Full text of Commercial and Financial Chronicle : November 6, 1897, Vol. 65, No. 1689

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JHE
nntiitf
i Entered aooordlng to Aet of Congress, la tne year 1897, b y the William B. D a s a Oom pakt , In tbe oflloe of the Librarian of Congress.)

SATURDAY, NOVEMBER 6, 1897.

VOL. 65.

CLEARING HOUSE RETURNS.
F o r t b e m o n th o f O c to b e r t h e e x h ib it i s a r e r y s a t is f a c ­
to r y . A U b a t n in e o f t h e c i t i e s i n c l u d e ! i n o u r s ta te m e n t
r e c o r d g a in s o v e r t h e c o r r e s p o n d in g m o u t h o f 1890, a n d in t h e
a g g r e g a t e fo r t h e w h o le c o u n tr y t h e e x c e s s r e a c h e s 2J-3 p er
eaat
F o r t h e te n in in th s t h e in c r e a s e o v e r t h e s a m e p e r io d
o f a y e a r a g o is 9-6 p e r c e n t,
______

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T h e w e e k ’s t o t a l fo r a l l c it ie s s h o w s a g a in o f 17-9 p er c e n t
o v e r 1S98, T h e in c r e a s e o v e r 1895 i s 0 8 p e r c e n t a n d t h e
e x c e s s o v e r 1891 is 15 9 p ar c e n t. O u ts id e o f N e w Y o r k th e
in c r e a s e c o m p a r e d w it h 1898, is 20 4 p ar c e n t, t h e l o s s fr o m
1895 is 2-7 p er c t ., a u d t h e e x c e s s o v e r 1394 r e a c h e s 6 i> p , c.

OUarin** «

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+ 3 0 2 ,6 24
804.484

SM.931

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118.669,351

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l ,H A »

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770,994

1,437 3?2
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101 804 545
i 1,942,550
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1 + 9 7 2 .0 0 0
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839.000
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2 /6 .1 9 4
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1 2 0.667,603

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1,160.600
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600 000
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21 .013,46

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1.654,807
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493.889

816,182

20.342.000
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227,786
271 690
159,702
165.618
148,313

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9 7 2,270
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3.529,100
3.4 3 -'.714
3.050.102
1 8H5 174
2,112+ 06
+4i3.8& !

1 0 ,4 0 + 0 6 3
12.612 176
4,131,146
4 .81+ 278
2.039,001
1.283,181
.
1.576,000
756,681
458 664
275,046
427 015
£3,622
68.048
40,337,864

0 ,5 1 + 0 0 8
3,202.375
3 320.811
3,607,616
2.081.378
2,459.082

2 3,201,370
8 ,85+ 994
5.097 300
8 ,7 0 + 3 8 7
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3.700 188
2 ,30+ 011

2,10d,26&

1,476,220

838.887
1.25+804
1.021 48 i
573,’ f j »
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1.210,708
857,589
337.?«6
31+9M
210,798
138,286

982.848

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38+171

65.361,053
906.629,692

+ 17+ 3

409,877*671

+20*4

1,084,647
+000,465
1,60 ,000
800.000-

872*633
319,018.
215.000

> 1,013,038,€14
50 M 4 8,181

19M 9M i
10,691,844
+22 8
11,288,086
M o n tre a l...........
A*. *’ V,
7 / K j &N
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+22 7
0,010 084
5,244-183
Toronto.
+ 4 36.389
1.179,415
+21 7
1,140.833
+ 1 0 2 ,7 1 0
Hall U i .
8 ,1 2 1 0 7 ?
1,881.328
+66*6
1,941*744
3,483,150
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690,010
«&7.S?1
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09 + 5 5 3
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465.240
+21*8
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96 840.010
21034,371
+ 2 6 3 ~ T T .038.849
T otal Canada.
* Not included in totals.
4 Publication d iseentlnoed for th e prsseaL

842

I HE CHRONICLE.

[Y o l . LXV.

made to the Government, leaving $3,364,525 as the
THE F IN A N C IA L SITUATION.
amount actually paid on that account thus far. In
Among the occurrences of this week the next in addition an instalment of $4,000,000 will be due
importance to the elections, which we have remarked to-day, November 6, this forming the balance of the
upon in a subsequent article, has been the foreclosure sum which under the decree has to be paid within
sale of the Union Pacific Railroad (main lirjp), effected five days after the acceptance of the bid. As
on Monday and Tuesday, the 1st and 2d of November. to the remainder (estimated at $45,880,000) of
The reorganization of this property has for a long the purchase price, $12,280,000 will be due fif­
time been looked forward to as an industrial event of teen days after the date of the confirmation of
decided promise. Now by reason of the higher price the sale. It is not thought that confirmation
paid for the main line and the postponement of the will occur until about November 15. Taking this as
sale of the Kansas Pacific branch to December 16, the probable date, the $12,280,000 payment would be
the property is in a less satisfactory condition • called for on November 30. The remaining $33,600,000,
indeed, what shape it will finally take is a prob­ according to the terms of the foreclosure, will have to
lem not yet fully developed. At the moment be paid in four equal instalments, thirty, forty, fifty
chief interest attaches to the disposition which shall and sixty days respectively after the sale has been con­
be made of the cash paid and to be paid for Mon­ firmed. In other words, $8,400,000 will be due about
day's purchase so as not to disturb the money market. December 15, $8,400,000 about December 25, $8,400,It has been determined by the Government to deposit 000 about January 4 and the final $8,400,000 not until,
certain amounts in several of the national banks say, January 14.
While trade latterly has become rather quiet, there
which have signified their willingness to take them.
As money is abundant and rates very low, even where can be no doubt that mercantile affairs are on an un­
a bank owns United States bonds little can be made usually sound basis. The long period of liquidation
out of Government money, and there would seem to preceding the present revival, during which the
be no inducement for any institution to borrow weakest concerns were weeded out, would alone ensure
bonds for the purpose, especially as the period is such a condition even if the recuperation in trade did
shoit during which much of the money will be re­ not exist as an added favorable feature. These re­
tained by Secretary Gage. All our readers know that marks are suggested by the appearance of the October
$29,904,952 of Pacific Railroad bonds fall due on the reports of mercantile failures. According to the com­
first of January and a considerable portion of the pilations prepared for Dun’s Review, the insolvencies
purchase price for the Union Pacific will not become this year were smaller than in the corresponding month
payable until about that time. Hence a good part of any recent year. Briefly, the liabilities of the
of the money will simply be paid in to be paid out.
failed concerns foot up only $9,577,751 in October
Through these Government deposits, through the 1897, against $14,880,266 in October 1896, $15,386,750
Government deficits, and through payments on ac­ in October 1895, $10,738,174 in October 1894 and
count of the Pacific Railroad debt, this whole transac­ $28,167,814 in October 1893. In the matter of the
tion, it is claimed, will be effected without materially number of failures, the comparison is equally favor­
deranging the money market. The cash is nearly all able. Only 875 traders went under in the month this
in New York now. It will only be transferred from year, against 1,254 in the same month last year, and
one bank or trust company to another bank, and in 1,189 in both 1895 and 1894. As the “ Review”, in
some cases of the depositary banks from one account commenting on these results, well says, it is the
to another account of the same bank. Of course it is general trend of failures toward smaller liabilities
not unlikely that about the first of January—at which and lower averages which discloses more surely
time of every year large arrangements for dividend and than almost any other symptom the state of
interest payment are a usual event—it is not unlikely business. There is also truth in the “ Review’s” state­
that brokers will have to pay higher rates than they ment that the tendency towards shrinkage in commer­
are now paying unless the body of them make pro­ cial disasters is so general and so strong that marked
vision beforehand to tide over that period. We doubt, progress towards prosperity could be safely inferred if
too, whether Secretary Gage will let his balance held there were no other evidence obtainable. The general
in Sub-Treasury run down much lower than it now is; conclusion is reached that in the great branches of
that is to say, though he may take little out of the industry and trade, upon which the prosperity of the
money market "he will not put new supplies of currency country mainly depends, a sounder condition appears
into it, as he is now necessarily doing because of the to have been reached than has existed at any other
Government deficits. But currency seems to be flow­ time since the autumn of 1892, and with two or three
ing this way so rapidly, notwithstanding shipments to other brief exceptions, at any time during the past
St. Louis last week and shipments to New Orleans this seventeen years.
week, that it looks as if closer money must be verv
Our compilation of bank clearings for October shows
temporary should it prevail at all this winter.
a much smaller ratio of improvement than was the
As to the details of the payments for the Union case in the two months preceding, reflecting in this
Pacific purchase it seems unlikely that the final the quieter state of trade which has developed. The
instalment will be turned over to the Government gain over last year for October is only 22-3 per cent,
much before the middle of January. The Reorgani­ where in September it was 501 per cent and in Au­
zation Committee has deposited thus far on behalf of gust 36‘0 per cent. Outside of New York the com­
its purchase $4,364,525, of which $2,000,000 repre­ parison is much the same. There the ratio of gain for
sents the preliminary deposit required on the purchase | October is only 15'2 per cent, against 28'5 per cent foj
of the Government subsidy lien, $1,364,5.25 the de­ September and 19-8 per cent for August.- It-would
posit on the sinking fund purchase and $ 1, 000,000 the ! be incorrect, however, to assume that the
deposit on the first mortgage lien. The latter does i smaller ratios of increase are .entirely due
not of course count as part of the payment to.be I to a quieter state of trade. In part the diminution

N ovember 6, 1897.]

THE CHRONICLE,

843

must be ascribed to the fact that there was one less England lost £433,670 bullion during the week, and
business day in the month the present year, October held £31,494,501 at the close of the week. Our cor­
1897 having contained five Sundays, against only four respondent farther advises us that the loss was due to
Sundays in October 1896. Then also there has been the export of £57,000 (of which £38,000 were to
a marked subsidence of the spirit of speculation in Egypt, £14,000 were to South America and £5,000
the various markets. This is well shown by the fall­ were to the Continent), to the shipment of £493,000
ing off in the dealings o* the New York Stock Ex­ net to the interior of Great Britain and to the import
change. Last year the monthly aggregates of the of £116,000, of which £100,000 were from the Cape
stock sales did not vary greatly during August, Septem­ and £16,000 from China.
The foreign exchange market has been dull this
ber and October, falling below fire million shares each
month. The present year the sales foot up only week and without special feature. The tone was firm
8,012,512 shares for October, against 11,142,160 shares on Monday, when there was an advance of one-quarter
of a cent in rates for actual business, but on Wednes­
for September and 11.435,248 shares for August.
But if the ratio of improvement is no longer so large day the market was a little irregular, with long ster­
as it was, yet the comparisons are extremely favorable ling firm and short sterling and cable transfers
and indicate strikingly the contrast between the busi­ easier, influenced to some extent by fractionally lower
ness conditions prevailing the present year and those open market discount rates in London. Bankers re­
prevailing last year. Indeed in the general nature of port a liberal supply .of cotton bills from the Gulf
the improvement, the showing is better even than for ports, due to an increased movement of the staple, but
the months preceding. For instance, notwithstanding these bills continue to be held at comparatively high
the loss of a day there are only two places outside the prices, and it is claimed that deliveries of commercial
South where the Clearing Ilouse returns fail to show bills on contracts are not prompt. Though imports
a gain. In the South there are seven places which of goods are small and exports large, thus calling for
have fallen behind, but the reason for this is lower exchange, bankers report that as the market
well known. It is due to the prevalence of the falls off in response to these trade conditions, there is
yellow fever epidemic and the embargo on trade and a demand for sterling, which brings about a reaction,
business resulting from the same. Thus N'ew Orleans and some of this inquiry conies from bankers who are
has suffered a decrease on that account of 2<>4 p *r buying long sterling to hold until it runs to sight, as
cent. Fortunately, however, the situation in that they are able to hypothecate these bills at from 1$ to
section is now improving. The temperature has fallen 2 per cent on call and at 21 per cent for sixty days.
decidedly in many parts of the South, and it is ex­ The m irket was quoted firm, though quite dull, on
pected that this will quickly be followed l>v an abate­ Thursday, and closed firm yesterday.
The range
ment of the disease. Entirely apart, however, from for nominal rates for sterling was unchanged on
the weather conditions the quarantine restrictions are Monday at from 4 83 to 4 83| for sixty day
already being decidedly relaxed. Our usual compara­ and from 4 86 to 4 864 for sight. Rates for actual
tive tables of the clearings will be found on page 852 business were ad vanned one-quarter of a cent, com­
»nd the detailed statement on the page preceding this pared with those at the close on Friday of last week,
article.
to 4 824fo 4 82} for long, 4 854tc 4 85} for short and
e
Money on call, representing bankers’ balances, has 4 86(rt 4 86} for cable transfers, and the market was
loaned at the Htock Exchange during the week at 1} strong. Tuesday was tho election holiday. On Wed­
to 2} per cent, with the bulk of the business and the nesday the tone was irregular. No change was made
average at 2 per cent. Banks and trust companies in nominal rates, and those for actual business in long
quote 2} per cent as the minimum, though some loan at sterling remained unaltered, while those for short
2 per cent. Time contracts on good Htock Exchange sterling and cable transfers were reduced one-quarter
collateral are 2$ per cent for sixty days, 3 per cent for of a cent to 4 85}@4 854 f°r the former and 4 85}®
ninety days to four months and 3}<<t4 per cent for five 4 80 for the latter. There was no change in nominal
to six months. There continues to be a good demand rates on Thursday and the market was dull and steady,
for commercial paper without much increase in the closing firm at an advance of one-quarter of a cent in
supply, and rates are 3}@4 per cent for sixty to ninety rates for actual business to 4 82}@4 83 for long,
day endorsed bills receivable. 4®4} percent for prime 4 S5}@4 85} for short and 4 86@4 86} for cable trans­
and 4} @5 per cent for good four to six months' single fers. Yesterday Brown Bros, advanced their posted
names. One feature of the week has been a relaxa­ rates half a cent for long and short, but there was no
tion in the demand for currency for transfer to St change in tho rates for actual business. The following
Louis and a renewal of the inquiry from New Orleans. shows daily posted rates for exchange by some of the
Advices received by banks from that centre state that leading drawers.
D IL F frrS R T S V RV B IO B C A G .
A T O D AR O OK S X H X E
business is improving. Cotton and sugar are moving
more freely, and there is a better feeling among bank­
ai> fltT .. . I.,
F I M n. Tpin... W ... Tov.R. 8K
B
o
oi>
ow
O t. 8 A o. 1. N . a N 3 N 4 A r. 6.
C 0 V
ers and merchants, leading to a greater inquiry for
«a
8?
i
83
day*.
llrow B w
n ro ..... Sight.
money.
84
80
84
*«-*
83
83* -s*
flaring.
-8
r.\
A featnre of the week has been a ftill in bar silver M ti AC . M t.. ftr
j
10
fe*
£6
agou o igh
»
•*
83*
8*
3 4 84* -.’*
i
ank rin
40d
ayp *?w
in London from 27 pence per ounce on Monday to BN Bm
o. A erica.. Sight..
K
**
►*
0
84*
81
3 * 83* M
26} pence on : 1 hursday, cdosing yesterdav at flanrof
o
T
l*
r
M
ontreal..... M t.. *3* *8*
igh
M
W
e#H 84*
26} pence.
Tlie Bank of Englitnd minimum C
83* 83*
anadian H k fiodays «a* .8C
an
43*
a
V
*
of C B C Sight.... S
oiB fT i,.
«)*
► 80* 8d t
rate of discon qt remains uinchauged at 3 per
.•<
' • 40darn « * 83*
83*
H
i*
*
‘lheim x C Sight... 84* 84It
er o.
S*
B
cent . The cable reports discounts of six!ty to ninety L
83*
83*
o
M
axard P
r«rp*„. d day*. 83* S K
86
O
8ft
Sight... m
day bank bills ib London 2} per gent. Tho open M
3* 83*
archant* Ilk 40day* H
’ .
88* £3* M
W
80* sow sew
anada..... fSight... *6* 84*
market rate at Paris is 2 per cent; at. Berlin it is 4 of C
per cent, arid at Frankfort it is 4* per cent. Accord­
Rates for actual business yesterday were 4 82}@4 83
ing to our special cable from London the Bank of for long, l 854(" 4 85} for short and4 86@4 86} for

THE CHRONICLE.

844

[YOU LXY.

wedded to a high tariff, but they accepted a measure
in that interest, and gave it precedence willingly,
trusting that when it had been disposed of Congress
would with equal zeal and firmness see that our cur­
rency was cured of existing defects which years of
Received by Shipp'd b v Net Interior
«•«* Endtn* YowtnWr 5 1 8 .
. 87
business distress and trial had made so conspicuous.
Movement.
V. r . Bank*. N. Y . Banka.
We do not assume that tho Administration’s pur­
, 6 ,0 0
, 5 ,0 0
f 54
. 20.000 $33 7 0 Gftin.$20 3 0
11,000 Gfttn. 7 ,0 0 pose to act and to do its utmost to secure reform, as
00
41 0
8 ,0 0 4
. 8.0
, 2 ,0 0
, 01,000 * 377 00 Galn.J 21 3 0 heretofore expressed, has no existence now or has
Total gold and legal tender®.... $59
With the Sub-Treasury operations the result is as weakened. That point is not vital in this discussion.
follows.
All we say is that a feeling is abroad, and it has been
confirmed by opinions expressed on the part of those
Net Change in
Out of
Into
%Vtek Ending November 6 1 9 .
, 87
Bank Holdings.
B in ks.
Banks.
high in the councils of the party now in power at
, 7 ,0 0
, 2 .0
, 0 ,0 0
Banks' Interior movement.as above $59 1 0 $ 37 8 0 Gain.- 21 3 '0 Washington, that only perfunctory work with ref­
0 ,0 0
1 ,3 0 0 1 ,00 00Gain. 2,3 0 0
3 0 .0 0 1 0,0
8mb-Treasury operatic n s.................
4 7 . Unln *4,4 3 0 erence to the currency will be done by the next
2 .0 0
9 1,0
Total gold and legal tender*...... $ 1 ,20 00 * 1 , 7 8000
The following table indicates the amount of bullion Congress; that tariff legislation is making business
in the principal European banks this week and at the active, and that currency discussion and legislation
corresponding date last year.____________________ would be a disturbing influence and must not be und r.taken. Some of the most prominent among the
November 5 1 9 .
, 86
November 4 1 9 .
. 87
party newspapers have likewise advocated time and

e*ble transfers. Prime commercial bills 4 82£@4
ajid documentary 4 81J@4 82.
The following statement gives the week’s movements
of money to and from the interior by the N. Y. buiiics.

B c n \ of

|

Sold.

| Silver. \

Total.

Onid.

[ Silver.

Total

again the same course of action. Certainly these opin­
ions as to the prospective treatment of the subject
have encouraged the belief until it has become almost
public opinion that no earnest work will be done the
coming winter; and the independent voter sharing in
this opinion lias lost interest in the Republican party,
T o t th is w eek I8S 81 8,220 8.''.027.035 281.829.245 183.652,257,9),797,C03 278.460,100
iind has either neglected to vote or voted with the
T o t .-t > r .T .w V lS » > 4 .2 « 8 92 032.311 282.330.579 195.881,087194 110.753 279 9 *'.»40
opposition.
The majorities of 1896 can never be repeated except
THE ELECTIONS— WHAT T H E Y MEAN.
when, as then, there is a clearly defined issue of prin­
The event of the week has been the elections. ciple at stake, the decision of which affects the indi­
They have resulted at almost all points either in the vidual interests of the people at large, and when entire
success of the Democratic Party, or, where that has confidence is felt that those interests are safe in the
not been the case, in the majorities against it of a year hands of the party advocating them. There was pre­
ago being greatly reduced. The most signal victory cisely such a situation in 1896; there was nothing like
that party lias achieved is in having obtained full pos­ such a situation in 1897. That statement explains in
session of the government of our new city, the Greater a brief form and in the clearest terms the re­
New York; from the first of January all departments sults in the two years. The elections the
of this enlarged municipality will be under its con­ current week consequently do not disclose any
trol. But though that is a highly important incident, change of opinion with reference to currency affairs;
the outcome in other cities and the small majorities they rather re-assert and confirm the opinion expressed
in some other States are even more striking. So by the vote of 1896. They substantially assert that
radical a change as these results indicate was not vote was cast a year ago to secure the stability of our
anticipated, and it has very reasonably given rise to currency. To-day those who cast it not only see no
disappointment iu industrial circles. Some even infer sign of an earnest movement in that direction, but
from it a likelihood of a new disturbance three years hear on all sides that there is to be none having in it
hence over the tariff but more especially over silver any vital force; the sound money public says there­
questions. Such suggestions are natural but not fore by its action this week that we have lost con­
well c o n s i d e r e d . Those agitations may recur, for the fidence in the promises made; that if the same votes
future is full of all sorts of possibilities; but the results are wanted again the faith felt then must be con­
of these elections are no evidence that the agitations firmed and restored by works done now.
will be renewed, and most of all they are no evidence
There never was a conclusion widely adopted that
of a reaction in opinion with reference to the currency. had less of reason and facts to support it than the one
As we look at it the lack of interest recently shown so frequently advanced now-a-days that to attempt cur­
by the party in power in favor of a radical reform of rency reform legislation in 1898 would disturb busi­
our monetary situation—or speaking more accurately ness. The unwisdom of that excuse for delay will
the oozing out of the intense interest exhibited by that become evident if we only ask ourselves how
party during the election—has done more than all could currency discussion on any occasion dis­
things else to bring about these results. It is of course turb business? The sensitive point has always
not the only influence, but it has been the prominent in­ in the past been the Treasury gold reserve. That
fluence. Tho large independent vote went with that has proved the source of unrest because it is the
party in November 18% solely because it was seeking pivotal point and because it was so vulnerable.- To­
and supposed it would attain and make secure tho day the reserve is, on the contrary, abundant and sur­
existing gold basis for values. ■ That vote has in large rounded and safeguarded by such a supply of gold and
part neglected to act with the same party in 1897 be­ such trade conditions that confidence in its stability
cause of this apparent indisposition manifest among could not be subverted or shaken by discussion or
leading Republicans to take up and carry through legislation that exhibited a determined purpose among
with a will that cannot be defeated a thorough the sound money party to fortify that reserve in this
reform measure. Independent voters were never day of our strength against any future disturbing causes.
£

£

k

3 ,6 7 0
5 0 .2 7
1 0, ( ,
1 9 , C 5 0 ,1 7
Cog land....... 8 ,4 46 1 ......... ] 3 .4 16 1 3 .6 7 0
8 2 8 8 9 ,3 8 2 , 1 ,7 4 7 1 .3 3 9 7 .6 0 2, 8 ,9 3
France.... . 7 ,3 23 84 ,2 1 5 1 60 3 1 7 ,1 0 8 4, 1 1 7 103 7 5
2 ,4£0 0 1.9 8 0 4.1 8 0
0 ,0 0 4 9 .0 0 1 2 .0 0
2 C 3 C .C o] 0 0 ,0 0
G erm an;...... 20.4C .O O1 ,O O O 4 ,0 2 0
7 7 , 0 , 2 8 .0 0 0 5 .C 0 C. 8 0 2 9 .0 0 2 7 . (0
Ao»t.-Hnng'; 3 ,9 00 01 ,3 1 0 5 .6 1 0 3 3 S.0 0 1 .5 1 0 4 ,9 70
0223/00 1 .C9 .COO, 1.9 8 0 85 8 0 99 0 0 1.5 1 0
,
0 0
9 1 ,0 0 , 2 ,' 0 , 7 ,0 0 8 0 .0 0
Spain...........
, 7 .0 0 0 8 .0 0 , 1 ,0 0 , 9 .0 0 , 3 ,0 0 ,? 7 C
Netherlands. 20 8 0 1 ,6 0 0 93 4 0 26 5 0 07 3 0 9 0 .0 0
7. i
. 6 ,3 3 . 7 , 0
, 3 .0 0 , 5 ,6 7 3 0 3
Nat. Belgium. 27 7 3 13 80 ?] 41 0 0 20 2 0 1 2 ,3 3 ?,9 90'0

N ovember (5, 1897.]

THE CHRONI'/LK

845

Our foreign trade may be reversed next fall. legislation (March to July, both included,) the fear was
Moreover, there is always another possibility so long that the recovery would prove to be extremely slow.
as our Senate has in it so little real conservatism as it Of course we do not assume that the rate of increase
now has—a possibility which may at any moment tax in this item shown the last three months can continue
the strength of our monetary arrangements. There is a from month to month until the maximum is reached.
possibility of war, threatened or actual, with its unknow­ It is not unlikely that there will be a further enlarge­
able horrors and developments, a condition that could ment in November; but soon thereafter we look for a
not fail to excite the fears of the investing public in Eu­ temporary check to the upward movement. But it is,
rope and America. It would give rise to that fear quicker we repeat, a promising fact, when one remembers how
than any other incident could. As a mere matter of large the imports were of all important articles (such
defense there is consequently nothing we could do as wool, sugar, &c.,) before the tariff went into effect,
to-day, not even building guns and ships, which would that this branch of the Government income has al­
be so advantageous, would add so materially to our ready reached a monthly total of nearly 10 million,
fighting strength as to make our measure of values i dollars.
safe against all contingencies. Remember, too, that
The internal revenue taxes have shown even greater
as our currency is now, if we lose our hold on gold the vitality. That quality was not unexpected; we have in­
alternative is silver. We talk about Spain being in no dicated on previous occasions that this item of revenue
condition financially to go to war. How much better was likely to displaw speedy enlargement. It has now
off are we with this catastrophe confronting us ?
reached $13,615,000. that being the total for October;
We repeat, then, that the elections do not mean the income from the same branch of the Government
that the spirit for currency reform is weakening revenue in the whole of 1896 averaged only a trifle
among the people—it is growing stronger instead of over 12 million dollars monthly, and in 1895 the
weaker. They do not mean a reopening of the old average was less than 12 million dollars. We look for
silver fight three years hence. Elections that takeout a further considerable expansion; how long the
of office Maryland’s representative in the United growth will continue will depend upon the develop­
States Senate—the worst because the cleverest silver ment of general business. There is still room for en­
man in that body—can mean nothing of that sort. largement. The internal taxes as they stand to-day
They are simply a very loud call to the Republican ought to net in fairly good times an average of at least
party for immediate, earnest, continued action in the 17 million dollars. It has, too, been the history of that
class of revenue ever since the first internal taxes were
work of reforming our currency until it is effected.
laid, in 1863, that with the rates unchanged a material
increase of income from year to year could be relied
GOVERXMEXT I SCO ME AXE DTSBURSE- upon.
Of course we do not mean to imply that suf­
MEXT8.
The Government receipts, disbursements and deficit ficient revenue from duties and internal taxes to meet
prove to have been the past mouth much as we sur­ current appropriations is an immediate prospect.
mised a month ago ( C h k o j h c l e , October 2, page 596) There is little reason to doubt that the November and
would be the outcome. In our forecast for the Octo­ December figures will be considerably less unfavorable
ber deficit we stated that the total would be consider­ than those for October have been. But the January
ably larger than in September, when it was, according return will unquestionably again show a large adverse
to our statement, which includes the National Bank balance, as the disbursements that month will be heavy.
Note Redemption Fund (see page 855) only $3,012,000, Hence the important fact, we repeat, is that the Gov­
but smaller than in August, when it was $14,131,000. ernment income iB on the increase, and that condition,
It appears that the actual October deficit, shown following our recent experience of prolonged deficits,
in our exhibit of the accounts, was $8,303,000. is to business circles an exhilarating, hopeful andrestIt is satistfactory to know that this increase in the fnl influence.
The payment of cash to the Government on account
deficit was wholly due to larger disbursements, and
that those were in excess of September only because of the Union Pacific foreclosure sale will serve to keep
the interest payments were larger. To state the facts the Treasury in good condition for the remainder of
in brief—the disbursements were $26, 201,000 in Sep­ the year notwithstanding its deficient revenue. We
tember (of which $388,000 were on the interest ac­ referred to this fact last month; but the Government
count). but they rose to $34,266,000 (including financial situation is not complete without re-stating it.
$5,212,000 of interest paid) in October. A further That sale, after paying the Pacific railroad bonds
feature of the disbursements is that the October which fall due January 1 1898 will provide the Treas­
result was about normal, being, as stated, $34,266,000 ury with a very considerable surplus. On the first of
in 1807 against $34,428,000 in October 1806 and November the Government still had a cash balance of
$207,756,100 (against $241,154,455 October 1 1896),
$35,002,000 in 1805.
With reference to the income for October, wo are of which $153,573,147 was net gold. There is conse­
pleased to note that it is favorable. Both Customs quently not the least cause for uneasiness on account
duties and internal revenue taxes show satisfactory I of current or future Government deficits. The Treasgrowth. Customs receipts were only $6,088,000 in | ury is in strong position to-day and there iB every asAugust and $1,913,000 in September, while in October [ surance that it will be able to retain that situation
they reached $0,713,494. This material and continued until it has abundant revenue.
Below we give our usual table of Government cash
development <n that branch of the service is an especial­
ly favnrable feature, not only as a present fact but be­ holdings on the 1st of November and on three pre­
cause of the promise it affords of future growth. The vious monthly dates. These figures give in brief the
recovery in Customs payments has been more rapid condition of the Treasury cash. The receipts and dis­
than was generally anticipated. Imports of merchan­ bursements referred to above will bo found in the
dise were so targe during the last five months of tariff I Commercial and Miscellaneous News Department.

THE CHRONICLE.

846

[V ol . LXV.

be sure, after the violent rise of August and Septem­
ber, but the influence of these diplomatic uncertainties
N e t iroId c o in an d b u l li o n .... .. 68.262.2f9 117,126,624 187.816,643
13,419,404
18,927,730
is shown by the failure of the markets to resume any
N e t it l v e r c o in a n d b u llio n ... .. 14.848.308
S6.646.060
30,269.516
N e t U . 8 . T r e a su r y n o t e s ......... .. 22.044.611
show of activity or confidence, even after the specula­
34.033.268
67.266.600
.. 84,220.143
N e t le*ral-tender n o t e s .
14,278.970
12.981,869
N e t n a tio n a l ban k n o t e s ............ .. 7,063,137
tive liquidation and profit-taking had plainly run its
14,215,706
14,632,fl46
.. 12.764.321
N e t f r a c tio n a l s ilv e r ........
256.307,835 232.723.247 course.
.204,202,687 254.695.91'8
17,159,617
10,159,153
16.119,097
14,271.280
We are not disposed to share any serious misgivings
.218.473.907 270,815.035 271,620,488 219 882.864 regarding the outcome of this matter.
It is possible,
42.126.761
4 3 ,2 0 fU r8
40.446.700
37,218,2 3
in the first place, that the Spanish offer of autonomy
A o k u a I c a s h b a la n c e ............... 178,027.2*’ l 233.572 704 828.320.38) 207.75d.100
will be sufficiently expanded to satisfy the Cubans.
• " C b le flT d isb u rsin g officers' b a la n c e s .”
This possibility, we are aware, has been strenuously
denied by the Cuban sympathizers and by the Cubans
themselves, who declare, no doubt with justice, that
THE N E X T STEP I N CUBA.
We have already called the attention of our readers what the Spanish ministry wishes to do is to adjust
to the fact that the Cuban situation has passed into the quarrel on a basis of reforms which will still leave
a somewhat new and altered phase. It was general actual control, directly or indirectly, in the hands of
opinion at the death of Canovas del Castillo, the the home government. But it is already apparent
Spanish Premier, who was the type and embodiment that the Spanish statesmen are sick of the war
of repression, that the drastic policy employed since and anxious to put an end to it. The utter col­
1893 to put down the Cuban revolution could not sur­ lapse of the Spanish Government’s public credit
vive him. An effort was nevertheless made to con­ promises to cut off its actual sources of sup­
tinue it, and General Azcarraga, one of the followers ply. It cannot continue the Cuban war with­
of Canovas, undertook to organize a Span ish Ministry out raising fresh resources; it cannot apparently raise
pledged to exactly the same line of procedure. Hardly these resources except through heavy increase in home
a month was needed to show that the undertaking was taxation; and it cannot make such increase in the
impracticable; there was another change in the Ministry Spanish taxes without endangering its own position
at Madrid, and a Premier who was committed as far with the people. In other words, the Sagasta Govern­
to Cuban conciliation as any Spanish statesman could ment itself, to use a homely figure, is at the end of its
be has now assumed control. General W
reyler, whose rope. The United States is justly anxious and irri­
harshness in the administration of the Captain Gen­ tated at the continuance of the Cuban war, but our
eralship of Cuba had excited protest pretty much anxiety is as nothing compared to that which must
throughout the world, has been notified of his re­ beset the Spanish Ministers. With us it is a question
moval from office; General Blanco, who is named of sentiment or of commercial interest; with them it
to take his place, goes to Havana presumably with is a question of political life and death. If this is
the purpose of humane administration. Finally, it true, and if, as seems to be the fact, the Cuban revo­
has been intimated that liberal grants of self-gov­ lutionists are able to hold out indefinitely, it appears
ernment will be proposed to Cuba.
to us that the Cubans must sooner or later he the
This happened while a special communication actual masters of the situation. If they demand a
from our Government to Spain was on its way. It was much more liberal measure of home rule than that
believed that Minister Woodford’s note called atten­ with which the Sagasta Ministry opens ^negotiations,
tion again, and somewhat positively, to the damage their demands must apparently be met.
suffered by this country’s commerce through the pro­
To some extent this view is combatted by Mr.
longation of the Cuban war, and asked for a definite Hannis Taylor, General Woodford’s predecessor in
statement of what Spain expected to accomplish. The the Spanish mission. Mr. Taylor treats the question
reply to this note has since been received by our State in this month’s “ North American Review.” The
Department. Its contents have not been made public, propriety of severe and public criticism of a govern­
but a resume of an apparently official character, given ment by an ambassador just returned from diplomatic
out to the press, indicates that the reply is courteous, intercourse with it is rather questionable. The further
that it repeats the belief of the Spanish Government disclosure of private personal communications ex­
in a speedy ending of the war, but reserves any definite changed between Canovas and Mr. Taylor during his
declaration pending the change in administration at diplomatic residence at Madrid, as made by the exHavana. Probably this note will be fully made public Minister in the daily papers yesterday, is more than a
four weeks from now in’ connection with the Presi­ questionable a c t; it is a very serious breach of confi­
dent's message to Congress. If our own Administra­ dence. But waiving this point, Mr, Taylor’s review of
tion has decided on any change in attitude or poliev, the situation is extremely interesting, even to those
it position will then be stated. The matter will next who cannot wholly share in his conclusions. On one
in he hands.of Congress.
be pla
point he lays especial stress, observing that “ no matter
While
luban question rests in this more or less how willing Seuor Sagasta might be to settle the war
uncertai hu
is in some considerable degree a by a liberal grant to Cuba in the way of self-govern­
factor of inancial disturbance. By this we mean, not ment, it would be folly for him to attempt to make
that the nancial community apprehends trouble, but I such a grant as the Spanish nation as a whole would
that it s a a situation which may conceivably result I promptly repudiate.” n e adds his own conviction
<
in interr tional friction, and which therefore, so long that “ any Ministry that dares to undertake such a
latte ■is in doubt, stands as an obstacle to re- perilous enterprise will he at once discredited and
as the m
viving cion fic once. That this phase of the situation driven from office.”
has
its - tart in the recent hesitating and drooping
To-Mr. Taylor’s knowledge of the situation at
inve tun
narkets, we have no doubt. It. was dis-1 Madrid, high respect is due; yet there are cer­
tinetly the governing impulse in yesterday’s sharp tain elements in human nature which must .in a meas­
decline. lie ion n prices was natural enough, to I ure govern such a situation, and it is scarcely possible
J a n . 1. '06. Nov. 1. ’96.

B o ld in # in Sub-DrtnMurUs—

9

«

J a n . 1, '97.

9

Nov. 1, ’07.
«
153.673,147
15,218,667
7.558.326
39.309.018
4.908.012
11,081,078

N ovember 6, 1897.]

THE CHRONICLE.

■to imagine that when confronted by domestic
m in as the price of dictation to Cuba, the
Spanish people will not eventually he controlled
by the motives which control all other people
under parallel circumstances. Mr. Taylor himself
admits, in discussing the value of a peremptory
demand by the United State* for termination of the
war, that “ the mere passing of such a resolution
* * will so completely prostrate the present Cuban
policy of Spain that it will die in a short time, without
further action upon our part. The Spanish people
themselves, worn out and exhausted by an unfruitful
strife, of which the masse* who are mainly called upon
for military service are thoroughly weary, will see that
the continuance of the conflict under existing con­
ditions is impossible.”
But if this is so, we fail to see why the policy of con­
ciliation or surrender must not equally be forced on
Spain and the Spanish people by the movement of
events. If the Spanish Ministry and Dynasty are
threatened with actual ruin by continuing the Cuban
conflict, fear of popular anger to he provoked by
settlement with the Cubans can hardly be the fore­
most consideration. Two very unpleasant alternatives
would, in such case, no doubt exist; but pnblic minis­
ters, like ordinary people, are apt, under such condi­
tions, to select the lesser evil of the two.
Mr. Taylor’s intimation that a threat by the United
States to Spain would be more effective than continued
pressure through the medium of friendly diplomacy,
may possibly be correct. But it must be kept in
mind what the alternative might involve. That Spain
would declare war on the United States on receipt of
such a pnblic threat we greatly doubt. But suppose
that Spain, while not taking such action, nevertheless
ignores our threat and continues to prosecute the
Cuban war. Is the United States to send its army
down to Cuba to fight with General Blanco? We
hardly think so; wc are very sure that even the
hottest-headed jingo at Washington would shrink
from suggesting that, if there were any chance that
his suggestion would bo adopted.
For ourselves, we are much inclined to believe that
if the recent and present attitude of our administra­
tion is maintained, “ the present Cuban policy of
Spain”, to quote Mr. Taylor’s words again, “ will die
in a short time, without further action on our part,”
Indeed, we hold it as a reasonable possibility that
menacing talk at Washington will chiefly serve to
prolong the present unfortunate situation. It is
sometimes easy for the ministers of a proud people
to yield ground because their people’s own best inter­
ests so require. But to yield because of another
nation’s threat is a different matter, and so we believe
both onr own Government and the Sagasta ministry
would find it.
so r r he r n p a h n r c o m pan y report.
The Southern Pacific Company having changed the
ending of its fiscal year from December 31 to June 30,
so a* to make the year conform to that adopted by
the Int'T-^tat* Commerce Commission, baa now is­
sued a report bringing its operations and accounts
clown to J\me 30 1897 after having issued in the
opting ii ref>vii to December 31 1896. The report is
■?t?y full mu1 <f>mptfehenstve. Indeed vre know of no
rail toad coi•piratiim in the country adiiob now fnritiitit* %isoire j complete and exhaustiv >annual .date.
merit of it* \i Shirs than docs the Noufh'rire Bafliftc.

847

The size o' the report gives a good idea of the
ground it covers. It is issued in folio form and makes
no less than 112 pages. Of course the company is a
very large one and embraces within itself a great many
constituent companies, a fact which would tend to
make the report a bulky one in any event. But we
are referring to the matter contained in it. in which
particular it seems to have been framed with the
special purpose of supplying the facts best adapted for
the needs of security holders and the public. Not
only the finances of the company, but the physical
condition of the property, the details of operations,
the composition of traffic, the distribution of expenses,
and a host of other things, are set out at great length.
To give only a few illustrations, table No. 8 f nishing
a summary of receipts and disbursements, tables Nos.
10 and 1 giving the details of earnings and expenses,
.1
table No. 23 showing the tie and rail renewals, and
table No. 24 indicating the character and condition of
tracks and bridges, are models in their way. In ad­
dition the accounts of all the constituent companies
are treated separately and with great fulness. The
executive and accounting officers of the company are
to be congratulated upon their skill in arranging and
presenting the vast mass of statistics and information
which the report contains.
The Southern Pacific is one. of the large railroad
corporations which have passed very creditably through
the trying times that all railroads have experienced in
recent years. In extent of mileage, the property
ranks with the largest systems of the day, the average
mileage operated for the late year having been 7,371.
miles, which makes the achievement the more note­
worthy. In some respects conditions with it were
perhaps more trying than with moat other roads, as so
considerable a portion of the system’s business con­
sists of trans-Continental tounage which has to be
moved long distances at very low rates and competition
for this business has been very active not only on th
part of the rail lines, domestic and foreign, hut also
on the part of the water lines. Such competition would
alone have made the situation discouraging, but the
coincident depression in the prices of agricultural prod­
ucts raised in California and the subsequent general
prostration of trade and industry all over the United
States added still further to the difficulties of the
management.
As far as the late year was concerned the loss in
gross earnings was comparatively small, amounting to
only $715,168, or T44 per cent, and this loss the com­
pany was able to meet by a reduction of somewhat
over a million dollars in expenses, leaving actually a
small gain in net—$327,013. But to understand the
significance of the loss iu gross earnings, it should be
remembered that it follows heavy losses in the years
preceding. If we compare with 1893 (only four years
before) we find that gross then on about 200 miles less
road was $54,356,729, against only $48,871,900 now.
Expenses in the same four years were reduced over
three million dollars, that is from 834,815,527 to
831,015,941. but that still leaves a decrease of about
n million dollars in the net earnings, whic;h have
declined from *10,541,202 in 1893 to 817,105,959
in 1897. Notwithstanding this shrinkage in net
revenues, the income account for the late year
shows that the company on the operations of the
tw Ire months was able to meet all of its fixed charges
>:
and ox pens, (including $019,296 charged for the re­
placement of equipment. 8! 05,418 for applying auto-

848

THE CHRONICLE.

[VOL. LXV

If we seek for the causes to ex­
matic couplers to 7,283 freight cars and $490,245 ated.
contributed to sinking funds), and yet carry forward plain this cheapening in operating cost, wea balance of 2J million dollars—in exact figures, learn an instructive lesson as to the wisdom of ex­
$2,273,038. Taking out of this latter $922,798 spent penditures calculated to raise the standard and effic­
for betterments and additions (and which was charged iency of a property. From figures given in the
to the extent of $133,471 to profit and loss and $789,- report it appears that since 1885 no less than $16,327 to capital account of proprietary and leased lines), 723,335 has been spent for betterments and additions
there still exists a credit balance of $1,350,240. In to the property. This money has been applied in
other words this balance of 1J million dollars remains various ways—in substituting steel and iron bridges
even after taking out in full the betterment outlays, for wooden structures; stone, brick or concrete
whether charged to capital account or to profit and loss. foundations for timber ones; ballasting track and
These figures make it evident that the position of the using creosoted and burnettized ties in renewals;
company was a very strong one when the extreme de­ providing new rolling stock and in making various
pression in business began—that is, that there was con­ other improvements, additions and betterments.
These heavy outlays tend to reduce expenses in
siderable leeway for a loss in revenues without endan­
a two-fold' manner; first in diminishing the amounts
gering the company’s ability to meet its charges. But
the most important fact in connection with the falling needed in this way and in reducing repair and re­
off in revenues is still to be mentioned. The falling newal expenditures, and secondly in making it possi­
off was entirely due to a decline in rates—the volume of ble to move traffic at a lower cost per unit of work.
tounage actually increased quite considerably. In As one instance of the saving which the company has
brief, the company was able to add to the amount of been able to effect in maintenance of way expenses by
its freight traffic notwithstanding the depression in the large expenditures for permanent work, we may
business. While this speaks well for the way the road point out that the annual expense for maintenance
has been managed and the growth of the territory trib­ and renewal of trestling on the lines of the Atlan­
utary to it, it also serves to illustrate the difficulties tic properties has, under the use of creo­
the management have had to contend with. We have soted lumber, &c., been reduced from $317,848
become accustomed in this country to heavy declines in in 1891 to only $98,393 in 1896. It appears
rates, but the shrinkage in the case of the Southern from the Controller’s report that 4,634,242
Pacific is in extent rather out of the ordinary. In of the ties in the track, or about 18 per cent of the
1893 the company still realized an average of over 1£ whole, are burnettized or creosoted, and that 16,363,cents per ton per mile—1-505 cents; for 1897 the aver­ 050, or 64 per cent, are of redwood, cypress, cedar
age was but 1-126 cents. The contraction in the four and bois d’arc, which do not readily decay, and whose
years, it will be seen, has been almost three-eighths service is prolonged by the use of tie plates; thus
of a cent per ton per mile, or over 25 per cent. The leaving only 4,562,078, or about 18 per cent, of un­
expansion in traffic has been only less marked, and treated ties to be replaced by burnettized or redwood
very fortunately too, for had the decline in rates ties as renewals become necessary. It also appears that
been attended by a contraction in the volume of busi­ about 20 per cent of the timber trestles have already
ness the result must necessarily have been serious. As been renewed with creosoted lumber, and that there
it was, the density of tonnage, that is the ton miles are 961-40 miles of tie-plated track in the road bed.
per mile of road operated, rose from 299,929 tons in
We need hardly say that the company has also been
1893 to 351,836 tons in 1897. Noteworthy though the increasing its train loads, thus admitting of the move­
increase in traffic has been during the four years, it is ment of an increased amount of tonnage on a decreased
in ratio only 17-31 per cent, as against the 25-18 per freight train mileage. In the late year, for instance,
cent decline in rates.
the train load was added to in amount of over 14 tons.
The report contains an interesting computation The report contains figures this time showing the
showing the effect that the decline in rates has had on train load on the basis of the actual revenue train
revenues. In brief it is found that had the company- mileage, and from these it will be seen that the train
been able to realize in 1897 the average rates received load on this basis in the late year on the Pacific Di­
only four years before, earnings for 1897 would have vision was nearly 239 tons. That this is a high aver­
been $10,632,238 greater than they are. This, then, age will appear when we say that on the New York
represents the extent of the contribution made by Central the load in the same year was 270 tons. The
one large system to lighten the transportation charges comparison is intended as only a rough one, as we do
of producers and shippers during the period of depres­ not know whether the method of computation on the
sion through which the whole community passed Central is precisely the same.
during these four years. It becomes evident, too,
As certain roads have made application to the Inter­
that except for this reduction in rates the gros earn­ state Commerce Commission for an extension of time
ings for 1897 instead of being 5J) million dollars less (beyond January 1 1898) for equipping freight cars
than for 1893 would have been over 5 million dollars with automatic couplers and train brakes, under the
larger than in that year.
act of Congress approved March 2 1893, the following
Another feature in the company’s affairs is worth statement in the report becomes interesting: “ These
bringing out. We saw above that expenses in 1897 companies began to equip their locomotives and freight
were about 3 million dollars less than in 1893, not­ cars with automatic air brakes a number of years ago,
withstanding the addition of some 200 miles of road. and the equipment with air brakes, as required by act
The figures we have just given make it apparent that j of Congress, has been nearly completed. Automatic
this reduction was effected in face of an increase of couplers have been applied to very much more than
17 per cent in the amount of tranportation work done, one-half of the freight cars of the company as re that is, the volume of freight traffic moved. Noth­ quired by this act.”
ing could show more strikingly the increased
President C. P. Huntington makes some timely
economy with which the road is being oper­ observations bearing on the decline in rates. He

N ovember 6, 1897.J

THE CHRONICLE.

says it is evident that rates should be increased or else
tonnage will have to be ranch greater than it has
been in order to maintain the roads in their present
efficiency and leave a fair return to those who have
invested their money in creating the properties. He
points out that- the shareholders of the Southern
Pacific have never received a dividend since the or­
ganization of the company, but have on the
contrary advanced many millions to place their
properties in the present high state of efficiency
for the public service. He does not believe that
the public, when it understands the matter, will
desire to have the railroads operated at prices which
cannot leave a fair return to those who have spent
their time and money in building them. He lays
great stress upon the recent action of the North
Carolina Railroad Commission, in refusing to further
reduce freight and passenger rates, as evidence of a
growing disposition to treat railroad properties with
greater fairness than in the past. He thinks the neces­
sities and requirements of a railroad’s existence are bet­
ter understood than ever before, and the inter-depend­
ence of State and railroad in those matters which
directly concern the progress and prosperity of each
is being more clearly recognized.
He speaks encouragingly of the indications of re­
turning confidence and business activity. The re­
vival in general business, he says, has already been
reflected in a gratifying improvement in the com­
pany’s business since the close of the fiscal year,
and all signs point to the movement of a large ton­
nage in both directions over the lines of the system.
As bearing out these remarks we may note that the
monthly returns show an increase for July and August
of #1.450,549 in gross and of #984,204 in net. The"
full statement for September has not yet come to hand,
but the Pacific Division alone for that month records
#557,583 gain in gross and #498,981 gain in net.
COTTON CONSl MPT ION AN D OVERLAND
MOVEMENT TO NO VEM BE R 1.
The weather conditions during October have favored
the rapid gathering of the cotton crop, and marketing
has been upon a very liberal scale, although checked
at some points by the yellow fever quarantines. The
movement has been only slightly less in volume than
a year ago, appreciably heavier than in 1895, but not
so liberal as in October 1894. Our statements show
that 1,871,754 bales have come into sight through the
ports, interior towns and the rail movement overland,
whereas in October of 1896 the total reached 1,891,562
bales, in 1895 it was 1,722,122 bales and in 1894
reached 2,116,630 bales. The aggregate for the two
months of 1897 is 2,941,454 bales, or 172,395 bales
less than for the two months of hist year.

849

two months falls behind that of ayear ago 19,702 bales'*
The details of the whole movement overland for
three years are appended:
OVERLAND FROM SEPT, 1 TO OCT. 31.
1897.

1896.

1895.

150,154
63,523
2,556
5,778
13,321
11,794
17,213
2,528

131 298
72,046
4,745
6,832
40,147
28,983
15.750
2,631

115,509
51,152
6,293

268,867

302,482

224,133

O verland to N ew Y ork, B o sto n , A c . . .
B etw een in terio r to w n s ____________
G alveston , Inland and lo ca l m ills ..........
New O rleans, In lan d a n d lo ca l m ills ...
Mobile, Inland a n d lo o a l m ills .................
S avannah, Inland an d local m ills............
C harleston, in lan d an d local m lU s........
N. Carol’a p orts. Inland and local m ills.
V irginia p o rts. In lan d 4n d local m ills ..

38,954
2,605
734
2,941
1,140
183
775
192
1,498

55,102
1,023
1,016
3,958
1,920
167
239
1,510

34,319
1,352
959
3,872
1,426
396
1,276
243
1,120

T otal to be d e d u o te d .............................

49,022

64,935

44,963

l m o u n t th ip p ed —
Via 8t. L on ls............................................
V iaC felro..........................................................

Via P a r k e r ..........................................
V ia S o c k Is la n d .............................................
Via L o u isv ille .......................................
Via C in c in n a t i........................
Via o th e r r o u te s.......................................
• U p p e d to m ills , n o t in o lu d e d a b o v e ..
T otal g ro ss o v e r la n d .......... ..................

27,787
12,040
2,038

’ duet iM p m e n tt —
H

L eaving
* n u n to ta l
S eptem ber 1
hale* an d i n

217,845 237,547 179,170
Include* sh ip m en ts to C anada b y rail, w hich slnoe
In 1897 am o u n ted to 14,309 bales, in 1896 w ere 17,384
1895 w ere 7.B48 bales.

to ta l n e t overlan d *..............

RECEIPTS, EXPORTS AND SPINNERS’ TAKINGS.

The port movement—the net receipts—approximates
closely to that for October, 1896, hut compared with
1895 an appreciable increase is exhibited; the receipts
for the month have been 1,424,907 bales, against
1,468,516 bales a year ago and 1,202,460 bales in 1895.
For the two months the loss from 1896 is 169,393 bales,
and compared with 1895 the gain reaches 625,263 bales'
Foreign exports have been heavy during the month,
and have reached 1,028,634 bales against 906,488 bales
last year and 630,060 bales in 1895. For the season to
date the excess over a year ago is 28,011 hales.
f r o m R e c e ip t, R e c e ip t, s x n o H T s s i x e s s e p t , i , i s w t o r in c t
S e p t. 1* 18»7. to tin e *
S e p t. 1 S e p t. 1, G r e a t
F ra n c e . C o n ti­
T o ta l.
G et. 81,
n e n t.
im i.
1896.
B r ita in *
if tlT e ttim .......
T e x a s C ity ,A c .
'imw O rla a n * .
tfo b il# .,. . . . . . . . .
f l o r i d * . . . .#*•-*
4 * w * n n a b ...........
B ra s.* w! o k , 4 c .
jfc a r lM to n ....
P o r t R o y a l ,4 c
< n i m l n * to n . . .
W &*blnKt, n ,4 c
N o rfo lk . . . . . . .
N a w p ’t,N ew * ,4 o
U w Y o rk . . .
• o s t o s ................
ia ltlm o r# . . . . .
U l l la d s lp h l s , A c
S a n F r a n '« c o ,A c
T o ta l

1

*81.478
83.818
16,121
403.887
59,394
175.83P
28,078
147.888
626
18.1,880
6.279
2,818
18.341
6,868
13,912

640,708
88,231
720,203
92.017
6,853
304,501
39,288
180,105
12,219
115.125
813
261,091
4,173
10,371
28,523
8,490
7,218

..

T o t a l 1 P 0 5 ....

71,002

149.895
9,706
8,150
23,489
80,330
30,690
16.946
78.410

75,080

18,111
1,400
60,837
45.V08
1L92.“
»
2,351

05,871
3,300
05,088
6,500
147,318
10,552
60,749
8.000
36.166
1,799

13,701
900

i t . 8 '8
351
10.975
8*0
11,085

319,593
3,300
320,072
0,7Od
14.650
170,w07
30,882
81,839
24,940
114,575

192,730
160,075
30,580
127,900
17,921
58,828
20,458

19,910
1,499
119.50Q
45,619
29.800
3,20«
1 1 ,6 8 .

33.800
1,480
02,627
17,100
12,290
3,455
786,153

657,167

163.842

500,081 1,321,090,

2,381,002

718.055

144,310

429,8141 i.2 9 3 ,079 1,099,662

1,686,346

344,317

71,944

W ........ 2,311,000

T o t a l 1890.

179,060

S toch$
O cte 81

325,3321 741,013

918,217

* Greai B ritain e x p o rts Include to th e Channel.

Using the facts disclosed by the foregoing state
ments, we shall find that the portion of the crop which
The movement overland has been a little les3 than has reached a market through the outports and over­
in October 1896, the gross shipments reaching 223,- land, and the Southern consumption, since September 1
543 bales, which compares with 233,521 bales in 1896, this year and the two previous years is as follows:
206,093 bales in 1895 and 271,027 bales in 1894. The
1896.
1895.
1897.
loss this year is largely in the movement via Louis­
2,211 609 2 ,3 8 1 ,0 0 2 1,58 6 .3 4 6
R
te
th
o rts
ov. 1. .
ville and Cincinnati, although the shipments via N e eiplp mactn ts nev p rla n iltod uN in g sm itebales. 217,84ft 237, 5 47 1 7 9 ,1 7 0
t sb
e
r
tim e
Cairo have also decreased. The movement via St.
Total r e c e ip ts
........................... ba le s. 2,42 9 ,4 5 4 2,618 ,5 4 9 1,76 5 ,5 1 0
Louis, however, is greater than in 1896. The net 8 m tlieim reinniminfclcm s in c e fie p re m b o r 1 1 8 6 ,0 0 0 16 4 ,0 0 0 1 0 8 ,0 0 0
T o ta l to N ov. 1.......................... .. b a le s 2,61 5 ,4 5 4 2 ,7 8 2 ,5 4 9 ’1.933,516
O verlan d for the month is almost the same as in OctThe amount of cotton marketed since September 1
o W last year, being 183,747 bales, against 183,746
bales; but compared with 1895, when the total was in 1897 is thus seen to be 167,095 bales less than
170,662 bales, t here is an increase. The total for the in 1896 and 681,938 bales more than in 1895. To
O V E R LA NT) M O V E M E N T TO

NOVEM BER

1.

tHE CHRON'f LE.

850

[VOL. L S V , •

determine the portion which has gone into the hands of year being 509 '66 lbs. per bale, against 507-32 lbs. per
Northern spinners during the same period we have bale for the same time in 1896 and 510-00 lbs. in
1895.
prepared the following:
T H E D R Y GOODS T R A D E D U R IN G OCTOBER.

Total receipt* to O ctober 3 1 ,1 8 9 7 , a s a b o v e............... b a les 2,615,454
g e c k o n hand com m enom nent of y ea r (Bept. 1, 1897) —
A t N orthern port*.....................................
42,3 5 1
A t Southern port*.....................................
3 4 .6 6 4 — 7 7 ,0 1 5
At Northern Interior m arket*..................................
3 ,9 8 9 80,004

Bi siness during the month of October has proved
disappointing. The demand for cotton goods has
fallen short of expectations so far as staples and
Total su p p ly to N ovem ber 1 , 1 8 9 7 . . . . . . . . . . . . ..................... 2,69 5 ,4 5 8 seasonable fances have been concerned.
Trade with
O f th is supply th ere ha* been exp o rted
the South has been seriously interfered with by yellow
to foreign port* tdnoe S ep t. 1 ,1 8 9 7 1 ,3 2 1 ,0 7 0
Less foreign cotton I n c lu d e d ... b ales.
3 ,3 3 7 1 ,3 1 7 ,7 5 3
fever restrictions. Unusually mild weather generally
Sent to Canada d irect from W est..............................
14,3 0 9
has restricted distribution elsewhere, and a steadily
B nrut North and S o u th ................................................
618
declining market for raw material has been another
Btook on hand end of m on th (Oct. 3 1 ,1 8 9 7 )—
A i Northern port*....................................
95,3 7 2
unfavorable influence. Production lias been full, and
A t Southern port* . . . . . . . . . . . . ------- - 6 3 9 ,7 8 1 — 7 3 5 ,1 5 3
A t Northern interior m a rk et*..................................
5 ,9 7 7 -2 ,0 7 3 ,8 4 0 the month closes with larger stocks in first hands than
621,618 at the opening and with a lower average range of
Total taking* b y spinner* sin c e 8 e p tf m ber 1 ,1 8 9 7 .................
186,000 pi ices, although there has been little change in open
Taken by Southern sp in n e r s...............................................................
T a k e n by N orthern spinn ers ln c e Septem ber 1, 1 8 9 7 ..........
435,618
Print cloths have been weak and have
Taken by Northern sp in n ers sam e tim e In 1 8 9 6 ........................
4 3 0 ,563 quotations.
Increase In tak ings by N orthern sp in n ers th is y ea r, bales
5,055 declined to 2fc. for extras, the lowest point hitherto
The above indicates that Northern spinners had up recorded in the print cloth market.
to Oct. 31 taken 435,618 hales, an increase over the
. H96
1897.
as
corresponding period of 1896 of 5,055 bales and a «
Oott'n Print- Sheet- Lan- S ’th’n Oott'n P rint- Sheet L an- S’th ’n
gain over the same time of 1895 of 56,220 hales.
H
low
ing ings, caster 3 -yd.
low
ina ings. easier 3-yd.
m id - cloths, stand- ging- sheet- m id- cloths, stand- a ingd lin g 64x64 ard. hams ings. dling. 64 x 6 4 ard. hams

A M OUNT OF CROP NOW I N S IO H T.

In the foregoing we have the number of bales which
has already been marketed this year and the two
previous seasons. An additional fact of interest is the
total of the crop which was in sight on November 1
compared with previous years. We reach that point
by adding to the above the stock remaining at that
date at the interior towns less stock held by them at
the beginning of the season. In this manner we find
the result for three years on Nov. 1 to be as follows:
1897.

1896

1 895

T otal m arketed, as a b o v e ___bale*
Interior stock* In e x c e s s o f Sept . 1.

2.615.4 54
326,( 00

2,7 ’ 7,549
3 3 1 ,300

1,' 3 5,516
331,i 00

T otal In s ig h t..................... tiaiea.

2 ,9 4 1 ,4 5 4

3 ,1 13,849

2,"64,516

This indicates that the movement up to November 1
of the present year is 172,395 bales less than in 1896
and 670,938 bales in excess of 1895.
As it will interest the reader to see what has come
into sight each month of the season during this and
previous years, we have prepared the following, which
shows the movement for the last four seasons.
Months.

1897.

1896

1895.

Septem ber...........
Ootob r .................

1 ,0 6 9 .8 0 0
1,871,754

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

5 4 2 ,3 9 4
1 ,7 22,122

1894

1..
2..
3..
4..
5..
6..
7..
8..
9..
10..
11..
12..
13..
14..
15..
16..
17..
18..
19..
20..
21..
22..
23..
24..
25..
26..
27..
28..
29:.
30..
31..

2*9

2H
6 ’ 16
68ip.
6*16
6L *

2it»
2ifl
2kj
28)
213
21*

6
51=16 212
a-' i8
b">16 2 ’ le
5 7a
2718
5-'a
2%
2%
5 ti
23*
2 3s
5*
5%
2=8
o H ,e 238
bU i« 2=e
5=8
56s
t°8
0%

238
23a
2%
238
2 "8
2%

4%
4%
...8 ..
4%
4%
4 \

5
5

439

5

tS j
43g
43a
43a
438
43a

5

434

5
5

4 4,
434

5
5

43t
43*
4%

5
5

434

4%
4%
.,S .. .
434
43,
4 %
4 %
434

4%

5
5
5

43s
4=a
43s
43 q
43a
438

5
5
5
5
5
5

4M
4 t.
4 >4
4M
4>
4
4^

5

414
4M

5

434

43l
4%
4%
4%
4%

43g

5
5
5
5

8
8

%

2°a
2 %
2»8

71316
7 3*
7=8
I 9.e
73,0
7*16

2=8
2 38
2^8
2=8
250
2 ’ ia

7«10
7%
7*10
7 “i*
7 9 ,e

5ia
5^
5^
- ..8 ...
5 %
51a
5>*

2»1«
2 « lf
2«ia
2 *16
2»ia
2«,0

7 y:e
7 9ia
7%
7=a
7910

5
5
5

5%
5%
5 ie

5

5*8
5 ’-8
5*s
5^
5 i*
5^8

5
5
5
5
5

. . . 8 .. .
5

5*9
51
*
5 ^2
5*9
51*
. .. 8 .. .
2?10 5k>
23l„
5>9
2»8
5*9
5*a
2=8
2*8
5 19
5 vo
2=8

5^

5
5

5ifl
5 %

5
5
5

5%
5^
5H5%
5ifi

5

5

5*3
5*9

5 ie
5 19

513

. . . 8 .. .

2=8
208
2=8

5^

5
5
5

5
5

5 1 *.
5 19

5
5

5*s
5*8
5
2=8
5 19
5*8
5 19
5
5 %
2=8
t3P" Tbe ab o v e price* are—For co tto n , lo w m id d lin g u p lan d s a t N ew
Torn; for p riu c ln g clo th s, m anufacturers’ n e t prices; lor sh e e tin g s a n d
gin gh am s, a g e n ts ’ prices, whioh are subject to au a v e ra g e d isc o u n t of 5
per c en t, e coept w hen oth erw ise s ta te d ; Sou thern s h e e tin g s net.
5e ia

414
4*4

73,8
7816
73„
7%

5*2
5>2
5*2

sheet•
ings.

2=
8

5 19

5*9

THIS BRITISH GOVERNMENT AND THE PROPOSALS
OF THE UNITED STATES SILVER COMMISSION

The following is the text of the reply sent October 19 by
Lord Salisbury through our Ambassador at London, Mr.
T otal 2 in on tli* 2 ,9 4 1 ,4 5 4
2 ,2 6 1 ,5 1 6
3 ,1 1 3 ,8 4 9
2 / 80,333 John Hay, to Senator Wolcott and the other members of the
5 ,6 0 0 /6 2
B alan ce sea so n ..
4,89 7 ,9 5 7
7,112,433
Monetary Commission regarding the proposals of the United
T otal orop.......
8 ,7 1 4 ,0 1 1
7 ,1 6 2 ,4 7 3
..............
9.892.766
States asking Great Britain’s co-operation in promoting bi­
W E IG H T OF BA LES.
metallism :
To furnish a more exact measure of the receipts up “ Sir—Her Majesty’s Government have given their most
consideration
to Oct. 31 we give below our usual table of the weight careful were submittedto the proposals respecting currency
which
by the representatives of the United
of hales. We give for comparison the figures for the States and France at the conferences held at the Foreign
Office on July 12 and July 15 last. I have the honor to
same time in the two previous years.
enclose a copy of a letter from the India Office to the
Treasury, from which it will be observed that their
8a me
8a nt \
unanimous and decided opinion is that it would he
Two Months E n d in g October'S! t 1897. peri'd in peri'd
most unwise to reopen the mints as part of the proposed
1896
1895.
arrangements, and that -this conclusion is indorsed by
Number of
Weight iw
Averag* Averag • Averag■ the Secretary of State in
Council. Her Majesty’sPounds.
Sales.
Weight. Weight Weight
GovernmeDt have carefully considered the reasons by whichi
T e x a a ...............
6 0 8 ,5 3 8
8 2 4 ,1 4 9 ,9 3 6 5 3 2 67 5 2 9 40
540 68 this conclusion is supported. Among other arguments the
Government of India point out that they can hardly be ex­
Lonlalana.........
4 8 1 .4 7 8
2 4 6 ,2 9 5 ,2 f 6 511-54 511-93
5 2 0 20
pected to give up the policy which for four years they have
A la b a m a ........
83.8 1 8
4 3 .2 5 0 ,(8 9 5 1 6 0 0 511 00
505*00
been endeavoring to make effective, in the absence of sub­
Georgia*.........
4 7 8 ,4 1 2
2 3 9 ,5 2 1 ,7 5 2 5C0-66 493*97
4f 0 08
s'antial security that the system to he substituted for it is
2 0 3 ,9 1 5
Booth Carolina
1 0 0 ,5 0 7 ,6 6 4 492 89 492-72
491 22
practically certain to be stable. If, owing t-> the relative
1 6 8 ,6 0 6
V irginia............
8 2 ,7 7 5 ,4 3 0 490-94 490*00
489-96
smallness of the area over which the bimetallic system is to
North Caroline
147,888
7 5 ,0 9 3 ,0 9 0 5 07-77 5 0 1 0 0
492 94
be established, to the great divergence between the proposed
Teone«*ee. Ac
4 4 2 ,7 9 9
2 2 1 ,3 9 9 ,5 0 0 500-00 499 00
601-00
ratio and the present gold price of silver, or to any other
T o t a l...
2 ,6 1 5 ,4 5 4
1 ,3 3 2 ,9 9 2 ,7 1 6 509*66 507-32
5 1 0 00 cause, the legal ratio were not maintained, the position of
* Including Florida.
silver might be much worse than before, and the financial
of
of India greater
It will be noticed that the movement up to Nov. 1 embarrassments they the Governmentto contend. Thesethan
any with which
have as yet had
are
shows an increase in the average weight ns compared argrments against the proposals as they stand of which it is
to deny
with the same period of last year, the average this impossibleappear tothe force ; but even were they less strong
than they
Her Majesty's Government, or than they
663,703
2,116,' 30

No em er 6. 1897,
v b

THE CHliCXNICLE,

wUl probably appear to the representatives of the United
States and France, the Government of India could hardly be
compelled, against their own decided opinions, to make a
second important change in Indian cnrrency within so shor
a period as four years, at a time of exceptional difficulty and
suffering In these circumstances Her Majesty's Govern­
ment feel it their duty to state that the first prop isal of the
United States representatives is on© which they are unable to
accept. Her M ijesty's Government are therefore desirous to
ascertain how far the views of the American and French
Governments are modified by the decision-now arrived at,
and whether they desire to proceed further with the negotia­
tions at the present moment."
The full correspondence concerning the proposals of the
United States was published in a Parliamentary paper issued
Friday, October 2?. The English papers to hand this week
contain very extensive summaries of this correspondence, and
from them we take the following extracts .
TH E PRELIM IN A RY NEGOTIATIONS.

The correspondence opens with brief communications in
which the Treasury and the India Office are respectively
made acquainted with a meeting held at the Foreign Office
on July 13, at which various proposals—set out in detail
hereafter—were made by Senator Wolcott, one of the United
States Commissioners. In the letter from the Treasury to
the India Office which bears date August 2, allusion is made
to the serious issues involved in the prop seals in question,
and the Lords of the Treasury state that, before expressing
any opinion on the matter themselves, they would be glad to
team the views of the Secretary of State and of the Govern rri-rit of India, In another letter, despatched by the Foreign
Offi.-e to the Treasury on August 5, are enclosed memoranda
not only of the meeting held on July 13, but of one also held
at the Foreign Office three days previously Those present
at that meeting were Lard Salisbury, Lord George Hamilton,
Mr. Balfour, Sir Michael Hicks-Beach, the Hon. John Hay
(American Ambassador) and the three special envoys from
the Unite ! States, Messrs. Wolcott, Paine and Stevenson.
On the invitation of Lord Salisbury, Mr. Wolcott made a
statement as to the nature of the envoy's mission, explaining
thM they had determined, in the first instance, to ascertain
the views of the French, English and German governments
on the question of reaching an international agreement re­
specting bimetaliia n. After mentioning that a complete and
satisfactory preliminary understanding had been arrived at
with the Government of France, Mr. Wolcott presented
some reasons which, in the opinion of the envoys, rendered
an international agreement desirable, and explained wiry the
success of the effort to secure such agreement depended upon
the attitude of England Mr. Wolcott’s suggestions are in
the memoranda tabulated in the following form :
PROPOSALS O P TH E OttTTSO STATES

l. Opening of the India Mints ; repeal of the order making

the sovereign legal tender in India.
S Placing one fifth of the bullion in the issue department
of the Bink of England m stiver.
3, (a) Raising the legal tender limit of silver to, say, £10 ;
(b) isailing of 3m, notes, b ised on silver, which shall be legal
tender ; (c) retirement, gradual or otherwise, of the 10s. gold
pieces and substitution of paper, based on silver.
4, Agreement to coin annually £ ------- of silver. (Present
silver coinage average for five years about £1,000,000, less
annual withdrawal of worn and defaced coin for re-coinage,
*850,000).
5, Opening of Indian Mints to the coinage of rupees and for
the coinage of the British dollar, which shall be fall tender
in the Straits Settlements and other silver standard colonies,
and tender in the United Kingdom to the limit of silver legal
tender,
8. Colonial action and coinage of silver in Egypt.
7. Something having the general scope of the Hnskisson
plan
Owing to the absence of the French Ambassador f Ba-on de
Courcel), it was mutually agreed to regard the discussion
which took place on Mr. Wolcott’s proposals as informal, and
In order to give his Excellency an opportunity of expressing
his views the meeting was "eventually adjourned ti ,til the
following Thursday July 15. Both the French Ambassador
and the French Minister Plenipotentiary (M. L. Geoffrey)
then attended the gathering.
POSITION O F TH E FRENCH GOVERNMENT.

The meetiog was very largely occupied with an important
declaration by the French Ambassador of the position taken
up by bis G /vemmeut on the matter. After describing in
detail the inadequacy of the present monetary situation,
caused inn he stated) among other things by the supera­
bundant production of silver, Baron de Con reel mentioned
that the dealderatnm which he was instructed to urge was
the reopening of the miote of all the commercial countries to
the free coinage of stiver in the ratio of \~>]4 with gold.
The French Government, he s'ated, would not consider the
reopening of tbe mints of India alone a guaranty sufficient
to p-'rtn t them to reopen the French mints to the free coin­
age of silver, but his Excellency suggested that (in the event
of the English G mimment refusing to adopt, the same
measure for England) other steps might be taken which
would tip to la certain point be equivalent, One of these
slternfitivo expedients was that England should purchase an­

85 L

nually a certain quantity of silver metal, say £10,000,000, for
a series of years.
ENGLAND W IL L NOT OPEN H ER MINTS TO SILV ER .

Ia reply to the declarations of the French Ambassador the
Chancellor of the Exchequer stated definitely that the Eng­
lish Government would not agree to open the English mints
to the unlimited coinage of silver, and that whatever views
he and his colleagues might separately hold on the question
of bimetallism, he thought he might say they were united on
this point,
INDIA GOVERNMENT OPPOSES REOPENING OF INDIA MINTS.

Lord George Hamilton, on the 5th of August, apprised the
Government of India of the suggestions made by the Ameri­
can envoys and the French Ambassador, and to this dispatch
the Government of India replied in a letter dated the 16th of
September, in which they recommended the rejection of the
proposals for reasons which were stated at considerable
length. The communication, which occupies more than six
closely printed pages in the official paper, and the first of the
signatories of which is Lord Elgin (Governor General), first
details the peculiarities of the r-speetive currency systems of
France, the United States and India, Reference is made to
the proposals in de by the Government of India ia 1892,
which ultimately resulted in the adoption of the policy of a
gold standard an 1 in the closing of the Indian mints to the
free coinage of silver. It is pointed out that if it were cer­
tain that the measur* s now proposed would result in the
establishment of a stable ratio bet ween the rupee and sterling
currency, the Government of India might well consider
whether their adoption would not be preferable to the policy
to which they committed themselves in 1808, in the hope oE
attaining the same result by isolated action on the part of
India alone.
Proceeding to discuss the new proposals in detail, Lord
Elgin an i his colleagues express the belief that the first re­
sult of the suggested measures, if they even temporarily suc­
ceeded in their object, would be an intense disturbance of
Indian trade and industry by the sudden rise in the rate of
exchange, which, if the rario adopted were 15bj to 1, would
be a rise from about 16d. to about 23d, the rupee. Such a
rise would be enough to kill their export trade, for the time
at least. If the public were not convinced that the arrange­
ment would have the effect intended, or believed that it
would no; be permanent, the paralysis of trade and industry
would be prolonged, and accompanied by acute individual
suffering Hone of the advantages expected would be at­
tained, and the country would pass through a critical period,
which would retard its progress for years. The home offic­
ials were reminded that, owing to the fact that both France
and the Uoited States hold large gold reserves, the question
ia les* serious for them than for India, on whom alone prac­
tically the whole risk of disaster from failure would fall.
“ Moreover", continues the communication, “ it seems to
us somewhat unfair to expect that India should, after its
struggles and difficulties of the last decade, consider itself
on the s;tme plane in the discussion of those p ojects as
France and the Untied States. India has since 1893 passed
through a period of severe tension and embarrassment alike
to trade and to the Government. We are satisfied that, great
as have been the troubles which have attended this period of
transition, the attainment in the end of the paramount object
of stability in exchange is worth more than all the sacrifices
made. We believe that our difficulties are now nearly over,
aid that we shall in the near future succeed in establishing a
■(table exchange at 16d. the rupee, by continuing the policy
initiated in 1803.’’
Doubt is next expressed as to whether France and the
United States are likely, with the help of India, to be able to
maintain the relative value of gold and silver permanently at
the ratio they intend to adopt, and the possible contingencies
which might follow with either France or the United States
reduced for a time to a paper currency are suggested as being
worthy of consideration. The Indian Government further
express the opinion that a three sided agreement is open to
much greater risk of termination by the action of one or two
of the parties than a many-sided agreement, such as they ad­
vocated before 1-93. For these and other reasons, without
taking into consideration the objections bas-d on the particu­
lar ratio proposed (which are separately discussed), the
writers continue: “ We have no hesitation in recommending
yonr Lordship to refuse to give the undertaking desired by
the governments of France and the United States. We are
quite clearly of opinion that the interests of India demand
that her mints shall not be opened as part of an arrangement
to which two or three countries only are parties, and which
does not include Great Britain." The concluding portion of
the dispatch is mainly occupied with a declaration that,
whatever inducements are held out to her by other nations,
India’s best policy in monetary matters is to link her system
with that of Great. Britain; a criticism of the rates of 15)a
to 1 as being too high, and a reiteration of the “ unanimous
and decided'’ opinion before-mentioned.
In forwarding this dispatch, on October 13, to the Treas­
ury, Lord George Hamilton recorded his concurrence with
the recommendations of the Indian Government, and on the
18fh of October the First Lord of the Treasury handed over
the matter to the Foreign Office.
The correspondence concludes with the reply of Lord
Salisbury, announcing the decision of the British Govern­
ment, and which reply we have printed above.

THE CHRONICLE.

852

[V o l . LXV,

and preferred, Baltimore & Ohio, Central of N. J., Chesa­
peake & Ohio, Chicago Burlington & Quincy, C. C. C.
St.
Louis, Chicago Gas, Ch-oago Great Western common,
Chicago Milwaukee & St. Paul common, Chicago iSf
North Western common, Chicago Eock Island & Pacific.
Chicago St. Paul Minneapolis & Omaha common. Del­
aware & Hudson, Delaware Lackawanna & Western,
Erie, General Electric, Lake Shore & Michigan Southern,
Louisville & Nashville, Manhattan, Missouri Kansas <4
Texas preferred, Missouri Pacific, National Lead common,
New York Central, New York Ontario & Western, New York
Susquehanna & Western preferred, Northern Pacific pre­
ferred, Paoifio Mail, Reading common and first and second
preferred, St. L uis & San Francisco 3d preferred, Southern
Hailway common and preferred, Tennessee Goal & Iron,
Texas & Pacific. Union Pacific, United States Leather oommon and preferred, United States Rubber common, Wabash
oommon and preferred and Western Union.
The course of bank clearings at leading cities of the country
for October and since J a n u a r y 1 in each of the last four
Per Cem. years is shown in the subjoined statement.

Clearings by Telegraph.—Sales of Stocks, Bonds, &c.
Stock Exchange Clearing-House Transactions.—The sub
joined statement, covering the clearings for the current week,
usually appears on the first page of the C h r o n i c l e , but on
account of the length of the other tables is crowded out
once a month. The figures are received by telegraph from
the leading cities. It will be observed that as compared with
the corresponding week of 1896 there is an increase in the
aggregate of 17-9 per cent. So far as the individual cities are
concerned New York exhibits an excess of 20 7 per cent, and
the gains at other points a re: Philadelphia 10*1 per cent,
Chicago 40'7 per cent, Baltimore 15*6 per cent and St. Louis
48*0 per cent. Boston records a loss of 12*2 per cent and New
Orleans 81 per cent.
Week Endino November 0.

Clkarixob .
Return* by Telegraph,

1896.

1897.

Herr 5*ork........................ .........
B oston .......... . . . » ....................
Philadelphia..............................
B altim ore..................................
Chicago ...................................
6t. L o u is ...................................
New Orleans.............................

$590,.573,972
83,789,759
54,919,794
13,814,759
97,158,824
24,303,904
7,533,159

$489,102,869
95,457,293
49,897,425
11,950,094
67,832,229
16.404,590
8,281,104

+20 7
-1 3 -2
+10*1
+15*0
+43*7
+48*0
- 91

Other cities, 5 days........... .

$372,154,171
160,019.284

$738,788,604
130,794,208

+18*1
+22 3

Total all cities, 5 days ..
All cities, 1 d a y .........- .............

$1,032,173,455
215,011,764

$869,582,872
188,000,612

+18*7
+14*3

Total all c ities for w eek

$1,247,185,219

$1,057,643,484

+179

Another table, our usual monthly detailed statement c f
transactions on the various New York Exchanges, has alto
been crowded off of the first page. The results for the ten
months of the current year, are, however, given below and
for purposes of comparison the figures for the correspond­
ing period of 1896 are also presented.
Ten Months, 1897.
Description. Par Value
or Quantity
■tOCkjShJ.;
RR. bonds..
OoT*t bonds
State bonds
Bknk stocks
T otal...
Cotton., bis.
Grain.bash.
Total value.

Actual
Value.

Actual
Value.

Aver’or
Price.

44,883.719
04,052,091
ICI304IO3EO j 4030759116 05*7 j $4,179,042333 i 2759520385 00*0
$283.1 >07,670 $200,788,382 70*9
14 3+030,110 1333.247,734 76*4
$23,394,950 $20,987,789 115*4
19,437,800 $11,416,349 121*0
11.2-8,100
*779,353 60*6
$1,731,500
$913,554 52*8
$437,437 176*0
|248,010
$472,420
$774,517 103-9
10583423970 $4.370039989 00*5
$4,487,018373 #2,98-934507 860
22,360,700 $772,482,350 $34*55
39,085,000 #1,450909985 $38*10
1272,170,7v3 $1,01392120d 79 2-3C. 1,044,981,065 $091,943,7291 00J4C.
$0,163043548
$5131,5332211

The transactions of the Stock Exchange Clearing-House
from Oct. 2.5 down to and including Friday, Nov. 5, also
the aggregates for January to October, inclusive, in 1897
and 1896 are given in tabular form below.
• took e x c h a n g i o l e a b ir g s o o n t b a h » a o t io «».
— Share/, both /id e e .— ,

Cleared

is»e-

January .
February.
M arch . . .
A bril.........
M a r...........
J a n a .........
J u ly .........
A oarnat....
• •p ta m b 'r
O a to b a r...

Total Value

15.298.600
17,004,900
18,576.000
11.882,200
10,291,800
16,489,800
21,168,300
18.687.200
17,840.200
17.38i.200

*

---------- Balaneee, one eide ---------. Sheen

Sharee. Value Sharee. Oath. Cleared
*

*

957,700,000
1,068,600.000
1,088,800,000
984,000.000
760.900,000
1,132,400,000
1,398,600,000
1 /8 1 .9 0 0 .0 0 0
1,186.100,000
1,068,373,000

1,814,200
1.906.600
1.831.600
1.889.100
1,122,000
1.684.100
1.208.600
1,801,700
1.550.100
1,-. 82,900

88,400,000
108,300,000
91,000.000
99,800,000
89.lu0.000
96,900,000
107,600,000
89,800,000
86,200,000
90.900,000

10 m o l . . 184,140,700 10,091,973,000

17,109,400

910,600,000 14.334,000

1,446,000
1,364,400
1,462,800
1,233,300
923,800
1,326,600
1.868,200
1,800,800
1,621,900
1,407,300

6 874
6 261
8 811
8'484
s'ysl
8387
6,'sM6
>
6 288
7 171
O.Vi
0583

18»7J a n u a r y ...
ka b ru ary..
M arch........
A p r il.........
M a r ...........
J u n e ...........
J u l y ............
Ao m it ...
•a p ta m b 'r
O c to b e r ...

lOmoi

12.010,700
10.223,800
18,14,1.000
14 1-12,800
13,060,400
22.659.200
22.358,100
88,912,300
43,376,900
27,278,700

778,18)0,000
709.500.000
1,270.700,000
1,029,200,000
931,800.000
1.737.680,000
1, 661/ 00,000
2,321,600.000
9,870,100.000
1,974,900.000

1.425.800
74.900,000 1.068,000
1.098,600 69,600,000 879,400
1.918.700 113,200,000 1,669,200
1.367.300
82.200,000 1,334,900
1.260.700
78,900,000 1,1-61)00
2,501.000 153.839,000 1,8"4 100
2.878.800 171,600,000 1.761,600'
6,177,200 287,100.000 3,047,900
6.948.300 870,300,000 3.473 900
3,307,400 216,800,000 2,321,800

221.978.600 16,276,280.000 28.847.400 1/05,429,000 18,227.40 0
^Sharee, both eidts —.
Cleared, total Value,

(0 0 0 ,0 0 0 *

om itted,)
Bow Y o r k ...
B oston ...........
C hicago.........
P h iladelph ia
8 t. L o u is ___
P ittsb u r g .. .
B a ltim o r e ...
8 an F ran’c o .
C in c in n a ti...
K ansas C ity
N ew O rleans
L o u is v ille ...
M inneapolis.
C le v e la n d ...
D e tr o it..........
P rovid en ce..
M ilw au k ee..
O m aha..........
B uttalo..........
C olu m b u s...
9t. P a u l........
H a r tfo r d ....
D en v er..........

October.---------------. ,— J a n u a r y 1 to Oct. 3 1 .— s
18 9 7 . 1896. 1895. 1894. 1897. 18 9 6 . 1895. 1 8 9 4 .
$
$
*
*
$
*
*
*
3,336 2 ,6 1 4 2 ,9 3 4 2 ,2 8 2 2 6 ,7 0 7 2 3 ,5 2 8 2 4 ,3 3 9 1 9 .8 1 0
3 86 4 ,1 8 0 3 ,6 5 2 3,911 3 3 3 7
4 57
403
476
4 27
402 3 .6 4 0 3 ,6 6 2 3.7 8 8 3 ,5 3 7
451
379
36 7
291 2.6 LO 2,6 3 4 2 .9 0 0 2,4 8 9
273
3 05
101 1,110
948 1 ,0 2 7
113
925
123
96
61
677
72
542
62
6 29
61 L
74
65
6 47
58
5 95
•*57
62
575
71
63
6 05
5 59
563
74
67
545
63
434
56
513
541
530
58
55
48
4 12
411
51
46
4 27
394
46
50
41
311
369
336
33
42
63
376
2 35
25
2 63
261
24
27
258
28
3 05
53
39
309
286
24 5
54
53
257
30
24
2 50
2 44
193
29
24
26
267
237
2 44
2 49
25
31
28
223
22 L
21 2
31
27
198
27
26
199
193
20 2
183
20
20
25
21
19
1 96
1 54
202
21
26
17
178
182
180
1 60
19
21
19
1 68
20
145
15
14
19
16
1 50
151
138
19
151
175
22
1 88
146
24
23
104
101
85
10
12
10
98
11
114
114
11
12
13
103
101
9

T o t a l.......... 5,3 4 7
Other o lties,.
286

Ten Months. 1890.
A ver’ae Par Value
Price. or Quantity

BANK CLEARINGS AT LEADING CITIES.

5
.90*
6.2*5
7.1UI
8,079

6.911

7.111

64
.6 1
7.669

4,3 5 2
255

4,976
261

4 ,0 1 7 4 3 ,8 0 3 3 9 ,8 1 4 4 1 ,4 1 8 3 5 ,2 1 6
248 2 ,2 2 7 2 ,1 8 0 2 ,0 5 0 1,9 7 1

5 ,6 3 3
2,2 9 7

4,6 0 7
1,993

5,2 3 7
2,303

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

T o ta l a U ...
O utsid e N .Y .

The volume of transactions in share properties on the N ew
York Stock Exchange each month since January 1 this year
and last year is indicated in the following:
SALES OP STOCKS AT THE NEW YORK STOCK EXCHANGE.
1897.

Jan
S,805,412
2,808.401
Teb .
March. 6,039,910

Par.
1
323.774.750
206,480,100
485.428.750
335,710,350
324,135,850
017,015,100

Oot

8.022.512

779,840,950

86,897

Number
of Shares.

$
203,687,472 4,535.012
171,004,654 6,203,008
325,254,505 4,580,579

Values.
Par.

"

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

*

$

2......................

American Spirits common and preferred, American Sugar
common, American Tobacco common, Atchison common

$
250,445,009
300,289,135
252,405,007

705,440,031 14,825,28r 1,290,841,250

809,200,471

372,055,175
203,7' 2,533
417,371,550

250.309,075
188,033,302
295,680,013

11,228,992 l,053,129,25h

740,082,390

25,554,231 2,349,970,508 1,549,282,861
5,555,931
4.267,81'
4,574,200

527,594,250
412,907,675
431,796,650

354,384,289
268,710,029
274,215,360

14,398.000 1,372,358,475

897,315,077

39.952.281 3,722,328,983 2,446,598,538

622,531.207 4,931,438

456,713,350

312,021,847

The following compilation covers the clearings by months
since January 1.
MONTHLY CIEABINQB.

Clearings, l s t a l All.
1897.

1896.

Clearings Outside New York.
P.Ct.

1897.
$
«
1 1 3 ,6 0 0
6 ,9 0 0 ,0 0 0 6 8 ,9 0 0
3 1 9 January. .. 4,507,014,723 4,027,143,291 —2*0 1,917,607,39L
1 6 1 .4 0 0 1 0 ,4 0 0 ,0 0 0 1 2 9 ,7 0 0
* 3 4 Tobruary
3,091,475,797 4.115.408.188 -10*8 1,040,345.618
9 7 ,0 0 0
5 ,5 0 0 ,0 0 0
8 8 ,1 0 0
315 March .
4,218.209,000 4.146.101.189 +1-7 1,831,159.056
1 0 0 ,9 1 0
6 ,2 0 0 .0 0 0 7 2 ,7 0 0
3 ln
1st qnar.. 12,410,700,120 12,887.772,008 - 3 7 5,395,172,005
1 0 5 ,1 0 0
6 ,2 0 0 ,0 0 0 5 1 ,4 0 0
317
4-4
Tot. w k,.5 .1 6 1 ,7 0 0 3 8 1 ,0 0 0 ,0 0 0 5 7 8 .0 0 0 3 5 ,2 0 0 ,0 0 0 3 9 0 ,3 0 0 1 ,5 9 5 April........... 4,111,001,077 4.302,190,470 —
Wklaatyr 4 ,5 6 6 ,4 0 0 3 1 3 ,5 0 0 ,0 0 0 6 0 9 .1 0 0 2 1 ,7 0 0 ,0 0 0 3 8 7 ,6 0 0 1,614 May........... 4,173,401.642 4,240,261,974 -1*0 1,858,304,236
Jane........... 4,407,702,601 4,305,283.347 +3*8 1,900.215,893
N ov. 1 . , 9 6 2 ,8 0 0 6 9 ,7 0 0 ,0 0 0 1 1 2 ,1 0 0
7 ,2 0 0 ,0 0 0 8 0 ,5 0 0
*0 •
>
..H O L I D A Y ................................
8d qnar... 12,752,'-25,220 12.847,741,797 -0*7 6,826,351,447
" 3.
54 3 ,7 0 0 3 9 ,9 0 0 ,0 0 0
6 6 ,3 0 0
4 ,5 0 0 ,0 0 0 3 6 ,1 0 0
28”
6 months. 25,109,585,340 25,735,514,405 -2*2 11,021,520,51*2
"
4 ..1 ,1 3 4 .8 0 0 9 1 ,5 0 0 ,0 0 0 1 3 3 ,5 0 0
9 .9 0 0 ,0 0 0 1 6 2 .3 0 0
327
"
5 ..1 ,1 5 1 ,9 0 0 8 8 .3 0 0 ,0 0 0 1 3 3 ,6 0 0
8 ,6 0 0 ,0 0 0 9 2 ,7 0 0
333 July .......... 4,811,948,050 4,370,990,444
+9*9 1,978,029,154
August. ... 4,843,630,0 6 8,562,582,134 +30 0 1.900,779,125
Tot. «rk..3.793 , 2 0 0 2 8 9 ,4 0 0 ,0 0 0 4 1 6 ,0 0 0 3 0 ,2 0 0 ,0 0 0 3 7 1 ,6 0 0 1 , 2 5 1
September. 5,571,098.340 3,712,583,059 +50*1 2,119,369,290
W kla*tyr4,996,9 0 0 2 9 6 .9 0 0 ,0 0 0 7 0 1 .9 0 0 3 4 ,3 0 0 ,0 0 0 4 8 2 .3 0 0 i . 3 7 9
8d qnar... 15,227,282,475 11,062,105.237 +30*7 6,004,177,575
The stocks cleared now are American Cotton Oil common*
1897—
Oot 2 5 . .1 ,1 8 1 ,9 0 0
" 2 8 .. 1.37 4 .3 0 0
" 2 7 , 81 8 ,6 0 0
" 2 8 .. 8 9 9 ,4 0 0
** 2 9 .. 8 9 1 .5 0 0

Actual.

$
417,301,550
492,613,700
380,920,000

229,070,327 4,058,613
227,037,329 2,799,013
432,502.258 4,370,705

2d qr. 13,347,908 1,277,467,300 S88,610,414
• mos.. 24,556,01'7 2,353,100,900 1.594,003,045
July.... 0,896,074 053,123,800 453,958,385
August 11,435,248 1.085.902.050 653,315,855
Bept.... 13,142,100 1.204.451.050 798,890,024
Sd qr. 31,473.482 3,003,477,500 1.914,104,604
0 mos. 50,030,179 5.350,578,400 3,508.237,909

7,44 9
6,91 6

•
-------- Balaneee, one side______ _ Sheets
8hares. Value Shares. Cash. Clear sd

Actual.

lstq r 11,208,729 1,075,033,000
April... 3,509.007
M ay... 3,342,035
June... 0,436,920

1890.

Valuet.

Month. Number
of Shares

$

1890.

P . Ot

i

2,064,729,583 -7*1
1,742,470,558 -5*5
1,829,904,536 +0*1
5,030,110,670 —4 3
1,909,741,151 —2*5
1,900,170,181 —2*2
1,890,999,608 +0 8
5,699,810,940 -1*3
11,335,921,01 -2*8
H
1,896,009,751 +4*3
1.591.420,030 + 1 9 8
1,649,519,400 +28*5.

5.137,579.250 +10-9
9 months 40.390,807.816 37,387,079,702 +8*0 17,025.704,087 10,473,500,900 +3A
October
5.032. *75.025 4.000,033.180 -*-22*1 2,286.814.664 1,992,816,009 +16*2

THE CHRONICLE.

N ovember 6, 1807, J

853

D E B T S T A TEM E N T OCTOBER SI, 1897.
IM PO RTS AN D E X P O R T S OF GOLD AND
S IL V E R A T S A N FRANOISOO.
The following statement of the public debt of the
T h e C o lle c to r o f C u sto m s a t S a n F r a n c is c o h a s f u r n is h e d
United States on October 31 1897 is made up from
official figures issued on that day. Lower down we n s t h i s w e e k t h e d e t a ils o f im p o r ts a n d e x p o r ts o f g o ld a n d
giye an interesting exhibit of the bonds issued in aid s ilv e r t h r o u g h th a t p o r t f o r t h e m o n t h o f S e p te m b e r , a n d
t h e y a re p r e s e n te d b e lo w , t o g e th e r w i t h t h e fig u r e s f o r t h e
of the Pacific Riilroada, and the Treasury cash hold­ p r e c e d in g m o n th s , t h n s c o m p le tin g t h e r e s u lts fo r t h e n in e
ings, all of the eame date.
m o n th s o f t h e c a le n d a r y e a r 1897. T h e im p o r ts o f g o ld w e r e
IN TER EST-B EA R IN G
T U U o fL a a iP -

D EBT O C T O B E R 81. 1897.

Am ount

Interest

payable.

, ---------- A m o u n t n u tsta n d in g .— -------JBeyisUred.
C&ujKm,
lo ta h
m m m

I

te.F u n ded lo a n , J m . * a - J ,4a» Reftutdh?
J

W k jm jm -

$>
*

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

&KMAMQ

..... .

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

. 5.304,500
2
550,041,300

ii,3d0

38.017*550 1 00.000,000
57,l^?,C50 ;02.315.400
‘
“
""
~
104.-1: o jo q 8*7 .305,500

6 *»L oa n o t w u
. ....q .- r.
m jm jm
ia . L o a n o f 1935........ 193,3 iS^TO F 5 J S 7 J S 0
T ota l, ex clu d in g Pan. —
"
'
a a B o n d s . . . . . . . . . . . . . . . v j 9X 22 o.b : o

o t bo n d s are m fottow m . T w o per e e a te fregistered
oaly>, ISO, ftTO. *500, f tjDQO, 15.000. «t*>.0TO. $30,000. $50,000? in o f ifeOT, regis­
tered. $50, $ l TO. t-STO,
P ,W .t, IEJ.omO, $£*>,TO-0, #SO,UM). ©napoo, #50, #100,
$560, $ !_ * » '; ?». refu n d in g ©fettlSoate*. $!*>•. 5* o f !;* h . r e g is t e m i. $50,$100,
#$,000,
©ittM O. t^o, H « , # 'U »w ; 4f o f 1825 r e g iste r e d . f-oO, #100,1500,
$L0OO. $5,000.110,000. c o u p o n * $ t f l 0 . #5-*', #5,QU ­
O

D S BT ON W H ICH IN T ER EST HAS CEASED SINCE .MATURITY.
September id.
Octobersl.
Funded L o u o f 1801. m atu red S®pt«a»*H»r 3, ISO!.. $U>d,<80 0
$15©.**•« 0©

O M d e b t m atured p rior atad f a b * e o u « t t a J * o . l , MI. 1,183.820*5

i , 80,800 30

Debt on which interest ha* oeaoed— ............ * ....$ 1 .3 * 1 .1 7 0 30
DEBT BEARING N O IN T E R E S T .

#1,381,540 25

......... -.......................... ...................$ 3 4 0 ,0 8 1 ,0 1 0
gutted State# ootewu**

J

i d

e

m

a

n

oo
.............. ............................................ .

d

ffatioeaf B o o k a o te t—R e4«m pti#tim e m o * .................. .

F raction *!e«s rm tiey-

trim- am o u n t

......... .

.

.

m im t o r d e» troy e d ..........

.

.

54.34.7 50

.......

.

.

<0A 0,534 so

Ik

8^373,1*14. 00

------- — —-------

« ,S 8 7 ,f0 8 U
14

A g g r e g a te o f d e b t b e a r t a g n o i n t e r e s t . . «»*,»>**„..
R E C A P IT U L A T IO N

to.
SepHmb** 8
1897.
«
M7.305.54O 00
1.3SI.S70 2*5
3T*,di 5,390 1*

Octotor $1.
1807.

€hu»itle#item o f Debt

S47.3M
5.5dO 00
l.**IA40 m
u

Interest-betuetsw d e b t - ....
D e b t .I n t e r e s t e m s e d . . . . .

D ebt bearing E *inter*#*..
M

De&rmst,

T o ta l net debt____ . . . ,.i ,W ,M - i 55? 00 1.01l,12t,71S >3

lncJ.4-tl.877 76

M 80.687 70

T h e f o r e g o in g flg n re# s h o w a g r o s s d e b t o n O c to b e r 81
1897 (I n t e r e s t - b e a r in g a n d n o n I n t e r e s t- b e a r in g ) o f $1,928,330,690 40 a n d a n e t d e b t (g r o ss d e b t le s s n e t c a s h in t b e
T r e a su r y ) o f H ,b2O .SM ,S90 89,
P a o iflo R a ilr o a d b o n d s a r e n e v e r in c lu d e d in t h e o ffic ia l
total o f t h e G o v e r n m e n t d e b t. T h e s t a t u s o f t h e s e o b lig a tio n s
t o -d a y is a s b e lo w . M e th o d s o f b o o k -k e e p in g m a k e t h e o f ­
fic ia l reco rd u n in t e llig ib le t o m o s t re a d e r s, a n d h e n o e w e
h a v e b r o u g h t t o g e th e r in o u r c o m p ila t io n t h e le a d in g fa c te
r e la t in g t o t h e s u b j e c t .
BO N D S IS S U E D

- .

.
- fn n u

of Railway.

IN

A ID

OF

r—&an*l» imwd and—.
mewmuMtM int.
P r in c ip a l,,
I n te r m i,
$
|

O ratral p «otflo....a M ^ .U M >
fUfiMk* P a c ifle .... Q & K jm

P A C IF IC

0,074,000

z jM jm

1380,600
&10U.OO0
L28O.00O
320,000

81.S8B.See

30.n4.060

U Paring....I7WU 30J*> 3
nion
.1S
2,im.W*

O tu C B r. U . P ........ IJ*H).O00

W e ste r n P a ,m o ... i s m j m

S\QUX City A P a n ., l » , 3*0

Total............... 9 t m m

K A ! CKO AD S.

.— &sm&$ p-afci, e r d o t4 o f m a tu r ity .—
D u e Jan .
D m J an,
A i r ta d p
1,1808,
paid,
1.18S8.

35*«»#J3a

3,567,104

MONTHS.
O oin.

BulM oh

10,014,120
1.423.1300
15.010.513
326,000

tjm jii6
«i.0OI.0as

»,107.90*
3.16?.ix>*
l.«0.M6
X4.004.*'o

T h e c a s h h o ld in g s o f t h e G o v e r n m e n t a s t h e it e m s sto o d
O c to b e r 81 w e t a k e fr o m t h e T r e a su r y s t a t e m e n t o f t h a
d a te . T h e n e t c a s h b a la n c e g iv e n b e lo w is t h e s a m e a s d e ­
d u c te d a b o v e i n r e a c h in g t h e n e t d e b t.
CASH IN THE TKBASCitr.
GoMI-Crrtn.............................
tlSS.tl7.J3l 81
Bar* .....................
W,*».S24 M- •tM.S&IJMM
$flT#r— h d l a m . . . . . . . , , . 302.517,014 00
t
Subsidiary e a r n ...,.,,....,....................... .
11,081,0 8 00
Bam ............ ................ .............. ..................... 10I.M
A3.8AI 65- 500,351,943 66
I;isR-«d State# note*.......... ...............
S7.H.018 00
f t m m t t f aa t m o f iSQO...........
7,553,325 00
Gold oerttfloiaeA...................
u fM ,(m oo
e«rt»fleal«i— . . . . . .......................... 1 1 J 3 1.586 fm
C®nmenlm of tfipoiiit (Act June S, 1872).........
340.000 00
National bank n o im ......... ....................
4.W8.012 i i - 113.441,000 44
Other—Bon-;!*, interest and coupons paid, awaitla*r r e tia b a m e m e n t................... .................
169.8>6 TO
Mmo?
and fm etlm nl currency... .... .....
1.220.674 m
isi naUl bank depositaries—s?en’I acct... 13,107.853 M
Disbursing ^ffloers hatenees.
....... .
*,061,702- 62- 18,489,766 86

DEM AND

L IA B IL IT IE S .

MONTHS.

Certificates of deprwitact Ju n e 8 ,1872...............

4-,625,0o0 T
O

T t e a # n r j n o t e s o f 1896,
................. .
109.* >
3,280 CO $#80,456,953 00
F u n d f o r r e d e r a p , o f * n e u r r e n t n a U l b a n k n o te #
8 ,9 9 V I d 53
Q n m r n if fl a g c h e c k s a a d d r a f t # . . . . . . . . . . . . . . . . ...
3 ./8 0 ,5 d i 4i
D ls b o r s ln * o f fic e r s ’ b a la n c e a ...............
26,801.< > 6 40
h m t m f a c c o m il# , A c . ..................... ..................... . . .
4 , -170.208 15 43.466,904 49
D o Id r e s e r v e ................... ................... tlTO.0TO.OO0 00
nA, , . llM lf l, 1
N e t c a s h b a l a n c e . . , , . ................... .
107.768,900 7 t . , ........ ...................... 207,760,099 71

N e t m s b b a la n c e i n ffee T r e a s u r y S e p t e m b e r SO, 1 8 9 7 .,..,
N e t c a s h b a la n c e In & e T r e a s u r y O c to b e r $ 1 . 1 9 9 7 .........
d w r ln * t h e m o n t h , . ,

Total.
*
2 3 6 ,0 4 4
1 12,223
5 3 6 ,9 0 6
106.178
2 0 7 ,4 7 1
14 0 ,3 4 3
20 1 ,3 0 5
I 9 - .6 9 2
11 6 ,2 2 2

225,161
108,741
133,377
7 7 ,527
1 7 4 ,0 1 )
103,513
179,971
132,932
81,157

3 2 5 .4 9 0 1,21 9 .8 9 4 1 .5 4 5 ,3 8 4

1897.
Ja n u a ry .
F ebruary..
M a ri* ___

OOLD.
Coin,

SILVER.

BuW n

Total.
$
105,252
2,910
7.870
51,490
5.015
106,651
8,175
108,355
13,ISO

fig £ ::::r
J u n e __. . .
I n ly ..........
tnEUBt___
Septcm b’r.

io o
390

T ot 9 mo#.

107,616

1.285

675
100

FAILURE'S

Coin.

B ullion.

Total.

$
512,510
542,910
587,300
372,611
608,100
467,940
405,030
325,188
383,500

$
711,030
934,848
695,916
431,656
644,820
768,227
870,726
968,659
1,226,930

408,881 3,010,786 4,208,052

•.

105.252
2,940
6,995
51,390
5,015
106,551
8,175
108,256
13,040

7,248,818

198,490
391,938
108,610
49,012
36,720
300,387
471,880
643,171
8-10,13-

B Y BRANCHES OF TRADE.

W e ta k e from D u n ’s R e v ie w t h e f o llo w in g s t a t e m e n t
s h o w in g t h e f a ilu r e s in t h e U n it e d S t a t e s b y b r a n c h e s o f
tr a d e fo r t h e m o n t h o f O c to b e r i n e a c h o f t h e la s t t h r e e
je a r s.
FAILURES BT BRANCHES OF BUSINESS.
M o n th o j O c to b e r.

M a n u fa c tu r e r ,

1897,
N o.

Iron, fotindrie* and millf.
M achinery an d t o o t* . . . . . . .
W ooI'na,e*rp,t*Akn u good*
C otton s, lacoand lio a te r?*
T m b ‘r, car p ‘ » t ' r# A eoop lr»
aj
C lothing find m illin e ry .....
flat#., Kioto * and fa t e . . . . .
Cbera teal#, drug? A paints.
P rintin g and e n g r a v in g .,..
Milli hk and ba k e r»............
Leather, sh oes A harness
Liquors an d tobacco... —
Glass, earthenware A brick
Ail other . ..... ........
Total manufacturing...
T rader*.

General store# .......
Groceries, meats and fish .
Hotels and restaurants ...
Liquors and tobacco......
Clothing and furnishing...
Dry goods and carnets. ...
Shoes, rubber# and trunks.
Furniture and crockery...
Hardware, stoves & tools.
Drugs and paints.
Jewelry and clocks.......... .
Books and papers. .........

4
.
i$
i
i
S3

21
4
0
13
11
9
7

2&.000

Brokers an d transporters.
Total oouraierclftl.

N o.

L ia b ilitie s .

9

443.500
142,011
090,015

189
97

590,153
355.012
126,112

457,950
i t4fe4,993
262,769
60,076

g

SOB
209*000
567,483

7
0
8

2
2

L ia b ilitie s .

8

16

8
2
28
1
15
16
1
1
3
27

£&

2,878,642

8

No.

3

«
364,350
31.500
94.TO0
155,100
80.88O
82,fc0

5C

U8
31
80
53
47

1895.

1898.

L ia b ilitie s .

83
T otal t r a d in g ... .. ...

„ $38,348,180 TO
m i i7 c .5 0 k ( 0

B u llio n

8
10,879
3,182
3,029
28,651
33,460
3 0 ,-3 0
81,331
05,76(
6 2 ,006

E X PO R T # O F GO LD AND SILVER, FROM BAN FRANCISCO.

$831,669,957 20
0 o l d o e r t m e a t e s . ............... ....................................... .
g l t e e r c e r t i f i c a t e s . . . . . . . .......................

O oin.

T otal.

1897
$
$
$
1 3 ,712
J a n u a ry ,.
7,980 3 5 ,7 3 2
F e b ru a ry ..
1 ,0 9 - 5 7 ,7 9 0
58.891
31,231 91.951
M a r e h ___
123,1 : !
6.901 8 8 ,789
A p ril..........
9 2 ,889
2,131. 12,21M a y ........14,882
J u n e ..........
l . t 39 7 2 ,408
7 9 ,4 1 2
8.8 8 0 7 8 ,281
J u l y ..........
80,911
A a p n s t... 2,193,986 (11,291 2,25 6 ,2 1 0
rteplt-m b’r. 9,293,091 33 7 ,5 5 5 8,63 0 ,0 1 6

I
Inc.$:o oo

D sJMOC
w B 0

I q c .1,O08,2» O 00

Inc. LOfM^OOO

©

IM PO U X 8 O F O O LD AND S IL V E R A T SA S FR A N C ISCO .

T o t 9 m oe. 9.539,11! 801,017 6 ,1 0 3 ,4 3 0
In c r e a s e o r

V«00 *0 U l f M M I 40
f
71
it

T o ta l g r o m d e b t ... . . . . .
Cash b a la n ce in T r e a s u r y ,. f

v e r y h e a v y in S e p te m b e r , t h e a m o u n t r e c e iv e d r e a c h in g
18,630,648, o f w h ic h 83,293,091 w a s i n o o in m o s t ly c o m in g
fr o m A u s t r a lia , a n d o f s ilv e r th e r e c a m e in $146,233, o f w h ic h
$84,157 w a s b u llio n . T h e r e h a s b e e n r e c e iv e d d u r in g th e n in e
m o n t h s a t o ta l o f 86,408,438 g o ld an d §1,5-15,384 silv e r , w h ic h
c o m p a r e s w i t h §3,802,568 g o ld a n d $1,480,841 s ilv e r in 1898.
T h e s h ip m e n ts o f g o ld d u r in g S e p te m b e r w e r e §13,430, a l­
m o s t a ll c o in , a n d t h e e x p o r ts o f s ilv e r h a v e b e e n $840,436
c o in a n d §386,500 b u llio n . F o r t h e n in e m o n th s t h e e x p o r ts
o f g o ld h a v e b e e n j4 0 s ,881, a g a in s t §858,498 i n 1896 a n d §7,2 4 8 ,Si 8 s ilv e r h a s b e e n s e n t o u t, a g a in s t §6,445,486 in 1896.
T h e e x h ib it fo r S e p te m b e r an d t h e n in e m o n th s i s a s f o llo w s :

homo

4,944,357'
1,754,552

?3

8,901,941

6,938.394

109
22
0
89
76

81
77

65

If

18
14

m

6

1,031,454
691,201
274,286
345.730
1,074,360
1.011,831
379,636
349,574
484,710
151.799
150.010
94,076
74,500

922,088

1,487,022

1
1
52
45
8
14

f i t f

47

112
18

11,880,266

1.401,725
023,003
38H.155
681,549

72
90
62

01
2

079
28

0,677,751 1,254

150

19 i
25

892.705743,186

12\1€0
147,C

m !

1,17 6,2SS
204,021

16,386,750

NdTK. lron, woolens and cottons include all the branches ot unose manu­
facture*: machinery Includes implements and tools; lumber includes saw,
planing, sash and door mills, caroeniers and coopers; clothing Includes millinery
and furnishings; hats Include furs and gloves; chemicals include drugs, fertili­
sers. paint* and oils; printing and books include engraving and maps; milling
Include# baking; leather and shoes include makers of harness, saddlery, trunks
and rubber goods; liquors include tobacco, wines, brewers and beer: glass in­
cludes earthenware, pottery, brick, lime and cement; groceries include meats
............... $831,089,967 20
and fish; hotels include restaurants; drygoods include carpets and curtains;
............ $215,192,787 47 furniture Includes crockery; hardware Includes stores and tools; and jewelry
includes clocks and watches. Brokers include all real estate, note, insurance
207,766,099 71
or produce dealers whose main business is not the handling of actual products,
w ith mortgage and other loan concerns, and transporters include all except in­
$7,436,887 76 corporated railway companies

THE CHRONICLE

854

fVoL. LXV

U l o a e m r b g® o m ru e r e t a l ^ a f lU s a Df-c u»» Everybody is now expecting a 4 percent Bank rate. There­
(P rom o u r ow n co rresp o n d en t.]

fore, it is anticipated that several financial houses will sell
securities to provide themselves with the means of lending
and discounting at high rates. In the American markets
investors are doing nothing; indeed, investors are buying
very little of any kind of securities; apparently, they are
now looking for lower prices before the end of the year
On the other hand investors are not selling American
securities to any considerable extent The speculative pur­
chasing is also smaller than it was, Speculation in American
securities is largely confined to members of the Stock E x­
change and professional operators, and they follow, to a
large extent, the lead of New York.
In the South African Department ther-e has been a fall
consequent upon the report of the R aid Committee, and the
disposition of the public just now appears to be to desert the
market. Even the Western Australian m irket is decidedly
more quiet than it was. The general impression appears to
b; that the'set-back is only temporary; at all events, several
important houses that have kept aloof from the market
hitherto have now interested themselves in it, and it is
understood that they are prepared to give more banking ac­
commodation than heretofore.
The Bank of England is exerting itself actively to make
the 3 per cent effective by borrowing in the open market,
and it has succeeded so far that the rate of discount for
three months bills is now about 2% per cent, and seems to
be moving upwards. But the brokers employed by the
Bank have not been as successful as they usually are. The
truth appears to be that the joint-stock banks do not hold
very large supplies, but that the houses that accept for
foreign customers have exceptionally large amounts. These
amounts, however, they are unwilling to part with for any
length of time because they do not know how soon they
may be drawn upon. They are willing, therefore, to lend
out the money from day to day or even for a few days, but
not for a month or »o. The market, therefore, presents this
curious spectacle tnat very short loans are in abundant supply
at very low rates, while long loans are scarce and dear, and
the discount rate is gradually moving up to the level of
the Bank rate.
The general impression is that before long there w ill be
another advance in the Bank rate. The German money mar­
ket is tight. The demand for gold in th" open market in
London is so great that all arrivals are bought up for foreign
countries, and there is a steady, though for this week a small
drain upon the Bank of England. It is not thought that
either Russia or Austria or Japan will take gold to any con­
siderable extent directly from the Bank, but that gold w ill
have to go to Germany seems probable. That a considerable
amount may betaken for New York is also thought highly
likely, and that some of the metal will have to be sent to
India is the impression of those who are in the best position
to judge. It seems certain now that the India Council will
not be able to resume the sale of its drafts until the new year.
When, therefore, the export season becomes active, it is diffi­
cult to see how the trade can be financed without the ship­
ment of gold.
The silver market is rather tending upward just now.
The "Railway News” of L ndon reports the traffic receipts
for the week ending 0 ‘c 17 of 54 railways of the United
.
^ '“Sdom which make weekly returns at £1,728,998, against
•
JSo 1DT^r c°rre8.Ponding week of last year, an increase
of L7o,yoo. r or the sixteen weeks of the current half-year
receipts were £29,646,866, an increase of £947,910.
The o
following return shows ___ position of the « Bank >
the i
of
n.T fr IQt n r.nn ko r*lr
i

LONDON. S a t u r d a y , Oct. 23, 1897,
Tue first three weeks of October have passed, and yet there
is no sign of that revival of business on the Stock Exchange
which was expected as soon as the holiday season ended.
This is mainly due to the fear of dear money, but many other
causes have combined. The long-continued struggle between
the employers and the employed in the engineering trade is
one of the first of these. Everybody feared that the struggle
w o u ll affect the general trade of the country, but as yet, at
all events, the home tTade has not suffered to any appreciable
extent; indeed, it maybe said that the home trade has seldom
been more prosperous. The foreign trade is somewhat
checked, but in spite of that it is remarkable that the rate o'
wages is well maintained, and outside of the engineering
trade there is very little complaint of want of employment.
Another unfavorable influence is the threatened strike in
Lancashire. The cotton trade in that county has suffered
from the distress in India and th i dislocation of the Chinese
trade caused by the extraordinary fall in silver. The fall led
a great many native merchants to repudiate the orders they
had given befo e the fall began, and now that recovery is
setting in the honest merchants that took up and paid for
their orders are complaining that they are suffering from the
competition of the dishonest merchants who first repudiated
their contracts aud then bought when exchange was at the
lowest. The Lancashire employers are asking for a reduc
tion of wages. The employed offer to agree to short time.
W hat the result will be is uncertain as yet.
Then great disappointment has been caused this week by
the report of the Committee of the Transvaal Volksraad, to
which the report of the Industrial Commission was referred.
The committee recommends very much smaller concessions
th in the commission advised, and the industry is greatly disaatisfiei. The fall text of the report has not reached this
country, and it is impossible, therefore, to ascertain what the
concessions recomm 'tided amount to, but the general impr s
sion seems to be that they will range from sixpence to a shil­
ling per ton of ore crushed, which would be utterly insuf
ficient.
In India the frontier fighting is not yet over, though it is
hoped that a very few weeks will bring it to an end. The
autumn crops in India have all been good and the growing
crops promise well. Very favorable accounts are received
respecting the rice crop, and the preparations for wheat are
very forward and very favorable. The cotton crop, too, looks
well.
In Australia, oa the other hand, there is, unfortunately re­
newed fear of drought. Enough rain has fallen to secure the
wheat crop, which is reported to be in excellent conditi m,
but the spring rains have been very deficient and conse­
quently the moisture has not penetrated very deep, aud it is
feared that the grass will perish when the heat sets in aud
that the weakened sheep will die in large numbers. A very
small wool clip is ther fore anticipated,
N ) progress is yet made in a settlement with either Cuba
or the Philippines. On the other hand reinforcements are
being sent out, and as the finances of Spain are already in a
desperate state, the fears of an utter break-down increase.
Naturally, this is weighing heavily upon t P aris Bourse,
last three years:
1897.
1896
which is interested to so great an extent in Spanish secur­
1895.
1894.
Oct. 20.
Oct. 21.
Oct. 23.
ities.
Oct. 24.
£
£
£
£
The peace negotiations between Greece and Turkey are not Jirculatlon
27,510.015 20,979,620 20,103,565 25,430.18*
7,313,12 L 5,334.369
yet at an end, and nobody knows whether it will be possible Public deposit*..
4,816,743
5,399 244
36,315,26 3 45.800,720 50,872,490 39,059,672
to get the Turks out of Thessaly at an early date. In Crete
U ,058,720 14,002,380 18,430,525 15,311.589
there is utter anarchy, and there are fears of further troubles Other secu rities......... ................. 20.208.029 28,397.251 25,500,403 18,770,846
21,145,654 25,919,558 32,221.593 23,121.087
with the Sultan. All over the Balkan States there is unrest fteserre o f notes and coin..
ColnA bullion,both departm’ts 51,855,609
and there is much uncertainty as to the relations of the Great Prop.reserve to liabilities.. p. c. 48 5-16 30,099,178 41.525,153 30,751,80 7
50 9-10
58 :-!0
03 1 10
Powers. That they are all intent upon maintaining peace 4ank rate ................... per cent.
3
*4
2
2
Consols, 2H per oent .
111-}*
108
107 5-10
101**
for the present is universally agreed, but that a change in the hirer ........ ..
2?%d.
3014 \
30J$i.
29V*d.
grouping is going on can hardly be doubted, and what may He 'nnu-House returns .
176.29*7,000 167,59 2,000 103,323.0 )0 97,887 00 0
* October 22.
happen in the early future is agitating men’s minds. In Italy
the movement seems to be growing in favor of withdrawing
Messrs. Pixlev & Abell write as follows under date of
from the Triple Alliance.
Oct. 21 :
The final result of all this upon the Stock Exchange is an
G old —The B an k h as so ld £ 3 0 9 ,0 0 0 . G erm any took £ 1 5 0 0 0 0 so
0
9.
coin The
K e s oh
unwillingness to engage in new risks. The Continental e reigan s, andu £ 1 3 9 ,0 0 e U .an kg oldllin g . price. op en m a rk et ou th i A fric
a fr ctio n n d er th B
se
A rrivals- S
bourses are exc-edingly quiet, and therefore international h ay, i80°,; 00U8tralta’ £ 6 l ’° 00; B o 'n ’,a y ' * 6 0 ,0 0 0 . S h ip m en ts: Bon
0
stocks are neglected. The higher classes of home securities are
S .aI? el rem ain s v e r y sh o rt of s ilv e r read y for.im m edial
steady, but they a e more likely to decline than to advance. te ll v e r y , au d a d v a n ta g e lias b een ta k e n o f th is to raise forw ard ratei
la r g e sp e c u la tiv e p u rch a ses h a v e b een m ade for D ecem b er, b u t tl

THE CHRONICLE.

N ovember 6, 1897.J

to n e a t c lo sin g to -d a y Is r a t h e r w e a k e r. A r r iv a ls : S o w Y o rk . £ 1 9 2 ,0 0 0 ;
C hili, i 13,000. S h ip m e n ts : B o m b a y , £ !3 3 ,0 0 0 ,
M e x ic a n D e lla s —T h e r e h a s b e e n a l a r g e b u s in e s s I n th e s e c o in to r
N o v e m b e r s h ip m e n t A r r iv a ls : N e w Y o rk , £ 3 ,0 0 0 , S h ip m e n ts : P e n a n g ,
* 2 1 ,0 0 0 ; H o n g k o n g , * 3 ,0 0 0 .

The quotations for bullion are reported
G old.
L o n d o n S ta n d a r d .

Oct.
14.

OeL
21.

1.
B a r g o ld , fin e -----o t. 7 7
B a r go ld , jm r d n g .o t. 78
S p a n is h , o ld ......... *>* 7*i
N e w ............ ........ o t. 7 6
0 . 8 . g o ld c o in ...o z .i7 6
G erm vn g o ld o o ln ,o z .;7 6
F r e n c h g o ld o o ln .o s .'7 6

d.
11 %
0*4
0 ‘s
1%
S ’*
3%
3%

J

as

fallows:

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

Oct.
21.

d.
1 . d.
s
7 7 11 *4 B a r s ilv e r, f ln e ...o z .i2 7 1
7 7 1 1 V B a r s ilv e r , c o n ta ln -g
7 6 0 ‘s
do 5 g rs . g o ld . 02. 3 ' %
7 6 1%< d o 4 g ra . g o ld .0 *, 277,*
d o 3 g r s , g o ld .o i. 27%
7 6 5 is,
7 6 3% ' C a k e s i l v e r ........... oz. 29%
7 6 3%t M e x ic a n d o lla rs.o * .;2 B %

Oet.
14.
A
26%

Saak

a

m u.

G o v e r n m e n t R e v e n u e a n d E x p e n d i t u r e s . — Through t h e
courtesy of the Secretary of the Treasury, we are enabled t o
place before our readers to-day the details of Government
receipts and disbursements for the month of October. From
previous returns we obtain the figures for previous months,
a n d in that manner complete the statement for the ten
moDtbs of the calendar years 1897 and 1896.

Trade Bill*.

DUc'l &'*

Joint
i
StOCk At 7 :e i«
Three ! Four j S ts
Tour
S ix
« Th ret
as Moniht] Month, Month! M onth, Meuriuj Month. Bank*. Call Day
X
\
>k
s*?pt. n Slj 9-2 l-l« i* < -5 -ts «**■»*
SH
»
1
l
♦
«M I s *
Oet. 1 2%
««
**
°H
l
I
«
* $ 2%
ZH 1 2*4
2H t m 2 4 : » * :m - t *
l>4
* 13' 3
*
t% f 3
p m u
m
: m
m% h
1H
IH |
1*
* 2$ 3 m * m * H » * f *
*
m
- a
* t 15-16*2.

1807.

tom*.

U5.

€kt

s.

Bank

B a le .
%

P s rU ..,
S e r U a ................
H a m b u rg
f m o iis r t,

O p en

B ank

O pen

Bank

10 m
o8

H a t,

M arket

H a t* .

M arket

R a te.

M arket

m

$

>4

s

$

$

tH

n

*
<
5
t
A

%

f

9

%

■ *

m

4
ft
$
#

m

4

%

2

i

‘H

&

4

&

m

i
4
4

.*44

«
8
$

&

t
&

**

*
i
4

m

i

m

Hi
514

’ H
2

$

e

4
S

t

b

%~

O r d i- j

+»oU .

O e t........

11206 W m
10,95 ij
11,352
12.157
12,3i>
11374
11,100

(0 0 0 8

11,5513,85
14.308
11,9‘1
11,0713,868

P eag itm s .

*
12.0^1
12.030
U .S hv
1 5 .-0 7

t

.

.v. a t ,

lR •
te rm

RaVv.
■F u n d

t

t

10,54.2 6 / r * 1 885
13.20s 2.058 1 / 0 4
12,107
457; 1,170
10.704 5,6*2
914
t$ *U i
12,3 * 3 .0 7 1 1,735
It
1.32*
1 2 /5 1 10,03*
a* 4' 2 14,058 e « s ! i.o o t
16.S0W 13,7-3 % j m \
13,080 10,902
a a til
8 *2
17,605 1 0 ^ 8 5 5.2 th-561

P en

nary

«
31,156
29.904
a s.a so !
3i.08T |
80^18
*4,25«'
61.191'
3 4 ,5 :0
20.261
34 206

T o ta l.

$

2,391
1,346

31^75

2,083
2.144

433
992
34 *
17*
23
1.314
370

24,729

n et

27,951
20,382

24,879
3.090 2 9 ,1 0 8
2 .5 6 '1 29,399
1.271 25,585
1,531 21050
1,814 2 6 ,3 7 2

28
6*
m

4.041 17,990 3 8 8 / 2 0

1896.
O r d i-

T o m .

* ~*r

o m itte d .)

j

xm n.

M a rc h A p r i l...
M a y ....
la n e .
• m y ..

I ~ r
17.375 11,176
13.90 1 10.80 ‘
13,34 1 11,530

l49/2<« i m M i l t T J f S 1-.154 312.199]:i-3 5 ,l6 u |l2 0 ,9 g ^
DISB U RSEM EN TS

O ver,

m

3
i
«
5
A

&

Bank

~T

20
.2 2

O ct. 1 .

t
4

t

F t# s a il ...
S t. P«t4»r«f>!5Ttf.
M ikdrUI.

M arket

5
f

L m M im d u m ...

O p en

t

11.09 10.625 3,000 2,71 27,441
11,587] lo^ssj 3.201 2,150 27,820;
March. 22.83 «i £t£2* 1,748 1,458 37,966
AprlL.. 04,5** 11/1 1.242 1.9* 39,260
2,239 31999
May.... lSygav 10,873!
1323 2.187 37.907
Jnn& 21,58 1
.
18.987 10.7* 8 771 2.850 39 Sort
Inly„
813 20,419
11,103 1395
402..
v m 13,049 1,312 1585 23,6<S0|
I
9,713 13,81A 1572 1,083 25,968]
O c t. . . .

I n n ...

In te r e st a t

0 t« - ln u r f J J ; Misc’l
t&nu. Rev’u Fund. tfrces

Fra |

Rev'v j Fund

I

1 total.

F a b ..

nary,
( M i. M ,

1896.

Rfd,p
CM lnur NVJft. MUc
*-

The Sank rata of discount and open market rates at the
chief Continental oitie* have been as follows:
H o te l o t

(0 0 0 s o m i tte d ) .

r e c e ip t s

Jab.. .
I n u r u t aitoicid
for devotit! 6p

Open Mar k it gates.

*

Commercial atifl Dfctscellameoits jlettrg

27%
2 7 l„
267g
28%
26

The rates for money have been as follows :

815

a io n *

•
15.423
12.1f*4
14.89 i
13,780
12,8€>3
1 3 ,0 '7
£2,277
20,888
14,071
19.599

8.907
13.8111,710
10,07
12 ,8 'U
11,30
18,10*
iu .a n n
11,4 O
10.1
‘4*1

$

N .B h I n * E « i ’p*
l o t a l.
term . F und.

1
6.9*5
2.268
072
5,141
2.82 •
458
0,710
2,938
483
5,033

*
1,11*
1,103
9*2
0 -4
1,116
1,118
783
4W
2
45«*
161

»
3 3 ,4 9 4
2 7 ,8 5 2
2 8 ,1 8 6
29,683
29,542
2 0,604
4 2 ,8 7 1
30 184
2 7 .0 3 0
M .i 3 0

i

to

m m *

I&

. *89

110.719 3 A 187; l r .640 823.806 ISS.SiU 118 505 33

i

48 8.228 3 1 5,845

Coinage by United S t a t e s M i n t s . — The following state­
u
&
$
by
shows
The following shows the imports of cereal produce into ment, kindly furnuhed us the the Director of the Mini, month
the coinage at
of
United
the United Kingdom during the first seven weeks of tlu new of October andthe mintsten months of States during the
for the
1897.
m o tn .
October.
Ten 3 Io n th t 1 8 9 7 .

0 0 fa m a h m » * m

1097.

trapon* •f wbesi.ewt. •7,4.'j.%
>
ooo

Barley . . . ...............

Oat* .............. .

3,241,315

3,290.420

497,030
....
570.470
. . . . 7,821,100
_________L 2,033.300
___

In d ia n c o rn

1806.
7,617,530
3.082.010
2,081.150
111.035
4 5 1 .110

0.-507,380
2.707.010

1895.

1 0 ,0 4 0 .0 0 0

4,536.630

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

.588,950

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

1894.
10.519,901
4.823,765
2,181,019
282,206
042,838
3,8 49.979
2,816,330

Floor
Supplies available for consumption (exclusive of stocks on
September 11:
1894.
1897,
1890.
1805
W h e a t Im p o rte d , e v rt. 7 .i"»3,o 0
7,817,530 10,940.000 10,519,901
I m p o r t # o f S o a r ,......... 2.023.3OO
2,797,'* 10
2,877.470 2,810,350
S a lt* o f H o m e -g ro w n . 4.325,882
4,034,715
2,252,158 2,IH0,033
T o ta l...

. . . . 1 4 ,3 0 2 .1 9 2 14 4 5 0 ,1 8 5
18 9 7 .
18 9 0 .
A v e r, p ric e w h e a t, w eek .3 1 * 101.
278.10(1.
A v e ra g e p ric e . M » ao n .3:14. 7 4 .
2 In. l t d

1 6 ,0 7 9 ,5 7 8
1895
24* l t d .
2,j*. 3 d .

1 6 .3 1 6 ,8 3 0
1804
17* 7 d .
19* 10*1

The following shows the quantities of wheat, Sour and
maize afloat to the United Kingdom;
T hU ureek.
W h e a t...............q r s . . . 1 ,6 9 5 ,0 0 0
F lo u r , e q u a l t« ( ir g . . 2 7 0 ,0 0 0
M ai** ............3 0 0 0 0 6

t o r i w eek.
1 .5 7 5 ,0 0 0
2 3 0 .0 0 0
1 6 0 .000

1890,
2 .0 1 5 .0 0 0
2 5 0 .0 0 0
1 ,0 9 0 ,0 0 0

1895.
1.781.018* j
240.001*
0 20 0 00

rivm iffniH iuufw ,

P ie c e .
lo o h ie e a g l e s ...........
O ire « d o f i^ r f . . . . . .

1 7 4 ,0 0 0
9 5 00
5 6 ,0 0 0

V alue.

Piece!.

*

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

T o ta l g o ld ................

2 3 8 ,8 0 0

3 .8 4 5 .0 0 0

i ta n d a r d d o lla r s —
H alf d o lla r s ................
q u a r te r d o lla r s ........
d i m e s . . . . ___ ______

0 2 0 ,0 0 0
i ,302,OC 0
2 ,4 3 2 ,0 0 0
3 ,9 2 0 ,0 0 0

6 2 0 ,0 0 0
0 8 1 .0 0 0
609,01 0
3 9 2 ,0 0 0

T o tal s tiv e r ............

8 ,3 3 4 ,0 0 0

2 .3 0 1 .0 0 0

f >tal m i n o r . . . . . .
0**1 f!om*Mfe

2 .5 9 2 ,4 8 4 5 1 ,8 4 9 ,6 8 0
1,143,731 1 1 .4 3 7 ,3 1 0
1,109 8 1 7 5 ,5 4 9 ,2 3 5

10,647'

5 o i l * r a . .. .^ . . . . . . . .

fiv e i-e n ts ...............>ne c e n t ...................

V alue.

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

26,617

4,850,709 68,862,842
9,547,401
3,38 0 ,3 0 1
8 ,0 2 7 ,2 1 8

10,091,778

9,547,401
1,098,150
2.15H.805
1.U09.178

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

150.300| 1 0 ,7 7 5 ,8 8 1
130.20*1 4 2 ,342,493

838,7 9 4
4 23 ,4 2 5

2 8 0 ,£ 0 0 , 5 9 ,118,374

1,262,219

0.426,500' 53,027,781 84,531,E9p

C h a n g e s in L e g a l T e n d e r s a n d N a t io n a l B a n k N o t e s t o

Nov. !.—The Comptroller of the Currency has furnished u s
the following, showing the amounts of national bank notes
The daily closing quotations for securities, etc., at- London, ] Oct. I, together with the amouts outstanding Nov. 1, and
are reported by cable as follows for the week ending Nov, 3; the increase or decrease during the month; also the changes
in legal tenders held for the redemption of Bank notes up t o
Fri
Nov. 1
Londo*.
S o t,
Hon.
Tur*.
Wed. T h u r»
K b j I U I i F i n a n c i a l M a r k e t * —P e r f a b l e .

Sil v e r , p e r o u n c e ....... d.
(JoiMWi*., n e w , 2 \ p.crts<
F o r a c c o u n t .................
F r'o h r e n te s iln P »r1*ifr.
A*c>! T op. A •‘ Ml** Fc
Df»
do
p re f.
C a n a d ia n P a c ific ...........
A O h io .. . . .
Ohtas M liw. m S t. P a n ’
D ^nv.
R io O r., p ro f.
E ric , o o m ro n n ............... .
t*fc
....
IIMb d i * C m t r » i . ...
L a k e S h o r e ............ ........
LonJftvil?* 4b N ft« h rn io
Mt&TirmTi C rn tT n h 4« .,
Wo. K m . .% T e* . to m .
N V. C e n f l A H u d so n
N, It. O ny»rfo 4k W e*t’R
N o rfo lk * W c s t’n, p re f
No. Pa-- p r e f ., t.r. re c ts
Penfluy 1r o o t a . . . . . . . . . .
P
•? =1.
lo - O i’ -' P-".. ■V
P r e f e r r e d ............ ......
O n io n P a c ific ___
W ab a sh , p r e f e m d . . .

27
27
1 1 1 ' is
I l l 'S
103 2 0
14
3 0 >*
92
>
22%
<
W b
46*4
3
15*8
3
m
104*9
174*3
>4
.19 >
>10%
■
t'
13'4
I l l 's
10% ,
44
$
5 1 *4
T.
&
<
58 7»
'*7
IV S
;
» 7s
31%
23%
:
19%

20%
26*4
2 6%
112*,« 112 6 112%
112*,* 112* IS 112*-s
103 3 5 103-10 0 3 -4 7 >3 03 52%
13^t
*3
134
2«%
28%
21* •
81%
81%
824
22%
22%
22*4
94%
B l%
92%
4*%
45%
15 11
*
15 H
15
30%
36%
M h
j
104%
105
103 %
174 % 174%
56*!i
54%
56%
00%
Ah'*
60%
13
13
13
*A
o
no
m %
1 09%
10
10 4
16*4
45
43%
i
43%
62%
53 “e
53 4
59%
W h*
584
107a
11 %
11%
. •
*
to %
9%
O’*
30%
29%
31%
22%
23%
22%
18
19
18%
26*3

'***Mmal B a n k Mate!—
a m o u n t o u ts ta n d in g O ct, 1, 1 8 9 7 ..................
A mount. issu e d <lari.ni; O c to b e r...................
♦ m o u n t r e tir e d d u rin g O cti h e r .......................

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

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

A m o u n t o u ts ta n d in g N ov. 1, 1 8 9 ', * .. ..
L egal T ender M otet —
A m ount on d e p o s it to re d e e m n a tio n a l b a n k
n o n g O c t. 1, 1 8 9 7 ............
................
A tn onnt d e p o site d d u rin g O o to b e r..................
Ain’t re is su e d a n d baD k n o te s r e tir e d In O ct.

* 2 3 0 ,1 9 3 ,9 0 ©

$1,71 7,180
7 77,205

*25,120,71©
9 9 9 ,9 7 5

mount on deposit to redeem national

____ >.« n o te s N ov. !. 1897 . . . .
.
_
_ __________* 2 6 .1 2 0 ,6 8 5
**5tvale*
.,1 M am m a' •"•Id *»••**. n o t in c lu d e d to s h o v e . * 8 4 , 6 4 0 .
No t e , f r o m s u io u n r <if N a tio n a l B a n k n o te s o u t s ta n d in g S e p t . 3 0 ,
*5 3 1 . 91 h a s b e e n d e d u c te d fo r n e w n o te s d u e b a . k s , b u t n o t
d e liv e re d .

According to the above the amount of legal fenders on de
posit N o v . i with the Treasurer of the United States^ to re­
deem national bank notes was $26,120,085. The portion of
this deposit made (i) by banks bee ming insolvent, (2) by
banks going into voluntary liquidation, and (3) by banks re­
ducing or retiring their circulation, was as follows on the
first of each of the last five months*

2TB E CHRONICLF,1
!

858
$
1 ,3 1 6 .4 3 2
5 ,2 8 5 .6 0 6

Nov. 1.

Oet. 1.

Sept. 1.

Aug. 1.

Deposits by—j J u ly i .

*
1 ,3 5 9 ,5 6 0
5 ,3 1 1 ,0 6 1

$
1 ,3 3 8 .6 8 4
5 ,3 9 8 ,8 00

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

•
Insol v ‘nt hks 1 1 ,3 9 4 ,9 6 2
IJquid'g bits.; 5 ,2 1 6 ,3 0 6
K M 'o'gnnd.
19,383,201
act o f 1 8 7 4 - 18,054,761 1 7 ,6 5 7 ,9 1 2 1 8 ,0 8 1 ,9 2 7 1 8 ,4 5 7 ,1 3 4
26 ,1 2 0 ,6 85
T o ta l.
124.666.029 2 4 ,2 5 9 ,9 8 0 2 4 ,7 5 2 ,5 4 8 2 5 ,1 2 0 ,7 1 0
• A ct o f J u n e 2 0 , 1874, and J u ly 1 2 ,1 8 8 2 .

[V ol , LXV,

Gas Securities.—Brokers’ Quotations.
GA8 C O M PANIES.

Bid. Ask.

GAS C O M PANIES.

B’klyn Union Gas—Stock. 121
1134
205
Consumers’ (Jersey City). 72
Bonds .. ...................... 101 »4
Jersey City & Hoboken... 185
Metropolitan —Bonds........ 105
Mutual (N. Y.) ............... 340
N . Y. < East R iv. 1st 5s.. 111
fe
Preferred........................ 106
83
105
Consol. 5s...................

Bid. A sk
170

160
103
105
290
103
45
79
150
Common....... ...... ............. 139
84
W estern G as..
.......
101

People’s (Jersey Cityj-.-W illiam sburg 1st 6 s.........
Falton Municipal 6 s .......
Equitable ....... .................
77
Bonds. 6s, 1899...............
1024
195
at. P a u l.................................
Bonds, 5s.
................

105
60
82

142
112
I m p o r t s a n d E x p o r t s f o r t h e W e e k . — The following are
85
110
103
87
the imports at New York for the week ending for dry goods
1O01
*
October 28 and for the week ending for general mer­
New York City, Boston and P hiladelphia Banks.—Below
chandise October 29 also totals since the beginning of the
we furnish a summary of the weeklv returns of the Clearing
first week in January.
House banks of New York City, Boston and Philadelphia.
F O R E IG N IM PO R T S A T N E W Y O R K .
The New York figures do not include results for the non­
member hanks.
1894.
1895.

1896.

1897.

For week.

$ 1 ,0 3 4 ,7 8 7
5 ,3 95,161

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

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

$ 1 ,7 8 7 ,6 99
8 ,8 4 0 ,5 74

$ 6 ,4 2 9 ,9 4 3
T o t a l..........
Since Ja n . 1.
D ry Roods........ $ 1 0 6 ,2 9 3 ,6 2 9
G en’I m er’dlse 3 0 3 .5 7 7 ,6 5 2

$ 8 ,3 5 7 ,9 5 9

$ 1 0 ,8 0 2 ,7 9 8

$ 1 0 ,6 2 8 ,2 73

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

$ 7 3 .1 8 3 ,5 92
2 8 6 ,500,611

D ry g o o d s........
G en’I m er’d lse

T otal 43 w eeks $ 4 0 9 ,8 7 1 ,2 8 1 $ 3 7 1 ,2 0 2 ,7 4 3 $ 1 3 3 ,1 6 7 ,6 8 8 $35 9 ,6 6 4 ,2 04

The imports of dry goods for one week later will be found
in our report of the dry goods trade.
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending November 1 and from Januarv 1 to date:
EXPORTS FROM NEW FORK. FOR TflE WEEK.
1897.
F or th e w e e k ..
F r e v . reported

18 9 6 .

18 9 5 .

1894.

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

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

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

$ 7 ,434,337
2 9 3 ,234,809

T otal 43 w eek s $ 3 4 2 ,2 5 3 ,8 3 1 $ 3 1 6 ,1 9 8 ,8 1 8 $ 2 8 1 ,1 8 4 ,0 1 3 $ 3 0 0,669,146

The following table shows the exports and imports of
specie at the port of New York for the week ending Octo­
ber 30 and since January 1, 1897, and for the corresponding
periods in 1896 and 1895.
EXPORTS AND IM PO RT S O F 8 P E C IB AT N E W Y O R K .

B anks

Capital a
Surplus.

if
Oct. 0 133,314,0
16.. 133,462,8
ii 23.. 133,462,8
30.. 133,462,8

Loans.

Specie.

Legau

Deposits.- Circ’Vn Clearinga.

$
571,731,1
569.117,0
562.175,4
567,200,5

$
93,948,5
94,886,7
1007563
1016113

$
73.721,3
73,747,7
76,514.7
78,995,3

$
616.737,2
616.079,6
617.465,2
625,339,2

•
15,820,2
15.866.7
15.970,9
16,071,3

~ $
771.364.1
799.310.9
764.598.1
680.229.9

B o h .*

9.047.6 181.166.0 7,200.0 108.305.1
Oct. 16- ,63,393,8 181,010.0 10.776.0
ii 23.. 03.393.8 181,208,0 10.022.0
8,652,0 179.995,0 7.186,0 105.968.1
l« 30
8,536,0 180,311,0 7,160,0 98.083,8
63,393,8 181,739,0 11,024,0
P h lla . *
126.543.0 6,868,0 70.738,7
36,306,0
Oof.. 16.. 35,388,0 119,343.0
ii 23.. 35,388,0 119,634,0
125,729,0 6,789,0 68.368.0
36,186,0
30.986.0
127,753,0 6,717,0 63.454.0
“ 30.. 35.388.0 119.814.0
* We omit two ciphers in all these figures.
+ Including lor Boaton and Philadelphia the item “dne fce other banka'*.

Miscellaneous B onds:
m is c e l la n e o u s B o n d s .
Jeff. & Clear. C. & 1. 1st g. 5s ....... .
2d g. 5s
...............................
Manhat. Beach H . & L. g. 4s. .........
Mefcropo). Tel. & Tel. 1st 5s

M is c e lla n e o u s B o n d s.
Oh. Jan. & 8. Yds.—Col.t.g.,5a
Colorado C. & 1 .1st cons. bs.g.
Colorado Fuel & I.—Gen. 5s.
Columbus Gaa—1st, g., 5a—
Commercial Cable—1st g. 4a.
Cona.GaaCo.,Clilc.—ls tg a .5 s
De Bardeleben C. < I .—g. ds.
fe
Det. Gae con. la t 5...................
Edison Eleo. 111. Co.—1st 5a..
Do of Bklyn., la t 5a..
Equit. G.-L., N . Y.,cons.g. 5a.
Equitable G. & F.—la t 6 s—
Erie Teleg, & Telep. 5a. g...
Galveston Wharf Co.—1st 5a.
Henderson Bridge—la t g. 6a.
Illinois Steel deb. 5a
Non-oonv. deb. 5a.

N at. Starch Mfg. 1st 6s ......
N. Y. & N. J. Telep. gen. 5 s ..
Northwestern Telegraph—7s
People’s Gas & C. ( 1st g. 6s.
Co., Chicago. . .. i 2d g. 0s.
1st cons. g. 6s........................
South Yuba W ater—Con. 6s.
Standard Rope < T.—Inc. 5s.
fc
Sunday Creek Coal 1st g. 6s.
W estern Union T eleg.—7 s ...
W estern Gas coll. tr. 5 s.........

105 b .
107 4 * .
*113 b
*Y 6 "b
♦1 0 3 3 4 b.
♦ 100 » .

N ote.—' V in d ic a te s price bid; “a** prioe asked. * L atest price th is w eek
“

Exports.
Gold.

-iG reat B rita in ...........
F r a n c e ........................
G e r m a n y ...................
W est I n d ie s .............
M e x ic o .......................
South A m erica........
AJ1 other co u n tries.
T otal 1897..
T otal 1896..
T otal 1895..

.

Silver.

Week.

Since J a n .1.

$ 3 0 ,6 2 4

$ 9 7 9 ,6 6 0
1 5 ,4 7 7 ,4 7 3
1 1 ,7 8 0 ,0 0 0
5 7 0 ,0 0 6
2 ,0 3 0
1 8 5 ,937
7 5 0 ,4 4 0

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

Exports.
Week.

Since J a n .l .

Imports.
Week.

Bank Stock L ist—Latest prices. * Not Listed.

Since J a n .l.
$ 3 ,5 5 0 ,0 ?9
2,500,000
2.143,153
3,574,264
147,991
808,199
491,894

1 8 5 ,275
2,653
11,901

$ 1 9 9 ,8 2 9 $1 3 ,2 1 5 ,5 30
7 ,9 8 6 ,1 2 6 7 7 ,857,737
8,845 24,942,176

Im ports.
Week.

Since Jan. 1

G reat B rita in ...........
F r a n c e ........................
G e r m a n y ...................
W est In d ies...............
M e x ic o .......................
South A m erica___
A ll other countries.

$ 9 5 6 ,9 9 9 $ 3 7 ,7 6 4 ,6 2 7
6 3 8 ,0 0 0
5 ,7 5 0
3 2 3 ,3 5 0
195
5,1 2 5
*8,595
1 7 0 ,296
3,3 2 5

$ 2 3 ,8 2 0
30.178
1 5 ,2 7 0
1,400

$ 5 2 ,1 0 i
2,306
2,321
402,563
1,179,284
794,063
43,107

T otal 1897.
T otal 18 9 6 .
T otal 1895.

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

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

$2,475,744
2,478,312
1,582,900

B A N K S.

Bid. Ask.
335

220
Bowery*___ 300
280
160
600
Chatham....... 290
4000
C ity............... 620
Commerce...
C ontinental.
Corn E xch ...
E ast R iver..
11th W ard..
Fifth A ve—
Fifth"..........
F irst_____
First N ., 8. I.
14th Street..

208

Bid. Ask.

BA NK S.

171
250
101

150
175

132
290 300
135 145
250
3000
240
2700
120 150
160
184
G allatin ....... 310 340
•♦a.phi'v oort",
100

B A N K S.

Bid.

N .Y .N a t.E x 80
N in th ............ 97*g
320
19th W ard.. 100
N. America. 135
160 180
180
260 270
210
P h en ix.......
550
187
180
Prod. E x .* ... 115
150
172
800
240
Second ......... 425
230
S e v e n th .
100
192
Shoe & Le’th 93
125
Stateof N .Y . 108
70
10
187 *a Third. .
150
Tradesm’n’s. 102
125
124
201
186
200
170
240
W estern....... 120
W est S id e ... 276

550
112
Germania— 300
105
350
H de & L.* .. 85
155
Im.&Trad’r^
145
Leather M fs’ 185
130

100
120

Manhattan... 220
M arket&Ful 215
Mechanics’.
M’chs’ &Trs’ n o

100
112

Merchant.’ .. 145
425
110
150
225

New Y ork...
V. Co’nty 700

Auction Sales.—Among other securities the following, not
Of the above imports for the week in 1897 $8,515 were regularly dealt in at the Board, were recently sold at auction:
By Messrs. B,. Y. Harnett & Co :
American gold coin and $653 American silver coin. Of the
Shares.
exports during the same time, $3,575 were American gold 5 0 T he H en d rick son M a n u fa ctu rin g Co................................................$ 1 1 0
4 0 0 B rid gep ort Land & Im p ro v em en t C o.............................................. $ 1 0 0
coin.
By Messrs. Adrian H. Muller & Sou :
Shares.
Shares.
City Kail road Securities.—Brokers’ Quotations.
10 E m p ire C ity F ire Insu r­
1 6 C orn E x c h a n g e B a n k ___ 2 05
Bid.
A tU n. Are., B’klyn—
Con. 6s, g.. 1931 A AO $100
Impt. 5s. g.. 1934 J&J
77
Bl’ecV st-A Ful F.—Htk.
31
1st morr.,7s. 1000. J&J $105
B*wav«t7tn A re.—
Stock 202
1st mort.,5s, 1904. J & I) 100
2d mort.. 5s, 1914.J&J 4 1 1 1
B'wajr 1st, 5*. guar. 1924 $117
2d
int. a* rum ’1. 1 905 $ 1 0 4
Consol. 6s. 1943... J it J 120
Mot. Ht-Ry. gen. 5» ’97 10§
Brooklyn City—S to c k ... 192
Consol. 6s, 1941.. J it J 114
Bklyn.Crosst’n 6s. 1908 100
BkrnQ’n*Co.&Sub.lst 1* 2
Bkl'n C.dfc N ew t’wn—8;k 160
6s, 1939
113
32
Brooklyn Kapld Transit.
6 s. 1946................ A.tO
Centra Cros«*town—
Htk. 198
1st M-. 0s, 1922 . MAN $118
Cen. Pk.N ct K Rlr.—Stk 173
Consol. 7s. 1902...J&D 113
Colnmbns it 9th Are. 5s. 119
Christ’p*rA loth 8L—Btk 165
1st mort., 1 8 9 8 ...A<tO 102 .
I And accrued interest.

Ask.
D. D. E. B. Bat’y—8tk.
103
1st, gold, 6s, 1932..J&J
80
S cr ip ................................
33
EightFi Avenue—Stook..
106*9
Reap, 6s, ¥914...............
205
42d A Or. s t. Fer.—8tock
no
42d St. Man. «t St. N. Av.
112*9] 1st mort. 0s, 1910.MAS
118
2d mort. incom e6s. J*t J
108 ! K in gs Co. Trac.—Stock..
121
Lex. A ve.it Pav. Ferry 5s
109*9 Metropolitan 8t. Ky.-Stk
194
Nassau El®c, 5s, 1944...
116
N. Y.it Queens Co.5s,1946
108
stelnw ay 1st 6a.’22 J&J
103*a Ninth Avenue—Stock ...
Second Avenue—Stock..
116
1st mort..5s, 1909.MitN
32 S
Debentures*, 1909.J A J
89*3 Sixth Avenue—Stock_
_
...
Third A venue—
Stock . ..
122
1st mort..5s. 1937..J&J
178
Twenty-Third St.—Stock
117
Deb. 6 s, 1903..................
1194 Union R y -S to c k ..........
160
1st 5s. 1942..................
104
W estchest’r, lst.g n ..5 s

Bid. Ask.
ii'i"
$100
320
100
320
39
$116
70
41
119
101
96

iie ”
102
336
105

114
180
120
108
102
190
149

110
200
130
109
105
200
150

300
103
no
$107
$ibb

40
117
76
43
119*,
102
96*3

a n ce Co............................... 99
3 0 C hatham N a t’l B a n k .......2 94
4 5 Araer. E x . N a t’l B a n k ...1 7 4
6 M ark et & F u lto n N a t’l
B a n k ....................................221
1 0 0 G uarantors L ia b ility Ind em n ity Co. of P e n n
10

B onds.

$ 5 ,0 0 0 FI. C ent. & P e n in . R y.
Co. 1 s t 5 b, 19 1 8 . J & J ........1 07
$ 1 8 ,0 0 0 G reat N orth ern R R .
4 s, coll, tr ., 19 0 2 . M & 8 ... 98*8
$ 3 ,0 0 0 Col. & Ind. C ent. R y.
7 s, 1904. M &N.......... .. 116*4

Datihittfl and fin a n c ia l
Spencer Trask & Co.,
BANKERS

ST * 2 9 F I N E S T R E E T ,
.
.
.
65 Slate Street, A lbany,

NETT T O U R .

_________I N V E S T M E N T S E C U R I T I E S ._________
O bo k o b B abol i t M o f f a t .

A l e x a n d e r M. W Urr«, J r

M o f f a t
& W
BANKERS,
No. 1 NASSAU S T R E E T ,

.

.

h i t e
.

NEW

IN V E S T M E N T S E C U R IT IE S .

,
YORK.

THE CHRONICLE

N ovejibeh 6, 1SV7. ]

^B ankers*

857

N o v em b er 5.

(g a z e tte .

S ix ty d a y s .

D em and,

P rim e b a n k e r s ’ s te r lin g b ills o n L o n d o n
d i h s e n d s

B o o k s clo ied .
( P a y s in c lu s is e .J

to

P er
W hen
C ent. P a ya b le.

ffa m e o f C o m p a n y .

4 8 3 is
4 8 6 9 4 86%
4 S 2 i4 ® 4 821-2
4 81% ® 4 82
5 20% ® 191*le 5 1 8 % ® 1 8 iie
4 0 q ® 4 0 5 ,a
401, ® 40%
F r a n k f o r t o r B re m e n (re tc h m a rk s ) b ’k e rs 94,%'@04.131g 95% ,.® 95%

New York at the under-mentioned cities to-day: Savannah,

.

The following were the Ates of domestic exchange on

R a ilro a d * (S te a m .)
O hio. & A lto n co in . Jk p re f. tq u a r.
M a n c h e s t e r * L a w re n c e ........ -••
N a s h u a A L o w e ll..............................

1%
5
4%

Pennsylvania.......................

S tre e t B a l lw « j« .
B r ’itivr. t t y A N e w to w n d in a r.).
M e tr o p o l'n S t . K ..C .,M o.{quar.). . j
W e st Cliio. S tr e e t (q u a r .) ........ .
B anka.
B a n k o f t h e S ta te o f N e w Y o r k ..
T H a c e lJa n e o n a .
A m e ric a n C o tto n O il, p r e f ...........
A m e ric a n D is tr ic t T e le g r a p h ----E r ie T eles'- * T e le p . ( q u a r .) ..........
L e h ig h C o al A N a v ig a t io n ............
S ta n d a r d O il ( q u a r .i.
■
*
•' (e x tr a ))..
(e tra
W a s h in g to n ( i > C.t G. L. (g n a r.i
■

ajar*!

2*9

D ec.
N ov.
N ov.
N ov.

2
%
1%

N ov.
N o r.
N ov.

O c t. 2 1 to N ov. 2
O c t. 2 7 to O c t. 31
1 5 N o v . 6 to N ov. 15

3

N ot.

10

3
1
1
2

D ec.
1 N o v . 12
N o v . 1 6 N o r. 1 0
N ov. 15 N ov. 7
N ov. 2 7 — ------D ec. 15 N ov. 18
N ov.
1 O ct. 1 8

I i
2V

to
to

to

—

to

N o v .1 0

to
to
to
to
to
to

D ee. 2
N o r. 15
N ov. 14
---------D eo. 15
O ot. S I

WALL STREET, FRIDAY, NOV. 5. 1897-5 P. M.

The Money Market and Financial Sitnation.—There was
nothing in the most important event of the week, the elec­
tions, to stimulate bnoyancy or even activity in the market
for securities, and therefore the week in Wail Street has been
dull until to day, when the stock market was active and
prices declined on a fresh Caban scare. The local election
was disappointing to a majority of the voters because the
successful candidate for Mayor represents a minority ele
ment, and in some other States the margins are uncomfort­
ably narrow.
Aside from the results of the elections, whatever they may
signify, there have been no unfavorable developments, but
the possibilities of the future, with Congress to assemble a
month from now, do not encourage capitalists and investors
to active operations.
In railroad circles the event of the week was the sale of
Union Pacific in accordance with the reorganization plan,
and it Is expected that the farther process of rehabilitating
the company will proceed without interruption. Reports of
railway earnings continue to reflect a satisfactory traffic
movement, although the Clearing House returns for the
month of October show an increase of leas than 33 per cent
over the corresponding period la-t year, as against an increase
of over 50 per cent for September and 36 per cent for August.
The foreign exchange market has been featureless and at­
tracted little attention. The supply of bilis has been readily
absorbed, and changes in rates are nominal.
The open market rates for call loans on the Stock Exchange luring the week on stock and bond collaterals have
ranged from 1% to 2% per cent. To-day’s rates on call ware
1% to 2 per cent. Prune commercial paper is quoted at
g k to 4% | at cent.
The Bank of England weekly statement on Thursday
showed a decrease in bullion of £433,670 and the percentage
of reserve to liabilities was 47‘03 against 47*63 last week; the
discount rate remains unchanged at 8 per cent. The Bank
of France shows a decrease of 1,300,000 francs in gold and
a n increase of 760.000 francs in silver.
The New York City Clearing-House banks in their state­
ment of Oct, 80 showed an increase in the reserve held of
§3,335.600 and a surplus over the required reserve of §24,271,800, against $23,904,700 the previous week.
1897,
Oct. 30.

Oaottal......

B a r p lu s .........
L oan * & dl«<
C irc u la tio n .
N e t d e p o s its
S p e c ie . . . . .
L e g a l te n d e r s ___
D e se rv e h e ld .
L egal re serv e
P u r y ln , r e s e r v e

9

5 9 ,0 2 2 ,7 0 0
7 4 .4 4 0 .1 0 0
6 6 7 ,2 0 0 ,5 0 0
. 1 6 ,0 7 1 ,3 0 0
i82V.389.20O
1 0 1 ,6 1 1 .3 0 0
, 7 8 ,9 9 5 .3 0 0
1180,600,000
1 5 0 ^ 3 4 ,8 0 0

:D iffere n t t f P m
: P res. w eek.

j

*
.............
..................
(n o .5 ,0 2 5 ,1 0 0
I n c . 1 0 0 ,4 6 0
In c .7 ,8 7 4 ,0 0 0
I n c . 8 3 5 ,0 0 0
l a o . 2 ,4 8 0 ,6 0 0
I n e .3 ,3 3 5 ,6 0 0
In c .1 ,9 6 8 ,5 0 0

2 4 .2 7 1 .8 0 0 J n e t , 3 0 7 ,1 0 0

buying % discount, selling par: Charleston,' buying 1-16
discount, selling 1-16 premium; New Orleans, bank, par,
commercial, $1 25 discount; Chicago, 25c. per $1,000 premium;
St. Louis, par.
United States Bonds.—
Sales of Government bonds at the
Board include §16,000 4s, coup., 1925 at 137% to 128 ; §3,500
4s, coup., 1907 at 114; $5,000 4s, reg., 1907 at 113 ; $6,000 ;5s,
reg.,at 114% to 115; §4,000 5s, coup., at 114%, and §10,000
6s, cur., 1896 at 102%. The following are closing quotations:
M erest
P e rio d s.
2 b, .......................... re g .
4e, 1 9 0 7 ..............re g .
4s, 1 9 0 7 ............oonp.
4 s. 1 9 2 5 ............ re g .
i s , 1 9 2 5 ............co u p .
5 b. 1 9 0 4 ..............re g .
6 b, 1 9 0 4 ............coup.
6», o u rto y ,’9 8 . . . re g .
6 b , < m r'cy,*99.. .reg .
4 b, (O U er.U 8B 8.reg.
4*. (O tie r.U 8 9 9 .re g .

Nov.
1.

,-M c h .
.-J a n .
Jan.
.-F e b .
,-F o b .
c .-F e b .
.-F e b .
. A J.
. A J.
M a tc h .
M a rc h .

' 99
'1 1 2 %
*1135l
*127*4
*128*4

* 981s
*112%
*113%
•m q
127 s»
* 114 14 *114*8
*115% *1145a
-102% *102%
*106 *106
*103 *103
*103 *103

Nov.
2.

w
S
D
>
;

Nov,
3.
* 98%
113
*11*1
*127%
*127%
115
*114*4
*102%
*10 0

‘ 103
*103

N ov.
4.

N ov.
5.

* 9 8 ia * 9 8 is
*U 3
*113%
114 *114
*127% *127%
127% 128
*1 1 4 * *114%
*114% 114%
*102% 102%
*106 0 1 0 6
*103 *103
*103 *103

* T ills 1 th e p rio e b id a t th e m o rn in g b o a r d ; n o sa le w a s m a d e .
b

United States Snb-Treasnry.—
The following table shows
the daily receipts and payments at the Sub-Treasury :
B a la n c e s
D ate.

B e ceip te.

‘ P a y m e n ts .

*

$

C oin.

9

O ot. 3 0
3.18 8 ,4 5 1
3 ,2 5 5 ,7 2 4 !4 7 ,8 1 1 ,5 8 1
N ov. 1
2 ,7 1 1 ,5 5 9
3 .0 8 5 ,4 8 * 1 1 4 7 .9 3 5 ,0 0 9
2 '........................!......................... .H O L ID A Y ,
3; 2 .4 2 6 ,8 3 0
3 ,8 4 4 .4 8 1 1 4 7 .7 3 5 .2 0 2
4
2 .4 0 9 ,1 0 5
2 ,9 8 2 ,5 0 0 1 1 7 .6 0 5 .2 2 6
5: 3 ,1 9 3 .8 1 9
3 ,2 8 2 ,1 0 8 1 1 4 7 ,6 1 6 ,9 9 9
T o t a l..

1 3 ,0 2 7 ,5 6 4

C u rre n c y .

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

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

43-1,636
4 1 0 ,7 1 6
4 9 5 ,8 8 9

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

1 6 .2 3 0 ,2 7 4 ;.

Coins,—Following are t h e
ooins:
Sovereign*........ f* 84 a $4 88
N a p o leo n * ............. 3
X X R e le h m a rk s . 4
2 5 P e s e ta s ............. 4
S p a n . D o u b lo o n s. 15
H e x . D o u b lo o n s . 15

O otn C ert's

83
74
78
50
50

* 3 88
9 4 78
» 4 81

c u r r e n t q u o ta tio n * in

gold

fo r

F in e S ilv e r b a r s . . — 5 7 o — 58%
F iv e f r a n c s ............— 9 3 ® — 96
M ex ic a n d o lla r s .. — 44% ® — l b ' s
P e ru v ia n »ol»___ — 4 0 a — 4 3
E n g lish s i l v e r .. . 4 8 0 ® 4 85
U . 8. t r a d e d o lla rs — 6 0 ®
70

air. 70
a i s 70
Fine gold bare... par »Vprein­
state and Railroad Bonds.—bales of State bonds at the
Board include §12,00 • Tennessee settlement 3s at 83 to 84%;
$1,000 ditto small bonds at 80; §9.000 Virginia fund, debt,
2-3s of 1901, at 67%, and §1,000 Alabama Class A at 108%,
The market for railway bonds has been re atively firm.
Daring the early part of the week the volume of business was
exceptionally limited, ranging from §935,000, par value, on
Monday, to §2,7> 3,<» 0 to-day, and averaging a little more
tnati §1,50-',000 daily. Prices have been better sustained than
in the market for stocks, and in only a few cases were de­
clines more than fractional until to-day. Among the ex­
ceptions are Kansas Pacific 1st consols, which, for reasons
noted last week, have further declined, and Atchison ad­
justment 4s are over 3 points lower than our last quotations.
On the other hand Houston & Texas Central 4s and the Mis­
souri Kansas & Texas issues advanced. Special activity is
noted in Atchison, Chesapeake & Ohio, Chicago & Eastern
Illinois, Chicago Terminal, Kansas Pacific, Lake Shore,
Missouri Kansas & Texas, Minn. & St. Louis, Northern
Pacific, Oregon Improvement, Oregon Short Line, Reading,

1895.

18 9 6 .
Oct. 31.

Noe. 2.

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

*
6 1 ,1 2 2 ,7 0 0
7 2,889, CKK)
5 0 0 ,0 9 1 ,8 0 0
1 4 ,4 5 2 ,6 0 0
5 2 9 ,8 6 2 ,4 0 0
6 4 .2 0 9 ,8 0 0
8 5 ,8 5 1 ,2 0 0
1 5 0 .0 6 0 .0 0 0
1 3 2 .4 6 5 .0 0 0

17,403,2251 1 7 ,6 9 4 ,4 0 0

The Clearing House has also begun to issue weekly returns
showing the condition of the non member banks which
clear through the Clearing House institutions. The state­
ment in fall MU be found on the second page following.
Foreign Exchange.—There has been no change in the con­
dition-; governing the foreign exchange market. The lim­
ited demand For bills has been abundantly supplied and rates
have remained steady.
To-day actual rates of exchange were us follows: Bank­
ers’ sixty (tavA sterling, 4 92 v«4 83; demand, 4 86%(9
485%; cables, 4 803166%; prime commercial, sixty days,
4 82%$$4 82%; documentary eommercin.1, sixty days, 4 81%@

4 83.

Oct.
30.

Posted rates of leading bankers fellow;

Railroad and Miscellaneous Stocks.—The elections this
week had a depressing effect in the stock market. Total
transactions at the Exchange on Monday were less than
166,000 shares, and the daily average for the week, excluding
to-day’s large business, only about 280,000 shares. This rep­
resents chiefly the operations of professional board room
traders and in the absence of outside interest prices in the
active list have declined an average of over three points.
So little support is there in the market that a vigorous bear
raid to-day based on the Spanish-Cuban situation resulted in
a liquidating movement of considerable magnitude and a
sharp decline of prices, a part of which was recovered before
the close. The coal stocks were aeain the weak feature.
De,aware & Hudson sold down to 108%, a loss of 5% points,
and Central of New Jersey at 86% was 6 points bel­
low the closing price last week. St. Paul was weak because
its report of earnings for the last ten days of October was
misunderstood, there being two Sundays in the period
against one last year. There was no strength apparent in
the active railway list and prices moved downward with un­
usual regularity.
The same conditions prevailed in the miscellaneous list,
American Sugar and Consolidated Gas being the only fea­
tures; they were under special pressure and each declined
nearly 10 points.

THE CHRONICLE.

858

[VOL. L X V .

MEW YORK STOCK EXCHANGE—A C T IV E STOCKS fo r week ending N ) V . •* , a n d »ince JA N . 1, 1 8 9 7 \
>
S a les o l
B a n g e lo r y e a r 1897.
th e
[ O n b a s il o f 100-sh a re lots, i
_
——— _
.
L ow est.
| H ig h est.

IH G H K ST A N D LOW EST PRICES,

Baturtlny,
Ocit. 30

W
cok

M onday,
N o v . 1.

13%
2 3 2 8 i *13%
9 ® 9 * 29%
J14H 14 hi
33* O. 33%
* 34
7 9 \ 803i *79%
55*9 56
*65
•92 7e 92*0 92
13H>

13%
29%
14' j
33%

56%
92%
14 |
14 | 14
21% 22%
2 2 *«
1 6 5 % '1 6 0 166 I
96% 95% 96%
59
‘ 54
59
97%
9 7 I 93
15% 15% 1 5 % '
9 I •8
9 I
: *8
32
31 I 28
‘ 29
938b 94 U 93 93%
____ H

j 15U

139% 139% 5140
110
1 2 3 % 123% 1 2 3 ^ 123%
...........................i 1 6 3 % 1 6 3 % '
• 86%
86%
86% 87 I
• 79% 79%
79% 79%
142
1 4 5 |* 1 4 ‘ 1 4 5 I
2
35
35%
35% 36
........................... *75
85 I
116 I
114
1 1 5 ,* 1 1 4
155
155% 156
156%

*11

12% *11

*42% 46 I
§15% 15%
*36% 3 7 !
*19% 2 0 %'
*130 140

45
16
37
19%
130

12 %

45 I

16%'
37
21
140

101%102% 102%102%

*8 % 9%
• 8 % 9%
*31% 32 ! *31% 32
*17% 18
*17% 18
76
*73
7 6 I '7 3
*170% 173 *170 173
§40
40
•4 0
45
55% 56%, 56% 56%
101% 101% 102% 103%

101 101% 101%101%

§105% 105% *102% 105%
24
26
*24% 26
'85
88
*84% 86
'5 4
56
*54
56
13% 13%
13% 13%
32% 32%
32%
32
30% 30% 30% 31%
27
27 |
27
27
1 0 8 108% los 108%
*13% 14% '13% 14 i
*75
80
*75
80
35% 35%
*35
36%
• 1 8 0 183 §180% 180%"
ft
16% 16% 16% 16%'
0
17
17
IS
*17
'3 3
36
35
*33
*13% 14% *13
15
§42% 42% 44% 44%
h!
18% 18%
*18% 18%
52% 52%
52% 53%
§35
35 I
38
*33
70
*67
70
......................
§18% 18% *
32% 32%
3 2 7s 33%!
68%
69 * 67
*65
23% 23% 22% 23%
« 49% 50% 49% 60
28% 29
28% 29
*22
25
25
J*54% 67
*54% 68
• 6^2
*61*
7%
7%
§45
45
144% 443i
14
§14% 1412 §14
•CO
'CO
•6 % 7
6% 6%
52
52%
5 1 V 51%
2 0 % 2 0 % §2 0 % 20*4
*4
5
-4%
f
t
*9
10
■9
10
21
*20
23
*19
*80
83
85
•81
•122
125 *122 125
2 0 j4 2 0 % 2 0 i« 20^8
9%
9% § 1 0 % 1 0 %
30% 31
30% 31%
1110 u % *1110 1 1 %
2 1 % 2 2 % 22
23%
8%
8
7 7r
k 7 7e
- *7
7
7
7%
18% 19
a i 8 % 19
2
2
*1
,i* i%

1
g

*60

‘22

*21

22

*21

§75

75%

*74*2 70*2

10% 10>s 10*2

22
10%

•27*4
141
*113%
82*i

30
2 7 V 27%
142
141*4 143
114 114
115
83% 82*4 83

194
*33
*80
33*i
•34%
•103*s

1 9 5 199%
202
•30
38
38
589*4 89*4
89
”33*4 34
34
34 7s 35%
35
104% 1103*2 104
30% 30*9 3 0 V
60
5
*4% "*4*i
26% 26*2 2 6 V
*7*2 7%!
8
63% *63% 61*4
16*2 16*2
18
66
60 I
65

$110%110*» 110 110
4
4%
4*4
5
86* 97% 96*i 97*8
%

30*4
*58*2

*4*2
26*1
*7*2
63*2
*16
65

88

*

88*4 88

‘f ” bI

88*2

A c tiv e R l t . S to c k s .
9*s Apr. 19: 17 S ep t. 1 8
1 2 % A tch iso n T opeka & S an ta Fe.
17 A pr. 19 35*2 S ep t. 8
27*8'
Do
p r e l.
9 J u ly 10 21*8 S ep t. 2 0
12*2 13*2 B altim ore & O hio.......................
7 ,4 1 5 1 8 V Jan . 7 3 7 S e p t. 13
30% 32 |B rook lyn B aptd T r a n s it..........
1 ,2 0 0 46*9 Mar. 29 81% Oct. 14
79*2 79*8 C anadian P aoitlo............ ..........
4 ,0 4 0 44% J a n . 13 62*8 S ep t. 16
52*s 5 4 [Canada S o u th ern .......................
88*2 C entral o f N ew J e r s e y . . . ........ 1 8 ,8 5 0 68*4 M ay 24 103% Jan . 1 9
950, 7*8 Apr. 2 o; 18 S ep t. 28
13*2 C entral P aoitlo.............................
21*4 C hesapeake < O h io................... 23,7 4 1 15%, Mar. 29 27*8 A u g. 3 0
fc
3 5147 J u ly 22 1170 Mar. 1
..........tC hicago & A lt o n ..........................
93% C hicago B u rlin gton & Q uincy 1 8 6 ,9 6 2 693s J an . 5 . 102*4 S ep t. 20
2 5 0 3 7 % J u n e 7 6 1 Se.pt. 8
ft 4 C hicago & E aste rn I llin o is . . .
.......... 5 9 5 J an . 8 1 03 Sept. 14
96 i
Do
p r e l.
3%, J u n e 23 203a A u g. 12
12*8 14*8 C hicago G reat W e s te r n .......... 2 9 ,3 5 0
550
8
Oct. 2 9 13 A ug. 31
g
8 *sjChic, In d ia n a p o lis & L on isv.
7 0 0 2 6 V J u ly 30: 38*4 Sept. 1
27
29 !
Do
p ref.
89
9 1 *8 Ohloago M ilw au k ee A St. P a u l 1 3 6,795 69*4 Apr. 1 9 |1 0 2 Sept. 15
1,997 130*2 M ay 6 }146 Sept. 4
9 ,4 6 3 101% Apr. 19,132*2 Scjit. 15
} S ? 5 8 S i ! I l f I I I * 117*2 ilo ^ 'c h lo a ir o & N orthw estern!*!?^
28 0 1 53 J an . 12 165*2 S ep t. 22
*l 5 ? . m
-R ile -83 * ; C hicago R ock Islan d A P acific 52,411} 60*4 Apr. 19 9 7 % S e p t.2 0
9,790, 4 7 Jan . 21 89*2 S ep t. 16
77*s 78*e 75*s 77*4 C hicago St. P a u l M inn. A O m .
..........! l 33*2 Jan . 18 1 4 8 J u ly 26
1 4 2 145 7 1 4 0 145 >
Do
p r e l.
5 ,8 1 5 21*« J u n e 1 4 1 * 2 S e p t.l5
335 h 3414
30% 33*2 c ie v e . Cinoim Chic. A St. L ...
1 ....................... 1
Do
p r e l.
10, 63 J u n e 1 6 8 6 % S ep t. 8
6,825} 9 9 V A pr. 1 1 2 3 S ep t. 18
i i o ” il'o"" 108*8 110 D e la w a r e A H u d son .................
2 ,3 3 8 146*2 M ay 20 1 6 4 A u g . 12
153 153
1 5 0 *2152 D elaw areL ach aw an n a& W est
........ D e n v e r & Rio G r a n d e .............
9*4 Apr. 2 0 14% A u g. 14
2 ,0 7 0 3 6 A pr. 20 50*2 A u g. 16
42% 4 3 * '
2
Do
p rel
2 ,0 5 0 11*2 Anr. 19 19 S ep t. 16
13% 14*2 E rle .................................................
2 .0 0 0 2 7 Apr. 19 46% S ep t. 16
Do
1 st p r e l.
330 15*2 M ay 24 25%, A u g. 12
Do
2d p r e l.
G reat N orth ern , p r e l.................
120 J an . 16 141
S ep t. 4
Illin o lsC e n tr a l............................
6 ,9 8 4 91*s A pr. 19 110% A u g. 7
430
Io w a C en tral...... ..........................
6 A pr. 151 13*2 Sept, 4
61 0 23 J u n e 8 ! 41% S ep t. 4
Do
pref
41 0 13 M ay 11 22*« S ep t. 1 8
L a k e E r le & W estern................
1 ,2*0 58% A pr. I 1 7 9 7g S ep t. 2 0
Do
orel
1 ,5 6 5 15 2 J an . 2 1 81 S e p t .1 6
L ak e Sh ore A M loh .S ou th em .
L on g Is la n d .....................
463 39% N ov. 5| 5 5
Jan. 8
L o u isv ille & N a s h v ille ........... 4 1 ,9 3 2 40*8 A pr. 1 • 63 78 S ep t. 3
25,9 5 2 81% M ay 6 1 ) 3
M an h attan E le v a te d ,c o n s o l..
S ep t. 1 0 ,
1 0 0 % 103% 1 0 0 % 1 0 1 %
4,903 99% Oct. 15 1 0 4 N o v . 3
M etrop olitan S tr e e t........ .
1 0 2 104 | 102 102%
6 80 9 0 Jan . 28 1 U V S e p t.1 6
M ichigan C en tral................
r102. 105% §105 105
M in n eap olis & St. L ou is.
16 M ay 1 4 31% S ep t. 16
15 77% Mar. 18 9 0 S e p t.1 6
Do
1 st p r e l.
____
Do
2d prel.
4 6 F eb. 26 62% S ep t. 16
i',545 10 A pr. 19 16% S e p t.1 6
12*4 M lssou rlK an sas & T e x a s___
9 ,3 6 0 24% A pr. 19 4 2 Sept. 15
Do
prel
M issou ri P a o iiie .......................... 4 5 ,3 8 5 1 0 M ay 6 40*4 S ep t. 7
M ob ile & O hio................... .
1 ,3 1 0 1 8 J u n e 3 32 A ug. 19
N ew f o r k C en tral A H u d son . 2 0 ,745 92*2 F eb. 18 115*2 S ep t. 16
30 0 11 F eb . 11 17% Sept. 3
N ew Y orkC hloago & St. L ouis
Do
1 st p r e l.
67% A p r. 15 81*2 S ep t. 4
37 0 2 4 F eb . 10 43*2 S ep t. 20
Do
2d p ref.
N ew Y ork N e w H av en A Hart.
7> 160 F eb. 2 §186 S ep t.2 0
6,155 1 2 % A pr. 19 20% Sept. 16
15% 16
15*4 15*2 1430 1514 N ew York O n ta r io * W estern.
2,950
17
17 N ew York S usq, A W est,, new .
6*2 M ay 28 2 0
Sept. 16
17
*16*2 17% 17
3 ,7 3 0 18*4 M ay 20 4 5 S ep t. 17
Do
prel.
33
30% 31% 28
31%
30^4
13 0
14 N orlolk & W e s te r n ...................
1430 13*4 1314 514
9 Apr. 19 17*4 Sept. 10
*13
3 ,2 4 0 22*2 M ay 5 45% S ep t. 4
Do
p r e l.
4 1 78 42% x 39*2 40%
4214 4 2 ^
5,715 11 A pr. 19 2 1 78 Sept. 16
18
18% 1730 173* 16% 17 Nor. P aciftoR y. v o tin g tr.ctls.
48% 51%
Do
p ref. 69,4 0 0 32*8 J an . 6 57 S e p t.1 6
51% 52**8 50% 51V
*30
50 1 6 J u n e 8 4 1 S ep t. 10
35 Or. R R . & N a v .C o .v o t.tr .c tfs.
*34
*33
39
38
D o p r e l., v o t. tr u st.o tls.
*66
70
3 7 78 J an . 8 73*s Sept. 11
70
67% 67 % *65
1 ,4 8 0 17% J u ly 9 23% A u g. 16
19% 18*2 18% 18*2 18% 17% 18% O regon S h ort L i n e ...................
4 ,7 8 0 11*2 Mar. 29 34*2 Oct. 20
§32% 32%
31% 32*4 30% 32 P it t s bnrgC lnm Ohio. A St. L .
*65
65
4 4 * e J u n e 2 5 70*2 O ct. 2 0
67
67
65
Do
p rel.
67
21% 2 2 % 2 1 % 21% 19% 2114 R ead in g, v o tin g tr. c e r t if s ... 30,0 3 5 116% A pr. 19 29*4 S ep t. 18
l s t p r e l., v o tin g tr. o ertifs. 19,971 138 *2 A pr, 19 57 % S ep t. 20
473t 49
47
47% 44% 463j
25
26% 2 d p rel., v o tin g tr. certU s.
2 ,1 4 0 122% A pr. 19 3 5 78 S ep t. 2 0
27*2 28
2634 27
*22
*22
*20
25 R io G rande W estern,
25
25
14% J u n e 26 25*2 S ep t. 1 0
§ 5 7 % 5 7 % 5 4 % 5414 *53
Do
p r e l.
58
15 3 52 5 M ay 26 59% Sept. 10
6%
6
6% St. Jos. & Gd. I s l., v o t.tr .c tls.
1 ,1 0 0
3% J u n e 14
9% Sept. 2
6*2
0%
6*2
46
46
46
40 *.......... 45
Do
1 st p r e l. 351 37% J u n e 10 5 2 S ep t. 1
§14% 15
14*2 14%
Do
2d p r e l. 3 3 4 10*2 J u ly 28 20*4 Sept. 2
'60
*60
-60
St. L o u is A lt. & T. H .,tr.reot 8
5 9 A u g. 16 6 2 M ay 20
6
6%
6 St. L. & San F r., v o t. tr. o t ls .
4 A pr. 19
9 A u g. 1 2
808
6%
0 % 6%
51
52
Do
1 s t pref.
50*2 50% 48% 5Oi0
2,821 3 7 J an . 29 57*4 A u g . 12
1734 18%
19% 1 9 ^ §19
19
Do
2d p rel. 780 12 Apr. 15 22% A u g. 1 2
5
4*2 St. L ou is S ou th w estern
*4*2
4*2
*3^2
1 Apr. 1
7 A u g. 1 6
4*2
*9
9% 9%
*9*4 10
10
Do
p ret
3*2 Apr. 1 14% S ep t. 3
*20
22
*19
21
*19
23 St. P a u l & D u l u t h . . . . . .......... ..
2 0 J an . 4 3 0 S ep t. 10
*81% 83
*81% 83
‘ 81% 83%
Do
p rel.
§ 7 2 *2 J u ly 16 87*2 Oct. 4
122
L25 •122
L25 §123
L23 St. P a u l M inn. A M a n ito b a ...
5 1 1 4 Jam 28 125 A ug. 6
20
20% 20% 19*2 19% Southern P a cific Oo..................
20*4
1 ,7 3 0 13*2 Jam 13 23*8 Sept. 8
9%
9% 9%
9%
9% S ou th ern ,votin g tru st, o er til.
3 ,5 2 3
7 A pr. 19 12% Sept. 1 0
8%
29% 30 W 28% 2934
j
27
28% D o p r e l., v o tin g tru st, oert. 2 3 ,0 5 6 2 2 V A pr. 19 38% Sept, 10
11
10
10% T e x a s A P a e illc __ . . . . . . . . . . . .
1 1 % 103* 11
5 ,0 1 0
8 Apr. 1 15
A u g. 30
2 1 7s 2213 2 1 % 22i«
19% 2130 U n. P ao. tr. rec., 2d in st. p d . 5 3 ,0 7 0 14*2 A pr. 19 27% O ct. 2 0
7%
7%
7*8
0%
7%
7% U n io n P acific D en v er A G u ll.
4 ,7 6 0
1 Apr. 24 11% Sept. 2 3
7
7%
5%
7%
7
6% W a b a sh ..
1 ,3 8 0
4% M ar. 2 9
9% S ep t. 7
18
18% 16% 18*8 15
17%
Do
prel. 1 5 ,2 5 2 11% A pr. 19 24% S ep t. 2 0
*1
'I
2
2
*1
2 W h eelin g A L ake E r ie ...___
*2 J u n e 1
6*2 J a n ,
2
1134 1230
*8
Do
p ret
200
2% A pr. 15 2 9 J am
5
M is c e lla n e o u s S to c k s .
18
20*4 A m erloan C otton Oil Oo..........
2 .2 3 5
9% M ay 28 26% S ep t.
*74
76
*73*2 75*2 74
74 I
Do
p rel.
145 52% F eb. 16 80% S ep t.
9*2
9%
9*2 A m erican S p irits M fg. C o___
5,958
8 % N ov. 5 15% A u g.
26% 27% 25*2 27
25
26%'
Do
prel.
2 ,4 4 3 25 N o v. 5 3 6 A u g.
136% 140% 1 3 5 137*8 130 1 3 Me A m erican Su gar R efining Oo. 2 3 4 ,8 5 7 109*8 M ar. 29 159% S ept.
113 113%
110
110* !
2
Do
prel.
1,891 100% J a n . 7 121% S ept.
81% 82%
80*4 81% 78*4 80*4 A m erican Tobaooo Co
29,087 67% F eb . 15 96% A u g.
'109 112 5110
110
1 10 I
Do
prel,
845 1 00 F eb . 11 1 1 5 A ug.
4%
5%
4%
0%
4*24 78| B a y S ta te G as .....................
67,2 9 5
3 7e Oot. 23 16% A ug.
95% 97
94*8 95% 92*2 94% C hicago G as Co., oerts. o l dep. 86,8 6 5 73% Jan . 5 108% S ep t. 1 8
197 210
2 0 0 203*2' 191 198 IC on solid ated G as C o m p an y.. 1 9 ,1 8 7 136% J an . 2 241% S ep t. 1 6
" 1
•3 0
38
•33
38
30
3 0 C on solid ated Ic e C o................
3 0 J u n e 1 6 41% J u ly 19
r.......... 89
89
589*4
89*4'
D o p ref. 30 80 J u n e 16 90% J u ly 29
33% 33%
81% 32% 30*8 32 iG e n e r a lE le o tr io C o ........ ...........
9 .2 3 5 28% M ay 17 41% S ept. 15
33% 34 , , 2 2 . 3313 31 *4 33 N a tio n a l L ead Co
9,501 2 1 % F eb. 16 4 4 S ept. 10
103% 103% 5103% 103%; 102% 102%l
Do
p rel.
759 8 8 % F eb. 13 109% S ept. 10
30
3 0 V 29*4 30%' 28*4 29 P acific M all
9 ,9 0 5 24 Jan. -9 39% S ep t. 2
88*4 58*4 <57
58*2 •57
9 IS ilver B u llio n C ertific a tes___
A ug. 27
Jan
4 4% 4 * 2 4 V 4*2 4% Stan d ard R op e A T w in e .......... 1,457 51% J u n e 29 65% J a n .. 2 7
*2
3%
11%
19
25*2 2 6 > 1 25*4 25%
4
25*8 T e n n essee Coal D o n & R R ... 1 7 ,6 4 6 17 May 20 35*8 S ep t. 9
7% 7*2
7*8
7
7*4]
7 IU n ite d S ta te s L eath er Co____
2 ,0 4 0
6 % M ay 22 10% A u g. 2 3
62*8 62%
61*4 62
60
61
Do
p rel.
5,795 5 0 Apr. 22 7 1 S ep t. 1
*16*4 18*4
16*2 16*2 16
16*2 U nited S ta te s r u b b e r C o___ _
500 1 0 J u n e 3 25% J a n . 19
66
66
61
65
03
64 |
Do _
_
p rel.
1,475! 5 0 J u ly 20 7 6 7s J a n . 5
87*4 8 7 V 8 6 °» 87% 84*g 8 6 V W estern U n ion T e le g r a p h ___ 2 1 ,0 0 9 75% May 7 96% S ep t. 11
2 5 7s

14
22
*162
95
*5 4 *2
1*93

^

200

100

100

200

110
100

21
10

21% 20*2 20*2
10

8*a

110*2 112
110

100

1,000

22*4

1

» ,??.'"1‘ ra9' 1 R

<Utei’ rrom A'pr11 *

’ B oforo PaY'neDt o l a n y in sta l. f l l s t In st, p d

THE CHRONICLE.

N ovember 6, 1897.]

85^

NEW YORK STOCK EXCH ANGE PRICES ( C o n t i n u e d ) - T J V I 5 STOCKS.
1HACT1VB STOtJSJl
• a d to at-es a n ile te d .

-Vor. 5 .
B id.

R a n g e d a le s ) t n 1897.

A ek.

L o w est.

119
1% %

H ov. 5.

IsrA c n v K S t o c k s .
( I n d ic a te s u n lis te d .

H ighest.

H a l l r o a d S to c k * .
ISO
........1 7 0 ' Feb. 177% A pr.
A lb a n y A S a e q a B k a n n a ------- —1 0 '
10
13
9 J a n . | 15% A ujc.
A n n A rb o r............................ — - —1 0 0
Si*
31
22% A pr.
40 Aur.
P r e f e r r e d .....................................—1 0 0
16 2 2% 16% M ay | 2S % 8epfc
B a d a lo R o c h e s te r A P it te b o r y 100
Feb. ■ 66% S e p t
45
60
55
P r e f e r r e d ................................- -100
A pr. I 7 6 A n*.
70
B a r ! le d a r R a p td e A S « r . . . i o n
40 1 31% A or . ! 43 5f.pt.
C h le aso G re a t W est. p re f. A . . . l o o
.1 19 A i m . 33 % S ept.
123 %
P r e f e r re d B ......................— 10o
A p r. 168% S ept.
.1 0 1
H56
CReve o - i * P ltts b a ric . ..
—
:a
.
1% A p r. I IS J a n .
Ool. H o c k V alley A T o l ............1 0 0
j 14 A u u .
46 JuQ .
P r e f e r r e d .......................................10 ■ 14
14% J u ly
9
i 7 A pr.
D ea Moln*» A F t. D o d g e ,......... 10':
70
. 60 J n y i
63 J u n e
P r e f e r re d ......................................10
3
D u lu th vj. m o r e A A tla n tic r - 10
i 3 A p r. ) 4% A p r .
10% A UR.
! 6% M ay
IS*
P r e f e r r e d * ........ . . . . . . — lO o
. 20 J u n e ! 3 4 S e p t.
:2*>
EvauA ville A T e rre H a u te .......... t
43
43 ! 30 J u n e ! 4 5 S e p t.
1’r e W c l
. . . . . . . . . . . . ------ 5>
.
7 J a n e 1 14% A ux.
P i n t A P e te M a r j a e U e . . . — 1 0 0
. 3 0 M ar. ; 4» O c t
P r e f e r r e d . .............................— 10'':
17 i 15 O u t j 20% Sept.
13
F o r t Woi b A B io G r a n d e .........lo o :
| 27% A pr. I 4 0 A ug.
30
G re e n B ay A " M l e r a ........ — lO oj
D eb. e e r tfs . A ............................. 100":
*1
A pr.
9 A uk .
D eb. o.-rtf* B ............................lOOt
S e p t 2',‘7S S ep t
K a n sa e CUT P itta . A G u lf — .UK) 123 f..........' 23
I % A uk .
3*»
4 ' 2 F eb .
K e o k u k A b o a tto tu e e .................. 100
M ar. 2 8 % J a n .
12%: 14 i 12
P r e f e r ra -i, ............................ — to*
J u ly
I 6 A u«.
M ex to a n C e n t r a l........................—.1 0 "
2% A u«.
1
M '-rlc a ii S stim tM l t r . o t l s . . . . . . HK>;
1%
1% M ar.
M o rris %
5*‘l 16ss% 170% 162% J u n e 1 7 0 a u k ,
“ 5 S e p t.
I 70 J a o .
y , 4h, C lia tt. A S t. L o u ie ............lOOl
F e b . 3 2 4 M at
..........2 » 5
K .Y . A H a r l e m ........ .................... 5 "
M ar.
J a n . 123
.V V. LAM. * W e s t e r n ............... 100:
103 * J a n . US* S ept.
P e n n s y lv a n ia . . . . . ..........
- »'•' t 0% m
June
3% Ausc
I
P e > rt» D e c a tu r A K vati*vlU © ,.l(H )
8% A uk .
3
7
3% F eb .
P e o ria A P a s te r n ------ - -----........K » M ay 172% A uk.
V
P itt* , r t W. A C hic, r u f .
100 i m
R e n sa e liie r fc S a r a to x a . . . . 100 181 1 9 6 173 O r t
M ar. 121 % S ept.
R o m e W a te rto w n A O , •V : *
100:
4 % AUK.
« * 3 * I Jane
f l M D U l t C o o t. ro t. t r . e tf*
lo
■S o p rie e F r id a y la te e t p ric e th l* w e ek .
1 A e to a l ta le * .

( \ Indicates actual soles.)
R a n g e (sa le s) i n 1 8 9 7 .

B id.

L ow est.

W lH e e lla u e o u a S to c k * .
A d a m s E x p r e s s ............................... 1 0 0 J156
A m e ric a n B a n k N o te C o I f ..............
A tu c rio a n C o a l . . . . ........ .
. . . . 25 120 14 0
A m e ric a n E x p r e s s ............... . . — 1 00 1117%
A tner. T e le g ra p h * C a b le .......... 100 192
B ro o k ly n 0 n lo n G a a ......................100 1121%
Ohio. J u n o . R y. dt S to c k Y a r d s . 100
C o lo rad o F u e l & I r o n .................. 100 ;ao" 2 0 %
70
P r e f e r r e d ....................
lo o
78
14%
Col. A H o o k . C o a l tr.ro t* .a ll p d . 100
5%
C o m m e rc ia l C a b le ........ ................ 100 170
38
C o n so l. C o al o f M a r y la n d ..........100
46
D e tro it O a » . ................................... 50
51
tid iao n E lec . III. of N . Y ............ 100 123 125
E dison E lec. 111. o f B ro o k ly n .. 100 106 1.0
E rie T e le g ra p h & T e le p h o n e ..1 0 0
Illin o is S t e e l . ....................................100 139
i r
;3S% 41%
L a c le d e G a s . . . —. . — ......... — 10i
85
P r e f e r r e d ........................................ 100
95
40
j M ary lan d C o al, p r e f ...................... lo o
50
'Is c h ix a u -F e n in s a la r O a r u o . . . 100
P r e f e r r e d _______
100
M innesota I r o n ....................
10o 156%
N ational U n s e e d O il C o.............1 0 0 116
17
7
l u t l o n a l S ta r c h Mftr. C o .............100
10
W „w C e n t r a lC o a l............................ 10*
6
8
S . Y * e a s t E lv e r G a s * :...........lOi
P t e f e r r e r t f l ...................
...1 0 * '
4
N o rth A m e ric a n C o ------—. . . . . 1 0 0
13 .
■% 6
i
O n ta rio S ilv e r M in in g ................lo>'
P e n n s y lv a n ia C o a l. .................... so 34 0 3 7 0
166
P it 1m n P a a c e C a r C o ............ ICO 1165
1
3
Q u ic k silv e r M in in g ...... ................. *00
8
P r e f e r r e d . __________
..1 0 0
n
S ta n d a rd d a s , p re f H . . .
100
T e n n e sse e C o al A ir o n . , c e f— 100
l e i — " a o lfle L a n d T r u s t , ........ :0 i
0 . 8 . E x p r e s s ............................... 100
40
49
V e ils P a w n E x p r e s s
.
l o r snow

.....

147% Feb.
42% J u ly
113 A pr.
109% J a n .
85% J a n .
85 J a n .
102% M ay
15% J u n e
73 S e p t.
■% J noe
t
162% M ay
35 Feb.
20 Ja n .
101% J a n .
97 F eb
63% A pr.
29% A p r.
2 2 M ay
7 0 % M ar.
4 0 J ttly
1 0 J u ly
4 2 M ay
38 A pr.
10 M ay
3 M ay
1% M ay
6''% J ’ n e
98 M ay
3% A pr.
3% A ng .
3 1 0 M ar.
152 J a o .
l% .J m ia
. 8 Apr.
102 J a n
6*
A pr.
l! A p r.
37 Feb.
97 J a n .

H ighest.
165
43%
125
119
91
137
105%
27%
85
7%
162%
37%
?4
132%
115%
76
50
49%
96
50
14
01
60
23%
13
8%
97%
120%
e ts
10%
310
185
13
I f tl
80
! 9
1 48
112

O c t.
J u ly
J an
S e p t.
Ju n e
S e p t.
A pr.
S e p t.
M ay
A ug.
M ay
Jan.
O c t.
S e p t.
A ug.
S e p t.
A ug.
A ug
A ug.
M ay
S e p t.
S e p t.
A ug.
A ug,
A ug.
A ug.
S e p t.
S e p t­
A ug.
Jan .
M ar.

c p t.
u ly
•tig .
u ly

NEW YORK STOCK EXCHANGE PRICES.-STATE’ BONDS N O VEM BER 5 .
S E C U R IT IE S .

B id, ; A sk .

A la b a m a —C la s* A , 4 to 6 ___ 1906 109
a m 8 , 5 s..................................190*1 108
C la s s C , 4 s................................... 11*0*1 l o o
C u rre n c y fu n d in g 4s—
..H*2<> 99
A r k a n s a s —6* ,fu a d ,H »! ,1 8 9 9 -1 9 0 0
N on W o lfo rd ........................................
7e, A rk a n s a s C e n tr a l R R ............
L o u i s ia n a - 7 * , e c u * .................. 16*4
S ta m p e d 4 s . . . . . . . — .......................
N e w c o n s o ls . 4 * ___ . ......,1 9 1 :4 : 99

Oet. 550, 1897.
ij j j f t c .
(00« om itted.}

101

101

S E C U R IT IE S .

i
A uk, j

S E C U R IT IE S .

B id.

M is s o u ri—F u a d ................ 1894-1895
'e n n e e e e e —fla, o ld ..........1892 -1 8 9 8
S o r th C a ro lin a —6», o l d .............J A J
6 s,
w b onds—
.1 8 9 2 -8 -1 9 0 0
1900
F u n d in g a c t ...............
Do
N e w s o rle s . ..1 9 1 4
S e w b o n d s, J A J ..........1892-1898
C o m p ro m is e , 3-4-5-68............ 1912
C h a th a m K U .............................
...... ..........ij New settlement3s............. id 13
S p e c ia l t a x . C la ss I . . ...................
R e d e m p tio n 4 s ..........................1907
C o n so lid a te d 4 s . . . ..................1910 102
Do
4% «.................. ....1 9 1 3
..........
«* ...................................................1919 122
P e n ite n tia r y 4 % s..................... 1913
S o u th C a ro lin a —»%% 2 0 -4 0 ..1 9 3 3 103 ..... ▼ Irgluia fu n d e d d e b t, 2-3*___ 1991
ft«. n o n fu n d
1868
1 6 s . d e fe rre d C a t reo ’t s , s t a i n p e d .
1

A sk .

84%

"67

67 %

Reports of Non-Member Ranks.—Returns are now also
[tuHlishts! for the non-member banka. The statement for
October 30, 1897 (the fhvt. issued), is as follows.

llJ om it two ciphers (00) in nil cates.
IFe
\O H pU al R arpC s L o a n s. 'S p e c i e .1 L eg a te. D eposits.
:

B a s t o f N ew Y o rk . *2,000,0 S1.8S2.H sii2 3 m ,o §% i m o f 1,540,0 f 14,060,0
1.162.0 15,023,0
M an h a tta n Co.
H,y7j)
1 4 0 0 4 ! 13.522,7
M erch a n ts'.......
u , r i « . 3 %;m>3
.«». Nanl.-s- . ..
t . m j ) l,434*wf 3 4 i5 .o : 0,473.0
2^04,0; 21,230,2
A m e ric a ..........
»0»*0i 3,590,0
F k e n l x .......... .
XJliHaO
255,0
42,»oc;& 13,806.9 10,352.6, 61,535,2
C U y......... .......
3 6 5 4 ' 2,701.2
T radesm en ’* .,.
2,125,4
;?&?,»!
3 4 0 0 .0 25,052,0
24.333,1 5,311,6
C het" • »1................. !
m U 3 \ 0,147.3
M srohauU ' E x ch ’KS
5,020,8
G a lla U n ,,............
7.0464
S a te h e n ’ A Drov’rs*
Ms- h.*Blcs- A T ra d *
2.064.0
( tT S » :;w l-,b .....................
1,0474:
L eather M annfae’TAi
3,0454'
b e v e a th ...................... :
1 ,7 0 2 4
S ta te of New Y ork.;
3.247.0
2.550.0 17,831,0
A m erican B it.b in g e
23,704.0
C om m erce. . . — ...
2.568.0 17,5784
5,228.3
B roadw ay ........ . . .
9479.2
M e rca n tu e ....... .
2.818.2
T a c t i l e . — ..............
15,1344
R ep ab h o ................
,5,085.1
C h a th a m .......... — ,
2,400,$
10488,2
S o r t 4 4 in V rtc i...
30,050.1
1.000.
0 2.153,3
H a n o v e r.................
2.810.0
$00,0? 345,91 а ,
I r v in * .....................
s'3i»,i>,
2,970 3
800.0
3894s 2,60».J!
O lU seas’ ................
2,948,0
N is s a n .- - ......... .
500.0
2744
2.377.1
000,01 1.024,5;
M arket A F ulton
1.000.0
147,2 ‘ § 4 4
Shoe A L e a th e r..
Corn Sxc&a«ge„
1*
000. 0; 1 , 282 ,
y .m .x
*8:112:1
218,2;
0
O o a^ieaC iii.— . . . . : 1 . 000.
f.,369,(1
35P.'i t . 763.0
308s 7; 1.815,0:
QT\*m%&X. ................ ..j
300.0
-------,
Im p o rte r* '^ Trawrrw 1,300,0 5.557.3- 35,*-26,0 S.7P.7.U 3.757,0; 27,6<)6.0
441)0.2 3S.191.8
f i r k .................. *........ 2.000. 3 48 *X 5!'
0
169,0 1,139,6
BM% R iT sr-----140,6;
250,0,
2.211.5 25,667,1
3400,0; 2,043,3] 'St ,175,1
-.6(0,01 11,414.0
1,000 ,0 !
488, 8 1 б, 86 1 ,6
Oentrml, ............
8 « c « t ( J . ................... ..
01.0 0,365,0
870,0! S.3HA.0;
300.0
507.0! 3.800.0
200 ,9
N in th ...............................
750,0!
3.A01.U
8,330,9 20,832,4
500.0 7,069 8 26,912.1
r im t..
1.281.4
140.3
00.8' l,37.|.l«
300.0
N. Y .N a5’iE -xeh'ite.
682.0 3.413.0
230,0s
000.4! X37A0
296.9 3.201.1
200,0! 428 ,1 i 3.677,9! 6
If«w TmM O m n i
404,
f e r r a a n A ra«?lc*a..
3.779.1
'1
730,0!'
4234
. .a .a a .s .
500:0, 1 4 7 7 4 23,39".: *!.'
8.321.5
ftftb A t l id # ,...,..,
100,0! 1,120,8
7.336.2 M
'1 1 s
9 m m * n W o h m g n ..
2m>,0
6064
3.346,5
5
i ’ i i.i
M
707.3
3,4*16,5j
l
____
200.0*
7104
7 .868.1
$0O,O|
829,2
.......a
7.074.8
300,0
Lincoln ......................
f e
8.057.1
4034
200,0;
........................
216
m m
"
4
B ank of th e M etrop.
f W 8M4.SS.kaks,.
t e
i
8#*bO*r0...............
1,602,0
OtZtbww...........
17,702,8
5,579,0
B 'V iyn..,
Nat- tTjdoo Bank . . .
m h e r t r ^ e i . B ank. V 3.870.6
M *T . M K x d T M
3.724.8
v a .i
2, 497,8
8 k .o f N,Am*t«.rd»in 1'aso !o

liili

KStS iSss
tm

3
-i:I

iJM

V crtala..*...

B id.

till:?

89,033,7 7*,4«0,l ii7,y6o7s l o i i j u i ' 78,9»6Si 626,339,2
I
I
I
I

Dtp, w ith
%

BANKS.
|00S cwalcied.)

1 Sll
NEW York C ctt .
\n to r Plac©.
CllUM ti . .. .. . .......
0*1 ntivl....... ......
fnilillllOa.,. ... ....
E l e m ii h WnrA., ..
F o o rtee n th 8 t _ ____
_
F ran k lin N a t,...... ............
6 - owovoort.. .
...............
H am ll'on., . . . ____ ...
Mom*...
r
H tuiiion R lv © , . . . . . . . . . .
Mo-out M orns
M w nal . . . . . . . . . . . . . . . .
Xinetoon! h W a n t...........
PI.*za.. ..............................
R iv e rsid e ............... .—
8ou*d rti X a t . . . . . . ..........
8 1at0 ................... ............ .
Tw elf It W ard ......... .
Tw enty-f b ird W ard. . . . . .
Xj n \f n 811tt-ir0*................
YorkvlM©....___ . . . . . . . .
Rr o o k l y x .

250.0 834.7 2.174.0 228,2
300.0 32,3 010,0 81,5
60,5
100.0 40.1 531,1
t(vy,4
1100.0 214,4 1.705.1 12?,' I 135,7
100.0 110,8 0,10.5 24,4
100,0 45.1 719,9 12,4
f»30,0 108,0
718,0 8,0 54.0
1,131,2 11,3 95.0 ‘
1,828.8 262,7 10.1
484.2 76,2 40.7
1.011.0 *27,0 61.0 149,0
1 I
1.250.0 71.0 110 , 1.
987.5 29.1 105.2
028.2 21,0 98.8
100,0
1,100,5 11.5 107.5
100,0 1
0,8 33.1
100,0
088,4
3.8 00,5
458.6
200,0
* 1,313,0 01,0 31.0
100,0
' ‘ ,134,1 10.2 115.3
200,0 1
614.5 27.2 78.9
100,0
1 2,000- 54.7 102,1
200,0 2
7 1,020,4 70.3 75.4
100,0 1

V

934.8
1.230,4

. . . . _____ _

Bn a *w ar..............
B ro o k ly n . .. .....................
EtRinii. W a r d ,. .a .. .. .. .. .
Ftlt'li it v e n a e . . . . . , . .. .
Ftifto n .

HlU
513,5

..........*

K ings C o u n ty ------ ------.\faonfa* curera1 N a t . —. .
’
M eebanlcn’. . . . . . . .. .
M echaniOR* & T rad e r*0.
X aseau N *t lo n a L . . . ..
X lit iarial C ity --------------N o rth
............i
P eopled, . . . . . . . . . . . . . . . .
Q,ue»i a CO. (L. I . C ity)..
Soherruei horn —............
¥ f$
S eventeenfh W a rd ,,.—..
Sprague X
rafc-.
T w enty. *
w em y.nix?h W a r d .....
......... .— ..
T7nl»n.
im’S
I
100,0
W allahont.
Ot u k h ( x m m .

F irst N a t,, Je rse y C U y.,
Hnditon C o.N at, J , O ..—
Second N ut.. Je rse y CUy
Third X at , J e rs e y City.
F irst X, t„ H o b o k e n ......
Second X ar„ H oboken—
B ank of S ta te n I s la n d ...
F ir s t N at,, S ta te n Is L —

T otals

4 0 0 ,'
2 5 0 ,'
250 .0 :

200.0

110,0
125.0
25,0

100.0

10.9 09.0 189.4
18.5 138.4 187,9
78.5 51,9 190.5
5.0 24.1 53.0
9 .9 82.1 51.0

886.8 58.7 41.0 1:2?;0
54,f
099,2
'
2.514.0 22 I ? 202 /
107,5

54.9 IS:1 i i l ; l
1.102.0 223.0 128,0 5 3 2 .0
575.0
2,177,0 110.0
050,8
’590,5
50,2 121.0
700,7
113.4 4-5Cl 9
2,5 1 M 12 .5 37.0

2,9il;S

illam

428.5
314.5
488,0

nih
1,344,3

-im
959,5

32,2

57.'> 1,2(5",0
142,0 2,823,0

..... 1,142,9

57,2; 882 ,1
229,2 2,893,7

90,G
.
250,0 200io i
90,9
0,01
“ 2,4 11,6
1,0 50,3

jflo

4 02 ,7
244,7
4 9 8 ,0

THE CHRONICLE.

860

tfO S T O N , E H 1 L A D E L P U 1 A

Active Btocks.
1 In d ica tes u n listed .
A toll. T..& 8. T o .(B o sto n ) .1 0 0
A tlantic A P e c .
"
100
B elt!m ore A Ohio (P a il.). 100
B e lt. City P a ss’ger “
25
B altim ore C onsol. ••
25
• BaltlinoreC onsot.1!(P/lil.). 25
B oston A A lbany (Boston). 100
B oston A L ow ell
“
100
B oston A M ain e.
"
100
Central o l M ess..
"
100
P referred..........
“
100
Ohlo.Bur.A O nto.
“
100
Chlo.M ll.A 8 t. P . (P h il.). 100
O h oc.O A G .vot.to
“
50
OH. S t.R y.o f Indli “
100
F itchburg p ref.. ( B oston) . 100
Lehigh V a lle y .. (P h ilo ..). 50
M etropol’n Str’tfi
“
100
M exican C ent’l ( B oston) .1 0 0
Hew E n g la n d ....
*'
100
P r e fe r r e d .........
“
100
Northern Central (B u i .) . 50
H orthem P aoiflo (P h ila .)lO O
MPreferred. .
“
100
<Id C olony........(B o s to n ).1 0 0
P e n n s y lv a n ia ...(P IM a .). 50
P hlladelph. Trae.
“
50
“
50
B ead in g Co..........
O nion Paoiflcl ..f.Bo»ton>.100
U nion T r ao tio n ..fP A ifa .J . 50
n ia c e lle n e o u * S to c k * .
A m .Sug’r Relln.11 ( B o s to n ) ....
P r e fe r r e d ........
“
B ell T e le p h o n e ..
“
100
B ost. A M ontana. "
25
B n tte A B oston .} “
25
Calnm et A H eo la “
25
Canton C o ........ . (B a lt.) . 100
C onsolidated G as “
100
Eleo.Btor. B a t’yH (P h ila .). 100
I P referred U
“
100
Erie T e le p h o n e .(B o sto n ). 100
G eneral E leotrlo. "
100
P r e fe r r e d ___
100
Illin ois S t e e l . . . .
“
100
L am sonStoreSer. “
50
L ehl'hC oalA N av. (P h ila . 50
H. E .T elep h on e (B o s to n ).100
P a .H e a t,L .A P o w fP A iia .l—
U n it’d G as Im p.ff
“
50
W elsbaoh L ig h t It “
5
W est End L a n d .. ( B oston)
* Bid and ash ed prioes; no

AND

B A L T IM O R E

[VOL. LXV.

STOCK EXCHANGES.
S ales
o f th e
Week,
Shares.

CW“ 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 * .
M onday.
N ov. 1.

H aturdav.
Oot. 30
13%
.........
23*4
219
216
166
10

13%
67
23°a
219
216
166
10

134

T uesday,
N o r. 2

13*8

13*3

96
93*«

58
96%
94

5*4
*94% '9
27
27
101 101
6
*5%

95%
27

95*2
27

80

774

*77*3
18*4
52°g

18*3
5 2 7e

183e
52%
184
57 *8 57*4
71*« 71*4
l l 9 i« 11
2134 21%
10% 10%

II -5%
71*4
l ' 7ia
22*3
11

141
114
257
140%
22*3
457

141%
114
257
1404
22%
460

1414
1134
257*3
140
20*3
460

58
27%
30*3

58
27%
30*3
72
34
85
45
21

34
*82
*43
*20
*44

444

574

27%
*70
*33%
•80

*44
20
*44

130 *
16%
16%
86
86*3 87
44
44
44
• 14
1%
■14
sa le w a s m ade.
164

nactive Stock!.

80
77*3
184
53*4
184
57%
714
11%
23%
11

67
23%
23%
21 9
216*3
165*3

cq
O

3

>

136%
113
25 7
137
19%
46 0
*614
57

100

1

58
944

91*3
8

140%
113*4
259
1384
20*3
46 0
70

1354 1374
110% 113
2 5 4 4 257
1 3 5 4 137
19% 21
224
460 460
460
66
70
58
5 7 4 *57
574
27
27
27%
30
30
72
* 7 0 4 72
* 7 0 4 72
32
32%
33%
3 3 4 33*s
*80
85
*81
85
85
43
43
45
43
434
21
*20
21
20
*20
48
43
43
x43
131 *..........131
131
16%
1 6 4 16%
1680 16%
84% 86
86
86
86
45
45
45
45
45
1%
*14
1%
*14
14
I Low e s t is e x d iv . $ 1 st in sta l. paid.
I
1 2d
142%
114
259
14t

B id .

B oston U n ited Gas, 2 d m . 5 s . .1 9 3 9
99
95
Burl. A Mo. R iver E x e m p t 6 s , J& J
365 270
N on-exem pt 6 s ... . . . . 1 9 1 8 , J A J
P la to 4 s ............................ 1 9 1 0 , JA J
50
Ohio. Burl. A N or. l e t 5 ,1 9 2 6 , A AO
20
24
99
2d m ort. 6 s . . . . . . . . . . . 1 9 1 8 , JA D
10
12
D eb en tu re 6 s . . . . ____1 8 9 6 , JA D
146 148
Ohio. Burl. A Q uincy 4 s „ 1922, F AA
2 4 0 . 260
Iow a D iv isio n 4 s ___ 1 9 1 9 , A AO
36
37
Ohlo.AW.Mioh. gen . 5 s , 1 9 2 1 , JA D
C onsol, o f V erm ont, 5 S .1 9 1 3 , J A J
10
12
Current R iv er, 1 st, 5 S ..1 9 2 7 , AAO
42
44
D et.G r .R a p .A W .,lst4 s,1 9 4 6 .A A O
48
IE astern l e t m ort 6 g ,1 9 0 6 ,M A 8 ..
61**
F ree,E lk .& M .V .,1st, 6S .1933, end,
15
17
U nstam ped, 1st, 6s, 1 9 3 3 ..............
45
46
;K.C. C.&Bprlng.,1 st,5 g .,1 9 2 5 ,A&O
15
20
K 0. F .S .& M . e o n .6 s , 1 9 2 8 , MAN
50
55
!K.C. Mem. A BIr.,1 st,2a,1 9 2 7 , MAS
524
K.C. St. J o . A C. B ., 7 s . .1 9 0 7 , J A J
125 127
;L. R o e k A F t B„ 1 s t ,7 s . .1 9 0 5 , JA J
57
58
L ouis.,E v.A S t.L .,1 st,6 g .l9 2 6 ,A A O
53
1 2 m ., 5—6 g ...................1 9 3 6 , AAO
3%
Mar. H . A O ut., 6 s .......1 9 2 5 , AAO
90
M exloan C e n tr a l,4 g . . . 1 9 1 1 , JA J
18
184
1 s t oon sol. Incom es, 2 g, non-cun.,
____ _
2d oonsol. ln oom es, 3 s, non-onm .
N . Y . A N .E n g ,, l e t , 7 s ,1 9 0 5 , JAJ1
1 s t m ort. 6 s ........... .......1 9 0 5 , J A J
O gden. A L .O .,C o n .6 s...1 9 2 0 ,AAO
In c. 6 s ................... ........ „ . . . ..1 9 2 0
Ru tla n d , 1 s t ,6 s .............1 9 0 2 ,MAN §104
9 2 *a
92
2d , 5 s .............................1 8 9 8 ,F A A § 98
100 100*4
248 249
A tla n tS M ty ls t^ s fg .® lo lb * H A N
49
Buffalo R y. oon. 1 st, 5 s ............1931
2 % C ataw lasa, M .,7 s ____ 1 9 0 0 , FA A
24
2
2 4 Choo. Okla. A G olf, prior Hen 6 s ..
3
5 I G eneral 5 s......................1919, J&J
115 118
C ltlsens' S t.R y.of ln d ,o o n .5 s ,1 9 3 3
Colnmb. 8t. R f „ 1 st, oon. 5 s . . 1932
4
% Colamb. O. Croeetown, ls t.5 s .1 9 3 3
Consol. Traot. o f N. J „ l s t ,5 s .l 9 3 3
97
23** D el. A B ’d B r 'k ,le t , 7 s .l9 0 5 ,F A A 122
23
23e E aston A Am. ls t M ,5 s . 1 9 2 0 , MAN 105
24
6% Eleo. A P eop le’s Trae. sto e k .tr . otfs
44
704
15** Elmir. A W U m ,le t ,6 s .l9 1 0 , J A J . 122
15
1
*«
H estonvU le M. A F., oon. 5 s ..1924
19
20
H u nt. A B r’d T o p ,C n u .5s.’95.A A O
4
** K. C. Sub. B elt lB t 6 s ... 1920, JA D
18
1 8 4 Kan.C. P itts, A G .le t 5 s. 1 9 2 3 , AAO
14*4
L ehigh N a v . 4 4 s ............1 9 1 4 , Q—J
85
35**
2d 6 s , g o ld ..................... 1 8 9 7 , J A D
165 166
G eneral m ort. 4 4 s , g ,1 9 2 4 .Q —F
9
Lehigh Val.Coal ls t 6 s T g .l9 3 C lA J
95
17
18
Lehigh V a lley , 1 st 6 s . . .1 8 9 8 , J A D 104
108 110
2d 7 b . . . . ......................... 1 9 1 0 , MAS 133
127 128
C onsul. 6 ........................ 1 9 2 3 , JA D
1
N ew ark P assenger, oon. 5 s . . . 1 9 3 0
21
22
North P en n. 1 s t , 4 S ....1 9 3 6 , M a N 110
51
52
G en. M. 7 e ....................... 1 9 0 3 , J& J 119
Bonds—
Boston.
P en n sy lv a n ia g e n .6 s ,r ..l 9 1 0 , Var
A t.T op. A 8. F . g en era l g. 4 s, 1 9 9 5
86
884
O onsol. 6 s , 0
............. 1 9 0 5 , Var
A djustm ent g. 4 s, 1 9 9 5 . . . ............
5 2 4 53
2 0K8<J1’,£ S' r: ........... — .1 9 1 9 , Var 121
B oston U n ited G as 1 s t 5 s ........... ...
1 8 5 4 88
O ollat. Tr. 4 4 v............10 1 3 , J& D
._
* Price Includes overd u e ooupons.
II U n listed .
§ A nd aoorued In terest.
P rices o f N o vem ber 5.
A tlan ta & C harlotte (B a lt.). 100
B oston & P rovidenoe (Boston).1 0 0
O ataw lssa___________ (P h ila .). 50
IS
50
1 st p r e fe r r e d ..........
C entral O hio................ (B alt.) 50
C hicago & W est Mich (Boston) 100
st
100
C onnecticut < P a ss.
fc
«
100
C onnecticut R iv e r ...
Consol. T r a c to r N.J.T1 (P hila.) 100
•*
D elaw are& B oundB r.
100
FUnt A P ere M arq.. ( Boston) 100
100
P refe rred _____ c ..
H eston vllle P a sse n g . (P h ila .) 50
*
*
50
Preferred 11...............
u
50
H u nt. A Broad T o p ...
IS
50
P referred ...................
Kan. C’y F t.8 . A Mem (Boston) 100
u
100
P referred .................
L ittle 8ohnytkill........ (P h ila .) 50
100
M aine C entral............(B o sto n ) 1 0 0
Mine H ill A S .H a v en J iV itfa .! 50
“‘
50
N esqnelionlng V a l. . .
“
100
North A m erioan C o ..
“
50
North P e n n sy lv a n ia .
“
Or.8h. L ine all aeBt.pdf B o sto n ) .1 0 0
P en n sylva n ia A N . W. (P h ila . I. 60
.
50
‘
P hlladel. A E r ie .........
R n tla n d ......................( B o s to n ) .1 0 0
100
P referred .....................
“ 100
S outhern......................... (B a lt.) .1 0 0
100
Preferred.......................
" IW
W e stE n d ___________ (B o sto n ).. 50
P refe rred ___________
*'
50
U nited Cos. o f N. J . . (P h
.1 0 0
W est J e r s e y & S e a S h .
‘
50
W estern N .T . A Penn
*
100
.1 0 0
W isconsin C e n tr a l.. . ( B 01
100
P refe rred ......................
*
Worc’st-N ash.A R och.
‘
100
MISCHLLAKBOUS.
.
A U on esM ln 'g .a sstp d fB o sto n !. 25
Amur. Ry. El. L ig h t.. ( P h ila .) .
A 'la n tlo M ining..........(B o s to n ).. 25
B ay S tate Gas H_____
“
50
10
B oston L an d ....................
*
*
25
C entennial M in in g ...
"
25
F ort W ayne E lec t.U ..
“
F ranklin M ining____
“
25
Frenohm ’n ’s B a y L’d .
“
5
K earsarge M ining___
“
25
M arsden C o................... (P h ila .)
O sceola M in in g ....... (B o sto n ) 25
P ullm an P a la c e Car.
100
P e n n sy lv a n ia S te e l.. (P h ila .).1 0 0
Preferred II.. . . . . . . .
“
100
Q uincy M ining............tB o s lo n ). 25
aniaraok M in in g ....
Sj
25
ater P ow er...............
W estlngh. E lec . A M._
50
Prof., c u m u la tiv e .
50

10*3

124

12%

2 ,5 0 0

*13*3 14 4
325
*66% 6 7 4
3,478
2 3 4 23%
55
*23% 24
149
2 19 219
98
*216 218
45
*1654 1 6 6 4
40
*10
11
*56
53
9 1 4 9 3 4 , 27.3 6 1
8 9 4 9 1 4 | 13.000
9 40
7
84

2
95*3 95% 95*8 95*4
954 954
2,151
24% 26
26
26*3
25% 27
925
102 10330 1 0 2 4 1 0 2 4 1 0 0 4 101%
85 0
54
54
5*3
54
'5*4
5*3
*25
30
*
*75
80
80 * . . . . 80
2
*77 .......
*78
79
*77
3 ,9 3 7
18*8
1 7 4 17%
1 6 4 17
18
7 ,3 5 2
49*4 50%
51% 52*3
5 0 78 51%
28
1 8 3 4 1 8 3 4 183*3 183% 184 1 34
2,077
55
55%
55% 56
55% 56*8
1,281
70% 7 1 4
71*4 71*4
714 714
9% 10H 16 3 1 ,2 3 3
10% 113s lO H is 11
1 3 ,8 4 0
213a 2 17* 19% 21
2 178 22*4
1 0 % 107* 10%
1 0 4 1 0 % 3 ,2 9 4
10%

Bonds.

B id .

12% . 13

1
3

6
*

F riday,
N ov. 5

T hursday,
N ov. 4

67
23%
23%
219 219 *217
2 1 6 4 2 1 6 4 216*3
166 166
165*3
*......... 10*3 * ........
58 *.........
94
95*3
934
9 1 4 92*3
91
8
8
7%

104

95*6 96
933s 93%
8
8

134

w
66% 67%
23*8 23%

67
67”
23% 23%
24
24
219 219
216*4 216*4
166 166
*

W ednesday,
N ov 3.

1304
1 1 0 ‘S
2 50
135
194
450
"65
*57

3 4 ,6 1 4
219
47 2
5 ,4 2 0
17,7 2 3
92

574

168
300
230
1 50
1 ,8 7 3
50
190
55
110
18
1 ,4 7 2
4 ,1 9 8
9 92
500
} T rust

26
26
29
29
69
694
303a 32
81
82
40
40
20
20
43
43
126 127
1 6 4 1-64
8 5 4 86
43
43%v
14

14

Instal. paid.

A sk .

100

134%
111
2 55
1 36
21
4 50
70

R an ge o f sa le s In I

9% Apr.
15o. Feb.
9 A u g.
5 9 1* Jan .
17 Jan .
2 1% A ug.
20 9 J an .
205 J an .
157 J u n e
9 A pr.
56 Mar.
e g 1 Jan.
®
6 9 4 Apr.
6 M ay
1 6 Apr.
8 9 4 J u lv
2 0 4 F eb.
101 Oct.
5 A u g.
18 Apr.
5 7 F eb .
6 7 4 Jan .
107s Apr.
3 3 4 Jan .
1 7 6 4 M ay
51 4 M ay
6 6 4 J an .
89le Apr.
5 Apr.
8 4 Apr.

k s?

High*1

L ow e st.
20
17
2
13
12
6
4
2
2
22
26
5
19
7
12
17
18
16
11
«
15
27
30
15
26
3
5
19
12
29

164
100
21
674
234
24
220
2164
170
13
624
1024
1 02
10%
254
95%
324
103%
9*5
40
90
78
214
57
1854
59%
744
14%
274
13%

S ep t. 18
A u g 12
Sept. 2 0
Sept. 15
N ov. 1
N ov. 1
A u g 27
N ov. 3
S ept. 28
A ug. 30
A ug. 3 0
S ep t. 20
Sept. 15
S ep t. 20
J a n . 20
Sept. 20
J u ly 22
N ov. 3
Jan . 3 0
S eo t. 1
S ep t. 1
S ep t. 15
Sept. 15
S ep t. 16
A ug. 23
S ep t. 18
A u g. 6
Sept. 18
Oct. 2 0
M ar. 3

1 0 9 4 Mar. 29
1 0 0 4 J an . 6
2 0 5 4 J an . 4
9 4 4 J an . 2
6 J an . 11
3 2 6 J an . 2
60 Jan. 8
55 J u n e 2
1 5 4 Apr. 22
1 7 4 Apr. 30
63% Apr. 1
2 8 4 M ay 17
6 6 May 18
2 9 4 A pr. 21
1 5 4 J u n e 21
3 7 4 M ay 26
1 01 Apr. 5
13 A pr. 30
7 0 4 M ay 3
3 8 4 A pr. 6
1 O ct. 20
reo .,a ll to sta l.

1594
1214
2 85
1514
314
495
674
624
334
36%
77
41
90
504
234
454
1 35
174
884
504
24
paid.

Sept. 3
Sept. 14
S ep t. 14
S ep t. 2 0
Sept. 2 0
S ep t. 20
F eb . 6
J a n . 15
S ep t. 7
Sept. 7
S ep t. 15
8 ep t. 15
S ep t. 15
A u g. 3 0
F eb . 1
Sept.
S ep t.
Sept.
Sept.
8 e p t.
F eb.

Bonds.
P a. & N . Y . C a n a l, 7 s ...l9 0 8 ,J & D
Con. 5 s ......... ................. 1 9 3 a AO
P eop le’s True, t r u s t certs. 4 S ..1943
P erkiom en, 1 s t s e r .,5 s .l 9 1 8 , Q—J
P h ila .A E r ie g e n .M . 5 g .,1 9 2 0 , AAO
Gen, m o rt.. 4 g . . . . . . .1 9 2 0 , A&O
P h ila A R ead. 2d , 5 s . ..1 9 3 3 , AAO
Oonsol. m ort. 7 s . . . . . . 1 9 1 1 , J A D
Oonsol. m ort. 6 g . . . . . . 1 9 1 1 , J& D
Im provem entM I 6 g ., 1 8 9 7 , A AO
Con. M .of 1 8 8 2 , 4 s . . . .1 9 3 7 , J& J
T erm inal 5 s, g ..........1 9 4 1 , Q.—F.
P h il. W ilm. & B a lt., 4 s . l 9 1 7 , A&O
P itts. O. & St. L ., 7 s . ...1 9 0 0 , F&A
B eading Co. gen . 4 s . . . . .1 9 9 7 , J& J
R ochester R a ilw a y , oon . 6 s ..1 9 3 0
S ch u y l.R .E .S id e.lst 5 g .1 9 3 5 , J& D
U nion T erm inal 1 s t 5 s . . . . . . . F & A

A tla n ta * C h a r? .1*!at 7 a? i 9 0 7 , r * J
,
B altim ore B e lt, 1 s t, 5 s . 1 9 9 0 , M&N
B alt. C. P a ss. 1 s t 5 s . . ..1 9 1 1 , M&N
B alt. T raction, 1 s t 5 S ..1 9 2 9 , M&N
E xtern & im p t. 6 s . . . .1 9 0 1 , M&S
No. B a lt. D lv ., 5 s ........ 1 9 4 2 , J& D
B altim ore & O hio 4 g., 1 9 3 5 , A& O
P itts. & C onn., 5 g . . . . l 9 2 5 , F A A
S ta ten Islan d , 2d , 5 g .1 9 2 6 , J& J
R ece iv e rs’ certificates, 6 s ..J & D
D o. M aryland C onstrue., 5 s ____
D o .P ltts b . & C on n ells., 5 s ..J & J
D o. M ain L in e 5 s .......... ..................
Bal.& O hio S .W .,la t,4 4 g .l9 9 0 , J& J
O ap eF .& Y ad .,8er.A .,6g.l916, J& D
C ent. Ohio, 4 4 g .......... ..1 9 3 0 , M &8
Cent. P a ss., 1 st 5 s ____1 9 3 2 , M&N
C ity & Sub., 1st 5 s ..........1 9 2 2 , J&D
Chari. C o l.& A u g .e x t.5 s .l9 1 0 , J& J
Col. & G reeny., l e t 5 - 6 s .l9 1 7 , J& J
76
G e o r g ia * A la .,ls t p f. 5 a .l9 4 5 ,A & 0
Ga. Car. & Nor. 1 st 5 g . . l 9 2 9 , J& J
G eorgia P ao., 1 s t 5 -6 S ...1 9 2 2 , J& J
9 7 4 Geor. So. & F la ., 1st 5 s .. 1 9 4 5 , J& J
N orth . C ent. 6 s . . . . . . . . .1 9 0 0 , JA J
6 s ..................... - .............. 1 9 0 4 , J& J
70%
S eries A , 5a.....................1 9 2 6 , J& J
4 4 s ...................................1 9 2 5 , A&O
P itts. & C onnells. I s t 7 s . l 8 9 8 , J& J
Southern, 1 st 5 s ................ 1994, J A J
V irginia M id., 1 s t 6 s . . .1 9 0 6 , MAS
2d S eries, 6 s ------- -------1911 M&S
3 d S eries, 6 s ..................1 9 1 3 , MAS
4 th S eries, 3 -4 -5 s........1 9 2 1 , MAS
5 th S eries, 5 s ................ 1 9 2 6 , M&S
96
W est V a, C .& P . 1 st, 6 g . 191 if, J& J
W llm . Ool. A A u g ., 6 s . . 1 9 1 0 , J& D
M ISCELLANEOUS.

1 1 8 4 B altim ore W ater 5 s . ..1 9 1 6 , M&N
109
F u n d in g 5 s . . _ _ ...... 1 9 1 6 , M;&N
E x c h a n g e 3 4 s .......... ..1 9 3 0 , J&J
V irgin ia (State) 3 s ,n e w .l9 3 2 , J&J
F u n d ed d eb t, 2 -3 s.........1 9 9 1 , J&J
O hesapeaxe G as. 6 s ____ 1 9 0 0 , J&D
O o n so l.G a s ,8 s------------- 1 9 1 0 . J& r
115**
5h
_______
_ i ~o

B id.
124
105
99
100

116*3

105
125
133
123
102 S
b
102

11 7

118*4

10 9

82*3

108

1 0 8 ’a

1197s 120
78
113
11 1
10 4
114**
101 **

80
1134
1 12
114%

71
1024 1034
101*4 1 0 1 4
98
50
60
113
113%
109
114
101
81
119
98 4
108
112
115
109
1 03 4
904
111
117
114
97
104
1084
116

113%
115
1 02

814
98%
1084

__ ,

103%
91

_r_.

___
1 .9 4

1224
1 0 5 4 106**
75
77
66% 6 7 4
105%
117** 1 13
109** 1 10

THE CHRONICLE

N oyembeb 6, 1897,]

H6I

HEW YORK STOCK EXCHAXQB PRICES (C ontlaaed)—^a7TI7g BOX PS NOV. 5 A N D FO B T E A S 1 8 9 7 .
J U lU O iD AMD
M b c b l l a x b o o s B o » d* .

TnCst
B a n g s ( t a la ) in 1897.
l t r i o d y .,c . 5. | Lowest.
Highest.

R in.uoA D Aim
MlSCELLANSC) OS BONDS.

I n t 's t ! 0j ° s 9 B ange (sales) in 1897
.in

L ow est.
H ighest.
Feb. ‘n o S e p t. Wools. N . A. & O h.—1 s t, 6 s . 1 9 1 0 J & J .............
111 Ja n . 115% J u n e
Apr. j 86 % Aug. i M a n h a tta n o o n s o l 4 a ........ 1 9 9 0 A ■& O 93%
97% Aug.
8 0 is
7 1 is J a n . ! 84% Aug. M etro. E l e v a t e d . - 1 s t, 6 g .l9 0 8 J A J *1 1 8 %b 91% Apr.
A n n A rb o r.—1 st, 4a, g .,.* .1 0 9 5
116% Ja n . 121 J u n e
A t.X jcA F .—N e w g e n . 4 s . 1995 aV o | 80% , 78% Apr. ! 90 Sept.
2 < t6 s ...................................... 18991 M A N 103
102% Nov.* 107% Apr.
41% A pr. 61 Sept. M ex. In te rn a l* !—1 s t, 4, e.1 9 4 2 % 1 & s
A d ju s tm e n t 4 a ............... ..1 9 9 5 N oe. i 53
Ja n .
B ’w a y A f? th A v .~ lB t« !o a .* .5 £ 4 3 ;J *
120 b. 1161s J i n . 120% Aug. Mloh. C e n t —1 s t ,e o n s .,7 8 .1 9 0 2 M & S •113 1 69 Mar. 73
116 May 119 Apr,
B ro o k ly n E lev . 1 s t, 6 g . , . . 1924 A A 0 1 80
70 Feb. 136% S ept
Oonsol., 58.........................1902 M A N; '105 1 105% Ju n e 108 M ar.
O n io n E le v a te d .—6 g
1 9 3 7 M A X 1 - „ _ , 68 Feb. ♦ 85% Sept. M in n .A S tL .—1 s t oon.5s,g,1934 i t & Nj 105
| 70 May 98% Sept. J*o. K. A E.—l3 t 5 s,g ., go ..1942 A < s O 92 1 100 Ja n . 107% Oot.
B kljna R a p . T r a n s ,. 5 g . .. .l » 4 f t ; A A Oj 88
S
88% M ay 100 S o p t
B k iy m ijiijG fts.ls te O E .ftg . 1945; J A J l l l % a .l 0 5 % Ja n . 115 Aug. I t . K . A T e x a s .—1 st, 4 s , g. 1 9 9 0 J & D
85%
82 Ja n .
87% S e p t
B, S ly a W b r f * W .a - l s t ,5 s ,'g . 15 f A A 100 91 is Mur.
102% Sept.
3d,u ti, g . . . . . . ------ -------1 9 9 0 F A A
59
5*4% May
65% S e p t
B o l t a A P . - G o n . s', i* .1 9 3 7 (M A H, 100%a. 951s Mar. 102 Aug. Mo. P a o — ls r . c o n . ,6 g ........1 9 2 0 51 A N
90 a. 68 M ay 98% Sopt.
Ja n . 113% Ju n e
0 « B a d a S o u th e rn .—la t,S e ,1 9 0 S !J A J 107 <10S
S d ,7 s
................................ 1 9 0 6 M A N 103 %b, 98 Mar. 110 S e p t
2 d , 5 a . . . . . . .................. . .. .1 9 1 3 M A 8 i. 107
l............Mar. 103 Aug.
e i ' s ..
p ao; o f M o.—1 st, e x ., 4 g .l 9 3 8 F A A 101%b, 100 Apr. 103 Ju ly
Cent, of G a.—1st, <r„ 5 a ...1 9 4 fti f & Aj lift% b .,11-2% Feb. 116 N o r.
2 ? b « 5 s ................... ... 1 9 3 8 J A J 10S%b. 100 Apr. 107% Nov.
C o n s., 5 s, g ........................J9 4 5 IM & .N
9 0 b. 90% J u n e 95 Sept.
...
8 tW .A I r .M t.A r k . B .,5a. 1 9 3 5 J A D 103%1) 103 Apr. 107 Aug.
C e n tra l o f N , J . —C o n s.,7 s, 1899 q —
J
105*»b.|101Sg O ct. 103% M ir.
1 s t e x t,, g., 4 % s.............19-17 F A A 107 b 104 Ju n e 107 S e p t
C o n so l., 7 s ...........................1 9 0 2 -M A N ---------- 113% J u n e U 5 M ar.
83%
67% May SO3* S o p t
G e n e ra l m o rtg a g e , 5 X - . .1 9 8 7 J A J 111 b. 1 0 6 M ay 118 F eb.
M o b ile A O h lo —N e w S g ... 1 9 2 7 J A B 122
116% J u n e 122% O o t
L eh.A W ,it,e o n ..7 * ,a s ’d.WKW *1 ~M. 100%
90 A p r. 4 0 4 % F eb.
O e n e ra l m o rtg iig c , ! « . . 1938 M & s
71%
65 Apr, 77% Aug.
"
n w rtg a g e fts .1 9 1 2 M * 5 8 5 b. 75% M ay 9 0 F eb.
N a s h .O h .A 8 tL .—1 s t 7 s ..1913 J & J 131 b. 127% Ja n . 133% Ju n e
A m . D o c k A I m p . , 5 s . . . . 1921 j * J U 5 b. U 3 A u g . 116% F eb.
„ C g n s o l. 5 g ........................... 1928 A A O *103 a
O e n tra l Paolflo.—G o ld ,6 s . 1893 J A J 1 0 2 %b, 100 J a u . 101% J u n e N . Y .C e n tra l—W i'btext.4«. 1905 31 A N 102 b. 98% J u n e 103 Aug.
101% Ja n . 105 Ju ly
E x te n , 5 g ....................
1398 J A J ; 1 0 3 b. 9 9 % J a n . 103% J u n e
1 st. o o n p o n , 7 s ................... 19 0 3 J A J 118%
117% Ja n . 121% A pr.
Che*. A O b lo .- S e r . A , S g .,1 9 0 8 A A O . l t 7 % b . U « % < » ;:. 121% J u n e
g 8|p iL ,» s ,o o u p ., 1 8 9 4 - 1 9 0 1 M A S 108%b. 106 Mar. 112 Aug.
M o rtg a g e, 6 g ..................... 1 0 1 1 A A O 117 * *
* " b. 118 ' Oct. 122% Ju ly
'
£■
A H a rle m , 7 . , r e s . .1 9 0 0 M A N 106%b. 107 Oot. 114 Max.
1 s t 0 0 n * 0 L ,5 g .....................1 9 3 9 M A > 110% 107% Ja n . I l l Sept.
S
. ° 8 '1-- o o n so la, 5s. 1922 A A O 118%
117% Ja n . 121% J u ly
G e n e ra l 4 % s ,g .................... 1992 M A S' 77%
72 Mar. 85% .Aug.
W e s tS h o re g u a r.. 4 s ....2 3 6 1 J & J 109%
Jan . 110% J
B ,* A .D !v ., l* U ;o n .,4 g .l9 3 9 •( A J 101
07
Ja n . 104% Mar. N. Y. C lio A S t. L ,—1 g .,.1 9 3 7 A A O 103%b. 105 Apr. 108 Su n e
103%
ept
90 b, 88 J a a . 91 Ju n e
“
2 d c o n .. I g . . l 9 8 9 J A J
___ 130 M ur 139 Aug.
L a c k . A W.—1 s t 9 S ..1 9 2 1 J & J
O w e. B a r i. * q . —Q o n .? » .n H > 3 J a J ; 117%
115 J a n . 120% J a n e
< ^ n ««;“ oH oa.
" 1 9 2 3 F A A *118%h. 116 S e p t 118% Aug.
f 93
Feb. 105% Sept. N .
D e b e n tu r e ,5 » .
...........1 9 1 3 'M A X' 102
A oO
Y. N. II. A 11.—C on. deb.& tf-. 133 %b. 132% Feb. 142 S e p t
C o n v e rtib le 5 * . . . , . ..........1 8 0 3 M A - *1 »'!%!>. 9 9% M ar. 110% A ug.
N A . O a t A W.—R e f. U , g .1 9 9 3 M A S
96
99 Aug.
88% Ja n .
D e n v e r D iv isio n 4*.......... 1922
» 99 ». 93 F eb . i 01 Sept.
C o n so l., 1 s t, 5 s, g .............. 1939 J A D 108
108% Feb. 111 May
N e b ra s k a E x te n s io n , 4 s,1 9 2 7 'M A N: 9 4
. 8 7 % Jan.
9 5-4 O c t .
N Y.mus. a W, 1 st re f.,5 s , g .l» 3 7 J A J 10 0 %b. 100 Ja u . 107 S o p t
S a n . A 8 t J o » .-C o B A 8 e ,1 9 n :M A . s ' 120 b e l l s
M ar. 122% Ju ly
Q w i. 5 at. . . . . . . . . . .
1<H0 F A A
80 b 68 J ime 90% S e p t
OMe, * E. l i t —1 st,A f.6a-1907 J A D *113 b. 114 Apr. 115 Apr.
M id la n d of N . J ., 8s, g . . . l 9 1 0
A O 17
C onsol 6 g ............... .........193 i A A ■) ‘ I n ' b. 124 A pr. 128% Aug. N or. A W . 8 y .—1 st. o o n t , 4 g . ’96 A A O 176 b. 118% Apr. 121 Sept.
A
67% Apr. 80% S o p t
G eneral c o n s o l. 1 at 5#. .1937 M a Nf 100%
<M% Feu, 103 O c t .
N o .P ao lfto —1 s t, ooup. 6 g .l9 2 1 J A J i l l ) a 113 Jau . 122% Sopt.
Cbloa^.) A E r in —1st, 5 g ,.1 9 8 J M A S'. 100 a : 108% May 112 J a n .
P r io r lie n r y A !.g. 4, g. 1997
00%
92% S o p t
85% Jan .
J 103%
93 Ja n . 105 J ime
O hio. G aa L» A O .—1 8 4 ,5 * .- 1937 J
G e n e r a l U an 3 g ............ . . 2 0 47
57%
61 8
Ob, la d . A L .~ H e f « ,,5 s .lt> i7 J
J | ............. sO Ju ly 83% Sept. S o. PaolH o T e r. Oo—8g ..1 9 3 8 J uA J 103 b 51% Apr. 110 3 8Mep t
97%
O ble, M il A H t P .—0 c a .7 s .1 9 0 5 J
130 b. 128 Ja u . 142 Sept. OWo A M iss.—(Jo 11.a f . , 7 a . 1898 J A J 102 %b. 102 May 106 J u ar.
ne
Aug.
1 « , S o u th w e s t 0 ! v „ 8s . .1000 J
lU»%s. 115% Ja n . 120% J u n e O k lo S o n th e rn —1 s t 6 g . . . 1921 J A W
83% Feb. 90 J a n .
1st, So M inn. Div., a » ,. 1910 J
HO
115% J a n . 120% J u n e
G e n e ra l m o rtg a g e , 4 g .,1 9 2 1 M A N
19 a.
8% Apr. 18 Sept,
116 b. 112 Ja u . 117% J u n e O re g o n lm p r. Oo.—I s t 6 g . . l 9 1 0 J A D 1102 %
i* tC a ,A P a < j.W .W lv .5 * ..m i J A
84% J u n e 108 S e p t
a b le .A M o. K1v .D1 t ..5 « ..1 9 2 6 ,J A
112 b, 106% Ja n . 113 J u n e
C o n s o l, 5 g ........................ 1 9 3 9 A A O * 38
15 Feb. 149 S o p t
W Iso. A M inn., Wt v ,5 g ...1021-1 A
U 3% b. 110% Jan . 115 J u n e
re .R
a r.O
6g
J
J l l l % b . 110 Ja n . 114 Apr,
T e r t n l n s i.b g ................... 1014 J A
113 4 1. 1 lu % J am 115 J u n e O HR. .A N a v . ooo.—1osl,t 4 g .. l 9 0 9 J A U
92 b. 80 Ja n .
A N
ns
1946
A
93 Nov.
10J%
90 Ja n . 104% 'o r . O reg. Sh. L in e -1st,«.■>,*.. 1 9 2 2 F A A 110 b.
M; .4 g ., SS*J«SA, — 1 9 8 9 IJ A
t l U % J a n . 121 J u ly
MU. A Hot,—l* t,e o n .,8 s.l9 1 3 J A f» 120%!).: 118 Ja n . 120 Sept.
1 s t 000. i s . g . . . . . ............. 1 9 1 0 J & J
92
93% Aug.
58 Ju ly
Ohio. A ST. W.—OottsO t, 7 * . 1 9 1 5 q -s
141 b.,140 Ja n . 147 Ju ly
N o n -e u m u l In a. A , 5a. ..1 9 4 6 8 » P t
5* a. 44 J u ly
61% Aug.
iU 6 Ja n . 121% May
Coupon, gold. 7 s ............ 1902 J A W 118
P e n n , C o.—4 % g ,o o a p ........1921 J A J
U 3% b,
W aking fond. 6s ............1929 A A O *116%% I H
Ja n . 120 Aug. P e o , Deo. A E v a n s v .— 6 e .1 9 2 0 J A J 102 b. 109% Ja n . 114% Oot.
92 M ay 104 Feb.
S in k in g f o n d , 5 s . . . . . . . . 1 9 2 0 A A O 1 10%
108% A pr. 113% S e p t
E v a n s . D iv isio n , 6 g ........ 1 9 2 0 M A a 101 %1). 91 J u n e 106 Feb.
Sinking f an d , d eb en .. 5 s, 1033
115 b.1110 % Jau . 117% Ju ly
24
rta ,
1
27% Ja n .
10 May
^VreaJ debeiwreTftA-iSoi MA X*U 3% b, 106 Ja n . 110% Sept, P itta mSoh. Ag eL. 5lig ..................1992160 MVA N *112 % b. 195 Ja u , 109 A ug,
. 1 s t, 5 g
A O 102
E xten sio n , 4 s......... .......... 1926 F A A 104% b.jl01 Ja n . 108 Ju ly P it ts b u r g A W e s te rn —4 * . 1917 J A .1 7 0 b.
68 J u n e 78% O o t
MU. h. Sh, A W., 1st, 6 g .l 9 2 i M A N 132 %b. 131 May 136 Sept. l e a d i n g O o .-O e tL , g, 4s .1 9 9 7 J & J
82%
86% S o p t
80% Apr.
A im p ,, 5 g____1929)F A A l i f t b. 112 Mar. 117 Ju ly
R io G r. W ee te rn — 1 s t 4 g . . 1 9 3 9 J A J
81
70% Mar. S3 % S o p t
132% a,
{ & 1 0 .ai.A P » o ,-8 s,e< ju p ,1 9 1 7 j A J 132%.«. 128 % J»u. 134 J u n e 8 t J o . A G r, 1*1—3 .3 4 a . . 19 47 1 A J
67 b. 82% J u n e 69 S e p t
E x tension s a d o o l, 5 S ...103* J A J 105% t o i % J a n . 108 J a n a S t L , A S a n F r . ~ 6 g, Ol. .8 .1 9 0 6 M A N 111
112 Ja n . 115% Feb.
80-year d e b e n tu re . 5 s . . . 1921 M A -< * “
102
93 _ Ja u . 105 Sept.
G e n e ra l m o rtg a g e , 6 g . . l 0 3 1 J A J 115
108% Ja n . U 8 % J u n e
C hi". S t !>. M, A O . - 8 s . . . 1 0 3 0 J A f) 132 Hb. 128 Ja n . 13 4% S.n*,
G e n e ra l, 5 g ..................
1 9 3 1 f A J 101
94% Ja n . 10178 Aug,
Oliie. T er. Tr&us,, oif#, of p ro p .’
...
43% j 42% Ju ly
47% Sept.
a
ad
71 %a. 02%
73 Aug,
0>«7-ta>r. A W b eel—5 s ... 1933 A A 0 *107 b. 98 May 103 A
lie. a tRUilro So.. 4 g ......................19>J« JM A N ' 70% 59% Ja n . 7 0 % S e p t
A
WT—1 st, 4s, g .1 9 8 0
A
Apr.
G. C. C. A I.—Consol. 7g . . . l u l l J A Dl*132%b. ISO J u n e 135 Oct.
2d , 4«, « tn o o m e ---------- 1039 J A J ' 27%a. 15 Apr.
31% Aug.
_ « e n e n il, o o n so l, < g .. . 1934 J A Jl* l2 7 b. 123% Ja n . 127% May S tP .M .A M .—Wak. E x .,6 g .1 9 1 0 M A N 113 b. 116% Jan . 122% Ju fy
1
0.
0.0*81.1— S tL . Wlv.,4*. 1090 93%b. 90 S e p t 90 % Ape.
M A SI
1 s t o o n s o l, 0 g ...................1933*1 A J 127% 123 Jau . 129 J u n e
P eo ria A E astern , 4s. . .1040 A A O 78 A 68 Ju n e 81 Aug.
“
r e d u o e d to 4 % g . . J A J 1 00 %b. 102% Jan. 107% Ju n e
C o l A 9 th A re . gu. 5», g . 199:1 M A 8| 118 4b. 115% Mar. 120 J u ly
M o n ta n a e x t e n s i o n ^ g .1 9 3 7 J A W
93 b 87% Ja n .
95 Aug.
001.
H. V al.A X t C -C to m jgM & 9 f 73
. 1931
63 Feb. 88% Ja n . Ham A n t A A. P . —la t,4 g .,g u .’43 J A J
63 Aug.
59
54% Jau .
G e n e ra ], 8 g ......................... 1904 J A D 52 b. 4 0 % Feb. 87 Jan .
92 b. 87% Feb, 96 S e p t
So- g a r . A 8 a . - l » t , 5 g . . . l 9 1 9 M A N
D env.A Bio Or. - 1 s t 7»,g.l<Ou M A tf 108
109% May 1 1 3 % Apr. S o .P ao lflo , A r l * . - « g , . . 1909 -1 0 J A J 100
100% Aug.
90 Feb.
l « o . . n - u , l „ i g .................... 1936 J A J
88
87% Ju ly 90 J une S o .P a o lO o ,O a l — 6 g . . . 1 9 0 5 -1 ,' A A 0
108 May 109 S e p t
‘ Ir o n K 'g e - 1 s t , 5 s . 1037 A A O *102
97% J a n e 103% Sept,
1 st o o n s o l, gold, 5 g , . . . . 1 9 J 7 M A N
92% Aug.
89 b. 85 Feb.
D ai. do. 8 b A AH.—5 g . . . . 1937 J A J 10O
99% Ja n . 104 Ju n e 80 . P a o lh o , n . M . — 8 g ....... 1 9 1 1 .) A J 108 b. 102 Jau. 107 S e p t
EMson E l. 111.—ls% co!i.g. 5 s.'9 5 J A J *41*2
1047* ja u . 114% J u n e S o u th e rn —1 s t e o n s, g , 5 « .1 9 9 i J A J 90%
95 S o p t
87% Mar.
E rie — 4, g, p r io r b o n d * .. . . l u in J A J
90
95% Feb.
01 %
E .T e n n .r e o r g . I ie a 4 - 5 e .l9 3 8 M A S
86 May 92% Nov.
G eneral, " -4 ,g , ................. __ J A J 68 b, 8 - 3 3
3 ‘
199B
73 % S e p t
E .T . V. A G .—1 s t,7 * . . . . 1 9 0 0 J A J 108%b. 107% Ja u . 111 J u n e
E rie B y .—1st, eon., 7 g ..l9 2 « m a a 143 b. 139% M ar. 144% Nay.
O ou.5
................ 1956 M A N 108 %b. 107 Jan . 112 Aug.
| « o k , oonsol., * g .1935 A A O * 1 3 l% b 133% J a n . 138 Mar.
1
G e o rg ia P a w ls t 5 - 6 s , g .,1 9 2 J A J 120
107% Ja n . 120 Nov.
F t W. A Wsn. C ity.—4-6 g,1921 J A I) 83
53 Ja u .
78 S e p t
K n o x v , A O h io 1 s t 8 s ,g .. 1 9 2 5 J A J 114% 112 Jau , 116% Ju u e
Gal.H.AHan. An-M, AP.W .lst.Sg M A S
90
83 May 93 Oct.
R ic h . A D a n v . o e n . 6 s ,g „ 1915 J A J 120 b. 117% Jan . 124% J u n e
Gem ia e o trte .d e b . 5 s .g ... 1922 J A W 101%
90% Ja n . 102% Nov.
W
ls o
J
H on*.A T, C e n t gen. 4s, g .192 1 A A 0 78% a. 65% Apr. 79 Nov. S ta ne *atN o .a a reAto ., ns.8.s ,* 1 9 1 4 J A A 59% 111% Jam 116% Ju n e
d rd R op
T 1 t 6 g. 1 9 4 0 F &
Ja
59% Nov.
Illinois C e n tr a l—4s,g. ....1 9 5 3 M A X I0<i a. 99% Ja n . 103 J a n , T e n n . 0 . 1. A R y —T e n . W .ls t, 8g A A O 85 a. 79 J u tie 79% S on .t
89%
p
W estern Lines, 1st, 4s, g .l» 5 1 F A A 102 tt.100% Feb. 105% May
B irm in g h a m W iv„ 6 g .,.1 9 1 7 J A ,1 87%
91 S e p t
79 Apr.
In tA C rrea tN o r.—l» t« s ,g 1919 M A ft 117 b. 117 May 124 Sept. T e x a s A PaoL lo—lust, fi g . .20 0 0 J A D 95 %a. 85% Jau .
96% S e p t
2d, 4 % -5 » ....................... .1909 M A S 86 a 73 J a n .
8 6 % Sept.
2 d , ia o o m e , 5 g . . . . w . . „ 2 0 0 0 M arch
33% Aug.
18 Apr.
26%
----- „
Io w a C M a t r a L - l s t f t g ....1 9 3 8 J A W
97%
88 Apr. 100 s e p t T o l e d o * O h lo O e n t 6 * . .1 9 3 5 J A J 102 b. 102 Mar. 108 Feb.
Kan.C.P A ll - 1 s t A ,-ol.g 5,*23 A A O 79
77% O u t
32% s p t T o L S t L . A E a m a —8 g . ., 1 9 1 6 J & W *182 a. 66% May
9L S e p t
JD ngs Oo. H e r .—ls t,5 g ..l» 2 S J A .1 53 a. 44 Feb. 6 0 % O o t
O n io n Paoiflo—6 * . . . . . . , . . 1 8 9 8 J A J 102
“
191% Sopt. 105 Feb,
Gaoled* G as.—1st, 5 « ,g .,. 19 19 (5—F 100%
93% Ja n . 103% Aug.
E x t s in k in g fu n d , 8 ........1899 M A S 1112 a. 85 Ja u . 1121 S o p t
L ake E rie A W w ,t - 5 g ...,l 9 3 7 J A J 118 b. 113% Ja u . 118 Ju n e
C o lla te ra l t r u s t 4% ........1918 M A N 145 b. 147% Out. t 53 Aug. •
U Shore* r,on,ojp,, I s t 7 s . l 9 0 0 J * J 110%b. l09% Aug. 114 Ju n e
O o lia t t r . 0 s, g. n o te s ... 1 9 0 2 F A A t 41%
40% O o t 103 Ju ly
O ookol, o o n p „ 2 d , 7 fc ___1 9 0 3 J A D
I 20 %b. 119 Ja m 124% Mar.
K a n . P ae,— e b u D l y 0 g . 1399 M A N 119 b. 113% J a n . 120% Oot.
D
, OoM. S%s.......... ............... 1997 .1 A D 10t% b. 102% S ept 101% Nov.
1 s t o o n s o l, 6 * . . . . ........m i s M A N 1 85
167 Ja n . n o s s o p t
I*h.Val.TV*r. - i « t g u ..
m u a A O 109%
106 Apr. 112 Aug.
O . P- Wen. A G u lf,e o n .,5 g. 1 939 A O 48
33 Apr. 53 % S e p t
J
1-ex, i t , A P a v .F .g u , 5 e,g 1993 M A 8 119
115% Mar. 120 Ju ly 0 . 8 , L e a th e r —8 . F -d » .i.ilg .!9 l:i M A N 110 1 . 110 May 116% O o t
)
Long islan d .—Is: o o n „S g.l931 ■
>-J *117 a 113 Ja n . 119 May V i r g i n i a i i M —G en.M ., 6 s. 1930 M & S 102 b. 100 Ja n . 104% S e p t
G eneral n w rtg a g n ,4 g ... 1938'J & i» 90 ».! 78% Ja u .
91 Sept W abakh—1 s t, 6 e . ™ . . . ... 1 9 3 9 M A N 105% 101% J u n e 108% O o t
ILMhk A B a s h .—Con * ,7 * ,.1 8 9 8 'A * o 101 %b 101% O u t 106% Mar.
2 d m o rtg a g e , 5 g----- ,» .„ 1 9 .3 8 F A A 77
81 S e p t
63% A pr.
N .p . A M ablle, 1 s t , 8 g . . . 1 0 3 0 J A J 120% 118 Ja n . 123 Ju n e W est N. Y. A Pia —1st, 5 g .l9 3 7 J A J 107 %b. 104% Ja n . 1 0 9 % Jone
t. Y. P
‘
„
“
3 d , e g . . 1930 J A J 107 b. 08% Ja n . 107 Aug.
G en. 2-3-la, gold------- ..1 9 4 3 A A 0 ‘ 45%b. 43 May 5 0 Feb.
G e n e ra l, 6 * . .......................1 9 3 0 J & D 118 b. 116% Ja n . 119 O c t
W a s tU m T e l—C o lw . 5 s ..1933 J A J 103 %b. 106% Ja n . 109% Nov,
81 b. 78% Ja n .
Pniae«l .4 g .. ................ . . . 194-1 J A J
___ ____________
85 % S o p t Wise. P en t. Oo. 1 st 5s, *. -.1987 J A J t 33% t 2 8 M ay ♦ 40 M ar.

106%b. 106
A iaer. S p irit Mite., 1 st, Sg-llD * M & FS ' 76 b. 7 0
•

A m e r. C o tto n O il, d e b ., 8 g ,1 9 0 0

* o r « , - “ b" In d lra ies (.rice A id / “ a" prloe a sk e d ; th e ra n g e U m ade up from sales.

‘ L a test prtoe th is w eek,

t T ru st receipt*,

NB«r yOBK STOCK EXCHANGE PRICES—{Continued),—IN A C T IV E BONDS N O V
SEC U RITIES.

Railroad Bonds.
( Htoek H xeh a n g e P rk .e s.)
A la b a m a M M .- ls t.,* g u a r . , 1 9 2 8
A to ll. T o p e k a * S a p F ra n .-*

Equip, trust, ser. .v, r,., g . 191.3
C s . c i . g o A S t, L o u . - 1 s t 6 s . 1 9 1 5
Ai’* i * Dane —st, g , 8* ..tpr.oi
>
1
A B fto-.A rp..B > ly»—tm p .g .? i« .1 3 3 4 '

B id

A sk . I

-------|-

t 62%% prin. pd

5.

a f i u u i '. m K t

SEC U RITIES.

B a lt A O h io - 1 s t , 8 e ,P ark B .1 9 1 9
5 s, g o ld .......................................1925

B runsw ick & W*n—1st, g., 4 s .1938
BnfT.R,* P itts .—R .A P .l8 t,6 o .l9 2 1
Rooh. A P itts .—O ons.lst,6e,1922
C le a r.* Mali.—lat,g u .,g .,5 s. 1043
EnlT. A Snuqneli,—1st, 5s, g .,1 9 1 8
Burl. Oed.R ap, A No.- le t, 58.1906
Consol. A o o lia t tr u s t, 5 s .. 1034
M inn. A S t L . - l s t , 7s, g n ..1927
Oed. R ap. 1, F , A N„ lsC 6».1920
1 st, 5 s ....................................1921

! Cons, m o rt., gold, 5a............ 1988

W V a. * P itta .—* s t ,g . , 5 a .. 1 9 9 0
B . A 0 . 8 . W .,la t, g . ,4 % a .. .l 9 9 0
Mo no n . R iv e r, 1 st, g . , g . 5 s . . 191a
O en g JO W d t o o . - I s t 4 % s . l 9 3
‘9 7 A k .* C h ,J ttn o . • l s t . '. 5 « ,g u . l 9 J i
B ro o k ly n E l e w e d ~ 2 < i 5 s . . . l 9 1 5 *80
8 -a s id e A B .B . - la t.g .B s .g n .l <<2

.8 0

Bid,

A sk

126%
*123
*
100%
*108%
*
id s "
105% 107
105

f B E CHRONICLE.

8H2

X J I f f Y O R K S T O C K E X C H A N G E P R I C E S . — IN A C T IV E
SE C U R IT IE S,

| Bid. ! ABk.

BECUKITIEB.

[VOL. L X V .

BONDS— , OcmtinucdJ— NOV. 5.
Ask.

B id.

SEC U R ITIE S.

[ B id.

Ask,

0 . 0 llo —Ool. * 0 1 n .M .lB t,4 % s.l9 3 9 ..........1........... E r ie—(O on.)
1 st, eo n ., ~ f'd, 7e ................1920
---Oent. RR. A Bank. -O o l. g .5 s ,1 9 3 7 . . . . . . . . . .
T erm inal, le t , e. 5 e ..............’.943 1
B. N . Y. A E.—le t , 7 e ............1916
Wtlk.A E a st.—le t ,g td .,g .5 e .l9 4 2 *
97%
Oen>. Ry. Of G a.—
I
1 st, pref. Incom e, g., 5 s .. . . 1 9 4 5 . . . . . . 38
Bud. A 8. W.—Mortg. 6 s . . ..1 9 0 8 ____, _____ N orthern P acific—
13
feftereou—1st, ffu.
5 s . . . . 1 9 0 9 ........ . 1 0 5 1
*
St.P aul A N. P .—G en., 6 e ..l 9 2 3 128 1
2d. pref. Income, g„ 5 b ........ 1 9 4 5
Do hi % RR.-G b .........................1 9 2 2 ..........
9
3d, pref. Incom e,g., 5 s ..........1945
N orfo lk A Sou th ’n —le t , 5 e ,g .l9 4
104 |
OonV <cTinpt.,1 6s. our*oy. 19131 ........ .
S
• Mao. A Nor. 1)1v.. 1st. g., 5 b 1946
N orfolk A W est.—G en eral, 6 8 .1 9 3 , *120 I
N.Y. A Gr’n wM L.—G u .g .5 s.l9 4 6
105)«
M obile D lv ., 1st, g.. 5 b ........ 1946; . . . .
N ew R iver 1 st 6 e............... ..1 9 3 5 115
S v a n s. & T .H .—le t , oons., 6 b.1 9 2 1 112
Im p . A E x t., 6 s ......................... 193
Oent. of N, J .—O o u v .d e b .,6 s 1 9 0 8 ----Ti t , sren^rnl, e., •>£».................. 1942
70
C o l.C o n n .A T e r ..lst,g u .g .5 s.l9 2 2
C ent. Pacific—
* t , Vernon le t 6a......................1923
E xt. c. 5s, series A B O D ..1 8 9 8 '1 0 2
Soioto V. A N. E ,—1 s t,g u .g .4 s .l9 8 9
82
G old 5 s, series E ..............
1898 *102
8nl. Co. Br. 1 st, g., 5 s............19 3 0
Ohio A M iss.—Consol. 7 s ........ 1898
E vane. A Indian.—1st, o o n s ..1 9 2 6
Ssn Joaquin B r., 6 s . ---------- 1900; . . . . .
2d oonsol. 7 s ............................ 1911
F lin t < P. Maro.—M ort., 6& ...1920 110 % 111
fe
Mort. gold 5 s .............................1939! . . . .
S p rin g.D iv.—1st 7 s .................1901- i o o "
88
L»nd grant, 5 s . g . . . . .............. 1 9 0 0 * ...., 100
le t , oon. gold, 5a......................1939
G eneral 5 s ...................................193
78
76
P t. Huron D iv .—1 st, 5 e ___1939
0*1. A O. l)iv ., e r t ., g. 5 e ...l 9 1 8 ; ----Ohio R iv er R R .—D t , 5 e........... 193
i’'
02
West. Paolllo—B o n d s ,6 s ....1 8 9 9 j . . . . .
Fla. Cen ifcPen.—l a t g . 5e---- 1918
| G en, g .,5 s . . . . ........................193
N i. R ailw ay (CaM—l e t , 66.1907; . . . . .
le t, 1. g.. e x t. g., 5 s . . . . . ........ 1930
59
Om aha A 8t. L ouie.—1 st, 4 e ..l9 3 "
50-year 5 e___ . . . ____ .....1 9 3 8 1 87
l e t oon. e., 5 e ................
1943
O regon A C alifor.—1 st, 5 s, g . 192
59
Oent. W ashington—1st, g., 6 s.l9 3 8 [ . . . . .
Ft. W. A Rio Gr.—le t, g ., 3-4a. 1928
Oregon Short Line—
Chaa. & Sav.—1 st, g ., 7 e ..........19361 . . . . .
Gal. Har. < San A n t.—1st, 6 8 .1 9 1 0 *106
fe
I U tah A N orth.—l» t , 7 e . . . . . . 190* 11 5
Oh"". A O.—P ar. M. fn n d , 6 s . 1 8 9 8 ‘ 102)2 1 0 4 *2
2d m ort., 7 b ..................... . . . . . 1 9 0 5
G old, 5 s ...... .......................1 9 2 '
105k
“ ‘ V alley—l e t , g . 5 6 ....1 9 4 0
_
Ga. A Ala., le t, pref., g. 58. .1 9 4 5
O ialg -----! N on-eum . ino. B. and ool. tr u st.
36
l
Warm B p r.V a l., 1 st, g. 5 » . . 1941
Ga. Car. A N or.—1 st, gu. 5 s , g .1 9 2 9
P enn-P.O .C . A S t.L .C n .g.4),8A 1 «*> 109
2
E lla. U Big S an d y—G, 5 8 .1 9 0 2 100
H onsatonlo—Cons, gold 5 s ___1 9 3 7 121
Do
do
S eries B 1942 109 1 0 9 ’®
......
01 ee. O. A 8 o. W est.—l e t 6 s, g . l 911
N. H aven A Derby, C o n s.5 s ..l9 1 8 112
109
Do
do
S eries C 1942
t d , 6 e ...................................... ..1 9 1 1l ........
H ons. A T ex . C.—W aooA N .7s.1903
Do
do
Series D , 4s, 1945
3 iu % ..........
Okloago A A lton—8 . F ., 6 e ---- 1903
1 s t g ., 5 s (lnt. g t d ) ............. .1 9 3 7 110
P .C .A 8 .L .-le t,o .,7 e .................. 19c
0
D a le . A Mo. R iver—l e t , 7 S.1900 109H I l l
Cons. g. 6 s (lnt. g td )..............1912 103
P ltte. F t. W. A C.—l e t , " e ...191: •138)«
3
»d, 7 e........................................ 1 9 0 0 .........
Illin ois Central—le t , g., 4 e. ..1 9 5 1 113
2d, 7 e ....................................... 1 9 1 : 1 3 7 14
99
St. L. Jaoks. A CMo.—2d, 7S.1898 .......
3
le t . gold, 3% s........................... 1951
3d, 7 s ........................................ 1911 132)3
2
M sa.R. B ridge—l e t , e. f .,6 e .l9 1 2 . . . .
........
Gold 4e .......................................1952 102 1021*
O h.St.L.A P.—1 s t,oon .58,g . . . 1931 *117
8
Ohio Burl. A Nor.—1 4 , 5 s ___ 1926 ..........
2 -1 0 g., 4 s .................................. 1904
Olev. A P .—Cone., e. f d .. 7 e .l9 0 ( 107
Ohio. B urling. A Q__ be, e. f.,1 9 0 1L ‘ 103
Cairo B ridge—4 e ......................1950
Gen. 4)«s, g ., “ A” ...............1 9 4 !
3
ow a D lv .—81nk. fn n d , 5 e .. 1919 *....... 110
Springf. D iv .—Coup., 6 e ___ 1899
Do
do
S eries B 1942
)
Sinking fu n d ,4 s .............. 1919 ........ 1001*
M iddle D i v —R eg., 5 s............1921
St. L .V .A T .H .—l8 t,6 8 .,7 e .lM 9
"lain, * e ...................................... 1921 ........
O. 8 t. L. A N . O.—
2d, gu ar., 7 s ............................1 89
Ohloago A Iow a D lv .—5 e ...1 9 0 5
Gold, 58, o o u p o n ...............1 9 5 1 122
G d.IL A I.E xt.—lst,4 J ss,G .g . 1 9 4 ’
.........
O slo. A Indiana Coal—l e t 5 e . 1 9 3 6 io o '
Memp, D iv., l e t g. 4 s ........1951
A lleg.V al.—G en., gu ., 4s, g .1 9 4 2
Chi. Mil. A 8 t .P .—le t ,8 e ,P .D .1898 • 1 0 2 %
Ind. Deo. A W.—1st, g ., 5 s . . ..1 9 3 5
105
N .A C n .B d g ., g e n .g u .4 ),8 .g .l9 4 5
2d, 7 3-10e, P. D ......................1898 101
Ind. Die. A Iow a.—l e t , g, 4 s .. 1939
90
P en n.R R .—1 st real, e s t g. 4s.lS )23
140 ^
le t , 7e, 8 g ., R. D ......................1902 . . . .
le t , e x t., g. 5 s ............................1943
Cle. A Mar’ta—ls t.g u .g .4 )a s . 1935
U0>4 ln t. A G. N’n .—3d, 4 s, g ......... 1921
le t , 1. A D .,7 e ......................... 1899> . . . .
44
D. Riv.RR.& Bdg—le t .g u .g .4 s .’36
l e t ,C. A M „ 7 e ......................... 19031 139%
K in g sC o .-F .E l.,l8 t,5 ,g .,g u .A .1 9 2 9
P eoria A P ek. U n io n —1st, 6 s .1921 112
le t , I. A D . E x t e n s io n ,7 e ... 1908 139
Lake Erie A W e s t—2d g ., 5 e .l9 4 1 1C 2 103
.
2d m ortg., 4 ) , s ..........................1921
>'1 1 3
le t , La C. A D a v ., 5 e .............. 1 9 1 9
9 9 1 100
*
N orth’n Ohio—le t , gu. g. 58.1945
P itta. Cleve. A Tol.—l e t , 6 s ... 1922
130
le t , H .A D . , 7 s ........................1910»
L. 8 . A M.Sou.—B .AE.—N ew 7 s . ’98 102*4
P itta. A L. Er.—2d g. 5 s , “ A ” 1928
le t , H . A D . , 5 s ........................1910 107
D et. M. A T .—lB t,7 e ...............1906 123 125
P itts. Mo. K. A Y .—1 st 6 s ........1932
Chicago A P acific D lv ., 6 s . .1 9 1 0 119 122
Lake Shore—D iv. bonds. 7 s . 1899 104**
P itts. P ain sv. A F .—1st, 5 s . ..1 9 1 6
Mineral P o in t D lv . 5 e ............1 9 1 0
.... Cin. A 6 .—lst,g u .L .S .A M .S .7 s.’01
P itts. Shen.& L .E .—le to o n .5 e.1 9 4 3
0 . A L . 8 up. D lv ., 5 e ............. 1921 114
Kal. A ll. A G. R .—l e t gu . 58.1938 120
P itts. A W est.—M. 5 s ,g ,1 8 9 1 -1 9 4 1 ‘25
*115
kargo A 8 o u th ., 6 e, A s e u ...l9 2 4
M ahon’g Coal RR.—1 st, 5 e . 1934 *120
P itts.Y ’g st’n&A.—1 st, 5 s ,o o n .l9 2 7
Ino. oonv. elnk. fn n d , 5 e ___1916 * io tm
L ehigh V ..N .Y .—1 st g n .g .4 % s.l9 4 0
R io Grande 80 .—1 st, g., 3 -4 s.l9 4 <
48
D ak ota A Gt. South., 5 e ___1916 m %
Lehigh V’y Coal—I s t 5 s ,g u .g .l9 3 3
St. L. A. A T. H .—Term . 5 s . .1 9 1 4 105%
MU. A Nor. m a in lin e —6 e . . . 19101 120% 1221* Lehigh A N.Y.—le t, gu. g. 48.1945
94
90
B ellev . A Car.—1 st, 6e...........1925 115
*113^
Ohlo.ANorw.—30-year deb.Ss. 1921
E lm ir a C .A N .,le t.g .l8 tp f.6 s.l9 1 4
O hi.St.L.A Pad.—1st,g d .g .5 s 1917 103%
B ecanaba A L. 8 . l e t , 6 s ___1901 ........
Guar , gold, 5 e..................... 1914
St. Louie 80 .—1st, gd. g. 4 8 .1 9 3 ) •90
Dee M. A M inn.—le t , 7 b___1907 ........
—Itobf. Car.A W est.—l e t 6 s. g .1 9 1 6
do
2d in c o m e ,5 e .1931
Iow a M idland—le t , 8 s ..........19 0 0 ....... ......... L ittle Rook A M.—1st, 5 s, g .,1 9 3 7
Oar. A S h a w t.—1st g. 4 s ___1932 *90
Ohio. A M ilw aukee—l e t , 7 s . 1898 ........ ......... L ong I s la n d St. L. A 8. F .—2d 6s, g., ol. A 1906
114
Win. A 8 t. P .—2d,*7e............. 1907 *123i*
l e t , 7 e ......................................... 1898 101
2d, 6s, g., c la ss C .....................1906 113% 1 1 4
MU. A Mad.—1 st. 6 s ............. 1905
.....
F erry, le t , g., 4 )* b................. 1922
93
l e t , trust, gold 5 s ................. 1987 *88
Oft. O. F. A 8 t. P.—l e t , 5 e . 1909 109
Gold 4 e....................................... 1932
F t. 8. A V. B . B g .- 1 s t , 6 s . . .1 9 1 6 105
■ orthern 111.—1 st, 5 e .......... 1910 109
.........
N. Y. A R’w ay B .—l s t , g . 5 e .l9 2 7
K an sas M idland—1 st, g .,48.1937
MIL L. 8 .AW.—C on.deb.,5S.1907
......
2d m ortg., in o .......................1927
8t. P anl City R y, o on . 5 s, g .,.1 9 3 7
M lo b .D lv ., l e t , 6 e...............1924 *131
N .Y .B .A M .B .—ls t e o n . 5 s,g ,1 9 3 5 104
Gold 5e, g u a r ............................Iy 3 7
A shland D iv isio n —le t , 6 s 1925 -131
Brookl’nAM ontauk—1 st,68.1911
St. P aul A D u lu th —1 st, 5 s ___1931 *115
Oh, R .I.A P—D .M .A F .D .le t 48.1905
35
le t , 5 e ...................................... 1911
2d m ortgage 5 s ..........................1917 102 % 106
l e t , 2%s.................................. 1905 *6114 .........
No. Shore Br.—le t e o n .5 s ,g .l9 3 2
Bt. Paul Minn A M .—2d M, 6 s .190!* 118
120
E xtension, 4 s .......................1905
joule. Evans. A 8 t. L.—Con.5e .1 9 3 9
32
M inneap. U n ion —l e t 6a .. 192
Keokuk A D ee M.—le t , 5 b . . 1923 *1021* ......... antis. A N ash .—Cecil. B r, 7 s . . 1907 104**
M ont. Cen.—1st, g n a r., 6 s . .1 9 3 7 120 |...._
0 i 'o. 8 t. P. A M inn.—l e t , 6 b .. 1918 *127
E. H , A N ash.—l e t 6 b, g ___ 1919
1 st guar. g. 5 s ........................1937 1063s 106%.
8 *. P anl A 8 . 0 .—l e t , 6 e ........ 1919 *128
132
P en eacoia D ivision , 6 e ..........1920 103
E a st. M inn., 1 st d lv . 1 st 5 s 1908 107%
Ob'c. A W. In d .—l e t , e. f., 6 e .l9 1 9
8 t. Louie D ivision , le t , 6 8 ...1 9 2 1
W^n arA S lou xF .—1 st, g ,5 s .l 9 3 “ 109%
Gen.
6 e — ...........................1932 *118
—
2d, 3e
................................ 1 9 8 O
San Fran. A N . P .—le t .lg ., 5 s .l9 1 S 101
Ohio. A West. Mloh.—5 e ..........1921
N aehv. A D eoatur—1 s t ,7 e . . 1900 107
Sav.F l. AW est. - 1 s t , eon. g .6 s,1 9 3 4
Otn Ham. A D .—Con. e. f., 78.1905 ......... ..........
8 . f ., 6 e.—8 . A N. A la ...............1 9 1 0
Seaboard A R oan ok e—1 st, 5 s 1 9 2 6
t d , gold. 4)*e........ ...................1937
50-year 5a, g .............................. 1 937
97 |8 ea t.L .S .A E a a t.,lst6 s,a a st.p d l9 3 L
35
Otn. D . A Ir'n—le t ,g o . 5 e ,g .l9 4 1 109
P en s. A A t .- l e t , 6 e, g o ld .. . 1921 100
Southern—A la. C ent., 1 st 6 s . 1918
City A Bub. (B alt,)—le t , g., 5a. 1922
P I ' S 4*p b s t . Ss, g .................. 1931
99 h 101
i
A tl. A Char.—In co m e, 6 e . . . l 9 0 0
O lev.A k. A Col.—Eq. A 2d 6 e .l9 3 0 ..........
L.A N . A M.&M.—le t,g .,41*81945
Colum. A G reen.—1 st, 5-6s 1916
C lev.A C an .- T r .ctfs.fo rlet5 a .1 9 1 7
70
N ash flor.& S,—1st, gu ., o s . 1937
89
E. T enn.V . A G a.—D iv ts.5 e 1 9 3 0 115
0 . 0 . C. A 8 t. L .—G en., g. 4 e ..l 9 9 3 ___
80
8 0 .A N 0 .A la., con. gu. g., 5 8.1936
92t»
Rioh.A D an .—E q . s. f. g . 5 s 1 9 0 9
Cairo d ivisio n , 4 s .................... 1939 *____
90
K entucky C en tra l-4 8 , g . . . 1 9 8 7
D eben. 5 s, s t a m p e d .......... 1927 TOO 101
S p r in g ^ Col. D lv .—le t,g . 4e. 1940
L. A N .—Lon.C .A L.—g. 4%r,.L931
Vlr’a M id .—S erial se r.A , 6 s . 1906
W hIteW .Val.Dlv.—le t,g . 4 s. 1940
- b .A . eU. Edge Co.—G n .g,4e. 1945
S eries B , 6 s ..............................1911
Oln.W ab.AM .Dlv.—l e t ,g. 4 s .1991
S e n e s 0 , 6 s ......................... 1 916
Din. I. St. L. A C.—I e t,g „ 4 e .l9 3 6 *993* ....... 1
S eries D , 4 - 5 s ........................1921
0 > n e o l,6 e .................
1920 *1171*
109%
Series E , 5 s ........................ 1926
Cln.Ban.ACL—C o n .le t,g .5 e , 1928 *110 ......... ] nexioan Lent. Consol.-— b, g.1911
4
S eries F , 5 s ..............................1931
Indiana B. A W.—l e t p f.7e.1900 100
le t , cone, incom e 3e, g ..._ „ .1 9 3 9
G en., 5s, guar., stam p ed . 1 9 3 6 102
’
Ohio tnd.AW .—I e lp " e f .5 a ..l9 3 8 . . . . .
2 d cons, incom e 3 s, g ___ .. 1 9 3 9
Wash.O.AW.—1 st ou r.g n .4 s.1 9 2 4
P eer. A E a st,—Inc om e 4e ..1 9 9 0
20
1le x lc a n N ational—l e t ,g ., 6 8 .1 9 2 7
Sunbury A L e w is.—1 st, g., 4 8.1936
0 . Col Cin. A In d .—le t , 7s,e.1.189b *103%
2 d , in com e, 6 s, “A” ............... 1917
Ter. A s’n of St. L.—1 st, 41*8.1939 *109
CJoneol. sink, fnnd, 7a............1914
2d , Incom e, 6 e, “ B ”
1 91 7
1 st, oon. g. 5 s ................ 1894-1 9 4 4 106%
Cln.ABpr.—let,C .C .C .A t.7a. 1901
aiDobigan C e n t r a l-6 8 .._ ..T .’l9 0 9
CJleve. Lorain A Wb.—le t , S e.1 9 3 3 *107
8 t,L .M er.B r.T er m .,g .5 s,g u ..l9 3 0
C oupon, 5 s ... . . . . .
i q ^i
T e x a s A N ew O rleans—1st.7 8 .1 9 0 5
C leve A M ah. V .—C old . 5 S ...1 9 3 8
......
M ortgage 4 s ........... . . " [ ' . " " l l t o 107
SaDine D iv isio n , 1 st, 6s
1912 105
001. Mid. l e t , g ., 6e. a se td ___1936 *02’
Consol. 5 s , g . .................. _ . . . ] l 9 4 3 •96
Tr. etfs., oon.,4»,2d aee'tp(L 1940 T 5% 17
hlin n . A 11. L.—le t , g . 7 b
ig
142 149% T ex. A P ac., E. D .—1 st, g. 6 s,1 9 0 5 105
D el. Lack. A W.—
lo w s 1 x ten sio n , l s t , 7 s . " ” l9 0 9 ‘124 126
Third A ven n e (N .Y ),—i s t 5 s , 1937 123%
M ott. 7 s ........ ............................. 1907
Sou th w est E x t.—1 st, 7e........1 910 >121
T.AO.C.—K am A M . Mort. 4 s. 1 99 0
8yra. B ing. A N . Y,—le t , 78.1906
76
Paoitlo E x t,—le t , 6 e .
1921 118%
Tol. Peo. A W est.—1 st, g ., 4 s 1917
Morris A E s se x —1 st, 7 s ___1914 ....... .......... &
70
Bonda, 7 s .................................1 9 0 0
i f ATXV rl8 t’,eXt-’ Si£ g l l 9 4 4
U lster A D el.—1 s t ,e o n .,6 .,5 s . 1928 101
.....
80
U nion Paoitle—1st, 6s . . . .
1896 102
Te of 1 8 7 ) ............................... 1901 •IT T
n i ? * w lty * , p - . l 8t ,4 e ,g ? .1 9 9 0
l e t , con;, gn a r., 7 e ............. 1915
,i 8 *> ®8................................... : : : : i8 9 7 102
D al. A W aco—1 st, 5 e ,g u „ ,.1 9 4 0
80
1899
1 s t, 0 8 .........................
Warren—2d, 7 a ........................1 9 0 0
! ! ! . . *3
liesourl P a o ilio —t t u s t 5 s . . .1 9 1 7
72
C ollateral T rust, 6 s . ............ 1 9 0 s
D. AH.Can.—P » .D lv ..o o n p .7 e.l9 1 7 *113
1 st COll., 5s, g . . . . . . .
lo a n
60
70
C ollateral Trust, 5 s .
" " l9 0 7
A lbany A Bneq —le t,g n .,7 e ,1 9 0 6 ........
.... M
,Sr>1 AOblo—: st e x t., 6 s " ! l 9 2 1|°
1
117
l e t , oons., gn a r., 6a........... 1906
K an sas P a o if l c - l s t 6 s, g ! : .' l 895 111
,
B e r s. A Bar. le t , lo o p ., 7 e .l9 2 1 . . . . . . - — M t* L. A Cairo—4s, guar........1931
v, 1wt ' n ’ d ' ' ‘A*................... ™1896 *115
1 st, 6 s . . ..1 9 2 0
D e n e . Tram w ay—Cone. 6e, g .1 9 1 0 a ....
.....
l e t , 7a........... .‘
50
1
....................1918 126
MetropoL R y —le t,g u . g .6 s .l9 1 1 . . . .
A toh. Col. A P a c.—1 st, 6s 1905
.... a
30
110
D eny. A R. G .- I n p g .,S e ...l 9 2 8 .......... 87% N
U- P . Lim A Col. 1 s t ,g., 5s." 1918
32
D et.M . A M.—L. g.
« s,ser.A ,l9 1 1
W abash—D eb en tu re, 8 er. A 1 939
18
N
D et. A M ack.—l e t lie n , 4 s ,g .. 1995 •*—
D e b en tu re, S eries B
’ 1 939
....
•
27
104
4 s, g old ........................................ 1995
D et. A Ohio. E x t. 1 st, 5 s, g " l 9 4 C
104
E r ie 8t. L.K .C .A N .—8 t.C .B d g e 6 s.l9 0 8 108
1 0 8 ), W est N .Y .A P a.—Inoom e 5 s 1 943
le t , e x t g. 4 e ........................... 1947 1 1 0 .
Oew. A Rom e—2<f, 5 s, g .g u ’ 1 9 ?5
2d, e x ten d ed , 5 e ................ ...1 9 1 9 119% 123
W est. Va. O. A P itts.—1 st, 6 s . 1911
U tloa A Bl. R i v . - i e . ’/ ’I S . 1 9 - - * 1 0 7 ),
8d, ex ten d ed , 4>es....................1923 112% 1 15%
W heel.A L . E . - l s t ; 5 s , g o ld . ..1 9 2 6 *91
4th, exten d ed , 5 s— ..............1 9 2 0 119 12 2
W h eelin g D iv ., 1 st, 5 s, g .,.1 9 2 8
N
5th A-rt»Tiri»d, 4a. . . .
E x ten sio n A Im p , g., 5 s____1 9 3 0
105% . . . N Y. A N orthern—le t , g'h a iqov
N
1 1 8 ), 123
WIs. C en t. Inoom e 5 s ............ ..1 9 3 7

*
8

102)*

102)®

5G
i*
102^

100

126

100
100

391^

*1071*
1021*

111

loeifl

110

102
100

^

73....... 1895

100

• No price F ilf 'a j ; these ate t t e .l a t e e t qnotatlone tra d e th is week.

rHR CHROMCLK

NOVEMBER 6 i»»7.j

J u u e s tm e u t
AMD

Ro a d s.

863
L a te s t G ross E a r n in g s .

W eek o r Mo j 1897.

1896.

J a n . 1 to L a te s t D a te .
1897.

1896.

s
tln tero o . (M ex.) W k.Oct. 1 6 ' 5 6 ,0 0 0
4 2 ,9 0 0 2 ,0 6 1 ,6 9 2 1 ,8 0 7 ,3 6 4
Io w a C e n tr a l... 4 th w k O o t.
54.8 5 8 5 0 ,4 2 6 1 ,3 9 6 ,0 4 6 1 ,-6 7 ,2 1 8
Iron R a ilw a y . ..S e p te m b ’r.
4 ,1 3 1
2,517
2 7 ,7 7 3
33,7 5 5
Jack. T. A K. I t . Septem b'r.
2 0 .8 5 8 2 2 ,3 1 4
2 2 5 ,9 5 0
2 3 5 ,2 7 2
Kaaawha& M loh Itb w k O e t
1 5 ,3 4 4 14,7 0 9
4 3 3 ,1 3 8
3 7 7 ,4 5 3
K .C .F .Scott AM. 3d wk O ct.
9 6 ,3 7 5 8 9 ,8 0 7 3 ,8 3 9 ,1 1 8 3 ,5 2 2 ,0 9 9
R A IL R O A D E A R N IN G S .
K .C .M em .A B tr. 3d wk O e t
2 3 ,7 1 0 2 6 .6 7 2
916,584j
9 0 7 ,0 0 2
3 0 ,9 1 9 2 2 ,5 6 0
T h e f o l l o w i n g t a b l e s h o w s t h e g r o s s e a r n i n g s of e v e r y K an .C .N . W ---- S ep tem b ’r.
2 5 1 ,7 9 6
1 96,441
Kam C fty A Om . 3 d wk OotJ
8 ,7 9 6
4 ,3 1 0
1 8 7 ,2 1 5
87,7 8 2
STEAM r a ilr o a d f r o m w h i c h r e g u la r weekly o n monthly returns
K.
O .P ltts. A G .. it h w k O c t .
89.8 7 12 4 f1,8 7 M 9 3
l M 1 ,2
2 8 ,7
6 1 8 ,3 6 4
c a n b e o b t a i n e d . The f ir s t t w o columns of f ig u r e s g i v e t h e j K an.C .Sub. B elt it h w k O ct i 13,791
7,550
4 2 2 i5 6 5 l
2 8 9 ,9 6 2
g r o s s e a r n i n g s f o r t h e l a t e s t week o r m o n t h , a n d the last t w o K e o k u k * W est. 3d w k Oct.
8 ,6 8 4
8,028
3 26.967i
3 1 8 .2 2 5
3,852
4,405
4 5 ,4 0 9
c o l u m n s t h e e a r n i n g s f o r t h e p e r io d f r o m January 1 to and L. Erie A ll A 8 o. 8 ep teiu b -r.
4 2 ,4 0 2
L. E r ie & W est, it h w k O c t
89,7 6 2
9 7 ,0 5 6
,8 4 1 ,9 0 5 2 ,8 1 4 ,6 0 0
in c lu d in g s u c h la te s t w e e k o r m o n th .
Lehigh * H u d .. S ep tein h ’r.
3 6 ,7 5 0
3 0 ,9 1 3
2 7 1 ,6fe0!
2 9 2 ,7 2 0
The returns o f the street railways are brought together sep JL ehigh Val. R R . Septem b’r. 1 ,7 1 2 .6 7 5 1,817,569
Lch. V .C oal Co. 8 e p te m V r .il,7 1 6 ,n o i l , 5 8 3 ,5 3 3
a 'jtetu on a subsequent page.
L ex'gton A E a s t A u g u st ..
17,182 14,326
1 3 8 ,7 0 9
1 3 8 ,8 8 0
4 3 7 ,9 9 1 ----------- 3,132,6551 3 ,0 7 9 ,3 6 6
3 9 0 ,8 5 3
J o n . 1 to L a te st D ate■ I L ong Isla n d . . . . Sep tem b ’r.
L a te s t O rate L a m i n g t .
Los A n g. Term S eptem b'r.
8,<147
6,147,
72,5 2 3
68,7 8 1
R o a d *.
L o u ia .E v .A S tL 3,1 wk O c t
33.691
31,197; 1 ,1 7 1 .7 8 9 , 1 ,2 4 3 ,4 9 7
1697.
18 9 7 .
1896.
1896.
! W eek o r Mo
Lon. H. A 8 t .L . 3,1 wk O ct.
11,835
8 ,0 8 0 ■ H0 1,121 H H 7H ,9 5 2
4 H H
3 2 B .
L ou lsv.A N ash v. it h w k O c t 61 J.(iso 6 4 5 ,0 4 5 1 7 ,1 1 9 |677 16,666;764
t
S
$
S
5 ,8 1 2
20,8*55
128,745 M a c o n * B lr iu .. S cptciuli'r.
1 9 ,8 8 7
6 ,0 0 4 ,
4 3 ,2 4 8
42,7 9 9
135 ,2 4 0 '
A d ir o n d a c k ... .'A u g u st . . .
M a n istiq u e........ 'Septem b'r.
11,261 J 11,3 6 3
4 1 ,8 9 9
9 7 ,5 1 9
1 0 4 ,8 4 2
•16,4'>8 1»287*4&1 1 ,2 2 0 ,9 8 7
A la. a t . South . ith w k Oct.
3 0 ,0 2 5
4 3 9 ,4 3 0
4 4 ,9 9 J
3 1 ,732, 1,082,623!
9 0 0 ,4 1 1
4 5 .3 0 3
3 9 5 .9 0 6 M em phlsA C has 3d wk Oct.
A la. M id la n d . • A u g u s t ,...
’M exican C e n t Ith w k O c t 358,6131 3 0 7 ,0 5 3 1 0 ,4 7 1 ,5 3 6 8 ,2 9 2 ,2 3 6
.
A la. N . O .T ex. A Pac. J a n e
9 3 9 ,7 4 2
9 8 3 ,0 7 9 M exican Inter’l. Septciuh'r. 242.188! 2 1 1 .8 4 1 2 ,2 5 9 ,7 4 7 2 ,1 1 0 ,0 1 3
‘ 1,0 0 0
2
2 8 ,0 0 0
K. O rl.A N . E. l . t irk Oct
7 .0 0 0
' 4 0 8 ,1 1 3
4 0 3 ,2 1 0 [M ex. N ation al. 4 th wk O ct. 1 6 9 ,9 3 2 1 4 2 ,9 0 6 4,91 4 ,4 8 6 ! 4 ,1 7 1 .9 6 5
15.0 0 0
A la. A V lcksb. 1 st wk Oct.
4 2 .5 1 s
5 .0 0 0
3 7 8 .2 4 4
1 4 .0 0 0
53.331
4 0 0 .2 3 0 M ex. N orth ern . A u g u st . . .
V ick s, till. A P l . t w k Oct.
3 7 8 ,8 2 6
5 3 1 ,8 3 8
71,5 0 0
68,000 2 ,9 s 1,907 2 ,1 8 9 ,0 9 3
A lleg h en y V a l.. S eptem b'r. 2 3 8 ,9 4 7 1 9 1 .1 5 5 1 .8 2 6 ,4 3 7 1 ,7 5 9 .8 -8 [M exican it’w ay W k .O ct 16
M exicanm tm ed: d wk ( h-t. i 12,400!
3 8 .0 5 0
9*13,775 ■ 11,899
w S o .....! 2
31.411 1,0*13, 62
A n n A rb o r..........llh w k O c t.
5 4 8 ,2 1 3
4 2 5 ,3 0 0
(Jet.
73.75.1
6 0 ,4 3 2
511.294 M ln n ea p .A S tL . I th w k O c t
7 ,9 0 0 ■ 6 ,6 8 5
7 4 ,2 0 7 1 ,7 5 0 ,3 (1 1,6 5 9 ,8 1 3
A rk. M id la n d ... A u g u st---A toh .T . A B.Pe.e S ep tem b ’r. 3 ,4 2 3 .2 1 1 2 ,9 1 1 .5 4 5 3 3 ,6 6 6 ,0 8 5 3 1 ,5 1 4 ,6 7 0 M .S tP .A S .S tM 3d wk O c t 1 1 2 ,8 4 . 112,712 2 ,9 6 0 ,1 6 2 2 .9 5 8 .4 1 6
Mo. K an. A T ex. :-d w k O c t 3 1 7 , 8 0 S 1 315,360! 8 ,891,342- 9 ,1 0 0 ,8 7 3
1 2 7 .9 3 6 130.7 1 1
9 3 1 ,8 7 5
827.051
A tla n ta A 01
2 7 .5 0 4
21 445
201 8 2
2 1 1 ,6 2 0 M o.Pac.A lrouM ith w k O c t 9 6 7 .0 0 0 8 0 2 ,0 0 0 1 9 ,9 6 6 ,0 0 0 1 8 ,0 5 9 ,7 0 2
A tl. K n o x .A No. S cp te iu b ’r.'
4 0 ,9 9 9
C entral B F ch . ith w k Oct.
3 6 .0 0
3 4 8 ,6 5 4
A tla n ta A W. P. A ugust —
4 4 .0 3 6
29.00*'!
9 2 9 ,0 0 0
6 2 1 ,5 8 0
______ 20,895.01 in!1 8 ,6 8 1 ,2 8 2
T o ta l............. ith w k O ct. 1,0 0 3 .0 0 0
1 0 ,* 0 7
1 1 ,4 7 6
4 4 0 .2 3 4
4 5 0 .3 0 4
A tlan. A l i a n v .. Ith w k Get.
8 3 1.00"
10,557
13 5 5 6
10 ..741
1 6 1,171 M o b ile * B lrm .. 3d wk O c t / ............. |
2 1 .6 6 9
A u stin A N’w est A u g u st . .
--------2 3 3 ,2 6 3
2 5 0,671
,3 1 9 .0 6 A 2 .2 9 2 .9 3 L 18,942.121 18 ,202,200 M obile * Ohm [O ctob er. . . 3 8 2,981; 4 0 5 ,2 6 9 3 ,2 1 1 ,7 3 s 2 ,9 9 3 ,7 9 9
. ..j 114,722!
90.961
7 9 7 ,5 3 4
6 6 5 ,3 8 9
1 8 6 ,6 2 3 5 ,3 1 5 .6 4 1 5 ,1 1 1 ,4 6 3 M out.A M ex.G lf J u ly .
Bat. A O . S o u 'w . 4th w k O c t 195.001
^ “ St '
3 ,3 3 7
b ’r. 480.652! 4 3 5 ,0 2 2 4,0 u 7 .7 4 8 3 ,6 9 3 ,6 0 7
2 .3 5 6
15.0 8 7
11,70 4 Noah-Ch-A "* L, s e p te m W
B ath A Elam'nds A u gu st . . .
16.538 N e t A Ft. Hh’pM A u gu st
2 ,5 8 3
16,4 6 7
2 ,5 0 9
..............
1*11,295
..............
14,041'
B ir. A A tla n tic . S* ptemb'r.
3 .2 4 5
4 4 ,9 7 9
4 3 ,2 9
3 6 ».7*23
3 9 6 .0 3 9 N evad a Central. A u gu st
BrunawTtAW est A u g u s t___
2 ,9 6 7
2 4 ,4 0 6
2 1.056
BU ff.R oeh.A PK l 4 th wk Oct. 1 1 2 ,8 5 8
1 1 0 ,7 5 7 2 ,8 3 5 .7 '.5 2 ,7 8 0 ,5 0 2 8 . 4 . 0 . A U. R S eptem b'r 4 ,4 8 3 .9 1 9 3 ,9 0 8 ,4 9 2 3 3 ,7 5 5 ,4 -6 3 2 ,4 0 6 ,4 6 4
6 7 .^ 6 3
4 4 6 ,7 7 1
61,94/3
3 8 3 .6 3 6 8 .Y . O n t A W ..I t b w k O e t . 1 2 0 9 0 6 1 33,917 « * ’ 8 4 ,1 2 6' ~ ,2 4 2 ,3 0 8
B uffalo A Sana. Scpceiii--r.
3 ,2 * W
3
108.5 6 6 1*2?,517 3 ,3 4 7 ,0 5 8 3.55*3,570 N .Y .S u so .A W . 'septem b 'r. 1 9 9,912 2 1 4 ,1 6 2 1 ,6 0 2 ,4 3 1 1 ,6 2 5 ,9 2 4
Bar.U. Rap. A V 3d wk O c t
853.0<>
790,0* 1 9 ,1 8 0 ,3 *0 10,791,042 N orfolk A W est ;j,l wk ' let. 2 1 7 .7 5 2 2 1 6 ,6 5 9 8,765,2021 8 ,9 5 6 ,7 6 7
C anadian Pacific Ith w k Ort
1,723
4,709
7 ,6 6 2
42,871 N orthcs’n (G a .i A u gu st . . .
7 ,9 96
41,597
3 6 ,9 1 3
3 7 ,3 8 9
Oar. M id la n d ... 8 rp trm b r.
3 6 ,2 0 1 41,4 3 1
C e n t o f G eorgia ttliw k Oct. 197.581
198.1 40 4 ,2 1 6 ,6 5 0 1,2 48.007 N urthes’n <S.C.» j „ m, ............
C en tral o f M .jl.ftlep teaib 'r. 1 ,2 0 9 ,0 4 1 ,1 1 6 .7 8 2 9 .2 4 9 ,7 8 1 9 .2 2 1 ,9 2 6 N orth’n Central Heptcmb'r. 6 7 6 .2 5 5 ' 8 9 4 .1 4 8 4 ,8 8 5 ,4 4 i 4 ,5 5 9 ,3 3 5
1 ’
5 9 1,211 5 4 4 ,5 0 4 15 ‘ 14,168 1 4 ,8 3 8 ,0 2 0
C entral P acific A a g u a t ..., " ,4 * 9 ,2 3 3 l,1 6 9 .’*13 8.655,*282 7 ,8 19,523 North’s P antile.!3d w k Oct
||>
24.2281
2 2 ,(7 9
3.5.502
30 ,3 0 1
3 8 7 ,1 3 0 Ohio R iv e r ......... Ith w k G el
C hariest’nAAav A u g u st . . . .
4 2 1 ,9 9 9
7 9 7 .6 8 7
8 1 8 ,7 2 8
O h iottlv.A C h as sep tem b 'r.
16,018!
15,175
4 3 ,9 1 2
3 7 ,3 2 *
Char. A W. Car J UIIC ----131,761
130,963
8 7 .3 1 1
7 4 ,4 2 8
3 ,9 * 3 6 0 2 7 6 .2 3 5 9 ,2 2 5 ,3 * 6 8 ,4 8 1 ,3 4 1 Ohio s o u t h e r n .. 'O cto b e r..
5 5 9 ,2 0 3
6 2 5 ,0 1 8
CUes. A O h io .... U bw k Oct
4 .1 1 4 .2 * 2 3 ,1 6 4 .5 4 9 2 8 ,2 5 3 ,1 6 1 2 4 ,6 2 4 .2 8 4 O t a .K a n .a A K . 3 d Wk Oct.
Chic. Bur. A O rt S ep teull
5 4 9 ,5 2 4
4 9 4 ,0 9 8
17,534
14,211
9 0 .2 1 3 3 ,2 7 0 ,4 8 0 3 ,1 6 1 ,2 * 9 Oregon Tmp. Co. \n g o s t . . . 4 9 1 ,1 8 3 3 9 4 ,8 8 3 2 ,4 8 0 ,1 0 2 2 ,1 8 2 ,3 1 9
Ohio. A E a s t 111. 4thw k Oet. 1092*11
7 1 6 ,4 5 0 0 6 3 .9 4 9 4 ,3 9 1 ,8 5 0 3 ,7 6 8 .8 1 0
C hic. G t W est’s llliw k Oet. 1 0 3 .0 9 7 1 5 7 .3 1 3 4 ,3 0 6 .9 0 5 3 ,9 1,221 O reg.K U .A N av. O ctober
7 3 ,0 7 5
59, Iso
O r e g .8 h .U n e ..; A u g u s t . . . 5 0 1 ,4 1 1 4 7 7 ,8 4 8 3 ,7 6 6 ,7 6 1 1 3 ,5 2 5 .6 1 8
Chic. Im l. A L . 3d w k O c t
270.477! 307.505! 3 .2 20.774 2 ,9 1 8 .1 6 4
_____ . 4 t iw k Oct 1 ,149,252 12127.62 16,013,231 2 6 / 4 2.9 8 8 Pacific M all----- S ep tem b ’r.
__
QHI
Onlo.M ll. A 8 t P ____ _____
Ohio. A N ’th W u . S epteinb’r 3 ,5 6 1 .0 4 * 2.843,0*14 2 3 ,9 6 7 .9 9 23,<>42.176 P en n sy lv a n ia .; 8. i.icm b'r 5 .8 5 9 .6 3 9 5 ,1 7 0 .3 3 9 4 6 ,7 8 8 ,5 7 0 4 6 ,0 6 0 .9 7 0
— UA
582,8*85
6 6 <,726 P eo n a D ec.A K , ith w k O c t.
6 4 .8 9 8
68 ,1 4 1
2 4 ,8 7 6
2 1 ,5 1 li
7 5 0,891
7 1 5 ,7 2 0
Chlo. P eo. A Bt.L ,,8 ep .............----------------ternb’r.
1 ,7 9 3 ,6 1 2 1,6 1,95 . 1 3 ,6 8 0 ,0 5 7 122*82,927 P etersb u rg.........teepterab’r.
4 0 .5 1 0
3 0 ,6 9 6
4 3 2 ,2 3 4 4 2 0 ,6 2
O hlaK 'x I. A P .. O ctober
Chlo.Mt. P.M.AO. s , iitc.ab'r
9 9 1 ,9 8 3 862.571 5 , 8 4 i ^ l 9 5 ,0 2 7 ,5 1 1 Phlla. A E r ie ....iA u g u s t . .
4 5 0 .2 3 0 1 2 6 .4 1 7 2 ,7 0 5 .6 7 6 2 .7 0 9 .0 6 8
P h lla A R ead ... se p tem b 'r 2 ,0 2 1.275 l 841.758! 1 5 ,2 5 6 ,6 0 5 1 5 .1 9 8 .3 9 5
C bic.Tcr.Tr.R K . (y eto b er.. J
97,145921974
Chlo. A W. Mich. » ! « t O c t
3 5 ,1 1 0
34.1 Ju 1 ,3 2 8 ,0 * 9 1 ,3 2 0 ,5 5 2
Ooal A Ir .C « ..l.s1
.,,t,.[„b ,r. 2 421 811 2.171,411 1 5 ,6 9 1 .3 1 6 10,108,831
730.1*21
8 1 1 .0 9 3
T o t both Co’s sep tem b 'r. 4,446,08614,013,169 3 0 .9 4 7 .9 8 1 3 1 ,3 6 7 ,2 2 6
Choc. Ok.A G ulf B epteuib’r. 1 1 8 ,8 5 5 103.891
2 ,9 8 2 .6 7 1 2 ,7 8 7 ,3 2 0 Ph. Read. A b .E . gep tem b ’r.
(>*>,465
-----------------------0 6 ,4 7 0
5 1 3 ,4 0 3
4 6 9 ,6 3 2
C ln. N.O. A T. P . O ctober
3 1 8 ,9 6 0 3 0 8 ,1 4 2
5 4 1,071 Bhil. WUm. A B, S ep tem b ’r. 8 1 0 ,3 9 0 77-1,290
4 8 4 ,8 8 6
C lev.C an. A S o .. 2»l wk O c t
12.8 1 4
9 .8 0 9
1 0 ,9 1 0 ,6 6 7 10,432,475 P itts.C .C .A 8 t.L Septem b'r. I 3 5 2 ,6 7 7 1,170,787 10,736,6*21 1 0 ,8 7 5 .6 2 0
CLCtn.Ch.A 8 t L 3d wk O c t 3 *53.1 !9 2 6 6 ,0 2 2
P ltts.L u ) . Jtr W n sep . ... .. ..
L
o
31.8 5 3
4 ,0 7 3
3 ,7 9 7
P ee. A Kast’n . 2d wk Sept.
4 0 ,0 8 2
31 ,8 6 1 1, 7 9 ,6 3 4 1 ,21 6 ,8 9 6 P itt* . I tlsh .A V **u Io ' te m b 'r. . I
31 908
4 3 7 ,3 7 5
4 8 6 ,4 7 4
4 8 ,2 0 3
O Llsor.A WbeeL I t b w k O e t
5 3 ,3 5 3
3 5 ,6 5 4 1,Os 5,740 l,ll* i,1 7 5 P lttA B es. A L.E . [septem b'r.
51.3 8 1
13*78,407 Ptttab .A Wes’n 1 3 ,1 w k Oct.
32,2 8 9 1 ,3 3 3 .8 7 7 1 ,3 9 0 ,4 0 3
-274,172
3 5 ,5 3 7
C o t M idland . . . Septciuh'r. 1 6 2 ,1 1 4 154,30-4 I ,
14,941
P itts. Cl.AToL 3d wk Oct.
21.96*1
6 9 4 .8 6 8
OoL B . V .A T o L O c to b e r ..
3 2 5 .6 5 9 1 6 8 ,3 9 0 1 ,9 7 7 ,3 5 8 2 .0 2 1 ,0 4 2
6 2 2 ,5 0 7
P itts. P a. A F .la d w k O c t
..............
CoLA KedM ount J u ly ............
6 ,8 4 1
2 8 2 .1 2 2
3 1 1 .3 3 1
7 1 ,8 3 6
8,812
10,273
5 6 ,0 4 2 2 ,3 0 5 .0 3 2 2 3 4 3 ,4 8 0
T otal sy ste m . 3 d wk Oct.
3 4 2 .9 0 9
3 4 8 ,8 7 4
07,7 7 5
OoLBand’y A H. 3 wk* J u n e
4 « ,9 6 4
4 0 .8 2 8
13,191 P ltL Y oung.A A. Septem b'r.
16,456
1 5 8,622 111.857 1,065,037 1 .0 9 9 ,6 4 2
O nlusa A L a k e .. B eptem b'r.
3 ,1 0 0
2 ,5 0 0
4 8 0 .4 5 2
C r y s ta l................ A u g u st____
1.311
782
8 ,2 3 5 R loh.Fr'ksb * P . A u g u s t ....
8.421
4 6 ,0 7 6
4 8 8 ,5 8 5
6 0 128
5 4 3 ,7 2 0 Rich. A P ctersb . Septem bT .
2 6 0 ,3 0 4
6 0 6 .5 8 4
2 4 .6 5 3
GambT’d V alley A u g u st___!
8 4 .3 7 4
8 0 .6 0 4
250,761
2 0 ,8 2 7
6 ,0 4 8 ,0 3 5 Rio Gr. Sou th'n . ith w k Oct.
3 0 6 ,1 8 2
11,575
D e n r . A Rio t it 4 lh w k Oct
2 3 1 ,6 0 0 2 2 1,60e 0 ,0 5 3 ,9 8 0
3 7 8 .1 9 9
11,410
5 1 ,7 0 0 2 ,2 7 9 ,1 0 0 1,8 9 6 ,1 0 5
Oes M. A K a n .C 3 d w k O c t
3.20*1
2 ,4 1 7
9 3 ,0 1 6 Klo O P de W est . !3 ,i wk Oct.
1 2 2 ,647
7 0 ,6 0 0
9 3 3 ,0 3 3
Des. M. N. A W .. S ep tem b ’r.
4 2 ,0 6 7
4 4 ,1 8 7
3 2 6 ,0 9 3 S t J o s .A G r . I . . . I th w k Oct.
5 7 0 .9 3 2
310.6 8 1
2 5 .0 0 0
2 6 ,0 0 0
26.4 1 9
2 1 1 ,0 0 0
2 1 8 ,2 4 3
21,8 3 3
D o tG .R a p .A W 3d wk O c t
2 8 ,1 2 7
2 4 ,6 9 1 1 ,0 2 8 ,2 4 5
9 6 0 ,2 9 6 8 LL. Cli.A 8 t P. Septem b'r.
6,294
3 t L .K eu'etA 8 o . !sep tem b 'r.
6 .7 8 2
O e t A L im a No. Ith w k O ct.
1 2 ,2 6 5
..............
4 3 ,1 6 0
3 1 8,048 8 t L . * 8 an F ran ;ith w k Oct. 2 1 7 ,2 7 7 1 8 6 ,7 0 6 5 ,3 3 4 ,9 9 4 5 ,0 3 8 ,3 0 2
D e t.A M ackinac A u g u s t___
3 1 .8 1 8
2 5 .0 8 0
3 3 6 .7 3 3
D u lu th A Ir. R . S eptem b’r. 3 5 7 .2 5 0 1 7 0 .7 7 2 2 ,2 2 7 ,5 9 1 1 ,7 8 9 ,2 0 2 S t L. Sou th w est 4thw k Oct. 1 9 5.400 168 0 00 3,835,81 l 3 ,8 7 6 ,9 0 7
Dulutta 8 .8 .AAtL 3d w< O et.
313188
8 2 .6 6 9 1 .2 6 7 ,5 6 1 1 ,641,822 S t P au l A D u l.. Septem b'r. 1 7 7 .1 2 5 1 09 041 1 .0 9 2 ,4 0 0 1 ,0 6 0 ,7 6 7
E lg ln J o L A E a st O c to b e r .
115,946
129.1 1 2
9 7 0 ,5 0 4 1 ,099,514 San A n t A A. P S e p t c i u h ’r.
2 3 2 ,4 3 7 2 47.974 1,4 7 9 ,2 1 6 1 ,4 1 1 ,2 7 6
6 9 0 ,6 8 4
69,82^
E r ie ......................S eptem b’r. 3 , 1 89 ,67 0 2,769,491 24,11 -.4 0 4 2 2 .8 23,093 San Fran. A N .P. S ep tem h ’r.
5 6 1 .8 0 3
85.0 5 3
4 9 ,4 4 3
4 0 ,9 4 3 S .F e Pres. A Ph. 'A u g u s t....
E ureka S p rin gs. A u g u st___
7,786;
*5 ,0 6 14 3 ,7 0 5
52,2 6 7
2 4 6 ,3 7 3 8 a v. Fla. A W est A u g u st___ 2 3 7 ,7 7 2 2 2 7 .8 3 5 2 ,2 2 7 ,9 4 1 2 ,2 2 7 ,8 1 6
B r a n * .A fn d ’plis Ith w k O ct.
8 ,7 3 8
8 .2 9 4
2 3 5 ,6 7 8
69,0 6 4
7 3 ,5 5 4 Seab'd A R 'nk e. J u ly ............
B r a n s. A m o b .. 3d w k A ug.
1,396
2.431
5 1 ,7 1 3
65,271
8 9 8 ,0 2 7 8 her. 8 h rer.A 8 o, 3d wk Oct.
8 ,9 0 4
B r a n s r . A T. 11. ttliw k O ct.
3 5 ,5 2 1
2 9 ,5 5 0
9 1 0 ,8 3 9
12,571
10,119
1 2 9 ,8 6 1
1 3 4 ,1 2 5
14,3 0 4
F itc h b u r g ...........A u g u st____ 6 6 5 ,1 8 1 6 2 3 .9 9 3 4 ,6 3 3 ,9 5 3 4,750,401 SU. Sprs. O. A G. A u g u st___
0.803
F li n t A i’.M arq Id wk Oct.
5 9 ,1 7 9
4 9 ,4 8 5 2 ,2 0 5 ,6 5 9 2 .1 0 2 ,4 3 9 S U v e r to n ........... Septem b'r.
5,000
*26",5**9
20,5*31
3 ,7 0 3
F ta-C eot. A P en. 3d w k Oct.
3 9 ,3 9 6
3 7 ,0 8 8 1 ,9 0 9 ,3 1 1 1 .7 0 9 ,4 7 5 S o.H aveu A E ast Septem b'r.
3,578
7 4 3 .2 5 4 So. Pacific Co. 9 4 0 ,0 6 1
F tW th A D e n .C . 3d w k O c t
3 7 ,0 3 7
31,0*50
2 5 0,191
F t W. A R io Gr. Ith w k O c t.
1 3 ,9 6 8
1 1 ,2 3 0
2 8 4 ,9 2 5
4 27.823 4 3 1 ,6 5 0 2,919,377- 3 ,1 6 9 ,1 7 5
G al.H ar.A S .A A u gu st.
8 .0 6 1
5 7 1 ,9 5 3
7 8 ,2 7 0
6 6 0 999.
6.3 7 7
1 0 1 ,3 6 6
L ouis'a. West A ugust.
Gad*. A A t t U . S ep tem h ’r.
647
852
G eorgia R R ----- 3d wk O c t
4 1 ,1 6 2
3 9 ,7 3 3 1,22 6 ,1 5 1 1 ,18 7 ,1 3 1
M organ’sLAT. A u g u s t .... 4 48.951 3 5 4 ,0 3 0 3 ,3 5 4 ,0 8 8 2 ,9 8 4 .6 9 2
33,5 2 9
6 8 5 ,9 0 0
204 4 49
141055
8 8 1 ,9 1 6
4 3 ,4 0 1
G eorgia A A la .. I t b w k O e t
3 1 ,2 3 0
2 5 ,9 5 4
N. Y . T. A M ex. A u g u st___
5 9 1 ,9 7 4
9 a C a r " is A No. Heptcmti'r.
7 7 ,9 4 9
8 9 ,4 7 7
8 5 8 .0 0 9
6 4 0 .5 7 9
1 3 2,714 1 1 7,967 1,012,647!
T e x .A N .O r l.. A ugust . . .
6 5 0 ,4 0 2
6 3 2 ,3 s 9
G eo. So, A F la .. S ep tem b ’r
7*1,410
7 0 .4 9 4
A tL P ro p 'tes.n A u g u s t_ 1,1 6 5 ,1 * 9 1,031.341 8 ,2 2 0 .4 3 1 7 ,8 1 5 ,7 5 9
_
Gr. Rap. A l n d .. 3d wk Oct.
4 0 ,6 3 6
33,3*59 1 ,6 07,351 1 ,5 7 9 ,1 7 6
Pacltlo Bystero s<- .ternb'r. 3,446 0 0 0 2 ,8 8 8 ,4 3 7 2 4 ,0 0 0 9 5 0 2 3 ,2 0 7 ,1 5 3
3 2 5 ,3 5 5
3 2 2 .0 7 8
C 3 n .R .A F tW . 3d wk O c t!
8 ,5 1 0
7 ,5 2 0
T otal o f a ll./ 'A u g u st.. . . 4 ,8 8 9 .1 9 0 4,143,321 3 1 ,8 3 1 .0 2 6 3 0 ,1 6 6 ,8 8 5
3 8 ,5 8 0
8 1 ,3 8 3
So. Pao. o f Cal. A u g u st___ 1,006,399 8 5 3 ,2 6 5 6 .4 9 9 .5 6 0 6 ,4 9 9 .6 0 4
T rarerseO M y . I d w k O c t ’
836
820
101,01.3
1 5 0 ,3 6 0 1 .6 4 3 8 7 1 1 ,4 6 6 ,1 5 4
93,611
M as. a . R. A I 3d w k Oct.
2 ,5 8 3
2 ,0 8 6
S o.P ao.ofA rl*. A u g u s t___ 214.031
8 0 0 .1 0 6
7 4 3 .9 1 6
T o t all Unes 3d w k O ct.
6 2 ,5 6 5
4 3 .7 3 5 2 ,0 1 5 ,0 2 2 2 ,0 4 4 ,1 3 4
8 0 ,6 6 0
1 0 7,932
So.P ac.ofN .M . A u g u st___
Gr T r n k S r st’m 3d wk Oct. 5 3 8 ,6 7 4 6 2 3 ,6 8 8 1 8 ,8 7 9 ,2 2 0 18 ,049,77b
2 3 4,158 2 1 9 ,7 1 2 1 ,4 1 8 ,5 7 4 1 ,3 8 2 8 9 7
N orthern R y .. A ugust . . .
Chlo. A Or. Tr 4th w k Oct.
8 3 .6 7 4
8 9 ,2 6 4 2 ,5 4 1 ,1 0 8 2 ,6 0 9 ,3 1 0 Southern B y ___-ithwk O c t
5 7 7.971 6 0 4 ,8 0 2 1 0 ,0 3 0 ,1 3 2 1 5 ,2 8 3 ,0 0 2
4 2 0 ,3 7 2
8 2 3 ,9 1 9
2 7 3 .4 6 1
D eL G r.H . A M ith w k O c t
29,9 7 7
2 9 ,6 5 0
7 9 4 ,3 9 3 8 pok .F 'ls A N o r. A u g u st___
44,8 6 1
50,9 1 8
1 0 5 ,5 9 8 Ston y Cl. A C .M t. A u gu st___
9 8 ,1 7 8
10,080
Cln.Hag.A Mac tto w k «5ct
4,24:1
3 ,5 4 2
3 0 ,8 7 1
26918
9,007
9 0 ,8 0 5
7 9 ,2 8 2
0 8 ,5 8 8 Sum m it B ranch. May
4 0 4 .8 1 5
333,8621
66,3 1 9
ToLS. A M uak. Ith w k O c t
3 ,3 7 5
3 .0 2 0
G reat N orth ’ll—
3 7 0 ,6 2 7
3 30.049,
66,881
67,049
Lyk. V al.C oal May
8 t P .M . A M Septem b’r. 2 ,0 4 3 .0 3 0 1 ,7 8 2 ,3 1 3 I I , 0 7 1 ,7 2 3 1 0 ,7 0 0 ,6 5 9
T ot’l b o th C o > August. . . .
1 4 1,707 1 17,958 1 ,0 8 8 ,8 4 0 1 ,1 8 2 .0 0 8
2 1 2 ,3 5 6
11,292
1 5 ,2 1 4
E a st o f M inn., se p te m b ’r. 2 5 3 ,7 5 9 2 2 9 ,5 5 0 1,24 3 ,0 3 3 1 ,321,763 T ex a s C en tra l. . 3d w k Oet,
2 2 1 ,6 3 2
M ontanaC ent S eptenib’r. 1 8 9 ,9 1 6 158,3 3 7 1 ,4 8 9 ,1 3 9 1 ,443,750 T e x a s A P a c illo ith w k O c t 3 5 2 ,8 6 5 3 1 0 ,4 5 0 5 ,6 3 8 ,5 6 5 5 .2 4 3 ,3 8 9
_ T u t sy stem Septem b’r. 2 ,4 8 8 ,7 5 5 2 ,1 7 0 .2 0 0 1 3 ,8 0 4 ,1 0 5 1 3 ,656,183 T ex. 8 .V .A N. W. Septem b’r.
3 ,5 9 7
4,509
6 0 ,9 3 8 T o L A O h lo C en t 1 Itb w k O et.
91,211
G T fB -m u tA K .a Septem b’r
8,421
9 r532
47,6 8 3 1 ,8 5 0 ,1 7 6 1 ,4 5 6 .7 0 0
56,398
3 0 ,3 7 9
2 8 ,8 0 8 Tol. P. A W e st.. 3d w k O ct
G u lf A C hicago Heptemb’r.
3 ,0 3 3
4 .3 .7
7 3 9 .9 0 2
22,8 8 5
24,874
7 7 9 .6 2 9
8 9 ,5 0 9 ToLSL L. A K.C. Ithw k Oct
403147
09,4 2 3 1,8 7 7 .5 8 3 1 ,7 6 7 ,5 1 0
H ooa.T on.A W U . septernb'r.
5 ,1 9 3
3,7 3 7
7 1 ,1 6 9
H ooa.A Tex.Oet. Septem ti'r. 423,8 8 1
4 2 1 ,8 0 8 2 .4 8 9 ,5 2 6 2 ,1 6 0 .4 2 2 U nion P acific— ;
• I
Illin o is C en trsii .Septemb'r. <22su4u0 1 1 9 10054 * 1 7 1 1 8 1 0 4 I1 5 5 7 3 5 8 9
U nion P. H R ..'A u g u st___ 1.625,877 1,316,698 9,7 4 6 ,3 9 7 , 8 ,7 2 6 ,0 4 2
2 9 1 ,8 4 0
2 88 ,80 6
la d .D e c .A West. b w k sA u g .
3 3 ,2 8 6
2 6 ,6 2 0
A ch.C ol.A P . )
,
317,397!
31.3 2 3
0 2 ,7 0 0
2 0 2 ,4 0 7
A ch .J .C .& W i A u gu st . . .
5 1 1 ,7 0 8
4 9 8 .3 7 5
la d . 111. A lo w s A u g u st.. . .
502168
8 5 ,4 2 8
20.000
I b -A G L N orth ’i> Ith w k Oct. 1 3 1 ,7 5 0 12 2 .7 7 0 2,8 *3.148' 2 ,710,2 74
6 2 1 ,5 8 0
3 6 ,000'
9 2 0 ,0 0 0
Cent. B lanch a itb w k O e t.

H a ilro a d

In te llig e n c e .

THE < HRONI LE.

861
L a te s t Gross E a r n in g s .
Ro a d s .

Week o r Mn

1897.

1896.

J a n . 1 to L a te st Date.
1897.

1896.

$
$
U n .P a c —(Con.l
$
$
7 0 3 ,8 1 2
4 7 2 ,8 6 3
72.0 0 1
C en.Br.AL’d L A u g u st___ 1 3 3 ,3 1 5
1 ,96 5 ,6 3 6 1,507,851 1 1 ,6 0 9 .6 0 2 10,,065,952
Gr’d to ta l. V A u g u st___
96,8 5 5 2 ,7 4 8 ,9 0 3 2, 422,4 8 9
U n.P.D en.A G .. 3d wk Qot. 1 0 4 ,0 5 9
4 1 7 .7 1 2 3 4 9 .7 0 9 10 ,0 8 9 ,0 0 1 10,,092,092
137,0 4 7
128,8 0 3
17,57(i|
19 ,8 0 7
W aooA N orthw . A u g u st___
0 9 6 209
W.Jersey ASeaV Soptem b’r. 2 5 5 ,8 4 9 | 2 2 1 ,8 7 5 2,061,791
472,875
4 5 5 ,7 7 2
9 8 ,2 4 7
9 8 ,1 5 5
W.V.Cen A Pitt*
223,2 0 8
33.5021
31.3 7 1
2 1 8 ,8 5 5
W estVa.A Pitt*.
3 4 1 ,8 1 3
4 3 ,7 6 6
387,431
4 4 ,6 4 0
W estern of A la. A u g u st___
4 5 4 ,0 3 6
7 3 .2 0 0
7 0 ,5 0 0 2 ,4 2 0 ,4 1 7
W est. N .Y .A P a . 3d w k Oct.
,098,214
913,6201
3 4 .7 1 5
5 5 .1 7 2
W heel. A L. Erie 4 th w k 0 c t.
3 8 ,9 7 7
Wil. Col. A A u g. J u n o .........
108.2 8 4
9 3 046 3 ,6 0 5 ,9 7 7 3 ,506,538
W isconsin Cent. 3d w k Oot
5 1 ,7 9 0
58,023
6,093
6,5 0 3
W rightsv.A Ten. A u g u st___
6 ,9 6 4
43,2031
42.911
6.9 5 9
York Southern A u g u st...
* F igures given (lo not in clu d e O regon Ry. A N a v ., U n . P ac. D e n v e r *
G ulf, D en ver L ea d v ille & G u n nison , M ontana U n io n and L eavenw orth
T opeka * South w estern , a T h ese figures In clu d e r e su lts on leased lin es.
b In clu d es earn in gs from ferries, e tc ., n o t g iv en se p a r a te ly , t M exi­
can currency, c In clu d es on ly h a lf o f lin e s m w h ich U n ion P acific has
a h alf interest.
d Includes o p eration s o f th e Chic. B u rlin gton A N orthern in both
Yunrs.
S C overs resu lts o f lin e s d ir e c tly o p era ted ea st o t P ittsb u rg .
I C hesapeake Ohio * Bo’w ester n in clu d ed , b eg in n in g w ith J u ly , and
Ohio V alley, b eg in n in g w ith A u g u st, b u t b oth roads for th is year only.
e F igures from J u ly 1 in clu d e r e su lts on A . T. & 8. Fe, G ulf Ool. *
8. F e, S. F e Pacific (old A tla n tic * Pacific! and 8o. Cal. Ry. R esu lts
on Sonora Ry. aud N ew M exico & A rizon a R y ., form erly included, are
aarcluded after J u lv 1.
/ B u sin e ss en tir e ly suspended o n a c c o u n t o f Y e llo w F ev er Q uarantine.

Latest (irons Earnings by Weeks —The latest weekly earn­
ings in the foregoing are separately summed up as fol­
lows :
For the fourth week of October our preliminary statement
covers 44 roads, and shows 7T8 per cent increase in the
aggregate over the tame week last year. The week in 1897
contained two Sundays, and therefore, had one business day
less than the corresponding week In 1896.
4 th w eek o f October.

1897

1896.

Increase.

*
41,8 9 9
10,807
3 8 ,0 0
1 9 5 ,(0 1
112,958
853,0 0 0
197,58»
3 1 9 ,3 6 6
1 0 9 ,3 1 '
163,997
1 ,1 49 ,2 5 2
53 ,3 5 3
2 3 4 .6 0 0
8,738
35,521
13,968
3 1 .2 3 0

if
46,458
11,470
31.41 I
188,623
110,7 5 7
7 9 0 ,0 0 0
1 9 8 .1 4 0
2 7 6 ,2 3 5
9 o ,2 1 3
157.3 1 3
1 ,2 2 7 ,8 2 5
3 9 ,6 5 4
2 2 1 ,6 0 0
8,294
29 ,5 5 0
11,2 3 0
25 .9 5 4
3,542
3 ,0 2 9
12-2.770
50 ,4 2 6
14,7 09
28,724
7 ,5 5 6
87 ,0 5 6
6 4 5 ,0 4 5
3 0 7 ,0 5 8
142,9 0 6
7 4,207
802,( 00
29,0 0 0
133,9 1 7
22,979
2 4 ,5 LI
11,575
2 5 ,0 0 0
186,706
1 6 8 ,0 0 0
60 4.802
3 1 0 .4 5 0
47,6 8 3
69,423
3 4 9 ,7 0 9
8 1 ,7 1 5

165,000
7,000

W heeling A L ake E r ie ...

4 ,2 4 3
3 ,3 7 5
1 31 ,7 5 0
5 4 ,8 5 8
15 ,3 4 4
89,971
13,791
89.7 6 2
6 1 2 .0 -5
3 5 8 ,6 1 3
1 6 9 ,9 3 2
7 3 .7 5 3
9 6 7 ,0 0 0
3 6 .0 0 0
120,9 6 6
24.2 2 8
2 4 .8 7 6
11,4 1 6
26,0 0 0
2 1 7 ,2 7 7
1 9 5 ,4 0 0
577.9 7 1
3 5 2 ,8 6 5
5 6 ,3 9 8
7 1 ,1 0 9
4 1 7 ,7 1 2
5 5 ,1 7 2

T otal (44 ro a d s)............
N et Increase (7-18 p.o.)...

8 .3 4 0 ,3 5 9
..............

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

723,1 3 7
558.328

A labam a Gt. S o u th e r n ...
B alt. * Ohio S o u th w e s t..
Buflaio Roch. A f Ittsb ’g
Canadian P acttio...............
C entral of G eorgia...........
O hloasc & Kant. Illin o is.
Chicago Milw. A S t. Paul
CJlev. Lorain A W heei’g ..
D en ver A Rio G r a n d e ...
E van sv. A Indianapolis
E van sv. A Terre H aute.
Ft. W oith a Rio G ia n d e.
G eorgia A A la b a m a ........
Grand Trunk—
In tern ationa l A Gt. N o ..
Io w a C en tral----- -----R anaw haSi M ichigan---R an. City P lttsb . & G ulf
Kan. City Sub B e lt.........
L ou isville A N a s h v ille ...
M inneapolis A St. L ouis.
Mo. P acillc A lr iM i___
N. Y. O ntario & W estern
P eoria Dec. A E v a n s v ...
R*o Grande Southern—
•Bt. Joseph A Gd. Isla n d ..
bt. L ouis S o u th w estern ..
Southern R a ilw a y . . . . . . .
T oledo A Ohio C e n tr a l...
Tol. Bt. D. & Kan. C ity ..

s
0,639
6,378
2,101
63,000
43,131
19,098
6,681
13,699
13,000
444
5,97
2,738
5,276

Decrease.
*
4,559
669

559

78,373

701
346
8,980
4,432
635
61.147
6,235
51,555
27,026

1,249
365
1,000
30,571
2 7 ,4 i0
42,4 1 5
8,715
1.746
08,0 0 3
20,457

7 ,2 9 4
32,960
454
12,951
159

20,831

164,809

........

For t h e third week of October our final statement oovers 8 3
roads, and shows 11 09 per cent increase in the aggregate
over t h e same week last year._____________________
3d w eek o f October.

1897.

1896.

P reviou sly rei>'d(72 r’ds)
D es M oines A Kan. City.
F la Cent. A P en in su la r.
Ft.W orth & D en ver C ity.
Keokuk A W estern..........
M em phis A C harleston .
M obile A B ir m in g h a m ...
N orfolk A W estern...........
Omaha K an. C. A E a st
T e lu s C en tra l...................
Toledo Peoria A W cst’n .
Un. Pao. D en. A G u lf....

s
8 .7 1 8 ,2 8 5
3 .2 0 6
3 9 .8 9 6
37.0 3 7
8,684
3 0 ,0 2 5
*
2 1 7 ,7 5 2
17,534
15,214
24,874
104,059

$
7 ,8 1 0 ,1 5 7
2,417
3 7 ,0 8 8
3 4 .0 0 0
6,028
31,7 3 2
1 0 ,5 6 7
2 1 6 .0 5 9
14,214
11,292
2 2 .8 8 5
9 0 ,8 5 5

In crea se.
$
9 5 1 ,5 5 2
789
2,3 0 8
3,037
656
1,09*3
3 ,3 2 0
3 ,9 2 2
1,989
7 ,2 0 4

Decrease.
$
43,4 2 4

1,707
10,557

—«»••••

9 ,2 1 6 ,0 0 6 8 ,2 9 5 ,8 8 4
9 7 5 ,8 7 0
Total i83 m a d e ) ..........
65,688
9 2 0 ,1 8 2
N et Increase (11*09 p. e.)
• Businf& a en tirely su sp en d ed on a o co u n t o f Y ello w F ev er Q uaran­
t in e .

For the month of October 58 roads (all that have furnished
statements for the full month as yet) show aggregate results
as follows :

[Y ol. LXV,

M onth o f October.

1897.

1 8 9 6 .,

$
9
G ross ea r n ln c s (5 h roads) 30 ,4 6 0 ,7 4 8 2 7 ,3 8 3 ,8 5 5

Increase.
$
3 ,0 7 6 ,8 9 3

P er C ent.
1 1 -2 3

It will be seen that there is a gain on the roads reporting in
the amount of $3,076,893, or 11*23 per cent.
Net Earnings Monthly to Latest Dates.—The table follow
ing shows the gross a n d net earning9 of S t e a m railroads
reported this week. A full detailed statement, including all
roads from which monthly returns can be obtained, is given
once a month in these columns, and the latest statement of
this kind will be found in the C h r o n i c l e of October 2 3 , 1897.
The n est will appear in the issue of November 20, 1897.
kocuii*
Cfiio. Term. T ransf.S ep t.
J u ly 1 to Sept. 3 0 . . . .
Ctoootaw Okla. A G .S ep t.
J a n . 1 to S op t 3 0 ___
N ov. 1 to Sept. 3 0 ___
Den. A R. G ran o e.b -S e p t.
J an . 1 to Sept. 3 0 . . . .
J u ly 1 to se p t. oO___
Erie ............... ...............Sept.

-ttro ss E a r n in g s .—
1897.
1896.
$
1
9 1 ,4 8 5
2 6 6 ,2 ) 7
1 0 3 ,8 9 1
118,855
8 1 1 ,0 9 3
7 3 0 ,9 2 1
1 ,0 6 9 ,7 0 2
9 4 3 ,8 6 3
7 3 1 .3 1 3
6 2 3 ,0 2 5
5 .2 9 0 ,0 8 0 5 ,3 3 8 .8 3 5
* .1 1 4 ,4 2 0 1 ,8 6 9 ,9 1 9
3 ,1 8 9 ,6 7 0 2 ,7 6 9 ,4 9 1
2 4 ,1 1 8 ,4 6 4 2 2 ,8 2 3 ,0 9 3
9 ,2 2 2 ,3 o 5 8 ,0 9 2 ,6 9 0

F a ll B rook—
J u ly i to 8ep t. 3 0 ___
J a n . 1 to 8 ep t. 30
G -and R ap.G asc..C o.Sept.
Jan . 1 to Sepr. 3 0 . . .
.

1 9 4.247
4 6 6 ,6 0 8

1 7 1 ,7 4 7
4 8 2 ,9 9 4

423,881
4 2 1 ,8 0 8
2 ,4 8 9 ,5 2 0 2 ,4 6 6 ,4 2 2
J u ly 1 to Sept. 3 0 . . .
9 8 2 ,2 9 6
9 5 8 ,8 1 4
Jack . Tam. A K. -V..Sept.
2 0 ,8 5 8
22,3 L4
J a n . 1 to Sept. 3 0 . . . .
2 * 5 ,9 5 0
2 3 5 ,2 7 2
Apr. 1 to S ept. 3 0 ___
1 38,4 i 8
1 4 5 , o42
Kan. C. F t. 8. a M .a.Sept.
4 6 7 ,0 0 4
3 8 4 ,3 6 5
J a n . 1 to S ept. 3 0 ___ 3 ,5 4 3 ,6 4 6 3 .2 6 0 ,3 4 7
J u ly 1 to S ep t 3 0 ___ 1,2 7 5 ,3 4 7 1 ,1 2 9 ,7 6 1
K an . C. Mem.A B .a .S e p t.
1 0 9,841
96,9 9 9
J an . 1 to S ept. 3 0 . . . .
8 2 0 ,3 4 8
8 4 7,078
J u ly 1 to se p t. 3 0 . . . .
2 6 2 ,7 3 9
2 8 2 ,0 5 0
L on g Isla n d —
J u ly l to Sept. 3 0 ___ 1 ,5 3 5 ,3 8 0 1,4 3 3 ,2 2 9
3 ,1 9 6 ,3 2 2 3 ,0 9 8 ,4 7 5
L shigh V alley KK Sept. 1 ,7 4 2 ,6 /5 1 ,8 1 7 ,5 6 9
D eo. l to Sepi. 3 0 .. 1 5 ,0 5 4 ,8 3 2 1 5 ,4 5 0 ,6 3 0
Leblgfi V al. Coal Co.Sept. 1 ,7 1 6 ,1 1 0 1 ,5 8 3 ,5 3 3
D eo. 1 to S ep t. 3 0 . ...1 2 ,5 9 u ,7 4 4 1 ^ 5 3 6 ,7 6 1
L ouisv. A N ash v . to. Sept. 1,8 6 4 ,8 7 3 1 ,7 5 5 ,6 9 6
Jan. l t o S ept. 3 u . . . . 1 5 ,* 1 7 ,8 * 2 1 4 ,7 0 4 ,7 1 4
' ' 1
~
5 ,4 3 8 ,4 3 3 5 ,0 3 4 ,0 8 4
J u ly ' to Sept. 30
M adison Gas A E leo.S ep t.......................
A p iil l to Sept. 3 o ...........................
M exican C en tra l— 8 ep t.
8 8 0 ,4 0 7
8 6 3 ,1 2 1
Jan . 1 to Sept. 3 0 ___ 9 ,4 0 o ,7 9 2 7 ,3 9 6 ,1 4 6
H e x . In tern ational„8ept. * 4 2,188
2 1 4 ,8 4 4
J an . 1 to Sept. 3 0 ___ 2 ,2 5 9 ,7 4 7 2 ,1 1 0 ,0 1 3
N. Y . P hil. A N orfolk—
J u ly 1 to Sept. 3 0 . . . .
2 4 3,033
2 6 4 ,7 3 5
J an . 1 to Sept. 3 0 . . .
6 8 0 ,4 8 6
7 4 2 ,6 4 4
N. Y. A R ook. B e a ch —
J u ly 1 to Sept. -30 . . .
1 3 J ,6 3 0
1 4 5 ,9 1 6
Jan . 1 to Sept. 3 0 . . .
1 8 8 ,3 0 4
2 1 0 ,6 2 3
N orfolk A W est’n .a ..8 e p t. 1,0 2 3 ,3 0 3
8 6 4 ,8 4 6
J an . 1 to Sept. 3 j .._ . 8 ,0 4 7 ,3 8 4 8 ,2 9 1 ,8 9 1
J u ly l to S ep t. 3 0 ___ 2 ,9 2 7 ,2 8 3 2 ,6 2 7,648
Prosp. P k.A C oney Isi.—
J u ly 1 to dept. 3 0 ___
8 0 ,3 0 0
8 7 ,9 5 1
J an . 1 to Sept. 3 0 . . .
1 2 7 ,5 i 4
1 3 1 ,3 0 4
O regon RR. A N av. Sept.
7 0 2 ,3 2 0
4 5 1 ,0 6 4
J an . 1 to Sept. 30 . . . 3 ,6 7 5 ,4 0 0 3 ,lu 2 ,8 6 7
J u ly 1 to Sept. 3 0 ___ 1 ,6 9 8 ,9 1 3 1 ,1 7 2 ,7 0 7
P hlla. W ilm. A B a lt.S ep t.
8 1 0 ,3 9 0
7 7 4 ,2 9 0
N ov. 1 to Sept. 3 0 .. 7 ,9 9 3 ,1 4 9 8 ,3 1 0 ,1 * 9
Rio G r’n d e S ou th ..b .S ep t.
3 1 ,6 8 3
3 9 ,9 4 6
J a n . 1 to Sept. 30 . . .
2 7 1 ,1 8 2
3 3 9 ,8 0 3
J u ly 1 to Sept. 3 0 . . . .
9 5 ,6 4 6
1 1 9 ,3 6 9
n u T u ran d e W e st.b .S e p t.
3 0 1 ,5 7 0
2 1 0 .5 7 4
J an . 1 to Sept. 3 0 ___ 2 ,0 6 7 ,3 0 0 1 ,7 4 3 ,5 0 5
J u lv 1 to Sept. 30 . . .
8 9 3 .3 0 5
6 3 5 ,1 7 0
St. J o s. A Gd. L si.b..Sept.
1 0 9 ,0 6 5
6 9 ,4 4 4
J an . 1 to S ept. 3 u ___
8 1 8 ,0 1 4
4 8 0 ,3 0 1
J u ly 1 to Sept. 3 0 ___
3 1 4 .8 9 0
1 9 2 ,0 9 6
St. P aul G as Lt. O o.. S ep t................. ..
Jan . l to Sept. 3 0 ...........................
San A n t. A A ran. P.Sepfc.
2 3 2 ,4 3 7
2 4 7 ,9 7 4
J a n . 1 to dept. 3 0 ___ 1 ,4 7 9 ,2 1 6 1 ,4 1 1 ,2 7 6
J u ly 1 to «ep t. 3 0 ___
5 76,067
5 9 5 ,3 9 0
S ou th ern P acific
luum.M.uvjvi;.
j\j
P acific S y ste m .b .S e p t. 3 ,4 4 6 ,0 '0 2 ,8 8 8 ,4 3 7
Jan . 1 to Sept. 3 0 ....2 4 ,9 9 0 ,9 5 0 2 3 ,2 0 7 ,1 5 3
J u ly t to S ept. 3 0 ___ 1 0 ,1 5 0 ,1 4 1 8 ,4 2 1 ,0 8 7
S y racu se Gen. A Corn.— .
J u ly 1 to Sept. 3 0 . . . .
2 0 5 ,9 5 5
1 8 4 ,9 9 8
J an . 1 to Sept. 3 0 ___
4 9 1 ,3 9 5
4 9 7 ,5 6 0
T oledoA O hlo C en t.b S ep t.
1 27,699
1 5 5 ,0 5 6
Jan . 1 to S ept. 3 0 . . . 1 ,1 7 7 ,3 5 9 1 ,3 2 5 .7 0 9
J u ly 1 to Sept. 3 0 ___
3 5 1 ,6 8 0
4 5 2 ,9 9 8
Un. P. D .A G u lf.b ..S e p t.
3 2 3 ,4 8 2
2 5 7 ,9 4 1
jriKJan. 1 to Sept. 3 0 ----- 2 ,4 5 6 ,9 5 3 ^ 2 ,1 7 0 ,8 0 8
W. J e rsey A Seash’e.S ep t.
2 5 5 ,8 4 9
2 2 1 ,8 7 5
J a n . 1 to S ept. 3 0 . . . 2 ,0 6 1 ,7 9 1 2 ,0 9 6 ,2 0 9
W e* t.N .Y .A P en n .b .8ep t.
3 2 5 ,7 8 1
2 9 1 ,3 0 2
J a n . 1 to Sept. 3 0 . . . . 2 ,2 u 2 ,1 1 7 2 ,2 4 5 ,6 3 6
J u ly 1 to Sept. 3 0 ___
9 1 8 ,4 8 0
8 » 0 ,1 2 2
W iscon sin C en tralb .Sept.
4 8 8 ,9 4 0
3 7 0 ,5 8 3

N et E a r n in g s 1897.
1896.
9
9
5 8 ,5 3 0
1 8 5 ,1 1 5
47,2 2 8
3 1 ,5 6 9
2 3 2 ,4 78
1 4 3 ,2 9 7
3 2 0 ,6 0 0
1 8 6 ,6 1 1
2 9 2 ,3 6 9
2 4 3 ,1 8 0
2 ,2 1 7 .0 9 8 2 ,1 1 9 ,5 0 4
8 8 3 ,7 9 0
7 5 4 ,0 2 3
8 8 8 ,7 2 0
8 3 2 ,5 8 9
6 ,0 2 1 ,2 0 2 5 ,8 7 5 ,5 9 7
2 ,6 5 0 ,0 7 5 2 ,4 7 7 ,2 0 1
1 2 7 ,4 0 7
2 3 9 ,8 8 1
lo ,8 5 2
8 6 ,9 0 1
2 2 1 ,1 0 4
6 0 1 ,7 6 8
3 7 2 ,4 3 1
d ef.6 1 6
2 2 ,1 0 6
8 ,3 1 6
1 6 6 ,1 5 2
1 ,1 0 3 ,8 8 8
4 1 8 ,5 7 8
17,932
1 5 5 ,2 9 2
4 3 ,7 8 4

9 1 ,9 2 5
1 7 4 ,8 0 5
1 0 ,7 0 5
8 1 ,8 7 5
2 0 7 ,8 0 4
6 1 0 ,3 3 7
3 4 3 ,0 8 3
d e f.2 ,2 3 7
9 ,5 2 7
8 ,5 2 2
1 3 4 ,4 9 9
1 ,0 2 6 ,3 8 6
3 7 1 ,8 9 1
3 4 ,7 2 0
1 5 9 ,9 2 8
7 5 ,* 9 7

6 8 5 ,5 8 5
6 7 0 ,0 4 8
1 ,0 1 7 ,0 2 9 1 ,1 1 7 ,7 * 2
5 5 5 ,6 3 2
5 2 2 ,8 4 8
3 ,4 1 6 ,5 1 2 3 ,2 2 8 ,9 2 7
4 1 ,0 9 6
d e f.3 5 ,6 1 3
d f.3 3 2 ,8 6 0 d f.5 4 0 ,5 0 1
6 5 5 ,8 5 8
5 4 1 ,6 0 0
4 ,8 6 9 ,6 7 6 4 ,5 0 3 , i8 0
1 ,8 7 7 ,8 4 1 1 ,5 0 2 ,1 1 0
2 ,8 2 0
3 ,7 3 7
2 1 ,2 3 9
15,9 7 1
2 9 5 ,2 0 4
1 8 8 ,4 1 8
2 ,8 0 3 ,7 8 9 2 ,6 3 0 ,9 8 8
6 8 ,3 5 2
8 2 ,0 1 0
7 3 3 ,6 1 9
8 4 2 ,7 5 7
5 9 ,1 6 4
13 7,357

7 2 ,4 7 4
1 7 4 ,5 9 9

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

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

3 5 ,7 0 2
2 8 ,3 0 9
2 ,1 3 0
J | 1 2 7 ,3 o l
2 2 9 ,0 0 7
3 8 6 ,0 3 4
l,4 8 7 ,5 a 2
462,4*14
8 4 4 ,0 4 4
2 5 0 ,9 6 6
2 8 8 .7 6 6
2 ,1 8 2 ,9 8 6 2 ,1 0 4 ,1 8 6
9 ,8 1 0
1 6 ,6 0 3
1 3 3 ,3 7 5
9 7 ,8 4 9
3 0 .3 7 0
5 0 ,6 8 2
6 9 ,5 7 4
1 1 5 ,0 7 2
5 8 9 ,7 5 1
7 7 0 ,6 o3
3 5 6 ,1 7 2
2 0 0 ,3 9 8
2 5 ,7 4 2
5 0 ,1 5 7
1 0 7 ,7 7 2
3 1 4 ,2 6 8
6 3 ,1 1 5
1 4 1 ,8 4 3
2 1 ,9 6 5
2 0 ,8 2 1
1 7 2 ,8 7 4
1 7 2 ,3 7 6
1 2 5 ,7 3 0
9 8 ,4 4 4
4 0 3 ,6 9 9
3 2 4 ,2 5 4
2 5 3 ,5 7 1
1 9 5 ,7 1 9
1 ,9 8 0 ,0 0 0
9 ,8 3 9 ,7 1 8
4 ,8 0 1 ,9 9 9

9 3 ,4 3 7
1 5 1 ,9 7 3
4 0 ,0 8 5
3 2 4 ,7 6 8
9 0 ,4 4 1
1 1 2 ,9 7 1
5 7 5 ,9 4 4
7 3 .3 7 0
5 9 4 .0 8 6
1 4 2 ,0 0 1
0 6 3 ,3 6 9
3 8 3 ,7 4 2
2 2 0 ,5 0 4
a N et earn in g s h ere g iv e n are a fte r d ed u ctin g ta x e s ,
b N e t earn in g s here g iv e n are b efore d ed u ctin g ta x e s.

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

THh CHRONICLE.

N ovember 0, 1897.]

8H5

Interest Charges ami Surplus.—The following roads, in
Street Rstiiway Net Earnings.—The following table gives
addition to their gross and net earnings given in the fore­ t h e returns of S t r e e t railway gross and netearnings received
going, also report charges for interest, &o., with the surplus this week. In reporting these net earnings for the street rail­
ways,_we adopt the sitne plan as that f ir the steam ro ids —
or deficit above or below those charges.
that is, we print each week all the returns received tliit
I n i. R e m i t s , (tc.---- , —B a l. o f ffe t B a r n 'o t.—. week, but once a m mth (on the third or the fourth Saturdiy)
1897.
1896
1897.
1890
we bring together all the reals furnishing returns, and the
*
s
Roads.
$
*
latest statement of this kind will be f mud in t h e C h r o n i c l e
1 9 ,0 0 0
C hoe. Okla, & H a lt..S e p t.
2 3 ,2 2 3
2 0 9 ,0 0 0
1 1 1 ,6 6 0
H ov, 1 ti* S e p t. 3 0 . . .
of October 23, 1897. The next will appear in the issue of
4 2 ,6 6 0 November 20, 1897.
D e n v e r St R io l i r ’d e .S e p t.
2 0 4 .5 6 2
2 0 0 ,5 2 0
8 7 ,8 0 7
2 9 3 ,9 7 9
5 8 1 ,9 4 9
1 7 2 ,0 7 4
July i to Sept. 3ti ... 5 8 9 .8 U
----- Gross E a r n in g s .----- , (-----xYe* E a r n in g s .— >
1 2 1 ,1 5 5
4 7 ,3 6 6
K an . C. F t. 8 * M ...3 e p t.
1 1 8 ,7 8 6
18 9 7 .
1390.
1 3 ,3 4 4
1897.
1890 .
R oads,
July 1 to Sept. 30 ... 3 4 5 .9 8 4 3 4 3 ,3 6 1
7 2 ,5 9 4
2 2 ,2 3 0
$
$
8
$
A lb a n y (N. Y .)—
1 ,9 5 9
K an. O. Mom V Blr.Sept.
15 9 7 3
16,0 4 1
1 8 ,6 8 8
J a y 1 to 3 e p t 3 0 ___
1 66,264
1 4 9 ,6 5 0
6 9 ,3 9 3
4 9 .0 4 4 d ef. 5 ,1 6 3
5 6 ,9 2 7
Ju!y l to 8ept. 30__
4 8 ,9 4 7
2 6 ,9 5 3
J a n . 1 to S e p t. 3 0 ___
4 3 6 ,2 2 3
1 6 8 ,0 9 2
41 3 ,9 3 1
1 4 1 .5 3 4
1 4 .1 4 0
1 3 ,9 8 9 a e f .4 ,3 4 0
2 ,6 1 4
Bio G ra n d e S o u th .S e p t.
1 3 4 ,9 2 1
14 0 ,5 0 9
5 9 ,4 1 0
4 3 .1 1 4
4*2,470
4 1 .4 2 7 d e f.1 2 .1 0 0
9 ,2 5 5 C le v ela n d E le c tric s..S e p t,
July l to Sept. 30...,
J a u . 1 to S e p t. 3 0 ___ 1 ,2 0 4 ,2 1 8 1 ,2 3 8 ,8 6 6
4 2 0 ,0 3 2
4 3 1 .3 9 3
3 7 ,2 1 2
3,1 7 1
3 8 ,1 8 9
4 ,0 8 9
Tolelo A O.Oeat__8«pt
5 8 ,0 3 6
6 4 ,271
2 1 ,2 9 2
2 3 .7 2 9
1,3 0 0 D e n v e r C on. T ram w . Sept,
Jaiy 1 to sept. 30__ 1 1 5 ,5 7 1 1 0 8 ,2 2 2 d f.2 1 ,3 1 5
J a o . 1 to S e p t. 30 . . .
5 2 7 ,4 0 2
5 4 2 ,2 4 3
STREET

R A lLW kTS

D e tro it E le c tric R y . S e n t.
2 9 ,8 5 4
J a u . 1 to S e p t. 3 0 ___
2 9 4 ,8 6 1
D u lu th S tr e e t ttv - S e p t.
16,851
J u l y 1 to S e p t. 3 0 ___
5 3 ,538
F o rty -8 e AS t. M anh. A S t.N .A v e .—
J u ly l to S e n t 3 0 . . .
183.320
J a o . 1 to S e p t. 3 0 . .
5 44,838
H e rk im e r M o h aw k 11Ion
F r a n k . E le o ,B y ,,S e p t.
3.203
J a n . 1 to S e p t. 3 0 . . . .
2 9 ,7 0 9
R o c h e s te r R a ilw a y —
J u ly I to S e p t. 3 0 ___ * 2 0 3 ,6 3 9
J a n . 1 to S e p t. 3 0 ___
5 8 9 ,3 9 8
O u lo n S tr e e t R y. (N .Y .)—
J u ly 1 to S e p t 3 0 ..
1 6 3 ,0 1 7
J a u . 1 to S opt. 3 0 ___
4 2 2 ,4 5 1
U n ite d T r a c M F ltM is « p t.
J u ly 1 to S e p t. 3 0 . . . .

AMD T R A C T I O N C O U P A V t E S .

The following table shows the g r o s s earnings for the latest
period of all s t r e e t railways from which we are able t o ob­
tain weekly or monthly returns. The arrangement of the
tab e ia the same as that for the steam roads—
that is, the
first two columns of figures give the gross earnings for the
latest week or month, and the last two columns the earnings
for the calendar year from January 1 to and including such
latest week or month.
STREET

R A tt.W A .Y 3 A N D T R A C T IO N

Latest gross Earning*.
a mss

SU H O
.1U N #.

18 9 7 ,
#
9 ,9 2 5
4 .7 41

1898.

$

C O M P A N IE S .

3 4 ,707
3 2 1 ,7 8 9
1 8 ,970
5 9 .8 8 0

2 1 0 ,1 3 4
9 ,1 8 2
9 2 ,8 4 5
8,007
2 3 ,0 8 3

2 0 3 ,5 6 9
1 2 ,0 2 9
9 8 ,9 7 7
9 901
3 2 ,3 5 9

1 83,300
5 3 5 ,2 5 5

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

3 4 .3 5 1
1 1 2 ,3 32

3 ,5 0 9
3 2 ,2 7 9

1,395
1 3 ,6 1 8

1 ,2 6 2
1 5 ,8 2 5

2 2 4 ,7 7 7
6 5 2 ,3 7 3

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

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

1 55,511
3 9 7 ,8 0 7

8 1 .3 2 2
1 74,837
6 0 ,5 8 1
2 0 5 ,4 9 6

8 0 ,0 1 2
1 7 2 ,8 0 6
5 5 ,538
1 7 4 ,9 1 4

Jan. 1 to Latest Date.
1897.

tuterest Charges and Surplus.—The following Stbeht
railways, in addition to their gross and net earnings given in
1896.
the foregoing, also report charges for interest, &o., with the
surplus or deficit above or below those charges.
*
— re n ta ls , etc___ _ — B a l . 0/ f f e t E a r n ’ s . —
Bit,
73,3117
1897
1896.
1897.
1896.
33.ty.iH
Koadt.
S
*
*
S
8 7 .188
ver
1 8 ,1 3 3
1 7 ,828
3 ,1 5 9
5,901
720.229 D enJ a n .Oon. T ram w3.B ep. t. 1 8 8 .0 6 9 1 6 0 ,6 7 6
11-> S e p t, 0 . .
4 4 .0 6 5
4 2 ,8 9 3

$
7 7 .3 ) 3
A k ro n B e d f 4 A Clev Neptemb'r.
-0.870
A u g iie t ,
5 .0 2 5
3 2 ,3 7 6 ;
A m s te rd a m 8 t tt y .
67 ,0 7 2 7 ,7 3 0
A tla n ta B a h w a f
., e e p to m liT .
B a lt!m o m c o n . B y.*.,. 8«u».»-m!> r : 1 9 ,4 4 8 1 9 7 .664 1,70 i , (81
2
18,107
1,985
15,5 9 9
B a t! 8 t B y. (M aine). Sopuunh'r.
1,9 2 0
rT~, T+, |
6,3 3 4
7 ,1 1 4
B ay
M m M . So;,r.emhT.
B te z h a iu io o » t- R y .. S e p M m i/r. 13,783 13.410
B rid g e p o r t T fa c tio n S e p to ia h 'r . ? 2 0 ,5 0 7 *28,418: 2 * 6 .8 2 2 2 4 3 ,0 5 9
3 7 ,4 5 3 33JS28| 2 2 2 ,0 3 0 2 0 3,351
B o w k tu o O e o . S t. Ry 4 u g ( l* t,.
B f'k ly a R ap T r-C o.—
B ro o k ly n H e ig h t* O c to b e r
3 9 3 .0 3 9 3 7 6 .1 3 4 3,8 "’5 .3 9 2 8 1 5 ,5 8 5
B r 'k ir a Q u ’n * * Sun. O c to b e r ... 6 6 .4 2 3 82.5*U 62 7 a' 6 7 8 0 7 .4 8 0
1 21,015
T o ta l fo r a y i t e t d , O c to b e r . * 5 9 ,5 2 2 4 3 8 ,0 9 8 : 4 ,5 0 1 ,2 5 9
6 3 8 ,2 5 4 . 8 3 0 ,5 0 9
B u ffalo K aflw iv . .. J o n e —
C e n .lty A gl.iN i.w R .> J u l y ........
2 0 ,5 0 0 15,730,
9,471
C tu.A M laol! v a l, t r i e A u g u s t ,
2 .U 7
15,665
Labi
C ity Ki*o. (R o m « ,H a i S e p te in h 'r .
1 7 .4 6 0
CJsveUod Electric.. SepC einhT. 1 4 0 ,5 0 9 1 3 4 .912 1 ,2 0 4 ,1 H ,13 9.860
7,241
6 1 ,7 1 4
Su p tutu S 'r . ; 9,71.5
C lev*. P » m » v A K
C oiuittban S t R y. (On H eiiteiijh 'r, 6 6 ,3 5 8 6 6 .8 8 3 454*0951 481*5*65
4 2 ,7 0 I 4 2 ,0 5 9 2 3 7 ,8 >0 2 4 4 ,3 7 0
C oney t»tj»n4 •% B’ly n : A u g u s t,
'
COBMIUM rr*<M Jf. J .i Septo illi’r . 2 6 7 ,6 0 2 2 1 4 ,3 3 0 ;
D »JiV .O a»E L L ig h t A
6 7 ,2 5 4
8 ,8 * 5
S tr e e t Ry ............ August,
5.91 l
6 .3 4 0
D a y to n T r a c tio n .___ : A u g u s t___
5 4 2.243
D e n v e r C on. rra o u w .. rto p te m b ’r. 5 8 ,0 3 0 #1,2 7 1
5 2 7 ,4 6 2
Detroit Cltl’ua' 8t,Ry l»i wldct 29,1 >6 2 8 ,2 H , 9 1 2 ,4 5 9 8 6 7 ,3 1 8
Detroit Klee. Ry----- S o p te m b 'r. 29.85-4 3 i,7 0 * 291,001 3 2 1 ,7 6 9
D a la r h 81, H r ______ ’ Sep teiaU T . 1 6 ,0 3 8 18,247 14 1 ,0 8 6 ! 1 6 4 .0 4 7
E r ie JSIee M o to r Co . H opfom h’r, J 2 ,1 0 2 l - ,5 2 0
106.8411 1 1 8 ,0 9 1
(J a lv e s s o a O ily R y . . S o g to o jb ’r. 1 0 .5 4 2 19,1 4 0
1 0 3 ,3 8 v i 1 6 1 ,6 9 2
H ar»i»i»ur(t T r a c tio n S e p to m b ’r. 2 1 .1 3 6 17.851
»»** ' —
**j
H e rk im e r M o h aw k fl
ton v P tf f o r t El, H r. S e p to m b 'r, 3 ,2 0 3 3 ,5 0 3 29,709! 32,270
H m jstek H r ................. S e p to m 'i'r.
6,8 3 3
5 ,9 2 2 (
6 to
040
Houston K H Ry.
ino. i.
9 5 ,401
9 2 .5 9 5 !
17,347 17,83*
1 1. t*r«
O') o sol, nt
N o rth A rtle h o ra ___ H o p to m b 'r. 1 2 ,9 9 3 1 0 ,9 5 2
9 1 ,4 1 3
9 7 ,9 8 8
K in g s to n C ity tty. ... 3 ,'p to m n ’r.
5,1S3 4,9 1 3 4 1 ,2 9 3 4 0 ,8 9 0
L e h ig h Fraction . . . . . S o p te m b 'r. 11,145 10,7 5 3
8 2 ,4 0 8
92,129
7 2 .5 5 6
L o n d o n 8 t R y .(C » n .l su p to ftth ’r, 11,041 13,5 6 2
7 8 ,1 1 9
L o w e ll L aw . A H a v .. August ... 5 1 ,6 * 4 4 9 ,6 4 2
2 9 5 ,0 3 ^ 2 8 5 ,2 5 0
M e tw p iK a iu ta e city; 2 d w k Out. 4 6 ,0 3 8 4 1 ,3 1 1 1 ,4 6 4 ,7 8 2 1 ,4 1 5 ,3 2 8
M etro , W, S id e (Ctiic.) S o p te m b 'r.' 5 9 ,4 3 7
5,170 " 5 ,1 2 5
4 3 ,1 8 4
M o n tg o m e ry 8 t. Ry.. S o p tc m b 'r.
4 3 ,5 2 1
M o n tre a l S tr e e t t t y . .. 8 « p Scrub’r. 1 2 0 ,9 3 5 1 2 1 .098 1 ,0 2 0 ,5 9 0 962,919
1 ,0 9 3 ,3 5 5
N a s s a u g le e . (B ’k ly a) S e p tc in fj’r. T 9 6 ,0 3 4 1 4 7 ,4 9 8 .
6 9 .3 0 2
8 ,6 3 7
0 5 ,2 V.
Wow-hunch K te d trlo .., SoptecuO 'r.
9 ,6 8 9
13,693 4 4 .049
6.319 5 ,2 4 8
N ew L o n d o n S t. B y .. S c p tc m ti'r.
9 5 6 ,3 U 1 ,0 04,479
N e w O rle a n s T ra e tlo n S e p to in b T , 9 0 ,3 0 5 9 8 ,8 0 3
N o rth S h o re T ra c tio n I s tw k O o t. 3 0 ,7 2 9 3 4 ,0 8 4 1,138,121 1,185,998
2,391
1 3 .3 6 3
14.804
O ffitejM barg 3 t. H y ... S e p te in b 'r,
5 44!
P a te r s o n tty . . . . . . . . S e p te m b ’r,
2 6 ,6 40 2 5 7 ,7 2 9 2 1 5 ,4 8 9
8,0 5 2
3,212 1,209: 1 8 ,8 4 2
P ltto b .P t.S o h . S i. By, June......
Bo"r,
VIV, ,.p Septem Sj'r, 9 ,8 1 0 9 ,9 1 5 : 6 6 ,6 1 6 6 7 ,7 0 6
Riehaumd f r - i n t l o n . . SoptfMIlb’r. 14,231 8,8 6 1 :
6 5 2 ,3 7 3
5 8 9 ,8 9 1
R o c h e s te r R y ,. . . . . . H c p te a ib 'r.
6 2 ,0 8 3
8 8 ,0 6 7
8,157
K o * y h l i i I f A N o r n S o p to m b 'r. 1 0 ,1 8 3
87,086 7 2 ,8 1 6
B chayU tlli T r a c tio n ., S o p to m b ’r,
8 .5 2 3 . 8 ,4 3 0
S c h u y lk ill V*t. F ree Jvine . . . . .
2 5 ,5 8 3
5 ,3 5 3
Boron!, m A i'iirh o n d 'r H eptoxnb’r.
3 ,7 2 4
8 o r» n to n * p i t u t o n . S s p ts m h ’r.
0 ,2 1 4
2 5 8 ,3 3 1
2 8 3 ,7 9 9
8 « r» D to s B o lt w a y ..,» S e p te m b ’r. 3 2 .5 3 4 31,5 3 3
2 8 ,9 8 0
2 1 ,2 0 4
S y ra c u s e E'sf--81ft«Ry, Set* le u lb r.
3 ,3 2 2
2,781
B yraoiis* R ap, T r. fty , H en t.em tt'r 3 7 ,4 6 9 3 3 ,7 1 5 3 1 7 , s 13 3 2 1 ,7 1 9
120,341
1 1 1 ,7 9 0
T e r r e H a u te B P a , H y . SeptocBiPr. 14,259 13,7 0 5
T h ird Avenue (N .Y .j. J u n e ..........................
_____ 1 ,2 5 0 ,4 9 3 1 ,2 9 2 ,9 1 6
8 1 9 .1 6 4
T o r o n to R y
. . . . O c to b e r ...! 8 8 , t o t 7 7 .5 8 0 8 7 0 ,3 3 8
T w in C ity K ap. T ra n July.........192,817 177,839 1 ,1 0 3 ,2 1 6 1 ,1 3 9 ,0 0 3
169,138
161,375
U nion (N. Bedford)., S e p to m b 'r.i 2 0 ,1 1 3 1 9 .9 8 #
uaBBlft Tr«ot. IPUIs.) S eptw m b’r. 122 5 1 4
Hatted Tract. (Prov./ S n p te m n ’r J 1 5 9 ,930 140,919 1 ,2 9 5 ,9 2 6 1,312*,6*5*8
1 5 0 ,7 7 3
V t u t friw i, (R e a d in g / S ep to sn ii’r. j 1 7.8 7 8 17,6 18 4 9 2 ,1 7 5
48,549 4 5 ,8 1 0
4.978
W a k e fe id A S ta n s , , ,, H cp tm n b ’r. \ 8 .2 3 1
1 7 8 ,3 4 3
W a te r a n r y 'F ra c tio n . H eptornliT . 23,9:28 2 0 ,(2 6 1 8 9 ,1 9 0
W **t C h ic a g o 0 L Ry BcjBteilttf'r. 3 5 2 ,381: 3 8 1 ,6 8 5
W h eel ny H a llw a y .,, S e p to m lj'r, j 18,1 / f : 14,000) 123,524: 126,45*7.
Wllk«*f> tk IVf V aliev SeptoOiiti’r d a.l, 379 4 4.971 353,983 l 376,6:44

IncludM Baltlraore Traotlun and City ASuburban for both year*.

A N N U A L REPORTS.
Annual Reports,—The following is an index to all annual
report# of etoam railroads, street railways and miscellaneous
companies which have been published since Che last editions
! o f th e I n v e st o r s" a n d S t r e e t R a il w a y S u p p l e m e n t s .
;
This i n d e x d o e s n o t i n c l u d e r e p o r t s i n to-day’s C h r o n i c l e .
j
:

S t r e e t R a il w a y s .
K a il w ia d s i s u m iiw e l . o o . ’ts.
V n hunr 0 5
P age.
V o lu m e 6 6 —
P age,
A merir&n T TP® F^tm ders . . . . . . . . . . 8$2 I Brooklyn Rapid T ran sit System .. 328
M & m to n
& W««l> T e x * * ........ 888 1 Bry Dock E. B. & B atter? l>*. Y. . 568
Kj i m &s City fU Beott & M em phis. 821 (•Kiritfs County Elevated, B k ly n .... 587
.
.......... 6i8
W M mm C*6y M c m p f s i* A B S r . .......... 8 2 0 M etropolitan St. Fty,
...
— . .. . 018
821 ito e h e ste rR y
Mato© C en tral...... .. ................
M huiouil »i.an«i* & TdxaB— . . . . . . 820 Onion T raction. Philadelphia........ 516
B«8
•
V’-rk,. ............ >.-2 i Utica Belt L ine.................
F m ii* 11*8.1, L igh t and P o w e r .. . . . . 824 Yonkers R It............. ....... . . . . . . . . . . 514
Seahoard A fU m n u k v, ........................... 821
W est Virginia # P itts b u r g ............ 621

Sonthcrn Pacific Company.
( Report fo r the year ending June SO, 1897,J

On pages S71 to 877 of to-day’e C hronicle -will be found
extracts from President Huntington’s report to the stock­
holders, together with balance sheet and extended tables of
earnings, etc,—Y. 65, p. 778.
Central Pacific Railroad,
fR ep o rt fo r the year ending June SO, 1897,J

Extracts from the President’s remarks and the balance
sheet will be found on subsequent pages.
The res alto from operation have been compiled for the
C h r o n i c l e as below:
18 9 7 .

E a r n in g s —
P a s s e n g e r . . . . ................................................

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

Freight...................... ..................

M is c e lla n e o u s ...............................................
T o ta l ........................... ...........................
E xp en ses—
M a in te n a n c e o f w a y , S e e . . . . .................
“
“ e q u ip m e n t................... ........ 1 ,3 7 5 ,8 6 2
C o n d u c tin g t r a n s p o r t a t i o n ................... ........ 3 ,9 7 9 .4 4 3
Tnf.nl
................................................
Kefc ©aminga ............ ............................... ..

18 9 0 .
1 ,3 5 9

4 ,9 9 0 ,8 1 3

1 2 ,6 9 8 ,1 1 4
1 ,6 4 8 ,8 5 1
1 ,3 3 8 ,3 0 8
4 ,1 3 1 .8 4 5
89 6 ,9 5 8
8 ,0 1 5 ,9 6 2
4 ,6 8 2 ,1 5 2

The report for the year ending Dec. 81,1890, was published
in the C h r o n i c l e of May 8. To comply with the re­
quirements of the Inter-State Commerce Commission and
the various State Railroad Commissions the fiscal year of the
company has been changed to end June 3o. The following
statement shows the results from transportation operations
for the six months ending June 30,1397, and embraces re­
ceipts and disbursements reported by t ie lessee and disburse­
ments made directly by the company ; also proportion of

1HK (!HK(. N l LK

8H6

charges for taxes and other liibilities chargeable to the
operations of the six months ending June 30.
Receipts—

Groas tran sp ortation earnings. ..................................
O peratin g e x p e n ses .........................................................

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

E arnings o v e r op eratin g e x p e n s e s ............................
T rackage autl other r e n ta ls............................................

..$ 2 ,1 1 4 ,3 2 0

66,130

$ 2 ,1 8 0 ,4 5 0
T otal receipts.
Expend* u rrs —
$71,139
T nu Kage and other r c u ta ls...................................................................
2 4 ,8 0 4
B e tterm en ts and n d d ltio u s..................................................................
6 .4 8 6
T a x e s paid on c o m p a n y ’s p ro p erty . ..............................................
85,000
Tax* s assessed but n o t d u e ............. .................................................
1,616,983
In terest accrued on bonded d e b t................................ .
117,5 00
P rop rtion o f a n n u al co n trib u tio n to co m p a ny ’s sin k , fu n d s
3 2 4 ,5 21
C. S. Thurm an A ct req u irem en t.............................. .......................

( V O L 1 .X V .

CONDENSED BALANCE SHEET JUNE 30, 1897.
A sse ts—
Road a n d e q u ip m e n t..$ 2 8 ,3 1 1 ,7 9 7
B on d s p arch , a n d e a n . 1 ,2 6 0 ,0 0 0
S e cu rities ow n ed ..........
1 4 4 ,9 6 5
M aterials an d s u p ___
2 7 1 ,0 1 5
B ills r e c e iv a b le ............
5 » ,1 5 6
Open a cco u n ts, e t c ___
3 5 4 ,6 0 9
S ou th ern P aoltic C o ...
4 1 4 ,3 1 9
C ash...................................
2 3 4 ,6 7 7
T o t a l......................... $ 3 1 ,0 4 5 ,5 3 8
—V. 65, i>. 463.

T otal ex p e n d itu r e s...........................................................................$ 2 ,2 4 9 ,4 3 3
D eficit from o p era tio n s...... ..................................................................
$68,9 83
—V ,6 , p. 8 2 3 .

L ia b ilitie s—

S t o c k ................................ $ 10,000,000
B o n d s ........ ...................... . 1 7 ,4 6 4 ,4 2 0
1,000
Loaus and b ills p a y ...
3 1 3 ,7 2 3
V ouchers & p ay r o lls..
2 9 8 ,8 1 5
A ccrued iut. to J u ly 1,
1 5 1 ,6 1 8
Open a c c ts., e t c ............
3 4 7 ,2 2 9
D ep o sito rs..................... .
2 5 ,1 7 3
M iscella n e o u s .............
B alan ce, s u r p lu s ........... 2 ,4 4 3 ,5 6 0
T o t a l......................... $ 3 1 ,0 4 5 ,5 3 8

Norfolk & Southern Railroad.
(R eport for the year ending June SO, 1807. J
The earnings, expenses, charges, eto., have been ai follows:
EARNINGS, EXPENSES, ETC.
1896-7.

E a rn ings—
$
Houston & Texas Central Railroad,
...............
2 9 1 ,1 3 1
F reigh t......................
............................. 7 0 ,7 1 4
P a sse n g e r ........1 ...
( Report for the year ending June SO, 1S97.J
............................. 8 ,9 3 7
M a il........................
President Thomas H. Hubbard says in substance:
Express, &c........ ............................. 4 ,8 8 9
............................. 2 1 ,9 2 5
General Results.—Daring the first half of the fiscal year '1 rtuinal ...,.........
the business of the country m s exceptionally depressed and L ig h tera g e .'.......... . ............................. 1 9 ,0 6 6
............................. 9 ,9 6 5
s
e s ----it improved only slightly during the last half of the year. Other bo u r crou tes
............................. 3 1 ,2 9 0
S team oat
As a cons quence the number of passengers carried decreased
T o ta l................................................
4 5 7 ,9 1 7
4-59 per cent, and passengers carried one mile 8-24 per cent.
The average receipts per passenger per mile were 2-391 cents. MExjten&es— of w ay, e t c ....................... 6 6 ,5 1 4
ain ten an ce
The increase in freight earnings resulted from an increase in M ain ten ance of e q u ip m e n t................. 4 7 ,9 3 9
tonnage, in the average lengtn of haul, and in the higher C on d u ctin g t r a n s p o r ta tio n .................. 1 4 1 ,7 6 7
2 8 ,1 3 9
class of commodities moved during the year, and a decrease G eneral. ............
S a m b o a t r o u tes......................................
in the lower grade commodities moved. Tne number of tons T tex e s .............................................................. 3 4 ,5 0 0
a
1 2 ,5 1 5
carried increased 30,867 tons, or 2-91 per cent, aad tons car­
T o t a l .........................................................3 3 1 ,3 7 4
ried one mile 9,673,231 tons, or 5-80 per cent. The average
N e t e a r n in g s .......................................... 1 2 6 ,5 4 3
receipt • per ton per mile were 1-316 cents.
P er c e n t o f e x p e n se s to ea r n in g s— (72-36)
The tons of freight c rrried are classifier1 in part as follows: O ther r e c e ip t s ............................................ 2 ,6 9 4
,
Year.
Tn*al.
1MD7.... 1.001,308
\ i C....l,0t5l).5i»l

Cotton,
110.-‘03

O 'a ln

1*0,811

69.385

Seed.

Cattle.

40,407

C9.28245,010

61,162

Coal.

05,031 ft 48,1 O
f)

Ston -,
etc. Lumber,
104,001 1*4,081
267,515 154,472

T o ta l n e t in com e

D educt -

In terest on b o n d s ...
Other in te r e st.............
D iv id e n d s ....................
M iscella n e o u s.............

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

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

1 8 9 4 -5 .
$
2 8 2 ,6 4 8
6 9 ,6 4 2
8,955
3 ,8 8 7
2 1 ,7 3 5
1 0 ,0 1 6
1 0 ,3 2 2
2 9 ,3 8 9

4 5 3 ,4 4 2

4 3 6 ,5 9 5

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

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

3 2 2 ,2 3 5
1 3 1 ,2 0 8
(71-06)
5,181

2 8 1 ,9 6 6
1 5 4 ,6 2 9
(68-40)
2 ,0 4 2

1 3 6 ,3 8 9

1 5 6 ,6 7 1

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

3 6 ,2 5 0

189 5 -6 .

$

857
The numl>er of tons per train averaged 158*34 tons, an in­
8 0 ,0 0 0
crease of 5*81 tons over the p evious year. The average cost
1 9 .9 7 1
of maintenance per mile of main track op rated has been
1 2 0 ,9 8 5
T o t a l.......................................................1 2 8 ,7 3 2
1 3 7 ,0 7 8
$1,076 per mile. The expenditures for additions from Jan­
1 9 ,5 9 3
1 5 ,4 0 4
50 5
uary 1, 1896, to June 30, 1897, have amounted to $171,329, B a la n c e , s u r p lu s......................................
and were, in accordance with the company's practice in re­
CONDENSED BALANCE SHEET JUNE 30. 1897.
spect thereto, charged against net revenue.
Credit
D
Bonds Paid from LandSa'es, Etc.—[The facts regarding the Ro ebit—d e q u ip m e n t...$ 2 ,7 7 0 ,0 0 0 C ap ital —o c k .................... $ 2 ,0 0 0 ,0 0 0
st
d an
total bonds paid from land sales ana the am ouit of lands C asli for in t. and d i v s ..
6 2 ,5 9 7 F u n d ed d e b t .....................
7 5 0 ,0 0 0
2 0 ,0 0 0
26,2 5 1 B ills p a y a b le ...................
still unsold are given in an item »n a subsequent page of the C ash Nor oik office........
D ue c o m p a n y ..................
4 5 .4 4 9 D u e b y c o m p a n y ............
3 3 ,9 4 8
CHRONICLE under the heading “General Investment N ew s/’] S u p p lies an d m aterial..
2 5 ,0 9 9 R an ger in su r a n c e a c c t.
34
There were purchased and canceled since December 31, N e iise g u aran tor a c c t ..
3 1 ,6 0 5 P rofit an d l o s s ...............
1 5 9 ,9 3 8
2 ,9 1 9
1 '95, from proceeds from the sale of lands $45,000 first mort­ O rien tal W harf, ^ c o s t.
gage 5 per cent bonds. The Houston Union Depot 7 per cent
T o t a l ........................... $ 2 ,9 6 3 ,9 2 0
T otal ...........................$ 2 ,9 6 3 ,9 2 0
bonds have all been paid off and canceled.
—V. 6 3 , p . 600.
Phys cal Condition.—The property is in excellent physical
condition and is well equipped. In addition to current re­
Southern California RR. (Atchison System)pairs and renewals there has been expended for betterments
( Report fo r t ie year end.ng June SO, 1897.J
and additions since April 11, 1893, when the property was
turned over to the company, the sum of $735,969,
The interest of the public in the Southern California, with
As to maintenance the report in brief says:
its 491 miles af road, is practically confined to the three m il­
M a in te n a n ce o f TTay a n d S tr u c tu r e s .—T he in crea se in these ex p en se s lions or so of preferred stock, which is still afl mt. The bal­
resu lted en tirely from the n ew rails p u t in track. There w ere reduc­
tio n s in b a lla stin g , cro ss-lies, etc. There w ere used in m akin g repairs ance of the company’s securities, as the following table
and ren ew a ls duriug th e y ea r tb e fo llo w in g m aterial: M iles of new shows, is almost entirely owned by the Atchison Topeka &
ste e l rails (75 lbs. p er yard) 17; cro ss tie s (b u n iettiz ed ), 245,661; Santa Pe, ant has been deposited by it as part security for
ci o ss tie s (tititr a te d ). 4,435; equal to m ile s o f track, 88; percentage of its general mortgage of 1895:
ren ew al o f rnfal num ber in track, 14-71; ereo so ted p iling in repairs of
tim b er trestlin g , lin ea l feet, 28 .3 9 3 ; creo so ted lum ber, B. M. feet,
635,489; u u treated lum ber, B. M. fe e t, 2 6 6 ,7 4 8 . R epairs w ere m ade
on 134 tim ber trestles, a g g r e g a tin g 2 2 ,4 4 5 lin ea l feet.
M a in te n a n ce o f E q u ip m e n t.—A. g rea ter am oun t o f ex p e n siv e repairs
w as m ade on lo c o m o tiv e s th is y ea r th a n w as m ade in th e previous
year. Included in the rep airs o f freig h t cars is $ 6 ,0 9 3 for replacing 21
freight cars condem ned and destroyed. A s lo co m o t ves and ears are
condem ned or sold the op era tin g e x p e n se s a re charged w ith the cost
of replacing them w ith eq u ip m en t o f the co m p a n y ’s p resen t standard.
The com pany o w n s 9 8 lo co m o tiv es 80 p a ssen g er cars of all kinds,
2 ,3 5 0 freig h t cars of a ll kiuds. Of the freigh t cars 1 ,1 3 4 are equipped
w ith a u to m a tic air-brakes a n d 192 w ith a u to m a tic couplers.

Earnings.—The earnings and balance sheets were:
EARNINGS AND EXPENSES.
1897.
M iles o p e ra ted ........................ ...
4 53
O peratio n s—
P asse n g e rs c a r r ie d ................. .
6 5 4 ,6 5 9
P a ssen gers carried o n e m ile.
2 6 ,1 9 2 ,6 3 5
T ons carri d .............. ...............
1,0 9 1 ,3 6 8
T on s carried one-m ’i e .............
1 7 6 ,3 9 0 .0 1 9
E a r n itty s—
$
P a s s e n g e r ....................................
6 3 3 ,5 5 6
t .........................................
. 2,3 2 0 ,9 4 9
M iscellaneo us.............. ..............
2 5 2 ,0 6 7

1896.
453
686,157
28,870,821
1,060,501
166,716,788
$
680,800
2,198,0 >2
264,413

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

3 ,2 0 0 ,5 7 2

3 ,1 4 3 ,305

M ain ten ance of w ay, A c ...........................
M ain ten ance o f eq u ip m en t.......................
Cond'n tra n sp o rta tio n ..................................
G en era l................................................................

486,7 8 1
3 2 4 ,1 4 5
1 ,1 2 4 ,4 8 2
2 3 8 ,7 3 2

4 7 6 ,675
2 8 8 ,4 6 2
1 ,1 2 2 ,384
220,019

t o t a l ...........................................................
N ot e a rn in g s....................................................

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

2 ,1 0 7 ,540
1 ,035,765

Expenses—

INCOME ACCOUNT FOtt 1 8 9 0 -9 7 .
N et earn in g s.....................$ 1 ,0 3 2 ,4 3 3 i T a x e s .......................
O ther r e c e ip t s .................
2 4 ,1 1 4 I In terest on bonds.
I M is c e lla n e o u s. . . .
T o t a l.....................
urp lu s for yea r

$72,273
805,345
4 5 ,5 4 4
.$ 9 2 3 ,662
,$132,885

BONDS AND STOCK OF SOUTHERN- CALIFORNIA KK.

Total
o u ts ta n d in g .
C om m on sto c k ................................. $ 6 ,7 5 2 ,0 0 0
P referred sto c k ............................... 6 ,0 7 2 ,0 0 0
1st m o rtg a g e 6 s ................................ 2 ,0 5 6 ,0 0 0
In co m e 6 s ........................................... 3 ,5 0 0 ,7 4 0
C alifornia C entral l s t m t g . 6 s .. 2 ,5 4 8 ,0 0 0 )
do. in te r e st if earn ed ................ 3 ,9 0 9 ,0 0 0 $
1 0 8 ,0 0 0 l
R edondo B oaeli 1st m tg. 6 s ........
do. in te r e st if e a r n e d .................
1 6 2 ,0 0 0 s

O w ned by
A tc h is o n .
$ 6 ,7 5 2 ,0 0 0
3 ,0 1 6 ,8 0 0
2 .0 5 6 .0 0 0
3 ,4 4 2 ,2 2 0
6 .4 5 7 .0 0 0

H e ld by
p u b lic .
N on e.
$ 3 ,0 2 5 ,2 0 0
N one.
5 8 ,5 2 0
N one.

2 7 0 ,0 0 0

N o n e.

As may be determined from the ab we, the annual fixed
interest charge is $382,790, and the interest payable, if
earned, $454,304 ; making the total interest charge payable in
full for each year before the preferred stock is entitled to
divide ids $737,034. The annual sinking funds, which have
not been charged against income since 1888, call for $92,270
yearly. The company has paid all moneys required for oper­
ating expenses, taxes, improvements, equipment, construc­
tion, etc., and also $881,150 of the $2,211,485 due the Atchi­
son for interest on the fixed interest bearing bonds. The bal­
ance unpaid ($1,310,279) is shown in the balance sheet. In
addition, the amounts due the sinking fund aggregate $657,396 ant the unpaid interest on the income bonds $3,634,435,
m iking the total deficiency on account of these items, to be
provided for before payment of dividends on stock, $4 691,431.
For the fiscal year ended Jn le 30, 1897, the deficiency to be
provided for before payment of dividends on the stock was
$818,351, of which $ 125,713 was deficit under fixed charges,
the remainder being sinking fund and income bond interest.
The physical condition of the property has been improved ma­
terially since Jan 1, 1896, and other necessary renewals and
betterments are in progress.
Earnings, E tc —The following statement shows results
in the last two fiscal years and for the whole period since
the first Atchison reorganization :

THE CHRONICLE,

N ovember 6, 1897, j
-—F e a r e n d ed J u n e 3 0 .-1897.
1896.
E a r n in g s —
$ 7 8 0 ,1 1 7
P a w c w r c r ........... ......................... $ 6 6 0 ,3 1 2
1 ,2 3 8 .9 4 1
1 .1 6 4 .9 9 3
. - u ______ .................
140,303
1 4 5 ,6 4 6
ilia o«ll>i n e o u * ... ........................

Ocl. 1, >89, to
J u n e 3 0 , ’97.
$ 5 ,9 5 5 ,3 5 8
8 ,4 1 2 ,2 9 0
1 ,3 5 1 ,9 8 0

C ro n s .................
E x p e n s e s ............. ......................... 1 ,6 7 9 .2 6 8

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

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

N e t ..................... ......................... $ 2 8 6 ,3 4 0
T a x e s , Im p ro v e m e n ts , e t c . . ...
2 2 9 ,3 3 3

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

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

T o ta l n e t .............. ....................... .
F ix e d I n te r e s t c h a r g e ...............

$ 5 7 ,0 0 7
2 8 2 ,7 2 0

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

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

$ 1 9 6 ,9 9 3
D e tic it................ ......................... $ 2 2 5 ,7 1 3
iA U .vi.:i; ail l e t J t m B 3 0 , 1897.

$ 4 4 1 ,6 2 1

867

tione, $'3,563; damages, $31,964, and voucher, $8,37S; Denver
Union Water Company, $1,250.
BALANCE SHEET JUKE 30.

Assets—

R oad. ...

185)7.

t

....

328,486

Pen Con. Tramway
Co. 33? s p e r c e n t
bonds and 2,0U
shares of stock... 360,751

D e o . R e a l t y C o ra o a n v , 3.020 s h a r e s 302,000
C a s h : , . ............. ..
S t,259

v.aterial assets. ...
Bills receivable. ..
Denver Realty Co..
A c o ts , r e c e i v a b l e . , .
Miscel. accounts....

60,001
32,819
-----21,400
167

1896.

1897.

Liab lities—
6,291,546 S t o c k . . . . ..................... 3 /

1896.

1 0 3,000,000
.0 0
B o n d s . . ........................ 3 / -- 1,900 3,-592,000
C o lla r t r u s t n o t e s . . 25 ,0 0
0 161,000

360,442

A c c r u e d i n te r e s t , o n
5 p e r c e n t b o n d s ..

7,437

Accrued iiit. on col.
trust notes......... .

4,140
0,156 D e n o s i t f e e s . .........
■',007
....
01
57,583
B i ll s p a y a b le .............
D ,633 A c e ts. p a y a b le ........ . 113,795
80*3,000 Mis e e U a n e o u s ........ ..
325

,-59

lV’-5
3
45,SS0

Surplus fu n d .......... 130,918

7,137
4,133

lf l P
I of l i l t

L'mbiU>ic$—
Assets—
Total assets. .. 7,180,136 7.132,119
T o t a l U a b U lU w .7 .1 80.186 7,123,119
Komi and equipment ..$25,370,822 Com m on s to c k ... . . . . . . $6,752,000 ! —V, 6 3 , p. 8 7 8 .
S e e n rttfe * o w n e d .. . . . .
20 / 5. P r e f e r re d s to c k — ___ 6 ,0 7 2 ,0 0 0
12/28 i ,740
R e a l e s ta te in t r u s t . . .
1,2 8 3 Funded d e b t....... .
Baltimore Consolidated Railway.
5O.0UO !
M a te ria l a n d f u e l . . . . . .
1 3 1 .1 3 3 B onds ea.oee.led,. . . . . . .
P rep aid ia 4u.ra.11ee. . . .
1,1)05 D im A tc h iso n f o r fixed,
f Official Statement as o f July 1,1897.)
in te r e s t o n p a i d . . . . . . 1 ,3 3 0 ,2 7 9
A eeoiinta receiv ab le.,
$9*3*5
C a sh . . ...................
7 5 ,3 5 0 lu e . bond s c r i p ,e t c ...
130
The Baltimore Consolidated Railway Co. was incorpo­
R oiling sto c k replaceP r o tit a n d lo ss - d e f ic it:
To Sept. 30, 1 8 8 0 ....
652,687
610 ! rated June 17, 1897, as a consolidation of Baltimore Trac­
in cu t f u n d ___ . . . . . .
A ccounts p a y a b le . ....
295,850 i tion Co.. City & Suburban Railway Co. and Lake Roland
Oct. 1.
to dan©

Elevated Ky. Co,, under an agreement of consolidation,
which was *xw u ed under the special act of the General As­
sembly of Mary hind, being Chapter 266 of the laws of 1892,
Vermont Valley EE, of IS fl and Sullivan County HR. and which w«* filed with the Secretary of State, and thus
becom s the charter of the company. The company was
f Report fo r the year ending June SO. 1897.)
formed to operate -facet railways in Baltimore City and
The report for the year shows:
County, and $ h,< 00,000 capital stcek was authorized, of
—Vermont Vat. /£/?*—
.
8 ■ iro n Co, K B ,— which $9,172,000 (300.>80 shares of $25 each) have recently
l
.
1895-96.
1896-97.
1396-97. 1895 96. been listed on the Baltimore Stock Exchange. The stock is
$
$
$
8 7 .110
92,523
P assen g er, exp. and m all. , 84.830
94,639 full paid and non-a.-sessable. There are 190 8 miles of road.
P re lx h t....... ......................... .114.730
126,693
151,717
130,813 The funded debt of the corporation is the assumed mortgages
B e at, divid en d s, & e.......... . 41,74.4
11,701
582
642 of the various lines acquired by the consolidation, as follows:
treet Rahovat STOt).... $6,050,000
’
255.304
344.822
226.094 Baltimore Traction bowl* (--<• S
T o ta l e a rn in g * ______ .241.160
173,369
l 17,751
155,111 C ity A S u b u r b a n B y.. 1 st m o rtg a g e 5 p e r c e n t b o n d s ............. 3 ,0 0 0 ,0 0 0
O p eratin g expense*.......... . 132,923
Lake Rolaml E le v a te d By., 1-t m o rtg a g e 5 per cent: bonds. 1,000,000
5 0 0 ,0 0 0
107.7-53
~71,453
Net e a rn in g * ................ .108.238
70,983 B ttlto. C u te r sv ilie At E H Ic o tt M ills let 5 p e r c e n t b o n d s .....
5,050
11,530
10,879
There is no floating debt. The officers of the company
T axed p a id .......................... .. 5,006
40,000
14.280
I n te re s t on bon d * ............. 40,000
14,280 are: Nelson Perin, President: Wm. A. House, Vice President
T r a c k r e n t a l # ....................... . 2*500
2.000
5,000
5,200
60,000
D iv id en d * ..................... ..... , 60,000
40,000
40,000 and General Manager : F. S. Hambleton, Treasurer, and T.
0. Jenkins, Secretary. The office is at Druid Hill Avenue
107,050
71,410
T o ta l .............................. , 107.566
7 0 ,3 5 9 and Retreat Street, Baltimore. The Mercantile Trust & De­
B a la n c e ............................. . imr.072
sar.703
*ar.43
»ar.624 posit < > of Baltimore is the transfer ag. nt for the stock.
V.
'DALA-VC* *HBAT VEKMOXT V iL t.K r KR VC N r 3 0 , 1808.
As the company only acquired possession of its lines on
iAaljLiHe*.
July 1 , 1897. no earnings can lie shown, but the following
C o n stru ctio n .................. #081,361 | C a p ital atn n k ............ ...$ 1 ,0 0 0 ,0 0 0 figures are given for the constituent companies:
" u ’ tn e u t___ _
—jF '
800,000
lih lp
B6.O30 — irst m o rtg a g e bond*.
30 , 1 8 9 7 . . . . . . . . . . .

4-41,621

T o t a l . . . . . . . . . . .........ii0 ~ 7 8 5 ,6 lS

M iiliv u Co. R R s to c k .
B o sto n & M ain e H R ___
S u lliv a n Co. R R ..............

T o t a l . . . . . . . . ............ $ 2 6 ,7 8 5 .6 1 8

8 0 0 .0 0 0 1 D iv a le n t! im y ’b l t J a y 1

30.000
12.000
100,007

43,216 i F or new u n u lw u e u t_
_
21.151 I Profit and Kiss..............

T o ta l a w e t* .................* 1 ,9 1 2 ,0 0 7 | T o ta l U a b iU tle * ............ $ 1 ,0 4 2 ,0t>7
UAL.ROE SRBR-t SC t.M V iS COBXTV R«. JtJJi* 3 0 , 1806.

.1* <
1 rU

L ia h ilititt

C a H t n u t ln n ................... .. $ 8 8 i>,0-55 C a p ita l s to c k ..................... $ 3 0 0 ,0 0 0
Eqolptoent— .
.....
98,175 F i r s t m o r tg a g e b o n d * . 3 5 7 ,0 0 0
Ufa Brook Bridge......
11,089 V ep H im t V a lle y R R ___
S l . l ’-i
B o sto n * M ain e R R ___
2 2 ,7 . 7 F o r W to d » o r H r id v e ...,
6 ,0 0 0
lo t . a c c ru e d n o t d u e , , .
3 ,5 7 0
F r o n t a n d liw a ..................
1 3 0 ,9 0 6
T o ta l.
- V . 63, p. 8 7 7 .

$ 1 ,0 2 0 ,0 8 0

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

$ 1 ,0 2 0 ,0 8 5

Middli'toTrn-Goahea Traction.
( Earning * for the year ending June SO, 1807. J
1806-7. 1895-6. I
1896-7- 1895-8
Ore** e * t* trin « ...$ t« ,S 8 4 $52,615 j l a t e r e * ! ,.. .......... * 1 0 ,5 0 0 * 1 6 .5 0 O p e r a tin g <?*|*>n 1 4 .3 9 0 4 1 ,5 0 0 I T a x e s ___ _ ..........
1,545
1,384
S e t e a r n in g s ..., $2,1.88 $ 1 1 ,2 5 5 j T o ta l............ ....* 1 8 ,0 4 5 * 1 7 ,9 9 0
O th e r Inco m e ... 1 .3 2 5
1 .1 8 7 ) B u lo n e a
def. 1 4 ,5 3 2 4 f .f i .t l 8
T o ta l n#-t............. $ 3 ,5 1 3 $ 1 2 .1 1 2 •
M S O M . BVLVNCK SHEET JTf»E 3 0 , 1897,
C o s t o f r o a d . ......... ............. *© 6 2 ,6 9 0 . S to c k . ....................................* 4 0 0 .0 0 0
S to c k a n d b o w l* ............ 2 5 0 ,0 0 0 * F u n d e d d e b t ....................... 4 0 0 ,0 0 0
S u p p lie s » n h a n d . . ..........
2,861 i L o a n s .....................................
2 2 .7 5 0
Op- u »*• •••►tints...................
9 4 7 | A c c o u n ts p a y a b le , e t c . . .
8 ,6 5 4
C a sh o n h a n d . . . . . . . . . . .
1 : S u n d r ie s .................................
785
P r o m a n d lo s s, d eft.-it . .
1 5 .9 9 3 j

T o ta l__ ____ . . . . . . . . . $832,195 !

Total...............- ......... $ 832,105

Denver Consolidated Tramway.
f Earn ups fo r year ending Jut e SO, 1897 )

The f illo ving m itemeTK for the late fiscal year has been
furnished to the Chhosfci.e :
f > ® f tw fin a j 9 m m SO-**
Otm n ®»nrt»gs — —
O p eratio n eatpeiiSRi

1897,

1896.
$729,999
415,966

1895.
$710,103
*132,501

$283,433
1 1.905

$277,602
11.163

$295.33$
T o ta l.. ............................................ ...........$300,710
B rd U€i—
$199,750
I n t e r e s t ....... - ..... ....................
12.615
_____
10,702
T a k e s ............................
25,778
28,61 4
M lseellaneoa*........................ ...........
W f l l t i d f l * . - . * *-- A * A * * e . * *(*
*
( V i 10,000

*288,763
$197,968
12,857
15.841
(2%) 00,000

$256,069
$39,269

$236,686
$2,099

*,.

X<4 tiaraln g *.......... .......... .......... *289,023
11,687.
O tlw r tn eo m e.............. - .......... ...........

T n te l...............................
Baiani-e, -o rp in * ...........

1896.
18951896.
1895.
Gross receipt* ...............$1,269,514 $1,179,101 $1,01 4,541 $930,585

O p e ra tin g e x p e n s e * .............

6 4 6 ,1 2 8

6 3 9 ,7 0 7

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

Receipts over oper. err.....

6 2 3 ,3 8 0
4 45,511

539,484
.413,097

365,560 315,125
216,128 211,7-19

F ixed c h a r g e s.........................

Balance, surplus........ $ 1 7 7 ,8 7 5 $ 1 2 6 ,3 8 7 $ 1 4 9 ,4 3 2 * 1 0 3 ,3 7 6
The financial statement of July 1,1887, shows: Total assets,
*19,722.000; liabilities, capita! slock, $9,172,0(0; bonds as
above, * 0 / 50,0 0; total, *19,722,000.—V. 64, p. 1180.
Atlantic Coast Electric Railroad.
(R>port fo r year ending Oct. I, 1897.)

A revised statement of the company’s earnings is as follows:

Res ilh» for the late fiscal year compare with previoa* year
as follows:

- v - . t . f.

I ln llim o r t T ra c t’n .—. ------C ity <t S u b .------ ,

In th« above statement, "other income" for 1697 includes
sale of scrap metal, *7,657. and sundries credited to profit
and lo#s. The miscellaneous charges for D 97 include dona

Gross
T e a r e n d in g Oet. 1 , 1 8 9 7 —
r te c tp lt.
R a ilro a d ...................................................$ 1 3 7 ,2 7 9
L ig h tin g ...............................
5 0 ,8 0 1

Opt ra tin g
t x p e m e t.
$ 5 8 ,1 0 6
23,9-17

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

T o t a l . . . . . .......................................... $ 1 8 8 ,0 8 0
$82^053
$ 1 0 6 ,0 2 7
T a x e s , In s u ra n c e a n d r e n t a l s .................................................................... $ 1 1 ,7 3 0
F ir s t m o rtg a g e R R $ 8 0 0 ,0 0 0 a t 5 n o r r e n t ........................................ 4 0 ,0 0 0
S e a sh o re C l.-rtrlr Ry. Co. $ 2 0 0 ,0 0 0 a t 0 per c e n t ........................... 1 2 ,0 0 0
•General m o rtg a g e RR. Co. $ 3 5 0 ,0 0 0 n t 5 p e r c e n t . . ........ ......... 17. .00
F ir s t m o rtg a g e K lev trio L ig h t Co. $ 2 3 7 ,0 0 0 a t 5 p e r c e n t .......... 1 1 ,8 5 0
S u rp lu s .......................................... - ............................- .................. *----- $ 1 2 ,9 4 7
- V . 65, p. $22.

Merganthaler Linotype Company.
( Report fo r year ending October 1, 1897.)

President and Manager P. T. Dodge says in part:
The bn-does* has continued to prosper, the earnings have
been large and the cash dividends (|i,350,0! 0) exceed those
in any preceding year. The Linotype machine has steadily
gained in public favor, and is without any rival worthy of
serious consideration. It is universally recognized as the
only machine suitable for the-uses of the newspaper pub­
lisher. In the book fi-Id and for miscellaneous printing Its
progress has been most, gratifying. Oae of the features of
i the business is the increasing use of the machine in the
smaller offices
, ,
,
.
The expenditures of the year include a number of extra­
ordinary items, among which is the cost of a complete steam
and electric, plant for driving the machinery and lighting
and heating the factory. Another large item of expendi­
ture represents the purchase of a controlling interest m the
stock of the National Typographic Co. The improvement
in the business conditions at large have been followed by a
gratifying increase of orders at satisfactory prices.
In the MonoHue case the Circuit Court ot Appeals of the
District of Columbia, the tribunal of_ last resort, recently
rendered a favorable decision, holding in effect that Scudder
was nofc the first inventor of vital features of the Monoline machine, and that Mergenthaler is entitled to receive
the patents, which are expected to issue at an early date.

THE CHRONICLE

888

[V o l . L X V .

M o r g a n & Co. o n or b e fo r e J a n . 2, 1898. T h e b o n d h o ld e r s
a g r e e m e n t s , u n d e r w h ic h t h e (d e p o sits a r e a sk e d , p r o v id e s ,
a m o n g o th e r t h in g s , t h a t J . P . M o r g a n & Co. s h a ll h a v e
p o w e r to r e p r e se n t th e b o n d s in a l l m a tte r s in C o u r t, a n d in
c a s e o f d e f a u lt to in s t it u t e fo r e c lo s u r e p r o c e e d in g s . A v o t e
o f h o ld e s o f 75 p er c e n t in a m o u n t , o f t h e c e r t if ic a te s r e p r e ­
s e n t in g d e p o site d b o n d s w i l l m a k e e f fe c tiv e a s'to a l l t h e b o n d s
d e p o site d a n y p la n o f r e o r g a n iz a tio n o r s e t t le m e n t .
‘I n c a llin g f o r d e p o sits as a b o v e s ta te d t h e fir m s n a m e d r e ­
c i t e a t le n g t h th e r e a s o n s w a y s u c h a c t io n is n e c e s s a r y .
S in c e (h e b e g in n in g o f t h e r e c e iv e r s h ip t h e y h a v e b e e n
g u a r d in g c a r e f u lly th e r ig h t s o f t h e 5 p e r c e n t c o n s o ls . T h e
first is s u e o f $5 .000,000 r e c e iv e r s ’ c e r t if ic a te s t h e y a p p r o v e d ,
BA LAN CE S H E E T OCT. 1 .
r e l y i n g o n t h e o p in io n e x p r e s se d b y t h e r e c e iv e r s t h a t i f s u c h
1896.
J& Sm
„ 18 9 7 .
$ 8 4 6 ,0 4 7 is s u e w a s m ad© it w o u ld b e p o s s ib le to p a y r e g u la r ly t h e r e ­
C a s h .............................
$ 9 8 1 ,2 7 8
1 ,3 7 8 ,9 7 7 a f te r t h e in te r e s t u p o n a ll b o n d s fo r w h ic h t h e c o m p a n y is
C u sto m e rs ’ n o te s r e c e i v a b l e . .. ........................... 1 ,3 8 1 .3 8 9
2 4 7 ,8 5 3 d ir e c t ly r e s p o n s ib le , an d a lso u p o n a ll l ie n s c o v e r in g t h e
O p e n a c c o u n ts ..............................................................
3 8 5 ,1 6 2
2 7 6 ,8 9 8 c o m p a n y ’s p r in c ip a l le a s e d lin e s . O f la t e t h e r e c e iv e r s h a v e
R a w m a te ria l, e tc .......................................................
2 o 8 ,9 1 6
4 9 8 ,8 1 7
P la n t, e tc ........................................................................
5 8 5 ,4 2 3
b e e n u n a b le t o f u lf ill t h e ir e x p e c t a t io n , an d d e f a u lt s h a v e
E x p e rim e n ta l d e p a r tm e n ts ..................................
2 0 ,1 0 6
' 1 1 ,7 5 0 t a k e n p la c e o n se v e r a l o f t h e lin e s im p o r ta n t t o t h e in t e g r it y
R o g e rs d e p a r tm e n t...................................................
10,989
1 ,5 7 2 ,1 0 0 o f t h e sy s te m . S in c e th e s e d e f a u lt s t h e fir m s h a v e o p p o se d
L in o ty p e s ............. ...................................................... 1 ,3 5 1 ,2 0 0
3,6 5 1
Office fix tu re s a n d f u r n i t u r e .................................
4,4 1 8
t h e is s u e o f fu r th e r r e c e iv e r s ’ c e r tific a te s .
N a t. T yp o g rap h ic) Co. s to c k ..................................
1 9 1 ,9 8 4
'3 8 , 9 4 0
I n t h e s u it o f t h e p r e fe r r e d s t o c k h o ld e r s t h e fir m s to o k
L in o ty p e C o m p a n y (C an ad a) in v e s t m e n t.......
5 6 ,5 0 8
2 8 ,5 7 0 s t e p s f o r in d e p e n d e n t in t e r v e n t io n i n b e h a lf o f t h e b o n d s
S pe c ia l s to c k a c c o u n t................................................
9,248
S u n d r y a c c o u n ts ...................................
1,6 3 2
( th e m o r tg a g e t r u s t e e d e s ir in g t o r e m a in “ n e u t r a l” ) w it h t h e
B ig h ts , p riv ile g e s , fr a n c h is e s , p a t e n t s a n d
6 ,1 2 8 ,8 6 3 r e s u lt th a t t h e C o u r t d e n ie d t h e a p p lic a tio n o f t h e p r e fe r r e d
i n v e n t i o n s ................
6 ,1 2 9 ,3 3 8
T o ta l a s s e ts ........................................................................................$ 1 1 ,3 2 8 ,1 5 4 $ 1s to 3 2 ,4 6 6 e r s to h a v e th e ir s t o c k d e c la r e d a lie n a h e a d o f t h e
1 ,0 c k h o ld
c o n so ls . W h e th e r J o h n s H o p k in s ’ U n iv e r s it y , w h i c h b r o u g h t
L ia b ilitie s —
C a p ita l s to c k ......................................................
$ 1 0 ,0 0 0 ,0 0 0 $ 10 ,000,000 t h e s u it , w i l l a p p e a l fr o m t h is d e c is io n i s n o t k n o w n to t h e
9 ,6 0 7
C re d ito rs ’ o p e n a c c o u n ts ............................ .
..
12 ,9 7 0
4 0 1 ,7 5 1 fir m s, b u t i f i t d o e s t h e fir m s a n n o u n c e th e ir in t e n t io n to
D iv id e n d ..................................- ...................................
5 0 1 ,1 2 9
6 2 1 ,1 0 8 c o n t in u e th e ir o p p o sitio n . R e c e n t ly t h e t r u s t e e o f t h e P i t t s ­
S u r p l is .............................................................................
814 ,0 5 5
T o ta l l ia b i l i t i e s .................................................................................$ 1 1 ,3 /8 ,1 5 4 $ 1b ,0r g ,4 6 6 C o n n e lls v ille se c o n d c o n s o lid a te d m o r tg a g e file d a
1u 32 &
—V . 65, p . 720.
p e t it i >n, w h ic h , i f g r a n te d , w o u ld i n e ffe c t m a k e s a id m o r ta g e a lie n e q u a l w i t h t h e c o n so l. 5s o n t h e m a in l in e o f t h e
M ic h ig a n -P e n in s u la r C a r C o m p an y .
l & O. R R . T h e fir m s a r e n o w v ig o r o u s ly o p p o s in g t h i s
( 'R e p o r t f o r y e a r e n d i n g A u g . S I , 1897 )
a p p lic a tio n .
R e s u l t s f o r 1 8 9 6 -9 7 c o m p a r e w i t h p r e v i o u s y e a r s a s b e l o w
“ W e d o n o t b e lie v e ”, t h e fir m s c o n t in u e , “ t h a t t h e re EA KN IN OS AND CHAKffBS.
! c e iv e r s w i l l d e f a u lt in t h e p a y m e n t o f in te r e s t e x c e p t u n d e r
1893-941895-96.
1894-95.
18 9 6 -9 7 .
i m o s t d ir e n e c e s s ity ; a n d so lo n g a s th e r e is n o d e f a u lt i n t h e
$
$
$
$
1 5 9 ,231
...1 7 6 ,6 6 9
3 6 ,0 2 4 p a y m e n t o f in te r e s t o n y o u r b o n d s, or in t h e p e r fo r m a n c e o f
3 9 6 ,5 7 2
D e d u c t—
I t h e o th e r u n d e r ta k e n >s o f t h e m o r tg a g e , t h e r e w o u ld n o t,
1 0 0 ,0 0 0
1 0 0 ,0 0 0
1 0 0 ,0 0 0 . u n d e r o r d in a r y c o n d itio n s , b e a n y c a u s e f o r a n x ie t y . B u t
:k .. 5 0 ,0 0 0
2 0 0 ,0 0 0
• t h e v e r y u n u s u a l a t a e k s o n t h e in t e g r i t y o f y o u r m ir tg a g e
3 0 0 ,0 0 0
1 0 0 ,0 0 0
1 0 0 ,0 0 0 a p a r t fr o m a n y d e f a u lt , a n d t h e c o m p lic a tio n s o f t h e p r e s e n t
a u r.2 6 ,6 6 9 s u r. 9 6 ,5 7 2 s u r. 59,2 3 0
r e c e iv e r s h ip , as w e ll as t h e n o v e l s u g g e s t io n o f a ‘n e u t r a l’
BALANCE SHEE■ Atro. 3 1 , 1897.
tr u s t e e s h ip , in d ic a te n e c e s s it y f o r c o n s t a n t w a t c h f u ln e s s a n d
1
A ssets.
v ig o r o u s a c t io n .”
L ia b ilitie s.
P lant® .......................$ 7 ,7 2 0 ,5 3 6
P r e t e a p i ta l s to c k .........$ 5 ,0 0 0 ,0 0 0
B a lt i m o r e B e lt B o n d s — D e p o s its T i l l D e c 1 .—-The in te r e s t
C o m m o n sto o k u n is su e d 1 ,0 0 0 ,0 0 0 C o m m o n s to c k is s u e d .. 2 .0 0 0 ,0 0 0
C o n s tr u c tio n .........
2 4 ,4 7 8
do
do u nissued. 1 ,0 0 0 ,0 0 0 d u e N o v . 1 o n t h is lo a n h a v in g g o n e t o d e f a u lt , B r o w n
O ffice f u r n itu r e ....
1,2 7 3
F i r s t m o rtg a g e b o n d s .. 2 ,0 0 0 ,0 0 0 B r o th e r s & G o., o f t h is c it y a n d P h ila d e lp h ia , a n d 'A le x a n d e r
C a s h ..........................
3 3 6 ,1 4 8
P a y -ro lls (p a id S e p t. 10)
2 7 ,1 9 6 B r o w n & S o n s, o f B a ltim o r e , r e q u e s t h o ld e r s to d e p o sit th e ir
B ills r e c e iv a b le .....
2 6 6 ,0 0 1
A c c o u n ts fo r m aterial
D u o fro m s u n d ry oorn o t y e t d u e .. . .........
1 8 9 ,4 3 9 b o n d s w it h th e m , r e c e iv in g i n e x c h a n g e n e g o t ia b le c e r tific a te s .
p o ra tio - s a n d f ir m s ..
4 2 1 ,3 2 4 E x c e s s o t a s s e ts .............
3 2 5 ,1 8 6 P r o m p t a c tio n b e in g d e sir a b le b o n d s s h o u ld b e d e p o s ite d a t
M a te ria ls o n h a n d ..........
7721,060
o u c e , b u t n o t la te r th a n D e c e m b e r 1 n e x t . B r o w n , S h ip le y
& Go , i n L o n d o n , w ill r e c e iv e d e p o s it s in L o n d o n .
T o t a l...........................$ 1 0 ,5 4 1 ,8 2 1
T o ta l............................ 1 0 ,5 4 1 ,8 2 1
E a r n i n g s o f P r o p e r t y C o v e re d b y C o n so l. M o r tg a g e ,— T h e
—V. 63 , p. 651.
r e c e iv e r s h a v e f u r n i b e d s u b s t a n t ia lly t h e f o l lo w in g s t a t e ­
m e n t o f e a r n in g s, e t c ., r e g a r d in g t h e p r o p e r ty (m a in lin e ,
GENERAL IN V E S T M E N T NEW S.
b r a n c h e s, b r id g e s, e t c .) , w h ic h i s c o v e r e d b y t h e c o n s o lid a t e d
R e o r g a n i z a t i o n s , E t c . — L a t e s t D a t a a s t o D e f a u l t s , R e o r ­ m o r tg a g e o f 1887 :
g a n i z a t i o n , P l a n s , P a y m e n t o f O v e r d u e C o u p o n s , E t a .— A l l Gross earnings from op eration s...................................................$11,378,705
8,012,015
f a c t s o f t h i s n a t u r e a p p e a r i n g s in c e t h e p u b l i c a t i o n o f t h e l a s t Operating expenses................

A t t h e c lo s e o f t h e y e a r t h e r e w e r e o n r e n t a l 1 ,3 3 5 m a ­
c h in e s a t a n a n n u a l r a t e o f # 8 8 ,1 7 5 , in c lu d in g d u p le x a tt a d u n a n ts {as a g a i n s t $ 7 6 7 ,0 7 8 i n 1 8 9 8 ). O f t h e m a c h i n e s o n
re n ta l a t th e b e g in n in g o f th e y e a r 85 w e r e d is c o n tin u e d fo r
v a rio u s re a so n s , b u t m a in ly b e c a u s e o f th e s u sp e n sio n o f th e
o ffic e s u s i n g t h e m , a n d 4 w e r e l o s t b y f i r e . A s t o t h e n u m ­
b e r o f m a c h i n e s b u ilt r e n te d , e t t h e fo llo w in g h a s b e e n
c o m p ile d f o r t h e C h r o n ic l e :
r-I!<iilt A S h ip p e d .-* ----------- S o ld .---------- > R e n te d On R e n ta l
Oct. 1.
Year
S r to.
R e b u ilt. N ew .
R e n te d , etc. i n y ea r.
1,3 2 5
I B S ? . . . . . . -103
39
151
-479
330
1,538
1 8 9 8 .......... 7 4 8
2-1
214
581
545
T h e b a la n c e s h e e ts c o m p a re a s fo llo w s :

f

is s u e s o f th e I n v e s t o r s ’ a n d t h e S t r e e t R a il w a y S u p p l e
m e n t s m a y b e r e a d ily f o u n d b y m e a n s o f th e fo llo w in g in d e x .
T h i s i n d e x d o e s n o t i n c l u d e m a t t e r i n t o - d a y ’s C h r o n i c l e .
R a il r o a d s a n d M is c e l . C o .’s.
S T R E E T R A IL W A Y S (O on.)
Volum e 65—
P age.
V o lu m e 6 5 —
P age.
A kron & Chicago J u n e ...... default. 823 E o g l e w 'd 4 .C h ic . W eo.<C hgo.).snW . 728
Baltimore B elt........... .........d.‘fa u lt. s23
D o.
d o . ....rear!), plan. 728
Baltimore A Ohio .. ........ defaults. 823 G a l v e s t o n C ity B y ......... ............recar, 728
Columbus A tin . M idland— coup. 824 T D o .
d o ..............d e f. A fo r e c l. 824
Newark Somerset & S traitsv .. .dcf. 823 m d la n a p . A n d e r s o n & M ....... re c u r. 412
P e rla Doe. A Evans......1st assess. 821 L i n c o ln S t. R y . (Nab.).planaccept, 412
Toledo St. L. & K. C.............foreeta. 825 L o o k H a v e n T r a c tio n , j-ectxy, 620, 685
Union Parlfin.........fbrect.sale. 626
M a d is o n C ity B y , . , . .............
sale. 729
W heeling k L, brio..prelim , assess, S25 M c K o o s p . D u q « i ,iV f l l.8 t.R y .s o l d . 328
M e tr o .

W. 8. E l. (C lu e.) .....coup. * 24

S t r e e t r a il w a y s .
P a s a d e n a & M t. W ils o n E le c.fo re c I. 729
S a g in a w C o n . 8 t . R y ...tim e f o r dap. 572
Columbia A Md. (Br.lto.)— .rcoro. 620 S w i n g 'd (111.) C ou. R y .to scaleint. 730
Consol.. 8t. Tty., Gr. R apids...coup. 36 T e r r e H a u t e E l e c t r ic ........ recur.778, 825

American Grocery Co.—Receiver Not Appointed.—Chan­
cellor McGill of New Jersey has denied the motion of Edgar
G. Dunning and others for a receiver pending litigation, and
has granted an injunction restraining the' directors from
winding up the affairs of the company.—Y. 65, p. 177.
Atlas Tuck Co, -Mortgages Filed. —
The company has filed
its new second and third mortgages, the second, it is un­
derstood, being for $1,000,00') to the State Street Trust Co.,
Boston, as trustee and the third for $100,000 to Aaron Hobart
trustee.—V. 61, p. 887.
’
Baltimore & Northern Electric Ry.—Mortgage fo r
$1,250,000.—The company has filed a mortgage to the Mary­
land Trust, Co. as trustee to secure $1,250,000 of 5 per cent
gold bonds, $1,000 each, payable 50 years from Nov. 1,1897.
On Oct. )8 a part of the line was opened for traffic, cars run­
ning oyer the tracks of the City Passenger Ry. through Bal­
timore to the corner of Lafayette Avenue and Charles Street
and thence 6% miles over the company’s own road to Mount
Washington,—V. 64, p. 887,
Baltimore & Ohio RR.—Holders of Consol. 5s Called Upon
to Deposit their Ronds by Jan. S, 1898.—Messrs. J. P. Mor­
gan & Co., Brown Bros, & Co. and Baring, Magoun & Co
unite in asking the holders of the consol. 5s to co-operate for
mutual protection through deposit of their bonds with J P,

N et ea rn in g s............................................................................... $3,366,690
Other income—
W ashington Br. dividend (partly from sur. of prior years)
$102,80 0
Proportion of West. Un. Tel. annuity ($60,000) assigned
to m ain lin e .................................................................................
13,392
Sterling m ain line sinking funds (on account of which
oonsols are issuable, - E d .)..................................................
146,091
H ouse rents ($23,633), W estingliouse Air Brake rebate
($15,978), etc..........................................................................
48,322
Total income from all sources.......... . ........ .........................
D eductions—
T a x e s.................................................................................... .............
Ground rents................... ................................... .............................
Rentals (Central Building, Baltimore, $75,000; Brnnswiok
yards, $50,000; Cumberland yards, $40,000; Benwood
yards, $50,000, all for benefit of Terminal m ortgage of
1894; soeY . 59, p. 72, - E d .).......................................? . . . . . „
In terest paid as follow s:
On the live underlying m ain stem loans of 1853-75, for
full year..-.................... .............................................................
B. & O. oonsol. 5s of 1887 ($11,988,000) for entire vear.
Oar trusts of 1887 and equipm ent bonds of 1889-90.......
R eceivers’ certificates, Series I, 6s, $5,000,000 (six
months* interest)............................
B. & O. Equipm ent Oo. 6s, $3,40'6;do6,' gu'aranteed by
receivers (s ix m onths’ interest) . . . . . . . . . . . . . . . . . . . . . . . .
Interest acorued and unpaid :
R eceivers’ certificates, Series I (about tw o months* Int.)
B. & O. Equipment Co, bonds (iwo m onths' in tere st).........
Other loans........................................................•

-3,677,295
$ 1 6 0 ,1 6 0
4 3 ,3 8 8

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

102.000
5 7 ,5 0 0
3 4 ,0 0 0
1 3 ,5 4 2

T o ta l d e d u c tio n s ......................... ................................................... $ 2 ,6 9 1 ,4 3 0
B a la n c e , s u r p l u s . . . . . . . . ..................... .*
........ ...............................
$ 9 8 5 ,8 6 5
D e d u c t --D e ficit fr o m o p e r a tio n W h e e lin g P i t t s b u r g &
B a ltim o re .
...........................
1 5 ,0 1 7
N e t s u r p lu s .
C o n stru c tio n , etc., e xp en ses—
C o n s tr u c tio n .
A d d itio n s a n d b e t t e r m e n t s to e q u i p m e n t ........
W h e e la g e c a r - tr u s t p a y m e n ts ......................
C o n s tr u c tio n te r m in a ls ( C u m b e r la n d ) .......
S id in g s (B ru n s w ic k Y a r d s ) .............................
.......... .
F lo a tin g e q u ip m e n t, N ow Y o rk H a r b o r . . . ” I
{............... ...
P r o p o rtio n o f e q u ip m e n t “ p u t o u t o f s e r v ic e ” ................
C o n s tr u c tio n W h e e lin g P it ts b u r g & B a ltim o re R R ........

See advertisement on another page,—Y, 65, p. 823,

$ 9 7 0 ,8 4 8
$ 3 9 2 ,0 2 3
2 2 2 ,0 3 1
127,762.
1 8 7 ,4 8 9
9 ,9 3 5
2 7 ,0 2 7
4 9 9 ,0 5 7
1 9 ,2 2 4

N ovem ber

8, 1897.]

THE

OHR

Brooklvn Cilv & Newtown R -t.—Coney Island & Brook­
lyn BR.—Ro din i to .Act on Lease. — meeting of the stock­
A
holders of rhe Brooklyn City & Ncwtovrn RR. Co. will be
held Dec. 1 ,1897, to vote on a proposition to lease the roads
of the company to the Coney Island & Brooklyn RR. Co. for
the term of 999 years.— 65, p. 410.
V.
Buffalo Rochester & Pittsburg By.—Quarterly.—Ikrmiags
for the quarter ending Sept. 3 >have been reported as follows:
3 m o n th s e n d in g
Gross
1Vet
O th tr
I n te r e s t, B a la n c e ,
Sept. 30.
e a r n in g s , e a r n in g s , incom e. lu x e s , etc. s u r p lu s
1897 '
* 8 3 1 4 9 1 $ 3 3 0 ,0 4 1 § 5 ,7 4 1 $ 2 4 8 ,5 4 5 8 8 8 .8 4 0
1890 ' ..............
-3 0 ,3 8 7
3 8 7 ,9 3 3 1 1 ,0 0 8
2 1 6 ,3 3 2
8 5 ,609
—V . 0 5 , p . 6 1 0 , 6 3 1 .

Central Branch Union Pacific BR.—Atchison Colorado
& Pacific BR.—Atchison Jewell County & Western RR. Foreclosure Suit*.—A t St. Paul, Judge Sanborn in the United
States Circuit Court, on Oct. 3u, heard the motions to fore­
close the mortgagee on these roads, formerly branches of
the Union Pacific, and referred the ease to W. D. Cornish.
Master in Chancery, to report the facta and the ( tm of
decree hy Dec, 6.— 84, p. 1841, 663.
V.
Central Pacific BR.—A n n u il Report.—The company’s
fiscal year having been changed to end Jane 3 * the annual
,
report is now issued, the President’s remark.-, together with
the balance sheet being on a subsequent page and the tabu
la1ed earnings under the heading ‘ Annual Reports.”
t
Deponts Still Being Receive!. Speyer & Co. announce that
the first mortgage gold bonds may still be presented at their
office for extension under the bondholders’ agreement of
Aug, 14 last, This privilege, it is stated, may be terminated
at anv time, without further notice, as a large majority of
the bonds have already been deposited.
Mr. Beethert o t s London Circular to Stockholders.—In the
Chronicle of Oct. 16 reference was m a d e t o a circular issued
in London by Director C. E. Bretherton, This circular says:
T h e tn<-,-ting o f p r o p r ie to r s a o w p o s tp o n e d t o O c to b e r 18 w ill n o t
t a k e p la c e . I n s p e c tio n o f t h e r e g is te r o f s h a r e h o ld e r* s h o w s th a t th e
E n g lis h p r o p r ie to r s u a b o d y , b e fo g s t i l l u n r e g is te re d , h a v e a t p re s e n t
no v o te s , a n d th e r e f o r e n o p o w e r to I n te r f e r e In th e m a n a g e m e n t;
any a c tio n a t th e ir m e e tin g w onW be n u g a to r y , a n d I t to u s e le s s to
a p p e a l to th e m fo r * s u p p o r t w iii.-h. tin d e r e r o d i n g (rfre a m sta n c ex , it
Is n o t In th m r p o w e r to g iv e . N o tw ith s ta n d in g th e e m p h a tic w a rn in g
of S ir C h a r t - * R iv e rs W ilso n th r e e y e a r* a***, few s h a r e h o ld e rs h a v e
s in c e r e g is fe re d , a m i th e v o te oft n e a r ly a ll th e sh a re * o w n e d b y K aroTi.-au p ro p rie to r* ‘e x c e p t th e fo rm e r s to c k h o ld e r* o f th e O re g o n &
C a lifo rn ia HR C o.t - a m a jo r ity o f th e e n t i r e c a p i ta l s to c k —fa s till
c o n tro lle d b y th e B o a th e rn t'a c lflc I n te r e s t.—V. 8 5 , p. 9 2 3 .

JVICLE.

869

the amount of $330,00) have been drawn for payment at 110
aud interest with the proceeds of land sales. The bonds
are payable at the office of the company in the Mtlls Build­
ing, interest ceasing Doc. 31, Tuis payment reduces the
amount of the first mortgage bonds to $7,116,000—a total re­
duction since 1887 of $948,00'. The consol. 6s have also been
reduced in the same interval $464.00), to $3,455,000,, and the
general mortgage 4a $8,000, to $4,297,000.
For the benefit of the bonds were held on June 30, 1897:
I s l If. 5s.
A c re s o f la n d .................................. 2 ,2 1 0 ,1 4 4
S ales—D eferred p a y m e n ts ......... $ 1 9 4 ,2 8 8

O om ol. 6s.
1 ,4 6 5 ,9 5 8
$ 1 6 0 ,9 9 9

G eneral i s .
1 2 ,9 9 8
$ 1 ,1 5 8

The company’s report is on a preceding page,—V. 65, p. 463.
Kansas City Pittsburg & Gulf RR. —Election of Directors.
—At the annual meeting in Kansas City Oct. 28 the following
directors were chosen for the ensuing year: John Lowber
Welsh, E. T. Stotesbury, H. M, Howe, W. S. Taylor of
Philadelphia; E. P. Merwln and A. Heekscher of New" York;
Norman 8. Ream and F. O. Liwden of Chicago; E. L Mar­
tin, A. E. Stilwell, W. S. Woods, Ribt. Gillhatn and J.
MeD. Trimble of Kmsa3 City, Mi. Messrs Ream aud Lowden represent the interest of the late Goo. M Pullman.
Listed in L >nd > .—Tne stock and oonds of the K. C. P. & G.
n
were listed on tha 27th alt. on the London Stock Exchange.
Notwithstanding more or less interruption of traffic on ac­
count of the yellow fever quarantine, the October earnings
were $271,981, being the largest the company has had.—
V. 65, p. 824.
Long Island BE.—Prospect Park and Coney Island
RR.—New York and Rock a way Beach Ry.—Quarterlies.—
Earnings tor tne quarter ending September 80 are given
below. The two last-named companies are operated by the
Long Island RR., but earnings are kept separately.
LONO ISLAN D B R .

T K r tt m o n th s end- G ross
in g Sent. 30,
e a r n in g s ,
I i 9 7 ............... . . .,$ 1 ,5 3 5 ,3 8 0
1 8 9 0 ........................ 1 ,4 3 3 ,2 2 9

B et
O her
e a r n in g s , incom e,
$ 0 8 5 ,5 8 5 $ 6 4 ,5 7 8
0 7 0 .0 4 3 5 1 ,8 0 0

In te re s t,
B a la n c e
taxes, etc. s u r p lu s .
$ 3 0 7 ,7 5 9 $4-12,404
3 1 5 ,6 2 1
4 0 6 ,0 2 7

P B O S I'K C T P A R K * C O N S T ISLA N D B R .

1 8 9 7 .........................
1 8 9 6 .........................

$ 8 0 ,3 0 0
87,951
>8W

1 8 9 7 ......................
1 8 9 8 ........................

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

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

$ 1 5 ,1 0 5
8,0 78

T U R K « B O C K A W A T BK ACH B Y .

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

$8*1,119
8 7 .0 6 3

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

$ 7 1 ,5 9 1
7 2 ,533

Long Island RR. loans and bills payable Sept. 80, 1897,
Charleston IS. €,) City Ry. -Mortgage for ts s o .m i .—On $945,000, against *1,60 ),o00 June 8*).—'V. 65, 512, 619, 618,
Oct. 29 the stockholders authorize! a mortgage to secure
Mansfield Short Line. New Company and Mortgage.—
$850,00(6 of fifty rear 5 per cent gold coupon bonds the mort­ This company, which proposes to build a railroad from Lucas
gage to cover all its property, b Ah real and personal.—V, 84, to Shelby. Ohio, 19 miles, has given a mortgage for $500,000
p. 706.
to secure an issue of bonds to meet cost of construction, etc.
Chicago jfc Southeastern BE , —Receiver Appointed. —
W. C. W. French, President, Alansfield, O.iio.
O. Darnell has been appointed receiver of this road, which
Morristown k Cumberland Gap RR.—Ordered Sold.— •
has about 15 miles of track at Chicago, 111 , aud is operated The Tennessee State Supreme Court has ordered the sale of
by the Chicago Lake Shore & Eastern Ry. (See V. 84, p. 422). this road by the Clerk of the Court, the proceeds to be disThis road is not the Southeastern Raihm y of Indiana.
’ tribute-! as follows: Back taxes, $ 4 ," 0 rig h t of way claims,
Consolidated lee.—Sole o f Treasury Stock.—Stockholders about $-’0.0O receiver's certificates, about $12,00), etc. The
<);
have the right to subscribe to 5,836 shares of treasury pre­ road extends from Morristown, Teun., to Cumberland Gap,
ferred stock until Nov. 10 incin ive in amounts proportionate Kv , 43 miles. Its total gross earnings for the year 1891-95
to their present holding*. The issue has been underwritten were $16,233. -V . 63, p. 311.
by a syndicate at par, less a commission of 5 per cant, and is
Has—
Equitable Gas
offered to stockholders at the same price. The proceeds will & New Amsterdam — lonvjhdatvm —The Light—New York
East River Gas.
New Amsterdam
be used to liquidate obligations incurred in the purchase of Gas Ci. filed article? of incorporation at Albany on Nov. 1
additional property. The company's annual statement was as a consolidation of the Equitable G is Light aud New York
in the Chronicle, V. 65, page 461.—V, 65, p, 481, 462.
& East E ver Gas companies in accordance with the plan in
Diamond Match.—English Option Expires.—Offer o f East­ the Chronicle of Sept. II, 1897, page 462. The ne w com­
ern Syndicate —The six months’ option held by an English pany is authorized to issue $13,001,000 common stock and
syndicate to purchase 40,00 i ehares of the company’s stock $10,010,000 cumulative 5 per cent preferred stock. Oc the
at 165, the stock having been pooled by its holders’ for the latter amount $9,088,750 is exchangeable as part considera­
purpose of making the sale, expired on Monday. An appli tion for the stocks of the old companies. The new company
cation for a fifteen days’ extension of the option was re­ will also presently execute a first consolidated mortgage to
fused. An Eastern syndicate is reported to have off-red to secure 5 per cent gold bonds, of which $1-1,000,000 will be
take the stock at the same price, and press dispatches say given as part consideration for Equitable Gas stock, and
the largest stockholders have agreed to leave their stock fl.oO i,0)0 will be available for extensions and the acquirement
in escrow until April 30,1898, unless the stock is sold prior to of additional property. The amount of the mortgage may be
that date.—V. 64, p. 1088.
increased from $11,000,000 to not exceeding $20,1)0),091) in all,
Erie BR.—Offer to Purchase Buffalo < Erie 7» due April 1, for the sole purpose of retiring, at or before maturity, the
t
isos .—Speyer & Go. announce that they are prepared to pur­ existing $9, 00,0'K) bonds of the two companies merged.
The terms of exchange of old for new securities were given
chase, until farther notice, the Buffalo & Erie 7 per cent
bonds, maturing April 1st. 1898, at par and accrued interest in the plan already mentioned. The new company will be
to date of maturity, less discount at the rate of 3 per cant per responsible for the guaranty given the $3,000,00:) Central
Union Gas Company bonds by the New York Sc East River
annum.—V. 65, p, 66®, 666,
Fort Plain & Richfield Springs RR.—To he Sold Dee. 7.— Gas Co,
Tue
G is Co, proposes
This property is advertised for’ sale at public auction at supplyNew Amsterdamalsi, if desirable, to manufacture and
gas, and may
supply electricity.
Herkimer, N , Y., on Doc. 7. on judgments for about $18,000. The directors are Edward M. F. Miller, James Tolfreq,
T
Moira, Lewis & Hodge of New York are largely interested. F. L. Eldridge, William C. Cox, Charles M. Billings,
®b« entire 22 miles from Richfield Springs to Fort Plain is William T. Eldridge, Sherman Flint, Frederick P. Voorhees
said to be graded and the bridge abutments built, but no and Matthew T, Johnson, of New York ; John B, Stinmerrails have been laid.
field, of Brooklyn, and Nisi Gale, of Clifton, Richmond
Front. Street Cable Ry, Seattle.—Foreclosure Sate J>tn. 8, County.— 65, "p. 621.
Y
4
1808.—Judge Hanford has ordered the foreclosure sale of this
Now England ItR.—Quarterly.—Earnings
property. The sale will take place Jan, 8, the upset price ending Sept. 30 have been reported as follows for the quarter
:
being $65,000. There are said to be $360,0 '0 or more of bands
B a la n c e ,
O 'her
I n te r e s t,
N et
3 m o t. e n d .
G ross
Outstanding and $40,00") of receiver's certificates,
C
s u r o r (Iff.
incom e. taxes, < c.
30.
r,lin g
Greenwood Anderson & Western Ry.—Ordered Sold.— 18e.pt.................$e1a,6 3 5 ,2s. 5 .e a r n5in g s. $ 8 ,2 9 3 $ 3 9 8 ,2 3 8 s u r.$ 5 5 ,0 3 9
$ 1 1 ,5 8 1
897
7
38 8 ,7 5 7 d e f.1 3 2 ,4 2 5
6,113
Judge Slaton ton has ordered this property to ba sold, G. 1 8 9 6 ................ 1 ,3 5 0 ,7 2 1 2 4 9 ,9 1 9
Herbert -• hi to be special master. The sale is made on com­
Loans payable Sept. 30,1897, $100,000.
plaint of W, B Strang, Jr., Sc Co., on account, of construction
The figures for 1896 quarter do not include results of the
claims. The upset price ia to be f 15,f>:0.—V. 64, p. 287,
Norwich Line steamers, which had a surplus of $38,750,
Houston A Texas O n tra l RR ,—Reduction o f Bonis with thus reducing the deficit under charges from $133,425 to
leant S a in .— *n o r m B m l » Called,—First mortgage 6s to $83,673, as ajainst a surplus of $53,639 in 1897.—Y. 65, p, 726.

THE CHRONICLE.

370

New Mexico Railway & Coal Co.—El I asoA: Northeast­
er'., —Pr<j cied >oad. $3,000,000 Mortgage —The new Mex­
ico Railway A Coal Co has been incorpo-ated under a New
Jersey charter with a capital stock of 54 000.000. The com­
pany owns the El Paso & Northeastern Railway Co., which
is building a road from El Paso, New Mexico, northeast 1 ■
>
miles, to White Oates and the Salado coal fields. It is ex­
pected to complete the work during 1898. A collateral trust
mortgage for $3,0i 0.000 has been authorized, secured by the
bonds of the railroad company and the bonds of the New
'Mexico Feel Co,, through which the N ew Mexico Railway &
Coal Co. ccntrols some 3,100 acres of coal lands. The bonds
are a 50 year five per cent gold issue, New York Security
& Trust Co. trustee. The following are the Board of Direc­
tors: C. D. Simpson. Scranton, Pa . President; H. P. Simp­
son, Hon. L. A. Watres, Col. H. M. Boies, T. H. Watkins, of
Scranton; J. Wells Hollenback, of Wilkes Barre; James
Ford. Pittston; C. B. Eddy, New Mexico; J. A Eddy, Den­
ver: G. C. W. Lowery, R. T. McCabe, H. F. Hatch and B. S.
Harmon, of New York. The latter, whose office is at 4o
William Street, is the Secretary.
New York Parcel Dispatch.—Increase o f Mock to $12,ooo,000.—Tne stockholders will vote Nov. -14 at the com­
pany's office, 58 Pine Street, on a proposition to increase the
capital stock from £1 000,0 0 [par of shares $l< 0] to $12,000,00i). Among the company’s directors are Eugene W. Austin,
Benjamin F. Carpenter, N. F, Thompson and C. P. Leggett.
New York & Westchester Water —Mortgage fo r $1,600,000
file d .—This company has filed a mortgage to the Corpora­
tion Trust Co. of New Jersey, as trustees, to secure $1,600,000
of bonds to be issued for extensions proposed under recently
acquired franchises. The mortgage covers all the company’s
real and personal property. The officers of the Water Com­
pany are J. O. Davis, President, and D. F. Cameron, Secre­
tary and Treasurer.
Oregon Improvement.— Third Instalm ent of Assessment
Payable by Nov. 15—The third instalment of the assessment
has been called aud is payable on or before Nov. 15, as stated
n a notice in another column. The following shows the
total assessment and the several instalments of it thus far
called on both stock aud bonds, the time for payment of the
first two instalments having been extendsd.it will be re­
membered, from the dates named to Sept. 20:
Old securities in
am ounts o f

T o ld
assess.

Corn’ll stock, # 1 0 0 ..$ 1 0 0 0
P ret. stock s, $ 1 0 0 .. 12 50
C onsol. 5s, $ 1 ,0 0 0 ..1 2 5 .0 0

t a x e s Im posed b y th e U n ited S ta te s or th e S ta te o f P e n n s y lv a n ia
w h ich th e co m p an y m ay la w fu lly he required to re ta in th e refro m , aud
for th e fu rth er se c u r ity o f th e hold er th e reo f th e R ead in g C om pany
c o v e n a n ts t h a t such p a y m e n t of p rin cip al sh a ll l>e m ade upon A pril
1st, 1917. T he se cu rity o f said bond rem ain s u n im p aired , an d no p art
o f th is c o n tr a c t sh a ll b e con stru ed to affect its p rio r ity or v a lid ity or
th e rig h ts and p o w e r s of th e tru ste e .
“ In w itn e ss w h ereof th e sa id com p an ie s h a v e ca u se d th e ir r e sp e c t­
iv e corp orate se a l to be horeunto affixed, d u ly a tte s te d th e ilr st d a y of
A p ril, 1 8 9 7 .”

Coal & Iron Company's Bonds Paid.—The Reading Com­
pany is retiring the Coal & Iron Company’s securities from
time to time as they fall due, $959,< 09 being the amount
maturing Nov. 1. The new Reading mortgage of Jan. 1,
1897, provides for these, reserving sufficient of the new loan
to replace both the land mortgages and the real estate toads,
the former amounting Jan. 1, 1897, to $11,617,500 and the
latter to $433,106. The payments this year to date, it is
understood, have reduced the land mortgages to $3,663,500
and the real estate bonds to $7,367.—V. 65, p, 5 ‘6.
Rochester (Street) R ailw ay.—Quarterly.—Earnings for
the quarter ending Sept. 30 have been reported as follows:

^-Instalm ents called payable b y -. Total
M ay 11.
A ug. 30.
Pov. 15. called.
$ i 00
1 25
12 5 0

$100
1 25
12 50

$2 00
2 50
25 0 0

V o l , IiX V .

$4
5
50

The foreclosure sale is set for to-day.—V. 65, p. 683.
People’s Gas Light & Coke of Chicago Unit ersal Gas—
Mutual Fuel Gas—Control Acquired.—Parties friendly to
the People’s Gas Light & Coke Co. of Chicago have pur­
chased. through Mr. Emerson McMtllin. the Universal and
Mutual Fuel Gas companies, which he was proposing recently
to consolidate into a rival corporation to be known as the
Chicago Universal Gas Co. The purchase price for the prop
erties is $5,7 C,0 0 in cash. Their actual transfer will take
place Nov. 15. The New York “Sun” says: “It is understood
that the purchase is not made directly by the People’s Com­
pany, but by interests identified with that company, and that
it is intended eventually to merge the Mutual Fuel Company
with the People’s Company, while the Universal Company
will remain as a distinct corporation, because of the general
character of its charter. It is also understood that the cash
required to complete the purchase has been fully subscribed
by several large banking houses in this city.”—Y. 65, p. 778.
Peoria Decatur & Evansville Ry.— lim e fo r Deposits ex­
tended till Dee. 1.—Over three-quarters of the first mortgage
bonds of each division has been deposited under the plan of the
Brown Committee, and the certificates of deposit represent­
ing the same have been listed on the New York Stock Ex­
change. The time for receiving deposits and paying the first
instalment of the assessment, it is announced, is' ex­
tended to Dec. 1, after which date deposits, if received at all,
will be Fubject to such terms as the committee may prescribe.
See advertisement in another column.—V. 65, p. 834.
Reading Company.—Contract Extending Improvement
Bonds lo 1947a t It Pi r Cent.— The $9,361,000 extended im­
provement mortgage 4% gold bonds of the Philadelphia &
Reading RR., due April 1st, 1947 (Pennsylvania Company for
Insurances on Lives & Granting Annuities, trustee), have
been listed on the Philadelphia Stock Exchange. The princi­
pal and interest is payable in gold coin, free of tax, as pro­
vided in the following extension contract, which is attached
to each bond so extended:

3 m o n th s e n d in g
Scvl. 30.

Orots
earnings,

........ $ 2 0 3 , Oil 9
1897
1 » 9 6 .............•............. 2 2 4 ,7 7 7

N et
Other
Interest, B alance
earnings, income, taxes, etc. su rp lu s
$ 8 6 ,9 1 6
8 5 ,4 7 4

$ 2 ,3 0 6
2 ,1 2 4

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

$ 1 4 ,9 - 7
9 ,9 0 8

Loans and bills payable Sept. 30, j897, $326,378, against
$334,803 on Jure 3 0 .- V. 65, p. 6)8.
Savannah & Statesboro R R .-C u y ler & Woodbnrn RR,—
Raorganized Company.—The Savannah & Statesboro RR Co.
has been incorporated in Georgia as successor to the Cuyler
& Woodbnrn, foreclosed. It is proposed to extetd the road
from Woodburn, the present northern terminus, north to
Emit or Statesboro. Capital stock, $30,0( 0, which may be
increased to $300,000. Incorporators: D. C. Wood, Ellen E.
Wood, T. E. Robertson, Lee Hutchins, Thos. W. Buckley,
Charles A. Douglas A. H. MacDonnell, William R. Leakin
and J. R. Saussy, Jr.—Y. 65, p. 571.
Union Pacific RR.—M ain Line S<ld to Ret rganization
Committee—At Omaha on Monday, Nov. 1, the Union Pacific
main line and its appurtenances were sold, together with the
bonds in the Government sinking fund, nnder forclosnre of
the United States lien, and purchased by the Fitzgerald Re­
organization Committee. There were no other bidders. The
bid prices were as follows:
F or U n ion P acific m ain lin e ....................................................... $ 9 ,8 8 3 ,2 8 1 87
F or bonds in G overn m en t sin k in g fu n d (see b e lo w )........ 1 3 ,6 4 5 ,2 5 0 89
T o ta l of bid s m ade a t s a le ................................................. $ 5 3 ,5 2 8 ,5 3 2 76
In a d d ition th e G overn m en t r e c e iv e s th e cash in the
sin k in g fund as o f Nov. 1 a b o u t..........................................
4 ,5 4 9 ,3 ' 8 0 0
M aking to ta l (to be in crea sed as b e lo w s t a t e d ) ..........$ 5 8 ,0 7 7 ,9 0 0 7 6

Under its agreement with the Government, the com­
mittee will pay the full amount due for the principal and
interes of the Government’s claim, but how much this claim
will aggregate cannot at the present time be determined
within two or three hundred thousand dollars, owing to the
necessity of adjusting accounts with the Government regard­
ing earnings, etc. In last week's C h r o n i c l e was given a
statemtnt showing the amounts owing as of Oct. 1, approx­
imately $58,353,545.. During October the sum due for interest
accrued increased $95,383 and the cash in the sinking fund
increased $11,446, but the transportation account must also
be included. In our editorial columns w ill be found partic­
ulars as to the times and method of paying the sums due.
On Tuesday the committee bought in the property nnder
foreclosure of the first mortgage for the am runt of the upset
price, viz., $50,637,475. Both purchases were made for the
committee in the name of Louis Fitzgerald and Alvin W.
Krech, purchasing trustees.
Assessment. — Last Instalm ent Called.— The third and last
instalment of 5 per cent on the par value of the stock de­
posited under the plan must he paid at the Mercantile Trust
Co., 120 Broadway, on or before Nov. 24. See advertisement
in another column.
Bonds in Sinking F und.—The following table shows the
bonds in the sinking fund purchased by the committee :
P rin cip a l

M a 'u rity o f

L a st paym ent

Bon ds —
o f bonds.
of interest.
bonds.
U. S. 5% o f 1 9 0 4 .................
$ 9 1 5 ,7 5 0
A u g. 1, 1 8 9 7
Feb. 1, 1 9 0 4
U . S. 6% of 1 8 9 8 ................
5 2 3 ,0 0 0
J u ly 1 ,1 8 9 7
J a n . 1, 1898
' 4 1 ,0 0 0
U. 8. 6% of 1 8 9 9 .,.............
J u ly 1, 1 8 9 7
J a n . 1, 1899
Fi rst m o rtg a g e -bon d s:
■O
T
U n ion P acific 1st 6 s .........
9 2 9 ,0 r 0
J u ly 1 ,1 8 9 7
Ja n . 1 ,1 8 9 6
Do.
d o .............................
3 5 0 ,0 0 0
J u ly 1 ,1 8 9 7
J an . 1 ,1 8 9 7
D o.
d o .............................
4 7 3 ,0 0 0
J u ly 1, 1 8 9 7
J u ly 1, 1897
D o.
d o............................. 1,534,0C 0
J u ly 1 ,1 8 9 7
Jan . 1, 1898
D o.
do............................. 2 ,5 3 6 ,0 0 0
J u ly 1, 1 8 9 7
J u ly 1, 1 8 9 8
D o.
do.............................
5 4 5 ,0 0 0
J u ly 1, 1 8 9 7
J an . 1 ,1 8 9 9
C en tral P acific 1 s t 6 s __ 2 ,2 2 9 ,0 0 0
J u ly 1, 1 8 9 7
J a n . 1, 1898
K a n sa s P acific 1st Os__
5 4 9 ,0 0 0
A u g. 1, 1 8 9 5
Aug. 1, 1895
K a n sa s P acific 1 s t 6 s __
9 2 9 ,0 0 0
J u n e 1, 1896
D ec. 1, 1 8 9 4
"Ily and in con sid era tio n o f th is co n tra ct aud coupon sh ee t m ade by S io u x c i t y & P ac. 1 s t 6s..
7 1 6 ,5 0 0
J u ly 1, 1 8 9 7
J an . 1, i s 98
th e P hilad elp h ia A H eading R ailw ay C om pany a n d a tta ch ed to the a c­ C en tral B ranch 1 s t 6 s . . .
1 ,0 2 5 ,0 0 0
M ay 1, 1895
N ov. 1, 1 8 9 3
com p an yin g bond No.
, g iv e n 1>y its predecessor, the P hiladelphia W estern P acific 1 st 6 s ___
3 5 0 ,0 0 0
J u ly 1 ,1 8 9 7
J u ly I , 1899
A R eading R ailroad C om pany, d ated O ctober 1st, 1873, and their aocoptuncc by the h old er, tile P hila d elp h ia & R eading R ailw ay
T o ta l b on d s in fu n d . .$ 1 3 ,0 4 5 ,2 5 0
—V . 6 5 , p. 825.
C om pany aud th e R ending C om pany (the o w n er o f the ca p ita l
sto ck o f th e sa id ra ilw a y com p any) and th e holder o f this
Union Pacific Denver & Gulf Ry .—Penalty on Deposits
bond, a g ree th a t th e p rin cip a l o f said b on d sh a ll n o t h e p a y ­ A fte r Nov. 15.—As already announced', certificates represent­
able nor sh a ll p a y m en t the reo f b e required befo re th e 1 st o f A p ril
1947, u n less d o ia u lt he m ade In th e p aym ent o f th e in te r e st a t the rate ing a majority of the consols and stock deposited under the
o f 4 per centum per annum , a fter p resen ta tio n o f tho sevoral proper agreement of Sept. 18, 1897, have been listed upon the New
sem i-an nu al cou p on s for * 2 0 each, w hich cou p on s th e said P h ila d el­ York Stock Exchange. The committee has extended the
p h ia & H eading R ailw ay C om pany and th e R ead in g C om pany, Jointly time for deposits until Nov. 15, U97, and announces that
and set ora lly , prom ise to pay on p resen ta tio n a t the office o f th e rail­
w ay com pany; b u t on any su ch d efa u lt sa id p rin cip a l, a t tho option of after that time no deposits will be received save in the dis­
the holder, w ill thereupon forth w ith b ecom e and be due and p ayab le
cretion of the committee and upon the payment of a penalty
“This ex te n sio n nt tlie reduced rote of in te r e st is m ade and aocepted’ of $50 for each consol, and of $1 for each share of stock.
upon con d ition th a t p aym ent o f th e p rin cip a l and in te r e st of such
bond, as ex ten d ed , sh all bo m ade in U nited Statos gold coin of the The Central Trust Co. is depositary.—V. 65, p. 736,
present standard o f w eig h t and fineness, w ith o u t ded u ction for an y
B T F o r o th e r In v e s tm e n t Ite m s see » a ? e 8 7 9 . J
^ _u . j

THE

N ovember 6, 139?,]

R e p o rts

C H EO N 1C LE .
a n d

87 L

J l o n n u .e u t s

.

S OU T HE R N PACIFi 2 COMPANY.
ABSTRACT OF THE THIRTEENTH ANNUAL REPORT—FOR THE YEAR ENDING JUNE 30, 189T.
To the St ockholders:

New Y ork, August 24, 1897,

The business year of the Southern Pacific Company, and its constituent companies, has been changed from December
31st to June hut:is." so as to conform to the period which the railroads of the United States are required to make reports an
Dually to the Inter State Commerce Commission and to the respective railroad commisions.
: lent and directors now submit their report with respect to the financial condition of the proprietary and
•' constituting the Southern Pacific lines, ior the eighteen months ending June 30, 1897, the last report having
been made in respect" thereto as of December «1. 1895. an<£for twelve months ending June 30,1897. with respect to the
transportation operations and physical condition of the property as of that date.
An abridged report was published of the operations for the year ending December 31, 1896, giving information in re•
and liabilities since the last annual report. The present report
contains the usual statements in regard to the assets and liabilities and profit and loss accounts of each of the proprietary
companies and leased lines.
1,-PROPERTIES AN D MILEAGE,
’

The properties which constitute the Southern Pacific lines, the miles of road and water lines owned or leased by them,
consist* a on June 30, 1897, of the folio win g'tninsportat ion lines:
Pacific,
8$f*Itm
tin e s .
2,821 75
7*24
45-90
3-51
6 3 4 98

T otal cubes m am lin e leaned..........
T o ta l m ile* second tra c k o w n e d . .

T o tal m iles second track le a s e d ...

Total miles -Idtug" ...... ...........

: i . - U u i ( t i L is e s .

•

.......

T o ta l s e c o n d tr a c k u u i i r i r t s l } c o m p a n ie s a n d !e le n d lin e s .

Tit-re were operated an average of

3-89

A ila n lie
Sp s'em
L in e s ,
422-25
23-00
21-79

30 9 15

159-48

Total.
5 ,212-32
30-84
7104
3-51
1,163-01

2 ,3 4 1 -3 7

G27-12

0, i s 1-93

108-95

9-31
4 19-05

0-09

7,371 <56
84-06
1,012-66

30-96
5-54
7 3-14

2,128-45)
9-51
449-05

T o ta l m ile s s e c o n ! tru c k .

Total ml

L in ts
in
Texas.
1,908-32

3 ,513-45

I .— P u o P K ir r u S T L i s e s .

.

2 ,5 8 ? 05
4 ,057-48
58 98
1,084-03

1.908-33
3-89
36 9 -1 5

445-85
21 7 9
159-48

S in c e D ie. 3 1
1395,
In e r t ase.
3 0 96
5-54
0 0 45

miles of rail lines for the year ending June 80, 1897.

II. —IN'HOM E FO R T H E Y E A R EN'IHN'G J UN'E 30 . 1307.

The following .statement shows the transportation earnings of the proprietary and leased railroad and steamship lines,
and all other receipts, except front capital created and from sales of lauds pledged for the redemption of bonds. Also
Operating espouses, taxes' .sinking-fund contributions, and all other charged which are an obligation of the proprietary
e m u p a n i c - , or of t h e S o u t h e r n P a c i f i c Company its h s . v e .
R e c e i p t s and payments appertaining to transactions in former
years, and transactions other than such as grow out of the transportation operations of the roads, and adjustment between
the several interest* in respect to operation*, are shown separately under profit and loss. Under "proprietary companies”
are shown the earnings over operating expenses, taxes and fixed charges which inure to the Southern Pacific Sompany as
the principal owner "of the stock of *atd proprietary companies, and under * leaded lines*' the profits or losses from"the
•
ojeTation of tin- property tea-ed from the Oregon & California R. R. Co., Central Pacific R. R. Co. and California Pacific
R. K. Co. which inure to or become a charge against the income of the Southern Pacific Company.
Y a»
»;
Mile* o f

J p H B 3 0 , 1397,

teased

P r o p r ie ta r y
Coin p a n ir*.
5,243-17

rail U ses..
IkCOMB.

S o u th e r n
P a c ific Co.

L in e s ,

G ro s s tr a n s p o r ta tio n e a r n in g s ..
O p erating e x p e n s e s.......................

$ 3 3 ,4 8 8 ,4 7 9 22 $ 1 5 ,3 2 3 ,7 7 1 04
2 2 ,1 9 0 ,7 0 2 13|
9 ,4 1 0 ,2 5 0 30

Earning* over ope r» t i t>c expenses------ -— .........

$11,288,777 09;

T rack a g e an d o th er re n ta l* ........................................

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

E a rn in g * u n d e r o p e r a tin g e x p e n s e * .........................

$ 3 ,9 1 3 ,5 2 3 24

C i;
OO
40
00
50

1 0 2 ,6 9 0 37

$32,432,484 69

In c o m e fro m In v e s tm e n ts ................................................

I n te r e s t on open a c c o u n ts............................. ..—
E a rn in g s of sin k in g f u n d s ....... ......................................
M iscellaneous receip t* ..... ......... ................................

Ciiahom to Income,

$ 0 ,0 1 6 ,2 1 9 61

T a x e s................... ................................ .............. ........................................ .................
T rack ag e an d o u te r re n ta ls ...................................................... ...................... .........
R en tal, C alifo rn ia Paeiile K R ........ ........................................................................
B etterm en t* an d a d d itio n s............................. ........................................................
I n te re s t on bonded d eb t ..........................................................................................
In terest on S ta te of T exas school d eb t.......... ......................................................
In te re s t on open acco u n t* ........................................................................................
m tiking-tand * a o tn b a tio M a n d e a rn in g s,....... ....................................................
G eneral ad m in istratio n e x p e n s e s— , . ................................................................
T are* and ex p en ses of la n d d e p a r tm e n t.............................................................
M iscellaneous expense* ........................ .................................. ...............................
N et profit u n d er om nibus lease due 8. P. Co......................................................

$ 8 8 4 ,53174
731,977 221
15,285 13
7 ,8 4 3 ,5 3 3 93
2 3 ,0 5 0 11
2 2 0 ,8 6 9 47
4 1 5 ,2 4 5 ,0 0
6 8 ,6 3 6 79
6 3 ,2 8 9 23
6 .1 7 0 5 3
1 5 7 ,8 4 9 30

C. P HR. e irntng* o v er o p e r a tin g e x p e n se * , ta x e s , r e n ta ls, b etter m en ts and

$ 5 0 ,6 4 7 41

65,988 32
$6,340 91
548,363 30
361,617 35

$GG2,702
1 9 4 ,0 0 0
2 1 2 ,9 0 0
1 0 0 ,1 9 4
4 ,2 1 0 ,5 9 7

$17,193,959 42
1,185,303
437,319
382,591
1-25,245
49,351
137,849

31
35
40
00
48
30

$1,084,914 96 $19,533,019 26

90
20
“

$19,950 45
15.000 00
.................!

50

154,350 00
.................;
134 ,4 1 6 2 1
75.000 00'
.................:
................
................
................

6 7 30 80

$18,871,900 67
31,675,941 25

$1,567,188 15
941,043 48
212,989 00
121,479 13
12,208,48143
23,050 11
3 62,02128
490,245 00
68,836 79
03,269 23
0,170 53
157,849 30

•1,038,17.7 80

nd ti
ad d itio n s, an d In te re st on bonded d e b t ...................... .................................
T o ta l ch a rg es to Incom e..

7 ,3 7 1 -0 6

23,425 92
157,840 30

N e t p ro fi t fro m o p e ra tio n * u n d e r o m n ib o * le a s e ..
T otal in com e.

Total.

2,128-48

$ 1 0 ,4 30,42045

1,038,177 80

$6,131,444 12;

$398,716 06; $ 1 7 ,260A 8123

.
S u r p l u s ............................................. ..................................................................................

$2,002,064 24

$688,198 80

$2,273,038 03

$415,224 51
I> fl :: t . ............. ................................................ .......... ....... ........ .. ............. - ....................
* A p p lica b le to th e p a y m e n t o f U nited S tate* requirem ent. u n d e r T hurm an A ct, com pany sinking fund, lan d d e p a rtm e n t expense*, ajjd
o th e r co rp o ra te charge#.
Surplus as a rove.......... ................ .......................................................................................................................................................$2,273,03803
E x p en d itu re* for b e tte rm e n ts and additions n ot Included In above abatem ent, vi*.t

For account of l..»»-d line* ...................................................................... .......................... $31,124 25
For account O proprictarr lines........................................................................................... 891,674 22
f
----------- 922,798 47
B a la n c e , after deducting all expenditure* for betterment* and additions.......... ....... ................. . — ......... $1,350,239 56
Of the expenditures charge-1 to betterments and additions to the proprietary companies $133,471-09 was charged to
Profit an I Lo«*. leaving- $778,303 u charged to capital account. The character of these expenditures is shown in detail in
the financial statement.* of the re ipective proprietary companies,
Owing t„ the change in th» fiscal rear from December 31si to June 30th comparisons in regard to net results after deductin ' fix'-d - harses. in which there has not- been any material change, are omitted. As a matter of general information,
however, a statement of the transportation operations and expenses of the proprietary and leased properties, including for
the pnrpo---* of comparison also the Houston & Texas Central Lines for years ending June 30th, for the last five years, is
herewith subm itted:

THE CHRONICLE.

872
Y ears
A ver. M iles.
1897
.............. 7 ,3 7 1 0 6
1896 "
. . 7 ,3 6 9 4 0
1 8 9 5 ...........................
. 7 ,2 7 6 83
1 8 9 4 !........................*........... 7 ,2 1 3 83
1 8 9 3 .’ I . . . .1 ....................... 7 ,1 7 5 83
.

Gross E a r n in g s .
$ 4 8 ,8 7 1 ,9 0 0 6 7
4 9 ,5 8 7 .0 6 8 96
4 9 .9 7 4 ,0 1 2 55
4 9 ,3 2 7 ,6 2 3 9 9
5 4 ,3 5 6 ,7 2 9 51

[VoL, LXV.

O per. E xpen ses.
$ 3 1 ,6 7 5 ,9 4 1 25
3 2 ,7 1 8 ,1 2 2 2 7
3 2 ,9 1 0 ,0 2 9 0 1
3 1 ,7 1 7 ,4 6 0 8 4
3 4 ,8 1 5 ,5 2 7 4 5

E a r n s , over Op. E x.
$ 1 7 ,1 9 5 ,9 5 9 42
1 6 .8 6 8 ,9 4 6 69
1 7 ,0 6 4 ,0 1 3 5 4
1 7 ,6 1 0 ,1 6 3 15
1 9 ,5 4 1 ,2 0 2 0 6

Comparing the transportation operations for the year ending June 30, 1897, with the year ending June 30, 1896, gross
earnings have decreased $715,168 39, or 1-4-1 per cent, operating expenses have decreased $1,043,181 03, or 3-18 per cent, and
earnings over operating expenses have increased $337,012 73, or 1-94 per cent. The decrease in gross earnings has resulted
from the unfavorable business conditions which prevailed during the year just ended, and which were exceptionally de­
pressed by the grave financial questions involved in the Presidential election. There was practically no improvement in
the general business situation until within the last two months of the year.
The company has expended, from the time it acquired control of these properties to date, over sixteen million dollars
in substituting steel and iron bridges for wooden bridges, stone, brick or concrete foundations for timber foundations, for
ballasting, rolling stock, and the use of creosoted and burnettized ties in making renewals, and for other betterments and
additions and improvement of the property. These large expenditures have enabled the company to reduce its expenses
and to cheapen the cost of operation without impairing the physical condition of these properties. The direction in whioh
these economies have been effected is more fully explained under “ operating expenses.”
The distiibution between the several interests of the net results from operations for the eighteen months ending June
30, 1897, which enter into the assets and liabilities or profit and loss account of the various companies since the last pub­
lished statement of said companies, is detailed in table No. 5.
III.—C A P IT A L ACCOUNT.

The changes in the capital account for the eighteen months ending June 30, 1897, have been as follows :
P r o p r ie t a r y L in e s .

Fixed In terest
beating B onds &
Secured Debt.
$ 1 4 1 ,8 3 7 ,6 3 5
O u tstan d in g D ecem b er 3 1 , 1 8 9 5 ........................................................
Issued to Ju n e 3 0 , 1897.
Southern P aciflo RR . o f C al., 1 s t m tg e. 5 p er cen t of 1937,
2 ,6 1 2 ,0 0 0
issued in p a y m e n t for n ew lin e s and other p r o p erty .................
S outhern P acific RR. o f Cal., 1 st m tge. 5 per c en t o f 1937,
issu ed in e x c h a n g e for 1 st m tge. 5 p er c en t o f 1 9 3 8 ...................
1 7 4 ,0 0 0
Southern P acific RR. o f C al., c a p ita l stook issu ed in p a y m e n t of
n ew iiu e s and p r o p erty ..................... ..................................................
The D irect N a v ig a tio n , 5 per c e n t se cu red n ote, issu ed in p a y ­
100,000
m en t of p r o p erty ..........................................................................................
T he D irect N a v ig a tio n , ca p ita l sto ck , issu ed in p a y m e n t of
p r o p erty ......................................................................................................
T o t a l.............................................................................................................. $ 1 4 4 ,7 2 3 ,6 3 5
R etired to Ju n e 3 0 ,1 8 9 7 .
Southern P acific RR. o f Cal., 1 s t m tg e. 6 per c en t o f 1 9 0 5 , pur­
ch ased and c a n c e le d ..................................................................................
$ 9 0 ,0 0 0
Southern Pacific RR. o f Cal., 1 st m tg e. 5 per ce n t o f 19 3 8 , e x ­
ch an ged for 1st m tge. of 1 9 3 7 . ..........................................................
1 7 4 ,0 0 0
T. & N. O. RR. 1st M. 7 p. c. m ain lin e purch ased and can celed
4 5 .0 0 0
P a y m e n t to S ta te o f T e x a s for a cco u n t of sohool fund d e b t___
1 1 ,5 8 3
H ouston < T e x a s C entral RR. 1 st m tge. 5 per c en t bonds due
fc
J u ly 1 ,1 9 3 7 , purch ased aud o a n c e le d .............................................
4 5 .0 0 0
H ou ston U nion D epot. 7 p . c. bonds due D ec. 3 1 ,1 8 9 6 , ca n celed .
1 3 .0 0 0
C apital stock o f th e fo llo w in g com p anies charged off:
A tch a fa la y a Bay Co........................................... ......................................
B uffalo B a y o u Ship C hannel C o............................................................
H ou ston D ireot N a v ig a tio n C o..............................................................
T e x a s T ransportation C o........................................... .............................
S. P. Co., 6 per c en t stea m sh ip bonds p u rch ased and c a n c e le d ..
T o ta l..............................................................................................................

Incom e
Mortgage
B onds.

So u t h er n P a c if ic Com pa n y .
Fixed
Interest-bear­
in g B onds.

C apital Stock.

C apital Stock.

07 $ 6 ,3 5 4 ,0 0 0 00 $ 1 8 0 ,8 9 8 ,4 5 8 75 $ 2 ,7 1 5 ,0 0 0 00 $ 1 2 0 ,9 9 5 ,0 7 0 0 0
00
00
1 ,7 3 6 ,1 0 0 00

00
5 0 ,7 0 0 0 0
0 7 $ 6 ,3 5 4 ,0 0 0 00 $ 1 8 2 ,6 8 5 ,2 5 8 75 $ 2 ,7 1 5 ,0 0 0 00 $ 1 2 0 ,9 9 5 ,0 7 0 0 0
00
00
00
36
00
00

$ 3 7 8 ,5 8 3 36

$ 2 2 5 ,5 0 0
52
1 5 0 ,0 0 0
2 8 ,4 0 0

00
75
00
00
$ 1 4 3 ,0 0 0 0 0

$ 4 0 3 ,9 5 2 75

$ 1 4 3 ,0 0 0 0 0

O utstan d in g J u n e 30, 1 8 9 7 ......................................................................... $ 1 4 4 ,3 4 5 ,0 5 1 71 $ 6 ,3 5 4 ,0 0 0 0 0 $ 1 8 2 ,2 8 1 ,3 0 6 0 0 $ 2 ,5 7 2 ,0 0 0 0 0 $ 1 2 0 ,9 9 5 ,0 7 0 0 0
In c r e a se .............................. ............. ...................................................................
D e c r e a se .......................................................................................................

$ 2 ,5 0 7 ,4 1 6 64

$ 1 ,3 8 2 ,8 4 7 25
$ 1 4 3 ,0 0 0 00

IV .—PR O F IT A N D LOSS.

The following statement shows the net income from operations and all adjustments between the proprietary companies
and the Southern Pacific Company in respect to the results from the operation of proprietary lines leased to the Southern
Pacific Company ; also all other transactions and adjustments during the eighteen months ending June 30, 1897, which
were credited or charged against the profit and loss account of the respective com panies:
- 0 R E D 1 V.
P rn n fjo n m ’i!
B alan oo D ecem ber 3 1 ,1 8 9 5 ...............................................................................................................
$ 3 5 3 8 2 54,0 08
In com e from o p eration s for th e e ig h teen m o n th s en d in g Ju n e 30,' 1897," a’ ln e r Con- * ’
a
’
1roller’s ta b le No. 5 in fia m p h let r e p o rt................................... __
1 ,7 3 3 ,3 9 5 93
A djustm ent o f in te r e sts In W ells, F a rg o & Co.’s E x p ress c o n tr a c t’.............................................
4 7 2 ,7 2 9 8 2
A d justm en t o f u d v a n ees for t a x e s and e x p e n d itu re s for accou n t o f F. p l o i o o t t t r u s t e e ’
5 8 ,4 6 6 4 7
A m ou nt to the credit, o f m a ter ia l a n d su p p lies on hand at the c lo se of th e y e a r s 1 8 9 0
an a 1803 in e x c e s s o f th e a m o u n t sta n d in g a g a in st said m a terial a c c o u n t u p on t h e
books now charged o ff................... ...................................................
P roceed s from s a le s and le a s e of la n d s............................................................ ........................................
1 9 8 ,2 2 5 61
Old m aterial so ld .......................................................... ...............
...............................................................
4 ,3 1 5 53
D eb ts due T e x a s T ra nsp o rta tio n Co. co lle c te d
1 8 ,2 5 4 0 0
Sinking-fund co n trib u tio n s and sin k in g -fu n d earnings!
4 6 8 ,1 8 0 0 0
Old a ccou n ts c o llected .
3 ,3 4 3 9 2
P ro llt to S outhern P acitic Co. from o p era tio n s o f lea sed lin o s, v iz : ............................................
’
N orthern C alifornia R a i l w a y .........................................
C alifornia P acitic R a ilr o a d ...................................... ...........J.............................................................
L obs in op eration o f South P ac. CoaBt R y . ch argeab le to in o o W o f S ou th ern P ac. C o!!
1 8 4 ,6 4 6 51

South. Pac. Oo.
$ 6 ,1 7 5 ,6 8 7 3 4

$ 3 ,1 3 6 ,5 5 7 79

Total.
$ 4 1 ,5 5 8 ,2 2 7 42

9 7 5 ,2 7 0 4 2

2 1 8 ,5 8 0 91

7 5 ,0 0 0 0 0
2 0 ,5 1 2 68 (
4 5 ,6 2 5 0 5 J

2 ,7 0 8 ,6 6 6 35
4 7 2 ,7 2 9 8 2
5 8 ,4 6 6 4 7
2 1 8 ,5 8 0
1 9 8 ,2 2 5
4 ,3 1 5
1 3 .2 5 4
5 4 3 ,1 8 0
3 ,3 4 3

91
61
53
00
00
92

6 6 ,1 3 7 7 3
1 8 4 ,6 4 6 51

P rollt to Southern Pacific Co. from o p era tio n s o f N orthern C alifornia R a ilw a y
L oss in operation o f South Pac. C oast Ry. ch argeab le to in com e o f S o u th e rn P a c . C o "
E x p e n d itu r es for h etterm o n ts and a d d itio n s H ouston & T e x a s C entral R R Co in IRQn
E x p en d itu r es for b etter m en ts aud ad d itio n s, Jan . 1 , 1896, to J u n e 3 0 1 8 9 7 v iz •
’
H o u sto n < T e x a s C entral R ailroad Co..............
fe
’
’ ’ i 71 "
«
qoq aa
J
A u stin A N orthw estern R ailroad Oo.........................
..........................................* < 1 0 1 7 5 1 0
C entral T e x a s & N o rth w estern Ry. C o .....................
........................................
1 ako r!
F o r t W orth & N ew O rleans R a ilw a y C o ..................................................................
8 9 2 2 94

$ o 0 M 2 fiR
* ’
68
o a a n iiiio 'f

L oss In sa le o f pro p erty o f H o u sto n D iro et N a v ig a tio n Co
'
C apital sto c k o f T e x a s T ra nsp o rta tio n Co. ch arged off
.........................................................
L oss in sa le o f prop erty o f T e x a s T ra n sp o rta tio n Co
P rem ium paid on bonds redeem ed and c a n c e le d .......... ............................................
A djustm ent in v a lu a tio n o f se c u r itie s o w n ed ..........
..............................................
S u rv ey s fo r aco o u n t o f Plim nlx e x te n sio n , charged o f f ........................ .....................
U n collectib le a o ooim ts ch a rg ed off_......................................! ! ! ! ! ! ...................................
T a x e s paid by S outhern Pacific Co. for acoou n t op eration s in v o ir i r r t 1 a aa
A djustm ent In land, a c c o u n ts..............................
v
nu n s in y e a r 1 8 8 7 -1 8 8 8
L and co n tr a c ts o f Southorn P acific R ailroad o f 'California,'sin-rendered*-----T o t a l ........................................................................................
........

?1i4 6 ,3 6? £ ?
t ’§7 01
ia u .s u 1 01
1
2 5 ,9 0 0 0 0
1 5 ,8 5 7 63
1 3 ,0 5 0 0 0

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

$ 4 ,4 7 1 ,5 4 6 85

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

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

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

$ 1 8 4 ,6 4 6 51

$ 2 0 ,5 1 2 68
1 8 4 ,6 4 6 51
2 8 8 ,0 6 6 6 7

2 8 8 -0 6 6 67

T 6 , 5 03 94
1 3 ,2 8 0 5 0
"20,523 16
4 0 5 ,5 9 0 0 2
$ 1 ,1 7 3 ,7 2 3 67

B a la n ce to cred it J u n e 3 0 , 1 8 9 7 ...........................................
In crease for t h e e ig h teen m o n th s............................................ ” .................................................. ...........' - " | i ’9 6 2 ,8 3 4
• A lthou gh th e la n d s surrendered c o n stitu te an a sset o f th T o m p a n y th e y a r e n o t t r e a te d a s s u c h In its

7 ,1 5 0 0 0
1 1 ,6 5 9 82
2 0 2 ,8 8 7 14
$ 4 0 6 ,3 4 3 ’ 7
4
$ 7 ,1 0 4 ,3 3 2 9 3
$ 9 2 8 ,6 4 5 59

2 1 4 ,0 7 8
1 4 6 ,3 6 1
2 5 ,9 0 0
1 5 .8 5 7
20.200
1 1 ,6 5 9
1 0 ,5 0 3
1 3 ,2 8 0
2 0 2 ,8 8 7
2 0 ,5 2 3
4 0 5 ,5 9 0
$ 1 ,5 8 0 ,0 6 7

06
01
00
63
00
82
94
50
14
16
02
14

$ 4 4 ,4 4 9 ,7 0 7 13
$ 2 ,8 9 1 ,4 7 9 7 1

s ta te m e n t o f a ss e ts an d lia b ilitie s.

THE CHRONICLE,

N o v e m b e r 6 , M O T.}

h73

SU M M A R Y O F R E C E IP T S A N D D IS B U R S E M E N T S F R O M A L L SO U R C E S.

DISBURSEMENTS.

RECEIPTS.

E x p e n d itu r e s o n c a p i ta l a c c o u n t, p r o p r ie t a r y lin e s , v iz .:
F o r n e w p r o p e r ty a c q u ir e d ..................... $ 3 ,5 1 7 ,0 2 6 85
B e tte r , a n d a d d it'n s o u c o m p le te d lin e s 1 ,0 5 6 ,7 6 7 21

N e t p ro fit* fro m t r a n s p o r ta tio n o p e ra ­
ti o n s a n d r e c e ip ts fro m a il o th e r t r a n s ­
a c tio n s d a r in g th e e ig h te e n m o n th s , e x ­
c e p t fro m c a p i ta l c r e a t e d :
S o u th e rn P a c ific C o m p a n y ........................

----------------------- $ 2 ,8 9 1 ,4 7 9 71
C o lle c tio n o f c u r r e n t a s s e t* ...... ..................

3 ,7 4 7 ,2 6 3 89
L e s s p ro c e e d s fro m s a le o f m is c e lla ­
n e o u s s to c k ......................................

$ 1 ,1 9 8 ,3 3 5 63

C o lle c tio n o f d e fe rre d a s s e ts ........ .................

1 ,3 7 8 ,4 5 7 0 4

C o lle c tio n o l c o n tin g e n t a s s e ts ......................

2 4 8 ,0 4 3 11
----------------------

$ 4 ,4 2 0 ,6 4 7 56

E x p e n d !!, o n c a p ita l a e c t. So. P a o . C o,, viz.:
P u r c h a s e c a p ita l s to c k H .& T .C .K R .C o. $ 3 ,1 8 9 ,4 4 5 9 4
P u rc h a s e c a p i t’i s t o 'k B. P .R R .C o .o f C al.
1 3 ,6 6 9 8 1

9 2 8 ,6 4 5 59

N e t r e c e ip ts fro m c a p i ta l c r e a t e d .................

$ 4 ,5 7 3 ,7 9 4 06
1 5 3 ,1 4 6 50

L e ss c o s t o f c a p i ta l s to c k c h a r g e d off.

P r o p r ie ta r y c o m p a n ie s .................................? 1 .9 6 2 ,8 3 4 12

$ 3 ,2 0 3 ,1 1 5 75
2 8 ,8 5 5 0 0
3 ,1 7 4 ,2 6 0 7 5
1 ,5 2 6 7 5

E l e c tric -lig h tin g p la n ts o n s te a m s h ip s ...................
lie , i". II of ,' 1 1
1 -ri-iit 'U .iilu ic s .................... $ 2 ,9 5 6 ,8 9 4 4 9
L e ss In c re a s e in d e f e r r e d lia ­
b ilitie s ........................................ $ 7 5 9 ,9 7 9 79
L e s s in c r e a s e In c o n tin g e n t
lia b ilitie s .................................... 3 2 9 ,7 7 0 38
------------- ------ 1 ,0 8 9 ,7 5 0 1 7

2 ,8 2 4 .8 3 5 78

1 ,8 6 7 ,1 4 4 32
T o ta l r e c e i p t * .. . .......... *.........................................................$ 9 ,4 6 3 ,5 7 9 3 8 !

T o ta l d is b u r s e m e n ts ...........................................................

V .-A S S E T S A N D L IA B IL IT IE S O F T H E P R O P R IE T A R Y " C O M P A N IE S A N D

$ 9 ,4 6 3 ,5 7 9 38

S O U T H E R N P A C IF IC C O M PA N Y O N J U N E 30 , 1 8 9 7

The assets and liabilities have been classified s o as to place their character underatandingly before those interested in
them. Under " Current ” have been classed the liabilities which are in current process of adjustment and the assets avail­
able for their paym ent; under '* Deferred ” such liabilities as are payable at some future day, either near or remote, and
the assets available therefor; and under “ Contingent” the amounts involved in the general accounting between the
Southern Pacific Company and the proprietary companies ; accounts with leased lines and others in which the collections
are subject to special conditions and adjustments, and such other accounts as the companies may, on their books, have
opened with themselves for convenience in accounting in respect to certain funds.
P r o p r ie ta r y
O om paniet,

A 8 SE TS.

Total, J u n e 30,
1897.

+ In c re a s e or
— decretive
c o m p a red w ith
Dec. 3 1 ,1 8 9 5 .

$ 3 ,0 7 2 ,8 4 5 04

$ 3 4 0 ,4 4 8 ,7 5 7 96
3 .0 7 2 .8 4 5 04
1 6 ,5 9 0 ,6 4 7 06

+ $ 3 ,5 1 7 ,0 2 6 85
+
1 ,5 2 6 7 5
+ 1 ,0 5 6 ,7 6 7 21

S o u th e r n P a c ific
C om pany.

1’BOFERTT.
C o s t o f ro a d a n d f r a n c h is e * .. . ..................................... . . ...............................
S te a m s h ip * a* p o r t a b l e No. 2 2 to p a m p h le t r e p o r t . ______ ________ . . . .
B etterm en t* and a d d itio n s sin c e M arch 1 ,1 8 8 5 ..............................................

$ 3 4 0 ,4 4 8 ,7 5 7 96

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

$ 3 5 7 ,0 3 9 ,4 0 5 02

$ 3 ,0 7 2 ,8 4 5 04

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

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

$ 5 8 3 ,1 5 1 46

$ 1 2 2 ,9 9 0 ,0 5 3 08
6 7 9 ,8 3 0 16
9 0 3 ,5 7 7 67

$ 1 2 3 ,5 7 3 ,8 0 4 54
6 7 9 ,8 3 0 16
9 0 3 ,5 7 7 67

—

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

$ 5 8 3 ,1 5 ! 46

$ 1 2 4 ,5 7 1 ,0 6 0 91

$ 1 2 5 ,1 5 7 ,2 12 37

+ $ 3 ,0 2 1 ,1 1 4 25

T o ta l p r o p e r ty a n d s to c k * .

$ 3 5 7 ,6 2 2 ,5 5 6 48

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

,2 0 9 ,4 1 1 2 m

1 6 ,5 9 0 ,6 4 7 06

B rora.
B tock in p rop rietary c om p an ie s *» per ta b le No. 2 8 In p a m p h let report
S to c k in le a se d line* a s per ta b le N o. 2 6
'■
"
S to c k In o th e r c o m p a n ie s a s p e r ta b le N o. 26
“
"

Ctmnr.MT A s s e t s .
Pace value.
$ 1 ,7 4 9 ,0 0 0 00
C a p ita l Stock W ell*. F a rg o A C o .............................
8 . F . H R . t v o f C a l . u t m .irt. 5 p e r c e n t b o n d s ...... 1,2-11,000
00
6 . W, T. A- P. Kjr. Co.. 1 st m o rt. 5 p e r c e n t b o n d s .... 2 ,2 2 4 ,0 0 0
00
O . A C. RK . Co. I « m o rt. 5 p e r c e n t b e n d s ................
310,1X10 0 0
0 tS » V a lle y O loiie ,v Nor. Ry C o,. 5 p e r o e n t b o n d s . . . . . .
1 7 0 .0 0 0 0 0
S ie r r a tty . Co. o f C al., 1 s t m o n . 6 p e r c e n t b o n d s ...
5 0 ,0 0 0
00
T e x a s f r a n s n . O n - 1 s t m o rt. 5 p e r c e n t b o n d s . ................
3 5 0 .0 0 0 0 0
H o u s to n <fe fax. C e n t, fttt, g e n . m e r e 4 p e r c e n t b o n d s ..
5 7 0 ,0 0 0 00
H o n s tb a A T e x . C en t B B . C o,, d e b . 6 p er c e n t b o n d s —
2 8 ,0 0 0 00;
F t . W o rth & N ew O rle a n s R y ., 1 s t m o r e 6 p e r c e n t b o n d s
H o u s to n (T ex a s) c ity b o n d s . . . , ........ ...................................... ..
koodoo
S to c k o f C itizens* B a n k o f L o u is ia n a ............................
3 6 ,0 0 0 00;
T h e D ire c t N a v ig a tio n 5 p e r c e n t s e c u re d n o t e ...... ..............
C ash.
A g e n t* and c o n d u c to r s...................... ......................
B u is re c e iv a b le ........................................................
P a cific Im p rovem en t C o .........................................
In d iv id u a l-, a n d c o m p a n ie s ....................................
U. 8. tr a n s p o r ta tio n .................................... .............
M a te ria l, fu e l a n d o th e r s u p p lie s ......................
C o n s tr u c tio n a d v a n c e s fo r o t h e r c o m p a n ie s .
T raffic b a la n c e s ...... ............................... ..................

$ 1 1 3 ,1 4 0 0 0

00
00
88
00
34

3 5 0 ,0 0 0 0 0
3 7 0 ,5 0 0 0 0
2 6 ,8 2 5 00

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

00
00
38
00
34
00
00
I0
00

De f e r r e d A ssets.
N te a m s h ip E l R io a n d to g E l T o r o ..................................
R iv e r ste a m e r s a n d b a r g e s ...... ...........................................
R e a l e s ta te a n d te rm in a l p r o p e r ty —B an F r a n c is c o .
R e a l e s t a t e a n d te r m in a l p r o p e r ty o th e r p l a c e s . . .
C re o so tin g a n d b u r n e ttlx ln g w o rk s—C a l i f o r n i a . .. ,.
R o llin g s t o c k .............................................................................
S ta te of T e x a s su b sid y lan d * (1 ,5 0 9 .1 8 6 a c r e s ) ..........
O t t e r la n d * in S ta te o f T e x a s (1 1 2 ,9 1 9 a cre* } ............
l a n d n o te s a n d c o n t r a c t s ................... .......... ....................
O ther p ro p erty .......... .............................................................
S in k in g f u n d - ................................ .......................................
In d iv id u a ls a n d c o m p a n ie s .................................................
- U .8 . t i a n s p o r t a t l o n —Paotfio S y s te m ..............................

$ 2 ,1 7 9 ,9 7 3
2 9 0 ,0 1 6
2 ,8 5 0 .0 5 1
11,403
3 ,0 7 1 .5 3 4
4 1 ,2 1 2

00
00
75
92
34
76
07
71
18

74
19
21
60
03
88

COHTIWOEWT AS* STS.
Pace va lu e.
* 1 ,1 1 0 ,0 0 0 0 0
0 , H . A S A . R y ., M, P, e x te n s io n In c o m e b o n d s —
P r o p r ie ta r y c o m p a n ie s . . . .................................................................................... ..
In d iv id u a l* an d e o m p a n le s .......................................................... ................
H o u s to n A T e x a s C o n tra ! B B . re o r g a n iz a tio n .................................................
S o u th e rn P acific C o m p a n y .................................................................................
..

Bon th o rn P a r :* * R R . Co. o f C a l i f o r n i a , .. ....................... ...................................
*
B outli.-rn P aeifif RR. Co. o f N ew M e x ic o ................................... ................
L o u isia n a W e s te rn RK. Co. .................................................... ....................... .
« * !v e « t.i 0 H a r r is b u r g A S an A n to n io R y. Co...................................................
New- Y ork F r i a s A M e x ic a n B y , C o ......................................................................
U n it W e ste rn T e x a s A P a c ific KR. C o . . . . . . .............................................. .
F o r t W o rth 4: N ew O rle a n s R y , C o ,...................................... ...............................
O re g o n A C a lifo rn ia B B . C o,
.............. ..................................................
S o u th e rn D e v e lo p m e n t C o m p a n y ..........................................................................
C o n s tr u c tio n a d v .ii.e e* to p r o p r ie ta r y e o m p a n le s ........................................
S a n A n to n io * tr a r .a a s P a s s R a i l w a y ................................................................
M isc e lla n e o u s s to c k s ................. ................................. ........ .....................................

1 9 ,054 27
2 ,4 0 0 ,0 7 5 20
1 8 ,3 6 2 47
_ $ 0 ,7 7 5 ,6 7 2 82
_

$ 1 3 ,6 6 9 ,1 2 5 55
$ 5 7 7 ,3 6 8
2 3 ,6 0 0
2 ,0 0 0 ,0 1 6
7 3 1 ,1 8 7
1 2 5 ,6 0 3
1 2 9 ,7 0 1
2 ,1 7 9 ,9 7 3
2 9 0 ,0 1 6
2 ,8 5 0 ,0 5 1
1 1 ,493
3 ,0 7 1 ,5 3 4
7 4 ,9 4 6
6 3 1 ,3 9 8

2 ,0 0 9 ,5 7 9 13
4 9 4 ,1 4 0 0 4
2 0 4 ,1 1 4 90

67
00
05
28
30
92

3 3 ,7 3 3 6S
6 3 4 ,3 9 8 15

67
00
05
28
30
92
74
19
21
60
03
51
15

$ 4 ,2 5 5 ,0 1 2 00

$ 1 2 ,6 9 9 ,8 9 3 65

$ 2 7 7 ,5 0 0 00

$8 ,4 4 4 ,2 8 1 65

T o t a l.

7 ,5 9 0 , 4 3 5

+

$ 0 1 0 ,1 7 5 0 0

—

3 ,1 9 4 ,1 5 8 73
2 6 ,3 1 3 54

6 0 3 ,1 7 6 98

1 ,3 5 8 ,0 1 4
657
1 0 9 ,7 8 8
9 6 ,9 3 0
1 ,0 9 9 ,0 1 0
0 0 1 ,6 6 6
3 4 ,7 5 6
1 3 ,0 7 0
3 ,1 0 7 ,6 7 2

21
84
60
36
00
63
79
17
34

2 ,1 5 7 23

3 ,1 9 4 ,1 5 8
1 ,3 8 4 ,3 2 7
657
1 0 9 ,7 3 8
9 6 ,9 3 0
1 ,0 9 9 ,0 1 0
6 0 1 .6 6 6
3 4 ,7 5 6
1 3 ,076
3 ,1 0 7 ,6 7 2
6 0 3 ,1 7 6
2 ,1 5 7

73
75
81
60
36
00
63
79
17
34
98
23

3 65 0 0

365 00

6 4 8 ,0 0 0 0 0

6,000 00

100,000
1 ,6 9 6 ,1 7 1
2 7 3 ,6 0 0
7 4 ,9 0 4
9 9 ,7 1 8
1 2 1 ,9 4 8
1 0 ,9 7 0
8 9 1 ,7 0 4
3 6 3 ,9 7 2
1 7 7 ,2 5 7

00
50
38
02
10
92
56
89
62
00

—$ 1 .1 9 8 ,3 3 5 63

$ 1 2 ,7 5 9 35
1 ,1 6 7
5 3 ,5 7 3
5 ,9 4 4
7 ,3 1 0
4 2 2 ,7 6 9
3 03
5 6 4 ,9 5 4
2 ,1 2 0
— 1 ,5 9 9 ,5 7 9

36
16
88
37
58
62
34
65
89

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

$ 2 7 7 ,5 0 0 0 0
1 1 ,875 00
1 1 0 ,5 6 6 87

$ 1 1 ,8 7 5 00
1 1 6 ,5 6 6 87

06

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

3 6 ,0 0 0 0 0
1 0 0 ,0 0 0 0 0
2 ,7 6 8 ,9 0 4 88
5 7 6 .0 5 9 96
3 0 5 ,1 8 4 8 3
2 6 5 ,1 9 0 76
2 8 6 .0 5 9 0 7
8 4 ,4 1 7 98
3 ,7 3 3 ,1 3 4 38
18,302 4 7

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

3 6 .0 0 0
1 0 0 ,0 0 0
7 5 9 ,3 2 5
8 1 ,9 1 9
1 01,069
2 6 5 ,1 9 0
28 0 ,0 5 0
6 5 ,363
1 ,3 3 3 ,0 5 9

2 8 ,8 5 5 0 0

+$

_

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

T o ta l.

.................................... ............................... —

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

+ $ 3 ,0 4 9 ,9 6 9 25

$ 1 9 1 ,5 2 7
1 5 ,2 4 7
2 ,9 1 8 ,5 3 0
1 ,1 2 8 ,7 0 8
1 ,3 9 2 ,0 0 5
208,44 9
3 0 ,6 2 2
1 6 ,2 6 7
6 1 0 ,8 1 7
2 9 ,0 0 3
9 7 ,0 3 2
1 3 ,0 7 6
1 ,4 2 0 ,2 7 8
+
—
+

20
49
65
53
05
45
11
99
92
03
47
17
19

2 ,1 5 7 23
6 6 5 ,5 5 8 43
3 65 00

Total......

$ 3 ,9 5 2 ,4 8 0 12

$ 0 ,7 0 1 ,1 8 0 17

$ 1 0 ,6 5 3 ,6 3 6 29

$ 2 4 8 ,0 4 3 11

T o ta l a s s e ts ..

$ 3 7 3 ,9 1 2 ,7 4 6 98

$ 1 4 8 ,3 7 9 ,3 7 0 04

$ 5 2 2 ,2 9 2 ,1 1 7 92

+ $ 4 ,7 7 1 ,5 9 9 28

THE CHRONICLE.

874
l ia b il it ie s

F c n d e i» D e b t .

Southern Pacific
Company.

Proi rieto ry
Companies.

.

[V o l . LXV,
Total J u n e 30,
1897.

- decrease
com pared w ith
Dec. 31 , 1895.

a

F ix e d in te r e s t b e a rin g b o n d s, a s d e ta ile d iu s ta t e m e n t o f p ro p rie ta ry
T ? x a s ™N ew O rie u u s R a ilro a d C o . - s t a t e o f T e x a s B cb o ^ fiin d d e b t.
S o u th e rn P a c ific Co., 6^per c e n t s te a m s h ip b o n d s, d u e J a n . 1, 1 9 1 1 ....

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

$143,8(36,636 08
1 0 0 ,0 0 0 00
3 7 8 ,4 1 5 63
6 ,3 5 4 ,0 0 0 0 0

08
00
63
00
00

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

00
00
36
00

$ 1 5 0 ,6 9 9 ,0 5 1 71

-f $ 2 ,3 6 4 ,4 1 6 6 4

$ 1 8 2 ,2 0 1 ,0 5 2 00
8 0 ,2 5 4 0 0

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

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

+ $ 1 ,7 3 6 ,1 0 0 0 0
—
3 5 3 ,2 5 2 7 5

$ 1 2 0 ,9 9 5 ,0 7 0 00

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

+ $ 1 ,3 8 2 ,8 4 7 25

$ 3 3 2 ,9 8 0 ,3 5 7 71

$ 1 2 3 ,5 6 7 ,1 7 0 00

$ 4 5 6 ,5 4 7 ,4 2 7 71

+ $ 3 ,7 4 7 ,2 6 3 89

$ 5 , 7 '0 0 0
4 5 1 ,9 3 6 91
3 6 7 ,6 3 1 94

* 9 4 3 ,0 7 5 53
1 ,2 4 1 ,3 6 1 15
1 .8 0 3 ,5 0 4 4 4
2 8 ,3 5 6 35
3 4 7 ,8 9 9 33
7 7 1 ,7 1 9 28
1 0 0 ,7 2 9 73
8 9 ,5 6 5 0 0
2 ,4 5 2 ,9 5 0 00
8 3 2 .4 9 0 40
3 9 5 ,3 2 6 9 3

$ 9 4 8 ,8 2 5 53
1 ,6 9 3 ,2 9 8 06
2 ,1 7 1 ,1 3 6 38
2 8 ,3 5 6 35
6 9 5 ,1 2 8 31
7 7 1 ,7 1 9 28
1 2 9 ,6 9 1 09
3 8 3 ,8 9 2 17
2 ,7 2 7 ,3 5 0 00
1 ,3 2 3 ,1 1 5 48
3 9 5 ,3 2 6 93

—$ 2 ,2 4 2 ,8 5 6 9 6
—
5 8 7 ,7 5 4 1 0
—
4 3 ,6 0 9 7 6
— 1 ,1 4 8 ,2 0 8 6 7
+
6 9 5 ,1 2 8 3 1
—
4 2 3 ,6 3 9 38
+
1 2 9 ,6 9 1 0 9 '
+
2 4 7 ,2 9 3 90
+
0 ,0 3 5 0 0
+
1 5 ,6 9 4 1 5
+
3 9 5 ,3 2 6 93

$ 2 ,2 6 0 ,8 6 1 35

* 9 ,0 0 6 ,9 7 8 23

$ 1 1 ,2 6 7 ,8 3 9 58

- $ 2 , 9 5 6 ,8 9 4 4 9

$ 1 0 7 ,8 2 3 7 0

$ 1 4 0 ,' 0 0 00

$ 2 4 8 ,3 2 3 7 0

8 8 4 ,7 0 1 97

C c r r e n t L ia b il it ie s .

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

$ 1 8 2 ,2 8 1 ,3 0 6 00

Sto c k .
C a p ita l s to c k . L o u isia n a & T e x a s T r a n s p o r ta tio n c o m p a n ie s ...................

$•>,572,000 0 0

884,7* >1 97
3 7 6 ,1 8 2 4 4
5 7 6 .0 0 0 0 0
9 5 ,4 9 6 0 7

3 4 7 ,2 2 8 98
I n te r e s t c o u p o n s d u e b u t n o t p r e s e n t e d .............................................................
I n te r e s t o n b o n d s a c c ru e d to J u n e 30, b u t n o t d u e . . ...................................
D iv id e n d p a y a b le to C e n tra l P a c ific s to c k h o ld e rs J u ly 1 ,1 8 9 7 ...............

2 8 ,9 6 1
2 9 4 ,3 2 7
•274.400
4 9 0 ,6 2 4

36
17
00
99

D e f e r r e d L ia b il it ie s .
T a x e s e s tim a te d to J u n e 3 0 ,1 8 0 7 ........................................................ ................

3 7 6 ,1 8 2 4 4

5 7 6 ,0 0 0 0 0

9 5 ,4 9 6 07
$ 5 7 9 ,5 0 2 21

$ 9 4 ,1 4 7 84
1 2 ,7 5 0 0 0
3 3 7 94

R e n e w a l fu n d fo r s t r u c t u r e s ..................................... - ............ ..............................

6 3 9 ,4 1 5 73

C e n tra l T e x a s & N o rth w e s te r n R a ilw a y C o .............................................. .
$ 7 4 6 ,6 5 1 51
T o ta l lia b ilitie s .......................................................................................................

$ 3 3 6 ,5 6 7 ,3 7 2 7£

B a la n c e to c re d it o f p ro fit a n d lo s s .................................................. ............

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

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

77
82
08
58
OO
66

$ 1 ,6 0 1 ,2 0 1 97

$ 2 ,1 8 0 ,7 0 1 1 8

+

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

75
04
51
06
26
12
95

+ $ 2 6 8 ,7 6 2 5 0
—
3 ,3 6 4 1 0
+
3 2 ,0 9 1 05
+
8 .5 4 0 05
+
3 0 ,4 9 2 5 0
+
1 3 ,0 7 6 8 0
+ _
3 ,1 1 7 9 5

6 9 ,8 4 0
2 ,4 0 5 ,3 2 8
1 3 ,3 2 2
2 ,0 7 5 ,5 1 4
2 1 6 ,7 2 2
4 1 4 ,3 1 8
19,771
5,0 2 6

OC
3C
51
9S
21
91
(P
9‘

$ 1 ,0 1 3 ,0 9 8 75
5 * 0 ,0 3 6 04
2 9 9 .0 8 3 35
3 7 ,8 7 0 06
7 4 ,0 2 0 26
1 9 ,9 5 2 06
3 ,1 1 7 95
6 3 9 ,4 1 5 73
6 9 ,8 4 0 OC
2 ,4 0 5 ,3 2 8 3 6 ’
1 3 ,3 2 2 5 6 '
2 ,0 7 5 ,5 1 4 98!
2 1 6 ,7 2 2 28
4 1 4 .3 1 8 9 3
19,771 (P
5 ,0 2 6 9 ”

Contingent L ia b il it ie s .
R e n e w a l fu n d fo r c a s .......................... — • ...........................................................
R en e w a l fu n d fo r lo c o m o tiv e s ................................................................................

+
—
+
—
—
—

$ 7 ,0 9 9 ,7 8 7 81

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

$ 1 4 1 ,2 7 5 ,0 3 8 0 l |

$ 7 5 9 ,9 7 9 79

—
+
—
+
—
+
+
+
+

4 6 8 ,3 6 0
276.-4U1
5 6 ,8 4 3
2 6 1 ,8 9 0
6 6 ,2 1 6
.3,693

00
we
69
27
60
05
21,001 DD
5 ,0 2 6 9 7

$ 3 2 9 ,7 7 0 38

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

* 7 ,1 0 4 ,3 3 2 9 3 |

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

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

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

$ 5 2 2 ,2 9 2 ,1 1 7 9 2

+ $ 4 ,7 7 1 ,5 9 9 2 8

V I.—P R O PR IETA R Y C O M PA N IE S.

The follow ing s ta te m e n t show s th e o u tsta n d in g bonds a n d sh ares of th e p ro p rie ta ry com panies, a n d th e p ro p erty c o v ered th ereb y , on J u n e 30, 1897. 1 he ca p ita l stock of said com panies is ow ned p rin c ip a lly by th e S o u th e rn P acific C o m ­
pany, in exch an g e for w h ich th e c a p ita l stock of th e S o u th ern P acific C om pany h as been issued :
Ca p it a l A ccount .

Total, J u n e 3 0 ,1 8 9 7 . Total, Dee. 3 1 ,1 8 9 5 .1

Increase.

F ix ed In rerest- bearin g m ortgage d ebt, in clu d in g bonds o u tsta n d in g
on M ojave D iv isio n ..................................................................................................
S ta te of T ex a s sch ool fund d e b t— .....................................................................
In com e m ortgage b o n d s.............................................................................................

$ 1 4 3 ,9 6 6 ,6 3 6 08
3 7 8 ,4 1 5 63
6 ,3 5 4 ,0 0 0 0 0

$ 1 4 1 ,4 4 7 ,6 3 6 08
3 8 9 ,9 9 8 99
6 ,3 5 4 ,0 0 0 0 0

T otal bonds and d e b t........................................... .............. ......................I.........

$ 1 5 0 ,6 9 9 ,0 5 1 71
1 8 2 ,2 8 1 ,3 0 6 00

$ 1 4 8 ,1 9 1 + 3 5 0 7
1 8 0 ,8 9 7 ,4 5 8 75

$ 2 ,5 0 7 ,4 1 6 64
1 .3 8 3 ,8 4 7 25

T otal b on d s, d eb t and s to c k .............................................................................

$ 3 3 2 ,9 8 0 ,3 5 7 71

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

1 $ 3 ,8 9 1 ,2 6 3 89

5,454*84
71 *64
1,163*61

5,406*07
6610
1,097-16

48-77
6-54
66-45

6 ,690-09

6,569-33

120-76

5
370
3 ,0 7 0

5
3 70
3 ,0 7 0

7 47
181
527

7 23
177
512
1 24
7
1 9 ,3 4 4
294
9
5

Decrease.

P ro perty.
M iles o f m ain track and b ran ch es, Including M ojave D iv isio n ...............
M iles or se c o n d tr a c k ...................................................................................................

B aggage, m ail and e x p r e ss c a r s ...........................................................................
P a sse n g e r, parlor, d in ing and b u sin ess c a r s ................................................
P u llm an sle e p in g and to u r ist c a r s..................................................................
C om partm ent and co m p o site c a r s..................................................................
F reigh t cars o f a ll k in d s ..................................................................... .
R oad se rv ice ears o f all k in d s..................................................................
Ocean ste a m sh ip s.......... ..........................................................................
Car Iransfer ste a m e r s........................................................ .............................
P assen g er ferry ste a m e r s.................................................................................
R iv er stea m ers ..............................................................................................
B u rg es.............................. ..............................................................................
D errick b o a ts..........................................................................................
D red ger b o a ts......................................................................................
Stern d o ck s............... ..........................................................................
P ile d r iv e r s ............................................................................................

112

7
1 9 ,0 1 3
287
1

24
4
15

10

30
3

30
3

1
1
1

1
1
1

Bond a n d interest account, excluding Moiavc Division.
F -x -d Interest-b earin g m o rtg a g e d eb t and sc h o o l d e b t.........................
A n n u al Interest on sa m e on bon d s o u tsta n d in g J u ly 1, 1 8 9 7...........
A v e r a e e bonds and sch o o l d eb t per m ile of r o a d ....................................
A nnual in terest charge per m ile o f r o a d ..........................................

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

71
24
04
99

$ 1 3 4 ,5 6 6 ,6 3 5
7 ,3 9 2 .9 4 9
2 6 ,0 6 0
1.431

12

332
7

4

4

$ 1 1 ,1 8 3 36

|

2

2
10

'

$ 2 ,5 1 9 ,0 0 0 00

07
24
82
75

$ 2 ,5 0 7 ,4 1 6 64
1 2 3 ,1 9 5 00
2 3 7 22
LO 2 4

THE CHRONICLE.

N ovember 6, 1397,]

875

The operating expenses of these companies are charged currently with the cost of replacing all equipment destroyed,
worn out or sold daring the year. The amount to the credit of the renewal funds for locomotives, cars, floating equipment
and structures amounted on June 30th to f430,025*«3.
The earnings of these companies of which the net profits inure to the Southern Pacific Company, as the principal
owner of their capital stock, have been :
T e a r to J u n e
3 0 ,1 8 9 7 .
A v e ra g e m ile a g e o f ra B fin e s (o w n e d , r a il, 5 , IP S '30;
le a s e d , ra il, 3 0 -8 4 )................................ ..................... ................
P a s s e n g e r .......................
M a il... ' ...........................
E x p r e s s ..........................
E x t r a b a g g a g e .............
S le e p in g e a r .................
F r e ig h t.............................
C a r m ile a g e ...................
lx w o n io U v e m ile a g e ..
T e le g ra p h ....................
S n n firv .............................
R e n t a l..............................

E X P E N D IT U R E S ,

O p e ra tin g e x p e n s e s .........................................

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

T a x e s ...................................................................
T rackage an d o th er r e n t a l s ..........................
B e tte rm e n ts and ad d itio n s...........................

Ejuunwos.

$ 7 ,1 3 2 ,4 2 6
6 8 6 ,1 9 3 .4 I n te r e s t on b o n d e d d e b t ..................................
■168,106 47. In te re s t on S tate of T exas d e b t . ................
9 1 ,4 1 3 48 Sinkin g-fu n d co n tr ib u tio n s and ea r n in g s.
3 3 3 ,6 7 9
G eneral a d m in istratio n e x p e n s e s .............
•21,-127,602
In te re s t o n open a c c o u n t s ...............................
8 0 8 ,1 0 8
T axes a n d e x p e n s e s —la n d d e p a r tm e n t_
_
4-1,758
M iscellaneous ex p en se s..................................
5 7 ,7 8 4
3 7 4 .7 7 4
T otal e x p en d itu re s.
8 0 ,7 6 4
$ 3 1 ,1 9 4 ,6 1 2 58,
; 2 ,2 9 3 ,8 6 6 O-l!

T o t a l ........
S te a m s h ip s ...
T o ta l t r a n s p o r t a t i o n e a r n i n g s .
T r a c k a g e a n d o th e r r e n t a l s . . . . . . . . .
In c o m e fro m in v e s t m e n ts ...............
>1 * ■<-)!»!!eon* r e c e i p t s ..................... ..
1
E a r n in g s o f sin k in g fun d *.................
In te r e s t on o p en a c c o u n ts ................

............................. $ 3 3 ,4 8 8 ,4 7 9
...............................
5 3 4 ,2 4 3
...............................
7 5 ,7 0 2
......................
2 5 .9 2 9
...............................
1 2 5 ,2 4 5
3 3 2 ,6 91

13
74
22
13
93
11
00
79
47
23
53

$ 3 2 ,4 7 2 ,2 7 3 28

B a l a n c e .......................................................................................
N ot p ro fits d u e S o u th e rn P acific Co. u n d e r o m n ib u s
l e a s e . . . . . . .................................................................................

22
64
B a la n c e a f t e r p a y m e n t o f a ll c h a rg e s e x c e p t fo r
00'
b e tte t mont-s a n d a d d itio n s ...............................................
56
00' B etterm en t* and ad ditioniycbarged to proflt and lo s s ...
10 B e tte r m e n ts a n d ad d itio n .- c h a r g e d to e a p i ta t a c c o u n t.

T o ta l r e c e i p ts ........ ..................................................................... $ 3 4 ,6 3 2 ,1 8 6 82

$ 2 ,1 5 9 ,9 1 3 5 4
1 5 7 ,8 4 9 30
$ 2 ,0 0 2 ,0 0 4 24
$ 1 3 3 ,4 7 1 0 9
7 5 8 ,2 0 3 13
$ 8 9 1 ,6 7 4 2 2

The earning* and expenses (including steamships) per mile of road operated averaged:
J u n e 30,
1897.

T w b l t x m o n th s E k d i . o .
v

G ross tra n sp o rta tio n e a r n in g s ,.............................., . ..........................

D ecem ber 31 ,
1896.

Dec em ber 31,
1805.

R e n ta l fro m A tla n tic A I’aelflo R a ilro a d , fo r M o jav e D iv is io n .

$ 0 ,4 0 4 2 0
83 4 3
135 29

$6,401 05
8 3 62
103 51

$ 6 ,7 2 8 6 4 '
8 4 39
102 54

T o ta l r e c e i p ts ................................................. ......................................
O p e ra tin g e x p e n s e * ................... ......................................................................
E arning* o v e r riper* »ting e x p e n s e s .........................................................
T ax es an d s i o th e r d e e d charge*. sucSudSng latere* o n b o n d s o u ts ta n d in g a g a in s t M o jav e

$ 6 ,6 2 2 9 2
4,2-13 3 8
2 ,3 7 7 54

$ 6 ,5 8 8 18
4 ,2 7 4 79
2 ,3 1 3 39

$ 0 ,9 1 5 57
•1,407 83
2,4 1 7 7 4

O th er r e c e ip t* ................. ...................................................................................

Division and sink! g fund com rtbutiou* ...........
B u n in # * o v e r a ll (iced c h a r g e # .,.,....... ......................
B etterm en t.* an d ad d itio n * . ................................. .
B alance .......
........................................... .....................

1,9 0 4
413
17 0
2 42

48
06
52
5*1

1,931
382
160
222

25
14
14
00

1,9 0 8
539
343
1 95

52
22
74
48

V II.—T R A N S P O R T A T IO N E A R N IN G S F O R T H E T W E L V E M O N T H S E N D IN G JU N K 3 0 T H , 18 9 7 .

The tran-p .ru t ion operations and all statistics in respect thereto of the companies, whose capital stock is owned prin­
cipally by the Southern Pacific Company, and companies whose capital stock is owned by others than the Southern Paoifie
Company, but which are operated by th>- Southern Pacific Company under leases to it, have been, since the organization
of the Southern Pacific Company in 18tC distributed as between operations of lines west of El Paso and operations of
>.
lines east of El Paso. As th>- lines west of El Paso are all leased to the Southern Pacific Company and operated as one
system, they are knows a* the “ Pacific System ” of the Southern Pacific Company. Certain lines in Texas operated by
their own organization*, and in L-miM.-mi, leic-.l to the Southern Pacific Company, constitute the lines east of El Paso
g th> comparison of ojk‘rations with former years of substantially the same lines, the Opera­
tions bare been re-combined and are reported for convenience under “Atlantic .Properties/' A similar combination has
been mi b- of the operations of th - Houston & Texas Central, Austin & Northwestern, Central Texas & Northwestern and
Fort Worth & New Orleans railroads, and designated, for convenience, “ Houston & Texas Central Lines.”
BxSSHSOS.
A v e r a g e m ile# o f ra il line* op erated .
F a * * e n g er e a rn in g * ....................... .........................
M ali e a rn in g *
E x p r e s s fia o ilc g * . ........ .
E x t m b a g g a g e e a r n in g * _____
S le e p in g e a r e arn in g * . ...........
F r e ig h t e a r n i n g * .........................
C a r m ile a g e e a r n in g s ...............

lo c o m o tiv e m ileage ean d ttM
T e le g ra p h e a r n in g * ,,_______
S u n d r y e a r n in g * ...........................
R e n t a l e a r n i n g s ...........................

F a e tjU S ystem . {
4,943*45!
$ 9 ,3 0 1 ,6 3 1
1 ,1 9 8 ,3 9 0
3 2 7 ,8 2 4
124,441
4 0 1 ,7 9 8
1 9 ,1 5 5 ,2 6 5

??!

00

76
23
25
519,699 63
73,5 9 1 03
1 0 3 .1 9 0 00
1 3 8 ,5 9 9 46
1 2 7 ,0 6 3 49

H ouston <
*
Texas C e n tr a l
L in e s.

A tla n tic
P r o p e r tie s ,

1,801*30
$ 1 ,8 0 6 ,5 2 6
2 3 1 ,5 9 8
1 28,218
2 9 ,2 3 0
7 6 ,1 9 3
8 .3 0 4 ,9 9 8
2 1 9 ,2 4 9

46
10
60
35
76
79
82

2 4 8 .0 0 0 70
1 3 ,731 73

012*82
$ 7 1 6 ,0 1 4
9 0 ,0 0 0
6 4 ,6 1 7
1 0 ,8 1 3
2 ,8 1 5
2 ,7 5 8 ,8 9 0
*13.808
9,2 2 5

45
03
91
71
95
30
00
31
25
4 8 ,5 4 0 03
1 1 ,957 70

D u r in g the Y e a r.
Total.

In c re a se .

D ecrease.

7,857*63
$ 1 1 ,8 8 4 ,1 7 2
1 ,4 7 9 ,9 9 4
7 2 0 .6 0 0
164,491
4 8 0 ,8 0 7
3 0 ,2 7 8 ,9 4 9
7 8 2 ,7 1 3
0 3 ,8 3 9
1 0 1 .1 5 4
4 3 5 .1 9 6
15 2 ,7 5 2

04
85
57
82
94
40
45
31
82
25
98

$ 9 ,7 1 0 04

. .

- -

--

3 4 ,9 5 9 14
3 8 3 99
8 ,6 7 4 94

$ 3 6 5 ,4 4 9 25
4 9 ,0 5 5
4 ,6 3 0
3 0 ,6 9 3
19 6 ,1 1 1

86
22
85
84

2 4 ,8 0 4 39
5 .3 1 8 31

T o ta l ra ilr o a d * a n d f e r r ie s ................................. $ 3 1 ,8 9 3 ,4 3 7 3 0 $ 1 1 ,1 2 8 ,1 0 6 9 7
9 t e a m * h lp lllu * ....................................................
.................
2 ,2 9 3 ,8 6 6 61

$ 3 ,7 5 0 ,4 8 9 76

$-16,578,034 03
2 ,2 9 3 ,8 0 6 04

$ 0 2 2 ,3 3 4 71
9 2 .8 3 4 58

T o ta l 1 8 9 7 ............................................................. i * 3 1 ,6 9 3 ,4 3 7 3 0 $ 1 3 ,4 2 1 ,9 7 3 61
T o ta l 1 8 9 6 . . . ............................................... . . . .
3 2 ,5 0 3 ,9 4 6 39
1 3 ,3 4 7 ,4 9 9 97

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

$ 4 8 ,8 7 1 ,9 0 0 07
19,587,008 90

$ 7 1 5 ,1 6 9 29

D e c r e a s e ..................................................................

In crease ......................................................

P e r c e n t ................................................. ..............
Fesssengers.
N u m b e r th ro u g h a n d l o c a l ......................................
N u m b e r fe rr y s u b u r b a n ......................... .................
N u m b e r c a r r ie d o n e m ile, th r o u g h a n d lo c a l.
N n o d a ir c a r r ie d o n e lath- fe rr y s u b u r b a n . ,
A v e ra g e d is ta n c e c a r r ie d , th r o u g h a n d lo c a l.
A v e ra g e d ista n c e carried, ferry su b u rb a n ___
A v era g e receipt* per p a ssen g er m ile .................
C o m m e rc ia l F reig h t.
N u m b e r o f to n s c a r r ie d .....................
T o n s c a r rie d o n e m ile .........................
A v e r a g e len g th o f haul ____ ___
A v e ra g e re c e ip t* i**r to n p e r m ile

$ 8 7 2 ,9 0 9 0 9

................
208

$ 7 1 5 ,1 0 8 29

$ 7 4 ,4 7 3 04
■56

$ 8 2 ,8 0 6 1 h
2*20

1 ,0 1 9 ,9 1 7

6 7 5 ,1 1 0

1*44

5 .6 3 8 ,6 5 7
1 3 ,4 9 2 ,9 0 1 ,
3 5 9 ,3 1 0 ,6 1 1
125,890,5591
63*50 m iles:
9*33 miles';
1*929 c e tr *

7 8 ,7 2 1', 882
J
7 7 18 m iles

40*70 m ile s

2*295 c e n ts

2*399 o e n w

7 ,3 5 3 ,6 9 0
1 3 ,4 9 2 ,9 0 1
4 6 5 ,5 4 8 ,8 5 5
1 2 5 ,8 9 0 ,5 5 9
63*31 m ile s
9*33 m ile s
1*999 c en t*

5 .4 5 5 ,1 9 6
1,4 8 4 ,3 5 0 ,5 5 0 !
272*10 m ile s'
1*227 c e n ts!

2,733 ,9 1 4
9 1 0 ,4 0 7 .6 1 7
333*01 m ile*
•904 cent*

*1,116.159
1 0 8 ,8 4 8 ,6 9 8
178*16 m ile s
1 ,3 9 0 c e n ts

9 ,3 0 5 ,2 0 9
2 ,5 9 3 ,6 1 0 ,0 7 1
278*73 m ile s
1*126 c e n ts

2 7 ,5 1 0 ,3 3 2

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

2 1 ,T io ',8 4 i

19,017.218;
*70 m iles
*004 c e n ts
2 1 9 ,3 4 5
2 3 ,9 9 4 ,2 7 7
4*08 m ile s
*008 c e n ts

Pact H Sjfst'm. -The effect* of the general business depression were, manifested in the diminished travel and re d u c e d
z'

earning*.

Excluding ferry-suburban travel and earnings, through and local passengers carried decreased 336,182 passen-tig.-r miles decreased 20,784,!5tfe miles, or 5*47 per cent: and average length of haul 1*52 per
cent. Ear ninss decreased $48* r,08 33, or 4*43 per cent, and average receipts per passenger mile increased *02 of a cent, or
87 ner cent. There were carried during the year 13,492,001 ferry-suburban passengers—an increase of 223,555 passengers,
with ■
n earnings of $:>:!,:s:iv |s.
The decrease in freight earnings resulted entirely from th e decrease in average receipts per ton p e r mile. E x c lu d in g

the to n n ag e am i earning* from c o m p an y 's fre ig h t, w hich has decreased $78,988 89, th e n u m b e r of to n s of th ro u g h an d

THE CHRONICLE.

87 H

(V O L . I i X V .

local freig h t carried increased 73,436 tons, or 136 per c e n t ; in to n m iles in c re a se d 4,209,756 m iles, o r -28 p e r c e n t, w ith a
Blight decrease in th e averag e le n g th of h au l. E a rn in g s d ecreased $440,438 37, o r 2-36 p e r c e n t, a n d th e a v e ra g e re c e ip ts
per ton per m ile d e c re a s e d ‘033 c e n t, or 2'54 p er ce n t.
, ,
.
E arn in g s from express decreased $45,225 15Jand from sleeping c a rs $15,536 86, re s u ltin g m a in ly fro m th e g e n e ra l b u siIU *aJ l l P™ ic 'r " o v e r tie s .—'Through a n d local p assen g ers c a rrie d in c re a se d 90,745 p assen g ers, or 9-77 p e r c e n t ; p assen g er
m iles increased 2,196,490 m iles, o r 2-87 p e r c e n t ; an d th e a v erag e le n g th of h a u l d ecreased 6-28 p e r c e n t. E a rn in g s in ­
creased $61 069 78, or 3-50 per c e n t, a n d th e av erag e receip ts p e r p assen g er m ile in c re a se d -014 c e n ts, o r -61 p e r c e n t.
E x clu d in g th e to n n a g e a n d e a rn in g s from com p an y ’s fre ig h t, w h ic h decreased $80,831 25, th e n u m b e r of to n s of
th ro u g h an d local fre ig h t c a rrie d in creased 117,579 tons, or 4-49 p e r c e n t, to n m iles in c re a se d 9,177,917 m iles, o r 1'02 p e r
ce n t, but th e average le n g th of h a u l d ecreased 3-33 per cen t. E a rn in g s in c re a se d $236,431 91, o r 2-96 p e r c e n t, a n d th e
av erage receip ts p e r to n p er m ile in c re a se d -017 cen ts, or 1'92 p e r c e n t.
E arn in g s from express d ecreased $4,820 15, a n d from sleeping c a rs $14,882 69, p rin c ip a lly fro m th e "u n sa tisfa c to ry b u si­
ness conditions.
The steam sh ip e a rn in g s w ere a s fo llo w s:
Increase.

L a st T ea r .

T his Tear.
L in e s .

A m ount.

No. Trips.

126
26
53

$ 1 ,9 9 5 ,0 3 7 01
58,5 4 7 23
1 4 9 ,8 7 1 46

151
25
59

1

1 1 ,6 8 7 09
78,7 2 3 85

....

$ 2 ,2 9 3 ,8 6 6 64

24 5

$ 2 ,3 8 6 ,7 0 1 22

M isc e lla n e o u s.......................................................
T o ta l................................ ...............................

$ 2 ,0 9 5 ,0 8 5
5 5 ,3 7 5
2 0 8 ,2 1 8
*2,348

10

17
80
97
80

1

....

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

5 8 ,3 4 7 51

39

2 ,3 4 8 8 0
1 1 ,6 8 7 09
4 8 ,3 5 3 7 7

A m o u n t.
$ 1 0 0 ,0 4 8 1 6

6
10

$ 3 ,1 7 1 4 3

1

No. Trips.
25

3 0 ,3 7 0 08

206

No. Trips.

Decrease.

A m ount.

No. Trips.

A m ount.

$ 9 2 ,8 3 4 5 8

* D ebit.

P assenger e a rn in g s decreased $10,155 21; fre ig h t ea rn in g s d ecreased $131,033 14 ; a n d m iscellan eo u s e a rn in g s in c re a se d
$48,353 77. The N ic a ra g u a lin e w as n o t o p erated th is y ear.
H o u s to n <t T e x a s C e n tr a l L i n e s —T here was a decrease in th ro u g h a n d local passengers c a rr ie d 'o f 83,138 p assen g ers, o r
4 68 per c e n t ; in passenger m iles of 2,522,826 m iles, or 8-40 p e r c e n t ; in th e a v erag e le n g th of h a u l of 3-89 p e r c e n t, a n d
in earn in g s of $48,865 15, or 6-89 p e rc e n t. The decrease was p rin c ip a lly in th ro u g h tra v e l, w h ic h h a d d ecreased $30,272 79,or 15-48 p er cen t. 1 here w as a g a in o f 0-038 c en ts, o r 1-61 p er c e n t in th e a v erag e re c e ip ts p e r p assen g er p e r m ile.
T here w as a n increase in th e n u m b e r of tons of th ro u g h a n d lo cal fre ig h t c a rrie d o f 28,330 to n s, o r 2'60 p e r c e n t ; in
to n m iles of 10.606,604 m iles, or 5-63 p e r c e n t ; in th e average le n g th o f h a u l of 2-96 p e r c e n t ; a n d in e a rn in g s of $166,813 04,
or 6-42 per cen t. The averag e re c e ip ts p e r to n p er m ile in creased -036 c e n ts, or 3-07 p e r c e n t.
The d etails in resp ect to th ro u g h a n d local traffic a n d c h a ra c te r of to n n a g e c a rrie d a re sh o w n on ta b le s Nos. 16, 17a n d 18 in p am p h let report.
V III.—O PE R A T IN G E X P E N S E S FOB T H E TW E LV E M ONTHS E N D IN G J U N E 3 0 . 1897.

The o p eratin g expenses of th e railro a d s, ferries a n d steam sh ip s h av e b een as follow s :
Pacific
System.
M aintenance o f w ay and stru ctu res.
M aintenance of eq u ip m en t.................
C on d u ctin g tra n sp o r ta tio n .................
G eneral e x p e n se s.....................................

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

A tlantic
Proper lies.
63 $ 1 ,3 6 6 ,3 4 8
42 1 ,2 2 9 ,7 3 2
95 4 ,0 0 9 ,4 5 5
49
7 6 4 ,4 5 6
1 ,7 9 1 ,6 8 5

19
94
97
25
60

H ouston <
&
Texas Central
L in es.
$ 5 7 6 ,8 9 0
3 5 7 ,1 7 0
1 ,3 2 3 ,9 1 9
2 6 9 ,9 4 3

52
95
59
75

+ In creaB e.

Total.

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

P acific
System .
34
31
51
49
60

T otal 1 8 9 7 ............................................ $ 1 9 ,9 8 6 ,3 3 7 49 $ 9 ,1 6 1 ,6 7 8 95 $ 2 ,5 2 7 ,9 2 4 81 $ 3 1 ,6 7 5 ,9 4 1 25
P er c e n t........................................................
P ercen ta g e o f oper. e x p ., rail l i n e s ..

63-06

6009

67*30

—
—
—
1+

$ 6 7 0 ,9 1 3 59
2 5 ,6 0 1 9 9
4 5 0 ,8 6 8 86
3 1 ,2 4 4 49

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

—$ 1 ,1 1 6 ,1 3 9 95 +
—

—D e cr ea se.

H. < T. O.
&

A tla n tic
P ro p ertie s.

L in e s .

74
80
27
08
25

+ $ 6 ,6 5 3 68
+ 3 6 ,7 4 6 1 9
4 ,0 1 9 3 9
+ 1 9 ,8 5 2 4 5

$ 1 4 ,7 2 6 0 0 + $ 5 9 ,2 3 2 93

5-31^+

0-16 +

2 -40

62*88

The steam ships have been o p erated for 78-11 p er c e n t of th e ir gross e a rn in g s, a g a in s t 82'98 p e r c e n t in 1896.
A lth o u g h th e o p eratin g expenses w ere $1,042,181 02, or 3-18 p e r c e n t less th a n th e p rev io u s y e a r, th e r e is in c lu d e d in th e
y e a r’s expenses th e cost of re p la c in g 12 locom otives, 23 first class P u llm a n sleeping cars, 22 to u r is t c a rs, 1 b a g g a g e , m a il
a n d express car, 2 p assenger cars, 1 business c a r, 598 fre ig h t c a rs a n d 6 ro ad serv ice cars, a m o u n tin g to $607,618 43, a n d fo r
replacing floating eq u ip m e n t $22,217 31; also $165,448 26 for e q u ip p in g 7,283 fre ig h t c a rs w ith a u to m a tic couplers. L a rg e
e x p en d itu res w ere also m ade on th e S o u th ern Pacific R ailroad of A riz o n a in im p ro v in g its ro a d b e d a n d tr a c k , th e e x p e n se s
fo r m ain ten an ce of w ay a n d s tru c tu re s exceeding by $234,766 29 th e expenses fo r th e p rev io u s y ear.
The close a tte n tio n g iv en to c a r lo ad in g an d tra in loading en a b le d th e c o m p an y to m ove 219,345 m ore to n s, o r 2-41 p e r
c e n t over th e preceding y ea r, w ith a re d u c tio n in th e expenses fo r c o n d u c tin g tra n s p o rta tio n of $427,376 98.
IX .—G EN E R A L

R EM A R K S.

S um m arizing th e tra n sa c tio n s re fe rre d to in th e p reced in g divisions of th is re p o rt, th e re s u lts fo r th e y e a r e n d in g
J u n e 30th, 1897, have been as follows :
G ross tran sp o rta tio n ea rn in g s and o th er reoelp ts, e x o ep t from oapltal acoou n t an d from p roceed s fro sa le s
of land pledged for red em p tio n of bonds, 12 m onth s ending J u n e 3 0 t h ................................................
O perating e x p e n se s, in clu d in g c h a rg es for th e r ep la cem en t of eq u ip m en t, am o u n tin g to $ 6 1 9 ,2 9 6 0 1 , an d
$1 6 5 ,4 1 8 26 for a p p ly in g a u to m a tic co u p lers to 7 ,2 8 3 freight c a r s ................................................
$31 675 941 25
T a x e s and all fixed ch a rg es o f p ro p rieta ry co m p a n ies and under le a se s, in c lu d in g $ 4 9 0 ,2 4 5 0 0 c o n trib u tio n
to sin k in g fund and a d v a n c e s to O regon < C aliforn ia RR. Co..
fe
1 7 2 6 0 581 23
............................................ ...........------ ^
----------

$ 5 1 ,2 0 9 ,5 6 0 51

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

B a la n c e ................................................................ .......................................................................
E xp en d ed for b etter m o n ts and ad d ition s, o f w h ich $ 1 3 3 ,4 7 1 09 w a s su b se q u e n tly ch arged to profit and lo ss
and $ 7 8 9 ,3 2 7 38 to c a p ita l a c c o u n t o f th e p ro p rieta ry and lea sed lin e s
. ..

$ 2 ,2 7 3 ,0 3 8 0 3

B a la n ce after p a y m e n t o f a ll fixed ch a rg es and b etter m en ts......... ...................................................... ; ...................................

$1 3 5 0 ,2 3 9 5

9 2 2 ,7 9 8 4 7

Those com panies began to equip th e ir locom otives an d fre ig h t c ars w ith a u to m a tic a ir b ra k e s a n u m b e r of y e a rs ag o ,
and th e eq u ip m en t w ith a ir brak es, as re q u ired b y th e A ct of C ongress, h a s b een n e a rlv co m p leted . A u to m a tic co u p lers
have been applied to very m u ch m ore th a n one-half of th e fre ig h t c a rs of th e com pany,"as re q u ire d b y th is A ct.
The e x p en d itu res on c a p ita l a c c o u n t from D ecem ber 31st, 1895, to J u n e 30th, 1897 (e ig h te e n m o n th s), h a v e b e e n
as follows:
F or 57-89 m ile s of n ew lin e s (this in olu des th e v ery h e a v y work through th e C oast R a n ge m o u n ta in s b etw een
Fanttt M argurita and E lw o o d )..............................................................
For other pro p erty acquired and ex p en d itu re s for a cco u n t of c* st o f r o a d ’an d fra n c h ise ..................... ........................
For betterm ent* and a d d ition s to com p leted lin e , in clu d in g 5*542 m ile s se co n d traok, 58*92 m ile s of'sid in gs,
and tw e n ty -six 2 0 x 2 6 10 -w h eel p a ssen g er lo co m o tiv es and three b a r g e s.................................................................. . .
Less proceeds from prop erty Bold, e x p e n d itu re s for b etter m en ts charged to profit an d lo ss, an d ex p e n d itu r e s
•b arged to ca p ita l a cco u n t in form er y ea rs ch arged off d uring th e yea r....................................................

$ 3 ,7 7 9 ,8 2 7 50
3 1 3 ,2 0 3 78
1 ,4 4 1 ,4 3 2 52
$ 5 ,5 3 4 ,4 6 3 8 0
9 5 9 ,1 4 2 99

For oapltal sto ck acquired in p ro p rieta ry c o m p a n ie s..................................

$ 4 ,5 7 5 ,3 2 0 81
3 ,0 2 1 ,1 1 4 2 3

T otal e x p e n d itu re s on c a p ita l a c c o u n t...............................................
P rovided for o u t o f new ca p ita l issu ed (face v a lu e)................
'"..."...".".".".'..I*.*..!

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

L e a v in g to b e provided out o f n e t ea rn in g s and other so u rc es...................

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

T here w as re tire d from o u ts ta n d in g c a p ita l d u rin g th is period:'
B on d s nnd other fixed Interest-h earin g d e b t.......................
C apital sto c k ............................ ....................................................................... ..................................
T otal

$ 3 4 7 ,5 8 3 36
4 0 3 ,9 5 2 75
$ 7 5 1 ,5 3 6 11

N gyestbkb 6, 1897, J

THE CHBONIOLE.

877

The unexpended balance of the renewal fund for locomotives, cars, floating equipment and structures to June 30th
amounted to $430,925 78.
The profit and loss account shows a net gain from January 1st, 1896, to June 30th, 1897, of $3,891,479.71 after adjust­
ment of all charges.
The tonnage moved over all the lines averaged 351,836 ton miles per mile of road operated for the year 1897 and 349,398
ton miles for the year 1896. The average receipts {ter ton per mile decreased from 1-188 cents in 1896 to 1T38 cents in 1897.
The requirements for betterments and additions for next year will probably not exceed one million dollars and will be
mainly for ballasting, additional sidings, enlargement of terminal facilities and other improvements to provide for-ad­
ditional business.
The policy of the company of liberally bettering and adding to these properties, kept steadily in view since 1890, has
been most satisfactory in its results. It lias enabled the company to materially reduce the expenses for maintenance and
operation during the exceptional business depression of the last four years and leave the properties at the close of this year
in a better physical con lition and in a higher state of efficiency than at the close of any previous period. From the state­
ment in respect to the physical condition of roadbed, track and bridges, as shown on table No. 24 [pamphlet] in the Con­
troller's report , it will be seen that of the ties in track 4,634,242, or about 18 p. c., are burnettized or creosoted, and 16,363,050 or 64 p. c. arc of redwood, cypress, cedar and bote Fare, which do not readily decay and whose service is prolonged by
the use of tie plates; leaving but 4,563.078 or about 18 per cent of untreated ties in track to be replaced bv burnettized or
redwood ties as renewals become necessary. The number of crossties burnettized at the four wood-preserving plants of
these properties average about one million ties per annum. The number of tie-plates now in use equals'those required for
961-40 miles of continuously tie-plated track and a large number of plates have been ordered for the ensuing year. About
20 per cent of the timber trestles have already been renewed with creosoted lumber and there is creosoted annually at the
.
. .
ur bundre
nd lineal feet of piling and about six million feet B. M.
of other lumber to be used in making renewals of trestles, docks and wharves, as repairs become necessary.
The indications of returning confidence and business activity which began to manifest themselves daring the last
sixty days of the year just ended have been confirmed by the reports from all sections of the country of a steady and con­
servative progress of industrial operations. The improvement in the general business situation has already been reflected
in a gratifying improvement in the com panyearnings since the close of the year, and all indications point to the move­
ment of a large tonnage in both directions over its lines.
,
A comparative statement of the company's earnings for the past five years (as of June 30th), referred to in the earlier
part of this report, shows that the gro-s earnings for the year ending June 30,1897, were $5,434,833 84 less than for the
year ending June 39, 183d—a reduction of l0-i)9 j>*r <>*at. The large loss in earnings between these two periods, experi­
ence 1 by all railroads of this country to a gre iter or less amount, but resulting, in respect to many of these railroads,
from a large shrinkage of tonnage during a period of business depressi in as well as from a decline in rates, has, so far as
freight transportation on these properties is concerned, resulted entirely from the decrease in rates of transportation, the
compiuv -, t .imago in the y-ar just- ended exceeding that of any previous year. Tim average freight rate received in 1893
was
cents p.»r ton mile, against 1-126 cents in 1897— decrease of
a
r 23*18 per oent, whereas the density of
tonnage, I, e„ the ton miles per mile of road operated in 1397, were 351,836 tons miles against 293,923 ton miles in 1893—an
increase of 17*31 per cent. The average passenger rate received in 1893 was 2-493 cents per passenger mile, against 3-323
cents in 1837—a decrease of 170 cents or 6 82 per cent, but the density of travel decreased from 71,650 passenger miles per
Bile of road operated in 1893, to 63,290 passenger miles in 1897—a decrease of 11*53 per cent.
Dealing with the effects of these reductions on the earnings of the several properties, if the company had received in
1897 the rates it received in 1398, the earning- on the Pacific System would have been greater by $8,067,344 72, on the
Atlantic Properties by $2,139,515*03 and on the Houston A Texas Central lines by $125,878 72, a total of $10,633,239 47.
From the above statement it is evident that rates should be increased, or else tonnage will hive to be much greater
than it ha* been, in order to maintain the railroads in their present efficiency arid leave a fair return to those who have
invested their money in creating these properties. The shareholders of the Southern Pacific Company have never received
a dividend since the organization of tie- company, but have on the contrary advanced many millions to place these prop­
erties in their present high state of efficiency for the public service. 1 do not therefore .believe that the public, when it
understands these questions, desires to have the railroads operated at prices which cannot leave a fair return to those who
hare spent their time and money in building them.
As referred to in the report for the year ending December 31, 1890, there is a growing disposition to treat railroad
profiertie* with greater fairness than in the’past. An instance of this kind is the action of the North Carolina Railroad
Corn mi-s ion, which r-- - ‘fitly r>»fus *d to f,trth*>r reduce freight and passenger rates. In the year 1891, when this commis­
sion was created, the average of receipts per passenger mile was 2-83 cents, and the average freight rate per ton mile was
1*66 cento. Now the average passenger rate is 3*21 cents and the average freight rate 1*39 cents. After referring to the
number of employees, wag„s paid annually, etc., the commissioners conclude their report as follows: “ From the abovei fa-ts and others at the disposal of the commission, we see no good reason for changing the views expressed in
our last communication to the Governor, and we now reiterate that the present rates are just, and reasonable, and as low
as in other States of like population |»-r square mile, if not lower; and we decline to make any material changes at pres­
ent." These indications of greater fairness and sense of justice towards the railroads are an encouraging feature in the
railroad situation, and show a gratifying improvement in the state of public mind towards railroads over that condition
referred to in the annual report for the year 1895, which had swept over certain sections of this country in the nature of
an epidemic, leaving in its wake much financial and moral harm. While the company had to depend in the past mainly
upon the judicial arm of the Government for the preservation of the rights of these "properties in most of the States in
which these properties lie. it is encouraging to note that the people are growing more conservative and learning to appre ciate the necessity of treating railroad investments as they do other property—neither better nor worse. The necessities
and requirements of a railroad's existence are better understood than ever before, and the inter-dependence of State and
railroad in those matters which directly concern the progress and prosperity of each is being more and more clearly
recognized. Jt is hoped that, in future. States will be more careful of investments in corporate property within their
jurisdiction, particularly of those investments which bear so important, a relation to the increase of their population and
the development of their dormant resources as their railroads, for there are plain and substantial reasons why that special
class of property does more to enrich a State and advance the interests of her citizens along the line it traverses than any
other agency. Although the railroad interest!* have been greatly harmed by the combination of demagogy, agrarianism
and other destructive elements, the harm done by them does not, in my opinion, begin to reach the aggregate of damage
and injury which ha* been arid is caused by the unfortunate policy of the owners of the railroads themselves, or perhaps
to state it. more correctly, of those who operate and manage the properties for them and interpret - or misinterpret—the
policy of the own era.
The lease made with the California Pacific Railroad Co. in 1396 provided that revision might be made at the request of
either party at the expiration of each period of five years. The annual rental of $800,000. which was fixed at a period
when rates were much higher t han they have been since, caused a large loss to the Southern Pacific Company, and before
the first r>wi ld of five years had passed the Southern Pacific Company asked a reduction of the rental. The request was
entertained but action deferred in consequence of the death of Major R. P. Hammond, then President of the California
Pacific Railroad Co. The modification was subsequently deferred until the termination of the second period. November 1,
1896 dt being understood that the excessive payments made by the lessee during the second period should be taken into
account when that period closedi, and then the lease was modified by fixing the rental at eighty per cent of the earnings
remaining after the pavnvnt by the leasee of operating expenses, taxes and rentals, with a guaranty on the part of the
Southern Pacific <
'o.npany that the eighty per cent of earnings over operating expenses, taxes and rentals should, after
tic- payment of betterments and additions, in no case fall below an amount sufficient to pay the interest on all outstanding
bonded indebtedness, sinking-fund requirements and expenses of maintaining corporate organization.
The company has to record the loss since the close of the year of one of its most valued associates and officers, the late
Vice-President., Mr. Charles F. Crocker, whose life has been practically spent in the service of these interests. Mr. Crocker
died after a brief illness on the seventeenth day of July, 1897, and the Board submits with this report a copy of the reso­
lutions adopted by it on the 22d of that month.
The Board desires to acknowledge its ap reoiation of the loyalty and devotion which its officers »nd_ employes—from
the highest to the lowest—
-have manifested in the discharge of their respective duties, and it fully recognizes the fact that
their fidelity and persona! pride in the efficiency of these properties have contributed very much towards bringing them
up to their present nigh standard.
Respectfully,
C P. HUNTINGTON.
P re sid e n t,

68
7

T
___________H _E

[VOL. LXY,

C H R O N !O L E .

Although your Board is unable to report any definite action

C E N T R A L PACIFIC R A ILROAD COMPANY, with regard to an adjustment with the Government of the
A 'lSTR iC r OF REPORT FOR YEAR ENDING J O m
30, 1897.
TK -A X Sl-O K TA H O .V E A R N IN G S .
1897.
Y ea rs e n d in g J u n e 3 0 —
M ile s, 1,359-22
P a s veneer
........................................ $ 4 ,7 6 0 ,8 3 6 7 6
F r e M it
.................................................. 7 ,4 3 2 ,1 3 9 42
M is c e lla n e o u s ............................................
4 5 0 ,7 3 4 9 4
T o ta l e a r n in g s ....................................$ 1 2 ,6 3 9 ,7 1 1 1 2
O P E R A T IN G E X P E N S E S .
T ea r* e n d in g J u n e 3 0 18 9 7 .
1896,
M ain , of w a y a n d s t r u m . $ 1 .4 0 1 ,1 2 8 21 $ 1 ,6 4 8 ,8 5 1
M ain, o l e q u ip m e n t......... 1 ,3 7 5 ,8 6 2 1 6
1 ,3 3 8 ,3 0 7
C o n d u c tin g t r a n s p o r t’ll. 8 ,9 7 9 .4 4 9 2 2
4 ,1 3 1 ,* 4 4
8 8 9 ,4 6 5 49
8 9 6 ,9 5 8
G e n e r a l e x p e n s e s .............
T o ta l o p e r. e x p e n s e s ,$ 7 ,8 4 8 ,8 9 9 08

1898.
M ilrS, 1,3 5 9 -22
$ 4 ,8 8 1 ,7 7 6 93
7 ,3 7 5 ,5 4 1 4 2
4 4 0 ,7 9 6 12
$ 1 2 ,6 9 8 ,1 1 4 4 7

07
55
72
41

In c. o r DecD $ 2 4 4 ,7 2 2 8 6
7.
3 7 ,5 5 4 61
IX 1 5 2 ,4 0 1 oO
7>.
7 ,4 9 2 9 2

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

P e r c e n t o f o p e r a tin g e x _ „
p e a s e s to e a r n in g s ........
02-52
63-13
I). 2 '8 1
E a r n in g s o v e r op. e x ........$ 4 ,9 9 0 ,8 1 2
$ 4 ,6 8 2 ,1 5 2
.........................
A SS E T S A N D L I A B I L IT IE S ,
T h e a s s e ts a n d lia b iliti e s o f t h e c o m p a n y a r e s h o w n in d e ­
ta il in ta b le A in th e re p o r t o f th e S e c re ta ry a n d A u d ito r,
L a n d g r a n t b o n d s o f 18 7 0 , a m o u n t i n g t o t h e s u m o f
8 8 9 ,0 0 0 w e r e r e d e e m e d d u r i n g t h e s i x m o n t h s e n d i n g J u n e
8 0 , 18 9 7 . T h e s u m o f $ 1 ,0 0 0 o n a c c o u n t o f t h e c o m p a n y ’s
f i r s t m o r t g a g e b o n d s , s e r i e s E , m a t u r i n g J a n u a r y 1, 1 8 9 7 ,
w a s re d e e m e d o n a b o n d o f in d e m n ity ,
U N IT E D ST A T E S G O V E R N M E N T ACCOUNT.
T h e a llo tm e n ts o f th e v a rio u s a m o u n ts w ith h e ld b y th e
'G o v e r n m e n t o n a c c o u n t o f t r a n s p o r t a t i o n s e r v i c e s r e n d e r e d
a n d c a s h p a y m e n ts m a d e b y th e c o m p a n y , a ris in g fro m th e
is s u e o f b o n d s in a id o f t h e c o n s t r u c t i o n o f th e r a ilr o a d , a s
s h o w n b y t h e P u b l i c D e b t S t a t e m e n t o f J u n e 30, 1897, a r e a s
fo llo w s :
S in k i n g f u n d in t h e u n it e d s t a t e s ' t r e a s u r y :

B y tr a n s p o r ta tio n s e r v ic e ..................................... $ 5 ,0 2 7 ,8 4 8 71
B y c a s h p a y m e n t s ....................................................
6 3 3 ,9 9 2 48
---------------------- $ 5 ,6 6 1 ,8 4 1 19
I n te r e s t am i p re m iu m s r e c e i v e d ........................ $3,0*27,358 36
L e s s p re m iu m s p a id ..........; .................................... 1 ,3 4 4 ,2 3 0 98
-------- ----------- - 1 ,6 8 3 ,1 2 7 38

claims growing out of the issue of bonds advanced in aid
of the construction of the road, it is believed that an ar­
rangement upon an equitable basis will be made in the near
future.
As the principal of the entire issue of the company’s first
mortgage bonds issued under mortgages of July 25,1865, and
January 1. 1867, consisting of Series A to Series I, inclusive,
amounting in the aggregate to $25,888,000, became payable
on January 1, 1898, it became desirable to extend the pay­
ment of the principal of these bonds, but meanwhile to pay
interest on said principal at a rate lower than the rate of 6
per cent per annum. Arrangements to that effect have been
made since the close of the year, and the payment of the
principal of said bonds has been extended to the following
dates, with interest at the rate of 5 per cent per annum from
January 1, 1898, subject to the provision of the respective
mortgages and sinking funds provided for thereunder :

S eries A ..
“ B . ...
“
a . ...
“ D .. . . .
“ E ,. . . .
“
F .. . . .
“ G,. . . .
“ H .. . . .
“
I,. . . .

T o'al.
$
2 ,9 9 5 ,0 0 0
1 ,0 0 0 ,0 0 0
1 ,0 0 0 ,0 0 0
1 ,3 8 3 ,0 0 0
3 ,9 9 7 ,0 0 0
3 ,9 9 9 ,0 0 0
3 ,999,000
3 , 999,000
3 ,5 1 1 ,0 0 0
2 5 ,8 8 3 ,0 0 0

B y tr a n s p o r ta tio n s e rv ic e ..................................... $ 7 ,9 7 7 ,5 3 5 66
B y c a s h f o r liv e p e r c e n t o f n e t e a r n in g s .
6 5 8 ,2 8 3 26
— ---------------8 ,6 35,818 92
T o ta l to c r e d it o f c o m p a n y D e c e m b e r 3 1 , 1 8 9 6 .........$ 1 5 ,9 8 0 ,7 8 7 4 9
T h e S e c re ta ry o f th e T re a s u ry a t v a rio u s tim e s m a d e in ­
v e s tm e n ts o f th e s in k in g fu n d p ro v id e d b y th e A c t o f M ay
7 , 1878, i n U n i t e d S t a t e s b o n d s a n d t h e f i r s t m o r t g a g e b o n d s
o f t h e r e s p e c t i v e c o m p a n i e s , w h o s e l i e n is p r i o r t o t h a t o f
t h e U n ite d S ta te s . T h e to t a l p r e m iu m p a id o n th e s e in v e s t­
m e n ts , a s s h o w n b y th e fo re g o in g s ta te m e n t, a m o u n ts to th e
s u m o f $ 1 ,3 4 4 ,2 3 0 6 8 . A s n e a r l y a l l o f t h e s e b o n d s h a v e b e e n
c o n v e rte d in to c a s h , a n d a s th e p re m iu m s re c e iv e d th e re o n
i n r e t u r n a m o u n t s t o t h e s u m o f $ 2 8 1 ,0 4 7 9 1 , t h i s r e p r e s e n t s
a n e t lo s s t o t h e c o m p a n y o f $ 1 ,1 1 3 ,1 8 3 0 7 . S i n c e t h e c r e a ­
t i o n o f t h e f u n d , f r o m J u l y 1, 1 8 7 8 , t o J u n e 30, 1897, t h e
c o m p a n y h a s re c e iv e d in i n te r e s t o n th e s e v a rio u s in v e s t­
m e n t s t h e s u m o f $ 2 ,7 9 6 ,3 1 0 45.
T h e fo llo w in g s t a t e m e n t s h o w s t h e c h a r a c te r a n d a m o u n t
o f th e p re s e n t in v e s tm e n ts of th e s in k in g fu n d :
D e p o sits b y th e c o m p a n y ............................................................ $5,6 6 1 8 4 1 1 9
I n t e r e s t a n d p re m iu m r e c e i v e d ...................$ 3 ,0 2 7 ,3 5 8 36
L e s s p re m iu m p a id ............................ ................ 1 ,3 4 4 ,2 3 0 98
--------- — ■----- 1 ,6 3 3 ,1 2 7 38
T o ta l in f u n d ...............................................................................

$ 7 ,3 4 4 ,9 68 57

E x te n d e d
to J u n e 1,
19 0 1 .
$

E x te n d e d
to J u n e 1,
1900.
$

1 ,0 0 0 ,0 0 0
1 ,0 0 0 ,0 0 0
1 ,3 8 3 ,0 0 0
—
—,
—
— '
<

LsS
—■
—
—

3 ,3 8 3 ,0 0 0

2 , 9 9 5,00 0

3 , 9 9 7,0 0 0

—■
>

3 , 999,000

r— '
-

3 ,9 9 9 ,0 0 0
3 ,9 9 9 .0 0 0
3 ,5 1 1 ,0 0 0

3 ,9 9 7 ,0 0 0

1 5 ,5 0 8 ,0 0 0

The company also has the option to extend the $2,735,000
Western Pacino first mortgage bonds maturing July 1,
1899, until June 1, 1901, upon similar terms and rate of
interest.
Respectfully submitted,
ISAAC L. REQUA,
President.

G E N E R A L B A L A N C E S H E E T , J U N E 3 0 ,1 8 9 7 .

A SSE T S,

T o ta l in s in k in g f u n d ,................................................. - ____ $7 ,3 4 4 ,9 6 8 57
I n t e r e s t r e p a id b y c o m pa n y ;

E x te n d e d
to D ec. 1,
1899.
$

E x te n d e d
to Dec. 1,
1898.
$
2 ,9 9 5 ,0 0 0

J u n e 30 ,
1897.
C o st o f r o a d a n d f r a n c h is e s .................. $ 1 6 9 ,6 4 9 ,3 6 6 9 9
N ew e q u i p m e n t .........................................
1 ,8 9 1 ,8 4 7 3 8
T o t a l ...................

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

D ecem ber 31,
1896.
$ 1 6 9 ,5 2 9 ,6 0 7 23
1 ,8 9 1 ,8 4 7 38
$ 1 7 1 ,4 2 1 ,4 5 4 61

S in k in g F u n d s :

S in k in g fu n d s , a s p e r ta b le D in
p a m p h le t r e p i r t .................................... $ 1 0 ,9 5 3 ,4 8 3
S in k in g fu n d s , a s p e r ta b le E i n
p a m p h le t r e p o r t ....................................
1 2 8 ,4 1 5
S in k in g fu n d s , a s p e r t a b l e F in
6 1 ,7 0 8
p a m p h le t r e p o r t ....................................
T r u s t f u n d , a s p e r ta b le G inp a m p h le t r e p o r t .....................................
1 ,8 1 2 ,9 9 2
U n ite d S ta te s G o v e rn m e n t, a s p e r
ta b le J in p a m p h le t r e p o r t ............ 1 5 ,8 8 8 ,7 4 4

33

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

92
49
99

1 7 ,7 6 ,4 2 5 65

74

1 5 ,5 6 4 ,2 2 3 21

T o t a l . ..................................................... $ 2 8 ,8 4 5 ,3 4 5 4 7

$ 2 8 ,0 6 3 ,9 6 1 60

C u rrent A ssets:

C a sh o n h a n d ................. .........................
B ills r e c e i v a b l e ..................... ..................
E a r n in g s u n c o lle c te d b y le s s e e ..........
C o u p o n s d u e J u l y 1 s t ........ ..................
O g d e n U n io n R a ilw a y & D e p o t Oo.
f i r s t m o rtg a g e 5 -p e r-c e n t b o n d s ;
fa c e v a lu e , $ 1 6 3 .0 0 0 ................... .
F r a c tio n a l U n ite d S ta te s 6 -p e r e e n t
b o n d ..........................................................
S o u th e rn P a c ific C o m p a n y ! ______ _
M a te ria l fo r s h o p s ....................................
O il a n d w a s te ..............................................
C o a l ........ ...................... ..........................
W o o l...............................................................
M a te ria l f o r r o a d w a y .............................
S le e p in g e a r l in e n .....................................

$ 2 6 3 ,2 2 1 3 5
2,7 4 3 0 0
3 4 0 ,8 2 7 23
1 6 4 ,2 5 5 0 0

$ 1 6 ,0 3 5 58
2,6 )9 0 0
3 7 9 ,1 1 0 2 7
lo 6 ,4 1 5 0 0

1 6 3 ,0 0 0 0 0

1 6 3 ,0 0 0 00

120 00
8 8 4 ,7 0 1 9 7
5 0 2 ,0 8 3 9 3
..............
..............
8 0 ,4 6 6 67
8 6 ,9 2 2 4 3
1 4 ,9 6 6 0 3

1 2 0 00
2 5 7 ,3 3 1 2 2
78 2 ,9 L3 62
1 3 ,5 6 3 4 6
1 4 7 ,2 9 6 99
1 4 6 ,4 1 9 63
1 8 5 ,7 8 8 37
1 4 ,9 6 6 0 3

I n v e s te d b y th e S e o r e ta r y o f t h e T re a s u ry :
U n ite d S tates. 5 -p e r-c e n t b o n d s o f 1894. $ 1 2 5 ,0 0 0 00
C e n tra l B ra n c h U n io n P a o ilic H E . b o n d s
1 6 3 ,0 0 0 00
S io u x C ity & P a c ific R a ilw a y b o n d s ___
3 2 ,0 0 0 00
W e ste rn Pacific R a ilro a d b o n d s ...............
1 1 7 ,0 0 0 00
_ .
. .
---------------------$ 1 3 7 ,0 0 0 0 0
T o ta l......................................
$ 2 ,5 0 3 ,3 0 7 61
$ 2 ,2 7 5 ,6 7 9 17
C ash u n in v e s t e d ..........................................................................
6 ,9 0 7 ,9 6 8 57
D efe
T o ta l in f u n d .............................................................
$ 7,344,968 57 r r e d a s s e t s :
D u e f r o tn U u ite d S ta te s G o v e rn m e n t
fo r tr a n s p o r ta tio n o n n o n -a id e d
P u r s u a n t t o a n A c t o f C o n g r e s s a p p r o v e d J u n e 19, 1878
a n d le a s e d r o a d s , o v e r a ll r e q u ir e ­
(2 0 S t a t , . 1 6 9 ), t h e U n i t e d S t a t e s C o m m i s s i o n e r o f R a i l r o a d s
m e n ts .......................................................... $ 1 ,0 6 8 ,1 6 1 6 7
$ 1 ,0 6 8 ,1 6 1 6 7
h a s m a d e a n a n n u a l e x a m i n a t i o n o f t h e a c c o u n t s o f t h e L a n d c o n t r a c t s ..........................................
8 1 9 ,0 3 2 7 6
8 5 3 ,0 6 3 7 0
B ills r e c e i v a b le .......... ............................
9 5 ,2 4 8 0 0
9 9 .3 4 1 7 5
c o m p a n y a n d d e te rm in e d th e a m o u n ts c u r r e n tly d u e th e
O g d e n U n io n R a il w a y & D e p o t O o..
7 2 .9 0 5 7 0
7 2 ,9 0 5 7 0
U n i t e d S t a t e s u n d e r t h e p r o v i s i o n s o f t h e A c t s o f 1868, 1864"
C a p ita l s to c k , C o lfa x & F o r e s t H ill
a n d t h e T h u r m a n A c t o f 1878, a n d p a y m e n t s h a v e b e e n a n ­
C o m m e rc ia l Co.-, fa c e value*. $23,n u a lly m a d e o r p ro v id e d b y t h e c o m p a n y fo r th e a m o u n ts so
0 0 0 ................................
2 ,3 3 0 0 0
2 ,3 3 0 0 0
d e t e r m i n e d . A s u m m a r y o f t h e s e a c c o u n t s i s s h o w n i n t h e F o u r h u n d r e d a c r e s o f la n d i n Coos
C o., O r .....................................................
1 8 ,7 3 3 9 3
1 8 .7 3 3 93
fo llo w in g s t a t e m e n t :
C a p ita l s to c k i n r i v e r tr a n s p o r t a ­
T eam s e n d in g D e o b j u s e i 31.
1896.
189 5
tio n lin e s ; fa c e v a lu e , $ 1 6 0 ,0 0 0 ...
8 0 ,0 0 0 0 0
8 0 ,0 0 0 0 0
A n n u a l re q u ire m e n t u n d e r th e T h u rm a * A c t .. .
.........................................
$ 6 4 4 ,5 7 3 8 3
$ 6 4 8 ,3 9 0 03
T o t a l .......................................................
$ 2 ,1 5 6 ,4 1 2 0 6
$ 2 ,1 9 4 ,5 3 6 7 5
A p p lic a b le a s fo llo w s:
C o n t in g e n t A s s e t s :
T o U n ite d S ta te s b o n d s a n d in te r e s t
3 5 0 ,1 7 3 58
35 3 9 5111
$ 1 6 0 ,8 3 4 3 6
$ 1 4 5 ,1 6 5 3 4
T o s in k in g fu n d in U n ite d S ta te s
. a i 1 1 U n a d ju s te d a c c o u n ts ..............................
C a p iia l s to c k , C o o s B a y O re g o n C oal
T r e a s u r y ........................................................
2 9 4 ,4 0 0 25
2 9 5 ,1 3 3 92
Co.; fa c e v a lu e , $ 3 ,4 4 9 ,5 0 0 .............
3 ,4 4 9 5 0
3 ,4 4 9 50
168 0 0
168 0 0
P a y m e n ts t o th e U n ite d S ta te s G ovr
— - O th e r s to c k s ................................................
e m in e n t to D e c e m b e r 3 1 s t, a s p e r
T o t a l........................................................
$ 1 6 4 ,4 5 1 8 6
$ 1 4 S ,7 8 2 8 4
s e ttle m e n ts w ith U n ite d S ta te s
C o m m is sio n e r o f R a ilro a d s:
F o r U n it.-d S ta te s b o n d s a n d I n te r e s t $ 9 ,7 3 9 ,4 6 3 4 0
$ 9 389 292 82
$ 2 0 5 ,2 1 0 ,7 3 1 37 $ 2 0 4 ,1 0 4 .4 1 4 97
F o r s in k in g fu n d iu U n ite d S ta te s
’
'
T r e a s u r y ................................................-

5 ,8 2 4 ,7 5 6 81

T o th h .....................................................$ 1 5 ,5 6 4 ,223~21

5 ,5 3 0 ,3 5 6 56

t O f this amount $ 8 5 0 ,0 0 0 is applicable to the payment of the e x ­
pense of extending at 5 per cent interest the $ 2 5 ,8 8 3 ,0 0 0 of the c o m ­
pany’s first mortgage bonds which mature January 1 ,1 8 9 8 .

! H K (HKdM Cl.K.

N ovember 6, 1897,
L IA B IL IT IE S .
J u n e 30,
C a p ita l sto c k :
1897.
A u th o riz e d is su e ..........$ 6 8 ,0 0 0 ,0 0 0
L o ss a m o u n t h e ld in
c o m p a n y 's t r e a s u r y
7 2 4 ,5 0 0
--------------------- $ 6 7 ,2 7 5 ,5 0 0 0 0
F u n d e d d e n t, a s p e r ta b le B to
p a m p h le t r c o o r t ................. ................. 5 9 .7 7 5 ,0 0 0 0 0
U n ite d S ta te s "b o n d s...............................
2 7 ,8 5 5 ,6 8 0 0 0
T o t a l ..................................................... $ 1 5 4 ,9 0 6 ,1 8 0
C o r k e m i.i.u m .m e s :
B ills p a y a b le , tr u s te e s la o d -g ra n t
m o rtK a ite .................................................
$-100,000
A c c o u n ts p a y a b le ...................
3 6 7 ,8 3 7
3 2 ,1 7 0
U n c la im e d c o u p o n s ................................
C n o la lia e il d iv id e n d s ....... .....................
3 2 ,1 0 8
I n t e r e s t o n b o n d s a c c ru e d to d a t e . .
2 7 5 ,5 6 5
T a x e s a ss e ss e d , b u t n o t d u e ................
8 5 ,0 0 0
C o m p a n y s in k in g l a n d s '.......................
9 5 6 ,3 3 1
T o t a l .......................................................
C O M IN G * M

COM M ERCIAL

D e ce m b e r H I,

1396.

00

15

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

00
00
00
24

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

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

00
24
00
IX!
50
41
24

$ 1 ,7 1 1 ,0 2 1 4 2

L IA B IL IT IE S :

R e n e w a l fu n d to r lo co m o tiv e* a n d
c a r s ..........................
$ 3 9 8 ,4 7 9 27
L a n d g r a n t a c c o u n t, ta b le H , In
p a m p h le t r e p o r t ....................................
1 ,4 8 2 ,7 3 3 3 6
T o t a l........ .............................
$ 1 ,8 3 1 ,2 1 2 63
B a l a n c e c o s s r * n .s o o r :
F r o m a n d L o ss, ta b le C, In p n c p t l e t
$ 1 ,7 5 1 ,1 0 3 1 )7
re p o r t ...........................................
T r u s t fu n d to r r e d e m p tio n o f ’a n d
g r a n t b o n d s, ta b le G , to p a m p h le t
r e p o r t ............................................
1 .8 1 2 ,0 9 2 9 9
L a n d -g ra n t b o n d -o f 1 8 7 0 c a u e e b d
7 ,6 0 1 ,0 0 0 0 0
U se d f o r s in k in g fu n d * o f t h e c o m ­
p a n y , ta b le t in p a m p h le t r e p o r t..
1 9 ,2 2 0 ,4 2 8 5 5
U se d to r U. 9 . re q u ire m e n t* , ta b le J
In p a m p h le t r e p o r t ..........
1 5 ,8 3 8 ,7 4 4 74
T o t a l . . ........................................ $ 1 6 ,2 7 4 ,2 6 9 3 5
$ 2 0 5 ,2 1 0 ,7 3 1 37

$ 2 8 1 ,2 4 3 02
1 ,5 4 6 ,6 4 5 71
8 1 ,3 2 7 ,3 3 3 73
$ 1 ,9 1 6 ,5 4 2 41
1 ,7 7 6 ,4 2 5 65
7 ,3 1 2 .0 0 0 0 0
1 8 ,8 0 0 ,1 3 3 53
1 5 ,5 6 4 ,2 2 3 21
$ 2 0 4 ,1 0 4 ,4 1 4 97

• r n i n v r - e c l a t th e d o n e of th e y e a r. $671 7 6 2 4 . C ou p on s due
J u ly 1, 1897, $164,235. S ix m o n th * ' p r o p o r tio n o f a n n u a l s to k in g
f
'
fu n d paym ent*, $117,500.

St. Louis A San Francisco RR.—Atlantic A Pacific HR.
Central III vision—Kansas City Osceola A Southern HR.—
Order d Hold. Judge Thomas has issued an order at Vinita,
Indian Teriitory, appointing R. L. McClure, of Fort Smith,
special master to sell the Central Division of the Atlantic &
Pacific under foreclosure of the first mortgage for £2,794,000.
This sale is in accordance with the plan by which the St.
Louis & San Francisco is to pm chase the line (heretofore
operated by it) free of all incumbrance*, paying therefor f 100,000 in cash and $i fe>0,000 in da new first mortgage 5s to bo
issued on the 112 rnile» thus acquired.
Agreement with Kansas City Orenyta <- Smtthet n /iff.—
{
The
Kansas City CteceoL & Southern RR., extending from Kan­
sas City to Osceola, 112 miles (four miles into Kansas City
being trackage right over Kansas City Suburban Bell), is to
he extended from Osceola to Bolivar, 40 miles, where it will
connect with the St Louis & San Francisco and give that
system a Kansas City connection. A long-time traffic agree­
ment is to be made with the 'Frisco.—V. 05, p. 150, 779.
Southwestern Arkansas & In d ia n Territory Ry.—Mort­
gage Annulled. - At Little Rock, Ark.. Oct. 22, a decree was
entered in the United State* Circuit Court in the case of Re­
ceiver J, A. Woodson vs. the Farmers’ Loan Sc Trust C j . et
al., as mortgage trustee, and O. L, Geer, Jas. C. Hutch naon
and. Moritz Lipman. annulling the deed of trust executed Oct.
24, 1*05, hut reserving for future couaideratiou the right of
two inter venora as to thirty-two of the bonds secured by the
mortgage. The bonds secured by the mortgage were listed
in Philadelphia Dec. 81. 1895, and vo-re described along with
the property on page 86 of Chronicle for -Tan. 11, 1896 The
action of the Court, it is stated, was based on proof that the
|2 f0,tOO bonds were sold for about $5,000. The mortgage
was made jointly by the rail way and the Smithton Lumber
Co.- V. 62, p. 594,
Union (Street) Railway, N. Y —Quarterly. —
.
Earnings for
the quarter ending Sept, 80 have been reported as follows:
3 m o n th s en d in g

Oront

Set

O ther

Sent. 30.
earnings, earnings, income,
$183,017 $91,322
$167
1897..................
1 * 0 6......................... 135.SU
80.012
$3

EPITO M E.

F rid a y N i s b t , November 5, 1897,

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

00

879

Interest, B a la n c e ,
tore*, etc. surplus.
$35,195 $4- ,29 I
31,773
19,322

Loans and bills payable Sept. 80, 1807. 8239,' 50, against
$264,61)9 on June 8 0 .-V. 85, p. 193.
Wisconsin Central Co.—Default Kav. I .—
The coupons due
Nov. 1 cm the joint improvement bonds remain unpaid.
S3 Per Cent <f the Inprovemi nt Bonds Deposited.—Penalty
after Sov. 15.—The Committee, refe ring to its advertisement
of Sept, 80,1807, gives notice that over “3 per cent of the joint
improvement bn mis has already been deposited and that fur­
ther deposi s with the Old Colony Trust Co , Boston, or the
Farmer-’ Loan & Trust Co., New York, will bo received up
to and including Nov, 15, 1997. After that, date bonds will
be rem-ived on payment of $'0 penalty p*r bond only. The
total issue of improvement bonds is $6/42,000, of which
#8,035,000 have been deposited, the certificates issued there­
for having been listed on the Boston Stock Exchange.—Y. 65,
p. 776.
—At a meeting of the directors of the Colonial Trust Com­
pany of this city on Thursday, John E. Borne was elected
President of the company in place of ex-Oov, Roswell P.
Flower, who resigned some tune ago. Mr, Flower was
elected Honorary Vice-President,

Business in mercantile circles has been on a limited scale
only. The elections held on Tuesday had a tendency to in­
terrupt. trade, and the fact that the results were* subse­
quently rather unfavorably received in financial circles also
has had sc me influence upon the business situation. Advices
from the Southwest have reported some improvement in the
fever conditions existing there, colder weather accompanied
by heavy frosts in some sections checking the ravages of
yellow fever and the quarantine has consequently been
raised at some points, resulting in an opening up of" traffic
and trade. Developments in the Cubaa-Spanish American
sitaa'ion have been closely followed, considerable interest
having been shown in the relations now exis ing. G-eneral
rains have been reported in the West which have been
favorable for fail-sown grain and there has been a reaction in
wheat values. The action of the Chamber of Commerce in
recommending an increase in artillery force has created some
uneasiness.
S to c k s o f M erc h a n d ise ,

October 1,
1897.

Par*
ro h a iw a , U otosstto . . . ------ hiifte.
ra h a o c o , fo re lm i_______ bale*.
Ooffee, R i o ...................
bax*.
Ooitee, o th e r ......................... bugs.
OolTee, J a v a , A O ..
s
.
l a w . . . . . . . ____
Ac.
to izar. ... . . . . .
4nlsui»ee, fo re ig n
.N o.
Hide*.....................
O o r to n .....................
R osin..........................................b b ls.
S p irit* t u r p e n t i n e . .. .............bbls.
T a r............................................... bbls.
R Ic e .E . X..................................bftK*.
Sloe, d o m e * tlo .......... ............ bbl*.
............bags,
S altp etre................................... bog*.
Ju te butt*........................
bale*.
M anila b em p ......................... bale*.
S teal h e m p ............................bale*.

9 ,1 3 9
12,659
13.985
4,962
3 5 3 ,3 7 2
117,985
6 8 ,3 7 0
4,177
9 9 ,’.319
N one.
4 3 ,2 0 0
6 1 ,7 1 0
34,401
1,460
356
COO
7.50
N one.
21,000
1,000

26,791
N one.

S’ov. I ,
1897.
9,375
1 0 .*32
1 0 ,9 3 4
2,494
4 0 4 ,1 1 5
115,100
70,1 59
2,199
1,008,863
N one.
55.700
6 2 ,-2 7
29,705
1,879
671
2,6 0 0
1.2 0

None.

19.700
42 5
2 7 ,: 11
i 23

N o e . X,

1896.
8 ,6 0 4
1 9 ,2 5 7
1 4 ,8 8 3
1 2 ,-3 6
2 1 6 .1 3 1
2 6 ,5 6 6
4 8 .5 9 3
4 ,8 0 5
2 ,3 1 1 ,6 1 2
N one.
4 6 ,1 0 0
1 7 2 ,2 6 6
3 1 ,7 1 8
2 ,0 -4
605
2 ,5 0 0
4 ,3 0 0
N one.
2 2 .5 0 0
N one.
28,61 6
5,5 9 8

Lard on the spot has hail a very moderate sate, but prices
have improved slightly, and the clore was steady at 4'60e. for
prime Western. 4*26<§4-80C. for prime City and 5c. for refined
for the Continent. Speculation in the local market for con­
tracts has been at a standstill, bat at the West prices have
advanced slightly, despite the fact that packers have been
operating to keep* prices down so as to prevent an advance in
the cost of hogs. The close was steady.
O A IL T CLO SIN G PR IC K S O P L A R D K C T U U E S.

S a t.

D e c .......................................0.

M on.

T o rs.

W ed ,

T h u rs.

F r t.

4-50

4-5 0

H oi.

4-55

4-60

4 -5 5

Pork has had amoderatelv active sale and prices have ruled
steady at $8 25@8 50 for old mess and $8 75@9 25 for new do.
Cut meats have been qniet. Tallow has been quiet and
easier at 3 3
Oleo stearine has declined to 4%e.
Cotton seed oil has been depressed under free offerings, clos­
ing at StepiSi’c. for prime yellow Batter has been steady
for creamery. Cheese has bean quiet and easy. _ Fresh eggs
have been firm and hi2her, closing at 20a. for choice Western.
Brazil grades of coffee have had a slow sale, and under
moderate offerings prices have declined to (3ljc, for Rio No,
7 on the spot, closing steady. Mild grades have been dull
and weaker, closing at 10J>j[c. for fair Cncuta. East India,
growth* have been quiet but steady at 04@341-£e. for standard
Java. The speculation in the market for contracts has been
moderately active and under liquidation by foreign holders
prices have declined. The close was steadier on buying by
shorts to cover contracts. Following were final asking prices;
N o v ....................... 4 95c. F o b ....................... 5 '3 5 e . I M a y ........................ 5 '0 5 o .
D eo........................ 5-70C. M a r c h ................. 5 90o. J u n o ....................
6-OOc.
Jan................ 5-750.! April............. 5-050.1J n :y ............... 6 05o.

Raw sugars have been dull, closing with rumored sales of
centrifugals, 90 deg. test, at 8 13-10C.: muscovado, 89-deg.
test, has been quoted at 3‘i<®3 5 16c. Refined sugars have
declined :?c, for the soft grades, and business has been
more active, closing at 5c. for granulated. Other staple
groceries have been quiet.
Kentneky tobacco has been quiet but steady at unchanged
prices. Seed leaf tobacco has had a moderate sale at steady
values. Sales for the week were 1,332 cases; also 1,000 bales
Havana at 70e.®$l 29 in bond, and 125 bales Sumatra at 80c.
@$2 in bond.
.
. ,,
Straits tin has had a moderate sale and prices have held
fairly steady, closing at 13 75@13*85c.
Ingot copper has
been in slow request and the tone of the market has been
easy, closing with sellers at lie. for Lake. Lead has been
quiet but steady at 8-BOc. for domestic. Spelter has been un­
changed and steady at 4-20@4-25c. for domestic. Pig iron has
been quiet but steady at $10@12 25 for domestic.
Refined petroleum has been steady, closing at 5'40c, in
bbls., 2-9°c. in bulk and 5'95c. in cases; naphtha quiet at
5-500. Crude certificates have be n neglected; credit bal­
ances have been steady at 65c. Spirits turpentine has been
quiet and easier, closing at 30< 8 *_c. Rosins have been
§> >
•lull and unchanged at $1 40@1 45 for common and good
strained. Wool has been quoted firm, although on large lines
prices have been shaded slightly to make sales. Hops bavo
been in more active demand^and prices have baen steadier.

THE CHRONICLE.

880

[V O L , L i V ■

In addition to above exports, our telegrams to-night also
give us the following amounts of cotton on shipboard, not
November 5, 1897.
cleared, at the ports named. We add similar figures for
T h e M o v e m e n t o f t h e C r o p , as indicated by our telegram* New York, which are prepared for our special use by Messrs.
from the South to-night, is given below. For the week ending Lambert & Barrows, Produce Exchange Building.
this evening the.total receipts have reached 387,832 bales,
O SHIPBOARD, HOT C L E A R E D F R
N
O—
against 374,137 bales last week and 870,541 bales the previous
L e a v in g
w eek, making the total receipts since the 1st of Sept,,1897,
sto c k.
O ther
C oast­
N ov. 5 a t
G reat
T otal.
B r ita in . F ra n c e . F oreign w ise. .
3,522,884 bales, against 2,836,023 bales for the same period o f
1896, showing a decrease since Sept. 1,1897, of 113,158 bales.
1 ,2 8 0
5 9 ,9 5 0
1 3 3 ,1 4 8
16,8 4 5 1 4 ,5 5 8 2 7 ,2 6 7
N e w O r le a n s ...
C O T T O N .

F r id a y N ig h t ,

R e ceip ts a t—

M on.

S a t.

T u ts .

W ed.

Thun.

F ri.

lo .a l.

G a lv e sto n .......... 7,4 7 5 2 2 ,1 4 2 6,7 5 8 1 5 ,6 0 2 1 6 ,0 0 8 13,382 8 1 ,3 6 7
1 ,021
637
____ _ ..........
......
......
384
T e x , C ity, Ac.
N ew O rlea n s... 2 0 ,5 8 4 1 7 ,4 2 6 2 3 ,1 7 8 1 5 ,7 8 0 10,689 14,911 1 0 2 ,568
7 ,4 9 3
419
4 3 0 2 ,2 6 4
1,225 1 ,0 0 0
M o b ile ................ 2,1 0 5
4 ,5 5 7
.......... 4 ,5 0 2
......
.....
55
......
F lo r id a ...............
8 ,9 5 6 1 1 ,1 8 0 12,427 1 1 ,3 7 0 9 ,0 2 0 1 1 ,5 4 0 6 4 ,4 9 3
S a v a n n a h ......
9,628 10,145
..........
517
......
Bruiisw 'k.A o.
5 ,5 5 8 7 ,4 6 0 1,2 2 6 2,8 9 3 10,947 5,104 3 3 ,1 8 8
C h a rlesto n .......
6 ,9 1 9
..........
------ .......... 6,782
137
......
P t. R oyal, Ac.
663 4 ,8 0 8 1,228 3 ,1 4 0 2,791 15,952
W ilm ington, - .. S .322
43
28
___...
..........
......
35 .........
W ash'ton, Ac.
5 ,8 5 3 4 ,6 5 0 6 ,7 5 2 4 ,6 7 0 2,6 0 0 3 ,1 1 6 2 7 ,6 4 1
N o r fo lk .............
663
588
..........
..........
......
75 . . . . . .
F ’p ’t N e w s, &o.
450
450
N e w Y o r k .,...
5 ,5 3 8
6 8 3 1 ,1 2 0 1 ,2 0 6 1,001 1,139
B o s to n ...............
389
1 ,8 3 4
1,647
......
......
......
B a ltim o r e . . . . .
187 . . . . . .
3 ,7 6 0
788
661
925
621
765
F b lla d el’a, Ao..

1 1 ,8 0 2
3 .0 0 0
2 ,3 0 0
N one.
5 .5 0 0
N one.
N one.

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

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

T o ta l 1 8 9 7 ... 1 1 2 ,6 3 7

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

3 0 9 ,3 7 1

5 0 1 ,5 0 5

T o ta l 1 8 9 6 ... 165,872
92,494
T o ta l 1 8 9 5 ...

30,1 7 8 1 0 3,104 2 0 ,8 2 4
36,6 1 6 8 0 ,6 5 2 3 0 ,1 2 1

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

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

4 5 ,2 9 2

6 ,0 0 0

S a v a n n a h ..........
C h arleston — .
M o b ile . . . ; .........

1 0 ,4 0 0

N e w Y o r k ..___
O ther p o r ts—

3 ,1 0 0
1 3 ,0 0 0

6 ,0 0 0
6 ,0 0 0

3 0 .2 2 5
3 5 .0 0 0
23,5 0 0

2 1 ,5 0 2
N one.
N one.
N one.
N on e.
80 0
N on e.

1 ,0 0 0

5 .0 0 0
2 .0 0 0
1 2 .0 0 0

Speculation in cotton for future delivery has been mod­
erately active,and although there has been a decline in prices,
toward the close there were indications of a steadier under­
tone, as the sentiment among a number of the local dealers
appeared to be changing in favor of the market, and there
was slightly more buying by outsiders for investment ac­
count attracted by the low prices; still this buying has not
as yet broadened sufficiently to be an important factor in the
T ot. th is w eek 5 6 ,3 7 7 6 6 ,0 5 0 5 7 ,2 6 9 5 3 ,8 9 0 57 ,0 4 4 77,002 367^632 situation. The weakness has come principally from the
The following shows the week’s total receipts,the total since foreign markets, which have been influenced by fairly
Sept. 1,1897, and the stock to-night, compared with last year. free offerings from the South, and the local market
has also been depressed by selling against Southern
Stock.
1896.
18 9 7 ,
offers. Frost reports have been quite general from
R e c e ip ts to
the Southwest, Louisiana, Mississippi, Alabama and Texas,
T h U S in c e Sep. T h is S in c e Sep.
18 9 7 .
18 96.
N ov, 5.
but they have had comparatively little influence. Selling by
w eek. 1 ,1 8 9 7 .
w eek.
1, 1896.
tired longs has also been against the market, and as prices
G a lv e s to n ... 8 1 ,3 6 7 6 7 2 ,5 9 7 6 5 ,0 4 0 6 0 3 ,2 7 5 2 0 5 ,3 2 0 1 8 1 ,0 3 7 have weakened stoo orders have been reached, which have
1,021
3 ,2 4 7
4 2 ,1 5 3
5 ,1 1 0 brought additional supplies of cotton upon the market to he
1 0 ,4 7 0
T e x . C.,Ao,
N e w O rle a n s 102,568 5 6 3 ,6 6 2 9 2 ,4 4 3 7 9 7 ,3 0 6 193,098 3 5 3 ,3 7 4 absorbed by the very moderate buying power. Advices re­
9,6 5 8
9 9 ,6 9 2
14,597
7 ,4 9 3
8 9 ,2 0 6
4 5 ,5 8 1 ceived from Lancashire reported that the masters had de­
M o b ile ..........
4 ,5 5 7
' ......
2 ,9 6 9
1 1 ,8 2 2
19,6 2 3
F lo r id a .. . . . .
cided to reduce wages 5 per cent to take effect December 1st,
S a v a n n a h ... 61,493 4 5 9 ,4 3 4 3 9 ,1 8 3 3 3 5 ,6 4 4 1 5 1 ,4 9 8 1 4 2 ,8 1 4 but as no serious labor trouble was expected to follow this
6 9 ,0 2 2
B r ’wiok.& c. 1 0 ,1 4 5
5 ,9 8 7
4 5 ,2 5 5
16,096
3 ,6 9 3 reduction if made, it had little influence upon the market.
60,6 2 4
C h a r le s to n .. 33,1 8 8 2 0 3 ,4 6 9 1 5 ,2 1 4 1 9 2 ,8 9 3
7 5 ,0 0 8 To day the market was easier during early ’Change under
3 4 ,8 5 8
6 ,9 7 5
1 9 ,1 9 4
6,919
...A ..
P .R o y al.A e.
selling against free offering from the South. Subsequently,
32,263
W ilm in g to n . 1 5 ,9 5 2 1 5 9 ,9 9 3 1 3 ,5 9 2 1 2 5 ,7 5 1
2 2 ,4 9 9 however, on buying for Liverpool and local account there
41
43
553
354
■Waeh’ii, Ao.
developed a steadier tone and the loss was recovered. The
N o r f o l k ____ 27,641
1 8 5 ,1 1 8 3 4 ,1 7 5 2 8 8 ,7 5 9
35,6 3 1
7 2 ,2 9 7 close was steady at a slight reaction from the best prices for
5 ,6 6 4
603
4 ,6 4 8
1,000
N ’p o rtN .,A c
578
1 ,9 4 2 the day and 1 to 2 points below Ttmrsday’s final figures. The
3 ,2 6 3
N e w Y o rk ...
450
1 ,8 3 1
1 2 ,3 7 4
66,9 2 5 1 8 2,317 spot market has been quiet and unchanged at 6c. for mid­
B o s t o n . . ___
5,5 3 8
3 7 ,5 6 2
2 1 ,4 9 1 1 0 ,3 4 9
19,000
2 2 ,0 0 0 dling uplands.
The total sales for forward delivery for the week are
1 0 ,4 2 9
B a ltim o re . .
1 ,8 3 4
7 ,5 3 5
2 ,0 8 7
8,874
9 ,1 5 3
1 6 ,9 0 7
1 ,6 1 4
8 ,4 1 1
F h ila d e l.A o .
3 ,7 6 0
5 ,9 5 0
5 ,8 3 2 648,200 bales. For immediate delivery the total sales foot
up this week 1,903 bales, including — for export, 203 for
T o ta ls ........ 3 6 7 ,6 3 2 2 ,5 2 2 ,8 6 4 1304,983 2 ,6 3 6 ,0 2 2 810,8 7 6 1 ,1 2 2 ,657 consumption, ---- for speculation and 1,700 on contract.
In order that comparison may be made with other years, The following are the official quotations for each day of the
past week—October B to November 5.
O
we give below the totals at leading ports for six seasons.
Kates on and off middling, as revised Sept. 8, 1897, by the
R e c e ip ts at— 1897.
1896.
18951
1894.
1893.
18 92.
Revision Committee, at which grades other than middling
68,2 8 7
G alvee’iij& e.
8 7 ,3 1 2
3 2 ,7 1 7
8 2 ,3 8 8
55,253
6 0 ,2 5 9 maybe delivered on contract, applies to quotations begin­
6 5 ,9 8 0 129,249
9 2 ,4 4 3
N e w O rleans 1 0 2 ,5 6 8
97,2 0 7
6 7 ,7 4 2 ning with the 9th.
Savannah...
Ohas’ton, &o.
W llm ’fcon, &o
N o r fo lk .........
N . N ew s, &o.
A ll o th e r s ...

7 ,4 9 3
6 4 ,4 9 3
4 0 ,1 0 7
1 5 ,9 9 5
2 7 ,6 4 1
663
2 6 ,2 8 4

9 ,6 5 8
'39,183
2 2 ,1 8 9
13,633
3 4 ,1 7 5
578
2 4 ,8 3 7

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

9 ,7 0 0
5 4 ,2 2 4
38,711
12,2 2 7
2 3 ,6 9 8
28,3 4 1
1 5 ,1 9 4

T ot. th is w k .

3 6 7 ,6 3 2

3 0 4 ,9 8 3

197,931

3 9 6 ,6 6 2

10,240
46,3 6 7
20,088
11,0 8 0
26,448
15,787
12,771

7,971
4 2 ,5 3 4
1 8 ,1 4 8
9 ,2 3 1
1 9 ,9 9 0
19,262
2 0 ,4 7 0

298,1 4 1 -2 6 5 ,6 1 9

Sine© S ept. 1 2 5 2 2 ,8 6 4 2 6 3 6 ,0 2 2 1 8 1 8,839 2 6 6 0 ,3 9 2 2 1 0 6,142 1978,691

The exports for the week ending this evening reach a total
of 301,815 bales, of which 136,806 were to Great Britain, 81,369
to France and 93,610 to the rest of the Continent. Below
are the exports for the week and since Sept. 1, 1897.
W e e k E n d i n g N o v . 6 ,1 8 9 7 . • F r o m S e p t. 1 ,1 8 9 7 , to N o v . 6 ,1 8 9 7 .
E x p o r te d to —
E x p o r te d to —

M xp o rU
fro m —

G rea t
C o n ti­ 'Total
G rea t
F rance
F ra n ce
B r iV n ,
n e n t. W ee k . B r i t a i n .

G a lr e e to n ..,.,
T e x . C ity , A c..
N ew O r le a n s ..

S a Y a i u m h , .. .. ,
B r u n s w ic k —
C h a r l e s t o n ___
F o r t R o y a l ___
W il m in g t o n ...
N o r f o lk ..;,....
N ’p o r t N ., & c„
N a w Y o r k ........
B a l t i m o r e ........
P h i l a d e l p h i a ..

39,964
27,710
13,092
4.447

17,849

4,301
7,858
0,478
3,522
800
6,62-f
7,302
4,489
018

1,295

4,736

Son Fran., &c.
T o ta l..

—

03,797
483
88,847
10,9*1
4,49?
34,571
0,200 10,501
12,630 20,488
0,478
10.418 10,418
8,522
500
4,020 11,644

5,98*
*83
40,834 20,297
0,84''
50
21,301 .13,180

2,085

9,224
048
2,085

210,657
153,797
28,798
12,697
23,489
24,031
38,448
23,424
78,410

83,779
99,150

21,301

C o n ti­
n e n t.

T o ta l.

71,755
3,783
102,258

300,091
3,783
355,211

147,30s
10,752
03,370

8,000
42,083
1,799

60,406

13,791

47,710

10,414
2,999

900

20,860
850

11,686

19,1*7
192,218
41,38 *
101,827
31,424
120,493

F a ir ........... ...........................o.
Io n .
M iddling F a ir ...... ................. n J6 on.
S triot G ood M id d lin g........
% on.
G ood M id d lin g .....................
lio n .
S tr ict L ow M id d lin g .........
s l f i off.
L ow M id d lin g ,...................
l i e off.
S tr io t G ood O rdinary........ i s la off.

120,800

81,309

93,040 801,815

760,780 219,017

552,097 1,521,834

T o l a ] , i s o s . . . J42.344

20.822

71,003 284.709 i 862.086 165.132

480.040 1,503,798

1% off.
Even.
7s a offoff.
7s off.
1% off.

On this basis the. prices for a few of the grades would be
as follows.

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

UPLANDS.

G U L F.

G ood O rd in ary
L ow M id d lin g
M id d lin g ..
G ood M id d lin g
M iddling F a ir
S T A IN E D .

Low M id d ling
M id d lin g
S tr ict M id d ling
Good M id d ling T in g e d .

T il.

71 o n T u e s W e d

S a t,

G ood O rd in ary
...........
Lo w M id d lin g ............. ................
M id d lin g.................................. .
G ood M id d lin g ...............................
M id d lin g F a ir ......................

47g

4-8

59is
6

6M
6-4
6 U 1S 6 G ,«

©

ID

47S

47a

5<hs
6
6Q
6 iim

c
e

5®is
6

5*u

6
6Q
6 >ii«

5»i*
6
6k
6U i ,

Th.

F r i.

M on T u es W ed

S a t.

5k
5*6
5%
5>%e 5i3;e 51S 19
64
6^4
6k
6
6 ht
615 6 6151(S
616

5%
51»is
6-4
6V
6U ,e

5%
5 i>
6*4
6 ia
615,8

S a t.

M on T u e s W ed

4^8

$

t 8
o
©

4^8
H o li­
62osa day.

52&;v
6

F r i.

47g

Th.

F r i.

4%

4&s
5^16
52 B
3.

4%
5*16 ^91 «
5253s 52&30

6

6

6

0

MARKET AND SALES.
SALES O P SPO T AND CONTRACT.
CLOSED.

2,299
127,973
38,174
3,849
11,685

G ood O rd in ary ................ e.
G ood M id d lin g T in g e d .. .
S tr iot M iddling S ta in e d ..
M id d lin g S ta in e d ................
S tr ic t L ow M id. S ta in e d .
L ow M id d lin g S ta in e d ...

S . t ’d .y ..
M onday.
T u esd ay
Wed’day
Tl'.’d s y ..
F r id a y ..

Q u ie t ....................
v^uiet........ . . . .
D u ll.......................
E a s y ......................
D u l l ......................

T o ta l,. ....................... - - - - -

E x­
p o rt.

....
__,
__
....
....

0 on- Spec- C on­
su m p . u T t’n tra c t.
44

16
27

203

S a le s o f
F u tu r e s

....

116

...

T o ta l.

....

44
116

8 5 ,2 0 0
1 2 7 ,8 0 0

700
3 00
700

'7 1 6
327
700

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

1 ,7 0 0

1 ,9 0 3

6 4 8 ,2 0 0

Oo O o o o o o o o o o o

oo

H

a>

oo

T ow ns,

no N I*- rfl

oco

iOf»
ot>*>

1,193
E n la u la ,
ALABAMA...
*
*
4,158
M o n tg o m e ry
*i
520
a o ln m ,
0 ,0 1 0
H e le n a ,
ARKANSAS..
4
1
L i t t l e R ook,
8.861
2,121
A lb a n y ,
0KOKOIA....
“
6,19*2
A th e n a ,
it
1 3 ,055
A tla n ta ,
if
14,413
A u g u s ta ,
it
8,205
C o lu m b u s ,
if
3 ,6 9 6
M acon,
t*
4,734
R om e,
20 4
L o u is v llle ,a r t K k n t c o k t .
7,201
S h r e v e p o rt, L o u is ia n a .
3,1 5 1
C o lu m b u s,
M issie s i r n .
it
3 .8 0 0
G re e n v ille ,
t4
M erid ia n ,
1,059
4
4
N a te h u t,
3,045
•«
2.021
V ic k sb u rg ,
i#
4 ,2 7 0
Y aaoo C ity ,
Hi. L o u is,
MISSOURI. . 45.K16
1,703
N .C a r o l in a
C h a r lo tte ,
4
*
1,492
R aleig h ,
8,671
O h io ..............
C ln o ln n a tl,
625
C o lu m b ia ,
8. C a r o l in a
761
G re e n w o o d ,
T b n n k s sr b .. 2 1 ,937
M em p h is,
44
59 2
N ash v tU e,
647
B re n b a m ,
T r i a s ...........
*
*
D a lla s,
9 ,3 7 0
4»
7 1 ,8 3 4
H o u s to n ,

«f->C 0
O ^'< 0C 0tD C 0“

“ 05 x#

(N

r-C 5 £

c^io«o»nM*-jCD
os 4Pob c-a<oC
O

*“ l> r^X*

^ 0 5 C r' c5*O’ <©O CS 0
t>

‘CSt'- — O
* C

O
CiCO

s? - I

... , ^ | l ! j | I

H?
O
—i

o

irtfsff H U s * f i a
ililill
ISIl*
a s ls s s s s s is s is s

fill
ffl

•« « •# » » « » »
P r ie s t a n ti
S a lt! o f
F U TU R kH .

M arket,

o

W

M o vem en t to N ovem ber 5, 1897,
R e c e ip ts,
B h ip m ’tt Sto ck
T b it
Since
T h it
N ov. 5 .
w eek. S e p t.l,’97. w eek.

iSlisSil!
if l lr 1
D A 1 L T PB10M B AM D
October,

1,073
4 ,1 5 0
80
2,410
7,18*1
2 044
4 837
1 0 ,3 7 0
11,712
4,241
8 ,5 3 0
5,808
147
4.2 5 9
2,(577
*2,200
1,725
3,024
772
3 ,9 0 0
4 0 ,904
1.703
1,235
7.1 0 0
5 25
701
2 7 .0 0 !
433
5 50
6 ,1 8 5
6 8 ,5 3 9

1.632
15,741
8,5 5 0
16,959
2 4 ,0 2 2
4,4 8 0
8,875
1 3 ,329
4 1 ,5 6 2
8,989
8,-113
0"85
111
10,205
8,0 3 4
7,077
2,705
9," 37
5,00!)
10,017
33.74 4
(( ll.
842
>037
7*\2X0
1,192
5 ,1 8 0
8,5 7 9
5 3 ,168

T o ta l, 81 t o w n s ........... 2 5 7 ,3 0 8 2 ,0 0 2 ,0 7 7 2 3 0 ,7 0 5 S90.258

M a r k e t,

Range and
Total Salet.

12,530
67,979
4 0 ,093
3 1 ,637
5 7 ,387
£ 0 ,3 9 8
8 4 ,809
91,261
1 5 4 .9 7 9
3 3 ,066
4 5 ,7 8 6
2(5,455
2,144
5 3 ,5 0 0
14,487
2 1 ,945
10.974
25,044
6.229
2 0 ,3 2 7
21 i ,397
8.4(55
9,64(5
3 5 ,2 4 3
11,Oil)
0,250
1 8 2 ,5 8 0
4 ,7 0 2
Ifi.OXi
5 5 ,8 0 8
6 7 8 ,7 1 0

N ovem ber,

December.

J a n u a ry ., I F e b ru a r y .
ry

S A L MB OP B VTVK M B BOB M A O S
M arch.

A p ril.

Mag.

M o v e m e n t to JCorrat&er 0, 18 9 6 .
R eceipts.
S M p m ’U Sto ck
T h it
S ince
T h it
N ov, 6,
w eek. S ept.1,’96. w eek.
491
4 ,0 2 2
1,757
1.937
2,881
1,4*25
3,5 8 3
4,477
14,54 J
2,1 0 9
3,023
3,143
250
3,319
1,580
2,1 7 6
1,501
2,794
3,9 1 0
3,780
20.172
55 8
689
12,2(51
1,000
593
2 4 ,720
4 96
8S6
2,663
6 5 ,0 9 0

319
5,7 9 9
1,512
2,055
2.904
9 47
2,4 5 0
4,8 8 9
7,4 0 9
1,100
2,221
3,038
23 0
3,3*52
1.132
2.048
1,300
3 .2 0 0
2,8 0 5
2.252
2 4 ,0 4 0
8 56
866
1 0 .605
1,0 0 0
618
2 1 ,3 2 8
527
,947
2.096
G0.608

2 50
106,225
1,122
7,765
2,137
5 9 ,6 6 9

187,974 1,960,351 175,013

4 61,249

M OMTB,

June,

J u ly ,

A u g u e t.

September

H

S a tu r d a y , O c t. 3 0 S a le s, t o t a l ...............
P r ic e s p a id (ra n g e )
C lo s in g ............. ........

Sternly.
* 5 ,2 0 0
5 '7 8 » 6 1 0
S te a d ) ,

v’ge.. 5*87
A v ’g e , . 5*79 A v 'g e .. 5*84 A v ’g e . . 5* 8 7 ! A v ’g e . 5*91 Av’ge.. 5*95 A v ’g e .. 5*99 A v’ge.. 6 02 A v ’ge, «•<>' Av’ge . 0*11 Av’g e.. 0*15 A v’g e ..
200
1.7 0 0
5 00
1 3,000
80 0
3 8 ,6 0 0 I
1 ,0 0 0
lx,8(M*
800
0 .8 0 0
5*92# 5*96 5*08 » 8*00 0*00# 0*05 6 *00# 0*08 0*10# 0*12 6*15* 0 1 6
5*78® 5*83 5*80® .*,*#« 5 * 8 4 A ,V S 9 5 * 9 0 s 5
0 0 * - 6*03 0 0 6 - 0*07 «* 1 0 - 0*12 0 * 1 4 - 0*10
2
5 * 8 0 - 5*82 5*8 3 # S '8 4 5 * 8 6 - 5 * 8 7 5 * 9 0 — 5 * 9 3 5 94 - 5 05 5*98— 5*99

M o n d ay , N ov. 1 —
H alos, t o t a l ...............
P ric e s p a id ( ra n g e )
C lo s in g ,.....................

w

F ir m e r.
A v'ge..
1 2 7 ,8 0 0
6-79® 6*17
S te a d y .

..... . . . . .
Av’ge.. 5 ’fl.i Av'g** . . .5*88 A v’ge. 5*90.Av’ge. .'•*95 Av’ge. 5*9. Av’ge.. 5*99 A v ’g e .. S O S A v ’g e ,. 0 10 A v’g e .. i*12 A v ’g e .. 6*15
2 ,8 0 0
2,7(0*
1,300
11,300
12,400
63.500 j
r»0o i
30,000
300
2,600
6 01. # 0*10 Q OH* 6*13 6*09 # 8*10 6*14® 6 17
5*79 It 5*87 5*83ai 5*90 5 -8 5 4 3*99i 5*90# 3*97: ,vt»3» 8*02 .V90#
3 - S 0 - 5*87 5*88— 5*89 &*«->- 5*98 5 *96- M 7 6 * 0 0 - 6*01 0 * 0 4 - 6*05 U*tw~ 6*09 6 * 1 1 - 0*13 6 * 1 4 - 6 1 0 0 * 1 9 - 0*20

T u e sd a y , N o v . 2 —
S a le s, t o t a l ...............
P r ic e s p a id (ra n g e )
C lo sin g .......................

H O M DAT

W ed n ’d ’y, N o v , 3 Baios, t o t a l ...............
P r ic e s p a id (ra n g e )
C lo sin g .....................

C
O
a
►

£

L o w er
1 4 8 ,3 0 0
6*74® 6 1 3
E asy .

5*99 A v’ge, «*01 A v’ge.. 0*06 A v’ge.. 0*10
5*89 A v'ge.. 5*95 A rt
A v ’g e ,. 5*78 A v ’g e ,. 6*78 A v’ge. 5*82 A v’ge-. 6 ‘8 « Av'i
2,000
BOO
2,800
i ,o o o
5 2 ,0 0 0
H i ,1 0 0
U&TOO
3,4 00
•<>0
12,400
5*74 4 5*81 5*754 5*82 5*79 3 5*85 5*88# 5*88 6*974 5*93 5 -914 5*90 r**9t;«f 6-0*2 0 0 0 * 6*02 0*0,)* 0*08 0 0 8 ® «*)3
5 9 1 - 5*02 8 * 9 6 - 5*97 0 * 0 0 - 6*01 0 - 0 4 - 8*05 6 0 8 — 0 09
5 * 7 3 - 6*75 5*79— 5*76 5 * 7 9 - 5*80 5*83- 5*8» ,V * 7 - 8*88

T h u r s d a y , N ov. 4 —
S a le s, t o t a l ...............
P r ic e s p a id (r a n g e )
C lo sin g ............... .

E a s ie r
U 1,800
5*68® 0*06
S te a d y .

Av’ge

F r id a y , N ov. 5—
Salim , t o t a l ____—
P r ic e s p a id (ra n g e )
C lo sin g .................

A v ’g e..
S te a d y .
145,100
5*65 4 6 0 0
S te a d y .

5 85 A v'ge.. 5*0.1 Av’ge.. 5*90 A v 'g e . . 5-98 A v'ge.. «*o3)Av’ge.
A v ’g e ,. 5*69- A v’g e .. 5*70 Av’ge.. 5*74 Av’ge. 5*80 A v'ge., 5*83 A v ’ge
27,200
1,300
3 ,2 0 0
2,000
1,100
32,418*
6 1 ,9 0 0
1 2 .300
1 .2 0 0
’
.’,500
5*65« 5 72 5 * 8 0 9 5*73 5 -71# 5*78 5*77 • 5’82 5*79# 5*8" 5*«4 J. 5*S8: 8*88# 5*1*4 5 07 a -V08 5*97* 0*03 0*00# 0 00
5*95 - 5*96 5*98— 5*09 1i 0 1 - 6 0S
5 86
5*87 5-91— —
8 *83- 5 *67- 5*64 5 * 6 9 - 5*70 5*7 4- .V
5*78— -

t o t a l s a le s tills w eek
A v e ra g e p ric e , w eek
S a le s s in c e Sop. 1 ,’97

6,007,800 1

5-70 A v ' g e . 5*73 A v'ge.. 5*76 Av’g e .. 5-80 Av’ge . 5*84 Av’ge.. 8*00 A v’ge.. ft**93 A v’ge. 5*98 A v 'g e .- 6*01 A v’g e .. 6*05
4,500
2 0 .9 0 0
1,100
33.000
4,1 0 0
700
BOO
5 8 ,8 0 0
1 5 ,000
•8fi* 0*02 5*99# 0-06 8*03# 8-00
V
6-8B# 5*73 5 7 « A 5*76 ■ 74 J 5*41 f»*79a 5*82 6* 8 8 # 5-aa 5*809 3*91 5*91 d 5 0“
•9 0 - 5*97 0 *00- 0 0 1 0 0 4 - 0*05
5*89— 5-Tii 5 * 7 1 - 6 7 2 5*73— 5*76 ft-79— ,'ffO ! < l - 5*84 5*87— 3*89 5 9 3 - 5*93
3 ,1 0 0

11,1 00

6 4 8 ,2 0 0

5*76
875,200

3 5 9 .7 0 0

61.900

273,400
5*80

1 ,0 1 4 ,9 0 0

2 ,6 0 7 ,4 0 0

&*?H

&*S«

1.52.900
5*90

3 ,9 0 0
6 94

71,900

8 8 2 ,8 0 0

3 1 .0 0 0

5,8 0 0

1 0 ,0 0 2
7 1 ,174
3 9 ,9 8 0
24.081
30.4(30
24,765
3 3 ,3 2 5
0 3 ,1 9 4
1 52,084
2 5 ,7 7 8
4 1,018
29,347
2,074
4 0 ,2 9 5
14,573
2 9 .119
17,250
34,404
37,433
2 7 ,657
10(5,845
9,743
1 3 ,840
7 0 ,9 5 7
1(5,008
8.115
2 8 0 ,9 9 3
6,461
2 0 ,945
2 3 .253
0X 6,907

1 0 7,500
5*98 .

12,200
0*02

12,900
0-00

4 5 0 ,0 0 0

06,200

4 7 ,0 0 0

6,800

0*10

6.900

3,845
2 4 ,3 2 4
9,8 6 0
8.677
6,838
7,0 3 7
1 4 ,787
12,527
4 7 ,312
13,041
13,312
3 ,5 5 9
55
16,810
4,206
10,878
1,539
8,9,9 0
2 1 ,3 9 2
14,303
31,311
2 00
974
7,312

I— ^ A
*

cS S! 55 kj _
S
■S*® ►.& 8

THE CHRONICLE

882

QUOTATIONS FOB MIDDLING COTTON AT OTHER MARKETS.—

W

eather

R

epo rts

[V ol . L X V .
Bt

T e l e g r a p h . — R ep o rts

to u s b y

Below are closing quotations of middling ootton at Southern te le g ra p h th is evening den o te th a t ra in h as been gen eral a t
and other principal ootton markets for each day of the w eek : th e South th e p ast w eek, a n d th a t in consequence th e m a r ­
OLOSING Q U OTATION S F O B M ID D L IN G OOTTON O N —

Noe. 5.

B a tu r . -

M on.

5 i i 16
51
*
5%

50s
5*9
53e
5 616
» 616

04

5»,«
6
5 78
64
5918
51,8

G a lv e s to n . .
N ew O rleans
J d o b llo ..........
Savannah. .
C h arleston ..
W ilm ington.
N o r fo lk ........
B o s to n .........
B a ltim o r e ...
P hilad elp h ia
A u g u sta ........
M em phis___
Bt. L o u is___
H o u s to n ___
C in c in n a ti..
L o u is v ille ...

538
538
5»,e
5*16
6
■
r'7e

•a
m

5 9,e
0 78
5 7S

F ri.

54
530
5*4
53,8
?“!6
53g
5*3
6
53l
6H
5 ', 6
53«
1)18
5 ‘is
5 70
5%

54

5*16
538
56,8
5 5 ,a
5*9
5*2
6
5%
64
54
530
54
54
5 78
5 7e

519

5»ie
54
53g
511,8
0
5 78

T h u r t.

W ednes.

rue*.

5ia
530
5*4
5»4
530
5713
6
5%
64
5 38'®7lfl
53g
5 ‘ ie
538
534

5^

The closing quotations to-day (Friday) at other important
Southern markets were as follows.
5M
Athens............ 5 is I C olum bus, M iss 4 78 N a s h v ille ..
A t la n t a ..............
C h a r lo tte ..........
C olum bus. G a.

518tn E u fa u la ______
54
| L ittle K o c h ....
5 's I M o n tg o m e r y ...

N a t c h e z ...
R a le ig h ___
ShreveDOrt.

5 is

53,8
5%
4 78

The following table
indicates the actual mo vement eachw eekfrom the plantations.
The figures do not include overland receipts nor Southern
consumption; they are simply a statement of the weekly
movement from the plantations of that part of the crop which
finally reaches the market through the outports.
R e c e ip t s

Week
Ending—
Oct.

1 .......
“
8 ........
*• 1 5 ........
“
2 2 ........
29........
Nov. 5 .......

from

the

P

l a n t a t io n s .—

Receipts a t the Ports. St'lc a t Interior Towns. Rec'pts from PlanVns.
1897.

1896.

1895.

1897.

1896.

1895.

1897.

1890.

1895.

283.476
293.004
294,880
870,541
874,137
867.632

283.9S6
334,230
337,677
330,571
324,737
304.983

217,679
274,485
230,659
295,438
251,087
197.931

202,506
239,761
291.976
325,576
309,655
396,258

329,954
373,969
415;409
447,355
448,28s
461,249

141,783
203,752
208.191
325,575
364,994
415,176

311,664
380,259
347,101
404,141
418,216
394,235

338,713
378,245
379,697
361,937
325,670
317,944

268,830
330,499
845,098
352,821
290,507
248,112

The above statement shows: 1.—That the total receipts
from the plantations since Sept. 1, 1897, are 2,874,046 bales; in
1896 were 2,976,677 bales; in 1895 were 2,201,314 bales.
2.—That although the receipts at the outports the past week
were 367,632 bales, the actual movement from plantations was
394,235 bales, the balance going to increase the stocks at the
interior towns. Last year the receipts from the plantations
for the week were 317,914 bales and for 1895 they were
248,112 bales.
O v e r l a n d Mo v em en t

fo r th e

W

eek and

S in c e S e p t . 1

We give below a statement showing the overland movement
foi the week and since September 1. As the returns reach ut
by telegraph late Friday night it is impossible to enter so
largely into detail as in our regular monthly report, but all
tne principal matters of interest are given. This weekly
publication is of course supplementary to the more extended
monthly statements. The results for the week ending Nov. 5
And since Sept. 1 in the last two years are as follows.
18 9 7 .
N o v em b er 5.
Week.

1896.

S in c e
S ep t. 1.

Week.

Since
Sept. 1.

S h ip p e d —
V ia C airo............................................
Via P a r k e r .........................................
Via K ook I s la n d .............................
Via L o u is v ille ................................
Via C in cin n a ti..................................
Via o th e r r o u te s, & c......................
T o ta l g r o ss o v e r la n d .................
D ed u ct s h ip m e n ts —
O verlan a to N. Y ., B o sto n , & c..
B e tw e e n in te r io r to w n s ...............
In la n d , A c., fro m S o u th ...............

4 0 ,9 6 4
1 2 ,6 8 7
582
2,4 6 0
2,5 1 8
2,4 5 3
7 ,4 8 7

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

24,0 4 0
7,550
577
750
8,565
6,822
9,027

153,8 59
7 7 ,7 0 7
5 ,3 0 7
7,3 10
4 7 ,4 0 4
3 4 ,6 7 6
2 0 ,8 1 9

6 9 ,1 5 7

3 2 1 ,7 7 4

57,331

3 4 7 ,0 82

1 1 ,5 8 2
3,591

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

15,881
404
2,870

6 8 ,7 7 6
1,0 97
11,019

1,011

T otal to h e d ed u o te d .................

14,1 8 4

60,839

1 9 ,1 5 5

80,8 92

L e a v in g to ta l n e t o v e r la n d * ..

5 4 ,9 7 3

2 6 0 ,9 3 5

33,3 7 6

2 6 6 ,1 9 0

* In c lu d in g m o v e m e n t b y r a il to C anada.

The foregoing shows that the week’s net overland movement
this year has been 54,973 bales, against 38,176 bales for the
week In 1896, and that for the season to date the aggregate net
overland exhibits a decrease from a year ago of 5,255 bales.
I n S ig h t a n d S p in n e r s *
T a k in g s .

1897.
W eek.

S in c e
Sept. 1.

1896.
W eek.

Sin ce
Sept. 1.

R eoelp ts a t p o rts to N ov. 5 ............ 3 6 7 ,6 3 2 2 ,5 2 2 ,8 6 4 3 0 4 ,9 8 3 2 ,6 3 6 ,0 22
Wet o verlan d to N ov. 5 ..................... 5 4 ,9 7 3 2 6 0 ,9 3 5 3 8 ,1 7 6 2 6 6 ,1 90
Southern co n su m p tio n to N ov, 5. 2 1 ,0 0 0 2 0 1 ,0 0 0 20,0 00 181,0 00
T o ta l m a r k e te d ............................ 4 4 3 ,6 0 5 2 ,9 8 7 ,7 9 9 363,1 5 9 3 ,0 8 3 ,2 12
Cntsrior sto c k s In e x c e s s ................. 2 6 ,6 0 3 3 5 1 ,1 8 2 12,961 3 4 0 ,6 55
C am e in to sig h t d u rin g w e e k . 470,2 0 8
3 7 6 ,1 2 0
T o ta l in sig h t N o v . 5 ..................
3 ,4 2 3 ,8 6 7
.......... 3 ,3 3 8 ,9 3 1
N orth'n sp in n e r s ta k 'g s to N o v . 5 . 1 7 4 ,8 9 2 i 5 0 8 ,1 4 8 5 2 ,2 2 4 4 7 6 ,2 0 3

It will be seen by the above that there has come into sight
during the week 470,208 bales, against 376,120 bales for the
same week of 1896, and that the decrease in amount in sight
to-night as compamd with last year is 34,886 bales.

k e tin g of th e c ro p has suffered some in te rru p tio n . F ro s ts
are re p o rted a t som e points, an d a t M em phis k illin g fro st
o ccu rred on W ednesday m orn in g . O u r H e le n a co rresp o n ­
d e n t sta te s th a t th e crop on overflow ed la n d s is tu r n in g o u t
w ell.
G a lv e s to n , T e x a s . —W e have h a d ra in on tw o day s d u rin g
th e w eek, th e p recip itatio n being tw o inches a n d eig h ty one
h u n d re d th s. T he th e rm o m e te r has av erag ed 61, th e h ig h e st
being 73 an d th e low est 49. D u rin g th e m o n th of O ctober
th e ra in fa ll reached five in ch es and tw elv e h u n d re d th s.
P a le s tin e , T e x a s . —R a in h as fallen on th re e days of th e
w eek, th e ra in fa ll reac h in g one in c h an d tw e n ty six h u n ­
d red th s. T he th e rm o m e te r has av erag ed 56, ra n g in g fro m
34 to 78. R a in fa ll fo r O ctober th re e inches a n d sixty-five
h u n d red th s.
H u n t s v i ll e . T e x a s . —R a in fa ll fo r th e m o n th of O ctober five
inches an d eighty-six h u n d red th s.
S a n A n t o n i o , T e x a s . —W e have h a d ra in on one d ay of th e
w eek, th e ra in fa ll being eig h t h u n d re d th s of an in ch . The
m in im u m te m p e ra tu re h a s been 44. R a in fa ll fo r th e m o n th
of O ctober one in ch and th irty -fiv e h u n d re d th s.
D a lla s . &c., T e x a s . —Telegrams discontinued for the present.
N e w O r le a n s, L o u i s i a n a . —The w eek’s ra in fa ll h as been
eig h ty -n in e h u n d re d th s of a n in ch on tw o days. The th e r ­
m o m eter h as av eraged 64. O ctober ra in fa ll tw o inches a n d
fo rty h u n d red th s.
S h r e v e p o r t, L o u i s i a n a . —T h ere has been ra in on tw o days
d u rin g th e w eek, th e ra in fa ll reac h in g tw o inches a n d
tw en ty -fo u r h u n d red th s. T he th e rm o m e te r has ran g ed from
38 to 75, a v erag in g 55. O ctober ra in fa ll th re e inches an d
sixty-seven hund red th s.
C o lu m b u s , M is s i s s i p p i . —T h ere has been ra in on one day of
th e w eek to th e e x te n t of six h u n d re d th s of an inch. A v er­
age th e rm o m e te r 53, h ig h est 73 an d low est 35. M o n th ’s ra in ­
fa ll tw o inches an d e ig h ty -eig h t h u n d re d th s.
V ic k s b u r g , M i s s is s ip p i. —T h ere h as been ra in on fo u r days
o f th e p a st w eek, th e ra in fa ll reach in g one inch and fiftyseven h u n d re d th s. T h e th e rm o m e te r has av erag ed 56, ra n g ­
in g fro m 42 to 72.
L e l a n d , M is s is s ip p i. —W e h av e h a d ra in d u rin g th e w eek,
th e p recip itatio n being th re e inches and te n h u n d re d th s. T he
th e rm o m e te r h as av erag ed 50 1, th e h ig h e st being 74 an d th e
low est 35.
L i t t l e R o c k , A r k a n s a s . —W e have h a d ra in on one d ay d u r ­
in g th e p ast w eek, to th e e x te n t of th irty h u n d re d th s of an
inch. T he th erm o m eter h as ra n g e d fro m 38 to7 2, av erag in g 54.
H e le n a , A r k a n s a s . —C otton on overflow ed lan d s is tu rn in g
o u t w ell. F ro s t has o c cu rred d u rin g th e w eek. I t h as ra in e d
on fo u r days of th e w eek, th e p re c ip ita tio n b eing tw o inches
a n d tw elv e h u n d re d th s. T he th e rm o m e te r h as ra n g e d fro m
36 to 67. av erag in g 52-2. O ctober ra in fa ll one in ch , an d
tw e n ty h u n d re d th s, on fo u r days.
M e m p h is , T e n n e s se e . —K illin g fro st o ccu rred on W ednesday
m o rn in g , o r eig h t days la te r th a n th e average. Q n aran ine
re g u la tio n s have h in d ered receipts, b u t a h eavy m o v em en t is
ex pected n e x t w eek. R a in h as fallen on th re e days of th e
w eek, th e ra in fa ll b ein g tw o inches a n d th re e h u n d re d th s.
A verage th e rm o m e te r 53-9, h ig h e st 70-1 a n d lo w est 40-8.
D u rin g th e m o n th of O ctober th e ra in fa ll w as one in c h , on
fo u r days.
N a s h v ille , T e n n . —O ctober ra in fa ll n in ety -tw o h u n d re d th s
of a n inch.
M o b ile , A la b a m a . —H eav y fro st o ccu rred in th e in te rio r on
W ednesday a n d T h u rsd ay . W e h av e h a d ra in on tw o days
of th e w eek, th e p re c ip ita tio n b eing tw o inches an d th irty five h u n d red th s. T h e th e rm o m e te r has averaged 60, ra n g in g
fro m 43 to 76. P re c ip ita tio n d u rin g th e m o n th of O cto b er
tw o inches and tw elv e h u n d red th s.
M o n tg o m e r y , A l a b a m a .— F ro s t on tw o days. T h ere h as
been ra in on tw o days of th e w eek, th e ra in fa ll re a c h in g one
in ch an d e ig h t h u n d re d th s. T he th e rm o m e te r h as ra n g e d
from 48 to 68, averaging 58. D a rin g th e m o n th of O ctober
th e ra in fa ll reach ed fifty-five h u n d re d th 5
!.
S e lm a , A l a b a m a .— F ro s t occurred on th re e m o rnings in this
v icin ity , h u t n o t killin g . W e have h a d ra in on tw o d ay s of
th e p a st w eek, th e ra in fa ll being eighty-one h u n d re d th s of an
inch. A verage therm o m eter 56, h ig h est 74, lo w est 38.
M a d is o n , L l o r i d a . —C rop is m oving rapidly.
R a in has
fallen on one day of th e w eek, th e ra in fa ll reac h in g one in ch
an d eig h ty h u n d re d th s. T he th e rm o m e te r has av erag ed 68,
th e h ig h e st b eing 84 and th e low est 44.
S a v a n n a h , G e o r g ia . —W e have h a d ra in on one day d u rin g
th e w eek, th e p te c ip ita tio n reach in g tw enty-seven h u n ­
d re d th s of an inch. T he th e rm o m te r has ran g ed fro m 48 to
79, av erag in g 63. T he m o n th ’s ra in fa ll has- been six inches
an d eighty-seven h u n d re d th s.
A u g u s t a , G e o r g ia .— R a in h as fallen on one day of th e
w eek, to th e e x te n t of tw enty-seven h u n d re d th s of an inch.
A verage th e rm o m e te r 58, h ig h est 74 an d low est 41. O ctober .
ra in fa ll tw o inches an d sixty-tw o h u n d re d th s of an inch.
C h a r le s to n , S o u t h C a r o lin a . —W e have h a d th irty -o n e h u n ­
d re d th s of an in c h of ra in d u rin g th e week, on th re e days.
T he th erm o m eer has av erag ed 65, th e h ig h est b eing 78 an d
th e low est 53. O ctober ra in fa ll seven inches an d fo u r h u n ­
dredths.

THE OHKONKJLE.

N ovember 6, 185(7, j

883

S t a t e b u r g , S o u t h C a r o lin a , —L ig h t fro st o c cu rred on low
M a n chester
M a r k e t .— O ur re p o r t re c e iv e d b y c a b l e
grounds T h u rsd a y m o rn in g . I t h a s ra in e d on tw o days of to -n ig h t fro m M a n ch ester s ta te s th a t th e m a rk e t c o n tin u e s
th e w eek. T h e ra in fa ll h as been n in e ty -e ig h t h u n d re d th s of easy fo r b o th y a rn s an d sh irtin g s. W e give th e prices f o r
a n inch. T he th e rm o m e te r h as av e ra g e d 59-3, ra n g in g fro m to-d ay below an d leave those fo r p rev io u s w eeks of th is a n d
43 to 72. D u rin g th e m o n th o f O ctober th e ra in fa ll reached la s t y e a r fo r com parison.
five inches an d five h n n d re d th s.
1897.
1898,
G r e e n w o o d , S o u t h C a r o l i n a .—I t h a s ra in e d on tw o days
d u rin g th e w eek, w ith ra in fa ll to th e e x te n t of seventy-five
81* ti>*. S h ir t­ OoW n
S
32# Oop. in g t , com m o n i f id. 3 2 s Oop. 8 H slbs. mh ir t­ O otffn
in g , co m o n M id .
h n n d re d th s of an inch. T he th e rm o m e te r has ra n g e d fro m
Tw ist.
T w ist.
to fin e s t.
Vpldts
to fin e s t.
TJpids
46 to 66, av erag in g 56. O ctober ra in fa ll tw o inches an d
th irty -fo u r h u n d red th s.
a.
d. e. d .
d.
d.
e. d.
d.
a. d.
s . d.
d.
W i ls o n , N o r t h C a t o l i n a .—T elegram n o t received.
61316®7% 4 7 9 7 1%
O ot. 1 61,6 ®7% 4 1 » 6 7%
* 8 6 % f» 7 » ,, A 1 % » 6 8
*
ISg 6 U u 97<% 1 6 9 7 0 S 1
S
* T he follow ing s ta te m e n t we n av e also received by teleg rap h ,
" 15 6 % ®?3ie A 1 1 » » 6 9
*
6 % »7% 4 5 % 3 6 11
show ing th e h e ig h t of th e riv e rs a t th e p o in ts n am ed at
** 22 6 '-a 3 7»i, 4 l b i a 6 9
S - 6 % 9 7 % 4 5 9 6 10%
8 o’clock N ovem ber 4, 1897, a n d N ovem ber 5, 1896,
" 29 6 1 ,. # 7 >s 1 1 * 6 8
6 % 97% 4 5 9 6 1 0 % 4 « S *
| Xoe. 4, *97.
fe e t.
2*7
05
0 2
18

................A b o v e x ero o f g a u g e

N o t. 5 , '96.
Feel
3-3
2*5
0*8

26
19

*3*3

V lc k a b o r g .___
* B e lo w r e ro o f g a u g e .

N ov S 61 i, (*7% 4

1

®8

8

I n d i a C o t t o n M o v e m e n t F r o m a l l P o r t s . — T h e re c e ip t.*
a n d s h i p m e n t s o f c o t t o n a t Bombay h a v e b e e n a s f o l l o w s for
t h e w e e k a n d y e a r , b r i n g i n g t h e f i g u r e s d o w n t o N o v . 4.
b o m b a t e s c s t r r a . s o s t i n 'n e s r r # r o * r o c a t s a r s .

4

5% ® 6 1 1

41783

M o v e m e n t .—

18 9 7 .

C o t t o n C o n s u m p t io n a n d O v e r l a n d M o v e m e n t t o N o v . l t

—In o u r editorial colum ns to-day w ill be fo u n d o u r usual
overland m ovem ent re p o rt b ro u g h t dow n to N ovem ber 1.

I? 3 6 % » 7 S 1S
2

We h a v e receiv ed th i»
(Friday) ev en in g by te le g ra p h fro m th e v a rio u s p o rts th e
d etails of th e Sea Is la n d c o tto n m o v em en t fo r th e w eek . Thereceipts for th e w eek e n d in g to -n ig h t (Nov. 5) an d since
Sept, 1,1897, th e sto c k s to -n ig h t, a n d th e sa m e ite m s fo r th *
corresponding p e rio d s o f 1896, a r e as follow s.
S ea Isl a n d Co tto n

R eceipts to N ov. 5.

1896.

Stock.

T h is
T A u 1 Sin ce
S in c e
w eek. Sept. 1. w eek. S e p t. 1. 1 8 9 7 .

1896.

3,9 1 3 16.808
510
2,332
65;
482
T o ta l...... . ........................

4 3 40
94 8
185

3 0 ,9 2 0 1 7 ,6 9 6 2 0 ,1 4 1
5 ,2 2 4 3,011 4 ,3 7 4
495
426
9 36

4,1881 1 9 ,4 2 2

5 .4 7 3

3 6 ,639 2 1 ,1 3 6 2 5 ,4 5 1

The ex p o rts fo r th e week e n d in g th is e v en in g reach a to ta l
S h ip m e n t* th is w e ek. \ S h ip m e n t* inn** Sep t. 1. '
B eceip it.
of 1,095 hales, of w hich 445 bales w ere to G reat B ritain , 650
to France and — to Reval, a n d the a m o u n t fo rw ard ed
M u tt
T h is
- , ,
em
Tear (tre a t O onit T otal. 1 B0rrita in
Total,
n«mi.
Week
Sept, i
B r te n . n e n t.
•o N orthern m ills has been 574 b a its. Below a re th e exports
«.00O 1 .0 0 0
2 5 ,0 0 0 for th e week a n d sin c e September 1 in 1897 a n d 1896.
6.CNK*
1897: ..........

»>
1S 9 S ; ........ 1 2 ,0 0 0 12.* « ■
1895 1,000
Ui.OuO:
1541. .......... i,o O y 1,0 0 0 j

1 ,0 0 0
V On*
0 ,0 0 0

5 •,0 0 0

5 0 ,0 0 0 10.0 0 0
2 2 .0 0 0
20#
0«X» 3 ,0 0 0

15,000'

67,
1 0 1,00o
2-UJiM*

According to the foregoing Bombay appears to show
decrease compared with last year in the week"* receipts o»
4,090 bales and a Uorea** in ship neats of I®,®.* bsd«**,.«nd
theahipments since .Sept. 1 show » ■•.•••-/*** of 73,0 k! ball**.
f «**
The movement a t Calcutta, Madras and other India porta for
the last reported week and since the 1st of September, for two
years, baa been .n follows. “ Other ports" cover Ceylon,
Tutioorin, Kumachee and Cooonada,
a

ghipmmUS f o r lb*■«***.
0m*tS- |
c
Brent
BrUmim, netil. \ TomL
CW w K ar*
1 8 0 7 ......
1 8 9 6 ......
MMr m —
V*®7.......
1 0 $ .....
11 other®—
\T<m ......
1 8 0 6 .. a. * v

’»»»*
*

Tofml.

5,000
4,000

5 0O0
•5,000

1*000
2,000

5,000 i
6,000 [

*.,(-.hi
10,000

7,000
16,000

2.O0O
1,0 0

ftjlo o
9 000

13,000
18,000

18,000
27,000

7 .0 0 "
18.000 I

23,000
3 1.0OO

30,000
48,000

2.00*' :
3.000 j

•. . . . .

3,000
3,000
5,* MM) {

1 O* 0

1 8 9 3 ...........

0rim l | - j.
B r ita in . vkm m m ni.
...... |
1,OuO I

I
1 000 ‘
2,000 |

I,0€M>

T o ta l a n —
ISO? ........

Sthhjpmmms etmee &
ept, 1

T h e above to ta ls for the week show th a t th e movement from
th e p o rts o tb e r th a n Bombay ia 3,(W bale* less titan th e sam.
rt
w eek la st y ear. For th e w hole of In d ia , th e re fo re , th e to ta l
sh ip m e n ts since S ep tem b er l, 1897, and fo r th e corresponding
p eriods o f th e tw o previous y ea rs, a re a s follow s,
B x r o a i a t o s c a o p K m o u a m , **tHAS h ip m e n ts
to a ll E u ro p e
fr o m —

1897.

189b

Tht* j « m e t
w eek, j Sept. 1.

T h is
w eek.

1895

Sm
Sept.

Thu
w eek.

Sine*
Sept. 1

B o m b a y .........
A l lo th e r p o r t.

a 'o o o j

6 .0 0 0
3 0 ,0 0 0

1 2 ,0 0 0
0,0*10

5 0 .0 0 0
4 8 .0 0 0

1 0 ,0 0 0
6,UUO

5 0 .0 0 0
54O 0O

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

3 ,0 0 0 |

3 0 iWHl

1 9 ,0 0 0

1 0 7 ,0 0 0

2 4 ,0 0 0

104 0 00

B xport*
fr o m —

! Week S m tin g *
Wov. 0w| S in c e

Sept.

1, 1 8 9 7 . | N a rlh ’n M il e.

G r m r i: P r’neej
j G reat |: F r'nct]
„
, 1 S in e
.
lC
B riP n . | AC. \ t o t m | B rU 'n j| d . \ T otal. \ W ee' - S c p tA .

3iH>!

ns!

fo n t!. . . . j

44 s
u[

650| | 1,095: 2,214- 1,059 1 3,3 0 7 i

T otal 1 9 9 0 .. 1

6 05 j

50S! 1,110
50 5 **615
10 i. . . . . . . 1 to re
54)

S*v«iitt'lkt *tm
U ai«rrt'u,3t< 1
kc.
^ 0 r i r .. |
fjj ***on „. . . ,i
P u lla ,, «ku...

......

535:

\

5 1 9 | 1,89310
55
47 2
j . . . . ..

...........

554 i.r. >r.
0'I
521 . . . . . . j
6 2 j . . . ...
* •*•*»«f

571! 2 ,3 7 5

1
1 13j 0,$3o! 2.153 1 9.093I 2,768; 5 ,0 1 3

A considerable portion of the Sea Island cotton shipped t o
foreign pons goes via New York, and some small amounts via
Boston and Baltimore. Instead of including this cotton f o r
the week i n which it l e a v e s the Southern outports, we f o l l o w
the s a m e plan an i n our regular table o f including it w h e n
a c t u a l l y exported from New York, &c, The details of t h e
s h i p m e n t s of Sea Island cotton for the week will be f o u n d
u n d e r t h e head “ Snipping News,” on a subsequent page,
Quotation* Nov 5 at Savannah, for Floridas, common, 9c.;
medium fine, l(‘<>.: choice. Iii£c.
Ohari. - t o n . Carolina*, medium fine. 17 to iSe.: fine, 20c,:
f u l l v fine, 23 to 33c.; extra fine, 30 to 40c,; superfine,
50 to 60c.
L a r g e s t C o t t o n C a r g o . — T h e s t e a m e r M ilw aukee, w h ic h
clea red fro m f r o m N ew O rleans f o r L iverpool on O ctober 30,
c arried 23,814 bales of cotton, t h e larg est co tto n c a rg o ever
carrie d from an y U n ite d S ,a te s p o rt, In ad d itio n sh e c a rrie d
a q u a n tity of flonr, co rn , oats, staves, &c.
E x c h a n g e s . —T he follow ing e x c h an g es have been m a d e
d u rin g th e w eek:
0 8 p d . to e x e b . 1,100 J a n . for.M cb.
*03 p*l. to e x e h - 7(M< N ov, for l»*c.
■ U ort- to e x e u 5 0 0 N ov. fo r M ill.
■03 p d . to e x c h 3 0 0 M ay fo r J ill.'.
■13 pd. to e x c h . fOO N ov, fo r M ay.
•22 pd. n -e x o ft. 7 0 0 N ov. fo r S lsy .
m m pif, to exoli 3 0 0 D eo. feir J a n .
*17 pit. to e x c h . 0 0 0 J a n . fo r M ay.

•0s p d . t o e x e b , 1,10 0 J a il .f o r M oll.
•1« pd. to ex o b . 1>)0 Deo. fo r Mob.
•Oii ml. to e x c h . 7 0 0 .Ian. fo r N ov.
• 5 pit. to e x o n . 3 0 0 J a n fo r J u ly .
•lO p it to o x ob. 3 ,5 0 0 J a n .f o r M a y .
Oil pd. to e x c h . iwO N ov. fo r .Jau.
- h i pd . to »xel>. 2 0 " N ov fo r J a u .
-05 pd. to e x c h . 100 D ec. fo r J a u .

ALKXANDRIa ItttJRlPTs and S h ipm en ts . —Th ro u g h a rr a n g e ­
m e n ts we have m ade with Messrs. Davies, B en ach i & Co., of
J u t e B u t t s . B a g g i n g , & c , — The demand for bagging dur­
L iverpool and A lex an d ria, we now receive a weekly cable of ing the past week has been strictly moderate but prices have
th e movem ent* of cotton at Alexandria, Egypt. The following

are the receipts and shipments for the past week and for tht
corresponding week of the previous two years.
A le r o n ttr in , Penrol, |
|j
1895
11
A., -r,.,!,er 3
*
[
1597.
i ... .... .... . .
i
tM
1
309,000
10.900 |-j
T hi* w
m
b
i
3 i 0 ,0 0 0
50,000 1i 1,045 0 0
S te m - 8e>-pt. t . . . . . . . . . .
I , i i {>,000
f
. 1 T h is \ Sim .* ' l T h is i Mince j ' Thin J S in e
Sept. .
l ws&fe, \ M ept.t., I1 w m k . iSC pLte !1 w m k , J
|

21,000 [ 'At 000
, ! 0 , 000 - 7*5,000
......a. 10,000 h i,( p m 1 7,000\ 4t,0g*0j 11,000 : 42,000
124,000
70,000 108,000 ‘23,000,109,000 32,0001■
99
i«.
to 4 ra « rf c * In 1 8 9 7 , 4 ,1 9 ? b%le«: in 1 9 W , , 4,007 t ta le s; In

x « h i r m w m i ,•

* A m m tk i
* O f w h !rn
l l d $ ! 9,49*9 ^#l4A.
T h i*
s b o w i t h a t t h e r e c e i p t s i f or thi 1 w p n li e l i d i n g
N o v , 3 were • i0,000 oantars and the shipments to all Europe
3 0 ,0 0 0

been maintained. The close this evening is at
for
l?i lb-*., O jjC for 2 lbs. and 6 • c. for 2>4ibs. Car-load lota of
J ,
standard brand; are quote i at. 5?Jo. for 1% lbs,, o%6.
for 3 lbs. and 0;*,c. for 3% ibs. f. 0. b. at
New York. The market for jute butts ha3 been quiet.
Quotation* are *8"! *9oc. for paper quality, D^c. for mixing
and I Ye, for*spinning catting?, ail to arrive. Spinning cut­
tings on the spot arc quoted at. l 'B and paper quality at 1c.
c,
From Messrs. Ira A. Kip & Co.'? circular, we learn that the
deliveries of jute butte and rejections at New York and Bos­
ton during October were 17,948 against 12,603 for the same
month last year, and for the ten months the deliveries reached
A.6.73d bale; against 311,136 bates in 1896. The aggregate
stock in the hands of importers and speculators at: New York
and Boston on October 31 was 115 bales against nil at the cor­
responding data in 18; 'l and the amount afloat for the United
Kitties ranches 68,863 bales against 81,000 bales last year.

THE CHRONICLE

The Exports op Cotton from New York this week show a
decrease compared with laat week, the total reaching 11,544
bales, against 19,5H bales last week. Below we give ox i
usual table, showing the ) sports of cotton from New York,
and the iireotion, for each >t th-< last four weeks; also th#
otal 3sports and lirjotion linoeBept. 1, 1397, and in thr la»t
oolurna the total for the same o trio i of the previous year.
'

» * p o B T 9 o ea o rro t» (B ic,B S > Fito i s a w r o s < t t s o a s s e r
Week E n d in g —
E x p o r te d to —

0 el.

15
L iv e r p o o l..................... 10,2 5 9
1 ,4 9 5
O ther B r itish ports

T o t . to G t . B r it ' n . 1 1 ,7 5 4

Oct.

Oct. | N ov.
29
5.

22

l. is 7.

T otal
iin e e
Sept. 1 .

Sam e
p e rio d
p re v io u t
ye a r

7 ,7 3 0
2 ,8 5 9

3 ,3 4 5
2 ,2 8 4

53,505
12,961

5 5 .2 5 4
17.940

3 ,6 4 9 1 0 ,5 8 9

5 ,6 2 9

66,4 6 6

7 3 ,1 9 4

952

1,3 6 7
793

1,295
..........

12 ,9 9 8
193

4 ,6 7 9

2 ,1 6 0

2 ,1 8 4
1 ,4 6 5

H a v r e .............................
O ther F ren ch p o r ts ..

2 ,1 3 4

T otal F r e n c h ___

2 ,1 3 4

952

1,295

13,791

4,679

B rem en ..........................

2 ,4 6 0
3C0
2 ,0 5 0

2 ,3 1 8
975
400

2,5061 1 ,4 4 3
J,368| ........
1,628!
396

23 ,9 8 3
3,574
6,773

1 3 ,5 0 3
2 , 8 C0
8,365

T o t . to No .E d r ope 4 ,8 1 0

3 ,6 9 3

5 ,5 6 2

1 ,8 3 9

3 4 ,3 3 0

2 4 ,6 6 3

2,781

13,3 8 6

2 0 ,5 9 6
512

O ther p o r ts...................

S p a in , I ta ly , «feo..........
A ll o t h e r .......................

1,797

T ota l S p a in , A c ..

1,797

1,9 4 3

1 ,2 1 3

2,781

13,3 8 6

21,108

G rand T o ta l ___ 2 0 ,4 9 5 1 0 .2 3 7 19,5 2 4 1 1 ,5 4 4

127,9 7 3

1 2 3 ,649

1,943

1 ,2 1 3

at
New York, Boston, Philadelphia and Baltim ore for the pat.*
week, and sin ce September 1, 1897,

[Y

ol.

LXV

T otal baler.
N o r r o L K -T o L iverpool, per stea m er W lldoroft, 3,1183................ 3 ,6 8 3
To B elfast, per steam er m d ralem a, 1 ,1 0 0 ..................—
. 1,100
N ew po r t N e w s —T o Liverpool, per ste am er K an aw h a, 1 ,0 9 9 .. 1,099
B oston —
To Liverpool, per ste am eis O am orom au. 8 9 5 .......
G allia, 4 3 6 ..L a n ca str ia n , 4 0 0
N orsem an, 3 ,0 9 4 .......... 4 ,8 2 5
To H ull, p e r ste am er Chioago, 1,237 ..........................................
1 ,2 3 7
B altim ore — To Brem en, per ste a m e r B onn, 3 ,3 5 0 ....................... 3,350
I o R otterdam , per stea m er D elan o, 2 9 4 ......................................
294
P h il a d e l p h ia — t’o L iverpool, per steam er P eonland, 7 5 2 .........
752

S eattle

l o JapaD , per ste am er K inshiu M aru, 3 ,l o o ........... .

3,150

T o t a l ___________ _______________ ___________________ _______2 5 1 ,7 7 4

The particulars of these shipments, arranged In our usuaf
form, are as follows.
Other
B r e m e n O ther
L iv e r - U n ited
A H a m N orth S o u th
pool. K m g d . H avre, burg. E u r o p e .E u r o p e .J a p a n .
Nftw Y ork .
3, ’ 45 2,284 1 ,2 9 5 1,443
3 9 6 2 ,7 8 1 ...........
N. O rlean s.
2 0 ,9 3 0 2 ,6 3 7 8 ,- 6 0 17,7 0 3
7 ,0 5 0 9 .7 9 0 ...........
U alveaton .. 4 7 ,3 5 6
5 ,7 2 9 9,021 4.C98 ...........................
8 a v a n n a n ..
1 1 ,6 1 0 ......................... 16,1 3 1 1 1 ,1 7 5 1 1 ,2 4 0 ..........
B runsw ick.
5 ,3 5 0 .........................
C harleston. 5 ,0 5 3 ......................... 7 ,7 0 0 .......................................«
Port R oyal
8 ,9 6 5 ......................... 8 ,0 0 0
VVTlrningt’n
1 1 ,2 4 1 ......................................................................................
N orfolk
3 ,6 8 3 1 ,1 0 0 .......................................................................
N’X’t N ew s 1 ,0 9 9
>
........................................ .........................
B o s t o n ,....
4 ,8 2 5 1 ,2 3 7 ..........
a ltim o re.................... - . . . . . .
3 ,3 5 0
29 4
P h ila d e l’a..
7 5 2 ........................
B e a tt ie . . . .
...... ......
. . . . . . . . . . . . . . . . . . . . . . . . 3 ,1 5 0
.

834

T o t a l ....1 2 4 ,2 1 0

7 ,2 5 8 15,8 8 4 6 3 ,3 4 8 1 7 ,1 1 3 2 3 ,8 1 1

T otal.
1 1 ,5 4 4
6 1 .0 7 0
6 6 ,2 0 4
5 0 ,1 5 6
5 ,3 5 0
1 2 ,7 5 3
1 6 ,9 6 5
11,2 4 2
4 ,7 8 3
1 099
0 .0 6 2
3 .6 4 4
7 52
3 ,1 5 0

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

Below w e a d d th e olearanoes th is w eek of vessels c a rry in g
co tto n fro m U n ite d S ta te s p o rts, b rin g in g o a r d a ta dotvn to
th e la te s t d ates:
G alveston —To L iverp ool—Oct. 28—S team er A ldgate, 9 ,0 6 7

Oct. 29

—S team er H lghtield, t>,028___N ov. 2 —Steam er G overnor, 5 ,0 9 7
. ..N o v . 3 - Steam er T ropic, 7 ,2 6 2 ___N ov. 4 —S team er H arm an
W edel J a tlsb erg, 4,3 9 9 .
To Mar chefct^-r—Oot. 50 S team er H eronsoooL 8 ,1 1 1 .
To H a v ie - O c t. 2 8 —S'.eam er P em b rid ge, 8 ,1 3 2 ...O c t, 3 0 —S te a m er
B enrath, 9,7 1 7 .
P H IL A D IL P H ’A B a l t i m o r e
B o sto n
N nw Yo r k .
To H am burg—Oct. 29 S team er Z odiac, 1 0 0 ...O o t . 3 0 —S team er
Re cti pte
M ari8tow , 133
T h it
S in c e
T h it
S4nc«
T h it
Sinee
This
8< nc«
from —
To R o tte r d a m -O c t. 3 0 —Steam er D rum fell, 448.
S e p t.l. W i l l . 8 « p t . 1. w ee k. S i f t . 3. i Meek. M itt. i .
To G enoa—Oct. 3 0 —Steam er A nna M oore, 5 ,3 0 3 .
N e w O r l e a n s - T o L iverp ool—Ocr. 3 0 —S team er M ilw au k ee, 2 3 ,8 1 4 ....
4,713
..
81.863
H . O rle a n s...
....
Nov. 2—S team er Y u catan , 3 ,9 0 2 .
64,749
3,370
19,183
T e x a s ............ 12,340
To H a vre—Oct. 2 9 -S te a m e r W istow H all, 8 ,2 2 5 ........ O ct. 3 0 0,478
816
14,003
B a v a n n ’h h e 11,310 100, oeo
15.1J9
Steam er C o io o v a lo , 8 ,3 0 4 ___N ov. 3 —S team er C oncordia, 6 ,4 3 1
_ _
---- N ov. 4 —S team er Istrar. 1 1 ,9 7 4 .
M o b ile ........
........
To D unkirk—N ov. 4 - S team er A n tw erp C ity, 5 ,7 0 0 .
oo
4T6 ........
V lo r ld a .........
i o M a r se ille s-O o t. 2 9 —Steam ers A riosto, zOO.
1,803
17,011
S o . C arolin a
1,638
21,828
To B rem en—Oot. 2 9 —S team er H erm an n , 5 , 3 43 . . . . Ocfc. 3 0 - S t e a m e r
98i
4,394
..........
Y ork, 7 ,4 3 8 .
0.495
V i r g in ia .. ..
28.837
4.000
0,283
76
26.911
18.4*4
To C openhagen—N ov. 4 -S te a m e r s K en tu c k y an d Toledo, 2 ,1 0 0 .
W orth, p orts
..............
412
To T r ie ste—N ov. 3 S team er G ottfried Schenk^r, 4 .0 1 6
6,399
41.037
4,100
To G enoa—Oct. 2 9 - S team er A iio sto , 3 5 0 ___N ov. 3 —S team er G ott­
450
T e n n ., A c ...
8,203
J,460
2,787
1,398
15,962
13,147
6,701
fried Sohenker, 1 ,0 5 0 .
F o r e ig n .........
625
697
2,700
Mo b il e —To L iverpool—N ov. 1—Steam er Selm a, 10,2 4 9 ........N ov. 3 —
38,212 326,193 25,930
Steam er U n ion ist. 2,8 4 3 .
T o U l ..........
134,964
3,199
17,322
8,40? 1 46.615
To B r e m e n -N o v . 2 - Steam er D a lm a lly , 6 .8 4 9 .
Last r e a r . .. . 44.958 339,600 21.6*8 102,258 2.248
9,040
7,386
44,190 P ensacola —
To L iverpool—N ov. 3 —
Steam er G racia, 4,447.
To V era C ruz—N ov. 4 —S team er H e lo is, 50.
S
S h i p p i n g ! N e w s . —The exports of cotton from the Unite ^ Savannah — jo H avre—Oct. 3 0 — te a 'n e is A islaby, 7 ,7 4 0 upland and
3 9 5 S ea Tsland........E ifrida, 6 ,5 7 0 upland an d 1 10 S ea I s l a n d ....
States the past week, as per la te s t m a il returns, have reached
N ov. 2 —Steam er B riardene, 6 ,5 7 6 .
To Brem en—Oct. 3 0 Steam ers F eren ia, 5.450; Mt. H ebron, 6 ,7 3 0 .
154,771 bales. So far as the Southern ports are concerned these
To H am burg—Oct. 3 0 —Steanfer F eronia, 1,0 0 0 .
are the same exports reported by telegraph and published in B runsw ick — To L iverpool—N ov. 4 —stea m er Thirlmere, 4,301.
To B rem en —N ov. 4 - S t e a m e r H illb ook, 6 ,2 0 0 .
the C h r o n i c l e last Friday. W ith regard to New York we Ch arleston —To L iverpool—Oot. 3 0 —Steam er R oth etfield . 7,813 up­
lan d and 45 Sea Island.
i nclude the manifests of all vessels cleared up to Thursday.
To B rem en—Oot. 3 0 - s t e a m e r W hitburn, 6 ,8 8 0 .
To B arcelona—Oct. 3 0 —S team er G ien w ood , 5 ,7 5 0 .
« . . .
.
T otal bale§.
P ort R o y a l -X o L iverpool—N ov. 3 -S te a m e r F ram lield , 6 ,4 6 8 upland
N e w \ o r k —T o L iverpool, per stea m er B ovlc, 2 ,9 5 5 upland
an d 1 0 Sea Islan d .
and 3 9 0 Sea I s la n d .............................................................. ................ 3 345
W ilmington — To Brem en—Oct. 2 9 -S te a m e r H ix b y , 1 0 ,5 5 0 . ..N o v . 4 —
To H u ll, per stea m er Buffalo. 1 ,4 6 3 ......................................
1 4 63
Steam er Chatburo, 5 .8 6 8 .
To London, per stea m er Idaho, 8 2 1 ................................ *321
No r fo lk T o L iverpool—Oct. 2 9 —S team er W iidcroft, 312 (additional)
To H avre, t o r stea m er La C ham pagne, 1 .1 5 0 upland and
---- N ov. 2 —Strainer L am bert’s P o in t, 3 ,2 1 0 .
145 Sea Is la n d .......................................................
1 295
New po r t N e w s —t’o L iv er p o o l— ov. 4 —Steam er Shenandoah, 8 0 0 .
N
To B iem en , per stea m er H. H. M eier. 1 ,4 4 3 ............. 1 4 4 3
B o s t o n -T o L iverpool—Oct. 2 9 —S team er P av o n ia , 3 6 1 ....N o v . 2 —
T o R otterdam , ner stea m er Linda, 2 0 0 ........................................’
’200
S team ers Sachem , 1,024; V ictorian, 6 ,4 7 7 .
To A ntw erp, per steam er S ou th w ark , 1 9 6 ............................ *“*’
193
To Y a rm o u th -G o t. 2 9 —S team er B oston , 5 0 ___ N ov. 2 -S te a m e r
To Genoa, per stea m ers C alifornia, 8 9 9 ...F u ld a , 444
B o sto n , 59.
P aw nee, 3 0 0 .. ............................................................................... " 1 343
To N aples, per stea m er F ulda, 3 1 8 . ................... . . . .
* 48
B a lt im o r e — L iv e r p o o l-O o t. 28-S fcea m er Tkbal, 2 ,2 5 8 ....N o v . 3 To
3
Steam er Sedgem ore, 2,231.
To Trieste, per steam er P o ea sset, 7 0 0 ...................
700
To V enice, per stea m er Pooasaet. 9 0 ................. .............
To B r e m e n -O c t. 28—S te tm er B onn, (additional) 8 5 0 . ...N o v . 3 —
90
Steam er O ldenburg, 3 ,6 7 7 .
N e w O r l ea n s —To L iverpool, per stea m ers A stronom er,’ 4".9*25
To R otterdam -O o t. 2 9 - S t e a m e r U rbino, 2 03.
...N ic a r a g u a n , 4 ,7 5 0 . . . fa m p io a u , 7 ,0 1 2 ...W in , Cllfte,
4 .2 4 3 .
P h il a d e l p h ia - To L iv e r p o o l-O c t. 29—S team er W aesland. 849.
10,990
To M anchester, per steam er S alop ia. 2 ,6 3 7 ............... 1“’ *: ......... 2*637 San F rancisco —To J a p a n -O c t. 3 0 - S t e a m e r B e lg ic , 2 ,0 8 5.
To H avre, per stea m er Im aum , 5 .8 6 0 . ...................
.............. 8 860
Below w e g i v e a l l n e w s r e c e iv e d to d a t e of d isa ste rs to
To B rem en, per stea m ers M etbley H a ll, 7 ,4 5 3 ... Whet&tone,
10.0 5 0 ...................................... ..................................... .
17503
To H am burg, per stea m er M arkom annla. 2 0 > ........1!....................... 200 vessels c a r r y i n g c o t t o n f r o m U n i t e d S t a t e s p o rts, & c . :
To A ntw erp, per steam er Steam er Cayo Rom ano, 1 ,1 5 0
1 1 5 0 Ca r m a r t h e n s h ir e , steam er (B r.), a t H avre, from B altim ore, h ad th e
cargo m her ufterh old on tire w h ile a t se a , an d 3 4 bales o f c o tto n
To B arcelona, per stea m er M anila, 2 ,6 5 0 ...............................
2 650
w ere je ttiso n ed before the tire w a s e x tin g u ish e d .
To 1 enoa, per steam ors C hateau Y quem , 3 ,2 5 0 ....M a n ila ,
G
’
3 ,o o 0 .. . . . . . . . . . . . . . . . . . _. . . . . . . . . . . . . . . . . . . . . . . . . . . .
H 440
C o tto n fre ig h ts a t N ew Y o rk th e p a s t w eek h a v e b e e n
G a l v e st o n —To L iverpool, per stea m ers A tala, 9 299****"
’
G olden Cross, 5.711 ....M a r ia , 5 ,2 8 2 . . . . M ount Slrion*
as follow s.
9 ,4 ,2 ....B ib s t o n , 7 ,0 6 6 ....V e s t a , 6 .4 4 7 ____WakeHeld
4 ,0 7 9 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
47
To H avre, per stea m er B oxgrove, 5 ,7 2 9 . . , * . ............................. 5 7 S 0
B a tu r .
M on.
T u es. W ednes. T h u r s .
F rt.
To Brem en, per stoam er M aritim e, 8 .4 2 1 ............. . . " . ’".* *"' B 421
'ff. per stea m ers B o liv ia 1
( ,■nenK ... ** , r»
.
To H am burg, T1PT Htnamora RnNnia , 1 5 0 ___ Lauenburg.'lSO
6 00 L iverp ool,ask ed .d .
9 64
9«4
9S1
9. 4
9 64
To A n tw ern , per steam er F loren ce, 4 , 0 9 8 . . . ........
H a vre.......... ...........c.
35t
351
35t
35t
351
35t
a—ro L iverpool, p e r a te a m e str ith rd i i x o o t p i a u d
S a v a n n a h — to Liverpool, per steam errs tra tb o r d , 11,GOOiupland 4 ,098
B r em en ________ d .
351
at d 6 1 0 Bea Isla n d ....................................
ltnio
351
35t
351
351
35t
To BretneD, p tr stea m ers S tra th cly d e, 9 .0 8 1 V.'.Strathddn,
H am bu rg............. d.
301
301
30i
301
30t
30t
A m sterd am ..........c.
35)
351
35t
35t
35t
35t
To B e v a l, per stea m er WI*ii*a*m Bails,*7 ,1*2*5**.!......................... *2
1
K eval, v . Ham b..rf.
501
50i
To G othenburg, Der stea m er S beeroess, 4 ,0 5 0 .......... *................
4 050
501
50t
501
501
T o B arcelona, per stea m er F erndene, 6 ,7 4 0 . .
.............. 6 7 1 0
D o v . H u ll...# .
48t
481
481
48t
48t
48t
To G enoa, per steam er M anuka, 4 ,5 0 0 ................. .......................
R o tte r d a m ..........d.
351
35 i
35t
35t
35t
35t
B r u n sw ic k - T o t iverpool. per stea m er 8 t. F illans, 5 ,3 5 0 .'........ s ’u so
G e n o a ................... d.
40f
40t
401
C h a r l e s t o n —To L iverpool, per steam er E a stry , 5 ,0 0 3 upland
’
40f
401
40t
and 5 0 Sea Is la n d ................................................ .
T rie ste................... d.
7sa
732
732
7sa
7 32
7 S2
To Brem en, per steam er G lentnorven, 7 .7 u 0 . 1.................
7700
A n tw erp ............... d. l l C43 3 16 U e i ® 3 16 116 4 ® 3 ]8
P °RT Ko v a i , - To L iverpool, per stea m er W ernetk HaU,*8.9*65* 8 qrk
U 6 4 ® 316 11e4® 3i6 11e4'®s ie
7#7a g 13ftATt ?32
^
q
q
13ft4 H
»7Sg
l o Brem en, per steam er A lderlev. 8 ,0 0 0
' o ’nro G h e n t.v .A n tw ’p.d.
IL1HNGTON—To L iverpool, per steam er M agdala, 1 1 ,2 4 2 ........* x i 242
t C en ts n e t per 1 0 0 lb s.
T h e F o l l o w in g

are the

«

r o ss r e c e ip t s

of

Cotton

THE CHRONICLE.

N ovember 0, 1S97.]

885

L i v e r p o o l .— By cable from Liverpool we bare the follow ­ ^@ lc. lower for the day. Business in the spot market has
ing statement of the week’s sales, stocks, &e., at that port.
been active, exporters having been large buyers at a decline
in prices. To-day the market was active. The sales in c;tided
m . 15. | Oct, 2 2 . ; Oct. 2 9 .
ATop. 5.
No, 1 hard Manitoba at 9af£e. c, i. f, Buffalo; also No, 2 hard
win er and No, 2 Chicago spring on private terms.
S a le s o f ll>e w e e k ............b a le * .
tte.OOO!
3 8 ,0 0 0
5 6 ,0 0 0
63.000

.

O f w h ic h e x p o r te r s t o o k . ..
1,9 0 0
O f w h ic h s p e c u la to r s to o k .
1 .9 0 0
S a le s A m e r i c a n ...........................
6 0 ,0 0 0
A c tu a l e x p o r t ..........- ..................
3 ,0 0 0
..................
61,000
Total steak—Estimate*!..........' 261,000
O f w hich A m e ric a n —E s tra ’d.
1 8 2 ,0 0 0
T o ta l Im p o rt o f th e w e e k . . . .
4 1 ,0 0 0
O f which A m erican ..............
37.000
A m o u n t a f lo a t...................
2 8 6 ,0 0 0
O f w h ic h A m e ric a n ....
2 8 5 .0 0 0

2 ,0 0 0
300
5 2 ,0 0 0
3 ,0 0 0
61.000
248,000
3 1 0 ,0 0 0
9 3 ,0 0 0
hfi.ooo
2 9 1 ,0 0 0 ;
3 9 0 .0 0 0

2 ,5 0 0
300
4 9 .0 0 0
. 4,000;
66,000
351,000
2 7 2 ,0 0 0 '
1 3 8 ,0 0 0
117,018!
3 2 0 ,0 0 0
33.>,000

2,500
300
53.000
7,000
69.000
419.000
335.000
140.000
124.000
300.000
298.000

The tone of the Liverpool market for spots and f u t u r e s
each day of the week ending Mov. 5 and the daily closing
prices of spat cotton, have been as follows.
Spot.

S a rd iu j.

ito n d a y . T u e sd a y . WcdUUnj. T h u n d 'y F r id a y .

M a r k e t, )
In buyer*
1 :4 5 P. M ., Irregular. favor.
M id . U p l'd s .
P a l a*..............
P pee. & 0 x p .

3%

0 ,0 0 0
.0 0

F u lu r m .
M a r k e t, X W m * a t
2-6 ! de­
1 :4 5 v. M.(
cline.
M a r k e t, }
4. P. M, {

qm «L

Pair
busitness
iulufg.

3 J , sa

8*>M

1 0 ,0 0 0
500

1 0 ,0 0 0
500

Quiet.
8 t« d r.

Irregular.
3»,«
1 0 ,0 0 0

1,0 0 0

Easier.

In buyers'
favor.

3»s,

3%

1 2 ,0 0 0
1 ,0 0 0

10.000
1,000

Steady m Q uiet a t Steady a t Quiet a t
•-r-t * 4 . l-« 4 m Z U l~m de­ partial! r
4 eel ic e.
cline.
s tm&&*
t - m dec.
Q uiet but Irregular.
stead 7 .

Steady.

Steady.

T h e p ric e * o f f u t u r e s a t L iv e r p o o l f o r e a c h d a y a r e g iv e n
•b e lo -v . P r i c e s a r e o n t h e b i s t s o f U p l a n d s , L o w M i d d l i n g
c la u s e , u n le s s o th e rw is e s ta te d .
Th* prim .* am . ijie e n it* p m m a n d (SitA*. T h u s : 3 0 3 m e a n s
3 QS-04dLt a n d 4 01 m e a n s 4 £-<> id .
N a t.
S o ffb ?

.71 o n .

T u .« ,

W ed.

T h u n ,

F ri.

D A IL Y CLOSING P R IC E S OS’ N O . 2 R E D W IN T E R W H E A T .
M on. T u e s .
W ed. T h u r s .

S a t.
N o v e m b e r d e liv e ry ... . . . 0. 99%
D e c e m b e r d e l i v e r y . . . . . c . 100%
J a n u a r y d e liv e ry . ......a . 100
M ay d e liv e r y ................ . . . o. 96%

d.
313
3 11
3 11
3 11
3 11
3 12
3 13
J 14
3 1.5
3 16
3 17

d.
3
3
3
3
3
3
3
3
3
3
3

12
10
10
10
11
12
13
14
15
16
17

<1.
Z
3
3
3
3
3
3
3
3
3
3

12 3
1 0 ,3
10 3
1013
113
113
12 3
11 3
n 3
16 3
IT 3

4 . j d.
113
jo 3
00 3
09 3
10 8
11 3
12 3
13 3
14 3
15 3
US 3

11
00
oa
09
iO
11
12
13
11
15
16

=3 ^

97 %
97%
98
93%

98%
98%
98%
94%

F ri.
96*2
9 6 78
97
93%

The speculative interest shown in the market for Indian
corn futures has been small and no changes of an important
nature have occurred in values, the fluctuations having been
within narrow limits. Early in the week there was a frac­
tional advance in prices on a decrease in the crop movement
as a result of the wet weather in the W tst, which stimulated
some buying to cover contracts. Subsequently, however, in­
creased offerings together with weaker advices from the
West and sympathy with the decline in wheat caused a re­
action. To-day the market was quiet but steady. The spot
market has been active, a large export business having been
transacted. The close was active. The sales included No. 2
mixed at 32’s'e. f. o. b, afloat.
DAILY CLOSING P R IC E S OP NO, 2 M IX E D CORN.
H on.
Sal.
T ues.
Wed. T h u rs.
N o v e m b e r d e liv e r ? .., . . . o - 30%
30%
30%
d* .
30%
D e c e m b e r d e liv e r y .. — o. 31%
31%
31%
31%
35%
S la v d e l i v e r y .. —. ___
34%
34%
w5

F r i.
30%
31%
34%

Oats for future delivery have been slightly more active1
and despite the reaction noted in values for wheat and corn,
[triees for this grain have advanced slightly on an increased
disposition to buy stimulated by continued large purchases
for export, a comparatively small movement of the crop and
stronger advices from the West, where shorts have been buy­
ing to cover contracts. To day the market was quiet but
about steady. The spot market was active, as exporters were
large buyers. The sales included No. 2 mixed at 24; ^c. in
elevator. No. 2 white at 27c. in elevator, and No. 2 white,
clipped, at 28;'-0. f. o. b. afloat.
DAILY GLOSING I-RICBS OF NO. 2 MIXED OATS.
Sa l.
M on .
T u ck .
W rd. T h u rs .
- - .......21 %
24 i
Hot.
2 a>a
24%

I2 h
1 1:45 -l 1:45 l 1:45 4 1:45 4 '1:451 4
i \ M. P, Me f p. Me' 1*. M. IR Me:P. M. p. m. J\ M, P.M- P.M. P.M. P.M.

d.
d.
d.
d.
d. ' d.
4.
O c to b e r . . . 3 21 3 21 .................... ..............
O c f c - h o r . — A 10 3 10 3 15 3 1 5 3 IS 3 15 3 14
N o v .-D ee — . 3 13 3 13 ! 12 3 13 3 13 3 13 3 12
D e c . J a n ___.3 13 3 13 3 12 3 13 3 13 3 13 3 I t
Jftn .-S V b . .. 3 13-3 13 3 12 3 13.3 13 3 1. .1 11
F eh.-M nh ___(3 13 3 13 3 13 3 18 9 13 3 13 3 V
M c h - A p r il. 3 14 3 14 3 14 3 14 3 14 3 U 3 13
ip rU - M a y .. 3 15 3 15 t US 3 15 3 15 3 t > 3 1 4
M a y J u n e . . . 3 10 3 l< 3 i o 3 h i :i if. 3 l* 3 n
J n n e - J n l y ... ;3 17 3 17 3 17 3 17 3 17 3 17 3 16
J o ly - A n ir . . . 3 18 3 13:3 18 3 1 -.3 18 3 1 - 3 17
V
;
.................... i 1 - 3 l ’< i l-< : '■» J 1 -

99%
99%
99%
93%

Rye has had a fair export sale at steady price.
been quiet but steady.
Tbe following are closing quotations;

F r i.
24%

Barley has

FL O C K .

Rue........................... $2oo® 3

Patent, Winter.......$5 00 ®5 35

10

S u p e rfln o .................... 3 10 ®3 30
C ity m ills, e x t r a s . 5 6 0 ® 5 7 0
E x t r a , No. 2 ................... 3 5 0 a 3 75
Ttye flour, s u n e r tin e 2 0 0 * 3 55
>
E x t r a . No. 1 .................. 3 4 0a 4 10
B u ck w h eat, f l o u r .. . 1 4 0 ® 1 5 0
C l e a t s ............................... 4 2 0® 4 5 0
C o rn m eal
S tr a ig h t a .......................... 4 60®5 10
W e s te rn , c to .......... 1 7 5 ® 1 83
P a te n t,. S .p rin _ ....... 5 00 ® 5 50
g
B r a n d y w in e .
190
(W h e a t h o u r In s a c k s s e lla a t i>rle«» b elow th o s e f o r b a rre ls ,
O B A IN .

BREADSTUFFS.
F riday, November 5,1897,
Only a very moderate volume of business has been trans­
acted in the market for wheat flour, as a reaction in wheat
values lt«*ts iiad a tendency to check the demand, buyers
having limited their purchases to only such supplies as have
been needed to meet their current wants. Prices for the low
grades of winter-wheat flour have held steady owing to th>ir
comparative scarcity, hot other grades have weakened
slightly in price. City m ills have been quiet but steady.
Bye floor has had a moderate sale at steady values. Buck*
wheat floor has been quiet lint steady at unchanged prices.
Corn meal has had only a limited sale, but prices have been
unchanged.
There has been less activity to the speculative dealings in
the market for wheat futures, and there baa been something
of a reaction from the advance iu prices noted last week,
largely the result of selling by the big Western operators, and
realizing salts bv longs have also had a weakening influence
upon values, Saturday there was a fairly active market(
and on buying for outside account and rumors of a large ex­
port business prices advanced, closing %(‘ ''£c, up for the day.
X
Monday th- market was easier under moderate selling
prompted by the fail of rains throughout the West, thus
breaking the drought existing there and improving crop con­
ditions in the winter-wheat belt, Tbe visible supply showed
an unexpectedly large increase, and this was also
against the market. Tuesday war a holiday. Wednesday
prices advanced doting early Change in response to stronger
foreign advices accompanied by buying orders. Subse­
quently, however, after the foreign baying bad subsided, the
m a r k ' ? turned weaker under realizing sales by Ionas and
selling for Western account, closing with prices %(4ic. lower
for fisc day. Thursday tbe market opened steadier, then
weakened and declined sharply, following* downward plunge
to prices in the Western market and the close showed prices
%(rt
lower for the day. To-day tbe market was weaker
under liquidation by longs in the uear-by deliveries while the
distant positions held steady on moderate buying, closing

W h ea t—
Spnnir, per h a s h ..
Rod W inter, N o. 2.
R od w i n t e r .............
N orthern, No. 1 . . .
Oat»— M ix’d .p r r b sh .
W h ite ...........................
N o. 2 m ix e d ............
N o. 2 w h ite .............

a.
e.
C om , p e r bush—
o.
94 * 1 0 3
W e ste rn m ix e d ............... 3 0
97%® 99%
N o. 2 m ix e d ...................3 1
9 3 * 100%
W e ste rn Y e llo w ............. 3 2
W e s te rn W h ite ............... 3 2
0 7 V ® 98%
2 4 * 25
R y e—
W e s te rn , p e r b u s h . . . . 5 0
2 5 % * 32
s t a t e a n d J e r s e y ............50
2 4 % * 25%
27 S 28
B a r le y —W e s t e r n ..............5 0
F e e cU h it.............................3 5

o.
*33
*32%
® 34
*34
955
*55
® 55
937

The movement of breadstuffs to market as indicated in the
statements below is prepared by ua from the figures of the
New York Produce Exchange. The receipts at Western lake
and river ports for the week ending Oct. 30, and since Aug.
1, for each of the last three years, have been as follows:
tieceipti a t -

Flour.

iriicuf.

Ci»-n.

Oats.

F arley.

Rvt.

B b u i m i h s \n m h . m w s R m h M W s M tishM lbs BushA B lbs B u 66 lbs.
C h ic a g o .......
M ilw aukee
D ulu th .. . . . . .
M inneapolis
T o l e d o , ,, ., . .
D e t r o it . . . . . .
C le v e la n d .. .
St. L o u is . ..
P e o r ia ......... .
Kansas City.

60.850
<2,451
164,5.50
4,098
1,084
12,050
35,9X2
27,0*0
5,700

842.076
2i6.850
1,171/21
8.483,500
156,05)3
109,244
31,638
245,489
10,2(0
667,500

2,017,659
109,950
90,905
200,100
130,252
127,119
67,314
SCO,335
376,800
239,.S O
C

1,728,505
193,000
87,000
323,130
33.115
10S,40»
78,207
210,030
141,8(0
63.000

582,657
453,000
227,035

149,205
53,170
38,374

23,329
111,225

........
33,371

60,343
37,800

5.6C7
600

Tot.w k.O T.
Sam e w k .'W .
Sam e wit.’95.
Since A u g . 1.
1807,.............
1806.............. .
1 8 0 5 ,. .. . .. ,. .

34 5.05S
36O,30F
271,497

7,027,204
7,52-M 52
8,590,160

3.874,731
4,744,788
2,305,285

2,907,19!
4,720,147
3,405,925

I, m 1,987
2,402,308
1,883,443

287,327
317,102
147,002

5S.M8.613 7 P,870,4 03 61,274,506 12,342,054
78,345,060 51,530,681 60,140,979 13,391.309
78.136.314 32.S06.724 47.656,308 18,648.088

4,351,281
2,993.089
1.313,704

2.771/90
3,981,900
3.774,580

The receipt-? of flour and grain at the seaboard ports for the
weekended Oct, 39, 1897, follows:
Receipts a t —
N e w Y o r k .....................

Boston...................
Montreal . . . . . . . . . . .

Flour,
bMs.

178,688

4P,n.*>3

bash.

com ,

hush.

1,000,700 1 ,0 11,MOO
2 1 6 ,- 6 8

........ ...

724.127

P h ila d e lp h ia . . . . . . . .
B a lti m o r e . . . . . . . . . .

44.476
80,471
fc1, m08

891.154
210,851

N ow O r l e a n s * . . . —
N e w pojr t M O w e.. . . . .

9,218

211,076

89,000

Hiebunuid— .......

2.27H

9,800

Galveston , . . . . . . . . ........
Charleston..............
1,629
T o t a l w e e k . . , . , , 495.12* 4,003.620 2,019,284 2,221,120
W e e k iHlHj,.................. 481,668 1,678,608 3,835,985 2,475,003

335.670
608,621

873,933

* itsceipt* do not Include grain passing through New Orleans for foreign
p o r t* o n t h r o u g h b ills o f l a d in g .

THE CHRONICLE.

83(3

i Vw,. D iV ,

Total receipts at ports from Jan. 1 to Oot. 80 compare as packages, valued at $116,744, their destination being to thepoints specified in the tables below :
follows for four years:
Receipts o f —

1896.
9,300,692

1895.
14,068,820

1894.
16,793,098

50,664,148
76,351,048
69,718,953
7.141,926
4,768,869

33,979,752
42,775.060
35,900,778
2,338,039
403.S93

49,003,967
35,950,912
37.690,450
3,005,936
402,966

204,685,844

115,397,502

138,114,231

1897.
...b b ls . 21,248,548

W h e a t ................. . ..b u s h . 83,138,701
“ 101,477,219
C o r n ....... .
... ..
*
75,468,144
Oat*
......... . . . . . .. *
“
10,139,162
B a rle y ...........
**
8,914,328
R y e ..............
♦ T ota l frratn... ,

"

339.137,544

N o rfo lk ...........
. 381,213
M ontreal
Q&lveston — , 440,000

Corn,
bush,
469,607
25,423
387,210
193.716
358,451
~26.000
139,236

.8.399,704 1,599,642
.1,895,924 2,431,206

H o u r,
m e.

R ye,
hush.

Oats.

bush.

125,776 1,022,084
43,883 100,566
1,520
48.145
39,200
02,052
00,020
4^,180
5,989

130,304

Peas,
bus/..

9,480

G re a t B r i t a i n ____„________

49,598

309.318
207,208

32,539
135.788

3 ,2 1 2
2 ,1 8 3
8 7 ,3 7 6
4 ,5 4 8
2 8 ,5 2 3
1 5 ,2 9 0
1 0 ,9 3 5
2 ,3 6 6
8,2 1 3
4 4 ,4 6 6
3,601'

2 2 6 ,1 6 0
1 6 ,1 6 6

2,4 6 4

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

2 4 2 ,3 2 6

2 ,4 6 4

2 4 5 ,5 5 8

22,307

311,205 1,589,981
242,677
624,183

12
28
1 63

2,3 8 8
........

686
126,157

3 ,8 4 0
2 ,9 6 2
1 0 1 ,8 0 6 ’
1 1 ,8 4 6
2 0 ,6 5 4
1 7 ,6 9 4
1 2 ,645
2 ,9 0 0
6,9 3 0
4 o ,4 9 I
4 ,3 8 8

2 52
4
5 00
541
4 04
40
31
49<*
106

........

201,131
118,800

38,000
1 ’ ,617
4,214

18

3 M n a ........................... .
I n d i a ...... ............................... ......
A ra b ia ..........................................
A fric a
................... .
"Vest I n d ie s ..............
M e x i c o .............................. .......
O e n tra l A m e r ic a ....................
S o u th A m e r ic a ...............
O tn e r C o u n tr ie s __________

t o t a l ......................... ........... _ 2 ,388

Parley
bush.

____. . . .

42,857

1896.
W eek. M n c e J a n . 1.

T o t a l . . . .................... .
C h in a , v ia V a n c o u v e r * ,..

The exports from the several seaboard ports for *he week
ending Oot. 30,1897, are shown in the annexed statem ent:
W heat,
rt— bush.
3,137,780
314,057
B o ston ... .
C barlest’n.S.G: 84.000
. 340.432
163,997
. 557,035

1897.
W eek. S in c e J a n . 1.

N e w Y o k e t o N o v . 1.

261
37
2 57
35
2 30
1,3 6 1
100

F ro m N e w E n g la n d m illD O in t s d i r e c t

The value of the New York exports for the year to date-

49,594

ha.: been $8,86",861 in 1897 against $9,393,698 in 1896.

The destination of these exports for the week and since
There has been an indifferent home demand for brown
September 1, 1896, is as below.
sheetings and drills, and buying for export has again been on
Vlii, XI. ^
a very restricted scale. Sellers have been very easy to deal
-------- 1 lour. -----------,
E xp o rts fo r
W eek Since Sept.
f.' W e e k S i n c e S e p t , with and prices show much irregularity, although there is
c
O c t. 30
1. 1897.
\ceek a n d since OcL 2K .
>
1,1897.
b ush.
b ush.
Sept, 1 to—
Kbit.
bbls.
stid an absence of open reduction in prices. Similar features
623 179 13,99'.201
U oltoo K ingdom 200,nsfi
1,375,*>48
The demand for
923,750 11,317,173 are shown in brown ducks and osnaburgs.
Continent. .
50„709
SM,5l«
90
75,284 bleached cottons continues very indifferent. Neither jobbers
S. St C. Am erica*
38.355
221186
22.557
317,-817
W est In d ies..
*8.011
171.027
26,950
89,029 nor the manufacturing trade are plating orders of an y
Brit. N. A. Ooi’ s.
2,090
3 t 8**8
71,275
3,110
28,757 moment and prices are weak in all but protected tickets.
Other cou n tries.. 32/484
67,457
The demand for coarse colored cottons is slow throughout
T ota l . . .
.. 341.205
2.228,432 3,329,704 32.023,909 1,509,642 25,817.264
T o ta l 1 8 9 6 ....-242 677 2.225.057 1,095,924 35,583,713 2,431,200 28,603.638 and prices are in favor of buyers in all descriptions.
Sales
The visible supply of grain, comprising the stocks in of wide sheetings, cotton flannels and blankets have been
granary at the principal points of accumulation at lake and slow without change in prices. Kid-finished cambrics in ­
seaboard ports, Oct. 30,1897. was as follows:
active and barely steady. Prints have been in restricted
Oats
W heat
Corn,
Bariev
Rye.
demand and both staples and fancies are tending in favor of
bush.
bush
.bush
bush,
I n store a t—
bush .
Staple ginghams dull and barelv steady. Fine
3,062,006
10.764,600
4^7.000
N ew Y o r k ..................... . 2,879.orr
231.t0b buyers.
W ,000
12,000
66,000 18,000
Do
afloat.*.
ginghams well sold for spring. There has been a poor de­
160,000
125,000
10 000
A l b a n y ..........— . . . .
2,406,000
6^5,000
209,000
1,095.000 mand for print cloths and extras have declined l-16e. to
B uffalo . .. . — -------- 1,639,000
Do
a flo a t.—
3 5-16c. for spots.
3,377.666
20,659,000
799,000
2,317,000
408,000
C h ic a g o . •
Do
a flo a t . . . .
M ilw a u k e e .............. .
Do
a f l o a t . , ,. .
D u lu th . . — . — . . .
Do
a f lo a t . . . . .
T o le d o .................. .
Do
a f lo a t .......
,
D e t r o i t ...
Do
a f l o a t . , ,, ..
O sw ego....... . . . . . . . . .
St L o u is ....... ...........
Do
a flo a t.. . . . .
C in c in n a t i,...,...........
B oston . .. . . . . . . . . . . . .
T o r o n t o . . . . . . . .. — ..
M ontreal.
P h ila d elp h ia ...............
P e oria .
........
In d ia n a p o lis . . . . . . . . .
K ansas C ity. . . . . . . . .
B a lt i m o r e .....— . . . .
M in n e a p o lis ..............,
O n M ississippi B lr e r
On L a k e s ..... . . . . . . . .
On can al and iT r e r ..

225,000

35J.OOO

55 000

132,0 Of

67*000
278,000

46 000
362.000

731,000

853,000

469,000

407*000

£6,bob

237,006

82,000

23,000

34,01.0
1,396.™
130 000
6.01 0
914,000
51,000
454.000
943.00'’
3,000
19;-,000
1,033,000
1.320,000
6 188,000

150,000
1,500,000

5,000
672,000

2 3,000
. 9-3.000
49.000
1,707,000
187.000
164,000
*360,000
803,000
1,072,000

17,000
99,000
4.000
276,000
213.000
83.000
3i,0Q0
78.000
246,000
3,080,000

1,628,000
440,000

?,070,OOO
292,000

2,516,000
405,000

156,000
92,000

T otal Oot. 30,1897 20 974,000
T otal O ct. 23,1897,21 622,000
T otal O ct. 31, 1896 .6H.rt7P.000
T ota l N o r . 2,1895 52,990,000
T ota l N ot . 3,1894 80,027,000

45,098,000
44,772,000
19*84-1,000
4,854,000
2,658,000

15,364.000
15,868,000
11,751,000
4.999,000
9,373.000

3,442,000
3.251,000
2 544,000
1.064,000
444 U O
O

THE

DRY

GOODS

58,000

101.000
31,000

2,000

64,00c

57,000

13,000
26,0Gi
3,000

19,000
211,O K
C

18 9 7 ,
OcL 3D.
4< 0 ,0 0 0
r 91 OOO
6 7 4 ,0 0 0

1898,

18 9 5 .

1 894,

Oct. 31.

Nop. 2

Nov. 3.

8 3 ,0 0 0
4 6,0C0

4 1 ,OCO
I 2 ,tn 0
1 0 5 ,0 0 0

133„<300

1 5 8 ,0 0 0

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

The general market f o r imported
merchandise has been quiet. Seasonable stocks are quite
irregular, but for spring supplies o f dress goods, silks, rib­
bons, hosiery, underwear, etc., prices are as a rule w ell
maintained.
F o r e i g n D r y G o o d s .—

I m p o r t a t i o n s a n d W a r e l i o u s e W i t h d r a w a l s o f s> r» « . . n a s

The importations and warehouse withdrawals of dry goods
at this port for the week ending Nov. 4, 1897, and since
January 1, 1897, and for the corresponding periods of last
year are as follows :

3,817.0(0
6,00 ',00 C
2,373,000
3,8Lu,000

IfffH

Si i Pi S
pi;

TRADE.

P. M,, N o v . 5, 1897.
The week’s business has been broken in upomby the excite­
ment in connection with the elections and the holiday on
Tuesday. This interruption probably reduced business very
little, as there have been no indications of any better demand
coming forward than for some time past. The general run
of buyers are still apathetic over goods fur seasonable distri­
bution and have been less enterprising than before in provid­
ing for spring requirements. The mildness of the weather so
far is a serious drawback, as it retards the distribution by
retailers of seasonable merchandise and thus arrests supple­
mentary business with jobbers and in the primary markets.
The cotton goods division is weak, raw cotton is still declin
ing and emphasizes the tffectof slow selling. Print cloths
have this week touched a lower price than ever before re­
corded for them, extras selling at 3 5-lfSe. per' yard. In the
woolen goods division of the market business has been quite
slow in men's-wear fabrics and quieter than of late in dress
goods, but prices remain firm.
W o o l e n G o o d s . —The situation in the men’s-wear fabrics
division of the market is unchanged in e U respects. There
has been only , a small business coming forward in either
staples or fancies for the spring season and the mild Weather
so fat is evidently exercising some influence over the views
of buyers. Agents do not. however, betray any uneasiness,
i he market is ui
well sold up on "light weights and
there are no cancellations coming forward to disturb mat*
ters. Prices remain firm all around, although there is no
further hardening tendency noticeable just now in either
suitings or trouserings, Both overcoatings and cloakings
have ruled dull but prices are maintained. Flannels and
blankets also dull, with previous prices maintained. Dress
goods are much quieter so far as demand goes, but the tone is
stall firm.
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 Nov. 1 were 2,888
N ew

'

T o t a l s t o c k ( n i a o e a ! .. .. 1 ,6 6 5 ,0 0 0

13,00(1

•225.000

1,000
87.000
296,000
113 000

S to c k o f P r i n t O lo th s A t P r o v id e n c e , 6 4 sq u a res
A t F a .ll K i v e r , 6 4 s q u a r e f . .
A t E a l l R i v e r , o r t r i s i z e r ___

K
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'1

THE CHRONICLE.

N ovem ber 6, 1897,j

and

C ity DEfAHTMEMT,

TERM S

8 ta ts

OF

S U B S C R IP T IO N ,

The I nvestors’ S upplement will he furnished w ithout
extra charge to every annual subscriber of the Commercial

F inancial Chronicle.
The State a n d City S upplement will also be furnished
tint he u I extra charge to every subscriber of the Chronicle.
The Street Railway Supplement will likewise be fu r­
nished without extra charge to every subscriber of the
Chronicle.
The Quotation S upplement, issued monthly, will also be
furnished without extra charge to every subscriber of th e
Chronicle,
TERMS for the Chronicle with the four Supplements
and

above named are Ten Dollars w ithin the United States and
Twelve Dollars in Europe, which in both cases include*
postage.
________
Terms o f Advertising—(P e r inch spare.)
O n e t i m e ......................... ............* 3 5 0 | T h r e e M o n th * <13 t i m e s ! ..$ 2 5 0 0
O n e M o u th
, l tln»r*.i.. 11 0 0 I S I* m o n th s
(2 S tim e » > .. 43 0 0
T w o M o n th s
(8 t s r o c n ., 1 9 0 0 i T f i w M o n th s (5'2 tim e s ) . 58 0 0
T h e A t,o re te rm * lo r o n e m o n th a m i u p w a r d s a r e to r s t a n d i n g c a r d s .

M r X I' I P A L 8 0 XD S A L E S /.V OCTOBER,
The municipal bond market during the past mouth
lias been rather quiet, as is evident from the small
amount of the securities sold. According to our
records the aggregate of the sales for October
was fb,454,303. This total does not include $026,000 of temporary loans reported, which, as ex­
plained on previous occasions, do not properly belong
in the list. There is a marked decrease whether
compared with the previous month (#9,272.691)
or with October of previous years, excepting in 1896,
when the low total of $4,688,463 was occasioned by
the silver agitation and the pending Presidential
election.
There is also a marked falling oil in the number of
sales when compared with the previous months, there
being but 112 municipalities issuing bonds with an
aggregate of 135 separate issues, as against 179 (cover­
ing 230 separate issues) in September and 159 (covering
188 issues) in August. Prices continue firm and
strong, and all sound securities find ready and willing
bidders. Many of the larger houses arc seeking in­
vestments for their money in the West, and several
propositions for the refunding of large issues of bonds
have recently been made, and await official action.
The principal sale of the month was that of the Bos­
ton loan, amounting to $1,558,000, awarded to Harvey
Fisk & Sons, New York, at 102-197. Others of $300,000
and over were the Buffalo loan of $571,946 awarded to
Parkinson & Barr, Boston, at 101-031, and the Queens
County, N. Y., loan of $340,000 awarded in part to
J. If. Bonnington at 109-44 and in part to Bertron &
Storrs. New Y'ork, at 108*64.
In the following table we give the prices which were
paid for October loans to the amount of $5,958,762,
issued by 94 municipalities. The aggregate of sales
for which no price ha been reported is $495,631, and
the total bond sales for the month $6,454,393. In
the case of each loan reference is made to the page of
the Chronicle where a full account of the sale is
given.
Oc to b er Bom )

n m ^ k l h r n n f , N. ¥ ,
.....
e m ^ M t r n t i f , H . Y.
...M
/ ^ . . A r a p a h o f C« 10O14
O.
Dint
iN. JO
L
D istr ic t . . . .
6 # 3 L . B ig r m p v U M M I Z 7 .

b a e e b

M itts.
4
4

M a tu r ity .
1808*1.017
1498*1017

4%

im n -m ii

4H

.

A m o u n t.
P ric e .
# 2 5 ,0 0 0 196*625
101-80
1 0 0 .0 0 0 l 110*00
135.000

102-07

20.000 105*50
5,000 105-02

P age,
L o c a tio n .
7 4 4 .. B lo o m in g to n I

887
S a te .

4
7 9 0 ..
31*
7 9 0 ..
3H
7 9 0 ..
7 9 0 ..
4-H
S3SL. B ro o k h a v e n (X. Y .)
S ch o o l L is t. N o. 1 .. 4
7 4 4 .. B uffalo, N. Y...~.......... 3i*
8 36 B u ffa lo , N . Y ................ 3%
8 3 6 .. B uffalo, N . Y ............... 3 H
6 9 4 .. B u rlin g to n
(Io w a )
S chool D is tr ic t........ 4
7 9 0 .. C a ld w e ll, O h io ............ 6
74-1...C a rn e g ie , P a . . .............. 44*
7 4 4 .. ChU U eotho, O h io ........ 5
7 9 0 .. C le v e la n d , O h io .......... 4
S 3 6 . C le v e la n d . O h io .......... 4
7 4 4 .. C le v e la n d , O h io .......... 4
7 9 1 -. C ollege H ill, O h io ___ 6
7 9 1 .. C o lleg e HSU, O h io ___ 5
sre; ..C o rre e tio iiv ille , l a . . . 5
8 3 7 .. D a n v ille . S'a................. 5
745. D e e k e rto w n , N . J ___ 4
7 9 1 .. D e d h a m . M a s s .............. 4
6 39 . D n n m o re , P a ................ 5
7 9 1 . E lm ira . N. Y ................. AH
889 . F a ll R iv e r, M .tus......... 4
74.*,.. F in d la y , O h io ............... 6
7 9 1 .. F o * to r la . O h io .............. 6
8 3 7 .. F r a n k f o rt. K y ............ 4*4
7 9 1 .. F r a n k lin C<>.. O h io ... 6
8 3 7 .. F r e e p o rt. N. Y ------4
. 7 4 5 .. G a lv e s to n , T e x ___«.. 5
I 7 0 1 .. G ra fto n , W. V a ........... 5
837 H a y iie id . M u m ............ 5%
(194 . H e n d e rso n , M in n ........ 5
7 4 5 .. J a m e s to w n , N. Y ........ 3ha
7 4 5 .. J a m e s to w n , N. Y ........ 5
6 9 4 .. J o h n s to n (R. 1.) 8eh.
D is tric t No. 1 ............ 4
8 3 7 .. K e n to n , 0 ....................... 8
9 3 7 .. K e n to n , O ............. ........ 6
6 0 1 .. K in g s b u ry (N. Y.l U n.
F re e 8«1». jS let. No. I 4
8 9 0 .. L e e Co, (Iti.) I n le t
Sw am p
D r a in a g e
D i s t r i c t ....................... 6
7 4 5 . L e x in g to n , M aes.......... 4
7 4 5 . .L ib b y iM out.) S ch o o l
D is tr ic t No, 2 1 .......... 6
7 4 5 . .L in c o ln , N o b ................. 5
7 4 5 . .L in c o ln . N eb ................ 6
745 .L in c o ln (N eb.) S c h o o l
D is tr ic t......................
5
7 4 6 . M a ra th o n . N . Y ............ 4
7 0 2 . M a rie tta . O h io ............. 6
* 9 0 . M arlo n Co., O h io ........ 6
7 9 2 . .M a rs h a l, M ic h ...........
4
880. .M a rtin ’* F e r r y , O hio
is su e * )..................... 6
792.
d le to v ru . O h io ....... 5
792 M o n ro e v ille , O h io ___ 5
838. M o n ro e v ille , O h io —
5
095. M o n tg o m e ry C o,, A la, 5
792. .M o n tg o m e ry 0 0 .. M o. 0
792. . M oiiU oiK N n,.) I r r i g a ­
tio n D is tr ic t.............. 6
6
838. ,M t. M o rris, N. Y ......... 4Q
70S. .M o u n t V e rn o n . N .Y
4
8 0 0 . .N e v a d a C ity , C a l ___ 6
746. .N ew B rig h to n IS. I..
N. Y .i, U n io n F r e e i
S c h o o l D is c N o. 3 .. 5
7 4 8 . .N e w B rig h to n iS. I.,
N. Y .i. U nio n F r e e>
5
S chool L is t, N,,. 3
7 0 2 . .N ew B ru n s w ic k , N. J . 4
8 3 8 . .N e w to w n (N. Y.) U n.
F r e e S c b . D iet, No. 1 4
7 4 6 . •N o rth H e m p s te a d (N.
Y .t U n io n F r e e Sell.
D lst. N o. 3 ................. 4
8 3 8 . •N o. T o n a w a n d a . N .Y . 5
7 4 6 . O g d o n sb iirg , N . Y ___ 4
891 .O r to n v tllc , M in n ...... r>
7 0 2 . •O sw ego, N .Y .............. 3 H
8 3 8 . -O v erp eo lt T w p . <N .J.|
S chool D i s t r i c t ........ 5
5
8 3 8 . .P a r k Co. iM orn.) A id
r id g e s c h o o l D ls t... 6
8 95. . P h llm o n t. N. Y ........... 3-85
3-05
740. .P le a s a n t R idge, O hio. 5
8 9 2 . . P o m e ro y , O h io ............ 5
7 4 7 . .Q u e e n s C o u n ty , N. Y. 4
7 9 2 . ■ a le ig h , N . C ............... 5
R
8 3 8 . .R a lls Co. (M o.)........... 4
8 3 9 . •B aU aC o . (M o.)............ 4
8 3 9 . .R a lls Co. (M o.)........... 4
47H3. .R o c k v ille C e n tre ,N .Y . 3-70
7 9 3 . R usoU e. N. J ......... ..
4
095. .R ic h m o n d C o., N. Y . . 4
8 9 2 . S a n B e r n a r d in o Co
(C al.) B ro o k e S chool
D is tr ic t........................ 7
7 9 3 . .S a n d u sk y , O hio. ........ 5
7 0 3 . S a n d u s k y , O hio........... .5
992. .S a n d u sk y Co., O hio
(2 I s s u e s ) ..................... 0
0
696.
5
7 0 3 . .S u lliv a n Co., M o......... 4
703. SO U nnorvU le, D a
5
.8 we« f n rnxs Co. .M on. 0
.T a u n to n , M a ss............. 4
7 1 7 . .T e rre H a u te , I n d .......
4
747. .T h ie f
R iv e r F a lls ,
M inn ........................... 6
0
747. T o tte n v llle , N. Y ........ 3%
AH
7 4 7 . •T o tte n v llle . N. Y........ A h
79.-!. .T re n to n , M o ............... 4 xa
839. .V ic to r, C ol..................... 7
7 0 3 . W arre n , It. J ................. 4
8 4 0 . W a te rto w n . N. Y ........ 4
7 9 3 . .W a u sa u . W is ............. . 5
■ I . W rleU er O ily , l a . . . . . .
7 4 8 . , W o o ste r, O hio ........-. 55
8 -1 0
W-ood C o ., W. V a ........ 5
"
748. W u rts h o ro , N. Y .......... 4

S

M a tu r ity .

A m o u n t.

P rice.

1909-1912
J u l y 1 ,1 9 1 7
O ct. 1, 1 9 1 7
J u l y 1, 1927
189 8 -1 9 2 0

$ 3 5 ,0 0 0 100-40
9 5 8 ,0 0 0 ) )
1 0 0 ,0 0 0 ■102-197
500,01)0!)
1 0 2 ,0 0 0 1 0 7-8219

*1905
O ot. 1, 1 9 1 7
O ot. 1, 1902
O ot. 1, 1917

6 ,5 0 0 102-06
6 0 .581 103-51
5 7 1 ,9 4 8 101-0 3 1
1 2 ,7 9 9 103-095

< 1902-1907
1 9 1 2 -1 9 2 2
O ct. 1 ,1 9 0 7
Q *t. 1, 1926
G ot. 1. 1907
1898 -1 9 0 7
O ct. 16, 1917
N o v . 1, 1 9 2 7
1926
1898-1905
1900-1909
-1 9 0 7
N ov. 1. 1927
1898-1903
1906-1911
11017-1927
11399
*1909
1917-1937
11907-1917
O ot. lf>, 1902
O at. 1 ,1 9 0 7
1907
1 8 9 8 -1 9 0 2

3 5 .0 0 0
1 5 .0 0 0
12.000
8,000
9 0 ,0 0 9
1 9 9 .0 0 0
220.000
1.317
3 .5 0 0
3.0 0 0
5 5 .0 0 0

101-50
104106-06
10 7 105111104-93
108- 5 0

1 66
907
05
59

110

100
110-64
1.000 103-50
20.000 101-92
1 4 .0 0 0 107-60
2 9 .0 0 0 1 1 0-515
2 5 .0 0 0 11 2 5 .5 0 0 1093 .0 0 0 101
1 3 0 .0 0 0 1 0 0-0846
1 ,4 0 0 100-25
1 5 .000 103-3 0 7
200.000 100
10.000
2.000

102

N ov. I, 1927
S e p t. I , 1907
189 8 -1 9 0 2

1 7 .0 0 0
3 ,0 0 0
3 ,0 1 7

103-2 7 9
100
1 00

1910-1924

1 5 .0 0 0

105-025

5 0 .0 0 0
10.000

65
09

10400
108-187

*1900

1917

10 0 5 .0 0 0 10-1-32
6.000 l o o m s
10,000 101- 76

<1907-1917
1907 1 9 1 7
1 902-1905

3 .5 0 0 101-143
2 6 ,0 0 0 100
4 4 .0 1 5 100

1 9 0 7 -1 9 1 7
1899- 1926
1898 -1 9 0 7
189 8 -1 9 0 2
1917

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

101-20
103110104103-

1 399-1903
1 898-1907
1 9 0 0 - 1912
1 902-1927
1938
1 808-1902

7 90
4,665
8 .5 0 0
1 8 .0 0 0
5 0 ,0 0 0
7 .5 0 0

10 5 10405
105-88
111107-07
104-

*1906
1940-1943
1 8 9 8 -1 9 3 5

3 ,5 0 0
1 4 ,0 0 0
4 0 .0 0 0
5 7 .0 0 0

95
105-655
114-2 6 6
100-87

1898 -1 9 1 2

1 5 ,0 0 0

11008

1 898-1905
m v . 1 ,1 9 2 2

8 ,0 0 0
9 8 ,0 0 0

100-64

1 9 1 3 -1 9 2 7

1 5 ,0 0 0

107-78

1 3 .100

101-23
103-25
104*955
107

75

1899-1912
O o t 23. 1912
1 808-1917
1917
1898-1902
1907
1902
1902-1921
1 8 9 8 -1 9 0 7
189 8 -1 9 0 7
O ct. 15, 1917
O ct. 1, 1927
!1902-19.17
11907-1917
H 9 1 2 -1 9 1 7
1902-1913
J u ly 1 ,1 9 1 7
O c t 1, 1922
1 001-1902
1890 1908
1901-1911

i o . ooo

4 1 ,7 5 0
1 5 ,000
15,000
1 ,0 0 0

103-41

10010

102-50

1 ,5 0 0 1 00
1 1 ,000 100
2,000 103*55
1 2 ,0 0 0 102-291
i 109*44
3 4 0 ,0 0 0 ■108*64
’
50,000 109*327
75,000 n o o

125,000 no o

100,000 no o
1 2 ,0 0 0 100
2 0 ,0 0 0 100
4 0 ,0 0 0 111-78

1,200

2 ,5 0 0
1 8 ,0 0 0

106-50
10606
108-09

1 8 9 8 -1 9 0 0

2 ,5 5 0

102-745

1809-1901
<1902-1917
B o v . 1. 1927
(1 0 1 2 -1 0 1 7
J u n e 1. 1907
1917

6,000

101-25
100
102-777
109
10-1-171
105-03

1907
1907 -1 9 3 2
1907-1931
11 902-1017
1 907-1012
189 8 -1 0 2 2
1907-1919
*1000
1912
O ct. J . 1927 .
1:902-1018

1 5 0 ,0 0 0
5 0 ,000

10,000

1 8 ,0 0 0
7 0 ,0 0 0

8,000 100-625
20,000 100-21
12,000 100-24
3 7 ,000 100-251
5 0 ,0 0 0 100

8 0 ,000 104-89
1 3 ,000 100*08
1 2 ,0 0 0 101 -912
1 5 .0 0 0 100
5 ,0 0 0 I 1 -00
.1
9 0 ,0 0 0 100
7 ,0 0 0 103-095

5125
8177
60
20
1 25
461
549

THE CHR0JN1CLE.

888
Page.

L ocation.

8 4 0 .. W y a n d o tte , M ich........

Male.
6

540.. Wyandotte, Mich...... 5

5 4 0 ..

Y o u n g sto w n , O h io ...

M a tu r ity .
1902
1 9 0 7 -1 9 1 2
1 8 9 9 -1 9 0 2
5

A m o u n t.
$ 6 ,0 0 0
8 ,0 0 0
1 ,4 0 0

P rice.
1 04-096
1 04-096
103-0393

T o ta l ( 9 t m u n ic ip a litie s , c o v e r in g 1 1 4 se p a rat© iss u e s)— . ...... ................... *...................--- $ 5 ,9 5 8 ,7 b i
A g g re g a te o f s a le s fo r whiobt n o p ric e lias
b e e n r e p o r te d (20 m u n ic ip a litie s , c o v e rin g
4 9 5 ,6 3 1
21 s e p a r a te is s u e s ) ................... - ......................
T o ta l b o n d s a le s f o r O c to b e r, 1 8 9 7 ................$ $ 6 ,451,393
* A v e ra g e o f d a te s o f m a tu r ity , r S u b je c t t o c a ll In a n d a f te r th e
e a r lie r y e a r a n d m a tu r e in t h e l a t e r y e a r. $ N o t in c lu d in g $ 6 2 6 ,0 0 0
of te m p o ra ry lo a n s r e p o r te d a m i w h ic h do n o t b e lo n g in th e lis t,
f T h e s e b o n d s w e re so ld a s p a r t o f a re f u n d in g o p e ra tio n , a n d t h e c ity
p a y s $ 5 ,000 a s c o m iie n s a tio n fo r th e s e rv ic e s o f th e p a r t y c o n d u c tin g
th e o p e ra tio n .

In the C h r o n i c l e of October 9, 1897, page 693,
list of September bond sales amounting to 19,229,591
will be found. Since the publication of that state­
ment we have received the following a iditional reports:
a

ADDITIONAL SEPIEMBBK BOND SALES.
P rice.
A m o u n t.
M a tu rity .
P age.
L o ca tio n .
R a te .
8,0 0 0 102
7 4 4 .. C o lfa x C o., N . M .......... 6
1 5 ,0 0 0 103
..........Enosbui-g, V t................ 4
3,200 [ 101-875
1 9 0 1 -1 9 1 6
7 4 5 .. H a gersto w n , M d ...........
1101-55
7 0 3 . . 5 a n D ie g o Oo. (Cal.)
8 0 0 108-125
M a la ra 8eh. D is t—
8
6,0 0 0 109-50
1 8 9 8 -1 9 0 7
7 9 3 . .S h iis ta C o u n ty (C a l.). 7
7 9 3 . . 5 te v e n s Co. (W ash.)
6 ,5 0 0 100
1 9 0 7 -1 9 1 7
S cho o l D iet. N o. 5 3 . 6
7 9 3 ..T u lare Co. (Cnl.) L ew is
600 102-334
C reek B ehool D ie t.........

ioos-ib’di

A d d itio n a l s a le s fo r S e p te m b e r........................................ $ 4 0 ,1 0 0
A d d itio n a l s a le s f o r S e p te m b e r—n o p ric e r e p o r te d .
3 ,0 0 0
T o ta l a d d itio n a l s a le s fo r S e p te m b e r..................... $ 1 3 ,1 0 0

These additional loans will make the total sales
(not including temporary loans) as reported for Sep­
tember 1897 amount to $9,272,691.
Delray (V illage), Mich.—Incorporation Granted.—On
October*36, 1597, the Board of Supervisors of Wayne County,
by a vote oE 25 to 18, decided in favor of incorporating Del­
ray as a village.
New York City.—Jamaica, N. Y.—Northffeld, N. Y.—
Trregvl irities in Accounts.—On October 26,1897, Comptroller
Fitch gave out the following statement concerning the re­
port of the expert accountant engaged in investigating the
accounts and records of the town of Jamaica :
“ It has become quite evident, as the result of the work
already done by the expert accountants appointed by the
Comptroller, under the provisions of Chapter 669, Laws of
1897, that it will be necessary for the Comptroller to contest
many of the issues of bonds by the municipal corporations
to be consolidated with New York City.
“One of the reports recently presented by the expert ac­
countant engaged in investigating the accounts and records
of the town of Jamaica shows a remarkable condition of
affairs in connection with the accounts of that town. He
reports:
“1, That in the office of the Clerk of that town there is no
system of indexing and recording papers on file; that there is
no record of the several bond issnes, as required by Chapter
685, Laws of 1893, as amended by Chapter 350,.Laws 1895,
“2. That the cash accounts of the several Supervisors do
not show the status of the several appropriations; that
moneys appropriated and raised for specific purposes have
been paid out for general purposes.
“3. That the Board of Supervisors of Queens Countyon
March 19. 1897, authorized the town of Jamaica to issue
$450,0 10 in 4,7 bonds, and authorized the Supervisor of said
town to sell said bonds at private or public sale and to charge
for his own fees 1%for receiving and paying out the proceeds.
That Slid bonds were sold at private sale Dy the Supervisor,
and that be paid himself the commission of 1%out of the
proceeds. That said resolution of the Board of Supervisors
also directed the Supervisor of the said town to pay out of
the proceeds of the bonds the interest which should fall due
on said bond > prior to a new tax levy, and to include the
amounts so paid in the town budget for 1898.
114. That after said bonds were sold a contract was entered
into for the work of macadamizing the highways of the town
at an estimated cost of $457,233, and a further con tract for
the engineering expenses was made at the rate of 5< of the
t
contract price.
‘ 5, That up to Oct. 1.1897, there had b « n paid out of the
proceeds of the bonds for commissions to the Supervisor,
V, W, Dvtnton, to the Commissioners of Highways, for In­
spectors’ fees, land damages, legal services, interest on bonds,
s c ,, $16,357 32, making, with the contract price and the
engineering expenses, estimated at $32,861 67, the total sum of
$496,481 97. That the interest of the $450,000 bonds deposited
in the bank amounted Oct. 1, 1897, to the sum of $1,331 51;
that thereby it would appear that the expenses connected
with the contract work exceeded the appropriations therefor
by the sum of $45,109 46, and to that extent there is a de­
ficiency in the funds.
“ 6. That the Supervisor of the town of Jamaica has over­
charged for work done in 1896 in making a copy of the assess­

[VOL, LXV

ment r o ll; that his bill for the same is $1,753 51, when, ac­
cording to legal rates, it should have been only $869 70,
making an overcharge of $1,8-3 81. That said bill was
audited and paid by the County Treasurer; that, as a matter
of fact, the work was done by others for Mr, Dunton, for
which he paid only $450.
“ 7. That the interest on bank deposits has not been
credited by the Supervisor since 1890.
“ 8. That money which should have been collected from
the Long Island Beal Estate & Investment Company for
rental of fire hydrants has not been paid or collected.
“ 9, That on June 11, 1877, the town of, Jamaica leased a
strip of land about thirty feet wide and four miles long for
ninety-nine years to the New York Woodhaven & Bockaway
Railroad Company for $300 per annum, which, on a 5 per
cent basis would represent the value of the land to be $4,000.
“On May 8 the town of .Jamaica conveyed in fee simple to
the same railroad corporation a strip of land 150 feet in width
and four miles in length, which included the land leased, as
above stated, for a consideration of $3,334, On the basis of:
valuation on which the lease was made thig property must
have been worth at least $2 >,000.
“ It also appears that leases of the common lands have been
made on extremely unfavorable terms, one having been
.made for a term expiring Dec, 31, 1942, and another to begin
at that date, to run until 1992.”
It is proper to say that the above charges are denied bythe officials of the town of Jamaica.
W ith reference to the town of Northfield, Staten Island, a
report by one of the expert accountants says that on June 4,
1897, the Commission of Highways and the Town Board
of Northfield joined in a petition to the Board of Supervisors
of Richmond County, requesting authority to issue bonds for
constructing certain highways. The Supervisors passed an
act authorizing the Supervisor of the Town of Northfield to
issue gold bonds of the value of $150,000 at
per annum,
to mature in June, 1937, The act authorized the Supervisor
to dispose of the bonds at public or private sale, as he might
deem for the best interest of the town, at not less than par;
the proceeds to be paid to the Supervisor, and the money
realized disbursed by him for the purpose of paying the cost
of making the improvements autnorized by the act and for
the payment of the expanses incurred under its provisions.
The experts have now discovered, it is claimed, that the
minute book of the Town Board contains no references to the
sale of the bonds. In a ledger opened by the Town Clerk
there is a statement that “ 150 bonds of $1,000 denomination
were sold to E, D. Shepard&Co. at $118, realizing the sum of
$177,000”; that in the same ledger E P. Doyle, Supervisor of
Northfield, is charged with “ on account to bind contract for
sale of bonds, $5,000”, and that there are found deposits in
the United States Mortgage & Trust Company amounting to
$173,000, making a total of receipts for bonds sold of $177,000.
The Town Clerk says that the bonds sold at private sale.
Serious questions now arise, the experts point out, as to the
authority of the Supervisors, and the manner in which the
bonds were issued, which w ill make necessary further in­
vestigation of the several issues of the various towns, which
will occupy all the time which w ill elapse prior to January 1,
1898, and may extend for a much longer period of time before
the exact status of the bond issues can be ascertained,
Whatcom—Tairliaven, Wash. — Consolidation. — It is
stated that the question of consolidating Whatcom and
Fairhaven w ill most likely come up at the December elec­
tion for settlement.

Bond Proposals and Negotiations this
week have been as follows;
Akron, Ohio .—Bond Sale.—Oa November 1, 1897, th
$10,000 57 refunding school bonds were awarded to the Citi
zen's Savings and Loan Co., Mansfield, at 104-5325. E-ghtean.
bids were received, ranging from 103 to 104-69. The highest
bidder not being present, and not furnishing any guaranty,
the bid was rejected. Bonds mature November 18, 1902.
For further particulars see Chronicle October 16, 1897, p,
744.
Americus, 6 a .—Bond News.—W e are informed that the
$35,000 water works and sewer bonds, recently authorized
at a special election, w ill bear interest at
payable in
New York or Americus, in gold. Principal w ill mature in
3 >years from November 15, 1897, the date of issue. The date
of sale has not yet been determined. It is stated that the city
has been enjoined from issuing these bonds and that a hear­
ing has been set for 8 a . m . to-day,
Ann Arbor, Mich .—Bond Sale.—On October 18, 1897, the
$12,503 25 5 %sewer bonds were awarded to the Farmers &
Mechanics’ Bank, Ann Arbor. Bonds mature in four equal
annual payments. For further particulars s&e C h r o n i c l e ,.'
October 2, 1897, p. 639.
Ashley (Borough) Pa .—No Election.—We are informed by
D. E, Frederick, Secretary, “ that there will be no vote taken
this election for the issuance of $8,000 57 bonds, as it was not
advertised in. time.”
Ashtabula, Ohio.—Bonds Defeated—On November's, 1897,
the citizens of Ashtabula voted against the proposition to
issue 840,000 bonds for a new school building.
Athens (V illage) Ohio .—Bond Offering,—Proposals will be
received until 12 m, November 15, 1897, by W. B. Gold in.
Clerk, for the following bonds:

N ovember 6. 1897, j

THE CHKOJNTCLE,

889 ,

former election and sold to the Oakland Bank for Savings at
lfo , and then declared illegal on account of the advertise­
ment appearing but three times. They will mature one
One bond of each series w ill mature March 1, It 98, and one bond for §200 annually. G. A. Harris, District Clerk, in­
bond every 6 months thereafter on March 1 and Sept. 1. forms us that the bonds w ill be advertised for sale about the
Interest will aiso be parable on March 1 and Sept. 1. middle of December.
Dumnore, Pa. - Bond Sale— On October 36, 1897, f 14.000 of
Bonds are issued pursuant with Sections 3304 and 28015, Re­
vised Statutes of Ohio, and authorised by ordinance passtd 3* funding bonds were awarded to W. J. Hayes & Sons,
April 7, I'-O
T. Both principal and interest are payable at the Cleveland, at 107*00. Interest w ill be payable May and
First National Bank of Athens or at the Importers’ & November and the principal will mature §3,000 on November
Traders’ National Bank, New York City. Separate bids 1.1900, §3,300 on November 1, 1903, $3,500 on November 1,
1906, and $4,000 on November 1, 19C9.
m o s t be handed in for each issue.
Durango. Col.—Bond News.—In reply to our inquiry re­
Big Horn County (W yoming) School D istrict No. 19.—
Bon it O ffrm fi.— Proposals w ill be received until 2 p, m. De­ garding rbe sHe of $103,500 ( f refunding water bonds Mr.
cember* 1, ISO7 (time extended), at the County Treasurer’s Duke M. Parson, Chicago, says: “ We did not purchase the
Durango. Col., bonds, although such a statement was made
office. Basin City, for $900 8£ 10-year school bonds.
Boston. Mass. - Loan Orders Vetoed.—Mayor Quincy has in some of the papers.”
Ediaboro, P a .—No New Loans —In response to our in­
declimd to aj prove of a loan of §?,< 00 for asphalting Claren­
don Street, between Boylston Street and Commonwe alth Ave quiry as to whether the statement contained in one of the
papers that a loan of §2,000 had been recently authorized was
Hue, and one of $l",G 0 for improving Fayette Street, between
Church ar,d Ferdinand Streets. Also an §8/00 loan for im­ correct. Mr. M. Phelps, Borough Clerk, informs us that they
proving Carleton Street. Berwick Park to West Newton are issuing no loans.
Him wood Place. Ohio .—Bonds Voted.—On November 3,
Street, a §0,000 loan for extending Winthrop Street (Charles­
tow n), and one of §5,000 for fencing around Ruler endec ce ! 1897, the people of this village authorized the issuance of the
Square. The loans are part of loan orders of §04,000 and $15,000 water-works bonds by a vote of 248 to 183.
El Paso, Texas.— Bond Election.—An election will be held
$46,0 0 respectively, passed recently by the Common Council,
and they have be* n disapproved by the Mayor to avoid ex December T. 1897. to vote on the question of issuing the fol­
hausting the city's borrowing capacity for the present calen­ lowing bonds: $30,009 for school improvements, $39,0 0 for
funding outstanding indebtedness and $30,000 for a new City
dar year.
Bow ling Green, Ohio.—Rond Election.—An election ; HalL
Enosburg, Vt. -Bor d Sale.—Full information is at hand
will be held December 8, 1897, to vote on the question of
issuing §.>',000 bouds for the construction of a sewer system. | concerning the $15,ut0 •!:. bonds sold Sept. 20, 1897, to the
Bozeman, Mont.—Bond Election,—An election will beheld People's Trust C in pane of St. Albans at 103. Bonds are
Novemter . Y 5897, to vote on the proposed issuance of dated f'.M1 t fiZ‘5 f . L. .. ..and .mature A. 1annually..commencing
f. fi.
t
... *
.
Iv October "1, 1397, .ft. _ ..... 9 $3001 .. . 3f . D. . 1 1 .
S
.
.
1 t
1
§36 1)00 of bonds to pnrciia.se water works. Bonds if issued October l, 1902, Interest, payable April and October, both
will bear interest at H. payable January 1 and July 1. and principal and interest being payable at the Boston Safe De­
will mature in 20 years, subject to call in 10 years. Both posit and Trust Co. of Boston.
Fairmont, Minn—Bond S ite.—On November 1,1897, the
prim-ip * and interest will be payable at either Bozeman or
1
§10.000 5; water-works bonds were awarded to F.irson, Leach
in New York at the option of the purchaser.
ltrookhaven Sch el District No. J, stony Brook, N. V.— & Co.. Chicago, at 101*41. Following are the bids:
B o n d 'a le .—Whaan & Schles'nger, New York, have been i Kawon, Loach * c«.. ehi«a*o..ioi*u D uke M. Ear-son. C liiea go. . . . . .100*27
.1
•
r
C icago
1‘J H
tveJaoa, 100*07
awarded §6,0k> 4*7bonds at 102*06. Bid# were received from 1N. W . oHnaa r ;-. (* t Cv.. k h.. . . . . .. imI-a i* W. W V^rvs.~0«., Gfe*
E.
W in
.
an
...............I(W
OO
Walter Stanton & Co.. New York, at 100*5') and the First. ; c w w , ur&i.......................... ................. ..... ....., cm
8. A. Ivcsan. JR,
101-13*
!«t*0.................. 1(»*00
98*60
National Bank of Pert Jefferson a! 100*50, Interest will be
fe"i,1 Co*'aiBfB!*■ I S r * **
v
I
payable May and November and the principal matures in !
' ’ “ ............. j.....
Bonds mature §1,000 annual! v beginning August 1,1898.
:7M years (average).
Interest payable February and October.
Charleston, 8, C.—B- w it Propsrd .—Tiie Ways and Means
Committee have reported favorably on the issuance of 4 Q i I Fall River. Mass.—Bond Sale.—On October 29, 1897,
30-year coupon bonds for the purpose of refunding the 6s ; §23,0 0 4; registered water renewal bonds were awarded to
Bertron & Storrs. New York, at 112 63. Following are the
bonds due in 1898.
Chicago, III, Bond I m tt.- On January 1, 1898, this city bids :
B
Parker Scv c i B..s to n ,. . . .! 12.139
C o.. o
Mill issue §l<t“,(H> 4 s refunding bonds. ‘They will be for • B eT Pner V Co., .BS e w Y o rk ...
I rtro A f t m oston....
11.1,.
it On.. * o*r Y o r k .. 112*0?
§1,0*0 each, dated January 1, l-*<98, and will mature January v-iam. * c.>.. Boston ' .r..’!!.it2m i!jiii». w . L cnM teeet a' < ...........................
.
........... w r -n« n , w. Lcnistreot'A Co.. Bast..J11-833
’ “ , b,.. i .n
,
e
1 ,191s1 Interest will be payable in January and July at the | Blodiret........ Co.. B5$7l"St.-vr.**!iliit 1I£“ scmLLmt lIji ,tco..Ss w Y o r k .tlil* <7
.
Kfi5ES°«iSr Ao s to n .............l.t»*n Parson, , e aici C o ., ..................I l "
M .jrrllt
Co.. B oston . HS*M
American Exchange National Bank, New York. The total
Bands are dated November t, 1897, with interest payable
debt of Chicago including this issue, is $17,0*8,650, equalized
valuation is *232,026,660, and the population (estimated) May and November. Principal matures November 1, 1927.
Far Rookaway, N. Y. - Bond News,—The $'5,000 atreet-im­
1 ,8 0 0 ,0 0.
Clark County) Wash ,— Warrant Call,—County* Treasurer provement bonds to be offered by this village at 2:30 p, m. on
Alexander called for payment October 29 last about §5,000 November 9, 1897, will be sold at. auction and the purchaser
will be required to deposit with the Village Treasurer a cer­
of school warnin'# of various districts,
Clayton County, Git.—Bond t lection.—It is stated that the tified check for $750. Bonds will he dated November 1,1897.
cm w ill call an election for
See C h r o n ic l e o f last week for f u r th e r description of the
o f voting on the question of issuing VKinds for a court house. loan.
Fitchburg, Mass, - Temporary Loan .—The city has negoClinton, Minn .— Bond Sole.—On November 1, 1897, this
village awarded §3,000 water works bonds to Duke M. Far- tisted a 6 months loan of $50,(00 with Bond & Goodwin,
Boston.
son, Chicago, as 6 per cents at 102*75, Securities mature in
Fox (Town), Kendall County. 111.—Bond Sale.—On Nov.
twenty years from date of issue,
Colorado Springs. Col.—Bond Offering,—Proposals will 1, 1897, the $4,<M0 6;? bridge bonds were awarded to Farson,
be received until 7 p. m., November 13, 1897. by Chas E. Leach & Co., Chicago, at 103*025. Following are the bids :
Smith, City Clerk, for §40,00*) 4‘.,-; water works and §35.0!0 Larson, L oach A Co.. C b la w a H .m -O O 1 M ajon . Lew is A Co., Chicago..»*.OS1-00
4ly; water works extension bonds. Principal of both issues N. W . H u r l s A Co., C h i l l i * " .. .1.067*00 |
w ill mature Nov. 1. 1912. optional after I907. Bids will also
Bonds mature $1,000 annually, beginning Feb. _7 1899. In­
be received by the City Clerk at the same time and on the same terest will be payable at Yorkville, 111.
day for $25 MKI-4M refunding water bonds, to mature Nov.
Gallatin, Mo.—Bonds Voted.—On October 26, 1897, the is­
15, 191*2. subject to call after Nov. 1, 19)2, All bonds will suance of $25,000 20-year water-works and electric-light
be dated Nov. 15, 897.
plant bonds was authorized by a vote of 361 to 15.
Columbus, Ohio. —Bonds Authorized —On November 1,
Georgetown, Kv.—Bond Election,—An election w ill be
1897, an ordinance authorizing the issuance of §7,500 coupon held November 20, 1897, to vote on the question of issuing
bonds to pay the cost of improving Eighth Avenue from $804 00 6:7 20 year water-works bonds of §1.000 each.
Neil Avenue to Hunter .Street was passed by the City Coun­
GlenvHle," Ohio.—Bonds Proposed.—This village has un­
cil. Securities are to bear not exceeding 4» interest, pay­ der consideration the question at issuing §10,000 sewer-im­
able March 1 and September t, at City Treasurer’s trace, provement bonds.
where principal ai#f) will be paid. Principal w ill mature in
Gloucester, Mass,— Temporary Loan.—'The city has bor­
ten years from September 1, 1897.
rowed $25,000 for 6 months in anticipation of taxes. Loan
Delaware.- B m i S a l e .— On November L 1897, th e $245,- was discounted by Bond & Goodwin, Boston, at 8*11,
000 .j; r e fu n d in g bond-* were awarded to Heyl & Major of
Goldsboro, N. C.—Bond Election.—An election w ill be held
Philadelphia at par. Bonds are dated December 1. 1897. and November 8, 1897, to vote on the proposition to issue $25,000
are issued for the purpose of refunding the loans of '885 a* d sewer bonds.
1891 at a lower rate of in te r e s t . Principal w i l l m a tu r e D e ­
Grand Rapids, Mich.—Bond Sate.— On November 1,1897,
c e m b e r 1, m i . For farther p a r tic u la r s s e e C h r o n ic l e Oct­ the $123,00 i 4%bonds, for the purpose of acquiring an electric
ober 23. t* 97. p. 791.
or other lighting plant, were awarded to Estabrook & Co.,
Des Hoi Be-. Iowa .—Bend N e w s . —We are informed by W. Boston, at 107*41, Bonds mature May 3. 1917. For farther
A. Elliott. City Treasurer, that the offer of Rudolph Kley- particulars see Chronicle last week. p. 837.
bolta &
Cincinnati, ‘’is not being considered.” As
Houston. Texas .—B >nd Ca l .—City Treasurer Edward
stated in the C h r o n i c l e last week, Rudolph Kleybolte & Co. McCarthy has called for payment December 1, 1897, $75,700
offer-d ?- refund the §S04.i C 4? bonds due August 1, 19(8, of 40 year limited debt bonds.
>
O
with a like amount of 3*75 per cents,
Hubbard County, Minn .—Bonds Proposed.—A petition is
Dominguez School District, Compton, Cal,—Bonds in circulation asking the County Commissionets to call an
Voted.—A t a fecond election held in this district $1,200 7£ election to vote on the question of issuing $25,000 new court­
bond? were authorized. The securities were authorized at a house bonds.
IS&&M Mo:
3>M>‘K M vl Street Im urevem e
l*

1.600 & W imhlng% an Street lm:p ro v e m e n t bon d s, o f $80 each.
%

890

THE CHRONICLE.

Indiana.—Bonds Redeemed.—The State Finance Board
have redeemed $100,000
per cent bonds. It is stated that
$720,000 bonds have been paid off during the fiscal year.
Ingham County, Mich.— Temporary L o a n —The County
Treasurer has been authorized to borrow $15,000 for current
expenses. This will make, according to the Detroit “Journal”,
$55 ,000 borrowed for this purpose.
Jefferson City, Mo.—Bonds Proposed.—I t is stated that the
issuance of $10,000 improvement bonds is under considera­
tion.
Jersey City (N. 3 . ) -R o n d Offering,—Proposals will be re­
ceived until I p . m . November 17, 1897, by the Board of
Finance for $100,000 I f gold school bonds. Securities are
issued in accordance with an Act of the Legislature approved
March 31, 1897, and are to be coupon bonds dated August
8, 1897. Interest w ill be payable February 1 and Au­
gust 1 each year and the principal w ill mature August 2,
1927. A certified check for 1% of the par value of bonds bid
for, payable to the City Treasurer, must accompany pro­
posals.
Kalamazoo County, Mich.— Jem porary Loan.— The County
has negotiated a loan of $17,000 with a local bank, pending
the collection of taxes in December.
Kansas City (Mo.), School D istrict.—No New Bonds.—
Regarding the report in one of the papers that the School
Board would refund the 20-year school bonds, we are advised
by W. E. Benson, Secretary of the Board of Education, that
they “are prepared to pay all bonds which will fall due for
ten years.”
Kenton, Ohio.—Bond Correction.—We have received offic­
ial information concerning the sale of bonds to the Kenton
National Bank at par, reported in last week’s C h r o n i c l e .
Bonds are as follows :
93,000 0% r e fu n d in g b o n d s. $1,000 e a c h , d a te d S e p te m b e r 1 ,1897, an d m a tu r in g
S e p te m b e r 1. 1907. I n t e r e s t p a y a b le M arch 1 a n d S e p te m b e r 1.
877 8* Bewer b o n d s. O ne b o n d o f $77 a n d f o u r o f f 160 e a c h , p a y a b le 1 bond
y ea rly .
1,190 65 Bewor b o n d s. O n e b o n d o f $190 and. fo u r o f I860 ea ch , p a y a b le o n e
bon d y e a r ly .
1,150 6$ s e w e r b o n d s. O ne b o n d o f $160 a n d fo u r o f $250 ea ch , p a y a b le o n e
bon d y ea rly .

All of the sewer bonds are dated October 1, 1897, with in­
terest payable April 1 and Ootober 1. Both principal and
interest are payable at the office of the City Treasurer.
Kerr County. Texas.— Bonds Proposed.—Press reports state
that the county will probably issue $18,000 refunding bonds.
Kingston, Mass.—Band Sale.—Following are the bids re­
ceived for the $10,000 4% water notes :
P a r k in s o n A Burr, B o s t o n .............103'86
J o s e P a r k e r & Co., B o s t o n ............ 103*61
E. H . G ay & Co., B o s t o n ................. 103*05

B lo d g e t. M e rr itt A Co., B o s t o n ...102 82
N .W . H a rr is A Co., N e w Y o r k ___102 29

Bonds were awarded to Parkinson & Burr and mature
annually. For further particulars see C h r o n i c l e Octo­
ber 23, 1897, p. 791.
Lancaster, 0 .—Rond S a le — On November 1, 1897, th e $25,000 5 per cent water-works extension bonds were awarded to
Rudolph Kleybolte & Co., of Cincinnati, at 106 381. Bonds
mature $l,f0J each May 1 and November 1, beginning 1899.
For further particulars see Chronicle, October 16, 1897
p. 745.
Lee County (111.) In let Swamp Drainage District —
Bond Sale.—Mason, Lewis & Co., Chicago, have been
awarded $50,000 63 bonds of this district at 104-60. Bonds
have been registered by the State Auditor and mature in
series, averaging 12 years.
Los Angeles County, Cal.—Bond E lection—W e are ad­
vised by Chas. F . Bicknell, County Auditor, that no action
has yet been taken on the proposition of Trowbridge & Co.
of Chicago to refund the outstanding bonds amounting to
$681,5 0at 4'%$. Mr. Bicknell says that the question must
>
be submitted to the vote of the qualified electors at a special
election, of which the Board of Supervisors will probably
give notice at an early date. Such notice must be published
60 days and t.o authorize the issue a two-thirds vote will be
required. We are informed that if the question carries, the
sale of the bonds will probably be advertised.
Loveland, Col.—Bond Sale.—The $41,000 5^ gold refund­
ing water bonds were sold to the Bellan-Price Investment
Co. of Denver. Bonds are in denominations of $1,000, dated
Nov, 1, 3897; interest will be payable May 1 and November 1
Principal will mature November 1,1923; bonds subject to cali
$500

Mansfield, Ohio.—Bonds Authorized.—The Council ha
authorized the issuance of $8,600 6* 1-year bonds for pav
ment of the amount overdrawn from the road fund.
* arion County. Ohio.— Bond Sale.—On October 30. 1891
the $6,026 6^ ditch bonds were awarded to the New Fir=
National Bank, Columbus, at 104-60. Principal will matur
one bond of $626 on March 1, 1898, and one bond of $6 Oeac]
September 1 and March 1 thereafter. For further particu
lars eee Chronicle October 16, 1897, p. 746
Martin’s Ferry, O hio—Rond Sale.—The $790 6* street
improvement bonds offered by this city on October 9 1897
*
,ee° awarded to Geo. Eustis & Co , Cincinnati,' a
lUo 125. Securities will mature one-tenth every six months
beginning Mareh 1, 1899. Further particulars of the bond
will t e found in Chronicle of Sept. 18 and Oct. 9, 1897
♦ „ W laVtTI,L * ‘ —-®
e’
on<* Sale.—The Borough has soli
to Richardson & Ross $18,000 4%f, coupon bonds. Securitie
are issued for the purpose of laying sidewalks and will ma
a°"ual,y- Principal and interest will be payable a
is L ^ “ Va' Tru8t
Camden. We are advised that thi
is part of an issue which will probably amount to $24,0, 0.

[VoL* LXV,

Meredith, N. If.—Bond Sale.—On November 1, 1897, the$4,500 4^;{ water-works coupon bonds were awarded to Jose
Parker & Co., Boston, at 104-46. Securities are in denomina­
tions of $500, dated October 1, 1897, with interest payable
semi-annually. Principal matures one bond annually, be­
ginning October 8, 1902.
M errill, W is.— Temporary Loan.—On October 0, 1897, the
city negotiated a
loan of $7,500 with the National Bank of
Merrill. Loan made for the purpose of paying the running
expenses of city and will be due on or before March 1, 1898.
Middlesex County, N. J .—Loons A uthorized.—A t the
November meeting of the County Board of Freeholders the
Finance Committee was authorized to have four six-months
notes for $5,000 discounted for macadamizing roads, and two
two-months notes for $5,0C0 to provide funds in anticipation
of taxes.
Milaca, Minn.—Bond Offering.—Proposals w ill be received
until 1 p. m November 20 1897, by the Village Council (A. C.
Wilkes, President,) at office of Village Recorder, for $3,500
63 water-works bonds. Securities are issued by resolution
of Council and by a vote of tbe people. They w ill be for
$500 each and dated June 3, 1897; interest w ill be payable
annually at the Second National Bank, St. Paul, where the
principal Also will be payable ; one bond will mature an­
nually on June 3, from 1901 to 1907. Bids must be accom­
panied by certified check for $150, payable to order of A. C.
Wilkes, as President of the Council, and purchaser must
furnish form for bonds.
Milan, Mo.— Bond Sale.—On November 2, 1897, the $18,000
4%% water-works and electric-light bonds of this city were
awarded to Gilman, Son & Co., New York. Securities w ill
mature in 1917, optional after 1902. For iurther particulars
regarding the loan see C h r o n i c l e October 28, 3897.
M illbrook, 111.—Bond Sole.—On November 1, 1897, Farson, Leach & Co., Chicago, were awarded $4,000 G bridge
%
bonds at 103-025. Following are tbe bids:
F a r s o n , L e a c h & Co., N e w Y o r k . 103*025
M a so n , L e w is & Co., C h ic a g o ___101*425
N . W , H a r r is A Co., C h ic a g o .... 101*275

T h e N o e l-Y o u n g B o n d & S to c k
Co., S t. L o u i s , . . . ............................. 100

Bonds are dated November 1, 1897, and mature in three
years ten months (average.)
Milwaukee, W is.— Bonds Proposed.—At a meeting of the
Board of Alderman held October 25, 1697, a resolution was
offered authorizing the issuance of $150,000 bonds for build­
ing and repairing bridges.
Bond Offering.— Proposals w ill be received until 10 a . m .
November 23. 1897, by the Commissioners of the Public Debt,
care of Wm. J. Fiebrantz, City Comptroller, for $320,000 5*
garbage disposal bonds and $149,000 53 school bonds. Bonds
are in denominations of $1,000, dated July 1, 3897: interest
will be payable January 1 and July 1. Principal will ma­
ture 53 of each issue yearly on July 1 from 1898 to 1917, in­
clusive. The school bonds are issued under authority of Chap­
ter 311, Laws of 1893, audits amendments, for the purpose of
erecting and completing school buildings. The garbage dis­
posal bonds are issued pursuant with Chapter 288, Laws of
1897, and the amendatory act. Jno. F. Burnham brought an
injunction suit in reference to the garbage disposal bonds
in the Superior Court, which Court has ordered, while an
appeal is pending in the Supreme Court, that the city can
issue and accept bids for the purchase of the bonds, contin­
gent on the bonds being held valid by the Supreme Court on
appeal; tbe bonds to be deposited in escrow with the First
National Bank of Milwaukee to be held by the bank and de­
livered to the purchaser upon the Court declaring the bonds
legal. The Supreme Court has decided to hear arguments on
November 20, 1897. and a decision may be expected about
December 7, 1897.
Minneapolis, Minn.— Bonds Proposed.—The Board of Edu­
cation has asfeed the City Council to issue the remaining
$1< 0,000 bonds of the $200,000 authorized at the last city
election. Proceeds of the sale, if authorized, w ill be used
for school expenses.
B,/nd Sale Ratified.—The City Council passed resolutions
on October 30, 3897, ratifying and confirming the sale of
$400,000 of water-works bonds and $t( 0.000 4% school bonds
issued and delivered June 15, 1897, and $20 ’,010 4% reservoir
bonds issued and delivered January 17, 1896.
Montesano, Wash.—Bond Election.—It is stated that the
City Council has decided to submit a proposition to buy the
water works to the voters at the next city election. The
water company offers to sell for $18,000, payable in 63 20-year
bonds.
* t - M iver (Borough) P a —Bond S a le - O n October 11,
1897, the borough sold at private sale to Edward Hogan,
President of the Manufacturers’ Bank of Pittsburg, $2,500
4}>£t street improvement bonds. Securities are in denomina­
tions of $500, dated October 1, 1697, with interest payable
•emi annually at the Manufacturers’ Bank, Pittsbnrg. Prin­
cipal w ill mature one bond annually on October 1 from 1898
to 1902 inclusive
nil. >t-rnon, ymio.—u o n a Auction.—On November 6, 1897,
P- B. Chase, City Clerk, w ill sell to the highest
bidder $4,0C0 6% street improvement coupon bonds Securi­
ties are issued pursuant with sections 2705 and 2708 of the
Revised Statutes of Ohio, and authorized by ordinance
passed Sept. 27, 1897. Bonds are in denominations of $100,
dated Nov. 1, 1897 ; interest will be payable Jan. 1 and July
1. Principal will mature $2fiO July 1, 1898, $200 Jan. 1, 1899,
and $200 each July 1 thereafter.
Nevada City. Cal.—Bond Sale — On Oct. 21,1897,557 000
6 %1-38 year gold bonds were awarded to the Citizens’ Bank

THE

N ovember 6 lfc&7 J

CHRONI CLE,

of 'Nevada City and Dietz Denison & Prior, Cleveland, at
100-87.
Newark, N. J .—Bonds Proposed.—On October 29, 1897, the
Board of Education unanimously decided to ask the Common
Council to issue $275,000 of bonds for the construction of newprimary and grammar schools.
Niagara Falls. N. Y.—Bond Ofiering—Proposals were re­
ceived until 8 p. m. November 5, 1897. by this city for $4.5! 0
4 t refunding schcol bonds. Securities will mature, two
bonds for $ l,O C O each October 1, 1917. and five bonds for $500
each November 1, 1917. Interest will be payable at the Han­
over National Bank, New York City. Up to the time of go­
ing to press the result of the sale had not yet been received.
Northampton, Mass.— Hand Sale.—Op November 8 1897,
this citv awarded $15,(100 4,-? school budding notes to N. W.
Harris & Co., New York, at 1(4-085. Following are the
bids.
5 W. Hurri-i A C o ~ S e w T o r k - . I M , R L. Day 4 Co.. B oston
.U>8-rse
A d a m s A Co., B oston .
........ K o(fors.V sw m sn'A Tolman.BoB.10.T7a
J o s e P a rk e r & Co.. B oston .
.. i « M 6 • B loilget, M erritt A C o,, Boatatt..l0c7S8

Securities are iaaued pursuant to Chapters 27, 28 and 29 of
Public Statutes and acts amendatory thereto, and also order
of City Council, passed October 14, 1897. They are in de­
nominations of $500, dated November 1. 1897; interest is
payable cm May 1 and November 1 at the Hampshire County
National Bank of Northampton or at the office of the City
Treasurer. Principal will mature November t, 1997.
North Dakota.—News.—'The permanent State Scnool F in d,
it is stated, contains about $-251,00 * lying idle, and the Board
is now in correspondence with Eastern houses looking to­
wards a purchase of North Dakota State bonds.
North Tonawanda, N. Y.—Bond Sale.—Following are the
bids received for the f b ‘,090 5 market bonds sold at auction,
as stated last week, to J. H, Rand, North Tonawanda, at
103-25:
J , H . R and. Afw th T o9 » wmm S«..M*-SS'> I C H . W h ite A C o.. S e w Y ork... .t e r s n e
W a iter Stanton A < V . S . Y . . . 1*® IS i !
B to*. A Co. S . Y . ....... HU ftM
W m tm n M dtorr*. N «w Y o r k ....... Iftrftto I

Norwood, Ohio.—Bond Offering. —Proposals will be re­
ceived until 13 M. December 3 1897, by W. E. Wichcar,
Village Clerk, care of William E, Bundy, room 210,
Lincoln Inn Court, Cincinnati, for $5,«8*i 82 << street
1E
improvement bonds
Securities will be dated November
4, 1887, and will mature one-tenth annually. Bids must be

NEW

LOANS

SO TSftloii* f » , O cto b e r SSM IWT,
Jf*

Talc®
€ tty o f S « p # ft o n W # © o n * m ,
*# n ow i t t d f t o refu n d ft® oa U ilsn d ln s Im p rovem en t
Ponds, in clu d in g lh '> w not 4a® u n til January 'id,
IfN*®* T h e Wds w ill be received b y th e uudemlspned
be a c t e d u p o n b y t h e C e m m o a Co b b c H , m fo llo w s ;
l. B ids o r twopoasl® s®»tiiwr foFth t he lowwnt cash
pri&e fo r w hich «*ld bond* o r any o f th e sam e w ill b e
d i i i r i r s d t o th e d t y
&, BM.» o r p rop osa l*
fo r t h th e lo w e s t price'
at w hich 8 4 ? i S k 0 l l 0 o J
o f said
bon d s w ill b e ex ch a n g ed w ith C ity f o r sp e cie I bond*
issued, u n d gf Chapter 184, law* o f W h o o t i i n o f 1W7
(oo.iwes.-ef.saM laws fn m ls h e d on app lication.)
* , B ids fo r t h e o w b i t i e o f n o t ex ce e d in g w J ? 5 , «
>

IN V E S T M E N T S .

NEW

ST. PAUL, MINN.

BONDS.

Bioiicp Jo o w o p r* a n il hold» r« o f Im p ro v e ­
m e n t H oad* o f S u p e r io r, D 9 « f ! t s C a n a ry .
WI«# b*Ib.

accompanied by certified check for 5%of the gross amount of
bonds, payable to order of Village Clerk. Amount of bonds
will be reduced if part of the assessment in anticipation of
which they are issued is paid in cash.
O rtonville, Minn .—Bond Sale .—On Oct. 30, 1897, the
$15,000 -V water bonds were awarded to the Merchants’
;
National Bank, St. Paul, at 107, Principal w ill m atuie 20
years from date of issue. For further particulars see Chron­
icle October 16, 1897, p. 746.
Perrysburg (V illage), Wood County, Ohio.—Bond Offer­
ing .—Proposals will be received until 12 m . November 30,
1897, by the Village Clerk, for $15,000
bonds. Securities
are issued pursuant- with Section 3701 of the Revised Statutes
of Ohio and authorized by ordinance passed September 23,
1897. Bonds are in denominations of $5,0; 0, dated September
1, 1897, and mature September 1, 1917, Interest will be pay­
able March l and September 1 at the office of the Village
Treasurer. A. deposit of $5 i or a certified check for that
amount must accompany bids.
Philadelphia, P a.—Bonds Voted.—On November 2,1897,
the city voted to issue the prooosed $13,204,01)0 bonds by a
majority of upwards of 18,000. The purposes for which
these bonds w ill be issued will be found iu the C h r o n i c l e ,
October 2, 1897, p. 642. The Public Leduer on November 4,
1897. states that steps were taken November 3 to have the
courts declare the loan illegal for various reasons. “la th e
first xdacc it is held that the voters were deceived by the
issuance of ballots purporting to be official, and giving the
impression that none other could be voted. The law for the
submission of an increase of the municipality’s indebted­
ness makes no provision for an -official’ ballot, bnt dis­
tinctly says: - It shall be the duty of the inspectors and
judges of srch elections to receive tickets, either written
or printed, from electors qualified under the Constitution
of this State to vote i n ‘ such a district.’ It is main­
tained that there is no authority of law for the City Com­
missioners printing the loan ballots, and in assuming
this duty ana marking the ballots ‘official’ they interfered
with the privileg-8 of workers to instruct voters and supply
them with ballots outside the booths, and afforded oppor­
tunities to election officers iu favor of the loan to manipulate
the ballots to the advantage of the side they favored. It is
also contended that the ballot was illegal for the reason that

N E W L O AN S .

SUPERIOR, WISCONSIN,
R E FUND IN G

O F F IC E O F T H E C IT Y' CO M I*THOL L E B , )

ftp. Pa w , Mi.sv.»oetoborSfth, \8& t, i
Ifotfee I* hereby given t o all concerned . that the
Common Council of the City of St. Paul ha* adopted
a resolution changing Its Financial Agency In the
City o f S e w Y ork from th o Chase N ational B ank o f
New

York

to the H a n o v e r N ational Bank o f New

Y o rk City, w here all O bligations o f th e C ity o f St.
Paul, payable at th e Financial A g en cy

be presented for

thereof, m ust

paym ent.

J . J. MCCAHDY,
C ity C om ptroller.

HEREFORD RY. (Maine Central),

0 0 0 of »pedsl hood* issued under Chapter 1st laws

l i t n io r t. 4 a* 1 9 3 0 ,

©f 1807, oeriified ch eck * fo r 3 per ce n t o f th e am o u n t
o f hid to etMmmpmbf th e «
payable to th e City

MADISON EXT. RY.(Chi. k N, W.),

Treasurer; such bids to be received for all or any of
said b o n d s, and th e h ood s t o be deliv ered on o r b e ­
f o r e D ecem b er (loth, 1897,
#* T h e city reserve* t h e right to re fe ct an y o r all
bids,
$. A ll bids o r proposals relating to sub d ivision s 1

891

l * t in e r t. 7#» 1 9 1 1 ,

OTTCM VTA C. F. & ST. P.I FBL &N. IV.),
l » t w o r t. 5«. 1 9 0 0 ,

DETROIT RAILWAY,

YORK

CITY

G O L D 3s.
P rice and P articu lars on A p p lication .

R.

L.

DA Y & CO.,

7 NASSAU S T R E E T , N. Y.,
40 W AT ER ST., BOSTON.
# 4 3 0 ,0 0 0
0 0 ,0 0 0
11* 0 0 0
1 3 .0 0 0
0 ,0 0 0
4 0 .0 0 0
3 .0 0 0
9 .0 0 0
1 6 .0 0 0
1 0 .0 0 0
4 ,9 0 0
1 9 .0 0 0
2
‘ 5 ,7 0 0
3 5 .0 0 0

N ew Y o rk C i t y ..................... ...» « •
N nck, N. Y . ..............................4*»
’y
C o lleg e P o in t, N, Y ................4 a
N ew to w n , N. Y . ............. .
..3 a
P i e r in o u t, N. Y ........... .. ..3 a
E a s t P ro v id e n c e , R . 1.............4»
Q uincy, M u s a .......... ...................4a
C o lu m b u s, O h io ............ ........ 4a
H a r r i s o n C o u n ty , O h io .......5 a
N ap o leo n , O h io ........................5 a
P o rts m o u th , O h io ...... ............ 4V£s
M e rid ia n , I lia # ....................... ..6 *
B ra d fo rd , P a , ............................ 4 a
N ew R o c h e lle , N# Y ....... ........4a

an d 2 h e r e o f shall specify the date and the number

l a s in e r t, g eld 5a, 1 9 2 4 .

a p p ea rin g m th e bon d s.
0. Bids a n d p roposals will be r e c e iv e d In a c c o r d -

FO R SA LE BY

STATEN ISLAND RAILWAY,

Rudolph Kleybolte & Co.,

anew wirb the above conditions until December 1st,
5 1-3* g u a r a n te e d sto c k .
l& f7, and th en be opened and acted o n by the
N o v em b er Hat o f r a i l r o a d a n d m u n ic ip a l
Council.
l h D. JjMBAD,
bend# m a ile d on a p p lic a tio n .
City Comptroller.

MUNICIPAL BONDS.
E. C. S t a n w o o d &, Co.
b a s k b b s

,

121 Devonshire Street,
BOSTON.
L IS T S HEWT P R O S A F F L IC A T IO K .

BONDS

and I N V E S T M E N T
SECURI TI ES.

FEARON

& CO.,

B a n ker* and Brokers,

C. H. W H I T E

&

CO.,

BANKERS,
31 N A SSA U S T ., N E W Y O R K .
S 2 0 0 . 0 0 0

Central RR. & Electric Co.
COI N ew Britain, C on n ecticu t.)

1st Mortgage Sinking Fund Cold 5s.
T h is road has dire ct co n n e ctio n w ith th e City o f
? r| S i4 F r earnings fco O ct. 1 . 1897, and fu ll descrip­
fo
tion o f property.

l e t s tM T H F IF T H S T R E E T .

E. H. ROLLINS & SONS,

P H ILA DELPH IA .

1 0 IHIlk S t r e e t , H eaton, H a a s .

35 a n d 37 V a ssa n S t., N e w Y o r k .
C IN C IN N A TI.

O.

8 8 0 ,0 0 0 B a te s C o u n ty , Mo ........................4 H e
4 0 .0 0 0 F ra n U I n C o u n ty , III ..................43^1
1 5 .0 0 0 L a k e C o u n ty , I n d ..., .......... ......5 a
*23*000 M ario n , I o w a , S c h o o l................ A H e
‘ 9 ,0 0 0 S o u th O m a h a , N eb ............. •. • ■ 6 s
2
‘ 5 ,0 0 0 L in c o ln , N eb., S chool .. . ......... 5a
2
8 ,0 0 0 A s to r ia , I I I ...........................•........ 5a
1 0 0 ,0 0 0 S o u th Hide E le v a te d (C hicago), 4 H n

MASON, LEWIS & CO.,
BAN KERS,

B O S T O N t W o r tb ln e to n B ld g ., 31 S t a t e S t .
C H 1 C A Q O . 1 7 1 I , a S a lle S t

Edward I. Rosenfeld,
M U N IC IP A L S E C U U IT IB S .
H ig h - G ra d e W a r r a n t s a S p e c ia lty
W rite

o r L ist.

No. 06 Broadway, New York.

THE CHRONICLE.

892

[V o l . LXV.

it contained on the outside extraneous matter not provided Proposals must be accompanied by a certified check for $200,
for bv law. The act of 1891 provides that the tickets shall payable to the City Treasurer.
Reno, Nev.—Bond Offering.—Proposals will be received
be •‘labelled on the ou tside‘increase the debt.” Not O’dy
did the City Commissioners label the outside of the ballot until 8 p . m. Nov. 22, 1897, by R. S. Osburn. President City
“ Increase the Debt.” but they also labelled it: “ Official Bal­ Council, for $130,000 67 water-works bonds and $20,000 67
lot. Election November 2, 1897, Jos. G. Richmond, Jacob electric-light bonds. Securities are issued pursuant with an
Wi'demore, Thomas J. Ryan, County Commissioners”, for Act of Legislature approved March 8; P97, and authorized
at a special election held Oct. 7, 1897. Principal of each
which there is no legal authority.
“Another point against the legality of the loan bill, it is issue w ill mature 1-15 annually beginning 6 years from date
maintained, is that the question of increasing the indebted­ of issue. Both principal and interest will be payable at the
ness of a municipality can only be submitted when it is pro­ City Treasurer’s office.
St. Bernard ( V illage), Ohio.—Bond Offering.—Proposals
posed to use the money borrowed for permanent improve­
ments, and that the insertion of the items for a library, art will be received until 12 m. December 2, 1897, by John G.
gallery and museum did not come under this head, and con Overman, Clerk, for $24 3 20 6,7 street improvement bonds.
seqnently the vote on the loan is void. There are other ob­ Securities are issued pursuant with Section 2334 b of the Re­
jections under consideration, and when it is settled that a vised Statutes of Ohio and authorized by ordinance passed
case has been made out the matter w ill be presented to the October 21, 1897. The amount m aybe reduced by payments
made prior to the issuance of the bonds. They w ill be dated
courts for a decision.”
Pierce County (P . 0. Tacoma), Wash.— W arr n> Call.— December 1, 1897, and mature 1-10 annually. Interest w ill be
Stephen Judson, Treasurer, has called for payment Novem­ payable annually, both principal and interest being payable
ber S, 1897, a number of the warrants in the general fund of at the German National Bank of Cincinnati. A certified
check for 5,7 of the amount of the bonds bid for, payable to
the various school districts:
Pomeroy, Ohio.—Bond Sale.—On October 29, 1897, the the Village Clerk, must accompany each bid.
12,00 l 5? paving bonds were awarded to the new First Na­ San Bernardino County (Cal.), Brooke School D istrict.
tional Bank, Columbus, at 102'291. Principal will mature —B m d S ile.—The Oakland Bm k of Savings has been awarded
one bond every six months from 6 to 120 months from date $',200 7,7 4-5-year bonds at 106’50. Following are the bids :
of issue. For further particulars see C h r o n i c l e , October O a k la n d B a n k o f S a v in g s ......... 51.278 00 I D u k e M . F a r s o n . C h ic a g o ............ $ 1 ,240 00
H e l m a n & ;5 a rto ri, L A n g e le s . 1,243 2.3 | I s a a c S p r a g u e . P a s a d e n a ............ 1,210 00
16, 1897, p. 747.
Sandusky County (P. 0. Fremont), Ohio.—Bond Sale —
Portsmouth, Ya.—Bond Issue.—This city will issue $3,001
57 bonds for the erection of a school building. Interest will On October 30, 1897. the $2,550 6% ditch bonds were awarded
be payable .at Portsmouth, and principal will mature Janu­ to the Croghan Bank of Fremont at 102 745. Follow ing are
ary 1, 1929. CityClerk E. Thompson, Jr., writes us that the the bids:
C ro g h a n B a n t o f F r e m o n t
$2,820 00 I F i r s t N a t . B a n k , C o l u m b u s
$ 2 ,597 95
date of sale has not yet been fixed.
F r e m o n t S a v in g s B a n k ............. 2,005 00 | F . M. B a k e r . F r e m o n t .......... ..
2.588 00
Queens County. N. V.—Bonds Authorized. —At a meeting
Bonds mature 1-6 each January 1 and July 1 from 189S to
of the Board of Supervisors held November 4, 1897, the 1900. For further particulars see C h r o n i c l e last week, p .
issuance of $350,000 47 20-year road improvement bonds was 838.
authorized.
Sedalia (Mo.) School D istrict.—Bond News.—'The $8/00
Red Lake Falls, Minn.—Bond Offering,—Proposals will 47 20-year bonds, recently registered, were sold July 15,1897,
be received until Nov. 18, 1897, by A . P. Toupin, for $5,000 to Dietz. Denison & Prior, Cleveland, for $3,050. A bid was
67 gold tonds. Securities are in denominations of $1,000, also received from the Missouri Trust Co., Sedalia, at par.
with interest payable annually in New York, in which city Interest will be payable January and J uly.
the principal will be payable 10 years from date of issue.
Seneca County (P . O. Tiffin), Ohio.—Bond Offering.—The

____IN V ESTM ENTS.

INVESTM ENTS.

Government
Municipal Bonds
and

BOUGHT AND SOLD.

PUBLIC SECURITIES
SUITABLE FOB

BANKS.
F IR S T

N A T IO N A L

BANK

O F M IL W A U K E E .
C A P I T A ! .,
SU RPLUS,

.
-

.

.

.

8 i , 0 0 0 ,0 0 0
8 2 5 0 ,0 0 0

A P P R A IS E M E N T S M A D E O R Q U O T A T IO N S
F U R N IS H E D F O R T H E P U R C H A S E . S A L E , O R
E X C H A N G E O F A B O V E S E C U R IT IE S .

SAVINGS BANK AND T fiU S T
FUNDS.

1*1S T S ON A P P L I C A T I O N .

LISTS MAILED ON APPLICATION.

F. G. Bigelow , Pres’t.
F. J. Kip p , Cashier.
Wm . BiGELOW^V.-Pres’t. T. E. Cam p , Ass’t Cashier
F. E. K r ueger . 2d Ass’t Cashier.

Farson, Leach & Co.,

San Francisco,

N. W. HARRIS & CO.,
BANKERS,
3 1 N A S S i U S T . ( B a n k of C o m m e rc e B id ? .)

ADAMS & COMPANY,
BAN KERS
D E A L E R S IN

I N V E S T M E N T BONDS,

C H IC A G O .
1 0 0 D e a r b o r n S t.

NEW Y O R K ,
2 W a ll S t.

NEW YORK
Street Railway Bonds.
Union Railway
- 5s
Westchester Railway ■ • 5s
Steinway Railway - •
6s
A n d O th e r C h o ic e S e c u r i t ie s .

M e m b e rs o f B o s to n S to c k E x c h a n g e .

Edward C. Jones Co.

No. 7 Congress and 31 State Streets,

1 N a s s a u S t r e e t , N e w Y o rk .
P h i la d e l p h ia .
C i n c in n a ti.

BOSTON.

B lodget, M e rritt & C o.,
WHANN&SOHLESINGER,

BA N K ERS,

Transacts a General Banking and Foreign Exchange
Business. Collections receive Special A ttention.
OFFICERS:

T he First N ational Bank
O F SAJV F R A N C IS C O , C A L .
UNITED STATES DEPOSITARY.
U a .lta l, 8 1 .3 0 0 .0 0 0 I S u r p lu s ,
8 9 5 0 ,OO*
3. G. MUHPHT, Preildent, JAS. K. LYNCH, Caihl.r
Ja h i s MorriTr, V.-Pre,., J. K. Moffitt , A»t. Calk
General Banking Business. Accounts Solicited

C an al B an k ,
NEW

O R L E A N S , I* A .

( S u c c e s s o r o f N . O. C a n a l & B a n k in g C o .)

C A P I T A L , SI,O O O ,O O O .
J . C. M O R R IS , P r e s i d e n t . E D W A R D T O B Y , V i c e
P r e s . E D G A R N O T T , C a s h ie r
C o r r e s p o n d e n t s —N a t io n a l C ity B a n k , N a t io n a
B a n k o f C o m m e r c e , N e w Y o r k ; B o a t m e n ’s B a n k
S t L o u i s ; N . W . N a t io n a l B a n k , C h ic a g o j M e r c n a n t s ’ N a t io n a l B a n k B o s to n

SECURE BANK VAULTS

16 Congress Street, Boston.

MUNICIPAL

STATE, CITY & RAILROAD BONDS

BONDS.
a

W ALL STREET,

NEW

GENUINE

WELDED CHROME STEEL AND IRON
YORK

W. J. Hayes & Sons,
BANKERS,

4 1 W a ll S t., N . Y .
Railroad BONDS Mnnicipal
Descriptive Circulars on Application.

R o u n d a n d F l a t B a r s a n d 5 - p l v P l a t e s a n d A n g le s
F O R S A F E S , V A U T j T S , &c.
C a n n o t h e S a w e d , C u t o r D r i ll e d , a n d p o s i t i v e l y
B u rg la r P ro o f.

CHROM E

STEEU

W ORKS,

K e n t A v e ., K e a p & H o o p e r S ts .
S o le M a n ’f ’e r s In t h e U . S.
B RO O K LY N . N. V

DEALERS IN M UNICIPAL BONDS,

C hronicle V olum es.

A . Strass burger,

B tr e e t R a ilw a y B o n d s , a n d o t h e r h i g h - g r a d e i n
v e s tm e n ts .

A seeoed-hand set from 1868 to 1895—56 Volumes,
for sale

STO C K S & B O N D S B R O K E R

WILLIAM B. DANA COMPANY,

SOUTHERN INVESTMENT SECURITIES-.

BOSTON, MASS..
7 Bxchange P la c e .

C le v e la n d , O h io ,
3 1 1 - 3 1 3 S u p e r io r 8 i .

CabU A d d r w , " K E N X E T H .”

P in e S t r e e t , N e w Y o r k .

Montgomery, Ala.

THE CHRONICLE.

N ovember 6, IbaT.j

893

County Commissioners will sell on November 13, 1897, at 1 State of Minnesota were purchased some years ago for about
p. h . the following bonds
65 cents
O ne R eiter ditch bond o f 1450. due N ov e m b e r IS. ISftS.
Mr. E. Popper, of Popper & Stern, of New York, financial
O ne Reiter ditch b o n d o f $450. d o e N ovem ber IS, 1829.
agents of Minnesota, and Messrs. A. T. Koerner, S. Iverson
One R u le d itch bond o f #'250, d u e M ay IS. 1899.
O ne R u le dir eh bond o f §350, d u e N ov e m b e r 1 3 ,1900.
and M. Jensen, state officials of Minnesota, are here to look
Bonds will be dated November 13, 1897, bearing interest at after the transfer of the State’s bonds. Of the bonds funded
O.
8?, payable Mav 13 and November 13, at the County Treas­ to-day 276 are of the $10,000 series and one of $5,C O
The old bonds for which these were issued were delivered
urers office. Securities are issued pursuant with Chapter 1,
to the Comptroller yesterday and they have been canceled.
Title 6 of the Revised Statutes of Ohio.
Tire law under which these bonds "are funded into regis­
Solon. lovra.-B o n d s Defe ted .—On October 19, 1897, the
proposition to issue bonds tor a system of water works was tered bonds fixed a fee of $3 for $10,000 bonds and $2 for
$5 000 bonds to raise revenue to pay the expenses of printing
defeated by a vote of 45 to 31.
Sooth Boise (Idaho! School D istrict. —Bond Offering — and funding, etc.”
The district will offer for sale about January 1, 1899, $4,000 | Union Township, Huntington County, Ind .—Bond News.
8f gold bonds for the purpose of redeeming $50! of outstand­ —A report has been published to the effect that authority
ing bonds and building a school honse. Interest will bs pry- had been given this township to borrow $400 to build a
able at Boise, and the principal will mature $1,0 ») in five, school house. The Township Trustee informs us that hedoes not wish to borrow any money.
ten, fifteen and twenty years from date of issue.
Washington. —lUan-anf Call. —The State Treasurer has
Stephens County, Texas.—Bond S d e .—Tae Board of Elucation of Austin, Texa-, It is stated, bought $1,000 bridge called for payment November 9, 1897, general fund warrants
Nos. 18.251 to ,'8,670 inclusive, amounting to $43,841 37; also
bond* of this county on October S3, 1897.
Street Mra*s County (F . 0. B ig Timber). Mont.—B ind mi Ii tar v fund warrants Nos. 3,024 to 2,03) inclusive, amount­
Set*«.—Following are the bids received for the $10,000 8* gold ing to $4,730 50.
West Liberty, Iow a .-—Bond Sale.—A report is published
bonds, awarded, m reported in the C hrosiclb last week, to
in one of the papers saying that $7,5 > 5c electric-light bonds
0
the Thomas ruse Saving* Bank, Helena, at 109:
have been sold to N. W. H a rris* Co,, Chicago, at 102-40.
H u m i » C n i M S ir in s fi B ank..
f Wmtsem. Lea.ili 4kOow C h ic taro . . . . IGS*§2
B w tff Eiiiag, Virginia. City. . . . . . L*8*50 f N W. Ham* k CSe., ChicaEt*..
1»*1 8 5
*
H. B.P*iai«r* Helen*........ ........ I.0A1» 1U.C. BarroIL «lltm*t»irg» W m h .HOMO j This is am old sale. The bonds were awarded Ang. 10 last.
They are in denominations of $500, dated Sept, 28, ,1897, and
Tennessee,—News.—1 %t Nashville ■•Banner”, under date of 1 mature Sept. 28, 1917. faterest payable March and Septem­
3
November 3, 1897, had the following: “ Governor Taylor ber at West Liberty.
and Secretary of State Morgan to day affixed their official
W ethersfield. Conn
signatures to $2,763,000 registered bonds which are to i meeting of this town .—Loan Authorized .—A t the annual
on Nov. 3,
Treasurer was
be i=aued in funding this amount of 3r Tennessee settlement authorized to borrow $3,0 ’0 to meet 1897, theexpenses.
current
bonds owned by the school fund of the State of Minnesota.
State Treasurer'E B. Creig on a recent trip to New York 1 Winchester, 111.—Bonds Voted.—According to press re­
had these bond* printed under authority of an act of the I ports the city has voted in favor of issuing bonds for a water­
works system.
last Legislature which provided for the funding of all
Yo
town. Ohio ,—Bonds Authorized .—On October 18,
of the coupon bonds of the State into registered 1897, lingsCity Council passed the following ordinances pro­
the
bonds.
This act is not binding on holders of jviding for the issuance of bonds :
the** bonds, but is optional with them. There are now out­ 1 1,8)0 W bo n d s fo r im p ro y p n ie a t o f W ood lan d A v en u e. Interest paya ble A p r i l
standing $13,735,»th! coupon bond-*, including redemption
l a n > O cto b e r L and th e prin cipa l to m ature #450 yearly on O cto b e r 1,
1
beginning In 10HU
and penitentiary bonds divided m follows: $t,8< 0.000
DM Sp bo n d s m a m rin s O ctober 1, !«0 0 , Ron ds are Issued in a n ticip a tio n o f
$469,0034$ and* $ 3 888,900 3$. The bonds owned by the
th e c o lle c tio n o f ta x e s. In terest wilt bo payable A p ril 1 and O ct. 1.

M IS C E LL A N E O U S .
Haight

&

Freese,

B AN K E R S
mad

COMMISSION STOCK BROKERS,
HEW YORK* 5 3 B R O A B W A Y \
BO STON * m S T A T E 8 T . j
P H I L A D E L P H I A , 4®*J W A L N U T B T «
Stock*, Bond*, G rain, C otton. P r o f W o n *
b d d fb t and mt& f o r c*M.h m m m argin o f * of* per

m nL

i-id .

W rite or call for ou r " M H P A G X S E C U R IT Y
M A N U A L ” , concede i b y Rank*. t b « P n * « and
B c « r d * o f T rad e th rou g h ou t th e co u n try t o b e the
m o*t con den sed and statistics,;! ly reliable pub*
U m iiom e v e r
b y any Banking H o m e . G ive*
ram rt o f price* o f #toek*, w heat and c o t to n f o r tea
t o thirty year*. Latent financial report#, statem ent*
Of earning*. e tc* o f
Railroad and Industrial Corp o rm tlo m w h m e share* are Rated o n th e principal
rjtch a »k m . thereby
In vestor* t o o p e ra te on
their ow n |tt«S«tnentj baaed o a fact* t o be fo u n d in
th e M anual, w hich it iu ra ia a b le t o basin©** men
gen erally. I t enable* any on e to Invent m oney, keepIn# th e principal in ta ct and m aking it pay an in
eom e.
ISSU E D G R A T IS A N D M A IL E D F R E E .
D E T K R .X IM IM # T H E F I N A N C I A L RE*
HFONMIB1MTY OF TH E FIRM W IT H
W H IC H YOU DEAL IS A 8 IM PO RTA N T
A S S E L E C T IN G T H E R I G H T S T O C K S ,
N ew Y ork. B oston and P h ila d elp h ia N ational Bant
R eferen ce* Furnished.
T w en ty years’ ex p erien ce, largest c lie n te le , moat
co m m od b n it cdSee*, heat brokerage service.

U P T O W N O F F IC E . l . I 3 i IIR O A D W A Y .
PRIVATE

F red .

WIREH.

M.

S m ith,

TO S O U T H S T R E E T ,

AVBVm n, M EW Y O R K ,
A B rtln tirrr,

Ap p r a l a e r

nnd

N e g o tia to r.

M a k e s a S t o e e m lt jr o f S e llin g - R E A L E S T A T E a n d
P E R S O N A L P R O P E R T Y f,jr p a r t i e s w i s h i n g t o

urna% mqmmmr.
. ,m

M a k e # a t* p c e f a t ty o f S e l l i n g S e e w r ttlte g f o r M U N I C ­
I P A L I T I E S * stmt C O R P O R A T I O N S , t h a t r e q u i r e *
e x t e n s i v e a d v # ftS * f n s r f o r p u r c h a s e r s .
M ake# a
o f N fto O T IA T I O N S f o r H O T E L
P R O P E R T Y . SK t 1 R IN G L E A S E S , A P P R A IS I N G

F U R N IS H IN G S , B U Y IN G and SE L L IN G .
R a n i n e * * m rm # « T U * n s w i t h S y r a c u s e .

t#rs, Ykte* Hotel,

H e* d n a* r-

M ISCELLANEO US.
1850.

M IS C E LLA N E O U S .

1897.

T he United States Life
Insurance Co.
IN T H E C I T Y O F N E W Y O R K ,.
A ll p o llc fe * n o w is s u e d b y tb ta C om pany
c o n ta in t h e lo llo w ln g c ln u a e s s
‘‘ A fte r o n e y e a r fr o m t h e d a t e of Inane,
th e l i a b ilit y ol th e C om p an y u n d e r th is
p o lic y ahaM n o t b e disputed***
*• T b U p o lic y c o n ta in * n o r e s tr ic tio n
w h a t e v e r u p on th e 1nan red* In reap ect
e it h e r of tr a v e l* r e s id e n c e o r o c c u p a tio n .”
A ll D e a th C la im * p a id W I T H O U T DIM .
C O U N T a « so o n a* a a tla fa c to r y p roof* h a r t
b e e n r e c e iv e d .
A e t l e e a n d S u o e o O B fn i A g e n t s , w i s h i n g U
>
, r e p re se n t th is C o m p a n y , m a y c o m m u n i­
c a te w i t h t h e ik r m id t m t * a t th e H o m e
O ffic e , 2 (f}l B r o a d w a y , N e w Y o r k .

H A N D -B O O K
or

Railroad Securities.
JU LY

tla s n e d S e m i-A n n u a lly By th e P u b U s n e rs of th « COMMKRCiAr. & F in a n c ia l C u h o s ic l e .)

o m c iB S :
G E O R G E H . B U R F O R D ...........
P r e a .o e n i
r. P. ERAI.EIGU . . . . . . . . .. .. ........... ...Secretary
A. W H E E L W R I G H T ................A ssistan t Secretary

WILLIAM T. ST AN DEN...................

IS S U E .

CONTENTS.

Actuary

A ItT H U R C. P E R R Y .. . . . . . . . . . . . . . . . . . . . . . . . .Caohlor

JOHN P. M U N N .... .........................M e d le a l D irector
FINANCE COMMITT**.*

6 BO . G . W I L L I A M S .. . . . . . . . Pre*. Cbem , Nat. Bank

JO H N J. T U C K B H ....... ................ . .................Builder
E, I f. P E R K IN S , JR.. P res. Im p. A T rad ers’ Nat. Hfc
J A R E S IL PLUM............. .................. - ..........Leather

e/b.cilfLiC^0t<£Ca
BA N K ERS,

D e a e rlp tlo n
Honda

ol*

H it,

S to c k s

and

AND A STATEMENT OF THE INCOME

fo r f o u r y e a r s p a s t, a s w e ll a s th e a n n u a l
c h a r g e s a g a i n s t Incom e.
H lg lie n l a n d

L o w e s t P ric e s M o n th ly

o r R ailroad Bonds and s t o c k s in N ew
York , Boston, P hiladelphia and B ai/ h M ORBfortlie y ear 18 9 6 , a n d to J u ly U n l 8 9 7 .

18 » ALL S T R E B T , NEW

YOKE

K .t o b M .h ..I J 8 6 5 .
M E M B E R S OF N E W Y O R K STOCK B X C B A N Q *
A llow tn to re .t o:> deposits, s o b jo ct t o stent c h a c " .
Boy . o d M il on coransl*#lon s to c k , and pon d s s lth i r
for casts o r on m argin, and deal in

Investment Securities.
II. .1, M o h r *. f ’ Ha h B . M u t t s .

A

W

m

KtTsn*g

M X Y e a r s ’ R a n g e 111 P r i c e s o f A c t i v e
S t o c k s —B ein g h ig h e s t a n d lo w e s t p rie e a
m a d e In e a c h y e a r fro m 1891 to 1 8 9 6 In c lu s ­
iv e , a n d t o J u ly 1 ln*1897.
O l v ld c n d s o n R a l lr o a d J S to c k s p a id .d u r
In g eaolfiof th e y e a r s 1891 t o 1 8 9 6 .1 n e lu 8 iy e r

Bank and Trust CompanyStocks
New York and Brooklyn
B O U G H T A N O S O U ),

C LIN T O N
9

W * l,i,

ST„

G IL B E R T
NEW

YORK.

CHRONICLE VOLUMES
1 8 7 1 -1 8 8 7

'A8 V O L U M E S ,

Bound in full m o r o cc o . Offer w anted f o r th e net
Address
W I L L I A M B. D A N A C O M P A N Y .
WAS P in e Street, New Y ork

a n d to J illy I n 1 8 9 7 .

Price In Light Leather Covers, • $1 00
To Subscribers of the Chronicle,

T H E F IN A N C IA L , R E V I E W
A N N U A L —\ 8 0 7 .
Prte« IS W . T o C liB O N ict,* Sobscrtbera, 11 60.
W IL L IA M B. D A N A C O M P A N Y , 78X Pirw 8t.. N. T

w il l ia m

70>s

B . D A N A C O M JP A N Y ,

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75-

THE CHRONICLE.

894

£ m

s t

© u r a p a n tc s .

Union T rust Company United States T rust Co.
N os. 4 5 & 4 7 W A L L S T R E E T .
C A P IT A L AND S U R P L U S ,

OF NEW YORK.
80 Broadway, New York.
C A P IT A L ,
8 UK P L US,

$ 1,0 0 0 ,0 0 0

$ S , 3 1 3 ,0 0 0

AUTHORISED TO ACT AS

Executor, Administrator, Guardian,
Receiver or Trustee,

[V o l . LXV

$11,500,000,
This Company is a legal depository for moneys
paid into Court, and is authorized to act as Guardian,
Trustee or Executor.
IN T E R E S T A L L O W E D ON D E P O S IT S
which may be made at any time and withdrawn
after five days' notice, and will be entitled to inter­
est for the whole time they may remuin with the
Company.
Executors, Administrators, or Trustees of Estates,
Religious and Benevolent Institutions, and individ­
uals, will find this Company a convenient depository
for money
JOHN A. STEWART, President,
D. WILLIS JAMES, Vice-President,
JAMES S. CLARK, 2d Vice-President,
HENRY L. THORNELL, Secretary,
LOUIS G. HAMPTON. A ssist. Sec’y.
TRUSTEES.
Samuel Sloan,
Charles 3. Smith, W, Wald. Astor,
D. Willis James, Wm. Rockefeller,James Stillman,
John A. 8tewart, Alexander E. Orr.John Claflin.
J. H. Rhoades, Wm. H. Macy, Jr.John J. Phelps,
Anson P. Stokes,Wm. D. Sloane, Daniel Lord,
John C. Brown, G. H. Schwab,
John S. Kennedy,
Edward Cooper, Frank Lyman, D. O. Mills,
W. B. Cutting, Geo. F. Vietor, Lewis C. Ledyard

a n d is
A L E G A L D E P O S IT O R Y F O R M O N E Y .
ACTS AS TRUSTEE OF MORTGAGES OF
CORPORATIONS and accepts the transfer agency
and registry o f stocks.
ALLOWS INTEREST ON DEPOSITS, which may
be made at any time, and withdrawn on five days’
notice, with interest for the whole time they remain
with the company.
For the convenience o f depositors this company
also opens CURRENT ACCOUNTS, subject, in ac­
cordance with its rules, to check at sight, and allows
interest upou the resulting daily balances. Such
checks pass through the Clearing House.
Attends specially to the
M A N A G E M E N T OF R E A L E S T A T E
and to the collection and remittance o f rents.
It makes ample provision in its
BTJRG LA R A N D F IR E PRO O F V A U L T S
for the safe-keeping of securities placed in its cus­
O F T H E C IT Y O F N E W Y O R K .
tody. on which it collects and remits income.
30 BROAD S TR E E T.
EDWARD KING, President.
CORNELIUS I). WOOD,
/
C A P I T A L ..................................... 8 5 0 0 , 0 0 0
JAMES H. OGILVIE,
> Vice-Presidents.
3 5 0 ,0 0 0
S U R P L U S ..............................
AUGUSTUS W. KELLEY, \
J. V. B. THAYER, Secretary.
OTTO T. BANNARD..................................... President
E. R. MERRITT, Assistant Secretary.
WILLIAM ALEXANDER SMITH.. .1st Vice Pres’t
C. C. RAWLINGS. Trust Officer.
GORDON MACDONALD.. .2d Vice-Pres’t and Sec’y
HENRY E. DABOLL.................. Assistant Secretary
D e s ig n a te d by t h e S u p r e m e C o u r t a s a
D e p o s ita r y f o r C o u r t M o n e y s .
I n t e r e s t a llo w e d o n D e p o s its .
E x e c u te s a l l T r u s ts .
TRUSTEES
48 W A L L S T R E E T ) N E W Y O R K * _
William Jay,
Robert W. DeForest,
Alfred M. Hoyt,
Gtraud Foster.
Rudolf E. F. Flinsch,
Gordon Macdonald,
C a p i t a l , 8 1 , 0 0 0 ,0 0 0 I S u r p l u s , 8 1 , 4 5 0 ,0 0 0 Robert S. Holt,
Gordon Nom e,
Henry M. Taber,
A. Lanfear Norrie.
CHARLES S. FAIRCHILD, President.
Oliver Harriman, Jr.,
William F. Cochran,
Wm. Alexander Smith, Walter Jennings,
WM. L. 8TRONG, 1st Vice-Pres.
William A. Hazard,
ABRAM M. HYATT, 2d Vice-Pres. Robert Olyphant,
W. Seward Webb,
Frank II. PlattOSBORN W. BRIGHT. Secretary.
Otto T. Bannard.
Trenor L. Park.
ZELAH VAN LOAN. Asst. Secretary.

A M E R IC A N L O A N
-A N D —

TRUST

C O M PA N Y ,

B O S T O N , M A SS.
CAPITAL,
.
.
.
$1,000, 000
SURPLUS, .
.
.
.
500, 000
A legal depository of moneys paid into Court and
for Administrators, Executors, Guardians and
Trustees.
INTEREST ALLOWED ON DEPOSITS,
Trustees under Mortgages. Transfer Agents and
Registrars o f Stock.
BOARD OF DIRECTORS,
Chas. Francis Adams, 2d Samuel Little,
Oakes A. Ames,
S. E. Peabody
Edwin F. Atkins,
Francis Peabody
Isaac T. Burr,
Albert A. Pope,
Samuel Carr,
N. W. Rice,
F. Gordon Dexter
R. E. Robbins
David P. Kimball
W. B. Thomas,
Henry'D. Hyde,
8. ENDICOTT PEABODY, President.
N. W. JORDAN, Actuary,
E. A. COFFIN Treasurer

O LD C O L O N Y
C O N T IN E N T A L
T R U S T C O M PA N Y .
B O S T O N , M A SS.
T R U S T C O M PA N Y ,

New York Security &
T rust Company,

Authorized to act as executor, trustee, administra­
tor, guardian, agent, and receiver
Receives deposits subject to sight drafts, allowing
Interest. A legal depository for court and trust funds.
A designated depository for the reserve of State
banks. Accounts of banks and bankers solicited
TRUSTEES.
C. 8. Fairchild, M. C. D. Borden, James A. B ia li/j
W. H. Appleton, B. Aymar Sands, J.G. McCullough.
Wm. L. Strong, James J. Hill.
H. lloagland.
J. W. Sterling,
W. F. Buckley, E. N. Gibbs,
F. R. Coudert,
8. G. Nelson,
II. Walter Webb,
Edward Uhl, .
James Stillman, John A. McCall.

T he State T
100

rust

C o.

BROADWAY.

Ca pi t a l a n d S n r p l u s ,

-

$1,800, 000

A c ts a * T r u s t e e , R e g i s t r a r , T r a n s f e r a n d
•F iscal A g e n t o f C o r p o r a t i o n s , a n d a s E x *
e c u to r, A d m in is tra to r, T r u s te e , G u a rd ia n
a n d C o m m itte e o f E s t a t e s . L e g a l D e p o s lJ ° r 7 £o r C o u r t a n d T r u s t F u n d s . T a k e s
a n d P e rs o n a l E s ta te s .
I n t e r e s t a llo w e d o n D e p o s its .
FRANCIS S. BANGS, President.

Manhattan Trust Co.,
_. ____ WALL STREET, corner NASSAU.

C A P IT A L ............................................... * 1 , 0 0 0 ,0 0 0
Authorized to act as Executor. Administrator,
Guardian, Receiver, or Trustee, and is
A L e g a l D e p o sito r y fo r M on ey.
Trustee of Mortgages of Corporations, and Trans­
fer Agent and Registrar of Stocks and Bonds.
IntereN i A llo w e d on D e p o sit* ,
subject to check through New York Clearing-house.
,
JOHN I. WATERBURY, President.
J ohn Kea n , Vice-Pres. A mos T. F rench ,V ice-Pres
Charles R. S mith , Sec. and Tieasurer.
w. rs. D uane , Ass’tSec. N , T h a y e r R obb , Ass’tTres
Directors.
August Belmont,
John Kean,
Ii. W. Cannon,
John Howard Latham,
A. J. Cassatt.
John G. Moore,
&•<?•,Cf°88.
E. D. Randolph,
Rudulph Ellis,
Janies O. Sheldon,
Amos T. French,
Samuel Thomas,
John V A. Griswold,
Edward Tuck,
H- L. Illgginsnn,
John I. Waterbvrv,
M. P. Hamilton,_______ R. T, Wilson,

Rhode Island Hospital
Trust Company,
P R O V ID E N C E , R . | .
C a p i t a l .. . 8 1 , 0 0 0 . 0 0 0 I M u r p lu . . .. 8 ? 3 0 ,0 U *
DIRECTORS.
Christopher Lippitt, Horatio N. Campbeu
Royal C. Taft,
Robert Knisht,
Bobu H. 1. Goddard, John W. Danielson
Geo. W. R. Matteson, Herbert J. W ell,,
William D. Ely.
John C. Pearani,
Robert I. Gammon,
Hyman B. God,
William Binney,
Knpene W. Mason
William B. Weeden, Geo. Gordon Kiup
Howland Uarard,
Rowland G. Has&rd
Edward D. Pearce
Lucian Sharpe.
HERBERT J. WELLS, SAM’L It. DORRANCB
____
President.
Vice-Presld. t.
EDWARD S. CLARK,
WM. A. GAMWELL.
secretary,
Awtatant Secretary.

w k ’^
S
0111’ \ Vice-Presidents.
MAURICE S. DECKER. Secretary.
_ _
H. M. FRANCIS, Treasurer.
H. B. BERRY, Trust Officer.
TRUSTEES.
Willis S. Paine,
Henry Steers,
Henry H Cook,
George W. Quintard,
Charies R. Flint,
Forrest H. Parker,
velm’ Tr?n ^£ m’
>
Charles Scribner,
William B. Kendal1, Charles L. Tiffany,
Waiter S. Johnston, George W. White.
Joseph . TIallock.
Percival Knauth,
Edwin -A-M&Alpin,
Francis S. Bangs,
w Jm JS J11ii9, v,
Francis Lynde Stetson,
A. Nash,
Thomas A. MclutyTe.
Geo. froster Peabody, Edward E. Poor.
D- Probst.
Anson G. McCook.

CAPITAL,
.
.
.
$1,000, 000
SURPLUS,
.
.
.
1 , 0 0 0, 00 0
T r a n s a c ts a G e n e r a l R a n k i n , B u s in e s s .
ALLOWS IN TER EST ON D A IL Y BALANCES SUBJECT
TO CHECK
TRUSTEE U N D ER M0 RTGAG E 8. TR A N SFER AGENT
R E G ISTRA R

BOARD OF DIRECTORS:
T. Jefferson Coolidge, Jr., President.
Oliver Ames,
Waiter HunneweH
C. W. Amory,
Samuel Carr,
B. P. Cheney,
Geo. V. L. Meyer.
T. Jefferson Coolidge,
Laurence Minot,
Chas. E. Cotting,
Richard Olney,
Geo. F. Fabyan,
Henry R. Reed,
Geo. P. Gardner,
Nathaniel Thayer.
Henry S. Howe,
Stephen M. Weld,
Henry C. Weston.
T . J E F F E R 8 0 N C o o l i d g e , J r ., President.
C. S. T uckerm an , Vice-Pres’t and Treat.

G e o . P . G a r d n e r , Go r d o n A b b o t t ,
F r a n c is R . H a r t , Vice-Presid
E. A . P h i p p e n , Secretary and Ats’t Treas.
J o s e p h G. S t k a r n s , A ss't Secretary.

Maryland T rust Co ,
CO RN ER SO U TH AND GERM AN ST S.

”

BALTIM O RE.
C A P IT A L , 8 1 ,0 0 0 .0 0 0

A LEGAL DEPOSITORY FOR COURT AND
TRUST FUNDS.
Acts as Financial Agent, for States, Cities Towns#
Railroads and other Corporations. Transacts a gen«
eral trust business. Lends money on approved se«
curity. Allows interest on special deposits. Acts
as Trustee under Mortgages, Assignments and
Deeds of Trust, as Agent tor ihe Transfer or Regis­
tration of Stocks and Bonds, and for the payment of
coupons interest and dividends.
J. WILLCOX BROWN, President
ULOYD L. JACKSON, First Vice-President
HENRY J. BOWDOIN, Second Vice-President*
J. BERNARD SCOTT, Secy. & Treas
D IRE C TO R S:
Wm. A. Marburg, Lloyd L.Jackson, W.TT. Baldwln.Jr
Frank Brown,
H. A. Parr,
JoshuaLevering
Alex. Brown,
Clayton C. Hall, James Bond
H. J. Bowdoin, J. W ilcox Brown, J. D. Baker.
Leopold Strouse, B. N. Baker,
John B. Garrett,
Basil B. Gordon, Fred’k W. Wood. F. M. Thleriot,
Henry Walters, Fred M. Colston, F. S. Bangs.
W. B. Brooks.Jr.,, Andrew D.Jones Doug. II.Gordon

GUARDIAN

Mississippi Valley T rust
Company,
Trust & Deposit Company,
SECURITY

BALTIM ORE.

N. W. cor. 4th & P in e Sts., St. Louis, Mo.

i™!..f?,ank.i,nK .H,"> Tr"»‘ Business- Becomes
rial n’r T ™ ™ ,/ H °rtKiWes or Deeds of Trust, Finan,
i K I?r States, Cities or Corpora‘‘nt
Uons. bin., etc. Pavs interest on Deposits.
w < ? m Ad F t x
? T4.bl15R ’ J h - President.
n A v } ; .| a?f-T
Secretary and Treasurer.
Df X 5 h
JON, K. TAYLOR, Vioe-Pres’ts.

C a p i t a l a n d S u r p l u s .......................8 3 , 0 0 0 , 0 0 0
UNDER STATE SUPERVISION.
8 4 0 0 , 0 0 0 d e p o s it e d w i t h S t a t e o ffic e r to
p ro te c t t r u s t lia b ilitie s .
A GENERAL TRUST COMPANY BUSINESS.
Allows interest on Deposits.
m«.u*!?orizeci Vl act a9 Executor, Guardian. Receiver
Trustee, &c. Manages Estates. Collects Rents.
Becomes Surety on all kinds of Court Bonds.
H asSalety Deposit Vaults; a Savings Department
INVESTMENT SECURITIES A SPECIALTY.
DIRECTORS
u^ilar^
__ _ _
James Campbell
Brummond, August Gehner,
T O’ HpIIIv M n ii
Julius S. Walsh,
ii;
Caruth,
Williains’n Bacon
Boyd‘
Breckmr’geJones
Wm. 1) Orth wein, Henry Hitchcock
Elmer B. Adams, Geo H. Goddard, Holla Wells.
OFFICERS.
J u l iu s 8. W a lsh . President.
B¥ aS 5 T O 0,? J o n e s . 1st Y.-P. and Counsel.
C
S a m u e l E. H o f f m a n , Second Vice-Pres.

t

G,t K tyg0C ? K en
)
a
d ^ n t o n ^ e ^ s A.’ GusdorhrTltUfcl3 A' WMte' Matu

M etropolitan T rust Co.
Of the City o f New York.
37 nnd 3 9 W a ll S tr e e t, N ew Y o rk .
S u im iS a c a D it n l..................................S I , < 1 0 0 ,0 0 0
8uIprcm?0
iSurta9 U ,ef!a*"depositary by°orde?°of
fro o . . - , ' ; n
C I ‘I'"1execute any legal trusts
'!
S
h
S
a
S
r 1™ as
terms
C M TpJifn^cM v ^ JT on. Acting President.
*
Raymond^* C b atry . ^ evcrlyn t S e c reSecretary,
itay m o n d J .
A ss is ta
ta ry .

dk

L a c y C h a n d l e r . S ecretary .

J aajes E. B rock , Asst. Secretary,
frredbrick V ia rling . Trust Office