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Quotation Supplement(Monthly)
investors Supplement (Qatr )
urely
Street Railway^Supplement (quarter^
State and City Supplement (5® ^ ^
( Entered aaoordin? to A ot o f Congress, in tite year 1897, b y t i e W il l ia m B, D a n a C o m p a n y , in t i e office o f t i e L ibrarian o f C on g ress
V O L .
64.
S A T U R D A Y ,
M A Y
2 2 ,
1 8 9 7 .
Clearings a t —
PU B LISH E D W E E K L Y .
Terms of Subscription— Payable in Advance :
F or One Y ear........................ , .................... ............................... f 10 00
F or S ix M o n tis ...................................................... ...................
6 00
E uropean Sabseriptum (Including p o sta g e )...................... 12 00
E uropean S ubscription S is M o n tis (including posta ge).
7 00
A nnual Subscription in L ondon (including p osta g e)___ £ 2 10s.
S ix Moa.
do.
do.
do.
___ £ 1 10a.
T ie Investors ’ S u pplem ent w ill be furnished without extra charge
t s every annual su bscriber o f tha Co m m e r c ia l and F inancial
C h r o n ic le .
Tbe Sta t e an d C m ' S u p pl e m e n t w ill also b e furnished without
extra charge to every subscriber o f t i e C h ro nicle ,
T i e S tre et R a i l w a y S u pplem ent w ill likewise be furnished with
o u t extra, charge to every subscriber o f the C h r o n ic le .
T i e Q uotation S upplem en t , Issued moat,lily, w ill also be fa m ish ed
without extra charge to ev ery subscriber o f trie C h ro nicle .
F ile cov ers holding six m onths' issues or special file covers fo r Sup
plem ents are sold at 50 cents e a c h ; postage on t i e sam e is 18 cents.
New Yor&.. =......
Philadelphia....
Pittsburg..........
Baltimore., ........
B uffalo...,........
Washington......
Rochester..........
Syracuse............
Scranton.........
Wilmington.....
Binghamton....
Total Middle,.
Boston.
Providence.
Hartford... ....
New Haven, ..
Springfield......
Worcester......
Portland.........
Fall River......
Low ell..... ....
Terms of Advertising—(Per inch space).
New Bedford.,
O n e t im e ........................... $ 3
50 |Three M o n tis (13 tim es).,$25 00
Total New Eng...
O ne M onth
(4 tim es).- 11
00 Six Months
(28 “
43 00
T w o M onths
(8 « ) .. 18 0 0 1T w elve M onths (52 ** ).. 58 00 Chicago.......
(The ab ove term s fo r one m onth and upw ard are fo r standing cards.) Cincinnati.....,..,.
Detroit...........
Cleveland............
London Agents;
Milwaukee.........
Messrs. E d w a r d s & Sm ith , 1 Drapers’ Gardens, E. 0 ., w ill take sub Columbus. . . . . . . . .
scrip tion s and advertisem ents, and supply single copies o f the paper Indlauapolis ......
P eoria ................
at Is. each.
T oledo..............
Grand R ap id!,..,.
W I L L I A M It. D A N A C O M P A N Y , P u b l i s h e r s ,
Dayton....... .........
P in e S tr e e t, C o r n e r o f P e a r l S tre e t,
Lexington.........
Saginaw..............
P ost O f f ic e B o s 95S.
NEW YORK
Kalamazoo...........
Akron....... . .... ...
Bay C ity ...........
R ock ford ..........
Springfield, Ohio..
C L E A R IN G H O U S E R E T U R N S .
C a n t o n ............
The following table, made up by telegraph, etc., indicates
Tot. Mid. West’r.
that the total bank clearings of all the clearing houses
of the United States for the' week ending to-day, May 33,
have been $979,279,139, against 1991,430,388 last week and
8967,807,303 the corresponding week of last year.
New York:.............................
Boston
. . . . . . . . . .................
Philadelphia ...........
........
B altim ore................... ...........
Chicago . . . . . . . . . . . . . . . . . . . . . .
St. Lout3 ...... .
New Orleans. . . . . . . . . . . . . . . . .
Week Ending May 22.
1897.
1890,
Per uen .
San Francisco..
Sait Lake City......
Portland.....
Los Angeles.
T a com a ...,..
Seattle..
Spokane.,
Fargo..
Sioux Falls,
Total Pacific.
+1-0 Kansas City......
+8*7 Minneapolis.....
Omaha...... .....
10 5 St. P a u l....,......
-10*0 Denver..............
Davenport...,..,
— 7 St. Joseph .......
3
+-13*2 Des M oines......
-21*4 Sioux C ity .......
Lincoln,..... ....
Wichita...... .
-0*2 T op ek a ...........
8 even'Cities, 5 days .......
$001,383,803
$832,475,872
125,947,038
+ i - i Fremont......... .
124,578,929
Other cities, 5 days............. .
Hastings............
$817,331,441
+0 03
$817,054,801
Total all cities, 5 (lays ...
Tot. other West.
159,752,404
161,947,098
+1-4
A il cities, 1 d ay.. ...... ...........
St. Louis....,,
+0*3 New Orleans,.
Total all cities lor week
$979,279,139
$970,807,205
Louisville.....
The full details of clearings for the week covered by the Galveston....,
H ouston......
above statement will be given next Saturday. We cannot, Savannah....
of course, furnish them to-day, bank clearings being made Richmond....
Memphis......
up by the various clearing houses at noon on Saturday, and Atlanta........
hence in the above the last twenty-four hours of the week Dallas.............
Nashville..
have to be in all cases estimated, as we go to press Friday night. Norfolk..........
W aco..........
W e present below our usual detailed figures for the pre Fort Worth.,,
vious week, covering the returns for the period ending with Augusta.......
Saturday noon, May 15, and the results for the corres Birmingham........
K n oxville...........
ponding week in 1896, 1895 and 1894 are also given. Con Little R ock.........
trasted with the preceding week, there is a decrease m the Jacksonville........
Chattanooga....... .
aggregate exchanges of about one-hundred and fifteen mil
Total Southern.,
$452,047,868
80,536,503
49,047,872
10,080,127
71,85 4,980
21,592,212
5,024,243
i
W eek ending M ay 15.
(& h x Q m tlz .
Clea rin g s .
IMurm by Telegraph*
N O . 1 ,6 6 5 .
1896.
1897.
£
542.384,158 562,941,539
61.412.613
55.999,0*0
14,073.923
15,769,057
14.431.613
18,573,281
3,032,676
4,928,618
2,152,663
1,965,642
1,604,004
1,567,393
1,047,673
1,219,315
732 114
933,875
655,242
6S6.9?S
315,300
8S6.20U
636,393,773 666,203,097
99,525.792 S9,018,78S
5,094.900
4.533.800
2,233,675
2,458,454
1 617,280
1,541,815
1,2b 1.734
1,387,377
1,452,192
1,491,238
1.366,207
1,331.475
1,018.913
749,3-1
098,387
685,894
444,619
107,592 ^
113,970,56§ " 104,371.310
88,531,571
12,861,400
5.469,145
6.158.494
4 458.841
3.486.800
2.292,459
1,307,000
1,669.876
653.243
648,252
325.056
244,898
297,80b
285,700
176,814
250,3; 6
148,110
107,943
129,663.2]
20,417,741
lion dollars, and at New York alone the loss is eighty-four
and three-quarter millions, In comparison with the week of
1896 the total for the whole country shows a decrease of 2-4
per cent. Compared with the week of 1395 the current
returns record a decline of 14'3 per cent, and the excess over
1894 is 13'7 per cent. Outside of New York the loss from
1896 is 0'9 per cent. The decrease from 1895 reaches 3'3 per
cent, and making comparison with 1894 the excess is seen to
be 10'0 per cent.
Total all.............
Outside N. York.
+9*2
-8 8
+3*8
—126
-3*3
—16*4
—
4*0
+14 0
—31*2
+17*4
+2 6
—3'3
809,447
lilt
14,043,394
1,605,1/01
907.271
1,270,003
512,093
587,910
404,196
228,842
82,783
19.001,603'
*H*2
19,109,474 *
10,822,493
0.852.285
3.245,267
4.629,818
2,888,001
+2*9
9,530.682
5,348,663
4,948.209
3 571,478
2 852,542
1,285.000
1,399,307
542,129
273,189
418,033
351,038
67,580
56,841
32,801,457
1,270.529
3,128.903
051,085
418,814
25.128,534
7,610,282
0,909,019
2,153,235
I,95'\510
1.525,957
2,140,316
2,184,504
1,145,708
1,091,451
900,440
1,045,332
1,027,704
698,499
450.000
444,747
297.257
328.8^8
tJMi
64 828
90,000
30.042,712
22,565,040
7,069.633
0,079.079
1,910,542
1,482.548
1.269.885
2,024,209
a,340,928
912,475
953,501
876,059
880,990
450,000
675,550
346,120
56.788,623
399,000
185,511
§0,321,025
1,160,714,860
465,539,091
874,019,087
409,043,185
200.000
'^980^769
932,430.388 3
450,040.232 454,258,557
11,725,259
M ontreal...........
0.824,689
Toronto. ............
1,264 004
Halifax. ...............
1,111,955
Wlnnipee...............
009,600
H am ilton..........
556.771
gt. .John*..............
21.-521.7 *
7
Total Canada—
* Not Included in totals.
736,895
+8*3
306.488
+2*2
379,337
+12*9
280,493
235,544
+9*4
228,173
109.629
—37 6
292,070
293,455
—3*3
227,140
195.447
-SO
178,752
145,094
+8 4___________ 171,531
212,704
____
-7*3 131,874,626 121.629,240
9,139,382
6,613, U
94
4,525,902
4,462,020
2.344.401
744,495
1,428.006
1,117,894
556,668
314.928
•173,800
283,074
57,950
54,428
32,058,222
$447,657,015
74,070,219
58,723,131
11,953,580
74,611,063
19,066,602
0,394,262
—3'7
—8*8
—10 8
—5*9
-20*2
—87
—2*3
+16*4
—21 9
-2 9
—62
1895.
1894.
*
895,175,769 46+9*75,902 1
73.586,941
59.284.2S0
14,115,028
13,280,374 ;
13,506,006
13.530.196 !
4.485.C27
3,932,025
2,171,090
1,579 545
1.570,5C1
+402,514
1,223,297
923,518
763.238
701.077
713,115
747,537
411,500
374,800
807,720.512 560.798,‘368
97,039 443
78,938,991
5,352.900
4,122,800
2,326,244
1,767,558
1,580.640
1,417,580
1,700 314
1,2-15 078
1.281,046
1.293,088
1,196,503
1.137,892
891,707
677,249
021,491
678.189
434,945
115,e95
112.420,168
91,694,070
91,310 2*8
84,893,952
13.550 350
12,955.950
6.363,650
5.633.336
5,713,441
4,797,008
5 316,943
4,075,812
3.100,100
3,750,300
1,323,682
1,189,052
1,987,562
1,977,421
12,709,411
0.483,605
1,369.993
1.026,594
598,069
-7 * 7
i?4
+8 3
+1*8
12.208,843
5,873,258
957,496
880,921
612,562
22 12*7*72
—2 7
IN 533."80
I
19.716.429
THE
974
C H R O N IC L E .
[V o l.
Lxrv.
tion and into many manufacturing districts where, be
cause of acts like this Cuban affair and this coal
Yesterday it was announced that tho Governor had affair, the wage-earner is compelled to bring him
Rumor
vetoed the Dudley Graduated Inheritance Tax bill. self down to a half a crust or less.
This is « bit of good news that will he the more wel says that the movement against the coal roads is a
come in that it comes in a week by no means abounding part of the bear speculation against the coal stocks.
in encouraging events. It will have a reassuring effect. Wo know nothing on that point. Rumor is not a safe
Wall Street affairs were for a time this week unfa guide to a correct judgment. The simple facts are
vorably affected by tho incidents connected with the that the stocks in question have declined materially
Greco-Turkish war and its attempted settlement, and since the inquiry was started, and those who were in
in a measure also by the publication of the official the secret and sold them short in anticipation of the
statement of the April foreign trade figures. We have effect of the movement could buy them in at the
writteu with reference to these matters on subsequent prices to which they have since dropped at a very
pages. They have not by any means been the more comfortable profit.
prominent sources of the unrest in industrial circles
We are glad to see that the managers of the compan
which has been a conspicuous feature all the week. ies are beginning to resist these constant efforts to harass
What has chiefly attracted attention and excited the and embarrass them, and are taking steps to protect
greater disquietude has been the discussions in the the interests committed to their care. Not one of
Senate at Washington with reference to tho Cuban the numerous “ trust” investigations which have of
situation and the final passage by that body on Thurs- late become so fashionable, whether judicial or legis
day of the resolution acknowledging the belligerency lative, have succeeded in unearthing a single unfavor
able fact, and not one of them has been prosecuted with
of the Cuban insurgents by a vote of 41 to 14.
The President’s message on Monday, asking for an the view to getting at the truth. We hope, therefore,
appropriation to furnish food, &c., for needy Ameri when the Presidents of the companies give their
cans in Cuba, the issue of which had been anticipated testimony, they will insist on having all the facts
and feared by many lest it might be disturbing, turned bearing upon the coal situation brought out,
out to be a very quieting document, just such a mes and not allow their opponents to close the
sage as would naturally emanate from a prudent oase after having asked a few questions skilfully
the public.
officer, the responsible head of the Government. framed to hoodwink and deceive
These Senatorial speeches, though, have, many of them, There is no industry to-day where the conditions are
been of a very different character. The most emo less satisfactory than in the coal trade. The miners
tional and intemperate have in the main though not who produce the coal are in a pitiable state ; the
wholly come from the opposition, and therefore the companies on the other hand are no better off, so that
irresponsible party, or from those unceasing mis neither interest in this great industry is getting de
chief-makers composing the silver faction, and have cent compensation out of it. Consider for a moment
had as their obvious purpose to irritate Spain and the condition of a few of these companies. The Le
involve the United States in a war with that high Valley was once a staunch investment property.
country. Situated as our currency, the Government For a period of about thirty-five years it paid regular
revenue and business affairs are, no course could be dividends on its share capital. What are its stock
more unwise or reckless; and as to the interests of holders getting to-day ? Nothing.
The Reading
Its
Cubans it would be by no means the better way to serve has been reorganized a number of times.
them. Fortunately it is not presumable that Presi security holders have just paid heavy assess
dent McKinley will sign the resolution, even if it ments. And what have they gained by the op
should pass the House. Why under these circum eration? Let the price of the securities in the
stances it received so large a vote is the greater wonder, market answer.
The Central of New Jersey has
for every Senator who is not given over to silver and who made two reductions in its dividend rate, and the
has any regard for our suffering country must feel that Stock Exchange price for its stock indicates the pres
such proceedings are in every way detrimental, delaying ent estimate of value put on the property. The Dela
business revival and destroying every hope of speedy ware & Hudson has likewise been obliged to cut its
recovery. It is foolish amid such goings on to talk dividend, and the Lackawanna is forced to draw upon
about signs of business improvement, as some are try past accumulations in order to maintain its old rate of
ing to do. There are no such signs and can be none distribution. And all this has occurred notwithstand
until our legislators in Washington stop playing the ing the utmost efforts at economy. These and other
fool and go to work earning their wages like the rest facts like them are what should be put in evidence.
of us, trying to build up instead of pull down.
We do not imagine that the course of the politicians
Of a similar distinctive influence is the Coal Trust will be changed thereby, but the effect may be to en
inquiry started by an Albany official. To bo sure that lighten the public, and it is on enlightened public
must be a fearfully oppressive trust, if a trust it is, sentiment that the companies must rely in the end for
that results in mining coal, bringing it to market, and fair treatment.
A very striking indication of the business situation
selling it at tide water at an average of about $3 38 a
ton, in doing which the miner, the railroad and the has been the arrangement entered into this week for
merchant are growing poorer daily. IIow the cause the voluntary liquidation of the Third National Bank
of tin' wu/i'-iMnoT in be helped or political capital of New York and the passing over to the National
can in any way be made in stirring up such an indus City Bank of all its business and accounts, the City
try and trying to embarrass it more than it is already National agreeing to pay the Third National’s deposi
embarrassed passes our comprehension. A wiser course tors in full. The noteworthy fact is that one of our
might be for Congress, since it has undertaken to large Clearing House institutions reporting a million
attend to the suffering Americans in Cuba, to carry dollars capital and twenty per cent surplus, with also a
some of its bounty into the_Pennsylvania mining sec very considerable clientage gathered during a long
T ilt:
f in a n c ia l
s it u a t io n
.
May 22, 1897.]
THE
C H R O N IC L E .
97 5
business career, finds it more profitable to go out of busi
Money on call, representing bankers’ balances, has
ness than to continue in business; this, too, is in the loaned this week at 1J and at 1J per cent at the
face of what the Populists delight to call the exclusive Stock Exchange, averaging I f, and the supply has
rights and valuable privileges of national banks. Mr. been abundant. Banks and trust companies loan at
Hepburn, the excellent President of the Third Na the current rates, the agreement between the banks to
tional, explains this apparent anomaly in a vqry simple maintain 2 per cent for their loans having been an
way. He tells us that the same conditions and prin nulled by the action of the majority of these institu
ciples which apply to general business apply with tions in accepting whatever rates they could obtain on
equal force to the business of banking; that as all the Stock Exchange. Money at Chicago and at other
branches of trade throughout the country have been Western centres is reported as plentiful, and it is loan
much depressed for several years, and people have ing at Chicago about on a par with the New Yorh'ratei
been compelled to exercise the most rigid economy, There is also ease at Boston, and the New Y ork
and to adopt and practice all available means of re banks report a large movement of currency to
trenchment, so it is with banks and banking business. ward this centre from the interior during the
Notwithstanding the Third National held on the day week. Time contracts are freely offered at 2 per cent
of this transfer over $12,000,000 deposits, Mr. Hep for thirty to sixty days, 2 f per cent for ninety days to
burn and his stockholders are confident that their four months, 3 per cent for five to six months, and 3 f
best interests are served by effecting this consolida per cent for seven to eight months on good mixed Stock
tion. All that means just what so many merchants Exchange collateral. It was reported on Thursday
and manufacturers are saying to-day, that this is the that a down-town bank had loaned $600,000 for nine
worst year of the series— they are making no money months at 3 per cent, But the character of the collat
eral was not stated. Banks and brokers report a
but losing money rapidly.
Current returns of railroad earnings are growing dearth of commercial paper, but at the same time the
better in some instances, but are as yet far from en demand is good, and if a supply could be obtained a
couraging. We give our compilations of gross and large business would be done. Quotations are 3 f@ 3 f
net for March on another page to-day, and they show per cent for sixty to ninety day endorsed bills receiv
a small gain in the aggregate in the gross and a able ; 3 f@ 4 f per cent for first class, and 4 f@ 5 p et
somewhat larger gain in the net, the latter due in cent for good four to six months’ single names.
It' is stated as the week closes that a suspension o f
great measure to economies in the expense accounts.
The compilations include a number of returns spec hostilities having been agreed upon, peace negotiations
ially secured by us— among them the Baltimore & will be conducted between Turkey and Greece direct,
Ohio and the Cleveland Cincinnati Chicago & St. and that the terms will be submitted to a European
An armistice between the opposing
Louis. The Baltimore & Ohio is still continuing its conference.
policy of spending large amounts out of earnings for forces in Thessaly, to extend over a period of seven
renewals and betterments.
Hence, while the gross teen days, was formally concluded on Thursday. The
shows an increase over the amount for March last year Bank of England minimum rate of discount remains
of $205,644, the net records a loss of $111,819, ex unchanged at 2 per cent. The cable reports discounts
penses having increased in the sum of $317,463. The of sixty to ninety day bank bills in London J of 1
Cleveland Cincinnati Chicago & St. Louis has a per cent, against 1@1 1-16 per cent on Monday, when
quite favorable statement; it shows $141,256 increase the news was received of the impossible demands o f
in gross and $83,289 increase in net. The Peoria & the Porte. The open market rate at Paris is I f per
Eastern, operated by this company but making separ cent, at Berlin it is 2 f per cent, and at Frankfort
ate reports, shows for the same month $7,623 decrease per cent. According to our special cable from Lon
don, the Bank of England gained £458,240 bullion
in gross and $6,047 decrease in net.
For the month of April we have as yet very few during the week and held £30,678,824 at the close of
returns of net, but of those that have come in some the week. Our correspondent further advises us that
are decidedly poorer than for the months preceding. the gain was due to £226,000 net receipts from the
Two of the lines in the Pennsylvania Railroad system interior of Great Britain and to £232,000 imported,
are conspicuous in this respect. Thus the Pittsburg of which £210,000 were from the Cape, £17,000 from
Cincinnati Chicago & St. Louis reports gross of only China and £5,000 from Australia.
The foreign exchange market has been dull and
$1,057,655 for April 1897, against $1,217,277 for
April 1896, and net of only $255,517, against generally steady this week, with nominal rates entirely
$366,104; and the Pittsburg Youngstown & Ashta unchanged and no alteration in those for actual busi
bula reports gross of only $87,940, against $125,811, ness since Monday, when there was a reduction of oneand net of but $20,181, against $52,699. These roads quarter of a cent in long sterling. The offerings o f
are located in the iron and coal districts, and evidently bills against exports of silver and also against ship
business in those sections has been on the decline ments of provisions seem to have kept the market
again since Congress has been in session. The Balti fairly well supplied during the week, and it is re
more & Ohio shows a gain in its gross for that ported that the demand for remittance for imported
month, but it amounts to only $9,816, against the in goods has not been large, most of these goods not hav
crease of $205,644 noted above for March. The Summit ing been sold, and there has been a less urgent inquiry
Branch and Lykens Valley on their coal mining oper to remit for sugar this week. Yesterday Lazard Freres
ations show receipts of only $119,302, against $160,083, engaged $1,200,000 in bars for shipment to-day. W e
and a deficiency in meeting expenses of $13,409 for learn that there is a possibility of the shipment o f
April, 1897, against a deficiency of $24,170 for April $1,000,000 next week, but if the gold should go it will
1896. Southern roads have done much better, and the not be taken from the Treasury or from the banks,
Nashville Chattanooga & St. Louis has gross of $393,- but from metal now on deposit with the shipper.
229, against $373,030, and net of $129,644, against The range for posted rates for exchange has re
mained at 4 87 for sixty days and 4 88 to 4 88£ for
$125,417.
THE
976
fV
on* LXIV
C H R O N IC L E
The follow ing statement gives the week's movements
iu*s for actual business in long
mo-quarter of a cent, compared of mom s to and from the interior by the New York
jftr r lm i* w
mi Friday of lust week, to -1 88 banks.
w ith th o s e
t
*hort sterling remained une rates t
H tctiPtd by \ Shipped b y
N et In terio r
6
I
w hi
W ttk B n m m M ay 21, 1897.
\\ r . m n k s . N. Y . 11mm.
M m w m nt,
t s; J{8 t s 'l, and for cable transfers at
changed III
ur
n y.
S 4 .S 3 3 .0 0 0 $ 1 .8 0 3 , <HHilQ * iu .$ 2 ,7 2 8 ,0 0 0
There was no further change in rates - C o MrLe.* *c—. ..***................................
4
I 87f
•211,O O O jG ai»,
1 0 1 .0 0 0
O
. . . ......................
3 7 2 ,0 0 0
d u r in g th e week and ih# tone of the market was
T o t a l k o M a w l l e g a l t e m l o r s ___
r-1.9 0 8 .0 0 0 S 2 ,O m ,«i)O ia « iH .S 2 ,8 S 0 .O O O
tU4ily. The following shows the daily posted rates fur
With the Sub-Treasury operations and gold exports
exchange bv some of the leading drawers.
the result is as follows.
tig h t.
M.j Wit
lu «
e n
On
! - , » * « » iu
t
«» r o t roa sts*
sxou aso b
.
F il l..
w m . Tuck.
r*u u
u rn *
T V * * ..
May U . M i l U . A 4«r IB. May 1». Af.tj: S». May SI
s?
87
mu
m
mu
SI
m
m
H>K
« .*
m
mu
m
w t
m
m
m
m i
«=M
87
8 tH
87
m i
H7
g *
m
MM
S -H
m
m
m
m
m
mu
m
mu
m
mu
m
mu
m
m
m
mu
m
mu
m
mu
§7
ST
m i
mu
ST
ST
it
■ t t R a s a ^ .l S S E !
I%mkm
}4M K
<K 9ft
*r
• ttS -
. |S rill*,,
h
im4njf*, ■
|«day».
. j flights.,
InAteftiw i «*>day*
AOsb ! mu-,.
J
H w life
ir«fcu if-»* *
day*.
|m day*
*+6srfeW
mu
m
if-
ST
mu
m
mu
S k
87
m i
S *
87
mu
* S i*
m i
Into
B m ks,
B a n k s ’ i n t e r i o r u i o v e r a e m .a s a b o v e
$ 1 ,6 0 5 ,0 0 0
1 7 ,2 0 0 .0 0 0
mu
m
s$u
m
m
0 7 0 : Ending M ay 2 1. 1807.
Sub-T rew s, op e rtil’ ua and g o ld oxpta.
Out o f
B inks.
N et Oh m ge in
B ink Moldings.
§ 2 .0 1 6 ,0 0 0 O a S n .! 2 .8 S a ." i '0
1 0 ,6 0 0 ,0 0 0 L o s s . 2 ,7 0 0 0 0 0
87
T o l a l g o l d a n d l e g a l l e n d e r s . . . . . r 2 2 , l 0 5 ,0 0 0 l f S L . 9 1 6 .0 0 0 (l a i n
m
m
Amount of bullion in principal European banks.
S i 8 0 ,0 0 0
s»
mu
87
mu
mu
m
mu
M ay 2 1 , 18BS.
M ay 2 0 . 1897*
B a nk o f
'lotal.
Gold.
S ilr< r.
Total.
G old .
Silver.
£
£
£
£
£
£
50,010.701
15.192.000
12.801.000
10,500,001
6.946.000
1.331.000
47.266,762
12'd,«78,J35
45.552.000
89,0S 0 ,0 t0
1 8 9 0 6 .0 0 0
9.581.000
8 .933.000
36,678,821
30,678,821
78,653,285 46.189.484 127,8 1.769
30.134.000 15.524.OCO 4 5,6 :8 .0 0 0
33.350.000 12,610,000 45.5)63,000
18,959,000
8.009.000 10,350,001
9,480,000
2.030.000 0,850,001
N e U ie r h m d s .
4,143 000
2.702.000 1,881,000
N at B e lg iu m .
E n g la n d ........ .
F r a n c e ,... .
t i e a m a n j ........
A us t . 'H u u g ’ y
S p a in . ............
47,206,702
70,667,434
30,3 60 ,COO
26,876,000
8.4 0,000
2.636.000
2.022.000
Tin market closed dull and steady on Friday with
th«. posted nstes at l ST for sixty day and 4 8 8 @ + 88$
for sight. Kiu.-s for actual business were 4 86@4 86$ T o v .t b ls w e e k 162,802,109 05,881,484 288*030.693 397,833,190 06,823,701 2 -4,650,897
T ot* p r a v . vr’ k 190,807.JC8 05.688,421 2 8 0 , '5 , *2 9 1 9 6 ,^ 7 .9 8 5 90.815 320 293.733,291
for ho r . i ri \ 4 s', for short and 4 8vA(S4 87$ for
(-i
Cable iTaoi.fi rs. Prime commercial bills were 4 85$ @
SIGNIFICANT PEA TVIIEH OF THE
4 sh>i ami documentary 4 85@4 851. the latter an adFOREIGN TRADE FIGURES.
fane.- from 4 M
v<Vt,4 86$. The Bureau of Statistics at
We wrote last week regarding the foreign trade sit
■Washington 1ms this week issued the statement of the
Country-- foreign trade for April, and we give the uation before the April returns had been published.
'Die April figures were not made public by the Bureau
figures below in our usual form.
of Statistics until noon of Saturday. In the conclu
C o s m o s T e a m ; Movkm ext o f the U nited S tates .
la t&e {oilovuig
three ciphers (000) are in all cases omittedsion we drew a week ago we correctly indicated their
character. The imports prove not only to have been
Im port m.
Ext***.
Impart*.
Except.
fiaipatt*.
I B r r c h ' d l *1*.
1
1
t
t
1
I
very large, but the largest (8101.305,000) ever re
2 0 9 .4 4 3
“ 3 8 .3 8 1
1 7 1 .oas
1 ZZJM
iT ii.m
-f-e o .o io
1 2 6 6,0 33 a o o .fls o
3-3 B .7 -1
+ 6 B .8 W
1 5 9 .4 » -t -l * O .S » l
corded.
They compare with $58,650,000 in April
4 4 2 665
1 9 5 ,3 8 1
m i / -n 1 S O .0 I S 4 7 4 *0 8 1
•11 0 .3 (0
1896 and with an average of $55,429,700 for the pre
+ 1 2 ,4 4 2
7 1 .0 9 *
1 0 1 .306 - 1 3 . ' . ? '
3 S .9 M
666*300
« O 0 , ! « + « ! « » , * > .2
+ S 3 .0 S 3
vious nine months of the current fiscal year. Though
T 1 0 .8 3 3
fM I
€ «*U ■
they are certain to be less in May, they are still run
2 ,8 5 5 + 3 3 .1 0 3
3 1 . OSS
• M jn
m tm
*m sm
~:$&.7as
+ 2 7 ,7 1 6
3 1 . US
1 .151
3 J .« m
3 ,6 9 9
ning considerably in excess of the foregoing average,
2 2 , 6 ‘M
-7 0 S
1JSI
1 3 .5 3 5
— 9 4 39
lM '%
and fully justify just such gold exports as are in prog
619
1 .1 2 0
4 6 .0 1 0
3.7tU
+ 2 042
A t:'-:
T m * i..
3 0 ,2 7 8
11,717
* 0 .2 9 0
4 5 0 ,0 1 2
S O ,190 —,5 S .*8 2
ress.
m m m t,
We have prepared from the records we keep of the
1 1,767
3 .6 6 7 4 1 1 , 1 0 6
%a j v i
OJKIO + 1 1 . CDS
4 ,0 6 0 + 1 *^539
1.5,169
10 jm
3 .3 0 7
+ 1 1 .8 8 2
monthly trade movement the following comparative
Jm&L-Mm t k .
1.5 ,28 0
• J .lft
+ 1 t .453
3 ,8 2 3
iM M *
+ 1 1 ,4 5 ?
STS
3 ,1 4 0
statement, which will be found interesting and also
4m
*44*310
503
+ 4 .& U
.......
5 1 .1 7 !
+ 4 2 ,8 1 4
3 0 ,8 3 0
i i .t m
1 1 ,3 0 0 + 3 8 9 9 0
further helpful in a study of the gold efflux. It covers
In d r e .
the first four months (January to April inclusive) of
m
m
475
9
010
-S t*
8?
552
-5 1 5
each of the last six calendar years, and is simply the
m
l.« fr
36
358
— 328
—l.i m
A p fu ..............
t
—848
155
— 160
5
net result for those months— that is the excess of ex
—31,524
*•*»
mb
‘4.7 *9
— 1 .1 CO
SO
1 ,540
ports over imports, or the opposite, of merchandise,
M l* * r l » O r e .
4 :m
-4 ,1 6 4
SS9
04
gold and silver, with a final column showing the net bal 3.0M )
- 2 .9 8 0
— 1.1*6
If#
4N U
— 3 ,5 8 1
3 ,0 5 9
ance of the entire trade.
ft?
4 ,W I
— 4 ,7 *?
191
— 4 , 1€0
4 .291
1*#>l
wm
- !.» »
n
1 ,5 7 8
-1 ,5 6 0
— 1 4 .0 f t
.1 BuS®!
m
1VS.8T5
-1 2 ,8 2 7
—
of Im
port#
Wt d'join the total* for merchandise, gold and
fiivo? . f«>r the ten months since July 1 for six years.
tat **j>*rt*.
T
m
m.
m
Mn mM
m cs.A m *.
j
091,0
Im
*
8t,.« k
i
1 - ,+«■
m
port, 0/ *•
FOUR MONTHS ENDING APRIL 30.
N et Morclt-i ndiec.
1 8 9 2 ,,..,. . . .K x p , 853,510,335
N et Gold.
N et Silver,
E x p . $ 1 3 ,0 3 5 /0 2
E x p . $5,003,816
N et Trade Bed.
E X P. *(2 ,1 8 1 ,1 6 2
38915,.,..
5 7 ,M 2 ,160
Exp.
45,051,501
E xp,
6,255,058
Im p .
0 ,2 4-i 911
1K{»4............... E x p .
63,56?,143
E xp.
1 3 ,7 9 6 /6 7
E x p . 11,402,818
Exp.
80.708,818
1 8 9 0 ,..,
8,720,854
9 / 54131
E xp.
2 0,928,060
1 8 0 6 ....,
6 5 ,100,9 5
im p .
E x p . 4 4 .0 4 9 / 81
7.285.792
E x p . 10,368.060
Exp.
68,189,779
1 8 - 7 , . .. . . . . . . E x t ) .
50,505,410
Exp.
4,000,231
E xp.
E xp.
63,064,684
E xp.
9,452,954
Taking lor examination the six years together,
»mm
jB °> t*' mu.
g,
rJm*. rw"
p ri marked similarities between the years are noticeable.
a
i
*
1
*
» T #.
•
»
B*-»T w * i mo.m *ICHr. 2 1 r0A;- • •ai.ocm i.u ii •i i. i ar.icii For instance, with the exception of 1893, when the
0116
H3.'
•9M
M
3I.T.S 3 0 !- 1 ■ 1 • ao.o>
ti
t I
trade situation for the four months was against the
• I B '- a w .,* N(>«*•»
nt 'in i 33.ni avoi*-. i«
• a a t >»*.<• v io /-' - llano i « •>« •>.«#» "11.3i» irt.t; u .t o ;
■
United States, and 1895, when the favorable balance
as*»l»*«;w tao./j.s ►S.A.'MIHU/ I * IV T Mr, 33.<1- I
O
j ;j „«■
b ib .
a>m< 3 0 * . « ill it t s • - - !!> 4-. • IT
|(i
j 1,J8 was very small,—with those two exceptions the net
*It!:.?# -f S ?/ —
*# i* i.
merchandise balance each year has shown very nearly
In t last tabl - g<>!d and siher in ore for 1803-04, the same- excess of merchandise exports. A second
I8&4-'
and 1808-07 are given under the fact is that, not withstanding this favorable merchandise
heads
y of gold and silver; for the other balance, gold exports during those months are a feature
rents,
dtided in the merehandtsS figures.
every one of those years other than in 1896, and even
May 23, 1897.]
THE
C H R O N IC L E .
in 1896 there was a net gold export in A p r il; in con
nection with this gold movement it should also he
stated that net gold exports continued to be a feature
in each of those years during the succeeding months
of May and June, except in 1895, when the movement
was abnormal, made so through the Government bond
sale. Still another important fact is the increase in
silver exports since the repeal of the purchase clause
of the 1890 silver law. These exports amounted to
6^ million dollars in 1893, before the repeal of the law,
and to 11£ millions in 1894, after the repeal. Since
then they have been very nearly the same in amount
each year.
Putting these facts together we have in the last
column the net trade balance, including merchandise,
gold and silver. Of course to get at the real situation
to-day we should be in possession of the trade returns
for the month of May now drawing to a close, as they
go far to make up the conditions influencing the cur
rent exchange market. One other unknown quanity
is the outstanding account for imports ; in other words,
it is a question of importance how far the later mer
chandise imports have been paid for. As the goods
have not been sold the presumption is that the ac
counts as a rule have not been liquidated and that this
is the case to a much greater extent than usual. In
our Financial Situation we give our usual summary of
the April returns, with previous months, and last year’s
figures for comparison.
C O R P O R A T IO N F IN A N C E .
Mr. Thomas L. Greene has written and the Putnam’ s
have published a book on “ Corporation Finance.” We
know of no subject that possesses a wider interest.
Corporations are a development of modern mercantile
and financial conditions. They are at once a necessity
and an evolution of civilization. Hence an under
standing both of the theory and the practice of corpo
ration finance is within the need and requirement of
every student and business man. The railroads of
course constitute the largest branch of corporate un
dertakings, and a great many of the author’s illustra
tions are drawn from this field. Entirely outside the
railroad industry, however, corporate affairs are con
stantly assuming larger dimensions. The growth of
the so-called “ industrial” enterprises in recent years
furnishes the best evidence of this. Many businesses
have in this way been converted from private concerns
into stock companies, and thus taken the corporate
form. The motive in these cases has not always been
a desire to secure gain, or to “ unload” on the public.
In not a few instances the change has been made with
the view to overcoming the limitations imposed by the
life of an individual, the owner or founder wishing to
provide for the continuation of the business after his
death.
Mr. Greene had special qualifications for the task as
sumed in writing such a book. He is well versed in
the theory underlying his subject, and has done con
siderable writing on financial and cognate subjects
for the newspapers. At the same time he has
had practical experience in corporate work, a fact
which his present position as auditor of the Manhattan
Trust Company sufficiently attests. This combination
of practical and theoretical knowledge has enabled
him to prepare an instructive book, useful alike to the
student at college and the every-day man of affairs.
He writes, too in a careful, discriminating way, is
977
conservative in expression and views, and does not aim
at effects, but presents his statements and arguments in
a plain, straightforward way. We imagine few com
petent critics will take issue with him on any material
points in his discussions.
In treating of the subject of bonds and stocks in his
opening chapter and the amount of indebtedness that
may with advantage be put on a property, he lays
down a rule of action which will be commended by
everyone. He says that only so much money should
be borrowed as can be obtained on favorable terms.
He argues that when it is stated, as sometimes hap
pens to be the case, that a particular business cannot
bear the high rates of interest which it is directly or
indirectly paying, one may rightly assume, in the ab
sence of some other oppressing cause, that the reason
for the present distress goes back to the time when the
promoters of the enterprise (or the organizers of the
newly incorporated company formed to take over an
old business) were unwilling to accept the estimate of
experienced money lenders upon the success of the
company. Either by advancing their own money or
by inducing others to become partners in the enter
prise they ought to have obtained share capital enough
so as to have started the enterprise conservatively.
This idea and thought is also embodied in the subse
quent chapters, especially in discussing the merits and
desirability of railroad bonds as investments. After
noting certain points of dissimilarity between real
estate mortgages and railroad bonds, he points out
that since railways fill so large a part in our modern
industrial life, and since we may safely say that there
must be carriers of traffic so long as civilization en
dures, it is apparent that that traffic can be made the
security for the borrowing of money as safely and legit
imately as can a dwelling house— provided always that
those rules of financiering are observed which require
that only the minimum value of the property be rep
resented by such funded debts. The investor, there
fore, need not fear to put his money into railway bonds
or debentures because of the commercial conditions
under which railways are operated ; but those com
mercial conditions require that he should, if he seek
safety for his investment, consider the bearing of
these facts upon the particular road in which he is in
terested. If the earning capacity of that company be
comes for any reason impaired, the strong legal lan
guage of the mortgage will not save the holder of the
company’ s bonds from loss. In the end he must ac
cept as a basis for re-valuation of his securities the
earning power of the company as a carrier of traffic.
The author does not see much merit in railway
sinking funds. He contends that when railway com
panies are in good credit, or when the mortgage con
taining sinking-fund clauses covers property conceded
to be worth more than the bonds, the establishment of
such funds is a financial mistake. If the bonds are to
be compulsorily retired, so many each year by lot at
say 110 per cent of their par value, the fact immediately
decreases their value as investments. Ho investor
likes to buy bonds which, however good or whatever
the premium he may have paid for them, he may
have to give up a short time after purchasing. If a
bond is really good, the longer the time it has to run
the better the bond buyers like it. Another practical
objection is that no one wishes to be on the lookout
for advertisements which he may or may not chance to
see, but which are legal notices, binding on the bond
holder, that interest on the bonds named by their
9T!
THE
C H R O N IC L E .
(Von. LX IV.
<>nt.vOn the other hand, ing the cost from the sale of bonds or shares requires
sju, w in,. uu.w t j« W rightly object to » sinking fund modification according to the circumstances of each
tvdvm which #h.:",ild require them to contribute certain particular company. The more fluctuating the volume
sjU J .
T,
it-i-a in buying that particular issue of business lias been or is liable to be, the more im
# | ’ |, jji .jK, oih'U market. Such a provision would portant is it that in one form or another a part of the
cr,
tt:i artificial scarcity in those bonds, so that profits in prosperous years should be withheld from
{».<
■
would be above the normal. To the shareholders and put into the property or set aside
j ... ■_ i4* U h'lvh premium bonds which at maturity for its renewal.
4
Mr, Greene suggests as a working principle, to dis
♦
)u,
, ..aid pay at par would be poor financier|jv
j .
;| !jsi' of the current revenues of the company tinguish the one class of outlays from the other, that
no additions either to the real estate or to the machin
pt vih. h the shareholders could properly object.
The distinction between railway sinking funds and ery (if a manufacturing company) or to the roadbed and
Government sinking funds i,< brought out in an inter- track (if a railway company) should be considered
wav. In national finance, it is understood and betterments and charged to capital, unless they in
rve-o^nired that sinking funds for the payment of Gov crease the productivity or earning capacity of the plant.
ernment bonds <an bo established only from Govern Under this rule Mr. Greene would regard the purchase
ment revenues—in short from taxes. Hence if the of additional equipment for a railway as an expenditure
opinion be that the Government should not remain which could conservatively he met by the issue of bonds
always in debt, but arrange to pay off its borrowings or equipment notes, because such purchases would
l*v d« 2 fees, the funds must bo supplied from taxes. enable a larger volume of traffic to be handled ; on the
The Government is not in business and has no business other hand the replacement of a wooden bridge by an
revenues. But corporations, which must continue to iron one would not according to this definition ha a
earn money through (heir services to the public, oc proper charge to capital, unless it was one of a series
cupy a different place The rules covering public debt of expenditures deliberately resolved upon in order
financiering do not now apply. Rather do we see the op that heavier trains could be run and a larger volume of
posite. where borrowing is not only a necessity , but often traffic handled, thus increasing the revenues of the
th. only road to success. The revenuesof such corpora company— an increase which the theory demands bo
tion- do not come from taxes, but from moneys given clearly seen to he possible after the various amounts of
to them in return for services rendered in a business capital set aside for the purpose had been spent.
The same rule, Mr. Greene thinks, might he applied
wav to those concerned. Such services must in some
ie benefits paid for eontin- to corporations other than railways, the safe course
ba.-L. >L*roi,\i-r, ! hrnugii oom- being to charge against revenues (possibly through the
pet it i* or in other wavs, the profits of such companies profit and loss account) the cost of all additions to the
tend towards smaller margins, these being usually only property which do not increase the output or decrease
;(; to pay a fair return to the capital invested. the cost of production. Y et he is careful to say that
!>in< o the only way to pay off debts is from revenue, it any rule or any principle in so delicate a matter can
follows that the retirement of bonds at maturity by properly he applied in each case only after a study of
cash payments (except of course through the sale of all the circumstances, including the business of past
other bonds) could be effected only by increasing the years and the prospect for the future.
There arc other parts of the hook to which we should
revenues through advancement of the prices charged
to passengers and shippers, or by the shareholders (or like to refer, but lack of space forbids.
h msclves) foregoing their
<
returns for years. A? u practical matter, either way is TURKEY AND THE EUROPEAN CONCERTl
nmidvisablc or impossible.
Events which have followed the overthrow of the
In th- chapter on CorjH>rution Accounting there is Greek armies in Thessaly put a new and startling
• ion on the subject of what out aspect o n . the problem of Southeastern Europe. It
lay; may properly be charged to capital account and will be remembered by all who have followed the in
■m
i
cim.-idered a part of the ordinary work cidents of this Greco-Turkish war that Europe was
ing exjifitsiw. Reference is made to the fact that in confident, up to the very day when Greece finally
Great Britain the practice is to charge to capital every sued for peace, that the Turkish Government was a
it-, in, small uni large, which can by any possibility be docile instrument in their hands. Stock markets at
construed to be a betterment, and to the further fact the European capitals advanced on the Greek defeat
that no Imrtn has come-to the British railways from at Turnavos and on the Turkish capture o f Larissa,
this policy, because the fluctuations in the volume of not because even the financiers were in sympathy with
tb ": t trails,-, have been comparatively slight. In the Turkey’s purposes, but because it was assumed that
rested fit ate*, however, a like policy would not be with Greece crippled the will of the Powers was su
pr.setscable or advantageous.
From the very na preme ; that Turkey could be checked in its advance,
ture of the i am business of all kinds in a de that Europe would dictate all the terms of settlement,
veloping country must be more subject to changes which the Ottoman authorities would speedily accep t;
sn profiriddeiutM than in older countries. The very and t hat, with this accomplished, the status quo would
character of the American people, energetic and pro- be restored and peace assured.
grcwjve, make- business all the more liable to such
Trusting to such assurances, the defeated Greeks
fluctuation*. Bad years follow good years in every bowed to the will of the European diplomatists and
b:m of American industry, although differences are placed Greece's fortunes in their hands. They even with
b m viob-nt in those trades which are the longest estab- drew their troops from Crete—the original ground of
h»h<*d and among those companies which have been controversy between the Athens Government and the
ir, - p-r.ito.,, long enough to render their business Powers. With the case of Greece thus formally confided
comparatively stable.
The principle, therefore, of to them, the diplomats laid their purposes before th®
charging ail so-called betterments to capital and meet Sultan. They were received with almost- insulting
cuiuhen e-m-** -■ «
Mat 23, 1897.1
THE
CHHONJLCLE.
coolness. The Sultan waived the entire question until
a more convenient season, some days later; the Turk
ish armies, ignoring the express wish of the Powers
for an armistice, moved steadily forward, taking one
after another the remaining Greek defenses. Finally,
at the opening of this week, the Turkish ultimatum
was submitted. It gave up, to be sure, the original
demand for surrender of the Greek navy, a measure
to which all the Powers had shown the most positive
objection. But it proposed a cash indemnity reaching
to more than $40,000,000— a sum sufficient to ensure
the absolute destruction of the Greek finances ; and it
furthermore stipulated that the whole of Thessaly
should be annexed to Turkey.
To understand the meaning of these stipulations
and of the circumstances under which the demands
%
were made, it is necessary to review the history of
Southeastern Europe during the last half-century. As
long ago as 1853, the Russian Emperor Nicholas, draw
ing aside at a private company Sir Hamilton Seymour,
British Minister at St. Petersburg, used these remark
able words : “ We have on our hands a sick man—a
very sick man; it will be a great misfortune if one of
these days he should slip away from us before the
necessary arrangements have been made." , This
cynical remark did in fact reflect the seeming disinte
gration of the Turkish Empire. Not even the Crimean
War of 1855 materially altered such a movement. The
Peace of Paris with which that war was settled in
1856 did indeed provide in terms for the “ integrity of
Turkish territory” , and for the admission of Turkey
into the privileges and immunities of European
States. But hardly was that treaty signed, and
Turkey left to stand or fall on its own merits, when
the work of moral and territorial disintegration began
again. In 1857 Moldavia and Wallachia were detached
from the empire; in 1872 Egypt was virtually lost; in
1879 Bulgaria achieved its independence; Bosnia, Her
zegovina and Montenegro had already cut loose from
Ottoman domination, and Thessaly was assigned to
Greece. Against these territorial losses the Turkish
Government protested impotently; its protests were
treated either with indifference or disdain. The guar
anteed integrity of the Turkish empire, as Mr. Glad
stone pointed out two months ago, had been during
forty years a ' ‘ mere fiction of diplomacy.” Unsup
ported by the European Powers, which had stood be
hind it in the peace of 1856, the Sultan and his Min
sters confined their appeals to Europe to a servile plea
for protection, sought with such inducements as
should tempt the cupidity of governments.
The mere fact, therefore, of the position now as
sumed by Turkey amounts to something like a threat
ened revolution in European diplomacy. The change
in attitude is still more striking when the incidents of
November 1895 are called to mind. The humble
pleading of the Sultan’s letter to Lord Salisbury, read
by the Premier at the Lord Mayor’s dinner, was ap
parently the utterance of a decrepit ruler at the end
of his resources. “ I will execute the reforms. I will
take the paper containing them, place it before me,
and see that every article is put in force. 1 beg and
desire his Lordship, having confidence in these decla
rations, to make another speech. I shall await the
result of this message with the greatest anxiety.” The
reader of these cringing apologies and fawning prom
ises has to rnb his eyes before he can believe the writer
of the note of 1895 to be the same potentate who
this month yawns over the suggestions of the Powers,
979
defers his answer until the Feast of Bairam has been
ended, and at length, snapping his fingers at the Con
cert, cooly demands that the Powers make a start in
turning over again to Turkey the provinces formally
removed since 1856.
Several theories are advanced to explain this sudden
arrogance. One, and the least ominous, is the familiar
explanation that a “ war party” , inspired by Edhem
Pasha’s successes in the field, has obtained control of
policies in Yildiz Kiosk. In such a situation there
would be little formidable; the united intervention of
the Powers would quickly change the face of things at
Constantinople. A far more serious inference ad
vanced is the suspicion that with Turkey’s army a
demonstrated power, the Ottoman Empire is no longer,
as a political organization, an object of international
contempt. A nation which can fight and win, which
can conduct scientifically and successfully an organ
ized campaign, is a factor which the military powers
must take in reckoning. Therefore the gravest ques
tion of the hour is, whether the insolence of Turkey
has its origin in a secret understanding with some firstrate government.
IVliat this would mean to Europe it is not difficult
to guess. It would involve, first, the reopening of the
‘ ‘Eastern Question” in a shape which it has not as
sumed since the early decades of the century. It would
necessitate radical reconstruction of Great Britain’ s
Eastern policy. It is not inconceivable that instinct
ive suspicion of this very outcome was a motive in the
recent Liberal revolt against the Ministry’s existing
programme. Last, and by no means least, a conceiva
ble combination of the sort would presumably involve
division of the European Powers into Eastern and
Western alliances, tacit or expressed. For Turkey’ s
friends thus far in the pending struggle seem to have
been Russia and Germany. Russia is known to have
checkmated diplomatic moves in favor of the Greeks;
Germany has supplied the very field officers of the
Turkish army. Let it be remembered that it was Italy
France and England which fought by Turkey’s side in
the Crimean war of 1855 and that it was English offi
cers who in that year commanded the Turkish regi
ments along the Danube, and the startling possibilities
even of what has been already manifest this year may
be discovered.
We notice this as an interesting possibility. It is as
yet no more, and in many ways an actual and per
manent combination of the kind is in a high degree
improbable. For one thing, Turkey’s financial de
pendence on Great Britain is still complete; its ma
terial interests are, moreover, opposed to those of Rus
sia and Austria, if not to those of Germany. The
Turks are shrewd enough diplomatists to mistrust the
permanent good offices of at least that Power whose
objective point is Constantinople. Yet it is true that
even before the Russian Government, in the middle of
the present week, forced Turkey into observance of
an armistice, the shrewder critics of the European
press had begun to talk of Turkey as Russia’s vassal;
and even if that influence is used to-day to balk the
wishes of the Sultan’ s aggressive counsellors, it might
be used next time to suit even more immediately the
purposes of Russia.
All this is the exceedingly interesting problem of
the future. Its actual outcome will be doubtful for
some considerable time to come, even if the Powers
act in the present case harmoniously and successfully.
But the truth is, that the action of the so-called “ Eli-
9&o
g Bg
l|Sj----
THE
C H R O N IC L E .
[Von LXIV.
incoft*9
tini first disturbances in Crete 1States, namely Illinois and Indiana. Itw as foreclosed
fb jlg l ffuch ui to aubje t* the league o I Powers to a I tuider a mortgage covering the entire line on a decree
fc fg
*
•
ivy strain, fire cue was doubt U ss rash in on- issued by the Superior Court o f Marion County,
pretty b «
zipon this war. Ii view of what events at the Indiana, hut without ancillary proceedings in the
own regarding the organiza- Illinois courts. The question was whether in view
front in 1
?
t i« t #f iJm ountrv * arm*, the declarei ions of Rely- of the general rule that foreclosures and other
month ago. sound not wholly unlike suits affecting land must, be brought in the courts
the deck rations of the unlucky Oil vier to the of the State where the land lies, the successor
ill this, bis- company could claim title to the Illinois portion
But for s
Faria De puties in 1810
tort will not fail to notice that, but for the of the road through the conveyance made by the pur
blockade of Crete by the European Fowl»rs, the island chaser at. the foreclosure sale under the order of the
might have become a base of active operations against Indiana court. In other words, can an Inter-State
■Turkov; wit for the restraining influence of the road mortgaged as an eutirety be foreclosed in a single
r.oevta., tin- Balkan provinces might easily, is the criti State court without the institution of ancillary pro
cal
.ml week of April, have risen against the Otto ceedings in the courts of the other States through
man d o m in a tio n . Rightly or wrongly, the Powers which it extends. A brief review of the events lead
first I rippled Greece herself and then tied the hands ing up to the present decision will be interesting, and
of her pO'sible* allies, leaving the little kingdom with at the same time tend to a clear understanding of the
all the odds against it. There has been very obvious facts of the case.
On December 31, 1875, the Indianapolis Decatur &
chafing agonist this policy among the people of Italy,
Springfield Railway Company executed a first mort
Fro. . and England. .Skilful handling of the ease by
the Ministries in control, coupled with the fear of gen gage to secure payment of bonds to the amount of
era,! European war. has served to keep this opposition 11,800,000 on its 152 miles of road from Decatur, 111.,
in a minority. But even this minority must be reck to Indianapolis, Ind. In 1887 the property passed to
oned with later on, and its attitude will be largely the Indianapolis Decatur & Western Railway Com
pany, subject to this mortgage, and on January 2
governed by the issue of the pending controversy.
One thing may he predicted with assurance, Turkey 1888 the latter company executed three mortgages
will nut, by any possibility, retain a position of gen- covering the same property, to secure three series of in
ttisn? prestige in the family of nations. Notwithstand come bonds. On the 10th of May 1894 the property
ing its recent achievements in the field—which after was sold in the city of New York under foreclosure of
all <miy repeat, achievements of the past— the Ottoman the first mortgage, and purchased by George Sherman.
Empire carries within itself the seeds of dissolution. Sherman subsequently conveyed the Illinois end of the
In :he face of England’s policy of support during line to the Decatur & Eastern Railway Company and the
inure than half a century, the Sultans European Indiana end to the Indiana Decatur & Western Railway
dominions have continuously crumbled, simply be Company. Elijah R. Craft, as a holder of bonds se
cause he proved himself incapable of governing them. cured by the income mortgages, filed a bill in the Cir
This incapacity was never more obvious than it is to cuit Court of Edgar County, Illinois, alleging that the
day, tmr was the savage character of Turkish rule ever sale of the Illinois end of the road under the first
nor.- . 1
early demonstrated than it has been within the mortgage was illegal and void ; and asking the Court
past iw.dve months. It is possible that Turkey may to decree that the Decatur & Eastern took no title
fo ra time be used in its new position on the cheas- thereto by its deed from Sherman. He prayed fo r a
of European diplomacy. But the Power which foreclosure under the income mortgages and that he
the active aid and alliance of Turkey in be allowed to redeem from the first mortgage after
an international dispute would be confronted by the an accounting. While the litigation was pending the
same denunciation on the part of civilized Europe as Decatur & Eastern and the Indiana Decatur & West
Louis XIV. and Napoleon Bonaparte encountered ern were consolidated under the name of the, latter.
when they undertook or contemplated the same ex The consolidated company adopted the answers
periment. N or does history suggest that such a possi filed by the individual companies and also filed a
ble alliance would result even in any selfish benefit.
cross bid claiming absolute title to the property by
virtue of the sale under the first mortgage and praying
GA .V ,1 V / YTER-S'lA TE RA1LROA D BE FORE that Craft, be perpetually enjoined from interfering
CLOSED BY PROCEED!FOB IN OXE STATE. with it. The Circuit Court granted the prayer of the
Wo reported very briefly last week in our railroad cross bill and dismissed the original bill for want of
< KHroi sho derision of the Supreme Court of Illinois equity.
in the suit brought by Elijah It. Graft for leave to re
The plaintiff raised numerous objections such as
deem from the old Indianapolis Decatur & Western that the mortgage of 1875 was not valid, that the
mortgage the Illinois end of that property. As stated trustees were uot legally appointed, &c., all of which
by us, the decision was adverse to the plaintiff, the objections the Court failed to sustain; but, as stated
Court a(firming the foreclosure decree. Some of the above, we shall confine ourselves entirely to the con
points raised In this action involved minor matters tention that the Superior Court of Marion County,
ha vu»g %hearing only on the particular case under re Indiana, was without jurisdiction as to the mortgaged
view, and may therefore be passed over. The main property in Illinois. It was not claimed that the sale
rpm-.hon at issue. however, and upon which the deter of the property in Now York City was not in strict
mination of the suit chiefly Inn fed, concerns a matter conformity with the requirements of the mortgage,
of considerable general interest and importance, and but it was insisted that the sale was not a.-compliance
de*emst more extended notice than wo were able to with the Illinois statute requiring that “ in all sales of
give it in our brief news item of last week.
real estate under mortgage * * thirty days' pre
l h* property of the Indianapolis Decatur & Spring- vious notice of such sale shall be given, whether so
fi'.-b! mow tic.' Indiana Decatur & Western) lies in two specified in the power of, sale or n o t . * * and, no
M a t 33, 1897.]
THE
C H R O N IC L E .
sale shall he made except in the county in which the
premises are situated.”
Judge Wilkin, speaking for the seven justices of
the Illinois Court, says that manifestly this provision
in the Illinois statute was not intended to apply to the
sale of a railroad with its equipments, franchises, &c.
The location of such property is rarely confined to a
single county.
It is not strictly speaking “ real
estate” , or called “ premises” , as those terms are used
in the statute. He refers to the decision of the Court
in P. & S. Rd. Co. vs. Thompson, 102 HI., 187, where
it was said that “ while a railroad franchise when con
sidered by itself will he treated as personal property,
and the road itself, when so viewed, will he treated as
realty, yet when considered as an entirety, as they
must he when so mortgaged and sold, they are, strictly
speaking, neither one nor the other within the
meaning of the law pertaining to redemptions.” To
apply the statute to railroad property like this, argues
Judge Wilkin, it would he necessary to give notice
and sell in every county through which the line of
road extended, which would he wholly impracticable.
The Court points out that the general equity juris
diction of the Indiana Court was not questioned, nor
was the regularity of its proceedings in any way criti
cized. On the contrary it was expressly admitted that
“ in so far as those judicial proceedings relate to the
railroad in Indiana there can be no question as to the
completeness of the jurisdiction over the subject mat
ter, and that the decree, sale and master’s conveyance
divested the title of the Indianapolis Decatur & West
ern Railway Company and extinguished the mortgage
liens created by that company in 1888 (income
mortgages) on all its property in Indiana.” The
question for determination, therefore, was whether the
decree of the Indiana Court had a like effect on the
mortgage lien in Illinois. In the opinion of the Court,
the authorities clearly sustain the view that it did.
The leading case, says Judge Wilkin, is that of Miller
vs. Dows, 94 U. S., 444. That action arose in the Cir
cuit Court of the United States for the district of
Iowa by bill to foreclose a mortgage on the Chicago &
Southwestern Railway Company, a part of which was
in Missouri. The Court decreed a sale of the entire
property covered by the mortgage, and directed the
master, who was ordered to make the sale, to execute
a good and sufficient deed or deeds to the purchaser.
The Court in that case, in outlining its views, said :
“ If such a foreclosure and sale cannot be made of a
railroad which crosses a State line and is within two
States, when the entire line is subject to one mort
gage, it is certainly to be regretted, and to hold that
it cannot be would be disastrous, not only to the com
panies that own the road, but to the holders of bonds
secured by the mortgage. Multitudes of bridges span
navigable streams in the United States—streams that
are boundaries of two States. These bridges are often
mortgaged.
Can it be that they cannot be sold
as entireties by the decree of a Court which
has jurisdiction of the mortgagors ? A vast num
ber of railroads, partly in one State and partly in an
adjoining State, forming continuous lines, have been
constructed by consolidated companies and mort
gaged as entireties. * * In many cases these invest1
ments are sufficiently insecure at the best. But if the
railroad, under legal process, can be sold only in frag
ments ; if, as in this case, where the mortgage is upon
the whole line, and includes the franchises of the cor
poration which made the mortgage, the decree of fore
981
closure and sale can reach only the part of the road
which is within the State—it is plain that the property
must be comparatively worthless at the sale. A part
of the railroad may be of little value when
its ownership is severed from the ownership of
another part, and the franchise of the company
is not capable of division. In view of this, before we
can set aside the decree which was made, it ought to
be made clearly to appear beyond the power of the
Court. Without reference to the English Chancery
decisions, where this objection to the decree would be
quite untenable, we think the power of courts of
chancery in this country is sufficient to authorize such
a decree as was here made. It is here undoubtedly a
recognized doctrine that a court of equity, sitting in
a State, and having jurisdiction of the person, may
decree a conveyance by him of land in another State,
and may enforce the decree by process against the de
fendant. True, it cannot send its process into that
other State, nor can it deliver possession of land in
another jurisdiction, but it can command and enforce
a transfer of the title. And there seems to be no
reason why it cannot in a proper case effect the trans
fer by the agency of the trustees when they are com
plainants.”
After quoting these views, Judge Wilkin says that
the law of this case has since been frequently recog
nized and followed by the Circuit Courts. The decis
ions of the courts of Pennsylvania, Hew York, Con
necticut, Indiana and other States are to the same
effect. The doctrine is reasonable and just to all
parties interested in such mortgages. In fact the
Court is unable to see how the benefit of the security
in such cases could otherwise be given to the holders
of the indebtedness. That it could ever operate in
juriously to the rights of the mortgagors cannot be
conceived. Hence the conclusion is reached that the
decree of the Superior Court of Marion County, In
diana, had the same effect upon the mortgaged prop
erty west of the State line that it had upon that east
of it.
R A I L R O A D G R O SS A N D N E T E A R N I N G S
FO R M A R C H A N D TH E QUARTER.
Our statement of the gross and net earnings of
United States railroads for March meets expectations
in being an improvement on that for the months im
mediately preceding and in showing moderate gains in
both gross and net. Economy in expenditures is again
a feature of the returns, and hence the resrrlt as to the
net is better than that as to the gross. In the gross
the increase over last year is only $947,400, or 1-60 per
cent, in the net it is $1,614,562, or 9-79 per cent. Here
are the figures for the month and quarter.
Jan uary 1 to March 31
(179 roads.)
M arch.
(135 roads.)
1897.
1890.
f
*
Ir o s s e a rn ’ a tJ0.2H.942 59.297.642
Jper. e x p ... 41,418,501 42,085,723
N et earn ’a 18.820,381
Inc. o r Dec.
1897.
1890.
Inc orD ec
*
$
%
*
494 7 400 202,504,590 200,499,920 -3,9 35,3 24
-007,162 143,478,803 149,005,950 -6,687,147
17,211.819 +1,014,562
59,085,79?
57,433,970 +-1,051,823
It is true that March the present year had one more
business day than the same month last year (having
contained only four Sundays, against five Sundays in
1896), but on the other hand bad weather and serious
overflows in the valley of the Mississippi and in various
other parts of the country greatly obstructed railroad
operations and at the same time retarded the course
of trade, besides in some instances interfering with
the movement of staples to markets. In addition there
THE
932
in the grain movement,
h in the case of eori the receipts were a little
tbOBg
1
largi than a vt*ar ago. Nor are we comparing with
xloratelv favorable results in
huyii
M
are 1S5H5. Our stat meat at that time showed only
nt gain in the gross, while in
« 2*33 i
$1.26
was actual tv a small loss—tfl90,6bi or
is
u. The following furnishes a summary
M3 i
nek several years.
eitei
yns a heavy contraetior
mw $&A*9
tm r
M **tX
1
%m $ a m * a L q V v j -?
m mm mm
tttft a m
i m i i iM i
. S
tm % ft*r> Li J $ !. -A\
%M6 'lUAH
i m ? fU & t # a .f U .H L
J AH- 1 M
Mmmk 4ii« w i > m f t tJ M I D
&4$- i IUD f ' i f
tsv t
%m%
IfM I
I4BTT
a t & iru tn js
Qirm$
TV** m i
Tf*tr
Given.
'Ym t
j f m r m r t a*:
JPrtmAM&l ik n f m m >
i
$ 4 u n$jtw
M
1
13,723,54W
18.657.481.
i
S V 5 < ’ « « ! AA MXJMA
%
ma
i - w , w 8 , 1 1 1:
$1 JSS0. mm
U J itA M L -H .f d f.4 1 8
m .W I M t
d*»4?,4C6,
U M > .n u »i
15.B53.187
1*5.608,
I8,8M ,381
f
1i • fl3 ,S d \ 3 ,r : 9 U 9 4 W
; S T .n t t j t d
ftMUMBLHtl
4 3,2*8 .4 K
ft
flTJM Iffi.tWIi SIA
j i 5'1,603,1186
fis s i
w ' B - n . w . i u [ 67.093.1*45
\m t m *n i
ilM .
tM . ‘
59.086.708
fit* )
Increase :>r
Year
Preceding. Decrease
f
iJ .4 7 b ,S U
J 8 .4 W 0 8
ld .21 0 .S S l
15.401, l t d
10.709.058
17,211,811
1
q ^ .a a s .c s s
*f 229,878
—8 .1 3 7,0 )0
+ 45 2,0 11
-1 9 0 ,0 8 1
+ 1.6 11 ,50 2
53,799.472
+ 5.507,431
69,070.581 -2 ,3 4 « ,3 1 8
55,426,141 — 7,177,054
61,51*5,051 +2.057,027
5 2.‘M17,431* + M 5 4 .5 0 1
6 -.l-U .P 7 '
+ 1 rt1 623
*!
VVh'-n arranged in groups, three of the nine groups
record losses in the gross for March, namely the
Trunk line group, the Anthracite coal group and the
Northwestern. In the ease of the Trunk lines the
loss is .-man. and several of the roads are able to report
considerably enlarged earnings, more particularly the
Baltim uv A Ohio and the Cleveland Cincinnati Chics g i k St. Louis.
In the case of the anthracite
coal roads, we know the conditions were unfavorable,
though, nevertheless, both the Lehigh Valley Rail
road and the Ontario & Western were able to in
crease their revenues, this following, we suppose, from,
the fact that the anthracite group had done poorly last
year too. As regards the loss in the Northwestern
group, there was undoubtedly a considerable contrac
tion in the movement of spring wheat as compared
with thf exceptional movement of last year. The Mil•
raui’h as §113,028. On
the other hand, the Burlington & Quincy (presumably
on a larger ■• > t movement) records $'353,59? increase,
•n
and thr*«e of the smaller roads in that, group are dis
tinguished in the mime wav.
This relates to the gross earnings. In the net,
every group shows an increase, which is evidence of
tliv extent to which reductions in expenses have over
come losses in gross receipts. The Southern group
is this owe has done particularly well, the gain being
Si -21 per cen* and only 8 of the 35 roads in that seetdci fail - i ; behind. The Mexican group continues to
nu»k*< v,wy noteworthy gains, the ratio of improvement
ing 31-G p t cent. In the
5
following wo tune brought together all gains and also all
L - m bo;ii gm:« and net amounting to over §30,000.
rttf'o ir .L CRI
•* l* l i l t ' t , s I!
Mml
A U sk . Tmp. A %. r
t,t m
* qa:
A ’O «!« .. .
S
A O * -w**#
hl
tootmmnt Pmiti# *■**-*»*
fra*t*»m fikiiw*
£ g c i s a . . fiiiiA.. 4 : BL L,
Mmimm Wmom d .
pm
touPrntf* w*......
A *
PWl WttmN*+hf*. •.* *
A ft aH*.
C ir*i .......
*n
tttmmti Tnm k ...
K * QW p a
m
t
.
B i Jo* A 0 4 . I« and
.
:W
**4
M
A M m . Ottlf.
ra»
V®. P m , D m 4 ill#...
VM impm
ftt
t IS U i l t O l I ,
Di'crcawo*.
r i.s tr i I iitiu MU.
St. P a u l... $113,028
ft'iMi7 | Phil. A Read and V. A I.
*
303.533
28$,807 ) P«nn*ylvanlj|t, . . . . .. .
327,800
m 3 Lfh. Val. HR and Leh.
2Q5.6I4 I Val. Goal . . . . . ........
188.501
172,11 i i iinrL 0c4, Rapt, 4 No.
70,588
05.920
1 41.25111 to
O ofitm l. . . . . . . . . . .
40.889
i $ f i fS fi.3 t C e n t r a l o f H a w
40,835
132,263 1 $itm. Mr. A Lrlc, Val ..
30,032
114,022 j M t*. St. P. X 8, 8.M...
in
83.743
18
1
9 1 . 0 0 0 ! K l e i n J o l i e t At E a s t e r n
+2,S?<) |fS
rie
tiK lo * *
... ....
< .i■
-4 O r a m ! T r u n k . . .
5 6 , 6 1 5 | D e n v e r A; I t i o G r a n i t e . ,
51.735 f
|Vol. LXIV.
C H R O N IC L E .
33,361
30.400
30,018
44.010 I
30,302 |
36.008
31.411
1'HINCU‘AI. CHiSiiES IS N H T BABNIKOS IX Mt A l i e n .
In cre a se s.
CWo, Burl. Sc Q u in cy ... $287,355
L. Val.B R .until,.V iU .O .
208.599
Santliorn PaoUio............
203,303
N orfolk & W estern.......
128.599
95.000
M exican N a t io n a l......
Soutliora B ill w ay .........
04,531
Olev. Cln. Clilc. St St, L,
83,289
80.057
Union Pnolflo.................
Grain! T r u n k .................
P h i l . Wilm. & B a lt........
73.200
M exican Central............
72,087
58.471
Loulsv. Si Nashv...........
P ou u sjT ran la t...............
47,800
tin. Pan. Donv. it Gulf.
40.200
CnnatUan P acific..........
43,682
Mont. & M m , G u lf.......
39,851
lllln oU C entral..............
37,467
In c r e a s e s .
St. Jos. * G.t. I s la n d ...
Sav. Fla, ft W estern___
N. Y. Out. & Western ..
$37,044
35,010
35,238
T otal (representing
32 roads)................ $1,784,340
D ecreases.
Baltimore A Ohio.......... $111,819
Ohio. Mil. A St, P a u l....
101,427
Erie...................................
«2.180
Phil, .t a . anti C. & I . . .
04,380
West. N. V- & Penn . . .
48,251
Oregon Short; .Line.........
46,240
Burl. Oed. Raps. & N o.
30,170
Total (re;
al (representing
S roads)................. $103,473
t Covers lines d irect 1y operated east and west o f P it t s b u r .: the net
on Eastern lines Increased $27,300 and on Western lines $20,500.
SO MM A K V B V G R O U P S ,
S k o t io k o n
G roup.
M arch.
T ru n k lln e s..(1 3
A n t h r a . c o a l . (9 )
E a st. X M id .(1 2 )
M id. W e s t ’ n . 132)
Sforthw csfc’ n.CO)
3 o ttth w e s t’n . ( l l i
P a c ific C o a s t (10)
4 o u t h e r n ....(3 -5 )
M e x i c a n .. .. .( 5 )
Gross K arnm gs.
1897.
$
10,493,323
0.725.820
2.271.45?
8,789,440
6,680,590
i , 8 *M *rr
0,031,072
8,171,291
2,198,222
1896.
f
10,511,510
7,311,101
2,190,507
3,732,741
0,975.831
4,4+5,315
8,713,11C
7,573,918
1,780,010
N e t E arnings.
1890.
1897.
In c . o r Dec.
$
*
4,835.237
1,559,527
593,130
1,131,314
2 ,9 0 4,0 )5
1,859.10 ?
3,022,782
2,491,231
4,771,9*3
1,305.071
511,017
1,083,830
3,771,432
1,233,157
l 3
2,055.290
702,569
924,945
f
+ 0 3 ,3 1 4
+ 1 9 3 ,8 5 0
+ 5 0 ,5 1 3
+ 4 7 ,4 8 1
+ 1 2 9 ,5 2 3
4*3 20,950
d 344,532
+ 435,9 91
+ 2 2 2 ,3 9 0
P . O.
9*79
1-83
14*19
10-43
4*38
4-0T
9*77
12-87
21*2 1
31*65
59.297,512
1 8,8 2 ),8 8 l
17,2 LJ ,8 19 + 1 ,0 1 4 ,5 6 2
15.832,14? 13,3 59,140
57,965,419 59,193,939
28,743,958 2 >,3 59 U S
5,047,413
5.615,512
12,034,8 i i 12,400,875
18,954,614 19,919.244
13,027,0 >0 18,831,187
24,525.241 2 4 .9 )5 ,5 2 1
24,132,187 24,014,251
4,907,73 7
0 .038,6 >1
4,732,531
15.653,057
5 .800,002
1,332.700
3,492.320
7.527,761
3,709,216
7,401,895
7,439,046
2 ,4 4 0 ,1 4 '
4,888,371•
15,373,813
5.421.8 >8
l . U l 104
3,358,8 M
7 ^ 3 8 ,7 3 0
8,980.031
7.150,032
7 ,*i07,88o
1.912,281
+ 4 3 ,6 5 5
+279,811
-1 1 6 .2 0 4
+ 2 1 1 ,5 3 0
+ 13 3.5 24
+ 3 9 9 .0 2 0
— 270.860
- 4 8 ,7 3
+ 4 9 1 .1 8 6
+ 52 7,8 59
10*04
3-93
5*59
6*31
0*65
7*01
27*60
T o t . . (ITU r ’d s ) 203,504,590 2 0I.19 9 .9 iU
59,0 J5,7 93
S7,433,07u
+ 1,051,823
2*88
T o t .. (135 r’ da)
/ a n . i to Mar. 31.
N o w E n g l’ d . a i )
P ra n k l i n e s . (15)
A n th r a . c o a l ( l l i
Mast.Jfc M id .( 2 1 )
M id. W e s t ’ nJSO)
g o r t h w e s t ’ll ( l l i
lo a t h w e s t’ n (l5 >
?aCiH oO oa8t<17)
S o u t h e r n .... (37)
v i e x l c a n ........ (5 )
<30,244,912
0*93
1*82
2 *12
The folio win# is a Hat o f the roads Included im ler each group in th e
foregoing ta b le :
EasVn and M rfd'e—eGon.)
Soathiv intern - ( G a.)
o
N'ew England.
Pou«hieeD9iG & eist,a.< Cu. Paa. Dear. X Gulf.
B a a g o r & A r o o s t o o k ,*
i i o u y 01. & lafcs. Mb.
Waco & No’ western.
B o s t o n & A lb a n y .*
S y r a c u s e G a n & C o r a .*
8 > ston & M a in e.*
li s t e r & D M a w «• «. *
B o s t-tn R . B . & L y n n .*
B r id g e t o n & S a c o R iv e r .* W a llltlU V a lle y .*
•Vast J e r s e y & S e a s h 'e .
F it c h b u r g .*
V a stern N . Y . & P au a .
G r a f t o n & D p to u .*
N e w R a g la n u*
M idd le W a t e r a.
N , y . N . £L & H a r t f o r d *
B a ll. Z a n e i v . & C lu .*
P h ila . R e a d jfc \ . 13. *
J n lc . x W c a t M ica .
V e r m o n t V a lle y .*
Jin. J a c k . & M i c £ .
J le v .C a a t o a & S n u th ’ n .
'Prank Lines,
O ley . L o r a in & W h e a ll n ? .
B a lt im o r e & O h io ,
i e r . C ln , C h ic . & S t. L . C o l. 3 in d u sfey A H ) 0 k .t
J o t . G d . R a p x W e it.
P e o r ia A E a s t e r n □ i t r o i t & M i c k i n $c.
B rie.
Slirtn J o l i e t X E a s t e r n ,
G ra n d T ru n k .
f l l a t & P e ru M vrq.
C a lc . & G d . T r u c k .
ir a n d R a o ils X ta d .
B et. G d . tta v . & MU.
I llin o is C e n tr a l.
N . Y. C e n t . & (I u d , R .*
I n d ia n a U liu o la & I o w a .
N .V . C h ic a g o & S t. L ,*
I r o n R a ilw a y .
P e a n j f i v , E a st o f P . & E,
V e s t o f P it t s . & E r ie .? C a u a w h a X M le h lg a a .
L a k e E n a AIL & S o u t h .
P h ila d e lp h ia & B r ie .
P lt t s b . C in . O h, & S t. L . L a k e E r ie X W e s t .
M v i ls t l q a e.
P it t s . Y o u n g s . & A s h .
P it t s , U s c o n fe W e s t .
V a ba sh .
P it t s b u r g & W e s t e r n .
S o u th d a v e e & E a stern .
A n th ra cite Goal.
T e r r e H lu t e X l a i ’ p ’ ils.*
C e n t r a l o f N ew J e r s e y .
. 't . L o i r s . V a n . X V. ML*
D el. & H u d s o n —
T e r r e H X L ig a n s p
A i b a i y & S u s q u e h ’ o a .*
I n d i a n a & L i k e S fiu h *
N . Y . A C a n a d a .*
T e r r e H a u t e x P e >r a *
R e n o s . & S a r a t o g a .*
E a s t St. L. X C a r o a d ’ t.*
D el. L a c k . & W
T o le d o X O h io G en era l.
N. Y . L a c * . & W e s t .*
S y r a c u s e B la g . & N. Y * T ot » e o r lt t ,& W.
T d o d o 3 t . L . & K a o .C l t f *
L e h ig h V a ll e y R R . i
L e h ig h V a ll e y G oal C o .t W a o a s h C u e s t e r & SV est.*
H. Y. O n t a r io & W e s t .
N o r th w e s te r n .
N. V . S u s q . *& W e s t .
B u r l. C e d a r R a p . & N o r .
3 h tla . & R e a d in g .
C u te. B a r i, x Q u in c y .
G oal & I r o n ,
O n ic . M il. X St. P a u l.
iunaratt B r a n o h .
L y k e n s V a l. C o a l,
C n l c a i o & 'f o r t h . P a o .
D e s M oln e* N X «V.
D uL 3 .S . & A t L *
E tstern A Middle.
id lr o n d a o k ,
I o w a C e n t r a l.
M in n , X S t. L o u is ,
U l e g h e n ? V a lle y .
A n n a p o lis W vsb . & B a l,* M inn. S t. P a u l X S. S. M.
,
B ath A H a m t n o n d s p o r * .+ G a in e y O m a h a & K . C,*
ia ff . t t o c n . x P it t s .
W is c o n s in C e n t r a l.
B u ffa lo A S u s q u e h a n n a .
S ou th o c s tc r a .
5a m o o r la n d v a l l o r .
A r k a n s is M l H a n d .
D u n k irk A l. V . & P.*
F all B r o o k .*
A t o a . T oo. X S a n ta F e.
•ohigh t, lu d R t? .*
O ttoo. O k la . X G u lf ,
L o n g Isla n d .*
’d o r a d o M t d la u 1.
N e w b u r g D u t c h . A C o n .*
D e a f e r X R io G r.
v . J e r s e y & S o w Y o r k .*
P t. W p r t b X D e n . C ity .
N. V . P h ila . & N o r f.*
N. Y. & R jo Il B e a ch .*
K an., G. F t i. X Me u
irL liern
.
tC in , C it y X N jrcb tw est.*
P h il. R e a d , & N e w E h g d R io f r a n d c 8 in t t t e r a
St J osep h X G d is im d .
P h il W ilru . & B a it .t
P it t s . C h a r. & Y o u g h ’ y.* it* L o u t s X i a u F r a n .
3 an A n t. & A r a a . P ass.
P r o s ‘ 601 P a r k & C . Isf.*
P ic ific C m st.
' vh& diaa P a 3iflo.
N e v a d a O e n t r * !.
N o r t a s r a P a c ifi c .
O r e g » t I 'C t p r o v e in a it .
O r e g o n S n o r t L in e .
R . .» G “a n d $ W a s t e r n ,
t i n . P ra u . X N o r t h . P a o .
8 ), P l o t d c .—
G a l. d u . X S. A .
L o u is . W e s t e r n .
M o r g t n 's L i . X T .
N. Y T i ? X M-sx
T e x a s X N ew O rle a n s .
P a c ific S y sce n
U n to i P i o l f l o - U . P- R y .
C sn tra l B ran co. A c.
A t c tt ’ n )o l. X P a o.
V is a lia & T u la r e .*
Saiithefn R l i d 4
A la b a m a G r e a t S m i h ’ a .
A la o a m i M id la n d .
A t ia n a X W p s P d n t .
A t l a n - io fc O in v l U e .
B irm l ig n a m fc V m n t l o ,
B r u u s w io * X W e s t e r n .
C e n t r a o f G e >rgia.
C a a r le s t o n X S a y a n n a h .
Ctt $s ip e a k e X G o t o .
C m . N. O , i T e x . ^ a c .
0 >lu n b a s N e w b X L ta r .*
*. Cent* & P e n in s u t a r .*
G a d s d e n & A t t a la D u .
ie o r g ia .
G e o r g ia & A la b a m a .
Ga. Seatoera x Eta.
J u l f vt C h ic a g o .
Jack. T am p a X K . W .
S a n . C it y M em x B ir.
L e x in g to n X E s ste rn .
L o u ls y , S e n d . X S t .L .
L o u is v i ll e fc S a s t t r ilie
M a c o n X B ir m in g h a m .
M e m p h is X C h a r l e s t o n .
M o b il e X B ir m in g h a m .
Nash. Chat* X i t . L o u is .
N r r fo lk * W e s t e r n .
f
O h io R iv e r .
Petersburg.
R ic h . KYed. & P o t .
R ich . X P e t e r s b u r g .
• av. F la . X W e s t e r n .
4
SU v. S p g s. O c a la & G u lf .
S o u th e rn R .a w a y
W a s t e *n o f A la b am a.
W e s t V a . C e n t. X P it t s .
W r ig h t s v. Jc T e n a i k e .
M m tcan Iliad*.
M e x ic a n C e n t r a l,
M j x l c a i I n t e r n a tlon a *.
M e x ic a n N a t io n a l.
M e x ic a n N ir t h a r n .
M o n te re y X M e x . G u lf,
• K or q u a r t e r o n l y .
f F o r m o n th o n ly .
JW e i n c lu d e t h jso itn ss I i o u r t a b i c h v t a k in g a n e s t i m a t e f o r 1806 o n w h lo h
t o b is 4 t lx ; inarm s* o r dtcreOMt r e p o r t e d f o r t h is y e a r .
With reference to the results for the three months
to March 31 our statement for that period is somewhat
. .1 2 .5 8 0 .5 1 8 !
2 1 r o a d s ) ...................’ $ 1 , 7 4 7 , 4 3 8
more comprehensive than that for the month, since a
'I'WPl1-*™* T on Weatora lines #138,000.
?
1T * nf «««*«wr, the Bros, number of roads make quarterly but not monthly re1 189,200 ftad
|
Total (representing
'
*
THE
Mat 22, 1897.]
C H R O N IC L E ,
983
turns. The final results, however, are not so good as
in the other case. In the gross there is a loss of
$3,935,324, or 1-90 per cent; in the net there
is an increase, hut it amounts to only $1,651,823,
or 2-88 per cent.
Moreover out of ten groups
no less than seven fall behind in the gross and
three fall behind in the net.
The contrast be
tween these results and those for the month serves to
give prominence to the fact that the course of earn
ings at the end of the quarter was much more satis
factory than at the beginning. Below we show the
gains and losses in excess of $100,000.
profits beyond a reasonable fixed per cent pass entirely into
the surplus and can not be distributed among the stockholders.
Their progress and success in Germany reads like a fairy
tale, and your valuable paper could confer no greater benefit
on the community than by giving a clear history and analy
sis of these banks and their methods, for as far as I know
there is no accurate description of them available in English.
It would seem a very easy thing for the Government to
distribute the necessary information on these banks in
all districts; to provide that every fourth-class postmaster
should, if required, serve as the clerk and custodian for
such a bank in his district without cost; that the surplus
funds of all organizations which passed out of existence
should be held in the Treasury until a new organization
P R IN C IP A L CH AN G ES IN G R O S S EA R N IN G S F O R 3 ?IO > ’ T H S .
should be formed. The results of such an organization may
D e crea ses.
In creases.
Mexican Central............ $757,430 Wabash............................ $271,085 be stated in a few words. Every county would have money
260,717 enough for its general business. In case of an usual need
Baltimore « Ohio..........
fc
577,919 Norfolk & Western.......
244,034
Chic. Burl. & Quincy...
533,667 Del. Lack. & West........
Burl. Ced. Raps. & No..
214,123 they would afford safe investment for the surplus funds of
Union Pacific ..............
361,877
193,009
Mexican National.........
265,760 Denver & Rio Grande..
/w rates of
Canadian Pacific..........
189,694 our piesent national and savings banks at
Chesapeake & Ohio.......
196,175
173.779 interest. They would make half the farmers of the country
Southern Railway.........
146,044 N. Y. N. Hav. & Hart...
Central of New Jersey.
167,797
St. Jos. & Grand Island.
142,104
150.486 into practical bankers and forever do away with wild
Georgia & Alabama___
119,984 New York Central. . . .
143,507 financial ideas.
Northern Central..........
111,514 N. Y . Chic. & St. Louis.
1 3 5 ,3 9
Clev. Cin. Chic. & St. L.
110,429 New England.................
The only apparent drawback to this system (in which it is
Iowa Central....................
132,216
Erie..................................
128,0*9
Total (representing
claimed that no depositor has ever lost a dollar) is that it
115,123
13 roads)................$3,322,903 Dul. So. Sh. & Atl..........
Fitchburg..........................
110,515 seems to eliminate entirely the element of greed ; and the
D ecreases.
103,233
Pennsylvania!................$1,237,700 Delaware & Hudson—
102,188 great obstacle to its introduction into this country is the
Chic Mil. & St. Paul. . .
9 18,141 Minn. St. P. & S. S. M ..
Phil. & R. an t C. & I . . .
673,630
fact that there is no chance for a speculator to make his
Tot-«l (representing
L.Val.RR.A L. Val.Coal.
396,921
36 roads)............... $6,415,119
Southern Pacific............
353.893
wad out of it.
Yours,
C. E. CHITTENDEN.
i
Covers lines directly operated east and west of Pittsburg and Erie. S c r a n t o n , P a .
The gross on Eastern lines decreased $587,100 and on Western
lines $650,600.
P R IN C IP A L CH AN G ES IN N E T EA R N IN G S F O R 3 3 I O N T I I S .
D ecreases.
I ncreaMCK.
Chicago Bari. & Quin.. $810,185 Atch. Top. & S. F e........ $445,376
226,232
Pennsylvania!...............
354,500 N. Y. N. H. A Hartford.
fc
Union Pacific.................
285,413 Phi la. & R. and Coal * I. 199,676
187,128
Leh.Val. RR.and L.V.C.
256,341 Erie ................................
185,410
Boston & Maine............
260,0*7 Baltim re & Ohio..........
141,718
Mexican Central............
244.711 Chic. Milw. A St. Paul..
119,682
Southern Railway.........
197.906 Louisville A Nashville .
108,834
Illinois Central..............
184,119 Del. Lack. A Western..
Mexican National.........
178,380
Total (representing
Grand T runk.................
147,745
10 roads)............... $1,614,056
Northern Central..........
144,753
Nrrfolk & Western........
136,937
Clev. Cin. Chic. & St. L.
125.966
Un. Pac. Denv. & Gulf.
112,019
8t. Jos. & Grand Island.
101,551
Total (representing
22 roads)............... $3,540,546
t Covers lines directly operated east and west of Pittsburg and
Erie; the tfroas on Eastern lines increased $280,100 and on Western
lines $74,400.
R A IF F E IS E N
M UTUAL
RURAL
BANKS.
SAVTN GS
To the Editor of the Chronicle:
S ir —A most interesting article in your last issue entitled
“ A Plan for Improving Borrowing Facilities” shows clearly
a condition of financial affairs among the poorer and the
thinly-settled portions of the country that cries aloud for
remedy. It is true that our national banking system is
applicable solely to the merchant, the manufacturer and
the speculator, and discriminates against the farmer; that
this discrimination, which is necessitated by the very nature
of the banking system, results in wild financial theories
among the agricultural and laboring classes that are liable
at any time to prove destructive to the prosperity of all
classes. The article also indicates but does not state clearly
a condition that is known to exist to those who have been
intimately associated with the classes in question, and that
is this: That in every county of the United States there is
cash money enough hoarded to supply with proper banking
facilities every legitimate demand of that county for money.
Of the remedy proposed by Mr. Dos Passos it is unnecessary
to criticise directly, further than to say that it would prob
ably prove advantageous after the long time required to win
its way to confidence, and after it had adjusted its relations
with the present banking conditions.
There would seem, however, to be another system which
would be likely to prove a natural and harmonious exten
sion of our present national savings banks and building and
loan associations, and would fulfill the ideal condition of
helping others by teaching them to help themselves. I refer
to the Raiffeisen mutual rural savings banks so successfully
worked by German and Italian peasants. These banks are
unlimited liability associations of the farmers of each local
ity. Like the stockless savings banks of New Ergland, the
pi ometarsg
©ommeucta
Uslxpew &
L o n d o n , S a t u r d a y , May 8, 1897.
(Prom our own correspondent. ]
What passed between the Emperor Francis Joseph and the
Czar during the visit of the former to St. Petersburg is not
yet known, but it is generally believed that the two Em
perors have come to a decision to exert all their influence to
keep the Balkan States quiet, and to prevent any alteration
in the Greek territories. A t all events, it appears certain
that the Vienna Government is quite satisfied with the re
sult of the visit. There is a rumor that Russia has already
come round to the views of this country, France and Italy.
The general belief is that the Powers are fully agreed that
Greece is not to lose any territory and that Crete is to re
ceive full home rule.
The new High Commissioner for South Africa has just
arrived in Cape Town and has been received very cordially.
Much is hoped from his tact, judgment and great ability,
but he has an exceedingly difficult business to manage.
Feeling is growing higher every day between the British
and the Boers in every part of South Africa. The Boers
are arming rapidly and are strongly adverse to any conces
sion. President Kruger is believed to be sincerely anxious
to avoid a quarrel, but his term of office is near expiration,
and next year he will stand for re-election. It is extremely
difficult for him, therefore, to seem to yield, and if he does
not the Uitlanders may become desperate. The Imperial
garrison in South Africa is being reinforced, and on the
Continent opinion is gradually turning against President
Kruger. The more influential part of the French press is
urging concessions and pointing out that if they are not
made British interference will be justified, iu Continental
opinion. Even in Germany, where the press, almost with
out exception, has been egging on the Boers, some very
influential papers are warning the public that owing to her
weakness at sea Germany can do nothing in South Africa ,
and that therefore the present attitude of the jingo press
is leading the Boers to their own destruction. Here, at
home, almost all reasonable men are opposed to interven
tion, but they feel at the same time that the decision really
lies with the South Africans.
A t the opening of the Valksraad this week President
Kruger made a very peaceful speech and expressed much
hope that a conflict would be avoided. Since then the Im
migration Act has been repealed, which seems to show that
the period of reform and concession has really begun, for
the Immigration Act was most offensive to the Uitlanders.
Under these circumstances markets are maintaining a
waiting attitude. Opinion is as strong as ever in the city
that war will be avoided both in Europe and in South A f-
C H R O N IC L E .
I* roa rs.
<
e
........ 30.975,068
February . . . . 97.v4S.t6i
M arch.. . . . . . .
40,965. I l l
Aiuii.............. 35.130.555
4 months... 152,934,781
M
89,473.856
37,470,736
£
38,860,750
+ 1 ,7 6 8 ,4 2 8
+ 2 ,2 8 9 ,3 8 4
-672,245
Per Ol.
+ 3*90
+ 4-98
+5*96
— 1*87
148,126,142
+4,838,639
+3*26
35,809,800
+ 1,501,812
The exports since -I iuuirv 1 have been as follows :
1897,
E
.
1 utltary..........
1890,
Difference.
£
s
xports
19,702.378
February....... 17,864,6-2
'larril............. 81.847,26#
April........ ..
19,70 ,122
'
21,1 *8,491
10,704.095
20,449,623
18,150,2*27
per m .
a
—1,38:,113
—1,8S'M13
+1,19*7,61t>
+1.249,865
—6 + 4
—9 33
+5*85
+6*77
4 months . 78,90S,309
79,750,438
-73*2,127
—0 9 1
The re-exports of foreign and colonial produce since Janu
ary 1 show the following contrast:
1897.
£
PE-RXPORTS.
.
f a r m e r y .......
February
1896.
M
..
— '1 2 8 . 5 5 9
5,617,393
5,224,138
Difference.
£
4 ,8 0 0 ,3 8 4
4 ,1 7 7 ,8 2 5
—39 1,135
M a r c h . . ..............
A p r i l .....................
5 ,2 7 0 .8 5 3
7 ,3 0 8 ,1 8 1
4 ,0 0 6 ,1 2 2
5 ,3 8 8 ,0 6 2
1 months .
21,958,157
*20,418*161
Per Ot.
-1 8 * 0 8
—7*00
+ 0 3 4 ,7 3 1
-1 ,9 2 0 ,1 1 9
+14*43
+35*63
+1.539,900
+7*54
The following return shows the position of the Bank of
England, the Bank rate of discount, the price of consols
&c., compared with the last three years :
m
vfl
May 6.
£
2-5.215,350
Circulation... . . . . . . . . . . . . . . . . . . .
13.70L.800
Public deposit?......... .
49,989,506
Other deposits.....................
15,200.785
Government securities..........
98,509,200
Other securities.................. .....
37,008,509
Reserve of notes and coin......
*7.123,859
Coin cebullion,both departm'ta
t
59
Crop, reserve to liabilities, .p. c.
2
Bank rate............. ..per cent.
11211-16
111 9-10
Oomols. 241 per cent...............
Sliver.................................... . 27 15-I6d.
8114*1.
Ciearmcr-House returns......... 138,987,000 101,137.000
♦ May P
.
1H 7.
P
May 5.
a
27.581.6X0
9,632 730
39,477,189
IS.8 24,585
27,735,289
25,469,105
31,253, ?15
51-54
1895.
May 8.
£
20,213,295
8,220,592
318)0,718
X3.431.0O0
18 885,011
*T,U*,7a5
32,928,050
85-4
2
106 5-18
*30544.
1894.
May 9.
£
25,342,485
7,010.010
20,333,208
9,739,907
20,788,15 7
23.847,870
32,190,155
««
2
100 5-10
rshta.
111,113,000
1»
—
Y, t ■wty-.-ne r*oof»U tes tS*» a » a ccid en t m a y o ccu r,
ftU,l „ v,tj U> )y, th- refo«'<*. is afraid to engage in new risks.
sh ard s {hit Am erican market, the failure o f the Senate
to ratUy ■lt' Ariotration Treaty has n o t made m uch im"
tit. --*, a, for i '• ryhotly bad long ago been prepared for the
r,.,n!t. it i« f. .i, tt iii that the Treaty was not rati tied, but
it i- b it, at the same tim e, that the tw o great English
speaking jieoples, w ith or w ithout a treaty, w ill be always
able to M-ttle ttn ir disputes in an am icable way.
The action of the Senate Com m ittee in regard to the tariff
i . ! . i upon as m ore im portant from a business point of
view.
yet w,.- have n ot inform ation enough to enable us
to judge what, the result o f that action is, except that it has
w ry materially changed the bill ns passed by the House of
Representatives. The main point here is, however, that the
di.-aui-non w ill bo prolonged, and therefore will put off for a
corned, -rablo time yet the hope of recovery in American
trade.
la (A-ntral anil South American securities there has not
be, n very much doing this week except that on one or two
days there was a sharp advance in Uruguayan bonds,caused
by a report that an arrangement had been made between
tin tw o contending parties. Since then, however, another
report has come, to the effect that the Government troops
have been very seriously defeated. International securities
art- fairly well maintained, and so are British stocks of all
kin i-. specially there has been a fair amount of business in
British railway stocks.
The gold shipments from New York have not had much
influence upon things here, as they have been expected for
some time, and it is not thought that in the early future, at
all events, they will reach a very great total. They have
rather, therefore, been welcomed. For some months there
has been an exceedingly' strong demand in London
for gold for Japan, Austria-Hungary and Russia, while
small sums have now and then gone to Paris and Berlin.
The Japanese demand of course is for the reform of the
currency and will continue, because the Chinese indemnity
enables Japan to take a large amount whenever it pleases.
The Austro-Hungarian demand is also alleged to be for the
tion of the reform of the currency, but nobody be
lt* . . . that that is the real object of taking the metal now,
since it seems incredible that with Europe in its present dis.
itiro i state, Austria-Hungary will immediately resume
so ,, b payments. The real purpose, therefore, is believed to
be to strengthen the war chest.
The Russian demand is in continuation of a policy that
has in en going on for many years. Already Russia has ac
cumulated nearly 130 millions sterling in gold, and, she ap
pears to be as far from satisfied as she was a dozen years ago.
and at every opportunity she adds to the accumulation. The
demand for France and Germany was partly owing to the
rmt ural desire of bankers to strengthen their reserves, in view
of eventualities in South Eastern Europe. The shipments
from New York have relieved this market, and it is hoped
hav. supplied Austria-Hungary, at all events, with as much
as for the moment, she has the means to acquire. In conse
quence, rates of interest and discount have declined here.
The rate for three months’ bills is barely one per cent.
The India Council is n o t successful in the sale of its drafts.
Ii "fieri :1 for tender on Wednesday 35 lacs and disposed of
J i than 2 14 lacs, the average price being Is. 2%d. per rupee.
l"
Th< Council is not very eager to sell and is holding out for
an impossible price. The exchange banks, on the other
hand, are hoping that money will become cheaper very soon
now. and besides, in the fear that famine, plague and dear
money may cause embarrassment among importers, they are
not desirous of pushing an active business.
The •Railway News” of London reports the traffic receipts
for the week ending May 2 of 55 railways of the United
Kingdom whioh make weekly returns at £1,019,304, against
£1,5*7,396 in the corresponding week of last year, an increase
of £01,908. For the eighteen weeks of the current half-year
receipt* were £27,504,918, an increase of £761,037.
The imports since January 1 hive been as follows ;
,
1897.
1896.
D iffe r e n c e .
|V L UvlV,
O.
§
THE
984
The rates for money have been as follows:
Interest allowed
for deposits by
Open Market Hates.
£
Trade Bills.
Bank Bills.
Dise’t B'tt
g Three Four
Three Four
Six
Stock At 7 to 14
Six
a
u Months Months Months Months Months Months Bankt. Call. Days.
a
1
1
+
154
% 1949154 «J#M4 iRa*
Apr. 9 254 1 1-16
M 15
T
1
u 1
154 1549194
m
154
254 i*®u<
* 23
4
1 5-16
l
H 1
154
194 mm
154 1»4®1H
“ 30 254 *
1
9 1
4
194
194 1949*3
is# IU&IM
11-16
1
1
1M
U 1
May 7
m
194
1W
3
»is-ie@-iw.
tn-ie@i>j
*is-ie®u+
iij+aiMo.
The Bank rate of discount and open market rates at the
chief Continental cities have been as follows:
Rates
May 7.
A p ril
SO
.
A p r il
23.
A p ril
10
of
Berlin............
tlamburg......
Frankfort......
Amsterdam...
Brussels.......
Vienna.....
it. Petersburg.
vladrld------ ’ onflr»hM
tr(»ri
Bank
O p en
Bank
Open
Bank
O pen
Bank
Open
R a te.
In te r e s t a t
M a rket
R a te
M a rket
R a te.
M a rket
R a te.
M arket
2
1%
2
m
3
3
•m
3
3
m
3
S
3
3
3
m
2
l~A
254
3
3
3
3
3
4
254
254
254
m
254
254
2
8
4
SM
0
m
*
i
4
&
i
0
6
4
m
2
sw
691
4
4
8
3
3
4
m
m
8
254
3
2
8
3«
4
6
m
6
5
4
4
4
5
4
85*
254
254
2
394
594
4
4
Messrs. Pixley & Abell write as follows under date of
May 6 :
Gold—All arrivals continue to he taken tor export, but not quite at
such high prices as have been recently ruling. The Bank has received
*2 3 7 ,OuO in sovereigns and has sold *1 3 0 ,000. Arrivals: Australia,
*4 26 ,0 0 0 ; New Zealand, .£22,000: Bombay, £ 74,000; Capetown,
£433,000; China, £88,000. Total. £1,0*23,000. Shipments: Bombay,
£ 32 ,0 00 ; Japan. £335,500. Total, *367,500.
Silver—The market fell slowly until yesterday evening, when a
slight improvement occurred in consequence of a large tender for de
livery to the Paris mint. A t to day’s price of 23d.. the market is now
steady. The price in Bombay is Rs. 76 par 100 tolahs. Arrivals:
New York, £126,000; Chili, £73,000. Total, £199,000. Shipments :
To Bombay, .653,500.
Mexican Dollars—With scarcely any business, the price is now 27qd.
The quotations for bullion are reported as follows:
Goto.
London Standard.
Bar gold, tine___os.
uar gold, pa,rting.oi6.
Spanish, old........ os.
New.. - .............07,.
D, S. gold coin... os.
Germ’ s gold coin.os.
French gold coin,ox.
May
ts.
s.
77
77
76
16
76
76
76
April
20.
d. 8
11 77
11% 78
0-c 76
’ h 76
i
5 -a 76
a% 76
3% 76
d.
I ll s
0
0*4
1*4
5*4
3+
3%
Silver .
London Standard.
Bar silver, tine.. .oss.
Bar B ver, eontain’g
il
do 5 grs. gold,0?,,
do 4, grs. gold -ok.
do 3 grs. gold.oz.
Cake silver ___ or.
Mexican dollars.os.
May
6
28
d.
28*s
28+ „
28%
30
27*4
April
•19.
d.
28*4
2K4i
28», g
28%
30+2
27 G
g
The following shows the imports of oereal produce into
the United Kingdom during the first thirty-five weeks of
the season compared with previous seasons:
IMPORTS.
1SQfi»7
1ftOS.fl
1 QQ/i^K
imports of wheat,owt. 45,934,630 44,390,170 46,472.866
Burley — .....................16,560,370 16,792,520 IS ,739.744
Oats...............................11,369,180
8,868.480
0,213,227
Pens.............................. 2,328,278
1.839,920
1,651.879
Seans............................ 1,965,010
2,322,902
2,992 34,2
Indian corn.................. 42,096,780 30,652,070 17,6*25,214
Flour.............................15,050,790 14,505,620 13,290,020
1 ftOft-A
39,694,015
22,423,909
8,748,983
1,781.340
3 682.328
21,985,439
12,778,189
THE
Ma y 22, 1897. J
CBKONICLE.
985
Supplies available for consumption (exclusive of stocks on
September 1):
---------1895_6
Of the above imports for the week in 1897 $56,509 were
American gold coin and $506 American silver coin. Of the
exports during the same time $500 0 0 were American gold
coin.
Total......................78.986,667 70,021,162
1896-7.
1895-6.
Aver, price wheat,week.2 7s. 9d.
25s. 8d.
Average price, seasoa. .28s. lid .
25s. Id.
— “ Chicago Securities” for 1897 has just been issued. This
is the seventh annual publication of this valuable manual of
coroorations whose s'ocks are li-ted or largely owned in
Chicago. The work aims to give in each crse extended and
full informa ion regarding the orgamz ition. There is also a
table of stock and bond values for live years, and a directory
of directors. Chicago Directory Co., puolishers, price $2 00.
1894-5.
1896-7.
1893-4.
Wheat imported, owt.4 5.934.630 44.390 470 46.472,866 39.694,015
Imports of flour........15.050.790 14,505.6 10 13.290,020 12,778,189
Sales of home-grown. 17.98L,247 11,125,072 15,476,141 16,572.534
75,241,027
1894-5.
20s. 9d.
19s. lOd.
69,044.738
1893-4.
24a. lO d .
258. l i d .
Tbe following shows obe qu&itities of wheat, flour and
maize afloat to the United Kingdom :
This week.
1.330,000
180.0 >0
715.000
Kiurltsn
K iu a a c ia l
1895.
3.318.000
305.000
188.000
1896.
2,050.000
245,000
470.000
Last. week.
Wheat..............qra. 1,275.000
Flour, equal to q rs... 205,*»OO
Maize.____ ...q r a ... 655.000
J?Iarfcet*—P e r C a b le.
The daily closing quotations for securities, &c. at London
are reported by cable as follows for the week ending May 21:
L ondon .
Jfon.
Tiiea.
281,6
113*4
113%
103 22
10*2
193s
55
: 6*2
74%
38%
12*4
29
95**
167*2
45%
70*2
11
101*4
14
26%
36%
53%
9%
7%
25%
6*2
12%
2'"T
%
113*2
11 3-» .
103 27
U
*5ft
19%
55*4
16%
75%
38%
1230
29%
95
167*2
45%
70%
11%
101*2
14%
26%
37%
53%
9%
7%
2638
6%
13%
Sat.
Silver, per ounce....... d.
Consols., new, 2% p.ets.
For account ..............
Fr’ch renteadn Paris)fr.
Atch Top. A Santa Fe.
Do
do
pref.
Canadian Paoiflc..........
Chesapeake A Ohio.......
Chic. Milw. A St. Paul
Dcnv. A Rio Gr., pref..
Erie, common...............
1st preferred..............
Illinois Central..........
Louisville A NashvilleMexican Central, 4s ...
Mo. Kan. A Tex., com..
N. Y. Cent’l A Hudson
N. Y. Ontario A West’ n
Norfolk A West’n, pref
No. Pac. oref .tr. recta.
Pennsylvania ..............
Phlla. A Read., per ab..
Soutb’n Railway, com..
Preferred.....................
Union Paciflo.................
Wabash, preferred.......
28’ , e
11.3*48
1137,*
103-32
1058
195s
55*4
163
*
74%
3812
12%
29
95
168
45
70%
11%
101*2
14
26%
37
53%
9%
8%
26*8
6=8
12%
Thurs.
Wed.
27V
113%
113 i,„
103-50
10%
2.,%
55*2
16%
75%
39*e
12 *2
30
95
167*2
46%
70*4
n%
101%
I4*s
27»4
37%
53%
9%
«%
26%
7%
13*4
Fri.
27%
27*2
113*2 113*2
1 3',„
113%
103 45 10342
10*2
i"%>
19%
19%
55
55*4
16%
16*2
75%
75*4
3 8 % ’ 38%
12*4
12*4
29*2
29*2
95
95
167*2
45%
45*2
70
70*4
u%
n%
101*2 101*2
14
14%
27 *2
2 %
37*2
37*2
53*8
53%
9%
9%
8
7%
26%
26%
6%
6%
13
12%
© o m mevcta l am i l^U scellaueaus 11 c xus
I m p o s t s a n d E x p o r t s f o r t h e W e e k .—The
following are
the imports at New York for the week ending for dry goods
May 13 and for the week ending for general merchandise
May 14; also totals since the beginning of the first week in
January.
FOREIGN IMPORTS AT NEW TORE.
For week.
1894.
1895.
1896.
1897.
Dry goods.......
$3,297,165
8.761,529
T o ta l........
Since Jan . 1.
Dry goods.......
Gen'i mer'dlse
$12,058,694
$8,074,780
$9,106,100
$8,143,358
$55,774 925
153,294,681
$50,681,563
133,820,174
$58,946,544
134,037,480
$34,108,003
131,501,491
Gen’l mer'dlse
$1,515,155
6,628,203
$1,607,424
7,498,676
$1,372,899
6,701.881
Total 19 weeks $209,069,606 $184,501,737 $192,984,024 $165,609,494
The following is a statement of the exports (exclusive of
»peoi«) from the port of New York to foreign ports for the
week e <ling May 17 and from January 1 to date :
KXFORTH FROM NKW YORK FOR THB WEEK.
1897.
For the week
Prev. reported
1896
$9,676,676
137,314,024
$8,095,384
134,731,359
1895.
1894.
$7,525,584
120,981,609
$**,149,215
132.321,933
Total 19 weeks $14 ,990 700 $142,826,743’$! 28,507,193 $139,471,148
1 he following La He shows me exports auil imports ot specie
at the port of New York for the weekending May 15 and
since .January l, 1897, and for the corresponding periods in
1396 and 1895:
EEPORTS AND IMPORTS OF SPECIE AT NEW TORS
Imi’ orff.
Exports.
Gold.
Week.
Fr» rn *
..............
Germany................
W t Indies
$*M
Mexico ... ..........
South America
Ail other countries.
rival 1897........
Total 1896.......
Tot a 1*95..
$2,290,2 4
570,0 0
Since Jan. 1.
$'*79,600
7.962,0 8
3, 70.000
482,792
Ween.
Since Jati.l.
$112,606
127,136
............
$49,191
4.423
18,032
............
10
972,314
48.983
209,081
157,538
$2,960.231 $13,101,606
4,819,K'9 28,059.9 58
103,922 34,197,061
$71,646
38,214
1,125,937
—In our advertising columns will be found reports of con
dition at close of business on May 14 of the following na
tional banks: City, American Exchange, Gallatin, Mercantile,
Chase, Continental and Market & Fulton.
— Messrs. Pfaelzer, Walker & Co., 53 State Str et, Boston,
issued under date of May 17 a quotation sheet of inactive
railroad bonds.
City Railroad Securities—Brokers’ Quotations.
Bid.
AClan. Ave., B’kiyn—
Ooo. 5s, g., 1931..AAO
Xmpt. 5s, g., 1934..JAJ
Bleek. St.&Ful.F.—Stk
1st mort., 7s, 1900. JAJ
B’ way & 7th Ave.—Stock
1st mort.,5s, 1904.JAI
3d mort., 5s, 1914.JAJ
B’way let,5s,guar.l92^
2d Sfl.int#. as rent’l_190f
Conao:. 5s, 1943...JAI
Brooklyn City—Stock....
Bklyn. Crosst’n5s. 190^
Bkl’n.Q’neCo.ASub.lsi
Bklyn.C.&N’ wt’wn—Stk
5s, 1939....... .................
Brooklyn Rapid Transit
5s, 1945.................A&O
*1nee Jan. 1.
Great Britain........
France ....... ........
jGernmny..................
West Itidies............
.Mexico ...... ............
South America.......
Ail other countries.
$691,900 $16,68 .310
638,000
207.6* *
(>
5.750
100
62,587
500
18.835
Total 1897........
1 Total 1 8 9 6 ...........
L Total 1 8 9 5 .......
$899,000 $17,411,982
9' 0,700 19,418,185
598,064 12,055,557
Week.
...........
Since Jan. 1.
$2,022
$4,150
43,729
2,700
13,880
1,000
72,438
481.075
291,077
25,568
$64,465
61,253
55,090
$873,180
933,942
536,886
Bid.
D. D. B. B. A Bat’v—Stk
1st, gold, 5s, 193 a. JA
Scrip................. . .
Eighth Avenue—Stock..
Scrip, 6s. a914___ ...
42d A Gr. St. Per.—Stoc*
42d St. Man. A 8t.N. A\
1st mort. 6s, 1910.M &
2d mort. income fis. JA.
Kings Co. Trac.—Stock..
-L.t>x.Ave.APav,Ferry £e
>
Metropolitan Traction.
Steiuway 1st 6s,’22. Jj: J
Nlnin Avenue—otoca..
Second Avenue—8tock.
1st mort.,5s,1909.M&J
Debenture 5s, 1909.J AJ
Ask.
150
114
5101
310
155
116
103
325
330
40
5116
66
340
50
118
69
117
106% 107%
160
130
108%
102
170
132
109
105
Third Avenue—Stock ..
147 148
1,0
121 123%
1st mort., 5s, 1937. JA
114 *2 Twenty-Third St.—St’k 300
117
100 103
Deb. 5s. 1903............
160
108
Union Ry—Stock........
103
1st 5a, 1942 ................. {104%
Westohest’r. lst.gu.,5e 599% 102
5 And aoorued interest.
Gas Securities—Brokers’ Quotations.
GAS COMPANIES.
Bid. Ask.
B’kiyn Union Gas—
Stock. 105 100
111%
195
78
Consumers’ (Jersey City). 74
100 102
180
Metropolitan—Bonds....... 105
248 252
N. f . A East Riv. let 5s. 110 111
90
98
Preferred..................
59
00
102% 104
Consol. 5s.................
GAS COMPANIES.
Bid.
Aak
Peoples’ (Jersey City)... 170 175
102%
105 ~
Equitable......................... 217 219
103 105
49
52
Bonds, 5s........................ 74
70
119 121
104 100
Common?......................
Western Gas................ . 63
06
94
95
Auction Sales.—Among other securities the following, not
regularly dealt in at the Board, were reoently sold at auotion:
By Messrs. R. Y . Harnett & C o.:
Shares.
Shares.
60 American Grocery Co.
67 Rub^am & H om n a n n
2d p r e f .......................$16 lot
Brew ing Co., Staple10 Standard Nat. Bank.......100
ton. 8 . 1....................... .. 42*3
Bonds
150 Staten laid. Ry. Co....5 3 -5 4
$300 N. Y. Retail Grocers*
10 Importers A Traders'
Nat. Bank................... ..5 3 4
Union 2d 6s, 1903................ 15
The report in Chronicle of May 8 of a sale of 100 shares Real
Estate Trust Co. stock at 100 was an error. The price should have
been 160.
By Messrs. Adrian H. Muller & Son :
Shares.
Shares.
30 Nat. Butchers & Drovers'
16 Cent P’feN.&E Riv.RR.170
Bank . ..
.............103
l Memb. N.Y. Produce Ex. $150
Bonds.
50 Home To'ephone Co. of
Lre ton, N. J *10 ea..$3 lot $1,000 Coot. Pk. N. & E Riv.
RR. Co 7s, 190 \ J&D.114*8 &int.
100 Eastman Fruit Dispatch
Co. of New Jersey........$5 lot $l,onO Dundee W at-r Power
< Land Co. of Pas.-aio,N.J.,
fc
350 Amer. Union Life Ius.< ’o. 4 )
1 st 7.8, 1922. MAS..............1 10*3
4 Eagle Fire Co. f N. Y ..2 4 0
$1,000 Me rile woId Pk. Hotel
25 ^tate Trust Co................ 195*3
Co. 1st 6s, 9o5. M A N .... 10
25 U. 8. Mtge. & Trust Co...226*3
R anking and Jfiuaucial.
Spencer T r a s k & Co.,
Imports.
Week.
5103 104
80
77
33
30
«106 108
200 205
5106 108
5110 113
5110V117
5104 108
119% 120
182 183
113
103 105
103 105
160
5110 112
20
21
195
1st M .,6s,1922...MA> 5115
Oen.Pk. N. AE.Riv.-8tk 181
Consol. 7s, 1902...JAD 113
Columbus A 9th Ave. 5* 116%
Ohrist’p’rAlOth St.—Stk 155
101
$1,500,532
18,104,6 '6
18,842,140
H Leer
i
Ask.
jr
B A N K E R S
A 2 9 P IN E S T R E E T ,
65 State Street, Albany.
I N V E S T M E N T
o
f
f
a
ALEXANDER
t
YOUR.
S E C U R I T I E S .
GEORGE BARCLAY MOFFAT.
M
NEW
&
W
h
i t
M. WHITE, JB
e
,
B NKEBS,
NO. 1
NASSAU
S T R E E T ,
-
E
INVESTM ENT SECURITIES.
YORK
THE CHRONICLE.
9 8 6
r h e
b a n k e r s '
P ian ette.
p r e m iu m ; N e w O r le a n s , b a n k , $1 50 p r e m iu m ; o o m m u o a l ,
3 5 c. p r e m iu m ; C h ic a g o , 55c. p e r §1,000 p r e m iu m ; S t. L o u is ,
6 0 c .@
. p e r §1,000 p r e m u m .
.
800
U IV 1 B S N D S .
Same o f Company,
H a t l r o a d a ( S t e a m ).
B ootoo A Maine com . (qanr.) —
O u w t - c i prrf atiiclu . . . . ----Centra:
p r e f -----Cht«. Bari. ,* Q ifnoy (quar.).......
1»*P> II* •
«**«*»».
Beet Telephone Mfg. (qn»r ) .......
-<
•
•
• (extra).......
•
Notional I e»4 prof. (q o »r ,t.........
euliw oll Bferee & suilth-Valie
Ptvf. tquar.) . . ...................
Per
Oenl.
l%
2%
75c.
1
When
Payable.
Books closed.
(Days inclusive.)
July
i May 30 to June 4
May 19
May 20
June 15 May 22 to Slay 27
l>!
July 10 ----------to ---- --------June 15 May 27 to June 15
2
June
1 May 21 to May 31
' A t rate o t 3 per cent per annum,
W A L L . S T R E E T . F R I D A T , M A Y 3 1 . I S O ? —1 F . M .
T he M oney M ark et and
F i n a n c i a l S i t u a t i o n .— T h e d is
c u s s io n o f C u b a n a ffa ir s h a s c o n t in u e d
t h is w e e k a t W a s h
in g t o n a n d t h e q u e s tio n as t o w h a t a c t i o n , i f a n y , s h o u ld
be
ta k e n b y th is c o u n t r y in r e g a r d t o t h o s e a ffa ir s is o n e o f t h e
a b s o r b ! > g t o p ic s in b u sin e ss c i r c l e s g e n e r a lly .
IVol. L .IV
iX
T h e P r e s i
U n it e d S t a t e s B o n d s .— S lies o f G o v e r n m e n t b o n d s a t t h e
B o a r d in c lu d e $116,000 4s, c o u p ,, 1025, a t 123 t o 1 2 1 U ;
§5,500 4s, c o u p ,, 1997, a t 1 1 2 t o 112*>£, a n d $31,5 ) ) 4 s, r e g ,,
1907, a t HO % t o 111. F o l l o w i n g a r e c lo s in g q u o t a t io n s :
Interest
Periods
2e, ----------------- reg
4s, 19 07.. ....... reg.
4e, 1 9 0 7 . . . . . . .coup.
is , 1925..............rpg.
4s, 1 9 2 5 .......... oouji.
5s, 1904..............reg.
5a, 1 9 04........... ooup.
6a, onr’o y ,’9 8 ...'-eg .
6a, on r’o y ,’B9.. ,r«g.
I s , (Cher.)18 9 8 .reg.
4a, (Cher. )1899. reg.
Mat/
15
m a r k e t f o r s e v e r a l d a y s p r e v io u s .
O n e o f th e p r o m in e n t e v e n t s o f t h e w e e k a t t h e E x c h a n g e
w a s a h e a v y l iq u id a t in g m o v e m e n t , a n d a d e c lin e o f o v e r 7
p er c e n t w i t h i n th r e e ..lay - o f l h e s h a r e s o f t h e C e n tr a l o f N e w
J e r s e y R a ilr o a d . W h e t h e r t h e m o v e m e n t is w h o ll y t h e r e s u lt
o f t h e a c t io n r e c e n t ly b e g u n a t A l b a n y t o in v e s t ig a t e t h e soc a lle d “ c o a l t r u s t ’ ’ it is n o t p o s s ib le a t p r e s e n t t o sta te.
T h e f o r e ig n p o l i t i c a l s it u a t io n h a s n o lo n g e r a n y p e r c e p t i
b le effect, a t t h is o e n t e r , a n d t h e g o l d e x p o r t m o v e m e n t is
lim it e d t h is w e e k t o §1,300,000 w h ic h h a s b e e n e n g a g e d fo r
s h ip m e n t t o -m o r r o w .
T h e fa v o r a b le c r o p r e p o r t s f r o m t h e N o r th w e s t a r e b e g in
M ay
19.
• 90 I* 90 “ 96 * 9 6
110% *110% 11«% i l l
112% *111 I 112% 112%
*122% *122% ' 122% *12 ia
123% 123 *'.22«<1 123
*113 ‘ 113 *113 *113
*1 1 3 % *U 3 “ 113 *113
*104 s “104% *104% *104%
T A A *107% *10', % * 107% ‘ 107%
M arch. *101 “ 101 :*101 *101
Maroh. *101 *101 1*101 *101
Q.-M.m
q.-.l lir.
Q.-Jan
Q .-F eb.
Q .-Feb.
Q .- Feb.
Q .-F eb.
95% * 98
111 ,*110%
112 1-112
122% '1 2 2 %
’ 122% 123
113 *113
l i t 1*113
>101% *104%
'107% *107%
•101 1*101
•101 |*101
■This Is the p rice Did at the m orning board, no sale was made.
U n it e d S t a t e s S u b - T r e a s u r y .— T h e f o l l o w i n g ta b le s h o w *
t h e d a ily r e ce ip ts an d p a y m e n ts a t t h e S u b -T r e a s u r y :
Dale.
Receipts.
Payments.
d e n t ’ s m e ssa g e t o C o n g r e s s w a s r e g a r d e d w i t h fa v o r a n d r e
s u lte d in a d e c id e d ly b e tte r t o n e a t t h e S t o c k E x c h a n g e a n d
a r e c o v e r y fr o m t h e d e p r e s s io n w h i c h h a d c h a r a c t e r iz e d t h e
I M a y | Jfuu :
I 17. j 18.
M ay,15
,. X 1
" 19
« 19
> 20
•
« 21
3,335,593
2,387,891
4,517,264
3,531,962
2,991, <77
5,261,590
$
3,211,935
3.273,013
2,874,550
3,05 <.192
2 ,6 '2 .8 0 3
3,374,103
Total
22,081,677
Balances.
Coin.
8
127,886,415
127,873,032
129,871,458
130,883,028
131,825,041
132,792,445
Ooin OerVsA C urren cy.
I
*
1.3 74,585
1,412,42 <
1.535,710
1.4 4,790
1,499,661
1,636,788
*
67,600,785
66,662.202
66,213.209
65 ,-61 .330
65,215,019
65,991,674
18,399.899
C o in s .— F o llo w in g a re t h e c u r r e n t q u o t a t io n s in g o l d f c r
c o in s :
S overeigns........ $4
87 ® $4 90 |Fine silver b a rs .. — 603,03 —60-80
N ap oleon s........ 3
86 ® 3 89 I F ive fra n cs.............. — 93 ® — 95%
X X Reiohmarks. 4 79 ® 4 84 M exican d olla rs.. - 4 7 % 9 — 49
25 Pesetas......... 4
77 ® 4 81 |Peruvian sols........ —42i-s1 ® -4 4 %
(J
Span. D oubloons.15 55 * 1 5 75 i E nglish silver . . . 4 86 ® 4 90
H ex. D ou bloon s.15 50 ® 15 75 U, 8. trade d ollars - 6 5 ® — 75
Fine gold b a r s ...
par® % prem I
S t a t e a n d R a i l r o a d B o n d s .— S a les o f S t a t e b o n d s a t t h e
B o a r d in c lu d e $22,009 V i r g i n i a f u id d e b t 3-3s o f 1991 a t 6 4 %
t o 65 ; §30,000 V ir g in ia d e e r re d t r u s t r e c e ip t s s t a m p e d a t 4 ;
p r o b a b le r a ilw a y e a rn iD g s f o r t h e la s t h a lf o f t h e y e a r , a n d
§1,000 A la b a m a C lass B a t 106 a n d §1,000 N o r t h C a r o lin a
ih e firm n e ss w it h w h ic h t h e g r a n g e r s t o c k s a re g e n e r a lly c o n . 4s s t 105,
T h e m a r k e t f o r raiL road b o n d s h a s b e e n g e n e r a 'l y s t e a d y
h e ld is a t t r ib u t e d in p a r t t o th e s e r e p o r ts .
In t b i m o n e y m a r k e t th e r e h a s b e e n a fa llin g o f f in th e o n a lim it e d v o lu m e o f b u sin e ss . T r a n s a c t io n s o f im p o r t a n c e
a r e cod fin e d t o a f e w issu es, a n d in m o s t c a s e s th e s e issu es
s u p p ly o f c o m m e r c ia l p a p e r , a n d e x tr e m e d u lln e s s is t h e f e a
h a v e m a d e f r a c t i o n a l g a in s . S t. L o u is & S a n F r a n o is e o 4s,
tu r e in all d e i a r tm e n ts .
in s y m p a t h y w it h t h e s h a r e s , h a v e a d v a n c e d 1 ^ p -r c e n t o n
T h e o p e n m a r k e t r a te s f o r c a ll lo a n s o n t h e S t o c k E x c h a n g e 1 m it e d sa les. A t c h i s o n g e o . 4s h a v e g a in e d 1 p o in t , t h e n e w
d u r in g t h e w e e k o n s t o c k a n d b o n d c o lla t e r a ls h a v e r a n g e d N o r . h e r n P a c if ic issu es, T e x a s & P a c if ic 1st 5s a n d S a n
A n t o n i o & A r a n s a s P a ss 4s a re f r a c t io n a lly h ig h e r t h a n la s t
fr o m 1 *% t o i 11 p er c e n t . T o -d a y ’s r a te s o n o a l l w e r e 1 % t o lb> w e e k . T h e w e a k fe a tu r e s o f t h e m a r k e t w e r e C e n t r a l o f
'
p e r c e n t . P r im e c o m m e r c ia l p a p e r Is q u o t e d a t % % t o 4 A £ p e r N e w J e r s e y g e n . 5s, w h ic h h a v e d e c lin e d n e a r ly 2 p o in t s
cen t.
w it h in t h e w e e k . F r a c t io n a l d e c lin e s a r e n o t e d in C h e s a
T h e B a n k o f E n g la n d w e e k l y s t a t e m e n t o n T h u r s d a y p e a k e & O h io g e n . 4 ^ s , C h ic a g o & N o r t h e r n P a c ifie s , C h ic a g o
s h o w e d a n in c r e a se in b u llio n o f £4 53,240 a n d th e p e r c e n t & E r ie I s ts a n d S o u t h e r n R a ilw a y 5s. T h e a c t iv e lis t in
a g e o f r e s e r v e t o lia b ilit ie s w a s 51’3 7 , a g a in s t 51 '40 la s t c lu d e s A t c h i s o n , C h e s a p e a k e & O h io , B u r lin g t o n & Q u in c y ,
w e e k ; th e d is c o u n t r a t e r e m a in s u n c h a n g e d a t 3 p e r c e n t . C e n t r a l o f N e w J e r s e y , E r ie . L i k e S h o r e , M is s o u r i K a n s a s
T h e B a n k o f F r a n c e s h o w s a n in o r e a s e o f 11,650,000 fr a n c s & T e x a s , N o r t h e r n P a c ific , O r e g o n R a ilw a y & N a v ig a t io n ,
In g o ld an d 4,250,000 fr a n c s in s ilv e r .
R e a d in g , S t. L o u is & S a n F r a n c is c o , S o u t h e r n R a ilw a y ,
T h e N e w Y o r k C it y C le a r in g -H o u s e b a n k s i n t h e ir s t a t e m e n t
T e x a s & P a o ific , U n io n P a c ific , W a b a s h a n d W e s t S h o r e b o n d s .
Of M a y 15 s h o w e d a n in c r e a s e in t h e r e s e r v e h e ld o f §357,400
a n d a s u rp lu s o v e r t h e r e q u ir e d r e s e r v e o f §44,490,500, a g a in s t
R a i l r o a d a n d M i s c e ll a n e o u s S t o c k s ,— E x c e p t in a f e w
$14,095,975 t h e p r e v io u s w e e k .
c a se s ih e lo w e s t q u o t a t io n s o f th e w e e k f o r r a ilr o a d s t o c k s
w e r e m a d e a t t h e o p e n in g o n M o n d a y . P r ic e s a d v a n c e d o n
XHJperen’sfr'm
1896
1897.
1895.
t h a t d a y u n d e r f h e in f lu e n c e o f t h e P r e s id e n t ’s m e -s a g e r e
May 15.
Prev. week.
May 16.
M ay 18.
s
g a r d in g t h e s t a t e o f a ffa ir s i n C u b a a n d a n im p r o v e d s e n ti
m e n t a b r o a d . T h e s e f a c t o r s c a u s e d a g e n e r a l b u y in g m o v e
%
*
*
*
C apital___ . . . . . . . 59,772,700
61,122,700 62,622,700 m e n t o n t h e p a r t o f r o o m t r a d e r s w h o w e r e s h o r t o f t h e
73.953,800
Burplua...............
74.138.800 71,951,500 m a r k e t , w it h t h e r e s u lt a b o v e m e n t io n e d .
Loan* & dl*o‘nta. 505,951,100 Inn ,1,031.000 476,458.400 495,303,100
S in c e M o n d a y t h e m a r k e t h a s b e e n s t e a d y t o fir m w i t h a
C ircu lation........ 14,4 84,100 Deo. 188,200 14.382.800 13,267,000
f e w n o t a b le e x c e p t io n s , m o s t c o n s p ic u o u s o f w h ic h a r e th e
88,132,200 In c. 561.500 Gojl 14,300 68,79S;iOO c o a l s t o c k s . T h e se h a v e b e e n w e a k u n d e r t h e in f lu e n c e o f
Specie.............
09,411,500 I n c . 295,90 0! 82,962,000 107,230,100 t h e a c t io n b e g u n b y t h e A t t o r n e y -G e n e r a l o f t h e S ta te o f
l* g * l tenders.
Reserve h e ld ....., 187,543,700 I n c . 88 7,400! 143,076,300 176.032,500 N e w Y o r k t o in v e s t ig a t e t h e a lle g e d “ c o a l t r u s t ” a n d t h e e f
Legal reserve___ 143.053,200 I n c . 462,875:124,498,325 138,441,600
f o r t s t o c a u s e a d e la y o f t h e in v e s t ig a t io n o n t h e p x r t o f t h e
8orplu» r e s e r v e 44,490,500 L ie. 391,525 18.577.9751 37,587,900 o o a l r o a d o ffic ia ls .
O n W e d n e s d a y a n d T h u rsd a y C en tra l o f N e w J e rs e y w as
F o r e i g n E x c h a n g e .— T h e m a r k e t f o r f o r e ig n e x c h a n g e h a s b y fa r t h e m o s t "a c tiv e s t o o k o n th e r a ilr o a d lis t , a n d d e c lin e d
b e e n d u ll a n d e a s y in t o n e , w i t h q u o t a t io n s p r a o t io a lly u n t o 6 9 !^ . t h e lo w e s t p r ie s a t w h ic h it h a s s o ld s in c e 1887, a n d
chan ged.
a d e c lin e o f o v e r 10 p o in t s w i t h i n t e n d a y s . T h is s t o c k
T o -d a y 's a c t u a l r a te s o f e x c h a n g e w a r e a s f o l l o w s : B a n k e r s , w a s a c t iv e a g a in t o -d a y a n d a d v a n c e d o v e r 2 p o in t s f r o m t h e
a lx t y d a y s ’ s t e r lin g , 4 8(J@4 8 6 h i'; d e m a n d , 4 S 7 W @ i S 7 1 ; lo w e s t . D e la w a r e & H u d s o n h a d lo s t t h r e e p o in t s o n T h u r s
.4
c o b le s , 4 8 7 > f# 4 87J£.
d ay , b u t has re co v e re d so m e w h a t to d a y . T h e g ra n g er an d
t r u n k lin e s h a r e s h a v e b e e n s t r o n g o n t h e fa v o r a b le c o n
P o ste d rates o f le a d in g b a n k e r s fo l l o w :
d it io n o f o r o p s in t h e N o r t h w e s t .
C h ic a g o G a s h a s b e e n th e p r o m in e n t fe a t u r e o f t h e m is c e l
May 21,
Sixty Days.
Demand.
la n e o u s list. T h e to ta l t r a n s a c t io n s in i t h a v e b e e n la r g e a n d
fhrlwj?, . . .
aterilng bill* on London..
4 87
4 88® 4 88%
it d e c lin e d o v e r t h r e e p o in t s o n W e d n e s d a y w h » n i t w a s a n
...........
4C -ct»l..................................... 4 8 5 % » 4 85%
A pril............... 3 fcom m erolai......................... 4 85 » 4 85%
n o u n c e d t h a t t h e c o n s o lid a t io n b ill h a d b e e n d e fe a t e d in th e
51fi% ® 5 103io 5 141%„®5 15 I llin o is L e g is la t u r e , b u t d o s e s w it h o n l y a fr a c t io n a l n e t loss.
4 m onth. . 1-VaiMers) b&nkftrft. .............. 40% 3,101,0
4 0 % »4 0 % s
G e n e r a l E le c t r ic d e c lin e d
p e r c e n t o n t h e s a le o f a lim it e d
jretnen (rniohroarksi b’ keni 95 % »9 8 8 i*
9 5 % ® 9 5 ll,g
n u m b e r o f s h a r e s b u t h a s r e g a in e d a p a r t o f t h e lo s s . W e s t
m g w e r e t h e r a te s o f d o m e s t ic e x c h a n g e o n N e w e r n U n io n h a s b e e n s t r o n g o n t h e g e n e r a l e x p e c t a t io n t h a t
’ d e r -m e n tlo n e d c i t i e s t o - d a y : S a v a n n a h , b u y in g t h e r e g u la r d iv id e n d w ill b e d e c la r e d . A m e r i o t n S u g a r h a s
.s e l l i n g p a r ; C h a r le s t o n , b u y in g p a r , s e llin g % I b e e n n e g le c t e d , c lo s in g a t a n e t a d v a n c e o f % .
n in g to b e r e g a r d e d w it h in t e r e s t b y th o s e w h o a r e e s t im a tin g
THE CHRONICLE.
M a t 22, 1897.1
NEW
9 8 7
Y O B K S T O C K E X C H A N G E --4 C T .Z F .E S T O C K S f o r w eek e n d in g M A Y 2 1 , a n d s in c e J A N . 1 , 1 8 9 7 .
Sales of
Range for year 1897.
the
On basis o f 100 -share lots. J
Week,
Shares.
Lowest.
Highest.
HIGHEST AND LOWEST PRICES.
Saturday,
May 15.
Monday,
May 17.
Tuesday,
May 18.
Wednesday,
May 19.
10*4 1038 10V 105g 103a 1038
1«78 1918 1938 193*
19V 193*!
V *
%
V
v
Ilia 1 1 % 113a 11*2 1118 1114
11% 1130
'2 0
21
r20
21 I *20
21
*20
21
"5338 543e 54H 54i* *537 547
54
8
s
54
47 j '46% 47i* 463* 4714
4 6 ^ *46
*46
753s 7 0 7
8 747s 76i*! 73i* 75
7o%
7 5k
v
8
9
9
9 i *77s 878
*8
*814
1638
16
16
1 6 V 1618 1618
......... 1
§151 152
*150 .........*150
72% 731* 723s 7314 7314
7414 ' 737 7430
8
*40
50 |*40
50 j *40
50
*40
50
*95
98 |*95
98
*95
98
*95
98
7238 73i8 721* 73*8 73i* 74H 737 7414
8
132 132 §131V 1313* §132 132 *132 132V
1031*10414 103 78 104 V 104V 1043* 10478 105 H
.................... 1 ..................... .................... *1541*155
62
63
62i* 6338 63
63i* 63V 635*
55
553* 55** 56*4 557e 56V 563s 563s
*138 145 *138 145 *138 145 *138 145
273* 277s *27% 28V
21% 283*! *28V 29
Thursday,
May 20.
lOis
STOCKS.
Friday,
May 21.
1 0 V IOI4
1912 193s
v .........
12
*1114
21 | § 1 3 *
5 4 k 1 *53%
463s *46 %
73 I 69%
*8
9
15%
1618
.......
148
74% x72%
50 I*40
98 ! *95
73^8 73%
132 §132
104% 104%
A c tiv e R R , S to c k s .
1030 Atchison Topeka & Santa Fe.
3,975
8,555
9% Apr. 19 12% Mar. 3
17 Apr. 19 25% Jan. 30% Apr. 7
% Jan. 14
1,200 11% May 15 18 Jan. 8
115* Baltimore < Ohio.....................
fc
*1118
23 18% Jan. 7 21% Feb. 11
*20
19% Brooklyn Rapid Transit.........
100 46% Mar. 29 56 Jan. 8
*53
54^8 Canadian Pacific....................
360 44% Jan. 13 51% Mar. 17
463s
47 jCanada Southern....................
71% 1
Central of New Jersey............ 102,712 69% May 20 103% Jan. 19
69*4
9 [Central Pacific..........................
*8
.........| 7% Apr. 20 15 Jan. 5
16 Chesapeake < Ohio.................
fe
3,950[ 1 5 % Mar. 29 18% Mar. 15
1618
150
..
153% Chicago & Alton......................
37 $151' Mav 7 $170 Mar. 1
73%
73%!Chicago Burlington & Quincy 75,369 69% Jan. 5 78% Mar. 18
40
50 jChicago < Eastern Illinois...
fe
......... 45 Mar. 13 45 Mar. 13
95
98 I
Do
pref.
.........$95 Jan. 8 $98% Feb. 3
73%
74% Chicago Milwaukee & St. Paul 67,154 (59% Apr. 19 78% Mar. 15
132
132
Do
pref.
342.130% May 6 138% Mar. 18
104%
105 Chicago < Northwestern.......
fc
4,637-101% Apr. 19110% Mar. 17
57 153 Jan. 12 155 Feb. 20
do
pref.
627e 63is 63%______ , Chicago Rook Island & Pacific 14,430 60% Apr. 19 70 Jan. 16
___ 63%
_ ___________________
55% 5 6 V 56% 57% Chicago St. Paul Minn. A Om 15,515 47 Jan. 2 617s Mar. 17
138
145 1*138
145 !
Do
pref.
133% Jan. 18 143 Mar. 29
647 26% Feb. 16: 33% Mar. 17
27% 28%i $277 2778 Cleve. Cincin. Ctilo. A St. J....
e
73 Jan. 4j 80 May 6
....................
................L , Do
pref.
750
*134 2%
*1%
2%
1% Apr. 30; 18 Jan. 8
*1%
2V
2%
2 % Columbus Hooking VaLATol
•1%
178
1%
40 Jan. 21! 46 Jan. 21
....................
................L
Do
pref.
22,912
103% Delaware A Hudson................... 99% Apr. 1121% Jan. 6
104% 104% 104% 105% 104 104V 103 V 105 V 101% 103% 102%
4,500 146% May 20 157% Jan. 18
148 148
147% 148
14*% 148% 148% 149% 146% 147% 146% 148% DeiawareLaokawannaAWest
*9 %
j. . . . . . ___.. . Denver A Rio Grande
'9% 11
9% Apr. 20 12% Jan. 19
Do
50 36 Apr. 20 43% Feb. 1
§36% 36% *37% ]
*37% 39
*37% 38%
pref.
E rie............................................
4
100 11% Apr. 19 15% Jan. 18
-11% 1 1
12
*12
*11% 12
1 2 % *1 1 3 1 2 %
27 Apr. 19; 35% Jan. 18
Do
1st pref.
50 18 Mar. 291 21 Jan. 15
.1
*13
17
*14
17
•14% 16
$16
16 „
Do
2d pref.
.
$24% Feb. 13 $24% Feb. 13
............... Evansville A Terre Hante____
.i
*120 123 j 120 125 *120 125 *120 125 *120 125
120 Jan. 16 122 Feb. 5
>120 125 Great Northern, pref.
40 91% Apr. 19 96% Mar. 16
*92% 94 I §93% 93% *93
94
*92% 94
*92% 94
9 4 Illinois Central..........
*93
6%
*5%
8 Jan. 16
6 % Iowa Central..............
*5%
6%
*5%
6%
*5%
6%
*5%
6%
6 Apr. 15
*5%
*2 o
25 j •20
24% Mar. 18 27% Jan. 20
25
*18
22% *18
23
A
18
23
*18
23
Do
pref.
* 1 2 % 14% *12% 15
'12% 14% *12% 14% *12% 14%
13 May 11 18% Jan. 18
* 1 2 % 1 4 %]LakeErie & Western
45 53% Apr. 1 70% Jan. 20
*61
64
*61
64
*60
64
§62% 64
*60
63
64
Do
pref.
*60
*162 164
162 163% 163% 163% *103% 164% §164% 164% 163 163 jLake Shore A Mioh. Southern.
7 1 6 1 5 2 'J a n . 2 1 7 2 Mar. 1
43 I
Long Island
*41
48
310] 41 Apr. 2; 55 Jan. 8
*41
48
*41
48 i 42
42
1§43
43
*40
4 3% 43%
43% 4 43g 44% 45% 44% 45%' 44
44%
4 4 % 4 4 %:Louisville A Nashville............ 17,650 40% Apr. 19; 52% Jan. 19
84% 85
83% 84%
84% 85% 84% 85%
84% 85%
84% 85%'ManhattanElevated,consol.. 18,196 31% May 6 ; 93 Mar. 2
2,436 99% May3 110% Jan.
5
1047s 1047 *104 105% 104% 105
s
105 107% 106% 106%'Metropolitan Traction..
104 105
10 90 Jan.28 100 Mar. 15
....... ............-Michigan C e n tr a l.........
16 May 14 19% Jan. 29
*15
18
*16
*16
*16
17%;Minneapolis & St. Louis.
18
18
*16
*16
18
18
65 77% Mar. 18 79% Jan. 18
75
$75
*75
77
■75
77
*75
77
Do
1st pref.
*75
77
*75
77
2 46 Feb. 26 48% Mar. 18
-44% 46
*44
•44
46
$44% 44% 1
Do
2d pref.
45% ‘ 43% 44% *43% 46
600 10 Apr. 19 14% Jan. 18
11
11
11
11
11
11
11
10% 10%;Mis8OurlEansas A Texas___
11
11
11
1,510 24% Apr. 19 32% Mar. 18
26% 27
27
27
27
27
27
Do
pref
27% 27% 27
26% 27%
3,139 10 May
6 24% Jan. 18
12
13
1 2 % 1 2 %: 512 % 1 2 % Missouri Paclflo.......................
12% 1 2 % *12% 13%
12=8 13
20 Mar. 26 22% Jan. 12
*17
16
20 [ *16
20 [MobileAOhlo............................
zo
‘ 17
20
20
*17
20
*17
$70 Jan. 25 $70 Jan. 25
.................. ! .....................jNashv.Chattanooga&St.Lottis
3 7 New Enxland......... ...............
$44 Mar. 18:$44 Mar. 18
37 *......... 37
37
1
......... 37
37 1
4,C29 92% Feb. 18 102 Mar. 22
99% 99%
99% 9 9 %!New York Central & Hudson.
99% 99%
99% 100
98=8 98%: 987S 99%
13
*11% 13
11 Feb. 11 14% Mar. 15
*11
13
- 1 1 % 13 New YorkChloago & 8 t. Louis
11
13
*11% 127s *11
73
75 *......... 75
*63
67% Apr. 15 75 Mar. 17
*65
63
Do
1st pref.
73
‘ 60
*60
75
75
200 24 Feb. 10 347s Mar. 17
25
*24
27
25
25% 25%
25
27% *24% 27
Do
2d pref.
27% •24
10 160 Feb. 2 $178 Jan. 4
*166 169 $165% 165% *165 170
■166 168 §166 166 New YorkNewHaven* Hart.
166 169
979 12% Apr. 19 15% Jan. 18
*13% 14
13% 13%
13% 13%
13% 13% New York Ontario A Western.
13% 13%
$13% 13%
9% Jan. 18
100
7 Apr. 1
7
7
*7
8 I
7%
7% New York Susq. A West., new.
*6%
*7
*7%
7%
♦7%
7%
3,090 18% May 20 26% Jan. 18
19% 20% *19% 19%j 19% 19%
*197s 20%
18% 19
19
19%
Do
pref.
14% Mar. 11
|
*10
11
9 Apr. 19
Norfolk & Western.................
*9% 1 0 % *1 0 % 11% *10% 11% *10
1 0 % *10
11
1,153 2 2 % May 5 28% Mar. 4
25% 25%
*25% 27
26
26
*25% 27
27
Do
pref.
26% ! 27% 28
$1 2 % 1 2 %
1,513 11 Apr. 19 16% Feb. 1
12
12%
1 2 % 1 2 % *1 2 % 1 2 % Nor. Paclflo Ry. voting tr.ctfs.
12% 12%
12% 12%
6,177 32% Jan. 5 38% Feb. 24
35% 80%
3 5 7 36
s
36% 36%
Do
pref.
36% 3fl7s 36% 36%' 36% 36%
20
*12
*10
$10 Apr. 20 $17% Jan. 18
*10
20
10
18
12
20
*12
18 Or. RR. A Nav.Co.vot.tr.otfs.
18
"863 37 7 Jan. 8 48 May 17
$46% 46%
47
48
Do pref., vot. trust.ctfs.
s
48 ! $47
48
48
*47% 49%
$47% 48%
11% Mar. 29 14 Jan. 21
1 1 % 1 2 % *11% 1 2 % *11% 1 2 % *1 1 % 1 2 % ‘ 1 1 % 1 2 % Pittsburg Ginn. Chlo. A 8 t. L.
* 1 1 % 13%
110 47 May 4 50 Feb. 1
*47% 49% '45
50
$47
47% 47% *44
Do
pref.
47
50
48
*46
17% 18%
18
18%
17% 18
17% 18% Reading, voting tr. certlrs... 15,695 116% Apr. 19 19% May 10
18
177s 18%
18%
4,156 138% Apr. 19 42% Apr. 8
39% 40
39% 39%
40
40
39% 39% 1 st pref., voting tr. oertifs.
39% 39%
39% 40%
1,680 122% Apr. 19 257s Apr. 9
*23% 24
■23% 24
23% 23%
23% 23%
24
24
23% 23% 2 d pref., voting tr. certlfs.
Rio Grande Western.............. .
24!$116 Mar. 8 $119 Jan. 18
$117% 118
117 119
117 119 Rome W atertown A Ogdensb
*117 119
117 119
1 2 0 ,$6 0 % M ay 11 62 May 20
*60
65
62
62
62
64 St. Louis Alt. A T. H.,tr.reots
*60
65
*60
*60
65 ! *61
5 7 Feb 4
e
1,092
4%
*"*"
4 Apr. 19
4%
5% St. L. A San Fr., vot. tr. ctfs
4%
*4
5%
5
*4%
4%
4%
4%
5%
3,177 37 Jan. 29 43% May 19
*38% 39%
39% 39%; 39% 41%, 42% 43%
42% 43
Do
1st pref.
41% 42%
3,393 12 Apr. 15 16 Feb. 3
-13% 14% *13
14% 14% 14% 147a
Do
2d pref.
13%: 14
14
14
14%
4% Jan. 18
•2%
1 Apr. 1
3%
3% St. Louis Southwestern...........
*2%
*2 %
*2 %
3%
3%
•2%
3%
3%' *2%
100
3% Apr. 1 11% Jan. 18
*6
6%
6%
Do
pref.
6%
*6%
6%
*6 %
*6 %
6%
6%
6%
*6%
20 Jan. 4 22% Jan. 13
22
22 8 t. Paul A Duluth.. . . . ......... .
*15
22
22 j *15
*15
*15
*15
22
22
*15
75 Apr. 20 $87 Feb. 3
*70
87
87
Do
pref.
*70
87
*70
*70
87
*70
87
87
*70
10 114 Jan. 28 118 Mar. 3
*115 120
>115 120 *115 120 $118 118
'116 120
116 120 St. Paul Minn. A Manitoba...
1,140 13% Jan. 13 15% Jan. 18
15 Southern P aolfloO o..............
14% 1 4 %: 14% 14%
14% 14%
14% 14% 14% 14% *14
7 Apr. 19 10 Jan. 16
1,352
7% Southern,voting trust, oertlf.
7%
7%
$7%
7%
7%
7%
7%
7%
7%
7%
7%
sJan. 19
7,627 22% Apr 19 297
s Do pref., voting trust, oert.
24% 25%: 25% 26
25% 25%
25% 257s 25% 257
26
26%
8 Apr. 1 10% Jan. 18
929
9 Texas A Paotflo............. .........
-8
9
*8 %
8%;
*8 %
9
8%
8%
8%
•8%
9
4% Apr. 19 10 Jan. 5
8,920
6 % Union Paoltlo trust reoelpts..
6%
8%
6%
6%
6%
6%
$6 %
6%
7%
6%
7%
2% Jan. 6
1 Apr. 24
200
1 % Union Paclflo Denver A Gnlf.
1%
*1%
1%
1%
*1%
1%
*1 %
*1%
1%
1%
1%
7% Jan. 16
4% Mar. 29
100
5% W abash.......... .. ......................
5
5
*4%
*5
5%
5%
*5
5%| *47s
5%
*5
425 11% Apr. 19 17% Jan. 18
Do
pref.
1 2 % 1 2 %: 1 2 % 1 2 % *1 2 % 13% *1 2 % 13%
1 2 % *12% 12 7s ,
12%
6% Jan. 2
% Apr. 23
310
1 Wheeling A Lake E r i e ........
*1
1
*1
1
*7S i%
1%
1%
1
" ’a
1%
2% Apr. 15 29 Jan. 5
121
?%
Do
pref.
*2%
3%
*2%
3%
*2 %
2%
*2%
3%
3%
2%
$2%
2% Jan. 6
1% Mar. 31
1% Wiso. Con. Oo„ voting tr. otfs.
*1
*1
*1
*1
1%
1%
i%[
m is c e lla n e o u s S to c k s .
1 10 Apr. 28 14% Jan. 16
11
*10
11
*10
11 |
*10 11
*10 11 Amerloan Cotton Oil Co.........
9% *10
161 52% Feb. 16 59% May 11
Do
pref.
*54
54%
*54 54%
$53% 54%
$54% 5 4 % 55
55
4 l H 55
©
9% Apr. 23 14% Jan
8,627
U 0% 107
10% 10%
10% 10% Amerloan Spirits Mfg. Co___
s 1 0 % 1 0 % •1 0 % 1 0 % *10% 10%
698 26 Jan. 5 347s Mar. 15
Do
pref.
28% 28%
29% *28% 29% §27% 27% 28% 28%
*28
29
29%
112% 113% 112% 113% 112% 113% Amerioan Sugar Refining Co. 53,729 109% Mar. 29 118% Mar. 3
112% 112% 112% 113% 113% 114
1,308 100% Jan. 7 105% Mar. 15
Do
pref.
103 103 $103% 104 | 104 104
103% 103% $103 103% 103% 103%
70% 71%
70% 70%
69% 70% Amerloan Tobacoo Co............ 16,182 67% Feb. 15 79% Jan. 14
69% 70%i 70% 71%
70% 70%
516 100 Feb. 11 108 Mar. 12
Do
pref.
....................$103
103% $104% 104%
104 104% $103 103
101 . . . .
7% Apr. 17 13% Jan. 6
850
■%
8
9%
9%;
8 % 8 %j
8 % 8 % Bay State Gas
9
10
8%
9%
82% 79% 80%
80
81% OhloagoGas Co.,oerts. of dep. 161,405 73% Jan. 5 84% Apr. 18
79% 81%
78% 81%
81% 82%
2,685 136% Jan. 2 164 May 7
159% 160% 160 160
1607s 160% 160 160% $160 160%|*15?% 161 [Consolidated Gas Coinpany..
22,969 28% May 17 36% Feb. 2
31
31
28% 30%
29%' 29% 30% General Eleotrio Co.
29% 29 7s 29
28% 29%
2,257 217s Feb. 16 26% Jan. 19
24% National Lead Co
24
*23% 24
*23% 24%
24% 24%
25% 25%
24% 25%
897 88% Feb. 13 94 May 18
pref.
94%
Do
$94
$92% 92% $93
$92% 94
93
93
93
92% 94
5 Jan. 18
3% Apr. 20
538
*4%
4% North Amerloan C o ...
4%
*3%
4%
4%
4%;
*4%
4%
4%
4%
4%
5,284 24 J an. 9 28% May 11
27 Paolflo Mall.................
26%
26
27
27% Z26
26%
26% 26%
25% 26% 26
*90 ___ Pipe Line Certificates.
•85 .........
*85
*89%
89%
*89%
638 152 Jan. 2 163 Mar. 3
157 157 Pullman Palace Oar Company
157% 157% $157 157% $156% 156% 157% 157% 157 157
61 May 13 65% Jan. 37
_
♦60
60% *60% 60% Sliver Bullion Oertlfl oates___
*61%
*61% 61% •61% 61% *60% 61
6% Mar. 29 11% Jan. 19
840
6 % Standard Rope A Twine
6%
7
6%
6%
6%
7
7
6%
8%
6%
17% 18 Tennessee Coal Iron A R R ... 15,221 17 May 20 31 Jan. 18
17%
18% 19%
18% 19
19%
19
177s 19%
9% Jan. 19
6% Apr. 19
225
7%
*8 %
7
6 7s
6 7s United States Leather Co.......
*6%
*6%
7
7
7
$67s
6 7s
6,665 50 Apr. 22 64 Jan. 18
Do
pref.
52% 53
53% 53%
52% 53%
54
54%
53% 54%
53% 54
1,287 12% May 21 25% J an. 19
12% 13 United States Rubber Co.......
12% 12% $12% 12% $12
127
s 12% 13% *12% 13%
1,783 61 Mar. 29 76 % Jan. 5
Do
prof.
62
61% 62
62%
*62
64
63
62
62
62%
$81% 64
77% 78% Western Union Telegraph. — 23,375 75% May 7 86 % Mar. 17
76% 77% 77
76% 77%
77% 777
s 77% 77%
78
10*8 10>4
19
19*4
1914
195a!
Do
prel.
14 Atlantic & Pacific...................
H
i?
'These are bid and asked; no sale made.
$ Less than 100 shares.
1 Range dates from listing on Exohange, April 8.
THE CHRONICLE.
fV LX1V
oL.
,
v: f v>Jiv sr>)C r.X II.iN PlilCIM (C U > —Va.ffrrFi? S T O C K S ,
<*
K C 'JB
i»n ttii .l| /
JEjUl0 $ f i s k s} tn 1897.
Mil J ft *
,
f l%tamimrnii.nu&*
Bid,
,. to o
.,1 00
m \ s Y 4i.r
pt^i ..100
Ut*e.hmi#T A P im b a r f . i d o
, ,100
Uitsi. CmlJkf
A Wm, ., ..t o o
176
9
SS
HiS
Ask-
10
;i « «
66
.....
Turnip a Wlit^ek pttS. ,, lo'o
164
C c i * «n4 A fUUtiahC- . . . . . . ... AO 0 a
9
6
i w U<\n<+ A t m lKnl»re.... ,.100
S8
75
s%
p frt
r
,........,
. .100
8
5>*
... 60
M
A T«Jte II«
r u a t A For©
toft# *., •
•..1 0 0
;jpit«to£¥ws ..1 0 0
40
Bay A
a.
30
50
na>, . '-nr.- a . ..................... .1000
3fl
2
4%
.1000
D»ib. mfti*-. 11.
6
3
k i r > , t.a A Mieblktm—. . . . . . ...lot.
4
K <.akuk m Pfr# M oines...».. . - 1 0 0
.
2
PmMmrmi, . . . . . . . . . . . . . . . . . . .
1C=B 14
K m kuk -k Western
..1 00
. JOC
....................
..IOC
{
..1 0 0
Katiooai fr .
i '4
163% 100
M ore* A E *««x. . . . . . . . . . . . . . .
315
..1 0 0
Or. ShXtne«k U.N.wben issued. 100 :i i %
1
Teorlm D r e a ta r * E t * usv111«..100
%
3
6
f’eorla A Rat tern . . . . . . . . . . . . - 1 0 0
162 16S
PKP-. Ft. W. Je O lio, k-.uir----Bc-n»#eUier A S a r a t o g a .......
176 I t 1
Rio Grande Western p r e f ....
30
38%1
..1 00
25
70
40
■iPref
. . . — ................ . 100
Ko price Friday
latest price tills week.
NEW
SECURITIES.
YORK
| Bid.
XsOltCM
t,
3 Apr,
6% May
87 Apr.
10 Mu r.
SO Mar,
27% Apr.
....
4 Apr.
6 Feb.
2 Feb.
12 Mar.
32 Fet).
1% Jan.
7% Apr.
1% Mar.
163*8 Frb.
2 »5 Feb.
119 Jan.
U>7« Mar.
% May
.
3% Feb.
150 May
130 Jan.
■10 Feb.
....
17?% Apr.
104f Jan,
27 Jan.
10f» J an.
20% J»n,
55 Feb.
72
5 Jail.
40% Mar.
168M .Inn.
* 8% Feb.
if i M t'IS,l Ill'll if fc S I m i
Adam s Rjcnresa....................
» AiuwrftssnBank S o le Cols .
.m u rloau C oal.....................
American E x press.............
Ask.
Aak.
•Hatred.
, If 0
Hig lie
155
Jan.
125 Jan
114 M ay
Pi % Jan.
109% M ay
% Jan.
105% Apr.
1 Jan.
27 Jan.
85 May
4% Mar.
37%
2 r.
112
105
67
42
Jan.
Jan.
May
M ay
.1an.
Jan.
25
80
50
12
52
52
15
5
5
10%
340
1%
11%
108
70
6
41
103
Jan.
May
May
Jan.
Feb.
Feb.
Jan.
Jan.
Jan.
Jan.
Mar
Jan.
Jan.
Feb.
Jan.
A pr.
A pr.
A p r,
1 Aotnal sales,
SECURITIES.
Bid.
e n d in g
Specie* Legale. Deposits.
Bank Of New York, !$2,000,0' $ 1,894* 3 $ 12,980,0 $2,190,0 $1,570,0 $13,010,0
3 0! 1 — kUmhatUuOe..— .. 2.050.0 2,103,11 3S,327,0 2.608.0 W638,0 ^9 .6 3 3 .0
2,382,5 2.230.5 1 4 .4 5 4 .9
0 1,016,5! 11,810,1
Merchant*'............. 2.000.
1.159.0 2,280,0 9 .2 7 7 .0
2.000.
01 2,050,2 0,288,0
M rJ a sit* ’
A nwrit*-------------- 1.500.0 2.179,3! 18,082,1 2 089,3 3.944.3 2 2 .2 4 6 .7
1.000.
0359,1, 4,178.0
7 8 1 .0
204.0
3 .9 5 2 .0
P b e n l x ...........................
3.638.1 3 1 .8 7 3 .1
1.000.
0- 3,008,7 20,016,0
450.6 2 .4 2 5 .0
00,0 2.510,0 7*§i8:l
TnsAwra«t,«.---- .... . 750,o:
800.0 7,330,0 23,820,3 4,194,4 3.307.1 2 3 ,8 6 7 ,4
Ctretir*._ ____...
_
523.4 5 .2 6 1 .0
891,8
OO
O .O
109,8 4.601,0
k M r t . a t t ' K x e b ’ f®
911.3 1.511.8 6 .1 9 2 .5
l I»#****.**. 1.000.
0 1,089.7 0.007,0
163,2
122.5 1 /2 3 4 ,5
$00,0: 181,7* 1,255,0
Bwto&tm* *t t*rt»Y’ r«*
3 4 5 .0
230.0
400.0
22-4,8 1,880,0
UmbMuxm* A Tnwr*
2.100.0
295.2 1 .0 3 7 .5
108.1
200,0.
105,5!
982,2
9 mm
..... .......
333.7 2 .0 3 7 .0
345,1
600.0
472,5: 3,046,0
hm$k0 t Mamnfto’r#,
364.2 2.022.1
257.4
300.0
94.0! 1,695,3
ii#-?«stb,.
525.3 3,075,3
758.2 2 ,5 7 7 ,7
164
t$t*l* #1 Nhtr Vork. j 1.200.0
2,810,0 1 9 .5 2 7 .0
0 2,587,8 24,694,0 2,158,0
Ammft&i8 Exchange: 5.000.
1.994.5 16.675.9
5.000.
0 3,057,5 22.620.91 2,740,8
tfammmWb *****••■
i 1,000,0 1,577,1 5,086,51 706,9
805.8 5 .1 5 7 .0
Ptwrivair*...... . .
2.030.8 8.710.6
1,000,0: 982.0 8,076,1j 057,4
MmpmMum.
490,4' 2,494,4! 433.5
610.4 3 .1 1 3 .6
»-***.. a -— .- 1 422,7:
,*
K*p»bUc-................• X,500,0: 818.0 11.396,6 2,498,0 2.587.3 1 4 .0 1 2 .6
!
000,01
075.4 5.905.3 'ftAft A 1.109.1 0 ,0 2 6 ,3
450,0: tiVR Ji R'tms
Chatham.................
624.7 2 .6 1 8 .1
1 8 4 .4
1.740.3
200,0! 23H.4
Prniflm*--------- ------1.156.8 7 .3 2 6 .3
682,1: 6.477.0 1 ,1 2 5 ,3
700,0
fShftls America-.**..
2,044,8! J7.493,1 5,368,9 3.632.8 2 3 .9 2 2 .6
327.0
655.1
500.0! 847,6) 2.013.0
3 .0 3 1 .0
I TtiMM’ • *-------514.0
329.0 2 .9 7 5 .4
394,1! 2.520.3
2 1 0 .4
660.4 3 .1 3 3 .7
'M M
tm S~~**>.***-.m
***m
* M0,( * 282.4 j 2.425.8
M),0
779.7 ,5 ,8 4 9 ,9
650.1
Mm&mk A Wultm»«*«
063,0 6.787.9
Rl>»© A L^kitor..... 4.000.
4 9 4 .6
3.030.01 431,7
31M
0!
3 .7 8 6 .7
C m Kidwwife....... 4*000,01 1.243,0 8,052,21 1.403,8
9 .5 3 6 ,3
1.295.1 6 .1 9 8 .1
2oo, if 4,071,6
0:
■fj^ifeis^tiil»„»***»M - 1.000.
0 4 9 .0
300,0; 394,2
3.765.3
1 4 6 .0
347.0 1 .7 0 8 .0
1,500,0 5,555,51 22,885.oj 3,322,0 7.250.0 2 7 .7 9 7 .0
2.000.0- 3,202.01 25,373,8: 0,048 0 3 .0 0 9 .0 33.386.0
Tmk,
5 6 1 ,1
250,0: 138,8, 1,217.1
Mmi j
255.6 1/265/2
3,200,0' 2,040,8: 20,412,4j 3,275,0 5 .8 7 9 .0 23.974.8
^ iu ,v
1.957.0 10.531.0
1,000,0) 600.3! 8,255,0 1.31*3,0
070 7' *
fit 857,0 1.444.0 0,429,0
urUn
SC >,0
N
3 ,2 0 8 ,0 !
430,2 1,12*2,3 4 .1 9 8 .0
fill.0:
200A
I 50(1,9 7,-028,7
2.040.1 21.902.9
1.0CHI.0
8,414,9 1,540.0 1.814.4 10,474,5
TMP$77*f0| 1,356,01
SWJ!
jf. Y..I#a Y
2 1 0 .9
J.su.7
1 .2 8 3 .7
251X0! 51)8.11 2,838,0) 421,0
$ 0 8 ,0
3.028.0
?#
*<m TmU
foo<n} 426.3’ 2,733,81 044,1
322.1 3.420.8
ftt.Oj 9f0.il 2,808,ol 205,$
4
491,0 2.741.8
500,0! 1,481,1: 14.980,2; 4.340,81 fi.W U aVTldls
fifth At*3
100,01 1A08J! 7.472,oi 1J10.C
1,180,0 8'09 o’2
k K
®
550,21 2.310,H 211,2
2iK»,0
480,3 2.042.3
f*4rrra*iRlS
fs88/F, 2,730,81 406*4
897.8 3.620.6
C islH a i#:**«!. ..... .
ftoo.al $tm%m
Pvfl.l
$«6lo.
01)8,9 0/210,0
SO I.O
C
S A m fti,.
8.073,6
932,0! 1/258,8 7,109,5
801,1
fNferi*l4-.
; ^0,^-1 725,$’ 4,147.7'
5IHU 5,284,8
Ftf t-fi ...
HW>,6
8 o itr/ 1.000.5' 220,0
502.9 2.001.7
d it
826,6'! 4.480,2
862,1
1,847.
6 .1 2 9 .4
3186,11 2,428,0
920.0!
431.0 2 .5 6 3 .0
rvfw
t.o
797.0; 1.641.0 7.920.0
i.sia .o
Hit-ft;__ .,
too, d; 3MU
l.ii/7.0
193,0
280.0 1.617.0
451,0, 12,981,0
I 3»100,0
H55.3I 5.020.0 15,625.3
FD»4 ifsd* B’ kljrn... i $00,0. 8140,$ 6/270,1) 1.052,0! 1.100.0 6.171.0
N*. L Fto« MMkl.. . i
07441 0*618.5 1.838,8}
716.2 30,041,6
^ . li%ak ! $00,Oi 2-48,6 2,022/2
269,8 s
43.8,8 2 ,0 5 6 ,2
W*£*wm&
j I,#O0,O’
8,703,8
551,5}
823.2 3.316.1
’ 50,777,t 7a,»A$,8!$05,95t,l 88.132.2' 99,413,5 572,212,8
SECURITIES.
Bid.
Ask.
Tennessee—6a, o ld .........1892-1898
6a, new b on d s.......... 1892-8-1900
Do
N ew series___1914
C om prom ise, 3-1-5-Os...........1912
New settlem ent 3 s................ 1913
R edem ption 4 s ....................... 1907
Do
4%8....................... 1913
P enitentiary 4*ss...................1913
V irginia funded debt, 2-3S ....1991
6s, d eferred t’st ree’ts, stamped.
80
82
64%
4
65
6
A sk.
New York City, Boston and Philadelphia Banks:
UANK8.
S
Capitalj Surpl't Loans.
I sa les./
Range (ta les) in 1897.
S T O C K E X C H A N G E P R I C E S .— S T A T E B O N D S M A T 2 1 .
N ew Y o r k C it y U u n k S t a t e m e n t f o r t h e w e e k
M ay 13, 1887,
\ve o m it tio o c ip h e r s ( 0 0 ) i n a ll ea ses.
» xks
fOO# omitted.)
B ill
m m o
148 152 1147A» Fell.
42% 44%j
.. 25 110 125 1 )3 Apr.
.100 t i l l
1Oil*, Jan.
-i.»e ■ 851s Jan.
100
{105 t 0 5 ?« 85 .Ian.
A
s
% Jan,
%
.100
103 Fob.
.100
%
% Jan.
*4
517
15% Mo}'
87
75 Foil.
.100
3% Mar.
3%! 4
100 160
Feb.
100
36
8 Jan.
35 " F e b .
40% Jan.
20 .Tan.
1 1% Mar. Edison Eiee. ill. < M. V
>t
100 1112
101% Jan.
37 J Sill. Edison Eton, 111. o f Brook ...... 100
i>7 Feb.
30 May Erie lYleicr.ipli A Telephone .. 100
64%
153*9 Apr.
UK) 31%
Illinois ste e l.......................
29% Apr.
100
5 Jan.
TOO 35
0 Feb. Jufl. & Clearf. O. & i. p ro f.
100 123 ...■a* 22 May
3 Jan.
28*3 Jail,
183**
Preferred.
70% Mar.
100 40
GO
32 F. 1).
50 May
.100
12 Jan.
100
Ik, Jan.
P referred ..
-12 M ay
43
4 5 ^ 38 Apr.
8°8 Jan.
100
10
11
10 May
1 Jau.
100
2
3 May
3%
107 Jau.
4
5 .1an.
100
400 Mar.
6
1*22 Mar.
100
9
8% May
C*s
50 320
15% M ay
340 Mar.
2
2%i Jail.
100
l»e Apr.
1*4
100
10
8 Apr.
5 A pr.
P referred ......................
100 119 121 102 Jan.
169% Mar. Standard Gas. p r e f .f i ___
185 Jau.
65 Apr.
100
100
6 A pr.
40% Feb.
37 Feb,
100
42
38
U. 8. E x p ress...............
TOO 1021b 104
97 Jan.
....
W ells. F argo E x p r e s s .
Missouri—Fund..............1894,-1895
Alabama—Class A , l i e 5 — 1906 107
Narth Carol! mt—6s, o ld ............ J&J
ei*~< B, 6«...............................1906 108*4
Funding a ct............................1900
Claes C, I s ...............................1900 101
F ew bonds. J& J.........1S92-1S9S
C am m ey funding I s ............ 1920 I ....... .
Clsutlium R K ...............................
ArkBts»A*—tis.fu u d .B ol.lS 9'........ .. .........
Special tax, Class I ..................
S e a H o l l o w ....................
Consolidated 4s..................... 1910 104
7*. Arkansas Central HR
lamislana—7 s, eons
1914 m i l l
6s .............................................1919 124
........... :South Carolina—4%0, 20-40..193 3 108%
Stamped 4#
H sw eonaols. 4 s .. . . . . . . . . . . . 1 9 1 4 1 08 102
Os, non-fund............................1888
b
Mug 21.
I macttsts S tocks .
f ludloate* unlisted.
Highest,
S70 Feb,
s-% Apr,
• -J # Apr.
J1
102 Mar.
16% M ay
55 Feb.
68 Apr.
4 Mar.
lb Feb.
161 Apr.
7 Apr,
(% ItvUtstUea
Capital d
p
Surplus, Doans.
Specie.
Legal*.
Depoiits.i CircTn. Clearing**
$
N. Y.*
$
Apr. 24.. 133.726.5 504,847,2 87,073.1 105.881.0 574.784.8 16,3*72.8 535/713,7
May 1.. 133.726.5 505,831,7 87,329,8 105,803,8 576.803.9 16.002,2
“
a . 1.33.726.5 501,920/1 87,570,7 99,115,8 570,361,3 Hi,072,8 027.710.5
" 15.. 133.720.5 505,951,1 88,132/2 99,411,5 572,212,8 14,484,1 542,384,2
Bos.*
May 1.. 83.393.8 170/231,0 10,106,0
8.972.0 106.292.0 0,208,0 89.708.1
“
8,. 63.393.8 175.230.0
7.170.0 105.980.0 8,028,0 107.734.5
4 15.. 03.393.8 173.308.0
i
7.418.0 168.416.0 8,261,0 99.525.8
jPhfla. *
39,1 51.0
119.925.0 6,866,0 52.404.1
May 1*. 35.388.0 109.081.0
38,4 06.0
118.994.0 8,816,0 60.147.8
“
8*. 35.388.0 109.427.0
119.53A0 8,831.0 55,999.0
“ 15.. 35.388.0 110,16-4,0
37,6 13,0
* We omit two cl\tliers in all these- J owres.
|
t Including for toaton and Philadelphia the item “ due to other hanks” .
M i s c e ll a n e o u s a m i U n l i s t e d B o n d s :
M isc e lla n e o u s B on d s.
M isc e lla n e o u s B on d s.
Ch. J tm. & S. Yds.—Col.t.g.,5s 107%b. Jets, & Clear. O. & 1 . 1st g. 5a *100 he
2dg. 5s ..................... . . — * 77 b.
Colorado O. & 1 .1st cons, 0s,g. *92 b.
Colorado Fuel & I.—Gen. 5s.
81 a. Manhat. Beach H. & L, g. 4s.
Motropol. TeL < TeL 1st os».
fe
COL < Hock. Coat «fe I.—6a, g.
&
Commercial Cable—1st g. 4s. 10013b. MJek.-Penm. Car 1st. 5s .....
Cons. Gas Co.,CMc.—le t gu.5» 91 sab, Mutual Union Toleg.—6s,g..
Do Bardoleben C. & I.—g. 6a. 80 a. Nat, Starch Mfg. 1st 6 s ...... 100 iab.
■
73 %b, N. V «&N. J. Telep. geu. 5s..
JDet. Gascon, 1 s t 5 .......... .
Edison Blec. 111. Co.—1st 5s.. 112 b. Northwestern Telegraph—7s *i'Q8’ 'b.
Do of BklyiL., lat 0 h„ 109 b People’s Gas & C. #1st g. 6s.
Go., Chicago...... ) 2d g. 6a. 109 a.
Equip G.-I», 24, Y.,cons.g. 5s.
Equitable G. < F.—1st 6 s.... i'Ol^b,
&
1st coos, g. 0s...... — . . ... . 104 b .
Erie Teleg, & Telep, 5s, g.._ *101 b South Yuba Water—Con. 6a.
Galveston W harf Co.—1st 5s. 100 b Standard Hope & T.—Inc. 5s, 17 b.
Henderson Bridge—1st g. 6a.
Sunday Creek Coal 1st g. 6a.
Western Uid on Teleg.—1 s...
7
Illinois Steel deb. 5 s ......___
Whoel.L.E ,& P itfcC al lat5s
Non-eonv. deb, 5s...............
N ote —’%**indicates price old; **atf price asked. * Latest price this week.
Bank Stock L is t—Latest prices, (f New stock, *Not Listed.
BANKS,'
Bia.
Am erica...... 325
Am. E xch... 108
Aster Place* 225
Bowery*...... 300
Broadway.,.. 225
Butcb.&Dr.. 115
CH i ittlf... . 180
m
Chaae..
400
Chatham...... 280
Chemical.... 4000
City.**,...*-* 550
CitlsieosY.... 125
Celumbla.... 1«i0
Ckmamero©.,. 207
Oouti JiCfltai . 130
Corn Exch... 285
135
n t h W ard..
Fifth A v c,... 3000
Fifth*......... 250
First......... 8000
FirstN., a T. 120
14th Street..
175
Oaliatto...... 310
Gatisevoertvi ........
A 8k.
BANKS.
Bid, Ask.
Garfield.. ... 500
German Am.
170
German MX,*
Germania... . i
Greenwich... .105
Hanover----- 830
140
Hide & h e ..
170
E tu i jiiver.i 150
lin.tfe TradM” 525
»«
Irsrlus?,......... 140
Leather M.fa* 170
140 Liberty*’. .... 1.30
750
210
ManhaMsan... 210
MarketA Ful 200
140
295
Mechanie^L 185
M’Cha’ AkTra'
170
3500 M erch ant/. - 141%
..... Merch’t. Mx. 114
MatropoPe... 440
ISO Mt. Morris..
Nassau — ..
185 N. Arne'<am. 200
1
330 New York...
100 N. Y. Co’ nty 11 !
.....
.,
92%
........
550
155
soo"
240
240
193
187%
145
-180
240
.......
BANKS.
Bid. Aak.
N .Y .N at.E x
N in th ........ iu i
19th Ward.. 100
N. America, 185
Oriental..... .. . . .
Pacific....... 175
Park........... 280
People's___ 210
_
Phenlx_ _ 105
l'te n .......... IM
S
Prod. E x / . . . 115
BepubBi...... 150
Seaboard....
Second. . . . . . 425
Seventh,
100
Shoe A LNtli 00
isttn.oof jst.t . n o
(Third____
80
Tnwiesm’n’ a. 07
12th Ward*. __
U n ion .....*. 200
Union 8 a / . .
Un'd States. m
Yorlrt-ille^,. 170
W estern,.... 114
West Side... 276
......
110
____
195
......
208
112
......
170
......
......
86
......
95
......
185**
......
THE CHRONICLE.
Ma y 22, lss>7.]
BOSTON, P H IL A D E L P H IA
Active 8tocks.
1 Indicates unlisted.
1
f
Saturday
May 15 §
B A L T IM O R E
STOCK
Tnesday,
May 18
10k
1 0k
10k
* lo k 1 "k
---- 65k
1930 19k
2 1 2 ” 212k
91 Q
1597s
*9
*56
7 i 7e
72k
160
1 0 ’*
58
73k
93
93
23k 23 k
105 105
*7k
8k
Wednesday,
May 19.
10k
10k
10k
Thursday,
May 20
*10
10k
ll“ 'll"
65
* l 9 k 19k * l9 k 19k
19k 19k
‘212 213
212** 212** 212 212
212 214
213
212
T
160
159 k 160“’ 159k 159k *
10%
*9
*9
lo k
’9
10k
*56
58 | *56
53
*56
58
74k
74
73 3g 74k
73% 74k
73% 74%
7 3k 74k
73 k 73 k
6%
6%
6%
6%
21
21
92 ^ 92 m 92 m 92 m
9 2k 923,
23 k
23k 233g 23
2 3k 2^k
L07
105
10 S 105
>7%
8%
8%
*7k
8k
*7k
1930 19 k
r
.........
* i2 k
*36
177k
52
69
9
*6k
9
57% 57%
5 7k 57k *57 ........
72
12k 12 k
1 2 * 12k *12k 1 2k
12k
0 3 6k 36k *36k 36=s
3630 *36k 367
177k 177 177k 177 177*4 177% 177%
5 l 70 52
51 7 52
0
52
5 1k 52
6930
69%
69
69 k 69 k
69k 69k
9
9k
8% 91,6
9*w S k i 9%.
6%
7k
6k
6k
6k
6%,
6%
93g
9k
9k
9k
9k
9%
9=8
112k
103
23U
119k
16k
372
ii.3 k
103 k
232 k
122k
17
372
113%
104k
231
124%
17%
372
112%
103 k
230
121%
17%
370
113
103 k
230k
122%
17%
3 70
57
57
57k *56k 57 k
17
19
17
....... .......
18
19k 2^
65 k ‘ 64k 67
65~k 65k
3O70 2 8k 2 9k
2 9k 29 k
66
66 * _____ 70
70
*32
32
32
34
33
2 0 7g 21
21
21
21
38
38
33
108
105% 106%
106k 107k *107
13k 13k
13k
72
7 2 k 72k
40
40
........
*2
2%
2%
2%
*2k
2k
*2k
2k
sale was m ade.
$ Holiday In Phiiadelp’a.
56 k
17k
56 k
17%
*64k
*29
*66
*32
“20 k
37k
107%
13%
72%
66
29%
70
33k
2 lk
37%
107%
13k
72%
Inactive 8 to c k s.
Bid.
EXCH ANGES.
l a a r « H r l c e i - a o t P er C e n t a cm i4r io « i.
Monday,
May 17.
1030 1030
Atoll. T. & S. Fe.(Boston).100
Atlantic & Pao.
**
100
Baltimore & Ohio (Balt.).1 0 0 {
Ba t. City Pass'ger “
25|
Ba tlraore Traction “
25 *19*4 1930
Baltimore rrao'nIf(Phil.). 25;
Boston & Albany (Boston). 100 213*“ 213
100! 213 213
Boston <e Lowell
t
•
•
100 160 160
Boston & Maine.
*9
^Ok
•
*
100
Central of Mass..
58
1
4
100 *56
Preferred.......
72*4 733*
“
100
Chic. Bur. & <^utn.
Chic. Mil.* 8t. P. (Phil.). 100
“
50
Choc. O&G. vot. t.c
100
Cit. 8t.Ry.of IndIT
94
Fitchburg pref-.f Boston). 100 ‘ 93
Leblgb Valley.. (P hila.). 50
Metropol’ n Trac.tf “
100
*7%
8k
Mexlcau Cent’l (Boston). 100
New England....
*'
100
deferred ..........
“ 100
Norcnern Central( B a l .) . 50
Northern Pacific(Phila.) 100
►'referred
"
100
Old Colony. ...(B o s to n ). 100 •177" 177k
Pennsylvania ...(P h ila .). 50
Pailadelph. Trao.
“
50
Reading Co.........
“
50
6%
6%
Uolon Paoitio...(Boston). 100
Union Traction..(P hila.). 50
'IlM cellaneona S to c k s .
Am.Sug’r Rettn.H (Boston ) . . . . 112 112k
Preferred.........
“
. . . . 103 103
Be'l Telephone..
“
100 233 234
Bo it & Montana.
“
25 120 121
Batte & Boston.l
“
25
16k 16 k
Calumet & Heola
“
25 *370 37**
*
67
Canton C o ....... (B alt.). 100
Consolidated Gas
“
100 *56% 57%
Eleo.8tor. Bat’y1T(Ptofa.)-l00
Preferred 1
1
“
100
65% 65 k
Erie Telephone.(Boston). 100
General Electric.
**
100 *30k 31
Preferred.........
100 * ____ 70
33
33
Illinois .Steel. . . .
“
100
21
21
LamsonStoreSer
**
Pa. Heat, L. & Po w(Ph ila.) ..
Unit'd Gas Imp.fl
•
•
Welsbaoh Light T “
l
West End Land..('Bo*ton>
AND
989
113k 114
104 104k
230 231
12330 12430
1 7k 17k
370 371
112%
104
230
122%
17%
370%
5 7k
16
18
65 k
28k
*63
*32k
2 0 7g
38
105
13k
72
Ask.
Bonds.
Friday,
May 21.
Sales
of the
Week,
Shares.
10k 10k
*k
k
-11
12
*64
65
I 9 k 19k
19k 19k
212 212k
212 213
15Sk 158k
‘9
10k
*56
58 1
7 3k 7370
73 k 74 |
*6k
—
*20
21
92
9 2k
2 3k 23k
107 107
-7 k
8
*18
25
*57
53
*70k 71k
1 2 k 12k
3 6 k 3 6k
‘177 177k
517 52
0
6 9k 693g
S70 9
6k
6k
930
9k
Range of sales In 1897.
Lowest.
Highest,
425
9 k Apr. 20 12 k Mar. 3
•15 Feb. 17 •37k Jan. 13
11 May 4 17k Jan.
8
5 9 k Jan. 13 66 Apr. 17
1,285 17 Jan. 12 207 Apr. 2
8
4 n6 17k Jan. 7 2 0 7g Apr. 2
75 209 Jan. 4 217 Mar. 4
!•» 205 Jan. 2 214 Apr. 7
51 158k May 2i Ie6 Jan. 18
9 Apr. 22 11 Jan. 20
56 Mar. 26 58 Mar. 3
9 410 6 9k Jan. 5 7 8k Mar. 18
6,900 69k Apr. 19 78 k Mar. 15
205
6 May 7
8 k Feb. 5
100 16 Apr. 12 2 5k Jan. 20
155 91 Jan. 14 94 k Mar. 15
723 20k Feb. 18 30 k Jan. 2
2,784 9 9 k May 3 110k Jan. 5
7 k Jan. 12
9 k Jan. 30
13 Apr. e 37 k Jan. 19
15o 57 Feb. 15 6 1 k Jan. 7
67 k Jan. 27 72 Apr. 1
250 1O70 Apr. 30 36 k Feb. 1
115 3 3k Jan. 15 39 Feb. 1
56 176k Jan
5 180 Mar. 1
913 5 1k May 3 53k Mar. 15
1,054 6 6 k Jan. 5 74 Mar. 4
13,73? 89lfl Apr. 19
9=s May 10
1,695
5 Apr. 12
9 Jan. 7
7,462
8k Apr. 29 13 k Mar. 3
112 7g 11330
9,636 109k Mar. 29 118 k Mar. 3
296 100k Jan. 6 105% Mar. 12
103k 103k
999 2 05 k Jan. 4 236 May 13
230 230k
121k 122k 13,015 94k Jan. 2 129 Mar. 16
3,875
6 Jan. 11 20 Mar. 15
17
17k
370 370
106 326 Jan. 2 390 Mar. 1
*60
65
60 Jan. 8 67k Feb. 6
127 56k May 20 6 2k Jan. 15
*56k 57
1,703 15 k Apr. 22 3 1 Feb. 1
17k 17k
‘ 18k 20
95 17 k Apr. 30 33 Jan. 29
65
65
68 63 k Apr.
67 k Feb. 24
4,483 28k May 17 36k Feb. 2
2 9 k 30k
*66
63
5 66 May 18 78 Jan. 20
125 29 k Apr. 21 417s Jan 18
*32
33
2O70 21
136 2 0k Jan. 6 2 3k Feb. 1
69; 37 k May 20 42 Jan. 14
37 k 37 k
131 101 Apr. _ 107k May 18
107 107k
260 13 Apr. 30 16 Mar. 18
*13k 13k
72
72
274 707 May 3 7 4k Feb
a
3
40
40
50 3 8 k Apr. 6 47 Jan. 12
700
l k May 4
*2k
2k
2 7 Feb. 9
0
X Trust reo.,all instal. paid.
*2
2%
Bid
Ask.
Bonds.
Bid. as>
63
k 61
92>s 93
«118 119
Pa. * N. Y . Canal, 7« ..
,JAT
264 266
5107 108
Oon. 5 s . . . . . . . . . . ........ 1 1 ’
* t* 10 1 k
98
Plain 4s.........................1910, JAJ i§_ 95
People’s iTao. trust oerts. 4s..1943
97k
Ohio. Bmrl. A Nor. Ist5,1926, AAO $103 103% Perklomen, 1st ser.,5s.l918, Q—J
Catawlssa....... ........ . . .
“
50
501$
99
2d mort. 6s............ ...1 9 1 8 , JAD ( 98
1st preferred. . . . . . .
“
50
’"’hUa.A Erie gen. M. 5g.,1920, AAO 117k
23
25
Debenture 6 s ............1896, JAD
Central Ohio................ (Balt.)- 50
Oen. mort., 4 g ____..1 9 2 0 , AAO 105
5
8
Ohio. Burl.* Qulnoy 4s 1922, FAA l 93
95
Chicago A West Mloh.(Bo*ton).100
’hUa A Read. Id, 5 s ...1933, AAO 123
100
Iowa Division 4 s.....1 9 1 9 , AAO § 9 8
Connecticut A PaBS..
“
100 143 146
Consol, mort. 7s....... 1911, JAD 132
Chlo.AW.Mloh. gen. 5s, 1921, JAD § 50
Co nneoticnt River—
“
100 245 250
55
Oonsol. mort. 6 g........1911, JAD 123k
Consol. Tractof N.J.H(Phila.)-1 0 0
29
57
Consol, of Vermont, 58.1913, JAJ § 55
Improvement M. 8 g., 1897 AAO 102
65
DelawareABoundBr.
“
100
Current River. 1st, 58..1927, AAO • —
55
Con. M. of 1882, 4s ...1 9 3 7 , JAJ 101k
10
5
F lin t* Pere Marq...(Boston).100
Det.Gr.Rap.&W.,1st 48.1946. AAO 5 65
}
67
Terminal 5s, g . .....l 9 4 1 , Q.—F. 115
$120 122
25
20
Preferred ...................
Eastern lBt mort 6 g.l906,M A 8._ '
“ 100
Phil. Wllm. A Balt., 4 s .l9 1 7 , A&O 107
HestonvlUe Paaseng. (Plata.). 50
50
Iree.Elk. AM .V.,1st,68.1933, end. §130
Pitts. C. A St. 1 , 7 s....1 9 0 0 . FAA
m
60 k 61%
)
Unstamped, 1st, 6s, 1933............ §130
Preferred H.................
“
50
Beading Co. gen. 4a___ .1997, J&J
81
70
Hunt. & Broad Top...
“
50
K.C. C.A Spring.,1st,5g.,1925,AAO k 50
17
Boohebter Ballway. oon. 5a ..1930
47% 48
Preferred.....................
“
50
S C . F .8 .A M . oon.6s, 1928. MAN § 84
85
3ohnyl.R.E.81de,lst 5 g.1935, JAD 105k
69
10
Kan. C’yFt.8. A Mem.(Boston). 100
5
K.C. Mem. A Blr.,l8t,28,1927. MAS * 67
Union Terminal 1st 5s. ....... FAA
40
5121 122
30
Preferred......... ...........
“ 100
K.
C. St. Jo. A C. B., 7 s..1907, JAJ
Little Schuylkill......... (Phila.). 50
90
52% L. Rook A Ft 8 ..1 s t,7 s..l9 0 5 , J&J § 75
Atlanta^Afehmrf.l'is? 7 s f i 907, JAJ I20 k
Maine Central. ....... (Boston) 100 121 122
Louis., Ev.ASt.L., 1st, 6g. 1926, AAO §100 103
Baltimore Belt, 1st, 5 s.1990, M&N
87
Mine HU1 A S.Haven.fPAitoJ. 50
37
55
2m., 5—6 g................ 1936, A&O S 85
Balt. C. Pass. 1st 5s.. 1911, M&N 113 k
N63qaebonlng V a l. . .
“
50
§107 108
Balt. Traotion, 1st 5s .1929, M&N 111
North American Co..
“
100
Exteu. & Impt. 6 s.--.1 9 0 1 , M&8 105
67%
{ 67
North Pennsylvania.
“
50
16
1st oonool.Incomes, 3 g, non-oum.
No. Balt. Div., 5s____1942, J&D 113k
88
16 k
Or.Sh. Line all asat.pdf Boston). 100
6
15
16
2d oonsol. lnoomes. 3s, non-oum.
s : Baltimore & Ohio 4 g., 1935, A&O 10 L
Pennsylvania A N. W. (Phila. I. 50
N. Y. A N . Eng,, 1st, 7s, 1905, JAJ- §119 119%
Pitts. & Conn., 5 g. -.1925, F&A
PhUadal, A Erie........
“
50 18% 20
let mort. 6s.......... ...1 9 0 5 , JAJ §113 113%
Staten Island, 2d. 5 *.1926, J&J
Butland . . . . . . .......( B o s t o n ) . 100
Ogden. & L.C, Con.6s.-.1920, A AO § 82
Receivers’ certificates, 6s..J&D 104k
81
1
%
“
100
Preferred..... ...............
Do. Maryland Construe., 5 s ....... | 101
15
k.mrnmmm
Southern....................
(B a lt.). 100
Do. Pittsb. & Connells., 5 s.. J&J
Hu tland, is t,6 8 ...... ..1 9 0 2 ,MAN 105 107
“ 100
Preferred..................
Bai.&Ohio S .W .,lst,4kg.l990, J&J 97 k
2d, 5s........................... 1898,FAA 5 98 100
West End.................... (Boston). 50
UapeF.&Yad.,8er.A.,6g.l916, J&D
75% 76
Preferred....................
"
50 92 | 92% A t l a M r i W ^ ' ^ ^ M A N
Cent. Ohio, 4 k g ......... -.1930, M&8| 98
107% 110
United Cos. of N. .T.. (Phila.). 100 247%
Bulfalo Ry. oon. 1st, As...........1931 309 110
Cent. Pass., 1st 5s,....1 9 3 2 , M&Ni 114
West Jersey* Sea 8h.
“
50 4S | 48%
City & Hub., 1st 5 s ....... 1922, J&D 113k
109
Western N.Y. A Penn
“
100
CUarl. Col.&Aug.ext.5s.l910, J&J| 109
Ohoo. Okla. A O ulf, prior lien 6s.
109
1%
Wisconsin Central...(Boston).lOO
CoL & Oreenv., 1st 5-6s. 1917, J&J 112
1
2
79k
Preferred....................
Georgla&Ala.,l8tpf. 5s.l 945,A&O 100
“
100
1
3
Ga.Car. & Nor. 1st 5 g... 1929, J&J
Woro’st.Na8h.AKooh.
“
100 112 118
95
97
Columb. S t Ry„
80
MISCKU.4SEOUB,
97k Georgia Pac., let 5-6s... 11*22, J&J 116
Geor. So. & Fla., 1st 5 s.. 1945, J&J
Allonez Mln’g.asstpdf Boston). 26 •50 1-00
91k 92
9 6k
121
North. Cent. 6s................ 1900, J&J 108
Amer. By.ELLight.. (Phila.)
5<% 5%
6 b................... - ..................... 1904,J&J
112
Atlantic Mining___ ..(B o sto n ). 25
20
19
105 k 106
Series A , 5 s .. . . . . . ___1926, J&J 115
69% 70
Bay State Gas H
4%|
50 4
i k s ................. .... ....1 9 2 5 , A&O lUu
4%
Boston Land..............
4
“
10
Centennial Mining...
1 1 1 " ......... Pitta. & Connells. 1st 7s. 1898, J &J
5%
5%
“
10
Soathern, 1st 5s___ . . . . 1994, J&J
Fort Wayne Elect.Ti..
101%
“
25
88k
%
1
Frankllu Mining.......
100 103
Virginia Mid., 1st (is...1906. M&8 i i 3 k
25 11 | 11%
Frenohm’n’sBay L’d.
70
2d Series, 6s............................1911M&8
69
118
“
5
3d Series, 6 e .. „ ......1 9 1 6 , M&S 113
Kearsarge Mining....
*
•
26 15% 18 Lehigh Nav.4%B.......... 1914, Q - 112
Osceola Mining..........
4th Series, 3-4-5s.................1921,M&£
95
104k 105k
2d 6s, gold...................1897, JA
"
25 30 | 31
1 __
Pnllman Palace Car.
103
5th Series, 5s........................1926,M&S k
*
•
ioo 157 157%
Pennsylvania Steel.. (Phila.).100
1st, 3 g .1911, J&J 109
93 k 93% West Va C.&
............
Preferred!!..........
Wilm. Col. & Aug., 6 a ..l9 l0 , .T&p 118
100
Lehigh Valley, 1st <
MISOHLLANBOUS.
130
Qalnoy M in in g........ .Boston). 25 108 110
112
Baltimore Water 5 s ... 1916, M&» 122k
Tamaraok Mining___
*•
25 122 124
Funding 5 s . . ™ ....... 1916,M&is
109 110
Water Power..............
“
100
1 I
............
Westingh. Elec. A M..
•
•
50 21
Exchange 3 k s ............1930, J&J
23
North Penn. 1st. 4 s ....1 9 2 6 ,1
Virginia (State) 3 s, new. 1932, J&J
Pref., cnm nlative.
*
•
50 50
............ 121
Gen. M. 7s.................... 1903,
51
Funded debt, 2-3s.......1991, J&J
Paterson Railway, consol. 6s.
Bond*—Borton.
132
Chesapeake Gas 6 s . 1900, J&I
At. Top. A 8. F. general g, 4s, 199.5 580% 80%
Adlustment g. 4s, 1995.
Consol, Gas, 6 s.. . . . . . . . . 1910, J&)
P 119 k
545
45%
Boston United Uus i «t 5s.
------•
p .........
i
580 I 82
Prices o] M ay 21.
Atlanta A Charlotte {Balt.). 100
Boston & Providence {Boston).100
Camden AAtlantiopf. (Phila.). 60
•Prloelnolades overdue ooudou.
U Unlisted*
i And accrued interest.
102k
98
102 k
107 k
111
8 1k
90
121k
89
115
114
100
114
1
102
80 k
9 6k
89k
109k
THE CHRONICLE.
9^0
NEW tO B E
, TO CK E X C H A N G E P R IC K S {C o n tin u e d )— A C T IV E B O S 0 8
S
H
-4
i*l>
jM)MH&AM*HM B ogus.
Ctoit'ni ;;,u w ( h ilts} in 1897.1
J n ftl
it h ,
--------------------i'truxl M«j, a l.
iMiftsl. 1 Hujht-tL J
)
[V ol. L X 1 7 .
t f . l F ‘-SI A N D F O R Y E A R
Hailhoa -D and
MutCKIAANROC* BONDS.
1897,
I n e tt &£wntr\ltenge (ta le t) in 1897
Period M «y 21.
Mij/hai.
Lowest
; U M .A A O .-O ou .. 6 k, t r .r » .1 9 1 0 > 4 0 '! 80 b.|f 82 Jun,
01% Apr.
Manhattan oonsol. 4s....... 1990 A A Q 92%
’ Metro. E levated.- 1st, 6 s . 1008 J * J }f5 0 % b .!ll6 % Jam
1899 M A N 101 b .lO U j .M.1y
I 20.0*......................... .
69 Mur.
i M ex, luterUBt’ l—1*4, 4, g .1 9 4 2 M A Si
M loh.Ceut.—I8t,eon 6 .,7a.l90v M A S l i b b. 116% Muy
.107 Feb.
Oonsol., Os........................1902 M A N
M lnn.*iit.L.—Iste*>n.5s,g.l034 M A N 101 b. 100 Jau.
90 M ay
Mo. K..V E.—1st 5 « ,g ,,g m .l» 4 2 A A O 90
84%
82 Jan,
! M. K. A T exas.—1 s t ,4 s ,g .l9 9 0 iJ A D
60
54% May
1 2 d ,* a ,g ............................IOOo IF A A
69 M ay
Mo. Pnc.—lst.e o m .flg .......1920;M A N 09 .
3<1,7a............ .................... 1006 M A N!
98 Mar.
Ta. o f Mo"—ist", ex., , ,An.‘- X J A.i‘ 101 b. 100 Apr.
»
w
T.
Pao. ...m , .
4g l9 3 F A A *
2d ext. 5s................... t 193- J A J *102 b. 100 Apr.
104%b. 103 Apr.
St,L.& Ir.M t.A rk. B .,5s.li-35 J
98 Jun.
Cairo Arlt. A Pexas. 7g.l891
67% May
Gen. K 'y A land gr.,5g .l93 1
117 Jan.
Alobtle A Ohio—NewOg ...1 9 2 7
65% Apr,
General m ortgage, Is
193s
127% Jan.
Nash. Ch. A S t.L .—1st,7 s.. 1*913
90 May
Consol., 5 g .........................1928
a w TynHk 4 iw.n 5«
192-1 i'4 «
115*^.1114
Matr. 116*8 F6fti
101% Jau.
N. Y. Central—Debtext.48,190.r
tVrtrii* Pa/ctfSc —floW* 6 s 1 ^ 8 ^ A * 103*4
1
100
J HU. 103*4 May
11.7% Jan.
1st, coupon,
Fv* . “
l » 0 3 !j A J
*
J
101 %b.
99% Juu. 101 %Apr.7 b................. 1903
106 Mar.
D eben.,58, coup.. 1884. .1904
................. 8
Cbr*. A Ohio. -8 er. A .... g .. - o o s ^ * % 120% 1X0 Jan. 121% Mar.
l ...... *
110 May
N. Y. & lla rle ro ,7 a ,re g ..l9 0 0
H orU tga, 8 « . . . ..............1911 C, , 2 120 b. 118% Jan. 121 51nr.
117% Jam
K.W. ,fe O gd„ eonaols, 58.1922
110
107% Jan. 112 Apr.
l*n-on*o!.,S g.................. 1930 * 4 *
105 Jan.
M eet Shore, gnar., 4s___ 2361
’
73
Mar. 76% Feb.
* * * *a* 4
•
, s ........... ,— JiJSii j J J 101 %b. 72 Jau. 104% Mar. N. Y. Ohio. A ft , L . - 4 g .,.1 9 3 7
O"rtrm l . %*, * .
103% Apr.
97
3.,
R .A A .D lt., let eon. 4 g .l8 8 9 136 Mar.
92 .Mar. N. Y. L ack. A W,—1st, § 8.. 192)
91 b. 88 Jan.
20 e o n..4 k .......... J A J
„ 4 g . 1980 ,
116% Mar.
A J 1187tb. 115 Jan. 119 May
C onstruction. 5e............ 1923
cate. Hurl. A
Con. ,8.1903
132% Feb.
N.Y. N. H. A H .-C o n . deb. ctfs.
99
| 93 Fob. 101 Apr.
Debenture, 5 s .......... ....1 9 1 3 M A b
88% Jan.
N.Y. O n t & W .-B e f. 4a, g.1992
09% Mar. 102% Mar,
Copyertlbki 5 »................ 1903 “ * H 101%
108% Feb.
Consol., le t ,5 s , g ............ 1939
94%b. 93 Feb. 96% Jan.
4 l»*tsyrrDivision 4 « ........19221* * A
100 Jan,
N.Y.S us. a W .lstro f.,5 s, g.1937
91%
87% Jun. I 93 Apr.
N el>n«k» Extension, 4 8 .1 9 2 7 :" * b
69 A pr.
Gen. 5 e .............................1940
120% U S Mar. 121 Feb.
8 » n . A St. Jo#,—Con8.6s.1011 1?* “
116% Apr.
Midland ot N. J „ 6a, g ... 1 910
Apr. 115 Apr.
Ch:e. A K. 1 U .-U 5 .8 .1. 6s 1907 J >« I 114 b. i n
67% Apr.
Nor. A W. Ry,—1st, eon3.,4g.*96
124 Apr. 126 May
Coneol 6g ........................ 1934 A ^ « 126
113 Jan.
Oe:..-r*l consul,, let 5 e .. 193, u ; 'r ti oa b7 9S% Feb. ! 101% Mar. No. Paoitle—1st, coup. 6g .l9 2 1
85% Jam
P rior lien, ry, A Lg. 4, g.1997
C A kagoA Krlo - l i t , Sg. 1982 “ * b 108% 108% Muy 112 Jan.
51% A pr.
Genera) Hen 3
2047
97%b. 93 Jan.
98 Apr.
Cbte H a « I ..& C .-l8 t.5 * ..1 9 | 7 J *
97% May
133%b. 128 Jan. 334% Mar. No. Faolflc Ter. Co—6 g ___1938 J "A J
Chle-MU.A St. P.—Con.7». 1905! J
104 Mar.
Ohio A Mias.—Con,a,L, 7 s .1898 J A J
118 b. 115% Jan. 119 Apr.
1 tl, S ou tb a »1 1 ,tv .. 6 b. . 1909J*
>
83% Feb.
Ohio Soutbern—1st, 6 g . .. 1921 J A D
119
115% Jim. 119% Mav
I n , So. Minn. DIt ., 8a.. 19101J
t 8% Apr.
General m ortgage, 4 g . . 1921 M A N
110 b .iU 2 Jan. 110% May
1 « ,( b.AP«C.W.D1 t .58..1921 J
1 65% Mar.
O regonlm pr. Co.—lB t6 g ..l9 1 0 J A D
iU % b J l0 6 % Jan. 111% Apr.
_ .
CMc.A- .Mo, B lv .D ir.,5 * .. 102t*;J
15 Feb.
Consoi., 5 g ....................... 1939 A A O
113%b. 110% J an, 114% May
Wise.AM1d b .,D1v ,5 g ...l9 2 1 ;J
110 Jan.
Ore.K.A Nay. Co.—1st, 6 g .l9 0 9 J A J
111
.110% Jau. 114 May
Terminal, 5 g ................ ... 191-1“
80 Jan.
BK. & N ar. consol., 4 g.1946 J A D
102% Mar.
102 b.. 96 Jau. -----Gen. M., 4 * „ eorles A ___1989!“
109% Jam
Penn. C o.--4% g, c ou p ....... 1921 J A J
120 b 118 Jan. 118% Feb.
MIL * Nor.—lat,con „6» 1913|J *
93 May
Peo. Dee. A Evanav.—6 g. 1920 J A J
Chic. A N . Pso., le t, 5 g .... 1940 A A O t 41 b .;U 0 Jan. 144 J an.
92% M ay
Evans. D ivision, 6 g ....... 1920 M A S
CWc.A N. W.—Coneol.,7B.1915; ‘4—F 143
110 Jan. 145% Apr.
110 Slay
2dm ortage, 5 g . . . ........... 1926 M A N
Jan. 121% Slav
eo tip o a ,* o ld ,7 a .............1902 J
* 1120 %b. u e
95 Jan.
em w ngtnnd , 6s............ 1929 ]A A O 117 b. ;114 Jau. 110 Mar. Pitts. Sli. A L. E „ 1st, 5 g.1940 A A O
68 M ay
SlnkinKtnod. 5s.............1929 A A O 1 1 1
108% Apr. 112 Mar. Pittsburg A Western—4 g . 1917 J A J
60% Apr.
110 % Jau. 115 Apr. B eading Co.—Gen., g. 4s .1997 J A J
StSlilBi’ fB od *d«ben ..5«.l'§33 j^ &
1H
B ioG r. Western—1st 4 g_.1939 J A J
70% Mar.
25*>ear debenture,5*. .. 1909 M A N 103%b. 106 Jan. 110 Apr.
St. Jo. & Gr. Island.—6 g . . 1921 M A N
f 47% Jan.
K» :<-• eion, 4*........ .........1926 * A A 103%b. 101 Jan, 103% Feb.
M A N
112 Jan,
it::. i„ ah. ,V W., l»t, tig. 192i;M a N; 131 b. 131 May 131 Apr. St. L. A Sau Fr.—6g, Cl. B.190t
108% Jan.
General m ortgage, 6 g.,1931 J A ,1
K xtec, A Imp,, 5g....... 1929;F A A l l l%a. 112 Mar. 115 Jan,
General, 5 g ................
1931 J A J
94% Jan.
b
Chip. H. 1. A Pa<V—Os.eoup. 1917 J A J 132 - 128% Jan. 132 Apr.
62% Jam
llallroad, 4 g .................... 1996 J & J
Sitetasloaandool., 5s...l934|J A J 105% 101% Jan. 105% Mar.
59% Apr.
St, L. A So. W.—1st, 4a, g .l98t) M A N
09% Feb.
80-year debeotare, 5 *...192 1 M A 8 97 b. 93 Jan.
15 Aim.
2d, 48, g., in com e............1989 J A J
CWc. at. P, il . A 0 .—6 a ...1930 J * . p 132%b. 126 Jan. 133 May
116% Jan.
St.P.M.&M.—D ak.E x.,6 g . 1010 M A N
C h ic.A W .tod .-G en .,g ,0s. 1932 % -M 119 b. 116 Mar. 117% Jan.
123 Jan.
1st consol., fl g . . .........1 9 3 8 J A J
tle v . Lor. A W b « - , . 1933 A A O 99 %a. 98 May 102 Jan.
102% Jam
“
r e a n o e d t o 4 % g .. J A J
a t '. C . A l.-C ton*ol.7g ...1 9 1 4 iJ A L 134 b. 131% Jan. 133% Apr.
»
87% Jan.
M ontana extension, 4 g .1 9 3 ? J A D
General, etnisol.,8 g . . . , 1934;J A J 127 b. 123% Jan. 127% Muy
54% J an.
San.Ant.A A. P.—lst,4g .,g u .'43 J A J
92% Jan.
a r < A “ t .u < t.I..D !v..l* 191‘ u M A N 95%
96% Apr.
87% Feb.
So. Car. A Qa.—lBt, 5 g .,.1 9 1 9 M A N
Pe«. A E „ 4 b ...................1940 A A 0
70
70 Mar. 75 Jan.
90 Feb.
SO. Paoiflo, Ariz ,—6 g ... 1909-10 J A J
! 6 May 117 J an.
Co,. HI Lsrd-C O D A , 4 * ..1 0 4 0 -0 * A t 6
106 M ay
80. Paolflo, Oal.—6 « . . . 1905-12 A A O
115% 51 ar. 118 Feb.
Ooi. A 9 lb A re . gu. 5s, * ..1 9 9 3 M A 8 117
Ool.H .Val.AToL-C<,n.,5g.l931'M A S ’ 67 b. 63 Feb. 88% Jan.
85 Feb.
1st oonaol.. gold, 5 g .......1937 A A O
102 Jam
So. Paoiflo, N. M .--6 g ........1911 J A J
General, 6g.................. . . l o o t J A D * 50 a. 49% Feb. 87 Jan,
87% Mar.
Denv. A KtoGr.—1st, 7 « ,g .1900.M A N 109%b. 109% May 113% Apr. Southern—1st cons, g, 5a.1994 J A J
1st consol.,, 4 g .................1936 J A J
E. Tenn. reorg. lien 4-3s. 1938 M A S
86 M ay
87 %b. 87% May 89 Jan,
, ________________
107% Jam
E .T . Y. A G .—1st,7 g .. . . l 9 0 0 J A J
Dal. & Iron k**®—1st. 5* 1937 A A- O 07 %b. 98% A pr. 101% Jan.
.
107 Jan.
Bn). SO, 6b. A A ll.—5 «
1937 J A J 101%
Con.5 g .............
1956 M A N
99% Jan. 102 Feb.
107% Jam
Georgia Pao. Ist S-Ca, g.,1922 J A J
Ediiwo Kl. lit. —lst,eon.g.6s.‘U5 J * J 112 b. 104% Jan. 112% May
112 Jan.
K n oxv. A Ohio 1st 6 s ,g .. 1925 J A J
88%
83% May- 05% Feb.
®rt*—4
prior bonds___1B96IJ A J
117% Jam
Blob. A D anv. con. 6s,g..l91f- J A J
01 b 02 May
General, 3% , g , . . . .........199*- J A J
66% Feb.
111% Jan.
W est-No.Carlst oon.6s,g 1914 J A J
139% Mur. 143% Feb.
Erie By,—1st, eon., 7 g ..l:* 2 0 M A 8
65 Mar.
V g Doftk, cbniol., e g , 1935 A A o 135 b.;133% Jau. 136 Mat. Standard KopeAT.,1 st.6g.1946 F A A
80 Apr.
! 53 J an,
n . W. * D » n .C lty .-4 -6 g .l9 2 1 :J A D 57
3 9 -a Mar. Tenn, 0 .1 . A B y -T e n . D .lat, 6g A A O
79 Apr.
Birmingham D ly., 6 g .,.1 9 1 7 J A J
Q *l.a.A a «n .A n .a.A P .D . 1s(.6g M A N 1 89 b.j 88 May
91% Feb.
85% Jam
08
98 Muy Texas A Paoiflo—1st, 5 g ..2 0Q 0 J A D
| 90% Jan.
6 *a . fcleetrle.deb. 6 » ,g ...i» 2 2 W A h
lion*. A T, C ent gen, 4*. g. 1921A A O 67 b.i 65% Apr. 70 Mar.
18 A pr.
2d, incom e, 5 g ................ 2000 March
102 Mar.
BliJH.il. C e n tr a l.-4*.g...... 1953'M * N *101 b.j 9 9 % Jan. 103 Jan. T oledo A Ohio Ctent.—5 g . . 1935 J A J
1 e-Btern t.Sijrs, is ;, is , g, 1951 |F A A DM b ,! 100% Feb. 104 May
%
Tol. St,L. A-Kaii.O.—6 g ..,1 9 1 c J A D
106% M ay
101% Mar.
Ist-AGreat Nor.— 1st,6»,g ISUOlMA N 118 b.i 117 .May 120 Apr. Union l’ aolflc—6 g ....... ....1 8 9 s J A J
85 Jam
2d, 4 :v 5 e ......................... 1009 M A 8
Ext. sinking fund, 8........1899 M A s
75 b.i 73 J an.
80 Feb.
149% Jan.
low * Csetral.—1st,6 g
1938:J A D
Collateral trust, 4%........1918 M A N
80%b.j 88 Apr. 97% Jan.
K!r,e* '
H i-v. 1*1,A* l025jJ A J
18 b.i 44 Fob.
OoUat. tr. 0», «. n otes... 1902 r A A 101 %b.
5u % Mar.
Kail. P a o .-D eo.D lv .,«g .lH 9 ., M A N 1177gl> 113% Jam
D*el*As use..- . Isl, 8*.*c... 1931. < —F j 96% i 93% Jan. 97% Apr.
J
L s»» Erie 4 W c » !.- 5 e ___19.6. J A J 116% 113% Jan. 117 Apr.
Istoou soL , 8 g ___ _____191a M A N
63% 167 Jam
1111% Jan.
L. “ b".r». - . ..K.- P-, 1st.7. 1900 J A Jj 113 b. 1
Oregon Short Line—6 g.1922 F A A 1110
110% J an. 113% Mar.
> • * eei.c,.n v ..i d , 7n.......1903 J A D! 123%
Or, 8. L. A Ut' hN. - < )n.. 5 g 1919 A A U 74 b. 163% Jan.
,'<
119 Jan. 124 % Mar.
J A D 34 b. 33 Apr.
Deb. v»» r. r - !
gu.. 5 s ,H ill A As 01 107%b, 100 Apr. U l% Mar.
'
U. P. Den. A G ulf ,oon.,5 g. 1939
Dsx, .it. * J'ar I .< «. a#tK 10931 A 8! 117
51
U, S. Leather—S. F deb.6g.1013 M A N I l l b. 110 May
115% Mar. 118 Feb.
De»*lrtan<L— t s lo o i..,6 g .l9 o i Q—J : 120 s 113 Jan. 110 May V lrglnlaM ld.—1 eu.M,, 5s 1936 M A N 100 b. 100 Jam
. .
G
1 0 1 % May
General mortgage, 4 g ... 1038'J A Dl 88%l*. 78% Juu.
88% Mar. Wabash 1st, 5 g ................1939 M A N 102
Loots. * Naab, —Cos*. 78.. 1808 A A O 103% 102% Apr. 100% Mar.
2d m ortgage, S g . . . . ....... 1939 F A A
61%a, 63% Apr.
N.O A Mobil*. 1st.6 g . . . 1030 J A J 120*ab. 116 Jftn. 121% May
Debeu.. Series B............ 1939 J A J
20 %a, 18% Apr.
Jan.
10-1% Jam
“
’•
2*1. tig. 1930 J A J 103
: 98% Jan. 103% Mat. W estN. Y. A Pa.—1st, 5 g .l9 3 7 J A J 107
'
48 a. 43 May
o m m . i i ....... ............ m a o j a d 118 %b, i l l 5% Jan. 118% May
Gen. 2-3-4», gold ............ 1943 A A O
trmce.i. s . ....................... i» 4 o j a j
W est.U n .T el.-C ol.tr. 5 s ..1938 J A J 108 a, 106% Jam
79 b.1 78% Jan.
81 Feb.
D)-.i* . n . »
1810 j v j m % b . I l l
Jan. 114 May
Wise. Cent. 0 0 1st 5 g . . . . l » 3 7 J A J t 28% (2 8 May
t 06 %a. 108 Felt. 109 Jan.
R <l.»b ..0K.10OO
91 % Keb.
75%
70 Apr.
1* « e*
M*
L
78
74% Jan. ' 30% Fob.
■
1005
*4»* |
83% .Mur.
81
, 1 - - Apr.
x 4 e .l9 » & * 4 °
A a T .* * w
49% Feb.
45
41% Apr.
1095 7>uv12 U May
3 B A .V 4 J «> * *> I20%b.|ll<»% Jam
■
78% Apr,
78 8.' 70 Feb.
c
1974 A A O
M 5
| S 5 M * 8 • 78 l y 09 Feb. ; 79% Apr.
m*
Feb.
78 a. 77*% A pr. i s i
H4'0
117 a, 105% Jam 112% Apr.
97%
91% Mar. 101 Jail.
»W »rf* W .IIi7%b. !!.%% Mur. 98 Feb.
108 Jau. 111% Muy
* 4 111%
.
O ub» 4 » #
103%b.,104%M ar. 109 Feb.
16, ft**.
U 2 % Feb. 113% Mar.
f.» 194 5 7 * A 113
Om%. of €
; : : i » 4 6 : M A 8 . 90 a. .99 May i 92% Mar.
n , . , . . , ,,V i - r o wfc,7*.is9:> L 9 r- a
7A 1S W , ’* *
109 b. 108% Apr. 108% Mar.
........ ib o -.-TMAN 113 b. U 5
Mar. 115% Mar.
risertip .V.lrt jag**V’g ‘ ‘ 'll'i>7 J * J 108*4 1108% May 118
Feb.
FA?’ I % B yen 7* »iM B » o L 9 ~ M . 9 7 %8. 90
Apr. 101% l ob.
jyaew P 01
Bf*
& # e , § fl
■ o t s .- ..*>b" it.dtcstos p rto sH d /
- V V M i<
SECURITIES,
pri o o t u M i the range Is made a p lr o m aotual sales ouly.
STOCK
Birl.
E X C IU N U E
Ask.
i l f 1r o a d B o n d «.
( $& k M itrin g $ Pric-tJ.)
*£:
Atabi ,?».» U l i —l* tf jf,. jpMfcr., 19*2$
A P h T©pf*ka fix fM ftdii,-—
wi
CM--.
mg<* A * t 1*00 —1ft , e* .1915. . . . . . . . . . .
CM., Mid, t .j,
»»#td..D >3« •......... 6
film. -o r>wr
i. j *. K ,
.. ••»:.() . . J
AIL A rate—2d W, D., *<a. S4.1W 7
102
IMyl*
!flebeae.,t910
* Latest prlo® tills treble,
C li l C R S - ( C o n t l n nm l I. - I N 'A C T I V E
SECURITIES.
Bid.
! Balt. A Ohio 1st, 6s, Park B .1919 108
5s, gold ............................... .1925
Don*, mort., gold, o s ............ 1988
W Va. A P it t s .-5it-, g., 5 s ..1990
B. A O. 8. W „ 1st, g .,4% 3...1 99r. *97
Monon. River, l* t,g ., g ,5 s .,1 9 9
j: OentT Ohio Boor.—1 s t ,4% s. 1130 "98%
Ak,ACh.Juno,—lst.g .os.g u .l •30
Brooklyn Elevated—M . 5S ...U -15
43
Beoulde A B.B.—lst,g,5s,gu. 942
A sk.j
BONDS— M A Y
186 Jan.
95% Feb.
120% M ay
107% Apr.
73 Jan.
119 Apr.
i108 Alar.
103% A pr
95% Jan.
85 Mar
63 Jan.
87% Jan.
195 Jan.
101% Feb,
103% Jan.
104 Mar.
102% Mur
77% Feb.
119 Feb.
68% Feb.
131 May
102% Mar.
104% Mar.
121% A pr.
110% M ay
114 Mar.
121 Feb.
109% Apr.
U 6% Mar.
138% M ay
118 Jan.
140 Mar.
96 F eb.
110% Slay
103% Jan.
74% J an.
119% Jon .
74% Mar.
117% May
88% M ur
56% Feb.
UO Mar.
104% M ay
90 J an.
•15 Jun.
90% Jan.
119% Mar.
114 Apr.
3 4 7g May
113 May
104 F e b .
106 Feb
27% Jan.
103 M ay
74% Jan.
81% May
74% Feb.
•54% May115 % Feb
113 M a y
08% Feb
06% Feb
70 Jamfl
28 Jan,
122 A pr,i
127 M ay’
107 Mar.
93% M ay
59%. Mar.
93 Apr.
96% M ay
108 Jam
88% A pr.
106 M ay
91 Jam
89% Jan.
110 M ay
i 69 % A pr.
116 May115 Fob.
123 M ay
114% M ay
79% Jam
88% Mar.
89 Mar.
90 Feb.
23 Jam
108 Feb.
t75 Feb.
105 Feb.
95 Feb.
150 Jam
117%
178
119
177%
37
.114
103%
107%
I 73%
1 25
107%
50
108%
140
May;
Jam'
Mar
Mar.
Feb
Feb •
M ar,
Jam
Jam
J an.
MM •
Feb.
A p r.
M ar.
t Trust reselpts.
31,
SECURITIES.
111% Brunswick A W n —1st, g., 4 s .1938
Buff.R .A Pitts.—R.A P .lst,6 s.l9 2 1
95
102 j Rooh. A Pitts.—Oons.lst,68.1922
Oleur.A Mali,—1st,gu.,g ,58.1943
Buff. A Susqueh.—lo t, 5s, g ..l9 1 3
Burl. Ced. Rap. A N o . - 1st, 5 s .1906
Conaol. A collat. trust, 5 s .. 1934
T oo"
Minn. A S t . L —1st, 7s, g u ..1927
Ced. Rap. I. F. A N „ 1st, 6s. 1920
•.......
I*t, 5s.......................... ....1 9 2 1
Bid.
A sk.
.........
120%
122
121
....... ..
103
104
102
......
THE CHRONICLE.
MAY 22 1897.]
s t i f f f u n * , STOUtL fiX.OaA.NtfE P B I C M .- J M lC T r P t f
SECURITIES.
Bid.
Ask.
SECURITIES.
991
B D Y D 3 —f O j n t i n i t t d J - M A Y
Bid.
Ask.
21
SECURITIES.
Bid.
Asfr,
N.Y.S. A W .—Ter, 1st, e. 5 a..1943 105
0 Ohio—Col. ACin.M.lst,4%a.l939
Erie —( Oon.
Wilk.A East.—1st,gtd.,g.5a.l942
•'lrteraon—lat, go. g 5s ....1 9 0 9 L06
H i t RR ■ Bank.-Col. g.5s,1937
*
89
Northern Paoiflo—
ARR - 6 s .. ................ .1922
Cent. Ry. of Ga.—
St.Paul A N . P.—Gen., 6 s ..1923 127
128
DocV A Trapt.,1st 68, our’cy.l 913 105
1st, pref income, g., 5s ....1 9 4 5
Norfolk A South’n—1st, 5s,g.l941 *103
■^ans. A T.H.— 1 cons., 68.1921 111 115
st,
.06
2d. pref. income, g., 5 a ....... 1945
Norfolk A West.—General, 6s.1931 *120
at, ventral, e.. 5 a ................ 1942
3d. pivf. income.g., 5e.........1945
New River 1st 6s................. 1932 *118
«C Vs’-non 1st 6 s . . . . . ......... .1923
t.
L20
Mac. & Nor. Div.. 1st. g., 5s 1946
Tmp. A Ext.. 6s...................... 1934
*ul. Co. Br. lat, g., 5a.......... 1930
Mobile Div., 1st, g., 5a — 1946 *93^ 96
Col.Conn. ATer..1st,gu.g.5s. 1922
E 'ana. A Indian.—lat, oona..l926
06-u, ji * . . -o w n .. aeD., 68.1906
115
Ohio A Miss.—Consol. 7s........1898 104%
Cent. Pacific— %old bonds,6s.1898 102% 103% Flint A P. Mara.—Mort., 68.-.1920
2d consol. 7 s ......................... 1911
1st, con. gold, 5 s................... 1939 78% 84
Ert. g. 58, aeries A B C D ..1898 10U*
Spring.Div.—Ist7s...............1905
103
Pt. Huron Div.—1st, 5s ....1 9 3 9 *73%
Gold 5a, series E ............... - 1898 101 *
General 5s.............................. 1932
101i*
*la. Cen A Pen.—lat g. 5 a .... 1918
saQ joaqain Br., 6s.............. 1900
Ohio River RR.—1st, 5s.......... 1936
102%
1st oon. g., 5 a ........................ 1943
Mart, gold 5 s .........................1939
Gen, g .,5 s ............................... 1937
1st, 1. g.. ext. g., 5 s................1930
Land grant, 5s, g................... 1900
49
Omaha A 8t. Louis.—1st, 4 s.. 1937
Ft. St. Un. Dep.—1st, g., 4 % s.l94 1 106%
54 £
Cal. A O. Div., ext., g. 5 a ...1918
48
Oregon A Califor.—1st, 5s, g.1927
t.. Worth A R. G.—lat g., 5a..1928
West. Pacific—Bonde, 6a-----1899 1021* 103%
Penn-P. C. G. ASt. L. Cn. g.4 % sA 19 4o 110
Gal. Har. A8an Ant.—lat, 6 s.1910 105%
No. Railway (OaM—1st, 6a. 1907
Do
do
SeriesB 1942
2d mort., 7e.......... ........... ..1905 100 105
50-year 5s............................1938 * 8 8
Do
do
SeriesC 1942
Ga. & Ala., Ist.pref., g 5s. ..1945
r»A t,. Washington—Is*. g., 68.193P
r>
Dodo
Series D, 4s, 1945
Ga. Car. A Nor.—1st, gu. 5s, g.1929
102
Chas. & Sav.—1st, g , 7a.........1936
P. C. AS. L.-l 8t,0. ,7 8 ................ 1900 110
U^o8. A U.—Par. M. fnnd, 68.1898 104% 105% Hoasatonic—Cons, gold 5 s ....1937 120%
Pitta. Ft. W. A C.—1st, 7 s ...1912 137
N. Haven A Derby, Cons. 5a..1918
uraig Valley—1st, g., 5s— 1940
2d, 7 s ...................................1912 136
Houa. ATex. C.—WaooAN.7a.1903 125
w%rm 8pr. V al., 1st, g. 5 s ..1941
3d, 7s.................................... 1912 130
let g., 5a (int. gtd.)................ 1937 111
Eliz. L.A Big 8andy—G. 5 s .1902 100%
Oh.8t.L.AP.—1st,con.5e,g...1932 117
Cons. g. 68 (int. gtd).............1912 100 103
-Ohoa. O. ASo. West.—1st 6 b, g.1911
100
Oiev. A P.—Cons., 8. fd.. 78.1900 110
Debent. 6a, prin. A int. gtd.1897
Id, 6s........................
1911
95
Gen. 4%s, g., “ A .............1942
Oh. V .—
Gen.oon.l8t,gn.g,58.1938
Debent. 4a, prin. A int. gtd.1897
112
Do
do
Series B 1942
Illinois Central—lat, g., 4a...1951
Chicago A Alton—8. F., 6a---- 1903 112%
Bt L .V .A T .H .—let,6 s., 78.189/ •100
Louis. A Mo. River—1st, 78.1900 110%
lat. gold, 3% a........................1951
Gold 4 s .................................1952 102%
2d, guar., 7 s . . . . ..................1898 100
2d, 7a....................................1900 106
Gd.R.AI.Ext.—1st,4%s,G.g. 1941
2-10,g., 4 s...............................1904
8t L. Jacks. A CMo.—2d, 78.1898
Alleg.Val.—Gen., gu., 4s, g.1942
Misa.R. Bridge—let, 8. f., 08.1912 102% 107
Cairo Bridge—4s................... 1950
N. ACn.Bdg., gen.gu.4%s.g.l945
Bpringf. Div.—Coup., 6 s .... 1898 102%
Chio Bari. A Nor.—let, 5 s ....1 9 2 6 103% 104%
Penn.RR.—1st real, est g. 4s.l923 108
Middle Div.—Reg., 5s.......... 1921
Ohio. Barling. & Q.—5s. 8. f..l9 0 1 103
Cle.A Mar’ ta—lst,gu.g.4%s. 1935
Iowa Div.—Sink, fund, 5a.. 1919 108
O. 8t. L. A N. O.—Ten 1., 78.1897 101
D. Kiv.RR.ABdg—lst.gu.g.ls.’SO
99%
1919
SinL_gfund,48............
1st, oonaol., 7a.......... ......... 1897 301
Peoria A Pek. Union—1st, 6s .1921 115
Gold, 58, ooupon................1951 124
Plain, 48..................................1921 *89
76% 80
2d mortg., 4% s.......................1921
100
Chicago A Iowa Div.—5 a ... 1905 *104 108
Memp, Div., lat g. 4s.......1951
Pitta. Cleve. A Tol.—1st, 6 s... 1922
Calc. A Indiana Coal—1st 58.1936
Bellv.A So. 111., gu., g., 4% s.l897
Pitts. A L. Er.—2d g. 5s, “ A ” . 1928
Oil. Mil. A 8t.P .—let,8 b,P.D. 1898 105%
Oed. Falla A Minn.—lat, 7a. .1907
Pitta. Me. K. A Y .—1st 6s.......1932
21, 7 3-108, P. D ................... 1898 •130
Ind. D. A Spr.—1st 7a, 1906, trust
Pitta. Painsv. A F.—1st, 5 s ... 1916
1st, 78, $ g ., R .D ................... 1902 *130
recta., ex bonds............................
104
Pitts. Shen. A L. E.—
1st, I. A M .,7a.......................1897
Ind. Deo. A W.—lat, g.t 5 a ....1935
91
1st oonaol. 5 s . - - . . - . . . - . ........1943
l«t, 1. A D .,7 s .......................1899 130
Ind. Ilia. A Iowa.—lat, g, 4a.. 1939
Pitts. A West.—M. 5s, g.1891-1941
1st ,C. A M., 7 s ...................... 1903 130%
lat, ext., g. 5a.........................1943
136
31% Pitta. Y ’gst’nAA.—1 st,5s,con.l927
1st, I. A D. Extension, 7s. ..1908
Int. A G. S ’n.—3d, 4a, g ........ 1921
T
40
Rio Grande So.—1st, g., 3-48.1940
Kings Co.-F.El.,lat,5,g.,gn.A.1929
38
1st, La C. A Dav., 5e.............1919 111
St. L. A. A T. H.—Term. 5 s ..1914 105
1st, H .A D .,7 s ..................... 1910 126% 13*1* Lake Erie A West.—2d g., 58.1941 102% 103
101%
Believ. A Car.—1st, 6s......... 1923
1st, H. A D .,5 a ..................... 1910 *108%
NortlTn Ohio— 1st, gu. g. 58.1945
122
104%
Chi. St. L. A Pad.—lst,gd. g. 5 s 1917
uhloago A Pacific Div., 6a.. 1910
L. 8. AM. Sou.—B.AE.'—New 7a.’98
90
St. Louis So.—1st, go. g. 4s.l931
Mloeral Point Div. 5s.......... 1910 *106
Det. M. A T.—lat, 7a............1906
do
2d income,5s.1931
0. A L. Bap. Div., 5s............. 1921 *109 %
Lake 8hore—Div. bonds, 7a. 1899 *107%
Car. AShawt.—1st g. 4a....1 9 3 2
114
Jargo A Booth., 6s, A ssn ...1924 107
Kal. All. A G. R.—lat ga. 5s.l938
St. L. A 8. F.—2d 6s,g., ol. A .1906 112 112%
ino. oonv. sink, fand, 5s— 1916 105 110
Mahon’g Coal RR.—lat, 58.1934 117
2d, 6s, g., olass O ................. 1906 112 112%
Dakota A Gt. South., 5s— 1916 1*1%
91% 95
LehighV..N.Y.—1st gu.g.4%s.l940
88
lat, trust, gold 5s............... 1987
MILA Nor. main line—6 s ...1910 120
Lehigh V’y Coal—1st 5s,gu.g.l933
90
Ft. 8. A V. B. Bg. -1 s t, 6 s ...1910 100
(. hie. ANorw.-30-yeardeb.5B. 1921 111
93*
Lehigh A N.Y.—1st, ga. g. 48.1945
St.L. Kan. A 8.W.—lat, g.,6s.l916
Esoanaba A L. 8. 1st, 6 s . . . . 1901 111
ElmiraC. AN..Ist.g.latpf. 68.1914
St. Paul City Ry, oon. 5s, g ... 1937
Des M. A Mian.—1st, 7 s ....1 9 0 7
Guar., gold, 5s................... 1914
Gold 5s, guar....................... .1937
Iowa Midland—1st, 8s.........1900
Litchf. Car.A West.—1st 6s. g.1916
St. Paul A Duluth—1st,5 s ....1931 109
Chic. A Milwaukee—1st, 7 s .1898 104
Little Rook & M.—let, 5a, g ..l9 3 7
131
Win. A 8t. P.—2d, 7 b............ 1907
2d mortgage 5s.......................1917 102 102%
Long Island—1st, 7a............... 1898 103% 103%
Bt. Paul Minn A M.—2d M, 68.1909 120% 122
84
Mil. A Mad.—1st. 6s............. 1905 l i o '
Ferry, lat, g., 4% s................ 1922
Mlnneap. Union—1st 6s___1922
Ott. 0. F. A 8t. P.—l8t,5B. 1909 108
Gold 4s........ .......................... 1932
Mont. Cen.—1st, guar., 6 a ..1937 119 121**
Northern III.—1st, 5s.......... 1910 108
N. Y. A R’way B .-la t ,g . 5a. 1927
103%
Mil. L. 8.AW.—Con.deb.,5a.l907 105
let guar. g. 5s..................... 1937 106%
42%
35
2d mortg., in o ...................1927
East. Minn., let div. 1st 5s. 1908 106%
Mich. Div., 1st, 6s.............. 1924 130
N.Y.B.AM.B.—latoon. 5s,g.l935 105% 105%
W "n arASiouxF.—1st, g,58.1938 107 108
Ashland Division—l8t, 6s 1925 128
Brookl’nAMontauk—l8t,6a.l911
San Fran. A N. P.—1st, g., 5s. 1919
Oh.R.I.AP—D.M.AF.D.lst48.1905
lat, 5 a .................................. 1911
Sav.Fl. A West. -1 st, con. g.6s,1934
62%
let, 2% s................................1905
No. Shore Br.—lat con.5s,g.l932
8eaboard A Roanoke—1st, 58.1926
Extension, 4a.....................1905
Louie. Evans. A St. L.—Con.5a.1939
Seat.L.S.AEast.,l8t63,as^t.pdl93 L
Keokak A Des M.—1st,5 b.. 1923 100
Louis. A Nash.—Cecil. Br. 7 s..1907 106
30
Southern—Ala. Cent., 1st 66.1918
Ohio. 8t. P. A Minn.—1st,6s. ..1918 *129
E. H. A Nash.—1st 6s, g ...,1 9 !9 114%
Atl. A Char.—Inoome, 6a... 1900
8t. Paul AS. O.—1st, 6s....... 1919 139 131
Pensacoia Division, 6 s........ 1920 102
Colum. A Green.—1st, 5-6s.l916
Ohio. A W. lad.—1st, e. f., 68.1919
i*24
S t Louis Division, 1st, 6 s... 1921
E. Tenu.V. A Ga.-Divl8.5s 1930 114%
General mortgage, 6s.......... 1932 i"l9 120%
2d, 3s....................................1980
Rich. A Dan.—Eq. a. f. g. 5s. 1909
Chic. A West. Mien.—5a.........1921
Nashv. A Decatur—1st,7 s.. 1900 109
Deben. 5s, stamped.........1927
95
Cm Ham. A D.—Con. e. f., 78.1905 i l 7
8. f.,6s.—8. A N . Ala............. 1910
Vir’a Mid.—Serial ser.A, 68.1906
Id, gold. 4 % s..........................1937
50*year 5s, g.,.........................1937
97
nin D. A fr’n -la t.g u . 5s,g.l941 107%
Series B, 6 s............
1911
Pens. A At.—1st, 6s, gold... 1921
95
98
Series G, 6s.......................... 1916
City &8ub. (Balt*) —1st, g„ 5s.1922
Collat. trust, 5s, g ................ 1931
Series D, 4-5s . . . . . . . . . . . . . 1 9 2 1
On*. s.c. A Got.— Eq. A Zd 68.1930
L.AN. A M.AM.—Ist,g.,4%sl945 104%
Series E, 5 s ............... ......1 9 2 6
Clev.ACan.—Tr.ctf8.forlat5a.1917
70
Nash.Flor. AS.—1st, ga., 5s. 1937 -75
68
85
Series F, 5 s . . . . ................ ..1931
0 .0 . C. A 8t. L.—Gen., g. 4a.. 1993
So.A No. Ala., oon. gu. g., 5S.1936
91%
Gen., 5s, guar., stamped .1936
Cairo division, 4a..................1939
Kentuoky Central—4s, g ... 1987
100
9*6*
86
88%
80
Boring. ACoL Div.—lat(g.4a. 1940
Wash.O.AW.—1st our.gu.4s.1924
L. A N .—Lou.O.AL.—g. 4%a.l931 106%
Ter. As’n of St. L.—1st, 4% s.l939 108 109%
White W. Val. Div.—1st, g. 4a. 1940
Lou. AJefi. Bdge Co.—Gu.g,4s. 1945
01a.Wab.AM.Div.—lst,g.4a. 1991 87% 90
let, oou. g. 5s...............1894-1944 106% 107%
43
cou.N. Alb. ACh.—Gen.m.g.5s. 1940
St. L.Mer. Br.Term.,g.5s,gu..1930 103%
Ola. I. 8t. L. A 0 .—let,g.,4a. 1936 100%
Memphis A Chari.—6s, gold.. 1924
Texas A New Orleans—lst.7s. 1905
Oonaol, 68 ..................
1920
Mexioan Cent. Consol.—4s, g.1911
SaDine Division, lat, 6e....... 1912
Oin.8ftn. ACl.—Con.lat,g.5s, 1928 109
lat, cone, income 3a, g.........1939
Consol. 5 s ,g -.--......... •••....1943
Indiana B. A W.—1st pf.78.1900 107%
Mexican National—lat, g., 6a. 1927
Tex. A Pac., E. D.—1st, g. 68.1905
Ohio Ind. AW.—lstpref.58..1938
2d, income, 6s, “ A " .............. 1917
Third Avenue (N.Y).—1st 5s, 1937 122 123
Peor. A East.—Income 4s ..1990
2d, inoome, 6a, “ B ” ............. 1917
18
T.AO.O.—Kan.AM., Mort. 48.1990
O. Col Oln. A Ind.—1st, 7a,8.f.l899 105%
Michigan Central—8a.............. 1909
75
Tol. Peo. A West.—1st, g., 4 s.1.917
Oonaol. sink. fund. 7a.......... 1914
60
Coupon, 5a...............................1931 119
Ulster A Del.—1st, oon.,6.,5s. 1928
Cln. A8pr.—lBt,C.C.C. AI.7a. 1901
Mortgage 4s............................1940 103
l 0 2 7e
Union Paoiflo—1st, 6 s ............. 1896 103
103%
Oleve. Lorain A Wh.—1st, 58.1933
99%
Bat.C.AStrgia.—Ist,3a,g.gu.l989
Oleve A Mah. V.—Gold, 5 s ...1938
1st, 6s.......................................1897 103 103%
Minn. A St. L.—1st, g. 7a.........1927 142 150
DeL Laok. A W.—Mort. 7 a ....1907 127
1st, 6s...................................... 1899 103% 104
Iowa Extension, 1st,7s.......1909
Collateral Trust, 6s.............. 1908 100
8yra. Bing. A N. Y .—lat, 78.1906 125
Southwest Ext.—lat, 7a.......1910 124
Collateral Trust, 5s...............1907
Morris A Essex—lat, 7a....1 9 1 4 142 143
71
Pacific Ext.—lat, 6 a ............ 1921 121%
Kansas Pacific—1st 6s, g ...l 8 9 5 110 110%
Bonds, 7a ............................ 1900 111 112% Mo. K. A Tex.—lat, ext., 5s, g.1944
1st, 6s, g .................
1896 114 115
7t of 1871................... .....1 9 0 1 113% 114
Mo.K.AT.of Tex. 1st,gu.5s.g. 1942 75
80
O. Br. U P -F . o .,7 s........... 1895
let, con., guar., 7a............ 1915 145 145%
Kansas City A P., let, 4s, g.. 1990 *66
69
'j
Atoll. Col. A Pao.—1st, 6 s... 1905
Warren -2d , 7 a ..................... 1900 109
Dal. A Waco—1st. 5s, g u ....1940
U. P. Lin. A Col.—1st,g., 5a. 1918
D.AH.Can.—Pa. Dlv.,coap.7a.l917 143%
19
Missouri Paoiflo—Trust 5 a ... 1917
Utah A North.—1st, 7s........ 1908 115
Albany A Saeq —let, ga.,78.1906 122% 123%
lat ooll., 5a, g........................ 1920
40
45
Gold, 5s................................ 1926 100
let, cons., gaar.,08.......... 1906 116% 118
Mobile A Ohio—lat ext., 6s... 1927
____
Utah Southern—Gen., 7s ..1909
74
Rece. A8ar. lets 3oap., 7a.l921 >144
St. L. A Cairo—4a, guar....... 1931
Exten., 1st, 7s.......... . ......1909
Denv. Tramway—Cons. 6a, g. 1910
74
Morgan’s La. A T.—lat, 6a___1920 114%
Metropol. Ry.—lst,gu. g .6 a .l9 ll
Wabash—
1st, 7a.............
1918 124
Debenture, Ser. A ...............1939
Denv. A R. G.—Imp., g., 5a...1928 *81
Nash. Chat. A St. L.—2d, 6a.. 1901
Debenture, Series B .............1939
Det.M. A M.—L. g. 3%8,ser.A.1911
20%
N. O. A. No. E.—Pr. 1., g., 6a..1915
17
19
Det. A Ohio. Ext. 1st, 5s, g .1940
Det. A Maok.—lat lien, 4a,g.. 1995
92
96
N. Y. Central.—Deb. g. 4a___1905 105
Bt L.K.O.AN.—8t.C.Bdgeos.l90» . . . . . .
4a, gold. . . . . . . . . . . . . . . . . . . . . . 1 9 9 5
N. J. June—Guar, lat, 4 s ... 1986 103
West N.Y.A Pa.,gen.g. 2-3-4s.l943
48 "
Erie—3d. extended, 5a............ 1919 119
Beech Creek—lat,gold, 4a.. 1936 108
109
3d, extended, 4 %a................. 1923 114 115%
Inoome 5s............................... 1943 ........ 13
Oaw. A Rome—2d, 5a, g.,gu.l915
4th, extended, 5s........ ........1920 119
West. Va. O. A Pitts.—1st, 6s. 1911
Utica A Bl. Riv.—4a, g., gu.1922 105
5th, extended. 4a................... 1928 103
91V ........
N. Y. A Put.—lat, g., 4s. gu.1993
106% Wheel.AL.E.—1st. 5a, gold...1926
lat, con., g., rd, 7 a ...............1920
Wheeling Div., 1st, 5s, g ... 1928
95
N. Y. N. H. A H.—let, rev. 4a. 1903
Extension A Imp, g., 5 s,....1 9 3 0
B. N. Y. A E.—lat, 7a.......... 1916 >137% 139
N. Y. A Northern—lat, g. 5a.. 1927 119*" i.23**
Rifi A H W .-M ortg 6 b ...1 9 08 102
.
4%
Wis. Cent, income 5s. ........... 1937
N. Y. Busq. A W««t —2d. 4% «.1937-*....... 72
* No price Friday;
these are the latest quotations made this week,
tfor riincellaueou* IS o uds— 3d page preceding
See
LHE CH R O M OLE
i n v e s t m
AK»
e n t
B o lu s .
[T ol. L X IV .
Lttlmt Gross Earnings,
Week o r Mol
1897.
1896.
Jan. 1 to Latest Dale.
1897*
1890.
S
5
I
*
f
i
*
I
In<3, .UL A. Iowa, M a rch ,....!
77,541
61,501*: 205,058
218,133
lii.& G i. IQorch,i> 24 wk M ay1 52,761!
47,6161 1,2 8 k , a 7 5 1,086,262
r o a d
I n t e l l i g e n c e .
lIut-croH iMcAd.Wk. May II
5 1, hOOf 44,-100
873.189
72 ,1139
Iow a C en tral... :2d wk May;
27,3071
26,7411 539,388
700,739
Iron Railway ...\ a p ill___
2,354]
4.161*
12,508
16,734
Jack, T. A K. W. .March___ [
3 2,5*8)
30,731
87,582
88,930
RAILRO AD EARNINGS.
J am c a fn A 1,. K . iJ aauary,.. i
2,313
2,818
K&nawha<feMichi24 wk MitTi
9,428;
” 8*8911
164,238
t h e g r o s s e a rn in i
174078
K.
C,F.Bcott a M, lstWkMay i
71,162!
06,277: 1,585,610 1.465,812
iXXxM ruliff io\ fxatii w h ic h r»:*giilhr w e e k ly o r m o n t h ly r<-torn8 !v.C.Mem A Bit.\ 1«i wk 51ay | 19,339
17,7601
419,969
392,808
_
eat*. *-• ® h u d tw 4 . T h e first t w o o o lu m * s
'
tijju res g i v e t h e K an. C. K. W _ fA pril ...
23,9801
18, 36
1l a
86,038
4,855i
7 9,110
1,51 i
onnkv* v n r iu t )^ f o r t h e latest w e e k o r m o n t h . a n d tlie lust t w o Kan.City A Om ) Utwk Mav
34,656
K C. Pitt s. A U . 2d wk May
43,098)
18,408
626.4 82
2 3,715
ir t h e !«; r io d fr o m J a n u a r y I t o ftliKaii.C. 8 ub. BHi 24 wk May
10,068
5.588
2 3 '.2 9 3
90,043
*ek o r or .m th ,
Keokuk a Weat, i M wk Ai»V
i
6,552 i
10.847
114,518!
13 -.335
5,300
H m llm , tijH ti 1*0 b r o u g h t to g ith er s ep - L. Erie A ll A So. Vj*ril.. . . . . j
4.601
25.042.
22,904
L, Erie & Warn 2 - wk Mav;
62,78
61,438 1,182,4 1 i 1,246.219
< snh<*qurn 1 p a g e.
?
Lehigh & Hud. A p r il......
24,073
31.: 0 105,7i*3
.124,983
iru>nA'Ert#L M.mrh,,.. .
17,815
44,675!
17 547
49,669
|Jan. 1 to Latest Mate, L<*xp
1
hMimi Gross Earnings.
Lou*C lsiaii.il,... A p ril.........
.
290,728
894,430
921,947
Los An&. Term A n d l. . . . . .
7.15s:*
22.443
7.41 4
.,
31,269
, W ttkor S
lr> 1807,
185)6. ) 1897.
! 1890.
Louis.Ev.A St.L 2d wk M ay
20 , 108
29,55 c
480,287
517,314
Lou, H. A Hi, L , . 2d wk May
7.888
9,226
155, 39
*
S
160,842,
S
1 s
I
9
Lituisv.ANu?-hv /Jd wk May 874,020 367.440 7,176,256 7,159,983
20,275
Adifweclsclr., - . March..
1.8,107 i
55,813!
46,460 MatwmABIrm. A p r i l ..../.
3,3
2 547
20,238
20,294
1,02 J 20,O0H * 551,394! 508/955 Mapislhiue . . . . . A p ril.........
ASm, a t scniih, 2d wk -May
5 39
9,013
34,990
42,421
Am. Mni; -7,a4 ,. March*
51,685
47,013
185,771
10 6.0:4
MemphiKAOhas l stwk M ay
20,67
19,946
436,454
447,667
Alai. N. <>.T»* x. & P h* J un<*
i■
•
!M exican Cent,. 2tl wk M ay 253,952
97,94.2
& Orb A N. K. A p r il.,___
84,145
436,697
432,988 Mexiean Inter’l. /la r c h ...... 291.658 179.721 4,889,125, 3,645,537
262.814
803,874
742,467
40,648
A in* A Vteksfb- A p ril, . . . . .
37,0 5;
197,635
180 8u0
85,9 Mj 2,183,098 1,775,457
80,817
V cis ■ 86. a 1 Aj*rit........
*
34,385;
182.101;
1 6 - 565 IMex. National 2d wk May 124,498
57,706
78,492
167.; 20
227,669
185,043 20 i, 21
Allegheny Va.i M arch.....
561,801 Mex. Northern /ia r e h ,../.
531,703!
B ’ way a k. May
78,00 *
62,500 1.237,500 1,027,500
19,762
A na A r b o r ... . * 2 d wk May
18,556;
460 256
406,922 .'.MexicanS o------ *t h w k A p 1
51exican
r
20,097
15,420
241,571
180,356
Ark. Midland.. March.......
7,791
7,147
23,082:
23. 32 MiUneap, A St. L. 2dw k M ay
32,332
31,236
617,323
657,510
Atch- T- A H. Fe. March....... 2,543,470 2,274,603 0,973,509 6,9 0 8,278
M. S t.P .& a st.M 2d wk M ay
67.785
58,404 1/120,071 1,165,942
142,969 128,74
A%S»m%» A Char February
287,6081
250, i 68
Atlanta A W, P March. ...
45,241
137,428 Mo. Kan. A Tex id wk M ay 190,482 161,002 3,884/795 4,037,294
40.529
146,927
348,00
7,858,00U 7 .6 5 -,7 3 0
A lk e . A Ita n v .. 2d wk May
10,531
12,225
196,655)
206,1>*6 M o.Pac.AIrouM 2d wk M ay 3 9,Oo<
Ceim-ai BCch. d wk May
14,00
10,00!
359.00
247,92G
AtlwnUc A Pttu . February . 302/200 291,299!
580,711]
594.781
T otal........... 2d wk May 393.00
358,00* 8 217.00c 7.906,650
A ugioUis Bcmpi*. 1 ebruary .
8,7 h9
8, 3 0 ’
i5,442|
13,532
4,683
4,123
A a#tin A N*srcist Marcu*.,. .
18,243
19,614
53,030!
53,632 Mobil©A BJrim. istw k M ay
M obile & Ohio A p r il...... 272,0 3 273.462 1,245,306 1,151,222
A p ril___
32.7UO
35,553
108,505
312/
90,396
463,526
386,067
B*Ut, A U tito.,., A p ril, . . . . . 1,963.955 l 1,1 Ur 7,314,079 7,220,34 4 M out.AM ex.Gti A p r i l ...... 107,038
,95
Bui, A 0 ,8 o u ’* £u wk May 111,252 105,46a) 2,125.988 2,206,002 Nash.Ch.&8t.L, A p ril......... 393,229 373.030 1,642,460 1,660,910
Nob A 1C.. sSh'p’o February
9,875
5,000
19,129
9,247
Bangor A Armfr t :Mattsh.......
104,968
169,2~
Nevada OentraL Ma r c h ... ..
2,345
7 8*1
2,059
“ i‘,925 * 1 ,8 5 2
B a iliA nm isliM f';M art’ll.__
5,697
Bur. A A tia n S if. A p ril_____
1,700
1.651
7,047
7,213 N. Y .tL A H, K .. A p ril........ 3,504,808 3,412,84 13,6.38,"233 13,696,769
67,127
75,356 1,23U,220 1,189,165
B nm *w ‘ k A We*i M arv b......
14.392
133,112
46,320
142,342 N. A. Out. A W . 2d wk M ay
NALSusq.
M
..
162,517
4 8 ’ .,793
488,931
Bun.
Pitt ;2d wk May
63.592
60.773 1,112,181 1,109,198 Norfolk A A W . 2darch.. .av 180,065 166/268
West,
wk M
233,190 3,740,738 4,180,884
B alalo A sum*. . A p ril____
51,052
171,855
146,422
5,748
B u r.a Hap. A N ‘ - 1 wk May j 66,^20
11 177
6,8a5
12,980
65,093 1.255,655 1,509,865 N orth ern (Ga.) February .
505,94 1 514.957 1,580.40 8 1,408,944
Can ad tan r a d ii < 2d w k M ar 446,00
404,0
6,585,913 6,51 , 6 3 North’n Central March* .. .
Car. M idland.. A p ril.......*
2,53#
19,59*
17,030 N orton Pacific Istw kM ay 317,825 281,344 4,912,810 5,236,112
3.490
2.936
6.4 iti
5,892
Cent, of Georgia ;2<> wk May
79,442
1,878,562 1, 26.148 Oconee A West February „
71.81
18,055
18,943
Central of N. J M a r ch ....
343.672
308,718
893,2141 934,049 2,59 7,.: 69 2,765,166 Ohio R iv er........ 2d wk May
O hioiiiv.A Oka. M a r c h .....
18.762
17,73u
Oeatrai Paciile March.
1,002,7 29 j 953,150 2,665,8 3 2,689,889
52,589
55,079
59 874
213,149
5b, 697
Oharlettt’ ndrSav M arch___
251,996
192,067
57,168
56,387
177,738 Ohio Southern. A p ril____
27,287
Che#. A O h io... *24 wk Mav 184.206 192,917 3,981,801 3,744,37 7 Ohio V alley.......January,.
- _____
27,287
248,252 278,189
705,722
749,354
8,437,829 7,904,162 Oregon im p. Co. M a r ch .....
Obi a. A Eaai. Ill 2d wk May I 70,205
60,271 1.457,52*2 1,461,588 Oreg.HR.ANav A p r il...... 315,375 275,9.35 1,179,319 1,227,509
434,512 409.162 1,187,288 1,159,440
Chic. G i W e# ft 24 w k May!
83,8s 8
74,315 1.671.6 *2 1.717,182 Or eg. Sk. L in e .. M arch*.. . .
Cbie.MIL A St.P 2«1 wk M a i! 521,381 506,434 9,730,b5( 10.790,094 P ad he Mail.---- M arch *.... 413.S91J 351,9o
23
r
999.327
1,133,779
Chle-AN 'thw 'o
Penneyivania,v M a rch ..... 5,c 64,732 5,253,932 14,306,637 14.893,737
2,616.743 6,676,233 7.448.284
14,654
Chic. A tto, Pae March.. . . .
69,389
13,155
306, 65
308.977
214,473
66,022
204,332 Peoria Deo. AEv 2d w k Mav
52.796
64,088
O lio. Pet*, &m. L. | p ril........ |
A
49,499
141.440
137.190
76,4*3
268,48
317,838 Petersburg....... M a rch .,./.
2y0,621
C h lo .H k l.A F -'April........ 1,120.714 1,161,051 4.449,849 4,737,147 Pliila* A E rie.. .. M arch.. . . .
275,60b
811.385
826,050
ChlO-Bi.P.M. a u (M arch....
----556,544 584,686 1,618,103 1.759.284 Philai, A R ead... M arch____ 1,548,48 1 594 369 4,581,042 4,753.493
Chic, A \ Mich '2d wk Mav
V
Coal A Jr. C o., M arch.. . . . 1 256 099 1,603 747 4,460,360 4,961,539
27,317
24,818
536,560
532,882
Tot. both Go’s. iViarch.. . . 2 8u4,S81 3,198,116 9,041.402 9,715,032
Choc, Ok. A G n liM arch ___*
79,117! 73,603
280,348
304,219
48.575
Oia-Ga. A Fori# |March., , , .
133.401
57.717
158,288
4,156;
4.721
12.049
13,580 Ph. Read. A N .E March. ..
Clc.Jm k .A 51ms i l»tw k Max
12,0841 11.278
233,360
239,468 P h il Wilin. A B. March....... 77 *,707 672,707
GUl N.O. A X . p A p ril......
4,841,332
298,300 263,116 1,113,799 1,087,193 Pitts.0.0 .A 8 1 ,L A p r il...... 1,057,054 1,217,270 4,380.49
CBm Fort*. A V January..
17.652
3.777
3.60U
13.934
15 ,6 -8
21..-5.
17.052
21,553 Pitts.Lisb.AW ’n A p ril........
Cl©r.Can. A m .. 1st wk May
47.032
188,727
11.905
48,610
157,099
13,762
208,870
213,149 P itts.B es.& L.a. A p r i l .... ..
a-Clu.Oli.A6t.4 j24 wk Mat
Pittsb. A VVes’ ii 2d wk May
35,635
35,951
5 .5 .8 4 5
568,387
234,506 242.672 4,678,489 4,584,**23
J*60. A Bant'ti March. . . .
Pitls. OLa T oL 2d wk M ay
17,704
140.245 147,86b
18,28t
290,4 92
261,154
402,901
442.1 7
£1.1>-t & W h eel 2d wit Mat
Pitt*. Pa. < K 2d wk May
v
7,bOo
84,518
24,4 2
8,696
86.346
29,769
4-0,971
464,947
Col, MMiaadu.. a p rii___ .
62,92^
Total system .. 2d wk Mu,,
61,137
875,342
139,390 16 ,725
949,s70
528,051
607,7*46
OoL 11. V. a To A prU. . . __
87.940 125.811
359.224
284.251
187, 04 214,011
711,766
836,068 P m Vouiiii. A a . A p r i l .......
Crd.AHe<lMouni February
11,55.
vpiincyu.. K.C. A p r i l .... ..
24.597
27.582
99,725
92,343
22,778
Col.Band's? A i* April ...
62 OM
Rich.Fr'ksli & r M a r cu .....
6 i.2 b 6
64,405
171,698
162.815
51,743
210,558
Ooluaa A Cake April
KiCh. A Peters It March. . ..
29,956
1,50*
28 572
83,214
78,494
800
5.30 m
Cry*»wi ...
March---Rio Or. South’ ll. 2d wk Ma\
7.536
1,045
8,717
119.7 m
156,458
2. *2 i
1,144
Dumb’ i d Vail# March. ..
Rio Gr’dc West 2d wk May
47.S0u
58,86
46,900
773.224
796.143
164.720
63,9 g8
Dunv, A Hjo <<r 26 wk May 130.00
S L Jos,A G r, 1... 2«i wk Ma»
12,700
b/700
889,153
216,916
12 ,70
2,248,8 44
lPm Si a KaaA iHiwk Apt
9 2 .1 4 SLA. Uh.A SL P VpriL____'.
19,173
8,060
22,Buy
9-.1 8 3
46,467
3,3* 8
1>#* M. N. a W , A p r il...., ;
30,224 32,05.*
st.L Jveii'eiw so. A p ril........
2,237
16,743
12 .157
iXjLO.Hap.A W . 4 Wk Mfo
23.895
St. L A San h'rnu. M arch ... . . 5 2 m,765
1,414,4 j 3 1.491,311
19,705
431,968
M«m UHm- 'March, ..
St.L. Southwest 2d wk May
08.400
58,724
70.500
127,828
48,391
JDhluthB 8. A A ti■lUMfwkMay
st. Paul A Oui. A p r il......
102,. 15
28,100
99 05i
379,187
361.237
4 4822
4 >*,669
KbtteJ'al,*feo* I .*
AJMSl,
8an Ant. a a . P. March.......
164.178 100,026
141/JU4 120.369
425*240
397,670
378,98 o
. . . . . . . . . . . . AfarH
i,
ban Fran, as N.P. A p r il..
57 U40
2,465,706 2,409,0 78 6,853,8 uh
194,438
202 *33
55,455
Mmmkm&ptftixp.
8a v. PI a*a West March,
206,799 279,it03
**,."• 4
'* ,
872,141
867 781
4,710
3,04 2
Mwmm.m fmt'ph, M wk May
5,203
0,337
Kfmr.skrcv.Abo. 4t,hwk A pr
5.10.
6,374
89,345
85,636
02.138
ftvmm*. A n ice. Ut wk May
80. spr«* O. A G M arch.. . . .
18,025
1.409
40,705
17,781
2.219
48.193
2 i,3 79
S w u m *.# X. li 2d wk May
HUverton .......... December.
3,oo4
2 L »J 7
12 471
52,260
77,140
3*15,522
10,4031
ftU
tatoai
Mart*ii. ..
H .li a v e n & East a p ril
o
1*802
540.4 411 586.961; 1,566.505
1,857
6,706
'8,182
Fltol* a iS h q. 24 wk May 45,92'-. j 44.9 9 988,811.
S fcr
So. Paeiiie Co.
Fla-t:caCA Fen utw k Mat
52 6 .1
Gal.liar.A S.A M arch.......
374,166 393.519 1,099,999 1,253,952
45,925
8*7,46 1
1
■fcWAhALteali Utwk Ml*.!
21 ,-32
89,3c U
77,-101
262 627
2 5 0 .2 :9
24,o 3
Loniji’ a, Went .March___
344.15 *
FA W a ♦ Or
**»>
447,722 31 5 * 72 1,305 S23 1 .0 0 ,- 8 6
Moi a . ii' kL w J. M arch ,. . . .
>
8#.i O
21.480
10».003!
<*iw A Alt. i
9a..
600
N a , T, a Jit*a . March.
4 2 540
8. 0
19 c5 *
13 174
* 3 808
2.* • Oj
•b
GWfrgimiiff
23,094 f 18,605
Tex. A N, u rb . 'M a ich .......
139 413
331.9 2
389,4*6
107 ..951
576,580
a Ala*
I 8,298j
lu ? 9 i7 s / 99 *,962 13 ,159,62s t3 .'-29,526
Ati. Pmidtws.'•{March..
354, 38
14 J . 4
IHM'afXa A >«* \Mw
77,408
..564. *b9 2 503 420 7 006 5 ? I 7 351.290
Pacific r*j «i cm IMart h.
60 93
25 .402
€ ® rMa Fia
U*« »
0. ,04 1 * 08,2bi,i
.
1,913 999 3 ' 1 . ,6Sd 10,715 945 ll.0 n 9 .3 6 0
Total ot n il./ M an it..
273,739
# f , Bap A iad
i wk ,
34.885)
7b9 3 i 1 S3 1,8y; 2,1< i t3v3 2.460,738
s<».
* 1 1 'a i. M arch. . . . .
■
35,6491
003 9141
CSJO A Iri V
.tt
.
i Wk i
8,538
2 .9 <2*> 204 0*7
6 i4 io 4
6 12 -2 1
Su.l a c .o iA i«/,. M arch .... .
14 l,3.5*>
8,004
1 .«,171
332,506
309,786
S o.l’iK.tilK.Al 31u. cl],
99 823
1,1 56
,
A i
2.187
> ' 1v! iltu ! Hy U la icll___
154 13 153,844
464 391
450,586
2,308
37.495
t v e ah
40.522
-ou tlicn i Hy___2it wk Mav
33 i ,357 316/109 6,9 <6,84» 6,741.296
47,172
850,500
Ofi|SMf Tr«
32 ‘ ,14 5 332,000 5,716,it 6
8iaik I ’hsA Not I'vlilamry
..b.OOo
92,80 •
51,78®
60*937
1, 128
2.602
01,’' Oil| 1,014*781
3.290
»u iii>t;i,3 < .Mi OMutioi,....
J,1 3
aMUttfeif <
16,321
82,o93
267,543
326 633
10,409
6uih!uil Biaoclj. A p r il...
325.6 7
1,9 -0
2,80-4 j
263,600
57**6
-0 3 746
•33,73-.'
4.J k la l. oa i. April..-7 *,890
1,710
119.303] 100. HJ
5 3 l,U 3
629.279
l o t ‘ I noth Go's April
85,402
1,0114
2 1 ,-86
Oiwwt Jfavtfe'i*
4/177
3c 4 1
78.581
80,098
Te x as Cent ra I.. I hi wk Ai a y
i c p, jn,, a it A i’l
’ 1,09 8,117; 1,0.12.7 It] 3,670,871
,58,0/6, 2,342,600 2 .2 3 8 ,ii2
Texas A P acilto. 2d wk May
M m Mitts, A (-1
lo o ,4 9 i 06.5321 1,105
2,2 10
1,9 8 4!
361,436
10 050
Tex. b. V,A N, W. A pril
A l»l
11.0,17-] 186,6 0 !
2u,,53|
580,590
80,458
035,155
<22,34 7
Tol.&'UhioUeuL 2 ci a U May
l o t m w m i U pi
t,854.2<M ’ 1,2 97.6 9,’ 4,600,6 >3
•
7,560
17,70 «!
293,370
341,848
Toi, P. A W est.. U twk May
W ti
9,620*
39e09
39,024
756,102
0-8,87 1
7,336
» 36,571
T oi.st. L. A K.O. 2d wk May
%mt a dam m e
...
3.0159,128 1,083,508
69,107
980,582
3,303‘ \ 14,331
Un.P.J>em AG.. Istw kM ay
g
1 « a..# W| ’ A j.n l......
;
3,350
4,305
VI ',912
Union Pacific— |
liana. A
: March,.
270,:s3.] 239,5(13
7 ? fK b o
Union P .R R .. M a r ch ..... ,130,211 1,071,907 3,118,052 2,934,703
B lls e h On?r*»i lA p H l.....
4 09. V-Vl, A- S ■/ V jlfnll
4
M h m i w**#i *U ttrk 31a 11567737 '1638741! 7.053,987
24,169
87,384
110,038
72,378
3,90^ c m .i r , & w 5 a u t c i i , . . - H
7,541
136.483
THE CHKOJN MJLE,
Ma t 22, 18d7.|
Latest Gross Earning $
Roads.
|---------------Weefcor Mo
1897.
1896.
Jan. 1 to Lacest Do. e.
1897.
1st week o f May.
1896.
«
*
s
Un. Pac.—(Con.)!
14,000
10,000
356,646
Mnr.Blanch.' 2d wk May
247,919
87,569
52,643
Cen.Br.AL’dL March.......
256.646
16 ,934
Gr'd total.”< March....... 1,366.046 1,232,78) 3,794,815 3,432,933
W»bagli ...
2d » k May 211,042 215.046 3,920,51- 4,315,409
19.977 . 20,62 *
53,615
W voANorthw March.......
60,638
16-t. 86 158.Oil
416,38
4 2',148
W. Jersey <£9ea’c Maroh.......
97.607 1- 2.971
259.794
W .Cen.&Plts March.......
273,572
*23.198
50,342
55.742
West Va.&Pitt February .
23.2' 9
51,949
41,13*
140,971
165,334
Westers of Ala March.......
6 1 .’ 00
48.400
866,496
West. y. Y. & Pa letwkMay
912,119
l 5 ,‘»03
3 56 ,i 7
454,815
2 5 )6 7
Wneel. & L. Erls 2.1 wk May
82,03 s
90.4)9 1,3-6.50
Wisconsin Cent 2d wk May
1,401,043
6,419
9.937
22,348
27,70 )
Wfightav.A Ten March.......
' Figures given do not include Oregon Ry. A Nav., On. Pac. Denver A
<?uli, Denver Leadvllle A Gunnison, Montana Union and Leavenworth
Topeka A South western, a These figures include results on eased line*6 Includes earnings from ferries, etc., not given separately. JMexi
can currency, e Includes only half of lines In which Union Pacific has
a h%lf irterest
d Includes operations of the Ohio. Burlington A Northern in both
years.
§ Covers '•©suits for lines directly operated east of Pittsburg
/T he earnings for the fourth week of April in 1895 were $1,411,000
Austin A Northwestern, Central Texas a .Northwestern and Ft. Worth
New Orleans.
tIncludes 8t. Louis Alton A Terre ITaute for all perio Is.
Louisville Hend.A St. L..
Memphis A Charleston..
Mobile A B irm ingham ...
Rio Grande Southern . .
...
Texas C e n tr a l.......
Toledo Peoria A West’n..
Un. Pac. Den. A G ulf___
T o t s !‘ 80 roads
Vet increase <3*41 o.
993
1897
1896
$
7,907
20,677
4.633
6.7H
4,377
17,700
69,107
6,316.495
...
Increas
*
8,914
19,*16
4,123
8.005
3,641
17,563
59.128
6,108,200
............
731
560
736
132
9,979
409,3*9
208,235
Alabama Gi. Southern..
Ann Arbor..................... .
Atlantic & Danville.......
Balt. A Ohio Southwest..
Buflaio Booh. A f Itwb’g
Canadian Pacific.............
Central of Georgia..........
ChesaueaRe A Ohio.........
Chicago A East. Illinois.
Chicago Great Weetern..
Obloago MUw. A 8t. Paul.
Ohio. A West Michigan...
Oleve. Cin. Chic. A 8t. L ..
Clev. Lorain A Wheeling
Denver A Bio Grande..
Detroit Gr. Rap. A West.
Rvanav. A Indianapolis.
Evansv. a Terre Haute..
Flint A Pere Marquette
Georgia..............................
Grand Rapids A Indiana
Cin. Rich. A Ft. Wayne
Traverse City................
Mus. Gr. Rapids A Ind.
Intern’l A Gt. North’n ...
Iowa Central....................
Kanawa a A Michigan....
Kan. City Plttsb. a Gulf
Kan. City Suburb. Belt...
Lake Erie A W estern....
Louisv. Evansv. A 8L L ..
Loulav. Hcnd. A 8t. L ...
Louisville a S aahviile.. .
Mexican C e n tr a l.........
Mexican National..........
Minneapolis A St. Louis
Minn. 8t. P .A 8 .8 . M ....
Mo. Kansas A Texas.......
Mo. Pacific A Iron M t....
Central Branch.............
N. Y. Ontario A Western
Norfolk A Western..........
Ohio River..........................
Peoria Deo. A Evansv...
Pittsburg a Western.......
Rio Grand* Southern....
Rio Grande Western.......
8t. Joseph A Gd. island.
Bt. Louis Soath wo« tern..
Southern R a llw a /........
Texas A Pacific...............
Toledo A Ohio Ci ntral..
Tol. St. L. A Kan. City...
Wabash. .... ........... ...
Wheeling A Lake Erie...
Wisconsin Central...........
Total (56 roadBf----Net increase <5*31 p o )-
1897.
1896.
*
24,623
lb,762
10,531
111,252
63,592
446,000
79,442
184/206
70,205
83,893
521,381
27,317
234,506
24.452
130.000
23.895
5,263
21.397
45,922
23,094
34,885
8,533
717
2,187
52,781
27,307
9,428
43,096
10,063
62,733
26,408
7,83s
374,020
253.95 2
124,496
32.332
67,785
190,482
379,000
14,000
67,12?
180.035
1*,055
14,654
61,137
7,536
47,80*'
12,700
68.400
331,357
106,813
26,753
39,609
211,042
15.903
82,039
*
26,068
18.556
12,225
105,46b
60,773
404.000
71,815
192,917
60,271
74,315
506,434
24.813
242,672
29,769
128.700
19,7o5
5,195
19,463
44,9rtu
1»,665
35,649
8,004
1,156
2,363
47,616
26,741
8,891
13,103
5,538
61,438
29,656
9,226
367,410
179,721
85,9)6
31,236
58,404
161,003
346,000
10,00u
78,356
233,199
18,943
13,155
62.928
8.71 .
46,900
8,709
70,500
310.309
88.636
30,4 *3
39,02 1
215,946
25,867
90,459
5,183,760
_____
4,903,273
............
\ Increase.
9
Decrease.
$
1,206
5,787
2,819
42,900
7,627
9,934
9,513
14,947
2,5u4
__ T __
1,300
4,130
63
1,931
923
4,429
529
1,445
1,694
8,711
8,166
5,317
_____
764
439
176
5,145
566
537
29,695
4,530
1,295
6,610
74/231
38.542
1,096
9,aSl
29,480
31,000
4,000
1,499
900
4,OUO
15,043
18,17?
585
___
3,148
1,388
8,229
53.125
888
1,791
1,181
___ __
.... ....
2.100
3,700
............
4,904
9.9 j4
8,420
386,037
260.487
125,550
. . . . ----
For the first week of May our final statement covers
80 roads, aod shows 3*41 per cent increase in the aggregate
over the same week last year.______________________________
1 st week o f May.
Frev’ly reported (57 r*ds)
Burl. Ced. Rap. A Noith.
Chicago Great Western..
Cleve. Canton A Bouth’n
d ev . Cin. Chic. A 8t. L ..
Duluth S. 8. A Atlantic...
Evansville A Richmond.
Fla. cent. A Peninsular..
Ft. Worth A Denv. City.
Grand Trunk—
Chicago A Gr’d Trunx.,
Det. Gr. Hav. A Milw.J
Cin Sag. A Mack------Tol. Bag. A Musk...........
Indiana Decatur A West.1
Kan. fclty Ft. 8. A Morn..
Kan City deni. A Blrm..,
Kansas City A Otnaha. .
1897.
1896.
$
*
5,517,395 5,295,035
65,093
66,320
77,279
80,3 «1
13,762
11,99
24*2, -72
228.935
45,322
28,106
1.499
2/219
45,925
52,6 71
24,593
24,282
50,937
16,321
1.998
1,719
8,90s
71,162
19,339
4,855
62,409
15.409
2.504
1,064
7,541
66,27;
17.760
1,511
Increase.
$
374,301
1,227
3,902
.... . 6,746
............
Deer east.
T
>
151,911
.... ...
1,767
13,737
17.716
720
........
311
11,472
912
.... ...
65)
.... ...
4,885
1.579
3,344
.......
...._
506
633
1,007
1,294
201,104
. . . ____
N et Earnings HoutliLr to .a le s f D a te s.— The fo llo w in g
shows the gross and net earnings to latest dates o f all S t e a m
railroads furnishing m onthly statem ents. The com p ila tio n
includes every road fro m which we can get retu rns of th is
character and in that form is given once a m onth. E arly re
turns art published from w eek to w eek, as soon as issued, bu t
for the convenience o f our readers all the roads m aking re
turns ai e brought together here in the w eek in w hich we p u b
lish our m onthly article on net earnings— say on or about the
20th oi the m onth.
Besides the roads furnishing m o n th ly
returns, we have added this tim e the roads which m ake quar
terly returns
The retu rn s o f the street railw a ys we g iv e b y them selves
these ta b u la tion s
Latest Hross Earnings by Weeks.—Toe latest w e e k l y earn- und er a sep a ra te head a t the extrem e end o f
—see va q e 996.
inKB in the foregoing are separately summed up as follows :
-Gross E arnings.—
For the second week of May our preliminary statement
1897.
1896.
o overs 56 roads, and shows 5-31 per cent increase in the
Roads.
*
$
20,275
Adirondack............... Mar.
1*,197
aggregate ver the same week last year
46,460
Jan. 1 to Mar. 31.......
55,8 13
2d week o f May.
Dei reuse.
$
$
Alabama Gt.Soutb.a. Mar..
121,539
123,520
Jan. 1 to Mar. 31........
384.128
354,b46
July 1 to Mar. 31. . . .. 1,243,173 1,307,709
51,685
Alabama Midland....Mar.
47,013
Jan. 1 to Mar. 31........
185.771
166,044
521,990
July 1 to Mar. 3 1 ......
48 5,091
185,043
201,321
Allegheny Valley___Mar. .
Jan. 1 to Mar. 31.......
531,763
561,861
Annap. Wash. A Balt.—
11.904
Jan. I to Mar. 31.......
10,189
116,722
99,125
Ann Arbor. . . . . ....... Mar. .
273/280
Jan. 1 to Mar. 31.......
310.978
7,791
7,147
Arkansas Midland. . . Mar.
23,032
23,532
Jan. 1 ro Mar. 31.......
Atch. Top. A 8 Fe.b. Mar.. 2,543,470 2,274,633
Jan 1 to Mar. 31........ 6.973,509 6,968,278
July 1 to Mar. 31........23,160,677 22.377.64L
45,241
40,5 33
Atlanta A W. Point..Mar.
146,927
137,4 18
Jan. 1 to Mar. 31.......
430,525
July 1 to Mar. 31.......
437. *40
45,866
Atlantic A Danville. Mar.
4V203
130,30 >
123,6 25
Jan. 1 to Mar. 3 1 .....
426.527
July 1 to Mar. 31.......
400,759
3 >2/26)
291,299
Atlantic A Pactfio....Feb.
5 3 0 , 1 11
5 ♦4,791
Jan. 1 to Feo. 28. . . .
July 1 to Feb. 28....... 2,227.775 2,371.353
8,749
8,130
Augusta Southern....Feb.
15,442
13,5*2
Jan. 1 to Feb. 28.......
19.614
Austin A Northw
Mar.
18,2 43
53,8*2
53,030
Jau. 1 to Mar. 31. . . .
Baltimore A Ohio.b.Mar. 2,121.912 1,916. :68
Jau. 1 to Mar. 31. . . . 5.850.124 5, 72,205
July 1 to Mar. 31____ 19,3o3.473 18.00 .,221
431,427
451,005
Balt. A Ohio 8outh w..Feb.
97 1,24*
926,197
Jan. 1 to Feb. 28.......
July l to Feb. 28. . . . 4,066.53d 4,422,069
Bangor A Aroosto k—
169.272
194,968
Jau. Lto Mar. 3 L.. . . .
1,852
Bath A Hammonds..Mar.
1,925
Bellalre Zanesv.A Uiu.—
24,714
21,851
Jan. a to M *r. 31.......
1,53 7
2,063
Btrm. A Atlantic, b.. Mar.
5,56 ?
5.3 47
fan. 1 to *far. 3 1.......
19,9*5
16,637
July 1 to M .r. 31.......
Bostou A Albany, b —
Jau. I to Mar. 3 1 ..... 2,028,716 2,072,585
Boston A Maine b Jau. 1 to Mar 3 1 ..... 4/233,775 4,275,111
Boat Rev. B A Lynn—
47,8 40
45,930
Jan Lto Mar 31.......
Bridgton A Saco Rlv.—
6,141
6/295
JaQ. i to Mar. 31. ..
46.320
44.392
Brunswick A West ..Mar.
1 1 1,3 12
1 3 3 .1 1 1
Jan. 1 to M ir. 3 \. . . .
431,521
430,920
July 1 to Mar. 3 ' .......
331,107
2)2 8 10
Bad. Pooh.APitts.b .M tr.
7 <9, ) >9
70 .2 «*
fan. I to Mar. L .. .
.
July 1 to M tr. *1....... 2,5 * 4,99 4 2, >12.308
51,052
40.108
Bufialo v Siuq teb.a. Vpr.
146,422
171, 55
I a1. 1 to \ or. i >.......
1
4 JS. 6 )
4 9 ,3 1 4
July 1 to A jc 3 . . . .
4 15,119
325,333
rturl.«Jed. R a Vo. t..M ir.
935,2 41 1,119,>61
Ja w • to Mir. i l . . . .
Cauad < Atlantic—
119,095
135,492
Jau. to Mar. 31---- *
Canadian Pacific..» . Mar. 1.53*. 45 1,5 >*.6 ►
Ian. I to V ir. 31. ... 4,113.963 4,30 J.657
I
Il *.J >3
_
Carolina Midland_ M ir.
4 a . >7i
415,31 1
Cent, of Georgia, a..Mar.
Jan. I to Mar. *1---- - 1/393,9 12 1,463,6 *
4/299 031 1.409,2*3
July 1 to Mar. 31.
9 *1,0 l >
Cent, of V. Jersey.a. M ir.
8 >3/214
fan 1 to Mar. 3 ____ 2,59 7,36 J 2,7 6a. 166
Cent. N. Y. A Western—
............
19,083
Jau. 1 to M ir. 3 . ...
953,150
Central Pacific, b......Mar. 1.0 )2,729
Jan. 1 to Mar. 31. .. •2,665,393 2,6)9,339
56,387
57,163
Char. A Savannah .. Mar.
177,733
192,067
Jau. I to Mar. 31. . . .
397,309
424,703
July 1 to Mar. 31.......
Net Earnings.----1897.
1896.
8,731
26,411
29.943
99.943
437.307
def.997
3 t ,432
99,283
65,8 22
185,062
8,313
20,581
34,031
90,600
466,886
1,533
3 0 ,5 )3
84,830
66,389
173,310
1,353
47,8)0
103,568
2/250
def.316
‘ 542,834
1,469, ->93
*6,456, L96
16.361
63.921
186,323
14,536
29.777
97,548
69,943
124,572
499/267
2,656
4,729
6.127
18,516
477,160
1,056.16 3
4,440,930
120,937
234,017
1,223,658
3,563
75.463
364
1,038
262
7 .7
4,337
1,222
5,632
‘ 534,656
1,914,974
*5,460,490
13,672
56,156
1)0,870
12,942
23.6 25
100,386
58,278
84,644
250,163
3,892
5 ,o l0
6,051
15,536
588,979
1,211,578
5,346,463
148.058
263,113
1,523,564
64,322
652
def.938
def.O 4 1
def.o7 4
* ,-9 /
734,338
787,323
1.264,994
1.0J1.977
1,504
2,533
2,0 L3
11,40*
36,14 2
149,000
78,967
24 *,05 L
85 2,323
26.561
77.i >3
217,3 46
121, *83
35 i.450
2,069
9,944
3 8,7 >5
10 J,688
49,107
19 * 3 3 1
19 2.313
12.35 5
52,166
173.949
157,55 f)
4 i i,5 t o
21,760
42,995
520.213
4 6, > *i
•
1.273, *79 1,3 >i,2 i;
III, >28
125,313
12 .,777
5 3 715
) *3. L
<>7
1.655,205 1,618,6 >7
259,114
272.578
77 J )80
.
841,32*
2,293
3 >1,436
860,4*2
11,545
70,302
112,127
311,639
845,407
15,153
58,373
79,868
1HE
991
Taae
■l i iw i k aram g *.—
IStt
#
m*.
812,700
,-*.H*r* 1.031*553
*
$|....... !%,130,5 M 2,511,331
•
8,0 *9,039 7,738,810
> 4 *< ,
CHKONIOLEL
■Nil tla m ingt —
1886
1897.
233.163
781,313
2.852,017
263,713
735,110
2,461.323
M
E l*U r * m *731 2,742.111 :1,351.723
>
§,43?*SSt 7 ,9 M .162 :3,591,715
At. 3 l. . . . 1
'Obi M. A - 1*. H ,M *r. 3.338*338 2.749.351 1.019,371
2 m . i to, || 3 l „ „ , 6.14 8 ' U 7.334 655 3.509,491
» HAt. 31.......'1 4,204,79 8 25,452,379 9 28 ','7 7
Jail
55,291
69,389
68.022
A Ki9. i i .. M if.
Obi
171,033
214,473
204,312
j
. 1 «o >i tr.
39.419
123.228
eta e, m 'W<ml Mtot
133,623
67,570
385,074
360.415
2m . 1 Idi M 31.......
16,191
73,603
79,117
- k
t O ilM i i.1 . M*r,
<km
74,119
301,219
280,343
i
si . l 'W Mif. 31,..,..
167,332
521,144
543,569
t»M
W&t, i % if* f t . . . . .
5,323
53,271
b Mtr.
53.410
Qtft JtuBli. s t :sia
19,473
Ja - x mMif* 31....... 162,736 189,473
m
<Sa.S.')r..% r * * .r » U*r.
390.703
280.920 93,584
J*tt l to Mar 31.......
815.499
824.077 282.349
July 1 to M *r. 3 1....... 3.538,789
3,859.559 730.170
<n*vf. Canton A So Mar.
54,909
50.150
9.662
1,06 5,373
•2,76 1,510
Jsk®
_ t
"W li
w
fli#*
JU
n .M
.r .M
_____
July l to lU r. 3 1 .....
C .» * .a n .0 .4 M .!.» .M a r .
j „ „ ! t-. M«r. 31.......
Fe ,rl» A RtasFn a .Mar.
July l to Mar. 31.......
O ev . Lor. .V tv nor)...M ar.
Jan. 1 V Mar. 31.......
O
July 1 to Mar. 31.......
Colorado Midland.. Mar.
J m , t to M ir. Si**.:*.
Oolumb. Nrwb, A Laur.—
Jan. 1 to Mar. 31.......
Oalutnb, & R*wt Mt - - Feb.
J an. 1 to Ft?b. 2 8 .....
•Col. San. A llock lag JCar.
•Crystal.................... Mar.
Jan. 1 to Mar. 3 1 .....
OatabrrlanJ Valley..M ar.
Jan. i to Mar. 31.- —
Delaware & Xlntlson—
1,' 11,743
>,642.212
10,544.803
51,0 58
142,764
25.526
49,714
15,766
60.721
103,018
6,791
17,910
79,191
207,233
812.353
10,20»
21,770
1 1 1 .8 0 4
1 3 0 .3 8 8
2 1 ,1 8 3
1 1 8 , 1 84
510.453
518,751
92.050
244.631
1.131.013
991.382 327,920
7.'2.097
3.173.799
3,003.3 ?0 848.083
---------- --------------------- 2,526.200 2,679.488
33,806
3 2,759
147,368
140,245
117,672
442,157
1 (4,009
402,901
378,595
281,485
1,236,278 1,474,311
25,698
27.070
99,132
90.007
64,365
85,248
236.697
259,019
34 7,398
262,542
857,511 1,133,02?
39,205
33,195
138,180
157,507
111,255
62,391
447,021
389,661
..
______
l.5,uzu
21,83 I
75,0 70
102,581
4.30 J
11,5 >2
.... ...
7,529
22,778
6,661
5,992
57,484
56.367
def.229
640
1.141
1,015
del. 103
801
2,024
3.338
2 ,085
19.857
63.961
59,961
55,322
43,423
161,720
1S4.869
93,735
130,614
467,102
•186,394
U an . 1 to Mar. 31.......
S . Y. at Canada l>—
43,2 74
49,171
192,264
187,298
Jon* 1 to Mar. 31.......
Albany A 8u«tt. t> —
. . .
42 3,8 33
344,704
848,132
975,613
Jan. i to Mur, 3 1 .....
C el. Lack. A Western b—
535,729
451,577
Jan. 1 to Mar. 31....... 1,235,523 1,481,101
228,958
558,804
229,658
520.786
D en. A K. Qrande.b-.Mar.
5 59,356
615.019
Jan. 1 to Mar. 3 1 ....... 1,447.841 V U 0 3 5 3
5,723,122 2,105,823 2,481,953
Jn1y 1 to Mar 31— . 5,217,304
4,006
11.503
3,289
&A§ Molne* k K. C - - Feb.
8.631
6,345
6,733
23.64 J
16,497
Jan. 1 to Feb. 28___
13,405
10,716
39,731
De* Moines No.StW,. Mar.
34,555
39,429
113,945
26,317
Jan. l to Mar, 31.......
96.923
95,079
24,357
3.8,064
105.839
Bet. Gd.
A tV.a.Mar.
45.607
295,835
259,583
26,689
Jan, 1 to Mar. 31.......
19,413
48,391
19,699
D etroit & Mack’ (?.a..Mar.
53.724
46,'204
49,617
127,823
Jan. 1 to Mar, 31.......
131,038
317,212
71,700
98,160
■270.233
July 1 to .Mar. 3 1 .....
D alntbB o. 8b.A A ll.—
430.293
65,025
149,401
Jan. 1 to Mar. 31.......
315.173
Dunk. AILV. A Pitta.—
Jan. 1 to Mar, 3 1 .,._
40,722
41,917 def.8,740 def.16,271
134,815
43,078
Klein Joliet A K n . Mar.
101,097
40,151
341.325
Jan, 1 to Mar. 31.......
274,913
100,605
11 8,(7 6
July 1 to Mar. 31.......
891,711
977,768
315,132
337,805
619,701
E r ie ............................ Mar. 2,455,706 2,489,073
557,523
Jan, 1 to Mar. 31....... 6.853,968 0,9*1,957 1,285,723 1,472,851
July l to Mar. 31....... 23,454,790 23,893,441 6,071,532 6,030,538
1,139
Eureka S p rin g,........ Jan.
3.942
4,796
2,459
Jftali Brook—
J ib , 1 to Mar. 3 1 ..* .,
130,625
134,367
46,380
30,476
PlUhbare.b—
Jan. 1 to Mar. 31....... 1,565,505 1,076,020
438,275
368,830
Flint A P ereH *rq .». M ar.
317 878
213,043
59,889
64,144
665,040
Jan. 1 to Mar. 31.......
613,075
160,633
173,833
Fla. Cent. 4 Fetiio.—
Jan. 1 to Mar. 3 1 .....
581,461
535,575
172,336
117,611
f t . W. A Ilsur. City.,Mar.
80.533
72,925
13.614
4,501
j in . i V0 Mur. 31.......
238,952
215,775
53,147
15,375
Qtdudeti k Att, Un.„ Apr.
800
379
809
183
JiU. 1 to Apr. 3 0 ..,..
2,688
3,415
910
1,638
VJsorgla.*.................M a r,
129,011
123,941
32,638
27,854
Jaii. 1 to Star. 3 1 .......
428.232
428,279
140,794
140,992
July 1 to Har. 31....... 1,289,731 1,212,783 8434,051 (5114,522
Georgia & Ai*b*.*».>Miir.
79.813
42,705
12 ,2 11
9,878
Jan. 1 to Mar. 31.......
285,540
145,562
61,150
49,428
July 1 to Mur. 3 1 .....
790,739
425,380
210,957
122,917
Hi* South. A Fla.» . , . Mar.
03,948
63.498
16.291
8,563
Jan.. % to Mar. 31*,.*,
210,828
220,067
71.969
74,290
July l to Mar. 3 1 ,...,
087,443
604.541
228,287
256,931
fJrmtioa A t! ptOB—
2 m . 1 to Mar. 3 1 .., ..
12.397
13,213
0,452
5,798
CM Ump\4* <k I fi<5,,,. Mar.
L
210,426
225,508
03,069
52,205
Jan. 1 I-.,*Mar. 31.......
566,882
623,785
153,983
131,883
Qt.Trunk o f Canada.Mar. 1,439,496 1.378,031
427,136
350 955
Jar,, t to Mar, 31....... 3.932.37.3 3,981,318
893,415
745,670
0 bXft»Jk Or* T walt.illftr, 258,713
289,173
35.273
20,215
J ia , 1 to Mar. 3 1 ..,* ,
720,899
801,491
70,215
48,859
•
83,063
7 4.409
13,553
4,896
Jaa. 1 to Mae, 3 1 , . . . ,
210,082
28,182
545
C a ll A Cbiwwro. b .... Mar.
3.660
2,823
507
107
2m . 1 to Mur, 3 1 .,..,
11,313
10,057
3,084
1,428
T
l'itiit-k Wilwo ..Mar.
3,760
3,955
1,721
503
Jan. 1 So Mar. 31.......
10,562
11.496
4,810
2.339
Fionas* A T%%. r e n i ,. Msr.
270,333
239.503
52,782
16,833
2 m . X to Mar. 3 L * , „
747,500
721,779
149,538
135,593
[ V o l , LLS1V
— 8ro*« Earning*.---- . -----.Vet K a n u n g s.-— .
—
1897.
1896
1897.
1896
Scad*.
*
4
«
*
Illinois Cniur.il n.t.M nr. 1.807.201 1,724.831
552.605
515,138
Jaa. I to Mar. 31....... 5,484.210 8,40 .738 1,848. >84 1.463,985
Ju ly I to M ir 31. ..16,934.238 17,029,533 5 ,2 6 ',7 (1 5,870.211
Indiana lit. St Iowa.,M ar.
61.501
33.127
77.511
12,793
Jan. 1 to 'tar. 3 i ___
205.058
21-.133
76,100
71.438
July 1 to M tr. 11. . . .
65 (.2 6
602,300
137,488
140,(08
Iow a Central l>
..M ir.
172,176
7 '.423
131.237
10.971
Jan t to Mur. 3 i.
2 )2 .6 7 9
374.703
111,7 6
506.979
July 1 to Mar. 31. . . . 1.189,444 1.154.181
333.139
574.518
Iron Railway b .......Mar
3.148
235
4,475
1, -5'!
Jan. i to Mar. 31. . . .
10.164
3.327
580
12.573
July l to X tr. 31. . . .
L
1,420
29.978
36,7 IS
7*o02
Jack. Faui. & tv V Mar.
853
82,558
3 0 .7 3 1
8 033
Jan. 1 to Mar. S i. ...
1,0 )5
8 ’ .532
89,93 >
13.>84
Apr. 1 1 1 Mar, 31. . ..
306,233
ddt5,667
317,-7 8
18.9o8
Jam est’ a St L. Brie, Jan.
2,413
def,51
11,4*1
Kanawha St Vtloh. b .. M tr.
37.6 '8
40,110
2. 03
116.20 L
28,32 4
Jau. 1 to Mar. 31.......
117,3 * 1
21.116
89,769
354,146
3«u, (30
July 1 to M *r. 31.......
05,165
108,997
421.198
361,533 d 12 a, >80
Kan. C. Ft. 8. A M .a. Mar.
330.046
372,603
Jan. 1 to Mar. 31....... 1,170.589 1,133,116
July 1 to Mar. 31. . . . 4,515,744 3,535,211 1,140,652 1,O8(.086
99,200
21,111
7.S20
85.343
Kan. u. Mem. A B .a.M ar.
6 0 ,1 (7
3 1 7 ,-9 4
8 s ,984
300 818
Jan 1 to Mar 31.......
189,977
974,948
952,203
235,039
July 1 to Mar. 31. . . .
Kan. City A Northwestern —
def.354
66,902
30,514
91,723
Jau. 1 to Mar, 3 i .......
12,573
32,352
29,9.52
10,623
Keokuk A Wem’ n . b .. Feb.
28,875
67,145
63.518
13,326
Jan, l to Feb. 28. . . .
184
6.237
1,599
5,8 3
L, Brie A ll. A S o.a...M ar.
2.266
20,342
1-5.3 )3
6,835
Jan. 1 to Mar. 31. . . .
125,677
274.923
114,620
270,836
Lake Erie & W est. b..Mar.
375,015
7 9 2 ,l i 4
838,851
339,251
Jan. 1 to Mar. 3 . . . . .
Lehigh & H u d s o n .b —
31,857
28,502
72,627
84,862
Jau. 1 to ilar. 31.......
I do . 125,326
In o.
66,613
Lebidb Valiev R R ,.,M ar.
Deo. 1 (9,41 7
Ino. 94,6 26
Jan. 1 to Mar 3 1 ......
1,031
In o.
Dee. L to Mar. 31. . . .
Deo. 235,088
Iuo. P3.273
D ec 2 3, 14
Letiiirb Val Jual Uo. vlar.
Iuo.161,518
Deo. 267.504
Jan. 1 to Mar. 31.......
Iuc.310,095
Deo. 144,527
Dec. 1 to Mar. 31. . . .
7,812
6,461
17,815
17,547
Lexington & east’ n..Mar.
19,573
8,^17
44,075
49,6 9
Jan. 1 to Mar. 31— -.
Long Island b —
23,333
1,360
620,495
631,218
Jau. 1 to Mar. 31-----461,175
519.646
Louise. A Nauliv. b..M ar. 1.6*4 952 1,580,930
Jan. 1 to Mur. 3 1 ....... 4.861.296 4,-8 0 ,0 3 7 1,5 38,9 5 1,65»,657
Ju.lv 1 to Mar. 31.......15,458.213 lo.B O s,, 19 b,u7o,228 5,513,*99
7.062
7,182
39,190
36,418
Louisv. Head. * sc, L .M ir,
fe
17,638
22,910
101.L2J
106,083
Jau. 1 to Mar, 3 1 ..-..
def.214 def. 1,604
4,434
4,922
Macon A B inn ing— Mar.
7 i l def.1,200
17.747
10,065
Jan, 1 to Mar, 3 1-----50,719
51,339 d ef 6,3 a3 def.2,054
Ju ly 1 to Mar. 31. ..
7,394
1,631
5,575
12.199
M auisUtiue................Mar.
13,523
5,808'
29,093
33,408
Jau. i to Mar. 31. . . .
11,241
28,499
114,025
101,617
Memphis & Obas’ n-.M ar,
63,209
62,352
316.792
337,598
Jan. 1 to Mar. 31.
275,473
281.370
Jalv 1 to Mar. 31....... 1,046, lu ‘2 1,090,051
329,427
401,514
8 70.400
M exican Central— Mar. 1,145,263
8o0,713
Jan. 1 to alar. 3 1 ...... 3,226,489 2,463,959 1,111,424
97,304
121.724
262.814
291,058
Mex. International..M ar.
279,443
809.S74
328,572
7*2,467
Jau. 1 to liar. 3 1 ..-.4 2 ',8 7 3 e 2 9 0 ,109 C195.013
580,166
M exican National .. Mar.
Jan. 1 to Mar, 31. . . . 1,498,731 1,232,97 L c732 ,a24 C553,044
40,913
78.402
31,385
57,706
M exican N orthern...ajar,
116,683
92,617
227,669
167,120
Jan. 1 to Mar. 31.......
306,625
217,304
574,100
463,459
July 1 to Mar. 31.......
71,990
77,389
166,633
162,126
Minn. & 8t. L ouis..a. Mar.
171.003
156,000
163.177
429 28 l
Jam 1 to vt *r. 3 1 ......
681,400
65 5,562
July l to Mar. 31....... 1,526,486 1,587,702
135,099
111,712
305,818
270,075
Minn.Bt.P.AS.Sce M.Mar.
274,608
227.107
789,535
687,347
Jan. 1 to M ar. 31-----1,485
7,931
29,431
22,533
Mobile & Bitm’ gitam. Mar.
6,601
72,0 73
15,198
81,306
Jan. 1 to Mar. 31. . . .
93,200
239,510
121,507
M obile St Ohio .......F e b .
331,528
213,712
2 3 i,6 * 4
589,131
654,325
Jan. 1 to Fob. 28.......
991,376 1,001,130
July l to Feb, 2 d ..... 2,644,353 2,183.270
39.882
7 >,733
101,037
143,429
Monterev < M es.G'f.M ar,
fc
95,598
177,103
29 5,671
336,467
Jan. 1 to Mar. 3 t .......
125,418
129,641
393.223
373,031
STasli.Ob. A St. L .b ..A ir ,
570,802
564,300
Jau. 1 to Apr. 30....... 1,6*2,466 1,660,911
July 1 to Apr. 30------ 4,208,484 4,296,640 1,564,697 1,654,719
1,700
5,297
5,000
9,375
Nelson < Ft. ShepM.Feb.
fe
2,89 4
11,124
19,129
9,247
Jan, l to Feb. 23.......
def.291
75
2,059
2,345
Nevada Central......... Mar.
1,140 del. 1,164
5,097
J an. 1 to Mar. 31.......
7,831
Newb. Dutchess St Conn.3,166
2,465
31,110
28,273
Jan. 1 to Mar. 3 1 .....
New England—
260,641
230,602
Jan, i to Mar. 3 1 .___ 1,130.620 1,205,859
New Jersey A New Y ork 4,036
3 8,404
55,722
73,497
Jaa. 1 to Mar. 3 l — „.
*1
N. Y. Central A Hud.—
Jan. 1 to Mar. 31....... 10,133,425 10,283,911 3,246,149 3,254,583
N. Y. Ohio. A 8t. L .b —
198,879
213,076
Jan. 1 to Mar. 3 1 .-.-, 1,310,934 1,454,491
N. Y. N. H. & H artford—
Jan. 1 to Mar. 31....... 6,433,176 6,606.955 1,891,859 2,118,031
79,806
44,568
258,716
303,726
N Y .O n t, A West,n..Mar.
145.761
183,717
763,881
818.829
Jan. 1 to M tr 31.......
802,806
830,234
Ju ly 1 to Mar. 31....... 2,945,531 2,811,108
N. 5'. Phil. A N o r fo lk .26,449
16,417
Jau. 1 to Mar. 31.......
177,151
191,181
N, Y. at Rook. R each —
11,686 def.22,056 d ef.24,087
Jau, 1 to Mar. 31.......
10,377
73,017
69,049
162,517
N. Y. S ub. at W est. b..Mar
16(5.208
200,958
486,793
48*,931
208,518
Jan. 1 to Mar. 31.......
709,877
774,639
July l to Mar. 31....... 1,726,104 1,677,356
190,683
319,232
967,310
938,516
Norfolk .t West’ n .a .M ar
024,098
761,0,(5
Jan. 1 to Mar. 31....... 2,580,000 2,340,797
O ct 1 to Mar. 31....... 5,370,054 5,615,740 1,633,381 1,2U1,674
3,212
5,748
Northeastern o f Ga..Fol).
0,355
1,499
5,814
1,764
11,177
12,960
Jan. 1 to Feb. 28.......
Ma t 32, 1897.J
THE CHRONICLE
-Gross Earnmgs.—Xet Earnings.----1896.
1897.
1897.
1896.
Roads.
$
$
147,131
127,681
North. Central, b .......Mar.
505,941
514,957
344,853
489,606
Jan. 1 to Mar. 31....... 1,580.458 1,468,944
501.822
Northern Pacific...... Mar. 1,354,508
8 91 ,L39
3,312.831
Jan. 1 to Mar. 3L..
4,433,420
10,812.431
Sept. 1 to Mar. 31.
23,232
76,102
73.410
25,932
Ohio River, b .......... Mar.
62,026
221,414
197,971
Jan. 1 to Mar. 31.......
67,828
27,287
2,953
Ohio Valley.............. Jan.
99.412
233,342
Oregon RR. A Nar-.Mar.
306.883
863,914
241,440
951,574
Jan. 1 to Mar. 31.......
214,643
409,162
434,512
Oregon Short Lice.bMar.
168,403
Jan. 1 to Mar. 31....... 1,187,288 1,159,445
538,031
490,457
Pennsylvania—
Lines directly operatedEast of Pitts AE..Mar. 5,064,732 5,253,932 1,619,922 1,592,622
Jan. 1 to Mar. 3 1 ... 14,306,637 14,893,737 4,039,620 3,759,520
Deo. 138,600
20,500
West of Pitts. AE.. Mar.
Inc.
Dec. 650,600
Inc.
74,400
Jan. 1 to Mar. 3 1 ...
23,215
78.405
68,205
22,274
Peoria Dec. A Ev___Feb.
43,290
50,877
Jan. 1 to Feb. 28.......
145,759
149,881
27,470
Petersburg.................Mar.
52,796
49,499
21,820
60,905
137,190
141,440
Jan. 1 to Mar. 31.......
59.963
384,770
423,371
167,833
184,872
July 1 to Mar. 31.......
79,289
290,621
275,603
63,436
Phila. & Erie ....... b. Mar.
187,342
528.051
811,333
133.251
Jan. 1 to Mar. 31.......
623,597
518,482 1,594,369
Phila. & Reading___Mar.
624,363
Jan. 1 to Mar. 31....... 4,581,042 4,753,493 1,904,002 1,874,527
Dec. 1 to Mar. 31....... 6,291.727 6,591,394 2,688,049 2,639,943
Coal A Iron Co.......Mar. 1,256,099 1,603,747 df.107,042 def.51,891
Jan. 1 to Mar. 31. . . . 4,460,360 4,9 s 1,539 <lf.305,194 def.70, U8
Dec. 1 to Mar. 31. . .. 6,231,059 7,177,897 df.386,792 df.313,020
517,326
Total both Co’s . . . Mar. 2,804,581 3,193,116
571,706
Jan. 1 to Mar. 31....... 9,041,402 9,715,0 32 1,598.803 1,793.4*9
Dec. 1 to Mar. 3 1 ._ 12,522,786 13,769,291 2,301,257 2,326,923
_
25,569
25,569
Reading Co............ .Mar.
96,553
Dec. 1 to Mar. 31 . . . .
96,553
542,895
597,275
Total all Co’s ......... Mar.
2,397,810 2,423,476
Dec. 1 to Mar. 31.......
17,357
43,575
57,717
Phil. Bead. AN.Eng .Mar.
23,758
Jan. 1 to Mar. 31.......
4 0 ,6 .9
42,764
133,401
153,293
200.413
771,707
672,707
Phila. Wilm. A Balt..Mar.
127,218
Nov. 1 to Mar. 31 ... 3,337,406 3,487,606
723,714
769,514
Pitts. ChartiersA Y’h’y—
33.214
Jan. 1 to Mar. 3 1 .___
15,236
12,599
31,456
235,517
Pitts. C. C. A St. L ... Apr. 1,057,654 1,217,276
366,103
Jan. 1 to Apr. 3 0 ..... 4,330,495 4,841,332
958,076 1,003,415
3,376
Pitts. Lis. A West___Mar.
4,209
1,868 def.3.319
Jan. 1 to Mar. 31.......
10,334
4,282 dof. 1,470
11,911
206,438
59,415
71,822
Pittsburg A Weatero.Mar.
224,307
543,723
Jan. 1 to Mar. 31.......
575,680
128,491
150,767
20,180
Pitts. Youngs. A A ...Apr.
87,940
125,811
52,699
359,224
Jan. 1 to Apr. 30.......
284,251
08,472
93,896
Poughkeepsie A Eastern Jao. 1 to Mar 31.......
7,116
8,330 def.2,936
418
Prosp. Pk. A Coney Isl.—
Jan. 1 to Mar. 31.......
7.356
6.035 def.3.114 def. 15,810
Quincy Omaha A K. C .b Jau. 1 to Mar. 31. ...
67,746
72,144
30,051
31,971
Rich. Fred. A Pot....Mar.
01,206
21.151
62.031
25,935
102,815
Jan. 1 to Mar 31.......
171,693
58,572
58,483
July 1 to Mar. 31.......
471,228
52 4,382
169,930
194.619
Rich. A Petersburg..Mar.
29,956
28,572
12,304
7,883
Jan. 1 to Mar. 31.......
78,491
22.541
83,214
24.67 2
July 1 to Mar. 31.......
238,179
259,161
65,050
79,552
Rio GPnde South., b.. Mar.
27.272
33,379
9,881
13,538
Jan. 1 to Mar. 31____
77,793
20,856
44,873
104,275
July 1 to Mar. 31.......
133,814
197,182
306.483
373,850
Rio Grande West, b .Mar.
52.920
181,153
59,990
183.871
Jan. 1 to Mar. 31.......
492,424
148,392
160,393
517,345
July 1 to Mar. 31....... 1,811,851 1,341,444
588,831
735,000
8t. Jos. A Gd. Isl.b..M ar.
99,290
46.699
47,^55
9,655
Jan. 1 to Mar. 31.......
126,075
280,185
144,081
25,124
Sfc. Louis A San Fr ..Mar,
526,755
229,057
210,156
515,015
Jan. 1 to Mar. 31....... 1,414.333 1,491,341
598,310
532,186
July 1 to Mar. 31....... 4,535,269 4,734,740 2,009,705 1,915,806
141,901
126,309
10,507
8an Ant. A Aran. P..Mar,
19.357
425.246
397,670
€0,761
86,741
Jan. 1 to Mar. 31.......
July l to Mar. 31....... 1,727.419 1,185,363
601,957
475,978
BanFr. A N . Pao.......Apr.
57,046
55,455
8,651
12,941
Jan. 1 to Apr. 30.......
191,438
202,433
18,413
28,581
596,904
July 1 to Apr. 30.......
651,163
178,573
184,617
8av. Fla. A West.b..Mar.
296,799
279,002
51,724
87,340
872,141
Jan. 1 to Mar. 31.......
867,78 L
239,545
208,360
July 1 to Mar. 3L....... 2,524,157 2,536.841
653.420
665,674
10,62 8
Silver ?p. Ocala AG..Mar.
18,025
17,751
9,692
25,703
Jan. 1 to Mar. 31.......
40,705
19,058
48,193
53,221
July l to Mar. 31.......
118,556
54,590
122,752
1,437
def.240
South Haven A East Mar.
1.930
126
4,904
3,625
def.951 del. 1,898
Jan. 1 to Mar. 3 1 .....
Southern Paolflo—
109,234
374,168
393,519
75,010
Gal. H. A 8. Ant. b. Mar.
390.283
252,155
Jan. 1 to alar. 3 1 ....'. 1,099,999 1,25^,952
89.330
37,100
29,379
77,401
Louisiana West. b..Mar.
250,229
118.910
104,037
202,827
Jan. 1 to Mar. 31.......
69,603
395,672
4 47,7 22
138.236
M’gan’sLa. A Tex. b . Mar.
327,634
392.242
Jan. 1 to Mar. 31....... 1,305,923 1,300,286
2,643
5,787
N.Y.Tex. A M ..b . Mar.
19,834
13,174
8,793
Jan. 1 to Mar. 31
42,546
23,111
63,308
31,772
Texas A N. O. b...Mar,
139,413
107,551
50,981
103,922
335,952
138.377
Jan. 1 to Mar. 31.......
389,426
243.996
307,151
Atlantio System.b.Mar. 1.079,178
998,962
938 669
Jan. 1 to Mar. 31....... 3,159,628 3,229,526
919,959
879,114
774,886
Pacific System.b ..Mar. 2,564,489 2,503,420
Jau. 1 to Mar. 3 1 ..... 7,000,571 7,351,290 2,148,793 2,279,283
Total of a ll.b ........ Mar. 3.913.999 3.741,885 1,239,077 1,035,716
Jan. 1 to Mar. 31.......10,71%915 11,069,350 3,189,885 3,289,830
July 1 to Mar. 31....... 37,449.155 38,760,027 13,685,344 13,981,813
265,391
So. Pao. of Cal.b..Mar.
831,597
297,551
789.311
832,914
Jao. 1 to Mar. 31....... 2,171,303 2,460,738
732,215
78,073
66,276
So Pao.ot Ariz’a.b .Mar,
204,327
229,020
642,321
188.313
217,996
Jan. 1 to Mar. 3 1 .....
641.L04
34,713
Bo.Pao. of N. W.b..Mar.
99,823
126,171
60,857
309,766
160,657
119,455
Ian. 1 to Mar. 31......
332,500
995
-Gross Earnings.Roads.
1897.
1896.
So. Paoifio (Oon.)—
$
Northern Riil’v.b..Mar.
154,613
153.844
Jan. 1 to Mar. 3L.......
450,536
464,391
Southern Railway.a .Mar. 1,706,763 1,543.951
Jan. 1 to Mar. 31. . . . 4,843,6 49 4,697,605
July 1 to Mar. 31....... 14,652,233 15,115,767
Spokane Falls A No.a. Feb.
46,149
26,005
Jan. 1 to Feb. 23.......
92 804
51.733
July 1 to Feb. 23. . . .
3 44,763
219,773
Stony Cl. A C. M .. b..Mar.
1,128
1,183
Jan. 1 to Mar. 31____
2,602
3.2 30
July 1 to Mar. 3L.......
31,166
33,796
Sammit Branch ©...A pr.
61.837
82,693
Jan. 1 to Apr. 30. . . .
267.543
325.53 3
Lykens Val Coal.e. Apr.
7 7.390
57.465
Jan. 1 to Apr. 30____
263,600
303,746
Total both Co’s.e... Apr.
119,302
160,083
Jan. 1 to Apr. 3 0 ..*..
531,143
629,279
Syrac. Bing. A N. Y .b —
Jan. 1 to Mar. 31. . . .
167,334
162,793
Syracuse Gen. A Corn.—
Jan. 1 to Mar. 31.......
144,673
149,709
Terre Haute A Ind’ polisJau. 1 to Mar. 3 1. . . .
263,847
238,836
St. L. Van A Terre H .—
Jau. 1 to Mar. 31.......
342,735
389,18c*
Terre Haute A Logan.—
Jan. 1 to Mar. 3L.......
129,686
141,374
Indiana A Lake Mich.—
Jan. I to Mar. 3L.......
15,869
14,297
Terre Haute A Peoria—
Jan. 1 to Mar. 31. . . .
89,93 L
106,419
East St. L. A Carond’t—
Jan. 1 to Mar. 3L.......
17,331
17,779
Texas Central............Feb.
18,183
19,496
Jan. 1 to Feb 23.......
37,953
42 580
ToledoAOhio Cent,. b.Mar.
130,620
154,224
Jan. 1 to Mar. 3 1 .....
393,146
437,167
July 1 to Mar. 31....... 1,318.035 1,508.953
Tol. Peoria A West.b. Apr.
58.703
70,756
Jan. I to Apr. 30.......
275.676
324,230
July l to \pr. 30.......
743,809
855,540
Tol. St. L. A Kan. City—
Jan. 1 to Mar. 31.......
507,810
452,522
Troy A New England —
Jao. 1 to Mar. 31.......
3,109
Ulster A Delaware—
Jan. 1 to Mar. M........
66,727
72,945
Union Paciflo—
Union Pac. Rv...... Mar. 1,130,211
Jan. 1 to Mar. 3 1... 3,118,052
Cent. Branch ........Mar.
50,185
146,609
Jan. i to Mar. 3 1 ...
Atch. C. A Pac. )
Ar._
37,384
At.Jew.0. AW. s - * iAar*
Jan. I to Mar. 31.
110,033
Un. Paoifio 3ys.bl .Mar. 1,366 048
Jan. 1 to Mar. 3 1 ... 3,794,815
Un. P. D. AGulf b .Mar.
269,509
753,141
Jan. 1 to Mar. 31.......
Vermont Valley Jan. 1 to Mar. 31.......
42,463
Visalia A Tulare b—
Jan. 1 to Mar. 31........
2,062
Wabash, b .................. Mar.
936,438
JaD. 1 to Mar. 31....... 2,634,357
July 1 to Mar. 31....... 8.768,413
Wabash Ches. A Wesfc’ n—
Jan. 1 to Mar. 31.......
20.548
19.977
Waco A Northw’ n ..Mar.
Jan. 1 to Mar. 31.......
53,015
Walklll Valley—
Jan. 1 to Mar. 31.......
34,114
164,286
W. Jersey A 8eash’e..Mar.
r* Jan. 1 to Mar. 31.......
416.337
97,607
West Va. Cent. A| P. .Mar.
259.794
Jan. 1 to Mar. 31. . . .
847,074
July 1 to Mar. 31.......
23,198
W. Virginia A Pictsb..Feb.
50,342
Jan. 1 to Feb. 28 . . . .
24 J,478
July 1 to Feb. 28.......
51,949
West’n of Alabama..Mar.
165,334
Jan. 1 to Mar. 31-----501,285
July 1 to Mar. 31.......
211.967
West.N.Y.APenn. b..Mar.
014,196
Jau. 1 to Mar. 31.......
July 1 to Mar. 31....... 2,285,333
350,748
Wisconsin Central.b.Mar.
929,321
Jau. 1 to Mar. 3L.......
July 1 to Mar. 31....... 3,163.918
6,419
Wrightsv. A Tenn...Mar.
22,348
Jan. 1 to Mar. 31---- *
.
70,543
July 1 to Mar. 31.......
-Net Earning*.— *
1897.
1896.
32,79 l
88,810
549,651
1,533,195
4,83 V,543
45,021’
137,985
455.130
1.340,289
4,871,784
30,305
16,064
62.744
33,105
210,23 7
133,754def 704
def.285
def. 1.130 def.3,5 >1
13,279
11,695def.9,190 def.24,433
def. .1.735 def.32,451
def.4,219
263
14,441
26,291
def. 13,409 def.24,170
2,656 def.6,160
66,167
41,149*
42,503
34,57a
70,866
55,857
def.813
30,361
22,300
15,430
def. 1,772
def.5,119
2,067
7,834
8,350
1,016
4,467
40.352
115.877
347,255
10.126
69.803
188,663
2,205
3,2 50
8,271
48,185
133. i 22
492.974
15,721
84.977
224,128
81,164
79,402
def.2,261
11,828
6,343
1,071.907
428.201
2,931,703 1,081.829
28,474
2 4,0 6 S
96,557
72,678
409.015
928.967
7,913
39,197
24.169
7,085 def.1,756*
22,262 def.6,246 .
72,378
1,232,785
5 ’0,530
439.923
3,432,933 1,334 0 )6 1,049,393
89.920
214,998
43,660
244,449
132,430
632,143
47,692
14,619
32,757
2,175
1,002,364
2,905,442
9,883,333
639
323.538
793,738
2,694,476
397
311,106
811,559
2,939,124
23,180
20,623
60,633
5,503
6,864
18,654
10.819
8,706
26,155
36,314
6,135
6,679
28,171
158,011
9.425
422,148
42,563
11,874
29,068
34,373
102.971
88,932
80,308
273.572
278,119
890,526
308,158*
7.980
15,140
28,2 >9
55,742
29,416
21.161
151,812
264,148
129,758
22,093
9,354
41,183
71,429
44,438
140,971
213,924
176.300
403,528
f27,653
75,904
233.014
111,52 4
111,777
628,913
743,725
664,614
2,449,429
93,772
332,193
122,161
907,152
287,326
259.356
1,08 7,112 1,130,486
3,282,083
5,461
1,110
9,937
15,634
27,7^9
9,457
32,681
75,174
33,735
a Net earnings here given are after deducting taxes,
b Net earnings here given are before deducting taxes,
c Deducting other expenditures for repairs,replacements and general
exDenses, net lucome applicable to Interest on bonds in March was
$169,988, against $113,670 last year, and from January 1 to Maroh 31
$417,104, against $32 ,014. This is the result in Mexican dollars
treated (according to the company’s method of keeping its accounts)
as equivalent to 80 cents in United States money—chat is, all depreci
ation bevond 20 per cent has already been allowed for.
© Results of coal mining operations only.
After allowing for other income received, net from July 1 to
Maroh 31 was $520,505, against $470,328.
i Includes besides Atlantio System the Houston A Texas Central,
Austin A Northwestern, Central Texas A Northwestern aud Ft. Worth
A New Orleans.
1 Includes 1:hioago Burlington A Northern for both years,
d Expenses for March include $20,500 incurred by flood damages,
f The large Increase in expenses is due largely to expenditures for
ooal trestle and dook in Buffalo and large outlays on equipment,
li Figures are from Maroh 4th only.
* For Maroh, 1897, taxes and rentals amounted to $155,409, against
$156,022, and from July 1 to Maroh 31, 1897, $1,425,591, against
THE CHRONICLE.
996
[V ol. LX1V*
Latent Gross Darnings.
tzvM, 1,8074 was #38^*425#
t f a r o f e 3 1 , I K 0 7 , # ElRStSOS., 0 1 5 Weekor XIo 1897. 1896.
5 Q, 0ROSA0
3
*
fs»r Mi
a
KMutu »»« 0r*JCOtt Eailwa? &
ill NvifiE’ ti, SL Jos. ik G f. t lia a d ,
fill. A
l'Jmn't%2 Oitf, Ltmvoiiwordi
<m ,thd Kah om (M y As Oroab*.
to&Mt la ail porioit*, eXMjit that
jptoioOor
tit at* ro.id’s rosalta
Haas
iod<lH A IfOtliJI *4
W ti
iii l e l oaiy for July
oai. I^.rrios* &o.
M l w e l t a i i m i * C o m p a n ie s .
Asm
*4 - §3. HL Oo,-i
Jm s l m Apr. Jii. . . .
m
I S t o f t E I M >.,H*Y Apr.
£ m » i m Apr.
SK mhiSL n*c’ .J X 1. .Mar.
U
Jan* t %0 Mat..
:S MiSf
S
1890,
m n.
$
69,032
67,935
274,089
393,£90
HO,111
2( ti,U 3
777.670
8U7, l tti
■WM D a r n
i
Jam. I to Mar. 31.......
L*r'- * •Gaw-l,.
Vpr.
3*m. 1 So Apr. 3 0 ,,,-.
278,18 J
2*8.252
OkftfOS lull'- <N>.«— M*r.
705,722
719,35 l
J*a, l to Her. 31.......
93 9,08 1
t
1 to Mar. 34.......
962,063
351,957
FacMSe Mail. ..... ...M a r .
413,891
9<9,327
J»a. S So Mar. 31------ 1,183,77-1
* ■
M*y 1 to Mar. 31. . . . 3,701,003 3,392,147
Tenr,. OMt 1. * HR .. Vpr.
J »a , 1 to Apr. 30.......
W«>W*rn *
4*7 Co.—
®tw-*uJ»e<}4-vL,Qa,,Apr.
J*a, 1 to Apr. 31.......
18068
26,745
124,696
80,585
359,369
21,981
103,335
9.801
35,017
56,063
236,436
7,332
23.101
18,593
75,903
175,216
805,157
51,166
303,034
3-7,610
163,029
....
Or. r,- R&p, *•»** I..(V', Mar.
IK07.
$
30.903
139,4)7
100,845
425,815
23,899
87,982
10,917
86.935
64.858
239,970
14,324
51,418
92,165
117,549
217,471
707,141
37,114
194,662
30.869
149,630
*
*
Jmi.X to Latest Date
I 1897.
1896,
*
94,627
i~
85,532
Brikiyii Kup.Tr, C>.—
Brooklyn H eights., A p r il......... 378,712:380,289 1,331,698 1,363,338
rtr’ kiyn Qa'iM A 8ut> A p ril......... 60, HI 1 59,627 217.670 200.382
Total for system . A p ril......... 439,553 439,916 1,599,308 1,569,620
Sattato K y ................. March.......
323,070 335,151
Chester T ra ction ., .. March____ '13*519 13,731
38.340
38,083
City Eleo, (Roiue.QaS A p ril.........
1,8 >5. 1,085
5,949
5.967
; nevobmd E le ctric.., A p ril......... 128,817 131,509 500.779 501,175
Cleve. Faiusr.AJB— A p r il.........
5,662: ............
20.50 J
••>ltttnbus SI, Hr, (U.l A p r il......... 45,401 52,446 143.917 200.952
i » o e y I s l a n d 8 'l yn. A p r il......... 25,092 26,699
87.035
87.628
Daiiv. Gas El. b ight &
Street R f ................. January...
9,597, 8,727
9,597
8,727
D snrer Con, Tramw. March. ... 53,728 56,345 187,132 162.787
Detroit ORTns1St. By. 2d wk JM
ny 16,793 1 7 ,112 305,051 342,849
troll Eleo. B y ......... A p r ll......... 32,788- 35,109 131,933 136,405
DaUlth 81 . Ry.............. March____ 15,5 -8 17,05’
42,507
48,143
9,784 11.254
Erie E lw , Motor O o.. 9airil.........
3 L234
43,872
Galveston City R v .. M arch....... 14,559 13,528
44,17
39,845
Herkimer Mohawk nlon A F 'bfort El.R y. M arch.......
3,720- 3,667
10,644
10,415
544
Sooalok Ry................. A p r il.........
673
2,032
2,246
Mouatou Elao. 8t, By. .March....... 14,220. 15,099
42,293
43,351
i
Interstate Co osol of
9,312
{forth A ttlelioro___ A p r il....
9,727
36,570
34,743
(Cingstou City Ry____ A p r il...
4 ,0 4 1
4,185
15,238
15,410
Lehigh T r a c t io n ....... M arch ..
7,855
9,166
24,510
27,882
6,054
London St- Ry. (Can.j A p r il...
26,240
0,096
22,263
Lo well Law. A llav A p ril...,
31,420 30,741
114,461
110.388
Metrop. (Kansas Ottv* 2d w k M ay 36,383 36,190 596.115 601,528
Metro. W. Side (Ohio.) A p ril......... 70,920
4.678 " 4,88 8
M ontjouiery St. R y . A p r il.........
i 6,104
15.8*7*6
Montreal Street R y ... A p ril......... 103,046 97,462 392,076 372,060
Sassau Eleo, (B'klya) !A p r il......... 111,682 117,673 4 7 6 .0 3 1 194,006
Sew bargh E lootrio... M arch .......
4,919
4,761
13,711
14,119
Mew England St.—
Wlnoheeter A r e ___ March....... 14,895 14,388
42.076
42,681
2,142
Plym’th A Kingston Maroh.......
2,06 l
6,040
6,096
T o t a l.................... March....... 17,037 16,450
48,777
48,116
3.05- ■ 2,917
Sew London St. B y .. A p ril.........
11,016
10.629
New Orleans Traotion M arch....... 118,337 111,44
317,085 323,250
North Shore Traotion 2d w k May 25,902 27.783 43 >,004 425,483
1,209
Ogdensbnrg 8t. R y .. A p ril.........
1,274
4,160
3,76-1
Paterson R y .............. March....... 23,85d 23,644
69,122
69,05
Pittsb. Ft. Sob. El.By. Maroh.......
2,643
1,347
7,773
4.058
6,161
6.544
22,587
Po'keepsie & Wapp. F. t p r il.........
22,042
Rochester R y ____ .. F ebru ary. 62,287 63.783
6,695
Sohuylkill Traotion.. M arch.......
6,931
*22,16*4
21,08*1
SotinylkUl Val. Trao.. A p ril.........
4,306
4.2S7
15,139
2.931
Sorantoo A C arbond’e M arch.......
4,845
Boranton A Pittston.. Maroh.......
*13,722
Soranton R ailw ay___ A p ril......... 26,487 26,303 105,397
101,740
Second A ve. (Pittsb.) A p ril......... (74,817 (76,817 209.116 208,051
2,672
8yraonse E’st-SideRy A p ril.........
11,342
3,181
10,115
Syracuse Rap. Tr. Ry. A p ril......... 34,581 35,391 130,736 136,686
Terre Haute EL’o. Ry. Maroh....... 11,501 11,498
Third Ave. (N. Y.) .. March.......
567.117 584,541
1
Toronto R y ................. A p ril......... 73,750 75,747 237,661 • ®7,1.93
Twin City Rap. Tran, March....... 157,192 154.542 449,373 458,516
Onion (N. B edford)... A p ril......... 17,050 16,533
64,038
62,410
United Tract. (Prov.) March....... 130,282 130,946 378,499 387,595
34,272
Unit. Trao. (Reading) M arch....... 12,016 12,181
36,446
4,208
Wakefield & Stone — A p ril.........
4,105
14,551
13,623
A p ril......... 18,537 18,199
74,400
Waterbary Traotion.
72,515
Wheeling R ailw ay.. A p ril......... 12,342 13,688
19,031
50,761
Wilkesb. A W y-Yalley M arch....... 37,961 36,791 111,829 111,983
Brockton Qott. St. Rv. !A p r il......... 25,082 23,953
I n t e r e s t C h a r g e s a n d S u r p l u s ,— T h e f o l l o w i n g r o a d s , in
a i l,'.ion to th e ir gras-* a n d n e t e a r n in g s g iv e n i n th e f o r e g o i n g ,
• b o re p o r t c h a r g e s f o r in te r e s t, & o ., w it h th e s u r p lu s o r d e fic it
• h ov e o r b e lo w th o se c h a r g e s .
-S al. o f Net Bam *—
—Inter11, rentals, Ae.W -S
fc ,
1896.
1897.
1896.
1897.
*
M ood s,
$
S
*
dof.632
12,987
B aS stoA Sasijtieli'a.Apr.
12,668
13,896
68,025
120,924
July l to Apr. 30. . . .
127,128
120,718
463,728
185,266
881,107
Ohio. Bari.A Q uincy. H»r.
890,000
921,715
138,209
Jan. 1 to Mar. 31____ 2,670,000 2,643,321
34.0-12
Okie, A W . Mioh.
.Mar.
35,200
4,213 def.8,519
J as. 1 to Mar. 31.......
103,902
101,583 d e l.36.332 def.51,866
19.000
del.2,602
Cfeoc-Okl. & G olf,_ Mar.
_
N or. 1 to Mar, 3 1 .....
95.000
72,392
8 2,128
215,794
241,863
<3*v.C9a.Qs. A St. I... Mar.
2,763
July t to Mar. 3 t. . . . 2,150,563 2,132,233
375,037
547,125
36,801
36,801 def.4.042
P eoriaA Eastern. .Mar.
2,005
July t to M ir 31. . .
331.215
47.330
331,215 d e l,46,730
202.425
OesT»r A R io Gride..Mar,
26,233
202,840
26,318
July 1 to Mar. 3 1 ..... 1,762,549 1,760,291
343,277
721,663
Del. G4-B»p.A WMar.
15,886
8,471
I s a , 1 to Mar. 31.......
47,601
def.1,994
55,811
4,048
flint A Per* Marq,..Mar.
51,119
13,025
159,235
Jan, 1 to M*r. 31. .. .
153,133
20,7 00
1,398
many, i
10,430
iM-b* A M ich ... Mar.
914
10,547 *def.7,727
February, 1897 to the Seoond A ve. Traction Oo. ,
92,310
92,142 det.7,151 ‘ dcf.2,373
J uly 1 to Mar. 31____
119,968
.C . F t .8. A M ...M a r ,
8,592 de£.9,591
118,598
S t r e e t R a i l w a y N e t E a r n in g s .— I n th e f o l l o w i n g w e s h o w
July l to Mar. 31..
1,018.790 1,038,732
91,862
50,254
b oth th e g r o s s a n d th e n e t e a r n in g s to la te s t d a te s o f a ll S t r e e t
Kaa- C. Mem. A Btr..Mar.
15,735
15,832
5,376 det,S ,012
111,293
Ju ly 1 to Mar. 31____
144,346
125,754
74,223 r a ilw a y s f r o m w h ic h w e h a v e b e e n a b le to p r o c u r e m o n th ly la Brie A V H t 't ------Mar.
59,064
57,898
55,556
67,779 retu rn s. A s in th e c a s e o f th e s te a m r o a d s , th e r e tu r n s o f th e
179,154
Jan. 1 to Mar. 3 1 .......
173,840
100,097
201,115 d iffe r e n t r o a d s a r e p u b lis h e d b y u s e a c h w e e k as s o o n a s r e
126,520
Jfaabv. Chat. A 8t. b . Apr,
124,401
3,124
1,017 c e iv e d , a n d o n c e a m o n t h (o n th e t h ir d o r th e fo u r t h S a t u r
Ju ly 1 to Apr. 3 0 ...., 1,255,878 1,249,432
309,019
405,317 d a y o f th e m o n t h ) w e b r in g a ll t h e r o a d s r e p o r t in g t o g e t h e r ,
FttU 0, C. A 8U t..... Apr.
273,807
271,172 df.18,350
91,931 as is d o n e t o -d a v . W e a d d a lso t h o ie r o a d s w h ic h m a k e
1 to Apr. 80....... 1,088,147 1,096,751 df.130,071 (11.88,336
q u a r te r ly r e p o r t s .
R io tfrandi* to.nth__ Mar.
14,081
14,222 def. 4,200
dof.614
Gross Darnings.
,.------Net Darnings.July 1 to Mar. 31.......
126,740
123,004
7,074
69,178
1897.
1896.
1896.
1897.
Has Frau. A So, Fao . Apr.
19,104
19,212 dof.6,163 del.10,561
S
$
Roads.
$
July 1 to Apr. 3 0 , . . „
191,041
192,122 d ef 0,424 (let. 13,549 A kron Bed. & Olev ..A p r,
1,984
6,742
6,373
1,350
T «a a . Coal L|A E R .. Apr,
22,131
47,777
23,419
47,884 dot, 10,883
6,282
2,504
Jan, 1 to Apr, 30.......
J * o . i to Apr. s o ____
191,108
191,538
3,554
117,498 A lbany (N. Y.) ~
TolodoAO.Cm irt....... Mar.
38,458
Jim, 1 to Mar. 31.......
125,357
113,821
31,461
33,998
40,083
-1,272
‘ 8,362
July 1 to Mar. 3 1 .....
345,182
351,098
-9,468
*150,523 Amsterdam St, R y.-.M ar,
3,611
3,583
595
38
Toir-1 I (5w>. A W est,-Apr,
22.673
10,456
1,641
1,298
Jan. 1 to Mar. 31.......
22,051 def. 12,547 dof.6,33010,796
tn-.y i to Apt, 3 0 ....,
220,702
209.886 def.43,039
14,242 Anderson B le o d u d .) Apr,
4,124
1,911
16,827
. Jan. 1 to Apr. 3 0 .......
8,237
* Art- r aliowm* (at oilier Income received.
6,158
6,337
1,429
1,762
Atlanta Railway.......Mar.
2,840
16.571
16.627
2,445
-lau. 1 to Mar, 31.......
S T R E E T R A IL W A Y S A N D T R A C T IO N C O M P A N IE S
1,510
845
1,496
5S4
Bath St, Ry. (S. Y.) - - Apr.
5,292
5,441
1,257
829
ih>- f-.ii r.v in g t a b le s h e w * t h e g r o s s e a r n in g s f o r t h e la test
Jan. 1 to Apr, 30.......
2 ,0 1 6
6,134
1,792
pori< ! - ,f a ll s t k e k t r a ilw a y s fr o m w h ic h w e a re a b le t o o b ta in
6,578
Bay Ottles C on.8t.Ry. Apr.
9,932
3,042
3 ,7 6 7
wiM-tUy o r m o n th ly r e tu rn s. T h e a r r a n g e m e n t o f th e ta b le ib Binghamton 8t. R y..M ar,
10.078
tM Avne 3- that for the steam roads—that is, the first two B ridgeport Traot’ n-.Mar,
<8,761
23,043
22,404
7,246
67,131
20,831
24 ,058
05.571
Jau. 1 to Mar. 31.......
er-lurous of figures give the gross earningd for the latest
9,8 10
25,082
23,853
8,340
• wsk or month, and tb-> last tw o colutnoM the earnings for Brockton Coii.St. R y .A p r.
24,673
31,613
94.627
85,532
Jan. 1 to Apr. 30.......
t! c calendar rear from January i to and including such latest
B 'klvn C ity A N ew tow n—
w «ek o r m onth,
131,766
47,034
51,467
Jan. 4 to Mar. 31.......
124,498
S U lbbT U 4 H .WAV8 Altt) TRACTION COMPANIES.
Brooklyn R apid Transit—
B rooklyn Heights t>
—
I L a te M O r
Aminat. jJaa. 1 to Latest D ak,
310,871
946,253
314,755
Jan. I to Mar. 31.......
959,703
V .n
1Wt&k. or Mo
,887.
\
4,124
ihlM
100,5)20
8,373
3,61
1800.
6*742
0,237
97,469
1,511)
1,496
0tig4
6,578
10,078
9,932
0*174
6,524,
1897
1896.
*
22,131
10,790
23,419
10,438
18,827
16,027
371,252
5292
'18,571
354,328
5,441
103,010
101,883
B 'klvn Queotta Co. & S tib.b—
Jan, 1 to Mar. 31.......
154,927
Bnllala R ailw ay—
Jan. 1 to atari 31.......
323,076
Central Crosutowu (N, Y.l —
Jan. 1 to Mar. 31.......
134,477
Ohr-Rtor (Pa.) Tract...M ar.
13,519
Jan. 1 to Mar, 3 1 .......
38,340
OityElotMRome.Gsi..) a, Apr.
1,655
Jan. I to Apr. 30— .
5,949
Olovolaud E lectric.. Mur.
132,271
Jan. 1 to Mar. 31.......
371,902
144,900
47,508
16,185
335,151
150,013
161,716
134,911
1 3 ,7 3 1
38,083
1,685
5,967
128,282
372,660
37,465
"5,834
‘ 11,171
200
855
51,330
131,808
35,259
*1,937
*12,780
437
1,223
43,309
120,143
THE CHRONICLE,
May 22, 1897. j
/ - — Grots Earnings.-----, -----Net Earnings.-----1897.
1896.
1897.
1896.
Roads.
*
$
$
$
5,662
Clev. Painesv. A E___Apr.
2,733
20,563
Jan. 1 to Apr. 30.......
7,703
45,461
Columbus (O.) St. Ry. Apr.
52 446
23,455
26,297
Jan. 1 to Apr. 30.......
183.917
200,952
95,326
96,255
Coney Island & B’klyn,—
Jan. 1 to Mar. 31.......
61,943
60,929
9,250
16,693
Crosstown 8t. RR. (Buffalo)—
Jan. 1 to Mar 3 1 .....
106,763
106,039
35,913
30,720
Derive r Co n. Trarnw.. Mar.
53,723
56,3 15
20.391
21,469
Jan. 1 to Mar. 31. ..
157,132
162,78 7
61,07 7
63.975
Detroit Citizens’8t. Ry. Apr
82.976
80,827
37,823
34,210
Jan. 1 to Apr. 30".......
325.341
301,001
147,445
114,050
Detroit Electric R v.. Apr.
32,738
35,109
10,316
10,336
Jan. 1 to Apr. 30.......
131,933
136,405
41,350
38,685
Dnluth Street Ry___Mar.
15,508
17,055
8 793
5,858
Galveston City Ry...Mar,
14,559
13.528
3,718
3,765
Jan. 1 to Mar. 31.......
44,175
39,345
12,587
10,472
Geneva Waterloo Seneca
Falls < Cayuga LakeTr.
fc
Jan. 1 to Mar. 31.......
10,506
2,503
Herkimer Mohawk Ilion
& Frank. EL Ry....Mar.
1,937
3,720
2,017
3,667
Jan. 1 to Mar. 31.......
10,644
10, kl5
5,273
5,275
Inter-State Consol. Street
Ry. (No. Attleb )...A pr.
9,727
9,312
2,149
524
Jan. 1 to Apr. 30.......
36,570
4,114
34,743
3,096
Lehigh Traction........Mar.
7,855
9,166
2,911
3,553
Jan. 1 to Mar. 31.......
24,510
27,882
9,641
7,549
July 1 to Mar. 31.......
88,140
93,466
40,020
41,335
London St.Ry.(Can.).Apr.
6,654
2,653
6,096
2,126
Jan. 1 to Apr. 30.......
26,240
22,263
8,073
6,678
Lowell Lawr’ce &EL. Apr.
30,741
31,420
12,919
11,346
Jan. 1 to Apr. 30.......
114,151
110,388
40,267
32.627
Manhattan Elevated (N. Y.)—
Jan. 1 to Mar. 31....... 2,387,504 2,362,811 1,048,513
945,099
142,994
Metrop’n St.Ry.,K.C.Apr.
143,193
60,147
59,043
Jan. 1 to Apr. 30.......
526,852
531,664
198,353
211,986
June 1 to Apr. 30....... 1,609,821 1,623,131
670,843
636,656
Metropolitan 8t.Ry.(N.Y.)
Jan. 1 to Mar. 31....... 2,092,462 1,879,571
952,057
778,593
Metrop’o W.Side,Cbic.Apr
70,920
30,872
Montgomery St. Ky.. Apr.
4,578
4,888
1,928
2,218
Jan. 1 to Apr. 30.......
16,104
15,s70
7,191
7,371
Newburg Eleo. Ry...Mar.
4,919
4,761
1,229
992
Jan. 1 to Mar. 31.......
13,711
14.119
3,255
3,559
July 1 to Mar. 31.......
63,016
72,956
26,351
26,989
New London 8t. Ry..Apr.
486
3,050
2,917
461
Jan. 1 to Apr. 30.......
11,016
10,629
1,149
1,018
New Orleans Tract.. Mar.
111,441
46,270
118,337
45,364
Jan. 1 to Mar. 31.......
317,685
333,250
111,366
151,378
North Shore f raot’n. Apr.
104,050
104,316
38,515
39,189
Paterson Rail way.... Mar.
23,644
23,956
9,947
8,984
Jan. 1 to Mar. 31.......
69,051
69,122
28,115
26,994
PItts.Fr.&Sub.EI.Ry.Mar.
630
2,643
1,347
1,696
Jan. 1 to Mar. 31.......
7,773
1,809
4,058
4,950
6,161
6,544
2,732
Pough.City&W.Falls. Apr.
1,630
Jan. 1 to Apr. 30.......
6,104
22,042
22,587
7.252
Schuylkill Traction.Mar.
6,695
6,931
2,446
2,708
Jan. 1 to Mar. 31.......
9,561
22,164
8,023
21,088
Schuylkill Val. Trac. Apr.
4,306
461
4,287
Jan. 1 to Apr. 30.......
15,139
def.852
Scranton * Carbon.. Mar.
2,931
1,427
Scranton Railway.. . Apr.
26.487
26,303
12,409
12,650
101,740
Jan. 1 to Apr. 30.......
105.397
47,964
47,064
J illy 1 to Apr. 30.......
297,024
137,200
134,642
270,272
Scranton* Pittston. Mar.
4,845
1.802
Jan. 1 to Mar. 31.......
13,722
4,923
July 1 to Mar. 31.......
49,786
20,615
Second Ave. RR. (N. Y.)—
•
26,066
139,194
Jan. 1 to Mar. 3 L . . . .
175,023 del.30,835
Third Ave. RR. (N. Y . ) 231,335
Jan. 1 to Mar. 31.......
185,855
567,117
584,541
Thirty-fourth St. Crosst’n (N. Y.)
Jan. 1 to Mar. 31. . . .
41,912
39,023
7»,018
73,299
31,239
74,376
34,271
Toronto Ry................Jan.
75,268
Troy City RR.—
108,200
50,150
Jan. 1 to Mar. 31.......
113,977
42,478
28th & 29tli Sts. Crosst’n <N. Y . ) Jan. 1 to Mar. 31.......
13,820
3,056
145,001
140,214
69,379
75.673
Twin City Rapid Tr.. Feb.
159,389
292,181
303,974
144,030
Jan. 1 to Feb. 28.......
Union Street Ry. (N.Y.)—
28,035
30,995
Jan. 1 to Mar. 31.......
111,194
102,370
Utica Belt Line St. RR.—
8,502
13,784
35,682
38,650
Jan. 1 to Mar. 31.......
18,199
8,223
Waterbary Tract’n. .Apr.
18,537
8,198
32,673
74,400
29,613
Jan. 1 to Apr. 3 0 .....
72,545
Westchester Electric (N.Y.)—
def.610
24,329
23,149
2,878
Jan. 1 to Mar. 31.......
19,741
18,354
36,791
37,961
Wllkesb.* Wy.Vy.Tr.Mar.
56,663
58,406
111,983
Jan. 1 to Mar. 31.......
111,829
a Net earnings here given are after deducting taxes.
b Net earnings here given are before deducting taxes,
c All renewals and betterments charged to expenses.
•Method of reporting expenses changed; each month now being
charged with its full proportion of all expenses.
1 Net earnings are after deducting taxes and lire and accident insur
ance.
Interest Charges 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.
■ InUr’ t, rinUilt, ,fc.— -—
—
> Bat. o f Net Earn*.—
Road*.
Denver Con.Tramw.Mar.
Jan. 1 to Mar. 31.......
Schuylkill Traction..Mar.
Jan. 1 to Mar. 31.......
Waterbury Trac. Co.. Apr.
Jan. 1 to Apr. 30.......
1897.
18,729
55,280
2,083
6,250
3,130
12.520
1896.
*
17,878
53,551
2,083
6,250
3,158
12,632
1897.
2,740
8,695
363
1,772
5,068
17,093
1896.
*
2,513
7,526
625
3,311
5,065
20,041
997
A N N U A L
R E P O R T S .
A n n u al Reports.— The following is an index to all annual
reports of steam railroads, street railways and miscellaneous
companies which have been published since the last editions
of the I n v e s t o r s ’ a n d S t r e e t R a i l w a y S u p p l e m e n t s .
T h is in d e x d o e s n o t in c lu d e reports ia to-d ay’s C h r o n ic l e .
R a il r o a d s a n d M is c e l , C o ’ s.
R a il r o a d a n d M is c e l . C o ’ s ( Oon.)
Volume 64—
Page.
Volume 64—
Page.
New England Teleg. & Telep....... 949
American Bell Telephone........ 797
New York Chicago & St. Louis .. 886
American T bacco.....................9T9
Oregon Short Line RR.... ................841
Burlington Cedar Rap. & No.... 947
Canadian Paciflc........................ ... 752 Pitt. Cin. Chic. & St L ..... 775, 796, 801
Central Paciflc....................... 884, 897 St. Joseph & Grand Island ............ S41
Southern Pacific......................871, 889
Chicago Burl. &Quincy. ...733, 752, 75(5
Sunday Creek Coal......................... 797
Chicago & West Michigan....... 818
Electric Storage Battery ............... 841 Union Paciflc..................................840
Erie Telegraph & I'elep. SS7, 900,950 Wilmington & Northern................ 949
Flint & Pere Marquette........... 796
St r e e t R a i l w a y s .
General Electric Co.................. 84L, 818
Georgia & Alabama.................. 948
Volume 64—
Page.
Lake Shore............................... 885
Akron St. Ry. & Ilium ....,............ 607
Mahoning Coal RR.................... 885
Baltimore Traction....................... 607
Mexican Central...............827, 839, 845 Louisville Ry.......................... ... 466
Michigan Central..................... 835
Twin City ft. T. Co. (Minneapolis). 704
Monongabela River. .................... 949 Wikesbarre& Wyoming Yal. I’rac. 607
Cincinnati & Muskingum Valley Railw ay.
( R ep o rt f o r the y ea r end ing D ec. 31,1896. J
President James McOrea in the report says in p a rt:
General Results. —1 The result of the operations for the year fully jus
“
tifies the prediction made in the report for the year 1895, as to the more
satisfactory annual net earnings of your company, resulting from the
expenditures made in former years. The gross earnings decreased
$68,217, or 14 2-10 per cent, while the expenses decreased $ 1 0 1,620,
or 22 9-10 per cent, producing an increased net result of $33,403. Had
the volume of business and gross earnings remained the same as in
1895, the net would have been still further increased by at least
$45,000.
Litigation.—There has been no change in the pending litigation since
the last annual report. As mentioned in it, the appeal of the Pittsburg
Cincinnati Chicago & St. Louis Railway Company to the Circuit Court
in Hamilton County, from the judgment of the Superior Court of Cin
cinnati, which affirmed the validity of the lease to the P. C. & St. L. Ry.
Co., was argued during the first week of March, 1896, but as yet no de
cision has been handed down.
Traffic—“The total tonnage transported in 1896 was 458,058 tons,
while in 1895 it was 577,250 tons, a decrease of 20 65-100 per cent.
[Bituminous coal in 1896 contributed 148,777 tons against 225,073
tons in 1895.] The average rate received on freight was 11 4-10 mills,
against 11 1-10 mills in 1895.
Maintenance.—Maintenance of way and structures shows a decrease
of $43,415, or 28 72-100 per cent, principally due to heavy expenses
incurred in 1895 for new buildings. Maintenance of equipment shows a
decrease of $44,243, ohielly due to the cost of engines purchased and
rebuilt in 1895 and the cost of tools and machinery purchased in 1895.
The physical condition of the property generally has been fully main
tained. During the year 5 67-100 tons of new steel, 316 80-100 tons of
partly worn steel, 43 69-100 tons of patching iron, 42,92 L first-class
and 8,133 second-class ties were placed in the main tracks and sidings.
Gravel ballast was placed under 7 28-100 miles and cinder ballast
under 192 100 miles of track. The total expenditure on account of
bridges, culverts aud trestles was $44,020.
E a rn in gs. E tc.— Earnings, charges, etc., have been as fol
lows :
E A R N IN G S A N D E X P E N S E S .
Earnings—
Passenger.......................................
Freight............................................ . . 2 4 2 , 1 6 8
Mail, express, rent, etc................ . . 5 5 , 4 2 5
1 2 6 ,3 8 8
2 9 7 ,2 3 6
5 5 ,2 2 8
1894.
$
117,912
267,616
52,841
1893.
$
127,782
303,193
52,369
Total......................................... . . 4 1 0 , 6 3 4
Operating expenses and taxes. . . 3 4 2 , 3 8 0
4 7 8 ,8 5 8
4 4 4 ,0 0 0
4 3 8 ,3 6 9
3 6 5 ,7 6 3
4 8 3 ,3 4 4
4 5 0 ,6 3 7
3 4 ,8 5 8
7 2 ,6 0 6
3 2 ,7 0 7
1895.
1894.
$
7 2 ,6 0 6
4 ,8 5 0
1893.
$
3 2 ,7 0 7
3 4 ,8 5 2
7 7 ,4 5 6
3 2 ,7 0 7
1 0 5 ,0 0 0
1 0 5 ,0 0 0
3 ,8 5 4
3 ,3 5 2
............
1 0 5 ,0 0 0
1 0 ,6 8 4
5 ,6 6 6
3 3 ,4 8 5
1895.
1896.
Net earnings...........................
..
$
6 8 ,2 5 4
IN CO M E ACCOU NT.
1896.
$
$
..
6 8 ,2 5 4
3 4 ,8 5 2
Total......................................... . .
Deduct—
Interest on bonds.........................
Additions and improvements. ..
Hire of equipment........................
Miscellaneous.
6 8 ,2 5 4
Net earnings..................................
Other Income................................
3 ,2 3 9
5 ,7 2 8
Total............................................ 108,239
Balance, deficit................................ 39,985
1 1 0 ,7 2 8
1 1 2 ,2 0 6
1 5 4 ,8 3 5
7 5 ,8 7 6
3 4 ,7 5 0
1 2 2 ,1 2 8
G E N E R A L ACCOU NT D E C E M B E R 3 1 , 1 8 9 6 .
Dr.
Road, equipment, & o..$5,522,857
Supplies on hand...........
19,961
Cash..................................
55.314
Accounts due.................
29,265
Miscellaneous................
6,495
Debit of income aco’t .. 1,904,292
Total.............................$7,538,182
Or.
Capital stock..................$3,997,320
First mortg. bonds....... 1,500,000
P. C. & St. L. Ry. Co.
advances.................... 1,081,013
Coup, due July.l, 1895,
and prior.....................
841,435
Coup, due Jan. 1, 1896.
52.50C
Miscellaneous aco’t s ...
65,913
T otal............................$7,538,182
— V. 63, p. 879.
Ohio R iver Railroad Company.
( R e p o rt f o r th e y ea r end ing D ec. 31, 1896.)
President H . H. Rogers in the report says in substance :
*?
There has been a gratifying increase in the revenue from
freight and passenger traffic, notwithstanding the dullness of
trade that prevailed during the greater part of the year. The
gross earnings from operations were the largest iu the history
of the company, and the net earnings were sufficient to afford
a surplus of $21,713 after providing for all other ^charges
Improvements have been made in the physical condition of
your property which places it generally in a muoh better
condition than ever before. During the year $100,000 of the
Huntington & Big Sandy RR. bonds were transferred to the
Ohio River RR. Co. in part payment of the advances made by
it, and these bonds are now carried as a treasury asset on]the
books of your company.
j
_
lH E
[ V o t , L iX I V ,
CHROMOLE.
SU B
D iiit e d S t a t e s R u b b e r C o.
V . — p r r - i lo o t * » J O o o e r a l M »n a i?er Wart a d d # :
neer* carried one mil® w »# A 1!1
?®?’.
Q »o «
-n
11*43 |J#r c«’ u t; rate par i»»s .sensor
>L1
>a:
S9&. »n
% % %rW® eenw*; e a r n in g
km
'
paaeengor
06 lit 4, as
f wm t a t4 ie s iei\u% « ii11 n«4«<0ro
wa
%
& »* • » .
*«U Hi t!**t pre-etna* year.
3,910
sw5l»i*Tt1>
vw-44 611,025. ^ H a a t 553,910
. of freiiflit
(i M 70.100 totn, or 11 23 per
f
■
fps** in
i
u'*> Iii’oaiIn c r.’ id ■ *
#t#t, l% » ii
?#>!***
id
J$i|<S # » * *W
#
M tio ii y * r 1 f / r ; ,v ..y v
„ f through ln n lu »« than of looaU
t* #W
^
foe
to 1 ?t* 3 # o a e o n . due M tUe taet that tuo tounaga
frvm 1M
• ■ • •:“ tT‘ ’ ; ; i .t
tie ,, ra
f»c»f Itu
Mwi*
miit
iliirSiis
’ SUM during die year.
( R ep o rt f o r the y ea r en d in g M arch 3 1 , 1S97.)
P r e s id e n t R o b e r t D . E v a n s in th e r e p o r t s a y s :
“ T h e b u sin ess o t y o u r c o m p a n y h a s s u ffe r e d t o s o m e e x t e n t
fr o m t b e d istu rb e d c o n d itio n s th a t h a v e p re v a ile d in th e
p o lt t io il, m e r c a n tile a n d fin a n c ia l w o r ld s . T h e s e sru f iin ilia r
to a ll an d r e q u ir e n o s p e c ia l m e n t io n h ere. T n e w e a t h e r
c o n d it io n s w h ic h a f fe c t th is b u sin ess p a r t ic u la r ly w e r e u n
fa v o r a b le in th e e a r ly p a r t o f th e y e a r - b u t s o m e w h a t m o r e
fa v o r a b le t o w a r d th e c lo s e . T h e r e s u lt o f g e n e r a l a n d s p e c ia l
c o n d itio n s has b een a d e cre a s e d v o lu m e o f tra d e a n d a c o n
s e q u e n t d e cr e a s e in p ro fits . T h e p r ic e o f c r u d e r u b b e r haa
a d v a n c e d d u r in g th e y e a r , d u e to la rg e c o n s u m p t io n in o t h e r
lin e s o f m a n u fa c t u r e .
,
“ T h e p o lic y o f c o n c e n t r a t io n a n d B im p h n c a tio n o f m a n u
fa c t u r e , o u t lin e d a y e a r a g o , has to s o m a e x t e n t b een e a r n e d
o u t a n d w it h R ood re s u lts , a n d it is a d v is e d th a t fu r t h e r
p r o g r e s s in th is d i r e c i o n s h o u ld b e m a d e , T h e m a n u fa c t u r e
i£ i .‘ .uV . W utd in the main truck.u n y disposed o f $170,000 o f It# o f b ic y c le tires has b e e n u n d e r ta k e n in o n e o f t h e d isu se d s h o e
• *e"u u i
baring the rear
p la n ts, w h ic h w ill, it is b e lie v e d , n o t o n ly in c r e a s e th e v o lu m e
, t $ n . o .0 o f the Jirtn M »* to »* l f t S S S d
tJ,
o f b u sin ess a n d th u s h elp p a y t h e r u n n in g e x p e n s e s , b u t p r o v e
p ro fita b le . T h e r e c la im in g o f o ld r u b b e r b a s b een c o n c e n
tra ted in o n e o f th e fa c to r ie s , a n d the r e s u lt has b een a b e tte r
• r » r T ,* ¥ s :«
a n d m o r e u n ifo r m p r o d u c t a t less c o s t th a n h a s h e r e t o fo r e
•; V*iin'jt'tv” * ; ; i s o t ' " WtHonhl S
t
oar# W mater- b e e n o b t a in e d in th e is o la te d p la n ts.
, ,
S a le s h a v e b e e n c o n t in u e d u n d e r th e c o n s o lid a t e d p la n
«^aipmen,t » « se cu re ! on
a d o p te d t w o y e a r s a g o , w ith b e n e fic ia l r e su lts i n r e d u c e d
© sicjid ln f o m a period o f years.
e x p e n s e s an d d im in is h e d s to c k s . C o m p e t itio n has treen a c t iv e
The rveulte of operations ami the income account, etc., for d u r in g th e y e a r , b u t p r ic e s r e m a in e d u n if o r m a n d s t e a d y
a Mtrita of jears w.re given in V. 64, p. G61.
u n til M a r ch , w h e n a g e n e r a l r e d u c t io n w a s m ad e.
U is
e x p e c t e d th a t th e lo w e r p r ic e s th e n in a u g u r a t e d w ill r e s u lt m
Wilmington & Northern Railroad.
a la r g e r v o lu m e o f bu sin ess.
____.
“ N o n e o f th e p r o p e r ty o f th is c o m p a n y , n o r t h a t o f a n y o t
(R e p o r t f o r the yea r ending D ecem ber 3 1 ,1 8 9 6 .)
t h e c o m p a n ie s in w h ic h th is c o m p a n y is in te r e s te d , is h y p o t h
Pr, si i-nt Du Pont in the report says in part:
e c a t e d b v b o n d , m o r t g a g e o r o t h e r w is e .
“ I n c o n c lu d in g , it m a y b e p r o p e r to s a y th a t th ere d o e s n o t
se e m to b e a n y rea son w h y th e c o m p a n y s h o u ld n u k e a n y
f ” ,' ‘
e irrict Itiul the amount received per ton per mile
c h a n g e in th e p o lic y o u t lin e d a n d in a u g u r a t e d a y e a r a g o ,
n a cn e lv : T h at o f p e r f e c t in g c o n s o lid a t io n o f p u r c h a s in g , s e ll
r ^ ,:,
t « . over $i2.ao.>more.
is in g a n d m a n u fa c t u r in g , w it h a v i e w o f s t ill fu r t h e r im p r o v in g
1 - f z . t e K J S « s a s s a s a # s a M S £ i % - th e h ig h q u a lit y o f g o o d s a lr e a d y a tta in e d w it h o u t in c r e a s in g
•?•;•. 2 a s - :
s e n s a t t t th e m a n u fa c t u r in g c o s t.”
','»r«ta«, peVmU#r«a hr <ret4«
gimih. -
hm
token to Sucfpaie the number o f freight cart*.
, <f.
with
Your f»Fv«r.t-ri v
li«*R main turned in excellent condition, and m tli
the acuuii-til.il! Of additional freight cure, the facilities for doing
much larger business would be very satisfactory.
A * to m iit tenet ce the report says in p a r t :
In repair* wf bridge*. tre-Iics, water-stations, buildings, etc., 242,P07 fort of timber have been a*cd. This l* an increase of 10.098 ftet
over tlie preceding year, due to the rebuilding of live trestles, -lei.c-itt
1 twentyiiix thousandth* of a mile of main track were laid
.
ciunti a deoreMe of
it>»e..:, ton* a* e-imp,red v uh last year. This makes the whole
Hifimint of
track 5Bts4iooo niil6
-«.
.
, mi
i
111 1 ,l 11,1
(winpaml w >th the previous year. In ballasting 3,4‘s.O oubio yards
-•lieu
i.-d- .,1
-Ho- H M ..... I usedU .'
. . . . e' . . '
1!"C. 31.
Hue, consisted of „9
locomotive* and l<;.i cars of all descriptions
\ * at. meat of earnings Tor the year and general balance
sheet of D comber 31. 1866, were given in the CHRONICLE of
<
M ay 15,— V . 64, p. 949.
Jlon on galiela H ir e r R a ilro a d .
1897.
P rofit from oper. plant, ino.
from hivesu n’ ts, net from
sales o f goods, e to ....... .
$2,243,434
Exiienses, ©to.............. .
243,8kikj
1896.
1895.
$2,632,939
293,148
$2 ,930 ,243
213,873
Balance................... .
$1,999,612
D ividends on pref. s to c k .. . . 1,552,040
$2,339,791
1,552,040
$2,716,370
1,552,040
B alan ce..............................
Div. on com m on s t o c k ...-----
$447,572
403,320
$787,751
$1,164,330
504,150
S u r p lu s .............................
P rev iou s surplus.....................
f f n ’n m
410,014
$787,751
870,217
$660,180
216,037
Total surplus.....................
Charged d epreciation ............
$454,266
364,130
$1,663,968
1,253,954
$876,217
$90,136
$410,014
$876,217
S u rp lu s.........................
BALAN SH
CE EET M CH 31.
AR
Ansels—
r . y
..........................................................
Notes" and accoun ts receiv a b le ..............
M erchandise on hand.................................
f Report for the year ending Dec. 31, 1896.)
1897.
$505,022
Si T t w
1896.
$448,506
790,062
729,209
39,183,934
$41,157,711
Total
..........................
$41,093,053
Tin- report o f V ice-P resid en t and G eneral M anager FickinLiabilities—
$19,400,500
g tr say# in subatance;
Preferred stock ................................................... — $ M f«
20,166.000
Xutwith.tondlqK tho depressed condition of the coal business tlia
311.340
o< ti705
onlsmt of ih.- . limp,mV* two mines for the year was 488,000 tons, Accounts payable........................................
809,857
l*)nS 7i,ix*i ton* increnso over tlmt of any preceding year, and Due com panies*..................................................... ...
410,014
30,135
, h l » i v m i l d have been largely Increased if deliveries on sales Surplus............................................................
cits!,I have been made promptly. The price of coni, however, ruled
$41,157,711
....................................................................$41,093,053
n .my pfi-.-vdSug year, which of course utfeeted net results.
Ail improvcmi nt - and repairs have beeneharged to operating account,
* A m ou nt “ due com pan ies” represents goods sold by this com pan y
n»‘ vv “t*-*-! mine railH, i*.lmetrical wire, new dynamo and
■tai-lne. amounting to $7,806, which lias been charged to new con- on com m ission for m anufacturing com panies, for which paym ent has
ni
n ot been m ade.—V. 63, p . 1160.
**fhe property lias lu-cu put in better and more efficient condition
i n , , in. .luring the war. Three new minus have been opened under
V .... The U ,t note for tho 000 ears purchased by the Cool Company
.
, n m if-ir. August 1 , 1SU7, and annual payments to the amount of
i If, 02(1 ,,'IU V .M from that date. The last payment on 300 railroad
I O
n r - li! : »n dm' on the 2d of May. 1898, *o that notwithstanding tho
i.nf,-iia-i! ot 2*w additional com by thn railroad this year, the annual
car trc-i payments. Including interest, will diminish rapidly after the
m
Chicago Edison Company.
(R ep o rt for the year ending M arch 31, 1397.)
T h e C h ic a g o “ In t e r O ce a n ” g iv e s t h e f o llo w in g fa cts r e
g a r d in g t h e a n n u a l r e p o r t a n d th e c o m p a n y ’s n e w m o r t g a g e :
O crtra l Results.—T he gross incom e was about 9 per cent in excessi o f
that for the previou s year, and the increase in the am ount o l current
}
furnished was about 11 per cent. This indicates an average reduction
Ha* 8 locom otive*, 1.313 coal cars and 15 other oars.] In the p rice to t in consumer o f 2 percen t. The m eandesreut hunp3
m>c « .
f U» foa ! property. Including Us plant. r-t|iiipmcnt, eto., conn ected March 31, 1897, aggregated 208,964; arc lam ps, 5,180,
T V . cm
t tor *ix months' Interest to Den 1, 1890, payment o f m otors (horse pow er), 6,824. The equivalent in sixteen-can dle p ow er
and
■ m,' it,
■
i l L , I __ BBW__ _ 50y,-ar _ *
I H i 5 per oeu tco a l bond* ot 1895 was *U,163, : lam ps was 855,140, against 315,732 for the previous year, showing an
____ —
^
,
.
( in ihi' treasury of tho total issue of *1,590,000 first
the
m ortgage coal bonds $.330,625,
lnS
e - T h c 'i S c t T m S t l d n i l s ’ T d i v i d e d into $2,267,000 first
.
' ’ nfl» and $1,483,.000 6 per cen t debentures.
A r. tnparativ- •
titotnont o f earniag# for three years past
S »rn if$ ^ 0 0 *o5 oof°th e originai issue' o f ife ije n t o m hn v In g bM aiex was | ,)b!i«hfl last week. Tho balance sheet o n Dao. 81,1896, chanacd for first m ortgage bon ds, under the option w hich expired
t h o w t t l;
some time ago. Tho rem ainder o f the debentures arc subject to c all at
any time after Jan. 1 next at par amt accrued interest.
SlUKCE SiiKRT t>®0. 31 1896.
ifew \lm-lffage.—T\M m ortgage executed Ju ly 1, 1896. p rovided fo r
an im mediate issue o f $3,500,000 o f bonds and for additional issues
U ablH litsAit4Nh~
HP to tt lim it or $6,000,000; hut not m ore than a total of $ o,000,000
$1,167,520 Capltal stock...................$1,300,000
Iliad
QMUtrQr, and r julpm't 2.061,737 1 st M. bond#................
700,000 c in lie Issued unless the com pany, first increases its capital stock, so
409,800
coal bond#........ 1,500,000 that the total am ount of capital stock issued and fully paid shall at
c&t
Jk&eis, r«##.lfa.bl© and
Cnr trusts, prin cip al..
183,100 least eqa sl tho total amount o f bonds issued. Tho m ortgage ts a iltst
158,435
do
Interest.........
31,095 lien oil all the com pany's property an d franchise,.excepting a■P1®®®
iNM
di
0,345 Bills payable.................
04,193 moni'.rtv on IndJuna Avenue, and its mercliandise. The follow in g
V . * O, K. KR. O e ....
3,407 Audited vouchers.........
17,808 clause in the instrum ent explains the charge of $200,000 to deprecia
Mali Coal a Coke C o.
,
T r-s-u ry stock, par . .
25.600 Due to eos and Indlv’s
3,534 tion whloli appears in the report under review :
"TUe com pany shall annually expend In repairs and renewals not
Tr**»!iiy coal bonds..
336,626 N et hurplu*...................
369,739
loss than $190,000, and over and above the sum annually expended
fo r repairs and renewals in tho follow in g years the
»j£ ]
Total assets....... .
$4,169,469
Total liabilities.........$4,160,469
cred ittlie folio wing sums to depreciation accoun t: ^200,000 on or bo- V 64. p, 049.
THE OHROVPJLG.
May 22, 1897.]
fere Oot. 15, 1896; $40,000 March 31,1893; $50,000 March 31,1399;
$60,00 ) M trch 31. 190); $70.00 ) March 31, 1901; $40,000 M trch 3L,
1902; $90,0)0 March 3 L, 1903; $100,000 M irch 3L, 1904; and $100,000
oq M irch 31 ia each and every isnooeediu.? year so long as anv of the
heals sec ired hereby shall remala aapiid. B it the company may
•charge the actual cost of ban* tide extensions of its plaut and appltanees n ile after 3ept. 15. 139 3, against the credits of $40,009,
$30,099, $ 5 ),009. $70,090. 830.0)), $99,099, a a l $109,099, made on
the 31st lay of March, 1393, 139), 1999, 1991. 1992. 1993 an l 190 4,
respectively, and against the ana ial credits m ile in eioh succeeding
year to the fall am mat of such oredit items, b it no farther.”
Tae bon Is are re leemable at par and aocraed interest on any inter
•est date after 1910.
Impr
Dicing the last year the company expen led $320,090 in extensions a n l improvements. Of this amount $420,099 was
spent on real estate an 1 the remain ler on the plant.
Earnings - T a e in eom e i c o o i t r a n t e s the f e l l o w i i g showl a g f o r the years e ndin g March 31 :
189697.
Ket earning*............ .....................
i a cere31................................. . . . .
Dividends...................................
1895-96
$1,46L,034
893,517
1894-95.
$1,137,012
933,377
$362,567
152.133
339,332
Gro33 earnin?3............................
Opiratiag exp3n3es......................
$433,665
155,128
3 L9.033
Balance s u r p lu s .................. .
$21,822
$15,050
$9,499
GENERAL BALANCE 8HEET MARCH 31.
Assets_
1897
1893
18)5.
Plain.*. r» tie it kt3 an l f rais'd i363.$ 3,6 i ).3 30 $7,705,5 L7 $7,22 3,390
Work* in pr »gr333, in ktarial. eto..
19 >.49 5
10 ),917
13).959
A.'jGoaat* an l aot93 receivable... .
197,799
199,329
199,42 2
<5a*h_____ _________ ______ _______
206,541
43,920
207, f ->
0
$3,0)4,633
200,000
20,000
Surplus aoceUQt....... ...........
Total iiab lities...............
—Y. 63, p. 793.
..$9,171,075
2,503,500
30 4.426
19,713
$4,400,0)0
547,309
2,32 )|300
22 >,918
12,244
273,607
Ben-l* an l debeat ire*....... ......... . . 3,750,0 >0
Aeco iats anl a )te*p kyable___
$7,769,521
$4,9 48,437
Liabilities—
Capital -steof.......... .....................
263,759
$ 3,03 i,933
$7,769,321
P h i l a d e l p h i a C om pany.
('Report fo r the year ending Mirch 31, 1397,J
President Georg e VVestiagheu«e in the report says i
stance :
i
sob-
Finn i^inl.—Tae operations for the year show a p.mdt of $256,749,
after charging to operatin < expenses the allitlons to the West Vir
ginia pipe line, anointing to $242,799. a i l without taking into
aoomat the $62,144 ourrels of oil produced daring the year an l on
h m i Mar 'h 31. The bills payable on Mtroh 3L h al been re lu je l
f o n $639,039 to $399,715 anl since the close of the fiscal year
$75,0)3 additional notes have been paid.
Prospects—Tne building of the hues into Greene County anl West
Virginia has been fully jastlled by tie results, and the extensive
syste n of lines now o w led by yo ir com lany, extending in a uorthenterly and southwesterly direction a distance of 159 niles, his
brought within the scope of the operations of your o m p m y an
Im nense a n >unt of gas territiry, in which the develop neats have
been numerous an l important, initiating olearlv a m ich greater
available supply of natural jris than was anticipate l a few years ago.
The entire product is now sol 1 by rn srer, an l during the year the gas
sold am mated to LO,357,956,0 )i) cubic feet.
The ubu idant supply of nitural gas, an l its superior advantages
over the man ifaotured article, makes It possible to defer the erection
of a fuel ga > plant. In the meantime, such plants are being developed
by others, an l wuen the time arrives for the manufacture of gas to
eupple neat the supply of natural gas, your oo opa ly will be iu the
best possible position to establish a suitable plant at the lowest cost.
Property.—During the year 52 wells were drlllol [against 33 in
1895-931. of wuioli 3L were pro luctlve of gas, 11 of oil and 10 nonpro luotive. During the past four years taere has been a gradual
reduction in the percentage of aon-pro luctive wells drilled from 3 )'5
per coat la 189 4 to 19*2 per ceut iu 1397. Five wells were added by
purchase. During the year 32 miles of pipe were reclaimed and 5 4^
miles were laid. The totil amount of pipe liaes at present operated
by your oompaoy Is 924 miles, controlled by 63 telephone stations and
connected by 330 3 miles of telephme lines. Your comp my noils
un ler lease 33,794 acres of gas au l oil territory situate l iu Pennsylvauia ani West Virginia
The annual rental upon these leases
am >into i to $49,822 and the royalties upon wells to $49,335, or a
total of $90,207.
S ta tistics.— Ea rn ings and expanses, See., were as follow s :
EARXIKOS, EXPENSES, &C.
1895-96.
1891-93.
Beeeipfs—
1896-97.
$1,352,329
$1,156,199
From gas ..................... .. ......$ 1 ,2 2 3 ,3 3 3
101,732
1 20,30 l
D ) Oil. ..m r ............. ..
mn
40,420
50,6 >0
50,243
|b<i dividends received
$1,311,671
$1,523,853
$333,189
605,328
126,821
175,326
245,510
$199,111
54,269
117,321
162, L06
232,462
$1,486,874
def.$l75,203
$45,851
150,000
$765,862
$757,991
$133,317
337,500
Total receip ts...... .. .........$1,239,316
Dish ursement8—
New wells.........................
New pipelines an l extensions.
2 43,799
116,391
Rents of lan U ,& c.. . . .. . ........
Repairs an l prospeotlng
Operating, taxes, e to ...
Total expenses.......... .........
Net earnings.....................
Paid leased companies... .........
$961,067
$71,029
$195,851
$170,817
$71,029
T o t a l ....................... ...........
def.$371,054 snr.$287,174
Balance...........................
GENERAL BALANCE SHEET APRIL 1, 1897.
U U bim -llA IjU H
Assets—
Pipe lines................
$5,697,169 Capital stock................. $7,500,?
5L,(
B onds.............................
...............
Gas wells........................
433.06 5 Bonds
45,0
rur. money mtge.
*• ,
* -»
Oth.prop’y S franch's.. 2,46 ),105 Pur. immoy uibx«. . . . . .
c
51,
Stocks of other cos.......
336,470 Security deposits......... ,
49,
Accounts receivable. ..
281,557 A ooou u ts p lyable........
Bills receivable..............
56.L70 Bills payable................ . *399,'
&
Cash......................
49,233 Profit * loss (surplus).. 1,323,1
Total.............................$9,119,822
Total
• Up to May 1, 1897, $75,003 of these had been paid.
— V. 62, p. 947.
,$9,419,822
G E N E R A L
99^)
IN V E S T M E N T
N E W S .
. ’ R ^ o rg i i i z i t i o a s , Rrc. -Latent D ita a s to Defaults, Reorjanizition Plans, Paynent of Overdue Coupons, Etc.— 411
facts o f this nature apDsariag since the publicati on o f the last
issues o f the I n v e s t o r s ’ and S t r e e t R a i l w a y S u p p l e m e n t s
may b3 readily fo u a d o j means o f the f o llo w in g in dex. This
index d o Q not include matcer in to-day’ s C h r o n ic l e .
i
R
u l r o a d s an d
M is c e l . C o .’ s .
~ Volume 64—
Pape.
Amar. Grocery., .receiv. dtnied.837, 950
A'laatic Coast L'nes ........consol. -87
Atlantic & Pacific .................sold. 8*7
Atlas Tack.
................soli 841. 837
Salto & Olio ................... coupons. 8ll
Ca > Fear & Yadk. Val.........fnrecl. ?93
e
Centr il Washington___ ...forecl. 951
Chicago & Altjn ... .din. red ice l. 837
Ch.c. .fc No. P plan <n f-tU.SiS. 838, 9 >
1
Cuicago & West iMichigan ...coup. 812
Cm. Jackson t M ickina v ...reorg. 84?
Colorado Midland.............. f reel. 8-8
Colu n. H. V. &Tol..consol, deposit. 754
Do
Do
...... coupons. 842
Ft. Worth t Rio GraudeJaL sca^-d. 8*8
Illinois Central. .. bml issue o^ic. 953
•Ucisonv.Tampi & K. W...forclos. 883
Leb mon Springs .. ..new n cv. 838
Mid lie Tennessee & Ala....... sold. 8-8
Lexington Terminal ..............sale 79.>
Louisv. N. A. ic Ch.. dn il instalm't. 755
Memphis & Charleston, forecl. stu 79 »
N. y.Cent. & H. R...refund phn. 755
N, Y. & H irlem...refun l. plan.755, 953
Northaastern RR. of Gn..rrcor.8±Z, ^51
Ohio Yalley....................... ...sale. 9 5
4
Oregon im »rovem’t..reorj.8)0.8H, 90 r
Owensboro Falls of R & G. R. .sold. 755
uincy Omaha & K. 0 ..... sold.*00, 9 >
4
t. L Yandalia sc T. H ... .coup. r*43
Summit Branch.. ,sa'e.75o; deposits. 955
Superior Consol Land Co .. . ’■ecu-, sti
Union Pac. :ot.r.r.8s > 18 '1 dep >s,758, 9 ^
f
2
Do coll. tr. fidof 18 'l.cofiat.SU, 9)s
Do colt. t<\ 5s, o/ 183 l.............. 901
R a il r o a d
an d
M is c e l .G o ’ s ( C o n .)
Volume 64—
Page,
Union Pac. coU tr 6s of 1879......... 903
.
Do Kansas Central......forecl. 799
Utah Central ... ..... ...... ...sold. 955
Waeeling & Lake E.deposits of Ists. 935
Wisconsin Central ...couoons.'Sil, 903
STREET RAILWAYS.
Austin (Texas) R. T .......... reevr. 422
Belle City St. (Racine, Wis.) reorg. 610
Brigantine Transit................ sold. 373
Brooldva El. . .reevr.; reorg. plan. 609
Do coups.683; deposits.706,812.887, 951
Burliagtoa (la ) Electric. ... sold. 753
Butte Consol St. Ry. ....... forecl. 663
Calumet Elec. St...int. MayI. 798;
reevr, 887
Capital Ry. (Frankfort Ky.).. .sale. 423
Citizens’ i’rac.O in Diego,Cal.)recur.423
Col. & Maryland Ry. (Bilto.).reorj. 610
Columbus (O.)Central Ry..../orecL 842
Dallas City Street. ..............reevr. 567
East Birm Land & RR............sale. 843
Engle.vooi & C ilc. El...reevs. ctfs. 423
Fourth St. & Arsenal ) St.L...reevr. 511
People’s Rillwiv..S do reorg. 613
Gettysburg Electric Rv........forecl. 883
Highland Ave. & Belt (Birming
h i n. Ala.)...........................reevr. 707
McK9esp >rt D & W. ...def.,r cvr. 707
.
Hannibal (Mo.)St. Ry.reported sold. 610
Indian ip.& Broad Rip.»• v asked. 664
• '.c r.
Met. West. Side El. (Chic.)__ reorg 611
Saginaw Consol. St. Ry ...default. 954
South Jersey Trac.. .a >ld Q reorg. 887
.b 7\
Tacoma Ry. & Motor. . . . . . . . .sold. 665
A n t h r a c i t e C i a l C o m p Kites.—Invistigition Uider New
d a f t Tr ist A it — 0 a May 12, at ths requ s , o f Assistin', A t
tar ney-G mers.1 D ivies, Juitiae Chester, o f the Sup real j C >urt
o f N e w Y o r k S ace, issued e i m n e isa e to Pre3ii eat Sio ia o f ths
D e la va re L,ic ki v m n & Weetera RS., Pi-esidea; F o vler o f
the N e w Y >rk O tta-io S VVes;era, Presideat O l v p h a l t o f the
c
D dasvire & H a l e »a, P f e a i l e it M ixsvell o f the Ce itra l RR. o f
N <v J s rie y , Preeid eit H irrii o f t h e R t i l i u ? a i i President
V V d o u -o f t i a L n h i 'h Valley, direotiug t h e n te a p p e i r i a
Alb a uy 0 1 M ly 2 ) to answer q u -stioas as to oharges of vi dacion o f Ca apter 333 of the la vs o f IS97 against meuepeUes
a id c itnaiaatioas iu restraiuc o f trade. O i Wedaatday last
J u d ge Cues ter granted a stav o f proeeedi lgs u i il M t y 2 7 t o
enable the q lesti ias raised b y oeuasel for the oo il oo n piu ie s
to be argued. Th e referee therefore a i j mrned the h earing
until J u r e 1.
The At torn ey-Genera l in his p e t iti o i alleged that certain
oerp eraci ens. d i a i ' s . i o and foreign, hare entered in to an
illegal agree,neat or c ) n l i n a t i o a l i n ting the p r o i u e t i o i o f
aathracite c >al, and asked fer the ^ xa tn in atio a o f these
witnesees before a referee ia or ier to obtain i i f eraa itioa u o o n
w hich to base a suit. J a i re Caes;er n am ed Walter E. W a r d
as the referee. — . 62, p. 725.
V
' A s i t i b u l * iTater S i p p l y O o .— .Vofic; to B iniho’ ders.—
.
Notice is given that all bo l ia o ld e r s w ie hia g t i oar i i i p a A in
the benefite o f the b in d a o ld e rs ’ agree n e n t tn u t d epi3it their
b ends w ita tae K lick eroo eker Truet Co npany, 63 B -o id way,
New Y o r k , on o r before Juaa 1, 18)7
G e o rge H H i l t is
chairanan o f tba b oa dh elders’ reorgaaiz atio n c o a n i i t e e ,
A t l a n t i c Co ist M a e . —Sioik KetJiteai 6y lism of $ j,03J,000
Certi/tsatss of C , tested ness.— Tae o m p m y hae created
n
$5.OOP,00) o f cert iSeitas o f ia d e P te i less. Oc taie a m e u i t
$1.000,0)0 w dl be beld ia reserve aad $ e.0)),0 )) are issaed to
reduce the capital steok f r o n $10,000,00) t i $5.00),00), being
e xch a nge d , deliar fo r dollar, t e t h e e x t e i t o f ou e-h alf o f the
holdings o f sto ekh ilie rs wh e availed the nselves o f tae privi
lege. T a e cercifleites bear 5 per ce n t interest a a d are irre
deem able, rankin g as a cla im against the c o m p m y ia prefer
ence to the capital stock. No mortg age, it is stated, ca n be
placed o i the propert y without the co nsent o f two-th ird s o f
the certificates outstanding, a nd should a mortg age be
au horized, th e certificates will be e xcka a ge a b le f o r b o n i s
secured by it.— V . 6d, p. 887.
B a l t i m o r e & O h io R R . — Report o f Pnttersox & Crrwin to
Biltmore Comnittee. — Vtie Ba ltimore Roorganiz itioa C o m
mittee has furnisaed a synopsis o f the report m i d e to th em
by the exp ert account ant s Patterson & C orwin “ re vie w in g
the report o f Stephen LRtle, and in c o n i e c t i o a therewith
utilizing the annual reports o f the c o m o a a y fr o m 1888 to
1896 inclusive, the special report o f H . D. B alk le y o f F e b r u
ary, 1839, a n i the co m p a n y ’ s trial balance of Nov. 3 ), 18)5.”
This review was undertaken with the o b je ct o f ascertaining,
if possible, fro m the above-nam od data, the f lia a cia l c o a l i
tion o f the property on N ov. 30, 1895. The synopsis says in
part:
Patterson & C irwln state that a oarefnt examination of Mr. Little’s
rep >rt fails to dise ose at any pjiot a ,ied alte statement ai to the
flaancl at condition of ike o >mpaay. [ t w m l l appear that Mr. L’ttle
lias made some onrions errors a-id war strisiugly loo msist ant. Di rere loea are shown aft icting his st item an of eacre it assets and liabilities
t.
alone amoun lng to over $2,<500.000, iaclndlnr an ovsr*st atement of
available oaeh to the extent of over SL i 00, to ).
A.rter showing that tne report does uot dell iltely state th s 111 anolal
ooudition of the pro party, ia id that the s voalle 14,o alsei th at b m aghc
about canlition’’ were largely iaeffiotive. P.atterspn & Ooravin
claim It to b i evl lent that f ir fort ier i np »rcant c lines of tbs e no irrassmeat of the oompanv it will In neossstry to g> despe- Into the
faots than Mr. Little appsars to have pooetratel. Chao follow a
numberof statemsnts deiaoed for the purpoie of sup.plemsiUng as
THE CHRONICLE.
I,,r
n
.
, 1Mitft. O mi* >f ill m e
K
tU«
i\ m^**r**»M m
s
s r 41
.
th 4t *
# tk
m \ **# %in *i’Um tmm I i
»*&
\t
»* Of f i l l , -
[V L L 1V
O, X .
feet a savin;, of $116,90 ) a year in interest charge* to the corn
i in '.y , By ibis i. xeliiioge and bv the conversion o f Iowa and
f
♦ Minnesota D .vision bonds into preferred motsk, it is said the
I ■ -niptoy will t fleet a total saving of $153,459 a year.—V . 64,
■
p. 987.
••h«v| *h*i t^ a e m>UUcMi<>f til
si limit |l M fitifll bfl mm * vsmnium |
y lr* .;1
< hlcagu * Nortltorn PiiclUe RR. —'Ihitnsr > T erm in al
I'tMiisfi-r It :.
/inir: iti-in FI ut A itiptni. ~ v Tnurs-
U ^IlU -rti)’
| .li> 's ineftting o f Cnicag-> & Northern Pus .ft iu a iin o U sn
»cti ih<' ‘tutfliii ’iiiji n ibmft t*
m -* awtmi temt uSMBlt 1, .>00 mslug me plan of reorganiztt'oa a id Hie proposed settlement with
il*
it u*. ^ yoh«i «nI * <b t*r c
*
X*t
the Northern Pacific were unanimously adopted by vote o f
] a :>out 85 oer oeat o f the bonds
tifit' «t«4
ot only aboat j0M
die o|*a, as pu riisded in
tindioidcbt
iqo|
latersUBMl wltUont
AIborouch
■ . 6 U»v* really heou
t>
fij .-oust rfiet lo ft,
l u.(il tn make up llat i.MKm in d; vt-toe of
by
1
'
t»y wl[jlttli 'ill* 1It 110 SUftti > ill,, il. & O. UK. C«>.
im-r
ihf't&LpA
Tb****Ml » %
m ml
Vn
B, &
m
- lift5!
*1
'*;!
tow# arouiiitful e# being perlin eat at
o i i f r '*
1
v*f III# |
,d titit, l
•l&is
'•i
‘
ifcif
vfo
0 i*m timt
iv»* t ami the
is now )
t i ^ w - u - . r llk«
O, lilt
BblU Olliif «*t»!.• to hoot.
receiverV eeri i
iiitolitug ti go ammmlrt
iiigfPttfMte : a! this date upwards of
»
>( i
to dtv
‘t*t px
Tb«**p*»l 1!$#* pxwUamttHC4r\m tbi party have been alimvTulpublic
IIMI-,
twi rm% iitM tis* oftoA <t(trv Q teonnt at .it-by lhr. ill till1
expended
IttW
pri u * mmmmfm AmmanMexmwirti vtaty r.'ii.ur-, ,,,e. rr -diver* for
ft is ihereu,
(jtsw-iion a* to a huik.ru 1ir£8 portion oLtlie apparent
n,.;
i" of ' he 1! * O, KK Co may not have boon obtained at the
«*(»»■* of i t , phyaltsti condition of the property.
I; * Hslfin >ro R .orifnni/.m ot Committee states that the
•
full r. s. t: , f Patterson & Corwin, together with the tabula'ed
rabtldia, u now in the hands o f the printers and will be distnhat* d t* won as completed.
.Vw C.ir».—Tne company announces that 1,000 b o x c a r s
have i ,.-!i built for the Fairport Line for service between
Fair-port and o ants east, and an order has been issued that
il.i
ta n snail lie used exclusively on this line and in eotmeoti u with Hi- n**w Great, NorUiern-Bakiitwre & Ohio transC- ntitj, r ial traffic agreement.—V . 61, p. 950.
ItimiMii Revere Beach ti Lynn UK.—B ow ls Authorized.—
The M .-. .. ' usetts Railroad Commissioners have approved an
iiMit* of $
,< (hi tbirtv-yeiir 4 per cent bonds dated July 15,
1M»7, to 1« at plt**d, $350,000 to retiring and refunding $350,•
fXU6s and $311,000 to funding floating debt. The company
petition ,-d for an issue of $1,000,000 bonds. The total funded
-• i hi funded debt of the road was shown at the hearing
in
P> be I'.XlO.iy'to, divided as follow s: Funded debt, $350,000;
bonds aa»timed, $289,060; floating debt, $330,000. The float
ing ,b-i,t wan mostly incurrtd for improvements.—Vol. 63,
p. 967.
Bo*t m rerinlnitl. —Authorized to Issue Long-Term Bonds
i
to lifj& ife Short Term Jjpmd*.—The Massachusetts Railroad
C..ii.:i-.,,SKMi,-r- have grunted the petition o f the com pany to
Issue $6.<9 *.000 50-year currency 3*^ per cent bonds, dated
r ■!> ],
,
f. r the purpose of refunding $6,000,000 8}£ per
c» r t •u -iat d iog bonds which become due A.ug, t, 1898.—
Brook Its Elevated
Governor Signs Bill to Perm it
CV o f Brooklyn Bridge by Elevated Roads — Governor Black
! a, sign, d tile i<ih , f .Senator Brush to allow the elevated
read*. » iih the consent o f the Brooklyn Bridge trustees, to
run through trains over the Brooklyn Bridge.—V. 64, p. 951.
Carolina f ean w seo & O hio RR.—Sol i Under Foreclosure.
—This road partly . on* t m eted from W ilm ington to SouthJ- n , N C., WM off, red on May 15 at public sale at Southport, and « » » purchased by John R. Turrantine, Jr., of W ila n o ifM . S
for tin- sum o f $10,000, the sale to be con*
fini.- . i
tii" Superior Court of New Hanover County.
I litcsg., U t r .— (Jiinmlulatii>n a n d F r o n ta g e B ills D efea te d .
tut. CHB 'XICLB o f May 8 (pages 888, 898), will now n.- carried
in io -ff-c r . The name of the reorna zed com pany will be
Chi ago Terminal Transfer RR. Co.—V , 81, p. 951.
i o lo a la l T ru st Goiupaay, New York € it y ,— Oliicers
Bleated.— Ex fi.iv. R isw eil P. Flow er has bead elected Presi
dent pro i- in. o f this new truss com p ip y , which is anon to
occupy offices in i he St. Paul Building. ’ The trust es o f the
com pany a r e : Henry O Havemayer, Roswell P. Flow er,
G ardiner G, Hubbard, V ernon H. Brown, John E, Bowne,
Lowell M Palmer. George W . Quintard, W illiam T. W ardwell, W , Seward W ebb, GOorge Warren Sm t'h, Henry !7,
Whitney, Richard Deialiel i, Percival Kuhne, L. G Dessar,
Charles G. Dickinson, Theodors W. Myers, F a ik Curtiss,
Cord Meyer, and John S. Dickerson.—V. 83. p. 98®
Cnlntubns & Hues.ing Coal & Iron .— Circular to Bomiholders.—ilessrs. J. B, Roosevelt, H enry 8, Ely and Douglas
Robinson, trustees tinder the will o f W m . Astor, have issued
a circular under date o f May 18, addressed to bondholders,
stating that they hold $318,000, or more than one-third of
the outstanding bonds, and that in their beli f the rights o f
the bondholders can only be secured by foreclosure o f the
m irtgage.
They express their approval o f the course
adopted by the bondholders’ com m ittee, and think that ulti
mately a sale w ill be granted under the nr (gage.— V. 64, p. 810,
Coney Island & -Brooklyn (Electric) RR.— Bonds A u th or
ized.— The directors have authorized an issue of $1,500,000
five per cent 50-year gold bonds to provide for $700,000 of ex
isting bonds atid certificates of indebtedness, when due, and
for improvements as needed. Of the new bonds, $150,000, it
isstated, have been sold at 101}^ to pay contemplated improve
ments. Some objection is made to the proposed loan on the
part of the stockholders, who have yet to vote on the project.
The company’s loans and hills payable on March 31, 5897,
amounted to only $37,500.— Y . 64, p. 798,
Delaware R R . — Philadelphia Wilmington & Baltimore
R R , -Lease R en ew ed .—R e n ta l M odified .—The lease of the
Delaware RR. to the Philadelphia Wilmington & Baltimore
RR. Co. has been renewed for thirty years the original lease
having expired. Under the new lease the Delaware RR. Co.,
ins ead of receiving a minimum guaranteed dividend of 6 per
cent yearly, it is said, will receive the net earnings of the
property after deducting operating expenses, and will apply
the same to the payment of its interest charge and to such
dividends as may be earned.— V. 64, p, 178.
Duluth & Winnipeg Terminal.— Sold in F o reclo su re.—
At West Superior, Wis., May 15, this property was sold under
foreclosure of the first mortgage of 1893 for $350,000 and pur
chased for the bondholders’ committee consisting of John W ,
Sterling, John A. Garver and George H. Church. The prop
erty was bid in for $495,895, which includes the principal and
interest of the mortgage, and $159,379 for the principal and
interest on a judgment.
East Tennessee Land.—Sale M ay 29.—The foreclosure sale
is advertised for May 39 at Harrimao, Tenri.—V . 64, p. 433.
Gas Companies in New Y ork City— Cons dlduted Gas—
Etjmtable G as—Standard Gas.— Lato Regulating P rices.—
Tne A ct passed by ihs last L-gudature regulating prices for
gas in N ew Y ork City (Ou not, in territory he-- if er an
nexed) is in general similar to the law passed for the ci y o f
Brooklyn, It form s part o f Chapter 865 o f the laws of 1897,
and is entitled “ An act to regulate the price of illum inating
gas in cities of fifteen hundred thousand inhabitants ” It be
came, a law May 7, 1897, with the approval o f the G iver or.
The text o f the act is as follows, the head lines being Purs :
- A! M t -'
i
M. Ill,, on Wednesday, the Illinois Senate, by a
vote uf 2-t to 15, rejected the hill to permit the consolidation
1 .
■■ '
in the ciiv of Cbie.tgi which
|
* b ...
I ' be bid Chicago lias Trust, Their charters prohibit
■
r„ ! e l, |*ii>,n under th -ex istin g laws and the passage o f the
_'h »>r> d in ord* r to entry cut the agreement o f Octo- rmCBTO PRIVATE CONSUMERS TOBE GRAIlUA.I.I.y REDUCED PROMi l 20 TO ft.
• •'
01, p. 61b), in accordance with which the
section t. A e irporatijn, «-ioclatlon. company,-copartnership or person
.
• ; ..-ill d with the Olcott committee, si'aU not oaafKtt or receive for lUnminatlus gsia in a mtv, as now com Un ted
),
........ l ! i w as a lso ib f.-ateil.
On T h u rsd a y, h ow ever,
■■ d bv vole i f 20 so 9. to rr cor aider both hills,
■
■• ' n n-ad* -(Ki-inl orders for next Tuesday. E xr It V, flo w ,r nay* : “ I f the Ga*-FrOB<age bill has
’»'■ d it may Be an that we will have to get whatever
oglu fully e n title d to through the courts. It may
f I, mot!' lime, that i.« ail.” —V. 63, p. ^38.
i Mi
*ll«aB .lB i! A Hi, I*,m l R * ... Option to R efund
( hi ( t u n s /in" teli, i ,
jh r company ante.y to, Pram- Du Ohtetj Division g per cent bonds
c i •i
1, 11)0% will he exchanged by it dollar
: y f
tor ijotopany's 109-year general mort' ' ent gei.i bonds. Holders who may elect to
1 x- bange are to have their interest account adjustFivt
nthw' ini. r.-sl to July l , may, „t 8
'•
)
•=
t
: i ii-i • ;et r< u, F"),. ]. )8>jg, at
'
*ount, *J * i, a total <f $56 3, which is to
•
this offer o f exchange is to remain
«fl July t, and exchange# are to be n u de as of that
1 he total amount of ihe 8 per cent bonds out> i* p lan d at $,’>,674,000, The exchange will ef,
wliloli )i«« a pniKUati'in of
snms to exceed, per rum, .pd cubic foe'
•Ifinusr tlio remainder of thoyoar mo, Si .-o; u-.rla-rt lay-mr s.:S > i.« .luciOK
tn« >'««r USto,SI 10; during; tins year ;o i • SI »->, an I dvuluif u .c'i year there
.
after. si on.
- price to otrr to i!K aaAm'Ai&y
ltniurcuu rn n tt oo to 90 cents.
Sen 2. such ncorporation, association, con: ..any, coo irtnershhi or person, fall
not clt 'rae for lllnmiiiaUnif gas for Ulo ti,eo flay -licit city ,o n ; toevci id.
Per tliousond coble feet, .Inrind nut remain*lor . to.., year' s<7. si oo. d n-iiir
l.ooyear UM". to'.I7}4: dtuinv the year I.s. t e ...: dnrine r)i • year lim , pud.
a
eon duriiix trn year tin; real ter, #0 b.); imi; rtil 1act. sliall not a .ply t>. lo fc por
oli
ia
tion of the Pits of Now York which form.Miy
tef-ltill', i the town J IC
itufabrj-lct', or that pot M O Ms.iitl city which w:. , ftnnbxei..............________........... .
O
e........ .. I'ler-. o ;>y eriiC 'i' art
of the laws nf ISPS, euii'lfl "A n ant to annex to thfotty and emmtv'of New
•.w, of
Yorlt territory lying wliliia tin. inr ee n ; . ;__________ _________ Bint
forrlWjl ___ _ ______________________ vuta e-. .,r '.V
1 ncster nntj Wlllliuiwlirtupe, i he town of Woaleheamr.aml rtprlious 01 the towns
.
or !m»i. Chester and JPolbruo."
OTHER PBOVIHIOX.-',
Sue. 2. A .banco hereafter cib.'Ttod in tlio territory orboundaries nf such a city
either hy aimexmlon. eotisohilatioa or othorwl-.e, -hall net i.e. doomed ! c an
inrun nr ohabBo the territory -.vithir; 'vhioll the nrioo f' „-;u 1- re g u la te d ’ ntre, — x --------- - .------- ---- - ----- -------t
r
lit *........... ‘hut ‘ ■■ act snail continue In force lor the purpose i regulating
11 poivldml.
1
this
(I price uf gas (n such city, as now constituted, n t tvitiis!all itng anysubsetn..
<!''.cnt change of territory, but shall not. apply in or to teri-itory not novv m such
o
city.
M-c. t. The lllttmlnal inp gas furnished hy any ouch cor oration, association,
company, copartnership or person shall havo an illuminating power of not leas
■lem twenty two soerm cand-es or six to the pound, burning at ih j rale of one
hundred and twenty grains or snermueolt per hour >ested, at a distance of not
> Mom onoraUe irnm the place of manufacture, by a burner consuming Qvo
■
, .L e feet of gas tier hour, nod shall, as regards purity, comply with the stand
in
ard now or hereafter established by law.
— ...
Ma y 22, 1897.]
THE CHRONICLE.
Sec. 5. All acts and parts of acts inconsistent with this act are hereby reealed.
Sec. 0. This act shall take effect on the first day of May, 1S97.
— V. 63, p. 968.
International B ell Telephone Co .— S tock to B e R ed u ced .—
The stockhold rs will vote June 2 up m the recommendation
of the directors that the capital stock thereof be reduced to
$750,000, in $75 shares. The directors include : Samuel D.
Babcock, Gardiner G. Hubbard, Richard A. McCurdy, Charl
ton T. Lewis, Louis A . Thebaud.
Kings Onnnty Elevated H R .—P rog ress o f R eorg a n iza tion .
— General Jourdan is quoted as saying that the plan of reor
ganization wilt be announced in the course of four or five
weeks. It is proposed to equip the road with elec ricity,
probably using the Sprague unit system — V . 64, p. 793,
Lake Shore & Michigan Southern B R .— Veto 3$£ P er Gent
B on d s to be R ea d y A b o u t J un e 1.— The new 3 % per cent gold
bonds will be ready for delivery about June 1. The stock
holders on Thursday duly ratified the refunding plan.—V . 64,
p. 885.
b e e n p u r ch a se d
1001
by
p a rties in te r e s te d in
th e
M e t r o p o lit a n
5 reet Railway Co. The Central Cross-town RR. owns a line
ex'ending from Twenty-third S'reet and Eist River via Seven
teenth and Fourteenth streets to Hob >ken Ferry, and leases the
Christopher and Tenth Street RR., which runs from Christo
pher Srreet Ferry on the North River to Tenth Street .Ferry,
East River. The special significance of the change of owner
ship appears to be in the possibility that the Third Avenue RR.
Co., which now has a transfer arrangement with the Central
Company, can be shut off from this cross-town connection by
which large numbers of its passengers now reach Union
Square, Christopher Street Ferry, etc.—V . 64, p. 935, 843.
Middle Tennessee & Alaba ua R R.— Sale C onfirm ed .—
At Nashville, Tenn., May 10, in the United States District
Court, Judge Clark confirmed the sale of this road to Joseph
H. Dickson, of St. Louis.—V. 64, p. 888.
New York Jr Harlem R R .— New York Central & Hndson
t
River R R . — W h o G ets S a vin g fro m R efu n d in g o f H a rlem
B on d s. —We published last week a statement from Treasurer
Rossiter of the Harlem RR,, stating that the Harlem direc
tors were advised by counsel that all saving from the re
funding of the Harlem bonds would belong to the Harlem
Company. The directors of the New York Central, how
ever, take another view of the matter, holding that their
company is not obliged to pay the Harlem any rental above
the 8 per cent guaranteed on the stock and the interest on the
bonds, at whatever rate the latter shall be refunded. In
order, therefore, to protect its own financial interests, the
New York Central on Tuesday filed a protest at the meeting
held to authorize the new Harlem loan against the proposed
refunding, except on such terms as may be agreed upon be
tween the two companies. The question thus raised will be
settled either by a friendly suit between the two companies
or possibly by arbitration. The New York Central has en
gaged Edward J. Phelps in addition to its regular ounsel to
present its claims. The article of the lease bearing on the
matter was cited in the C h r o n i c l e of March 13, 1897, on
page 518.—V . 64, p. 953.
Northeastern RR. of G eorgia.—A d v ertised fo r Sale .—
Governor Atkinson invites bids for the purchase of this prop
erty until 4 o’clock June 21, 1897. No bid will be received
for an amount less than the sum of $287,090.—V. 64, p. 954.
Northern Pacific T erm in al. — A dju stm en t o f R en ta l. — A
friendly conference was held this week between representa
tives of the bondholders of the Northern Pacific and Oregon
Railroad & Navigation companies. The meeting was at the
offices of the New York Life Insurance Co., who are the
largest single holders of the bonds. Of the three joint ten
ants of the property under the lease of 1883, viz., the Oregon
6 California, Northern Pacific and Orego i Railway & Navi
gation companies, the two latter are merely tenants at will
Long Islam ! R R .— T unnel a n d A tla n tic A ven u e Im p ro v e as-successors to the original lessees, sold out under forclosure.
m en t.— Governor Black and Mayor Wurster have siened the Both the bondholders and the railroad companies are desirous
bill authorizing the change of grade of the company’s tracks of having the relations between the parties in interest adjusted,
on Atlantic avenue in Brooklyn, the expanse to be borne and at the meeting above referred to Mr. E l ward N. Gibbs,
equally by the railroad and the city, but the city’s share Treasurer of the N. Y . Life Insurance Company, was author
not to exceed $1,250,000. The tunnel company required by ized to appoint a committee representing the bondholders to
the bill is being organized, and it is expected to be only a treat with the railroad companies. Tbe annual fix^d charge
uestion of weeks when the improvement will be begun. of the Terminal Co., interest and sinking fund, is 8273,000
t is to be completed in about two and one-half years. The per annum. It is understood that the monev for the July
work is to be done under the supervision of the Atlantic coupon will be advanced, as it was in January, by the Oregon
Avenue Improvement board, consisting of seven members, & California and Northern Pacific.—V. 63, p. 116.
Lehigh Coal & Navigation Co.— Offer to E x ten d G old 6s
f o r $1,842,500, D u e Dec. 15,1897, a t 4 P e r Gent.— The company
gives notice that it has arranged with Brown Brothers & Com
pany, Philadelphia, to extend $1,842,500 of gold loan 6s, due
Dec. 15, 1897, for a term of seventeen years from June 15,
1897, maturing June 15,1914, with interest at the rate of 4 per
cent per annum, payable June 15th and Dec. 15th of each
year. Both principal and interest of the extended bonds will
be payable in like gold coin of the United States with that
provided for in the bonds themselves, without deduction for
any tax or taxes that mav be levied or assessed upon the prin
cipal and interest of uch extended bonds under the laws of
the State of Pennsylvania or of the United States of America
for State or national purposes, th» company assuming the pay
ment of all such tax or taxes. The Fidelity Insurance, Trust
& Safe Deposit Co. is the mortgage trustee. The balance of
the loan— $2,810,000— will be paid off, canceled and ex
tinguished at maturity, Dec. 15th, 1897.
Referring to the above notice, Brown Brothers & Co. of
Philadelphia offer to extend the bonds, as set forth above,
upon their deposit, with Dm . 15, 1897, coupons attached, and
the payment of $37 50 for each $1,000 bond, when deposited
(104% Jper cent premium, less 1 per cent to equalize the
difference between the interest ra’ e of 6 per cent per annum
and 4 per cent per annum for the period from June 15, 1897,
to date of maturity of the bonds —December 15, 1897).
The said firm is also prepared to purchase after June 15,
1897, any of the above-mentioned $1,842,500 bonds not ex
tended by holders at par, and interest at the rate of 6 per
cent per annum to December 15, 1897, less discount at the
rate of 3 per cent per annum. See full particulars in our
advertising columns.— V . 64, p. 371.
to be appointed by the Mayor of Brooklyn, two of them on
the written nomination of the President of the Long Island
Railroad.— V . 64, p. 953.
Oregon Improvement.— C ou pon s o f J u n e 1, 1897, an d
P r io r D a tes f r o m F ir st M ortga ge Bonds, D eposited Under
W a terb u ry A greem en t, to be P a id J un e 1 ,— The Waterbury
Metropolitan Street Ry.— M etropolitan Traction— Cen
tra l Crosstown M l . —D ecision T hat City H as Ho R ig h t to P u r
chase E ighth A ven u e L in e. —Justice Beach in the Supreme
Court on Thursday denied injunctions pend ente lite in three
suits brought to restrain the Eighth Avenue Railroad Com
pany from changing its motive psw erfrom horses to elec
tricity, suits in which were raised the question whether the
city has the right to purchase the road under the resolution
of 1851 granting a franchise. Justice Beach cites the facts
that in the confirmatory grant by the Common Council in 1854
the option was omitted, that a statute was passed by the
Legislature compelling an extension of the line to the Harlem
River which seemed to ignore the option, aad that the orig
inal grant was declared void by the courts.
The opinion concludes as follows :
Reorganization Committe- notifies holders of first mortgage
bonds that upon depositing tbe same with all unpaid coupons
at Manhattan Trust Co., New York, on or before June 15,
next, they will receive on or after June 1, cash for the cou
pons maturing on that date, as well as for any coupons which
matured June 1 or December 1, 1896 Also all holders of
certificates of deposit representing firs; mortgage bonds here
tofore deposited will receive cash for the coupons maturing
June 1 on presentation thereof, to be stamped at the Man
hattan Trust Company, New York. These payments are in
lieu of inti rest for tbe same period of tbe new bonds to be
issued under the agreement of reorganization.—Y. 64, p. 902.
“ It is possible that the municipal authorities might have had years
ago a standing in court to assert some claim in equity under the con
tract, al'hough in what form of action or for what relief it is difficult
to imagine. But even if suchrighteverexisted.lt has bean thrice
barred by the Statute of Limitations, and the insuoerable objection to
a successful assertion of claims long dormant and neglected.’ ’
Pit.tsbnrg Allegheny & Manchester
Traction.— New
M ortg a ge fo r $250,000 . —The stockholders at their annual
Philadelphia Reading & New England RR.—The United
States Court on May 18 granted the petition of W . W. Kurtz,
representing the bondholders, asking that the Pniladelpbia &
“ Besides the legislative action, a strong argument against the pres Reading RR. Receivers exhibit the books of that company at
ent exlsrenoe of the-right ot the city Is furnished by long aeqniesoence
and failure tor forty-tlve years t >assert any right, and in its treat the time of the reorganization, with the names of stockholders
ment of this railroad following the poliey pursued with reference to and amounts of their holdings. This is preliminary to an at
other roads, as against whiob no right has been suggested. The grant tempt to hold the Reading liable for the guaranty of Phil
containing the original resolution furnished the basis for the con adelphia R-ading & New England bonds. The plaintiffs
tract. The former has be.en repeatedly adjudicated to he void, and
there la no reas > why th - eontraot founded thereon should not be believe that under the foreclosure decree of the Philadelphia
n
subject to a like fate, especially as It was omitted from the confirma & Reading their claim by virtue of the guaranty was not cut
tory olause In the act of 1854. The one expired with the other, and off.—V. 64,p. 423.
both grant an 1 contraot are dead beyond hope of re-urreotion.
Counsel for the applicants for the injunctions propose to
appeal the case and will endeavor to have the matter heard
immediately by the Appjllate Division. The next motion day
is June 13.
C en tral C ro ss-Io w n L in e R ep orted P u rc h a se d — Control
of the Central Cross-town RR. Company, it is stated, has
meeting May 17 authorized the making of a new mortgage
for $250,000 It is proposed to issue $150,000 of 5 per cant
bonds secured by it to fund the bills payanle of $162,000, The
gross receipts for the year ending Aprii 30, 1397, are reported
as $463,000 ; surplus over all charges, $133,000, of which $83,000 was applied to the reduction of floating debt. The option
of the Brown syndicate on the property expired some time
ago, and so far as is known there is no proposition at present
to lease the road to the North Side Traction Co.—V. 64, p. 664.
10i»2
THE CHRONICLE.
I» rt
y».V,
k rtk a r D e lin k & W »» t» r* B y — B i d * A s k t d f o r
itmif lk:r*d$*-~ Its* fort n o G f i e i a l flo a t a CoDipHny in-
*rt d*$» op «o Juc» 15, Ufl7* lor the mirch*-** of Si ,497,-
5,4 5 t*r cett fir& nJcrijjjRt' boiidaacd $l.C64f0G0 ctpil&l
i
! i 'h e
[VOL. LX1V.
C o m m e r c ia l
C O M M E R C I A L
jin x e s .
E P I T O M E
F riday Night , May 21,1897.
$ u t k cf
>* td .
^
l i t *t h %
*
m «»« *r <ot H** bet o rot tit* to th e C h r o n ic l e
The low rail freight ralrs now ruliDg have stimulated trade,
in a f*w instai cts, to a litniied <xtent. As a rule, however,
ffgftfilirjrlb* piortiif i
r * t •• * *) * m v. u j >?*i1 « td rrt t1y ft r m rtv in 3M12. extfndlng c< rnplaints have continued gen(ral ot the unsatisfactory con
:
u j r » * t t ! I'ctu 4rtji8r M
*
jsradc»f l.t 1 e goptclnr tn f*a»&diL dition of business. Mtrchants, with few exceptions, antici
.7., 14 * ,’ i n iM - M i 1 1 ** t« nt t»ui Km i Li kt*. h dutar c© of *7
g . J, * ,»> * i s . f u* thr »ii»o i>!
,
s
loibfGuu Pilot Lake pate delay in the pasfing of the tariff bill, and latest advices
,, t U u ,»
h !• i* h * j rt-t it trui ii u* 1 be total b»t »1 (a»u<* on the rcet ivi d from Washington indicate that there will be con
t
, ... i ! ! . , \ . . i
*trr ii *r. The Toronto Gruei *! Ttu*t# siderable friction wheD the hill r< aches Ihe Confererce Com
»,
{ , - , •. ,
d» aid ct o*»o * »)l of tbo bond 1*M oi* the fc mittee. The Prt sideni's Cuban message showtd no departure
»©
7
B , , * I't br . »«•*jmx t> tl I3.&00, t t tl all the f ond
x\z..
s s .. i . . i t >.- >i»i t m t » mhfmo' l it auo conn
i
M iiliie io f from the conservative policy previously pursued, but at the
itr *i |t#l *tc a of t he i t tiadlan *# cl Ion out <f 3V,Oo<* »hftr< a, at» well close cf the week the Cuban belligerency resolution as passid
*• t«* » t n iff |N o! the *b*Jr# of th» Mil m aotn aeHloo.
i*t
by the Senate attracted considerable attention. The European
a .]>♦.?« t n r firr i!n r»'«d * # » teat!r for traffic* contiact w
ai» made
political situation has continued to improve, an armis 'Ce be
«ti t it#. iL#a <
« t» r * «-f theGun Flint a lo e for ibe baulaso •f Iton
■.
nualh for a period of tween Turkey ard Greece having been definitely concluded.
ti*fai o » - . . Unfortuiiaujjr* ©wins to tho ©oilapa© of the minim: iit- The directors in the so-called coal combination have been
r \
r•ii' ?t ct
•
* not bt'PO ( ii'h d out. lu oo'iHt-qnence of
.
•
.s\. d ■ •' e.o| meet of made defendants in an action brought to test the efficacy of
'••
ife* fs.ioit.4 i o *» < 1 ter. at h i* bvon i* H on the »•» od<*. Neverthe* the new Anti-Tiust laws.
t
>
lr »* >tr r. i h »* t*eeo oontlntirtSlf operated and aaffiel e*»t revenue cf©
The demand for lard on the spot has continued slow-. A
lltrd tL-<rvfrou'» to tiieet eAjK'USC'*, an well a® to keep the road In a good few i-mall sabs have betn made to local refiners, but the ex
m i # nt i« tifr
, .
The raitarav nifi# tn e‘o*<? proxlt«l*y to v» i ! »m stiver mines and iron port d< mard has remained flat and prices have furher ded
e
»> d *i*<* L*rfc ‘ tract* of umarfto and spruce timber suitable clired. closing dull at 4-lbe for prime Western, 3'65c. for
»
for
cat fr» me limber ard pulp wm»d. I he exte alon of he rail- prime City and 4 45c. for rt fined or the Comment. No buei%*) to Ku , Mlon . *b »ut l ’> iii'it > aHtant. and for which ihe company
ha* a ,
* r *.«! I run »hrimch the iron or© d«p«»*iis of the M«aaha mat has been iramaoled in the local market for lard futures,
Itance in Min- ♦
i. which, wuh the products of the large pine limits but at the West pric s have dfdioed under frte offerings by
uu w ruutr ..f thi« extcii*! n. wool■ biiutf a very profitable bu&iuess packers. At the close smallerrectiptsof swine than expected
'
to sh*- line between Guo F lot and Port Ar bur.
stimulated some buying by shor s to cover contracts and
The report to the Canadian authorities shows gross earniogs pricis advanced slightly.
fer lh»
ar eedir g June 30, 1896, of $8,458.
DALLY CLOSING FBIOB8 OP LARD FUTURB8.
St loo l* Chicago A St. Penh— R e o r g a n iz e d C o m p a n y .
—1 1 is ex it-par y till d articles of inoi rporation at Springfielo,
111., on May 14. as tucc< ssor of the -t Louis Chicago & St.
Paul Railroad, fcrrclo-cd April 8, 1897. The reoraarizition
plan was in the CHRONICLE of April 10. See V. 64, r. 708.
- ctbeatd Rj. - f Ah l t . i t n a Sold U nder F oreclosu re —
This (hort Alabama road was sold under forecloi ure at St.
St. ph- n-. Ala , May 10. an ) was purchased by James L. Lom
bard, Sardcrd B. Ijtdd atd Frank Hae-rmaD, trustees for the
boodbo dcr,, for the sum of 850.0J0.— V, 63, p. 78.
'imth Carolina tc h'eorgla RR .— E a rn in g s f o r F in e
M onths. —11 is c, mpany does not publish regular reports of
famine., tut the tiguri s from Juh 1, 1896, to April 30, 1897.
have hei a given out as fellows: Gross esrcii gs 81,068,000,
Li t ; CtS.UH ; tixid charges for twelve months, including sll
i
inter.»t elntg.a and taxes on Augusta Southern, are about
(888.800. The roe d has carried so far this year, it is said,
10,O 0 cars i f phosphates as against 7,000 car3 last rear —V,
'
64. p. 468.
Nonitult Rraneh R R.— R eorga n iza tion F o tice .— Depos ts
to t e ' eceitvif till J u ly 1 0 —Toe force! .sure sale is sec for
July 13. The Murri. reorganization committee calls atten
tion to this fact and says:
Theptvauf reorganisation liu been algned by a very large pere « U t e .f 'he t.(.iiitholdcrs. and ul*o by mor- ihsn a majority of Uie
*i-. . L ' ‘ ■ * Tilhowever, for deposit of bond- anti stocks
st»-1 *unrter with the Glrar.i Llf.- to.'irnaoc, Annuity A Trust Company
t
tf phi A-P-tphla i, exieed-d unlit July In. 1897 The o-.ntributlons to
!-» .,*;•! i-v tti• in tti ilileri will not 1)-reo ilrm or O
l
dlied
for us ill .h e r the c -nttimstton of the trustee's sate.-—V. Ot, p. 9 do.
Tennessee Central RR.— F oreclosu re Sale June S t —The
U r- closure eiih* lira b en set for June 21, the minimum bid to
e
be 8J2S.0CO.-V. 01, p. 708.
Third > a1lon.il Hank— National t ity Bank.— L iq u id a
tio n .—t h r stockholders of the Third National Bank Laving
voted t" I 'juLlate its affairs.the National City Bink will take
Over the arrounis of such of i s depositors as desire to make
the tr»r-fir
Mr. A. B. Hepburn, President of the Third
Satinet I, will become a Vice-PriaideDt of the Nationtl City
Bat k.
Fnlon P m ille Ky — Paym ent o f E quipm en t Bonds and
C ou p o n ,.—1 in- Union Tru.t Co. of this city and James G.
T
I l-i .i . in
-'on fegan May 19 the payment of the $310,500
nunt trus' bonds, series B, which became due April 1,
men bond re-reiving $1,000 67, the interest eiuce matuiity
t-m g irc'ud-d. They also lx gan paying the coupons due
At >ii i ..(> >i». . i|U'pment bonds of both aeries A and B, each
C 'i f " reoiving in all $25-17 —V, 64, p. 055.
<
tn lt-d Stalls Robber.— A nn ua l M eeting, — At the meetIr g in N-w Bruns« i( k. N. J . on luisdav. ihe old diiectors
w. re r«-« Ifci.it. with the exception cf Joseph A. Bannigsm
*r i Wfliism Hill. The direct'm* ilfcted are Samue 1 P, Colt,
of prr »ii- at o . R. I,; Rolert D Evans, of Boston; James B*
F n i, Charles R. Kline, J, Howard Ford, Robert Jl.Gallaway,
Chert’ « S'.'watt Smi'b, V illtam L. Tie? holm, John D. VerS
tr .'I- at d Grr-rae F Wn-d. of New York City; H uuv L
Hem} 1 «» srd Ctiatles L Johntor. of New Haver; M. C. Marto . rf >, w Bionrw jckjFredf rick M. Sheppard,of Esst Orange.
N. J . srd S«n oil N. Williams, cf Williamsport. Penn.
Mr Bsnrdgao, formrrlj Pceaidor.t, was present at the
trrrtlng at d made an addie-a in which he claimed the cut
ting r f pr r .s had be-n started by the United Slates Robber
( r f»p*r j at d a**rtied that another 5 or 10 prr cent reduct ■t wni'd .1 .trey ail ihe p<ofits. His factory at Wconeccket,
.
hr r tirred. v as b<lr g drci fmir ated against ard his sens bad
ff-r. it r< wn f tit ’ ( <mtlrjtrn.ni by ihedirrctnrs The anrual
rft»Tt i* putlithcd cn a preceding page.—V. 63, p. 1160.
1
0
am.
Hon.
Tues.
00
Wed.
Ihnr.
Fr\.
4*00 4
4*05 4*10
May.................... -....... . 4*10 4-C0
The demand for pork has con inued limited to jibbing lots,
and ss there have been nx derate offerings prices have weak
ened slightly, closing at $3 50@9 00 for mess, §9 59@10 50 for
family and §9 50@10 50 for sh. rt clear. Cut meats sold slowly
eatly in the week, but at the close there was an improved de
maid and prices were steady at 5t^@5J£o. for pickled bellies,
12@10 lbs. average, 5c. for pickled shoulders and S^tgOt^c.
for pickled baas.
The demand for beef has been
quiet, but pi ices have
been without changes and
sieady,
closing
at
87@8
for
mess,
$3@9
for
packet, $9@10 for family and 812® 14 for extra Inna mess.
Beef hams have been quiet but about steady st §22. There
has been a elight further declir e in the prices for tallow, and
at the conceesion a moderate export business has teen trans
acted, clcsing steady at 2 15 16c.
Olec-steanne has
been quiet and easier, doting at 4 1 16c.
Lard
s-tearine bas sold slowly, and at the’ close priceswere quoted nominally at 44£@4%c.
Cotton seed oil
has bed only a limited sale, but prices have Dot chaDged,
closing steady at 2Cc. for prime ciude and23)£@S4c. for prime
yellow. Butter bas been in fair demand, and choice grades
closed firm with creamery at ll@14o. Cheese has so’d slowly
and prices have declined, closing at 8% @ lt}£c for Siate fac
tory, full (ream. Fresh eggs have been in tsir demand, and
as receipts have been litr ited, prices have advanced, closing at
lli^ @ ]2 c. for choice Western.
A moderate busim ss has been transacted in invoice lota of
Brazil growth of coffee, but there have been free offerings
and prices have weakened slightly, clesing at- 7%c. Mild
grades have bad a fairly large sale at steady prices, closing
at 14c. for good Cucuta and 25c. for standard Java. Therebas been increased activity to the speculation in the market
for contracts, but it lias been at declining prices under si lling
for local and foreign account, prompted by continued large
Brazilian receipts. The dose was quiet and easier, withprices 30(345 points lower for the week.
The fe llowiDg were the final asking prices :
May................
7-25o.
|Aug . 7’30o. |Nov................. 7’35o.
Juno................... 7-20o. Sept................... 7 -30c. Deo.................... 7'35o.
July................... 7‘25o. I O it...................... 7-b5o. 1Jan. ......
7'35o.
Raw sugais have sold slowly and prices have weakened
slightly, cl< sing at 3J^e. for centrifugal, 96-deg. test, and 2 4c.
for n.uscovado, 89-d-g. ri s'. R-fim d sugars have continued
weak and prices have been lowered 1-16(3% c ., closing at 4%c»
for granulated. Teas have had only a limited call and there
has been less tone to values.
Kentucky tobacco has had only a limited sale, but prices
have been unchanged and steady. Sales, 150 hbds. Seed
leaf tobacco has contimed to sell slowly but values have
been maintain'd. Sales fur the week w» re 625 cases.
Thi re bas been a fairly aciive demand for S'rai s tin and
prices have advanced, closing firm at 13 5C@13'60c. Ingot
copper bas had a fair tale for the week and values have held
Bieady at liCpdlJ^c. for Lake. L°ad has continued to meet
with only a limited demand, but, values have been unchanged
and sieady, closing at 3 25(3 3 2"t^c. for domestic. Spelter
has been quiet but steady at 4'15@4”20c. fi r domestic. Pig
iton has been dull and easy at §9 25ta}12 00 for domestic.
Refined petroleum has been advanced, closing at 6 35c. in
bids , 3'gDc. in bulk and 6 80c. in cases; naphtha quiet at 5'50c.
Crude certificates have been neglected; credit balances have
besn advanced to P9c. Spirits 'urpentine has been quiet and'
easier, closing dull at 27) @ ?^fi. Rosins have been in fair
demand and firm, closii g at $1 67i£@§l 70 for common and
good strained. Wool has been quiet and tbe tone bas beeni
easier. Hops have had a fair call for deliveries on contract
1ut prices have continued easy.
3
4 27
THE CHRONICLE.
Ma t 22, 1897.]
1003
In addition to above exports, our telegrams to-night also
give us the following amounts of cotton on shipboard, not
cleared, at the ports named. W e add similar figures for
T h e M o v e m e n t o p t h e C r o p , as indioated by our telegrams New York, which are prepared for our special use by Messrs.
from the South to-night, is given below. For the week ending Lambert & Barrows, Produce Exchange Building.
this evening the total receipts have reached 20,6 32 bales,
ON SHIPBOARD, NOT CLEARED FOR—
against 32,067 bales last week and 42,333 bales the previous
Leaving
week, making the total receipts since the 1st of Sept., 1896,
May 21 at—
Great
Other Coast
stock.
6,583,428 bales, against 5,109,729 bales for the same period of
Total.
Britain. France. Foreign wise.
1895-6, showing an increase since Sep.l, 1896, of 1,473,699 bales.
C O T T O N .
F r i d a y N i g h t , May 21, 1897.
Receipts at—
Sat.
Galveston_____
Tex. City, Ao.
New Orleans...
Mobile...............
Florida..............
Savannah .........
Brunsw’k, Ac.
Charleston.......
Mon.
Tues.
Wed.
Thun.
Fri.
Total.
511
.........
789
7
279
......
2,401
212
287
......
2,324
319
.........
317
56
462
......
975
226
520
27
71
50
2,408
27
6,877
551
197
390
......
107
159
......
263
328
......
282
170
......
115
341
340
1,359
341
1,008
10
50
138
......
32
959
539
115
169
324
110
5,125
539
145
1,221
324
657
3,057
3,720
20,632
16
4
19
17
271
......
Wash’ton, &c.
Norfolk..............
Newport N.,Ao.
1,132
.........
......
1,582
........
Boston..............
Baltimore.........
Phlladelph’a,&c
218
......
1
230
......
105
209
......
339
127
......
30
257
......
40
Tot’Is this week
2,890
5,303
3,856
1,803
......
1,054
.........
The following shows the week’s total receipts, the total since
8ept. 1,1896, and the stock co-nignt, compared with last year.
Stock.
1895-96.
Receipts to
May 21.
1896-97.
This Since Sep.
Week. 1 ,1896.
This Since Sep.
Week. 1, 1895.
Galveston...
Tex. O., Ao.
New Orleans
Mobile..........
Florida.........
Savannah...
Br’wick, Ac
Charleston..
P. Royal,Ac
Wilmington.
Wash’n.Ao.
Norfolk........
N’portN.,Ac.
New York...
Boston..........
Baltimore. . .
Philadel., Ao.
2,403 1,344,781
27 109,599
6,877 2,029.657
551 289,133
87,573
1,359 828,639
341 170,566
1,003 396,288
71,091
50 234,338
857
5,125 697,539
17,169
539
48,272
145
1,221 155.461
324
60,806
657
41,557
2,776 920,475
216 112,249
7,022 1,710,704
193 195,404
32,583
74
3,377 740,820
43 115,049
819 276.933
75,426
443 167,004
767
3,364 330,930
1,068 167,629
160
52,858
1,778 121,523
326
47,531
407
41,844
Totals____
20,632 6,583,428
22,076 5,109,729
1897.
1896
42,585
1,400
100,639
3,874
123,451
8,777
11,937
1,405
18,922
16,170
1,845
16,126
4,179
6,100
11,699
325
153,125
10,000
11,087
7,702
17,032
919
133,214
13,000
15,910
9,020
378,909
385,276
...• .
a
23,712
-a...
In order th a t com parison m a y be m ade w ith other years, we
giv e bMow th* totals at lealiagports for six seasons.
Receipts at—
1897.
1896.
1895.
1894.
1893.
1892.
Galves’n Ao,
New Orleans
M obile.........
Savannah...
Ohas’ton, Ao
Wllm’ton.Ac
Norfolk.......
N. News, Ao.
All others...
2,435
6,877
551
1,359
1,003
50
5,125
539
2,698
2,992
7,022
193
3,377
319
443
3,364
1,063
2,793
2,514
12,190
755
3,014
1,105
83
754
1,107
7,5 43
1,645
6,673
153
3,171
239
74
1,407
332
7,853
2,204
9,883
218
2,579
1,180
246
1,976
1,592
5,481
3,959
11,460
735
4,574
1,811
371
2,261
2,832
8,974
Tot. this wk.
20,632
22,076
29,065
21,602
25,359
36,977
New Orleans...
Galveston.........
Savannah.........
Charleston
Mobile..............
Norfolk............
New York........
Other ports___
6,661
7,134
None.
None.
None.
None
3.000
3.000
2,823
969
None.
None.
None.
None
650
None.
5,825
3,947
None.
None.
None
None.
5,400
1,500
981
2,471
None.
500
None.
5,100
None.
None.
Total 1 8 9 7 ...
19,845
4,412
16,672
Total 1 8 9 6 ...
Total 1 8 9 5 ...
27,157
22,150
2,726 27,186
4,780 37,701
Week EndlnQ May 31,1897. SYom Sept 1, 1896, to May 21 1897.
Exported to—
Exported to—
Great
Conti Total Great
Conti
Total
Brit'n. France nent. Week. Britain. France nent.
Exports
from—
Galveston......
Tex. City, Ac..
New Orleans..
Mobile............
Florida.........
Savannah ......
Brunswick......
Charleston..
Port Royal....
Wilmlnsrton...
Norfolk.........
N’port N., Ac..
New York......
Boston...... ...
Baltlirore.....
Philadelphia..
6. Fran., Ac....
Total ..
.
7,001
495
84,349
28,014
11,987
18,422
3,374
6,599
144,075
31,578
9,052
50,011
328,898
6,658
15,617
63,727
80,248
321,549
480.094
Speculation in ootton for future delivery has been quiet,
and the tendency of prices has been downward, values
gradually receding under moderate offerings prompted by
quiet and easier foreign advices and favorable weather c mditions reported from the South for the new crop. Advices
from the lower Mississippi Valley state that the waters have
subsided over a large area, which has since b 5 ploughed up
en
and planted, and this, too, has had a depressing influ
ence. Saturday there was a quiet mark-t.
The open
ing was at a slight decline under local selling. Sub
sequently, however, the loss was recovered and the
close was steady. Monday the market was lower, particu
larly for this crop. Foreign advioes came weaker and
weather conditions at the South were reported favorable.
This induced selling, and the close was at a decline of 11 to 13
points for this crop and 4 to 6 points for the next crop.
There was a stronger turn to the market on Tuesday. For
eign advices came better than expected, and this stimulated
soma buying by 1ical shorts to cover contracts, and prices
showed an advance for the day to 5 to 6 points on the near
by contracts and 1 to 3 points on the distint months.
Wednesday and Thursday the market again weak
ened, the net decline for the two days being 9@12
points. Southern and foreign advices were weaker and
weather conditions were generally favorable throughout the
South. To-day th“ market opened 1 to 4 points lower under
quiet and easier foreign advices, and then further declined
under continued favorable weather reports from the South
accompanied by some selling orders. The close was quoted
steady with prices 8 to 10 points lower for this crop and 5 to
7 points down for the next. Cotton on the spot was quiet
early id the week, but late Wednesday and on Thursday large
sales were made to exporters and spinntrs. Prices advanced
l-16c. on Saturday but declined
on Monday. To-day
there was a limited export demand and prices were quoted
unchanged, middling uplands closing at 7^o.
The total sales for forward delivery for the week are
463,800 bales. For immediate delivery the total sales foot
up this week 11,488 bales, including 6,122 for export, 5,066
for consumption,------ for speculation and 3)0 on contract.
The following are the official quotations for each day of the
past week— May J5 to May 21.
On the basis of the rates on and off middling as established
by the Revision Committee, the prices for a few of the
grades would be as follows:
J loil Tues W e d
UPLANDS.
S at.
Good Ordinary............................
Low Middling..............................
Middling.......................................
Good Middling.............................
Middling Fair.................... .........
67s
7>s
77
8
8 ’ is
83t
63*
7:%
6%
738
3*18
8«s
81,6
8 58
6%
7%
734
8i,s
85s
XU.
F r i.
6%
73s
8i e
8=8
6%
73s
73i
81J
8
8«S
S at.
M on r u e s W e d T h .
F r i.
Good Ordinary............................
Low Middling..............................
Middling.....................................
Good Middling.............................
Middling Fair..............................
7>e
7\
8*e
8bs
9
7
7=8
8
8».«
87a
8TAINED.
S a t.
GULP.
Since Sept. 1 6583.428 5109,729 7746,996 5791,299 4879,520 6922,742
Tne exports for the week ending this evening reach a total
of 54,423 bales, of which 9,137 were to Great Britain, 8,5J2
to France and 36 734 to the rest of the Continent. Below are
the exports for the wsek and since September 1, 1896.
16,290
14,57 L
NOD6.
500
Noae.
5,100
9,050
4,500
Low Middling..............................
Middling.......................................
Strlot Middling...........................
Good Middling Tinged..............
7
7»8
8
8*16
87
8
7
7»8
8
8-18
87
s
7
7=8
8
85,g
87e
M oil T u e s W e d
T il.
Fri*
6*2
738
711.12
7%
6Lj
73s
71'32
7\
68)
6»8
.7%
71
e
721
3, 7 ,732
7%
77
s
7
7»8
8
8°10
87
e
6ig
738
7ri3i,
7%
6L|
738
7 l’l32
7%
7,0cl 732.641 195,471 231,404 1,209.410
m arket and sales.
21,793 21,798
17,730 17,730 816,166 422.280 042,348 1,879,793
The total sales of cotton on the spot and for future delivery
486 143,179
37,120 180 299
each day dilring the week are indicated in the following
......
72.22)
00,732
6,488
1
48,263 15,311 373,047 439,0 3 statement. For the convenience of the reader we also add
99,157
21,789 120,910 a column which shows at a glance how tne market closed on
78,322
191,8-9 270,211 same days.
09.109
09,109
SALES OF 8POT AND CONTRACT.
111,393 208,794
95.431
Sales of
SPOT MARKET
1,016 6,233 147,754 6,200 46,611 199,508
Futures.
Con- Svec- Con
Ex
CLOSED.
1,078
10,506
9.427
port. sump. ui’Vn tract. Tot*l.
1,501 14,755 18,592 301,504 30,945 23 1,559 669,008
487
29,200
487
2,459 229 195 Sal-day. Q't & flnn.iisad.
1.935 220,730
300 3,238 117.100
08,226 150,492 Monday. dteady at ^ do.. 1,694 1,244 . . . .
3,133 3,159 80,009 8,197
546
75,900
....
200
346
....
Tuesday Htendy................
10,101
450
9,051
137
351
351
....
59,200
...
Wed’ day Quiet A steady.
65,0 3
1 63,895 Th’day.. Active................ 3,309 2,415 . . . .
100
100
3,204
__
5,724
8 t.500
223 . . . .
919
. . . . 1,142
97,000
Friday.. Qnlet..................
8.502 31,731 61.421 2,929,304 077,434 2.091,263 5.701 001
......
4,217
2.339
3,985
29
137
9,187
Total, 1896-90. 18,832
195 24,487 43.611 2.111.421 457,260 1,722,129 4,290,800
Total___
6,122
5,066
300 11,488
463,800
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O O O o O f '* -»
A labama . ..
Enfaala,
Montgomery
“
Selma,
A rkansas . .
Helena,
Little Rook,
Gkokoia ....
Albany,
“
Athena,
“
Atlanta,
“
Augusta,
*
*
ColmnbnB,
“
Maoon,
“
Borne,
JjOUiavllle,?iel K e n tc ck y .
Shreveport, Louisiana .
Columlms,
Mississippi.
Greenville,
Meridian,
U
Natoliez,
Vlokeburg,
“
Yazoo City,
M issoum ...
St,. Louis,
N.C abolina
Charlotte,
Raleigh,
Cincinnati, Oh io ............
8. Carolina
Columbia,
(i
...
Greenwood,
T ennessee ..
Memphis,
Nashville,
Bren ham,
T exas ..........
(i
Dallas,
tt
Houston,
(O
H
0001*0
co® «
• - o o qq
« « w © eo0*^
”
CC O( NMH
lO M
I-M
CI C M
O
S :•
&Q
z;
o
P3
W
;S
’ 3
| | i a g | l s tA <
*a j *
* c !r lS “ ?S
* $ * ig g :
S S S S s fs | «
: e # :« 2_
•
! § § o r® | x s |
If •
t k S S l f t e J s.
‘ © S § 2 £ 5 &111 !? a © " 0 = 0 ® ft "3 «
*
£ J cm
S
«
3g *
«2 2 | 5 p H>
I * s S -< !§ -3 a s K s £ 2
s *
M M ^ l l s * * !
< 2 ^3 it & m g 4 < «s a « # & 2 g g * a s 2 s
8
6 S f lS l !l ® 5 t 'g l s E l ^ e H
# #
a >-H p a
B
11
I S s I S l I "1131 B b
to T3S3!«®a3«*3aGar
!® l§§ff®
'llllllllli
Market, P rices and j Market,
Range and
Balts o f
Total Sales.
f u tt tm Ub .
aq
SAtiirfiay, May 1 A— j
K
p&M (range)
CloiOnj*.
i
*1
5
G
jS
fj*
May.
y«n «.
Q u iet
A v 'g e .. 7*43 A v 'g e.. 7*44
600
400
29,200
6*85# 7*48 7*42# 7*43 7*43® 7*45
7 * 4 3 - 7*44
7 * 4 2 - 7*44
Steady.
Av'ice.. 7*83 Av’ge.. 7*31
E««ler0,000
1,900
117,100
P a w * j»&IA (range)' 6*70® 7*41 7*30# 7*36 7*28® 7*39
7 * 3 0 - 7*31 7 * 3 0 - 7 31
Steady,.
......
jg
-II
0 i # # 8llfse®*.!® *♦•'**,
Total, 31 towns..........
D A IL Y
Mtttt&M M ay 1 7 X
‘ i
M
A v ’ge.. 7*31 A v ’ge.. 7*33
Firmer.
600
1,600
75,800
6*80# 7*40 7*83# 7*35 7*31* 7*36
7*35— 7*36 7 * 3 5 - 7*38
Steady,
DRIVES AXI)
K * .A
sfc*>.# iiir-#-- ftm
-p.
6,700
17,400
7 ‘08
j
7 IS
J *> 08,0 00 | 704,900
SALES
11
30
48
9
82
6
94
232
315
32
9\
125
183
149
21
ill
68
22
21
4,525
187
106
2,476
742
114
1 . 1-2
67
52
27
1,769
15,472
128,164
08,993
50,515
88,2*-’ «
32,410
56', 178
130,811
281,614
45,053
60,905
62,765
7,278
302,633
34,668
57,529
41,228
63,851
80,676
59,302
526,503
22,918
26,362
291,693
35,206
10,266
551,603
27,329
54,523
52,060
1,314,255
12,896 4,387,019
OR FUTURES FOR EACH
29
310
395
9
645
6
113
205
3,931
108
275
254
189
854
63
300
1,125
127
1,331
52
7,615
187
396
2,739
742
114
7,268
55
100
42
2,028
132
1,290
1,173
1,114
3,427
1,014
154
2,290
8,110
1,730
29
1,047
340
3,142
121
1,700
279
1,859
5,976
1,490
28,643
593
3,679
— ■
—
120
33,844
631
332
41
3,332
31,813 112,982
35 S 2 ® J
Movement to 3
§ ® £ §10
Receipt*.
S h iv v rts
Stack
g »S ® ®
Thit
Since
Th.it
C
M ay 22. ft ® r rl
week. 6t:p l.l,’ 95. week.
» i e 0 a
7S S J et
Z
s
»
311 a ** > 4.
15
10,330
6
2,105 g S s g S
629
50
117,338
1,125 £
141
0 ► .■ 3
8
31,905
41
841
387
50,266
128
'
0,257 £ § *■ 9. 1"
98,484
8,839
411
11
1,172
26,756
3
3 S $
3,208
200
50,082
76
D-a t.
2,069
2,289
90,M O
O
163
10,451 O ©
2,245
172,-01
386
4,763
46,848
301
58
2.991 I * « e |
95
30
50,176
1,650
105
51,372
150
396 5 | ^ « |
142
5,853
197
>
r
3,421 © s5 d C
813
77,987
387
109 ^ © MJ3 ■18
2-1,394
19
>
1,800
200
40,500
x 05 ©
jy2,400 J3X> ^ " »
33,177
2,222
''2 6 3
47,841
63
>
n
5,427 . ? © ce ^3 ^
274
05,193
S —
375
4,702 © f * r £
570
2
53,326
37,264 q ao j© o
8,900
551,693
5,363
157
19,937
3 «e«o
157
!
263
i',445 S Je ■XJ «
20,795
208
3,504 5 8 2 ® m
5,811
198,264
6,374
S o-*'? g
:
90
33,037
90
'"65 0 3 ^ 3 g U
320
15,512
210
k
39,373 gr ®
6,877
416,182
875
145
237
21,123
187
2,261
200
53,552
85
45
4
41,130
4
19,410 a -5 d ® ti
1,147
1,657 1,035,316
H b = ► g*
5
» jC < ©
6
«X 5 00
17,755 3,568,070 41,858 103,017
MONTE.
April
March,
8*cftniory.
January.
December.
November.
October.
A v’ ge.. 8*99 A v ’g e..A v ’g e .. 0*87 A v ’ge.- 6 86 A v’ ge.. 6*8 Av’ge.. 6*92 A v’g e ..A v 'kq 7*40 A v ’ sre.. 7*37 A y’ge.. 7*05
300
3,700
1,000
~ 800
1,500
1,000
12,700
7,200
6*99® 7*00 — -®
7*44® 7*48 7*35® 7*39 7*03® 7*00 6*80® 8*87 6*85® 0*86 6*85® 6*98 6*90® 0*93 6 * 9 6 - 6*98 7*00— 7*0*2
7 * 4 6 - 7*47 7 * 3 8 - 7*39 7 * 0 4 - 7*05 6*86— 0*87 6 * 8 5 - 6*86 6*88® 6*89 0*9*3- 0*93
A v'ge. 8*9*2 A v ’g e . . ---- A v 'g e ..A v ’ge.. 7*35 A.v’(te.. 7*29 AV'K« ■ 0*99 A v’ge.. 0*81 A v ’ge.. 6*81 A v ’ge. 6*83 A v ’ge.. 6*97
1.600
14,100
5,400
13.100
4,800
7,200
47.800
15,200
6*9*2* 7*31® 7*41 7*26* 7*34 6*97® 7*01 8*80® 6*83 6*70® 0*83 6*81® 6*86 6*80® 0*88 6*92— 6*93 0*96- 6*97
0 * 8 1 - 6*82 6 * 8 1 - 0*82 6 * 8 3 - 6*84 6 8 7 - 0*88
7*34— 7*35 7 * 2 7 - 7*28 6 * 9 8 - 6*99
:A v ’ ge, 6*96 A v'ge..
A v’g e..
.. 6*82
A v’g e .. 7*37 A v ’gft.. 7*31 A v’ ga.. 7*00 A v ’ge.. 6*62 A v’g e7.300 Av’ge.. 6-84 A v ’ge.. 6*88
100
C,0i*0
3,600
5,100
3,700
35.800
12,000
6*00®
6*8 1» 0*84 0*60® 0*83 6*83* 6*85 6*87® 6 90
7*31® 7*40 7*28® 7*34 6*99 a 7*03
6 * 9 3 - 6*95j 6*97- e*i’ 9
7 * 3 0 - 7*40 7 * 3 3 - 7*34 7 * 0 3 - 7*04 6*84 — 0*85 0 *8 3 - 0*84 0 * 8 0 - 6*87 6 8 9 - 6*91
July
AuffUti.
September.
A v'ge.. 7*31 A v 'g e.. 7*31 A v'ge.. 7*34 A v'86.. 7*29 A v 'g o .. B0*98
Fabler,
O
O
37,400
4,200
1,900
50,200
100
-# 7*31 7*31® 7*32 7*33 # 7*30 7*27 ® 7*31 0*1)7 » 6*98
6*70# 7*36 7 35 7*28 — 7*29 6 * 9 7 - 0*98
7*30— 7*38 7*31— 7*32 7*34
Qnlet*
A
. 7*28 A v’ge.. 7*28 A v’g e .. 7*31 Ar'fffl.. 7*24 A v*Ki>. 0*93
Weaker.
4,400
39,300
9,700
8,600
1.200
85,500
Ipttmm d# H iratife') 0 '7 4 # 7*33 7*27# 7*-2S 7*28# 7*80 7*28 ® 7 33 7*22® 7 ;*t) 0*91® 0*9«
7 * 2 5 - 7 *20 7*2H- 7 20 7 * 2 2 - 7*23 6 0 1 - 0 92
7 * 2 6 - 7*20
m m d f.
6*f8
A%
*
,i?e.. 7 ‘20 #,¥*£«.. 7*2O]Av*uf0,. 7*82 A » ’« « .. 7*17 A V g «
tfiWItt
8,800
34,500
3,700
J5*200
1 *50#
W7 fKK)
a-aj* m 7 *77 7*16# 7*23 7*15# 7*24 I 7 1 0 # 7*87 7*12® 7*22 0*85» 0 91
7*15— 7 ’ ll) 7*15— 7*10 7 * 1 0 - 7*10 7 * U - 7 15 11*84~ 0 85
Steady,
T»*4t»i *mlr« %M* W S
P’ ’h
u
mmzk
Movement to May 21, 1897.
Meceiptt
Shipm'U Stock
Th.il
This
Since
week. Sept. 1,’ 96. week
OO^OODjt^
SUMO
m i
03,500
7-34
709.000
! 2,465,300
%%Ayim
S S
5S2feg,
5 9 S g<!
© ©
4J s
s5
|
» “
a
q W 24 i ^
fc ^
| i g V
s
© ^
m
C m
d J
r\
43 5
* s ir !
.. u . . e ®
l:* = ii
«o c © 5
t-P J f
r ©*si*g *
M
Av*ge..;A v 'g e .
A v’g e .. 6*80 A v ’go.. 6*80 Av’ge.. 6*82 Av’ge.. 0*86 A v’ ge..
3, *300
3,300
5,500
2.700
6*79® 0*81 0*79® 6*60 6*82® 0*93 6*85® 0 86
0 * 7 9 - 0*80 6*78— 6*79 0 *8 1 - 0*82 0 *8 5 - 6*86 0*89- 6*911 0*93- 6*95
i
c *S
f m
j, g
*C
*
© c
e #
S £
© d
© ^ 22 S
II
islL
S i?
=1 1 1
g
ed S 8 is © « t?
S i- S
^ 5 5 2
d
C S
M q M B Jt
I f
I I 4 ©
*
B
©
S ^
m
£ **
O
d * m
J « k
g
A.r*m. «'Po ;a v ’ rb.
A v ’ge.. 8*70 A v’ ge. 6-70 AV’ g e .. 6*79 Av’ge.. 6*82 A v 'g e ..1,000 j
6.800
8,500
6,600
3,300
; 0*88# 0*1V2- — #
0*73® 0*78 0*74® 6*78 6*70® 6*80 6*81® 6-84
I
0*801 —
6 * 8 0 - 0-811 0*114— 0'&5
6 74— 6*75 6 * 7 4 - S-75 0*77- 8 £ 0
S . 'K J
x
A v’ ge., 0*72;Av*ge.. 0-71!Av'ge. 0*75 Av*g«.. 0*7 7A v'«ti.,
5,100
18*0oo
6 ,UK)
0,100
0*75# 0*10) — #
6*09# 0*70 0*08# 0 1! 0*71# 0 7
0*75
0*70 0*70—
0 * 0 0 - 0*7 ij O'00-* t)*7< 0*72~ 0*7
00.100
0 * it
*28,700 |
0*80
207,400
404,200
80,000
0*05
427,300
172,400
1.000
0 :w§
S ^ ^ I
®
.. *■
0*05
s* # | K l# ®
! 0P I# *
1 *
M 32, 1897.]
ay
THE
C H R O N IC L E .
(jUTOATioss f o b M id d l in g C o t t o n a t O t h e b M a r k e t s .—
B e lo w are clo s in g q u ota tion s o f m id d lin g c o t to n a t S ou th ern
and oth er p rin cip a l c o tto n m a rk ets fo r each d a y o f th e w e e k .
CLOSING QUOTATIONS FOB tfIDOLINO COTTON ON—
Week ending
May 21.
Satur.
Galveston. .
New Orleans
M obile........
Savannah...
Charleston..
Wilmington.
N orfolk.......
Boston........
Baltimore. .
Philadelphia
Augusta_
_
Memphis_
_
St. Louis_
_
Houston_
_
Cincinnati ..
Louisville...
Wednes.
Thurs.
Fri.
73a
7 he
lues.
Mon.
738
73g
733
73g
738
73s
73a
77a
7^8
7%
778
8
75s
7°16
7»8
73s
75s
7H
7°16
71,6
733
71a
758
71316
7-8
8%
7«t
738
The
7o1
6
7he
7*2
771S
7=8
7=8
713le
77a
8
7%
73s
7%
77,6
7=8
7>a
7H
73a
738
7%
75s
738
738
7>a
738
738
7hs
758
738
7H
7M
734
7^8
7%
7 78
733
7\
7°|0
77
8
8
7=8
77
s
s
7=8
73s
73a
7716
73s
7716
7 >9
773
739
7H
8
7=8
738
738
7=8
779
7%
T h e clo s in g q u ota tion s to -d a y (F rid ay) a t oth er im p orta n t
Sou th ern m a rk ets w ere as fo llo w s .
A tlanta...........
Eiif aula............
7 Natchez.........
Charlotte........ 77^6 Little Rook_
_
67 Raleigh..........
8
719
Columbus, Ga. 718
Montgomery.. .
714 Selma..............
Shreveport___
Columbus. Miss 7
Nashville........
67e
774
R e c e ip t s f r o m t h e P l a n t a t io n s .— T h e fo llo w in g table
in d ica tes th e a ctu a l m o v e m en t each w eek fr o m th e pla n ta tion s.
The figures d o n o t in clu d e overla n d receip ts n o r Southern
con su m p tio n ; th ey are sim p ly a sta tem en t o f th e w eekly
m o v e m e n t fro m the pla n ta tion s o f th a t p a rt o f th e cr o p w h ich
fin a lly reach es th e m a rk et th rou g h th e ou tp orts.
W eek
R eceipts a t the P orte. St 'k at In terior Towns. R ec’pte fro m P la n t’n*
1897.
A p r.
“
“
M ay
“
“
10.......
23.......
30.......
7.......
1 4 ....
21.
1890. | 1895.
48,795
47,260
34,588
42,333
32,007
20,032
40,076
54,000
39.828
37,331
34,871
22.0701
80,617
09,905
50.937
41,900
80.605
29.005
1897.
1890.
1895.
204,020
184,847
171,920
144.401
131,701
112.982
263,009
247,104
233,041
209,770
187,12'
163.017
212,77?
186,041
105,978
148,553
137,S22
114,859
1897.
1890.
20,045
28,017
21,001
14,814
19,307
1.913
22.758 45.541
38,101 43,833
25,768 30,274
14,057 24,475
12,221 19.334
0.002
1896.
T h e a b ove sta tem en t sh ow s: 1.— T h a t th e to ta l receip ts
fro m th e pla n ta tion s sin ce Sept. 1,1898, are 6,575,816 bales; in
1895-96 w ere 5,240,046 bales; in 1894-95 w ere 7,804,420 bales.
8 .— T h a t a lth o u g h th e receip ts a t th e ou tp orts th e past w e e l
w ere 20,632 bales, th e a ctu a l m o v em en t fr o m pla n ta tion s wa;
o n ly 1,913 bales, the b a la n ce b ein g ta k en fr o m th e stock s at
th e in terior to w n s. L ast y ea r th e receip ts fr o m th e plan tationfo r th e w e e k w ere ---------- bales a n d f o r 1895 th e y w er
6,602 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 in c e S e p t , 1.—
W e g iv e b e lo w a sta te m en t sh o w in g th e overla n d m ovem en t
fo i the w eek a n d sin ce Septem ber 1, A s th e retu rn s rea ch ut
b y telegraph la te F rid a y n ig h t it is im possible t o en ter sc
la rgely in to deta il as m ou r regu la r m o n th ly rep ort, b u t ali
tn e p rin cip a l m a tters o f in terest are g iv e n . This w eekly
p u b lica tion is o f cou rse su p plem en ta ry t o th e m ore extended
m o n th ly statem en ts. T he results fo r the w eek en din g M ay 21
and sin ce Sept. 1 in th e last tw o years are as fo llo w s .
1 8 9 6 -9 7 .
M a y 21.
S in c t
S ep t. 1
W eek .
S h ip p e d —
V i a S t. L o u i s ........................................
V ia C a i r o ...............................................
V ia P a r k e r ..........................................
V ia E v a n s v i l l e .................................
V ia L o u i s v i l l e ....................................
V ia C i n c i n n a t i ..................................
V ia o t h e r r o u t e s , A c .....................
T o t a l g r o s s o v e r l a n d ................
D e d u c t s h i p m e n ts —
O v e r la n d t o N . Y . , B o s t o n , & o .
B e t w e e n i n t e r i o r t o w n s ................
I n l a n d , <fec.t f r o m S o u t h ................
T o t a l t o b e d e d n o t e d .................
7 ,6 1 5
1 ,8 7 8
262
5 1 1 ,8 4 3
2 6 2 ,6 5 6
1 8 ,0 1 5
2 .5 5 4
1 3 3 .0 1 5
1 3 7 ,9 2 6
1 1 4 ,8 1 3
“ 514
2 ,1 5 6
279
1 2 ,7 0 4 1 ,1 8 3 ,8 5 2
1 8 9 5 -9 6 .
W eek .
8 ,9 9 9
2 ,9 5 3
478
2 ,5 9 9
2 ,8 1 8
623
S in c e
S ept. 1.
5 2 4 ,9 7 8
2 3 4 ,0 0 5
1 8 .2 8 8
1 ,6 8 1
1 2 9 ,5 4 3
9 9 ,5 9 7
8 9 ,9 4 8
1 8 ,4 7 5 1 ,0 9 8 ,0 4 0
2 ,3 4 7
4
639
3 0 6 ,0 9 8
4 ,2 2 0
3 8 ,6 2 1
2 ,9 9 0
3 4 8 ,9 3 9
3 ,3 1 0
3 1 4 ,8 0 4
3 3 4 ,9 1 3
1 5 ,1 6 b
7 8 3 ,2 3 6
L e a v in g t o t a l n e t o v e r l a n d * . .
9 ,7 1 4
* I n c lu d in g m o v e m e n t b y r a i l t o C a n a d a .
2 ,6 7 1
5
634
2 6 3 ,7 5 6
3 ,3 7 i
4 7 ,6 7 7
T h e f o r e g o in g s h o w s t h a t t h e w e e k ’s n e t o v e r la n d m o v e m e n t
t h i s y e a r h a s b e e n 6 ,7 1 4 b a l e s , a g a i n s t 15,165 b a l e s f o r t h e
w e e k i n 1896, a n d t h a t f o r t h e s e a s o n t o d a t e t h e a g g r e g a t e n e t
o v e r l a n d e x h i b i t s an increase o v e r a y e a r a g o o f 51,677 b a l e s .
1 8 9 6 -9 7 .
I n S ig h t a n d S p in n e r * ’
T a k in g s .
R e c e i p t s a t p o r t s t o M a y 2 1 ____
N e t o v e r l a n d t o M a y 2 1 ...... ...........
S o u t h e r n c o n s u m p t i o n t o M a y 21
T o t a m a r k e t e d ...........................
I n t e r io r s t o c k s In e x c e s s ................
C a m e I n t o s ig h t d a r i n g w e e k .
T o t a l in s ig h t v a y 2 1 ................
N o r t b ’ n s p i n n e r s t a k ’ g s t o M a y 21
W eek .
S in c e
S ep t. 1.
2 0 ,6 3 2 6 ,5 8 3 ,4 2 8
9 .7 1 4
8 3 4 ,9 1 3
1 7 ,0 0 0
7 4 1 ,0 0 0
1 8 9 5 -9 6
W e ek .
S in c e
S ep t. 1.
2 2 ,0 7 6 5 ,1 0 9 ,7 2 9
7 8 3 ,2 3 6
1 5 ,1 6 5
1 7 ,0 0 0
7 2 0 ,0 0 0
5 4 ,2 4 1 6 ,6 1 2 ,9 6 5
4 7 ,3 4 6 8 ,1 5 9 ,3 4 1
1 7 ,6 1 2 * 2 4 ,1 0 3
1 3 0 ,3 1 7
‘ 1 8 ,7 1 9
3 0 ,1 3 8
2 3 ,6 2 7
8 ,1 5 1 ,7 2 9
6 ,7 4 3 ,2 8 2
5 ,4 4 6 1 ,5 4 1 ,1 6 7
1 0 ,9 5 1 1 ,4 9 1 ,1 4 2
* Deereuse d u r i n g week.
I L e s s t h a n S e p t . 1.
It w ill be seen by the a b ove t h a t t h e r e h a s c o m e i n t o s i g h t
d u r i n g the w e e k 88.627 bales, a g a i n s t 30,138 b a l e s f o r t h e
sam e w eek o f 1896, and th a t t h e i n c r e a s e i n a m o u n t i n s i g h t
to -n ig h t as com pared w ith la st y e a r is 1,408,447 b a l e s .
1005
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 .— O ur te le g ra p h ic a d
v ice s fr o m th e S ou th th is e v e n in g in d ica te th a t ou tsid e o f
T ex as d r y w e a th e r has b een q u ite g e n e ra l a ll th e w e e k . In
T ex as th e co n d itio n s h a v e b e e n v e r y fa v o ra b le , ra in h a v in g
b een b e n e ficia l, a n d th e p la n t is n o w g r o w in g ra p id ly . R e
p orts fr o m M ississippi d en ote th a t th e cro p is im p ro v in g in
th a t S ta te, b u t in A rk a n sa s, Ten nessee, p a rt o f A la b a m a
a n d a lo n g th e A t la n t ic , c o o l w e a th e r is co m p la in e d o f. A t
th e close o f th e w eek , h ow ev er, th e tem p era tu re has b e e n
h ig h er in m a n y d istricts. In sects are said to b e in ju r in g
stan ds in th e v ic in it y o f M ob ile. T he M ississippi is s lo w ly
fa llin g a t a ll p oin ts.
Ga/veston, Texas. — R a in s d u rin g th e e a rly p a rt o f th e
w e e k o v e r th e g re a te r p a rt o f th e S tate h a v e p u t th e g ro u n d
in e x c e lle n t co n d itio n , a n d th e fa ir w e a th e r n o w p r e v a ilin g
is v e ry fa v o ra b le fo r co tto n . T h e p la n t is g r o w in g ra p id ly .
F in er w e a th e r fo r th e cro p co u ld n o t b e d esired . S om e
in ju r y b y w orm s h as o ccu rre d o v e r th e w e s te rn p o r tio n o f
th e S ta te. F a rm ers b u sy c le a n in g o u t c o t to n . T h ere h as
b een ra in on t w o d a ys d u rin g th e w eek , t o th e e x t e n t o f
th irty -th re e h u n d red th s o f an in ch . T h e th e rm o m e te r h as
ra n ged fr o m 68 to 81, a v e ra g in g 74.
Palestine. Texas.— I t h as ra in ed on on e d a y o f th e w e e k
a n d th e ra in fa ll h as b een six te e n h u n d re d th s o f an in c h .
A v e ra g e th e rm o m e te r 70, h ig h est 84 a n d lo w e s t 56.
Humsville. Texas.— W e h a v e h ad ra in on on e d a y o f th e
past w eek , th e ra in fa ll b e in g s e v en ty -fiv e h u n d red th s o f an
in ch . The th erm om eter has a v era g ed 71, th e h ig h est b e in g
86 and th e low est 56.
Dallas, Texas — It h as ra in ed on one d a y o f th e w e e k , th e
p re cip ita tio n re a ch in g fifte e n h u n d red th s o f an in ch . T h e
th erm om eter has a v era g ed 70, r a n g in g fr o m 56 t o 65.
ban Antonio, Texos.— T h ere has b een ra in on t w o d a y s o f
th e past w e e k , th e p r e cip ita tio n re a ch in g fifty -e ig h t h u n dreth s o f an in ch . T he th e rm o m e te r has ra n g ed fr o m 58 t o
86, a v e ra g in g 72.
Luting Texas — T h ere has b een n o ra in d u rin g th e w eek .
A vera g e th erm om eter 73, h igh est 88 a n d lo w e s t 58.
Columbia, Texas.— It has ra in ed on tw o da ys d u r in g th e
w eek , to th e e x te n t o f on e in c h a n d th irty -fiv e h u n d red th s.
T he th erm om eter has a v era g ed 70, th e h igh est b e in g 83 an d
th e lo w e s t 57.
Cuero, Texas.— R a in has fa lle n on on e d a y o f th e w eek ,
th e p r e cip ita tio n re a ch in g fo r ty -e ig h t h u n d red th s o f an
in ch . T he th e rm o m e te r lias a v e ra g e d 69. r a n g in g fr o m 50
t o 88.
Brenham, Texas.— T h ere has b een lig h t ra in o n tw o da ys o f
th e w eek , th e ra in fa ll re a ch in g fift y -fo u r h u n d red th s o f a n
in ch . T he th e rm o m e te r has ra n g ed fr o m 58 to 88, a v e ra g
in g 73.
Fort Worth, Texas.— W e h a v e h ad ra in on on e d a y d u r in g
th e w eek , th e p r e cip ita tio n re a c h in g e ig h t h u n d red th s o f an
in ch . T he th e rm o m e te r has a v e ra g e d 70, th e h ig h est b e in g
84 a n d th e lo w e s t 56.
Wenth rford, Texas.— It has b een sh o w e ry on on e d a y o f
th e w eek , th e p r e cip ita tio n re a ch in g th ree h u n d red th s o f an
in ch . T he th e rm o m e te r has a v era g ed 70, ra n g in g fro m 56
to 85.
New Orlea's Louisiana.— Th ere lias b een n o ra in d u rin g
th e w eek. A v e ra g e th e rm o m e te r 74.
Shreveport. Louisiana.— W e h av e h ad ra in on tw o d a ys o f
th e w eek , th e p r e cip ita tio n re a c h in g five h u n d red th s o f an
in ch . T he th erm om eter has ra n ged fr o m 55 to 86, a v e ra g
in g 70.
( olumhvs. l ississippi.— P rosp ects are im p ro v in g b u t rain
w ou ld ben efit th e crop . W e h av e h ad n o ra in d u rin g th e
w eek. T he th erm om eter has a v e ra g e d 70, th e h igh est b ein g
79 a n d th e lo w e s t 60.
Leiand. Mississippi.—T eleg ra m n o t re ce iv e d .
Vicksburg, Mississippi.—"We have h ad n o ra in d u rin g th e
w eek . G ood c r o p w ea th er is p rev a ilin g . T he th e rm o m e te r
has ra n ged fro m 55 t o 86, a v e ra g in g 70.
Little Rock, Arkansas.— W e h ave h ad n o rain d u rin g th e
w eek . A v e ra g e th e rm o m e te r 67, h igh est 87, lo w e s t 52.
Helena, Arkansas.— T he w ea th er has b een d ry a n d c o o l
th e past w eek .
Crops are n o t d o in g w ell.
C otton h as
a b a d sta n d a n d is late on uplands. M uch o f th e b o tto m
lan d is still u n d er w a te r a n d th e riv e r is fa llin g s low ly . I t
is w a rm er to-d a y . T he th erm om eter has a v era g ed 62, th e
h igh est b e in g 81 and th e low est 47.
Memphis. Tennessee — The w ea th er has b een fine fo r fa r m
w ork d u rin g th e w eek , b u t th e g ro w th o f crop s has b een re
ta rd ed b y c o ld n igh ts. L a tte rly , h ow ev er, th e w ea th er h as
b een w arm er. R e p la n tin g is a ctiv e . Th ere has b een ra in
on on e d a y o f th e past w eek , th e ra in fa ll b e in g fifty -fiv e
h u n dredth s o f an in ch . T h e th erm om eter has a v era g ed 66-6,
ra n g in g fr o m 51'2 t o 85.
Nashville, Tennessee.— W e have had n o ra in th e past w eek .
T he th erm om eter has ra n ged from 45 to 85, a v e ra g in g 65.
Montgomery, Alabama.— The w ea th er has b een m ore fa
vorable. There has been rain on t w o da ys d u rin g th e w eek ,
the ra in fa ll b e in g th irty -n in e h u n d red th s o f an in ch . T he
th erm om eter has a v era ged 68, th e h igh est b e in g 81 a nd th e
low est 56.
Madison, Florida.— T he co tto n pla n t is sm a ll and n o t g r o w
in g w ell. T he w ea th er has been ra th er too co o l. I h ere has
b een n o ra in d u rin g th e w eek . T he th erm om eter has ra n ged
fro m 59 t o 88, a v e ra g in g 73.
Mobile, Alabama.— C rop a cco u n ts are n o t fa v o ra b le . C ool
n ig h ts are c h e c k in g g ro w th a n d in se c ts are in ju r in g stan ds.
T h ere has b een rain on on e d a y d u rin g th e w eek , th e ra in -
THE
1006
fi*}l
-"V<*n!<’ e n hundi'tnith.K o f a n in c h .
A v era g e
t b v m o i a e t v r <ft, h ig h ' -t 85, lo w e s t 55.
** 4 ,: ;,r i ,1 a< , > r y < \V.- h a v e h a d n o r a in d u r i n g t h e w e e k .
Tn-- tin: m n ta n ter h a t a v e r a g e d 08, t h e h ig h e s t b e i n g 87 a n d
Ma n c h e s t e r M a r k e t .— O u r r e p o r t r e c e iv e d b y c a b l e
t o -n ig h t fr o m M a n c h e s t e r s t a t e s t h a t t h e m a r k e t is e a sy f o r
y a r n s a n d q u ie t f o r s h ir t in g s . P r o d u c t io n is b e in g c u r t a ile d
s lo w ly .
Viie g iv e th e p r ic e s f o r t o -d a y b e lo w an d le a v e t h o s e
f o r p r e v io u s w e e k s o f th is a n d la s t y e a r f o r c o m p a r is o n .
.v m tfs n a ft, O f o n i i a .— W v h a v e h a d r a in o n t w o i l n y s o f th e
«*,.;■ ; > r a in fa ll r e a o h in g t w e n t y - t w o h u n d r e d t h s o f a n
h
t u - th i-r m o n e t e r h a s a v e r a g e d 73, r a n g i n g f r o m 58 t o
fy-u tli C a r o lin a .— T h e r e h a s b e e n r a in o n t w o
k. th e r a in fa ll r e a c h i n g fo u r t e e n h u n d r e d t h s
A v e r a g e t h e r m o m e t e r 7 i , h ig h e s t 83 a n d lo w e s t
4 ,r , ... .>{ th v
..f vs-o in c h .
s u itC m r g S ou th (n r .d in / t.— N i g h t s c o n t i n u e u n s e a s o n a b ly
(lim its o t h e r *
. W e ha ve had
in . ra in th e p a st w e e k . T h e t h e r m o m e t e r h a s a v e r a g e d 70*1,
t ie h ig h e s t M i n g 85 a n d t h e lo w e s t 53.
S ou th C a r o lin a .— It h a s b e e n d r y a ll t h e w e e k .
HIS a v e r a g e d 88, r a n g i n g fr o m 58 t o 79.
I I V s « , X a r t k < a r o i in a .— It h a s r a in e d o n o n e d a y d u r in g
t h e w e e k , th e m i u f a il b e in g t e n h u n d r e d t h s o f a n in c h .
T h e t h e r m o m e t e r h a s r a n g e d f r o m 55 t o 88, a v e r a g i n g 71.
t h e f o l l o w i n g s t a t e m e n t w e h a v e a ls o r e c e iv e d by t e le g r a p h ,
• flow in g th e h e ig h t o f th e r iv e r s a t t h e p o in t s n a m e d at
8 o 'c lo c k M a y 20. 1897, an d M ay 21, 1896.
May 20, ’97. May 21, ’ 90.
Feet.
Feet.
7*2
110
2*6
5-6
18-3
19-1
New O rir*n».......
Mmmphm
fc»fcvU3-...........
h
26-5
23*4
13 2
48-7
Shreveport........
YJekvburw...........
P a r tie s d e sirin g
the c ir c u la r in q u a n titie s , w it h th e ir b u s in t s i ca r d p rin ted
th e re o n , sh o u ld se n d in th e ir o r d e r s as s o o n as p o ssib le , to
en su re e a r ly d e liv e r y .
H igh
W
i s t h e Mis s is s ip p i .— A c o n s id e r a b le
flo o d s itu a tio n in th e M ississip p i V a lle y
k. T h e w a te r is r e c e d in g a t a ll p o in ts
M ississip p i c r o p s a r e b e in g p u t i n o n
l* n d .
ater
f t c v u D t nt in ib e
i e c u r te d th is wet
in Arkansas an d
c e n t ly s u b m e r g e d
I ndia C o t t o n Mo v e m en t F rom
1897.
1896,
8 k 15*. Shirt Golf’ ll
32* Cop. ings, common Mid. 32* Cop.
Twist.
Twist.
to finest.
Uplds
d. 8. d. s.
0 *6
0 96
OhidU
1 ltd
Objae
o»3»0
d.
Ap.16
• 23
•
'• 30
May 7
“ 14
“ 21
e% ® 7>4 4
67]e -® |v 4
7®
6hi »7Us 4
6®j.s 97t\e 4
6 >« ®73g 4
6% »7M 4
im has
an d
re
Receipts.
This
Week.
•M-7
'85-6,
2,000 8.000 10.000 26 000:452,000; 478,000
. . . . . . 37,000 37,000 6 4,000; 622,000 <3*6.000
•94-5 2.000 '3 OOP 15,000 18.000 328,000 343,000
•93-4 2,000 20,000.23,000 44.000 621,000! 665,000
Shipments f o r the teeth.
Shipments
Great
Britain.
Conti
nent,
Calcutta—
1««h»-v 7...
Great
Britain,
Total.
Since
Sept. X.
47.000 1.333.000
52.000 1.899.000
82.000 1 . 202.000
44,000 1,487,000
since Sept. 1 .
Continent.
Total.
1.000
T ota l all—
1060-07...
18 9590 ...
6,000
10,000
3.000
5.000
51.000
69.000
57.000
69.000
6,000
10,000
3.000
5.000
Madras
1660-07.,.
lftfMMM..,
AH oUic rs—
W»b-M7.
1*95.90..
14.000
7,000
20.000
3.000
1.000
8,000
23.000
13.000
71.000
66.000
94.000
79.000
6.000
7,000
13,000
35.000
33.000
136.000
132.000
171.000
165.000
8.000
1,000
13.000
BXFORTS TO EUROPE FROM A.
Shipments
to all Europe
from—
17.000
1996-97.
INDIA.
1895-96
1894-95.
All other port*
Total
Sept, 1. meek.
10,000
7,000
478,000 37/000
171,000 13,000
086,000 15,000
165,000
9,000
343.000
118.000
17,000
Botcnay.... ..
tseek. ’
Sin
Sept.
049,000 50,000
851,000
461,000
This ]
Since
This
This
week.
Since
Sept. 1.
24.000
m *
8tae*i
it,
1890-97.
189590.
1894-95.
'
i ....... '
16,000
5,742,000 1
7,000
5,188,000
; This
Finer
; Since
1em k. Sept, l.j week, jSept. 1,
This
1,000
4,531,000
This
week.
17 8
4
4*16
1895-96,
Slock.
1896.
....
8,659 1,028
1,433
680
2,037 1,238
30 100,009
53
89,634 12,729 2,946
53 74,431
10,420
4,783
Since
Week. Sept. 1.
S’vann’h, &o
Charl’t'n.&e
Florida, &o.
New York..
, r .r m
nn m
**385
........
15,023
2,933
3,176 18,204
2,933
213 27,737
35 1,860
6,733
10*882 6*702 17.5S4
11,377
**3*85 11,377
3,622
102 3,724
........
385 43,842 9,9S0 53,822
145
1,454 40,875
248 36,430
7,046 47,921
1,029 39,202
A c o n s id e r a b le p o r t io n o f t h e S e a I s la n d c o t t o n s h ip p e d to
fo r e ig n p o r t s g o e s v ia N e w Y o r k , a n d s o m e s m a ll a m o u n t s v ia
B o s to n a n d B a lt im o r e . I n s te a d o f i n c lu d in g t h is c o t t o n f o r
t h e w e e k in w h ic h it le a v e s t h e S o u t h e r n o u t p o r t s , w e f o l l o w
t h e s a m e p la n a s in o u r r e g u la r t a b le o f i n c l u d i n g it w h e n
a c t u a lly e x p o r t e d f r o m N e w Y o r k , & c . T h e d e ta ils o f t h e
s h ip m e n t s o f S e a I s la n d c o t t o n f o r t h e w e e k w ill b e fo u n d
u n d e r t h e h e a d “ S h ip p in g N e w s ,” o n a s u b s e q u e n t p a g e ,
Q u o ta t io n s M a y 21 a t S a v a n n a h , f o r F lo r id a s , c o m m o n ,
8 c .; m e d iu m fin e , 1 0 c,; c h o ic e . 13}.£e.
C h a r le s t o n , C a r o lin a s , m e d iu m fin e , 155117c.; fin e , 1 8 c .;
f u l l y fin e , 1 9 ® 20c ; e x t r a fin e , 2 8 @ 3 3 c .
E x c h a n g e s .— T h e f o l l o w i n g e x c h a n g e s h a v e
d u r in g t h e w e e k :
been
m ade
‘09 pd. to exch. 1,400 Aug.for J uly. •03 pd. to exoh. 300 Aug. ror may.
‘07 pd. to exeh. 800 A ur. tor J’ne. •06 pd. to exoh. 2,300 Aug.for July.
18 pd. to exeh. 200 Deo for Sept. ■48 pd. to exch. 500 Nov. for Aug.
*08 pd, to exch. 1,000 Aug.for July, 02 pd. to exoh, 5 JO Oct. for Deo,
‘ 50 pd. to exoil. 1,500 Nov.frr Aug. •47 pd. to exch. 500 Jan. for July.
' l l p i, to exch. 1.500 Nov. for Feb. •46 pd. to exoh. 500 Jan, for July.
-42 pd. to exeh. 900 Jan. for June.
’44 pd, to exch. 500 Deo. for Ang.
■07 pd. to exch. 1,000 Oct. for Jan. •04 pd. to exoh. 500 June for July.
•03 pd. to exoh. 000 Aug for June. •40 pd. to exoh. 800 Jan. for Aug.
‘ 18 pd. to exoh. 100 Oct. for Sept. ■01 pd. to exoh. 1,000 O ot.forN ov.
’04 pd. to exoh. 300 Deo. for Jan.
E g y p t ia n
C r o p .— U n d e r d a te o f
A le x a n d r ia ,
A p r il 30,
M essrs, M o h r & F e n d e r l r e p o r t t o t h e S . B la is d e ll J r . C o . o f
B oston as f o l l o w s :
A l e x a n d r i a R e c e ip t s a n d S h ip m e n t s .— T h r o u g h a r r a n g e
m en t* w e h a v e m a d e w ith M essrs, D a v ie s , B e n a c h i & G o., o i
L iv e r p o o l an d A le x a n d r ia , w e n o w r e c e iv e a w e e k ly c a b le o f
th e m o v e m e n ts o f c o t t o n a t A le x a n d r ia , E g y p t . T h e fo llo w in g
are th e r e ce ip ts an d s h ip m e n t s fo r t h e p a s t w e e k a n d f o r th e
c o r r e s p o n d in g w e e k o f t h e p r e v io u s t w o y e a r s .
AVemndrUi» tSsrupt
Mag 19
I lia ,
North’n Mil s.
1,309
fo b fo u r v e x e s.
Shipments since Sept. 1.
T ea': Oreal Otwli- _ . . Great
ContiTotal.
j Brttn. nent. , Total. Britain nent.
9
9%
9
9
Great France
Great France
Total.
Total. BriVn.
BriVn. die.
d ie.
Total 1895-6
,«so stitpstKjtTS
4 4t* 9 6
4 5 90
4 5 *6
4 5V®0
This
Since
Since
This
week. Sept. 1. week. Sept. 1. 1897.
335
meek.
&.
8. d. s. d.
1 -lhi» 6 8 hi 43g
4 4 V 4 B 8 *s
Week E nding M ay 21. Since Sept, 1,1896.
Exports
from —
Total........
s k o b ip t s
a.
97*8
9 7 ‘<
n
®7%
» 7 7 j,
» 7 7 ,t
07 7 „,
T h e e x p o r t s f o r t h e w e e k e n d in g t h is e v e n in g r e a c h a t o t a l
o f 385 b a les, o f w h ic h 383 b a le s w e r e to G r e a t B r it a in , —
t o F ra n ce an d —
to R e v a l, a n d t h e a m o u n t f o r w a r d e d
to N o r th e rn m ills h a s b e e n 243 b a le s, B e lo w a r e t h e e x p o r t s
f o r th e w e a k a n d s i n c e S e p t e m b e r 1 in 1896-97 a n d 1895-96.
a m i s h ip m e n t* o f c o t t o n a t B o m b a y h a v e b e e n as f o llo w e f o r
t h e w e e k a n d y e a r , b r i n g i n g t h e fig u r e s d o w n t o M a y 20,
sn m iA T
6
d.
Oh
6h
Oh
6«is
6ri«
6 » ,ft
ings, common Mid.
to finest.
Uplds
30 82,896
10,380
6,733
Phila., & o...
f Mhipmenl* tMs
a.
4»S
4>e
7 h 4ki
7hi * ; «
7
1896-97.
Receipts to M ay 21,
P o r t s .— The r e c e ip t s
all
d,
7
7
8 > lbs. Shirt Ootrn
4
S e a I s l a n d C o t t o n M o v e m e n t .— W e h a v e r e c e iv e d t h is
(F r id a y ) e v e n in g b y t e le g r a p h f r o m t h e v a r io u s p o r t s t h e
d e ta ils o f t h e S e a I s la n d c o t t o n m o v e m e n t f o r t h e w e e k . T h e
r e ce ip ts fo r th e w e e k e n d in g t o -n ig h t (M a y 21) a n d s in c e
S e p t, 1, 1896, th e s t o c k s t o - n ig h t , a n d t h e s a m e it e m s f o r t h e
c o r r e s p o n d in g p e r io d s o f 1895-96, a r e a s f o l l o w s .
Total...........................
O i s C o t t o n A c r e a g e R e p o r t .— O a r c o t t o n a c r e a g e r e p o r t
w ill p ro b a b ly be re a d y a b o u t th e 9th o f J u n e .
£Yol, i-xi \
-,
C H R O N IC L E .
The sowing of the new crop la about finished. The weather has
been favorable and a second sowl ag was nseess <ry only 1a a very few
cases. The slow growth ot the plant, oaused by the cool temperature,
la not considered hurtful to the crop. ft is our opinion bat, the acre
age laid out: in ootton this year has been Increased 3 to 5 per cent, bo
that If the crops do not suffer severely during the summer the outlook
la for a large harvest.
E a st I n d ia C r o p .— F r o m M essrs, G a d d u m & C o .’s c o t t o n
r e p o r t , d a te d B o m b a y , A p r il 17, w e h a v e t h e f o l l o w i n g :
The deaths from plague show a further doorcase this week. * * »
From Tuttoorin wo hear that good raltis have fallen th-ouabout the
TlDnivelly districts, which are expected to materially Improve the
prospectant the second picking, though the off act up m the ungathered portion of tho earlier sowings may be less satisfactory.
U n d e r d a te o f M a y 0 t h e s a m e fir m r e p o r t s b y t e le g r a p h
as fo llo w s :
of
!
if
I
The belief has existed In the mluds of many people since last
Autumn that the approach o f the monsoon would witness a. smart fall
in sterluw exchange, and the experience of the last lew days would
appear to justify such a protllotlon. for there has be»n guile a break In
t ® L iverp ool. „
. . . . . . 310.000 5.000 320,000 \ 4,000 256.000 rates. Unfortunately, however, for the ootton expotter, this d-cli ie
T o Oantin*m t*
,
i/mn :ir..<HW 4.000 300,000 j 4,000 317.000 has in no way assisted Ills position, for the dealers have beeu so quiok
to rai«« their rupee prices that the fall in exohang' U fully counter
balanced. The market remains very steady. Dholle a receipts are
r©t*l KOJN>p*(. ..
4.000 0 45,000
I 8,000 573,000 again phenomenally small, whereas the Bengal figures keep up won
* A M artatf* 99 | Inod*.
W
derful. v wall, which is tha more surprising when one remembers the
* 7' « * *•«•« «» 1895-96, 53,893 bad accounts so fru ;ly circulated with regard to this crop early ia the
season.
*»***•
Since
Sept 1.
M 22, 1897. J
ay
THE
C H R O N IC L E .
G o v e r n m e n t W e e k l y C o t t o n R e p o r t . — Mr. W . L . M oore,
C h ief o f the W ea th er B ureau o f the A g ricu ltu ra l D epartm en t,
m ade pu blic ou Tuesday the fo llo w ia g telegraph ic reports on
the crops in the Southern States fo r the w e ak en d in g May 17:
V i r g i n i a .— A b u n d a n t a n d g e n e r a l r a i n s w i t h w a r m e r w e a t h e r , h a 3
m a d e a d e c i d e d i m p r o v e m e n t in a ll c r o p s ; c o t t o n a n d p e a n u t p l a n t i n g
u uder w ay.
N o r t h C a r o l i n a . — V e r y f a v o r a b l e w e e k , w a r m , w it h p l e n t y o f r a in ,
c a u s in g r a n id g r o w t h o f c r o p s a n d b r i g h t e n i n g p r o s p e c t s m a t e r i a l l y ;
c o tto n d o in g m u ch b e tte r.
8 o u t h C a r o l i n a .— M a r k e d im p r o v e m e n t i n s t a n d s o f c o t t o n ; c o t t o n
o h o D o in g p r o g r e s s in g s l o w i y , fie ld s w e ll c u l t i v a t e d a n i f r e e f r o m
w eeds.
G e o r g i a .— G o"*d. s e a s o n a b le s h o w e r s a n d w a r m e r w e a t h e r h a v e
c a u s e d g - n e ra* i m p r o v e m e n t in a ll g r o w i n g c r o p s ; c o r n a n d c o t t o n
i m p r o v i n g s t e a d i ly
F l o r i d a .-V V ^ e k d c i d e d l y m o r e f a v o r a b l e ; w a r m e r a n d r a i n fa ll
f a i r l y w e ll d i s t r i b u t e d , r e v i v in g o o t t o n .
A l a b a m a . —C o t t o n a n d c o r n m u c h i m o r o v e d b y g e n e r a l r a in s , e x c e p t
In S'»m e n o r t h e r n c o u n t i e s , w h e r e r d n s w e r e e x c e s s i v e ; c o o l n ig h t s
a g a in c h c h i g g r o w r h : c o t t o n c h o p p i n g p r o g r e s s i n g r a p i d l y a n l
s e o o t d p l m i n g m a k in g f a i r s t a n d s .
M i s s i s s i p p i . —C o t t o n fa ir s t a n d g e n e r a l l y , a n d s o m e f e w a r e d o n e
c b o p p n g ; o u t w -ru is d a m a g i ig c r o p s a n d s o m e r e p l a n t in g ; p l a n t i n g
c o m i m i e s o n lo w l a n d s a s w a t e r r e c e d e s .
L o d i s i an •. — R a in f a l l u n e q u a l ly d i s t r i b u t e d , b u t g e n e r a l l y b e n e f i
c i a l ; c o o l n ie h t s u n f a v o r a b l e t o c o t t o n , s t a a d s p ° o r , s o m e l io e a n d
w o r m s . c '« o i» p iu g o u t c o n t i n u e * ; r e p la n t i n g o v e r fl *we t la n d s in u p p e r
r i v e p a r is h e < c o m m e n c e d ; b a c k w a t e r d e c l in i n g s l o w l y .
T e x a s . - C o t to n im p ro v e d b v g e n e r a l s h o w e rs , e x c e p t U s c a tte re d
lo e a li r f e s w h e r e d a m a g e d b v e v c e s -d v e r t i a s ; w o r m * i o j i r i u g c r o p s in
f e w place-* o v e r w e s t e r n p o r t i o a ; w a r m s u m h t n e w o u ld b e o e f l t c r o p
g e n e r a lly .
A r k v v s a s — Co o l n ig h t s a n i out. w o r m s h i v e p r e v e n t e d i m p r o v e
m e n t i n c o n d i t io n o f c > t t o n a n d o »rn. w h «o h a r e p o o r in o o l o r a n d
B taud ; c o t t o n b e iu g j b o p p e l o u t a n d c o m w o r k e d .
T e n e s s e e .— D i m a g in g raiQ e a s t a n d m 'd l l e s e e * io n s w it h c o o l
w e a t h e r la t t e r o a r t o f w e - k ; e a t w o r m s i n ju r i n g o > r a a n d c o t t o n a u d
b a d s t a n d s r e q u ir e m u c h r e p la n t in g .
M i s s o u r i . — Co t t o n d o i n g w e ll.
O k l a h o m a . —C o i t o n p o o r .
The D epartm ent sum m arizes these reports as follow s ;
T h e r e o o r t s i n d ic a t e a n im p r o v e m e n t in t h e c o n d i t i o n o f c o t t o n in
t h e C a r o li- a s , G c r g U . A la «aina a n d T e x is. [u th e i a s t - u i : n e d S ta te ,
h o w - v e r , s o lie d a m ig e h is r e s u lt e d f r o m e x c e s s i v e r a ia s a n d i n s e c ts .
C o > l n ig h t s h a v e p r o v e d u n f a v o r a b l e in A r k a n s a s a n d L o u is ia n a ,
w h e r e s t a o d s a r e p o o r , a n d w h e r e i n s e c t s h a v e c a » s e l i n ju r y . B a d
at a i d s a n d c o m p la in t s f r o m c u t w o r m s a r 3 a l s o r e p o r t e l C o i n T e n
n essee.
S t a t e W e e k l y C o t t o n R e p o r t s . — W e give below sum m aries
o f the reports fo r the w eek en din g May 17 issued by the
various States, u n d er the auspices o f the W eather Bureau o f
th e U aited States D epartm ent o f A g ricu ltu re, so far as th ey
ap p ly to co tton .
•
V i r g i n i a .— A b u n d a n t a n d g e n e r a l r a in s h a v e o c c u r r e d t h e p a s t
w e ^ k , w h ic h , w ith w a r m e r w e a t h e r , h a v e c a u s e d a d e c i d e d i m p r o v e
m e a t In a ll c la s s e s o f c r o n s a n d v e g e t a t i o n o v e r t h e c o n d i t i o n a s
p r e v io u s ly r e p o r te d
P e a n u t a n d o o t t o n p l a n t i n g is p r o g r e s s in g r a p
i d ly a n d s o m e o f th is w o r k h a s b e e n fin is h e d . T h e a r e a p l a n t e d t o
o o t t o n is l a r g e r t h a n u s u a l.
N o r t h C a r o l i n a . — E a s t e r n D is t r ic t .— X v e r y n io e w e e k , q u i t e f a v o r
a b le f o r g r o w i n g c r o p s , w h ic h h a v e i m p r o v e d m a t e r ia lly . T h e ra in
h a s t u r n e d c r o p s g r e e n a n d s t a r t e d th m t o g r o w i n g n i c e l y . C o t t o n
r e p l a n t i n g a b u t d o t e , it is c o m i n g u p b e t t e r a n d la t e p la n t e d h a s
g o o d s t a n d . C h o p p in g o o t t o n o o n t i n n e s . C e n t r a l D is tr ic t — T h e fir s t
1 f t h e w e e k w a s w a r m a n d d r y , f o l l o w e d b y fin e , w a r m r a in s , c a u s i n g
v e g e t a l l * • to g r o w r a p i d l y , b a t c h m g e d to c o o l e r l a t t e r p a r t
G ra ss
is n o w g a in in g o n t h e f a r m e r a l it t le . C o t t o n n o w f a i r s t a n d , a b o u t
a ll p la n t e d , c h o p p i n g a n d c u l t i v a t i o n g o i n g o n .
W e s te r n D is t r ic t .—
A w *ek v e r y fa v o r a b le fo r g r o w in g o ro p s. T h e w e a th e r tu r n e d c o o le r
t o w a r d e n d o f t h e w e e k , w h ic h lia s r e t a r d e d g r o w t h a lit t le . C o t t o n
n o t g r o w l u g q u i t e s o w e ll a s i t s h o u ld o n a c c o u n t o f c o o l n U h t s , b u t
r a in h a s m a d e It c o m e u p b e t t e r , w it h f a ir s t a n d . C h o p p i n g c o t t o n
c o n t in u e s .
Bo o t h C a r o l i n a .—C o m d d e r a b 'e o f t h e c o t t o n w h ic h i t w a s b e l ie v e d
D e c e s s a r y t o r e p l a n t c a m e u p a f t e r th e r e c e n t r a in s a n d s t a n d s a r e
c o n o e q n e ''t l y m o i e p r o m is in g , a l t h o u g h i r r e g u la r a s t o s iz e . D s c o l o r
h * s I m p r o v e d b u t l it t l e , a n d t h e c o o l n i g h t s a t t h e c l o s e o f t h e w e e k
c h e c k e d th e g r o w t h o f t h e p l a n t s o m e w h a t . C h o p p in g t o s t a n d s is
p r o g r e s s in g s l o w . y a n d U n o w h e r e m u c h m o r e th a n h a l f fiu is h e d a n d
o v '- r th e w e s t e r n c o u n t i e s o u l y f a i r l y b e g u n . T h e c r o p is r e p o r t e d
c le a n , e x c e p t in P ic k e n s a n d K e r s h a w , w h e r e f ie ld s a ' e b e c o m in g
g r a s s y . B orne r e p o r t s in d i c a t e p e r f e c t s t a n d s , a n d in m y o n l y f a ir ,
w it h s p o t s t h a t a r e v e r y p o o r . G o t h e w h o le t h e p l a n t is in a g o o d
a v e r a g e c o n d i t l n f o r t h e s e a s o n . W a r m w e a t h e r w o u l d h e lp o o t t o n .
G e o r g i a .— T h e g e n e r a l w e a t h e r c o n d i t io n s h a v e b e e n m o r e f a v o r
a b l e , e s p e c i a ll y s o u p t o th e la s t t w o d a y s . A t h e c lo s e o f th e w e k
t h e t e m p e r a t u r e Is a l it t le t o o l o w f o r t h e b e s t I n t e r e s ts o f g r o w i n g
crop s.
The s h o w e r s w h ic h w e r e g e n e r a l o v e r t h e S t a t e a b o u t th e
m id d le o f th e we»*k d id m u c h g o o d t o g r o w i n g v e g e t a t i o n . O rn aD d
c o t t o n h a i e m a d e c o n s i d e r b le im p r o v e m e n t , t h o u g h b a d s t a n d s a n d
d a m a g e b y c u t w o r m s a r e r e p o i t e d i n s o m e c o u n t ie s .
A l a b a m a —T h e fir s t p a r t o f t h e w e e k w a s w a r m a n d g e n e r a l l y
f a v o r a b l e a n d g e n e r a l r a in s d u r i n g m id d le o f w e e k w e r e b e n e f ic ia l,
e x c e p t in e x t r e m e n o r t h e r n a n d n o r i h w e s t e r n c o u n t i e s , w h e r e t h e y
w e r e e x c e s .- i v e ; r a in s w e r e h e a v y b u t n o t e x c e s s i v e in s o u t h e r n
c o u n t i e s a n d w e ll d i s t r i b u t e d in o t h e r p o r t io n s o f t h e S t a t e , b u t c o o l
a i d b r is k n o r t h e r ly w in d s o f th e l a s t f e w d a y s o f t h e w e e k g i v e a il
B ta p 'e c r o p s a n o t h e r s e t b a c k . A s a w h ile th e t e m p e r a t u r e f o r th e
w e e k w a s d e f ic ie n t .
C o t t o n is c le a n b a t s m a ll a n d g r o w i n g v e r y
s l o w l y ; t h e s e c o n d p la n t in g is m a k in g f a ir l y g o o d s t a n d s , b u t c o n s i d
e r a b le r e p la n t in g is b e in g d o n e in n o r t h e r n c o n n l e s ; c h o p p i n g is
fin is h e d In s o m e s o u t h e r n c o u n t i e s a n d Is p r o g r e s s in g r a p i d l y in
n o r t h e r n p o r t i c o s o f t h e S t a t e ; th e o r o p is in c o n d i t io n f o r r a p i d
g r o w t h , w it h a w a r m p e r io d .
M i s s i s s i p p i .— T h e w e e k e n d i n g M a y 17 g a v e g e n e r o u s a n d r e fr e s h
l n g r a in s , w h ic h i m p r o v e d a ll c r o p s . C o t t o n o n l y a f a ir s t a n d g e n
e r a l ly , am i th e r e is m u c h c o m p la in t o f c o o l w e a ih e r i c j u r i n v th e p la n t .
C o r n Is d o in g b e t t e r t h a n c o t t o n a n d s o m e c o r n Is a b o u t r e a d y t o b e
la id b y . C o m p la in t s o o f t l l o u e o f d a m a g e b y c u t w o r m s . P l a n t i n g is
p r o g r e s s in g o n l o w l a n d s a s t h e w a t e r r e c e d e s .
L o u i s i a n a .— T h e w e e k g a v e g e n e r o u s r a la s t o t h e g r e a t e r p o r t io n o f
L o u is ia n a , a lt h o u g h a r e a s In s o u t h c e n t r a l, s o u t h e a s t a n d w e s t c e n t r a l
p o r t l o ' s h a d le s s th a n a n a v e r a g e w e e k ly fa ll. W h ile t h e r a in fa ll w a s
b e n e f ic ia l t o th e c r o p s a n d g r o w t h o f v e g e t a t i o n t h e c o o l n ig h t s h a d a
r e t a r d in g e f fe c t o n g r o w t h , a n d a p e r io d • f h o t , s u n s n in y w e a t h e r Is
n e e d e d t o b r i n g n p t h e s t a n d s o f c o t t o n a n d c o r n . F ie ld w o r k w a s d e
l a y e d b y th e f r e q u e n t r a in s o v e r c o n s i d e r a b l e a r e a s d u r i n g th e e a r l y
1007
p a r t o f t h e w e e k . C h o p p i n g o u t t h e c o t t o n c o n t in u e s , b u t t h e s ta n d s *
a r e r e p o r t e d b e l o w a n a\ e r a g o in n e a r l y a ll s e c t io n s . T h e c r o p is b e i n g
i n ju r e d b ' « o r m * a n d c o n t in u e s d y i n g o u t in lo c a li t ie s , n ^ c e s s it a t iu g
s o m e a d d it i o n a l r e p l a n t in g . T a k e n a ll in a ll, h o w e v e r , t h e e v i ls w i l l
p r o b a b ly b e r e m e d ie d b y a p e r i o d o f f a v o r a b l e w e a t h e r e - n d i t i n s .
L ic e a r e r e p o r t e d in l o c a li t ie s . R e p o r t s f r o m M a d is o n a n d n e i g h b o r i n g
p a r is h e s a f f o t e d b y o v e i f l o w s t a t e t h a t t h e b a c k w a t e r is d e c l i n i n g
s l o w l y a n d t h a t p la n t in g o n o v e r f l o w e d la n d h a s c o m m e n c e d a n d t h a t
it is a n t i c ip a t e d t h a t th e g r e a t e r p o r t io n o f t h e o v e i f l o w e d a r e a w il l b e
r e p l a n t e d e a r l y in J u n e . T h e b a c k w a t e r is a t a s t a n d o r d e c l in i n g
s l o w l y in C a ta h o u la . S *me f a r m la n d s o n th e 1ig h t b a n k o f B a y o u d e s
G la is e s h a v e b e e n o v e r f l o w e d d u r i n g p a s t w e e k .
M i s s o u r i .— C o t t o n is g e n e r a l l y d o i n g w e ll in t h e s o u t h e a s t a n d i s
b e i n g w o i k e d o u t . In D u n k l in C o u n t y , h o w e v e r , c o n s i d e r a b l e r e p l a n t
in g w as n e ce s s a ry , o w in g to p o o r s e e d a n d d i m tg e b y c u tw o r m s .
A r k a n s a s .— C o o l l i g h t s a n d t h e r a v a g e s o f c u t w o r m s h a v e p r e v e u r e d a n y i m p r o v e m e n t in th e 0 a u d it io n o f 00 t o n a u d c o r n , w h ic h
a re b o th g r o w in g v e r y s lo w ly a o d o f p o o r o o lo r. C o tto a h a s in s o m e
p l a c e s b e e n r e p a n t e d t h e t h ir d t im e b e f o r e a s t a n d e o u l l b e o b t a i n e d .
C h o p p in g ou t o o tto n h as b e g u n a n d c o r n h as b e e n p lo w e d th e s e c o n d
a n d t h ir d t im e .
W a - m n ig h t s , s u n s h in y d a y s a n d a n o c c a s i o n a l
s h o w e r w o u ld i m p r o v e a ll c r o p p r o s p e c t s .
T e n n e s s e e .— T h e w e e k o p e n e d w it h r a i n y w e a t h e r , e s p e c i a l l y in t h e
E a s te r n a n d M id d le s e c t io n s , w h e r e h e a v y d a m a g i n g r a in s f e l l o v e r
t h e g r e a t e r p o r t i n o f th is t e r r i t o r y , w a s h in g a w a y s o i l o n u p la n d s
a n d f lo o d i n g l o w l a u d s , b e s id e s c a u s i n g a s u s p e n s io n o f f a r m w o r k .
T h e l a t t e r p a r t o f t h e w e e k w a s m o r e f a v o r a b l e , b u t t h e c o >1 w e a t h e r
w h ic h p r e v a ile d c h e c k e d th e h e a lt h y g r o w t h o f y o u n g o r >ps a n d f a v
o r e d th e r a v a g e s o f c u tw o r m s a n d o th e r in s e c t p e sts. T h e e a r ly p la n t
in g s o f c o r n a r e b e in g w o r k e d o v e r . I n m a u y p l a c e s b a d s t a n d s a r e s o
m u c h t h e r u le t h a t m a n y f ie l d s h a v e b e e n p l o w e d u p a n d p la n t e d o v e r .
This is a ls o t r u e o f t h e c o t t o n c r o p , e s p e c i a ll y in t h e w e s t e r n c o u n tie s *
B e s id e s , th e c o o l w e a t h e r w a s q u i t e d e t r im e n t a l , a n d a p e r i o d o f w a r m
s u n s h iu e is n e e d e d t o r e s t o r e t h e s e y o u n g c r o p s t o a h e a l t h y c o n d i t i o n .
O k l a h o m a a n d I n d i a n T e r r i t o r y . —C o m p l a in t s w e r e v e r y g e n e r a l
u p t o th e 13 t h o f t o o m u c h r a in , c l o u d y w e a t h e r a n d l o w t e m p r a t u r e ,
b u r t i ' g cottO Q s e r io u s l y a n d r e t a r d in g g r o w t h o f c o r n , b u t s i n c e t h e
1 3 t h a ll c r o p s h a v e g r o w n w e ll, o o t t o n e x c e p t e d
A g r -a t deal o f
c o t t o n in c e n t r a l a n d s o u t h e r n s e c t io n s , r e p o r t e d e it h e r a s n o t u p , o r
h a v i n g b e e n w a s h e d o u t b y h e a v y r a in s , o r b a d l y i n ju r e d b y c o o l
w e a t h e r , a n d i t is n o w t h o u g h t t o b e t o o l a t e t o r e p l a n t s c o n d t im e .
A t N ix o D , A t o c a C o u n t y , I. T ., a f e w c u t w o r m s a r e w o r k in g o n c o t t o n , .
T h e g e n e r a l o u t l o o k f o r a il c r o p s , c o t t o n e x c e p t e d , is e x c e l le n t .
J u t e B u t t s , B a g g i n g , & g .— The dem and fo r ju te b a ggin g
has been rather quiet du rin g the w eek u nder rev iew , bu|
prices con tin u e as last quoted, v iz ,: 5V£c. fo r l 3 lb3., 5 % c ;
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for 2 lbs. and 6J^c, fo r standard grades. Car-load lots o f
standard brands are qu oted at 5 }£ 3. for \% lb3., 5 ^ c . fo r 2.
lbs. and 6 % c . for 2% lb3. f. 0. b., at N ew Y o rk , J u te butts
have been du ll at 1 05c. fo r papsr qu a lity, l*3Jc. for m ix in g
and l% c . for b a ggin g, all to arrive.
S h ip p in g N e w s .—T he ex p o rts o f c o t t o n fr o m th e U n ite di
States th e past w eek , as per latest mail return s, h av e rea ch ed
67.258 bales. So fa r as th e Sou th ern ports are co n ce rn e d th e s e
are th e sam e ex p orts rep orted b y telegra p h and pu b lish ed in,
the C h r o n ic l e la st F rid a y. W it h reg a rd to N ew Y o r k w e
in clu d e th e m an ifests o f a ll vessels clea red up t o T h ursday.
Total bales.
N e w Y o r k — T o L i v e r p o o l , p e r s t e a m e r T a u r io , 2 1 9 .........................
219
To H a l l, p e r s t e a m e r B u ff a l o , 2 , 1 1 7 ............................. ......................
2 ,1 1 7 /
T o H a v r e , p e r s t e a m e r s J-a B o u r g o g n e , 8 5 4 — V i l l e d e
Br» s t , 6 4 7
..........................................................................................
1 ,5 0 1 '.
T o B r e m e n , p e r s t e a m e r s A l l e r , 1 ,1 7 1
. K o e r i g i n L u is e ,
4 .0 2 3 . . S a a le , 1 . 0 0 3 . . . P r l i z R e g e n t L u it i-o ld , 1 ,3 4 6 . . .
7 ,5 4 3
T o H a m b u rg , p er stea m ers E ch u o a , 9 2 8 ....N e w l y n , 2 8 . . . .
P a ia t ia , 1 , 6 3 ' ' . . . . . . ......................... ..
....
.
2 ,5 8 6 T o A n t w e r p , p e r s t e a m e r s Bi itis h K in g , 3 9 2 . . F r ie s la n d , f.O
4 4 2 ;.
3 ,0 2 3
T o G e n o a , p e r s t e a m e r s E m s , I , i 4 9 ___ S a r n ia , 1 , 8 7 4 ............
T o N a p le s , p e r s t e a m e r S a r n ia , 1 0 0 .....................................................
100
T o T r ie s t e , p e r s t e a m e r P a n d o r a , 6 4 9 ..............................................
649-*
T o V e n ic e , p e r s t e a m e r P a n d o r a , 4 1 2 . . . . .......................—
412.
N e w O r l e a n s T o L i v e r p o o l , p e r s t e a m e r s A s t r o n o m e r , 4 ,4 0 0
----- W illia m G i f t , 4 , 2 * 1 ................................... .
.............................
8 ,6 2 1
T o H a v r e , p e r s t e a m e r H ig h la n d P r in c e , 1 , 2 8 6 ..................
1 ,2 8 6
T o H a m b u r g , p e r s t e a m e r H if-p a n ia , 3 .5 5 5
.............................
3 ,5 5 5 To A i»tw . r p , p e r s t e a m e r H ig h la n d P r in c e , 2 , 2 5 1 ......................
2 ,2 5 1
T o B a r c e lo n a , pi r s t e a m e r M ig u e l M P in illo s , 1 ,2 5 0 ................
1 ,2 5 0
T o C o r u n n a , Der s t e a m e r M ig u e l M . Pit i ll c s . 5 0 0 . .....................
500
T o G e n o a . p*-r s t e a m e r M ig u e l M . P in illo -1 6 5 0 ------- . . . . . .
,
..
650
Mo b i l e To 1 iv e r p m l, p e r s te a m e r D a lm a l l y , 4 .5 4 0 .......................
4 ,5 4 0
T o B r e m e n , d r s t e a m e r V e r a x , 6 , 9 5 2 .......................... . . .............. • 6 ,9 5 2
P e n s a c o l a - T o ’ L l v e r p o o l , p e r s t e a m e r V i v i n a , 2 9 8 3 ...................
2 ,9 8 3
Sa v a n n a h — T o B r e m e n , p t r s t e a m e r O s b o r n e , 6 , 6 4 3 . . . . . . . .........
6 ,6 4 3
...........................
4 ,0 3 0
T o B a r c e lo n a , p e r s t e a m e r E lto n , 4 , 3 0 . . .
T o G e n o a , p e r s t e a m e r E i t o n , 1, 1 7 5 . .............................. .
...
1 ,1 7 5 N j i p >l k - l’o H a m b u r g , p e r s t e a m e r s A b a n a , 5 9 3 ___ I t c h l s l a ,
1 , 7 3 2 . . . .............................................
.........................................
2 ,3 2 7
B o s t o n - T o L iv e r p o o l, p e r s t e a m e r s P a v o r i a , 1 2 7 . . .S a c h e m , 3 1
158
To Y a rm o u th , p e r steam er Y a rm o u th , 1 6 0
...........
...
160
Ba l t i m o r e — To L i v e r p o o l , p e r s t e a m e r t e m p le m o r e , 1 , 0 1 9 . . . .
I ,0 i9
To H a m b u r g , p e r s t e a m e r S c o t ia , 5 0 .................... ..............................
50
P h i l a d e l p h i a — I’o L i v e r p o o l , p e r s t e a m e r W a e s la n d , 2 1 6 ..........
216
S e a t t l e - T o J a p a n , p e r s t e a m e r M a t s u y a m a M a r u , 3 0 0 . . . .........
300T o t a l . . . . . M . . .a •
- . . . . . . . . - •» •. . a . , u •■
. . .a . . .a .
mmm - a a
6 7 .2 5 8
B elow w e add th e clea ra n ces th is w eek o f vessels c a r r y in g
cotton fro m U n ited S tates ports, b rin g in g ou r d ata d o w n to the latest dates:
G a l v e s t o n —T o H a v r e —M a y 3 5 —S t e a m e r B e lg ia n K in g , 7 , 0 0 1 .
N e w O r l e a n s T o B r e m e n —M a y 1 7 — s t e a m e r H e r m a n n , 5 , 7 9 8 .
T o B a r c e l o n a - M a y 15— S t e a m e r G r a n A n t illa , 2 ,< 9 8 .
T o G e n o a - M a y 1 5 —8 t e a m e r s G ra n A n r i-la , 2 ,2 3 4 ; P o r t u g u e s e P r in c e , 4 , 7 0 0 ___ M a y 2 0 - S t e a m e r P i o I X . , 2 ,7 0 0 .
Mo b i l e —T o L i v e r p o o l —M a y 1 9 —S t e a m e r E t h i p e , 4 8 6 .
N o r f o l k - •o L i v e r p o o l — M a y 17 — S t e a m e r A s h m o r e , 4 ,2 1 7 .
T o H a m b u r g — M a y 2 1 — S t e a m e r ------------ , 1 ,0 1 6 .
1c ST,>*— To L i v e n o 1—M a y 1 1 —S t e a m e r V ic t o r ia n , 3 8 5 S e a I s l a n d . . . , .
M a y 1 4 - S t e a m e r S c y t h ia , 3 5 1 . . M a v L7— S t e a m e r K a n s a s . 1 4
___ M a y 1 8 —S t e a m e r C o r in t h ia , 3 3 2 . . . M a y 1 9 — S t e a m e r C e s trla n ^ .
903.
B a l t i m o r e —T o L i v e r p o o l — M a y 1 9 —S te a m e r U ls t e r m o r e , 26 .
T o B r e m e n — M ay 1 5 —8C e a m e r H a lle , 1 ,0 7 4 . . . M a y 1 9 —S t e a m e r
A a ch en 1 059
T o H a m b u r g —M a y 1 3 —S t e a m e r C lir i.t ia n a , 1 ,0 0 0 .
P h i l a d e l p h i a T o L i v e r p o o l —M a y 1 1 —S t e a m e r K h y n la n d , 1 3 7 .
S a n F r a n c i s c o —T o J a p a n — M a y 2 0 - S t e a m e r C h in a , 1 0 0 .
O otton freig h ts at N ew Y o r k th e past w eek h av e b eem
as fo llo w s .
VHE
1008
\ mo**..
M m*
turn-
151
ifti
Lit
C H R O N IC L E .
WtBHM. Thurs.
151
301
25!
15t
3d
.... i
........
®f* MUON
i
$0s
am
25-27%! 25-27 %i 25 -27 ‘a!
JA-27%1 35-27%'
iM
Bmmhm$**~****
■jiv.
m
B*v*U, ¥*
Xto r® llttU.w ,4 :
.4.,4 '
.A )
A n t w e r p ........ .4, ;
Qhgn f „r, . uatw*p. &,j
J
30 !
251
2-5*
25t
251
25!
, . ...
.....
,*«,
....
....
251
401
3#t
25*
401
set
251
40’
M*
26!
40!
361
25!
401
361
251
*351
•40‘
mi
241
241
21!
24!
in
28!
281
fit
281
231
%
%
>0
%
%
%
-> 3
’ ,1
Ht
* A nd 5 par cent.
I O o iiis n e t p o r 1 0 0 lb * .
L iv e r p o o l ,.— B y c a b l e f r o m L iv e r p o o l w e h a v j t h e f o l l o w i n g
• ia t e a w s t o f t h e w e e k ’s s a le s , s t o c k s . & c ., a t t h a t p o r t .
Mi
Mi
May 14
8*ii» of the w eek..........bale*.
O f which exporters t o o k ....
Of which epeoalatora w o k ..
tMe* AinerioiOi.................. .
73,,000
1,,500
1,,400
64,,000 .000:
50.000
2 ,0 0 0
1 .0 0 0
44.000
8 ,0 0 0
Actual e x p ort.................. . . . .
67.000
Forward 06...............................i 70, ,000
b-h___
,000 1 , 176.000
Total stock—Eetlm atod.......... 1,206,
Of which American-EatlmM 1,057,.000 1 ,026.000
,000
To let import of the week.................... 29, , -15,000
32.000
Of which American..............
18,,000:
Amount afloat..........................
ft"*,,0 0 0 1 03.000
O f whleh A m e r ic a n .............I 85, oooi
May 21.
44.000
40.000
2,300
1,000
400
900
41.000
37.000
5,000
7,000
55.000
52.000
1,147,000 1,152,000
998,000 998,000
31.000
04.000
23.000
52.000
91.000
57.000
85.000
50.000
T h e t o n e o f th e L iv e r p o o l m a r k e t f o r s p o t s a n d fu tu r e s e a c h
d a y o f th e w e e k e n d in g M ty 31 a n d t h e d a i l y c lo s in g p r ic e s
o f s p o t o o t t o n , h a v e b e e n a s fo l l o w s .
Bpol.
Market, I
1:43 P. M.J
Saturday Monday. Tuesday. Wed'day. Thursd’y. Friday.
Dull.
In buyers' Moderate Harden’s Moderate -Moderate
demand.
faror.
demand. demand.
MhLUpl’ds.
4543
B a le ...........
Bpee, it ex p .
6,000
300
8,000
500
Market, l
I M *.
•w-
Quiet at
partially
1-04 dec.
&tm4r,
Quiet.
Market, (
4 r, m . J
4%
4§a2
4%
4332
7,000
300
8,000
7,000
6,000
300
500
300
Quiet at steady a? Steady at Easy at
partially partially partially partial ly
1-04 dee. to t dec. l-0i dec. 1-64 dec.
Very
steady.
Quiet and
steady.
Barely
steady.
Quiet and
steady.
T h e p r ic e s o f fu tu r e s a t L iv e r p o o l f o r e a c h d a y a r e g iv e n
b e lo w , P r ic e s a r e o n th e b a sis o f U p la n d s, L o w M id d lin g
c la u s e , u n le ss o t h e r w is e sta te d .
: Sm ttir,
T Ion .
T n e«.
W e d . T U ttr * .
F rio
Mtiy 1A la :
May 21. Ifl%] 1 1:45[ 4 1:451 4 1:45 f 4 1:45 4 1:45 4
r\ u. p. u P.MvjP. M. P.M. P.M. P, M. P. M. P.M. P.M, P.M. P.M,
d.
d.
d
d. • d.
d.
d.
d. i d.
d.
M *y............. 4 0514 0 6 4 04 4 0 1 4 04 1 05 4 01 4 04-1 03 4 03
M *y-Ju n «.. 4 01 1 0(1 i 03 4 03 4 03 4 04 i 03 l 03 4 02 4 02
Jtm w July.. 4 O i 1 05 4 02 4 02 4 02 4 03 4 02 4 02 4 01 4 01
July.-A iuf. 4 03 * 01 l 01 >4 01 4 01 1 02 4 01 1 0 1 4 00 4 00
Au*.-"4#pt.. 4 00 3 63 3 61 jS 61 S 61 3 02 3 01 3 61 3 60 3 60
BepA-Oot... 3 57-3 56 3 5 1 -3 5 4 3 5 ') 3 53 3 54 3 55 3 53 3 53
O t -Nov . . . 3 5 1 3 31 3 50 3 48 3 51 3 30 3 49 3 49 3 49 3 48
Nov.-!>or... 3 48 3 49 1 47:3 47 3 19 3 i « 3 48 3 47 3 46 3 46
£ w .-J » a .. 3 48 3 47,3 46 3 46 3 47 3 47 3 16 3 46 3 45 3 45
J * a r*»i . 3 4- 3 IT 3 48 I 18 3 IT 3 -17 3 46 3 48 3 45 3 45
Fob Nell . 3 4 » 3 4»!3 46(3 47-3 48 3 48 3 47 3 47 3 46 3 45
M ch--April.................. j . . . . . J .............. j
B R E A D S
d.
4 01
4 00
3 63
3 02
3 58
3 51
3 46
3 44
3 43
3 43
3 43
d
4 02
4 01
4 00
3 63
3 59
3 52
3 47
3 45
3 44
3 44
3 44
F Q F F S
F r id a s ’ , M ay 31, 1897
O o l v a lim ite d v o lu m e o f b u sin ess has b e e n t r i o s a c t e d in
th e m ir lt e t f o r w h e a t flo u r . D e m a n d h i s b e e n c o n fin e d alm -n •■rcln-iveh to p >-id lin g o rd e rs to m e e t im m e d ia te requir*-m*»r»t*, » , th e w e a k e r t u rn to th e g r a in m a rk e t has h a d a
te n d e n c y to k e e p b u y e rs o u t o f th e m a rk e t. V a lu e s h a v e
r u ii-i
an d f o r s p r in g p a t e n t s q u o te d p r ic e s h a v e b e e n
lo w , r> 1 a b o u t 10c, p « r b a rre l. C ity m ills, h a v e b e e n q u ie t a n d
*
r-a- !• r. T h e d e m a n d f o r r y e flo u r h a s b e e n lim ite d to j rbh in g
i 1 * bu t ti •r i i ’ia g e s h a v e b e e n m a d e in q u o t e d p rice s. C orn
had a s lo w sal.', a a d th e to m , o f th e m a r k e t h a s
r,. „n r a - v , a lth o u g h n o c h a n g e s h a v e been m a d e in q u o te d
fill-MINI*
1
75
■ f,*r
w h ,‘- ’1
n - u t.,
fr.o- ,0
Lh
J
h *»
« m o d e r a te ly a c t iv e sp e c u la tio n in th e m a r«'> « '» » fu tu re s , hut it has b e e n a t a d e c lin e in p rices
"h o w B net Ires fo r th e W eek o f 8 Vd>8}<<:. to r th e
-i -liveri * m d
. .. JJ^o, fo r the d is ta n t m o n th s, u n d e r
t i n ? .. p ro m p te d b y fa v o r a b le c r o p p ro s p e c ts , b o th at
! am l '‘ b r o a d , and q u ie t a n d w e a k e r fo r e ig n a d v ice s
wnn a g t -d u a l w e a k e n in g o f p r ic e s d u r in g th e first
! a if Of th we. k , u n d e r liq u id a tio n b y lo n g s an d so ilin g fo r
" r* ftro 'iim f in d u ce*! by im p r o v e d c r o n a c c o u n ts
fr o m
‘
« -« t M i l F j r o p a s u b s id e n c e o f th e e x p o r t d e V ■’ 1 s n ' 1
*’.*“ • w ith th e e a sie r tu rn to th e
fo r e ig n m a rk e t.
%\, ,l t „ a d gy
an d
T h u rs d a y , h o w e v e r
tin m i.a t-d
v b ich
d th is
a d e m a n d fr o m . -h o r ts ~ c o v e r W UU Uc t s , «JU
to
c o n t r a tW , on
..
A d v a n ce d
, t ljjo ,
T o d a y , how ever, under
[Vol. LXXV,
c o n t in u e d fa v o r a b le c r o p a c c o u n t a n l ea sie r f o r e ig n a d v ic e s
a c c o m p a n ie d b y s e llin g o r d e r s , th e m a r k e t a g a in tu r n e d
w e a k e r a n d c lo s e d e a s y , w ith p r ic e s l @ ! l£ o , d o w n f o r th e
d a y . I n th e s p o t m a r k e t o n l y a lim it., I v o lu m e o f b u sin ess
has been t r a u s a c e d a n d p ric e s h a v e d e c lin e l w ith fu u r e s .
T o -d a y th e m a rk e t w a s d u ll a n d ea sier. N o . 1 h a rd D u lu th
w a s q u o te d 11B.SI 7gC. f , o . b. a f l o a t ; N o . 1 N o r th e r n D u lu t h a t
• lljg c . f. o . b. a flo ifc : N o, 1 N o r th e r n N * w Y o r k a t 8 i)% o .
f. o. b. a flo a t, a n d N i. 2 h a rd w in t e r at 78^jjO. f . o . b . a flo a t,
O A t t r 01. 0 ,1 n u i- k i o k s o r b o . a a » o w i n t b k v i a u
Sat.
Mon.
Tuei.
Wed. Thurt
M ar d ell v e r y .......
.0, 81%
60
80%
78 %
79%
78h
duly d e liv e r y ..............
78%
77%
76%
77%
76%
7 6 -is
Septem ber d elivery___.0. 71%
e.
73%
72%
72%
7 2 ’%
73%
75%
74%
74
74
73%
74%
T h e r e lias b een a n a b s e n c e o f s p e c u la t iv e in t e r e s t in th e m a r
k et fo r I n d ia n c o m fu tu r e s , a n d p r ic e s h a v e g r a d u a lly w e a k
e n e d , in s y m p a t h y w ith t h e d e p r e s s io n in t h e w h e a t m a r k e t .
T h »r e has c m tin u o d , h o w e v e r , a n a c t iv e e x p o r t d e t a i n * ,
a n d this h a s p re v e n te d a m a te ria l w e a k e n in g o f p ric e s. T o -d a y
th e m a r k e t w a s q u ie t b u t s t e a d y . I n th e s p o t m a r k e t a ta rg e
bu sin ess h a s b e e n tra n sa c te d f o r
e x p o r t , t h e sa les h ere
an il a t o u t-p o r ts f o r th e w e e k to sh ip p e r s a m o u n t in g t o a b o u t
3 ,0 0 0 ,0 0 ) bu sh els. T o d a y th e m a r k e t w a s s t e a d y .
Che sa le s
in c lu d e d N o , 3 m ix e d a t 2 9 ^ c . in e le v a t o r a n d 80?<£c. f . o . b .
a flo a t; a lso N o , 3 y e lla tv a t 3 j4 £ c . in e le v a t o r .
OHO PaiCBS OF wo. Z MIXBD o o a s
Sat.
Mon.
f r i.
Tues.
Wed. Thu n
.0.
30
May d eliv ery .................. 0. 30
2 1%
29%
29%
2908
30%
July d e liv e r y ................. 0.
30%
30%
30
30
30
30%
August d e liv e r y ..............0. 31
31
30%
30%
30%
30%
,.o. 3 1 3
3112
Septem ber delivery
4
31%
31
31
30%
T h e s p e c u la t io n in t h e m a r k e t f o r o a ts f o r fu t u r e d e l i v e r y
has b een d u ll, b u t th e r e h a s b e e n a s lig h t w e a k e n in g in p r ic e s
in s y m p a t h y w it h t h e d e c lin e in o th e r g r a in s . T o -d a y t h e
m a r k e t w a s q u ie t b u t s te a d y . T h e r e has b e e n a n a c t i v e
bu sin ess in t h e s p o t m a r k e t, la r g e sa les f o r t h r o u g h s h ip m e n ts
fr o m th e W e s t h a v in g b e e n m a d e t o sh ip p e rs. T h e to ta l e x
p o r t sa les f o r th e w e e k a m o u n t t o a b o u t 1,003,000 b u s h e ls .
T o -d a y th e m a r k e t w a s u n c h a n g e d a n d s t e a d y , w it h N o . 3
m ix e d a t 2 2 ^ 0 . in e le v a t o r a n d N o . 2 w h it e a t 2 7 c. i n e l e v a t o r .
DAJLX OLOSIBO PBtOBS OF HO. Z MIXED OATS
Sat.
Mon.
Tues. Wed. TKurt.
Sri.
May d e liv e r y ................. 0. 22%
22%
July d e liv e r y ................... 0 . 22%
22%
22%
22%
22%
22%
R y e a n d b a rley h a v e h a d a fa ir sa le a a d p r ic e s f o r th e w e e k
s h o w lit t le c h a n g e , c lo s in g s t e a d y .
T h e fo l l o w i n g a re c lo s in g q u o ta tio n s :
FLOUtt.
f i n e ..................9 b b l.$ 2 1 5 9 2 85 Patent, w inter...........*4 00® 4 85
lu p eriin e.. . . . . . . . . . . . 2 50® 3 20 Olty m ills ex tr a s____ 4 7 0 a 4 80
S r tr a .N o .2 ....... .
2 8 5 « 3 35 Eye flour, su perfin e.. 2 25® 2 75
Extra, No. 1 ................ 3 15® 3 80 B uokwheat flou r___ _ ___ a . . . .
Olears............ ............. 3 45® 4 15 (lorn m eal—
Strat«M ®............ .
4 10® 4 25
Western &o............ 1 70 a l 75
Patent, sp rin g.......... 4 00® 4 35
____ ____________
B randyw ine....... .
180
[W heat flou r in sacks sells at prfoea b elow th ose fo r barrel?,
GBAIH.
W aeat—
Spring, per b u sh ..
Red winter Sto, 3 ..
Red w in ter.. . . . . .
Northern, N >. 1 ...
O ,ts —M ixed, per bn,
White .....................
No. 2 m ixed...........
No. 3 w h it e ..-------
e.
o.
78 ® S3
Nominal.
79 ® 86
80% ® 81%
22 ® 24
26 a 31
Corn, p e r bush—
West’ n n a lx e d ....„
N o . 2 m i x e d .............
e.
29
®
29% ®
0.
32
30%
Western y e llo w .., s o ® 32%
Western W h ite .... 30 ® 32%
Rye—
W estern, per bush. 38 a 42
22% ® 23%
State and J e r s e y .. 39 ® 42
27 ® 28
B ariev—W estern___ 42 ® 46
F e e d in g ............... 2 8 %® 32
T h e m o v e m e n t o f b r e a d s !o f f s t o m a r k e t a s i n d i c a t e d in t h e
s t a t e m e n t s b e l o w is p r e o a r e d b y u s f r o m t h e fig u r e s o f t h e
N ew Y o rk P ro d u c e E x ch a n g e
T h e r e c e ip t s a t W e s te r n l a k e
a n d r iv e r p o r t s f o r t h e w e e k e n d in g M i y 15, a n d s i n c e
A.ug. 1, f o r e a c h o f t h e la s t t h r e e y e a r s , h a v e b e e n a s f o l l o w s :
UeceipU at—
ObioagO-----M ilw aukee.
D uluth . . . . .
M ln neap’ lia
T o ie d o .........
C le v e la n d ..
St L o u is ...
P eoria . . .
K ansas City
T o t .w k .W
ta m e w k .’90
4am e wfc.’ 05
Since Aug, 1.
1800-07. ..
1890-96 . . .
180"!-95...
Flour.
IWlMt.
Oorn.
Barley.
Oats.
Bye.
B b lt.im b * Bush.60 lbs Busk, Hi lbs Bush.82lbs Busk. ±8 lbs B u sh.50 lbs
90.752
775,264
1,624,001
12,000
89.2 S2
138,800
98,810
14,300
118,400
12,000
85,850
178,000
9 <,510
587,811
259,620
55,719
63,811
1.023
837,060
30.220
275,600
508
98,038
136,513
4,000
413
6 800
23,732
9,715
31,051
1.458
135.000
341.225
8,398
.......
23,235
160,109
7,700
419,100
317,835
8.250
6,250
10,200
333,150
194,200
4,900
000
59,500
410,500
112,000
. . . ..
211,511
2L0.O41
234,908
2.101.132
1,964,720
1,451.379
2 148.190
1.285,730
1,619,577
3.386.140
1,704.010
2,703,560
323,931
409,037
151,163
88.432
52,780
30,0 L3
9,218.374 142.052.696 127,145,112 138,827,913
8,790.580 170,404,822 99,101,617 118,300,786
9,958.018 131.985,147 6*4,496.500 76,370.254
35,491,717
30,032,488
30,001.563
0,189,0(16
3,427,182
2,368.451
T h e r e c e ip t s o f flo u r a n d g r tin a t t h e s e a b o a r d p o r t s f o r t h e
w e e k e n d e d M a y 15, 1897, f o l l o w :
R t*at—
eceip
Hour,
hU
b,
New Vork.......
*
Boston ................
121,013
Philadelphia...... ..
Baltimore......... .*
Richmond,. ....... ..
New Orleans*..... ..
Norfolk. ....... ..
Newport Nows..,....
36,993
05,118
4.405
19,738
14.286
67,000
W ea
h t.
h sh
u.
779,775
329,705
271,440
53,107
91,419
150
? 5 .
3& & 50
217.201
5 1 3 ,0 1
2*3,055
510,810
21,5100
150,823
m
1,011,000
314,347
121,493
.
Barley,
busk.
430,7-50
bush-.
360,800
10,42?
‘ '**040
14,810
10,200
40,310
44.500
4,120
11.4,230
103,000
Total week ...
495.115 1,535,124 2,247,410 1.087,1*8
Week 1890, ____ _ . 336,928 2,202,312 2,234,078 1,038,383
401. ft H
5
330.325
* ReoofBU Oo not Irtdudb errata passing through New Orleans for foreign
ports on through bills o f lading.
THE
M 22 1897, J
at
1009
C H R O N IC L E .
1896.
4.483,753
1895.
5,695,087
8.965,007
29.962,295
17.639,8-*!
2 991,405
538,79)
10,079,315
12,031784
12,382,590
1,394.540
139,398
business o f th e w eek has been lim ited , b u t the m arket c o n
tinues g en era lly firm . F lannels and blankets in a ctiv e at p re
viou s prices. C arpets in fair dem and.
1894.
7.C43.122
D o m e s t i c C o t t o n G o o d s —T he ex p orts o f co tto n good s
8 190,073
23.239.44 7 fr o m this port f o r the w eek en d in g M ay 17 w ere 15,616
11,97 4 238 packages, valu ed at $572,072, their destin a tion b ein g to the
1.576,344 points specified in th e tables b elow :
101,643
3 3,035,625
45,081,745
T ota l receip ts at ports fr o m Jan. 1 to M ry 15 com p a re as
fo llo w s fo r fo u r years:
1897.
5,805.917
Receipts o f—
Fiour..............
Wheat............ bush. 10,221,316
80,2(33,900
Corn. ...........
22,216.347
Oats..............
4,409,936
Barley...........
2,557,332
Rye................
Total grain ........ 119,698.881
60.U7.l9l
Wheat, Corn,
hush.
hush.
389,393 525,886
339,198 114,8)9
48,000 572,367
176,200 1,105,611
154,296
Exports Iro n New York ..
Boston. ----Portland.......
Philadelphia..
Baltimore. -.
New Orleans..
Norfolk.........
Newp’rt News
Montreal ...... 347,344
109,000
542,885
Total Wk... L300.135 3.124.774
Same time’96. 800.735 1,790,614
Oats
huth.
508,376
65,575
Rye,
hush.
311,502
13,769
19,924
40,155
1,119
U .2S
6
57,000
4,304 317,168
16.961
34,286
.. ...
Flour,
bbls.
92,502
16,915
219,878
145,118
961,274
287.522
Peas,
bush.
7,227
9.303
.... ..
Barley,
bush.
417,522
.........
59,594
113,006
17,140
422 343
20.911
130,138
42.289
423,632
T ota l.............
Total 1895-96. ..
219.878
145,118
1896.
W eek .
S in c e J a n .
40
104
1.
W eek .
S in c e J a n .
342
263
115
99
863
85
1,920
1,576
48,455
2,143
9,365
6,263
6,107
1,219
2,799
22,049
1,805
58
11
1,794
57
2,201
T o t a l....................................... 15,616
C h in a , v ia V a n c o u v e r* ,...
103,701
9,250
5,885
1.
909
1,245
33,117
2,507
7,775
5,827
5,201
1,169
3,565
18,739
1,303
G re a t B r it a in ........ ................. ...
O th e r E u ro p e a n .......................
C h in a ............................................
£n d ia . >■■■■«
■«■■■■ ■■■■■■
A ra b ia ........................................ ..
A f r ic a ................... .......................
W est In d ie s ......................... . . . .
M e x ic o ....................... ..
O e n tra l A m e r ic a ......................
3o a th A m e r io a .. . . . . . . . . . . . .
O tn e r C o u n tr ie s .......................
T h e d estin a tio n o f these e x p o rts fo r th e w eek a n d s in ce
S ep tem b er 1, 1896, is as below .
---------Hour.---------> -— ---- Wheat.-------->
Exports for
Week Sine* Sept. Week Since S-ot.
1893.
1, 189.3.
May 15.
teeek and since May 15.
bush.
bush.
Sept. 1 to—
bbls.
bbls.
Uolted Kingdom 129.754 6,369,461 1,188,244 32.023,890
679,500
111,651 8,60-1.419
Continent.......... 27,603
51,564
811.389
S. t C. America . 24.209
768,173
24.392
West Indies... .
198.107
Brit. N. A. Co1
’?. 11,383
197.527
6.240
880,562
2,527
Other countries.
1897.
N e w Y o r k t o M a y 17.
T he ex p o rts fr o m th e several seaboard p orts f o r th e w eek
e n d in g M iy 15, 1897, are s h o w n in th e a n n e x e d s ta te m e n t:
391
67
311
940
55
81,357
13,707
----------- C orn.---------*
T o ta l.......... ................ .
15,616
112,951
5,885
95.064
Week Since Sept
'P r o m
E n g la n d m ill p o in ts d ir e c t
May 15.
1, 1896.
bush.
bush.
The valu e o f the N ew Y o r k exp orts fo r the yea r to date h as
1,513,332 65.236,432
1,561,678 60,7*8,20}; been $4,111,877 in 1897 against $8,726,068 in 1896.
178,654
5.103
The dem and fro m the h om e trade for b ro w a sheetings and
3S.*39
845.257
4.884
319 02* drills has been ligh t and con fin ed, w ith rare exception s, to spot
1,178 1,610.073 goods. These can be bought rea dily at p reva d in g prices, but
sellers are still gen erally reserved ov er fu tu re business, h ardly
m ore so, h ow ev er, than buyers. The exp orts o f cotton good s
last w eek w ere ex cep tion a l on a ccou n t o f ex istin g con tracts,
but n ew business has been quite m oderate. Sales o f bleached
shirtings have been in differen t in the a ggregate, b u : prices
Bariev.
lu le steady in all grades. The m arket fo r w ide sheetings,
bush.
cotton flannels and blankets and quilts has been w ith ou t n ew
253.000
22,000 feature o f m om ent. Sales o f denim s con tin u e on a quiet
Ticks, ch eck s and stripes,
473,000 scale w ith prices m aintained.
plaids and ch eviots are steady, but sell slow ly . K id-finish ed
67,000
cam brics in active. F a n cy ca licoes and printed specialties are
0i,o 6c slow and regu lar prints dull.
G ingham s also dull and
252,000 featureless. N apped fabrics for fall in fair request. P rin t
cloth s have ruled firm at 2 7-16c. fo r extras, but n o sales
thereat. O dd good s quiet.
9.024.457 1.300,183 41.562,135 3.124.774 134,983.712
8,992.308 800,735 2 9,643.6,1 1,700,611 70.318,801
T h e v isib le s u p p ly o f g ra in , co m p ris in g th e stock s in
g ra n a ry at th e p r in cip a l p oin ts o f a ccu m u la tio n a t la k e and
seaboard p orts, M ay 15, 1897, w as as fo llo w s :
In store at
Ndw York..............
Do
anGal......
A bany .................
3 jffalo .................
Do
afloat....
Chloago .
..........
M lwaukee ............
Do
afloat....
D ilu th ...................
Do
afloat ...
T ile d o .. ...........
Do
afloat......
Detroit................... ..
Do
afloat......
Wheat.
bush.
Corn
bush
2.6 Jfl.O n
O
611,000
50.000
30.000
204 000
7.038.000
0,077,000
37,000
Olts
buih
1,134,000
Rye.
bush.
353.000
50.000
510,000
140,000
8.533,000
854.00U
3,000
268,000
Louis...............
Do
afloat......
Cincinnati..............
Boston.................... . 28!*.000
Toronto.................. . 120.000
Montreal
......... . 407.000
Philadelphia......... . 115.000
2,000
Peoria.
..... ...
35.000
Indianapolis ......... .
K *usas Oily.......... . . 175,000
B iltlmore.............. . 212.000
Minneapolis.............. 12 394.on*On \iiasl08lppl River.
4.000
On Lakes............... . 1,28 *.000
On canal and river.. . 300.0)0
S
Total May 15,1897.29.737.000
TotaJ May 8,1897 31 862,000
Total May 13.1890 53.113.000
Total May 18, 1895 53.484.000
Total May 10.1894 62.041.000
349.000
841,000
858,000
251,000
104.66c
1.000
23.000
10.000
74,000
2,000
5.000
28,000
31,000
213.0UV
**2,000
13,000
13,000
10.000
1.000
1 ,00)
3.000
844,000
16.000
393.000
16,000
95.000
157,000
1 ,0 *1,000
72.000
11.000
1,4 41.0* 0
146.000
13.868,000
15,061,000
9.153.000
7.566, »00
8,271,00)
153.000
51.000
e64.ooo
3*1,000
18.000
i 60.000
66,000
345.000
41.000
2,174.000
35,0)0
9.876.000
10 8 *5,000
7,89 1.000
6.3)3.000
2.4 14.000
55,000
45.000
4.000
10,000
38,00 >
35,000
2.000
6.000
32,000
32.000
548,000
246,000
3.091.000
3.153,000
1.55 1,000
149.000
315 O O
U
S la c k , o f P r i n t C l o t h e —
A t P ro v id e n c e , 64 sq u a re s .
A t F a ll R iv e r , 64 s q u a re s ..
A t F a l l R iv e r , o d d s iz e s ....
1 .0C
K
81.000
1897.
1896.
M a i / 1 5 . M a y 16.
490,000 279,000
291,000 872,000
434,000 545,000
T o t a l s t o o k ( p le o e s ) .... 1,215,000
1.693,000
D R Y
G O O D S
1894.
19 .
M ay
20,000 445,000
64,000 117,000
223,000
789,000
F o r e i g n D r y G o o d s — T h e d e m a n d f o r s e a s o n a b le lin e s o f
f o re ig D m e r c h a n d is e h a s b e e n o f a p e r f u n c t o r y c h a r a c t e r o n l y
a n d w i t h o u t s p e c ia l f e a tu r e .
O rd e rs fo r f a ll goods h a v e co m e
i n s l o w l y i n a l l lin e s , b u t t h e r e h a s b e e n n o c h a n g e i n t h e
g e n e ra l to n e o f th e m a rk e r.
110 ,00b I m p o r t a t i o n s a n d W a r e h o u s e W i t h d r a w a l s o f D r y G o o d s ,
1,407,0 0
1,580.000
808.000
183.000
130,000
?
i
a. a g ^ f
r
v
-g g g S !
ft
T R A D E .
N e w Y o r k , F r i d a y , P . M ..M a y 21, 1897,
The m eetin g o f Southern m a n u fa ctu reis held at C harlotte
o n S aturday last turned ou t less im portan t than had been e x
pected. I t was com posed alm ost en tirely o f representatives
o f yarn m ills and the cu rta ilm en t resolu 'ion adopted by them
is regarded as in con clu sive. In som e quarters there w ere e x
pecta tion s that this m eeting m ight p rove a h elpful fa cto r in
the situation, but the w eek’s ex p erien ce sh ow s that it has had
n o general ir fluence w hatever. In all lines o f staple cotton s
the dem and has con tin u ed dull and still alm ost en tirely c o n
fin e d to spot goods. In seasonable fan cies, also, business has
been du ll, but in certain fall specialties Southern buyers, w ho
are n o w here in som e n um ber, have occa sion a lly operated
w ith a fair am ou nt o f freed om . There has been no im p rove
m en t in prices in any d irection , n or d o buyers show any a p
prehension o f h igher values. A t the sam e tim e sellers, whilst
m eetin g the cu rrent dem and readily on the cu rrent basis, show
a gen erally steady determ in a ii m to resist further concessions.
In the w oolen good s div ision o f the m arket a slow dem and
has been reported and w ith an easier n .atket fo r raw m aterial
and prospects o f protracted tariff legislation the recent u p
w a rd ten den cy id p ices seem s to have reached its lim it, fo r
th e lim e beiDg at all events.
W o o l h n G o o d s — There has been a quiet dem and on ly fo r
any description o f m en ’s w ear w ooien s and worsteds in
h eav y-w eig h ts. B uyers are generally filled up fo r prim ary
requirem ents, and w ith an easier ten den cy in the m arket for
raw m aterial, and the ch an ces o f the tariff bill not passing
fo r a con siderable tim e to com e, they are quite con servative
in a d d in g to tbeir engagem ents. The loca l strike in the ta il
orin g trade has a restiictiv e it fluence ov er the dem and also.
The ton e o f the m arket is generally firm , but there is no
present ten den cy tow ards h igher prices discernible in either
staplrs o r fancies. Satinets are in a ctive and on ly lim ited
sales reported in co tto n -w a rp cassim eres, doeskin jean s, etc.
8 lies o f overcoatings have bten on a quiet scale on ly, but a
fa ir dem and is again le p orted in cloakin gs. The dress-goods
§ ; ; ;
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C H R O N IC L E
C ity D t f A T i T M m ,
TERM S
OF
S U B S C R IP T IO N ,
" hv •!.»' S r'm -E M E S T w ill b e fu r n is h e d w ith o u t
Ir t f t o w r v a n im a l s u b s c r ib e r o f t h o 00*M K R tT A L
K m s c i . u . C h b o x ic l k .
T i'. s r .v r E vS'ii C i t y S u p p l e m e n t v rill a ls o b e fu r n is h e d
v/ith&ut cxlnt cAarirr to e v e ry s u b scrib er o f th e C u r o x ic l i ..
»
T hi, StRRKT R jUJAv a v St'iUM.KMKNT w ill lik e w is e b e fu r >
:
t-xtr.i c h a r g e t o e v e r y s u b s c r ib e r o f t h e
CKKiOitCJ r .
T b r QcoTATJOX S w r u o T E S t , is s u e d m o n t h l y , w ill a ls o b e
fu z u isit' l w ith o u t e x t r a c h a r g e t o e v e r y s u b s c r ib e r o f t h e
C aR O snaA ,
T i icM-t t o r t h e C w io s t o i.K w i t h t h e fo u r S u p p le m e n ts
a b o v e n a m e d a r e T e n D o lla r s w i t h i n t h e U n i t e d S ta te s a n a
T w e lv e D o lla rs in E u r o p e , w h ic h in b o t h c a s e s in c lu d e s
[VOL. LX1V,
B a n g o r , M e ,— B o m i N e w s.— A r e p o r t h a s b e e n p u b lis h e d
that t h is c it y c o n t e m p la t e d a n Issue o f b o n d s . W e h a v e
been in f o r m e d b y t h e C ity T re a su r e r th a t th e r e p o r t is w it h
o u t fo u n d a t io n .
B a t t l e C r e e k , M ic h .— B o n d O ffe r in g .— P r o n o s a ls w ill b e r e
c e iv e d u n til 12 o ’c l o c k n o o n d u n e 21, 1897, b y t h e c i t y o f
B attle C reek f o r th e p u r ch a s e o f $30,000 o f 5 p er c e n t p a v in g
b o n d s . T h e s e c u r itie s w ill b e d a ted S e p r . l , 1 8 9 7 ; in te r e s t
w ill b e p a y a b le s e m i a n n u a lly o n th e first d a y s o f M a r c h a n d
S e p te m b e r , a n d t h e p r in c ip a l w ill m a tu re ’ a t th e r a te o f
$10,000 p e r a n n u m fr o m S ep t. 1, 1918 to 1930, in c lu s iv e , both ,
p r in cip a l a n d in terest b e in g p a y a b le a t th e N a t io n a l P a r k
B a n k o f N e w Y o r k C ity .
T h e t o ta l In d e b te d n e ss o f th e c i t y o f B a ttle C r e e k a t t h e
p resen t t im e a m o u n ts to $190,000 ; th ere a re a ls o o u t s t a n d in g
$25,000 o f s c h o o l b o n d s , th e s o h o o l d is tr ic t b e in g a se p a ra te
c o r p o r a t io n f r o m th e c i t y o f B a t tle C re e k . T h e assessed
v a lu a tio n f o r 1896. as e q u a liz e d b y th e B o a r d o f S u p e r
visors, is $ 5 ,1 7 4 ,8 8 7 ; th e r e a l v a lu e is e s tim a te d a t a b o u t
$ 1 2 ,0 0 0 ,0 0 0 ,
B e lm o n t , M a s s .— B o n d O ffe r in g .— P r o p o s a l w ill b e r e
c e iv e d u n till 2 o c l o c k P. m . J u n e 1, 1897, b y W . L . C h e n e ry ,.
T o w n T re a s u r e r , f o r th e p u r ch a s e o f $40,000 o f 4 p e r c e n t
h ig h s c h o o l b o n d s a n d $6,000 o f 4 p e r c e n t s e w e r b o n d s , T h e '
s e c u r itie s w ill b e o f th e d e n o m in a t io n o f $1,000 e a c h , d a t e d
'•
J u n e 1, 1807 ; in te re st w ill b e p a y a b le s e m i a n n u a lly in B o s
to n , w h e r e t h e p r in c ip a l a lso w ill b e p a y a b le . T h e h ig h
» w Y o r k .— T u x R a t e B ills S ig n e d b y th e G o v e r n o r .— Cm s c h o o l lo a n w ill m a tu r e in t w e n t y y e a r s fr o m d a te o f is s u e
a n d th e s e w e r lo a n in t h ir ty y e a r s,
B id s f o r e a c h issu e m u s t
M*'3- C , G o v e r n o r B la c k s ig n e d th e g e n e r a l a n d in san e
be m a d e s e p a r a te ly a n d m u s t b e a c c o m p a n ie d b y a c e r t ifie d
! \ rnt<“ bills, th e r e b y fix in g th e t a x rate o f N e w Y o r k S ta te c h e c k fo r 3 p e r c e n t o f t h e a m o u n t b id fo r .
f. r 1 ' 7 at 2 <3? m ills . T h e fo l l o w i n g s t a t e m e n t s h o w s th e
T h e tota l in d e b te d n e s s o f th e t o w n o f B e lm o n t , in c lu d in g
th ese issu es, is $157,150; w a te r d e b t, in c lu d e d in to ta l d e b t ,
v ariou s it* m s w h ic h g o t o m a k e u p th is a m o u n t :
$14,750 ; s in k in g fu n d s , $1,360. T h e assessed v a lu a tio n fo r
For eeaeral purposes................. .................................. - ....................... '18
1896 is $4,125,095 a n d th e p o p u la t io n in 1895 w a s 2,843.
0«3*1.»............................................................................... - .................. '1 ? °
B e n n i n g t o n , Y t .— B o n d O ffe r in g .— P r o p o s a ls w ill b e r e
Sehoo s ................... ...................................................................................
c e iv e d u n til 13 o ’c l o c k n o o n , J u n e 1, 1897, b y J H . W a l t u i d g e ,
Caiiil w»inU't:-,\vie<'............... . ......................... .
...................
C h a ir m a n o f th e B o a r d o f S e le c tm e n , N o r t h B e n n in g t o n , V t , ,
$t*t«
o t the* iObBBe................................................. .......... . . . . . . . T 10
f o r t h e p u r ch a se o f $100,000 c f 4 p e r c e n t r e f u n d in g b o n d s .
T h e s e c u r itie s w ill b e c o u p o n b o n d s o f $1,000 e a c h , d a t e d J u l y
T o ta L ..... . . . . . . . . . . ................................................. ................. —** 2 *67
1, 1897: in te r e s t w ill b e p a y a b le s e m i-a n n u a lly o n th e first
T h e v a lu a tio n o f th e p ro p e r ty o f t h e S ta te is $4,495,802,591
d a y s o f J a n u a r y a n d J u ly , a n d th e p r in c ip a l w ill m a tu r e J u l y
an d it is e stim a te d th a t t h e t a x w ill y i e l d th e fo llo w in g
1, 1917, b o th p r in c ip a l a n d in t e r -s t b e in g p a y a b le a t t h e o ffic e
revenue:
o f th e T o w n T re a s u r e r . T h e se b o n d s a re to r e fu n d a n issu e
i *>? gethtitkl purpo*c ii................................. .
«M
.$309,244 47 o f b o n d s n o w o u t s t a n d in g , a m o u n t in g to $113,000, $12^000 o f
Frew •iv-o’:
' . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,091,180 36 w h ic h w ill b e p a id d u r in g th e y e a r fr o m fu n d s in h a n d a n d
N r? tsrork cm can hi*..... .................... .
202,311 12
..
...................................... . . . . . . . . . .
584,454 34 c u r r e n t t a x a t io n . T h e r e a re a ls o o u t s t a n d in g $37,000 o f 4 p e r
C *» a1 UiX 1#r t atm** nance and ortlioary repairs...........
»
944,118 54 c e n t bondB m a tu r in g fr o m J a n u a r y 1, 1898 to 1901, in c lu s iv e .
Can a’; lax tor ftxtr&»:»r*ilB&ry e x p e n s e s ............. .
427,101 24 T b e t o w n has n o flo a tin g d e b t ; its assessed v a lu a t io n f o r 1896
fiUJ-e t-sic at the
. . . . . . .
— . . . . . . . 4,945,382 85
is $3,608,970; th e p o p u la tio n in 1890 w a s 6,393 a n d a t th e p r e s
To 1*1,....____ _________________ _____ _____________ ...$12,003,792 92 e n t t im e is e s tim a te d a t 8,000.
B e r l in P a lls , N . 1L — B o n d s A u t h o r i z e d .— T h e C it y T r e a s
T h e fo llo w in g are th e e stim a te d r e v e n u e s f r o m in d ir e ct t a x
u r e r o f B e r lin P a lls h a s b e e n a u th o r iz e d to issu e $65,000 o f 4
a tio n :
p e r c e n t r e fu n d in g b o n d s . T h e s e c u r it ie s w ill be s e c u r e d b y
K* U n ited *arpln* Sept. 30, 1897............ ......................... . $1,474,013 60 a s in k in g f u n d a n d w ill m a tu re as f o l i o w f ; $32,000 in t w e n t y
>
T*x on oorp-rjiYiUon* and organization t a x ........ .
2,300,000 00
laheritAm-i?; ta x ----- - ------------------------------- -------- . . . . . . 2 ,000,000 00 y e a r s f r o m d a te o f issu e an d $33,000 in t h ir ty y e a r s .
.................... .........................
3 ,2 ;-:0 ,0 0 0 0 0
B e t h le h e m , P a .— B o n d E le c tio n .— O n J u n e 18, 1897, theA n » r « and lBtere*to* mm-resklent t a x e s . . . . . . . . . . . . . .
160,000 00 c itiz e n s o f B e th le h e m w ill v o te o n a p ro p
to issu e
fw *. of 1 11 Pile t»Ulcers
............ .................... .
35,000 00
W e &t la n d s...*.... . . . . . . ..... ....... ........................... .
40,000 00 $75,000 o f street im p r o v e m e n t b o n d s .
B o s t o n , M a s s .— B o n d s P r o p o s e d .— A t a m re t in g o f t h e
Bask# ttm tx p m
Bank D epartm ent)............ .
80 ,000 00
leM iraacc eempaDles<for expenses o f Insurance Dept.)
185,000 00 C ity C o u n c il o f B o s to n , M a y o r Q u in c y r e c o m m e n d e d th a t a
fUflro&d earn pan ie-« (for salat les and expenses o f Bail:^
.......... ..................... ...................
65,000 00 lo a n a p p r o p r ia tio n o f $300,000 b e m a d e f o r im p r o v in g s c h o o l
b u ild in g s , O r d e r s w e r e a lso s u b m it t e d c a llin g fo r a lo a n o f
companies (for salaries o f inspectors o f gas...................................
9,500 00 $1,517,000 f o r v a r io u s m u n ic ip a l p u rp oses.
Special tax fo r Judges o f the Supreme Court, steno*
B r o o k l y n , N. Y .— B o n d S a le ,— O a M a y 19, 1897, t h e $ 3 7 5 ,'r
m .............
131,595 00
A
Foe* 4f
.......................... ....................
35,000 00 0l)0 o f ’ 14 p e r c e n t c o n s o lid a t e d g o ld s t o c k issu ed fo r i m p r o v e
**©ol ta x ... .................... ........................................ .
30,00*» 00 m e n t o f m e w a te r s y s te m , p a y a b le J a n u a r y 1, 1937; $16,500 o f
Klarara State recurvation. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8,600 0031^ p e r c e n t g o l d w a te r b o n d s , p a y a b le M ay 31, 1917, a n d
'
................. ....................
60,000 00
p e r c e n t G r a v e s e n d g o ld im p r o v e m e n t bon d s,,
Poidk-T*’ aod Sailor*** H o m e .. . . . . . ......
115,000 00 $8,500 o f
State prlM m *......................
25,000 00 p a y a b le M a y 21, 1925, w e r e a w a r d e d to B la k e B ros. & C o . a n d
Halt 4 .st>
30,000 00 R , 11, D a y & C o . a t 104 603, 108T 41 a n d 103-871 r e s p e c t iv e ly Mieceiiaaeou*..........................
75,000 00
T b e o t h e r b id s r e c e iv e d w e r e :
N . W . H a rr is & C o ., 103'85 fo r t h e e n t ir e issu e.
T ota l....*.*...................... ........... ..................................... $10,048,703 60
E s ta b r o o k & C o ., 103'81 fo r th e c o n s o lid a t e d s t o c k ; 102'55
fo r th e w a te r b o n d s , a n d 102'91 f o r th e im p r o v e m e n t b o n d s
W o o d , H u estis & C o ,, 108'70 fo r $23,000 o f t h e c o n s o lid a t e d
t h is
s t o c k a n d 103'40 fo r $25,000 o f th e s a m e issu e.
Wfto.lt h a v e b e e n a s f o l l o w s .
H a m ilt o n T ru st C o ., 103 625 f o r $100,000 o f t h e c o n s o li
A b ln g t e n ,
B o n d S a fe .— T h e t o w n o f A b in g t o n has d a ted s to c k .
* Id W .' 0 0 o f 4 per ••ent w a te r b i n d s to E . H . G a y & G o. o f
P a rso n , L e a c h & C o ., 103 51 f o r t h e c o n fo lid a t e d s t o c k ;
Ik i'io r i, M aes,, a t 197. In te re st o n t h e s e c u r itie s is p a y a b le
101-51 f o r th e w a t e r b o n d s , a n d 102 f o r t b e im p r o v e m e n t
*»-•»!-a n n u ally at the N a tio n a l B a n k o f R e d e m p tio n o f B o ston , b o n d s .
an d th e p rin cip a l w ill m a tu r e M ay 1, 1930.
A b r a h a m W h it e B a n k in g C o ., 103-53 fo r $50,000 o f t h e c o n
A lin t h e D j , I ’ a
B o n d s P r o p o s e d .— A t th e n e x t m e e tin g o f so lid a te d s t o c k ; 103-23 fo r $50,000; 1 0 311 fo r $50,000; 102-93
ti - i tty <V.ujbcII o t A lle g h e n y a n o r d in a n c e w ill b e p resen ted fo r $25,000; 102-87 fo r $50,000; 102-07 f o r $53,000, a n d 103'53au th f > isin g * n « le c tio n o n th e quern io n o f issu in g $200,000 o f f o r $100,000.
r
fe r d i fo r th e im p r o v e m e n t o f R iv e r v ie w P a rk .
B e n w e ll & E v e r it t , 103*370 f o r th e e n t ir e issu e.
* i t f g h - B j P a .! T h i r d W a r d .H chool D i s t r i c t ,— B o n d S ale,
B e r tr o n &, S torrp , 103-01 f o r th e c o n s o lid a t e d s t o c k ; 1 0 P 6 0
1*•" " b - w
Otk N ew s B u r e a u " re p o rts th a t the $160,000 o f fo r th e w a te r b o n d s , an d 101*45 f o r th e im p r o v e m e n t b o n d s ,
4 i‘ r
sch o o l b on d s o f ib is d is tr ic t, b id s fo r w h ic h w ere
M a n u fa c tu r e r s ' T r u s t C o ., 108’23 fo r $175,000 o f th e c o n s o l i
f,p*r ,
Ma y 211, W ere a w a rd e d t o P. P. K e lly o f P h ila d e l- d a ted s t o c k ; 102 71 f o r $100,000, a n d 102-16 fo r $100,000,
ptiiv &5 a p re m iu m o f $8,421. T h e se cu ritie s a re o f th e d eK in g s C o u n ty T ru st C o ,, 108-005 fo r $100,000 o f th e o o n s o li[’ * ruination o f $u.:»*0 e a c h , d a te d J u n e 1 ,1 8 9 7 ; in te r e s t w ill cl fit. o d s to c k .
"
t- sy a H e M in i.a n n u a lly o n th e first d a y s o f J u n e an d DecernH . B . W ils o n & C o , , 1(2-75 f o r $10,000 o f t h e c o n s o lid a t e d
t * r . s e d the t r in c ip a l w ill m a tu r e at th e ra te ot $o,uuu per s t o c k ; 102-6? fo r $61,000; 102-50 fo r $100,000; 103 30 f o r $10,000,,
‘
tiie rate o f $8,000 p er
u : a m fr o m J u n e 1, 1098 to 1 9 1 ,7 in c lu s iv e , b o th p rin cip a l
.............................
an d 102-23 fo r $90,000.
ar.d interest b e in g p a y a b le a t the S e c o n d N a tio n a l B a n k o f
W m . B . S a g e r, 103*25 fo r $200,000 o f c o n s o lid a t e d s t o e k A J le g b e o y , P en n .
L . W , M orrison , 10P51 f o r w a t e r b on d s.
A D o r t i , ( i r e . - B o n d SaJe, — T h is c it y baa t o ld $10,000 o f
J o h n F . P re n tis , 100*875 f o r w a te r b o n d s .
tor, js , crn ied fo r th e e r e c tio n o f a n e lt c t r ip -lig h t p la n t , to a
In te re st o n th ese se c u r itie s is p a y a b le c n th e first d s y a o t
t w M i II.rra s
J a n u a r y a n d J u ly ,
jk b W r c .
____________ .
T e r m s o f A < v e r t l s l n g — ( P e r i n c h s p a r e .)
1
O t * -JOT.......... .......................S3 SO I Three Months (13 times) ..$25 00
One StenUi
(4 tim e*)., t i 00 Six months
(20 tim es)., -WOO
(S tim es).. 18 00 { T w elve Months (52 tim es). 58 00
Bond Proposals and N e g o tia tio n s
M 32, 1897. J
ay
THE
C H R O N IC L E ,
Bonds Authorized.— The G overn or has sign ed the f o l
lo w in g bills relating to the issue o f B rook ly n sch ool bon d s:
T o provid e fo r an appropriation for the sch ool board o f the
b orou gh o f B rook ly n o f the c ity o f N ew Y o r k in v o lv in g th e
issuing o f bonds to the a m ou n t o f $2,300,000. A u th orizin g
B ro o k ly n to issue 8500,000 bonds for erectin g, fu rn ish in g and
com p le tin g sch ool buildings. A u th orizin g an issue o f $200,000
bonds to erect tw o high schools.
C h a r lo tt e s v ille , Y a .—Bond Election.— On M ay 27, 1897,
an election w ill be h eld in thi3 place to decide on a proposition
to issue $30,000 o f bonds.
Chelgea, M ass .— Bond Offering.— Proposals w ill be re
ceived u ntil 4 o ’clo c k P. si. Jun e 8, 1897, b y T h om as B. F rost,
C ity Treasurer, fo r th e pu rch ase o f $110,000 o f 4 per cen t pu b
lic im provem en t bonds. The securities are to b e secured b y a
sink in g f u n d ; th ey w ill be o f the den om in a tion o f $1,000
each, dated A p ril 1, 1897, w ith interest p a ya b le sem i-an
n u a lly on the first days o f A p r il and O ctober at the office o f
the C ity Treasurer o f Chelsea. O f the total issue $40,000 w ill
m ature O ctober 1, 1907, and $70,000 O ctober 1, 1927. These
bonds are issued u nder an a ct app roved A p ril 1, 1897. a u
th orizin g the city o f Chelsea to in cu r indebtedness beyon d
th e lim it fixed b y la w , fo r refu n d in g special loans a nd for
oth er purposes. C ity Treasurer Thom as B . F rost reports that
all o f the indebtedness o f the city o f Chelsea is n o w cov ered b y
special law s. B onds and notes o f the c ity n o w ou tstan din g
a m ou n t to $800,000 ; special loans, $139,700; sinkin g fun ds,
Jan. 1,1897, $98,017. In addition there is a park loan o f $60,000,
issued outside o f th e debt lim it ; a w ater debt o f $300,000
w ith a sink in g fu n d o f $29,916 and the im provem en t loan,
n o w bein g issued, a m ou n tin g to $110,000. The assessed valua
tion fo r 1896 is : R eal estate, $20,528,550 ; personal property,
$2,384,544; total, $22,913,094 ; tax rate (per $1,000), $16 80.
The population in 1890 w as 27,909 and in 1895, 31,295.
C h ico p e e , M ass .—Bond Sale.— E stabrook & Co. o f Boston
have been aw arded $24,000 o f g o ld cou p on sch ool bonds o f the
city o f C h icopee at 104-657.
O ther b ids received w ere :
Adams & Co., Boston............. .......................................... ...............104-571
Geo. A. Fernald & Co., B osto n ....................................... ...............104-316
Third Nat. Bank, Boston ................................................................ 104-315
Blodeet. Meriitt & Co., Boston..................................... .... ............ 104-2S0
Jas. W. Longstreet & Co., Boston..................................................104-259
N. W. Harris & Co., Boston...............................................................104-210
Blake Bros. A Co.. Boston........................................................ ....... 104-135
R. L. D a y & Co.. B oston ........................ ....................................... 104-079
Farson, Leach & Co., New Y ork..................................................... 103-910
E. H. Rollins & Sons, Boston........................................................ 103-797
Dietz. Denison & Prior, Boston.......................................................103-610
Rudolph Klej holte & Co.. New York............................................. 103-590
The securities bear interest at the rate o f 4 per cen t and
m ature in ten years fr o m date o f issue.
t h r is tia n C o u n ty, K y .—Bond Sale.— On M ay 18, 1897,
C h ristia n . C ou nty sold $100,000 o f 5 per cen t th irty-year re
fu n d in g bonds. Part o f th e securities w ere taken b y parties
in H opk in sville, K y ., at from 103 to 105 and the rem ainder by
the F idelity Trust & S a fety V a u lt C om pa n y o f L ou isville at
103.
C o lb e r t C ou n ty , A la .— Bond Sale.— T h e $100,000 o f 5 per
ce n t rea d bonds o f C olbert C ou n ty h av e been aw arded to
D ietz, D enison & P rior, o f C levelan d, O ., a n d Farson, L each
& C o ., o f C h ica go, 111., at par and a ccru ed interest.
C o lle g e F u in t, N. Y .—Bond Offering.— Proposals w ill be
receiv ed u n til 3 o ’clock P. m . J u n e 7, 1897, b y the V illa ge
Trustees o f C ollege P o in t fo r th e purchase o f $11,000 o f 4 per
cen t w ater bonds. The securities w ill be o f the den om in ation
o f $1,000 each and w ill m ature in tw e n ty years fro m date o f
issue. E a ch proposal m ust be a ccom p a n ied b y a certified
ch e ck fo r 5 per cen t o f the a m ou n t bid.
1011
S. Kuhn < Sod, Cincinnati. O h io ...................................... .........$10,850
fe
Seasongood & Mayer, Cincinnati, O h io ................................... 10,828
Mason, Lewis & Co., Chicago, 111...........................................
10,827
The Laixmrecht Bros. Co., Cleveland O hio................................ 10,807
Forson, Leach & Co., N ew Y ork, N. Y ....................................... 10,756
Dietz, Denison & Prior, Cleveland, O h io.................................... 10,587
W. J. Hayes &.Sons, Cleveland, O h io ...................................... .„ 10,585
Fourth N ational Bank, Columbus, Ohio.................................... 10,485
Jas. W. Lorigstreet & Co., Boston, M a ss.................................... 10,289
00
50
OO
00
OO
50
OO
oO
30
The securities are o f the d en om in a tion o f $1,000 each and
w ill m ature at the rate o f $1,000 per an n u m fr o m M ay 1, 1898
to 1907, in clu siv e.
E a st C lev ela n d , O h io .— Bond Election.— A proposition to
issue $100,000 o f w ater bonds w ill be pu t to a v o te o f th e p eo
ple o f the villa g e o f East C levelan d on M ay 28, 1897.
E g g H a r b o r C ity, N. J .— Bond Offering.— Proposals w ill
be receiv ed u ntil 7 o’c lo c k P. M. June 15, 1897, b y V . P . H o ff
m an, C ity Clerk, fo r the purchase o f $5,000 o f 4 j^ per cen t
general im p rovem en t bonds. The securities w ill b s o f the
den om in ation o f $500 each and w ill m ature in fr o m ten to
nineteen years fro m date o f issue.
E lk h a r t, I n d .— Bond Sale.— This c it y has issued a 6 per
cen t 10-year sew er bond am ou n tin g to $250.
E lls w o r t h , M e.— Bond Sale.— The $28,000 o f E llsw orth ,
M e., 4 per cen t 30-year re fu n d in g bonds w ere aw arded to
W o o d b u ry & M oulton, o f P ortland , M e., at 105-27.
The oth er b ids receiv ed w ere:
Dietz, Denison & Prior
E. H. Gay & Co............
Adams & C o....................
Dietz, Dei ison & Prior.
H. B, Sanders................
E. H. Gay & Co..............
Blodget, Merritt & Co..
E. O. Stanwood & C o ...
Street. Wykes & C o___
Farson, Leach & Co.......
Merrill & C o ... ......... .
Cha*. C. Bnrrill.
( $5,000
I 5,000
) 5,COO
( 5,000
F. A. Davis
(
7
(
2 ,0 0 0
2 ,0 0 0
2 ,0 0 0
T. H. R ich ..
..
l.OCO
*105-870
U 04-590
1104-540
104-510
104-410
104-250
1104*040
1103-270
1102-660
102-280
101-880
104- 200
103 500
102-115
101-730
106 000
105- 000
104-000
1 0 0 -0 0 0
‘ Bonds to he o f the denomination of $500. tB on d s to he o f the de
nomination o f $1,000. J Bonds to be o f the denom ination o f $1,000
or $500.
Bids w ere requested fo r bonds o f the den om in ation o f $300,
con sequ ently the securities w ere n ot aw a rd ed to Dietz,
Denison & P rior, as their bid was for $500 bonds and on that
a ccou n t did n ot co m p ly w ith the con d ition s o f the sale.
F a r R o ck a w a y , N . Y .— Bonds Authorized.— The citizen s o f
Far R o ck a w a y h av e voted in fa v o r o f a proposition to issue
$35,000 o f road im p rovem en t bonds.
F a y e tte C ou n ty, K y .—Bonds Proposed.—This co u n ty is
con tem plating the issuance o f bonds t o pay the co s t o f bu ild
in g a n ew court-house.
F a y e tte v ille , N. Y.— Bond Sale.— The c it y o f F a yetteville
has sold $15,000 o f bonds.
F lo r e n c e , a la .— Bonds Defeated.—A t an election h eld in
the city o f F loren ce on M ay 15, 1897, the people voted again st
a proposition to issue $125,000 o f w ater-w orks bonds.
F lo r e n ce , C o l.— Bonds Authorized.— This city has been
authorized to issue 6 per cen t gold bonds fo r a g ra v ity system
o f w ater-w orks. The d en om in a tion o f the securities w ill be
$ 1 ,0 0 0 .
F o r t D e p o s it, A l a .—Bonds Proposed.— The tow n o f F ort
D eposit has under con sideration a proposition to issue b e
tw een $5,000 and $10,000 o f sch ool bonds.
F rem on t, O h io . —Bond Offering.— Proposals w ill be re
ceived until 12 o ’clo ck noon M ay 31, 1897, by C. F. B ell, CityClerk, for the purchase o f $5,000 o f w ater-w orks bonds bear
The official notice o f this bond offering m il be found among in g interest at 5 per cent.
G ra n d J u n c t io n , C o l.—R o n d News.— Mr. A . T. W harton*
the advertisements elsewhere in this Department.
chairm an o f the W ater C om m ittee o f G rand J u n ction ,
C o lo r a d o S p rin g s , C o l.— Bond Election.— The citizens o f C ol., reports to the C h r o n icl e that the $65,000 o f w a ter
C olora d o Springs w ill in the near fu tu re v ote on a proposition bonds, the particulars o f w h ich w ere published in ou r issue o f
to issue $40,000 o f w ater bonds.
M ay 8, w ill be disposed o f at private sale.
C o r y e ll C o u n ty, T e x a s .— Bonds Authorized.— The C ou nty
G reen Bay, Wig.—Bond Sale.—O i M ay 14, 1897, th e
Com m issioners have passed an ord in a n ce p r ov id in g for an $11,000 o f 5 per cen t refu n d in g bonds o f the city o f G reen B a y
issue o f $85,000 o f cou rt-hou se and ja il bonds.
w ere aw arded to Farson, L each & Co. o f C h icago, 111., fo r
C u m b erla n d , M d .— Bonds Authorized. — T he citizen s o f $11,885.
Cum berland have voted in fa v or o f a proposition to issue
The other bids received w ere :
$20,000 o f bonds.
W. J. Hayes & 8ons, Cleveland, Ohio...................... ................. $11,804 00
D a n b u ry , C o n n .— Bond Offering.—Proposals w ill be re N. W. Harris * Co., Chioaro, 111......... ...................................... 11,742 50
ceived by the city o f D anbury until May 29, 1897, fo r the pu r The I.ampreeht Bros. Co., Cleveland, O h io.............................. 11,676 50
S p ltzer& C o., Toledo, O h io........................................................... 11,657 60
chase o f $150,000 o f 4 per cen t fu n d in g bonds at private sale. Mason, Lewis & Co , Chicago, III .............................................. 11,579 70
A fte r that date, if n o advan tageou s offer has been received, Citizens’ National BaDk, Green Bay, W is.................................. 11,600 00
bids w ill be asked fo r in the usual m anner. The securities are
The honds are o f th e denom ination o f $1,000 each , dated
to be issued to retire an equal am ou nt o f the floatin g debt. A ptil l , 1897, and w ill mature in from one to tw en ty years
They w ill be o f the den om in ation o f $1,000 eaob, dated May 1, from date o f issue. Both principal and interest are payable
1897. interest w ill be payable sem i-ann uallv on the first days at the K e llo g g N ational Bank o f G reen Bay.
o f M ay and N ovem ber at the- N a iion al P ark Bank o f N ew
G re e n sb u rg . P a.—Bond Sale.—This b orou gh has sold to
Y o rk C iiy o r the rffice o f the City Treasurer o f D anbu ry, and D ick B rcs. & Co. o f Pniladtdphia $15,000 o f 5 per cen t bonds.
the principal w ill m ature as fo llo w s ; $100,000 at the rate o f The securities w ill mature in tw en ty five years fro m date o f
$10,000 per annum fro m M ay 1, 1927 to 1936. inclusive, and issue, su b ject to ca ll after five years.
$50,000 M ay 1, 1937. T he Ponded deb t o f D anbury at the
H a r d in C ou n ty, O h io.—R o n d Offering.— Proposals w ill be
present tim e am ounts to $481,000; floating debt, $350,000; r e criv id u ntil M ay 31, 1897, by M. M. T h om pson, C ou n ty
total d e b f. $831,000; w ater bood s, in clu d ed in ab>ve bonded A u ditor at KentOD. O nio, for the purchase o f $4,000 o f co u n ty
debt, $225,000. The assessed valuation fo r 1896 is $6,500,000; bridge bonds. Interest on the securities w ill be at 6 per cen t
the real valuation is estim ated at about $15,000,000; the pop u and the principal w ill m ature in fro m 4 to 5 years fro m date
lation is about 19,000.
o f issue.
Del plies, O h io .-B o n d S a le .- On M ay 17, 1897, the $10,000
H ig h la n d T o w n s h ip , M o.— Bond Call.— T w o bonds o f this
o f 5 per cen t w ater-w orks bonds w ere aw arded to R udolph tow n ship, num bered 11 and 12, for $500 each, dated Janu ary
K leyb olte & Co. c f C incinnati, O hio, for $ 0,9-7 77. The 1, 1892, and bearing int rest at 5 per cent have been called
other bids received were :
for redem ption. In erest ceases June 2, 1897,
THE
1012
H«U*ft4. Jtleliv*
m *m - m
f . | , Pfep*
tb a t a n f#
% t.
l
P. II Mefit*
ttunaaft* | #
0 , 3 . £>e B o
C H R O N IC L E .
[Yol, LX1Y,
h o u s e , ja il a n d w a t e r -w o r k s im p r o v e m e n t b o n d s . T h e e e e u r itica a re t o b ea r in te r e s t a t th e r a te o f 5 p e r c e n t a n d w ill m a
tu re in fo r t y y e a r s f r o m d a te o f issu e, s u b je c t to c a ll a ft e r fiv e
y e a rs.
K e n t o n , O h io ,— B o n d O ffe r in g — P r o p o s a ls w ill b e r e c e iv e d
u n t il 2 o ’c lo c k p, si., M a y 31, 1897, b y C ity C le r k A . F . S m it h
Pr* mium. fo r th e p u r c h a s e o f $1,200 o f 6 p e r c e n t street im p r o v e m e n t
. . . . . . . $7AT*00
........™ - ■
. . . . . . . . . . 67?-a* b o n d s o f th is c ity ,
K e r n C o u n t y ( C a l . ) L a k e v ie t r S c h o o l D i s t r ic t , — B o n d
.... ... " '
. 5«4*oO
ft1^.75
. . . . . . . . . . . . . . - ............ 512' “ 5 S a le.— T h e $2,500 o f S p e r c e n t 8 -y e a r a v e r a g e s c h o o l b o n d s o f
th is d is r ic t w e r e a w a r d e d t o th e B a n k o f B a k e r s fie ld , a t
, .. . . . . . .
.
4 90*00
...................
4 ? '‘uO B a k e r sfie ld , C a l , at a p r e m iu m o f $330. T h e o t h e r b id s r e
...........
......... 43000
c e iv e d w e r e :
n | K iIa —On Mar 11* 18O the $18*000
T*
4s weni awarded to N. W. Harris &
iso offered par and accrued interest and
, ami aka agreed to furnUh tire blank
‘
.......... .
.............................
........
361*00
227*50
1 -1 *00
P r e m iu m .
.Jolin F, Sprague............................................ ......... - .......................... $291-05
F. J Cooper ................................................................................... .
208-00
r,i. f*a¥lr!g^ If -iituOraad Itiiptd*.
......... 75*oo A, H. Conger........................................................ ............................ .
101 00
fjL A iteaa* drtcat
Judin A. F rlttle........................................................... ...................... H 3-20
II 4. rarvon* Cti. i i m a, itmr and 1stere**t. b la u lr b o m ls .
m
p a r m ti
Isk«n Springer. ..................................................................................... 100-00
•li
t o r $9tUO0» par t m i i interest witlioat ex;- Du Van & On..... ....................... ........................................... ......... . . .
8O‘0O
Hi Ui.il 0
.
' ^
.
First National Bauk, Fresno, Out .....................
50-00
Tne * curtth- arv of the denomination of §1,000 each: m- 1V.N. Coekins........................................................................................
10-00
K e r n c o u n t y ( C a l . ) K o c k p l l e S c h o o l D is t r ic t . — B o n d
t«.r« ft U payable annually at the officeof the CUv Treasurer of
S a le .— T h e b id s r e c e iv e d f o r th e $2,500 o f 8 p e r c e n t 8 -y e a r
Holland and the principal will mature Feb, 1, 1908.
The total bomb'd debt of Holland, not including this issue, a v e r a g e s c h o o l b o n d s o f th is d is t r ic t w e r e th e s a m e as th ose
amount* to $30, i >0. The las valuation for 1896 is 81,823.820, r e c e iv e d f o r t h e lik e a m o u n t o f L a k e v ie w s c h o o l b o n d s , th e boc u r iu e s b e in g a w a r d e d to th e B a n k o f B ik e r s fie ld , a t B a k e r s
which is . -unrated at less than one-half of the actual value.
Holyoke, Mass — T e m p o r a r y lo a n .—The .city of Holyoke fie ld , C a l., at a p r e m iu m o f $380.
B a B e l l e T o w n s h i p , M o .— B o n d C a ll.— S ix p e r c e n t t e n to
iuu placed least of $.">'>,090 with Bond & Goodwin of Boston
at
per cent discount. The other bids received were as th ir ty y e a r t o w n s h ip b o n d s , d a te d S e p te m b e r , 1881, n u m b e r e d
15 a n d 16, h a v e b e e n c a lle d f o r r e d e m p t io n . T h e b o n d s a r e
follows;
K A t f t i S .VOr..<knr. Jin-ton........................................................ £'•[* f o r $500 e a c h a n d in te r e s t ce a se s J u n e 2. 1897.
C-jrt!» A M nt.,), Bo,son......................— .........................................
f .S M‘>‘ i'lor A
:
S c-ton ..—.
............................... .............. “ ‘0s
I j i i ; , , ■,t Jl'llIIS-ntl, boston..... ............................................. *3’0C
J n . \V
.
I ! ,V Co., Boston....................................................... |'0“
AtUtt* A Co., Boston.... ............................................................ 8-03
Blo.Uvt. M.-rriu .1 Co., Ii-j-i,.u ..................... ....................... .
3-03
Bs.iko B os. A Co-., Boston....................................2-»5 per cent interest.
* And *0 premium.
The loan was l-sued in anticipation of taxes due November
$, 189*.
Homestead. Pa.—Bond S a l e —The Chto.vtCle ha3 been
surer, that arrange
ments for the sale of $20,000 of funding bonds are aoout
completed,
Houston. ' U \ n * . — B o n l O f f e r i n g .—Proposals will be recei vvd until 12 ..."eh ck (oof n) June 5, 1S97, by the City Secre
tary- fer the pun brs; of >250,000 of 5 per cent paving and
cewer bond*. The securities will be of the denomination of
$1,000 each, dated July 1, 189“ ; interest will be payable semi
annually and the tritcipa! will mature in forty years from
date r.f :retie, sol j ct to call after twenty years,both principal
and interest hr tog payable at the office of the 0nion Trust
Company of New Y,>rk City.
T l t c o f f i c i a l n o t b y t » f t i n s bond o f f ’ r i n g t r i l l b e f o u n d a m o n g
th e a d v e r tis e m e n ts e ls e w h e re i n th is D e p a r tm e n t.
Hudson Mu.-* /-’ > n d s A u ' h o r i - . ’ d ,—The citizens of the
town *> Hu run have voted in favor of a proposition to issue
f
water-works bon is to an amount. no; exceeding 836,000.
Hoatlnirdon. Ten n.—B-n-f E i r e l i o n . —A proposition to issue
.
$10,009 of i> m for the con- i rurii in of water-works and an
-T*
electric-fig
to a
> of the people of
this town.
tlnntingtiin, Conn. — B o n d S a l e ,—On Mty 17, 1897, the
$75,000 ■ ( t per cent gold bon is of the town of Huntington
<
w e r e *> ird d t< l
>
... U r i-- n ,‘c Prior of Bos'on, Mass., at
lO S '-tW :
Tin* oih -r bid* rue, jvtd were :
f* M lCi&m
M
1 9 k m * E a CJ M il
.1 6 4 7 1 1
Ja#w r, J
H
.1 0 4 * 3 7 3
If* W. H
* s t o n , - Ill* M H*
i,
104 349
B* U
>
i 4' 8 > tt*
10**276
m & O .
’ York p t r / N ; v : T : . : ; ; : : :
1«'4 *280
K» 0 1
(H»4 4 i K. ill «?on, J
.1 0 3 * 7 7 0
M V , <
York, . Y.
103*620
S L- j >&y A O . . B i. s, H*mL
1 03 *297
i
it* I t o m i m <4 < , lk**U
10 a*280
ln(. i t m t
1 curl re. is payable aemi-annutlly on the
first day. of Jaru trr and July and t he principal will mature
in twuiiy yvitrs front dale of iegtte, both principal and intw irt Ikuor pay«M« at the Birmingham National Bank of
D erby, C o o n ,
iiu t -v t lls , H a .—Bond O f f e r i n g —Proposals will be rejv«-| until Jar, j, J.H 7 by E. R Matthews, City Clerk, for
J
the purring ,d s i '/ p >of 9 fwr cent gold bonds, ’ The securitle - wilt >- dated July 1, l sl>7, interest will be payable semiT on tbi fii.; ilath of Januruy and July and the princi}tau di rnatur- July 1, 1927. both principal and interest belog p ;a* P - > ..• Me.-t./jni'-, Naiioual Bank of New York
>
d tv .
!'id for 1 »J than par will tm considered, and each
.
prCpr > uui-l ■
•
■
impanit-d by a certified check for 5 per
> -id.
I ntlUo* - B o n - i y , u t, —The Finance Btard of the State of
ha« d rd aid to x x m the tkurplta money in the sinking
x
t n m l for tJ
be
motion o f the State University bonds,
u m e m n U n g on tfufv f ail to §140,*
'
and bearing 0 per cent
! » tArest* A t K *m York firm off«?re to sell the State 1100,000
. <
ofr.red
ip#
o f St&t*? bott.de t ch it holds at 99, which
m ® p m k U m ir It I*
du! Hot r«t'«t with approval of the
h m kL
TIn1 f*€rofii!*.* held h f thfj firm bear 8 per cent interini, & 1 rii.it;art in I W , ««hjeet- to tall in 1899.
ik
Jrff; r*‘> ( minty, le v a -. - B o m U A u t h o r i z e d .—The County
n
-.tam i-. n t- have authorised an Issue of $5,000 of court
L o s A n g e le s , C a l .— B o n d S a te.— T he " B m o n N e w s B u r e a u ”
r e p o r t s th a t th e $270,009 o f 4 p e r c e n t g o ld r e fu n d in g b o n d s
o f L o s A n g e le s w e r e a w a r d e d t o E. H . R o llin s & S o n s o f
B o s to n . T h e s e c u r itie s a r e d a te d J u n e 1, 1897 ; in t e r e s t is
p a y a b le eem i a n n u a lly o n th e first d a y s o f J u n e a n d D s c o m
b er, a n d th e p r in c ip a l w ill m a tu r e a t th e ra te o f $0,750 p e r
a n n u m , b e g in n in g w it h J u n e 1, 1898. T h e b o n d s a r e o f th e
d e n o m in a t io n o f $250 a n d $500, a n d w ill b e p a y a b le , b o t h
p r in c ip a l a n d in te r e st, a t th e o ff ic e o f th e C it y T re a s u r e r o f
L os
s«
M a b e l, M i n n .— B o n d S a le:— O n M a y 14, 1897, th e v illa g e o f
M abel s o ld §5.000 o f 6 p e r c e n t w a t e r -w o r k s b o n d s to J o h n
J a c o b s o n o f H a r m o n y , M in n ., f o r $5 075. A b id o f $5,055
w a s r e c e iv e d f r o m J . C , N o r to u , o f S t. P a u l, .Minn.
T h e se c u r itie s a re o f th e d e n o m in a t io n o f $500 e a c h ; in te r
est is p a y a b le s e m i-a n n u a lly a n d th e p r in c ip a l w ill m a tu r e a t
th e r a t e o f $500 o e r a n n u m f r o m 1907 to 1916 in c lu s iv e .
M a t c h 8 t e r , Y a . — B o n d S a le . — T h e $75,000 o f 5 p er c e n t
c o u n o n b o n d s o f th e C it y o f M a n c h e ste r w e r e a w a r d e d t o W .
J. H a y e s & S o n s o f C le v e la n d , O h io , a t 102-53 1-3. T h e o t h e r
b id s r e c e iv e d w e r e :
Parson. Leach & Co., New Turk, S f.T ............. .............. ................ 101-250
Sperry, Jones & Co.. Baltimore, Mil................................................. 101*170
A. J. Bradley, Manchester, V'a.......................................................... 100*125
T h e s e c u r itie s w ill m a tu r e in f r o m te n t o t h ir t y -f o u r y e a r s
fr o m d a le o f issue.
M a r lo n (1 1 1 ) S c h o o l D i s t r i c t .— B o n d O f f e r i n g — P r o p o s a ls
w ill b e r e c e iv e d u n til 1 o ’c lo c k p. m . J u ly 1, 1897, fo r th e p u r
c h a s e o f $R,000 o f s c h o o l b u ild in g b o n d s o f t his c it y . T h e
s e c u r itie s w ill he o f t h e d e n o m in a t io n o f $1,000. They- w ilt b e
d a t e d J u ly 1, 1897, in terest a t th e r a te o f 5 o r 0 p e r c e n t w ill
b e p a y a b le a n n u a lly a t th e B a u k o f M a r io n , a n d th e p r in c ip a l
w ill m a tu re a t th e r a t e o f $1,000 y e a r ly . M a r io n h a s n o
d e b t a t p r e s e n t ; its la te st assessed v a lu a tio n w a s $ 2 8 0 ,0 0 0 ;
t h e real v a lu a tio n is e s tim a te d a t a b o u t $2,000,000. T h e p o p
u la tio n is a b o u t 3,000.
M a r s h a l lt o w n ( l a .) I n d e p e n d e n t - S c h o o l D i s t r i c t .— B o n d
S a le .— O n M a y 1:5, 1897, th e $57,000 o f i } 4 p e r c e n t s c h o o l
b o n d s o f Him d is tr ic t w e r e a w a r d e d to N, W , H a rr is & C o , o f
C h ic a g o , 111., a t a p r e m iu m o f $860.
T h e o t h e r b id s r e c e iv e d w e r e :
First National Bank, Chicago, III...................... ............................. $57,856
Parson, L»aoh 4s Co., Oh ea-m. I l l .................. - ............................ 57,835
Rimoiph K leybolte >v Co., Cincinnati, O h io.................................. 57,825
Chas K. Bauuem . CounoU Binffi, l a ............................................... 57,675
Trow bridge & Co,. Chicago, 111............................. ........................ 57.575
VV. J. H a; os & Sons. Cleveland, O hio.............................................. 57.864
1ho Lanuireelit Bros, Co., Clove aud, uh io ................................... 57,027
S. A . Kean, Chicago, I I I ...................... ....................... ........ .............. '57 ,0 0 0
Campbell, Wild 4s Co., Indianapolis, T od....................................... "67,000
.Tax. W. Luigstrect. 4s Co., Boston, Mass......................................... 101-05
* And blank bonds.
In te r e s t o n th e s e c u r itie s is p a y a b le s e m i-a n n u a lly a n d th e
p r in cip a l w ill m a tu r e i n ten y e a r s fr o m d a te o f issu e, s u b je c t
to c a ll a lt e r fiv e y e a r s.
M a r t in . T e n t h - B o n d S a lih — T h e c it y o f M a rtin h a s s o ld
$25,000 o f 6 p er c e n t w a te r b o n d s
T h e se c u r itie s a re o f rite
d e n o m in a t io n o f $1,000 e a c h ; in te re st is p a y a b le a t th e o ffice
o f th e O ily T re a su re r o ' M artin a n d t h e p r in c ip a l w ill m a tu r e
in t w e n t y y e a r s fr o m d a te o f issu p .
M iissa c liu n e tts.— B o n d s A u t h o r i z e d — I t is r e p o r t e d t h a t
* 1 ,000,000 o f p a t k , $800,000 o f h ig h w a y , $315 0 )0 o f s e w e r ,
$120,000 o f a r m o r y a n d $25,000 o f in s a n e a s y lu m b o n d s o f th e
S la te o f M a ssa ch u setts h a v e b e e n a u th o r iz e d .
,ttn y v ille , N, Y .— B o n d O ffe r in g ,— P r o p o s a ls w ill b e r e
c e iv e d u n til 8 o ’c lo c k p. M .,,ju n e 1, 1897, b y th e v illa g e o f
M a y v ille fo r th e p u r c h a s e o f $10,000 o f e le c ir ic -lig h t b o n d s ,
T h e se c u r itie s w ill b e o f th e d e n o m in a t io n o f $1,000 e a c h a n d
w ill bea r in te r e s t at th e ra te o f 4 n r c e n t .
M i d d le s e x C o u n t y , M a ss.— T e m p o r a r y L o a n ...-M id d le s e x
C o u n ty h a s a w a r d e d a s ix m o n t h s ’ lo a n o f $100,000 to F . S.
M osely & C o ., o f B o s t o n , M ass., a t a d is c o u n t o f 2-85 p e r c e n t
a n d $1-25 p r e m iu m . T h e o t h e r b id s r e c e iv e d w e r e :
M 22, 1897,]
ay
THE
C H R O N IC L E ,
B a te o f
d is co u n t.
B on d & Goodwin, Boston, M a s s ...,........................................................2*92
E dgerly & Crocker, Boston, M ass............................................................ 2-99
N ew England Trust Co., Boston, M a s s ..................... ........ ................. 3 CO
E. H. R ollins & Sons, Boston, Mass......................................................... 3*03
M i c h i g a n C it y , I n d . — B o n d O ffe r in g .— O n J u n e 1 , 1897,
M ic h ig a n C ity w ill sell $7,000 o f 5 p e r c e n t s c h o o l b o n d s . T h e
se c u r itie s t r ill b e o f th e d e n o m in a t io n o f 8200 e a c h ; in te re st
w ill b e p a y a b le a n n u a lly , a n d th e p r in c ip a l w i l l m a tu r e a t th e
r a te o f 81,400 p e r a n n u m f r o m 19C0 t o 1904, in c lu s iv e , b o th
p r in c ip a l a n d in te r e st b e in g p a y a b le a t th e o ffic e o f th e C ity
T rea su rer o f M ic h ig a n C ity ,
M i l f o r d , D el,-—-Bowd O f f e r i n g .- P r o p o s a ls w ill b e r e c e iv e d
u n til 12 o ’c l o c k n o o n , J u n e 15, 1897, b y I s a a c S . T r u it t , P re s i
d e n t o f th e T o w n C o u n c il, f o r t h e p u r c h a s e o f 842,000 o f 4 p e r
c e n t r e fu n d in g b o n d s .
T h e s e c u r itie s w i l l b e o f th e d e n o m
in a tio n o f $1,000 e a c h ; in te r e s t w ill b e p a y a b le
o n th e first d a y s o f J a n u a r y a n d J u ly
s e m i-a n n u a lly
a t th e F ir s t N a t io n a l
B a n k o f M ilfo r d a n d th e p r in c ip a l w ill m a tu r e in th ir ty y e a rs
f r o m d a te o f issu e, s u b je c t to c a ll a fte r te n y e a r s .
T he bonds
w i l l b e e x e m p t f r o m a ll S ta te , c o u n t y a n d m u n ic ip a l t a x a t io n
a n d a re t o b e issu ed f o r th e r e d e m p tio n o f the p re s e n t l ig h t a n d
w a t e r lo a n .
E ach
p r o p o s a l m u st b e a c c o m p a n ie d b y a c e r t i
fie d c h e c k f o r 1 p e r c e n t o f th e a m o u n t b id fo r .
T h e o ffic ia l n o t ic e o f th is b o n d o ffe r in g , c o n t a in i n g a s ta te
m e n t o f th e to w n ’s fin a n c ia l c o n d it io n a t th e p r e s e n t tim e , w ill
be fo u n d
am ong
th e a d v e r tis e m e n ts e ls e w h e r e i n
th is D e
p a r tm e n t.
M ilw a u k e e , W i s .— B o n d S a le. — O n M a y 18, 1897, th e
8200,000 o f 5 per c e n t lib r a r y aDd m u s e u m c o u p o n b o n d s o f
ih e c ity o f M ilw a u k e e w e r e a w a r d e d to S e y m o u r B ro s. & C o ,
o f N e w Y o l k C ity , f o r 8324,550, T h e o t h e r b id s r e c e iv e d
w ere:
NY
1018
at th e ra te o f $10,000 e v e r y fiv e y e a r s , b e g in n in g w it h M a y 1,
1907.
N a v s j o C o u n t y , A . T .— Sale P o s t p o n e d .—- M l b id s r e c e iv e d
f o r th e p u r c h a s e o f t h e $12,000 t o $15,000 o f c o u r t h o u s e a n d
j a i l b o n d s o f N a v a jo C o u n t y w e r e r e je c t e d a n d th e t im e f o r r e
c e iv in g p ro p o sa ls w a s e x t e n d e d t o J u n e 14, 1897, a t 13 o ’ c lo c k
m o d . T h e s e c u r itie s a re t o b e a r in te re st a t a r a te n o t e x
c e e d in g 6 p e r c e n t , p a y a b le se m i-a n n u a lly .
N e v a d a C o u n t y (C a l.) S c h o o l D i s t r i c t — B o n d S a le .— T h e
$10,COO o f 6 p e r c e n t g o ld s c h o o l b o n d s o f th is d is tr ic t w e r e
a w a r d e d t o th e C itiz e n s ’ B a n k o f N e v a d a C ity , C a l., f o r
$10.3*10. T h e o t h e r b id s r e c e iv e d w e r e :
Oakland Bank of Savings, Oakland, Cal...................... ...............$10,253
De Van & Co., Los A ngeles, C a l .......... ................... ...................... 10,102
T h e s e c u r itie s a r e o f th e d e n o m in a t io n o f $1,000 e a c h ; in te r
est is p a y a b le a n n u a lly o n th e first M o n d a y in J u n e a t th e
o ffic e o f th e C o u n t y T re a su r e r in N e v a d a C ity , C a l,, a n d th e
p r in c ip a l w ill m a tu r e a t th e r a t e o f $2,000 p e r a n n u m o n t h e
first M o n d a y in J u n e f r o m 1898 to 1903 in c lu s iv e .
N e w B a r b a d o e s T o w n s h ip (N . J ,) S c h o o l D i s t r i c t .-—B o n d
O ffe r in g .— P r o p o s a ls w ill b e r e c e iv e d u n til 8 o ’ c lo c k p . it, J u n e
1, ny G e o r g e N . C o m e s , D is t r ic t C le r k , f o r th e p u r c h a s e o f
S13,351 o f 5 p e r c e n t s c h o o l b o n d s . T h e se c u r itie s w ill b e
d a te d M ay 1, 1897 ; in 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 a lly
a n d th e p iin c ip a l - ill m a tu r e as f o l l o w s : $1,351 in 1905 a n d
$12,000 at th e ra te o f $3,000 p e r a n n u m f r o m 1906 to 1911, in
c lu s iv e . T h e bo'nds w ill be o f th e d e n o m in a t io n o f $500 each,,
e x c e p t o n e b o n d f o r $351. N o b id f o r less th a n p a r a n d a c
c r u e d in te r e s t w ill b e c o n s id e r e d , a n d e a c h p r o p o s a l m u st ba
a c c o m p a n ie d b y a c e r t ifie d c h e c k f o r 3 p e r c e n t o f th e a m o u n t
bid fo r .
N ew B e d f o r d , M a s s .— B o n d S a le.— T h e c ity o f N e w B e d
fo r d h a s so ld $52,000 o f 4 p e r c e n t g o ld w h a r f b o n d s to th e
C o m m issio n e rs o f S in k in g F u n d s . T h e s e c u r itie s are d a te d
M ay 1, 1897; in fe r t s t is p a y a b le s e m i-a n n u a lly o n th e first
d a y s o f M a y a n d N o v e m b e r a n d t h e p r in c ip a l w ill b e c o m e
d u e in th ir ty y e a r s f r o m d a te o f is s u e , b o th p r in c ip a l a n d in
terest b e in g p a y a b le a t th e o ffic e o f th e C it y T re a s u r e r o f
N e w B e d fo r d .
N ew O r le a n s , L a .— B o n d O ffer in g — T h e B o a r d o f D r a in a g e
C o m m is s io n e rs o f th e c it y o f N e w O rle a n s p ro p o se s to issu e
.fr o m $1,350,000 t o §1,500,000 o f d r a in a g e im p r o v e m e n t b o n d s ,
fo r th e p u r ch a s e o f w h ic h b id s w ill p r o b a b ly b e r e c e iv e d u n t il
J u n e 14, 1897.
N e w t o w n (V . Y .) U n i o n F r e e S c h o o l D i s t r i c t N o . 2 . —B o n a
S a le .— T h e $15,000 o f 4 p e r c e n t s c h o o l b o n d s o f th is d is tr ic t
w e r e a w a r d e d t o E . D . S h e p a r d & C o ., o f N e w Y o r k C ity .
T h e o th e r b id s r e c e iv e d w e r e :
Farson, Leacb & Co.. Chicago, 1 1 ........ ....... ................................ .
1
£221,300
223,55*5
Edw. C. Jones Co.. New York.
...............................................
223,420
Rudolph Kleybolfce & Co., Cincinnati, Ohio............................ .
E. H. Hollins Sons. Boston, Mass................ ............... ......
223,078
2*3,060
Illinois Trust & Savings Bank and Mason, Lewis & Co., Chicago, 1 1
1.
223,024
Parkinson A Bnrr, Boston, Mass. ........... ........ ............... .......
222,880
Blodget, Merritt & Co., Boston, Mass — .............. ...................... ..
Esfcabrook &
Boston, Mass............ — ... — .............. —
222,700
222,515
I).
Howland, Boston, Mass ..... ....... .— ............................... .
222,400
Chas. Schley Co., Milwaukee. Wis.......... ............................ .
222.300
Blake Bros, & Co. and it. J . Day Co., New York, N. .........
L
22l.*2Q
N. W. Harris & Co., Chicago. I l l ............ .............. .......... ............. .
2M.580
The Laraprecht Bros. Co., Cleveland, Ohio.................................. ..
221,437
W. J. Hayes & Sons, Cleveland, Ohio................................ . — .
220,810
Adams Co,, Boston. Mass............................................... .
220,776
D. Shepard & Co., New York, N. Y.................... ............... .
220,* 80
E. Morrison, New York, N. Y. — ........................ ...................... .
212,600
S- A. Kean, Chicago, 1 1
1
Geo. M. Hahn, New York........ .103*270
Blake Bros'. Co. and B. L- Day Co., New York, for registered bonds 223.300 N. W. Harris & Co., New York. .104*030 The Lampreeht Bros. Co., Cleve
Leland, Towle &
241,270 Walter Stanton Co., Boston.... 103*975 land, Ohio---- --------- ----------103‘250
Bertron AStorrs, New York. N. Y., for registered bonds............... .
Co,, N. Y..... L 3*0?O
O
T h e se c u r itie s are o f th e d e n o m in a t io n o f -$1,000 e a c h , d a ted Seymour Bros, Co.. N. Y.......103*810 W. J. Hayes Sons, Boston .. .103* 170
Farson, Leack.& Co.. New York.l0H*783 Isaac W. Sherrill. Poughkeepsie.l02*958>
J a n , 1. 1897; i D t m s t is p a y a b le e e m i-a n n u a lly o u th e first C. H. White & Co.. New York...103*700 I Ben well & Everitt, New York. .102*870
d a y s o f M a y a n d N o v e m b e r a n d th e p rin c ip a l w ill m a tu r e at Bertron & Storrs, New York — 103*s00 : Daniel A. Moran & Co., N. Y— 102*789 •
Rudolph Kieybolte A Co., N. Y.103*310 I Street. Wykes & Co., New York.lOITTO
th e ra te o f 810,000 p e r a n n u m f r o m M a y 1, 1898 to 1917, in E. Morrison, New York........ .. .103*290 ! Edward C. Jones Co., N. Y
r....... 100*650'
&
C
W.
E.
Sc
Y
&
Sc
&
&
&
c lu s iv e . P r in c ip a l a n d in te r e s t a re p a y a b le a t th e o ffic e o f th e
C it y T re a su re r o f M ilw a u k e e o r a t the o ffic e o f M o r t o n , B liss
& C o ., N e w Y o r k C ity .
T h e “ E v e n in g W is c o n s in ” o f M ay 19 sa y s : “ T h e $24,550
o f p r e m iu m r e c e iv e d b y th e c i t y fo r t h e lib r a r y a n d m u se u m
b o n d s a t y e s t e r d a y ’s sa le w ill g o in t o th e fu n d f o r r e tir in g
b o n d s . T h e r e s o lu t io n w h ic h d ir e c t e d t h a t m o n e y s r e c e iv e d
in th is w a y s h o u ld be se t a sid e a s a fu n d w it h w h ic h t o b u ild
a m u n ic ip a l e le c t r ic -lig h t in g p la n t h a s b e e n r e s c in d e d . T h e re
a r e s e v e r a l b o n d o r d in a n c e s n o w b e fo r e th e C o m m o n C o u n cil
th a t w i l l s o o n b e p a sse d , a n d e r e lo n g th e C o m m is s io n e rs o f
P u b lic D e b t w ill h a v e a sa le o f t w o o r th r e e h u n d r e d t h o u s a n d
d o lla r s ’ w o r t h o f s e c u r it ie s .”
M in n e a p o l i s , M i n n .— B o n d O ffer in g . — P r o p o s a ls w i l l b e r e
c e iv e d u n t il 2 o ’c l o c k v . m . M a y 28, 1897, b y th e C o m m it te e
o n W a y s a n d M ea n s o f th e C it y C o u n c il, c a r e o f W a l l a c e G
N y e , C ity C o m p t r o lle r , f o r th e p u r ch a s e o f $400,000 o f 4 p e r
c e n t w a te r b o n d s a n d $100,000 o f 4 p e r c e n t s c h o o l
bonds.
T h e s e c u r itie s w ill b e o f th e d e n o m in a t io n o f $ 1 ,0 0 0 e a c h ,
d a te d J a n u a r y 1, 1897 ; in te re st w i l l b e p a y a b le s e m i-a n n u a lly
o n th e first d a y s o f J a n u a r y a n d J u ly , a n d th e p r in c ip a l w ill
m a tu r e o n J a n u a r y 1, 1927, b o th p r in c ip a l a n d in te r e s t b e in g
p a y a b le a t th e fis c a l a g e n c y o f th e C ity o f M in n e a p o lis in
N e w Y o r k C ity . E a c h p r o p o s a l m u s t b e a c c o m p a n ie d b y a
c e r t ifie d c h e c k f o r 2 p e r c e n t o f th e a m o u n t b id fo r .
T h e officia l n o t ic e o f th is b o n d o ffe r in g w ill be f o u n d a m o n g
th e a d v e r tis e m e n ts e lsew h ere in th is D e p a r tm e n t.
M o u n t M o r r i s , N. Y .r - B o n d O ffe r in g .— P ro p o sa ls w ill b e
r e c e iv e d u n til 8 o ’c l o c k p , M., J u n e 2, 1897, b y th e t o w n o f
M o u n t M o n i s fo r th e p u r ch a s e o f $5 5U0 o f b o n d s . B id s t o b e
m a d e on th e ba sis o f th e b o n d s b e a rin g 4 p e r c e n t a n d 4J^
p e r c e n t in te r e st. T h e se* u ritit s w i l l be o f th e d e n o m in a t io n
o f $500 e a c h ; in te r e s t w ill b e p a y a b le s e m i-a n n u a lly o n th e
te n th d a y s o f J u n e a n d D e c e m b e r a t th e o ffic e o f B in g h a m
B r o s ., M o u n t M o rris, a n d th e p r in c ip a l w ill n a t u r e a t th e
r a t e o f $500 p e r a n n u m , b e g in n in g w it h D e c e m b e r 10,
1897.
S S -M u n isin g, M i c h .— B o n d O ffe r in g .— T h e v illa g e o f M u n is in g
a sk s f c r p ro p o sa ls u n til 12 o ’c l o c k n o o n , M a y 31, 1897, f o r th e
p u r c h a s e o f $30,000 o f a p e r c e n t w a t e r -w o r k s b o n d s. T he
se c u r itie s w ill b e o f th e d e n o m in a t io n o f $500 e a c h , d a ted
M a y 1 , 1897; in te r e s t w ill b e p a y a b le a n n u a lly a t th e o ffice
o f th e V illa g e T re a su re r o r a t a n y b a n k in C h ic a g o o r N e w
Y o r k , as th e p u r ch a se r m a y d e sire . T h e b o n d s w ill m a tu r e
&
T h e s e c u r itie s a re o f th e d e n o m in a t io n o f $1,000 e a c h , d a te d
J u l y ] , 1897; in te re st is p a y a b le s e m i a n n u a lly o n th e first
d a y s o f J a n u a r y a n d J u ly , a n d th e p r in c ip a l w ill m a tu r e a t
th e ra te o f $1,000 p e r a n n u m f r o m J u ly 1, 1904, to 1918, in
c lu s iv e .
N ew Y o r k C it y , N. Y .— B o n d s A u t h o r iz e d .— T h e b ill p r o
v id in g f o r th e is s u a n c e o f $8,500,090 o f b o n d s f o r th e i m
p ro v e m e n t o f B r y a n t P a r k aD d th e c o n s t r u c t io n o f a p u b lic lib r a r y b u ild in g t o c o n t a in th e L e n o x , T ild e n a n d A s t o r
lib ra rie s h a s b e e n s ig n e d by th e G o v e r n o r .
N o r t h a m p t o n , M a s9. — T e m p o r a r y
L o a n .— T h e
c it y o f
N o r th a m p to n h a s a w a r d e d a te m p o r a r y lo a n o f $50,000 t o
F. S. M o se ly & C o . o f B o s t o n , M ass., a t 2 90 p e r c e n t a n d a,
p r e m iu m o f $1 35. T h e o t h e r bid s r e c e iv e d w e r e :
R a te
P . O.
P rernium .
Bond & Goodwin, Boston, M a s s .................................... 3*00
$4 00
Edgerly & Oroolter. Boston, M ass.................................... 3*10
100
Curtis & M otley, Boston Mass.......................................... 3*10
....
Adams & < o., Boston. M ass............................................... 3*20
___
Bay 8tate Trust Go.. Boston, M ass,.................................. 3*125
5 00
Blodget, Merritt & Co., Boston, M ass........................... 3*25
3 OO
T b e loa n m a tu res N o v e m b e r 1, 1897.
O c e a n C it y , N. J .— B o n d s A u t h o r iz e d .— T h e p e o p le o f
O c e a n C it y h a v e a u t h o r iz -d th e is s u a n c e o f b o n d s t o th e
a m o u n t o f $40,000 f o r th e c o n s t r u c t io n o f a n e w b o a r d w a lk
a lo n g t h e o c e a n fr o n t , la y in g d ra in s in fo u r a v e n u e s a n d f o r
a n a d d itio n to th e s c h o o l-h o u s e .
O g d P n , U t a h .— B o n d O ffer in g . - P r o p o s a ls w ill b e r e c e iv e d
u n til 4 o ’ c lo c k v . h . J u n e 13, 1897, b y E d w a r d H . A n d e r s o n ,
C ity R e c o r d e r , f o r t h e p u r ch a se o f $81,000 o f 5 p e r c e n t f u n d
in g g o ld b o n d s . T h e se c u r itie s w ill b e d a te d A p r il 1, 1897;
in terest w ill b e p a y a b le s e m i-a n n u a lly at th e C h a se N a t io n a l
B a n k o f N e w Y o r k C it y , a n d th e p r in c ip a l w ill m a tu r e in
t w e n t y y e a r s fr o m d a te o f issu e, s u b je c t to c a ll a f t e r te n
y ea rs.
B o n d E le c t i o n .— O n J u n e 8, 1897, th e c itiz e n s o f O g d e n w ill
v o te o n a p r o p o s it io n to issu e w a t e r -w o r k s a n d e le c t r ic -lig h t
b o n d s to th e a m o u n t o f $250,000.
«
O y s t e r B a y , N. Y.— B o n d O ffe r in g .— P r o p o s a ls w ill b e r e c e iv o d u n til 1 o ’c l o c k p .*m . M ay 36, 1897, b y S a m u e l J. U n d e r
h ill, T o w n S u p e r v is o r, f o r th e p u r ch a se o f 150,000, 4 p e r c e n t
b o n d s . 1 b e s e c u r itie s w ill b e o f t h e d e n o m in a t io n o f $500
e a c h , a n d w ill b e c o m e d u e J u n e 1, 1937. E a c h b id m u s t b e
a c c o m p a n ie d b y a c e r t ifie d c h e c k f o r $5,000. T h is lo a n is p a r t
o f a n a u th o r iz e d issu e o f $800,000. T h e p re s e n t b o n d e d d e b t
o f O y ste r B a y is $28,000 a n d th e assessed v a lu a tio n $5,000,000.
P a t c h o g n e , N . Y .— B o n d O ffe r in g .— P r o p o s a ls w ill he r e
c e iv e d u n til 11 o ’c lo c k a , M., M a y 39, 1897) b y A r l in g t o n H .
THE
1014
IVol, LXIV.
C H R O N IC L E .
(J iieen s, N. V.— B o n d s A u t h o r i z e d .— S c h o o l b o n d s to th e
a m o u n t o f $50,000 h a v e b e e n a u th o riz e d .
R o m e o , .R ic h .— B o n d s A u t h o r i z e d .— T h e c it iz e n s o f th e
v illia g e o f R o m e o h a v e v o t e d in f a v o r o f a p r o p o s it io n to
issu e e le c t r ic -lig h t b o n d s .
S a g in a w (M ic h .) U n i o n S c h o o l D i s t r i c t .— B o n d S a le .— I n
A p r il, 1897, $3,000 o f -t’ f p er c e n t s c h o o l b o n d s o f t h is d is tr ic t
w e r e a w a r d e d to W . J . i l x y e s & S o n s , o f C le v e la n d , O h io , fo r
$5,1*35. T h e b o n d s w ill m a tu r e A u g u s t 1 ,1 9 1 5 , b o th p r in c ip a l
a n d in t e r e s t b e in g p a y a b le a t th e C h e m ic a l N a iio n a l B a n k o f
N e w Y o r k C ity .
S c o i la u i l C o u n t y , J l o .— B o n d ( M L — F iv e p e r c e n t b o n d s o f
this c o u n t y , n u m b e r e d fr o m 1 t o 310 in c lu s iv e , d a t e d M a y 12,
1892, a n d n u m b e r s 311 to 317 in c lu s iv e , d a t e d M a r c h 16, 1809,
h a v e b e e n c a lle d f o r r e i n n p t i o n ; in te r e s t ce a se s J u n e 1, 1807,
T h e b o n d s a re a l! o f t h e d e n o m in a t io n o f $1,000.
S h a r o n S p r in g s , N . t . — S a le P o s t p o n e d . — A l f r e d W ,
G a r d n e r , C h a ir m m o f th e W a t e r C u n m is s io n e r s , r e p o r t s to
th e C H aoK lO LB t h a t t h e s a le o f $30,000 o f w a t e r b o n d s
w h ic h w a s to h a v e ta k e n p la c e M a y 18, 1897, h a s b e e n p o s t
p o n e d b e c a u s e th e y a re at p re s e n t n o t p r e p a r e d to g o o n w i t h
th e w a te r w o r k s .
S o u t h p o r t (N . Y ) S c h o o l D i s t r i c t N o, i . — B o n d S a le —
O n M ay 15, 1897, th e $5 ,5 K) o f 5 p ar c e n t s c h o o l b o n d s o f th is
d is tr ic t w e r e a w a r d e d to W a lt e r 8 a u to i & G o. o f N e w Y o r k
C ity a t 107*53, T h e o t h e r b id s r e c e iv e d w e r e :
W. J. Hayes & Bone, Cleveland, Ohio ...............................................105-85
Isaac *V. Sherrill, Poughkeepsie, N. Y ................................................105-59
J. O. Wells, Southport, N, Y ................................................................ 104*00
Daniel A. Moran & d o., S ew Y'ork, X. Y ................... ........................ 100*75
Betuvell & Everitt, New York, N. Y ......................................... ..........100 00
I n t e r e s t o n t h e s e c u r it ie s is p a y a b le a n n u a lly a n d th e p r in
c ip a l w ill m a tu r e in fr o m
t o l~>]£ y e a r s f r o m d a te o f issu e.
S p o k a n e , Vi s i b . — B o n d s D i f e a t e d .— T n e p r o p o s it io n to is
su e $208,000 o f b o n d s w a s n o t c a r r ie d a t a n e le c t io n h e ld r e
v.. J. Hayr * .v >uis*. Cleveland.........................................................100*80 c e n t ly in S p o k a n e .
I*. CVlllo*, Anna. P a................................................................................ 100*75
S y r a c u s e , N . Y .— Bond S a le .— O a M a y 1 7 ,1 8 9 7 , w a te r b o n d s
.- J,
P isois.tawney. P a ............................
100*50
<*y, P a........................................................... 100-35 o f th is c i t v to th e a m o u n t o f $100,009 w e r e a w a r d e d to M essrs,
Tim s e c u r itie s b e a r in te re st a t t h e ra te o f 4 p e r c e n t an d B lo d g e t . M e rritt & C o , a t 102*23, T h e list o f b id s r e c e iv e d is
w ill m a tu re in t h ir ty y e a r s fr o m d a te o f issu e, s u b je c t to as fo llo w s :
Blodget, M erritt & Co., B oston ..........................................................102*280
c a ll a ft e r e ig h t r e a r s.
Y
.................................................................102-120
!>. is re p o rte d that an issu e o f $14,150 o f r e fu n d in g b o n d s . li. C.'Jones C o„ Newew ork rk ..............................................................102 110
Rinke Bros. & Co,, N
Yo
w ill b e m a d e la te r.
N, W. Harris & Co., New Y ork ..... ...................................................... 102-070
’
C ar
Vfibijcft C itric, fo r th o p u r c b a s e o f $*20,000 o f -I p t r
0«?>H bell i- , l hr ■, -urtUM w ill lie o f th e d e n o m in a t io n o f
ti'ttV t t-ach,'ioii-rt-si w ill b e p a y a b le a n n u a lly an d th e p r ia f- ;
w ill a •Hire at th e rate o f f 3,000 p e r a n n u m fr o m J a n .
j ,$ qq to jprt». in c lu s iv e .
* I’ h.t-af x . A rt*.-—
A u t h o r iz e * , —1 he o it f* -na o f P n m a ix
T
h a re v ote i in fa v o r o f a p r o p o s itio n t o w sua $30,000 o f tw e n ty *
y e w h i^ h -r cb o o l b on d*.
P o r t la n il, M e.— B o n d O ffer in g . — P ro p o sa ls w ill be r e c e iv e d
until 12 o 'c lo c k n o o n J u n e 18. 1897. b y th e C o m m it te e o n
Pi ,
,it th e o ffle e o f U -eorge H . L ib b y , C ity T re a su r e r , f o r
the p u rch ase o f $150,(11*0 o f 4 p e r c e n t g o ld r e fu n d in g b o n d s ,
T ae se cu ritie s " ill be datcel J u ly 1, 1397 ; in te r e s t w ill be p a y
able m: m i n u u t u lt y o n th e first d a y s o f J a n u a r y a n d J u ly a n d
tin p r in cip a l w ill m a tu r e J u ly 1. 1912. T h is lo a n w ill b e
i*wu..,j in sh<> fo r m o f c o u p o n jb o n c ls o f $1,000 e a o b , w it h in u r v ? i p a y a b le at the N a tio n a l B a n k o f R e d e m p tio n o f B o ston
r,r
Mi n i.
N itm m il B a n k o f P o r t la n d , o r in th e fo r m
Q{ reg istv iv d ? o m !» o f $590, o r a m u lt ip le t h e r e o f, in te rest to
' • m a im s :! i>y c h e c k t o th e o w n e r a s it b e c o m e s d u e i f so
M ied, T h c -ti'b o n d s a r e to r e fu n d $ 180,000 o f th e $197,000
! e n d s « in ch b e c o m e d u e J u ly 1, 1897, th e r e m a in d e r, $47,009. to be paid fr o m th e s in k in g fu n d .
P o r t R i c h m o n d , S. Y .) U n io n F r e e S c h o o l D i s t r ic t .—
JAmii* P n iik H 'tl.— I h e c itiz e n s o f th is d is tr ic t h a v e u n d e r
c o b s id e r a iio u a
p r o p o s it io n
to issu e $18,000 o f s c h o o l
bond#.
P o r t k iu o n th , O h io ,— B o n d O ffer in g .— P r o p o s a ls w ill b e re« . i v . d u n til M ay 27, 1397, b y T . C . B e a tty , C le r k o f th e S c h o o l
B * .sd . fo r th e p u r ch a s e o f $9,000 o f s c h o o l b o n d s . In te r e st
- ib i s -c u iiiif * w ill be p a y a b le a t th e r a te o f -I £ p e r ce n t.
P u e x M ita m ie y , P a . — B o n d
— O n S la y 1 3 , 1897, bonds
o f this b o r o u g h to th e am ou nt o f $8,000 w ere aw arded to the
■mss C o . at 101*25, T h e o t h e r b id s r e c e iv e d w e r e :
& 8>g
Month
Sale.
NEW LOANS.
* * , - * 0 0 , 0 0 0
J8» 1 5 0 , 0 0 0
'
CITY OF
I N D I A N A P O L I S ,
M I N N E A P O L I S , M I N N ,
4
Water-Works and School
Bonds.
.i city
>
L Ml nn„ A!ay 16 1897, )
ist,
*
li tie riM
X'ivctt at the offices of
tdler* -Minneapolis, Minnesota, until
EYiAnj ,
2$*
Jot four bunirkiIII* ad}*. anti one Imndred Sebbo*
i
l
h
O OOI t*n© thoUMUd
•aid a
m
are Sated Jsimmr? 1 *
81*7
*r interest- at Tour per
inualiy la Now York Citv. Bids
either Ijm ic any part thereof
iu
O a nattonai blink for two per
b
U
s®
rattte
the bonds hid for must
be addressed
K»ML Bid:#
md Means of the City
of tin
The Committee
fb® right
any or nil bids. A dreyUiformatirr « for bidders will he
full i
>
«3upon anplication to
pm
of
or
mmt
mt**
to
mmm
WA
NEW LOANS.
____NEW LOANS.
? Comptroller.
$
IN D .,
Public Safety Bonds o f 1897.
Department of Finance,
1
Office of the C y C
it
omptroller,
I ndianapolis , Ind . j
Sealed bide will lie received by the city of Indian,
apolts, Indiana, until Thursday, the twenty-seventh
day of May, 1
at 12 o’clock M. for the whole- or
any part of $130*000 Indianapolis Public Safety
Bonds of 3897 of said City. Saia bonds wili be des
ignated “Indianapolis Public Safety Bonds of if-97” ;
wilt b(? dated June 3, 1897, and be of tbe denomina
tion of $3
each, with Interest coupons attached;
will bear interest at the rate of four (4) per cent per
annum, payable semi-annually on the first day of
January and the fhst day of July of each year. Tile
first coupon on each bond to be for one month's in
terest only, or from June 1st to July 1st, 1897. The
principal is payable on January 1, 1927, and both
principal and interest are payable at the banking
house of Winslow, Lanier & Company, New York
City. Bids for the purchase of •
said bonds should be
endorsed “ Proposals for Indianapolis Public Safety
Bonds ”, and directed to the City Comptroller,
Indianapolis, Indiana. Bidders may bid for ail or
any part of said bonds.
The proposals will be opened by the City Cotnptrol*er. at his office, on the 27th day of May, 3897.
between the hours of 12 o’clock M. and 2 o’clock
M.. and said Comptroller will thereupon award
-f,id bonds, or, if he shall see lit. a part or any number
thereof, to the highest and best bidder therefor,
said Comptroller shall u »ve the full right to
reject any and all bids, or proposals, or any part
'thereof, and shall have the right to accept part of
am bid, and to award upon any bid the whole or any
number of bonds covered by such bid, he being
tb*.' 'tee Judge of the sufficiency or insufficiency of
any Wd, excepting only that no tutor! shall be sold at
pf* Jlfun par and accrued interest. Me may also In
id judgmet%nnd discretion award a part of said
tend* to one ijlider and a part to another,
bio shall be. accompimled by a certified check
upon wmc- responsible bank of the city of IndianJltelte Indiana, payable to the order of W illiam H,
m.
idhot , uty I rmisiirer, fur a sum of money equal
to two and one-hair
per cunt of the face or par
Viduc of the bonds bid for or proposed to be pur
ehawjd. The bond* awardc l will be delivered at the
bnnklng-hoti*e of inslow, Lanier Company in the
city
New l ork on the Uith day of June, .1.897, and
Uic successful bidder or bidders shall take the bonds
awarded to him or them ; and his or their omission,
wcric-ct or refusal so to do shall be a breach of the
of hi* bid or proposal, on account of which
damage? rimii be retained or recovered as liquidated
W provided m t he ordinance covering this issue,
fid
said bonds are offered for Sale under and by virtue
Lenernt o
No. SI, 1897. passed by the
f ommon Coufj
on the 3d day or Slay, 1807, and
approved
vor on tbe 7th <iay of May, 18J7,
E. M. JOHNSON,
City Comptroller.
8v?t
.OOP
l*.
C h o t e a u
6
PER
O o u n
C E N T
hut
frnim jw-sp*-'*#m
rev
at the officeihm MfiZtmkIw willMbenm ■ >4y, M oniaisa, of
mi (
at.
#®§t B#
the <
0 «4>«t M «
.
m
tip to
n i:mmo f
IB 7fll( 1 J
H7
#WWWM> c*Mp4to I*m\ bf miid county, wild bond#
.
m fitful*
o f «i# pm m m pm
»■
* ttt ia h tia ry and J M f
nl
? w , mint
litteen and payable in
-tmms$f jms* A T 4mlM ut 1***** JSiM t e n d * are
ffO
#
(aw
immrn tm 4te m n Of n Yetting oiiia n a id l^ f
f
t
tend* of mPt ©oaaty
\\
fti
. MMi»<• tend* will he i»#«ed
1
«M
*
if
m a hid* w in p®
for fte wfe*Wmmtf p«©!>, oin dfile aforesaid <‘Ti-met
mtl
■’
ffltlll IK endorsed *
Ii
’
tm Bm«U", «VJ *fidreiM 1 E, Frank Sayre,
fo
sI.#<
e«erTe;
BfWt4
hy th
RANK 8A
a
&
3
5
, 0
0
0
TOWN O PLAINFIELD
F
W I N D H A M C O U N T Y . C O N N .,
4
PER
CENT
BONDS.
PLAINFIELD. May 4th, 1897
Sealed proposals will be received until 4 P. M
Tuesday, June 1st, 1897, for the purchase of
$ A 3,000 of Town of Plain field four per cent bond*,
or any part thereof, at which time, at the Town
Treasurer’s Office, at Central Village, Conn., the
said bids wili be publicly opened and read.
These bonds will be issued in coupon bonds of five
hundred dollars ($599) each, dated May IsL 1890
$5,000 of which will become due May 1st, 1906. d.O C
O
May 1st, 1911, $5,009 May 1st, 1916, $5,000 May 1st,
1921, and the remaining $5,00 May 1st, 1926, with
interest at the rate of four per cent per annum, pay
able semi-annually on the first days of May and
November in each year from May 1st, 1807.
These bonds are issued under and in pursuance of
and in full conformity with the laws of the State of
Conneeueut and a vote of said town passed at a
jnee .rng legally warned and held on the llth day of
April, 1806, for the purpose of making permanent
impr .vements on the main highways of the town.
Proposals less than par and accrued interest-will
not be considered, and the Committec^reserve the
right to reject any and all bids. Proposals must be
endorsed * Proposals for Bonds ”, and addressed to
*
8. L. A dams, Town Treasurer, Central Village,
Conn., and must state whether for the whole or a
part, and if a part for which issue and the amount
bid for. Each bid must be accompanied with a cer
tified cheek on a National Bank for two per cent of
the total amount of bonds bid for, payable to tbe
Town Treasurer.
The assessed valuation of real estate and personal
property made for taxes by the Town Assessor Oct.
Is . 1896, was $1,050,947,, and the annual town tax
laid for some years past has not exceeded ten mills.
The financial standing of the Town Aug. 81st, 1896,
as taken from the report of the Town Treasurer,
gives an indebtedness of $18,804 10, against which
the Town owns property (personal and real estate)
to the amount of $19,440 51 j the only bonded debt
being this issue of $80,000 authorized bT vote of the
Town April llth, 3896, $5,000 of which was sold Bee
2d, 1890, leaving the remaining $25,000 to be sold.
June 1st, 1807, as noted above. By vote of Town
passed April llth, 1896, the Selectmen and Town
Treasurer must provide a sinking fund sufficient to
pay said bonds at their maturity.
HENRY C. STARKWEATHER
WILLIAM H. KENYON,
A. B. SPRAGUE,
Committee.
SESSIONS L. ADAMS,
J, A. ATWOOD,
y
May 22, 1897,J
rH E
C H R O N IC L E
Benwell « Everitt, Yew York
------ -------- --------------- ---------------102*050
E. H. Rollins & Sons, Boston................................... ..........................102*039
Dunscomb & Jennison. New Y o r k ............................. .....................101*970
Farson, Leacli & Co , New York................................ ...................... 101*550
E. Morrison, New York....................................................................... 101*380
W. J. Hayes & Sons, Cleveland ............................. ..........................10L*367
Street, Wykes & Co., New York............................... ........................ 101*270
Bertron < Storrs, New Y o r k ................................................ ...........101*060
fc
Adams & Co., Boston......... ............. ...................... ........ .— .............. 101-030
D. A. Moran & Co., New York......................... .............. ............... 100960
MasoD, Lewis & Co., Chicago............................................................100 5732
Rudolph Kleybolte & Co., •incinnati.......... ................. ................100*530
E. C. Stanwood &Co., Boston....................... . . . . . . . . . . . . . . . . . ------ 100 360
The securities are o f the d en om in a tion o f §5,000 each , dated
M ay 1,1897; interest at the rate o f 3 )4 per cen t is payable
sem i-an n u ally o n the first da ys o f January a n d J u ly at the
office o f the M etropolitan Trust C om pa n y o f N ew Y o r k C ity,
and the principal w ill m ature J a n u a ry 1, 1937.
T ir e r t o n , R . I .—Bonds Proposed.—S om e tim e d u rin g the
sum m er this to w n w ill dispose o f §25,000 o f 4 per cen t bonds.
T he securities w ill b e o f the den om in a tion o f §1,000 a nd will
m ature at the rate o f on e b on d each year. The date o f the
sale has n ot y e t been decided upon.
W a lth a m , M ass .— Temporary Loan.—The c ity o f W altham
proposes to issue a loan o f §50,000 in anticipation of
taxes.
W a s co C ou n ty, (O re .) S c h o o l D is tr ic t No. 12.— Bond Sale.
— T h e $20,000 o f 6 per ce n t sch ool bonds o f this d istrict w ere
aw arded to D ietz, D ennison & P rior o f C levelan d. Iaterest
on t i e securities is payable sem i-ann ually, and the prin cip a l
w ill m a lu re in tw en ty years fr o m date o f issue, s u t je c t to
ca ll after ten years.
W a s h in g to n C o u n ty, (Ja.— B on d Election.— A.n e le c tim
w ill be held in W ash in gton C ou n ty on J u a e 14, 1897, to decide
the question o f issuing §18,000 o f ooa ds fo r the erectiou o f a
n ew cou rt house. T ne securities, if authorized, w ill bear 6
per cen t interest and m a tu re in 1917.
W a t e r lo o , l a .— Bond Sale.— T he c ity o f W a terloo has sold
§60,000 o f fu n d in g and re fu n d in g bonds at a prem iu m o f
§112, on a basis o f the bonds bearing 1% per cen t iaterest.
The securities are o f a den om in a tion o f §1,00) ea ch , dated
M ay 1, 1897; iaterest is payable sem i-an n u ally at the N ational
P ark B ank o f N ew Y o r k C ity. The bonds w ill m ature in
tw en ty years from date o f issue, th e city reservin g the righ t
to pay $ 21,000 o f the am ou nt at a n y tim e after five ye ir s,
N E W LOANS.
$
4
3
, 0
0
0
TOWN OF MILFORD, DEL.,
R e fu n d in g
B on d s.
P roposals fo r ( 4 :,000 R efu n d in g L oa n o f th e T o w n
o f MiLford, State o f D elaw are.
•
P roposals will be rec e iv e d at M ilford . D elaware,
u n til 12 M ., T u esd a y . 15th day ot Ju n e. 1897. fo r the
purchase o f all o r an y portion o f th e a b o v e loan to
b e Issued in b on d s o f $1,000. e x e m p t fro m all State,
c o u n ty and m unicipal t ix a tion .
Said bonds are being issued b y au th ority o f an A c t
o f th e L egislature o f th e State o f D elaware, and pur
su an t to an ordin an ce o f T o w n C ou ncil, th e p roceed s
t o be used f o r th e redem ption o f th e L ig h t and
ater L oa n .
T h is loan will bear interest at th e rate o f 1 per
en t per annum , paya ble sem i-an n u ally o n th e first
days o f Jan uary and J u ly at th e F irst N ational Bank
o f M ilford , D elaw are, and is f o r th irty years, r e
d eem able a fte r ten years.
T h e su ccessfu l b id d er or bidders will b e required
t o settle f o r th e bonds a t o r b e fo r e 12 M. noon^
W ed n esd a y , J u n e 30,1807.
All proposals to b e accom panied by certified check
o f 1 per cent o f the am ou n t o f bonds b id fo r , t o be
m ade payable t o th e order o f Isaac S. T ru itt, P re si
d en t o f T ow n C ou ncil o f M ilford, D elaw are, w ith o u t
c o n d itio n s , and draw n u p on an in corp ora ted ban k or
tru st com pany loca ted in the City o f B o sto n , N ew
Y ork , P h iladelph ia o r W ilm ington, and add ressed to
T ow n C ouncil, M ilford, D elaw are.
T h e right t o r e je c t any or all bids reserved.
T h e checks or u n successful bidders w ill be re
turned. T h e assessed va lu a tion o f real estate o f
M ilfo rd Is $920,480; poll $272,550.
T h ere is no oth er bond ed or floating d e b t o f any
kind.
A ll bids shall b e addressed t o P resid en t o f C ou ncil,
MU ford , D elaw are, and m arked “ P roposals f o r R e
fu n d in g L oa n ."
A n y fu rth er in form a tion m ay be had by applying
to
TH KO. TOW NSEND,
S ecretary o f C ou ncil
I n v e s tm e n t
B o n d s
FOR
New Y ork S avings B a n k s
and Trustees.
fcIST S
SEN T
UPON
A P P L IC A T IO N
M E M B E R S OF BO STON A N D N E W Y O R K
1STOCK E X C H A N G E S .
R. L. D A Y & CO.,
“
4 0 W a te r Hlrest, Boston.
Y N a u a a 8tr#et, New Y ork.
NEW
S
1015
§20,000 after ten years and §20,000 after fifteen years from
date of issue.
Waterville, Minn .— B on d E lectio n .—An election will be
held in Waterville within a few weeks to decide the question
of issuing boads to pay the cost of water-works and an elec
tric-light plane.
West Chester, P a.—B on d S a le —In April, 1897, the
borough of West Chester issued §75,000 of 3 % per cent bonds
to redeem a matured loan, most of the redemption bonds
being taken by the holders of the old securities. It is ex
pected that about July 1,1897, the borough will issue §50,000
of water supply extension bonds.
Westchester Connty, N. I . —B on d s A u th oriz ed . — The
County Treasurer of Westchester County has been authorized
to issu9 $30,000 of bonds for the purpose of paying drafts of
the Overseers of the Poor of the several towns of the county
issued for the temporary support of the poor siuce January 1.
White Plains (N. Y.) School District— B on d Sale.— On
May 12, 1897, the §6,750 of 19-year average school bonds of
this district were awarded to the Central Bank of Westches
ter County at their bid of par for the securities bearing in
terest at the rate of 5 per cent.
Whites tone, N. Y.— B on d E le ctio n .—Ou Juae 7, 1897, the
citizens of Whitestone will vote on a proposition to issue
§50,000 of street imorovement boads.
Wilmington, Del.— B on d O ffering .—Proposals will be re
ceived until 12 o’clock noon, May 29, 1837, by Joseph K.
Adams, City Treasurer, for the purchase of $15,000 of 4 per
cent sinking fund bonds. Tae securities will be of the de
nomination of §103, or multiples thereof, and will mature
October 1, 1925.
Worcester, Mass.— d em p ora ry L o a n .—A temporary loan
of §100,000, maturing in months from date of issue, has been
awarded to F. S. Moseley & Co., of Boston, Mass., at 2-85 per
cent, interest to bi paid "at maturity.
B on d s P rop osed .—The Legislature of Massachusetts has
been petitioned by the city of Worcester for permission to
borrow §1,030,000 for the construction of sewers. This
amount would be outside of the city’s debt limit.
Yonkers, N. Y .— B on d s A u th o r iz e d .— The city of Yonkers
has been authorized to issue bonds to an amount not exceed
ing §25,000 for the purchase of certain lands for puolic dock
and other municipal purposes.
0
IN V E S T M E N T S .
LOANS.
^ * 5 0
, 0
0
0
C i t y o f B o s t o n . M a s s . , K e g ............................. 3 ^
C ity o t C le v e la n d . O h io , C o u p , o r R e g .. .4 s
H O U S T O N ,
T E X A S ,
57 P a v in g and S e w e r B o n d s
O ffe r e d f o r S a le J u n e 5 , 1 8 9 7 .
Sealed bids addressed to th e C ity Secretary o f the
City o f H ou ston , T e x a s , w ill be re ce iv e d up t o 12
o ’clock, n oon o f Saturday, Ju n e 5, 18:»7, f o r an issue
o f $250,000 o f P a v in g and Sew er B on d s o f th e City
o f H o u sto n , au th orized b y ch arter passed b y the
present L egislature o f th e State o f T exa s, payable
In g o ld , dated J u ly 1, 1897, o f th e den om in ation t f
$1,000, t o run fo r t y years, w ith an o p tio n o f redem p
tio n a fte r tw en ty years. Interest five (5) p e r c e n t ,
principal and in terest payable at th e office o f th e
U nion T rust C om pany, N ew Y ork, in te re st payable
sem i-an n u ally. B on d s t o be d e liv ered t o th e pu r
ch a se r in H ou ston , T exa s, and purchaser to pay fo r
them w hen d e liv ered , accord in g to the term s o f such
contract as m ay be m ade. N o bid f o r less than par
and a ccru e d in te re st will b e con sid ered and each
bidder w ill b e required t o deposit w ith th e M ayor o f
th e C ity o f H o u s to n loca l ch eck o r N ew Y o rk e x
ch an ge In th e sum o f $5,000 to secure m aking o f c o n
tr a c t and paym en t f o r bonds.
T h e c ity reserves th e righ t t o r e je c t an y and all
bids
H . B . R IC E , M ayor,
H o u s to n . T exa s.
# 1
i 5o o o
BO N D S.
T h e Board o f T rustees o f the V illa g e o f College
P oint, N. Y.. hereby in vite bids f o r Ciie w h o le o r any
part o f e le v e n $ 1,000 tw en ty-yea r fo u r per cen t
w ater bonds o f said village as au th orized b y Chapter
383 o f the laws o f th e State o f N ew Y ork o f 1893.
Bids are Invited and w ill b e re ce ive d by th e trustees
o f th e villHge at th eir room s In P op pen h au sen In s ti
tute, College P oin t, N. Y „ u p to 3 o ’c lo c k I’ . M. Ju n e
7th, 1897, when and w here all bids will be opened.
A ll proposals m ust be accom panied b y a certified
ch eck draw n to th e o rd er o f F. R. Cl a i r , E s q ., V il
lage Treasurer, f o r five per ce n t o f th e am o u n t bid,
the balance to bo paid b y the s u cce ssfu l bidder on o r
b e fo r e 12 o 'c lo c k Jun e 30th, 1897, a t th e N inth
N ational Bank. 407 Broadway. N ew Y o rk , w h en and
w here the bon d s will bo d elivered . T h e board re
serves the rig h t to r e je c t any or all bids.
Edward I. Rosenfeld,
M U N IC IP A L
I I lg h -G r a d e
S E C U R IT IE S ,
W a rra n ts a
W rite f o r List.
C i t y o f N e w B e d f o r d , M a s s . , R e g ..................4 s
M i d d l e s e x C o u n t y , M a s s . . C o u p ...................4 s
A fu ll d escrip tion o f eith er o f th e s e issues, w ith
prices, w ill be m ailed on app lication.
E. H . R O L L IN S
19
BO STON .
M IL K .
-
A D A M S
&
-
&
SO N S,
STREET.
.
M ASS
C O M P A N Y ,
BANKERS
D E A L E R S IN
IN V E ST M E N T BONDS,
M em bers o f B oston Stock E x ch a n g e .
No. 7 Congress and 31 State Streets,
BOSTON.
N .
Village of College Point, N.Y,
4*? W A T E R
C it y o f B in g h a m p t o n ,N .Y .,C o u p , o r R e g .4 s
W
.
H A R R I S
&
C O .,
B a n :k e r s ,
3 1 N A S S A U » T . (B a n k o f C o m m e r c e B ld g .).
G o v e r n m e n t> N D
M u n i c i p a l
B o n d s
OFFER
S ta te N ew Y o r k 3 s,
s la te M ass. 3^ s,
N e w Y o r k C ity 3 ^ s ,
B r o o k ly n 4 s,
C a m b r i d g e 4 s,
L a w ren ce 4s,
H a r tfo r d S ch o o
N e w H a v e n 4so
4s,
W. N. Coier & Co.
BANKERS.
M U N IC IP A L BONDS.
a
S p e c ia lty
N o. 6 0 B road w ay , N ew Y o rk .
3 4
N A S S A U
S T R E E T .
1H E
lOltS
fa tfe
Vm.,
January 1,1897, by means o f a special report to the C h r o n icle
from A rob. Cunningham, City Clerk ;
Boise is ihe county seat o f Ada County.
LOANSliV H
ieH ite. Bond’d debt Jan. 1,1397. $161,000
lit !.
i
t**j Hekool » l # l r l e t — Bond Offering.—Vrar
■•• 1 unfit Jane !, 1 W , by th» Board at
•
<
• ( w>« York City School O U uici, Y ork,
>
; ,i:. ti.ii**1of y i'i.iKHi o f '. per com bonds. The se-
,,
f. r »ilt m iu lo W , redw aaole in1900.
& re
IT
w
C ity i£ *u . Bonds—
Or.........$-10,000...........July 1,1911
Subject tu oall after July 1,1901
Funding B onus—
6s........ $71,000...........July 2,191*
Subject to call after July 2,190*
STATE AND CITY DEBT CHANGES.
W o iu iijoin report* a* to m u n icipal debts receiv ed sine*
Shu
publication of ou r S t a t b a s o C i t y S u p p l e m e n t .
a..f <hc-* reports arc w h olly n ew and others oover items
■
>nnation add ition al w those giv en in th e S u p p le m e n t
II Ail U Yil»
N
in, g„
S alt Lake (Tty, U tah.—James Glendennig, M iy or,— The
follow ing financial report o f Salt Lake City has been cor
rected up to April 1, 1897. by means o f a special report to the
C h r o n ic l e from G eorge Swan, City Auditor :
This city fa situated in Sail Lake C piety.
LOANSifAm Due. |
LOANSWhcnDue
Cm " B onds—1388-1891—
1 G eneral F und—
5s, Sent., $500,000...Sept. 1,1908 I 5 k., Jt&N, $800.000...May 1,1914
Subject lo oau after Sept, 1, 1808 | PtmLTO I mprovement, 1392—
5s, Juu„ $500,000.. .,Tan. 1, 1911 I 5s, JAM, $518,000...... July 1, 1912
Subject to ca ll lifter Jan. 1,1901 | Subject to call af*->r July 1.1902
5s. July, $200,000
July 1, 1911 I
Subject to call after July 1 ,1 9 0 1 1
PAR VALUE of all bonds is $1,000.
INTEREST on the bonds due in 1908 Is payable at. tho Am. Ex.
National Bank. New York, or Desert Nit, Bank, Salt Lake City, at
opttonjof bondholder; mi those due in 1911 at tile Importers’ ,fc Trad
ers’ Nut. Bank, New York, or Union Nat, Bank, Salt Lake City, at
option of bondholder; on those due 1912 at the oftiee of Wells, Fargo
Company,
York; on those due in 1914 attire National Bank of the
Republic, New York, and by McCormick & Co., Salt Lake City.
TAX FREE.—All bonds of tills city are exempt from taxation.
, TO T A L DEBT on April 1,1897, was $3,548,000; water debt o f
$548,000 Is included in the foregoing,
AVAILABLE ASSETS.—City lauds .mil waterworks are valued at
$3,500,000, the annual income from the water works is $75,000
DEBT LIMITATION.—The debt of this city is limited by a speeia
Act of Congress, approved in 1894, to 6 per cent of its assessed valua
tion.
ASSESSED VALUATION in 1890 was $35,000,000; In 1892 It was
$51,028,650; in 1889 it was $16,011,752. Assessed valuation is about
60 per cent of the actual value. City tax proper (per $1,000), $7-00;
total tax rate (per $1,000), $25 60.
POPULATION.—'The population in 1890 was 44,843; in 1880 was20,768 ; In 1895 was 48.070.
Due.
it...
S K W K K llO N OS—
(,s. K„ A&O, $28,000, g.-Oct, 1, '98
V Yv.t j* 12,000___ July 1.1902 5s, MAN,$150.000....May 1, 1913
_
»: I*A .
1J>00......... 1807-1899 4s, JAI>, $60,000_ June 1,1905
Total debt Apr. 1,1897.. #726,000
* , >,)<!«« yearly on Atlg. 1.)
pA V *2.000 ............ 1800-1901 Tax valuation, real........ 0,788.900
T ut valuation, personal. 855,700
000 dne yearly
A uk. t.)
.* M.vS *27,000 ....... 1898-1921 Total valuation 1896— 7,0-1*.600
,»
Assessment about % actual value.
(Part due yearly.)
.. v.vx -3,000 - .. a u k . 1 , 1898 Tax rate (per $1.000).......... $33-00
5*; f a a . sJoOO............1899 1900 Population In 1890 was---- 8,656
Population iu l-9 7 (est,)...12,000
i'ei.i.Hsb due yearly on Aug. 14
TAX FREE. AH bunds ure exempt from taxation.
x r p r i T or, (he railroail bonds is payable at til© ofhOe of tho
■ -' ,
, t o . Ne*vai . ft. .3. on the $150,000 of
: tuber Bank of Now York City;
Montclair. N. J.
- 1 .1*00 due yearly on July 1.)
lioiM*. Idaho —W . E, Pierce, Mayor —The follow ing report
linnricial condition of Boise has been corrected up to
I N V E S T M E N T S ____
INVESTMENTS.
high grade
WHANN & SC1 LESINGER
State, Municipal, County, S ltool
i
—3
&
Now
on
0f
H O M )S .
MUNICIPAL
it.ve.tu.enta for Saving* B
anks in Now York
IN V E S T M E N T S
GOVERNMENT,
MUNICIPAL,
STEET R'WAY
and Alt X«* Enitland.
Rudolph Kleybolte
BONDS.
BONDS.
& G o .,
Edward* C. Jones Co.,,
II A N K E H S,
•t W A L L STREET,
N. W . C or. 3d A- W a ln u t Sts.,
NEW Y O R K .
ClacinnatI, Ohio.
It hml 13 Wall St. and
M ills &
17 ExobUDKe Place. X. Y . City,
LIST S M A IL E D I POS A PP LICATIO N .
B lanchard,
t*ra*wt tio«}«-«T Mid controlled bjr net of ibe United
r,
Vrnmmum, S U J . As*e«#ed
tM
1 v;,,, »ii mtfr**.;. I> hi i**« than 3Kd OiMt. w o
•4 , ..
o
per
fts*fd
wirong bond* of the Government.
BOUGHT AND SOLD.
a»
D e v o n s h ir e
m fg ill-iO \ Vl> * 0 -3 0 v E AR S.
16
upon application.
M A S O N , L E W IS & C O .,
BAN KERS.
B O STO N : W orthing*® * B ld g .. 3 t S ta te S t.
C litt'A C ID t 171 L a Sail® S t.
S ta te
0
,
0
M O R T G A G E LO A N S
IN
E .
0
C .
&
C O .
BAN K ER S,
S tre e t.
B O STO N .
LIST S SENT UPON A P P L IC A T IO N .
4
s.
W. J . Hayes & Sons,
B A N K E R S ,
P R IC E O S A P P L IC A T IO N .
D EALER S IN M U N IC IP A L B O N D S ,
Parson, Leach & Co.,
CHIUAfiO*
I 1 1 Dptirlsrrft **t,
1
HEW YORK*
% Wn.il H
i.
~ SAFE l NVKSTMKSTS.
’
-SEND F O R L I S T
Street Railway Bonila, nu<l other bleh-graae In
vestments.
B O ST O N ,M A SS.,
7 Kjtelmniie Place.
C > t Adiln).*,
W i<
IS e o S i .R K i H S T R F K T , - B OSTON .
l ( t » i » * r r t e r Strvirt. C tw r la u d O.
or
lender
BANKERS
0 2 Cedar Street,
C le v e la n d , O h to,
3 1 1 -3 1 3 Superior St.
“KBirinSTIl."
-
-
NEW Y O R K
M U N IC IP A L , C O U N T Y , SCH OO L A N D
T O W N S H IP BO N D S
BO U G H T
a n d
SOLP-
Fred. M. Smith,
TO SO U T H S T R E E T ,
AI B I R X, M EW
Y O R K ,
Makes a specialty of selling all kinds of Seeurltie
by AUCTION. Stocks and Bonds thoroughly ad
vertlscd will bring buyers when It ia known th
highest bidder to the fortunate buyer.
A. Strass burger,
STOCKS
&
BOYDS
B R O K E R
S O U T H l t lt N I N V E S T M E N T S K C U K I T IE S J
Blodget, Merritt & Co.,
City and Count * Bonds.
DIETZ, DENISON & PRIOR,
N et*
James N. Brown & C o.f
c u r of
QUINCY, MASS.,
C en t
SAN 1ANTONIO. T E X A S ,
M ass.
BO N D S.
12! D e v o n s h ir e
7P er
C O M M IS S I O N S c h a r g e d b o r r o w e r
u n t il loans h a v e p r o v e n stood,
FRANCIS S M IT H At C O .,
B o sto n ,
S T A N W O O D
0
in te r e s t
NO
B u ild in g ,
M U N IC IP A L
NEW LOAN
1 8
S tr e e t,
X N ASSAU STR E E T
NEW YORK.
TEXA S.
Territory of New Mexico 5 s, M U N IC IP A L BONDS
pm*s
421 C H E S T N U T S T R E E T ,
P H IL A D E L P H IA .
BAN K ER S.
5 1 5 5 ,0 0 0
•
Fopulat'u '95 (local census).7,124
Subject to call after July 1,1901
. Is, K„ MAS. $9,000, K.Sep, 1. 1899
,
MAS, 30,000,
1900-1911
,
I (*3.000 (bus yearly on Sept. 1.)
SCHOOL MoltroASKS—
5», vnr., $28,500..............................
5s j A J syOOO............. 1897-1901
*1,000
201,000
Tux valuation 1896......... 1,000,000
Real valuation................ 5,681,000
Tax rate (per $1,000)...
$12-50
Population in 1890 was.......2,311
Population in i860 was.......1,890
S B W B tt.U lB B o n u s —
ami of Interest to investors.
M oatrlair, X. J -The fallow ing financial statement of the
tlJWO ,f Montclair lias been corrected uo to A pril 1, 1807, by
of an official report to the CHRONICLE from Silas
Stuart, Town Tr-usurer.
Montclair >» situated in E -sexC cu n ty.
LOANS—
When
LOANSlr,,<B Out , seiluoi. BONDS—(Con.)
Floating debt..................
Total (leut Jan. 1 ,1 8 0 7 .
0 - , ....... $50,000.......... July 1,1911
It
W M A S.O 30.000 ... 1897-1909
,iin «mnloo warty on S«v. l.i
’
u h a s sis;,.bob . . . . . huo-1013
i ' « a d u e >early on Nov. 1.)
[Vox,. LXIV
C H R O N IC L E ,
M on tg om ery ,
A la .
REGISTERED PRIOR LIEN BONDS
BANKERS,
(6
C o n g re ss S tre e t,
B o sto n .
T H E
F IN A N C IA L
R E V IE W
A N N U A L -1 8 9 7 .
Price 13 00. To CniiONJ T Subscribers, *150.
C .E
STATE <’IT¥ & RAILROAD BONDS. WILLIAM B. DANA COMPANY, 70*4 Pine St„ N. Y
@FedFRASER