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W I L L I A M B . D A N A C O M P A N Y , P u b lis h e r s ,
P in e S tr e e t, C o rn e r o f P e a r l S tree t,
P ost Office B o x 958.
NEW YORK.
C L E A R IN G H O U S E R E T U R N S .
The following table, made up by telegraph, etc., indicates
that the total bank clearings of all the clearing houses
of the United States for the week ending to-day, May 29,
have been $905,079,474, against $971,985,754 last week and
$773,888,298 the corresponding week of last year. Decora
tion day occurred in the week of last year.
Week Ending May 29.
1897.
1896.
Per Cent.
N e w O r le a n s ............ . . . . .
$419,171,401
70,007,861
51,095,778
11,499,634
72,684,490
14,932,248
5,981,919
8e v e n c itie s , 5 d a y s .
■Other c it ie s , 5 d a y s ........
$637,007,013
121,792.047
$645,373,331
125,006,020
-1*3
-2*6
T o ta l a ll c it ie s , 5 d a y s . .
A ll c it ie s , 1 d a y .........................
$758,799,660
148.279,814
$770,379,351
3,486,947
-1*5
-j-4095'0
$905,079,474
$773,866,293
4-17*0
Boston ........................ .
Philadelphia..................
B a lt i m o r e ....................... .
Chicago ......................
SL Louis ......................
T o t a l a ll c it ie s f o r w e e k
N ew Yora...
P h ila d e lp h ia .
P itts b u r g .......
B a ltim o re .......
B u ffa lo............
W a s h in g t o n ..
R o ch e ste r.......
S y ra cu s e .........
S cra n to n .........
W ilm in g to n ...
B in g h a m to n ............
T o ta l M id d le
N O . 1 ,6 6 6 .
The full details of clearings for the week covered by the
above statement will be given next Saturday. We cannot,
of course, furnish them to-day, bank clearings being made
up by the various clearing houses at noon on Saturday, and
hence in the above the last twenty-four hours of the week
have to be in all cases estimated, as we go to press Friday night.
We present below our usual detailed figures for the pre
vious week, covering the returns for the period ending with
Saturday noon, May 22, and the results for the corres
ponding week in 1896, 1895 and 1894 are also given. Con
trasted with the preceding week, there is a decrease in the
aggregate exchanges of about twenty and a-half million dol
lars, and at New York alone the loss is six millions. In com
parison with the week of 1896 the total for the whole country
shows a decrease of 0-5 per cent. Compared with the week
of 1895 the current returns record a decline of 8‘1 per cent
and the excess over 1894 is 16*1 per cent. Outside of New
York the loss from 1896 is l -2 per cent. The decrease^ from
1895 reaohes 3-3 per cent, and making comparison with 1894
the excess is seen to be 15'9 per cent.
1890.
1895.
1897.
P. Cent
*
*
*
636,402.960 535,807,040
-H-o 806,671,973
59,979,098
69,815.08S —14*i
67.043,391
17.447,109 —14*1
14.982.501
15,594,985
12.812,222
14,190.243
—9*7 12.531.170
4.385,994
4.817,079
—90
4,599,399
1,872,406
1,843,403
+1-0
1,923,490
1,584,987
1,411,755 + 12-3
1,358.419
962,525
-5*fc
1,021,005
1,107.977
820,09s
742 873
-9-5
757 223
095,85C
722.359
-3 7
720.382
339,300
314.500
4-7*9
342,000
034,701,303 648,270,938
- 2 1 712.655,415
B o s t o n ............. .
P r o v id e n c e . ..
H a r t f o r d ..........
N ew H a v e n . ..
S prin gfield. . ..
W o r c e s t e r ........
P o r tla n d ...........
F a ll R iv e r .......
L o w e l l ..............
N ew B e d fo r d ..
95,375,579
5.154.400
2.170,887
1,251.041
1,240,922
1,375 461
1,244.977
770.127
030,106
410,723
109,042.283
C h ica g o ....................
C in cin n a ti..............
D e t r o it ....................
C le v e la n d ................
M ilw a u k e e .............
C o lu m b u s ...............
I n d ia n a p o lis .........
P e o r ia ......................
T o le d o ......................
G rand R a p id s .....
D a y to n ...................
L e x i n g t o n .............
83.870,157
80,740,586
12.590,150
11.467,450
5.484,221
5,817,90-1
5,954,411
5.919.025
4.049,071
4.113,210
3,031,0)0
3,740.000
2.249,419
2,285,170
1,370,722
1.708.789
1.428.211
1.198.847
725,515
719,872
550,301!
596.131
310,485
295.637
229,820
219,860
273,710
339,167
233,200
218,000
190,399
251,430
204.077
204.999
188,208
190.78C
S, a
188,103
123,000,740 120.212,113
Saginaw...............
Kalamazoo..........
A k r o n .......................
Bay C it y .................
R o c k f o r d ................
S pringfield, O hio..
C a n to n ............ ........
89,840,005
4,537.100
2,110.825
1.453,133
1,289,012
1.251,081
1.324,135
337,154
610,907
506,312
103.790.394
4-0*2 90.661,379
4-13*0
4.965,700
4-2-9
1.908.223
—134
1,326.090
—32
1.415.791
4-9-t
1,235,500
—0*C
1,250,902
—8 C
692.4U9
—0*7
609,307
-1 7 7
396,214
4-5*6 104,471.529
1894.
(
161,433,166
54,438.045
13,351,020
13.112,374
3,620,289
1.615,025
1,140,743
813,275
082,757
774,095
330,200
551,208.185
74.028.210
4 029,400
1 545.717
1.258,840
1,171.113
1.170,007
1.003,130
630,205
489,323
320,928
85.e48.005
-3*3
99 592,955
78.576,580
4-9 8
13.024.450
11,709,450
—57
5,859.550
4 831.321
4-o-(
5.082.080
4,005,876
—l-t
4.270.084
3,390,817
-2-i
3.707.400
3,007,700
—It
1,252.892
1,030,908
-19--5
1,950.000
1,008,494
4-19 2
-o-t
871,027
762,229
-6-7
-4*8
265.982
267,163
-4-4-5
301,(8;
227.509
—19-3
272.55C
253.567
4-7-0
269.553
152,649
—24‘ 3
332.1>00
207,041
-0-5
272,274
178.752
—30
163,572
135,564
—4-9
205,218
140,304
—2-0 137.809,875 111.177,804
4-20
10,900,761
10.389,251
-4-04
1.022.922
828,537
1,184.534
1,003.411
4-13-4
965.285
1,096.213
—0-9
553 3L1
505,707
—19-0
426 893
400,000
4-24-4
349,276
312.032
—24-7
94,740
120.025
-4 7 1
61.514
120,489
4*2"6
15,003,065
16,228,096
San F r a n cis c o ..
Salt L ake C ity..,
P o r tla n d ............ .
L os A n g e le s ....,
T a c o m a ................
S e a ttle ...............
S p o k a n e .............
F a rg o ...................
S io u x F a lls....... .
T o ta l P a clflo.,
12,017.007
1,357.801
930,009
1,151,014
481,7*8
501,009
590,934
125.810
41.580
17,257,6/8
11,780,307
1,275.097
850,073
1,015.991
486,017
097,706
475.068
107,173
78,049
16,832,081
K ansas C ity ............
T o p e k a ......................
F r e m o n t..................
H a s tin g s ....... ......... .
T o t . o t h e r W e st.
11,352.308
7,204.248
4.405 100
3.304.680
2,024,016
483,507
1,143.413
1,007,837
500,787
821,844
429,468
430,096
50,104
71.748
33.455.912
9,102,421
0,320,947
4.422.160
4.381.713
2,400,035
015,023
1,400,OOo
919,100
498.858
200.201
451,488
417,390
48,071
51.504
31,301.997
8 t . L o c l s ...................
N ew O rleans............
L o u is v ille .................
G a lv e s to n .................
H o u s t o n ....................
S a v a n n a h .................
R i c h m o n d . .. . .........
M em p h is...................
A tla n ta ......................
D allas.........................
N a s h v ille .. ...........
N o rfo lk ......................
W a c o ..................... .
F o rt W o r th ..............
A u g u s ta .......... . . ..
B irm in gham ............
K n o x v ille ..................
L ittle R o c k ..............
J a c k s o n v ille ............
C h a tta n o o g a ............
T o t a l S o u th e r n ..
24,038,884
5,800 210
0,338.952
2,076,850
2,109,415
1,733,920
2,027.955
1,429,039
1,155,233
1,098.146
910,455
800,205
440.354
520,182
503,237
362,553
411,438
250.000
199,141
275,090
53.208,775
21.723.942 4-13-4
7,878,<'70 -25-6
4,810,553 4-31*0
1,070,750 4-2A2
1.600,229 4-27-1
—0-9
1.749,109
4-2-8
1,972 043
1,625,304 . —12*0
931,422 4-24-1
+ V5
1,081,705
797.368 4-14-9
848.005
+1-9
—57
473,474
—5*7
551,883
-1*0
511.274
498,042 -29-2
473,499 —13-1
—9-5
270,271
271.914 -27-5
230.000 4-19-6
4-0-3
60,041.523
T o ta l a ll................
O u tsid e N. Y o rk .
971,986.754
436.683,804
970.645.016
410,077.406
—i*2
11,897.200
10.696.877
0.294.075
1,045,902
895,193
663,301
4-11-2
4-15-6
4-0-1
4-35 0
-111
11.274.C30
4,955,227
914.322
962.733
480,894
7,863,377
4,107 056
889,019
881.145
628,913
18,600.408
4-12 4
18.577,212
14.330.ll6
in n e a p o lis .......... .
-1*8 M
O m a h a ..... ............
4-2*6 St. P a u l...................
—11*9 D e n v e r ....................
D a v e n p o rt.............. .
-0*7 St.
J o se p h ............ .
—2*7 D es M o in e s ..............
S
io
u
C ity ................
4-41*0 L in c xo ln
.....................
- 1 4 1 W ic h it a ............ .
$411,819,458
71,819,326
45,013,422
11,416,837
70,745,235
21,055,394
5,137,291
N e w Y o r k ..........................
1 8 9 7 .
Clearings a t—
Terms of Subscription— Payable in Advance :
Clearings.
Returns by Telegraph.
2 9 ,
Week ending May 22.
C h r a w ic le .
P U B L IS H E D
M A Y
M o n tre a l..............
T o r o n t o . ............ .
H a lifa x .................
W in n ip e g ..............
H a m ilto n ............. .
St. Jo h n * ...............
T o ta l Canada.
• N o t ln c lu d e d In
1,047.27ft
594.442
004.992
22.020.205
o ta U .
+23-9
+13-S
■f:1 9
—2l'6
-4-9A
—21*5
—10-3
+9‘«
+13-6
+209
- 4 ’9
+3-0
4-39-1
4-0-7
10.342,423
8,857.375
3.329,552
4.310,232
2,733.858
8,687,151
5,155,805
4,923.067
4.173,100
2,094,876
1,202 983
1,035,486
471,001
228,420
454,876
485,716
54,900
63,218
33,020,099
1,606,878
999,497
005,813
455,048
317,204
485,702
100,000
95,000
30,299,801
23.791.689
8,269.898
6.800,785
1,723,315
1.797,947
1.453,765
2,068.895
1,836,722
1,014,292
1,093,370
772,980
899,502
809,09*
609,000
430.000
835,780
19,098,091
6,946.004
5.C09.880
1.504,297
1,101.524
1.674,445
2,054.570
2.340,540
781,018
l.O u6,0O O
791,074
814,810
476,000
555,000
335,039
320.383
298.870
255,000
63,587,345
204.917
175,000
43.709.30T
—0*o 1,057,378.359
450.700.383
837,181,587
375,707,411
THE
1 0 18
C H R O N IC L E .
[VOL. LXIV,
would be a removal of that hindrance. With
then the high tariff people taking the broader view
and
most others seeing in a completed law an obstacle
The crops are becoming week by week of increasing
to
industrial
revival removed, no wonder that the devel
importance as an influence affecting the industrial
situation. They will soon hold a first place among the opments of this week have created a better sentiment,
forces operating either favorably or unfavorably on leadiug to almost a buoyant movement at one time. On
general business. Wo say soon, because the early the other hand, when one looks at the situation and
growth is such u very important factor in the final re sees how depressed all the leading trades are now—
sult. Every one knows what added vitality all plants especially those we are wont to look at as indicators of
gain through a strong and healthy start; how they the state of general business, such as iron, coal, dry
thereby become able better to resist every ill in later goods and the like —when one notes the low condition
lifo they are subject to. An abundant harvest is not of those industries, the proposal, stated in its naked
assured because of a vigorous early growth ; but that shape, of giving wings to business by increased tax
is an incident of great promise in the progress towards ation, does not look especially promising. Considering
that end. What has given rise to the hopeful feeling the marvel involved, one seems almost forced in a
recently entertained respecting the crop outlook relates faithless sort of way to ask, “ Shall these dry bones
to just this point; that is to say, seeding is finished liv e ? ”
Another circumstance'of this week which, as we look
under favorable circumstances for spring wheat, corn
and oats, and all the plantings have thus far done well* at it, is extremely satisfactory and in its tendency help
and in most sections much better than a year ago- ful, has been the discharge of Mr. Havemeyer by
The only drawback anywhere reported is that in some Judge Bradley; if now the prosecution of the coal
districts the growth has reached a position where rain roads could be brought to an abrupt end we should
would be beneficial; no harm from lack of moisture begin to think our overweighted industries might have
a much better chance than they now have of revival.
has as yet been done.
This favorable crop situation, some decisions of the Dramatic efforts of politicians to make a display of zeal
Supreme Court limiting the power of the Inter-State in the feigned interest of the poorer classes by the perse
Railroad Commission over freight rates about which we cution of men simply because they are conspicuous for
have written elsewhere, and a respite from speeches in their wealth has been carried so far that apparently
the Senate on irritating subjects added to a start by to be industrious and thrifty and clever is rated
the same body on tariff legislation, have given a more almost as a stigma. Did we think that any
hopeful tone to affairs in Wall Street this week. As Constitutional principle was at stake in Mr.
a consequence of this changed mood all events current Havemeyer’s trial, we should not feel as wo do. The
and prospective have been interpreted favorably. question raised, as we understand it, is not one that
Prominent among these naturally enough is tariff re necessarily touches the honesty or dishonesty of any
vision. The work having been begun, a speedy end to member of the Senate, but relates simply to the con
it is the first thought and desire of the business public- tributions of the Sugar Trust to political party funds.
There seems to have been no actual evidence in support Those contributions could be large without rightfully
of the assumption, the information coming mostly over injuring in the least the good name of any one. If they
private wires from Washington, yet every one claimed bore the same proportion to the capital of the donor
that final action by the Senate was to occur much that small men’s contributions do, they would be large,
earlier than has recently been anticipated. To be sure and being large they m ight—in the opinion of a nu
our legislators have been engaged on the bill only a merous class of readers who believe that to be rich is
few days and none of the most important schedules to be sinful— be used to reflect on the donor’s own
have been disposed of.
At the same time, some honesty or the honesty of members of the Senate
little ground for the assumption is to be found in without reason. We may, perhaps, assume that man
the fact that the party having the bill in charge pro ufacturers as a class—not sugar refiners alone—gave
poses to talk itself as little as possible, while up to this last year and four years before, and generally give,
time no factious opposition has been disclosed on the good round sums in a Presidential election to help
part of the opposing party; then, too, it lends hope to their party; also that people who believe in freer trade
the wish, when the public recalls to mind how easily act in a similar manner. In a word, whenever there
the bill skipped into the Senate gaining two or three is an important principle at stake the liberal among
weeks of time and sparing the tired merchant and the rich do what they can to help the side they believe
banker that amount of additional discussion in com to be right. Probably the result in 189G was in great
mittee. As a result of these suggestions and feelings, part produced through just such liberality which in
what we all want to believe had become early in the the main was used to enlighten the public mind, mak
week the general verdict, that a very few weeks more ing the people see and feel that free silver is synonowould ace the present attempt to change the Customs mous with industrial cataclysm. Is it to be the prac
law finished.
tice hereafter to prosecute criminally any wealthy man
On this occasion still another idea is aiding the and hold him up to public reproach and scorn as “ a
more hopeful feeling or sentiment now prevailing. A millionaire on the way to the common jail” for the
large clas- of our people is fully convinced that noth dreadful crime of having subscribed liberally to the
ing more in needed to ensure prosperity but the pas- party funds ?
**(?• of a high protective tariff measure ; that.as soon
President Stuyvesant Fish of the Illinois Central
as Customs revision is completed a revival of business, made some interesting observations recently bearing on
if not a boom, will be the unquestionable outcome. the forces at work in the railroad world and which are
Even those who do not accept that view know that working to the detriment of the roads. The portion
Customs legislation in progress is a hindrance to indus of the remarks relating to the utility of traffic associa
trial development, and that the closing of the tions and agreements for the maintenance of rates has
work by the enactment of the proposed law special application ami pertinency just now, when, ac*
T IH :
F IN A N C IA L
S IT U A T IO N .
Mat 29, 1897.J
THE
C H K 0N 1C LE .
1019
cording to common report, the chances of the passage The New York Susquehanna & Western has $12,063
The Read
by Congress of a measure permitting some form of pool decrease in gross, $4,973 decrease in net.
ing among the roads have been greatly improved ing, on the combined operations of the various com
through the Supreme Court decisions this week. Mr. panies, shows slightly improved net (in amount
Fish says that it was to prevent ruinous competition $10,011), but this follows almost entirely from a great
that traffic associations were brought into being. contraction in the expenses of the Coal & Iron Com
The multitude of interests, diverse interests, of pany attending a large falling off in the gross receipts
the roads made it necessary for the autonomy o f that company.
Money on call, representing bankers’ balances, has.
of each that agreements be entered into to
prevent working in the dark, to avoid competition loaned at the Stock Exchange this week generally at
that would not advance anything but demoralization, 1 4 per cent, with moderately large transactions at the
and to give the adherents of commerce the benefits of end of the day at I f, making the average for the week
a stability of tariffs upon which they could base a selling about I f per cent. It was reported on Wednesday
price for their commodities. The action of the courts that $1,000,000 had been borrowed by a Boston broker
in breaking up these agreements, the gradual reduc age firm in this market on call at 1 per cent. This
tion of earnings incumbent upon the enforcement of cannot be regarded as establishing a 1 per cent rate for
lower rates than are compatible with paying call money, as it was a special matter. It is said that the
operation, and the adverse action of legislatures Boston firm will probably be largely interested on the 1st
and of Congress, make it apparent that the of June in some Eastern city loans made in anticipa
small roads must go to the wall. They cannot tion of the collection of taxes, and though the money
afford to exist. The refusal to permit pooling, Mr. was in form borrowed on call it will probably not be
Fish observes, must result in the formation of great disturbed until the negotiations for these city loans are
traffic lines, which will extend over vast distances and completed. Banks and trust companies loan at the
bring the roads in the various sections of the country rate current on the Stock Exchange. Some moder
under one management, and thus control in a manner ately large time loans have been made this week
the railroad situation. “ Some persons might he in at 3 per cent for the remainder of the year, and
clined to class these systems as monopolies, and yet, if there appears to be a good inquiry for money for
long periods, but very little for less than four months.
they do become so, who or what is to blame ? ”
The Wabash makes a very encouraging showing as Quotations for time money are 2 per cent for thirty to
to net earnings in its return for the month of April. sixty days; 24 per cent for ninety days to four months^
In the gross earnings there had been a loss as compared 3 per cent for five to seven, and 31 per cent for eight
with the same month last year of over one hundred months on good Stock Exchange collateral. Banks
thousand dollars—$100,852— but this was met by a still having large correspondence with the South report a
larger reduction in the expenses, the saving here hav good inquiry from Southern bankers preparatory to an
ing been $148,013, so that the net earnings actually expected demand for cotton and fertilizers, but as yet
record an increase of $47,101. It is now certain that no money is moving to that section in response to such
the results for the fiscal year to June 30 next null be inquiry, though it is regarded as probable that the de
much better than seemed likely a few months ago. mand for funds for re-discounts will be fully as great
For the seven months to January 31 net earnings had as it was last year, and perhaps larger. The supply o f
shown a loss as compared with the corresponding commercial paper is good but by no means eqiral to
period in the previous fiscal year of $272,893. But the demand, which is sufficiently great to absorb all
this loss has been reduced each month since then, and offerings. Quotations are 34 per cent for sixty to
for the ten months to April 30 the shortage as com ninety-day endorsed bills receivable; 3J@44 per cent
for first-class, and 44@5 per cent for good four to six
pared with 1895-6 is now only $197,498.
The Cleveland Cincinnati Chicago & St. Louis for months sir^gle names. A comparatively large amount
the same month reports comparatively small changes of very choice four months single-name paper has been
— $32,870 increase in gross, $1,799 increase in net. bought by one of the banks this week at 34 per cent.
Some slight influence upon the European security
Southern roads show various results. The Southern
Railway has $86,014 increase in gross, $70,816 increase markets this week has been caused by the varying
in n e t; the Chesapeake & Ohio, with $78,824 increase aspect of peace negotiations, and also by a rumor
in gross, has only $369 increase in n e t ; the Central of regarding the health of Barnato, the South African
Georgia, with $1,351 decrease in gross, has $27,758 mining operator; but the London market for money
increase in net, and the Cincinnati New Orleans has not been disturbed and the tendency is towards
& Texas Pacific has $36,439 increase in gross ease. The Bank of England minimum rate of discount
and $38,173 increase in net.
In the South remains unchanged at 2 per cent. The cable reports
west the St. Louis & San Francisco has added discounts of sixty to ninety-day bank bills in London
$29,776 to its grosB and $19,849 to its net, and the 1 per cent. The open market rate at Paris is I f per
San Antonio & Aransas Pa3S respectively $53,200 and cent, at Berlin it is 2 f per cent and at Frankfort 24 per
$21,159.
The Atchison, with $307,228 increase in cent. According to our special cable from London
gross, has sustained $124,072 decrease in net. the Bank of England lost £147,075 bullion during the
In the Northwest the Milwaukee & St. Paul week and held £36,531,749 at the close of the week.
falls behind $162,820 in the gross and $35,750 in the Our correspondent further advises us that the loss was
net, and the Minneapolis & St. Louis, while having due to the imports of £210,000 (of which £60,000 were
suffered a reduction of $6,155 in the gross, has suc from Australia and £150,000 from the Cape), to £3,000
ceeded in enlarging its net by $4,822. The Chicago net sent to the interior of Great Britain and to £354, & North Western does not give out the net, but in the 000 sold in the open market, which report says was
gross there is a contraction of $232,076.
Among the principally for Russia and Austria.
The foreign exchange market was easy on Monday,
anthracite coal roads, the Central of New Jersey has
$21,038 decrease in gross but $15,224 increase in net. growing weak on Wednesday, influenced by offerings..
THE
1020
(H K O N 1 C L E .
o f bill.-,- drawn against exports o f gold and also by
drafts music.-: 'hsptneni# «*f provisions and flour, and
it was stead-, at tlw d eclin e on Thursday and quite
dull
Tin- g.ild exports for the week wore $500,000 by
B erin g .M:.#i'*tn & C o. fo r K id d er, Peabody & Co. of
B
#l,v;.o.*KM by hazard Freres and $000,000 by
I*. Y ou H offm ann iY O o., on T uesday, and $500,000 b y
I . ! r<3 Frer< ■ on Thursday. A ll o f this gold went to
F r .e .c t . and a- sight sterling ru led below the point at
w hich the shipm ent cou ld be made as a d ire ct
exekaugi operation, it follow# that the exp ort was
facilitated by a triangular m ovem ent based upon
tlie condition o f sterlin g at
Paris on L ondon,
i io t all o f the g old was taken
from the SubT re a su ry . *1.510,000 o f it com in g from hanks,
where it had been accu m u lated from various sources
by the shipper#.
It was rep orted on W ednesday that
m ore g >M w eald g o forw ard on Saturday, b u t none
was engaged. T h e posted rates fo r exchange were
4 St fo r sixty day and 4 88 to 4 884 fo r sight until
Tuesday, w hen Brown Bros, reduced b oth long and
sh ort half a cen t, m aking the range fo r the rem ainder
o f the week 4 864 to 4 87 fo r sixty day and 4 88
to 4 SSI for sight.
Rates fo r actual business
opened oh Monday easy at a reduction o f one-quarter
o f a cen t, com pared with the close on Friday o f
la st week, for short sterling and cable transfers, at
4 876/4 87 j for th e form er and 4 8 7 i @ 4 8 7 i fo r
vhc la:ter. while the rate fo r lo n g Sterling was
un ch anged at 4 8 6 @ 4 86}. T h ere was no alteration
in the rates on the follow in g day. the m arket being
dull and steady, but ou W ednesday th e tone grew
weak
tual business were red u ced on equarter of a c e n t, to 4 *YiC<t l 86 for lon g , 4 8 6 f @ 4 87
for short and 4 87(54 87,} fo r cable transfers. There
was no change on Thursday or Friday and the m arket
was steady nt the decline. T h e follow in g table shows
tin- daily posted rates fo r exchange by som e o f the
leading drawers.
D A IL T COSTED R A T E S F O R F O R E IG N E X C H A N G E .
F lu ,.
M o n ., j T u b s ,,
w m .
T u t m .,
8“
8*
66*
88 „
87
87
68*
68*
F r i .,
M 'iy 21 M ay 24.| M ay 25. M ay 26. May 27. May 28.
B row a
8?
88*
B M tes
SO O dsyn
M m o o o S C o . . 1 S ta hl—. .
B».a i (S m it h
100 d a y * .
M o . A o io r t c A .. I S lx t iU .
B ook o f
je O d A j * .
M o n t r e a l..........| S ta h l „
C a a a d a u j B ank § 00 d a y * .
o f Com m & rm.. < S i g h t . . , .
!e k » f 60 days
•UMKiMr k Co, \ S i g h t . , , .
87
V r e r e .A , } § $ £ *
•NK flltoftte* Ilk .
,
id o d a y s,
5 S i g h t , ,.
87
88*
87
as*
87
tm
87
83
87
£ «*
87
88*
87
88*
87
88*
87
m
S£f
87
88*
m i'
87
87
s
88
88
87
i
87
Is*
87
88*
87
88*
88*
n *
87
88*
87
€8 *
87
87
83*
87
88*
87
88
88
i
87
87
88*
88*
88
87
68*
H7
SB*
§8“
8*
87
87
88
88
m t
88*
87
T n c market closed firm on Friday with the posted
ro' - at t 8G4@4 87 for sixty day and 4 8 8 @ 4 8 8 }-fo r
aitrht. Kates; for actual business were 4 8 5 f@ 4 86 fo r
* - ' H,*i@ 1 87 for short and 4 8 7 @ 4 8 7 } fo r cable
transfer#. Prim e com m ercial bills were 4 8 5 } @ f 85}
and docum entary 4 8 4 f@ 4 85.
T h e follow in g statem ent gives the w eek’s movem ents
■uf money to and from the interior by the Now Y ork
banks.
« '" ■
KM >no N n
C n n o a e v , , ..............
litc r ir s d h y 1 Shipped b y
V , r . Banks, j V .
Bank*.'
le w .
N et In terior
Movement.
Y.
,
..... T f l f l ,f.oJ4 a ii4 le g a l l a n d e r s . . . .
t 8 .4 0 a .0 0 0 i
4 8 9 ,0 0 0 ]
S 1 .5 H 7 .0 0 0 10 » l o . * 8 . 8 0 S.O 0 0
1 8 0 ,0 0 0 : « n In
3 0 0 ,0 0 0
t8 .-8 fli.0 0 B I
.•Sl.THIS.OOO O ninJM .lO ft.O O O
Result with Sub-Trees try operations, etc.
M ay
iM R.
In fo
n in k t,
tw iv ttm n s t s s s s o U c a b o r e
T ^ a a .o p n m rtiii a n d g o l d o x p t a .
s»l g o M and.
,
j
out o f
V et C h im e in
flm la .
U m k Hitldtuyt,
# -'> .S »l,0 0 0 1 1 ,7 8 8 ,0 0 0 O a l n .-4 ,1 0 S » 0
1 0 .4 0 0 ,0 0 0 ! 1 0 ,8 0 0 .0 0 0 I,M B . a . t o o ' o o o
t 2 1 . 9 8 8 . 0 0 0 fin t n
* 7 0 * non
fVoi., LXIV,
A m o u n t o f bullion in principal E uropean hanks.
M ay 2 7 ,1 8 9 7 .
Bank o f
E a g h u id ..........
Frano o ... .
G u r t u u n y ... ,
A u s t .-H u n g ’ y
S p a in .
.....
N et h e rla n d s ,
N a t B e lg iu m .
M ai » ,1 8 0 8 .
Gold.
Silver.
Total.
Gold.
*
£
£
M
86.531 749
36,531,740
79,016.1*81 49,118,851 128,105,635
30,762,000 IS,6 9 6 .0 (0 46,468,01*0
12.632.000 48.380.000
8.649.000 10.501.000 19.150.001
9 ,5 8 2 001'
2.630.000 0 . 9 .S2 .0 0 0
2,791,338 1,897,667
i . 187,007
.
S lie e r.
-
lotah
£
<7,2*5,613
47,225,543
79,94 1,416 50,094.739 330,030,234
30.813.100 15,44 7,600 46.200.000
£7,874,000 12 815.000 4 o ,is o ,a t o
8 4 0 6 , tOO 1 0,780,0 < 19.188.000
9.578.000
2.638 OOP 0 0 1 2 .0 0 1
8 .905.000
2.063,883 1.331,607
Tot.thlfl week
104,079,068 BP,308*918 290,884,33d 1 00 ,*8 0 ,3 7 2 W7,tlU,»< 6 208.490,777
T o t . r»r<*v. w 'k 192 8 02,100 0 5 8 8 4 ,4 8 4 » W flHfl.693 107,833,19 « PO.S23.701 234,050.397
THE S U P H EM E COU RT A SI) T11E IN T E R
S T A T E COMMERCE COMMISSION.
A fte r the decision o f the U n ite d States Suprem e
C ourt in the Trans-M issouri F reig h t cases, it is re
fresh in g to have its decisions this week in the cases
involvin g the duties and pow ers o f the In ter-S tate
C om m erce C om m ission. T h e C ourt decides that under
the Inter-State law the Com m ission has no pow er to
fix rates; and fu rth erm ore, it so construes a n d in ter
prets the law that it can be m ade an instrum ent fo r the
p rotection o f security h olders as well as o f shippers.
T h ere were decisions in a n um ber o f cases bearin g
on the con stru ction o f the Inter-State law , but
the m ost im portan t one was that against the
C incinnati Mew Orleans & T exas P a cific R ail
way
and other
Southern roads in suits orig
inally institu ted by the C h icago F re ig h t Bureau
and th e C incinnati C ham ber o f C om m erce. I t will
be rem em bered that a little over a year ago the Court
delivered several im portan t opin ions, and th at in one
o f these (th e S ocia l C ircle ease) it overru led the C om
m ission in an attem pt to low er rates, and laid dow n
the d octrin e that th at b od y had no pow er to fix rates.
It was seen at th e tim e that this d octrin e was o f farreach in g im portan ce.
Since then th e circu it courts
in th e various actions that have com e before them
have cited that op in ion as a g rou n d fo r den y in g to th c.
Com m ission the righ t to have its orders p rescrib in g
rates en forced .
T h e C om m ission sou gh t, how ever, to
give the language o f th e C ourt a m ore restricted
m eaning, a rgu in g th a t th e rem arks w ere in ten d ed to
cov er on ly cases w hore the Com m ission sou gh t to
fix rates on its own m otion or w ith ou t a previous hear
ing.
T h e decisions this w eek com p letely sweep this
plea aside.
T h e op in ion was by J u d g e Brewer, and lie said that
the pow er to prescribe a tariff o f rates fo r carriage is
a legislative and n ot an adm inistrative or a ju d icia l
fu n ctio n , and is a pow er o f extrem e d elicacy and im
portance. I t is n ot to be presum ed, he d eclared, that
Congress has transferred such pow er to any adm inis
trative body. T h e w ords and phrases necessary to
m ake the delegation o f pow er are w ell u n derstood,
and if Congress had intend ed to gran t the pow er to
the In ter-S tate C om m erce C om m ission, it w ou ld have
used language to do so. l ie pointed ou t that in cor
pora tin g into a statute the ob liga tion to m ake all
charges reasonable and ju st, and d irectin g the C om
mission to execu te and en force that statute, does n ot
invest it with the pow er to exercise the legislative
fu n ctio n o f prescrib in g rates which shall con trol in
the fu tu re. F u rth erm ore th e righ t o f th e carrier to
fix rates is recogn ized in the clear lan gu a ge o f section
six.
A n sw ering the query w hether th e C om m ission then
has any fu n c tio n to p erform in respect to th e m atter
o f rates, the C ou rt says un qu estion ably it has, and
May 29, 1897. J
THE
C H R O N IC L E .
most important duties. It is charged with the gen
eral duty of inquiring as to the management of rail
road companies and to keep itself informed, &c. It
has a right to compel complete and full information
as to the manner in which carriers are transacting
their business. With this knowledge it is charged
with the duty of seeing that there is no violation of
the long-and-short-haul clause ; that there is no dis
crimination between individual shippers ; that noth
ing is done by rebate or device to give preference to
one as against another ; no undue preference to one
place or individual or class of individuals ; but that
in all things the quality of right, which is the great pur
pose of the Inter-State act, shall be secured to all
shippers. The Commission must see that that public
ity which is required by section six of the act is ob
served by the railroads. The Court quotes Commis
sioner Cooley to the effect that holding the railroad
companies to strict compliance with all these statu
tory provisions, and enforcing obedience to all these
provisions, tends both to reasonableness and equality of
rates as contemplated by the Inter-State law.
It is not to be supposed, argues Justice Brewer,
that Congress could ever authorize an administrative
body to establish rates without inquiry and examina
tion, “ to evolve, as it were, out of its own conscious
ness the satisfactory solution of the difficult problem
of just and reasonable rates for the various roads
in the country.” The opinion points out that the
Commission is not limited in an inquiry to rates in
which a formal complaint is made, but under section 13
may institute any inquiry on its own motion. “ There
is nothing in the act requiring the Commission to pro
ceed singly against each railroad for every supposed or
alleged violation of the act. In the case now at hand,
if the fact exists as claimed there would be no escape
from the conclusion that it would be within the dis
cretion of the Commission of its own motion to suggest
that the inter-State rates on all roads in the country
were unjust, and to notify the several roads of such
opinion, direct a hearing, and make one general order
reaching every road and covering every rate. It will
never do to make a provision prescribing the mode and
manner applicable to all investigations and all occasions
equivalent to a grant of power in reference to some
specific matter not otherwise conferred.”
Justice Brewer quotes the Commission against
itself in the case of Thatcher against the Delaware
Road, where the Commission said : “ It is therefore
impossible to fix them (rates) in this case, even if the
Commission had the power to fix rates generally, which
it has not.” After noting that nowhere in the act is
there any suggestion of any maximum or minimum
rate, the Court makes the important declaration that “ a
rate may be unreasonable because it is too low as well
as too high—in the one case unreasonableness to the
stockholder, in the other to the shipper.” The Court
also repeats its declaration in the Covington turnpike
case, that in determining the question of reasonable
ness the duty is to take into consideration both
the interests of the public and the owner of
the property. Summing up, the Court says : “ Our
conclusion then is that Congress has not conferred
upon the Commission the legislative power of prescrib
ing rates, either maximum or minimum or absolute.
As it did not give the express power to the Commis
sion, it did not intend to secure the result indirectly
by empowering that tribunal to determine what, in
reference to the past, is reasonable and just, whether
1021
as to the maximum, minimum or absolute, and then
enable it to obtain from the courts a peremptory order
that in the future the railroads should follow the rates
thus determined to have been in the past reasonable
and just.”
It should be noted that the decision in this case is
not that of a divided, but that of a nearly unanimous
Court, only one of the judges (Justice Harlan) dissent
ing. The ruling is noteworthy and important not
only because it so clearly and unequivocally denies to
the Commission the power to fix rates, but also
(and perhaps still more) because it lays down the
doctrine that rates may be unreasonable in being
too low as well as in being too high, and that the in
terests of the owners of the property are entitled to
consideration equally with the users.
This is all that
any one can ask; and had the Inter-State Commerce
Commission in its various rulings acted on that idea,
the law might have proved a very beneficial enact
ment. But the Commission chose to act on the oppo
site theory—to make the law a one-sided affair, to be
used against the roads but never in their favor.
There is likelihood that indirectly great good may
result from this decision. The ruling in the TransMissouri Freight cases has left the railroads in a very
precarious situation in the matter of rates, so that
new legislation is necessary to prevent general chaos.
But such legislation the Inter-State Commerce has
opposed, having recently written a long letter showing
hostility to the proposed pooling bill now under con
sideration in the Senate. The denial to the Commis
sion of the right to fix rates changes the whole aspect
of things. The Commission finds that its powers
have been curtailed. It will presum bly therefore now
co-operate with the roads in having the law amended;
and in view of the importance of the railroad indus
try we cannot believe that the interests and require
ments of the roads will be entirely ignored in a new
scheme of legislation.
T H E Q U E E N ’ S J U B IL E E .
On the 20th of next month will be celebrated with
due ceremonial the sixtieth anniversary of Queen
Victoria’s accession to the British throne. The occa
sion will be in many ways remarkable. Merely as
marking a reign exceptionally long in the annals of
sovereignty, this sixty-year continuous occupancy of
the throne of a great nation is an event in history.
Her reign has already extended over a longer period
than that of any previous English sovereign. The
long reign of George III. lacked nine months of the
sixty years which his granddaughter’s reign has now
nearly completed, and in his last nine years of sover
eignty King George was incapable of ruling.
The
other long reigns of English history—-Henry III.’ s
fifty-seven years upon the throne and Elizabeth’ s,
forty-four—fall materially short of the present
Queen’s extraordinary record. Louis X IV . of France,
who inherited the throne in 1643 and died in 1715,
may be said to have reigned the longest of any sover
eign in history. But Louis was only five years old at
his father’s death and until 1661 France was virtually
governed by a regency. The present Queen of Eng
land, though only nineteen years of age when she
succeeded to the throne, exercised from the first the
constitutional attributes of sovereignty. It is doubt
ful whether history records a parallel instance in con
tinuous roval administration.
1022
1’ H E
(H K O N 1 C L B .
[Vol. LXIY.
o f precisely snch a reign, by pre- ten d en cies o f the tim e, and has adapted h e r
.» sovereign, in Great Britain since 1837 is own p osition to them . In this there has been
begin n ing to la? recogn ized . It is the com m on place n o stru gg le and surrender, as w ith the earlier
o f her fam ily, nor any sullen sub
q { c r i t i o m to com pare th e pow er o f the titular head sovereigns
o f E ngland’s G overnm ent with the power o f our C h ief mission sim ilar to that o f her im m ediate p red e
Ksv.-ntm - ami to contrast these power# to the disadvan- cessors. T h e Crown retained its norm al prestige, the
the
rights
w hich
t,vc’ *C tht fr o w n . T ile President o f the U nited States P eop le and the P arliam ent
d
evelop
ed
with
the
needs
o
f
the
day.
O
nly
on
one
ii Uu nation's actual ruler; in- is the actual com m anderoccasion
,
in
her
fam
ou
s
reb
u
k
e
to
L
o
r
d
P
alm
erston
in
iti-chu'f o f its armies and n a v ie s : the a pp oin tin g
powvr a-id the veto power, under their C onstitutional 1850, lias the Queen ever taken issue w ith a M inister ;
restrictions, rest absolutely in his hands; his ministers and in th at case fa u lt was not fo u n d with the M inis
are m all respects his personal ch o ice . N one o f these ter’s p u b lic p o licy , b u t w ith his p ra ctice o f alterin g a
power# is actually exercised b y the English sovereign. p olicy , already agreed tp by th e sovereign , w ith ou t
Tin- Queen does not even nam e, except b y em pty su bm ittin g his alterations to the Queen. Personal
form , the com m anders o f the British f o r c e s ; her likes and dislikes, w h ich n o t unnaturally had been the
pow er o f appointment- in the civil service practically w eak p o in t in the career o f previous E n glish queens
; tlieor
illy she m ay veto Parlia — even o f one as co o l and sagacious as E lizab eth —
mentary measures; in actual fa c t she has never done have played no part w hatever in this reign. It was
so and would probably n o t be recogn ized in d oin g so; th o u g h t at V icto ria ’s accession that she p re fe rre d
her ministers are chosen on the nom ination o f a party L o r d M elbourn e above any oth er c o u n c illo r : it has
caucus in the Com m ons, and the n om ination thus sub been said in re ce n t years th a t her p olitica l ch o ice was
mitted is to all intents and purposes appointm ent. cen tred in L ord Salisbury; and it has been b eliev ed
Y et in spite o f this apparent la ck o f real a uthority the th a t n either P alm erston n or G ladstone was a p rem ier
Queen’# iullnence on the p olitical history o f her tim e altogeth er t o h er lik in g . B u t e x ce p t f o r th e episode
has been very g r e a t ; not less so. it may properly be already n oticed , there has been no p ro o f o f any fe e lin g
affirmed, th rou g h what she has refrained from doing o f the s o r t ; th e Q ueen has u n iform ly carried ou t w ith
d ig n ity th e real purposes o f the E n glish con stitu tion .
than through what she actually has done.
B ein g m oreover b y n o means a w eak or m e d io cre
Even sixty years ago it was lo n g since the British
sovereigu had exerted any d irect influence on legis- character, the Q ueen lias b ecom e a q u iet b u t essential
lation.
H er two predecessors had repeatedly sub fa cto r on a good m any occasions o f im p ortan ce. T h e
m itted to Parliamentary measures strongly repugnant restless you n g E m peror o f G erm any has m ore th a n
to them personally, and th ou gh they had subm itted on ce h u rried his cou n try alm ost to th e verge o f war b y
with bad grace enough, they had confirm ed the saying or d oin g som eth in g w h ich in itself d id n o t ex
precedent. But in the British governm ental system ceed the p riv ileg e o f a con stitu tion a l sovereign. T h e
the policies initiated by a cabinet, especially in fo r Queen o f E n gla n d , or a K in g who m igh t have o c c u p ie d
eign affair#, are apt to shape in d irectly the action her pla ce, c o u ld in th e same way have done equal m is
of Parliament, a u d it has never been im practicable fo r ch ief ; fo r these are days w hen w ords co u n t fo r as
the sovereign, under certain con dition s, to influence m u ch at tim es, in the in tercou rse o f nations, as fo rm a l
or con trol these cabinet policies. G eorge II. fo rce d legislative a ction . B u t the Q u een ’s op portu n ities in
out o f office Hie m inisters whose plans did n ot suit his th is regard have been used with rare discretion .
H is
purposes.
G eorge I I I ., in the w ords o f th e historian tory has record ed the very great influence exerted b y
o? England in the E ighteenth C entury, "a s s u m e d the the Queen a n d the P rin ce C onsort in the critica l daysposition not on ly o f a prim e m inister but of a cabinet, o f 1861 towards m ain tain in g frien d ly relations w ith th e
superintending, d irectin g and prescribing, in all its U n ited States. T h is was an instance all the m ore
parts, the policy of the govern m en t.”
George IV . notew orthy fro m the fa c t that the M inistry o f the day
and W illiam IV . cam e in to repeated collision w ith was infinitely less con cilia tory. T a k in g a p eriod o f
Had either been a sovereign of m ore recen t date, there is the b est o f reason to believe
force and ability, the royal prerogative m ight have that the personal go o d offices o f the Q ueen d id m u ch
becom e a different matter in their reigns, and this in the early storm y days o f 1896 to sm ooth away in te r
- cTadoa! !<>-■- (>f power by the national frictio n . T h e pains ta ken b y L ord Salisbury
Crown over the electorates. In 1837, when the sov w ith in a m on th to arrange a personal interview be
ereignty devolved upon the present Queen, it is a tw een his sovereign and th e P residen t o f the F r e n c h
matter nf history that p u b lic opin ion in many quarters R ep u b lic show ed that at least one exp erien ced states
look ed forward with distrust to a possible m inistry o ! man had n o t lost faith in the influen ce o f the Q ueen.
royal favorites.
It may in fa c t be said w ith ou t exaggeration th at
T h e influence o f the Crown was in fa ct by no means Q ueen V icto ria ’s character has b<5en as fo rtu n a te ly
*o far dim inished at that tim e that a struggle o f some adapted to the genius o f the N in eteen th C entury asson was impossible. In such u struggle Parliam ent was that o f her great predecessor to the S ixteen th .
and the people would u n d ou b ted ly have won, but un V ictoria w ou ld possibly have m ade b u t small im pression
fortunate rem it* m ight con ceiv ab ly have follow ed from on th e w orld o f absolute gov ern m en t and collision o f
their very victory. T h e English legislators have been uneasy States w h ich existed three h u n dred years a g o .
self-restrained at nearly all great crises in the co u n try ’s B u t E lizabeth w ou ld be as strangely ou t o f p la ce in
history ; vet the general m ovem ent o f reaction from a 1897; indeed, the E lizabeth of history w ou ld to-day be
c-entmbzed power which occu rred th rou gh ou t Europe u tte rly im possible. N eith er o f these tw o rem arkable
fiu r n g 1M-. w .c severe and th orou gh, and m igh t have wom en can be con sidered apart fro m th e con d ition s
bre; very d i-t orbing influence on England hut fo r th e and circu m stan ces in w h ich th eir characters fo u n d
already well-defined attitude o f the Queen. It is, in developm ent. It is the suprem e m erit in th e charac
fact, the high m erit o f V icto ria ’s career that she has ter o f each that th ey com p reh en d ed th e ten d en cy and
rv u g n u e d -i.-n in advance o f actual dem onstration the spirit o f the tim e and adapted th eir ow n careers to it.
Tht
c :. ] v
THE
May 29, 1897,]
C H R O N IC L E .
Three European sovereigns since the close of the
Napoleonic wars hare left the impress of their person
ality on an epoch of distinct and abiding national
achievement. These three are Emperor William I. of
Germany, King Victor Emmanuel of Italy and Queen
Victoria of England. It is not without significance
that each of these sovereigns has been remarkable,
first for discerning the true movement of national
sentiment and aspiration, and second for co-operating
cordially with such ministers as best interpreted this
movement. None of the three achieved distinction as
an autocrat; all recognized the limitations which
the Nineteenth Century had placed upon their
office.
Compared with such spectacular charac
ters and reigns as those of Charles V ., Louis
X IV .
and Napoleon I.,
their history may
seem commonplace.
But the three notable sov
ereigns last mentioned left their States at the end of
their careers in ruin or decay. In recent times the
almost equally powerful political careers of the Third
Napoleon and of Alexander II. of Russia ended with
the condition of their people very little bettered, and
with nothing contributed to history except some
changes in the map of Europe. Such times as ours
demand something different from their rulers; it is
therefore a true instinct which celebrates the quiet,
orderly and progressive reign of Queen Victoria. A
succession of sovereigns with similar methods and pur
poses, in the European States east of the Rhine, would
.solve the Continental problem which sometimes nowa
days seems insoluble.
Certainly nothing else will
solve it.
C A N A D I A N CU STO M S T A R I F F P O L I C Y —
M A N O H E S T E R C O T T O N G O O D S M A R K E T .*
M
anchester,
M a y 19.
The new departure in Canadian Customs tariff pol
icy has excited singularly little attention in the United
Kingdom. Partly no doubt because its importance
and its far reaching consequences are as yet very im
perfectly comprehended and partly because the public
mind is too full of more' exciting questions, the signifi
cance of the movement remains so far unrevealed.
Even those who knew the strength of the desire in
Canada for what is called an Imperial Customs Union
were not prepared for an unconditional offer of pref
erential treatment at the Dominion Customs Houses
of British productions. Still less were they prepared
for its announcement by a Liberal Administration >
since the backbone of the Canadian advocacy of the
Customs Union was furnished by the Conservatives.
It will be remembered that at the Congress of
Chambers of Commerce of the Empire held in
London last June the series of motions in favor
of a Customs Union on a preferential basis— which
were not adopted— proceeded from Canadian repre
sentatives and some of them were the outcome
of the Ottawa conference, previously held. Of the
popularity and sincerity of the present movement no
doubt whatever is entertained here, although it is
imagined that it owes some of the earnestness with
which it is supported to the Dingley Bill and the
readiness with which this was passed by the House of
Representatives. But however gratifying the pro
ject may be, and however welcome on various grounds,
political and commercial, those who have given close
♦Communicated by our special correspondent at Man
chester.
1023
attention to it recognize that it must necessarily raise
a question of great interest and magnitude, in view of
the British treaties of 1862 and 1865, concluded re
spectively with Belgium and Germany. Clause 15 of
the former says: “ Articles the produce or manufac
ture of Belgium shall not be subject in the British
colonies to other or higher duties than those which
are, or may be, imposed upon similar articles of Brit
ish origin.” A clause of like purport is contained in
the German treaty. In several other treaties subse
quently concluded by the British Government “ most
favored nation” provisions are inserted with reference
to the colonies, which, by implication, convey the
same privilege.
For the last 13 or 14 years this stipulation has always
been omitted. There can be no doubt, however, that
the German and Belgian governments will claim that
the preferential rates of duty in Canada shall be ap
plied to the productions of their respective countries.
This claim the Canadian Administration is not disposed
to admit, except upon condition of reciprocal terms in
the German and Belgian tariffs being accorded to
Canadian produce. The solution of the problem thus
emerging will have to be found at the Colonial Office,
and there can be no doubt that it will form the subject
of very earnest conference between Mr. Laurier, when
he visits England next month, and Mr. Chamberlain,
the Secretary of State for the Colonies.
There appear to be only two modes of dealing with
the difficulty. The two Continental governments may
be asked to make some modification of their tariffs so
far as Canadian produce is concerned which will war
rant the extension to the productions of Germany and
Belgium of the preferential tariff; or, failing the suc
cess of such a proposal, twelve months’ notice may be
given to terminate and revise the treaties of 1862 and
1865 with a view to the excision of the clauses relating
to the colonies. The first course is very likely to in
volve the revision of the German treaties concluded
in 1892 with Austria, Italy and other European States
and that of a later date made with Russia. Hence
arises a new possible difficulty. The second is clearly
easy enough (as a matter of right), but it can hardly be
unattended by the risk of some sort of retaliation or
threatened retaliation on the part of Germany and
Belgium. So far as this country is concerned there
can be no doubt that such action, or even the threat
of it, would be very reluctantly adopted by either
country, for the policy of unconditional free trade in
England and the large market here which is open to
the whole world are highly appreciated throughout
Europe. They have proved sufficient, for example, in
France to secure the voluntary concession of most
favored nation treatment for British productions, this
being there not the subject of treaty but of special
statute passed by the French Parliament in 1882.
It is apparent, therefore, that some very interesting,
and perhaps not altogether easy, diplomatic work has
been cut out for Lord Salisbury’s Government by the
new Canadian departure. Meanwhile British goods
are entering Canada under the preferential rates of
duty, and certificates of origin are being issued by the
Chambers of Commerce for such goods.
The state of the Manchester market for cotton
goods and yarns can hardly be described by a
weaker word than that of “ depressed.” Rarely, in
recent years, have the scantiness of the demand and
the lowness of prices in relation to the cost of produc
tion been so widespread. Producing, as they do, an
THE
1024
T/gfyfmmv.M. ■" .-... ' 1 1............... '::rr
C H R O N IC L E .
iacstlrutablo variety o f good s for all m arkets, the
spinners, m anufacturers, ca lic o printers, dyers and
bU a-.-i i r- <■( Great Britain are never altogether under
a cloud. In the worst o f times som e exceptional insum. •i are »m*t with in w h ich they are able to keep
their m achinery fu lly em ployed and to earn some
pr..ii:
.lust now . how ever, such instances are very
rare, ami the com p lain in g is alm ost general. T ru e,
t)u di tribution o f good s in the hom e trade continues
fairly abundant, but this departm ent, im portant as it
is, does not t a k e o ff quite on e-fou rth o f the p rod u c
tion of the spindles and loom s o f the country.
T h e dem and for India is appreciably redu ced, not
so m uch by the fam ine as by the con tin u ed effects of
the pestilence and the scarcity o f m oney in India.
The grain trade and the relief operations in the dependeney absorb a m uch larger p rop ortion of its Cur
rency than in norm al years, a nd since the m ints are
closed the supply o f m oney fo r other purposes is
m uch lessened. H ence the native distributers of
piece goods and oth er m erchandise are greatly ham
pered by the high rates o f interest— often from 14 to
If. per cent— which they have to pay fo r loans and
di-counts.
Exports o f goods to India have conse
quently fallen off considerably, and seem lik ely to he
lessened still futher, if one may ju d g e from the scanti
ness o f the new con tracts now b ein g con clu d ed.
T h en , too, the dem and fo r the S ou th and Central
A m erican m arkets is weak, particularly those o f Brazil
and the A rgentin e R epublic. In the last-nam ed
country the effects o f the d estru ction to crops caused
by locusts last year are added to oth er causes o f de
pression.
Exports to T u rkey have shown a gratifyin g im prove
ment during the hist few m onths, and fo r a longer
period those to Syria, in particular, have been very
liberal.
Indeed m erchants trading with B eyrou th a ve
en joyed, for »t least a year, an excellen t and profitable
trade, the country served from that p ort having been,
on the whole, prosperous and free from the disturb
ances which have devastated A rm enia. T h e E gyptian
market has also been en cou ragin g, and it is still re
garded as a prom ising one.
On the whole, however, the im m ediate prospect in
Manchester is far from being h op efu l, and it is certain
that the quantity o f weaving m achinery standing idle
or working short-tim e is increasing, although in rela_
tion io the entire industry it can n ot be called large.
The .spinning branches have for m ore than a year been
relatively in a b etter state than th e w eaving, and even
now -pinners are, as a rule, able to avoid accum ulatmu s o f stocks. T h eir con d ition , though, in this respect
h ......fin in g slowly worse, and they can hardly keep so
firm a hold upon prices as they could a few weeks ago.
m i:
r siox
p a c if ic
[Von, LXIV.
"i'"'"■' ■
r e o r g a n iz a t io n
SCH EM E.
In rite 1 cited States C ircu it C ourt at St. Paul
Mittn.. last week, the petition o f th e Credits Com m uta
tion Company for leave to intervene in the U nioi
l*w ifm foreclosure suits was dism issed. T h e petitioi
w.i, not considered o f any consequence, as it was diffi
c ,,h l "
how the petitioner had any stan din g in tin
still the decision is interesting as m arking tin
dispn.-Msl of another on e o f those proceedings which, a
Mr, W in dow S. Pierce puts it (in answering the orde
o f the Court t o show cau se), have com e to be almos
inevitable at a certain stage o f railway foreclosure an<
reortranizatioi,.
A s regards the reports w h ich have this week co m e
from the oth er side, say in g that there was con sid er
able dissatisfaction with th e reorgan ization p lan on th e
part o f the foreign holders o f U nion P acific securities,
and su ggestin g the possibility o f som e op position , we
th in k they possess little im portance.
W e are sure th ey
would, have received no n otice w hatever e x ce p t fo r th e
coin cid e n t appearance o f an a rticle in “ T h e E co n o
m ist ” o f L o n d o n criticiz in g the plan. F u lly 80 per cen t
o f all the b on d s em braced in the plan and over 95 p er
cen t o f th e stock have given their adhesion to th e p lan ;
so it is eviden t that th e m aterial ou t o f w h ich to org an
ize an op position is in any even t very slender. O f
course the p osition o f “ T h e E c o n o m is t” is su ch
as to invest its criticism s w ith m u ch w eigh t, and
h e n ce even th ou g h the w ork o f reorganization has p ro
gressed so far th a t it is on ly a m atter o f a few m on th s
b efore it will be a ltogeth er com p leted , it seems desir
able to consider very ca refu lly what “ T h e E con om ist ”
says and see if its con clu sion s are supported b y the
fa cts.
T h e “ E c o n o m is t” speaks w ith ou t reserve, and a fter
u rgin g a num ber o f o b je ctio n s to the plan it con clu d es
its a rticle in these w ords : “ T h a t schem e, as wTe have
already said, is one ou t o f w h ich the reorganizers may
make m oney, h u t it will benefit no one else, and it
w ou ld be well i f even at this, the eleventh h ou r, it
cou ld he d e fe a te d .” T h is is stron g lan gu age, and fo r
ourselves we m ust say it does n ot seem ju stified . T h e
w riter o f the a rticle th in k s th e stock h old ers sh ou ld
have been a ccord ed b etter treatm ent— that the assess
m ent o f $15 a share is to o onerous a a d th a t the sch em e
puts an unnecessarily large and greatly inflated am ount
o f securities ahead o f the stock . H e says th e plan
“ involves th e issue o f $100,000,000 o f 4 per cen t g o ld
m ortgage bond s, to replace abou t $90,000,000 o f exist
in g bonds b earin g fro m 5 to 8 per cen t in t e r e s t:
$75,000,000 of 4 per ce n t p referred sto ck , chiefly to
be used as com pen sation to th e b on d h old ers co n v e rt
ing, and $61,000,000 o f com m on stock to replace the
present shares, w h ich , u n der the. schem e, w ould be
assessed at $15 a p iece.”
T h e “ E co n o m ist” regards such drastic proposals
dou b ly o b jection a b le in the lig h t o f the com pan y's
rep ort fo r 1896, show ing “ a d ebit balance o f n o m ore
than $1,091,000.” In view o f that statem ent a re o r
ganization should certain ly be possible, it con ten d s,
“ w ith ou t h avin g recourse to such a g ig a n tic inflation
o f the capital o f the u n d e rta k in g .” I t criticizes p a r
ticularly that part o f th e schem e a llottin g to th e pres
ent m ortgage bond h old ers a large am ount o f new
p referred stock as an in d u cem en t to them to a cce p t
the new bonds in exch an ge fo r their present bonds.
On this p o in t it says: “ Seeing, how ever, that oth er
A m erica n railroads are at present co n v e rtin g th eir
h igh -rated bonds into 3| p er ce n t securities, th e m o rt
gage bond h old ers o f th e U n io n P acific m ig h t very well
be co n te n t t o renew their b on d s u pon a 4 per cen t
basis w ith ou t receiv in g such a bonus in p referred
s to c k ,”
A t the outset we may rem ark that th e “ E c o n o m is t”
lias overlook ed one very im portan t fa ct, nam ely f l a t
last January a fter th e m a kin g o f th e co n tra ct w ith
th e G overnm ent the a m ou nt o f first m ortga ge b o n d s to
be issued under the plan was red u ced fr o m 100 m illion
dollars to 75 m illions.
T h is m akes a differen ce o f 25
m illion dollars in the am ount o f the securities to he
p u t ahead o f the sto ck and a saving o f $1,000,000 a
year in th e fixed charges p reced in g the sto ck . F u r-
Mat 29, 1897.J
THE
C H K 0N 1C LE .
th e r m o r e w e c a n n o t see th a t th e r e is a n y th in g p a r
1025
a lre a d y m a tu re d , o r w ill s h o r tly m a tu re , so an a llo w
tic u la r ly e n c o u r a g in g in th e fa c t th a t th e d e fic ie n cy
a n ce o f p r e fe r r e d s t o c k to c o m p e n s a te f o r th e r e t ir e
in e a r n in g ch a rg es (o n th e m a in lin e m ile a g e ) in 1896
m e n t o f th e b o n d s in
w as “ n o m o r e th a n $ 1 ,0 9 1 ,0 0 0 ” , e sp e cia lly w h e n it is
n ecessary .
r e m e m b e r e d th a t th e
ev en basis, b o n d
G o v e r n m e n t r e q u ir e m e n t
de
a d v a n c e o f m a tu r ity w as n o t
O n th e o th e r h a n d , an
ex ch an ge
f o r b o n d , w ith o u t
on
an
an y b o n u s , w as
d u c t e d in r e a c h in g th a t r e su lt fe ll th r e e -q u a r te r s o f a u n q u e s tio n a b ly n o t w ith in th e ra n g e o f p r o b a b ilitie s m illio n d olla rs sh o rt o f m e e t in g th e in te re st p a id b y
T h e c o m p a ris o n w h ic h th e “ E c o n o m is t ” m a k e s w ith
th e G o v e r n m e n t in th a t y ea r on th e su b s id y b o n d s is
th e co m p a n ie s th a t h a v e r e c e n t ly
su e d to th e ro a d .
cen t bon ds
O f c o u r s e th is is b e t te r th a n th e
seem s t o
n e g o t ia t e d
us q u ite in a p t.
3 i per
I t is g iv e n to
r e su lt in 1894, w h en th e d e fic ie n c y w as $ 1 ,8 6 2 ,7 3 3 ;
v ery fe w c o m p a n ie s in th is c o u n tr y t o flo a t b o n d s o n a
b u t a loss o f a m illio n d o lla rs ($ 1 ,0 9 1 ,5 8 7 ) is c e r ta in ly
3-J p e r c e n t basis.
a la rg e a m o u n t; th e d e fic ie n c y in 1895 was n o t q u ite
o f lo n g s ta n d in g a n d e x c e p tio n a l
as h ea v y as th is , b e in g $8 23,788.
b o r r o w o n s u c h term s.
A s to th e d iffe r e n c e in ca p ita liz a tio n
b e tw e e n
th e
o ld c o m p a n y a n d th e n ew , it is n o t as g re a t as m ig h t
O n ly d iv id e n d -p a y in g c o r p o r a t io n s
T h e r e m u st b e in
possessed b y
c r e d it c a n
h o p e to
M ere s o lv e n c y is n o t e n o u g h .
a d d itio n
all th e o th e r
a d v a n ta g es
c o m p a n ie s lik e th e N e w Y o r k C e n tr a l,
T h e n ew c o m p a n y w ill h a v e an a g g r e
th e L a k e S h o re a n d th e I llin o is C en tra l, w h ic h h a v e
g a te c a p ita l o f $ 2 1 1 ,0 0 0 ,0 0 0 , su p p o s in g th e se cu ritie s
la te ly b e e n s u c c e s s fu l in t h e ir a tte m p ts to p la c e 3£ p e r
p r o v id e d u n d e r th e r e o r g a n iz a tio n p la n are
c e n t issu es.
b e su p p o s e d .
— th a t is, it
all issu ed
w ill h a v e $ 7 5 ,0 0 0 ,0 0 0 o f 4 p e r c e n t
m o r tg a g e b o n d s , $ 7 5 ,0 0 0 ,0 0 0 o f
n o n -c u m u la tiv e
fe r r e d s t o c k an d $6 1 ,0 0 0 ,0 0 0 o f c o m m o n
stock .
E v e n a 4 p e r c e n t rate is n o t alw ays a tta in a b le to an
1st
pre
o r d in a r ily s o lv e n t c o m p a n y .
The
U n io n P a c ific w e are n o t d e a lin g w ith a s o lv e n t p r o p
B u t in th e ca se o f th e
o ld c o m p a n y , a c c o r d in g to th e sta te m e n t c o n t a in e d in
e rty b u t w ith an in s o lv e n t o n e , a n d o n e t o o w h ose
th e r e o rg a n iz a tio n pla n u n d e r
fu tu r e it w as e x c e p tio n a lly h a rd to d e te r m in e , b y rea son
d a te o f
O ctob er
1895,
h a d a b o n d e d in d e b te d n e s s o f $ 8 7 ,3 8 6 ,3 5 0 (a lw a ys e x
o f th e c o m p lic a tio n s a ris in g o u t o f th e in d e b te d n e s s
c e p t in g o f c o u r se th e d e b t o n th e b r a n c h an d a u x ilia ry
to
lin e s ), a n d o w e d th e U n it e d S tates $3 3 ,5 3 9 ,5 1 2 on th e
h a v e n o d o u b t th e n ew first m o r tg a g e b o n d s w ill in
p r in c ip a l o f th e su b sid y lo a n
th e
G overn m en t and
v a riou s o th e r cau ses.
We
th e
tim e be sh o w n to b e a v e ry d esira b le in v e s tm e n t, b u t
u n p a id a c c u m u la tio n s o f in te re st (in e x cess o f th e esti
th a t fa c t m u st be in c o n tr o v e r t ib ly esta b lis h e d b e fo r e in
m a ted v a lu e o f th e s in k in g fu n d assets in th e G o v e r n
v estors c a n b e g o t t o ta k e th e m a t a fig u r e a n d on a basis
m e n t T r e a s u r y ), m a k in g a to ta l d e b t o f
su ch as a p r im e 4 p e r c e n t b o n d s h o u ld c o m m a n d .
a n d $ 1 9 ,5 0 0 ,0 0 0 on
$ 1 40 ,4 25 ,8 62 .
F r o m th is w e m a y d e d u c t $ 8 ,7 0 8 ,8 5 0 o f m a in lin e b o n d s
n o t a c tu a lly o u ts ta n d in g
but
h e ld
in
th e
v ariou s
As
th ere was th is e le m e n t o f d o u b t , a ffe c tin g a lik e th e v a lu e
o f th e n ew b o n d s a n d th e v a lu e o f th e n e w p r e fe r r e d
s in k in g fu n d s , le a v in g th e a m o u n t o f th e d e b t r o u g h ly
s t o c k , a n d as th e su cce s s o f th e
$1 3 1 ,7 1 7 ,0 0 0 .
o n g e t t in g th e assen t o f th e b o n d h o ld e r s a n d in m a k in g
A d d in g
th e
$ 6 0 ,8 6 8 ,5 0 0 o f s t o c k , w e
h a v e an a g g re g a te ca p ita liz a tio n fo r
th e o ld c o m p a n y
sc h e m e d e p e n d e d
a sa tis fa c to r y s e ttle m e n t w ith th e G o v e r n m e n t, it
w as
o f $192^,585,000, a g a in st th e $ 2 1 1 ,0 0 0 ,0 0 0 fo r th e n ew
o b v io u s ly n ecessa ry to o ffe r v ery lib e ra l in d u c e m e n t s
com pa n y.
d olla rs o f
so as to te m p t th e b o n d h o ld e r s t o c o m e in .
d olla rs o f
g iv e n th e b o n d s a m o u n ts in c e rta in cases t o
p r e se n t
To
be su re th e
1924 m illio n
d e b t e m b ra ce s a b o u t
20 m illio n
v a riou s issues o f c o lla te ra l tr u s t b o n d s n o t
hended
in
th e
r e o rg a n iz a tio n
com p re
(t h o u g h a p a rt o f th e
c e n t , a n d th a t c e r ta in ly seem s la rg e .
T h e bonus
50 p e r
B u t th e
m any
le tte r s w e h a v e r e c e iv e d fr o m b o n d h o ld e r s h ere a n d in
reserv e o f p r e fe r r e d s t o c k w ill, w e su p p o s e , u ltim a te ly
E u rope
g o to ta k e u p som e o f th ese issu es),
w h eth er it w o u ld n o t be b e t te r to a c c e p t p a y m e n t o f
lio n
d olla rs o f b o n d s
is n o w
b u t th is 20 m il
a c tu a lly
in
e x iste n c e
a h ea d o f th e s t o c k , a n d th e r e fo r e c a n n o t be e x c lu d e d
in c o m p a r in g
th e
p o s itio n o f th e
stock
b e fo r e and
A s t o th e s ta n d in g o f th e s t o c k w ith r e fe r e n c e to
th e
la st
e ig h te e n
m o n th s,
th e b o n d s in ca sh ra th er th a n assen t to th e
a s k in g
reorgan
iza tion sc h e m e a n d ta k e th e n ew s e c u ritie s o ffe r e d in
e x c h a n g e , m a k e it c le a r th a t an y sm a ller a llo tm e n t o f
n ew
a fte r r e o rg a n iza tio n .
d u r in g
s e c u ritie s t o th e
o ld
b o n d h o ld e r s
je o p a r d iz e d th e su ccess o f th e sch em e.
w o u ld
have
I t is t o b e r e
on
m e m b e re d , to o , th a t th e situ a tio n o f th e c o m p a n y has
th e b o n d s in 1896 w as $ 4 ,5 4 8 ,4 7 0 , th e U n it e d S tates
im p ro v e d so m e w h a t sin c e th e sc h e m e was first p r o m iil-
r e q u ire m e n t was $ 1 ,2 4 4 ,2 8 6 , a n d
g a te d .
th e y ea rly
fix ed
c h a rg e s,
th e
c a ll f o r in te r e st
th e
s in k in g
fu n d
c h a r g e w as $6 97 ,9 70 , m a k in g th e to ta l fix ed re q u ire
m e n t fo r th e y ea r a h ea d o f th e s t o c k $ 6 ,4 9 0 ,7 2 6 .
In
A s to th e tr e a tm e n t o f th e s t o c k , it w as o f c o u r se
w ith in th e p o w e r o f th e
1895 th e to t a l o f th e sam e th r e e ite m s was $ 6 ,5 7 7 ,9 5 5 ,
to g e th e r fr o m
a n d fo r th e five y ears fr o m
sh o u ld h ave r e g a rd e d
1890
to 1894 in clu s iv e ,
re o rg a n ize rs to e x c lu d e it al
p a rticip a tio n .
as in
T h a t,
th e a v e ra g e y ea rly a m o u n t o f th e fix e d ch a rg e s o r d e
M a n y o f th e h o ld e r s b o u g h t th e
d u c t io n s fr o m n e t e a rn in g s w as $ 6 ,8 0 2 ,0 0 1 .
and it w as d esira b le th a t th e ir
re o rg a n iz a tio n
A f t e r th e
th e o b lig a to r y y ea rly in te re st r e q u ir e
serv ed i f p ossib le.
h o w e v e r,
we
ev ery w ay a m is fo r tu n e .
sh ares a t h ig h fig u res
e q u ity
sh o u ld b e p r e
O n th e o th e r h a n d , as it w as u n d e r
T h e fo u r p er
th e m a n a g e m e n t o f th e s t o c k th a t th e d isa strou s c o n
p r e fe r r e d s t o c k
d itio n o f th e p r o p e r t y was b r o u g h t a b o u t, th e s t o c k
w ou ld ta k e $ 3 ,0 0 0 ,0 0 0 m o r e , b u t th is a n d th e b o n d in
h old ers o b v io u s ly w ere c a lle d u p o n to bea r th e ir share
m e n t w ill b e o n ly $ 3 ,0 0 0 ,0 0 0 p e r yea r.
c e n t d iv id e n d
o n th e
terest to g e th e r
o n ly
a g a in st m u c h la rg e r
$ 7 5 ,0 0 0 ,0 0 0 o f
m ake
$6 ,0 0 0 ,0 0 0
a m o u n ts , as w e
p er
a n n u m ? o f th e b u r d e n s n ecessary to r e h a b ilita te th e p r o p e r ty .
h ave seen , o f
ch a rg es a h ea d o f th e p re se n t c o m m o n sto c k .
O n th is
N o r ca n th e assessm ent o f $15 00 p e r share b e r e g a r d e d
render th e c irc u m s ta n ce s as u n d u ly h e a v y , e s p e cia lly as
s h o w in g , th e r e fo r e , th e p r o s p e c t fo r th e s t o c k w ill be
p r e fe r r e d s t o c k is to
b e tte r
w h ich s t o c k o u g h t to c o m m a n d a m u c h b e t te r p r ic e
ra th er th a n
w orse a fte r r e o rg a n iz a tio n , n o t
w ith s ta n d in g a som ew h a t in cre a s e d c a p ita liz a tio n .
A s to w h eth er th e term s
a llo w e d
th e
b o n d h o ld e r s
th a n
p r e fe r r e d
u su a lly
do,
be
shares
sin c e
th e
g iv e n
of
fo r
th e
r e o rg a n iz e d
am ount
of
assessm en t,
p r o p e r tie s
fix e d
c h a rg e s
are n o t m o r e lib e ra l th a n was n e e d fu l, th a t m u s t b e a
a h ea d o f th e p r e fe r r e d shares in th is case is to b e r e la
m a tte r la r g e ly o f o p in io n .
tiv e ly
L -
M ost
of
th e
b o n d s h ave
so sm all.
B esid es,
as th e
G overn m en t
w as
1020
m e
C H R O JN 1C L E .
|Vol, LilV.
Iron A Steel Institute and the Iron Trade Association,
which occurred in London last week, and it was
treated very seriously by both bodies; yet without any
manifestation of alarm. The papers and speeches
show that the whole subject of the relative cost of pro
duction in the United States and in Great Britain has
been minutely investigated. The not results of the
discussions fall into two classes, those connected with
the methods and management of the industry in the
two countries, and those attributable to natural advan
tages and facilities of transport. It was freely ac
knowledged that American blast furnace practice has
made great- strides within the last two or three years
towards more economical production, and already it is
being followed, though tardily, in this country.
The performances of the Duquesne blast furnace
plant of the Carnegie Steel Company received, of
course, full attention. Its largest out-turn of 4,110
tons of pig iron in a single week contrasts very strik
ingly with one of 1,600 or 1,700 tons which is consid
ered a satisfactory production from the better class of
furnaces at present working in this country. The
superiority rests partly upon constructural arrange
ments designed to save labor, but largely also upon the
use of a greater pressure of blast. Oue leading English
firm, Messrs. Bolckow, Vaughan & Co., of Middleborough, is now putting down six pairs of new engines
for the purpose of attaining this object, and there can
be no doubt that the stimulus given by these American
improvements will before long be found to have
brought about almost a revolution in the making of
pig iron in this country. But American ingenuity and
energy are also leading the way in lessening the cost,
by increasing the amount of the out-turn, in the pro
duction of steel rails and billets, and in this respect
THE J; UlTl
IRON A KB STEEL INDUSTRY
also their example is not likely to be neglected on this
A KB AMERICAN COMPETITION,.*
side the Atlantic.
M a n c h e s t e r , May 16, 1897.
The second class of advantages possessed by the
Within the last twelve months thoughtful men con American iron and steel producer presents obstacles
nected with the British iron and steel industries have far more difficult to overcome by his British competi
given much attention to the incipient competition of tor. Among these the cost of railway transport stands
American iron and steel in the European markets and foremost. Ocean freights are competitive, and there
to the prospects of its increase. For some time past is no complaint of the cost of bringing to our shores
United States pig iron has been quoted on the Man- the iron ore, amounting now to nearly 5,000,000 tons
cho?ter Exchange, delivered by steamer direct at the annually imported from Spain, Algeria, Greece, Italy,
ship canal docks, and numerous small shipments have Sweden and other countries, to supplement the indig
been disposed of.
The monthly official foreign trade enous supply. But the cost of railway transport of
statistics of the Kingdom do not state the amount of minerals and metals on British lines is, notoriously,
imports of iron and steel from each country, and the veiy much greater than that on American lines, and
more fully detailed volume, the “ Annual Statement” this difference is a series disadvantage because the
for 1*06, will not be issued until June or July. In utmost that it is possible at present to hope for is a
previous volume.'it appears that, in 1894 the imports lessening of it, not its elimination.
of American pig iron were 1,330 tons and in 1895
The story of the struggle against high railway freight
3,668 tons.
These trifling quantities came, however, rates in England is a long one, and all that need now
it may be confidently assumed, merely as ship’ s bal- be said is that the prospect of appreciable reduction is
la-t. The business has now reached the regular com- not bright, except perhaps so far as it can be looked
£n'-r-ial stage, and the Permanent Secretary of the for in the adoption of bogie trucks carrying very much
Board of Trade affirmed a few days ago that the quan heavier loads than the antiquated one now all but uni
tity received from the United States in January last versal in this country. The greater cost of fuel iu
wii- 9,000 ton* and in March 4,000 tons.
Great Britain than in the United States is a further
Kvcn more important is the fact that steel billets disability under which the British iron and steel manu
imported from the States to the extent of 3,000 facturer labors. It was stated by Sir Alfred Hickman
t'u - in January, 7,000 tons in February and ‘3,000 tons at the meeting of the British Iron Trade Association,
in March, American pig iron has also gone in small on the authority of Mr. W. E. Sterling, of the Illinois
q»:.u,riUcf> into the North European ports, and German Steel Company, that coal is obtained by the American
W-h producers are beginning to consider their signifi- iron producer at 3s. per ton, whilst in England the
(
I he question of American competition held a price is from 6s. to 8s. per ton. He quoted, as at least
completion place in the proceedings of the British a partial explanation of this wide difference, a state
rr< pondeut at Manchester. ment of Mr. Sam Woods, M. P., the well-known
failed m«*n to make such important sacrifices, it was
* V jiv ui U
•. .1 that the stock could escape
v.
considerable penult). Indeed, in view
c,f ji ,
in Oospiws against the road, it
mav v, ;; -..e qnvstitincd whether aw arrangement with
ip.v. rnnii'nt tvmild have been possible under a
scheme whi h did not provide for a considerable cash
contribution front the stock.
j.
M'fin. therefore, that the reorganization
pj;Ui
r ,r {rotu being inequitable was the best that
, J b<. U.vised under the circumstances. Wo eannot he! - thinking too that it is of benefit to every in
terest-to the stock, the bonds, the Government and
the public. The conclusion of an arrangement with
the Government was in every way a notable achieve
ment. Previously, on account of the attitude of Con
gress. it appeared as if no way out of the difficulty
cutsb.! in- found, and as if as a consequence a long
period id doubt- and suspense would have to be eneo tun ere L What is particularly commendable in the
arrangement is that while insuring to the Government
a minimum bid of *45,754.000 for its interest in the
property, it leaves the field open to other bidders, so
that if am- one feels willing and able to pay more
there is nothing to hinder him from doing so and the
Government from getting the increased sum. The
formation of a syndicate pledged to raise $65,000,000
to $7 5 , 0 0 0 , 0 0 0 on thirty days" notice is an equally note
worthy achievement. We understand that it is expected to bring the property to a sale this summer.
When thi» shall have been done and the relations with
the Government terminated, a long-standing reproach
to American finances will have been removed.
Mat 29, 1897.]
THE
m in e rs’ re p re s e n ta tiv e in
P a r lia m e n t, th a t h e fo u n d
c o llie r s w o r k in g a fu ll day o f ele v e n h ou rs in
can
C H R O N IC L E .
m in es fo r w a g es o f
A m e r i
c o m p e titio n
A m e r ic a f o r
th e rail tr a d e
of
th e
BONDS
IN
w h o le w o r ld .”
3s. to 4s. p e r da y, w h ilst in
E n g la n d th e ea rn in g s w ere fr o m os. 6d. t o 6s. p e r day
STATUS
o f sev en h ou rs.
I t is, o f
of
1027
OF
N O N -A S S E N T IN G
R E OR. G A N I Z A T I O N S
co u r s e , p e r fe c t ly tr u e th a t in
in d u stries
W IT H O U T
FORECLOSURE.
w h e re m a ch in e ry a n d o rg a n iz a tio n s p la y a p r e d o m in a n t
W e are p lea sed to m a k e r o o m f o r th e fo llo w in g le t
p a rt, lo w rates o f w ages d o n o t n ecessa rily m ea n lo w
te r c o n c e r n in g o u r a r ticle o f tw o w eek s a g o u n d e r th e
c o s t o f p r o d u c tio n .
a b o v e c a p tio n .
cost.
U s u a lly , in d e e d , th e y m ea n h ig h
B u t in coal m in in g , w h ere p u re p h y s ic a l la b o r ,
in ca p a b le o f m u c h a b r id g e m e n t, is th e c h ie f e le m e n t
o f p r o d u c t io n , th e v ie w ta k e n b y S ir A l fr e d H ic k m a n
is b y n o m ea n s, o b v io u s ly , u n fo u n d e d , a t lea st i f th e
da ta fu r n is h e d b y M r. W o o d s are c o r r e c t.
B u t h o w e v e r in te r e s tin g an d im p o r t a n t th ese d is
cu ssion s as t o th e rela tiv e e ffic ie n cy o f th e
A m e r ic a n
a n d B r itis h ir o n a n d steel in d u strie s , th e r e is o n e c o n
sid e ra tio n h a r d ly t o u c h e d
upon
by
m ost
ob serv ers,
w h ic h g o e s a lo n g w ay tow a rd e x p la in in g th e p resen t
im p o r t o f raw a n d m a n u fa c tu r e d ir o n fr o m th e U n ite d
S tates.
O n y o u r side o f th e A t la n t ic
tr a d e is v ery
h a d , a n d th e k in d jjof en terp rise w h ic h
is d ir e c te d
in v e s tm e n t in w o rk s o f lo n g d u r a tio n is fe e b le .
th is sid e c o n fid e n c e
is ju s t n o w m u c h
to
On
str o n g e r , a n d
th e ir o n a n d steel in d u s tr y in p a r tic u la r is m ore a ctiv e
th a n it has b e e n fo r years.
The
d e m a n d fo r
th ese
m eta ls in th e ir c o u n tle s s m a n u fa c tu r e d fo r m s f o r
all
sorts o f p u rp o s e s in b o t h th e h o m e a n d th e fo r e ig n
m a rk e ts is e x c e e d in g ly
a c tiv e .
In
th e
case
o f th e
la tte r th e a c tiv it y is m ea su ra b le in th e officia l sta tistics
o f ex p orts.
H e r e are th e fig u re s sh o w in g , u n d e r th ree
h ea d s, th e sh ip m e n ts o f ir o n a n d steel d u r in g th e first
f o u r m o n th s o f th is a n d e a ch o f th e tw o
p r e c e d in g
years:
1897.
Iron and steel.............. £8,146,914
8team engines..............
1,150,906
Maoliinery.....................
4.689,963
1896.
£7,274,206
948,282
4,311,207
Total.............. ....£ 1 3 ,9 8 7 ,7 8 3
1895,
£5,673,488
753,168
3,723,383
£12,533,695
£10,150,039
Increase 1896-7................. .............................£1,454,088, or 11-5 per cent
Increase 1895 7 ................................................ 3,837,744, or 37-8 per cent
T h e s e fig u res d o
n o t in c lu d e
th e v a lu e o f th e iro n
a n d steel c o n s u m e d in th e la rg e a m o u n t o f s h ip p in g
b u ilt fo r fo r e ig n
ow n ers, w h ic h
em b ra ce s a c o n s id e r
a b le to n n a g e fo r th e w ar vessels c o n s tr u c te d fo r fo r e ig n
g o v e r n m e n ts .
B u t at h o m e also th e d e m a n d f o r r a il
w ay m a teria l a n d e q u ip m e n t, f o r to o ls a n d m a ch in e ry ,
a n d fo r stru c tu ra l iro n a n d
n in e o r tw elv e
steel has d u r in g th e last
m o n th s b e e n
la rg e r
th a n
fo r several
y ears p r e v io u s ly .
W h ils t, th e r e fo r e , fo r c e s te n d in g to
in o r d in a te ly h a v e
been
S ta tes, th o se w o r k in g in th e
p r e v a ile d h ere.
dep ress p r ic e s
in o p e r a tio n in
o p p o s ite
th e U n it e d
d ir e c tio n h a v e
I n th ese c irc u m s ta n ce s it is n o t a t all
su r p risin g th a t th e c u r r e n t o f ir o n a n d
m o v e eastw ard , in d u c e d
by
d itio n s o f g e n e ra l tra d e
and
steel s h o u ld
th e w id e ly d iffe r e n t c o n
en te rp rise
on
th e tw o
sides o f th e o c e a n , a n d th e c o n s e q u e n t w id e v a ria tion s
o f p rice s.
p r ic e s
on
steel rails.
th e y
A s t r ik in g
th is sid e
L it t le
w ere s o ld
illu s tr a tio n o f th e
a d v a n ce o f
is a ffo r d e d in th e q u o ta tio n s f o r
m o r e th a n
e ig h te e n m o n th s a g o
in L a n c a s h ir e
a t £ 3 2s. 6d. p e r t o n ;
n ow th e p r ic e is £ 4 12s. 6 d ., a n d th e m ills
are b u sily
e m p lo y e d in e x e c u tio n o f c o n tr a c ts p r e v io u s ly en te re d
in to , a lth o u g h a t th e m o m e n t th e r e is n o t m u c h n ew
bu siness.
W it h r e fe r e n c e to th is p a rticu la r c o m m o d
it y , M r. A le x a n d e r
A rm ou r
o f L iv e r p o o l,
sp e a k in g
a t th e m e e tin g o f th e B r itis h I r o n A s s o c ia tio n , w arn ed
E n g lis h m a k ers o f rails
th a t
th e y w o u ld n o t lo n g be
a b le to m a in ta in th e ir e x is t in g q u o ta tio n s , sin ce “ th e
tim e is n o t fa r d is ta n t w h en th e y w ill h ave to fa c e th e
I t ex p la in s its e lf a n d calls fo r n o c o m
m en t.
N e w Y o r k , May 20th, 1897.
Editor o f the Commercial and Financial C hronicle:
D e a r Sir —My attention has been called to your report,
and editorial thereon, in your issue o f May 15th instant,
concern in g the decision o f the Appellate Division o f the
New Y ork Supreme Court, in the case o f Simon Rothschild,
a holder o f ten first m ortgage bonds o f the Denver & R io
Grande W estern Railw ay Company. H aving been the a t
torney for the Rio Grande W estern Railw ay, the successor
o f the obligor com pany,throughout the litigation, and bein g
conversant w ith all the facts o f the case, perm it me to state,
through the colum ns o f your journal, that w hile your report
and editorial in the m ain correctly state the facts o f the
case, yet the language o f the caption o f your editorial,
“ Status o f Non-assenting Bonds in Reorganizations W ith
out Foreclosure” , is, in m y opinion, calculated to con vey to
the m ind o f the casual reader the impression that the deci
sion in that case is an authority for the proposition that
notw ithstanding the provisions o f a m ortgage securing an
issue o f corporate bonds to the contrary, a bondholder can
have recourse to his legal rem edy for recovery o f principal
and interest upon the bonds.
Such a i impression w ould clearly b i erroneous, for the
decision cannot be regarded as a precedent upon such an
abstract proposition. The special facts and circum stances
appearing in the case, as your editorial intim ates render it
impossible to regard the decision as one of gen -ral application
regarding the right of m inority bondholders to enforce leg a l
remedies ordinarily incident to their bonds
In the Rothschild case the tw o salient questions w ere, first
the true interpretation of article V I I I . o f the trust deed o r
m ortgage securing the bonds, and Becond whether the offer
of proof of the funding plan m ade at the trial was sufficient
under the technical rules o f evidence to adm it of proof of th e
plan.
A s to the first question, Mr. Justice A ndrew s upon the first
trial, construing the provisions o f said article V I I I . of th a t
m ortgage, held that their true m eaning and legal operation
Were auch as to bar Mr. Rothschild, the bondholder, of a n ^
legal rem edy b y action to recover upon his coupons and non
suited him .
U p on appeal taken by Mr. Rothschild the
General Term of the Court, for the reasons stated in y o u r
editorial, reversed the decision o f Justice A ndrew s and
directed a new trial of the action. It was upon the second
trial that the other question as to the sufficiency of the offer
of proof of the fu n din g plan arose, and the recent decision o f
the Appelate D ivision, w hich your editorial refers to, w as
rendered upon the appeal taken by the com p any from th e
ju d gm e n t entered upon a verdict directed by the Court f o r
Mr. Rothschild upon the second trial. W e thus have tw o
conflicting decisions as to the true interpretation o f article
V I I I . of the m ortgage in question— one o f Justice A ndrew s in
favor of the railw ay com pany and another by the late Generali
Term o f the Suprem e Court in favor o f Mr. R othsohild.
W h ic h is correct? I t m ust not be overlooked that the A p p el
late Division in its recent decision (per curiam ) expressly says
th a t:
“ W e are not at liberty to consider anew the provisions o f
A rticle V III. o f the m ortgage in connection w ith the con
tention o f the defendant that the terms o f that article o b
struct the righ t o f the plaintiff to m aintain an action upon
the coupons; that question having been determ ined also
upon an appeal to the General Term (84 H un, 103) ”
a s far as the tech n ical question o f proof in the case al
luded to is concerned, it is a positive fa c t that the fu nding
plan has received the assent in binding form o f all the h old
ers o f the entire issue o f $6,900,000 in bonds, exceptin g on ly
tw en ty bonds, in cluding the ten held b y Mr. Rothschild.
It yet remains to be seen whether Mr. Rothschild, as th e
holder o f an insignificant am ount o f the issue o f $6,900,000
in bonds, w ill ultim ately succeed in his efforts and gain the
advantage he seeks in this instance over the vast m a jority
o f assenting bondholders; for an appeal from the decision o f
the Appellate Division to the Court of Appeals has just been
taken and perfected by the Railw ay Com pany, upon w hich
appeal the true m eaning and construction o f A rticle V III. o f
the m ortgage w ill doubtless be determ ined, and it is con fi
dently believed in favor o f the contention o f the com pany,
barring Mr. Rothschild o f any rem edy by his present action..
Y ou are certain ly correct, therefore, in your observation
that “ the existence o f these special features (above alluded
to) controllin g the determ ination (of the Appellate D ivision)
greatly lim it and restrict its significance” , and it seems to
me that you m ight have ventured further b y stating that
the present decision affords no precedent o f general appli
cation. Yours, & c.,
" T heodore F. H. M e t e r .
THE
102$
C H R O N IC L E
IMPORTS AND EXPORTS FOR APRIL ,
Tin, Bureau o t Statistic# lias issued a detailed statement of
ftl# 1fureigri commerce of tho country for the month of
Aprili, 1897 and 1896, and for the ten months ending
April. :;0 in v m - 9 7 and 1895-96 , as follows ;
M nm iiA w m sm ,
April.
end. Apr.
.. $76,176,997
1,048,703
***** »**•**...
10 m m .
SO,
$883,903,314
16,080.649
I m p»rt*~Fr*#» of d u ty . ...... ... #50,913,135
jpmiatd®,. „
*... 50,391,996
$899,983,963
$801,100,037
290,071,932
..$101,305,134
$600,171,969
m
..*.**..**<►**.
... $23,679,431
.* e»r im s&t*#*......................
S* E
,**... .. . #09,4O2,5H5
fjgpHIM
>.689,162
foreign,............
$299,811,994
$733,681,549
15,618,255
Tol-ai.«*•*«* .••*•«*.*.******. .. . $71,091,717
Import*—Free ot duty.... . . . #28.595.639
Dutiable............... ... 30,053,910
$749,332,804
$319,838,830
346,461,246
Tp'l-al.
$666,300,075
Total..................... ..........
Kxofrui of export*...
1896-97 —Export*..
Imports— .
..................
*12,142,168
SOLD COIN AND BULLION.
........................
$6,629,419
...........................
619,452
$83,032,729
$21,717,118
80,199,521
WXMm
of exports..
HiOO«» Of liBIPOrt*..
............................
$6,009,967
UWMXI.-Export*.
tin porta.—
............................
.............................
$3,782,260
1,119,768
$58,182,106
$86,290,157
30,278,320
Ki m ** of exports .
............ ...............
2,682,198
$56,011,837
OOLII IS OKB.
1896-97.—Eatport*.
Imports.....
............................
.............
$1,800
319,601
$245,458
2,769,103
K i f - t of Imports..
1895-96- Export*.
Imports......
.............................
............................
.............................
$317,801
$5,126
15 5,10J
$2,523,645
$30,319
1,539,965
Exon** of Imports..
.............................
$149,974
$1,459,646
silver
co m
and bullion.
1888-97.—Exports.
Im ports...,.
...... ....................... $1,806,895
..............................
578,124
$51,572,801
9,259,109
Bxos**ot exports.
1*98-98.—Exports.
Imports___
.............................
.............................
.............................
$4,318,771
$5,139,978
569,301
$42,313,092
$50,356,043
11,365,967
Kxe*** of export* ...................................
$1,570,677
$38,990,081
SILVER IK ORB.
1996-97.- Export*............................
Import* ..........
$250
1,604,104
$903,432
15,524,189
of import* ..................
1*95-96.—E x p ort*..................
import*........................................
$1,803,854
$14,665
1,574,353
$14,620,757
$547,539
12,874,550
BX.:*M of Import*................... ..............
#1,559,688
$12,327,011
IM P O R T S A N D
EXPORTS
OF
GO L D
AND
S IL V E R A T B A N FRANCISCO.
We have received this week from the Collector o f Customs
at 8an Francisco the details o f imports and exports o f gold
and silver through that port for the month o f April, and they
art presented M o w , together with the figures for the pre
ceding months, thus com pleting the results for the ten
months of the fi*cal year 1896-97. The imports o f gold were
a little It--.* than in March, the am ount received reselling
$kJ,68Si, of which 836,789 was in bullion, and o f silver there
came in $106,178, of w hich $77,527 was bullion. There has
I** n received during the ten months a total of $9,454,448 gold
and $1,790,239 stiver, which compares with $848,854 gold and
$1,672,0:19 silver in 1895-98. The shipments o f gold during
April were $5|,;t90 coin and $100 bullion, and the exports
ttf silver have been $19,012 coin and $372,644 bullion, For
the ten months the exports of gold have been $972,876, against
$589,818 in 1895-86 and $8,046,086 silver has been sent out,
agam-t $10,283,835 in 1895-96. The exhibit for April and
th»* ten month* ih as follow s :
tKrORr* OF COLD AND SULVRR AT SAN FRANCISCO.
Coin. BuHi&n j Total, j
LMMS497,
*
$
Jfety. . . . . . 1
$ 723 70,090“
79.403 1
A n n u l,,.,
0 239 41,069;
474808
2,072 409 2 , 1 0 Oi2 ,184,509;
P SS r*-1SSI® 20fi( 1 151,4412
,430*700
2,182 9* 1 129,10412,3 CK?,092
1,9
4% 295 139,050:-* ,087^051!
■|Immumt'f, I
7
35.732
11,712
57.790
k m
tifod i
1
%Xfi n km
w*
1tine
1eater
91,953
t 80,789j
u
in
SILVER.
Coin.
lS.867
4,264
10,935
13.002
7 6 ,5 1)
127.091
10,879
3,482
5® «94i
123,181
3.029
9 ^ 0 8 9 1 28,651
l 1 ie
VM
Bullion,
203,231
>■0,029
118,090
237,039
177.658
225,468
108,741
133,977
77,527
Tohu
$
229,(
84.5
129.1
250.1
200,!
305,:
236.1
U 2 .:
136.1
106,!
299,241 1,490,995 1,790,
l h j o u r fsjMMd al c o r r e s jx tn d e n
|VOL, LX1V.
SXPOSTS OF OOLD AND SILVER FROM SAS FRANCISCO,
GOLD.
UONTlIJi.
Coin.
1896-97.
Ju ly ..........
August —
September
O ctob er...
November.
December.
Jauuury ..
February..
M arch .. . . .
A p ril.........
Tot lO m os
SILVER.
BiUVn
$
Total.
Coin.
Bullion.
Total.
206,105
259,315
8,280 1,400
59,036
150
55,985
215,521
332
105.252
2,910
6,995
675
51,3w0
100
$
206,105
259,315
9,680
58,186
55,885
215,853
105,252
2,940
7,670
51,190
$
487,620
274,371
734,080
267,002
3 >4,980
751,350
512,510
512,910
587,300
372,044
$
621,486
377,662
791,640
-151,133
707,815
2,329,900
7 1,030
934,848
695,916
421,656
960,719
972,875 3,191,289 1,* 54,797
8,046,086
2,0*7
133,866
103,291
;
57,560
i 187,111
382,835
i1,578,550
198,490
391,93'1 108, >;16
4 9 ,0 12
I ^ o tte ta r g g © a m m e r c ia l£ tt0 U s fti& e u js
L o n d o n . S a t u r d a y , M ay 13, 1897.
[From our ow n correspondent,]
The new Greek G overnm ent intim ated a t the end o f last
week that it w ould gladly w elcom e intervention b y the
Pow ers, but did not officially apply fo r m ediation. A ll the
Pow ers were w illing to a ct at once w ith the ex cep tion o f
G erm any, w hich insisted that the Greek G overnm ent should
first w ith draw its troops from Crete and ackn ow ledge its
autonom y; in other words, give up all claim to the islan d:
w hilst the Greek G overnm ent was also required to com m it
its case w ithout reservation to the Powers. The G reek
G overnm ent feelin g itself powerless to resist the Turks fu r
ther, and anxious to avoid useless bloodshed, subm itted to
the harsh terms o f G erm any, and in tervention was im m ed
iately undertaken.
The attitude o f th e Sultan is somewhat, in doubt. H e re
called Ghazi Osman Pasha from Salonica because o f the
w arm reception everyw here accorded to the H ero o f Plevna,
and there is a general b elief th at already th e Sultan is
begin ning to fear the m ilitary influence o f Edhem P ash a.
The best hopes, therefore, are founded upon the tim idity o f
the Sultan. On the other hand, the M oham m edans are
naturally elated, and are m uch irritated by the in terven tion
o f the Pow ers.
It is to be feared that the conclu sion o f a satisfactory
peace w ill be difficult. This coun try, France and Ita ly are
anxious to protect G reece from loss o f territory and from an
oppressive w ar indem nity. Russia, it is th ou gh t n ow , like
wise wishes to protect G reece. She was not sorry that the
Greek pretensions to Salonica and C onstantinople should be
destroyed, but n ow that she is not able to play a grea t part
in the Balkan Peninsula, it is everyw here believed th at
Eussia is anxious to com e forw ard as her protector. On the
other hand, G erm any is so eager to favor the Turks in every
possible w ay that she w ill probably insist upon a large in
dem nity.
G erm any w ants large concessions for railw ay b u ild in g
and the like in Turkey, and she desires likew ise to gain
political influence, so th at she m ay play off Turkey against
Eussia i f an occasion should arise. P robably, likew ise, she
hopes to deprive this cou n try o f some o f its com m ercial im
portance in Turkey. A t all events, G erm any has been con
sistently hostile to Greece from the begin ning, and osten
tatiously friendly to Turkey. A t the same tim e, it is be
lieved in the best political circles and in the highest financial
circles, that the con cert betw een the Pow ers w ill be m ain
tained and th at a reasonable peace w ill be secured. The
Hungarian Prim e Minister in the H ungarian Parliam ent on
W edn esday declared th at the aims o f Russia in the Bast are
iden tical w ith those o f A ustria-H ungary; that both are
strivin g for tranquillity and order. If that be so, Germ any
w ill not be able to defeat the frien d ly desire o f the oth er
five Pow ers to protect G reece, though no dou bt she m ay
make serious difficulties.
The condition of A ustria-IIungary itself is g iv in g rise to
m u ch uneasiness. The present G overnm ent has n o m a jo r
ity ; Austria proper and H ungary have not yet arranged
the ten-years term o f union w hich ou gh t to be at on ce
renewed, and there are grave dissensions betw een the G er
mans and the Czechs in Bohemia. A ll that, how ever, is
calculated to m ake the Em peror Francis Joseph exert all his
great influence to preserve peace, abroad.
The condition o f Italy too, is disquieting. The Eudini
Cabinet is determ ined not to abandon altogether its A frica n
colony, and it is evident that this w ill result in a v ery sharp
struggle o f parties. W h at the consequence m igh t b e i f the
Mat 29, 1897. |
THE
C H R O N IC L E .
Pope were to instruct Rom an Catholic voters to take part in
the n ext election no,body can foresee.
The fam ine and
plague in India, unfortunately, are not m u ch abating, and
New South W ales, V ictoria and the southern part o f Queens
land are threatened w ith a third year in succession o f
drought. Happily, the prospect in South A frica seems to
be clearing. There is a very general expectation am ongst
all those conn ected w ith South A frica that the B oer G overn
ment w ill make very great concessions to the Uitlanders.
A s a result o f this and the universal opinion that peace
w ill be restored alm ost im m ediately in Europe, there has
been a w onderful revival in the stock markets this week.
In m any cases prices have risen 100 per cen t and in one or
tw o cases even more. The most active day was Monday,
when the crow ds surrounding the Stock E xchange rem inded
one o f the w ild tim es o f the boom o f 1895. Tuesday and
W ednesday w ere quieter but there was a rush to buy again
on Thursday. There was also a m u ch larger business done
in A m erican securities than for a lon g tim e past. I f the
ta riff bill w ere only settled in som e w ay or other w e should
probably see a considerable increase in A m erican invest®
ment.
A il the intelligence received here is th at President
M cK in ley is in fu ll sym pathy w ith Mr. Gage and that the
latter is preparing efficient measures for restoring order in
the curren cy. I f that is done, European investm ent w ill
prove very large. There has not been m uch business in
South Am erican securities. It is evident that the failure of
the crops is tellin g severely upon A rgen tine trade. The in
surrection in U ruguay continues, and the con dition o f
Brazil is an yth ing but prom ising. Continental markets are
all strong and hopeful, and both French and Germans are
bu ying South A frican shares here upon a large scale.
The Bank o f England on Thursday reduced its rate o f dis
count from tw o and a-half per cen t to tw o per cent. It has
hesitated for some weeks because o f the threatening state
o f politics and o f the consequent desire o f the Continental
banks to strengthen their g old reserves. Now, however,
that political apprehension has so m uch abated, the Contin
ental dem and for gold has practically ended, and New Y ork
seems to be supplying A ustria w ith all she wants.
Japan, it is true, is still bu yin g gold, and as she is about
to brin g ou t a loan for fou r m illions sterling, she w ill no
doubt take a considerable am ount during the course o f the
year. But the Japanese dem and standing alone is not very
im portant. A t all events rates in the open m arket have fallen
aw ay so com pletely that the Bank o f England has not found
it possible to keep up its rate any longer.
The silver m arket is w ith ou t life, bu t the India Council
has this week sold the fu ll am ount o f drafts offered, that is
35 lacs, about 30 in bills and about 5 in transfers. The
average price o f the bills was a trifle over Is. 2J^d. per rupee.
The long-expected sterling loan is announced. It is for
3l4 m illions sterling, is to bear interest at 2}£ per cen t and
the m inim um price is 95
The “ Railway News ” o f Condon reports the traffic receipts
for the week ending May 9 of 55 railways o f the United
K ingdom which make weekly returns at £1,664,788, against
£1,584,349 in the corresponding week of last year, an increase
o f £80,439. For the nineteen weeks of the current half-year
receipts were £29,169,736, an increase of £841,477.
MessrB. Pixley & Abell write as follows under date of
May 13:
Gold—Prices of a week ago are maintained, and although there Is
at present no inquiry for the East, the demand for Austria has
absorbed all arrivals. The Bank has received £73,000 in sovereigns,
and has sold £15,000 for Vienna. Arrivals: River Plate,£ 4 5 ,0 0 0 ;
South Africa. £ 8 5 ,0 0 0 ; New Zealand, £ 14 6 ,0 0 0 ; West Indies, £33,0 0 0 ; total, £309,000. Shipments to Bombay, £18,000.
Silver—The prtce gradually fell to 27>itp,d. when, with America
holding off, recovery ensued, and the market closes steady at 27%d.
Tire Bombay price to-day is 77% rupees per 100 tolahs. Arrivals:
New York. £21 9 ,00 0 ; West Indies, £ 2 7 ,0 0 0 ; total, £216,000. Ship
ments : Bombay, £72,400 ; Calcutta, £7,500 ; total, £79,900.
Mexican Dollars—These coin have scarcely been dealt in, and their
nearest'price is their silver value of 27%d. Shipments to Penang,
£1,900'
The quotations for bullion are reported as follow s:
G old .
London Standard.
May
13.
Bar gold, flne....nz
Bar gold.parting.oz.
Spanish, old........oz.
N e w ................ oz.
0 .8 . gold coin, .oz
Qerm'n gold ooln.oz.
French gold ooln.oz
8. d.
77 l l %
771 1 %
76 0%
76 1%
76 5%
76 3k
76 3k
May
6.
8.
77
77
76
76
76
76
76
d.
11
I lk
Oi*
1%
51s
3%
3k
SlLVEB.
London Standard.
Bar silver, flne...oz.
Bar silver, contain’g
do 5 grs. gold.oz.
do 4 grs. gold.oz.
do 3 grs. gold.oz.
Cake silver......... oz.
Mexican dollars.oz.
May
13.
May
6.
d.
27%
28
d.
283s
283ie
28
301,8
27%
28%
283,8
28%
30*4
27 >4
1029
The follow in g return shows the position o f the Bank o f
England, the Bank rate o f discount, the price o f consols,
& c., com pared w ith the last three years :
1897.
May 12.
27,409,295
Circulation.............................
Public deposits.......................... 10,189,734
Other deposits.......................... 39,446,125
Government securities............. 13,842,596
Other securities......................... 28,053,106
Reserve of notes and coin........ 25,611,289
Coln& bullion,both departm’ts 33,220,584
Crop.reserve to liabilities..p. o.
51&
Bank rate...................per cent.
2*
Consols, 2k per cent................
11314
27m
Silver....................................
Clearing-House returns........... 128,252 000
* May 13,1897.
+ May 16. 1895.
1896
1895.
M ay 13.
M ay 15.
26,194,170
14,152,105
49,441,954
15,260,785
28,501,086
37,672.583
47,066,750
59 1-16
2
HIM
30 15-10d.
135,241,000
25,790,580
8,443,118
34,871,939
13,424,606
19,710.815
27,959,874
30,956,454
04 5-16
2
105 13-10
30%d.+
169,539,000
1894
M ay 10.
25,058,035
7,634,959
29,760,824
9,894,422
20,522,07 2
24,701.865
33,009,900
05 15-10
2
100 7-16
28 l-16d
130,723,000
The rates for m oney have been as fo llo w s :
Interest allowed
for deposits by
Oven Market Bates.
.2
Bank Bills.
Trade Bills.
Disc’t H'se
Joint
g Three Four
Three Four
Six
Stock At 7 to 14
e
Six
U4 Months Months Months Months Months Months Banks. Call. Days.
as
t
Apr. 15 2)4 1MOU4
1)4
“ 23 2% 1 5-10
m 1MS1W
A
** 30 2k
m
t m iH
1
1 1-16
May 7
1W
•• 14 2 J6-16-16 RbU-lB 1)431)4
* i d -im -m
f i% * i 5-i6.
1
1
1
1
H
m
1M®1«
154
m 1«®2
1M
m
1%
1%
154
m
Ik
M
M
H
H
1
1
1
1
H
The Bank rate o f discount and open m arket rates at the
chief Continental cities have been as follow s:
Bates of
Interest at
Parts...............
Berlin............
Hamburg......
frankfort.__
Amsterdam....
Brussels........
Vienna..........
3t. Petersburg.
dadrld.........
Cooenhaeen..
May 14
May 7.
Bank Open Bank
Rate. Market Rate.
2
3
3
3
3
3
4
6
5
4%
i«
2)4
2%
254
2%
2
3*
6M
4
2
3
3
3
3
3
4
6
6
4
April 80.
April 23.
Open Bank Open Bank Open
Market Rate Market Rate. Market
2
2
m
m
3
3
2%
2)4
254
3
3
254
2)4
2«
3
3
214
214
2H
3
3
2)4
m
2)4
2
3
2
3
2
4
4
354
854
SH
0
6
654
654
m
4
6
4
6
4
4
4
4
4
A
The follow in g shows the im ports o f cereal produce into
the U nited K in gdom during the first th ir ty s ix weeks o f
the season com pared w ith previous seasons:
IMPORTS.
1896-7.
1895-6.
1893-4.
1894-5.
Imports of wheat,owt. 47,366.830 45.410.270 48,357,166 40.807.265
Barley.......................... 16,874,990 17.043,320 19,199,784 23,159.923
Oats..............................11,606,480
0,227.580
8,948,200
9,472,927
Peas............................. 2,364,745
1,864,720
1,691.469
1,300.767
Beane........................... 2,020,370
2,390,102
3 0^7,442
3.789,066
Indian corn................. 43,468,080 31,070.070 17,845,114 23,187,534
BTour............................ 15,254,400 14.799.420 13,713,120 13,319,513
Supplies available for consum ption (exclusive o f stocks on
September 1 ):
1896-7.
Wheat imported, owt.47,366,830
Imports of flour........15,254,400
Sales of home-grown.18,631,987
1895-6,
45.410.270
14.799.420
11,470,612
1894-5.
1893-4.
48,357,106 40,807,265
13,713,120 13,319,513
15,907,071 16,975,629
Total...................... 81,253,217 71,680,302 77,977,357
1896-7.
1895-6.
1894-5.
Aver.prioe wheat,week28s. 4d.
25s. 7d.
21a. 4d.
Average prloe, season..28s. lid .
25s. Id.
19s. lid .
The follow in g shows the quantities o f wheat,
maize afloat to the U nited K in g d o m :
This week.
Wheat..............qrs... 1,215,000
Flour, equal to q rs... 235,000
vfal ze.............. qrs. . . 620.000
E n g lis h
Last week.
1,275,000
205,000
655.000
F in a n c ia l
1896.
2,120,000
240.000
530.000
M a rk e ts—P e r
1895.
3,499,000
268,000
257,000
C a b le .
The daily closin g quotations for securities, &c. at London
are reported by cable as follow s for the week ending May 28:
L ondon .
Sat.
Mon.
Tues.
Wed.
Sliver, per ounce....... d.
Consols., new, 2 % p.cts.
For account...............
Fr’ohrentes(inParls)fr.
Atoh. Top. & Santa Fe.
Do
do
pref.
Canadian Pacific..........
Chesapeake & Ohio.......
Ohio. Milw. & Bt. Paul
Denv. & Rio Gr., pref..
Erie, oomrnon...............
1st preferred..............
Illinois Central..............
Lake Shore.....................
Louisville & Nashville.
Mexicai: Central, 4s -..
Mo. Kan. V Tex., com,
N. V. Cent '1 & Hudson
N. Y. Ontario & VVest’n
Norfolk & West’n, pref.
No. Pac. pref., tr. reots.
Pennsylvania................
Phila. & Read., per sh..
South’n Railway, com..
Preferred....................
U n io n Paolflo.................
Wabash, preferred.......
27%
113%
1139,6
103-40
10k
20%
5(3
16k
76%
38%
12k
30
95
167%
45%
70 k
I lk
101%
14
27 k
37 k
53k
9k
8%
26%
6%
12%
279,8
113k
113k
10335
10k
20%
56%
16k
75 k
36%
12%
29 k
95 k
167k
45%
70
n%
101k
14
27 k
37k
53%
9k
8
26%
634
12%
279,8
1139l6
113%
103-45
10 34
20%
56%
163a
76 k
39
12k
30
95
168
46 k
70
ilk
102
14
27%
38%
53 k
9%
8%
26 k
7%
13
279,8
11338
1137,8
103-50
10%
21%
5734
16%
77%
39 k
12%
30
95
169
46%
70
n%
102
14k
28%
38%
53 k
9%
8%
27%
7
13%
Thurs.
Fri.
279,8 27%
1137,8 113%
U37,„
137,8
103-45
11
10%
22 k
22k
58
58%
16%
16%
76k
7 7k
39%
39
12%
12%
31%
3 1k
96
169
46%
46%
70%
70 k
11%
1138
102k 102k
1430
14%
28 k
28%
3 »k
38%
533a
53 3S
93s
93s
8%
8%
27%
27%
7%
7
13k
13%
fH E
1030
C H R O N IC L E ,
CC o m m c t c i u l a n t l B T i s c c l l a t i c o u s I ^ c x o s
jfuTi ,v a , B a s k ^.—'The follow in g inform ation regarding
entivnal bunk* is from the Treasury Departm ent:
NATIONAL Ua KKS OROANSFBD.
*, .
„
m.
run National Bank of 1'hlUpKbtirtr, Petmajlvanln.
t aj-itai, <50,000. — ---------- , Preautrot r Chat let G. Avery,
s 067 - Tie*'jUn-ivIHe National Bank, Rockville, 1ml. Capital. $50,, ,«> tiasuuci i_ Mo oil-, I'rtMldeol:
H. Nlohnls. Cashier.
1 r»t National Bank o f fo r t Jefferson, Now York. Capital,
» 11.11 . e. Qyaugo T. Fanning. President; Frank A . K line,
Cashier.
P.
»,
~' l ,
i,,;,-!!;,-
i
Co>an|»itu National
* o.ooo. J.
a.
Bank. Coraopntle,
Pennsylvania.
Ferguson, Pre-idem; R. J. Davidson,
Cashier.
O'lMOBMr, KXISTENCk EXTENDED.
• 3t t j: .. n r f t National Hank o f Sluuaniloah, Iowa, until M ay 5,
1817.
, ' in.- F r»s National Hank Of Beatrice, Nebraska, until May 11,
1817.
Tin- Second National Batik o f Slant heater. New Hampshire,
.......
until May 15, 1917.
i.et,»tiiin National Bank, Lebanon, Ohio, until May 16
Cw
1017.
LIQUIDATION.
3,131—The First National Hank o f E xeter, Nebraska, has gone Into
voluntary liquidation, by resolution o f Its stockholders dated
Apt 11 S, ist*,", to take efieet April 9, 1897.
; i -1 <h- Mi r< lianta* National Bank o f Brow nw ood, Texas, has gone
into voluntary liquidation by resolution o f its stockholders
dated Mail'll 16, 1897.
4 ,5 75-T b i- Ch< niical National Bank o f St. Louis, Missouri, has gone
jiito voluntarv ibiuidution by resolution o f its stookholdora
dated April 1, 1887
I m ports a n d E x p o r t s f o r t h e W e e k .— T he
th e im p o r ts at N ew Y o r k fo r th e w eek e n d in g
May ‘. a an d fo r th e w e e k e n d in g f o r g en era l
M ay :i; ,d * . to ta ls s in c e th e b e g in n in g o f th e
January,
FOKEHih- IMPORTS AT NEW YORK.
1897.
jPer *ne
•
1896.
fo llo w in g are
fo r d ry good s
m erch an dise
first w eek in
1894.
1895.
Dry ec*od».
taer'iiiiM--
£2,873,284
8,097,730
$1,526,606
7,152,600
$2,583,091
6,551,864
$1,016,426
4,674,452
Total
Sint-e Jran» 1,
Dry g ood ii....
de& 'I mer'difM*
$10,971,014
$9,979,206
$9,114,955
$5,690,878
858,648,209
HU, 392,411
$62,208,169
141,272,774
$01,509,635
140,589,844
$35,124,429
136,175,943
Total 20 weekri $220,040,020 $103,480,943 $202,098,979 $171,300,372
Tin* imports o f dry goods for one week later w ill be found
in our report o f the'dry goods trade.
The follow in g is a statement o f the exports (exclusive of
ipecie) from the p ort o f New Y ork to foreign ports for the
week ending May 24 and from January 1 to date :
EXPORTS FROM NEW YORK FOR THE WEEK.
|
1897.
1898.
i-iu.127,u;o
Pr*v. rcportetlj 146,990,700
$8,048,701
142,836,743
1894.
$6,792,364
139,471,148
Total 30 week- $157,117,866 $150,875,444 $135,707,735 $146,263,512
The follow in g table shows the exports and im ports o f specie
at the port o f New Y ork for the w eek en d in g May 22 and
since January 1, 1897, and for the corresponding periods in
1898 and 1895:
EXTORTS AND IMPORTS OF SPECIE AT NEW YORK.
(Sold.
•Qreat Britain.........
France.....................
ItttJlOI'lf.
Exports.
Week.
8 inc&Jan.l.
■West Indies............
1,800
$979,600
9,163,672
3,570,000
404,582
Sooth America.......
■UU other countries.
5.800
200
132,936
200
Total 1897........
Total 1896........
Total 1895........
MItct,
$1,301,054
$1,209,454 $14,311,000
2,759.575; 30,819,513
4,4881 34.201,540
Exports,
Week.
Since Fan. 1.
Great Britain........
Ptaftoe.
CMsnbust ............
We*t tm m m ..,,___
H n i M ...................
Bouth M.martca____
All other countries.
$837,113 $17,526,423
638,000
5,750
75,680
138,207
500
18,835
080
060
Total 1897..—
Total 1890,......
Total
*013,453 $18,328,435
1,010,650 20,434,835
87*3,380 12.928,940
Wee*,
Since Jan. 1.
$112,606
$15,44*2
2,102
10,000
10
987,756
51.085
219,081
157,538
$27,544
13,877
1,210,083
$1,528,076
18,118,553
19,852,823
Imports.
Week.
Since Jan. 1.
$2,022
$011
26,399
30,340
1.000
73,049
507,174
321,417
25,568
$57,350
36,983
53,734
$930,530
970,925
590,820
O f th e a b o v e im p o r ts for the week in 1897 §22,759 were
A in n ricn n g o ld c o in a n d $290 Am erican silver coin, O f the
‘ l"'rts d u r in g th e m m e time $7,8)0 were Am erican gold
u in.
—Notice is given that on and after June Ut, 1897, the Mer
cantile Trust Company, o f New York, w ill pay coupon No.
13 o f the first mortgage 5 per cent bonds of the Iow a Cen
tral Railw ay Company, and on and after June 1st, 1897, the
Central Trust Company, o f New York, w ill pay coupon No.
24 o f the Keithsburg Bridge Company first m ortgage 6 per
cent bonds, due June 1st, guaranteed by the Iow a Central
Railway Company,
— $150,000 Richm ond Railw ay & Electric Co. first m ort
gage bonds are offered for sale at 83% by W . H , Cooper, 45
Broadw ay. For particulars see his advertisement. A map o f
this com pany’s system is published on page 75 o f the S t r e e t
R a i l w a y S u p p l e m e n t , issued w ith tc-day's C h r o n ic l e .
— Messrs, Redm ond, K err & Co. advertise on page viii o f
to-day’s issue a selected list o f high-grade investment securi
ties. On most o f these issues special circulars can be bad
on application at either the N ew Y ork or Philadelphia office
o f the firm.
—Coupons and dividends payable at the office o f the Farm
ers’ Loan & Trust Com pany on and after June 1 w ill be fou nd
advertised in to-day’s issue.
— Messrs. N, W , Harris & Co., 31 Nassau Street, w ill send,
on request, a new list o f city and county bonds offered b y
them for investment.
C ity R a ilr o a d S e cu ritie s—Brokers’ Q uotations.
Allan.
A vb., B’klyn—
Con, 5s, g., 1981..AAO
Impt.
68, g., 188A..JAJ
Bleek. 8 t .* F n l.F — Stk
Bid,
$103
Bid, Ask.
155
104
1 s t, g o ld , 6 s, 1 9 3 a . J & I m
116
80
$101 103
33 ! Klghtfi. Arert ue—Stock..
325
Scrip, 6s. 1914........... .
108
205 42d <fc Gr. St. For.—Stool i 810 340**
109 142d8t.H an. & St.N. A y ; 35
46
1 1 2 : 1st mort. 6s, 1910.M&& $110 118
118
2<3mort. income 6s. J A.
69
108 I Kings Co. Trac.—Stock.. n
40
120V Lex FAve.&Pav, Ferry &s ii? 117%
182
Metropolitan Traction.. 100^4 107%
116 Nassau Elec. 5s, 1044___
Ask.
80
1st mort., 7s, 1900. j a j {106
B' way A 7til A ve.—Stock. j ‘200
lBtm ort.,58,1804. J&Ii $106
3d mort., 5s, 1914.J&J $107
B‘waylst,5B,guar.lS24 $115
aass.m uas rent’1.1905 $104
Oonsol. 6s, 1843— J&I 120
Brooklyn City—Stock.... 181
Consol. 6 b, 1941...JAJ 135
Bklyn.Cros»t’n5s.l901 103 105
2ST.Y.& Queens Co, 5s, 194-6
Stelmvay 1atGs/22. J A J
Bkl’n.Q’nsOo.&Snb.lsi 104 100
int.li Avenne—
Bklyu.i AN' srt'wn—stk 100
Second Avenue—Stock.
5s, 1839......................... 4110 112
le t mort,,5s, 1909. M«fclr
Brooklyn Rapid Transit
18'a 19
70
Debenture 5s, 1909.JA.
73
os, 1915................. AAO
108 ____ Sixth Avenue—S tock ...
Avenue—S tock . .
lat M., 6s, 1927,..MAN $115
1st mort., 5s, 1937. J& ;
Oen.Pk. N.AlS.RlT.-8tk 104 170
112 115 j Twenty-Third St.—Sfc’k
b
11634 117V
Ohrtat’p’r&lOth St.—Stk 155 100 i
101 103 j
_
Central Crosstown—eiRConsol. 7 . 1802...JAB
Oolumbna A 9th Ave, 5s.
1st raort.,1888 ...A«fcC
Stock--
Third
Deb. 5s, 1903.............
Union
.
let
5a,By—Stook........
1942...................
WestcheHt’r.
lf>t.pTi..5f
105
113 115
160 l?0
ISO 187
lOtt** 109
103 105
175 185
150 151
122
300
100
103
....
103
$104
$99^102a* 106
2 Andaoorued interest.
®as S ecu rities— Brokers’ Quotations,
1895,
$7,200,512
128,507,193
(Vor. LXIV
GAS COMPANIES, Bid. Ask.! GAS COMPANIES.
106 Peoples'f Jersey City)...
B'klyn Union Gas—Stock. 105
1113.1
Williamsburg
1st 6s.......
6s.....
Bonds........................... 195
Fnlton
Municipal
Central..............................
75 “80" Equitable.........................
Consumers'
(Jersey
City).
101 103 ! Bonds. 6s, 1899... .....
Bonds............................
195 St, Paul...........................
Jersey
City & Hoboken. 185
105
Bonds, 5s......................
Metropolitan—Bonds___
Mutual (N. Y. ........... 245 252*
Standard
pref........ ......
111
Common..............
N.Preferred................—
Y. <fe East Rlv. 1st 5s..
98
Western
Qaa....................
lll
59 61
Common........Consol,
5s...... ....... . 102 ,104 Ij Bonds, 5e.......................
Bid.
170 175
10219
216 217
105
l 4°!
70 52
119
ill
103 104
65
94 7
A u ctio n Sales.—A m on g other securities the follow in g , n ot
regularly dealt in a t the Board, w ere reoen tlysold at a u ction :
B y Messrs. R. V . H arnett Sc C o .:
Shares.
10 Importers’ & Traders’
Nat. Bank...................... 530
100 Cin. Ham. & Dayton Ry. 38
Bonds.
$3,000 Gallon Water-works
Co. (Ohio) 6s, 1912...............
5
By Messrs. A drian H. Muller & Son :
Shares.
48 Texas Cent. RR., oorn.... 10
24 Texas Cent. RR., pref’d . 30
80 Yonkers Gas-Light C o ...125
334 Fairbanks, Morse & C o.. 51
334 The Fairbanks Co............ 50%
20 Wagner P alace Car Co—150*4
7 Amer. Type Founders Co.
and$50fiorlp................. 20's
14 State Trust Co.................. 1911*
7 Continental Fire Ins Co.346
25 U. S. Mort. & Trust C o ...226%
Shares.
20 Bank of Manhattan Co..220
13 Globe Fire lus. Co........... 80
53 Amer. Union Life Ins.
C O -.................................. 59
25 C olonial Trust O o ............ 157
27 Broadwav Insurance Co. 100's
Bonds.
1 Month, N. Y . Prod. E x ... $184
$2,080 At). Mutual Ins. Co.
Sorlp, 1892 and 3 89 5 ....1 02 -1 0 4
g a u M u s iiucl Ifiu a u cia i.
S p e n c e r
T r a s k
&
C o , ,
47 & »9 P IN E S T R E E T ,
65 Slate Street, Albany.
NEW
BANKERS
I N V E S T M E N T
YOKE.
S E C U R I T I E S .
iensurrents Bearing on Values", being Supplement
‘ Toby's Digests and Tables", prepared by George P.
A I.l'SANDEH M. WRIT*, Jli.
It vestment Department o f II, B« Hollins & O o., tJXOKOI BARCLAY MOFFAT.
“tribute I among the customera o f the firm.
M
o
f
f
a
t
&
W
h i t e ,
Tin
c<« and foreign trade statistics of leading staple
BANKERS,
ernes of years are so stated in tabular form as
l perm
•iy comprehension o f the intereating changes N O , 1 N A S S A U S T R E E T ,
N EW
YO RK
hat are
P » « « with respect to the same.
I N V E S i MENT S E C U R I T I E S .
THE
May 29, 1897.]
C H R O N IC L E .
S a n k je t s ' ( i a z e l t e .
1031
Posted rates of leading bankers follow :
May 28.
D I V I D E N D S .
Per
Oent.
Name o f Company.
R a ilr o a d s (S te a m ).
Delaware & Hudson Canal(quar.)
Phila. Wilm. & Baltimore...........
Street R a ilw a y s .
West End, Boston, pref...............
tlls c e lla n e o n s .
Con9oli lated Gas of N.Y. (quar.)
Portland (Me ) Gas (extra)........
8 outhern Cotton Oil.......... ...........
U nited States Leather p r e f .......
When
Payable.
Books closed.
(Bays inclusive.)
1*4
3
June 15 May 27 to June 6
July
1
4
July
2
50
4
1
1 Junel3 to Jane20
June 15 June 3 to Junel5
Sept.
1 ---------- to -------------June 15 ---------- to -------------July
1 Junel6 to July 1
Capital.................
Surplus................
Loans <fedlso’nts.
Circulation.........
Net deposits.......
Specie...................
Legal tenders___
Reserve held.......
Legal reserve___
Surplusreser ve
1897.
May 22.
Differen'sfr ’m
Prev. week.
1896
May 23.
1895.
May 25.
%
59,772,700
73.953.800
504.952.300
14.405.800
572,131,400
100.736.300
88,295,500
189,031,800
143,032,850
9
$
61,122,700
74.138.800
473,400.400
14.529.800
497,041,200
61,541,500
84,420,300
145,961,800
124,260,300
*
62,622,700
71,951,500
500,098,700
13.321.400
561,903,400
69.584.400
110,866,600
180,451,000
140,475,850
Deo. 998,800
Dec.
78,300
Dec.
81,400
In c.1.324,800
Inc. 163,300
In o .1,488,100
Dec.
20,350
45,998.950 Inc.1.508.4501 21,701,50ol 39,975,150
F oreign E xch ange.—The foreign exohange market has
been weak on a lim ited volum e o f business, and rates are
fraction ally low er than our last quotations.
To-day’8aotual rates o f exohange were as follow s: Bankers,
six ty days’ sterling, 4 85% @4 86; demand, 4 86%@4 87;
oables, 4 87@4 87 ^ .
The follow in g were the rates o f dom estic exohange on New
Y ork at the under-mentioned cities to-day: Savannah, buying
1-18 discount, selling par ; Charleston, buying par, selling %
premium ; New Orleans, bank, $1 50 p rem iu m ; com m ercial,
25c. premium; Chicago, 80c. per $1,000 prem iu m ; St, Louis,
70c,®90o. per $1,000 premium.
Demand.
U nited States B onds.—Sales o f G overnm ent bonds at the
Board include $27,000 4s, coup., 1925, at 123J^ to 123% ;
$4,000 4s, reg., 1925, at 123 to 12334 ; $26,000 4s, coup., 1907,
at 11234 to 112% ; $9,000 4s, reg., 1907, at 111; $44,000 os,
coup., at 11334 to 11334, and $20,000 5s, reg., at 11334- F ol
low ing are closing quotations :
W A L L S T R E E T , F R I D A Y , M A Y 3 8 , 1 S 9 7 - 5 P. M .
The M oney M arket and F in a n cia l S itu a tion .—There is
a m ore favorable sentiment in W all Street regarding railway
securities as a consequence o f the Supreme Court decision
h anded dow n on M onday denying the right o f the Inter-State
Com m erce Commission to prescribe railway traffic rates. It
is hoped that this decision foreshadows other legal and possi
ble legislative action w hich w ill result in establishing the
railroad traffic o f the country on a m ore satisfactory basis
th an it has recently occupied.
Sentiment was also favorably affected b y the beginning of
w ork on the tariff bill in the Senate and the prospect o f a
conclusion o f that m atter w ithin a reasonable time. W hen
this is done the ch ief hindrance to industrial and com m er
cial activity w ill have been removed.
Because o f these and other less im portant reasons, includ
ing m ore favorable reports o f railway earnings, especially
those from the South and Southwest, business at the Stook
E xchange has been better distributed this week than o f late,
show ing an increase in com m ission house transactions and
som e buying o f a more substantial character than has re
cen tly been com m on. Naturally enough under these condi
tion s the tendency o f prices has been upward, and exoept in
a fe w cases, for reasons w hich are noted under our review
o f the stock market, quotations for railway securities are
generally higher than last week. L ittle notice was taken o f
t he fa c t that early in the week gold was engaged for export.
The m ovem ent has been lim ited to $2,850,000 and not all the
am ount was taken from the Sub-Treasury, as a part o f it
was supplied by the banks.
The open m arket rates for call loans on the Stook Exchange
during the week on stook and bond collaterals have ranged
from 1M to 1 per oent. To-day’s rates on call were 1% to 1 %
per oent. Prim e oom m ercial paper is quoted at 8J^ to
per
oent.
The Bank o f England weekly statem ent on Thursday
showed a decrease in bullion of £147,075 and the percent
age o f reserve to liabilities was 51’54, against 51-37 last
week ; the discount rate remains unohanged at 2 per cent.
The Bank o f France shows an inorease o f 9,025,000 francs
in gold and a decrease o f 525,000 francs in silver.
The New Y ork City Clearing-House banks in their statem ent
o f May 22 showed an inorease in the reserve held o f $1,488,100
and a surplus over the required reserve o f $45,998,950, against
$44,490,500 the previous week.
Sixty Bays.
Prime hankers’ sterling hills on London.. 4 86%'04 87
4 88®4 88%
4 85i4®4 85%
4 84% ®4 85
5 16i816-5 167g 5 1558-5 14l5le
401ie®4018
40516®403s
Frankfort or Bremen (reiohmarks) b’kers 95% b®95%
95916®955a
Interest May
Periods
22.
2s, ......................reg.
4s, 1 9 0 7 .. ......r e g .
4s, 1 9 0 7 . . . . . . .ooup.
is, 1925............. reg.
4s, 1925..........coup.
5e, 1904............. reg.
5s, 1 9 0 4 .......ooup.
6s, our’ey,’ 98...re'g.
6s, our’oy,’99...reg.
is , (Cher.jl898.reg.
4s, (Cher.)1899.reg.
May
24.
Q.-Moli. * 96 * 96
Q.-Jan. *110% *110=8
112%
Q.-Jan. *112
Q.-Feb. *122ia *122*3
Q.-Feb. *122*3 *12213
Q.-Feb. *113 *113
Q.-Feb. 1133s *113
-j ,
J. *104*1* 1*1044
J. * 0. *10714 *10r<4
March. *101 *101
Maroh. *101 *101
May
25.
May
26.
May
27.
May
28.
* 96
111
II213
*122%
123%
113%
*11318
*104%
*107%
*101
*101
* 96
*110%
112%
123
123%
*113%
*113%
*104%
*107%
*101
*101
* 96
*110%
112%
*122%
123%
*113%
113%
*104%
*107%
*101
*101
* 96
*111
*112%
*123
123%
*113%
*113%
*104%
"107%
*101
*101
* Tills is the price bid at the morning board, no sale was made.
U nited States Sub-T reasury.—The follow in g table sh ow s
the daily receipts and payments at the Sub-Treasury:
Date.
Receipts.
Balances.
Payments.
May. 22
“ 24
“ 25
“ 26
“ 27
“ 28
*
3,314,684
2,621,643
5,483,514
2,037,623
2,755,662
2,391,535
$
2,765,815
2,736,678
2,830.939
2,773,442
2,565,556
2,971,808
Total
18,604,661
16,644,238
Coin.
9
133,806,715
132,668,714
L34,692.772
13 i,440,034
134,401,957
134,389,676
Coin OerVs.
$
1,610,749
1,568,290
1,712,988
1,575,153
1,587,271
1,616,684
Currency.
8
65,552,312
66,617,736
67,101,555
66,756,310
66,972,375
66,374,971
Coins.—Follow ing are the current quotations in gold for
coins:
Sovereigns...........$4 87
Napoleons........... 3 87
X X Reiohmarks. 4 79
25 Pesetas............ 4 77
Span. Doubloons.15 50
Mex. Doubloons.15 50
Fine gold bars... par
®$4 90
® 3 90
® 4 84
® 4 81
* 1 5 70
®15 70
® % prem,
Fine silver bars.. — 601* ® — 61%
Five francs........... — 93 ® — 95%
Mexioan dollars.. — 47% ® — 49
Peruvian sols___ _ — 43 ® — 45
English silve r.... 4 86 ® 4 90
U. 8. trade dollars — 65® — 75
State and R a ilroa d B onds.—Sales o f State bonds at the
Board are lim ited to $1,000 V irginia fund, debt 2-3s o f 1991
at 6434.
The m arket for railw ay bonds has im proved as the week
advanced. The volum e o f business has increased and in
most cases prices are better. Prom inent am ong the excep
tions are Central o f New Jersey gen. 5s, w hich suffered a fu r
ther deoline of over 2 per cent. These bonds have recovered
som ewhat to-day, however. Some o f the Baltimore & Ohio
issues sold on Thursday from 8 to 10 points or more below re
cent quotations, on reports that interest coupons m aturing
June 1st w ill not be paid. The list o f active issues w hich
have advanced from 1 to 2% per cent includes A tchison ad
justm ent 4s, Erie 4s, prior and gen. lien 3s, Southern Railw ay,
Kansas Pacific lsts, Missouri Kansas & Texas 2ds and St.
Louis & San Francisco 4s. A m ong the most active have been
the Atchison, Northern Pacific, Erie, Chesapeake & Ohio,
Missouri Kansas & Texas, St. Louis & San Francisco and
Texas & Pacific issues, m any o f w hioh close higher than at
our last quotations.
R a ilroa d and M iscellaneou s Stocks.—A m ore hopeful
tone has characterized the stock market this week than has
recently been noted and w ith an increase in volum e the
business has been som ewhat better distributed. The active
railroad list has been especially firm, h aving advanced an
average o f nearly 2 points.
Lake Shore, Burlington &
Quincy, Central o f New Jersey, Northern Pacific preferred
and R ock Island have advanoed more than the average m e n
tioned. The granger group and some o f the Southern and
Southwestern stocks have been notably strong on current
traffic reports and future prospects. Central o f New Jersey
has been the most aotive stook on this list and made its low
est record on Monday, when it sold at 6834- It rallied to>
74J4 on W ednesday and closes at 74J4. The other coalers
were weak. Baltimore & Ohio declined rapidly on rum ors
that interest due June 1st w ill not be paid, selling on Thurs
day at 934, a decline o f 3 points from the opening price on
W ednesday. Cleveland Cincinnati Chicago Sc St. Louis pre
ferred dropped 5 points below the last previous sale on the
offering o f a few shares accom panied w ith the rum or o f a
possible reduction in the dividend rate.
Chicago Gas has oontinued the aotive feature o f the mis
cellaneous list but has fluctuated w ithin a narrow range.
Am erioan Sugar advanced 3 points on w hat was considered
favorable tariff prospects.
Am erican Tobacco, W estern
Union and U nited States Leather preferred have eaoh ad
vanoed from 1 to 2 per cent. United States Rubber, both
com m on and preferred, declined sharply on the execution o f
selling orders and a change in the executive officers o f th
company.
THE
C H R O N IC L E .
[ Vol, LX1V.
.\Kn fO B K STOCK EXCHANGE— A C T IV E STOCKS f o r week ending MA Y * 8 , and etnas JAN . 1 , 1 8 9 7 .
8 1 0 ! IKST MMB 13.JWK8T P 8I0B 8.
Httinislaijr.
M m *2
.ji
«*»
•**»■»+■*
H
|1% IS
10%
30%
%
13%
ib
3
*140 ' 140
•is
§27%
•120
§93
12%
27%
125
93
•18
64
*60
*163 164
48
*40
44% 45%
64% 85%
108«* 106%
*16
*75
•14 Si
10’ ,
*7%
13
•17
•
01*%
nx
*60
26%
$168
•13%
18
46
10’ «
27%
13
20
3%
Thursday,
-May 27.
10% 11
n><% 10%
20% 21 % . 21% 21*8
H
%
10% 12%
9% IQH
$1h% XBh
•18% 20
*55% 5 6 Si 5 0 ’ , 56%
47
47
47
47%
72% 73%
72% 74%
8%
BH
'8%
9%
10
16H
16% 10%
•151 . . . . . . •151
75% 76
74% 75%
*40
50
•40
50
*95
98
•95
98
74’ a 75%
74% 75%
$133 133 §133 133
105% 108% 105% 106%
$154% 154%
64% 65% "65% 05%
65
58% 58%
58%
57’ a 68%
145 •139 145 •139 145
2 ,% 21*1% 28% 29
29
75
75
$77
77
2%
2%
2%
2’s
2%
10% 10%
20%. 20%
%
12% 12%
*11
20
55%
*46% 47
70% 74
8%
§8%
16% 10%
*151 158
74% 75%
*40
50
*95
98
74% 78%
133 133
105% 105%
■*55
55%
47
4?
*MH' 47
jg#% 71 % 0$-% 71 %
*m% 0
P%
8%
10
16%
|1§
14
§150 151%
75%
74
74% 73
SO
*40
*4i>
40
*95
08
*05
*W
74% 74% 73% 75
132%
lia
s
§!£§»» lfS %
105% 105*8 104% 105%
*154% 155
63% 64%
64 s*
M % 04
57 %
57% 57% 50®s« 58%
nm
145 n s o 145 *138
28
21*%
28%
ftt
20
2%
Wednesday,
May 26.'
2%
102% 104
103 Si lb t S i ! 0 3 103*4 102%
147% 148% 148 148 S 148% 148% *147
*9%
*38%
38% 38% $38% 38%
12%
*12%
12%
*12% 12%
30%
$29
28
..
29
*16
159) 159)
*21
*21
25
*120 125
121 121 *120 123 *120
9 n * 94% $93
94
94
§92% 93%
filo
*o
•s\
*0
*5%
6%
0%
*20
24
*19
23
23
•18
*18
14
*13
14% *13
*13
14%, *13
*583*
•59% 63
562% 6 2b •59% 63
105 165% *165
ie t 164
184Sil65
HO
*40
48
42 % 42% *40
50
45%
44% 45% 45% 45%
40% 46
84%
84% 85% - 85
85%
84
85
107 107
106% 106 % $107% 107% *106
98
05% 95% 697
97
97
97
*10
18
18
17% 17% *17
*77
$79
577
77
i 77
77
79
*46
'44% 415% *44
*44
46
46
11%
10’ , 11V, 11% 11*6 n % n %
28
2«% 27b
27 % 27 °g 27% 28%
13
13%
13% 15% 14
13Sl 13%
*16*2
‘ 17
20
20
*16
*17
20
37 •
37 •
9 9-i»
99% 99% 100
*11% 13
*11%
13
*60
73
‘ 60
73
*27
26 % 27
26%
169 $167% 167 s, *167
14
§13% 13’ » ' l a s
7
•as
7b
*19
*10% 20
19%
19%
11
•10
*10
11
'10
27
26% 27
•27
12-tj 124,
-1 *V 12%
12S*
3ti% 37 Si 37
3S% 36’ ,
'12
*12
18
17
•12
43
*47% *9% }47
47 b
1 2 b •12
*1S
12% *12
*44
47% *44
47S) •45
17’ ,
17’ , 18%
17’ , 18
•39 3* 39% 3 9 * 39%
40
23% 23’ ,
24
23%
_____
• in
119 '117% 117% ‘ 1 17 b
*60
63
......
*60
5%
5%
'4%
'4%
» ‘4
42%
42% 42% 42
■1 2 b
11’ , U » n i t 14% 15
*2%
*2%
3*,
•2%
3%
*6%
•as
6%
as
6S)
*15
22
*15
22 *........
*70
87
’ 70
•70
87
'117s* 119 •118 120 $117%
11% 14%
14%
14% 14%
‘ 7%
7 ’,
7’,
7%
26
25’ , ■26% 26%
•8% 8%
8%
•8%
7
6b
7b
$8%
0’ e
*1%
1%
IS
• lb
•41* 5% *4%
6%
5%
13% $13
13
13
tm
*1
i%
*1
1
lb
2%
2%
a8
2%
•2 b
*1
37
99%
13
73
28%
168
13%
7
20
11
27%
13
37%
17
4H
12%
47%
18'%
40%
21%
*
R7
99’ s 100%
*11% 13
•60
73
28
28
$167 168
13% 13%
*7
7%
*19’ a 20
n o i« 11%
•27
28
12i« 12’ ,
37% 38
*12
17
48
48
•12
12%
47%
•45
18
13%
39% 40%
23% 23’ ,
*
997«
*11^
$60
*27%
$166
14
$7%
20
no**
$27%
12%
37%
*13
47%
*12
$17
18%
40 a*
24
Friday,
May S».
10%
21%
*.........
9%
*18
57
47%
72%
*8%
*16
‘ 151
75%
*40
*95
74%
$134
105%
11
21%
%
10s,
20
57%
47%
74%
9%
16%
’ VO”
50
98
75%
134
lo o ’ .
STOCKS.
A c tiv e H i t . S t o c k ..
Atchison Topeka A Santa Fe.
Do
prof.
Atlantic A Pacific...................
Baltimore * onto.....................
Brooklyn Rapid Transit........
Canadian Pacitlo...................
Canada Southern.....................
Central of New Jersoy...........
Central Paulllo......................
Chesapeake A O h io ...............
Chicago A A lton......................
Chicago Burlington & Quincy
Chicago A Eastern Illinois...
prof.
Chtoago Mil wankee A St. Paul
_
Do
pref.
Chicago A Northwestern.......
™ , Do
pref.
Chicago Rook tel a n d * Pacific
Chicago St. Paul Minn. A Om.
o,
Do
pref.
Cleve. Clnoln. Ohio. A St. L ...
65% 65%
58
58’ ,
*139 145
26’ a 28
75
$75
3 Columbus Hooking VaL & Tol
•2%
pref.
103% 1025,103% Delaware <fe H u d so n .....__ _
148% 148 148 iJeiawareLaolrawaun a&Wesi
Denver & Rio Grande............
10&8
Do
pref.
38% *37% 38%
12Afl 12% E rie.................
12%
Do
1st prei
30% *29% 31
Sales of
Range for year 1897.
the
Oft. btiM* o f jochshare, lots.
Week,
Shares.
Lowest.
Highest.
6,425
39,169
10,869
474
1,050
710
100,866
130
2,240
85
108,722
85.472
324
4,840
75
22,354
13,435
5,046
182
000
9,462
740
9% Anr.
17 Apr.
% Apr.
9% May
18% Jan.
46% Mar.
44% Jan.
08% May
7 *6 Apr.
Id ’ s Mnr.
$150 May
69% Jan.
45 Mur.
§ 95 Jan.
69% Apr.
130% May
101% Apr.
153 Jan.
60% Apr.
47 Jan.
133% Jan.
26% Peb.
73 Jan.
1% Apr.
10 Jan.
9908 Apr.
146% May
126 36
300 11%
360 27
100 1 5 ^
$24%
140 120
460 91%
Apr,
Aor.
Apr.
May
Feb.
Jan,
Apr.
19
19
7
27
7
29
13
21
20
29
24
5
13
8
19
6
19
12
19
2
18
10
4
30
21
1
20
20
19
19
24
13
16
19
12% Mur,
25% Jan, 30
% Jan. 14
18 Jan. 8
21% Feb. 11
57% May 28
51% Mar, 17
103% Jan. 19
15 Jan, 5
18% Mar. 15
$170 Mnr. 1
78% Mar. 18
45 Mar. 13
$98% Feb. 3
78% Mar, 15
138% Mar. 18
110% Mar. 17
155 Feb. 20
70 Jan. 16
64’ a Mar. 17
143 Mar. 29
33% Star. 17
80 Slay 6
18 Jan. 8
46 Jan. 21
121% Jan. 6
157% Jan. 18
12*4 Jan. 19
43% Feb. 1
15% Jan. 18
35% Jan. 18
21 Jan. 15
$24% Fob. 13
122 Feb. 5
96% Mar. 16
25 Dvanaville <feTerre Haute___
125 Great Northern, pref................
94 Illinois Central......... .
6*3 Iowa Central............
25
Do
pref.
24ia Mar. 18 27% Jan.
14 Uike-Erie <foWestern____
13 May 11 1 8 ^ Jan.
20 38% Apr. 1 70% Jan.
62% . . 5 °
.
pref
1,037 152 Jan. 2 172 Mar.
165 Lake Shore & Mich. Sontfhfvrn
202 41 ■ Apr. 2 55 Jan.
47 Long Island........................
17,140
45 °8 LouisvUle A NaBhville___
Apr. 19 52% Jan.
85% Manhattan Elevated.oonsol.. 20,519 81% Stay 6 93 Mar.
106% Metropolita n Traction..
1,375 99°s May 3 HO1© Jan.
Michigan Central...................
480 90 Jan. 28 100 Mar.
100 16 May 14 1934 Jan.
19 Minneapolis A St. Louis.........
79%
113 77% Mar. 18 79% Jan.
Do
1st pref.
. . . . . . 46 Fob. 26 48% Mar.
48
Do
2d pref.
1,095 10 Apr, 19 14% Jan.
n % Missouri Kansas & T exas... . .
29
8,690 21% Apr. 19 32% Mar.
Do
pref
5,985 10 May 6 24% Jan.
14»s Missouri Paolflo.................
20 Mobile & Ohio.......
20 Mar. 26
§70 Jan. 25 §70 Jan.
Nashv.Chattanooga&St.Lonls
37 *
37 New E n g la n d ...” ___
§44 Mar. 18
5,7P 8 92% Feb. 18 102 Mar.
100U 106 100% New York Central A Hudson
50 11 Feb. 11 14% Mar.
$12
12 New YorkOhloago A 8t. Louis
13
2 67% Apr. 15 75 Mar.
60
*60
73
Do
1st pref.
400 24 Fob. 10 34’ s Mar.
28
'2 7
28 . . D o
2d pref.
148 160 Feb. 2 $178 Jan.
166 $167% 107% NewYorkNewHavenA Hart.
820 12% Apr. 19 1538 Jan.
14
135, 13’ , New YorkOntarlo A Western.
355
9% Jan.
7%
6%
0% May 28
6% New York Susq. A West., new.
1,050 18% May 20 26% Jau.
20% 20% 20%
Do
pref.
Norfolk
A
Western...........
..a—
..
14
% Mar.
*10
11
9 Apr. 19
n%
475 22% May 5 28% Mar.
27% 27%
27 ^
Do
pref.
2,919
13%
Nor.
Pacific
Ry.
voting
tr.ctfs.
11 Apr. 19 16=8 Feb.
13 *4 13%
38
37% 38%
Do
pref. 14,300 32% Jan, 5 38% Feb.
50 §10 Ai>r. 20 $17% Jan.
17
$16
16 Or, RR. A-Nay.Oo.vot.tr, etsfa.
658 37’ s Jan, S 48 May
47% $47% 47 ■
Do pref., vot. trust-otfs.
H
12% ‘ 12
11% Mar. 29 14 Jan.
12% Pittsburg Clnn. Ohio. A 8t. L.
47
44% 44%
230 44% May 28 50 Feb.
Do
pref.
16,409
116% Apr. 19 19% May
18% 19 Reading, voting tr. oertifs...
18%
40 Ag 40 »g 413s 1st pref., voting tr. oertifs.
6,356 138% Apr. 19 42% Apr.
3,049
122% Apr, 19 2o’ s Apr.
24*8 24% 24% 2d pref., voting tr. oertifs.
*21
25
124 *120
$94
93
0ig
*6
*20
25
14
*13
62Jfl *59%
$165
40
*41
46
45%
84%
85%
106
107
93
*17%
19
79*2 *77
48
‘ 46%
11
11%
28% 28
15%
14^4
*16
20
117 *117% 119 Rome Watertown A Ogdenab.
$116 Mar. 8 $119 Jan.
02% *60
621g St. Louis Alt. A T . H.,tr,ieots
$60% May 11 62 May
400
4 Apr. 19
5’ 8 Feb
5 Ag St. L. <feSan Fr., vot, tr. otfs.
5A4 *5%
44
4,056 37 Jan. 29 44% May
43% 44
Do
1st pref.
15% 15% 15%
3,828 12 Apr. 15 16 Feb.
Do
2d pref.
100
4% Jan.
1 Apr. 1
*2%
3% St. Louis Southwestern______
3%
1,100
H
Do
pref.
3% Apr. 1 11% Jan.
*7%
8%
22
20 Jau. 4 22% Jan.
22 St. Paul A Duluth. ...................
*15
87
Do
pref.
75 Apr. 20 $87 Feb.
'70
87
120 *116 120 8t. Paul Minn. A Manitoba...
110 114 Jan. 28 118 Mar.
1414 14% 14*3 Southern Pacific Co..................
1,450 13% Jan. 13 15% Jan.
8%
7 Apr. 19 10 Jan.
3,005
*8
8*4 Southern,voting trust, oertlf.
27
20% 265, Do pref., voting trust, cert. 12,517 22’ a Apr 19 29’ s Jan,
9%
1,905
8 Apr. 1 10% Jan.
9
9% Texas A Paoillo.........................
6% Union Paotito trust receipt,..
4% Apr. 19 10 Jan.
7%
3,812
6%
100
2% Jan.
1%
Union
JPaoiiio
Denver
&
(Jolt.
1 Apr. 24
1%
*1%
7% Jan.
5%
4*% Mar. 29
53, Wabash............ .. — ..................
715
$5%
5%
2,225
13%
13%
11%
Apr.
19
17%
Jan.
Do
pref.
13% 13%
1
1,726
6% Jan.
cb Wheeling & Lake Erie___
% May 28
1
%
29
Jnn.
25,
J2Ag
471
2%
Apr.
15
3Si
Do
pref.
3^
2% Jan.
1% Mar. 31
1%
1%
M iscelIai»«ouK S to c k s.
no
11
*10
11
‘ 10
$9%
11
9%
*9% 11
9%
9% American Cotton Oil Co.........
168
9% May 28 143* Jan.
54% *54
*54
55
54% 54% $53% 53%
*53% 54 b
365 52% Feb. 16 59% May
53% 53%
Do
pref.
10% 10%
10
10% 10%
10
10
Apr, 23 14% Jan
10% 10
10A« American Spirits Mfe. O o ....
5,305
28% 27% 28
28% 28%
28% 28% *28% 29%
2,230 26 Jan. 5 34% Mar.
Do
pref.
28% 28%
111% 113% n s
114
113% 1159, 114’ , 116% 115% 116% 115% 116% American Sugar Refilling Oo. 77,481 109% Mar. 29 118% Mar.
103% 108% 103% 103 Si 104 104
103% 104 $103% 101% 104'*4 104 U
951 100% Jau. 7 105% Mar.
Do
pref.
70
70% 88% 70%
70
70% 71% 70% 70%
71
70% 70% American Tobacco Co............
7,508 67% Fob. 15 79% Jan.
1103 103
. . . . . . »*»**. __
......
10 100 Feb. 11 108 Mar.
Do
pref.
*102 106
*#
9
*8
9
*8%
9%
7% Apr. 17 13% .Tan.
9
100
*8%
8%
8% Bav State G a s.......... .............
81% 81%, 81% 82%
80% 82
80% HI % 80% 81%
81% 83 Chicago Gas Co., oerts. of dep. 106,122 73H Jail, 5 84% Apr.
161
159 150% 159% 160
2,756 136% Jan. 2 164 May
159% 159% 159% 159% 160% 100% Consolidated (las Company..
30
#0 % 30
31%
30% 31%
30% 30%
30% 31
4,086 29% May 17 36*4 Fet).
31
31 General F lee trio Go............ .
24% ♦23% 2-4% 24 % 24%
25
25
25
25 *4 *24
7,019 2 1 ’ s F e b . 16 26% Jan.
26
National Lead C o....................
$»4% M% *92% 04%
94
$94
94%
91
*92% 94
710 88% Feb. 13 94% M ay
93% 94
Do
pref
*4
4%
$4 <4 4%
4
4%
4%
3% Apr. 20
5 Jan.
$4*8 4%
4%
535
$4%
4*8 N orth American O o ....... ........
30% 20% 20% 20%
20% 26%
26% 27 S
26’ , 27
20% 27% P acific M ail...............................
5,139 24 Jan. 9 28% M ay
*90
*90
*90
*9G
187% IS7% 1157 157
167% 157% $157% 153
159 158 $158 159 Pullm an Palace Oar Company
58 0 T 5 2 .Tan. 2 163 Mar.
60% *#0% 60%, *60% 60% *00
80% *60% eo% *60% 6 0 s, S liver Bullion C ertificate,—
20,000 81 M ay 13 0 5 ^ Jan.
*8% 7
0%
0%
8%
0%
$8%
0%
6’,
917
6% Mar. 29 11% Jau.
6’ ,
6 ’ , Standard R ope & T w in e.........
0*1
18% 18% 18
18% 18%
18%
18 a* 10 ■ 18% 18%
0,530 17 May 20 31 Jan.
18% 18% Teunensea Coal Iron & R R ...
0% *0% 7
6%
6%
6%
*0%
7
0%
9% Jan.
0%
460
GH M ay 22
*6%
United States Leather Co. —
^
1
54
54% 54
56% 55
55%
55% 55%; 54% 55%
54% 55%
9,020. 50 A pr. 22 64 Jan.
Do
pref.
■'1 1'-% 13% 1
13% *13% 13% 13% 13%, 10% 14
4,044f 10% M ay 27 25% Jan.
11% 12% U nited States Rubber C o.......
*«1 %
02%
03
63
53% 63% 59% 60’ ,
03%
6,991 58% May 27 76% Jan.
Do
pret.
77% 71$% 78
79%. 79% 80 %l 79% 80%
70% 80 W estern U nion T elegraph—
40,228 75% May 7 86 % Mar.
t voted ( no sals ta»d«, $ Lon than 100 shares. t Bunge data* from Hating on Exohango. Aprils.
M
$
8b
Ob
im
9
119
63
5%
41
15%
3%
7
22
87
118
l,S l
8%
lies.
8 ',
7
*117%
*00
*5^
44
15%
3%
7
*
•70
*117
14%
8
26%
8%
7
*1%
5%
13 s,
1
$2%
*1
119 $117
*00
63
5%
5%
43%
44%
15%
15%
*2^
3%
7%
7%
22 +
*70
87
120 *117
14%
14%
H%
8%
20%
27
9%
9%
6%
7
1%
1%
*5^
5%
13%
13%
1
%
2%
2%
*1
1%
OH
•&
$H
Mh\
20
18
20
1
8
19
2
5
15
29
18
18
18
18
18
25
22
15
17
17
4
18
18
18
11
4
1
24
18
17
21
1
10
8
9
18
20
4
26
3
18
18
13
8
3
18
16
19
18
5
6
16
18
2
5
6
10
11
9
16
3
15
14
12
6
18
7
2
19
25
18
11
3
27
19
18
19
19
19
6
17
May 29, 1897.J
THE
C H R O N IC L E
1033
N8IY YORK STOCK EXCHANGE PRIC ES (C o n tin u e d )— IN A C T IV E STOCKS.
May 28.
Inactive Stocks.
H Indicates nnllsted.
Bid.
Range (sales) in 1897.
Ask.
R a ilr o a d S to c k s .
-1 0 0 175
9
ATin A rb o r....— ............ .
26
Preferred................................
Boston & N. Y . Air lin e pref .100 103
Buffalo ftookester & Pittsburg.100
.100
65
Burl Jedar Rapids <fe Nor___ .100
niev. Lorain & Wheel, pref... .100
Oleve and & Pittsburg.............
Des domes & Foi Dodee— .100
Preferred................................
Duluth. So. Shore <fcAtlantic 1 .100
Pref srred tl............................ .100
...5 0
.100
..100
Green Bay & Western........... .100
Deb. certfs. A ......................... 1000
Deb. oerfcfs. B ........................ 1000
Kanawha A Michigan............ .100
Keokuk & Dee Moines............ ..100
Preferred............................... ..100
_ io o
ion
B. 100
Mexican Central......................
Mexloan National tr. otfs___ ..100
Morris & Essex____ _________ . Ml
. 50
_ioo
Or. Sh.Line & U.N.when issued. 100
Peoria Decatur & Evansville .100
Peoria & Eastern................. ..100
Pitts. Ft. W. A Chic, guar___ .100
Rensselaer & Saratoga...........
Rio Grande Western pref___
_100
Preferred....... ......................... .100
* No price Friday
40
50
162 163
65b 9
58
75
13
6
8
40
161
7
Feb.
40*4 Mar.
Apr. 168*4 Jan.
8% Feb.
Apr.
3 Apr.
6 hi May
37 Apr.
10 Mar.
30 Mar.
27*3 Apr.
40
1 30
35
50
5
3>s
3
6
2
4
1058 14
4
6
2
12
32
Apr.
Feb.
Feb.
Mar.
Feb.
7 V Apr.
7%
8i*
1*4 Mar.
1
I**
165 170 163*« Feb.
295 Feb.
119 Jan.
im
n % 1078 Mar.
% May
1
“s
3
6
3i* Feb.
162 168 150 May
178 184 180 Jan.
30
38i* 25 May
25
....
1 40
70
YORK
Bid.
Alabama—Class A, 4 to 5___ 1906 107
Class B, 5s............................... 1906 107
Class C, 4s............................... 1906
Currency funding 4s.............1920
Arkansas—6s, fund, Hoi.1899-1900
Non Holford....................................I
7s, Arkansas Central RR............
Louisiana—7s, cons................1914
Stamped 4 s......................................
New consols. 4 s..................... 1914
98
35s Feb.
8 Jan.
ll*a Mar.
30
May
...
5 Jan.
6 Feb.
3 Jan.
28*a Jan.
32 Feb.
85g Jan.
1 °g Jan.
167 Jan.
324 May
11% May
2*« Jan.
5 Apr.
169*8 Mar.
185 Jan.
40*4 Feb.
___
Bid.
Range (sales) in 1897.
Ask.
Lowest.
M is c e lla n e o u s S to c k s .
Adams Express.......................... ICO 11497s 150 147*4 Feb.
43
American Bank Note Co 11___
45
110 125 113 Apr.
American Coal.................
American Express..............
100 113 115 109*8 Jan.
100
85*8 Jan.
Brooklyn Union Gas................. 100 {105 1
85 Jan.
Brunswick Company................ 100
5g Jan.
%
%
Chio. June. Ry. & Stock Yards .100
102*8 May
Colorado Coal & Iron Devel.. 100
f*fi
*8 Jan.
Colorado Fuel & Iron.............. 100
16
17 L 15% May
TOO
87
75 Feb.
Col. <fcHook. Coaltr.rots.allpd.100
3J* 4
3*8 Mar.
.100 tl62*a
Commercial Cable............ .
162*8 May
Consol. Coal of Maryland-----38
35 Feb.
100
300 {116
101% Jan.
Edison Elec. m . of Brooklyn. 100 106
97 Feb.
65
Erie Telegraph & Telephone . 100
63*a Apr.
100
32
35
Illinois Steel...............................
29*8 Apr.
300
300
35
22*« 23
Laclede G a s . . . . . . . . . .................
22 May
Preferred___________ _______
78
82
70*4 Mar.
40
50
Maryland Coal, pref................. .100
50 May
Michigan-Peninsular Oar Co.. .100
12 Jan.
100
42 May
43
Minnesota Iron.......................... .100
38 Apr.
49
National Linseed Oil Co........... .HX1
10 May
10*4 11
2
National Starch Mfg. Co.......... .lo t
388
3 May
{4%
New Central Coal..................... .IOC
4% May
6
8
Ontario Silver M ining............ .lo t
8% May
320
340 Mar.
Pennsylvania C o a l.................
2
Quicksilver Mining................... lot
1®8 Apr.
1%
.IOC
10
8 Apr.
118 120 102 Jan.
Standard Gas, pref.IT..............
65 Apr.
Tennessee Coal & Iron, pref.. .100
6 Apr.
.100
U. 8. Express............................. .100 139
39*8 37 Feb.
97 Jan.
Wells, Farvo E xpress............ .100' 103 106
SECURITIES.
Bid.
Ask.
SECURITIES.
Do
Jan.
25 Jan.
83*2 May
50 May
12 Jan.
52 Feb.
52 Feb.
15 Jan.
5 Jan.
5 Jan.
10% Jan.
340 Mar
1% Jan.*
11% Jan.
108 Feb.
70 Jan.
6 Apr.
41 Apr.
103*8 May
Do
i 0s ...........................................1919
|South Carolina—4*88, 20-40..1933
1 6s, non-fund............ ,............. 1888
en ding
Total...................... 59,772.7 73,953,8 604.962.3 88.295,5 100.736,3 572,181,4
82
83
4*89...................... 1913
104
124
108h, 110*8 Virginia funded debt, 2-3s— 1991
6s, deferred t’st rec’ts, stamped.
C apital <k
Legals. Deposits.
B a n k o f N e w Y o r k . $2,000,0 $1,894,3 $13,420,0 $2,230,0 $1,350,0 $13,270,0
M a n h a tta n C o ............ 2.050.0 2,103,1 13.214.0 2,081,0
0,141,0 19.054.0
M erch a n ts’ ................. 2,000.0 1,016,51 11.912.0 2,429,1
2,012,1 14.895.1
M e c h a n ic s ’ ................. 2,000,0 2,059,2!
1.939.0 8.982.0
9.326.0 1.103.0
A m e r i c a ...................... 1.500.01 2,479,31 17.804.1 2.999.4
3.342.7 21.310.8
P h e u ix .........................
700.0 3.832.0
1,000,0'
290.0
359,1! 4.170.0
C i t y ................................ 1,000,0 3,608,7, 26,746,9 7.070.1
3.405.4 32.297.7
T r a d e s m e n 's ...............
471.7 2.455.5
218.4
750.0
90,6' 2.531.7
C h e m ic a l.....................
300.0 7.339.0 23.928.7 4.240.0 3.511.7 23.868.0
M e r ch a n ts ' E x c h ’ ge
5,642.8
811,2
891.0
169,8 4,607,2
600.0
G a lla t in ........................ 1,000.0 1.689.7
0,242.9
1.424.1
920.5
6.772.9
B a tc h e r s ’ A D ro v ’ r s ’
1.280.7
175.4
300.0
157.1
1.251.0
181.7
M e h a n ic s ’ A T r a d ’ s
348.0 2.107.0
240.0
400.0
224.8 1.840.0
G r e e n w ic h ...................
908,8
221,6
100.5
165.5
200.0
988,1
L e a th e r M a n u fa o ’rs.
385,2 2.644.0
340.7
600,0
472.5 2.993.1
S e v e n th ........................
357.8 2.011.0
259.3
1.569.7
94.0
300.0
S ta te o f N e w Y o r k . 1.200,0
568.4 2.385.7
102.6
525.3 3.051.7
A m e r ic a n E x ch a n g e 6.000,0 2.587.8 23.721.0 2.108.0
2.298.0 18.019.0
C o m m e r c e ................... 5.000.
22.515.7 2.750.1
3.057.5
0
3.237.0 18.047.9
B r o a d w a y .................... 1.000.
588.0 5.040.8
727.8
0
5.764.7
1.577.1
M e r c a n t ile ................... 1,000,0
663.5 2.287.8 8.962.3
982.0 8.072.7
P a c i f ic ..........................
434.6
597.7 3.050.5
490.4 2,457,6
422,7
848.6 11.511.7 2.504.7 2.030.8 14.098.4
R e p u b lic ...................... 1.500.0
C h a th a m ......................
1.102.5 0,177,9
6,028,0
450.0
030.9
975.4
2.555.3
P e o p le s ’ ......... ..............
603.1
175.7
1.655.5
238.4
200.0
N o rth A m e r ic a .........
982.0 7.099.2
6.399.9 1.134.5
582.1
700.0
H a n o v e r ...................... 1,000,0 2.044.8 17,458,5 5.309.5
4.447.4 24.654.0
I r v i n g ...........................
622.7 3.143.0
347.0
347.6 2.946.0
600.0
513.2 3.189.7
2,4*7,2
394.1
C i t i z e n s '......................
515,6
600,0
529.2 3.017.6
191.2
N a s s a u ..........................
282.4 2.437.6
500.0
M a rk e t A F u lt o n ...
1.083.0 5.909.4
045.8
963.0 5.686.2
900.0
S h o e A L e a th e r ........ 1,000,0
580.8 3.065.3
434,5
115.4 3.442.8
C orn E x c h a n g e ......... 1,000,0 1.243.0
1.143.0 9.627.3
8.470.9 1.413.1
C o n tin e n t a l...............
4.941.7
649.0 1.210.1 6.116.8
200.1
1,000,0
O rien ta l. ......... - ........
306.7 1.735.3
148.1
1.772.0
394.2
300.0
7.813.0 28.063.0
I m p o r te r s ’ A T r a d ’rs 1.500.0 5.555.5 22.668.0 3.340.0
P a r k ............................... 2.000,0 3.202.0 25.103.7 9.180.8
3.734.0 33.712.0
1.309.9
160.9
1,200,6
E a s t R iv e r ..................
314.1
138.8
250.0
4.421.0 23.949.4
F o u r t h .......................... 3.200.0 2.040.8 21.376.2 3,253.3
C e n tr a l.........................
1,000,0
500.3 8.190.0 1.570.0 1.530.0 10.187.0
847.0 1.303.0 0,224,0
S e c o n d .........................
670.7 4.899.0
300.0
1.172.7 4,212,2
N in t h ............................
406.1
290.1 3.205.7
750.0
F ir s t ..............................
500.0 7,028,7 22,033.4 3.560.7 2.454.9 21.969.8
1.918.8 10.272.7
T h ird......................
244.8 8,108,6 1.627.5
1,000.0
140.4
N . Y . N a V l E x c h ’ ge.
231.0 1.259.4
75.0 1.313.2
300.0
501.0 3.096.0
425.0
B o w e r y ........................
598.8 2.781.0
250.0
294.7 3.329.2
600.1
N e w Y ork C o a n t y ..
426.3 2,715,4
200.0
474.9 2.079.7
209.3
G erm a n A m e r ic a n ..
280.4 2.743.8
750.0
5.510.5 22.823.5
C h ase ........................
600.0 1.481.1 14.961.3 4.357.1
1.270.0 8.672.2
F ifth A v e n a e .............
100,0 1,108,3 7.408.9 1.203.8
560.2 2.964.4
139.4
2.339.3
G erm an E x c h a n g e ..
550.2
200,0
540.8 3.750.9
G e r m a n ia ....................
505.5
088,6 2.698.0
200,0
759.2 0,190,8
U n ited S ta te s ...........
599.2 5.572.4 1.002.9
600,0
L i n c o l n .......................
©38,4 1.135.0 7.040.6
609,6 0,071.2
300.0
681.7 5.409.8
G a r fie ld ........................
911.8
725.3 4.409.8
200.0
395.7 1.948.7
F ifth ..........................
229.0
1.040.8
306.5
200,0
1.275.1 6.061.4
B a n k o f the M e tro p .
864.9
826,0 4.408.5
300.0
397.0 2.483.0
2.360.0
W e s t S id e .____ ____
232.0
200.0
320.1
S e a b o a r d .....................
784.0 1.592.0 7.787.0
6.149.0
500.0
286.1
270.0 1.541.0
S i x t h ..........................
1.068.0
195.0
200.0
339,1
W e s te rn ..................... 2.100.0
862.0 5.223.0 15.725,4
451.0 13,015,9
661.6 5.386.0
F i r s t N a t. B M clyn...
812.5
300.0
930.3 6.104.0
1.427.9 10.071.7
N a t. U n ion B a n k . . . 1,200,0
074.0 9.832.0 1.839.5
405.9 2.585.3
Liberty N a i . B ank
274,8
600.0
248.0 2.499.5
405,6 3.433.1
1,000,0
N Y . P r o d . K x o h ’ ge
547,1
363.9 3.802.5
Ask.
641® 65%
3
4
New Y ork City, B oston and P h ila d e lp h ia Banks:
Hanks .
Specie.
Bid.
New series___1914
New bonds, J&J.........1892-1898
Capital Surpl’s] Loans.
155
125 Jan
114*8 May
91*4 Jan.
109 58 May
Jan.
105*8 Apr.
1 Jan.
27 Jan.
85 May
4% Mar.
162*8 May
37*« Jan.
25 Jan.
116 May
105 May
67 Jan.
42 Jan.
S T O C K E X C H A N G E P R I C E S .- O T ^ T E B O N D S M A Y 2 8 .
Ask.
i*02
Highest.
J Aotual sales
N ew Y ork C ity B a n k S ta te m e n t for th e w eek
M ay 22, 1897.
W e om it two ciphers ( 0 0 ) in all cases.
B anks
(0 0 s om itte d .)
May 28.
I nactive Stocks.
ff Indicates unlisted.
Highest.
170 Feb. 177Li Apr.
8% Apr. 30*8 Jan.
22*8 Apr.
27*8 May
102 Mar. 105 Jan.
16% May
20*4 Jan.
55 Feb.
55 Feb.
68 Apr.
72 Feb.
10
28
106
20
56
75
latest price tills week.
NEW
SECURITIES.
Lowest.
(% Indicates actual sales.)
Surplus.
Loan».
$
726.5
726.5
726.5
726.5
Specie.
Legals.
$
87,329,8
87,570,7
88,132,2
88,295,5
$
105,803,8
99,115,0
99,411,5
100,736,3
10.373.0
393,8! 173,308,0 10.300.0
393.81171.228.0 10,400,0J
Deposit*.* Olrc’Vn. Clearings.
$
570,863,9
570.361.3
572,212,8
572.131.4
7.176.0 165.980.0
7.418.0 106.416.0
7.805.0 166.559.0
38.406.0
388.0
109,427,0
37.513.0
388.0' 110,164,0
37.293.0
388.0,110.976.0
118.994.0
119.634.0
118.942.0
$
15.002.2
14.672.3
14,484,1
14,405,8
$
492,572,3
027,710.6
542,384,2
536,402,9
8.928.0 107,784,5
8.261.0 99.525,8
7,941,0 95,375,6
6,816,0
0,831.0
6,826,0
00,147,8
55,999,0
59,979,7
* W e om it tw o ciphers in all these Jfyures.
+ Including for Boston and Philadelphia the item “due to other banks” .
M iscellaneou s and U n listed B o n d s :
Miscellaneous Bonds.
Ch. Jun. & 8. Yds.—Col.t.g.,5s
Colorado C. A 1 .1st cons. 0s,g.
Colorado Fuel A I.—Gen. 5s.
Col. A Hock. Coal. A I.—0a, g.
Commercial Cable—1st g. 4s.
Cons.Gas Co.,Chic.—1st gu.5s
lie Bardeleben U. A I.—g. ds.
Det.. Gas con. 1st 5.................
Edison Elec. 111. Co.—1st 5s..
Do of Bklyn., 1st 5s..
Eqnit. G.-L , N. Y.,cons.g. 5s.
Equitable G. A F.—1st (Ts__
Erie Teleg, A Telep. 5s, g...
Galveston Wharf Co.—1st 5s.
Henderson Bridge—1st g. 6s.
Miscellaneous Bonds.
Jeff. A Clear. C. A I. 1st g. 5a 100 b
2d g. 5 s ............. .................
77 b
Manhat. Beach H. A L. g. 4s.
Metropol. Tel. A Tel. 1st 5s..
103 b. Mich.-Penin. Car 1st 5s —
92*ab. Mutual Union Teleg.—6s,g..
82 a. Nat. Starch Mfg. 1st 6s........ 100 *sb
70 b. N. Y & N. J. relep. gen. 5s..
112 b. Northwestern Telegraph—7s
109 b People’s Gas A C. / 1st g. 0s.
112 b
Co., Chicago...... J2d g. 6s. 108 b.
•102 a.
1st cons. g. 6s..................... 105 *ab.
*101 b South Yuba Water—Con. 0s.
100 b Standard Rope & T.—Inc. 5s. * 16*4
Sunday Creek Coal 1st g. 6s.
105 b
Western Gas coll, tr, 5s........
Non-conv. deb. 5s................ ........
94*4b
N ote —“ o'*indicates price bid; “ a” price asked. * Latest price this week.
107 tjb.
92 b.
81 a.
Bank Stoek L ist— Latest prices. ((N ew stock. *N ot Listed.
BANKS.
Bid. Ask.
BANKS.
Bid. Ask.
210
140
292
500
German Am. 110
German Ex.* 300
330
105
330
H de A L." ..
155
Im.ATrad’rs 525
140
170
Liberty*...... 132
750
Manhattan... 215
MarketA Ful 200
Mechanics'. 185
11th Ward.. 200
Fifth Ave— 3000
250
Fifth*. .
3000
FirstN., 8 .1. 120 150
Mercantile... 170
Merchant.’ .. 140
114
440
Mt. M'orrls.. 98
175
Gallatin___ 810
QanaevoortV
200
New York... 230
N. Y. Co’nty 680
325
Am. Exch... 168
Astor Place* 220
300
235
400
Chatham...... 280
City___
Citizens’...... 125
100
208
Continental. 130
Corn Exch... 285
170
250
115
170
300
140
185
330
95
BANKS.
Bid. Ask.
N.Y.Nat.Ex
Ninth.......... 100
325
19th Ward.. 100
350
135
175
350
175
Park........... 260
90
210
550
Phenlx ----- 105
155
185
115
Repnblio... 145
800
109
240 Second ........ 425
240 Seventh.
100
192
Shoe A Le’th 91
124
110
187** Third.........
145 Tradesm’n’s. 97
104
105
240
700
200
Union Sq.*._ 175
175
170
.Western...... 114
1West Side... 276
100
100*3
190
190
268
108
160
90
00
13*6"
185**
THE
1034
BOSTON, P 3 IL A U E L F U IA
C H R O N IC L E .
[Vol. LXIV.
A M I BA LTIM O RE STOCK EXCHANGES.
: J* s h a r e P r ic e * — a o i N r C e n tu ra P r ic e * .
Aetiva f lo c k * .
Saturday,
51ay 22,
Monday,
May 24.
10% 10%
10% 10%
Allantle P*c.
_
J5S i-hi.-wmi
A OhtC (JfalLKlOOj n o %
as A
Of*
Halt. O Sy Faaa’gwr “
S5j
B * l«»c re Traction **
go *19% 19% 19% 10%
W H 10%
gaBSoefeTree h r <l ew. 1.^*5.
211% 2 1 1 ^ •210 212
B«w5i.m * Alb*M “
‘
215
•213
*213
•'
100
Sattut A Lowell
<•
100 158% 158%
159
Btwtoft A '! '!«*•
10%
10%
"9
*9
«
100
Central o f M ae* .
53
**
100
Preferred.....*
75%
73%
*>
100 74% 74%
nikvBar.A Main.
73% 74%
auc.MU..* s : r. (f'Ml.MTO 74% 74%
50
6%
0%
«%
C'i
i■’ , **
A ids. r. A »- r»,lfl.«<CI»».100
A
05. st.Ry.of la ilf
100
FHefcbttr*
92
92
f^ a % k Vafter.. CfMKa.j. 50 23% 23%
Metrotwl’nTrac-T
“ 100
8
*7%
Mexican OrutT f
New England....
** 100
.
Pre'entwl . . . . . .
* 100 *57
Boston),100
Northern Centre! fB a! .J. 50
NuribAro Paclllc ( P h ila .)) 00 412%
PreferreiS
**
100 •30%
0i4 Colony___
.100 177%
Per,navi v an la. , . ( Phila. ) . 50 51%
69%
PhUatfeiph. Tree.
’ • so
o . .......
“
80 8 tou
ek
Oajoo Baoiflo...
9%
Bulan Traction.-!
50
(Boston)
(Bolton).100
Phila.),
*92
23%
23%
*7%
8%
sttr - a-T- , m._mr
12% *12% 13
36% 36%
36%
177% *176% 177
52
51% 52%
09% 69%
09%
9%
9
S%
0%
0%
6%
9%
9%
y%
m a c e lla u e o n a Srtorli*.
Am.Stlc'r U efln .ftlia tto n j.... 113% 113%
“
.... 103% 103%
Preferred........
Bell Telephone..
“
100 230 230
Bcwt A Montana.
**
25 122% 122%
Butte A Boston.;
"
25 17% 17%
Calomel & Heola
**
25 ‘ 370 375
Caaitra C o ---- . . . (B ud.).100 *60
{YmMlidatedQas
"
100 56% 56%
EUstStor. B»t*yH (PAiia.i.100 17% 17%
Preferred f
“
100 nvirirrtf
65%
Erie Telephone. (Motion) .100 *
General Electric.
”
100 *29% 30%
70
100 •66
Preferred........
33
Illinois Stool. . . .
“
100 *32
20%
I^;>. -onSton-Her.
"
50 •20
374»
Lehl’b Ceal&N»v.
50
*106% 107
N. K,Telephone
{r%ila.
iBoston)
"
PmHeat,L,&PowfPA«a,.)
Unit'd Gaa Imp. 2
Weiabach U g h tl
•'
5
West End Land .rBor/on!—
113%
103%
230%
121%
17^
371
114
104%
231
123
17%
371
*56
18%
-TtriTWa
*64%
31
‘ 66
*32
20
*
100%
13%
57
18%
i%
'2 %
1%
* Bid and asked prices; no sale was m ade.
Inactive Stocks,
Prices of May
28.
{Balt.).
(Boston)
ila.).
Bid.
Ask.
65%
31
70
33
20%
37%
107
13%
2%
Tuesday,
May 25,
W ednesday,
May 28.
Thursday,
M ay 27.
10% 1 0 % 10% 1 0 %
10% 10%
__. . . . . . . . . . . . . . . . . . . . . ••...a . . . . . .
•10
. . . . . . . . . . . . *12
11
19% 19% *
19% 19%
19%
____ _ . . . .
19% 19:% 19% 19%
210 210% 210 210
211 211
213 213
213 213
•213 214
157% 158% 157% 157% 158 158
*9
10
•9
0%
10
9%
57
57
75%
75
75%
75%
75%
74%
7 4 % 75 Sa 75
75=8
74% 75
6%
7
0%
6%
0%
m
2 1 % 21%
92% 93
93
93
92% 92%
23% 23%
23% 23%
23% 23%
. 105 105
7%
7%
7%
7% 7%
7%
. . . . . . ______ ______
•. . . . . ,Tn.Tr_r
__ *57%
*57
*57%
___ ♦
72 4
72
12% 12%
12% 12%
1 2 % 13%
38
38
37% 37»« *37=s 37%
176% 176% 176% 176% 176% 176%
52%
52
52
51 "g
52%
51%
69% 69%
69% 69%
69% 69%
9% 9% f
9
9%
88ia 9=18
7
7%
*6*
7
6l5 ,a 7
9%
9%
9%
9
9%
9%
11-lJfi
104
230%
123%
173s
371
115L?
lOL^
231
124%
17%
371
115
104
231
123%
17%
375
116%
104%
231
124%
17%
375
115%
104
228%
123
17%
374
56
56
56
55%
18% 18%
19
19%
20
20
20
20
*64% 65
65
64=8
*30%
3 1 % *30% 31
70
70
70
67
*32
*32
20
19% 19%
19%
*
37% 3 7 % 38
37%
106 103% 106% 106% 106
14
14
14
13% 13%
72
7214 72Sg
40
40
40%
2 % *2
2 % *2
2^8
56
18%
20
%i4%
31%
*66
*32
19%
Bonds.
Bid.
Friday,
May 28.
(PAUa.)
(Boston)
“
(Ph.Ua,)
(Phila,).
t Boston)
“
(Philo, i.
..............(B oston).
(Ball.).
..(Boston),
Philo.).
..(Boston).
**
\ M(Phila.)
Piston),
(Boston).
X
%
setter
Pi o'.,
......, Boston),
f.
sc.
10 %
B an gs o f sales In 1897.
lowest.
Hlghe-i
2,356
12% Mar. 3
9*8 Apr.
■37% Jan. 13
T 5 Feb.
h
*9% 1 0
17 % Jan. 8
11 May
*8 i
65
66 Apr. 17
591* Jan.
‘ 19
S10 17 Jan.
19%
20% Apr, 2'
lit
771 17% Jan.
20% Apr. 219%
•212 213
52 209 Jan.
217 Mur. 4
*212 213
26 205 Jan.
214 Apr. 7
157% 158
81 157** May 25 166 Jan. IS
*9
10
2 1 9 Apr.
11 Jan. 20\“>8
53
20 56 Mar.
58 Mar. 3
7 5 % 76
22,039 69% Jan.
78% Mar. IS
7 -1 % 75% 11,200 69*4 Apr.
78% Mar. 15
e%
590
0%
8% Feb. 5
6 May
*20
253 16 Apr.
25% Jan. 2 0
*02
173 91 Jan.
93
84% Mar. 1 5
23% 23%
828 20% Feb.
30% Jan, 2
100 108
101 99>* May
110% Jan. 5
*7%
8
427
7i* Jan.
9% Jan. 3©
*18
25
IB Apr.
37% Jan. 19
*57
58
57 Feb.
61% Jan. 7
*70% 71%
67% Jan.
72 Apr. V
12% 13%
1,760 10% Apr.
10% Feb. 1
1,022 33% Jan.
37% 38
39 Feb. 1
*176 177
146 176% May
180 Mar. 1
51% 52%
2,970 51% May
53% Mar. 15
69% 695g
891 66% Jan.
74 Mar. 4
9% 9 im 12,243 89is Apr.
9% M ay 10
952
6%
9 Jan. 7
5 Apr.
6%
13% Mar. 3
8% Apr.
9--% 3,597
9%
116%
104
230
124
17%
375
115% 116% 14,847 109% Mar. 29 118%
104 104
196 100% Jan. 6 105%
225 227
238 205% Jan. 4 236
123 123%
5,977 94% .Tan. 2 129
17% 17%
2,305
6 Jan. 11 20
*372 375
64 326 Jan. 2 390
*62
65
60 Jan. 8 07%
55%
55% 55%
657 55% May 28 62%
19
19
19
1,295 15% Apr. 22 31
20
20
20
413 17% Apr. 30 33
64=s 04% 64%
70 63% Apr, 1 67%
31% *31
31%
350 28% May 17 36%
67
*67
70
151 66 May IS 78
34
*32
35
29% A pr. 21 41%
19% *19% 20
449 19% M ay 26 23%
38
37% 3 7 %
202 37% May 26 42
100% 105% 105%
2 9 1 0 1 Apr. 5 107%
14
*13% 14
1,429 13 Apr. 30 16
72%
613 70% May 3 74%
7238 723g
40% *40»« 41
61 38% Apr. 6 47
2%
2%
*218
101
1% May 22
2%
t Trust reo.,all instal. paid.
Ask.
63
BostOD United Gas, 2 d m . 5 s ..1939 $ 61
62
93
100
Burl.<feMo. B lv e r E x a n p t 6s, J&.T U 18 119
Atlanta & Charlotte
100 263 266
Boston A Providence
Non-exem pt 6s....... ..1 9 1 8 , JA J fl0 8 109
50
98
Plato 4s......................... 1910, J&J 5 95
Camden A Atlantic pf. (PA
50 . . . . . .
Ohio, Burl. A Nor. Ifit5,1926, A&O §103 103%
C k s w I 'M ..................
50
99
2d mort, 6e..... .......... 1918, J&D
1st preferred..........
'*
"2 5 "
60
Debenture 6s............ ,1896, J&D I 88 ......
Central Ohio................
10
5
95
Chicago A West MlOh.tBoston). 100
ChiO.Bnrl.AQul2ioy4s .1922.F&A § 93
100 145 147
Connecticut* Pass..
“
Iow a Division 4 S .....1 9 1 9 , A&O 1 98 100
100 £45 250
Connecticut River__
“
Chif.&W.Mieh. gen. 5s, 1921, JAD 5 50
55
29
C'oasol. Tract, of N.J.fl
100 28
57
Consol, o f Term ont, 58.1913, J&J § 65
100 180 190
IMswartwABoundBr.
••
70
Current River, le t, 5S..1927, A&O « 00
12
7
100
Flint A Fere M aro...
07
Det.Gr.ltap.&Mr.,la t4 s,1 9 4 6 .A & 0 5 66
30
100
20
Preferred — ----------Eastern 1st m ort 6 g .l9 0 6 ,M & 8 .. 5120 121
50
BeHonvtlle Passeng.
50
Iree.E lk. &M.V.,1st, 6s,1933, end. §131
50 60% 61%
Preferred li.......—
“
Unstamped, 1st, 6s, 1933............ §131
16
50
Hnni.& Broad Top...
“
70
K ,C .C .& 8pring.,lat,5g.,1925,A & 0 § 60
48
50
Preferred...............
“
K O. F .S .& M . oo n .6 s.1 9 2 8 , M&N 5 85
87
5
10
Kan. C’yFt.8, & Mem.(Boston). 100.
70
K.C. Mem. & B ir,.1st,2s,1927, M&S * 68
40
100 30
Preferred........
*■
K.
C. 8t. Jo. & C .B .,7 a ..1907,
5121J&J122
52% L. B o o k * F t 8., 1st,7 s ..1905, J&J § 75
50! 52
little eohuvlMU........
85
100 121 123
Maine Central.........
Louis., E v.& St.L .,lat,6g.l926, A&O §100 103
55
Mice Hill A- S.Havi n.i'PAifo.i 50; 54
2m ., 5—6 g ................. 1936, A&O 0 5
87
50 53%
Kesoaeboning V a l. . .
“
Mar. H . & Ont., 6s....... 1925, A&O §107 108
North American Co..
100
07%
M exican Central, 4 jr ... 1911, J&J § 67
90
Fort! Pennsylvania.
“
0
16
17
1st oonsol.inoom es, 3 g, non-oum.
100, 15
16
'
:
6
8
2d oonsol. lnoom es, 3s, non-oam.
Pennsylvania & N, W,
25
N. Y. & N .Eng,, 1st, 7 s ,1905, J& J‘ §119 119%
Phllartei. A Erie........
“
19
1st m ort. 6 s . . . . .........1905, J&J §113 113%
Rutland
i
%
83
Ogden. & L ,0 .,C o n ,6 s... 1920,A&O § 82
P referred.............
“
In c .6 s ........... .......................... 1920
15
Southern,.. . . . . . . . . . .
Ku Hand, lo t ,6 s ............1902,M&N §105 107
Preferred.............
1 98 100
Wait E n d ..............
77% 78
Preferred............ .
92 i 92% A tlantSTtify l8 t'ilfg ® 1 9 tt* M & N 107%
United Co*, of v. J f
246% 247% Buffalo By. oon. 1st, 5s..........1931
......
West Jersey A Sea 8b.
'*
47% 48
Catawissa, M .,7 s ......... 1900, F&A 109% . . . . . .
Western N.Y, A Penn
“
2%' 2% Choo. Okla. & u u lf, prior lien 6s.- 109% 1X0
Wisconsin Central.
1
2
Geueral 5s.................. 1919, J&J
80%
Preferred........ . . . .
**
C itiiens’ 8t,R y.of im i.,eon.56.1933 ...... 75,
Wore*at.lt asl.ii Koch.
Columb. 8t. B y,, 1st, con, 5 s ..1932 ......... *.......
mscKtAsseooa,
Columb. O. Crosstown, 1st,58.1933
Allooaa Min'*, asst h
V, Oonsol. Traot. o f N. J „ lst,5 s.l9 3 3
9i% 91%
Asner. I.y. 61 lig h t..
5% D e l.& B ’dBr*k, 1st,7 8 .1 9 0 5 ,F&A ...... ......
A Iantl1 Minin*.. . . . .
19% Easton & Am. latM .,5s.1 9 2 0 ,M&N
Bay 61*10 Gas f . . . . . .
*•
4% Bleo.& Peopl6’ sT rao.8took,tr,otfs
09% 70%
i,-<*bog .la n d ,,,,,.,,.
"
1% Elmir. & W flm .,ls t,6 s .l9 1 0 , J& J.
Centennial Mining...
“
6% Uestonvillo M. & F., con. 5S..1924 114%
Fort ayrie Elretf!,.
**
1 Hunt. & BrM Top, Con, 6b. ’95,A AO 101%
Fr*ok.‘ r. Mining.___
“
13% K. C, Sub. Belt 1st 6s. - .1920, J&D 100 105
Fr
ri,‘n’s Kay l.’ il.
i*
09
71
1 1K un.C .l’ ltts.& U .la tS s.1923, A&O
Kesrearke .Mining,,.,
“
Lehigh tfiiv.4% 8...........19 14,Q —J 112
...
Mining.........
*•
3d 0», g o l d .................1897, J&D
105%
I* • i si* Paiaea i 'ar.
*’
Oeneral m ort. 4% «, g , 1 9 2 4 ,0 —F 102L)
1* ••‘ jita ija s te e l. iPABa,).
Lehigh Vat.Ci>al 1st 5s7g. 1 9 3 0 &J 94
Preferred7 .... ....
*•
L tbigb V alley, 1st 6 s ...1898, J&D 100
Mining
2d 7 s . . . . .......................1910, M&8 129
Tvii',»-reefe MUdng..,.
*’
Consol. 6 . . . . . .............. 1923, J&D __. . . i'17
W a te rp ow e r.........
**
Newark Passenger, oon. 5 s...1930 108 110
WasdJBkfi, Bis*. A M .’
«
North
Penn, l e t , 4 s ....1 9 3 6 , MAN 111%
ruaiRlarjFe
a
Oen. M. 7s..................... 1903, J&J ...... 121
B on d*—B oston ,
,
;
Paterson
Railway, oonaol. 6 s . . . . „ ...... ......
At-Top, A 8.
genera; is . i
81% Pennsylvania g e u .6 s , r,.1910, Var 133
AJJ— *----* •a. *-4s,- Ippl
— -w
fiienl
4 .%
Oonaol, 6s, o
............1905, Var 119%
Ko«*.: ltd ted 0 M i* | s»..
84
Oonaol. 5 e ,r .................1 9 1 9 , Var
......
’ Price Inelnlre nverdae potman.
1 Unlisted,
| And accrued interest.
(Balt.)
10%
8alea
o f the
Weak,
Bonds.
Mar.
Mar.
May
Mar.
Mar.
Mar.
Feb.
Jan.
Feb.
Jan.
Feb.
Fob.
Jan.
Jan
Feb.
Jan.
May
Mar.
Feb
Jan.
Feb.
Bid. An*
Penn,—Oollat.Tr. 4% , . 1913, J&D
P a . &N. V. 0 a n a l,7 s ... oi,J&X
T oT '
Oon, 5S...1................... 193 A * l
People’s Irac. trust certs. 4s..l943
97%
Perklomen, 1st ser.,58.1918, Q—J
Phila.&Erta gen, M, 5g.,1920, A&O 118
105
123
Consol, mort. 7 s ......1 9 1 1 , J&D 132%
Oonsol. mort. 6 g ........ 1 9 1 1 ,J&D
Improvemenf.M.6 g., 1897. A&O 102%
Con. M.of 1882, 4s ...1 9 3 7 , J&J
Terminal 5s, g ......... 1941, Q.—F. 114%
Phil. WUm. & B a lt , 48.1917, A&O
Pitts. 0. & 8t. L., 7 b. ...1 9 0 0 , F&A 110*1
Beading Co. gen. 4a....... 1997, J&J
81%
Rochester Railway, oon. 6s ..1930
85
8ohuyl.B.E.8ide,let 5 g.1935, J,&D 10414
Union Terminal 1st 5s....... ..F & A
AtifnOtnad&S6 ^ ^ O
7 ^ i 9 0 7 l J&J
Baltimore Belt, 1st, 58.1990, M&N
Balt. C. Pass. 1st 5 8 ....1 9 U , M&N
Balt. Traction, 1st 5 s..1929, M&N
Exten. & Inapt. 6s___ 1901, M&8
No. Balt. Div., 5s....... 1942, J&D
Baltimore & Ohio 4 g., 1935, A&O
Pitts. & Conn., 5 g ..,.1 9 2 5 , F&A
Staten Island, 2d, 5 g.1926, J&J
Receivers’ cergfloates, 6s.-J&D
Do. Maryland Construe., 5 s........
Do. Plttsl). & Connells., 5s..J&J
Bal.&01no8.'W.,lBt,4%g.l990, J&J
vOUui AisBO>| aOu uO_***i AvOu) uluvi'l
City & Sub., 1st 5s.........1922, J&D
Chari. Col.&Aug,ext.5s.l910, J&J
Col. & Greeny., 1st 5-6s. 1917, J&J
G6orgla&Ala„lstpf. 5s.l945,A & 0
Qa.Car. & Nor. 1st 5 g ..l9 2 9 , J&J
Georgia Pao., 1st 5-6a...lb22, J&J
Geor. So. & Fla., 1st 5a ..1945, J&J
North. Cent. 6s................ 1900, J&J
6 b................
1904, J&J
Series A , 5s....... . ....1 9 2 6 , J&J
4 % s................................1925, A&O
itts. & Connells. 1st
Southern, 1st 5s........... -.1 9 94 , J&J
Virginia Mid., 1st 6 a ...1906, M&8
2d Series, 6s..................1911 M&S
3d Series, 6 a . . . . „ — .l9 1 6 , M&8
4th Series, 3-4-5 *....... 1921, M&-8
5tk Bertas, 58.............. 1926, MAS
West V». 0,& P. 1st, 6 g. 1911, J&J
---™ il, & Aug., 6a..19x0, J&D
Mllil!KI.I..VNKOUB.
Baltimore Water 5 a ...1916, M&N
Funding 5 s . . „ « ....... 1916, MAO
Exchange 3**a.............1930, J&J
Virginia (State) 3«,new . 1932, j &J
Funded debt, 2-3a........1991, J&J
Cheaapeane Oaa, 6 a ..„ . 1900, J &L
Oonaol. Qaa, 6a.— ____ 1910, 1*1
im o.TJb.
5a_________
3
12
1316
15
1
6
15
1
29
24
2
20
18
1
14
18
18
3
12
9
102 V
98
___
105%
........
........
......
81%
90
121 121**
..••■a 89
113 113%
111
105
113% 114
100
104%
____
100
101
......
”98%
113
113%
108
112
100
80
114
96%
108%
112
115%)
106
105%
89%
113%
118%
114%
—
114
102%
80%
96%
90%
120
.. . . . . .
103%
109 109%
118 120
121% 122%
i06% 107
75
73
64% 65
106
117% 117%
109% 110%,
THE CHRONICLE.
Ma y 29, 1897.]
N E W Y O R K S T O C K E X C H A N G E P R IC E S ( C o n t i n u e !) —
Railroad and
Miscellaneous Bonds*
C lo s in g R a n g e (s a le s) in 1897.
P r ie s
InC st
P er io d M a y 28.
Amor. Cotton Oil, deb,,8g. 1900 Q—F 106 b.
A S 75
Amer. Spirit Mfg., 1st, 6g.l915
78%
Ann Arbor.—let, 4s, g .,...1 9 9 o Q -J
A
& O 81 %
At.T. &S.F.—New gen. 48.1995
47%
Adjustment 4a.................. 1995 Nov.
B’way&7thAv.-lst.oon.g.53’43 J & D 120 b.
Brooklyn Elev. 1st, 6 g ....l9 2 4 A & O 76
Union Elevated.—6 g ..—1937jM “ " 1 74%a.
Bklyn Rap. Trans., 5 g . . . . l 9 4 5 |A A O 70
Bklyn.Un.Ga8.l8t.eon.5g.1945 J * J 112
B’klynWhrf&W.H—lst,58,g. 45 * * A 96%
Boff. R. & P .-G e n . g. 53.1937 |M & 8 97%
Canada Southern.—1st, 5s,1908 ^ * « lllH b .
2d, 5s.................................. 1913 M <fc S 106 \
Cent, of Ga.—1st, g., 5 s ...1945 F & A 113 a.
Cons., 5s, g ......................1945 M &N' 89 a.
105 b.
Central of N. J.—Cons.,7s,1899 Q -J
Consol, 7s........................ 1902, M & N
General mortgage, 5 g -..19 8 7 " « « 108
Leh.<fcW.B.,oon.,7s,a3’d.l900j Q—M
93 b.
75%a.
“
mortgage5s.l912 M * »
Am. D o o k & Im p .,5 s ....l9 2 1 J “ J 115%b.
Central Paolllo.—Gold, 6 s .1898 J A J 1 0 2 %b.
Exten. 5 g......................... 1898 J & J 101 %b.
Ches. & OMo. -Ser. A, 6g..l908 A & O 120 b.
Mortgage, 6 g . . . .............. 1911 A 4 0 121 a.
lstconsol., 5 g....................1939 M & N 109%
General 4 ( 39, g ................. 1992 M & 8 72%
R .& A .D iv., lstoon., 4 g .l9 89 J & J 102%
“
2d co n .,4g..1989 J ds -J 91 b.
Okie, Bnrl & Q.—Con. 78.1903 " , & J 119%
99 %b.
Debenture, 5s.................. 1913
®
Convertible 5a................. 1 9 0 3 (M & S 102%
95 b.
Denver Division 4s____ 1922|f, ® a
. 90%b.
Nebraska Extension, 4s.1927 J) *
H an.ASt.Jos.—Cons.6s.1911
8 1 2 0 %a.
Ohio. A E. 111.—1st,s. f. 68.1907 J & $>'■ I15%b.
Consol 6g......................... 1 9 3 4 ;A A O *125%b,
General oonsol., 1st 5 s . . l 9 3 7 jM A N 99%
Obloago A Erie.—1st, 5 g ..l9 8 2 M * K 108%b.
Oblo.GasL.AC.—1st,5 g ..1937}J * J 98 b.
Chic. MU.&St.P.—Con.78.1905|J * J; 134%
118 b.
1st, 8outhweetDlv., 6a..1909 « «
1st, So. Minn. Div., 6a..19101J & J 118 b.
let.Ch.A Pao. W .D iv.5s..1921 J & J1 116%
Chio.<teMo. Riv.Div.,5a.. 19261J & J 112 b.
Wise. AMinn.,Div ,5 g ...l9 2 1 J & J *113%b.
Terminal, 5g.................... 1914 J & J *113%b.
Gen. M., 4g., seriesA___1989 ■* & J 102
MIL A Nor.—i8t,oon.,6B.1913lJ 4 D 120 b
Ohio. A N . Pao., 1st, 5 g . ...l 9 4 0 A A O * 40%b.
Ohio. A N. W.—Consol.,7b. 1915! Q - F 144%
Coupon, gold, 7 b.............1902|J & D 1 2 0 %b.
Sinking fund, 6s............. 1929 A A O '117 b.
Blnklngfund, 5 b............. 1 9 2 9 |A A O I l l b.
Sinking fund, deben.,5 b. 1933 M A N '114 b.
25-year debenture, 5a...1909 M A N 108 %b.
Extension, 4 b.................. 1926 F A A 104
Mil. L. Sh. A W ., 1st, 6g.l9 21 M A N 131
Exten. A Imp., 5g.......1929!F A A *114 b.
Ohic.R.I. APao.—6 b,coup.1917 J * J 132 b.
Extension and ool., 5 s ...l9 3 4 jJ A J 105%
SO-year debenture, 5 b. . . 1921 M A 8 98
Okie. St. P. M. A O.—6 s ...1 9 3 0 J A D 133%
Oblo.AW.Ind.—Gen.,g.,6 s. 1932 Q -M 119 b.
Clev. Lor. A WheeL—5a...1933 A A O 97 b.
O. 0. C. A I.—Conaol.7g ...1 9 1 4 I A D 134 b.
General, oonsol., 6 g . ... 1934 J & J *127 b.
O.C.CA8 t.L.-St.D.Dlv.,48.1990 M A N
95 %b.
Peo. A E.. 4 a ................... 1940 A A O
72 a.
OoL
K. ..1940 F A A *110 a.
VUl, Midland—Cons.,
i. li'.inilH----- UV1U.J 4 g.
117 a.
CoL A 9th Ave. gu. os, g ..l9 9 3
C0 LH.Val.AT 0 l.—Oon.,5g.l931 M A S * 67 b.
General, 6 g.......................1904 J A D
Denv. A Rio Gr.—1st,7 b,g .1900 M A N 109%b.
1st oonsol., 4 g..................1936 J A J 87%b.
Dul. A Iron R’ge—1st, 5a-1937 A A O * 97%b.
DnL 8 0 . Sh, A AtL—5 g ....l9 3 7 J A J 100 b.
Edison El. 111.—lBt,oon.g.5s.’95 J A J 112 b.
Erie— 4, g, prior bonds___ 1996 J A J 89%
General, 3-4, g................ 1996 J A J 63 %b.
Erie Ry,—1st, oon., 7 g ..l9 2 0 M A S 141 b.
L’g Book, oonsol., 6 g .1935 A A O 135 b.
Ft. W. A Den. City.—4-6 g.1921 J A D 57%
Gal.H.A8an.An-M.AP.D.lst,5g M A N
89
Gen. Eleotrio,deb. 5 s ,g ...1922 J A D 98 b.
Hous. A T. Cent. gen.4s,g.l921 A A O 68 a.
fflllnols Central.—4s, g____1953 M A N *101 b.
Western Lines, 1st, 4s, g.1951 F A A 105 b.
InLAGreat Nor.—1st,6 s,g 1919 M A N 117%b.
2d,4% -5s........................... 1909 M A S
74 b.
Iowa CentraL—ls t,5 g ___ 1938 J A D 90%b.
Kings Co. Elev.—1st,5 g ..1925 J A J 45 b.
Laolede Gas.—1st, 5 s ,g ... 1919 Q—F
96%b.
Lake Erie A West.—5 g .... 1937 J A J 1 1 0 %b.
L. Shore.—Con,op., 1st, 7 s .1900 J A .J 113%
ClonsoL ooup.,2d, 7 s .....1 9 0 3 J A D 123%
Leh.VaLTer.—1st, gu., 5s.l941 A A O 108 b.
Lex. Av. A Pav. F. gu. 5s,g 1993 M A S 117
Long Island.—1st oon.,5g.l931 Q -J
1 2 0 a.
General mortgage, 4 g ... 1938 J A D 8 8 %b.
Louis, ANaah.—Cons.7s..1898 A A O 103%b.
N. O. A MobUe, 1st, 6 g . .. 1930 J A J 121%
“
"
2d, 6 g._ 1930 J A J 101 b.
General, 6 g......... ............1930 J A D 118%b.
Unlfled,4g........................ 1940IJ A J 79 b.
Louis,N. A. A Oh.—ls t,6 s .l9 1 0 lj A J 114 b.
L ow est.
H igh est.
ACTIVE
1035
BONDS
ifA F 2 8
Railroad and
Miscellaneous B onds.
AND FOR YEAR 1 8 9 7 ,
g
InVst C losin
e
Period MParyi c28.
R a n g e (s a le s) i n 1897
L ow est.
] H igh est,
A A O t 81
Feb. 109 Jan.
L.
N. A&C.—Con., 6 g, tr.rs.1916
t81 May t85 Jan.
Apr.
95% Feb.
Manhattan oonsol. 4s....... 1990 A A O 92%
81% Feb.
91% Apr.
Jan.
Metro. Elevated.- 1st, 6g.l9 08 J A J 120%h. 116% Jan. 120% May
80% Feb.
83% Mar.
2d.6 3 .................................. 1899 M A N 104%b. 104% May 107% Apr,
Apr.
Apr.
49% Feb.
Mex. Internat’l—1st, 4, g.1942 M A S
69 Mar. 73 Jan.
Jan. 120% May
Mloh. Cent.—1st,cons., 7 s.1902 M A N 116 b. 116 May 119 Apr.
Feb.
Oonsol., 5s........................ 1902 M A N 104%b. 107 Feb. 108 Mar.
78% Apr.
68 Feb.
Minn. &8t.L.—1st oon.5 s,g .l 934 M A N 101% 100 Jan. 103% Apr.
79% Apr.
70 May 81 Feb.
95% Jan.
Mo. K. & E.—1st 5s, g., gu.,1942 A A O 89 a. 88% May
105% Jan. 112% Apr.
85 Mar.
M. K. & Texas.—1st, 4s, g .1990 J A D 84%
82 Jan.
58%
63 Jan.
91% Mar. 101 Jan.
2d, is, g ....... ...................... 1990 F A A
5434 May
70 a. 68 May 87% Jan.
95% Mar. 99 Feb.
Mo. Pao.—1st, oon., 6 g.......1920 M A N
108 Jan. 111% May
3d, 7s.................................. 1906 M A N
98 Mar. 105 Jan.
104% Mar. 108 Feb.
Pao. of Mo.—1st, ex., 4g.l938 F A A 101 %b. 100 Apr. 101% Feb.
112% Feb. 113% Mar.
2d ext. 5s....................... 1938 J A J 101 b. 100 Apr. 103% Jan.
89 May 92% Mar.
St.L.&Ir.Mt.Ark. B .,5s.l935 J A D 104%b. 103 Apr. 104 Mar.
106% Apr. 108% Mar.
Cairo Ark. & Texas, 7g.l897 J A D 103 b. 98 Jan. 102% Mar.
77% Feb.
115 Mar. 115% Mar.
67% May
Gen. R’y Aland gr.,5g.l931 A A O 70
106 May 118 Feb. MobUe A Ohio—New 6 g ...1 9 2 7 J A D 119 b. 117 Jan. 121 May
90 Apr. 104% Feb.
68% Feb.
General mortgage, is. 1938 M A 8 6 6 %b. 65% Apr.
75% May 90 Feb.
Nash. Oh. A St.L.—1st, 7s.. 1913 J A J 130%b. 127% Jan. 131 May
114 Mar. 116% Feb.
Consol., 5g.........................1928 A A O 99 %a. 99 May 102% Mar.
100 Jan. 103% May N. Y. Central—Debtext.4s.1905 M A N 103%b. 101% Jan. 104% Mar.
99% Jan. 101% Apr.
1st, ooupon, 7s................. 1903 J A J 1 2 0 %b. 117% Jan. 12134 Apr.
119 Jan. 121% Mar.
Deben., 5s, ooup., 1884..1904 M A 8 10934b. 106 Mar. 11038 May
118% Jan. 121 Mar.
N. Y. A Harlem, 7s, reg.,1900 M A N 110 b. 110 May 114 Mar,
107% Jan. 112 Apr.
R.W. A Ogd., consols, 5S.1922 A A O 120 a. 117% Jan. 121 Feb.
72 Mar. 76% Feb.
West Shore, guar., 4s. ...2 3 6 1 J A J 108% 105 Jan. 109% Apr.
97 Jan. 104% Mar. N. Y . Ohio. A St. L.—4 g.,.1 9 3 7 A A O 104%b. 103% Apr. 106% Mar.
86 Jan.
92 Mar. N. Y. Laok. A W .—1 st, 6 s .. 1921 J A J 138 b. 136 Mar. 138% May
115 Jan. 119% May
Construction, 5 a .............1923 F A A 116%b. 116% Mar. 118 Jan.
93 Feb. 101 Apr. N.Y. N. H. A H.—Con. deb. otfs. A A O 138 a. 132% Feb. 140 Mar.
99% Mar. 102% May
96 Feb.
N.Y. Ont. & W.—Ref. 4s, g.1992 M A S 93%
88% Jan.
May
93 Feb. 96% Jan.
Consol., 1st, 5s, g .............1939 J A D 111 a. 108% Feb. I l l
101
%a.
J
A
J
103%
Jan.
87% Jan.
93 Apr.
100 Jan.
N.Y.Sus.A W .lstref.,5s, g.1937
68 a. 69 Apr.
74% Jan.
118 Mar. 121 Feb.
Gen. 5 e ............................ 1940 F & A
114 Apr. 115 Apr.
Midland of N. J., 6s, g,..1910 A A O 117 b. 116% Apr. 119% Jan.
74% Mar.
124 Apr. 126 May
67% Apr.
Nor. A W. Ry.—1st, oons.,4g.’96 A A O 69%
101%
Mar.
98% Feb.
No. Paoiflo—1st, ooup. 6g.l921 J A J 117 b. 113 Jan. 117% May
88% 85% Jan. 88% Mar.
108% May 112 Jan.
Prior lien, ry. A l.g. 4 , g.1997 Q -J
54%
56% Feb.
93 Jan.
99 May
General lien 3 g...............2047 Q - F
51% Apr.
128 Jan. 134% Mar. No. Paoiflo Ter. Co—6g___ 1938 J A J 103
9734 May 110 Mar.
104%
104%
May
J
A
J
115% Jan. 119 Apr.
104 Mar.
Ohio A Miss.—Con.Af., 78-1898
87 a. 83% Feb.
90 Jan.
115% Jan. 119% May
Ohio Southern—1st, 6 g ...l 9 2 1 J A D
M
A
N
8
%b.
(15
Jan.
112 Jan. 116% Mav
General mortgage, 4 g.,1921
t 8% Apr.
106% Jan. 111% Apr.
Oregonlmpr. Co.—I s t6 g ..l9 1 0 J A D t 87% i 85% Mar. 90% Jan.
A O t l 8 %a. 15 Feb. 119% Mar.
110% Jan. 114% May
Consol.,5 g ....................... 1939
A J 112 34 b. 110 J an. 114 Apr.
110% Jan. 114% May Ore.R.ANav. Co.—1st, 6g.l9 09
85% May
A D 85%b. 80 Jan.
96 Jan. 102% Mar.
RR. & Nav. consoL, 4 g.1946
A J 113%b. 109% Jan. 113% May
118 Jan. 118% Feb.
Penn. Co.—4%g,ouup....... 1921
104
Feb.
92
A
J
140 J an. 144 Jan.
Peo. Deo. A Evansv.—6 g.1920
93 May
93 a. 92% May 106 Feb.
140 Jan. 145% Apr.
Evans. Division, 6 g ....... 1920 M A 8
27%
Jan.
M
A
N
112 a. 110 May
116 Jan. 121% Mav
2d mortage, 5 g................ 1926
114 Jan. 119 Mar. Pitts. Sh. A L. E., 1st, 5 g.1940 A A O 1 0 2 %b. 95 Jan. 103 May
74%
Jan.
108% Apr. 112 Mar. Pittsburg A Western—4 g .1917 J A J 68 a, 68 May
81% May
110% Jan. 115 Apr.
Reading Co.—Gen., g. 4s .1997 J A J 81%
80% Apr.
74%
Feb.
106 Jan. 110 Aj)r.
70% Mar,
RioGr. Western—1 st4 g ..1939 J A J 73%
101 J an. 104 May
St. Jo. A Gr. Island—6 g .,19 2 5 M A N t 55 a. 147% Jan. t54% May
115%
Feb.
131 May 134 Apr. St. L. A San Fr.—6 g. Cl. B . 1906 M A N 113%b. 112 Jan.
112 Mar. 115 Jan.
General mortgage, 6 g ..l9 3 1 J A J 113%b. 108% Jan. 113% May
99 May
128% Jan. 132 Apr.
General, A g................
1931 J A J 99
94% Jan.
67% May
101% Jan. 105% May
Railroad, 4 g .................... 1996 J A J 66%
62% Jan.
70 Jan.
66 a. 5934 Apr.
93 Jan.
99% Feb.
St. L. A So. W .—1st, 4s, g.1989 M A N
28 Jan.
126 Jan. 133% May
2d, 4s, g.. Income.............1989 J A J 19 b. 15 Apr.
116 Mar. 117% Jan.
Bt.P.M.AM.—Dak. E x.,6 g. 1910 MAN 120 b. 116% Jan. 122 Apr.
98 May 102 Jan.
lstoonsoL,6 g................. 1933 J A J 127%b. 123 Jan. 127 May
131% Jan. 133% Apr.
“
reduced to 4% g .. J A J 106%b, 102% Jan. 107 Mar.
94% May
123% Jan. 127% May
Montana extension, 4 g.1937 J A D 94 b. 87% Jan.
59% Mar.
92% Jan.
54% Jan.
96% Apr. San. Ant. A A. P.—lat,4g.,gu.’43 J A J 57%
93 Apr.
91
70 Mar. 75 Jan.
87% Feb.
So. Oar. A Ga.—1st, 5 g .,.1 9 1 9 M A N
96% May
I 6 May 117 Jan.
So. Paoiflo, Ariz.—6 g ... 1909-10 J A J 93 b. 90 Feb.
115% Mar. 118 Feb.
So. Paoiflo, Oal.—6 g ... 1905-12 A A O
106 May 108 Jan.
89 May
63 Feb. 88% Jan.
1st oonsol., gold, 5 g....... 1937 A A O 88 a. 85 Feb.
49% Feb.
102 Jan. 106 May
So. Paoiflo, N. M.—6 g ....... 1911 J A J 106
87 Jan.
90%
87% Mar. 91 Jan.
109% May 113% Apr. Southern—let oons. g, 5 s.1994 J A
89% Jan.
87% May
89 Jan.
86 May
E. Tenn.reorg. Uen4-5s.l938 M A
May
110 b. 107% Jan. 110
98% Apr. 101% Jan.
E.T. V. A G —1st,7 z __ .1900 J A
107%b. 107 Jan. 109% Apr.
99% Jan. 102 Feb.
Oon. 5 g....... ..................1956 M A
116 b. 107% Jan. 116 May
104% Jan. 113 May
Georgia Pao. Ist5-6s, g.,1922 J A
115
112 Jan. 115 Feb.
8 8 % May
Knoxv. A Ohio Ist6 s,g ..l9 2 5 J A
95% Feb.
May
1 2 2 %b. 117% Jan. 123
62 May
Rloh. ADanv. oon. 6s,g..l915 J A
66% Feb.
114 b. 111% Jan. 114% May
139% Mar. 143% Feb.
West-N o.Carlst oon. 6s,g 1914 J A
67%
65 Mar. 79% Jan.
133% Jan. 136 Mar. Standard RopeAT..lst,6g.l940 F A A
88% Mar.
53 Jan.
59% Mar. Tenn. O. I. A Ry—Ten. D .lst. 6g A A O 79 b. 80 Apr.
89 Mar.
88
May 91% Feb.
Birmingham Dlv., 6 g ...l9 1 7 J A J * 79%b. 79 Apr.
90 Feb.
90% Jan.
85% Jan.
Texas A Paoiflo—1st, 5 g ..2 0 0 0 J A D 89%
98 May
23 Jan.
21%
18 Apr.
2d, Income, 5 g ------------- 2000 Maroh
65% Apr. 70 Mar.
99% Jan. 103 Jan.
Toledo A OhloOent— 5 g. .1935 J A J 103 b. 102 Mar. 108 Feb.
100% Feb. 105% May
ToL St.L. A K an.0.—6 g . ..1916 J A D 172 b. (66% May t75 Feb.
117 May 120 Apr.
Union Paoiflo—6 g ....... ....1 8 9 8 J A J 103 b. L01% Mar. 105 Feb.
95 Feb.
73 Jan.
Ext. sinking fund, 8....... 1899 M A S t 88 b. 85 Jan.
80 Feb.
Collateral trust, 4% .......1918 M A N *t50 a. 149% Jan. 150 Jan.
88 Apr.
97% Jan.
44 Feb. 50% Mar.
A A 102 a. 101 May 101% May
Oollat. tr. 6s, g. notes...1902
93% Jan. 97% Apr.
Kan. Pao.-Den.Dlv.,6 g.1899 M A N 117%b. 113% Jan. 117% May
J an.
113% Jan. 117 Apr.
IstoonsoL, 6 g . . . . . . . . . 1919 M A N t 68 b. t67 Jan. (78
110% Jan. 113% Mar.
Oregon Short Line—6 g.1922 F A A 117%b. (111% Jan. 119 Mar.
Or.8.L.AUt’hN.—0on.,5gl919 A A O t 74%b. f63 % Jan. (77% Mar.
119 Jan. 124% Mar.
33 Apr. 37 Feb.
106 Apr. 111% Mar.
U.P.Den. A Gulf,oon.,5 g. 1939 J A D 34%
115% Mar. 118 Feb.
U. S. Leather—S. F.deb.6g. 1913 M A N 111% 110 May 114 Feb.
113 Jan. 119 May Virginia Mid.—Gen.M., 5s. 1936 M A N *100 a. 100 Jan. 103% Mar.
76% Jan.
88% Mar. Wabash—1st, 5 g . . „ ......... 1939 M A N 101% 101% May 107% Jan.
63% Apr. < 73% Jan.
04%
102% Apr. 106% Mar.
2d mortgage, 6 g------------1939, F A A
116 Jan. 121% May
Deben., Series 5 ............ 1939 J A J 21 a. 18% Apr. | 25 Jan.
98% Jan. 103% Mar. WeetN. Y. A Pa.—1st, 5 g .l9 3 7 J A J 108 b. 104% Jan. 108 May
Feb.
115% Jan. 118% May
Gen, 2-3-48, g o ld ........1 9 4 3 A A O * 45%b. 43 May | 50
106% Jan. 1108% Apr.
78% Jan.
West.Un.TeL—Col. tr. 5 s ..1938 J A J 108
81 Feb.
it 28 May 140 Mar.
Wlso. Cent. Co 1st 5 V ....1 93 7 J A J t 30
I l l Jan. 114 May
Ko t a —“ b” iLdloates price b id ; " a ” price a s k e d ; the range la made up from aotual sales only. * Latest price this week, t Trust receipts.
106
70
74%
78%
41%
116%
70
N E W Y O R K S T O C K E X C H A N G E P R IC E S — (C o n t in u e d ).— IN A C TIV E B O N D S — M A Y
SECURITIES.
Bid.
Ask.
SECURITIES.
Balt. A Ohio - 1st, 6s, Park B.1919
Railroad Bonds.
Bid.
in
85
95
is
(S lo ck E xch a n g e P rice s .)
W Va. & P itts.-?st, g., 5 s..1990
Alabama Mid.—1st, jjL. guar.. 1928
B. & 0 .8 . W., 1st, g .,I % 8 ... 1990
Atoh. Topeka A 8an Fran.—
Monon. River, lst,g ., g .5 s,.1 9 l9
Okloatfo AHt.Lou.—1st. 08.1915
Cent’l Ohio Reor.—let, 4 % b. 1930
Afclan. & Danv.—1st, g., 5 s ... 1950 .........
Ak.&Ch.Juno.—1st,g,5B,gu. 1930
Atl. A Pao.—2d W. D .t gn. 08.1907
i02*’ (Brooklyn Elevated—2d, 5 s ... 1915
Western Division income.. 1910 .........
Seaside A B.B.—1st. a. 5s. *m. 1342
%
Ask.
98% 100
48*’
’i s
2S.
SECURITIES.
Brunswick <feW ’n—1st, g., 48.1938
Buff.R.A Pitta.—R.& P.1st,6a.1921
Rooh. & Pitts.—Oons.lst,68.1922
Clear.& Mah.—lst,gu.,g ,58.1943
Buff. & SusQueh.—1st, 5s, g ..l9 1 3
Burl. Oed.Rap. &No.—1st, 58.1906
Consol. & coUat. trust, 5 s..1934
Minn. & St. L —1 st,7 s,g u ..l9 2 7
Ced. Rap. I. F. & N „ let, 68.1920
"
1st. 5s____ ____ _____ ___1921
Bid.
126
Ask.
121% 122
■104
107%
103
104
102
THE CHRONICLE.
loats
[ V ol . LXIV
! W K J B I STOCK EXCHANGE V M C * n .-IX A O T IV J S B O S D S -fC o n tin m d J -M A Y * 8 .
Bid.
8EOUBIT1EB.
Aak,
Bid.
Ask, !
BEOURTTIEb.
Ctm.j—
Bid.
Ask
Erie—f
j N, Y, Snail. A West.—2d, 4%s,1937
72
Bud. A 8. W.-Mortg. 6 e .„ , 1904 *102
terminal t g t ,v .5 a ............ ’ 943 101
6*.IS
........ ........
/ettnreors—lat, gu. t 5 s ---- 1909 106% i-07"
Wllk. A Easi.—lst,gtd.,g.5s. 1942
89
1
Oiial A T1R —Cs................... 1922
us
Northern Paoifto—
—
Dock A Impt-.lstOs, ouriov 1913 *118%
us
St.Panl AN . P.—Gen., 6 s..1923 12 7 % ........
.
.
.
.
.
.
Ev&ns.
«&
T.H,—
eons.,
Cs.1921
*110
111
.....
u
s
Norfolk
A South'n—1st, 5 s, k. 194) 103 106
...1
t«t. general, e.. 5 s ............... 1942
ue
Norfolk A West.—General, 6e, 1931 121
. & S o t.
Mt.
Yemen
1st
6*..................
1028
:
New
River
1st Ss........ ....... 1931 11s 120
>46!
d©Div,,
Sol. Co. Br. 1st, g „ 5s..........1930
Imp. A Ext.. 6s..................... 193J
rb.,6a.l9«F!
86
Evans.
A
Indian.—1st,
cons..1921
Col, Conn.ATer..1 st,gu.g,58.1922
Ob
Flint A P. M aro.-M ort., 6 c...1920
Ohio A Mias,—CodsoI. 7s....... 1898 1011%
A B r D ..1898! 101\ ...
Ex'f*,
1st, con. sold, 5a------------ ..193* ‘ 78%
2d consol. 7a........................ 1911
. . . . . 1898; 101% 73% 76
Pt. Huron D lv.-let.5 B ....193*
SpringJDiv.—Ist7e...............1905
___ 1900! 101% ...
102
|*tl :Joaquin Br.,
.............. 1939
Ha. Ccd A Pen.—1st 5a.. ..1918
General 5s.............................1932
MerL fOM
1st con. g.. 5 e ............... .....1 9 4 3
i'0' 2 %
Ohio Biver BR.—let, 5s..........1830
........ 19C0
5#,
UU}>
1st,!. c „ i xt. g ..o s ............... 1930
5*.-.1919!
Gen, g.,5s.......... ................... 1937 •S3
O* HI?., e:
Ft, St. u ». D e p .-ls t, g„ 4%b .1941 106%
Omaha A 8t. Louis,—1st, 4s.. 1937 50% 54
l Fmelfle—B«
-Booau, 6 ».. . . 1899 102%
PI,
Worth A K. a .—i at s., 6a..1928 3<1
Oregon A Califor,—1 st, 5 s,g.l927
* o Railway fC*M—ltt.Ss-1907
Gal. Her. A 8an A n t.-ls t, 6s.1910 105% 107
.•Hi-rear 5s.
1938 *88 "
Peim-P.C.C,A8t.L.0n.g.4%sA194f 110%
110
2d m ort. 7a ........................1905
Do
do
Peries B 1942 *109%
fVnt, IVss h1nJfSCO—*ST. «*.. ee.' *■ 8
©it. A Ala., let, pref., g. 6 s ...1945 10«% 102
Do
do
Series0 1107
942
Ch»'- A S a v .-ls t,
7s........ 1936
Do
do Series D, 4s,
8, 1945 100%
Cue*. A 0.—Par, S', fund, 6 s.1898; 104% 105% Ga. Car. A >or.—1st, gi>. 5s,g,1929
Honsatonlc—Cons, gold 5a— 19S7 'i'20%
F.C,A8.L,-lst,o.,78............... 180C ‘ 110
rid s' Valley—let, g., 5«— 1940;
N. HavenADerby, delta.fa..1918
Pitts. Ft. W. A C.—let, 7s,..1912
Warm Rpr, Vsl., 1at, 4. 5a.. 1941
...1912 *137
2d, 7 a ................................. 1912 *136
E!!i, L A
Sandy—U. 5s. 1902! 39% 100 Hone. A Tex, C —WaCoAN.7e.1903 i'2 5 '
3d, 7a..........................
la tg .,5 8 (tat. gtd;................1937 111
*130
Che®,«.». a So. West.—1st 6s. g .ll'l 1
Cons. g. 6a (int, g td ).... — 1912 101 103
Oh.8t.L.AP.—1st, eon. 5i ...1932 115
*d, 6*......................
19J1
Debent. 6a, prin, & int. gtd,1897
Olev. A P.—Cons., s. fd, rB.1900 110%
Oh. Y,-G«n.con.lst,RU.g,5s.l938
Debent. 4g, prin, & tat. gtd.1897
Gen. 4%s, g., “ A ...
..1942 .....
O llw til A Alloa—8. F.. 6 s ... .1903 112%
112
nttaols Central—let, g., 4a...1951
Do
do
Series B 1942
L'-r.!s A Mo. River—1st, 78,1900 • n o
let. gold, 3%a....................... 1951
Bt. L .V .A T .H .—la t , 6s .,7 s .1*9
Sd, 7*.................................. 1900 ■106
Gold 4 s ................................. 1952 *102%
2d, guar., 7s........................1898 100
Si L. Jack*. A Chic,—2d, 7s, 1893
107
2-lOJg,, 4a............................. 1904
Gd. R. ALExt.—1st, 4 %s,ii.g. 1941
KK* R, R-1;. ... !f;.e.!„Ss.Wi:
Cairo Bridge—4a.................. I960
Alleg.Yal,—Gen., gu., 4s, g.1942
Ohio Bari. A Nor.—1st, 5s---- 1926 104
Spring!. Div.—Coup., 6e___18*8 103!%
N.ACin.Bdg„gen.gu.4% s,g.l 945
Chic. Burling. A Q .-5 s. s. t.,1901 ioai«
Middle Div.—Beg., 5e......... 1921
Penn.KR.—1st real, est g. 4s,1923
Iowa Dlv.—Sink, {and, 58. .1919 108
___
100
O.
Bt. L, AN. O .-T en I., 7 b. 18*7 i o f
Cie.A MaFta—1st, gu.g.4%s. 1935
M n L L xfan d.ie.. . . . . . . 1919
lat, consol,, 7a....................18*7 101 102
D.hiv.RB.ABdg—lst,gu.g.4s.’36
Plain, 48................................ 1921 •89%
Gold, 5a. coupon............... 1951 124%
Chicago A Iowa Dlv.—5S...1905 *
Peoria A Pek. Dmon—let, 66.1921 115
100
Merup, Div,, ls tg . 4 b.......1951 *101%
2d mortg., 4%s......................1921 77
Case. A Indiana Coai—1st 5s.1936
80
Belly. A So. 111., gu„ g „ 4%s.l897
OM. Mil. A 8!. P.—lst,8s,P.D.1898 *10514 100
Pitts. Oleve. A T o l.-la t, 6s...1922
Pitts. A
Br.—2d g, 5s, “ A” . 1928
2d, 7 3-10s. P. I I ................1898 *130 __ _r Oed. Falls AMJutm,—1st.7s,.1907
lnd. D. A Spr.—1st 7a, 1806, trust
Pitts, Mo.
A Y.—1st 6s...... 1932
l*t. 7*. ? p., R. I>.................. 1902 *131 —
recta., ex bonds..........................
25
l i t , ! . A M.,7(>..................... 1897
Pitts. Painsv. A F.—1st, 5 s ...1916
131
103
Ind. Deo. A W,—1st, g., o s ,... 1935
tft, 1 . A i).,7 s ................1899
Pitts. Shen.&L.E,—
lnd. Ills. A Iowa.—1st, g, 4s.. 1939
1st ,C. A M ..7s..................1803 131 135
1st consol. 5e......................... 1943
1st, ext., g, 5 s .......................1943
tit. I. A D. Extension, 7e ..10O8 136
Pitts. A West.—M. 5s,g.l891-1941
32
32
30
Int. A G. N’n.—3d, 4s, g ...... 1921
1st, La<\ A D a v „5 e ............ 1919 *312
Pitts.Y’gst’n&A.—1st, 5e,oon.l927
40
lit, H .A D .,7s................. 1910 330ig ...... K tags Co.-F.El.,lat,5,g„gu. A. 1929 3 8
Rio Grande 80.—1st, g,, 3-48.1940
Lake Erie A West,.—2d g., 5 s.1941 101 101% St. L. A. A T. H.—Term. 5 s ..1914 105
lit. H A IX, 5s..................1910 •108%
101% Bellev. A Car.—1st, 6s.........1923
North'n Ohio—1st, gu. g. 58.1945
GMeasto A Pacific Div., 6 s.,1910 121 122
109% L, 8. A M.Son.—B.AB.—N ew 7s.’ 98 1 0 4 104%
«lEeraI Point Dlv. 5«...........1910
Chi.Bt.L.APad.—lst,gd.g.5sl917
Det. M. A T.—1st, 7s............ 1906
a A L 8 n p . Dlv., 5»............ 1921 U10
Bt. Louis 80.—1st, gd! g. 48.1931 *90
F»r#o A Sooth., 6s, A sm ...1924 107
Lake Shore—Div. bonds, 7a.1899 107% 107%
do
2d income,58.1931
lac, conv. »tnk. fond, 5»___ 1916 106 110
Kal. All, A G. K.—1st gu. 5s.l938 114
Car. A Bhawt.—1st g. 4s___1932
Dakota A Gt. Booth., 6 s....1916 111% 112%
Mahon’g Coal B K .-ls t, 5a.1934 117
Bt. L. A 8. F.—2d 6s, g., ol. A .1906 113%
Mil. A Nor. main line—6 b. . . 1910 120 121
Lehigh V .,N .Y .-lst gtbg.4%s,1940 9 5
2d, 6s, g., class C ................ 1906 113% 114
96
0 jlo.ANorv . - 30-veardeb.5s ’ 921 *111
Lehigh V'y Coal—Xst5s,gu.g.l933
1st, trust, gold 5s............... 1987
89%.
Sscanab* A L. 8. lit, 6s....1901 *111
Lehigh A N.Y.—1st, gu, g, 48.1945
93"
Ft. 8. A V. B .B g.—1 st, 6 s ...1910 100
Om M
;; -1 s t, 7*....1907
EliuiraC.AN.,let.g.lstpf.68,1914
8t.L.Kan.A8.1Y.—1st, g.,6e,1916
l ' » » Midland—1st. Ss........ 1900
Guar., gold, 6s.................. 1914
St, Paul City By, oon. 5s, g.,.1937
Ode. A Milwaukee—let, 7s. 1898 105
LItohJ. Ocr.A WeBt.—1st 6s. g.1916
Gold 5a, gu a r.................... ..1937
13'i Little Kook A 51.—1st, 5s, g.„1937
*ta. A BE, P.—2d, 7s............ 1907
St. Paul A Duluth—1st,5 s ....1931 109
ME. A Mat!.—1st. 6s............ 1905
Long Island—1st, 7 s ..............1898 103
2d mortgage 5s..................... 1917 102%,
O il O, F. A 8t. P.—1st, 5s 1909 108
Ferry, 1st, g., 4%s............... 1922 83
Bt. Paul Minn A M.—2d M, 6s.1909 120 121
84
■orlbcrr' ril.—1st. 5« .. . . . 1910 108
Gold 4s............................... ..1932
Minneap. Union—1st 6s ... .1922
Mil. L. B.AIV,—Poo.deb.,5s. 1907 *103
N. Y. A R ’wayB.—lst,g,5 a .l9 2 7 *99'
Mont, Cen.—1st, guar., 6 s ..1937 119
Mich. Div., 1st, 6s............. 1924 130 130%
2d mortg..ino.................... 1927 35
1st guar. g. 5s.................... 1937 106%
42%
Ashland D fvjslon-lst, 6e 1925 •128 ......
N.Y.B.AMIB,—Istoon. 5s,g,1935 105 106%
East. Minn., 1st div. 1st 58.1908 107% 108
Cfc, JLI. A P -D . M. AK. D. 1«t, *s. 1905
Brookl’n AMontauk—lat, 6s. 1911
W'’ u srASiouxF.—1st, g,58.1938 107 108%,
1st, 2 % »............................ 1905 *62%
1st, 5 s ................................ 1911
San Fran. A N. P.—1st, g., 5s.l919
ExtensloB, As................... 1905
No. Shore Br.—1st oon.5e,g,1932
8
av.Fl. AWest, - let, con, g.6s,1934
104
Keokuk A De* M.—let, 5 s..1923
Louls.Evans.A8t. L.—Con.5s.1939
S aboard A Boanoke—1 st, 5 s.1926
129% Louis. ANash.—Cecil.Br. 7S..1907 105
Okie. St_P. A Minn.—ls t,6 s .. 1918
Seat.L.S.&Eaat,,l8t68,a8st.pdl 93t
Bt. Pan) A 8. C.—1st, 6s.......1919 130 13C°8 E. H. ANash.—1st 6s, g___1919
outhern—Ala. Cent., 1 st os.1918
116
Ohio, * W. ln<L—1st, s.
6s.1919 105
Penaacoia Division, 6s........ 1920! 105
AD. A Char.—Income, 6s.. .1900
< Me. A West. Mich.—5».........1931
8t. Louis Division, lat, 6s...1921
Colum. A Green.—1st, 5-6b.1916
O - Hate. A D.—Oon. *. t„ 7s, 1905 117
2d, 3a.................................. 1980
Tenn. V. A Ga.—Divis.Ss 1930 115%
*4, (told, i% »........................1937
Nashv. A Decatur—1st, 7 s..1900 109%
RiOh.A Dan.—Eq. s. I. g. 5 s.1909
On- n
I t' d—l*t.gu. 5*,g.l941 108
f.,6a.-8. A N. Ala.............1910
Deben. 5s, stam ped........ 1927 *97% 101
A Boh. (B a lt.)-lst, g., 5a.1922
50-year 5s, g „ ....................... 1937
100
Vir’a Mid.—Serial ser.A, 6b. 1906
lev.
«. A Col —Eq. s d 6s.l930
P6UB. A A t .-le t , 6s, g o ld ...1921 95
Series B, 6s......................... 1911
(Tf V.AC.ID. Tr.eifs.Iorlst5s.19l7 88
CoUat. trust, 5s, g ............... 1931
Series C, 6s . . . .................... 1916
a c
A Bt. I..—Gen., 4s..1993
LAN. A M.AM.—Ist,g.,4%sl945 104%
Series D, 4 -5 s.................... 1921
Cairo division, 4».................1939
88
Naah.Flor.A8.—1st, gu., 5 s .1937
Series B, o s ...................... 1926
•ijrfojt.ACoi.D1v.—1st,g. As. 1HA0
Bo,A No. Ala., oon. gu. g., Ss.1936
Series F, 5 s ....................... 1931
WstieW. Vai.Div.—1st,K, 4s. 1940
Kentucky Central—is, g ... 1987 88
Gen., 5a, guar., stamped .1936
89
ib o ~
C r,.v, ab.A M.Div.—l»t,K.4*.1991
89
L.&N.—Lon.O.&L.—g.4%8.1931 106%
Wash. O. AW,—1st our.gu.4s. 1924 'S0?8
Cte. I.
L, A C —l»l.K.,A!..193e 100% 102% Lou,AJea.BdgeOo.—Gu.g,4a,1945
Sunbury A L ew is.-lst,g .,4 s.l9 3 6
Ornsoi . 6s...........................,1920
Lon.N.Alb.ACh.—Gen,m,g.5s.l940 ” 44'
Ter. Asm or 8t. L.—1st, 4%s.l93y 108 109%
©is.,3bo, ACL —©on. lpt.g.fm, 1928 i'o T
Memphis A Oharl.-6s, gold..1924
1st, oon,
5s..............1894-1944 106%
Indiana B. A W .-la i of.7s.1900 107%
Mexican Cent. Consol.—4s, g,1911
St.L.Mer.Br.Term,,g.5s,gu„1930 ♦103H ......
1red.A'W.r.As.. 1938
1st, cons, income 3b, g........ 1939
Texas ANew Orleans—lst.7s. 1905
, m .East.—
-Income 4# ..1990
15
Mexican National—1st,g.,6s. 1927
Saoine Division, 1st, 6s.......1912
......
0, r « l. (3a. led -1st, 7s,s.f,189S> 106%
2 d ,income, Os, “ A " ..............1917
Consol. 5s, g .................
1043 *95"
o l elate* fa 1, 7s..........1914
2d, income, 6s, “ B ” ............ 1917
Tex.
A
Pac.,
E.
D.—1st,
g,
6s.l905
let,L©.C.O.Af,?e.l901
Michigan Central—6a............. 1 909
_
Third Avenue (N.Y).—1st 5s, 1937 122ifl
C l» m i m i B -1W b.-tal. 5a.1933 97
99
Coupon, 5s............................. 1931 119
T. AO.C.-—Kan,A H „ Mort. 4S.1990 -. __n 75
4
...193 s)
Mortgage 4s.......................... 1940 104 108
Tol. Poo. A West.—1st, g., 48.1917 •60 ___
...19361*....... “a 'i" ! K“ t-C.AStrgie.~lgt,3s,g.gii.l989
Ulster A D el.—1st,eon.,6.,5s. 1928 102 102^
...1907 127
!Minn.A Bt. L.—1st, g. 7 a ......1927 142
Union Pacific—1st, 6s ............1896 103 103%
76.1906! 125
, iowa Kxtenaion, 1st, 7s...... 1909
1st, 6e..................................... 1897 103 103%,
...1914 142%! 144
Southwest Ext.—1st, 7s...... 1910 125
1st, 6s . . . —............................ 1899 103\j L04
...1000 111 ....... 1 Pacilio Ext.—lat, 6 s............1921 121%
Collateral Trust, 6s..............1908 100^ .... .
*U7i'Z.
...1901! 1131*114
Mo.K.A’Tox.—1st, ext., 5s, g.1944
Collateral Trust, 5s............. 1907 ■72
...th ir d '1.45 !........
Mo.K.AT.uf Tex.l«t,gu.5a.g. 1942 75
Kansas Pacific—1st 6a, g . . . 1895 110% I l l
80
. 1900 lo o !__ _ ! 5 * “ »»01ty A I'., 1st,,4 s,g,.1990 66
1 st, 6a ,g ......... ...................lsg g 114% 115
7s.1917 143%!,....,
O.
Br. U P ~F. 0., 7s........1895
75%
„ P ai* i ^ ac,0—185? 6s>KU....1940
AlhffchyA B s
12.;% 124 1
iMlasourt fa. lilt— Trust 5s.. .1917
Atch. Col. A Pac.—1st, 6s...1905
. 1906 *113 1118% is. coil,, 5ft, g .. . . . . . . . .
1020 42
U,
P.
Lin, A Col.—1st,g., 5s. 1918
sr
19%
'4
X
1.1021 145
Mobile A Ohio- is' ext,, 6a "!l9 27 110
Utah A North.—1st, 7 8.........1908 116
*;
Mt. i„ A Cairo—4«, guar...... 1931 *80
Gold, 5s...............................1926 100
Lion IIII.'
jMorgan aXja, A T .—lat, __ 1920 114%
Utah Southern—Gen., 7a ..1909 74
g * tf.
.1928!*...... 85
f«f. 7».....................................1918 124
Extern, lat, 7s.................. 1909 74
„i9ii *18 20 »»?>>•
A
at.
L
._2d,
6a..1901
Wabash—Debenture,
8er. A .. 1939
.1905 .....
Debenture, Series B ............1939
?.* S ' S '
!•. K-, 6s..1915
21
4#,
.lo r,r,j ........
Dot.
AOhio.
Ext.
let,
5s, g ,lg40 92
105%
105%
‘
g.
4
s
....1905
96
tile —.1
,1947 111 1113
103
5
.
J,
June—Guar.
1st,
4
s
...1986
Bt
L.K.C.AN.—8t,O.Bdge0s.l9O8
.10191*119
BeechCreok-lat, gold, 4s. .1936 108
WestN.Y.A Pa.—tncome~5a. .1943
13
t
4
.19231 114
West. Ya. C. A Pitts.—1st, 08.1911
1 m m^ T 2 V 8’ 8-.8u.1915
kM
.
.10201 119
Utlea
A
HI.
Kiv.—4s,
g,,
gu.1922
104
WheeLALE.—
1
st.
5s,
gold...1926
tsik- #3tt«»e4*sd,
91%
.19281 103
Wheeling Div., 1st, 5a, g.,.1928
95
„ \
f ■ • « P '1 9 9 3 105% 106%
.1030; ..... .
g
-Y . « . H. A H .—lat,rev,4s.
1903
Extension A lm p, g., 5s...... 1930
T. 4
.1*18! 137«i
S. Y. A. Northern—1st, g, 5 s ..1927 i?o % 123% WIs. Cent, income 5 s..............1937
4%
* *«, «
jj
qOOtali
P u r 'I l i c c l l a n o o n s B i n d s —8e 3d page preceding
0
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K.
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W-LU
THE CHROMOLE
May 29, 1897,
J m r e s ir o e ttf
Roads.
| ix M lig e t it je .
.RAILROAD EARNINGS.
The follow in g table show s th e gross earnings o f every
s t e a m railroad from w hich regular w eek ly or m o n th ly returns
can be obtained. The first tw o colu m ns o f figures give the
gross earnings for th e latest w eek or m o n th , and th e last tw o
colu m n s the earnings for th e period from January 1 to and
includin g such latest w eek or m o n th .
The returns o f the street railways are brought together sep
arately on a subsequent page.
L a test Gross E a rn in g s .
P.oads.
W e ek o rM o
1897.
$
'
2 0 ,2 7 5 >
2 7 ,5 1 1
5 1 ,6 8 5
L a test G ross E a rn in g s.
W eek o r Mo
AN D
R a ilr o a d
1037
1896.
J a n . 1 to L a test D ate.
1897.
1896.
%
55,3131
1 8 ,1 9 7 1
4 6 ,4 6 0
Adirondack....... jMarch........|
2 4 ,0 6 3
580,231
Ala. Gt. South.. )3d wk Mayj
5 3 3 ,0 1 8
Ala. Midland . .. jMarch....... j
1 6 6 ,0 4 4
185,771
4 7 ,0 1 3
Ala. N. O.Tex. &'• Pae. June
97,942
436,697
84,145
N Orl. <fc N. E. April.........j
432,988
40,643
197,635
37,075
180,800
Ala. & Vicksb. April.
33,817
182.101
34,385
168.565
Vicks. 8b. A P April.
725.680
Allegheny V al.. April........
193,917 193,124
754,985
20,719
480 940
Ann Arbor........ 3d wk May
20,684
427,641
23,082
23.532
7,147'
Ark. Midland... March.......
7,7911
Atch. T. & 8. Fe. April........ 2,510,499 2,203,270 9,484,008 9,171,548
439,023
Atlanta & Char March....... 151,415 128,857
385,0/5
146,927
40.529
Atlanta & W. P March.......1
45,241
137,428
Atlan. A D a n v .. 3d wk May
11,021
207,676
9,339
215,525
951,101
Atlantic A Pac . March___
370,390 325,374
920,155
8 ,7 4 9
Augusta Bout’n. February.
15,442
8,130
13.532
18,243
5 3 ,0 3 0
19,614
Austin A N ’ west March.......
58,832
3 2 ,7 0 0
1 0 8 ,5 0 5
Balc.Ches.& Ati. April.........
112,777
35,553
Balt. & Ohio___April.......... 1,963,955 1,954,139 7 , 8 1 4 , 0 7 9 7,226,344
Bal. <fcO. Sou’ w 3d wk May 106,675 103,181 2 , 2 3 2 . 6 5 8 2,309,783
1 9 4 ,9 6 8
169,272
Bangor AArooet March.......
1,925
1,852
Bath A Ham’nds March.......
7,047
1.700
B it. A Atlantic. April........
1,651
7,213
44,392
133,112
46,320
142,342
Brunsw’kA West March......
62.515!
60.773 1,174,696 1,169,971
Buff.Roeh.APitt 3d wk May
Buffalo A Susq.. April........
171,855
51,052<
40,408
146,422
66,326
Bur.O. Rap. A N . 2d wk May
66,623 1,321,981 1,576,488
OanadianPaoittc 3d wk May 469,000 407^000 7,054,963 6,923,563
19,594
2,538
17,036
2,609
Oar. Midland..JApril.........I
71,232
Cent, of Georgia 3d wk May
71,814 1,944,173 1,997,961
Central of N. J. April......... 926,770 947,807 3,524,139! 3',712;973
Central Pacific. March....... 1,002,729 953,150 2,665,893 2,689,889
Oharlest’n&Sav. March.......
57,168
192,067
56.387,
----------177,738
161,624
Char. A W. Car. February .
81,309
84,313
160,896
Ohes. A Ohio---- 3d wk May 174,469
192,917) 4,166,445. 3,937,294
_____
Ohio. Bur. A O .a March....... 2,995.739 2,742il42
----------- 8,437,829 7,904,162
Chic. A East. 111. 3d wk May
72,032 71,408 1,529,554 1,532,996
Chic. Gt. Weat’n 3d wk May
86,257; 75.581 1.757,899 1.792,763
Ohlo.Mll.A8t.P.l3d wk May 522,124! 487,779 1(h252;974 11,283)873
Ohio.&N’thw’n. April.........2 , 208,610 2,440.680 8,884,843 9,888,970
Ohio.<fe No. Pac. March.......I
69,389|
66,022
214,473 204,332
----------Ohio.Peo,A8t.L. April.........!
64,988| 76,453)
268,480
317,838
Ohio.K-kl.&P. April......... 1,120,7141,161.051 4,449,849 4,737,147
Ohlo.St-P.M.&OJApril........ ; 518.365, 506,273! 2,136,468 2,265,557
_ . A
------------_ r wk
----26.5991 -26,050
-----------------Ohio.
W. Mich. 3d
Mav
563,179
558,932
Choc. Ok.A Gulf March.......!
79,1171
280,348
304,219
73,603
Oln.Ga. & Ports. March.......!
4.156
4,721
12,049
13.580
12,084,
Cln.Jack. A Mac. Istwk May
233,360
239,468
11,278
Oin.N.O. A T .P . April......... 299,555, 263,116; 1,115,054 1,087,193
17,652’ 21,553
17,652!
21,553
Cln. Ports. A V. January...
Clev.Can. A So.. 2dwkMay!
11,7091
14,353,
221,965!
227,502
01Cin.0h.A8t.lj3d wk May 229,099! 242,672 4,935,3181 4,827,495
Peo. A
A. East’n.
EfiHt.’n 'April.........;
Anrtl
nno 136,104
522,999
120.098
578.261
445,441
493,427
CLLor. & Wheel. 3d wk May
24,470
28,480
607,746
Col.Midland... April........... 139.390 160,725 i 528,051
Col. H. V. A Toi. April........ i 187.004
711,766
836,068
214,011;
Col.ARedMount February . 11,552
22,778
5 1 ,7 4 3
Col. Sand’y A H. April........... 64,465
240,558 i 230.270
"
‘ *Lake..
'
'*April.........
m
1,500
5.300
Colusa
A
3,500
800
Crystal...............March_____
1,045
2.024
3,338
1,144
GombTd Valiev March.......
58.861
164.720
1 8 4 .8 6 9
63,968
Denv. A Rio Gr. 3d wk May 126,500 136,400 2,373,344 2,587,853
Des M. A Kan.C Istwk May
2,877
3 9 ,3 2 1
19,344
2,141
Des.M. N. A W .. April.*.......
30,234
1 4 6 ,0 0 0
127,157!
32,055:
23.290
Det. G.Rap.A W. 3dwk May
20.090
4 1 1 ,2 8 8
455,258i
Dot.A Mackluai March. ...
53.724
127,823)
48,391
1 3 1 ,0 3 8
DuluthS.S.AAtl. 2d wk May I _27.046
.
481,715j
49.736
6 6 5 ,2 5 8
ElginJol.&East April....... . 104,173 100,020
4 1 4 ,3 4 5
378,986
Erie.................... April.......... 2.418,567 2,446,795 9,272,435’ 9 , 4 2 8 , 7 5 2
6.076
13,782)
Eureka Springs. March.
1 4 ,5 7 7
5 ,1 7 9
ETans.Alnd’pllh 3d wk May
4,705
1 1 4 ,9 2 4
96,428|
5 ,2 2 1
Evans. & Rich.. 3d wk May
1,579
3 9 .4 3 1
26,979
2 ,9 7 1
Evansv. & T. H . 3d wk May
19,170
379.260)
4 2 6 ,2 7 8
1 7 .5 1 7
Fitchburg.......... March......... 545,441 5 8 8 , 9 8 1 1,565.505 1 , 6 7 6 , 0 2 0
Flint. A P.Marti. 3d wk May
45,966
1,034,837) 1 , 0 6 3 , 3 3 5
4 7 ,2 4 9
FI a. Cent. A Pen. 2d wk May
8 3 1 ,8 8 2
4 8 .1 0 5
895,568)
4 6 ,0 0 8
19,166
Ft. W’thADen.C. 2d wk May
3 3 5 ,6 7 8
363,325!
1 6 ,3 9 8
1 1 3 ,0 1 2
Ft. W. A Rio Gr. April.........
3 7 ,1 7 0
101,681)
2 1 ,4 8 9
600!
Gads. A Att. U. A p r il......i
3 ,4 1 5
2,668)
809
2 4 ,0 0 0
5 8 3 ,0 2 4
598,820
Georgia HR....... 3d wk May!
2 0 ,6 1 8
Georgia <x A la.. 3d wk May
18,481
1 5 ,1 5 2
2 2 4 ,7 5 5
7 7 .4 0 9 1
2 5 9 ,4 0 2
Ga.C&r’la A No.|March___‘
6 0 ,9 3 1
6 1 ,5 2 1 ,
2 8 5 ,9 4 8
Geo. So. A F la .. April.........
2 7 7 ,3 4 9
6 5 .2 7 9
7 6 1 ,7 1 1
Gr. Rap. A Ind.. 3d wk May
3 3 ,5 6 9
6
9
7
,
4
2
3
3 6 ,3 3 6
1 6 6 ,7 7 9
1 4 9 ,3 7 3
Cin.R. A Ft.W. 3d wk May
6,845
7 ,6 2 6
682
1 8 ,0 8 7
1 4 ,4 9 7
Traverse City. 3d wk May
1 ,0 5 5
5 0 ,5 5 8
3 9 ,9 8 9
2 ,1 5 0
Mus. G. R. A X. 3d wk May
2 ,3 3 6
9
9
7 ,1 3 5
9
0
1
,
2
8
2
43.2461
Tot. all lines 3d wk May
4 7 ,3 5 3
Grand Trunk... 3dwk May 339,887 3 4 6 , 8 2 7 6 , 3 8 2 , 4 2 6 6 , 3 8 4 , 8 6 5
1
,
1
4
6 ,1 5 3
1
,0
1
4
,
7
9
1
5 0 .9 3 7 ;
Chic. A Gr. Tr Istwk May
6 2 .4 0 9
3 0 0 ,2 4 2
1 0 ,3 2 1 !
3 2 5 ,8 7 7 i
Det.Gr.H.AM. Istwk May
1 5 .4 0 9
4 5 ,6 5 4
3 5 ,7 3 6 !
1,998’
Cin.Sag.AMac istwk May
2 ,5 0 4
2 1 ,8 8 5
3 5 ,4 6 2
Tol.S. AMusk. Istwk May
1 ,0 6 1
1 ,7 1 9
Great North'n—
St. P.M. A M. April.......... 1,093,447 1,032,714 3 , 6 7 6 , 8 7 1 ) 3 , 8 6 7 , 5 5 8
3 6 1 ,4 3 5
4 6 6 ,1 0 1
East of Minn.. April.......... 100,479 100,332
608,818
622,347!
MontanaCent. April.......... 160,278 158,646
Tot,system. April.......... 1,354,204 1,297,092 4 , 6 6 0 , 6 5 3 4,942,477
23,008
36,5711
G’lfB ’mnt&K.C. April..........
9,620
7,336
1 3 ,3 6 0
14,331 j
Gulf A Chicago April.........
3,018;
3,303
15,831
13,912!
Hoos.Tun.A Wil. April..........
3,350
4,365
721,779
7 4 7 ,5 0 0 !
JFIous.A Tex.Cen March........ 270,333 239,503
Illinois Central» April......... 11567737 11638741 1 7 . 0 5 3 . 9 8 7 ! t7,089,4 7 9
1897.
; 1896.
J a n . 1 to L a test D a te .
1897.
1896.
$
$
$
$
Ind.Dec.AWest. 2d wk May
7,752
144,235
167,020
7,919
Ind. 111. A Iowa. March.......
77,541
61,501
205,058
218,133
In.AGt. North’n 3d wk May
49,437
47,513 1,288,412 1.133.765
llnteroc. (Mex.) Wk. May 8
51,550
926,689
44,675
772,614
Iowa Central... 3d wk May
28,749
28,993
568.137 i 729,732
Iron Railway... April.........
2,354
4,161
12,508
16,734
J ack. T. A K. W. April........
115,760
29,549
28,228
119,479
Jamest’n A L .E . January...
2,313
2,313
Kanawha&Mich 3d wk May
9,549
173,782
7,596
181,771
K.C.F. Scott AM. 2d wk May
65,573 1.612.466 1,551,385
76,856
K.C.Mem. A Bir. 2d wk May
20,322
440,291
17,637
410,445
Kan. C.N. W .... April.........
23.930
115,653
18,136
85,038
Kan.City A Om. 2d wk May
2,50*
81,914
1,028
35,684
K.
C.Pitts.
G ..May
47,271
3dA
wk
10,932
673,753
234,647
Kan.C. Sub. Belt 3d wk May
5.v52
9,477
146,770
101,300
Keokuk & West. Istwk May
6,653
121,171
7,376
145,711
L. Erie All & So. April.........
25,642
4,661
5,30C
22,964
L. Erie & West. 3d wk May
65,251 1.243.778 1,311.470
61,337
Lehigh & Hud.. April........
31,104
24,073
105,703
124,983
Lex’gton & East. March.......
17,815
44.675
17,547
49,689
Long Island — April......... 273,934 290.728
921,947
894,430
Los Ang. Term. April.........
7.414
7,156
22,443
31,269
Louis.Ev.&St.L 3d wk May
25,044
545,299
506,045
27,986
Lou. H. A St. L .. 2d wk May
9,226
7,838
160,842
155,539
Louisv.&Nashv. 3d wk May 377,365 361.195 7,553,621 7,521,178
Macon A Birin.. April........
3.439
20,304
2,547
20,294
Manistiaue....... April........
42,421
34,990
9,013
5,897
Memphis&Chas. 2d wk May
459,745
23,291
464,914
17,347
tMexican Cent.. 3dwk May 216.538 180,290 5.105,663 3,825,827
Mexican Inter’l. March....... 291.658 262,814
809,874
742,467
JMex. National. 3d wk May 112,299
86,058 2,295,397 1,861,515
Mex. Northern. March.......
167,120
78,492
57,706
227,669
tMexican R’way Wk. May 8
70,000
51.000 1,307,500 1,078,500
Mexican So....... 2d wk May
267,696
8,743
12,900
197.837
Minneap.&St.L. 3d wk May
30,265
36,432
662,168
687.775
M. St.P.AS.St.M. 3d wk May
74,622
61,133 1,194,693 1,227,075
Mo. Kan. A Tex. 3d wk May 167.659 160,099 4,052,454 4,197,393
Mo.Pac.AIronM 3d wk May 384.000 335.000 8.242.000 7,993,730
Central Br’oh. 3d wk May
377,000
10.000
18,006
257,920
Total............ 3d wk May 402.000 345.000 8.619.000 8,251,650
Mobile A Birin.. 3d wk May
5,724
5,971
Mobile A Ohio.. April........
272,073 273,462 1,245,306 1,151,222
Mont. A Mex. Gif April........
463,526
90,396
107,039
386,067
Nash.Ch. A St. L. April......... 393,229 373.030 1.642.466 1,660,910
5,000
Nel. A Ft. Sh’p’a February.
9,247
19,129
9,375
Nevada Central. March.......
5,697
7,831
2,059
2,345
N. Y. C .A H .R .. April......... 3,504.808 3,412,848 13,638,233 13,696,759
N. Y. Ont. A W .. 3d wk May
68,570 1,306,003 1,257,725
69,783
N.Y.Susq.A W .. April........
658,943
644,742
157,949 170,012
Norfolk A West. 3d wk May 214,889 208,802 3,955,627 4,389,680
Northes’nfG a.). February.
12,960
6,855
11.177
5.748
Nortlios’n (S. C.) February .
114.837
114,289
60,440
61.873
North’n Central April......... 482,095 493,819 2,062,554 1,962,763
North’n Pacific . 2d wk May 324,313 320,481 5,237,223 5,556,593
Oconee A West. April........
11,291
11.629
2,399
2.215
Ohio River......... 3d wk May
365.321
327.553
21.649
18.834
ObioRiv.AChae March.......
55,079
52,589
17,730
18.762
Ohio Southern.. April.........
251,996
213,449
58,697
59.874
Ohio Valley....... January...
27.287
27,287
Oregon Imp. Co. March.......
749,354
705,722
248,252 278,189
Oreg.RR.ANav. April......... 315,375 275,935 1,179,319 1,227,509
Oreg. Sh. Line.. March.......
434,512 409.162 1,187,288 1.159,445
Pacific Mad....... March.......
999.327
413.891 351,907 1.133.779
Pennsylvania. 5. March....... 5,064,732 5,253,932 14,306,637 14.893,737
322.052
323,637
14,660
PeonaDeo.AEv. 3d wk May
15,787
Petersburg........ March.......
141,440
137,190
49,499
52.796
811,385
826,050
Phila. A Erie.... March.......
290,621 275,608
Phila. A Read... April......... 1,554,313 1.635.261 6,135,355 6,388,754
Coal A Ir. Co.. April......... 1,088,392 1,403 964 5,548,752 6,365,503
Tot. both Co’s. April......... 2,642,705 3,039,225 11,684,107 12,754,257
158,298
133,401
57.717
Ph. Read. AN.E. March___
48,575
Phil. Wilm. A B. March.......
771,707 672,707
Pitts. C.C. A St. L. April......... 1,057,654 1,217,276 4,380.495 4.841.332
13.934
15,688
3,600
Pitts.Lisb.AW’n April........
3,777
188,727
157,699
48,610
47.632
Pitts.Bes.AL.E. April........
562,676
604,338
35,951
36,831
Pittsb. A Wes’n. 3d wk May
278,374
308.775
18,283
17,220
Pitts. Cl.ATol. 3d wk May
95,042
91,464
8,696
7,946
Pitts. Pa. A F . 3d wk May
937,339 1,012.200
62,930
61,997
Total system.. 3d wk May
359,224
284,251
87.940 125,811
Pitt.Young.A A. April.........
92,343
99,725
27,582
24,597
Quincy O. A K.C. April.........
171,696
162,815
62,081
64,266
Rich.Fr’ksb AP. March.......
78,494
83,214
28.572
29,956
Rich. A Petersb. March.......
126,600
165,568
9,110
Rio Or. South’n. 3d wk May
6,819
821,624
841.945
48.400
45,800
Rio GrMeWeat. 3d wk May
407.553
229,116
12,200
18,400
St.Jos. A Gr. 1... 3d wk May
92,148
92,183
22,809
19,173
St.L. Ch.A St. P. April.........
16,743
2,237
St.L.Ken’etASo. April........
8t.L.ASan Fran. April......... 478,200 448,424 1,892,533 1.939.765
67,600 1,639,900 1,759,748
75,600
St.L. Southwest. 3d wk May
391,237
379,187
99.650
St. Paul A Dul.. April......... 102.315
632,395
551,619
San Ant. A A. P. April......... 207,149 153,949
202,433
194.438
55,455
San Fran. A N.P. April.........
57.046
872,141
867,781
296,799 279,002
Sav. Fla. A West. March.......
303,328 270,816
Seao’rd Air Line April........
89 345
85.636
6,374
6,337
Slier. Slirev.ASo. 4th wk Apr
40,705
48,193
17,751
18,025
Sil. Sprs. O. A G. March.......
77,140
52,260
12.471
3,554
Silverton.......... December.
5,182
6,706
1,557
1,802
So.HavenAEast April.........
So. Pacific Co.—
374,166 393,519 1,099,999 1,253,952
Gal.Har.A 8. A March.......
250,229
262.627
77.401
89,330
Louis’a. West. March.......
447,722 395.672 1,305.923 1,300,286
Morgan’sLAT. March.......
42,546
63,808
13,174
19.834
N.Y. T. A Mex. March.......
335,952
389,426
139,413 107,551
Tex. A N. Orl.. March.......
Atl. Prop’tes.G March....... /1079178 /,998,962 f3 ,159,628 / 3.229,520
Pacific system March....... 2,564,489 2,503,420 7,006,571 7.351,290
Total of all./ March....... 3,913.999 3,741,885 10,715,945 ll.O0y.35O
So. Pao. of Cal. March....... 789,311 831,597 2,171,303 2,460,738
642.321
644,104
So.Pao.ofAriz. March....... 229,020 204,327
309,786
332,506
99.823
126,171
8o.Pac.olN.M. March.......
464.391
450,586
154,613 153,844
Northern B y .. March.......
Southern Ry___ 3d wk May 325,341 307,037 7,328,060 7.048.332
51,783
92,804
26,005
46,149
8pok.F’ls A Nor. February.
3,290
2,002
1,183
1,128
StonyCl. A C.Mt. March.......
325.533
267.543
82,693
61,837
Summit Branch. April........
303.746
263,600
77,390
57,465
Lyk. Val. Coal. April.........
629,279
531,143
119,302 160,083
Tot’l both Co’s April........
85,327
77,574
4,629
3,980
Texas Central.. 2d wk May
85,263 2,40-*,840 2,323,705
99,303
Texas A Pacific.; 3d wk May
10.056
11,105
1,984
2,210
Tex. S.V.A N.wJ April.........
662,709
616,452
27,554
35,862
Tol. A Ohio Cent, j3d wk May
359,609
310,195
17,761
16,819
2d
wk
May
Tol.P. A W est..1
731,081
793,443
42,210
37.341
Tol. St. L. A K.C. 3d wk May
59.875 1,150,184 1,040,457
66,676
Un.P.Den.AG.. 2d wk May
THE
J0S8
1897,
Mm
Mzm
fv :
.; i
:
I to Latest Pale.
Jan.
I M m i i*ra$t Maming$
1898,
CHRONICLE.
|
1897.
1898.
!
«
#
1,130.211,1.071.907 3,118,052 2,934,703
2d w eek o f lin y .
Kansas City A Omaha. ..
Memphis A Charleston..
Mexican Southern.........
Mobile A Birmingham.
Northern Pacillo.......
[P ol . LXIV.
1897.
1890.
$
2.501
23,291
12,900
5,450
824,3>3
3,990
10,819
06,676
54,200
$
1,029
17,347
8,74 3
4,958
320,481
4,629
17,781
59.875
61,000
In crea se.
*
1,476
5,914
4,157
492
3,832
Decrease.
.
#
_____ ___
110,038
72.378
...
350.646
247,919
14,000j 10,000
i *i4 wk May
<V»U:
. „ , c , „ T,
Texas Central.................
639
956,640
164,934
82,36(1
32,(148'.
Marvlv*,*. i
C u t! * tfkci
942
Toledo
Peon
a
&
Weet’u.
r-b--.
1,3(36.0 101 1,282." ' 3,794,81ft 3,432.933 0n. Pao. Deo. A Gulf__
' M » » ll .
c* ¥’«i
.... . .....
0,801
4,134.0001 4,5:13*872
wk May: 213,482!
0,800
53,0lfti
601638 (Vent. jtf. Y. A Pannsylv
19.977
.
March.....!
t m o h M il
416,387
422,148
16-4,286
160,520
Total
:?5
roadai.____
428,064
6,280,289 6,012.745
259,794
273,572
97,607
*March.....
r. v ’c%sUfe
___r
50,342:
55,742 NeMnoraaen <4*45 t», «•>.
267,544
. t-Vlmiary. S3,198
Itfew! V i
165,384
140,971
31.949
,,
March,,,.*
Wff*t§®SI i
909,796
1,032,619
-Net E arnings M onthly to Latest D ates.—The table follow
. 34 wte May
If . 4
IS
373.915
489,466 fng shows the net earnings o f S team railroads reported this
* 34 wk May
Win
130,510
133,015
February
WU
week. A fu ll detailed statement, including all roads from
1,464,307
1,488,735
34
wk
May
wu
27,737
33,952
fit#T<.......
At lit:. Al'i~li........
..............................
. which m onthly returns can be obtained, is given once a month
WrV,.....
87,384
24.169
t-;,r n trsveu do n ot include Oregon By. & Nav., Un, Pao. Denver*
lontana Union and Leavenworth
iforJ'k a a Koath <rAltana, aTheaedgnres inoiQd© result* on easedImee.
&luciudrs earniiut# from ferries* etc.* not given separately. i Meri
e s m m m r . e Inolndea only half of lines in which Union Pacino has
* 4 InelSc/operatlons of the Chic. Burlington *
Northern in both
fmr*.
( r .-\ ,r* r>-ui(* for liar- dinwSy operated oast of Pittslmrv.
/T i c -amines for tUo fourth week of April In 1895 ware $1,411,000
An*: -; .* >' srlttwesiem, Central Texas NorUiwe-itera and Ft. worth
New Orieaan.
_
^
.
,,
. .
H u slM m S U Louis Alton * Terre Haute for ail periods.
Latest Oross Hornings by W eeks.—The latest w eekly earn
ings in the foregoing are separately gammed up as follow s :
f o r the third week o f May our preliminary statement
cover* (VO roads, and shows ’o'VI9 per cent increase in the
aggregate over the same week last year.
3d ««Jfc of H ay.
Alabama GV. Southern..
A kjs Arbor.....................
Atlantic A Danville ....
BAtt, Ohio SOUthweftt.BaSaio Booh. A Fltrab’g
Canadian Pacific............
Centra! of Georgi ( — ..
Cteffepcoxe A Ohio........
Chic-.K-o A Eaat. Ollnota
ChS-'o.-o Great Western
Chicago M il*. A St. Paul
Chin. A West M ichigan-.
Chore, Cta. Chits. 4< St- L.
Ctev. Derate A Wheeling
Dourer A Bid Grande...
Detroit Or. Bap. A West
B r.n .v , A Indianapolis
Ev».p*v. ,fc Richmond..—
Kransv. A Terre Haute,
gu st A Fere Marquette
Georgia— ......................
(ioiri'i* A Alabama-----Grain! Rapid. A Indiana
O n. Rich. A F t Wayne
Traverse Ctty...............
hlu*. Or. Rapids a Ind.
.rand Trunk of Canada
Intern*! A Gt. Sorth'n..
Iowa Central...................
Kanawha A Michigan___
Kan. City Pttteto, A Gulf
Kan. City Suburb. B e l t Lake Erie A Western__
Lamar. Evanav. A 8 t L..
LonleTtlie A Nashville...
M.xlcan Central.— , . —
Mexican National...........
MlnceapoU* A St. Lottie.
M inn.St I*. AS. S. M ...
Mo, Kansas A T exae.....
Mo. Pacific 4 Iron Sit—
Central Branch........
Mobile A Birmingham
Y, ■Ontario A Wee torn
Kerf oik A Western.---Ohio Elver........... ........
Peotta Dec. A Etanav...
PU:»!iur,' A Western____
Rio Grande Southern__
Rio Grande Western.....
8 t Joseph A Gd. Island.
S t Loots Sotnh-weetern..
Scnthcrn Railway.. —. —
Tex*. A Pacific..............
Toledo A Ohio Central—
Tot St. U A Kan. City...
Wabash.
Western N. Y A Penn...
Wheeling A Laee Erie.—
Wisconsin Central
k
M.
1897.
1896.
8
27,511
20.684
11,021
106.675
62,515
469,000
71,232
171,469
72,032
80,257
522,124
26,599
229,099
21.471
126,500
23.990
4,705
1,579
19,170
*5,966
24,000
18.481
33.508
6,845
087
2,150 :
339,887
49,437.
28.749
0,549
47,271
9,177
61,337
25,044
377,365
216,538
112,299
36,432
74.022
167,059
384,006
IS,000
5.971
69,783
214,880
18,834
15,78?
01,997
0,819
45,80c
18,400
75.600
325,341
99,303
35,802
37,341
213,482
49,100
17,', 88
77,807
5,558,195
Wei i.neteaee15*39 p, o,>.
In crea se,
Decrease.
»
$
$
*21,063!
20.7111
9,339
103,181
60,773
407.000
71.814
192,917
71,408
75,581
487,779
20.050
24*2,67*2
28.480
136,400
20.090
5,221
2,974
17,51?
47.249
20,618
15,152
36,336
7,626
1,055
2,336
340,827
47,513
28,993
7,596
10,932
5,252
65,251
27,988
361,195
180,290
80,058
30,265
01,133
100,099
335,00C
10,000
• 5,724
68,570
208,802
21,040
14,680
02,930
9,11C
48,400
12,200
67,000
307,037
85,203
27,554
42.210
218,-103
58,500
27,640
87,692
5,273,741
............
—
3,448
__ __
35
1,682
3,4 9-i
1,74.2
62,000
582
18,448
624
10,67ti
34,345
549
13,573
4,0X0
9,900
.... ..
3,200
516
1.395
___
1,653
1,283
3,382
3,329
2,767
781
373
186
6,940
r-_1,924
_____
__ _
1.053
36.339
4,225
rw«ir --1*.
244
r1____
3,914
2,942
10,170
36,248
28,241
6,107
13,480
7,5G€
49,000
8,000
247
1,213
6,087
.
_ __
2,815
1,127
933
2,291
2,600
•
—
6,200
8,00C
18,304
14,010
8,308
4,869
4,081
10,400
9,852
9,885
400,060
284.451
110,515
For the - cond week of May our final statement covers
r, roads, and shown 1*45 per cent increase in the aggregate
over the fame week last year.
M
of Hay.
1897.
9
5,163,760
i
Ttmwhf'
Bm.rt Cf«nt* Hip. 4tft®
Not Hi.'
66.3
2niium St South'll l
11,700
Dmtsiis » s tl. Ss. AtijujUa,.,
fill# A
. 27.046!
1,725!
ul
r*tt}r»*ujb»r.
48,1051
ft* Wm
10,106
Tkuult..
327.379
w
A ICtvKt 1
tnMam
5 /'
Km.
m
Tti7 7w,n6
!
tm
iff m
. ttirm. 11
20.312
1896.
$
4,903,273
66,623
1-*,353|
49,736
2.5161
46,000
16,39$
826,887
7,910
65,5731
17l0i7l
In c r em e .
9
D ecrea se.
i
380,03"!
2.097
$
125,550
297
2,044
22,690
791
2,768
492
11,283
2,685
107
in these colum ns, and the latest statement o f this kind will
be found in the C hronicle o f May 33, 1897, The next w ill
appear in the issue o f June 19, 1897,
.----- G ross E a r n in g s , ----- ,
1897.
1896.
Roads.
$
$
X e t E a r n i n g s .—
1897.
$
1896.
$
9,517
18,700
Alabama Gt.Bouth.a. Apr.
118,294
102,743
100,117
Jan. 1 to Apr. 30.......
118.648
502,422
457,389
476,403
456,508
July 1 to Apr. 30....... 1,361.408 1.410,453
69,382
72,299
Allegheny V alley .... Apr.
193,917
193,124
242,722
257,361
Jan. 1 to Aor. 30.......
725,680
754,985
56,446
91,258
370,390
325,374
Atlautlo A Pacillo__ Mar.
141,090
214,830
Jan. 1 to Mar. 31.......
951,101
920,155
306,609
590,525
July 1 to Mar. 31....... 2,598,165 2.696,732
(558,321
(434,248
Atoh.Top. A S.Fe,..,Apr. 2,510,499 2,203,270
Jan, 1 to Apr. 3u....... 9,434,003 9,171,549 1.903,840 2,473.295
July 1 to Apr. 30....... 25,671.177 24,580,912 (6,890,444 (6,018,811
Cent, of Georgia,.a..Apr.
317,529
318,880
39,313
12,055
Jan. 1 to Apr.30..... 1,716,451 1,782,518
568,528
550,162
July 1 to Apr.30..... 4,616,609 4,728,163 1,695,018 1,660,732
Cent, of N. Jersey.a. Apr.
926,770
947,807
323,330
308,106
Jan. 1 to Apr.30..... 3,524,139 3,712,973 1,093,919 1,149,931
Ohes. A O hio.a.........Apr.
903,033
824,209
253,802
253,433
Jan. 1 to Apr.30..... 3,633,542 3,358,543 1,035,150
988,743
July 1 to Apr.30..... 8,992,072 8,563,009 2,905,819 2,714,739
Ohio. M .& S t. P .a .-A p r . 2,203,769 2,366,590
740,447
776,197
Jan. 1 to Apr. 3 0 ..— 8,670,283 9,751,245 3,21.0,941 3,418,4,09
July 1 to Apr, 30....... 25,408,563 27,318,970 10,025,819 11,321,005
104,514
66,341
Oiti.N.Orl.A TexJ’ .a. Apr.
299,555
263,116
273,579
386,882
Jan. 1 to Apr. 30. 1,115,054
1.087,183
884,693
908,893
July 1 to Apr. 30. 2,836,3*24
3,122,674
1,043
12,850
Clove. Canton A So—Apr.
55,457
60,021
22,229
37,620
Jan. 1 to Apr, 30_
198,261
199.387
131,033
93,093
July l to Apr. 30.
574,916
578,772
241,606
243,406
Clev.Oln. C.ASt. L.a-Apr. 1,068,979 1,036.109
963.703
Jan. 1 to Ajir, 30. 4,242,778
-4,099,479 1,091,469
July 1 to Apr. 30.10,93*2,200
11,481,973 2,769,605 2,921,014
21.649
Peoria & East’n.a.. Apr.
120,098
136,104
5,069
109,677
139,321
Jan. 1 to Apr. 30.
522,999
578,261
289,554
400,244
July 1 to Apr. 30. 1,356,377
1,610,419
536,342
508,513
E rie............................ Apr. 2,418,567 2,446,795
Jan, 1 to Apr, 30. 9,272,435
9,428,752 1,822,065 1,981,364
July 1 to Apr. 30.2 5,873,357
26,343,236 6,607,874 6,509,051
3,893
2,952
6,076
5,179
Eureka Springs........ Mar.
13,782
6,762
7,711
14,577
Jan, 1 to Mar. 31.......
96,287
*4,936
*4,698
G eorgia.a.--............. Apr.
103,606
145,730
145,690
524,566
Jan. 1 to Apr. 30.......
529,838
*439,587
*419,220
July 1 to Apr. 30....... 1,393,336 1,309,069
13,854
842
65,279
Ga. South. & Fla,a.. -Apr.
61,521
75.132
85,822
285,946
Jan. 1 to Apr. 30.......
272,349
257,803
242,141
729,820
July 1 to Apr. 30.......
728,963
8,139
9,196
Grand Rap, Gas L. Co. Apr....................
46,031
43,186
Jan. 1 to Apr. 30........................ ..
7,372
6,919
29,549
Jaok. Tam. & K . W. Apr.
28,228
21,161
7,924
119,479
Jan. 1 to Apr. 30____
115,760
Lake Shore & Mich. 8o.I>—
Jan. 1 to Mar. 31....... 4,742,177 5,046,870 1,811,267 1,864,356
Lehigh Valley (in N. Y . ) 256,809
323,340
Jan. 1 to Mar. 31....... 1,120,576 1,101,246
35,880
Minn. & St.Lonls-.a.Apr.
131,885
40,702
138,040
208,883
594,720
203,879
Jan. 1 to Apr. 3 0 .......
561,169
717,280
696,264
July 1 to Apr. 30....... 1,658,321 1,725,742
91,176
M ob ile* Ohio...........Mar, 323,123
288,329
90,154
Jan. 1 to Mar. 31.......
977,448
304,888
877,760
325,698
1,081,530
July 1 to Mar. 31....... 2,967,976 2,771,600
1,092,306
New London Northern—
Jan. 1 to Mar. 31.......
168.824
143,667
35,161
N .Y . B us.* West. !>.. Apr.
157,919
170,012
68,272
276,820
Jan. 1 to Apr. 30......
644,742
658,943
842,911
July l to Apr. 30...... 1,884,353 1,847,368
Northern Central.b .Apr.
482,095
493,819
122,650
Jan. 1 to Apr. 30...... 2,062,554 1,962,763
612,256
Ogdensh. &
Champlain—
Jan. 1 to Mar. 21......
137,650
............
31,265
Oregon RR. & Nav.. Apr,
315.375
97,403
275,935
Jan. 1 to Apr. 30...... 1,179,319 1,227,509
338,843
635,954
Phila. & Reading---- Apr. 1,554,313 1,635,261
Jan. 1 to Apr. 30....... 6.135.355 6,388,754 2,539,956
Deo. 1 to Apr. 30....... 7,846.041 8,226,050 3,324,003
Coal Iron Co...... Apr. 1,088,392 1,403,964 df.129,117
Jau. 1 to Apr. 30...... 5,518,752 6,365,503 df.484,316
Deo. 1 to Apr. 30...... 7,319,451 8,581,861 df.515,909
Total both C o's....A pr. 2,642,705 3,039,225
506,837
Jan. 1 to Apr. 30------11,684.107 12,751,257 2,105,640
Deo. 1 to Apr. 30.......15,165,492 16,808,517 2,808,004
Reading Co............ Apr........................................
25,459
Deo. 1 to Apr. 30..............................................
122,012
Total all Co's..........Apr.........................................
832,296
Does. 1 to Apr. 30.............................................. 2,930,106
St, Louis & Ban Fr .. Apr.
478.200
418,424
168,639
Jan. 1 to Apr. 30...... 1,892,533 1,939,765
780,949
July 1 to Apr. 30....... 5,013,470 5,183,164 2,178,345
San Ant, & Aran. P-. Apr.
207,149
153,949
54,470
Jan. 1 to Apr. 30.......
632.395
551.619 115,231
July 1 to Apr. 30...... 1,931.598 1,639,316
856,427
Seaboard Air-Li ne .... Apr.
303,328
270,816
73,259
July 1 to Apr. 30...... 3,31-2,189 3.127,708
978,272
L.
&
42,798
73,245
274,202
783,122
138,210
483,063
.............
.............
.............
695,519
2,570,046
3,335,461
dt.198,693
df.274,741
df.511,713
496,826
2,295,305
2,823,748
25,459
122,012
522,285
2,945,760
148,790
730,976
2,094,596
33,311
120,052
509,288
59,152
945,476*
THE CHRONICLE
Mat 29, 1897.]
/-----Gross E a r n in g s .
1897.
1896.
Hoad#
$
,
$
1Vet E a rn in g s . ------- .
1897.
$
1896.
^
Southern Kailway. a.. Apr. 1,489,813 1,403,198
389,825
319,009
Jan. 1 to Apr. 30....... 6,333,462 6,100,803 1,928,020 1,659,298
July 1 to Apr. 30........16,172,047 16,518,966 5,227,374 5,190,793
878,254
979,106
261,046
213,885
W abash.b................. Apr.
JaD. 1 to Apr. 30........ 3,512,610 3,884,548 1,054,783 1,025,444
July 1 to Apr. 30........ 9,646,668 10,862,440 2,955,522 3,153,010
a Net earnings here given are after deducting taxes,
b Net earnings here given are before deducting taxes.
* After allowing for other inoome received, net for April was $5,882,
against $$5,644, and from July 1 to April 30 was $532,387, against
$481,972.
t For April, 1897, taxes and rentals amounted to $145,742, against
$162,387, aDd from July 1 to April 30, 1897, $1,571,333. against
$1,616,182, after deducting which net for April, 1897, was $288,506,
against $395,934, and from July 1 to April 30, 1897, $5,319,111,
against $4,402,629.
Interest Charges and Surplus.—The following roads, 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.
R oads.
Ciev.Cin.Ch. & St.L.. Apr.
July l to Apr. 30. . . .
Peoria<fc Eastern... Apr.
July 1 to Apr. 30.......
- Inter* t, ren ta ls,
* -£ a l . o f N et E a rn s.
1896.
1897.
1897.
1896.
$
237,765
230,741
5,641
10,865
2,388,328 2,363,024
381,277 557,990
36,802
36,802 def.3L.733ddf.15.153
368,017
363,017 def,78,463
32,227
STREET RAILWAYS AND TRACTION COMPANIES.
The following table shews the gross earnings for the latest
period of all street railways from which we are able to obtain
weekly or monthly returns. The arrangement of the table is
the same as that for the steam roads—that is, the first two
columns of figures give the gross earnings for the latest
week or month, and the last two columns the earnings for
the calendar year from January 1 to and including such latest
week or month.
STREET RAILWAYS AND TRACTION COMPANIES.
L atest Gross E a rn in g s.
Jan. 1 to L a test D a te.
Gross
E arnings.
W eefcorM ol 1897.
1896.
1039
Street Railway Net Earnings.—The following table gives
i the returns of Street railway gross and net earnings received
this week. In reporting these net earnings for the street rail
ways, we adopt the same plan as that for the steam roads—
that is, we print each week all the returns received that
week, but once a month (on the third or the fourth Saturday)
we bring together all the roads furnishing returns, and the
latest statement o f this kind will be found in the Chronicle
of May 22, 1897. The next will appear in the issue of June
19, 1897,
Gross E a m i n g s .-
1897.
$
R oads.
Brooklyn Elevated—
Jan. 1 to Mar. 31....... *396,346
Cleveland Electrio... Apr.
128,817
Jan. 1 to Apr. 30.......
500,779
Danv.Gas El.-L.&St.Ry.Apr.
8,330
Jan. 1 to Apr. 30.......
34,833
Denver Con.Tramw,. Apr.
57,189
Jan. 1 to Apr. 30.......
214,321
Dry Dock E. B. & Bat.—
Jan. 1 to Mar. 31.......
154,965
Fulton St. RR —
Jan. 1 to Mar. 3 1 .....
12,738
Nassau Electric RR. (B^lyn).
Jan. 1 to Mar. 31.......
334,539
NewburgEleo. Ry...Apr.
5,330
Jan. 1 to Apr. 30.......
19,041
July 1 to Apr. 30.......
68,346
New Orleans Tract.. Apr.
103,991
Jan. 1 to Apr. 30.......
421,676
Paterson Railway.... Apr.
26,184
Jan. 1 to Apr. 30.......
95,235
Pitts.Fr.&Sub. El.Ry. Apr.
2,716
10,489
Jan. 1 to Apr. 30.......
So. Boulevard RR.(N.Y.)—
Jan. 1 to Mar. 31.......
8,989
Wilkesb.A Wy.Vy.Tr. Apr.
35,537
Jan. 1 to Apr. 30.......
147,366
-N e t E a rn in g s .— %
1896.
1897.
1896.
463,464
131,509
504,175
7,932
33,387
59,332
221,118
*145,427
38,931
170,839
3,814
16,236
24,791
88,767
189,010
40,785160,928
4,216
170,129
24,795
37,347
23,672
84,749
4,503
76,933
5,746
19,865
78,702
109,217
442,467
25,810
94,932
1,377
5,435
112,408
1,712
5,271
28,063
37.181
148,547
11,415
38,409
1,702
6,652
20,607
2,011
5,266
29,000
50,021
201,399
10,132
38,247
734
2,543
6,907
37,722
149,705
3,519
19,967
76,630
2,243
18,577
76,983
* Figures for 1897 are to March 25 when receiver was appointed.
1897
1896.
$
*
Akron Bedf’dA Clev. April..........! 6.373
23,419
22,131
Amsterdam 8t. B y ... March.___ j 3,611
10,456
10,796
Anderson El. 8t. Ry.. April.........
16,827
4,124
Atlanta Railway........ March.......
16,627
6.158
16,571
Baltimore Traction... A.pril......... j100,926
371,252 354,328
Bath 8t. Ry. (Maine.) April......... I 1,510
5,292
5,441
Bay Cities Consol.... April..........I 6,184
....... .
............
Bingnamton 8t. Ry... March_____! 10,078
Bridgeport Traction 2d wk May | 6,174
6,521 103,010 101,883
Brockton Con. 8t. Ry. April......... 25,082
94,627
85,532
Briklyn Rap.Tr. Co.—
Brooklyn Heights.. April..........1378,742
1,381,699 1,363.338
Br’klyn Qu’ns & Sub April.........i 60,811
217,670 206.282
Total for system April......... 439,553
11,599,368 1,569,620
Buffalo Ry................... March....... ............
323,076 335,154
Chester Traction....... March........j 13,519 13,731
38,340
38,683
5,949
City Elec. (Rome.Ga.) April..........j 1.655
5,967
Cleveland Electric... April.........128,817
500,779 504.175
Cleve. Painsv.& £ ___ April......................... 5,662
20,563
............
Columbus 8t. Rv. (O.) '2d w r May 10,651
Coney Island <k B’lyn. April......................... 25,092
87,035
87,628
Dan v. Gas El. Light A
Street Ry................. April.........
8,330
34,833
33,387
Denver Con. Tramw April ...... 57,18 J
214,321 221,118
Detroit Citi’ns' St. Ry. 3a wk May 22,818
; 387,869 361,143
Detroit Elec. Ry......... April......... 32,788
131,933 136,405
Duluth St. Ry.. ......... March...... 15,508
42,567
48,143
Erie Elec. Motor Co.. April
9.784
39,234
43,872
Galveston City Ry.. March....... 14,559
44,176
39,845
Herkimer Mohawk liion & F’kfort E l.Ry. March.......
3,720
10,644
10,415
Hoosiok R y ................. April.........
544
2,032
2,246
Houston Elec. St. Ry. March....... 14,220
42,293
43,351
Interstate Consol, of
North Attleboro___ April.........
36,570
9,727
34,743
Kingston City Ry....... April.........
4,185
4,041
15,238
15,410
Lehigh Traction......... March.......
24,510
27.882
9,166
7,855
London St Ry. (Can.) April.........
6,654
26,240
22,263
6,096
Lowell Law. <fc Qav.. April......... 31,420 30,741
114,451
110.388
Metrop. (Kansas City* 3d wk May 37,225 34,983 635,340 636,511
Metro. W. Side (Chic.) April......... 70,920
........
........
Montgomery St. Ry April.........
16,104
15.870
4,888
4,578
Montreal Street Ry... April......... 103,046 97,462 392,076 372,060
194,606
Nassau Elec. (B’klyn) April......... 111,682 117,673 476,221
5,330
19,041
19,865
Newburgh Electric... April.........
5,746
New England 8t.—
Winchester A v e .... March....... 14,895 14,388
42,076
42,681
6,096
2,062
Plym’th A Kingston Maroh.......
2,142
6,040
48,777
48,116
Total...................... March....... 17,037 16,450
10,629
11,016
3,050
2,917
New London St. Ry.. April.........
New Orleans Traction April........ 103,991 109,217 421,676 442,467
North Shore Traction 2d wk May 25,902 27.783 430,004 425,483
3,764
4,160
1,274
1,209
Ogdensburg 8t. R y .. April.........
94,932
Paterson R y .............. April......... 26,184 25,810
95,235
5,435
2 ,7 1 6
Pittsb. Ft.Sub. El.Ry. April.........
10,489
1,377
22,042
22,587
6,544
6,161
Po'keepsie & Wapp. F. Vpril.........
Rochester Ry.............. February. 62,287 68.783
22,164
21,083
6,695
G.931
Schuylkill Traction.. March.......
15,139
4,287
8chuylklll Val. Trac. April.........
2.931
8oranton ACarbond’e Maroh.......
13,722
4,845
Borantou A Pittston.. March.......
Scranton Railway___ April......... 26,487 26,303 105,397 101,740
8econd Ave. (Pittsb.) April......... 174,817 f 76,817 209,116 208,051
11,342
10,115
2,672
3,181
Syracuse E’st-SideRy April.........
Syracuse Rap. Tr. Ry. April......... 34,581 35,391
130,736 136,686
47,174
45,741
Terre Haute El’o. Ry. April........ 11,521 11,854
567,117 584,541
Third Ave. (N. Y.) .. . March.......
297,193
Toronto Ry. .............. April........ 73,756 75,747 297,661
Twin City Rap. Tran. March....... 157,192
449,373 458,516
62,410
64,638
Union (N. Bedford)... April......... 17,050
512,513 524,640
United Tract. (Prov.l April........ 134,014 137,045
34,272
36,446
Unit. Trac. (Reading) March....... 12,016 12,181
14,554
13,623
Wakefield A -dene___ April.........
4,208
72,545
74,400
Waterbary Traction. April......... 18.537
49,031
50,701
Wheeling Railway... April......... 12,342
147,366 149.705
Wilkesb. A Wy. Valley April....... 35.537
Interest Charges and Surplus.—The following Street
railways, in addition to their gros3 and net earning* given in
the foregoing, also report charges for interest, &c., with the
surplus or deficit above or below those charges.
r - I n t e f t , ren ta ls, <6c.—. r -B a l. o f N et E a r n s .—,
E oa ds.
Denver Con. Tramw. Apr.
Jan. 1 to Apr. 30____
1897.
1896.
18,796
74,076
17,877
71,428
$
1897.
5,995
14,691
1896.
5,795
13,321
ANNUAL REPORTS.
Annual 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 nvestors’ and Street R ailw ay Supplements.
This index does not include reports in to-day’s Chronicle.
R ailroads and Miscel . Co’s.
V olu m e 64—
P age.
American Bell Telephone........... 797
American T bacco.................... 949
Burlington Cedar Rap. & No....... 947
Canadian Pacific........................ 752
Central Pacific................... 884, 897
Chicago Bur). &Quincy. ...733, 752, 756
Chicago & West Michigan........... 948
Chicago Edison Co......................998
Cincinnati &Muskingum Valley.-. 997
Electric Storage Battery............ 841
Erie Telegraph & Telep...887, 900, 950
Flint & Pere Marquette............. 796
General Electric Co..............841, 818
Georgia &Alabama................... 948
Lake Shore.............................. 885
Mahoning Coal RR.................... 885
R ailroad and Miscel. Go ’ s (O on .)
V olum e 64—
P a g e.
Mexican Central............ 827,839, 845
Michigan Central..................... 885
Monongahela River..... — .949, 998
New- England Teleg. &Telep...... 949
New York Chicago & St. Louis ... 886
Ohio River .............................. 997
Oregon Short Line RR........ ........ 841
Philadelphia Company (Gas)...... 999
Pitt. Cin. Chic. & St. L.... 775, 796, 801
St. Joseph & Grand Island.......... 841
Southern Pacific................... 871, 889
Sunday Creek Coal.................... 797
Union Pacific..................
840
United States Rubber............... 998
Wilmington &Northern......... 949, 998
Peoria Decatar & Evansville Railway.
( Report fo r the year ending Dec. 31,1896. J
General Remarks.—Notwithstanding the general depression
in business throughout the country, the volume of traffic has
been about the same as in 1895, Receiver Hopkins saying:
The general business condition bas bad a verydepressin ? effeot upon
tbe movement of pig iron, building material, merchandise, ooal and
other produots and commodities which go to make up the tonnage
handled by this road, outside of produots of agricultare. An increase
in grain handled bas assisted us to a great extent in overcoming the
loss In earnings due to the light movement of other commodities.
This grain, however, has been handled a longer distance than usual on
account of the demand in the 8outh, but, as is usual with long hauls,
the rate per ton per mile for such haul is much less than for short
hauls. The outlook now is that the business condition as to the move
ment of grain will continue during the year 189 7, although there is
every reason to believe that with the revival of business movements
of other products will iuorease.
M a in ten a n ce o f Track.—B a t six miles of steel have been purchased
during tbe past three years, which has been insufficient to give neces
sary rail for side track purposes, much of the rail in sidings being
nearly worn out, occasioning frequent derailments when switching
trains. There is also more or less new siding being demanded each
year. As muoh as ten miles of steel should be puiohased during 1897.
The gross earnings decreased $47,722, operating expenses
decreased $9,513, leaving a decrease in net of $38,209, or 13 per
cent.
Equipment.—There was spent for repairs to cars in 1898
$43,158, against $48,748 in 1895. During the year 103 cars
were dismantled as not worth repairing. “ This condition has
existed for some years, and our equipment is, therefore, be
coming smaller each year.” The rep >rt repeats the fact, men
tioned last year, that by an Act of Congress all freight cars
* includes results on North Side Traction Company, which was leased must be equipped with air-brakes and automatic couplers on
or before January 1st, 1898. To equip 600 cars will necessitate
February, 1897 to the Second Ave. Traction Co
1 HE CHRONICLE
1(>40
I VOL. LX IV.
iiuf< of ..pproxitnal*!*' $®i),000. The age, size and
GENERAL IN V E S T M E N T NEW S.
( (> i n-maunder of the equipment (900 car*)is such
* . „» tie «xm on
dp them after this manner.
R eorgan ization s, Etc. -L a test Data as to Defaults, Reor■■/ ’tstV/._The firs; wort g w * coupons paid with inter* j laniznlkm Plans, Payment o f Overdue Coupons, E tc.—A ll
,
v,.sr w ere: Evansville division, due Sept. 1, facta o f this nature appearing since the publication o f the last
VS »rc-h, lHVti, |0o,820. Peoria division o f January j issues of the I n v e sto 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
I may Ire readily found by means o f the follow in g index. This
1 elk. $79,47$; total. $TW.39$•* —.Principal o f P. II & E. hills payable remains the index does not include matter in to-day’s C h r o n ic l e .
in ,h. in4 report, viz,: $808,591 . interest thereon
Railroad and Misckl.Oo’ s
Railroads and miscel. Oo.’ s.
Volume 04—
Pam .
84—
due and . . ,u |. $175,295} there are also $30,000 of receiver's
N
, Y. Cent. & ll, ll... refund plan. 755
Amer.
Grocery.,
.iweit*.
U
50
i
t.
.
qnipraent
obligations
were
slightly
reduced,
bill* pa;
rlein....rf/iifi'f. 755, 053. 1001
Atlantic!Coast Lines
consoV 887 >N» Y. & Harlem....rrYui
1
0
,
3
3
0
outstanding:
no
additional
receiver’s
cettiii...sold. 887 i Northeastern
rn lUi.or
ll It. or G
Gu. .recrr.SiZ, 05t
Atlantic & Faciflo,,..
leaving
1)0
Do
....... sate.lOOl
Atlas Tack,....,........... ..sold. &il, BBT
cates we i«sut‘d. $13,017 only being outstanding. The report Balto.
sale. 054
& Ohio..................
$41 Ohio Valley............
a
that
since
January,
1897.
to
May
1,
the
property
Do
A
999
Oregon
Im
provem’t..rroro.800,843,
Q02
Male* a
Fear Yadk. Vai... —
798
Do
Do
........ coupons.lOOl
t , f r o m seven* floods, which wilt necessitate an increase Capo
Carolina Tennessee Ohio... ,*oM.Kh)u Owensboro Falls of R. & G. R, .mid. 755
sperating expenses for 1897.
Central Washington...........
961 Quincy Omaha &K. C-.. ..JSOld3QQ, 054
Chicago &Alton...... dlv. reduced. 887 St. L. Chic. &St, P.,.new c(wnpa«v.1002
-Earnings and charges on whole line have been : Cine.
& No. P.
808, 951 St. L. Yaiulnlia Sc T. H....... .coup. 845
Volume
lSiHS.
PW-lg
|W
M»u,
1895.
1893.
1893.
331
831
$
$
621,014
675,089 008,602 588,651
201,101 313,885 188,378 2.00,639
80,901 89,309 88,133 100,028
331
I
►crate
Mgt-
aptwtiSt
331
fNTpdMM
t> of w ay,etc— ... 112.068 118,304 194,015
91,951
s n t equipm ent....,
83,507 84,296
transportation..... 333,965 333,073 304,839
00.638
..............................
48,936
52,937
47,899
49,025
...................................
50,000
Mai.atr ui
OondneU
44,825
TiRa I ..........................— ........ 659,096 667,035 699,942 575,552
204,958 244,141 161,220 346,629
Kst >•anting*........................ . —
62-41
73-22
81‘27
70-28
F®r
fit oper. exp.
earns..
ie
iixtmm&t tm bonds*-------- -
i ut- on floating and other debt..
Big®tads*...... .
Mt»ceilaneous.. . . . . . -------. . . . . . .
172.472 170,641
256
3,550
30,1-10 30,141
171,753 281,791
32,094
11,677
30,1-11 29,183
8,607
713
Total................................. ...... 206,162 201,038 204,284 351,675
IH&’.aiice.............................
.. df.il,204 sr.S-43,103 df.43,06-1 df.5,046
Interest on ■cond mortgage is not included, since not paid.
Interest due but no! paid on floating debi in not here Included.
• Add ,<-15 000 div. on P. .% P. IT. stock in both years; total surplus
r’
c:i m 1895 and 813,796 in 1890; but ownership of this stock is la
litigation.
„„„„
('((SPENSKD UALANCE SHEET DECEMBER 31, 1896.
Liabilities—
A-nttM—
Road and equipment 811,7.5,850 Capital stock............... 88,973,400
848,581 Funded d e b t .......... 5,717,076
Iut. on funded deb t...
487,254
72.041Bills payable, and Int. 1,008,886
65,671
298,381 H. I. Nicholas & G o...
416,313
25,133 Current liabilities......
By bal. to credit profit,
and loss account (re
671,240
32,630
ceivers) .....................
9<M:uritics ow ned....
tiin e n t assets—
Cash ............................
Aecouate collectible
Supplies on hand__
Balsa.to debit o f pro lit
and loss account—
Total...................... $16,701,230
Total....................... $16,701,231
—V. 64, p. 664.
pons.
Patterson
Corwinmureport.
&
forecl.
&
forecl.
.plan
in
fuU.SSS.
Do
new compuny.1000 Seaboard By. (of Ala.) ........«cldLX008
Chicago &West Michigan ...coup. 842 Summit Br...«afe,756j deposits. 955,1002
812 Superior Consol, Land Co....rt?ct»*% hr
Cln. Jackson
Mackinaw....
reory. 842
aokson &
&
■
MttQklnaw..,,reors.
Colorado Midland .......—
forecl.
■8 Tennessee Central................... .Mir.1002
........forctn.
XI UnionVac.col.tr3s of 1091drnos,758, 902
Coli
* & Hock. Coal
iluinbiu
A l..rto
L.rrora.JWW
al &
Do coll.tr. Us o f l 8ifl.co«ae,844, 002
Colum.H. V. &ToL .consol,
deposits.
75*
wot.
depttsl
I>0
Do
Do coll, tr, 6a. (if 1 88*......
00a
ijwns. tut
■coupo:
.,soW.11»0 : Do colI.tr 6s of 1879........... 902
Duluth &Wlnni
Do Kansas Central..... forecl. 799
Kast Tennessee Land........... jmfp.iooo
Do equip, bonds. & int. paid.1002
! Et. Worth * Rio Graude-fht.ecofeitj 8*8
Utah
Central ... — ......... .sold. 955
Illinois
Central,
(IB
S
115,228 Jacksonv. Tampa & K. W,.,/ordos. 888 Wheeling
& Lake E.devotiU of isU. 955
71,087 Lebanon Springs
888 Wisconsin Central ...coapon«.844, 903
303,560 Middle
........ 1
' Ala.......soM
‘‘
-----1001
Tenn.S
.988,1
10,852 Lexington Terminal.......— sale.. 700
STREET BAIL5VAY8.
864,054 911,770 801,102 922,181
1M
denied.SB?,Page
Irnui issue
......new recvr.
Loafev. N. A. &Ch.jlnalInstalm’t. 7 5
Memphis & Charleston./orecLstay 790 1Kings County Blovatod.......iwrsr.1001
Albany Railway.— New Mortgage.—On June 1, the stock
holders will vote on the proposition to authorize a mortgage
for §750,000 o f 5 per cent 50-year gold bonds, of which
$375,000 w ill be used-to pay for the extension to Cohoes, etc.,
and the balance reserved for future needs.—Y . 64, p. 841,
American Bell Telephone.—Proposed Union o f Inde
pendent Exchanges.—A t a meeting ot independent telephone
interests at Fort W ayne, Ind., on Monday, fourteen States
being represented, a provisional com m ittee to take steps to
ward the organization o f a national association was appointed
as follow s : W . L. Holmes, President Detroit Telephone C o ,;
J. M. Thomas, President Ohio Telephone Association ; Burt
Hubbell, Secretary o f Pennsylvania Telephone Association,
of Pittsbu rg; J, C. Duncan, President Southern Telephone
Co. o f K noxville, and George M. Beers, President H om e
Telephone Co. o f Fort W ayne. The objects in view are stated
as fo llo w s ;
1. A national assooiatlon of the independent telephone exchanges
of tbe United States for mutual protection and development.
2. Long distance toil lines by connection of tbe independent ex
changes.
3. An independent long distance service, connecting the great com
mercial oentres in a field now occupied exclusively by tbe Bell Co
4. An opposition telephone exchange in Chicago, for which purpose
a oompany has already been organized.
5. Co-operation for resisting any action tbe Bell Company may take
in tbe courts in reference to tbe Berliner decision.
P acific M ail Steam ship Company.
On Thursday, Friday and Saturday of this week about tw o
( Preliminary report f o r the year ending A pril SO, 1897.J
hundred representatives o f independent companies met in
The company submits the follow ing preliminary statement Chicago for further consideration of the matters above indi
of earnings and expenses for the year ending April 30, 1897, cated.—V . 61, p. 950.
to be follow ed (as Boon as practicable) by the customary an
American Grocery.—Injunction Against Sale.—A t Tren
nual report, covering in detail the operations o f the oompany. ton, N. J .,M a y 34, Judge K irkpatrick issued an order restrain
President C. P. Huntington signs the report, which says:
ing the com pany from disposing o f its business under a reso
•!A« compared with the operations o f the previous year there lution adopted by the stockholders authorizing the sale o f the
has been a decrease in gross earnings ot §82,789 and a de business of the com pany upon such terms as the directors
crease in expenses o f $88,867, resulting in an increase in shall deem for the best interests of the oompany.
net earnings o f §3,877,
The restraining order was granted on the application o f
"The Mira of $130,000, charged to expenses for “ general and David A , Hunt, a stockholder, and is directed to T. L. Mar
extraordinary repairs o f steamers” , is carried to the credit of salis, President. It specifies that nothing therein contained
the fund set aside for that character of repairs, to w hich ae- is to be construed as prohibiting the com pany from transact
c uni has been charged the sum of §230,165 expended on in g its business in the usual w ay.—V . 64, p. 950.
its steamers during the year, leaving a balance to the credit
A nthracite Coal Companies.—Hearing Adjourned.—The
of (ln« fund April 30,1897, am ounting to $123,878.
“ iri addition toabove expenditure for extraordinary repairs hearing before Judge Chester, on the application for an order
the -urn of §120,770 has been paid during the year and vacating the order issued on May 11 for an inquiry under the
ebargt d to “ steamer expenses” for ordinary repairs to the new anti-trust law into the affairs o f the alleged Coal Trust,
was adjourned on Thursday until Tuesday, June 8 An order
company's fleet.
‘ “The company is tree from indebtedness, except for current was made postponing the hearing before the referee until
•H - i! < s nr,d had available loans and cash on hand in New after the determination of the pending motion to vacate the
York, Han Francisco and London April 80, 1897, the sum of order.—V , 64, p, 999.
$1,198,140."
B a ltim ore & Ohio HU.— Coupon Payments and Defaults.—
The follow ing notice is made regarding the interest due
XHkmos * » » EXPKKRKS VOl THE TEAKS BKOIKO ATHtt 30.
June 1 :
1895*6.
1898-7.
1894-5.
mm.
“ The receivers of the Baltimore & Ohio RE. w ill oay inter
#
$
aniings..............................1,202,006 1,239,828 1,010,776 est upon the follow ing securities on June 1, viz. : Schuylkill
mm ar 'ii.-;- . . . . . . . . . . . . . . . . . . . . . . . . . 46,163
64,905
57,373 River East Side RR. first mortgage bon ds; receivers’ certifi
Freight a raing*,.............................2 ,4 4 7 ,7 5 8 2,483,079 2,543,942
MtomUi
76,104
49,809 cates issued June 1, 1896. $5,000,009 ; receivers’ certificates is
Qemiml \in. rir at* Mihaidiea . . . . . . . . . .
54,333
9,000
6 i.OOO sued Dec. 1, 1890, $956,000. They w ill not at that time pay
Mm\m\
.................
15,000
15,009
15,000 the interest on the Terminal mortgage bonds, f per cent' on
beau* receipt*. . . . . . . . . . . . ___ 100,846
133,822
120,300
$8,500,000, nor will they at the same time pay the interest on
au4
37,273
11.^34
-*■.......
107,359
146,744
107,109 the Chicago Division sterling loan of 1877.'’
•of iteaaiert ........
23,763
The follow ing statement made by the receivers on Thurs
Tsttl
.1.140,140 4,210,037 4,087,872 day clearly indicates that the above-mentioned defaults may
be only tem porary:
Q*r.. a
. o f kteamara. 150,000
150,000
150,000
Those properties will bare boon in the hands of the reoeivers for fif
bl.am.r
...................... 2,4^7,807 2,480,213 2,352,033 teen
months to June 1, and they have received tbe earnings thereof
Ar .u .y »
....................... 693,338
731,516
738,953 only for that period, while interest falling due Jane I o n ibe Chicago
SwHMd
................... 59,352
54,418
67,453 Division bonds will be the third interest instalment, making eighteen
lni.r.
u ra m l.a io o a .................
25,426
1
mmmm%
mmmlmUmn,.
....................
o f »te»jner»..
k
—v.
, p. 923.
0,180
29,243
38,025
41,482
.3,425,891 3,501,655
. 714,288
708,381
months’ interest to be met out of fifteen months’ earnings. ThereeeiverR will have in their bands surplus earnings for this division ap
plicable to tbe paymont of the interest $50,000, or possibly more, but
not sufficient to pay the $166,000 interest at that time, and they do not
3,375,240 feel that they oan pay this interest until the same is earned by the
712,632 division. Therefore It will neoossarily remain in default for a limited
i period of time.
11,215
80,171
May 29, 1897.]
THE CHRONI LE.
For tlie same reason the receivers do not intend to pay the interest
upon the Terminal mortgage bonds which fall due June 1. The rentals
of the Terminal properties are $375,000 per annum. Out of the fif
teen months’ rentals in the receivers’ hands they have already paid
out two interest instalments, amo mting to $382,000. and they have
not now sufficient of thes^ rentals in their hands to meet the third in
stalment on June 1. In other words, fifteen months’ rentals are not
sufficient to pay eighteen months’ interest, and consequently these
bonds must wait until the rentals of the respective properties are
equivalent to the interest upon the bonds.
The figures show that the Chioago division is about earning its in
terest. The rentals of the Terminal properties also are very nearly
equal to the interest upon the Terminal bonds.—V. 64, p. 999.
Capital Traction Company (Washington. D. C.)—Listed
onNew York Stock Exchange.—The New York Stock Exchange
has listed this company’s §12,000,000 of capital stock. The
company is remarkable in that it has no bonded or other in
debtedness except current accounts.—V . 62, p. 187.
Central Branch Union Pacific R R .—Atchison & Pike’s
Peak RK.—New Mortgage Trustee.—An application will be
made by the company to the Supreme Court of New York
State on June 7, 1897, for an order confirming the appoint
ment of Oakes A. Ames to be trustee under the Atchison &
Pike’s Peak mortgage of 1865 and trustee under the funded
coupon agreement of 1879, to fill the vacancy occasioned by
the death of Oliver Ames.—V. 62, p. 908.
Central Pacific RR.—Protective Measures by Stock and
Bond Holders—As no arrangement has been made with the
United States Government regarding its claims against the
company, Speyer & Co , in c .-operation with their corrrespondents in England, Germany and Holland, propose to call
for a deposit of Central Pacific R tilroad bonds. This step, it
i3 stated, is not tiken because of any apprehension regarding
the company’s ability punctually to meet its obligations, as
heretofore, but because it is desired to secure effective repre
sentation of the holders, and thereby facilitate satisfactory
adjustment with the Government. Notice giving the con
ditions of deposit will be published shortly. It is understood
also that the shareholders’ London committee intends asking
the stockholders to deposit their shares in New York, London
and Amsterdam, with the view of securing proper repre
sentation and unity of action.
The company claims that its sinking fund assets which have
been heretofore sold by the Government, together with the
moneys reserved in the bond and interest account with the
Government, were more than sufficient to offset the amounts
owing for principal and interest of the subsidy bonds due to
and including January 1, 1897. The Government, how
ever, in March made a formal demand for §9,605,210, the
balance which it claims to be due and unpaid as of Jan. 1,
1897. The subsidy bonds still to mature are as follows : Cen
tral Pacific, $10,614,120 on Jan. 1, 1898; $9,197,000 on Jan. 1,
1899; Western Pacific, $1,650,560 on Jan. 1, 1899.
It is in view of this condition of affairs that it is thought
well for the security holders to unite and so place themselves
in a position to facilitate the consummation at an early day of
an amicable adjustment of the Government claims.—V . 64
p. 884, 897.
Central RR. o f New Jersey.—Official Statement as to
Floating Debt.— The New York “ Sun” on May 22 printed the
following letter from President J. Rogers Maxwell :
D ear Sib —Answering yours of to-day, I would say one of the oauses
of the decline In the price of our atook is the persistent attack on the
oompany in some of the dally papers and the repeated and misleading
statements of the floating debt of the Lehigh & Wilkesbarre Coal Co.,
In which oompaDy the Central RK. Co. of New Jersey is the principal
owner.
We deem it but right to make the following statement: The Lehigh
& Wilkesbarre Coal Co., excepting $375,000 borrowed money, has no
floating debt other than that due the Central RR. Co. of New Jersey.
The Central RR. Co. of New Jersey has $1,100,000 borrowed money.
The two companies have coal on hand, ooal accounts, cash In bank and
cash items in excess of both the above-named amounts.
We are suflering from the reduced volume of freight and ooal busi
ness oaused by the general business depression. Your roadway and
rolling stock are in good condition and capable of haudling a largely
increased business without any outlay of new oapltal. The net earn
ings of the year so far of the two companies taken together are in ex
cess of the same period last year, and if business improves later in the
year should show considerable gains. Yours respeotf ully,
J. R ogers Ma x w e l l , President.
N e w Y o bk , May 21,1897.
—V. 64, p. 706.
1041
general mortgage gold bonds of 1884, for protection of their
interests, to communicate with the company, stating the
amount of their respective holdings.—V. 64, p, 842.
Dry Dock East Broadway & Battery R R —Quarterly.—
Earnings for the quarter and the nine months ending March
31 have been reported as follows :
3 m os. en d .
M ar. 31—
Gross
ea rn in g s.
1S97..............$154,965
1898............ 170,129
9 m onths —
1896-7.......... $512,421
1895-6......... 553,798
N et
earn in g s.
Other
in com e.
In terest,
taxes, etc.
B a la n ce,
s u rp lu s.
$24,795
37,347
$23,982
4,511
$33,890
32,730
$14,886
9,128
$124,394
135,391
$29,288
10,765
$102,197
99,658
$51,485
46,498
In November, 1896, a dividend of 1% per cent, calling for
$18,000, was paid, and in February, 1897, paid
per cent,
but in May, 1897, no dividend was declared.—See V. 64, p. 848.
Duluth & Iron Range RR.—Dispute as to Land Grant.—
The land grant from the State of Minnesota was for about
506,000 acres, of which 201,790 acres have been patented. To
prevent the selection of the remaining acres the Legislature
at its recent session passed two bills, one forfeiting the gram
and the other appointing a commission to push the claims of
the State against the road. A suit to test the constitution
ality of the forfeiture bill has now been brought by a Chicago
capitalist, who holds $500,000 bonds of the company which
are secured on the land grant The State contends that the
road forfeited the grant because it did not comply with the
requirements of its contract with the State in regard to build
ing ils road. The company claims that it did comply with
the contract, alleging that the topography of the country was
responsible for the road not being built in as direct a line as
the State believes it should have been constructed.—V. 63, p.
228.
Erie R R .—Listing o f Extended Bonds.—The New York
Stock Exchange has listed the $2,482,000 New York & Erie
bonds, extended at 4 per cent till May 1,1947. Each old bond
is bound up with an engraved extension contract duly signed
by the officers of the Erie RR. Co., under its corporate seal.
The contract, after providing for the extension;till 1947 at 4
per cent interest, says :
This extension at the reduoed rate of interest is made and accepted
upon condition that payment of the principal and iuterest of suoh
bond, as extended, shall be made in United States gold coin of the
present standard of weight and lineness, without deduction for any
t<xes which the oompany may lawfully be required to retain there
from ; and the Erie Railroad Company covenants to make such pay
ment accordingly of interest as it acorues and of principal upon May l ,
1947. The security of said bond remains unimpaired, and no part
of this contraot shall be construed to afleot its priority or validity.—
-V. 64, p. 952.
Fourth Street & Arsenal Street Ry., St. Louis —Fore
closure Sale June 2 9 . — The date of the foreclosure sale has
been fixed for June 29. The sale will b9 made subject to the
first mortgage bonds for $50,000.—V. 64, p. 611.
Galveston La Porte & Houston R y.—Southern Pacific
Company.—Mr. Huntington’s lerm s Accepted.—A press dis
patch from Houston, Texas, says that Mr. Huntington’s offer of
$1,000,000 in guaranteed 4 per cent gold bonds for the Galves
ton La Porte & Houston Railway was accepted on Saturday
last at a meeting of a committee of the creditors.—V. 64,
p. 610, 889.
Georgia & Alabama Ry.—Eight Miles Extension.—An ex
tension of eight miles on the Fitzgerald branch to Ocilla has
been completed and will be put in operation June 1. The
new road opens up a timber section.—V. 64, p. 947.
Harriman & Northeastern R R .—Receiver Appointed.—
George W. Chandler has been made temporary receiver of
this road on petition of S. W. Murray and the Pittsburg Lo
comotive Works. Two coupons are now in default. The
road is 22 miles long, running from Harriman Junction to
Petros, Tenn., witli a branch from James Ferry to Iron Mines,
Tenn., 7 miles —V. 62, p. 40.
Kansas Central RR.—Sale Postponed.—The sale has been
postponed until June 15.—V. 64, p. 799.
Kansas City Pittsburg & Gulf R R.—Abstract o f Mortgage.
—An abstract of the Kansas City Pittsburg & Gulf mortgage
will be found on subsequent pages of this issue. The earn
ings of this road, which are reported from week to week in
the Chronicle, indicate a large and growing business,
which will be largely increased by the opening very shortly
of the line through to Port Arthur on the Gulf of Mexico.
The company’s first mortgage four per cent bonds will be listed
at once on the New York, Boston, London and Berlin Stock
Exchanges, They are already luted on the Philadelphia
Stock Exchange.—V. 64, p. 953.
Kansas City & Southwestern RR.—St. Lonis & San Fran
cisco R R .—Decree Value of Bonds.— The Kansas City &
Southwestern bonds of 1886 are entitled from the oroceeds of
foreclosure sale to receive the sum of $222 from Mister Com
mtssioner Dillon at the Central National Bank Building,
Topeka, Kansas.—V. 64, p. 567.
Kings County Elevated Ry.—Quarterly.—This road, which
is in the hands of a receiver, and about to be reorganized, ha*
just reported its earnings for the quarter and the six months
ending Dec. 31 as follows ;
Chickamauga] Coal & Coke.—Chattanooga & Durham RR.
—Reorganized Company.—The Chickamauga Coal & Coke,
which owns all of the Chattanooga & Durham RR., has made
a mortgage that is about to be filed, securing $400,000 of 6
per cent 20-year gold bonds, interest payable April 1 and Oct. 1
in New York. The bonds mature April 1, 1917, but are subject
to call for the sinking fund at par and interest. The mort
gage is secured on coal lands and other real estate and prop
erties at and near Chickamauga, Ga., including the Chatta
nooga & Durham RR. (all the bonds and capital stock of the
latter being deposited under this mortgage), &c. The Conti
nental Trust Co. N Y ,, is mortgage trustee.—V. 64, p. 706.
Colnmtins & Mocking ICoal & Iron Company—Receiver's
Certificates.—Receiver J. O. Moss, has been authorized to issue
receiver’s certificates for $85,000 in view of a contract with
the Philadelphia & Reading Coal & Iron Company to deliver
to them at West Superior 50,000 tons of coal. The proceeds
of the certificates, it is stated, will be used to pay miners’
wages and freight bills —Y. 64, p. 1000.
3 m os. end.
Oross
D ec. 31.
ea rn in g s.
Columbus Hocking Valley & Toledo RR.—Notice to 1896............ . $196,107
Holders o f General Mortgage Ss o f 1884-—The Knickerbocker 1895............ . 210,573
6 m onths.
Trust Co. of New York, as mortgage trustee, in place of John 1896............
. $347,538
H, Devereaux, resigned, requests holde s of the 6 per cent 1896............ . 382,722
Net
ea rn in gs.
Other
in com e.
$18,139
80,957
$4,142
3,293
$85,570
132,163
$8,244
6,555
In terest ,
taxes , die.
$96,285
88,918
$192,077
179,809
B a la n ce ,
d eficit.
$34,004
4,668
$98,263
41,091
THE CHRONICLE
1042
Uu.li* and bill* Humble Dee, 31,1880, $317,000; interest on
bona* .sue
accrued,§1®8,010; accrued taxes. $164,411; due
f,,r «!,.<> ami (supplies $80,888; due on open account#, §29,888.
e u on band, #43,351; open accounts receivable, $147,943.—
Y . 04, p, 70S.
l ake Shore if M ichigan S m th ern R E .—Q uarterly—M m |C- » for the quarter ending March 81 wore;
[ Von, LXIV
New Y ork Central & Hudson R iver R R .—New Mortgage
Authoriz’d. - A t Albany on May 36 the new $100,000,000 re
funding mortgage was duly authorized by a vote of $70,069,300
o f the com pany’s $100,000,000 o f capital stock.— V. 61, p. 1001,
New York New Haven & H artford R R ,—Favorable Deei
stem in Bridgeport Grade-Crossing Cam.— At New H aven,
Conn., May 26, the Connecticut Supreme Court handed down
a decision sustaining the lower court in its finding against E.
In
terest,
B
a
lan
ce,
3
-Vf'
i m « , etc,
su rp lu s. J. M ooney, w ho sought to restrain the city of Bridgeport
Mar 31.
i«.,7 __ u,7 4_ - 1 7 7 sx.-m.ae7 $83,010 $1,118,010 $778,267 from paying its share—about 16 per cent—under the contract
850,350 with the com pany for four-tracking Its lines through that
lS!,S;......... 8.040,970 1,364,368 1)8,713 1,103,718
Dividend* of 8 per cent (amounting to $1,188,995) are paid city. The proposed improvement, which will cost about
each February and August. Report for the year 1896 was $3,500,000, it is understood, can now be proceeded with when
ever the com pany is so disposed.
riven in C hronicle of May 8.— V. 64, p, 1001,
Electric Lina Opened.—The new electric railway between
Lehigh Valley RK .—Karnxnge in New York State.—'The H artford and New Britain was opened to the public on Mon
lift, s in New York Stale now include : Lehigh Valley in New day, 3,287 passengers being carried on the opening day. The
Y, rs, -‘-,i miles: Lehigh & New Y ork (form erly Southern cars were run regularly at half-hour intervals, covering the
O m n iL . 115 miles; Rochester Southern, 89 miles; Elmira ten miles in twenty minutes, The time in transit it is thought
O r (land & North, (since Feb. 20, 1896), 189 miles, and Mid- will soon be reduced to fifteen minutes, the electric trains at
, i l , - s Valley (since D ec., 1895), 80 miles; total, 597 miles. present using only one of the tw o tracks, a turnout m idway
Earnings for the quarter and the nine months ending March perm itting the trains bound in opposite directions to pass,—
3 1 have been reported as follow s ;
V . Cl, p. 953.
mm. mti. Gnus*
tmrHititJ*. tarpings.
Marchending
31 —
3 months
Gross
earntnijt.
Net
earnings.
Interest,
laics,
etc.
Balance,
surplus.
229,613
27,196
$303,764
695,330
$865,858
$323,340
$267,506
$55,831
$1,669,622
3,371,622 1,234,756
11*07.........................$1,1*20,576
1SH0............................ 1,101,246
IS9ormnnlAs—
7 ........................$1,399,941
1393-6
. .............
—V. 64, p. 754,
Other
income,
256,809
588,926
L ou isv ille E van sville & St. Louis C on solidated R R .— Old
Receivers' Certificates to be paid June I ,— All receivers’ cer
tifica te, whether due or not, issued by E O, H opkias and
James J. Wilson, form er receivers, w ill be paid on and after
Jane 1, 1897, at the National Bank, Evansville, Ind., and
the Fidelity Trust & Safety Vault Company, Louisville, K y .
In March, 1897, receivers’ certificates for §834,570 were author
ised, of which §280,000 were to retire these old receivers’ certi
ficates now to be paid, $10,000 for 100 new cars and §4,500 for
interest on Venice & Carondeiet bonds.—V . 64, p. 799.
M etropolitan Street Ry.— Central C rosstow n ItR. (New
York l i l y .)—Transfer Arrangements Changed.—Since the
Metropolitan got control o f the Central Crosstown Line, the
Third Avenue Railroad has been inform ed that its transfer
arrangements with the Crosstown line w ill be abrogated on
June 22.—V. 64, p. 1001.
M ilw aukee Renton H arbor & Colum bus — St. Joseph
VaU ey— The first-named company, which is a reorganization
of tb- St. Joseph Valley, proposes to build a road from B jn t at Harbor, Mich., to Nappanee, In d The old St. Joseph
Valley, -xt.-nding from Bucnanaa to Berrien Springs, Mich.,
15) j mil, b, is being rebuilt, and work is in progress on an ex
tension from Berrien Springs to Benton Harbor, 16 miles. A ,
A . Patterson, Jr., Benton Harbor, Mieb., Is President.
N orth ern P a cific. R y .—Bonds Called,— In our advertising
colum ns are published the numbers of 882 Northern Pacific
general first mortgage bonds called for payment, interest
ceasing July 1.—V . 64, p, 848.
Omaha M in n ea p olis & B u ffalo R R .—M ortgage fo r $15,000,000 Filed.— A $15,000,000 m ortgage has been filed at
Omaha by the Omaha Minneapolis & Buff tlo R R Co. o f N eb
raska to the Missouri Kansas & Texas Trust Co., as trustee.
The line is projected to run from Omaha northeasterly
through Iow a and Minnesota, and also to Buffalo, N. Y ,, by
w ay of Southern Canada, form ing northern and eastern
connections for the Kansas City Pittsburg & Gulf RR.
O regon Im p rovem en t Com pany,— Am y Committee Offers
to Cash First Mortgage Coupons.—The A m y Committee
gives notice that holders o f first mortgage bonds who deposit
the same on or before June 15, 1897, under the agreement
dated Nov. 18, 1890, w ill receive from the committee cash for
the coupon maturing June 1, 1897, attached to such bonds,
The offer o f the W aterbury Committee to cash the first m ort
gage coupons was mentioned last w eek.— V. 64, p. 1000.
Oregon S h ort Line R R .—New Securities.—The m ortgage
securing the B Incom e bonds having been authorized by the
new com pany and the trust accepted by the State Trust Co.,
the securities of the reorganized com pany, the Oregon Short
Line RR. Co., w ill be issued as sjo n as the legal formalities in
connection with the recording o f the m ortgage can be per
fected.— V . 64, p. 841.
P eop le’ s R a ilw a y (St. Louis).— To be Sold June 39.— The
Court has ordered the foreclosure sale o f this road for June
29 next. The property is know n as the Fourth Street Cable
M issouri P acific Ry.—St. Louis Ir o n M onntain & Southern Line.—V . 64, p. 611.
R j ,— Payment o f Cairo Arkansas <i* Texas Bonds due June 1,
P ittsb u rg Bessem er & Lake E rie R R .—New Equipment.
— A« already announced the $1,450,000 first mortgage bonds
of the Cairo Arkansas & Texas R d lw a y Co,, maturing on —This com pany has ordered 600 fifty-ton steel cars and ten
June 1st next, will be paid in cash on and after that date at large locomotives. The old road-bed has been largely recon
structed so that the new line w ill have grades that will permit
the office o f the Mercantile Trust Co.
Luting of Extended Iron Mt. Bonds.— The New Y ork o f heavy train loads. It is expected to have the road in oper
Stock Exchange has listed the 84.000,000 first mortgage of ation from the Carnegie works near Pittsburg to Conneaut
the St. L mi* & Iron Mountain RR. Co., dated August 1, 1867 harbor on Lake Erie by the middle o f August.— Y. 84, p. 800,
{Farmers' Loan & Trust C o „ trustee), which fell due .May 1,
P eoria D ecatur <6 E v a n sv ille R R .— R eorganization Plan.
1897, and have been extended to the first day of May, 1947, —F irst M ortgage Coupons.—The committee, consisting o f
at A'-f per cent per annum, the coupons being payable in Moses L. Sounder, Charles S. Fairchild. JenkinsV an Sohaick,
February and August. The first coupon, due August 1, 1897, R . Suydam Grant and W illiam H. Payne, has prepared a
is for three months interest only. The original bonds are plan for the reorganization o f the com pany. Copies of the
bound in with the extension contracts and new coupon plan can be obtained from the New Y ork Security & Trust
sheets. The extension contract provides that the bonds may Co., 46 W all Street. Holders o f first m ortgage bonds are in
be retired by he com pany on six months’ notice at 105 and vited to deposit the same and to receive an advance o f $25 in
interest. The statement to the Exchange sa ys:
cash for one past due coupon and thereafter $35 for each ma
The j.refHU-ij- revered by this mortgage la tlie railroad and fraa- turing coupon, being in effect 5 per cent per annum until the
located in Hie state of Missouri, extending from 8t. Louis to new bonds begin to draw interest. If the plan is declared in
Pilot Knob; Iil-o till- Itnineli from Mineral Point to Potoai. and from
Bisuiarrk to Jit Inumt. it, all about 2 1 0 miles, together with the lauds, operative the first mortgage bonds can be withdrawn without
building* nod other property belonging to this company.
charge.
—V. 64, p, 848, 80U, 708.
The P lan .—The chief feature o f the plan is that the first
Kansan E lectric RR. (B rook ly n , N. Y.)—Quarterly.— m ortgage bondholders are asked to consent to a reduction of
Earning, for the quarter ending March 31, 1897, have been interest from six to five per cent, exchanging their bonds fo r a
reported as follows. The lines of the A tlantic Avenue R R ., new first m ortgage bond bearing that rate of interest in con
including Brooklyn Bath & West End, were leased in April, sideration o f the second mortgage bondholders and stock
holders contributing in cash $548,000 for the payment o f past189*1, and their results are included below:
due interest on the firsts, the receiver’s debts and for im
Other
Interest, Balance,
189(497—
e,
talcs, etc. surplus. proving the property at a cost o f $280,000.
The operation of the property under the receiver for the
3 SJn*. to M»r, 31, $331,539 $112,408 $30,730 $142,771
$373
3 too*, to Dec. 31.
3117,782 130.417 17,300
145.806 1,911 three past years show s the small average deficiency o f $795
3 too®, to .Hept, 80* 551,170 242,088 18,656
177,868 82,876 per annum below interest on the first mortgages at 6 per
T"'"*
'»!, 81,263,491 $451,018 $60,392 $466,145 $85,160 cent, but net earnings have been m ore than sufficient to meet
the interest payments called for under the reorganization
The ix months ending March 81 are o f course the poorest jilan.
bolt of U>. y ar. No full comparison with the corresponding
The road is 238 miles long and runs from Evansville to
periods o f Inst year in possible, ae the A ilantic Avenue lines Pekin, The first m ortgage bonds are n ow divided—$1,287,■''***?>d till April, 1896, For the nine months o f 000 are secured on the Peoria division, 110 miles long, and
however, the. combined gross earnings o f the three $1,470,000 on the Evansville division, 128 miles long. It is
roads above mentioned were $1,044,067. Th<- increase for the proposed to create a new mortgage for $8,000,000, covering
currm t your is therefore over 8200,000. This result is con- the entire line and the interest of the corapiny in the Peoria
stdvrrd vi ry mi-dac ory. and, with warm weather, earnings Terminal, and to make the new bonds run forty years, where
arc a p e i t 4 to show a grow ing surplus over all charges, A as the old divisional bonds expire in 1920.
tii.xp of ti ■ company * hues will be found in the current issue
I f the firsts will not accept this proposition the alternative
o f the M»-.n i R a il w a y S upplrmknt,— V, 04, p, 798,
is foreclosure of the first mortgages, a suspension o f interest
Gross earnings.
Srel
earnings,
meant
MAY 29 1897. |
THE CHRONICLE.
1048
for some time and finally raising the money to put the prop since December, 1896. It is estimated that about $100,000 is
needed to put the road in operation. There are $100,000 of
erty in order.
The new securities proposed are as follows:
bonds authorized bnt none sold, though some are held by the
contractors.
F irst m ortga ge 5 per cent 40-year gold bonds.......................... $3,000,000
Of which In erobange for o d divisional firsts.......................
2,757,000
Sunbury & Erie R R.—Pennsylvania R R .—Offer to Pur
To acquire Peoria & Pefcin Union stoch....................................
243,000
chase Bonds Due Oct. 1, 1897.—The Pennsylvania RR. Co.
T em p o ra ry secon d m ortgage, due in twenty years bnt subj eot
to call when drawn by lot.......................................................
500,000 gives notice that from June 1 until July 1 it will purchase
Of which for scoond mortgage bondholders’ subscription..
417,600 at $1,022 50 per bond the Sunbury & Erie first mortgage
In treasury.....................
82,400 sevens maturing Oct, 1, 1897.—Y. 64, p. 465, 470.
P re fe r r e d stock, 5 per cent non-oumulative............................... 2,550,000
Sunbury & Lewistown R y.—Bonds Listed.—The New
Cf which for old seoond mortgage bonds...............................
2 ,088,000
“
“
“ “
“
“
subscription............ .
4x7,600 York Stock Exchange has listed $500,000 of this company’s
In treasury....................................................................................
44,400 authorized issue of $600,000 first mortgage 4 per cent gold
3,500,000 bonds of 1896, due July 1, 1936. The mortgage covers spe
■Common stock ...................
Of which for seoond mortgage subscription..........................
1 ,670,400 cifically the road from Lewistown, Pa., to Selins Grove Junc
“
“
“ common stock subscription.................................
1 ,680,000
•In treasury............................
149,600 tion, Pa., 4 3 miles. The underlying mortgages have been
To provide the cash required, the second mortgage bond satisfied of record. The bonds are payable, principal
holders (amount outstanding $2,088,000) are expected to con and interest, tax free. The earnings are reported as follows:
Gross.
N et.
Oth. l n e . I n i ., etc.
B a l. Sur.
tribute $200 per bond in five monthly instalments. For each Y ear.
$98,143
$19,734
$32,467
$85,410
$1,000 of this cash contribution they are to receive : $1,000 1896...................$414,885
—V. 63, p. 561.
temporary mortgage bond; $1,000 new preferred stock, and
Supreme Court Decisions.—Inter-State Commerce Com
$4,000 new common stock. In addition to this there is to be
given $2,088,000 new preferred stock in exchange for the old mission have no Power to Make Rates.—Several cases involv
ing the construction of parts of the Inter-State Commerce
second mortgage bonds.
Holders of common stock in the new company (amount law were decided in the Supreme Ccurt this week. The most
outstanding $8,400,000) are to be allowed to acquire stock in important was that of the Inter-State Commerce Commission
the new company to the extent of one-fifth of their present vs. the Cincinnati New Orleans & Texas Pacific Railroad
Company and others upon a question asked by the Court of
holdings on paying $7 50 per share of the new stock.
As an inducement to the first mortgage bondholders to Appeals for the Sixth Circuit, viz., “ Has the Inter-State
deposit their bonds under this agreement, the committee Commerce Commission power to fix rates,” The question
proposes to advance to each bondholder $25 on each past-due was answered by the Court, said Justice Brewer, in the opin
coupon or maturing coupon until the new 5 per cent bonds ion announcing the judgment, in the case to which the Com
begin to draw interest, in order that the first mortgage bond mission and the Cincinnati Southern Railway Company were
holders may receive interest past due at once and interest parties last year, when the Court said: “ We do not find any
provision of the act that expressly, or by necessary implica
during reorganization on regular interest payment days.
The terms of exchange of old for new securities will there tion, confers such a power.”
A fuller report and a review of the decision will be found in
fore be as follows :
--------------- Wrim Receive--------------- . our editorial department.
.— Old Securities is — .P a y in g
N e w is t
P r e f.
C on.
Taxation of Bonds In Pennsylvania.—New York Susque
amounts as follow' s. Asse**. Cash, 31. j s .
2 d If.
Stk.
Stk.
1st mort., ♦1,000 ...........None. t$25 $1,000
........................................ hanna <S Western R R .—Recent Ruling.—Auditor-General
2d mort., $5,000.............. 20%
..................... $1,000 $6,000 $4,000 Mylin of Pennsylvania has ruled in the case of the New York
Common stook, $500.......$7 50
.....................................................
100 Susquehanna & Western that the Treasurer of the company
shall hereafter take it for granted that all the bonds of the
t For each ooupon pending reorganization.
company are held in Pennsylvania unless he can prove other
See also advertisement in another column.—V. 64, p. 664.
wise. A circular setting forth the necessity of getting informa
Reading Company—Philadelphia & Reading Coal & Tron. tion as to the residence of bondholders has therefore been sent
— Payment o f Coal Company Bonds June 1.—The $739,000 out by Treasurer Moore. Heretofore it has been the custom
bonds of the Coal & Iron Company maturing June 1, 1897, to collect the Pennsylvania tax on coupons only from bonds
secured upon lands known as the Reed tract, W ood estate, known to be held in that State, returning the rest as “ resi
Hartman & Meyer, &c., tract, Forbes & Delano, &c., tract, dence unknown.” The company owns in fee but very little
will be paid at maturity either by J. P. Morgan & Co., New mileage in the State of Pennsylvania.—Y. 64, p. 664.
York, or Drexel & Co., Philadelphia.—V. 64, p. 955.
Terre Dante & Logansport R R .—Interest Payment.—M.
Richmond Traction.— 'Results Since Opening.—The Rich L. Scudder, chairman of the First Mortgage Bondholders’
mond Traction Co. has just issued an approximate statement Committee gives notice to the holders of New York Security
of its operations for the first eleven months of its existence, & Trust Company certificates for first mortgage bonds that
or say from date of the opening of its first section, June 20th, they have collected the interest which fell due on said bonds
1896, to May 31st, 1897, showing gross earnings of $108,001; last January, with interest thereon to May 24, teing $30 72
operating expenses, taxes and accident insurance, $70,000; for each coupon, which can be collected at the New York
net earnings, $36,000. Interest on outstanding bonds June Security & Trust Company.—V. 64, p. 467.
30tb, 1896, to May 31st, 1897, $18,000. Surplus earnings (ap
Union Pacific R y.—Western Union.—Telegraph Arrange
plicable to slock), $18,000. The company completed and ment to End Sept. 1.—Judge Munger, in the United States
began the operation of its entire system April 10th, 1897, and Court at Omaha, on May 24, ordered that the ariangement by
during the period above referred to the company had only which the Western Union Company has had exclusive tele
about 75 per cent on an average of its mileage in operation. graph privileges along the railroad lines o f the Union Pacific
That the company should have earned full interest charges system must cease Sept. 1. Judge Munger suggested that the
and also a dividend at the rate of over 6 per cent on its capital question of adjusting the property rights of the two corpora
stock under these circumstances is regarded as most promis tions would be brought before Judge Cornish, special master
ing.—V. 61, p. 1179.
in chancery in the Union Pacific case. The decision of the
Saginaw Consolidated Street R y.—Union Street R y.— United States Supreme Court, which led up to the present
Receiv r Appointed.—At Saginaw, Mich., May 22, Homer order, was cited in the Chronicle of Nov. 30, 1895, page 968;
Loring of Newton, Mass., was appointed receiver of these see also p. 926.— V. 64, p. 1002, 758.
companies.—V. 64, p, 954.
Union Railway (N. Y. City).— Quarterly— Earnings for
St. Lonls & San Francisco R R .—Old Receivers Held Liable the quarter and the nine months ending March 31 were:
for Branch Line Rentals.—At St. Louis, May 24, Judges San 3 m os. en d .
C ross
H et
Other
In terest,
B a la n ce,
M ar. 31.
ea rn in g s.
ea rn in g s
in com e,
taxes, etc.
su r. o r d ef.
born and Thayer, in the U. S. Circuit Court of Appeals, af
$30,995
*83
$34,029
def.$2,951
1897............... $111,194
firmed the decree of the lower court holding the receivers of 1896...............
102,370
28,036
249
29,287
def.1,002
the old company under the contracts with the branch lines
9 mos.
liable for the rentals accruing during the receivership. The 1896 7 ............ $393,613
$157,968
$582
$100,820 sur.$57,730
118,628
1,166
93,676
Bur.26,118
amount involved is $225,000, which was deposited with the 1895-6............ 349,741
Trust Company by the Reorganization Committee pending a —V. 64, p. 182.
United
States
R
ubber.—New
President.—At
the
annual
settlement of the suit. Two of the branch lines waived the
claim when they were taken into the reorganized company, meeting on Wednesday R. D. Evans declined re-election and
and the amount named above goes to the Kansas Midland nominated F. M. Sheppard, who was unanimously elected.
and the St. Louis Kansas & Southwestern companies, the The other officers elected were: Vice-president, James B.
two branch lines which were not taken over by the Frisco.— Ford; Treasurer, Charles R.]Flint; Assistant Treasurer: H. M.
Sadler, jr .; Secretary, Samuel P. Colt, of Providence; Execu
V. 64, p. 567.
tive Committee: F. M, Sheppard. James B. Ford, Charles R.
South Brooklyn Railroad & Terminal Company.—Judg Flint, Samuel P. Colt, Henry L. Hotchkiss, of New Haven,
ment Entered for $G0,767.—Judgment for $60,767 was entered and M. C. Martin, of New Brunswick, N. J.—V. 64, p. 1002.
Tuesday against this company, of which John W. Ambrose
Western Gas Co. (M ilwaukee).- Securities Listed.—The
is President, in favor of W. Bayard Cutting. The claim is
for $11,824, advanced Sept. 10, 1891, and the balance is on New York Stock Exchange has listed $3,805,500 of this com
pany’s first mortgage collateral trust 5 per cent gold bonds of
eleven notes made between Feb. 9, 1892, and May 3, 1894.
The company is a
Springfield (Vt.) Electric R y.—Town Offers Stock Bonus. 1933 and also its $4,000,000 capital stock.
At a special town meeting the town of Springfield, Vt., on New York corporation owning the entire capital stock of the
May 22, voted to give its $30,000 worth of stock in the un Milwaukee Gas Light Co., which last is free from incum
completed Springfield Electric Railway to any responsible brance.
Wilmington Newbern & Norfolk Ry .—Foreclosure Sale
party who will complete the road and put it in running con
dition. Of the $120,000 capital stock only $53,300 has been Ordered.—Judge Simonton, at Raleigh, N. C., May 28, or
paid in, and of this amount this town paid $30,000. The road dered the foreclosure sale of this road, the date of sale to be
has built about 5 miles f track but no work has been done fixed later.—V. 64, p. 568.
I HE CHRONICLE.
1IM4
[V ol. LX1V.
in the manner provide.! In said deed of trust. The stockholders ot this
Company arc not to ho held individually liable on tills bond or in
respect thereto.
This Company hereby waives the benefit ot any extension, redemp
tion, State or appraisement laws now existing or that may hereafter
be passed in any State or Territory where any portion ol' the said
K A N S A S C I T Y P I T T S B U R G & G U L F R R . C O . property is or may ho situated.
This bond Is to he valid only when authenticated by a certificate
endorsed hereon, signed by the said Trustees, to the effect that It Is
utwn:
r m f ir s t m o k r o a g e , d a t e d APRIL t. one of the bonds properly issued under the said deed of trust.
This bond shall pass by delivery, unless registered in the name o f the
i S K
TH IN G 5 PER CENT GOLD BONDS
owner ou the books of the Company In. said city o f New York. After
registration
of ownership certitlod hereon ot* hereto by the proper
DDE A P R IL 1, 1'.)*:.
registrar, agiifij or officer of the said Railroad Company, no transfer
except, oil the books Of the Company shill bo valid unless the last
preceding transfer shall have been to bearer, which shall restore
PARTIES.
i l aueferability by delivery; but tills bond shall be continued subject to
Tit. K
v- c it y P ittsburg & G ulf R ailroad C om - successive registrations and transfers to hearer as aforesaid,'at the
option o f each holder.
i 4 v ..lY-jiit/,!.-1 under the laws o f Missouri, and herein
IN Witness W hebsof , the said Company has caused its corporate
called ** The C om punv", party* o f the first, part, and the
name to bo hereto signed by Its President nod its corporate seal to lie
Msk- . cri K a' sas a 'T exas T rust C om pan y , o f Kansas hereto affixed aud attested by Its Secretary, this first dttv of April,
C.: • Mi-x.uri, and Tut: State T rust C om pany , o f New eighteen hundred and ninety-three, and tlie annexed coupons to be
signature of its Treasurer.
Y ork, hereinafter, for brevity, called “ Trustees” , parties o f executed with the engraved
R e p o r t s a u d D o c u m e n ts.
fac simile
K ansas C ity P ittsbuiio
tit.- second part, ami holders o f the bonds hereinafter de
nlitul, parties o f the third part.
HIS AMPLE—DESCRIPTION OF BONDS.
Attest.
' W ukkkvs. the Company, for the purpose o f m eeting the
o.xpetise o f the com pletion, construction, repair and equip
ment o f its line o f road and branches, and the purchase
an i a •.jui-Uioti o f the stocks and first m ortgage bonds o f
other railroad com panies, if necessary to maintain said road
or any part thereof, has resolved to issue its bonds to an
amount not exceeding $25,000 p er mile o f com pleted single
main tra* -k and o f yard aud terminal tracks, and §15,000 addi
tional per mile o f parallel com pleted main or double track
of -aiu lure <•( railroad or railroads, its extensions and
branches, not to exceed at- a n y tim e the capital stock of
said Com pany, except as authorized by the law s o f the State
of MU.-niri. All o f the said bonds to be dated April 1, 1893,
aud to be payable in gold coin o f the U nited States of
Am erica, o f the present standard o f w eight and fineness, at
the Company's office, or the agency in the c ity o f New York,
on the first day o f April, 1933, o f the denom ination o f $1,000
each, negotiable in form , and to pass by delivery unless
registered, as specified in said bonds ; to bear interest at the
rate of ■>per cent pier annum, payable semi-annually in like
gold coin : and to have interest coupons attached, executed
by the fa r simve signature o f the Treasurer, the said cou
pons to he payable at the agen cy o f said Com pany in New
York on the first days o f A pril and O ctober in each year.
Said bonds to be num bered consecutively from one to the
highest number thereof issued, and all to be ratably secured
by said devil o f trust or m ortgage, w ith ou t discrim ination
or preference in respect to the tim e or tim es o f their Issue
■ in any other manner w h a ts o e v e r a n d ,
W hereas , the stockholders and directors o f the company
have duly authorized the making of this mortgage to secure
the bonds above described, said bonds to be o f the follow in g
fo r m :
No.
FORM O F BOND,
UNITED STATES OF AMERICA.
$1,000.
T u tiu r Y eah F irst Moktgaoe F iv e P e r C ent G old Bond
of the
JTA.VS.lg C IT T PIT T SB U U O <f O U L F R A I L R O A D UO.
For value received, on the first day of April, ono thousand nine
hundred and twenty-three {1st of April, 1923,1 the Kansas City Pitts
burg A Gulf Railroad Company, a corporation created and existing
under tii' laws of tbe State of Missouri, promises to pay one thousand
dollars (gl ,00O) in gold coin of the United States ot or equal to the
present standard of weight and fineness to the holder of thus bond, or
so caw same be registered, then to the registered holder thereof, at
its financial agency iti the city of New York, State of New York, toin. t with interest thereon at the rate of five per cent per annum In
like gold coin w.mi aumiuily, ou the first days of the months of April
»n»J October in each year, after tour years from date thereof, on de
livery and presentation of the annexed coupons, aud for the first four
year*, vl?.,: From date hereof to April first, eighteen hundred and
ninety ., ven, inclusive, wilt pay to said holder semi-annually on the
first days ..f a p il and October of each year of said four years, in like
cuid i *>tn, interest
the rate of live per cent per annum', as sot forth
in voiiumm hereto anuexed, from the not earnings only of said com
pany for The six month* next preceding next first days of April and
octet., r , - p r e i f i e d in deed of trust hereinafter referred to, provided
La- Mild net earning* shall be sufficient to make such paylacnt to tin*
ho.<!.:?« ,.f the .fries of bonds of Yvtileh tills is on e; but if not sufficient.
’ t h I'te i ai i equally to each ol the holders of said bonds the whole of
: va-iuny- ay way of interest; hut said income interest shall not
arrinmnateon -aid Income coupons for the benefit of the holders
, r.ni, „ u t , ii-'.ii (,f the -ante shall, when it matures, and on payment
amount due th, t e n , us apetilfigd in this bond and salil deed o f trust,
irfduiircrr■! up to aid company and canceled.
:it
Tie, bond i one of a «rrii
bonds of like amount, tenor and effect,
nun,acred jyum one to the highest number issued thereof, with like
it equally o f each and all o f gaid bond*, together with the
'■u. without reference to the date of issue or negotiation
>)o i n t e r e s t h e paid before actually issued and negoucd try a deed of trust or e van date herewith conveying
I Kan-.i« A Texas Trust Company or Kansas City, Mia■ mate Tru-t com pany of New York, in trust for the
i bonds and coupons, all of the property Of said Company,
^uj»!
of ©vwy kind, eiianicter mul dc&oription.
ranelil ••. am: In Whatever State or Territory situated,
d l>y said Company, or which may hereafter be
l
' 'te deed o f trust to which reference is hereby
mixwl,
' f
►nd. ate u» lie certified and Usued only in such amounts
(■amount of the j.sue vnt-tandiug at any one time shall
" ra*"
twenty five thousand dollars per miie of si an in,
-Sf and equipped,
more fully specified in said deed of
ii reference is hereby made.
(lit la- made in the payment of any semi-annual lustai■;i « , tills bond when the same shall become due and be
d If the same shall remain unpaid for-eix months after
,ce principal of this bonu’ shajf hcrome Ip10 and payable
&
G o l f R a il r o a d C o .,
By
President.
Secretary.
F O R M O F C O U F O X P A Y A B L E O K O R .VI T E K O C T O B E R 1 , 1 8 9 7 .
The Kansas City Pittsburg & Gulf Railroad Company Yvill pay the
bearer, at its financial agency in the city of New York, twenty-five
dollars ($25) in United States Gold Coin ou the first day of ..................
................... being six months' interest then due on Its First Mortgage
Gold Bond N o..................
Dated this first, ot day April, 1803.
------Treasurer,
Note .—Prior to October 1,1897. the coupons were payable only it
earned.
T rustees ’ C ert ific a te to b e E n d o r se d .
The within bond is hereby certified to be one of the bonds issued
under the deed o f trust ot the said Kansas City Pittsburg
Gulf Rail
road Company to the undersigned Trustees, dated April 1st, 1893.
&
M issouri K ansas a T lx as T rust Co m p a n y ,
By
T
he
Trustee.
President.
State T
ru st
By
Co
m pan y
,
Trustee.
President.
PROPERTY COVERED.
N o w , THEREFORE, THIS INDENTURE WITNESSETH : That the
Com pany, in consideration o f the premises and o f one dollar
( $ 1 0 0 ), e tc., etc., by these presents does transfer u n to the
Trustees all and singular its said line o f railroad, con stru ct
ed or hereafter constructed or acquired as follow s :
LIKE CONSTRUCTED AND TO BE CONSTRUCTED.
Kansas City, Mo., southerly to a point at or near Fort Smith, Ind. T Also all other lines that may be built, by the Company in the States
of Missouri, Kansas, Arkansas and in Indian Territory.
Also all interest which the Company may obtain by acquisition of
stock and bonds of other railroad companies or by construction, pur
chase or leaso o f the continuation of said line from Fort Smith, pass
ing through the States of Arkansas, Texas and Lonisana via Shreve
port to Sabine Pass aud to any other point on or near the Gulf of
Mexico.
Also any other lines in the States of Arkansas, Texas aud Louidana.
The total length of the various lines projected being 1,000 miles.
[The above statem ent is condensed from the m ortgage,
w hich was draw n when on ly a sm all portion o f the road had
been constructed.
The com pleted road July 1, 1897, covered b y the m ortgage
w ill be as follow s:
ROAD OWNED AND COVERED BY MORTOAOE JULY 1, 1897.
M ile s .
Grandview, Mo., a point 23 miles south from Kansas City, in un
broken line, to Port Arthur, Texas, on the Gulf of M exico........ 765
De Quincy to Lake Charles, La............................................................
21
from Grandview, Mo., over tko Kansas City Osceola &
Southern Railway to the Kaunas City terminals of the Kansas
City Suburban Belt Railway Company..........................................
23
Trackage
Total mileage covered by mortgage {exclusive of trackage)...
786
To conform w ith State laws, portions o f the road have
been built a n i are owned under the title o f the Texarkana &
Fort Sm ith R ailw ay Com pany and the Kansas City Shreveport
& G ulf Railroad Company. The stock and bonds o f these
subsidiary com panies, how ever, being pledged to secure the
bonds o f the Kansas City Pittsburg & G u lf Railroad C om
pany, as provided in the m ortgage, the latter bonds possess
a first lien on the entire line as above described. — E d ,]
A lso all rights-of-w ay, depot grounds and other lands, all
tracks, bridges, stations, freight-houses and shops, and all
other structures and buildings now held or hereafter a c
quired in either o f said States o f Missouri, Kansas, Arkansas,
Texas and Louisiana, or in said Indian Territory, for use in
the construction, m aintenance or operation o f the above
m entioned lines o f railroad. Also all locom otives, rollingstock and equipm ent w hatsoever, and all m ach in ery, tools
and im plements, an d all fuel, supplies and m aterials n ow or
h ereafter acquired in con n ection therew ith.
A n d all the capital stock and bonds o f an y other rail
road com pany w hich the said party o f the first part m ay
hereafter acquire or ow n, Avhose lines o f railroad either form
a part, o f said main line, or an y extension, continuation or
branch thereof, in the said States o f Missouri, Kansas,
Arkansas, Texas, Louisiana and said Indian Territory.
A nd all revenues arising from said railroads and premises ;
and all rights and exem ptions, aud all corporate and other
franchises n ow ow ned or hereafter acquired relating to the
said main line o f railroad, its extensions, continuations and
branches. Also all leases and traffic contracts, e tc., etc.
May 29, 1897,]
THE
C H R O N IC L E ,
ISSUE OP 80ND9 SHALL NOT EXCEED $25,000 PER MILE OF
COMPLETED MAIN LINE OR TERMINAL TRACKS
AND $15,000 PER MILE OP SECOND
TRACK—OTHER PROVISIONS.
A rtic le F ir st .—The bonds shall be certified by the Trustees
to the extent of not to exceed at the date of any certifica
tion §25.000 per mile for each completed single main track
and for each mile of yard or terminal tracks, and §15,000
per mile additional for each mile of parallel completed main
or double track of the said line of railroad of the company
theretofore completed and equipped, or by it theretofore
purchased or acquired or leased, and completed and
equipped.
The Trustees shall also certify bonds to an amount
not to exceed §25,000 per mile for each completed single
main, yard and terminal tracks, and §15,000 per mile for
each mile of parallel completed main or double track, as
aforesaid, of any railroad company of said main line, its ex
tensions or branches, the stock and first mortgage bonds of
which may before or at the date of said certification be
owned or possessed by said party of the first part, and which
shall have been transferred and delivered to said Trustees as
security for the payment of all the bonds certified here
under.
LIMITATIONS REGARDING ISSUE OF BONDS UPON BASIS OF
8TOCKS AND BONDS DEPOSITED.—OTHER PROVISIONS.
But in no such case shall the said bonds so certified
upon the basis of such stocks and bonds of any other
railroad company exceed §25,000 per mile of completed
single main track of such railroad companies, and §15,000
additional per mile of completed main double track, as
hereinbefore recited; nor exceed in the aggregate per
mile the first mortgage bonds of such other railroad com
pany so transferred to said Trustees as security. Nor shall
the bonds so certified exceed at the time of certification the
authorized capital of the Company, party of the first part,
except as authorized by the laws of the State of Missouri.
A n d p r o v i led, fu rth er, that whenever bonds are certified
hereunder, upon the basis of ownership of the stock and
bonds of other railroad companies, the Company shall at the
date of such certification own and have transferred to the
Trustees as security at least a majority of the first mortgage
bonds theretofore issued by said other railroad companies;
and also, as like security, such amount of their capital stock
as may be sufficient to control such other companies.
A n d p ro v id ed , fu r th e r , that in the issuance of bonds here
under upon the basis of the mileage of leased lines no
greater amount of bonds shall be issued than the Company
shall have expended in cash in the construction or equip
ment. or both, of said leased lines or portion thereof.
VERIFIED STATEMENTS REQUIRED BEFORE BONDS SHALL
BE CERTIFIED.
It shall be the duty of said Trustees, upon the request of
the directors or the executive committee thereof of the
Company, to deliver the foregoing bonds in the manner
hereinbefore provided, upon being furnished with a state
ment and request of the Company in writing and under its
seal, with the certificate of the President (or Vice-President)
and Chief Engineer that such statement is true. Such
statements shall give the amount of miles theretofore con
structed, acquired or leased, and in the case of issuance and
certification of bonds on the basis of stocks and bonds of
other railroads, also the number of miles of road of such
other company theretofore conveyed and mortgaged as
security for the payment of such first mortgage bonds of
such other company. Said statement shall also contain
such other recitals of facts as may from time to time be
required by the Trustees.
1045^
ance of any covenant herein contained, then, upon requisi
tion and indemnity, as hereinafter prescribed in Article
Eleven of this indenture, it shall be lawful for the Trustees
to enter upon, all and singular, the said lines of railroad, and
to operate the same, making all useful alterations, additions
and improvements, and applying the income of the property,
after deducting the expenses of operating, and of all repairs,
alterations, additions and improvements, and all payments
for taxes, assessments, charges or liens prior to the lien of
these presents, to the payment of the accrued interest on
the bonds hereby secured, in the order in which such
interest shall have become due, ratably, to the persons
entitled thereto, and of any other moneys in respect to which
the Company shall be in default.
OR MAY SELL THE PROPERTY AT AUCTION.
A rtic le S eventh .—In case default as aforesaid, or in case of
default on the principal of any of said bonds when due, it
shall likewise be lawful for the Trustees, upon requisition
and indemnity as in Article Eleven prescribed, to sell
the lines of railroad, with appurtenances, together with
the stocks and bonds of other railroad companies which
may have been theretofore assigned to the Trustees, to the
highest and best bidders at public auction in the city of
New York, or in the city of Philadelphia, or in Kansas City,
as may be determined by said trustees, or a majority in
interest of the holders of said bonds, having first given
public notice of the sale by advertisement published not less
than five times a week for eight consecutive weeks in New
York, Philadelphia and Kansas City.
After deducting all necessary expenses of the sale and of
operating said railroad, the residue of said proceeds of sale
shall be applied, first, to the payment of the interest of such
of the aforesaid bonds as may be at such time due and un
paid, and, second, to the payment of all unpaid bonds,
whether the same shall have, by their terms, become due
and payable, or not, without discrimination or preference,
but ratably.
PROVISIONS HEREIN IN THE EVENT OF DEFAULT ARE
ADDITIONAL TO THE ORDINARY REMEDIES
ALLOWED BY LAW.
All provisions in this indenture contained which specify
remedies in the event of default are cumulative to the
ordinary remedy by foreclosure in the courts.
AT ANY SUCH SALE TRUSTEES MAY PURCHASE FOR THE
BONDHOLDERS.
A rtic le E ig h th .—At any such sale of the mortgaged premises
the Trustees may purchase the same in behalf of the bond
holders in the proportion of the respective interests of the
bondholders, at a reasonable price if but a portion of the
property be sold, or if all the property be sold at a price not
exceeding the total amount of such bonds secured by this
instrument outstanding, with interest accrued thereon, and
the expenses of said sale or sales.
The purchasers shall be entitled, in making settlements
of the purchase money, to turn in any of the bonds or
coupons secured by these presents, and held by the said
purchasers, towards the payment of the purchase money,
reckoning said bonds and coupons as a sum equal to,
but not exceeding that which would be nayable out of the
net proceeds of said sale if made wholly for money, to the
urchaser or purchasers, as the holder or holders of said
onds or coupons, for his or their just share or proportion in
that character of such net proceeds.
UPON DEFAULT FOR SIX MONTHS IN PAYMENT OF INTER
EST, THE PRINCIPAL OF ALL THE BONDS MAY BE
DECLARED DUE AND PAYAB L.E—POWER OF A
MAJORITY IN INTEREST OF THE BOND
HOLDERS TO WAIVE OR ENFORCE
ALSO PROPERTY ACQUIRED TO BE DULY CONVEYED TO
THIS RIGHT.
TRUSTEES.
A rtic le N in th .—In case of default for six months in the
A r tic le S econ d.—This article provides that the company
shall from time to time, before the certification of bonds payment of anv instalment of interest on any of the bonds
thereon, transfer to the Trustees by proper conveyance the hereby secured, the payment having been duly demanded,
lines of railroad constructed, purchased or leased, and also then in such case the principal of all the bonds secured
the stock and bonds on account of which it is desired to by these presents shall, at the election of the said Trustees,
become immediately due and payable. But a majority in
issue bonds hereby secured.
interest of the holders of said bonds then outstanding may,
COUPONS PURCHASED TO HAVE NO LIEN.
by instrument or concurrent instruments in writing, under
A r tic le T h ird .— Coupons of said bonds taken up, purchased their hands and seals, or by vote of a meeting duly held, as
or paid at time of maturity, or subsequently, for the accom herein provided, instruct the Trustees in such case to de
modation of the company, shall cease to be a lien on any clare the said principal to be due, or to waive their rights to
portion of said property herein conveyed.
so declare, on such terms and conditions as such majority
COVENANTS TO PAY PRINCIPAL, INTEREST, TAXES, ETC. shall deem proper, or may annul or reverse the said election
A r tic le F o u rth . —The Company covenants well and truly of the said Trustees.
to pay the principal of each of the said bonds secured hereby
RIGHT TO RELEASE PROPERTY FROM LIEN HEREOF.
and the interest thereon, as the same shall from time to
A rtic le Tenth —The Trustees may in their discretion re
time become due and payable, and also to pay, when due, all lease from the lien of these presents any portion of the
taxes and assessments and other charges which may be law property appurtenant to the said railroad lines which, in
fully levied upon the property, or upon the Company. or the the judgment of the Trustees, may be unnecessary for the
earnings thereof, and which, if left unpaid, mighcoecome a use in connection therewith, and which shall have been
lien on the property superior to the lien of this indenture. acquired or held for stations, or other buildings, or for a
If the Company shall at any time make any lease of the supply of fuel, gravel or other material. Also to release, as
said railroad the same shall be expressly made subject to aforesaid, any lands which may become disused by reason of
this indenture, and all agreements herein contained.
a change of the location of any station-house or other build
COMPANY TO ENJOY PEACEABLE POSSESSION.
ing connected with the said railroad. They may also con
A r tie e F ifth — Unt.l default in the performance of some sent to any changes in the location of the track, or of sta
covenants herein the Company shall be suffered to have tion-houses, or other buildings, which in the judgment of
the Company shall have become expedient ; but the title to
undisturbed possession of the property.
DEFAULT FOR SIX MONTHS, TRUSTEES MAY TAKE POSSES any lands, premises or property which may be acquired for
SION AND OPERATE PROPERTY.
permanent use, in substitution for any so released, shall at
A rtic le S 'x 'h .— In case of default for six months in the once become vested in said Trustees, and shall be conveyed
payment of interest on any of the bonds or in the perform to the Trustees hereunder. The power of release hereby
THE
1046
[Vol. LXIV.
C H R O N IC L E .
- m u ,i!* U l> e x e r c is e d , o n ly t o c a s e o f t h e C o m p a n y e o n t r a e t i c • to
th e p r o p e r t y s o t o b e r e le a s e d , a n d o n l y u p o n
t h e 'w t f t t e n r e q u e st o f th e f ’ r » s id e n t o f t h e C o m p a n y s h o w j 0t. su ffic ie n t re a so n t h e r e fo r , a c c o m p a n i e d b y a n a f fid a v it ,
s a t is fa c t o r y t o th e T r u s t e e s , o f t h e C h i e f E n g in e e r , o r o t h e r
(>ri,'p. r ViiBcor o f t h e C o m p a n y , s t a t i n g t h e f a c t e u p o n w h ic h
• u oh m jt ir a t is m a d e ,
sell
t
M AJORITY IX I NT r KF.'T OK TH E BONDHOLDERS MAY
- m.-i k i THE TRUSTEES TO ENFORCE TH E REMEDIES
IN CASE OF DEFAULT.
A r fic i. t'u t-.'n th ,— In e a s e o f d e fa u lt in a n y m a n n e r as
a b o v e d e s c r ib e d , it sh a ll b e t h e d u t y o f t h e T r u s t e e s , u p o n
t» pit
in w r i t i n g s ig n e d b y t h e h o ld e r s o f a m a jo r i t y in
a m o u n t o f t h e b o n d s t h e n o u t s t a n d in g , a n d u p o n a d e q u a t e
in i e m o i t v again st- a il c o s t s , t o p r o c e e d t o e n f o r c e t h e r i g h t s
th ,' i.i.'id U -ild crs u n d e r th e s e p r e s e n t s , e i t h e r b y t h e e x e r
c ise o f th e p o w e r s g r a n t e d b y A r t i c l e s S i x a n d S e v e n o f t h is
in d e n t u r e , o r a n y o f sa id p o w e r s , o r b y a s u it o r s u its in
e q u ity e r a t law ," as t h e T r u s t e e s , b e i n g a d v is e d b y c o u n s e l,
sh a ll d e e m m o st e ff e c t u a l t o e n f o r c e s u c h r ig h t s , s u b j e c t t o
th e |*>w,-r h e r e b y d e c la r e d o f a lik e m a jo r i t y in in t e r e s t o f
th e h o ld e r s o f said b o n d s t h e n o u t s t a n d in g t o in s tru ct, in
w r it in g th e T ru ste e s t o w a iv e a n y s u c h d e f a u l t , o r t o e n
f o r c e th e r ig h t s o f t h e b o n d h o ld e r s b y r e a s o n t h e r e o f.
P r o v id e -t th a t n o h o ld e r s o f a n y b o n d s s e c u r e d h e r e b y
sh a ll h a v e th e r ig h t t o in s t it u t e a n y s u it , a c t i o n o r p r o c e e d
in g f o r r e m e d y h e r e u n d e r o r h e r e u p o n w i t h o u t first
g iv in g n o t ic e in w r i t i n g t o t h e T r u s t e e s o f d e fa u l t h a v in g
o c c u r r e d a n d c o n t i n u e d , a s in t h is a r t i c l e a f o r e s a id , a n d
r e q u e s tin g th e T r u s te e s , a n d a f f o r d i n g t h e m a r e a s o n a b le
u p ] - .m i n i f y , t o in s t it u t e s u c h a c t i o n , s u i t o r p r o c e e d i n g in
t h e ir o w n n a m e , a n d a ls o o f f e r i n g t o t h e m a d e q u a t e in
d e m n it y ,
TRUSTEES MAY
BE REMOVED BY A M A JO R IT Y IN IN TER
EST OF TH E BONDHOLDERS.
A r t ic le T w e lfth .— A n y T r u s t e e s m a y b e r e m o v e d b y a
m a jo r it y in in t e r e s t o r a m o u n t o f t h e h o ld e r s o f a l l s a id
b o n d s h e re b y se cu re d a n d th en o u ts ta n d in g b y c o n c u r r e n t
in s tr u m e n t s in w r i t i n g u n d e r t h e ir h a n d s a n d se a ls , o r b y a
v o te o f a m e e t in g d u ly h e ld a s h e r e in p r o v i d e d . B u t i n t h e
c a s e o f a r e s ig n a t io n o f o n e o f t h e T r u s t e e s t h e o t h e r T r u s
tees sh a ll b e v e s te d w it h th e t it le , r ig h t s a n d p o w e r s o f b o t h
u n til a n o t h e r s h a ll b e c h o s e n a n d b e s u b j e c t t o t h e lia b ilit ie s
A n d o b li g a t i o n s o f b o t h ,
HEW TRUSTEES MAY' BE OHOSEN BY A M A JO R IT Y IN TER
EST OF THE BONDHOLDERS—R IG H T TO APPOINT
TEM PORARY TRUSTEES.
In ease o f t h e r e s ig n a t io n o r r e m o v a l o f t h e T r u s te e s , o r
e it h e r o f t h e m , a s u c c e s s o r m a y b e a p p o in t e d b y a m a jo r i t y
in in te r e s t o f t h e h o ld e r s o f a ll s a id b o n d s h e r e b y s e c u r e d
a n d th e n o u t s t a n d in g b y c o n c u r r e n t in s t r u m e n t s m w r i t in g
u n d e r t h e ir h a n d s a n d se a ls , o r b y a v o t e o f a m e e t i n g h e ld
a s h e r e in p r o v id e d ; a n d u n til an a p p o in t m e n t b e so m a d e
th e b o a r d o f d ir e c t o r s o f t h e C o m p a n y m a y a p p o in t a T r u s
tee t o fill s u ch v a c a n c y f o r t h e t im e b e i n g .
In c a se o f a v a c a n c y b e i n g t e m p o r a r ily fille d b y a p p o in t
m en t b v th e B o a r d o f D ir e c t o r s o f t h e C o m p a n y , u n d e r t h e
f o r e g o in g p r o v is io n , it s h a ll b e c o m p e te n t- f o r "a n y c o u r t o f
e q u it a b le p o w e r s , h a v in g ju r i s d i c t i o n in t h e p re m is e s , u p o n
t he a p p lic a t io n o f h o ld e r s o f n o t le ss t h a n $100,000 in a m o u n t
o f th e b o n d s , a n d u p o n d u e n o t i c e t o t h e c o m p a n y a n d t o
th e e x is t in g T r u s te e s , a n d fo r c a u s e s h o w n , t o a n n u l s u c h
a p p o in t m e n t a n d t o a p p o in t a n o t h e r T r u s t e e o r T ru s te e s t o
h o ld t h e T r u s t f o r s u c h p e r io d a s t h e T r u s te e s a p p o in t e d b y
it D ir e c t o r s w o u ld h o ld t h e s a m e , b u t n o t lo n g e r .
A n d in c a s e a n y v a c a n c y in t h e t r u s te e s h ip s h a ll n o t b e fille d
w it h in th r e e m o n t h s b y t h e b o n d h o l d e r s .i t - s h a ll b e t h e
d u t y o f th e P r e s id e n t o f t h e C o m p a n y t o c a l l a m e e t i n g o f
t h e lio n d h o ld e r s , t o fill t h e v a c a n c y ," t o b e h e ld in K a n s a s
C it y o r in N e w Y o r k . A n y a p p o in t m e n t o f a T r u s t e e u n d e r
th e h a n -l. a n d seal* o f t h e m a jo r i t y i n in t e r e s t o f t h e h o ld e r s
t h e n o u t s t a n d in g b o n d s s h a ll s u p e r s e d e a n y p r e v io u s
a p p o in t m e n t b y th e H o a rd o f D ir e c t o r s o f t h e C o m p a n y o r
b y a c o u r t u n d e r t h e p r e c e d i n g p r o v is io n s . B u t n o a p p o in t
m e n t o f n e w T r u s t e e s h e r e u n d e r s h a ll b e m a d e , in a n y o f t h e
w a y s a b o v e p r o v id e d , e x c e p t o f a c o r p o r a t io n e x i s t in g u n d e r
th e la w s o f t h e S ta te o f M isso u r i o r o f t h e S ta te o f N e w
Y o r k o r o f t h e S t a t e o f P e n n s y lv a n ia , h a v in g it s p r in c ip a l
plav*. o f imsrimuw in th e s a id c i t y o f N e w Y o r k , K a n s a s C it y
BONDHOLDERS' MEETINGS.
A r tic le T h ir te e n th .— W h e n e v e r a m e e t in g o f t h e b o n d
h o ld e r s »h a ll b e e x p e d i e n t f o r a n y o f t h e p u r p o s e s m e n t i o n e d
in t h is in d e n t u r e , it sh a ll b e t h e d u t y o f th e P r e s id e n t o f
th«* C o m p a n y , o n tin* w r it t e n r e q u e s t o f th e h o ld e r s o f n o t
!<wi th a n o n e filth in th e a m o u n t o f said, b o n d s t o c a ll a
m e e t in g o f th e h o ld e r s o f a ll t h e t h e n o u t s t a n d i n g b o n d s
s e c u r e d h e r e b y , t o b e h e ld in K a n s a s C i t y , o r in N e w Y o r k ,
or P h ila d e lp h ia , b y n d v e r tiw m iy n t t o be* p u b lis h e d t w i c e a
k fo r t h r e e etmoeastive w e e k s in t w o d a ily n e w s p a p e r s o f
g<K. | c ir c u l a t i o n p u b lis h e d in sa id c i t i e s . I n d e f a u l t o f s u c h
m e e t in g b e i n g r a ile d b y t h e P r e s id e n t o f t h e C o m p a n y
w i t h in t h i r t y d a y s a f t e r r e q u e s t a s a f o r e s a id , it sh a ll b e
o n n i w h 'm f o r t h e h o ld e r s o f o n e - f i f t h in a m o u n t o f sa id
h o o d s t h e n o u t s t a n d i n g t o c a l l s u ch m e e t in g in t h e m a n n e r
a fo r e s a id .
A t a n y s u ch m e e t i n g t h e b o n d h o ld e r s s h a ll b e
r c r a n e t e n t to e x e r c is e a ll th e p o w e r s c o n f e r r e d u p o n t h e m
h r t h r e e p r e s e n ts ; p r o v id e d , t h a t t h e m a jo r i t y in in t e r e s t o r
a m o u n t o f th e o u t s t a n d in g b o n d s , in p e r s o n o r b v p r o x y ,
i f i u i b e r e q u ir e d t o c o n s t i t u t e a q u o r u m a t a n y s u c h m e e t in g .
DEEDS OF F U R TH ER ASSURANCE.
A rtic le F ou rteen th —The Company covenants to deliver all
such further deeds and assurances for the better transferring
to the Trustees the said property, etc , as by the Trustees or
their counsel shall be reasonably required.
BONDS TO RE APPLIED TO CONSTRUCTION AND EQUIPMENT
OF ROAD, ETC.
A rticle F ifteen th —The Company covenants that it will use
the said bonds to pay for the construction, completion, reir, equipment and acquisition of said lines of road and
tsed portions (if any) or the acquisition of the stocks and
bonds of other railroads, as hereinbefore provided.
K
PROVING OF BONDHOLDERS’ INSTRUMENTS.
A rtic le S ixteen th —The execution of any instruments exe
cuted by a majority in interest of the holders of said bonds
hereby secured shall be deemed sufficiently proved if cer
tified by a notary public or other person authorized to take
acknowledgements of deeds, with their seals of office.
COMPANY’S RIGHT, PRIOR TO DEFAULT, TO VOTE ON
STOCKS PLEDGED.
A rticle Seventeenth —The Trustees at any time prior to de
fault hereunder, when requested by the said Company, shall
deliver to its representatives so many shares of the stocks of
any other railroad company held hereunder as may be
necesarv to qualify persons to serve as directors; but all
proxies to vote the stock held by the Trustees shall contain
a provision substantially as follows :
’ •This p rox y sliall not be used to authorize any Increase o f the
hooded Indebtedness per m le o f the satd railroad (here naralnn sam e),
nor shall the said p rox v be voted in taxor o f an exten sion or con tin u
ation of said railroad, or any other branch thereof, unless the bon ds
to be issued on such extension or continuation shall be lim ited per
mile as hereinbefore recited, and unless It be agreed that the stocks
and bonds, If any to be issued against or upon, or on accou n t of, such
extension or continuation, shall be transferred an d de ito red to th e
said trustees, o r their successors, to be held fo r the same purposes
and the same security as the Btock so to be voted upon m ay be held.”
BONDS TO BE REGISTRABLE IN NEW YORK OITY.
A r tic le E igh teen th .— T h e Company covenants at all times
hereafter to keep in its office, in New York a “ Registry of
Bonds ”, where any bondholder may register his bonds upon
presenting the same. [For further provisions respecting
registration of bonds, see the copy of the bond on a preced
ing page.]
THE TRUSTEES TO KEEP A BOOK OF RECORD REGARDING
CERTIFICATION OF BONDS.
A r tic le N in eteen th . —The Trustees, or one of them, shall
keep a record book of all bonds certified under the provi
sions of this indenture, their numbers, and a briei reference
to the facts, certificates or statements of the President or
Vice-President and Chief Engineer of said Company,
authorizing such certification of said bonds as provided by
this indenture.
INTEREST PAYMENTS DURING FOUR YEARS ENDING APRIL
1, 1897.
A rtic le T w en ty —This article refers merely to the right
(now terminated) during the first four years to pay the inter
est only in so far as earned.
COMPANY TO MEET EXPENSES OF TRUSTEES IN ADMINIS
TRATION OF TRUST.
A r tic le T w en ty-first.— The Trustees may employ such
assistants as they deem necessary for the administration of
the trusts hereto, and the Company agrees to reimburse them
for the cost.
WAIVER OF ALL APPRAISEMENT, REDEMPTION, ETC., LAWS.
A r tic le T w en ty-secon d. —The Company irrevocably waives
the benefit of all appraisement, extension or redemption
laws, and of all laws requiring mortgages to be foreclosed
by action therefor now existing or which may hereafter
exist in any State wherein the property to be sold hereunder
may be situated, and covenants that it will not in any
manner seek to take advantage of such laws, any statutes to
the contrary notwithstaning.
RIGHT TO HAVE PROPERTY SOLD AS AN ENTIRETY OR IN
PARCELS.
A rtic le T w en ty-th ird —The Company expressly waives all
right to have the assets marshalled upon any foreclosure,
and agrees that the Trustees herein shall have the right to
sell the entire property as a whole or in parts, as they may
think fit. A majority in interest of the holders of said
bonds may, in writing, direct the. Trustees to sell the prop
erty either as an entirety or in parts.
TREATMENT OF COLLATERAL SECURITIES.
A r tic le T w en ty fo u r th .— In case of default to pay the col
lateral bonds or the interest thereon, the Trustees shall have
the power to take all the needful proceedings to foreclose
said mortgages and enforce the covenant thereof upon re
quest of the Company or of majority in interest or amount of
holders of bonds certified hereunder. But until default is
made in the payment of the bonds secured hereby, or the
interest on the same, the Company shall have the power and
right to collect all interest and dividends on the collateral
stocks and bonds.
FIN AN C IA L AGENCY IN NEW Y O R K CITY.
A r tic le T w en ty-fifth .—T h e Company will maintain a finan
cial agency in the city of New York, and if the Company
fails to maintain such agency, then the coupons and bonds
issued hereunder shall be payable at the office of the State.
T r u s t C o m p a n y in New York.
May 29, 18S7.J
THE
C H R O N IC L E .
£lue C o m r o m M 3 F,xm es.
COMMERCIAL EPITOME.
C O T T O N .
3
F r i d a y N ig h t ,
F r id a y N ig h t , M ay 28, 1897.
May 28,1897.
D A IL Y CLOSING PRICES OP LARD FUTURES.
Bat.
Mon.
4-00
lu es .
3-95
Wed.
I h u r.
3 80 3-75
as indicated by our telegrams
from the South to-night, is given below. For the week ending
this evening the total receipts have reached 16,152 bales,
against 20,632 bales last week and 82,067 bales the previous
week, making the total receipts since the 1st of Sept., 1896,
6,628,167 bales, against 5,127,619 bales for the same period of
1895-6, showing an increase since Sep.l, 1896, of 1,500,548 bales.
The Movem ent of the Crop,
Now that the proposed new tariff bill has been taken up in
open debate in the Senate the progress of the measure is being
closely followed. Trade has continued slow, but the general
outlook for business has been considered more encouraging,
developments thus far in the Senate leading merchants to
believe that there will be less delay in the tariff legislation
•than has been latterly thought probable. Weather conditions
have been against trade, as the season has continued back
ward , the temperature being too cool to permit of extensive
operations in summer goods. The European political situa
tion has not attracted especial attention, satisfactory progress
being reported on the peace negotiations in the Far East.
The volume of business transacted in the market for lard
on the spot has been small. Local refiners have been in
different buyers and the export demand has been flat. There
has been some pressure to sell and prices have further de
clined, closing dull at 3 85c. for prime Western, 3'55c. for prime
city and 4-10e. for refined for the Continent. There has been
no trading in the local market for lard futures and at the
West business has been quiet. Packers, however, have offered
supplies freely prompted by heavy receipts of swine, and
prices have declined, closing dull.
May..................................0. 405
1047
Fri.
3-80
Receipts at—
Sat.
374
G alveston____
Tex. City, &o. ......
New O rleans... 1,297
Mobile...............
5
Savannah......... 146
191
Pt. Royal, &e.
W ilmington__
6
Wash’ton, &o. ......
Norfolk.............. 1,220
Newport N.,&o. .........
New York......... .........
41
Philadelph’a.&o 134
Tot’ls this week 3,414
Mon.
304
......
658
87
312
149
6
......
1,682
........
........
480
55
3,733
Tues.
36
......
1,161
58
806
213
10
......
278
......
......
156
358
3,076
Wed.
Thurs.
Fri.
Total.
129
51 177 1,071
...... .....
68
68
833 469 377 4,795
5
19
1
175
92 411 166 1,933
75
75
220
215
9885
......
5
1
32
2
7
...... .........
17 817 432 4,446
128
128
...... ......
......... ......... .........
980
97 206
296
296
200 129 284 1,160
1,595 2,103 2,231 16,152
The following shows the week’s total receipts, the total since
Pork has sold slowly although at the close demand Sept. 1,1896, and the stock to-nignt, compared with last year _
showed some improvement and prices were quoted steady
Block.
1896-97.
1895-96.
Beczipli to
at $8 50@$9 00 for mess, $9 90@$10 75 for short clear
This Since Sep. This Since Sep.
M ay 28.
and 89 25@$10 00 for family.
Cut meats have bad only
1897.
1896.
Week. 1,1896.
Week. 1, 1895.
a moderate rale, but offerings have been somewhat
limited, and for pickled shoulders prices have advanced G alveston...
541 921,016 17,850 16,465
1,071 1,345,352
slightly, closing at 5J^@5%c. for pickled bellies, 12@10 lbs.
Tex. 0.,&o.
1,400
68 109,667
13 112,262
average, 5t^c. for pickled shoulders and 9@ 9^ c. for pickled New Orleans 4,795 2,055,775 7,990 1,718,694
93,185 112,267
bams. Beef has sold slowly, but no changes have been made Mobile..........
111 195,515
3,620
8,488
175 289,308
in quoted values, closing at $7@$8 for mes3, $8i3$9 for Florida.........
87,573
32,583
packet, $9@$10 for family and $12@fl4 for extra India mess. Savannah... 1,933 *837,886 3,488 744,308
17,651 17,186
Beef hams have advanced, closing steady at $23. The demand
170,756
24
115,073
1,672
Br’wiok,
Ac
1,190
75
for tallow has been quiet, but the price has held steady, clos Charleston..
397,276
15,748
897
277,830
19,133
988
ing at 3c. Oleo-stearine has had a better sale, and the
P. Royal, Ac
75,426
5 71,096
close was firm at 4 l-16c. Lard stearins has been dull and Wilmington.
234,370
166
167,170
4,111
6,146
32
nominal at 4J^@4%c. Cotton seed oil has had only a limited
857
767
Wash’n.&o.
sale but values have held steady, closing at 20c. for prime Norfolk........
4,446 702,035 2,474 333,404 13,992 12,016
crude and 23J^@24c. for prime yellow. Butter has had a fair
51
318 167,947
969
128 17,297
sale for the choice grades, closing steady at ll@15J^c. for N’portN.,&o.
48,157
230 53,088 140,968 124,747
creamery. Cheese has declined, but at the close there was New Y ork...
9,500 12,000
980 156,443 1,237 122,760
some export demand and the tone was steadier, with State Boston..........
213 47,744 10,436 15,747
296 61,102
factory full cream at 7@8%c. Receipts of fresh eggs have Baltim ore...
7,075
42,717
188 42,032
8,679
been large and prices have declined, closing at 10J£@10J£c. Philadel.,Ao. 1,160
for choice Western.
17,890
341,766
350,526
16,152
5,127,619
6,628,167
T otals.......
Coffee of Brazil growth has had only a limited call, and as
N o t e .— 2 1 , 3 2 3 b a l e s a d d e d at N e w O r l e a n s as c o r r e c t i o n o f r e o e i p t s
the offerings have been moderately large prices have weak s i n c e S e p t . 1 .
* 7 ,2 6 4 b a le s a d d e d a s c o r r e c t i o n o f r e o e i p t s s i n c e S e p t . 1 .
ened slightly, closing at 7%c. for Rio No. 7. The mild
grades have had only a limited call, but prices have not ^Comparisons for leading ports are given for six seasons;
changed, closing steady at 14c. for good Cucuta and 25c. for Receipts at— 1897.
1896. 1895. 1894. 1893. 1892.
standard Java. Speculation in the market for contracts has
554 1,771 1,573 2,815 3,999
been quiet, and as neither buyers nor sellers have been ag Qalves’n <feo,
1,139
gressive the change in prices has been unimportant. The New Orleans
4,795 7,990 10,076 3,165 9,621 12,214
363
228
857
close was steadier on reports that an amendment has been Mobile.........
111
880
175
introduced into the Senate placing an import duty of 2c. per Savannah...
1,933 3,488 4,759 1,973 2,582 5,937
.pound on coffee.
160
993
942
Ohas’ton, <feo
768
897 6,701
The following were the final asking prices :
249 1,284
6
179
32
166
Wilm’ton,&o
947 2,262 2,520 2,629
................... 7'25o. i Sept ................... 7'30o. I Deo.................... 7-35o. Norfolk....... 4,446 2,474
.............. 7'25o. O ct .................... 7’35o. Jan __________ 7-40c. N. News, <feo.
455
547 1,690 3,415
318
128
A u g ................. 7'30o. I Nov................... 7'35o. 1Feb.............
7-40o. All others... 2,511
1,892 3,942 2,121 4,484 3,144
Raw sugars have had a fair sale at steady prices, closing at
3J^c. for centrifugal. 96-deg. test, and 2%c. for muscovado, rot. this wk. 10,152 17,890 29,020 12,208 25,586 34,444
89 deg. test. Refined sugars have been in more active de 8inoe Sept. 1 6628,167 5127,619 7781,402 5821,272 4905,106 6957,186
June
J u ly ...
mand and steady, closing at 4J^c. for granulated. Teas have
been quiet but steady.
of 35,718 bales, of which 20,043 were to Great Britain, 3,233
Kentucky tobacco has continued to meet with a slow sale, to France and 12,442 to the rest of the Continent. Below are
but values have held steady. Sales 125 hhds. Seed leaf to the exports for the week and since September 1, 1896.
b a c c o has been quiet tu t steady. Sales for the week were
W eek Ending M ag 28. 1897. From Sept 1, 1890, to M ay 28,1897 .
<550 cases, as follows: 100 cases 1895 crop, New England Hav
E xp orted to—
E xp orit
ana, 16@22J£c.; 50 cases 1895 c r o p , New England seed, 13@
C onti
Great
Conti Total
G reat
fro m —
France
Total.
17c.; 100 cases 1893 crop, Wisconsin Havana, 9J^c.; 100 cases
France
nent.
nen t. W eek. B ritain.
B rit'n .
1895 crop, Wisconsin Havana, oj^c.; 200 cases 1894 crop, Zim
738,885
195,471
283,800
8,800
1,218,222
2,402
G a lv e s to n .......
0,344
mers, p. t., and 100 cases 1895 croD , Zimmers, 15@16c.; also
21,798
21,798
T ex. City, &o..
700 bales Havana at 85c. to $1 15 in bond and 150 bales New
7,727 820,136 422,280 045,080 1,887,490
2,750
4,971
O rle a n s ..
Sumatra at 90 to $3 25 in bond.
143,179
37,120 180,299
M o b ile ..............
1he demand for Straits tin has continued fairly active F lo r id a ...........
00,732
5,488
72,220
and prices have further advanced, closing firm at 13'60@13 70c. Savannah -----48,203 15,341 373,047 430,051
99,157
21,739 120,940
Ingot copper has had a moderate sale and prices have been Brunsw ick.......
78,322
191,889 270,211
unchanged at l l @ l l ^ c . for Lake. Lead has had only a C h a r le s to n ...
09,109
09,109
............
limited call but values nave held steady, closing at 3-25g3 30c. P ort R oy a l —
95,431
111,363 200,794
for domestic. Spt Iter has advanced and the close was firm W ilm in g to n ...
6,200
40,818 199,772
204
204 147,754
at 4,20@4,25c. for domestic. Pig iron has been dull at $9 25@
9,427
1,078
10,505
N’ p o rt N., &c..
|12 00 for domestic.
5,330 10,478 313,079 33,578 238.889 585,540
2,033
Refined petroleum has been lowered, closing at 6'15c. in New Y o r k ....... 8,515
220,700
2,508
229,274
79
49
30
bbls , 8 65c. in bulk and 6'00c. in cases; naphtha quiet at 5-50c. B altim ore......
80,009
09,867 158,733
2,241
8,797
1,041
000
Crude certificates have been Deglected; credit balances have P h iladelph ia..
9,834
450
10,284
183
183
been lowered to 87c. Spirits turpentine has had a slow sale 8. Fran., & c ....
3,204
55,031
58,895
and prices have declined to 27@273^c. Rosins have been in fair
20,043
3,233 12,442 35,718 2,949,407 080,007 2,100,081 5,736,765
T o t a l ..........
request and firmer. W ool has been quiet and barely steady.
842 15,114 32.079 2,128,144 458,092 1,797.243 4,325,479
T otal. 1895-90. 10,723
Hops have been in slow demand and weak.
THE
1048
C H R O N IC L E .
•9e x p o r t s l, o u r telegrams to-night also
g iv e Uii th e fo lio w in g iUllCHHl l:s o f cotton on shipboard, not
W e add similar figures for
OlCNUtd,, a t the portai n a m e d .
N ew Y tirk, w h ic h art s p re p a r e s 1 f o r our special u se by Messrs.
b t m b e f t tdt ItUTfOWJl, P r o d u c e Exchange Building.
ON SStTttOARO NOT CLEARED FOR—
M*w %%
Leaving
ito'k .
Olhtr
&rmt
Britain.. France. Foreign
OfHuivritt.
Total.
18,932
6,890
None.
500
200
7,725
6,260
4,700
74,253
11,854
17,851
18,633
3,420
6,207
134,708
30,667
44,213
297,553
** ..
m o b m ..........
m m t k ,.. . . . . .
Mew Y ork .. . . . .
Other p o r t * ....
4,09$
1,800
Noise,
None,
to o
None
600
2,800
S.UO
2,586
None.
None.
None.
None
1,000
None.
10,571
500
None.
None,
None
None.
4.600
1,900
1,152
950
None.
500
None.
7,725
None.
None.
TolAi 1 8 9 7 ...
9,659
6,696
17,631
10,327
Mew
Q t ifM t e s ......
Total 1 8 9 6 ...
* r e t » ii8 » 5 ...
4,107
1,629
23,110
29,848
20,593
33.102
7.541
5,656
55,357
70,235
295,169
•162,107
Speculation in cotton for future delivery has continued
quiet, The tluotuations in prices have been witftin a narrow
range and the net change in valurs for the week is unim
portant. Crop advices from the South have been the prin
cipal factor in the market. As a rule they have been of an
encouraging nature, although during the latter part of the
week advices of cooler weather stimulated buying by a few
shorts to cover contracts. Saturday foreign advices were
better than expected and prices strengthened slightly,
rioting at an advance of
to
points.
Monday the
market opened at a decline under moderate offerings
prompted hv favorable prospeo s at the South for the
crop and dull and easier foreign advices.
Toward the
close rumors, which have not been confirmed, that a
large export business for future shipments had been trans
acted stimulated buying by shorts to cover contracts, and
part of the early loss was recovered, closing unchanged to 4
)>■ into lower for the day. Tuesday the market was firmer
during early ’Change, reflecting unexpected stronger foreign
advices. Subsequently, however, prices reacted slightly un
der moderate offerings, induced by the favorable weekly report of the Government's Weather Bureau on the condition of
the crop. Wednesday foreign advices were dull and easier,
but advices from the South reported weather conditions
slightly h ss favorable and prices held about steady. Thurs
day tic re was a quiet and irregular market. The near-by
deliveries t-a ed otf a trifle, while the next crop futures were
slightly higher on further reports of coot weither. The close
showed prices 2 to 1 points tower to unchanged to 3 points
higher tor the day. T day th • market was quiet and easier.
The opening was at a decline of 1 to 3 points and prices fur
ther w, atoned il to 5 points during the day, in response to
dull and easier foreign advices. The close was quiei at a
decline of 2 to 4 point- f. r the day. Advices were received
from Southwestern Texas stating that cool weather and
insects had done some damage to the crop, but they had
little or no influence upon the market. Cotton on the spot
had only a limi ed Sale. Monday prices declined l-18c., but
Tuesday the loss was recovered. To day the market was un
changed and steady, middling uplands closing at %c.
The total sales for forward delivery for the week are
850,400 bales. For immediate delivery the total sales foot
up this week 14.774 bales, including 5,838 for export, 5,386
for consumption, -— - for speculation and 3.500 on contract.
The following are the official quotations for each dav of the
past week—Slay 23 to May 28.
On th e basis of the rates on and off middling as established
b v the lie vision Committee, the prices for a few of the
grades would he m follows:
1
8
7
UPLANDS,
S a t,
H o n f u e l W ed
I ’l l .
F r l.
OocmI O rdinary............................
Low KlddUlur.................. ...........
M iddling.....................................
f>B,d
............................
MMdllnie Fair........ ............
61*
7%
T il
6u j
76ta
7X»I»
8*8
8*16
61l
75%
75%
8 t„,
8%
05%
738
7%
81 o
8°a
65%
7%
7=%
81)6
8%
N at,
iH on T n c » W e d
T il.
F r l.
7
7%
8
fjw
87g
7
7=8
8
80 6
87fl
GULP.
G ood Ordinary............................
term MbldUu*............................
M iddling......................................
G ood Middling..................
...............
7
7»8
8
S5.g
8 ”»
S at.
Si*
7%
77 H'733
STAINED.
fKlftt MPMUniF.........
Middling T inged.
&
0%
74e
K .
8%
75r
She
87a
M on T u e .
8he Cbi
7*,.
71%. 7%
>>
711,, 775%
7
7%
8*10
S’ s
W ed
6%,
7%
77%> >
T il.
6%i
75%
75%
|fr l
6b
71?,
7%
MARKET AND SALES.
BALES O P SP O T A N D CO N T R A C T .
SPOT' M A R K E T
CLO SED .
Te***ti
WMMi
Th*«Uy
FrDUr
fclal..
~jr*.
port.
Qon- j 8 pm- Oon#ump lul’ l'n trad.
700 2,378 i
1.2411
596:
627!
756;
933
294
1.217
617'
1.1801
743
,1 3,500
6.3881 ... .1
SaU$ o f
Tot«t. Future*.
3,078
1,837
1,383
1,247
1.834
5,395
3,300 14.774
j V01*. LX1V,
The Sales and Pricks of Futures at New
shown in the following comprehensive table.
York, are
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•Ttieludos gales in Septem ber, fo r Septem ber, 15,100: Septem berOotober, fo r O ctober, 884,800; Septem ber-Novem ber, for N ovem ber,
72.000; Septom bor-Dooem ber, for D ecem ber, 2,290,000; SepternberJ a n n a ry ,fo r .January. 7.114,100; Soptem ber-February, for F ebruary,
446.900; Soptombor-Maroh, fo r M arch, 6,268,200; Soptem ber-Aprll,
for A pril, 335,800.
XW F°r exchanges see page 1051.
T h e V i s i b l e S u p p l y o f C o t t o n to-night,as made u p b y c a b l e
and telegraph is as follows. The Continental stocks, as well a *
those for Great Britain and the afloat are this week’s r e t u r n s
and consequently all the European figures are brought d o w n
to Thursday evening. But to make the totals the complete
figures for to-night (May 38), we add the item of exports f r o m
350,400 the United States, including in it the exports of Friday only:
32,800
74.700
39.000
58,900
49.000
45.700
May 29, 1897.]
THE
C H R O N IC L E ,
1897. 1896.
1895. 1891.
Stock at Liverpool.........bales. 1,125,000 1.080,000 1,612,000 1,610,000
Stock at London___ ___ .....
5,000 4,000
7,000 6,000
Total Great Britain stook. 1,130,000 1,084,000 1,649,000 1,616,000
Stock a t H am burg................
19,000 28,000 25,000 26,000
Stook at Brem en__ _______ 189,000 217,000 328,000 190,000
Stock at Am sterdam .............
3,000
9,000 18,000 15,000
Stock at R otterdam ___ . . . . . .
300
200
200
200
Stook a t A ntw erp.................
S,000 20,000 15,000 16,000
Stock at H avre............ 215,000
273,000 465,000 436,000
Stook at Marseilles....
6,000
7,000
5,000 7,000
Stock a t Barcelona.... 81,000
83,000 109,000 77,000
Stock at Genoa............ 43,000
80,000 52,000 10,000
Stook a t T rieste.......... 17,000
30,000 20,000 29,000
Total Continental stooks.. 581,300 747,200 1,037,200 815,200
Total European stocks.... 1,711,300 1,831,200 2,686,200 2,431,200
India ootton afloat for Europe 139,000 155,000 155,000 161,000
Am er.eottonafloatfor Europe 192,000 104,000 160,000 135,000
Egypt,Brazil,&o.,aflt.forE’pe
12,000 16,000 17,000 25,000
Stock In United States p o rts. 341,766 350,526 532,342 447,035
Btook In U.S. Interior towns.. 101,291 147,437 101,628 123,963
United States exports to-day.
3,675 11,704 22,383 3,443
Total visible sunply.......... 2,501,032 2,615,867 3,674,553 3,326,641
Of tbe above, totals or Amerloan and'other descriptions are as follows:
A m erican—
Liverpool stock.............bales. 972,000 917,0001,530,000 1,363,000
Continental stooks................... 499,000 600,000 956,000 663,000
Amerloan afloat for Europe.. 192,000 104,000 160,000 135,000
United States stock................. 341,766 350,526 532,342 447,035
United States Interior stocks. 101,291 147,437 101,628 123,963
United States exports to-day.
3,675 11,704 22,383 3,443
Total American................. 2,109,732 2,130,667 3,302,353 2,735,441
East In dian , B razil, etc.—
Liverpool stock........................ 153.000 163.000 112,000 247.000
5,000
4,000
7,000
6,000
London stook.............................
Continental stocks................... 82,300 147,200 81,200 152,200
155,000 161.000
India afloat for Europe.......... 139.000 155.000
Egypt, Brazil, &c., afloat....... 12,000 1 6,000 17,000 25.000
Total E ast India, &o......... 391,300 485,200 372,200 591,200
Total Amerloan................. 2,109,732 2,130,667 3,302,353 2,735.441
Total visible sup ply ......... 2,501.032 2,615,867 3,674.553 3,326.641
Middling Upland, Liverpool..
4r«d
45 ,d
378d.
4 i 18d.
Middling Upland, New York.
8o. 76,6o. 77j«c.
7%0.
Egypt Good Brown, Liverpool
5%d.
65sd.
5d.
6%1.
Peruv.Rough Good, Liverpool 6316d.
55sd.
56sd.
6Md.
Broach Fine, Liverpool..........
4>rj2d.
4d.
35sd.
4isd.
Tlnnevelly Good, Liverpool.. 3*5^ d. 41* 2d. 3 U i 6d .
3 7sd.
t W The imports into Continental ports the past week have
been 98,000 bales.
The above figures indicate a decrease in the cotton in sight
to-night of 114,835 bales as compared with the same date
of 1896, a falling oS of 1,173,521 bales from tbe corresponding
date of 1895 and a decrease of 325,609 bales from 1894.
1019
Quotations for Middling Cotton at Other Markets .—
below are closing quotations of middling cotton at Southern
and other principal cotton markets for each day of the week.
28.
lalv esto n ..
New Orleans
MobUe........
Savannah...
0karl68ton..
Wilmington.
Norfolk.......
Boston.........
Baltimore. .
Philadelphia
A.agusta.......
Memphis__
St. Louis__
Houston__
Cincinnati..
Louisville-..
May
CLOSING QUOTATIONS FOB MIDDLING COTTON ON—
Satur.
Mon.
7H
7%
7H
738
73s
7*2
7^
7%
778
8
75s
714
76is
7619
75s
7%
75is
7%
7%
T -"a
7%
7\
778
71B1S
76s
74*
76is
75,6
7»s
73s
lu es.
Wednes.
7%
73s
74*
73s
73s
7^
713
711is
77s
8
7=8
7>4
7618
74*
76s
738
Thurs.
Fri.
74*
738
714
73a
738
7M
73s
714
738
738
7ks
7%
73*
877s
7=8
74*
73s
7M
7=8
738
7M
738
74*
7%
73s
743
743
73*
8778
7=8
73*
73s
74*
76g
738
743
743
73*
778
8
7=8
744
73s
74*
7=8
73s
The closing quotations to-day (Friday) at other important
Southern markets were as follows.
Athens..............
A tlanta............
Charlotte.........
Oolumbus, Ga.
73*
73la
77s
7>s
Oolumbus. Miss
Enfaula............
Little Rook__
Montgomery...
67s
7
67s
7%
N ashville.......
N atchez..........
R aleigh...........
Shreveport__
7J48
67e
7H
7)3
Receipts from the P lantations .—The following table
indicates the actual movement each week from the plantations.
The figures do not include overland receipts nor Southern
consumption; they are simply a statement of the weekly
movement from the plantations of that part of the crop which
finally reaches the market through the outports.
R eceivts a t the P orts. St'k a t In te rio r Towns. R ec'vts fr o m P la n V n t.
Apr.
"
May
**
“
-
23......
30......
7......
14......
21......
28......
1897.
1896.
1895.
47,260
34,588
42,333
32,067
20,632
16,152
54,666
39,828
37,331
34,871
22.076
17.890
69,965 181,847 247,104 186,641
56,937 171,920 233,041 165,978
41,900 114,401 209,770 148,553
30,565 131,701 187,120 137,822
29,065 112,982 163,017 114,859
29,020 101.291 147,437 101,628
1897.
1896.
1895.
1897.
1896.
28,037
21,661
14,814
19,367
1,913
4,401
38,161
25,768
14,057
12,221
1896.
43,838
36,274
24,475
19.334
6,602
2.310 15,789
T owns .
The above statement shows: 1.—That the total receipts
from the plantations since Sept. 1,1896, are 6,608,864 bales; in
1895-96 were 5,242,356 bales; in 1894-95 were 7,825,695 bales.
2.—That although the receipts at the outports the past week
were 16,152 bales, the actual movement from plantations was
A t the Interior T owns the movement—that is the receipt* only 4,461 bales, the balance being taken from the stocks at
for the week and since September 1, the shipments for the the interior towns. Last year the receipts from the plantations
week and the stocks to-night, and the same items for the for the week were 2,310 bales and for 1895 they were
15.739 bales.
corresponding period of 1895-96— is set out in detail below.
Overland Movement for the W eek and Since Sept . 1.—
We give below a statement showing the overland movement
foi the week and since September 1. As the returns reach us
oy telegraph late Friday night it is impossible to enter so
largely into detail as in our regular monthly report, but all
i f
s i ? i ? s j ’’? £ g f ? s i f i i ! ?
tne principal matters of interest are given. This weekly
00
P*
V5*
c+ 2
PC
M
A
*<
publication is of course supplementary to the more extended
monthly statements. The results for the week ending May 28
!
g « b l §1
^
S £ * $
and since Sept. 1 in the last two years are as follows.
1
;
s
s g =&.° : g l : : : : r | § 3 s s = : : r § J :
:
g o:
©a
8~a
o 5
• . W Ej!
S2
F f
F
P
28.
[
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<1 #»•V|——© to Wto >-•to tOtOita ■**©►-'•-» C5to b-*to
©•~‘ CC©GOW©©©©©C»-‘ OCC©M©©if*.WK>tO^J-JJO
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• co m
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to. CO to- - O**vl to WO©^J —<
2.
ST
28, 1897
M
J
If*
*
-0 •'3,
*-*#*■©'
Movement to May
1 12,680 14,400,329 1 24,371
;
to
to
CO
•
OS’
©
•
10to
*6.; MbO-l—CDOi^-W©**-^©©,
octoto
w • *o*.© © i-*© ^i® © © © © © . a o © ©
h
o
CO
to
•-* w
y
:
; ?£*$*** m w
r to mj-*
to *© to ©to h-t‘ CO©* COto ©’© to O*MW to CO CO©to O ^-®ol0M
© ©CO^O*b-*»0; to© ©*-IOjy'|fcOrJHU3HM © to to *-3”-*•CO©
rf*^4i#*©C0© iffctO tOWtO©Ot©i*a.<J^3®CDtOt-*©CO©©#a©C0^3
—
p
*r-*
o
w
M ay
1896-97.
Week.
Since
Sept.
1
6,697 521,540
Via Cairo....................................... 1,609 264,265
301 18,316
Via P ark er....................................
2,584
133,547
532
Via Louisville............................... 1,787 139,713
361 115,174
Via other routes, Ac....................
Total gross overland............... 11,287 1,195,139
Deduct shipments—
Overland to N. Y., boston, &o.. 2,4366 308,419
4,226
Between interior towns.............
664 39,400
inland, Ac., from South.............
Total to be deducted............... 3,106 352,045
Leaving total net overland*.. 8,181 943,094
* Inoluding movement by rail to Canada.
1895-96.
Since
Week. Sept.
1.
6,764 531,742
2,239 236,294
304 18,592
1,681
1,950 131,493
4,564 104,161
798 90,746
16,669 1,114,709
1,868 265,624
8
3,379
403 48,080
2,279 317,083
14,390 797,626
The foregoing shows that the week’s net overland movement
this year has been 8,181 bales, against 14,390 bales for the
te week in 1896, and that for the season to date the aggregate net
o overland exhibits an increase over a year ago of 45,468 bales.
2
13,583,271
1895-96.
1896-97.
Since
Since
Week. Sept. 1. Week. Sept.
1.
6,628,167 17,890 5,127,619
16,152
Reoeipts
at
ports
to
May
2
8
-----CO
8,181 843,094 14,390 797,626
tfet overland to May 28................. 17,000
p W;
©
*
©
S i to ;
;
1 !to Southern
753,000 17,000 737,000
consumption to May 28
© b»: M CO CO*-- to--3to<3 • M © COCl M©'bi X ' O*CO* >-*
©
X m . a<*-©^^jto©c©rfa^i©: ©to© —© © co#- a-: © © : •-*©»-* I f
CO M. © © ^--W t0© O #--Ji-^.* c to o © © —toco#-- to© rf»-C0©
41,333
8,229,261
49,280 6,662,245
Tota
m
arketed.........................
5? M
119,303 *15,580 114,737
© interior stocks in excess............... * 11,691
8
M
co
CO
©
to Jt- ; *.M «apjUptdM p M jo p p to w © Mtc
Came into sl*rht during week. 29,642 8,209,958 33,700 6,776,982
\
Vj "m —© © - <i© ©VbsVo^© M©i-4coa-to© toto© © © © cow 10 J
Total in sight May 28..............
- 4- 4 - ; w —
—© © M -a*-!-*© ^© ^*- —co©to~o© p *
M©0»©|~*©* © K5COO )*-■07© o © CC© © CO© —to ^3^3to © © 7C© ©
North’n spinners tak'gsto May 28 31,416 1,593,906 38,570 1,529,712
* Decrease during week.
t Less than Sept. 1.
Theabovetotalsshow that the interior stocks have decreased
1
1’
©
to
©»
M
M
co**.a»tOM —w © to tc © © © >►w ** to
©©■*». <i© © ro© © w —«-*
sr
-3^ W ^ '^ P 'P P P © p WO'jOW © * pop Mo ©to M©©00 © p <|©
T
g
^ M © ^ © © V © © V o © WbO© M©VcCCO©k-ODCO©^-Vj©CO©'it*.CO
o
©^3»-©^l©p-tO© —70COtO©^3©tOtOtO#6.©Xi*-©tO©©©Ki©*- co<*
CT©©yDifaCOtO*-'J©CO©©t0^3©©©tOtOtO«©tOr-aoa>-lO©*- ©
5
In Sight and Spinners*
Takings.
147,437
during the week 11.691 bales and are now 46,148 bales less
than at same period last year. The receipts at all the towns
have been 2,423 bales less than same week last year and sriDce
Sep*. 1 they are 817 058 bales m ore than for same time in 1895-6.
It will be seen by tbe above that there has come into sight
during the week 29,612 bales, against 33,700 bales for the
same week of 1896, and that the increase in amount in sight
to-night as compared with last year is 1,432,976 bales.
THE
1050
C H R O N IC L E .
[V O L . L X 1 V .
GRAPH, R e p o r t s t o u s b y t e le - | S a v a n n a h , G e o r g i a .— W e 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 . 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 75. r a n g in g f r o m 60
ttule tn nt d r y w e a t h e r h a s p r e v a i le d
t o 02.
p
a
s
t
w
e
e
k
a
n
d
th
a
t
a
t
itdt th e
lOUOl
A u g u s t a , G e o r g i a . — T h e r a in f a ll d u r i n g t h e w e e k h a s
A lo n g t h e A t la n t ic th e c r o p re a c h e d ten h u n d r e d th s o f a n in c h , o n o n e d a y . T h e t h e r
Oiled
o f s e c t i o n s b y t h e r a in s m o m e t e r lia s im a g e d f r o m 54 t o 90, a v e r a g i n g 73.
n f
C h a r le s to n , S o u th <' ir o t in a .— T h e r e h a s b e e n n o r a in d u r
ton
is p r o m is in g , a n d
fallen,. In T< xtw
in g t h e 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 74. t h e h ig h
s
o
m
e
l
o
c
a
l
i
t
i
e
s
t
h
e
d
a
m
a
g
e
h
a
s
ur<’ r v i* ’
e s t b e i n g 92 a n d t h e l o w e s t 62.
A la b a m a a d v i c e s i n d ic a t e t h a t
utiln* at ve!
S la te b u r g . S o u th <,a r o t i •«».— C r o p s h a v e b e e n m u c h b e n
ntng lwM e r. O u r H e le n a c o r r e s p o n d e n t s t a t e s e fit e d b y t h e r a in b u t n ig h t s h a v e a g a in b e e n t o o c o o l. W e
h a v e h a d r a in o n o n e d a y o f t h e w e e k , t h e p r e c ip it a t io n
p is th ui m u c h b e t t e r o n r e c e n t l y s u b m e r g e d
r e a c h in g f o r t y - f o u r h u n d r e d t h s o f an in c h . T h e t h e r m o m
Is.
T
h
e
M
ississip
p
i
R
iv
e
r
is
s
t
e
a
d
ily
.■
(I
upl.ii
s o d ti
e t e r h a s a v e r a g e d 72*6, r a n g in g f r o m 53 t o 90.
G r e e n w o o d , S o u th C a r o lin a .— I t h a s r a in e d o n o n e d a y o f
Ui n t g h u o r e 'o m p la in e d o f in s o m e d i s t r i c t s ,
a ilin g .
T t x a * . - T h e s c a t te r e d sh m v e r s , w h ile n o t n e e d - t h e w e e k , t h e p r e c ip it a t io n r e a c h i n g fiv e h u n d r e d t h s o f a n
Ort/tv a
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 fr o m 58 t o 83 , a v e r
b w r fic ia l t o c o t t o n , a n d t h e c r o p c o n f m u a h ,'
'.f VftT.V
a g in g 70.
c
o
t
t
o
n
p
e
s
ts
w
e
r
e
r
e
p
o
r
t
e
d
in
lo
MHO
proiuLsiii
lin n
W ils o n , N o r th C a r o l in a .— W e h a v e h a d r a in o n o n e d a y o f
entitle,-', bu t t h e y h a v e n o t d o n e m u c h d a m a g e a s y e t . A t h e w e e k , t h e r a in f a ll b e i n g , f o r t y - t h r e e h u n d r e d t h s o f a n
A v e r a g e t h e r m o m e t e r , 7 0 ; h ig h e s t , 90; lo w e s t , 61.
„tn n d in m u m p la c e s o v e r N o r t h T e x a s h a s n e c e s s it a t e d in c h .
T h e f o l l o w i n g s t a t e m e n t w e n a v e a ls o r e c e iv e d b y t e le g r a p h ,
m u c h r e p la n t in g .
W a r m , s u n s h in y w e a t h e r w o u ld b e b e n
e fic ia l t o c o t t o n in m a n y s e c t io n s .
W e h a v e h a d r a in o n s h o w in g t h e h e ig h t o f t h e r iv e r s a t t h e p o in t s n a m e d a t
8 o ’c l o c k M a y 27. 1897, a n d M a y 28, 1806.
o ik d a v t h e p i s i w e e k t o t h e e x t e n t o f f o u r h u n d r e d t h s o f a n
\V K,
mi
In ch . A v e r a g e t h e r m o m e t e r 75, h ig h e s t 82 a n d l o w e s t 08.
f i i V j . 'o , - . j i ,rn *.— T h e r e h a s b e e n r a in o n o n e d a y o f t h e
w e e k , t h e p r e c ip it a t io n b e i n g t e n h u n d r e d t h s o f a n in c h .
Th,* t h e r m o m e t e r h a s a v e r a g e d 74, t h e h ig h e s t b e i n g 88 a n d
tilt! lo w e st. 00.
H u n ts v ille , T e r n s .— I t h a s b e e n d r y a ll t h e w e e k . T h e
t h e r m o m e t e r bu s a v e r a g e d 75, r a n g i n g fr o m 50 t o 01.
L a tin * . J e x a s — W e h a v e h a d m i n o n o n e d a y d u r i n g t h e
w e e k , th e r a in fa ll r e a c h i n g s e v e n t y -fiv e h u n d r e d t h s o f an
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 64 t o 91, a v e r a g
in g 78.
Ciin A n t o n io , T e x a s . - T h e w e a t h e r h a s b e e n d r y a ll t h e
w e e k , o n l y a t r a c e o f r a in . A v e r a g e t h e r m o m e t e r 77, h i g h
e s t 88 a n d lo w e s t 60.
L u t in g . T e x a s — T h e r e h a v e b e e n s h o w e r s o n t h r e e d a y s o f
t h e w e e k , th e p r e c i p i t a t i o n r e a c h i n g f o r t y - s e v 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 a v e r a g e d 76, t h e h ig h e s t
b e in g 06 a n d t h e lo w e s t 63,
C o lu m b ia . T e x a s .— W e h a v e h a d r a in o n t w o d a y s o f t h e
p ast w e e k , t o t h e e x t e n t o f t w e n t y - f i v e 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 lia s a v e r a g e d 72 a n d r a n g e d fr o m
6'. l « 83.
C u e r o . T ex a n .— T h e r e h a s b e e n r a in o n o n e d a y d u r in g t h e
« e e k , th e r a in fa ll r e a c h i n g o n e h u n d r e d t h 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 63 t o 90, a v e r a g i n g 76.
B r v n h a m , Tex an.— W e h a v e h a d r a in o n o n e d a y o f t h e
w e e k , t o th e e x t e n t o f fo u r t e e n h u n d r e d t h s o f a n in c h .
A v e r a g e t h e r m o m e t e r 70, h ig h e s t 92 a n d lo w e s t 60.
F o r t W o r t h , T e x a s .— R a in h a s fa lle n o n o n e d a y o f t h e
w e e k , t o th e e x t e n t o f e i g h t y h u n d r e d t h s o f a n i n c h . T h e
t h e r m o m e t e r h a s a v e r a g e d 76, r a n g i n g f r o m 63 t o 90.
W e a th e r fo r d , T e x a s .— W e h a v e h a d r a in o n t w o d a y s d u r
in g th e w e e k , th e r a in fa ll r e a c h i n g s ix t y - o n e 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 63 t o 89. a v e r
a g in g 76.
N ew O rlean s, L o u is ia n a .— W e h a v e h a d r a in o n o n e d a y o f
th e w e e k , t h e r a in fa ll b e in g f o u r h u n d r e d t h s o f a n in c h .
A v e r a g e t h e r m o m e t e r 77.
S h r e v e jjo rt, L o u is ia n a .— T h e r e h a s b e e n r a in o n o n e d a y
d u r in g tn e w e e k , t o t h e e x t e n t o f s ix 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 a v e r a g e d 75, t h e h ig h e s t b e i n g 89 a n d
th e lo w e s t 88,
C olu m bu s. M m i s s i p p i .— 1T h e r e h a s b e e n n o r a in d u r in g
th*’ v. . c k . M o istu re is n e e d e d . 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 89, r a n g in g f r o m 58 t o 89.
I x la n d , M is s is s ip p i.— T h e r e h a s b e e n n o r a in a l l t h e w e e k .
T h e t h e r m o m e te r h a s r a n g e d fr o m 58 t o 87, a v e r a g i n g 73-4.
1 irk xb u rg , M issisx ii-p i.— W e h a v e h a d d r y w e a t h e r a ll th e
A v e r a g e t h e r m o m e t e r 73*3, h ig h e s t 86 a n d lo w e s t 58.
L ittle L o c k . A r k a n s a s .— N o r a in a ll t h e w e e k . A v e r a g e
t h e r in o m e t o r 73, h ig h e s t 89, lo w e s t 54.
//• ;. na, A r k m x.i.s.— T h e r e h a s b e e n n o r a in s i n c e t h e 13th
o f M ay. C ro p s o n h ig h la n d s a r e s u ffe r in g fr o m d r o u g h t
a n d w o r m s . T h e r i v e r h a s fa lle n e ig h t e e n f e e t f r o m t h e
h ig h est m a r k , b u t some* la n d is n o t y e t fr e e o f w a t e r .
C o tis b e t t e r cm r e c e n t l y o v e r flo w e d la n d s t h a n o n u p la n d s .
Tin- t h e r m o m e t e r h a s a v e r a g e d 00, r a n g i n g f r o m 54 t o 84.
M em p h is. T en n essee.— W i t h t h e e x c e p t i o n o f a fe w c o o l
r iic iits tin- w e a t h e r h a s b e e n fa v o r a b l e f o r fa r m w o r k d u r in g
t h e w e e k , b u t m o is tu r e is b a d ly n e e d e d . W e h a d a s h o w e r
on S u n d a y , th e r a in f a ll b e i n g t w o h u n d r e d t h s o f a n i n c h .
■ r a n g e d fr o m 51*6 t o 88, a v e r a g i n g 72.
A <i <h rille, T en n essee.— I t h a s r a in e d o n o n e d a y d u r i n g th e
w " - k . th e p r e c ip it a t io n r e a c h i n g e i g h t h u n d r e d t h s o f a n
iti'-h . A v e r a g e t h e r m o m e t e r 67, h ig h e s t 85, lo w e s t 49.
M ob ile, A la b a m a .— T h e c r o p is m a k in g s lo w p r o g r e s s , o n
a c c o u n t o f c o o l n ig h ts a n d d r y w e a t h e r . W e h a v e b a d r a in
<iji o n e d a y o f th e w e e k , t o t h e e x t e n t o f t w e n t y - s i x h u n
d r e d ! m.« o f a n in c h . T h e t h e r m o m e t e r h a s a v e r a g e d 74. t h e
h ig h e st b e in g 87 a n d t h e lo w e s t 33.
M cm trjom 'rif, A l a b a m a .- - T h e w e a t h e r h a s b e e n w a r m a n d
d u r in g th e w e e k , t h e r e h a v in g b e e n b u t a t r a c e o f r a in .
- r" f w arr' d o i n g m u c h b e t t e r . T h e t h e r m o m e t e r h a s a v e r o g e l 71. r a n g i n g fr o m 62 t o 86.
M*j>iff<tn 1*lortticj ,■ -T h e n - h a s b e e n n o ra in d u r i n g t h e w e e k
a d
filar*
is
•
. . a t e s u ffe r in g f o r m o is t u r e . A v e r a g e
tiH -n a o m e tv r "I . h ig h e s t 94 a n d lo w e s t 00,
31021 27, ’97. M ay 28, ’96*
Feet.
Feet.
New O rleans.........
18*6
0*5
M emphis................
230
210
5*9
Nashville................ .......Above zero of gauge.
5*0
15*1
6*4
Shreveport..........
Vicksburg’, . . , ___
40*0
21*8
O c e C o t t o n A c r e a g e R e p o r t .— O u r c o t t o n a c r e a g e r e p o r t
w ill p r o b a b ly b e r e a d y a b o u t t h e 9 th o f J u n e .
P a r tie s d e s ir in g
th e c ir c u la r in q u a n titie s , w it h t h e ir b u sin e ss c a r d p r in t e d
t h e r e o n , s h o u ld s e n d in t h e ir o r d e r s as s o o n a s p o s s ib le , t o
e n s u r e e a r ly d e liv e r y .
C a n a d ia n
C u stom s
T a r if f
P o l ic y — T h e
M an ch ester
C o t t o n G o o d s M a r k e t .— I n o u r e d it o r ia l c o l u m n s t o - d a y ,
u n d e r t h e a b o v e c a p t io n , w i l l b e f o u n d a n a r t i c l e b y o u r
s p e c ia l M a n c h e s t e r c o r r e s p o n d e n t .
J u t e B u t t s , B a g g i n g , & c .— J u te b a g g in g h a s b e e n in lig h t
d e m a n d d u r in g t h e w e e k u n d e r r e v ie w , b u t p r ic e s a r e u n
c h a n g e d a t 5J^c, f o r 1% lb s ,, 5 % c . f o r 2 lb s. a n d 6J^c. f o r
s ta n d a r d g r a d e s . C a r -lo a d lo t s o f s t a n d a r d b r a n d s a r e q u o t e d
a t 5 % e . f o r 1% lb s ,, 5 % e . f o r 2 lb s . a n d 6% c . f o r 2 i { lb s . f . o .
b ,, a t N e w Y o r k . J u te b u tts h a v e ; b e e n v e r y q u ie t a t l*03 c,
f o r p a p e r q u a lit y , l*2 5 c. f o r m i x i n g a n d l % c . f o r b a g g in g , a ll
t o a r r iv e .
I
C
M
F
P
.—
n d ia otton o v e m e n t rom a l l o r t s T h e r e c e ip t s
a n d s h ip m e n t s o f c o t t o n a t B o m b a y h a v e b e e n a s f o l l o w s f o r
t h e w e e k a n d y e a r , b r i n g i n g t h e fig u r e s d o w n t o M a y 27.
BOMBAY RECEIPTS AND SHIPMENTS FOR FOUR YEARS.
Shipments since Sept.
Shipments this week.
Tear Great Conti
Great
B rit’n. nen t. Total. B ritain
31.000 31.000
’96-7
>95-6 5.000 16.000 21.000
.94-5 5.000 1,000 6,000
.93-4
30,000 30,000
Conti
nent.
1.
Receipts.
This
Week.
Total.
26,000 483.000
69.000 638.000
22.000 325.000
44,000 651.000
509.000
707.000
347.000
695.000
Since
Sept.
1.
50.000 1.383.000
63.000 1.962.000
74.000 1.274.000
56.000 1.543.000
A c c o r d in g t o th e fo r e g o in g B o m b a y ap p ears t o s h o w
a d e c r e a s e c o m p a r e d w i t h la s t y e a r in t h e w e e k ’s r e c e ip t s o f
13,000 b a le s a n d a n in c r e a s e in s h ip m e n t s o f 10,000 b a le s , a n d
t h e s h ip m e n t s s in c e S e p t. 1 s h o w a d e c r e a s e o f 198,000 b a le s .
T h e m o v e m e n t a t C a lc u t t a , M a d ra s a n d o t h e r I n d ia p o r t s f o r
t h e la s t r e p o r t e d w e e k a n d s in c e t h e 1st o f S e p t e m b e r , f o r t w o
v e a r s, h a s b e e n a s f o llo w s . “ O t h e r p o r t s ” c o v e r C e y l o n ,
T u t io o r in , K u r r a o h e e a n d C o o o n a d a .
Shipments f o r the week.
Great
B ritain.
Calcutta—
1896-97...
1895-96...
Madras—
1896-97...
1895-96...
All others—
1896-97...
1895-96...
Total all—
1696-97...
1895-96...
......
......
. . . ___
Continent.
2,000
3,000
1,000
3,000
Total.
Continent.
1,
Total.
1,600
10,000
6,000
10,000
23,000
14,000
53,000
62,000
14,000
8,000
74,000
70,000
59,000
72,000
20,000
18,000
97,000
84,000
35,000
34,000
141.000
140.000
176,000
174,000
2,000
6,000
3,000
1,000
4,000
3,000
5,000
i,6 6 o
5,000
8.000
5,000
9,000
......
Shipments since Sept.
Great
B ritain.
T h e a b o v e t o t a ls f o r t h e w e e k s h o w t h a t t h e m o v e m e n t f r o m
t h e p o r t s o t h e r t h a n B o m b a y is 4,000 b a le s less t h a n t h e s a m e
w e e k la s t y e a r . F o r t h e w h o le o f I n d ia , t h e r e f o r e , t h e t o t a l
s h ip m e n t s s in c e S e p t e m b e r 1, 1898, a n d f o r t h e c o r r e s p o n d in g
p e r io d s o f t h e t w o p r e v io u s y e a r s , a r e a s f o l l o w s .
EXPORTS TO EUROPE PROM Ai
INDIA.
Shipments
(0 alt Europe
1896-97.
This
week.
Since
Sept.
1895-96
This
week.
Situ
Sept. 1
1894-95.
This
week.
Since
1.
Sept. 1.
31,000 509.000 21,000 707.000 6,000 347.000
Allother ports 5,000 170.000 9,000 174.000 7,000 125.000
36,000 685,000 30,000 881,000 13,000 472,00
Total
from —
Mat 29, 1897. J
THE
C H R O N IC L E
1051
A l e x a n d r ia R e c e ip t s and S h ip m e n t s . —Through arrange Government W eekly Cotton R eport.—Mr. W . L. Moore,
ments we have made with Messrs. Davies, Benaohi & Co., o f Chief of the Weather Bureau of the Agricultural Department y
Liverpool and Alexandria, we now receive a weekly cable of
the movements of cotton at Alexandria, Egypt. The following made public on Tuesday the following telegraphic reports on
are the receipts and shipments for the past week and for tht the crops in the Southern States for the week ending May 24:
corresponding week of the previous tw o years.
V ir g in i a —Cotton up and being worked.
,
,
26.
Receipts (oantars*)___
This week.................
Slnoe Sept. 1..............
1896-97.
A lexand ria E gypt
M ay
1895-96.
1894-95.
16,000
5,753,000
This
week.
8,000
5,196,000
Since
This
Since
Sept. 1. week. Sept. 1,
—Too dry and cool for rapid growth; fields clean
and chopping
well cultivated;
corn rapidly.
and cotton continue small but healthy; cot
ton
progressing
G e o r g ia . —No raia and abundant sunshine during the week were
favorable for farm work, but rather detrimental to growing crops;
Since
early p art of week too cool, last half more favorable; cotton and dorn
Sept. 1. improving slowly and nearly all worked.
2,000
4,534,000
This
week.
Exports (bales)—
3.000 313.000 2,000 322.000 2,000 261,000
To C ontinent!........... 3.000 333.000 1,000 301.000
316,000
Total Europe.. .. 6,000 651,000 3,000 623,000 2,000 577,000
* A oantaris 98 pounds.
t Of whloh to Am erioain 1896-97, 47,597 bales; In 1895-96,53,917
bales; In 1894-95, 40,893 bales.
This statement shows that the receipts for the week ending
May 28 were 16,000 cantars and the shipments’to all Europe
6,000 bales.
Manchester Market .—Our report received by cable
to-night from Manchester states that the market is dull for
both yarns and shirtings. The demand for home trade is
poor, but for foreign markets is good. We give the prices
for to-day below and leave those for previous weeks of this
and last year for comparison.________________________
32#
1897.
8*4 lbs.
Shirt OotVn
Cop. ings, common Mid.
Twist.
to finest.
TTplds
32#
of
N o r t h Ca r o l i n a .— Fa v o ra b le w e e k f o r w o r k , w ith e x c e ss
sun
shine an d d e ficie n cy o f p re cip ita tio n , b u t c o o l n ig h ts re ta rd in g
g ro w th ; sta n d o f c o tto n fa ir, p la -.ts s m a ll b u t h ealthy.
S o o t h C a r o l in a .
1896.
8 *4 lbs.
Shirt Ootfn
Cop. ings, common Mid.
Twist.
to finest.
Upldt
d. d. s. d. s. d. d. d. d. s. d. s. d. d.
Ap.23 8Le 9 7 h e 4 0 ®6 7 4i« 61* ®738 4 41a®6 8ha 41332
“ 30 SH ®73s 4 0V®6 71* 4^4 6i* ®73a 4 4 ^ 6 9 41332
May 7 60ia ®7"ie 4 1 * 6 71,
6®ie ®77], 4 5 ^ 6 9*3 ll 8
“ 14 6is ®7% 4 0i*®6 7 S S 6»1S ®7716 4 5 ®6 9 i43s
“ 21 6% ® 7ti 4 0i*®6 6
4 5*a®6 9
6®is *7''i6
“ 28 63], ®7»8 4 0ia®6 6 f i r 67],
4032
®73g 4 5 -ae 9 4518
S ea I sl a n d C o tto n M o v e m e n t . — We have received this
F l o r i d a .—R ain n e e d e d f o r co rn , ca n e , c o t t o n , & c.; cu tw o rm s c o n
tin u e b a d in s om e lo ca litie s; d r y w e a th e r, ra th e r c o o l n ig h ts, r e ta r d
in g g r o w th o f co tto n .
A l a b a m a .—
Week dry, but very favorable for cotton and corn, which
are much improved; cutworms not so numerous; cotton chopping
nearing completion.
M is s is s ip p i —Cotton and corn improving, although lice, worms and
cool nights have injured the stand in some places and some land has
been replanted; planting on lowlands progresses as water recedes.
L o u ih ia n a .—Week favorable for field work and chopping cotton; the
prevailing cool nights retarded growth of all vegetatiou; cotton shows
but slight improvement, oontioues sickly and lousy; crops somewhat
backward but will improve with warmer nights aad showers.
T e x a s .—G oo d g r o w in g w e a th e r im p r o v e d co tto n , w h ich is m a k in g
ra p id a d v a n ce m e n t g e n e ra lly and o v e r sou th ern p o r tio n fo rm in g
squ ares an d b o lls , s om e lice re p o rte d fro m so u th e rn p o rtio n ; c r o p
cle a n , e x c e p t ia s ca tte re d lo ca litie s w h e re to o m u oh rain fo r p ro p e r
cu ltiv a tio n .
A r k ansas
—Temperature favorable, but lack of precipitation detri
mental to growth; cotton and corn improved, though stand of former
poor; both crops well worked, but plants small for season; general
rain much needed; cutworms about ceased their depredations.
T e n n e s se e .— Favorable weather enabled farmers to progress rap
idly in cultivating young crops; light rains Friday in east and middle
sections; cool nights injurious to corn and cotton; much early cotton
plowed up and area replanted.
O k l a h o m a .—The best growing week of the season; oorn, cotton a n d
grass growing fast.
The Department summarizes these reports as follows:
Cotton has experienced general improvement in Texas and has m ade
rapid advancement over the southern part of the State, where squares
and bolls are forming. Decided improvement is also reports i from
Alabama, with favorable reports from Arkansas and Georgia. Cool
niehtsliave proved injurious in Tennessee, and but slight improve
ment Is reported from Louisiana, where the plant is sickly and is
being injured by lice. While cool nights have unfavorably aftsoted
the crop in Mississippi it shows improvement. In the Carolinas the
plant is small but healthy.
(Friday) evening by telegraph from the various ports the
details of the Sea Island cotton movement for the week. The
receipts for the week ending to-night (May 28) and since
State W eekly Cotton R eports.—W e give below summaries
Sept, 1, 1896, the stocks to-night, and the same items for the of the reports for the week ending May 24 issued by the:
corresponding periods of 1895-96, are as follows.
various States, under the auspices of the Weather Bureau of
1896-97.
1895-96.
Block.
the United States Department of Agriculture, so far as they
Receipte to May 28.
This
Since
Since
TMe
1897. 1896. apply to cotton.
week. Sept. 1. week. Sept. 1.
V i r g i n i a —The warm and showery weather which prevailed during
greater portion of the week has done much to counteract the un
Savannah..........................
18 *84,011 123 76,974 9,109 2,720 the
effects of the previous oool and dry weather. A larger
Charleston, Ao.................
9 10,389
71 10,491 1,729 648 favorable
acreage
usual has been p ut to ootton in the counties where this
Florida, Ao........................
6,733
4,783 2,567 916 staple is than
grown, and the product is up and being worked.
N o r t h C a r o l in a .— Eastern District,—The past week was sunny and
Total.............................
27 101,133 194 92,248 13,405 4,284 warm
during the day, but the nights were quite cool, and, excepting
* 1,097 bales added as correction of receipts slnoe Sept. 1.
scattered showers one or two days, the weather was quite dry. Crops
The exports for the week ending this evening reach a total of all kinds have made some improvement and are clear of grass. Cotton
ohopping is progressing; cotton small but fair stand; too cool for oot
of 433 bales, of which 438 bales were to Great Britain, — ton,
which does not look as well as it might. Central District.—The
to France and — to Reval, and the amount forwarded reports from this district are generally favorable. Cotton and corn
to Northern mills has been 310 bales. Below are the exports continue to grow slowly, but though backward are looking healthy.
Cotton ohopping going on; growth very irregular; some replanting
for the week and since September 1 in 1896-97 and 1895-96.
still necessary. Western District.—The week has been generally favor
although the nights were too cool. Crops made considerable
Week Ending May 28. Since Sept. 1, 1896. North’n Mil 8. able,
progress the latter half of the week, though all growth has been more
E xports
or
less
checked by oool nights. Cotton has good stand, being chopped
from —
Great Fr'nce
Great F r’ nce
Since
Total. B rit’n.
Total. Week. Sept. 1. out; growth backward.
dkc.
Brit’n.
dkc.
S o u t h C a r o l in a .— Cotton has improved somewhat, and no com
are received of poor stands, exoept from Abbeville, Green
EPvann’h, <ko
3,176 18,204 300 28,037 plaints
......... ......... 15,028
Edgefield, Barnwell and Saluda, where on certain lands the
2,933
2,933
10 1,970 wood,
is dying. The plants, while small, are healthy, and although
Florida, Ao.
6,733 plant
somewhat irregular as to size, stands are otherwise nearly perfeot, and
New York..
2
2 10,884 6,702 17,586 ......... — require
very little “patching” by replanting, over the State generally.
436
436 11,813
11.813
“Chopping out” Is progressing rapidly and is nearing completion in the
Phila., Ac...
3,622 102 3,724 ......... —
.........
more easterly counties, while in the northwestern counties is only
well begun, as cotton is not all up yet. The plant Is iu a satisfactory
T otal........ 433
438 44,280 9,930 54,260 310 36,740 condition
and in excellent shape to respond to more favorable weather
for
growth. Sea Island cotton made slow growth and stands in need
Total 1895-6 477 100 577 41,352 7,146 48,493 649 39,851 of rain.
A considerable portion of the Sea Island cotton shipped to
G e o r g ia .—During the week just ended the w eather has been very
foreign ports goes via New York, and some small amounts via dry. Unseasonably low tem perature at night characterized the early
pare
of the week, and as a consequence vegetation had its growth
Boston and Baltimore. Instead o f including this cotton for somewhat
retarded. The cool nights were especially unfavorable to
the week in which it leaves the Southern outports, we follow cotton. More favorable tem perature conditions prevailed during the
the same plan as in our regular table o f including it when last half of the week, and a steady though slow improvement in aU
actually exported from New York, &c. The details of the growing crops was the result. Cotton generally is not as good as
It is about two or three weeks late and muoh of the crop has
•hipments o f Sea Island cotton for the week will be found usual;
been injured by bugs; some fields have been entirely destroyed. It
unaer the head “ Shipping News,” on a subsequent page.
has been well worked, and is now ready for and: wanting good rains
Quotations May 28 at Savannah, for Floridas, common, and seasonable temperature.
F l o r id a .— Rains needed for corn, cane, cotton, &o. Cutworms con
8c.; medium fine, 10c.; choice, 13J^c.
bad in some localities. Rather cool nights are retarding the
Charleston, Carolinas, medium fine, 15@17c.; fine, 18c.; tinue
growth
of cotton.
fully fine, 19@20c.; extra fine, 2S@33c.
A l a b a m a .—There was an entire absence of rainfall in this section,
E x c h a n g e s .— T h e f o l l o w i n g exchanges have been made and while the week opened with continued cool nights, the last half
was warm, forcing and particularly beneficial to cotton and oorn, and
d u r in g t h e w e e k :
materially lesseued damage by cutworms. Cotton has improved
03 pd. to exch. TOO June for July. •09 pd. to exch. 200 Jan. for Sept. steadily
recent warm weather, and while stands are poor and it
39 pd. to exoh. 100 Jan. for Aug. •32 pd. to exch. 2,500 Sep. for J ’ne. is about under
two weeks late, it is looking well and is generally clean, and
.44 pd. to exoh. 100 Oct. for Aug. •01 pd. to exch. 100 June for July. many a good
cotton
crop has been made with a worse start; damage
.02 pd. to exch. 1,400 A uk. for J ’ne. •04 pd. to exoh. 200 Aug for June. by worms is steadily decreasing
and ohopping out is being pushed to
.04 pd. to exoh. 2,400 Aug.f or J illy. •50 pd. to exch. 100 Oot for June. completion;
there
is
some
complaint of damage by lice in southeastern,
41 pd. to exch. 300 Oct. for A uk . 03 pd. to exoh. 200 Aug. for June. counties.
'02 pd. to exch. 100 Nov. for Oct. •48 pd. to exch. 100 Oct. for Aug
M is s is s ip p i —The week was dry and sunshiny, with about normal
'42 pd. to exch. 700 Oct. for A uk . •01 pd. to exch. 300 June for July. tem
for the season. Cotton and corn are improving, althougn
*10 pd. to exoh. 600 Nov. for Feb. •04 pd. to exoh. 100 Aug. for May. muchperature
Injury is reported to date by cutworms, lice and oool nights,,
*13 pd. to exch. 600 Oct. for Sept. Even 100 June for July.
and
s
une
replanting
has been necessary. Planting continues on the
Even 2,000 May for June.
•01 pd. to exch. 200 June for July.
as the water recedes. Rain would be benefloial to all crops.
*09 pd. to exoh. 300 Jan. for Sept. 01 pd. to exch. 100 Aug. for June. lowlands
L o u is i a n a .— Field work progressed rapidly under the favorable
*30 pd. to exoh. 500 Mch. for A uk - •40 pd. to exch. IOC Oct. for Aug. weather
conditions, and all crops and vegetation show a general
•03 pd. to exch. 700 A u k . for July. •03 pd. to exch. 600 Aug. for July. improvement,
except cotton, which has become lousy, and continues.
•14 pd. to exch. 200 Oct. for Sept. 02 pd. to exch. 1,700 J ’ne for July
E x p o r t s o r O o t t o s G o o d s f r o m G r e a t B r it a in . —B e lo w
w e g iv e t h e e x p o r t s o f c o t t o n y a r n , g o o d s , & c „. fr o m G r e a t
B r ita in f o r th e m o n th o f A p r il a n d s in c e O c t o b e r 1 in
lb;*t’>-87 an d 1895-96, as c o m p i l e d b y u s fr o m t h e B r itis h B oard
o f T ra d e rot-urns. I t w i l l b e n o t ic e d t h a t w e h a v e r e d u c e d
th e m o v e m e n t a ll t o p o u n d s .
Ololh.
2otai of All.
mo$ om-itu4,
1805-00 1800-97 1895-90 1890-9?
1805-90
Y&i,
442.8-17
418337
409,303
Lb*
110,169
104,431
90,680
L*».
79,773
75*068
82,208
1,218,371 [ca n ,04? 237,049
Jeatury.,.. tt,i8l 32.59C 447.452} 437,480 85,229
F,binary.... 19.9 9 21,421 303,919! 453.009 09,318
Marob......... 24^39 23.940 434,881 441,944 82,73-*
L6#.
LJm.
85,201 103,212
80,087
97,182
78,842 104,416
£
Fd#. !
Lb#.
24,878 419,04a:
28.7«M 397,483;'
19,747 43i,83S»|
1 ?*l i
Lbi.
oetobvr. ... £8,409
»OT«mb,r.. 21,614
December... m,2 Q&
T otd n guar 07,101
2 5 3
18S6-97 1695-96 lS9rt-»r
804,810 313,180
103.410 105,978
89.25? 107,659
107.578 108,081
Tot, 3d quar 8j,U*,0 68.006 1,244,752[ 1,332,433 237.280 253.652 308,245
Total 0 mo*- 133.150 136,455 2,403,123ke08,i80i474,935 498,15.' 003,085
AwO.
££.083 23.400 340,872! 401.397 00,07 i 78 413 83.691
•wektojt, and
fetttOryaniali
15,33
Total an*>rt# o f cotton mamif&ctarofl................. .. ...
321.718
034,90?
09,819
078
14,944
712,720 750,318
T h e f o r e g o in g s h o w s th a t th e r e h a s b e e n e x p o r t e d fr o m t h e
U n ite d K in g d o m d u r in g t h e s e v e n m o n t h s 718,720,000 lb s.
o f m a n u fa c tu r e d c o t t o n , a g a in s t 750,348,000 lb s. la st y e a r , o r
a d e cr e a s e o f 38,628,000 lbs,
A fu r th e r m a tt e r o f in t e r e s t is t h e d e s tin a t io n o f th e se
e x p o r ts , a n d w e h a v e t h e r e fo r e p r e p a r e d th e fo l l o w i n g
sta tem en ts, s h o w in g t h e a m o u n ts ta k e n b y t h e p r in c ip a l
c o u n tr ie s d u r in g A p r il a n d s in c e O c t o b e r i in e a c h o f the
la st th r e e y e a r s :
b x roiir* o r pikck goods and tarns to raisciPA r, countries in
Aruu. AND FROM OCTOBER 1 TO APRIL 30.
April.
Oct. 1 to AprU.80.
PW7. I 1*88. I 1865.
■ui i
X-
1806 0?. 1895-05.
...
20 MW4 157,565 1,182,420 1,210.1
*«d Africa... j 6»,Six*3 m, ill I 68.00? 476.188 881,129
..........
42,lifU 46,148 040.826 430,721
r k v j i ........ | ^ ,'im
214,702 25,001 179,738 180.903
................ 3t,ft83 30,681 65,924 278 663 892,845
‘ ifi.suw 18378 22,684 107,113 187,007
W S l j “20.171
“ “ “ 20*570 210,204 218,399
1891-95.
i,383,337
494,637
271,712
160,590
344,459
100.108
850,428
... 13-40.8721101,397
. . . ....... 402,038 2,810,903 3,005,783 3,,060,277
*MSfl JC3.870 43,587 £2?.046 £20,218 jt27,722
............... .
Taritey)
2.885J 2,«53 3,851
3,712 4,030
0,847 4.1Ml 4,680
5.2 40 4.713
1.100f 2.003 ii.aod
i.HOH
!.1W5 u m
1,432 1,588
21.87* j
2l,0«4j
26.3JO]
26.8691
24.070
10,2101
10,273
10.634
10.674
27.854
.9.620
27,828
10,103
10.883
0,402
- - H 1.205
140.696
21,089
27,323
31,595
80,700
14,063
15,801
10,451
151,985
£5.498
T h e P o t, l o w i n g a r e t h e g r o s s k e o k i p t s o f O o t t o s
N e w If ir k , d H t o n , P a i l a i e l o h i a a n d B a l t i m o r e f o r t h e pas'*
w e e k , t a d s i n c e S e p t e m b e r 1, 1896
Receipt#
fro m —
N. Orleans...
T exas.......
BavaniTh &e
Mobile .....
Florida.......
80. Carolina
No. Carolina
Virginia,, ..
North, ports
Tenn., Sto...
Foreign-......
Total...... .
N»W fOBE.
s** c
. n .„■ !
week was generally favorable for
tch fern* work u t- done, T keahow em atthe
t m u c h
for general farm ing iuteti rente e iic n t . Cotton planting is completed
r tic- uorthwii t e m ttortion o f too State, anu
■a* been tlotio in localities over North Texas,
. clioppod and worked out, its' rente fields
,.!* ana grass, and more dry weather would
ui the entire crop ami pat it in an excellent
rein the western portion o f the State that
co tto n * * much as they were at last report,
re doing some damage to the crop in places
ortion Early.planted cotton la not so promising
while over She »som horn portion it is growing
'St
» consto-noed fretting.
The warm weather and abundant snnshino has been
■for 1.U crops, though the lack o f rain lias been detrli. Cutworms have reared their depredations to a great
Cotton
qi» ttm ugh there ore some fetv complaints in localities
.4 considerably and is holDg chopped out. The plant is
kii: and stand generally poor, and some com plaint o f dying o f the
planting from hu k o f moisture.
Tt; sjtussKE.—The early part o f the week was cool and dry. and the
ltttti r pan warmer, with light showers In the eastern and middle secThese favorable conditions enatdedfarm ersto advance rapidly
w oik o f com pleting the later plantings and o f cultlvailng lhu
„• ,;re|i of corn and cotton. The nights ware too eool for the
•by growth o f the young corn and cotton, besides prom oting the
coaUti.tu d depredations o f the cutworm s and the htidwonus on these
crop*i nd gardens. The first tdantinga o f cotton d eveloped such bad
that much o f the area was plowed up and planted over. Good
r.,u.- are much needed In all parts o f tae State.
Mtwrerni.—The past week averaged considerable warm er than usual
ex n pt in the southeastern section, where the tempera- are was about
notmal. I'p to Saturday noon the rainfall was very light In all sec
tions, ami over tin- greater portion o f the State there was none, b u t
during Saturday afternoon and night good showers fell In m any o f the
central and uothern counties and were o f great benefit to all growing
cropr. The week ba« bc»n very favorable for w ork in the fields, hut
in most sections crop# suffered to a greater or less e x ten t from lack o f
moisture.
O iu a ito iu ash I n d u s T e b r it o r y .—Ex cept a few light, local
showers, no i aln fell, and every day was clear and ploasa it, This lias
t« wu In fur the best growing week o f the season,and crops o f all kinds
have made remarkable growth. Cotton, too. shows a better growth
and h-ok* better than form rly, especially throughout the southern
*ce!ion. Although a good stand is rare, a great deal o f replanting has
been done throughout oentraL sections, and some Holds planted to cot
ton have been plowed aud planted to other crops.
H i g h W a t e r in t h e M i s s i s s i p p i .— O ar t e le g r a p h ic a d v ic e s
th is e v e n in g in d ic a t e t h a t th e w a te r is r e c e d in g s t e a d ily a t a ll
p o in t s a n d t h a t m u c h o f t h e la u d ia n o w c le a r o f o v e r f lo w ,
P la n t in g is b e in g c a r r ie d o n as r a p id ly as p o ssib le .
s
litis «>v*'r areas hi the mtrthwo^t, Worti!*
, , , f , .,*•[■{>, and f!*p prep is reported small
,v »u
cfi-.i'fts. ‘rise cotton is nearly si!
.
more favorably rv-gsrdinp ibe
h re .trn i ami ventral portions Of the State,
trom wUioit w ra r bar receded, in Ike
YamJtThread.
fVOL, LXIV.
< H R O N IC L E .
1
*
Iz •
»
THE
10 5
1,879
1,902
S in c e
S e p t ,* .
211,470
191,5^
S58.I80
4,890
90S 101*343
400 27,903
100 100,889
.....
S in c e ] Thi#
S e p t. 1. w e ek .
w eek.
612
......
8,050!
113,723!
1,600
354
1,221
S e p t.
83
........
207
Sine*
I
138,108
74,994'
155*403'
35,900
....
6,258 1,016,502
4,054
555,017
910,378
4,083
579,842
744
Last year.... 13,294
700
Baltimorb.
Thu
. w eek .
8<nc«
S ept. \
540
77,531
1,176
262
-J1,557
8,188
•,.
ne,«33
324
60,808
...re
57,005
8,032
255,270
54,087
4.072
177,411
14,081
.........
28,713
657
......
740
12
48,157
11*097
PaiLADlfiPH’A
ROEIOR,
This
■Sh i p p i n g N e w s .— T h e e x p o r t s o f c o t t o n f r o m t h e U n it e d
S ta te s t h e p a s t w e e k , a s p e r la te s t m a il r e tu r n s , h a v e r e a c h e d
52,309 b a le s. S o f a r a s t h e S o u t h e r n p o r t s a r e c o n c e r n e d t h e s e
a r e t h e s a m e e x p o r t s r e p o r t e d b y t e le g r a p h a n d p u b lis h e d in
t h e C h r o n i o l e la s t F r id a y . W i t h r e g a r d t o N e w Y o r k w e
in c lu d e t h e m a n ife s ts o f a ll v e s s e ls c le a r e d u p t o T h u r s d a y .
Total bales.
N e w Y ork —T o Liverpool, per steam ers Aurania, 7 4 7 .—
Cevic, 5,912 upland and 3 Sea I s la n d ................. . .......... .
6,662
To Bull, per steam er Francisco, 1,853....... ........................ .
1,853
T o Havre, per steamers Cadwallon, 1 ,7 0 5 ...L aC h am pagn e,
928 .................... ................... .............................................. .
2,833
To Bremen, per steamer Trave, 622................... ........... ......... .
622
To Hamburg, per steamer A*tuna, 6 2 5 ....................
625
To Antwerp, per steamers K ensington, 1 0 0 ... St. Enoch,
1 ,0 7 5 .... .......... ...........................
......................................
1,175
To Barcelona, per steam er Powhattan, 1 ,1 0 0 .. ..________ _
1,400
To Genoa, per steamer W eera, 691 . . . — ............... ............ .
691
To Naples, per steamer WVrra, 7 0 0 . . . . . . .................................
700
To Japan, per steamers L iv, 100
M orven, 17. . . ............ .
117
N e w O klea 'vS T o Bremen, per sieam er Hermann, 5,798 . . . . . . 5,798
To Barcelona, per steamers Gran Antilia, 2,*98 ...P io IX ,,
1,150. ...........
.............................
.......................... .
. 3,448
To Genoa, per steamers Gran Antilia, 2 ,2 3 4 ....P io IX.,
1,350___Portuguese Prince, 4,7 00.............................. ..........
8,284
T o Santander, per steamer Pio I X , 200 — . . .
.......
200
7,001
Galveston -X < H avre, per steamer Belgian K ing, 7 ,0 0 1 .. .....
m obile To Liverpool, per steamer E tbiepe. 4 8 6 ..........................
486
N ohf ilk —To Liverpool, per steamer A shm ore, 4,217— . . . . . . .
4,217
To Hamburg, per steamer Lambert’s Point, 1,016____ ____ _ 1,016
B oston i < Liverpool, per steamers Oestrian, 467 upland a rd
436 Sea Island
Corinthia, 3 3 2
Kansas, 1 4 ...S cyth ia,
351
Yiotorian, 385 Sea Island....... .
............. .
1,985
Balt im o r e —To Liverpool, per steamer Ulstermore, 2 6 .... . . . .
26
2,133
To Bremen, per steamers Aachen, 1,059
Halle, 1,074 . . .
To Hamburg, per steamer Christiana, 1,000.
.............
1.C00
P h ila d e l p h ia — To Liverpool, per steamer R hynland, 1 3 7 ......
137
Ban F rancisco —To Japan, per steamer China, ICO...............
100
Total ................................................ ................... ......................... ’ 52 309
T h e p a r t ic u la r s o f t h e s e s h ip m e n t s , a r r a n g e d in o u r u s u a l
Brem en
IS’Iona,
<£• dam- A ul- Genoa,
L iverpool. Hull. Havre. bing. toerp.
do.
Japan. Tota .
117 16,478
Sew Y ork. 6,662 1,853 2,633 1.247 1,175 2,791
11,932
17, 30
5,798
7,06 i
7,001
Galveston.,
486
486
M o b ile ___
5,233
1,016
S o r fo lk ___
4,217
1,985
1,986
doston, . . .
3,133
26
3,159
Baltimore.,
rflT|
rTr
137
137
Philailel’ft..
100
100
3an F ran..
........
.........
.......
___
__ __ ......
__
......
_ __
_,_r _
__
......
__
__
_...
__ __
......
-_
_rTTr*. ___
Tooal — 13,513 1,853 9,634 11,194 1,175 14,723
117 52,309
B e lo w w e a d d t h e c le a r a n c e s t h is w e e k o f v e s s e ls c a r r y i n g
c o t t o n f r o m U n it e d S t a t e s p o r t s , b r in g in g o u r d a t a d o w n t o
t h e la t e s t d a t e s :
G a l v e s t o n —To L iverpool—M ay 2 1 —Steamer Vesta, 6 ,3 4 4 .
To Hamburg—May 22 —Steamer H ercynia, 586.
T o G enoa—May 22—Steamer British P rloce, 1,876.
Ne w O rleans T o L iverp ool—M ay 21—Steamer Barbadian, 4,971
To Hamburg—May 22—Steamer Port Hunter, 2,75 8.
No r f o l k - i o H amburg—May 22—Steam er---------- , 204.
»«,('Tor- -T o L iv en o>l—May 24—Steamer Michigan, 30.
To Yarm outh—May 21 -S tea m t Yarm outh, 49.
B a l t im o r e To H a vre—May 2 6 -S team er Karorm, 600.
To Brem en—May 2 6 —Steamer Willehad, 1,641.
P h i l a d e l p h i a - To L iverpool—M ay 22—Steamer Indiana, 183.
c o t t o n fr e ig h t s a t N e w Y o r k t h e p a s t w e e k h a v e b e e n
as fo llo w s .
Satur.
Mon.
Tues.
(Vcdiies. T/mrs.
Fr\
151
151
151
151
U verpool,asked. d.
151
151
301
30f
301
301
30*
H avre................... c.
301*
Brem en,..............cl. 25*27 «*! 25-27 Hit 25-27V 25*2 7^1 25-27^1 25-27'al
251
291
251
25*
251
251
H am burg............d.
25 i
251
25*
251
251
A m sterdam ........ e.
251
40t
401
401
401
401
401
Reval, v, Hamb..ri.
361
36i
36t
36t
Do v. H u ll...if.
361
36t
Barcelona........... d.
241
24!
241
24t
211
241
G e n o a ................. <1.
281
281
281
28t
281
281
Trieste................. d.
h
*8
A ntw erp..............d.
>8
H
G hent,v.A n tw ’p.d.
532
S,2
5,2
b39
Ha
! Cents net per 100 lbs,
...
....
...
..
....
....
May 29, 1897. J
THE
C H R O N IC L E ,
L i v e r p o o l . — B y oable from Liverpool we have the following
statement of the week’s sales, stocks. &o., at that port.
M ay 14
M a y 7.
S a le s o f t h e w e e k ............ b a l e s O f w h ic h e x p o r t e r s t o o k —
O f w h ic h s p e c u la to r s t o o k . .
B a le s A m e r i c a n ...............................
A c t u a l e x p o r t ..................................
F o r w a r d e d .........................................
T o t a l s t o c k — E s t i m a t e d .............
O f w h ic h A m e r i c a n —E s t i m ’ d
T o t a l i m p o r t o f t h e w e e k ..........
O f w h i c h A m e r i c a n ..................
A m o u n t a f lo a t .................................
O f w h ic h A m e r i c a n ..................
M ay 21.
M a y 28 .
5 0 .0 0 0
4 0 .0 0 0
4 4 .0 0 0
4 0 .0 0 0
2 ,0 0 0
2 ,3 0 0
1 ,4 0 0
1 ,0 0 0
1 ,0 0 0
400
400
900
4 4 .0 0 0
3 6 .0 0 0
4 1 .0 0 0
3 7 .0 0 0
8 ,0 0 0
8 ,0 0 0
5 ,0 0 0
7 ,0 0 0
5 9 .0 0 0
5 2 .0 0 0
6 7 .0 0 0
5 5 .0 0 0
1 .1 7 6 .0 0 0 1 ,1 4 7 ,0 0 0 1 ,1 5 2 ,0 0 0 1 ,1 2 5 ,0 0 0
9 7 2 ,0 0 0
9 9 8 ,0 0 0
9 9 8 ,0 0 0
1 .0 2 6 .0 0 0
4 5 .0 0 0
3 1 .0 0 0
4 0 .0 0 0
6 4 .0 0 0
2 9 .0 0 0
5 2 .0 0 0
3 2 .0 0 0
2 3 .0 0 0
5 5 .0 0 0
9 3 .0 0 0
5 7 .0 0 0
9 1 .0 0 0
8 5 .0 0 0
4 5 .0 0 0
8 5 .0 0 0
5 0 .0 0 0
The tone of the Liverpool market for spots and futures each
day of the week ending M iy 23 and the daily closing prices
of spot cotton, have been as follows.
Spot.
Saturday Monday. Tuesday. Wed’day. Thursday. Friday.
M a rk e t, (
1 : 4 5 P. M. J
D ull.
M ld .U p l ’ d s . ,
S a l e s .............
S pec. & e x p
Sm all
inquiry.
M oderate H a rd e n ’g. M oderate In b u y e rs ’
dem and.
dem and.
fa v o r .
4%
433a
4332
4333
5 ,0 0 0
300
8 ,0 0 0
500
8 ,0 0 0
500
4%
4%
7 ,0 0 0
500
8 ,0 0 0
500
7 ,0 0 0
300
Steady.
Q uiet at
partially
1-64 dec.
Steady at
1-61 d e
clin e.
Q uiet.
Steady.
Q uiet.
Futures.
teady at S teady at
M a r k e t , ( ^Steady at Spartially
partially
p . M .j 1a d eclin e.
1-61 dec. 1-61 adv.
U i5
M a rk et,
4 P. M.
)
$
Steady.
Easy.
Firm .
The prices of futures at Liverpool for each day are given
below. Prices are on the basis of Uplands, Low Middling
clause, unless otherwise stated.
E y T h e p r i c e s a r e g i v e n i n p e n c e a n d 6 1 th .
3 6 3 -6 4 t f., a n d 4 0 1 m e a n s 4 1 - 6 4 d .
; S a tu r.
May 2 8 .
71 o n .
T ue*.
T h u s:
W ed.
3 63 m ea n s
T U u rs.
F r l.
1 :4 5
4
1 :4 5
4 1:451 4
|12%
1
1 :4 5
4
1 :4 5
4
P. M .,P. M. P. M. P.M. P. M. P.M . P. M. P.M . P. M. P.M . P.M . P. M.
! d.
d.
d
M a y ................ 4 0 2 4 0 2 4 0 1
M a y - J u n e . . j4 0 0 ,4 0 1 14 0 0
J u n e - J u l y . . 3 6 3 4 0 0 j 3 63
J u l y .- A u g . . 3 8 2 3 0 3 13 6 2
A u g .- B e p t . . 3 5 3 3 5 9 3 53
8 e p t - - O o t .. . 3 5 2 3 5 2 3 51
O e t . - N o v . . . (3 4 7 3 4 7 3 4 6
N o v .- D e o . . . 3 4 1 3 4 5 j3 41
D e o . - J a n . .. 3 4 4 3 4 1 3 4 3
J a n .-F e b ... 3 43 3 14 3 43
F e b .- M c h .. .; 3 1 1 3 4 5 l 3 4 4
M e h .-A p r il . 1 ................. j . . . .
3
3
3
3
3
3
3
3
3
3
3
d.
63
62
61
60
56
50
45
43
42
42
42
1 d.
4 02
4 01
4 00
3 63
3 59
3 51
3 47
3 45
3 44
3 44
3 44
d.
4
4
4
4
3
3
3
3
3
3
3
01
03
01
00
60
53
48
46
45
45
45
d.
4
4
4
3
3
3
3
3
3
3
3
03
02
00
63
59
51
46
41
43
43
43
d.
4
4
4
4
3
3
3
3
3
3
3
03
02
01
00
59
52
47
4.5
43
43
44
d.
4
4
4
4
3
3
3
3
3
3
3
0»
03
01
00
60
52
47
45
44
44
44
d.
4
4
4
4
3
3
3
3
3
3
3
04
03
02
00
60
53
47
45
44
44
44
d.
4
4
4
3
3
3
3
3
3
3
3
03
02
01
63
59
52
47
45
43
43
44
d.
4 03
4 02
4 00
3 63
3 59
3 52
3 47
3 44
3 43
3 43
3 44
BREADSTUFFS.
F r io a y ,
May 28, 1897,
Early in the week a fair volums of business was transacted
in the trade brands of wheat flour, but at slight concession
from quoted prices, and moderately large export sales of the
low grades were made at steady values. Subsequently, how
ever, owing to a weaker turn to the wheat market the de
mand, both from the home trade and shippers subsided, and
prices turned easier, declining 10 to 15c. per bbl. The demand
for rye flour has oontinuid quiet and prices have weakened
slightly, $2 85 now being the outside prices. Only a moderate
volume of business has been transacted in corn meal but prices
have been without changes and fairly steady.
There has been only a limited speculation in the market
for wheat futures. Early in the week prices made fractional
advances on buying by a few shorts to cover contracts, s'imu
lated by reports from Europe of crop damage. Subsequently,
however, the market turned weaker in response to easier
foreign advices and favorable crop accounts from the W . st,
accompanied by selling orders. Saturday the market was
firmer, prices advancing l^@lj^c. on unfavorable crop ac
counts from France. Monday prices further advanced
during early ’ Change on poor crop accounts from abroad.
Toward the close, however, there was eel ing for West
ern account and the improvement was lost.
Tuesday
the market was easier, in response to weaker foreign
advices and underselling for foreign account, closing at a de
cline of % ® % c . for the day. Wednesday there was a further
break of
in prices under general selling, induced by
weaker foreign advices and favorable crop advices from the
West. The market was slightly stronger during early
’ Change, owing to email receipts in the Northwest. Liter in
the day, however, favorable crop accounts and dull and
easier foreign advices caused a reaction and the close showed
prices 1 ®>£c. lower for the day. To-day the market was
weaker in response to foreign advices and on crop news.
Toward the close, however, there developed a demand from
shoi ts to cover contracts and prices rallied, closing steady.
In the spot market a fair business has been transacted, but at
lower prices. To-day the market was moderately active but
M slightly lower pricts. No. 1 hard Duluth was quoted at
4
1053
79 4
80k£c. f.o.b. afloat; No. 1 Northern Duluth at
J C. f.o.b.
a f l o a t ; No. 1 Northern New York at 78%c. f.o.b. afloat and
No. 2 hard winter at76J^c. f.o.b. afloat.
OAILY CLOSING PRICES OP SO . 3 RED W INTER W H E A T .
Sat.
M a y d e l i v e r y . ......... . . . . . o .
J u l y d e l i v e r y ................ . . o .
S e p t e m b e r d e l i v e r y ___ c .
D e ce m b e r d e liv e r y .....o .
Mon.
803e
7718
72 %
7 3 i*
80
7 73 s
72%
73 %
Tues.
80i*
76i*
72
731*
Wed
Thurs.
79%
75%
71%
72%
79%
75%
70%
72
F ri.
78
74%
71
723a
The speculation in the market for Indian corn futures has
been dull and prices have declined under a free movement of
the crop at the West and in sympathy with the weakness in
wheat. Prices for the week show a net loss of % @ lc. per
bushel. In the spot market the export demand has contin
ued active, the sales here and at outports amounting to
1,500,000 bushels. To-day the market was fairly active and
steady. The sales included No. 2 mixed at 29c. in elevator
and 303^c. f.o.b. afloat.
D A ILY CLOSING PRICES OP NO.
S a t.
M on.
29%
2 95 s
29%
30%
30%
31
31
M a y d e l i v e r y _______-------o.
____ c.
J u l y d e l i v e r y ___
A u g u s t d e liv e r y
........ o .
S e p t e m b e r d e l iv e r y .,._
. . . o ,.
2 M IXED CORN.
T u es.
W ed .
T h u rs.
2938
29
29%
293 s
29%
29
___
29%
30%
30%
30%
Fry.
29
29
29%
30%
The market for oats for future delivery has been dull and
prices have declined in sympathy with the weakness of other
grains and under a large movement of the crop at the West.
In the sp it market shippers have been fairly active buyers,
but prices have declined with futures. The sales for the
week amounted to 750,000 bushels. To day the market was
fairly active and steady. The sales included No. 2 mixed at
21^c. in elevator and No. 2 white at 253£o. in elevator.
D AILY 0LO8ING PRICES OP NO. 2 M IXE D OATS
S a t.
M on.
T u es.
W ed.
T tiu * s .
22**%
22%
22
21%
21%
J u ly d e l i v e r y .....................o .
F r i.
21%
Rye and barley have had only a limited sale and prices
have been easy.
The following are closing quotations :
PLOUR.
f l u e .................... V b b l . $ 2 1 5 0 2 8 5
P a t e n t , w i n t e r .......... . $ 4 5 0 9 4 7 5
S u p e r fin e --------------------- 2 5 0 9
3 2 0 C i t y m il l s e x t r a s ____ 4 7 0 9 4 8 0
E x tra , N o . 2 . . . . . . . . . .
2 R 5 9 3 3 5 B y e f lo u r , s u p e r f i n e . . 2 2 5 a 2 6 5
E x t r a , N o . 1 . . . .........
3 1 5 9 3 8 0 B u c k w h e a t f l o u r ......................a
....
H e a r s ............................
3 4 5 9 4 15 C o r n m e a l —
I t r a t g h t s . . . ................... 4 0 0 9
420
1709 175
W e s t e r n <fco.......... ..
P a te n t, s p r i n g ............. 3 9 5 9 4 3 0
B r a n d y w i n e ..............
1 80
I W h e a t f l o u r In s a o k s s e l ls a t p r l o e s b e l o w t h o s e f o r b a r r e l s . ]
GRAIN.
C orn , p e r bu sh —
e.
W h ea t—
e.
o.
o.
S p r in g , p e r b u s h .. 7 6 a
81
W est’ n m i x e d . . 2 8 % ®
31
R e d w in t e r N o . 2 . .
N o m in a l.
N o . 2 m i x e d ............. 2 9 a
30%
B ed w in t e r .. . . . . . 7 7 a
«4
W estern y e llo w ... 2 9 % a 32
N o rth e rn . N o. 1 . .. 78% ® 79%
W e ste rn W h i t e .... 2 9 % a 32
O a t a -iM lx e d .p e r b a . 2 1
9
23% R y e W estern , p e r b u s h . 38 a
42
W h i t e ........................... 2 5 ® 3 1
N o. 2 m i x e d ...........
2 l% ®
22%
S ta te a n d J e r s e y .. 39 a
42
46
N o. 3 w h it e .. . . . . . .
2 5 % a 2 6 % B a r l e y — W e s t e r n ____ 4 2 a
F e e d i n g .................
28% ® 32
The movement of breadstuffs to market as indicated in the
statements below is prepared by us from the figures of the
New York Produoe Exchange. Thereoeipts at Western lake
and river ports for the week ending May 23, and sinoe
Aug. 1, for eaohof the last three years, have been as follows:
Receipts at—
C h icago.......
M ilw aukee.
D u lu t h .......
M tnneap’ lts
C le v e la n d ..
St L o u is ...
P eoria . ..
K ansas City
T ot.w k .'97
Sam e w k.’96
Same w k.’95
Since A wj. 1.
1896-97. ..
1896-96 . . .
1894-95 ...
Flour.
W heat.
Corn.
Oats.
R ye.
Barley.
Bbls.lM Ibs BushXtO lbs Bush. lbs Bush. 32 lbs Bush. 48 lbs Bush.bQ lbs
16,700
1,6S8,49'3
143,240
680,208
115 050
44,229
20,400
234,000
101,600
8,450
90,459
34,950
10,710
531,031
534
82,508
1,831,151
112.525
266,160
1,093.050
1 9 /7 0
1,578
154,305
30,000
1,103
64,058
12,748
4,347
21,921
12,128
4.100
38.428
119.810
24,337
414
225,995
7,081
349,300
5,250
55,889
29,690
207,400
3,500
1,800
7.800
389,400
9,000
239,500
73,000
55,000
............
3,395,253
341,098
68,141
1 927.83*
237,471
2,806,179
2,587.429
417,032
75,225
1,870,830
1.489.380
185,d82
2,761,905
4,014,036
123,004
48,086
1,732,460
305,558
.......
9,455,845 145,818.875 129.072.944 142,223,171 35,832,815
8,982.262 181.281,152 100,593,903 120,883,195 36,079,520
10,284,471 133.717,607 07,248.405 80,290,310 30.724.567
0,537,800
3,502,407
2,410,537
The receipts of flour and griln at the seaboard ports for the
week ended May 22, 1897, follow:
H our.
R eceipts a t—
bbls.
New Y o r k ................
122,313
Boston .......................
47,320
M ontreal.....................
89.229
P h ila d e lp h ia ............
35.7 78
B a lt im o r e ... ..........
62,810
R ic h m o n d ...............
2.365
New O rleans*...........
7,523
N o rfo lk .
N ew port N ew s.........
22,000
G a lv e s to n ...................................
T o ta l w eek .......
W eek 1890.................
W heat,
bush.
.*>•<9,725
6 3 \600
423,637
92.289
23.762
14,356
Corn,
bush.
405,075
23.791
185,861
406.355
403,678
42,053
Oats,
bush.
1,095,300
419,107
143,670
124,708
47,297
35,264
34,740
B a rley,
bush.
43 4,250
3,550
26,927
R y e,
bush.
181,225
495
9,725
‘ 54,149
108,676
235,285
275.000
43,000
30,000
339,1:38 1.051.380 2/»7 >,l0l 1,900,148
301.083 3.13J.U7 1,133,303 1,281,155
603,403
233.233
245,591
94,154
• R e ce to ts do n o t in clu d e grain passing th ro u gh N ew O rleans f o r fo r e ig n
ports on r.h rou eh h ills o f ladlnir.
Total receipts at ports from Jan. 1 to May-22 compare as
follows for four year's:
Receipts o f —
F iou r.....................bbis
1897.
0.145,055
W h e a t .............. b u sh . 11,872,702
82,313,001
C o r n ................... , "
24,146,493
Oats .................. . “
5,013,339
B arley................ . "
2,802,956
Rye................ . “
T otal ffraln. ..........120,178.491
1090.
4,790,410
1895.
6.014,021
1894.
7,424,834
12,097,204
31.093,003
18,921.049
3,229,4*8
682,944
12,677,217
13,233.427
11,480,537
1,400.788
140,584
9.381,678
23.838,481
12,400,031
1,577,144
103,781
06,023,228
40,953,553
47,3J9,453
THE
1054
tlMS IS*IT6m l £63ib o a r d p o r t a f o r t h e w e e k
4 a m 3shovro ia t h e a a 06X0(1 s t a t o a io n fc:
Harley,
Peas,
Rys,
cAii*.
bush.
bush.
bush.
kbit.
4.215 601,830
25ft, UJ
f£*
4.U70
i
.«.*>»■*
........
|
107,143
, .....
i.m
ilMSKt
..... ...
15
Mi
... .... . . . .
'30.000
t lM fl1 *1^000
*T'?t Hffffi
111*153
m ?
fcriusi
.... ... ......... * ******** ...... .
*3,000
■
15*310 l.tftT.<KW SS*VM5 120,870 634,830
20.151
21,508
1*8,405 ftfft,U3
j§k*12S«?ISffi®*$0* Uft
T h e d e s tin a t io n o f th e s e e x p o r t s f o r t h e w e e k a n d s i n c e
S e p te m b e r 1,
la a s b e lo w .
------ * •------- -— C o m .-------->
#1mr.
Week Since Sept
WpL Week Jitter M L
fsrr
IWeek
May 22.
1,1808.
J/ay t 4
189ft.
,. m
mmk
#i*K* M*»i» Hi.
tm*h.
hush.
6ujA,
frwah.
6W*.
1*4. I f * Mi*.
33,508,078 1,435.113 60.8? 1.945
IMt&i4* K
s^se < B.461.788
" rssjiaota
4f4oa flfjSJJ;
C01.M0 W&jm 8.831,92? 1,620.188 68,804.408
0 » e .ii» * M 8 t *** Ha400
1.060
179,711
..........
51,604
#17.434
a, 4 tL
83,078
878.835
W*g4 tfeise*-.' - **Ȥ*3
17,295
33ft WS
f 05,018
Bm. *f« a ..
*.»u
141.200
1,757,330
41,448
922.008
190,181
o t i c mmBmm* * w w
t'xp*>rtM i m
im y
t
Whmz
I
HI.
-T.-.UJ ............
m <M Q
0,181.807 1,906,18ft 43.3rt8.57l 3,1-18.250 138.131,9*8
118.405 O.U0.778 1.043.523 30,687,194 1,780,840 72.045,004
T h e v is ib le s u p p ly o f g r a in , c o m p r i s i n g t h e s t o c k s in
g r a n a ry at th e p r iu o lp a i p o in t s o f a c c u m u l a t i o n a t la k e a n d
se a b o a r d p o r ts , M a y 23, 1897, w a s a s f o l l o w s
Bariev
Rye.
Corn
Q iU
WhmL
bush,
bwh.
hush
bush
!*4terf«I
bush.
350.000
257.000
3,077,000 1,283,000
S*w York.......... .
T20.O0O
34.000
38,000
58.000
Ska
aflo-si,. »*«...
54,000
50,000
25.000
82,000
523,b66
656.000
214 000
b 3S»“o
im jm
T
c
A
«
i
«
a
i
4,857,000
6
M
no.ooo
Do
afiOAt.....................
B tla tk ....... .......... 4.203.000
Do
afloa t...... — ....
TligS*!.------ . .... ... 829,000
Do afloat....... --------Detroit..............
70.000
Do
afloat.,..,.. . . . . . . .
Otaraco,.... ..... ... . ........
S. Loaia.......
2130.000
Do afloat..,..., ......... .
Cincinnati........
1,000
Boston........ .
376,000
T oron to............ ...
liO.OOO
Mont» !
. .... ...... K«,000
PliU*dolphin.
iJt.000
Peoria.
..... . . . . . .
2,000
Isdintusotl*..........
28.000
tUn**»CU)r.......
176.000
BaiUmore....... .
lfti.000
m icnaapoHa....... ,...11,782,000
On Ml**!*®'ppt Hirer...............
Q u l*k m ~ ... ..... ... 1,797,000
On canal and river... 324,000
Total May 22.1807.282^0000
Total May 15,1897.29,787,000
M
May 73,l*®0 51,298 000
Total May 25, l* m 51,244,000
Total May 2ft. 1884. ftl.8iO.O0O
THE
DRY
3,985,000
820,000
's'7,606
” 3,000
‘is’ooo*
302.000
'aS.OUO
” 8,000
769.000
s& oob
251.000
2543.000
" 43,000
'31,000
126.000
2,000
3.000
745.000
*11,060
203.000
61.000
623.000
>8,000
341.000
' 23.000
288.000
sV.OOG
167.000
6W.000
77.000
17.000
1,602.0' 0
2V2.0W)
lT»75.000
13.808.000
7.000.000
S.G7S.000
7.418.000
73600
" 9,066
1,000
e.ooo
' 13,000
' ' 1,606
'aiVooo
iiw.odo
6,000
81,000
21,000
65.000
171.000
*5,000
1.151.000
170.000
133.000
191.000
8.889.000
0,870,000
7.015.000
7.395.000
2.817.000
2.803.000
3.091.000
1.520.000
137.000
201.UUO
GOODS
39,000
4.000
10,0f0
33,00(1
82,000
c h a r a c te r. T h e d a y -t o -d a y a t te n d a n c e r u le d m o d e r a t e an d
s p o t b u sin e ss p r o n o u n c e d ly q u ie t, w h ils t n e it h e r f r o m s a le s
m en o n the ro a d nc r f r o m c u s t o m e r s d ir e c t w e r e th e re o r d e r s
R e p o rts fr o m v a r io u s m a r k e ts in d i
cate a v ery q u ie t g e n e r a l c o n d it io n in b o t h th e re ta il a n d j >b' m g tra d es, a c o n d itio n a s c r ib e d in c o m e m e a su re to th e ab-f tice o f th e w a r m w e a th e r , w h ic h is m u c h n e e d e d t o s im u
uiU* the d istr ib u tio n o f s e a s o n a b le a n d s u m m e r m e r c h a n d is s ,
T h e in a c t iv ity in th e p r im a r y m a r k e ts o f sta p le c o t t o n g o o d s
iif se v erely testin g th e firm n e ss o f s e lle r s , b u t s o fa r t h e y h a v e
c o n s id e r a b le
stock s o n h a n d ia the a g g r e g a t e , b u t p r ic e s are o n s u c h a lo w
level th a t in m o s t in s ta n ce s th e p r e f e r e n c e is to c a r r y them
rather than m a k e fu r t h e r c o n c e s s io n s , th e m o r e so as th ere
appear., to be s o m e p r o s p e c t o f im p o r ta n t m ills r e s o r tin g to a
c u r ta ilin ' nt o f p r o d u c t io n in th e n e a r fu tu r e . T h e w o o le n
goedit n iv isio n h a s b e e n in a c t iv e in b o t h m e n ’s -w e a r fa b r ic s
s n d d res s g o o d s at p re v io u s p ric e s.
V, d o l e ?: G o g h s .— T h e e ff e c t o f t h e s tr ik e in th e lo c a l t a ilo r
in g U s o . 1 hr, h been q u ite e v id e n t in th e a rre st o f r e p e a t o r d e r s
fr o m lo c a l p u rch a se rs a n d in the su sp e n sio n in s o m e in s ta n c e s
c? th e d e liv e r y to t h e m o f m e r c h a n d is e a lr e a d y p u r c h a s e d .
i b " f e lots n e t been a n y t h in g in th e w a y o f b e tte r b u sin e ss
fro m o u it id e m a rk e ts (o m nk - a m e n d s fo r this, a n d a v e r y
q u iet » , , k in m e n ’,-w e a r w o o le n a n d w o r ste d fa b r ic s , in b o th
fu u ik s n d fa n c y tines, has re su lte d . Tttis h a s n o t h a d a n y
ir n u e n c e o v e r p rice*, w h ie b a r e w e ll m a in ta in e d , b u t th e
ram Set ' t es n o t p resen t a n y h a r d e n in g a p p e a r a n c e , O v e r o o a tin g f h a w t>»en in <•la ck r e q u e st at p r e v io u s p ric e s, a n d
c u w b in g e l o w Mild fa ir ly w it h o u t c h a n g e in v a lu e s . T h e r e
I.*.? |
, n o (Irm anrl o f a n y m o m e n t f o r sa tin e ts, c o t t o n - w a r p
<-• ,.■)!• r.
i re, 8 ili h o f dress g o o d s h a v e b e e n lim it e d in
v o in o i" m both p la in a n d f i n c y lin es. F la n n e ls a n d b la n k e ts
are stead y bu t in a c t iv e ; ca r p e ts fir m ,
to m
f
thw
C orros
p o rt fo r
1897.
1890.
Week. Since Jan. 1.
179
10
4,257
14
23
10,218
700
1,115
274
54
124
358
16
2,099
1,886
52,712
2,143
10,065
7.378
6,381
1,273
2.923
22,407
1.821
105
37
51
57
78
649
356
923
1.268
43,330
2,507
7,880
5,864
5,252
1,226
3,643
19,388
1,659
T ota l............................ .
China, v ia V a n o o u v e r -,...
7.087
....
110,788
9,250
11,589
....
92,946
13,707
T ota l....... .............. ......... .
7,087
120,038
11,589
106.653
,
• fr o m NTsw England m ill p oin ts dlreot,
T h e v a lu e o f t h e N e w Y o r k e x p o r t s f o r t h e y e a r t o d a t e h a s
b e e n $4,384,485 in 1897 a g a in s t 84,184,039 in 1896.
T h e r e h a s a g a in b e e n b u t a q u it e in d iffe r e n t in t e r e s t ta k e n
in b r o w n s h e e tin g s a n d d r ills b e y o n d im m e d ia t e r e q u ir e m e n ts b y h o m e b u y e r s , a n d e x p o r t e r s h a v e b een lig h t p u r ch a se r s
a lso . T h e d e m a n d h a s b e e n c o n fin e d a lm o s t e n t ir e ly to s p o t
g o o d s a n d h a s c o m e f o r w a r d a t f a ir ly s t e a d y p ric e s, S ellersa r e s till r e s e r v e d in c o m m i t t i n g th e m s e lv e s t o fo r w a r d b u s i
n e s s, e v e n w h e r e a f fo r d e d t h e o p p o r t u n it y . T h e c o a r s e , c o lo r e d
c o t t o n s m a r k e t h a s s h o w n n o c h a n g e o f m o m e n t. T h e d e
m a n d f o r d e n im s , t ic k s , & c , h a s b e e n o n q u ite a m o d e r a t e
s c a le b u t se llers h a v e b e e n a b le to r e a liz e fo r m e r p r ic e s in
n e a r ly a ll in s ta n c e s . B le a c h e d c o t t o n s h a v e b e e n in lig h t
g e n e r a l r e q u e s t in a ll g r a d e s w it h o u t c h a n g e in p rice s. W id e
s h e e tin g s s lo w a n d u n c h a n g e d . C o 't o o fla n n e ls a n d b la n k e ts
g e n e r a lly w e ll s o ld b u t c u r r e n t d e m a n d s lo w . K id -fin is h e d
c a m b r ic s s e ll in s m a ll l o 's a t p r e v io u s p rice s. P r in ts o f a ll
d e s c r ip tio n s a n d p r in te d sp e c ia ltie s h a v e b e e n in lig h t r e
q u e s t, a n d t h e d e m a n d f o r g in g h a m s h a s b e e n o n a lim it e d
sc a le . P r in t c lo t h s c o n t in u e fir m a t 3 7-16c. f o r e x t r a s w ith
e m a il sa les. O d d s in q u ie t d e m a n d o n t h a t ba sis.
1897.
1898.
18P5.
1894.
Stock o f P rin t O loth t—
M ay 22,
M ay 23.
M ay 25.
M ay 26..
At P rovidence,
8-1 -----------squares. 49.6,000
284,000 155^000 263.000
ov ld
“ *■
At F all River, 64 squ ares., ) Rn, 0no i
900,000
23,000 451.000
At F a ll E lver! odd s iz e s .... [ 807,000 J
539,000 69,000 138.000
Total s to ck (p le o e s ).__ 1,300,000 1,723,000
247,000 852,00©
F o r e ig n D r y G o o d s . — C le a n in g u p has b e e n th e fe a tu r e in
s e a s o n a b le b u sin e ss , b u t h a s n o t b e e n p r o d u c t iv e o f m a r k e d
T h e d e m a n d f o r fa ll lin e s o f d ress g o o d s , s ilk s , r ib
1.521.000 resu lts.
1.187.0 0 b o n s , e t c ., h a s b e e n in d iff e r e n t , b u t th e g e n e r a l to n e o f th e
941.000
145.000 m a r k e t c o n t in u e s s te a d y .
102.000 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 . ,
TRADE.
T h e r e a re u n q u e s t io n a b ly
th e
Week. Since Jan, 1.
N ew Y’ o e k to M at 24.
Great B ritain ,........................
Other E urop ean..........
Otiina ..... ............................. .
In d ia...................................... ..
Arabia.................................. ...
A frica ,.............. .......................
waat In d ie s ............................
M a rloo....... ............ .
Oantral A m erloa....................
lo a th A m erica _____. . . . . . . .
Ocner O onutriee....................
to
1,00(
N e w Y o r k , F r id a y ' , P . M „ M a y 88, 1887,
stood it fa ir ly w e ll.
p a c k a g e s , v a lu e d a t f 372,588, th e ir d e s tin a t io n b e in g
p o in ts s o e c ifie d in t h e ta b le s b e lo w ;
>5.000
100,001
T h e m a r k e t d u r in g th e p a s t w e e k h a s b e e n o f a m o n o t o n o u s
r f im p o r ta n c e r e c e iv e d .
[VOL. LXIV,
C H R O N IC L E .
G o o d s — T he e x p o r t s o f c o t t o n g o o d s
th e w eek e n d in g M *y 24 w e re 7,087
T h e im p o r t a t io n s a n d w a r e h o u s e w it h d r a w a ls o f d r y g o o d s
a t t h is p o r t f o r t h e w e e k e n d in g M ay 27, 1897, a n d s in c e
J a n u a r y 1, 1897, a n d f o r t h e c o r r e s p o n d in g p e r io d s o f la t t
y ear a re as fo llo w s ;
THE
M a y 29, 1897 ]
S
ta t e
and
C H R O N IC L E ,
C ity D e p a r t m e n t .
TERMS OF SUBSCRIPTION.
The I nvestors ’ Supplement will be furnished w ith ou t
e x tr a charge to every annual subscriber of the C ommercial
and F in an cial Chronicle .
The State an d C it y S upplement will also be furnished
w ith ou t e x tr a charge to every subscriber of the C hronicle .
The S treet R a i l w a y S upplement will likewise be fur
nished w ith ou t e x tr a charge to every subscriber of the
Chronicle .
The Quotation Supplem ent , issued monthly, will also be
furnished w ith ou t e x tr a charge to every subscriber of the
C hronicle .
TERMS for the C hronicle with the four Supplements
above named are Ten Dollars within the United States and
Twelve Dollars in Europe, which in both cases includes
postage.
_______
Terms of Advertising—(Per ineli space.)
One t i m e .........................................$ 3 5 0 I T h r e e M o n t h s (1 3 t i m e s ) . . $ 2 5 0 0
One M o n t h
(4 t i m e s ) . . 11 0 0 S i x m o n t h s
(2 6 t i m e s ) .. 4 3 0 0
Two M o n t h s
(8 t i m e s ) . . 1 8 0 0 | T w e l v e M o n t h s (5 2 t i m e s ) . 5 8 0 0
T h e a b o v e te rm s f o r o n e m o n th a n d u p w a r d s a re f o r s ta n d in g c a r d s .
B on d P roposals and
week have been as follows.
N e g o t i a t i o n s this
Adams County, Neb.—B on d Neivs. —The officials of Adams
County a short time ago petitioned the Board of Educational
Lands and Funds of the State of Nebraska that the county
be allowed to refund certain of its bonds held by the State,
which do not mature for a number of years. The matter was
referred to the Attorney-General, who has just rendered an
opinion to the effect that the beard has no authority to give
the county permission to refund the bonds.
Allegheny (Pa.) Third Ward School District. — B on d
Sale. —The following bids were received for the purchase of
the $160,000 of 4 per cent school bonds of this district:
P . F. K elly. P h ila d e lp h ia ... .$103,124 00 | R o b in so n B ros., P itts b u r g ..$100,804 00
W . J. H ayes * Sons. C level’d 161.750 00 | D ietz. D en ison A P rior, C lev. 100,117 50
The bonds were awarded to P. F. Kelly. Other bids were
received, but they were not considered, as they failed to com
ply with the conditions of the sale. The securities are of the
denomination of $1,000 each, dated June 1, 1897; interest is
payable semi-annually on the first days of June and Decem
ber, and the principal will mature at the rate of $8,000 ptr
annum from June J, 1898 to 1917, inclusive, both principal
and interest being payable at the Second National Bank of
Allegheny, Pa.
Ambler, Pa.— B on d s A u 'h o riz ed . —The citizens of Ambler
have voted in favor of issuing the $16,000 of street-improve
ment bonds by a majority of 33 vote?.
Americas, Ga.— B o n d E lection . —The voters of the city of
Americus will soon determine the question of issuing bond <
to the amount of $30,000 to pay the cost of improving the
water-works and sewers.
Appanoose County. la.— B on d s D efea ted .— T he people of
this county have voted against the proposition to issue $65,0C0
of court-house bonds.
Ashland County, Wis.— B on d O ffering. —Proposals will be
received until 10 o’clock a . m . to-day by C. F. Latimer, trmtee, for the purchase of $65,000 of 5 per cent county gold
bonds, payable in 1915.
Athens, O hio— B on d Sale.— The $5,000 cf 5 per cent city
hall bends cfibred by the city of Athens on M3y 25, 1897,
have been awarded to D. H. Moore, of Athens, at 100'53.
Atlantic City, N. J.— B on d Sate. —Atlantic City has sold at
private sale $23,000 of City Hall bonds and $12,000 of wat- r
bonds to N. W . Harris & Co. of New York City. The securi
ties bear interest at the rate of 4)£ per cent and are payable,
both principal and interest, at the Union National Bank of
Atlantic City. The City Hall bonds mature as follows:
$10,000 June 1, 1899, and $13,000, June 1,1900; the water
bonds become due June 1, 1917.
Baker City, 0 r e .— B on d s P ro p o sed . —This city is con
templating the issuance of bonds to the amount of $20,000 to
pay the cost of improving the water works.
Barre, Vt.— T em pora ry L oa n . —The city of Barre has
awarded a four months’ note amounting to $10,000 to Bond
& Goodwin, of Boston, at a discount of 3'25 per cent.
The following bids were received:
Bidders R a ts o f D iscount.
B on d A G oodw in . B o s to n ................................................................3*25
Curtis A M otlv, B o s to n .................................................................... 3*375
Dunscomb A Jennlson, New York........................................ 3*50 and $3 premium.
The loan was issued in anticipation of the collection of
taxes.
Barton Heights, Va.— B on d s P r o p o se d .—T h e citizens of
Barton Heights have under consideration a proposition to
issue $25,0C0 of general improvement bonds.
Bayonnp, N. J.— B on d Sale. —Bayonne has sold $9,000 of
school bonds at 101. Both principal and interest on the se
curities are payable at the Mechanics’ Trust Company of
Bayonne.
Belmont, Mass.— B on d Sale.— On May 24, 1897, the $40,C05
of 4 per cent 20-year high-school bonds and the $6,000 of 4
per cent 30-vear sewer bonds of the town of Belmont wer*awarded to Blodget, Merritt & Co., of Boston, Mass., at 106-78
and 103 78 respectively. The following is a complete list of
the bids received:
3055
*10.000
$6,000
Bidders—
Scho> l Bonds. Sewer Band
Blodget, Merritt & Co., Boston.................... ............. 106 780
108*780
Karson, Leach A Co.. New York................................. 106*090
108*270
Adams & Co., Boston................................................106*630
108*573
Third National Bank, Boston ................................... 106*577
108*577
Geo. A. Fernald A Co.. Boston.................................. l<>0*540
10S*030
Leland, Towle & Co.. Boston.....................
100*48J
108*307
Cushman. Fisher & Phelps, Boston.......................... 100*430
108*530
E. H. Hollins A Sons, Bost m..................................... 106 410
100*410
N. \V. Harris &Co., Boston............................. ........100*835
108*350
Blake Bros. & Co., B >ston........................................ 106*265
108*045
Jose Parker A Co., Boston........... ............................106*157
108*059
Parkinson &Burr. Boston........................................ 100 021
107*520
R L. Day A Co.,!Boston............................................ 106*937
107*039
Estabrook & Co., Boston...........................................10>*9L0
107*410
Jas. W. Longstreet A Co., Boston...............................105*773
107*473
Dietz. Denison A Prior, Boston.................................10-V750
107*250
Rudolph Kleybolte &CoMNew York ......................... 105*000
107*3191
The securities are of the denomination of $1,000 each, dated
June 1, 1897; interest is payable semi-annually in Boston,
where the principal also will be payable.
The total indebtedness of the town of Belmont, including
these issues, is $157,150; water debt, included in total debt,
$44,750; sinking funds, $1,260. The assessed valuation for
1896 is $4,125,095 and the population in 1895 was 2,843.
Berlin Falls. N. H .— B on d Sale .— Berlin Falls has sold
$50,000 of refunding bonds to Leland, Towle & Co, of Boston,
at 100'75. The securities bear 4 per cent interest and will
mature in twenty years from date of issue.
Brookings Couuty, S. D.— B on d Sale .—This county has
sold $7,000 of 5 per cent bonds to Trowbridge & Co. of Chi
cago. The securities are dated July 1, 1897; interest is payable semi annually and the principal will mature in ten years
from date of issue, subject to call after five years. Both
principal and interest are payable at the First National Bank
of Chicago. This issue of bonds constitutes the only indebted
ness of the county.
Buffalo, N. Y. - B o n d O fferin g .—Proposals will be received
until 12 o’clock dood, June 5, 1897, by Eras'us C. Knight,
City Comptroller, for the purchase of $151,456 10 of
oer
cent grade-crossing bonds. The securities will be dated May
1, 1897; interest will be payable semi-annually on the first
days of May and November, and the principal will mature
May 1, 19i7, both principal and interest beiDg payable at the
office of the City Comptroller of Buffalo or at the Gallatin
National Bank of New York City. No bid for less than par
and accrued interest will be considered, and each proposal
must be accompanied by a certified check for 2 per cent of
the amount bid for.
The bonded debt of the city of Buffalo on May 1, 1897, lees
amounts held in the sinking funds, was $12,922,652 18; the
assessed valuation of the taxable real estate of the city by the
rolls of 1897 is $230,698,810.
B on d s A u th o riz ed .— T he Governor has signed bills author
izing the city of Buffalo to issue $400,000 of public-market
and hall bonds, and $183,000 of bonds to fund $83,000 of water
bonds and a temporary grade crossing loan to the amount of
$100,000.
Carrollton, Ala .—B on d Sale .—The city of Carrollton has
sold $20,000 of 5 per cent 22-year funding binds to Morgan,
Robertson & Co., T. O. Burris and D. M. Richards of Colum
bus, Miss.
Carrollton Township, Mich.—B on d S ale .—The $6,000 of 5>
per cent road bonds of this township were awarded to
Duke M. Farson of Chicago, 111., for $6,067'50. The bonds
are dated May 1, 1897, and will mature at the rate of $1,000
per annum from May 1, 1902 to 1907, inclusive, both principal
and interest beiDg payable in New York City.
Champlain, N. Y.— B on d O ffering. —Proposals will be re
ceived until June 4, 1897, by W . G. Craves, Secretary of
the Board of Water Commissioners, for the purchase of
$20,000 of 4 percent water works bonds. The securities will
be in the form of coupon bonds of $1,000 each; interest will
be payable annually and the principal will mature at the rate
of $4,000 per annum, beginning June 10, 1922.
The town of Champlain has no bonded indebtedness, other
than this proposed issued.
The official n otice o f this bond offerin g w ill be f o u n d a m on g
the advertisem ents elsew here in this D ep a rtm en t.
Chatham, N. 3 . — B on d E lection .— It, is repined that a prop
osition to iesue $45,000 of bonds for the construction of water
works will be put to a vote of the people of Chatham on
June 1, 1897.
Chester, S. C .—B on d N ews. —The $50,000 of water-works
and electric light bonds recently voted by the citizens of
Chester will bear 6 per cent interest.
Chicago. 111.—Bonds P ro p o sed .— The city of Chicago pro
poses to issue bonds to the amount of $300,000.
China (Cal.) School District.— B on d s A u th orized . — The
citizens of this school district have voted in favor of a propo
sition to issue $20,000 of 6 per cent 8-year average
bonds. The inti rest on the securities will be payable
annually.
Clearfield, H e .— B on d s A u th o r iz e d — The people of this
municipality have authorized the issuance of paving bonds to
the amount of $15,000.
College Point, N. Y.— B on d s A u th o riz ed .— The citizens of
College Point have voted in favor of a proposition to issue
$25,000 of bonds for the erection of a water tower.
Colnmbns, Ohio.— B on d s A u th oriz ed . — The City Council
of Columbus has passed an ordinance providing for an issue
of street-improvement bonds. The securities will bear inter
est at a rate not exceeding 6 per oent, payable semi-annually
THE
1056
C H R O N IC L E .
|V o l , L X I V .
missioners have been authorized to borrow $50,000 and
will probably issue notes to that amount to private parties at
different times during the summer as the money may be
required.
Indianapolis, Ind .— B on d Sale..— The $150,000 of 4 per cent
Indianapolis public safety bonds were awarded to E, H. Rol
lins & S ods, of Boston, for $180,548 50. The securities are of
the denomination of $1,000 each, dated June 1, 1897: interest
is payable semi-annually on the first days of January and
July, the first coupon being for one month’s interest. The
principal will mature January 1, 1927, both principal and in
terest being payable at the office of Winslow, Lanier & Co.,
New Y'ork City.
Irvington, N. J .— B on d s P rop osed . —The village of Irving
ton has under considaration a proposition to issue $30,000 of
sewer bor|ls.
Jacksonville, Fla.— B on d O ffering. —Proposals will be re
ceived until 10 o’clock a . m, June 1, 1897. by B. F. Dillon.
Chairman, for the purchase of $83,500 of 5 per cent gold
bonds of the city of Jacksonville.
Jamaica, N. Y.— B on d N ew s. —It is reported that W . J.
Hayes & Sons have refused to accept the $100,000 of sewer
bonds of this village, recently awarded them, their claim
being that under the provisions of the law the securities
should have been printed and in the hands of the Village
Treasurer before the bids were received ; these bonds, they
state, were not printed when the sale took place.
Jeanette (Pa.) School District.— B on d C a ll.— Notice has
been given that the school bonds of this district, numbered
from 101 to 120 inclusive, dated November 1,1890, and of $100
each, have been called for payment on June 1, 1897, at the
First National Bank of Jeanette, after which date they will
cease to bear interest.
Jefferson City, .Uo.— B on d S a l e —No bids were received
for the §54,000 of 4 per cent 10-vr-ar refunding bonds of Jeffer
son City. The City Council therefore changed them to 4 ;{
per cent bonds and sold them to the W . C. Little & Bro. In
vestment Co. of St. Louis at par.
Jefferson County, Texas.— B on d Sale. —The State Board
of Education has purchased $5,000 of Jefferson County CourtHouse bonds for the school fund.
Jellioo, Tenn.—B o n d O ffering.— Proposals will be received
by Dr. D. W . Moore, Mayor of Jt llico, until June 1,1897, for
the purchase of $6,000 ot 6 per cent school bonds. The inter
est on the securitits will be payable semi-annually and the
principal will mature in twenty years from date of issue.
These bonds were to have been sold on May 25, 1897, but the
Par Rockaway, N. Y — B on d O ffering.— The Trustees of the sale was postponed until the above date.
Jersey i lly, N. J.—Bonds A u th o riz ed , — The Finance Com
village of Far Rockaway will sell to the highest bidder at public mittee of Jersey City has authorized the issuance of §300,000
sale at 2:30 r. a June 7, 1897, $35,000 of 5 per cent street im of gold bonds. The securities are to bear interest at the rate
per cent and mature in thirty years from date of issue.
provement bonds. Toe securities will be of the denomination of
Lancaster, Ohio.— Bond OJJering,— Proposals will be re
of §1,000 each, dated June 1, 1897; interest will be payable
ceived until June 10, 1897, by che city of Lancaster for the
semi-annually and the principal will mature as follows : $20,- purchase of street improvement bonds to the amount of §20,000 at the rate o f $1,000 per annum from June 1, 1898 to 1917, 000. The securities will bear interest at the rate of 6 per
inclusive, and $15,000 on June 1, 1918. The bonds can not be cent and be of the denomination of $500.
Langdon, N. D.—Bond Sale —The city of Langdon has
legally sold for less than par and accrued interest.
sold $4,500 of 8 per cent 20-year funding bonds to F. R. Fulton
The official n otice o f th is bond offerin g w ill he fa u n a am ong & Co. of Grand Forks, N, D., at par. The interest on the
the advertisem ents elsewhere in th is D epa rtm ent.
securities is payable semi-annually at the Chase National
Fort MihHmvji, Iowa .—B o n d O ffering, —Proposals will be Bank of New York City.
Lavaca County, Texas.—B on d Issu e.— It is reported that
received until 7:30 p, m. June 2. 1897, by Charlie H. Peters.
Chairman of the Finance Committee, for the purchase of Court House bonds to the amount of 380,000 and to beat$120,000 of 5 percent refunding bonds. The securities will interest at the rate of 5 per cent will be issued by this county.
Lima, Ohio.— B on d N ews.—A petition has been filed by the
be of the denomination of $1,000 each, dated July 1, 1897 ;
interest will be payable semi-annually on the first days of Pennsylvania Railroad Company asking for an injunction to
January and July in New York or Chicago, and the principal prevent the city of Lima from issuing $98,000 of bonds for
will mature in twenty years from date of issue, subject to purpose of securing the shops of the Lima Northern Railway
:all after live years. Each proposal must be accompanied by Company. It is claimed that these bonds were voted for
park purposes, and so cannot be issued to secure railroad shops.
a certified chi ck for $500.
The bonded debt of the city of Fort Madison at the present Judge Taft of Cincinnati, who heard the motion for an in
time i« $180,000 and its assessed valuation $1,750,000 The junction, has granted a temporary order, setting tbe final
real valuation is estimated at about $7,500,000 and the popula order for hiaring on June 26, 1897, at Toledo.
tion at 11,000.
Linda Yista Irrigation District, Cal.— Bond N ew s.— E. C.
Gaston County, N. C.—B o n d s A u th oriz ed .— The voters of Hickman, Secretary o f this district, reports to tbe C h r o n i c l e
Gantor. Coutitv have authoriz'd the issuance of bonds to the that none of the bids for the $824,000 of bonds have been ac
amount of $15 000 for the erection of a court-house,
cepted. A bid of par for the entire issue offered by William
Wien Ridge, N. Y .— B on d E le c t io n — On June 25, 1897, a Osborn, contingent on a contract for the work, is being con
qkcisl election will be held to vote on the question of issuing sidered bv the Board of Directors, and will be passed upon on
$'10,000 of improvement bonds.
June 1, 1897.
Los Angeles, Cal.— Bond S ale. —The following bids were
Wrnnd Rapids, Mich-— B on d N ew s. —The citizens of Grand
Raj ids have voted in favor of a proposition to issue $125,000 received for the $270,000 of 4 per oent gold refunding bonds
of electric-light bonds to bear interest at a rate not exceeding of Los Angeles:
1 P*r cent, payable semi-annually in New York City, and to E. H. Uolltrmfc Sous, Boston.?271,«l 00 I C. H. White & Co.. N. T ....... *270,100 00
mature in twenty years from date of issue. A t a recei t meet First NsL Bank,Cliicwo.... SWO.BOJ00 Fareon., Leach &Co., Chicago £70,016 7o
ing of tim Ctmimon Council it was mov. d that these bonds be N. W. Harris & Co., Cnloatto. 270,101 00 I
i«.nuf d. No dt finite action. however, has as yet been taken.
T h e b o n d s w e r e a w a r d e d to B , H . R o llin s & S o n s a t th e ir
Oreermbnrg. I’ a . - B a n d N e w s - D i c k Bros. & Cm of Phil b id o f $271,431. T h e s e c u r itie s a r e d a te d J u n e 1 ,1 8 9 7 ; in
adelphia have refust d to take the $15,000 of 5 per cent 5-25 te re st is p a y a b le s e m i-a n n u a lly o n t b e first d a y s o f J u n e a n d
year optional bonds of Greergburg. 1 is reported that they D e c e m b e r,"a n d th e p rin c ip a l w ill m a tu r e a t th e ra te o f $6,750
will K.....ild at 194 590 to another Philadelphia firm.
per a n n u m , b e g in n in g w ith J u n e f , 1898. T h e b o n d s a r e o f
Grime* County, Texas. — Bond* Redeem ed. — Grimes ih e d e n o m in a t io n o f $250 a n d $500, a n d w ill be p a y a b le , b oth
f umy has rtdeemed $1,000 of bridge bonds held in the p rin c ip a l a n d in te r e st, a t th e o ffic e o f tiie C ity T re a su r e r o f
J*
school fund.
L oa A n g e le s ,
^Jis , Hartford, Conn*-*Bond# Proposed, —The City Treasurer of
Lynn, M a ss.— T e m p o r a r y L o a n . — T h e c it y o f L y n n h a s
‘ ‘l w,l!1 iu’ k lb" Cit.y Council for authority to make a a w a rd e d a fiv e m o n t n s lo a n a m o u n t in g t o $200,000 t o B la k e
‘
\n r
ot
or issue bonds to that amount for B ros. & C o. o f B o s t o n a t 8 '7 t p e r c e n t in te r e st.
arc steady but inttciivo ; w police station.
M a r i n e t t e , W i s .— B o n d N e w s.— I , T , E d w a r d s , S u p e r in t e n
Dombstjo Cotton OotJ/ond ^ e w s .—Sevillian Arnold, Town d e n t o f th e B o a r d o f E d u c a t io n , r e p o r t s to th e C h r o n i c l e
'row this port for the week endfNIOTE that the Water Com th a t th e s c h o o l b o n d s w h ic h w e r e u n d e r c o n s id e r a t io n w ill
oa the uf- t dors of March and September, and will mature in
ten rears from dale of issue.
Cottage City, ila o ,— Suit’ Sole.—The town of Cottage City
baa borrows! $15,900.
Itaytd City N - b — Bond* P rop osed ,—'To® Board of Supery:» -,t» of Dtvid t Mr h.is under consideration a proposition to
refund $90,09® of railroad aid bonds falling due July 1, 1897,
by an issue of 5 per e>«ot 15-year bonds.
Doflaac’ , Ohl«i.->Tem/Joirifj/ L o a n . —The city of D 3fiance
has borrowed $15,009 in anticipation of the collection of taxes.
The loan i-i-iir- interest it the rate of 0 per cent and becomes
due October t. 1897. Both principal and interest are payable
at Cleveland, Ohio.
Detroit. m< H ,- Bonds rtefea tc l.— A t n recent meeting of
;he Board of Estimate of Detroit, the proposition to issue
$39,000 of bonds for a soldiers’ memorial building was de
feated.
Bonds P roj) < i.— A bill permitting the City Council of
Detroit to issue $150,000 of bonds for new normal and
mamthl training schools has pawed the Assembly,
Darfur Ore . i School District No. 29.— B on d S ale .—This
district has sold $8,900 of 0 per cent 10-20 year optional school
bonds to Johtl Bonn of The Dalles, Oregon, at par. The in
ternet on the st curin'- is payable at The Dalles.
DuqoMne, Bit.—B o n d E lection . —An election will be held
iu this city on June 23, 1807, to decide the question of issuing
fRS.OOO of’ stm t improvement and $40,000 of sewer bonds.
East Providence, K. I .—Bond O f e r in g ,— ProposaI will be
received until 1:30 v . M., June 5, 1807, by Benjamin Wilson,
President of the Town Council, Rumford, R. I., for the pur
chase of $100,000 of 4 per cent gold funding bonds. The se
curities will Ue of the denomination of $1,000 each; interest
will be payable semi-annually, and the principal will mature
as follows: $50.TOO in twenty-five years from date of issue
and $50,000 in fifty years from date of issue.
Eatontovrn, N. J .—B on d s A u th orized . — The citizens of
Eatontown have voted in favor of a proposition to issue
$9,000 of school bonds.
Evansville, I ml.—Bond Sale .—The city of Evansville has
sold $50,900 of 5 per cent refunding school bonds as follows :
$25,000 at 106 and the remainder at 104 19. The First National
Bank ot Evansville was awarded $35,000 of the amount issued
and
Harris of Chicago the remainder. The interest
on the -• curite s is payable semi-annually on the first days of
June and December at the office of Winslow, Lanier & Co.
of New York City, and the principal will mature in ten years
from date of it sue.
3
3
N. W .
1
*1
M a y 29, 18 97.]
THE
C H R O N IC L E .
not. be issued at present, as the building of the school-house
has been postponed.
Martin, Tenn. —B on d Sale .—The $25,000 of 6 per cent
water bonds of the city of Martin were sold at 102. Tbe se
curities are of the denomination of $1,000 each; interest is
payable at the office of the City Treasurer of Martin and the
principal will mature in twenty years from date of issue.
Mayville, N. Y .-—B on d O ffering .—Prooosals will be re
ceived until 8 o’clock p. M.,June 1, 1897, by tbe Board of
Water and Light Commissioners of the village of Mayville for
tbe purchase of $10,000 of electric light bonds. The securities
will be of tbe denomination of $1,000 each, dated August 1,
1896 ; interest at the rate of 4 per cent will be payable semi
annually and the principal will mature in twenty years from
date of issue, both principal and interest being nayable at the
Hanover National Bank of New York City. Each bid must
be accompanied by a certified check for $500.
McGregor, Iowa.— B o n d Sale .—The $15,000 of 5 per cent
water works bonds of tbe city of McGregor were awarded to
the First National Bank of Chicago at their bid of $15,101.
The securities are of the denomination of $500 each, dated
June 1. 1897; interest is payable semi-annually on the first
days of June and December at the First National Bank of
McGregor. The principal will mature as follows : 10,000 at
the rate of $5< 0 every six months from June 1, 1900, to De
cember 1, 1909, aDd the remainder June 1, 1916, subject to
call after June 1, 1910.
Mercer County. N. D.— B on d O ffering .—Proposals will be
received until 2 o’clock p. m ., June 12, 1897, by the Board of
County Commissioners at Stanton, N. D., for the purchase of
$40,u00 of 6 per cent fundirg bonds. The securities will
mature in twenty years from dste of issue, subject to call
after fifteen years.
Michigan City, l i d — B on d S ale .—Michigan City has sold
$7,000 of 5 per cent school bonds to local investors. The se
curities are of the denomination of $200 each; interest is
payable annually, and the principal will mature at the rate
of $1,400 per annum from 1900 to 1904, inclusive, both prin
cipal and interest being payable at the office of the City
Treasurer cf Michigan City.
Mt. Pleasant, Pa.— B on d S ale .— Mount Pleasant has sold
$24,000 of 5 per cent funding and improvement bonds to
Dieiz, Denison & Prior of Cleveland for $25 430 80. The fol
lowing is a complete list of tbe bids received:
Mt. Pleasant Township. Mo.— B on d Call .—Notice has been
given that on June 1, 1897, at the State Bank. St. Louis, Mo.,
tbe County Court of Bates County will redeem 140 of the
$1,000 5 per cent refunding bonds of Mount Pleasant Town
ship. The called bonds are numbered from 9 to 148, inclusive,
and wete iseued by the county on behalf of the township.
They are dated July 1, 1891, and are payable at the above bank
on July 1, 1911, subject to call after July 1, 1896. Interest on
the securities will cease after June 1, 1897.
The holders of these bonds may, if they prefer, exchange
their bonds for those now issued by Bates County on behalf of
the township, providing they pay a premium for each new
hoDd Tbe new securities are for $1.000 each, bearing 4J£ per
cent interest, and maturing in twenty years from date of issue,
subject io call. Tbe premium requested for each new bond is
as follows : $10 for each bond subject to call on June 1. 1902 ;
$12 50 for those on June 1, 1907, and $15 for those on June 1,
1912.
1057
National Revere Bank of Boston and the principal will ma
ture in twenty years from date of issue.
Newark, Ohio. — B on d S ale .—On May 24, 1897, the $12,00®
of 5 per cent school-improvement bonds were awarded to
Rudolph Kleybolte & Co. of Cincinnati for $12,027 50, The
following is a complete list of the bids received:
R u d o lp h K le y b o lte & Co.. Cin.$12,627 50 I F o u rth N at. Bank, Columbus.$12,610 0
T b e L a m p rech t B ros. C o..Clev. 12,607 00 |S eason good & M ayer, C incin. 12,500 50‘
S. K uhn & Son, C incinnati___ 12,577 76 I G erm an Nat. Bank. C i n c i n ... 12,436 00
W . J. H ayes & Sons, C le v e .. . 12,569 00 F irst N at. Bank, N ew ark....... 12,322 00
D ietz. D en ison & P rior, Cleve. 12,563 00 I S. A . K ean, C h icago................. 12,270 00
J. B. W o r k s ................................. 12,568 00 I D uke M. F arson, C h ica g o ....... 12,250 00
F arson, L e a ch & Co.. C h icago. 12,515 00 |Jam es H . R a n d ........................ 12,200 00
The securities are of the denomination of $1,000 each, dated
June 1, 1897; interest is payable semi-annually at Newark and
the principal will mature at the rate of $1,000 per annum from
June 1, 1898 to 1909, inclusive.
Norristown, Pa.— B on d E lectio n . — On June 22, 1897, the
citizens of Norristown will vote on a proposition to issue
$200,000 of municipal improvement bonds.
North Hempstead, N. Y.— Bond O ffering. — Proposals will
be received until 3 o’clock p. m , July 20, 1897, by Sam’l
Hooper, Town Clerk, Roslyn, N. Y ., for the purchase of
$45,000 of 4 per cent macadam-road bonds. The securities
will be of the denomination of $1,000 each, dated July 1,1897;
interest will be payable semi annually on the first days of
January and July at the office of the Town Clerk, and the
principal will mature as follows: $25,000 at the rate of $1,000
per annum from July 1, 1902 to 1926, inclusive, and $20,000 on
July 1, 1927. Each proposal must be accompanied by a cer
tified check for 10 per cent of the amount bid for.
The bonded indebtedness of North Hempstead, including
this issue, is $214,000. The assessed valuation is $4,088,000,
and the real valuation is estimated at about $10,000,000. The
population is about 9,000.
North Litchfield (III.) High School District.— B on d s
A u th o riz ed . —The voters of this district have authorized the
issuance of $30,000 of bonds for the erection and equipment
of a school building.
Nyt ck, N. Y .— Bond O ffering. —Proposals will be received
until June 4, 1897, by the village of Nyack, for the purchase
of $165,000 of water bonds. The securities will bear interest
at the rate of 4 per cent aad will mature in thirty years from
date of issue.
Ontario, Cal.— B on d E lectio n . — A proposition to issue
$15,000 of bonds fur the extension of the water works will be
submitted to a vote of the people of Ontario on May 31, 1897.
Otero County, Cal.— C orrection . — The $7,500 of ’ 6 per cent
10-20-year court-house bonds of Otero County were sold to
the George D. Cook Co. of Chicago, 111., at 101-50 and not at
112-50 as reported by us on May 15. The figures, as pub
lished by us on that date, were received from one of the
county officials.
Owyhee County, Idaho.— B o n d O ffering. —Proposals will
be rectivtd until 12 o’clock noon July 12, i897, by the Board
of County Commissioners, care of E. L. Ballard, County
Ch rk, for the purchase of $61,000 of funding bonds. Each
bidder is to state the rate of interest at which the bonds will
be taken. The securities will not be sold below par, and no
bid will be considered which specifies a rate of interest ex
ceeding 6 p n cent. Interest on the bonds will be payable
semi-annually on the fust days of January and July at the
office of the County Treasurer, and the principal will mature
at the rate of $6,100 per annum beginning with 1907. Tbe
Diet*. D enison & P rior. C le v ..#25.480 80 | R u dolph K le y b o lte A Co., Cin.f25.150 00 bonds will be of the denomination of $100, $500 and $1,000,
E. H . G ay A Co.. B oston .
. 25,338 80 I Etlw.C. Jun es Co.. N. Y ............ 26,080 00
R o b in son Bros.. P itts b u rg — 21,976 80 and will be payable, both principal and interest, in gold.
T h e L a m p rech t Bros. Co..
C lev ela n d ................................. 23.210 80 T h e P en n M utual L ife Ins.
Oyster Hay, N. Y .—B on d Sale. —The $50,000 of 4 percent
W .J . H ayes A S ons.C leveland 26,187 00
Co., P h ila d elp h ia ................... 24,810 00
bonds of Oyster Bay were sold to E. D. Shepard & Co. of New
Napoleon, Ohio.— B on d Sale .— The $24,000 cf 5 per cent York City, at 102 05. The following is a complete list of the
street improvement bonds of the village of Napoleon were bids received :
awarded to Rudolph Kleybolte & Co. of Cincinnati. The se E. D . Shepard & C o.. N. Y ....... .. .102-05 I G eo. M . H ahn, N. Y .........................101-20
curities are of tbe denomination of $1,000 and $500; interest T h e L a m p rech t B ros. Co.. C le v .. I02*oo Street. W yk es A Co.. N. Y .........101*25
C. S t u n ' V ' A Co., B o sto n — JOfhS W lian n A Schlesinger. N. Y .........101*01
is payable semi-anrually on the first days of January and E.
B ertron A SfcorrB, N. Y ................... 101*80 C. H. W h ite A Co.. N. Y ................. 100*81
July arid the prircipal will mature as follows: $22,500 at W a lte r Stanton A Co.. N. Y .........101*50 W . J. H ayes A Sons, C lev..............100*63
the rate of 12,500 per annum from July 1,1898 to 1906, inclu
A bid of 107-15 waB received from N. W . Harris & Co. of
sive, and $1,500 o d July 1, 1907.
New York City, which was not considered as it did not
Neoga, 111.— B on d Sale .— Schcol bonds to the amount of comply with the conditions of the sale.
$5,000 have been sold to the Olney Bank of Olney, 111., at par.
The securitit s are of the denomination of $500 each and will
The securities bear inierest at the rate of 6 per cent, payable mature June 1, 1927.
annually at the Olney Bank, and will mature in ten years
Palestine, Texas. —B on d N ew s.— The city of Palestine
from date of issue.
some time ago passed an ordinance authorizing an issue of
hen ark. N. S .— Bcmd Sale .—The $300,000 of 4 per cent $100,000 of bonds for the construction of a water plant. Cer
registered library bonds of the city of Newark were awarded tain parties asked for an injunction to prevent the issuance of
to E. H. Rollins & Sons of Boston at 111-819. The following the securities, and the Supreme Court has just rendered a
is a complete list of the bids received.
decision upholding the decision of the lower courts in granting
the injunction.
E. H . R ollin s A Sons, B o s t o n ... 111*819 I Edw. C. J o n e s Co., N. Y .............. 109*730
109*710
D unscom b A Jenm son. N. Y . . . 111399 W m . T. M eredith & C o., N. Y . ..
Pliilmont, N. Y.—B o n d S ale .— The city of Philmont has
Ben w ell A Evpritt, N. V ........... lJl'-'SO I B ertron & Storrs, N. V '.. ......... lf9 5 9 9
N. W . H arris A Co.. N\ Y ...........111*270 I J . & W . Sella m an A Co., N. Y . .. 109*275 sold $40,000 of water bonds to the State Comptroller at 103-70.
109*180
Farson, Leach A Co.. N. Y ......... Ul*<'30 I E. D. Shepard A Co., N. Y .......
The securities bear 4 per cent interest, payable at the
E slabrook & Co., B ea ton ............ 110*823 I B la.r A Co.. N. Y ............................ 109*091
Farmers’ National Bank of Hudson, N. Y ., and will mature
R u dolph K le yb o lte & Co., Cin
R. L. D ay & Co.. N. Y ................. 110*790
cin
nati,
an
d
T
h
e
L
a
m
p
re
ch
t
Blake Bros. A Co.. N. Y .............. 110*490
at the rate of $2,000 per annum, beginning 1906.
Bros. Co.. C leveland................. 108375
Street. W ykea A Co.. N. Y ......... 110 070
Pittsfield, Mass.— B on d N ew s .—It is reported that E. H.
E. M orrison, N. Y ........................ 108*280
Som erville D im e Savings Bank,
S om erv ille ................................... *110*000 J Ot H . W h ite A Co.. N. Y .............. 108*000 Rollins & Sons of Boston, who recently purchased $170,000 of
H ow ard Savings Bk.t N e w a rk .. +106*160
Pittsfield school bonds, have, on the advice of their cousel,
* F o r f 10,000. + F o r 1175.000.
The securities are of the denomination of $1,000 each, dated raised an objection to the manner in which the securities
June 1 1897 ; interest is payable semi-annually and the prin were issued.
It is stated that the City Council authorized the loan under
cipal will mature in thirty years from date of issue. The
the general law, while the above firm claimed that the action
bonds are exempt from taxation.
Newton. Mass.— B o n d Sale .— The city of Newton has sold needed a special act of the State Legislature, as was granted
$40,000 4 per cent street-improvement bonds to tbe Com for the $100,000 of water bonds awarded to them at the same
missioners o t the Sinking Fund at par. The securities are of time.
Port Gibson, Miss.— B on d O ffering .—Proposals will be
the denomination of $1,000 each; interest is payable semi
annually on the first days of May and November at the ceived until June 14, 1897, by the Mayor and the Board
1058
THE
C H R O N IC L E
[ V o l . L V IV ,
- ........... '■ ’.............. - - -------- ------------------------- i:------------— —rta.
F . M . F a r r , C h a ir
A H ! '! (»i#o o f I '- r t G ib e o n f o r t h e p u r c h a s e o f §*23,000 o f 0 p e r s o ld o n M ay 20, th e d ,y fix e d f o r th e snip.
m a n , r e p o r ts to t h e C h r o n i c l e th a t b id s f o r th e p u r o b a s i o f
y , , af w att-r-w ork s trod e le c t r ic lig h t b o n d s .
P o r t f f n r o a , M ltflu— B o n d * P r o f l o m l .— T h e c ity o f P o r t th e b o n d s w ill still b e r e c e iv e d , a n d th a t in te r e s t o n th e
j-j . jj ,. V[1ii
j-.-5.otX) o f K in d s t o r e fu n d c e r t a in se c u r itie s s e c u r it ie s c a n b e m a d e to b e p a y a b le in N e w Y o r k C it y , i f
(i :
St*. Ju ly ! . Se*t»7. T h e r e fu n d in g b o n d s w ill b e a r in* th e p u r c h a s e r sh o u ld s o d e sire . T h e s e c u r itie s w ill b e a r in
t.-r*-; » t th e ra te o f i p e r c e n t , p a y a b le s e m i a n n u a lly , an d te re st a t t h e ra te o f 6 p er c e n t a n d w ill m a tu r e in f o r t y y e a r s
tt .r natu re in t w i-n ty -fiv e y e a r s f r o m d a t e o f issu e, s u b je c t fr o m d a te o f issu e, s u b je c t t o c a ll a f t e r t w e n t y y e a r s.
V in c e n n e s , I n d . — B o n d S a le .— t h e $22,000 o f V in c e n n e s
to r a il a ft e r tw e n tv y e a rs.
P t .r K m o n t h , V a . ~ B o n d S a te .— T h e c i t y o f P o r t s m o u t h b o n d s h a v e b e e n a w a r d e d t o N . W . H a rr is & C o , o f C h ic a g o .
Ili. T h e s e c u r it ie s b e a r in te r e s t a t th e r a te o f 5 per c e n t a n d
i
1 ;
. n
t i-r c e n t p a y in g a n d g r a d in g b o n d s .
In terest o n th e se c u r itie s is p a y a b le s m r i o n n u a l l y , a n d th e w ill m a tu r e a t th e ra te o f $2,000 p e r a n n u m f r o m 1907 to 1917,
In c lu s iv e .
) r:-o.* r d w i l l m a tu re A p r il 1. 1907. T h e lo a n is fr e e fr o m
\ Y abash , I n d .— B o n d O ffe r in g .— P ro p o s a ls w ill b e r e c e iv e d
u v t t r - n and i- i--u e d in th e fo r m o f o o u p o n trends o f §100
ftr.l •' i. w ith th e p r iv ile g e o f t h e r e g is tr a tio n o f p r in c i u n til J u n e 7, 1897, b y th e c i t y o f W a b a s h fo r t h e p u r c h a s e o f
pal an d in terest o r p r in c ip a l o n l y , as th e p u r c h a s e r m a y $13,500 o f 4$| p e r c e n t s c h o o l h o u s e b o n d s . T h e s e c u r it ie 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 t e d J u ly 1, 1897;
U n esn a C o o n t y . N Y .—B o n d Netvss.— A p p lic a t io n h a s b e e n in te re st w ill b e 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
in n de b e fo r e th e D e p u t y A tt o r n e y -G e n e r a l fo r p e r m is s io n t o m a tu r e f r o m 1900 t o 1998 in c lu s iv e , a t th e ra te o f $1,500 e a c h
year.
r< s t r a in Q u e e n s C o u n ty f r o m Issu in g §202,000 o f b o n d s fo r
W a lt h a m , M a ss. — l e m p o r a r y L o a n .— T h e c i t y o f W a lt h a m
ti& d im p r o v e m e n ts o n t h e g r o u n d th a t th is issu e o f b o n d s
w o u ld b r in g t h e c o u n t y 's to ta l b o n d e d d e b t b e y o n d th e lim it h a s a w a r d e d a s ix m o n t h s ’ lo a n a m o u n t in g t o $75,000 t o
G e o r g e M ix t e r , o f B o s t o n , a t a d is c o u n t o f 2*75 p e r c e n t a n d
f i l e d hv the C o n stitu tio n .
H a n som C o u n t y . N. 1) .— B o n d I s s u e . — 'This c o u n t y h a s c o n $3 50 p r e m iu m .
W a r r e n , O h io .— S a le P o s t p o n e d .— T h e $20,000 o f s c h o o l
trad w it h F . R . F u lto n o f G r a n d F o r k s , N . D ., f o r th e sale
o f >4 VX«) o f 5 p er c e n t fu n d in g b o n d s . T h e ^ se cu ritie s a re t o b o n d s o f th e t o w n o f W a r r e n , b id s f o r w h ic h w e r e r e c e iv e d
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 te d J u n e 1, 1897 ; o n M a y 6, 1897, w e r e n o t s o ld , th e d a t e o f t h e sa le b e in g p o s t
interest is to b o p a y a b le s e m i-a n n u a lly o n t h e first d a y s o f p o n e d u n til J u n e 2, 1897. T h e se c u r itie s w i l l b e o f t h e d e
J u n e an d D e c e m b e r a t th e C h a se N a tio n a l B t n k o f Navy n o m in a t io n o f $300 e a ch ; t h e y w ill b e a r 4 % p er c e n t in te r e s t
a n d w ill m a tu r e a t th e r a t e o f $1,000 p e r a n n u m f r o m J a n . 1,
Y o r k , an d the p rin cip a l is to m a tu r e J u n e 1, 1917.
H e a d in g . M ass.—--Vote S a le.— M essrs, E d g e r ly & C r o c k e r o f 1901 to 1920, in c lu s iv e .
W e stch e ste r
C o u n t y , N. Y .— B o n d S a le .— W e s tc h e s te r
Bo s 'o n w e r e a w a r d e d th e $10,000 n o t e o f R e a d in g , M ass., at
' b r e r ce n t in te re st a n d $5 p r e m iu m . T h e f o l l o w i n g b id s C o u n ty h a s issu ed $30,000 o f b o n d s f o r th e p u r p o s e o f p a y in g
d r a ft s o f th e O v e rse e rs o f t h e P o o r o f th e s e v e r a l t o w n s o f
w e re r e c e i v e d :
Bate of
Interest. Premium. th e c o u n t y issu e d f o r th e t e m p o r a r y s u p p o r t o f th e p o o r s in o e
J a n u a r y 1.
in
Curiii
W e s t C h e s t e r , P a .— B o n d s A u t h o r i z e d .— T h e B o r o u g h
...................... 3*875
........
Ik
C o u n c il o f W e s t C h ester h a s a u th o r iz e d a n issu e o f $50,000
n. rrv. NVwtimmi & lV4mit*j, Boston*..........
nw»ts
o f w a te r b o n d s . T h e s e c u r it ie s w ill b e a r in te r e s t a t t h e ra te
4. WfiU i O ., Bmum....... ....................... .
o f Z1/ , p e r c e n t a n d w i l l m a tu r e in t h ir t y y e a r s f r o m d a t e o f
T h e loa n is d u - M ay 1, 1898.
issu e.
H lc h m im d H i l l , N. Y . ~ B o n d I s s u e .— T h e fo l l o w i n g b id s
W e s t f i e ld , N. Y .— B o n d s A u t h o r iz e d — T h e t o w n o f W e s t f ie ld
w e r e r e ce iv e d fo r th e $159,000 o f 4 p e r c e n t s id e w a lk b o n d s
h a s b een a u th o r iz e d to issu e $80,000 o f r o a d -im p r o v e m e n t
o f R ic h m o n d H ill.
b o n d s . T h e se c u r itie s w ill b ea r 4 p e r c e n t in t e r e s t a n d w ill
X. w H « ti* 4 rv>.. X V....... . los-sso i
Sherrill, Po'keeMie... 103*880 m a tu r e in t w e n t y -fiv e y e a r s f r o m d a t e o f issu e.
n ... 145-OfM Iwhsnn & 8cMes!nsrer. N. V .... 108-080
W e s t e r ly , R . J .— N o t e S a le .— T h e t o w n o f W e s t e r ly h a s
I
................... 1
, Inin; A Ji„™ , A C o.N , r.,..-*103-MO
IU'r\•. S, T ........ iGri>5 ; The L&mprecM Bros.Oo., C-lev, lOTf.flO
s o ld a n o t e a m o u n t in g to $25,000 t o B lo d g e t , M e r r itt & C o.
K. C Ptanwoei! ScCOr, Boston., 101*28.) |Walter Stanton & C o N . Y.,*.. l02-803
o f B o s to n a t a p r iv a t e sale.
r*r $m jm .
B o n d E l e c t i o n .— O n J u n e 9 ,1 8 9 7 , th e c itiz e n s o f t h e t o w n o f
T h e tK'tu.ls h a v e n o t b e e n a w a r d e d as y e t . T h e y are d a ted W e s t e r ly w ill v o t e o n a p r o p o s it io n t o issu e $200,000 o f w a t e r
J u n e 1. 1897, a r d w ill m a tu r e a t th e r a te o f $5,000 p e r a n w o r k s b o n d s . I n t h e m e a n t im e th e T o w n T re a s u r e r is a u
n u m , b e g in n in g J u n e 1, 1952.
t h o r iz e d t o b o r r o w an a m o u n t n o t e x c e e d in g $150,000 f o r
B o n d „Y, trs,— F a r s o n , L e a c h & C o ., w h o w e r e r e c e n t ly w a t e r -w o r k s p u rp os es.
a w a rd ed j7<M» 0 o f 4 p e r c e n t s t r e e t -im p r o v e m e n t b o n d s o f
W h i t e s i d e C o u n t y (111.) S c h o o l T o w n s h i p N o. 2 1 .— B o n d
R ic h m o n d IItil h a v e r e fu s e d to a c c e p t th e s e c u r itie s o n th e 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 5 o ’c l o c k p . m ,.
g r o u n d t h a t t h e y w e r e ille g a lly issu ed.
J u n e l , 1897, a t th e o ffic e o f D . L . M ille r, S t e r lin g , 111., f o r
H o c k b r i d g e C o u n ty , Y a . - B o n d S a fe .— R o c k b r id g e C o u n t y t h e p u r c h a s e o f $40,000 o f s c h o o l b o n d s o f th is t o w n s h ip . T h e
has sold $1 .GOO o f 5 p e r c e n t c o u r t-h o u s e b o n d s t o lo c a l i n 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 a n d $1,000 ;
vestors :.t L e x in g t o n at p ar.
T h e in te r e s t o n t h e s e c u r itie s is
th e y w ill b e a r in te re st .at a r a te n o t e x c e e d in g 5 p e r c e n t , p a y
p a y a b le at th e o ffic e o f th e C o u n ty T re a su r e r a t L e x in g t o n : a b le a n n u a lly a t S te r lin g , a n d w ill m a tu r e at. t h e r a te o f
the bond.- w ill b e c o m e d u e in t w e n t y y e a r s f r o m d a te o f $5,000 p e r a n n u m , b e g in n in g w it h 1902. N o b id fo r less t h a n
issu e, s u b je c t t o c a ll a f t e r te n y e a rs.
p a r w ill b e c o n s id e r e d , an d ea ch p ro p o s a l m u s t b e a c c o m
Sat o. M n in e .— B o n d S a l e — T h e $39,000 o f 4 p e r c e n t 1 4 - p a n ie d b y a c e rtifie d c h e c k f o r 10 p e r c e n t o f a m o u n t b id f o r .
y e a r a v e r a g e r e fu n d in g b o n d s o f S a c o w e r e a w a r d e d t o S w a n
W h it e s t o n e , N, Y .— B o n d s A u t h o r i z e d .— T h e c itiz e n s o t
A B arrett o f P o r t la n d , M e ,, a t 105*05. T h e f o l l o w i n g is a W h it e s t o n e 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 t o issu e
c o m p le te list o f th e b id s r e c e iv e d :
$26,000 o f s c h o o l b o n d s .
W h it e S u l p h u r S p r i n g s ,M o n t .— B o n d O ff e r in g .— O n J u n e
Svati 4 iii~ . il. iv.i-UftTu!.. . jv.-.-'Wm j Perober & Moore. Race........... l-H‘010
-- M l
- a Ml... x. y .. .. icm-iMS
Pm M-:- ,v 1 -... I! ,.ion.......Inii-WfclB 1 7 , 189T, at 12 o’ c lo c k n o o n , th e t o w n o f W h it e S u lp h u r S p rin g s
w ill sell a t p u b lic a u c t io n $30,000 o f 0 p e r c e n t w a te r b o n d s .
M l» .
r ,V PlwlPr.BoMepSJO ; Sam .4 Blddofortl S.-iv. Inst....108:800
CM 8 l x . W . Harris & Co., Boston..... io.t -po
T h e sei u n tie s w ill b e o f t h e d e n o m in a t io n o f $500 o r $1,000, as
- < 11- ' -- - A Uiior. M -l ..n. o ; - si.O i i-iirkln.' .a ,v Burr. Boston......103-381
... M. i. - v \ i ....
.........P>r4'» ] Jas. W.-Longatrodfc ft Co., Bos.lOSalO
m a y b e d e sire d ; 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
Oo... A i ■r:
A'
n . P*rt 42 t Adams & Co . Boston.
..103-278
t h e ' fir st d a y s o f J a n u a r y a n d J u ly , a n d t h e p r in c ip a l w ill
r „ . I!,
..........tn:i-o:,(i
it.-’ ll
..... 1 •■ 11 ; : ■.
A- A".. IN- t,.n....... 102-780
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 i-'su e, s u b je c t to
c a ll a f t e r ten y e a r s . N o b id f o r less t h a n p a r w ill b e c o n
S an A n g e l o , T«*\ iih.— B o n d N ew s.— T h e S u p r e m e C o u r t h a s
sid e re d .
ilr cid .'d th a t th e $19,000 o f stre e t im p r o v e m e n t b o n d s issu ed
W o l f h o r o , N . I I ,— B lin d s P r o p o s e d .— I t is r e p o r t e d t h a t th e
by th e c ity o f Han A n g e lo in 1889 w ill h a v e t o b e p a id . A f i e r
t o w n o f W o lf h o r o p ro p o se s t o issu e b o n d s f o r th e e r e c t io n o f
these b o n d s w e re issued th e in c o r p o r a t io n w as d isso lv e d o n
a n e le c t r ic -lig h t p la n t.
nee,.,;ist o f alle g e d ir re g u la r itie s in th e p ro c e e d in g s
T h e c it y
W o r c e s t e r , M a ss.— T e m p o r a r y L o a n .— T h e c i t y o f W o r c e s
w as im m e d ia te ly r e -in c o r p o r a te d , h o w e v e r , u n d e r th e s t m e
te r has a w a r d e d a fiv e m o n t h s loa n o f $100,000 t o B la k e B r o s ,
M in e and w ith th e u r n s o fficia ls , b u t b o n d s p r e v io u s ly issu ed
& C o ., B o s t o n , at. 2-71 p e r c e n t in te r e s t. T h e fo l l o w i n g is a
v.-t re r e p u d ia te d .
c o m p le t e list o f th e b id s r e c e iv e d :
S h a ck l e f o r d C o u n t y , T e x a s .— Bon/S» R e d e e m e d . — G o u rt- Blaica Bros. & Co., Boston............................................................... 2‘7i tntorost1
Discount.
li-.iM, K in d s a m o u n tin g to $5tX>, h e ld in t h e s c h o o l fu n d , h a v e
Ooorge Mixter, Boston............. ............ .................................. .....................*2-75
K< ri r e d e ro t<1 b y S h a c k le fo r d C o u n t y .
Bona&{too<t*vin,Boston . ..... .... — ............ .......................... .
2*?»
Cnriin
,4
MoUi-y.
Boston
.
.............
.............
......................................
2-84
S o m e r v i l l e , M a ss.— l e m p o r a r y L o a n . — S o m e r v ille has
Otmseomb & Jonntson. Now York....... ..................................................... 2'S4
p la ced a t e m p o r a r y lo a n a m o u n t in g t o $100,000 w it h B la k e Krtgedy & Crocker Boston............................................................................ 2*55
Biodg'-t. .Merritt A Co.. Boston................. ......................... ........................... 2V5
B rr*. & Co. o f Ikiiton.
H. 8. Homer & Co., Boston.............................................................................. 3-88
S ia o n t u n . \ a .— B o n d S o le .— T h e c it y o f S ta u n to n h a s s o ld
* And
50 prem iu m .
1- c ! it,-., tors at p ar $100,000 o f
per ce n t bon d s. The
Wyandot C o u n t y , O h io .— B o n d O ffe r in g ,— P r o p o s a ls w ill
=<ciii)i.i.-- >r ■ d i f .,1 M ay 1, 1897; im p r e st is p a y a b le se ra ta n m w lly o r t th e first d a y s o f M ay a n d N o v e m b e r at th e o ffice b e r e c e iv e d u n til 12 o ’c lo c k n o o n , J u n e 8, 1897, b y T . W .
, f the C i’ y T re a su re r o f S ta u n to n an d (h e p r in c ip a l w ill P a r k e r , C o u n t y A u d it o r , U p p ? r S a n t'tttk y , O h io , fo r th e p u r
rr.M tr
In f r o m t w e n ty t o th ir ty y e a r s f r o m d a te o f c h a s e o f $125,000 o f 6 p er c e n t c o u r t -h o u s e 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 $625 e a c h , d a te d J u n e 1,
S n , p r i o r W is .— W , J , H a y . a & .Sons o f B o s to n a n d C le v e - 1897, an d w ill m a tu r e a t th e r a te o f $6,250 p e r a n n u m fr o m
U r d are p u b lish in g an a d v e r t is e m e n t a sk in g th e h o ld e r s o f J u n e 1, 1898 to 1917, in c lu s iv e .
i
tm p rovi m er.t b o n d s o f S u p e r io r to c o m m u n ic a t e w ith
Y o r k C it y ( P a . ) S c h o o l District.— B o n d O ffe r in g — P r o
: th* ridvcrtisfirj.-.ntR o f th is issu e .
p o s a l! w ill be r e c e iv e d u n til J u n e 1, 1397, b y t h e B o a r d o f
T O B B w an d *. N. V. - B o n d ,S’.» f c , ~ T h e v illa g e o f T o n a w a n d a S c h o o l C o n tr o lle r s o f t h e Y o r k C ity S c h o o l D is t r ic t , Y o r k ,
t m (flirt
■!■*•( o f 4 p er c e n t 1 8 -r e a r s e w e r b o n d s .
P a ., fo r th e p u r c h a s e o f $80,000 o f 4 p e r c e n t b o n d s , T h e se
t
X. ( — S a fe f t u t p t m d — T he $40,000 o f w a terc u r itie s w ill m a tu r e a t th e r a t e o f $5,000 p e r a n n u m , b e g in
ss t.r j < i< t ir ic -lig h t b o n d s o f t h t t o w n o f U n io n w e r e n o t n in g in 1906.
THE
M a y 29, 1897. J
C H R O N IC L E ,
STATE AND CITY DEBT CHANGES.
W e subjoin reports as to municipal debts received since
the last publication of our S tate a n d Cit y S upplem ent .
Some of these reports are wholly new and others cover items
of information additional to those given in the S upplement
and of interest to investors.
Meriden, Conn.—Levi E. Coe, Mayor. The following finan
cial statement has been corrected to December 1, 1896, by
means of a special report to the Chronicle from Herman
Hess, City Clerk.
The town and city of Meriden are situated in New Haven
County. Diring the past year the town of Meriden voted to
consolidate the schools and assume the debt of all the school
districts, amounting to $61,010 45.
LOANS—
NAME AND PURPOSE.
-— Interest.— .
Rate. Payable.
.----------- Principal .—
When Due.
—,
Outstand’g.
Ci t y o f M e r id e n B o n d s—
City improve’t bonds. 1876 6 J & J {J ^ o ’,000yearly9 } $30,000
fu n ding bonds............1895 4 J & J July 1, i914
50,000
Sewer bonds................ 1893 4 M & N May 1,1900 to ’13 135,000
$10,000 due y’rly. for 13 yrs., $5,000 in 14 yrs.
W aterbonds................1889 3 ^ J & D June 1, 1897
80,000
$20,000 due yearly to June 1, 1900
do
................ 1893 4
M & N May 1,1 901 t o ’ l l
210,000
$20,000 due y’rly for 10 yrs., $10,000 in 11 yrs.
- do
................1895 4 J & J July 1, 1912
20,000
2^ T
M
B
—
1896 to 1912
2§0,000
War and High School.........6, 4*2 & 4 ---Funding bonds.................... 4 J & J Jan. 1, 1912
40,000
6ubject to call after Jan. 1,1902
IN T E R E S T on the city’s water and sewer and funding bonds s
payable at the Im porters’ & Traders’ National Bank, New Y ork; on
the improvement bonds at the Fourth National Bank, New York.
T O T A L D E B T , ETC.—The city’s bonded debt on December 1,1896
was $545,000; floating debt, $35,000; total debt, $5SO,000; cash in
treasury, $8,909; net debt, $571,091. The w ater debt (included In
the above total) is $310,000. The town’s total debt December l t
1891, was $359,510 45.
ow n of
e r id e n
onds
1059
P O P U L A T IO N .—P opulation o f Meriden City in 1890 was 21,652
in 1880 wa3 15,540. P opulation o f Meriden tow n, including the city*
was in 1890 25,423; in 18 80,1 8,34 0; in 18 70,1 0 ,4 9 5 ,
Medford, Mass.—L. H. Lovering, Mayor. The following
financial statement of the city of Medford has been corrected
up to February 1, 1897, by means of an official report to the
C h r o n i c l e from Parker R . Litchfield, City Treasurer.
Medford is in Middlesex County.
LOANS—
W h e n l> u e .
P l a y -G r o u n d B o n d s—
4s, J&J, $ 7 ,0 0 0 .......... July 1, 1904
4s. J&D, 1 4 ,0 0 0 .......... Dec. 1, 1914
P u b l ic B u il d in g B o n d s -
48, J&J, $ 4 5 ,0 0 0 ........ July 1, 1913
4s, M&N, 5 6 ,000........ Nov. 1, 1914
4s, J&J,
6,0 00........ July 1, 1899
4s, J&D, 1 8 ,000........ 1901-1903
($6,000 due yearly n July 1.)
4s, J&J, $ 4 ,0 0 0 ........... July 1, 1904
4s, J&J, 4 ,0 0 0 ...........Ju ly 1, 1907
4s, J&J, 2 1 ,000...........July 1, 1908
4s, J&J, 26 ,000...........July 1, 1909
4s, J& J, 26,000........... Ju ly 1, 1911
4s, J&J, 2 6 ,000...........Ju ly 1, 1912
48, J&J, 18,000...........Ju ly 1, 1915
S e w e r B on d s-
48, J&J, $20,000 ....... July 1, 1905
4s, A&O, 10.000......... Oct. 1, 1905
Is, J&J, 12,000......... Ju ly 1, 1906
4s, A&O, 10,000......... Oct. 1, 1906
4s, J&J, 12,000......... July 1 ,1 9 0 7
4s, J&J, 1 0 ,000......... July 1, 1915
4s, A&O, 10 ,000......... Oct. 1, 1915
4s. F&A, 80,000.............1916-1919
($20,000 due yearly on Aug. 1.)
4s, F&A, $75,00 0........... 1920-1922
($25,000 due yearly on A ug 1.)
4s, F&A, $30.00 0........Ang, 1, 1923
4s, J&J,
10,000........July 1, 1924
4s, A&O, 10,000........Oct. 1 ,1 9 2 4
4s, J&J, 20,000........Ju ly 1 ,1 9 2 5
S e w e r B onds —(Con .)—
4s, J&J,
41,000.......July 1 ,1 9 2 6
W a t e r -Wo r k s B onds48, J&J, $ 7 5,00 0........ July 1, 1900
4s, J&J, 125,000........ July 1, 1910
4s, J&J, 100,000.............1899-1923
($4,000 due yearly on Jan. 1.)
4s, A&O, $25,00 0....... Oct. 1, 1914
4s, A&O, 2 5 ,000........ Oct. 1, 1919
4s, J&D, 4 5 ,0 0 0 ....... Deo. 1, 1922
4s, J&J,
6,000........ July 1, 1916
4s, J&J,
6,0 00........ Ju ly 1, 1917
4s, J&J,
1 1 ,000....... Ju ly 1, 1918
4s, J&T,
15 ,000....... July 1 ,1 9 2 0
4s, J&J,
15,000....... July 1 ,1 9 2 1
4s, J&J,
36,000....... Ju ly 1, 1923
Bonded debt Feb. 1,’97.$1,105,000
Sinking fu n d s...............
169,804
W ater debt (included)..
484,000
Perm anent debt (add’l).
14,609
Perpetual care fund (ad
d ition al).......................
18,073
Unfunded d ebt...............
220,000
85,000
Notes................................
T ax valuation, real.......15,403,650
T ax valuation, person’l 2,315,450
T otal valuation 18 96...17,7 19,1 00
(Property assessed at about m ar
ket value.)
T ax rate (per $1 ,000 )...........$13*60
P opulation in 1880 w as___ 7,573
Population in 1890 w as___ 11,079
P opu lation in 1895 w a s___ 14,480
There is also a fund know n as the B radbury Fund, am ounting to
$11,252. This is invested in the M edford Savings B ank and is n ot
included in estimating the city ’s indebtedness.
A SSE SSE D V A L U A T IO N o f city in 1895 was $1 1,930,016; t a r
rate (per $1,000), $10*00. The tow n o f Meriden in 1895 had a grand
IN T E R E S T on bonds is paid at the H oward National Bank o f B o l
o f $13,710,151; t a r rate, $10 50 per $1,000.________________________ ton. A ll notes and interest on same are paid by City Treasury,_______
st
NEW
^
2
5
LOANS.
0
, 0
0
NEW
$
0
4
LOANS.
2
, 0
0
0
H O U S T O N , {T E X A S, TOWN OF MILFORD, DEL,,
52 P a v in g a n d S e w e r B o n d s
42
R efu nding
Bonds.
P roposals fo r $42,000 R e fu n d in g L o a n o f th e T o w n
o f M ilford, State o f D elaw are.
Sealed bids addressed t o th e C ity S ecretary o f the
P roposals w ill be re c e iv e d at M ilford , D elaw are,
■City o f H o u s to n , T e x a s , w ill b e re c e iv e d up t o 12
until 12 M ., T u esd ay, 15th day o f Jun e. 1897, f o r th e
o ’clock n oon o f Saturday, J u n e 5, 1897, fo r an issue
purchase o f all o r a n y portion o f th e a b o v e loan to
o f f 250,000 o f P a v in g and Sew er B on ds o f th e City
be issued in bon d s o f $1,000, e x e m p t fro m all State,
o f H ou s ton , au th orized b y ch arter passed by the
c o u n ty and m unicipal ta x a tio n .
present L egislatu re o f th e S tate o f T exa s, payable
Said bonds a re bein g issu ed b y au th ority o f an A c t
n g old , dated J u ly 1, 1897, o f th e d en om ination o f
o f th e L egislature o f th e State o f D elaw are, and p u r
$1.000, t o run fo r t y years, w ith an o p tio n o f redem p
suant to an ordin an ce o f T o w n C ou n cil, th e proceeds
tion a fte r tw en ty years, in terest five (5) p e r c e n t ,
t o b e u sed f o r th e redem ption o f th e L ig h t and
principal and in terest payable a t th e office o f the
a te r L oan.
U nion Trust C om pany, N ew Y ork, Interest payuble
T h is loan will bear interest at th e rate o f 4 per
sem i-an n u ally. B on d s t o be d eliv e re d t6 th e pu r
ent per annum , payable se m i-an n u ally on th e first
ch a s e r in H ou ston . T exa s, and purch aser to pay fo r
days o f January and Ju ly at the F irst N ational Bank
them w hen deliv ered , accord in g to th e term s o f such
o f M ilford, D elaw are, and is f o r th irty years, re
con tra ct as m ay be m ade. N o bid f o r less than par
d eem able a ft e r te n years.
and a ccru ed in terest will b e con sidered and each
T h e su cce ssfu l bidder o r bidders w ill b e required
b id d er w ill be required t o d eposit w ith th e M ayor o f
t o settle f o r th e bonds a t o r b e fo r e 12 M . n o o n
th e C ity o f H ou ston local ch eck o r N ew Y ork e x
W ed n esd a y, J u n e 30,1897.
ch a n g e in th e sum o f $3,000 t o secure m a k in g o f c o n
All proposals to b e accom panied by certified check
tract and p aym en t f o r bonds.
o f 1 per cent o f th e am ou n t o f bonds bid fo r , t o be
T h e c ity reserves th e righ t t o reject an y and all
m ade payable to th e o rd er o f Isaac S. T ru itt, P re si
b id s.
H . B. RIC E . M ayor,
d e n t o f T o w n C ouncil o f M ilford !><- laware, w ith o u t
H o u sto n , T exa s.
con d ition s, and draw n u p o n an in corp ora ted bank o r
tru st com pan y lo ca te d in th e C ity o f B oston, N ew
Y ork. P h iladelphia o r W ilm in gton , and ad d ressed to
< « 1 > 2 ,0 0 0
T o w n Council, M ilford , D elaw are.
T h e rig h t to r e je c t any o r all bids reserved.
T h e ch ecks o f un su ccessfu l bidders w ill b e re
turned. T h e assessed v a lu a tio n o f real e state o f
M ilford is $920,380; poll $272,550.
T h e re is n o o th e r bon d ed o r floatin g d e b t o f any
PE R C E N T B O N D S .1
kind.
All bids shall b e addressed to P residen t o f Council.
Z Sealed proposals w ill be rece ive d at th e office o f M ilford. D elaw are, and m arked “ P roposals f o r R eth e C ou nty Clerk o f C h oteau C ou nty, M ontana, at tu n dln g L o a n ."
A n y fu rth e r inform ation m ay be had b y applying
F o r t B en ton , th e cou n ty sea t o f said co u n ty , up to
to
TH EO . TOW NSEND,
n oon o f M onday, J u n e 7th, 1897, f o r th e purchase o f
S ecretary o f Council
$ 9 * J ,0 0 0 cou p on bon d o f said c o u n ty , said bo n d s
to draw Interest at th e rate o f six per cent per
annum , payable sem t-an nually. In Jan uary and July
o f each year, redeem able in fifte e n and payable in
t w e n ty years a fte r date* o f issue. Said bon d s are
Issued f o r th e purpose o f con v e rtin g outstanding
warrants and redeem in g oth er bonds o f said c o u n ty
now due and payable. Said new bonds will be Issued
B ids w ill b e re ce iv e d until Ju n e 4th, 1897, f o r all
In d en om in ation s o f ILOOO each, and bids w ill be
o r any portion o f § 2 0 , 0 0 0 W a te r -W o r k s B on ds
rec e iv e d fo r the w h ole or an y part o f th e afo re sa id pledging cre d it o f th e T o w n ; d e n om in ation o f a
thousand
d o lla rs; interest 4 per cen t, payable an
am ount. P roposals m ust be en dorsed “ Proposals
nually. A ll payable in five instalm ents o f $l,oo0
f o r B on d s", and addressed to E. Frank Sayre, e a c h ; first instalm ent becom in g due Jun e 10th,
C o u n ty Clerk, Fort B en ton , M ontana. T h e right to 1922. C ou pon B on ds. N o o th e r bonded indebted
ness. R igh t reserved to reject an y and all bids.
r e je c t any or all bids Is reserved.
A d d ress.
W . G. G R A V E S ,
B y o r d e r Board C ou nty C om m issioners.
Secretary Board W a te r Com m issioners,
Cham plain. N. Y
E. F R A N K S A Y R E , County Clerk
O ffe r e d f o r S a le J u n e 5 , 1 S 9 7 .
C h oteau C oi'ntv M ont.
6
PROPOSALS.
Champlain, State of New York
NEW
^
3
LOANS.
5
, 0
0
0
VILLA G E
OF
FAR ROCKAW AY, L. I.,
52 I M P R O V E M E N T
BON DS.
N o tice is h e re b y g iv e n th a t bo n d s o f O ne T h o u
sand D ollars each o f th e V illa g e o f Far R ockaw ay,
to th e am ou n t o f T h irty -fiv e T h ou san d D ollars,
bearing date Ju n e 1st, 1897, payable O ne T h ou san d
D ollars each year a fte r t h e issue t h e r e o f f o r tw en ty
years, and F ifteen T h o u sa n d D ollars o n th e tw e n ty first year a fte r th e issu e th e r e o f, w ith in te re st p a y a
ble sem i ann ually at 6 per cen t, issu ed in pursuan ce
o f law authorizin g th e raising o f th e sum o f T h ir t y five T h ou san d D ollars in annual Instalm en ts as an
extraordin ary expen d itu re fo r th e pu rpose o f an d t o
b e exp en d ed in the im p ro v e m e n t,o p e n in g and r e p a r
a tio n o f the streets and a ven u es o f th e V illa ge o f
Far R ockaw ay, w ill be so ld b y th e T ru stees o f said
V illage, with accrued in terest th e re o n , to th e highest
bidder, at pu b lic sale a t th e V illa ge H a ll, in the
V illa ge o f Far R ocka w ay, N. Y., o n th e 7th day o f
June, 1897, at 2:30 o ’c lo c k in th e a fte rn o o n o f th a t
day
Said bonds ca n n o t b e legally sold f o r less than p
and accru ed interest.
D ated M av 17th, 1897.
B R O C K H O L S T L . C A R R O L L , P resid nt.
W A T K I N W . JO N E S,
]
T H O M A S L E IT C H ,
j.T rustee
S. B. A L T H A U S E , JR ..
J
H . G. H E Y S O N . V illa e e ClePb.
# 1
1 , 0 0 0
Village of College Point, N.Y.
42 W A T E R
BO N D S.
T h e B oa rd o f T rustees o f th e V illa g e o f C ollege
P oint, N. Y.. h e re b y in v ite bid s f o r th e w h o le o any
part o f e le v e n $1,000 tw e n ty -y e a r fo u r per c e n t
w ater bonds o f said village as a u th orized b y C hapter
883 o f th e law s o f the State o f N ew Y o rk o f 1893.
Bids are in vited and w ill b e re c e iv e d by th e trustees
o f the village a t th eir ro o m s in P oppen h au sen I n s ti
tu te , College P oin t, N. Y ., up to 3 o ’ c lo c k P. M. Ju n
7th, 1897, w hen and w h ere all bids w ill be opened .
A ll proposals m ust b e a ccom p an ied b y a certified
ch e ck draw n to th e ord er o f F. It. C l 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
th e balan ce to bo paid b y th e su cce ssfu l b id d e r on or
b e fo r e 12 o 'c lo c k Ju n e 30th. 1897, at th e N inth
N ational Bank, 407 Broadw ay, New Y ork , w hen and
w here th e bon d s w ill be d elivered . T h e board r e
serves th e rig h t t o r e je c t an y o r ail bids.
THE
1060
fvou L.xrv,
C H R O N IC L E
INDEX TO STATE AND CITY DEfAflTM ENT.
, „ i4
i o# in,tMLreferenceI* » » d e f t * t h t page nt*mft«r to every Item regardin g S tate,eity, tow n or oom ity finances which has been
•b V U w U » ' k> t'litu.sil’ t t *tnce the laHUUHSOdt tfcelaat S t Atk and C it y S o it l e m k n t , A p ril 10, 1897. Item t in the cu rren t num ber a re n ot
V"7.
**,ili-l*e*tn>e* refer to law s*rep orts o t total debt, assessed vahuttion, <te. This index w ill be published In the St a t e a k »
Ij-rf till- vb :<4i ' T o f the C hmosioub on the last Saturday ot each m outh
Brookhirrea. M il*...... .
707 ! C oryell Cou nty. T e x a s ,.. 1011 ; F a y e tt e v ille . n . y . . . . . ..
Cranston, K. I ...............
012 | Flagstair, a . t .......... .
N,
*«7,, wi~,
^66 j Florence, A In ,.,,,... 768,
H50, 606, 1010 j {'raw fortlsv illc, I n d ........
.......
723 Florence, Col............... .
OrowiMVillo. Tuna... . WO C restou, la .
e. O h io ..........
HP! i Fort Deposit, A la........
mm •*•*»«**.«»**** 9 2 1 BttfWo. N. V. ....... %8 I, 012 CrookrvlU
Cum berland, M d.
860, 1011 i Fort Scott, Kan .......... .
flttrOtMTioo ladOpehdont
t ___ .......
C u rw onsrille, P a ..............
W 0 j Freeland. Pa.................
SellOOl
District,
la.
...
8
3
0
1010
■<*
Cit va h fg u Falls, 0
.
036 ; Freeport, N. V .............
Taitd Wart!
AjMst
Fremont, Ohio...... .768,
>4 piknot* F a .,.. KUO fSalhonn Co., Ala.. .... 9 6 6 TA anbury, C on n . . . . . . . 1 0 1 1 Fulton,
N. Y.................
wo v t.Utiwiif Co.. Mo. .767,
AmM
l/i iy t 'U i . W a s h . . . . . . . . .
768 ;
Cami»ridst\
Maas....721,
812
721
Am o
012 O a f f n e y . S. C . . . . . . . .......
612 Cameron, Alt*... . ... ...... 721 Peering- Me ..........
Arc* 1# |V- Mich .......
086 vTallup, N. M ex..........
014 D e la w a re ....................
767 *'.-uuer>>n. W, Va,... ....
rs«a* City. Ivan.....
elubos, O hio. . . ...t0 0 , 1011 Galveston. T e x .....
pj tn.-jmr&.X.V. 7 i Cath*May. A. J . M 2,839. 08 5 D
JU/r*i
813 Galveston Co., T ex .. 722,
1010 Carnon Co., Moat.. .... .. 76? D ennis, M ass................
AMm la, tiSkjj&si*
768,
860
HIS De Ruyter, N. Y ......... .
__ . 912 Carroll Co., Ga....... .
A%hm1** h
P es M oines, l a . . . . . .........
012 ! Gardiner, Me.................
Carroll
Co.,
l
a
.
721
L8&I
Ue
Uav.
is.
J
7
«
7.
Altm
!
Georgetown.
Ky.
Des
M
oines
in
d
e
p
e
n
d
»
arrollioa,
0
a
.
.....
....
£»59
#ta. 0 a.
*•»*»
Glens Falls Union Free
ent S ch ool D istrict,
CatskilL N, V, .... .812. 012
. .......
Sell. Disc, N. Y.......
Wt*ht Side, l a ................
721
Co litre ilall. Pa
812
I Glenville, Ohio.
96ft Chagrin Falls, O ..,.767, 066 I D e tr o it, M ic h ...722, 76S,
813,
800 Gienvilie Tillage School
H12
assfiwetfss. 8. i*»•*••-** *. 908 Cbataber*burg, Pa........
District, Ohio
........
768
. lu ll D o u gh erty Co., G&,.........
Baiisso?.,» » ■• ....... . 10 to Charlottesville, Va
i Gloucester. Mass....768,
10 I o Cbawa. Mass 85^,900, 10 I 1 D ouglass Co. I n d e p e n d
BdkSil# Cr-t&A, MKb
813,
en
t
Sch
ool
D
istrict
Chum*
Co.,
N
eb.,-........
966
bit
pytlwjr, t*a
................
N o. 2. M inn.....................
813 i Gloversville, N. Y..........
Chester. 8 .0 ........
966
iSyCUf, Mich
......•. 000 <bicago, H I......... . -• Sl*A D ubuque. l a . ................... 9 1 7 j Grand Forks Independ’t
m rp x .M n x i
Scb. Disc. N. D
....
860
B&t
heel*. Miw ..... . i*lf r h i c o p e e , M a s s . . . i o n D undee. N. Y.................
Grand J unction, Col.788,
Bedford C- uniy. Va ..... . mu Chippewa Co., Mich..... 9 0 6 D u n d ee U nion S ch o o l
913,
D istrict, W Y ................
012
Chotean Co., Moat.......
W9
Belbere. W . V a -.
860 Grand Rapids. Mich. ..
BvimtmU Miv**.”2l. 767, l 0 ! 0 Christian Co., Ky. ..812, 1011 j D o ta l Co., F l a ..........
Grapeland Irrigat’n Dis
721
fUwttaiagtou, Vt ............. 10 10 Cincinnati, o ....... ..
Cincinnati Sch. Dlst,, 0 .
767 East C leveland. O. ,768, 1011 ! triefc, G a l....................
&mmm, St!or. ...... *767,
ast Orange, N. J .-----968 Green Bay, Wls— ......
Claremont, N. H ..... . 8i0
m
722 Greensbu g, Pa..............
Horilu Fallf. Jf.lL,....... - RMJ Clarkflctd, Minn ....767, SCO K bstport. M e. . . .............
Greeuport, n . Y.............
97 1 ; Cast P r o v id e n ce F ir e
iUxhWtnmh t*a
. . -812, li»U» clay o „ m e t...........
D istrict. K . i
.......
768 Green Spring. O ....... —
-------721
012 Cleburne, Tex
708 Greenwood, S. 0 .......
smo t lermont Co., 0 ------ 86u, Pen Edgec< an b e Co,. #NT. 0 . . . .
llttigimm C".. Ida
....
u u Cleveland, O ... .721, 767, 812 E gg H arbor City, N. J . . . 1011
®lsugb»mien, S. \
S13 TTackensack, N. J ......
721, M3 E lizabeth. P a . . . . . . . .........
mt\ . Clinton. Mass ..
Black ifa w £p ol . . . . . . .
70# CoatesTllle, Pa..70S, M3, P66 : E lkhart, lu d ... ................ 10U O-ainflton. .Mass........
m m m m A. n . j — m ,
1Colbert Co., Ala.. ...813, 1011 E llsw orth, M e .... ........... t o i l Hamtlton. 0 h»o...... ....
B oite. M ai m l . . . . . . . . . 10 IIJ ■
Hardin County. 0 ..........
>
Elm
ira,
N.
v
....................
813
JM6 College Point, N Y. .012,
Bo#o*iW>&. N. H . • .
960, 1011 ! E lsinor. Cal............... .
7 2 2 Hardy Two., O h io.......
Maas— 7*JW»6<* 1010
mu GolOran. Mich
...........
813 E s s e x Co., N .J ....... . .912, 91 .7 Harrison Co., O . . . . . . .
JBkmider, Cot, ..............
Hartford Arsenal School
70? ! Colorado Springs, Co!.,
HraMMofclt, L a ... . . . . . . . .
District, Conn......913,
860, 1011 lA airh aven , M a s s ...768, 813
8l3f
BrwSter
722 Hartford, C o n n ,...S I3,
066 t* all River, Mass... . . . . . .
068 Columbus, Oa
Conn
721 I Far Roekaway. N. Y.912, 1011
M2 Conesoro, is’ . C . . . ------...
Bristol Co.. M «o.
Hatfield,
Mass..
Ortma Sch. Hist. No. 2,
! F a yettc C o., K v ... — . . . 2911
Brot&ion, Maas
70S Haverlock, Neb.,
N. Y.......................768, 813 I F a yetteville, N. C . . . . . . .
s$b, 012
.»•«*•*
AS CtowtitfUU&m.
k..
I N V E S T M E N T S .
City of
Mttas., K eg ....................3H
CUT ot Cleveland, Ohio, Coup, or R eg...4a
City of BlngUnmpton.N. Y.,Coup. or It eg. 4 a
City ©f New Bedford, M ass,, Reg. ............4s
In vestm en t B onds
t|idulr**ex C ounty, Man*«« C oup. .......... ,.4 »
A foil description o f either of these issues, with
pnoee, will be mailed on application.
E. H . R O L LIN S
&
SO N S,
1 9 M IL K . S T R E E T .
.
.
.
.
M A SS
ADAM S & CO M PANY,
BANKERS1
Y o r k
S a v in g s
B a n k s
40 W a ter S tre et, B oston.
K NiiHNnu S treet, New Y ork.
0 1 5 5 ,0 0 0
INVESTM ENT BONDS,
N. W . HARRIS & C O ,
11 A N K K R 8 ,
8 4 A r 8 T * ( Hn tilt o f C o m m e r c e B l ( l g . ) t
3 1 IS
Government
and
M unicipal B onds
OFFER
Fir«i Morigngr JJanlelpat 8 f
L I H 'l Pin' ’ 1rt rk r t -lI mine Banda o f
I H l D t P t i l i , T E N N.
U»T OF
Ci*T
*MW
County Bonds J m t Published.
W. N. Coler & Co.
.'S A W K E B I ,
M U N IC IP A L BON jIS
34
NASSAU STREET,
768
iSil
788
1012
1M2
013
85
91S
1012
I
913
967
768
860
813
913
014
K
967 KernUCourity, Lakevlew
SehOBl District, Cal.,..
013 Kera County, Kook pile
860
School District, Cal.. ,. 1012
860 Key west. Fla,.......
m3
1
3
0
0
, 0
0
0
r a il w a y
co.
First Mortgage o% Gold Bonds
The bonds are a first mortgage on 02 miles of Elec
tric Street Railway lines in the City of Detroit.
Special circular on application.
A Map o f the road was published on page 32 of the
STREET R a il w a y Supplement for February, 1897*
P R IC E 9 8 14 A N D IN T E R E S T ,
R . L. D A Y & C O .,
Territory of New Mexico 5 s,
BOSTON.
i1012
k
T r u s t e e s .
Issued under and controlled by act of the United
States Congress. Population. 2110,600. Assessed
value, fti.i 10.8(2. Debt less than 3 per c#m. We
regard equally strong as bonds of the Government.
No, 7 Congress! and 31 State Streets,
1011
o ff
(U nderlying M ortgage),
D
ated
Nov.
1, 1S05.
Due Dec. 1, 1 9 2 4 L IST S S E N T UPON A P P L IC A T IO N
In te re st payable Ju n e and Decem ber,
Principal and Interest payable in New York.
MEMBERS OF BOSTON AND NEW YORK
STOCK EXCHANGES.
Net E arnings 189«
...........8 1 3 6 ,5 8 9
In te re st C h arg es........
_____ 90.00 0
a n d
DEALERS IN
Members o f .Boston Stock Exchange.
..............jU .' fi
SWU ! Hiram, o ........................
gl* 1-Mland, .. ............. 860,1
813 I Hollister. Cal..., .... ..
X011 | Holyoke, Mass. ............
722 | Homestead, Pa,.. ,.067,
Hopkinsville, Ky... ....
813 Houston. T ex .. . . . . . ___
'22 ■Hudson. Mbsa ...
....
9<it» Hudson. N. Y................
Hudson County, N. J ...
! Huntingdon, Term,.......
912 Huntington, C1 nn...967,
0i2 Huntington Sob. Dlst.,
W .T a ,............. ....800,
860 Huntsville, A la ..........
722 Huntsville. Tenn..........
j Huntsville, Tex....... .
912 I Hyde Park, Mass..........
Hyde Park. Ohio. .........
013
013
...................
natima
ndiana Co., P a.....860,
813 Indiana pulls. Ind .. 722.
1011 | T ackson, Tenn. . . . . . . . .
913
** acksonville, Fla.......
Jamaica, N. Y ..722, 768,
866 Jameatown, N. Y . ... 768,
1011
811,
1011 Jasper Co., Ind.,.
722 , Jefferson Co., Ky.
813 Jefferson County. Tex...
813 |Jelltco, Tens........ . 72A
Jersey City, N. J......768,
722 i
© .
913 |.rr#hnstown, N. Y..
913 Joplin, Mo ..... ...
3011 |
9L<
arnes Co.. T ex ..
768
eenton,. Ohio..............
m
Det r o it
FO R
N e w
l'.U ; Utoo. ro*
INVESTMENTS,
I N V E S T M E N T S .
B OSTOK,
1011 |Helena, M ont.,.,... 722,
HH6
I>UK 10--40 AND ‘3 0-U0 YEARS.
C .
H .
W H I T E
&
C O .,
BAN KERS,
National Bank of Commerce Bldg.
3 1 Nassau. S treet, N ew Y o r k ,
Price and particulars upon application.
M A SO N ,
LEW IS
&
C O .,
BANKERS,
BOSTON! W orthington Bldg., 31 S ta te St*
____________ CHICAGO! 171 L a S alle St.
NEW
$
1
2
0
LO AN
,
0
0
H olders o f above Bonds a re Invited to
correspond w ith ns regard in g the above
securities.
O
W . J. H A Y E S
CITY OF
Q UINC Y , M A SS,, 4 s .
&
7
&
SO N S,
Exchange Place,
BOSTON,
MASS.
313 Superior Street,
I’R IC E ON A PPLICA TIO N .
Farson, Leach
SUPERIOR, WISCONSIN,
IMPROVEMENT BONDS.
Co.,
CHICAGO,
NEW Y O RK,
115 D earborn St,
‘A W all S t
8 a fe I nvestm ents .
SEN D F O R L IS T
City and C ounty Bonds.
D I E T Z , D E N IS O N & P R I O R ,
*15 OJNORKSM STR EET, - BOSTON.
109 S np rrlo r «treut, C leveland O.
CLEVELAND, OHIO.
G O V E R N M E N T ,
M U N IC IP A L ,
S T E E T
R ’W A Y
BONDS.
Edward C. Jones Co.,
421 CHBJSTNOT STREET,
PHILADELPHIA.
1 NASSAU STREET
NltW YORK.
THE
M a t 29, 18 97.]
IN D E X
a B elle Tw p.. M o . . . . . 1012
860
ake Butler. F la ...........
860
Lancaster, P a ...................
722
L aurel, Md .......................
967
Laurens, 8. C .....................
860
Lead, S. D — .................
722
L eb an on , N. H .................
769
Lebanon, O .......... ...........
722
L eb ig h ton . Pa...................
967
L eicester, M ass.........722,
913
Len aw ee Co., M ic h .........
913
Le R oy, N. Y ...................
Lillian Irrig. Dist.. W a l
w orth, N e b ...................
L in coln , M a s s ................. 8 1 4
814
L in coln Park. I I I . ..........
Linda Vista Irrigat. D is
913
trict, C a l.........................
L isb on , 0 ...................769.
M3
709
Logan. O ..............................
8-10
Long Is'an d City, X . Y . .
L orain, O ............................ 8 1 7
L o s A n g eles. C a l.. 814.
L
TO
STATE
913.
913
M
O
AND
C IT Y
R ich m on d H ill, N. Y,724,
862,
R idgew ay & Shelby Un.
Free S. D. No. 12, N. Y.,
770,
R ock p ort, M e ...................
R o c k y R iv e r Special Sch.
D ist., O h io........
862,
R o m e o , M ic h .....................
R o s c o e U n. Sch. D ist., O.
P
T
K
IN V E ST M E N T S.
WHANN & SCHLESINGER
M U N IC IPA L
B O N D S.
Rudolph Kleybolte & Oo,,
HIGH
G R A D E
S ta te , M u n ic ip a l, C o u n ty , S c h o o l
B
O
N
D
S
.
Legal In vestm en ts fo r Savings Banks in New York
and A ll N ew England.
B A N K E R S ,
W ALL.
M
STREET,
il l s
&
NEW
X . \V. C o r . 3 4 tC W a l n u t S t s . ,
C in c in n a t i, O h io .
YORK.
B l a n c h a r d ,
41 an d 4 3 W a ll S i. and
4 7 E x ch a n g e P la c e , N . Y . C ity .
L IS T S M A IL E D
U PO N A P P L IC A T IO N .
M ORTGAGE LOANS
M U N IC IP A L B O N D S
TEXAS.
B A N K E R S.
IN
B O U G H T A.VI) SO LD .
D e v o n s h ir e
16
S ta le
S tre e t,
I n t e r e s t 7 P e r C e n t N e t.
B u ild in g ,
B oston ,
NO
COM M ISSIONS ch arged borrow er o r lendei
until loans have p roven good .
M as*.
F R A N C IS
M U N ICIPAL
E. C .
B O N D S.
STANWOOD
&
Co.
BAN KERS,
12)
SAN
D evonshire
S M IT H
&
C O .,
AN TONTO. T E X A S .
C. H. Van Buren & Co..
BA N K E RS AND B R O K E R S,
Street,
62
B R O A D W A Y , N E W
Y O R K
L IS T S SE N T U PO N A P P L IC A T IO N .
STOCKS. BO N DS A N D H IG H -G R A D E
IN V E S T M E N T SE C U R ITIE S.
Circular L e tte r, including list o f selected Bonds.
M ailed Free.
W. J . Hayes & Sons,
Edward I. Rosenfeld,
B O S T O N .
M U N IC IP A L
B A N K E R S,
H ig h -G r a d e
DEALERS IN MUNICIPAL BONDS,
Street Railway Bonda, and oth e r high -grade In
vestm ents.
BOSTON, M ASS.,
C le v e la n d , O h io ,
7 E x ch an ge Place.
3 1 1 - 3 1 3 S u p e r i o r S t.
Cable Address. “ K E N N E T H ”
Blodget, Merritt & Co..
STATE
S treet,
S p e c ia lty
No. 66 Broadway, New York.
WM.
83 &
F R A N K L IN
HALL,
A cco u n ta n t
estBreit<!lng’
BOSTON, M A SS.
Books audited. Examinations and investigation*
conducted with the utmost care and efficiency.
B A N K E R S
16 C o n g r e s s
S E C U R IT IE S .
W a rra n ts a
W rite fo r List.
Boston.
C T TY & R A I L R O A D
BONDS.
915
T ro p ico Sch. D ist., C a l..
T y ro n e , P a ........................
915
915
niou, S. C ....... ...........
771
n ion Co., N .J ..............
916
U tica, N . Y ................. 771, S i 7
915
1<>14
969
C a g in a w , M ich ................ 7 2 4
O a g in a w U nion S ch ool
D istrict. M ic h ................ 1014
St. Joseph. M o.. .816, 862,
969
Salinas Cal .......................
724
Salt Lake City. U ta h ___1 0 > 6
Sand B each. M i c h ..........
862
Santa Barbara. C a l...
862
Sayre. P a ................... 862,
964
S cotlan d County, M o ___ 1014
, S cranton. P a .......
816
Seattle. W ash . . . 724, 770,
862
S evier Co., U ta h .......7 0.
969
Sharon, Mass ..
725
Sharon Springs, N.Y.915, i o n
Sherm an, T e x .................
969
Silver Creek. N. Y ...........
969
915
i Som erville, M ass___724,
S om erville, T e n n ............
969
i S ou th
H a d le y
Falls,
M ass..................................
862
S outhington. C o n n ..816,
969
South P ark 111..................
862
S o u th p o rt S ch o o l Dis
tr ic t No. 4, N, Y . .. 916, 1014
Spartanburg S ch ool D is
trict, S. C ........................
862
Spokane, W ash .. ..770, 1014
Springfield, 0 .....................
725
S pringville. N. Y..............
862
Staun ton , V a .....................
817
Stockton , N .J ...................
969
S um m erville, G a ............
724
Syracuse. N. Y..770, 916.
9 6 9 . 1014
alestine, T e x ................
769
alo A lto . C a l................
»15
Pasadena. C a l................... 9 7 1
P assaic. N. J ......................
769
P a tch ogu e. N. Y .............. 1013
P a u ld in g Co., O h io .........
76'4
968 Paw tucket. R. 1................
968
814 P ea body. M ass ................
861
1013 Pelham Man-a*. N. Y.769,
915
Pen sauken, N. J .......
815
10»3 P h iladelphia, P a.......723.
9 <4
7 6 9 ,9 1 1 .
965
968 Phoenix. A. T ............815, 1014
P ick en s Co.. A la ___815.
915
1013 P ierm on t, N. Y ................
968
1013 P ittsbu rg. P a .......... 861,
915
861 Pittsburg C o lfa x Sub723
Sch ool D istrict, P a —
723
Pittsfield, M ass.»61, 915,
968
P itts fo rd , N. Y .................
915
968 Plainfield, C on n ................
969
1013 Pleasant R idge, 0 ............
769
Polk Co.. I a ................815,
861
968 P ortlan d, M e ...724, 816, 1014
861 ; P ortland. O re ............ —
915
P o rt R ich m on d. U nion
814
Free School Dist., N .Y. 1014
P ortsm ou th , O h io .. .862. 10]4
1013 P ortsm ou th . Y a ....... 769,
9^9
1010 P ou ghkeepsie, N. Y .......
969
P roviden ce, R. I ........
909
1013 P u n xsu taw n ey, Pa. .915. l o l l
815 P u t-in -B a y , O h io............
8«2
915 Putnam , F la .....................
909
968
arrytow n U nion F ree
9^8 O u e e n s b u r y Un. Free
Sch. D is. No. 1. N. y .
1013 vat Sch. Dis. No. 1, N. Y .
969 T aunton. M ass.................
968 Q ueens. N. Y ....................
1014 T a ylor, P a ........................
815 Q uincy, M ass............. 816,
969 | T ecu m seh , O. T ................
8«1
T e n n e s s e e ..........................
769
769 T h om a ston . G a ..............
acine, W is ...................
arasey Co., M in n .724,
816 T im m on sville, 8. C .........
815 R aven n a 8ch. Dis., N eb.
970.
915 T iverton . R. 1.......
1013 R eadin g, P a ........ — 7*4,
76w T om pk in sville, N. Y . ..
U 13 R ed Lake Co.. M in n .......
769 T on aw an da U nion Free
914
Sch. Dist. N o. 3, N. Y .
R em ington, L n d ..............
969
915 R ich m on d Co., N. Y..770,
909 T rinidad. C o l.....................
IN V E ST M E N T S
2
1 0 6 1
D E P A R T M E N T -C O N C L U D E D .
915
Omaha, N e b ......... ...........
O neon ta U nion
Free
School D istrict N o 5,
N . Y ..................... .£ ,6 1 . 9 K S
915
Orange, N .J ......... ...........
Orange, T e x ........
O tero Co., Col —
O ttum wa, I o w a ...
O ttum w a Indepen dent
Sch. Dist.. l a ..................
861
O w yhee C
Id a h o .........
861
O yster Bay, N. Y . .. .7 2 3 ,1 0 1 3
M ilford , D e l....................... 1013
M ilw aukee, W is .861.914,
9 6 7 . 1013
M in n eapolis,M in n .. 814,
9 6 8 . 1013
M ississippi..........................
968
M od esto, C a l.....................
968
M onett, M o........................
914
M on ongah ela, P a ............
814
M on tan a........................769, 861
M on tclair, N. J . . ............ 1 0 1
M onticello, F l a ................
723
M orris Co.. N. J ................
968
M orristow n, M in n ............
914
M oultrie, G a ........ ............
914
M ou n t M orris. N. Y.914, 1013
M nnising, M ich .'2 3 , 814,
968. 1013
V 'a p o l e o n , O h io ............
^ augatuek. C o n n .......
N avajo Co., A . T . .. 769.
N evada Co. Sch ool D is
1012
trict, C a l.....................814,
913 N ewark. N. .T............ 861,
L ou isville. K y .................
L ov ela n d , o .........—
N ew ark O h io ............
L ow ell, M ass............ *60
N ew B arbadoes T o w n
ship Sch. D istrict, N. J.
914
L u m b erton , X . C............
914 New B e d fo rd , M a s s .709.
L yn ch bu rg, Y a — 7*23
167 N ew B righton. P a . . .814,
Lynn. Mass — ..............
N ew Brunswick, N. J . . . .
9L1
abel. M in n ................. 1012 N ew J e rs e y .............
aeon, G a ...............814,
914 N ew L on d on . O ....
723
723 New M e x ico ............ .914,
M adisonville, O................
814 N ew Orleans, L a — 914,
M alden, Mass . .. . 723.
814 N ew ton, M ass.......... 723,
Ntamaroneck. N. Y ...
861,914,
M anchester, V a — 967, 1012
.7 23.
M ansfield. O ..............
769 N ew tow n, N .Y
M arietta, O ................ 814.
914 N ew tow n U n ion School
967
Dist. N o. i. N. Y . . .723,
M arinette. W is.................
M arion S ch ool Dist., Ill 1 012 N ew tow n Un. F re e Sch.
Dist. N o. 2. N. Y.. .861,
M arshalltow n Indepen d.
3ch. D ist.. Ia .......... 801. 1012 N ew Y o r k ................... 814,
M artin. T en n
861,967, 1012 N ew Y ork. N. Y . 721,814.
* 5 9 .9 1 1 .9 6 8 ,
M arysville. C a l. .............. 97 1
M assach u setts...........
. 1012 Niagara F a lls. N. Y— .
801 Niles Sch. D i s t .,O ...861,
M aury Co.. Tenn___ 769.
M avville. N .Y ................... 1012 N o rfo lk Co., Va .. ..915,
N orristow n, P a ..............
M edford . M ass.......... 769.
967 N ortham pton . M oss..
914.
907 N orth C arolina — 965.
M elrose. M ass...................
914 N orth D akota
M ercer Co.. N. D ..............
..............
M eridian. M iss.................. SOI N orthfield. N. Y ................
M ichigan City, In d .......... 1013 N orth H em p stea d, N. Y .
M iddlesex Co., M ass....... 1012
akland. M d ............723,
M iddletow n, C o n n ...709,
N i l , 861,
eean City, N. J ............
914
M idland Co., M ich .........
723 O gden, U ta h ............ 915.
723 O hio......................................
M idland Park. N. J .........
M ilan. T e n n .......................
907 O k o b o jo T w p., S. D.........
C H R O N IC L E .
A ctive and Local Securities b ou g h t and sold t o ad
van tag e. A tla n tic M utual Scrip. Circulars.
J . P . W in t r i n g l i a m , 3 6 P i n e S t., N , Y
725
970
863
770
770
817
8 7
1015
863
863
771
970
916
U
^ ic k s t m r g , M ich..
817
\ F allin gfo rd
Central
Sch. Dist.. Conn
W altham , M ass.803, 916,
W arren Co., O h io. .........
W asco Co. Sch. D ist. N o.
12, O re.
....8 0 3 ,
W ash in gton County, Ga.
W ashington. P a . . . 9 1 6 .
W a te rfo rd . N. Y . ..
W a te r fo r d U nion Free
Sch. D ist, N o. 1, N. Y..
916,
W ate rlo o , I o w a ................
W a te rlo o , N Y ................. W a terville, Me . . . 771.
W aterville, M in n .............
W ausau , W is ....................
W au seon , O h io .........9i6,
W avn eO o., Ill .........
W est A le xa n d ria , O hio.
W est Chester. P a —
W estch ester Co.. N. V ...
W e st D es M oines School
D istrict, I a .............. . . .
W estfield, Donn ..............
W estm orelan d Co., P a , .
W e s t Springfield, M ass..
W h eelin g. VV. Va.............
W h ite Plains S ch ool D is
trict. N. Y ........................
W h iteston e, N. Y ............
W h ite Sulphur Springs.
M o n t.......................... 771,
W ild w o o d . N .J ................
W ilkes Barre. P a ............
W ilm in gton . D el .. 971.
W in n e b a go C ity School
D istrict, M in n .......
W o o d Co.. O hio ....7 7 1 .
W o o n so ck e t, R. 1— 771,
W o rce ste r. M ass..............
W y a n d o t Co.. O h io ___
eadon , P a.............. 771,
onkers, N. Y ................
Y ork City Sch ool D is
trict, P a ............................
Y ork Co., M e .....................
Y ork, P a .............................
Y ou n gstow n , O ......... 725.
Y
725
1015
863
1015
1015
970
863
970
1015
S '7
863
1015
97 1
970
803
4?o
1015
1015
725
771
970
803
8L7
1015
1015
817
970
916
1(15
725
817
803
1015
471
817
1015
1016
917
HIT
971
M ISC E LLA N E O U S.
I86 0.
1897.
The United States Life
Insurance Co.
IN T H E C I T Y O F N E W Y O R K .
A H p o lic ie s n o w is su e d b y th is C o m p a n y
c o n ta in th e fo llo w in g c la u s e s :
“ A ft e r on e y e a r fro m th e d a te o l is su e ,
th e l i a b il i t y o f th e C o m p a n y u n d e r th is
p o lic y s h a ll n o t b e d i s p u t e d /’
“ T h is
p o lic y
c o n ta in s n o r e s t r ic t io n
w h a tev er
u p o n th e in s u r e d , in r e s p e c t
e it h e r o f t r a v e l , r e s id e n c e o r o c c u p a t io n .”
A ll D e a th C la im s p a id W I T H O U T D I S
C O U N T a s soon a s s a tis fa c to r y p ro o fs h a v e
b e e n r e c e iv e d .
A ctiv e a n d Successful A g e n ts , w ish in g to
rep resen t this C o m p a n y, m a y co m m u n i
cate w ith the P resid ent , at the H o m e
Office, 2 6 1 B ro a d w a y , N ew York.
o f f ic e r s :
G E O R G E H . B U R F O R D ....................P r e s i d e n t
C. P . F R A L E I G H .............................................. Secretary
A. W H E E L W R I G H T ...................A ssistant Secretary
W IL L IA M T . S T A N D K N ................................... A ctu ary
A R T H U R C. P E R R Y ........................................... Cashier
JO H N P. M U N N ...................................M edical D irector
FINANCE COMMITTEE:
GEO . G. W IL L I A M S ..............P res. Cbem . Nat. Bank
JO H N J. T U C K E R ............................
Builder
E. H . P E R K IN S , JR., Pres. Im p. & T rad ers’ N at.B k
JA M E S R. P L U M ...................................................Leather
T h e M utual Benefit
L I F E I N S U R A N C E C O ., N E W A R K , N .J
A M Z I D O D D , P resident.
Assets (M arket V alues) Jan. 1,1897............$60,742,985
L iabilities (N. J .,N .Y . and Mass. Standard). 50,434,308
8urplus................. .................................................. 4,308,676
POLICIES AB80LUTEL • NON FORFEITABLE APTEB
8ECOND YEAR.
IN CASE OF LAPSE th e P o licy is c o n t in u e d in
f o r c e as long as its valu e will pay f o r ; or if pre
ferred a Cash or P a id-u p P olicy V alue is allow ed.
A fte r the secon d year P olicies are In c o n t e s t a b l e •
and all restrictions as to residence, travel or occupn
tion are removed.
T h e Com pany agrees in th e P olicy to L oa n up to
the Cash Surrender V a lu e w hen a sa tisfa ctory assign
m ent o f the P olicy is m ade as collateral security.
L o s s e s paid im m ediately upon c o m p le t e '' and
proval o f proofs.
C h r o n ic le
V o lu m e s .
A seoond-hand set from I860 t o 1895—56 V o lu m e s,
r sale
W IL L IA M B. DANA COMPANY,
7 0 ^ P in e S tr e e t, N e w Y o r k .
THE
1062
CVol. LX1V,
C H R O N IC L E .
£ v u st C om panies.
1'rust Company United States Trust Co.
Union
o r .YEW V O R Ii.
§#
Now
N ot. 4 6 A 4 7
$ 1 ,0 0 0 ,0 0 0
$5
1 3 ,0 0 0
$ t m r t , tm $
AWZMOUWXX* TO ACT AM-
Eiectftor, Administrator, Guardian,
Receiver or Trustee,
* s » is
A ISCAt Di'i'imTOST Roll MORST.
Af T ; , f ria > T K K OF MOliTli.Mli > OF
COBi’OKATWNS *n<! »refills !hi> transfer intend
«o.l trgw ty at slue**.
AlAON\ ' JSTK11EST OX DEPOSIT.'. which may
m any lltnc. and triHidrawn no Bvc days'
eeUce. with interest for the wholo time they remain
with thm company.
fm the comteslenofi of depositors this company
,'I'RltKNT ACCOUNTS, subject, in »etvt&atcr with It* ruire. ,<> check at sight, anil allows
lut, rest open the rttsulOn* dally balances. Such
rtut-i, pa*, through the Clearing House.
Attends specially to the
MANAGEMENTOF REAL ESTATE
*»<S to the collect h*n and remittance of rents.
It makes ample provision in its
H V lU ilA R -IS D FIRE PROOF VAULTS
tor the *afe.keepmg of securities placed in ita custody, on which it collects anti remits Income.
KiiWABD KINO. President.
CORNBI.Urs D. WOOD,
i
> Vice-Presidents.
u am as n. cm11, v ie ,
IAUGCSTC8
W.
1AU
« U
IS1 LCA
T. KELLEY.
**■, \
J- V.
THAYER, Secretary,
a R. MERRITT. Assistant Secretary.
C. C. RAWLINGS, Trust Officer.
a
New York Security &
Trust Company,
48
W IL L
STREET,
NEW
YORK*
C a p ita l, 8 1 ,0 0 0 .0 0 8 ! gnrpltm , 81»‘2 5 0 ,0 0 0
CHARLES S. FAIRCHILD, President.
WILL. STRONG. 1st Vlce-Pres.
ABRAM M. HTATT, 2d Vice-Pres.
OSBORN W. BRIGHT, Secretary.
ZELAH Y a k LOAN. Asst. Secretary.
Authorized to act as executor, trustee, administra
tor. jrojundUsBuagent and receiver,
^ .
Receives deposits subject to sight drafts, allowing
interest- A ieg&l depository for courtaud trust funds.
A designated depository for the reserve of State
bank*. Accounts of banks and bankers solicited.
TRUSTEES
M. C. D. Borden, James A. Bialr,
a 8. F airchild.
W . 11. A ppleton, B. Aymar Sands, J.G. McCullough,
H. Hoagland,
W bj. L. Strong, James J. Hill,
J. W. Sterling,
K. N, Gibbs,
W . F. Backiey,
H. Walter Webb.
F. R. Coudert.
g .G. N elson,
.lamer Stillman. John A. McCall
steward Uhl,
M anh attan T ru st Co.,
WALL STREET, corner NASSAU STREET.
C A P IT A !..............................
S I ,0 0 0 ,0 0 0
Author! ;yd to act m Exeeu&pf. Administrator,
G uardian, R eceiver, o r Trustee, and Ih
A Legal Depository for Money.
Trustee of Mortgagee of Corporations, and Transfer
Agent and ft^istrar of Stocks and Bonds.
late rent Allowed on Deposits,
m» P * to check threwmli New York Clearing-house.
JOHN I. WATER BURY. President,
f t
I Vice-Presidents.
Chsw*. E Smith, B**e»y* W. Pierson Hamilton, Treat.
T%m. L. Greene, a udUor,
D! reefoi% 1807.
John Kean,
August RctinonL
If,
Cannon,
John Howard Latham,
John Q, Moore,
A- J, (tomtit,
It, J. 'CpMu
15* D, Randolph,
Rudolph Eltig,
Jum.es 0. sheIdon,
Ab w f. Freucli,
Samuel Thomas,
Edward Tuck,
John N. A* Onwoldl,
M, U fiistttnvmi,
John L Waterbary*
B. T, Wl 1*011
W, I’. Hamilton,
Rhode Island Hospital
Trust Company,
PR O V ID E N C E , It. I.
* "pliel
. t l . 0 0 0 , 0 0 0 I W u r p i im ....8 7 5 0 , 0 0 ®
DIRECTORS,
Christopher Lippitt Horatio N, Camphe* s
Royal €* Taft,
Robert Knight,
ltc*bt» IL I. Goddard. John W. Danielson
Gm, W. % MatUwon Herbert J. Well*.
Wirtl*® D Ely.
John C, Peirrara,
U-tifmrt- L Gafnaietl.
Lyman B. Got?,
Wintarn Binuoy,
Eugene W. Mason
WinJam tl. Weed#® Gmx Gordon King
Hyland Hazard,
Rowland G. Hazard.
lidward II. Pearc#.,
Lttclgn Sharpe
HERBERT J. WFLL& 8AMT, R. DORRA NCR
Vice-Presidazi
EDWARD % CLAKK*
WM, A. GAMWELL,
Secrviary
Assistant Secretary
—AND—
W ALL STREET,
TRU ST
C A P IT A L ANO B C R F IiB l.
York*
A M E R IC A N LO A N
$ 1 1 ,5 0 0 ,0 0 0 .
CO M PANY,
B O S T O N , M ASS.
Till* Cnmpnnr Is a legal depository lor Moneys
(Mid Into Court, and Is authorised to act»» Guardian,
Trustoc or Exeeator.
IXTER K fiT A I L O W B B ON OBFO N IT8
which tuny be made at any Mine and withdrawn
after Are duv-' notice, and will he entitled to ratere*t fur liio whole time they may remain with the
Company.
Executors, Administrutors, or Trustees of Estates,
Religious htut Benevolent Institutions, and individ
uals, will find this Company a convenient depository
for money
JOHN A. STEWART, President,
D, WILLIS JAMES, Vice-President,
JAMES S. CLARK, 2d Vice-President.
HENRY L. THORNELL, Secretary.
LOUIS G. HAMPTON, Assist. Sec’y.
TR USTEES.
Samuel Sloan,
Charles S. Smith, Geo. F. Vietor,
D. Willis James, Wm. Rockefeller,W. Wald* Astor,
John A. Stewart, Alexander E. Orr,James Stillman,
J. IL Rhoades, Win. H. Macy, Jr.John Clafin,
Anson P. Stokes,"Wm. D. Sloane, John J. Phelps,
John C. Brown, G. H. Schwab,
Daniel Lord,
Edward Cooper, Frank Lyman, John S. Kennedy,
W. B. Cutting
D. 0 . Mills.
C A P I T A !.,
.
.
.
» 1 ,0 0 0 ,0 0 0
S IJ K P I,tI.S , 5 0 0 ,0 0 0
A legal depository of moneys paid into Court and
for Administrators, Executors, Guardians and
Trustees.
INTEREST ALLOWED ON DEPOSITS,
Trustees under Mortgages, Transfer Agents and
Registrars of Stock.
BOARD OF DIRECTORS.
Chas. Francis Adams, 2d. Samuel Little,
Oakes A. Ames.
S. E. Peabody,
Edwin F. Atkins,
Francis Peabody
1aaae T. Burr.
Albert A. Pope,
Samuel Carr,
N. W. Rice,
F. Gordon Dexter
R. E. Robbins.
David P. Kimball
W. B. Thomas,
Henry D. Hyde,
S. ENDICOTT PEABODY, President,
N. W. JORDAN, Actuary.
E. A. COFFIN Treasurer
OLD C O LO N Y
C O N T IN E N T A L
T R U ST CO M PANY.
B O S T O N , M ASS.
T R U ST CO M PANY,
OF T H E
C IT Y OF
NEW Y O R K .
30 BROAD STREET,
C A P I T A L .................... ............8 5 0 0 ,0 0 0
3 5 0 ,0 0 0
S U R P L U S .................
OTTO T. BANNARD....... ........ .............President
WILLIAM ALEXANDER SMITH...1st Yice Pres't
GORDON MACDONALD.. .2d Yice-Pres’t and Sec’y
11HNRY" E. DABOLL.......... ....Assistant Secretary
Designated by the Supreme Court as a
Depositary for Court Moneys.
Interest allowed on Deposits*
Executes ail Trusts.
TRUSTEES
William Jay,
Robert W. DeForest,
Giraud Foster.
A lfre d M. H o y t,
Gordon Macdonald,
R u d o lf E . P . Flinseh,
Robert. S. Holt,
Gordon Nome,
H enry M. Taber,
A. Lanfear Norrie,
Oliver Harriman, Jr.,
William F. Cochran,
Win. Alexander Smith,
VYalter Jennings,
Robert Olyphant,
William A. Hazard,
W. Seward Webb,
Frank H. Platt.
Otto T. Bannard.
TTenor L. Park.
T
he
State
100
T
rust
Co.
BROADW AY.
C a p ita l a n d S u r p lu s ,
$ 1 ,8 0 0 ,0 0 0
Acts as TruMtee, R egistrar, Transfer and
FI kcuI Agent of Corporations, and as E x
ecutor, Administrator, Trustee, Guardian
and Committee of Estates. L egal Depoaim and Trust
Funds. Takes
torv tor Court
I
full charge o f Heal at
ersonal Estates.
Interest allowed on D eposits*
FRANCIS S. BANGS, President.
W l . TRKNHOLM, rvt„.
WM. A. NASH,
(Vice-Presidents.
MAURICE S. DECKER, Secretary.
H. XL FRANCIS, Trea*surer.
H. B. BERRY, Trust Officer.
TRUSTEES.
Willis SH'aine,
Henry H. Ccxik,
~ >ok,
George W. Quintard,
Forrest H. Parker,
Charles R. Flint,
W. L. Trenholm,
Charles Seribner,
William B. Kendall, Charles L. Tiffany,
Walter S. Johnston, George W. White,
Joseph N. Mullock.
Pereira! Knauth,
Edwin
McAlpin, Francis
FrancisS.
S.Bangs,
Bangs,
_______A.
McAlpin,
Andrew Mills,
li’rancis Lynde Stetson,
WitUam A, Nash,
______ A. McIntyre.
Thomas
Geo. Foster Peabody, Edward EL Poor,
J. I). Probst,
Anson G. McCook.
GUARDIAN
Trust & Deposit Company,
SECURITY
BALTIMORE.
General Banking and Trust Business. Becomes
Trustee under Mortgages or Deeds of Trust. Finan
cial or Transfer Agent for States, Cities or Corpora
tions, etc., etc* Pays interest on Deposits.
EDWARD STABLER, JR., President.
WM. M. BYEN Secretary and Treasurer.
DANIEL MILLER, Jg N. K. TAYLOR, Vice-P es’ta
Executive Commit! o: Win. H. Bosley (John S.
Glttings A Co.), Ch irnian, George B. Baker, Henry
C. Matthews, John I». Blake, Francis A. White, Mail
€. Fenton, Lewis a . Gnsdorfl.
Metropolitan Trust Co.,
Of the City of New York.
37 and 3 9 W a ll Street, New Y o rk .
Paid-up capital,
8 nrplu*.
Designated as a legal depositary by order of
supreme Court. Receive deposits of money on In
terest, act as fiscal or transfer agent, or trustee for
corporations, and accept and execute any legal trusts
from persons or corporations, on as favorable terms
as ©the similar companies.
Tbcma» H1Uhouse, Pres. Fred'k D. Tappen, V.-Pres,
a M, Josup, 2d V.-Pres. Beverly Chew, Secretary,
R a ym on d J . Chatry A ssistan decretory ,
C A P IT A L ,
.
.
.
$ 1 ,0 0 0 ,0 0 0
SURPLU S,
1 ,0 0 0 ,0 0 0
Transact* a General Banking Business.
ALLOWS INTEREST ON DAILY BALANCES SUBJECT
TO CHECK
TRUSTEE UNDER MORTGAGES. TRANSFER AGENT
REGISTRAR
BOARD OF DIRECTORS:
T. Jefierson Coolidge, Jr., President.
Oliver Ames,
Walter Htmneweli,
O. W. Amory,
W.Powell Mason,
33. P. Cheney,
Geo. V. L. Meyer,
T. Jeffersou Cooli dge,
Laurenee Minot*
Chas. E. Dotting,
Richard Gluey,
Geo. F. Fabyaii,
Henry rt. Rood.
Geo. P. Gardner,
Nathaniel Thayer,
Henry S. Howe,
Stephen M, Weld*
Henry C. Weston.
T. JEFFERSON Coolidge, JR., President.
C. S. Tuckerman, Vice-Pres't and Trens.
GEO. P. GARDNER, GORDON ABBOTT,
Francis R. H art , Vice-President i
E. A. Phippkn, Secretary and Ass't Treas.
JOSEPH G. Stearns. Ass't Secretary.
Maryland Trust Co.,
CORN ER SO U TH AND GERM AN S T S .
BALTIMORE.
C A P IT A L , S I ,0 0 0 .0 0 0 .
A LEGAL DEPOSITORY FOR COURT AND
TRUST FUNDS.
Acts as Financial Agent for States, Cities Towns,
Railroads and other Corporations. Transacts a gen
eral trust business. Lends money on approved seourltv. Allows interest on special deposits. Act*
as Trustee under Mortgages, Assignments and
Deeds of Trust, as Agent for the Transfer or Regis
tration of Stocks and Bonds, and for the payment of
coupons Interest and dividends.
J. WILLCOX BROWN, President.
LLOYD L. JACKSON, First Vice-President
HENRY J. BOWDOiN, Second Vice-President
J. BERNARD SCOTT, Secy. A Treae.
DIRECTORS
Win. A.Marburg, Lloyd L. Jackson, W.H. BaldwinJ r
H, A. Parr,
JoshuaLevering
Prank Brown,
Clayton C, Hall,
Alex. Brown,
H. J. Bowdoln, J. Wilcox Brown.
John B. Garrett
Leopold Strouse, B. N* Baker,
Basil B. Gordon, Freerk W, Wood, F. M. Thlerlot,
Henry Walters, Fred M. Colston, F. S. Bangs.
Doug. H.Gordo n
Andrew
D.
Jones
WL B. Brooks,.! r.
Mississippi Valley Trust
Company,
N. W. cor. 4tU &Pine Sts., St. Louis, Mo.
C a p ita l an d S u rp lu s ...................S 3 * 0 0 0 ,9 0 8
UNDER. STATE SUPERVISION.
S 2 0 0 .0 0 0 deposited with State officer to
protect trust liabilities.
A GENERAL TRUST COMPANY BUSINESS.
Allows interest on Deposits.
Authorized to act as Executor, Guardian. Receiver.
Trustee, Ac. Manages Estates. Collects Rents.
Becomes Surety on all kinds of Court Bonds.
Has Safety Deposit, Vaults; a Savings Department
INVESTMENT SECURITIES A SPECIALTY.
DIRECTORS.
Charles Clark,
James Campbell,
Chas. H. Turner, J. T, Drummond, August Gebner,
Wm. F. Nolker, S, E. Hoffman, Julius S. Walsh,
T. O’Reilly,M D., D. W. Canith,
Williams;n Bacon
Sam.M.Kenuard, W. G. Boyd.
BreekinrgcJonaa
Aug. B. Ewing, Wm* D.Orthwein. Henry Hitchcock,
Elmer B. Adams, Geo. IL Goddard, Rolla Wells.
OFFICERS.
J ulius 8. W alsh,P resident.
Breckinridge Jones. lstV.-P. and Counsel.
Sa m u e l e . H offman, Second vicc-Pres.
B e l a c y Chandler * Secretary.
James E. B rock. Asst. Secretary.
Frederick V ikrling, Trust Officer.
@FedFRASER