313 Jan. 7 79% Feb. 24
130*4 Mar. 2
2,302 125 J an.
Do
pref.
1297s 130 I 129*2 129%|
105% Feb. 11
4,529 94V Jan.
104 104% 104 104 Chicago & N orthwestern___
147 Mar. 6
120 142 Jan.
147 |
Do
pref.
145 .........1 147
74 7 Feb. 24
s
72
73*8' 71*2 72*4|ChloagoRoek lBland&Pacific 34,101 62 Jail.
42*2 Feb. 24
1,350 31*2 Jan.
41
41*4 Chloago St. Paul Minn. & Om.
*41*4 42
124*2 Feb. 25
250 117 Jan.
Do
pref.
124 120 *124 127
39*2 Feb. 10
3,585 31 Jan.
36*2 36% Cleve. Cluoin. Ohio. & St. L...
*30*2 37
199 89*2 Feb. 27 90*5 Feb. 20
Do
pref.
88*2 88*2 90*8 90*8
350 15 Jan. 7 18=8 Jan. 23
17% 17*2 16*2 16*2 Columbus H ocking Y al.& T ol
60
Do
pref.
*55
60 ) *55
804 119% Jan. 7 129=8 Feb. 11
127*4 127% D elaware & Hudson...............
127*9 128
_
1,567 155V J an. 7 164*2 Jan. 31
162*9 102*9 162*4 162*4 DelawareLackawanna&W est
300 12% Jan. 14 14 Feb. 4
fc
13*2 13=8 “13
14 D enver < Kio G ran de............
6,330 40 Jan. 7 51 Feb. 24
49% 50
48*9 49*8
Do
pref.
25 J an. 15 34% Feb. 24
*31
33 E vansville & Terre H aute___
*31
33
115 109 Mar. 3 111*2 Feb. 14
108 113
108 113 Great Northern, p ref..............
98 Jan. 31
320 89*4 Jan.
96*4 96*4 96*4 9 6 *4fIllinois Central............... ........
950
10*4 Feb. 7
7*4 Jan.
8%
8% (Iow a Central...........................
9*8
9*8
37 Feb. 14
740 25 Jan.
35
35
Do
pref
35
35
22*2 Feb. 5
* 2 0 % 21
225 18 Jan.
fe
20*2 20*2 Lake Erie < Western
75 Feb. 7
*73
75
316 64% Jan.
*73
75
, Do
pref.
150 Feb. 25
732 134% Jan.
148 148 Lake Shore & Mich. Southern.
148 148
80% 80% Ix>ng Island..................
84
137 81*2 Feb. 27 84 Jan. 7
*81
53*4 54*4 52*9 53*2 Louisville % N ashville............ 97,979 39V Jan. 7 55% Feb. 24
500
9%
9%
9=s 9% Loulsv. New Albany & Ohio..
7=s Jan. 8 10*2 Feb. 18
*22
23
*20
23
100 16*2 Jan. 6 24% Feb. 13
Do
pref
5,364 96% Jan. 9 113*2 Feb. 11
105=8 106% 105*8 105*2 Manhattan E levated,consol.
104 106 M etropolitan Traction..........
392 92 Jan. 6 108 Feb. 6
Mloblgan Central....................
94*2 J an. 8 977s Feb. 11
*20 • 21 Minneapolis & St. Louis........
21
310 17 Jan. 8 21% Feb. 21
*20
*19>4 20*3 *19*9 20*9 20=8 20=8
20
20
*79
*80
225 72 Jan. 10 83 Feb. 21
•80
82
81
Do
1st pref.
80
80
80
80*2
80*9 80*2 80
50% 51
520 40 Jan. 7 53 Feb. 26
51
*48
50*2 *49
Do
2d pref.
50*2 50%
50*2 50*3
51
51
*12
1 2 % Missouri Kansas & T exas.......
710 10*2 Jan. 6 13% Feb. 21
12
12
12
12
12*2 12*9 12*2 13
12=8 13
29\* 29% 29% 29%
287g 29*8
Do
pref. 11,538 22 Jan.
31*8 Feb. 25
29*9
28% 29% 28*8 29*a 29
24% Missouri Pacific....................... 23,480 20% Feb.
24*9 25*4 24
26*4 Jan. 2
24%
23
23*9
22 V 23=8 23=8 23% 24
25 J an. 11
24 M obile cfeOhio...........................
21 Jan.
*23
*23
24
* 22*2
22
23%
207
22
23*2 23*9 23*2
*68
85 Nasbv.Cbattanooga&St.Louis
75
*68
75
*68
85
*68
*68
75
85
•68
47
50
47 N ew E ngland...........................
*40
*40
*40
110 45*8 Jan.
51*4 Jan. 28
50
50
*40
50
•40
50
98
99*8 Feb. 10
97*4 98 New Y ork Central & Hudson.
97
98
887 93% Jan.
97
97*2 98
98
98
97% 97%
13
13 New York Chicago & St. Louis
*13
14% *13
*13
15 Jan. 22
14% *13
14%
14
100 11 Jan.
*13
14%
75
*68
*68
*68
•68
75
*68
75
Do
1st pref.
71% Jan. 17 80 Jan. 22
75
75
•67 % 75
*28
*28% 29% *28
30 „
*28
30
30
*28
30
L*28
Do
2d pref.
26 Jan. 17 30 Feb. 24
30
16% 16% 16% 16% -1 5 V 1638 N. Y . L. E. & W*n, allinB’tp d ..
16
16
16*4 15% 16
1,220 13*2 Jan. 7 17% Feb. 20
t 16
'
90
2734
*27*4 .
Do
pref., alllns’tpd.
23 Jan. 10 29 Feb. 20
i s o " 184
182 185
‘ 183 185
181 184 *181 184 *178 182 New \ orkN cw Haven & Hart.
175 Jan. 7 186 Feb. 10
15
15
14=8 147g 14% 14%
15
2,207 12% Jan.
15
157b Jan. 31
14V 14V New York Ontario & Western.
15*4 15
*9% 10
9%
10
*9*3 10
9%
9%
600
9V New York Susq. & W est, new.
8*4 Jan.
l l 7a Jan. 31
10*8
10*8 10
27
26% 27
26
26*2 27
Do
pref.
31*4 Feb. 6
27 *3 27*9 27%
27*9 28
2,900 21*4 Jan.
27*2
2
2 Norfolk & W estern....... ...........
2
2*4 2*a
1%
1% Mar.
1,675
3 Feb. 21
*1*9
2*4
2=8 2=8
2*e *2
6%
*7%
Do
pref.
6% Jan.
7*2
8
8
510
7*2
9*4 Feb. 5
6%
7*9
7*2
8*4
4*3 Northern P acific......................
4
4%
4i4
4*4
4=8
5 J an. 30
4*4
4%
4*9
4=8
5,065
4%
•4*4
2% Jan.
16
16
16%
Do
pref.
9,349 10% Jan,
16*4 17=8 16*2 17*4 16*2 17 „
16*2 16
17% Feb. 28
16%
•12ia 13
*12*3 14 Oregon R 'y & Navigation Co.
12*9 12=8 * 12*2 14
200 10 Feb. 18 16 Jan. 27
6
*0
*6
6 Oregon Sli. Line & Utah North.
•6
*6
*6
0*2
6*2
7
100
8*2 Feb. 24
7*8
6 Mar. 6
7*8
*3
*2%
4
*3
*2%
3 Peoria Decatur & Evansville.
3
3»s
3*9
330
3 7s Feb. 10
2% Jan.
3*4
3*8
3*4
12
12*4 1-2*4 12*4 12%
11 % 12*4 11*2 12*4 12
l i V 12*8 Phila.& Reading Istin st. pd. 11,289 *2% Jan.
15% Jan. 31
*17
18 Pittsburg Cinn. Chic. & St. L.
*16=8 18
*17
18
*16=8 17% *17
17
18
18*2
1478 Jan.
18*4 Feb. 7
58
59
58
’ 58
*58
58
59
59
58
59
Do
pref.
58*2 *58
“ 246 52 Jan.
59 Feb. 27
+
20 K
20
20 Pittsburg & W estern, pref___
20
.... 20 *
197h * ...
17 Jan. 15 20% Jan. 31
•16
18*3 *16
18*4 *16" 18*4 *16 ” 18*2 16
18*4
18*4 Rio Grande W estern...............
16 Feb. 8 18*2 Feb. 10
115*3 116*4 *115*3 116*3 116 116
115% 116*2 116*4 116*4 115*3 116 Romo Watertown & Ogdensb
270 115 Feb. 7 118 Jan. 3
*56
60
*56
60 St. Louis A lt. & Terre Haute
•58
60
60
60
56
60
57 Jan. 29 60*2 Jan. 3
*5
•5
4%
*4%
5
4% ■5 "
5
5%
165
5*4 St. Louis Southwestern.........
5*4
5% Feb. 7
4 Jan. 7
5*4
11 % 11% 12*4 12*4 12*4 1 2 % *11% 12*8
Do
pref.
•11*4 11*2 11*3 12
2,235
9 Jan. 6 13 Feb. 26
*26
28
*26
*25
28 St. Paul & D uluth....................
*26
*25
25
28
28
29
28
27 Feb 20 27*2 Feb. 24
89
90
*88
91
90
*89
91
89
91
91*9 *89
91
Do
pref.
43 90 Feb. 4 91 Feb. 10
110 n o
108 113
108 113
109 113
109 113
St. Paul Minn. & M anitoba
100 110 Jan. 22 115 Jan. 11
19*3 19*9 19=8 19=8 20
19% 20
19*2 19V Southern Pacific C o..........
19*4 19*2 19
1,936 19 Mar. 2 22*4 Jan. 14
9%
9%
9%
9% 10 Southern,voting trust, eertif"
9%
10*4 10*4 10
9=8 9%
10*8
7% Jan.
3,423
11 Feb. 6
30*e 30*9 30% 31*9 31
30*9 31*2 29% 30%
31%
Do pref., votm g trust, cert
30*3 31
18,101 23% Jan.
33*4 Feb. 25
8%
8%
8%
8%
8*4
8%
84
8%
8%
8 7a
8=8
8*2
1,320
9*8 Feb. 25
7*2 Jan.
*30
‘ 30
*30
*30
37
*30
37
37
37
37
*30
*65
*65
75
*65
75
Do
*65
*65
*65
75
75
75
pref.
7%
7%
7 % 76ft
7%
7%
7 78
7%
8%
8%
8V
7V
13,860
3*2 Jan.
9 Feb. 24
*4 >
2 5*4
*4*3
*4*2
*4*4
5%
5
*4*4
5*s
5*4! *4 %
5M
3*8 Jan.
5*2 Feb. 13
7
7
6%
6%
7
0 7a C7*
7
7*3
7*4
OV
«V
1,620
6*8 Jan.
7% Feb. 24
1778 l*a*
Do
17*4 18*6 17% 18*8 16*8 16%, ! 18
18%
17% 18
pref.
8,095 14*2 J an.
19% Feb. 24
11
•11
eling
11
11*3 11V
11*3
11*4 11 *4 11%
11*4 l l ^
11%
17,730 10 Jan.
13*4 Feb. 14
*37
40
40
*37
Do
39
39
37*3 *37
*37
*37
38*2
pref.
34*2 Jan.
40% Feb. 13
‘ 3%
*3 % 4 % *3*2
4*4
*4 ' 4*8
‘ 3*2
4*4
4*8
2 7eJan. 18
4% Feb. 24
I m is c e lla n e o u s S to ck s.
*16
16*3 17
16
16
17
17
17*3 17% 17%
17*2 Am erican Cotton Oil Co.
495, 16 Jan. 20,19 Jan. 27
61*3 02*3 61*3 62
62% 63% 63
63*4 63*2 63*3
62*9'
Do
pref.
1,931! 61*2 Feb.
29 69 Feb. 11
111 1158ft 113*3 116
115*3 116*3 115V 117*8 116*4 117%
155,796 97 Jan. 7 1 1 8 % Feb. 28
101*4 1 0 1 * 101*4 101% IOH3 102
101% 101% 101*3 101%
1,849 95 Jail. 6 102*2 - ‘ 26
-------- Feb.
78% 79*.| 77% 7 9 7b 70
77% 76
77
78
. 241,827 73% Mar. 6; 84*2 Jan. 4
102»« 102% 102 102 *101*3 302
100*8 101*3
1,065 100*8 Jan. 7 1 0 3 Feb. 13
66% 67%
66*4 '17% 67*8 67%
67*4 67% 66*4 67
19,525 62 Jan. 7 70 Feb. 25
157*2 158
157 157*3 x l5 0 L50
155*4 155*4 156
L56
1,545 143 Jan. 7;16178 Feb. 10
17
17*3 1 7 *
176ft 17*4 17V
177 18
a
17*3 18
10,746 14% Jan. 7 : 19% Feb. 10
30% 31*2 30%, 31*3 31% 32%
32% 33V
32V 34*4
33,241 22 Jan. 6 34% Mar. 5
*62*3 70
*62*3 70
*62*3 70
*65
70
*65
72 j
65 IIllinois Steel Co
130, 62 Jan. 23! 70 Feb. 14
24 7* 25*4 24*4 24%
24 *3 24*s 24
24
24 V 24
23*2 23% National Lead Co
2,740; 23 Jan. 6 28*2 Feb. 10
86
87% 87% 87% •86*3 87% 87
87 I *85
87*2 *85 87*2!
Do
pref.
177; 82% Jan.
8 9 4 Feb. 14
5*0
5*4
5*4
5*3
5*2
5*3
5*3
5%1
5*2
5*4 5% North Am erican C o............
5%
4,355
4 Jan.
6 4 Feb. 24
27*3 28*4 20*3 27*3 27%, 27% 27*3 28 | 27*4 28% 26% 27% Pacific M ail..............................
10,458, 22% Jan.
31 Feb. IQ
*125
•120
*126*3
•120*3
*125
T 25 .........Pipe Line Certificates...............
L0O
00 ?•155
60 *155 160 i 157 160
150
156
Pullman Palace Car Companv
3,148 Jan.
4 6 4 Feb. 11
*68*4 68% 1 •68*4 087* 68% 08%. 68 7s 68V *68*% 08 V 160 100 Stiver Bullion Certificates___
*09*4 687s
Jan.
70 Fell. 24
20% 30*4 29% 30*4! 30*4 31*4 29% 30*4 Tennessee Coal Iron & R R ... 22,000 , 67% Jan.
30*2 31*a 27*4 3 0 ^
18,748 23
34% Feb. 10
— : ............. I
Do
prof.
51-,
5*8
*5
5*3
5%,
5 % “ 5%
5%i
5*4
5%
5*4lU.S.Cord.Co.,tr.rec.all ine.pd.
2,150
4*2 Jan.
63s Feb. 7
10*3 10*2* 10
10% *10
10%
10*3 10*3 ‘ 10*4 11
*10*4 11
Pref., tr. reo. all Ins. pd.
500
9 Jan.
12% Feb. 7
9*2 9*3
10 1 10
10 | 9 %
9*2
9 % 10
9V
*9*2 10 United States Leather Uo.......
550
9 Jan.
l i V Feb. 8
60
62 I 00
62
61*3 61%
50V 62 | 60*4 61*s! 60*8 007g
Do
pref. 39,907 56*2 Jan.
69*8 Feb. 14
*27
28*4 26% 27*3 24*3 20% 25*3 26 1 24*3 2 5 V 22*2 25 United States Rubber Ct>.......
0,196, 22*2 Mar.
29 Jan. 13
827» 84*4! 82
84 1 835ft 84*21 84*4 84 V 1 84% 84 Vl 84
8 ! % W estern Union Telegraph___
87% Feb. 10
‘ These are bid and asked no sale made.
Lowost Is ox-dividend.
E x rights.
1 Before payment of any Instalment.
103ft 15% 16%
16
25%
25*11 25 % 23
*«H
*%
%
%
> 168i 20
21 ® 27 4
ft
23% 23%
24*4 24 ^
57
•56
*55*4 56%
50
5t»Vi 49% 50*4
100% 106% 105% 106%
‘ 15
15
*15
16
16*9 16s* 16*4 16%
-155 160
155 160
77% 78%
77
78
•43
46
*43
47*9
*08 101
•98 101
75% 76*2 75
77
180 130
129% 130*4
103 >i 103% 103 104*4
145
•145
72*9
71% 72*9 71
41
41*4
40
40
•121 124 •123 124
36
36*2 36%
36*6
90
90*6
•88*9 00
•16*9 17*2 16*9 17*9
55
60
•55
60
120% 127*4 126*9 126*9
160% 160% 160% 160%
13
13
•13
14
47% 19
47*9 48%
*31
33
*31
33
110 113
•110 113
•95*9 97*1 95*4 95*4
9*9
9*4 9*9
9*9
34*9 35
37
•35
21»s
20*6 20%
♦20
74% 75
•721 75
147 147*4
*147*9 149
80*9 80*9
*81*9 84
51% 53% 51*9 53
•9*9 10
k *9*9 9%
•28
23
5 23
23
105% 106% 105*8 106
105 105
103*9 103*9
16=8 16%
16% 16%
•25% 26 i 26*4 26*9
%l
* *9
%
**9
17% 18%
18% 19%
23% 23%
23% 23%
♦54% 55*4 *55*4 56*4
*49% 50%
50
50
106 106*4 107 108
15
16
*15
10
*16*9 17
16=8 17
*156 160 '155 160
76*4 77% 75=8 7 6 7
s
‘ 43
44
*43
44
*98 101
*98 101
76% 77*4 77=8 78=8
129% 130
130 130
104*4 104*2
103% 104
145 .......
145
71*9 72%
72*« 73*e
•40
41*4 41*4 41*4
123 124
124 124
36
36*9 30*2 37%
“97*4 98*4 89*9 89*9
*16
17% *17
18
*55
60
*56
60
127 127
128 128*4
160% 160% 161*9 162*9
•13
13*9 *13
14
18% 49% 49=8 50
*31
33
*31
33
109 109
108 113
95
97
*90
98
8%
9*4
9
9*4
35
34% 35
35
*20
21
•20
21
74*q 74*o
74*4 74%
147% 147*fi 149*8 149*8
*81
84
'81*9 84
52*8 53*8 53*9 54*4
*9*2 10
‘ 9*9 10
*22
23
'2 0
24
105*4 105% 105*9 105%
105 105 *104*9 100
LHE
M rch ?. 1 9 J
a
88
NEW Y O R K STOCK. S S C H i S O B
P R I C E D C G o n C ia a a ilJ —i i V '4 0 i ’ / ‘ P
7® tSTOOKH.
March 6.
f Indicate* unlisted.
Bid.
R a ilr o a d S to ck a .
Albany A rtasquehanna....... ...1 0 0 1175
10
aim A rb or............................— 100
25
Preferred........... ....................... 100
Balt. A 0 . 3. W. pref., n e w ....... 100
Belleville A South. 111. p ref...... 100 . . . . . .
Boston A H. Y. A ir Line p r e f..100 104
Brooklyn Elevated f ................. 100
15
13
Buffalo' Rochester A Pittsburg. 100
Preferred..................................100 . . . . ..
70
Bari. Cedar Rapids A Nor.........100
50R
Cit s. Loraia A Wheel, p ref.......100
Cleveland A P ittsbarg.............. SO 160
Lies Mom©* & Foi i D odge........ 100
7
45
preferred................................... 100
5
ja la th So. Shore A A llan tio 1 .1 0 0
n
Preferred A.......... .....................100
50
Evansville A Terre H. p re f.......50
r u m A Pere Marquette............. 100 . . . . . .
preferred___ _____ __________ 100
a t . Bay Win. A St. P. tr.r e o — 100
Preferred trust recta............. 100
Houston A T exas C e n t r a ,____100
Illinois Central leased Hues— 100
Kanawha A M ichigan................100
7
Keokuk A Oea M oines...............100
:3 »,
16
Preferred...................................10J
Louitv. Bt. Louis A T exas.........100 . . . . . .
Mexican Cebtral.......... ............. 100
ll» s
Mexican National tr. o t fs — ..1 0 0
l ‘t
Morris A E ssex................. ......... 50
New Jersey A N . V.....................1QO
Preferred..................................100 ____
S Y, Lack. A W estern..............UK)
60
Norfolk A S outhern....................190
Ohio Southern............................
5
a
Peoria A Eastern....................-..C O
Rensselaer A Saratov*................ ot> 183
RIO Grande A esterc pref___ _ 100 (411,
Range (tale*) in 1896,
Lowest.
Ask.
. . . . .. 175
12
23
140
106
16
16
55
80
51
447
c h r o n ic l e
9
24
7
131>s
10
....
....
Jan.
15
41% Jan.
Jaa.
5% ja m
53
157
8
....
. . . . . . 155
53
6
14
56
........
....
ih
11%
46
13
40
. . . . ..
Jam
Jam
Jam
Feb.
Jan.
Jan*
Feb.
Feb.
Feb.
Feb.
....
12 Feb.
2H Feb.
166% Feb.
120
-m
y-
» t»rt<* F rid a y ; latest price this week.
..- .
83 Jan,
2h Jaa.
8 Jan.
3*4 Mar.
18 Feb.
.. . .
.....
____
....
____ 1151, Jan.
3
182
39
Jan.
Jan.
Feb.
tf, f
.. . .
85 Jan.
271* 2 5 Jan.
8 Jam
9*9
2 Jan.
17N IT 's Feb.
....
■
J
9 Jam
I t’s
2
1 Jam
__
1621, Jan.
sir.....
Feb,
6
U k
50
18
43
.. . .
70
15
0
....
....
Jan.
Feb.
J»"
»...
....
Jan.
5«s Feb.
182 Feb.
461* Feb.
Range (sales) in 1890.
March 8.
Xh a c t t v b St o c k s .
Highest.
Mar. 175 Mar.
Jan,
I t ‘4 Feb,
29% Feb.
Jaa.
Feb.
Jam 1311, Jan.
I n d ic a te s a c t u a l s a les . )
Bid.
9 Indicates unlisted.
A sk
Highest
Lowest.
M ls te U a n e o u s S to c k s .
Adam s E x p r e s s ...........................100 147 150 146 dan. 150% Feb.
41
421s
Am erican Bank N ote Co f l ............
Amerioan E x press...................... 100 '112
110 " j a m 115 " j a n ,
Aui. Spirit Mfk. Co (when issued) Y
Preferred (when issu6d)li............
95
Amer. Telegraph A C a b le .___ 100
91 Jan.
91
95 " F e b .
50
Bay State Gas 11........
22Q Jan.
18V Feb.
:Brunsw ick Com pany.................. 100
Q Fab,
Q Feb.
IQ
95% Feb.
i lilr. Juno. B y. A Stock Y a rd s.100
96Q Feb.
(Colorado Coal & Iron D e v «l...lO 0
2>s ’ ’3Q
2Q Jan.
4Q Jan.
Colorado Fuel A Ir o n ....... ........100 J30
34 Q Feb.
23% Jan.
P referred ...................................100
95
9S Feb.
94>8 Feb.
Columbus A H ocking C oa l....... 100
4Q Mar.
14 >9 4Q
I Q Jan.
Commercial C able....................... 100 153
35
30 Mar. 30 " l i a r .
(Consol. Coal o f M aryla n d ... . . . l o o
30
Detroit Gas.................................. 50
Edison Elec. 111. o f N. Y ............100 S95
9 6 Q Feb.
89 ja m
(Edison Elec. XU. o f B ro o k ly n .. 100
•
Erie Telegraph A Telephone ..1 0 0
62Q ja m
61
60 Q Jan.
60
(Interior Conduit A In s....... ....1 0 0
35 Feb.
35 Feb.
27 Q 1SQ Jan.
Laclede Gas............................. ...1 0 0 i s r
28 .Mar.
82
( P referred................................... 100 80
78 Feb.
82Q Feb.
60
Maryland Coal, p r e f ...................100 50
M!enixan-Pen!nsalar Car C o.. .100
Preferred.................................1 0 0
59 Q Feb.
60 Feb,
70
Minnesota I r o n .......................-.1 0 0
53 Jan.
72 Feb.
10
20
National Linseed Oil C o............100
16 Feb.
20Q Jam
9
National Starch Mfg. C o........... 100
4 V Jan.
6Q Feb.
5
6
Ne w Central Coal......................... 100
8 Feb,
8H
8 7a Feb.
8 Jan.
Ontario Silver M ining................ 100 113
13 Feb.
2
2 Mar.
(Oregon Itnprov’ t Co. tr. n e t s .. 100
4Q Jam
" 3 “i
.....
Pennsylvania C oal...........
50
2 Jan.
Quicksilver .M ining.................... 100 * 2 U \
2 ja m
15 Q
100
P referred ..........................
ft ja n .
7 Feb.
i e i w r»-;U!o Land T ru st........ 100
17 Jan.
24% Feb. *
V. 8. Cordage, guar., tr. eertfs.100
45 Feb.
42
0 . 8, E xpress........................ ....1 0 0
38 J an.
46
83 Jan.
89 Jan.
(IT. 8. Knlrtwr t>referred.............. 100 183
97 Jan. 101 Feb.
W ells. P srvo E x p r e s s ............... 100: 95 lOO*
I A ctual sales.
NEW YOKM STOCK EXCHANGE PB1C ES.— S T A T E BONDS M AR C H « .
at< U RlTIiiB.
Bid.
AilM.
f 100 %
; io i
i .......
New York eity
February 29. 1896.
BAXSt. '
(00» omitted.)
i : :::::
1 98% ioo
H ank
Bid.
___
___
___
....
.....
S ta te m e n t
fo r
th e
Q apttai S w ep t', L oa n s.
L eg a l*
Ban* of Sew York.. *£,003,0
i *11.870.(1
Manhattan Co......... 2.050.0 2,073,9 ----------- t.Wf.O
“ ............. ..
" 13.242.0,
h si',3.1 1,170,8
W&T
MsrehanW......... . . . 2.000.0
7.818.0
987(0
M haales’ . . . . . . . . . . 2,000,0 l a o i h
.ee.
i.'ii-.S
1,500. U a.m .,4 U.
Qitr...................
fr a S e » m e o '«.....
1.090.0
i M q.o
750,0
iterolMafs* Exth'jr*; 600,0,
SaBatla N tllsaa l... 1*000,Of
300,0
Batclxsr»'*Drever»”
Mechanic*' a Trail's
Srwmwicb . . . . . . . . . .
heather Maaatacre300,0
•etenth Mattoaai...:
g u n o ! N ew York ,
k n s n e u Kxehan ge
O&mmm-m.
i
a ro tw lw a r.......
MApcajiIu ®
...
.........— .......
«* j> a b U c...... . . . . . .
C»i*«ham.......... . . . . .
P w p le’ * ---------North A.ra«rte»
Bmnarw . . . ------. . . j
IfTlOg.
............;
Cfttuea'* .............
------. . . . . . . . .
$c T u ttim ...
BUS#: & tMWbhtn . .....
Odra MxciMMig*
Coatia cmm i . . . . « * , .
QnmitM: ................. .
.. . . . . . . . . . . .
w eek
e n d in g
5,*/j0, o:
i& m M
1 . 000.0
4.22. 7 .
1,500.0
450.©;-
200.0
700,0
1.000.0
500,0-:
800.0
500,0’
750,0
1,000,0
1.000.0
1, 000.0
300,0
i . i 00,0:
2,000.0
432,0
3,207,7
72,4
4.135.0
321.0
21.504.7 10,782.0
1.075 4
I- - ,
23,043,8
104,5; 3,010.7;
740
5,007/1;
M m s
: * ,7\
IK il
1,4 00. i 1
165,.0
33*V»
#30,7
141, 2
47*L0:- M O M !
I 05. 3! 1,077. i I %76t
M
€m ,4
3,375,1’
30,
1,344,3 *4.183,0
481.0
3^ 7 0 , l t
1/23-•*ii
ijm .n
3.803.4
',4:
1,0
#04,0
0.744.0
2.000,4
470,2
4451,0
96,1,7!
1*62 J j :
orn. 1
5.803-,OHi.S'
831,8
U 'M t i
821;/i
SO7,8; 6.445,0.
/
30l 1 2 =
1,087.0 12.63A0 3,131-.0
M2..5
3,047*0;
.3!
40t.8
8,011.2’
42*ir
285,5
2,427W?
13*u ;
848.71 3,t4 » ,0
3314,3
4|/J; 2,010/240«5"2
1 .:i s m
7J00.# 1/211r 2
201.5
4*731.0
LOi
413,2’ 1,000.0,
SMkO
1O
i
3,087,0i liM>3?.f
2*721f,2;
8*21 M
,2
1
Ask,
85
87
Tennessee—6s. o ld .........1892-1898
6». new b o n d s ____ .1892-8-1900
do
new series.............. 1914
Com prom ise, 3-4-5 6 s ....... 1912
3 s ............................................... 1913
Redem ption 4a.......................1907
do
4 Q s................... 1913
Penitentiary * % » ........
1913
Virginia funded debt. 2 - 3 s ...1991
6s, deferred t'st reo t*. s u m tied
Consolidated 4 «...........
1910'. 103
8s.............................................. 1919 121
Booth Carolina—4 Qs, 20-40. .1933 108
as.p o n -fo n d ..........................1888:
Q
We omit two ciphers (flgj in all eases.
Bid.
SECURITIES.
Ask,
Special tax. Class 1......................1 ___
7». Arkansas C entral RR .
*
Louisiana—7 s ,c o n * ............ .*31
Bumped as— ...____ ....
SECURITIES,
Missouri—Fund _______ 1894-1895;
North Carotin*—6s, o ld .......... JA J
fu n d in g act ...........
1900;
New hot.Is, J A J ........ 1892-1898,
Chatham S R ...........................
108
! 108
Alabama—Class A , * to 5 .
Class B, 5 s ......................
Class C. 4s..................
ix T *
61
61Q
New York City, Boo ton and Philadelphia Banks:
(M p U'AI h i \
Surptm. \ Loam,
184,139k
134.139,3
m ,is # .s
194.139n
134,139,8
447.f 42.7
448.431.8
451.7*3.1
457.7J5.8
402.521.9
SsmU. \ Le®aU.
78.845,9
77,500,5'.
70,358.4
53.930,9
00.304.U
89.351.8 159.958.0 9,938.0
89.351.8 158.744,0- 8,849.0'
89.351.8 158,302,0: 8.573.0
35.383.0 10.1.777.0
35.283.0 106,138,9:
35.283.0 S04.9«i2,0:
• iVi amU torn iipfctm in
85,389,3
81,874,5
89.718,7
87.139,3
88,521.2
ihu*
490,447,2 13,^99,0
492,771,9.13,445,8
498,032,9 l3,20ti,4
*89,782,0 13,386,4
489.612,2 13,619,6
4,789.0 133,829.0
6,170,0 133.074.0
5,283,0 131.851,0
27.251,0
37,169.7
38.07 LO
<f«ll»it£» th# 5
Uaa * 4 m la other feuDr*.”
*
nepo$tt,.4 (Hrc’t'n. Cltaringr.
506.420.8
568.773,3
555.730.5
524.828.8
627.360.6
9,098.0
9,038,0
9,402,0 87,070,1
101,939,0 6,336,0
101,045,0! B.387,0
101.290,0 8,335,0
58,578,3
52,602,8
84,394,5
t laoiadiag for Boston And PhU».
Mh$€eii&rt0 Oft8 and Unlisted Bond*
4.®70, i li.SE
MI)M 3«U*r»#»«* B o n d *
>
4llAC#II»i*e»ii« Sottda. t
334, 0 4,05:
^ jjjManhAt. B©aoh H. «t, 1*. k - 4 «. . . . . . .
1,305, 3: 0,8404 f* Biw Iob Ua. tern & .cert*., stmt
€ol.t.g.,Sfl . . . . .
Metropol, T©1. T e l
. . ... .
487. 5- 3,01<8 rt j b. J UB.& S.
Mlcli.-Okouji. Car I h i Sh.
; ......
Oftl. 0 . <fc-1, D«y«L go* ft*.. . . . {
1,000 g! 10.05
4*©a. 8 * ... ... .:
MatUAl D a lo n T e l«g .—0a if*. . . . . . .
SOO, i
it * ! O otorido Faai—
1
GoL A H ocg. Oo»I. A 1.—8*. g. .. 11 Y. & N. J Telep. gen. 6b. 4 . . . . . .
,
Ns
86ft 71 2sSj
OaiuuOMl COeXJ&ttt—1*6 g B J i : 8 4 * 6 4 /.Northwestern TelegrAph—7e.| 113 b.
08«, 0
95 b-H'Pm pW s 0 M < C. ( l i t g. 0«. 108 b.
«
Consol. O m I « wbt. 8 ».
&
4.584,
10,0
Co., Chicago
i 2d g. 6s. iO.ltjb.
801,
f 7?11,0 Del* (ia#can- l e i S * _________ _ 73
----- ------; 102 b.
isteoms. g.
21#. 0
if, s E4i»<*0 E lec. IU. 0 0 ,—Ini S« .; 100 b.
_
I*t-caneoL, gold, 5 # . . . . , . . . . . 103 *0 . PIaas. V alle/ Coal - 1st g. 8s.j _
017. 7 ;
of- iikiyn., 1 *t 5 * .....: 109 *94i':SfundAF Oreok Coal 1st g 6s,. 100 b.
00t», 7
4.01
0 , 8’ . LeAthor—S. f.deb.,g.,0s l i i l e ,
423, 7': 3.013.5 h q a it 0p*jL, N . If*, w s t . g, 6 * .:
jj
Wokto.ra (JriSot! Teleg.—/« . .
. ..
8.4*11/* 1 EoaiOftblc 0 , A
0
Henderson Bridge— l i t g. 8».; III b.y
ji
-l~4i4
tin listed B onds.
.
i,7>10.0 nsinole Bt-eci deli. 5 * . . . . . . . . . . j
}|Aaa,.Si»int 5lfg.,t«t,w!»«jn Iss |
Kon-ccnT, deb- s * .__________;
>3,047;
6 b.
10,0 j lot*
4, & fa**deb.
!
0,7 i t ,
- Is Comstock T un nel—I no 4 a . .*
144*5 1M i s .
sum Wfcm.
!%&rih KMionaL*.. 3*W0,0' 2,105,3
2,1-32,3;; 10,4.35,0
Sfor*^-'wl ‘ * indlCAfc#* price 5M .* *a** p rice mkt4 * t»atoat price ib is ? h k
470,4: ».H:.‘4,0
KAlionaL.-J
457,0:
M
NmtioQAl .. i $$v:
J405,y ef 131,0 1
852,0:
Bank 8 took Uist—Latent prices thin week, (*Not listed,)
3S4s7i
354,4
450.3
?m ,$
Jffath Kbltoaftl****.!
.. 404.6 3.572,0 j
500*0. 7,121,0] 2 t 45%0'! U40.4
Fir*s& 5*mUwtaal
.,
Bid. | 4«k.. i) BAJNXB. 1 Bid. |ABM !( HA NMM. i Bid*
.
1.000,0
202, li
*771*3
|
U W i
■
1.
‘ .
72,7
/42 5 S
...... ',N Y.Nat. Fai 100
t o . MtA* Mmmrnmm\ mmM
140,1
2141.6 1.4* 2.3 i kmeapiba ,..**• 300 1330
U ftl
250.0
571,1
H
2.0 i 8.0 i
\IH Exofe.., 170 ;175 . Oeraiaft Am.. U2 ■
.
’
; .vintb......... 'lift jiao*’
i wrnmfm ......tv
.:
Bowery*..., 7.‘i J
Hv* Yotk County-.*; 300.0
il&0tahn K t. *{350 f ......; 19tb Ward.,. i125
437,9 2,736.21
\ M America..{126 ! i $q“
\ .
27S,2. 2.715,0'
jadway-... 237 1
242 i
.|/80 1
190 HOtlrutal t t - a y 215
&bAm HulleeaM m ,
^m e.
U»ft$94 1,554.3
’f / U 8 li4T % i{t>r0caw icb...1 7 6 1
t
■
4
|
.1160
1,084.4'’
/3 1 0 1320 ■F *43100
7 397,0 ' ii«a4l«l
t*OI5<0
ooo,o
20a, o
■Fark,.,
2,000.0;
S..H0.9 j O’feaAft.........4 5 0 ! . . . . . {j .Hod. ft!y o r..,1150 | .. .
.127H j2 70
047.0 2,711.#;
545 ! People's ..
ymftttMLis*w .w w 1
w w.
404,2
3/458,7 1 O-IJAilWIias..
1
[l.tt.<8Tta4#
*
P h en li...... xbt iio M
Cf«li#d 8W
i$*%„*.„»,.
| s<»i0f9 1 C b d a i«»t . .. [4000 .4350 {tlirU o r....-a s,{135 ’ J42
*
•O kO
O I #1*9.5,; 4eW»'3i 1.01/,ft
#04,0
M
If* i m
705*1
f183 {Fmd, Nx.*. l u »
1,080/2; a 902.4 S 01 ty ........ »{4S0 L„ j 1
M H M ... 4*w *
.
‘
4741'
.
4,117,5!
__ .-iiL la e d in . . . . . . .1080 I.. . . . !RejmblSc.. .. '150 }lo 5
_
,..1 3 0
Wiflh K*tioiiAi . . . . .
$12,1
!Bekbna'"J ... . 167 i— *..
[215 fjM aabattan . 204
495.01 1,882,7 j 00lO.IB.Mik..
207*f;
300,
TSf.O 4.31S*. 4,
425
jieoo"d
... . 1
BmHi 0 W - Mmrjm*
m
Combs©
{202 I;Market# 3aI
20d,
Wm%
no
SeTcntb.
Median left’ -J 185 1»5
311,3
\O tStlBO tal 30 •
C
B
.....
'W i M & T t y \ 15-9 150 ;tJhooA Ce’tl (I 94 100
§9M>
235,6- 0,423,0
#1001,0 ) 6 o m K tcfe ,./ 2 8 6
Stxtli Sf ktt* oxi....... .
1.802,0
197.0
! 100 140
E lver. .(138 141) ! Mornantiio -.; 175 ) 185 ISouth© rn
271SW m%srn Mmtimrad. ‘ :
2% : 9,823.42r2
347,2, 2 141,2 j 9.890.0 1 U th W ard,..
i;.ivterch - ,it#’ ., f134 136 iHtmmt m. y .108 112
i
ilrist M»t.
»
'•
M)€M)
s m ,7 : 5.220,0'
106
850,8
jThird.
0.3102,0 | .With A m . . . , \ m m '3225 : Mrifoh’ U
110 |
'§24 A
SsKI fi: 1,048.3 j: Fifth*.
i 500.0
‘ wT
$m ,i
Tradcsm'nh I m
2,1 *8S
9(
44/5
}415 14-40
,{250 ’275 i
sl. loe Basie,...;
a
.
; Union Sq.*. ,190
4:19,9; 8,920,8-:
585.4
1
1,473.0
7. m s ! First. . . . . . . . .2 7 5 0
: m i . M o rrla .. i
154 5 ; I.#884,4;
IM W W Mm* MamkJ
I190 10a*'
20. O
s
iUnioji....... I
495,5
1,932,5 i: V M f t f " 8 . t..1100
ii'NM*am........ | 1,000,0
2m % 2,885,4'
497,3!
jlin’d 8takx 176
{1tO
878.01' 2,549.4 i 14th Street. M 70
237% jWestern ,,
i Fourth. . . . - 8 8 i t pit
Mow Y ork . h m
s
.1
73.017,1
02.021^ 60'.3O4.0' 80 521.3 4-5.012.2 1 (lalia iln .-... ..*30O *»*»*.-!II m . Y .C o ’ n trJ
1
iw««t. Side
no
276
THE CHRONICLE.
448
BOSTON ,
t’ U U ,\ O K I jl , r t I V
t y
A c tiv e S to c k s .
f Indicates unlisted.
Saturday,
Feb. 29.
AND
iU L T I M O R E
[V ol . L X II.
STOCK
EXCH ANGES.
s h a r e P r ic e s — n o t P e r C e n tu m P r ic e * .
Monday,
Mur. 2.
Tuesday,
Mar. 3.
16%
16%
Wednesday,
Mar. 4.
16%
16%
Thursday,
Mar. 5.
Friday,
Mar. 6
Sales
o f the
Week,
Shares.
B angs o f sales In 1896,
17
io % ’ l e % T a % ' 16%
E tch T. A 8. l'o)<B es Ion) .1 0 0
Atlantic A Puc.
*'
100
17% 17% ' l 9 “ " l 9 “
13% 18%
Baltimore & Ohio (-Sal/.) .100. 22% 25%
Balt. City Paas’get "
2S|
17% 177s ’ i s ” ” 14
17
17
17 s 17%
Baltimore Traction “
25
177g 17%
17% 17% 17% 18
17% 17*a
Baltimore Trfto’ nlHPAiL). 25
213% 213% 213 213%
213% 213%
Boston A Albany (Boston). 100 213% 214
*205 .....
* .......203
205 205
.....................
100 '205 208
Boston A Lowell
169% 169% 169 169%
170 170
100 170 170
Boston A Maine
*11
12
* 10 % .........
100 * 10 % .......
Central o f Maes.
......... 56
* ......... 56 %
100
Preferred
75% 76%
77
77% ” 76% 77%
100 ”77% 78%
O tic. Bur. AQnln,
76% 77
75% 77
76%
77% 78%
Calc. MU. A St. P. (PAjL).IOO 76
8
8
8
8
7%
8
Cbo O. A Q .vot.t.c.
“
50
7%
8
21
24
26
27%
23
24
2 -1 %
OIL St Ry.of Indll
“
100 *22
95
9>
95
95
95% 95%
......... 95%
Fitchburg pref. .(B oston).100
36
36
36
36%
36
36%
36
36Si
Lehigh V alley.. (I'M la.). 50
Maine Central (Boston).100
105 105
105% 103%
M etropol'n Trao.11 (P hil). 100 103% 103% 103 103%
* 1 1 % 1 1 % *11=3 I f
11
11% 11 % 11
Mexican Oent'l (Boston). 100
New England—
*'
lo o
*80
82 u,
*80
81
83
Prefer! e d .........
“
100
69% 69%
69% 69%
69%
Northern CentTal (B a ll.). 50 69% 69%
4%
4*4
4%
4%
4
4%
4%
4%
Northern Paclflo fPA iiajlO O
16%
16% 16=a *16
16% 17%
16% 16%
Preferred
• 100
*
176 176
175% 175% x l75% 176
177
Old Colony....... (Boston) 100 177
e 53% 54
53% 537e 53% 537
P en n sy lv a n ia...(P k ita .). 50 53% 53%
6
a
6iia
6%
FU11. & Readmg.t
“
50 5to,n 6% 51% « |*16
63*8 71
6 8 % 69
71
71%
68 % 68 S
Fhiliulelph Trao.
*
•
50
7%
7%
7%
7%
7 7a 8%
7%
Union Paclflo. ..(B oston ). 100
7%
15% 15%
15% 15%
15% 15%
Union T raction..(P /tiV aj. 50 10 % 10*4
M i s c e ll a n e o u s S to ck :*
27,959 97% J an.
114% 1156s 1 1 3 % l l o 7t 115 116% 116 117% 116% 117% 115% 117
Aln-Suipr Refln.fi (B oston)..
'101% 102
102
1 0 1 % 1 0 1 % 102
511 95 Jan.
101% 1013 101 102
4
101 % 102
P referred........
268 197 Jan,
203 203% 202 203%
100 203 203% 203 203% 203% 203% 2 0 2 . 20 J
Bell Telephone..
77
79*8 77% 78%
75
76%
76% 77% 22,718 65 Jan.
74% 76
25 75% 76%
Best A Montana.
2% Mar.
2%
3
2%
2%
2
*2%
2% 10,370
2%
3%
2% 2U W
25
2%
Butte & Boston,.
308 305
40 295 Jan.
305 305 *305 310
310 310
305 310
25 305 305
Calumet A Heola
....... 67%
70
*65
. (B a lt.).100
Canton Co
2,100 55% Jan.
59*% 5 9 ,
59^3 53
53
58
59% 59%
58
59%
Consolidated Gas
"
100 57% 58
2!
27%
1 ,1 7 1 24 Jan.
28
23% 2 3% 23% 29
28
28
Elee,8tor. Bat’ylHPAiia.) .100 28
27
27
40 25 Jan.
*23% 21%
28% •28%
Preferred If
“
100 28% 28%
60% *60*« 61
60
*60-9 61
179 59% Jan.
6i
*60 s 61
'60% 61
Erie T elephone.(Boston).100 00
32% 33%
3.5 = 6 22% Jan.
>
32% 34
33
33
General Eleetrle.
'*
100 *31% 31% 3 ;% 31% 32% 32%
64
64
63
62
•60
62
62
*62
62
62
62
94 50 Jan.
P referred .........
"
100 *59
*18% 1 9 ^ *18
•18% 19%
19
19
19
6 18 Jan.
18
18
LnnsonStoreSer.
“
50 *18% 19
4 4 ^ 44% 44% 44%
45
45
45
45
45
45
45
*44
268 42 Jan.
LeM’h COal&Nav. (Phila.) 50
90
90
90
*88
90
*88
91)
37 87% Jan.
90
*88
90
N. E. Telephone (Boston). 100 *88
10
10 % 10 %
10
10
10
10 %
10
1 0 % 10 %
2,507
9 .Tan.
10% 10%
P a.U eat,l.A P ow (P A ito.).......
66% 07
66 68
69
68 %. 68 %
63
875 66 Mar.
69
68
UtdtMGasInip.fi
“
50
62
57
57
57
57% 57%
61
587 48 Jan,
62
62%
62
61
Weisbach Light 1
i
“
5 57
*2
*2%
2%
*2 %
2%
*2
2%
2%
2%
*2%
West End Land. .(B oston)___
l% J a n .
2%
*2%
* Bid and asked prices: no sale was made.
1 Trust reoeilp
Inactive Stocks,
Bid,
Ask.
inactive stocks.
Highest,
Lowest.
2,172 12 % Jan. 7 17% Feb. 24.
16% 16%
% Feb. 2 4
% Feb. 24
*%
1
342 13 Mar. 6 44% Jan. 27
13
13%
15% 15%
15 65 Feb, 26 70 Jan. 2
66 % 66 % *66% 67
002 16 Jan. 7 18% Feb. 10
17% 17%
18
13
861 157s Jan. 7 18% Feb. 10
18
18
18
18
253 204 Jan. 7 217 Jan. 28
213% 213% 213 213%
46 202 Jan. 29 206 Feb. 27'
205 2 '6
206 201
171 Feb. 19
100 162 Jan
169 170
169 169
Jan. 31 12 Feb. 4
13
- 1 0 % ____
*11
57
56 Fob. 2H 56 Feb. 28
*55
76% 77% 25,135 72 Jan, 7 8 L% Feb. 1076% 77%
7 6 7s 77% 24,870 64 Jan, 7 79% Feb. 24
77*% 78%
2,730
7 Feb. 26 12% Jan. 2
7 7e 7%
7%
8%
3,438 21 Mar. 3 30 Jan, 2
26% 26% *25% 26-4
59 89 Jan. 20 97 Feb. 10
95
95
95
95
711 __ Jan. 7 38% Jan, 3 0
36% 35%
35% 36
........ 134
Jau. 24 136% Jan. 3
135 137
65» 943 Jan. 7 108% Feb. 6*103% 105
105 1057s
896
« 7 Jan. 6 12% Feb. 24
11 % 1 1 % 11 % 11%
10 45 Jan. 9 51 Jan, 28
45
45
80
BO 80 Jan, 23 85 Jan, 28
80
80
80
Jan. 16 70 Feb. 14
226
*C)% 70
69% 69%
5 Feb, 28
Jan. 8
2,425
4%
4*
4
4%
4%
1,400
Jan. 7 17% Feb. 2817
17
16% 16%
Jan. 6 178 Jan. 16
176 176%
98 1
176 177
Jan. 7 5 4 ^ Feb, 26
53% 5 3 “
53% 54
9,435
Jan. 10 7^i it J&n* 3 0
6
6%
6%
8!%
Jan. 8 72% Feb. 21
6,016
69% 697s
70
70%
1,39 2 3 Jan. 23
8 78 Feb, 24
8
8
7%
8
15,931 10 Jan. 8 16 Mar. 5*
14% 15%
15% 16
16%
Bid, |Ask.
Bonds.
7 11»%
103
2 205
1 81
2 13%
3 310
Feb.
Feb,
Feb.
Feb,
Jan.
Mar.
26
26
11
253L
4
60% Feb.
33 % Jan.
34 Jan.
63 Jan,
6 34 Mar.
8 65 Feb.
7 19% Feb.
10 46 % Feb.
23 90 Feb.
7 14% Jan,
2 8 1 % ,Tan.
8 67 Feb.
2)
2% Feb.
21
31
31
31
519
4
8
10
12
IT
14
20
Bid. Asa
9 { 50
51
People’s Trao. trust certs. 4S..1943
92
92%
96 I 97
J 8115% 116% Perkiomen, 1st ser., 5 s .1918, Q—J 101% __r265% 268
J 8106 107 |Phila. A Erie gen. M. 5g,,1920, A AO 119
97
99
Gen. m o r t .,4 g .......... 1920, A&O 105
2%
O §103 103*s| Phila A Read, new 4 g., 1958, J&J
1%
78
73%
50
D§ 97
98%
1st pref. m oome, 5 g, 1958, Feb 1
31% 32
50
99
0 5 97
2d pref. incom e, 5 g, 1958, Feb. 1
18% 18%,
11
10
A § 93
95
3d pref. income, 5 g , 1958,Feb. 1
16is 17
139 141
Iow a Division 4s.
99
3 § 98
2d, 5s.......................... 1933, A&O
123
240 248
OS 65
70
Consol, m ort. 7 s.........1911, J&D 127%
22
87%
J § 87
Consol, m ort. 6 g .........1911, J&D
........
162%
9 5 65
75
Im provem ents!. 6 g., 1897, A&O 104%
10
12
J * 68
72
Con.M .,5 g.,stamped,1922,M&N 100 i o i
43
35
. 5118 120
Terminal 5s, g ........ 1941, Q.—F. 106 107
50
L 5128 130
___
Phil. Wilm. & Balt., 4 s .1917, A&O 104
*60"
65
Unstamped, 1st, 6s, 1933.
. 5127% 129
Pitts. C. & St. L „ 7 s ....1 9 0 0 , F&A
112
30
75
5 5 68
Rochester Railway, oon. os -.1 930
103
52
S 5 95
98% Schuyl,R.E.Side,lst 5 g.1935, J&D
95
96
17
15
70
S * 65
Union Terminal 1st 5 s ...........F&A
50
60
J 5 1 2 l% 124
A Bonds.—Baltimore.
65
J 690
L. R oek& F t 8 „
95
A tla n ta * Chari., 1st 7s, 1907, J&J 117
118%
‘ es'% 69
) 5105 107
2>uls.,Ev.&St.I
Baltimore Belt, 1st, os.1 990, M&Sf
80
80%
55%
2m., 5—6 g ...
88
0 5 85
Balt. 0. Pass. 1st 5 s___1911, M&N 114%
0 §105 107
Balt. Traction, 1st o s ..1929, MAN 112
85
M exloan CentTal, 4 g .
J 5 69% 70
Extern & impt. 6s___ 1901, MAS l b 2% 10 2 %
6%
6%
1. 22% 23
No. Balt. Div., 5 s....... 1942, J&D 108% 108%.
35
10% 11
Baltimore & Ohio 4 g., 1935, A&O
99 101
N. Y .& N .E n g „
* *119% 120
Pitts. & Conn., 5 g .,..1 9 2 5 , F &A
84
86
3
13l
J *113 113^
Staten Island, 2d, 5 g .1926, J&J
80
69
71
3 5106 107
Bal.&Ohlo 8.W .,lst,4% g.l990, J&J 100 100 %
9%
9
) §........ 16
CapeF.&Y»d.,Ser,A.,6g.l916, J&D
73
75
30% 31
V 5109 110
Series B ., 6 g .— ......1 9 1 6 , J&D
50
68%
68
5 99 101
Series C., 6 g .........,.1 9 1 6 , J&D
40
90 , 90%
Cent. Ohio, 4% g ......... ..1 930, MAS
9 9 1 100%,
s
238% 240
A llegheny Y ah ,7 3 - l f e 181)6,. J .........
Cent. Pass., 1st 5 s ___ 1932, M&N n o
1L2
58
Atlantic City 1st 5s, g., 1919,51 1 105 i o e " City & Sub., 1st 5 s.........1922, J&D 109 ^ 110
25
BelvJdei* Del., le t, 6 s ..1902, J ) 112% ■ ■niim
■
1051a 106
314 Buffalo Ry. oon. 1st, o s .......... 1
2%
1 10*1%
110% 112
3%
4%
i 110 . . . . . .
83
84
___ 20
. 107%
112
112 118
1 81
109 110
MISCELLANEOUS.
2 ......
6s.......... ........................1904, J&J 112
Alton ez Min’g, ass t pdfJtosf on) . 25 •50 1*00
.........
Series A , 5 s . . . „ .........1926, J&J 1131s .........
Atlantic M in in g ......
“
19
25
20
Consol. Tract, of N. .J., Ist,5s.l93;
81
83
4 % s ................. ..1925, A&O
110
Bay State G a s l j..... .
*
*
50
9% 10
Del. & B’d Br’k, 1st, 7 s.l9 0 5 ,F & i
100
105
Boston Land..............
"
4
10
41s E a sto n * Am. lstM .,5s.l92 0,M & l n o
100% lO0%O cten n ial M ining...
“
•75
10 *15
Elmir. & Wilm., 1st, 6 s.l9 1 0 , J&J 118% .........!
92
92%
Fort Wayne E lect.fi..
“
25
1
2
Hestonville M. A F ., eon. 5s,.192, c ....... . n i %
110
Franklin Mining___ _
"
25 14is 15
Hunt. &Br*d Top, Con, 5 s.’95,A&< 107
2d Series, 6s....... .........1911 M&S 112 113
Freiiehin’ n’sB ay L ’d .
1
1
5
1
1% Lehigh Nav. 4 % s......... 1 9 1 4 ,0 —, ■ i n
3d Series, 6 s.............. lD ls , M&S 110 112
IllinptoBtecl..............
“
100 60
65
2d 6s, gold..................1897, J&I 1 105 ^4
4th Series, S-4-5s._...1921, M&H 90
Kearsarge M in in g,...
"
....
"
25
11% 12
General w o rt, 4%s, g ,19 24,Q —I 1031s
5th Series, 5 s----------- 1926, M&S
99 100%
Osceola 'Mining,. . . . . .
*
*
25
2H
27
98% 99
107 107%
Pullman Palace %r.
“
100 158 159
106%
«.
112 113
Pennsylvania s te e l.. (Chita.) . 100 32
rania Si,
33
2d. 7a........
. . . . . . 132i*
1141s 115%
w ilt..............
“
100
7<>
Consol. 6.
......... L25%s
MISCELLANEOUS.
Quincy Mining.......... (Boston). 25 130 131
103 103% : Jaltimore Water 5 s ...1 9 1 6 , MAN 122
122%
Tamarack Mining___
*
•
25 108 110
103
Funding 5s................. 1916, M&N
Water Power.................
" 100
1
1%
Gen. M, 7 s . . . . '
121% 123
Exohange 3% s......... ..1 9 3 0 , J&J 106 M 106%
iYestlngb. Elec. A M._
“
50
28
28% 'ennsylvanla ge
131% . . . . . . Iirgm la (State) 3s, new . 1932, J&J
73
73%..
Pref., cum ulative.
"
50
51%; 52*s
Oonsol. 65, e
119 120
Funded debt, 2-3s........1991, J&.T 61% 61 %
B o n d * —B o s t o n ,
Oonsol. 5s, r ...
jhesapeaEeGas.es
1900, J&D 101% 105*3
At.Top.&S.F.100-yr.4g..l989, J&J *79 |
107% ....... <)o n a o l.G a s ,6 s...„....... 1910, J*Ts
11313 114
2d2%-4e, k.. Class A ..1989, A AO
27 |
123
5 s ------- ----------1939. » * j 1031s lOilfl:
..tori United Gas 1st 5s.. ...
578 i 80 1 Con. 5a..................... ” 1930. ’* * — 111%
—*“*
*• .
Price includes overdue coupons.
1f Unlisted.
) hud accrued interest.
Prices oj March 6.
Atlanta & Charlotte (Balt.). 100
Boston & Providence (Boston). 100
Canwleii A A tlantiopf. (i*At(o.). 50
“
50
Oatawisea..........
1st p referred ...........
“
50
Central Ohio............... (Balt.) 50
Chicago A West Mich. (Boston). 100
Connecticut A P ass..
“
100
Connecticut R iv e r ...
“
100
Consol. T ract.of N .J.1i(PA «a.).l00
Delaware&BoundBr.
*
>
100
Flint A Fere M arq. . .(Boston) .100
Preferred.................
“
100
Hestonville Passeng. (P hila.). 50
Preferred 11.................
“
50
Hunt. A Broad T op ...
“
50
P referred....................
"
50
Kan. G’y F l.8. & Mem .(Boston) .100
P referred ....................
“ 100
Little SohuvlldU.........(Phila.). 50
Mine HU! A-S.Haven
•
*
50
N esqueboningY al. . .
“
50
North American C o..
"
100
8 orth Pennsylvania.
"
50
Oregon Short L in e ...(B oston ). 100
Pennsylvania AN . W. (P hila.). 50
Philadel. A E rie........
“
50
R utlan d...................(B o sto n ). 100
. Prelerred....................
"
100
Sm thern..................... (Balt.) .100
Preferred....................
“
100
West End.....................(Boston). 50
P referred...................
“
50
United Cos. o f N. J .. (Phila.).lOO
West Jersey...................
“
50
West Jersey A Atlan.
“
50
Western SLY. & Penn
“
100
Wisconsin Central...(B oston). 100
Preferred
100
Woro’sLNash.&Boeh.
“
100
M a r ch
7 1 9 .]
, 86
449
THE CHRONICLE.
NEW VORK STOCK. EXCHANGE PRICES (C o n tin u e d )-A C T IV E BONDS M A R C H 6 AN D DOR Y E A R 1896.
Rur.noAD AST)
M iscellaneous B ojtds.
Infs'. °& *& 0 Ran^ (sates> in l s 9 e *
Period
q
Lowest, j Highest.
R ailroax * and
M1SCEJ.LAXBOIJ3 BONDS.
r,icst
•Period
Range (sales) in 1896.
Lowest.
Highest.
60%
53% J a n.
110 Jan. 111% Jau. M. K. & T ex.—2d, 4s, g .. . . l 9 9 0 F & A
63% F eb.
Amer. Cotton Oil. deb.,Sg. 1000 Q—F n o
70 b. 66 Jan. 1 71% Feb. Mo. Pacs—1 st,o o n .,Og.......1.920 M A .8 109 b. 94% Feb,
97 J an.
Ann A rbor.—1st, 4s, g ------- 1995 « 7-J
34, 7a..................................IbO S M JsJ t
82
108 Jan. 112 Jan.
At.Top.tfe 3.F.—100.yr.,42-1989:J A J I 73*4- f 09% Jan. 3 80% Feb.
3 * 19**4 Jan. 128% Feb.
Prte. o f Mo.— Is*, ex., 4 g .1938 F A A. 101 a. 101 Feb, 102% Jan.
3 -4 -.C i.- A - 1H in .t lil.l'd .’ n:* A * O t 2 6 >
80*a
b.
72% Jan. • .31% Feb.
2d ext, 3 s ................. ...1 9 3 3 J & J 104 ..........
New «n*w 4s, when issued....................
42% Jan.
St, L .4 Ir.M fclstex t., 3S.1897-F & A 100i8b. 100 Feb. 102% Jan.
51% Feb.
Adjustm ent 4», wbeu issued. ........... t 48%
2d, 7 g .............................1897 31 A N 102 b. 100 Jan. 102% Feb.
C o l M idland—Cong., 4 g . 1940 F A A t 23*30. 120 Jan. 127 Feb.
' 40 l). 4 L% Feb. 41% Feb.
Cairo Ark. A Texas, 7g,1897!J A D 101 a. 100% Feb, If 1 Jan,
A ll. & Pae.—Guar. 1-.......1937 ........
97 % Feb. 102 Jan, i
Gen. U'y A land irr.,5g. 1931 A A O 79 b. 78% Star.
B rooklyn Elev. 1st, 6 g — 1924 A .2 O 101%
80% Feb.
05 Feb. 100% Jan s Mobile A Ohio—N ew Og— 1927 J & 1 *118 b. 117 Jau, 119 Feb.
09
*
Union Elevated.—O2 — 1937 M * X
B’klyntY'hrf<feW.lI— n t,5 s , 2.'45 1 A A 100 b. 07 Feb. 100% Feb.
62% Jan.
General m ortgage, t a ...1 9 3 8 AI & S 60%
68% Feb.
'
100 Jan, 109% Feb
N:ish. Cl*. A St.Li— 1st, 7 s ., 1913 J * J 127 b. 127 Feb. 127% Mar,
Canada Southern.—1st,os.U h H 'J A J 100
Consol., OK........................19 3 A & 0 101
100 Jan. 102 Fob.
2d, 5s.......... .......................I9t 3 M A 3 - 10114a. 104 Jau. 106% Feb.
f 05 a.
93 b J 92 Jan.
S a f i Starch M f v .- U t Os.. 10*20 51 A S
93 Jan.
-Cent.Ga.S.&W 1st eon*.,0» 1929
100 b 109% Feb. 110 Feb. S . V. Central—Debt ext.4s. 1905 M & a 101 %b. 100% Jau. ,103 Feb.
C en tralot X". J .—Cons.;7s, 1899 Q—J
1st. 00111* , 7 s...............1 9 0 3 J A J 119 !>. 118 Jan. 120 Jan.
011
Consol.. 7 s ........................i «02 M A 5 U 0% b. 115% Feb. l i t ! Feb.
i
General m ortgage, 3 g ... 1087 J a J 117 b. U 2 * Jan. 119% Feb. j Deben ,5s*.coup., 1384. .1904 AI & 8 105%b 105% Mar. :109 Feb.
X. Y. A Harlem, 7s. res*.. 1900 SI A N i i 3 7
gb......................
I.elt. A W. 14,,eon.s*,as'd,190O Q—M 103 4. a. 103 S Mar, 106 Feb.
02% Mar
It. tv. A Ogd.. oonsols, 5 s,1922 A A 0 118 b. 116% Jan. 119% Fob.
92% Mar.
•
•
mortgage^#. !i*12 M A N
West Shore, guar., 4s___2 3 6 1 4 A J 105% 104 Jau. 106% Feb.
Am. D o ck A Imp., 5 s — 1921 J A J 114 *1 111% Jan. ,114% Mar,
C entral T actile.-G old . 6*. 1808: J A J 103 b, 99% Jau, ■103% Feb. X. Y. Chip. A Mr, L .— 1 2 ... 1937 A A i.l 104% 102 .Jan. 1
105 Feb.
X. Y. LaeiC. A t V . - l at, 6a.. 1921 .1 A J 130%b. 129 Jan. 133% Feb.
Cbt;s. A Ohio.—Snsr. A, Sg.,1908 A A O •113 b.
118 b.
C onstruction, 3».............. 1923: F A- A 112 b . ......................
M ortgage, 6 g .......... .— 1911 A A O
ls t o o n « o L ,$ g ..................1930 Jt A X 107%b. 104% Jau. 108% Feb. X.Y.L.E .A W .—ls t,c o u ..7 c .l9 2 0 M ,t a 137 a. 135 Jau. 140 B'ch,
74
83% Jau.
76 % Feb. : 2 eonaol.. « g . ................ 7.1989 J A D
7 3 % h .,te0% Jau. 175 Fob.
General 4 % a .g ................1993 A A b
R . A A IM ?., Isteon., 4 2.1989 J A J 95 b. 91% Jan.
D m g D ock , esinsoi, 6 ar.1935 A A O
96 Feb.
*
•
2d c o o ., 4g . .198.* J A J ■ SO a. 82 Feb. i 85% Feb.
Y. N. II. A H.—Con. del., ctfs. A A t) 130 b. 135 Jan. .137 Fel>.
..
Eliz. t e x . A B ig.-C tm /.g 19*12 M A 8 07 b. 93 Jau. 102% Feb. X. Y. o u t. A- W.—R ef. Is, g.1992 M A 8 90%
89% Jan. 93% Feb.
Puiisol,, 1st, 5 s , « .............1939 J A D: 109 b. 107 Jan. 110 Fob.
ClJif. Burl. ,v d —Con. 7s.l».* 3 J A J 117% 113% Jan. 1 IS Feb.
07%h 97% Mar. 1100 ja u ,
li.>b.*nttirf, 5 - .................. 1913 M A X 100 b. 99 Feb, 101 Feb. X.Y.Sus.A W.Is* ref.,5a. r, l!»:*7,J A J
C onvertible 5 ».......... .,..1 9 0 3 M A .8 10*1 *4 100 Jan. 1**1 % Feb.
Midland o f X. J „ Os. g. .1910 A * 0 116 b. 113 Jan. 116% Jan,
93 i». 95 Jau. ; !>3 Jau. S urf.A 5V,—100-year, 5s,g, 1990 J A J
66 b. 60 Jan,
D enver Division 4a........ 19z2 I A A
67 Feb.
91
X"e0 1-uska Kxtom*iori, l*.1927 51 A S
■87% Jaa.
91% F.*b. Xn. PacitUv—1st. conp. iig. 1**21 J A J 117%!*. 113% Jan. 117% Feb.
Han. A st. .Jos....f'ons.tis. I 9 U M A 8: 113 b. 118 Jam 118% Jau.
General, 24, Coup., 6 g . . 1933 A A O 112%
100 Jan. 112% Mar.
Chill. & K, l U . - l - t . s . f. 6s. 1907 J A I* U 4 b. 112 Jau. 111 Jau.
General. 3d, coup ., 6 g ., 1*37 J * D SI
C l Jau. - 82 % Mar.
»>
C onsol 62 ..................
.1934 A A O 183 % 12*3 Jau. 128% Feb.
t'otwol. nsortgagi*. g . I!*R9 J A l* 44%
31% Jan, : 45 Feb.
O*!. iruSt g»W notes, 6s i-d w M A X
87%
7(5% Jau.
Geuerai consol., i s ' 5*.. 1937 M A N 10l% b. 99 Feb. 102 Mar.
89 Feb.
CWr. A N. Fac,. ! « ! , 5 f-..l910 a ,V 111 43
C h icago A Erie,— 1st, 5g 1982 M A K ' I l l %m 10S% Jam 112 Fab,
" 3 7 Jan. 145% Fob.
Incom e.
................ 1082 'ivx. 7 t 31 it. »20 Jan. ; 26 Jan.
Seat, L .8 A F.. l-t.,«u .'6 .l!t:(t F & A I -U% 0 4 0 Jau, .(4 3 % Fch.
•
92 1 . 90 Jam * 93 % Feb. S « . F.m. A Mcmr.—*;,- .
*
I M s M .v S ' ,B
*28 Jan. 136% Fob.
C W o.G a »l..A C .— l*t-,5g. .1037.J A J
*
128% 1 2 3 . J m . 12S Fel*. Vo. PaHil.-Ter. r > - *% .. . 1 9 3 ' J A J 101% b..toil Jan. 105 Mar.
b.
Chif, Mil.A 8i. F - C o n .7 - U*MftJ
* m % b 115 Jau, 1115% F
1st. -ou tn «*~ t tnv.. * * m o o J
j
*.*f>. Ohio * 5Sl»*.—Con.*.L, 7s 18!>« J A J, 102%l>. 103 Jan. 104 Fob.
1158(0. 112% Jau. 115% F.*b. Ohio Santliem—1st. *; g .1 9 2 1 J *
D 93%b .87% Jam
. 94% Feb.
1st, So. Mint,. D ir., Os., m o J
112
G etierii tuortguip'. 4 g .,1921 M ,t- -V1 33 a. 25 Jan.
n t.C h .A PaimW.Dtv.3* .11*21 J
110 Jau. T 1 3 C Feb.
33 Feb.
•107 b. 103% Jau, ! 107*4 Feb, Orogoa r»l*r. C **.-l»4 6 g . . 1010'J A I) 85 b. 82% Feb. ' 91% Jan.
Chle, A Mo. K iv.D tv.,5*.. 1930 J
I l l %r*. 108% Jau. i l l
Feb,
P onw il..» g ...............
tVIs,*. A M:IUt..DlV .5 3 ... 1921 J
1** :i* A v "
■
2.i l*. ' 24% Mur. 30 ~ Jam
na«5*> UM Jan. *ltS% Feb, 'O re.R .* X.tv. C a . - M , <ig 1000 i A J j 111%!*, 105 Jnn. 110 Fob.
Term inal, 3g .................1914 J
a 1 .'. U3 Juft. J 88% Star.
P (m « * l...t » __________
11*25.4 * 1*1*t 96 b. (9 0 Jan. 11)8 Feb.
Geo, 51 . I s ., seriesA ...1 9 8 9 J
116 %b. 115% Feb. 11*1% Fell. IVun. C(>,— ih js t.e o iip ___l » 2 t , ] A Jj 110%. 108% Jau. 112 Feb.
Ji
M.i, A- >'or.--t«i..e>!i..*>« 1013 J
,
Jan. IV**. Dee. A KVaiwe.7-0 g. 1920 J .t J l o o b. 101% Feb. 101% Feb.
■Chin. A X, W .-C on soL , 7* 1915 *1 - F H i t a. 133% Mar. I l l
‘
..1920 M * r 102
Evans Division. * <
3
Coupon. Jb>W, 7 * .---- ,..,19**3 J A I'i. 110 a 118 Fat*. 118 Feb.
24 murtavo. S a ------- ... 192*5 M A X 26
S m itingfund, flu....... ,,..1 9 2 9 ; A a u 113 0. 11'3 J uju, 115 Feb
26 ’ Mar, .31 Fob.
Sioliit.8 fund.
.......... 1929 A A t; lU*%b. 101 jau, llO % Feb. Phil*. A K-#d.—Oen . 1 x . 1959 J A J t 78
71% Jan. 179 % Jan.
31%
bltlhimt fund, deben . ... I' *35 M A 5 111 b. 107% Jau. l ! t % Mar.
1st pf. 111,-., 5 < , 1st. iilst |,il.‘ 5 s .,
18% Jam (3 6 % Jam
2 V reardeb en tu re, b s ..,1 9 0 9 51 A N tM H li. MU Jau, 1«1% Feb.
2-1 j" in-' , ■ . . i ! Ii
. . " s ........... i 19%
5% Jan. 1*22% Jnn.
adpLlU'*.. 5 If.. 1-t lust (Hi.* ,S ........... “f 16%
exten sion . 4 . ..................192*1 F A A 100 b, LOO Jitu. iill Jab.
3% Jan. (2 0 Jnn.
60 %
. A. ,
,
I <! *. . „ J
OMe. ft.f. A P ar.—
«U.o*«Ht lt*i7 J A J la® u.
65 Mur, 77 Jam
4
Kxionahin ttiileoL. 5* , .1 9 3 4 J A J ton > i i » * ii*n”' iio a ” V e t " tCiaGr. W estern—l* t 4 * .1931*:4 A J: 75 Vi. 70 Jan.
77*% Fob.
:> t-> -■ del«tnt«PK, 5 s . ,1021 51 & 7 Ut-4
t
.
10 Fob. (31 7 Jan.
03 Jan. ; 9 7 % f ,.*!> s». J«, * Or.
* tt. 1825;M A S .f 5 "
1
Cr.ie.
T M. -V <*. .*.
1930 J A I* 120 b. 124 Jan. 12*1 Feb. *L L. A .-mu F r .-O g , Cl. B 1 3 0 «M A X 114% U l % Jun. 115 Feb.
79 Jau. t :**.* J a u ..
■— *
~
• “• 114%b. H a Jan, <115% Feb.
Cleveland A Cant****.—V. .1917 J a j t 81
0 if., Class V ...... H>iid M A N
.
G en eral m o rtg a g e . (1 g 1931 J A J *107 b. 101% Jau. <100% B'cb.
C. C, C. A
Ooaabl. 7e. .1911 J A 1* 111 U 119 Jan. 137% Feb,
O mul guar. 1 *. 4............. 1990 A * O
............... ..
General consol., tig ____1934-J A J 122 %b.
<W,,.C .* * t.L .—PeWAF. ,48 1949 A A ■
> 7W *b 79 Feb, j 80 J an. Si L. ,v So, W .- ls t , is. g.D H P M ,v .V 7«% a. 70 Jam
7 « Fob.
19 b. 19% Mur. ! 23 Jam
In*.ottie, I . ...................... 1**90 April
2*1. I-, g . iis io t n .'.......... 19«{*J A J • 29 It. 24% .fan.
32 Fob.
Pol. * ..»;,4 iron —da.......... ISIUO V A A • o i s», 94% Jan, tiOO Jam St.F.M.A M.—D ak.E x ,,0 g 1910 M A X 120 b. 110% Jan. 121% Mar.
i>. 1 1 1 % Jim. 114% Feb,
C-*i. ,v lull 4 Vf. 411. 5s.
1!•:*.* M ,k 8 i n
1st consol., 0 x .............. ,1033'J A J' m
117 Jau. 121 Feb.
101 % Jan. 105% Mar.
83 Jan. i 9 0 Feb.
0*1 ll.v.,1 4: r.»l.-C o*l.„V l * U M Ji 8 3*1*..
“
rsdnoe*Uo 4% g .! J A J
Genera:, 6 2 ................. , U tO iJ A D 38%
87 Jau.
SO Jan. : 88 Jau. i M ontana o*t»n*im », 4 g. liki?;J A D ‘ T s
m
Feb.
a?
D env.m R loG r.— t*«,7*,g. V,m>M .* J*: 118 b. i 10% Jau. 113 Feb. SamAHAA A. F.— !» !. tg..gll.*43 j A j
51% Jau,
59 Feb.
38 Sib.. 83 Jam 7 90% Feb, 8aV. Fin A West —1-t.tJ g.,193 1 A A «.*
1st eonwd,, 4 *................ l*3*t J A J
08 *. 05 Jan. 1 98 Fid*, S*>. Car. A *?a. —1st, * x .. iOlsl M A X 94 %b. 93 Jan.
•
04% Feb.
Dill. so. Sb. ± A l l -85V. ..1937 J * J
04 !>.' s*l Feb, 07 Feb.
F t. W. A r»env. City.—*i« . H*21-J & D t 07 %*, 64 Jau. i 7*1% Feu. So. I'todae, ArU. - 6 g . . , l 9 0 « K )J A J
02
So. Fai-nie. Cut.—6 v. .1903-12 A A '.* U o 0 108% Jam 111. Fob.
93 Jam
G at.K -A san.A n-M A iM E l-i.-V -M ... ,v
91% Jan.
Hen. Kb-.:trie, deb. ■>*. * - U<22 J * 1* 91 a. 83 Jam I 93 % Fish, i 1si COBS0I0 gold. 5 g. ., .1937 A A O 90 ti. 90% Mar. 82 % J an.
70 F -b . so, PoeM e, X. .M ,-t5g ... 1911 J ,V J 104 I*. 101% Jan. 10® Fob.
Hotw. * t . Cent. geo. 4*. « .1 9 2 t !A A <
> SO b. 0* Jam
02
Illinois Central.— I*. 8----- 1953 M A 5 101 I). 99 Jam 102 Feb. Smithern— let eons. x. .*0 1991.1 A J
87% Jan.
93% Fob.
103 b 102 Feb, 103% Jam
Western Sdnes, l* t, 4s, tr. 1051H • .v
•
K. Ivnn, reorv lion 4-1*. 1038 M A B * at ».< 91 Jau.
93% Fob.
K T, V. AG. —is!, 7 g . . . . 1900 J A J ‘ 110 b. 107 Jaw 109% Fob.
J n tA O te a tS e t.— t»Ml8.g.Urtt* M A 5 117 i. 113 Jau. (U S Feb.
71
24,4*5*...... ..
.. ...19'*9 M A 8
Con. 5 v ........ .. . ..... 1 0 5 . M -V N 108% 103 Jan. 109 Feb
70 Jan. j 77% Fell.
93 a. 90% Jau.
Georgia Fat*. 1*4 3-6*. g..l!*2 2 J A
94% Pel*.
U 2 % b .J 1 0 Jan. 111 Jan.
Iow a Central.—l* t, Av___1 9 3 8 2 A t*
70 a. 70 Jam ! 71 Jan.
K n o w , t Ohio IstSii.g 1023 J A J m % l t . ,U 3
Feb. 115% Mar.
Kings <>, E . - v . - l * ’ , 5s I *-"* J A J
« t < 93 Jam ( 06 Jan.
1
Jan. 118 Jam
Ltofede C a#.—l» t . 3*. a . . .u n it * - F
l
j
Riel*. ADituv. con. 0*. g,. ItMo J A J U s b . n s
Lake Erie .2 v e s t —'.2 .. . u>»? J a j 11*1 a. 113 Jan. 1115% Feb. 7 W e*t,Xo.CarlsU>i>n.0*,gl9U,J A J 112 1. 112 % F«*i*. 113 Jan.
1,. SIM S*. -ColM.*J*,. 1st. 7*. 1'.«>•< .1
M
J 113 b. 112 Jan. 115 Jau. (Trnu. V, t. A Kv—Tun, D. t it, 0g. A A U 93
»:i Fob.
89 Jam
0>n«>). rt-mt.. 2d, 7 »----- 19"-* J > M 120 b. 118 Jan. 1 19% Jan,
k
tltnalognam Dtv., 0 g . . . l o i 7 'J A J 83 t v 89 Jaw
95 Fob
U*s. A v.A
F. 20- ■ ■ Ib-bt V t* 8 111% 111 Jam i l l
• .«,«.
Feb, Toga* A Factiio—let, 5 g. ."2000 J A D 80%
01 Jan.
89% Mar.
Long IstaniL- 1st ,’ *>« , Sg, 19 .1 *> --J 120 a 117% Jam 12** Fob. ; 24, ire-ore,-, 5 2 ............ .‘lOOU -Marrii
23%
18 Jan.
24% Fob,
Geitftml tnortgage, t g , l .1988: J tic D 90% 1 91% Feb. j 98 Jau. Toledo & Ohio Cent.—5 g . 1933 J A ,1 10- %». 105% Jam 109 Fob.
A -Vwh.—Con*, f s .181*9 A A •> 107 b. 103% Jan. <107% Jam r -d .S L L A K a n .O ,—« ; .HHi ,J A V 1 7 i >h,. <71 ,1am I 77 Fob.
.
.8 .0 .-it Mobile, 1st, fig .1 0 3 0 4 A J 131 a. U S Jan. i l ID Feb. Union i*,MiliI.*-0 g .......... ..1.898 ,1 A J 10 3%b. 102% Jan. 105% Jaw
,
3*1. « * . . . 1930 J A J 100 t> 07 Jan. 100 Feb. s R s t . autkittg fund, s. ...1899(31 & S 83%b. 00 ~ Jan.
97% Fell,
General, fist.....................U*:i<*4 * i* i i m b . I l l
1r ;
1518 M A X ( 31 %u i 50 Feb. t 31% Fob.
Jau. I I t J an.
80% Feb. ! (told (is, cot. trust note*. I 8 0 1 F A A 93
Unified, 12 ............... .
lb to J A 4 7 9 %)- 71% Jan.
03% Jan.
97 Jam
L ouis,S . A. < feC ti.-isf.iG . U»l*i J A J 112 i. I l l % Jam 113 Fob,
Kan. Pa*v-lh n .D lv ., 01; 18'* * M A X 107 I*. 100 Jau. 100 Feb.
Consol.,, *>8 _____ . . . . . . . 101*1 A A •* 101 b, !>«% Jaw 103 Fob.
170 Jan. 1 77 % Fob.
1st c a u m l. 0 g ............ 1019 M A X t 74
Louis- St. L. .V T etas.—6 g .1 » l7 F * A
Oregon Short lin e —8 g 102*2 F A A 1112
50 ; Jan.
57 Jam
( t o o Jam 113 Feb.
MaMbattao consol. 4 s.......1 » W A * 0
99 % Mar.
99 a. 97 Feb.
151 Jan. (70 Feb.
O r.B .L .A U fh N .-i :ou.,5g 1!* H* A A O I 68
Metro, KiwatBd.— l*s, fix 1908 ,1 A J U 7% 8. 116% Jan. 118 Jan.
31 % Jan,
U. P. Den. A G nlf,rou,,3 g 1839 J A D
38
40 Feb.
24 .0* ...........................1.1390 M A N
107 '**>, 106 Jan. 107% Feb. U. 9. O o M .- l -d eol., 0 g .. 192 4 J A J
30 b. 180 J an. 130% Fob.
Mich. Cent.— t*t, w n e ., 7s. 1902 M A N 118 t*. 117% Jan. 1 li* Jan. Virginia .Mid.—Cell M.. 6s. 1930 M ,v. X
b. 97 Jan. 108 .Mill*.
Cons**!.. 5s ................. . I<102 51 A ,v 106 b. l(ifi% Mar. 106% Mar, Wati.nU—1»!, s g .............. 1939 M A X i S f
102% Jan. 107% Mai*.
Mil. LftV" 3!,. * tV .-lst.U g. 1921 >1 A S 13»% b 129% Jan. 131% Mar,
75
2d Ul'-C'gago. 5 .*, ____ 1939 F A A
60 J an.
77 % Fob.
.
Feb. 113 Jam Weet X. Y. A !*;,.-• 1 -'..5 .* 1937 J A .1 107% 105% Jail. 107% Jaw
Exteo. * Imp., S g....... ,.1 9 2 0 V *. A- .110 h I l l
Gen. 2-3*1*. g old ...........1 9 13 A A <»
■Id b. U
Jan.
MnBD.ASK.t8— 1*4cwn.5*,g.l934 M A N 101 b 96% Jam 101 % Fob.
49% Fob
M.O.K.AE.—t « t
194*3 A & O 92* i
a 1 Fob, w v«t.III).T ci.-C oi tr. 5s. 1*I.WJ A J 1 0 6 -I*. 105 Feb. 107 Feb
80 Jan.
51. K. A- r-M -.s •-». i - .v 1930 J A D 80%
87 Fell. Wise. Cent. Cm 1st 5 g . . . 103 7 J A J ! 4 2 %1. , 137% Jan. 1146 Feb.
80 Jan
J fors.—“ b " lo lieatos p rice hid; “ » " pri«*s aifced; the range is Hi.s i.i up from aotuitl sale* ooly . * Latest pric.) tills week.7 I Trust receipts.
NEW YORK STOCK EXCHANGE PJUCES-fOntinue.]).— IN A C T IV E B O N U S -M A R C H < .
1
SECURITIES,
R a i l r o a d H on d a .
(Stork Exchange. Prices.)
Alabama MI L - 1st,g.. guar..
A. T. A » . F .—2*1, is- Class d
C h ica g o 4 St. Dill.—1st. 0s :
Col. M U . l« t . g .,0 s .............
A S . A Pae.—2d w . t>„ gw 1
%.
Western Division incom e..
Bait. A O h io 1st. 0«, park H,
1
f
Bid. t Ask.;
1 •
1 " 2"
* 100
SECURITIES.
j Rid. j ,Uk.
Rail. A Ohio—5s, gold............ 1925
Cons. mort.. gold, 5 s............198S
VV. Y a . A J*ltt*.-1, t,g.,5k..I#90
B. A O. 8. W„ 1st, g „ 4% s.,. 1990
Monon. River, l» t.g „ g .3 s 1919
CSuiT Ohio Reor.—1st. 4 >e» 1930
Ak.ACh.Jnne.—l9t.K.3s,gn. 1930
Brooklyn Elevated—2d. 5*.. .1913
" 2%
deaalde & R.B.— 1st,g.os.gu. 1912
.Brunswick A- W *o-lat. g.. ts 1038
S E C U R ITIE S .
85%'
BulT. Hoch. & Pitts.—
-Oen. 5»,.1P87
*93
Koch, ife P., l#t, On...........,.1921
........
Roch. A Pitts.—Cor.«.l«t,6R. 1922
100
Buff. A Stwqueb.--1at, Sa. g .1 9 1 3
Burl. Cedar ifapidsA X'or.
........
1st, 5*................................... 1906
____ |
........
........
Consol. & oollal. trust, 8*.. 11*34
Minn. A St. L.— let, 7b, gu.. 1927
........ | 't o '*
Ced. Rap. i. F. A X.. 1st,8s. 1920
........ S3
........
1st, 5».................................1921
Rid.
♦91
U l
o
10«
*00
Aslr.
* 98
110%
106%
THE CHRONICLE,
4o0
VOL, L K Il.
NEVI I O B E S T O C K E X C H A N G E P B I C I S .- I N A C T I V E BONES—(CcnlinuidJ— M A R C H 6.
OECURITIKS,
Bid.
Ask
8ECUHITIEB.
Bid.
Ask.
SECURITIES.
Bid.
Ask.
110
O .O hlo-O ol. A C ln.M .lst,4% a.l939
N orfolk A 8outh’n—1st, 5s,g.l9 41
90
F.
A.P.M.—1st. oon. gold. 5 s ..1939 93
Cult. RE. t Buck. -C o l. g.5».1937
9 lh ........ NorfolkA West.—General, 6s. 1931 *118
Pt. Huron Dlv.—1st, 5s ....1 9 3 S
Cent, o f N. J.—Conv. (lob., 6 s .1908
»la. Cen A Pen.—l s t g . 5s.. ..1918 102
New River 1st 6s..................1932 110
Loot Paoldo—Gold bonds, 6s.1696! 100* .
Im p. A E xt., 6s............
1st oon. g., 5 s ........................ 1913 *84
1934 110
“■t. Worth A R. G.—ls t g ., 5 s ..1928 *55 .........
Gold bonds, 6s ......................1897, 101
Adiustm entM ., 7 s ................ 1924 102
75
Gal. Har. A Ban Ant.—1st, 68.1910
Equipment, 5s....................... 1908
Ban Joaquin B r., 6s ..............1900, 100
Mort. gold 5s......................... 1939| '9 0
Clinch Val. 1st 5 s.................1957
2d m ort., 7 s .......................... 1905 100
67
Md. A Wash. Div.—Ist,g.5s.l941
Land grant, 5s, g ................... 1900
Ga. Car. A Nor.—1st, gu. 5s, g.1929
Grand Rap. A Ind.—Gen. 5s. .1924 .. ..
Cal. & O. D lv., ext., g. 5 s ...1918
RoanokeA8o.—1st, gu. 6s, g.1922
.........
West. Paolflo—Bonds. 6s ___1899 103 1 0 3 * G. B. W. A St. P.—1st, oon. 58.1911
Scioto Val. A N. E .—1st, 4s,.1990
No. Railway (Cal.)—1st, 6s. 1907;
2d lno. I s .................................1906
1 * ........ Ohio A Miss—Consol. 7 s ........ 1898
50-year 5 s...........................1938 •93
5
2d consol. 7 s .........................1911 108 118
Housatonio—Cons, gold 5s___1937 122 * ........
Cbes. A O.—Par. M. fon d, 6 b. 1898 104 *
N .H avenA D erby, C ons.5s..l918 114*i ........
Spring.Div.—Ist7 s............... 1905
Craig Valley—1st, g., 5s-----1910
Hous. A T . C.—Waco A N. 7s..1903 125
General 5s..............
1932
103*
110
Warm 8pr. V aL, 1st, g. 5 s ..1941
l s t g ., 5s (Int. gtd)................ 1937 *
Ohio R iver R R .—1st, 5s.......... 1936
Ones. O. A 8o.West.—1st 6s, g.1911
Gen. g .,5 s ...............................1937
Cons. g. 6s (lnt. g td )............ 1912 106 110
50
Id , 6s ....................................... 1911
90
Omaha A St. Louts.—1st, 4 s ..1937
Dehent. 6s, prin. A int. gtd.1897
Oh. V .— en .con.lst,gu.g,5e.l938
G
85
90
Oregon A Califor.—1st, 5s, g.1927 *82
Debent. Is, prin. A lnt. gtd.1897
Chicago A Alton—8. F., 6s ___1903 115
Illinois Central—1st, g., I s ...1 9 5 1 *105
Oreg. R yA N av.—Col.tr. g..5s.l919
Coals. A Mo. River—1st, 7s.1900 107
1st. gold, 3 * s ........................ 1951
Penn-P.C.C.ASt.L.Cn.g.4*sA1940 11058
2d, 7s................................... 1900 106
Gold 4 h...................................1952 ♦
Do
do
Series B ......... ^110%
104H:
3t. L. Jacks. A Clilo.—2d, 7S.189.S 1C3
115
Cairo Bridge—I s ................... 1950
F.C.AS.L.-l8t,0.,7s............... 1900
MISS.R. Bridge—1 st,s.f., 68.1912
105"
Springf. Div.—Coup., 6s___1898
Pitts. Ft. W. A C.—1st, 7a...1912 .......
Ohio. Burl, A Nor.—1st, 5 s ....1926 105
Middle Div.—Reg., 5s.......... 1921 ......
2d, 7 s .................................. 1912
Debenture 6s .............. .......1 8 9 6
107*
C. 8t. L. A N . O.—T en .1.,7 s .1897
3d, 7 s....................................1912
Ohio. Barling. A Q.—5s. e. f.,1 9 0 1 101
Oh.St.L.AP.—1st,con.5s,g... 1932 117
107
1st, oonsol., 7s.................... 1897
Iowa D lv.—Sink, fund, 5 s.. 1919 100
Gold, 5s. c o u p o n ................1951
Clev. A P.—Cons., s. fd ., 7 s .1900 117
Sinking land, I s ............
1919 9 9 * 100
Memp, Dlv., l s t g . I s ....... 1951 ........
Gen. 4 * 8, g., “ A ............ 1942
87
Plain, I s ..................................1921
90*
Ced. Falls A Minn.—1st, 7 s.. 1907
8t. L.V. A T .H .—1 st,6 s .,78.1897 101
Chicago A Iow a Dlv.—5s. ..1905
1 0 7 * Ind. D. A Spr.—1st 7s, 1906, trust
2d, 7s....................................1898
951* 100
Calc. A Indiana Coal—1st 5s. 1936
recta., ex bonds............................
26
28
2d, guar., 7s.......... .......... ..1898
Obi. MU. A 8t. P.—1st,8e,P .D .1898 1051*
G(LR.AI.Ext.—lB t,4*s,G .g.l9 41
Ind. IUs. A Iowa.—1st, g, Is. 1939 *84
Id , 7 3 1 0 s, P. D ................... 1898 125 127
1st, ext., g. 5 s.........................1913
. . . . . P eo.A E .-Ind.B .A W .-lst,pf.7s.l900
1st, 7s, $ g., R .D ................... 1902 127i« 1 2 7 * Int. A G. N'n.—3d, 4s. g . . . . 1921 "25"
Ohio Ind.AW.—Is tp r e f.5 s ..l9 3 8
1st, I. A M „ 7s...................... 1897 125 127
80
Peoria A Pek. Union—1st, 6s .1921 i i ’ i "
KlngBCo.-F.El.,lBt,5,g.,gu.A.1929 *
1st, I. A D .,7 s .......................1899 125 127
Lake Erie A W est.—2d g., 5s. 1941 101* 1 0 5 *
2d mortg., 4 * 8 ...................... 1921
69
1st ,0. A M .,7 s...................... 1903 127 129
Nortli’ n Ohio—1st, gu. g. 58.1915 102 105
Pitts. Cleve. A T o l.—1st, 6 s ...1922
1st, I. A D. Extension, 7 s ...1908 1281*
L. 8 . A M.Sou.—B. A E .-N e w 7 s.’ 98 *107* . . . . . Pitts. A L. Er.—2 d g. 5s, “ A ” . 1928 . . . . ..........
1st, La C. A Dav., 5s.......... 1919 107
Det. M. A T.—1st, 7s.............1906 *120 ........ Pitts. Mo. K. A Y .—1st 6s___ 1932
1st, H A D .,? s .....................1910 1211* 127
Lake 8 hore—Div. bonds, 7 s. 1899
Pitts. Painsv. A F .—1st, 5 s . ..1916
95
1st. H. A D .,5 s .....................1910
Kal. AIL A G. R.—1st gu. 58.1938
Pitts. Shen. & L .E .—1st,g.,5s. 1940
89
Ohloago A P adflo D iv., 6 s ..1910
iii’
Mahon’g Coal R R .—1st, 5 s .1931
1st consol. 5s.......................... 1943
Mineral Point Dlv. 5 b.......... 1910 101 107
104
Lehigh V.^N.Y.—1st g u .g .4 * s.l9 4 0
Pitts. A West.—M. 5 s,g .l8 9 1 -1 9 4 I
■7 6 “
0. A L. Sup. D lv., 5s.............1921 108 110
Lehigh V.Term.—1st gu, 5s,g.l941 112 115
Pitts.Y’gst’nAA.—1st, 5s,oon.l927
Fargo A 8outh., 6s, A s e u ...l9 2 4 110
Lehigh V’y Coal—le t5 s,g u .g .l9 3 3
R io Grande 80.—1st, g., 5 s ... 1940
Ino. oonv. sink, fund, 5s___1916
1Jtohf. Car.A West.—1st 6s. g.1916
St. Jos. A Gr Is.—2d ino.........1925
Dakota A Gt. South., 5 s___1916
1 0 7 * Little Rock A M.—1st, 5s, g ..l9 3 7
Kan. C. A Omaha—1st, 5s. .1927
MU. A Nor. main line—6s. ..1910 115
Long Island—1st, 7 s ................ 1898
St. L. A. A T. H .—Term. 5 s ..1914
Ohio. ANorw.—30-year deb. 5s. 1921 1071*
Ferry, 1st, g., l * s ................ 1922
91*
BeUev. A So. 111.—1st, 8 s ...i8 9 6
Esoanaba A L. S. 1st, 6s ___1901
Gold 4s....................................1932
BeUev. A Car.—1st, 6s......... 1923
Dee M. A Minn.—1st, 7s___1907
N. Y. A B ’way B.—1st, g. 5 s. 1927
Chl.St.L.APad—1st,gd.g.5s 1917
Iow a Midland—1st, 8s.........1900 116 121
2d m ortg., in o ..................... 1927 35
42*
8t. Louis So.—1st, get g. 48.1931 ......... 85
Peninsula—1st, oonv., 7 s ...1898
N.Y.AMan.Beach.—1st, 7s, 1897 100
do
2d in com e,5s.1931
Ohio. A M ilwaukee—1st, 7 s .1898 105
N.Y.B. AM.B.—1st cou. 5s,g.l9 35 100
Car. A Shawt.—1st g. 4s___ 1932
Win. A St. P.—2d, 7s............ 1907
B rookl’uAMontauk—1st,68.1911
St. L. A 8. F.—2d 6s,g., ol. A . 1906 1 1 4 *
MU. A Mad.—1st. 6s ............1905 iio
1st, 5 s ................................ J 911
General 5s.............................. 1931 *95
Ott. 0. F. A St, P.—1st, 5a. 1909 105*
No. Shore Br.—1st oou.5s,g,1932
1st, trust, gold 5s............... 1987
86
Northern 111.—1st, 5s..........1910 10 5*
Louis.Evaus.A8t. L.—Con.5s.1939
Kau. City A 8 1st, 6s, g . ..1 916
MU. L. 8. AW.—Con.deb. ,5s .1907
Louis.AN ash.—CeoU.Br. 7 s..1907 1 0 3 *
Ft. S. A V. B. Bg. -1 s t, 6 s ...1 910
Mich. D iv., 1st, 6 b............. 1924 123’
E. H. A Nash.—1st 6s, g ___1919
117
Kansas Midland—1st, 4a, g.1937
Ashland Division—1st, 6s 1925 121
Pensaeoja Division, 6s .........1920 105
St. Paul City Ry, oon. 5s, g ...l9 3 7 *87
Ch.R.I.AP—D .M .A F .D .lst4s.l905
St. Louis Division, 1st, 6 s ...1921 118
Gold 5s, g u a r ........................ 1937
1st, 2 * s ............................... 1905
2d, 3s....................................1980 *63
St. Paul A Duluth—1st, 5s___1931
Extension, 4s.....................1905
Nashv. A Decatur—1st, 7 s ..1900 1 0 8 *
2d mortgage 5s...................... 1917 *103
Keokuk A Dee M.—1st, 5 s ..1923
107*
8 . f.,6s.—8. A N. A la.............1910
St. Paul Minn A M.—1st, 7 s ..1909 *
io s
Ohio. St. P. A Minn.—1st,6 s ...1918 12 6*
50-year 5s, g .,........................1937 "98'
2d mort., 6s............................ 1909 118*
Bt. Paul A 8. 0 .—1st, 6s....... 1919 128 131
Pens. A A t .- 1st, 6s, g o ld .. .1921 101
Minneap. Union—1st, 6s___ 1922
125
Ohio. A W. Ind.—1st, s. f., 6 s .1919
CoUat. trust, 5s, g ................ 1931
Mont. Cen.—1st, guar., 6 s ..1937
114
General mortgage, 6s .......... 1932 11 6* l"l8 *
L. A N. A Mob. A Mont.—
1st guar. g. 5s..................... 1937 *
101
Oln Ham. A D .—C o n .s.f., 7s. 1905 1 1 7 *
1st, g., 1 * 8 ..........................1945
East. Minn., 1st div. 1st 5s. 1908 *104
Id , gold, 41*8..........................1937
106
Nash.Flor.AS.—1st, gu., 58.1937
WUmarASiouxF.—1st, g ,5 s.l9 3 s
Oln. D. A Ir’n—1st, gu. 5s, g.1911 1 0 8 * 1 0 9 *
Kentucky Central—Is, g ... 1987
San Fran. A N. P.—1st, g., 5S.1919
......
Olev. Ak. A Col.—Eq. A 2d 68.1930
Lou.AJefl.Bdge C o —G u .g.le. 1915
Southern—Ala. Cent., 1st 6s. 1918
O.C.C. A 8t. L., Cairo div.—4s, 1939
Lo U.N.Alb. ACli.—Gen.m.g.5s. 1940
Atl. A Char.—1st, p r e l, 7a.. 1897
St.Lon. Dlv.—latcol.ts'tAs.g. 1990 93
9 1 * Memphis A Chari.—6s, g old .. 1924
Inoome, 6 s......................... 1900 ......... .........
50
spring. ACol-Dlv.—1st,g. 4s. 1910
1st oon. Tenn Ben, 7s........... 1915 108
Colum. A Green.—1st, 5-68.1916
WhlteW.Vai.Div.—1st,g. 4 s. 1940
Mexican Cent. Consol.—Is. g.1911
E. 'sun. V. A Ga.—Divis.Ss 1930 110
Cln.Wab.AM.Dlv.—Ist,g.4s.l991
90
1st, cons, inoome 3s, g ......... 1939
Rioh.A Dan.—Eq. s. f. g. 58.1909 *98
__
In. I. St. L. A C.—l 8t,g.,48.1936
98
Mex. International—1st, ls ,g .l9 4 2
Deben. 5s, stam ped .........1927 101%
Oonsol, 6s...............................1920
.........
M exican National—1st, g., 68.1927
Vir’ a Mid.—Serial ser.A, 6s. 1906
Cln.8an.ACL—C on.lst.g.58,1928 i"05‘
2d, inoom e, 6 s, “ A " ..........
1917
Series B, 6s ............. ...........1911
0. Col Cln. A Ind.—1st, 7s,s.f.l899 *106* 110
2d, Income, 6s, “ B ” .............1917
Series C, 6s.......................... 1916
Oonsol. sink, fund, 7 s .......... 1914
Michigan Central—6s .............. 1909 114
Series D, 4 -5 s ..................... 1921
105
Cln. ASpr.—1st,C.C.C.AI.7 S. 1901
il5 *
Coupon, 5s...............................1931 116
Series F, 5s.......................... 1931 .........
Cleve. Lorain A Wh.—1st, 58.1933 1 0 6 * 1 0 7 *
Mortgage 4 s............................1940 1 0 4 *
Wasli.O.AW.—1st our.gu. 4s.l924
CleTe A Mah. V.—Gold. 5S...1938 •117 121
Bat.C.AStrgis.—l8t,3s,g.gu,1989
Ter. RR. A s’n of St. L.—
Del. Lack. A W .—Mort. 7s___1907
Minn.A St. L.—1st, g. 7s..........1927 140 145
1st, 4 * s . . ............................... 1939 *104
STra. Bing. A N. Y .—1st, 78.1906 122
Iow a Extension, 1st, 7s........1909
1st, oon. g. 5s...............1894-1944 "100
128*
Morris A Essex—1st, 7s___1914
Southwest Ext,—1st, 7s....... 1910
12 8*
8t.L.M er.Br.rerm .,g.5s,gu..l930
oonds, 7a............................. 1900
Pacifio E xt.—1st, 6s ............. 1921
Texas AN ew Orleans—1st,7a.1905
ts o f 1871........................... 1901 116
M o.K .A T ex.—1st, ext., os, g 1914
Sabine Division, 1st, 6s....... 1912 *10 75 .........
•t,con., guar., 7s............19 15 14n
1942 7 8 * 80
Consol. 5s, g ........................... 194,3 *95
Warren -2 d , 7 s .....................1900 108
.........
*
1990
721s Tex. A P ac., E. D.—1st, g. 6S.1905
D . AH.Can.—Pa. Div.,coup.7s. 1917 110
.81, Of
1940
80
85
Third Avenue (N.Y).—1st 5s, 1937 ruT 120 *
Albany A Susq —1st, gu. 7a 1906
Missouri Paeilio -TrmSt 08- 1917 *__
82
T.AO.C.—K au.A M ., Mort. 48.1990
1 st, oons., guar., 6s ..........1906 i"i9 120
81
1st 00IL, 5s, g.
1920 *
70
Tol. P. A W.—1st 4s,ino.f’d. 00 u. July
Bens. A Sar. 1st, coup., 7s,1921 140
79*i
78
8t L.AI. M . - l i
1895 101
Ulster A D el.—1st, oon.,6.,os 192e 103 103%
D*-cv. Tramway—Cons, 6s, g. 1910
tobile A Ohio—:
1927 *108
Union Pacific—1st, 6s ........
1896 102*
Metro [M K y .-l8 t.c u . g.6a.l911
il.
St. L. A C airo1931 *81
1st, 6s........................................
Denv. A R. G.—Im p.,g., 5 a ...1928
102 ifl
89*
1920 115
let, 6s ..................................... 1899 104
Det.M. A M .—L. g. 3*s,ser.A.1911 *19
20
1916 126
CoUateral Trust, 6s.......... 1908
Del. A Mack.—1st lien, 4 s,g .. 1995
95
90 95
1901
Colla’ eral Trust, 5s.......... 1907
4s, gold.................................... 1995
75
60
N. O. A. No. E. -P r. L, g „ 6s. 1915
.........
Kansac Paeilio—1st 6s, g ...l 8 9 o
Dm uih A Iron Range—1st 5s.1937 101
N. Y. Central.—Deb. g. 4s
1905 lOH*
1st, 6s, g .............................. 1898
Erie—1st, extended, 7 s.......... 1897 105 107
........ .....
N. J. June—Guar. 1st, 4s " 198b 100
O. Br. U V - F . o .,7 s ...........1895
2d, extended, 5 s . . . . . . . . ........1919 *107*
8 eech Creek—1st, gold, 4s 1936 1 0 5 *
Atoll. Col. A Pac.—1st, 6s... 1905
3d, extended, 4 * s .................1923 1 0 1 *
35
40
Osw. A Rome—2d ,5 s ,g „ g u .l9 l 5
AtcU. J. Co. A W.—1st, 6s.. 1905 *30
4tb, extended, 5 s . . . . . ........... 1920 1 1 1 *
40
Utica A Bl. Riv.—4s, g., gu 1922
U. P. Lin. A Col.—1st,g., 5s. 1918
5th. extended, 4s............- ” l928 100
33
1st, con., g., I’ d, 7 s .............. 1920
Oreg.S.L.AU.N.,ool.trst,,os.1919
_ N \ V i V 1 K *a 1993
o
- 30
27
g -Y -N . H. A H .—1 st,rev, ls.1 9 0 3
Utah A North.—1st, 7s....... 190s
B. N. Y. A E.—1st, 7s.......... 1916 ISO*
.....
t Norgieni—1st. g. 5s.. 1927
Gold. 5s.............................. .1926
• Y.L.E .A W .—Fed.con. 5s. 1969
96 "
N. Y. Susq. A West.—2 d ,4 * s 1937
Utah Southern—Gen., 7s 1909
9 ia A S. W.—Mortg. 6s ___190c 102*
___ ,.mm
65
Gem m ort., 5 s ...................... ,940
7 4 ^ 75
Extern, 1st, 7 s................... 1909
leflerson—1 st, gu. r 5s ....1 9 0 9 101 *
65
Wllk.A East. 1st,gld.,g.5s.1942 ....
.........
90
.OBI A R R .- 6S . . . ................ 1922
Valley R y Co. o f O.—Con. 6 s .1921
Northern Pac.—Divid’d scrip exi
65 ........ Wabash—Debenture, Ser. A ..1939
*>ook lnipt,,]Rf 6R,our'oj'.19 (3 i‘ ’5”
0
James River Val.—1st, 0 s ...l9 3 f
Debenture, Sories B ............ 1939 ........ 2 7 *
1 st, c o n .g .ls .p r io rb o n d s 19 9 c
93
94*
Spokane A Pal.—1st, 6s.......193e
Evans, a lerre H aute—
80
Det. AOhio. Ext. 1st, 5s, g.,1940
98
99
St.Paul A N. P.—Gen., 6 s ..1923 122 124
1 st, cons., tie____. . . . . . . . . . . 1 9 2 1
St b.K.C.AN.—8tX’.B d ge6 s.l9 0 ' 108
H elenaARedM’ n—1s t,g. 6s. 193*
10
West N .Y.A Pa.,gen.g. 2-3-ls 1943
1st, general, g., 5 s .........’."."..1912
46
49
DuluthAManitoba— ls l,g .68l 93fc * 8 7 *
Inoome 5s............................... 1943
Ml. Vernon 1st 6s ....... .....192.-: 100
141* 15
Dul.AMan D ak .D iv.-lstb” ! l 937 *89*4
SuL Co. Br. 1st, g „ 5s.......... 1930i .
West. Va. O. A Pitts.—1st, 6s. 1911
Cmnr d Alene—1st,6s,gold 1916
Evans. A Indian.—1st, oon s..19261
Wheel.AL.E.—1st. 5s, g old ...1926
Gen. 1st,g., 6s.................... 193*
Flint A P. Mare.—Mort.. 6s ... 19201 iYe
Extension A Imp, g., 5s.......19£0
......
Cent, W ashlngton—1st,n . . v o . x . / WO ........ ........ Wis, V H U l . 1UUUUJO 5 s ...............1937
Vn
-------------------------------- -----------------. g..6s.l938
..........................
«1 18, Cent, incom e
...
6*
price Friday; these arethe latest quotations made this week. F o r T t l . a e l l a a e o a . a r t d C o l l a t e d B . n d . - ^
3d page preceding.
Mabch 7, 1586.]
THE CHRONICLE.
Investment
AND
451
Latest Gross Earnings.
W eekorM o
1895-6. [ 1894-5.
j Jan. 1 to Latest Date.
1895-6.
1894-5.
¥
$
Illinois Central. February.. 1,571,288 1,415,304 3,383,565 3,024,400
In.!. Deo, AWeat,; 4th wk Deo
14,146
*75,188
427,081
Ind- I l l A Iow a.! December
65,592
709,972
715,119
in .* Gt. North's u h w kF eb
68,567
510,6*21
564,259
: Interop. (Mex.); Wk Feb 15
49,329
290.976
324.458
. . .
Iowa Central.......Srii wk Feb
31,529
332,429
241.458
T h e fo llo w iB g ta b le s h o w s th e g r o s s e a r n in g s o f U n it e d Iron R a ilw a y ... January...
4,119
4,218
4,119
72,921
S tates r a ilr o a d s (a n d a ls o a f e w M e x ic a n a n d C a n a d ia n r o a d s ) 1 ™ , ; 3 * , K 'ft January,
y
28,53
72,921
4,362
31,24;
33,749
fo r the la te st p e r io d r e p o r t e d . T h e s ta te m e n t in c lu d e s e v e r y . K a n a w h a A & otiw h w k F ch
6,305
76,52:
35,895
feTEAJt road fr o m w h ic h r e g u la r w e e k ly o r m o n t h ly r e tu rn s : K .c. F.Soott AM a,i wk Feb.
79.404
622,510
573,290
c a n he o b ta in e d . T h e Bret t w o c o lu m n s o f fig u r e s ’ g i v e th e K-C-Mem.&Blr. ad wk Feb.
15,951
183,738
142,590
an.0. N. W — January..
17,575
23.831
g r o s s e a r n in g s fo r th e latest w e e k o r m o n t h , a n d th e la st t w o K Kan.C.ABeat.. January
17,575
417
343
417
c o lu m n s th e e a r n in g s f o r th e c a le n d a r y e a r f r o m J a n u a r y l to K.
C.Pitts, A O .. 4th w k Feb
10,970
97,082
78,902
Kan,C. Sub. Belt 3d wk Feb.
an d in c lu d in g s u c h la te st w e e k o r m o n th .
3,308
32,650
24,925
Keokuk A Weot 3d wk Feb.
6,341
56,288
40,262
The returns o f the street railw ays are not included in this i,. e.rle A lLASo.:January,
7.761
0,347
7,761
L. Erie A West.. 4th wk Feb
table, but are brought together separately on a subsequent p age
78,030
565,455
530,801
Lehigh A H od..(January. !
37,963
30,070
37,963
L ex'gton AEast. January.. ’
Latest Gross E am m gs.
Jan. 1 to Latest Date.
14,062
17,487
14,962
B oxne.
Long In la n d ..... 4 th wk Feb
31,306
400,702
392,901
Los. Ang. Term. January.
[W eekorM o 1895-6,
1894-5.
1895-6.
1894-5.
18.009
7,736
10,009
Louie.Ev.ASLL. lib wk Feb
29.249
232,654
201,722
t
Um lsv.&Nashv.,-mi wk Feb
8
* _
_
387.655 3,284 432 2,987,042
A dirondack....... . December.
20,768
Louts. N jt.& C k .!tth wk Feb
201.229
58.101
447,863
405,851
A i».G t.s«tu u .
itu w kF eb
29,069'
2HA540 ! L ou.S L L .A T ex January.
221,936
30,147
35,390
30,147
137 Macon Js B lr,n.. ■
^9BAD A.
k
fpnuuMi.
Ala, M idland.. (December
51,249
iJuhaar r ....
56,251
557,767
6.422
6,000
6,422
A llegheny r a l .. [January,. J 186.717- 176,664
1 7 «;o«4 JJanlagttMUjj: ...[J a n u a ry ,...
188,717
10.270
11.104
10,270
Ann A r b o r ........ - ttb wk Feb
25,557
152.207 MemphisACha*. 3d wk Feb,
18,976
170,729
16,511
198,594
130,628
A rc, M idland... December
14,121'
14.313
102.750 M ex ica n Cent tth w k F eb
111,971
185,233 1,597,654 1,482,453
Aron. T. A S . Fe January... 2.4-1,0 '. I : ,'234.942 2,484,664 2,234.942 Mexican InteFl. November.
S
<
137.42* 2,378,099 1,959,839
A tlanta A Char. December
202,071 145,808 1,7. 2,996 1,582,787 ! IMex. National, 4th wk Feb
04,908
761,948
663,259
Atlanta A W. P.{Decem ber.
59.035
•43,268
106,377 M ex-N oruieni.. December.
507,527
57,869
681,800
642,262
Asian. & iM '.v. itn wk Feb
8,9391
66,447 tMextean R'way ivu Feb.15
6,371
79.990
68,000
65,299
426,091
418,322
Augusta Sont*n. January ..
5.2 tu
3.542 Mexican S o ..,.. 1st wk Felt
3,548
5,243
11.340
9,597,
51,762
47,772
Austin * ?Twe».t- November.
20.306
230,741 M mneai'.ASt-L ;:n wk Feb;
222,359
22.498
45,007:
31.232
292,246
231,372
BaltX'tieo.AAO.:January, .
26.119;
______
26,795 M.SLP.AS.SLM. 3d wk Feb.
26,119
26,793
57,270;
53.117
415,072
310,321
RAOJEArtUnee January. 11.3*5.877 1,229,210 1,385.-77 1,249,219 M o.K a n .A T ex - 4th Wk Feb 264.849, 242,163
1,932,78# 1,750,768
Western Line*! January. . 443,068; 489,216
443,068
160,216 M o.Pam*lronM tth w k F eb 562,000! 525,000 8,456,000 3.227.000
T o ta l........... J a n u a ry ... 1.828,045.1,698,438 1,828,945 1,808,435
Central BFoh. ith w kF eb
23,000
11,000
115,1
85,000
■aL AO .Soa'w . 4 th w kF eb 145.447 182,887
974,184
902,215
J ,01®1 ;,-,....... ! 1thw kF eb
585,000: 539,000 3,571,1
3.312.000
BangorAAroust. December.
45,423
23,502
366,287 M°M e A Blrm. Sd wk Feb.
722,563
6,943!
4.901
43,521
39,216
■ath A Ham’ ndr December
3,373
2.602
33,653
33,877 M obUeA Ohio. February
290,019 231.003
089,871
501.702
Bir. A Atlantic January.
2.078,
1.004
1.094 ! Mont.AMei.Olr. Decern tier
2,078
1,211,444 1,099,378
Brooklyn h ie s .. « h wk Feb
33.327, 141.823
301.331
1411.716 Naah.Oh.ASt.1. Junuary...
463.50S 382,804
403,59"
382,804
B runaw niW iw ! December
40,261. 49,148
532,008
536.180 - Nevada Centra November.
3.313;
27,41
22,880
8an.ltoch.AFH t 4th wk Feb
77,355; 48,433
419,941 N. Jersey A N. 5 }Doa«mber.
464,883
27,492
330,543
331,401
B ar.C .B ap.A h 4th wk Fcl> 113,220
76.680
743,94 1
7.896.
12.683
89,020
557,849 2 * 5 nr l u ^ “ ' 1JK,!l“ k r
102,405
Camden A At.. November.
50,070
43,622
019,129
855,115
uary.
CacaAlanFaptU. 4th wk Feb 38«,00v: 270.OOO 2.708,798 2,163,061 s S * X * f t * J a n4th Wk Fob 3,477,066 3,150,709 3,477,066 3,150,709
—
'i
-o —
73,52
78,770
490,985
505.327
Cape F.A Yml.V. 3d w k Jan.
12,902
03-20
s , i.ottiQ*® K ..iJ a a a a r f
178,405 200,857
178,405
200,807
Oar.Midland___ December.
4,744
3,838
#7,209 Norfolk A Weat t o , wk Feb 242,839! 185.001 1,808,088 1,473,831
51,07!
Cent, o f Oeorgm January... 511,850 423,002
511,850
123,90-2 Northo-ra (O A l.iD eecinbcr
6.079
6.110
54,301
01,470
Central o f K .J. January .. 1.009,567 852.433 1,009,567
852.433 ; 2 « * K ? Central January...
511,208
490,590
Central Pacific. November. 1,133,79*1 1,149,338 12,008,766 12,100,051 North'n Pactfle 1th wk Fob 511,20.4 400,500
309,945 243,201 2,321,305 1,950,418
OharieefnAHas December.
45.50 1 51,570
522,920
615,926 !
* W « « January. .
2.050
1.810
2.950
1,810
Cber»w,ABars. bepMSruo r,
12,151
9.045
00.744
50.670 , Oh o o v e r ........ ; 4th wk Feb
17,081.
11.604
133,443
94,799
Che*. A O h io ... Uh wk Feb 225,40 4 180.000 1.716,808 1,424.052 Dhlo Rlv.ACba* .Jumiary.
18,041
13.704
18,011
13,794
Chea.OA8o.W January.
203,205 176,930
176,930 Ohio Southern February.
203,295
62,711
58,240
135,121
124.300
Chic. Her. A o a January
2.59.1,60.*, 2,374.-32 2,503,605 2,374.832 ; Dragon Im p.Oo January..
244.205 262,570
244,203
262,570
Ohio. A k u t . In 4th wkFeb
92.936
75,400- 662 780
618,667 | FaelSc M a ll. ...; January,.. 303,474 H ____
330,563
303,474
330,503
g U 0.at,W e*t‘ n. Uh wk Feb
. -,r
494,679 i Pennayivanta ' January .
Ohio,Mti,A8t. P 4th wk Feb 717.415 507,376 4,635,302 3.821.5*00 PeortaDfO-AL. Uh w kF eb 4.993,771 4,078.271 4,993,771 4,078,271
22,104
21,135
142,014
151,44*2
OWe,AN*tfaw*t>. January. 2,447,300 1.034.56? 2,447.360 1,934,560 i’etfrabnrg........ January.
48,350;
38,739
46,856
38.739
Ghlo.Peo.ASt-i. 3d wk Feb.
21.850
10,208
146407
125,461
249,095! 249,100
289,093
249,100
Chic, tt’ k L A P .. February 1,1173550 1,019,5*5 2,300,41(5 2,135,11* ; I hllA AKE rie... Ja n u a ry..
P nlia.A cad’g. January.. 1,725,453 1,564,308 21,725,433 1,568,308
Cinc.at.f' m . * i , January... 612,787 401.027
612.787
464,027 i O oalA Ir.C o... January.. 1,633.451 1,892.957 1,838,451 1,802,957
C M c.* W. Mich 3d wk Feb.
28.ir.xj
20.557
185,203
1 8 0 ;s » l ! Total both Cos. ;J an uary... 3.574 004 3.461.205 3,378,904 3.481.265
Ctn.Ga. A Porte January...
4vt76
4,476
4,477
4,477 IK B had^ A N .E . DecctulMsr,
62,596
01,9,6
708,903
079,120
Cta. A Kent. 8ou. November,
973
031
, I2tb*,tic,A St.L J a n u a ry ... 1,226,545 1,107,807 1,220,045 1,107,807
3d wk Feb.
13.256;
10,3.01
&2.703
82,590 | Pitta. Mar. A d a. [January. .
3.453
3,202
3,433
3.202
November, 848,000; 319,000
Pltt.0beo.*L.J. 4 th wk Feb
10^03
8,421
95.212
01.708
n, on. * h. k. i*t wk Fel>
*5,000 j
26,000
152,000
u s .o o d i Pittab. A West tth wk Feb
27,000
24.143
207.842
184,294
Ala. A Vlokaf. let wk Kel>
iOjBOtil
9.000
04,000
53.000 j Pitta.OLAToi i im wk Fob!
14,492
15.390
105,027
110,244
Vloks.Hh. A P l*t wk Feb
<J,OOf
8.000
57,000
59.000 i Pitt*. Pa. A F. 4th wkFeb
3.074
4,040
28,281
24,292
Ola. Forte, a V. Jan n a ry .,.
DO 6
21,.’.6 31,868
18,506 ; Total system. 4th wk Fob
40.006
43,873
341,150
318,330
Clarion Ksvor .. November.
3.269;
PH*. Voung. a a .; J anuary.
70.974
73,765
70,974
73.705
Cier.Can. Arto 3d wk Feb.
9,906
I lyiw>
73,hni
8 M O * ju in o y U .4 K .C ,!Ja n u a ry ..
23,* 21
19,278
23,621
10,278
O cC B l.C h .A 8tl '3d wk Feb
2 1 4 .7 ft
1,741,34*. 1,740,342 KU.h.fVksb.AP. December
50.858
50,131
728,442
698,670
Peo. A B asra. December. 151,057 229.623 1,071,150 1,540,066 * Kteh. A Potersb. *
140.603
January. ,
27.981
23,717
27,981
23.717
Cl.Dor.A Wheel. Uh wk Feb
31,103
21.034
1-4. *1:'
163,380 - Slo Or. SoatJPn tch w n F eb
11,508
5,598
71,584
56.327
OoL Midland___ January.
181,630: 114,026
151,630
114.026 i Klo Cir.Wesfa. 3*1 wk Feb.
31.000
37,700
269,960:
230,553
OoL H. V .A l o i February,
200,730 170,4*5
112,370
383.330 Sag.TuaoolaAB Ja n u a ry.,.
8,762
8,070
8,762
Col. Bandy A H itii wk Feb
8,670
19,112
11,716
122,899
126,030 Sag. VaL A St. 1_ Decem ber.
7,005
6,839
94.058
Colusa A Cake . Jeu nary.
85.941
900
1.000
900
1,000 I St. L. A. A T. H. 3d wk Feb.
27.000
23,480
180,560;
180,790
December
1.000
9,813
1,087
10,801 St-R K un'etA so. -January,.
4,189
3.205
4.189
Ctm; V l'd Valley. December
3 205
83,509
78,733
483,701
811.553 St. 1 .1 Sait Fran.iJatittarV..
402,830 453,219
492.850
Deny, A B io o r 4»h wk Feb 130,500
453,219
121,2 00 1.071,8611 1,018,315 et.USuuthw'rn ; 4th wk Feb 122,200 107,100
871.700
847.000
Dee M. A Kan, C. 3d wk Feb.
SLABS!
1B 716,7-7
10,414 8t.P »a l A DaTth fJ anuary.
90.697
82,708
90.097
Dm M. N, A W .. January. 1 97,079
82.708
22,523!
37,079
22,523 «an A n t.« A. P. December. 177,759! 250,030 1,971,828 1,940.751
DeLJLans'gANo. M wk Feb.
15,836
21,012;
!63.M.n
131,867 8, Fraa.A N.Par January...
40,301!
39.001
40,301
39.001
Det. A .Maoktn*. December.
26.377;
14,201
363.212
883,640 Sav.Fia. A West. December. 291,563 397,781 3,372.832 3,902,240
D oC A lr’ afU n gc November. 100.9-J8
t>
58,942 2,155,613! 1.500.02.I Sher.Htirev.A B 3*1 wk Feb.
3,594
5,105
■14,087
51.219
»tau th s.».A A U . 3.1 wk Feb,
31,881! 31.373
236,67) i 2 18,799 8U. Sps. O. A C December
8,940
172,840
150,280
E lc In .JoLA K aei: February.
101,750; 83,967
— . —*--------209,092;
164,85.) SUvertos.. . . . ,fiiuuary..,
1,004
0,300
F r ie ,.. . . . . . . . . . . December 2,518,729 2,234,361
1,004
so .lia v e n A Fast J a n u a ry ... t
1,025!
847
1,025
Bumara Springs. December
847
4,961
9.213
m6V<? «o . PaetUc C o.-1
62.889
*v *B A A loifplto U h wk Feb
0,727
6,018
Gat.Har.AS.A ]Novembor. 4 7 4.541 430,494 4,360,880 3,850,383
40.517
40,300
Srtui*. A Bleb. 34 Wk Feb.!
1.380
1.495;
Loula'a W e s t . November. 112,008 ] 94,091
10,928
11,900 |
9!KUi53
* s a n » r A T . H ith wk Feb
..............
897,824
24,375]
19.824'
Morgan’sLAT. November. 709,756: 731,948 3,373,305 5,353,281
17/,167
150,1 42
M tabbnrg.......... [January...
598,017 5 1 3 ,3 -598,017
513,338 I N .Y .i. A M ex November.
17,991!
20,497
215,072
239,827
r u n t * P.Mart, 3d wk Feb.
44,005
44,625)
----- -.
292,898 i Tex. AN. O n ., November. 141,039] 155,991 1,497,884 1,417,089
FVW * A 1Jen. u. j December. 101,762 143,767 1,086.702
Ut
1,335,879 ] Atlantia »ya.ft. Decem ber. 1,308,924 1,351,533 14,022,001 13,504.224
Ft. W. * Klo Or. (th wk Feb
7,823!
0,351Paeifto system December. 2,009,000 2,423,821 32.507,820 31,207,779
67,37 4
66,850
Owl*. A Att. U .'Jan uary..
963;
Total of all.. December 3 977,924 3.977.054-40,529,327
023’
033 ;
063
OeoKtf* KB ------.id wk Feb
34,263
Affiliated lines December. 560,834 730,130 5,809,052 44,772,003
18,820]
170,576
261,630:
6,309,098
Georgia A A la . 36 wk Feb,
13,335
7,022.
87,125
Grand total. Decem ber. 1, *11,7, - 4,713,100
00,133
BmtltrTa A No ■
January...
94,605. 66,425
04.605
66,425 ! So. Pan. o f Oal November. 927,105 800,315 52,441,880 50,918,157
Deo, So. A Kia,. January.,.
40.140
So.Pae.of Art* November. 216,000 203,526 9 8 81,0 85 8,353,570
70,730!
86.1 Ui
70.736
2.073,489 1,914,285
Or. Ban. A Inn. .3.1 wk Feb.
3-1,712
41,377
241,120 ! So.Pao.ofN .M November. 103,874
263,797
83.200
094,290
848,164
H u . it.A Ft. W :> wk Feb
t
7.101
7,716
©3,970
53.853
Northern B y .. November. 191,334 190,597 1,840,192 1,990,542
traverse-. OWy, 34 wk Feb ,
734
785
0,951
4,951 1Sonthern K v ... 4th wk Fob 413,311 328.712 3,098,531 2,763,984
M U S.O .K .A I 3,1 wk Feb,
1,905;
2,210
18,1 0 k
13,411 ; Spok. F U A N or. Ja n u a ry ,..
25.773
18,032
25,776
18,032
_ Tf*-®*! U »«« 184 wk FVh.j 44,45652.088
342,791,
813,452 Staten laL K.
73,242
75,140 1,179,378 1,071,080
Grand T ru nk. Wk Pob.Sm 320,327 316.523 2,053,021 2,557,721 8b*nyCl.AOMtr. December.
December.
1,481
1,512
42,571
44,535
Chic. A Or. Tr W k Feb,*2
59,466
40,8351
469,146
January...
86.605 104,248
80,695
104 248
Oet.Or.II.AM Wk Feb.Zi*
13,266
17,16412-2,063
January.,.
82,580
84,773
82 530
84,778
O hM A rjntm go, Jamiury. ;
2.074
4,177
2,974
January.
109.27.* 189.026
109.275
189.020
Great Nnrtb’n Texas A Pacific •4th
Feb
81.P . M. A M. 1 - bnMrs.
880,310 683.973, 1,732,725 1J173.884 Tax.B.VaiAN W J a n wkry ... 161,2X4 150,407 1,122,032 1,146,575
ua
3,151
4.481
Fast o f Minn,. ;February.,
3.4.54
4,461
181,300 roLAOhloCent, 4th wk Fen
95,130*
228,039
37.892
30,101
276 014
267.009 ^
M ratanaC ant February". 143^939 110,404
288,337
210,322 rot. P. A W est.. 3d wk Fob,
*21,701
21,070
J
— ...............- Tot, system . {February,.| ,l 4 0 4 x g 889.573 2,259,310 1,771,511
148.732
1 3 8 ,3 4 0 #
r » l,0 t .L .* K .O . Uh w k Feb
39,818
31,287
208,205
221,703
wA.Tun.AWB. jJ unitary.,
3,670!
3,383
3,070
3.383 Ulster A D el..., December.
28.777
27.450
nmest'nAXtien -1atiuarr..
410,552
411,457
10,700
9,35910,700
9,259 Wabash.... ......... 4th wk Feb 283.002 230.712
1,003.077 1,750,0*27
Railroad Intelligence.
RAILROAD
EARNINGS.
IS
M
/,ntest O ron B a m in gi.
BOADI
[Vol. LXII.
THE CHRONICLE.
4o2
Week or Ho
l«9 5 -0 . | 18915.
\ Jan. 1 lo Laletl Dale.
1895-6.
1894 5.
Union Pioltlo—
Do. Pae. R R .. December. 1,142,431 1.110.645114,336,291 14.817,807
Or.8.1.. A U. H December. 471,077 382.823 5,394.198 5.009,467
782.657
614,076
68.195:
49,153
ei.J oi.A O ii.ii December.
112,0-19
75,415
7.797!
Kan.C.AOm December. I 10,943
93.554
95,431
15,427
14,808
Tot.St.J.AQ.1. 3d wk Feb.
85,600
23,000
ll.OlO 115,000
Cent.Br.........a 4th wk Feb
A Oh. Col. A P. Decem ber.'
27 "03
21 86:'!
270.703
355.828
Adl.J.O.A W P
872,864 1 709 569 22,350 404 23.171.791
air’d total.'e December
U.Pao. I). A G December. 261,102 247,844 3.091.4^0 2,847,057
101,762 143,707 1.080,70 2 1,335,879
F tW ’ t h & D .a December.
292,174
288.577
41,895
33,* 34
W io o A Northw. I icccm ber.
West Jersey....... November. 1 1 i ,580 108,574 1,559.075 1,474.076
70,121
90,305
70,121
90,805
W.V.Cen.A Pitts January...
342,325
349,940
28 ,-39
31,189
West V a A Pitts November.
533,604
550,059
43,176
63.5781
Western o f A la . ...... Qiber.
98,737
92,354 1,298,187 1,248,453
West. Maryland. December.
312,900
311,917
40,700
42.000
W est.N.Y. A Pa 2d wk Feb.
195,243
190.334
25.490
26,944
Wheel. A L. Erls 4th wk Feb
575,787
510,195
89,512
78,8871
Wlsoonstn Cent. 4th wk Feb
9 089
5,908
5.9081
9.0891
WHehtsv.ATen January...
• Figure* given <lo not include Oregon Ry. A Nav., Un. Pac. Denver A
Gulf, Deuver Leadvllle A Gunnisou, Montana U rion and Leavenworth
Topeka A Sooth vestern. a These figures Include results onl eased lines.
t> Includes e a r n in g from ferries, eto., not given separately. 1 M exi
can onrrenev. c Inelndes o n lv h a lf o f lines In which fTn^n Pacific has
a h f interest
i Last year’s earnings were swelled by the strike on
th e surface roads.
/ / Includes operations o f the Chic. Burlington A N rtliern in both
years.
§ C oveis results for Hues directly operated east o f Pittsburg.
For the month of February 67 roads fall that have furnished
siatements for the full month as yet) show aggregate results
as follows :
1896.
1895.
Increase.
$
Month o f February.
$
$
3,327,250
Gross earnings (67 roads) 26,422.771 23,095,521
Per Gent.
14-41
It will be seen there is a gain on the roads reporting in the
amount of $3,327,250, or 14’ 41 per cent.
Net Earnings ttouthly to Latest Dates.— The table follow
ing shows the net earnings o f S t e a m railroads reported this
week. A full detailed s ta te m e n t, including all roads from
which monthly returns can be obtained is given once a month
in these columns, and the latest sta te m e n t of this kind will
be found in the CHRONICLE of February 29, 1396. The next
will appear in the issue of March 21, 1896.
Rouds.
.
Canadian Paciflo.a
Ches. O. A So’ w n.b..Jaui.
July 1 to Jan. 3 i . . . .
.
5
.
.
c.
Gross Earnings.— s
E arm ngs.1894-5.
1895-6.
lt-95-6.
1894-5.
*
$
$
495,950
3 46,720
1,474,793 1,171,038
176,930
73,163
203,295
53,419
1,541,444 1,394,235
563,739
528,689
793,325
2,593,605 2,371,832
712,467
126,228
129,643
21,369
21,657
319,950
1.721,047 1.596,517
318,757
52,290
52,486
3,p47
5,166
63,024
3)7,702
410,268
72,741
531,515
219,302
569,566
215,870
4,651,835 4,239.055 2,053,726 1,819,017
.
.
July 1 to Jan. :
7'es Moines Nor. A West.
184,(77
f 0,716
230,129
61,915
July 1 to Dec. 3 i ...
321,903
380,S64
131,896
90,605
Jan. 1 to Deo. 3L ... .
91,320
90,691
20,210
11,669
D og. Lana. A Nor.a..De<
254,303
200,169
Jan. 1 to Dec. 3 1 ..... 1,149,655 1,093,7 23
38.955
52,562
21,641
1,234
Georgia A A lab'a d. Jan.
1890.
Increase.
Utcrtu.*e,.
4//i iccek of, February.
1896.
335,457
300,394
99,437
56,743
July 1 to Jan. 3L — .
592,184
Illinois Central, a.. Jan.. 1,812,277 1,609,156
533,048
*
July 1 to Jan. 3 1 ___.13,077,485 11,437,162 4,647,4<j4 3,405,607
3,7 t7
Alabama Gt. Southern..
10,211
41,143
30,878
Kanawha A Mich. b..Jan.
8,065
6,581
Ann Arbor........... ..........
241,592
71,656
284,o y l
July 1 to Jan. 31---69,008
2,->6Atlautie A Danville .
12,590
Balt. A Ohio Southwest.
.
388.070
356,747
116,530
103,729
3.501
Brooklyn E levated....
. 2,790,166 2,770,769
875,471
873,319
Buffalo Roch. A Pit tab’g.
32,422
92,711
32,312
115,563
Kan. C. Mem. A B .. . Jan..
20,857
3^337
Burl. Ced. Rap. A North
766,923
649,649
172,142
July 1 to Jau. 3 1 ----137,687
87.mu
Canadian Pacific............
66.953
Laclede Gas-L. Co..
44,588
66,407
Chesaneake A Ohio....... .
17,530
148,695
Jan. 1 to Feb. 29 —
Chicago A East. Illinois
159,471
Chicago Great Western.
67,493
622,055
Louisv. A N ashv.b.Jan., 1,688,537 1,602,102
619,891
Chicago Mllw. A St. Paul
120.039
July 1 to Jau. 3 1 ..... 12,403,119 11,783.980 4,506,497 4,697,674
9.35><
Clev. Lorain A Wheel’g ..
822,232
793,043
Mexican C en tral___Jau. .
318,818
355,421
Col. Sandusky A Hock’g .
7,396
Denver A Rio G rande....
445,432
428,223
15, 00
t2J1,699
1229,447
Mexican National ..Dee..
Evansv. A Indianapolis
681
Jau. 1 to Dee. 3 1. . 4,513,206 4,329,079 12,071,4.09 11,891,963
Evansv. A Terre Haute.
4,551
Mobile A Birmingham
Ft. Worth A Rio Grande.
161,211
17L662
1,531
30,898
27,471
July l to Dec. 31 ...
Grand Truns o f Canada
“ 4,3*04
295,690
2^5,092
11,211
Jan. 1 to Dec. 31___
42,495
Interu’l A Gt. North’n ...
'4,507 New London NorthernIow a Central.......... .....
16.205 i
164,987
149,744
53,1^5
46,826
Oct. l to Deo. 3 1 .. .
Kanawha A Michigan—
4,0821
650,29 i
611,776
215,494
Jan. 1 to Dec. 31---228,343
Kan. City Pittsb. A Gulf
5,334
173,495
N. Y. Sue. A W est..b Jan.
200,357
75,764
82,362
Lake Erie A Western----4,614
5 8 7 ,S49
441,060
July 1 to Jan. 3 1 .... 1,366,920 1,274,L22
Long Island....................
6,813
Norfolk A West’n ..a . Jan.
975,583
822,199
233,932
68,176
Louisv. Evansv. A St. L
8,888
Louisville N. A. A Clilo.
10,172
244,205
262.576
Oregon Imp. C o.a....Jan .
11,512
20,942
Loulsvllle A Nashville...
56,130
484,532
539,772
Dec. 1 to Jau. 31___
7,004
42,335
Mexican Central............
29,034
303.474
336,563
Pacific M a il... .........Jan.
23,494
33,911
Mexican National..........
13,207
628,414
May 1 to Jan. 31---- 3,196,603 2,967,562
554,152
Minneapolis A St. Louis
13,775
289,095
Philadelphia A Erie b. Jan.
249,160
41,721
23,454
Mo. Kansas A Texas___
22,6 86
Mo. Pacihc A Iron M t___
37,000
36,370
Kto Grande South, b. Jan.
29,790
15,45 »
11,248
Central Branch........
9,000
July 1 to Jan. 3 1 ....
305,945
249.115
129,624
167,767
New York Ont. A West’n.
5,243 Rio Grande W est.b.. Jan.
160,260
145,753
38,995
53,466
Norfolk A Western..........
57,^35
July 1 to Jan. 3 L .... 1,509,283 1,291.044
628,075
434,425
Northern Paelllc..............
66,784
6,839
Sag. Valley A St. L. .Deo.
Ohio R iver........................
7,005
1,933
1,071
5,386
Jan. 1 to Dec. 3 L----84,058
85,941
Peona Deo. A E v an sv...
.869
18,048
21,720
Pittsb. Shen. A L. E rie..
2,142
144,451
Toledo A O. Cent, b . -Jan.
140,424
44,820
35,858
Pittsburg A Western.......
2 ,193
July 1 to Jan. 31 — 1,216,242 1,272,757
403.971
456,646
Rio Grande S outhern....
5,970
a Net earnings Here given are alter deducting taxes,
St. Louis Southwestern..
15,100
b Net earnings here given are before deducting taxes,
Southern Railw ay..........
85,102
d Figures for 1896 do not include results on Albany Fla. A No.,while
Texas A Pacific...............
4,747
those for 1895 do.
Toledo A Ohio C entral...
7,791
* Includes eperations of the Chicago Burlington A Nor. for both years,
Tol. ttt. L. A Kan. C ity..
8,532
t Deducting other expenditures for repairs, replacem ents aim general
Wabash............................
43,290
Wheeling A Lake E r ie ...
1,448 expenses, net income applicable to interest on bonds in Decem ber was
$ 36, 197, agaiust_$59,893 lasG year, and for tw elve months to Decem
Wisconsin Central..........
10,625
ber 31 $1,064,947, against $900,922. After adding earnings received
Total t50 roads)............ 6,454,312 5,451,274 1,033,035
19,997 from Federal Government net Trom January 1 to D ecem ber 31, 1894,
was $1,024,808. This is the resultin Mexican dollars treated (according
Net Increase <18 40 p. o.)
1,003,038
to the com pany’s method of keeping its aecouuts) as equivalent to 80
cents in
m on ey
For the third week of February our final statement covers cent has United States allowed -th at is, all depreciation beyond 20 per
already been
for.
Latest tiros* earnings by Weeks.-—The latest weekly earn
ings in the foregoing: are separately summed up as follows:
For the fourth week of February our preliminary statement
o o v e r 8 5 0 roads, and shows 18‘ 40 percent gain in the aggregate
over the same week last year.
80 roads, and shows 5 ’83 per cent gain in the aggregate.
3d icctk o f February.
Prev’ly reported (GO r’dai
Chicago A Grand Truutc.
Chio. Peoria A 8 t. Louis.
OtUeago A West Michigan
Cleve. Canton A South’n
Clev. Gin. Cliio. A St. 1,..
Des Moines A Kail. City.
Det. Gr. Hav. A Mllw—
Detroit Lans’ v & North’u
Duluth 80. Shore A A t l.
Flint A Pere Muriiuetto
KsnawHa A M ichigan---Kaii. City Ft. 8 . A Mem.
Kan. City Mem. A Birin.
Kan. City Suburb. Belt...
Keokuk * Western..........
Memphis A Charleston..
8 t. Joseph A Gd. Island.
6 t. Louis Alton A T, II..
Sherman 8hreve. A 80...
Toledo Peoria A West’n ..
Total (80 roads)......... .
Net increase (5 83 p. 0.).
1896.
1895.
increiuo.
$
5,360,091
59,466
21,-59
25,090
9,906
214,764
2.438
13.26i
15,83t
31,884
44,805
8,146
80,736
19,4 It
4,561
7,354
25,666
14,808
2\4S0
5,594
21,761
$
5,031,384
49,835
19,298
28,557
11,495
229,623
1,378
17,164
21,012
31,375
44,625
0,3 :4
78.404
15,951
3,308
6,341
16,541
15,427
27,600
5,165
21,076
$
1
441,330
9,-)31
2,564
6,013,32:
5,681,913
475.765[
331,414
1,060
509
280
2,092
2,332
3.465
1,253
1.013
9,123
429
685'
Mftl.1. W
4
1
112,623
3,467
1.589
14,859
3,898
5,176
619
2,120
............
144,351
Interest Charges and Surplus.—The following roads, in
addition to their gross and net earnings givea in the foregoing,
also report charges for interest, &c., with the surplus or deficit
above or below those charges.
r-Inter'l, rentals, dtc.s <-Bal. o f Net Earns ->
1895-6.
1894-5.
1895-6.
1894-5.
Roads.
$
$
SR
*
Chic. Burl.A Quincy.. Jan.
889,000
872.955 def.86,675 df.160,483
unie. A West M ien-..Dec.
33,846
36,939 def.9,477 def.15 ,33‘
2
Jan. 1 to Dec. 3 1 ___
405,132
397,447 def.85,182 det.73,690
Deuver A Rio Gr’de. Jan.
176.208
197,383
43,594
18,482
July 1 to Jau. 3 1 ---- 1,355,279 1,4 04,3 /7
701,447
414,640
Det. Laus. A N or....... Dec.
29,868
32,382 def.9,653 def. 20,713
Jan. I to Dec. 31---362,130
361,221 df.107,827 df.16 1,052
Kanawha A M ich... .Jan.
10,097
10,232
*114 def. 2 ,167
July 1 to Jau. 31___
71,565
7 5 ,i6 0
*91 def.6,152
Kan. C. Ft. 8 . A M .. .Jau.
114,586
103,072
1,944
657
July 1 to Jan. 3 1 ___
807,129
77.1,1*9
68,342
94,130
Kan. O. Mem. A Bir..Jan.
13,866
11,228
18,446
9,629
July 1 to Jan. 3 1 ___
9<v>70
78,602
75,072
59,085
Rio Grande South. Jan.
14,343
...........
1,111
July 1 to Jan. 31 . . .
99,634
.................................. 63,083
8ag. Valley A 8 t. L . Dec
3,557
3,557 def. 1,619 def.2,4S6
____ ____
Jan. 1 to Dec. 3 1 ....
42,680
42,680 def.24,032 def.20,920
Toledo A Ohio Cent.. Jan.
38,804
40,022
*6,535 *def.3,791
July 1 to Jan. 3 1 ___
273,590
241,592
*132,471 *2i7,828
A fter allowing for other incom e received.
THE CHRONICLE.
Mabch 7, 1896.J
STREET R U U Y A S S AND TRACTION CJHEA.SIES
The following table shows the gross earning for the latest
period of all street railways from which we are able to obtain
weekly or monthly returns. The arrangement of the table is
the same as that for the steam roads—that is, the first two
columns of figures give the gross earning* for the latest
week or month, and the last two columns the earnings for
453
interest Chirges and Surplus. —The following Street
railways in addition to their gross and net earnings given in
the foregoing also report charges for interest, &c., with the
surplus or deficit above or below those charges.
Roads.
W aterbary Tract. C o.Jan.
-Inter't, rentals, <tc.— -Bat. o f Not E arns.—
,,
,
1895-6.
1894-5.
1895-6.
1894-5.
3,158
9
...1 ...
9
6,162
.............
STREET RAILWAYS ASO TRACTION COMPANIES.
Gr o s s
E a r n is o s .
Latest Gross Earnings.
/an . 1 to Latest Dale,
Week or Mo 1S95-S.I 1894-5
1895-6. : 1394-5.
*
*
S
I
»
3,564
Amsterdam St. B y — January.
3,564
3,257
3,257
Baltimore T raction... 2d wk Feb. 22,270 19,027 132,535 115,772
1,422
1,110
Bath S t By. <N Y .).. January..
\
1,422- l , 110
6,927
6,034
Bay Cities Cob *
Jaauury. . 6,827
fl,081
Binghamton Sc. B y ... January...
9,76,
8,052
9,7»7
8.05 4
4 ',974
34,838
Bridgeport T raction. February.. 21,078! 16,063
19.657:
Brockton Coo. St. Rv. Ja n u a ry... tw,6>7 17,153
17,153
.
325,379
Brooklyn Haights ... Februar,-.. (15.311 158,778
97,143
16,138
BFklyn Queens A Sab February.. 47,833 22,702
B rooklyn Traction—
A tlantic A w ............ December. 76.887 80,532 829,02e| 942,765
148,0 75 120,88s
5 965
4,983
Brooklyn B. A W. t: December
T o t a l...... . . .
De<ember 87.96J 93,579 ,026,699 1,133,925
Buffalo B y ....................iDeeem ber. 16 1,749 132 872 1,714,163 1,530,2-4
14.817
1 (,981
C entralT rac.iP itub.t January... 14.817 13 .9 8 1
12,497
11,395
Chester T ra ction .. ..J a n u a r y ...: 12,497 11,393
65.871
63,364
Chic. & So. Side K T - J a n u a ry .... 65,871 63,3 >4:
46.700
39,435
Cm. Newport 4c C or.. January... 46,700 39,435
1.448
City Else. (Rome,Ga.».January, .
1.4*8' ............>
81.902
72,618
CJercland Ftty Ry.
Ja n u a ry... 81.902 72,64Cleveland E lectric... January... 125,408 103,893: 125.4 >3 l"3,8i.e
41,271
27,000
Colom bo* BR. iQa.) . December.
3,121; 2,34i‘
Coltuubu* Bt. Ry (O - 2d wk Fob., 11.018
9,638
ai’ Ys
A
Coney Island A B 'lyo. January. . 21 ,4 -8 26,8226,929
51.340
Denver Con. iraiaw J a n aa ry... 54.540 55,696;
55,696
3,795:
Derby Street R y ..........Saptexnb'r.
7,610
Detroit K y.................. January.... 35,134
17.662 2 13,219 204,105
liji-im.-;. e . .......... d, - r i-,i
10,8X5
9,802
Erie Elec. Motor C o .. J .in ju ry ... 10,83 5 9,602
1.195
t lushing A CoUevePt January. . i 1, 05
199.133
216,271
Galveston City R y ... December
15,784 17,211
HeatonvUle M. A r . Arch S tre e t.............. December. 49,829 29,192
2.172
Race Street.......... 'December. 10,26',
60,094 31,664. 511,193 303,891
T otal...................... : December
555
1 35
Hoosick R y ................. 'January.
17,776' 16,189
Houston City Ht. f l y .. December
..........’ <
Interstate », « i :
7,762
North Attleboro . . January.. .' 7.762
44,679
52,8 *3
Rake St. Kiev. tCbU d.January...: 52,656 H ,6 7»
119,388
10,548, 10,087
97,202
Mhfatfc T raction......... DecemberI.Sim
...... ..J
lj>ck Haven Tracttun December.
5,707
60,176
Lorain »t . Ky................December
26,725
2 1,725 iV ,340
23,510
Lowell Law. A B » . . January.
Lynn A new ton,. . . . . . ‘M w* i «»> 20,642 20,3 >3 119,0 4 lio .1 7 4
187,854 170,158
a!etr«l».lK ab*a»C nyt 2 wk« Feb. 58.352 50,334
3.504
3,505
3,688
Montf-ornery tri. Ky January
3.686
73,910
93,057
Montreal Street K y .., J a n u a ry ,.. 95,097 73,910
Nashville st. Ky..........December. 27.7A0 26.1 ,i'.
3 , 59 4 ;
5,918
Kewbur* E lectric___ .November.
New Kncmnd St.—
Wtnebeater A v e ....tO oeem ber. 15,406 14,881 232,214 207,339
2 ," 3 i
1.874
WM
S15: 23,951
FlyuTth A K in**n »s 0<w:«nber.
2.KIO
3.791
T o ta l................... j 4th w * Feb
"i'.oili ’ '2,485
2,483
NewH aveoA C eotreTcJanuary. • 4,620
22,970
27,309
New Haven St. K r . ...i Fobs-vary,. 12,660 10,347
2,478
2.68®
N*WIa>B<ton »t. R y .,;'J a n « » t y „ .1 2.686
.. ...
2.428
91,044
105.329
New Orleans Traction J taunt y ... 105,329 91,044
t,015.076 1,100,017
N Y .B B a n « » . . —..,'DecetolKsr
Northampton st- K>.
4,335
6,612 4,3856.612
I k u i . i ...................... January ,
OrlensVmrgSt. K y. ;J ca n a ry ..
1,039
i.&
St*
19.271
Paterson K / ............. iJa n u a ry.. 2.5,:*3«; '{7.271
23,33
Pitts, Frontetiae A;
1.397
Sob.Elee Kr.tKao,):January.
1,397
36,752
2,595- . . . .
Portsmouth »%. K y .. jOeeewber.
l*o"k(*ep*!e A W app. F .f Decern ber.; f ~ .
#3.537
10,555
Beading Tracuott....... 'Jan u ary... 12,2", I 10,3 451 12,2-41
2,625
2,431
Roanoke street,.___ _ J a n u a ry...
2,431 i
2,625
68/»yJ
62,09,1
B ochw ier Ky. — , ... Ja nuary,.. 64,932' 82,999'
7,8 Jl
BtiitsyMtUl Ttactino... J unary ...
6.825
5,823 •
’
7,831
39,7.2
Srb'.iylklli Val. Trac. t e a m lw r ,; 4,120
49,934
3.165;
19,5 >
5
19,505
35,463
8cf*ttl«a Tractloo ... Jatmary. .■ 2 \ iaeronii a v -. i PltlAb., Ov. ember i 37,555
8!oa * (Sty Traction
fanuary. .
' 0.606
••.v.n 'ii'ob'd ' 6,491
15,4.14
Btelnway Ky........ .
Jauaary... so . n - 13,461'
20,439
Htrcstnr Railway. .. C iv w n e r .
1,129,
1,162
15,699
Byraeust! c«mau>.. . . . January...! 11,121 1.4 609! 'ii'.iVj
ByraeakeE’ rt-NSdsKy, Ja n ask y...: 2,657;
_
2,657
i i ’,23’ i
22 .17B y n ca M B t. K K ..___'Jan uary... 22 ,17.: 11,231
22 ,17.
7,908
T<-rre Haute LVe, Ry, JaoHstry,,.' 12,819
12,61ft: 7,009
1 2 .. 19
133.590
Third A vs. tN. V J u n i o r ' 198, 752 ■■1-5.590 194,758
7 ',3 7 7 70,537
Toronto R y .................Ja n u a ry
70,5*7
74,7477
Twit) City Ban.Tratt-iJanaary— i 156,913' 152,031 ’ lit.Wfc 162,031
12,207
Union (N. Bedford). January..
* ..................... ...
14,595
14,565 12,207,
Union B y. {Butdsair).{Decerntier.
127,817
0 ,8 1 7 .---------United Tta t. fibov I'January... 131,579 116,919 131,470 116,9 49
Utica Beit Line..... ..Ipecembcr.
161,836 149,104
2 513
Wakeffsht A - tone — J a n u a ry .,.
3,228
2.333,
3 ,2 1 .
17,242
W M n lw t! T raction.. January... 21,436: 17,242
21,456
9.872
‘■ beeline Balt w a y ... J aim ary... 1 1.17'.
V
9,872'
11,476
Wilke*b. A Wy. V alle; January ..
3 5 ..
59
28,1 46
24.446
•
Wilmington Strettt. -. Iteccisber.
3,092: 2,A00!
WorrwUT Consol.......Ia;ceml>er
30.034! 31,712 441,603 307,228
Street Railw ay Net ftsrnlag*,—The following table giver
the returns of 8TB e rr railway gross an 1 net earning, received
this week. In reporting the*.* net earning, for the street rill-
wavs, we adopt the a-ime plan aa that for the steam ro i h —
that is, w« print each week ail the returns received that
week, but once a month {on the third or the fourth Satur
day) we bring together all tin; road.-) furnishing returns,
—!!?•©«* la m l i i a i ,— , , ----- Net garntngs. —
1895 6 ,
1894*5*
1894 5
1 soft. 6 .
Umrf*.
*
*
-f
.*
3.121
Bi1 d|€jp^rl Traef’n , Vet*.
10.653
6,573
21,271
Jim* I to 9wb 2
8,495
43,167
35,433
13,297
Eiglllli A f t 1 tie 43f* Tf'4 —
®
Oclw 1 t*j Dm. b l
30,505
162,107
190,076
20.019
M ontgoioery St.. Ky. Jao.
3,889
1,341
3,503
1.619
W aterbary Tract'll ..Jan,
17,212
21f456
9.320
ANNUAL
REPORTS,
Annual Reports.—The following is an index to all annual
reports of steam railroads, street railways and miscellaneous
companies which hive been published in the Chronicle since
the last editions of the I nvestors’ and St a bet R a il w a y S up
plements.
This index does not include reports in to-day’s Chronicle.
R ULROAD3 ANH M llCSL CO'S.
R a il r o a d and Mjscel . Co ’ s (C on .)
Volume 62 Page.
Volume 62—
Page.
35
<0
American District Teleerftph-...... 230 1*3ke Erie & Western..................
American Soda Fountain .......... 875 Lehigh Coal & Navigation
352
American
w Board.............. 817 Mexican Central......... ............
315
National Lead
Nar
’
Amem-au Tobacco. ....................
N l_____ . . . . . . Oil .
&
Baltimore Chesapeake A Atlantic.
National Linseed
Canadian Pacific ..........................
Northern Central ..........
Central HR. of New Jersey ......... 3»>0 Philad elp hiat& lieeading .
&H*
Central Vermont.................
315
3L> ! Ouine? Mining C o........ ...............
359 gtLLouis Merchants’ Bridge Tertn’l
Oregon Railway A Navigation Co.
S ijo St.PauS 'Hia-'i'6
taw Oklahoma A Gulf.
Philadelphia & Erie ..... .. ___
nimG Mammon
& Bah..
-ado Midland
vumbos Hock. V
.-rcm!
elephone._____
Consolidation Coal o f .V(I ..
I
317 Street's Western Stable Car Line,.
Delaware A Hudson Canal ■ • 1828.410 ’fiw
•
ntoii Potteries____ . . . . . . . . . . . ____
Delaware Lackawanna \ Western 8558 United States Leather .. — . . . . . 411
Diamond. Msteii................
317 '
Kdison Elect. Ilium., Brooklyn. 184,288
Edison Stae. Ilium, o f N. Y
Erie reiograph & Telephone
rop..
Hsmttngdoa & Broad To
IlllootaSteel..... ......
S t r e e t R a il w a y s .
184, 8dl
275 Louisville Railway . . . . . . . . . . . . . .
3id
N o rth H udso n O ountv. . . . . . . . . . . .
ill
A lt
310 Sacramento Electric row . & LgL, 411
PfinngjlTanii Railroad.
( Report fo r the year ending Dec. SI, 18H5.J
The full text of the annual report of M\ G, B. Roberts,
i’ re-i in of this com piny. will be fou id on subsequent
pages, containing st&ilsiics of the traffic and earninis of the
past ) • u Remarks upon the report will also be fou id in the
• r.
editorial columns.
The earnings, g-neral income account and b fiance sheet for
three vests, compiled for the CHRONICLE, are given herewith,
p re s e n tin g an m teres l o g c o m t ia r r io n .
SA R .V tkO S ON A I.!, L IN E S H O TH E A S T AND W E S T O F F IT T S B C S O AND E lt t K .
Oross earning*.................................
1894.
1895,
$120,137,054
85,031,213
#39,861,526'
Net earning*..............
$13 ;,7 2 o ,8 l2
m2 - >!', 197
$35,105,841
T R A F F IC O S A L L L IN E S HO TH E A S T AN D ' V E T O F F im U C t t O AND E R I E .
Pa.wntii-r. carried ........................
1305.
75,058,479
Pa»**tDK«ir» Carrmd 1 mile........ .
1,5 57..#1,050
Frelitbt (tons) carried...........................
1 6 0 ,4 lo ,l4 4
F rrlrbt ttons),carried l mil*',............ 14,395,266,375
1394.
77,251,068
1,800 408,578
121.'179,852
12,162,108,168
Below are given the resu tr on the lines east of Pittsburg
and Erie, com prising the ••Penosylvanit Railroad Division,”
the ••United Railroads of New Jersey D ivision ” and the
** Pniladsiphia & Erie Division,”
T«AIFtC ON LINKS J5A-T OF mTNBCHO AND ERIE.
1895,
1894
1898
2,671
2,675
2,6 18
37,452,437
PatseBger* carried — . . . .
88,598,165
44,135,82 5
P a w csn e r. carried 1 m ile. ? ! 2,072,950 693.010,056 813,652,861
1 '953 CM,
l -99 5 eta.
it«t« per pass, per m l!»-----i -977 ota.
04,677,694
Ton* carried
69,887,460
78,259.526
T " 0« c,ii tied o b i * m i le ....... 8,172, i l l , 403 6 ,9 :7 ,U15.0J27,4.4 !,366,4 *6
Kate per ton per m t lo .......
0 583 e ta
0-585 et*.
0*614 ct-4.
Mlle« operAtcl....................
EAUSINGS A2U
>
Burning
F r e lc b t ...................................
MaiU........................................
M5 UftbfiOQM
.......... ...........
Renta ................. .......... ...
Delaware * Karl tan C anal.
OP USES EAST OP PITTAJUUHG AHI> ERIB,
1894.
1893.
1893.
$
#
$
45,606,909
43,022.018
49,112.551
1 Ml 21,423
14,399,313
16.923,195
1,198,29)
1.517,043
1,239,896
1,445.960
1,417,783
l,40 e,754
706 19 1
429.647
739,260
230,833
441.328
2 >8.469
237,641
317,141
274,438
84,627,17#
5 3,704.38 4
66,375.223
Del. A R u lW J Canal..........
7,99 1,885
9,555 886
2'>..100,fi l l
1,351,078
308,804
0,5!) 1,735
8,356,282 ?
21,913,138 i
1,202,278
300,323
6,875,190
33,816,823
972.534
331,471
T o t a l ....... ..........................
Net < »rnliis>...................... .
•
P‘, ct. op. esp, to e a r n in g s...
44,510,6 >6
20,110,5 23
68-87
40,303,747
18,310,537
08-70
41V'06,018
19,379,203
70-80
Cl rosji ear® In st.*.. . . . »
Bjrpmnm$—
MMn. o? way and »t
*
*
o f equipment*
Tr.in-ipo.tnliriu......................
O K N E R A L INCOME ACCOCNT.
R CCiplS—
Net P i'iiE w *. a ' a b ove. . . .
I nt. Oil I’.,, if It Hi v..:n!tll -ntluL on United >. J. UK. V
and catia! t*atjarllies
Went* o f t;lilte d
S
1893.
•
20,116,522
4,353,987
1893
19,379,205
4,955,037
$
257,100
214,569
27J.022
332,340
120,032
311,422
328,382
41 ,4)9
324,954
337,927
32.935
113,007
2 5 ,1 7 9 9 8 3
23,853,733
25,416,147
J. Kit.
Can ii propertl - - ........ .
I ut. fur use of eijiiipm eat...
Iiitcfesi. Ennerai sice mat .
MUeeliaaeoua ............... .. .
1894.
18,340,537
4,619,894
i nr j
4r>4
Balance, as above...........
From this balance deduct—
Pajm euts to trust funds . . .
C u mor. sink, fund s c o t ...
Allegheny V. KK. D e fo y .
Extraordinary expense* . . .
Balance to credit o f incom e
after deduct, all p a jm ’ ts.
Dividends ..............................
Rate of dividend..................
Bal. to cr. o f profit At loss..
Balance iu settlement of
cl ilnis and old accounts,
etc , lnolud. Pa. Co. d iv ..
Add profit and loss Jan. 1 ..
1894.
$
8,950,441
4,155,706
127,058
««4,945
*479,463
14,649,550
10,530,432
14,383,614
9,470.120
9,779.234
pr. 727,694
24,505
8,779,258
pr. 679,461
11,400
10,530,432
9,470,120
87.217
314,780
156,715
1,327,250
74,340
324,780
325,980
1,385,272
2,110,372
8,634,470
0,405,011
6 p. c.
7,359,748
6,461.617
5 p. c.
2,169,459
895,099
2.169,459
23,155,032
895,099
26,478,151
25,325,091
Balance......................
The abort balance ica t made
up a* follows :
Net income Pa. RR. D iv ..„.
Result on Uolon N. J. D iv..
Profit on Phil A. Erie D lv ..
c
1895.
$
8,896,001
4,103.776
128,069
602.031
*859,014
1,995,962
TWiirt—
Rentals.................................
Interest 00 funded d e b t ,...
Int.on men*. A grouud rents
lulereftt oo car tiuata..........
State taxes and m uoell’s . ..
27,373,250
8crlp div. oonv. into stock.
Charged oft in adjustment
o f Un. N. J. RR. ana Ph.
A Tr. construction, etc.,
Deduct int. on bonds acc’d
To Jau., *96, not matured,
less amt. due from investAiut. charged qfl for securi
ties and sundry accounts.
4,217,620
iness industries of th-< great iron, c tal and cuke centres of
Western Pennsylvania and Eistern Oui> cim m m eed to show
revival, after having pissed through a p-riod of extreme de
pression prevailing during the entire p eviius yesr.”
General Finances— “ Since the close of the fiscal year ar
rangements have been made by which the c tmpany will be
15.299,712 reimbursed to the extent of about 81,000,000 for advances to
10,116,435 the Pittburg Cleveland & Toledo Railroad Company and for
the transfer to said company of the Pittsburg & Western
Railway Company's interest in the Trumbull & Mahoning
10,296,248
loss 194,529 Railroad Company.”
Maintenance— “ The physical condition of the roadway and
14,716
equipment of the system has been greatly imoroved during
10,116,435 the year, and 2,500 tons of steel rail and 104,244 ties have
73,855 been placed in the track. There was 15,772 feet of si ling con324,780 siructed during the year, of which 8,3S7 feet were for con
24 2.975 nections with mines or manufactories, and the cost of which
2.103.210 was borne by the parties for whom sidings were built.” * * *
2,804,820 “ One hundred and twenty trestles, with a total length of
19,659 feet, have been thoroughly overhauled and put ia sound
7,311,015 condition. The work of filling trestles, where practicable, has
6,400,500
also been taken up, and will be completed as rapidly as pos
5 p. o.
sible.
911,107
“ No charge has been made to Construction and Betterment
Account for improvements on the Pittsburg & Western Rail
way proper for the year closed.
1,640,673
“ The car and engine equipment have been maintained in
2,551,780
26,461.861 first-class condition. Extraordinary repairs have been made
to 438 freight cars and 24 locomotives, at a cost of $132,539,
29,013,641 and charged directly to operating expenses, and $152,333 was
2,535,490 paid to retire Car Trust Equipment obligations.
‘No passengers were injured during tne year, and the road
was exceptionally free from accidents.”
Statistics.— Earnings, expenses and charges for three years,
and the general balance sheet June 30, 1895, were as below :
E AR N IN G S, E X PE N SE
945,083
23,553,170
4,217,620
23,155,630
2,535,490
26,173,151
' In 1 8 9 5 includes all taxes ; ia 1 8 9 4 only taxes paid State o f Penn
sylvania on stock and bonds.
* In 1895 included in • earnings. ’
*
G E N E R A L B ALAN CE SH E ET D E C E M B E R 3 1 .
1895.
Assets—
$
Construc’n, equip’t, <fcc., RR.
between Phila. A P ittsb... 118,402,331
c
Cost o f b on dsof Railroads... 33,628,956
Cost o f stocks o f Railroads.. 73,713,702
Cost o f bonds and stocks and
investments not otherwise
en u m erated ........................ 10,693,248
Mauag’s o f Tr. created by
Penn. RR. Co. Oct. 9, 1878.
4,495,191
Penn. RR. consol. morL,less
redeemed and canceled___
3,567,820
Trus. sink, fund eons. mort,.
Insurance fund.......................
10,000
Mortge. and ground re n ts ...
103,000
Cash tojredeem Al. Val. b ’ds
2,095,307
Securities o f U. N. J. Co.’ s
transferred with lease.......
3,283,461
Materials on hand...................
3,021,431
United RR. o f N. J. sinking
fund and redem ption.................................
Advances to other Co.’ s for
oonst’n. & other purposes.
7,183,600
Bills r e ce iv a b le ....................
565,115
Cash*........................................
12,691,683
M iscellaneous........................
4,810,963
Total ................................. 278,265,808
Liab lilies—
Capital stock...................
129,301,550
Funded debt........................... 75,953,840
Mortgs. A ground rents.......
c
4,003,071
Penn. Co. for iusur. unlives,
Ac.. “ Tr. cert’s”
............
7,702,000
liar. Pt. Mt. J. A Lan. stock
c
guar.......................................
1,182,550
Har. Pt. Mt. J. 4 p. c. bonds,
g u a r ............................. . . . .
700,000
Traf. bal’s due other roads.
889,205
Payments for leased equip..
483,000
Pay-rolls and v o u c h e r s ___
6,233,450
Dltideuds audlut. unpaid..
101,412
Sundry accouuts due other
roads .................................
9,374,749
Due employees saving fund.
80.997
• relief fund ....................
•
309,792
* insurance fund..............
*
65,227
M iscellaneous.......................
981,359
Sccur. of Un..v. j.C o 's trans.
with the lease....................
3,283,461
Fund for pur. o f scour, guar.
Itr. o f Oct 9. 1>*78)...........
4,582,408
Trustee o f oon*ol. rnort___
411,882
( <H M «bonds sink »g fuud.
U
5,339,800
Aij.
i .j . itutrnp. BCCt___
2,095,307
Int. net'don Feiiu. RR. Co.
bonds...................................
1,637,277
Balance to profit aud loss.. 23,553,470
Total,
279,265,808
1894.
$
1893.
117,658,072
34,047,112
73,272,969
123,084,225
33,544,704
73,594,330
11,685,575
11,546,875
4,420,850
4,346,995
3,243,040
2,918,260
12,759
10,000
33,450
$
i 0,00*6
104,450
3,283,460
2,377,609
3,283,460
3,436,501
2,576,540
5,147,031
230,616
9,021,283
3,485,811
4,388,306
850,623
8,325,469
1,824.998
267,987,928
273,777,997
129,298,200
71.103,840
3,950,396
129,271,050
70,788,940
3,919,800
7,702,000
7,788,000
1,182,550
1,182,550
700,000
597,987
402,500
149,772
700.000
573,177
322.000
4,828,006
150,771
10,203,314
60.008
468.686
63,716
870,682
13,63 ?,804
64,445
361,212
33,493
1,289,147
3,283,460
3,283,460
4.495,191
319,971
5,015,020
4,690,240
4,9 6 5 ,0 0 2
4,420.850
23,155.632
26,478,*152
267,987,928
273,777,9^7
oash in hand of
Pittsburg & Western Hallway.
(Report fo r year ending June SO, 1895.)
The report of Pre.ijdent.Thomas M. King states that “ with
the opening of the fiscal year ending June 80, 1895, the bus
AN D CH AEG ES.
1895.
Earnings
$
F reig h t....................................... .2,300,450
Passenger.................................. . 4.=»8,905
Mall, express and mlscellane's
92,631
15,9> 5
R e n t a l ................. .....................
1894.
$
1,631,009
563,671
60.961
13,037
T o t a l ................................. .2,867,891
Expenses—
Conducting transportation.....1,103,351
Way aud structures............ ... . 310,952
Maintenance o f equipment .. . 409,286
General......................... ............. . 127,041
T a x e s.......................................... .
55,900
2,318,678
2,586,185
1,032,720
265,836
231,020
183,236
50,075
1,109,363
372,434
444 835
132,279
42,900
1893.
$
2,073,165
452,864
48,667
11,689
T ota l.....................................
Net earniD gs............................ .
Add other incom e....................
860,761
1,712.837
605,791
2,101,811
484,374
5,000
T ota l.................................... .
Deduct interest on bonds . . . . .
Deduot general interest.......... .
860.761
721,690
153,163
605,791
721,690
156,274
489,374
710,857
114,635
Balance, deficit.......................... .
874,853
14,092
877,964
272,173
30, 1895.
825,492
336,118
G E N E R A L B ALAN CE SH E ET JU N E
Assets.
Road and equipm ent.$25,179,677
Stoek & bonds oth. cos. 1,135,964
P. & \V. stock (com I..
520,000
P. < W. I st 4s, held by
fc
trustees......................
300,000
P. & W. 5s, eon., “ B
1,360,0C0
Real estate...................
14,756
Materials aud supplies
101,397
A dv'nces to subsidiary
and leased Hues____ 1,747,989
Insurance prem s.,etc.
55,306
Due from agen ts........
104,3 ? l
(Jasli with agents.......
196,065
C asbinhandsofT reas.
28,485
B iU & accts.reo’ vable.
285,433
M iscellaneous..............
5,249
Profit and loss..............
713,321
Liabilities.
Preferred stock. ....... $5,000,000
Common s t o c k ............
8,500,000
P N. 0. & L. E. RR. Co.
7 p ercen t bonds . . .
219,000
P. & W. Ry. Co. 6 per
cent bonds.................
81,000
P.iVW. Ry.Co. 1st M.4s. 10,000,000
do Consol. 5s, “ B ” 3,500,000
312,375
Real estate rnorts.......
Int. a ccru ed .n otd u e..
272,882
Car trust warrants___
657,687
Taxes aeerued, not due
8,255
Bills payable .............
2,712,633
Vouchers—pay-rolls ..
610,374
Duetoindividuals.etc
173,858
Total........................... $32,048,068
—V. 60, p. 1156.
Total...........................$32,048,063
Bangor & Aroostook RR,
(Report for the year ending December 31, 1895. J
The following figures hive been furnished to the C hron showing the result of operations for the late year
“ Owing to a change in the method of keeping the expanse
accounts of the company the figures include the expenses of
thirteen months instead of twelve months, §38 481 of 1894
expenses having been included in 1895 exoeases. ’ The actual
surplus for the year 1895 was therefore $47 710 ”
iclr,
Receipts.
Passenger earnin gs..J...$215,696
Expenses.
Maintenance w a y ...........$ 157,407
E xcess baggage .............
1,850 Maintenance o f eqnipm ’ t 58.556
Transportation.................
Mail service......................
12,455 General expenses............ 238,107
27,347
Express service...............
7,640 T a x e s . . . . . . . . . . . ...........
2 224
R ents..................................
1,446
T o t a l ...'...................... $483,641
Abatem ent o f taxes, ere.
1,019
Total receipts............... $721,822
Total expen ses..............$482,622
Net earnings.......................................
............................................... $239,200
Fixed charges.............................
.............................................. 219,971
Balance, s u r p lu s .....................
.............................................................. $19,229
F re ig h t e a r n in g s ...............
* Includes cash on deposit to pay coupons,
treasurer and with agents. —V. 02, p. 415.
•
|VOL. LiA. 11.
1893.
*
9.971,696
4,050,165
128,174
690,832
452,515
826,537
1,771,621
Bal. to profit & loss D ec.3l.
i;n ttu in±u ±jE.
j
4 8 2 ,7 3 4
i i f e s r - v . T ; r 8 ? 9 . e a r n in s s w e re * 336-39o; f o r i s 9 8 ’ « « *
Maryland C
’oai Company.
■will be neossaary to raise to place the company ou a sound
financial basis up to perhaps $30,000,000. This cash require
Tnis company reports the payment of $1,000 bonds and ment can of course be met to some extent fr kh such assets in
the company’s treasury which are available for sale.
earning?, etc., as follows :
The following official statement was isiued by President
„
,
1895.
1894.
1893.
1893.
Coal output...........
449,231
331.371 358,919
280,213 Coweu under date of February 39 to the security and share
holders of the B. & O:
„
.
1895.
1891.
Credits and paym ents—
8
“ A committee composed of the Naw York directors of the
$
Amount C credit of coat aoct. Deo. 31 .
O
1,029,829
9 9 3 ,3 1 9
Baltimore & Ohio Railroad Company has been for some time
Coal on hand Den. 3 1 ...................... . .. .
3,198
4,914
engaged on a plan for funding the floating debt of the com
Interest received.........................................
59 .
pany and to provide additional capital. Until this moraine
T otal credit* ..............
1*032,587
1 ,0 0 1 ,7 6 2 there was the strongest belief npon the part of the committee
Frei.-lH, mining, etc., e x p e n s e s ..............
995.547
8 9 5 ,8 2 1
and the members of the syndicate who have been aiding cbe
....................................................................................... 7,955
7 ,1 7 9
15,9 29 company that the plan proposed would be adopted in time to
Interest on 1st m ortgag • b o n i s ............
5,040
5 ,2 3 7 meet the company’s requirements.
After full consultation,
D iv id e n d s ..........................................................(4 %%) 8 1 .7 7 3
(3>s%> 6 3 .9 3 2 however, it was found to be impossible to carry out all the
details of the plan without the aid of the Court, and for that
Total paym ents....... ..........................
1.003,317
9 9 0 ,0 9 8
reason it became necessary for the railroad compiny and the
29,270
Balance, surplus......................................
11,6 64
Mercantile Trust Company of New York, representing the
T o e b a la n c j sh e e t J a n . I , IS M , w a s a ? fo llo w s :
syndicate which has been aiding the company, to begin a
QEXEK4L BjltANCE SHEET TVS. 1, 1 89 8 .
. nendly suit for the appointment of receivers, wh> should
Or.
Dr.
Beal e s t a t e ................... $2,000,000
Capital stock—com m on
* 1 1 ,ICO hold the property and operate it pending thi consummation
Im proves and personal
Prefer'd. 1,885,005 of a plan for us reorganization, and Messrs. John K . Cowan
property........... .
89,011
Treasury.
1 3,895 ao“ , Oscar G. Murray have accordingly been aooointed
G eorge's CreeS and
First m ortgage bon d s..
67,000 receivers therein. The board of directors o f the company
Ctradterl'd BE. stock.
105,000 Unpaid coupon*............
35 >
Deposits in trust cos.. . 90,752 A ccounts payable.........
29,980 unanimously approved of such action, and passed a resolution
Bills receivable..............
1.315 Dlv payable Jan., 1898,
47.095 requesting the recently-elected New York members, Damely,
Coal ou b a n d .................
9,6 '8 R oyalty account
225.030 General Louis Fitzgerald, Messrs. Edward R. Bacon, Eugene
A ccounts payable.............
91.370 Profit and loss acc't .. .
10,896 L dan > Howland Davis and William A, Read, who have been
)
.
C ast ID b a n k .
3,183
preparing a plan for the rehabilitation of the company, to
T otal.........................$2,380,324
T otal............ ......... $2,330,3 '4 organize themselves as a committee, with power to add to
- V. 60. p. 347.
their number and to associate with them a committee in
Findon. for the protection of the interests of all security and
snare holders, with a view to the speedy reorga n izin g of the
GENERAL INVESTMENT NEWS.
company’s affairs. The plan proposed will have for its
objects the extinguishment of the entire floating debt o f the
K -organization* Etc.—Latest Data as to Defaults, Re company and the securing of new capital required to place
organization Ham, Payment of Overdue Coupons, Etc.— the company upon a sound tinuncial basis, coupled with a
All (sc s of this nature- app -aring since the o-ibtiouion of the new and efficient management.”
last is? les or' the Isvaaroas' sad iTksxr R a t w a v Supple Mr. Cowen says the receivership extends over all lines and
M'STS may b - readily found by means of the following index. property owned, controlled or operated by the Baltimore &
This index do»s not include matter in to-day’s GasOVtet.g.
Utuo, except the following : Baltimore & Ohio Southwestern
Id i t o r o t h e r m in o r c o m p a n ie s see a ls o iiu.lrj’ C ii r o . ic l k Railway, extending from Parkersburg to St. Louis, etc. 921
v
Feb. 8, p, £76.
miles; Valley Railroad of Yirginia, extending from HarrisTg
Lexington, V a„ 03 miles ; Staten Island Rapid Tran
BiftkOiM Alin Mwcst. Co' s.
Him k» ; .,si> Mis’Ki. Co's fCsa.i bU
'Volume
Pmjt. ' Volume 62
Page. sit Railroad Company, operating 34 miles o f road between
Amde&cm IMi M HI#!8* cww.. 4 v «Git X. V. A GreenwM L*
.
'> 4
ftrVs.ISIS, .-45 rottenville, and Clifton, etc.: the West Virginia A Pitts
— A — HPPURMPPPHL I||jL tfHH _
All, Pm '
?f- r. P«m
ri«yi A 0b&,.,„.
i *U
C*P* Vmt A Ytuikln Vokmap. OM, »
Norfolk A
A A tiaU c •»* sm burg Railroad Ooroptny, 160 milee, leased by the Bilti0#mirml Branch, tits, l*ac......
J-h* JvOfZOlA A U«MA VltifW... . , .rttxe 11* 1 mote & Ohio. Supplementary proceedings have been tiled
Chic***.A Ateb. B
ruise.........
m Norfolk A
.... ....... ,T <f; i u
K
{Jftimsyt €»«*,......___ ........ c
WL
Fectflc . . . . . . . rccwi. 1S5. «*4 1 asking for the appiiintmen t of ibe same receivers in ail the
0UC, r«rtri» M H
-l.
? do
do
.....a
. I state* in which the company owns property.
Cm. JM&mm J Mark .....____
fc
%
h at.. It& im
m .,,., .....,m
i4
CI«v#i*ad A Canton, July, t C S
* M,
O tfO i mrifV fS ltCX
tW II p W iM *
I Reorganization Committee.—The New York committee, ap
& e:p, m (UtfMh 238 ; 0f». Rf, it N ...... plan* p U tm
m
ttv
V e-ru r*
pointed by the directors of the B. ,fc O., consisting of Messrs.
Oe/mm. AUftekUZomM lr.,em*p, ®is* t i l .
do ....
u
CamhutUaul k m a t * (Hr.r«$fr, tT7 O %Short IJo« 4 tltkh So.plat
p.
Rtzgeraid, Eugene Delano, Edward R Blcou, Howland
ts&
XuA& k ltd.,
g
. .p|i*n, 819 t'eorla IHaamm
Brumr.....r D 'J . ; Bouia and William A. R->ad, met Thursday, and, after adding
VT ,
Xkaltttti T t m i m t n * . tSS, 377
do
IM iMvm
S
Baisth A Wtetilptie........... jmUC . |> rhthgdolpfiilmit Untiling...
T*
w$ ' its number from outside the hoard Messrs, August Belmont
Mmtra
A ' Sorthom., .mid. W%
u
t
do
• .» rm
.,
rv.
M 0vU sA 'iU m A-.Jm a M 4*5 rdfi Bt
vw h
ck cm
tt- | L
C n litt h N .Ftie w i ; and Henry Budge, organized with Gen, Fitzgerald, Chairman
m im
m
h
Ft, WG A Dotuver City ...
arth
fSii pm
tklk LukeKboro» Bm
% i
U and H. 0, D.-ming, Bscretary. The committee will now proo
.m . 3 g si. S m h&d-mod t*lu a
m §>
C «S *»I K r*©
$ iw feeG .
mp
m
tw 1ceed, as requested, to formulate a plan o f reorganization for
0 € 'T iat
* M
A
. ?*u 4 i f f
do
do
W M B»r Wtaerui A Sc. I* mb
ItJ W hodbi k 9m P nrkm
- ,, I Bubnuu-ioti to the security and stockholders and anticipate
•
k
m a
M m imil ASiaftbatl*F% -*cf& ^ Toltjdo H C MK, C.. ...rmra.
mm
rk ,
t, $oalt
Masctmton. A
S®, 41. * tiofe® i*»dSc..«ait, lm. li H rm& 1 T ; the eo-opsraiion of the London committee. See advertiseS
lnt^rr*>u**»nlc Hy. *>
f
rd •- ■
e«** . Ktmm Patti!e
it
......mm 3M I oi0C jh another column.
Jmcksmtv. Tampa a K, W
III i List- s FaoiBfi
A G.... .n ..
Ketdadsy M}4u s4 ....
m
M l : tin*!
I ,, tendon Committee.—la L mdoa Messrs, J, S Morgan &
' ■ H •
./
rt
K
inderli.. A H d *r».,e«> , *
d sM
m
i.li l
* “ toan, Shipley & Co. an 1 Baring Bros. & Co. (Ltd,) anLi H # I4»>;lc Hot dp. A te r .
I* U i { Wm - s«i«i?rsor lpm i Steel.,r««w.' m? I
Lilli® Itek A H«mpbi*.».
Ml i
! bounce their co-operukm for the protection of English holdJjfrm&t, 'Khrmmv. A St. L,,
ferf. tm j
9t»Itf ItAfLW FI
A
|era o f Baltimore & Ohio -•curitma issued through them.
Ltjl-A r, at. L. A Tor
o T
,
f&.vmphU A (SM
urtaitK .
ni...
Btm
iTwusAkitt.... .
Baltimore < Ohio and QentmlOhio Coupons —
t*
Bondholders'
. 113
Moitt, Taifcasla*'^ 4 Mc-g?
%
*-^ r.iwiric,,
s*
*
i
H# w Orl#«zy» A S o,. . . . . . . ?m
,mU- IM j M \
m
. (11 Agreement Mt.ws,Speye r & Co., New Y,irk, announce that
ihey are prepared to purchase, at their face value, th * coup
Ann Arbor Ry,—Flint A Pere M.iri|netu> RR,- r<
ons maturing March 1, of the Central Ohio liiilroad Com.Terminals.— Ao arrangement has lieericoncluded between the pany s consulidatwl first mortgage 4’ .; per cent oonde, due
Ann Arbor By. and the Flint ,X Pere Martjuette UU by which J ,™ Also any past-due coupons of the Baltimore & Ohio
the latter company secures an entrance into Toledo over the hailroa i Go. s .7 per cent gold bonds due 1035 (loan of 1835).
, r , J * track * and the u*e of that company's turmiaal? I D jr furtlier give notice that they will receive, as depoai0
m loiedo at an annual rental of $34,000. The F. & P M tarieti, the last-mentioned bond?, with all maturing coupons
wui at once extend it* line from the pre- ntterminos at Mou- attached, on the terms of an agreement m course o f prepara
roe 10 a connection with the Ann Artxir road.—V. Hi. n tid.V tion fur the purpose of protecting the interest of the bond
V. 63, p. 188,
’ '
’
holders, Under this agreement they will undertake lonurBaltimore A Ohio ItH.—/i .
um m nhd -O n S uure cha.-e at the r face vain- the Vugtre . 1, H X c mpon-i of the
deposited bonds in case th v suali n it be paid at maturity.
d>y, February 20. the President. John K 0 a w , an i ‘
Frmule.lit, C
G« Murray, were Appointed receivers of this M*s»rs. Speyer Brother*, o f Lo .don, will receive the deposit
........... . hem O. 311
com pmif hjf Judge Mo
t»rb of the flatted States Diairict Court of bonds in that city, Bet* advertisement in another column.
Bchuylkdl Rut Buie Firsts,—Messrs, Dick Brothers & Co,,
and J qcIge C l of She nited States Circuit Court, at BaltiM
I tiiladelphia. request holders of these bonds to send their
more,, oa aj^plication f the M^fdntile Trust 0ompaTiF»
>rk* The piirpr e of tiling the petition before fudge names and amount o f toeir holdings for the purpose of
GoiT, int0O junction w
W
.
vith Judge Morris, was to make t-h- aj’. forming a bondholders’ protective committee. See advertise
cover tit® hrer
of M ,ry» m l, Virginia ment m another column.—V, 02, p. 413 .
la X w c
irmifa, Jm 07 Ooff s jurisdiction as a memtisr of
Baltimore A Ohio Sonthwestern fly.—Status .—President
Ibe Cifcmil teach ext nding over these three States. Hi • Bacon states that tnis company is in no way affected by the
tmiBeiii
bww of she receivership was the snabihtj- of the recetv. rslnp of the B. & O. The Btltimore & Opio controls
y to rai-e the tt >nty necessary to p»y the intere st du- tlii* company through own -rehip of the common stock, but
on Mm\Mf.r This ao ounted to IW.tJOO, besides a large the company “ has meins fully ample to meet all its require
%m
oun% of e m tnivt for Is for which provitioa had tob ; ma le. ments, the interest 00 it- securities will be promptly m.-t
M to fit# ilondition oi the B ihiruore & Ohio Smuices no au- and paid at maturity. Its gross earnings so far this year are
®_of
thoritat iweM
■Memmtbn
‘ made. A member of tin? re* jfgan - about 3-10.000 in excess of a year ago, and its physical condi.iz&iiom i^O ntym mm.
. tttr
tion 13 excellent —V. 6®,p. 413. ~
*
the published
gr-mtlf f’S.aiggerated. t h e at'■ ispuny has inreports have been<>
■
the treasury &
>
;■
Boston Eler.ned U R .-M M t End S reef Ry.-Reported
ctirities wort:h
h » . th i amount including 40,000 .hares
1 Qe Bonton News Bureau last weefe said .;
of Wmtern Union 4toc
The eji&rier of the Bpstoa Gmv«4ietl KHlrosM Oompaay (M lm Eihl
&
•re.s
T
*
— - I t0 th<? floating debt it is under
( Report for the year ending Dec. 31, 1S95.)
stored to he somewhere rrom 613,000,000 to $15,000,000. and
othei requirerueats, it is staid, will bring the am mnt that it
vaGj*J) h m been
to J. i'leppnot Mont in, hut it M not known
Vlwre' r, SSrtieiSSIia ! " .tur" lf f:vor *;*lh" w*--t Kml Company or not.
Tluri
iiDdvtsWoif to M con*nlvriibIe fr&tion over Hie matte* hi the
400
i x ii!i
w x iix y j j n
u ^ J u r j,
[ VOL. LALL.
Rise, not being re-elected. The New York interest is now
represented in the board by Gen, Louis Fitzgerald, Eugene
Delano, Elward R Brcon and James M. Quigley. The
stockholders elected Charles K. Lord President, in the place
The B >ston Journal adds :
of Cbarles F. Mayer, who has been the President since 1877.—
It 1* th ) yonerat b elief in State Street that n reoritanlz ition
o f the eeinpuiy will billow, which will ros ilt lu th ' balMing o f the V. 62, p. 363.
road The M
Aot, p tssoil in IS *1, ttlv’ea a franchise to ooosirn ot
D mtson & N irthera R y —Receiver's Certificates—Receiver
an ineviito 1 mail iti Boston and It* suburb) to a company consisting o f Scott has been authorized to issue gold receiver’s certificates,
t „ „ V , Meigs, Tim um W. f ln le , Willard U.iwland, ThamUiro W. Myers,
J,ig«r,b H O'Neill, Fred. C. Patch. Charlo) A. Wnlttler, Abram 3 , payable in six mouths, to the amount of $11,009 per mile, to
H ew itt.Sam uel M. IL>n-e;e!t, William S. Bailor, George EC. Towle, be used ia paying off iadebiedneis and construction of the
William SpatildlnK and Herman If nipr. The authorized oapitai stock road. The certificates are not be sold for less than par.—Vol,
1) S 10,000,000. The application for the route it now before the B >ard
of Aldermen, where it li is been for sum • time, but it is said that the 61, p. 871.
gal...... . ms nisi tha approval o f t h ) locations asked will soon be ciren
Dearer City Railroad— Denver City C able ~Ry.—
Incorpor
ami that work wilt begin on the ra id within a week —V. aO, p. 170.
ation.— The Denver City Railroad Co. has been incorporated
Boston X Lowell RR.—New Stock—
The Massachusetts to take over the Denver Ci:y Cable, recently sold in foreclos
Railroad Commissioners have approved the issue of $200,000 ure, and reorganized as par plan published in our S t r e e t
additional stock. The present amount outstanding is $6,329,- R a i l w a y S u p p l e m e n t .— V . 63, p, 413.
400.— ‘ , 01, p. 27.
Detroit Lansing & Korchern RR.— Reorganization Com
Brigantine Beach R R .—Reorganization.—A meeting of mittee,—Tbe following Reorganization Committe3, Messrs.
bondholders lias been called for March 19 at Atlantic City, H, Hollis Huanewell, Nathaniel Tnayer, Alplieui H. Hardy,
N. J., with the view of forming a new com pat y. The road is Mark T. Cox and James Times on, request iio'.ders of D jtroit
about 14 miles long and was operated by the Philadelphia & Lansing & North. 7s, Grand Rapids Lansing & Detroit os,
Reading until August, 1895— V. 61. p, 283.
Sagiuaw & Western 0 ', Saginaw Valley & St. L. 8s and
Brooklyn Rapid Transit.—Directors.—
-The permanent Detroit Lansing & No. preferred stock, or of receipts for these
board of a irectors has been elected this week and is composed securities under the former plan, to deposit the same under
as follows: Jo ho G. Jenkins, Theodore F. Jackson, Anthony the Reorganization Agreement of February 1, 1896, with the
N. Brady, Henry 8 fibert, Seth L. Keeney, David H. Valen Guaranty Trust Co , 59 Cedar Street, New York Citv, or
tine, John Eaglis, W, C. Bryant, H trace C. Da Val, John D. Charles Merriam, Treasurer, 50 State Street, Boston.—V, 62,
Kerlly, Timothy S. Williams and C. L. Rossiter.—V, 63 , p. p. 319.
276. '
Diamond Match—Safe of Machines in France.— The French
Brooklyn T raction—Atlantic Aveuae RR.— Nassau E lec Government is reported this week to have purchased the
tric KB.—Lease Ratified —The 999-year lease of the Atlantic right to use machines covered by the patents owned by this
Avenue RR. to the'Nassau Electric was ratified by the ■
company, paying therefor $100,000 in cash and a royalty of
directors of each of the companies on Wednesday. The $100,000 a year for fiye years. This makes a total of $600,000details of the lease were given in the Chronicle last week. for the period covered by the contract.—V. 63, p 317,
The name of the reorganized Brooklyn Traction Company is
Empire Traction, New York City —
Application Denied—
to be the Kings County Traction Company, which has been
organized to receive the dividend paid by the Atlantic Avenue The State Railroad Commissioners on Tuesday denied the ap
plication of this companv to build a surface road, on ths
RR. out of the Nassau rental.—V. 63, p, 413.
ground that the Empire Traction Company, with other cor
C a l l e d B u n d s . — N o r t h e r n P a c i f i c , M i s s o u r i D i v i s i o n , — porations, had applied to the New York C unman Council for
Thirty-nine bonds have been called for payment. The num the same privilege as the one now asked for by the E npira
bers, etc., will be ,ound in our advertising columns.—V, 63, Company from the Commissioners; that the j fiat application
p. 414.
is now in the hands of the Railroad Committee of the Com
Central Pacific HR.—Stanford Suit Decision.— The United mon Council, and that it must, if finally granted by the
States Supreme Court , this week handed djw n a decision in Common Council, be put up for sale to the highest bidder as
favor of the defendant, in the case brought by the United a franchise.—V. 63, p, 84.
States against the estate of Lfiaud Stanford as stockholder, to
Erie R R .—N. Y. L ik e Erie & Western R y .—New Securi
recover $15,337,000 due the Government by the railroad. Tae ties Ready—Messrs. J. P. Morgan & Co. announce that they
suit involved the individual liability under the California are now prepared to receive, their reorganization, certifi
Constitution of stockholders ia the Central Pacific for the cates for securities of the New York Lake Erie & Western
debt due the United States on the bonds issued in aid of the Railway Co. for conversion into the new Erie securities, as •
road. Judge Harlan delivered the opinion and held that provided in the plan of reorganization.—V. 63, p, 414.
individual stockholders were not liable for the Government
Galveston Harrisburg & S m Antonio R y — Houston &:
debt of the Central Pacific Railroad Company, This decision Texas Central RR.—State Claim.—Judge Mirris in the
is final,—V. 61, p. 36, 1154.
Travis County Court in Texas has rendered a decision
Chicago City R ill way.—Extc nsions—T his company is re agaiDst the Galveston Harrisburg & San Antonio and the
ported to have secured franchises for the principal portions of Houston & Texas Central railroads in favor of the State of
39 miles of electric road which it proposes to cinstruct dur Texas, the amount involved being $900,000. The State insti
ing the spring and summer.—Y. 62, p. 183.
tuted suit to recover the sum mentioned, which it alleged to
Chicago & Northwestern RR. -T rack Elevation in Chi be due for loans made from 1857 to 1859 under the act of the
cago.—The Commou Council Committee is reported to have Legislature of 1856. The loans were made out of the “ special
agreed to the company’s plan for the elevation of its tracks school fund” of the State. It seems that the roads made pay
in Chicago. Four years’ time will be allowed, and it i3 es ment of these loans in 1864 and 1835 (during the war) in
timated that the work will cost between $1,000,000 and $2,000,- warrants of the treasury of the State of Texas, which the
State has claimed in its suit, and which the Court now rules
000 a year.—V. 62, p. 363, 413.
did not constitute an effectual settlement. The companies
C le v e la n d C a n to n & S o u t h e r n RR.— Cleveland & Canton
Firsts -T he Cleveland & Canton first mortgage bondholders’ affected will appeal.—Y. 50, p. 105$; Y. 60, p, 835.
Georgia & 4lab una Ry.—Central o f Georgia B y — Track*
committee announce that deposits of these o per cent bonds
An agreement has just been con
will be received by the Mercantile Trust Company, New age and Terminal Lease—
York, to and including March 15, next, without penalty, after cluded between President Coiner, representing the Central
which date no bonds will be received except on such terms as of Georgia Railway, and President Williams, of the Georgia
the committee may prescribe. The N. Y. Stook Exchange & Alabama Railway, which secures to the Georgia & Alabtma
last week listed receipts for $1,419,000 bonds out of a total under a perpetual lease the Lyons Branch of the Central,
issue of $2,000,000.—V. 02, p. 413.
extending from Meldrim on its rnaia line, 17 miles from
Colorado Fuel & I ron - Listing. —The application of the Savannah, to Lyons, the junction with the Georgia & Ala
Colorado Fuel & Iron Co. to list on the New York Stock Ex bama, a distance of 58 miles.
The Georgia & Alabama has also concluded a trackage
change its general mortgage 5 per cent bands gives a large
amount of information relating to the company and is pub agreement with the Central for the use of the 17 miles from
lished at length on a subsequent page. Tne general mortgage Meldrim to Savannah, and has also arranged for the use-of
bonds have been sold for the purpose of supplying working the extensive terminals at Savannah of the Central, on a
capital, for improvements at the steel works, for opening and basis similar to that made by the Central By. with th» Florida
equipping additional mines and building addilional coke Central & Peninsular. The trackage and terminal arrange
ovens. President Osgood points out that the company’s pres ments are terminable by twelve months’ notice on either side..
This gives the Georgia & Alabama a cominuous line from
ent production of iron and steel ia not sufficient to supply but
a very small fraction of the demand in the markets it can Montgomery, Ala., to Savannah, Ga,, 340 miles.
The lease, trackage contract and terminal arrangements
reach, and that the possibilities of future growth in the coauwill take effect April 1, 1896,
p nay's bueine.-s are almost unlimited,—V, 62 p. 418.
As a result of this arrangement the Georgia & Alabama
Columbus & Hocking Coal X Iron,—Interest—'The balance Ry. avoids tbe construction of 75 miles of road from Lyons
of the money required to pay the first mortgage interest for to Savannah, for which it had already provided funds, and
which the court granted an extension of time, it is reported, upon which work was begun a short time since and tempora
has been raised,—V. 03, p, 277,
rily suspended pending the result of these negotiations with
C itlBolid itiim Coal Of Maryland—New Directors.—An en the Central Ry.—V, 62, p. 333, 364,
tire change has just been made in the management of the
Georgia & Alabama Ry.—Central of Georgia Ry.—
Consolidation Coal Co. of Maryland. E'ght of the ten old Savannah Terminus.—It is understood that an a-'tee mm bas
directors have been retired and in their place? wer 3 elected been reached between the Georgia & Alaba na and the Cen
four Baltimore members, and the New York representation tral of Georgia under which the Georgia & Alabama will
waa increased from two to four members; the former New lease the Central’s branch trom Meldrim to Lyons and will
York representatives, William Whiteright and Edward De use the main line into Savannah. The Georgia & Alabama’s
Wa*C E id hoard l'!,., uui ■ Iliac \vH:: i the rot l w l l h iv o U) i>9 ia
oooratloa 1 ><lns from Ui >ti.u,:* tlio too ttlo is a o appr ivoil by cU i a l
>
ii troisu Tti < tliore i-t a 30 day It nit for th t d a p u lt o f »n )0 , lO ja o d
t>
a two ye tr limit for tlio oonstruoUoa ot til) IIrat life mllas o t road.
Ma BCS 7, 1896.]
THE CHRONICLE.
reorganization plan made provision for an extension from the
terminus of the road at Lyons to Savannah in oasa the Cen
tral's line eouid not be used.—V. 83, p. 383, 884,
Houston & Texas Central HR .—Validity of Reorganiza
tion.—The United States Supreme Court on Monday dismissed
the appeal on account o f want of jurisdiction in the suit of
Stephen W. Cary and others against the Houston & Texas
Central. The plaintiffs represented old H. & T. C. stojk
which did cot come into the reorganization and sought to
aet aside the foreclosure sale made in 1888. The aetion of the
Supreme Court finally establishes the validity of the fore
closure ar.d reorganization.—V . 60, p, 835.
Hudson Highland Bridge & Hallway Co.— Hudson Suspen
sion Bridge A Sew England Ry.—Re-incorporation.—Xt Al
bany, March 5, the Hudson Highland Bridge & Railway Co.,
a reorganization of the Hudson Suspension Bridge & New
England Railway Co., filed articles of incorporation. The
company’s capital is placed at 831,900, and the directors
are John N, Hazard, Edward M. Serrell and Robert Serreil of
New York City; Henry Martin, William G. Lord and William
James Pierce, of Brooklyn, and William D. Snow, of New
Milford, N. J. The old company secured a charter from the
Legislature in 1868 for the purpose of constructing a sus
pension bridge over the Hudson River near Peekskill. Con
siderable work was done in 1890 and 1891.—V. 60, p. 718.
Kansas City 4: Omaha RK.— Foreelomre.—Judge Sanborn
has granted a decree of foreeloeure and sale and the upset
price has been fixed at $100,000. The road, 194 miles long, is
a part of the St. Joseph & Grand Island, and with it was oper
ated as a part of the Union Pacific system.—V. 60, p. 1009.
Lvbu k Boston HR.—Stack,—The Massachusetts Railroad
Commissioners have been naked to authorize the issue of 1,000
additional shares of stock of $100 each. The amount of
atock at present outstanding is 11,000,005. The last previous
Increase « a* in July, 15593, when $100,U00 was authorized
V. 61, p. HAL
Marietta & North Georgia HR.—Atlanta K noxville *
Northern By,—Injunction —The Knickerbocker Trust Co. t.f
New York has ban i « injunction continued retraining the
transfer * f the Marietta & North Georgia by the Atlanta
Knoxville & Northern Construction Co. to the new railroad
company. The trust company secured the injunction on the
ground that the parties restrained are indebted Co it in the
sum of $98,500, loaned hist November for the purchase of ttie
Marietta & North Georgia Railroad.
The Knickerbocker
Trust Company contended that the terms o f the agreement
■Cotceraicg the loan made all o f the claims subordinate to
that of the trust company, and that an attempt was made to
give others a prior claim.—V. 83, p. 38.1.
Memphis * Charleston ItR ,—Reorganization Plan .—The
reorganization committee, composed of Adrian fselin, Jr.,
Frederick Cromwell, W . Ernieu Roosevelt and Edward N.
Gibbs, have prepared a plan of reorganization, and request
holders of the trends and stock to deposit their *eourities with
the Guaranty Trust Co, of New York on or before April 1,
The plan provides for foreclosure, and arrangements have
been made with the Southern Railway Company, “ whereunder, after reorganization, in consideration of its receipt of
all the common stock of the new company and a 99 years’
learn, in every year thereafter during the continuance of its
possession under the lease it L to pay to the trustee* o f the
new first mortgage a sum sufficient to pay ail the interest on
the new first mortgage bonds proposed to be issued by the
new company, and also interest on it- income bonds (or pre
ferred atock if that be substituted) to the extent of the sur
plus net earning*; and is also to release any claim it has
against this company for floating debt.’
The plan slates that “ as this foreclosure and reorvmniz ttion
are proposed, and will be conducted under the exclusive c .n troi, and with reference to the rights, of such holders of 7
per cent bonds of the .Memphis & Charleston Railroad Com
jtany a* shall in the manner therein provided become parties
to the plan, under which every holder o f 7 per Cent bonds is
invited to full participation, no 8 per cent bondholder, nor
any creditor, nor any stockholder of the present *ompvnv will
have at y right in the property when purchased by the com
mute upon foreclosure, nor after its transfer to the new com
pany to be formed by the committee, nor in the new company,
nor in its securities, except as the same may be delivered un
der the plan by the committee as purchaser or owner of the
propm yer securities."
KkOBGAMZATlOS Pt,Ajr.—Under the plan a new company will
be created, “or an existing charter or company, or the South
ern Ry, Co., will bo used for the purpose o f reorganization.”
.Vew Securities.—The following new securities are to be
authorized:
first morteaeeAOO-year *oM bon i*....... „ ........................$8,*-on,O0O
IR. ‘ l« r . .J I f. "I <
................. .
. . .
■ .>.•■!>>
Common stock.,........ ........................................................
it)
The first mortgage bonds will hear interest at 4 per cent per
annum from July 1, 1896, to July 1, 190); 4U per cent from
July 1, 1901, to July I, 1908, and 1 per cent thereafter: $1,416,800 are to be renewed for future construction purposes. The
bonds and the mortgage securing the same may be increased
$1,500,000 for the purpose of building an extension from
Stevenson, Alabama, to Chattanooga, Tennessee; or such
extension may be made by a separate issue of bonds secured
by a first mortgage on such extension.
The interest payable on all the bonds issuable under this
new first mortgage will be si cured additionally by a lease of
167
the properly to 'the Southern Railway Company at a rental
sufficient to pay such interest; but in cuss of a sale of the
property to the Southern Railway Company, its bonds se
cured by a divisional first mortgage upon this property for
t qua! athounls may be substituted for these bonds,
la the discretion of the committee non-cumulative 5 per
cent preferred stock of the new company to be organized may
be substituted for these income bonds.
In case the property shall be purchased by the 8 vutbera
Railway Company, its stock to an amount unanimously con
sidered by the committee to be of equal value may be substi
tuted for income bonds
EMlignge o f Securities.—Hold rs of old bonds in amounts
o f $1,600, wi;h all overdue coupons attached, including inter
est to July 1,1898, and of old stock (on paying an assessment
of $4 per share) in amounts of §100 will receive :
Holders o f
-------ir i« receive-------,
Kew Jirsts. Incomes.*
Tennessee lien bomls. first and second mortgage) ...
extended sevens..................................... r i --00
v oasol. mortgage sevens..................... ................
800
General morii age sixes ..........................................................
t .Hum,vis stock, 'paving $4 per s h a r e ......................................
* Or preferred stock if substituted.
.t»400
1,200
1,500
10
The Southern Railway Company has further agreed
to purchase the proposed new income bonds (or preferred
stock if that shall be substituted for income bonds) to
the par amount of $999,800, at the rate of about fifty-five
cents on the dollar—say, $550,000 in cash—and it has
authorized the committee in its behalf to offer such in
come bonds, or any such substitute! preferred stock, at the
rate of forty cents on the dollar to such an ckholders of the
Memphis A; Charleston Railroad as shall deposit under this
plan i hi ir stock certificates duly endorsed for transfer.
Instalments on the stock are payable as follows: $t per
share on deposit of stock; $1 on or before May 1, §1 by June
l and $1 by July 1.
General Mortgage Committee,—Messrs. Simon Borg, J.
Kennedy Tod and Albert 8. Roe, representing general mort
gage bondholders of the M mob's & Cuarleaton RR., announce
*
that they are preparing a plan of reorguuz ttion purely in
the interest of the security holders of the company, and they
request all bond nod stockholders not to deposit their securi
ties before having taken cognizance of M ich plan. See ad
vertisement in another column —V. Hi p, 313.
Meriden W uteri) sirj * Connecticut River B U .-F oretfomre S:ni. - The New England RR , which owns all the
tfouds and tn*wt of the stock of this road, has brought suit
through the mortgage trustee 1 1 foreclose th * first mortgage
of 1888, the interest on which it in default.—V. 63. p. 385.
Mobile Jackson ,k Kansas City R R ,— Description.—
This
company was incorporated sota-* twenty years ago to build a
road from Mobile to Jackson, Miss. At that time some right
of way was acquired an l about twenty mdes of roadbed was
graded. The project has agtia been taken up by Mr. F. B.
Merrill. Local .subscriptions to the stock are being obtained
and the interest o f foreign capital has been enlisted. The
Gulf City Construction Co. hi* been organized to build the
road, which will extend from Mobile to Jackson, a distance
of 188 miles. The capitalization of the railroad company is
§4,006,000 stock rmd a like amount o f 50-year 5 per cent gold
bond*. The following is the list of directors: \V, D. Strutton, of Drake & Stratton Oo.; Lathrop R Bacon, of Bacon, Mc
Kinley & Sherman, of New York; W. il. 8m the, of the Mer
cantile Bank of London; W. U. Shuster, fl. A ustill. J. W,
Whiting, James K. <i ten non, Rufus Dane, W, H. McIntosh,
J. L, Rapier and F. B. Merrill.
Newhiirypnrt & Aracsbury Hit.—Stock.—This street rail
road has applied to the M*«*chus«tts RR. Commission for
authority to i-sue 1,300 additional shares of atock. The pres
ent capital is 300 shares of $100 each.
New York BI-cuit.—Bat-erg Purchased.— It is reported
that the Mason Bakery in Baltimore has been purchased by
this company. The Mason is the largest bakery in Baltimore
and negotiations for the control of this and another Baltimore
bakery have been under way for some tim e— V. 62, p. 330.
New York Pennsylvania A Ohio R R.— Nypano RR,—Reorganization. —The reorganized New York Pennsylvania &
Ohio is to be known as the NvpanoRR. Two companies
have been formed, one in Ohio, with a capital of §15,500,000,
and one in Pennsylvania with $4,700,000 capital. These two
companies will be cons Hdated with a total capital of $30,000,000 and bands for a like amount will be issued. Under
the Erie reorgan zation plan (V. 61, p, 368. 363) the Erie ac
quires title to the N. Y. P, & O, and assumes the prior lien
indebtedness, the <quipment trusts, the Cleveland & Mahon
ing rental and all other rentals, charges and obligations at
present existing prior to the old New York Pennsylvania &
Ohio first mortgage bonds, The new stock and bonds will be
owned In* the Erie Company, and will represent the supposed
value of the Erie securities which the Erie is now giving
to the old N, V. P. & O, security holders in exchange for
their stocks and bonds.—V. 63, p, 414.
North Carolina RK.—Braze.—The suit brought by the
Farmers' Alliance in December last to test the validity of the
lease of this road to the Southern U ul way has been with
drawn. The lease went into i-ffeut on January 1, and provides
for the payment of taxes and a rental of §280,000 per annum
for the first six years ami $130,000 per annum for ninety-three
years —V, 01, n. USB,
n r F « r «tVt«»r * » v e * t H e m * s e e *>«*«?.* M IL
[V o l . LX1I.
THE CHRONICLE.
4d6
FUNDED DEBT.
Reports and jOocumeuts.
PENNSYLVANI A RAI L RO AD C O M P A N Y .
Consolidated m ortgage 3*a per oent sterling bonds issued, £1,000,000, equivalent t o .........................................I 1>8oo,ooo uo
t
Increase in m ortgages and ground rents...........................
0 - , 0 /q: /o
FORTY-NINTH a n n u a l r e p o r t .
O f f ic e o f t h e
P e n n s y l v a n ia R a il r o a d C o m p a n y ,
P h i l a d e l p h i a , March 3rd, 1896.
The Board of Directors submit herewith a synopsis of their
Forty-ninth Annual Report , for the year 1895:
The cross enrollin'*
of PiUshurg and
United Railroads
and Erie Railroad
o f the throe grand divisions east
Erie, embraolug tile Main Lino,
o f Now Jersey, and Philadelphia
and Branches, w ere.............................
The amount of funded debt, including mortgages on real
estate and ground rents, at the close o f the year, was $87 ,658,910 72, being an increase o f $4,902,674 73, accounted for
as follows :
,
A’ ,.-e o f
T ota l...................................................................................... $4,902,674 73
C A FITA L STOCK.
The amount of capital stock outstanding at the close of
the year was $129,301,550, an increase of $3,350, due to the
conversion of that amount of the scrip dividend declared in
May, 1893.
SECURITIES OF OTHER CORPORATIONS.
The entire cost o f the securities of other corporations now
Net earnings................................................................................ $20,116,522 41held by vour Company is $118,035,905 87. The direct revenue
received therefrom was $4,353,987 10, the decrease as com
N ow h ieh a d d :
Interest from investm ents.................... $4,611,027 40
pared with 1894 being due to the ^generally reduced income
Rental o f equipment, A c ........................
4o2,372 08
Q63 4g0 3g
from investments. Notwithstanding this, these securities
Gross inoom e................................................................... $25,179,982 79 continued to produce nearly four per cent upon their cost,
and more than provided for the interest on your funded
Rentals, leased'aud oiierated roads. $8,896,061 39
debt.
Interest on funded debt......................... 4 163,775 40
Expenses............................................................................
44.510,(inti Si
CAR TRUSTS.
Interest on m ortgages and ground
No further issues of these securities were made during the
rents, ear trusts, taxes, * c ................. 1,589,713 62
----- -------------------------14,o4y,o50 4:1
year, and no series thereof matured.
Net Incom e............................................................................ ^$10,530,432 38 The total number of cars provided under the Car-trust
From this amount the follow ing deductions have been
system is 57,997.
m ad e:
Total am ount o f certificates issued th erefor....................$30,644,000 00
Payments account Sinking and Trust
Am ount redeem ed................................................................... 25,112,000 00
Funds, and guaranty of interest on
^
Allegheny Valley Railway bonds........
$568,711 87
Balance of certificates outstanding Dec. 3 1 ,1 8 9 5 ......... $5,532,000 00
Extraordinary renewals, A c .................... 1,327/250 58
^
^
>^
The amount expended upon the Main Line and branches,
Balance after above paym ents.......................................... ^^.631,169 93
Dividends o f 5 per c e n t.......................................................
6,465,011 25 and charged to capital account during the year, was $607,Am ount transferred to credit o f p rofit and loss for the
858 95. the expenditure being entirely for additional freight
year 1895...........................................................................
$2,169,458 68 cars and real estate, all other extraordinary outlay- on that
Previous amount to c r e d it ................................................. _ 23,155,632 24
$25,325,090 92 portion of your property having, as already stated, been
charged against the general income of the year.
The
Deduct amount o f interest on funded
amount expended in construction on branch and auxiliarydebt accrued to January 1st, 1896, but
not yet matured, less amount due from
lines was $1,936,741 23. The principal items of this expendi
investments on same date.................... $826,537 11
ture were the extension of double tracks on the Pittsburg
A m ount charged off in reduction o f
Virginia & Charleston Railway, made necessary by the de
value o f securities and settlement o f
sundry accounts......................................
945,083 95
velopment o f the manufacturing industries on that line ;
--------------------1,771,621 06
the extension of the Fairhill Railroad, a short branch in
Balanoe to oredit o f profit and loss
D ecem ber 3 1 ,1 8 9 5 .................................................................. $23,553,469 86the northern part of the city of Philadelphia, built for the
The preceding statements show that after having provided
for all the fixed liabilities of your company, and expending
over $1,300,000 in improving its property, there remained the
sum of $8,634,469 93, out of which were declared dividends
of five per cent, leaving $2,169,458 6 8 to be carried to the
credit of profit and loss account. In view of the fact that
the low rates prevailing on both passenger and freight
traffic for the past few years continued during 1895, it would
appear that under any reasonable conditions your property
will make fair returns to its shareholders.
It had not previously been the custom in stating your
accounts at the end of the year to charge up the amount of
accrued interest on bonds and other obligations of your
Company to the 1st of January following, or to take credit
for the amount of income that matured upon securities held
by your Company on that d a te; but your Board has now
deemed it proper that both these amounts should he taken
into your accounts for the year. It will therefore be seen
that there has been debited to profit and loss the sum of
$826,537 11, being the difference between these two amounts,
in addition to which a reduction has been made in the value
of some of the securities held by your company, and in set
tlement of old accounts, making a total charge to profit and
loss of $1,771,621 06, and leaving $23,553,469 8 6 to the credit
of that account.
SINKING FUNDS.
Under the provisions of the consolidated mortgage of the
Company, $324,780 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. None of the series of bonds to which the Sinking
Fund was applicable could he purchased under the terms of
the Trust, and the amount was placed to the credit of the
trustees for investment under the terms of the mortgage.
There are $4,307,956 91 in securities and cash in the fund for
the redemption of these bonds.
The trustees o f the sinking fund for the redemption of the
Trust certificates issued for the jiurehase of the shares of the
capital stock of the Philadelphia Wilmington & Baltimore
Railroad Company were not able to purchase any of these
certificates during the past year.
The total amount so
purchased and canceled to December 31st, 1895. is there
fore $2,298,000, leaving outstanding $7,702,000.
The trustees o f the sinking fund for the redemption of the
four and one-half per cent Collateral Trust Loan were not
able to obtain any of these securities during the year at the
limit fixed in the agreement. The amount of this loan out
standing December 31st, 1895, is $9,900,000.
Under the provisions of the four per cent Equipment Trust
Gold Loan, there was paid to the trustee during 1895, 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.
purpose of furnishing increased facilities for local freight
traffic; and the construction of what is generally known as
the Delaware River Bridge, near Frankford, Philadelphia,
the purpose of which was fully explained in the last annual
report. This latter undertaking is now rapidly approaching
completion, and will be open for business during the com
ing summer. The work of elevating the tracks in the city
of Elizabeth, New Jersey, with the exception of one bridge,
is completed, and the policy of eliminating grade crossings
by the construction of overhead or undergrade bridges is be
ing continued wherever it can be done with a due regard
for economy, and the local authorities properly co-operate
toward reaching this result.
A t the close o f the year your Board deemed it advisable to
place under contract several extensive improvements upon
your Main Line, among which may be noted the straighten
ing of the line at Kinzer’s, on the Philadelphia Division,
covering a distance of about five miles; the revision of the
Harrisburg Portsmouth Mt. Joy & Lancaster Railroad, in
the borough of Mt. Joy, whereby all the grade crossings at
that point will be eliminated, together with an improvement
o f the alignment of the same road a few miles further west;
and also several minor changes in the valley of the Juniata,
on the Middle Division. The two most notable changes on
the Pittsburg Division are, first, on that portion o f your road
on the western slope o f the Allegheny Mountains, which
virtually amounts to a rebuilding o f more than four miles of
road at an estimated cost of $700,000, whereby the present
shard curvature between Lilly’s and Portage will be elim
inated and a practically straight line substituted therefor;
and, second, a revision of the line at a point near Greensburg,
which involves the construction o f a new tunnel nearly half
a mile in length, and will result in the saving of a consider
able distance as well as a material decrease in curvature.
These improvements will require an outlay o f nearly $2,000,000 and will be actively prosecuted during the present year,
should such a course be warranted by the general condition
o f the manufacturing and commercial interests. The re
turning prosperity of the industries of the country having
made advisable an increase in your equipment, contracts
have been entered into for the construction of about eight
thousand cars for your system, some of which have been de
livered, and the remainder will be put in service during the
present year.
The number of tons of freight moved on the three grand
divisions east of Pittsburg and Erie in 1895 was 78,259,526,
an increase o f 13,581,832, or 21-00 per cent; the number of
passengers was 37,452,437, a decrease of 1,148,723, or 2-96 per
cent. The average distance traveled by each passenger in
1895 was 19 miles, an increase o f one mile.
The other large Railroad Companies east of Pittsburg and
Erie in which your Company is interested show increased
earnings due to the general business improvement through
out the year. Detailed statements of their operations will
be found in their respective annual reports, as well as in the
THE OHE-ONIOLE.
March 7, 1806,j
459
pamphlet report o f your Companv. The total amount of o f 5‘07 per cent for the rear. There was appropriated to the
coal mined during the year by the four coal companies in ; Trust for the year 1895 the sum of $87,316 871 P
are mtereste“ 'vas -,308,284 tons, a decrease of j This Trust, in pursuance of the purpose for which it was
89,491 tons.
created, has purchased from time to time a portion o f the
f>„ h ,
PnTOBtISj \
«
-o
, bonds of the American Steamship Company,* which mature
(femr
operated b y the Pennsyl- October 1st, 1806. and the maturing coupons on the entire 1»
rarna Companyand the Pittsburg Omcmnati Chicago & St. ; sue at the regular interest periods. As there remains no propLouis Railway Company the result was as follows:
_
|erfcy of that Company to provide for the payment of these ohMBaratnfrs of Pennsylvania C om pany.............
.
S20 888*1*4 os nations, they will necessarily have to be. charged against the
Expenses...................................... ............................. 'l2,'586,’335 2 i principal of the fund. This same policy is being pursued as
r
....
“77--------------- to the interest on the bonds of th e’ Pennsylvania Canal
KantaMnu-Toit
...............................................o l ! ComPan7- " ’Well is also guaranteed by your Company. The
.......... .... ** '
payment o f these large and practically unsecured obligaKet profit on Pennsylvania Co.'s lines..........................
$918,264 83 tions is the first direct benefit accru in g’ from the creation o f
E arnings o f P ittsbu rg Cincinnati Chicago & St. Louis
R ailw ay .................... ..............................................................$18,135,126 11
-Expense*.....................
13,166,364 94
H »* tW
earnings............................................................. *-1.968.761 IT
R enta,. i n t e r e s t , & e . „ .........................................................
3,678,075 33
Ket profit on P ittsburg Clm-Incioati Chicago
L oalsB attw ay C o m p a n y * lin e ,......................
& St.
$1,290,685 84
S et profit on lines d irectly operate I west o f Pittsburg. $2,209,950 67
The other lines west o f Pittsburg, on account of which
your company has assumed direct obligations, or in which
it is largely interested through ownership of securities, but
Railway; Cleveland & Marietta Railway; Grand"Ramds'iSC
Indiana Railroad, and roads operated through its organiza
tion; Toledo Peoria & Western Railway, and the Terre
Haute & Indianapolis Railroad, and roads operated through
its organization.
Tile aggregate gram e*raiae* of tbe*e road# were
texpeam*....__ '.... ......................... ........
7,401,132 51)
the Trust, as they would otherwise have to be met out of
your current revenue.
The assets o f the Insurance Fund on hand at the end of
the year were $3,770,701 15, being an increase of $310,891 78
over the previous year.
Interest in the Employees’ Relief Fund continues to in
crease, the membership at the close o f the year, 36,432, being
the largest since its establishment. During the year the
members contributed $041,849 12, while your Company and
its affiliated lines, in addition to the payment of $98,858 53
for operating expenses, also cont ributed '$38,682 S3 for extra
benefits to members whose disability had continued for
more than fifty-two weeks, and who were, therefore, no
the beginning o f the year, $230,800 23, made an aggregate of
>1,020.774*85, out o f which $854.298 84 were distributed as
death benefits, being an average in each case o f about $575,
and $337,197 33 in cases of disability arising from sickness
and accident. A fter meeting all its obligations for the year,
and providing for unadjusted claims, a balance of $247,498 02
remained to the credit of the Fund.
The number of employees who availed themselves of the
.... ................ ............
w*
no
IXsluct rental, Interest, Ac.......... .......... .................... " IJfiB .m 31 benefits o f the Employees’ Saving Fund continued to increase,
there being 4,513 at the end o f the year, as against 4,118 in
................................ .
.............. .............. .......................
$310,918 39 1394. The amount received from derawitoi-s during 1895 was
t
i
n
I
’ c nri . yt vi i i u• H a lirou /1 1 »resp on sib le fo r
»
$ 2 3 3 ,0 8 4 57 $497,501. and the balance in the fund at the close of the year
Winch defi.,.-te,i from Has profit .b n w n a b o v e .................. ,.*•
was $1,573,884 87. Of this amount $1,500,000 have been in
L ea ve* a net p rofit o n ail lin e* w ent o f P K ta b o rg fo r 1893 $ 1,9872366 in vested in four per cent securities.
On account o f the favorable conditions prevailing in the
,
Mnessliow a marked improvement uscomistrcd will, , money market, already referred to. and the near maturity
ISM, each o f the tw o systems west o f Pittsburg showing of a large amount of bonds upon lines in which you are
net,surplus, after meeting all liabilities, o f about one million largely interested, if was thought wise to sell £ 1,000,000 of
of dollars. This was largely due on tie- Northwestern svs- i your consolidated mortgage bonds, dated 1st July, 1895, bearU«m to the prosperous condition o f the iron industry. The j ing three and one-half per cent interest, and maturing fifty
tonnage ami mileage were greater than for any previous I years from date, and thus secure the funds to meet these
year in their history.
‘ y
obligations and for construction and equipment purposes. It
The amount expended on account of construction, equip- is a gratifying evidence of the high credit enjoyed by your
roent and real estate during 1895 on the line* west of Pitts Company that it was able to place these bonds at a lower
burg was $2,053,857 91.
- rate o f interest than ___ _____ by „
___ ______
____ that borne
any security which it
The larger portion of the expenditures for capita) account h»w heretofore « A n d in the market. Your Company also
on the*- lines was for additional equipment, to meet the de joined the Allegheny Valley Railway Company in a sale of
mands of the tradio and provide further facilities for the $5,000,000 of Its feur |«-r cent general mortgage bonds, of
through Business, The mam items o f construction were the which $4,000,000 were used by that Company to provide for
widening for doubly track of the tunnels on the Pittsburg the payment of a tike amount o f its seven and three-tenths
RoitwlS
, K Put‘,b'll>’ Cincinnati C h ica g o* St. L o u » per cent bonds, maturing March 1, 1896, and the proceeds of
*
Kailwaj; the increase o f double track on the Western DivJ- the remaining $1.00*1.000 which were owned by your CoiuPittsburg Fort Wayne * Chicago Railway; and panv were applied to your own capital requirements. By the
1bL r(‘\lsl' ,n "t the line o f the Cleveland * Marietta Railway. funding o f the seven and three-tenths per cent bonds, re
T
rhe* Newport & Cifidnnati Bridge Company also einended ferred to, the Allegheny Valley Railway Company secures a
over^ih
re b u ild in g a n d im p rov em en t o f th e b rid g e reduction of 8132,000 in its annual interest charges. In
finlshid » | tiRlVer at t invirinxiti. th e masonry is entirely accordance with the agreement of reorganization o f that
0r!1 O
, i
th “ PPrP*phes are u n der co n s tru ctio n , and the property, your Company guaranteed the payment of these
i”
mU carr> not onl- the railway, hut also bonds, principal and interest.
’
v
fartush facilitie?, for trolley and wagon traffic, and for foot
In pfirsuanee of a policy which had received the careful
passengers, tv ill be completed during the present year.
consideration o f your Board, the London Joint-Stock Bank.
Limited, with which your Company has for many years
El*JIBED DEBT.
maintained intimate business relations, was appointed your
vi/.lr w X e ™ lines hearing * " * * an'OUI,t o( interest was iu>- financial agent in London on March 27, 1805. Through the
that a seven per cent th" bonds upon
your Western
wroaelung maturity, it was'deemed wise to take advantge of establishment o f this agency the English shareholders now
the exceptionally favorable conditions prevailing in the receive their dividends on the same date as the American
shareholders, and at their full equivalent, in sterling.
money market during the past year by f i lin g #U K » 06o “
The continued unsatisfactory condition of the transporta
m ° rJKaP ' " ' " rls o f t,w P i« h u r g Cincinnati
>
St. Louis Railway Company held in the treasury tion interests of the country has been fully recognized, not
only hy those having the management thereof, but by the
fo r c o n ^ m c t i
"'omplI,- ' am' “ ** th" proceeds thereof general public. After careful consideration o f the entire
v
aK ^luiptnent Purpoet-s, a ml in anticipating, subject, an organization known as the Joint Traffic Associa
.d
f? T iw *r?5.?.Tb e' ■ Pa>1
rmpnt of the obligations referred
to. These bonds were issued as o f -November 1st, 1895 bear tion has been formed in the belief that, through its instru
ing four per cent interest, maturing fifty years from date mentality, not only could substantial economies be enforced
the pln n ! in the administration o f the service, but stability and uni
formity of rates secured to the public, and the violent fluc
Pinh
u,?JJmber
of Height moved on the lines west of tuations prevented which tend alike to disturbance o f val
Pittsburg was
1.5.5.248. an increase of 11,233,771. The ues and unjust discrimination. W hile sufficient time has
not elapsed to thoroughly teat its working, yet enough lias
nu^ e 'e^rf «pas8en^ rs r W
^
1’ 177’ an increase o f ' 332,861. been accomplished in the correction o f evils to demonstrate
h n m e m t and
o f P itts b u r K its value, not only to the railroads but to the public, and to
urn ocmai ^
operating expensgs, ^3"justify the belief that to it. or some like organization, the
carried'. W ,ona of fr« ‘ 8ht moved and 75,052,479 passengers Inter-State Commerce Commission must look for the potent
agency to enable it to enforce the provisions and secure the
results sought to be accomplished by the passage of the In
OKN'KHAL k e m a r k h ,
ter State Commerce Act, Mr. David S. Orav, for many years
'ith3 />rsn i,r'tlfiK Vp' itaDa<Prf! of the Trust created manager of the Union Line, has been appointed representa
?
the sum of
m C° 5 lpany
.December 31st. 1895, tive of this company on the Board of Managers, which has
been $5 540 a-w -J V ™ 91' , . The, total income therefrom has
w r t o » O T 8 2 m w and on that, date securities amounting at the active administration o f the affairs o f the Association.
tou r Board have again to record the loss of one o f their
par to $9,938,205 were held in the Trust, yielding an interest
mo«t valued associates, Mr. Henry H. Houston, who died on
THE CHRONICLE,
460
June 21st, 1893. Mr. Houston’s intimate connection with
the freight organization of your Company, covering a period
of thirty years; his invaluable labors in that department,
and his able and conscientious discharge of the duties of a
director of your Company and its allied corporations, make
it especially appropriate that the Board should express their
sense of the deep loss sustained by the Company no less
than by those who had been his personal associates through
so many years.
,
.
Mr. C. Stuart Patterson was elected a member of the
Board to succeed Mr. Houston, thus creating a vacancy in
the auditorship of the Trust Fund of October 9th, 1878, which
has been filled by the selection of Mr. John B. Gest, one of
your shareholders.
31r. Edmund Smith, formerly Vice-President of the Company, who had rendered faithful and honorable service to it
GENERAL
BALANCE
[Vot.. L X II.
for more than forty-one years, until his resignation June
80th, 1888, died on the 81st of July last. His long connection
with and devotion to the interests of the Company, make it
fitting tliat this tribute should be paid to Ms memory.
31r. George V . 3Iassey was appointed Assistant General
Solicitor August 1st, 1895, to fill the vacancy heretofore
caused by the promotion of Hon. James A . Logan. Mr. John
G. Johnson was appointed Special Solicitor, to take effect
February 1st, 1895.
The General Balance-Sheet of the Company is hereto ap
pended.
The Board renew their acknowledgments to the officers
and employees for the fidelity and efficiency with which they
have discharged their duties during the past year.
By order of the Board,
______________________
G. B. ROBERTS, President.
SIIEET DECEM BER
31, 1895.
D uring Y e a r 1895.
DEBIT.
Decrease.
Increase.
ASSETS—
Road and E quipm ent:
.
_
I
Cost o f road, including the cost o f the Harrisburg Portsm outh Mt. J oy &
Lancaster Railroad, represented by the guaranteed capital stock and bonds
of said com pany ($1,882,550).................................................................................... $54,014,179 07
Real estate............................................................................................. .
i 20,142,993 19
Equipm ent............................................................................................. $40,0*3,221 87 |
Equipm ent covered by 4 p ercen t Equipment Trust G old Loan,
.rnrd
Girard Life Insurance. Annuity & Trust Com pany,Trustee—
Company, Trustee—
A ccount Pennsylvania HR. Co......................... $1,901,930 69
A ccount Pennsylvania C o.................................. 1,610,000 00
3,571,936 69
43,645,158 56|
S e c u r it ie s —C o st
of—
Stock of railroad corporations..................
Bonds o f railroad corporations.................
Stocks and bonds o f other corporations.
$324,353 00
283,505 95
136,400 00
$118,402,331 42
$73,713,702 46 .
33,628,955 7 7 j.
10,693,247 64
M ortgages and around--rents receivable.....................................................................
A ppraised value o f securities n ot disposed of, received with the lease of
United New Jersey Railroad & Canal Co .............................................................. 1
Current
440,733 69
118,035,905 87
103,000 00
1,450 00
100
3,283,461 25
assets—
2,036,518 72
334,499 93
327,460 19
Due fo r advances for construction and other purposes.......................................... | $7,183,599 58
5 5,115 81
Bills receivable..............................................................................................................
3,181.322 25
Due from agents and superintendents.....................................................................
1,629,640 11
M iscellaneous assets........................................................................ ..........................
3,021,430 90
Materials on ba n d .........................................................................................................
C ash Deposit o f Allegheny V alley Railw ay Co to redeem its 7*3
per cent bon ds.................................................................................$2,095,307 01 j
Balance proceeds sale consolidated m ortgage 3 ^ per cent
sterling bon ds.................................................................................. 3,976,692 99 1
Balances with i ondon Joint-Stock Bank, Limited, and others
for payment o f interest.................................................................. 2,075,581 80
14,786,989 64
In hands o f treasurer.................................... ................................ 6,639,404 84
S in k in g F
Managers o f Trust created October 9 ,1 8 7 8 ...............................................................
8,619,569 14
30,368,098 29
324,780 00
$3,567,820 00
4,495,190 91 ............................
---------------------8,063,010 91
Insurance fu nd.......... ..................................... v.........................................................................i
74,340 88
10,000 00
T otal..............................................................................................................................
$278,265,807 74 $10,277,880 23!
D u r i n g Y e a r 1895.
CREDIT.
C
urrent
L ia b il it ie s —
Due Insurance Fund ...............................................................................................
Interest accrued on Pennsylvania R ailroad Company bonds.
Interest on bond* matured and u n c o lle cte d .................................... . . . . . . ! ! . ! ! ! ! ! .
Dividends uncollected by shareholders.......................................
M iscellaneous liabilities ........................................................
S in k in g F
$6,233,449 80
889,205 41
9,374,748 59,
2,095,307
80,997
309.792
65,227
1,637,276
53.026
48,385
981,358
T otal.
1 00
$828,565
05
158,893
34
24,853
23,505
90
62
110,676 71
324,780 00
4,582,407 78 .
87,216 8
10,817,089 60
23,553,469 86
80,500 00
91,910 59
397,837 62
. $278,265,807 74 $10,277,880 23
ROBT.
Btatli>ii" 'V li'i 11 ^1j.Vi7a°1
*| 1 .i<
52,674 73
1,511 27
1,637,276 86
21,768,776 31
Balance to credit o f profit and lo ss.........................................................
4,850,000 00
2,095,307 01
20,939 12
$5,339,800 00 .
483,000 00 .
411,881 82 .
$3,350 00
1,268,447 88
291,218 48
01
36
45
16
86
92
89
86
u n d s—
Sinking fund consolidated mortgage bon d-, contributions to Dee. 31, 1895..
Fund f .r purchase o f securities guaranteed by the Pennsylvania Railroad
Company, under Trust created October 9. 1878....................................................
Pennsylvania Company, payments for leased equipment under Pennsylvania
Railroad Company 4 per cent equipment trust gold loan
Trustees’ sinking fund consolidated m ortgage, P ennsylvania RR. Company*’. !
Decrease.
Increase.
L iahii.it ies —
Capital sto ck ......................................................................................................................
. $129,301,550 00
Funded debt—
General m ortgage bonds, 6 per cent, due 1910 ............................... ......................
$19,997,820 00
Consolidated mortgage bonds, 6 p er cent, due 1905..........................$27,480,020 00
4.998,000 00
Consolidated m ortgage bonds, 5 per cent, due 1919.........................
Consolidated m ortgage bonds, 1 per cent, due 1943.........................
3,000,000 00
Consolidated m ortgage bonds, 3*2 per cent, duo 1945......................
4,850,000 00
40,328,020 00
Navy Yard mortgage bonds, 5 per cent, due 1901....................................................
1 , 000.000 00
C
teral trust loan, 4^ per cent, due 1 9 13..............................................................
9.900.000 00
2.728.000 00
Equipment trust loan. 4 per cent, due 1914...............................................................
P. W. A B. RR. Co. stock trust certificates, 4 per cent, due 1921.........................
7.702.000 00
First m ortgage real estate bonds, 1 p e rce n t, due 1023..........................................
2 , 000,000 00
pkgM and ground rents payable..........................................................................
4,003.070 72
87,658,910 72
Guaranteed securities under lease Harrisburg Portsmouth Mt. Joy < Lan
fc
caster HR.—
Capital sto ck ....................................................................... .*
......................................
$1,182,550 00
First m ortgage 4 per cent b on ds............................................................................
'100,000 00
1,882,550 00
Appraised value o f securities not disposed of, received with the lease of
united Now Jersey Railroad * Canal C o ......................................... . .....................
fe
3,283,461 25
Pay-rolls and vouchers....................................................................................................
Net traffic balances due other roads.................................................... ......................
Due controlled companies, other than trafiic balances...........................................
Due A llegheny V alley Railway Company amount on deposit for redemption
o f Its 7*3 per cent bonds March 1 ,1 8 9 6 ..................................................................
Due em ployees’ Saving F und...... .......................................................1
Due Relief Fund, current and surplus a ccoun ts..... .............. ! ! ! ! ! ! ! ! ! ! ! ! ! ! I I I I !
1,856,171 00
643,822 30
u n d s—
Pennsylvania Railroad Consolidated M ortgage Sinking Fund.. $5,339,800 00
Less bonds redeemed and cancelled.............................................. 1,771,980 00
$418.156 0 0
992,327 48
W.
SM ITH, Treasurer.
1 1 c0I>lea ot tlle Report In pamphlet form by personal application or by letter to the Seoretary, R oom 271, Broad Stre**
1
THE CHRONICLE.
M a r c h 7, 1896.J
461
F IX E D CHAEGES.
THE C O L O R A D O FUEL & I RON C O M P A N Y .
APPLICATION TO THE NEW YORK STOCK EXCHANGE.
New Y oek , Jan. 29, 1896.
Application is hereby made to have listed on your Ex
change $2,021,000, par value, of the General Mortgage five
per cent Sinking Fund Gold Bonds o f the Colorado Fuel &
Iron Company, being bonds Nos. 1 to 2,021, inclusive, for
$1,000 each.
These bonds are a part of an issue o f 6,000 bonds o f $1,000
each, aggregating $6,000,000, numbered from 1 to 6,000, in
clusive, authorized by the articles o f incorporation of the
company, o f which $2,021,000 have been sold for the purpose
o f supplying working capital, for improvements at the steel
works, tor opening and equipping additional mines and
building additional coke ovens. Under the provisions o f the
mortgage the remaining bonds. Nos. 2,022 to 6,000, inclusive,
are retained by the trustee, the Central Trust Company of
New York, for the purpose o f retiring the outstanding bonds
of the Colorado Coal & Iron Company, $3,079,000, and of the
Colorado Fuel & Iron Company. $1,000,000. The bouda are
dated Feb. I, 1893, and are payable Feb. 1, 1946; interest is
payable Feb. 1 and Aug. 1, at' the o trice or agency o f the
company in the city o f New York ; the bonds can be regis
tered as to principal and interest at the option o f the holder.
The Chase National Rank o f the city o f New York is the
register o f bonds and agent for payment o f bond interest.
The bonds are secured by a mortgage to the Central Trust
G r a n n y Of New York as trustee on all of the property and
assets of the company, subject to $4,964,000 prior liens of the
following mortgage*;
1, The Grand River C oil & Coke Company to the Central
Trust Company as trustee, dated April t, 1889. securing an
issue o f $l,w0.000 6 per cent sinking fund gold bonds, due
April 1, 1919. Amount outstanding. $955,000 (of which $180,000 are owned by the Colorado Fuel & Iron Company ,
2, The Colorado Coal Sc Iron Company to Lewis H. Meyer
as trustee (II. K. McIIurg successor if* trust 1, dated February
1, 1880, securing an issue o f $3,300,000 6 per cent sinking
fund gold bonds, due February 1, 1900. Amount outstand
ing, $2,079,000.
8. The Colorado Fuel Company to tin- Atlantic Trust Com
pany of New York m trustee, dated May 1. 1889. securing an
issue of $ 1,200,000 6 per cent sinking fund gold bonds, due
May 1, 1919. Amount outstanding. $J,OO0,0O0.
DESCAl P riO N OF P R O PE R T Y .
The property securing the mortgage consists principally
o f—
Coal Land* O w n e d .........................................6 $ ,187 seres
Cost Lands L e a w d .................................. .
SMI70 "
flftO
**
75,954 aerea.
T ow n Lots, P u t l o , W alaentarg. CrrstAd Bart to, S d d m
anti $«ipru ................. . .... ...............................................
83,499,000 Colorado Coal & Iron Co. Bonds at 0 p er cen t. 8209,940 00
1,000,000 C olorado Furl Co. B odcI s at 6 per c e n t................
60,000 00
775.000 G rand R iver Coat A Coke Co. Bonds at 6 per
o e n t ...............................................................................................
46,500 00
2.021.000 Colorado Fuel & Iron Co. Gen. Mtg. B onds at
5 per cent.................................................................................... 101,050 00
T o t a l ............................................................................................$417,490 00
(Of the Colorado C oal & Irou Company Bonds $,">20,000 are held by
the Trustees as a Sinking Fund and the interest, $31,200 per annum, is
u sed to p u rch a se a d d itio n a l b o n d s, and th e re b y r e d u c e th e a m o u n t o f
the bonded indebtedness.)
EARNINGS.
Colorado Fuel & Iron Company's fiscal year closes June 80,
the organization having been completed Nov. 1, 1893.
Xetenrn'gs. Bond^nt’sl.
Nov. 1, '02, to 3 nne 30, ‘93 (8m o».),575 1.T0 37
Y ear ending Juno 30, ISO l ............. 318,6-18 20
1995..............6 3 2 ,8 8 0 9 3
Six months ending Dec. 31. tS9."> 361,709 48
212,500 00
31 *,640 0 0
318,840 00
200,123 31
393 lot*
15 Coal Mines In operation : daily ca p a city ...................... 12.000 ton*.
1 Coal Mine tn course of development.
857 Coko Oveu* In op era tion : dully r a p a c ity ..................... l.o o o t o n 2 Iron Mines In operation ; dally rapacity .................... 1.000 “
mow a*o imtti. flast scan rtJE*u>. comuu no.
3 B last Furnace*............... dally capacity, 5 0 0 T ou* P i* Iron
2 Bessemer C onverter*_ "
“
500 Ton* Steel ingot*
1 B loom ing Mitt—
... •
•
3 0 0 Ton* Bloom*
i b * b M iu ............................ *
•
**
B ooivut* Ran*
Merchant Iron M1U......... "
•
•
Ml Tons Bar Iron o r Steel
Pipe Foundry............... *
•
4 « Ton* <:,*.* o r Water Fine
ft ilk c Mill.......................... *
•
•
*
200 K * f» Spike*
CM
ffitttr* Foundry, Mar Mur Shop, etc.
Of the foregoing property 11.957 acres o f coal lands are not
covered by any or the prior mortgages, so that as to that
property the Colorado Fuel S Iron Company mortgage is a
c
first and only lien,
SIR KING FUND.
The mortgage provides for the set ting aside o f a sinking
fund of 2 cents per ton on all coal mined and a cents per ton
on all iron ore mined. This fund can be invested by the
company in the purchase of coal or iron lands to replace
those mined out, but if not so inverted shall be paid to the
trustee, or a majority of the bondholders may demand that
the entire amount be paid to the trustee. The trustee is au
thorized to invest, the sinking fund in the general mortgage
bonds of the company by purchases in the open market, or
can redeem by lot at 105 and accrued interest on the 1st
o f February or each year.
The mortgage also provides that such mortgage and the
trust conditions and powers thereby imjioscd or granted
may be altered, curtailed, enlarged or added to in any man
ner that shall lie agreed upon between the company and the
trustee, provided that such alterations, curtailments, en
largements or additions shall have first been approved by
holders of two-thirds in amount of all the then outstanding
general mortgage bonds; but the trustee is empowered to
refuse to agree to any such alterations, curtailments, en
largements or additions, in case he shall think tliat the
same will unreasonably impair or prejudice the rights o f the
bondholders who do not assent thereto.®
Surplus.
362 599 37
200,808 20
314,046 93
181,076 17
ST A T E M E N T CONCUR SIN G A P P R O FETATIO N O F 8 D R P L U 3 N ET E A R N IN G S.
The surplus net earnings o f this company from Oct. 21,
1892, to June 30, 1895, amounting to $877,434 50, have been
appropriated as follows :
1893.
Equipm ent and real estate sinking fu nd s...............................$89,931 93
i5 n m i.il stack dividend. May IN, 1893 ............................... 115,348 75
P referred
dividend, Deo. ST, 1 8 9 3 ,..... ........................... 80,000 00
1894.
On arootmt. com m on stock dividend o f M ay 1 3 ,1 8 9 3 .........
177 50
sin king fon d* fo r coal and iron m in ed ....................................... 73,788 56
Interest on iloatir * debt ... .......... ......................................... 5 7 ,1 3 2 1 1
Chanted o ff agaltwd shrinkage in value o f iron departm ent,
supplies and m anufacture 1 stocks on hand June 30 .189 3.12 0.11 4 12
1895.
Sinking fund* for con! and Iron m ined.................................... 92,010 50
$634,533 -17
Balance o f Incom e iKseotiut, June 8 0 ,1 8 9 5 , carried fo r
ward to pay accum ulated dividend* on preferred stock
and other purpose*................................................. ................. $242,921 03
F rom tbt* amount there !m* b>*«ii paid sin ce August 1.
1895, on account o f redem ption o f scrip dividend o f
August 1. 1803, and Feb. I, 1894 ($1,004 not having
been presented; ......................................................... ............ 155,936 00
Balance o f *urplu- now on hand ................. ........................ $86,985 03
STATE'S!RAT CONCBRNtHO SOUP DtVlOEIUW OF PREFERRED STOCK,
A u «. 1 .1 0 0 3 . scrip fo r dividend on preferred was lu lled
.amounting t>>............................................
........................ $80,000 00
Feb, 1 .1894, »>*ip for dividend on preferred w»* issued
ammmti ng t o ..............................................................................
80,000 00
Total scrip ItMievi............... ............................................ .
$160,000 00
Holder* were notified to present ab ove scrip for paym ent
A n*. 1 .1 8 0 5 , and there has been so presented, paid and
canceled to d ate................................................................
155,030 00
Leaving outstanding................................ .................. ...............
-------71.95? acres
“
Iron Land* Owned....... ................ ........................ ...... 2,452
Iron and Steel Plant, Water Sujnlr, 8e*orvolr», ete,,
Land* Owned, ..................... .............................. ...... 1,045
•
*
l l k m n I M I ammI* O w n ed ....... ................................. ............
The fixed charges of the Company are as follows:
$4,064 00
J. C. OSGOOD, President.
The Colorado Fuel & Iron Co.
The Committee recommended that the above-described
,021,000 General Mortgage live per cent Sinking Fund Gold
itids o f 1943, Nos. I to 2.021 inclusive, be admitted to the
list.
t
President Osgood furnishes the following additional data :
The coal land*contain proved reserves of 400 million tons.
This includes only the coal developed with reasonable cer
tainty by the mine workings and numerous borings and ex
cavations, ami does not take into account the vast reserves
which past experience shows should ba contained in the re
maining acreage of promising coal-measure land belonging
to the company. The coals are o f superior quality and ail
varieties; steam, domestic, coking, gas, smithing and an
thracite. Tile lands are located in various parts o f Colorado
on all lines of railway, so as to reach all markets dependent
on Colorado for coal and coke supply. A t the present rate
o f production the reserves are sufficient for two hundred
years, and so located that additional mines can be opened to
increase the present output at least four-fold.
The iron lands contain proved reserves o f three million
tons o f iron ore. This includes only the contents o f such ex
posed portions of the principal ore bodies as can with rea
sonable certainty be determined by measurement*, and.does
not include the undeveloped portions of these or other ore
bodies in the same land. Nor does it include any portion o f
the undeveloped ore reserves belonging to the-Company in
the Tin Cup, South Park and Grape Creek districts.
R.
C. Hills, o f Denver, Colorado, the geologist o f the
Company, who lias been engaged for the past ten years in
examining the coal and iron resources of Colorado and
neighboring territory, has prepared a detailed report on the
properties of the Company, a copy of which will be furnished
on application.
8,000 acres o f the coal lands included in the foregoing
statement were acquired by purchase from the Grand RivetCoal & Coke Company, subject to an issue of $1.000,000 0 per
cent first mortgage gold bonds, o f which $775,000 are now
c
outstanding, and $180,000 are owned by the Colorado Fuel S
Iron Company, the remaining $43,000 having been purchased
and canceled under the operation o f the sinking fund pro
vision of the mortgage,
The Company's iron and steel business is in its infancy
and the possibilities of fut ure growth are almost unlimited.
The Company produces all the raw materials entering into
I’HE CHRONICLE.
the manufacture o f iron and can manufacture Bessemer pig
at a less cost than its nearest competitors. It lias no com
petitors in the territory it looks to for a market. The nearest
blast furnaces and rail mills are located at Chicago, 1,000
miles east, and 500 miles from the eastern border of the
territory referred to. The Company's present production ot
iron and steel is not sufficient to supply but a very small
fraction of t he demand in the markets it can reach. In the
matter of steel rails alone the railway mUeage is 40,315,
requiring large quantity of rails annually for renewals.
W ith an assured supply of pig iron, steel ingots, etc., at
prices which the Company can profitably sell these products
for, manufacturing industries of all kinds will be established
to supply home markets which are now supplied from Penn
sylvania' and other Eastern States, 1,000 to 2,000 miles
distant.
,.
.
The freight rates from these great distances ensure the
control of this market (as well as a large percentage of
profits) to flie Colorado Fuel & Iron Company.
Northern Pacific R R .— Consolidation of Receiverships.— In
our editorial columns will be found a complete copy of theopin
ion, obtained by telegraph, of Circuit Judge Gilbert and Dis
trict Judge Hanford, denying the motion of the Farmers
Loan & Trust Co. to appoint same receivers as those appointed
by Judge Jenkins.
Suits.— The pleas of the Wisconsin Central Co. and Wiscon
sin Central Railroad Comoaay were filsd at Mdwtukee on
the 2d inst. in substantially the same f irm. In brief they
allege that the Northern Pacific was prohibited by its charter
from issuing any bonds or making any mortgage except by
consent of Congress; that Congress never consented to nor
authorized either of the mortgages under foreclosure, nor
the issue of any of the said bonds; and claims that all said
mortgages and the bonds issued thereunder are void and of
no effect.
In the suit of the Farmers’ Loan & Trust Company the
answer of the Livingston Committee, filed March 2, alleges
in brief that the second mortgage covered all property and
rights of property both real and personal, including all leases,
bonds, stocks and other securities, which, after the making
of the general second mortgage, the Northern Pacific held,
owned or acquired, in which it became in any way bene
ficially interested, or which it now owns or is interested
in; that ihe second mortgage is a prior and superior
lien upon all the property described in the general
third consolidated and the collateral trust mortgage;
that receivers have paid $1,400,000 interest on collateral
trust notes and have also issued $4,910,000 receivers’ certifi
cates and have paid interest thereon-; that judgment may be
entered that the general second mortgage is a lien prior a n i
superior to the third consolidated and collateral trust mort
gages, and the property covered by each, and if not so decrsed
then that such interest payments be adjudged without right,
and that if the second mortgage be not adjudged superior to
the lien of the receivers’ certificates uoon the redeemed
securities thereunder, then that such certifica es be adjudged
no lien upon the property described in the seoond m irtgage
prior to the lien of said mortgage.
The final hearing on the accounts of H. C. Payne. T. F.
Oakes and H. C. Rouse as receivers has been fired for Marc.i
16 in New York City.— V . 62, p. 414.
[V ol . LXI1.
000,000. The company is to lay a cable to Japan via the
Sandwich and other Pacific islands.— V . 61, p. 1108.
Pennsylvania HR.— Annual Report.— 'The .report of this
company for the year ending Dscemoer 31, 189o, will be found
at length on previous pages of the C h r o n i c l e , and an ar“
tid e thereon in our editorial columns.— V . 63, p. 4lo.
Pittsburg & Western Ry.— Receiver.— On Monday, March
2, the President, Thomas M. King, was appointed receiver of
this company. The Baltimore & Ohio controls the road,
owning $6,050,000 of the common stock, and in May, 1893,
began UBing the road as part of its main line to Chicago. Th®
annual report of the company for the year ending June 30,
1895, will b e found on a previous page of this C h r o n i c l e .
First Mortgage Bonds.— Messrs. C. J. Lawrence & Sons,
31 Broad St., New York, representing holders of a large num
ber of the first mortgage bonds of the Pittsburg & Western
Railway, invite holders of these bonds to send their names
and addresses and amount of bonds held. See advertisement
in another column.—-V. 60 p. 1156.
Union Pacific Ry.— United States Land Suit—In an
amended complaint filed in the Federal Court at Denver,
Col., on Feb. 24, in a suit against the Union Pacific Railroad
receivers there are 2 ,0 0 0 defendants and the value of the
property in question is estimated at $2,000,000. The United
States is plaintiff, and seeks to have patents to valuable tracts
of land in Colorado along the main line of the Union Pacific set
aside, on the ground that when the deeds were issued by the
Department errors were made in the conveying of these
lands. The individual defendants are those who hold under
these original conveyances to the Union Pacific, and they will
not be much affected by the suit if they can show a bona
fide title to the land in their possession.
The lands affected are many of them now within the
boundary of the city of Denver and are very valuable.
Reorganization—Ur. W . S. Pierce, representing the Reor
ganization Committee of the Union Pacific, appeared before
the House Committee on Pacific Railroads at Washington,
D. C., on Maroh 4. He said that it was the purpose of that com
mittee to exchange for the bonds of every class which are
charged upon the properties embraced in reorganization, new
securities, in proper proportion, to be issued by the reorganized
company, so that under the new mortgage of the reorgan
ized company all these properties would be included. Ati
outstanding bonds and mortgages were to disappear, and the
railroads, terminals, lands and equipment of the Union Pa
cific were to be subject to no other charge than that imposed
by the new mortgage to be issued by the reorganized com
pany. The outstanding bonds secured by mortgages cover
ing the Union Pacific property embraced in the reorganiza
tion, exclusive of the bonds held in the United States and
mortgage sinking funds, aggregated about $50,681,000. Of
these the Reorganization Committee holds $33,833,000. The
outstanding capital stock of the Union Pacific amounted to
$60,863,500. The Reorganization Committee held $55,579,000.
That was to say, the committee held 7 6 ^ per cent of all the
bonds afloat and over 90 per cent of all the outstanding stock.
— V . 62, p. 415.
United States Rubber Co.— A t a regular meeting of the
board of directors in Chicago this week the resignation of
James Bannigan as President was received and accepted.
Robert D. Evans, who was the first President of the company,
was elected to succeed Mr. Bannigan. James B. Ford, who
has served as second Vice-President since the organization of
North Pennsylvania RR.—Mortgage Extended.— The 7 per the company, was elected first Vice-President. H . B. Hollins
eent mortgage of 1866 for $1,500,000, whioh matures May 1 has resigned as a director of the company.—V . 62, p. 331.
next, has been extended for forty years, to 1936, at the rate
Yonkers Railroad— Extension o f Route.— This company
of 4 per oent per annum.— V. 61, p. 872.
has filed with the Secretary of State a certificate of extension
of route from Yonkers to Hastings-on-Hudsou, to Dobbs
Oregon Railway ttc Navigation Co. Deposits.of Stock.— Ferry, to Irvington and to Tarrytown, and also through addi
The reorganization committee, Alfred S. Heidelhach, Cnair- tional streets in Yonkers.
man, state that 226,700 shares, out of a total issue of 240,000
shares, have beea deposited with the committee, and that
further deposits of suoh stock with the State 1
’rust Company,
— Statements of the following ba .ks will be found among
N. Y ., or the Old Coloiiy Trust Co. of Boston, may be mads our advertisements in this issue of the C h r o n i c l e : Chase,
on or before Monday, March 16 next, upon payment of the Second, City, Continental, Mercantile, Market and F u ltm ,
assessment of $ 6 per share, and in addition a penalty of $ 1 per Gallatin and American Exchange National of New York,
share.— V 62, p. 365.
the Fourth Street National of Philadelphia, and the Bank of
America of New York.
The statement of the Chemical
Oregon Short Line & Utah Northern R y.— Reorganiza- National Bank of New York will be found on the last page
ion. — The plan of reorganization, including all classes of se of our monthly Q u o t a t i o n S u p p l e m e n t issued to-day.
curities, has secured the approval of committees representing
— Messrs. W in. E Hutton & Co., Cincinnati, have issued a
special securities affected by it. The plan was prepared
by the following
committee : Samuel Carr of Boston, smalt manual giving a ten-year range of prices of securities
Extciitor and Trustee of Ames estates; Alexander E in which there is a Cincinnati interest. It is a very conve
Orr of New York, President Chamber of Commerce; nient and useful publication. Messrs. Hutton & Co. are mem
Walter G. Oakman of New York, President Guaranty bers of the New York Stock Exchange as well as of the E x
Trust Company; Nathaniel Thayer, Boston; Gordon A b change in Cincinnati, and are also prominently identified
bott. Boston, Vice President Old Colony Trust Company; with street railway projects.
Gardimr M. Lane of Lee, Higginson & Co., Boston; A. A. It.
— The annual statement of the Mutual Life Insurance Co. of
Boissevain. Amsterdam, and George P. Butler of New York.
New York is published in this issue The year’s income was
Printed copies of the plan and the agreement may be obtained
$48,597,430. The payments on account of matured death
on and after March 10.
claims, endowments, annuities, etc., amounted to $23,126,728.
Plan.—The plan will be made public on Tuesday. Some of
The insurance and annuities in force aggregats $890,074,453,
its details were given in the C h r o n ic l e of Februtrv 22. p i 'e
a net gain in 1895 of $51,617,645.
365.
r ’
Pacific ' able Cotnpnny.— Increase, o f Stock. —This com
pany, which was incorporated at Trenton, N. J .. in December,
1895, has increased its capital stock from $1,000,000 to $10,-
— Holders of Schuylkill River East Side RR. first mortgagebonds (Baltimore & Ohio system) are requested to send their
names to Messrs. Dick Bros. & (Jo., Philadelphia, for the pur
pose off orming a bondholders protective co umittee.
THE
March 7, 189S.J
CHRONICLE
$lie (Commercial %imzs*
COMMERCIAL
C O T T O N ,
EPITOME.
Heavy rains early in the week, causing destructive floods in
the New England States, were followed by a heavy snow
storm, with severely wintry weather and violent gales, caus
ing much delay in the movements of shipping, but the
week closes spring-like. The ice in northern harbors has
been broken up. Mob violence directed against American
diplomatic representatives in Spain and provoked by the ac
tion of Congress looking to the recognition o f the belligerents
in Cuba were a disturbing influence in financial aod com
mercial circles early in the week. General trade is dull, and
some manufacturing establishments are running short-t1 me
or wholly stopping work. A proposition to tax dealings in
contracts for staples of agriculture called an Anti-Option
Bill,” has been again introduced into Congress. Some signifi
cance to business interests was attributed to a serious defeat
of the Italian army in Abyssinia.
The following is a comparative statement of stocks of lead
ing articles of merchandise at dates given :
Feb. i ,
m ve.
Fork— ................
bbl*.
h ard..........................................tea
Tobacco, d o m e a d e........... .Mid*.
Tobacco, fo r e ig n .... ------ bale*.
Coffee, Bto............................ bag*.
Ooffee o th e r.................... ..baa*.
Coffee, Java, A c ......... .....m a t *
Sugar........................... ....... bisd*
• « p r . . . ....... .............. .bag*, Ac,
Molasses, fo r e ig n .............. hhda.
SOd m ...........................
So.
C otton..................................bale*.
B o a ts.,...................................bbia,
Spirit* turpentine________ bbl*.
aio*. d om estic..................... bbU.
Saltpetre.................. ............ha**
Jate turn*........................ ..bale*.
Maulia. h^mn„„_.
Sisal hemp..............
F loor___ ______bbl*. ai
9.6M4
30,1 *S
16,299
2 3 ,7 .3
261,377
79,183
55.236
61
554.969
S oar.
151.100
*SS
8,068
3,062
10.500
9,800
None.
2 300
2,300
10,0*8
21,375
1772100
Niter* 1,
1695
7,620
26.153
15,«e3
21,017
218.903
77,166
42.069
192
185.183
215
110,000
137,212
31,971
2,330
2,912
7,900
13,000
None.
5,500
2,300
9,3 ta
12.629
11.869
15,791
65.770
167.523
40,391
10,631
221
252,314
None.
49,100
177,055
30,716
1,169
2,900
11,500
1.500
None.
3A0O
2.000
14,700
12.555
l e i '. i o o
%
The demand for lard on the spot ha* been very limited.
Early in the week, however, prices were quoted higher, but
subsequently there was a decline and the close was easy at
5-30c. for prime Western, So. for prime City and .VSW for re
c.
fined for the Continent. Speculation in the local market for
lard future* has been at a standstill, but price* advanced dur
ing the first half of the week in response to stronger advices
from the West, where there was some buying by short-* to
cover contractu, stimulated by emitter receipt* of swine at
primary points, but later the con tinned slowness of the "cash7
'
trade caused a reaction, closing easy.
O .T ojumiso rate** or lard rxrrca*#,
AU
„
Sat.
M » y ............................... 0, 5-70
Mon.
575
Toes.
5-80
Wed.
577
Jkur.
5*75
March 6, 1898.
by our telegrams
from the South to-night, is given below. For the week ending
this evening the total receipts have reached 85,288 bales,
against 95,639 bales last week and 109,395 bales the previous
week, making the total receipts since the 1st of Sept., 1895,
4,545,497 bales, against 6,858,034 bales for the same period of
1894-5, showing a decrease since Sept. 1,1895, of 2,310,537 bales/
F r id a y N ig h t ,
T h e M o v e m e n t o f t h e C r o p , as indicated
F r id a y N io b t , March 0 ,1 8 9 6 .
Harr A 1,
1896.
463
Frt.
5 72
Receipts at—
Sat.
G alveston ........
T ex. City, &e.
S ew O rlean s...
M obile...............
F lorid a.............
S avan nah.........
Brnnsw'k, Ac,
Charleston.......
Pt. R oyal, A c.
W ilm ington. . . .
Wash’toii, Ac.
N orfolk..............
Wes* P oint.......
S ’ port S ., Ac.
S ew Y o rk .........
B outon.........
BalUtuore.........
Phlladelph'a,Ao
330
7,739
658
......
4,029
......
533
292
......
1,190
*.......
1,023
631
257
Mon.
3,765
487
2,766
662
......
2,018
. —a*.
353
930
1,914
200
356
.........
373
Vues.
IFed.
1,553
2,550
7,079
18
—
3,040
6,468
27
........
609
369
......
88
405
......
218
2,446
50
......
2,312
345
573
......
297
5
......
Thurs. | Fri.
1,314:
1481
1,439:
503:
.........j
2,152
......(
1,018
;
139'
......
1,638!
......
___
......
760
......\
202;
Total.
829 10,341
1,714
2,349
1,706 27,197
268
2,136
......
3,045 14,893
3,976
3,976
031
3,309
19
19
72
1,739
6
0
1,272 10,777
300
50
981
981
2,146
1,123
3,292
627
315
315
1,510
376
l ot'Is this week 16.687 13,824 14,993 13,4591 9,313 17,010
85,286
The foil >wing shows the week’s total receipts, the total sinoe
Sept. I, 1893. and the stock to-night, compared with last year.
Receipts to
March 0.
G alv eeton ...
T ex. C .,A c
New Orleans
M obile..........
F lorid a........
S avan n ah ...
B fw lc k , Ao
C harleston..
P.R oyal.A c
W ilmington.
Wa»h’n,Ao.
N o rfo lk ........
W est P aint..
ffp
New Y o rk ...
Boston..........
B altim ore...
PUlladel.,&e.
T ota l* .......
1895-96.
This Bine* Sep.
Week. 1, 1893.
1894-95.
This Since Sep.
Week. 1, 1894.
Stock.
1890.
1895.
10,341 832,008 14,817(1,533,858
08.027
96.226
2.349
3,078;
58,045
8,504
27.107, 1,53-4,660 44,281 2,210,900 314,438
2.170 217,354
2,130 180,304
28,909
19,060
24,969
108
......
*»»«.
14.803 629,523 13,023 840,539
05,157
510 140,975
6,074
3,976 109,539
8,797 391,840
35,093
3,309 260,425
58,-144
19
431.345:
1,769 223,735j
9,090
1,739 130,305
749
7
900!
«
32,512
10,777 275,017 11,113 407,254!
2,900 256,838
2,450
300 137,733
35,894'
17.132
398
2,048
981
44,050
1,445 113,423j 180,394
2,14b
67,470;
7,008
3,292
81,133
19,000
1,492 102,781]
44,301.
17,401
315
1,510
31,859
0,713
95,250
10,050
15,400
sm m .
mm
40,809
12,207
1,149
184,528
28,000
24,878
14,451
86,280 4,545,497! 119,835 0,850,03-1'
949,993
801,919
101,165
367,067
29,804
......
03,014
0,893
00,052
In order that comparison may be made with other years, we
Pork has been quiet but steady, cloatng at fl< ®I0 50 for give below the totals at leading port* for six season*.
mess. Cut meats have been quiet and unchanged. Tallow Receipts at— 1896.
1893.
1894.
1892.
1891.
1895.
has been moderately active and steady, c lo s in g at 8 1818c.
Galves'n Ac,
12.690
5,987
11,742
12,270
17.895
9,231
Cotton seed oil has been steadier, closing at 2-5!^(<J'25‘^c. for
30,102
20,911
29,319
38,133
prime yellow and 21c. for prime crude. Buiter, cheese and New Orleans 27,197 44,281
M ob ile........
2,130
1.881
1.251
2,000
2.170
4,502
egg* have been in fair demand and steady.
13,023
0.623
3,022
11,80 4
13,094
Coffee has been in increased demand and price* have ad S a v a n n a h ...1 14,993
3.329
8,707
2,551
1,770
3,879
4.510
vanced. closing at
for Rio No. 7. The mild Chaa'Um, A c
1,000
1,745
1,770
203
1,433
1,252
grades have sold fairly at full value*. Good Cucura quoted Wlta'toni,Ae
5,792
3,637
9,030
7,035
at l«® l«K e. aod standard Java at a s^ ffigo. Speculation in N o rfo lk ....... : 10,777 11.113
1,281
5,74 7
1,163
3,409
5,347
5,195
the market for contracts ha* been fairly active, and early in W, Point. Ac.
8,537
9,031
10,829
10,802
the week prices advanced rather sharply on the increased A ll o th er*...! 11,2311 17,282
spot business, but subsi quently weaker foreign advices and Tot. till* wk. 85,280
70,051
119,835
55,575
93,390
87,541
realizing sales by local "long*” caused part of the improve
ment to be lost, closing barely steady.
Since Sept. 1 4545,497 0950,034 5306,770 4403,900 0230,138:0009,521
The following were the final asking prices;
The export* for the ween ending this evening reach a total
Marett------ ------- 12-POc. I June.................. I t ‘90e. | Sept
fl5o o f 85,855 bales, of which -13,504 were to Great Britain, 1,830
A p r il................,12-S5c. |July..................11-hpc. O c t . ..............IQ-95cM »r.............. 12-25e, |An* .............,11-SOc. I N o v ..................10 90O- to France and 40,721 to the rest of the Continent. Below are
Raw sugars have sold slowly, but prices have been firmly the exports for the week and since September 1, 1895.
Week Ending March 8. two, From Sept 1 ,1«05. to Mch. e, 1*90.
maintained. Centrifugals quoted at 4>,£c. for &8<leg. test and
Muscovado at 3?4c, for fiW-deg test. Refined sugars have
Export*
Qrmt
OmUOmU- Tolu
Qrmt
fmm—
been firm but quiet; granulated quoted at 5c. Teas have
Total.
Bril'n. Franc* runt. Wmk. Britain. Franca t,e,nt.
been easy for the raw grades,
3,736 15.700 310,323 93,014 148.30,1 690,640
Kentucky tobacco has been firm but quiet. Seed leaf to G alveston..... 12,055
66,824
847 1,047
51,180 4,366
81*084
bacco has been quiet but steady; sales for the week were 805 T ex. City, Ac,
New Orleans
9,346 31,145 400,171 252,188 407,714 1,160,883
11,800
cases.
63.056
29,047
93,603
There has been a quiet market for Straits tin, but prices Mobile & Pen
m m 20.310 235.9J6 207,801
16*856 W thh
have mled steady, closing at 18-40c. Ingot copper has been Savannah ......
Brunswick-,.,.
46,32 1
66,774
2 *.451
less active, and prices have weakened slightly, closing at 11c. Charleston*.
...... 5,254 6,264 78,372
154.447 233,810
for Lake, Lead has also declined, closing easy at 3 ‘ltf4*9 Wilmtatcion. •.
35,003 1.77Q
90,708 128,381
! 9? , or domestic. Spelter has advanced, closing firm at Norfolk...........
32,008
1,000 $.583
11,36^
43.377
8 1 1)^(®3 20c for domestic. Pig iron has been quiet but
8.030
9,930
steady at «U 75i@13 50 for domestic.
N’p't News. Ac
8,884
8,384
d petroleum has been moderately active, closing at New Y o r k ,,... v\\m 1,647 7,085 18,882 m i . t n 32,41« 171.282 806,670
,. ... 3,888 165.734 ...... 2.128 167,862
7*10c, in bhis,, 4 80c, in bul* and 8c, In cases; crude in bbls. Boston............ z.m »
m
1,013
46,631
03,112
83
m
4 5 ,m
1 . 4:4
has been nominal; naphtha unchanged at 8-25c, Crude cer Baltimore,. ...
PblljwJelp'a.Ae
80,405
m
m
4,005 . . . . . .
26,800
m»
tificates have again declined, closing at |1 25 bid. Spirits
T o t a l ........ 48,504 1,680 40.723 85,865 1,600,025 401.110 1.376,680 3,817,«S4
turpentine has been easier, closing at 29t£ #29‘ £c. Rosins
have advanced, closing at ft TOcSfl 75 for common and good Total. 1894.9ft,
651,175 1,016,802 5.260,83*
0,012
152,180
strained. Wool and hops have been dull.
THU CHRONICLE.
464
In addition to above exports, our telegrams to-night also
give us the following amounts of cotton on shipboard, not
oleared, at tne ports named.
We add similar figures for
New York, which are prepared for our speoial use by Messrs.
Lambert & Barrows. Produce Exchange Building._____________
T h e S ales and P rices of F utures at New York are
shown by the following comprehensive table.
16,300
29,235
2,363
6,000
None.
None.
7,750
None
None.
3.000
None.
9,775
150
8.000
None.
1,847
3,207
2,000
155
None.
7,600
None.
None.
Stock.
Total.
70,627
23,192
8,000
7,905
10,000
13,600
19,725
21,000
76,217
16,850
66,173
14,809
174,049
Total 18 95...
Total 18 94...
22,226
150
71,806
43,906
16,504
13,118
162,241
103,910
787,752
733,766
Tb,
CW R
O
<■§
7U ,0
8®,*
S a t.
GULF.
W ed
T b.
G o o d O r d in a r y .................................
L o w M i d d l i n g ..................................
M id d li n g ..............................................
G o o d M id d lin g ..................................
M id d lin g F a i r .................................
7>10
8>
i ^ 8
816 .
S a t.
L o w M id d lin g ....................................
M id d lin g ...............................................
S tr io t M i d d l i n g ...............................
G o o d M id d lin g T i n g e d ................
6® „
7 7 !:
7 '» i «
Tues
6 ’ 6,0
6 1 6 ,„
67 8
6 70
I'a
7>s
7 78
83 0
83,
616,0
7® 0
I ! 6**
8M
8 11 , p
I I * 0 7 ‘ “ 16
8 16'
81
*
8 l » , . 8 i ai«
n o n Tue«
7 6 .0
715 ,1
711.0
7 7a
S3.
83i
W ed
6 7.0
76 .0
71632
711.0
T h .
6®s
7 ti
7 33
7=8
7%
MARKET AND SALES.
The total sales of cotton on the spot and for future delivery
each day during the week are indicated in the following
statement. For the oonvenienoe of the reader we also add
a column which shows at a glance how the market closed on
same days.
SALES O F SPO T AN D CO N TRA CT.
8 rO T M ARKET
CLOSED.
Bat’ d a y .
Monday.
Tneaday
Wed’doy
Thur’d’y
Friday..
T ota l.
Q u ie t.................
Quiet at >8 d e c..
Steady ...............
S tea d y .............
Quiet at i j e d e ..
Q u iet..................
Ex
port.
Con- | Spec- Con
su m p. u rt’ n tract.
300
i ' 7’5
566
....
106
482
278i
272j
....
....
...
1,7731
....
400
2,200
500
300
Total.
...
. . ..
2,675
1,066
882
278
272
3,000
5,173
Salts o f
Futures.
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1 @ :
1 s t7:
1 er:
1 e.-J;
1 s
cor. I ®
©
-4*4©-4 -4 -4 0 * 4 -4 * 4 0 * 4 *4*4 0 * 4
®©
ww °w
M tO ® tto to w ® w
to
b
w w ® w
to 1
U
I
coco
© oo
to
©O
to
to
*4-4
-?■? <
. . < -3-d £ *4*4 z -4<l %
C W r “ g * oid 9
O
CW r
O
© to Mg © © <? M© 4
®
i t
'g
ow ff-r- ® 8
.C I
O
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I
I $P :
I ®P?
c
c
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C
*
8 ®
*4*4 0 * 4
* 4 * ic * 4
*4*4 0 * 4 -i-i©*4
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i.
© WWC C C w® w
LOci
W
o
O
* -4 £ ~
*
© © **
t -l-i ►
o
to
<1-9
*4*4 % *4*4 ^
■3-d <
On this basis the prices for a few of the grades would be as
follows.
ITIon T u e s W e d
e; c
o
n
Good Middling.................. 619 on. Middling Stained.............. % oft.
Strict Low M iddling........ 3
oa. Strict Low Mid. 8ta in ed .. S6.tt off.
Low M iddling................... % off. Low M iddling Stained
1M off
Striot Good O rdinary....... n , off.
S a t.
E ■ to
*4
® 6 k> 3
3
SS’3 |
c- © ®
M-40-1
* £©*
©
>
\' £
1« : ?
The speculation in cotton at this market opened the week
under review quite dull, yet with an appearance of steadi
ness; but on Monday there was a semi-panic. The troubles
with Spain, threatening to become acute, lower quotations
from Liverpool, increased offerings of spot cotton for Southern
account, all coining upon a market in which buyers were
timid and reluctant, gave a downward turn to values, which
soon brought out “ stop orders,’' under the execution of which
there was a rapid decline. A demand to cover contrac s gave
a steadier range of values on Tuesday, but there was lit tie* or
no improvement in the tone of speculative circles. Hints that
some New England mills may reduce operations by rum ing
short time were an element of weakness. Wednesday opened
higher on a better report from Liverpool and asmall ci op move
ment, but the advance was not sustained. March comrac's
were notably weak, owing, it was said, to the fact that stocks
comprise an undue proportion of high grades. Yesterday
there was a sharp decline, attributed to large receipts at Bom
bay and Houston, unfavorable foreign advices ai d the good
weather at the South. To-day there was some recovery in
values on a demand to cover contracts, stimulated by better
repoits from Liverpool, small interior receipts and riduced
stocksihrough liberal exports. The close was steady at a de
cline from last Friday of 23 points in March, 15@18 points
for the other months of this crop and 14@15 points for the
next crop. The dealings bave been mainly in May and the
summer months, with a fair business in October deliveries.
Cotton on the spot has been dull; prices declined
on
Monday and 116c. on Thursday. To-day the market was
quiet at 7^gC. for middling uplands.
The total sales for forward delivery for the week are 1,072,700
bales. For immediate delivery the total sales foot up this week
5,173 bales, including 400 for export, 1,773 for consumption,
— for speculation and 3,000 on contract. The following are
the official quotations for each day of the past week—
February 29 to March 6 .
Rates on and otf middling, as established Nov. 22, 1893,
and revised Dec. 11, 1S95, by the Revision Committee at which
grades other than middling may be delivered on contract:
Fair .................................o.
on. Good O r d in a r y .............o. 1
off.
Middling Fair. .......... ...... 7a on. Good Middling T in g e d ...
Even.
Striot G ood M iddling.......
on. 8triot Middling Stained..
off.
5i ?
css?;
3? • |
627,870
51,705
46,736
- tt
C
O
w2
— 'S —
'
Total 18 96...
-
Av’ge..-------
23,195
17 222
None.
None.
10,000
3,000
9.300
13,000
1
'<
s
i
®®
®9
o
c
»
243,811
45,435
57.157
27,788
18,909
18,912
160,689
55,189
Now Orleans...
Galveston........
Savannah........
C harleston. . . .
M ob ile.............
N orfolk ............
New Y o r k .......
Other ports—
UPLA.ND8.
00 •
•
s o . , f n ST5
| g f ; |gg
Weak.
219,300
710«) 7-45
Lower.
Coast
wise.
G ood Ordinary...........................
Low Middling.......................... .
M iddling......................................
G ood M iddling. . . . . . . . . . . . . . . . .
Middling Fair.............................
® Q ® S'
8 2.
Great France. Other
Foreign
Britain.
•too
m i §§sf
® ® Si
£. < 5
3 *E
O H S H IP B O A R D , HOT C L E A R E D F O R —
March 0 at—
[VOL. L X II.
1©
-3
10
O
1$:
C -3
—
I I:
I I!
• Inoludeg sates in September, for September. I5,J'> ; Septem berOctober, for Ootober,
• : September-November, for Novem ber,
417.UOO; September-December, f c December, 1,U97,200; Septem berJanuary, for January, 11,143,100.
We bave included in tbe above table, and shall continue each
week to give, tbe average price o f futures each day fo r each m outh. I t
will be foiiud under each day follow ing the abbreviation “ A v 'g e.” T he
average for each month fo r the week is also given at bottom o f table.
For exchanges see page 167.
T he V isible Su pply of Cotton to-night, as made up by cable
51,600
237,200 and telegraph is as follows. The Continental stocks, as well as
194,600 those for Great Britain and the afloat are this week’s returns
162,100 and consequently all the European figures are brought down
219,300
207,900 to Thursday evening. But to make the totals the complete
figures for to-night (Mch. 6 ), we add the item of exports from
1,072,700 the United States, including in it the exports of Friday only;
465
THE CHRONICLE.
M a r c h 7 , 1886.J
1898.
1895.
1894.
1893.
Stook at Liverpool.......bales. 1,148.000 1.860,000 1.800,000 1.669,000
Stock at L o n d o n ..................
5.000
7,000
/,000
o.OOO
Total Great Britain stock. 1,133,000 1,807,000 1,807,000 1,665,000
Stock at Hamburg..................
'20,000
30,000
24.000
13,o00
Stock at Bremen ® . : : . . :........ 27H.QOO 347,000 217,000 18|,000
Stock at Amsterdam..............
9,000
20,000
lO.WIO
l 1,000
’
Stock at Rotterdam...............
200
200
200
200
Stock at Antwerp...................
16,000
11,000
20,000
i,000
Stock at B a r r e ....................... 309,000 529,000 470,000 121,000
Stock at Mar-utllo*_________
7,000
5,000
7,000
10,000
Stock at Barcelona .............
77,000
87,01X1
71,000
9S.000
Stock at Genoa........................
71.000
30,000
17.000
16,000
Stock at Trieste.......................
23.000
14,000
Is,000
11,000
Total Continental stocks.. 816,2001.073.200 860.200 761,700
Total European stocks---- 1,969,200 2,940,200 2,607.200 2,446.700
India eotton afloat lor Europe
150,000 75,000 160,000
60,000
Amer.eotton afloat for Europe
355,000 352,000 3*20,000 '-*-0,000
E«ypt.Braz!l.Ac.,aflt,forE'po
35,000
31,000
52.000
40.000
Stock !n United State* porta.
SOl.wlft 949,993 837,0,6 910,93Stock lu 0 . 3 ,interior towns..
384,283 333,300 3*22,111 419,033
United States exports to-day.
11,1:17 14,356
16,004
-5,*-r6
Total visible supply..........3,70*5.521 4,754.9094.374,991 1,1 43.006
V
urt descriptions
re as toil'P* •
*
Q u o t a t i o n s f o r M id d l i n g C o t t o n a t O t h e r M a r k e t s . —
Below are closing quotations of middling cotton at Southern
and other principal cotton markets for each day o f the week.
CLOSING QtJ ITATtOSS FOR MtDOLISQ COTTON OX—
ITeel* sliding
March 6.
Satur.
G a lv eston . .
New Orleans
?9 *
4
Savannah...
Charleston..
77,*
7>2
7>e
7%
Mobile........
WilmingtonN orfolk .......
B oston .........
B altim ore. .
Philadelphia
Augusta.......
Memphis___
St. L ouis—
H ou ston ___
P"
Cincinnati. .,
L ouisville...
S h*
7=8
7 ‘a
2*ie
7 “ is
7\
7H
Mon.
7<>,„
7%
7%
7%
7*3
7*s
7*s
71*’18
7T
s
7 *16
7*1
74a
7h>
7 k,
7A
,
7%
Taes.
Thurs.
Wednes.
73s
T5iS
7*18
7*1
7*2
77, a
71H-,
7 7»
7»»is
71-3
7%
7ia
75
s
7AJ
F ri.
7%
7%
73,6
73,6
71l
7%
7=8
7%
7U
7L6
75,6
7*0
7%
71118
7%
73,
7L,
7f,a
71a
7H
7 ^
IX,
7V
7%
7%
7%
7*8
7=s
7%
7 k!
7H
7%
7*4
7hs
7%
7 W ia
739
7 i ,6
73,6
73,8
7^
7-%
7%
7&
16
71,6
The closing quotations to-day (Frida/) at other important
962,(XX) 1,713,000 1,5*23,000 1,409,009 Southern m trkets were as follows.
713,000 995,000 746,000 673,000
Mvmrpoofstoek.............bale*
Continental stock*..................
; Little R ock—
7
N ew berry......................
American afloat for Europe..
355,000 352,000 320.000 *2*26,090 A tla n ta ............
7
M ontgom ery...
7% R a leig h ..............
7%
United States stock. ............. 301.0*9
949,993 337,076 910,U«2 Columbus, Ga
7 U Scluia..................
7
United States Interior atook*.
3 3 1.268 889,960 322,111 418,033 Columbus. Miss ___,. j N ash ville..........
7i« ; N atchez............
7 ' w Shreveport........
6%
16.001
'“ £,230 Eataula............
United State* exports tod ay.
1 1 ,1 3 7 _11,856
Total Am ertcan...............3,232,3211,113,709 3:7«^.791 2.063^00
R e c e i p t s f r o m t h e P l a n t a t i o n s .— The following table
B u tt In d ia n , Braz'd, I t . —
Liverpool stock....................... 136,000
117,000 272,000 251,000
London stock...........................
8.000
7.000
7,000
5,000
Continental stock s................
93,200
73,200 111.200 103,700
Itulia afloat for Europe.......... 1)0,000
73,000 160,0<X)
80,000
Egypt. Jiruril, **„aH oat___
35,000
34,000
52,000
40,000
Total East India, A c........ 171.200 3»t.*S)o '605,200 139,700
Total American
........... 3,232.3214,113.701* 3,76 >.791 3,663,306
Total visible supply . . . . . . 3,700,324 4,754.955 4,374,991 4,1*8.006
Middling Upland, Liverpool,.
t V i.
3* * 4
l*t*d.
5 tuft.
M-. i
. : - * : ■ • • .-I, *..■.. i
-
7 a,,-.
5 1■
*! "H*
Egypt (loodBrown.Liverpool
8 *M .
*>*t d.
3%4Peruv. Rough Good, 1,1verpind
3%*.
3% i
8%»1Btoaab Fine, Uvcrpoot..........
4%4.
3*ed.
47j.d.
Tlnuevclly Good, tivnrpoal..
4 VI.
3>„d.
5 V i.
I W The im ports in to C on tin en ta l ports ih i past w eek have
been 6$,000 hales.
T he a b o v e figures in d ica te a decrease in th e co tto n in night
to -n ig h t o f 1 ,0 * 8 ,3 0 bales ax com p a red w ith th e sam e date
o f 1895, a fa l'itig o ff o f 868,407 bales fr o m th e corresp on d in g
da te o f 189* anti a decrease o f 441,482 halos fr*»m 1893.
A t t h e I n t e r io r T o w n s th e m o v em en t—th a t is th e receipts
fo r th e w eek a nd sin ce .September 1. th e ship m en ts fo r the
w e e k and th e s to ck s to-n igh t, a nd th e sam e item s for the
corresp on d in g period o f 1891-93—f t set o u t in deta il b elow .
indicates the actual movement each week from the plantations.
The figures do not include overlaud receipts nor Southern
consumption: they are simply a statement of the weekly
movement fsom the plantation* of that part o f the crop which
finally reaches the market through the outports.
j
Receipts at the Port*. St'kat Interior To isms. I lfC 'p U from PlanVn*.
tr«k
B a r fin g —
1H05. j 1800.
am. isos. t m a . i m . am. waa. m
116,74**'IWJS35 i s i . m i l :<06,91 * 1893*91**.*78
7 .,,.. w cu a o i » . m « uA*a9'f6KMU7:466,i.v*>'4m.u3
“• n ..... 71,687 tS&Vtt 106,4 «« 374.703'U A *o! ISS.2J9
" 21..,.. Xi.xoi 0 1 ,* 7 lOO.SSS 96.1,871 420,2611 438,187
* SSL,... 87,»*>H 137.940 99.650.8*7,040 402,728 41O.0M)
*
Mch.. ft ... * 70.04! HOKT. 95.886 H24.IM GKH86.)
JmsL
F eb,
103,511 188,156
131.750!
s tu m
57.173 108.825*
m»,943 09,787]
51,077 120,390
45, l i t 106.9671
05,093
85,582
89,003
08.155
58.571
The above statement shows: 1.—That the total receipts
from the plantations since Sept. 1,1805, are 4,897,065 bales; in
1991 93 were 7,187,.350 bales; in 1893*94 were 5,552,721 bales.
2,-T h a t although the receipts at the outports the past week
were 85,286 bales, the actual movement from plantations was
only 58.571 bales, the balance being taken from the stocks at
the interior towns. Last year the receipts from the plantations
for the week were 103,867 bales and for 1891 they were
15,123 bales.
O v e r l a n d M o v e m e n t f o r t h e W e e k a n d s i n c e S e p t . 1 .—
We jive below a statement showing the overland movement
fo, ih t week and since September 1. As the returns reach us
by udegraph late Friday night it is Impossible to enter so
largely into detail as in our regular monthly report, but all
the 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, 6.
and since Sept. 1 in the last two years are as follows.
1894-95.
IS 95-90.
.*
.*•
*
«
r
$a ■
S S S = £ g s r s ilS 3 S {3 5 t 5 2 § S S 5 = S 5 ? £ § ^ !
v f
I
March C
SMl/iprdVI* 91. I-ouls ...............................
Via Cairo.................... ............
Via Parker C ity............ ...............
Via gfU M V ilR ............................
Via lam U viile...............................
Via f tnrmnati . . . .......................
Via oib er route*, A c ...................
Total KTOM overland...............
Deduct Mhipmenh—
Overland to N, Y „ Boston, A c ..
Between Intoilor tow n *.............
Inland, A c., from South..............
,
Shirr
n rek - | Sept l.
,
neck.
10,7 H-,
5,301
toA
435.073
201.435
13,553
19,441
8,855
1,100
3,010
5,200
1,940
110,110
73,055
75,33*2
2,h i
9,132
2,698
27,158
909,256
44,143 1,470,720
7,263
260
874
202,00*1
2,070
35,801
10,058
1,539
1,510
Since
Seri. 1.
754,107
285,009
25.545
2,954
140,758
137,117
124,276
378,930
23,442
54,434
8,403! *240,734 10,713 450,800
Total to be dedu cted.......... .
Leavins total net overland’ .. 13,785j 008.522 24,430 1.019,914
* Inoludtnir m ovem ent by rail to Canada
The foregoing shows that the week's net overland movement
this year has b e e n IS,75,3 bales, against 24,4 10 bales for the
week in 1893, and that for the season t o d a t e t h e aggregate net
o v e r la n d exhibits a falling off from a y e a r ago of 551,892 bales.
*
-*
-i
«-»
w
—
o c — « — —,
I - !jr ! 1
? n ;
i
I n Sight and Spinnert?
Takings.
Receipt* at port* to Mch. 6 ..........
Net overland to Mch 0 .......... .
Southern consum ption to Mch. 0..
1895-96.
ll’M/r.
Since
Sr,).L 1.
1894*95.
„
.
! Bines
Srjd. 1,
85.280 4,545,407 119,835 6,850,034
13,755 608,522 24,430 1,019,914
18,000 ,534,00u| 16,000 470,000
Total m ark eted ........................ 122,041 5,748,919 160,205 8,345,948
Interior stock* In e x c e e * .............. 20,715 851,608!* 13,808 331,525
fcjWigvM e figure* 'met** in «,oH» yew**,
t Tbl* year’ * figure* estimated.
. Last year’ s figure* are for Columbia, B. C,
The above totals show that the interior stock* have rfeereaseii
during the week 26,715 bales and are now 4,581 bales less
than at same period last year. The receipts at all the towns
have been 45,489 bales less thin same week last year and sinoe
Sept, 1 are t,8V»,7:2 biles le.n than for same time in 1894-93,
Came Into eight daring week.
Total tn sight Mch. 6..............
North’ n apinneratak'g* to Mch. 8.
95,320
0,099,587
46,096! 1,305,143
146,397
8,077,473
10,740 1.754,727
It will be seen by the above that there has come into sight
during the -week 95,326 bales, against 146,397 bales for the
same week o f 1895, and that the decrease in amount in sight
to-night as compared with last year is 2,577,888 bales,
466
THE CHRONICLE.
W e a t h e r R e p o r t s b y T e l e g r a p h . — Advices to us by tel
egraph this evening denote that rain ha9 been quite general
at the South during the week, but that as a rule the pre
cipitation has been light. Temperature has been favorable.
Farm work hai made good progress, except where rain has
interfered.
Galveston, Texas.—The weather during the greater portion
of the week has been rather unfavorable for farming interests
in some sections of the State, continued light rains having re
tarded work. But some ploughing and planting have been
done. There has been rain on three days of the week, the
rainfall being thirteen hundredths of an inch. Average ther
mometer 60, highest 69 and lowest 52. Mouth’d rainfall, one
inch and seventy hundredths.
Palestine, Texas.— W e have had rain on two days of the
week, to the extent of forty-six hundredths of an inch. The
thermometer has averaged 62, the highest bung 80 and the
lowest 44. During the month of February the rainfall
reached seven inches and five hundredths.
Huntsville, Texas.— There has been rain on two days dur
ing the past week, to the extent of ten hundredths of an inch.
The thermometer has averaged 62, ranging from 43 to 82.
February rainfall seven inches and seven hundredths.
Dallas, Texas.— Ground is now getting in better condition
for working. W e have had rain on two days of the past
week, to the extent of twelve hundredths of an inch. The
thermometer has ranged from 40 to 73, averaging 56; months’
rainfall three inches and seven-hundredths.
San Antonio, Texas.— All farmers are plowing. There
has been rain on two days of the week, the rainfall being ten
hundredths of an inch. Average thermometer 63, highest
84 and lowest 42. February rainfall two inches and thirtysix hundredths.
Luling, Texas — Rain has fallen on two days of the week,
to the extent of fifty-six hundredths of an inch. The ther
mometer has averaged 61, the highest being 80 and the lowest
42; February rainfall three inches and sixty-three hundredths.
Columbia, Texas.— It has rained on three days of the week,
the precipitation reaching thirteen hundredths of an inch.
The thermometer has averaged 62, ranging from 52 to 74
During the month of February the rainfall reached six inches
and sixty-four hundredths.
Cuero, Texas.— W e have had rain on two days during the
week, the precipitation reaching eight hundredths of an inch.
The thermometer has ranged from 44 to 81, averaging 62.
Month's rainfall seven inches and fifty-six hundredths.
Brenham, Texas.— It has rained on three days of the week,
th# rainfall reaching eleven hundredths of an inch. Average
thermometer 61, highest 79 and lowest 43. February precipi
tation four inches and fifty-one hundredths.
Belton, Texas.— There has been rain on two days of the
week, the precipitation being eight hundredths of an inch.
The thermometer has averaged 62, the highest being 80 and
the lowest 44. Month’s rainfall, five inches and eighty hun
dredths.
v
Fort Worth, Texas.— It has rained on three days of the
week, the rainfall reaching fourteen hundredths of an inch.
The thermometer has averaged 57, ranging from 40 to 74.
February rainfall, one inch and eighty hundredths.
Weatherford, Texas.— There has been rain on two days of
the past week, the rainfall reaching twelve hundredths of an
inch. The thermometer has ranged from 42 to 73, averaging
58. Month’s rainfall, two inches and eighty hundredths.
New Orleans, Louisiana.— W e have had rain on one day
during the week, to the extent of six hundredths of an inch.
Average thermometer 65.
Shreveport, Louisiana.— There has been rain on four days
during the week, to the extent of eighty-two hundredths of
an inch. The thermometer has a v era g e 59, the highest being
76 and the lowest44. Month’s rainfall four inches and seventysix hundredths.
Wilson. North Carolina.— Telegram not received.
Columbus, Mississippi.— It has rained on two days of the
week, the precipitation reaching forty-five hundredths of an
inCh' _ . The,|hernlometer has averaged 56, ranging from 40 to
70.
Month s rainfall, nine inches and forty-seven hun
averaged 46-8, ranging from 33-8 to 64’5. Month’s rainfall
three inches and nineteen hundredths, on eight days.
Nashville, Tennessee.— It has rained on three days of the
week, to the extent of ninety hundredths of an inch. Aver
age thermometer 44, highest 60 and lowest 31. February
rainfall three inches and sixty-five hundredths.
Mobile, Alabama.— Plan ing preparations are m iking good
progress and the indications are that there will bn a consider
able increase in cotton acreage. There has been rain on one
day of the week, the precipitation reaching sixteen hun
dredths of an inch. The thermometer has averaged 61, the
highest being 75 and the lowest 47. Month’s rainfall seven
inches and seventy hundredths.
Montgomery, Alabama.— Planters are progressing well with
crop preparations. W e have had rain on four days of the
week, the precipitation reaching twenty-eight hundredths of
an inch. The thermometer has averaged 48, ranging from 28
to 6 6
Month’s rainfall six inches and three hundredths.
Selma, Alabama.— W e have had rain on one day during
the week, the precipitation reaching twelve hundredths of an
i ch. The thermometer has ranged from 41 to 72, averaging
56.
Madison, Florida.—There has been rain on one day of the
week, the rainfall being forty hundredths of an inch. Average
thermometer 6 8 , highest 77 and lowest 56.
Columbus, Georgia.— W e have had no rain during the
week. The thermometer has averaged 53, the highest being
63 and the lowest 42.
Savannah, Georgia.—There has been rain on two days dur
ing the past week, to the extent of thirty-four hundredths of
an inch. The thermometer has averaged 60, ranging from 47
to 75. Month’s rainfall, two inches and ninety-nine hundredths.
Augusta, Georgia.— W e have had rain on one day of the
past week, to the extent of one inch and six hundredths.
The thermometer has ranged from 36 to 70, averaging 53.
February rainfall, six inches and seventy-seven hundredths.
Charleston, South Carolina.— Rain has fallen on two days
of the week, to the extent of eighty hundredths of an inch.
The thermometer has averaged 56, the highest being 72 and
the lowest 44. Rainfall for the month, four inches and four
hundredths.
Stateburg, South Carolina,— Farm work is progressing well.
It has rained on one day of the week, the precipitation reach
ing eighty hundredths of an inch. The thermometer has av
eraged 53'7, ranging from 38 to 69; February rainfall six
inches and fifty-nine hundredths.
Greenwood, South Carolina.— W e have had rain on two
days during the week, the precipitation reaching fifteen hun
dredths of an inch. The thermometer has ranged from 30 to
6 8 , averaging 50 ; month’s rainfall four inches and forty hun
dredths.
The following statement we have also received by telegraph,
showing the height of the rivers at the points named at
8 o’clock March 5, 1896, and March 7, 1895.
Mch. 5, ’96.
Meridian, Mississippi.— Preparation of lands has been d«
layed owing to the decline in cotton. Less fertilizers will b
uaed and leas cotton planted than expected. Rain has fallei
on two days of the week.
Little Hock, Arkansas.— There has been rain on two day
daring the week, the precipitation reaching one inch an
twelve hundredth*. The thermometer has averaged 48 th
highest being 6 6 and the lowest 34. February rainfall tw
inches and eighty nine hundredths.
Helena, Arkansas.— W et weather has hindered farming ot
orations. W e have bad rain on five days of the week, th
rainfall reaching one inch and seventy six hundredths, an
there are indications of more rain. The thermometer hs
ranged from 36 to 6 8 , averaging 49. Month’s raiafall fiv
inches and eighty-eight hundredths.
Memphis, Tennessee.— There has been rain on four days dui
w g the week, the precipitation being two inches and foe
hundredths, and ram is now falling. The thermometer hs
Mch. 7, ’95.
Feet.
11-5
8'8
4'6
14*6
24*4
Feet.
2*8
9-5
21-2
30
5-7
New O rleans.......
M em phis..............
Nashville.............. ........ A bove zero o f gauge.
Shreveport........... ........ A bove zero o f gauge.
V icksburg............ .........A bove zero o f gauge.
I n d i a C o t t o n M o v e m e n t F r o m a l l P o r t s .— T h e r e c e i p t s
a n d shipments of cotton at Bombay have b e e n as f o l l o w s f o r
t h e week a n d year, bringing the figures d o w n to March 5.
BO M B A Y R E C E IPTS AND SH IPM EN TS F O R F O U R Y E A R S .
Shipments this week.
Shipments since Sept. X.
Tear Great Conti
Great
Conti
Total. Britain nent.
Total.
Bril' n. nent.
’95-6 3,000 24.000 27.000
’94 or
20.000 26.000
’93-4 8*000 21,000 29,000
9,000 9,000
’ 92-3
Receipts.
This
Week.
Since
Sept. 1.
27.000
2,000
28.000
10,000
324.000 Sol.OOO^.OOO 1,103,000
107.000 109,000|32,000 470.000
280.000 308,000(70,000 818.000
259,000 269,000140,000 630,000
Shipments f o r the week.
Shipments since Sept. 1.
Great
Britain.
d red th *.
Letand. Mississippi.— Telegram not received.
Vicksburg, Mississippi.— W e have had rain on three days
the past week, the rainfall being sixty-four hun
d re d th s of an inch. Average thermometer 59, highest 80 and
[V ol . L X U .
OalouMst—
1895-96...
1894-95...
Madras—
1895-96...
1894-95...
All others—
1895-96. .
1894-95...
Total all—
1895-96...
1894-95...
Conti
nent.
Great
Britain.
Continent.
3,000
5,000
13,000
9,000
16,000
14,000
18,000
13,000
Total.
13,000
10,000
31,000
23,000
......
......
Total.
2,000
20,000
14,000
32,000
27,000
52,000
41,000
2,000
.........
........
2,000
2,000
.........
41,000
32,000
58,000
46,000
99,000
78,000
E X P O R T S TO E U R O P E F R O M A L L IN D IA .
1895-96.
1894-95.
1893-94.
Shipments
to all Europe
from —
This
week.
Since
Sept. 1.
This
week.
Since
Sept. 1.
This
week.
Since
Sept. 1.
B om b a y .........
^11 other ports
27,000
2,000
351,000
99,000
26,000
109,000
78,000
29,000
5,000
308.000
110.000
29,000
450,000
26,000
187,000
34,000
418,000
Total
A
l e x a n d r ia
R
e c e ip t s a n d
S h i p m e n t s . — Through arrange
ments we have made with Messrs. Davies, Benachi & Co., o f
.Liverpool and Alexandria, we now receive a weekly cable o f
THE CHRONICLE.
March 7 , 18»6,j
467
"the n o remeats of cotton at Alexandria, Egypt. The following mixing. From Messrs. Hsnry H. Crocker & Co.’s circular we
are the receipts an l ship neats for the p u t week and fo r the ascertain that the deliveries of jute butts and rej ssiious at
New York and B >ston since January 1 were 87,043 bales,
corresponding week o f the previous two years.
against o n ly -43,076 bate for the ssnu period last year. Im
A lexandria. Egypt,
porters and speculators at New York a ad Bistort on Febru
189 4-95.
1893-94.
1895-98.
n o r th 4.
ary 39 hdd 8,800 bales, against 2,000 bales at the correspond
1
Receipt* ftwrataraM ..
ing date in 1893; and the amount afloat for the United States
90.000
80,000
80,000
This week
reaches 169,497 bales, against 236,904 bales last year.
4.230,000
4 836.000
4,261,000
Since 3ept. 1
Overland Movement, &e., to March 1.—In our editorial
columns to-day will be found our regular statement o f
overland movement, receipts, exports, spinners’ takings, & c .,
7.000 274.000 3.000 219,000 12 ,-00 251.000
5.000 225,000 13,000:241,000 6,000 178.000 brought down to March 1.
This
Since
week. Sept. 1.
Exports (bale#)—
T o L iverpool . . . . . .
T o C ontinoatl......... .
Thu
Since • This
Since
week. Sept. 1, • week. S ept 1.
12,000 499,000 21,000,463,000 18,000 129,000
Total Europe
t Ot which !> \ m w m tto IS l> 9 S , 44,318 bates; in 1331-95, 29 ,911
bales; in 1393-94,10,339 bales.
This statement shows that the receipts for the week ending
March 4 were 99,C O can tars and the shipments to all Europe
O
10,000 bate.
Maschssteh Manser,—Oar report received by cable to night
from Manchester states that the market is quiet for yarns
and steady for shirtings. The demand for yarn is pjor.
We giye cne prices for to-day below and leave thus.- for
previous weeks of this and la#r y«ar for comp arum :
1890.
1393.
8'4 lbs. Shirt-\Oatfn
C olfn
32# Cop. ing$, com non' Mid. a n , rive ;8*4 lbs. Shirt- Mid.
yap. ’ inns, common
Twist.
to finest,
|Upids
T,e‘ *‘to ft,eat.
Wptds
Jn. 31
Feb. 7
“ 14
** 21
“ 23
Meh.0
d. s,
«7 T 1a 1
*7 J ,s 4
#7*1# 4
-<Tq 1
«f7<# 4
0>-s '<*7** 4
•L
6%
0*4
031*
6M
iL s.
5 ss«
4 «*»0
4 «U
3 < s«8
3 art
* fl
(L
8
7h
7
7
0to
7
d.
it
d.
I > -75%
*%
4 ;,*s 4%
4% # 5 %
th? 47, is:,'-.
t««»5 b
X " 4% 4 5 %
«.
|3
3
-3
d.
- it.
11 * 0 0
11 H U
10%.* ft 0
3 10<sISO 0
‘3 U
a st!
3 104**6 0
d.
f ‘»
3
31 jj
3
34,-
S ka Imlako O orros Movemknt.—W e have received tins
(Friday: evening by telegraph from the various ports tl
detail* of the Sea Island cotton movement for the week. Tl e
receipts for the week ending to-night (March o anil sin.
Sept. 1, 1895, the stocks tonight, and the same items for tt.i
corresponding period* of 1894-31, »r* a# follows.
1835-90.
Total..
1391-95.
645: 97.0301
Stock
•w
W*
c —a
mp»8
4 0 2 71,007
ia a : l o .a i o f
....
l.T s.r
J
J i
S avan n ah .........................
a fesriM to B .& c........... ..
Florid*, A c .......................
1
This , Alar* ■ Thu I Since
week. Sept, l.j week, j*»)K. t. 18*0
j
Receipt, to March 0,
12,421
3.A13
1895.
42213
293
9 i2
222! 73.130 15,773! 3,159
The exports for the week -riling this evening reach a total
o f 1,853 bales, of which (,11® bales were to Great Britain, 18
to Franco and — t > II ■ 11. an i the amount forwarded >
v
Northern mill* bar been 816 bate Below are the exports
fo r the week and since S sn irm W i in 189-1-96 and 1891-93.
Reports
from —
Wt€k &ndimg Mek 6. Since Sept. 1 , 1»95
Qremt
B H tm
fir cal Friar*
Total. B rifn
m a t.
Ac.
Horth'n Mill.
Sine*
Week m pLi
Skipping News .—The exports of cotton from the United
States the past week, as per latest mail returns, have reached
380,05 >bales. So far as the Southern ports are concerned these
are the same exports reported bv telegraph and published in
the C hronicle list Friday. With regard to New York we
include the manifests of all vessels cleared up to Thursday,
Total bales
N e w Y o u k —To Liverpool, per steam er B ovlc, 4,899 upland
ami U 0 Sea Island ................................................................... 5,039
T o H all, per stsam -r Colorado. 4,321. ............................... .
4,321
820
To L >pd >0, p er steam er Blohmond Hill, 810 ................. .
To Havre, per iteaiuera La Baurgoxne, 1.357___Chnnas
An.l-reon, 2 0 0 ........................................ — .............................. 1,587
T o Bremen, pet r t - o a e r - Latin. 250 ...W eiu iar, 3,335 . . . . . 3,835
T o IT imburg. p ir steamer Fttoeuleia. 837 ...........................
837
T o Antwerp, per steamer# Noordlami, 222 ...S t. Cutbbert,
I.l 8 ............................................................................................
1,400
To Genoa, per steam er Werim. 1.213.......................................... 1,213
S e w O a t x is e —T o Liverpool, per steamers Astronomer, 5,495
Tompleen. 8,768. ................................................................. 14,253
To Dunkirk, per steamer ChoUertoe. 4.113 .... .............
4,113
To Bremen, p «r steam er N'-uietby Hall, 8,009......... .......
3,009
To Eliunbur.-, per ate utter Ban t e l l,. 72 4.
_____
.
.
725
to CfopenhAgen, per steamers Nicolai II ,3 ,4 5 0 — RomoU,
605
...........................
................................................
4,145
To Bare-Ions, per steamer Mleuel M. PtalUr*. 1,940.............. 1,950
To Genoa, per stcAiu r- i lira. 1,480 ...M ig u el M. PiuiUos,
1,943 .. S.-Ottisa Priori-, 2 ,* 5 l .......... ..................................... 5.494
To N*pl
p- r - t - a na-r 9,-ottUll Piinoo, 1,800........................ 1,000
To Trievie. ver steamer Inita, 1,510 ................... ................... . 1,510
(iALVKSTOSt- T o llvor:-i>ol. p. r steamers Alicia, 4,523 ...B x ploree,9,342 .. Mar:a. 0 .2 8 2 ................................................ . 13,057
To Havre, p.-r *! •i!n. r M» :-na •,'»J9
. . . . ..................... . 2,098
To Bremen per sio unar# E .l««inore.8.S 00. ..N iagara,5 ,ta 0 11.950
I'o llam barx, per si-*m er V o lise , 9 10
....... .............. .
900
T ex as P r r r - T o IJverpOJl, per etcaiuvn Aileia. 1,983 ...E x -OR-r. 1.472 .
.. ..
.................................... 3,480
M oraue— o Liverpool, iw r stoa oer H unt-liffe ,'>,94 4 ....... ........ 5,944
T
n** . S I tilN 4W ft... V
S
U >
„ s . 4....IU (l ... ft,
1 15i
5 ITS
1,475
OH a a t n e r o s — p-> N v k -'p ln * . par b a r k 8 « n Pietro. 1,175
..
5,333
P o r t Ro y a l - To Liverpool, per ateamer G»i!itaoo, 5, <33
•viUCWffrosv—
To Llvurpooi, per steam tr Xaparioia. 4,9 -7......... 4,907
NtwrOLM— To U l«*v»w . per s'eam ar Patapssc, 7 0 > .....................
701
r « (I ill, pe» staam.-r Al.ltior--.ivh. 204*................. , ...................
2 >0
To R am burr, per steamers A lbin o, M ) » . . PcMttcM, 1,000 1,000
To RotterUaro, per steamer a-, r -m o. 2 0 1..................................
200
T o Antwerp, pem t-aM er P i«# .y .3 0 0 ....... ............. ...................
300
.VgwroRT » * w s—TO Liverpool, per steamer Kanawha, 1.142
1,143
ROSTOV-T • Lt rertMvx per ste-tmors A nxioican. 3,102 upiatnl
ami S05 Pen I .l m il ... Philadelphian. 1,570 uptantl anil
8,182
50 * flea Island
bscHeto. 2,7i»i . . s y lv a n u , H 1 5 ..........
RALTtwoHi'.-r-s ir -r p n il, per stesm er Boastoore, 231 upland
and 32'i 9« j t*U nd___ ..
4
............................ .......................
sao
To leiodon. p -r ♦ >-Ain«r M
100
...............................
100
........................... 2,762
To Bremen, i er *t •,-asr Munoben 2,782.
To Rntteplam, » r » ! - - « m - r ru<» teen. 501. .. .
... ... .....
501
Putt.iriKl.i’ H A I n Liverpool, per steam ,'-■ Psm.i m-i, 5 45 .......
U
515
Bax P rarcjsOO— T Japan, per « t - um-rsCity o f Rio do Janeiro,
o
1,900 ...G a e lic <idditlo mil, 1,313......................................... 3,118
T o ta l............................... ..................................................................130,058
B e lo w w e a i i t h e c t e r a n o * 3 t h is w e a k o f v esse ls c a r r y in g
c o t t o n f r o m U n it e d S ta te * p o r ts , b r in g in g o u r d a t a d o w n t o
“u 6
140 18.697 3,353 16.050
th e la t e s t d a te s.
1*110
I , i t 0 3.000
3.000
400
13
113 2,313
Q al VRSTO*-T o M *nchs«ter-F eb. T S -S tew n sr Rose Castls, .5,737...,
*13 2,355
March 5 —8rt!vmi-r Capcnor, 0.318.
T o t a l .. . . . 1,050
13 1.003 32,609 5,7110 38.404
T o Hamburg—Feb, 24 -Stoam sr Bona. 8 9 3 ___Haroh 4— Itejintir
650; 33,283
North Banos, 1,2 >0.
Total IBti &m 1*260
1*3 1,413 31,858 1.921136,082
To Narva—March 3 -Bark Storlcen. 1.933.
75 32.593
T exas G r r r - r .. M w oh rster-F eb . 29 -steam er R ow OaaUe. SOO....
A conaiderab’e portion of the Sea Island cotton shipped io
March 3-H team er Capsnor, 1,000.
foreign porta goes vis New York, and some small amount* via New O autiX # -T o Liverpool—Feb. 2 9 -S team er Historian, 11,800.
T o H Ainbttre—Feb, 29—Steamer Ardenmore. 2,22 1
.
Boston and Baltimore. Instead o f including this cotton for
To Narva Msreti l - Steamer Btatwart, 0,050.
the week in which it leaves the Southern outports, we follow
T o R ott-rdain- M -roh >- Steamer Phpattbt* 273.
To Oport >-M arch 2 —Bark Emetta, 308.
the same plan a» in our regular table o f including it when
actually exported from New York, &c. The details of the Bava Ws a B - r-» Bre n»<i Mnroh 3 —8 l«a i«er Turqaotau, 3,075.
To Hamburg— M»rcb 8—Steamer ntrqooisa, 140.
shipment* of Sea bland cotton for the week will be found
To G ittonnarv—March 3 -S te a m e r Hehrietta IT , 1,400.
noder the head ‘ Shipping News,” on a subsequent page.
To Xorkopi y - March 3 -B a r k AngtMU. 1,700
To M vkoptnx-M nrob 2— Bark Augusta 1,000.
Quotations March H at Savannah, for Florida*, common,
To W arburg-M arch 3—Steamer Henrietta II.. 1,000.
J8c.; medium fine, 11’ .c .: choice, 17c.
To Ou tfi»w»lct— March 2 -B « r k Ariel, 500.
Charleston, Carolina*, medium fine, 38c.; Hoc, 24 to 2oc.;
To Llsoon- Maroh t—Bark As Grid, 25 1
fully fine, 28c,.- extra fine. 30 tr 83c.
To G en-'*—March 5 -Steam er A bcrteidv, 3,090.
C b a e l b st o s —To Barcelona and G enoa-M a rch 4 -S team er K irk-tali,
Exch anukk.—The following exchanges have been made
*5,25A
during the week:
N o sv ji.K— To LIvfrpont March 8 —Summer Manhasset, 2,183.
To London—Ma-nh ' —Steamer Ih cr, 400.
12 p«l. to c x e b . 500 Mnh. for May.
7 2 pd. to exch. 100 Mob. for A n*.
To Ha Mburs -M arohS—
l
Steamer Gor-na ii.a, 700.
J ® * } - 5 « 8* eh - 500 M li. for Aov. ; 24 pd. to exch. 000 Mob. for A uk,
<
To Amtterrlam March 3—Steamer Aboil*. <00
■n* E2‘ I ? ***?• SSS S * e ' ! or i S D#- l 25 P'1- to exch. 200 Men. for 4U«. BnsT<JE —
Liverpool—Feb. 25—#teamsr Bothnia, 0S8 uplaud and
,2* P f.t o ex ch . 300 May for Jure. .I t oo. to exch. 200 Apr. for July.
352 Sea lilanrl.......March 2—Steamer Sagamore. 1,051,
-n v 2 » ,I l l ’l
l
,{or Mar
P'1- t o e « h . 3.400 May for A u g
To Hull -F ob. 25 -Steamer Galileo. 1,150,
91 H r f " e x c £- J2S ? ,-i‘ }"• A!>r
P‘I- b> e t c h , l o o Oot, for July!
BALTIMORE I o Liverpool—Feb. 27—Steamer Modvemore, 401 upland
•i* 2<‘ &
S’ 22?,
f',,r
" 9 ' Pd. to e x ch , 100 Oot fo r Aug.
and 400 s*u tstaud
. H
' 9 e I ch. ®OOMeh.
for
May.-2S pd. to exoli. 100Oot. f»r Ami.
To H a v r e -Fab. 2 7 -# t i» m e r Almr, S O n oU u da n d 13 8ea Island,
*10^0 ' . m i l
fiPr00 1 !- to cxoil 10 IDec. far Sept
“
To Antwerp—Feb 2tt-8t»am o Galvin 550.
-IS Et
,0T M* r P«- to exch. 300 .rune for Au*. PHILADELPHIA •„ Liverpool Fob 28 -S team er Belxeoland, 586.
21 E l
Wen. fo r July. Ot Pd. to exch. 400 D - for Oct
To Antwerp - F, !> 87—Steamer rillno!», ftc.
*<* P<*. to eiten. 100 Mci*. for Alts?,
B e lo w w o g iv e a ll n e w s r e c e iv e d to d a t e o f d isa ste r s to
df.'TK Bcrrs, Bagoiso , &c,—The market for jute bagging
nbs been extremely doll during the week under review-, but v essels c a r r y in g c o t t o n f r o m U n ite d S ta te s p o r t s , S ee.:
ruling quotation*are unchanged atSJgc. for l» f lbs.. 4 14b. for CAPEI.l a , sto u n -r (Br 1, af Mow Orloaus, loud Ieg for Liverpool. Fire
was < ISanyo rod „ a hoard stop p er Gtpella ou Maroh 1. which,
-lb s and 4-jc, for standird grades. Oar-load lots ot stannf.-er burning for oovaral f> u-a, was stiU m under oaur.roi. rno
dard brands are quoted at 3/fco. for 1 , Ibi .d 'J c , for 2 lbs.
steal,nor had a <J»rtc >of A 00a bale# of esttoo, B0 >ton# o f nil cake
and a lot of enn-Irl-r. The Manage 1 1canto auil vassal 1# ostland d-v:. for 2If lbs, f. o. b, at New York. Jute butts have
umtod at $13,000, fully covered by i HurAict- m (In rlm’i 00mukewi-i- beFn dull^at H*c. forj'piper quality and l }
for
penlrs.
8'vatm ’ h, Ac
O hart'fn.A c
Florid*. Ac
S ew York.,
B o sto n . . . . .
S alt: m o re ..
::::::
11,048 2,300 14 ,011
2,921
04 2,985
050 29,301
1.374
3.008
THE CHRONICLE
468
hard spring was quoted at 5 ^ c . over May f. o. b. afloat and
No. 1 Northern at iiJa'c. over May f. o. b. afloat. To-day the
market declined under liquidating sales by tired “ longs." In
the spot market business was quiet, the only transaction
reported having been a small quantity of spring o i private
terms.
Cotton freights the past week have been as follows.
Mon.
8atur.
Tues.
Wednes. Thuni.
Liverpool............d.
Ha
.. .. ..
.. .
..
..
2,5* a > 251
4
Dunkirk. ..........e
231
23'
Do ............... c
25t
261
H am burg............e
Do
............c.
Amsterdam .......e. 203251 2 0 325
Reval, v. Hamb d. « l . «
2312‘
Do v. H u ll...3.
....
B arcelona..........d.
301
301
G en oa .................d.
T rie s te ............... d.
B
*2
5A
2
19t
Antwerp............. d.
101
254
Ghent, v. Antw'p.rf
251
t Cents net p er 100 lbs.
hYi.
8, ,
251
O A IL V CLO SIN G CRICKS O P NO. 2 R E D W IN T E R W H E A T .
23*
231
—
....
251
2 ii
251
. ...
203251 2 0 3 2 5 ' 20® 25 19®22»
n ...
231 8
B3i 8
S113S
351
l , 64
l ‘ s«
»«.
....
—
291
301
act
301
52
%:
r,33
1913 %2 1 8 t« 3 . 1913 V i 18® 19*
251 ®% 25*® % 251 <$% 243251
23t
...
251
231
.
L iverpool.—By cable from Liverpool we have the following
tatement of the week’s sales, stocks, & c., at that port.
Feb. 21
Feb. 14
Feb. 2S
[ V o u LXII,
Mch. 6
March d elivery----- ....... e.
April d e liv e r y ___ ....... 0.
Hay delivery..........
June delivery...*... ....... 0.
July d eliv e ry ... . . . . .........c.
Sat.
7534
75%
Jfon.
75*u
75%
73%
7338
73%
73%
73%
Tues.
To
75
73%
72%
72%
Thurs
75%
75%
73%
73%
73
Wed.
75%
75%
73 %
72%
72%
PH.
74H
71%
72%
72%
72%
(‘ Indian corn futures have been without new features of
•
special interest. The speculative dealings have been very
limited and prices have made fractional losses in sympathy
with the weaker tendency to the wheat market. In the spot
market business has been restricted owing to small offerings,
due to scarcity of supplies, and prices have advanced, The
sales yesterday included No. 2 mixed for delivery early in
June at \ % c . over May f . o. b. afloat, steamer yellow at
38c. in elevator and No'. 2 yellow at 38%c. in elevator. To
day the market was quiet and without important changes.
The spot market was Arm and decidedly higher. The sales
included steamer mixed, steamer yellow and steamer white
at 40@ 40^ c in elevator and No. 3 yellow at 4 0 ^ c .in elevator.
D A IL Y CLO SIN G P R IC E S O P NO. 2 M IX E D CO RN .
Bales o f the w eek........... Dales
Of w hich exporters took . .
O f which speculators took ..
2,000
43.000
Bales A m erican..........................
M,000
A ctual e x p o rt...........................
66.000
Forwarded............................ ...
Tot al stoo k—Estimated............ 1,156,000
Of which American—Edtlm'ri 9 6 3 . 0 0 0
1 3 0 .0 0 0
Total Import o f the w eek.......
I 1 1 7 ,0 0 0
Of whloh American ........
; 1 5 4 ,0 0 0 |
Amonnt afloat___ v ....... .
I 1 3 0 ,0 0 0 1
O f w hich Am erican..
4 .7 .0 0 0
1 ,7 0 0
62,000
6 ?,000
59.000
500
2,890
8001
400
600
200
54.000
57.000
51.000
6,000
7,000
7,000
69.000
60.000
63.000
1,1-4,000 1,150,000 1,149,000
931.000 960.000 962.000
74.000
3 :,000
95.000
66.000
23,000
8 4 .0 0 0
201.000 186.000 177.0 0
185,000 170,000 160.000
The tone of the Liverpool market for spots and futures each
day of the week ending March 6 and the daily closing prices
of spot cotton, have been as follows.
Spot.
Market, )
1:45 r . M. (
Saturday Monday.
Tuesday
Wed'day. Thursday. Friday
1 i payer*
favor.
Kalr
basins**
dotnv.
Firmer.
4l»M
10,000
500
1 0 ,0 0 0
Quiet.
m d .u p i’ds.
43g
Spec. A exp.
8,000
500
411*2
10,000
1,000
Very
steady.
Steady.
Fair
business
doiQK.
4®i3
4^4
10,000
500
10,000
500
Ready ai
1-64 decline.
Steady
8tsad’ . Quiet and Quiet and
steady.
steady.
Steady.
Sutures.
a
Barely
Market, i 8lead* at steady.at Steady2.64
partially
1 64 <»
1:45 t . m . ( 1-64 dec. l-6i dec.
decline.
Market, )
4 P. M. J
Easier.
4»3:
600
Steady.
Mon.
37
36%
37%
Sat
37
36%
37%
March d e liv e r y ___
July uetivery..........
Tues.
36%
36%
37%
Thurs.
___
36%
37
Wed.
363s
37
F r i.
37
36%
36%
Oats for future delivery have been extremely dull, specula
tion having been practically at a standstill and prices have
weakened slightly in sympathy with the declines recorded in
wheat and corn. In the spot market business has been fairly
active, as shippers have continued buyers, and yesterday their
purcbaees were 140.000 bushels including No. 3 mixed ;at 38c.
f. o. b afloat and No. 2 white at 29>^c. f. o. b. afloat: other
business transacted yesDrday was No.2 mixed at 26c. in eleva
tor and No. 2 white at 2 7 ^ c . in elevator. To-day the market
was dull but steady. The spot market was quiet and un
changed.
D A IL Y CLOSIN G P R IC E S O P N O . 2 M IX E D O A T S.
Sal.
March delivery.............. o. 26
May delivery.................. 0 26
Mon.
25%
25%
Tues.
25%
25%
Wed. Thura.
25=8 25%
25% 25*8
FriV
25%
25%
Barley has been in limited demand at steady prices.
FLOU R.
F i r e . . . . . - - ...... # bbl. $2 0 0 3 2 35 [ Patent, w inter........... $3 7 5 3 $ 4 10
4120
Superfine...........- ........ 2 2 5 3 2 60 ! City mills e x t r a s .....
on
E xtra,N o. 2 . .............. 2 40® 2 80 R ye floor, superfine.. 2 5 0 3 2 90
Extra,N o. 1 . - - .........- 2 5 0 3 3 15 Buckwheat flo u r ..... 1 2 0 ® 1 2 5
C lea rs...................
2 7 5 3 3 50 Corn m eal—
W estern, &e.......... . 2 10 3 2 15
straights_____ . . . . . . 3 4 0 3 3 85
B randyw ine..........
2 20
Patent, spring. . . . . . 3 5 0 3 3 85
„
_
[W heat hour in saoks sells at prices below those fo r barrels.
G R A IN .
The prices of futures at Liverpool for each day are given
below. Prices are on the bans o f Uplands, Low Middling
i lause, unless otherwise scak
ed.
IdF* The prices are given in pence and 64th.
3 63-61 d., and 4 01 means 4 1-6 Id.
Feb. 29 to
March 6.
S a tu r.
12%| 1
H on.
1:45
4
T u es.
T hu s:
W ed.
3 63 means
Than.
P. M. P. M. P .M . P . M.
M oh.-April..
A pril-M ay..
May-June...
Ju ne-July..
Ju ly-A u g ...
Aug.-SepL..
8 ep t.-O ct...
Oet.-Nov ...
N ov.-D ee...
Dec.-Jan
Jan-.Feb .. .
1:451 4 1:45
p. m.' p . m. P. M.
P.
d. 1 d.
d.
4 15 4 16 4 13
4 1414 15 4 13
i 1314 15 4 12
4 13;4 15 4 12
4 12 4 14 4 11
4 12 4 14 i4 11
4 10(4 12 4 09
4 03 4 05 4 02
4 00i4 01 3 62
3 63 4 00 3 61
4 00 4 00 3 61
d.
d.
4 09 4 09
1 OS 4 09
4 08 4 08
4 07 4 OS
4 07 4 OS
4 06 4 08
4 04 4 05
3 61 3 63
3 57 3 53
3 57 3 53
3 57 3 58
d. \ d.
d.
4.11 4 08 4 08
4 ll| 4 08|4 07
410|4 07 4 07
4 10,4 0714 07
4 10 4 06 4 06
4 09 4 0 6 4 06
4 07 4 0 4 4 04
4 01 3 61 3 01
3 61 3 57 3 57
3 GO 3 57 3 56
3 60 3 57 3 56
F r l.
d.
4 11
4 10
4 10
4 10
4 09
109
4 07
4 00
3 59
3 59
3 59
d.
t 11
4 10
4 10
4 10
4 09
4 09
4 07
4 00
3 60
3 60
3 60
4 1:45 4 1:45
M. P . M. P. M P . M.
.
d.
4 0S
4 07
4 07
4 06
4 06
4 05
4 03
3 61
3 57
3 56
3 56
Wheat—
o.
Spring, per b u sh .. 70 3
Red winter No. 2 .. 81 »
Red w inter............ 73 ®
W hite................................ ®
Oats—Mixed, per bn. 23% ©
W hite....... ............... 25 3
No. 2 m ixed .......... 26 3
No. 2 w hite............ 27% »
o.
79
83%
82
....
27%
30
27
28%
4
P .M .
d.
4 09
4 09
4 03
4 07
4 07
4 06
4 04
3 61
3 58
3 57
3 57
B R E A D S T U F F S .
F r i d a y , March 6 , 1896.
There has been only a very limited amount ot business
transacted in the market for wheat flour. Buyers have been
endeavoring to obiain supplies at concessions, but holders as
a rule have been Arm in their views and have refused to
trade excepting at full market values. City mills have been
quiet but steady. Buckwheat flour has sold slowly and prices
have weakened slightly. Rye fl rnr has been quiet but stead
ily held. Corn meal has been quiet and without change. To
day the market for wheat flour was dull and unchanged.
Very little interest has been shown in the market for wheat
futures during the week under review. Trading has been
wholly professional in character and prices have made frac
tional declines, due to dull and easier advices from Europe
and a subsidence of the export demand, Crop prospects were
reported as favorable from the extreme Southwest, but from
the Central section conditions wero reported as decidedly un
favorable. In the spot market business has been quiet; still
a few small sales have been made to shippers and prices have
ruled fairly steady. Yesterday a small sale of spring was
made for export but the terms were kept private. No. 1
Corn, p er bush—
o.
West’ n m ixed ____— 40 3
No. 2 m ixed.......... 40 3
W estern y e llo w ..
40 3
Western W hite___ 4b 3
R yeWestern, per b ush.......... o
State and Jersey.............. 3
B arley—W estern_ 42
3
State 2-rowed....... . . . . 3
state 6-row ed___ _ ____ 3
c
42
41%.
42
42
—
....
48
.—
—
The movement of breadstuffs to market as indicated in the
statements below is furnished to us by the Statistician of the
New York Produce Exchange, We tirst give the receipts at
Western lake and river ports, arranged so as to presen' tl e
comparative m oveauut for the week ending Feb. £9, 1896,
and since August 1. for each of the last three years:
Receipts at—
Flour.
Wheat.
Corn.
Oats.
BarisV-
R yt.
Bblt.im bs Bush.rtO Ibn Bush.b* lh> Bush.32 IN Buth.iSlh Bo.66 lbs.
25,520
313.780 1,89 2.479 2,519.112
437.604
52.244
Chlcatco........
19,280
71,200
96,401
53.500
291,910
131,000
Milwaukee..
16,060
612,"86
4,605
D uluth........
18.167
51,142
3,7<1
29.000
1,507,780
211,850
Minneapolis.
991
6,31)
30,692
D etroit........
51.694
67.180
67,263
517
25.124
,,
11,550
16,269
Cleveland...
21835
111,472
St.. Louis......
663,455
1PS.G00
65.750
1,656
8,100
2 i,600
Peoria........
2,400
657,100
429,00)
90,500
21,130
Kansas City.
Tot..wk.’96.
Same \vk,’95.
Same wk,’l>4.
Since A uq. 1.
1895-96 ....
1894-95 .. ..
1893-94 ....
190,307
139.947
181,306
2,799,065
1,957.998
1,812.336
3.56 \S45
2,076.379
3,878,965
3 647,773
1.8^0,163
2.148,188
957,728
569,061
547,310
53,461
65,923
45,090
7.234,873 153,345,115 76,593,95S SP,878.731 30,035,371 2,722,377
7,810.137 114,393,747 52,018,993 56,660,974 27,776,928 1.825,370
7,918.690 118.848.90fi 105.124,424 76,081.503 24,408,482 2.538,603
The receipts of flour aud grain at one seaboard ports for tbe
week ended Feb. 29, 1896, follow:
Flour,
bbls.
1LO.7S0
Oorn
bush.
85,800
89.211
1,350
123.005
301,167
7,206
399,653
Oats,
bush.
320.400
112,537
66,787
58,401
39,983
New Orleans .. ..
Wheat,
hush.
17,575
25,209
67,792
8,735
14,572
19.252
4‘>,20 •
Total week. . .. . 2tH,3il
Week .............. ... 361.323
1895........
”
19 <,331
373.314
960,392
611,327
691,340
564,057
Receipts at—
New York.......... ...
Boston.................
Montreal............
Philadelphia ....
Baltimore............
73,125
2,004
5,672
33,600
2,198
52,650
4,642
36,555
117,199
IO4.UI0
182,105
D O
.IU
6,105
The total receipts at ports named in last table from Jan.
to Feb. 29 compare as follows for four years:
1
ef-
IS®3,
..b b ls .
,.bu£h,
..
...
.
**
“
“
M
t t o
1891.
3.933,101
'
2,51P,750
as
U..-I
8 « I6 ^ 1
5-7
1 ^2 1 1
I ,*507.345
33,111.330
T «»J grain. . . . . . .
0,000,31$
7,4 02,009
5.707.255
Portland..............
.... ..
Pniiaaolphla.......... «.-•.••
Baltimore..............
•
SS m a T *.:::: ::: . ''C :
:::
H UT
18l.au-■
* » .» •
20,87.1,220
23.013
73.47*
u
1,490
'i&m
¥um
»
1,960
33.733
102.502
13,318
7.001
32.503
“‘ 3.193
Ctt&ftU
313,15
The destination of these exports for the week and since
Sept, 1,1895, is as below. W e add the totals for the corres
ponding periods of last year for comparison:
• Jtm r.tr«*
W
fiffe 3inee^t. Week Sine*
Exports for
fw 29.
».
L 1895.
Fib. 20.
vtsekand1in 4 F 2
& eb, 9
frU h
B.
f)t«A
107.957 I M & S W 1.031.260
OalfSVim idom 170.860
LM .iU
O 'l
Oontlnavt .......
100*800
8<*C. Amerie-v. n ils
11. U
W
035
IUW
5i,UH
W « t ladies... .. suM d
W
3.600
1.740
B r it . .V. A. CO-'*.
27
.d 0
a,332
SM70 ■U % U S
Om m
m u&trim *.s«H
,.
T otal .... .... 3S9.457 6.762,511
W 7
627,287 23,150,373 3.072.163 50^3.935
T o t a l w e e k ............ 627,287 3.072.163
Same tim e W& .. .. 1.21«MKit
K tia h
l ISM -tt...... 313,190 6,751.75:1
l;21S ,#t
21,0-1,616
6*5,«U
8.878,42*
Tns visible supply of grain, comprising the stocks in granary
at ch * principal points of accumulation at lake and seaboard
ports, Feb. 29, 189b. was as follows:
tVAi-ji,
Com
.
mu
K,
m
hush.
bush.
bush.
In
«*—
»
2 w jm
ijm jm
u jm
H«*r f o r k . ... .
..... ...
mMA
149.000
Do
•8a*t**«
fiSOo?
S
S
»9.>«.
]_ D o
« M I ........
C U euo.
2.7 !.*».*»
aw.fi..
............. itjr u S ti
9
M g W a a M o ..........-
2 1* *
* .
to jaw
m jm
? “*
% M **m
£S&
L i2 1.000
1,57* > »
_ ...
mm
mjMr
Dot??#
&SS
Detroit..
m.Qoi
£ > n f io n t .. ,. ,. . ........
te
_ Do
AftM
ita...***
Cloenuoati...-..... .....
S w to a ..........
Tmmm...
M
onirm ...
i.
757,000
'rum
........
u,tm
mum
njm
.. 131,000
*21.000
P*lU4«!pbU..
wjm
M I m ««o0» * * » * * ,.,.,
e
m tm m m if .... x .M
mmo
M M iSi..........>>.«SSvM
IBM M
OnMl«l*,lpBl tttr.r. ------uQ.m
0..000
Pa ataal « b¥ttini
Total Fob. *9.tW.W.ovRW WSK9»
»o«*l Fob ti. Mea.AVU«/»'* njiwjm
Total Mar. 8. HF. .78,74W>«
Total M t. l«w
ar.
t
Total t v . t.IM tJ.vt1.vn ib.xn.<
x*>
THE
DRY
703,000
1896.
1895.
Week. Since Jim. 1.
Week. Since Jan, X.
S e w Y o r k to M a s . 2.
Great Britain______________
Other E u rop ean ................
C h in a ......................................
India.......................................
Arabia.....................................
..... ...
AH.**
2«s'«S>
m M
U W
M ii
a|S
ir.otw
Hjm
ts'iSK
85
71 :
30
622
280
6,188
654
3,828
2,114
3,215
489
1,592
10,056
656
West Indies......... .................
M exico..................... ..............
Central A m erica....................
South A m erica......................
Otner Countries....................
5,453
51
1.300
77 i
73
75
64
685
95
339
1,001
16,559
2,137
3,171
2,928
2,507
464
1,324
8,329
655
T otal..................................
China, v ia V a n co u v e r'...
8.657
4,785
39.414
7,317
7/732
250
29,694
1,250
T otal.................................
1.15^,505
SO,405
m m jn
n jm
1808
2,© ja .s u
the exports from the several seaboard ports for the week
ending Feb, 39, 1896, are shown in the annexed statement:
Pm
t*
Rye,
now
m a t
C om .
bu sh .
bush,
bush.
mpirtt/rarntru .
th
tru .
th
9Mb
ss% 01*502 13,318
Now Y o rk ........ .
* * ? .««
2,815
Boston.................. nt.Mi 5t.SU U,|i|
M
469
THE CHRONICLE.
M arch 7, 1898,]
13,442
46,731
1,982
30,944
235
;
;
j
52,
482 :
61
335
441
22
- Prom New England mtll points threat.
The value of the New York exports for the year bae
been $1,796,486 in 1896 against $1,361,653 in 1895.
The demand from converters and jobbers for brown sheet
ings and drills has been indifferent on the whole, with occa
sional fair transactions recorded. The export busiaess has
been good, particularly in heavy drills, and leading makes are
mostly sold somewhat ahead and steady; prices otherwise are
decidedly irregular but hardly lower than a week ago. Sales
of bleached cottons have been limited to small quantities, and
outside of protected lines prices are irregular. The demand
for wide sheetings has been quiet on basis o f recently reduced
prices. Denims are still slow, and with heavy aggregate stocks
in first hands prices are weak. Other coarse colored cottons
slow of sale and in favor of buyers. Cotton flannels in mod
erate request for next season: c itton blankets dull. Kid-flnished cambrics and other cotton linings inactive and easy.
Prints have been in more general request for limited quanti
ties; prices of fancy calicoes easy ou side of standard mikes.
Fine printed white goods and other fine specialties in fair de
mand. Ginghams are in slack request throughout and dress
styles weak in price. Print cloths quoted at Fall River at
2 Ve. for extras but no business done. Smill qu tntities can
bo nought in outside markets at 2 ;g'c.
1893.
1895.
!<M4.
Uck, 4 ,
M a.
ch.
Won. 3.
Stack o f P rint O lo lh iy * ? 'h .
None,
At ProvM noee, 64 square*. 213,000
193.000
lo i.ooo
At Fail River, 64 sq u a res.„ 527,009
37.000
319.000
5,000
None.
90.000
71,000
131,000
S 0 U F iU i R iver, odd size*.
.9 O
to. 000
rot»l»took{pieoe»l.... 1,161,000 214,00.1 583,000
5,000
*3.000
i,«wj
Forbion D sy G jods —k ‘\ irregular business in spring
Viodi goods reported, with a better demand for novelties in dreas
"is.ddo
g i
‘sV.ooo goods and silks and for specialty lines than for more staple
S O goods Fall Hoes are in moderate request in toncy dress
IO O
5
■ a,**
‘
WM
.C O
*«a,o»
“ V.ooi goods and silks. Men’a-wear fabrics dull and irregular. Lin
'« - •
■
ens, ribbons and laces quiet and unchanged.
"pm
Im portations and lV « r e h o u « tV liU 4r»w aU o f Drr flood *
b&itm
imjm
!,0i0
The importations and warehouse withdrawals of dry goods
........ at this port for the week ending Mar. 5, 1896, and since
1X
000
...
January 1, 1896, and for the corrasjionding periods o f last
tm ym i jb&tjm iM?$d
mmom
year are as follows:
is um
umm®
%y&,w
1*710*000
*W
J
GOODS
TRADE.
Me w Y o r k . F r i d a y . P. M ., March 8, 1888,
The course of the market during the pist we-tfc has dis
closed little in the way of eoc iuragem-nt «o far a- the horn <
demand has gone ia either the cotton or woolen goods depart
ment*. In the former the orders have bee i slightly m >r* nu
merous, hut they have shown no sign o f the trade at large
adopting a more Hhrral policy. \ few fairly 1 rg- t n n « tions have been ret: .rded, at v,-ry lo * prices,m staple goods,
but pressing requirement* only appear to he governing the
action of the great bulk of buyers. The export demand for
heavy brown goods has been » fuv »r*bw feat ir • ttrg- t h e
,
of leading export grades of these having been nude for Ad
atic markets. Th- general ton" continue* exceedingly dull
and prices easy. As noted last week there has been a volun
tary curtailment of production by « m t leading colored cot
ton goods mills and this week a large qutntity of machinery
has been rendered rile in both cotton and woolen goods millfrom dam ig. done hv fl K)d4 in New England. S-rikw in thclothing trade in Chicago, Cincinnati and elsewhere have
caui.-d a curtailment o f already indifferent demand for
men *-wear woolen and worsted fabrics.
W ooden* G oods.—Ther- has b s i a limited attendance of
buyers of men s-wear fahrU-e in the market this week and
orders through the mails have been light, the demand Jbeiog
checked by the strikes referred to above. The general situa
tion continues unsatisfactory. Buyers show no spirit in their
operations and are coafiaing tneir purchases to little more
than sample quantities in bo:ls staple lin>s and fancies.
Fnees are without material change, but irregular in m-dium
grades of cheviots, cassimeres and fancies. Phere is very lit
tle passing in satibets or cotton mixed goods. O v e r c o a tin g s
are slow of sale and easy to buy. Cloakings improving in
sales of fall lines. Dress goods quiet in spring styles and in
moderate request for fa ll: price* generally Steady. Flannels
and blankets unchanged.
Domestic Cotton' Hoods—-The expirta o f cotton goods
from this pjrt for the week ending March 2 were 8,637
packages, valued at £371,0-18. their destination being to the
points specified in the tables below ;
THE CHRONICLE.
470
S tate
md
[VOL. LX II.
IN D E B TE D N E SS.
C ity
TERMS OF SUBSCRIPTION.
T h e I nvestors ’ S u p p l e m e n t will be furnished
without extra charge to every annual subscriber of the
C o m m e r c ia l a n d F in a n c ia l O iir o n ic l e .
Bonds Issued June 1,1880,7* interest, due 1900, bought by your firm..$100,000 00
Funding and bridge certificates, maturing in six annual instal
ments, for which payment is provided in the annual tax levies
above named............................. ....................................................... 133,240 16
Total bond and time Indebtedness . . . . i ........................................ $233,240 46
IN CO M E F O R
YEAR 1 8 9 5 .
Licenses (personal and occupation)...................................................... $13,040 07
Tax roll for 1805 mow being collected)................................................ 106,898 40
$119,938 53
F LO A T IN G IN D EBTED N ESS.
T h e Sta t e a n d Cit y S u p p l e m e n t will also be fur
nished without extra charge to every subscriber of the
C h r o n ic l e .
T h e Str e e t R a il w a y S u p p l e m e n t will likewise
be furnished without extra charge to every subscriber
of the C h r o n ic l e .
Temporary loan certificates..................................................................
Outstanding warrants (not presented to Treasurer)..........................
$0,000 00
10,023 18
$16,023 18
Cash in Treasury..........................................-.................................. $18.000 00
There has been collected to date on tax roll....................................... $74,142 60
S. J BIGELOW.
j
(.Signed] Clerk Board of Public Works.
B o n d P r o p o s a ls a n d N e g o t i a t i o n s .—W e have re
T h e Q u o t a t io n S u p p l e m e n t , issued monthly, will ceived through the week the following notices of bonds
also be furnished without extra charge to every sub- recently negotiated and bonds offered and to be offered for
sale.
ecriber of the C h r o n ic l e .
TERM S for the C h r o n ic l e with the four Supple
ments above named are Ten ollars within the United
States and Twelve Dollars i i Europe, which in both
cases includes postage.
Terms of Advertising—, Ter inch space.)
O n e t im e .............................. $3 50|T lir
Months (13 tim es)..$25 00
One Month
(1 tim es).. 11 00 Six onths
(26 tim es).. 43 00
T w o Months
(8 tim es).. 18 00 I Twelve Months (52 times).. 58 00
(The abfive terms lo r one month and UDward are for standing cards.
Tampa. Flo.— More than five and a-half years ago the
began to revise its f o r m of presenting municipal
bond news and statistics regarding the indebtedness, valua
tion and general financial condition of the minor civil divi
sions of the United States. Since that time we have made
frequent and persistent efforts to obtain a financial report of
some sort from the city of Tampa, Fla., but without success.
The fir st satisfactory statement regarding Tampa which we
have ever seen has been received this week through the
courtesy of Messrs. W . N. Coler & Co. of New York, and w i
give below the facts of chief interest to investors.
W e are sorry to admit that Tampa is not the only place of
its size that has occasionally been negligent in responding to
our inquiries, but we have had many applications for a
Tampa statement, and we believe that this is the only
place on which we have absolutely exhausted our resources,
time and time again, without obtaining any result whatever.
Tampa is in Hillsborough County.
C
h r o n ic l e
LOANS-
When Due.
I
M
u n ic ip a l
Im
provbm ent—
7s.......... . $100,000....June, 1909 |6s,g.,j&j,$300,000g.. Jan. 1,1921
BONDED DEBT in Mavoli, 1896, was $400,000. “ Other indebt
edness is provided for by tax levy.”
ASSESSED VALUATION in 1895 was $5,090,000, real value being
estimated at $12,000,000.
POPULATION in 1890 according to the United States Census was
5,532; population in 1896 estimated at 24,000.
T A M P A , F L O R ID A , AN D ITS RESOURCES.
Statement Submitted by tlie Board o f Public Works o f the City i
Tampa.
Mestrs. IV. -V. Coler d C o N e w York.
OeuUrmfu—Responding to your request for a description and financial statf
went of our city, i beg to submit the following:
Tampa Is located at the mouth of the Hillsborough River, at the norrh end r
Tampa Bay, about :!:, miles from Gulf of Mexico. Port Tampa docks sitimte
nine miles below the city, on the bay, is our principal port,. Vessels drawing!
feet cin come to the docks iu safety. We have two lines of V m,
Teasels from New I ork monthly, also a line o f fruiters from Central Aiierta
These vessels come to the city docks. Our cigar and tobacco industrv hi
grown to be very large, tt e have now over ISO factories, whose weekly pa,
rolls, In the aggregate, amount to over *100,000. Our flakindnsirvislaiwl
during the season, September to May. shipments amount to over 4».oSG barrel
weeklj pay roll about Sb.oOo. We have a postal carrier service, three dail
newspapers seven public ami ten private schools. Two national and one Stat
hank: two budding and loan associations, both doing a large business W
b « e » amt ;r«tem of water works; capacity, l.ooii.ooo gallons daily
"
I Board of Trade, Incorporated under the State laws, has purchased a va
liable site on one or the main streets ami is now preparing plans for a hulk
lug tn cos about *115.000. We have located In our mldit the eefeb?ated “ Tamp
Bay Hotel which has cost furnished, about *2,000,000. This pronertv
exempted, by agreement with tho city, for a period of time from taxation e
cepting the payment of the nominal sum o f *200 yearly! This time has e
plred. arid it may herealtor ho assessed as other property
8 0:
' r r House receipt, wore for the year ending Iline 20, 1893.*398 235 1
Custom House incelpta for the year ending June SO 1894. .
.
407 min
Custom House receipts for the year ending .lime 30,1825 .. .
1 2 804 *
15
Custom House receipts from July to November, 18:>5
"" 311 hot )
ri.e present population Is variously estimated to he 25,imiit,(homin' ’
Our city assessment for oast years was as follows'
■
..
........................................ 1,110.113 |180*5, something over............ 6,000,0(
which may he assessed, a« other property. In the future
’ “ 1c
mT .x levte- for M i , 1803, 18* was ’l8 mills, IS.Iwas 17 mills, 1895 was :
x.T b e . f? !,owir K is ,he substance of a letter to Messrs IV J
,
.
Coler & Co., of Now York, from S. L. Bigelow. Clerk of tb
Boaid of Public Works, of Tampa, Fla., dated Jan. 18 1896J lm t^ 'to te
P
r'n,‘,rtT ,0f the «“ * ntlt* «tail value
Allegan, Mich.—B on d E lectio n . —A vote will soon be taken
on issuing $7,000 of water-works bonds.
Annapolis, Md.—B on d s P rop osed . —It is reported that this
city has petitioned the Legislature for authority to issue
$1,000,000 of electrical subway bonds; also that $1,800,000 of
bonds are proposed to fund the floating indebtedness.
Bellevue, Ohio— Bond E lectio n . — A vote will be taken April
6 on issuing bonds for the construction of a new reservoir.
Camden, N. J.— B on d O ffering. —H. C. Sharp, Chairman of
the Finance Committee, reports to the Chronicle that
$75,000 of public park bonds of Camden, for which no bids
weie received on February 24, will be re-advertised; the loan
to bear interest at the rate of 4 per cent instead of 3)£ per
cent, as previously offered. Bids will probably be received
until April 27. The securit es are dated January 1, 1896, in
terest is payable semi-annually on Januarv 1 and July 1, and
the principal will mature December 31, 1920.
Canton, Ohio— on d Sale— On Feb. 24, 1896, the city of
B
Canton sold $60,000 of 4)£ per cent bonds to Dietz, Denison &
Prior for $81,869 and accrued interest. The securities are
dated D jc. 25, 1895, interest is payable semi-annually on June
21 and Dec. 21, and $12,000 of the principal will mature in
five years, $12,000 in eight years, $12,000 in eleven years,
$12,000 in thirteen years and $12,000 in fifteen years.
Castleton Union Free School District No. 3, N. Y.— Bond
Sale. —A list of the bids which were received on February 27,
1896, for the purchase of $75,000 of 5 par cent school building
bonds, was given in the C h r o n i c l e last week, page 433. We
have since been informed that the securities wpre awarded to
D. A. Moran & Co., at 109'896. The bid of E. C. Stan wood &
Co., 111-819 did not comply in all respects with the conditions
of the sale and was ther-f ire rejected.
The securities will be dated May 1, 1896, interest will be
payable semi-annually on January 1 and July 1, and the prin
cipal will mature at the rate of $3,OOOyearly, payable January
1st of each year from the date of the bonds.
Chippewa County, Mich.— B on d O fferin g — Proposals wil
be received until March 26 at the office of William Webster,
County Clerk, for the purchase of $50,000 of road bonds.
These securities were previously offered for sale on Feb, 15, at
wh'ch time no satisfactory bids were received.
Colorado Springs, Col.— Bond O ffering— Proposals will be
received until March 16 by Charles E. Smith. City Clerk, for
the purchase of $170,000 of 5 per cent water-works bonds.
Columbus, Ohio.— B on d C all.— D. E. Williams, Clerk of
Trustees of the Sinking Fund, gives notice that 6 per cent
street improvement bonds of the City of Columbus to the
amount of $202,500 will be paid March 15, 1898, at which time
interest will cease. The next call will probably be Sept. 15,1396.
Dublin, (va.—B on d Sale. —The citv of Dublin, G i , has
sold $25,000 of 6 per cent 30-vear gold water-works bonds to
Messrs. R. B. Sperry & Co., Baltimore, Md.
F a ll River, Mass.— B on d S ale.— On March 3 four per
cent municipal boads to the amount of $103,000 were a warded
to Messrs. Blodget Merritt & Co. at 104-57.
The following is a complete list of the bids received for the
loan:
J. W. Longstreet A C o ___
N. W. Harris A C o ....... .
Edwd. H. W h itm a n ..........
G. H. Fernald & C o ..........
Geo. M. Hahn ....................
W. I. Quintard....................
E. M orrison.........................
Farson, Leach & C o.........
Es tabrook & C o..................
E. C. Stan w ood & C o _ .
_
A. L. Sweetser & Co..........
R. L Day A Co ............ .
Blodget, Merritt A Co.......
L. C. P h illip s......................
Lee. Higeinson A C o ........
Street, w ykes A C o..........
N. Y. 8ecuiity A Trust Co
Bid.
10409
104-07
.101-225
.103-75
.103-90
.103-79
.104-1144
. 104*27
.104-31
.104*21
.102-977
.104 289
104-57
.103-67
.103-88
.104-217
103-781+
The securities are dated March 1, 1896, interest will be pay
able semi-annually on March 1 and Sept. 1, and the principal
will mature March 1, 1906. The loau is secured by a sinking
fund.
THE CHRONICLE.
MAKCH 7, 1806. j
(iloversvitle, .V. X.—Band Offering—
Qa Marsh 10, at 3
p. st., improvement bonds of this city to the amount o f $7,850
will be offered for sale at public auction. The securities are
described as follows :
Loans—
W due. |44s, Feb., St,500....Feb. 1,1390
hen
44*.Feb., $2,000......Feb. 1 .1307 I 14s, Feb., MOO....Feb. 1, 1000
44s, Feb., 1,530......Feb. 1.1398 i 44s. Feb,, 1,400-..Feb. 1.1901
Harrison County, Ohio .—Bonds Authorized —This county
has been authorized by the Legislature to issue §15,000 of jail
bonds.
Hastings. Net>
.—Bond Meet ion.—The citizens of Hastings
will vote April 7 on issuing §15,000 of electric-light bonds
and §8,000 of water-works improvement bonds.
lasso Co.. Mich.—Bpnd Site—This county has sold §30,000
of 5 per cent court-home bond* to Messrs. -Spitz tr & Co. The
securities are to be dated M uch 18,1893, and will mature
March 16, 1911.
Jeannette, Fa .—Bowie Defeated —The citizens o f Jean
nette have voted against an issue of $83,000 of water works
bonds.
Lancaster, Vm
.—Bond Election. —The people of Lancaster
will vote on issuing $73,000 of budding bonds.
Lake Courtly. Ohio.—Bonds Authorized.—Bridge bonds of
this county to the amounc of §10,000 will be i-sued.
LarisMluwa*, Fa.—Bonds Authorized.—
On February 1$ the
people of Lansdowae Borough vutei largely in favor of tam
ing newer baud* for $23,000, The parti cuiars regarding the
tame and the date of tale have not yet been determined upon.
Long Island City, N. V.—Bond Ctll.—City Treasurer
Lueien Knapp invites holder* of Lang Island City revenue
bonds maturing within a few years to communicate with him
if th-y are desirous of having their securities redeemed at
once by the city. The city’s sinking fund holds about §300,000, which is applicable for this purpose.
Lynn. Ma**,~Bond Sale —It is reported that this city has
sold $100,000 of 4 per cent 25-year refunding water txrnds
dated January l, 1*96, to E. C. Star,wood & Co, at 106 68.
Eleven bids were received.
NEW
LOANS.
OF
Manchester, N. 3.—Loan Authorized —This municipality
has been authorized to issue a loan of $100,000 for improve
ment purposes.
Miles Citv, Monf. —
Bond Sale—On February 31, 1898, this
city sold $17,000 of 6 par cent water and elecerio-lig'at bonds
to Aaron Her-hfield, of Miles City, for §17,025 and accrued
interest. The securities are dated January I, 1898, interest
h payable semi-annually, and the principal will mature Janu
ary 1, 1916, with an option of call at any lima after January
1, 1906.
M illvile Borough School District, Pa.— Bond Sale.—
Eleven bid* were received on February 27, 1896. ny A. Ribfc,
England, Pittsburg, Pa,, for the purchase of §9,030 o f 4 910
per cent bonds. The securities were awarded co the Mercantile Trust Co., of Pittsbu-g. for §9,113 4). Interest will ba
payable semi annually on March 1 and September 1, and the
principal will mature at, therateof §1,000 Yearly, commencing
Marc a 1. 1901.
Montgomery, Ala .—Bowl Offering.—Proposals will ba re
ceived until April 6, 18$S, at 12 M. bvCity Treasurer R EL
Soiumerville for the purcbist of 8 17,590 o f 3 per cent paving
bonds. One-twentieth o f th? principal and the interest will
be payable annually in from one to twenty years at tha Amer
ican Exchange National Bank o f New York and caupjns wilt
be receivable for licenses and taxes due the city of Mont
gomery.
The official advertisement of this howl sate will be found’
elsewhere in this Department.
ML Airy, N. C.—Bonds Authorized.—Town Secretary W .
E. Merritt reports to th» Chrosicls that the questi m of issu
ing §25,000 of town hands was voted on and carried by a large
majority. The bond* are not to be s >11 for less th in p ir and
win bear interest not to exceed 6 per cent payable sjmi-annuaily.
Mount Pleasant, Pa .—Bonds Authorized—Paving bonds
of this town to the amount of §13,000 have b-en voted.
BOSTON
R E G IS T E R E D 4s.
N E W LOANS.
N E W LO A N S .
$ 3 7 ,5 0 0
$ 2 0 0 ,0 0 0
CITY
$ 5 0 ,0 0 0
North Side Electrip Street
Railroad Company
M O N T G O M E R Y , ALA,,
(CHICAGO).
C I T Y OF
20-Year 5% Paving Bonds.
DATED JAS. 1, 1890. DUE JAM. 1, 1»1«. Seeled hid, *4Bbennatved until AletI«,\m 12M
n.
Denomination, SI,O O
O ,"or unr multiple tot the puehewe of Iinn y Seven ThewMh* Vive
Hereof.
R a s M tM ivsC K y ,.f SttwUpjiaerr. *l»ben!».-w
yeer t per cent oonde, denomlnetlon fire Hundred
teeters mob. one-terotieth ot the hnnclrei end ti e
Them Bends ere pnrtirotarty deslreble for Trustee* lnt,.tr*t peyeWe etmnelly. The Interest end onee
end private Investors, es the prlncipel oen be rr*t*- twentieth th* pytacfnel Is embraced In the Cuopooe
kerw in seme ot bolder. The tstewrt. t. pnyoble peynbte enonnlly et the American Kxehene* Xel l-.nel
l
Jenuerr end July 1st of rm jeer br cheek moiled Bank. Sew Torn. 8*14 Coupons et end efter metnrh
to rextetered holder by City Treesarcr.
rtty re-eireh'e tor Ulcer.-e. end Texes due the city
trfiin' tovehem for K*» Vork end ell See Etut- A eertlBed check for rtv* Hundred Dulters m
ent
ust
lend Serines tank*.
armonpony each bid The dly reserves the U to
ntil
reject any end ell bid*.
Price end p»rti,-«!»r* on appllcetlrtn.
II. O. S0MMEKVUXE.
Treasurer.
E. H. ROLL’NS & SONS,
5 3 S T A T E H T „ B 0 S T O X , .11 A x * .
GOVERNMENT
Bought and Sold.
M UNICIPAL
BONDS
FOR INVESTMENT.
N. W. H A R R I S & CO.,
BANKERS,
mii^toKUPHiA.
HKWYORH.
“ o, Hm»k«. Neb.. Refunding—
................. 7«
wheboygnn. Wl*,, ftewer .... ............ . U
s
Sher . «n. T e *« s , R e fa n d in *
................... Bs
Vlusewtlue. lawn,. Improvement__.....,,0»
Aurora, lit#.. Improvement..............
U
s
Olbsee City. 111... Water Work*......... B«
Hubbard, Ohio, Klrctrle U t k l................3s
Hnrvnrd. Yeb.. W ater Works
6s
FOR RA i,R BY
MASON, LEWIS * CO.,
*t H«»lr H,„
BO8T0S.
First Mort. Six Per Cent B^nds.
Principal n»»*l f»i©rc*t ga*M
***««© by III©
e<i
Nor»h Chicmb© strr<M Knltroad ( «.
Dared
v, J, l*W5. Du.* Nov, 1, 1915.
Inter***! »m **toli? * tty * imI Nov* mi her. m th©
%
©flic? © lb© IIHuoIh Tr"»t »v having©
1
Himli, ChlfMffl. trunlet- ©fib© marl gage*
Total anteun* «fI joikU ouia ninline,
Th# iioet of th# North fUeigo Bire«t Railway Oo
mlm about *t*\ For th©year U> after paying a
\ at
* .\
r©gsg*r ©Irttfead of Ihf m
G
dirldoud of 2jg'
(
U o&mpmi h**l a.cashsun*l» ■
fe#
reraam g
lr
Th« North tfiO Elecrtc St,. __ Co. I*, not as
©
Jiy. *.tf
auhmhm r-m . ItA
at th©China A North W
k*n«o
.
«n» By.
ami mm north t Elston Avonuo
• £©
ih
itjoubio track», through on©of th© most thickly pop. » o f th©
»)at©d nocttoL* of Chicago.
I*rico »O7Hatoj interest, net ting ' W
».
C. H. W H ITE & CO.,
IIA.NKC.K8.
7Z B R O A D W A Y , K E W Y O R K .
BONDS.
and
M U N I C I P A L BONDS
Chicago.
Btwro*.
15 » * I A STREET.
471
BASKKRH,
171 f.tt Snlle St..
CHICAfiO.
C A R T1C U 1.A KK w o n
A F t-L lt-A T IO M .
Terr© Ilaut©, In ------Ivnlnmn/oo, M eft,, Li eel i - f ; Igbt.
l.ouft it, OltU. iC tuiuitiiu
v
Klclinionil, Ind., Mm-I !uiprov* uient.... I
It 1 mo.' * . I *1.. « i*I« ii <IM - *
1
» t *i.,.
C
]
Toledo, Ohio, f*ir«t*i !m©r©vem©nt.......4h
» oletlo. Ohio- i*ir©rt Iwiproirriaeiit.*,..
B«n.l Hill. Ohio, \ Hh'r.................. .
\
A#!©*"!it* Oregon. Woler,'Oold)......—
| hrtrlevol*, lilrli , Itel»**.il©«.............
W'acft.fexiMN Hirer* luiproveinanf.....
Cor alert nit, Trxnw, ie w r r .... ............. .
OIfrliell, foil., I let I r*C l.fgltt..............
*
Dearborn I 'aunty* lud.. PutMlfng........
Mlufltoa, Ohio, Water W oiUh
...... .
run 8AM nr
Rudolph Kleybolte & Co.
KERBBR8 OV T H * J**W YORK AITD BODTOh
STOCK SXCHANOB8.
BAN KERS,
C IN C IN N A T I, O .
DKALKUa lit COMMBRC1AU PAP*B.
W . N , Coler & C o.,
Blake Brothers 6t Ccr,
B A .Y U E K N ,
• S STATE STREET, BOSTWH,
A
8 NASSAU ST., NEW YOUR,
M U N IC IP A L B O N D S .
34’NASSAU STREET.
THE CHRONICLE.
472
Rutland. X i.— Bonds Authorized.— The people of Rutland
voted on March 3 in favor of issuing $50 000 of bonds to take
up temporary loan warrants and $‘25,000 of bonds to build
Moon Brook sewer.
Mount Vrrnuti, N. V.— Bond Sale.—On March 8 , 1890, the
■Common Council ot Mount Vernon received the following
bid* for the purchase of $10,000 of 5 per cent tax relief bonds,
maturing March 1. 1899, and $30,000 of S percent assessment
bonds maturing March 1, 1902:
Assessment,
$311,000,
6j r ,
Wlianu A SchlesloRer............................................I?® '9 * .
,
W alter Stanton A C o............................................ 106*495
Street. Wyke* A C o............................................... .106 495
I>. A. Moran A C o ................................................... 106T98
Geo. M. Halm......................................................... 106*13
W. E. R. Smith........................................................106-06
Parson. Leach A Co................................................
W. I. Qulntard.........................................................105*55
Storrs A Smith.........................1 0 5 * 5 0
Benwell A E veritt...................... ..........................J95 ? ?
E. C. Jones Co........................................................ 103*26
[V o l . LX II.
SpringllfId. Ohio— Bonds Authorized. — Park bonds of
Springfield to the amount of $17,000 have been authorized.
Tax Relief,
$10,000.
3 yr.
101*41
102*945
102*94
103 17
102*85
102*64
Stark County. O h io -B o n d Offering^Refunding bonds of
this county to the amount of $95,000 will
offered for sale
at public auction at 12 o’clock, noon, March 14, 1890. The
securities will bear interest at the rate of 5 per cent, and
$5,000 of the principal will mature March 14. 1903, and
$10,000 yearly from Maich 14, 1904, to March 14, 1912.
102
102*29
102*10
102*80
100*35
Snisan City, Calif.— Bond Offering.— Proposals will be re
ceived until 7:30 o’clock p. M., March 24, 1896, by O.
B. Powers. Town Clerk, for (he purchase of $42,000 of 5 per
cent water-works bonds. The securities will be dated March
31, 1896, interest will be payable annually and the principal
will mature at the rate of $1,050 yearly from March 31, 1897,
to March 31, 1936. Principal and interest will bejpayable at
the Bank of California. San Francisco.
The securities will be dated March 1, 1898, and interest will
be payable semi-annually, both principal and interest of the
loanB to be payable at the office of the City Treasurer. The
award was made to Messrs. Whann & Schlessinger.
New York City.— Bonds Authorized.— It is reported that
Comptroller Fitch will soon advertise $4,000,000 of school
bonds for sale.
Taunton, Mass.— Bond Offering— Proposals will be received
until March 11, 1896, by Edward H . Templp, City Treasurer,
for the purchase of S15.500 of 4 per cent water bonds. The
securities will be dated July 1, 1895, interest will be payable
semi-annually, and the principal will ma'ure July 1, 1922,
both principal and interest to be payable at the Atlas National
Bank, Boston. The bonds will be registered or coupon, as
the purchaser may desire, and payment of principal will be
secured by sinking fund.
Union Springs, Ala —Bond Sale.— The city of Union
Springs, Ala., has sold $30,000 o f 6 per cent 30-year gold
water-works bonds to Messrs. R. B. Sperry & Co. of Balti
more, Md.
W est Berkeley, C alif.— Bond Election.— A vote will soon
be taken on issuing $40,000 of town bonds.
West Chicago, 111.— Bond, Offering.— Proposals will be re
ceived uotil 4 o’clock p. m . March 24, 1896, by the W est
Chicago Park Commissioners, for the purchase of $200,000 of
Newark, Ohio.— Bond Offering.— It is reportfd that this
township is offering for sale $180,000 of memorial building
bonds.
Ohio.—Bonds Authorized.— It is reported that refunding
bonds of Ohio to the amountof $500,000 have been authorized.
Oregon, Mo.— Bond E lection .—A t an election to be held in
April the citizens of Oregon will vote on issuing $25,000 of
water works bonds.
Peeksklll, N. Y — Bonds Defeated— Robert S. Allen, Vil
lage Treasurer, reports to the C h r o n i c l e that an election
held recently on issuit g $60,000of water-works improvement
bonds of Peekskill resulted in the defeat of the proposition.
Rearing Springs, Pa.— Bond Sale.— On March 1, 1896,
$3,000 of 5 per cent 10-30 year water bonds were sold to Mr.
Edward Hair, of Roaring Springs, at par.
"
N E W LOANS
N E W LOANS.
BONDS. WHANN & SCHLESINQER’
MUNICIPAL
MUNICIPAL
E. C. Stanwood & Co.,
BONDS.
ACCOUNTANTS.
F.
W ALL STREET,
NEW 1 O R K
MORTGAGE LOANS
TEXAS.
M H T * BENT UPON A P P L IC A T IO N
NO COMMISSIONS charged borrower or lender
until loans have proven good.
F R A N C IS S R I T I I & C O .
SAN A N T O N IO . T E X A S .
C. H. Van Buren & Co.,
BONDS.
B A N K E R S AND B R O K E R S ,
02
BRO AD W AY, N E W YORK.
A nd
Chtcngo.
115 D e a rb o rn H lreei.
N ew Y o rk ,
2 W n l! S treet.
IN V E S T M E N T B A N K E R S ,
'h a n g e Plaoe.
3 1 1 -3 1 3
AND
R A IL R O A D
BONDS
L. 8. Kosskiu' s.
w . B. R o ber ts
CORRESPONDENCE SOLICITED
B enwell & E veritt,
H clicrm erltorn B u lld in e .
6 W A L L ST ,
MUNICIPAL ISSUES IN TH E STATES OF
And a ll L oca l H ecurltlee B ou g h t and Hold.
NEW YORK BROOKLYN AND JER
SEY CITY BONDS A SPECIALTY.
W. E. R. S M IT H ,
1 6 B R O A Ii S T R E E T .
W ash ,
C o u n t y , C it y , S c h o o l B o n d s .
W a r r a n t * a n d L o a u is ,
N E T T IN G 3 TO 8 P E R C E N T.
S u p e r i o r Hi
rjthu 4 4<frot "vnK fffnn w v
M U N IC IP A L
Spokane,
S ta te ,
Street Railway Bondi, and other high grade in
eatmente
‘'OSTON, MASS..
C l .v .l a n d , O h io,
NEW Y O R K
EXPERT ACCOUNTANT,
BROADW AY, NEW
R o o m s 5 08-509 M a i t ,
REPORTS
N EW Y O R K & N EW JER SEY
________________ A SPECIALTY
WALSH
20
&
FLOYD
B ro a d Htreet,
STOCK
BROKERS
and
F OR
E
YORK.
B u il d in g .
xpress
IN V E S T O R S
ON R AILROAD PROJECTS AND PROPERTIES
Railroads Located on Economic Principles.
Plans, Specifications and Estimates Furnished.
CONSTRUCTION SUPERINTENDED.
J O H N M A R S T O Y , J r .,
C IV IL E N G IN E K K ,
ROOM 20*2, BULLITT BUILDING,
P H IL lD E L P H Ii.
Jos. O. Osgood,
M. Am. Soc. 0. E.
W. J. Hayes & Sons,
Dealers in MUNICIPAL BONDS,
L a te A u d ito r o f N. Y , L . F. *fc W . R R . C o.
Circular Letter, including list, o f selected Bonds,
Mailed Free.
ROBERTS BROS.,
BANKERS,
Wesley Farrington,
STO C K S , - JBONDS,
H ig h -G ra d e J v estm en t S ecu rities.
In
OOKKEW PONOENCE H O L IO IT K D .
O H IO .
Examinations and Reports Made fo
Bankers and Investors of Railroad, Coal
Mining, Oil and Electric Properties*
203
In terest 7 P e r C ent Net.
Farson, Leach & Co.,
E N G I N E F, R ,
REFERENCES SENT.
121 Devonshire Street,
BOSTON.
P ic a rd ,
CO LUM BU S,
BAN KERS,
2
J.
C O N S U L T I N G
Consul ting E n g in eer
Reports on Investment Properties for Bankers
and Investors.
Examinations in regard to physical condition and
character, earnings, management, needs, value,etc.
R a ilr o a d L o ca tio n and C on st.rueticn .
120 BROADWAY
WM„ F R A N K L I N
BOOKS
NEW YORK
HALL*
ACCOUNTANT AU D ITED
New forms designed fo r books o f ac
Settlement of Insolvent Estates.
Exchange Building, 53 State Street
Boston.
Fred. M. Smith,
70 SO O TH ST R E E T ,
AUBURN, N EW Y O R K .
Makes specialty o f Bank Stocks, Municipal and
Water Bonds aud furnishes Solicited Inform ation
THE
m a m 7, 1 8 « .}
CHRO NICLE,
5 per c e n t t o w n b o n d s .
I n te r e s t w i l l b e p a y a b le s e m i-a n n u
th e p r in c ip a l w ill m a t u r e J u ly 1, 1915, w it h a n
o p t io n o f c a ll a ft e r J u ly 1, 1900. P r in c ip a l a n d In te re st veil!
be p a r a b le at th e o ffic e o f th e W e s t C h ic a g o P a r k C o m m is
sion ers. T h e se b o n d s are p a r : o f a n a u th o r iz e d issu e o f
IS M ,000. T h e t o w n o f W e s t C h ic a g o is p a r t o f th e c i t y o f
Chicago and contains a population, according to local fig u r e s,
of 715,'.
Its assessed v a lu a tio n f o r 1895 w a s |'>1,S3S,255.
M e n o m in e e , M ic h .— J o h n W . W e lls , M a y o r .
ally a n d
T h is c i t y is in M e n o m in e e C o u n ty .
LO A N S—
B a n tu ; Bortne6s. .............. .....
MAS, $9,000 .
S e w k s Bo :
S T A T E AND C I T Y D E B T CHANGES,
m u n ic ip a l
o f our St a ib
d e b ts r e c e iv e d
and
Cit y
.M ar.1,1886-8
IN T E R E S T on the special assessment bonds is payable in New Y ork
and M enom inee; on all others at the Chemical National Bank, S .Y .
s in c e
S u p p i - eu k . t .
v
M ENOM INEE S C H O O L D IS T R IC T --T h is school district is c o
extensive with the c ity , and has a separate debt.
S o m e o f th e se r e p o r t s a r e w h o lly n e w a n d o t h e r s c o v e r ite m s
o f in fo r m a t io n a d d itio n a l t o t h o * g iv e n in t h e S u p p l e m e n t
When Due. Cash m trees. ,!,<«. l , *96. $18,000
LOANSSCHOOi. BOXDfr—
T ax valuation 1 8 9 5 .........*2,945,320
0-. Mur. 1, *930.000. .Mar. 1, 1X97 \ '-"-* m e a t -> actual value.
5
.'$3.000*ltteyearly. t< Mar. 1. 1002 T «U i debt Jan. 1,1 396 ....$7 5,00 0
*
6 -. Apr. 1.
Apr. 1. 1903 Population in 1894 w a s .. ..1 2,64 4
i$5,006 due yearly >to Apr. 1.1911 Population in 1890 was . ...1 0 ,6 3 0
a n d o f in te re st t o in v e s t o r s .
O g d e a fc b a r g , N\ Y .— D e n n is B . L a c e y , M a y o r .
When Dots.
Spe c ia l i
$s a 7a, M ar.,$3 2.15 0,.M a r .l,*96-8
City has do sinking fund.
Bonded debt Jan., 1S96.. $116,500
O , .11-1 S - o . -----JUi 1, L O
S
SO
32, J<$4,000 due yearly) to May 1. 1911 Tax valuation 1S95......... 2,945,320
G E S E R .ll. ! « P R " V E M I . 'r Assessment i> s5 actual value.
6s, M iN , $17,000.......May 1. 1896 T otal ti .
.. s ir ,-20
<91,000 due yearly, to M ar 1, 1912 Population in 1694 was.......12,644
6s, M iX . $10,00*1. -M ay 1. * 1 2 * 0 3 Population in 1890 was.......10,630
5s. A * 0 . $47,50 0____Apr- 1,. 1911 Population in 1495 fust.) ...1 3 ,0 0 0
W illow Springs Irrigation District, Neb — B o n d s A u th o r
of t h is d is tr ic t t o th e a m o u n t o f 129,800 h a v e
th e last p u b lic a t io n
T h e fig u r e s
o f in d e b te d n e ss, e t c ., g iv e n b e lo w h a v e b e e n ta k e n fr o m a
sp e c ia l rep o rt to th e C h r o n i c l e fr o m K. J . D o n a h u e . C ity
T rea su rer.
T h is c ity is in S t, L a w r e n c e C o u n t y .
LOANS—
W lm cth o . 3 L -. F * A . * 3 0 .0 0 0 ....... H 9 6 -1 9 W
H w a v t l B a s i c 1333—
f$2.0UO disc yearly « o A n*, 1.,
fe , AAO. m » M 0 ..1S9S-J903 |Total debt Jan 1, 1r 9 «,. ? W 5 ,‘:W
8
.$2,‘.*> >-tie r-a tiy - l M ,y 1.
i W ater del* t ji a e l a 4 « h ,.. Ifftt.iXK)
if, A x 1
....... M..,
/:
.
:
. . . . a x !«!,; ■
44, A&*.K
:rT**
fwrseasd.. STfcgSO
_
i$S,0(iO tlar yearly on Stay 1,i
i Tntat Talsaatea 1893_ .l.Pld.t).-*,
A t e . KLOOO.Kajr I , I904-5 (
S- Oae t mt Yalta-,
W.tTSS-tr<i*i> B ust’- 1 " ' S O - 1Total lav ijw-r $1.0005 ..... . .827-27
*% *, M&s, f3 h j6 0 0 . ., t <599-M W t ftopulM tih in I htio v * « ..... 11,962
dm- y .-x ti} o n M ay 3U> I P<*i>«iati«6 la i$ * o waa....... 10 :t; l
3$sa, MAN, 940.000___ 1OOO-10JS Pnpaialtoft 1394 d o ta l «# l». 1*1,721
*94,00*1 due yearly
May 3 0 >
T A X F R E E .—AH bond* are exem pt from city i u m ,
IN T E R E S T on lb': 930.000 w ater Joan dn«i from 180# to 1910, i*
payable at O g d easbu rg : o n all o t t e r lean#, at New York.
IN T E R E S T on the school bonds is payable in Menominee.
X o b e r ly ,
Wo. — W .
m v m r M m r m um m m
a
Am *
n r*
W o r ld * C r c a (c * t
B l V 1 5 1 ) w E I.I. a s i S M H M m s :
« o w n a o * . Mat* and Mookipai i n . ! .
«a * Best* o f Mmtimw» ffoiwyttlni.
**•**» aod
t Street Railway Oaa and
XJwetrV C m sm !* ,.
!-*r»e»re k w f .f IM fn M CUWWBSIee a « f o th e r
..........
' <
■
fl^ .o d . ar.,19 b e k . d ee w tted •„ m orm atanuon.
Itotdera o f B-n&t aad * * »* » ablrn have drtaohed
m WMnrt
dKittaw) 1 Vainr, „r have
»
•“ *»"'*'• *• »*«• M im & a a r f HntiadWd f* r s
to mM rnm <4 mtrmphm4
m
wlih «*- witt* **• ***** • € mWmI watch mennttom* ut
*
tibeta, m aH tm jmtm *, tm * m
rim tm
m
m r~
iadt«NMt m 4BrWB8l»»
I n io ilr r i*
CtMmtmie t*» mak* thus
iM n x s iB U
t » * W » reader eflatemewwmaml liter*ry Mud*
tt>, K>.:..v*fetfBl PMdeFWttl 9M 'ia
The
; i a l Tret* Oam-
tt&w p u fiei
w am citV m toA jaane o r
Foreign Periodical Literature.
M fte * .§i#s*w l&m Tm%.
>
fe,
L iv in if
A p t*
rood ti> Noen*b, FtimoUieend lB.pt™ Th. <wtit.
-n iw a w lv e S U M #* « f
....... ............
toeet reeels* o f » w u f c
Bkeleh** of uolsewt r.!i«erter».Tr«v*l, Evph,
m a n o r Or**.ict«e »»« orety (M w o f •*»
rensMMln * «(«■ «, Jfktth* « a m b *■
*
> ,!>
.• ®i
« p li«
lit
»' t .
HUb dard Oil Trust,
agner i’ alart* Car ( «.,
Aswrlran Hank .Vote Co.,
Michigan-Peninsular Car Co.,
Long (aland Traction,
Street Railway's A Traction s Stock*
of H
ftSs- . .
U T T E L L * C 0 „ P. 0 . Box SSOtl, Boston
RAILROAD
SECURITIES.
./t'»i Mary. tSDR.
ammol heen-Anxmailr By to* PabiUher, of the
CoMMSsmiti, A f i s t t r u t C ukoscicxm
O E M B ti'T tO J I,;
INCOM E,
P R IC K ft,
D IV ID E N D *,
EUR A SERIES o r YEARS.
SI 00
75
rO K K .
FINANCLAL
REVIEW.
A N 'N U A L-IW ).
Y ear B ook
^
or
FINANCIAL
INFORMATION,
liean -t 1» red H ath , - - T e C h r e n t r le 6 o W r lb e r « ,
CHRONICLE VOLUMES.
W l h i t A M II. JJATtA C O M P A X T .f
| «R K
VAULTS.
GENUINE
WELDE D CHROME STEEL AND IRON
FOB SACBy VAI'I.T*. Ac.
he Sawed, Cut or I ........J, atel positively
HorvlM-Prwaf.
CM H O T IE i f E B I i W O R K S ,
Kent A re.. Keep & Hooper 9ttL,
>•1* V a n fW , m the 1J.8. B R O O K L Y N , N. Y .
A . Strassburger,
* * 2 no
• - 1 3e
S T O C K S Ac B O N D S B R O K E R *
•nCTHKRV 1SYKSTMBXT FRCCIUTIBB.'
William B, Dana Comoanv,
P i n e S t ., C o r . P e a r l
S t„
Montgomery. Ala.
THE WALL STREET JOURNAL
P0BL18HERH,
tE V W O R K .
BANK
flitr
BmjsfMlasd F!,».t Bar* #wi S-plJ Pletieand Annies.
A
FOR SALE.
WILLIAM B. DANA COMPANY,
r a h P in e S tre e t,
JjTow H e a d if.
ContlnenU l Bank Bldg., 7 Saanau fit..
U V 4 P IN K H T
or
SECURE
'
fc V L jS S k i
H A N D -B O O K
f ,R ,. J
B B B K KBS,
NKW
M IS C E LLA N E O U S ,
» . ewMwted* ttanrtf m
t t i t n r pe>d$e of
t *■>. --■£!, ; in
mOMAmMmrOm oWate, exeatst* * tire* (M M H
U M ti,
law id was® Mild «M<b*r. y«t « sts* b
.......
Pr i c e In B e d L e a t h e r C o v e r* .
»»*> d « e « « t i t>« « « B i n fo
T * a a b a e rlb e re ot th e C h r o n ic le .
to * aJ ith e t h e <pu«»i,-,o* - r th e day,
X ttb e rrte tie e H M » 1 f f t) fro m # S <» 6 0 ,
ftm u t
•s
th e
A o b e e r l b e S e w frv tfS B * n d D » t»e * * * * r * e * U »
H . I. Judson & C o.,
*s4
hi
to
when due. I T a x valuation, personal. $270,365
LOAN SU t K M .b 'i B oxu s—
T otal valuation 1 8 9 5 .... 1,332,035
6*. P A A , $0,500..........Any. 1, 1903 1 T ax v a l«a tion i8 9 4 . . . . . 1,431 165
S a U K I to call a fter Aug. 1. 1993 Tax value is % of the actual value.
.'>». J « . $73,00 0........ July 1, 1905 i Tax rate (per $1.000.............$11-00
Floating d e b t...............
$7,720 Pwpuiation 1890 w as.............. 8,215
Total debt Jan. 1 , 1$06..
92,220 : Population 1 8 8 0 was. ...........6,070
Tax valuation, real.........1,061,670 I'
■• "II •!' i
'
i
...lu jn .iij
IN T E R E S T h payable I St. L oul»_at state B ank and Third
Nat, Bank,
Lilleirs Living Age
r a A R e t A i* A & m m .
The fo lb w iu g
M o b e riy is j i t R a n d o lp h C o u n t y .
f i t IC R U K t H C R U I R O M $ * TO N .
John C , Short & Sons,
c
P . C a r e , M a y or.
b e e n c o r r e c t e d to d a t e b y m e a n s o f a s p e c ia l r e p o r t
j C h r o h i c l e f r o m A . B . l i t t l e , C i-y C le r k .
M ISC ELLAN EO U S.
Financial.
T he fo llo w
in g sta te m e n t h a s b e e n c o r r e c t e d b y a s p e c ia l r e p o r t to t h e
C h r o n i c l e f r o m J a m e s H . W a lt o n , C it y C le r k .
is e d ;— B o n d s
been v o t e d .
W e s u b jo in re p o r ts a s t o
478
N ew Y o rk ,
give* reloeMe Information dully on ttockaand bond*
I* * rear
Dow. J i n n * Co., *4 Broad Street
THE CHRONICLE.
474
fV oL . L X II.
grttst (Companies.
Union Trust Company United States Trust Co.
OF N K W
YORK,
N os. 4 5 & 4 7
80 Broadway, New York.
i,, - - - - - - $ 1 , 0 0 0 ,0 0 0
K W P I i l 'S ,
. . . .
$ 4 , 0 0 0 , 5 0 7 ’ 11
Authorized t o not ns Executor. Administrator
Guard inn Receiver or TnisUn*. und Is
A LEGAL DEPOSITORY FOR MONV.\.
Aei s as Trustc * o f mortgages o f corporal'on*, uno
h
accents tho transfer agency and registry M^woexa.
Allows tntereet on deposit*. which may he mmle nt
anytim e, and withdrawn on dye days w l o M l J J
Interest for the whole time they remain with the
c a p it a
W A LL STREET.
C A P IT A L AND SU R PLU S,
ELEVEN M IL L IO N D O L L A R S .
This Company is a legal depository for moneys
paid into Court, and is authorized to act as guardian,
trustee or executor.
I N T E R E S T A L L O W E D ON D E P O S I T S
which may be made at anv time and withdrawn
after live days’ notice, and will be entitled to inter
est for the whole time they may remain with the
Company.
„
,
,
C
°K*«rUthe convenience o f depositors this company
Executors, Administrators, or Trustees o f Estates,
tlco open^ current accounts, subject, in aocordanro Religious and Benevolent Institutions, and individ
alth its rules to check at sight, and allows ntcrest uals. will Und this Company a convenient depository
•pon the resulting dally balances. 8uch checks pass for money.
tbrougb the Clearing House.
. r . , . , . . XT a v
Attend specially to the MAXAGEMEWl Vk JOHN A. STEW ART, President,
GEORGE BLISS, Vice-President.
RlfiAL ESTATE and to the collection and remitJAMES S. CLARK, 2d Vice-President.
lance o f rents.
HENRY L. THOKNELL. Secretary,
It makes ample provision m lta
» . tt
LOUIS G. HAMPTON, Assist. Sec’y.
NEW BURGLAR AND FIRE P R ° ° F VAULTS
fo rth o safe keeping of securities placed in its cus
TRUSTEES.
tody, on which it collects and remits income.
Samuel Sloan, W . B’y’ d Cutting, Frank Lyman,
TR U STE ES’
D. Willis James, Chas. S. Smith,
Geo. F. Viet.or,
John A. Stewart, W . Rockefeller, W . Wald. Astor,
II. ----- RennslT
Wm. Wbltewright
—- Van--y- v. , Kennedy. J. H. Rhoades, Alex. E. Orr,
James Stillman,
n >r wiiaon
James H. Ogtlvle
Anson P. Stokes, W. H. Macy, Jr., John Claflin,
Wm! F Russell,
James T. Woodward,
John C. Brown. Wm. D. Sloane, John J. Phelps,
C. D. Wood
C. Vanderbilt.
Edward Cooper, G. H. Schwab.
Daniel Lord.
Wm. Alex. Duer,
G. G. Williams.
Joen S. Kennedy.
Charles H. Leland.
Arnusa J. Parker
Ed ward Klng,
8amuel f . Barger,
E R Wesley
Robert Goeiet,
d ‘ II. McAlliln,
.
W . Emlen Roosovelt,
Gcorse B. Cnrhart,
Chauncey M. Depew,
Augustus Lowell.
Augustus W . Kelley.
36 W A L L S T R E E T .
EXECUTIVE COMMITTEE
T he State T rust C o.
Wm. WhitewrtTht.
Wm. A Duer.
G. G. Williams,
Robert Goeiet,
E. B. Wesley,
C. D. W ood,
James T. Woodward,
W . Emlen Roosevelt.
EDW ARD KING, President,
CORNELIUS D. WOOD, i
JAMBS H. O G n.VIE.
> Vice Presidents.
A t GUSTU8 W. K E L L E Y .'
J. V. B TH A YE R . Secretary
E. K. MERRITT. Assistant Secretary.
a C. RAWLINGS, Trust Officer.
Maryland Trust Co ,
CORNER
SOUTn
AN D G E R M A N S T S .,
BALTIMORE.
C %P IT A L, 8 1 ,0 0 0 ,0 0 0 .
LEGAL DEPOSITORY FOR
TRUST FUNDS.
COURT AND
Acts as Financial Agent for States, Cities Towns,
Railroads and other Corporations. Transacts a gen
eral trust business. Lends money on approved secxirity. Allows interest on special deposits. Acts
as Trustee under Mortgages, Assignments and
Deeds o f Trust, as Agent tor the Transfer or Regis
tration o f Stocks and Bonds, and for the payment of
coupons. Interest and dividends.
J. WILLCOX BROWN, President.
LLOYD L. JACKSON, Vice-President.
J. BERNARD SCOTT, Secy. & Treas.
DIRECTORS:
Wm. A. Ma-burg, Frank Brown. Alexander Brown
II
.Bowdoln, l^opold Strouse, T. K. Worthington,
Basil B. Gordon "le n ry Walters. W. B. Brooks, Jr.,
Lloyd L. Jackson, H. A. Parr. Clayton C.Hall, J. ‘ W illcox Brown. B. N. Baker, Fred’k W. Wood. Fred. M.
Colston, Andrew I). Jones. W. H. Baldwin, Jr..
Joshua Levering, James Bond Douglas H. Gor
don, J. D Baker, aud John B. Garrett.
ST. L O U I S T R U S T CO.,
N. W . C o r . Fourth
and
L o c u s t S t s .,
S T . L O U IS , M O .
C a p it a l
and
S urplus
$3,000,000 00.
D IP K C T O R S i
John T. Davis,
Alvah Mansur,
Daniel Catlln,
L. M. Rnrasej,
Samuel W. Fordyce,
Jno. A. Scudder, *
Adolphus Busch,
Edward C. Simmons
Henry C. Haarstlck,
Edwin 0. Stannard,
Wm. L. Huse,
J. C. Van Blarcom,
Chaa. D. Me Lure,
Edwards Whitaker, ,
T i l 08. H. WEST, President,
JOHN D. F1LLEY, Secretary,
A. C. STEW ART, Counsel.
Daen a G e n e r a l T r u s t C o m p a n y B unlnen a.
Minneapolis Trust Co.,
3 31 an d 3 3 3 H e n n e p in A v e n u e .
C a p ita l,
w ith State A u d ito r ,
$ 5 0 0 ,0 0 0
1 0 0 ,0 0 0
no deposits; receives money on trust account
»nly. Burglar proof vault*. Wills kept safely with
out charge Acts as executor, trustee and guardian;
executes trusts o f every description.; ___
„
DIRECTORS
•-'©•tone! Hill. President; Wm. H. Dunwoody, First
vtce-Prealdert; M. F. Brown. Second Vice-Presi
dent; Daniel Bnr-nett, Third Vice-President; Clarkson
Lindley. Secretary and Treasurer: Isaac Atwater,
11 W. Cannon James J. II111. Anthony Kelly, A. F.
Kelley, W. o . Northup, XL C. Cooke, dairies A.
^iUsburr A. II. Unton. and P. B. Winston.
C a p ital a u d S u r p lu s,
$ 1 ,8 0 0 ,0 0 0
Acta as T ru stee, R e g is tr a r , T r a n s fe r aud
F isca l A gent o f C o r p o r a tio n s , and ns E x ec
u tor, A d m in is tr a to r, T r u s te e , G u a rd ia n
and C om m ittee o f E states.
T a k e s fu ll
c h a rg e o f R e a l and P erson a l E states. In
terest a llo w e d on D ep osits.
FRANCIS S. BANGS, President.
W. L. TRENHOLM, / Y ice_pre8i(leuts
WM. A. NASH,
i vlce 1 reBiaeutsJOHN Q. ADAMS, Secretary.
MAURICE S. DECKER. Treasurer.
TRUSTEES.
Willis S. Paine,
J. D. Probst,
Henry H. Cook.
H enry Steers,
Charles R. Flint,
George W . Quintard,
W. L. Trenholm,
Forrest H. Parker,
William B. Kendall, • Charles Scribner,
Walter S. Johnston, Charles L. Tiffany,
Joseph N. Hallock.
George W. White,
Percival Knauth,
John Q. Adams,
Eawin A. McAlpin,
Francis S. Bangs,
Andrew Mills.
Francis Lynde Stetson,
William A. Nash,
Thomas A. McIntyre.
Geo. Foster Peabody, Edward E. Poor.
OLD COLONY
TRUST COMPANY.
B O S T O N , M ASS.
C A P IT A L ,
S C B F U IS ,
.
.
.
$ 1 ,0 0 0 ,0 0 0
7 5 0 ,0 0 0
T r a n s a c t s a G e n e r a l R a n k i n g B u s in e s s .
ALLOW S INTEREST ON D A IL Y BALAN CES SUBJECT
TO CHECK.
TRUSTEE UN D ER MORTGAGES. T R A N 8F K R AG EN T
R E G IST R A R .
BOARD OF DIRECTORS.
T. Jefferson Coolidge, Jr., President.
Oliver Ames, 2d,
C. W . Amory,
Martin Brimmer,
T. Jefferson Coolidge,
Chas. E. Cotting,
George F. Fabyan
George P. Gardner,
Francis J.. Higginson,
Henry S. Howe,
W alter Hunnewell,
B. P. 'Cheney,
George v. L. Meyer,
Laurence Minot,
Richard Olney,
Henry R. Reed.
Nathaniel Thayer,
Stephen M. W eld,
Henry C. W cston.
T. J efferson Co o l id g f . J r,, President.
G eo . P. Ga r d n e r , G ordon A bb ott , Vice-Pres’t,
C. S. T uck ehm an . Vice-Preset and Treas.
E. A. P h ip pen , Secretary and Ass’ L Treas.
J oseph G. St e a r n s . Ass't Secretary.
AM ERICAN LOAN
—A N D -
TRUST
COMPANY,
B O S T O N , M ASS.
C A P IT A L ,
.
.
.
$ 1 ,0 0 0 ,0 0 0
SU RPLU S,
5 0 0 ,0 0 0
A legal depository o f moneys paid into Court and'
for Administrators, Executors, Guardians and
Trustees.
INTEREST ALLOW ED ON DEPOSITS.
Trustees under Mortgages, Transfer Agents and'
Registrars o f Stock.
BOARD OF DIRECTORS.
Chas. Francis Adams, 2d. Samuel Little,
Oakes A. Ames,
S. E. Peabody,
Edwin F. Atkins,
Francis Peabody
Isaac T. Burr,
A lbert A. Pope,
Samuel Carr,
N. W . Rice,
F. Gordon Dexter,
R. E. Robbins.
David P. Kimball
W . B. Thomas,
Henry D. Hyde,
S. ENDICOTT PEABODY, President.
N. W. JORDAN, Actuary.
E. A . COFFIN, Treasurer
CO N TIN EN TA L
TRUST COMPANY, New York Security &
Trust Company,
18 WALL STREET, N. Y.
C A P I T A L .................................. 8 5 0 0 ,0 0 0
S U R P L U S ................................ 3 0 0 .0 0 0
OTTO T. BANNARD..................................... President
W ILLIAM A LEX A N D ER SM IT H ...1st Vice Pres
GORDON M ACDON ALD...2d Yice-Pres’t and Sec’y
HENRY E. DABOLL................. Assistant Secretary
D esignated by th e S up rem e c o u r t as a
D e p o sita ry fo r C ou rt M on ey s.
In te re st a llo w e d on D ep osits.
E x ecu tes n il T ru sts.
TRUSTEES.
William Jay,
Otto T. Bannard,
Alfred M. Hoyt,
Robert W . DeForest,
James C. Parrish,
Giraud Foster,
Robert S. Holt,
Gordon Macdonald,
Henry M. Taber,
Gordon Norrie,
Oliver Harriman, Jr.,
A. Lanfear Norrie,
Wm. Alexander Smith,
William F. Cochran,
Robert Olyphant,
Walter Jennings,
John C. Havemeyer,
William A. Hazard,
W . Seward Webb,
Frank H. Platt.
Trenor L. Park,
GUARDIAN
SECURITY
Trust & Deposit Company,
BALTIMORE.
General Banking and Trust Business. Becomes
Trustee under Mortgages or Deeds o f Trust, Finan
cial or Transfer Agent fo r States, ( Itios or Corpora
tions, etc., etc. Pays Interest on Deposits.
EDW ARD STABLER, JiL, President.
WM. M. BYRN, Secretary and Treasurer.
DANIEL M'LLEU, JON. K. TAYLOR, Vice-P es’ts
Executive Comm it.ee: Wm. H. Bosley <
John S.
Gittings A Co.), Ch irman, George B. Baker, Henry
C. Matthews, John L. Blake. Francis A . W hite, Matt
C. Fenton, Lewis A Gusdorfl.
Metropolitan Trust Co.,
Of th e City o f New York.
37 und 3 9 W a ll S treet, N ew Y o r k .
P a id -u p c a p i t a l ................................ 8 1 . 0 0 0 , 0 0 0
S u r p lu * .................................................. 1 , 0 0 0 , 0 0 0
Designated ns a legal depositary by order o f
Supreme Court. Receive deposits o f money on in
terest, act as fiscal or transfer agent, or trustee for
corporations, and accept and execute any legal trusts
from persons or corporations, on as favorable terms
as other similar companies.
Thomas Hlllhouse, Pres. Fred’k D. Tappen, V.-Pres.
C. M. Jesup, 2d V.-Pres. Beverly Chew, Secretary.
George D. Coaney. Assistant Secretary.
46
W ALL
STREET,
NEW
YORK
C a p ita l, 8 1 ,6 0 0 ,0 0 0 I S u rp lu s, 8 1 ,0 0 0 ,0 0 0
CHARLES S. FAIRCH ILD, President.
WM. L. STRONG, 1st Yice-Pres.
JOHN L. LAMSON, 2d V lce-Pres
ABRAM M. H YA TT. Secretary.
ZE L A H VAN LOAN, Asst. Secretary.
Authorized to act as executor, trustee, administra
tor, guardian, agent and receiver.
Receives deposits subject to sight drafts, allowing
Interest. A legal depository for court and trust funda
A designated depository for the reserve o f State
banks. Accounts o f banks and tankers solicited.
TRUSTEES.
C. S. Fairchild.
Edward Uhl,
James A. Blair.
W. H. Appleton, M. C. D. Borden, J G. McCullough,
Wm. L. Strong, B. Aymar Sands, H. Hoagland,
W. F. Buckley,
Janies J. Hill,
J. W . Sterling,
8. G. Nelson,
E. N. Gibbs,
H. Walter W ebb
Wm. A. Booth,
John A. McCalL
F. R. Coudert,
James Stillman,
Mississippi Valley Trust
Company,
303 N. 4th Street, St. Lonis, Mo
C a p ita l and S u r p lu s ....................8 3 ,0 0 0 ,0 0 0
UNDER STATE SUPERVISION.
8 2 0 0 ,0 0 0 d ep osited w ith S ta te officer to
p rotect tru st lia b ilit ie s .
A GENERAL TRUST COMPANY BUSINESS,
Allows Interest on Deposits.
Authorized to act as Executor, Guardi? m Receive?
Trustee, &c. Manages Estates. Collects Rents.
Becomes Surety on all kinds o f Court Bonds,
lias Safety Deposit Vaults; A Savings Departmeu+
INVESTMENT SECURITIES A SPECIALTY
DIRECTORS.
Charles Clark,
Geo. H. Goddard,
ih o s .T Turner,
James Campbell,
Wm. F. Nolker J.T.Drummond.Aujmsl Gehner,
T. O’ Keillv. M.D., S. E. HoOraau, 0 ulius 8. Walsh,
Sam. M.Kcnnnrd, D. W . Caruth, Williamson Bacon,
Aug. B. Ewing, Thos. E. Tntt, Breclienr ge Jones!
Elmer B. Adams, David It, Francis.Henry Hitchcock .
OFFICERS,
J ulius S. Walsh , President.
DAVID R. F rancis , 1st Vice-President.
Breck inridge Jones , 2d Vice Pres’tj
De Fact Chandler , Secretary-
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