Full text of Commercial and Financial Chronicle : May 7, 1898, Vol. 66, No. 1715

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[E n t e r e d a c c o r d i n g t o A c t o f C o n g r e s s , i n t h e y e a r 1 8 9 8 , b y t h e W i l l i a m B . D a n a O o m f a n t , i n t h e o ffic e o f t h e L ib r a r ia n o f C o n g r e s s .

VOL. 66.

SATURDAY, MAY 7, 1898.

CLEARING HOUSE! RETURNS.
For the month of April the clearings make a favorable
ehowing. All but ten o f the cities included in our state­
ment record gains over the corresponding month of 1897, and
in the aggregate for the whole country the excess reaches
21‘1 per cent. Outside of New York the increase is 13*3 p. c.

NO. 1715.

The week’s total for all cities shows a gain o f 22*0 per cent
over 1897.
The excess over 1896 is 2-9 per cent and the
decrease from 1895 is 3-8 per cent. Outside of New Y ork the
increase compared with 1897 is 14*5 per cent, the gain over
1896 is 3*7 per cent, and the loss from 1895 reaches 2*2 p. c.
i
Week endin g A p ril SO.

8.
1898.
1897. P.18C9ent.
1890.
189*.
April.
t
$
Four Months.
New Y ork ..........
631,003.601 492,572.28f +28*2 «12,787,907 004,607,888
54,1#,20 62,404.08¡ +8'8 01.241,979 71,111,420
1898.
1897. P. et.
1888.
1897.
P.O t. P h ila d e lp h ia ...
Pittsburg..........
18,177,67 1 13,369.74’ i +380 . 10,434,954 14,600,409
B altim ore..........
10,037.76 1 12,041.48í +382 14882,593 13,018.499
„
8
$
t
Wow Y ork.
3,704,751 3,200.90 +16*5 3831,838 4.078,804
+27*5 ,4.93,194,803 9,271,855, +45-5 B uffalo...............
2,2
4
9
,70
6
.7
5i
Philadelph .. 277,334,42 253.063.1« i +9'6 ,195,506,302 1,000,062
1,035.11
1,626,0911 +0'6 1,828,233 1,985,484
4-19*5 W a s h in g to n ....
P ittsburg..
1,520,38, 1,456,42’
08.260.08 +25 2 329,778,088 251,148 +31*3 R ochester..........
-t-4'8 1,038,600 1.088,984
1,000,99!
B altim ore.
889.59. +is*i
59.520.63t1+23'3 298,765.795 241,356, +23*8 Syraonse............
858.816
977,100
011,37 i
B u ffa lo....
793,151i +14*9
14,994.811 +13*1 68.645,742 «1,826, +11*0 S c r a n t o n ........
743,085
751,899
041,78
000,40 1 —3'8
8.329,14
8,230.65 +1*1 33,106,186 30,824,
W ilm in gton .....
668,254
R o ch e s te r,
345,00
7.278,07
317.3CK +8'8 __818^200 ____ 716,458
6.410.V3* +13*6 29,117,168 24.985, ++9*2
B in g h a m to n ....
1
6
*6
381,000
S yracuse...
4.988,852 3,875.83 +28*7 19,324,099 15,629, 4-28*6 T otal M iddle.
780,384,12 679,342,501 +26*1 715,174,418 774.568,049
Eoranton .. ..
8,847.73
3,292.59! +16-2
90,545 13,283, +18*1
3.223.481 2,841.86/ +13*0 15,6
12,557,702 10,979, 4-14*4 B oston ......... ..........
88.000.81 89.708.00i —1*9 90,969,350 104,141,804
..
1,597,70« 1,467,90« +8*9
6,026.300
5.420, +11*2 P roviden ce............
3,930.20 i 6.125,601 —231 4,345,000 6,822,800
2,108.40
le 8,348,812,0dl 2,069,768,54;- +25*4 15,502,013,709 10,926,372,059 -f-ll'9 H a rtfo rd ....... ....
2,227,401 -4*8 8.100,626 9.407,028
1.270.84’1 1,271,00« —
New H aven........ .
01 1.486,1+0 1.514,601
1,309,46«' 1,275,125 +2*7
B oston ........ .. 899,300,914 402,809.82« —
0*9 1,779,543,207 1,583,093, 4-12*4 Springfield.............
1,591.183 1,002,771
L62o.ee
Providence ..
20,öl7.60( 22,822,101 -8*1 87.420,500 90,020,
1,399,35
+8*0 1,323,372 1,410,268
—2*9 W orcester..............
H a rtford ...
10.151 47i +1*9 43,092,206 42,445,
1
,150
8
6
{
1,140,778 +09 1,141,489 1,201.424
4-1*6 P ortla n d ................ ,
New Haven
6,000,961 6,03ô]65t +8*5 26.682.355 25,417,
795,291 —31*8
542,99
823,502 1,008.920
4-4*6 Fall R iv e r............. .
Springfield. ..
6,S76.06(
661,317 +4*4
5,581.678 +62 24,983,032 22,312,
690.495
084,121
L o w e ll..................
708,950
W orcester., „
7,678,531 6.244.44! +21*4 25.069.355 22,969, 4-11*8
440,205 +7*1
4
8
1
,4
3
1
4
-1
3
*
1
403,884
New B ed ford........
P ortland ..., ..
6.772.49Í
5,320,88: +8*3 22,877,117 20.788, 4-10*0 T otal New Eng... 101,015,395 104,053,727 —2*9 104,987,787 ___602,844
2,905,527 3,188.051 -8*0 14.348,282 14,077
120,000,512
■
4
-1
*
9
-6*8 11,996,988 10,6s7, 4-12*3 Ohioago................... . 109.700.801 85,537,870 +88*2 112,914,828
L o w e ll.. .
.. 2,768,444 2,9d9.42< +3
3
i. 2,365.592 2,290,620
60'9 C incinnati............... U.782.80« 11.975.0OC —1*0 11,382,800 104,980,510
9,242,422
9.163,
—
g 404,090,736 400,013,069 0#d 2,046,055,464 1.9l0,9a7,934 +11*1 D e tro it....................
5,837.352 5,087,065 +14*7 5,921,851 13.768,959
420
5.302.47] +414*5 5,680,605 0.77»
C le v e la n d ..............
7,689,917 4
C h ica g o........ . 441,076.588 346,953.344 +27-1 1,720,398,764 1,285,027,152 +33*9 M ilw aukee..............
,036.11* +22*0 4,338,474 6,554,075
4
,948,13]
4.687.801
3
.1
5
7
.7
0
C
51,757.250 53,1O2.0OC -f-3M 213,798,900 196,833,800 4*6*6 C olu m bus..............
C in cinnati... „
+25'4
3.98020<
3,200,500
D etroit......... .
26,003.284 22,772,«5C +14*6 110,982,596 89,543.761 4-23*9 In d ia n a p o lis ........
2,000,08: +50 3 2,152,278 8.854,000
3,005.59]
1,187,871
C le v e la n d ...
83,021,807 25,201,938 -t-31-0 121,000,238 9;>,350,697 +22*8 P eoria .....................
1558,371 1.425,941 +9*3 1,925,720 8,025,900
20,076.583 17,972,201 +11*7 85,772,762 73,372638 +16*9 T o le d o....................
1,452.431 +14*5 1,365.252
1
,0
0
3
,4
2
;
18,267,200 16.086.800 +135 09,341,100 «0,893,450 +13*9 Grand R ap id s.......
769,121 +182 1,053,218
9
C
9
.1
8
C
948,848
ll,5dl,244 8,746,311+32*2 41,574,946 32,814,43“ +26'7 D a yton .........
604,92( +37*4
Sndlanapfolls..
693.23C
507,282
7,109.72a 6,517.734 +10*6 29,022,200 26,966,,001 +11*8 L e x in g t o n ............
280,001 +■21*4
P e o r ia .........
840,475
253,295
489,91»
6,410,073 7.138,836—10*1 29,463,392 25,778,267 +14*7 K alam azoo............
265.89Í +17 3
T oled o.
311,0
0
Í
3
3
9
,1
1
6
259,814
, 4,026,822 3,094,191 +30*1 15,^48,1451 12,432,,427 +27*5 A k ro n .....................
182,83« +94
200,051
203,700
181,190
. 3,174,<05 2,895.367+17*8 12,611.732 1
140,734 +1*9
+•259 Bay C it y ..............
© a y to n ....
3
5
0
0
,0
4
0
,
183,1
8
C
2
3
6
3
5
0
290.181
,
1
,701
,6
9
2
+
2
8
*8
1
,3
2
1
,1
3
5
+30-9
252,155
L e x in g to n ...
182,62« +38*8
5,800,045
6,837,958
R o ck fo rd ...............
243.529
178,398
1,370,698 1,038,288 +32*0
Kalam azoo...
131,894 +4*3
4,123,875 +23*2 Springfield,
5,080,418
140,065
180,960
Ohio..
172.088
1,295,600
982,063+31*9
Akron.......
4,370. 263 +14'3 C anton...................
4,895,500
169,972 +83 8
214,070
1
7
6
,8
9
0
171,279
+
2
6
*0
8
0
0
,4
9
1
7
0
3
,6
2
1
+
1
4
*7
3,5
9
6
.64
1
Bay C ity...
279,583
3,185,122
Youngstown*........
1,030,549
865,024+19*1
3,168, 388 +21*0 Evansville*............
R ock ford .
3,851,900
.....
770,237
734372
040,274 +13*1
3,217,730
Springfield
2,790,187 +15*3 T o t. Mid. W ost’r 153,341,169 122,600,807 +24*8 152.016,564
1,109100
841129 +31*9
c a n t o n ....
8*657. 184 +31*7
3,60),424
145.813,457
033,703,478 510,002,U00j+22*7 2,491,023,23d 1,987,598.33; +2o 0 San F rancisco........ 17,050,251 13,576.317 +25*0 15.024,027
1
4
0
7
.9
4
6
+
34*8
1
,1
3
2
.0
3
7
Sait L ake C ity...... .
1
.1
8
8
,2
0
4
67,726,596 58406.8411+10*0 263,194,191
4,233.103 +22 9 P ortland................ .
2,215.962
795.320 +1780
852,350
J 0,455,501 6,5*6,598 +15*4 26,993,300 21
28*3
0,575,593 +
1,838,893 1,103,025 +21*3 1,3
A n geles...........
00,094
+80*3 Los
8,030,228 3,081,004 +117* 31,022,991 2
P o rtla n d .....
5
1
0
.6
2
7
1
7
,2
1
0
.7
2
6
50
0
,0
00
607,610
H
elena.....................
6,575,209 5,119,327 +28*4 24,673,316 18.214,699 +35*5 T acom a....................
L os Angeles.
929,153
351,404 +104-6
496.765
4,151,502 1.759.727'+139* 15,755,794
T a com a ........
+139* Seattle.....................
1
0
6
1
.0
2
5
6
,5
8
6
,1
0
2
+150
3
4
1
4
,8
0
5
6
43,083
283* p o k a n e ...............
6,460.481 2,183,110+190*
73,365
7,559,050 +
891,806
527,728 +60*0
408.732
3,*35,090 2,304,732'+«6*0 25,0
+52*7 FS argo........................
S pok an e....
8
,8
7
0
,5
7
4
1
3
,5
4
8
,8
1
2
1
0
3
,5
1
1
+18
6
1
3
7
,8
3
3
1
30,000
890,277
92*3
5
51
7.9
.4O
78
+W8
F a rg o ..........
3,924,687
2,010,338 +
97,167
01,041 +69*0
92,110
F a lls ..........
20
OÍ+
123*
451,001
1,966,631
S iou x Falls.
771,215 +156* Sioux
2
5
,6
7
3
,4
9
5
+380
1
8
,5
9
9
,6
1
0
Total
P
a
cific......
2
0
,5
3
3,974
f 106,168,765 80,lui,3è7,“h31'3 405,143,016 296,061,4UU +30*8
1
0
.9
3
9
,6
0
7
+
7*3
1
0
,1
9
3
.2
0
5
Kansas C ity...........
8
,9
1
0
02
48,496.801 40.510,850 +4*3 185,020,635 178,745,991 +0*5 M inneapolis............ 10,678.434 7,025,208 +50 0 0,975,7
Kansas City..
3
32,544385 26,748.894 +21*7 121,193,667 94, 24,751 +31*8 Omaha......................
Minneapolis..
5,009,384 4210,409 -r33*2 4158,44
,0
70
23,816.622 17.513.507Í1-36*0 92,233,383 69,520,995
-i-3«*7 St. P a u l..................
Omaha...........
3,7
8
1
,60
2
+
33*5
2.8
3
1
,63
9
4.5
2
0
,90
3
12,198,491+
23*6
1
5,079.7
8
0
St. P a u l .. .. .
61,662,831 48, 94.304 --26*9 e n v e r....................
2,502,400 2,682894 —0*7 2.119.144
11,472.088 10,846.103 +8*8 49,811,760 42,814.907 +14*0 D
Denver.........
493.054
418,403 +180
D avenport...............
650,770
2,898353 2.333,4871+24*2 11,769,344
-29*7 St.
D avenp ort...
9,140,403 ■
3.1
9
3
,80
3
+
2
2
8
*3
«72,752
1,225,000
...........
11,713,835 5.177.560'+l26* 31,674,380 20,664,912 +53*3 DesJoseph
St. Joseph ..
954.043 +73*0
48.422
es............. * 1,050,000
6,427,527 4,511,290+425 21,518,3*3
- -27*2 SiouxM oin
Des Moines.
681,061
629,005 +8'8 1,3
432,144
C ity...............
3.236.733 2.«10.449!+24-0 13,223,111 Aß,828,86
Sioux City ..
8,531,136 -55*0 L in co ln ....................
8
7
1
,7
0
1
31
8
.7
85
+10’7
2
4
6,533
+
9*0
1,422.08
2
1
,3
0
5
,1
6
1
--1
9
*7
6,4
8
4
,18
0
L in co ln ........
4,582,837
441,416
448,872 —1*7
W ich ita ...................
498,858
1.838.507 1,831,900 +0-4
6,565,495 --21*7 T
7,989,177
W ic h it a ......
«20.879
477,159 +9*0
opeka.....................
835,602
2,239,105 1.680.643+37*3
9,229,011
6,667,541 --40 5 F rem
T opeka..........
1
0
4
,9
6
7
+
61*7
64,777
52.054
on t..................
253.959 +102618,039
1,987,397
1.007,278 +973 H a stin
F rem ont.......
123.341
89,054 +37*4
60,656
g s.................
493.050
856,251 +38*5
1.906.238
1.441,56 +32 3
H astings.......
162,221,870 133,564,504 +21*6 617,705,80/ 504,345, #8, +22*5 T o t. oth er W est. 40,990,799 31,316,275 +80*9 31.534,300 81,071,994
25,712,808 23.018.289 +8*9 22,903,032 27,908,820
St. L o u is................
116,069,316 109,017,522 +7*0 473,315,163 433,990,1,701 +9*1 New
St. L ou is........
7,171.479 6.639,356 480
Orleans..........
633,115 8,310.450
33,924,440 30,164,896 +12*0 174,379,364 148,047,’,554 +17*2 L ouisville...............
New Orleans.
0,139,008 6,650.323 +8'5 8
76,887 7,250 547
+
8
*1
27,983,078 25.9U9.507
117,556,376
L ou isville......
2,448, 790 +14*8 Galveston...............
2+79,050 3,436,650 +100 5,7
1,976,282 2,140,229
11,1*6,150 9,001,700 +15*8 51,158,750 10
+
2
0
*7
1
0
0
G a lv eston ....
4
2
,3
8
0
,
2
,4
5
0
,0
0
0
ou ston .................
2,413.985 +1*6 1.621,454 2,182 440
10,007,4(8 10,103,323 —10 47,098,362 42,704,„040 +10*3 H
H o u s to n .......
1.880809 1,703,643 +10*4 1,814.143
a v a n n a h ...........
8270,831 9,380,353 —11*8 41,072,781 38379,,998 +7*0 RS ich
Savannah...
1,930,708 2,025.626 —4*7 2,185.578 21.719.804
d ..............
342.253
10,011,593 9,019,653 +11*0 41,951,224 87
Richm ond .. .
,608,731 +11*0 M e mmp on
1.522,604 1,457,869 +4*6 3,145,083 2,190.170
h is ..............
8,304.034 6,856,717 +21*1 45,652.862 31.2
+40*3 A tlanta.........
,2
5
2
0
9
.
Memphis........
1,012,907 1.117,103 -9'3
983,071 1,845,081
5.487,141 5,598.812 -2*0 25,186,218 23,757,,689 +5*8 Nashville...- ..........
Atlanta .......
1
.0
1
2
,6
4
5
+
4*3
9
7
0
,7
00
8
5
7
,8
52
852,714
5,118,175 4,477,162 +14*3 20,582,535 17,860,119 +15*1 N orfolk............ .
N a sh v ille. . . .
941,042
827.694
819.227 + 14*9
861.580
3.750.462 +99 16, L64.Ö54
N o r fo lk ........ . 1 4,120,441
5,292,,069 +57 F ort W o rth ........... .
870.000
735.000
619,060 +40*5
653,828
3,745,928 2,810,083 +33*3 14.147,697 1
+
25*7
,6
4
1
1
1
,2
5
9
,
F ort W orth., }
7
4
8
.9
0
7
+
4*0
7
20.122
A
ugusta........
..
4
2
7
,7
2
7
461,940
2,847,954 3,183,912 -10*6 13,090,439 13,414,,707 -28 B irm in g h a m .......
A ugusta........
434,776,
384,133 +13*0
401,528
841,880
2,039,3d0 1.643.436 +24*1
8,231,373
6,463,,121 +27*4 K n oxville...............
Birmingham.
445,610
694.963 —25*0
407,417
2,165,715 2.083.723 +3*9
8,684,553
+15*0 L ittle R o c k ..........
7,6
1
0
,
,1
5
7
K n oxville ....
8
9
7
,0
6
5
2
9
8
,0
8
5
+
3
4
*1
2
8
7
,1
70
280,208
1,533,958 1,312.130 +10-8
+24*4 J ackson ville..........
8,517,300
,3
5
8
L ittle R ock ..
5
,2
.3
8
,
-15*9
1
8
2
.0
0
0
2
1
8
.8
8
4
2
9
8
.1
4
1
828.027
931,015 3,051,893 -ICI
8,047,914
4,176,,088 —5*S
Jacksonville.
276.225
225,000 +22'8
250.000
206,000
1,54t.815 1,015,167 (-44*7
34.922
4,379,,458 +37*8 Chattanooga.........
Chattanooga.
478000
415,000 +15*2
2 408.000 2,010,000 +19*7 16.0
0.816.000
9,121,,000 +18 6 M acon................ ...
M a con ...........
+
7*6
'
6
2
,3
2
3,3
1
3
6
6
,2
7
0
,4
0
5
T
o
ta
l
Southern,
5
2
,5
9
4
.1
7
2
69,320,214
2
3
9
,0
9
5
.0
7
0
+
8*0
i
258,30
4
.6
0
«
+13
0
,125,521,485
995,e03.2rtl
T otal South
T otal all...... 4.072.306,528 4.100,125.495 +2PÏ 2â’.177,460.-77 16,50l,i73,967 +34*4
1,077.340.215
.107,681,383 908,802,034 +22*0 i.
T o ta l a ll.............
Outside N. 7. 2,103,431,602 .850,358,730 +13*3 S
(.683,966,374 7,229,818,153 +201 Outside N. York. 470,027,877 416,729.748 +14*6 459,112,218 1,161,860.451
480,759,070
SO.OOS.O'O 45,092,792 +10*9 40,295,657 107,806,108 +13*4 M on treal...............
M ontreal........
3,479.108 10.024,511 +28*9 8.461,639 10,771.400
83.0S5.3C5 28.230,479 hl70 2
T o r o n t o .......
110,019,151 +295 T o ro n to ................... 17.2
1
4
3
.2
9
9
,3
2
4
6,907.867
73.770 0.141,230 +184
6,000,000 5,077,853 —1*6 19,294.505 19,637,002 —1*7 H a lifa x............ .
H a lifa x ........
995.877 +0’4 1,214,858 6,704,778
1,000.000
1,121.260
0.240,000 4,131.962 1-499 2
W innipeg ...
4,072,783 17,312,390 +39*0 innipeg................
870.599 +54*4
810,051
1.844.180
778,907
2,858.171 2,900,081 —1*4 11,570,698 11,155,119 +3*7 W
H am ilton... .
am ilton.................
609,140 +0+
614.033
608,996
021,787
2,254 449 2.314,760 -2*6
9,031.621 -2*0 H
St. J oh n ..........
8,843,193
649,259 -21*0
o h n ...... ...........
513.6S7
99,300.934 87,784.623 +13-2 ~ 447,376,050 885,505,004 +88*3 St.T Jotal
T ot. Canada.
21,324.794) 19,890,040 +22*3 17,002,920 19,001,183
C an ad a ...,
W r F s r t a b l e o f c l e a r i n g « b y t e le g r a p t a s e e p . 8 8 1 «




Oltarings at—

* N ot included in totals.

THE CHRONICLE

874

£V o l . L X V L

an additional rise all along the list; while yesterday
the same condition— an upward movement—pre­
The war and its progress continue to be the con­ vailed. During this time there was no additional
trolling influence in industrial affairs. A t the same news from Commodore Dewey ; but what Spanish re­
time, in studying the business situation, equally im* ports admitted to have been done by him was sufficient
portant is the fact that, while the war serves to restrict to dispel all doubt and establish full confidence in
operations, nearly every other condition favors prog­ the future of events.
Results such as have been indicated in the forego­
ress, these favorable conditions being more or less held
ing
references to the stock market could not have
in restraint by this temporary but for the time being
been
possible except for the victory at Manila, and
dominant force. These suggestions, when applied to
yet
they
were not wholly due to that event. In a
the events daily transpiring, fully explain the recent
sense
they
were a sequence of it, but only because tho
changes in our markets, that is the recovery in tone
victory
opened
the door for other favorable conditions
and character the last three weeks, a feature becoming
to
exercise
their
natural influence.
Prominent
each succeeding week increasingly evident.
They
among
these
other
influences
was
a
new
devel­
likewise indicate the promise which the future has in
opment
in
the
grain
situation
in
Europe,
giv
store, the general truth being that industrial pros­
ing
fresh
proof
of
the
extreme
wheat
short­
perity is to-day the normal state, while the depressed
situation prevailing ever since war seemed inevitable age existing and the need there was for all our
is abnormal; and hence the revival of our industries surplus. The proof referred to was the suspension
must proceed in coming weeks just in proportion as of the import duties by important consuming coun­
tries. It has been announced that the French cabinet
the restraining power is lifted.
We explained in this column last Saturday why a on the recommendation of the Council of Agriculture
better hope in financial circles at that time prevailed has suspended -the duty on wheat until July 1. A
The chief new fact this week has been the marvelous cable from Rome also states that Italy, by Royal decree,
success of Commodore Dewey at Manila. That event has suspended the duties on cereals until June 30. A
has not only proved a severe blow to the prestige and report has likewise been published that Germany is
the power of Spa n, but it has served other highly about to take similar action, though this statement
useful purposes; prominent among these, it has estab­ has since been denied. The present duty on wheat in
lished public confidence in our own navy. We did France is 7 francs, equivalent to $1 35 per 100 kilo­
not need to have faith made more real or steadfast in grams, which would make the rate per bushel about
the men who manned our ships, but we needed to 36| cents. Italy's tariff on wheat since Dec. 31 1897
have the vessels themselves tested, and their fitness has been 50 lira per ton, equivalent to$9 65 per ton, and
for the work th-y were designed to do proved. They on the basis of 37 bushels to the ton would make the
were wholly untried instruments. Then, too, this tax about 26 cents per bushel. Germany's tariff
war may be said to have dated from the disas­ fixes the duty on wheat at 5 gold reichsmarks,
ter to
the
Maine.
That
accident paralyzed equivalent to $1 19, per 100 kilometres, making the
business; but more than that, it gave rise rate per bushel very nearly 32£ cents. There has at
to the gloomiest of suspicions ; one that has had more the same time been a rumor current that Russia is
to do than all others in darkening the outlook and de­ about to forbid the export of cereals. It is no wonder
pressing our industries. It was a suspicion that ex that under the influence of such disclosures as these our
cited distrust and weakened public confidence in all wheat market should have exhibited greatly increased
our war vessels. One is almost inclined to doubt activity and that prices should have risen very ma­
whether the little affair at Matanzas last week could terially. May wheat, New Y ork, on April 23 was
be a helpful incident. But it was ; to a large public quoted at our exchange at $1 11 per bushel; on April
outside of the navy it was a needed assurance that a 29 (last Friday), probably under the influence of the*
modern American ship's guns could be handled and rumor of the action subsequently taken, the quotation
discharged and do execution (not when on parade but had advanced to $1 19£ per bushel, and yesterday it
when under the enemy's fire) without harm to the closed at $1 43| or a rise of 24 cents in the last
vessel or to the crew. This week we have fuller, in­ week. July wheat at the same time advanced from
deed full, demonstration of the endurance and power $1 01f April 29 to $1 09 May 6.
In connection with the rise in the price of wheat, theof these new war engines. Not only the Commodore
and his men have covered themselves with glory, but fact should not be overlooked, either, that the price of
out of the fearful conflict the American-built warship corn has also latterly been going up. In this case the
advance has been small—indeed it looks quite insig­
has come with a high character and reputation.
These changed conditions, we repeat, have left the nificant alongside the phenomenal jump in wheat, but
industrial outlook infinitely more promising. One the appreciation has been in progress for some time
does not need to go further than the Stock Exchange and in the aggregate amounts to a good deal. As
for evidence. The course of prices there last Monday compared with a year ago, the cereal now both at New
and since then, under the influence of the results York and Chicago is 10 cents a bushel higher, the
established by the battle at Manila, as received from May option here having closed yesterday at 38f cents,
Spanish sources, and of the confidence those results against 29 cents at the corresponding date in
inspired, tell the story: The rise in stocks on Monday 1897, and at Chicago at 33£ cents, against 23£- cents.
was all the way from about 1 to
points, the great­ As applied to a crop of the magnitude of that of corn,
est buoyancy prevailing. On Tuesday, notwithstand­ this appreciation of 10 cents a bushel is a fact of great
ing London was reported to be selling and traders importance. The crop in 1897 was not entirely satis­
realizing, there were only slight declines, the larger factory, and yet reached an aggregate of 1,903 million
number of stocks establishing a further advance. bushels. Moreover, this followed a yield of 2,284
Wednesday was a close holiday, but Thursday the million bushels in 1896 and of 2,151 million j^ushelsin
buoyancy of Monday returned, and together with it 1895, so that in the three years the country produced

THE F IN A N C IA L SIT U A T IO N




May 7, 1898.]

THE CHRONICLE.

875

6,338 million bushels of this cereal. The figures are ing three months over the results in the same three
cited to show that notwithstanding the liberal ship­ months last year, Mr. Coppell estimates the surplus for
ments which have been made, enormous supplies must the year ending June 30 at $900,000. The dividend
still be on hand. According to the report of the of one per cent paid on the preferred stock in January
Agricultural Department 41 per cent of the 1897 takes only $236,500 out of this.
crop remained in farmers' hands on March 1,
Money on time has been easier this week, though on
representing 783,000,000 bushels. Ten cents rise call, representing bankers' balances, it has been a
on this would mean 78 million dollars additional shade firmer. This firmer market on call has been
income to the farmer. Of course much of the sup­ due to some shifting of loans incident to May set­
plies on hand will not he sold, but he fed to hogs and tlements and also to borrowing on Tuesday over the
cattle. In that case, however, the only difference following holiday. Loans were made at 2£ and at 3| p e r,
will be that the farmer will get the benefit of the rise cent on Monday ; at 2 and at 4 per cent on Tuesday ^
in the higher price of meats. Nor is this all. The at 2$ and at 3£ per cent on Thursday, and at 2£ and at
appreciation in values now will have an important in­ 3 per cent on Friday. The range for the week was
fluence on the prices for the next crop. Obviously, from 2 to 4 per cent, and the average was about
therefore, as an industrial factor in the situation the 3 per cent. Banks and trust companies are more
upward movement in corn is no less important than freely loaning, maintaining 3 per cent as the mini­
the jump in wheat.
mum. The most important feature has been the
These conditions mean financial strength just as more liberal offering of time loans, indicating less
surely as such feats as Dewey's mean naval strength. apprehension of derangement to the market. Trust
Bring the two together and united put the whole at the companies and private capitalists are offering money
foot of the country's large foreign trade balance and at 4£ per cent for sixty days and 5 per cent
on top of the gold imports now in progress, and we have for ninety days to six months, and brokers re­
a structure strong enough to resist even the Senatorial port a fair business at these rates, though the
wreckers, who seem to be intent on doing all demand is only moderate. There is a better in­
the mischief possible through the revenue bill. quiry for commercial paper and some of the
The report now is that the Senate Finance Commit­ banks and other city institutions are buying choice
tee propose to substitute for the bond provision names, but the demand is not of such a character as
of the bill Treasury notes of some kind.
The to cause much reduction in rates. The market is re­
facts we have very briefly given proclaim that their ported quite bare of choice paper, and this scarcity is
plan would be powerless even if there were no House regarded by brokers as due to the fact that merchants
of Representatives and no Executive veto standing be­ are disposed to wait for lower rates before offering
tween their efforts and the Government Treasury. their notes for sale. Quotations are 5|@6 per cent
Our gold reserve is now impregnable. The fund held for sixty to ninety-day endorsed bills receivable, 6@7
in the Treasury is so large and it is so hedged about by per cent for prime and 7 per cent and above
phenomenal supplies outside the Treasury, and those ■for good four to six months' single names. The
are so fortified by the largo trade balance, and that banks appear to be getting into an easier position as.
again by this new rise in wheat and corn— indicative regards reserve, the inquiry for money from the in­
of a demand certain to make a good market at high terior is less urgent, and conditions throughout the
prices for our coming wheat crop at least—that this country are more normal.
new device of the Finance Committee is capable of
The news of Commodore Dewey's victory at Manila
no more force than a pop-gun. Is it any surprise that seems to have precipitated a political crisis at Madrid*
the public should be simply laughing at an opposition and rioting has, since the beginning of the week, been
party which finds no work to do other than digging general throughout Spain, while there have been
its own grave? To be sure it is their war, while the almost continuous runs upon the Bank of Spain and
Administration appears to be gathering the fruits. upon its various branches, and also an advance in the
Perhaps that situation is the cause for the develop­ gold premium. It was reported on Friday that
ment of a suicidal tendency.
this premium was 114 per cent, against 62 on Tuesday*
Mr. George Coppell, the Chairman of the board of and that the Government was seeking to place treasury
directors of the Denver & Rio Grande Railway, has bills in London at 15 per cent without success. In
returned from a trip to Colorado, and brings flattering view of a possible overthrow of the Spanish dynasty
accounts regarding the conditions in the Western and of entire financial collapse, some anxiety seems to
country. He confirms what we have said above re­ have been felt in Europe as to the effect in France of
garding the large supplies of corn left on hand, say­ such a crisis.
ing that everywhere he found the cribs full. With
The Bank of England minimum rate of discount re
reference to his own road he speaks in very encourag­ mains unchanged at 4 per cent. The cable reports
ing terms. He says that a great deal of money has been discounts of sixty to ninety day bank bills in London.
made in Colorado in the cattle traffic, that gold pro­ 3 f@ 3 f per cent. The open market rate at Paris is 2
duction is still on the increase, and that silver-mining per cent and at Berlin and Frankfort it is 3J per
is also being pushed at all the mining camps notwith­ cent. According to our special cable from London, the
standing the low price ruling for the metal.
The Bank of England gained £1,932,074 bullion during
company's income statement for the nine months to the week and held £33,712,717 at the close of the
March 31 has been issued this week, and shows gross week. Our correspondent further advises us that the
over a million dollars better than for the correspond- gain was due to the import of £2,170,000 (of which
ing period in the previous year, the comparison £1,333,000 were bought in the open market, £350,000*
being $6,325,167, against $5,217,303, while the net is were from Austria, £197,000 from Australia, £150,000
$2,512,880, against $2,105,826. The surplus above from Germany, £100,000 from Egypt and £40,000
fixed charges for the nine mohfchs is $702,640. Al­ from China), to £7,000 exported to South America
lowing only very moderate impfpyement the remain­ and £231,000 net sent to the interior o f Great Britain.




876

THE CHRONICLE.

The foreign exchange market lias been dull and
generally heavy this week. Bankers report a very
light demand, there is only a small inquiry for mer­
cantile remittance, which is easily satisfied, and
scarcely any demand for travelers’ credits. The offer­
ings of grain bills against the wheat which is moving
from! Chicago appear to be made through few houses,
and these chiefly with Chicago connections. The
grain is being shipped quite largely from Canada, Bos­
ton and Baltimore, and in comparatively small
amounts from New Y ork; consequently not many
bills are handled by banking houses in this city.
There seems to be an abatement of the inquiry for
sterling for investment, to hold as security, indicating
a more confident feeling. Engagements of gold in
London for shipment to New York have been larger
this week, amounting to $4,075,000, making $63,335,000 since the beginning of the movement. The ar­
rivals have been $2,064,604, making a total thus far of
$55,482,795, leaving $7,852,205 in transit. The Mari­
posa arrived at San Francisco on Monday with $1,500,000 gold from Australia, and $730,000 gold ar­
rived at Philadelphia on Friday from HavaDa.
Nominal rates for exchange opened on Monday at
4 81-$@ 4 82 for sixty day and 4 85@4 85^- for sight,
and there was no change thereafter. Rates for actual
business opened unchanged on Monday compared
with the close on Friday of last week, at 4 80f@ 4 81
for long and 4 84@4 84£ for short, but cable transfers
were reduced one-quarter of a cent, to 4 84£@4 84f.
The market was a shade easier. On Tuesday, while
long sterling remained unchanged, there was a firmer
tone for short sterling and cable transfers at an ad­
vance of one-quarter of a cent, to 4 84^@4 84£ for the
former and 4 84f @ 4 85 for the latter. Wednesday was
a holiday. On Thursday the tone was easier again,
and though rates for actual business in long were un­
changed, those for short sterling and for cable trans­
fers were reduced one-quarter of a cent, to 4 84@4 84J
for the former and 4 81^@4 84f for the latter. There
was no change on Fiiday. The following shows daily
posted rates for exchange by some of the leading
drawers.
Fkt ,
M o n ..
Apr. 29. May 2.
0 days.
Brown Bros........ 1(0Sight....
5 60 days.
Baring,
Magoun & Co.. 1 Sight...
Bank British
(60 days.
Mo. A m erica.. \ Sight...
Bank o f
(60 days.
M on treal........ (Sight...
Canadian Bank (60 days.
Of Commerce,. ( Sight....
H eidelbach, Ick- (6 0 days.
elheim er & Co ( Sight....
0 days.
Lazar d Freres.. (6
{ Sight.,.
M erchants’ Bk. f 60 days.
OfCanada...... 1 Sight....

61«
85
82
85«
82
85«
81«
86«
81«
85«
62
86
82
83
82
80

61«
85
61«
85
82
86«
81«
86«
81«
86«
.8 2
85
82
85
81«
85«

TOES¡Slay 8.

W e d ., T h ü r ., H'RI.,
May 4. May 5. May 6.

I 1«
85
81«
85
82
85«
8J«
81«
81«
85«
82
65
«2
85
«1 «
85«

8 Í*
85
82
f5«
82
85«
61«
(5 «
81«
65«
•82
85
62
85
61«
65«

81«
85
12
85«
81«
85
8 !«
85«
81»»
85«
82
85
62
95
H «
65 «

The market was steady on Friday, with rates for
actual business at 4 80f@ 4 81 for long, 4 8 !@ 4 84£
for short and 4 84-J@4 84f for cable transfers. Prime
commercial 4 80@4 80£ and documentary 4 79
4 80£.
Cotton for payment, 4 79|@4 79f; cotton for
acceptance, 4 80^@4 80£, and grain for payment, 4 80|
@ 4 80f.
The following statement gives the week’s movement
oi money to and from the interior by the New York
banks.
Week Ending May 6,1898,

T o ta l gold and le g a l ten d ers —




Received by Shipped by
¡V, Y. Banks. N. Y . Banks.

N et Interior
Movement.

$3,828,000
888,000

$3,894,000 .Loss.
$66,000
2,539,000 Loss. 1,651,000

$4,716,000

$6,433,000 L oss.$ l,7 1 7 ,0 00

IV O L . L X \ I .

Result with Sub-Treasury operations, etc.
Out o f
Banks.

Week Ending May 6, 1898.

Into
Banks.

Banks’ interior m ovem ent,as above
3ub-Treas’y opera’s & gold im p orts..

$4,716,000
18,400,000

N et Change in
Bank Holdings.

$6,433,000 Loss.$l,717,000
14,400,000 Gain. 4,000,000

T o ta l gold and le g a l te n d e rs ....... $23,116,000 $20,833,000 Gain. $2,283,000

The following table indicates the amount of bullion
In the principal European banks this week and at the
corresponding date last year.
May 6, 1897.

May 5, 1898.
Bank of

England........
France........
Germany....
Kussiaf........
Aust.-Hung’y
Spain. ........
Italy ..............
N etherlands.
Nat.Belgium.

Gold.

Silver. | Total.

£
33,712,717
74,448,926
27,803,000
110,689,000
35,613,000
9,834.000
15,331,000
2,850,000
2,844,000

£
33,712,717
48,733,801 123,182,727
14,322,000 42,125,000
4,105,000 114,794,000
12,530,000 ( 48,143,000
7,133,000, 10,966,000
1.845,000 17,170,000
6,934.000 9,784,00f
1,422,000 4,266,000
£

Gold.

Silver.

&
£
36,263.715
77,180,285 48.929,481
29,695,000 15,297,000
92,9( 9,000 3,050,000
31,785,000 12.598,000
8,510,000 10,480,000
14,975,000 2,350,000
2,630,000 0,883,000
2,672,067 1,330,333

lota l.
£
30,253.715
126,109,709
44,992,(00
96,559,000
44,383,000
19,020,000
17,331,000
9,453,000
4,O09,(X 0

rot.this week 313,125,643 97,023,801 410,149,444 290,040,667 101469817 398,110,484
Tot. prev.w ’k 313.226,788 99,190.718 412.417.500 296,012,737 101094421 397,107,168
+ Gold in Bank o f Russia does not include the amount held abroad by the
Bank.

THE B A T T L E OF M AN ILA.
Events have already made it plajm that in at least
one respect the Spanish-American war will stand forth
as an interesting landmark in military history. For
the first time in a century, the earliest fighting and
the heaviest blow of war has fallen on the other side
of the world from the capitals of the two belligerents.
From the opening of Napoleon’s Italian campaign in
1797 to the treaty of Constantinople in September
1897, each successive international contest has con­
fined its area of fighting to the home territory of the
combatants.
Within this period there have been
fought nearly a dozen wars of the first importance,
but in none* of them was any concerted effort made to
strike at the enemy through his remote outlying de­
pendencies. To find a piecedent for our G-overnment’ s
recent strategy in the Asiatic waters, followed by
Commodore Dewey’s brilliant victory of last Sunday
off Manila, we must go back to the exploits of Clive,
Rodney and W olfe in the Eighteenth Century— a period
when the European States were acquiring their colonial
empires in America and India.
Nor is this historical parallel, after so long a lapse
of time, a matter of accident. On the contrary, it is
a wholly logical result of conditions which had already
marked out the present generation as an altered
period in international relations. That this first naval
engagement of our time in the antipodes, between
Caucasian States, should have been won by a nation
not ambitious of colonial acquisition over a nation
whose colonial power has been steadily decaying, is a
singular element in what may be an epoch-mark­
ing episode.
But this curious fact does not
diminish the significance of the victory from a his­
torical point of view.
Even under such condi­
tions the incident has a consistent and inter­
esting meaning for the times. The development of
the armored fleet has taken place since the last war
between first-cltss States was fought. At the very
time when naval invention was foreshadowing a
change in modern warfare, the passion for colonial
conquest or annexation which seemed, except in the
case Of England, to have slumbered for a century, has
broken out with renewed enthusiasm. Powers such
as Germany and Russia, which in the Eighteenth Cen­
tury were never mentioned as a factor in the colonial
problem, have been annexing huge blocks of territory
in other hemispheres. In part for purely political

Ma y 7, 1898,]

THE CHRONICLE;

877

-purposes and in part from heavy pressure on war-ships had taken their position in a protected bay*
.the governments to acquire proprietary markets susceptible of submarine defenses, and reinforced by
And extend the area of a nation's export shore batteries on both sides of the channel. That
trade, the colonial movement has become conspicu­ Commodore Dewey, in the face of these apparent odds,
ous in the policy of a half dozen nations. The parti­ should have invited battle, forced his way into the
tion of unclaimed Africa, followed, a few years after­ sheltered harbor, engaged both land and water arma­
wards, by the disintegration of China and the distri­ ments, silenced the Spanish batteries and completely
bution of its coast among foreign governments, has destroyed the Spanish fleet, simply shows that the
simply marked the development of a tendency gen­ Spanish forces are incapable, through training or prep­
eral throughout the European world. In short, the aration, to oppose' successfully a thoroughly discip­
two conditions of well distributed foreign possessions lined adversary. Had not this utter lack of capacity
and of aggressive naval armaments, from which re­ and skill been reckoned in with our navy's calcula­
sulted the wars in the East and West Indies, in tions, the undertaking at Manila would have been
Canada and in the American colonies, throughout the pronounced reckless and hasty to the last degree.
Eighteenth Century, are as nearly duplicated now as But the real condition of the enemy had been judged
conditions can be duplicated in another generation.
correctly.
Speaking, then, from a historical and military point
The result, for one thing, shows our ships to be
of view, there is nothing strange in. the fact that the fully equipped for self-defense—a question on which
first aggressive move in our own struggle with Spain some uncomfortable misgivings had existed— and to
over its possession of Cuba should have been made in be, moreover, so thoroughly manned and disciplined
the Philippine Islands. As a strategic move it merely as to overmatch in gunnery and manoeuvres even a
repeats the policy in line with which Pitt in 1757 well-provided and numerically superior opponent.
struck the first blow of his French campaign by the There is no reason to suppose that the officers and
capture of Quebec, or with which a later English gunners of the fleet which lately anchored at Cape
Ministry in 1781 opened the war with Holland by Verde are any better, or our own Atlantic seamen any
the capture of St. Eustatius. The treaty of 1783, in­ worse, than those who fought the Battle of Manila.
deed, resembled nothing more than a re-assignment of More than this, a naval engagement in West Indian
foreign ownership in the Western and Southern hemi­ waters would involve to Spain the forfeit of all advan­
spheres and in the Orient. Ho other subsequent tages which its Manila fleet possessed before last
treaty of peace has in any similar degree converged Sunday's battle. Three times as far from its base
the attention of diplomatists oh the division of co­ of coal and ammunition as Commodore Dewey was
lonial control.
when he attacked Manila, and confronted by a fleet
It is in this respect that the capture of Manila is an superior in armament and probably in numbers, a
event and precedent of high historical importance. movement on the part of Spain to invite a second
.There are powerful reasons why war between the Eu­ battle in the West Indies would at this moment
ropean States may be averted ; perhaps the inevitable awaken little conjecture except as to the probable
risk of loss of colonial possessions is not the least of magnitude of the defeat in store for it.
-them. But the historian will not fail to notice that in
nevertheless nearly all the news from Europe since
this very decade the centre of such international fric­ the battle of Manila indicates that the Spanish Gov­
tio n has been transferred from Southeastern Europe to ernment means to risk another battle. Its fleet has
the coasts of Africa and China. Instead of the lately sailed from European waters under secret orders, and
absorbing “ movements in the Balkans," the war ru­ our own Atlantic squadron seems to be making prep­
mors of more recent days concern themselves with arations to receive it. With apparently no qualifica­
,Wei-hai-wai and Port Arthur, with the Upper Nile and tion, current Madrid dispatches have reported on the
the Guinea “ hinterland." If, through any of those Ministry's behalf only a resolute determination to con­
unforeseen incidents which control the destinies of tinue fighting until the struggle can be maintained
.nations, war were to be provoked between some of the no longer.
The movement of the foreign markets
strongest foreign Powers, it would in all probability after Sunday's battle— even for a day or two the
be found that Commodore Dewey's undertaking in course of Spanish bonds in Paris— did indeed reflect
Manila Bay had fixed the precedent for Europe's naval belief in an early ending of hostilities. But quick
strategy.
surrender has never, in its long and historic series of
v Of more immediate interest, doubtless, to our own reverses, been the habit of the Spanish nation. It
•citizens, is the question as to the practical results of is by no means inconceivable that the un­
last Sunday's victory. It has been quite generally fortunate Sagasta Ministry hopes even now for
assumed that this overwhelming defeat of the Spanish some single and even slight success which- may
armament in the Pacific waters means, first, an early throw a solitary gleam of light on Spanish prestige;
¡termination to the war, and, second, the ultimate loss which may add some alloy ,to the nation's cup of bit ­
£y Spain not alone of Cuba, but of its two only re­ terness, as our own victory at Hew Orleans offset o^r
g a in in g colonies at the Philippines and Porto Rico. otherwise humiliating defeat of 1814, or as Rodney^s
T h e expectation of an early peace is based partly on brilliant achievement off Dominica in 1781 dispelled
the tendency of recent warfare to allow the first the utter pessimism into which which a series of mili­
severe defeat to settle the question of the struggle, tary reverses had plunged Great Britain.
-bp.t chiefly on the total.incapacity to continue effective
Such an exploit, even if transient and barren of visi-Var which Spain showed in its failure to protect ble results, would exert a powerful moral influence,.not
Manila. In the open sea it is possible that, Spain's only in repairing Spanish naval credit in the. eyes of
numerical superiority in ..its Philippine fleet would other nations but in giving some mollifying an ­
haveubeen offset by the greater power and more mod- swer to the ^ d r i d
apd the, opponents ,of x
ATfi armament o f the;American squadrons ¡But allad- the dynasty. ..The ..chances are against i y ' bni;4" 11
wantage was clearly in Spain's favor when the Spanish the stake may very possibly be regarded by




878

THE CHKONICLE.

[’Vol. LXV1.

the Ministry as worth one more desperate throw. over a dozen other and distant Philippines ? On
Nor, in such calculation of probabilities, will a gen­ the other hand, the progress of the war is
erous antagonist fail to take into account the personal showing that the coast line of our country is, ‘ for all
bravery which has already distinguished Spanish true strategic purposes, quite invulnerable. But what
Officers and sailors. Whatever the result of last Sun­ if we were now at war with another first-rate
day’s engagement, and whatever its reflection on the Power, and Cuba and the Philippines were ours,
nation’s capacity for war, the four hundred officers not Spain’ s? If this war shall teach no other useful
and sailors in the Manila squadron who refused to lesson to the United States, it will at least have
strike their colors but went down with their disman­ pointed out unmistakably our existing source of
tled and burning ships provide one of those pictures strength and our conceivable future source of weak­
which may rightly stir the blood of their fellow- ness. The truth of this matter, we believe, is recog­
countrymen for many generations. When the crew nized instinctively even by those who publicly deny it.
of a battleship chooses to sink before surrendering, it Hardly a week ago a foolish outcry was encouraged by
is not strange that the Government at home should some Washington agitators that our Gove nment
should seize the Hawaiian Islands for naval purposes.
send forth an almost equivalent defiance.
That Spain’ s colonial power is doomed will be read­ This very week— after the battle of Manila, let it be
ily inferred by all who anticipate her surrender, either observed—it is reported that the Hawaiian Government
now or after another almost certainly futile struggle. itself offers its islands for our use as an indispensable
There is no need to moralize on the somewhat trite basis of operations. Y et both demand and offer, by a
lesson of Spain’s decline from her overshadowing im ­ kind of irony of circumstance, find voice at the very
perial position of two centuries ago to her stripped time when, with a fighting fleet in the Pacific and
and empty-handed situation of to-day. Lord Salis­ with an undisputed title to one harbor in Hawaii, we
bury’s obvious reference to Spain last Wednesday as a had not raised a finger to fortify that harbor or even
ct dying community,” where “ disorganization and to provide it with the requisite supplies of coal.
decay are advancing almost as fast as the power« of
other States is increasing,” raises some interesting
L A K E SHORE & M ICH IG AN SOUTHERN.
queries for Europe’s own territorial future. With this
No railroad company has a more striking financial
problem we shall not now concern ourselves, confin­
record
than the Lake Shore & Michigan Southern.
ing our survey to Spain’s colonial history. It is suffic­
How
many
companies, for instance, can say, as does
ient to remark that Spain has obstinately refused to
the
Lake
Shore
in its report, that construction and
learn the lesson of her earlier losses, that she has
equipment
stand
to-'day on the books at the same fig­
persisted in the method which harassed prosperity and
ure
as
they
did
in
1883, fifteen years ago— that nothing
incited revolt in her other colonial possessions, and
has
been
charged
to either of them since that time P
that she is now paying the final penalty.
Nor
is
the
statement
in this case one to which no sig­
To Spain a colony has always meant a remote and
nificance
attaches.
For
we all know that the Lake
rich possession which could be made a source of
revenue to the home exchequer and a means of sup­ Shore has spent large amounts for new equipment,
porting political and military favorites ; yet the na­ and that other very important additions and improve­
tion’s stubbornness in pursuing the policy of prefer­ ments have been made— that a second track, for in­
ential colonial tariffs and colonial government through stance, extending pretty nearly the whole length of
dictatorship is not mysterious. It was not possible the road, has been provided. But instead of charging
from the nature of their people and the nature of the outlays for thi3 purpose to capital account, the
Spanish industry that its colonies, like England’s, company has followed the course of applying earnings
should develop by natural and easy steps the principle to that end.
The record is a noteworthy one in a double sense j
of self-government, or that their trade, thrown open
first
in the fact that the company was able to accom­
to the world, should still remain a field of profit to
plish
such an achievement in face of steadily declin­
the mother country.
The only conclusion is that
ing
rates
for the transportation of passengers and
Spanish genius was unfit for colonizing, and that
goods,
and
secondly in marking and emphasizing the
when its power for conquest was lost its empire was
value
of
the
policy of conservatism pursued in the
certain to shrink to its original domain. It seems to
us that these undoubted facts contain an impressive management of the property which has made the
lesson for some other ambitious Powers which have achievement possible. This conservative policy ex­
been manoeuvring to seize on foreign possessions which tends back a great many years. After the suspension
they cannot colonize, in the hope of walling in such of dividends in 1884 the company at first resumed
dividends in a very small way. And in no year since
markets for the benefit of the home exporter.
Nor is the episode without impressive warnings to then, even those of heaviest earnings and greatest
the United States. Events have proved the Philip­ prosperity, has it distributed more to the shareholders
pine colony to have been Spain’s most vulnerable than 6 per cent. It could easily have shown 10 per
point. On the defensive from the start, she was com ­ cent earned in some of these years. But, as already
pelled to divide her naval armament, with the result stated, the management preferred to put large amounts
that nearly half of that armament is now destroyed in out of earnings into the property, and to charge these
Asiatic waters and the rest unable to cope on equal outlays directly to operating expenses.
The fruits of this action are seen in the events of
terms with its adversary. Such a situation seems to
the
last twelve or fifteen months— in the company’s
us a remarkable comment on the lately urgent demand
ability
to put out a 3£ per cent bond issue and to re­
that the United States begin appropriating distant
tire
a
large
amount of its high-rate bonds in advance
ports and islands for a iSnaval base.” Spain’s single
of
maturity
by exchange for the new issue. The ben­
naval base in the Pacific turns out to be the first step
efits
are
also
seen in the . arrangement made with the
in*her >naval >»vegth£GWise*What'would have been her
Lake ^Shbre >shar&situation had The Spaniidr flag 'iuThuTariffs tffiatkd *N“e # Yoyk f?0eatija^f% which'




May 7, 1898. J

THE CHRONICLE.

8 9

fold ers in effect get 7 per cent on their present hold­ account for the fact that the company had left a
ings of the stock, while at the same time even on surplus equal to 7*57 per cent on the stock in 1897,
'these apparently liberal terms there is the probability against only 6*11 per cent for 1896.
that the Central itself will be able to derive some
The saving in interest charges will ultimately be
profit out of the scheme. The complete pamphlet still larger. Indeed, the report states that on the ex­
report of the company has been issued this week, changes of bonds thus far effected the reduction in anhaying been submitted at the annual meeting, and in ual interest amounts to $618,170, which runs $215,000
view of the developments noted it possesses more ahead of the saving shown in the 1897 income account.
interest than usual.
Altogether, $21,393,500 of the old 7 per cent bonds
We reviewed the figures of gross and net earnings have been exchanged, but this leaves just about as
last December, when the preliminary estimates for the much more still to be exchanged. Through the re­
year were made public, and as the actual results dif­ funding operations the funded debt was increased
fer but slightly from these estimates, it is not neces­ $3,731,500; but turning to the report for the pre­
sary to go at length again over the same ground. It ceding year, it will be found that previously
will be remembered that some disappointment was felt the funded debt had been reduced $6,500,000 through
over the fact that the improvement in the gross re­ the operation of the first mortgage sinking fund.
ceipts (as compared with the year preceding) The payments incidental to the exchange of the un­
was so small.
In our comments we attributed matured bonds amounted altogether (including the
this lack o f a large
improvement in great $3,731,500 increase in funded debt) to $4,012,828,
part to the demoralization in rates which has and thi3 was charged against accumulated surplus, as
prevailed. The traffic statistics, now made avail­ was also the cost of Chicago track elevation, amount­
able by the report, bear out this view.
They ing to $745,509. Even after these deductions, though,
show a further decline in the average rate received, the company still had over 7£ million dollars ($7,551,both on passengers and freight. In the latter case 832) credit to income account-on December 31 1897.
the average is only 5*45 mills per ton per mile, which is
the lowest in the entire history of the company, not
M E X IC A N CENTRAL R A IL W A Y REPORT.
excepting the period of the trunk line war in 1885.
Two facts stand out prominently in an examination
In the year last mentioned the average dropped tem­
of the Mexican Central report.
The first is the
porarily to 5*53 mills, rising again, however, the next
steady, we might almost say marvelous, expansion in
year to 6*39 mills. In other words, the company is
the revenues of the system resulting from the growth
now getting less for the transportation services ren­
and development of Mexico, brought about chiefly
dered by it than it did at the time of the most note­
through the railroads. The second is the increasing
worthy rate war that has ever existed among the
loss and disadvantage arising out of the continued
trunk lines.
depreciation in the price of Silver— the standard of
From this we see how unsatisfactory the rate situa­
values in Mexico and the medium in which the reven­
tion ha3 become. Mr. W. K. Vanderbilt, the Chair­
ues of the company are received.
man of the board of directors, notes that the rate- is
As far as the first point is concerned, there has been
19 per cent less than that received by the road ten
no year when the total of the gross earnings has not
years ago. But if we extend the comparison further
been added to. But the further gain in the late year
back the contrast becomes still more striking. Since
has been by far the most noteworthy of the series,
1870, for instance, the decline has been nearly 64 per
exceeding in amount that of any preceding year. Of
cent— that is to say, the rate now is but little
course the mileage of the system has also been increas­
■over one-third what it was in the
earlier
ing, though in late years only in a small way, and the
period, the average of 5*45 mills for 1897 comparing
ratio of growth in receipts has been much heavier
with 15*04 mills in 1870. Of course this downward
than that in mileage. Here is a table showing the
movement cannot continue much longer without
gross earnings for each of the last thirteen years,
danger of very serious ill results. A t the same time
both with and without the amount derived from the
it is pleasing to think that, in the interval, economies
carriage of construction material; the table also
in operation and the company’s conservative methods
states the average mileage operated each year on which
have made possible a great reduction in the operating
these earnings were based, and the earnings per mile.
•cost per unit of work, so that the income account for
A vera g e
G ross
L e s s eo n st’ n
G ross
E a r n in g s
ilea ge.
e a r n in g s .
m a teria l.
co m m ercia l. p e r m ile.
1897 shows 7*57 earned for the stock notwithstanding T ea r. mMiles.
$
$
$
1 8 8 5 ..
1 2 3 5 -9 0
3 ,5 5 9 ,5 6 0
2 6 ,7 4 1
the unprecedentedly low freight rates received.
3 ,5 3 2 ,8 1 9
2 ,8 5 8
1 8 8 6 ..
12-I5-90
3 ,8 5 7 ,7 0 5
none
3 ,8 5 7 ,7 0 5
3 ,1 2 1
4 ,8 8 6 ,5 7 8
3 0 1 ,3 1 7
It is proper to say that the extraordinary expendi­ 1 8 8 7 .. 12 3 5 -9 0
4 ,5 8 5 ,2 6 1
3 ,7 1 0
1 8 8 8 .1 3 1 6 4 0
5 ,7 7 4 ,3 3 1
4 7 1 ,8 3 1
5 ,3 0 2 ,6 0 0
4 ,0 2 8
1 46 1 -8 5
6 ,3 3 7 ,2 2 5
tures for betterments charged to expenses were smaller 1 8 8 9 ..
4 7 5 ,4 5 1
5 ,8 6 ,7 7 4
4 .0 0 9
1 8 9 0 .. 1 5 2 7 -2 0
6 ,4 2 5 ,6 9 4
3 0 3 ,0 2 0
6 ,1 2 2 ,6 7 4
4 .0 0 9
in 1897 than in 1896, and that this is one reason why 1 8 9 1 . . 1 6 6 5 -l l 7 ,3 7 4 ,5 3 8
4 3 1 ,7 9 8
6 ,9 4 2 ,7 4 0
4 ,1 6 9
1 8 9 2 . .1 8 2 4 -8 3
7 ,9 6 3 ,2 5 3
3 9 7 ,3 7 6
7 ,5 6 5 .8 7 7
4 ,1 4 6
the outcome for the stock is comparatively so fa­ 1 8 9 3 ..
1 8 4 6 -6 4
7 ,9 8 1 ,7 6 8
non e
7 ,9 8 1 ,7 6 8
4 ,3 2 2
1 8 9 4 ..
185 9 -8 3
8 ,4 2 6 .0 2 5
non e
8 ,4 2 6 ,0 2 5
4 ,5 3 0
vorable. The extraordinary outlays enumerated in 1 8 9 5 .. 1859-83
9 ,4 9 5 ,8 6 5
6 8 ,2 5 6
9 ,4 2 7 ,6 0 9
5 ,0 6 9
189 6 .1 8 6 9 -6 0
1 0 ,2 0 8 ,0 2 0
2 0 0 ,4 4 2
1 0 ,0 0 7 ,5 7 8
5 ,3 5 2
the report aggregate this time only $594,459 ; the 1 8 9 7 ..
1 9 5 5 66 1 2 ,8 4 5 ,8 L9
3 1 ,1 9 8
1 2 ,8 1 4 ,6 2 1
6 .5 5 2
previous year the aggregate was $942,525.
Then
It will be observed that on top of the gains in all
also the saving in interest on account of the the previous years there was in 1897 a further increase
refunding operations was an important factor in in amount of over $2,807,000, or about 28 per cent.
the final result.
The figures in the report enable The gross earnings per mile rose from $5,352 in 1896
one to determine the exact part played by that to $6,552 in 1897, the addition in this case being
factor. We find that the gross payment of interest nearly 22£ per cent, which is the most striking evi­
on the funded debt is reported at only $2,716,347 for dence of the growth that has been going on and is
1897, against $3,117,745 for 1896, being $401,398 less. still in progress. The report well says the showing is
«Obviously, therefore, ifeiaimainly the smaller better. a most remarkable^ e»e,^indicatingt¿greatjlindnsMal
outlaws .‘«fid thA smaller dutexesfebbargeS that! afeihsitfjr fl&dhevelOprhent ih th e Republic of Mexico*




880

THE CHRONICLE.

[V ol . L X VI,

All classes of commercial traffic, it is stated* and traf­ correspondingly larger. Put in another form, if this
fic in both directions on all parts of the system, record item had not come in to affect the results, the increasein expenses would have been only $1,776,003 instead
substantial and gratifying increases.
What makes the 1897 growth in receipts particularly of $2,085,198, and the gain in the net would have been
noteworthy is that while on the one hand there were $861,796 instead of only $552,601.
To state that exchange rates were higher is only
some favoring circumstances, on the other hand the^e
another
way of saying that the price of silver again
were also some unfavorable conditions, and the in­
declined
during 3897, thus further impairing the
crease in receipts occurred in face of these latter. The
purchasing
power in gold of the Mexican silver dollar.
rains in Mexico in 1897, it is reported, were the
And
this
brings
us to the second prominent feature in
heaviest that have been known in years, causing oh
the
company’s
return,
as noted at the outset of our
several divisions of the system serious interruptions to
remarks
above,
namely
the increasing loss and dis­
traffic and largely increasing the cost of opera­
advantage
resulting
from
the continued depreciation
tion.
Near Chihuahua the company was put
of
the
monetary
standard
in Mexico. The loss suf­
to an unusual expense in hauling rip-rap and
keeping large gangs of men at work to keep this fered in 1897 on this account was only theBut the depre iation
part of the line open. This is the first time since loss of a single year.
the road was built that any serious trouble oc­ in silver has been going on for years, and hence thecurred at that point. It is estimated that the loss to loss from exchange has been a steadily growing item..
the company in revenue, owing to the interruptions The company realized an average of only 48*24 cents
in traffic during 1897, was fully $300,000 Mexican for its Mexican dollars in 1897, against 53*17 cents in
currency, and that the cost of repairs to the line 1896. As recently as 1893 the average was over 62'
where the interruption occurred will amount to from cents. In like manner, while the average rate of ex­
$32-5,000 to $350,000.
These repairs have entered change in 1897 was 209*39 against 188*65 in 1896, if
only in part into the 1897 results, as the expenditure we go back we find the average only 160*04 in 1893began last October and will extend through the whole and but 128*83 in 1891. We reproduce from the
of the current half-year.
The amount mentioned company’ s report the following table, which shows in
covers the estimated outlays to put the road in a safe a graphic way how the growing premium on gold has.
added to the expenses of the company on purchases
condition against similar future floods.
With $2,637,799 increase in gross earnings during made in the United States.
C ost in

,------------- P re m iu m -----------

C ost in




.

.

.

M ex. c u r r e n c y .
1897 (or, as stated above, $2,807,000 after eliminating
A m o u n t.
T ea rs.
TT. S. M o n ey . A v e r . R a te.
$ 1 ,9 9 8 ,» 3 9 99$ 1 4 6 ,8 4 1 3 9
128*83
1 8 9 1 ...............$ ,5 4 9 ,9 9 8 « 0
construction material), the addition to the net earu- 1 8 9 1................. 11,980,<>65
1 ,9 8 4 ,3 4 2 6 9
5 9 8 ,2 7 7 O l
1 4 3 -1 6
B8
1 ,9 4 1 ,7 4 6 OO7 2 8 ,4 7 5 6 2
1 6 0 -0 4
1 8 9 3 1 ,2 1 3 ,9 7 0 38
ings has been only $552,601, the rest of the increase ) 8 9 4 ___ . . . . . 1 ,0 8 9 ,4 7 2 37
2 ,0 9 9 ,3 0 2 3 5
1 ,0 0 9 ,8 2 9 98
1 9 2 -6 9
1 ,7 5 6 ,5 5 8 3 2
8 2 6 ,8 8 0 93
1 8 8 -9 4
77 49
having been absorbed by augmented expenses. Aside 11 88 99 56 ........... 1 ,0 4982,49 ,6
1 ,9 7 7 ,9 2 3 3 9
9 2 9 ,4 4 2 18
1 8 8 -6 5
8121
3 ,0 3 0 ,9 7 6 3 4
2
0
9
-3
9
1
,5
8
3
,4
4
6
21
from the larger volume of traffic moved, which’ of 1 - 9 7 . . 1 ,4 4 7 ,5 JO 13
The foregoing brings out the fact that in United
course would tend to swell the operating cost, two
other causes have contributed to the enlargement of States money—that is, in gold—the purchases made in
the expense accounts. In the first place the outlays 1897 actually cost less than, those made in 1891, thefor repairs and renewals appear to have been of nn comparison being $1,447,530, against $1,549,998. But.
usual proportions. For maintenance of way and as the purchasing power of the silver dollar has in the
structures, for instance, $748,992 more was spent meantime so seriously declined, it took $3,030 976 of
than in the year preceding, and for maintenance of Mexican money to pay for the purchases in 1897,
equipment $434,226 more. The increase under the against only $1,996,840 in 1891. The loss in the com­
first head arose from heavier general repairs to track parison of these two years, it will be observed, is over
and larger tie renewals, the expenditures for general a million dollars.
This, after all, is only one part of the story. Therepairs having been $271,532 larger than in the pre­
net
earnings remaining (after deducting the operating
vious year. As to the tie renewals> 530,740 ties were
put in the track in 1897, costing $573,120, against expense increased in this way) had themselves to be
only 261,938 in 1896, costing $271,133. Then 5,927 converted into gold at a steadily growing loss in the
feet of wooden trestle bridges were removed during process of making them available in payment of matur­
the year, the amount charged to operating expenses ing interest on the company’s issues of securities. The
for bridge work in 1897 having been $336,671. an in­ result has been rather striking. Notwithstanding tho
crease of $176,412 over the previous year. The report gross earnings of the property have gone on increasing
explains the reason for the exceptional outlays on from year to year, the company has been unable in any*
year since it commenced operation to earn its fixed
bridge account.
There was, however, still another factor which con­ charges without the aid of subsidy money. We may
tributed to increase the expenses— a cause operating suppose that the bondholder looks only at the net
through all the various accounts, adding to traffic and result in gold, b it in so doing, as the report well says,
transportation expenses as well as to the mainten­ he is apt to lise sight of the great growth in the
ance expenses, and even affecting the “ general *’ ex­ earning power which has occurred, as set out abovepenses; we refer to the higher rates on United States The following table indicates what the results would
currency material, and on all purchases made outside have been during the past five years had the Mexican
of Mexico. A statement is given in the report to dollar continued at the 1892 value of 68*26 cents.
A v. p rice
D e fic it i n
R esu lt o n 1 8 9 2
show what the expenses would have been under each
M ex. dot. N et ea rn s.
m e e tin g
b a sis o f E x T ea r.
( c e n ti). M x . O u r’y .
ch a rges.
ch a n g e.
D iffer en c e.
head if the rate of exchange in 1897 had been ]89<......... 62-02 $2,845,587 61 $5*6 400 75 D ef. $160,
*27 1*
$386,073 62
51-87 2.966,350 15
814,184 90 Sur.
75,034 87
889,21977
the same as in 1896, and from this it appears 189*............
19»5............. 52-95 8,896,475 04
265,252 14 Sur.
588 124 30
»53,37644
18ii6 ........... 53-17 3,468,7*7 20
*>'3,01107 Sur.
361,673 64
8*4.48471
638,947 42 Sur,
970,404 91
1.509,35233
that the difference On that account was no less 1S97............. 48-24 4,i l6,848 57
Totals . . . i . . , . . .$17,186,508 60 $1,647,796 28 Sur. $1,834,910'59 $4,482.706 87
than $309,194. In other words/except for the larger
We thus see that^had the value of the Mexican dol­
charge in this way, the expenses would have been less
# # i ^ ^ r ^ s ‘fj3uld have beepA lar remained stable at thé 1892; rate,^therejwouldjhave

Mat 7, 1898. J

THE CHRONICLE.

881

been a surplus after paying charges in each of the
THE SALES OP STOCKS AT NEW YORK STOCK EXCHANGE.
past five years excepting 1893. For the five years
1898.
1897.
combined the surplus would have amounted to $1,834,- Month.
Values.
Values.
Number
Number
910, compared with an actual deficit for that period of
o f Shares
of Shares.
P ar.
Actual.
P a r.
Actual.
$2,647,796, a total difference to the company of $4,$
$
$
$
... 9,290,391 912,564,675 641,911,009 3,365,412 323.774.750 203,587,47*
482,706 in United States money. On the 1892 basis Jan
lfe b .... 8,950,824 873,628,400 656,208,221 2,803,401 266,430,100 171,604,654
there would have been a surplus for the year 1897, March. 10,088,9-8 984,492,750 788,778,585 5,039,916 485.428.750 325,254.505
after paying all charges, of $970,404 in United States 1st qr 28,328,203 2,770,575,825 2,088,897,815 11,208,729 1,075,633,600 706,443,631
currency, instead of the deficit of $538,947 actually April... 5,979,445 666.537,150 443.292,236 3,569.007 335.716,850 229.076.827
The following compilation covers the clearings by months
reported. This surplus, we are told, would have en­ since
January 1,
MONTHLY CLEARINGS.
abled the company to pay a full year’s interest at 3. per
cent on all the income bonds and left for the capital
Clearings, lo ta l All.
Clearings Outside New York.
M m th.
stock $100,704.
1898.
1897.
P.Ct.
1898.
1897.
P .C t .
In view of the prominent part played by this matter
$
$
$
$
of the depreciation in silver in the affairs of the January. .. 6,012,091,463 4,499.443,066 f33-e 2,321,808,73» 1,910,100,734 +23-6
5,552,362,491 3,684,629,935 +50-7 2,036,094,781 1,639.399.756 +24-E
February
property, the efforts making to devise a way to M arch..
5,040,749,785 4,211,070,471 f84-0 2,222,630,352 1,823,958,927 +21-9Ì
counterbalance the loss possess much interest. Presi­ 1st qaar.. 17,205.093,749 12,396,043,472 f33-8 0,580,533,872 5,373,459,417 +22*5
dent Robinson notes that considerable attention has April........... 4,972,386,528 4,106,125,493 4-21*1 2,103,431,503 1.856.858.730 4-13-3
The course o f bank clearings at leading cities of the coun­
been given by the management in connection with
try for the month of April and since January 1 in each of
the managements of other railways in Mexico looking the last four years is shown in the subjoined statement.
BANK CLEARINGS AT LEADING CITIES.
to some means of increasing the ;net revenues of the
-------A p r il.-------,------- Ji in. 1 to A p r i l S 0 .— .
company as an offset to the continued decline in the (9 0 0 ,0 0 0 s
189 8 . 1 89 7 . 1 8 9 6 . 1 8 9 5 . 1 89 8 . 1 8 9 7 . 1 8 9 6 . 1 8 9 5 .
om itted , •
»
$
$
9
«
$
*
$
value. of silver. Finally in August last, by joint N ew Y o r k .. . 2 ,8 6 9 2 ,2 5 0 2 ,3 9 3 2 ,3 7 3 1.3,493
9 ,2 7 1 9 .6 4 5 8 ,8 7 3
B o sto n ....... ..
3 99
403
385
3
8
9
1
,7
8
0
1
,5
8
3
1
,4
6
6
,4 5 5
agreement of the several railway companies, a new C h ica g o ......... 4 41 3 4 7 3 8 8 3 6 8 1 ,7 2 ) 1 ,2 8 5 1 .4 6 8 11,421
253
272
277
d elp h ia
2 8 9 1 ,1 9 6 1 ,0 0 3 1 ,0 9 2 1 ,0 8 0
classification, he says, was prepared and submitted to the 8Pt.h ila
1 17
109
L o u is . . . .
98
1 05
473
434
397
405
83
73
b u r g ...
63
67
330
2 51
2 58
222
Mexican Government for approval. This new classifi­ PB iatltt sim
73
60
57
o r e ...
59
299
241
240
220
68
58
56
54
263
2 14
2 23
211
cation, he states, increases the number of classes and Ban F ra n ’ c o .
53
C in cin n a ti...
55
53
57
214
214
197
200
43
48
47
42
1 85
174
172
1 61
gives an opportunity to assign commodities so as to K an sa s C ity
N ew O rlea n s
34
30
38
174
149
174
15»
39
26
25
28
26
1 02
1 03
118
104
secure to the railway companies some increase in L o u is v ille ...
27
24
M in n eap olis.
33
23
1 24
94
1 09
86
33
25
25
121
23
revenue. The new classification was approved by the C le v e la n d ...
99
99
85
26
23
24
D e t r o it .........
24
111
90
100
97
Government on March 25, 1898. As whatever increase P ro v id e n ce ..
21
22
22
22
87
90
88
88
19
20
M ilw a u k e e ..
18
86
73
79
76
18
in revenue is secured through this revised classifica­ O m a h a .........
24
18
18
92
14
70
61
73
B n ftalo..........
15
17
17
18
65
69
62
70
tion will be a direct gain in net, it is a welcome as well C o lu m b u s ...
18
16
16
16
60
56
69
61
12
•t. P a u l........
62
15
17
15
62
49
70
as an important announcement to hear that the new H
a r t f o r d ....
10
10
11
43
43
9
42
38
11
11
45
11
11
43
47
50
scheme was to go into effect on the first of the present D e n v e r..........
T o t a l .......... 4 ,7 2 0 3 .8 9 9 4 ,0 8 1 4 ,0 5 0 2 1 .1 5 9 1 5 ,6 7 4 1 6,2 76 1 5 ,2 3 2
month.
O th e r c it ie s ..
2 52
914
207
2 18
2 05 1 ,0 1 8
8 27
8L8
Clearings by T elegraph.—Sales o f Stocks, Bonds, &c —
T o t a l a U ... 4 9 7 2 4 ,1 0 6 4 ,3 0 2 4 ,2 5 5 2 2 1 77 1 6 ,5 0 1 1 7 ,1 9 0 1 6 ,1 0 0
The subjoined table, covering clearings for the current week O u tsid e N .Y . 2 ,1 0 3 1 ,8 5 6 1 ,9 0 9 1 ,8 8 2 8 ,6 3 4 7 ,2 3 0 7 ,5 4 5 7 ,2 2 7
usually appears on the first page of the C hronicle, but on
account of the length of the other tables is crowded out
once a month. The figures are received by telegraph from
the leading cities. It will be observed that as compared with
[P r o m o u r o w n c o r r e s p o n d e n t .]
the corresponding week of 1897 there is an increase in the
aggregate of 17*9 per cent. So far as the individual cities are
L ondon, Saturday, April 23, 1898.
concerned, New York exhibits a gain o f 20'2 per cent, and
The breaking off o f diplomatic relations between the United
the gains at other points are: Philadelphia 13-8 per cent,
Baltimore 15-9 per cent, Chicago 33-7 per cent, New Or States and Spain has not had as bad an effect upon the Lon­
leans 6-8 per cent and St. Louis 14-2 per cent. Boston records don Stock Exchange as was generally expected. Partly this
a loss of 5'6 per cent.
is due to the comparative steadiness of the New York Stock
Exchange and partly to the fact that the weakness in Paris,
Week Ending May 7.
CLEARINGS.
which was so evident at the beginning of the week, has not
Return» by Telegraph.
1898.
P er Cent .
1897.
become
intensified, as was apprehended. The impression here
N ew Y ork
...................
+20-2
$635,701,722
$523,866,744
B oston
.. .........................
85,178,111
90,187,652
- 5 - 6 was that from the time of the adoption of the Dingley tariff
Philadelphia ____ ___.
...
until a few months ago there had been so very large a specu"
+13S
53,333,380
51,549,329
B altim ore
. . ...
..........
+15-9
16,137,311
13,924,824
lation in the United States, both in the stock markets and in
Ohioago
...............................
+ 33 -7
110,212,314
82,413,224
commodities,
that when war seemed to be inevitable there
St. L on is ....................... ....
+14-2
26,333,897
23,039,642
N ew Orleans.
....
..
Therefore, for some time past specu­
5,886,812
+ 6-8 must be a sharp break.
5,510,214
Seven eitles, 6 day» ____
$937,833,547
+17-9 lators have been selling. They have been somewhat surprised
$795,491,629
O ther oities, 6 days
161,019,246
+16-7 that New York has not shown as much weakness as they an _
138,000,413
Total all oities, 6 days
$1,098,852,793
$933,492,042
+17-7 ticipated.
A ll oities, 1 day
206,047,693
+190
173,181,655
Here in London there has been exceedingly little specula­
T otal a ll oities fo r w eek
$1,304,900,486
+17-9 tion for many months ; indeed, since last summer.
$1,106,673,697
The po­
Another table, our usual monthly detailed statement o f litical outlook in the far East and in Africa, the disputes w ith
transactions on the various New York Exchanges, has also
been crowded off of the first page. The results for the four France in so many parts of the world, more especially in West.
months of the current year are, however, given below and Africa, the condition of the Turkish Empire and the Balkan
for purposes of comparison the figures for the corresponding States, the continuance of the Caban dispute, the Soudan
period of 1897 are also presented.
operations, the famine in India, the operations on the North
West frontier of India, all tended to discourage enterprise.
Four Months, 1893,
Four Months, 1897.
The great public completely held aloof, every one being un­
Description. P a r Value
Actual
A ver’ge P a r Value
Actual
A ver’g
or Quantity
Value.
Price. or Quantity
Value.,
Price.
willing to engage in new risks. The number of new com
Stock {| h ’S; 3i.307.648
14,777,738
panies and loans brought out greatly decreased, and many o f
*3387102975 } 2530190051 75-8 1 *1,411,349950 ^934,523,458 66*2
B R. bonds.. *265.725,610 *211.29?,9»0 79*5
$134,593,890 *104,887,189 77-9
those actually issued were not subscribed for by the public
G ov’t bonds
*3.243,500
*8,8 53,770 118 6
*6,600,135 122-0
$5,410,600
*463.000
State bonds
*314,045 67-7
*748,600
*436,277 67-2
Even the great rise in American securities did not attract the
Bank stocks
*84,700
$188,287 222*3
$118,960
$221,018 185-8
public.
A certain number o f members of the Stock Exchange
T o t a l..;. *3906625683 $9,745839003 76*1.
*1,552,231900 $1,040660077 67-4
and professional operators bought; but, generally speaking
Cotton, .bis. r>,092,000 $306,424,855 $30*26
9,249,700 $326,654,965 $35-32
Grain.bush. 395,541,270 $363,618,291 92c.
464,705,072 *354,726,629 78 l& L the public held a lo o f
Consequently, when the Cuban ques T otal vaine.
$3,.415077239 i* OJL >
*1,728041671
tion became grave, there was a-y'ery i&hall bull atecotmt in




ptouetarijf (frommetxial

B82

THE CHRONICLE

London, and that account has been materially reduced since
then.
So far as London itself is concerned then, there ought
to he no trouble. And there w ill be no trouble if bank­
ers show reasonable J consideration to their Stock Ex­
change customers, and if the Stock Exchange does not make
unusual difficulties about carrying over. But, as already
said, the impression here is that there is still a very large
bull account in New York, and that the actual beginning of
war must make money so dear that a good deal o f the ac­
count will have to be closed, and consequently that there
must be a sharp fall in securities; especially as it is argued
hat great Government borrowing w ill necessitate the ca ll­
ing in of loans by the banks. So far, however, the fall has
been much slighter than was looked for; and, indeed, on
Thursday and yesterday the market was stronger than any­
body anticipated.
A still more anxious feeling exists regarding the Paris
market. It is generally estimated by well-informed people
in Paris that French investors hold about 160 millions sterl
ing worth of Spanish securities, governmental and industrial.
But it is clear that if Spain really fights, if she does not
simply make a show of fighting to preserve her honor, but
enters upon a bitter and protracted struggle, she must be
made bankrupt. Her finances are in a desperate plight
already, and to maintain such an army and such a navy as
w ill be required to resist the United States w ill compel her
to suspend the payment of interest upon her debt—at all
events in cash. .She may of course pay in paper. In the
expectation of this, Spanish fours* which were about 64 a
few months ago, have been dealt in this week at as low as 30.
Supposing that Spain has to default and has to issue incon*
wertible paper on a great scale, there is no knowing how the
note may depreciate. And it may therefore become impos­
sible for many industrial securities to pay the interest on
their bonds. All that will tell, of course, most heavily upon
Spain, where the bulk of the securities are held. But it will
tell very heavily, also, upon France, which, of all foreign
countries holds by far and away the most of Spanish Securi
ties. Many good observers claim that there is but little spec'
ulation in Spanish securities in Paris. The loss, therefore,
they say will fall upon investors, but will not materially af­
fect the stock markets That, however, depends obviously
upon whether the Spanish Government has been financed to
any considerable extent by Paris houses. Spain borrowed a
great deal at home to carry on the operations in Cuba and
the Philippines. But there is a strong impression that she
was aided considerably by certain great houses in Paris. And
i f she was there is anxiety as to what may be the effect upon
those houses.
So far, then, as the London market is concerned, the chief
danger from the outbreak of war comes, or is believed to
come, at all events, from the risk of a great fall in New York,
and still more from the risk of serious failures in Paris. At
the beginning of the week Paris sold in London on a very
large scale not only Spanish Government bonds, but also
other securities which are largely dealt in upon both markets,
such as the shares of the De Beers Mining Company and of
the R io Tinto Copper Company. But during the last few
days the selling has greatly decreased and it is possible, of
course, that the worst of the difficulty is over.
For the time being attention is almost entirely absorbed
by the Cuban crisis. One hears scarcely a word either in
the city er in political circles about the Far East. Even the
danger of an insurrection in Macedonia is forgotten. The
negotiations with France respecting West Africa are disre
garded. And but little is said of the state of South Africa.
Yet it is noteworthy that Mr. Rhodes has again been elected
a director of the Chartered Company. A few weeks ago he
was re elected a member of the Cape Parliament, and there
is a very general impression in South A frica that before
very long he w ill once more be Premier o f Cape Colony.
Immediately af:er his re-election he returned to England.
He attended the meeting of the Chartered Company on
Thursday, where he received an enthusiastic reception and
was unanimously re-elected a director of the company. He
made a very sanguine speech, declaring his conviction that
Rhodesia is rich in minerals and will be a most valuable
acquisition to the British Empire.
There was a pretty general expectation on Tuesday and
Wedne day that the directors o f the Bank of England would
on Thursday raise their rate of discount to 5 per cent. So
strong, indeed, was the belief in the outside market that the
rate of discount was raised to 4 1 16, and in many cases bills
were taken even at that rate only with the proviso that more
should be paid if the Bank rate should be put up. The

L X ' I,

fact tnat half a million sterling had been received in gold by
them during the week from abroad, and that a considerable
sum had likewise returned from the internal circulation, so
that the reserve had been largely strengthened.
Another consideration no doubt was that the Government
of Japan had agreed to accept from the Government of China,
in part payment of the indemnity, two millions sterling in the
bonds of the new Chinese loan issued here a few weeks ago.
It will be recollected that the loan was brought out by the
Hong Kong and Shanghai Bank, that it was completely un­
derwritten. but that when offered for public subscription the
public subscribed only to a very small extent. It need hardly
be said that it is a great relief to the underwriters to get two
millions sterling out of the eight millions sterling taken off
their hands by the Government o f Japan. And no doubt it
will prove profitable to Japan by and by. as the act will be
remembered to its credit by the city. While it is obvious
that Japan in continuing a creditor of China retains influ­
ence at Pekin. The actual amount which would have had to
be paid by the underwriters to the Chinese Government, if
the whole had been taken in cash, would have been about 1%
millions sterling. The action of Japan reduces it to about
5 ^ millions sterling, an<jl thus relieves the outside market.
Still, at the beginning of May the indemnity will have to
be paid into the Bank of England. The Bank will then get
control o f the outside market and will be able to make the
five per cent rate effective if it is necessary to adopt that
rate. Meanwhile gold is coming in considerable amounts
from the Continent, Egypt, Japan, South Africa and Aus­
tralia, and whether the rate will have to go up depends
largely upon what will be the demand for the U nited States.
There is a certain demand still in the outside market, but no
gold has been taken out o f the Bank of England for some
time past.
The Bank o f Madras has reduced its rate of discount from
12 per cent to 11 per cent. But the rate in Bombay remains
13 per cent, and in Bengal 12 per cent, and apparently in
both cities the stringency will continue for some time yet.
The India Council offered for tender on Wednesday 50 lacs.
The applications amounted to nearly 139 lacs, and the whole
amount was allotted, rather more than 14 lacs being in bills
at Is. 3 31 32d, and Is. 4d. per rupee, and nearly 38 lacs in
transfers at Is. 4 1 16d. and Is. 4 3-32d. per rupee. On
Thursday 2 lacs of transfers were sold by special contract
at Is. 4 3 32d per rupee, and on Friday 5% lacs in transfers
were sold at Is. 4 3-32d. and a small amount in bills at
is. 4d. per rupee. Next week the amount to be offered has
been increased to 60 lacs.
The Chancellor of the Exchequer made his budget state­
ment on Thursday night. After reducing taxation by a little
over a million and a-half sterling, he estimates the revenue
for the current year at £107,110,000 and the expenditure at
£106,829,00 \ showing an estimated surplus of £281,( 00. The
duty on tobacco is reduced from 3s. 2d. per pound to 2s. 8d.
per pound, estimated to cost the revenue over £1,100,000.
The other abatements are in the form of concessions in in­
come tax, for those whose incomes vary from £400 to £700
per annum in relieving from land tax small properties valued
at less than £5, and also in relieving wives and husbands
who survive from paying death duties on property settled at
marriage.
. .
The following return shows the position of the Bank of
England, the Bank rate of discount, the price of consols,
&c., compared with the last three years:
1898.
Apr. 20.

1897.
Apr. 21.

£

£

C irculation ............................... . «7,832,075
Public deposits ............................ 12,075,148
Other d ep osits.... ..................... 30,620,009
Government securities................ I3,l91,t53
Other securities............................ 31,239,218
Reserve o f notes and co in ........ 19,088,003
Coin & bullion, both departm’ts 30,270,078
Prop, reserve to liabilities.p.ct.
39%
Bank rate...... . ............ p e rce n t.
4
Consols, 2% per c e n t... . . . . . . . .
110
Silver............................................ 25 15-183.
Clearing H ouse returns........... 168.810,000

1890.
Apr. 22.

£

1895.
Apr. 24.

*

27,290,895 20,039,160 85,978,090
11,650.693
11,037,888
8,251,490
38,850,267 50,135,815
33,5:8.935
13,842,580
15,206,600 12,785,231
28,701,528
28,159,257 18.460,563
25,801,153
38,629,5(0 28,313,592
80,292,048 47,838,038 37,492,282
5015-10
001-16
079-16
2%
2
2
1H%
112%
10;%
28%d.
31d.
*30 9-16d
92,332,000 132,205,000 113,764,000

* April 25.

The Bank rate of discount and open market rates at the
chief Continental cities have been as follows:
Apr. 22.
Rates of
Interest at
Paris.................
B erlin .............
Hamburg . . . .
Efrankfort ...
Amsterdam ...
Brussels.........
Vienna .. ■
St, Petersburg.
Madrid ,.. ■•
Copenhagen ..

Bank
B ate.
2
4
4
4
3
3
4
5%
5
4

Open
Market
2
m
m
3%
2%
2%
8%
4%
4
4

Apr 15.
Bank
B ate.
2
4
4
4
3
S
4
5%
5
4

Open
Market
m
8%
3%
s%
3
2
3%
4%
4
4

Apr . 1.

Apr. 7.
Bank
B ate.
2
3
3
3
3
3
4
5%
5
4

Open
Market
1%
2%
2«
2%
2H
1%
8%
m
4
4

Bank
Bate
2
3
3
3
3
3
4
6%
5
4

Open
Market
m
2U
2M
m
2%
m
m
m
4
4

"Messrs. Pixley & A bell write as follows under date of
April 21:
G o ld .—T h e re h a s n o t b e e n q u ite a s b r is k a d e m a n d d u r in g t b e w e e k ,

toj&ak^ rMfcaai.aiftivaisiBoutinuei to ¡1» , taken *en?«s;povt ita

' n(Tch^ange. Partly, no’ doubtrthey~ were influenced b y the




(V O L

States

‘ ■ B a n k h as m a d e n o 'c h a n g e i n t h e d is o o u n t T a t e ; a n d h a s u -e ce rv e d -sin e e

o u r la s t £ 7 2 1 ,0 0 0 , c h ie fly fr o m G e r m a n y a n d E g y p t . £ 1 0 0 ,0 0 0 ' h a s
b e e n w it h d r a w n , m o s t ly f o r N e w Y ork . S h ip m en ts t o B o m b a y , £ 7 ,600.
A r r i v a l s : C a p e to w n , £ 2 3 0 ,0 0 0 ;
B ra z il, £ 1 0 ,0 0 0 .
T o ta l,
£ 2 4 0 ,0 0 0 .
S ilv e r.—T h e re h a s b e a n a g o o d in q u ir y f o r fo r w a r d s ilv e r , a n d o w in g
t o t h e sm a ll a m ou n ts offerinsr, fo r w a r d d e liv e r ie s a re n o w q u o t e d o n ly
% d . u n d e r “ S p o t.” T h e “ S p o t” s u p p lie s h a v e n o t b e e n la r g e , a n d w ith
A m e r io a w ith h o ld in g sales, t h e p r ic e h a s r e m a in e d a lm o s t u n ­
ch a n g e d s in c e o u r la st. T h e In d ia n p r ic e is n o w R s. 6 6 % p e r 1 0 0
T o la h s .
S h ip m en ts: B o m b a y , £ 1 4 6 .2 0 0 ; C h in a , £ 4 5 ,7 7 0 .
T o t a l,
£ 1 9 1 ,9 7 0 .
A r r iv a ls : N ew Y ork , £ 9 1 ,0 0 » ; C h ili, £ 2 7 ,0 0 0 . T o t a l,
£ 1 1 8 ,0 0 0 .
M e x ic a n D o lla r s .—T h e r e a re n o m o v e m e n ts t o r e p o r t .

Gold.
L o n d o n S ta n d a rd .

A% :

B a r g o ld , f l n e . . . . o z .
B a r g o ld ,p a r t in g .o z .
U .S . g o ld o o l n .. .o z .
G e r m ’ n g o l d o o in .o z .
F r e n c h g o ld o o in .o z .
Jap an ese y e n — oz.

A pr.
14.

A pr.
21

Si l v e r .
L o n d o n S ta n d a rd .

8. d. *. d.
7 9 10% 7 7 1 0% B a r s ilv e r , fin e .. .o z .
7 7 1 1% 7 7 1 1 % B a r s ilv e r , c o n t a in ’ g
d o 5 g r s. g o ld .o z .
76 8 76 8
d o 4 g r s. g o ld .o z .
76 6
76 6
d o 3 g r s . g o ld .o z .
76 6
76 6
O a ke s i l v e r .. . . . . o z .
76 6
76 6
M e x ic a n d o lla r s .o z .

A pr.
14.

267, e
26%
2 6 l,„
271516
25%

267,6
26%
261,6
2 7*6 ,«
26

1 8 9 4 -5
4 4 ,0 5 2 ,8 6 6
1 8 ,2 12 ,5 4 4
8 ,6 4 9 ,4 2 7
1 ,5 9 4 ,3 7 9
2 ,8 3 4 ,8 2 2
1 6 ,7 5 6 ,7 1 4
1 2 ,5 5 6 ,3 9 0
s t o c k s OB

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

Supplies available for consumption (exclusive of
September 1):
1 8 9 7 -8 .
1 8 9 6 -7 .
W h e a t im p o r te d , o w t .4 0 ,1 9 3 ,1 1 0 4 3 ,7 4 2 ,6 3 0
I m p o r ts o f flo u r ..........1 4 ,1 1 0 ,3 8 0 1 4 ,5 8 8 ,6 7 0
S a les o f h o m e -g r o w n .1 8 ,4 4 9 ,5 0 5 1 7 ,2 6 7 ,6 9 3

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

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

T o t a l....................... .7 2 7 5 2 .9 9 5 7 5 ,5 9 8 ,9 9 3
1 8 9 6 -7 .
1 8 9 7 -8 .
2 7s. Od.
A v e r , p r ic e w h e a t, w i »ek.35s. 3d .
2 9s. Od.
A v e r a g e p r io e , seas m ..3 4 s . 2 d .

6 6 ,0 8 0 ,9 8 1
1 8 9 5 -6
24s. l i d .
2 5 s. 0(1

7 1 ,3 9 2 ,2 3 1
1894-5.
2 0s. 4 d .
1 9 « lO d .

E n g l i s h F i n a n c i a l m a r k e t s —P e r C a b l e .

The daily closing quotations for securities, etc., at London
are reported by cable as follows for the week ending May 6 :
Sat.

L o n d o n ..

¡io n .

T u et.

Wed.

257s
S ilv e r, p e r ou n >a — .d . 255,6
26b«
111%
C o n s o ls ., n e w , 2 % p .o ts. 1 1 1 %
1 1 1 * ,«
111%
F r’ c h r e n te s (i a P a ris) fr. 0 2 -3 7 % 102*70 0 2 -8 7 %
12
A to ll. T o p . & S a n ta F e . 1078
2778
Do
do
p r e f. 2578
84%
C a n a d ia n P a c iflo ............ 8 3 %
20
18%
94
O hio. M ilw . <te St. P a u l. 8 9 %
45%
D e n v . & R io G r ., p r e f .. 4 3 %
1 2%
ttrie, c o m m o n ................. 1178
35
1 s t p r e f e r r e d ............... 3 3
1
0
3%
101
%
I llin o is C e n t r a l...............
1 86
185
5
2
%
4
9
%
L o u is v ille <fc N a sh v ille .
Q
w
64%
M e x ica n C en tra l, 4s .. 63
A
11
M o. K a n . & T e x ., c o m .. 1 0 %
1 16 %
N . Y . C e n t’l & H u d son . 1 1 2
w
15
N. Y . O n ta rio & W e st’ n 1 4%
48%
N o rfo lk & W est’n , p re f. 4 6 %
w
26%
N o rth e rn P a ciflo, c o m .. 2 4 %
67%
P r e fe r r e d ....................... 6 3%
m
59%
58%
P e n n s y lv a n ia ............ .
878
8%
P h ila . & R e a d ., p e r s h ..
20%
P h il. & R ea d ., 1 st p r e f. 19 78
1078
P h il. & R e a d ., 2 d p r e f. 1 0 %
8%
7%
S outh’ n R a ilw a y , c o m .
26
28%
21%
19%
56%
Do
n e w p r e f .. 5 3%
17%
W a b a sh , p r e fe r r e d ........ 1 5 %

$

T h u rt.

26
JI l 6 , e l l l ' H
1 1 1 » ,« 111%
0 2 -9 7 % 0 2-9 2 %
1178
12%
28%
85
84
5-0%
9 37 b
9 4 78
47
127 b
13
34%
35
104%
103%
186%
52%
53%
64%
65
11%
1 17
iïé %
1 5%
50%
26%
67%
59%
59%
9%
9%
20%
11%
8%
’ 28%
22%
5 7%
1 7%

........

F ri.
2573
11013,«
111
0 2 -9 2 %
12
28%
85%
21
95%
47%
1 3%
35%
104 %
53%
65
1 1%
117 %
15%
50%
67%
60
9%
2 2%
11%
8%
2 8 7a
22%
58%
17%

(ftarawerciat nud I^Iscellatte ungears
I mports and Exports for the W eek .—The lollow ing are
the imports at New York for the week ending for dry goods
April 28 and for the week ending for general merchandise
April 29 also totals since the beginning of the first week
in January.
FOREIGN IMPORTS AT NEW YORK.
1898.

1897.

1896.

1895
$ 2 ,2 2 4 ,1 8 6
6 ,9 8 9 ,0 6 2

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

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

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

T o ta l.. ... .
S in ce J a n . 1 .
D r y g o o d s ........
Gen’l m e r’ d ise

$ 8 ,8 0 8 ,0 6 6

$ 1 4 ,7 8 6 ,1 8 0

$ 8 ,2 7 0 ,7 5 4

$ 9 ,2 1 2 ,2 5 1

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

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

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

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

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

T o t a l 17 w eek s $ 1 5 3 ,6 3 9 ,4 8 2 $ 1 7 8 ,6 2 8 ,8 9 3 $ 1 6 6 ,6 8 1 ,9 4 1 $ 1 7 4 .8 2 1 ,7 5 6

Tne imports of dry goods for one week lattr will be forma
our report of the dry goods trade.
The following is a statement of the exports (exclusive of
Specie) from the port of New York to foreign ports for the
week ending May 2 and from January 1 to date:
in

EXPORTS PROW NEW YORK FOR THE WEEK.

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

1 89 8 .

1897.

1896.

1895.

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

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

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

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

w e e k s $l61v8?9<88Í*i $3 2 8 j7 7 * ,5 S l $ 12 8 .4 B 0 l3 8 ft $ 1 1 6 .3 6 9 .1 7 7




EXPORTS AND IMPORTS OP 8PBOIB AT NEW YORK.
E xp orts.

Im p o r ts.

B old
W eek.

S in ce J a n .l .

Glreat B r ita in ...........

$200

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

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

4 ,4 5 8 ,0 4 0

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

S in ce J a n . 1 ,

9 5 ,9 4 2
292

$123, Í5 3

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

W eek.

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

South A m e r io a ........
All o t h e r c o u n t r ie s .

d.
d
251^16 251618

The follow ing shows the imports o f cereal produce into
the United Kingdom during thirty-three weeks of the season :
IMPORTS.
1 8 9 7 -8 .
1 8 9 6 -7 .
I m p o r ts o fw h e a t ,o w t .4 0 ,1 9 3 ,1 1 0 4 3 .7 4 2 ,6 3 0
B a r le y .............................. 1 4 ,7 7 5 ,« 9 4 1 6 ,0 9 9 ,8 9 0
O a ts ....................
9 ,6 4 9 ,7 6 0 1 1 ,0 0 ^ ,2 4 0
P e a s .................................. 1 ,6 9 9 ,3 8 0
2 ,2 5 7 ,2 8 0
B e a n s ...................
1 ,8 4 8 ,3 2 0
1 ,8 8 4 ,9 ? 0
In d ia n c o m .................. 3 1 ,8 2 8 ,6 6 0 3 9 ,9 3 8 ,7 8 0
F lo u r ................................ 1 4 ,1 1 0 ,3 8 0 1 4 ,5 8 8 ,6 7 0

The follow ing table shows the exports and imports o f
specie at the port of New York for the week ending April 80"
and since January 1, 1898, and for the corresponding periods
in 1897 and 1896.

G e r m a n y ............... .
W est I n d i e s ..............

The quotations for bullion are reported as follows:

F o r w eek .

88$

THE CHRONICLE.

May 7, 1898.]

E x p o rts.

Im p o r ts .

S ilv e r•
W eek.

S in ce J a n .l .

W eek .

S in c e J a n . 1,

G reat B r ita in ............
F r a n c e .........................
G e r m a n y ...................
W est In d ie s ................
M e x i c o .......................
South A m e r io a ........
A ll o th e r co u n trie s

$ 7 5 9 ,0 4 0 $ 1 3 ,1 4 7 ,7 9 1
4 4 9 ,0 0 0
410
" 3 ,7 7 6
2 3 1 ,0 5 2
1 4 ,1 5 9
1 7 5 ,8 0 2
2 22
8 22

$ 7 ,4 7 0
1 ,5 0 0

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

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

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

2 ,2 5 8
8 2 ,6 5 7
5 ,9 0 0

$ 1 1 ,5 8 7
2 3 ,7 3 2
5 29
1 3 5 ,7 8 3
4 6 9 ,2 8 0
3 1 2 ,6 0 5
1 5 ,7 7 7
$ 9 6 9 ,2 9 3
7 4 8 ,8 4 8
8 3 5 ,3 6 2

Of the above imports for the week in 1898 $2,865,883 were
American gold coin and $2,053 American silver coin. Of the
exports during the same time $5,000 were American gold coin.
New York City, Boston and P hiladelphia Banks.—Below
we furnish a summary of the weekly returns of the ClearingHouse Banks of New York City, Boston and Philadelphia.
The New York figures do not include results for the non­
member banks.
BANES.
N . Y .*
Apr
1«..
it 23
30..
B o « .*
A p r 16..
23..
If 30..
P h i l a .*
A p r 16..
23..
y 30..

M

Cavitai A
Surplus.

Loan.».

Spsei«.

Legals.

$
133.281,8
133,281,8
133,281,8
133,281,8

$
587,783,3
580,085,4
572,646,3
670,198,1

$
1429770
1475314
1554172
1583928

$
59,513,7
55.694.5
53.412.2
50,737,7

68,587.3 176,385,0 11,835,0
68,587.3 173,173,0 12,307,0
68,587,3 171,690,0 13,596,0
35,388,0 112,745,0
35,388,0 112,009,0
35,388,0 111.209,0

Oeposlls.i Oire’Vn. Clearings.
$
669,836,9
663.519,3
061,217,2
658,503,3

S
13,884,1
13,939,1
14,079,9
14,254,2

$
665,828,3
630.947,7
628.183.3
631,653,6

8,431,0 176,787,0
7,835,0 176,539.0
6,889,0 172,618,0

5,704,0
5,792,0
5,880,0

93.153,0
83,409.7
83,000,8

121,206,0
120,111,0
118,218,0

5,813,0
5,815,0
5.963,0

66.125,2
67,344,4
54,149.3

35.272,0
35,022,0
33,707,0

New York City Clearing Honse Banks.—Statement of co n ­
dition for the week ending April 30, bi3ed on averages o f
daily results We omit two ciphers (0 0 ) in all cases.
BANKS.

C apitali S u rp l’s L o a n s .

S p ecie.

$14,240,0 $3,490,0
Bank o f N ew Y o r k .. $2,000,0 $1,867,4
2,050,0 2,100,8 14,195,0 4,581,0
11,296,2 2,683,7
Merchants’ ............... 2,000,0 1,031,9
2,000,0 1,981,8
9,183,0 2,274,0
1,500,0 2,597,2 19,536,7 5,192,9
236,3
673,0
3,780,0
1,000,0
1,000,0 3,867,3 54,242,7 26,478,5
O ity ...........................
113,3
378,3
3.268,9
750,0
300,0 6,988,4 23,979,3 6,670,7
163,9
996.8
4.749.0
600,0
Merchants’ E x ch ’ge
6.555.0 1,024,6
Gallatin...................... 1,000,0 1,710,4
165,7
1,066,4
267.8
300.0
Butchers’ * D rov’rs’
228,5
2.020.0
408,0
400.0
Mechanics’ * Trad’s’
163,4
883,5
106,2
200.0
477,9
3.615.7 1,200,6
600,0
Leather Mannf ac’rs’
99,1
1.821.8
424,1
300,0
495,7
353,4
3,501,8
State o f N ew Y o r k .. 1,200,0
2,585,9
25,590,0 3,584,0
0
American E xchange 5.000.
3,527,5
24,299,2 4,636,9
0
C om m erce................. 5.000.
1,565,8
5,711,3 1,180,6
1.000.
0
8,813.4 1,481,5
Mercantile — .......... 1,000,0 1,005,8
465,4
982,2
2,597,3
422,7
836,0
4,763,1
13,821,6
1,500,0
R e p u b lic...................
980,3
738,4
6,742,3
450,0
250,8
312,9
1,960,5
200,0
551,5
9,449,1 2,029,8
700,0
North A m erioa....... .
1,000,0 2,219,6 22,224,1 9,167,3
348,8
3,293,0
411,9
500,0
377,1
2,401,6
562,5
600,0
264,3 .2,509,6
473,3
500,0
998.1
6.451.4 1,178,5
900.0
Market & F u lto n ...
163,7
791,8
3,501,1
Shoe * L eather....... 1,000,0
8.524.5 2,173,3
born E xch an ge....... 1,000,0 1,314,0
221.1
4,767,9 1.203,0
1,000,0
406,3
1,817,3
181,0
300.0
im porters’ * Trad’rs 1.500.0 5.587.5 20.592.0 7,847,0
3.240.5
33.684.0 12,705,0
2,000,0
148,4
272,1
1,255,9
250.0
3.200.0 2,033,6 17,087,2 4,523,3
488,2
8,763,0 2,612,0
1,000,0
695,0
5,591,0 1,116,0
300.0
281,8
585,2
3,197,0
750.0
500.0 7,567,6 27,201,7 5,906,5
66,9
1,372,8
240.8
300.0
NT. Y. N at’l E xch ’ g e.
618,8
623.9
3.082,0
250.0
420.6
3.169.6
706,7
200.0
New York C o u n ty..
285.7
546,5
2.848.6
750.0
Gherman A m erican ..
1,000,0 1.068,3 21,297,0 7.939,6
7,441,9 2,271,4
100.0 1,113,8
Fifth A venu e............
169,2
2,287,4
570,7
200,0
German E x ch an ge..
585,7
711,4
3,473,0
200,0
6.173,1 1.614,2
690,8
300.0
6,281,7 1.272,0
827,1
200.0
423,9
1,818,5
307,9
Fifth.................. .........
200,0
816,8
4,740,7 1,438,3
300.0
Bank of the M etrop.
320.0
2.460.0
341.1
200.0
West Side............ .
7.654.0 1,485,0
335,5
500.0
S e a b o a r d ............
1.765.0
342.2
266.0
200.0
648,7 21,877,6 4.684,2
W estern. . . . . . . . . . . . 2.100.0
5,374,0
946,9
505,1
300.0
First Nat. B ’ k ly n ...
847.6 11,689,0 2,7 % ,5
Nat. U nion B a n k ... 1,200,0
587,5
2,931,9
302.6
500.0
Liberty ......................
314,6
3,443,1 1,658,8;
N. Y. Prod. E x ch ’g e. 1,000,0
609,8
277,51
2,536,2
250,0
Bk.of N. Amsterdam
B ill

yo

b^>ry^Tnrrr

L e g a le . D e p o tt
$890,0 $14,950.Ç
1.303.0, 17.017.0
1.163.4 13.502.S
909,0
9,009.2
1,314,9 23.247.?
380,0
3,680,2
1,708,2 77,228,?
217,8
3.075,£
1,991,2 25.419,8
5,199,8
230,9
1,166,3
6 ,7 4 a *
119.4
1,278»*
2116,0
2,204.?
189.4
842,*
8,703.8
156,7
2,137.3
90,2
2,624,8
175.2
2,370,0 20,446,2
1,890,5 20,503,0
157.2
5,025,*
9,689,6
1,204,0
3,512,2
322,1
269,6 16,529.*
5,617,2
694,9
2,448,3
250,0
675,3 10.768,1
2,074,2 81,590,5
3,374,0
443,0
2,660,0
114,4
3,247,0
390,9
440,1
5,762,6
3,925,0
247,3
940,0 10,148,1
5,582,5
338,7
1,870,0
428,7
1.392.0 23.635.0
2.698.0 44.614.0
1,220,3
74,7
4.805.6 21,426,9
547,0 11,276,0
715,0
6,604,0
260,8
3,414,1
673,5 26.185,8
11.1,0
1,287,2
316,1
3,513,0
353,4
3,873,6
321,3
2,822,0
3.477,6 30,087,6
965.5
9,556,g
651.6
3,168,9
531,4
4.499.2
186,6
6,777,9
303,8
6.241.6
143,2
2,065,6
747,7
6,268,0
347,0
2.636.0
1,213,0
9.507.0
91,0
1.447.0
2,593.2 25,809,0
1,026,0
5,628,0
471,2 12,463,6
206,1
3,055,7
132,7
8,305,8
119,2
2,756,2

THE CHRONICLE.

884

R eports o f Non-Member Banks.—The follow ing is the
Statement of condition of the non-member banks for the
week ending April 30, based on averages of the daily results.
_____ ___________.
W e omit two ciphers COO) in all cases.
BANKS.
(OOs om itted.)

Deposit, with
Net
Leo. T.
Loansâc
De­
Invest- Specie. & B ’k Clear'Q Other
Notes. Agent. Bks.Ac posits.

Cavi­
tai.

j N e w Y o r k Ci t y .
A stor P la ce ............
C olon ial.........
C olu m bia.................
E leven th W a r d ....
. F ourteenth Street.
F ranklin N ational.
O a n sevoort............
H a m ilton ...............
H id e A Loath. Nat.
H om e........................
H udson E lv e r.......
M ou nt M orris.......
M u tu al....................
N ineteenth W ard .
P l a z a . . . . . . . ............
R iverside.................
S ta te .......................
T w elfth W a rd .......
i Tw enty-third W ’d.
U nion Square.........
Y o r k v ille . . . . . . . . . .
A stor N at’l B an k ..
Brooklyn.
B edford............... .
B road w ay...............
B rook lyn .................
i E ighth W a rd .........
: F ilth A v en u e.........
F u lt o n .....................
K in gs C o u n t y ......
M annfaot’rs’ N at’l
M echanics...............
M ech’ s* * Tradr’ s’
N assau N a tion a l..
N ational C ity.........
N orth Side............ .
P eople’ s...................
Queens Co. (L.I.C .)
S oherm erhorn.......
Seventeenth W ard
Sprague N ational..
T w enty-sixth W ’d.
U nion.....................'
W allabout...............
O t h e r Cit ie s .
1st Nat., Jer. C ity.
H u d . Co. N at. J. C.
2d Nat., Jer. C ity ..
Sd N a t , Jer. C ity ..
1st N at., H oboken.
. 2d Nat., H oboken.
B ank o f Staten Is l.
1st N at.,Staten IsL

250.0 355.6
100.0 48.6
300.0 185.8
100.0 112.6
44.1
100,0
200,0
9,3
200,0
24.3
200,0
94.5
500.0 140.2
100.0 81,8
200,0 186.8
82,0
250.0
200.0
94.7
22.3
100,0
100,0 105.7
100,0
94.3
65.0
100,0
200,0 148.7
100,0
42.8
200,0 269.9
100,0 114.5
1
300.0
110.3
115.7
165.3
81.0
51.2
180.9
78.9
397.1
426.9
189.2
562.9
539.7
108,1
106,0
117.6
58,8
66.2
206.9
51,2
48,1
100,0 31.5

150.0
100.0
300.0
100.0
100,0
200,0
150.0
252.0
500.0
100.0
300.0
300.0
100.0
100,0
100,0
100,0
100,0
200,0
100,0
100,0

2,509,1
706.7
1.857.0
1,200,8
721.8

866,0

669.1
1,168,9
2,102,6
611.8
1.133.0
1.374.0
989.5
682,0
1.180.4
701.1

$

$

$

31,8 167.4 105,0 2.561.0
167.4
777,1
67.6 101,0
12.3
1,916 0
147.0 142.0 139.0
1,520,9
68.9
89.0 253.0
953.7
17.7 130,3 163.6
1.140.0
120.0 26.0 400.0
624.0
65,1
9.3
3,5
57.6
1.230.1
85.0
63.4 103.9
1.674.2
315.4
60.7 172.3
593,4
22,4
51,6
47.6
83.1
1,121,0
28,0
72.0 154.0
76.1 100,0 1.598.0
66,6
75.7
1,6 990.1
26.5
93.1 217.6
815,9
6,8
26,3
98.6 109.9
1.205.1
66.4
141,2
679.8
71.5
37.8
87.0 139,0 1.452.0
43.0
76.2 1.415.3
76.6
83.7
815.6
95.2
49.6
77.9
2.336.6
56.2 196.9 197.9
1.195.4
109.4
98.4
74.2
1,00.>,4
53,9
110.3 140.0

:ii
aas
666.1
as
2.034.4
1,134,8
1.039.4

33.6
27.1
81.8
10,0
26,0
57.1
38.9
195.4
83.5
40,8
886.1
3.411.0 215,0
86,0
2.159.0
10.5
1.347.3
44.0
783.8
1.535.8 228.5
28.1
693.8
6,7
391.7
95.3
1.062.4
12.7
357.7
6.4
284.4
16.8
467,6
1.044.0
1.178.7
1.292.0
256.8
548,4
942.6
611.3

Essi

61.2
124.9
49.3
17.7
21.5
38.1
29.6
231.5
137.6
28.9
211.0
363,0
61.6
40.3
301.7
19.3
36.7
15,5
21.1
12.7
38.9

85.0 1.149.6
108.5
1.313.2
139.1
37,6 1.332.2
177.3
232.8
10.0
49.0
609.3
24,8
47.5
805.1
72.7
578.8
73.6
2.526.5
467.1
2.110.1
156.2
839.7
62.1
18,7
82,0 3.791.0
639.0
442.0 193.0 2.769.0
1.282.3
53,4
900.8
63,4
92.8
278.2 114.1 2,267,8
606,6
117.0
879.0
113.4
965.0
11,0
235.0
399.9
77,9
32,0
247.3
50,0
31.9
509.4
54,3
59.6
4.043.0
1.992.0
1,823,9
904.1
1,400,5
701.9
468.2
556,0

3.869.4 133,9 227,3 394,5 310,5
64.9 151.4 214,3
2,135,6 101,6
60,9
54.9 209,8
1.610.4
28.7
932.6
68.5 182.5 101,8
26,4 138.7 156,7
1,493,9 106,8
40,5
721.6
48,1
54,9
30,3
13,4
,7
421,2
54,2
15.6
11.8
68.2 546,9
19,8 126.8

400.0
250.0
250.0
200.0

718,1
511,0
875,9
172,8
110,0 405,6
125.0
79.2
42,6
25,0

100.0

Totals A pr. SO... Ç 90 / 2 f0 83403 60,842,9 1,4783 4349,4 7345,0 2,196,0 64,4253
Totals A pr. 2 3 ... Q,2I 2,0 8371.2 61,0763 3367,9 4389,4 7 32i,9 2323,8 65,230,7
Totals A pr. 16... Qf2I2,0 8371.3 61.2433 7,221,914,419,117,605312,7093 [65,785,6
B r e a d s t u f f 's

F ig u r e s

B rou gh t

F rom

JPage

9 1 2 «— The

LVo l . L i v i .

Wheat,
Corn,
bush.
Exports from — hush.
New York...... 648,493 1,139,123
B oston............ 445,526 235,301
P ortland........ 134.958
Philadelphia.. 10.362 1,078,105
Baltimore....... 409.310 1,852,891
New Orleans.. 241.000 182,413
157,857
Norfolk...........
Newp'rt News 883,(M>0 603,000
P ort A rthur.. 53.000
St,. Johns,N.B.
7,982
31.000
G a lve sto n ....

Flour,
bbls.
89,203
11.004
6,607
20,295
49,761
4,415

Oats,
bush,
227,202
82,411
285,130
141.942
19.9(7
90,015

46,000
20,719
2,341
1,670

103,000

T otalw O t...2,264,625 6,143,690
game tim e ’97. 663,195 3.414,196

251,495
173,662

908,745
507,804

B tl(,
hUSh.
160,071

Peas,
bush.
9,990

12.758
12,932
110,789

144,107

9,098

Barley
hush.
31,363

8,228
296,651
124,998

162,325
25,130

The destination o f these exports for the week and sinoe
September 1, 1897, is as below.
,----------Ilo ur.----------» --------- TVA¿at.-------- *
Week Since Sept.
Exports for
Week Since Sept.
A vr. 80. 1, 1897.
1,1897.
ee*k and sines Apr. 30.
bbls.
bush.
bush.
bbls.
Sept. 1 to—
Bolted Kingdom 143,151 7,852.723 1,407,415 48,250,932
841,165 36,668,814
87,852 1,033.638
Continent...........
702.078
864,004
3 * C. A m erioa.. 19,662
730.053
20.764
1.376
West Indies........
196,581
2,700
Brit. N. A . Col’s., 12.046
235,284
16,045
733,988
Other countries.., 18,020

------------ C()rn.---------- *
Week
Since Sept.
Apr. 30.
1.1897.
bush.
bush.
1,514,631 69,765,884
8,488,465 66,903,854
1,905
182.716
20,082 1,290,746
7,704
867,576
104,893
762,485

T otal
..., 251,495 10.255.937 2,264,625 80,521.823 5 143,690 129,292,283
563,195 89,804,967 3,414,196 128,801,60
Octal 1896-7........ , 178.662 8,626,758

The visible supply o f grain, comprising the stooks in
granary at the principal points of aooumulation at lake and
seaboard ports, Apr. 30, 1898, was as follows:
Wheat,
bush.
I n store at—
989,000
New Y o rk ...........
Do
afloat............................
A lb a n y........ , ..............
B uffalo........................ 1,025,000
Do
a f lo a t .......................
C hicago..................... . 8,827 ooo
Do
a flo a t..........................
M ilwaukee..................
58,000
Do
a flo a t..........................
D uluth......................... 8,064,000
r»n
a flo a t....................... .
T o le d o ,.....................
426,000
do
afloat............................
84,000
D etroit........................
Do
afloat............................
Jswego................................
at L o u is ................... 624.000
Do
afloat.......... > 73,000
4,000
Oinoinnatl...................
Boston. ......................
183,000
Toronto........................
18,000
Montreal........
284.000
176,000
P hila d elp h ia ............
Peer a ..................................... ...
Ltunanapolls...............
30,000
633,000
Kansas C ity................
Baltimore.................... 762,000
Minneapolis................ 9,7u .ooo
On Mississippi R iver. 102.000
On Lakes..................... 1,740,000
Oneanal and r iv e r ... ..........
Total
Total
Total
Total
Potal

Apr.
Apr.
May
May
May

Corn,
bush
3,203,000
OU,uVU
815,000

1,76j, j 00

Rye.
bush.
451,000

Barley
bush.
56,(00

50,000
1,837,000

357.000

204.000
10.000
108.000

Q n*S

bush

11,431,000
1,000

27.000

2,533,000

3,176,000

'656,000

471,000

313,000

lijobb

196.000

7,000

” 13,000

82.000
28,000
12,000
95.000
21.000
1.152.000
191.000
274.000
25.000
14.000
392.000
442.000
90.000
897.000
46.000

"T.'óób
’ Ve.o’óò

11,000

' 6Ï,0()Ô

6,009
44,000

9,000
174.000
41.000
10.000
751.000

an'.böo

11,218,000
11,775,000
11.72 5,000
8.249.000
6 910.000

2,880,000
2.860,000
3.195.000
1.424.000
1*7 owe

851.000
894,0*0
2.294.000
1.189.000
402.000

95.000
484.000
20.000
618.000
’ 64,000
429.000
163.000
117.000
196.000
430.000
860.000
4,933,000

80,1898.23,263.000
23,1898.25,914,000
1.1897 31,412,000
2,1896 65,519,000
4. 1896 62 193.000

233.000

27.044.000
81.649.000
16.997.000
11,3:9,000
9.354.000

106,000

19.000

10,000

19,000

statements below are prepared by us from the figures c o l­
lected by the New Y ork Produce Exohange. The receipts at
—Among the removals May first we notice the following :
Western lake and river ports for the week ending Apr. 30, and
since Aug, 1, for each o f the last three years, have been as Merchants’ Bank of Canada, to 63 W all S treet; Farson,
Leach & Co., to 35 Nassau S treet; Howard Lapsley & Co.,
follows:
to 110 Exchange C ourt; Russak Brothers, to 111 and 112
Exchange C o u rt; Dunscomb & Jennison, to 2 W all Street;
Receipts at— Flour.
Com.
Wheat.
Oats.
Barley.
H e.
Whann & Schlesinger, to 71 Broadway ; Prince & Whitely,
Bu3h.60 lbs Bush.bSlbs Bush.S2lbs BushA&lbs Btt.661/> .
to 306 Exchange Court. Cochran & Close have changed
Chicago........
532,232 ( 2,247,553 2,612,612
129.200
51,697
. M ilw aukee..
190,950
107,250
267,000
231.200
42,630 their style to Frederic B. Cochran & Co. and have removed
. Duluth ........
442,523
40,690
438,931
7,210
127,569 to 20 Broad Street.
Minneapolis'
1,247,270
43,660
205,900
—Charles W . Wyndham has opened an office at 54 W all
, T oled o..........
337,878
147,215
38,056
8,039 Street for the transaction of a brokerage business in foreign
62,9r8
■D e tr o it........
31,254
22,743
11,710
6,705 exchange and investment securities.
, C lev elan d ...
39,70 31
115,886
91,024
—Messrs. Redmond, Kerr & Co. offer in to-day’s issue sev­
8t. Louis , . . .
154,306,
650,375
184,100
2,250
14,000
eral lots o f high grade investment bonds. The list will be
P e o r ia . . . . . . .
15,150
460,700
809,760
19,350
found advertised on page viii.
299,000
Kansas City.
191,000
63,0001
Tot.w k.’98.
, gam e wk.’97.
, gam e wk.’96.
Since Aug. 1.
,$ 9 7 -9 8 ..........
,1896-97..........
1896-90........ .

234,283
193,381
243,046

3,321,526
2,142,084,
2,118.841

4,025,580
1,781,076
1,933,655

400,920
212,919
303,909

4,282,986
2,095,599
2,737,689

260,210
91,180
61,073

8,682,243 90.225,235 186,992,023 145,559,384 32,675,402 9,419,553
8,743,813 138.588,469 122,735,751 132,664,467 84,813,'
6,272.977
8,964,336 175,312,055 96,019,662 114,382,020 35,103,
J),296,539

,. , The receipts of flour and grain at the seaboard ports for the
week ended Apr. 30, 1898, follows:
Flour,
bbls.
110,993
49,0(4
7.395
43,583
32,682
8,8o0
14,090
6,607
46,000

i \ Receipts at—
, New Y ork ..........
'B o s to n ...............
; M on trea l..........
‘ P h ilad elp h ia...
B a ltim ore ........
R ichm ond. . . . . .
(N ew Orleans*..
1Portland, Me
Newport News.
, N orfolk.............
P ort A rth u r. .,
. G a lveston ........
St. Johns, N. B .

20,219
” 2,321

Wheat,
C om ,
Oats,
bush.
bush.
bush.
1,335.800 2,213,170 1,453,200
268,777 421,363
164,866
316.149
7fl0
102,860
46,055 643,200
92.694
804,435 1,299.917
199,428
6,622
20,010
11,650
209,682
322,714
123,244
134,958
............
285,130
383,000 503,000
103,000
167,857
53,000
61,700
600
8,400
7,982
9,098

1>> Total w eek........ 338.634 3,106,140 6,582,591 2,558.570
W eek 1897................ 205,889
237,909 2,774,052 1,459,663

Barley,
Rye,
bush.
bush.
220,350
636,250
6.468
18,900
13,950
35,100
4,800
............
63,7t9
...
20
............
..........
12,755
.

249,518
516,715

760,84
179,09

: I,* R eceipts d o n ot include grain passing through New Orleans f o r fo re ig n
1ports on through bills o f ladiug.

Total reoeipts at ports from Jan.l to Apr. 30 oompare as
'fellow s for four years:
.¿R eceipts of—
F lo u r ...............

1898.
6,496,659

1897;
.5,052,638

1896.
3,817,546

1896.
5,061,565

.bush. 28,629,026
“
73,172,814
“
3:1,484,051
2,236.615
“
4,916,894

6,825,749
75.547,283
19.09.3,233
3,614,345
1,823,589

4.405,178

6,674.11t
9,068,259
10,147,740
1,371.010
120,330

..bbls

SOS
2.490.305

490,974

« 142.43J.000
106,909,199
46,292,270
T otal gra in ...
i U B B i p u r w t i r u i u nuts n c v o i a i is o a u u a iu p u m a i u i

27,379. 83
ub

w re

ending Apr. 30, 1898, are shown in the annexed statement:




A uction Sales.—Among other securities the follow ing, not
regularly dealt in at the Board, were recently sold at auction.
By Messrs, R. V. Harnett & Co:
S hares.
1 1 0 P h e n ix N at. B a n k ............ 901*
7 9 9 O rch a rd L a n d C o . $ 2 5 f o r lo t.

B on d s.
$ 1 ,0 0 0 A m o r . L ith o g r a p h ic
C o. 1 st 5 s, 1 9 2 1 ....................... 6 5

By Messrs. Adrian H. Muller & Son :
S hares.
3 S a r a to g a & S ch e n e c ta d y
R R . C o ...............................1 65
3 U n ite d N . J . R R . & C an al
C o................................. ........ 2 5 3
3 P h e n ix N a t . B a n k ............ 91*2
1 2 B a n k o f th e S ta te o f N. Y .1 0 H «
1 M e rch a n ts’ N at. B a n k ... 150*4
1 M e c h a n ics ’ N a t. B a n k .. . 1 85
1 F a rm e rs ’ L o a n & T r. C o. 8 9 0
3 P a te r s o n & H u d .R iv .R R .1 8 3
4 P a te r s o n & R arn a p o R R .1 8 6

S ha res.
7 5 E q u ita b le T ru s t C o. o f
N e w L o n d o n , C o n n ...$ 7 5 lo t .
5 0 0 In te r-S ta te L a n d & C an al
C o., p r e fe r r e d . .$ 1 p e r sh a re.
5 0 0 In te r-S ta te L a n d & C an al
C o ., c o m m o n ..5 0 o . p e r s h a re .
1 0 H id e & L e a th e r N at. B k . 8 5
2 5 N .Y .H e a t, L ig h t & P o w e r
C o. (T ru st Cu. r e c e ip t ) . 1 0
1 2 ,5 0 0 G o ld C reek, N e v a d a ,
M in in g C o..........4 c. p e r s h a re

gauMuxj and ffiaattciaX.
Spencer Trask & Co.,
BA N KERS,
2 1 & 2 9 P IN E S T R E E T ,
.
.
.
6 5 State S treet, A lb a n y

NEW

YORK

_________ I N V E S T M E N T S E C U R I T I E S ._________
George B a r c la y Mo ffa t.

M

o f f a t

A l e x a n d e r M. Wh it e , J

& W

h it e

b

,

BA N KERS,
N o. 1 NASSAU S T R E E T ,

■

-

-

NEW Y O R K .

IN V E ST M E N T S E C U R I T I E S

THE CHRONICLE.

Mat 7, 1898.1

885

Posted rates o f leading bankers follow :

t a n k e r s 7 (S a r n ie .

M a y 6.
D IV ID E N D S .
P er
C ent.

N a m e e f C o m p a n y.
R a i l r o a d s ( S t e a m .)
C h ica g o & A lt o n c o m .& p f. (q u a r.)
N a sh u a & L o w e l l ...........................
P e n n s y lv a n ia ......................................
W ilm in g to n & W e ld o n ...................
S tre e t R a i l w a y s .
M e t r o p o l'n St. B y ., K C. (q u a r.)
W e st C h ica g o St. R R . (q u a r .)___
M is c e lla n e o u s ,
A m e r ic a n C o tto n O il p r e f .............
B r o o k ly n U n io n G a s .......................
C h ica g o T e le p h o n e (m o n t h ly )....
E r ie T e le g . & T e le p . (q u a r .)..........
L e h ig h C oa l & N a v ig a t io n ............
N a tio n a l B is c u it p r e f. (q u a r .) ...
P e n n sy l. N a tu ra l G a s (q u a r .)___
S ta n d a rd O il (q u a r .)........................
**
(e x t r a ) ............... .
W a s h in g to n , D . C .. G a s (q u a r .)..

W hen
P a ya b le.

B o o k s closed .
( B a y s in c lu s iv e .)

1%
5
2*3
4

June
M ay
M ay
M ay

1
2 ------------ t o -----------31 ------------ t o -----------10 M a y 1 t o M a y 1 2

*3
1*3

M ay
M ay

1 ------------ t o -----------1 6 ------------ t o M a y 1 6

3
3
1
1
2
1%
*3

June
June
M ay
M ay
M ay
M ay
M ay

1
1
5
16
27
31
10

2*3

June
M ay

M a y 15
M a y 11
M ay 1
M ay 8
-----------M ay 31
M ay 6
15 M a y 1 9
2 A p r. 16

to
to
to
to
to
to
to
to

June 1
M a y 19
M ay
5
M a y 15
-----------------------.
M a y 10
J u n e 15

t o M ay-

1

S ix ty d a y s.

P rim e b a n k e rs ’ s te r lin g b ills o n L o n d o n
P rim e c o m m e r c ia l............................................
D o c u m e n ta r y c o m m e r c ia l............................
P a ris b a n k e r s ’ (fr a n c s )......................... .......
A m ste rd a m (g u ild e rs ) b a n k e r s ....................
F r a n k fo r t o r B re m e n (re lch m a rk s ) b ’k e rs

4
4
4
5

D em a n d ,

8 1 * s ft4 8 2
4 8 5 ® 4 85*3
8 0 ft4 80%
7 9*3® 4 80*s
2439® 2 3 i* i8 5 2 3 * e ft2 2 7 ia
3 9 % ® 3 9 i3 le
3 9 * 5 ig ® 4 0
9 3 ’ è® 9 3 1 5 ,e 946, „ ® 94.3g

xunuyyxug wcio vaic Utica uj. uumesuc exchange on
New York at the under-mentioned cities to-day: Savannah
buying 1-16 discount, selling 1-16 premium; Charleston buy­
ing par, selling 1-8 premium; New Orleans, bank, par;i
commercial 75c. discount; Chicago, 10c. per $1,0(0 dis­
count; St. Louis, 20c. per $1,000 discount.
Coins.—Following are the current quotations in gold for
co in s:
S o v e re ig n s .............$ 4 8 5 ® $ 4 88
N a p o le o n s ............. 3 8 4 ft 3 8 7
X X R eich ra a rk s. 4 7 4 ft 4 7 8
2 5 P e s e ta s ............. 4 7 8 ft 4 81
S pan . D o u b lo o n s .1 5 5 0 ® 1 5 6 0
M e x . D o u b lo o n s .1 5 5 0 ft 1 5 6 0
F in e g o ld b a r s ... p a r ft*4 p re m .

F in e S ilv e r b a r s .. — 5 6 •» — 5 7
F iv e f r a n c s ............— 9 3 ft — 9 6
M e x ic a n d o l la r s .. — 4 5 % ® — 4 6
P e r u v ia n s o l s . . . . — 4 2 ft — 42**
E n g lis h s i l v e r .. .
4 8 2 ft 4 8 5
U. S. tra d e d o lla r s — 6 0
— 75

W A L L S T R E E T ..F R I D A Y . M A Y 6 . 1 8 9 8 - 5 P . M .

United States Bonds.—Sales of Government bonds at the
The Money M arket and Financial Situation.—-The vigor Board include $31,500 4s, coup., 1925, at 119% to 120; $25.000
with which the army and navy are being placed on an ag­ 4s, reg., 1925, at 118%; $26,500 4s, coup., 1907, at 108 to 109%;
gressive war footing, the reported success of Commodore $128,000 4s, reg., 1907, at 106% to 108%; $4,000 5s, coup., at
109V and $115.000,5s, reg., at 109% to 110%.
Dewey in the Philippine Islands, and the deplorable state of
The following are the closing quotations :
affairs in Spain, have wrought a great change during the
I n te r e s t A p r i l M a y
M ay
week in financial circles. The above conditions are believed
M ay
M ay
M ay
P er io d s.
30.
2
3.
4.
6.
to foreshadow an early conclusion of the war, and there is a
re g . Q. -M ch . 1 9 5
* 95
* 95
* 95
* 95
decided improvement, not only in sentiment but in actual 42 s,s , .1. 9. ....................
7 • *108
0 7 ............. reg. Q . - J a n . *106*2 107*2 *107
108*3
business. Transactions have been on a much broader scale, 4 s, 1 9 0 7 ............c o u p . Q . - J a n . 1 08
108
*107*3
108*3 1 0 9
4 s, 1 9 2 5 . . . ___ re g . Q . - F e b . 118*4 *118
*121 *121
and the steady advance in prices shows that confidence is 4 s, 1 9 2 5 ............co u p . Q . - F e b . 119*8 *118 *119
1 20
* 121*8
121 %
5s, 1 9 0 4 ............. re g . Q , - F e b . *109*3 109% *109%
replacing the feeling of uncertainty which has prevailed.
*110 110%
O
5s, 1 9 0 4 ............co u p . Q . - F e b . *110 % 1 09 % *110
*110
*110
«
There is an increasing tendency to regard those factors 6 s, c u r ’ c y ,’ 9 9 . . .r e g . J . & J . *102*3 *102*3 *102%
*102% T 0 3
*100 *100
which have a direct bearing upon the future value of rail­ 4 s, (C her. ) 1 8 9 9 . re g . M a rch . *100 *1 00 *100
way securities. W e refer to the large railway earnings now
State & R ailroad Bonds.—Sales of State bonds at the
being reported and the possibility of increased dividends on
Board include $97,000 Virginia fund, debt 2-3s of 1991 at 66%
several lines. One of the features of the week which had a to
67%.
stimulating effect ia W all Street was a sharp advance in the
There has been a larger volume of business in the railway
price of wheat. The foreign demand for our breadstuffs. is bond market than for several weeks past. The active list ad­
almost unprecedented and promises to absorb our surplus vanced without exception, the gain averaging about 3 points.
for some time to come. The foreign exchange market has Transactions at the Exchange on Monday were over $3,500 000 par value, which has not been exceeded since Feb. 24. A
been easy and rates encouraged further engagements of gold large proportion of the business reported was in low-grade
for import, the amount for the week being $4,075,000. The issues, but there is a notable in crease in the demand for bonds
money market is also easier, time money is more freely selling above par at advancing prices. The active -list in­
cludes Atchison, B. & O., Parkersburg Branch, Brooklyn
offered and rates are not so firmly held.
Rapid Transit, Chesapeake & Ohio, Louisville & Naehville,
The open market rates for call loans on the Stock Exchange Norfolk & Western, Northern Pacific, Oregon Improvement
during the Week on stock and bond collaterals have ranged Oregon Short Line, Reading, St. Louis & Iron Mountain,
from 2 to 4 per cent. To-day’s rates on call were 2% to 3 Texas & Pacific, Union Pacific, U. P. Denver & G ulf and
Wabash bonds.
per cent. Prime commercial paper is quoted at 5% to 7 per
Stock and Bond Sales.—The following shows the volume
cent,
of business, in stocks knd bonds, on the New York Stock
The Bank of England weekly statement on Thursday Exchange for the past week, and since January 1.
S ales
showed an increase in bullion of £1,932,074 and the percentage
W eek en d in g M a y 6
-J a n . 1 to M a y 6, ■ - ,
N . T. S tock E xch .
1898.
1897.
1898.
1897.
of reserve to liabilities w s 44-50, against 41-71 last week; the Government
bonds
9332,000
9214,500
93,505,500
95,625,100
97¿500
discount rate remains unchanged at 4 per cent, The Bank State b o n d s» ........
'22,000''
563,200
770,500
R R. & mise, bonds. 11,040,600
5,856,500!
275,964,210
140,450,800
of Fyance shows an increase of 1,875,000 francs in gold and
Total................. 911,470,100
2,975,000 francs in silver.
6
M
96,093,000
92.80,032,910
9146,845,890
Stocks—No. shares
2,210,511
: 814,752
86,843,077
15,502,485
New York .City Clearing-House banks in their state­
P a r v a lu e ..:.9310,48'2,350 978,478,900 93,530,940,025 91,489,828,850
m
-**
,4,r'
v.l
T
ment of April 30 showed ah increase in the reserve held o f Bank shares,par val.
' 91,000
984)700
9119,960
$301,100 and a surplus over the required reserve o f $44,504,W # add the following record of the transactions for each
675, against $43,525,100 the previous wee.k*
day o f thé week.
1898.
A p r i l 30.

D iffcr en ’s fP m
P rev . w eek.

$
C a p ita l................... 5 9 .0 2 2 .7 0 0
S u rp lu s .................. 7 4 ,2 5 9 ,1 0 0
L o u i s & d lso ’n t s . 5 7 0 ,1 9 8 ,1 0 0
C i r c u l a t i o n ... ... . 1 4 ,2 5 4 ,2 0 0
N e t d e p o s its .......... 6 * 8 ,5 0 3 ,3 0 0
S p e c i e ..................... 1 5 8 ,3 9 2 ,8 0 0
L e g a l t e n d e r s .. . . 5 0 .7 3 7 .7 0 0
R e s e r v e h e l d . . . . . 2 0 9 ,1 3 0 ,5 0 0
L e g a l r e s e r v e ... . 1 6 4 ,6 2 5 ,8 2 5

¡P
D eo .2 ,4 4 8 ,2 0 0
I n o . 1 7 4 ,3 0 0
D eo. 2 ,7 1 3 ,9 0 0
I n o .2 ,9 7 5 ,6 0 0
D e o .2 ,6 7 4 ,5 0 0
I n o . 3 0 1 ,1 0 0
D eo. 6 7 8 ,4 7 5

1 8 9 7 ..
M a y 1.

1896.
M a y 2.

9
$
5 9 ,7 7 2 ,7 0 0 6 1 .1 2 2 .7 0 0
7 3 .9 5 3 .8 0 0 7 2 .8 3 3 .3 0 0
5 0 5 ,8 3 1 ,7 0 0 4 7 0 ,6 6 3 ,5 0 0
1 5,0 0 2 .2 0 0 1 4 .3 7 0 .7 0 0
5 7 6 ,8 6 3 ,9 0 0 4 9 5 *0 0 4,1 00
8 7 .3 2 9 .8 0 0 5 9 ,3 2 4 ,0 0 0
1 0 5 ,8 0 3 ,8 0 0 8 7 .3 7 1 .3 0 0
1 9 3 ,1 3 3 .6 0 0 1 4 6 ,6 9 5 ,3 0 0
1 4 4 ,2 1 5 ,9 7 5 1 2 3 ,7 5 1 ,0 2 5

W eek en d in g ------- Stocks----------------- , R a ilro a d , é e .t State
TT.
M a y 8 , 1 8d 8 . J S h a res,
P a r va lu e.
B on d s.
* H oncli.
B onds.
Saturday.,..........
174,082 916,644,950
tSO&OOO. 9.
955.000
M o n d a y ..........
611,061
59,642,250
3,509 500
66.500
225.000
T u e s d a y ............. 368,360
83,708,250
1,753,500
26,000
6,500 *
W ednesday........................... ...H O L I D A V ...... ! . . . ..................
T h u rsd a y ............ 538,888
51,699,800
2,488,600
oiÔOO*
21,000
F r id a ? .:................. 523,620
48,887,100
2 487,000 .........
24,500 ’
T otal............ *,2,210,511 9210,482,850

911,040,600

997,500

9 83 2,000'

Railroad and Miscellaneous Stocks.—On reports of naval ,

successes, the stock market opened oh Monday with a sharp
demand for shares at. an advance o f about 2 points over last
week s closing prices, and the upward movement continued f*
S u rp lu s re s e r v e 4 4 ,5 0 4 ,6 7 5 I n o . 9 7 3 ,5 7 5 4 8 .9 1 7 ,6 2 5 2 2 .9 4 4 ,2 7 5 through the day, the transactions amounting to nearly 625.0007
The Clearing-House, on Oct. 30, 1897, also began issuing shares. There was some further advance early on Tuesday*
weekly returns showing the condition o f the non-member hot offerings were freely made to realize profits, which in­
hanks which clear through the Clearing-House institutions. cluded those for foreign account, and the highest quotations
The statement in full for the latest week will be found on were not sustained in all cases. Thursday’s market, after the'
holiday on Wednesday, was strong and active, although the
a preceding page.
volume o f business was somewhat smaller than on Monday.
Foreign Exchange.—The market for foreign exchange has During the early hours to-day prices advanced to the highest
been dull and generally weak on a limited demand for hills. quotations of the week, but these were not generally held andi
Rates eased off somewhat and the engagements of gold for Hie close was in most cases fractionally lower than the opening.
import were larger.
The grangers were strong, and show a net gain averaging
To-day’s actnal rates o f exchange were as fo llo w s: Bank- nearly six points, on excellent traffic reports and a sharp ad«rs’ sixty days’ sterling, 4 80%@4 81; demand, 4 84@4 84% ;
vatoce in the price o f wheat. The most noteworthy gain,
cables, 4 84%@4 84% ; prime commercial, sixty days, 4 80 amounting in a few cases to about 10 points, was made by
@4 80%; documentary commercial, sixty days, 4 79%@4 80%; some of the miscellaneous shares, including. American Sugar,
Pay1^
’ 4 80% @480% i .cotton for payment, 4 79% American
uonsolh
American Tobacco
Tobacco, Consolidated
Gas^khd; the local transrv
@ 4 i$i&* f°$i9P>for acceptance, 4 80%<®&8ft%i * (j A 88AK1 JC.o|^prf»ti®nai9su«gl
fcpEt»*i®i»E&sussi aiioq inisod
bisod^ee m ove* edi mort «iToqxeeiT.

c/iiT T j




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wetto

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8G6

C H T t Ô N I C L Ë .— STOCK PRICES (2 pages) P age 1.

ï IVoi LXVI.

New York Stock Exchange—A Daily, Weekly and Yearly Record.
S T O C K S —R I O H E S T A N D L O W E S T S A L E P R IO E S .
S a tu r d a y ,
A p r i l 3l>.

M on day,
M ay 2.

W ed n esd a y T h u rsd a y,
M a y 5.
M a y 4.

T u esd a y ,
M a y 3.

*180
180
11
18
12
18
*11
3 4 « 3 4 « *34
30
* 3 1 « 34
1 0 « 11
11
11
11
11
27«
25« 25«
20
20
f 7*
10
17
*10
* 1 5 « 10
7
*0«
0
*6
6«
0
*100 105 *100 105 *100 105
39
38« 39«
39
8 7 « 88
30«
3 0 « *20
*20
3 0 « *20
01
*59
05
§01
*59
05

*11

*80«
47

8 t«
47«

««
«

«

««

«

82«
49

8194
4894

82«
49

(

««

.......

*18
22
8
8
8
8
*23
20
*24
28
9 0 « 91
8 9 « 92
142 1 4 2 « 5142 143:
1 2 0 « 1 2 2 « 121 122

12
*42

12«
46

13«
45

§5«
•17

5«
25

*5«
*17

100

*10
42«
10«
*70
*2
*4
*11
32«
*15«
*18
*87

42«
10«
4
5«
12
32«
10«
22
42

«

«

80
88«
84« 85«
72
72«
♦71
73
0 4 0 150
♦140 150
*7
8«
*7
8
§27« 2 7 «
*25
27
28« 29«
27« 27«

1100

«

108
151

«
«

88« 89«
72
72«
149 149
28«
29

28«
29«

12«
47

12« 12«
48
48
i1 ft7 .........
§0«
0«
0«
25
*17
25

108«
152

44
*10«
*70

45
12

12«
33«
16«
*18
*37

12«
34«
10«
22
42

*24

29

•145
*30

155
40

*147
*30

154
40

*98«
*90
8«
♦25
*4
*10
*3
•12
♦82
*13
*09
*
*
*40
47«
94«
139%

99
98
8«
27
0
17«
4«
15
35
15«
71
182«
180
50
48
95«
141%

99«
*90
*8
28
*4
18
*3
*12
*32
*13
71
* .........

108

108

44« 44«
1 0 « 11
*70 .........
*2
4
*4
5«
1 2« 12«
3 3 « 34
10« 10«
*18
22
*37
42
* .......
*147
*30

H
o
F

20
155
40

00
£

100« 1 0 0 «1 0 0 «
*90
98
98
8«
*27
30
28
6
*4
0
18
18«
18«
♦3
4«
4«
*12
15
15
35
*32
35
* 1 3 « 10
10
?70« 7 0 «
•71
1 8 2 « §1 8 2 « 183
1 8 0 «1 8 0 «
180
42
*40
50
§42
50« 51«
48« 51«
98«
97« 98«
96
143% 146
1 4 2 « 145

CO
&

*18
23
*7
8
*23
20
87« 88«
*141 1 4 1 «
1 1 8 « 119

..2

*i
i«
*i
2
1«
1«
•101 103
104 104 §108 103
*25
20«
20
25
25
26
80
*80
85
*78
80
§80
*51
53
* 4 9 « 51
5 0 « 52
*5 .........
*5
*5
*14
*14 .........
*14
1 0 « 11
* 1 0 « 11
1 0 « 11
3 3 « 34
3 2 « 34
3 1 « 31%
2 8 « 29
27« 28«
2 0 « 27
*27
28
27
*25
28
27
*170 173 1*170 173 * 1 7 0 « 174
1 0 9 « 1101Í
* 1 1 « 13
70
*00
*28
31
•184
14

188
14

1 1 1 « 112*9
§13« 13«
70
*60
32«
♦30

112
*12
*60
*31

44

15
45V
249*
63V

*11«
40
25
04

15
48Vi
20V1
05Vg

13«
47«
25«
04«

«

28V
13%
48VÍ
20V 1
65Vi

40%Í 4 5 « 45% l
40
44
* These are bid and asked prices; no sales on this day.

O U T S ID E S E C U R IT IE S
Bld.

Ask

S tr e e t R a ilw a y s .
NEW YORK CITY.
34
32
Bleeck St & Fui F—Stock.
1st mort 7s 1 9 0 0 ... J&J 103 107
B’ way & 7th A ve—Stock. 205 212
1st mort 5s 1904... J&D 100 110
2d mort 5s 1914... .J&J 112 114
Con 5s 1943—See Stock E xch 1 1st.
B’way Surf 1st 5s g u . 1924 115 117
2d 5s int as rental. 1905 100 107
•ntral Crpsstown—Stock 200
**- l i t M' 08 1922...........M&N »tibSe-! Ï .. .Î
..G ilfP k N & E R1VMSt*yCk 177 ' 135'
Oonunl 7« 1 4 4 8 .... J&n 1.10




«

«

«

«

N

118
13
70
32

Ì2Ó
*Î84 190 *184 187
1 4 « 14%
1 4 « 14%
§28«

115
45
24
61«

L o w e st. H igh est,

B

94«
93
94
* 9 2 « 94
94
12
12
12
*11« 12
12
19« 20«
19« 20«
18« 18«
155 102
*153 ......... 1 5 3 « . . . .
*100 .... *107 . . . .
♦100
95« 90«
9 4 « 97
9 2« 93«
*49
53
*49
53
*49
52
1 0 4 « 107 *105 107
*105 107
11
11'
1 0 « 11
11« H «
*21
*19

N. Y . S T O C K E X C H .

R a n g e f o r p rev i­
o u s y e a r (T 897.1.

«

«

«

82
48

F r id a y ,
M a y t>.

R a n ge f o r y ea r 1898.
S ales
o f the On b a sis o f ico -sh 're lots
W eek.
H ig h est.
L ow est.
S h a res

R a ilr o a d S lo c k s .
170 Feb 1 7 7 « Apr
§183 Jan 4 180 Feb
\ lbany & Susquehanna..
180
*180
9 Jan. 1 5 « A u g
I l A pr 21 15 Feb
A
n n A r b o r ....;...............
13
*11
18
*11
2 2 « A p r 40 Aug
4
0
«
F
e
b
34
Jan
4
800
Do
Pref.
35« 35«
35
35
9 « A p r 17 Sep.
1
8
«F
e
b
1
0
«
A
p
r
21
8,332
12 A tch. Topeka & Santa Fe.
12
12
11
17 A pr S5«S ep.
Do
pref. 01,207 2 2 «M a r 12 3 2 « F e b
28«
28
27« 28«
9 J ’ly 21 «S e p .
19
Feb
1
2
«J
a
n
25
11,031
altimore
&
O
h
io..
.
.
.
.
.
19
17
18
17
2 J ’n e 1 9 «S e p .
7 «F eb
5 «J a n 19
3,820
alt. & O. Southw., pref.
7
7
0«
0«
102 Mar 106 Oct.
§105
Mar
§105
Mar
9
Bost.
&
N.
Y.
Air
L..
pref.
■102 105
*102 105
1
8«Ja n . 3 7 «D e o
4
3
«
F
e
b
18
35
Mar
12
41,100
3 9 « 4 0 « Brooklyn Rapid T ransit...
40«
39
25 Mar 12 3 0 «J a n 6 16«M a y 31 Deo
3 0 « Buffalo R och. & Pittsburg.
3 0 « *20
*20
5 4 « J ’ly 0 6 « D e o
6
7
«
Jan
3
200
02
May
0
Do
pref.
02
02
04
*59
§65 Mar 10 72 Jan 10 08 Apr 70 Aug
Burl. Cedar Rapids & N o ..
1,900 72 Apr 21 9 0 « J a n 20 4 6 «M a r 82 Deo
8 3 « 8 3 « Canadian P acific..............
8 2 « 84
4 4 « Mar 12 5 7 «F e b 5 4 4 « Jan. 6 2«S ep .
3,201
4 9 « 5 0 « Canada Southern.......... .
50
49
02 Jan 4 70 Jan 25 5 0 «O ct. 63 Deo
Capital T ra ction .................
8 0 «M a r 20 9 8 « J a n 7 6 8 «M a y,1 0 3 «J a n .
5,08
Central
o
f
New
J
ersey....
95«
94
93
94
7 « A pr 18 Sep.
11 Apr 23 14 Feb 10
1,300
* 12 « 13 Central Pacific........ .
12
12
32,344 1 7«M a r 26 2 4 « F e b 1 1 5«M a r 2 7 « A u g
Chesapeake
&
Ohio............
20
20
20
20
147
J ’ly 170 Mar
§150
Mar
14
§
1
6
6
«J
a
n
l4
33
Chicago & A lto n .................
154
§ 1 5 2 « 155
§160 Mar 24 §106 Mar 14 161«M ay 1 7 5 «N o v
I
Do '
pref.
104 ___ *100
6 9«Ja n . 102«S ep.
8
5
«M
a
r
26
1
0
8
«F
e
b
11
143,928
Chicago
Burl.
&
Q
u
in
cy..
|
97
98«
9 0 « 98!
49 Apr 19 6 0 « F e b 1 8 7 « J ’ne 61 Sep.
*50
55 Chicago & East. Illin ois..
* 4 9 « 53
1 1 8 «F e b 1 95 Jan. 103 Sep.
30( 102 Jan
Do
pref
1 0 0 « 107 *105 107
S « J ’ne 2 0 « A u g
9 « F e b 24 1 6 «J a n 8
29,101
Chicago
Great
W
estern
..
12« 13«
11
12
7 1 «O ct. 75 Deo
D o 4 p.c. debentures
3 1 « A u g 43 Sep.
3
6
«
Jan
28
2
1
«M
a
y
6
Do
5
p.c.
pref.
“
A
”
.
21
22
*21
20 Apr 21 2 5 «J a n 14 19 Aug 3S«Sep.
Do 4 p.c. pref. “ B ” .
*20
24«
24
*19
8 Oct. 13 Aug
7 Feb 24 1 0 «J a n 14
800
9«
9 « Chic. Indianap. & Louisv.
9
8«
23 Apr 16 8 3 « F e b 2 20 Nov S 8«Sep.
Do
pref
*25
28
*23 * 20
6
9 « A p r 102 Sep.
9
7
«
Jan
12
8
3
«
A
p
r
21
195,905
9 2 « 9 3 « Chicago Milw. & St. P a u l..
91« 93«
0 8f 140 A pr 25 1 4 9 «F eb 16 130«M ay 140 Sep.
Do
pref.
1 4 8 «1 4 3 «
143 143
1
0
1 «A p r 182«Sep.
1
3
0
«F
e
b
11
11
8«M
a
r
12
18,294
122 1 2 4 « 1 2 3 « 1 2 4 « Chicago & North Western.
100 163 Jan 8 175 Mar | 153 Jan. ,165«Sep.
Do
pref.
0O
«A pr 97«S ep .
9
4
«M
a
y
0
80
Mar
25
130,575
cago
R
ock
Isl.
&
P
a
c
..
92« 94« C
90« 93«
8,080 05 Mar 12 79 Feb 11 47 Jan. 8 9«S ep .
74
75 C 0. St. P. Minn. & Om ...
72
74
155 Feb 28 1 3 3 « Jan. 150 «D eo
§148
Jan
100
Do
pref.
*145
150
„
’145 150
9 «M a r 3
4 « Jan
224
§8
8« C
§7«
7«
33 Feb 5
1,120 2 2 «J a n
pref.
2 8 « 2 8 « § 2 8 « 29
25 Mar 12 8 8 « Jan 31 2 1 « J ’ne 4 1 «S e p
0,585
,
Ii...
.
2
9
«
3
0
«
C
2 9 « 30
87 Feb 1 03 J ’ne 8 6 «S e p
7 7 «M a r
pref.
10,500 l l « M a r 26 1 9 « Jan 12
13« 14« C
12« 13«
5 0 « F e b 9 89 Nov 4 9 «D e o
800
45
May
g
pref.
48« 48«
48« 48«
101 Apr l0 8 «S e p
■166 .
‘167
l « A p r 18 Jan
8 « F e b 10
5
Mar
18
0
«
C
*0
0«
6«
14 Aug 40 Jan
25
Feb
9
17
Jan
pref.
25
*18
25
♦17
§99«M
ar
18
§99«M ar 18
.......C
1,584 104 A pr 2 ' 1 1 4 «F e b 3 9 9 « A p r 123 Sep
1 Delaware & H u d son ... .
1 0 8 « 1 0 9 « 110 110
140«M ay 64 Aug
210 l4 4 « A p r 21 159 Feb
"el. Lack. & W estern ..
9 « A p r 1 4 « Aug
10 A pr 26 13 Jan 12
.......E
13
*11
30 Apr 5 0 « A u g
5
2
«
F
e
b
8,670
40
Apr
21
pref
4 5 « 40
46
46«
Apr 1 4 « J ’ly
1
5
«F
e
b
800
8 « Apr 21
>dge.
1 2 « 18 E
12« 12«
Apr 5 0 « A u g
pref
Do
*70
*70
Apr 1 4 « J’ly
4 r lluth
*2«
4
*2«
5 Dec 1 0 « A u g
7 «F eb
5 A pr 4
pref
Do
*
4
«
3%
„
*4«
5«
1
1
«
Apr 19 Sep
1
6
«F
e
b
1,400
11
A
pr
21
Trie...
12« 1 2« 1
* 1 2 « 13
6,930 2 9 « A p r 22 4 3 « F e b 11 27 Apr 4 0 «S e p
1st pref
3 4 « J 1 Do
84
84«
34
2 1 « F e b 11 15«M ay 2 5 « Aug
650
1
5
«
A
p
r
22
2d
pref
Do
1
7
«
17
17
1 ?« ,
20 J ’ne 34 Sep
23 Jan 7 25 Jan
22 1
*18
22
*18
28 Aug 48 Sep
40 Jan 18 43 May
■Do
pr“ f
43
43
41
41
7 J ’ne 1 4 « Aug
1
4
«
F
e
b
14
Mar
12
10
¡Mint
&
Pere
Marquette.
14
*10«
80 Mar 49 Oct
43
Jan
28
.
Jan
28
41
Do
pref
7 « J ’ly 20 Sep
21 Feb 8 28 Mar 5
20
*22
26
12 Nov 2 0«S ep
15 Jan 28 1 0 « Jan 31
....... 1
120
Jan 141 Sep
130 Jan 12 102 Feb 4
155 155 i "Mreat Northern, p r e f...
155 155
§30 Jan 7 8 2 «K e b 24 2 7 «A p r 40 Aug
J re e n Bay & W estern..
40
*30
50
Dec 50 Deo
49
Jan
27
Mar
14
43
Do debt certfs. “ A ”
9 Aug
8 « Dec
0 «J a n 25
5 Jan 18
Do debt certfs. “ B ”
9
1
«
A
p r 1 1 0 « Aug
1
0
8
«J
a
n
81
2,645
A
pr
21
90
"llinois
Central...............
1 0 1 « 102
101 102
97
Aug
88
Jan
§94
Feb
18
§94 Feb 18
l Do leased line, 4 p. c
y»
*92 100
0 Apr 13«Sep
9 « Jan 13
500
7 «M a r 18
8«
8«
*8« J 9 Í
4
1
«S
ep
28
J
’ne
35
Jan
8
25
Apr
28
100
pref
Do
30
*28
30
*27
9 «A u g
4 J ’ne
0 «F eb 2
0 Feb 2
6
*4
0
*4
2 9 «S e p
1
7
«
D
e
c
2
4
«
F
e
b
10
A
pr
20
1,550
15
19« 1?«
18« 19«
4 « Aug
2 Feb
3 Jan 2H 4 « F e b 8
*3«
4«
*4
4«
10 Feb 19 18 Feb 2 12 Mar 2 8 « Jan
pref
*12
15
*12
15
3 0 « O ct
32
Feb
34
Jan
31
Feb
33
.........
*32
35
250 t 2 « M a r 14 1 8 « F e b 8 13 May 2 2 « Sep
§14« 1 4 «
15« 15«
316 06 Mar 14 7 0 « F e b 8 5 8 « A p r 7 9 «S e p
u Do
pref
71
71
71
71
440
1 7 0 « Jan 4 1 9 4 « Jan 29 152 Jan 181 Sep
,ake Sh. & Mich. S ou th ..
1 8 2 « 1 8 2 « 183 183
445 1 8 0 «A p r 19 183 May 6
Convert, ctfs. o f deposit.
182 183
65
40 Jan 20 50 Feb 9 38 Dec 55 Jan
50
40
*40
§40
04,225 44 A pr 21 0O «Jan 31 4 0 « A p r 03%Sep
51« 52«
51« 52«
58,208 91 Mar 26 1 2 0 «J a n 14 81«M ay 118 Sep
9 8 «1 0 2 « 101«1 0 3 «
47,081 125 «M ar 20 1 7 1 «F e b 14 9 9 « O ct 1 8 8 «D ee
1 4 7 « 149
145*0 148
9 « J ’ly
6 Aug
6«.T an 8
5 «M a r 21
2 «A u g
1 Nov
l« M a y 2
100
1 Feb 10
*1
2
*i
-1 «
l
l
l
«S ep
90
Jan
1
1
4
«F
e
b
1,501 9 9 «M a r 12
104 1 0 5 « 100 106
600 24 Mar 11 3 0 « F e b 15 10 May 3 1 « Sep
*20« 2 7 «
20
27
90 Sep
7
7«M
ar
8
8
«
F
e
b
15
33
8
5
«
J
a
n
18
1st
pref
Do
*82«
85
*81
807 40 Mar 20 5 9 « F e b 15 40 Feb 0 2 «S e p
2d pref
Do
53
54«
50« 51«
0 Deo
0 Dec
7 Mar 11
0 «M a r 11
*5
*5
10 Dec 10 Deo
pref
*14
*14
3,330 10 A pr 13 1 4 «J a n 26 10 Apr 1 6«S ep
11
11
11«
11«
4,300 2 8 «M a r 12 41 Jan 28 2 4 « A p r 42 Sep
pref
34% 8 5 «
34«
34
38,520 22 Mar 12 8 5 « J a n 28 10 May 4 0 «S e p
30« 32«
2 8 « 31«
800 2 4 « A p r 19 8 2 « F e b 7 18 J’ne 32 A ug
28
28
28
28
§167«Jan ‘ §175 Jan 14 1 6 2 « J ’ne 1 7 3 «D e o
*170 175 *170 175
70 Jan 85 Sep
ash. Chat. & St. Louis.
«S ep
40,778 105 Mar 20 119 « Jan 28 9 2 «F e b 115
Y. Central & Hudson
1 1 2 « 114%j 1 1 3 « 115
11 Feb 1 7 «S e p
1
5
«
Jan
81
110 l l « M a r 14
1 3 « 1 3 « N. Y. Chicago & St. Louis
*12
15
8
1
«S
ep
6
7
«
A
p
r
73 Feb 19 70 Jan 31
Do
ls t pref
*00
05
75
*00
100 28 Mar 25 4 0 «J a n 29 24 Feb 4 3 «S e p
Do
2d pref
♦30
32
31
31
325
Deo
295
Feb
§320 Jan 5
New York & H arlem ...
§320 Jan
Mar
10 120 A pr 20 § 1 23 «F eb l0 119 Jan 1122
N. Y. Lack. & Western.
§195«F eb 2 100 Feb 85 «S ep
111 §178«Jan
§1 8 4 « 185V *184 180 N. Y , New Haven & Hart
2
0
«S
ep
1
2
«
A
p
r
8,265 1 8 « Apr 25 1 8 «F e b 2
15
15
1 4 « 1 5 « N. Y. Ontario & W estern
6 «M a y 20 Sep
18 Jan 5
N .Y.Susq.& W .,çtfs.of dep
8 Jan
*12«
45
Sep
18«M
ay
38
Feb
11
125 29 Jan 10
Do pref., ctfs. o f dep
3 0 « 30V * 3 0 « 3 1 «
05 Jan 28 05 Jan 28
Norfolk & Southern..
9* Apr l7 « S e p
101 l l « A p r 21 ; 17 Feb 7
*12
*13
14
1 3 « Norfolk & W estern ...
8«D eo
11,170 4 2 « Mar 12 5 0 « F e b 7 2 2«M a y 4
Do
pref
49
50
48% 50
54,012 19 Feb 24 2 8 «J a n 31 11 Apr 2 2 « D e o
2 5 « 2 6 « Nor. Pac. R y., vot. tr. ctfs
25% 26V
6
1«D eo
8
2
«
Jan
09
Jan
31
5
6
«M
a
r
12
89,324
Do
pref
00%g 6 5 « 6 6 «
05
8 «D ec
5 «N o v
7 Mar 5
7 Mar 5
maha & St. L ouis..
41 Sep
10
Apr
5
4
«
F
e
b
1
r.
RR.
&
N.Co.vot.tr.cfs
740j
3
5
«
J
a
n
7
50
§48
48
*45

*180

«

STOCKS.

(G

iv e n

a t

O

§ Less than 100 shares.
eoot

S tre e t R a ilw a y s .
Christ’p’r & 10th St-Stock
ls t m ort 1898....... A&O
Col& 9th A ve 5s-See Stock
D D E B & Batt’y—Stock..
ls t gold 5s 1 9 3 2 ...J&D
Scrip 5s 1 91 5 ......F & A
Eighth A venue—S tock ...
Scrip 6s 1914.................
42d & Gr St Fer—Stock...
42d St Man & St N A v e ..
58 list niorti fts .19.10.,M&S
M2 2d ihcom e .0 s l 915. J &j
L ex A v & P a v F 5s-See Stk

oe

7

c o n s e c u t iv e

Ask.
164
100
103«
Exch i 1st.
195
175
114 1 1 7 «
100 103
300 325
108
320 300
62
57
«u i l i f t .
Î85U
E x ch l ist.
Bid.
154

«

pag eb

S tr e e t R a ilw a y s .
Metropolitan—See Stock
Ninth A venue—S to ck ... .
Second Avenue—S tock ...
ls t mort 5s 1909. .M&N
Debenture 5s 1909. J&J
Consol. 5s, 1 9 4 8 ...F&A
Sixth Avenue—Stock.......
So Fer 1st 5s 1 9 1 9 ..A&O
Third A venue—See Stock
ls t m ort 5s 1937.. .J&J
28th &29th Sts Lst 5a. ,’ 90

).-

-STREET R A IL W A Y S , &c.
Ask.
ist.
194
170
108«

110

210
111
list.
120
11.0 ;

S tre e t R a ilw a y s .
Union Railway—Stock
1st 5s 1942............F&A
W estchest 1st 5s ’43. .J&J
BROOKLYN.
Atlan. A ve., B’klyn—
1st 5s 1909............A&O
Con 5s g 1931 .....A & O
Im pt 5s g 1934.......J&.T
B. B. &W.E. 5s 1933.A oíU
Brooklyn C it y -S t o c k ....
¿••Cbnao 5 b . 1 9 4 1 .....J&.T

. w

i a i

Bid.
175
111«
108

Ask.
200
114
......

100
105
85
84
199
112

109
******
87
201

OJÜ...
1-1«®!' S10

THE

Ma-! 7, 1888 ]

C H R O N I C L E — STOCK PRICES (2 pages)P age a.

S T O O K S —H IG H E S T A N D L O W E S T S A L E P R I C E S .
S a tu r d a y ,
A p r il 23.
*64
*26
11854
*%
•354
•43
♦58
*166
1654
89
*2054
•180

M on d a y,
M a y 2.

68
67
82
*26
11454 1113
*%
6*
*354
4754
63
64
*166
16%
17
8954 4054
2094 2054
*180

T u esd a y,
M a y 3.

§67
2954
11254
*1
*8
*43
*63
*166
1794 1754
4154 41
2154 2154
*180

69%
32
115%
154
654
4754
65

W ednesday [.T h u rsd a y,
M a y 5.
M a y 4.

67
30
11354
1%
6
4754
64
17%
42
2154

19
5154
654
*654
1694
8854
*154
§10
*154
*8
*97
*100
*1654
§7054
*120

1994
53
654
6%
15%
8854
2
10
254
6

20
54
654
6%
16
89
2
10
*154
*8

21%
2154
5594 54%
654
654
§754
754
1654 16%
8954 8854
2
254
1094 §11
2
*154
*3
6

101 §100 100 §101
140 *100 140 *100
17% 1854
1754
18%
72
72
7054
7154
127 *120 127 *120

32
23%
*44
♦44
42
*80
*4
*40

3294
23%

3254 34%
2054 2054

125

8354 34
21
21

§54
118
*6
52
17
6%
5654
2594
*454
§954

*118
6%
5254
§18
*654
5754
2654
*454
10

0
V P*
*4

102
140
1954
7354
12754
28%
76% 7 8 '°
1054 11
27
27
12854 133
110% 111
191
91
10754 11054
117 117
2%
354
11654 118
*4
4%
1
*54
3
*154
2154 2154
90
*554
654
*160 180
18154 186
82% 82%
*84
90
*48

*80
138
14%
8%
2854
10%
§170
♦
*

N. Y . STOCK E X C H .

69 Or. RR.,pref., vot. tr. ctfs.
81 Oregon Short L in e............
114% "Pennsylvania....................
XT eo. Decatur & Evansv.
Peoria & Eastern...............
46% Pittsb. Cin. Chic. & St. L .
Do
pref.
65%
Pitts. Ft. W . & Ch., guar.
19 " P eading, voting tr. c t fs .
45 XV 1st pref., vot. tr. ctfs.
23% 2d pref., voting tr. ctfs..
Rensselaer & Saratoga...
119
6%
5254
18
7
5754
27
4%
10
25
85
188
15%
8%
28%
H54
170
25
45

Do
pref.
Rom e W atertown & O g d ..
Q t. J. & G. Isl., vot. tr. cts.
O Do
1st pref.
Do
2d pref.
St. L. & S. Fr., vot. tr. ctfs.
Do
1st pref.
Do
2d pref.
St. Louis Southwestern...
Do
pref.
Do
pref.
St. Paul Minn. & Man.......
Southern Pacific Co..........
Southern, voting tr. ctfs..
Do pref., vot. tr. ctfs.
HPexas & Pacific...............
A h ird Avenue (N. Y . ) . . . .

R ange fo r p re­
R a n ge fo r y e a r 1898.
S ales
Of the On b asis o f lo o -sh 're lots v io u s y e a r (1897).
W eek.
L ow est. 1 H igh est.
L ow est.
H ighest.
S h a res
746 6554Mar 29
240 19%Jan 8
9,113 110%Mar 12
%Jan 7
340
4 Feb 28
810 88%Jan 5
375 57 Mar 23
§168 Feb 25
15,661 1554Mar 25
29,410 86 Mar 12
9,195 18%Mar 26
182 Jan 26
23 Feb 21
2 50%Mar 15
100 §116%Mar26
554Mar 7
610
1,095 45 Feb 24
690 1354Apr 25
6 Mar 26
968
1,271 52%Mar 12
2,895 2254Feb 24
3% Jan 24
25
79Í Mar 12
595
2054Jan 6
100 78 A pr 20
268 123%Jan 12
2,550 12 A pr 18
7 A pr 21
8,389
24,070 28%Mar 26
8%Mar 12
4,605
855 155 A pr 21
§15 Feb 10
§38}¿ Feb 8
1654Jan 12

2254 A/ nion Pacific R y ............ 28,512
Do
...p r e f. 196,708
6% Un. Pac. Den. & G., tr. rec. 10,525
1,690
754 XXTa bash...........................
» » Do
pref. 15,338
19
7,600
9454 W est Chicago Street.........
850
2 Wheel. & L. E., $ 1 ass’t p d .
345
Do
pref.
do
11%
20
4 W iscon. Cent., vot. tr.ctfs.
Do
pref.
do
8
M ls c c lla n ’ s S to ck s.
126
A dams Express...............
§103 103
*100 140 -¿American Coal.................
2,865
19% 20% American Cotton Oil.........
801
Do
pref.
74% 74%
155
12354 §128 American Express.............
7,955
28
29%
2,80r
Do
pref.
77% 7854
9,02
10% 11 American Spirits M fg .......
1,609
Do
pref.
2754 2754
130% 133% American Sugar Refining. 354,60'
715
Do
pref.
§111 112%
19
American Teleg. & Cable..
§91
91
108 11154 American T ob a cco............ 130,072
602
Do
pref.
*115 119
354
354 D a y State Gas................... 15,985
1,000
119% 120 X>rooklyn Union G a s.. . : .
225
4%
4% Brunswick Co., Sdinst. pd.
1 /'Colorado Coal & I. Devel.
*54
Do
pref.
3
*154
2154 22 Colorado Fuel & Iron........
Do
pref.
90
§654
654 Col. & H ock. Coal & I r o n ..
*165 180 Commercial Cable..............
8,846
18454 186% Consolidated Gas (N. Y .)..
1,375
83
34 Consolidated Ice .................
Do
pref.
*85
89
*38
44

16%Mar
45%Mar
6%Apr
6MMar
145iMar
87% Apr
l% M ar
9%Mar
%Jan
5 Feb

22%
21%
56%
56%
6%
6%
7%
754
1754
1754
93%
9354
2
2
1154 §11%
4
*154
♦8
8

§101
*100
1954
7354
§12754

101
140
19
72
127

1054
25
12154
109

*117

70
69
80% *30
114
115
154
*154
*4
6
46
64
§65%
*1«7
18%
18%
43%
43%
22%
2254
*180

21%
5554
654
*654
16%
x91
*1%
*8%
*154
*8

21%
55 %
6%
754
16%
89
254
11
2
6

1054 1094 1154 10% 11
25
26
26
2654 2654
127% 129%
12454 126% 130
109 §110 111
110 110
t
*
91
590
90
91
102 104
10354 108
107 110%
116 116
11654 11654 11754 11754
2%
2%
2%
294
294
254
115% 115%
11254 11254 118 115
*3%
*394
454
454
454
454
1
1
1
*54
*54
*54
8
3
3
*154
*154
♦154
20
21
21
§1854 1854 20
90 *
90
90
*5
6
6
654
*5
654
*150 180 *160 180 *150 180
175 175% 176
183
180 18254
33
3154 3154 §33
3254 83
*84
88
*84
*84
88
90
♦39
42
*38
*38
44
*46
52

*68
♦29
113
154
*354
*43
64
*167
17%
41%
21%
*180

54
118
6%
53
18
7
57%
26%
4%
«54
*
24
83
*78
*131 184
14
14%
8%
854
27% 28%
10% 11
170 170
*
25
*
45

*11654 118 *11654 118 *117 118
5%
*6
5%
6
6%
*454
4854 4854 50
5054 5054 52
1454 1554 16
*18
§16
17
*5%
6%
6%
654
654
654
555*; 5554 §56
56%
5694 56
2554 26
2554 25%
2454 24%
§5
*4
5
4%
4%
*454
§9%
954 10
*954 1054
994
*
24
24
24
è
80 *
80
80
80
182% 132%
*180 135 §130 130
18
13%
1394 14
1294 13
8
8
8
894
854
854
26% 27%
2594 26
2754 28
10% 1054
*954 1054 10
1054
*160 165
16254 1 6656 170 170
•
25 *
25 *
25
t
45
45 *
45 ♦

F r id a y ,
M a y 6.

STOCKS.

54

5122
22
51 Ù8U 1 n s u
34
84%
20
2154

84
22

50

I ? astern E levator............
-Eidison Elect. 111. (N. Y . ) .
Edison Elect. 111. (B ’klyn ).
34% General Electric.................
2254 TTawaiian Com. & Sugar.
X X . B. Claflin Co...............
Homestake M in in g...........

25
60
11,945
1,300

*44
♦46
44
85
*4
*40

50
45%
85
8
55

*49
: 44
*83
*3
*40

*44

45
88
6
55

4454 45%
*85
90
*8
5
*40
55

O U T S ID E S E C U R IT IE S (G iven
S tr e e t R a ilw a y s .
BklynCrosstn5sl998.J&J
B ’klyn Elevated...............
B kinH gtslst 5s 1941A&0
BQnsCo.&S.—1st 5s. 1941
Bklyn Rap. Tran.—See Sto
Cal.Cem Gr.&B’k y n lst 6s
Coney Island & Brooklyn.
1st 5s 1904..............J&J
5s certfs indbtl916.J&J
Gr.St.&New l8t5s’06A & 0
G’ p’t & Lorim er St. lBt fis.
Kings Co. E levai— Stock
■Bonds—See Stòck Exch.




Bid.
105
10
90
105
ck Ex.
110
140
108
100
104
110
-» I » .
List.

Ask.

at foot of

S tr e e t R a ilw a y s .
Kings Co Traction—Stock
1254 Nassau Elec 5s 1944. A&O
NewW m b’g&Fllstex.454s
91
NY& Qus Co 5s 1946. A&O
108
Steinwaylst6sl922.J&J
List.
OTH E R CITIES.
Balt Consol—Stock—See
Bridgep T r -ls t 5s ’ 23.J&J
105
10254 Buffalo Street Ry—Stock.
1st consol 5s 1931. F&A
106
Crosstown 5s 19S2M&N
" 8** Chicago City R R —S tock..
CitizensT St (I,nd’nap)-See

9%Dec 1494 Deo
215%Mar 215%Mar

*97%Apr 29 §180 Feb 10
1554Mar 25
66 Mar 14
§116 Jan 6
25 May 5
76%May 5
654Jan 20
16 Mar 26
10754Mar 26
103 Mar 25
§88 Mar 29
83%Jan 24
112%Mar 11
2%Mar 21
106 Mar 26
SJéFeb 28
MApr 7
2%Apr 8
17 Mar 12
4%Mar 25
167 Mar 26
27%Mar 25
83% Apr 28
145 Feb 14
45 A pr 20
65%Mar 11
119 A pr 8
106%Mar 5
29%Mar 12
15% Apr 22
92 Jan 27
43 A pr 2
44Jj¡Apr 25
8754Mar 25
85 Mar 12
4 Jan 20
45 Mar 28
140 Mar 9
Jan 29
Jan 20
26%Mar 26
A pr 22
15 Mar 25
5 A pr 25
60 Mar 25
80 Jan 27
6% Apr 15
14 A pr 5
4%Jan 15
3%Jan 4
19 Jan 3
21 A pr 21
§325 Mar 28
8654Mar 26
165 Mar 12
2 Jan 26

23%Jan 10
7754Feb 1
180 Feb 14
2954May 6
7854May 6
654N0V 15% Aug
1154Apr 27
2754Apr 21 15 Dec 36 A ug
145 Jan 1 10954Mar l5954Sep
116 Jan 6 10 O54Jan l2l54Sep
§93 Feb 11 8554Jan 94 J ’ne
117 A pr 14 6 754Feb 9694A ug
U854Feb 18 100 Feb 115 A ug
8% Oct 1654A ug
551Jan 21
125 Jan 24 85 Jan 187 Sep
% J’ne a 854Dec
654.Ian 8
2 A ug
%Jan 28
% J’ly
5 Sep
2 Oct.
2%Apr 8
2 6% Jan 11 1554J’ne 27%Sep
70 Noy 85 May
7% Aug
8%J’ne
<54Jan 18
16254May 16254May
19554Jan 25 13654Jan. 24l54Sep
8794Jan 24 28 Nov 4194J’ly
91 Feb 15 80 J ’ne 9054J’ly
§45 Feb 14 85 Feb 8754May
62 A pr 8 20 Jan. 60 N ov
66 Mar l i
185 Jan 20 101%Jan. 182WSep
111 Feb 8 97 Feb 11554Aug
3994Feb 7 28%May 4194Sep
8654Feb 15
9254Feb 10 81%J’ly l0154Oct
46 Feb 24 85 Mar 4554Dec
55%Jan 29 2954Apr 50 A ug
4654May 6 22 May 49%Aug
9454Jan 14 7054Mar 96 Aug
7 J ’ne
4 Aug
5)4Jan 24
§51 Feb 2 40 J ’ly 52 Deo
14554Feb 10
§54 Jan 29 42 May 61 Sep
65 Feb 9 88 Apr 60 Aug
37%Jan 7 21%Feb 44 Sep
l0954Feb 10 88%Feb 109%Sep
19 Jan 14 10 May 2 354A ug
8 May 13 Aug
9 Feb 10
80 Jan 18 5154Mar 90 Sep
85|Apr 45 Aug
30 Jan 27
854Aug
4% May
854Feb 7
26 Jan 24 22 Dec 8154 Aug
654Aug
3%Apr
6%Feb 17
S54N0V 10% Jan
354Jan 4
31 May 6 12 Nov 1854 Deo
32%Feb 4 24 Jan. 8954Sep
§350 Feb 25 380 Dec 340 Mar
9954Feb 11 91 Nov 97%Deo
18994Feb 11 152 Jan. 185 Sep
454Aug
154J’ne
254Jan 7
8 Apr 13 A ug
SO 51% Aug 6554Jan
l47",Tan 24 81 Jan 140 Deo
2%Dec ll% J a n
5%Feb 16
17 May' 3554Sep
2854Jan I I
9 Aug
6 Apr
6%Jan 8
45 Feb 9 87 Feb 48 J ’ly
6%May IO54Aug
794Feb 7
67 Jan 81 50 Apr 72 Sep
21%Feb 15 10 J ’ne 2554Jan
74%Feb 15 50 J ’ly 7054J an
120 Feb 14 97 Jan. 20 Deo
86 Jan 17 68 J ’ne 86 A ug
5%J’ne 10 8ep3
8 Jan 18
93%Jan 10 75%May 96%Sep|
•

7 consecutive pages) . —3 'TREET RAILWAYS, Sc.

98
101

Ask.
47
100
103

115

117

Balt L
5100
78
5110
5107
222
Phila

ist.
105
80
112
109

Bid.

7254Jan 20
88%Feb 17
120%Feb 7
154Feb 11
55ÍFeb 11
475¿May 2
71 Feb 7
17154Feb 11
28% Jan
54%Feb
29 Jan
§184 Feb 15
25 Feb 11
6 IMJan
§123 Jan
8%Feb 11
56 Feb 10
2 254Feb 11
7% Jan
5854Feb
28 Feb
5 Feb
11 Jan
25 Jan
875¿Feb 14
138 Mar |
22 Jan 12
9%Feb 10
8854Feb 11
12%Feb 15
19454Feb 16
§15 Feb 10
§40 Feb 10
20 A pr 4

25 225áFeb 25
12 63%Feb 2
20 1054Feb 18
25
7%Jan 12
7 19j|Jan 13
25 102%Jan 8
29
3% Jan 11
12 16 Jan 12
3%Jan 17
"
5 Feb 5
5

*44
170
*48%
7,270
4 5 '“ 46% T aclede Gas (St. L o u is).
200
pref.
8754 8754 X j D o
*8
5 1V/Tanhattan Beach C o... .
*48
50 ITAaryland Coal, p re f.......
Mergenthaler Linotype. ..
Michigan Penin. Car, pref.
540
*61
65
*6054 62
65
65
§6554 6554 Minnesota Iron...................
6454 6454
4,189
§29% 29%
80
32
32% *30% 3254 ATationai Lead..................
3154 31% 8254
403
pref.
102 10254 §10354 1 05 §10554 10554
*104 108 §10454 10454 i v Do
637
16
16
18
18
*14
*17
18
18
1854
1854 National Linseed Oil........
*
620
5
5
5
5
6
Do
1st
pref.
*58
83
*58
83
*58
83
*60
83
*50
83
Do
2d pref.
*15
30
*15
30
*15
30
80
*15
*15
30
*6
*654
*654
154
154
754
*654
*654
754 New Central Coal...............
754
200
17
17
17
17
4,904
5%
5% North American C o...........
5%
§554
594
554
6%
*554
554
594
5
♦3
*3%
*3
4,195
29
29%
27
29% 81 VXreg. Imp., 5th instal.pd.
2754
2754 29
2954 80
26
22
22%
26
27%
2394 26
2654 2154 p a c i f ic Mall....................... 10,900
X ennsylvania Coal..........
*300
*.32.5
♦325
♦325
*330
93%
94
98% 95
9554 People’s Gas-L. &C.(Chic.) 35,886
9154 9154 9254 9454 93
1,044
178 178
§172 173 x l7 5 % 17 8
*175
L79
17854 17854 Pullman’ s Palace Car.......
354
*154
*154
354
354 LAuicksilver Mining.........
*154
*154
*154
254
Do
pref.
7
7
7
*2%
7
7
*354
*2%
*254
' *254
D ilver Bullion Certific’t’s. 35,000 5 6% Apr 4
*5554 5654
56
56
5754 57%
1485*6Jan 21
Otandard Gas (N. Y .).......
1,535
*4
3 Jan 8
§4
454
5% Standard Rope & T w in e...
4%
§4
4
454
4%
454
20,243
17 Mar 12
TPenn.
Coal
Iron
&
R
R
..
.
20
20
2154 21%
21% 22%
2054 2254
22% 24%
5% Jan 8
X exas Pacific Land Trust
38 A pr 14
*37
41
41 TTnited States Express ..
41
*39
41
*88
*88
41
*37
554Apr 25
525
nited States Leather ..
*6
6
6%
6
§6
6
6%
654
6%
654
7,165 58%Mar 26
Do
pref.
61
6154 62%
61% 625s
61%
5854 5894 5954 61
1454Mar
12
1,850
United
States
R
ubber.......
18
18
19
17%
18
19
17
17
18%
1754
4,243 60 Mar 12
Do
pref.
69
68% 69
67
67%
68% 70
6754 6754 68
2 §1125éMay 5
*113 118 *113 118 *118 120
§11254 11354 *113 118 T XT ells, Fargo & C o .........
86 Jan 17
VV estem Gas (M ilw .)....
754Jan 5
4%
4%
*3
5 W estern Union B e e f.........
*3
82%Mar 26
17,170
W
estern
U
nionTeleg’p
h
..
87%
88
88%
87
88%
9
0
*
8854
88%
8654 8694
* These are bid and asked prices j no sales on this day.
§ Less than 100 shares.
$ E x dividend o f 100 per oent in bonds.
45
43
88
7
55

887

'list,*

Bid.
S tr e e t R a ilw a y s .
Cleveland City R y ............
55
Clevel C ab-lst 5s ’ 09. J&J 5104
Cleveland Electric R y ....
6154
Con 5s 1913.......... M&S 5105
Columbus (Ohio)—Stock.
45
95
Con 5s 1932............J&J
Crosst’w n -lst5s’ 3 8J&D
96
Consol Tract’n i N J )—See Phila
Lake St (Chic)Elev-Stock
1054
1st 5s 1928..............J&J . 69
Louisv St Ry—5 p c scrip. 5 . . . . . .
30
Comm on,...............
B' P referred
!. ri*. ;■■ 87

Ask.
56
10454
62
106
48
100
list.
11
70

‘ s ó :’
94

Bid.
S tre e t R a ilw a y s .
Love Elect Trac (C h ic)...
L yn n& B os-lat5s’ 24.J&D 5.........
3
Metrop W est Side (C h ic).
1st 5s 1942............ F&A 5 45
Minneap St R y-5s ’ 19. J&J
New Orleans Tr—C om ... .
I*
P referred ........................
Notes 6s 1904 ....M & N
North Chicago—S tock ... . 188
1st 5s 1906-16.........J&J 5104
10
No Shore Tr (Bost)-Com .
, Preferred . j « /...... »■,,..; - 67 i,
5 Buyer pays accrued intere

Ask.
105

488*
’ s“
10
75

105
18
,7 2
st«

THE CHRONICLE—BOND

888
BONDS.

H .Y . S T O C K E X C H A N G E
's «
W e e k E n d in g M a y 6.

E

€

P r ic e
F r id a y ,
M a y 6.

BONDS.
N .Y . S T O C K E X C H A N G E ■2 2
£>
W e e k E n d in g M a y 6.

[Vol. LXVi.

W eek ’s
R ange or
L a s t Sale.

R ange
fro m
J a n . 1.

B id . A s k . L o w . H igh . No. L o w . H ig h
Ches & Ohio—(Con.)—
Gen g 4%s registered. .1992 M - S
99 105
R & A Div 1st con g 4s. 1989 J - J 1 0 0 % ......... 100% 100%
91
91
92
937
98% Mar ’98
2d con g 4s............... 1989 J - J
95% 99}
99% Feb.’98
Craig Valley 1st g 5 s ..1940 J - J
W arm Spr Val I s tg 5 s .l9 4 1 M - S
97% 104
99
99
Eliz L ex & B S gu g Ss.1902 M - S .........100
86 %
81
112% 113%
113% Apr.’98
Chic & A lton sink fd 6s. 1908 M -N
94
85
107 111
107 M ar’ 98
Lou. & Mo R iv 1st 7 s..1900 F - A
89% 89%
107% N ov’ 97
2d 7s........................... 1900 M -N
53% 04%
104% M ar’ 97
St L J & C 2 d g u 7 s . ...1898 J - J
Miss R iv B 1st s fg 0 s .. 1912 A - O
Chic Burl & Nor. See C B & Q.
113% 116%
115
Chic Bur & Q con 7s.......1903 J - J .........115% 114
104% 107
107 Feb.’98
Sinking fund 5s........... 1901 A -O
95
98%
105 109
105
Debenture 5s................ 1913 M-N 105 Sale 105
104% 112
105% A pr.’98
Convertible 5s...............1903 M - S *103% 106
109% 109%
109% Feb.’98
Iow a Div sink fd 5 s ... 1919 A - O
98 104
98 A pr.’98
4 s . . . ............................1919 A - O
100 118%
97 101%
99
......... 99
Denv Div 4s................. 1922 F - A * 9 0
80 103
93% D e c ’ 97
4 s .»• •• .
1921 M -S
Chic & Iowa Div 5 s .. . . 1905 F - A
95
95% 100
98
Nebraska E xten 4 s .... 1927 M-N 97% 98% 97
96%
97% 97%
97% M ar’ 98
Registered..........
.1927 M -N
97
119 123
Han. & St. Jos con 6s..1911 M -S * .......120% 119 M a r’98
105 110%
Chic Bur & Nor 1st 5S.1920 A - O * 1 0 2 % ......... 105 M ar’ 98
97
Chicago & East Illinois—
84
10% 110%
16% M ar’ 98
1st sf cur 6s................... 1907 J - D
S m all..............................1907 J - D
22 130
22 Apr.’ 98
1st con g 6s...................1934 A -O ..........122
99 99
01% 108
02
104
General con 1st 5 s . ...1937 M -N 102% Sale
01 105
102
102
R e gistered ................ 1937 M -N *102
100% 109
109 Feb.’98
Chic & Ind C R y 1st 5s. 1930 J - J
Chicago & Erie. See Erie.
Chic Ind & Louisville—
98% 100
118%
12% 112»
Louisv N A & Ch 1st 0s..’ 10 J - J 112
89
82
82
Chic Ind & L re f g 5s.. 1947 J - J ■ 80
105
100
100
Refunding g 0s............1947 J - J ‘ 99
9%
9%
Chic & Mil. See Ch. & N W .
105% 105% Chic Milwaukee & St Paul—
140 148
141 A pr.’ 98
1st 7s $ gold R D ......... 1902 J - J 140
1st 7s £ gold R D ....1 9 0 2 J - J
102% 107%
37% 140%
140% M ar’98
1st Iowa & D 7s........... 1899 J - J 140
140 144
141 A pr.’ 98
1st C & M 7s................. 1903 J - J 140
38 143
140 A pr.’ 98
Chic Mil & St P con 7 s.l9 0 5 J - J 140
139% 142%
140% M a r’ 98
1st 1 & D Exten 7 s .. ..1908 J - J 140
118% 119%
19% Jan.’98
1st Southwest Div 08.1909 J - J
110 110
110 M a r’ 98
1st L a Crosse & D 5 s.. 1919 J - J
114% 121
115% 115%
1st So Minn Div 0 s .... 1910 J - J 115
79
87%
130 130%
130 F e b ’ 98
1st Hast & D Div 7 s... 1910 J - J *122
109 O ct.’ 97
5 s ................................ 1910 J - J
118 121
118
M
ar’98
110%
119
Chic & Pac Div 6s........1910 J - J
111 117
113
Chic & P W l s t g 5s.... 1921 J - J 115% 110 113
114% 117
14% M ar’ 98
Chic & Mo R iv Div 5s. 1920 J - J 110% .......
87%
107 110
Mineral P oint Div 5s..l910 J - J 109 ....... 107 M a r’ 98
97
112 113%
12 A pr.’ 98
Chic & L Su Div g 5s. .1921 J - J 112
111 115%
11 A pr.’ 98
W is & Minn Div g 5 s.. 1921 J - ’ J 111 % ......
ill
115
Terminal gold 5s......... 1914 J - J 1 1 1 % ....... 111 A pr.’98
127% 127%
27% Jan.’ 98
Far & Sou assu g 6 s ... 1924 J - J *110
104% 100
100%
May’9
“
C ontsinktun d 5s........1916 J - J
127 127
109 113%
110 A pr.’ 98
Dak & Gt So g 5s.........1916 J - J
123 123
102 107
102
Gen gold 4s series A . .1989 J -J 5 102% 104 102
104% 105%
05% Feb.’98
Registered..................1989
120 122%
121 120 M a r’98
Mil & No 1st M L 6 s.. 1910 f c *
123
117
h
i
125
117
117
118
J
D
1st consol 0 s .............. 1913
138 145
138
138 Sale 138
Chic & Nor W est con 7 s. 1915
105% 109
IIS H 0 %
114 A pr.’ 98
114
Gold 7 s .........................1902
100 109
113 116%
113 A pr.’ 98
Registered.................. 1902 J - D 114
116% 118%
17 M ar’98
Sinking fund 0s.. 1879-1929 A -O 110
15 N’v .’tì
115
Registered.......1879-1929 A - O
iïi%
100 A pr.’98
Sinking fund 5s. 1879-1929 A -O 107
105 105
109% D e c ’ 9
Registered.......1879-1929 A -O 105
1 0 7 % 111
15
115
115
Sale
M
-N
Sinking fund deb 5 s .. .1938
105 111
17 Mar *98
Registered..................1933 M -N
25-year debenture 5 s .. 1909 M -N 106 107% 08 A pr.’ 98
109% M a r’ 98
R e g iste re d ................ 1909 M -N
30-year debenture 5s. .1921 A - O 111 113% 110% Feb.’98
117% Feb.’98
R egistered.................1921 A - O
105 Feb.’ 98
Extension 4 s .... 1880-1920 F - A 101% 104
Registered.......1880-1920 F - A
87
93%
99
Gen gold 8%s................ 1987 M -N
114 119%
R egistered................. 1987
100 107
100 A pr.’ 98
Escan
&
L
Sup
1st
6
s..
1901
84% 92%
Des Mo & Minn 1st 78.1907 F - A
Iowa Midland 1 st8 s ... 1900 A - O
30
44%
101% 102%
102% A pr.’98
Chic & Mil 1st 7s.........1898 J - J
11
15%
W inona & St Pet 2d 7s.l907 M -N
8%
7%
117 117
117
Jan.’
98
M
S
Mil
&
Ma<J
1st
0s.........1905
92
92
109 109
109 M ar’ 98
Ott C F & St P 1st 5 s..1909 M - S
95% 95%
105 105
105 A pr.’ 98
North Illinois 1st 5 s ...1910 M - S
133% 137
133%
Apr.’
98
M-N
104% 104%
Mil L S & W l s t g 0 s ..1921
105% F e b ’ 9 “
............. .
Convertible deb 5 s ..1907 F - A
l 16% 117%
117% Feb.’98
110% 110%
E xt & Imp s f g 5 s... 1929 F - A 112%
133 134
134 M ar’ 98
109% 114%
Mich Div lstg o ld 0S.1924 J - J
135 135
135 Feb.’ 98
108% 114%
Ashland Div 1st g 6sl925 M - S
112 113
112 A pr.’98
99% 103%
In co m e s...................... 1911 M -N 108
130 132
132 A pr.’ 98
90
93
Chic R ock I & Pac 6 s....1 9 1 7 J - J 129
128 131)
128 A pr.’ 98
110 110
R e g iste re d ................. 1911 J - J 128
105% 100%
100
%
100
%
J
J
E xt and collateral 5s.. 1934
105 106%
106% A pr.’98
R e g iste re d ................ 1934 J - J
104% 108
105% 105%
Debenture 5s.......... ,..1 92 1 M -S 105% ..
103 103
Registered ............ 192 M -S ■105% ..
103 103
General gold 4s............1988 J - J 101 102%
101% 103%
R egistered........ .
1988 J - J
92
85
92 Feb '98
89
Des M A Ft D 1st 4 s ..1905 J - J
69% 70%
70 Feb.’98
70
1st 2 % s.............. .....1 9 0 5 J - J
M
ar’97
83
Extension 4 s ............ 1905 J - J
103 109
103 A pr.’98
E eok & Des M 1st 5s.. 1923 A - O
100 A p r’ W7
A -O
Small........................
100%102
101 101 Chic & St L. See A t T & S F.
Chic St L & N O. See 111 Cent.
101 103
Chic St L & Pitts. See Pa Co
126% 138
127 Apr.’ 98
100 102% Chic St P M AO con 6 s ..1930 J - D 128
130 133
130 M ar’ 98
40
Ch Si P & Min 1st 0s. .1918 M -N 125
40
Nor W isconsin 1st 6 s..1930 J - J
126 132J
127 A pr.’ 98
101% 101%
St P & S City l s t g 0s. 1919 A - O 125
79% 875
83
82
83 Sale
119% 120% Chic Ter T ransferg4s ..1947 J - J
100 J'n e’9
115% 120% Ch & W est 1 1st s f g 0s. 1919 M -N
117% 122%
118% Apr.’ 98
111 117
General gold 0s............ 1932
113 114% Chic & W est Mich R y 5s. 192' ? :£
73% 84%
Coupons off.................. 192

A s k . L ow . H ig h . N o. L o w . H igh

B id .
& Chic Jnc. See B&O.
A kron
labama Cent. See Sou Ry.

A labam a Mid 1st gu g .. .1928
-Albany & Susq. See D & H.
Allegheny Val. See Penn Co.
-Am Dock & I. See Cen o f N J.
A nn A rbor 1st g 4s........ 1995 Q -J t
<Atch T & S Fe gen g 4s . 1995 A - O
Registered.........•....... 1995 A - O
A djustm ent g 4s.........1995 N ovt
Registered..................1995 N ovi
J
Equip tr ser A g 5 s .... 1902
’Chic & St Louis 1st 6s.l915 M-S
A tl A v Bklyn imp g 5 s .. 1934 J - J
Atlan & Danv 1st g 5 s.. 1950 J - J
Atlanta & Char. See Sou Ry
Austin & N W . See So. Pac.
at Creek &S. See Mich Cen
alt & O 1st 0s Pkbg B r.’ 19 A -O
Gold 5s................ 1885-1925 F - A
Coupons off..............
Registered.......1885-1925 F - A
Eng certf o f deposit
Consol gold 5s.............. 1988 F - A
Registered..........
1988 F - A
J P M & Co ctfs o f dep
B altB ’lt ls t g 5 sin tg u .l9 90 M -N
W V a & P l s t g 5s.......1990 A - O
M onon Riv I 8 tg u g 5 s .l9 1 9 F - A
Cen Ohio R l s t c g 4 % sl9 3 0 M -S
•Col&CinM Istex t4 % sl9 3 9 J - J
A k& C J 1st in tg u g 5 s. 1930 M -N
Coupons off..............
P itts & Con 1st g 4 s .. .1940 J - J
B & O S W 1st gug4% s. 1990 J - J
B & O S W R y co n g 4 % s 1993 J -J
1st inc g 5s ser A . .. .2043 Novt
Series B ...................... 2043 D eci
B & O S W Ter Co gu g 5s.’42 M -N
O hio & Miss 1st con 4s. 1947 J - J
2d consol 7s................1911 A -O
1st Spr’gfleld Div 7s. 1905 M -N
. 1st general 5s.. .....1 9 3 2 J - D
Beech Creek. SeeN Y C & H .
Bel & Car. See St L A & T H.
B oonev Bridge. See M K & T.
Bway & 7th A y. See Met S Ry.
Bklyn City 1st con 5s 1910-41 J - J
Bklyn El Tr C o cf Istg 0sl92 4
Tr Co, ctfs 2d g 5s....... 1915
2d instal pd..............«•........
' 43& B B TC ocfs ls tg u g 5 s ’ 42
2d instal p d ............... .
Un El Tr Co cfs lstgu g6s’37
Bklyn Rap Tr g 5s.......... 1945 A -O
Bklyn & Montauk. See L Isl.
Bruns & W est l s t g 4 s ..1938 J - J
Buff N Y & Erie. See Erie.
Buff R & P gen g 5s.......1937 M -S
R och & Pitts 1st g 0 s..1921 F - A
Consol 1st 0s............1922 J - D
Cl & Mab 1st gu g 5s. .1943 J - J
Buff & Southwest. See Erie.
Buff & Susq 1st gold 5s..l913 A -O
R egistered....................1913 A - O
B ur C R & N 1st 5s.........1900 J - D
Con 1st & col tr g 5s... 1934 A -O
Registered.......„ ........ 1934 A - O
M & St L 1st gu g 7s. .1927 J - D
C R I F 4 N W 1st g 0 s..’20 A -O
. 1st gold 5s.................... 1921 A -O
anada South 1st 5 s... 1908 J - J
2d 5s.......................... 1913 M -S
Registered........... ..........1913 M -S
■Carb&Shawn. SeeStLA&TH.
Carthage & Ad. See N YC & H.
C R Ia F & N . S eeB C R & N .
Central Ohio. See Balt & O.—
Cen RR & Bkg Co o f Ga.—
•i Collateral gold 5s.........1937 M -N
C ent o f Ga Ry—Istg 5 s ..l9 4 5 F-A*
R eg istered ................ 1945 F-A t
Consol gold 5s...............1945 M -N
R e g istered ................ 1945 M -N
1st pref incom e g 5s. ..1945 Oct.t
2d pref incom e g 5s... .1945 Oct.*
8d pref incom e g 5s. ...1945 Oct.*
M & N Div l s t g 5 s ....1 9 4 0 J - J
Mobile Div 1st g 5 s ... .1940 J - J
Mid Ga & A tl Div 5s. .1947 J - J
C ent o f N J—1st con 7s. 1899 Q -J t
1st convertible 7s....... 1902 M -N
Convertible deb 0 s .... 1908 M -N
General gold 5s............198 J -J
Registered................. 198 Q -J t
Leh & W B C con as 78.1900 q - m ;
5 s ..................
1912 M -N
A m Dock & Imp Co 5s.l921 J -J
N J South int guar 0s.. 1899 J - J
Central Pacific—
Speyer & Co ctfs dp A.1898
Speyer & Co ctfs BCD. 1899
E xt g 5s series E .........1898 J -J
8peyer & Co ctfs dep E. 1900
, Speyer & Co c t f B’G H l. 190"
San Joaquin B rg 0 s ...1900 A -O
Guaranteed g 5s..........1939 A - O
Speyer & Co eng cts
Land grant gold 5s. ...1 9 0 0 A -O
C & O D i v e x t g 5 s . . . . 1918 J - J
W estern Pacific g 6s. .1899 J - J
No o f Cal ls t g u g 6 s.. 190“ J - J
Guaranteed gold 5s. 1938 A -O
CentW ash 1st g0s tr ctfsl 938
Charles & Sav 1st g 7s.. 1930 J - J
Ches & O—P M fd gs 08.1898 J -J
t Gold 0s series A ........... 1908 A -O t
Gold 0 s . . . . ...........,..,,1 9 1 1 A -07
— 1st cons g 5s.................1939 M -N
R egistered.................. 1939 M -N
Gen gold 414s................1992 M -S

R ange
fr o m
J a n . 1.

W eek ’s
R ange or
L a s t Sale.

P r ic e
F r id a y ,
M ay 6.

Sf

DEICES (5 pages) P age 1.

91

83
83%
80
89%
89% M ar’ 98
58%
61%

83 Sale
88% Sale
01

Jan.’ 98

Sale

.......

95
100

97

A pr.’ 98

103
95

100% 103%
98 M ar’98

92
99

95 Feb.’98
92% A pr.’ 98
97 A pr.’ 98
M ar’ 98
Jan.’98
99

Jan.’ 98

....

87%

80 N ov’ 97
103% O ct.’97
99 Feb.’ 98
00 J ’ne’ 97
9% Feb.’ 98
105% Jan.’ 98
121 D e c ’ 97
102% 105

82%

115 Sep.’97
80%
80%
70% D e c ’ 9'
80
92%

82
Sale

80

....

105
127
123
103

105% Sale

105% 105%
103 A pr.’ 98

105 .......
103
109 110
1 0 7 % .......

108 D e o ’ 9
105 Jan.’ 98
108% 108%
107%
105
100 Jan.’ 97

87
115

88

36
12
5%

'103%
■106%

100

88%
13

....

Apr.’ 98
M ar’ 98
A pr.’98
A pr’ 97

100
122
120

n

A pr.’ 98
Apr.’ 98

î:i

80

38
38
13
13
7% M ar’ 98
92 Jan.’98
95% Jan.’ 98

104% M ar’ 98
113% D e c ’97
110% Feb.’98
112% 111% 112%
108% Apr.’98
99J 100
Sale
90 M ar’98
110 A pr.’ 98
103 Feb.’ 98
103 Feb.’ 98
101 % 101%

■100
■ 50
115
*115
112

102% 105

Feb.’ 98

101
101

102

M ar’ 98
Jan.’ 98
Mar ’98

100
40

A pr.’OS
Feb.’ 98

101% Jan. 98
120 119% M ar’ 98
120 118 A pr.’98
113%
112% 111
114 Feb.’98
70
78%

N o price Friday; these are latest bid and asked this week,

t Bonds due July.

* Bonds due Nov.

II Bonds due June.

- Bonds due Jan.

i Bonds due May

■ages').— GAS SECURITIES, &c.
Bid. Ask.
g i r e r t K a il w a v «.
’ rov & Pawt’ck -ls t5 s ’ 33 {103
78
$
73
Richm R y& E lec-lst 5s’20
13
10
Rochester R y .....................
Cnn Sr 1930.......... A&O
95
Ï0
Scranton Traction........50 t 7
55% 57
So 8ide El (Chic)—Stock.
20
14
Twin City R Tr—C om ... .
100
Un’d'Tr& E ieo(Prov)-6t'k
59 1 62 0*
1st 5s 1°H3
V...M&S $105' 107.
87%
W est Chicago o t ...............
87
Con 1 9 3 0 ........... ..M&N
TTwr»>i 1 *o+.




G a s S e e n r i t ie » .
W orcester (Mass)Tr-Com
P referred ............ ...........

15
92

Ask.
17
94 .

N E W YO RK .
Central Gas.................... 50 1215
Central Union G a s Ist 5s 1927.............. J&J
99% 100%
j ; Consol debanture 5 s .... 107%
Öon Gas (NY)^-Stoek—>N Y Stk: Exch
Deb 5s 1908.......... MAN 107%
Equit Gas (dep)—Stock., 205
loi «* ia o Q ...........v a a «10914 04

Bid.
G a « . S e c u r itie s .
Equit. G.—Con.ös’32.M&S $112%
Mutual Gas...... ................. 290
27
New Am st Gas—Common
64
Do p r e f........................
92
Ist consol 5s...............
77
N Y & E Hiv (dep) com
114
Do preferred...............
Ist 5s 1944.............. J&J 109
Consol ,5s 1 9 4 5 ..J&J 104
Nor Un lß t 5s 1927 ■.•M &N 90
Standard Gas—Common« 127
Do preferred........ ........ 142
Ist 5s 1930........ ..M tlS 111 2

Ask.
110
316
28
06
93
78
118
111
100
95
135
149
114

G a s S e c u r itie s .
BROOKLYN.
Brooklyn Un Gas—N Y St ockEx
1st con 5s—N Y Stock Exch.
Williamsburg Gas—1st 0s 103
OTH ER CITIES.
Baltimore Consolidât—Se e Balt.
Bay State Gas—N Y Stock Exch.
I n co m e s .........................
Boston UniledGas Bonds- -Bosto
25Bufi'ato City Gas—Stock. .
1st 5s 1947
. AÄO* $ 9 0
Burlington (Ia)Gas—Stcfc
8And interest. t.Priee per sh

ch.

List.
nList
26
‘ 92
8T«.

TH E

M a y 7, 1898.J
BONDS.

. 'S
*».2

ST.Y. S T O C K E X C H A N G E S—C«

B rice
F r id a y ,
M a y 6.

C H R O N IC L E . —BOND P R IC E S (5 pages)
W eek's
R ange or
L a s t Sale.

|1

Range
from .
J a n . 1.

W e e k E n d in g M a y 6.
L ow . H igh
B id . A s k . L ow . H igh .
119 Oct. 97
C in H A D con s i 7 s ....1 9 0 5 A -O
1 0 3 « Oct.’ 97
2d gold 4 « s ................... 1937 J - J
1 10 «1 1 1 «
Cin D & 1 1st gu g 5 s .. 1941 M -N 107 1 0 8 « 111 M ar’ 98
C I S t L A C . See C C C A St L.
Cln S & C. See C C C & St L.
City & S Ry Balt 1st g 5s. 1922 - D
Clearfield A Mali. See BRAP.
Cl A k & C eq & 2d g Os..1930 - A
69« 73«
69«
69«
Cl A Cau 1st 5s tr r e c ... 1917 - J
84 O ct.’ 97
C C C Sc St If—G eo g 4 s..1993 - D
90
90 Jan.’98
- J
Cairo Div 1st gold 4 s .. 1939
98«
94 A pr.’ 98
8t L Dlv 1st col trg 4s. 1990 M -N
98
90 Mar ’98
Registered..................1990 M -N
8pr A Col Div l s t g 4s. 1940 M -S
87« 88«
8 8 « Jan.’ 98
W W Val Dlv 1st g 4s. 1940 - J
89
90
90 A pr.’ 98
- J
Cln W AM Div Istg 4 s.l9 9 1
101
101
101
Jan.’
98
Q
-Ft
Cln I 8t L A C l s t g 48.1930
R egistered ................ 1930 Q -Ft
Consol 0s....................1920 M -N 100 .........
114 Oct.’97
Cln S & Cl con l s t g 5s. 1928
1 0 7 « Feb ’97
Ind B1 & W 1st p f 7 s.. 1900
O Ind & W l s t p f 5s... 1938
78«
74«
70
75 Sale
P eo & East 1st con 4s. 1940
21 A ug’97
15
12
Incom e 4s................... 1990 A p r
1
0
4
«
1
05«
1
0
5
«
M
ar’
98
M
-N
01 C C & Ind l s t s f 7S...1899
182 187
132 M ar’ 98
D
Consol 78.......................1914
Consol sinking fd 7s...1914 J - D
128 N ov’91
General consol gold Os. 1934 J - J
R eg istered ...............,1934 J - J
1 0 7 « Oct.’ 97
CAS 1st M C C C A 1 78.1901 A - 0
100 102«
100 M ar’98
Cl Lor & Wh con 1st 5s. 1933 A - O
Clev A Marietta. See Pa R R
J
J
Clev A Mahon Val g 5s.. 1938
R e g iste re d ................ 1938 Qu-J
Clev A Pitts. See Penn Co,
Colorado Midland—
60
60
60 Sale
l s t g 2-3-4s................... 1947
1st g 4 s.......................... 1947
Col A 9th A v. See Met St Ry.
Colum A Greenv. See So Ry.
Col Hock Val A T o t 75 Oct.’97
Con g 5s......................... 1931
7 4 « 71 A pr.’ 98
70
J P M A Co eng cfs *05 pd.
54*
01 Feb.’ 98
50
00
General gold 0s............1904 J - D
30
General lien gold 4 s .. .1990 - J
J
R eg istered .......... ...1 9 9 0
Col A Cin Md. See B A O.
Col Conn A Term. See NAW
Conn A Pas Rlvs 1st g 4 s .’43 A - O
ak A Gt So. See C M A StP,
alias A W aco. SseM KAT,
122 128
122 A pr.’98
Del Lack A Western 7s..1907 M- S
125« 125«
Syr Bing A N V 1st 7S.1900 A -O ...... 120 1 2 5 « M ar’ 98
140 144
140
M
ar’
98
M
-N
133
142
Morris A Essex 1st 7s. 1914
7 s .................................1900 J - J 1 0 2 « ....... 109 N ov’97
107 U 3 «
109
7 s . . . . , ..............1871-190 A -O 100 112 109
130 142
137
ls tco n g u a y 7s.........1915 J - D 137 142 187
R egistered..............1915 J - D
138 1 3 8 «
138 A pr.’ 98
N Y Lack A W 1st 0 s ..1921 J - J 131 138
1 1 8 « N ov’97
A 110
Construction 5s....... 1923
Warren 2d 7 s . . . . . . '. ...1 9 0 0 A -O *106
1 4 7 « A u g’ 97
135
M
-S
Del A Hud 1 stP a D lv 7 s .l9 1 “
143 May’ 97
Registered..................1917 M -S
1 20 «1 2 5 «
120
A lb A Sus Istco n g u 7 s l9 0 0 A - O 12014 Sale 120
R egistered................. 1900 4 - 0 ♦121
110 1 1 8 «
113
Gold 0s....................... 1900 A - O 113 Sale 113
117 117
Registered...............1900 A - O 110 115 117 Feb.’98
Rons A Sar 1st7 s ......1 9 2 1 M-N *132 ....... . 1 4 8 « A u g’ 9 7
141 145
141
R egistered ................ 192' M -N 141 Sale 141
Del Rtv RR Bge. See Pa RR,
Den Con Tr Co l s t g 5 s ..1933 A -O
Den Tram Co con g 0s. 1910 J - J
Met Ry Co 1st gu g 0s. 1911 J - J
87« 95«
89«
90«
90
Den A R G r 1st con g 4s.l930 J - J
108 1 1 0 «
1 0 4 « 108 A pr.’ 98
1st gold 7s..................... 1900 M -N ♦
8 5 « 93
87 A pr.’ 98
Im provem ent gold 5 s .1928 J - D * 85
Des M A Ft D. See C R A l P.
Des M A Minn. See Ch A N W
100
97 100 100 M a r’ 98
Des M Un Ry l s t g 5 s ... 1917 M -N
17
17
17
15
17«
Det MAM Id gr S « s S A. 1911 A -O
Det MATol. See L 8 A M So.
90
Det A Mack Istlie n g 4 s .l9 9 5 J - D
Gold 4 s , . . . . ..................1995 J - D
104 1 1 0 «
1 0 7 « M ar’ 98
Dul A Iron Range 1st 5s. 193 A -O
Registered..................... 1937 A -O
J
J
2d lieu mortgage 0 s . ..1910
92« 92«
9 2 « Feb.’ 98
Dul Red W A S l s t g 5s. 1928 J - J
101 107
101
101
Dul So Shore A A t g 5s. 1937 J - J ♦101
ast o f Minn. See StPMAM
a s t T V a A G a . Ses.SoRy,
fills Lex A B S. See C A O.
film Cort A No. S«eLehANY.
113 110
118 Feb.’ 98
Erie 1st ext g 4 s............. 194r M -N
1 1 6 « D e c’ 9
2d ex t gold 5s................1919 M -S
108 108
108 Apr.’ 98
3d ext gold 4 « s ........... 1923 M -S
1 2 0 « O ct.’97
4th ex t gold 5s.............1920 A -O
104« 104«
1 0 4 « Feb.’98
6th ex t gold 4s.............1928 J - D
138 1 4 7 «
138
1st consol gold 7s....... 1920 M -S 138 Sale 138
140 143
140
Feb.’98
M
-S
1st consol gold fd 7s. .1920
1 8 3 « 139
1 8 8 « A pr.’98
Long Dock con gold 08.1935 A -O 130
141 Sep.’9 "
Buff N Y A Erie 1st 7s. 1910 J - D 130
Buff A S W gold 0 s .. . . 1908 J - J *105
S m a ll.................................. J - J
100 106
100 Feb.’ 98
Teff R R 1st gu gold 5s. 1909 A-O# GOO
108 113
108
108
Chic A Erie 1st g 5 s ... 1982 M -N 100
Coal A R R 1st c gu 0s. 1922 M -N
Dock A Imp 1st curOs.1913 J - J
1 0 5 « O ct.’97
N Y A G r e e n L g u g 5 s.l9 4 0 M -N
Small.....................................
213 8 4 « 93
89
80
8 8 « Sale
Brie 1st con g 4s pr bds.1996 J Registered.................. 1990 J - J
60
74«
6
8
«
6
9
«
6
9
«
Sale
J
J
1st eon gen lien g 3-4s .1990
Registered..................1990 J - J
Escan A L Sup. See C A N W.
65 N ov’ 97
Eureka Springs 1st g 0s. 1933 F - A
114 117
114 A pr.’98
fiv A T II 1st con 0s.......1921 J - J
82
82«
8 2 « A pr.’98
A
-O
1st general gold 5s. ...1 9 4 2
Mt Vernon 1st 0s.........1923 A -O
Bull C oB r’ch l s t g 5s..1930 A -O
7 7 « 78
7 7 « Feh.’ PS
E vA Indlst con gu g 6s . 1926 J - J

.....

D

......

«

«

E

* No price F riday; these are latest bid and asked this week*

Bld. Ask.
O n h S ecu r it !« » .
Gharleston (S C) Gas...25 t ......... 18
Chartiers Valley Gas.......
12
Chicago Consumers lst 5s 9 9 «
Chicago Gas—See N Y Sto ck Ex ch
Cicerô Gas Co ls t 6s......... 100 102
194«
Cincinnati Gas A C ok e...
30
38
City Gas (N orfolk V a ). . . .
80
85
Columbus (O) Gas—Stock
ls t 5s 1 9 3 2 . . . . , . . , .JAJ i 9 7 « 100
Consolidât Gas (B ail) See Balt L 1st.
21
16
Consolid Gas (N J )—Stck
l s t 5* 1 9 8 0 ...,.
T* T 75
80




tin s Se cu ri tie s.
Consurn Gas (J City)—Stk
l s t 6 s ................. ...M A N
Detroit Gas—Stock......50
Consol 5s 191 8 ....F A A
Incom e 5s . . . . .v «,. . . . . .
Denver Consolidated Gas
Fort W ayne (Ind)—Stock
Ist 0s 1925. . . . . ¿. täJAJ
Grand Rapids—S t o c k ..,..
Ist 5s 1915...........'FAA
Hartford (Ct) G a sL L -2 5
Indiana NatA IUGas—Stk
Ist fl. t9'ia . . . v . , .

BONDS.
N .Y . S T O C K E X C H A N G E
W e e k E n d in g M a y 6.

75
89
70
$100
t 42
57
73

80
91
79
102
45
00‘ '
7*

P r ic e
F r id a y ,
M a y 6.

ssm

3.

R ange
fro m
J a n . 1.

W eek ’ s
R ange or
L a s t S ale.

A 8k. L o w . H igh . Y O. L ow . H ig h
i
110 117 4
85
95 1
83
92«

B id .
ASo. See Ch MA St P.
Fargo
lint A Pere M g 0s— 1920 A - O
M -N

112 Sale 110
112«
♦ 83
85 A pr.’ 98
A -O
8 9 « Sale
88«
89«
J - J *100 .........
J -J
J -J

1st consol gold 5s....... 1939
P t Huron Div 1st g 5S.1939
Fla Cen A Pen l s t g 5 s.. 1918
1st land gr ext gold 5s. 1980
Consol gold 5s.............. 1943
Ft S A V B Bge. See StLASF.
Fort St U D C o I s t g 4 « s l 9 4 1 J - J
F t W A D C— 1st g 4-6s. 1921 - D
Ft W A Rio Gr 1st g 3.4s.l928 - J
Fulton Elev. See Kings Co El.
al Har A S A . See S P Co.
al H AH o f ’82 1st 5S.1918 A - O
Ga A Ala R y 1st p f g 5s. 1945 A - O
Ga Car A No 1st gu g 5s. 1929 - J
Georgia Pacific. See So Ry.
Grand Rap A Ind. See Pa Co.
an A St J. See C B A Q.
ousatonic. See NYNHAH.
Hous A T ex Cen. See So P Co.
llinois Cent l s t g 4 s ...1951 J - J
R egistered................1951 J - J
1st gold 3 « s . ............ .1951 J - J
Registered..................1951 J - J
1st gold 3s sterling. ...1 95 1 M - S
Registered..................1951 M -S
Coll Trust gold 4s. . ...1 9 5 2 A -O
Registered..................1952 A -O
L N O A T ex gold 4 s.. 1953 M -N
Registered..................1958 M -N
Coll tr 2-10 gold 4s. ...1 9 0 4 J - J
Registered..................1904 J - J
W estern Line l s t g 4S.1951 F - A
A
Registered .............. ,1951
Cairo Bridge gold 4 s.. 1950 J - D
D
R e g iste re d ................ 1950
Middle Div reg 5s....... 1921 F - A
Chic St L A N O g 5 s .. 1951 J - D
R e g iste re d ................ 1951 J - D
Mem Div l s t g 4 s . . . . 1951 J - D
Registered.............. 1951 J - D
St L A A T H 1st A term
gold 5s
.......... •... 1898 J - D
Registered.................. 1898 J - D
Bellev A Car 1st 0 s .. . . 1923 J - D
St L Sou 1st gu g 4 s ... 1931 M - S
Carb A S ls t g 4s.........1932 M - S
Ind B 1 A W . See C C C A St L.
Ind Dec A W 1st g 5 s .. ..1985 J - J
Ind 111 A la 1st gold 4s. .1989 J - D
1st ext gold 5s.............. 1943 M - S
Int A Gt No 1st gold 08.1919 M -N
2d gold 5 s ................ ...1 9 0 9 M -S
3d gold 4 b.......... ............ 1921 M - S
Iowa Central 1st gold 58.1938 J - D
Iowa Midland. See Ch A N W.
J ”efferson R R. See Erie.

*106 ....... . 105 M ar’98
7 1 « ..... 7 0 «
71
55
57
5 6 « Sale

G

H
X

a l A A G R . See 1 ,SA M S.
an A Mich. See Tol A O C.
K C A MRAB 1st g u g 5s. 1929 A -O
K C P A G 1st A col g 5s. 1923 A - O
Kan C A Pac. See M K A T.
Kansas Mid. See St L A S F
Kansas Pac. See Union Pao
Kentueky Cent. See L A N .
Keok A Des M. See C R 1 A P
Kings Co El ser A 1st g 5s ’ 25 J - J
Ful El ls t g u g 58 ser A .’ 29 M -S
K noxville A Ohio. See So Ry,
ake Erie A W 1st g5s.l93'i J - J
2d gold 5s.................1941 J - J
North Ohio 1st gu 5 s .. 1945 A - O
Lake Shore A Mich South—
Det Mon A Tol 1st 7 s.1906 F - A
Lake Shore dtvid 7 s ... 1899 A - O
Consol 1st 7 s ............1900 J - J
R e g iste re d ............. 1900
Consol 2d 7 s.............. 1903
Registered.............. 190 J - D
Gold 3 « s . . . , ............. 199 J - D
Registered.............. 199 J - D
CinASp 1st guLSAM S 7s’ 0 A - O
K A A G R 1st gucSs. 1938 J - J
Mahon Coal R R ls t5 s .’ 34 J - J
Leh Val (P a), coll g 5 s.. 199 M-N
Registered ............. ....1 9 9 7 M -N
L V A N Y I s t g u g 4 « s ..l 9 4 0 J - J
R e gistered ...............,..1 9 4 0 J - J
Leh V T e r Ry ls t g u g 5 s l9 4 ' A -O
R e g iste re d ...................194 A -O
L V Coal Co 1st gu g 5s.. 1983 J - J
Registered...................j. 1933 J - J
Leh A N Y 1st g u g 4 s ...1945 M -S
Registered..................... 1945 M -S
El C A N 1st g 1st pfOs. 1914 A - O
Gold guar as.............. 1914 A - O
Leh A Wilkesb. See Cent NJ,
Leroy A Caney Val. See Mo P,
L ex A v A P F. See Met St Ry,
Litch Car A W l s t g 6 s.. 1916 J - J
Little RAMem 1st g 5s 1937
Trust Co certfs...........
Long Dock. See Erie.
Long Island 1st 7 s . . . . . . 1898 M -N
1st con g 5s...................1931
il
General gold 4 s . . . . . . . 1938
Ferry 1st gold 4 « s . ... l 9 2 2 M -S
Gold 4 s . . . . . . . . ............. 1982 J - D
Debenture gold 5s.......1934 J - D
N Y A R B l s t g 5 s ....1 9 2 7 M -S
2d incom e.................. 1927 S en
N Y B A M B co n g 5 s . .1935 A - O
Bklyn A Mon 1st g 6s. 191' M -S
1st 5 s ......................... 191 M -S
Nor Shb ls tc o n g g u 5 s ..’32
N Y Bay Ex R 1st gu g 5s’43
Montauk Ex gu g 5s. ..1945 j - j
La A Mo Riv. See Chi A Alt

88

«

♦105

100

Sale

......too

9 9 « Sale

115

90
103
83

M ar’ 98
A ug’97
Feb ’ 97

115
112«
105
102«

M ar’98
J’ly ’97
M ar’ 98
Apr.’98

105 105
65
75
54« 59«
88«

92

1 1 3 « 115
105
101

105
102

«

100
100
103 A pr.’98
98«
99«
101 M ar’98
»9 Sep.’97

100 102
103 103
97«103«
101 101

103

103

A pr.’98

*110

1 1 5 « A pr.’98
1 1 8 « A p r’ 97
1 0 3 « Jan.’ 98

*105« ,

105

D ec’ 97

90
90

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

90

N ov’97

100

Sale

97
80

100
Jan.’98

110
80
47
99

Sale 116
......... 80
......... 48
98
Sale

116
80
48
99

105

115« 123«
103« 103«

12

97
80

2 116
12 78
3 44
4 97

104
88
123«
90
00
103«

K

L

71

Sale

45
* 30

126

120
107
105

■102«

t

81«

09«

40
35

121 A pr.’98
1 0 6 « Feb.’98
107 A pr.’ 9t
1 0 5 « Apr. ’98
U 0 « Apr.’ 98
119 A pr.’98
103
103
103 M ar’ 98
1 0 8 « D e c’97
125

50
38

A pr.’98
M ar’98

110
110
97
98
100
1 0 3 « 1 0 0 « Jan.’08

*110
99

T-ÌI

115« 117«
95 1 0 8 «
100 1 0 0 «

121

106
107
105«
116«
119
102
103

121

106«
110
109«
120«
119«
106«
105

D e o ’97
104«

107 A pr.’98
1 0 9 « J ’ly ’97
9 2 « Mar ’ 98
92

Feb.’ 98

101

8ep.’ 97

113«
92«

93«

1 0 1 « N ov’97
120 M ar’ 98
8 8 « Apr.’ 98
8 6 « A pr.’ OS
100

May’97

1 0 7 « D e c ’ 97

S3

t Bonds due August.
Bid. Ask.
78
71
1 0 2 « 104
60
57
92
88
95
90

-à
£ o

P age

t Bonds due April.

( l a * S e cu r l t i e * .
Indianapolis Gas—Stock.
1st 6s 1920............MAN
Jersey City Gas L ig h t....
Laclede Gas—N Y Stock
Lafayette (Ind) Gas—Stk
1st 0s 1924............MAN
Loganspt A W ab Val—Stk
1st 6s 1925 ............ JAD
Louisville Gas L ig h t.......
Madison (W l*) Gas—Stck
1st 6s 19 ft............. AAO
¡Memphis: G
a s ....
MhVn rj*« fw
m

I Bonds due January.

$ Bonds due J uly.

.— GAS SECURITIES , So

Bid.
110
104
190
Exch.
78
90
57
70
50
$ 97
- .V. •Vi

83
91
00
74
90
00
1Ò0

( l n . Se c ii rh le « .
Bid.
New Orleans Uao L igh t.. 1 0 5 «
Ohio A Indiana—S tock ...
54
1st 0s 1926 ............JAD
66
Peoples Gas A Coke—N Y Stock
Philadelphia C o ............50 t 30
Pittsburg Gas................50 +135
Portland (Me) Gas L ...50 t 85
90
St Joseph (M o )............... .
35
40
5s 1937............... •.. J &J
82« 87«
St Paul Gas—S tock.. . . . . .
38
j Consol 5q 4.944,. w -M A §
76 J78
Syracuse Gas—Stock.'... .• 17
19
i \ nfl interest. tPrice

THE

89u
BONDS.

H.Y. S T O C K E X C H A N G E
W e e k E n d in g H a t 6 .

P r ic e
F r id a y ,
M a y 6.

CT5
fc.®

i

•se

B id .

C H R O N I C L E .—b o n d PRICES (5 pages) Page 3.
W eek's
R ange or
L a s t Sale.

Ìo.®
2

R ange
fro m
J a n . 1.

A s k . L ow . H ig h . N o. L ow .H igh .

L E & S t L C o n c n g 5 s .l9 3 9 . )
32
33
33 Feb.’ 98
T r Co certs!......................... J
9% A ug’ 97
General gold 4s............1943 M - 8
L ouisville & Nashville—
106 N ov’ 97
Cecelian Branch 7 s ....1907 M -S 10114
120% 122
121% M ar’98
N O & M l s t g 6 s . . . . . .1930 J - J 120
107% 107%
107% Feb.’98
2d gold 6s................... 1930 J - J
118 117
113 A pr.’98
E H & Nash l s t g 6 s... 1919 J - D 113 . . .
116% 120
118
General gold 6s............ 1930 J - D 117% 118% 118
108% Sep.’97
Pensacola div gold 6s. 1920 M -S
121 J ’)y ’ 97
St L div 1st g 6s.......... 1921 M - 8
2d gold 3s................... 1980 M -S
110 D e c '9 1
Nash & D ec 1st 7 s....... 1900 J - J
B inkfd (S&A) g 6s. ...1 9 1 0 A - O
94
98%
94% A pr.’ 98
S & N A e o n g u g 5 s . ...1986 F - A
i 100% 104%
Gold 5s.......................... 1937 M -N 100% Sale 100% 100%
84 83
85%
88
Unified g 4s................... 1940 J - J
Ö:i%
S7JI Sale
B egistered........ ’....... 1940 J - J
1 99 109
09
99
Pens & A tl I s tg u g 6 s .l9 2 1 F - A
101% 108%
99 ....... 101% Apr.’98
Coll trust g 5s.............. 1931 M -N
ÍÓ 108 108
108
L& N & M & M lstg 4 % s.l9 4 5 M - S 107% 109 108
87% 95
87% A pr.’98
N F la & S l s t g u g 5 s ..1937 F - A
85
91
85 A pr.’98
Kentucky Cent g 4 s ... 198 J - J ' 84
103 103
103 Jan.’ 98
L C ln & L e x g 4 % s....l0 3 1 M -N 106
L & Jeff Bge Co gu g 4s. 1945 M -S
L N A & C. See C 1 & L.
103 109
109 M ar’ 98
Louis By Co 1st con g 5s. 1930 J - J
ahon Coal. SeeL 8 & M S.
00
08%
91%
92
anhattan B y con 4s. 1990 A - O 92
Sale
114% 119%
117
Metropol El 1st g 6s.. .1908 J - J 117 Sale 115
101 105
101
101
2d 6s............................ 1899 M -N 100
Man S W Coloniz g 5 s ... 1934 J - D
Market St C By 1st g 6S.1913 J - J
M cK ’p t& B V. SeePMcK&Y.
Metropolitan El. See Man Ky.
108% 116%
112
M et St By gen c tr g 5s.. 1997 F - A 112 Sale 109
114% 122%
118%
B w a y& 7 tb A vlstcg5 s.l9 4 3 J - D 116 119 118
B eg istered ................ 1943 J - D
116 123%
Col& 9thAv Is tg u g 5 s .l9 9 3 M -S 117% Sale 117% 117%
B eg istered ................ 1993 M -S
L ex A v & P F 1st gu g 5s.’ 93 M -S i i 4 % : : : : : 117 A pr.’98
L Í7." 123%
M -S
B eg istered .............
63
66%
M ex Cent con gold 4 s ... 1911 J - J
63 A pr.’98
1st con incom e g 8s. ..1939 J ’lyt
2d con incom e g 3s. ...1 9 3 9 J ’lyt
Equip & coll g 5s.........191 A - O
75% 111 70% 75%
75% Sale
M ex Internet 1st con g 4s.’ 77 M -S
M ex Nat 1st gold 6s.......1927 J - D
2d Income gold 6s A ..1917
Coupon stamped .............. M-St
J ’ly ’ 97
2d Income gold 6s B ..1 9 1 7 An.
Feb ’97
M ex North 1st gold 6s. .1910 J - D
B e gistered ...................1910 J - D
118 115%
118 M ar’ 98
Mich Cent—1st con 7 s.. 1902 M -N
103% 106%
103% Apr.’ 98
1st con 5s..................... 1902 M -N 102 %
122 123
122 Feb.’ 98
6s....................................1909 M - S ■101 % .
121 127
121 A pr.’ 98
5s................................... 1931 M -S
125% 125%
125% Jan.’ 98
B egistered................ 1931
106 106
106 Feb.’ 98
4s................................... 1940
108 108
B egistered ................1940 J - J
108 Jan.'98
Bat C & Stur 1st gu g 8s ’89 J - D
Mid o f N J. See N Y Sub & W
Mil Elec B y & Light consol
80-yr g 6 s .................... 1926 F - A
M L 8 & W . See Chic & N W
Mil & Mad. See Chic & N W
Mil & North. See Ch M & St P
Mil & St P. See Ch M & St P
Min & St L g u . See B C B & N
Minn & S tL —l s t g 7s ..1927 J - D *180 ....... 143 J ’ly ’ 97
100% 108%
1st cons gold 6s...........1934 M -N 101% Sale 101
101%
127 N ov’ 0~
Iowa ex 1st gold 7 s ... 1909 J - D
South W est ex 1st g 7 s .'10 J - D
121% A u g’97
Pacific ex 1st gold 6s .1921 A - O
M & P 1st 5s st 4s int g u ..’86 J - J
M 8SM&A 1st g 4s int g u .’ 26 J - J
■M StP&SSM con g 4s ln tgu ’ 38 J - J
Minn St By 1 stc o n g 5 s .1919 J - J
Minn Un. See St P M & M.
82% 91%
85
88%
88% Sale
Mo Kan & Tex—I s t g 4 s .l9 9 0 J - D
57
67%
59
61%
2d gold 4s..................... 1990 F -A « 61% Sale
83% Jan.’ 98
88
1st exten gold 5s........ 1944 M -N
80
80
85%
M K & T o f T l s t g u g 5 s .’42 M - S
74%
74%
74% Sale
75%
K C & Pac 1st g 4s. ...1 09 0 F - A
84%
75 A pr.’98
Dal & W a 1st gu g 5s. 1940 M -N
Boonev Bdg C ogu g 7s. .’ 06 M -N
Tebo & Neosho 1st 7s. 1903 J - D
03% 90%
05
. . . 95
05
Mo K & E 1st gu g 5s. ..1942 A - O
04
98 100%
96
Mo Pac—1st con g 6s. ..1920 M -N ’ *94% Sale
106
108% 109
3d 7s...............................1906 M -N 106 Sale 104
64 .......
65% 79%
75
75
Trust g 5s..................... 1917 M -8t
B egistered ................191 M-St
65
66%
60
1st coll gold 5s.............1920 F - A
66% Sale
B egistered ................ 1920 F - A
100
100
100 106
Pac B o f Mo 1st e x g 4 s .’88 F- A
106% Feb.’ 98
106% 106%
2d extended gold 5s. 1988 J - J
Verd V 1 & IV l s t g 5 s .. ’ 26 M -S
L eroy & C V A L 1st g 5s ’ 26 J - J
110 107% Feb.’ 98
B tL & IM t ls t e x t g 4 % s .’ 4? F-A§
07% 110%
102% 105
105 102% 102%
2d ext g 5s................ 194 M -N
104% A pr.’ 98
102 108
A rk Branch e x t g 5 s .l9 3 5 J - D
87%
91
86
94%
Gen con ry &la g r tg S s ’ Sl A - O 90% Sale
87 A pr.’ 08
Gen con stain p gt d g 5 s’ 81 A - O ........ 92
86
92%
M IssB ivB dge. See Chic & A lt
Mob & Birm prior lien g 5s.’ 45 J - J
J -J
Small.........................
Incom e gold 4s.............1945 J - J
S m a ll.................................
120 128
Mob & Ohio new gold 6s. .’ 27 J - D 118 122 120 M ar’ 98
119 D e c ’ 97
1st extension gold 6 s .1027 Q -J t *112
75
76
76 Sale
70
80%
General gold 4s...........1038 M -S
St L & Cairo gu g 4s . .1931 J - J * 82
Mohawk & Mai. SeeN Y C & H
Monongahela Biv. See B & O
Mont Cent. See St P M & M.
Montauk Ext. See Long Is.
Morgan’ s La & T. See S P Co.
Morris & Essex. See Del LAW
128 Apr.’ 98
128 181%
XT ash Chat & S tL 1st 7 s.’ 18 J - J
105% N ov’ 97
2d 6s....................... 1901 J - J

M

«

.....

BONDS.
N .Y . S T O C K E X C H A N G E
W e e k E n d i n g M a y 6.

P r ic e
F r id a y ,
M a y 6.

[you LXVI.

W eek's
■8*
R ange or
L a s t S ale.

Range
fr o m
J a n . 1.

S***
B id . A sk. L o w . H igh , N o . L o ie .H ig h .
Nash Chat & St L—(Con.)—
1 100 105
1st con gold 5s............ 1928 A - O ♦ 98% 101
L
101
1st 6s T & P b ...............1917 J - J
1st 6s McM M W & A1.1917 J - J
1st gold 6s Jasper Bch. 1923 J - J
Nash Flor & Shef. See L & N
N ew H & D . S eeN Y N H & H
N J June KB. See N Y Cent.
N J Southern. See Cent N J.
New & Cin Bdge. See Penn Co
N O & N E prior lien g 6s. 1915 A-OT
N Y B & Man Bch. See L I.
N Y Bay Exten KB. See L I.
113% 117%
N Y Cent & H ud B—1st 7s.’ 08 J - J 115 117% 118% A pr.’98
118% 117%
B egistered................ 1903 J - J 115
118% A pr.’98
106 112
Debenture 5s o f. 1884-1904 M - S 106
106 A pr.’ 98
106 111%
Begistered . . . .1884-1904 M - S 1 0 5 % ....... 106 A pr.’98
B eg deb 5s o f .. .1889-1904 M - S 1 0 5 % ....... 109% Sep.’ O
102 105
Debenture g 4 s.. 1890-1905 J - D 102
102% 102%
104% 104%
B egistered...... 1890-1905 J - D 101% ....... 104% F eb.’ 98
100% 105
Debt certs ext g 4 s ... .1905 M -N 100% Sale 100% 100%
104 105
Begistered..................1905 M -N 100 ....... 104 Mar ’98
109 100%
Harlem 1st 7s.............. 1900 M -N 1 0 5 % ....... 109 A pr.’98
109% 109%
B egistered................1900 M -N 1 0 5 % ....... 109% Jan.’98
N J June B gu 1st 4s .1986 F - A *100
108 May’ 9~
B egistered.................1986 F - A
102% 110%
W est Shore 1st 4s g u .2361 J - J 106% Sale 104% 107%
101% 110
B egistered................. 2361 J - J 106 Sale 106
106%
Beech Crk l s t g u g 4s. 1936 J - J
108% N ov’9~
B egistered................. 1936 J - J
2d gu gold 5s....... ...1 9 3 6 J - J
Begistered..................1936 J - J
Clearfield Bitum Coal Corp
l s t s f i n t g u g 4 s s e r A .’40 J - J
86 N ov’ 9'
Small bonds series B . . ’ 40 J - J
Gouv & Oswe 1st gu g 5s.’42 J - D
B W & O g c o n ls t e x t 5 s .’ 22 A -O t
120 123
120 M ar’ 98
Nor & Mont 1st gu g 5 s.’ 16 A - O
B W & O T B ls t g u g 5s. 18 M -N
Oswe & B 2d g u g 5 s.. 1915 F -A 8
Utica & Blk B iv g u g 4 s .’ 22 J - J
107% J ’n e’9'
Moh & Mai 1st gu g 4 s.l9 91 M - S
Cart & A d l s t g u g 4s. 1981 J - D
N Y & P u t ls t c o n g u g 4 s .’ 93 A - O
126 126
N Y & North l s t g 5 s.. 192 A - O 117 127 126 Feb.’ 98
N Y Chic & St L l s t g 4 s.l93 A - O 103% Sale 100% 103% 23 100 107%
104 104
B egistered....................1937 A - O
104 A pr.’ 98
N Y & Greenw Lake. See Erie
N Y & H a r. SeeN Y C & H u d
N Y Lack & W . S e e D L & W
N Y L E & W . See Erie.
N Y & Man Bch. See Long Is.
N Y & N E . SeeN Y N H & H
104% Oct.’ 97
N Y N H & H a r t ls t r e g 4 s .’ 08 J - D
145 160>
Convert deb certs $1,000 . A - O 145%
145 A pr.’ 98
145 1 4 »
Small certfs $ 1 0 0 ..........
145 A pr.’ 98
H ousatonic B con g 5s. 1937 M -N
125% Feb ’ 97
N H & Derby con o s ... 1918 M -N
119 119
N Y & N E 1st 7s.........1905 J - J
110 Feb.’ 98
114 May’ 97
1st 6s.......................... 1905 J - J
N Y & North. See N Y C & H
106 108%
N Y O & W con l s t g 5 s .1939 J - D 108 Sale 107
108
96 102%
Refunding l s t g 4 s . . . . 1992 M-S# 96% 97
97
86«
Begis $5,000 o n ly ... 1992 M-S#
N Y & Put. S e e N Y C & H .
N Y & B B . See Long Ibl.
99 108%
105
N Y S & W —1st re f 6 s...198 J - J 100 ....... 105
84% 91
90 M ar’ 98
2d gold 4% s................... 1987 F - A * 85 .......
83
98
85
90
General g o s . . . . ........... 1940 F - A
90 Sale
110 111%
Terminal 1st g 5s.........1943 M -N * 1 0 7 % ....... 110 A pr.’98
Begis $5,000 e a ch ...1943 M -N
93% 101%
05 A pr.’ 98
Wilk& Eastl st gu g 5s. 1942 J - D
05%
114% 121
116
Mid K B o f N J 1st g 6sl910 A - O
118
N Y T e x & M . See So Pac Co
North Illinois. See Chi & NW.
North Ohio. See L Erie & W,
Northern Pacific—
112 119%
1 1 4 % ...
114% 114%
Gen 1st B B & L G s fg 6 s .’ 21
112 119
115
114% 115% 114
Begistered.. . . . . . . . . 1 9 2 1
120
St P & N P gen g 6s. ..19 2 3
128 D e c ’ 9
115 ....... 126 N ov’97
Begistered ctfs .........1928
94% Sale
Prior lien r & 1 g g 4 s .. 1997
91%
98%
93%
Begistered..................1997
59
60 Sale
General lien g 3s.........2047
60%
B e g iste re d ................ 2047
104 107%
107
107
Nor Pac Ter Co 1st g 6s. 1983
Nor Ky Cal. See Cent Pac.
N orW is. S e e C S tP M & O .
105 105
105 M a r’ 98
Nor & South 1st g 5 s ... .1941 M -N 102
120 125%
120 M a r’98
Nor & W est gen g 6s. ...1 93 1 M -N 117
118 118
118 M a r’ 98
New River 1st g 6 s ... .1932 A - O 115
117 110%
Imprvmt & ext g 6 s . ..1934 F - A
117 F eb.’98
101 Feb ’ 97
C C & T 1st gu g 5 s .... 1922 J - J 103
82
87%
80
82%
Sclo Y&N E Istg u g 4 s.l9 8 9 M -N
82%
74% 85
80 Sale
80
N & W Ky 1st con g 4 s .1996 A - O
76
B e g iste re d ................ 1996 A - O
S m all.......................... 1906 A - O
Nor & Mont. See N.Y.Cent.
g & L Ch 1st con 6 s..1920 A - O
In com e.. . . . . . . . . . . . 1920 A - O
Incom e sm all....................... A - O
O I n d & W . See C C C & St L.
Ohio & Miss. See B&O SW.
102 102
102 Jan.’ 98
Ohio Biver RK 1st g 5s..1936 J - D
General gold 5s............1987 A - O
80
84%
8 4% F eb .’98
D
Ohio Southern 1st g 6 s..1021
11
15
14% Feb.’98
General gold 4s............1921 M -N
10
14%
10 M ar’98
Eng Tr Co certfs...............
76
82
76
76
Om & St L 1st g 4s.........1901 J - J
Ore & Cal. See So P ac Co.
109 109%
109 M ar’ 98
Oregon Imp Co l s t g 6s. 1910
100% 112%
106
108 104
Eng Trust Co ctfs o f dep.
Stamped int pd to D ec 1 ’ 97
82% A ug’ 97
Con gold 5s...................1939 A - O
51
57% 281 49% 62%
56 Sale
Con Tr Co re cfs all Inst pd..
6 111 115
115 113% 118%
J
Ore R y & Nav 1st s f g 6s. 1909
42 89
07
92
94%
94 Sale
Ore R R & Nav con g 4 s.. 1946 J - D
45 118 127%
122
Ore Short Line 1st g 6s. 1922 F - A 122 Sale 118
120
D
e
c
’
97
J 115
Utah & Nor 1st 7 s .. . . . 1908
102 May’97
Gold 5s.......................1926 J - J *100

....

....

....

O

No price Friday; these are latest bid and asked this week. + Bonds due Jan. X Bonds due J uly. II Bonds due June. 5 Bonds due May. T Bonds due NoT-

O U T S ID E S E C U R IT IE S (Gtven
Bid. Ask.
pcnrili''H .
¡use Gas—(Con.)
90
5s 1946.............. J&J 85
ern Gas(Milw)—Stck List.
-See N Y Stock Exch
■lear. & T e l e b b .
•lean Diet Tele—NY Stock Exch
•ican Tel & Cab—NY Stock Exch
•al & South Amer— 101 104
48
& P o to Teleph—Stk
107
a o s ............................ 104
lercial Cable— N Y S tock E xch
UfT
ier ÏIiïioti'Tél (NYy. 110
■e & Bay State Tel. ■“ "70 1 75




at foot of

T e i e g . <fc T t-It.ph.
Erie Teieg & Teleph—NY
Franklin....................
Gold & Stock.....................
B ond s..............................
Hudson R iver Telephone
Internation Ocean............
Mexican Telegraph..........
Mexican Telephone.... 10
New Eng Telep—See Bost
Northwestern Telegraph.
N Y & N J Telephone—
5s 1920
...J & J
Pacifié' & A tla n tic.":.:...

Bid.
40
105
90
70
107
190

7 consecutive pages).— TEL. & ELECTRIC, <&a.

Ask.
Exch
110
73
to s
200
•67%

on list
112
142 145
106%
78'
72

Bid. Ask.
85
W est’n Union Teieg—N Y Stock E xch
E l e c t r i c C o m p a n ie s .
Allegheny Co Light C o...
Br’dgprt (Ct) El Lt Co.25
Consol Electric S torage..
Eddv Electric M fg Co..25
Edison El 111 Co N Y—N V
Edison El 111 Co Brk—N Y
Edison Ore Milling C o....
Edison Storage C o. ; îTÎTfï

127
t 37% 40
20
18
t ......... 13
Stock Exch
Stock Exch
18
10

E l e c t r i c C o m p a n ie s .
East End Electric Light..
Electro-Pneumatic...........
Fort W ayne Elec. Co ..25
Series A ..........................
General Electric Co—N Y
Do pref.—See B oston L
H artford (Ct) Elec L t Co.
H artf’d(Ct) Lt&PowCo25
Mo Edison E lectric..........
Do preferred..................
Narragan. (P rov)E l Co.50
New H av (Ct) Elec L t Co
f Price per share.

Bid. Ask..
t

1
2

1%
4

Stock Exch
ist.
125 128
11
t 6
13
18
43
47
t 83%
160

M

a y

891

THE CHRONICLE.—BOND PRICES (5 page&) Page 4.

7, 1898.]
BONDS.

N.Y. S T O C K E X C H A N G E S t
2» ^

P ric e
F r id a y ,
M a y 6.

W eek's
Range or
L a st Sale.

R ange
fr o m
J a n . 1.

BONDS.
N .Y . S T O C K E X C H A N G E
W e e k E n d in g M a y 6.
¿¡ft,

W eek '8
R ange or
L a s t Sale.

P r ic e
F r id a y ,
M a y 6.

12
o »

Range
fro m
J a n . 1.

i W e e k E n d in o M a y 6.
•5ft,
B id . A s k . L o w . H igh . N o. L o w .H tg h ,
L ow . H ig h
B id
A sh. Low . H ig h .
jt P A S’x City. See C StP M *C
101
97«
96 102
Ore Sh L—1st con g 5s...1946 J - J 1 0 1 « Sale
S A A A P. See So Pac. Co.
00
00
58
69
0 5 « Sale
Non-oum luc A 5a.......1940 Sep.t
105 1 0 0 « Oct.’ 97
S F & N P 1st s f g 5 s ... 1919 J - J
45
39
49
Non-eu ino B * col tr..l9 4 0 Oct.* 4 0 « ......... 45
1 0 4 « O ct.’97
Sav F & W 1st con g 0s. 1934 A - O
Oswego * Home. See N Y C
A
O
1934
1st
g
5s..........................
O C F & S t P . SeeC & N W
Scioto Val * N E. See Nor * W
ao o f Missouri. See Mo Pac
100 1 0 4 « Feb.’98
104 «1 0 4 «
Seab & Roa 1st 5 s.......... 1926 J - J
anama s f s’ bsidy g 6s. 1910 M -N
Sea A B Bdge. See Bklyn El.
Pennsylvania Co—
Sod Bay & So I s t g 5 s ... 1924 J - J
LPenn Co gu 1st g 4 « s . 1921 J - J 109 Sale 1 0 8 « 109
Sale
92
98
So Car A Ga 1st g 5 s.. ..1919 M -N 92
1 1 2 « D e c ’97
Bn- R e g is t e r e d ..............1921 J - J
Southern Pacitic Co—
Gtd 3 « s c o l trust reg. 1937 M -S
107 Jan.’ 98
Gal Har & 8 A 1st g 0S.191O F - A
107 107
P G C A St L coa gu g 4 « s —
105 M ar’ 98
100 105
2d g 7 s ........................1905 J - D 103
111 Mar ’ 98
111 113
Series A....................... 1940 A -O
94«
9 4 « 20 92
96«
M ex A Pac div 1st g 5s.’ 81 M -N 9 4 « Sale
108
108
108 113
Series B guar............. 1942 A - O
H ous & T C 1st W & N 7s.’ 08 J - J 125
Series C g u a r ............1942 M -N
108
A
pr.’98
J
J
108
1
10«
1st
g
5s
int
g
t
d
..
.
.
.
.1937
Oct.’
97
102
Series D 4s guar........ 1945 M -N
110 107 M a r’ 98
107 107
Con g 6s int g t d ....... 1912 A - O
1089: Mar’ 98
106« 106«
Pitts Cln & St L 1st 7s. 1900 F- A
78
79
Sale
Gen g 4s int gtd ....... 1921 A - O
« 80 .
109} ; A p r’ 97
Registered................. 1900 F- A
1 20 «1 2 0 «
1 2 0 « Feb.’ 98
Morgan’s L a & T Is tg 0 s.'20 J - J
140
140
140 1 4 0 «
Pitts Ft W & C 1st 7s. 1912 J - J
127
127
127 127
1st 7s............ ............. 1918 A - O
140 140
140 M a r’98
2d 7s........................... 1912 J - J
A
O
N
Y
T
&
M
exgu
I
s
t
g
4
s
.’
12
A-O*
3d 7s........................... 1912
75 Jan.’ 98
70
75
75
75
Ore & Cal 1st gtd g 5s. 1927 J - J
1 1 2 « A p r’ 97
C St L& P 1st con g 5s. 1932 A -O
5 5 « 02
50«
59«
5 9 « Sale
S A * A P ass 1st g u g 4 s .’ 43 J - J
R egistered ................ 1932 A -O
110
M
ar’
98
F
A
T
e
x
*
N
O
1st
7s.........1905
10*9
A
pr.’98
Clev & Pitts con s f 7s. 1900 M -N 1 0 5 «
1 0 6 « N ov’9
Sabine div 1st g 6s. .1912 M -S *105
(Jen gu g 4Josser’ s A. 1942 J - J
97
98«
98«
9 0 « 98'
Con g 5s ....................1943 J - J
Series B....................1942 A -O
101
1 0 0 « 104
1 0 2 « 103
J
J
l
S
o
P
o
f
A
rgu
l
s
t
g
6
s
.’
09-10
102 Jan.’98
102 102
St L Van A T H 2d 7s. 1898 M -N
110 Jan.’ 98
10 110
S P o f Cal 1st g 0 s.’ 05-12 A - O
1 0 2 « M ar’98
102« 102«
2d guar 7s.................. 1898 M-N
93
9 2 « 97
93«
93«
1st con guar g 5 s.. 1937 M -N
Or R * I e x 1st g u g 4 « s . 1941 J - J
80
82
87«
82«
82«
85
A & N W 1st gu g 5s.l941 J - J
102 N ov’ 97
ALlegb Val gen gu g 4s. 1942 M -S
S P Coast 1st gu g 4s.. 1937 J - J
N A C B d gegeu gu g 4 « s .'4 5 J - J
1 0 7 « Sale 107
1
0
5
«
1
08«
1
0
7
«
J
J
S
Pac
o
f
N
Mex
1st
g
0
s
.’
l
l
Pennsylvania R It Co—
87«
9 0 « Sale
87
94«
91
Southern Ry—1st con g 5s.’94 J - J
108 May’ 97
1st real estate g 4 s .... 1923 M -N
J
J
R
egistered....................
1994
J
J
Con sterling g 6 s.........1905
100 Feb.’ 98
96 100
E Ten reor lien g 4-5s.l988 M - S
Con currency 6s reg ... 1905 Q-Mt
R egistered................. 1938 M -S
Con g 5 s.........................1919 M- 8
1
1
2
«
A
ug’97
J
J
A
la
Cen
R
I
s
t
g
0
s
....
1918
Registered.................. 1919 o - S
A tl & Ch A ir Line Inc. 1900 A - O
Con g 4s......................... 1943 M -N
119 D e c ’ 97
Col & Greenv 1st 5-08.1916 J -C
Cl & Mar 1st gu g 4 « s .l9 3 5 M -N
1 0 0 « 107
E T Va & Ga 1st 7 s... . 1900 J - J 100 ......... 1 0 0 « M ar’98
1
1
5
«
1
1
5
«
1 5 « Feb.’ 98
U N J RR & Can gen 4s.l944 M -S
113
1 1 2 « 115
Divisional g 5s..........1980 J - J 1.........1 1 3 « 113
D R R R * Bge Istgu 4sg.'30 F - A
1 0 7 « 1 0 8 « 108
108
107 1 1 1 «
M
-N
Con
1st
g
5s...............1956
Pensacola A At. See I. A Nash
118 121
1 1 8 « Apr.’ 98
Ga Pac Ry 1st g 5-6s. .1922 J - J
100
95 A pr.’ 98
95
P eo D e c * E 1st g 8s tr reo.’ 20 J - J
112 A pr.’98
112 1 1 7 «
K nox A Ohio 1st g 0s . 1925 J - J
90 Feb.*98
90
Evans Dlv ls t g 6 s tr r e o .’ 20 M -S
118 125
118 A pr.’98
Rich A Dan con g 0s. .1915 J - J
1 4 « D e c’ 97
2d g 58 tr rec 1st pd.. 1926 M -N
101 N ov’ 9 ‘
Equip sink fund g 5s. 1909 M -S
Peo A East. See C C C A St I.
95
95
95
90
A
O
Deb
5s
stam
ped.......
1927
120
120
120
A
pr.’
98
120
121
Q
F
P eo A P et On Istg 6 s ... 1921
100 1 0 5 «
1 0 2 « A pr.’98
Virginia Mid gen 5 s ...1936 M -N
80« 80«
8 6 « Feb.’ 98
8 3 « .......
2d g 4 « s ..............Feb., 1921 M -N
102 106
102 A pr.’ 98
Gtd stamped.......... 1930 M -N
37 N ov’97
Pine Creek reg gu ard s.. 1932 J - D
84 A ug’ 97
W O * W 1st cy gu 4s. 1924 F - A
Pitts Cln A St L. See Penn Cc
110 «1 1 6 «
W est N C 1st con g 0s. 1914 J - J ♦111 110 1 1 0 « A pr.’98
P C C A St L. See Penn Co.
S & N Ala. See L A S .
Pitts Clev & Tol Istg 6 s.. 1922 A -O
Spok
&
Palouse.
See
Nor
Pac.
Pitts A Connellsv. See B A O
92
Stat Isl Ry 1st gu g 4 « s .l9 4 8 J - D
Pitts Ft W & Ch. See Penn Co
Sunb & Lewistn I s tg 4s. 1930 J - J
Pitts Junc 1st g 0s.........1922 J - J
Syra
Bing
&
N
Y.
See
DL&W
P it t s * 0 Erie—2 d g5 s .. 1928 A-oir
1 1 0 « 110}.
1 1 0 « F e b .’ 98
rP e r A o f St L 1st g 4 « s . ’ 39 A - O
Pitts M c K * Yo—I stg u 6 s.’ S2 j - J
1 0 5 « A pr.’98
1 0 5 « 109}
JL 1st con gold 5s. 1894-1944 F- A 1 0 5 «
2d guar 0 s......................1934 j - J
103 O ct.’ 97
St L M Bge Ter g u g 5s. 1930 A -O
M o K e e * B V i s t g 6s. 1918 j - j
Terre Haute Elec R y g 6 s .’ 14 Q -J*
Pitts P & F 1st g 5 s .......1910 j - j
Tex & N O. See So Pac Co.
104 109
104« 104«
Pitts Sb & L E 1st g 5 s .. 1940 A -O
1 1 0 « F e b .’ 98
109 1 1 0 «
I’ex&P Ry E dlv I s tg 6s. 1905 M - S
98 J ’ly ’ 97
1st consol gold 5s.......1943 J - J
96«102«
98«
100«
1st gold 5s.....................2000 J - D 1 0 0 « Sale
19
80
80
81
7
0
«
8
0
«
J
J
Pitts & West I s t g 4 s ... 1917
4
0
«
Sale
28
35
31
33«
Moh.
2d
gold
inc.
5s,
D
e
c
..
.2000
3 3 « Mar’ 97
25
Gold 5s................ 1891-1941 M -N
1 1 7 « 124
Third Av 1st gold 5 s .. . . 1937 J - J 1 1 8 « ------- 1 1 7 « A pr.’98
Pitts Y & Ash 1st con 5s 1927 M -N
1
0
2
«
1
04«
*102
104
Apr.’
98
J
J
Tol
&
O
C
I
s
t
g
5s..........1935
7
7
«
8
7
«
8
2
«
Sale
7
9
«
8
2
«
eading Co g e n g 4 s...t9 9 7 J - J
.... 101 1 0 3 « Jan.’98
103« 103«
W est’ n d iv I s t g 5 s....1 9 3 5 A - O
R egistered.............. 1997 J - J
General gold 5s............1935 J - D
Rensselaer & Sar. See D & 11.
80
78
82«
78 A pr.’98
Kan & M 1st gu g 4s. ..1990 A - O
Rich * Dan. See South Ry.
09
72«
70
70
70
Tol P e o * W Istgold 48.1917 J - J
78«
8 1 « Sale
80
82
R io Or W est 1st g 4 s .... 1939 J - J
8
5
«
90
8
5
«
Apr.’
98
J
D
T
S
t
L
&
K
C
I
s
t
g
0
str.l9
1
0
9
4
«
85
9
4
«
Feb
’98
.......
»2 «
R io Or Juno 1st gu g 5s. 1939 J - D
99 1 0 2 « 100 A pr.’ 98
9 8 « 104
Hater & Del 1st o g 5s. 1928 J - D
54
54
54 Feb ’98
55 .......
R io Or So I s t g 3 -4 8 ..... 1940 J - J
1nton Elev. See Bklyn Elev
Roch * Pitts. See B R & P.
Un El (Chic) 1st g o s .... 1945 A - O
R oraeW at& O g. SeeNYCent
9 2 « Sale
88« 95«
90«
93
Un Pac—RR & 1 g g 4s. 1947 J - J
alt Lake C I s t g s f6 s .’ 03-13 J - J
Registered..............
1947 J - J
0 8 « 70
6 8 « Apr.’ 98
t J o * G I 1st g 2-3 4 s .. 1947 J - J ♦ 08
44
51
44
A
pr.’98
M
-N
Tr
Co
ctfs
g
4
«
s
..........1918
St L A&T H. See Illinois Cent.
1 1 1 « J’ne’97
Kansas Pacific 1st 6 s.. 1895 F- A
Bt L * Cal. See Mob * Ohio.
114
Sep.’97
J
D
1st
0s...........................1896
St L * Iron Mount. See M P.
C B Un P fd cou g 7 s.. 1895 M -N
St L Jack & Cbl. SeeCh*Alt.
53 Sale
50«
5 3 « 758 4 8 « 59
U P D&G 1st c g 5s tr rc.’ 39
St L K C & N. See Wabash.
Uni N J RR &C Co. See Pa RR
St L M Br. See T RR A o f StL
Utah & North. See Ore S L.
St Louis & San Francisco—|
111 110 « U tica * Black R. See NY Cent
111
111
2d gold 6s Class A . . . . 1900 M-N 111
1 1 1 « 1 1 0 « Y "e r Val Ind & W. See Mo P.
2d gold 6s Class B.......1900 M -N 1 1 1 « Sale 1 1 1 « 1 1 1 «
irgima Mid. See South Ry,
1 1 3 « 116 ‘
114 M ar’98
2d gold 6s Class C .......1900 M -N 111
1 0 4 « 110
108
ab RR Co I stg 5 s .. 1939 M-N 107 Sale 105
1st g 8s Pierce C & O.. 1919 F- A
80«
74« 82«
8 0 « Sale
70«
2d gold 5s............ 1939 F - A
114 1 1 9 «
General gold 6s........... 1931 J - J 1 1 6 « Sale 1 1 5 « 11 ■
Debenture series A . . . .1939 J - J
9 8 « 105«
102 «
General gold 5s........... 1931 J - J 102 Sale 102
2
5
«
21
291
2
5
«
Sale
3
5
«
J
J
Series
B.......................
1939
92« 97«
93
98
9 2 « A pr.’ 98
1st trust gold 5s.......... 1987 A -O
100
97 104}
99 ....... 100
Istg 5s Det & Ch E xt. .1941 J - J
Ft S & V B Bdg Istg 0s. 1910 A -O 103 ....... 105 O ct.'97
1
0
8
«
M
ar’98
1
0
8
«
110
St
Chas
Bridge
Istg
6
s
.l9
0
8
A
O
J
D
Kansas Mid 1st g 4 s ... 1937
Warren RR. See Del L & W
77
74 Sale
70«
74«
St L & S F RR g 4 s .... 1996 J - J
Wash O * W. See Southern
96
88
91
91
91
Southw Div I s t g 5s...1947 A -O
103 1 0 8 «
107«
W estN Y& Pa—Is tg 5 s . 1937 J - J 1 0 7 « Sale 107
St L So. See St L A & T H .
4 7 « 55
51«
51«
Gen g 3-4s......................1943 A - O 5 1 « Sale
77
73
73
St L S W I s tg 4s b d cfs. 1989 M -N
14
10
1 3 « M ar’98
10
10
Incom e 5 s ....A p ril, 1943 Nov.
30
25
M ar’ 98
2d g 4s inc bond c t f s .. 1989 J -J5
West
No
Car.
See
South
Ry.
St L Van A T H. See Pa Co.
Western Pac. See Cent Pac.
90 N ov’97
St Paul City Cab. c g 5s. 1937 J - J
W Chic St 40-yr ls t c u r 5 s .’ 28 M -N
Guaranteed gold 5 s ... 1937 J - J
99 D e c ’ 97
40-year con g 5s.......... 1930 M -N
115 117
117 M a r’ 98
St Paul A Duluth 1st 5s. 1931 F - A
West Shore. See N Y Cent.
1 0 7 « 109
109 Feb.’98
2d 5s............................... 1917 A -O
W
Va
&
Pitts.
See
B
&
O.
121 1 2 2 «
1 2 2 « Jan.’98
St Paul M & M 2d 0 s ....1 9 0 9 A -O
W V a C e n t * P I s t g 08.1911 J - J
1 1 8 « 122
1 1 8 « Mar’ 98
Dakota ext gold 6s. . . . 1910 M -N
1 0 1 « M ar’ 98
100« 101 «
Wheeling * L E 1st g 5s. 1920 A - O
128 129
1st consol gold 0s.......1933 J - J 119 1 2 1 « 128 Feb.’98
100 M ar’98
100 103
Trust Co certificates.. . . . . . .
R e g istered ................ 1933 J - J
90 M ar’ 98
90
90
Wheel Div 1st gold 5s. 1928
100 1 0 8 «
107 107 M ar’ 98
Reduced to gold 4 « s 1933 J - J
9
2
«
M
ar’98
92« 92«
Exten
&
Imp
gold
5
s
..
1930
1 0 0 « Mar'98
Registered...............1933 J - J
Consol gold 4s.............1992
9 3 « 100«
95 A pr.’98
Mont Ext 1st gold 4 s.. 1937 J - D
Wilkes & East. See N Y S & W
90
90
90 Feb.’98
Registered.................. 1937 J - D
Wil & Sioux F. See St P M & M
122 122
1 2 2 « Jan.’ 98
Minn Union 1st g 8s... 1922 J - J
Winona & St P. See C & N W
1 1 8 « 130
118«
118«
Mont 0 1st gu g 0 s .. . . 193 J - J 119
34 N ov’ 97
WisCent Co ls t t r g 5s .. 1937
115
A
p
r’
97
J
J
R e g iste re d ................ 1937
S3«
37
41
Sale
Engraved trust certificates.
107 1 0 9 «
107 A pr.’ 98
1st guar gold 5s. ....1 9 3 7 J - J
6 « Jan.’98
0
5
Income 5s...................1937
R egistered................. 1937 J - J
1
0
5
«
1
0
8
«
1
0
8
«
1 0 5 « Apr.’ 98
E Minn 1st dlv I s t g 5s. 1908 A - O
MISCELLANEOUS BONDS.
R egistered................. 1908 A - O
1 0 0 « A pr.’ 98
1 0 2 « 109
* m Cot Oil deb g 8 s ... 1900
111 N ov’ 97
W ill & S F I s tg 5 s . ...1938 J - D
f l m Dk & Imp 5s. See Cen N J
R egistered................. 1938 J - D
72
72
04
77
Xm Spirits Mfg 1st a 0s 1915
Bt P * Nor Pan. See Nor Pan

«

«

F

«

8

«

....

R

L

S

....

« ....

W

«

«

«

* No price Friday; these are latest bid and asked this week. tBonds due June,

O U T S ID E S E C U R IT IE S (G iven

at foot

of

Bid.
P e r r y C o itip n u ie a
Metropolitan Ferry—5s.. 108
N J & N Y Ferry—S tock;.
1st 5s 1948........ , ...TAJ §100
69
N Y & E R Ferry—Stock.
Bonds 58 o f 1 9 3 2 ....... § 95
25
N Y & S B Trans & Ferry
Bonds, 5s, o f 1906....... § 90
65
10th & 23d Sts Ferry.......
1st mort 5s 1919...J&D §100
F e r r y C o m p a n ie s .
55
Union Ferry—S t o c k .......
B ’ klyn & N Y Ferry-Stock 190 200
1st 5s 1920............MAN §104
6s, 1911.......................... §117
H oboken Ferry—Stock ;
85-> ya»¿t : 1>
U n ilr n a d s .
I lift»? ¡A tÓ C olA P l i t Huerco »StB bt 30 /
.lsi.Bis 194« O.MJ.M'&N

E lectric C o’Moni

R hode Island Elec Pro Co.
Toron to (Can) Elec Lt Co.
Thom -H oust Welding Co.
United Elec LtAP Co pref
B o n d s .................. ..........
W esting ElecAM fgCo—Se
W oonsocket (R I) El C o..




Ask.
120
135« 130«
100
18
10
85
80
e Boat List.
100 110
Hid.

Ill)

«

t Bonds due July. 1 Bonds due March. T Bonds due Jan. I Bonds due Not .

7 consecutive pages ).— FERRY <& RAILROADS.

Bid.
U n ii r o n d s .
30
A tJ e w C o & W n 1st 6s “
00
A tc h * Pike’s Peak 1st 6s
Ate T& S Fe gu fd 6s notes 102
Atl’ ta&Ch A lrL 1st 7 s ’ 07 118
71
AtlAP cts o f dep gu 4s st’d 100
99
Bost & NY Air Line—Com
30
Preferred—See N Y Sto ck Ex
92
California Pacific 1st 4 « s too
75
95
Do
2d mort guar
Ch Mil * St P Dub Div ’ 20 §120
57
Do
Wis Val div 0s ’ 20 §120
100
i ao
Ch&NW lst 7s Mad ext’ U §iV
IC35u.!i ¡j. .D a. ilj4ep<?niinmext. ’■I -1

Ask.
110

Ask.
35

103«

c¿

I.SÔ.

K a l l r o a ils.
Bid. Ask.
Chic & North W —iConi—
Chic& Tom ahlst 081905 §108
North w Un. 1st 7s 1917. §137
Frem Elk*M oVal ls t’ 33 §131
Do
unstamped §129
Wln&StP 1st ext 7s ’ 10 §136
Ch & East 111 sink f d col tr
Chic. Peor. & St L—Stock
1st m ort 4s 1 9 2 5 .....,,
2d mort Incomes....... .
Cin&Spgf 2d 7s gu C C C&I 108 114
Jack L A Sag 1st ext 5$,’Qj,
i afoul intqreHly yi itPrice
m
ä
íi ? íí'iiní".

-HH

THE CH R O N ICLE—BOND

8^2

P r ic e
F r id a y ,
M ? y js.

BONDS.
N . Y . ST O C K E X C H A N G E
W e e k E n d in g M a t 6.

E

C

D
I

C
H

* 98

101

111

A ug’97

70

A p r ’ 97

io 7
80

May’97
May’97

100

101

102

J ’ly ’ 97

85

J ’ne’97

. . . . . . 106

M a r’ 98

............
101

103

101
102«
9 5 « Jan.’97

Sale

111 N ov’ 97
102 M ar’ 98
1 1 9 « F e b .’98
104
106

......... 104
101
......... 102

104
A pr.’ 98
Feb.’98

O U T S ID E S E C U R IT IE S (G iven

I M ls c e lla n e o u a.
A eker Merrall A C ondit..
A m er A ir Power o f N Y .
American A xe & T o o l....
American Bank Note Co.
American Brake C o.........
A m er Grocery—1st pref..
A m er Malt’g Co—Com—S
Preferred—See Stock E
A m er Pneumatic T ool Co
Am er Press Association..
American S crew .. . . i . . . . .
A m er Smokeless Powder.
A m Soda Fountain—Com
1st preferred!1
. ................
2d p r e fe r r e d ..............
American S u r e t y ...........
A m Typefounders—Stock
A m er Sewing M ach in e...
American Strawboard... .
American W rin g er.........
Am erican Graphophone..
...... ; ........
Preferred
Anderson (John) Tobac..
A utom atic V ending........
Barney A Smith Car-Corn
n P referred . . . . . . . . . . .
6s 1 9 4 2 .. ... .. ....... J&J
ergn A Engel Brew-Com
P referred ........................
1st 6s.......... i . . . . '...........
Blackwell’s Durham Tob.
Bliss Company—C om .......
P referred .............. .
Bond * Mortgage Guar..
B o si A Montana 7s 1907.
Carter-Crume—P r e f .. . . . .
Celluloid C o ........... .........
entrai America Transit.
Central Fireworks—Com.
P r e f e r r e d ...!.......... .
Chateaugay OreA Ir 6s ’ 15
Ches * O Grain El—I n e ..
4 s . .'..’. ! . . . '. . . . . . . . . .
Chesebrough M fg C o .. . . .
Glaflin (H B )—1st p r e f...
2d p r e f e r r e d ............
Common—See NY Stock
Clark Mile End Thread...
Collins C
o
.
. »V..
Comstock Tun—1st in e ...
Consolidated Car Heating
Consol Fireworks—C om ..
P referred .......... . . . . . . . .
Con Kan.C Smelt A Refln
Censolid Rolling—Stock..
Cramps’ Ship * Eng B ld g.’
Diamond Match C o .. . . . . .
D ix on Crucible.................
Bnsley Land. . . . . . . . . . . . . .

15
13«
t 40
89
ee Stk
xch. li

i'oo’
146

39

105
t 19
85
100
180




110
154

R ange
fr o m
J a n . 1.

P ric e
F r id a y ,
M a y 6.

BONDS.
N. Y . STOCK E X C H A N G E
W e e k E n d in g M a t 6.

96

102«

10 100

105«

8

105

106«

Ì02 109
1 1 6 « 120
3 102
101
102

106«
106
102

U. S. GOV. SECURITIES.
U S 2s registered... .Optional Q-M
U S 4s registered............ 1907 Q -J t
U S 4s co u p o n ..................1907 Q -J t
U S 4s registered.............1925 Q - F
U S 4s cou p on ..................1925 Q - F
U S 5s fegistered.............1904 Q - F
U S 5s co u p o n ..................1904 Q - F
U S 6s currency ...............1899 J - J
U S 4s registered certs
o f indebt (Cherokee) 1899 Mch
STATE SECURITIES.
Alabama—Class A 4 to 5.1906 J - J
Small.......................... ...........
Class B 5s...................... 1906
Class C 4 s .................... 1906
Currency funding 4 s...1920
Dist o f Columbia—3'65s.l924
Louisiana—New con 4s.. 1914
S m a l l ... ... .............. ............
Missouri—Funding. ..1894-95
North Car—Consol 4 s ... 1910
S m a ll...................................
6s.............................¿....1 9 1 9
So Carolina—4 « s 20-40.1933
Tenn—New settlem’t 3s. 1913
S m a ll..................... ..............
Virginia fund debt 2-3s.l991
R egistered. . . .................... ..
6s deferred b o n d s.. . . . . . . . .
Trust receipts sta m p ed ....

t Bonds due July.

at foot of

M ie c e lln n e o n n .
Eppens Smith & W ie m ...
Eastman Kodak Co..........
Erie & W estern Trans....
Fidelity & Casualty..........
Fidelity A Deposit (Balt).
Galveston W harf—1st 5s.
Genesee Fruit...................
German Am er Real Est.
Glucose Sugar Refln-Com
P referred.............
Goodyear Shoe Machin’y,
Gorham M fg Co—Com...
110
P referred.......... '..........
110
Great Falls Ice..........
Hartford Carpet Co.......
Hecker-Jones-J.Mill-Pref
1st 6s 1922........... MAS
Herring-Hall-Marv—Com
P referred ............... ....
Hoboken Land & Im p’t.
5s ....................................
International Elevating.
International Navigation
International Pulp.
Iron Steamboat.......
6s 1 9 0 1 ................J&J
J o h n B Stetson—C om ...
P referred .................. .
Joum eay & B urnham ...
P referred......................
Knickerbocker Ice
Bonds 5s. . . ...................
Lawyers’ S u r e t y ...;.......
Lawyers’ Title In s .. . . . . .
Litho Carbon R u b ber...
Lorillard (Pierre)—P ref. 110
Madison Sq Gard—Stock
2d 6s 1 9 1 9 .. ..; ...MAN' *25'
Mechanical Rubber—Com
P referred . . . . . . . . .
” Í5 ?
Mergenthaler Lindt—See Bosto
Meriden Britannia C o ...
55
Michigan-Pen Car—Com
5
Preferred—See N Y Stoc k E xc
1st 5s 1 9 4 2 .. ... ...MAS 85
Minneapolis Brew 1st 7s 100
Mosler Safe Co...............
Monongahela W ater. . . .
Nat Biscuit.. . .
P referred . . . . . . . . . . . . . . .
National Casket C o..........
National Saw—Preferred.
National S u r e t y ..........
National W all P a p er.. . . .
N Y Loan A Im p...............
N Y B iscuit.—
6s 1 9 1 1 .. . ... ... ... M A S 105
New Jersey Zinc A Iron
100
N Y A ir Brake—See N Y S tock E
Nicholson File Co....... .
Nicaragua Construction
Peck, Stow A W ilc o x ...
Pegamoid (£1 shares)..
Pennsylvania Coal—See N Y St’k
Pennsylvania Salt M fg ... 101
Penn. Steel 5s 1917.MAN
Penn. W ater—Common...
Phil A W il 8team boat....
Pneumatic Gun Carriage.
Pratt A W hitney—Com ..
Preferred
............ JJ
Procter & Gamble............
P referred ....................... |
R. I. Perkins Horse Shoe.
P referred ........................

X Bonds due May.

Schwarzchild A Sulzbërg.
Semet-Solvay deb 5s.......
Simmons Hardw’re—Com
P referred.
Singer M fg Co.......

9Ó*
114
125

ol

.

LXYI.

i'0 8 «
109«
122
122
Sale
111
.....

Loro.

R ange
fr o m
J a n . 1.

R ig h N o. L ow H ig h
113” l i s ”

101

Feb ’ 9’
63
16«

841* M a r’ 98
S3
83
83 Jan.’ 98
1 1 1 « 114

83
83
1 1 1 « 116

105)* Feb.’98
105 M ar’ 98

i'0’5 « ib’s i
105 105Î

106
111

106
M a r’ 98

111

111

101

M a r’98

101

101

105

111

98 A pr.’98
106« 108«
108
109
118« 118«
1 1 9 « 120
109« 110«
109« 109«
1 0 2 « A pr.’98

98« 98«
106 1 1 3 «
107 1 1 4 «
116« 129«
117« 129«
1 0 9 «1 1 1 «
1 0 9 « 115
1 0 2 « 104

108«
108
104«
100

1 0 8 «1 0 8 «
108 108

100- .......
108)*
ib o " !
90 ,
90
112
98*6 ,

.....

102
ib 'ó ”
102 )*
85
80
671*

.......

M ar’ 98
Feb.’98
J ’ly ’ 97
Feb.’98

ib V * i b ò ”

115 Mar ’ 98
101 M a r’98
1 0 0 « M a r’98

ÏÏ5 " i l s "
101 103
98 1 0 0 «

i b i ” Jan.v98

ib i” ib i”

128 " Feb.’b'é

i 28” i 28**

89 M ar *98
88 Feb.’98
66«
67«

8 9 ” ’ bÓ”
88
88
65
67«

88
.......
68

4 « Feb.’ 98

S Bonds due April.

4«

||Bonds due January.

7 consecutive pages ).— RRs., BANKS, MISCEL.
DIík cp I ír d s o iik .

30
44«
96«

95
108«
108«
121*
121«
110«
110
103

[V

W eek's
Range or
L a st Sale.

A s k . L ow . H igh . N o. L ow H ig h

* No price Friday; these are latest bid and asked this week.

R a ilr o a d s .
Kingston * Pemb IstM
L N A & Ch 1st 6s C&I Div
Memp & Char cons bonds
Newb Dutch&Conn in ch ’s
N Y El deb 5s gu Man Ry
No Pacific Mo Div 1st 6s
Pittsb & Connellsv 1st 7s
Do con 6s gu by B & O
St P East & Gr Tr 1st 6s. 100
gu by Milw L S & West. 100
Tenn C I& Ry con 6s 1901
Do So Pittsb 1st 1902..
Vlcksb & Meridian 1st 6s

OÄ
aq8®

B id . A sk ,
97 ____
PI Valley Coal 1st g 6s.. 1920 M -N
Procter & Gamb 1st g 6s. .’ 40 J - J
St L Ter Cupples Station A
9 0 « 91
9 0 « Jan.’ 9i
1 0 9 « 1 1 4 «[
* 1 1 0 « . . . . . . 1 0 9 « A pr.’98
Prop Co l s t g 4 « s 5-20 yr’ 17
92 1 0 0 « S Yuba W at Co con g 6 s ..’23
*......... 92
92 A pr.’98
Sp Val W at W orks 1st 6 s .’ 06
Stan Rope A T l s t g 6s.. 1946
Incom e g 5s.................. 1946
1 0 9 «1 0 9 «
1 0 9 « F e b ’ 97
Sun Ck Coal 1st g s f 6s.,1912 J - D
6 95 1 0 0 « Tenn Coal T D lv l s t g 6S.1917 A-OJ
•9
99
Birm D iv 1st c o n 6 s .. .1917 J
Cah C M Co 1st gu g 6s..’ 22 J - D
ib o 104
104 Jan.’ 98
De Bar C & I Co gu g 6 s .'10 F - A
8 0 « 84
81 Feb.’98
U S Leath Co s f deb g 6 s .’ 18 M -N
i b i « 1 0 5 « V t Marble 1st s f 5s....... 1910 J - D
1 0 1 « A pr.’98
W est Union deb 7s. .1875-00 M -N
104 104
104 Feb.’ 98
Registered.......... 1875-1900 M -N
Debenture 7 s.. . 1884-1900 M -N
R egistered .....1884-1900 M -N
Col trust cur 5s........... 1938 J - J 1 0 6 «
90 103
* 85
90
90 A pr.’ 98
Mut Un Tel s f ’d 6 s ... 1911 M -N 109
1 0 8 « ........ 1 0 9 « 1 0 9 « ” 2 108 1 1 2 «
Northwestern Tel 7 s .. . . ’ 04 J - J
1 1 4 « 117
1 1 4 « A pr.’98
W estn Gas Co col tr g 5s...’ 33 M -N
1 1 3 « J ’ne’97
W h L E A P C Co 1st g 5s.’ 19 J - J
9 8 « 9 8 « W hitebrst F gen s f 6 s .. 1908 J - D
9 8 « M a r’98
B id .

Atlanta G L Co 1st g 5S.1947 J -D t
ar& S C arC o I s t g 6 s .l9 4 2 J - J
os U Gas tr ctfs s f g 5s. ’ 39 J - J
B ’klyn U G a s ls t c o n g 5 s ..’45 M -N
Br’k’n W & W H I s t g 5 s .l9 4 5 F - A
ah Coal Min. See T C U R
G L & C Co. See P G & C Co.
Chic J c& St Y d col g 5s.. 1915 J - J
Clearf Bit Coal. See N Y C & H
Col C & 1 1st con g 6s. ..19 0 0
Col C & I D ot Co gu g 5s.. 1909
Col Fuel Co gen gold 6s. 1919
Col F & I Co gen s f g 5 s. 1943
Columbus Gas 1st g 5s. .1932
Com Cable Co 1st g 4s... 2397
R egistered.................... 2397
Con Gas Co. S e e P G & C C o .
e Bardel C & I. See T C & I.
el & H Can. See R R bonds
D et Gas Co con l s t g 5 s..1918 F - A
¡id El 111 1st conv g 5s. 1910 M -S
!i 1st con g 5s............. 1995 J - J
Ed El 111 B’klyn 1st g 5s. 1940 A - O
R egistered............................. A - O
Erie T A T col tr g s f 5 s... 1926 J - J
E q G a s L N Y ls t c o n g 5s. . ’32 M -S
Hq G & Fuel. See P G & C Co.
'len Elec Co deb g 5 s . . 1922 J - D
Jr Riv Coal & C 1st g 6s..’ 19 A - O
Gr Rap G L Co l s t g 5 s.1915 F - A
ack W reor 1st g 5s.. 1926 J - J
end B Co 1st s f g 6 s . 1931 M -S
111 Steel Co deb 5s.......... 1910 J - J
N on-conr deben 5 s . . . . 1913 A - O
Iron Steamboat Co 6 s ... 1901 J - J
Jeff& Clear C & I I s t g 5 s l9 2 6 J - D
2d g 58............................ 1926 J - D
K C Mo Gas Co 1st g 5s. 1922 A - O
LacGas-L Co o f StLHLstg 5s’ 19 Q-F*
Qu-F
Small bonds................
Mad Sq Garden l s t g 5 s.1919 M -N
Met T & T 1st s f g 5 s ...1918 M -N
R egistered .................... 1918 M -N
Mich Pen Car Co 1st g 5 s.’42 M - S
Mut Un Tel Co. See W n Un
Nat Starch Mfg Co 1st g 6s ’ 20 M -N
Nwpt News S S D D 5s. .1990 J - .)§
N Y & N J Tel gen g 5s c y .’ 20 M -N
N Y & Ont Land l s t g 6s.l910 F - A
N oW estn Teleg. SeeWest.Un.
P eo Gas & C 1st gu g 68.1904 M -N ;
2d gtd g 6 s .................... 1904 J - D
1st consol g 6s.............. 1943 A - O
Refunding g 5s....... .. .1947 M -S
R egistered...........
1947 M -S
Ch.G-L&Cke I s t g u g 5s’ 37 1 - J
O o n G C o o fC h l stgu g 5s’ 36 J - D
Eq G A F Ch l s t g u g 6 s .’ 05 J - J
Peoria W at Co g 6 s .. 1889-19 M -N

W eek ’s
R ange or
L a s t Sale.

PRICES C5 pages) P age 5.

Standard Underg’d Cable.
S lossIA S lst6s 1917.F&A
Stat Isl R T 1st 6s’ 13AAO
2d 5s 1926.
...TA.T
Stillw-Bierce A Smith-V.
Susa Coal 6s 1911. ..J&J
Term Warehouse—Stock.

Bid

Ask.

88
40
101
100
118
380
892
103
88
15
107
60
70
88
108
113

92
50
103
103
117
400
393
106

Debenture 6s..................
B anka.
N. Y. CITY.

Bid.
347«
220
300
90
160

105
102
160
C it y ...........
ClintoU*..... .

Ask.

315
230
100
300
140

125

200
140
290

11th Ward*.
F i f t h ...........
F ifth A y e * .. 2900 3400
8000 8400
First (St Isl) 125 150
190
160
300
850
112
German Ex*.
Germania*...

165
120
390
80

85

Mechanics’ . . i

225

Bid. Ask.
45
50
100
292«
12
85
40
27
32
32« 3 3«
52
57
Union Typewriter—Com.
6
8
Union Typew’r.—1st pref.
86
90
78
88
25
25U
85'*
65
100
150 159
210 225

Bid.
165
145
110
410
ib ò
150
245
220

N Y Nat. K r..
Ninth
19th Ward*..

90
135
140
180

Peoples’* .... 200
90
15Ó

Sixth

175
450
108
96

State n f TvfV*
12th W ard *.
23d W ard*...

185
95

no
20
85

Preferred
Ask.

150
470
125

80
100

190
810

....

25Ó

150
275
Y n rk ville* . 175

160

200
150
95
107
400
200

100

20 th'W ard*.. 185

117

120
102

Ask.

90
105

Wallabout* '.. 100
N. Y. CITY.

25
88

Bid.

250
220
245
200
Nat C ity...... 885
175
190
140
17th Ward*. 103

97

225

B R ’ KLYN.
215
Broadway*.. 190
140
8th Ward*
230
5th A v e * .... 104
390
240
180
1 8 2 « Fulton *

B anka.

1 1 0 « Ger A m er*..

114
105

118

Hudson Riv* 140
500
Imp A Trad.
147«
Leather Mfr. 170 180
125
M anhattan*.

B anka.

174

125
925

C ontinental. 125

10
72«
72«

Mech A Tra*

290

125
150

30
70
80
92

¡111 s e e l Inn e o n s .

1st 6s 1908............A&O
Title Guar A Trust..........
Trenton Potteries—Com.
Preferred
Trow Directory—N e w ....
Union Switch A Signal...

125
177

lió
255
27ft
340
185 1
195
150 !
1 10';
215100
105'

1406
200. i

330
406
220
150
400
300
N Y L I A Tr 1150
N Y Sec A Tr 350
Produce E x.
800
Real Est T r’t 206
sseaaa
210
toòò

U SM tg& T r. 250
1150
220
B R ’ KLYN.
Brooklyn Tr. 400
225
H am ilton.... 230
280
L Isl L A Tr. 220
Manufact’rs. 233
157
P p o p Ig ’ * ........ 250

* Banks marked with an asterisk (*) are State banks.
§ Purchaser also pays accrued interest,

110
235
238
225
240
59

200

tPrice per share.

M

THE CHRONICLE.

, 1 8 9 8 .1

at

898

Boston, Philadelphia and Baltimore Stock Exchanges— A Daily and Yearly Record.
f c y S h a r e P r i c e s —N o t P e r C e n t u m P r i c e s .
S a tu r d a y ,
A p r i l 30.

M on day,
M a y 2.

T u esd a y,
M a y 3.

W ed n esd a y T h u rsd a y ,
M a y 4.§
M a y 5.

F r id a y ,
M a y 6.

ACTIVE STO C K S.
7FIndicates unlisted.

S a les
o f the R a n g e o f S a les i n 1 8 9 8 .
W eek.
S h a r es
L ow est.
H ig h est.

R a ilr o a d S to c k s.
70
70
-69% 72
70% 70% *70
72
*70% 71 Baltimore City P assenger... (Balt.) . . . . 25
311 66 Jan. 4 75% Feb. 11
22% 23
23
28%
23% 23%
23% 23%
23% 23% Baltimore Consolidated........
“
. . . . 25
3,780 21% Apr. 26 24% Feb. 14
22 % 22 % 23% 23%
23% 23%
28% 23% Baltimore C onsolidated!___(P h ila .)____ 25
440 21% Mar. 12 24% Feb. 23
222 222
222 222
220 221
221 221% *221 222 Boston & A lbany.................. (B o sto n )___ 100
39 217% Mar. 29 225% Feb. 17
56
50
. 57% 57%
58
58
58% 01%
61
61% Boston E levated........................
“ ....1 0 0
1,048 52% Mar. 26 63% Jan. 10
♦219 220
>..... 220
220 220
220 220
220 220 Boston & L ow ell........................
“ ....1 0 0
31 215 Apr. 2 225 Jan. 23
*162
162 162
160 160
160 160
160% 160% Boston & Maine........ ................
“ ....1 0 0
17 160 Mar. 12 171% Jan. 7
92% 93%
95
96%, 95% 98*
96% 98%
97% 98% Chic. Burl. & Quincy..........
“
100 29,654 85% Mar. 26 103%
108 108
109% 110% 110 110
Feb. 11
110 111% 112 113% Chic. June. A Un. Stock Yds.,
“
....1 0 0
2,314 102 Mar. 14 121% Feb. 7
*114
114 114 *114 .......
“
....1 0 0
116 116
P re fe rre d ............ ................
19 105 Mar. 12 118 Feb. 5
87% 88%
90% 91%
91% 91% *91% 92
' 91% "98%
92%
93%
Chic.
Milwaukee
&
St.
Paul.
(P
h
ila
.)___100
7,750
83% Apr. 21 97% Jan. 12
10% 10%
10 % 10 %
10 % 10 % 10% 10% 10% 10% 10% 11 Choctaw Oklahoma & G u lf..
“
. . . . 50
1,840
9 Feb. 25 11% Jan. 31
*29
30%
30% 30%
30% 30% *80% 31
30% 81
31
31% Preferred.............................
“
. . . . 5027% Jan. 4 33
1,819
Feb. 11
44% 44%
45
45%
46
46%
Consol.
Traction
o
f
N.
J
.
!
.
..
“
.
.
.
.
100
1,134 37 Jan. 3 48% Feb. 3
*98% 99
98% 98%
99
99
99
99
99 Fitchburg, p ref.......................(B oston )___ 100
35 98 Mar. 28 100 Jan. 6
80
*25
80
*27
*28
*27% 80 Ga. Southern & Florida........ (Balt.) ....1 0 0
*75
85
*77% 85
*81
*82%
*80 " M i *80
85
“ ....1 0 0
1st preferred...........................
*45
55
*51
55
55
*54
*54
56
*54
50
2d preferred....... .
“
....1 0 0
10 55 May 3 55 May 3
21
21
21% 23
22 %
*22
22 % 22 %
23
23% Lehigh V a lle y .. . ; ................. (P h ila .). . . . 50
1,950 20 Mar. 12 26% Jan. 3
5
5
5
5%
Mexican Central................. .(B o sto n )___ 100
310
4% Apr. 6
0% Jan. 13
*78
82
*77% *80"' *77% 75
9M Northern C en tra l.................. (Balt.) . . . . 50
76% Jan. 14 81% Feb. 7
24
24%
25
26%
25% 26
25% 25%
25% 26%
■
20 % Northern Pacific .....................(P h ila ) . . . . 100
7,014 19 Feb. 24 28% Jan. 81
62% 62%
04% 05%
65
05¡
*65 ...
65% 60%
65% 66% Preferred.......................
{ “
....1 0 0
4,175 57% Mar. 26 68% Jan. 81
180 186
187 187
187 187
187% 188 *187 188 Old C olony...................... .
(B oston ). . . . 100
92 185% Mar. 16 193 Jan. 31
28
28
28
28% ......... 80
*29
80%
30
30 Oregon Short Line.....................
“ ....1 0 0
286 18 Jan. 4 33% Feb. 17
06% 57% 1155% 5 56% 56%
56
50%
50% 57%
57% 57% Pennsylvania............................ (P hila.)
50
2,884
55% Mar. 12 60% Feb. 7
79
79
79% 80%
80
80%
80
80%
80% 80%
81
82 Philadelphia T raction..........
“
. . . . 50
5,615 77 Mar. 25 85% Feb. 18
8%
8% 8 7-10
8 11-16 II 8 13-10 8% 815-1693-16 9 1-16 7-16 Reading
Company....... .............
“ . . . . 50 11,965 7 13-16 Mar25 11% Jan. 6
*19% 19% 20 1-16 9-16
20 % 20% *20 % 21
21
21%
21% 22% 1st preferred...........................
“ . . . . 50
4,140 18% Mar. 26 27 1-16 Feb. 8
*10
10%
10 % 10 %
10 13-10
* 10 % 11
1015-1611% 11 5-16 I T
2d preferred............ ...............
“ . . . . 50
2,588
9% Mar. 25 14 9-16 Feb. 5
20% 21%
19% 19%
21% 21%
21% 22%
22
22% Union P acific.......................... (B oston ). . . . 100
3,245
16% Mar. 25 22% May 6
52% 52%
58% 55%
54% 55%
55% 56%
56% 57% P re fe rre d ...............................
“ ....1 0 0 23,437 47 Mar. 25 57% May 6
14% 14%
15
15%
15% 15%
15% 15%
15% 15%
15% 15% Union T raction............... .
(P h ila .). . . . 50 10,474 12% Jan. 3 17% Feb. 14
81% 82
82
82
81% 82%
82% 83
82% 83 W est End Street..................... (B oston )
50
1,669 78 Mar. 25 85 Jan. 8
■ M isce lla n e o u s S t o c k s .
249
250 255
255 258
255 259
258 259% American Bell T elephone.. .(B o sto n )___100
313 238 Mar. 12 272% Jan. 14
.2 1 % 1 2 4 % 127 129% 128% 129%
128% 132% 130% 133% American Sugar R efining! . .
“
....1 0 0 59,388 107% Mar. 26 144% Jan. 7
109 109
110 110
110 110%
*110 112
111 111
P re fe r re d !...............................
“ ....1 0 0
463 103 Mar. 25 116% Jan. 6
177 177% 178 182
183 184
184 190
187% 190 Boston & Montana....................
“ . . . . 25 12,769 149% Jan. 4 191 Mar. 2
24
24%
24% 25%
24% 25%
25% 25%
25
25% Butte & Boston*....................
“ . . . . 25 10,101 18% Mar. 12 28% Feb. 2
518 520
520 520
520 525
530 530
530 535 Calumet & H ecla ............. . . .
“
. .. . 25
88 489 Jan. 3 540 Mar. 2
58% 58%
59% 59%
59% 59%
59% 60%
61
61%
61
61% Consolidated Gas.................... (Balt.) ....1 0 0
2,751 52% Jan. 10 61% May 5
•16
17%
17% 18
*17% 18%
*18% 19
19
19 Dom inion C o a l...............
(B oston )___ 100
450 14 Mar. 12 24 Jan. 3
*20
21% Electric Storage Battery ! . . (P h ila .)___100
18% Mar. 25 29% Jan. 10
*22
23% P re fe r r e d !...........................
“ ....1 0 0
21 Mar. 8 32 Jan. 10
*64% 64%
05% 66
66
66 %
60% 66% 00% Erie Telephone.......................(B oston )
100
733
59%
Mar. 25 72% Jan. 5
45
45
45
45
*49
50
49
49
50
50 Illinois Steel................................
“ ....1 0 0
95 44% Mar. 12 55% Jan. 29
*20
21
20 % 20 % 20 % 20 %
21
21
*21
21% Lamson Store S e r v ic e .......
“
.
.
.
.
50
205 20 Mar. 12 22% Feb. 8
......... 39% !......... 40
x39
39
. . . . 39
.. . 40
39
39 Lehigh Coal A Navigation... (Phila.) . . . . 50
20 39 Mar. 4 43% Jan. 7
5%
5%
5%
5%
5%
6
5%
5%
5%
5%
5%
5% Marsden Company! . . ................
“ . . . . 100
5,108
5% Apr. 21 11% Jan. 11
*125 125
125 128 *124 127
*125 127
120 126 New England Telephone____ (B oston ). . . 100
21 120 Mar. 12 134 Feb. 7
25% 25%
20
26%
25% 26%
25% 27%
27% 27% Old Dom inion Copper! .........
“
. . . . 25
8,227
21%
Jan. 5 32% Mar. 2
9% 11%
11% 12
11
11%
12% 12% Pa. H eat Light & P ow er!*.. (P h ila .). . . . 50 24,962
12% 13
6 Apr. 14 18 May 5
106% 106% 107% 110
111 111% 110 111% 112 112% 112% 113% United Gas Im provem ent! . .
“
. . . . 50
6,879
97%
Feb.
24 114% Feb. 18
*12% 18
*12% 18
12% 12%
13
13
18 United States Oil................... (B oston )___ 25
580 10% Feb. 4 15 Mar. 1
42
42
44
44% "44% "44%
45
45
44% 45 W elsbach L i g h t !..........
( P h ila .) .... 5
855 33% Feb. 8 45 May 5
" Ï ........ i "
*1
1%
*1
1%
*1
*1
1% W est End L and..................... (B oston). . . . 25
1%
10
1 Jan. 13
1% Jan. 3
* ...............
21
20 % 2 0 %
21
21
22
22
*20% 21% Westingh. Electric A M fg ...
“
50
271 20% Apr. 13 25% Jan. 8
*51% 53% *51% 53
*51% 53
*52
53
50% 52
P referred...............................
“
go
50 Apr. 22 55 Jan. 11
* Bid and asked prices; no sale was
i Trust recei pts; all inst alments paid, t Trust receipts. ||Lowest is ex div.
§Boston Exch. closed May 4.
22%

22%

INACTIVE STO C K S B id. A sk .

S T O C K S -B O N D S B id . A sk .
B id . A sk .
BONDS
ts M a y 6.
MISCELL.—Concluded,
B o s t o n —Concluded.
)0 .......
Int B u tH A S M “
10
3% Ogd A L C con 6s.’ 20 AAO * 94 100
>0100
Marsden p r e f! (Phil) 100
Incom e 0s...............1920
15
B alt & O h io. . . . “
0
17), 18
Mergenthaler.. (Bost) 100 142
Rutland 1st 0s. . ’ 02 MAN ¿ ......... 104
Bos & Maine pf. (Bost) ! 0 156 157
Morris C anal...(Phil) 100
50
2d 5s.............. 1898 FA A ¿ 99 100
Boston & P rov. “
0 272 275
“
100
P r e f ........
158
W est End St 5s. . ’ 02 MAN ¿103
Catawissa.........(Phil)
0 .......
Osceola M ining(Bost) 25 ” 4 2 '
42%
4 % s ................ 1914 MAS ¿ .........
1st pref......... “
0 .......
Parrott SilACop “
10
23
23%
Gold 4s.........1910 MAN ¿ .........
Central Mass... (Bost) ! 0
8
10
Pennsyl S a lt... (Phil) 50
4 s ................... 1917 FA A ¿104
F reí................... “ : 0 54
57
Pennsyl S teel!. “
100
0 21
P r e f ! ................ “ 100
22
B o n d s —B a l t i m o r e .
0 11
15
Phil’delphia C o(Bost) 50
31
30
A tl A Ch 1st 7s. 1907 JAJ 118 118%
0 29
30
Pullman’s P a l.. “
100 178 178% A tlG -L ightlst5sl 917 JAD 100
0 .......
Quincy Mining. “
25 110
Balt Belt 1st 5s.l 990MAN
84
85
0 150 152
Reece Buttonh. “
10
11 % 12
B altC Paslst5s.l911M AN 113
Conn R iv e r ....
0 250 250
Santa Ysabel G “
5
Balt Fundg 5 s.l916 MAN 103% 104
5%
6
Flint & Pere M.
0
10
12
Tamarack Min. “
25 154 154%
Exchange 3% s.l930JAJ 103% 104
P ref................
0 30%
United El S e c.. “
50
Balt&Ohio 4 sg .l9 3 5 AAO 100
G’rmant’n Pass(:
0 132%
P r e f .................. i 100
PittsACon 5 g.l92 5 F A A 102% 103%
H estonv M & T
W a te r P o w e r .. “
100
Stat Isl 2d 5 g .l 926 JAJ
P r e f . . , , .........
0 64%
W elsbach C om !(P hil)100
Receivers certif 6s. JAD
H unt A Broad T
)
10 - t t t 1i
P r e f ! .........‘ f 100
Do Maryland Constr 5s.
P re i,'..............
) ....... . 41
W estm ’rel Coal(Phil) 50
Do Pittsb A Con 5s.JAJ
K C F t 8 & M ..(:
)
10
15
W olverine Min. (Bost) 25
21% 21%
D o Main Line 5 s ...:....... i o b " i b i "
P r e f . . , . . .......
) 85
50
W ollaston L ’d, ' “ . ( , 5
B AO SW lst4% g.l 990JAJ
95
1%
0 58% 54
B altA P lstösm l 1911AAO 120
) 125 127
R o n d s —B o s t o n .
1st 6s tunnel 1911.. JAJ 121
) 147 148
Am B ed Tel 7s. 1898 FA A *100
Bai Trac 1st 5S.1929MAN 111 113
Minehill & 8 H .
Í 55
A T A S F g e n g 4 s .’ 95A A O 8 87
88
E xt A Imp 6s.l901M AS 101
Nesquehon’g V.
56
A djustm ent g 4 s ..1995 I 60% 61%
No BaltDiv 5s. 1942JAD n m 114%
New E ngland..(
35.
38
B A M 3d is 7s.’ 02-07 MAN .. ..
Conv’rtible 5sl906M AN 100 102
F t e f .
92
93
Boston Term ’1 8 % s ..l9 4 7 *10CapeFA YsrA6g. 1916 JAD
lit
72% 75
North P e n n ....(:
1 92
B osU n Gas 1st 5 s.’ 39 JAJ i 90
92
1st 6s ser B..1916 tr rec
51 , 51%
No A 77 Branch
80
2d M 5s.......... 1989 JAJ * 70
75
1st 6s ser C..1916 tr rec
51
51%
P enn M W . . .
.........
B u rA M o R iv e x ’ pt6s.JAJ
.
118
Cent Ohio 4%s g . ’80 MAS
95
P hil A Erie.......
1 10
20
Non-exempt 6 s.T 8 JAJ |105
Central R y 6s.. .1912 JAJ 108
P hil Gèrm A N.
1 136
Plain 4s.. . . . . . 1910 JAJ $ 95
Consol 5 s .... 1932 MAN 113
United N J .......
250 25 i
Ch BurA N 1st 5s.’ 26A A O 8104%
E x t A Imp 5S.1932MAS 112
United T r o f P .
.........
2d M 6s.........1918 JAD 8 999
CharlCAA ext5s.l910JAJ 107% 108%
......... 48
P r e f..........
Ch Bur.A Q 4s. 1922 FA A 8 99
Chesap G a s 6 s ..1900JAD 104% 105%
102 102%
Iow a D iv 4s,1919 AAO 8100
City&Sub 1st 5s.l922JA D 112% 113
50% 51
{111 i i i « ColAGrnvlst5-6.1917JAJ 116 118
W estN Y A P a . “
e
8
60
3%
Consol Gas 6s. .1910 JAD 117% 118
W lscon Central (B ost) 10
65
1%
5 s ................... 1930 JAD 108
108%
P ref
, “
10
3 .........
56%
Ga A A lalstp f5sl945A A O 101 101%
......... 9.......
W or Nash A R . “
10
70 " G aC arAN lst58g.l929JAJ
90% 90%
^ IS C E L L ANEOU 8.
79
GeorgiaPlst5-6s 1922JAJ 117
Allouez Mining! B ost) 2
2
104
1%
GaSoAFla 1st 5s. 1945JAJ 101% ibï%
A m B y El L t .!. (Phil)
4
118
3%
Lake R El lstgu 5s’42MAS 107%
.........
Anaconda Min. (B ost) 2
135% MacAN 1 s t4% s.l990M AS . . . .
Anniston Land. “
10
135
Unst’p’d 1st 0s.’ 88 AAO
MetSt( W ash) 1st 5s’ 25F A 117
Arnold Mining, “
2
18% 13%
Hin Steel con v Ss.’ lO JAJ ¿ 82
New Orl Gas 1st 5 s...V a r 100
A sh Bed Min’g . “
2
3
Debenture 5 s.l9 1 3 A A O ¿ 82
2%
N orthC ent4% s.l925A A O 109
Atlantic Min’g. “
2
26
27
80
3 70
6s 1900.................A A O 104
Baltic M ining.. “
25
12% 12%
?113
6s gold 1900 .......... JAJ 105%
Balt W areho’se(Balt) 20
.............
21
¿102 103
6s 1904.............
JAJ 110
Bay State G asl.(Bost) 50
5 74% 76
Series A 5s 1 9 2 6 ....JAJ 115
1%
1«
BergAEng Br’w (Phii) 100
28%
Series B 5s 1 9 2 6 ....JAJ 115
P r e f . . . . ......... “
100
....... I
1 99%
OhioAMlst7SD1905MAN 100
Boston Elec Lt.(B ost)100 113
114
I
?115
PittsACon 1st 7s 1898JAJ 101%
Boston Land. . . “
10
4
4% I
P itt Un Trac 5 s.l997 JAJ
99%
Boylston St L ’d “
15
3
]
96*' 100
PotomVal lst5 s.l9 4 1 J A J .........
Cambria Iron ..(P h il) 50
36
37% )
*100 103
SecA vT n(P itts)5s’ 34JAD 108 110
Canton Co........ (Balt) 100
68
72
85
2d M 5-6 g....Ï93 6 AAO
80
Seab A Roan 5 s.l926 JAJ 100 100%
Centen Mining. (Bost) 25
12% 12% I
¿109 111
V irg Mid 1st 08.1906 MAS 110
Central Trans.. (Phil) 88
¿ .........
2d series 6 s ..1911 MAS 116
Dom in Coal pf. (Bost) 100 102
4s g . . ..............1911 JAJ ¿ 60% 02*
3d series 6 s ..1916 MAS 112
Edison El 111...
* "
100 160 17Ò
14
1st con ine 3s g non-cum
4th ser 3-4-5s.l921MAS
95
Ft W ayne E lec!
25
1
2d con ine 8s non-cum..
5th series 5s.l926 MAS 102
4%
,11 «
Franklin Min’g.
25
12
I few Eng Tele 0s.’ 99 AAO ¿100
V
a
(State)
3s
new.’
32JAJ
77%
78%
French Bay Ld.
5 •25
•50
0 s ...................1907 AAO
Fund debt2-3s. 1991 JAJ
67% 68
General E lect..
100
34
34% h
V
a
A
T
e
n
n
2
d
5s.l900
JAJ
.........
P r e f . ............
100 85
8s..................... 1900 JAJ 107%.
.......11 1st m ort 6s.....1905 JAJI§U 0%
R A iL R O A D S .-




B

BONDS
B a I ti m o r e —Conclu’d.
W estN C co n 0 s .l9 1 4 JAJ
W estV aC A Pl st6g. ’ 11J AJ
W ilColAAug 6s. 1910 JAD
W il A W eld 5s.. 1935 JAJ

B id .

A sk .

115
108% 109
115
115

B o n d s —P h ila d e lp h ia
A tl City 1st 5 sg ..’ 19 MAN 103 106%
Buffalo R y con 1st 5s. . ’31
CatawissaM 7s.l900 FAA
107%
ChesAD Canlst5s.’ 16 JAJ
50
Choc Okla A G prior lien 6s
General 5 s .... 1919 JAJ
89
90
Cit’s’S tR y(In d)con 5s.’88
79
80
Colum St R y 1st con 5s.’32
Colum O Crosst 1st 5s..’ 33
Con Trac o f N J 1st 5s..’ 33 102 108
Del A B Bk 1st 7s.’ 05 FA A
122%
EastAA 1st M 5s.’20 MAN 106
Edison E lec 5s stk tr ctfs. 107 107%
ElecA P eop’s Tr stk tr ctfs
82% 83 ,,
ElmAW ilm 1st 6s.’ 10 JAJ
Incom e 5 s ....2862 AAO 105
Eq 111 Gas-L I s t g 5 s .l9 2 8 104 104%
H estonv M A F con 5s.’ 24
H A B Top con 5s.’ 25 AAO
Intem at Nav 0 s . ... . 1906
102%
K C Sub B 1st 6s..’ 20 JAD
100%
K C P A G 1st 5s..’ 23 AAO
71
72: ■,*.
Lehigh Nav 4%s. .’ 14 Q~J
R R 4s g .. . . . . . 1914 Q-F 104
—
—
Consol 7s.......1911 JAD
Gen M 4%s g . . 1924 Q-F
Leh V C’l 1st 5s g .’88 JAJ ’ Ö S" " 0 4 "
Leh Val 1st 6s. .1898 JAD 102% 103
2d 7 s .... .., ,.1 9 1 0 MAS 125 128
Consol 6 s^ ....l9 2 3 JAD
Annuity 6s...........J A D
120
Newark Pass con 5s.l9S0 109 110
N Y P hA N orlst6s.’ 2S JAJ 100
N o Penn 1st 4s..’S6 MAN
Gen M 7s.........1903 JAJ
Penn gen 6s r ...l9 1 0 Var 117
Consol 6s c . .. .1905 Var
Consol 5s r . ... l 9 1 9 Var
Collat T r 4%s g.’ 13 JAD
P a A N Y Can 7s..’ 06 JAD
Cons 5s.........1939 AAO
Cons 4 S ......1 9 8 9 AAO
92
Penn Steel lst5 s.’ 17 MAN
P eople’s T r tr certs 4s.’43 101 102
Perkiom 1st ser5s.’ 18 Q-J 102
P bAE r gen M 5g.’20 AAO 117% 118
Gen M 4s g .. 1920 AAO
Ph A Read 2d 5s.’ 33 AAO 120
Consol M 7 s ..1911 JAD 129
Con M 6s g . . . 1911 JAD
E xt Imp M4s g.’ 47 AAO 100% 101%
Con M o f ’ 82 4s.’87 JAJ 100% 101%
10-yr s f 5s g.1902 FAA 100%
Terminal 5s g.1941 Q-F 119 120
P W ilA B a lt 48.1917 AAO
Collattrust 4s.l921 JAJ
Pitts CAStL 78.1900 FAA 105
Read Co gen 4s, 1997 JAJ
82% 82%
R ochester R y con 5s. 1930
SchRESidelst5s g ’S5JAD
101
Union Term ’i 1st 5s. FAA
United N J 4 s.. 194 4 MAS
UnTracPitts gen5s’97JAJ
§And accrued interest.
♦Price includes overdue coupo ns.
! Unlisted.

THE CHRONICLE.

894

(V O L L X V I .
L a tes t G ross E a r n in g s .

ft t ijje s t r a e t t t

R o ad s.

AND

R a ilr o a d

I t t M I ig im c je .

RAILROAD EARNINGS.
* The following table shows the gross earnings of every
STEAM railroad from which regular weekly or monthly returns
can be obtained. The first two oolumns o f figures give the
gross earnings for the latest week or month, and the last two
oolumns the earnings for the period from January 1 to and
including such latest week or month.
The returns o f the street railways are brought together sep­
arately on a subsequent page.
L atest G ross E a rn in g s.
R oads.

189 8 .

189 7 .

J a n . 1 to L a tes t D a le .
1 89 8 .

189 7 .

9
$
3 5 ,5 3 8
2 3 ,6 2 4
A d ir o n d a c k ....... F e b r u a r y .
5
o
2 ,4 2 2
4
1
,5
7
9
4
th
w
k
A
p
r
A la . G t. S o u t h ..
1 3 4 ,0 8 5
6 6 ,1 4 7
F eb ru a ry.
A la . M id la n d ..
P
ao.
J
u
n
e
A la . N. O. T e x . <&
3 6 1 ,3 4 3
3 9 3 ,7 6 5
2 6 ,0 0 0
2 3 ,0 0 0
N. O rl. & N. E. ls t w k A p r.
1 6 6 ,3 6 4
2 0 4 .1 2 2
1 0 ,0 00
9 .0 ’ 0
A la . <fe V ickab. l s t w k A p r.
1 5 5 .2 9 0
1 9 8 ,7 8 3
7 .0 0 0
1 1 ,0 0 0
V ic k s S b .& P . ls t w k A p r
5 3 1 ,7 6 3
6 0 9 ,4 4 6
1 8 5 .0 4 3
2 1 1 ,1 8 6
A lle g h e n y V a l .. M a r c h ___
5 1 0 ,5 2 0
4 1 8 ,8 6 8
3 6 ,6 4 9
3 7 ,0 8 6
A n n A r b o r ......... A thw kA pr.
15,2 91
2 3 ,9 2 3
7 ,3 5 3
13,5 93
A r k . M id la n d ... F e b r u a r y .
A tc h . T . &S. F e.e M a rc h ___ 3 ,3 6 8 ,5 4 1 2 ,8 6 3 ,3 0 1 9 ,2 8 5 .3 7 9 7 ,7 7 4 ,9 7 3
1
4
4 ,6 3 9
1
3
4
,4
0
6
1 3 4 ,4 0 6
1 4 4 ,6 3 9
A tla n t a <fe C har J a n u a r y ..
5 9 ,6 9 7
7 8 ,0 2 8
2 8 .9 4 4
2 1 ,9 7
A tl. K n o x .& N o . M a rc h ___
1
0
1 ,6 8 7
1 0 5 ,7 6 3
4 8 ,0 6 8
5 0 ,2 2 4
A tla n t a & W. P . F e b r u a r y .
1 7 3 .7 8 0
190,881
1 1 ,6 2 8
9 ,4 7 1
A tla n . «feD a n v .. 4th w k A p r
3 4 .7 8 7
2 3 ,9 9 6
1 7 ,5 3 3
1 1 .9 17
A u s tin A N ’ w est F e b r u a r y .
B a lt. & O h io — M a r c h ....... 2 ,3 0 8 .7 4 8 2 ,1 2 1,91 1 6,291,1 »40 5 ,8 5 0 ,1 2 3
1 3 8 ,2 3 2 2 ,2 2 5 ,0 2 2 1 ,9 0 5 ,2 1 7
1 8 8 ,6 7 4
B al. & 0 . 8 o u ’ w . A thw kA pr.
3 ,4 9 3
3 ,4 5 3
1,6 2 1
1,467
B a th & H a m ’ nds F eb ru a ry ..
5 ,3 4 7
6 ,7 2 2
2 .4 i9
2 ,0 6 8
8 8 ,7 2 0
9 7 ,7 0 2
3 7 ,8 2 8
4 7 ,5 9 5
B ru n sw ’ k & W est F e b ru a ry
9 9 7 ,9 2 5
1 0 1 ,5 2 1
7 7 ,6 5 9 1 ,1 5 2 .2 7 4
B uff. Roch.«fc P itt A thw kA pr,
1 2 0 ,8 0 3
1 22 ,53 1
4 5 ,7 3 0
4 8 .8 5 9
B u ffa lo <fc S u sq ..
6 8 ,6 0 0
5 5 ,8 0 7 1 ,1 7 0 ,2 3 6 1 ,1 0 7 ,6 3 4
B ur.O . R a p .& N. 3d w k A p r
5
,7
3 1 .8 2 2
7
,1
7
1
,4
4
8
4
6
7
,0
0
0
5
7
3
,0
0
0
C a n a d ia n Pacific A thw kA pr,
1 7,0 46
1 5,5 08
5 ,4 9 8
5 ,0 0 8
Gar. M id la n d .... M a r c h .......
1
,6
1 9 .7 9 9
1
,6
8
4
,6
9
l
7 3 ,9 4 8
7 2 ,8 0 6
C e n t.o f G e o r g ia 3d w k A p r.
893 ,21 4 2 ,8 2 4 ,6 3 3 2 ,5 9 7 ,3 6 9
8 8 3 ,6 4 3
C en tra l o f N. J .. M arch . . . .
8 0 4 ,2 5 1 2 ,1 1 3 ,9 3 6 1 ,6 6 3 ,1 6 4
C e u tra l P a cltio F eb ru a ry .. 1 .0 6 2,11 8
1 3 4 ,8 9 9
1 4 9 ,7 2 6
8 0 ,9 3 2
6 9 ,9 1 3
C h a rlest’ n& Sav. F eb ru a ry .
2 2 ,0 6 0
1 ,7 0 2
C h a tta n ’ g a S o .. A thw kA pr,
3 1 1 ,2 2 2
2 7 7 ,1 6 5 3 ,7 7 8 ,1 8 2 3 ,6 3 3 ,5 4 3
C hes. <fe O h io— A thw kA pr,
C h ic. Bur. & Q .d M a rc h ....... 3 ,6 6 7 ,6 6 6 2 ,9 9 5 ,7 3 8 9 ,8 5 1 ,8 3 9 8 ,4 3 7 ,8 2 8
7 4 ,5 2 0
7 2 ,4 6 2 1 ,3 4 2,94 7 1 ,3 0 9 ,5 0 2
C hio. «feE ast.H l. A th w kA pr,
1 3 6 ,6 0 4
1 1 0 ,1 3 6 1 ,6 7 6 ,0 0 6 1 ,5 0 9 ,6 9 4
G h io. G t. W est’ n A thwkA pr,
8 7 1 ,0 ( 7
9 7 6 .3 8 1
7 7 ,3 3 2
8 8 ,1 6 3
C hic. I n d . & L . 4 th w k A p r,
8 4 7 ,7 6 9
7 4 2 ,0 4 9 10,2 7 ,8 7 2 8 ,6 7 0 ,2 8 3
C h io .M il.& S t.P . i t b w k A p r
6
,6
7 6 ,2 3 3
8
.2
0
0
,2
6
5
3
,0
5
1
,8
3
6
2
,3
7
3
,2
6
6
____
M
a
rch
Ohio.«fe N 'th w ’ n .
2 0 6 ,5 4 3
7 1 ,0 7 1
2 2 7 ,9 3 8
7 8 ,8 7 9
Chio. P eo «feSt.L. M a r c h ....,
5
,5
0
7
,3
9
1
4
,4
4 9 .8 5 3
1
,4
4
9
,5
8
4
1,1
2
0,71
5
A
p
r
i
l
.........
C hic. R’ k I. <fe P..
6 9 4 ,7 9 2
5 5 6 ,5 4 4 1 ,8 5 3 ,5 4 3 1 ,6 1 8 .1 0 3
Gbio.St.P.M .<&0 M a r c h ____
3
4 8 ,9 6 0
3
6
9
,5
9
6
2
8
,2
2
2
2
1
,7
5
1
A
thwkApr,
C h to.T er.T r.R R .
4 3 8 ,3 7 6
5 1 1 ,5 8 4
3 4 ,0 3 1
2 8 ,5 -9
Chio. & W. M ich . 3 d w k A p r
*2
64 ,13 5
*3
90
,6
«5
*1
7,3
55
*1 0,6 19
C h o o.O k .& G u lf. 2 d w k A pr,
1 2,2 31
3 ,9 8 0
1 2 ,2 6 >
4 ,3 3 8
Cih.G.<fePorts’ th M a rch
1
,3
1
3
,7
0
9
1
,1
1
5 ,0 5 5
3
2
0
,6
»
9
2 9 9 ,5 5 5
O in .N .O . <&T. P . A p r il..
5 2 ,2 8 3
6 1 ,4 08
2 2 ,7 1 6
1 9 ,4 1 2
C in .P orts.& V ir .
190 ,44 1
1 8 1 ,0 3 8
1 3 ,0 6 7
1 3 .4 2 5
C lev .C a n . <&So..
. 3 7 3 ,1 8 0
3 2 8 ,9 1 6 4 ,5 1 5 ,3 5 0 4 ,2 4 2 ,7 7 7
G l.C in.C h .«S 8t-L
4 5 8 ,3 3 2
2 7 ,7 15
3 2 ,0 8 9
5 1 1 .4 6 3
P e o . «fe E a s t’n
4 8 6 .4 8 2
3 7 1 ,9 0 1
4 3 ,0 3 0
3 9 , ¿34
C l.L o r .& W h eel.
4 0 0 ,5 9 9
3 8 7 ,5 7 9
1 37 ,15 9
1 3 7 ,0 9 8
G oi. M id la n d .... M a rc h ..
7 1 1 ,7 6 5
1 8 3 .0 1 3
7 9 0 ,1 4 5
1 8 7 ,0 0 4
C o l.H . V. «feTol. A p r i l ..
2 1 9 ,0 2 4
2 2 1 ,2 0 3
10,5 97
1 5 ,2 7 9
O ol. S an d ’ y & H. 3 d w k A
3 ,8 0 0
1 ,2 5 0
4 .6 5 0
1 ,1 5 0
C o lu sa <& L a k e .. M a rc h ..
979
1,161
2 ,3 0 A
5 16
C ry s ta l.......
1 2 2 ,2 4 9
6 1 .5 1 9
5 0 .6 7 5
1 0 5 ,8 5 9
C u m o ’l’ d V a lle y
. 1 9 «,400 1 6 4 ,. 00 2,47 8 ,298 1 ,9 9 8 ,3 4 4
D e n v . <& R io G r
4 »,212
1
4 ,4 3 3
3 7 ,2 4 8
4 ,5 6
D e s M. & K a n C
1 2 0 ,49 7
3 9 ,8 4 9
9 6 .9 2 3
3 4 ,5 5 5
D e s M. N . <fc W. M a rc h .
2 7 ,7 8 9
4
0
1
,8
1
9
3
5
1 .4 8
2 3 ,1 7 1
9 ,2 7 3
1 4 4 , >59
5 7,1 65
D e t. & L im a N o.
1 2 9 ,5 5 5
5 5 .4 5 4
1 2 7 ,8 2 4
5 3 ,7 2 4
2 3,9 12
4 5 1 ,8 8 1
3 8 7 ,8 2 2
3 1 ,7 6 6
5 0 8 ,8 8 6
1 0 4 ,1 7 4
3 7 8 ,9 8 7
E lginJol.«feE ast. A p r i l ........ . 1 1 2 ,9 2 3
E r i e ......................M a rc h ____ . 2 .7 2 4.93 3 2 .4 5 5 ,7 0 7 7 .3 3 5 ,8 2 6 6 ,8 5 3 ,-6 9
7 .2 6 9
3, 82
7 ,7 0 0
4 ,0 5 s
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11,7 31
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38,324
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160,278
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4 .4 4 5
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2 6 ,5 0 0
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8 6 0 ,6 8 9 1 ,0 0 2 ,3 5 7 3 ,4 7 4 ,7 9 6 3 ,4 8 9 ,5 9 9
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2 6 ,8 6 0
15.1 13
1 3.3 22
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9 4 5 ,8 9 2
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2 9 5 ,6 7 7 1 ,0 ^ 8,18 1
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L o s A n g. T e rm .. M a rc h ........
5,8 ^ 7
4 8 6 ,0 6 0
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4 ,9 2 2
1 6,2 83
M aeon <fc B ir in .. M a rc h ........
4 ,4 8 8
2 9 ,0 9 5
5 ,5 7 6
6 ,2 9 6
24,6<>1
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4 1 9 ,7 4 7
3 5 ,7 1 9
4 6 ,4 1 8
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5 0 7 ,9 6 8
tM e x ic a n C en t.. A th w k A p r. 3 4 7 ,6 1 2 3 5 2 ,7 8 8 4,465,1*22 4 ,3 7 6 ,9 3 4
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8 3 9 ,7 2 6
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8 2 ,0 2 3
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8 8 ,3 0 0
68,000 1 ,2 1 9 ,4 0 0 1 ,0 8 5 ,5 0 0
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1 0 ,0 j 0
1 4 ,9 1 7
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2 0 1 ,7 8 5
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6 3 ,7 1 4
Minneap.tfe St.L. 4 th w k A p r.
5 6 1 ,1 6 9
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6 3 7 ,2 3 8
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2 3 7 ,3 3 4 3 ,5 6 9 ,9 7 7 3 ,5 1 4 ,1 2 6
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4 2 >,354
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836,001
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2
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9 7 ,8 0 4
M o b ile <fc O h io .. A p r i l .........
3 1 7 ,8 0 0
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1 4 0 ,8 1 5
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2 1 3 ,0 5 8
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4 6 0 ,3 1 4
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7 ,4 0 1
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2 ,811
3 .0 2 9
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8 8 ,1 2 9 1 ,1 3 5 ,1 6 4 1, 1 9 ,0 1 9
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9 3 ,4 4 5
1 62 ,51 7
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5 1 2 ,7 5 2
1 58 ,28 3
4 8 6 ,7 9 3
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2 1 2 ,5 9 0
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6 ,5 5 6
5 ,4 3 0
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6 ,5 5 6
5 ,4 3 0
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5 0 5 ,9 4 1 1,5 11,825 1 ,5 3 0 ,4 5 9
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N orth ’ n P a ciiio . 3 d w k A p r . 4 0 7 ,5 2 6
2 9 8 ,5 2 8 6 ,0 5 7 4 85 4 ,1 5 9 ,2 6 0
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2 5 7 ,0 3 1
1 8 ,0 2 0
16.3 79
2 6 8 ,1 6 7
6 0 .3 6 1
O h io Ri v. i&Chas. M a ro h ........
2 4 ,9 9 1
5 0 ,6 4 0
1 8 .3 28
6 ,8 0 0
O h io R iv.«feL .E . M a rch ........
6 ,8 9 3
2 ,5 0 0
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1 8 5 .3 7 4
O h io S o u th e rn .. M a rc h ........
5 5 ,0 4 4
6 1 .5 6 2
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O m .K an . C & E . 2d w kM oh.
1 1 ,5 3 3
1 5 8 ,5 5 1
1 1 4 ,7 5 4
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2,11.5,956 1 ,1 7 9 ,3 4 4
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O reg. Sh. L in e .. M a ro h ........
5 0 6 ,6 9 4 4 3 4 ,5 1 2 1 ,3 8 3 ,5 4 1 1 ,1 8 7 ,2 8 8
Pao. C oast C o .. F e b r u a r y . 4 0 7 ,6 5 1
4 5 7 ,4 7 0
2 1 4 .7 8 3
78 ,3 2 9
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2 8 0 , 87
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1 3 7 ,1 9 1
5 2 ,7 9 6
5 7 .0 6
5 0 6 ,6 4 6
5 3 5 ,4 2 9
2 8 0 ,5 7 2
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1 4 0 ,0 8 9
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4 9 ,7 0 9
6 7 2 ,7 0 7 2,0b8,W 3o 1 ,9 7 4 ,1 3 5
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6 4 6 ,1 0 7
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1 1 ,8 1 4
4 ,2 0 9
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1 1 ,9 1 1
3 ,9 7 8
P itts.B es.«& L .E . M a ro h ........
1 9 1 ,3 8 8
4 2 ,1 9 3
1 1 1 ,1 3 8
8 3 .8 7 8
5 0 1 ,8 - 7
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40,7« 0
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9 8 ,5 4 9
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5 7 ,0 6 7
8 6 ,4 6 2
7 8 ,4 9 5
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2 9 ,-«56
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2 1 ,3 6 6
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9 ,0 2 7
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8 5 1 .0 9 9
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6 4 4 ,2 4 4
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5 6 ,6 0 0
3 9 7 ,5 2 1
3 5 6 ,2 8 0
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2 8 ,2 í5
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8 3 ,9 2 5
7 2 ,9 7 6
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2 5 ,0 6 a
2 8 ,6 7 5
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1 4 ,5 1 1
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4 ,6 6 7
St.L.«feSanFran. 4 th w k A p r.
1 3 8 ,2 6 4 2 .1 9 2 .4 6 9 1 ,8 6 3 ,5 5 8
1 6 1 ,2 4 4
1 1 2 ,7 6 1 0 2 ,9 2 0 1 ,7 1 6 ,6 7 3 1 ,4 2 1 ,9 1 4
S t.L .S o u th w e st. A th w kA p r.
3 1 7 ,5 2 3
2 8 3 ,6 2 4
St. P a u l <fe D u l.. M a r c h ........
1 0 5 .6 0 9
1 1 8 ,1 9 3
4 2 7 , n 68
1 3 2 .2 9 0
1 4 1 .9 0 4
4 2 5 ,2 4 7
S a n .A n t. <fe A . P M a roh ........
1 6 5 ,0 5 2
1 3 7 ,3 9 2
S an F rau. <fe N .P . M a r c h ........
5 4 ,5 8 2
49 494
2 1 1 ,5 0 3
1 8 3 ,9 8 3
1 6 ,1 5 5
S. F e P re s, «fe P h. 2d w k A p r.
1 4 ,7 4 8
6 0 4 .6 5 4
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2 9 4 ,7 4 8
7
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2 7 ,1 7 9
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3 .8 4 4
5 ,5 6 4
S il v e r t o n ............D e c e m b e r
4 5 ,8 1 9
65,8*62
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1 7 ,2 0 7
S io u x C. <& N o r . M arch
5 ,5 1 5
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1 ,9 3 0
So.H aven«feE ast M arch
2 ,3 7 6
S o. P a cific C o.
7 2 5 ,8 3 3
4 2 4 .9 2 3
3 4 8 ,3 0 2
8 5 1 ,6 0 1
Gal.Har.«fe 8.A F e b ru a ry
1 6 9 ,1 3 5
9 7 ,4 4 7
8 5 ,8 6 1
2 0 6 .5 4 6
L o u is ’ a. W est. F e b r u a r y .
8 5 1 ,6 7 8
4 9 7 ,5 1 7
4 1 5 ,1 1 5 1 ,0 6 2 .0 8 6
M o rg a n ’ sL«feT. F e b ru a ry
4 3 .9 7 4
2 2 ,4 1 2
2 0 ,1 7 7
5 0,3 31
N .Y .T . «feMex, F e b ru a ry
2 5 0 ,0 1 3
1 2 7 .9 2 4
1 2 3 ,9 1 8
2 5 8 .6 0 9
T e x . <&N. O r l.. F e b ru a ry
A tl. P r o p ’t e s .o F e b ru a ry 1 ,1 9 8 ,8 0 7 1 ,0 1 0 ,6 9 3 2 .4 8 6 ,7 5 0 2 ,0 8 0 ,4 5 2
8 3 3 ,6 6 3
6 5 2 4 5 6 1 ,6 7 0 ,4 0 4 1 ,3 8 1 ,9 9 2
So. P a o. o f C al. F eb ru a ry ,
4 1 5 ,0 8 4
8 4 1 ,8 2 1
2 03 O i l
6 14 436
S o .P a o .o fA r iz . F e b ru a ry
2 0 6 ,3 3 6
1 4 7 ,3 4 1
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S o .P a e .o fN .M . F eb ru a ry ,
2 9 5 ,9 7 3
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N o rth e rn R y .. F e b ru a ry .
P a c iiio s y s t e m |Fne b r u a r y . 2 ,8 5 7 .7 3 2 2 ,1 3 7 ,6 5 7 5 ,6 1 9 391 4 ,4 4 2 ,0 8 2
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4 ,2 « 9
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T e x a s C e n t r a l.. 3d w k A p r.
1 5 4 ,6 5 0 2 ,5 6 2 ,1 4 3 2 ,1 6 4 ,5 7 6
1 82 ,68 1
T e x a s «fe P aoitio. A thw kA pr.
3 ,0 4 1
11 4 9 7
8 ,8 9 7
3 ,9 4 8
T e x . S. V.«fe N .W . M a ro h ........
3 9 ,2 5 8
5 2 7 ,9 6 0
5 2 0 ,8 5 6
42 9 7 0
T ol.«feO hioC en t. A th w kA p r.
2 6 0 ,6 2 9
1 5 ,7 2 0
2 7 8 5 52
17*136
T o l. P . <fe W e s t.. 3 d w k A p r.
5 0 ,8 9 7
6 6 5 ,3 7 5
6 7 9 ,4 9 7
5 2 ,8 9 3
T ol.H t. L . «fcK.G A thw kA pr.
U nionJPac R R .. M a rch ........ 1 ,2 9 8 ,5 2 4 1 ,1 3 0 ,2 1 1 3 ,6 6 9 ,5 1 2 3 ,1 1 8 ,0 5 1
7 1 .5 9 7 1 ,1 7 9 ,6 9 7
9 5 8 ,9 6 4
7 ,1 9 0
U n .P .D en .«fcG .. 3 d w k A p r.
2 7 2 ,2 3 8 4 ,1 6 2 ,1 4 5 3 ,5 1 2 ,6 0 8
3 5 8 6 84
W a b a sh .............. 4 th w k A p r.
1 8 ,4 8 9
3 3 ,7 4 8
3 3 ,6 3 7
16,8 83
W aco <feN or thw F e b r u a r y .
1 6 4 ,2 8 5
4 5 3 ,7 6 4
4 1 6 ,3 8 7
1
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6
,4
1
0
M
a
r
c
h
..
...
W. J ersey«feSea’ e
9 7 ,5 4 8
1 0 4 ,4 5 9
..............
W .V .C en «fePitts M a r c h .. ...
547,144
2 6 ,4 9 7
2 7 ,1 4 4
26,4 97
¡VestVa.«fcPitts, J a n u a r y ...
5 6 .A Ï1
1 '4 ,7 5 2
1 1 3 ,4 3 6
5 5 ,9 2 6
W estern o f A la . F e b r u a r y .
6 8 ,3 0 0
9 0 8 ,1 0 8
8 3 2 ,8 0 1
7 3 ,7 0 0
West. N.Y.«&Pa, 4 th w k A p r.
2 9 ,8 2 3
453,9.40
3 1 8 ,6 1 2
3 9 ,3 7 8
W heel. <fe L. E rie 4 th w k A p r.
A .....
Wilkesb.<&East. M a r c h .. . . .
3 3 ,7 2 0 9 3 2 ,4 5 9
u W iscon sin Cent« 'A thwkApr,, H » i 3 5 d k f l 80*829iiti/;4 j 2*€U1 1 ,2 2 9 ,7%0l
• l i f i s fllF n it'.'.ti J n imifaJTJg Jb' U ff’
Md Í A
ëw aifid belioqoi

L a te s t G ross E a r n in g s .

R oads.

Week o r M o

1898.

Jan . 1 to L a tes t D a te.

1897.

1898.

1897.

9
$
$
8 ,6 9 3
6 ,4 1 9
2 4 ,2 0 8
2 ^ ,8 4 7
4 ,2 6 9
4 ,2 0 7
9 ,2 9 5
8 ,2 3 1
* ZZ, u« ur« 8 la o iu a e r e s u lts o n le a s e d lin e s, ft I n c lu d e s ea rm n v a
^ “ fe r r ie s , e t c ., n o t g iv e n s e p a ra te ly , J M o ilJ a n o u r r e n o y d ln
o p e r a tio n s o f th e O hio. B u rlin g to n & N orth ern In b o th rears*
elu d es n «a 6M n /i8i >i »li£ e8 d ir e c t ly o p e ra te d e a st o f P l t t s b ^ g * c I n ­
clu d e s D es M oin es & K a n s a s O ity f o r a ll p e rio d s.
W rlg h ts v .A T e n . M a rc h ........
Y o r k S ou th ern . F e b r u a r y .

0,110 VaUer and 0M«»S°
(o ld J.tllM rtio'tfc'paoiflo0 a i i d ' e * O a t ^ 01111 0 o1 ' *
***> 8 . P o P o o lA o
w eek o f M aroh in clu d e e a rn in g s o n ra ilro a d o n ly :
p r e v io u s t o th a t t h e y ia o lu d e r e s u lts o n r a ilr o a d a n d m in es.
7

Latest, C^ross Earnings by Weeks —The latest weekly earn­
ings in the foregoing are separately summed up as follows:
For the fourth week o f April our preliminary statement
covers o3 roads, and shows 17*86 per cent increase in the
BKgTQgdte over the same week last year.
4 Ih w eek o f A p r il.

A n n A r b o r . . . ...........
A tla n t ic A D a n v ille .
Balt.. A O h io S outhw c
B u ff. K och . & P itts ...
C an ad ia n P a d Ho. . . .
C h esa p ea k e & O h io ..

1898

.

O hio. G re a t W estern .
1

B v a n s v . A I n d ia n a p o lis ..
E v a n s v . A T e rr e H a u te.
F lin t & P ere M arquette.
F t. W orth A R io G ran d e.
In te rn a tio n a l A G t. No
I o w a C e n tra l.............
K a n a w h a A M ic h ig a n ....
K a n . C ity P ltts b . A G u lf
K a n . C ity S u b . B e l t . . . . .
L a k e E rie A W e s t e r n ....
L o u ls v . E v a n s v . A St. L
M em p h is A C harleston
M e x ica n C e n tra l..............
M e x ica n N a t i o n a l .........
M o. K a n s a s A T e x a s . . . .
M o. P a olflo A I r o n M t . ..
C en tra l B ra n o h ............
N Y . O n ta rio A W esteri
N o rfo lk A W estern ..........
O h io R iv e r .........................
O regon HR. A N a v . . . . . . .
P e o r ia D e c. A E v a n s v .. .
P itts b u r g * W estern,
R io G ra n d e S o u th e rn ___
S t. J o s e p h A G d . Isla n d .
St. L o u is & San F r a n . ...
St. L o u is S o u th w e s te r n ..
S ou th ern R a i l w a y . . . . . . .
T e x a s A P a d lie , .............
T o le d o A O h io C e n t r a l...
T o le d o St. L . A K an.C ity.
W ab a sh ................................
W est. N . Y . A P e n n s y lv .
W h e e lin g A L a k e E r i e ...
W isoonB in C e n t r a l . . . . . . .
T o t a l (5 3 r o a d s ) ............
N et In crea se (1 7 ’8 6 p.o.).

9
41,57£
3 6 ,6 49
11,628
138,674
1 0 1 ,5 2 1
5 7 3 ,00C
3 1 1 ,2 2 2
7 4 ,5 2 0
136,6.14
8 8 ,1 63
8 4 7 ,7 6 9
2 8 ,2 2 2
3 7 3 ,1 8 0
4 3 ,0 3 0
1 99 ,40 0
8.017
34,401
7 1 .4 7 6
1 0 ,1 92
8 4,3 60
4 7 ,5 9 2
1 4 ,0 6 0
7 5 ,2 0 3
11,0 40
9 1 ,6 2 5
3 8 ,1 9 6
1 3 ,1 03
5 4 3 ,0 0 5
4 6 .4 1 8
3 4 7 .6 1 2
146,460
63,7 14
2 5 9 ,0 0 0
8 0 1 ,0 0 0
3 5 .0 0 0
9 3 ,4 4 5
2 1 2 ,5 9 0
1 8 ,0 2 0
1 4 5 .7 6 2
2 2 ,9 8 0
9 6 ,8 8 2
11,4.27
2 8 ,2 5 5
1 6 1 ,2 4 4
1 1 2 ,7 5 6
4 9 3 ,4 9 1
182,681
4 2 ,9 7 0
5 2 ,8 9 3
3 5 8 .6 8 4
7 3 ,7 0 0
3 9 .3 7 8
1 1 6 ,3 5 0
8 ,0 5 0 ,1 5 5

1 89 7 .
9
35,251
37,08€
9,471
1 3 8 ,2 5 2
77,658
467,000
2 77,160
7 2 ,4 6 2
1 1 0 ,1 3 6
7 7 ,3 3 2
7 4 2 ,0 4 9
21.7 51
3 2 6 ,9 1 6
3 9 ,2 3 4
1 6 4 ,1 0 0
7 ,0 5 3
2 6 ,1 0 8
6 6 ,4 9 5
5,7 2 2
8 2 ,0 2 0
3 2.3 97
10,327
6 1 ,4 9 7
1 1 ,9 0 0
8 5 ,6 -1
3 4,63 h
1 0 ,6 28
4 7 4 ,9 4 3
3 5 ,7 1 9
3 5 2 ,7 8 8
1 36,984
4 1 ,1 9 5
237 ,33 4
6 29 .00 0
2 7,0 00
8 8 ,1 29
1 81 ,23 5
1 6 ,3 7 *
7 4 ,9 2 7
2 1 ,4 23
6 8 ,5 23
9 ,0 2 7
2 0 ,0 9 9
1 38 .26 4
1 02 ,92 0
4 4 6 .8 9 0
1 5 4 ,6 5 0
3 9 ,2 58
5 0 ,8 97
2 72 ,23 8
68,3 00
2 9 ,8 23
80,8 29
6 ,8 3 0 ,1 0 5
.............

In crea se.
9
6 ,3 2 8
2 ,157
5 0 ,4 2 2
2 3 .8 6 2
1 0 6 ,0 )0
3 4 ,0 5 7
2 ,0 5 8
2 6 .4 6 8
1 0 ,3 31
1 0 5 ,7 2 0
6 ,4 7 1
4 4,2 64
3 ,7 9 6
3 5 ,3 0 0
9 64
8 ,2 9 3
4 ,9 8 1
4 ,4 7 0
2 ,3 LO
15,1 96
3,7 3 3
1 3 ,7 06
5 ,9 4 4
4 ,5 5 7
2 ,4 7 5
6 8 ,0 6 2
10,6 99

D ecrease.
9
437

8 54

5 ,1 7 6
9 ,482
1 2 .5 1 9
2 1 ,6 66
1 7 2 ,0 0 0
8 ,0 0 0
5 ,3 1 6
3 1,3 55
1,641
7 0 ,8 3 5
1,657
2 8 ,3 5 9
2 ,4 0 0
8,1 5 6
2 2 ,9 8 0
9 ,8 3 6
4 6 ,6 >1
2 8 ,0 3 1
3 ,7 1 2
1 ,9 9 6
8 6 ,4 4 6
5,400
9 ,5 5 5
3 5 ,5 21
1 ,2 2 8 ,5 1 7
1 ,2 2 0 ,0 5 0

6 ,4 6 7

For the third week o f April our final statement oovers
82 roads, and shows 12*86 per oent increase in the aggregate
over the same week last year,
3 d w eek o f A p r il.
P r e v io u s ly r e p ’d (69 r’ ds)
B u rl. C ed. R an . A N orth .
C lev e. C a n ton A S ou th ’n .
D u lu th So. s h o r e A A t . . .
F t.W o rth A D e n v e r C ity .
I o w a C e n tra l......................
K a n . C ity F t . S. A M em .
K a n . C. M em . A B lr m ___
K a n sa s C ity A O m a h a . . .
K e o k u k A W estern ...........
M inn. St. P. A S. Ste. M ..
M o b ile A B ir m in g h a m ...
T e x a s C e n t r a l............... .
U n . P a o. D en . A G u l f . . . .
T o ta l (82 r o a d s ) ........ .
N e tin o r e a s e (12*86 p. o.l

1898.

1897.

$
7 ,0 2 4 ,0 5 2
6 8 ,6 0 0
13,0 67
3 1 ,7 6 6
2 6 ,1 5 2
3 2,6 99
7 5.8 89
26,2 51
5 .9 4 8
9 ,7 7 8
67,0 53
5,6 7 2
4,7 5 2
7 5 ,1 9 0

9
6 ,2 3 0 ,7 1 6
55,9 07
13,4 25
2 3 ,9 12
2 2 ,2 3 0
2 5 ,0 8 0
6 9 ,5 1 0
1 8 ,3 79
4.4 4 5
9,321
6 2,1 58
5 ,5 3 0
4,2 2 9
7 1 ,5 9 7

9
8 7 0 ,1 8 9
1 2 ,7 93

7 ,4 6 6 ,8 7 2

6 ,6 1 6 ,3 3 9

9 2 7,744
8 5 0 ,5 3 3

In cr ea se.

D ecrea se.
9
7 6 ,8 5 3
3 58

7 ,8 5 4
3 ,9 2 2
7 ,6 1 9
6 .3 7 9
7 ,6 7 5
1 ,5 0 3
457
4 ,3 9 5
142
5 23
8 ,5 9 3

1 89 8 .

1897.

$
$
G ro ss ea rn in g s (72 roa d s) 2 9,9 5 4 ,4 9 5 2 6,1 2 9 ,6 0 5

In crea se.
9
8 ,8 2 4 ,8 9 0

G ross E a r n in g s .1898.
1897.
9

N et E a r n in g s .——*
1898
1897
$

4 ,2 9 9 ,0 8 3 4 ,2 3 3 ,7 7 4 1 ,1 0 7 ,3 3 2 1 ,2 6 4 ,9 9 4
1 ,0 0 2 ,7 8 9 1 0 3 6 ,5 5 3
3 0 2 ,0 2 7
2 8 3 ,1 6 ®
2 ,8 7 0 ,5 13 2 ,7 3 0 ,5 1 0
8 9 0 ,9 8 3
7 8 1 ,3 4 8
8 ,9 1 8 ,2 9 3 8 ,0 8 9 ,0 3 9 2 ,9 2 3 ,9 9 6 2 ,6 5 2 ,0 1 7
.
3 5 3 ,9 1 3
3 2 7 ,0 9 2
1 5 5 ,3 4 8
1 3 5 ,7 7 0
J a n . 1 to M a r. 3 1 . . . . 1 ,0 4 7 ,4 0 0
9 8 8 ,3 0 7
4 5 3 ,2 6 7
4 1 7 ,5 1 0
J u ly 1 to M ar. 3 1 . . . . 3 ,2 6 9 ,7 1 5 2 ,9 9 6 ,0 2 4 1 ,4 6 5 ,8 9 2 1 ,3 2 7 ,1 1 3
C h ic. T erm . T r a n s fb M a r.
9 5 ,0 4 4
8 7 ,0 0 0
6 4 ,6 2 2
6 1 ,4 5 7
J u ly 1 to M ar. 3 1 . . . .
8 2 5 ,8 4 3
8 2 5 ,7 6 6
5 5 5 ,6 6 4
5 2 7 ,7 7 2
D en. A R . G r a n d e .b .M a r .
6 3 8 ,3 5 6
5 2 6 .7 8 6
2 6 7 ,8 9 0
2 2 8 ,6 5 7
J a n . 1 to M ar. 3 1 . . . . 1 ,8 4 9 ,6 9 3 1 ,4 4 7 ,8 1 4
5 69 ,3 5 6 7 2 6 ,2 3 4
J u ly 1 t o M ar. 3 1 . . . . 6 ,3 2 5 ,1 6 7 5 ,2 1 7 ,3 0 3 2 ,5 1 2 ,8 7 9 2 ,1 0 5 ,8 2 5
D e tro it A M nok’ o . a . . Mar.
5 5 .4 5 1
5 3 ,7 2 4
2 8 ,9 2 7
1 9 ,6 9 9
J a n . 1 to M a r.' 3 1 . . . .
1 2 9 ,5 5 5
1 2 7 ,8 2 4
5 8 ,0 8 5
4 6 ,2 0 3
J u ly 1 t o M ar. 3 1 . . . .
3 2 9 ,4 9 8
2 7 0 ,2 3 4
1 0 4 ,4 9 1
7 1 ,6 9 9
F a ll B r o o k —
J a n . 1 to M ar. 3 1 . . . .
1 2 4 ,0 7 2
1 3 0 ,6 2 5
5 3 ,6 2 4
4 6 ,3 8 1
F lt c h b u r g .b —
J a n . 1 to Mar. 3 1 . . . . 1 ,6 5 5 ,6 5 4 1 ,5 3 3 ,5 0 5
4 5 6 ,4 3 2
4 3 8 ,2 7 5
J u lv 1 to M ar. 3 1 . . . . 5 ,6 2 2 ,5 1 2 5 ,2 9 7 ,6 0 0 1 ,8 5 4 ,1 9 8 1 ,7 7 9 ,7 5 0
F t. W o rth A R io G r F e b .
3 7 ,0 6 2
2 1 .7 0 3
1 2 ,2 4 4
4 ,0 6 8
J a n . 1 to F eb. 2 9 ........
7 8 ,7 3 0
4 3 ,5 7 4
3 0 ,6 1 4
7 ,8 0 8
I o w a C e n t r a l . b ... ..M a r .
1 4 9 ,0 0 3
1 3 1 ,9 5 1
4 6 ,2 4 3
4 1 ,6 3 3
J a n . 1 t o M ar. 3 1 . . . .
4 3 1 ,5 7 9
3 7 6 ,0 3 1
1 2 9 ,* 9 8
1 1 3 ,0 2 4
J u ly 1 t o M ar. 3 1 . . . . 1 ,4 0 8 ,2 8 4 1 ,1 9 0 ,1 0 8
4 7 3 ,8 2 6
3 6 8 ,8 0 3
K a n a w h a A M ic h .b .M a r .
4 0 ,2 2 2
3 7 ,6 6 8
5 ,3 7 9
2 ,7 0 3
L o u lsv . A N a s h v .b . M ar. 1 ,8 5 4 ,1 9 5 1 ,6 9 4 ,9 5 2
5 6 1 ,7 9 9
5 1 9 ,6 4 3
Jan . 1 to Mar. 3 1 . . . . 5 ,4 1 6 ,8 6 3 4 ,8 6 5 ,2 9 5 1 ,7 4 0 ,4 0 3 1 ,5 3 3 ,9 7 4
J u ly 1 to Mar. 3 1 ...1 6 ,4 9 0 ,6 7 7 1 5 ,4 5 8 ,2 1 3 5 ,5 5 0 ,7 8 9 5 ,0 7 0 ,2 2 8
M a d iso n G as A E leo Mar.
.......... .
3 ,9 3 2
4 ,7 0 9
J a n . 1 to M ar. 3 1 . . . .
1 3 ,2 9 7
1 4 ,4 6 3
A pr. 1 t o M ar. 31 . . .
........ .
.............
5 1 ,7 5 4
4 1 ,7 7 8
M e x ica n C e n t r a l. . . . M ar. 1 ,1 8 6 ,5 1 0 1 ,1 4 5 ,2 6 3
3 3 4 ,1 4 1
4 9 1 ,5 1 4
J a n . 1 to Mar. 3 1 . . . . 3 ,3 2 5 ,6 2 9 3 ,2 2 6 ,3 8 9
9 1 2 ,4 2 0 1 ,1 1 1 ,4 2 4
M ex . In te rn a tio n a l..M a r.
3 1 0 ,9 1 5
2 9 3 ,0 7 0
1 2 3 .8 5 0
1 2 5 ,2 4 5
J a n . 1 to M ar. 3 1 . . . .
8 3 9 ,7 2 6
8 2 6 ,9 4 1
3 0 6 ,5 7 3
3 0 5 ,4 67
Minn. 8t. P. A 3. Ste. M. Mar.
3 1 7 ,7 6 4
2 7 0 ,0 7 5
1 4 9 ,6 8 2
1 1 1 .7 1 2
J a n . 1 to Mar. 3 1 . . . .
8 3 1 ,3 5 4
6 3 7 ,3 47
3 3 1,995
2 2 7 ,1 6 7
J u ly 1 to Mar. 3 1 . . . . 3 ,1 4 0 ,6 6 6 2 ,6 9 2 ,4 3 3 1 ,4 3 >,678 1 ,0 9 2 ,9 5 1
N . Y. O n t. A W e st.a . Mar.
3 0 8 ,4 8 9
3 0 3 ,7 2 6
8 4 ,5 9 2
7 9 ,8 0 0
J a n . I t o M ir . 3 1 . . . .
8 )5 ,2 1 1
8 1 8 ,8 29
2 (6 .3 0 0
1 8 1 ,7 1 7
J u ly 1 to M ar. 3 1 . . . . 3 ,0 3 7 ,8 0 2 2 ,9 4 5 ,5 3 4
9 1 3 .2 7 5
8 8 0 ,2 3 4
N o rfo lk A W est’ n .a . Mar.
9 7 7 ,7 7 0
9 3 3 ,5 1 6
3 ) 1 ,0 1 3
3 1 9 ,2 3 2
J an . 1 to M ar. 3 1 . . . . 2 ,7 6 9 ,8 3 6 2 ,5 8 0 ,0 30
8 2 5 ,3 4 0
7 6 1 .0 3 5
J u ly 1 t o M ar. 31 . . . 8 ,5 4 2 ,0 1 2 7 ,9 9 7 ,7 0 2 2 ,7 0 9 ,6 2 6 2 ,0 2 6 ,3 7 2 '
O re go n R R . A N a v .b M a r.
5 7 4 .5 3 1
3 0 8 ,8 8 3
1 9 3 ,0 3 4
9 7 ,7 5 5
J a n . 1 t o M ar. 3 1 . . . . 1 ,5 4 1 ,6 4 3
8 6 1 ,9 4 4
4 3 3 ,9 1 0
2 02,826
J u ly 1 t o M ar. 3 1 . . . . 5 ,1 8 4 ,0 2 1 3 ,5 7 2 ,9 5 9 2 ,2 7 9 ,6 4 3 1 ,5 0 3 ,7 8 5
O re g o n S h ort L in e .a .M a r.
5 0 6 ,6 3 4
4 3 4 ,5 1 2
2 1 8 .5 7 5
1 4 7 ,2 4 9
1 ,3 8 3 ,5 1 1 1 ,1 8 7 ,2 8 3
5 7 1 ,2 3 2
4 2 1 ,4 1 7
4 ,6 4 7 ,1 4 5 4 ,2 0 7 ,5 3 0 1 ,8 7 7 .6 3 4 1 ,4 4 5 .4 7 9
P aolfio C oast Co a ..F e b .
4 0 7 ,6 5 1
2 1 4 ,7 8 3
1 1 7 ,5 0 2
1 6 ,2 5 7
J a n . 1 to F e b . 28. . . .
7 8 1 ,3 2 9
4 5 7 ,4 7 0
2 25,015
3 6 ,5 9 4
1 ,1 3 1 ,1 8 5
7 1 4 ,4 1 6
2 9 8 ,4 6 6
7 7 ,3 4 1
P a oiilo M ail. . . . . . . . . M a r .
3 6 7 ,6 3 2
4 1 3 ,8 9 1
8 1,858
117 ,54 9 J a n . 1 t o M ar. 3 1 . . . . 1 ,0 5 6 ,6 0 7 1 ,1 3 3 ,7 7 9
1 8 4 ,4 4 5
2 4 7 ,5 7 1
M a y 1 to M ar. 3 1 . . . . 3 ,6 9 6 ,6 0 6 3 ,7 6 4 ,6 0 3
7 0 9 ,2 6 4
7 6 7 ,1 4 1
P h ila .W ilm .A Balt, b M a r.
6 4 6 ,1 0 7
6 7 2 ,7 0 7
7 1 ,6 1 8
1 2 7 ,2 1 8
J a n . i to M ar. 3 1 . . . . 2 ,0 6 8 ,9 1 5 1 .9 7 4 .1 3 5
3 3 5 ,8 4 8
3 4 9 ,1 4 8
N o v . 1 to Mar. 8 1 . . . . 3 ,5 6 7 ,8 9 7 8 ,3 2 2 ,1 9 7
7 3 2 ,4 1 7
6 8 8 ,6 4 7
P ro s p . P k. A C o n e y I s l.—
J a n . 1 to Mar. 3 1 . . . .
1 1 ,1 6 3
1 2 ,1 0 7 d e f. 4 ,9 0 3
d ef. 3 ,3 6 3
R io G r’ n d e S ou th , b .. Mar.
3 5 ,7 9 7
2 7 ,2 7 2
1 8 ,0 7 2
9 ,8 3 1
J a n . 1 to M ar. 3 1 . . .
1 0 5 .0 6 8
7 7 ,8 0 9
5 3 ,4 0 5
2 6 ,8 5 7
J u ly 1 to M ar. 8 1 . . . .
3 1 7 ,5 6 7
3 0 6 ,4 8 6
1 3 9 ,8 2 4
1 3 3 ,8 1 4
R io G ra n d e W e st. b .M a r.
2 5 4 ,4 9 3
1 8 3 ,8 7 1
1 0 2 ,7 8 5
5 2 ,9 2 6
J a n . 1 t o M ar. 31 . . .
6 9 4 ,7 9 9
5 1 7 .3 4 4
2 4 5 ,1 8 2
1 4 8 ,3 9 2
J u ly 1 to M a r. 31 . . . 2 ,4 9 5 ,0 2 9 1 ,8 1 1 ,8 5 4
9 0 8 ,5 2 5
5 8 6 ,8 3 1
St. J o s . A G d . I s l.a .M ar.
9 7 ,7 7 4
9 9 ,2 9 0
3 0 ,9 2 4
3 6 .6 9 9
J a n . 1 t o M ar. 3 ( . . . .
3 0 2 ,8 7 9
2 8 6 ,1 8 1
1 0 7 ,1 6 2
9 0 ,9 7 5
J u ly 1 to M ar. 8 1 . . . ,
9 6 2 .5 2 1
7 2 2 ,1 1 8
3 6 2 ,5 4 2
1 6 1 ,4 3 5
S o u th e rn P a c ific .b .M a r . 4 ,6 1 6 ,7 1 3 3 ,9 1 4 ,0 0 0 1 ,5 5 3 ,9 2 9 1 ,2 3 9 ,0 7 8
J an . 1 to Mar. 3 1 ___ 1 3 ,3 2 0 ,8 3 8 1 0 ,9 9 7 ,3 7 3 4 , * 0 / , 3 i 3 3 ,2 4 5 ,3 6 3
J u ly 1 t o Mar. 3 1 ----- 4 1 ,7 9 1 ,0 8 4 3 7 ,4 4 9 ,6 4 5 1 6,6 22 ',9 73 1 3 Ì6 8 5 ’,49Ó
T o le d o A O h io C e n .b .M a r .
1 4 5 ,8 5 0
1 3 0 ,6 2 6
4 3 ,2 0 4
4 0 ,3 5 2
U n io n P ao. R y .b . .. .M ar. 1 ,2 9 3 ,5 2 4 1 ,1 3 0 ,2 1 1
5 7 2 ,8 3 6
4 2 8 ,2 0
J an . 1 t o M ar. 31 . . . 3 ,6 6 9 ,5 1 2 3 ,1 1 8 ,0 5 1 1 ,5 5 3 ,4 8 4 1 ,0 8 1 ,8 2 g.
U n . P . D .A G n l f . b M ar.
3 3 7 ,5 0 0
2 6 9 ,5 0 9
1 2 0 ,8 0 0
8 9 ,9 2 0
J an . 1 to M ar. 3 t . . . .
9 6 2 ,9 1 8
7 5 3 ,1 4 1
3 5 6 ,2 0 1
2 4 4 ,4 4 9
W. J e rs e y A Seas’ e .b M a r.
1 7 8 ,4 1 0
1 6 4 ,2 8 5
3 4 ,4 1 3
2 8 ,1 7 0
J a n . 1 to M ar. 31 . . .
4 5 3 ,7 6 4
4 1 6 ,3 8 7
6 0 ,2 0 3
4 2 ,5 3 3
W est.N .Y . A P enn . b ..M ar.
2 3 4 ,8 6 4
2 1 1 ,9 6 7
7 2 ,0 7 9
2 7 ,6 5 3
J a n . 1 to M tr. 3 1 . . . .
6 6 6 ,9 0 3
6 1 4 ,1 9 6
1 7 6 ,1 1 8
1 1 1 ,* 2 4
J u ly 1 to M ar. 3 1 . . . . 2 ,5 1 3 ,7 6 3 2 ,2 8 5 ,3 3 3
9 1 3 ,8 4 4
7 4 0 ,7 2 4
a N et ea rn in g s h e re g iv e n a re a fte r d e d u c t in g tak es,
b N et ea ru iu g s h e re g iv e n a re b e fo r e d e d u ctin g tak es.

Interest tluarges and Surplus.—The following roads, in
7 7 ,2 1 1

.........

P e r Oent.
14*64

It will be seen that there is a gain on the roads reporting in
the amount of $3,824,890, or 14*64 per cent.
Net Earnings Monthly to Latest Dates. —Thetable fo llo w ­
ing shows the gross a id . net earnings o f
railroals
reported this week. A full detailed statement, including all




■—
R oa d s.
B o s t o n A M a in e .b —
J a n . 1 t o M ar. 3 1 . . . .
C lies. A O h io .a .. . . . M a r .
J a n . 1 t o M ar. 31 . . .
J u ly 1 to M ar. 3 1 . . . .

........ addition to their gross and net earnings given in the fore­

For the month of April 72 roads (all that have furnished
statements for the full month as yet) show aggregate results
as follows :
M onth o f A p r il.

roads from whioh monthly returns oan be obtained, is given
onoe a month in these oolumns, and the latest statement o f
this kind will be found in the C h r o n i c l e o f April 23, 1898.
The next will appear in the issue o f May 21, 1898.

going, also report oharges for interest, S o., with the surplus
or defioit above or below those charges.

------In t,, R en ta ls, <tc. — , —B a l. o f Net E a r n ’ as.1898.
--------------1897.
189 8 .
1897.
Roads.
9
9
9
9
C hic. A E a st. I l l ........M ar.
1 2 7 ,2 8 5
1 2 5 ,2 3 2
*3 5 ,0 5 8
* 1 6 ,3 3 5
J u ly 1 to M ar. 3 1 . . . 1 ,1 4 5 ,4 2 0 1 ,0 5 9 ,2 4 7
*4 4 9 .1 8 5
* 3 7 1 ,8 3 8
5 2 ,3 7 2
C hic. T erm . T ra n s f.,.M a r.
1 2 ,2 5 0
..............
J u ly 1 to M ar. 3 1 . . . .
4 7 6 ,9 2 2
7 8 ,7 4 2
D e a v e r A R io G r’d e .M a r .
2 1 3 ,0 6 6
2 0 2 ,4 2 4
5 4 ,3 2 4
2 3 ,2 3 3
J u ly 1 to M a r. 3 1 . . . . 1 ,8 1 0 ,2 3 9 1 ,7 6 2 ,5 4 9
7 0 2 ,6 4 0
3 4 3 ,2 7 6
F it c h b u r g J a u i to M ar. 3 1 . . . .
3 9 3 ,0 1 9
3 8 9 ,7 1 8
6 3 ,4 2 3
4 8 ,5 5 7
J u ly 1 to Mar. 3 1 . . . . 1 ,1 6 5 ,5 7 6 1 ,1 4 5 ,7 9 5
6 8 3 ,6 2 2
6 3 3 ,95 5 K a n a w h a A M i o b ....M a r .
1 1 ,5 6 7
1 0 ,4 3 0 d e f.6 ,1 8 8
d e f.7 ,7 2 7
R io G ra n d e S o u th ....M a r .
1 7 ,3 9 3
14,0 81
1 74 d e f. 4 ,2 0 0
1 3 8 ,5 3 4
J u ly 1 t o Mar. 3 1 . . . .
1 2 6 ,7 4 0
1 ,2 9 0
7 ,0 7 4
T o le d o A O. C en t ...M a r .
4 1 ,9 3 7
3 9 ,4 ) 3
*2,5,07
*1,272A f t e r a llo w in g f o r o t h - r in c o m e r seh
c ee iv
lveedd..

THE CHRONICLE.

896

STREET RA.ILVTA.YS AND TRACTION COJlPANIEi»
The following table shows the gross earnings for the latest
period of all street railways from which we are able to ob­
tain weekly or monthly returns. The arrangement o f the
table is the same as that for the steam roads—that is, the
first tw o columns of figures give tbe 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.
S T R E E T R A IL W A Y S

AND

T R A C T IO N

Latest Gross E a rn in g s.
[O b o s s
E a r n in g s .

W eek o r Mo

189 8 .

1897.

b N et e a rn in g s

-G ross E a rn in q s.1897.
1898.
9
9
9 9 ,0 1 5
1 0 5 ,9 6 1
2 7 9 ,4 9 5
2 8 « ,6 82
5 9 7 ,4 1 3
6 2 5 ,2 1 9
1 9 2 ,6 1 4

2 0 1 ,2 3 3

tiet E a rn in g s.-----1898.
1897.
$
9
4 2 ,3 4 8
3 6 .2 4 0
8 5 ,7 0 1
9 2 ,2 4 7
2 1 6 ,3 8 4
2 1 3 ,2 2 0
7 2 ,4 6 9

8 2 ,2 2 4

h e r e g iv e n a re b e fo r e d e d u o tin g ta x e s .

ANNUAL REPORTS.

J
^ a n . 1 to L a test D ate.
189 8 .

1897.

Street Railway Net Earnings.—The following table gives
the returns of Street railway gross and uetearniags 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 of this kind will be f mad in the Chronicle
of April 23, 1898. The next will appear in the issue oi May
21, 1898.
— N et E a rn in g s.1 89 3 .
1897.

Annual R eports.—The following is an index to all annual
reports of steam railroads, street railways and miscellaneous
©ompanies which have been published since the last editions
of the I nvestors’ and Street R ailw ay S upplements,
This index does not include reports in to-day’s C h r o n ­
ic l e .

R a il r o a d a n d M is o e l . C o ’ s
V olu m e 6 6 —
P a ge.
Bangor & A r o o s t o o k ...........••• ••• 655
Chic. A W est M ich......................... 854
Ctn. Ham. & Da,n o n t u . System .. 808
Cincinnati & Musk. Vallea ........... 8o5
Detroit Grand Rapids & W estern. 8o5
Flint & Per« M arquette...........
85»
General E leotrio............. ...........85», eoo
Lehigh & W ilkesbarre.C oal..........80H
808
Pittsburg & Lake Brie ..........

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

R

a i l r o a d s a n d M i s . C o . ( O on.) —
V o lu m e 6 8 —
P a g e.
Reeoe Button H ole Mach. C o........ «09
S w ift * Go . . . i . . .
809

STREET R A IL W ATS

V olu m e 6 6 —
Page .
A lton Railway & llum iuatlng....... 655
Cincinnati Newport * C ovington.. 706
Louis rille Railway .......................... 519
Twin City Rapid Transit C o ...4*4, 469
United Traction Co. o f P lttsonrg.. 499

Lake Shore & M ichigan Southern Railw ay.
( Report for the fiscal year ending Dec. 81, 1897.J
The annual report says: “ As a result of the refunding loan
made during the year, $21,373,500 of the various old issues of
the company’s 7 per cent interest-bearing bonds have been
exchanged, in advance of maturity, for the new 3% per cent
100 year gold bonds. In carrying out the exchange thus far,
the company’s funded debt has been increased $3,731,500, but
its annual interest charge is less by $618,170 than it was on
Jan. 1, 1897.”
.
The operating expenses in 1897 include the follow ing ex­
penditures: For new equipment purchased $349,280 ; for new
yard at West Seneca and 25% miles of new side tracks $237,426, and for other additional side tracks $7,753. The renewal
work also in working expenses included 123 miles of new
rails, 246 miles o f new side tracks and 110 miles of ballasting.
The construction and equipment accounts still remain un­
changed, and stand at $84,000,000 in the balance sheet; noth­
ing has been charged to either account since 1883. Since the
latter date nearly $11,400,000 spent for neyv equipment has
been charged to operating expenses. During the late year
there was thus charged 20 locomotives, 7 passenger oars and
60 freight cars.
Statistics.—1
The comparative statistics for four years, com ­
piled for the Chronicle, are as follow s:
OPERATIONS AND FISCAL RESULTS.

1894.
1 89 5 .
1896.
1897.
1 ,4 4 9
1 ,4 4 0
1 ,4 4 0
1 ,4 0 4
M ills o p e r ’ d D e o . 3 1 .
E q u ip m e n t—
590
548
576
518
L o c o m o t iv e s ...............
424
422
421
418
P a ss e u g e r o a r s ..........
1 9 ,6 6 8
1 9 ,3 1 3
1 8 ,7 0 8
F r e ig h t o a r s ................ 1 8 ,7 1 1
742
6 48
733
710
W o rk in g o a f s .............
O p era tio n s—
4 ,6 2 7 ,1 7 5
4 ,5 4 2 ,9 2 4
4 ,5 1 9 ,8 8 7
4 ,2 9 7 ,7 4 5
P ass, o a rr’ d (N o .)..
P a s s e n g e r m ile a g e ..2 1 0 ,4 8 7 ,4 0 2 2 1 1 ,1 2 0 ,5 9 6 2 1 0 ,9 6 6 ,5 7 2 1 9 8 ,2 9 2 ,2 6 5
2 1 3 9 e ts.
2 -2 2 9 ots
2 1 41 ots.
R a t e p e r p a ss . p . m . 2-018 ots.
F re ig h t (ton ) m o v e d 1 4 0 3 7 ,2 8 4 1 3 ,6 6 2 ,4 1 9 1 4 ,3 8 2 ,6 4 1 1 2 ,1 4 2 ,2 5 6
F r ’ g h t (t o n )m ile a g e . * 2 ,4 7 3 ,4 3 6 * 2 ,3 7 7 ,0 3 4 * 2 ,4 7 5 ,7 5 7 * 2 ,1 9 6 ,2 4 4
0 -5 7 2 Ot,
0 -5 4 9 ot.
0 -5 6 1 ot.
A v . r a t e p . t o n p . in.
0 -5 4 5 ot.
E a r n in g s —
$
$
4 ,5 1 2 .3 7 2
4 ,4 2 0 ,6 4 2
P a ss e n g e rs ...................
4 ,2 * 7 ,7 1 7 4 ,5 2 0 ,0 4 5
1 3 ,2 8 9 ,0 4 2 1 4 ,1 5 7 ,4 2 5 1 2 ,8 4 4 ,2 7 3
F r e i g h t .............1 3 ,7 3 4 .2 8 2
2 ,3 4 6 ,2 3 8
2 ,2 9 2 ,9 5 3
2 ,3 8 4 ,8 7 0
M a il, e x p ., re n ts , e t c .
2 ,3 1 5 ,7 2 2
T o t. g r o s s ea rn s. 2 0 ,2 9 7 ,7 2 1
E x p en se s—
2 ,3 7 5 ,2 1 6
M ain, o f w a y & stru o.
2 ,2 7 1 ,3 0 8
M a in . o ie q u i p m ’ tlT.
7 ,8 7 7 ,6 0 2
O on d u ot’ g tr a n s p ’ n .
3 4 2 ,8 5 0
G e n e r a l .......................
6 7 5 ,5 1 5
T a x e s ............................

2 0 ,1 9 3 ,9 5 7

2 1 ,0 1 6 ,0 3 5

1 9 ,5 5 7 ,8 7 0

2 ,2 0 9 .1 4 3
2 ,7 6 7 ,4 1 0
7 ,6 6 4 ,4 2 7
3 2 S .2 6 1
7 6 1 ,9 1 4

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

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

T o t a l ..................... 1 3 ,5 4 2 ,4 9 1
6 ,7 5 5 ,2 3 0
N e t e a r n in g s .............
6 3 -7 2
P . o. o p . e x . t o ea rn .

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

1 4 ,5 6 8 ,2 1 9
6 ,4 4 7 ,8 1 6
69 32

1 3 ,1 8 6 ,0 6 7
6 ,3 7 1 ,8 0 2
6 7 -4 2

* T h ree c ip h e r s o m itte d . IT I n 1 8 9 5 In clu d e s $ 1 ,6 1 5 ,9 5 4 f o r n e w
e q u ip m e n t ; in 1 8 9 6 , $ 8 1 6 ,3 0 2 , a n d in 1 8 9 7 , $ 3 4 9 ,2 8 0 .
INCOME! ACCOUNT.

$

D r y D o c k E . B . & B a t.—
4 0 ,6 2 9
1 5 4 ,9 6 5
1 5 9 ,0 3 3
J a n . 1 to M ar. 3 1 . . . .
7 ,3 9 2
1 5 ,5 0 8
1 6 ,3 1 2
D u lu th S treet R y ....M a r ,
1 9 .7 1 8
4 2 ,5 6 6
4 6 ,7 6 3
J a n . 1 to M ar. 3 1 . . . .
7 3 ,5 2 3
1 5 4 ,1 0 0
1 5 2 ,0 7 6
J u ly 1 to M ar. 3 1 . . . .
M e tro p o lita n S t R y .(N .Y .)v - ~
g . h ì O.ì
;
J a n . ¿ t o M ar. 3 1 . .U 2 ,4 2 3 ,2 5 5 : 2 ,0 9 2 ,4 6 2 1 ,0 8 8 ,3 0 2
292
2 ,8 6 7
2 ,7 7 4
N e w L o n d o n St. R y .M a r .
d e i. 1 6 6
7 ,8 8 6
8 ,2 6 6
J a n . 1 t o M ar. 3 L - . . .




R oa d s.
N orth S h ore T ra o t’ n .M a r.
J a n . I t o Mar. 3 1 . . . .
O ct. 1 t o M ar. 3 1 . . . .
R o ch e s te r R a ilw a y b —
J a n . 1 to M ar. 3 1 . . . .

C O M P A N IE S .

$
$
1 7 ,0 4 6
17,064
6,3 3 5
6.55C
A k ro n B e d f’ d & C lev M a r c h ........
6 ,8 4 6
7,924
3 ,1 4 9
F e b ru a ry .
3 ,6 4 5
A m sterd a m St. R y .
16,6 27
18,791
6,158
6,882
A tla n ta R a ilw a y . . . M a rc h ........
4
7
9
3 <4
4
9
3
,64
5
B a ltim o r e C o n .R y .* ... M a rc h ........ 173.695 171 ,43 7
3 ,7 8 2
3 ,9 7 0
1,3 3 8
1,5 6 0
B a th St. R y . (M aine). M a r c h ........
1
8
.2
53
1 8 , 6 '9
6 ,4 4 1
6,52«
B a y C ities C o n s o l... M a rch ........
2 9 ,5 7 3
33,3 83
B in eb a m ton St. R y ... M a r c h ........ 11,336 10,078
6
7
,1
3
3
74.4 12
25,843 2 3,0 44
B rid g e p o rt T r a c t io n . M a rch ......
6 9 ,5 4 4
71,494
B ro ck to n C on. St. R y. M a rc h ........ 2 6 .7 3 0 2 4 9 *0
B r o o k ly n E le v a t e d .. M a rc h ........ (132,663 (150,283 t43 5 ,7 6 5 1 431,091
B r’ k ly n R ap. T r. C o.—
B ro o k ly n H eigh ts > A p r il.......... 4 91 ,80 2 4 37,814
1 ,5 9 7 ,9 8 9
B ’k ly n Q ’n s & S u b . >
52,102
15,005
C h a rle sto n C ity R y ..
1 4 1 ,3 6 9
153 ,74 6
C itizen s’ 8 t.R y .J n d p . F e b r u a r y . 7 3 )0 2 4 67,9 13
1 8 ,1 0 *
1 6 .2 2 3
4,507
5 ,5 4 5
•Citiz n s’ CM unoieInd.) M a rch ........
2 ,« 6 9
3,111
1,431
1,539
C ity E le c. (R om e.G a .) F e b ru a ry ..
3 7 1 ,9 6 3
4 0 7 ,0 1 0
C le v e la n d E le c t r ic ... M a rch ........ 141,683 1 32,272
1
4 ,8 8 6
16,7
96
5
,8
6
0
5,925
M a r c h ........
C lev e. P a in sv . & E .
1 8 2 ,7 9 2
2 0 4 ,5 4 '
C olu m b u s St. R y . (O.) A p r i l ........ 5 1 .4 23 45,4 61
6
4
4
,7 2 7
7
1
2
,9
5
5
C o n s o li’ d T ra c. (N. J.) M a rc h ........ 248,719 225 ,45 8
Dan v . O a s E l. L ig h t &
2
6
,5
03
28.4
65
8,515
9 ,2 6 5
S treet R y ................... M a rc h ........
1 5 7 ,1 3 2
1 61 ,36 8
D e n v er C on. T ra m w .. M a rch ........ 5 3,7 66 5 3 ,7 2 8
3
2
5
.3
40
3 5 5 ,8 4 f
D e tro it C iti’ n s’ S t.R y 4 th w k A p r 27,0 77 2 4 ,6 0 5
9 9 ,1 3 9
9 8 .3 7 3
D e tro it E le c . R y ........ M a rc h ........ 3 3 ,4 4 1 3 4 ,3 63
4
2
,5
66
4 6 ,7 6 ?
16,3 12 15,508
D u lu th St. R y ............ M a rc h ____
1 9 ,3 7 4
2 1 ,0 8 9
9 ,1 1 6
E rie E leo. M o to r C o .. F eb ru a ry .. 10,1 03
F t. W a y n e & B e lle
3 9 ,0 3 6
4 2 .4 6 6
Is la n d (D e tro it) — M a rc h ........ 1 4 ,8 5 8 1 3 ,7 5 5
O a lv e s to n C ity R y . . . M a rc h ........ 15,668 14,559
4 7 ,2 3 0
54,273
16,188
18,457
........
M
a
rc
h
H a rris b u rg T ra ctio n
H e rk im e r M oh aw k II
10,671
9,641
3
,7
2
0
3
,5
7
9
io n * F’k fo r t El. R y. M a r c h ........
2 7 .5 1 0
3 0 ,5 6 “
H o u s to n E leo. St. R y . F e b ru a ry . 1 3 ,9 4 4 13,438
In te rs ta te C on sol, oi
2 6 ,8 4 3
2 7 ,«01
9 ,5 2 3
N orth A t t le b o r o .. . M a rch ........ 1 0 ,2 97
11,1 95
11,4*9
3,914
3,7 7 7
K in g sto n C ity R y . . . . M a rc h ........
2 4 .5 1 0
23,5 02
7,205i
7,855
L e h ig h T ra ctio n . . . . . M a rch ........
22,1
5
1 9 ,5 85
6 ,8 2 5
7,7 8 7
L o n d o n St. R y . (Can.) M a rch ........
8 3 ,0 3 1
88,12
L o w e ll L aw . & H a v .. M a rc h ........ 3 1 ,9 4 3 2 9 ,7 7 9
5
2
5 ,1 5 0
6 0 0 ,3 8 4
M e tro p .(K a n sa s City) «th w k A p r. 4 8 ,0 1 9 4 3 ,1 1 6
3 0 5 ,6 4 2
M etro. W. S ide (C hic.) M a r c h ___ 109,688
1 1 ,5 2 6
12.3 74
3,957
4 ,4 7 9
M o n tg o m e r y St. R y . M a rch ........
2 8 9 ,0 3 0
3 2 7 ,4 5 9
M o n tre a l S treet R y .. M a rc h ........ 114,677 9 9 ,4 4 2
4 7 5 ,7 7 7
5 8 5 ,7 3 7
N assau E leo. (B ’klyni A p r il.......... 166,797 141,441
1 3 ,4 3 0
14,716
4 ,9 1 9
5,4 6 9
N ew b u rg h E le o t r io ... M a rch ........
7 ,8 8 6
8 ,2 6 6
2,774
2 ,8 6 '’
N ew L o n d o n St. R y .. M a rch ........
3
1
7 ,6 8 7
3
3
2
,3
7
5
112,808
118,338
M
a
rch
........
N ew O rlea n sT ra otioii
3 0 ,0 2 6
3 2 ,8 2 8
N o r fo lk St. R y ............ M arch........ 11,673 10,713
8 « 9 ,7 1 7
9 0 5 ,7 0 2
N o rth Chio. St. R y .. . A p r i l .......... 2 34 .78 3 2 2 6 ,2 7 4
2 7 9 ,4 9 5
2 8 8 ,6 8 *
N orth S h ore T ra ction M a rch ........ 105,961 99,04^
3
,0
0
2
1,0
*2
2,951
1,183
O g d e n s b u rg St. R y .. . M a rc h ........
6 9 ,0 5 1
7 9 .2 23
P a te r s o n R y .............. Ma o h ____ 26,621 2 3 ,9 5 6
21,886
2
6
,6
9
0
9,777
7
,5
0
5
R ic h m o n d T r a c t io n .. M a rch ........
1 2 ,1 4 8
17,3 78
6,8 6 0
4 ,4 7 6
R o x b ’h C h .H .& N o r’n M a r c h ........
1 0 ,6 5 3
12,3 49
4,4 5 9
3 ,8 1 8
S ch u y lk ill V al. T ra c. M a r c h ........
8,1 9 3
2,861
2 ,9 3 i
S ora n ton & C a rb on d ’ e M a rch ........
'Ì 3 .7 2 2
1 3 ,6 9 5
4,8 0 4
4 ,8 *5
S cra n to n & P itts to n M a r c h .. ...
86,861
7 8 ,9 1 3
S ora n ton R a ilw a y .... M a rc h ........ 2 9,5 23 27,351
1 0 8 ,5 1 9
9 6 ,1 5 6
S y ra cu se R ap . T r. R y M a r c h ........ 3 6 ,6 6 2 3 3 ,9 6 2
3 48,181
2 9 6 ,9 3 8
T o ro n to R y . . . . . . . . . . A p r i l ____ _ 8 6 ,8 98 7 3 ,7 5 6
4 8 3 ,32 7
4 4 9 ,3 7 4
T w in C ity R a p . T ra n M a rc h ........ 163,848 L57.192
4 2 ,4 3 3
4 8 ,6 7 3
1 3,4 29 1 6,7 0*
U n ion (N. B e d fo r d ). M a rch . . .
2 2 3 ,2 4 5
2 0 2 ,6 0 5
U n ited T ract. (Pitts.; F eb ru a ry .. 105 2 85 9 7 ,6 3 8
3 9 1 ,2 4 4
3 7 8 ,7 9 4
M a roh ........ 135,702 130 ,28 2
3 6 ,7 5 2
3 4 ,2 7 2
U n it. T ra c. (R ead in g ) M a rch ........ 1 2 ,6 2 0 1 2 ,0 1 6
1 0,3 44
3 ,8 3 7
3 ,9 7 6
1 0 ,3 4 0
W akefield & S t o n e .... M a roh ........
6 3 .0 4 ;
54 008
W aterb u ry T r a c t io n .. M a rc h ........ 2 0 ,6 6 6 1 8 ,4 6 4
1
,2
1
2,96
3
7
4
.1
0
Í
1,159
640
7
1
,6
2
6
W est C h ica g o St. R y W k M ay l .
12,444
3 9 ,2 7 6
3 6 ,5 3 2
W heeling R a ilw a y ... M a ro h ........ 12,45«
7
6
,7
0
8
1
3
a
.4
49
73.86rf
3
6.3
52
W ilkeab. & W y. V aliev F e b ru a ry .
* In clu d e s B a ltim o re T ra ctio n aud. C ity <S S u b u rb a n fo r b o th y e a rs .
I T r o lle y oa rs c o m m e n ce d ru n n in g o n B r o o k ly n B rid g e F e b ru a ry 16
1 8 9 8 , w h ic h a c o o u u ts f o r d e cre a s e in c o m p a n y ’ s e a rn in g s.

-O ross E a rn in g s .1897.
1898.
R oa d s.
$
1 5 ,0 0 5
C h a rleston C ity R y ,.A p r .
5 2 ,1 0 2
J a n . 1 to A p r. 3 0 . . . .
1 3 6 ,4 5 3
J u ly 1 t o A p r . 3 0 . . . .
4 5 .4 6 1
5
1 ,4 2 3
C o lu m b u s (O .) St. R y .A p r .
1 8 2 ,7 9 2
2 0 4 ,5 4 1
J a n . 1 t o A p r. 3u —
8 .5 1 5
D a n v . G a s E l.-L .& 8 t.R y ,M a r, 9 ,2 6 5
2 6 ,5 0 3
2 8 ,4 6 5
J a n . 1 to M ar. 3 1 . . . .

rVoL. L X V I

R e c e ip ts —
N e t e a r n i n g s ............
I n t., d iv id e n d s , e to .

1897.
$
6 ,7 5 5 ,2 3 0
3 9 5 ,6 2 1

1896.
$
6 ,4 6 7 ,8 0 2
3 5 4 ,8 1 2

1895.
$
6 ,4 4 7 ,8 1 6
4 1 2 ,9 7 8

1894.
$
6 ,3 7 1 ,8 0 2
4 0 9 ,3 5 6

T o t a l I n c o m e .. ..
R e n ta ls p a id .............
I n t e r e s t o n d e b t ........
D iv ’ ds o n gn . s to c k ..

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

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

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

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

T o ta l d lsb u r s ’ ts .
S u rp lu s fo r d iv id e n d
,
D
iv
id
e n d s (6 Pi.O-).9 5 ,2 0 5
292
S u rp lu s ......... .
457

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

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

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

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

7 7 7 ,2 6 8

5 4 ,4 1 0

6 0 ,3 2 5

949

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

M

at

897

THE CHRONICLE.

7 , 1888. !

GENERAL BALANCE’ SHEET DECKMBER331.
189 5 .
$
R a ilr o a d , b ld g s, e t c . 7 1 ,7 9 5 ,8 3 7 71,950,613 7 1 .9 5 0 .6 L 3
Equipment............... 17,300,000 17,300,000 1 7 ,3 0 0 ,0 0 0
486,008
4 5 1 ,0 0 7
R e ’l eat. <feotfl.ee p r ’ t y
4 8 8 ,0 0 8
S t o c k s o w n e d , c o s t . *1 2 ,8 1 0 ,5 1 8 12,787,82-* 1 2 ,5 8 7 .7 2 8
7 0 3 ,4 0 0
746,380
B on ds ow n ed, cost.
t 7 6 1,380
1 ,0 7 8 ,2 4 3
1 ,1 3 2 ,8 5 5
A d v a n c e s ...................
1 ,0 1 8 ,0 3 0
9
4
8
,5
6
8
8
2 1 ,6 2 7
M a te ria ls , fu e l, e t c .
9 6 0 ,0 4 8
B ills reoet v a b le ........
...........
2 ,6 4 8 ,8 4 9
1 ,8 2 5 ,0 1 9
C ash o n h a n d ...........
2 ,2 2 5 ,3 7 8
U n o o lle o te d earns. &
1 ,5 8 4 ,0 7 4
1 ,5 5 3 ,8 7 2
o t h e r o p e n a o o ts ..
1 ,2 6 4 ,7 6 9
1 89 7 .

1894.

$

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

1897.
O p era tin g e x p en ses—
$
M a in t o f w a y , e t o ..
2 ,0 0 8 ,3 1 8
M aint, o f e q u ip m ’ t..
1 ,4 4 0 ,9 4 6
6 ,1 5 1 .6 7 0
T r a n s p o r ta tio n .........
G e n e r a l........................
3 1 8 ,2 5 9
T a x e s ............................
3 3 0 ,3 1 7
T o t a l o p e r. e x p e n .
N e t e a r n in g s .............
P .o .o p . e x p .t o ea rn s.

5 0 ,0 0 0 ,0 0 0 5 0 ,0 0 0 ,0 0 0
4 3 ,2 4 7 ,5 0 0 4 4 ,5 1 6 .0 0 0
1 ,5 2 6 ,5 0 0
1 ,5 2 7 ,0 0 4
I f l ,2 9 5 ,6 8 1 ITI,1 2 9 ,0 1 4
7 ,5 5 1 ,8 3 2 1 1 ,5 3 5 ,2 2 0

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

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

T o t a l l ia b ilit ie s ...1 0 8 ,6 2 2 ,0 1 8 .1 0 8 ,7 0 6 ,7 3 5 1 0 9 ,1 4 9 ,9 5 2 1 0 9 ,5 9 7 ,2 8 6
* In o lu d e s $ 2 .5 0 3 ,0 0 0 1st p r e f., $ 6 ,2 7 5 ,0 0 0 2 d p r e f. and $ 8 ,2 4 0 .0 0 0
c o m . s to c k N. Y . C hic. & St. L . R R .; $ 2 ,6 7 5 ,6 9 6 P itts. & L a k e E rie R R .;
$ 3 9 9 ,5 0 0 p re f. a n d $ 8 6 5 ,9 0 0 co m . M a h o n in g C oa l R R .; $ 2 0 0 ,0 0 0 T e r­
m in a l R y. o f B u ffa lo a n d $ 5 7 5 ,7 0 0 M erch a n ts’ D es . T ra n s. Co.
t J a m e s to w n & P ra n k . R R . 1 st m o rt. b o n d s, $ 2 5 0 ,3 0 0 ; s e c o n d m ort.
b o n d s , $ 4 6 7,1 0 0 , a n d P itts. Oh. & Y o u g h . gen . m o r t., $ 2 8 ,9 8 0 .
IT D e c e m b e r p a y -ro lls a n d v o u c h e r s .— V . 66, p. 8 11 .

Lake Shore System— Mahoning Coal Railroad.
(R eport fo r the year ending Dec. 31, 1897.)
The Lake Shorejreport furnishes the follow in g ;
RENTAL RECEIVED AND PAYMENTS.

189 6 .
$

1895.
$

1894.
$

2 6 8 ,3 9 6
15

2 8 5 ,7 4 3
22.

2 5 8 ,7 3 9
39

T o t a l in o o m e .......... .. ..2 8 0 ,4 9 3
D ed u ct—
I n t e r e s t o n b o n d s ........ . . . . 7 5 ,0 0 0
D iv id e n d s * ...................... ....1 8 3 ,0 9 2
O r g a n iz a tio n e x p e n s e s ...
1,5 4 7

2 6 8 ,4 1 1

2 8 5 ,7 6 5

2 5 8 ,7 7 8

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

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

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

T o t a l .......................... .. ..2 5 9 ,6 3 9
B a la n o e ............. ............... .s u r.2 0 ,8 5 4

2 5 9 ,4 4 9
su r.8 ,9 6 2

2 5 9 ,5 7 7
s u r.2 6 ,1 8 8

2 5 9 ,5 1 7
d e f.7 3 9

189 7 .
$
R e n t a l r e c e iv e d (40 p e r
ce n t) g r o ss ea rn in g s. .. ..2 8 0 ,4 7 4
19
O th e r i n c o m e .................

* P a id 5 p. o. o n p r e f. s to c k f o r a ll th e y e a r s ; a n d o n o o m m o n fo r
1 8 9 7 ,1 8 9 6 , 1 89 5 a n d 1 8 9 4 ,1 0 p. o.; f o r 1 89 3 and 1 8 9 2 ,8 p. o.; f o r 1891
fiia p . e.; a lso p a id fo r 1 8 9 0 , 7 p. o.; fo r 1 8 8 9 , 4 p. o.; f o r 1 88 8 , 3 p . o.
BALANCE SHEET DEC. 3 1 , 1 8 9 7 .
L ia b ilitie s —
M a h o n in g C o a l R R ........$ 3 ,3 8 7 .0 2 6 C a p ita l s t o c k —
P re f. 5 p. o., g u a r . . . . $ 6 6 1 ,8 5 0
B h a ro n B r a n c h ...............
3 8 7 ,3 9 8
C o m m o n ....................... 1 ,5 0 0 ,0 0 0
d a s h a n d ca s h i t e m s ...
4 1 ,1 6 8
1 st m o r t .b d s., 5 p. o .,g u . 1 ,5 0 0 ,0 /0
I n c o m e a c c o u n t .............
1 5 3 ,7 4 2
T o t a l............................ $ 3 ,8 1 5 ,5 9 3
—V . 6 4 , p. 835 ..
.fi«®

1895.
$
1 ,8 1 9 ,6 2 5
1 ,3 5 5 ,9 2 2
6 ,4 2 1 ,7 7 9
2 8 3 .4 0 6
3 0 2 ,4 9 9

1894.
$
1 ,4 8 4 ,6 4 5
9 1 8 ,5 6 6
6 ,1 4 1 ,6 5 9
2 5 9 ,5 9 3
3 4 0 ,6 4 4

1 0 ,3 9 2 ,3 5 1
3 ,4 2 9 ,2 6 3
75*19

1 0 ,1 8 3 ,2 3 1
3 ,4 6 8 ,1 8 8
74*59

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

1895.
$
3 ,4 6 8 ,1 8 8
4 9 ,0 7 7

189 4 .
$
3 ,4 3 9 ,9 0 5
4 4 ,6 5 0

t T h re e o ip h e rs jo m itte d .
2 ,3 2 8 ,6 2 6

INCOME ACCOUNT.

1897.
$
3 ,4 4 7 ,7 2 8
4 4 ,6 1 9

T o t a l a ssets ....1 0 8 ,6 2 2 ,0 1 3 1 0 8 ,7 0 6 ,7 3 5 1 0 9 ,1 4 9 ,9 5 2 1 0 9 ,5 9 7 ,2 8 6
L ia b ilities—
B t o o k ........................
B o n d s (see S u p p .)
D i v i d e n d s .. .,-----O t h e r lia b ilit ie s ...
I n c o m e a c c o u n t ..

1 0 ,2 4 9 ,5 1 0
3 ,4 4 7 ,7 2 8
74*83

1896.
$
1 .9 3 3 ,6 5 1
1 ,5 4 2 ,3 8 5
6 ,2 8 1 ,4 7 3
3 0 8 ,3 8 9
3 2 6 ,4 5 3

T o t a l.......................... $ 3 ,8 1 5 ,5 9 3
: .vdiCrfdiltm

Michigan 'C en tral R ailroad, tf
§|.;
Report fo r the year ending \Dec. 31, 1897.

R eceip ts—
N e t e a r n i n g s ............
In t. a n d d iv id e n d s .,
T o t a l I n c o m e .. ..
D isb u rsem en ts—
R e n ta ls p a id .............
I n te r e s t o n d e b t .. . .
C an. S o u th e rn share.

1896.
$
3 ,4 2 9 ,2 6 3
3 9 ,6 3 5

3 ,4 9 2 ,3 4 7

3 ,4 6 8 ,9 4 8

3 ,5 1 7 ,2 6 5

3 ,4 8 4 ,5 5 5

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

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

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

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

T o t a l ....................... ~ 2J > 97,426
S u rp lu s f o r d iv ld ’d s.
7 9 4 ,9 2 1
D iv id e n d s ( 4 p . o .) . .
7 4 9 ,5 2 0

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

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

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

2 8 ,3 8 9

6 0 ,8 2 9

4 6 ,0 3 4

S u rp lu s ..................

4 5 ,4 0 1

BALANCE SHEET DECEMBER 31.

1896.
$
4 2 ,4 9 0 ,1 3 0
6 7 0 ,6 9 6
1 ,6 6 1 ,3 5 8
1 ,2 4 6 ,8 2 2
3 4 6 ,8 0 0
4 0 2 ,3 9 6

1895.
189 4 .
$
$
4 2 ,3 7 8 ,4 1 1 4 2 ,3 7 8 ,4 1 1
6 7 0 ,6 9 6
6 7 0 ,6 9 6
1 *348,645 1 ,2 0 7 ,6 0 1
7 7 4 ,3 8 8
9 0 3 ,1 7 7
2 4 6 ,3 0 7
4 4 3 ,3 8 1
1 ,1 9 6 ,0 0 9
9 5 8 ,4 8 6

4 6 ,8 1 8 ,2 0 4

4 6 ,6 1 4 ,6 5 6 4 6 ,5 6 1 ,7 5 2

C a p ita l s t o c k ........... 1 8 ,7 3 8 ,0 0 0
1 8 ,7 3 8 ,0 0 0
B o n d s (see SUPP’ T ).
1 9 ,0 2 6 ,0 0 0 1 8 ,3 7 6 ,0 0 0
A c c o u n ts p a y a b le ..
1 ,8 2 8 ,7 1 3 1 ,8 6 7 ,5 7 8
A c c r u e d in t e r e s t .,..
2 8 0 ,3 8 4
2 8 0 ,4 9 6
D iv id e n d s ...................
3 7 4 .7 6 0
3 7 4 ,7 6 0
I n c o m e a c o o u n t.......
7 ,2 2 6 ,7 7 2
7 ,1 8 1 ,3 7 0

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

A ssets—
C o n s tru ctio n a o o ’t s .
In v e s tm e n ts . . . . .
F u e l a n d s u p p li e s . .
A c c o u n ts r e c e i v . . . .
U n c o il’ d e a r n in g s ...
C a s h ..............................

1897.
$
4 3 ,2 3 9 ,1 5 1
6 7 0 ,7 8 6
1 ,3 9 3 ,2 2 0
8 6 6 ,3 8 0
4 0 3 ,9 8 6
8 9 4 ,1 1 1

T o ta l a s s e ts ........ 4 7 ,4 7 2 ,6 3 4

T o t a l lia b ilit ie s . 4 7 ,4 7 2 ,6 3 4
—Y . 66, p . 7 60 .

4 6 ,8 1 8 ,2 0 4

4 6 ,6 1 4 ,6 5 6

4 6 ,5 6 1 ,7 5 2

New York Chicago & St. Louis Railroad.
(R eport fo r the year ending December 31,1897.)

^

The remarks in the report are substantially as follow s:
The gross earnings for the year were $5,815,217, being an
increase of $227,451. The earning3 from freight traffic in­
creased $154,472 and from passenger traffic $72,0*52. The
average rate received per ton psr mile wa3 *536 cent; per
passenger per mile 1-60 cents. A comparison with the pre­
vious year shows an increase in the former rate of -010 cent,
and a decrease in the latter rate of -16 cent. The cost per
ton per mile was *420 cent, and the cost per passenger per
mile was 1*3) cents, contrasting with *425 cent and 1-32 cents
respectively in 1896.
The maintenance of way expenses show an increase of
$105,232, which is principally the result o f making larger
expenditures for steel rails and cross ties and in repairs of
bridges, trestles aud culverts. All expenditures during the
year for additions to the property have been included in
expenses, no charges having been made against construction
or equipment.
A dividend of 2 per cent upon the first preferred stock
from the net earnings for the calendar year 1897 was
declared, payable March i, 1898,

^ T h e ’ report says in p a rt:
$$8tock a n i Debt.—The capital stock remains unchanged;
it is $18,733,00). The funded debt has been increased $650,0 0 by the sale of 650 1,000-dollar 4 per cent Michigan Cen­
tral bonds, secured by a mortgage on the property of the
Terminal Rft. Co., Chicago, date o f maturity July 1, 1941.
Construction.—This account has been increased $749 032,
by charging thereto all amounts expended in acquiring ter­
minal facilities at Chicago and East Chicago, reference to
T h e f o llo w in g is g iv e n as to m a in te n a n ce , e t c .: D u r in g th e y e a r 61
which was made in last report. The funds necessary to meet m iles o f t r a c k w e re b a lla s te d w ith g r a v e l a n d 10 w ith o ln d e r s ;
this expenditure were provided by the sale of the $350,000 2 2 9 ,4 9 1 cr o s s -tie s w e r e re n e w e d a n t 5,157*07 to n s o f n e w 6 5 -p o u n d
bonds previously mentioned, the sale of $75.000 of the same s te e l ra ils (4 9 -1 3 4 m iles) w e r e la id , w ith n e w j o in t fa ste n in g s. T h e
c o n d it io n o f t h e e n g in e a n d o a r e q u ip m e n t has been w e ll m a in ta in e d .
class of bonds on January 1, 1893, and $24,000 advanced from N
o a d d itio n s w e re m a d e to th e e q u ip m e n t in 1 8 9 7 . T h e re w as a d e ­
current funds.
cr e a s e o f 4 6 0 fe e t in the le n g th o f w o o d e n a n d a n in c r e a s e o f 5 3 fe e t
Eirninqs, Etc.—The freight traffic shows an increase in in the le n g th o f ir o n b rid g e s . T h e ir o n b rid g e s n o w a g g re g a te 3 *3
ile s a n d th e w o o d e n b rid g e s 5 7s m ile s. T u e a m o u n t e x p e n d e d
tons moved one mile of 53,354,546, and an increase in earn­ m
d u rin g th e y e a r fo r h ire o f fr e ig h t oa rs, in e x c e s s o f th e a m »unt
ings of $38,000. The ra^e per ton per mile shows a decrease r e c e iv e d fr o m o th e r ra ilro a d s f o r use o f th is c o m p a n y ’ s fr e ig h t e q u ip in cents from 0-636 to 0*616, or 0-030. The passenger traffic m eu t, w a s $ 3 2 9 ,8 6 0 .
«hows a decrease of 1.911,805 in passengers moved one mile,
Statistics.—The statement of operations, earnings and
and a decrease of $187,50 » in earnings. The rate per passen­ charges has been compiled for the Chronicle as follows:
ger per mile shows a decrease in cents from 2-268 to 2-175, or
OPERATIONS AND FISCAL RESULTS.
0 093. The gross operating expenses (including taxes) shows
1894.
1895.
1896.
1897.
a decrease of $142,839. The cost of all betterments and M iles o p e ra te d
512
512
512
512
additions to the property, except the item shown uader the
O p era tio n s —
4
8
2
,3
4
3
5
3
3
,5
7
7
4
7 3 ,4 4 1
Pass, c a r r ie d .........
4 6 1 ,8 8 9
head of construction, is included in this account.
ass, o a rr’d l m ile .. 5 4 ,7 0 7 ,9 8 5 45*,753,614 5 8 ,0 9 6 ,8 0 3 4 5 ,1 5 8 ,5 9 1
Statistics—The comparative statistics for four years, com­ P
1-76 ots.
1-59 ots.
1 -69 ots.
R ate p e r p ass, p e r m.
1 -60 cts.
3 ,1 4 8 ,2 5 0
3 ,5 6 9 ,0 3 0
3 ,0 3 4 ,7 7 2
piled for the Chronicle, are as fo llo w s:] |
F r e ig n t (to n s )o a r r ’ d, 3 ,3 1 3 ,5 4 9
u

[OPERATIONS AND FISCAL RESULTS

1884.1
1 ,6 3 4 * '

M iles o p e r a t e !
E q u ip m en t—
461
L o c o m o t i v e s .............
360
P a ss e n g e r eq u ip m ’ t.
1 3 ,7 6 1
F r e ig h t e q u ip aient. p i O perations—
2 .6 6 3 ,1 4 1
2 ,6 4 9 ,7 1 5
P a ss e n g e rs c a r r ie d .
2 ,4 5 6 ,2 6 1
P a ss e n g e r m ile a g e ..1 5 4 ,4 0 5 .3 1 9 1 5 6 ,3 1 7 ,1 2 4 1 «3 ,0 9 2 ,8 1 3 1 5 4 ,9 9 5 ,5 1 6
2 -28 8 ots.
2 -2 5 2 cts.
2 -2 5 8 cts.
P a te p. p a ss. p. m ile 2-17 5 cts.
7 ,2 7 6 ,2 7 0
7 ,4 7 0 ,9 5 1
6 ,1 7 5 ,2 1 5
F r ’ g h t (ton s) m o v e d . 7 ,6 2 7 ,1 7 6
1 1 ,4 80 ,2 5 1 t l , 4 8 7 ,9 8 9 11 .2 1 0 ,3 8 7
F r ’ g h t (t’ us) m ile a g e t l , 5 3 3 ,6 0 6
0 -6 3 6 c ts .
0 -6 1 7 ots.
0 6 8 7 cts.
A v ra te p. to n p .m ile
0*616 cts.
M a m in a s—
3 ,4 9 9 .3 4 1
3 ,6 7 2,50 1
3 ,5 4 5 ,6 5 6
3 ,3 5 8 ,1 5 9
P a s s e n g e r ...................
8 ,3 1 4 ,0 2 6
9 ,1 7 7 ,9 6 4
9 ,4 1 2 ,4 6 2
F r e ig h t .............
9 ,4 5 9 ,5 5 6
770,645
•800,934
8 ö 3 ,4 9 6
M a il, e x p r e ss , e t c . . .
8 8 8 ,5 2 3
fcTotal g r o s s i




1 3 ,6 9 7 ,2 38*"*Ï3, 8 2Ï"j 61 T "”ï 3 ,6 5 1 ,4 1 9 ^ 1 2^5ÏÏÎÏÏÏ2

F r ’ t (tou s) o a r’ d lt n .9 0 4 ,1 0 2 ,7 2 7 8 9 0 ,7 7 2 ,2 6 3 1 0i¡4 7 3 6 9 1 8 8 9 6 ,6 5 7 ,9 7 1
- a te p e r t o n p e r m .. 0- - 5-3 ! Ots.
----------ü
M
l
0 -5 3 4 ots. te
0
-5 2 6 ots.
0 -5ü1 8Mots.
R
n a m in g s —
924,700
7 6 1 ,9 3 8
8 0 4 ,9 1 5
8 7 6 ,9 7 7
P a sse n g e r
5 ,3 0 7 ,7 7 7
4 ,7 9 2 ,2 9 7
4 ,6 8 9 ,0 9 6
F r e i g h t .......................
4 ,8 4 3 ,5 6 8
8 5 ,4 7 4
7 5 ,0 0 4
9 3 ,7 5 5
9 4 ,6 7 2
M a ll, e x p r e s s ,e t o ...
T o ta l e a r n in g s ..

5 ,8 1 5 ,2 1 7

5 ,5 8 7 ,7 6 6

6 ,3 1 7 ,9 5 0

5 ,6 2 9 ,2 3 9

T ra n s p o rta tio n ..........
M o tiv e p o w e r ............
M aiut. o f w a y ............
M aint, o f o a r s ............
G e n e ra l........................
T a x e s ............................

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

2 ,3 2 4 ,7 3 0
1 ,0 5 9 .2 5 2
5 1 3 ,0 0 5
366.9-31
1 2 7 ,0 8 9
2 1 9 ,1 5 4

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

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

T o t a l .....................
4 ,7 3 0 ,6 2 5 ,4 ,6 1 0 ,1 6 1
N e t e a r n in g s .............. 1 ,0 8 4 .5 9 2
9 7 7 ,6 0 5
___,
r
« n m n iT
l '9
>nüJD
O th er i n c o m e ..¿ . „ i . . . i .i „7,299fr?S,*!
',6 4 3

T ota l..................

1 ,0 9 1 ,8 9 1

9 8 7 ,2 4 8

5 ,0 8 9 ,7 1 9
o c .a
o
8,5
8 3.

4 ,6 7 1 ,9 7 7
9 5 7 ,2 6 2
,(J;l itn
6 ,9n9 n
0

1 ,2 3 6 ,8 1 4

9 6 4 ,2 5 2

it r

THE CHRONICLE.

89ö

[V

ol.

LXY1.

General Results.—President Dolan occupied three quarters
of an hour reading his annual report. It showed profits for
1897 of $1,424,3(0, a gain of $142,141 oyer 1896. The net
gain from gas sales was $310,666, but this was reduced by
some charging off for sales of some electric-light securities.
9 5 4 ,9 2 5 [The dividends, 8 per cent per annum, call for $912,000.—Ed .j
9 8 4 ,1 6 3
1 ,2 0 5 ,5 0 7
1 ,0 8 4 ,2 3 6
T o t a l .....................
Operations o f Properties Controlled and Operated.—Since
9 ,3 2 7
3 ,0 8 5
3 1 ,3 0 7
7 ,6 5 5
S u rp lu s ................... ..
1895 there has been a great increase in gas consumption in
BALANCE SHEET DECEMBEB 31.
the United States and great expansion in the use of gas fo r
1894.
1896.
1895.
1897,
other than illuminating purposes. The company is interested
$.
$
$
A ssets —
$
in gas companies in 33 cities, although it has constructed and
C o st o f r o a d ............... .4 6 ,0 8 6 ,1 5 8 4 6 ,0 8 6 ,1 5 8 4 6 ,0 3 6 ,1 5 8 4 6 ,0 8 6 ,1 5 8
3 ,7 2 0 ,8 4 7 sold gas works in 103 cities, whose combined output is seven
8 ,7 2 0 ,8 4 7
3 ,7 2 0 ,8 4 7
C o st o f e q u ip m e n t .. . 3 ,7 2 0 .8 4 7
2 5 7 ,4 2 4 times that of Philadelphia. The number of meters outside
2 1 2 ,4 9 7
1 7 6 ,7 1 6
2 0 1 ,8 9 6
M a teria ls a n d f u e l .. .
4 3 5 ,5 4 9
3 6 6 ,5 3 5
3 2 1 ,3 5 1
4 6 3 ,5 1 8
C ash ............................... .
of Philadelphia represented in the U. G. I. Co. has increased
1
2
,5
6
7
4
1
9
,4
1
6
4
,6
8
9
B ills r e c e iv a b le ........
2 2 6 ,4 2 3 ia 3 years from 77,552 to 124,550, The gas sales in these
1 9 1 ,2 0 2
3 2 4 ,0 4 8
2 1 1 ,4 6 3
D u e b y a g en ts , & o.. .
4
4
1
,1
1
8
4
2
6
,3
8
4
3
9
4
,7
5
9
5 2 2 ,0 6 6
cities in 1894 were 2,033,747,000 cubic feet, and in 1897 the
D u e b y oth e r c o ’ s ... .
7 ,1 3 3
7 ,4 5 2
7 ,1 3 3
7 ,4 5 2
D u e b v P . O. D e p t .. .
sales were 3,134,645,400. The average price of gas in 1894
4 1 ,1 9 1
4 7 ,6 0 3
4 2 ,9 0 8
4 8 ,0 3 8
M is ce l. a c c o u n t s — .
was $1 53 and in 1897 was $1 25. The total mileage of mains
T o t a l........................ 5 1 ,2 6 6 ,1 2 7 5 1 ,0 3 4 ,9 2 4 5 1 ,5 2 9 ,6 5 6 5 1 ,2 1 5 ,8 4 3 aud pipes in 1894 was 1,169 and in 1897 was 1,563,
Financial.—In three years the extensions and improve­
L ia b ilitie s —
___
1 st n r e f. s t o c k ............. 5 ,0 0 0 ,0 0 0
5 ,0 0 0 ,0 0 0
5 ,0 0 0 ,0 0 0
5 ,0 0 0 ,0 0 0 ments outside Philadelphia have cost $3,030,148, and the ex­
2 d n ref. s t o c k ............. 1 1 ,0 0 0 ,0 0 0 1 1 ,0 0 0 ,0 0 0 1 1 ,0 0 0 ,0 0 0 1 1 ,0 0 0 ,0 0 0
tensions for 1898 are estimated at $860,000. The company
C o m m on s t o c k ............1 4 ,0 0 0 ,0 0 0 1 4 ,0 0 0 ,0 0 0 1 4 ,0 0 0 ,0 0 0 1 4 ,0 0 0 ,0 0 0
F u n d e d d e b t ................1 9 ,4 2 5 ,0 0 0 1 9 ,4 2 5 ,0 0 0 1 9 ,4 2 5 ,0 0 0 1 9 ,4 2 5 ,0 0 0 has therefore had to finance, including the currant year, far
U n p a id v o u c h e r s ., ...
4 7 3 ,5 9 6
3 8 9 ,0 0 5
5 5 5 ,3 8 9
5 3 5 ,5 6 9 $3,892,148. This has been provided by surplus earnings >!
U n p a id p a y -r o lls ........
2 0 5 ,1 8 6
1 9 1 ,8 6 1
2 1 7 ,1 2 7
2 0 1 ,0 9 8 three years, amounting to $360,000, and by very large bor­
D u e c o ’ s & in d iv id ’ ls.
1 0 3 ,5 8 2
7 5 ,6 2 8
1 0 1 ,1 7 5
1 0 5 ,3 2 0
In t. d u e an d n o t p a id
8 ,8 6 0
9 ,8 0 0
1 1 ,4 2 0
9 ,6 2 0 rowings. The companies are now in a position to finance
In t. a ccr u e d , n o t d u e
1 9 4 ,2 5 0
1 9 4 ,2 5 0
1 9 4 ,2 5 0
1 9 4 ,2 5 0 themselves. Competition has been met and overcome, and
R e n t o f e q ’ t, n o t d u e .
4 9 ,6 1 7
5 1 ,0 0 0
2 7 ,0 0 0
2 8 ,0 0 1 all companies have been amply protected.
D iv . o n 1 st p re f. s t’k .
1 0 0 ,0 0 0
..............
2 5 0 ,0 0 0
..............
Competition was sharpest against the Kansas City & Mis­
S in k in g fu n d a o c t . . .
5 4 1 ,8 9 7
5 4 1 ,8 9 7
5 4 1 ,8 9 7
5 4 1 ,8 9 7
In com e a c c o u n t ......
1 6 4 ,1 4 0
1 5 6 ,4 8 4
2 0 6 ,3 9 8
1 7 5 ,0 8 9 souri Gas Co., beginning in 1895. This company had to spend
$1,200,000 in extensions and $1,300,000 in purchase of rival
T o t a l ....................... 5 1 ,2 6 6 ,1 2 8 5 1 ,0 3 4 ,9 2 4 5 1 ,5 2 9 ,6 5 6 5 1 ,2 1 5 ,8 4 3
plants. The total expenditures on these two accounts was
—V . 6 6 , p. 664.
$2,500,629. But the sales of gas have increased from 208,704,300 cubic feet in 1895 to 746,854,800 cubic feet in 1897 and
Mexican Central Railw ay.
the Kansas City company now is in splendid condition. Gas
('Report fo r the year ending Dec. 31, 1891.)
at $1 in Kansas City has meant the placing of 26,527 gas
On subsequent pages are published the remarks of Presi stoves and ranges in a city of 96,000 meters. Similar experi­
dent Robinson from the report for 1897, together with tables ence has been found at Omaha with gas at $1*35.
The Welsbach Co. will probably show this year, 1898, the
of the year’s business, the balance sheet, eto.
Statistic».—The comparative statistics for several years, largest profits it has ever seen, but both this company and the
compiled in the usual form for the Chronicle, are as follow s: Welsbach Commercial Co. had to meet reduced sales and re­
duced prices the past year. _ The profits of both these com­
EARNINGS AND EXPENSES (MEXICAN CU R R E N C Y ).
panies show about the same in 1897 as in 1396.
1894.
1895.
1896.
1897.
Equitable Illuminating Gas Light Co. o f Philadelphia.—
1 ,8 6 0
1 ,8 6 0 .
1 ,8 7 0 .
1 ,9 5 6
A v e r , m iles o p e r . . . .
The financing of the Equitable Illuminating Gas Light Co,,
E a r n in g s f r o m —
1 ,8 2 8 ,0 7 3
1 ,9 3 4 ,6 1 3
1 ,5 7 6 ,8 0 1 which was organized to operate the Philadelphia Gas Works,
2 ,2 5 7 ,3 2 8
P a s s e n g e r s .................
7 ,1 4 5 ,0 4 1
6 ,4 4 0 ,7 1 3 formed an important part of the President’s report. The
7 ,6 4 6 ,2 5 8
F r e ig h t ......................... 9 ,8 6 1 ,9 9 5
5
2
2
,7
5
2
6
2
7
,1
4
9
4 0 8 ,5 1 0
7
2
6
,4
9
5
E x p r ’ s, te le . & m is ..
new company issued bonds to the amount of $7,500,000 and
1
0
,2
0
8
,0
2
0
9
,4
9
5
,8
6
6
8
,4
2 6 ,0 2 5 stock to the amount of $6,25r*,0 0, of which $3,125,010 is pre­
T o t a l e a r n in g s .. 1 2 ,8 4 5 ,8 1 8
E x p en se s
ferred and draws interest for the first year at 4 per cent and
8 7 9 ,5 1 2
8 4 7 ,4 6 4
1 ,7 3 3 ,7 6 3
9 8 4 ,7 7 1
M a in t. o f w a y , e t c . .
1 ,2 0 6 ,1 9 6
9 5 9 ,3 2 7
9 5 5 ,8 9 9 thereafter at 6 per cent, and $3,125,000 is common stock.
M a ln t. o f e q u ip m e n t 1 ,6 4 0 ,4 2 2
3 ,1 9 4 ,5 9 6
3 ,0 5 9 ,8 8 1 The common stock and $25,000 of the preferred stock went to
3 ,9 2 0 ,1 2 2
T r a n s p 'n an d tra ffic 4 ,8 0 3 ,8 4 4
5 9 6 ,4 3 1
6 3 3 ,1 8 4
5 6 5 ,9 5 5
6 5 1 ,4 4 3
the U. G. I. Co. to ensure control. Tne balance of the pre­
G e n e r a l.......................
ferred stock went to the Seligman banker syndicate, together
5 ,5 9 9 ,3 9 1
5 ,4 5 9 ,6 7 5
8 ,8 2 9 ,4 7 2
6 ,7 4 4 ,2 7 3
T o t a l .....................
with $7,500,000 bonds for the necessary $6,200,000 cash. Two
(5 8-9 7 )
(66-07)
(6 4-8 0 )
(68 7 3 )
P .o .o t o p .e x p .t o e a rn
years will be required to put the Philadelphia Gas Works in
3 ,8 9 6 ,4 7 5
3 ,1 6 3 ,7 4 7
4 ,0 1 6 ,3 4 6
2 ,9 6 6 ,3 5 0
N e t e a rn (M ex . our.)
a standard condition, and it is estimated the cost will be
1 ,8 4 1 ,5 1 6
2 ,0 6 3 ,1 5 7
1 ,5 3 8 ,6 9 3
N e t.ea rn .(U . S .our )* 1 ,9 3 7 ,4 8 3
$15,000.000, extended over a series of years; o f this amount
* T h e a v e r a g e p r ic e re o e iv e d f o r M e x . d o lla rs in U . S. g o ld w a s : I n $6,200,000 was required at once, and was obtained in the
1 8 9 7 , 4 1-2 4 ce n ts ; in 1 8 9 6 , 53-17;; in 1 8 9 5 , 52*95; in 1 8 9 4 , 51-8 7 .
manner indicated. The bankers would not take the bonds
INCOME ACCOUNT (UNITED STATES CURRENCY).
without the directors and officers of the U. G. I. Co. guaran­
teeing them against loss to the amount o f one halt of the
189 5 .
1894.
1896.
1897.
$
$
$
R ece ip ts—
underwriting, as an adverse legal decision would cause a loss.
$
2
,0
6
3
,1
5
7
1
,5
3
8
,6
9
3
1
,9
3
7
,4
8
3
1
,8
4
1
,5
1
6
N e t e a r n i n g s ............
The stockholders were asked at the meeting to ratify this
1 5 5 .9 4 1
1 8 6 ,4 7 2
1 4 2 ,4 6 0
9 7 ,0 3 7
M is c e lla n e o u s ...........
ersonal action of their directors, insuring the success of the
1 ,9 9 7 ,4 5 7
2 ,2 4 9 ,6 2 9
nancial plan while litigation was pending.
1 ,6 8 1 ,1 5 3
T o t a l n e t In co m e 2 ,0 3 4 ,5 2 0
D isb u rsem en ts—
Kansas City Bonds.—The bankers further agreed to pur­
2 ,3 2 0 ,5 3 3
2 ,3 0 6 ,6 0 0
2 ,3 7 8 ,6 0 0
2 ,3 0 6 ,8 8 8
I n t e r e s t o n b o n d s ...
1 5 9 ,9 3 5
2 0 8 ,2 8 1
1 9 4 ,8 6 7
1 8 8 ,4 4 9 chase the bonds of the Kansas City & Missouri Gas Company,
M is ce lla n e o u s ...........
but the times have been against the marketing of these bonds,
2 ,5 1 4 ,8 8 1
2 ,4 8 0 ,4 6 8
2 ,5 7 3 ,4 6 7
2 ,4 9 5 ,3 3 7 as yet by the banks.—Y. 66, p. 236.
T o t a l.....................
P a y m en ts—
I n te r e s t o n b o n d s . R e n ta l o f e q u ip m ’t .
R e n ta l o f term in a ls.
D iv . o n 1 st p f. s to c k .

1897.
$
7 7 7 ,0 0 0
1 1 6 ,5 4 2
9 0 ,6 9 4
1 0 0 ,0 0 0

1896.
$
7 7 7 ,0 0 0
1 1 2 ,9 7 2
9 4 ,1 9 1

1895.
$
7 7 7 ,0 0 0
8 3 ,0 0 0
9 5 ,5 0 7
2 5 0 ,0 0 0

1894.
$
7 7 7 ,0 0 0
8 6 .0 0 0
9 1 ,9 2 5

g

B a la n c e ....................... d e f.5 3 8 ,9 4 7 d e f.4 8 3 ,0 1 1 d e f.2 6 5 ,2 5 2 d ef. 8 1 4 ,1 8 4
2 7 5 ,0 0 0
4 6 1 ,2 2 8
6 5 0 ,0 0 0
7 5 0 ,0 0 0
A d d s u b s id y ...............
R e s u lt ................... s u r.1 1 1 ,0 5 3 d e f. 2 1 ,7 8 3

sur. 9 ,7 4 8

d e f. 6 4 ,1 8 4

BALANCE SHEET DECEMBER 31.

1897.
1896.
1895.
1894.
A ssets—
$ •
$
$
$
C o n s tru ctio n & e q 't ,1 4 1 ,4 8 2 ,3 8 1 1 3 9 ,9 7 1 ,3 8 0 1 3 8 ,5 0 3 ,9 9 3 1 3 7 ,9 4 9 ,9 1 8
M a te ria ls, fu e l, eto.
3 6 9 ,1 8 5
4 1 9 ,6 5 2
5 4 2 ,0 0 7
4 8 7 ,3 1 1
P r io r it y b ’ ds o w n e d . 6 ,1 2 2 ,6 4 6
6 ,1 2 2 ,6 4 6
6 ,1 2 2 ,6 4 6
6 ,1 2 2 ,6 4 6
-T ru s. s’ b sd y tr.fu n d .
~
—2 4 ,3
-----3 ,2 5 0 ,6 4 5
3 ,3 7 7 ,1 2 0
3 ,5 7 0 ,5 8 5
2 ,5
47
B ’ d s h e ld b y B a n co
1 1 9 ,3 8 4
1 2 1 ,7 9 6
1 1 9 ,4 9 3
1 2 1 ,7 16
N . d e M e x ic o ,........
2 ,7 0 1 ,9 1 3
2 ,7 3 5 ,7 3 8
2 ,7 6 9 ,5 6 3
1 ,9 2 3 ,9 3 8
T a m p ic o H a r b o r Co.
6 2 1 .9 9 8
9 3 7 ,3 1 9
6 8 2 ,9 1 8
1 ,2 5 0 ,2 7 9
B ills & a oets. r e o . . .
1 ,2 7 4 ,1 9 4
1 ,0 1 9 ,8 4 1
1 ,1 3 1 ,2 1 3
1 ,4 8 8 ,0 7 1
C a s h ......
..........
1 6 1 ,2 2 9
I n c o m e a c c o u n t ___
T o t a l a ss e ts ........1 5 5 ,2 8 2 ,6 4 3 1 5 4 ,3 9 1 ,1 0 0 1 5 3 ,6 1 2 ,4 0 3 1 5 2 ,8 3 3 ,6 4 7
L ia b ilitie s —
S t o c k ................... ......... 4 7 ,9 1 5 ,1 0 0 4 7 ,9 0 9 ,1 0 0
B o n d s (see S u p p . ) . . 9----------------5 ,0 5 1 ,7 1 3 9 4 ,0 4 6 ,3 1 2
1 ,2 1 1 ,0 2 0
C o u p ’ s * a c c r u ’ d in t.
1 ,2 8 7 ,3 3 0
1,000,000
N o t e s ...................
1 ,6 6 5 ,0 0 0
7 2 4 ,4 3 8
V ’ oh’ s .p a y -r’ s & a co ’s
4 9 9 ,7 4 9
9
,4 7 8 ,9 9 6
M e x . G o v . s u b s id y .
8 ,7 5 2 ,6 9 9
2 1 ,2 3 4
E q u ip m e n t fu n d •....
----------..............
I n c o m e a c c o u n t ___
1 1 1 ,0 5 3

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

4 7 ,8 4 4 ,1 0 0
9 2 ,3 0 2 ,6 0 2
1 ,1 L4,0 0 7

6 2 4 ,7 7 5
9 ,6 0 5 ,4 7 2
.9,821
2 1 ,7 8 2

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

1,000,000

1,000,000

T o t a l lia b ilit ie s __ 1 5 5 ,2 8 2 ,6 4 4 1 5 4 ,3 9 1 ,1 0 0 1 5 3 ,6 1 2 ,4 0 3 1 5 2 ,8 3 3 ,6 4 7
—V . 6 6 , p . 4 24 .

GENERAL INVESTMENT NEW S
Reorganizations, E tc.—Latest Data as to Defaults, Reor>ganization Plans, Payment o f Overdue Coupons, Etc.—A ll
facts of this nature appearing since the publication of the last
issues of the Investors’ and the Street R ailw ay Supple­
ments may be readily found by means of the folio wing index.
This index does not include matter in to-day’s C hronicle,
As to some smaller companies see also p. 572, issue of Mar. 19',
R a i l r o a d s a n d M i s c e l . C o .’ s .
V olu m e 6 6 —
P a ge.
Arizona Canal C o....... ........... reorg. 810
Balt. A Ohio................ May eouoo . 856
Blue Ridge & A tla n tic.. . . . . . .reorg. 810
Brooklyn & Brighton B. .recvs. ctfs. 810
do
foreclosv/re. 866
Central Br.. U. P agreem. operative. 81''
Cent. Pacific... .committee con solid. 866
Central W ashington........ — reorg. 856
Cincin. & Musk. Val. coup. ■»aym’ts 856
do
leaseto Pitts. O. C. & St.
Louis canceled. 856
Colorado Midland new bonds listed. 856
Manhattan Alm a & Burlingame
sold to AtcM'ion. 857
Nashville Tel. & Charleston ...sold. KL1
N. V. Phila. & N orf. .reoru.665,770, 811
Niagara Land & Dockaee. .foreelos. 81 •
Phil. Read. & N. E ...vlan.574,771, 811
St. L. Kan. & Southwest.«#er of
St. L & S. F. accented. 811
South.Pac.RR.consol.conswmd.761, 811
U. P. Den. & G u lf...................reorg. 81L
West Virginia A Pitts .default, 665;
deposits rea nested. 812

R a i l r o a d s & M is. C o .’ s— (O o n .)—
V o lu m e 6 6 —
P a ge.
Whitehreast Fuel Co ......... reorg. 860
Yankton Norf. & Southw........sale. 860
St r e e t R a i l w a y s .
Akron St. Ry. & 111.......recvs. ctfs.
Asbury Park & Beimar.............* rid.
Brooklyn El. R ll.xd in sial.of asses.
Cincinnati Inc. Plane......sold.471,
Columbus (G a.).........
.reorg.
Columbia A Maryland...............sold.
Denver C ity.......................... ..reorg.
East W areham Onset Bay & P t.
Ind ............................................. sale.
Kings County Elevated.recvs ctfs.
Lakeside Ry. (Mabanoy City, Pa.)
applic.for recvr.
Lynchburg E lectric...................sold.
New Url Tr. reorg.Oil.defaultMay 1.
Norfolk & Ocean V iew ............. sale.
Park CityCBowlingGreen,Ky.)sold.
Syracuse East Side R v .. default.
Tiffin & Fostorla (O.) Elec. Ry.»old

678
616
856
810
750
664
616
664
709
760
473

857
United Gas Improvement.
617
472
(R eport fo r the year ending Dec. 31, 1897.)
478
768
This company, as is known, issues no pamphlet report, but
the following facts from the statement made to the stock­
American M alting.—Stocks on Unlisted.—The common
holders at >the annual meeting-are given on the authority
($13,750,000) and preferred stock ($12,300.000) were placed
o f the “ Philadelphia Financial News:”




THE CHRONICLE.

Ma y 7, 1898. J

this week in the unlisted department of the New York Stock
Exchange.—Y. 65, p. 1218.
American Bell Telephone.—Output.—The number o f tele­
phones put in us^ by the company’s licensees in April and
since Dec. 20 is as below:
1 89 8 .
A p r il—
■Gross o u t p u t ..................... .. . 2 9 ,2 6 4
R e tu r n e d 7.......................... .. . . 1 3 ,1 3 9
N e t o u t p u t ................. ........ . . . 1 6,1 25
S in ce D ee 2 0 —
...1 0 9 ,9 2 1
G r o ss o u t p u t ............
. . . 5 1 ,6 9 7
R e t u r n e d ......................
N e t o u t p u t ......................... . . . 5 8 ,2 2 4

1 89 7 .
2 0 ,4 2 6
7 ,2 4 5
1 3,1 81

1 89 6 .
2 1 ,5 2 5
6 ,3 3 0
1 5 ,1 9 5

1895.
1 8 ,7 9 4
6 ,2 5 3
1 2 ,5 4 1

8^9

“ T h ere a re n o w o u ts ta n d in g b o n d s a g a in s t th e b r id g e s tr u c tu r e a n d
a p p ro a ch e s a m o u n tin g t o th e su m o f $ 1 7 ,7 6 8 ,^ 6 6 , th è an n u al in te r e s t
o n w h ich is $ 9 2 1 ,5 9 1 , so th a t th e t o ta l su m o h a rg e a b le a g a in s t th e
c it y fo r m a in ta in in g th e b rid g e , i f th is c o n tr a c t co n tin u e s , a m o u n ts t o
$ 1 ,5 0 ,6^ 6 a y e a r.
“ It is n o t e x p e c te d t h a t th e c o r p o r a t io n s in tru d in g u p o n t h e b rid g e
s tr u ctu re sh o u ld p a y th e e n tire c o s t o f its ■> a in te n a n e e , b u t it is r e a ­
s o n a b le th a t th e y s h o u ld b e re q u ire d to p a y a su m la r g e e n o u g h t o
p r o t e c t th e c i t y a g a in s t a d im in u tio n o f its in co m e , p a r t ic u la r ly w h en
it is a p p a r e n t th a t s u ch c o r p o r a t io n s m a y d o so w ith p r o fit .” — V. 66,
p, 519, 760, 856 , 709 ,

Buffalo & Lockport Street Ry.—Incorporate i.—This com ­
pany has been incorporated at Albany, with authorized
capital stock of $1,000,000, to operatea street surf ace railroad
from Buffalo to Lockport. The directors are Burt Van
7 2 4 ,5 9 2
8 1 9 ,4 2 3
6 0 7 ,4 3 8 Horn, H. J. Pierce, R. L. Fryer and G. H. Dunbar of Buf­
T o t a l o u t s ta n d in g .., ...9 7 7 ,3 4 5
— V . 6 6 . p. 6 62 .
falo ; J. A. Merritt, S. Curt Lewis and E. M. Ashley of LockAmerican Thread Co.—English Sewing Co.— Organiza port and F. A. Dudley and W Caryl Ely of Niagara Falls.
tion.—The formation of the American Thread Co. has already Mr. Ely is President and Mr. Van Horn Secretary, Treasurer
been noted, but its relation to the English Sewing Co., the and General Manager of the Buffalo k Niagara Falls Elec­
new English company, has not heretofore appeared. Peter tric Ry., and Messrs. Ashley and Lewis are directors of the
Lowe, one of the incorporators of the American Thread Co., Lock City Electric Ry. o f Lockport.
was this week quoted as saying :
Buffalo Rochester & Pittsburg. - Quarterly.—Earnings for
T h e A m e r ic a n T h r e a d Co. is c a p ita liz e d a t S 1 2 .0 0 0 .0 0 0 , o f w h ic h
$ 6 ,0 0 >,000 is in c o m m o n a n d $ 6 ,0 0 0 ,0 0 0 in p r e fe r r e d s to c k . I t w ill the quarter and the 9 months ending March 31 have been:
7 3 ,7 3 5
2 8 ,1 7 6
4 5 ,5 5 9

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

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

a ls o h a v e a b o n d e d in d eb ted n ess o f $ 6 ,0 0 0 ,0 0 0 m o r e , w h ic h w ill b e In
4 p e r ce n t b o n d s, m a k in g a t o ta l c a p ita liz a t io n o f $ 1 8 ,0 0 0 ,0 0 0 .
T h e n e w c o m p a n y w a s fo r m e d t o b u y u p th e s to c k o f th e fo llo w in g
-c o m p a n ie s : T h e W iilim a n tio T h rea d C o., th e M errio C o ., th e H a d le y
C o ., th e C ase T h re a d C o., t h e W illia m C la rk T h re a d C o ., t h e Kars t o w
T h re a d C o., th e G la s g o w T h r e a d C o., th e G la s g o w Y a r n M ills, the
N ew E n g la n d T h rea d C o , th e R u d d y T h re a d C o., th e N a tio n a l T h re a d
■Co. a n d th e W arren T h rea d Co. T h e sh a res a re t o b e a t a p a r v a lu e o f
$ 5 ea ch , as In E n gla n d ¿£1 sh a res in c o m p a n ie s a re th e m o st p o p u la r.
T h e E n glish S e w in g C o fo rm e d la st fa ll w ill ta k e 6 0 p e r c e n t o f th e
.co m m o n s to c k o f th e A m e r ic a n Thread C o. a n d th u s c o n tr o l it. T h e
n e w c o m b in a tio n w ill m a n u fa ctu re c o t t o n , lin e n , s ilk , w o o l a n d o th e r
th r e a d s . T h e p re fe rr e d s t o c k o f th e c o m b in a tio n w i l l p a y an in te re s t
o f 6 p e r c e n t a n d th e co m m o n s to c k w h a te v e r i t m a y earn .
T h e C oa tes T h rea d C o., w h ic h b ou g h t up t h e C la rk M ile E n d , th e
O la r k O. N. T. a n d o th e r th re a d c o m p a n ie s, h a s b e e n co m p e tin g v e r «
k e e u ly in th e E n glish m a rk et, b u t h e r e a fte r th e c o m b in a tio n s w ill
•make a rra n g e m e n ts b y w h ic h a ll c a n ru n o n a p a y in g b a s is .— V. 6 6 ,
p . 519.

Arkansas Louisiana & Southern R R .-M in d e n R R .—R e­
organized.—The Minden RR. has been reorganized as the
Arkansas Louisiana & Southern Railroad.
Baltim ore <&Ohio R R.— Default. —The coupons due May
1 were treated as follow s:

D e fa u lte d —
In te rest.
M a in lin e s te r lin g lo a n f o r $ 2 ,0 0 0 ,0 0 0 (first d e f a u l t ) ................ $ 2 9 2 ,0 2 1
N e w a rk S u n erset & S tr a itsv ille R R . 1 st M . 5 s, $ 8 0 0 ,0 0 0

(fifth default) ..............

20,000

B a lt im o r e B elt R R . Lst M. 5 s, $ '*,0 0 0 ,0 0 0 (s e c o n d d e f a u l t ) . .. 1 5 0 ,0 0 0
A k r o n & C h ica g o J u n c tio n R R . l s t M. 5s fo r $ 1 ,5 0 0 ,0 0 0
(fo u r t h d e fa u lt, b a t c o u p o n s p u rc h a s e d b y V e rm ily e & C o.)
3 7 ,5 0 0
P a id —
B . <fe O. e q u ip m e n t b o n d s , series B , 5s, $ 6 0 0 ,0 0 0 ...........................
1 5 ,0 0 0
3 ,0 0 0
C o n flu e n c e <te O a k la n d l s t M. 5s f o r $ 1 2 0 ,0 0 0 .............................
B a ltim o r e & N ew Y o r k l s t M . 5 s, $ 3 5 o ,0 0 0 ............ ................. .
8 ,7 5 0
— V. 6 6 , p. 7 5 9 .
>18
AM

B altim ore & W ashington Transit Co.—New Mortgage.—
This company, which is now operating an electric railroad
from Takoma to Sligo, has made a mortgage for $50 ),000 to
the Guardian Security Trust & Deposit Co. of Baltimore,
Md., as trustee. The Transit Company proposes to extend
the road to Sandy Spring, Md.
B ell Telephone Co. o f P hiladelph ia—%2,000,000 New
Stock.—The stockholders w ill vote June 22 on the question
of increasing the capitalization from $2,000,000 to $4,000,000.
Boston & Maine.—Quarterly.—Etrnings for the quarter
and the 9 months eudiag March 81 have been reported :
3 m os. en d .
M a rc h 3 l —

G ross
N et
e a rn in g s , ea rn in g s ,

O ther
in c o m e,

I n te rest,
ta xes, etc.

B a la n ce,
s u r .o r d e f.

1 8 9 S ................. 4 ,2 9 9 ,0 8 6 1 , 1 0 , 3 1 3
1 8 9 7 ................. 4 ,2 3 8 ,7 7 4 1 ,2 6 4 ,9 9 4
9 m o s.—
1 8 9 7 -8 ............. 1 4 ,9 5 5 ,0 2 8 4 ,5 7 1 ,7 7 7
1 8 9 6 -7 .............1 4 ,6 5 2 ,0 1 6 4 ,5 0 4 ,5 6 4
- V . 6 6 , p. 6 1 6 .

1 2 3 ? 0 i0
1 1 3 ,9 4 1

1 ,3 5 4 ,5 5 3 d e f. 119,14:0
1 ,3 3 8 ,1 2 3 sur. 4 0 ,8 1 2

4 2 2 ,5 7 2
4 0 2 ,2 6 6

4 ,0 6 1 ,8 5 1 su r. 9 3 2 ,4 9 9
3 ,9 5 2 ,3 3 6 sur. 9 5 4 ,4 9 4

B rooklyn Rapid T ransit.—Nassau E lectric R R .—B rook ­
lyn Elevated RR.—Kings County Elevated RR.— Use o f
Brooklyn. Bridge.—Loss to City Through Surface Gars.—
Commissioner Shea, of the Department of Bridges, Thursday
made a report to the Mayor showing that since the advent of
the trolley cars to the bridge the city has been losing at the
rate of $588,064 a year. Mr. Shea proposes in a few days to
have a conference with the officers of the trolley and elevated
railroads in order to reach, if possible, some compromise by
which the city shall receive a larger return for the privileges
granted. He believes the courts, if asked by the city,
would annul the contracts on the ground that the rights of
the city were not properly protected.
In his report the Commissioner says:
R e c e ip ts fr o m B rid g e R a b r o a d in th e y e a r 1 8 9 7 . . . . . . . . . . . . $ 1 , 1 5 0 , 0 6 4
R e c e ip ts irotn c a r r ia g e w a y iu th e y e a r 1 8 9 7 .. ..........................
9 0 ,7 9 7
T o ta l in c o m e in 1 8 9 7 ......... ........... — ................ ....................$ 1 ,2 4 0 ,8 6 1
•Present a n n u a l in c o m e e s tim a te d as b e lo w . ............................
6 5 2 ,7 9 7
L oss.
.............................................................. .
$ 5 8 8 ,0 6 1
“ T h e e x is tin g c o n t r a c t is d a te d A u g . 2 3 . 189 7 , u n d e r w h ic h it is
•estim ated th e city w ill r e c e iv e in c o m e as f o l l o w s : .
S u r fa c e o a r s - 3 ,2 0 0 e a ch d a y a t 5 ce n ts , $ 1 6 0 , e q u a l p e r
y e a r to ...............
..................... .
.. ... .. ... . . ... ... .
$ 5 8 ,4 0 0
E le v a te d o a rs —1 ,6 0 0 e a ch d a y , a t 1 2 1a ce n ts , $ 2 0 0 , e q u a l
p e r y e a r t o , . . ...... ......................... ............ .............. . . . ' ......................
7 3 ,0 0 0
T o t a l es tim a te d re c e ip ts fr o m s u rfa ce an d e le v a t e d c a r s
o n p r e s e u t b a s is ........................................................................... $ 1 3 1 ,4 0 0
P r o b a b le r e c e ip ts fro m B rid ge R a ilro a d p .-r y e a r ....................
3 2 9 ,4 0 0
R e n ts o f r e a l es ta te a n d w ir e s ............................................. ............
1 0 7 ,2 0 0
E s tim a te d r e c e ip t s fr o m m a d w a y . . . . . . . . . . .
.................
8 4 ,7 9 7
£<m i4juoc a £1-1 — ..L&IWMVv) JVO 85sbC4'.i- • ¡i l l il l i l R JIUaiV M ttA —1

&eojSltetid:!fttwba!ble i&d8ifie in 1898., La«*:* ¿¿ ik*..:.




^$652,797

3 m os. en d in g
G ross
N et
M arch 31.
e a r n in g s e a r n in g s .
1 8 9 8 ................... $ 8 3 5 ,1 0 7 $ 2 8 4 ,7 4 3
7 3 5 ,6 9 5
2 3 9 ,6 8 7
1 8 9 7 ..................
9 m on th s.
1 89 7 8 ............... $ 2 ,7 2 0 ,2 1 3 $ 9 6 3 ,1 8 4
1 8 9 6 - 7 ............... 2 ,5 0 5 ,6 7 8
8 1 3 ,9 1 3
— V. 6 6 , p . 7 5 9 .

O ther
in c o m e.
$ 2 ,7 0 1
3 ,3 6 4

I n te rest,
taxes, etc.
$ 2 3 8 .0 9 8
2 1 6 ,3 6 4

B a la n c e ,
S u r p lu s,
$ 4 9 ,3 4 8
2 6 ,6 8 7

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

$755 849
6 4 9 ,6 0 4

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

Cape Fear & Yadkin V alley R R .—Hoad to be Sold as a
Whole—At Baltimore, on Tuesday, in the United States Cir­
cuit Court of Appeals, Judge Goff sustained Judge Simonton’s decision decreeing that the road should be sold as an
entirety, and the proceeds distributed according to a settled
percentage. The upset price is $2,000,000. This decision
favors the Baltimore committee representing the series B
and C bonds. The New York committee asked for a sale of
the road by divisions. The plan of the Baltimore committee
contemplates the acquisition of the entire road by the Sea­
board Air Line, while the plan of the New York committee
proposed the sale of the portion of the road covered by the
“ A ” bonds, if not the entire line, to the Southern Railway.
—V. 65, p. 1023.
Capital City W a 'er Company o f Montgomery, Ala.— E x­
change o f Securities.— Sperry, Jones & Co. of Baltimore, Md«,
m^ke the following announcement:
T h e c it y o f M o n tg o m e ry h a v in g p u rch a se d t h ro u g h u s th e p r o p e r t y
o f th e a b o v e o o m p a n y , h o ld e rs o f its b o n d s w b o d e sire to e x c h a n g e
th em f o r th e b o n d s o f th e c it y o f M o n tg o m e ry m a y d o so u p o n a p p lic a ­
t io n to us p r io r t o M ay 1 5 , o n w h ic h d a y th e p r iv ile g e w ill b e w ith ­
d ra w n .— V. 6 6 , p . 7 0 8 .

Central Ohio RR.— Meeting—Stockholders’ Committee.—
A t the annual meeting recently the old officers were re­
elected and the following stockholders’ committee was ap­
pointed:' D. C. List, Wm. A. Fisher, A. B Crane, George
C. Jenkins and James Sloan, Jr. This committee is author­
ized to ascertain the just value of the capital stock and
debts due to the company, subject to the operation of the
leased lines, and thereupon to negotiate concerning the
future business relations of the Central Ohio RR, with the
Baltimore & Ohio when reorganized, and in their discretion to
ascertain whether it is to the interest of the Central Ohio to
establish business relations with any other corporation or
persons, and, if so, upon what terms. No action, however,
of the committtee or its depository (if deposits shall be called
for) shall be binding on the stockholders unless accepted
and ratified by a majority of all the stock of the company at
a general meeting to be called.—V. 66, p. 470.
Central Vermont R R .— Transfer Bill Passed.—The bill for
the confirmation of the transfer to the American Loan <$j
Trust Co,, as mortgage trustee, of the railroad company’s in­
terest as lessee in the New London Northern RR. was
amended in the House at Boston so that the transfer should
first be confirmed by the Railroad Commissioners of Massa­
chusetts, and was then adopted by the House 71 to 4. The bill
was then passed to be engrossed. The American Loan Sa
Trust Co. is trustee of the consolidated mortgage of 1893,
now being foreclosed, and this bill aims to confirm its lien on
the lease of the New London Northern, so that possession
of the same will pass to the purchasers at foreclosure sale.
Bondholders' Circular.—The Baker committee has issued a
circular to the holders of consol. RR. of Vermont 5s saving:
T h e fo r e c lo s u r e o f th e s e c o n d m o r t g a g e , a ste p esse n tia l t o th e r e o r ­
g a n iz a tio n , is b e in g re s iste d b y th e C en tra l V e rm o n t R R. C o. u n d e r
th e c o n tr o l o f its o ld m a n a g e m e n t. O n ly te c h n ic a l o b je c tio n s , r e la t ­
in g t o th e fo r m o f p r o c e d u r e , h a v e b e e n ra ise d , a n d w ith th e se o u t o f
th e w a y —as t h e y m u s t b e s o o n —th e b o n d h o ld e rs w ill be e n title d t o a
sa le o f t h e p r o p e r t y f o llo w e d b y a re o r g a n iz a tio n in a c c o r d a n c e w ith
th é a gre e m e n t. M ea n w h ile, as has a lre a d y b e e n a n n o u n ce d , p r o v is io n
f o r th e p a y m e n t o f th e in te re s t o n the n e w b o n d s h a s b e e n m a d e f o r
th e c u r r e n t y e a r.
T h e r e p o r t o f th e r e c e iv e r s o f e a rn in g s, o p e r a tin g e x p e n s e s and
fix e d ch a r g e s fr o m th e tim e o f th e ir a p p o in tm e n t, M a rch 2 0 , 189 6 , to
Dec. 3 1 ,1 8 9 7 , s h o w s n e t ea rn in g s o f $ 6 1 5 ,3 5 6 , a fte r p a y m e n t o f o p ­
e r a tin g e x p e n s e s , t a x e s a n d re n ta ls, a n d a fte r c h a r g in g t o o p e r a t in g
e x p e n s e re p a irs o r im p r o v e m e n ts a m o u n tin g t o $ 2 9 4 ,9 7 9 , m a in ly f o r
n e w ca rs , b rid g e s , a n d ra il, 7 5 p e r c e n t o f w h ic h h a v e b e e n u p o n th e
m a in lin e c o v e r e d b y y o u r m o rtg a g e . T h e n e t e a rn in g s, in r o u n d
n u m b e rs $ 6 0 0 ,0 0 0 , h a v e b e e n e x p e n d e d in th e p a y m e n t o f p r e f e r ­
e n c e cla im s , e tc., as fo llo w s : $ 1 7 5 ,0 0 0 J u ly 1, 189 6 , to th e first m o r t ­
g a g e b o n d h o ld e rs , a b o u t $ 1 0 0 ,0 0 0 to t h e tru ste e f o r th e e q u ip m e n t
b o n d h o ld e rs , a b o u t $ 2 5 ,0 0 0 to th e c o lla te r a l n o te h o ld e r s a n d a b o u t
$ 3 0 0 ,0 0 0 to p r e fe r e n c e cla im s fo r la b o r , m a te ria l an d s u p p lie s.
N o r e c e iv e r s ’ c e r tifica te s h a v e b e e n issu e d , a n d th e re is n o r e c e iv e r ­
sh ip d e b t e x c e p t f o r c u r r e n t su p p lie s a n d e q u ip m e n t; a n d th is is in ­
co n s id e ra b le . T h e d e la y in th e .<f o r e c lo s u r e p ro ce e d in g s , a n d c o n s e ­

quentlyjefJtaqrgmganimtim/d»^iiwii!4héi^0^ j^bpa^zftTyour, in­
terests. —V . 6 6 , p . 8 10 .

-e

,,

,

V

900

THE CHRONICLE.

vvL. L X V L

Chicago & Milwaukee Electric Ry.— Bluff City Elec­ the St. Louis & San Francisco, but dropped out of that sys­
tric Street Ry.—New Company In Possession.—The Bluff tem when the latter was reorganized.— V. 65, p. 925.

City Electric Street Ry. has been sold to a new corporation,
the Chicago & Milwaukee Electric Railway Co., which pro­
poses to complete the construction and equipment of the
road. The directors of the new company a r e : George A.
Ball, A. C. Frost, George M. Seward, F. S. Reeyes and C. E.
Loss. Mr. Ball is President, Mr. Frost Vice President and
Treasurer, and Mr. Seward, Secretary. The new company
has a capital stock of $1,000,000, and it will execute a mort­
gage securing an issue of $1,000,000 bonds. It is estimated
that it will cost $750,000 to complete the road, which will
then be 31 miles long. Work is in progress between Wauke­
gan and Highland Park, and 4-4 mile# are in operation be
tween Waukegan and North Chicago, and 4 miles between
Highland Park and Fort Sheridan. The stretch between
Highland Park and Waukegan will, it is expected, be com­
pleted in about 60 days, while the plans contemplate that the
line shall be completed to Evanston by October 1.—Chicago
Economist.”
Chicago Rock Island !!& Pacific Ry.— Bonds Listed.—The
extension and collateral bonds, $40,712,000, which have been
called in, and the debenture bonds surrendered for ex­
change, say $2,500,000, authorize the issue of $45,150,000
general gold bond mortgage 4s. The New York Stock Ex­
change has accordingly listed an additional $6,494,000 o f the
general mortgage 4s, making total amount listed to date
$31.494.0<10, and has authorized the listing of further amounts
upon official notice that they have been issued in exchange
for or in payment of “ existing bonds,” making total amount
to be listed not to exceed $45,000,000.—Y. 66, p. 810.
Cincinnati New Orleans & Texas P acific.—Cincinnati
Southern Ry.— To Vote On Lease.—Both Houses of the Ohio
Legislature have passed the bill to allow the people of Cin­
cinnati to vote on a proposition to extend the lease of the
Cincinnati Southern, now operated by the Cincinnati
New Orleans & Texas Pacific under a lease expiring in 1906,
and to authorize an issue of $2,500,000 of bonds to pay for im ­
provement of terminals.—Y. 66, p, 5 i 3.
Citizens’ Street Ry. o f Indianapolis—Circular as to Elec­
tion.—Referring to the circular cited last week, directors W.
W. Kurtz, William Jay Turner and R. H. Rushton issued a
statement withdrawing their names from the list of candi­
dates for re-election, but later at the request of influential
interests, consented to serve.—V. 66, p. 856.

Kings County Elevated Ry. Co.—Quarterly,—Earnings for
the quarter and the 6 months ending Dec. 31,1897, have been.
3 m os. e n d in g
N et
O ther
G ross
Dee. 31.
ea rn in g s . e a rn in g s . in c o m e.
$5,215
1897............... $200,157
$2,753
1896............... 196,407
4,142
58,139
6 m on th s.
1 8 9 7 ............
$21,967
$6,^91
1896............... 347,538
85,570
8,244

$57,573
96,285

$153,733
192,077

B a t a n ce,
d eficit.

$49,605
34,004

$125,075
98,263

Loans and bills payable, $217,500, the same as on Sept. 30.
—V. 66, p. 709.
Kings County T raction .—Attorney-Central to Intervene
for Protection o f Minority Stockholders.—The petition of the
minority stockholders, asking that the Attorney-General o f
the State intervene in the matter of the dissolution of th e
Kings County Traction Company, we understand has been
granted. In furtherance of the plan to consolidate all the
companies controlled bv the Nassau Electric of Brooklyn, the
majority interest in the Kings County Traction accepted
47 for their stock. The minority interest went to Albany
and asked for the appointment of a receiver in order to bring
about an “ equitable” dissolution of the company and for the
protection of all the stockholders,—Y. 66, p. 760.
K nickerbocker Ice C o — Mortgage fo r $2,500,000.—This
Chicago company, which has recently absorbed by consoli­
dation twelve other concerns, has made a mortgage for $2, 500,000 to the Chicago Title & Trust Co. and Charles F .
Griffin as trustees to secure 5 per cent 30-year gold bonds.
John S. Field is President and John H. Williams Secretary
o f the Knickerbocker Company.
Lewiston Brunswick & Bath E lectric R R .—Lewiston A
A uburn R R.—Hew Company.—The stockholders of the Lew­
iston & Auburn Horse RR. Co. have voted to sell their road to
the Brunswick Electric RR. Co. The latter is a new com­
pany, and it is understood will assume the name of the
Lewiston Brunswick & Bath Electric RR. Co. M. J. Googan
and Hon. W. H. Newell, of Lewiston, have been elected di­
rectors. The new company will have its headquarters at
Lewiston Me.— Y. 65, p. 327.
Los Angeles R ailw ay.—New Securities.—It is proposed to
increase the bonded indebtedness in order to take up out­
standing obligations, and as a preliminary step the capital
stock will be increased so as to comply with the State law.—
Y. 63, p. 1010.
Manchester (N. H.) Street R y.— Change o f Control.—A
Boston syndicate, headed by Tucker, Anthony & Co., has
purchased the Manchester (N. H.) Street Railway, which is
capitalized for $150,000 stock and $250,0(0 bonds. Messrs.
Tucker, Anthony & Co. also own the Manchester Electric Co.,
which furnishes electric power to the street railway com­
pany, but according to reports it is not intended to consoli­
date the companies.—V. 60, p. 259.
M etropolitan Street Railw ay.— Quarterly.—Earnings for
the quarter and the 9 months ending March 31 have been:

Columbus H ock ing’V alley & Toledo Ry.— Foreclosure.—
Judge Lurton, in the United States Circuit Court, at
Columbus, O., on April 28 entered a foreclosure decree under
the $3,000,000 consolidated 5 per cent mortgage of 1881. The
Court also recognized the priority of lien of the consolidated
mortgage over the $2,000,000 general 6 per cent loan of 1884
as to both railroad and coal property. Under the cross bill
filed in the suit this latter mortgage is included in the decree
of sale.
Car Trust Series “ A ” Called.—Thirty-five Car Trust Series
os. en d .
G ross
N et
O ther
“ A ” bonds have been drawn by lot for redemption at par 3 m
M ar. 31. ea rn in g s .
ea rn in g s .
in co m e.
and accrued interest on July 1, 1898, at the Atlantic Trust 1898....... $2,423,255 $1,088,^02 $147,950
952,057
117,990
Company, No. 39 William Street, New York.—V. 66, p. 471. 1897........ 2,092,462
Erie Telegraph & Telephone Co.—New President.— Levi
Sprague has resigned as President on account o f advancing
years, and has been succeeded by Charles J. Glidden, hereto­
fore Vice- President. Mr. Sprague will continue as a member
of the board of directors.—V. 66, p. 384.

In te rest,
ta ie s , etc.

In te rest,
ta x es, etc.

$812,293
784,060

B a la n ce,
su rp lu s.

$42S,958
285,987

9 m o s.—
1897-8....$7,024,655 $3,266,581 $463,254 $2,385,102 $1,344,733
1896-7.... 6,502,327
2,951,644
382,162
2,362,834
970,972
—V. 66, p. 709.

M etropolitan Street Ry.—Second Avenue RR., New York
City—New Mortgage fo r $7,000,000.—The Second Avenue
RR. Co. has made a Consolidated mortgage for $7,000,000 td
Fitchburg Railroad.—Quarterly,—Earnings for the quar­ secure 5 per cent gold bonds due Feb. 1, 1948. Of the auth­
ter and the 9 months ending Marcn 31 have been reported:
orized issue $1,960,000 is reserved to retire the follow ing
8 m os. en d .
G ross
N et
O ther
' In te rest,
securities of earlier d a te : First mortgage bonds of 1885;t
JUarch SX—
e a r n in g 8.
ea r n in g s ,
in c o m e.
taxes, etc.
B a la n ce. $1,600,000’; debenture bonds of 1889,16300,000; real estate
1898............$1,640,906
$441,734 $14,698
$393,010
$63,422 bonds, $60,000.
1897............. 1,518.318
423,088
15,186
389,718
48,556
$ m on th s—
■4
The remainder of the new loan is to be executed from time
1 8 9 7 - 8 . $ 5 , 5 7 6 , 3 5 2 $1,808,038 $46,159 $1,165,577 $688,620 to time upon written application of the railroad company,
L
732,990 46,758
1,732,990
1896-7-)......... 5,250,840
1,145/795
633,953 expressed through a certified copy o f a resolution of its board’
Loans and bills payable $50,000, against $325,000 on Dec. 81 of directors, stating what amount o f bonds is required a t ;
and $500,000 on June 80. Dividends on preferred (4 p. c. per each time and is to be used “ for the purpose of building,
annum) are paid semi-annually, calling for about $151,000 finishing and operating said electric lines of railroad, and o£ j
quarterly.—V. 66, p. 884.
providing equipment therefor, and for other lawful corporate
Galveston Laporte & Houston Ry.—Not Sold.—The road purposes.” Both principal and interest of the bonds must be
was offered for sale at auction on Tuesday, but there was only paid in gold coin of the present standard o f weight and fine;
oxie bid, $350,000. The upset price being $500,000, the sale ness, without deduction for any tax which the railroad coni-'
waft adjourned from day to day until the Court could be con­ pany may be required^ to pay or retain therefrom. A large
sulted. > The bidder was George C. Holt of Woodstock, Conn., block of the bonds, it is understood, has already been sold.
who declined to state for whom he was acting.—V , 66, p. 708.
JNew Stock Issue.—A Philadelphia paper quotes a director
General E lectric Ry.—Franchise Upheld.—The Illinois Su­ o f the Metropolitan Street Railway as saying: “ The retire­
preme Court has upheld the company’s franchise, which has ment o f the outstanding scrip by issuing new stock w ill not
been in litigation for two years past. The Court based its de­ be undertaken much before October. Whether it is done
cision on the fraud practiced on the courts in the bringing of then or not will depend upon conditions internal and upon
actions in the name of the State in the interest of rivals, but the general external conditions. The matter has not been of­
friends of the company say the franchise cannot again be at­ ficially considered by the board yet. The new stock will be
offered by subscription to stockholders at par. The scrip, of
tacked.—V. 66, p. 854, 858.
which there was $6,000,000 distributed to the stockholders in
Homestead A Highlands—M cKeesport Buquesne A W il- October, 1897, does not begin to bear interest until October 15
m erding Street R y.—Consolidation.—The merging of the next, so there is no need for haste in retiring the same.”
Homestead & Highlands Street Railway Co. with the several
Compressed A ir.—The company is reported to have made
other connecting lines it is expected will be accomplished a contract with the American A ir Power Co. for the equip­
about June 1st. T. Mellon & Sons, of Pittsburg, have the ment of 20 cars of the 28th and 29th Street lines with the
matter in charge.—Y . 65, p. 328.
Hoadley Knight A ir Motor, and a contract with the E. P.
Kansas Midlaud Ry.—Sale Ordered.—This property has Allis Co. for a 1,000 h. p. compressor to be installed in a
been ordered sold under foreclosure at Wichita, Kan. The power-house which will be built on the company’s property
upset.pjsioe i&^qOOJJUiii'i.TJaie &&&<asaa.fdrmexly operated by ip .West 23d 8tiee©.«*iV. 66, p, 7X)9y<1*1*6. oil,. ,*jeJi*uu
ptuem'wowmi *rrd ,oO .yii ynr jr rioidw w>* baofl fiailoiaO iftr' P edJ c • r O 8 .aebraaO




M

ay

7 , 1 8 6 8 .]

THE CHRONICLE.

M exican Central Railw ay.—E lection—AX tlie annual
meeting May 4, the following were elected directors:
C h a rles A . B r o w n e , o f B o s t o n ; I s a a c T . B u rr, o f B o s t o n ; J u s tin o
F e r n a n d e z , o f M e x i c o ; L e v i Z. L e ite r, o f C h ic a g o ; P a b lo M a rtin ez D e l
B io , o f M e x i c o ; J a m e s C. M e lv in , o f B o s t o n ; E . R o llin s M o rse, o f B o s ­
t o n ; H ira m B . N ick e rs o n , o f M e x i c o ; R ic h a rd O ln e y , o f B o s t o n ;
C h a rles J . P a in e, o f B o s t o n ; C h a rles E . P e rk in s, o f B u r lin g to n , l a . ;
A lb e r t A . R o b in s o n , o f T o p e k a , K a n .; W illia m B o tc h , o f B o s t o n ; A ld e n
S p ea re, o f B o s t o n ; R o b e r t R . S ym on , o f L o n d o n , E n g .; J o s e p h H .
W hite, o f B o s t o n ; G e o r g e B . W ilb u r , o f B o sto n .

The hoard o f directors elected the following officers :
A . A . R o b in s o n , P r e s id e n t ; R o b t. R . S y m o n , V ic e -P r e s id e n t; E . R o l­
lin s M orse, V ic e -P r e s id e n t a n d C h a irm a n F in a n ce C o m m it te e ; J . T.
H a rm e r, C le rk a n d C o m p t r o lle r ; C. A . B ro w n e , T re a s u re r a n d T ra n s­
f e r A g e n t ; H . R . N ick e rs o n , G e n e ra l M a n a g e r ; W . A . F r o s t, A u d i t o r ;
J a y A . H e n d r y , A s s is ta n t T rea su rer.

The annual report appears on pages 898 and 902 of to-day’s
C hronicle .—Y . 66, p. 424.

Mexican Industrial Railway.—Progress o f Construction.—
President S. W. Reynol ds writes to us that his company’s belt
line about the city o f Mexico, connecting all the railways en­
tering the city, is being constructed as rapidly as possible and
should be completed about June first. It will be 9% kilo­
meters in length, or about 6 miles. In addition a line is pro­
jected from a connection with the belt to San Nicholas, a
total distance, including branches, of about 23^ kilometers,
or about 18 miles. No bonds have been issued and none will
be at present.— Y. 62, p. 1177.
M ichigan Telephone Co.—Dividends Discontinued.—Under
date of April 20, 1898, the following notice was mailed by
Secretary H. M. Field to shareholders:
" A t a m e e tin g o f th e b o a r d o f d ir e c to r s it w a s d e cid e d t o d is c o n ­
tin u e th e p a y m e n t o f d iv id e n d s fo r th e p r e s e n t in o r d e r t o h o ld th e
r e s o u rc e s o l th e c o m p a n y t o e n a b le i t t o m e e t t h e u n re m u n e ra tiv e
ra te s o f s p e c u la tiv e c o m p e t it io n , a n d a t th e sa m e tim e to m a in ta in an d
e x t e n d its p la n t. T h e v o lu m e o f b u sin ess o f t h e o o m p a n y s h o w s a
co n tin u o u s in c r e a s e .” —V . 6 5 . d . 6 21 .

Milwaukee Racine & Kenosha E lectric Ry.—New Mort­
gage.—The company has made a new mortgage, increasing
its bonded debt from $300,000 to $375,000
Whether the new
loan is a second mortgage for $75,000 or a consolidated mort­
gage for $375,000 does not appear. The new bonds are 30year 6s, and are to be issued for equipment, extensions, etc.—
V . 63, p. 560,
Missouri Kansas & Texas R y . —Called Bonds.—Forty one first mortgage bonds of the Booneville R R. Bridge Co.
have been drawn for redemption and will be paid on presen­
tation at the office of the Onion Trust Co., interest ceasing
July 1.—V. 66, p. 709.
Mount M orris Bank.—New President.—The board of di­
rectors on April 25 accepted the resignation of Mr. William
H. Payne as President of the bank, and unanimously elected
Mr. Th omas L. Watt President in his place, both to take
effect May 1st, 1899. Mr. Payne resigns so that he can give
proper attention to his many business interests, but will con­
tinue as a member of the board of directors.
National B iscu it.—First Dividend.—This ne w consolidated
company has declared its first dividend on its 23 millions of
preferred sto jk. The dividend is a quarterly one of 1% per
. cent, payable May 31, and is reported to have been more than
earned. Business is improving, but it has been decided not
,.to begin disbursements on the common stock until a consid­
erable cash surplus has been accumulated. —Y. 66, p. 237.
New Central Coal.—Reduction o f Stock.—The stockhold­
ers will vote on June 8 upon a proposition to reduce the
capital stock from $5,000,000 to $1,000,001 and the par value
o f the shares from $100 to $20.—Y. 64, p. 515.
President H. S. Little says in a circular letter :
" i n 2 6 y e a r s th e c o m p a n y h a s m in e d o v e r 6 ,0 0 0 ,0 0 0 t o n s o f co a l.
T h is a n d th e c o m p e t it io n o f o t h e r c o a l H elds h a s m u c h re d u o a d th e
I n t r in s ic v a lu e o f th e o a p ita l s to c k a n d e a r n in g c a p a c ity . T h e b o a r d
o f d ir e c t o r s u n a n im o u s ly re c o m m e n d s th a t t h e c a p ita l s to o k b e
r e d u o e d t o $ 1 ,0 0 0 ,0 0 0 . T h is is a p o l ic y w h ic h h a s a lr e a d y b e e n p u r ­
su e d h y o t h e r c o a l c o m p a n ie s in t h e G e o r g e s C reek re g io n .
“ S in ce 1885 t h e o o m p a n y ha s p a id s e v e n d iv id e n d s o r 1 p e r ce n t
e a ch . I f t h e o a p ita l s to o k is r e d u c e d fo u r -fifth s , o r to $ 1 ,0 0 0 ,‘.<00, th e
s to c k h o ld e r s m ig h t r e a s o n a b ly fe e l su re o f r e g u la r d iv id e n d s , and
t h a t th e c o m p a n y c o u ld p a y a n a n n u a l d iv id e n d o f 4 p e r o e n t, e v e n i f
th e c o a l b u s in e ss c o n tin u e s t o b e as p o o r as it h a s b e e n d u rin g th e
p a s t f e w y e a r s ; a n d i f th e c o a l b u sin ess im p r o v e s , re g u la r d iv id e n d s
o f m o r e th a n 4 p e r c e n t p e r a n n u m .” —V . 6 4 , p . 515 .

New York Susquehanna & Western R R .—Ready to Make
Exchange.—J. P. Morgan & Go. are now prepared to issue
.voting trust certificates for preferred stock and common
stock of the Erie R R. Co. in exchange for receipts of com?non and preferred stock of the New York Susquehanna &
Western on the basis stated in the notice of the Erie Com­
pany dated March 18, 1898.—V. 66, p. 759.
Ohio R iver Sc Charleston R y.—Canada A tlantic R R .—
South Carolina Sc Georgia R R .—Pending Sale, E tc.—The
annual report of the Finance Company o f Pennsylvania says :
‘ ‘The company’s investment in Canada Atlantic 5s has dur4Pg the year been reduced by sales from $502,000 to $214,000,
and preliminary papers have been signed for the sale o f a
portion o f the Ohio River & Charleston R R . for bonds
amounting to $1,092,0 ¡0, in which the company will have
large participation upon final delivery.”
It is reported in Philadelphia that the South Carolina &
Georgia R R. Co. will be the purchaser of the portion o f the
-Ohio River & Charleston here referred to. The officers of
the South Carolina Company, however, are not prepared to
-discuss the matter. The.Ohio River & Charleston runs from
Camden, S C., on the South Carolina Road, for which it
form s unnatural extension, to Marion, N. C., 171]^ miles, con-




901

necting at Marion with the line o f the Southern Railway for
Cincinnati, Louisville, etc. These 171 miles of road, with
the branch o f 10 to Gaffney, S. C., 182 miles in all, are the
portion the sale o f which is pending. The $1,092,000 of
bonds to be issued in payment will cover the line at the
rate of $6,000 per mile.—V. 64, p. 181; Y. 66, p. 706.
Ohio Southern R R .—Priority o f Firsts.— Judge Ritchie,
at Lima, Ohio, on April 23, rendered a decision that the
entire issue o f $3,924,000 first mortgage bonds are a prior lien
upon the entire road, including the extensions, and that the
second mortgage bonds also cover the entire road subject to
the lien of the first mortgage. The second mortgage bond­
holders claimed that $1,800,030 o f the first mortgage issue
were not liens on entire property.—V. 65, p. 727.
Ogdensburg Sc Lake Champlain R R .—Sold.—At the fore *
closure sale, May 2, the road was purchased by the reorganiza­
tion committee, Charles Parsons, Chairman, for $2.500,000.
There were no other bidders. A protest to the sale was filed
by W A. Shepard of Boston, representing the income bond­
holders, who asked a postponement for thirty days, owing to
present depression. Ten per cent of the purchase price was
deposited.—V. 66, p. 574,
Old Dom inion Steamship Co.—Refunding Bonds.—The
stockholders will vote at W ilmington, Del., on May 10, 1898,
on a proposition to "execute bonds o f the company, to be se­
cured by mortgage to provide for retiring outstanding bonds
aud other purposes.” The outstanding bonds are $900,000
general mortgage 6s due March 1, 1899. They are stated to
be secured by over $2,000,000 of property. The company has
paid dividends of 6 per cent per annum since July 1, 1886;
prior to that 10 per cent. Its capital stock is $1,250,000.
Ottumwa E lectric Ry.—Sold.—At the foreclosure sale
April 28, this property, including the electric railway, heat
and power plant, was purchased by the trustees for the bond­
holders for $190,000.
Pasadena & Los Angeles E lectric R y .—Sold.—This prop­
erty was purchased for $150,000 at foreclosure sale April 27
by Don C. Porter, of Pasadena, Cal., representing the reor­
ganization committee. A majority of the bondholders has
accepted the plan.
Petprsburg, Ya., E lectric Ry.—Receiver.— W. P. McRae
has been appointed receiver o f the company.—V. 62, p. 321.
P hiladelphia Reading Sc New England R R .—Deposits—
Penalty.—The time for deposits without penalty expired
April 30. Further deposits will be subject to the penalty
mentioned in our issue of April 23. The reorganization com ­
mittee met Monday, declared the plan in operatioa and in­
structed the attorneys to proceed with foreclosure. The
deposits to May 6 were: $5,795,000 first mortgage bonds out
of $6,250,000, and $2,927,000 Series A and B bonds out of $3,850,000.—V. 66, p. 811.
Pine B lu ff Sc Eastern R R .—Pine B lu ff Arkansas R iv er
Ry .— Reorganized Comp m y .—The Pine Bluff & Eastern has
been reorganized as the Pine Bluff Arkansas River Railway.
Richmond Nicholasville Irvine Sc B eattyville R R .—
L ouisville New Albany Sc Chicago.—Litigation. —The IJ. S.
Supreme Court has granted a writ of certiorari in the case of
the Louisville Trust Co, vs. the Louisv. New Alb. & Chicago
R R., a case growing out of the guaranty of the bonds of
the Beattyville road. In the proceedings to foreclose i ihe
mortgages on the L. N , A. & C. Railway, the Louisville
Trust Company intervened as a creditor and objected to the
foreclosure. The Court, however, overruled its objection and
caused the property to be sold. The committee representing
the bondholders purchased the road and organized an ew
company, which took a deed to the property. ■
The Louisville Trust Company appealed from the foreclosure
proceedings to the U. S. Circuit Court of Appeals at Chicago,
which Court in February last affirmed the decree of sale.
Thereupon application was made to the U. S. Supreme Court
for a writ of certiorari on the ground that the Circuit Court
of Appeals at Chicago had erred in its decision, and asking
the Supreme Court to take cognizance of the case, which ap­
plication they have granted.
An official of the new company makes the following com ­
ment: "The contention o f the plaintiffs is based upon an al­
leged guaranty fraudulently obtained and directly opposed
to the statute o f Indiana. The United States Circuit Court
refused to recognize the alleged obligation as legal. Should
this decision be sustained the claim o f course disappears, i On
the other hand, should the claim be admitted as legal it
would be wiped out by the foreclosure. In either case the
litigation has no practical bearing as regards the property.”
—V. 65, p. 1220, 194.
R ochester R ailw ay Co.—Quarterly.—Earnings for the
quarter and the 9 months ending March 31 have been :
3 mos. en d .
G ross
M a r. 31. e a rn in g s .
1898....... ...$192,614
1897............ 201,283
9 m os.
1897-8........ $597,536
1 8 9 6 -7 ...... 621,127

N et
e a r n in g s .

$72,469
82,223

$241,638
219,862

O ther
ea rn in g s .

$1,861
3,909
$8,079
7.921

In terest,
taxes, etc.

$74,387
74,494

B a la n ce,
su r. o r d et.

def.$54
sur.ll,638

$223,146 ■ur.$26,571
230*431
def. 2.648

Loans and bills payable, $233,024, against $219,682 on Dec.
31.—Y, 66, p. 860.
Z
.,
. L
S ch uylkill Sc Lehigh RR.—-Stfocfc Increase.—The stock -.
holders have voted to increase the capital stock from $50,000
to $60 »,000 to repay advances made by Philadelphia & Read­
ing Ry. Co. fo r improvements.
' W F or oth er Investm ent Item « see « a r e 9 0 6 .

THE CHRONICLE.

902

( V OL» L X v j .

tageous facilities at Tampico for handling coal and coke
and other heavy articles, large quantities o f the same moved
via this port, very much increasing the low-grade tonnageprevious years.
M EX IC A N C E N T R A L R A ILW A Y C O M P A N Y , over
The earnings on European freight (included in inter­
national) increased $361.693 81, nearly all o f which waa
LIM ITED .
through the port of Tampico, and exceeded the percentages
allotted to the Company on this class o f business under the
EIGHTEENTH AN N U AL REPORT—FOR THE YEA R Mexican Traffic Association, showing that the position o f
ENDING DECEMBER 31, 1897.
the Mexican Central Tampico route has been well main­
tained.
The earnings from construction freight amounted to $31,Office of the
)
198 63 on material hauled in the latter part of the year for
Mexican Central R ailw a y Co ., L imited , >the Parral Extension.
B oston. April 26,1898. )
In view o f the fact that the year 1892 was the year of
To the Stockholders o f the Mexican Central Railway Com­ largest earnings to that date, and because the conditions
pany\ Limited:
that then prevailed were similar to those of 1897, in that
Y our Directors present the following Report for the year there was a scarcity of food products in Mexico and conse­
ending December 31, 1897.
quently large importations o f corn from the United States,
The operations for 1897 compare with those o f 1896 as fol­ the following comparison o f the commercial freight earn­
lows, viz.:
ings o f the two years may prove interesting :

R ep orts a uà fâ om m m is.

M e x ic a n C u rre n cy .
1897.
1896.
G r o s s e a r n in g s ............. $ 1 2 ,8 4 5 ,8 1 9 48 $ 1 0 ,2 0 8 ,0 0 3 9
O p e r a tin g e x p e n s e s ...
8 ,8 2 9 ,4 7 0 91
6 ,7 4 4 ,2 7 3 19
N e t e a r n in g s .......... $ 4 ,0 1 6 ,3 4 8 5 7

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

In cr ea se.
$ 2 ,6 3 7 ,7 9 9 0 9
2 ,0 8 5 ,1 9 7 7 2
$ 5 5 2 ,6 0 1 37

The Laguna Extension, Lerdo to San Pedro, 39*78 miles in
length, was added to the operating mileage January 1st,
making a total of 1,955*86 miles operated in 1897, compared
with 1,869 60 average operated mileage in 1896, an increase
o f 86*06 miles, or 4*6 per cent.
G R O S S E A R N IN G S .

The increase in gross earnings for the year is made up as
fo llo w s:
O n L o c a l F r e ig h t B u s in e s s ........... ................................................$ 1 ,4 0 2 ,3 9 9 3 4
O n I n t e r n a t io n a l F r e ig h t B u s in e s s ...........................................
9 8 2 ,5 8 1 9 0
O n L o c a l P a s s e n g e r B u s in e s s ............... .................................... .
2 6 6 ,8 6 7 15
O n In t e r n a t io n a l P a s s e n g e r B u s in e s s ................. ...................
5 5 ,8 4 8 29
O n B a g g a g e , E x p r e s s , T e le g -a p h a n d M is ce lla n e o u s B u s ­
i n e s s . . . . , ........ ..................... . . . . . ....................................................
9 9 ,3 4 6 2 5
T o t a l C o m m e r c ia l.......................... ............................. .............. $ 2 ,8 0 7 0 4 2 9 3
L E S S : D e c r e a s e in F re ig h t o n C o n s tr u c tio n M a t e r i a l . ...
1 6 9 ,2 4 3 s 4
A n e t in c r e a s e , M e x ic a n C u rre n cy , o f ......................................$ 2 ,6 3 7 ,7 9 9 09

being 25*84 per cent, or, exclusive of freight on construction
material, 28*05 per cent.
DETAILS OF GROSS EARNINGS.

C la ssifica tion .
F r e ig h t .................
P a s s e n g e r ...............
E x t r a B a g g a g e . .. .
E x p r e s s ...................
T e le g r a p h .................
M is c e lla n e o u s .........

(M e x ic a n C u rre n cy .)
1897.
1896.
$ 9 ,8 6 1 ,9 9 5 3 9
$ 7 ,6 4 6 ,2 5 7
2 ,2 5 7 ,3 2 8 12
1 ,9 3 4 ,6 1 2
3 6 ,7 5 0 9 3
3 2 ,4 4 5
2 8 1 ,5 8 7 9 5
2 6 1 ,0 5 4
5 7 ,4 8 3 6 9
4 2 ,1 7 7
3 5 0 ,6 7 3 3 0
2 9 1 .4 7 2

T o t a l s ................$ 1 2 ,8 4 5 ,8 1 9 4 8

99
78
85
00
26
51

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

$ 1 0 ,2 0 3 ,0 2 0 3 9

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

A ll classes of comm ercial traffic and traffic in both direc­
tions on all parts of the system show substantial and grat­
ifying increases.
The tons one mile o f local freight were 29*96 per cent
more than in 1896, while the earnings increased 29*56 per
cent, showing that the increase resulted without any prac­
tical diminution in rates, although a large part of the addi­
tional tonnage was on low-grade freight.
The tons one mile of international freight were 35*41 per
cent more than in 1896, while the earnings increased 36*36
per cent, showing a small increase in rates. Of the increase
$786,436 58, or 80 per cent, was on business via Tampico.
The importation o f food products, account of shortage in
M exico, referred to in the report for 1896, continued during
the first four months of 1897, and under the same conditions,
offsetting to a considerable extent the increase in rates
brought about by the re-establishment of the Mexican
Traffic Association, December 1, 1896; and, owing to advan­

O n L o c a l T ra ffic, 1 - 9 ? .............................................$ 6 ,1 4 6 ,1 8 3 4 0
.........................
1 8 9 2 ............................................... 3 ,2 8 9 ,8 6 5 29
I n c r e a s e .................................................................... $ 2 ,8 5 6 ,3 1 8 l l , o r 8 6 -8 2 %
O n I m p o r ts , 1 - 9 7 ......... ............................................. $ ',5 5 9 ,6 3 6 9 3
“
“
1 8 9 2 ............................................ 1 ,6 2 8 ,8 6 5 7 3
I n c r e a s e .................................................................................... $ 9 3 0 ,7 7 1 2 0 , o r 5 7*1 4 %
$ 1 .1 2 4 ,9 7 6 43
O n E x p o r t s , 1 8 9 7 .............
«
“
1 8 9 2 ............................................................... $ 8 6 7 ,0 4 1 87
I n c r e a s e .................................................................... $ 2 5 7 ,9 3 v 5 6 , o r 2 9 -7 5 %
T o ta ls , 1 8 9 7 .......................................................................... $ 9 ,8 3 0 ,7 9 6 7 6
“
1 8 » 2 ................
5 ,7 8 5 ,7 7 2 89
I n c r e a s e ............................................................... ..$ 4 ,0 4 5 ,0 2 3 8 7 , o r 69*9 1 %

The local passenger earnings over the whole line in 1897
increased 16*94 per cent and the international 15*79 per cent.
A favorable feature of this business has been an increase o f
23*77 per cent over 1896 in first-class travel. The secondclass travel shows an increase, but as the first class accom ­
modations are improved, this class o f travel changes to firstclass and forms a lesser part of the whole.
Excluding from consideration the freight on construction
material, the percentages of local and international earn­
ings to the entire gross earnings in 1897 and 1896 compareas follows:
1 89 7 .
E a r n in g s o n lo c a l b u s in e s s ....................................................... 68*04
E a r n in g s o n in t e r n a t io n a l b u s in e s s .................................... 3 1 -9 6 •

1896.
6 9 -4 6
3 0 -5 4

The Laguna Extension in the cotton country, the operation
o f which for revenue account was commenced January 1,,
1897, and the Ameca Extension, the operation of which was
commenced November 1, 1896, have both made a very satis­
factory showing for the year, although the Laguna Exten­
sion lost considerably in earnings, owing to interruptions totraffic during the rainy season. These results fully justify
the judgment o f the Directors in authorizing the construc­
tion o f these extensions.
Notwithstanding the large amount o f business through
the port of Tampico and the increase in gross earnings of
$520,951 49 on the Tampico Line in 1897, it showed a loss in>
operation for the year o f $376,991 08, The greater part of
this line in the low country w ill be rock ballasted in 1898,
and heavier rails laid on the mountains, which, with im ­
proved water supply and with the larger train load that can
be hauled with the new engines, is expected to effect an
economy in operation. W hile the line itself showed a loss
for the year, it should be noted that its terminal port of
Tampico was the avenue for a large percentage of the com ­
pany’s international freight traffic, contributing largely to
the earnings of the main line and other branches and is
also the avenue through which the principal part of its coal
and material is received, thereby reducing their cost in the
operation o f the whole road.

COMPARISON OF EARNINGS, 1 8 8 5 TO 1 8 9 7 INCLUSIVE.

(M e x ic a n C u rre n cy .)

T ea rs.

1

1 8 8 6 ........
1 8 8 7 ........
1 8 8 8 .....
1889
1890
1 8 9 1 ..
1892
1893
1894
1 8 9 5 ..
1896
1897

A v. m iles l a c . o v er P r. cen t
op era ted . p r e v y r . o f in e.

.

1 .2 3 5 90
1 .2 3 5 9n0 o n e
none
1 .2 3 5 - 9 0
8 0 -5 0
1 ,3 1 6 4 0
1 4 5 -4 5
1.....................
,4 6 1 -8 5
65*35
3.....................
,5 2 7 -2 0
1 3 7 -9 0
1. .,6
. 6511
1 59 -7 2
1......................
,8 2 4 -8 3
1......................
,8 4 6 -6 4
21-8 1
13-1 9
1......................
,8 5 9 83
none
1. .,8
. 5 9 -8 3
0 9 -7 7
1......................
,8 6 9 -6 0
86 06
1.....................
,9 5 5 -6 6
7 1 9 -7 6

none
non e
06-5 1
1105
0 4 -4 7
09-0 3
0 9 -5 9
0119
00-7 1
non e
00-5 3
0 4 -6 0

G ross
ea rn in g s .
$ 3 ,5 5 9 ,5 6 0
3 ,8 5 7 ,7 0 5
4 ,8 8 6 ,5 7 8
5 ,7 7 4 ,3 3 1
6 ,3 3 7 ,2 2 5
6 ,4 2 5 ,6 9 4
7 ,3 7 4 ,5 3 8
7 ,9 6 3 ,2 5 3
7 ,9 8 1 ,7 6 8
8 ,4 2 6 ,0 2 5
9 ,4 9 5 ,8 6 5
1 0 ,2 0 8 ,0 2 0
1 2 ,8 4 5 ,8 1 9

L es s con stru cV n
m a teria l.
76
85
67
31
38
08
02
69
31
28
68
39
48

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

$ 2 6 .7 4 1
non e
3 0 1 ,3 1 7
4 7 1 .8 3 0
4 7 5 ,4 5 1
3 0 3 ,0 1 9
4 3 1 ,7 9 7
3 9 7 ,3 7 6
none
none
6 8 ,2 5 6
2 0 0 ,4 4 2
3 1 ,1 9 8

07
42
92
53
86
67
40
31
47
63

G ross
C om m ercia l.
$ 3 ,5 3 2 ,8 1 9
3 ,8 5 7 ,7 0 5
4 ,5 8 5 ,2 6 1
5 ,3 0 2 ,5 0 0
5 ,8 6 1 ,7 7 3
6 ,1 2 2 ,6 7 4
6 ,9 4 2 ,7 4 0
7 ,5 6 5 ,8 7 7
7 ,9 8 1 ,7 6 3
8 ,4 2 6 ,0 2 5
9 ,4 2 7 ,6 0 9
1 0 ,0 0 7 ,5 7 7
1 2 ,8 1 4 ,6 2 0

69
85
25
39
85
22
35
29
31
28
37
92
85

$ 2 ,7 0 7 ,4 3 2 28 $ 9 2 ,4 2 8 ,9 5 4 62

I n c r e a s e o v er
p r e v io u s y ea r.
$ 3 2 4 ,8 8 6
7 2 7 ,5 5 5
7 1 7 ,2 3 »
559 273
2 6 0 ,9 0 0
8 2 0 ,0 6 6
6 2 3 ,1 3 6
4 1 5 ,8 9 1
4 4 4 ,2 5 6
1 ,0 0 1 ,5 8 4
5 7 9 ,9 6 8
2 ,8 0 7 ,0 4 2

16
40
14
46
37
13
94
02
97
09
55
93

P r cen t E a rn s, p e r I n c . o v er
o f in e . m ile op er. p r e v . y r.
0918*86
15-6 4
10041 3 -3 9
08-9 8
050 5 -5 7
11- 89
0615
2 8 -0 5

$ 9 ,2 8 1 ,8 0 1 16 2 6 2 -7 3

$ 2 ,8 5 8
3 ,12201
3 ,7 1 0
4 ,0 2 8
4 .055
09
4 .045
09
4 ,1 6 9
4 ,1 4 6
4 ,35202
4 ,5 3 0
5 ,0 6 9
5 ,3 5 2
6 ,5 5 2

50
37
06
03
83
08
54
07
32
53
07
79
53

P e r ce n t o f
in e. o r dec.

87
69
97
20
7 •
46
47
25
21
54
"2
79

I n c.0 9 -2 0
I n c.1 8 -8 6
I n c .0 8 -5 7
D e c .0 0 -4 5
D e c .0 0 -0 2
I n c .0 4 -0 0
D e o .0 0 ‘5 6
I n c.0 4 -2 5
In c .0 4 -8 2
I n c . 11-8 9
In c.0 5 6 0
In c. 22-41

$ 3 ,6 9 4 08

I n c . 129-23

$262
588
317
D l»
D 00
160
D23
176
203
5 38
283
1 ,1 9 9

The statement also - shows that with an increase inIt w ill be noticed from the foregoing statement that the
increase in gross earnings during 1897 is considerably larger operated mileage between 1885 and 1897 of 58*24 per
than for any previous year during the Company’s history. cent, there was an increase in gross commercial earn­
The showing is a most remarkable one, indicating great in­ ings o f 262 73 per cent, or four and one-half times
dustrial activity and development in the Republic o f Mex­ the increase in mileage, and the gross commercial earn­
ico. The total increase in freight earnings in 1897 over ings per mile operated during the same period in­
1896, -exclusive oL^arningsfjon-construction material, being creased fyqn\ d<t$2,8q8 5() to* $6,552 5^?ii/‘.or. 129-23 per
28*05 per cent, w it h ^ h lf^ ’è |^i^fitiindretei?ihiinitBa®eiiH 6©HQt.
70 j->J)
8 T - 8 0 . , <?7 ’7NTB2r oik.-a jqxSEe§aJn90”ia1




M

ay

THE OHEONIOLE.

7.' 1898. j
O P E R A T IN G E X P E N SE S.

The comparison of classified expenses with 1896 follows:
(M e x ic a n C u rren cy .)
1896.
G la s s ific a tio n —
1897.
M a in te n a n ce o f W a y a n d
$
9
8
4 ,7 7 0
S tr u c t u r e s ......... ........... ..$ 1 ,7 3 3 ,7 6 2 6 0
1, ¿ 0 6 ,195
M a in t, o f E q u ip m e n t .... 1 ,6 4 0 ,4 2 1 9 »
T r a n s p o r t a t io n a n d T ra f■._____
ü c E x p e n s e s ......................... 4 .8 0 3 ,8 4 3 71 3 ,9 2 0 ,1 2 2
6 3 3 ,1 8 4
’G e n e r a l E x p e n s e s ..................
6 5 1 ,4 4 2 61
T o t a l s ..............................$ 8 8 2 9 ,4 7 0 91

I n cr ea se,
88
86

$ 7 4 8 ,9 9 1 7 4
4 3 4 ,2 2 6 13

18
29

8 8 3 ,7 2 1 5 3
1 8 ,2 5 8 32

$ 6 ,7 4 4 ,2 7 3 19

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

Of this increase $309,194 30 was caused by higher rates of
•exchange on the United States Currency Material and Ex
penses, and, in order to make a proper comparison with
1896, the expenses should be placed on the same basis of ex­
change as in that year by deducting this amount, which is
done in the following statem ent:
1 8 9 7 E x p 's o n
the sa m e b a sis
O la ssiflea 'ion ,
of
ex ch a n g e
-f M exica n C u r r e n c y .)
a s 1 89 6 .
M a in te n a n ce o f W ay
a n d S tr u ctu re s .. — $ 1 ,6 5 0 ,8 4 3 6 7
M a in t. o f E q u ip m ’t.. 1 ,5 6 6 ,3 0 2 6 5
T r a n s p o r t a t io n a n d
T ra ffic E x p e n s e s ... 4 ,6 8 2 ,3 9 7 4 9
G e n e r a l E x p e n s e s ....
6 2 0 ,7 3 2 8 0

In crea se or
o r D ecrea se.

1896
E xp en ses.
$ 9 8 4 ,7 7 0 8 6
1 ,2 0 6 ,1 9 5 86

I n c . $ 6 6 8 ,0 7 2 81
I n c. 3 6 0 ,1 0 6 7 9

3 ,9 2 0 ,1 2 2 18
6 3 3 ,1 8 4 29

I n c . 7 6 2 ,2 7 5 31
D e o . 1 2 ,4 5 1 4 9

T o t a ls .......................$ 8 ,5 2 0 ,2 7 6 61 $ 6 ,7 4 4 ,2 7 3 19 I n c . $ 1 ,7 7 6 ,0 0 3 42

On this basis the net earnings show an increase of $861,795 67, compared with 1896.
The maintenance o f way expenses were 19-63 per cent of
the total. The increase in this class was from heavier gen­
eral repairs to track and larger tie renewals, the general re­
pairs be ng $271,532 26 more than in 1896, and there were
1,878-91 tons of new 68-pound rail put in the track south of
Tula, replacin 58-pound rail.
The tie renewals were 530,740, costing $573,119 91, compared
with 261,938 in 1896, at a cost of $271,132 85, and increase of
268,802 in the number of ties, and $301,987 05 in the expense,
making a total of ties renewed from 1883 to 1897 inclusive,
of 4,215,810.
During the year 5,927 feet o f wooden trestle bridges were
removed, 3,149 feet being taken out, ditched and the open­
ings filled with earth, 2,223 feet being replaced by cast-iron
culverts and 555 feet replaced by stone culverts or iron
bridges, making a total of 17,545 lineal or track feet of
wooden bridging replaced by permanent structures, iron or
masonry, or by ditching, during 1895, 1896 and 1897. The
amount charged to Operating Expenses for bridge work was
$336,670 75, an increase of $176,412 53 over the previous year.
It may be well to explain that when the road was built
considerable wooden bridge construction was introduced.
The wooden bridges were maintained principally by repairs
until three years ago, when extensive renewals became
necessary and will continue during the years 1898 an i 1899,
when they will be materially decreased. These bridges are
being replaced as far as practicable with permanent struct
ures of stone or iron, or a combination o f the tw o ; and only
creosoted timber is used when wooden structures are re­
built. The creosoted timber insures a bridge of at least
tw ice the life of one built with untreated timber.
The expenditures for maintenance o f equipment were
18-58 per cent of the total. The increase in locomotive re­
pairs (of which $19,033 50 was due to higher exchange) was

V03

$168,115 63, caused by the'larger number o f engines in ser­
vice and by the increased mileage run.
In repairs o f freight cars the increase was $209,$45 77,
owing principally to the increased car mileage. A larger
expense was also incurred for maintaining foreign cars, in
consequence o f the greater number on the road in 1897.
There was also charged to this account the cost of rebuild­
ing at the Mexico shops 46 freight cars, changing 60 old style
box cars to fruit cars and changing 156 old style coal cars to
flat cars.
The repairs of passenger cars increased $52,687 68 for the
year, and, in addition to the ordinary repairs, include the
cost of repainting 53 coaches and baggage cars, and rebuild­
ing 1 baggage, mail and express- car and 5 coaches.
The expenditures for maintenance o f equipment include
$100,640 (the equivalent of $48,000 U. S. Cy.) credited to
Equipment Fund, to provide for replacement of condemned
and destroyed equipment.
The transportation and traffic expenses were 54-41 per
cent of the total, and increased $883,721 53 (of which $121,446 22 was on account o f exchange) over 1896, or 22-54 per
cent, which was due to the heavier'tonnage handled.
The increase in general expenses was caused entirely by
higher rates of exchange. Placed on the same basis of ex­
change as 1896 these expenses show a decrease o f $12,451 49.
The rains in Mexico in 1897 were the heaviest that have
been known for years. Especially was this the case on the
Chihuahua Division, the Laguna Extension and the Tampico
Line, causing serious interruptions to traffic and largely in­
creasing the cost of operation. The material in the track,
which, under ordinary conditions makes an excellent road­
bed, became softened in many places by the excessive fall of
water, necessitating heavier track repairs and renewals of
ties which otherwise would have lasted much longer. On
the Chihuahua Division one pier o f the Nazas River bridge
and one abutment of the San Pedro bridge, both permanent
structures, were undermined by the action o f the water.
The Laguna, north of Chihuahua, which is several kilometers
west of the track, was so swollen by the heavy rains that it
spread out over a territory fully twenty miles long and eight
miles broad. The track for about seven kilometers was con­
stantly threatened during several weeks with becoming en­
tirely impassable, and the Company was put to an unusual
expense in hauling rip-rap and keeping large gangs of men
at work to keep this part of the line open. This is the first
time since the road was opened that there has been any
serious trouble at this point; but in order to guard against a
re-occurrence, it has been considered advisable to re-locate
the track at this point on a higher level. It is estimated
that the loss to the Company in revenue, owing to the inter­
ruptions in traffic during 1897, was fully $300,000, Mexican
Currency, and that the cost of repairs to the line where
interruptions in traffic occurred will amount to from
$325,000 to $350,000, Mexican Currency. This amount covers
the expenditures necessary to put the road in a safe condi­
tion against similar future floods. This expenditure will be
distributed over the months from October, 1897, to June,
1898, but the major portion will come into the Operating A c­
counts of 1898.
i' VI
Abundant crops, however, over the whole country were the
result of the abundant rainfall, and the Company’s business
during the current year should be benefited thereby from
the transportation o f local commodities and from the im ­
petus given to collateral business interests.

STATEMENT S H O W I'G U. S. CURRENCY MATERIAL AND EXPENSES CHARGED IN THE OPERATING EXPENSES 189 1 TO 1 8 9 7 , INCLUSIVE, AND
YE AR LY INCREASES OR DECREASES IN SAME OWING TO DEPRECIATION OR APPRECIATION IN SILVER.

Y ea rs.

1 8 9 1 ...............
1 8 9 2 ...............
1 8 <3...............
1 8 9 4 ...............
1 8 9 5 ...............
1 8 9 6 ...............
1 8 9 7 ...............
T o t a l s ...

U nited S tates
r e n cy .
A m ou n t.
$ 1 ,5 4 9 ,9 9 8
1 ,3 8 6 ,0 6 5
1 ,2 1 3 ,2 7 0
1 ,0 8 9 .4 7 2
9 2 9 ,6 7 7
1 ,0 4 8 ,4 8 1
1 ,4 4 7 ,5 3 0

P r e m iu m .

C u r­

A m o u n t.

A v era g e rate.
60
68
38
37
49
21
13

$ 8 ,6 6 1 ,4 9 5 86

128 -8 3
143 -1 6
16004
192 -6 9
1 8 8 -9 4
188 65
2 0 9 -3 9

$ 4 4 6 ,8 4 1
5 9 8 ,2 7 7
7 2 8 ,4 7 5
1 ,0 >9,829
8 2 6 ,8 8 0
9 2 9 ,4 4 2
1 ,5 8 3 ,4 4 6
1

M ex ica n C u r r e n c y
eq u iv a len t ch a rg ed
i n the ex p en ses.
99
69
00
35
32
39
34

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

$ 1 4 ,7 8 7 ,6 8 9 08

3 5 -6 8

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

39
01
62
98
83
18
21

$ 6 .1 2 3 ,1 9 3 22

P er cen ta g e
to total
ex p en ses .

M ex ica n C ur. e q u iv ­ M ex. O u r. in e . o r di c.
a le n t th at w o u ld m e rpense.8 o v e r
h a ve b een ch a rg ed p rev . y<.ar o w in g
to d e p r ec’ n o r a p a t p rev io u s y ea r's
p r e o 'n i n S ilver.
r a te o f E x ch a n g e.
$ 1 ,8 9 9 ,8 3 3
1 ,8 2 2 ,6 2 1
1 ,7 3 5 ,7 3 4
1 ,7 2 9 ,1 5 0
1 ,7 8 3 ,9 5 1
1 ,9 8 0 ,8 0 9
2 ,7 2 1 ,7 8 2

28
29
03
58
89
51
04

$ 1 3 .6 7 3 ,8 8 2 62

In c.
In c.
I n c.
In c.
D eo.
D eo.
In o.

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

71
40
97
77
57
12
30

I n o . $ 1 ,1 1 3 ,8 0 6 4 6

M IL E A G E .
During the seven years covered by this statement, the de­
No new road was constructed during 1897, but there was
crease m the value o f silver, and consequent higher rate of
exchange on the United States Currency Material and Ex­ a net addition of 11 "2 miles of side tracks, and there are also
penses, has caused an increase in the operating expenses, now included below 14-3 miles of side tracks constructed in
allowing for the small decreases in 1895 and 1895 of $1,113,- 1896 but not then included in the report. The total mileage
on December 31, 1897, was as follow s:
806 46 Mexican Currency.
The United States Currency values of the stock o f ma­ M a in L in e, C ity o f M e x ic o t o C iu d a d J u a r e z .......................... .. ... 1 , 2 2 4 - 1 6
1 -4 0
terial and fuel at the periods specified have been as follows: S a n tia g o B ra n ch , C ity o f M e x ic o t o S a n t i a g o . ..............
D e c e m b e r 3 1 .1 8 9 2 ...................... ............................................... .....$ 8 % 5 ,8 3 5 9 0
D e c e m b e r 3 1 ,1 8 9 3 ................. . ............ ................ ............. .
6 9 9 ,7 3 2 87
D e c e m b e r 3 1 ,1 8 9 4 ............. ..................... .............'............................. 4 8 7 ,3 1 0 7 4
D e c e m b e r s i , 1 8 9 5 (e x c l. m a te ria l fo r co n st, o f A m e c a E x t .) 4 1 2 ,4 1 9 9 6
D e c e m b e r 3 1 , 1 8 9 6 . . . . . .................... .............................. .
4 1 9 ,6 5 2 45
D e c e m b e r 3 1 , 1 8 9 7 . . . ........... ........................................... .................. 3 6 9 ,1 8 4 8 0

showing a decrease between December 31, 1892, and Decem­
ber 31, 1897, of $486,651 10, or 57 per cent.
Earnings and expenses for 1897 and 1896 compare as follows:
S T A T IS T IC S O F E A R N IN G S A N D E X P E N S E S .
(M e x ic a n C u rre n cy .)
In cr ea se.
1897.
1896.
8 6 -0 6
1 ,8 6 9 -6 0
A v e r a g e M iles o p e r a t e d .... ............ 1 ,9 5 5 -6 6
$ 1 ,1 0 8 53
G r o s s E a rn in g s p e r M ile ...........
$ 6 ,5 6 8 53
$ 5 ,4 6 0 0 0
9
0 7 50
O p e r a tin g E x p e n s e s p e r M ile .,.. . . . ,4,5 1 4 8 3
3 ,6 0 7 3 3
1 ,8 5 2 -6 7
201 03
N e t E a r n in g s pel- M i l e .. ! .''. .! ' X . - . ' '2 ,0 5 8 7 0 "
.0
2 )6 )6
P e r c e n t a g e E x p e n s e s t o E a r n in g s .
68-7 3
66 07




P a e h u c a B ra n ch , T u la t o P a c h u c a ........................................................
G u a n a ju a to B ra n ch , S ila o to M a rfil................................................
G u a d a la ja ra B ra n ch , I ra p u a to t o G u a d a la ja r a ............................
A m e c a E x te n s io n , G u a d a la ja ra sto A m e c a .........................................
S a n L u is D iv is io n . C h ica lo te t o T a m p ic o .........................— ..............
B ra n ch t o C om p a ñ ía M e ta lú rg ica M e x ic a n a S m elter, S .L .P o to a i
B a r E x te n s io n , T a m p ic o t o L a B a r r a ............................ ......................
L a g u n a E x t e n s io n , L e r d o to S an P e d r o ..............................................

4 3 -8 1
1 1 -5 8
1 6 1 -2 1
55*41
4 0 6 -9 3
5 -19
6 -21
3 9 -7 8

T o t a l............................................................................................................. 1 ,955*66
M ile a g e o f s id e t r a o k s .................................................................. - ............ 183*45
T o t a l m ile a g e o f a ll t r a o k s ......................................... ......................2 ,1 3 9-1 1

Attached to this report will be found a map showing the
lines of the Mexican Central and other railroads in the Re­
public of Mexico,,and vstaamshiPdgQnnjections with ^Eprope,
Haiy^aidiandipffic$iiinith€i©niited*otate8!. rfJiw
xeq f,0-8S

THE CHRONICLE

904

for future replacements, and not added to the equipment
list. The Company acquired in 1897 under the EquipmentAgreement of April 1, 1897, which is more fully explained
under the head o f “ Financial,” forty locomotive engines,
seven hundred and ten thirty-ton box cars, two hundred
and forty thirty-ton coal cars and twenty-five cabooses.
The principal part o f the new equipment was received
during the latter part of the year, so that the accounts for
1897 do not reflect the full benefit of the additions, but the
first two months of 1898 show a saving over 1897 in the
amount paid for use of foreign cars in excess of the amount
received o f $33,258 63.
Statement showing number of engines on equipment list,,
total weight on drivers, average weight on drivers and total
average weight of engines and tenders, for the years 1890 to
1897, inclusive :

E Q U IP M E N T .

The equipment list on Dec. 81,1897, was as follows:
A c q u ir e d u n d e r
E q u ip m e n t A g r eem e n i o f A p r . 1 /9 7 .

O w ned.
7
5
52
78
16
1
7

L o c o m o t iv e s —4 w h e e l ,
0 w h eel
8 w h e e l ..........................
1 0 w h e e l ..............
B o g ie ................................
M o g u l..............................
C o n s o lid a tio n ...............
T o t a l L o c o m o t iv e s ........... ..

40

206

30

166

P a ss e n g e r C ars—F ir s t c l a s s .. .
S e con d c l a s s . . . ............i .............
T h ird c la s s ...................................
C o m b in a tio n ................................
B a g g a g e , M a il a n d E x p r e s s .
S p e c ia l............... ...............
O fficers...........................................
P a y .................................................

10

T otal.
7
5
52
1 08
16
1
17

22
19
32

12
26
3
4

Total w eigh t
N o. o f
o n d r iv ers ,
D a te.
en g in e s, i n p o u n d s .
D e c e m b e r 3 1 ,1 8 9 0 .
1 39
8 ,6 1 9 ,0 5 5
D e c e m b e r 3 1 ,1 8 9 1 .
146
9,47-5,055
D e c e m b e r 3 1 ,1 8 9 2 .
1 4 8 • 9 ,8 9 5 ,0 5 5
D e c e m b e r 3 1 ,1 8 9 3 .
149
1 0 ,1 0 5 ,0 5 5
D e c e m b e r 3 1 ,1 8 9 4 .
149
1 0 ,1 0 5 ,0 5 5
D e c e m b e r 3 1 , If»9 5 .
152
1 0 .2 0 0 ,0 5 5
D e c e m b e r 3 1 ,1 8 9 6 .
1 61
1 1 ,1 6 0 ,0 5 5
D e c e m b e r 3 1 ,1 8 9 7 .
206
1 6 ,7 0 1 ,0 5 5

2

Total Passenger Oars................
120
Freight Cars—B o x ......... .......................1,762
F r u it......... ....................................
60
S tock...................................
316
W ood ....... .........
26
C o a l..............................
200
C o k e ......... ......................i ..................
74
F la t ..................................
347
C aboose..................
85

710

T o ta l F r e ig h t C a r s .......................2 ,8 7 0
69
S u n d ry C a rs—W a t e r .
4
W a te r a n d C o a l........
95
B a l l a s t . . . . . . .............
W r e c k i n g ...................
11
P ile D r iv e r .................
5
1
S team S h o v e l............
1
S tea m D e r r ic k ..........
T o t a l S u n d ry C a r s ........................

975

F lo a tin g E q u ip m e n t—
S tea m T u g “ T a m p ic o ,” 4 5 0 H . P ..
S team T u g “ P a n u c o ,” 2 2 3 H . P . . .
S team L ig h te r “ O rin d a ,” 7 8 H . P .
L ig h t e r s .............................................

A v era g e w eigh t A v era g e total
p e r e n g i n e o n w eigh t o f en d r iv ers, i n
g in e s a n d te n pou n d s.
d e r s ,i n p >’n d s.
6 2 ,0 0 7
1 4 7 ,2 9 3
6 4 ,8 9 8
1 5 1 ,4 4 7
6 6 ,8 5 8
1 52,7786 7 .8 1 9
1 5 3 ,4 3 1
6 7 .8 1 9
1 5 3 ,4 3 1
6 7 ,5 0 0
1 5 5 ,1 3 1
6 9 ,3 1 7
159 ,71 1
8 1 ,0 7 3
1 7 8 ,9 2 1

Statement showing the number of freight cars on equip­
ment list, total tonnage capacity and average capacity per
car for the years 1890 to 1897, inclusive :

3 ,8 4 5
69
4
95
m
5
1
1

D a te.
D ecem ber 31,
D ecem b er 31,
D ecem ber 31,
D ecem b er 31,
D ecem ber 31,
D ecem b er 31,
D ecem b er 31,
D e c e m b e r 31,

186
9 75

T o t a l C a r s ...............................3 ,1 7 6

[ V o l . L iX V l.

N o. o f
F re ig h t
Oars.
1 8 9 0 ................... ................... 2 ,6 5 0
...................
2
,6
74
1 8 9 1 ...................
1 8 9 2 ................... ................... 2,671
1 8 9 3 ................... ................... 2 ,6 7 3
1 8 9 4 ................... ................... 2 ,6 7 7
1 8 9 5 ................... ................... 2 ,6 7 5
1 8 9 6 ................... ................... 2 ,9 1 9
1 8 9 7 ................... ................... 3 ,8 4 5

Total
T on n a ge
O a p a city.
4 3 ,6 9 0
4 4 ,4 2 0
4 4 ,4 3 5
4 4 ,4 6 5
4 4 ,5 0 0
4 9 ,4 6 5
5 7 ,0 7 5
8 6 ,7 4 5

A v era g e
C a p a city
p e r G arr
in tons.
16-48
1 6 -6 1
1 6 -6 3
1 6 -6 3
16-6 2
18-49
19-55
2 2 -5 6

Since 1894 the capacity of the freight equipment has been
nearly doubled, of which over ten per cent has resulted frond
the policy of replacing condemned and destroyed cars of 15and 20 tons capacity by cars of 30 tons capacity, the entire
cost of which has been included in the Operating Expenséis.

1
1
1
11

The additions during 1897 to the equipment owned by the
T A M P IC O H A R B O R .
Company were five locomotive engines purchased and tw o
cabooses built at the Mexico shops, and various changes in
The channel was maintained during the year, the mini­
classification reduced the number of freight cars fifty-one mum depths at mean high tide December 31 being 27'2 feet
and added the same number to “ sundry cars.” There were on the outer bar and 25 feet on the old inner bar, the on ly
also purchased for account of the Equipment Fund, for thp change shown by the soundings from the year previous being
replacement of condemned and destroyed equipment, one a slight increase in the depth on the old inner bar.
locomotive engine, eighty-eight coal cars and seventy-five
Below will be found a statement showing the tonnage and
stock cars. Of the stock cars seventy-three were in excess value of exports and imports, via the various sea-ports and
of requirements on this account, and are held in suspense gateways of Mexico, for a series of years.
TONNAGE AN D

A N D IM P O R T S V I A T H E V A R IO U S S E A P O R T S A N D G A T E W A Y S O F
M E X IC O .
(V a lu es o f E x p o r t s a re in M e x ic a n S ilv e r. V a lu e s o f Im p o r ts a re in G old .)

F isc a l Y ea r
e n d in g
J u n e 30.

V A L U E S JJOF E X P O R T S

T a m p ic o .
M e tric

V a lu e.

T on s

E l P aso.
M e tric

E ag le P ass.

V

era

M etric

T o n s.

V a lu e.

V a lu e.

72,866
58,013
85,112
121,138
128,682
107,478
89,467
120,184
122,694

$9,839,057 24
10,577,925 14
10,641,034 55
12,022,678 45
15,492,955 33
15,187,724 50
14,301,855 87
16,859,696 03
16,803,659 00
15,701,714 00
14,255,800 00
19,599,797 00
17,929,521 00

$505,232 93
788,284 52
507,595 45
874,572 62
2,195,586 00
2,521,946 74
2,698,218 71
2,986,294 60
2,375,396 00
2,662,975 00
2,850,062 00
3,065,014 00
2,888,535 00

T on s.

Cru z.

L aredo.

Ot h e r P orts

& Gatew ats.
V a lu e.

V a lu e.

V a lu e,

$19.651,196 48
17,425,828 17
20,168,149 32
16,067,992 84
19,532,519 07
20,115,353 85
20,533,460 73
26,463,287 39
28,073,101 00
22,977,860 00
27,413,009 00
22,354,298 00
22,484,633 00

$1,440,902 71
1,337,916 24
1,424,028 91
1,215,515 04
2,240,521 52
3,047,864 71
3,332,243 57
4,847,371 77
6,520,807 00
4,601,913 00
3,016.000 00
3,311,273 00
3,701,086 00

$14,364,974 99
12,637,867 61
15,688,225 56
17,985,360 37
20,038,818 35
20,958,373 79
21,335,495 33
20,714,945 45
24,89 ,021 00
22,431,377 00
27,773,854 00
32,766,056 00
34,390,278 00

T otal
V alu e.

E xports.

1885
1886
1887
1888
1889
1890
1891
1892
1893
1894
1895
1896
1897

.....
8,645
.....
8,326
..... 12.126
.....
8,952
...
7,235
7,821
.....
.....
7,892
...
10,599
..... 14,150
..... 49,986
... . 75,255
..... 84,213
... 101,392

I m po rts.

$869,480 65
879.895 71
762.896 26
719,789 06
658,022 75
718,125 10
1,075,121 13
3,596,119 71
8,844,537 00
10,967,448 00
15,546,228 00
23,920,464 00
29,952,441 00

1886............... 10,248
1887............... 10,278
11.774
1888........
1889
..... 12.774
1890
..... 16,430
1891
..... 43,770
1892............... 51,626
1893
..... 98,242
1894
..... 117,956
1895
... 166,853
1 8 9 6 ..
. ... 188,313
1 8 9 7 ..
. . . . .339,8*5
..

513,927 15 72,993
757,029 08 75,288
47,470
70,818
2,649,993 00 84,176
2,492,084 00 25,602
3,642,007 00 28,430
8,685,442 00 35,494
8,773,275 00 122.100

5,793,960 86 2,732,367 00
10,063,672 16 3,394,366 00
4.494.359
2;878,887
2,571,977
2,677,525
2.910.359

00
00
00
00
00

4,149,689’
1,748,426
2,386,451
4,228,658
4,710.415

{S&The tonnage of exports and imports through Tampico and
El Paso for the year ending June 30, 1897, was 686,011, com­
pared with 428,204 during the year ending June 30, 1896, an
increase of 257,807 tons, or 60-21 per cent.
The value of exports through all the ports and gateways
of the Republic for the fiscal year ending June 30, 1897,
amounted to $111,346,494 00, Mexican silver, of which $47,881,962 00, or 43 per cent, was through Tampico and El Paso,
and the value of the imports through all the ports and gate­
ways of the Republic for the same period amounted to $42,204,095 00 gold, of which $11,683,634 00, or 27‘68 per cent, was
through Tampico and El Paso, in addition to which a con­
siderable amount of the exports and imports, via Eagle Pass,
was delivered to and received from the Mexican Interna­
tional Railroad at Torreon.
These figures show the importance o f the Mexican Central
Railway to the industrial interests o f Mexico and the devel­
opment it is instrument^l^nacqqnyjli^hiug,
.
/ ___




16,764
17,511
17,467
19,372
21,645
28,059
28,676
30,194
31,812
38,100
43,425
35,257
32,749

ÓÒ 162,957
00 100,202
00 169,293
00 151,331
00 200.530

$46,670,845 00
43,647,717 39
49,191,930 05
48,885,908 3$
60,158,423 02
62,499,388 69
63,276,395 34
75,467,714 90
87,509,*21 0 9
79,343,287 09
90,854,953 00
105,016,902 00111,346,494 00

16,445,569 00 5,728,029 06
8,811,041 25 40,024,894 32
19,203,600 00 7,435,727 26 11,164,264 39 52,018.658 89
14,643,276’ 00
12,614,905 00
16,123,505 00
15,296,544 00
14,036,136 00

9,012,965
3,990,777
3,449,802
3,869,956
4.693,818

00
8,462,849 00
00
6,562,410 00
00
5,826,698 00
00 . 7,496,813 00
00
7,080,092 00

43,4Ì3,Ì3l” 0O
30,287,489 00
34,000,440 00
42,253,938 00
42.204,095 00

T h e f o l l o w i n g is a s t a t e m e n t o f t h e c o s t in U n i t e d S t a t e s
C u r r e n c y o f t h e T a m p ic o H a r b o r C o m p a n y w o r k s a n d p r o p ­
e r t y t o D e c e m b e r 31, 1897, a ll o f w h i c h h a s b e e n a d v a n c e d
b y t h e M e x ic a n C e n t r a l R a ilw a y C o m p a n y , L im it e d :
$3,299 3 8
Prelim inary e x p e n s e s ................ ...........
G eneral expen ses......................
83,179 7 0
E ngineerin g.............................................................................
77,574 7 8
C onstruction o f je ttie s...................................
2,048,658 94
Office and headquarters b u ild in g s ......................................I
13,487 42
W recking and dred gin g.............................................................
62,673 93»
R eal estate.............................................
44,153 43
R ailroad exten sion to La B a r r a ......................
229,151 4 0
Tracks at D ona C ecilia..............................................................
30,319 99
T racks at T a m p ico....... ................
4,545 26
W harves and d o ck s....... : .................... . .................. ...” .......
86,635 48F loating equ ipm ent........................ ........... .................... .
04,812 59'
Bond in t e r e s t--.-:........... ............ ,,........................................ .
357,101 85
Subsidy expen ses.............. . .................. .............................
1,822 8 0
L es s—
C re d it b a la n c e o f m is ce lla n e o u s in te re s t a cco u n t.
' N et c
o
s
t
.
.
. . -. .

$ 3 ,1 0 7 ,4 1 6 9 5
1 5 6 ,7 1 4 0 6
$ 2 ,9 5 0 ,7 0 2 80*

B r o u g h t f o r w a r d .........................................................
$ 2,050,702 8q
D e d u ct —
T a m p ic o H a r b o r C o m p a n y te rm in a l m o r tg a g e 5 % b o n d s
r e c e iv e d in s e ttle m e n t o f a d v a n c e s t o D e c e m b e r 3 1 ,
1 8 9 3 , a m o u n tin g t o .......................................- ............................. $ 2 ,7 6 9 ,5 6 3 0 7
B a la n c e d u e r a ilw a y c o m p a n y D e c e m b e r 3 1 , 1 8 9 7 . . . . . . . $ 1 8 1 ,1 3 9 82

for which a further issue of bonds oan be made to the Rail­
way Company in settlement.
F IN A N C IA L .

The Income Accounts for the years 1897 and 1896, in
United States Currency, compare as follows:
1897.
N e t e a r n in g s .............................. $ 1 ,9 3 7 ,4 8 3 19
I n t e r e s t o n B o n d s a n d o th e r
c h a r g e s , le ss M is cella n eou s
I n t e r e s t .................................... 2 ,4 7 6 ,4 3 0 61
D e fic it .......................................

905

THE CHRONICLE.

Mat 7, 1898.]

$ 5 3 8 ,9 4 7 4 2

1896.
$ 1 ,8 4 1 ,5 1 5 6 2
2 ,3 2 4 ,5 2 6 6 9
$ 4 8 3 ,0 1 1 0 7

In cr ea se.
$ 9 5 ,9 6 7 5 7
1 5 1 ,9 0 3 92
$ 5 5 ,9 3 6 35

comes the property o f the Railway Company. The equip
ment acquired under this agreement is shown in the equip
ment list.
Under the mortgage securing the Tampico Harbor Com­
pany Bonds (all o f which are owne i by the Railway Com­
pany), the Tru tee held, in addition to the property of the
Tampico Harbor Company, the Mexican Government Inter­
ior Redeemable Debt five per cent bonds received as a sub­
sidy on the Tampico Harbor W orks; $2,419,900 o f these
bonds were sold in the latter part o f 1897, in accordance
with the provisions of the mortgage, and the prooeeds, to­
gether with those obtained from the amortization o f $14,700 00 of the bonds by the Mexican Government, were use ct
to purchase from the Railway Co. and caucel $726,000 of the
Tampico Harbor Company Mortgage Bonds. This cancella­
tion of Tampico Harbor Company bonds will explain the de­
crease in the Tampico Harbor rental compared with 1896, as
shown by the Income Account.
The Income Account for 1897 includes a full year’s inter­
est on all outstanding mortgage bonds, including those is­
sued for the construction of the Laguna Extension, while
in 1896 it included the interest on the bonds issued for the
construction of the Ameca Extension only from the time
when the line was opened for operation. This was the cause
of the increase in this item in 1897. No mortgage bonds
were sold during the year.
The amount of notes payable at th9 close o f 1897 was $1,665,000; $1,000,000 of this, as was explained in 1896 report, is
due to the Subsidy Trust Fund, and was incurred by reason
o f the cost of the Tampico Harbor works exceeding the esti­
mates; and has not been funded because it has found less
expensive to carry it as a loan than to sell the company’s
securities at the prices that have obtained during the last
five years. The proceeds o f the balance o f the notes payable,,
amounting to $665,000, were expended for improvements
and for rhe construction of the Parral extension, but have
not yet been funded
The $1,800,000 00 of Consolidated Mortgage 4 per cent
Bonds sold in 1895 and 1896, the $1,0 )0,000 of 5 per cent
Equipment and Collateral Gold Binds sold in 1897, and the
increase of $665,000 00 in Notes Payable, form the only in­
debtedness incurred by the Company for Capital Account
since 1892, and cover the construction of the Ameca and
Laguna Extensions (95*19 miles in length, additions to the
Equipment, various improvements and betterments made
during the last five years, and the partial construction o f
the Parral Extension.
The following is the statement of the Subsidy Trust Fund
for the year 1897 :

which was provided for in both years by amounts with­
drawn from the Subsidy Trust Fund in accordance with
the terms of the Trust Indenture.
The maximum price at which the Company sold Mexican
dollars in 1897 was 51% cents, and the minimum was 42%
cents, an average for the year of 48‘24 cents, as against 53’17
in 1896, an average decrease o f 4"93 cents per dollar.
The loss to the Company in net earnings from this de­
crease in the value o f the dollar amounted to $362,407 96
United States currency, and there was also a depreciation
in the United States currency value of the Mexican Currency
Assets amounting to $50,872 68, making a total loss from
this cause in the income for the. year : f $413,280 64 United
States Currency, being a loss of about $84,000 U S. Cy.
for each cent of depreciation in the gold value of Mexican
silver dollars.
References have been made in the annual reports o f this
Company for several years past as to the effect upon its
revenues from the decline in the value o f silver. The pre­
ceding paragraph shows how much the loss was in a single
year, and the statement on page 903 shows the effect on the
expenses between 1891 and 1897 inclusive. The gross earn­
ings in Mexican Currency have gone on increasing from
year to year, and at a much greater rate than the additions
to mileage, notwithstanding which, the bonded indebted­
ness of the Company being on a gold basis, it has been un­
able in any year since it commenced operation to earn its
fixed charges without the aid o f subsidy money. Naturally
the bondholder looks only at the net results in gold, but in
so doing is apt to lose sight o f the earning power of the
property, demonstrated very clearly by the table on page
902, because it is on a Mexican Currency basis. I i view of
the large increase in revenue in Mexican Currency and the
results on a gold basis, therefore, it seems proper to point STATEMENT OP SUBSIDY TRUST FUND, BOSTON SAFE D E P O S IT *
CO., TRUSTEE, FOR THE YrtAR 1397.
out by the following brief .table what the results o f opera­
(United States Currency.)
tion would have been during the past five vears had the
Balance in hands o f Trustee Dec. 31. ’ 9 6 .$ 1,250,644 70
Mexican dollar continued at the 1892 value of 68’26 cents.
Interest received during the year 1 8 9 7 ..

A vera g e
A c tu a l N et D e f .f o r
p r i c e rey e a r in TT.S. C y. R esu lt w o u ld h a ve
L es s—
c e iv e d f o r
N et
in c l a ll item s b een i n U. 8 . Oy.
Trustee’ s com pensation one year to Dec.
Men. d o lla rs N a m in g s i n In co m e
o n 1 * 9 2 b a sis
1 ,1 8 9 7 ..........................................................
T ea r .
(c e n ts ). M ex Cy.
A cco u n t.
' o f E xch a n g e. D iffer en c e.
1893. . . . . . . 62-02 $2,846,587 64
$ 546,400 75 Def. $160,32713
$386.073 62 Loss on Securities s o l d ..............................
1894... ........ 54-87 2,966,35015
814,1*4 90 Sur.
75,034 87
8H9.21977 W ithdrawn from Fund and paid to Com ­
1895 .......... 5295 3,896,475 04
265,252 14 Sur.
588,124 30
853,37644 pany; in accord an ce w ith terras o f
1896 .......... 63-17 3,463,747 20
4*3,01-07 Sur.
861,673 64
844,68471 Trust Indenture; Balance o f deficit to
1897 .......... 48-24 4,016,348 57
538,947 42 Sur.
970,404 91
1,500,85233 Dec. 31. 1 8 9 6 ...................... *161,228 88
$17,188,508 60 $2,647,796 28 Sur.*l,*34,910 59 $4,482,706 87

A ccou n t o f 1897 d e fic it.... 650,000 00

It will be seen from the foregoing that had the value of
the Mexican dollar remained stable at the 1892 rate, there
would have been a surplus after paying charges in each of
the past five years, excepting 1893. For the five years the
surplus would have amounted to $1,834,910 59, compared
with an actual deficit for that period of $2,647,796 28, a total
difference to the Company of $4,482,706 87, U. S. Cy. It will
also be interesting to note that on the 1892 basis there would
have been a surplus for the year 1897, after paying all
charges, of $970,404 91 United States Currency, which would
have enabled the Company to pay a full year’s interest at
three percent on all the Income Bonds, and left for the Cap­
ital Stock, $100,704 91.
Mention was made in last annual report of the growing
needs of the Company in regard to equipment, and it was
decided by your Directors that a considerable addition was
absolutely necessary. The issue of the Mortgage Bonds of
the Company for this purpose, however, would have made
the money too costly, and the issue of an Equipment Bond,
which would bring a better price, was determined on. Under
date of April 1, 1897, an agreement was entered into with
the Old Colony Trust Company, as Trustee, for the acquisi­
tion of about one million dollars worth of new equipment,
the cost of same to be covered by the issue o f $1,000,000 00 of
five per cent Equipment and Collateral Gold Bonds, the
bonds to be secured by the equipment itself (which remains
the property of Old Colony Trust Company until the entire
amount of bonds has been redeemed and canceled) and also
by a deposit with that Company, as Trustee, as collateral, of
$1,500,000 00, par value, of Mexican Central Consolidated
Mortgage 4 per cent Bonds. The term of the bonds is twenty
years, from April 1, 1897, to April 1,1917. The Railway Com­
pany pays to the Trustee each year one-twentieth of the total
amount, of bonds issued, which sum is applied by the Trus­
tee to the purchase and cancellation of that amount of
bonds. On each redemption and cancellation of Equipment
Bonds, one-twentieth o f the collateral bonds are released to
the Railway Company. On the final redemption and can­
cellation of .all, the .Equipment, Bonds, the.equipm ent be­

B alance in hands o f Trustee, D eo 31,97.

Totals........ .




The am ount o f interest collected fo r ac­
count o f the Trust during the year was.
Less Trustee’ s com p ensation.....................
Loss on Securities so ld .............................
Showing the net incom e o f the Trust
during the year 1897 to have b een .......

185,214 13

TRUST*

$3,435,858 8 9

$2,500 00
97,782 71

8 1 1 ,2 2 1 89

9 1 1 ,5 1 1 5 9
$2,524,347 24

$ 2 ,’ 00 00
97,782 71

$185,214 1 9
100,282 71
$84,931 42

an average rate of 2"61 per cent.
Exclusive o f the loss on securities sold, the net receiptsduring the year amounted to $182,714-13, or 5"62 per cent.
The $550,000 00 withdrawn from the Subsidy Trust Fund
for account of the 1897 deficit was based on a statement o f
operations, those for the latter months of the year being
estimated, but on completion of the* accounts the actual
deficit was found to amount to $538,947-42, and the amount
overdrawn, $111,052-58, has been returned to the Trust
Fund.
At the time th9 settlement o f the Subsidy was made with
the Government, $6,122,646 37 of the proceeds were invested
in Priority Mortgage Five per cent Bonds to the par value o f
$5,597,000 00. This is an investment b 3r the Trustee for the
same purposes as th9 Subsidy Trust Fund, amounting, as.
stated above, to $2,524,847 24, so that the security at the end
o f 1897, for the payment of the interest on the Consolidated
Mortgage Bonds, amounted to $8,646,993 61, as shown by the
General Balance Sheet, in addition to net earnings.
IN GEN ERAL.

A branch road from Jimenez on the main line to the
Parral mining district, an estimated distance of 55 miles,
has been decided on by your Directors. Construction was.
commenced in the latter part o f 1897, and it is expected
that the road will be finished by the latter part of 1898.
Considerable attention has been given by your Manage­
ment during the past year in connection with the manage­
ments o f other railway lines in Mexico looking to some
means o f increasing the net revenues o f the Company as am
off-set to the continual decline in the value of silver.
Finally in August last-by joint agreement o f the several

THE CHRONICLE.

M )^

Tailway companies, a new classification was prepared and
^submitted to the Government for approval. This new classi­
fication increases the number of classes and gives an oppor­
tunity to assign commodities so as to secure to the railway
companies some increase in revenue. Whatever increased
revenue is secured by this new classification will add di­
rectly to the net results. The Government approved the
new classification on March 25, 1898, and it will go into ef­
fect on or about May 1, 1898.
Mr. Joseph Richardson o f New York, a Director in this
Company since May 4, 1887, died on June 8th last. He was
a faithful and active member of the Board, and gave his
best attention to the interests o f the Company.
The Comptroller’s report following gives the Balance Sheet
and Income Account of the Company in United States Cur­
rency, and detailed statements of the Earnings and Ex­
penses in Mexican Currency.
Respectfully submitted by order o f the Board,
A. A. ROBINSON, President.

|V o l

L X V I.

INCOM E ACCOUNT F O B TH E Y E A R 1897,
(UNITED STATES CURRENCY).

C R E D IT .

N et E arnings fo r the y e a r ..
$ 1,937,483 19
M iscellaneous Interest A c ­
count fo r the y ea r................
97,037 26
R eceived from Subsidy Trust Fund, in ac­
cordance w ith term s o f Trust In d en ­
ture.
B alance o f 1896 D eficit.$161,228 88
A ccou n t o f 1897 D eficit. 650,000 00
811,228 88

$2,845,749 33

CONTRA

B alance from 1 8 9 6 ........................................ $161,228 88
D epreciation in M exican C urrency A s­
sets caused by deoline in silv er..............
50,872 68
T am pico Harbor C om pany R en ta l..........
' 99,411 86
A ccru ed Interest and Partial P aym en t to
D ecem ber s i on E quipm ent and Col­
lateral 5% B on d s................. ..................
44,583 33
One year’s Interest on M ortgage B on d s.. 2,378,600 1 0 $2,734,696 75
C red it b a la n ce

carried
1898................
G E N E R A L BA LA N C E SH EET D E C E M B E R 31, 1897.

forw ard to
$111,052 58

(UNITED STATES CURRENCY.)

A S SE TS.
■Construction a n d E q u ip m e n t.....................
E q u ip m e n t a n d C olla tera l T ru st—

$140,482,133 68

Cost o f equipm ent acquired under agreem ent o f
A pr. 1, lb 9 7 . with the Old C olony Trust Co.,Trustee
M a te ria l, Fuel a n d S u p p lies o n H a n d —
B o sto n S a fe D ep osit <& T ru st Co., T ru stee—

Cost o f $5,597,000 5% P riority Bonds purchased fo r
investm ent o f Subsidy..........................$6,122,646 37
B alance o f subsidy T rust F und in their hands De­
cem ber 31, 1 8 9 7 .................................... 2,524,347 24

,000,247 60
369,184 80

8,646,993 61

B a n c o N a e io n a l d e M exico—

Cost o f $550,COO, M exican Cy., o f M ex ican G overn­
m ent B onds purchased w ith Subsidy m oney and
deposited in lieu o f an equal am ount o f Subsidy
Certificates held as a guaranty to the M exican
G overnm ent under the C om pany’ s c o n c e s s io n s ....
Cost o f $65,000, M exican Cy., o f M exican G overn­
m ent B onds deposited as a guaranty to the M exi­
can G overnm ent under various concessions and
c o n t r a c t s ................................ ..........................................

105,705 10

B ills a n d A c c o u n ts R e c e iv a b le ...............................................
C a sh B a la n ces D ecem b er 3 1 ,1 8 9 7 —

On hand and in Banks........................... $1,288,737 70
In transit to B oston ................. ...............
199,332 88

F ive Per c e n t P riority B o n d s ....___ . $5,597,000 00
Consolidated M ortgage 4% B onds....... 58,946,000 00
First M ortgage Bonds, n ot con verted
into C onsolidated M ortgage B onds.
506,000 00
First M ortgage B on d Scrip, exchan ge­
able into F irst M ortgage B on d s.......
12,012 50
T en Per Cent C oupon Notes and Sorip
(ceased to bear int. A p ril 1 6 ,1 8 8 9 ).
700 00
F irst C onsolidated Incom e Bonds....... 17,230,000 00
F irst C onsolidated In com e B ond Scrip,
• exchan geable into F irst C onsoli­
dated Incom e B onds..........................
63,800 00
Second C onsolidated Inoom e B o n d s.. 11,235,000 00
R egistered rnoom e B onds and Scrip .
461,200 00
F iv e Per Cent E quipm ent and C ollat­
eral G old B on d s.................................... 1,000,000 00

$47,915,100 00

95,051,712 50

C o u p o n s a n d A c c r u e d L ia b ilitie s —

16,090 78

T a m p ico H a rb o r C o m p a n y B o n d s —

F irst M ortgage Term inal 5% B onds o f the T am pico
H arbor Com pany received in settlem ent o f ad­
van ces to that Com pany to D ecem ber 3 1 ,1 8 9 3 ,
less am ounts redeem ed and oanceled b y the opera­
tion o f the Sinking Fund ai d the sale o f G overn­
m ent 8ubsidy Bonds, co stin g ................... ....................

L IA B IL IT IE S .
C a p ita l S l o c k . . . ................................................................
B o n d e d Debt—

923,938 07
250,278 94
1,488,070 58

T o ta l................................................ .......................... $155,282,643 16

Coupons overdue, n ot presented.........
$21,640 00
Coupons due Jan. 1 , 1 8 9 8 . ........... ... 1,189,300 00
Int. on Bonds accrued to Deo. 8 1 ,189 7
12,520 44
T am pico H arbor Com pany Rental and
Partial Paym ents, accou n t o f equip m ent accrued to Deo. 3 1 ,1 8 9 7 .........
63,870 00
N otes p a y a b le ..................................................................................
T o u ch ers, P a y -R o lls a n d A c co u n ts P a y a b le— "

Including w ages and salaries fo r the m onth o f D e­
cem ber .................................................................................
M ex ica n G o v ern m en t
I n c o m e A c co u n t—

B alance to Deo. 31, 1 8 9 7 ... .......... .................................

1,287,330 44
1,665,000 00
499,748 93
8,752,698 71
111,052 58

T ota l................................................................................... $155,282,643 16

Seivern & K n oxville.—Greenwood Anderson & Western.
United Gas Im provem ent.—New Stock.—A t the annual
— Construction.—The Seivern & Knoxville, a reorganization meeting on Monday the shareholders endorsed the action of
•of the Greenwood Anderson & Western, it is reported is about the directors and authorized the increase of capital stock
completed from Seivern, S. C., to Batesburg. It will be from $11,500,000 to $15,009,000. The board of directors met
•operated in close connection with the Carolina Midland, later in the day and decided to offer the increased capital
which extends from Seivern south to Allendale, 55 miles. R. stock to the stockholders of record on the 20th day of May,
A. Springs is President and P. F. Sullivan Secretary and pro rata, at par, payable in instalments as follows : Twenty"Treasurer.—V. 65, p. 869.
five per cent July 15, 1898 ; 25 per cent October 15, 1893 ; 25
South A tlantic & O h io—Sold.—This road was purchased per cent January 15, 1899 ; 25 per cent April 15, 1899. The
at foreclosure sale at Bristol, Tenn., April 26, for $205,000, annual report is cited on a previous page.—V. 66, p. 236,
by Marshall Clyde, representing the bondholders, who will at
Western New York & Pennsylvania.—Earnings for the
once reorganize the company. The road is 71 miles long, ex­
tending from Bristol, Tena., to Big Stone Gap, Va., and has quarter and the 9 months ending March 31 have been re­
ported :
been in receiver’s hands since August, 1892.— V. 66, p. 617,
Standard Oil.—Dividends.—The liquidating trustees have
declared a quarterly dividend of 3 per cent and an extra div­
idend of 5 per cent, both payable June 15. The company
paid 10 per cent (7 per cent extra) in March, 1898, 33 per cent
in 1897, 31 per cent in 1896, and 12 per cent per annum from
1891 to 1895, inclusive,—V. 66, p. 860.
Sunbury Hazleton & W ilkesbarre R y.— Bonds Called.—
T he Fidelity Insurance Trust & Safe Deposit Company o f
Philadelphia, mortgage trustee, gives notice that thirty-three
bonds, Series A, secured thereby, namely: Six bonds for
:$l,i 00 each, ten for $500 each and seventeen bonds for
$1C0 each, in all $12,7i0, have been duly drawn, and will be
purchased at par and accrued interest on June 1, 1898, at
their office.
Terre Haute E lectric Street THy.—Committee to Investi­
gate Bond Issue.—At a meeting of creditors held April 26 a
•committee consisting of Edward O. Brown, of the First Na­
tional Bank of Chicago; A. J. Singer, of the Illinois Steel
•Co.; W . O. Carpenter, of the Western Electric Company, and
W illard Kidder, Dernas Deming and Preston Hussey, Terre
Haute, was appointed to investigate the sale of bonds to the
amount of several hundred thousand dollars, including $265,'000 said to have been thrown on the market at 65. No entry
explaining the disposition of these bonds, it is alleged, ap­
pears on the cash books of the company.—V. 66, p. 185,
T oledo St. Louis & Kansas City.— Appeal from Foreclos­
ure Decree.—The intervening creditors have given notice of
an appeal from the recent foreclosure decree. The matter
will come up at Cincinnati on the 14th inst to determine the
amount of the bond to be furnished, which, if forthcoming,
w ill throw the case- over until the November term of the
•■T f t t f r f t - 1D-a.iox¡¿88,08 <m,i ij.io.8s Utt-aoai .naot




3 m os. en d .
C ross
N et
M
ar. 31. ¿1*
in
com
e.o a
e■arr
rr
n*in
1O
O
O
i
?
i
*
l
*
i
.
a
*
i igns .
1 8 98......... $6 66,«08 $176,116
1 8 9 7 .........
614,196
111,524
9 m os.
18 97 -8 ....$ 2 ,5 1 3 ,7 3 2 $913,843
1 8 9 6 -7 .... 2,285,332
743,724

O'.her
In com e.

In te rest,
ta x./»
es, etc.

$2,300
41,385

$ 2 i6 ,2 8 2
205,132

$12,194
55,851

$690,870
616,366

B a la n ce,

isuar.n.o^r d e f.
def.$47,866
d ef.52,223
sur.$235,167
aur.183,009

Loans and bills payable, $2,539; none on Sept. 30.—V. 66,
p. 343.
West V irgin ia & P ittsburg R y.—Receivers Appointed.—
Senator Johnson N. Camden and Clarence Cary were ap­
pointed receivers last week by Judge Goff. The road is
leased by the Baltimore & Ohio and defaulted on its April
coupons, as already announced.—Y. 66, p. 811.
Deposits o f Bonds.—Referring to the notice lately men­
tioned in this column from Brown, Shipley & Co. in Lon­
don, requesting deposits of bonds, Brown Brothers & Co. of
this city announce that the American holders may avail
themselves of the protection thus afforded by depositing their
holdings with them. The time allowed for deposits has been
extended to June 1.—Y. 66, p. 812,
—On May first Mr. Frank Ellis retired from the firm of
Irwin, Ellis and Ballmann, of Cincinnati, and the style of
the firm is changed to Irwin, Ballmann & Co.
—The general interest in the amendment to the New York
State Savings Bank law relating to savings bank investments
in railroad bonds has snggested to Messrs. Wilson & Steph­
ens, 41 W all Street, the publication of a list of the securities
affected by the change in the law. This list has been issued
by them in. .circular £oirm. and .IfiieyKwill sepd it on appli­
cation.
• ,'tbjseia ' ire r ’’itreb tv - 3J ai need eved

3 P % je

907

THE CHRONICLE.

May 7, 1898. J
© o m

m

je m

a l

C

3 £ x m je s ,

O

T

T

O

N

.

F riday Night , May 6, 1898.
T he Movement of the Crop , as indicated by our telegrams
COMMERCIAL EPITOME.
from the South to-night, is given below. For the week ending
F riday Night , May 6, 1898.
this evening the total receipts have reached 53,109 bales,
Following the news of Commodore Dewey’s decisive vic­ against 60,261 bales last week and 68,372 bales the previous
to ry over the Spanish naval forces in Asiatic waters and the week, making the total receipts since the 1st of Sept., 1897,
subsequent fall of Manila, the impression that the existing 8,327,964 bales, against 6,530,*29 bales for the same period o f
hostilities will be of short duration became fairly general, 1896-7, showing an increase since Sep.1,1897, of 1,797,235 bales.
and as a consequence an improvement in both _commercial
M on .
T u es.
W ed. T hurs.
F ri.
l o t a l.
Sat.
R eceip ts a t—
and financial circles has been apparent. Business in such
5
1
2
5
0
4
549
147
1 34
127
1 ,9 7 3
lines as had been materially interrupted by the war has G a lv e s to n ..........
583
583
shown some improvement, although merchants are still very
T e x . C ity , <feo. ......
...... ...... ......
conservative, awaiting more positive developments. Bread- N ew O r le a n s ... 8 ,3 1 0 4 ,6 5 8 2 ,4 8 0 1 ,9 2 7 2 ,0 9 9 1 ,0 3 3 2 0 ,5 0 7
stuffs, particularly wheat, have again attracted especial at M o b ile ............... 1 ,1 4 7
13
1 61
5
1,710327
57
tention, due to sensational advances in prices as a result of
the suspension of import duties on wheat by Franee, Italy S a v a n n a h .......... 2 ,0 4 9 1 ,8 7 9 1 ,1 7 2 1 ,2 1 9
1 ,2 3 4
8 ,2 9 1
738
and Spain and large purchases for export at extreme figures.
3 ,3 4 7
4 ,8 4 7
1 ,5 0 0
Crop accounts from both the West and the South have been C h a rle sto n .......
1
4
231
M 34
630
5 68
in the main of a favorable nature.
77
77
P t. R o y a l,& o .
....... ...... ...... ...... ......
S lock s o f M e rch a n d ise.

M a y 1,

18a8.
P ork . „ . . . . . . . . . . . . .
L a r d .......................
T obacco, dom estic
T obacco, fo r e ig n ..
Ooffee, R io .............
Coffee, other...........
Ooffee, J ava, & o ...
B a g a r .....................
B a g a r ..... .............
M olasses, fo r e ig n .
H id e s ..... . . . . . . . .
C o t t o n . ...............
R osin ......................
Spirits turpentine.
T a r ..... . . . . . . . . . . .
R ice, £ . I ............... .
B ice , d o m e stic. . . .
Linseed . . . . . . . ___
Saltpetre......... ....
Ju te bu tts.........
M anila h e m p .... .
Sisal hem p.............

........ bbls.

...........tes.
........hhds.
___ b ales.

.......bags.
.......bags.
...... mats.
...... hhds.
.bags, &o.
.......hhds.
........... N o.

....bales.
....... bbls.
........ bbls.
....... bbls.
.....b a g s.
.........bins.
....... bags.
. ....bags.
.....bales.
....bales.
___ bales.

17,911
17,427
13,995
7,738
420,224
71,044
100,658
198
498,055
None.
17,800
176,995
30,816

122

2,051
650
340
None.
4,000
None.
21,160
11,680

A p r il 1,

1898.
20,348
18,852
14,221
7,403
625,544
56,978
60,642
162
303,571
None.
30,000
1 9 0 ,8 2 1
34,675
328
2.184
3.000
4,500
None.
7,700

1.000

19,455
4,437

A p r il 1,

1897.
18,467
19,090
13,096
3,531
334,019
120,800
46.000
5,574
1,966,422
150
36,600
202,433
28,072
307
3,611
40.000
2,500
None.
17,750
None.
18,859
25,704

Lard on the spot has had a fair sale to refiners, and there
has been some export demand; prices have advanced, closing
steady at 6*15c. for prime Western, and 5’50c. for prime City.
Refined had a fair sale early iu the week, but the close
was quiet at 6’250. for refined fo r the Continent. Speculation
in the market for contracts has been only moderately active,
but prices have advanced in sympathy with the rise in grain
values. The close was easier.
D A IL Y CLOSING PRICKS OP LARD FUTURES.

M a y d e l i v e r y . . . ............. o.

Sat.
6 '0 5

M on.
6 -1 0

Tues.
W ed.
6*25
H ’d’y.

T h u rs. F r i.
6*32
6*25

Pork has had a fair sale at firm prices, closing at $10‘75@11
for mess. Cut meats has been higher. Beef has been in de­
mand and firm. Tallow has been firm but quiet at 3%@8%c.
Cotton seed oil has been firmer but quiet at 24^@25c. lor
prime yellow. Butter has had a fair sale at steady prices.
Cheese has been quiet but steady. Fresh eggs have been in
large supply and easier.
Brazil grades of coff ae have had only a limited sale, and
during the latter part of the week, under increased offerings
prices weakened slightly, closing at 6%c. for Rio No. 7 on the
spot. Mild grades have met with rather a slow sale, and
owing to large prospective supplies there has been some
pressure to sell, prices declining to 9 ^ c. for good Cucuta.East India growths have had a moderate sale in a jobbing
way and prices have been unchanged and steady at 25c. for
standard Java. Speculation in the market for contracts has
been quiet, and under realizing sales by longs prices have de •
din ed. The close was dull but steady. The following are
final asking prices :
.

5 -8 5 c. I A u g .. 5 ‘7 5 e. ] N o v _____________ . . . . —
M a y .................. .
J a n e . . . 5 -7 0 o. S e p t.......................... ..........5-75o. D e o .................
J u l y ..... 5 -7 0 c . 1 O c t ............. 5 8 0 o. I M a r .......................................

5*80o.
5 '8 5 o .
6 00o.

W ilm in g to n ....

423

261

233

2 89

308

260

1,779-

N o r fo lk ..............

370

8 87

955

515

928

500
1 ,2 2 6

285

71
81

......

1 71

......

6S4
4

204

2 85

320

295

1 ,0 7 7
343
177
1 ,2 3 0
943
212

4 ,7 3 2
348
1 ,4 3 2
2 ,9 9 7
943
1 ,4 5 6

T o t. th is w e e k 15,8 63

9 ,7 6 1

6 ,4 5 4

4 ,9 3 5

5 ,4 2 2 1 0 ,6 7 4

5 3 ,1 0 9 -

B o s to n ...............
B a lt im o r e .........
P h iladel’ a , & o..

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

......

142

The following shows the week’s total receipts,the total since
Sept-1,1897, and the stock to-night, compared with last year.
1897-98.
R eceip ts to
M a y 6.

G alveston...
T ex. C.,&c.
New Orleans
M ob ile.........
Savan nah ...
Br’ wlok.&o.
Charleston..
P.Royal,& c.
Wilmington.
Wash’n, &o.
N orfolk .......
N’p ort N.,&c
New Y o rk ...
B oston .........
B altim ore. .
Phlladel, &o.

This
w eek .

S in ce Sep.

1 ,1 8 9 7 .

1,973 1,891,242
583
97,099
20,507 2,570,508
1,710 *358,226
116,701
8,291 1,165,132
4,847 263,397
1,434 463,501
75,732
77
1,779 319,202
1,280
4,732 541,042
23,740
348
97,866
1,432
199,062
2,997
69,522
943
74,712
1,456

1896-97.
T h is
w eek .

S in ce Sep.

1 ,1 8 9 6 .

4,964 1,338,311
279 109,369
16,375 2,011,893
2,334 287,707
84,590
5,195 822,716
763 169,638
2,133 392,936
71,091
5,259
87 234,210
857
2,533 690,074
16,528
76
48,077
150
1,514 152,431
60,207
137
40,094
534

S tock.

1898.

1897.

240,886
19,449

43,2464,571
99 ,914
15,609*

35,398
272
10,320

23,604
577
20,059

11,503

4,578

41,050
3,313
192,923
27,000
14,126
9,198

14,097

51,252

T ota ls....... 53,109 8,3 27,9 61 42,333 6,530,729 656,690
* 2,924 bales added as correction o f receipts since Sept. 1.

181,164
9,000
13,300
6,101
435,819-

In order that comparison may be made with other years,
we give below the totals at leading ports for six seasons.
R eceip ts a t—

1898.

1897.

1896.

1895.

1894.

Galves’n.& c.
New Orleans
M obile..........
S avannah. . .
Ohas’ ton, &c.
Wilm’ton, &o
N orfolk ........
News, &o.
A ll o th e r s ...

2,556
20,507
1,710
8,291
1,511
1,779
4,732
348
11,675

5,243
16,375
2,334
5,195
7,392
87
2,533
76
3,098

7,671
11,784
412
6,569
533
1,473
4,679
698
3,512

7,658
16,169
273
2,31»
399
41
1,332
1,363
12,347

4,078
6,440
623
4,112
851
71
2,305
891
8,479

Tot. this w k.

53,109

42,333

37,331

41,900

27,850

1893.
4,279
10,619
33&
4,153
760
390
2,364
1,435
5,814
30,150

Since Sept. 1 8327.964 6530,729 5052,782 7687,266 5748,092 4321,536

Raw sugars have been easier, refiners being indifferent
The exports for the week ending this evening reach a total
buyers, owing to their large stocks on hand, and prices have of 116,294 bales, o f which 62,942 were to Great Britain, 5,431
weakened to 4 3-16c. for centrifugals, 96 deg. test, and 3%c. to France and 47,931 to the rest of the Continent. Below
for muscovado, 89-deg. test. Refined sugar has been quiet are the exports for the week and since Sept. 1, 1897.________ I
and unchanged at 5 7-16c. for granulated. Teas have been
From Sept. 1,1897, to May 0,1898,
Week Ending May 0,1898.
Exported to—
Exported to—
easier. Other staple groceries have been firm.
Exports
Kentucky tobacco has been in fair demand and firm. Of­
Conti­ lo ta l
Great France Conti­
from —
Great
Total.
France
ferings have been light. Seed leaf tobacco has been firm but
nent.
nent. Week. Britain.
Brril'n.
quiet.
Sales
for the weekwere
625 cases,including
600
744,312
288,893
417,460
808
1,450,665.
803
Galveston......
bales Havana at 50c. to $1 10 in bond, and 300 bales Su­ Tex. City, &c..
21,317
179
9,858
31,175
179
matra 70c. to $1 70, in bond.
New Orleans.. 40,382 5,400 13,733 59,515 992,581 389,607 723,238 2,105,426Straits tin has had a moderate sale and prices have held
73,574 217,303
5,093 6,693 143,731
39,535 111,091
72,156
firm in response to favorable foreign advices, closing at 14'65 Pensacola......
32,547
007,501
73,740
713,848
5,275 5,275
@14*75c. Ingot copper has been in demand and firm, with Savannah........
87,113 239,908
7,888 7,883 152,795
offerings limited, closing at 123^@'2%c. for Lake. Lead has' Brunswick.. ..
233,903
83,489
1,250
1,250
317,452
C
harleston....
been quiet and about steady, closing at 3-70@3-72^c. for do
8,500
57,972
00,472
mestic. Spelter has been quiet and unchanged at 4 20@4,30c. Port R o ya l....
117,689
175,907 293,656
for domestic. Pig iron has been moderately active and W ilm ington...
25,844
00,934
50
50
88,778
•steady at 9-75@11'750. for domestic.
200
11,299
4,132
15,031
228
N’ port N., &c..
228
Refined petroleum has been higher, closing at 6c. in New Y ork ....... 4,277
31 8,003 10,311 288,823 40,556 227,951 603,330
bbls., 3’50c. in bulk and 6 65c. in cases; naphtha quiet at 5'50c.
5,270 202,687
13,797 257,417
13,797
Crude certificates have been higher, closing at 853^c. ; credit B altim ore....
84,372 2,888
97,821 185,081
3,906 7,935
4,029
balances have been advanced to 80c. Spirits turpentine has Philadelphia..
14,204
.229
1.450
15,654
229
6,027
been quiet and easier, closing at 32@32%c. Rosins have had San Fran., &c.
3,141 3,141
120,578 126,605
a moderate sale at steady prices, closing at $1 42J£@$1 45 for
82,942 5,4 $1 47,931 110.294 3.171.399 700/91 2,871.274 0,803,364
cotpmon andligoed. straipad. IW o o l has been steady. Hops
Total,
1890-97.
33,011 7,898 80,836 101,544 2,895,739 085,620 iwiiTysia
have been in better demand and steady.
..aoi.tao




T

THEJfcCHïtONlCLE,

908

fVOL. L X V i* .

.In addition to above exports, our telegrams to-night also
T he Sales a n d P rices of F utures at New York are
give us the following amounts of cotton on shipboard, not shown in the following comprehensive table.
oleared, at the ports named. W e add similar figures fo i
3
► 3
et
qwgp®
New York, which are prepared for our special use by Messrs.
Q.¡s«a
A*SP|
® sr
a
Q
go SfaE.fr m à
m
§6-¿
2£e |! § 2 e
od.
ES
Lambert & Barrows, Produce Exchange Building.
a o ® P1 s
ob ® ® Pi 512 ® 6* a a ® 2
w
©
®
®
od ® a>£
*
E*® QB Pi
c®
»
s
»
e*®
®
I
?
*
p ODp OD*
fP S 1 M
P OB^. fi»
ON SHIPBOARD, n o t c l e a r e d f o r —
*■ 2SE - so 3 -2
L ea vin g
•O ¿
«YU
■
í¡>
M
•
»
efs.S'S5
M ay 6 at
G rea t
stock,.
S i* •
■•
*•
O ther
Ooasta® ; 5
SES ' PEg-S
i£ p
sp-l i
Total.
® E . O »R «05 : EEK
B r ita in . F r a n c e . F o re ig n w ise.
¡Tr.
»<)
►
»
i
•
to
So
.
: 3: *«
»9
‘
a
1 1 ,5 4 7
N e w O r le a n s .. .
2 0 7 ,8 9 4
7 ,9 6 6 1 3 ,1 4 0
3 2 ,9 9 2
0: 1 6:
339
; 5: w 8:
® ®
3
« .
810
G a lv e s t o n ___ _
3 8 ,2 9 7
4 ,1 8 4
7,9 6 1
1 2 ,9 5 5
N on e.
® ®

N e w Y o r k .........
O th er p o r t s ___

N one.
N on e.
6 ,7 0 0
N on e.
3 .0 0 0
8 .0 0 0

T o t a l 1 8 9 8 ...

5 0 ,0 5 7

1 3 ,1 5 0

37,3 51

1 6 ,4 9 4

9 7 ,0 5 2

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

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

7 ,2 3 5
343

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

7 ,9 4 9
6 ,8 3 2

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

C h a r le s t o n .......
M o b i l e ................

N on e.
N on e.
N on e.
N on e.
1 ,0 0 0
N on e.

3 .0 0 0
N on e.
N on e.
2 ,2 5 0
6 .0 0 0
5 ,0 0 0

N on e.
500
N on e.
1 5 .6 5 5
N on e.
N on e.

3 ,0 0 0
500
6 ,7 0 0
1 7 ,9 0 5
1 0 ,0 0 0
1 3 ,0 0 0

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

j| Speculation in cotton for future delivery has been quiet
and no changes of a radical nature have occurred in values.
The outstanding interest in the market appears to be small,
and; as a consequence a few orders either way have been
sufficient to depress or advance prices several points. Satur­
day there was a steady market at the opening, in response to
foreign advices. Toward the close, however, selling by a
few room traders and the absence of buyers weakened
prices, and the close was lower.
Monday there was a
dull, featureless market, neither buyers nor sellers being
aggressive, and changes in values were slight.
Tues­
day there was only a small speculation, but limited
offerings, prompted by favorable weather conditions at
the South for the new crop and talk of the possibilities of
an early ending of hostilities, had a weakening influence, and
prices declined 7 to 10 points for the day. Wednesday was
observed locally as a holiday. Thursday the market was
easier early in the day in response to weaker foreign advices.
Subsequently, however, on a demand from a few local shorts
to cover contracts, stimulated by reports of a cold wave in
the Southwest and sympathy with sharp advances in other
speculative markets, there developed a stronger tone and
prices advanced rather sharply, owing to the absence of sell­
ers, closing 7 to 11 points higher for the day. To-day the
market was firmer on limited buying by local shorts to cover
contracts, stimulated by stronger foreign advices and further
talk of less favorable weather condi¡ions in the Southwest.
The close was steady at an advance of 3 to 4 points for the
day. Cotton on the spot has been steady, and on Thursday
prices were advanced l-16c. To-day the market was quiet
and unchanged, closing at 6%c. for middling uplands.
The rates on and off middling, as established Nov. 17, 1897,
by the Revision Committee, at which grades other than
middling may be delivered on contract, are as follows.
F a ir ............... ........................... o.
Ion
G o o d O r d i n a r y . . . . . ..........c . 1 % ofl
M id d lin g F a ir ............................ l i , 3 o n G o o d M id d lin g T in g e d ........ E v e n
S tr ic t G o o d M id d lin g ............
3g o n S tr ic t M id d lin g S ta in e d ___ 732 ofl
G o o d M id d lin g ...............................
% o hM id d lin g S t a i n e d . . . . . . . . . . . 7, 6 off
S tr ic t L o w M id d lin g ............. s 16 o ff S tr ic t L o w M id . S t a i n e d ... 1 % o ff
L o w M id d lin g ........tv. ........... 7i6 o ff L o w M id d lin g S ta in e d ........ l * s o ff
S t r ic t G o o d O r d in a r y ..................
% o ff

On this basis the official prices for a few o f the grades fo r
the past week—April 30 to May 6—would be as follows.
U PLAND S.

S a t.

G o o d O r d in a r y ..............................
L o w M id d lin g .................................
M id d lin g ...........................................
G o o d M id d lin g ...............................
M id d lin g F a ir .................................
GULF.
G o o d O r d in a r y ..............................
L o w M id d lin g .................................
M id d lin g ...........................................
G o o d M id d lin g ...............................
M id d lin g F a ir .................................
S T A IN E D .

M on T ues W ed

5 l5 ie
6%
60s
7%fi

5% e
5 7a
6 Bi«
6 9ie
7

ai
'Ö
O

tì

F r i.

5%
5 l Bie
63s
ß 8»
7%

5%
515,0
638
658
7% 0

S a t.

M on T ues W ed

Tb.

F r i.

5%
6% «
68s
678
7 àie

5 b18
5 5ie
6%
6%
6 9 i*
6 9 i«
61^16 613; 6
7%
7%

5%
«3 ,0
65s
6 78
75, «

53e
63,0
65s
6 78
75,0

T b.

F r i.

cd
»d
o

tu

M on Tues W ed

S a t.

L o w M id d lin g .................................
M id d lin g ...........................................
S tr ic t M id d lin g ..............................
G o o d M id d lin g T in g e d ...............

5% e
5 78
6 5ie
6 »i6
7

T b.

4%
5I616
6 b32
63g

4 H lf
5 78
6^2
6 B16

4 « l te
5 78
H oli633a d a y .
6*1

4%
515,0
6°S2
6%

4%
Ö ls ,,
65S2
6%

The quotations for middling upland at New York on
May 6 for each of the past 32 years have been as follows.
1 8 8 2 . — C.12%
1 8 9 8 ..
.. 0 . 6 % 1 8 9 0 . .. .0 .1 2
1 8 7 4 ___ e.1 7 %
1 8 8 1 . — .1 0 9 ,0
1 8 7 3 ......... 1914
1889.
1 8 9 7 .......... 76 b
1888. ....1 0
1 8 8 0 . . . . . 1 U 3 16 1 8 7 2 ......... 2 3 %
1 8 9 6 .......... 8 %
1 8 9 5 .......... 61316 1 8 8 7 . — .1015,8 1 8 7 9 . . . . . 1 2 %
1 8 7 1 ..........1 5 %
1 8 8 6 . . . . . 95,fl
1 8 7 8 . ........105g
1 8 7 0 ......... 2 2 %
1 8 9 4 .......... 7 %
....1
0
1
3
1fr
1877. ....H i e
1 8 6 9 ..........2 8 %
1 8 9 3 .. . . . . 713,6 1 8 8 5 .
1 8 7 6 . — .1 2 %
1 8 6 8 ..........3 2 %
1 8 9 2 .......... 75i6
188 4 . ....1 1 %
1 8 8 3 . . . . . 1 0 78
1875. ....1 6 %
1 8 6 7 ..........27
1 8 9 1 ......... 8 7b
P>No t b .—O n O ct. 1 ,1 8 7 4 , g r a d e s o f c o t t o n as q u o t e d w e r e c h a n g e d .
A c c o r d in g t o t h e n e w cla s s ific a tio n M id d lin g w a s o n th a t d a y q u o t e d
Sec. l o w e r t h a n M id d lin g o f th e o ld cla ss ific a tio n .
M A R K E T A N D SALES.

B at’ d a y..
M onday.
Tuesday
W ed ’day
T h 'd a y ..
F g â a y .i

E x­
p o r t.

Q u ie t ...........
Q u iet a t i „ d e c .
Q u ie t ....................

1 ,0 1 8
300
300

Q u iet a t i , e ad v.

300
300

C on - Spee- C on ­
su m p . u l’ t'n tract.
60

....

Total.

1,0 1 8
1 2 ,9 0 0 1 3 ,2 6 0
3 ,COO 3 ,3 0 0

S a les o f
F u tu res .
4 4 ,8 0 0
5 1 ,0 0 0
8 7 ,7 0 0

. . H o ii d a y .

T o t a l..




2 ,2 1 8

700
iOO

3&"0 S;
410

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" In o lu a e s sa e s in S e p te m b e r, fo r September, 8 4 ,9 0 0 ; S e p te m b e rO e to b e r, f o r O c to b e r , 3 7 5 ,2 0 0 ; S e p te m b e r-N o v e m b e r, f o r N o v e m b e r ,
3 1 8 ,1 0 0 ; S e p te m b e r-D e o e m b e r, f o r D e c e m b e r . 1 ,1 8 1 .4 0 0 ; S e p te m b e x J a n u a ry , f o r J a n u a r y , 3 ,9 7 9 ,6 0 0 ; S e p te m b e r-F e b ru a ry , f o r F e b r u a r y ,
1 6 1 ,3 0 0 ; S e p te m b e r-M a rcb , f o r M a rch , 2 ,8 7 8 ,4 0 0 .

The following exchanges have been made during the week •

SALES OF SPOT AND CONTRACT.
CLOSED.

0)

OOm «J a © n
§f «g© H ^ C*oo>©

1 ,0 0 0
750

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

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

3 3 2 ,6 0 0

•02 p d . to e x o h . 1 0 0 O ot. f o r N o v .
•04 p d . t o e x o h . 1 0 0 J u ly f o r A u g .
•14 p d . t o e x o h . 3 0 0 M ay f o r A u g .
•07 p d . t o e x o h . 1 ,3 0 0 A u g . f o r J a u .
•03 p d . t o e x o h . 3 0 0 J u ly f o r A u g .
•01 p d . t o e x o h . 1 0 0 A u g . f o r O ot.
•04 pd. t o e x o h . 1 0 0 O ct. f o r N o v .
•12 p d . t o e x o h . 4 0 0 M a y f o r A u g .
0 6 pd. t o e x o h . 1 ,5 0 0 A u g . f o r j a n .

*06 p d . to e x o h . 5 0 0 S ep t, f o r J a u .
*06 oO. to e x c h , 2 0 0 O c t. f o r J a n .
'0 8 p d . t o ex o h . 2 0 0 J u n e f o r A u g .
E v e n 7 0 0 A n g . f o r O ö t. ’ - '
' l l pd. to exoh . 100 M ay fo r A u g.
0 4 p d . t o e x o h . 1 ,3 0 0 A u g f o r J e n .
•12 p d . t o e x c h . 2 0 0 M a y f o r A u g .
•01 p d . t o e x c h . 4 0 0 O ot. f o r A u g .
*08 p d . t o e x o h . 3 0 0 J u n e f o r O ot.

T he Visible Supply of *CoiroN' to-night, as made u p -b y
cable End telegraph is as follows. Continental stooksy as well
as those for Great Britain and the afloat are this week’s re-

cabiè ai

Ma y

THE CHRONICLE.

7 , 1818. J

turns and consequently all European figures are brought down
to Thursday evening. But to make the total the complete
figures for to-night (May 6), we add the item of exports from
the United States including in it the exports o f Friday only.
1898.
1897.
1896.
1895.
S took a t L iv e r p o o l.......b a le s. 1,253,000 1,176,000 1,112,000 1,680,000
S tock a t L o n d o n .....................
3,000
6,000
4,000
8,000
T o ta l G reat B ritain stock . 1,256,000 1,182,000 1,116,000 1,688,000
S took at H a m b u rg ...................
1 2 ,0 0 0
19,000
28,000
25,000
S tock at B re m e n ....................... 352,000
178,000 225,000 338,000
Stook at A m sterd am .............
2 ,0 0 0
4.000
9,000
2 0 ,0 0 0
S took at R o tte r d a m .................
300
300
200
200
S took a t A n tw erp .....................
1 0 ,0 0 0
10,000
21,000
18,000
S tock at H a vre..........................
263,000
2 0 6 ,0 0 0
295,000 487,000
4,0 00
5,000
7,000
5,000
S tock at M arseilles..................
S tock at B arcelon a.................
95,000
79,000
9 i,0 0 0 104,000
Stook a t G en oa..........................
54,000
51,000
82,000
46,000
Stook at T rieste........................
4,000
15,000
29,000
17,000
T ota l C ontinental stock s.. 796,300 567,300 790,200 1,060,200
T o ta lE u r cr o e a n sto c k s.... 2,052,300 1,749,300 1,906,200 2,748,200
In d ia co tto n anoat fo r E u rop e
99,000 120,000 138,000 159,000
A m er.ootton afloat fo r E u rop e
276,000 309,000 237,000 270,000
E gypt,B razil,& o.,aflt.forE ’ p e
26,000
2 6 ,0 0 0
24,000
30,000
S tock in United States p orts .
656,690 435,819
414,500 644,765
S tock in U. S. in terior tow ns..
282,365 144,401
209,770 148,553
U nited States ex p o rts to-d a y .
22,519
10,991
4,872
4,740
T ota l v isible su n p lj ....... . 3,414,874 2,795,511 3,934,342 4,005,258
O f tk e a b o v e , tota ls o i A m erican and other descrip tion s are as follow s:

American—
L iverp ool stook............. b a le s. 1,153,000 1,026,000 95 0,00 01,5 72,0 00
C ontinental sto o x s...................
745,000
486,000
661,000 9 7 7 , 0 0 0
A m erioan afloat fo r E u r o p e ..
276,000 309,000
237,000 2 7 0 , 0 0 0
656,690
435,819
414,500 644,765
United States sto ck .................
U nited States interior sto ck s.
282,365 144,401
209,770 148,553
U nited States e x p o rts to -d a y .
22,519 10,991
4,872
4,740
T o ta l A m erioan ................... 3,135,574 2,412,211 2,477,142 3,617,058
E a st In d ia n , B ra zil, die.—
L iv e rp o o l stook ........................
100,000
150,000
162,000 108,000
L on d on stook.............................
3,000
6,000
4,0 00
8,000
C ontinental stock s...................
51,300
81,300
129,200
83,200
In d ia afloat fo r E u rop e..........
99,000
1 2 0 ,0 0 0
138,000 159,000
E g y p t, B razil, <feo., afloat.......
26,000
26,000
24,000
30,000
T o ta l E ast India, & o......... 279,300 383,300 457,200 388,200
T o ta l A m erioa n ...................3,135,574 2,412,211 2,477,142 3, 617,058
T o ta l v isible s u p p ly ........."3,414,874 2,795,511 2,934,342 4 005,258
M iddling Upland, L iv e rp o o l..
3 0 7 . d.
473 d.
471ed.
35sd.
M iddling Upland, N ew Y o rk .
63sc.
711 iqo.
8516o.
6% o.
E g y p t G ooaB row n , L iverp ool
4% d.
5*4d.
65led.
6 78d.
Peruv.B ough G ood, L iverp ool
6 7sd.
63,0d.
6 »,«d .
6 53a.
3»ied4532d.
4*sd.
B roach Fine, L iverp ool..........
3 » i 0d.
T ln n ev elly G ood , L iv e r p o o l..
3 »ihd.
43ls d.
4*sd.
S^d.

Jggr Imports into Continental ports past week 103,000 bales.
The above figures indicate an increase in the cotton in sight
to night of 619,363 bales as compared with the same date
of 1897, a gain of 480,532 bales over the corresponding date
o f 1896 and a decrease of 590,384 bales from 1885.
A t th e I n ter io r T ow ns the movement—that is the receipts
for the week and since September I, the shipments for the
week and the stocks to-night, and the same items for the
corresponding period o f 1896-97—is set out in detail below.

onosm a

Week e n d in g
M a y 6.

S a tu r.

G a lv e s t o n . .
N ew O rlea n s
M o b i l e ..........
Savannah. .
C h a rle sto n ..
W ilm in g to n .
N o r f o l k ........
B o s t o n ..........
B a lt im o r e ...
P h ila d e lp h ia
A u g u sta ........
M e m p h is ....
St. L o u i s . . . .
H o u s t o n ___
C in c in n a t i..
L o u is v ille ...

5*
5\
5%
5\
53t
6J4
6*8
6^8
6 5ie
6^8
..........
5 7s
5 78
5%
6
6%

909
q u o t a t io n s f o b m i d d l i n g c o t t o n o n —

M on .

T u et.

5%
5^4

5 l l ia
5 U le
5%
5 U ia
S>\
6*4
6*8
6»78
6 5ie
6®i#
6
5 7s
5 78
53t
6
6

5^
5\
6^4
6*8
63a
6 5ia
6 »ia
6
5 78
5 78
5%
6
6

6
A thens..............
1Colum bus, M iss
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Q uotations

fo r

M idd lin g C otton

at

O th e r M a rk e t s —

Below are closing quotations o f middling cotton at Southei n
and other principal cotton markets for each day o f the week.




N ashville
N a tch ez. . . . . . .
R a le ig h ............
S h r e v e p o r t.....

eek a n d

58a
5*a
583

5*16

Singe S e p t , 1.—

1897-98.
Week.
Skipped—
Via St. L o u i s . . . . . ......................
V ia C a iro ................................ .
Via P a r k e r ......... .............
Via R ook Island............................
Via L ou isv ille ................................
Via C in cin n ati..........................
Via o th e r rou tes, &o....................
T ota l g ross ov e rla n d ................
Deduct shipm ents—
O verland to N. Y ., B o ston , & c ..
B etw een in terior to w n s..............
In la n d , & o., fr o m S outh..............

8,036
5,536
198
2,138
1,261
987

Since
Sept. 1.
803,759
357,967
30,498
46,471
122,279
137,694
146,338

18,156 1,645,006
441,162
29,463
40,674

12,940

Week.
5,012
1,933
1,078
116
É02
866
290

Since
Sept. 1.
501,267
258,491
17,464
13,584
131,464
133,108
101,208

9,997 1,158,586
300,809
4,209
37,462

511,299

3,197

342,480

Leaving to ta l n et ov erla n d *..
5,216 1,133,707
* Including m ovem en t b y ra il to Canada.

6,800

816,106

T ota l to be d ed u cted .............. .

6,828
5,070
1,042

1896-97.

2,335
12
850

The foregoing shows that the week’s net overland movement
this year has been 5,216 bales, against 6,800 bales for the
week in 1897, and that for the season to date the aggregate net
overland exhibits an excf ss over a year ago of 317,601 bales.
I n Sight an d Spinners’
Takings.

Nf-rth’ n sp in n e rsta k ’ gs to M ay 6..
* D ecrease d uring w eek.
C3» »—103

538
5«8
5*3
53*

M ay 6.

Came in to sig h t d u rin g w eek.
T otal in sigh t M ay 6 ................

tO M

F ri.

We give below a statement showing the overland movement
for the week and since Sept. 1, as made up from telegraphic
reports Friday night. The results for the week ending
May 6 and since Sept. 1 in the last two years are as follows.

T o ta l m a r k e te d .............
Interior stock s in e x c e s s .. . . . . . .

C*3W

T h u rt.

5 l l ia
5**16
5**76
5**78
5**16
5**16
5%
5%
5V
5 ili«
5**76
N om in ai. N o m in a l. N o m in a l
6*4
6*8
6*8
6*8
6*8
6*8
6%
6®is
6518
687 «
64
6*4
6
6
6
5 78
5 7s
5 7a
5 7a
5 78
5 78
58s
5*8
5**16
6
6
6
6
6
6

The closing quotations to-day (Friday) at other im portant
Southern markets were as follows.

R eceipts at p orts to May 6............
Net ov erla n d to M ay 6..
Southern con su m p tion to M ay 6..

Ci*

W ed n et.

■

1897-98.
Week.

Since
Sept. 1.

53,109 8,327,964
5,216 1,133,707
21,000 783,000

1896-97.
Week.

Since
Sept. 1.

42,333 6,530,729
6,800 816,106
17,000 70 6,000

79,325 10244671 66,133 8,057,835
*23,827 237,289 *27,519
23,807
55,498

38,614
10481960

8,076,642

684 2,028,946

18,915 1,533,372

W eather R eports by T elegraph .—Our telegraphic ad­
vices from the South this evening indicate that the weather
has been more favorable as a rule the past week, but there
are complaints from some points that the temperature is too
low. In a few districts of Texas and Arkansas the precipita­
tion has been quite heavy, but generally the rainfall has been
light, and along the Atlantic moisture is said to be needed.
Our correspondent at Mobile reports the stand poor and
growth slow.
, ,
Galveston, Texas.—There has been no rain here during the
week. The thermometer has averaged 67, the highest being
78 and the lowest 57. April rainfall three inches and five
hundredths.
Palestine, Texas.—W e have had rain on one day of the
week, the rainfall reaching twenty-eight hundredths of an
inch. The thermometer has averaged 63, ranging from 50 to
86. April rainfall one inch and forty-three hundredths.
Huntsville, Texas.—There has been rain on one day during
the week, to the extent of forty five hundredths of an inch.
The thermometer has ranged from 50 to 83, averaging 67.
April rainfall five inches.
Dallas, Texas.—We have had rain on three days of the
week, the rainfall reaching two inches and seven hundredths.
Average thermometer 69, highest 90. lowest 48.
San Antonio, Texas.—W e have had rain on one day during
the week, the precipitation being twenty-two hundredths of
an inch. Minimum temperature 54. April rainfall one inch
and forty-six hundredths.
Luling, Texas.—W e have had rain on one day of the past
week, to the extent of ninety hundredths o f an inch. The
thermometer has averaged 70, ranging from 52 to 88.
Columbia. Texas.—There has been only a trace of rain the
past week. The thermometer has ranged from 54 to 84, aver- x
aging 69.

910

THE CHRONICLE.

Cuero, Texas.—Sain has fallen on three days of the week,
to the extent of one inch and thirty-six hundredths. Average
thermometer 78, highest 87 and lowest 68.
Brenham, Texas.—There has been rain on three days dur­
ing the week, to the extent of two inches and ten hundredths.
The thermometer has averaged fc9, the highest being 86 and
tjie lowest 51.
Corpus Christi, Texas.—It has been dry all the week. The
thermometer has ranged from 74 to 80, av< raging 77. April
rainfall, two inches and forty one hundredths.
Weatherford, Texas.—W e have had rain on four days dur­
ing the v eek, to the extent of three inches and thirty-eight
hundredths. Average thermometer 66, highest 85, lowest 46.
New Orleans, Louisiana.—The week’s rainfall has been one
hundredth of an inch on one day. The thermometer has
averaged 74. April rainfall two inches and eighty hun­
dredths.
Shreveport, Louisiana.—There has been rain on two days
during the week, to the extent of one inch and thirty five
hundredths. The thermometer has averaged 74, ranging
from 60 to 87. During the month o f April the rainfall
reached two inches and twenty-eight hundredths.
Columbus, Mississippi.—W e have had rain on two days
during the week, the rainfall being forty hundredths of an
inch. The thermometer has ranged from 52 to 90, averaging
70. April rainfall three inches and eighty-five hundredths.
Leland, Missisiippi.—The week’s rainfall has been one inch
and forty hundredths. Average thermometer 67’4. highest
81, lowest 48. April rainfall two inches and sixty-five hun­
dredths.
Vicksburg, Mississippi.—W e have had rain on two days
during the week, to the extent of sixty-three hundredths of
an inch. The thermometer has averaged 71, the highest be­
ing 84 and the lowest 60. April rainfall tw o inches and
eighty-three hundredths.
Little Rock, Arkansas —The week’s rainfall has been three
inches and forty-five hundredths, on four days. The ther­
mometer has averaged 71, ranging from 52 to 86.
Helena, Arkansas.—The weather was warm all the week
until Thursday night, but we are having too much rain.
There has been rain on two days, to the extent of one inch
and fifty-six hundredths. The thermometer has ranged from
52 to 79, averaging 67 "3. April rainfall three inches and
ninety-nine hundredths.
Memphis, Tennessee.—The weather has been warm and
favorable for farm work, which has made good progress, but
this morning was too cool. It has rained on three days of
the week, the rainfall being one inch and forty-sight hun­
dredths. Average thermometer 63‘2, highest 83-5 and lowest
51. April rainfall two inches and thirty hundredths.
Mobile, Alabama.—Stands are generally poor and growing
slowly. Considerable replanting has been done. Rain and
warm nights badly needed. There has been rain on one day
o f the week, to the extent of four hundredths of an inch. The
thermometer has averaged 72, ranging from 59 to 84. April
rainfall two inches and sixty-one hundredths.
Montgomery, Alabama.—There has been no rain during the
week until to-day. Crops are doing well. The thermometer
has ranged from 58 to 92, averaging 74. April rainfall four
ipches and thirty one hundredths.
Selma, Alabama.—W ehavehad rain on onedayof the week,
the rainfall reaching thirty-three hundredths of an inch.
Average thermometer 64, highest 93, lowest 53.
Madison, Florida.—Ihere has been no rain the past week.
Stands in general are poor on account of drought. Moisture
is badly needed. The thermometer has averaged 78, the
highest being 94 and the lowest 62.
; Savannah, Oeorqia.—There has been no rain the past week.
The thermometer has ranged from 55 to 94, averaging 75.
April rainfall two inches and forty-six hundredths.
Augusta, Georgia.—W e have had dry weather all the week.
Average thermometer 70, highest 92, lowest 49. April rain­
fall four inches and ninety-six hundredths.
Charleston, South Carolina.—W e have had dry weather
all the week. The thermometer has averaged 73, the highest
being 89 and the lowest 59.
Stateburg, South Carolina.—Nights are now warmer. In
fact, generally the weather is more seasonable and favorable
to growth. We have had no rain the past week. The ther­
mometer has averaged 73, ranging from 51 to 92. April
rainfall five inches and sixty-five hundredths.
Greenwood, South Carolina.—There has been no rain dur­
ing the week. The thermometer has ranged from 61 to 89,
averaging 75.
The «ollowingstatement we have also received by telegraph,
showing the height o f the rivers at the points named at
8 o’clock May 5, 1898, and May 6, 1897.

New O rlean s.......
M em p h is..............
N ashville............ .
S h rev ep ort...........
V ick sbu rg............ ......... A b o v e zero o f gauge

M ay 5, ’ 98.

M ay 6, ’ 97.

Feet.
16-7
20 3
90
5-7
45*5

Feet.
19 3
30 3
16-4
11-3
51-5

G overnment W eekly Cotton R eport .—Mr. W . L. Moore,
Chief of the Weather Bureau of the Agricultural Depart­
ment, made public on Tuesday the following telegraphic
reports on the crops in the Southern States for the week
ending May 2.
V irginia..—G e n e r a lly c o l d a n d r a in v w e e k , w it li lig h t t o h d b v y
f r o s t s in m id d le a n d v a l l e y s t a t i o n s ; a ll c r o p g r o w t h ch e ck e d .
North Carolina.—S e v e r e g a le s , w it h c o ld r a in a n d s le e t W e d n e s ­




[ V o l . LXTV1,

d a y a n d T h u rsd a y , v e r y u n fa v o r a b le , g r o u n d ch ille d , g e r m in a t io n a n d
g r o w th c h e c k e d ; y o u n g c o t t o n n o t lo o k in g w e ll, so m e k i l l e d ..
South Carolina.—U n fa v o r a b le , t o o w e t a n d c o o l ; h e a v y f r o s t
T h u rsd a y k ille d s o m e c o t t o n a n d c h e ck e d g r o w t h ; c o t t o n a n d c o m
l o o k y e llo w a n d h a v e p o o r s ta n d s g e n e ra lly .
Georgia.—F irs t fe w d a y s c o ld , w e t a n d u n fa v o r a b le , b u t w a rm su n ­
shine fo llo w in g ha s b e e n m o s t b e n e ficia l t o a ll c r o p s ; cotton im p r o v ­
in g s lo w ly , b u t p o o r s ta n d , c h o p p in g ge n e ra l.
F lorida.—First of week abnormally cool, with light frost in north­

ern portions; showers to goodly rains in western and northern
counties; cotton-planting resumed; general rains needed.
A labama —Cool winds greater part of week unfavorable for all
crops; warm and favorable last two days; cotton coming up very
slowly, inferior stands and considerable replanting necessary.
Mississippi.—F a v o r a b le f o r fa rm w o r k ; c o t t o n a n d c o r n s m a ll a n d

r e t a r d e d b y c o o l w e a th e r. M u ch c o t t o n t o p la n t.
Louisiana.—First half week very cool, injuring

crop growth; last
half warmer, with showers in northwest portion, favoring growth;
showers needed in south portion; cotton-seeding continues, stands
fair, some chopping.
Texas.—W e a th e r g e n e r a lly fa v o r a b le f o r g r o w th o f v e g e t a t io n , but
r a in w o u ld b e b e n e ficia l in m a n y l o c a l it i e s ; o v e r n o r th p o r t io n n ig h ts
t o o c o o l ; fa r m w o r k h a s b e e n p u sh e d v i g o r o u s l y ; c o t t o n m a k in g
ra p id g r o w th , c r o p g e n e r a lly cle a n e d o u t o v e r s o u th e rn a n d ce n tr a l
p o r t io n s a n d p la n tin g w e l l a d v a n c e d o v e r n o r th e r n p o r t io n s , w it h
e a r ly -p la n te d c o m in g u p t o g o o d s t a n d ; lic e d a m a g e d p la n t in f e w
p la c e s .
A rkansas.—Nights too cool; otherwise weather favorable for
growth and cultivation of crops ; cotton-planting completed in so u th ­

ern sections and plant is coming up slowly to a good stand.
T ennessee —F irs t o f w e e k c o o l a n d r a in v w ith lig h t f r o s t s ;

la tte r
p a r t g e n e ra lly fa v o r a b le a n d p la n tin g p ro g re s s e d fa s t as soil c o n ­
d itio n s p e r m i t t e d ; c o t t o n -p la n tin g p ro g re s s e d w e ll, m o s t o f a re a in
a n d so m e c o m in g u p , b u t n e e d s w a r m th f o r p r o p e r g r o w th ; a v e r a g e
a r e a p la n te d .
Oklahoma.—W e a th e r c lo u d y a n d c o o l ; h ig h s o u th w in d s a n d heavy
r a i n s ; s e a s o n s till v e r y b a c k w a r d ; c o t t o n p la n tin g d e la y e d by cold
w e a th e r.
Missouri.—W e e k m o r e f a v o r a b le f o r w o r k ; c o t t o n p la n tin g p r o ­
g r e ss in g ; e a r ly m a k in g g o o d sta rt.

These reports on cotton are summarized by the Depart­
ment as follows:
E x c e p t in T e x a s , th e r e p o r t s c o n c e r n in g c o t t o n in d ic a te th a t it h a s
co m e u p t o p o o r sta n d s g e n e ra lly , a n d th a t i t h a s m a d e s lo w growth
d u rin g th e w e e k , w h ile in th e C a r o lin a s th e c r o p h a s su ffered injury
f r o m fr o s t . C o n s id e ra b le p la n tin g r e m a in s y e t t o b e d o n e in M issis­
s ip p i, but th e b u lk o f th e c r o p is n o w p la n te d . I n T e x a s cotton h a s
m a d e ra p id g r o w t h o v e r t h e c e n tr a l a n d s o u th e rn p o r t io n s o f t h e
S tate, a n d i t is c o m in g u p t o g o o d s ta n d s in t h e c e n tr a l and northern
p o r t io n s .

Manchester Market .—Our report received b y cable
to-night from Manchester states that the market is dull but
steady for both yarns and shirtings. Manufacturers are
generally well under contract W e give the prices for to-day
below and leave those for previous weeks of this and last year
for comparison.
1898.

1897.

8 1* lbs. Shirt- OoWn

8*4 lbs. Shirt- Oott’ n

32s Oop. ings, common Mid. 32s Oop. ings, common Mid.
Twist.
Twist.
to fin est.
Vplds
to fin est.
Vplds
d.

d.

A p r .l 5% © 6 %
a 8 51316—6 i s ia
« 15 5 78 ® 6 78
" 2 2 61 6 © 7
ft 2 9 6
® 6 7s
M a y 6 !5 78 © b 7^

s. d.
4
4
4
4
4
4

s. d.

2 ia © 6 9
3 ©6 9
3 ©6 9
3 © 610*2
2 1a ® 6 10*2
2 © 6 10

d.

d.

d.

3 716
37,8
31632
32132
31 »32
39,8

638
6 » ,e
63s
67le
6k»
69,8

® 7 3 ,e
® 7 3ia
©714
© 7 6 16
©7%
© 7 7 lfl

A lexandria R eceipts and
A lexandria, E gypt,
May 4.
Receipts (oa n ta rs*)....
This w eek....... .
Since S ept. 1 ..............

s. d.
4
4
4
4
4
4

s. d.

0^a®6
0 ©6
0 ©6
0 ©6
0 k i© 6
1 ©6

Shipments

of

7
7
7
7
7kl
7ifl

d.
4
4I39
4k»

4ie
454

47<w

Cotton.—

1897-98.

1896-97.

1895-96.

6,000
6,431,000

32,000
5,696,000

3,000
5,173,000

Since
This
week. Sept. 1.
E xports (bales)—
L iv e r p o o l. . . . . . . . 1,000 310.000
T o O on tlnen tt. . . . . . . 13,000 354.000

This
Since
week. Sept. 1.
6,000 305.000
5,000 317.000

This
Mince
week. Sept. 1.
4.000 310.000
9.000 289.000

T ota l E u r o p e ___
14,000 664,000 11,000 622,000 13,000 599,000
* A can tar is 98 p ou n d s.
t O f whioh to A m erica in 18 97-9 8,4 2.01 9 b a les; in 1896-97, 47,115
bales: in 18 95-96,53,700 bales.
Cotton Consumption and Overland Movement to Ma y 1.

—Below we present a synopsis o f our overlani movement,
receipts, exports, spinners’ takings &c., for the month of
April at d for the eight months of the season to May 1, for
the years 1895-96, 1896-97 and 1897-98.

G ross o v e r la n d fo r A p r i l . ............... .b a le s.
G ross ov e rla n d fo r 8 m o n th s .......................
N et o v e r la n d fo r A p r il.. ..............................
N et o v e r la n d fo r 8 m o n th s ............................
P o rt re ce ip ts In A p r i l ....................................
P ort re c e ip ts in 8 m o n t h s ............................
E x p orts in A p r il...............................................
E x p orts in 8 m o n th s ........................ . . . ........
P o rt sto ck s o n A p r il 3 0 ........... ................. ..
N orthern s p in n e rs’ ta k in gs to M a y 1 . . . .
8 o u th «rn sp in n ers’ ta k in g s to M a y 1........
O v erla n d t o C an ad a fo r 8 m o n th s (in
olud ed in n e t o v e r la n d )............. ............
Burnt N orth a n d S ou th iu 8 m o n th s ........
S tock a t N o rth ’n in te rio r m a rk e ts M a y 1
C am e in sig h t d u rin g A p r i l ...... ..................
A m ou nt o f c r o p in sig h t M a y 1 .............
C am e in sig h t b a la n c e s e a s o n .....................

1 89 7 -9 8.

1896-97.

1 89 5 -9 6.

9 2 ,5 6 0
1 ,6 3 4 ,8 1 1
4 8 ,0 4 4
1 ,1 2 9 ,3 8 6
2 9 4 ,7 5 5
8 ,2 8 7 ,7 9 4
4 8 6 ,4 1 5
6 ,7 1 2 3 2 6
695 ,58 1
2 ,0 2 9 ,4 9 9
7 6 5 ,0 0 0

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

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

1 04 ,50 1
64,0 11
5 6 ,1 4 0
2 ,4 2 7
1,348
3 ,0 8 1
9,3 4 6
4 ,0 0 1
4 ,1 8 0
3 3 4 ,7 9 9
2 1 6 ,7 2 4
2 3 9 ,7 3 2
1 0 4 4 2 18 0 8 ,0 3 8 ,0 2 8 6 ,6 2 0 ,2 9 9
6 7 5 ,9 8 3
5 4 2 ,1 7 4
8 ,7 1 4 ,0 1 1 7 ,1 6 2 ,4 7 »
A v e ra g e w e ig h t o f b a l e s ........ ...................
5 0 6 -9 2
5 0 1 -5 9
5 0 2 -6 8

M

at

7 , 1 8 9 8 .]

811

THE CHEONICLE.

L iverpool .—By oable from Liverpool we have the follow *
J ute B utts, B agging , & c.—There has been practically no
business in jute bagging since the war began. Quotations ingstatement o f the week’s sales, stocks, &o., at that port.'
have been marked up, however, and now rule at 5 ^ c. for 1%
lbs., 5%p. for 2 lbs. and 5%c. for standard grades. The mar­
M a y 6.
A p r i l 15. A p r il 22. A p r il 29.
ket for jute butts has continued dull. Quotations are nomi­
5 6 .0 0 0
5 0 ,0 0 0
9 9 .0 0 0
4 4 .0 0 0
..........
b
a
l
e
s
.
S
ales
o
f
t
h
e
w
e
e
k
nally *75@'77%c, for paper quality, l ^ c . for mixing and l% c.
3 ,6 0 0
2 ,0 0 0
3 ,9 0 0
2 ,2 0 0
O f w h io h e x p o r t e r s t o o k . . .
for spinning cuttings, to arrive.
1 ,0 0 0
300
4 ,3 0 0
800
O f w h io h s p e c u la to r s t o o k .
4
6
.0
0
0
5
3 .0 0 0
4
1
.0
0
0
8
8
.0
0
0
From Messrs. Ira A. Kip & Co.’s circular, we ascertain that Sa es A m e r ic a n ..........................
1 1 .0 0 0
5 ,0 0 0
6
,0
0
0
6
,0
0
0
A
e
tn
a
e
x
p
o
r
t
..............................
the deliveries of jute butts and rejections at New York and F o r w a r d e d .....................................
6 3 .0 0 0
6 5 .0 0 0
7 5 .0 0 0
5 1 .0 0 0
Boston during April were 33,397 bales, against 59,787 bales T o ta l s to c k —E s tim a te d ........... 1 .2 4 2 .0 0 0 1 .2 5 0 .0 0 0 1 .2 4 9 .0 0 0 1 .2 5 3 .0 0 0
1
.1
4
5
.0
0
0
1
.1
5 3 .0 0 0
for the same month last year, and since January 1 the deliv­
O f w h io h A m e r ic a n —E stm ’ d 1 .1 4 2 .0 0 0 1 .1 4 2.00 0
7 7 .0 0 0
8 9 .0 0 0
7 3 .0 0 0
8 0 .0 0 0
eries have been 178,552 bales, against 142,177 bales last year. T otal im p o r t o f t h e w e e k ........
6 8 .0 0 0
7 1 .0 0 0
7 0 .0 0 0
7 4 ,0 0 0
O f w h io h A m e r ic a n ...............
Importers and speculators at New York and Boston held no A m
1 0 5 .0 0 0
1 1 0 ,0 0 0
1 7 3 .0 0 0
1 5 3 .0 0 0
o u n t a flo a t..............................
1 0 2 .0 0 0
stock on April 30 in either year; amount afloat for the United
1 0 2 ,0 0 0
1 5 1 .0 0 0
1 7 0 .0 0 0
O f w h ic h A m e r ic a n ...............
States reaches 140,743 bales, against 155,630 bales last year.
The tone o f the Liverpool market for spots and futures
Shipping N ews .—As shown on a previous page, the each day o f the week ending May 6 and the daily closing
exports of cotton from the United States the past week have prices of spot cotton, have been as follows.
reached 116,294 bales. The shipments in detail, as made up
from mail and telegraphic returns, are as follows:
S at'day. M o n d a y . T u esd a y. W ed 'd a y. Thursday Friday.
Spot.
T ota l bales.
N e w Y o r k —T o L iv e r p o o l, p e r ste a m e r JBovio, 9 7 6 .........................
976
T o H u ll, p e r stea m er T o k io , 1 , 2 7 4 . . . ............. ...............................
1 ,2 7 4
T o M a n ch e ste r, p e r s tea m ers L a ss e ll, 9 2 7 ........ N a sm y th
(a d d itio n a l), 1 ,1 0 0 ................... .......................................................
2 ,0 2 7
T o H a v re , p e r stea m er U lrik en , 3 1 ..................................................
31
T o B re m e n , p e r ste a m e r H a v e l. 8 6 . ................................................
86
T o H a m b u r g , p e r stea m ers B u lg a ria , 1 ,1 2 0 — R u ssia . 8 O. 1 ,9 2 0
T o A n t w e r p , p e r stea m ers, B e rlin , 5 9 8
B ritis h K in g , 2 2 1
8 19
T o G e n o a ,p e r stea m ers B o liv ia , 1 ,1 8 2 . ..K a is e r W ilh elm I I ,
2 ,1 9 0
9 0 1 ... .T r o j a n P rin c e , 1 0 0 .................................... .........................
T o J a p a n , p e r ste a m e r L iv , 4 9 9 .......................... ...........................
499
T o C hina, p e r stea m er L iv , 4 8 9 ......................................................
489
N e w O r l e a n s —T o L iv e r p o o l—A p r il 2 9 —S tea m er O rion , 6 ,2 9 4
. . . . M a y 2 —S tea m er A m e r ic a n , 1 5 ,9 1 2 ... .M a y 3 -S te a m e r
M u sicia n , 8 .6 3 8 ___ M ay 4 —S tea m er G o v e rn o r , 4 ,4 3 8 ......... 3 5 ,2 8 2
T o M a n c h e ste r—M a y 5 —S tea m er U p la n d , 5 ,1 0 0 ......................
5 ,1 0 0
5 .4 0 0
T o H a v r e —M a y 5 —S tea m er B en rid g e, 5 ,4 0 0 ..............................
T o B re m e n —M a y 2 —S team er M o n tp e lie r, 8 ,9 9 5 ....................... 8 ,9 4 5
T o H a m b u r g —A p r il 3 0 —S tea m er P o ly n e s ia , 1 ,8 8 9 .............
1 ,8 8 8
T o C op en h a g en —M a y 5—S tea m er N io k o la i I I ., 1 ,7 5 0 .............
1 ,7 5 0
T o O p o r t o —A p ril 2 9 —B a rk N a n n y , 1 ,1 0 0 ................................... 1 ,1 0 0
G a l v e s t o n —T o H a m b u r g — M ay 4 —S team er N e th e rg a te , 8 0 3 ..
8 03
C o r p u s C h r i s t i , <fco.—T o M e x ic o , p e r r a ilro a d , 1 7 9 ...................
179
M o b i l e —T o B rem en —A p r il 3 0 —S tea m er D a lm a lly , 5 ,6 9 3 ..........
5 ,6 '»
S a v a n n a h —T o B a r c e lo n a -M a y 2 —S tea m er A x m in s te r, 4 ,3 7 5 .
4 ,3 7 5
T o G e n o a —M a y 2 - S tea m er A x m in s t e r , 9 0 0 ..............................
900
B r u n s w i c k —T o B r e m e n —M a y 8—S tea m er St. J e ro m e , 4 ,1 5 1
. . . . M a y 4 —S tea m er D om ira . 3 ,2 3 7 .............................................
7 ,3 98
T o St. P e te rs b u rg —M a y <t—S tea m er St. J e ro m e , 5 0 0
........
500
1 ,2 5 0
C h a r l e s t o n —T o N o rrk o p in g —M a y 2 - B a r k F ra m , 1 ,2 5 0 ...........
N o r f o l k —T o R o tte rd a m —A p r il 2 —S tea m er D a rg a i, 5 0 .............
50
N e w p o r t N e w s —T o L iv e r p o o l—M a y 5 —S tea m er R a p p a h a n ­
n o c k , 2 2 8 ..............................................................................................
2 28
B o s t o n —T o L iv e r p o o l—A p r il 2 7 —S tea m er V ic to r ia n , 4 ,3 2 6
u p la n d a n d 75 S ea I s la n d
A p ril 28—S tea m er S y lv a u ia .
1 5 3 . . . A p r il 3 0 —S tea m er C an ad a , 5 3 8 . . . M a y 3—S team ers
C estria n , 6 ,2 6 4 ; K a n s a s, 2 ,1 9 2
M ay 4 —S tea m er P a v o n ia , 2 4 8 ....................................... ............................ ............... .'............ 1 3 ,7 9 7
Baltimore—T o L iv e r p o o l—A p r il 2 8 —S tea m er S ed g em ore , 6 49
. . . . M a y 4 —S tea m er U lsterm ore, 8 51 u p la n d a n d 9 5 4 S ea
I s la n d .............................................*............. ........................................ 2,454.
T o L o n d o n —A p r il a 0 —S tea m er T r o p e a , 1 ,1 7 5 ___ M a y 2 —
S tea m er M on ta n a , 4 0 0 ....................................................................... 1 ,5 7 5
T o B re m e n —M a y 4 —S tea m er D r e sd e n , 1 ,2 9 7 ___ M a y 5 —
S tea m er M a ria R iok m ers. 2 ,5 5 8 .................................................
3 ,8 5 5
T o R o tte r d a m , p e r s te a m e r A lm a , 5 1 ...........................................
51
Philadelphia—T o L iv e r p o o l—A p r il 30— S tea m er W a e sla n d ,
2 2 9 .............................................
229
S a n F rancisco—T o J a p a n —A p r il 3 0 —S te a m e r C ity o f R io d e
J a n e ir o , 4 5 0 ...........................................................................................
450
Seattle—T o J a p a n —M a y 4 —S tea m er Y a m a g u c h i M a ru , 2 ,6 9 1 . 2 ,6 9 1

M a rk e t, )
1 :4 5 p. M. ÌJ

Steady.

Fair
business
doing.

Quiet.

Moderate
demand.

Quiet.

7s2

3 »ie

31732

31

8 ,0 0 0
1 ,0 0 0

8 ,0 0 0
500

1 0 ,0 0 0
1 ,0 0 0

F u tu res .
at Quiet at
M a rk e t, \ Steady
1-64 de­
1-64 de­
1 :4 5 P. M. \
clin e.
cline.

Quiet.

Quiet at
1-64 de­
cline.

Barely
steady.

Quiet.

M id . U p T d s.

3t®32

3 l9 sa

S a le s.............
S p e c. & e x p .

8 ,0 0 0
1 ,0 0 0

1 0 ,0 0 0
1 ,0 0 0

M a rk e t, r
4 . P. M. )

Firm.

Fair
business
doing.

Steady.

S » i*
1 0 ,0 0 0
1 ,0 0 0
Steady at
2-64 @ 3-64
advance.

Quiet but Quiet but Quiet but
steady.
steady.
steady.

The prices o f futures at Liverpool for each day are given
below. Prioes are on the basis o f Uplands, Low Middling
clause, unless otherwise stated.
The p r i c e s a r e g iv e n i n p e n c e a n d 6 4 tha.
3 6 3 -6 4 d .. a n d 4 0 1 m e a n s 4 1 -6 4d .

T h u s:

3 63 m ea n t

T lin r a .
F r l.
M on.
T ues.
W ed.
S a t.
A p r i l 3 0 to
M a y 6.
1212 1 1 :4 5 4 1 :4 5 4 1 :4 5 4 1 :4 5 4 1:45 4
F.M. P. M. P. M. P.M. P.M. P.M. P. M. P. M. P. M. P.M. P.M. P .M .

A p r il -M a y ..
M a y -J u n e ...
J u n e -J u ly ...
J u ly -A u g .. .
A u g .- S e p t ...
S e p t .-O c t ....
O o t .-N o v ___
N o v -.D e e . . .
D e o .- J a n ....
J a n .-F e b ___
F e b .-M a ro h .

d.
d.
3 34 3 3 4
3 35 3 35
3 3 5 3 35
3 36 3 36
3 36 3 36
3 36 3 36
3 35 3 35
3 35 3 35
3 34 3 34
3 34 3 34
3 34 3 3 4
— ! —

d.
3
3
3
3
3
3
3
3
3
3
3

34
34
34
¿5
34
34
33
33
33
33
33

d.
3
3
3
3
3
3
3
3
3
3
3

32
32
33
33
33
33
32
31
31
31
32

d.
3
3
3
3
3
3
3
3
3
3
3

30
30
31
31
31
30
29
29
29
29
29

d.
3
3
3
3
3
3
3
3
3
3
3

30
30
30
31
31
30
29
28
28
28
28

29
29
30
30
30
29
28
27
27
27
28

d.

d.

d.
3
3
3
3
3
3
3
3
3
3
3

3
3
3
3
3
3
3
3
3
3
3

29
29
29
31
31
30
29
28
28
28
28

3
3
3
3
3
3
3
3
3
3
3

28
28
29
29
30
28
27
27
27
27
27

<*„
3
3
3
3
3
3
3
3
3
3
3

28
28
29
29
29
28
28
27
27
27
28

d.
3
3
3
3
3
3
3

31
31
32
32
»2
32
31

a.
3
3
3
3
3

3
3
3 31 3
3 31 3

31
31
32
32
32

32
31
31

31

3 81 8 3 1
3 31 3 3 1

B R E A D S T U F F S.

F r i d a y , May 6,1898.
Owing to decidedly higher prices for the grain, the market
for wheat flour has advanced, prices again haying been
marked up very materially. A fair volume of business has
T o t a l...................................................................... .......................................1 1 6 ,2 9 4
been transacted, as the home trade has continued to place or­
The particulars of the foregoing shipments, arranged in ders for supplies, although the high figures ruling have
our usual form, are as follows.
served to hold the demand in check to some extent, as buyers
O r ea t F r e n c h O er- r-O th .F 'r o p e —. M exico,
have been operating on a very conservative policy, prices
die. J a p a n . Total. being too high to warrant speculative purchases. Exporters
B r it'n . p o rts . m a n y . N orth. South.
31 2 ,0 0 6
8 1 » 2 ,1 9 0
4 9 9 1 0 ,3 11
N e w Y o rk .
489
4 ,2 7 7
5 9 ,5 1 5 have been only limited buyers, inability to obtain ocean
N . Orleans. 4 0 ,3 8 2 5 ,4 0 0 1 0 ,8 8 3 1 ,7 5 0 1 ,1 0 0
__
8 03 freight room interfering with business. Rye flour has had a
8 0 3 __ ___
G alveston.
1 79 fair sale and firm prices have been paid. Corn meal has had
1 79
Oor. C., &c.
5 ,6 9 3
5,'693
M obile.......
..........
5 ,2 7 5 only a moderate sale, but values have held steady.
5 ,2 7 5
Savannah..
There has been considerable excitement in the speculative
7.H88
B runsw ick
7 ,3 8 8
50Ó
_ 1 ,2 5 0 dealings in the market for wheat futures, and the advance
1 ,2 5 0
C harleston
50
50
N o r fo lk . ..
..........
......
2 28 in prices for this crop deliveries have been of a decidedly sen­
228
N’p ’t N ews
_ 1 3 ,7 9 7 sational nature. The advices received from abroad stating
B o s t o n . . . . 1 3 ,7 9 7
7
,9
3 5 that it was rumored that Russia had issued a decree prohib­
3
,8
5
5
51
4
,0
2
9
B altim ore.
2 2 9 iting the exports o f grain, and the fact that France, Spain
.......... . . . . . . .......... ..........
229
P hiladelp’ a
4
50
4
5
0
San F r a ñ ..
2 ,6 9 1 and Italy had suspended their import duties on wheat, and
. . . . . . .......... .......... .......... .......... .......... 2 ,6 9 1
Seattle.......
that Germany was contemplating such a move, were the
6 68 3 ,6 4 0 1 1 6 ,2 9 4 strengthening features. The export business has been active,
T o t a l .... 6 2 ,9 4 2 5 ,4 3 1 3 0 ,6 2 8 4 ,4 2 0 8 ,5 6 5
To Japan since September 1 shipments have been 115,423 the sales reported including 2,750,000 bushels sold on
bales from Pacific Coast, 8,700 from New Orleans, 23,029 bales Thursday by Leiter, principally to a French syndi­
from Galveston, 7,100 bales from Pensacola, 4,5J0 bales from cate, at $1 47 for No. 2 red winter, c. i. f , to
Mobile and 20,491 bales from New York.
the continent. Saturday there was an irregular mar­
Cotton freights at New York the past week have been ket, the close showing prices lc . lower to %d. higher
Monday there was an easier market early in the day under
as follows.
realizing sales, prompted by a large crop movement in the
Northwest, favorable crop advices and an impression that
F r i.
M on .
Tues.
W ednes. T h urs.
S a tu r.
there would be an early settlement of hostilities. Subse­
36t
361
36t
361
3St
3 6t
L i v e r p o o l ............
quently, however, the market turned stronger on rumora
501
50
501
50t
50t
501
H a v r e ...................
that the French duty on wheat was. to be suspended. Tues­
40)
401
40t
401
401
401
B r e m e n ................
day prices were again lower early in the day under aggres­
35»
35
35
3 5t
351
351
H a m b u r g ............ .0.
sive selling, but toward the close advanced rather sharply,
50t
50
50
501
50
A m s t e r d a m ........ .c.
50t
particularly for this crop deliveries on further rumors m
....
....
....
....
....
....
RevaL, v . H a m b . .e.
reference to the French duty. Wednesday being a holiday
—
....
....
....
....
Do
v .B r e m ’n c .
locally there was no regular market, bnt on the “ cu rb ” '
501
501
5 0t
50'
50t
50
there was active trading and prices advanced sharply on the.
Do
V. H u l l .. .0.
40t
40»
401
401
401
confirmation of the rumors in reference to the French duty,
401
R o tt e r d a m ..........
451
451
May selling up to $1 31 and July up to $1 07. Thursday there
451
451
45t
451
G e n o a ................. d,
was an active and higher market on reported unusually large
T r ie s te ............. . d
*4
*4
H
14
*4
acceptances <f wheat offered at fancy prices and the general
A n t w e r p ............. d
31S
318
316
S16
816
S16
7 ,a
bullish nature of the foreipa advices. To-day the market,
G h e n t ,v .A n tw ’ p .d .
732
732
732
7S2
782
opened easier under realia&g sales by longs, prompted by
t C en ts n e t p e r 1 0 0 lb s .




THE CHRONICLE.

912

private foreign advices showing hesitating markets, ad­
vanced on moderate buying, but reacted under the official
denial that Russia had prohibited the export of grain. The
export business was active, the sales reported here being
240,000 bushels and advices from the West reported that
Leiter had sold 15 ',000 bushels No. 1 Northern to New York
millers at $1 42 delivered.
D A IL Y CLOSING PRICKS OK NO. 2 RED W INTER WHEAT.

M a y d e liv e r y .....................c.

Ju ly d e liv e r y ..................o.
Septem ber d e liv e r y ....o .
D ecem ber d e liv e r y .....c .

Sat.
H on.
1 1 «% 120

102%
89*8
86%

‘ H o lid a y , n o officia l q u ota tion s .

10259
88m
86%

Tues. * Wed.
TKurs.
*vi.
1 2 3 % IS O 1* 1 4 5
143%
10339
8 '» 9

85%

107
109%
89%
91%
87
87%

Speculation in Indian corn futures has been only moder­
ately active and during the first half of the week the tend
ency of prices was towards a lower basis, as a large move­
ment of the crop, the belief that hostilities would soon cease,
and a falling off in the unusually active export demand latter
ly experienced prompted selling by longs to realize profits.
Thursday, however, the market turned stronger in sym­
pathy with the strength of the wheat market. To-day the
market was easier in sympathy with the decline in wheat
and under realizing sales. The crop movement was large.
The export business was fairly active, the sales reported here
and at out-ports amounting to 280,0f0 bushels, principally
No. 2 mixed, which was quoted at from 40^ to 43c., f. o. b.,
for prompt to last half of October delivery.
DAILY CLOSING PRICES OF NO. 2 MIXED CORN.
Sat.
H on. Tues.
Wed. T hurs.
M a y d e l i v e r y . . . . ............. o. 3 9 %
383a
38
H o li- 3 9
J u l y d e liv e r y .....................c. 3 9 %
39%
38%
day. 39%

F ri.
38%
393s

Oats for future delivery have been quiet. Saturday prices
advanced %c. in response to stronger advices from the West,
where there was a demand from shorts to cover contracts.
Tuesday, however, the market turned weaker, prices for the
day showing a loss of ^ c . under realizing sales by longs.
Thursday the market was quiet but steady, the advance in
other grains holding a further decline in check as longs sold
prompted by favorable crop prospects. To-day the market
was firmer on shorts buying to cover contracts. The export
business was only moderately active, the sales being 69,000
bushels. No. 2 clipped was quoted at 37^c. f. o, b. afloat.
DAILY CLOSING PRICES OF NO. 2 MIXED OATS.
Sat.
H on .
Tues.
Wed.
T h urs.
35
34%
34
H ’ d ’ y.
34

M a y d e liv e r y ....................o.

F r i.
35

Rye has advanced sharply and had a fair export sale.
ley has also sold at higher prices.
The following are closing quotations:

Bar­

P i n e ..............................$3 9 5 # 4 0 0
P a te n t, w i n t e r ........$ 5 7 0 # 6
S u p e rfin e ................... 4 2 5
# 4 4 0 C ity m ills, e x t r a s I 6 0 0 # 6
E x t r a , N o. 2 ............ 4 3 5
# 4 50 R y e flou r, su p erfin e 3 4 0 # 3
E x t r a , N o. 1 .......... 4 50
@ 4 60 B u ck w h e a t f l o u r . ..
......
O le a r a ....................
4 85
# 5 25 C orn m ea l—
S tr a ig h ts .................... 5 15
@ 6 50
W estern , e t c .......... 2 2 5 # 2
P a te n t, S p r in g ____ 6 5 0 ® 7 2 0
B r a n d y w in e ........
2 40
[W h e a th o u r in s a ck s se lls a t p rice s b e lo w th o s e f o r b a rre ls.]

50
20
85

to

W eek.

S ince J a n . 1.

G r e a t B r ita in ................... ......
O th e r E u r o p e a n .......................
C h in a ...................... ......................
I n d ia .............................................
A r a b ia ..........................................
A f r i c a ........................................
W e st I n d ie s ...............................
M e x ic o .................................. .
C e n tra l A m e r ic a ......................
S o u th A m e r ic a .........................
O th e r C o u n t r ie s .......................

1 20
21
6 ,9 7 1
1

1 ,3 4 5
469
5 2 ,7 3 4
6 ,7 6 1
1 5 .0 8 2
7 ,1 8 5
5 .4 9 9
1 ,« 0 0
2 ,3 6 7
1 6 ,4 6 9
2 ,6 5 7

T o t a l......................................
C hina, v ia V a n c o u v e r * ___

8 ,5 8 4

S in ce J a n . 1

5
44
504
225

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

150
87
1 71
26
1 ,2 3 5
95
2 ,6 4 2

8 1 ,5 5 0
8 ,7 5 0

T o t a l ...................................... 8 ,5 8 4
1 1 3 ,8 6 8
* F ro m N e w E n g la n d m ill p o in t s d ire ct.

2 ,6 4 2

9 0 ,3 0 0

The value of the New York exports for the year to date
has been $3,931,463 in 1898 against $3,334,601 in 1897.
There has been a fair demand for heavy brown goods for
export in the way of modest orders, but home buying con­
tinues very quiet and seldom strays beyond current require­
ments. The tone is dull and prices barely steady. Light­
weight grey goods are still irregular. Ducks, under army
and navy requirements, strong, and 10 to 15 per cent higher.
Business in bleached cottons has improved slightly, hut is
still slow, with the demand very readily met. W ide sheetings
inactive and easy. Cotton flannels and blankets quietly
steady. Denims in occasionally better request, with ready
sellers. Other coarse colored cottons dull and featureless.
Kid-finished cambrics inactive at 2%c. for 64 squares. A ll
prints have ruled dull with prices favoring buyers in most
instances. Flags and bunting sold extensively and prices
advancing. Ginghams steady with rather more doing. Cot­
ton dress fabrics for fall in fair request. Print cloths have
sold outside of Fall River at 1 15 16c for regulars, and tha t is
pradically the market at the close.
F oreign D ry G o ds.— Bad weather again this week has
kept business in all foreign merchandise within restricted
limits, and for seasonable lines the market is featureless.
Orders for fall goods have also been light, but the tone of the
market continues steady.
Im p o rta tio n « a n d W a reh o u se W it h d r a w a ls o f D ry G o o d «

35

The importations and warehouse withdrawals o f dry good g
at this port for the week ending May 5, 1898, and since
January 1, 1893, and for the corresponding periods of last
year are as follows :
M

g

g

3

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4 8 4 ,9 6 5
2 2 3 ,0 2 0
269 ,19 1
1 4 6 ,0 7 9
2 9 ,2 6 9

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

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2 71 ,53 1 3 1 ,7 3 4 ,2 5 5

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1 98
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1 6 2 ,9 6 0
9 8 0 ,8 5 9

The course of the market during the past-week has not re­
vealed any new influence at work to change general condi­
tions. As was noted last week, the Government demands for
such lines as are suitable for its purposes have taken up some
stocks for qaick use, and by the contracts it is giving out is
finding assured employment for considerable machinery
which would without them be running on goods for the reg­
ular trade. Buyers are so far paying very little attention to
this feature as yet, but it may tell more forcibly later on,
particularly in the woolen goods division. Meanwhile such
orders as come forward for quick delivery and for fall busi­
ness are of quite conservative character. Prices, except
where under Government influence, have shown no material
change here, but the tendency in a number of directions has
been to favor buyers on cotton goods. In the print cloth
market there has been a further decline, regular cloths sell­
ing outside of Fall River at 1 15 16c per yard. This extra­
ordinarily low price is telling upon manufacturers, and the
week closes with the report that several mills have indi­
vidually decided to curtail production.
W oolen G oods .—The market is in good condition on all
lines of blue goods for which the Government have any use,
and additional machinery is being diverted to their produc­
tion. The regular trade demand for men’s-wear woolen and
worsted fabrics has shown some improvement during the
week, but it is still disappointingly small. As the trade is
but very lightly under contract for fall supplies, sellers are
looking forward to a decided expansion of business shortly,
and meanwhile prices, although irregular, are not any lower
on the week. Low-grade goods in all-wool and cotton-warp
and cotton mixed varieties are comparatively in best shape.'

H- M
© -»
CO ©
©M
© *-0

l l , 143,8191

N e w Y o r k , F r id a y , P. M., May 6, 1898.

to
©
CO
^1
CO
M
CO
©

M a n u fa ctu re s o f —
W o o l ........ ..............
C o t t o n .....................
S ilk , ..........................
F l a x ..........................
M is c e lla n e o u s ..........

C orn , p e r b u sh —
o
c.
W estern m i x e d . . . . ___3 9
#43
N o. 2 m ix e d ................. 3 9 % ® 4 3
W estern Y e l l o w . . . . . . . 4 0 # 4 2
W e ste rn W h it e ............4 0 % n 4 2 %
R yeW e ste rn , p e r b u s h . . 7 4
#76
S ta te a n d J e r s e y ........ 6 < # 7 0
B a r le y —W e s t e r n ...........4 8
#58
F e e d i n g ......................... 4 4 # 4 8

DRY GOODS TRADE.




388
18
55
875
135

W eek.

1 1 2 ,1 6 8
1 ,7 0 0

i W F o r o th e r ta b lea u su a lly Riven h ere aee pane 884.

THE

1 89 7 .

Ma y 2.

T ota l m a rk eted . . .

N om in a l.
935a® 145
N om in a l.
9 4 % (b 142
34 # 3v%
36 ® 42
3 5 % ® 37
3 6 % ® 39

1 89 8 .
New Y ork

T o t a l w ith d ra w a ls 7 ,0 5 5
E n t’ d f o r o o n s u m p . 10,366

W h e a tH a r d D u lu th , N o. 1.
R e d W in te r, N o. 2 ..
H a r d M a n ., N o. 1 ..
N o rth e rn , S o . 1 . . .
O a ts —M ix ’d , p e r b sh .
W h i t e .........................
N o . 2 m ix e d ..............
N o . 2 w h it e ............

The overcoating demand continues dull and prices unaltered.
Cloakings quiet at previous prices. Dress goods are in in ­
different request in both seasonable and fall varieties. Flan­
nels and blankets quietly steady in regular trade, but some
considerable sales made to the Government.
D o m e s t i c C o t t o n G o o d s . —The exports of cotton goods
from this port for the week ending May 2 were 8,584
packages, valued at $235,03!, their destination being to the
points specified in the tables below :

109
9 '« 9
&7%

T h o s e g iv e n a re ‘ •curb” p rice s .

[V ol. LXVI.

MKTtO<l
^ © M ÇO
© © *0 tOM
M M COtOM
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M COor m ©
m © CDa» ©

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M a y 7, It 9a.J

S tate

and

THE CHRONICLE

C ity D

epartm ent,

918
A pril B ond Sales .




.

L o c a tio n .
B a te.
M a tu r ity .
A m o u n t. P r ie * .
B ir d Isla n d , M in n 5
1 91 8
$ 1 2 .0 0 0 1 0 5 * 6 4
B o u ld e r. C o l......... 6
t
l9
0
8
-1
9
1
3
2 0 ,0 0 0 1 0 0
TERM S OF SU BSCRIPTIO N .
B r a d fo r d (P a .) S c h o o l
D i s t r i c t ........................
5
1 9 0 0 -1 9 1 6
$ 1 6 ,8 0 0 1 0 6 * 9 4 6
B u o v r u s , O h io ..... 6
1 8 9 9 -1 9 0 6
8 ,0 0 0 102*75
The I nvestors’ Supplement w ill be furnished without 78 26 18 .. ..
B u f f a lo ,N .Y . ( 2 issu es) J3 u ly 1 ,1 8 9 9
1 8 ,8 5 5 1 0 0
B u ffa lo , N . Y ........ 3
A p r . 1 5 ,1 8 9 9
2 .6 9 2 1 0 0
extra charge to every annual subscriber o f the Commercial 7 7 6 . .
7 7 6 ..
B u ffa lo , N . Y ......... 3
J u ly 1 ,1 8 9 9
1 0 1 ,7 7 9 1 0 0
a n d F inancial Chronicle .
8 2 0 Buffal-«, N . Y .............
3
J u ly 1 ,1 8 9 9
1 0 ,0 0 0 1 0 0
9
1
5
.
.
C
a
rro
ll
(la
.)
Soh.
D
Ist.
4*2
1
91
8
2 0 ,0 0 0 1 0 0
The State and City Supplement will also be furnished 8 2 0 . .
C h a rle ro i (P a .) S c h o o l
5 1 8 9 9 -1 9 1 3
D is tr ic t .......................
without extra charge to every subscriber of the Chronicle .
2 5 ,0 0 0 1 02*10
7 7 6 .. C offey v ilie , K a n ............ 6
1 91 8
1 7 ,0 0 0 1 00 * 2 9 6
The Street R a ilw a y Supplement w ill likewise be fur­ 8 6 9 . .C o s h o cto n , O h io ............ 5
1 0 ,0 0 0 102*285
C re sto n , I o w a ....... 4
(1 9 0 8
7 ,0 0 0 1 0 0
nished without extra charge to every subscriber of the 7 7 7 . .
7 7 7 ..
D e d h a m , M a s s ..... 4
1 9 0 6 -1 9 1 7
3 0 ,0 0 0 102*18
Chronicle .
8 6 9 ..
D e fia n ce (O.) S ch. D is . 5 1 9 0 1 -1 9 1 0
1 0 ,0 0 0 102*93
e e r L o d g e C o., M o n t.. 5U 9 0 9 -1 9 1 9
1 0 0 ,0 0 0 101*80
The Quotation Supplement, issued monthly, w ill also be 87 76 79... E liz a D
b e th C ity C o ., V a . 5
1928
1 0 ,0 0 0 1 0 5
furnished without extra charge to every subscriber o f the 7 7 7 . . E v a n s to n (IÜ.) S ch o o l
D is tr ic t (3 is s u e s ).. . 4
1 8 9 3 -1 9 1 8
6 5 ,0 0 0 1 01 *3 3 4
Chronicle .
7 7 7 ..
F a ll R iv e r, M a s s.(2 iss .) 4
1 92 8
9 0 ,0 0 0 110*10
F a lls . M in n ___ 5
1 0 ,0 0 0 104*52
TERMS for the Chronicle with the four Supplements 77 72 72 ... . F erguFsitz
g e ra ld , G a ..... 6
1 92 8
3 3 ,0 0 0 1 0 5 *1 5 2
F lo ra . I n d . . . . ....................................
1 9 0 3 -1.....................
908
46,0 0 0 1 0 2 -8 0
above named are Ten Dollars within the United States and 8 2 0 . .
7 2 2 ..
F o r t C o llin s (C ol.) S ch .
Twelve Dollars in Europe, which in both cases includes
D is tr ic t N o 5 .............. 5
U 9 0 3 -1 9 1 3
1 1 ,0 0 0 100*26
7 2 2 ..
G a llo n (O h io) Soh. D is . 5 1 9 0 3 -1 9 1 3
1 2 ,0 0 0 1 0 7 * 4 0 8
postage.
7 2 2 ..
G a llia C o .. O h io ... 5
A p r . 6, 1 9 1 8
4 0 ,0 0 0 107*50
7 2 2 .. G e n e v a , N . Y ___ . . . . . . 4
S ept. 1 .1 9 1 6
8 ,0 0 0 103*95
7 2 2 ..
G re e n B a y , W is ... 4 ^
1 89 9 -1 91 8
1 1 ,0 0 0 1 03 0 4 6
Terms o f A dvertising—(P e r inch space.)
8 2 1 ..
G r e e n w o o d T w p .t P a .. 4 1 8 9 9 -1 9 0 8
2 ,0 0 0 100*50
G u tte n b e rg , N. J . 5
1 9 0 8 -1 9 1 8
9 0 ,0 0 0 1 00*25
T r a n s ie n t m a tte r ( l t i m e ) . . $ 3 5 0 T h r e e M o n th s (1 3 t im e s ) . .$ 2 5 Oi) 7 2 2 . .
H a rrl8 o n C o . (I o w a )
S ix m o n th s
(2 6 t im e s ) .. 4 3 0 » 8 2 1 . .
STANDING BUSINESS CARDS.
W o o d b in e S ch. D is t .. 5
2 ,0 0 0 100*50
T w o m o n th s 18 t im e s )........... 18 0 0 T w e lv e M on th s (5 2 t im e s ). 5 8 00
8 6 9 ..
H u d s o n , N . Y ...... 4
1 9 1 8 -1 9 2 0
6 ,0 0 0 1 0 0 * 3 7 6
8 2 1 ..
J e n n in g s C o., I n d ....... 5 1 8 9 9 1 9 0 8
1 5 ,3 4 0 100*162
8 2 1 K e n s in g to n , M d ............ 5
1 1 9 0 3 -19 1 8
5 ,0 0 0 1O0
8 6 9 ..
L io k in g C o., O h io ....... 5 1 9 0 5 -1 9 0 8
5 0 ,0 0 0 1 03 *102
M U N IC IPAL BOND SALES I N A P R IL .
8 2 1 ..
L u ca s C o., O h io ... 5
1 8 9 9 -1 9 0 1
1 2 ,9 1 2 ?
8 2 1 ..
L u c a s C o ., O h io ... 5
1 8 9 9 -1 9 0 1
2 ,0 0 0 ( 1 0 0 * 8 7 8
The inactivity which prevailed in th e . municipal 7 2 3 . .
M atnaroneoh , N. Y ..... 4
*1 9 1 0
1 0 ,0 0 0 100*10
8 2 1 . .M a r ic e C ity , O h i o . .___ 6
1 9 0 5 -1 9 1 1
3 ,5 0 0 1 0 5 9 1 4
bond market in the months immediately preceding 8 6 9 . .
M a rtin ’ s F e r r y , O h io .. . .
5 ,7 4 3 101*05
8 6 9 ..
M em p h is, T e n n ... 5
1 92 8
1 5 0 ,0 0 0 1 0 4
continued through April. Of course the increasing 9 1 6 .. M o n ta n a ............................ 6
3 5 0 ,0 0 0 1 0 0
M ou n t V e r n o n , N. Y . . . 5
2 1 ,0 0 0 104*75
tension in the relations between the United States and 78 77 08 ....
N a sh v ille , T e n n ... 4
A p r . 1, 1 91 8
1 5 0 ,0 0 0 1 00
8 °1 )
Í 101
Spain, resulting finally in war, was responsible for this 8 7 0 ( ^ ew’ B r u n s w ic k , N. J . . 4 M a y 1 ,1 9 2 3
1 1 0 ,0 0 0 j
( 10 2
7
2
4
..
N
o
r
fo
lk
(N
eb.)
S
c
h
o
o
l
situation. In view of the doubts and uncertainties
D is tr ic t .......................... 5
M a y 1, 1918
1 1 ,0 0 0 101*645
0 . a h a , N e b .......... 4 ^
1 8 9 9 -1 9 0 7
6 9 .5 0 0 1 0 2 0 4
necessarily attending such a grave development, only 78 77 80 .. ..
0 .a n g e (C al.) Soh. D is . 9
6 ,0 0 0 1 0 4 -7 6 6
9
1
6
.
.
0
.a
n
g
e
C
o.
(C
al.)
F
u
l­
few of the bond houses were willing to bid on mu­
le r t o n U n io n H i g h ’
S ch o o l D is tr ic t........... 7
1 8 9 9 -1 9 0 8
5 ,0 0 0 107*525
nicipal securities. The result of this is seen in the
7 2 4 ..
P a in e s v ille (O hio) Soh.
D
is
tr
ic
t
..........................
4
^
1
8
9
9
-1
9
2
1
4
5
,0 0 0 104*674
fact that at many sales of desirable securities, either
8 2 2 ..
P e ru , I n d ................ 4
1 9 0 0 -1 9 1 1
6 0 ,0 0 0 1 0 0
P it ts fo r d . N . Y ... 4
1 9 1 3 -1 9 2 8
1 6 ,0 0 0 1 07*74
no bids were received, as in the case of the Cambridge, 7 7 8 . .
9 1 7 ..
R ic h m o n d , M ic h . 5
1 9 1 1 -1 9 1 9
9 ,0 0 0 103*39
1 9 0 3 -1 9 0 6
Mass., $245,000
per cent 20-year loan, or else a few 7 7 8 . .
R o c k v ille C e n t r e ,N .Y . 4*90
2 ,0 0 0 1 0 0
8 2 2 ..
R o m e , N . Y .......... 4
A p r. 1 5 , 1921
7 ,0 0 0 112*18
bids only, at such unsatisfactory prices that they were 8 7 1 . .
5 .g in a w , M ic h ..... 4
M a y 1 ,1 9 1 3
1 8 ,0 0 0 1 00 *333
8 7 1 ..
5 .. C lo u d (M in n .) Soh.
rejected. Among the latter class may be mentioned
D is t r ic t ........................... 4
1 9 0 9 -1 9 1 8
2 5 ,0 0 0 101*46
8 2 2 . .S t. J o h n s v ille , N . Y . . . . 4
1 9 0 3 -1 9 2 4
1 2 ,0 0 0 101*55
Cleveland, Ohio, $300,000 4 per cent lO-year school 7 2 5 . .
5 .n t a A n a , C a l..... 4*3
1 8 9 9 -1 9 3 8
6 5 ,0 0 0 1 00 *038
v ille (P a .) S ch.
bonds; Omaha, Neb., $300,000 4 per cent 20-year 9 1 7 .. S eDlleisrs
1 8 9 9 -1 9 1 2
tr ic t .......................... 4
5 ,0 0 0 100*40
A p r. 1 ,1 9 1 8
7 2 5 ..
5 .e b o y g a n ,W i s ... 4
2 5 ,0 0 0 103*50
funding bonds, and Columbus, Ohio, $68,000 4 per 7 2 6 . .
T iffin, O h io ............ 6
1 8 9 9 -1 9 0 5
6 ,5 0 0 106*05
7 2 6 ..
T iffin ,O h io ............ 6
5 ,0 0 0 103*52
1 8 9 9 -1 9 0 5
cent 30-year electric-light bonds.
9 1 8 ..
T r ip p , 8. D a k ....... 6
1 91 8
5 .0 0 0 101*16
7 8 0 ..
V a n W e rt C o ., O h io _ 5 1 9 0 3 -1 9 1 8
3 4 ,0 0 0 105*588
Our usual monthly compilation shows that the total 9 1 8 ..
V e rn o n C o ., M o ................................
144 8 ,0 0 0 1 0 0
W a u k esh a , W is ... 4
1 8 9 9 -1 9 1 8
3 0 ,0 0 0 1 0 0
amount of municipal securities marketed during April 89 7182 .. ..
W e lls to n , O h io ..... 5
1 9 2 6 -1 9 3 3
1 6 ,0 0 0 1 0 2
7
8
0
.
.W
e
s
tb
o
r
o
,
M
a
s
s
..............
4
1
9
0
4
-1
9
0
5
5 ,0 0 0 1 0 1
1898 was $3,467,876, a smaller total than reported for 8 7 2 . .
W e s t b r o o k ,M e _______. . . . .J. u n4e 1 ,1 9 1 8
2 4 ,0 0 0 103*29
W h ite C o., I l l ....... 4^3
1 8 9 9 -1 9 1 8
2 8 0 ,0 0 0 103*345
any month since the panic of 1893. In the total we 7 2 6 . .
7 8 0 ..
W ilk in sb u rg (P a .) S ch .
D is tr ic t ............... ........... 4
5 0 ,0 0 0 1 0 2
do not include temporary loans, nor do we include
1 9 2 5 -1 9 2 6
8 7 2 ..
W ilm in g to n , D e l . 4
6 0 ,0 0 0 102*25
W ilm in g to n , O h io ___ 5 1 9 0 0 -1 9 0 2
1 0 ,0 0 0 102*17
those bonds originally awarded in previous months and 8 2 3 ..
2 ,8 0 0 1 04 *339
8 2 3 ..
W i n t o n P l a c e , O h io .... 5 1 9 1 3 -1 9 1 8
then embraced in our monthly totals, but which have 8 7 2 . .
Y o n k e r s , N . Y ...... 4
1 8 9 9 -1 9 0 3
2 5 ,0 0 0 )
100*13
8 7 2 . .Y o n k e r s , N . Y ................. 4
F e b . 1 ,1 9 0 0
9 ,0 0 0 $

now been re-awarded. The April aggregate, at $3,467,876, compares with $13,060,323 for April 1897 and
$6,309,351 for March 1898. There were only two sales
for amounts in excess of $200,000, namely: White
County, 111., $280,000 4£ per cent 1-20-year funding
bonds at 103-345 and the $350,000 6 per cent Montana
State Capitol bonds sold at par. These latter bonds
are to be delivered to the purchaser as the building
of the Capitol progresses.
The number of municipalities issuing bonds during
April was 103 (emitting 113 separate issues) as compared with 117 (emitting 140 separate issues) for the
month of March.
In the following table we give the prices which were
paid for April loans to the amount of $2,778,421
issued by 70 municipalities. The aggregate of sales
for which no price has been reported is $689,455, and
the total bond sales for the month $3,467,876.
In
the case of each loan reference is made to the page of
the Chronicle where a full account of the sale is
given.

P age.
8 2 0 ..
7 7 6 ..
8 2 0 ..

T o t a l (7 0
m u n ic ip a lit ie s , c o v e r i n g 8 0
s e p a r a t e is s u e s )................................................... $ 2 ,7 7 8 ,4 2 1
A g g r e g a t e o f s a le s f o r w h ic h n o p r i c e h a s
b e e n r e p o r t e d (3 3 m u n ic ip a litie s , c o v e r in g
3 3 s e p a r a te is s u e s )...............................................
6 8 9 ,4 5 5
__ T o t a l b o n d s a le s f o r A p r il, 1 8 9 8 .................. | $3 ,46 7 ,8 7 6
* A v e r a g e o f d a te s o f m a tu r ity , t S u b je c t to c a ll in a n d a fte r t h e
e a rlie r y e a r a n d m a tu r e in th e la te r y e a r. 1N o t in c lu d in g $ 1 ,8 5 6 ,0 0 0
o f t e m p o r a r y lo a n s r e p o r t e d a n d w h ic h d o n o t b e lo n g in th e list.

In the Chronicle of April 9, 1898, page 721,
a list of March bond sales amounting to $6,294,351
will be found. Since the publication of that state­
ment we have received the following additional reports:
A dditional March B ond Sales.
P a g e.
L o c a tio n .
R a te .
M a tu r ity .
A m o u n t.
P rH
7 7 8 . .N a v a jo C o., A r i z ............ 6
1 9 0 8 -1 9 1 3
$ 1 5 ,0 0 0 1 0 0
T o t a l a d d it io n a l s a le s f o r M a r o b .............................. $ 1 5 ,0 0 0

The£e additional loans will make the total sale
(not including temporary loans) as reported for MaroK
1898 amount to $6,309,351.
CovingtcybtKy.—Bonds Valid.—W e take the follow ing dis­
patch fromTnrankfort, Ky., bearing date April 23, from the
Covington “ Commonwealth” of April 23,1893 : “ The Court
of Appeals, in a decision Friday, reversed the Kenton Circuit
Court in the case of the city of Covington vs. Nadaud. The

914

THE CHRONICLE.

[V O L . L iX V l.
js

appellee, who is the owner of abutting property, sued to en­
join the collection of assessments for improvements on Scott
Street, the objection beiDg that the bonds issued by the city
increased Covington’s indebtedness beyond the constitutional
limit. The Court, in the opinion, hold that the ordinance is
constitutional, and that Nadaud must pay up.”
Dubuque, Iow a.—Proposed Purchase o f Water-Wo ks.—
The city has voted to purchase the water-works plant. Mr.
L. M. Langetaff, City Recorder, writes us that the “ next
thing in order will be for the Council to proceed in a legal
way and serve the six months’ notice as required by the ordi­
nance and contract, and then the question will again be sub­
mitted to a vote of the people.” Mr. Langstaff says that
from present appearances there will be nothing done for
some time, perhaps not this year.
Florence, Ala .—Proposition fo r Settlement o f Water­
w orks Bonds.—The following dispatch from Florence dated
April SO, 1898, appeared in the Nashville “ American” on
April 21, 1898: “ A t a called meeting of the City Council,
held last night, Mayor Weakley submitted his report to the
agreement made between him, representing the city, and the
owners of the water-works bonds, with regard to the indebted­
ness of the city for water rent, interest, etc. The owner of the
bonds, amounting to $18,000, agree to take as payment the
sum of $10,000, if paid in cash by the first day of January, to
reduce the water rent for hydrants from $4,600 per year to
$3,000 per year, and to grant many other extensions. The
arrangement was submitted to the Finance Committee^ and
w report favoring the adoption o f the plan will be submitted
.at a meeting to be held next Tuesday evening.”
Madison, W is.—Bond Litigation.—W e are in receipt of
the following circular letter from O. 8. Norsman, City Clerk,
relative to the issuance of the $37,000 sewer bonds author­
ised by the Common Council April 11,1898 :
“ An injunction suit is now pending in the Supreme Court
o f this State to estop the city from issuing and selling the
$37,000 of sewer bonds authorized by the Common Council
of the city of Madison, W is., by ordinance passed April 11,
1898, and the bonds will not be offered for sale until the ques­
tion has been passed upon by said Court. The suit was com ­
menced in the Circuit Court, and tried at Fond du Lac, W is.,
by Judge Gilson, who promptly dissolved the injunction,
but directed that in case of appeal the issue of the bonds
might be authorized by the Council, but that the bonds
should not be sold until after the appeal is decided. The city
has made an unsuccessful effort to have the case advanced on
the Supreme Court calendar, and it is not expected that a de­
cision can now be had until the latter part o f this year.
“ Unless, therefore, the appeal should be dismissed, the
bonds will not be offered for sale this year.”
These bonds, as authorized by Common Council, are in de­
nomination of $500, dated July 1, 1898, and shall be payable
within 20 years. Interest will be at 4%$, payable annually
at the American Exchange National Bank, New York City.
New York City’s Debt L im it.—Reply o f Ex-Comptroller
Fitch to Comptroller Coler — The late Comptroller of the city,
Mr. Ashbel P Fitch, takes exception to Comptroller Color’s
method of calculating the debt of the consolidated commu­
nities. Speaking with reference to the inclusion of contract
liabilities in Mr. Coler’s statement, he says : [W e take the
report of his remarks appearing in the “ New York Herald.” ]
The contention o f the Comptroller is absolutely new. None o f his prede­
cessors in the Finance Department, none o f the distinguished lawyers who
have been counsel to the corporation, no m ayor in considering the affairs o f
the city in his messages, has ever tried b efore to prove that the margin o f the
city’s liability must be affected by contracts running through many future
years and dependent fo r tbelr result on unknown quantities, or by the purchase
by the city o f lands to be paid fo r by assessment on private property and D e­
tected by the “ Fund fo r Street and Park Openings,” which is replenished from
the proceeds o f the tax levy.

CO M PTRO LLER A D M IT S U N C E R T A IN T Y .

Against his statement o f th e city ’s liabilities on these contracts down to fifty six cents, I desire respectfully to put m y statement, founded on fo u r years’ ex­
perience with these public works, that no man alive can tell now, or fo r ten
yf ais to com e, what the city really will ever owe or pay on these contracts.
Again he states the Item fo r ‘ 'lands acquired” at exactly $37,765,813 06. If this
item goes out, his whole contention is gone. H a lf o f the Item he reluctantly
wipes out In the text, on pages 7 and 8, as follow s:
‘ ‘It only remains to state that o f the loregoing total o f $37,765,813 06, repre­
senting the estimated llabilittty o f the form er city o f New York fo r land ac­
quired In condemnation proceedings, m ore than one-half, or $19,713,230 30, rep­
resents the cost o f opening and widening streets, which expense is by law
chargeable to the ‘ tuna fo r street and park openings.’
“ This fund was created at a time when It was feared that the form er city o f
New York had reached Its constitutional limit o f Indebtedness, and Its purpose
was to provide a m ethod fo r opening streets which would not require the city
o f New York to incur Indebtedness therefor in excess o f Its constitutional
limit.
“ W ith this in view, th e right to an action at law against the olty was e x­
pressly denied to property owners, which provision o f law still exists to-day.
“ The m ethod by which it was intended that the efficiency o f the fund should
be maintained was to insert in each year’s tax levy an amount equal to the
difference between the liabilities o f the fund as Der orders o f Court and the
cash balance th ereof resulting from payments o f assessments. I f it should be
decided that the peculiar provisions o f law regulating proceedings insti­
tuted under these acts impose no liability on the city other than that o f includ­
ing certain amounts in the annual budgets, the excess o f the indebtedness o f
the form er city <-f New York on December 31,1897, would be reduced from
$ A,224,846 79 to $4,481,616 49.”
O N L Y A GUESS A T AM OU NT.

A ny one who knows these item s at all understands that any statement o f
amounts is only a guess at what will ulrimately be decided to be due in more
than 200 proceedings, some o f which will run fo r years and be appealed in the
courts, some o f which have n ev er been fairly started, some o f which will be
discontinued, and all o f which will be decided, if ever, on evidence not yet
taken.
Let us see again wbat the Comptroller admits about this. On page 6 he say s:
“ In all such instances it is. o f course, impossible to state the liability o f the
city with exactness. Estimates o f the value o f property differ widely, and only
'upon the confirmation o f the reports o f the Commissioners o f Estimate can
the exact liability o f the city be told.”
It is clear that this admission takes away all significance from a calculation
o f present Indebtedness carried out to an exact figure.
In short, with every doubtful point decided b y the Comptroller against the
city’s right to exist, and to buy what it needs fo r its existence, the figures
which he gives are so in conflict with his own admissions a< d with known
fact», and with the uniform procedure heretofore, that even i f his law were
good nis new position is unwarranted and ought to he promptly abandoned.
It would not be difficult to give other and equally good reasons against the
Comptroller’s contention, but I am sure te a t the good sense o f the municipal
authorities will prevail over these Imaginary technicalities and lhat tb e city
will be permitted to go on its natural road to improvem ent and developm ent
unhindered.

In an interview with a reporter o f the “ Herald,” Mr.
Coler said he had told the contractors that he would abide by
the decision o f the Appellate Division of the Supreme Court.
He said he did not believe the courts will hold that the
$ 0,000,000 for street opening is a part o f the debt, but he
had to accept the advice o f the Corporation Counsel on ac­
count o f his personal liability. The question had to be
settled definitely, and he had no option in making up the state­
ment.
Paw Paw, M ich.—Bond Litigation.—Local papers state
that Thomas F. Dodge of Lawton has secured a temporary
injunction in the Circuit Court to prevent the sale of the
township bonds recently voted to aid the widening of the S.
H. & E. RR. gauge. The bill claims that the law under
which tbe bonds were voted is unconstitutional, and a per­
manent injunction is asked for. Petition will be made in the
Circuit Court May 17.
Sacramento County, Cal.—Bond Litigation.—Proceedings
were commenced April 27, 1893, against the Board of County
Supervisors to determine the validity of Folsom Road bonds.
Mr. W . B. Hamilton, Clerk Board of Supervisors, writes us
that he anticipates an early decision in favor of the bonds
in the hope that the case can be placed ©n the next calendar
of the Supreme Court.

Bond Calls and Redemptions.

Arkansas.—Rond Redemption.—The State Debt Board has
instructed the State Treasurer to purchase four $1,000
funding bonds issued in 1869 and 1870.
Austin, Texas.—Bond Purchase Authorized.—Robert R.
Lockett, Attorney, has been authorized by the city of Austin
M ILLIO N S IN SID E TH E L IM IT.
to purchase $20,C00 city water and light bonds if they are on
I f this new contention is left out o f consideration and the statement o f the
city’s debt made as every other Comptroller m »de it, the old city was, on the market.
December SI, 1897, inside the debt limit by $89,863,317 83.
Cape Girardeau County, Mo.—Bond Call.—D. A. Drun,
*
*
*
*
*
*
*
*
*
w
*
T he Comptroller’s contention in his figures is inconsistent with his explana­ County Treasurer, has called for payment April 30, 1898, at
tions in the text to an extent which furnishes a com plete answerto all his the State Bank of St. Louis, bonds Nos. 2 to 4 and 6 to 10,
* F er instance, in his attempt to prove the old city in debt beyond the limit, he dated May 1, 1889. Denomination $1,000.
makes on page 7 o f his statement these figu res:
_
Bonds to Be Redeemed.—At a meeting of the City Council
Formfr City of
F ork.
held recently the Mayor was authorized to redeem three $500
,$13?,855,861 27
Net bonded d eb t...
25,123,351 56 funding bonds and one $500 Normal School bond.
Contract liability..
87,765,813 06
Chariton County (M o.), K eytesville School D istrict.—
F or lands acquired.
1, 200,000 00
F or Judgments......
Bond Call.—The district has called for payment 6# bonds
Total................. .............................................................................. . ••$202,943,525 89 Nos. 17 and 57 issued December 31, 1887. Bonds will be pay­
T e n per cent o f assessed valuation o f real estate........... ............... 178,7 ¡8,679 10 able May 28, 1898, at the Farmers’ Bank of Keytesville.
Clear Creek County, Col.— Warrant Call.—G. G. Vivian,
Excess over constitutional lim it.......................................................... $24,224,846 79
A glance at these figures shows that if the Comptroller had not dragged in County Treasurer, has called for payment May 10,1898,
the Item fo r " contract liability ” and that “ for lands acquired ” the old city
warrants Nos. 14,379, 14,382 to 14,398, 14,400, 14.401, 14,405,
was nearly fo rty millions below the debt limit.
14,410 to 14,414, 14,417. 14,418, 14,420, 14,423, 14,426 to 14,436,
DISSECTION OF CONTRACT L IA B IL IT Y .
It is clear, too, that if he be wrong, either in the legal contention that these 14 440 to 14,444. Mr. Vivian writes us that these calls are
items belong in the statement or in the amounts which he has given fo r the made quite frequently.
The county has no bonded debt,
items, then Ris argument falls to the ground, and the city is free to finish its
schools, com plete its fire and water supply, asphalt its streets, carry out its merely these outstanding warrants, which are being paid off
sewer systems, build its bridges and docks and drives, improve and add to its at the rate of about $3,000 yearly. The amount has been
parks and playgrounds, and manage its affairs in the sane and business-like
manner in which they have been carried on since 1871 by men o f various reduced from $48,000 in 1893 to about $5,< 00, which will be
paid before January 1,1899.
^ d o not care to argue at the present time and in this way the question o f
Howell County (M o.), W illow Springs School D istrict.—
law which he has raised. The bl< cbade which it may play on New York for
many years, if sustained, will be so ruinous that I have no doubt it will be Bond Call.—The district has called for payment June 1,1898,
fully discussed and heard in the Courts, where it belongs.
in
St. Louis, $500 6# bond No. 1, dated October 1, 1889.
But the figures are the Comu troller’Bown. H e works them out on thecon" * tract liability item to 125,122,36156.
. ,
,, ,
Limestone County, Texas.—Ronds Redeemed.—The county
T o any one who knows that the contracts which he is considering are m ore
than one hundred in number; that work has not been com m enced on many o f has redeemed $3,000 court-house bonds held in the State Per­
them; that others have been in progress fo r many vears; that some o f them manent School Fund.
are not to be fulfilled fo r years to come; that the amounts to be paid under
M itchell, S. Dak.—Bond Call.—The city has called for
them depend on the quantities o f rock or o f earth found below the surface,
m uch o f which will not be reached in the Comptroller s term o f office, and on payment May 10, 1898, at the City Treasurer’s office the fol­
other uncertainties; that these contracts are affected by disputes between the
city and the contractors, and by litigation often o f long duration, and by all lowing bonds: Nos. 18 to 23, inclusive, dated November 1,
the contingencies o f human life and o f business, it is plain that there must 1883; Nos. 1 and 2, bearing date September 1,1884. Denomihave been a settled determination behind a calculation so daring as this.




y ie w

b l May

7, 1898.J

THE CHRONICLE.

nation of bonds called is $1,000. Interest-will cease May 10,
1898.
j
»
Yernon County (P . 0. Nevada) Mo.—Bond Call.—The
County Court has called for payment September 1, 1898, at
the National Bank of Commerce, New Y ork City, or at the
Mississippi Valley Trust Co., St. Louis, 5% bonds Nos. 13 to
308, inclusive. Bonds are in denomination of $500.

915

the Chronicle last week. W e are now able to state that
proposals will be received until 7:30 p. m. May 16,1898, by
the City Council for the purchase of $200,000 o f 4% paving
bonds. The securities are dated April 1, 1898, and are o f the
denomination of $1,000. Interest will be payable semi annualiy on April 1 and October l, and the principal will mature
April 1, 1928 A certified check on a national bank payable
to City Treasurer George G. Felton, for 5% of the amount bid
for, must accompany each bid.
C arroll (Io w a ) School D istrict.—Bond Sale.—W e are ad­
this
vised that the $20,000
refunding bonds, the sale of which
week have been as follows:
was reported last week, were awarded to N. W . Harris &
Abington, Mass.—Bond Sale.—The city has sold to Jose Co., Chicago, at par.
Parker Sc Co., Boston, $3,000 4% 30 year water bonds at 103 625.
Carthage, Mo.—Bonds Registered—The State Auditor on
Adams (Mass.) F ire D istrict.—Temporary Loan.—The April 30, 1898, registered $4,500 6# current revenue bonds
district has borrowed $6,000 from local investors. This loan bearing date April 28, 1898.
is part of the $15,000 loan authorized in anticipation of the
Cheboygan County, Mich.—Bond Offering.—Proposals will
collection of taxes.
be received until 12 m. May 31, 1898, for $30,000
court­
Albany, Ga.—Bond Offering.—Proposals will be received by house bonds. Interest will be payable semi- annually, and
the Finance Committee, John R. Whitehead Chairman, until the principal will mature $8,000 yearlv on April 1 from 19C3
12 M. May 16,1898,for $25,000 5%gold electric-light plant bonds. to 1912, inclusive. A certified check for $500 payable to the
Securities are in denomination o f $500 ; interest will be pay­ County Treasurer must accompany each bid. W m. N. Cross
able semi-annually at the Mercantile National Bank, New is County Clerk.
York City, and the principal matures 25 years from date of
uiay, w asnington and Webster Districts, Marshall
issue. A certified check for $500 must accompany bids.
Connty, W. Ya.—Bonds Voted.—A t the election held April
Algona (Iow a ) School D istrict.—Bonds Voted.—The dis­ 30,1898, the issuance o f $50,000 5# 30-year railroad-aid bonds
trict has voted to issue $17,000 school-house bonds.
was authorized by a vote of 566 to 271.
Allegheny County, Pa.—Bonds Proposed.—It is stated in
Clinton, Mass.—Bond Issue.—The issuance of $2,500 water
local papers that the County Commissioners will ask the bonds has been authorized. W e are advised that these bonds
June Grand Jury to consider a proposition to issue $300,000 will be placed in the Sinking Fund o f the Water Depart­
worth of bonds to provide the money necessary to erect the ment.
proposed insane asylum at Woodville.
Coahoma County, Miss.—Bond Sale —On May 2, 1898, the
Annandale, Minn.—Bonds Voted.—On April 25, 1898, the $35,000 5% refunding bonds were awarded to F. R. Fulton Sc
village, by a large majority, voted in favor o f issuing bonds Co., Grand Forks, N. Dak., at par. Bonds mature July 1,
for a new hall.
1923. For further description of bonds see Chronicle April
Arapahoe County (C ol.) School D istrict No. 7 —Bond 2, 1898, p. 676.
F
Sale Postponed.—The district has postponed indefinitely the
Comal rounty (P . O. New Braunfels), Texas.—Bond Sale
sale of $40,000 refunding bonds.
—The county has sold to the Permanent School Fund the re­
Atlanta, Ga.—Bond Election Again Postponed.—W e are maining $9,500 of the $43,500 5% 40-year bonds issued for a
advised by Charles A. Collier, Mayor, that the election which new court house. As stated in the Chronicle March 12,1898,
was to have been held last month to vote on the question of $34,000 of these bonds were sold to the First National Bank
issuing $200,or 0 water main bonds has been postponed to of New Braunfels at 103‘ 10.
October 5, 1898.
Continental, Ohio.—Bond Sale.—The village has sold an
B altim ore, Md.—Bonds Authorized.—The Legislature has issue of water-works bonds to W . J. Hayes Sc Sons, Cleve­
passed a bill authorizing the Mayor and City Council to issue land.
$1,875.0C0 stock for the purpose of providing means to enable
Dayton, Ohio.—Bond News.— W e are advised by Mr. J. E.
the Western Maryland Railroad Company to pay and extin­ Gimperling, City Comptroller, that the $50,000 bonds for
guish all of its third mortgage bonds, amounting to $875,000, storm sewers and $’ 50,000 bonds for the repair of levees which
guaranteed by the Mayor and City Council o f Baltimore, were recently authorized by the State Legislature w ill not be
when the same shall mature on January 1, 1S00; also to pay issued for some time. Mr. Gimperling says that the city has
■and extinguish $1,( 00,000 loaned to the same railroad com­ on hand about $90,000 that can be used for this purpose be­
pany and falling due January 1, 1902, secured by a covenant fore issuing the bonds.
of the Western Maryland Railroad Company with the Mayor
Delphos, Ohio.—Bond Election.—An election will be held
and City Council of Baltimore, bearing date April 3, 1872. May 9, 1898, to vote on the question of issuing $5,000 water­
Another bill passed by the Legislature authorizes the issu­ works bonds.
ance of stock to the amount of not more than $4,300,000 for
Dresden, Ohio.—Bonds Proposed.—Tbe issuance of $7,000
the redemption of city loans maturing from March 15, 1900, water-works bonds is under consideration.
to July 1,1900; stock to bear not more than
interest and
Dubuque, Iow a.—Bond News.- Regarding a report that
to mature on or after January 1, 1940.
$14,912 72 bonds were recently awarded to Rudolph KleyBay City, Mich.— Bond Offering.—Proposals will be re­ bolte Sc Co., Cincinnati, we are advised by that firm that the
ceived until 3 p. m . May 16, 1893, by the City Comptroller for report was incorrect and that they did not submit a bid for
the purchase of $49 500 of 5%local improvement bonds. The these bonds.
securities will be dated June 1, 1898; interest will be payable
East St. Louis (111.) School D istrict No. 1.—Bond Issue.—
annually in New York City, and the principal will mature as This district, located in North Range, 10 west, will shortly
follows: $16,5 0 June 1, 1901; $18,500 June 1, 1902, and $>6,- advertise for sale $24,000 5% 10 year school bonds. Arthur
500 June 1, 1903. Each bid must be accompanied by a certified O Leary is the Secretary of the Board of Education.
draft on New York, payable to the Comptroller, for $500.
East St. Louis (111.) School D istrict No. 2. —Bond Issue.—
The bonds will be in denominations of $500 and $1,000.
This district will shortly issue $21,500 5% 20-year bonds. The
Beaver, Pa.—Bonds Voted.—On April 30, 1898, by a vote district is located in North Range, 9 west, and Mr. Gilmore
of 191 to 36 the citizens o f this place voted in favor of issuing is the Secretary of the Board of Education.
$28,000 bonds tor the improvement of the water system.
El Paso, Texas.—Bonds Voted.—The city has voted to issue
Bellevue, Ohio.—Bond Election.—An election will be held $30,000 Q%40 year city hall bonds and $15,000 U sewer exten­
to vote on the question of issuing $7,000 water main bonds.
sion bonds.
Bethany, Mo.—Bonds Registered.—The State Auditor has
Forest (T ow n ) Yiola, R ichland County, W is.—Bond
registered an issue o f 5# water-works bonds.
Offering. —Mr. George W. Waggins, Town Clerk, writes us
Bloom field, N. J .—Temporary Loans.—The Township that bids for the $10,900 refunding bonds w ill be received
Committee has ordered issued a $2,000 note for township UPtil May 25, 1898. A description of the bonds and details
purposes and a $3,000 note for sewer purposes.
of the bond offering will be found in the Chronicle last
Brookhaven School District No. 23, Blue P oint, N. Y.— week, p. 869.
Bond Offering.- On May 7, 1898, at 2 o’clock p. m ., $3,500 of
rran K im bounty (P . O. Columbus), Ohio. —Bond Offering.
echool-building bonds will be offered for sale at auction at — Proposals will be received until 12 o’clock noon May 16,
Firemen’s Hall, Blue Point, N. Y. Interest will be at 5%, 1898, by the County Auditor, for the purr'-ase of $120,000 5%
payable annually, and the principal matures one-tenth an­ bridge repair bonds. Securities are dated May 1, 1893, and
nually, beginning December 1,1898.
are of the denomination of $1,000. Interest will be payable
B utler County, Ohio.—Bond Offering.—Proposals will be semi-annually on May 1 and Nov. 1 at the United States
received until 12 m . May 31, 1898, by Frank X. Duerr, County Mortgage Sc Trust Co., New York City, and the principal
Auditor, for $70,000 4%# bridge bonds. Securities are in will mature $6,000 yearly, on May 1 from 1899 to 1918, inclu­
denomination of $500, dated July 1, 1898. Interest will be sive. A certified check for 1% of the amount bid for must be
payable January 1 and July 1, and the principal will mature deposited with the County Treasurer. The bonds are issued
$10,000 yearly on July 1 from 1899 to 1905, inclusive. Suc­ under sections 2824, 2825, 791, 792, 793, 794 and 795 Revised
cessful bidder will be required to make deposit of $1,000 within Statutes of Ohio, and the proceedings of the Board of County
five days after award is made.
Commissioners of April 26, 1898.
Proposals will also be received until 10 A , M. May 31,1898, by
Genesee (Id a h o) School D istrict.— Bond Offering.—Pro­
Frank X . Duerr, County Auditor, for $10,000 4t%% bridge posals will be received until May 20, 1898, for $5,00J 6# re­
bonds. Securities are in denomination of $500, dated January funding bonds. Securities will be dated July 1, 1898, and
1, 1898. Interest will be payable semi-annually, and the will mature 10 years from date of issue. Interest will be
principal will mature $2,000 yearly on January 1 from 1899 payable at the Chemical National Bank, New York C ity .
to 1903, inclusive. A deposit of $5C0 will be required from Bids will be opened June 1, 1898.
the successful bidder on the day on which award is made.
Gloucester, Mass.—Temporary Loan.—The town has r e
Camden (City), N. 3.—Bond Offering.—Further particu­ gotiated a loan of $50,000 with Bond Sc Goodwin, Boston a t
lars are at hand concerning the bond offering mentioned in 5‘90#. Loan matures October 12,1898.

Bond Proposals and Negotiations




«It5

THE CHRONICLE.

[Y o u LXV1.-

G raceyille (M inn.) Independent School D istrict No. 1.— report in some o f the papers that the district had voted to is- '
Bond. Offering.—Proposals will be received until May 10, sue $10,000 refunding school bonds was incorrect.
1898, for $4,000 5% 15-year school bonds.
Medford, Mass.— L oin Authorized.—The City Treasurer
Grove City, Pa.—Bond Offering.— Proposals will be re­ has been authorized to borrow $150,000 in anticipation of the
ceived until 1 p . M. May 10, 1898, tor $15,000 4# water-works collection of taxes. Mr. P. R. Litchfield, City Treasurer,
bonds. Interest will be payable semi-annually at the the advises us that he will not borrow at present, and that when
First National Bank of Grove City, and the principal will he does but part w ill be borrowed at a time.
mature $3,000 in 1913, $4,0j0 in 1918, $4,009 in 1913 and $4,00)
M ichigan.—Bond Issue.—Local papers give notice that
in 1928.
State Treasurer Steel will shortly issue $200,000 %%% State war
Ham ilton Connty (P . O. M cLeansboro), 111.—Bids R e­ loan bonds in accordance with a bill recently passed by the
jected.—Only three bids were received April 30,1898, for the State Legislature authorizing bonds to the amount o f $500,$280,000 434,% 1-20-year funding bonds. A ll bids were re­ 000. Bonds are in denominations o f from $100 to $1,0C0, and
jected.
will mature at the option of the State after five years.
H ellertow n (B orou gh), Pa.—Bond Offering.—On Satur­
M iddletown, N. Y.— Bonds Defeated.—By a vote of 253 for
day, May 14,1898, at 3 p . m., at the Penny lvania Hotel, Heller- to 353 against, the citizens of this place defeated a propositown, Pa., $20,000 of 4% water-works bonds will be sold at to issue $175,000 bonds for an additional water supply.
auction. Interest w ill be payable semi-annually, and the
Milbank, S. Dak.—Bonds Proposed.—The city has under
principal will mature in 1928, subject to call at the option of consideration the issuance of refunding bonds.
the borough after 1908. Denomination will be $100. t The
Milwaukee, W is.—Bonds Proposed.—An ordinance has
borough has no indebtedness at present. Population is been introduced in the Common Council providing for the
issuance of $250,000 bonds for the erection and operation of a
about 900.
•
Hempstead, Texas.—Bonds Not Approved.—The Attorney- municipal lighting and power plant.
General has refused to approve an issue of $12,000 funding
Montana.—Bond Sole.—The State Capitol Commissioners
bonds of this city on the ground that there was no law au on April 27, 1898, approved a contract whereby the $350,000
6% Capitol-building bonds were sold at par to Thomas Cruse,
thorizing the city to fund its debt.
Hoboken, N. 3.—Bonds Not Yet Awarded.—The $150,000 4# President of the Thomas Cruse Savings Banks, Helena.
repaving bonds, bids for which were asked until April 27. These bonds will be delivered to Mr. Cruse as the building
1898, have not yet been awarded. As stated last week the of the Capitol progresses. Bonds bear date of July 1,1898
Murray (Io w a ) Independent School D istrict.—Bond
only bid received was that of the Title Guarantee & Trust
Co., Jersey City, at par, which was referred to the Commit­ Offering.—Proposals will be received at any time by W. B.
tee of Finance. The committee’s report wiil be presented to Murray, School Treasurer, for the sale of $8,400 5% bonds!
Eight bonds will be in denomination of $1,000 and one of
Council at their next meeting, May 11, 1898.
$400 ; interest will be payable semi-annually at the First Na­
Houston, Texas.—Bonds Proposed.—An ordinance has tional Bank, Chicago, or at the Chase National Bank, New
been introduced in the City Council providing for the issu­ York City. Principal will mature $400 one year from date of
ance of $60,000 bonds, to redeem a like amount of 5% 5-25 issue and $1,000 yearly thereafter, the district reserving the
year bonds issued in 1892. A similar ordinance was passed right to redeem all bonds after five years. The district has
in February, but it is stated that owing to a clerical error it no outstanding indebtedness of any kind. The assessed
became inoperative.
valuation is $168,355 and the real valuation about $500,000.
Humboldt (S a n .) School D istrict No. 16.^-Ponds Voted. Population is about 1,0( 0.
—On April 22, 1898, by a vote of 498 to 24, the citizens o f this
Newark, N. J. - Temporary Loan.—The city has negotiated
district authorized the issuance of $10,000 school-house bonds. with Newark institutions a loan of $500,000 at 4%%. Loan
Isanti County, Minn.—Bonds Defeated.—On April 26, matures in October.
1898, the citizens of this county voted against the issuance
N orfolk, Ya.—Bonds Authorized.—On May 2,1898, the City
of $40,000 railroad-aid bonds.
Council authorized the issuance of $180,000 sewer bonds.
Jackson (M id i.) School D istrict — Bonds Voted.—On
North Pelham (V illa g e), N. Y .—Bond Offering,—Propo­
April 28,1898, the citizens of this district voted in favor os sals will be received until 8:30 p . m . May 20, 1898, by the
issuing $15,000 school-building bonds.
President and Trustees, for $39,000 of sidewalk and streetJohnson County, Kan.—Bonds Proposed.—The Board of improvement bonds. They will be of the denomination o f
County Commissioners has under consideration the issuance $1,500 and may be Registered or coupon at the option of the
of refunding bonds. Securities, if issued, will most likely be purchaser. Interest, not to exceed 5%, will be payable June
taken by the State School Fund Commissioners.
17 and December 17, and the principal w ill mature $1,500'
Johnstown, N. Y.— Temporary Loan.—The city has placed yearly, beginning June 17,1903. Cash or certified check for
a short-time loan of $3,000 with the Johnstown Bank.
$3,900, payable to the village of North Pelham, must accom­
Jones County, Texas.—Bond Issue.—W e aje advised that pany each bid. The bonds will be awarded to the bidder
at the meeting of the Commissioners’ Court to be held May 9. who offers to take them at the lowest rate of interest, and
1898, $10,000 5% bonds will be issued to refund a like amount bids for less than par cannot be accepted. The village at
of 6# bonds recently declared legal, as stated in last week’s present has no bended debt.
Chronicle. The old bonds are held in the school fund of
North St. Paul, W is.—No New Bonds.—Regarding a re­
Matagorda County.
port that the village had issued $15,000 water works bonds,
Junction City, Kan.—Bond Sale.—Bonds to the amount of we are advised by J. W. Herrick, Clerk, that the village had
$4,000 have been taken by the State School Fund Commis­ nut issued any bonds. Mr. Herriek says : “ W e have simply
sioners. These securities are to refund a like amount of 1% bought tbe existing plant and agreed to pay at least $500 per
bonds, and will bear 5£ interest, maturing in 15 years.
year at 4% until we have paid $15,000.”
Kalamazoo (C ity), Mich. - Bonds Defeated.—A t an election
Norwalk, Ohio.—Bond Issue —Local press reports state that
held April SO, 1898, the proposition to issue $210,000 improve the $30,000 water-works extension bonds will be sold shortly.
ment bonds was deated by a vote of 1,102 to 662.
Ogden (U tah) School D istrict.— Temporary Loan.—The
Kansas City, Kan.—Bonds Authorized.—On April 19, 1898, Board of Education has borrowed from Weber County $6,000
the ^Council passed an ordinance providing for the issuance oi for one year.
$37,108 6# street-improvement bonds. Seventy-four bonds are
Ogdensburg, N. Y .—Bond Offering— Proposals will he re­
in denomination of $500 and one o f $108, bearing date May 2. ceived until 3 p. m . May 14, 1898, by W. M. Stephens, City
1898. Interest will be payable February 1 and August 1 at Treasurer, for $33,250 4% water-works bonds. Securities are
the Kansas Fiscal Agency in New York City. Principal will issued pursuant with an act o f the Legislature authorizing
mature $2,108 February 1, 1899, $2,500 yearly on February 1 tbe issuance of $75,000 bonds, o f which $41,750 were sold last
from 1900 to 19f|3, inclusive, and $5,000 yearly on February 1 fall. They are in denominations o f $750 and $1,000, and mature
from 1904 to 1908, inclusive.
$1,750 yearly on July 1 from 1899 to 1917, inclusive. Interest
K e rr County, Texas.—Bond Issu e—The county has issued will be payable Jan. 1 and July 1 at the Ogdensburg Bank..
$18,000 5% 30-year refunding bonds. W e are advised by, Mr.
Olathe (K an.) School D istrict.—Bonds Voted.—A t a spec­
Charles Schreiner, County Treasurer, that the bonds w ill be ial election held April 30, 1898, the issuance of $15,000 school
taken by the State School Fund.
building bonds was authorized by a majority of over 300. '
„ Leominster, Mass.—Loan Authorized.—The Town Treas
Onarga, Iroqu ois County, 111.—Bonds Voted.—It is stated
urer has been authorized to borrow $8,500 for the purpose of that the issuance of $10,000 sidewalk bonds was recently
extending water pipes. “ This loan,” Mr. Charles A. Joslin, favorably voted upon.
Town Treasurer, writes us, “ will not be negotiated at pres­
Orange County, F ullerton Union High School D istrict,
ent, as there are certain requirements which the W ater De­ Cal.—Bond Sale.—On April 25, 1898, the $5,000 7# bonds were
partment must fulfill before the work is commenced, and 1 awarded to M. K. Luber at 107’525. Following are the bids t
, shall make no effort to place the loan until these details are
g| Jl'
,
Premium. I
Prem ium .
attended to.”
M. K. L uber................................... $376 25 Santa Rosa National B ank........ $201 28
. H . Burnham..........................
32500
|Firemen’s Fund Ins. C o . . . . . . . . . 20 i 00
Lexington, Neb.—Bonds Defeated.—A t an election held re­ W
Isaac Springer. ........ . . . . . . . .......... 32500 |O. M. Souden................................
17750
cently the question of issuing $8,500 bonds to raise money to W . J. Hayes & Sons, Cleveland.. 275 00 First National Bank, Santa Ana. 100 OO
Fruit Growers’ Bank..................
20600
I
run the city government was defeated by a large majority.
Liberty, N. Y.—Bonds Authorized.—The Legislature has
Bonds mature $500 yearly on April 1 from 1899 to 1908.
passed an act authorizing the town to refund their outstand­ For further description o f bonds see Chronicle April 23,
ing bonds at maturity. These bonds mature $5,000 yea rly on 1898, p. 822.
■'
^
July 1, and new bonds to that amount will be offered for sale
Oshkosh, W is.—Bonds Proposed.—The issuance o f $30,000
each year.
bonds in aid of the public library is under consideration.
Lincoln Township, Reno County, Kan.—Bond Sale.—The
Ottawa County, Ohio.—Bond Election.—W e are advised
county has sold $10,000 5% 10-20 year refunding bonds to tbe that an election will be held some time this summer to voto
State School Fund Commissioners. Bonds are in denomina on the question of issuing the $50,000 court-house bonds au­
* lion of $1,000, dated April 15, 1898.
thorized by the State Legislature.
Madison (M o.) School D istrict.—No Bonds Voted.—W e are
Pleasant H ill (M o.) School D istrict.—Ronds Voted.—
advised by John F. Smack, President School Boards that the Local papers state that at an election held recently, the citi-




M a t 7, 1898.J

T E fE

&l 7

C B ^ Q N I C I íE .

Rush City (M inn.) School D istrict.—Bond Offering.—
Proposals will De received until 12 m . May 10,1898, by J .E :
Gemmel;, Clerk Board of Education, for $10,000 school
bonds.
Saginaw, Mich. -B on ds Be awarded.—On April 25, 1898,
the city re-awarded the $60,000 4# bridge bonds to Dietz,
Denison & Prior, Cleveland, at 100 76. These bonds mature.
$10,000 yearly on April 1 from 1918 to. 1923, inclusive, and
were originally awarded on March 19, 1893, to C. H. White
& Co., New York, at 104’833.
St. Paul, Minn.—Tax Certificate Sale.—The city has sold
$200,000 tax-levy certificates to local investors. These certifi­
cates, as stated before in these columns, are issued monthly
until the legal limit, which is 80# of the tax levy, is reached.
They bear 4# interest and average about 15 months.
Sea Cliff, N. Y.—Bonds Voted.—On May 4,1898, at a special
election, the issuance of $8,000 sidewalk bonds was author*
ized by a vote of 37 to 8.
Sellersville (P a .) ScboolDi&trict.—Bond S a le .-On April
9,1898, the town sold to local investors at public auction
$5,000 4# bends at an, average price of 100/40. Bonds mature
yearly on September 1, from 1899 to 1912, in sums ranging,
from $300 to $500. Interest payable March 1 and September 1.
Sheldon (N. Dak.) ’ ch ool District. - Bond Election.— An
election will be held to vote on the question of issuing $8,0 >0
school-house bonds.
Shell Rock (Iow a). School D istrict.—Bonds Defeated —
A t the election held April 20, 1898, the proposition to issue.
$t,500 school-house bonds was defeated by a vote of 244 to 248.
Sistersville, W. Ya.—Bond Offering.—The Council has di­
rected that an issne of $6,500 bonds be advertised for sale.
Sonoma, Cal.—Bonds Defeated.—At an election held re­
cently the question of issning $18,000 water-works bonds, was
defeated, the proposition lacking eight votes of the necessary
two-thirds. W e are advised that another election w ill be
held as. soon as the law will permit.
W . H . Acker. Richmond ............. $9.305 IW i A . Devttt Co.. Chicago............$9,050Southbridge, Mass.—Temporary L o a n —The Town Treas­
R om eo Savings Bank................... 9,3011T iB . P o tte r,C h ica g o ................... 9,01,0
C.'B.’Tem olei Grand R apids.... 9,144 S. A . Kean. C hicago;..................... 9,000* urer has been authorized to borrow $50,000 in anticipation
Thom as Potting, R ic h m o n d ....... 9,076 |W . J. Hayes & Sons, Cleveland.. 8,900
o f the collection of taxes. Loan matures November 1,
Bonds mature $1,000 yearly on May 1 from 1911 to 1919, in­ 1898.
clusive. For further description of bonds see C h r o n i c l e
Suffolk, Ya.—Bond News.—Mr. John F. Lotzea, Town
April 16, 1898, p. 778.
Treasurer, writes, us that the town anticipates the issuing of

zens authorized the issuance o f school bonds by a vote of 188
to 80/
Pleasanton, Cal.—B onis Defeated.—A t the election held
recently the question of issuing bonds for a water-works sys­
tem and electric-light plant was defeated by a large majority.
Portland, Ore.—Bond Sale.— W e are advised that the $10,95o 63 6# gold street-improvement and sewer bonds recently
authorized have been sold.
Portsm outh, Ohio.—Bonds Not Sold.— Temporary Loan.—
It is stated in local papers that the city has not sold the $20,000 4% refunding bonds, bids for which were asked until
April 25, 1898. Owing to the failure o f the city to sell
its bonds, a loan of $20,000 was negotiated for the pay­
ment of the railroad-improvement bonds maturing May 1,
1898.
Portsmouth, Ya.—Bond Sale.—On May 3,1898, $29,000 5g
paving redemption bonds, were awarded to Merchants’ &
Farmers’ Bank, Portsmouth, at 104,011, Bonds are in de­
nomination of $5**0, dated June 1, Ï898. Interest w ill be pay­
able June, 1 and December 1, and the principal will mature
June 1,1928. Bonds are exempt from city taxes.
Prescott, A riz.—Bonds Voted. — At the ejection held April
19, 1898, the city authorized the issuance of $150,000, water­
works and sewer bonds by a vote of 411 to 9.
Quincy (Y illage), Ohio.—Bids Rejected.—AlVbidR received
on May 3,1898. for the $5,0Q0 o f 6$ water-works bonds were
rejected., as none complied with the conditions of sale. N.
P. Swank, Yillage Clerk, informs us that the bonds will not
again be offered for sale.
Ramsey County, N. Dak.—Bonds Not. Sold.—The county
did not receive any bids on April 4, 1898, for the $2,100 6#
funding drainage bonds advertised for sale.
Richmond, Macomb County, Mich.—Bond Sale.—On April
28,1898, the !9,QQQ 5# electric light bonds were awarded to
W . B. Acker, Richmond, at 103 39, Following are the
bids:

IN V ESTM E N T S.

IN V E S T M E N T S

H IG H -G R A D E

Investm ent Bonds

State, Municipal, County, School

BONDS.
Legal investments fo r Savings Banks In New York
and all New England;

IN V E S T M E N T S,

FOR

New York Savings Banks
and Trustees.
L IS T S S E N T U P O N A P P L I C A T I O N

Rudolph Kleybolte & Co.,

MEMBERS OF BOSTON AN D N EW YORK
STOCK EXCHANGES.

B A NK ER S,

R. L. DAY & CO.,

3 3 and. 37 Nassau Street, New Y ork .
Cincinnati.
P hiladelphia.

4 0 W a te r Street, Boston.
1 B ro a d Street, N ew Y o rk .

L IS T S B A IL E D UPON A P P L IC A T IO N .

Governm ent and
Bonds
A D A M S & C O M P A N Y , S O U G H TMAunicipal
N D SO LD .
APPRA ISEM E N TS K A D E OR QUOTATIONS
FURNISHED FOR TH R .PU RC H A SE , S A L E . OB
EXCHANGE OF A BO VE SECURITIES,

B A K E R S
D E A LER S IN-

IN V E S T M E N T BONDS,
tyembers o f Boston Stock Exchange,

No. 7 Congress and 31 State Streets,

BOSTON;

M ASO N, LEW IS & Ç O .,
BANKERS.
6 7 B ilk Street, Boston.
171 L a S a lle Street, Chicago,
O FFER FOR SALE

e, V t . . ..................................................... 4s
f tow
erial i a . 1 4 « ,.......................................... ...............

T rinidad, Col. (G old)............................
5s
L a k e County, In d...........................
5s
t*outh Ouiaha, N e b .. .....................
5s
B o in e n c e ,lll ............................................... 5s
B angor & A roostook R R . F irst B o rtg ...5 s
T h e A kron Gao Co,, A kron . O ., 1st B ts.fte

M U N IC IP A L

BO N DS.

Securities Netting from 8K to 6#

K

W .

H A R R IS

&

$ l7

5 ,O ^ O v

Los Angeles Ti action Oo.
le t m ortgage 6% 2 0 - y e a r G old Bonds .
Total issue $250,000.
First Mortgage, a(,$14,000 per mile.
Set earnings fo r 28 months o f opt ration, $39,983 99
equivalent to 12$ on the total issue o f bonds.
Population o f Los A ngeles,103,079,
Send fo r f u li description o f property.

E. H. R O L L IN S & SO N S,

NEW YORK HOUSE
T o

3 5

N a s s a u

S treets

G round F loor.
CH ICAG O ,
LOO Dearborn Et.

NEW Y O R K .
3 5 NjtASfut. St.

WHANN& SCHLESINGER,
M U N IC IP A L B O N D S

19 B ilk S treef, Boston, B a s s ,

Have Bemoved from 2 Wall St-, to the

E D W A R D C. JO N E S CO.

EMPIRE BUILDING,

D E A LER S IN

Municipal, Railroad,
direst Railway,and Gas

D UKE M. F A R S O N , Banker,

Syracuse, N* Y .t RaP)U .Tra»fJt R ’ w ay 5s.




Leach & Co.

Announce the Removal o f their

C O ,,

BANKERS,
31 NASSAU ST. (B ank of Commerce Bldg.)

B O N D S /

1 8 2 Deajrborn'Street
CH ICAGO,

Farson,

JOISTS,QN A P P L IC A T IO N .

A L W A Y S ON H AN D .
Send fo r our Investm ent Circular,

Municipal Bonds,

W IL S O N & S T E P H E N S ,
4 4 W A L L S T ., N . Y ., B U Y ’
A N D S E L L O U T R IG H T O R
ON C O M M IS S IO N S T A N ­
DARD
R A IL R O A D A N D
M U N IC IP A L B O N D S . U N ­
D E R L Y IN G A N D S H O R T T IM E B O N D S F O R B A N K S
A N D IN S T IT U T IO N S A
S P E C IA L T Y .
L IS T S O F
O F F E R IN G S O N A P P L I­
C A T IO N .

N EW YO R R ,"
P H IL A D E L P H IA ,

-

1,NASSAU STREET.
4gl CHESTNUT ST.

71 Broadway,
NEW

YORK.

W A RRA N TS.

Carefully selected, High-grade State, County, City
and Publio School issues, maturing in 0 to 24 months
and earning 6 to 8 per cent our specialty.

R O B T . E. S T R A H O B N de CO.,
Equitable Building,
Boston, B a s s .

THE CHRONICLE.

918

the electric-light plant bonds, authorized by the last Legisla­
ture, some time in the future. Mr. Lotzea says that their
issuance has been postponed on account of the war
scare.
Sunflower County, Miss.— Bond Bale.—On May 2,1898,
the $20,000 5% 25-year court-house bonds were sold to the
First National Bank, Portage, Wis. N o other bids were re­
ceived on 5# bonds, but several proposals were offered for
bonds.
Syracuse, N. T.—Temporary Loans.—The city on May 2,
1898, placed a loan of $100,000 with the First National Bank
of Syracuse at 6*, payable November 18, 1898. The city also
negotiated last month an eight months’ loan of $K 0,000 with
the Onondaga County Savings Bank of Syracuse at 4%, a six
months’ loan of $13,000 with the First National Bank of Syra­
cuse at 5# and a loan of $11,000 with the Onondaga County
Savings Bank of Syracuse at 5$.
Tacoma, Wash .— Temporary Loan.—The city has nego­
tiated a loan of $16,000 with the National Bank of Commerce.
W e are advised that a large amount of semi-annual interest
on Tacoma bonds becomes due just prior to the date when
taxes become delinquent, which necessitates these short-time
loans.
Towner County, N. Dak.—Bond Election.—An election
will be held May 17, 1898, for the purpose of voting on the
question of issuing $20,000 court-house bonds.
Tripp, S. Dak.—Bond Sale.—On April 18, 1898, the $5,000
6# 20-year water-works bonds were awarded to F. G. Hale,
Scotland, S. Dak., at 101‘16. Following are the bids:

$2,000 5% electric-light bonds. Securities are issued pursuant
with sections 2835, 2836 and 2837 Revised Statutes o f Ohio,
and were authorized by ordinance No. 434 passed April 19.
1898. They are in denomination of $1,000, dated March i,
1898, and mature March 1, 1903. Interest will be payable
semi-annually. A cash deposit of $50 will be require! with
each proposal.
Utica (N. Y.) School D istrict.—Bond Bill Signed.—The
Governor has signed a bill legalizing the issuance of $30,000
school bonds sold last December.
Vernon County, Mo.—Bond Sale.—The county has sold to
the William C. Little & Bro. Investment Co., St. Louis,
$148,000 4# refunding bonds at par. These bonds are to re­
fund a like amount of 5 per cents, the call for which will be
found elsewhere in this Department.
W apello County (P . O. Ottumwa), Iow a.—Bonds A u ­
thorized'.-—On April 12, 1898, the Board of Supervisors passed
a resolution authorizing the issuance of $14,000 4%% bonds to
fund outstanding warrants. Bonds are in denomination of
$1,000, dated April 15, 1898. Interest will be payable semi­
annually at the office of the County Treasurer, and the prin­
cipal will mature $7,000 on October 1, 1908, and $7,000 Oct­
ober 1, 1909.
W ashington County, Me.—Bond Sale.—W e are advised
that all proposals received April 30, 1898, for the $75,000 4%
bonds were unsatisfactory, with the exception of one at 101,
for part of the issue, which bid was accepted. The other pro­
posals were rejected and the remainder of the bonds were
sold at private sale to Farson, Leach & Go.. New York. Bonds
mature January 1,1928, subject to call after January 1, 1923.
For further description of bonds see C h k o n i c l e April 23,1898,
p. 822.
Waukesha, W is.—Bond Bale.—On April 29, 1893, the $30,000 4% school bonds were awarded to Waukesha National
Bank at par. This was the only bid received. Bonds mature
yearly on April 1 as follows: $500 from 1899 to 1904, inclusive
$1,000 in 1905, and $2,000 from 1906 to 1918, inclusive. For
further description of bonds see C hronicle April 23,1898,

F. G. Hale, Scotland.....................101*16 I S. A . Kean (less 1J#{)................... 100*00
F. R. Fulton A Co., Grand Forks. 100*05 Trowbridge & Co. dess $210)
100*00
Masonic Aid o f Yankton............. 100*001

Troy, Ohio.—Bond Offering.—Proposals will be received
until 12 m . May 24,1898, by P. J. Goodrich, City Clerk, for
$10,000 4
street-improvement bonds. Securities are in de­
nomination of $1,000, dated April 1, 1898. Interest will be
payable semi-annually, and the principal will mature April
1, 1908. Bonds are issued pursuant with House Bill No. 439
passed March 25, 1890, and were authorized by ordinance
passed April 8, 1898. A cash deposit of $50 will be required
with each proposal.
Bids will also be received at the same time and place for

IN V ESTM EN T S.

p. 822.

W infield, K an.—Bond Sale.— The State School Fund Com­
missioners have purchased $2,000 b% 10-20-year refunding
bonds of this city.

IN V ESTM EN T S.

Governm ent, M unicipal Blodget, Merritt & Co.,
B A N K E R S.

and Railroad Bonds

16 Congress Street, Boston.

B O U G H T AN D SO LD .

S TATE, CITY & RAILROAD BONDS

Descriptive Lists on Application.

W ashington Se cu ritie s
W anted.

C. H. W H I T E & CO

The undersigned will purchase Mortgages and
other securities. Sheriff’s Certiticates o f Sale, and
Warrants issued by Counties, Cities, Towns and
•5 School Districts o f the State o f W ashington.

BANKERS,

C A LV IN P H ILIP S,
CALIFO RN IA BUILDING,

TACOM A.
3 1 N A S S A U S T .. N E W Y O R K .

W ANT

-

TO

W A S H IN G T O N .

BUY

OLD

IS S U E S

TEXAS

Francis Ralston Welsh,

C O U N T Y AN D C IT Y BO N DS
ROSENBERGER & LIVERMORE,
NUM BER F O R T Y

IN V E S T M E N T S .
Municipal, Railroad and other

BO N DS.
828 CHESTNUT STREET, P H IL A D E L P H IA .

E.

M U N IC IP A L BO NDS.
C. S T A N W O O D & Co.
BAN KERS,

121 Devonshire Street,
BO STO N .

W . J. Hayes & Sons,
BANKERS,

DEALERS IN MUNICIPAL BONDS,
Street Railway Ronds, and other high-grade In­
vestments.
B J8TON, MAS8.,
C le v e l a n d , O h io .
7 Exchange 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 .”




[Vql. La v I,

W ALL

S T ., N . Y .

William E. Nichols,
15 W A L L STRE E T,

-

NEW YO RK

M U N IC IP A L W A R R A N T S .
SEND FO R

LISTS.

ATTORNEYS.

Robert R . Lockett,

M IS C E LLA N E O U S .
Fred. H , Smith,
NO. 8 B R O A D S T R E E T N E W Y O R K ,

STOCKS AND BONDS.
KARGIN ACCOUNTS SOLICITED.
INTEREST A LLO W ED ON BALANCES,
arket Letter on Application. Correspondent9
Invited. Established 1868
HI classes o f Unlisted Securities and Traction
Stocks Bought and Sold,

Bank and Trust CompanyStocks
New York and Brooklyn
BOUGHT A N D SOLD,

C LIN T O N G IL B E R T
a WAH,

ST.,

NFW YO R K .

American Express Co.
Bstabliahed 1841.

Capital, 918,000,000

65 BROADWAY.
Issues TRAVELERS CHEQUES immo
diately available as funds everywher
Draws FOREIGN DRAFTS in S terli:
Francs, Marks, and M o n e y O r d e i
on all parts o f the Commercial World.
Makes CARLE TRANSFERS o f money
to England and the Continent
These facilities are obtainable
offices o f the Company.

at

all

A U S T IN , T E X A S ,
A T T O R N E Y -A T -L A W .
Does a general practice in all the higher courts o f
Texas, and before the different departments o f the
State Government. Bond, Insurance and Corpor­
ation litigation, Charters and coiporate permits se­
cured. County and municipal bonds examined. Ir­
regular bond issues adjusted. Law correspondents
in every city and tow n in Texas. Trivial business
n ot solicited.

Theodore Leonard,
A T T O R N E Y -A T -L A W ,

Investments and Corporations.
Reference, First National Bank.

CO LU M BUS, O H IO .
W heeler Bldg.

S E C U R E BANK. V A U L T S .

O F M U IM

WELDED CHROME STEEL AND IRON
Round and Flat Bars and 6-ply Plates and Angles
,
FOR SAFES, V A U L T S , Ac.
Cannot be Sawed, Cut or Drilled, and positively
Burglar P roof.
CH RO M E STEEL W O R K S ,
Kent A ve., Heap A H ooper 8ts.
Sole Man’f ’erslln.the.U.LS. B R O O K L Y N , N . V

May 7 , 1898.]

THE CHRONICLE.
and

%xa%txs

©ut of f£jeur IJjnfc*

C H IC A G O

SO U TH ERN .

A . O. Slaughter & Co.,

W i l l i a m W il s o n & S o n s , Established 1802.
W il s o n , C o l s t o n & Co.,
“
1867.

B A N K E R S AND B R O K E R S,

Wilson, Colston & C o.,

Members New York

Stock

Exchange, Chlcagi

took Exohange and Chicago Board o f Trade.

Jamieson

&

C o.,

Clark

&

C o.,

139 S o u t h F o u r t h S t .,

N o.

P H IL A D E L P H IA .
Transact a general banking business.
A llow *
Interest on deposits.
Members o f the Philadelphia and New York Stock
Exchanges, and connected by private wire with
New York.

Investm ent and Miscellaneous Securities a spec­
ialty, and whole Issues handled.
Exceptional facilities fo r dealings in all classes o f
Southern Bonds. Loans on Collateral Securities
negotiated,
________

Mottu, de W itt & C o., Edward B. Smith & C o.,
Bankers and Brokers,

Membera New York and Chicago Stook Exchange«

BANKERS AN D BROKERS,

BOURSE BU IL D IN G .

NORFOLK, V A .

1 0 9 L A S A L L E ST R E E T,

PHILADELPHIA.

Chicago, Ills .
Private wire to New Y ork and Philadelphia.

&

W.

BAN KERS AN D BROKERS,

„
«A N K E R S .
21 o East B altim ore Street, B altim ore.

S T O C K S —B O N D S ,

Sidney Loeb

E.

Members o f Baltimore Stock Exchange.

1 1 5 -1 1 7 L A S A L L E S T R E E T .

C H IC A G O , I L L S .

P H ILA D E LP H IA .

C o.,

SOUTHERN

MORTGAGE BANKERS.
First Mortgages fo r sale in large and small amounts,
netting investors 6,
and 6 per cent, secured by
im proved and income-bearing Chicago city property

W .G . H opper .
h . s . H o pp es ,
Members o f Philadelphia Stock E xch a n g e d

Davenport & C o.,
B A N K E R S

Successors to L>oeb & Gatzert,

1 2 6 L A S A L L E S T R E E T , C H IC A G O ,

Members Phlla. and New York Stock E x ch a n g e !

INVESTM ENTS.

AND

W m . G. Hopper & C ó.,

B R O K E R S

R IC H M O N D , V I R G I N I A .

STOCK AND BOND BROKERS,

ESTABLISHED 1860.
Correspondence solicited and information fur­
nished about Southern State, Municipal and Rail­
road Investment Securities.
R eference—Bank o f New York N. B A.

28 South Third Street, Philadelphia.
IS U B ® P T I O N RpTRICKS.°n ***

SUPpllôdat

Telephone 160.

Principal and Interest Payable In Gold.
CORRESPONDENCE SOLICITED.

C. W . Branch & Co.,

C. & H . Borie,

A . G. Becker & Co.,

BANKERS AND BROKERS,

B A N K E R S AND B R O K E R S ,

State Bank B uilding ,
R I C H M O N D ,

(IHCORPORATED),

C O M M E R C IA L P A P E R

Third and Chestnut Streets,
PHILADELPHIA, PENN.

P IT T S B U R G .

199 La Salle S t, Chicago, 111,

C IN C IN N A T I.

V A .

Private wires connecting with W ashington, B aiti- I
more, Philadelphia, New York, Boston and Chicago.
New York Correspondents: Messrs. Ladenburg,
Thalmann & Co. and Lehman Bros.

A . Strass burger,
STOCKS & BONDS B R O K E R
BOUTHERN INVESTMENT SECURITIES,

Irwin, Ballmann & Co ,

Montgomery, Ala.

BANKERS AND BRO KERS
D e a l e r in C i n c i n n a t i B o n d s .

N . Holmes & Sons,
BANKERS.

P IT T S B U R G ,

CORRESPONDENTS
Bank o f New York, N. B. A .
First National Bank o f Philadelphia.

No. 3 7 Eaat Third S t „ Cincinnati. O hio

PITT8JBU RG ,

S e a s o n g o o d 6c M a y e r ,
M U N IC IPA L BO NDS.

High-Grade City, County Town and School Bonds
Issued in leading prosperous States o f the Union
tspecLahy adapted for safe and perron tinni ihvanu
naent f w k -uhi ^ and i m*i Kund»

WŒkxitïuq

18

W ALL

STREET,

NEV

YORK

Established 1 8 0 5 .
MEMBERS OF NEW YORK STOCK EXCHANGE
A llow interest on deposits subject to sight ohea*
Buy and sell on commission stocks and bonds elthei
for cash or on margin, and deal in

Investment Securities.
H. J. Mows«. CHA8

d.

Marvin .

PA.

ESTABLISHED 187L

B A J lK K K h ,

8. W . C orn er T h ird and W a ln u t S treet.,
C IN C IN N A T I, O H IO .

PEM .

w

m

Kidder

[Whitney & Stephenson,
BANKERS AND BROKERS

N o. 67 F O U R T H A V E N U E .

Oldest Pittsburg Members N. Y. Stock Exchange.

T . Mellon & Sons’ Bank,
P IT T S B U R G H , P A .

Sapxr.

I G ENERAL

w

w

BAN K IN G ,

COLLECTIONS

INVESTMENTS.

M IS C E LLA N E O U S .
MINING INVESTMENTS.

H . J. von Hemert & Co.,

B A N K E R S S H O U L D T H IN K
More seriously about the paper used in their ac­

B A N K E R S AND B R O K E R S ,
C O L O R A D O S P R IN G S , - - C O LO .

count books.

Members Colorado Springs Mining Stock A ssociation.
W eekly Market Letter sent upon application.

Do you know the Whiting Linen

Ledgers 9 They are perfection, and will withstand
the severest tests of-erasure and re-writing.

Ed w ards W h ita k e r ,

They

Charles H odgman

are made in tints that give the eye most ease by nat­

Whitaker & Hodgman,

ural or artificial light. Recommended by oculists.
W rite for samples and booklet, free.

BOND A N D STOCK B R O K E R S ,
8 0 0 N o r th F o u r t h S tr e e t,

W H IT IN G P A P E R C O M P A N Y ,
H o l y o k e , M a s s .,

and

S T . L O U IS .

150 D u a n e S t r e e t , N e w Y o r k .

James R ichardson

H ow ard Lee Olark

Richardson & Clark,

w



BANKERS,

w

125 Exchange Street, Providence, R. I.
Commercial Paper, Bondi, fltoekr and
Local Securitise.

î

T H E
e ta tto n .

W

O O D W

C H R O N I C L E . __________________________________

1

g a n lts .
F IR S T
O F

A R D

|

N A T IO N A L
B A N K
M IL W A U K E E .

Y itr a u c ia l.
m
w

x

H a t fft
r t a t c n

*

&
K

S o n s
ö o n s >

&

115

A r r , T f T , , . , T 1 C A P IT A L .................................. .......
BANKERS AND BROKERS,
S T I L L M A N , SU RPLU S,
8 3 5 0 ,0 6 0
I Transacts a General Banking and Foreign Exchange I 9 6 BrOftdWfty & 6 W a l l St», N ew Y o r k
I Business. Collections receive Special Attention.
COTTON
M E R G H 'A N T 8
I
OFFICERS;
Members of N. Y. Stock and Produce Exchanges
1
iTi c. rv w n n n
I Jr. G. BlGKLOW, Prôà’tv F. J. KlPP, CrnhÎèr.
I
„
„
I
f A
• *
Dealers n investment stocks and bonds.
to
WILLIAM STREET* ...... ■
~ " Personal attention g ven at the New York Stock
I
Q ori
P r a n r*1 e /"**"»
I Exchange for the purchase and sale on commission
NEW
Y O R K .
O d .ll
A Id llL lo L U t
{ of stocks and bonds for cash or on margin__________

22

I

ÜOTTON o p a l l q r a d e s SUITABLE
WANTS OP AMERICAN SPINNERS.

T h e

to

|

^

F ir s t N a t io n a l B a n k
gA N F R A N C IS C O , C A E .

------------------— “ ------ -— -------- ------------------------ I
UNITED STATES DEPOSITARY
Lehman, STSRN A CO„ Limited, New Orleans, La. I Capj tai, § 1 ,5 0 0 ,0 0 0 | Surplus, 9 0 3 0 ,0 0 0
LhAmah-Dubh Co., Montgomery, Ala.
I 8 G. Murphy , President. J as . K. Ltnph ,.Cashier.
I Jambs Moffjtt, V>Pres. J. K. Moffitt. Aèt. Cash'
L

E

H

M

A

N

c o m m is s io n

B

R

O

S . ,

m e r c h a n t s

~

,

I

N os. 1 6 -2 2 W i l l i a m S t r e e t,
*
NEW Y O R K .
^

F.

C a n a l
B a n k ,
NEW ORLEANS, LA.
(Successor of N. 0. Canal & Banking Co.)
I
C A P IT A L , 8 1 ,0 0 0 ,0 0 0
q( MORRIS, President. EDWARD TOBY, Vice |

I
I

H .

P r in c e

&

C o .,

o * Mirp R ti
O A N a tH o
q a Q T A M
M A C C
D Ü S
I U N ,
IVlM OOs
___

P
C
E
E
£ Q
R * ^ ^ l f 0 ^' ! CotTespondents—National City JBanktj Nation*. H I G H B R A D E I N V E S T M E N T S
FEE AND PRODUCE liO H A H öJ tS ,
I Bank ofCommerce, New York* Boatmen’s Bank St. I
NEW YORK
I Louis: N. W. National Bank, Chicago: Merchants’ I
____
I National Bank. Boston
Orders executed on the above Exchanges, as well I
CH ARLESTO N
"
I Members of New York and Boston Stock Exchanges
in New Orleans. Chicago and foreign markets
I x> NATIONAL BANKING AS8(jciATION
I
:---------------- ---- — --------------------------------C H ARLESTO N , StL C A R . ^
I
H e n r y

u o n m

H e n t z

s s io N

&

C o .,

9PBPLU3-

- . - •ESi o "

,

m e u c u a v t s

ffio tto u .

16 to 3 9 W illia m Street, Now Y o rk .
IWXECUTB ORDERS FOR FUTURE DELIVERY I
c

o

t

t

o

n

,

......

n

m

n

R I O
C O F F E E ,

n

( l I

„

-i,

R D

A N

&

C O ,,

............ ............... .......................................
H A V E N

C o ttO n .
W »U L IU 11 ,

G r a in *
V jic ix ix j

43 C O T T O N

S to c k s ,

f NEW YORK STOCK EXCHANGE,
Members of j NEW YORK COTTON EXCHANGE,
[ CHICAGO Bo a r d o f t r a d e .

B X CH A N G E ,

wwtàK vnTMT.

H o p k in s , D w ig h t & C o .,
L . » « . O . ™ ™ , on.

Orders executed On above Exchanges in
I B O N D S , S T O C K S . C O TTO N ,

NB

—
R .

I ------------------------------- —
c o m m i s s i o n

I

m e r c h a n t s

Q eo.

H .

M °P a d d en

&

* ,

,

,

H u b b a r d

Ream 8 9 . Cotton E xchange B uilding.
NEW YORK
Gnstavus 0, Hopkins.
Lucius Hopkins Smith.
Charles Di Miller.
Samuel Hopkins.

|
I

B ro J

^

_

B ros*

&

I

C O T T O N

N o, 10 W A L L S T R E E T ,
IN V E S T M E N T a n d M IS C E L L A N E O U S
S E C U R IT IE S .
S o u th e r n S e c u r itie s a S p e c ia lty .
, .... r----- ----- ------------------------------- — ----------

M E R C H A N T S .

A .

R .

COTTON B R O K E R S ,

S m ith

MO. W. BAÏLT.

I Paul Schwarz.

G. Howard W ilson. I 18. W A L L S T R E E T ,

C o .,

&

J




,

J. A. MONTOOMBKT
M o n tg o m e r y ,

.
C O M M IS S IO N M E R C H A N T S ,
« ■. .
s b w v flU K
Cotton Bkdknngd B ld g.
Kxosute Ordsrs for futurs Dslirsry of Cotton.
Omln and ProvUion*

^ W

i c k l e ,

R O U N T R E E &
C O ., U N I T E D
S T A T E S
BO N D S
COMMISSION MERCHANTS.
I
B ought and Sold bT
cotto n , G rain, P rovisions and C offee .
I
p « U n o n e
&
W e S C O tt*
COTTON EXCHANGE BUILDING.
U d i l U U l l t LA,
tt w o v . w v . k. ,
NEW YORK.
I
Members New York Stock Exchange,

' '
L O C O M O T IV E S 4
n e w Or l e a n s , l a .
I R ic h m o n d L o c o m o t iv e & M a c h in e W o r k l
M E M P H IS , VENN
R IC H M O N D . VIRQINIA*
D ALLAS, T E X .
I SIMPLE OR COMPOUND LOCOMOTIVES .. I
' Buyers of Spot Cotton. Orders for Contracter©- THEIR OWN DESIGNS OR TO SPECIFICATIONS

B a ily

&

c o m m is s io n m e r c h a n t s

Y

H .

.
P a u l S c h w a r z &
C o .,
Cotton landed at mills from Southern markets a |
__ _____ _ 9
I
specialty. Orders for future delivery contracts I
COTTON COMMISSION MERCHANTS,
I
exerted on New York Cotton Exchange.
1 W illia m Street. New Y o r k .
------------- ——— — ---------- — ----------------------------- I Members New York Cotton and Coffee Exchange. I
M a s o n

S .

M b e ra l A d v a n ce. M a d . . n © o t t . .
N ». 1 B R O A D W A Y , N EW Y O R K .
I
Consignment«.
I
IN V E S T M E N T S E C U R IT IE S .
I ____________ '
______ __________________ _ I ■
----------—------------------------- ----------------------

— — — — ■------------------------------------------------ I
M .T. m ain «.
wm. b a t. I
^
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1
J fl. r < „
I
G e o . C o p e l a n d OC \ - * 0 , ,
I

cotton

G R A IN .

;— ------- ----------------------- 7 ~ Z ----------A . L a n ca s te r & S o n s,
BANKERS,

G o .,

Cofleo Exchange Building,
H an over Square,
N F W V O R K
n u rn a n a .

I

OOT^
. r EIRp°„H, r TS'
P H IL A D E L P H IA .
LTVXRPOOL CORBiSPONDXNTS.
.. ,

S T O U T ,

1 N a ssau S tr e e t, C o r n e r W a l l S t r e e t ,

At the New York Produce Exchange
I
and the Chicago Board of Trade.
" ’"***" ............... ................. . 1 1 I

a n n a n u i i v P H o n u iiK

&

BAN K ERS AND B R O K ERS,

I

At the New York Coffee Exchange, and
„ .
n V ïB ln lIfi
U R A 1 N A N D P R O V IS IO N S ,

■

I
I

m a » ■»“ g f c f f f f f t n d . n c . »oMeltad
F ifth A v e n u e H o t e l,
I
-irÄ-ir
I
M a d is o n S q u a r e , N e w Y o r k .
I The largest, best appointed and most liberally
I matlMea hotel In the City, with the most centra
|
dsUghtful location'
*
HITCHCOCK, d a r l in g * 00.

NBW YOBK^

H a s k in s
&
S e lls ,
-*■a w »***“ “
1
CowHflftd P u b l i c A c c o u n t a n t s ,
L e r t if le a rU D llC A ttu u u iu u u s ,
K Ö . 3 0 J iîtO A D S T ., N S W Y O R K ,

_
T*

„
S p e n ce r

^
T u r n e r ,

sugobssob t o

B r in c k e r lio ft, T u r n e r A C o»,
MANUFACTURER AND DEALER IN
________ . .

C O T T O N S A IL D U C K
c a ^ ^ f^ * ^ D U C K

I

CARßAVEN8 DUCK, SAIL TWINE, AC*
POPE “ AWNING ' STRIPES.
aqxnt

I
UNITED ST A TE S BUNTING CO.
I .
iuppiy »11 Widths and Colors, always In
I stook.
„
, _
_
‘\
1 0 » D uane Stroot, N ow Y ork .