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DmiHLH't
'
Q u o ta tio n
S u p p l e m e n t (Monu.iv)
I n v e s t o r s S u p p l e m e n t ( 01^
S t r e e t R a i l w a y S u p p l e m e n t ( 0^
S ta te a n d C ity S u p p le m e n t
IB nt«iedacijor<!ioK to A.at o f O onxtem , 1q t i e y ear 1397, by the W il l ia m B. D an a CJo m p a s t , tn the oflloe o l tlie L ibrarian o l C .m irr-.. >
S A T U R D A Y , OCTOBER
V O L. 65.
2,
1897.
NO. 1,684
Week e itHriQ September 25.
y~~
3 !^
C h r o n ic le .
PU BLISHED
CUarttw. «
W EEKLY.
131L.
1807.
P. 0**'
478,731.426
New York..
Philadelphia........
Pittsburg....... ....
Baltimore.............
Buffalo.. . . . . . . . . . . .
Washington.... ...
Rochester
Syracuse..........
Scranton..............
Wilmington........
Binghamton,
Total Middle.,..,
Terms o f Subscription—Payable In Advance :
«KT<8.827
52.057,531
12,435,758
F or Oue Y ear................... - ........................................................$10 CO
13,05*7,190 11,43J,39
For Six Months...........................................................................
6 00
3 827,014
1 55*8 ti ll
1,380.257
European Subscription (lno!u<lm<? postage*...................... 12 00
1,218,242
1,43*,507
European Subsertpnon Six Mouths CincituUng p o sta g e ).
7 00
740,382
Antiual Subscription in L ondon (laolmUn* p u « t a g e )....£ 2 10a.
Oil.US
840.213
Six Mo«.
do.
do.
do,
.. . . H I 10a.
672,152
703,002
3/4,800
305,700
The I stk st o es ' Soi- i' ll n r st wilt be furnished without extra charge
to every saboc-riber a t the Oo w u k k c ia !. t.<u K lvasoial O b b o s ic l k .
664,113,01s
Tne Sta t b a s d O ir r Seriu.KMK-.r will also be fa m ish ed without
76,870,040
Boston...., ......... m c s i.t b i
extra charge to every subscriber o f the CmnwiCLB.
4,857,200)
4.1
The S tre et R a il w a y S p i t l s u e s t will !ncewi-.\ be fa m ish ed with Providence...........2.350.2-14
1,94 U 95
Hartford...
out extra, charge to every subscriber o f the C h s o x ic i . l .
1
503,620
l.Sld,3<34
New Haven. ......
The Q ootatiox SopTLEMKXr, M e e d m onthly, w ill also be furaiahed Springfield,....
1.25&.U1.038,404
...
1,359.952
Without extra charge to every subscriber o f the C h k o x ic l s .
1,154.354
W orcester..........1,41+«.*:>
1.116818
FUe .-overs holding *tx mouths’ Issue* o r speeia! file covers for Sup Portland.............
W ?sa
plem ents are sold at 50 cent* e a c h ; postago on the same 1* 18 cents.
Fall R ir«r............
051.153
407,358
L ow ell........... .
*71,078
323,107
Terms o f A dvertising—(P e r Inch space).
New Bedford......
m st-M -u
89,009,37o
One tim e________________
$3 50
I Three Month* <13 times). .$25 00Total New Rng..
One Month
(A B niesi.. 11 0 0 j S>* Months
<28 " ).. 43 00
ifi.s ti *47 60.243,676
Tw o Month*
<8 18 00 ] Tw elve Months (52 *• ).. 58 00 Chicago..............
8,471,6 0
iz.iQjjm
Cincinnati...*.......
4,663,24?
6.077.82?
(The a bove terms fo r on e month and upward are fo r standing cards.) D etroit........... ....
4.772,304
Cleveland..........
3.dU.S48
London Agents:
M ilwaukee.........
8.719,000
olu m bu s.........
Messrs. E o w u io e A S u tr a . I D rapers' flarden*. E. C .. w ill take sub- C
1.7*6.181
2.0SO.C&
Indianapolis ......
1.502. «48
seripttoas and advertisem ents, and supply single copies o f the paper P eoria...... ..... ..
1.1'
1.4¥7,4»o
1.090.60*
a H a each.
T oledo..,..
Tlil,235
Grand Rapids...,.
:m Xfiri
W I L L I V n It. D A * A C O M P A N Y , P u b l i s h e r . ,
»i?8 m
Dayton...
250.007
Lexington..........
204.421
P in e S tre e t, C o r n e r o f P e a r l S tre e t,
192.400
S aginaw .............
307.11©
&®.m
Kalaraasoo.........
P o st o r v ic r . B o x 95 8.
n e w YOUK.
SI0,600
231,000
Akron.... .... .......
100,624
Bay City*..........
fill 151
177,049
R ock ford.............
152,6ttl
14 4,258
Springfield,, Ohio,.,
104,03
160.619
CLEARIN G HO USE R ETU R N S,
Canton.....,*. **•*•
S63
Yoangstewn*-.-..
T h e f o llo w in g ta b le , m a d e u p b y te le g ra p h , e t o ., In d ica tes
Tot. Mid. West*® IM,310,176 100,024,924
15.02? 1«2
11,490.515)
t h a t th e to ta l b a n k cle a rin g s o f a ll th e c le a r in g houses San Francisco*....,
i. 003 033
1.120,83/
Salt L ikeCUy.......
UH9.:n«8
1.130 944
o f th e U n ite d S ta te s f o r th e w eek e n d in g to -d a y .
. 2, Portland*...........
1,111,050
935,718
Los Angeles.,.*...,
7 tu rn
h i r e been $1,290,577,819, again st $1,221,5 9 3 3 9 3 last w eek and Tacoma........ .
451,660
i i. 429.787
500,-414'
$1,010,339,'*H7 th e co rre s p o n d in g w eek o f last y ea r,
454.028
105.0 n
213.421
Fargo..... ..... .....
212.711
43^7?
Sloax F alls.........
tPftk Ending Oetoher V
CfJUkfttNOS.
22.493,595
16,180,073
Total Pacific.....
RttNtrm by 'tiMgmpk,
WOT.
w on
Per Omt.
Kansas City.
Minneapolis....
Omaha.*... ........
S e n VorX ............................
B o , lo o
...............................
PhUadelpMa
Bxlttntora . . . . . ----- -----------Cltlrat#w --------- --------------- L e a ls
N ew Q tim m
a
a
f8:i7.070,UB3 j
8*,7SfS,5ia
-4+891.725 !
UMvtS.MO
m sm im \
24,010.890
&*91B,76>
f 47I»i27.<5€
77,940,240
49,917,023
10,90+2-81
07,237/205
l3 .7 J t.a 2 i
7,0*»,»SU
+aa*$ St. Joseph ....... ...
+ 27 11 Dec M'oibea........City........♦.
+24-3 aiotkx
Lincoln.............
- 1 0 0 W ichita.............
Seven ©itt®*, 5 day*
OlbiK c lt le ,. A 4»r* ............
* wk »,«77,o w
tii*#-SS*i43
S ?.l3.2.il.«J7
IS t.407.23!
+23-1
+14*2
240,011.80J
* 4 ;n .3 n .9 i 8
130,337. w a
-r25’0
* 82*7
-------....
. .....
. — -.* * ,
T dtal all ©f«Je% i days
A U eitlM . 1 iU y .— — .... ........
T o la ! all elite** fo r w w l „
5l,290r«?7 .S I9
S I,O ld, 339*08 7
+ i fi - i
+ 8-7
-0 1
+271
T h e fu ll d e t a ils o f c i e « r i n g » f o r t h e w e e k co v e re d b y the
a b o v e s t a t e m e n t w ill b e g i v e n n e x t S a t u r d a y . W e ca n n ot,
o f cou rse, fu r n is h t h s m t o - d a y , b a n k c l e a r i n g s b ein g m a d e
up b y th e v a riou s cle a rin g h o u s e s a t n oon on S a t u r d a y , a n d
h e n ce in th e a b o v e t h e f i s t t w e n t y - f o u r h o u r s o f t h e w eek
h a v e t o b e in a ll c a s e s e s t i m a t e d . a s We g o t o p re s s F r id a y n igh t.
W e p resen t b e lo w ou r usual d eta iled fig u r e s f o r th e pre
v io u s w eek , c o v e r in g th e retu rn s f o r th e p e r io d e n d i n g w ith
S a tu rd a y n o o n , Septem ber 23. and th e results f o r t h e corres
p o n d in g w eek in 1090, 1895 a n d 1894 are a lso giv en , Con*
w a sted w ith th e p re ce d in g w eek, th ere la a d e c r e a s e in th e
a g g re g a te ex ch a n g e s o f *• otr- s e v e n t y -fiv e m illion d o lla r s ,
and a t New Y ork a lo n e th e loss is forty -th ree m illions. In
com p a rison w ith th e w eek o f 1896 th e tota l for th e w hole
co u n try sh ow s an increase o f 36 i per ce n t. C om pared w ith
th e w eek o f 1895 th e cu rre n t return s r e co rd a g a in o f 83*4
per cen t, and th e excess ov er 1894 is 80-0 per ce n t. O utside
o f N ew Y o rk th e excess ov er 1898 la 20’8 per oen t.
The
in crea se o v e r 1895 reach es 10'9 per oen t, and m a k in g oom pariaon w ith 1894 th e g a in in seen to be 23 7 per ce n t.
8t. Paul.*........... .
Denver*... .........
Davenport.........
T opeka..............
Frem ont.,,.........
Hastings......... .
T ot, other West.
St, L ouis.....,,
New Orleans...
Louisville.-..
Galveston,... ......
Houston*.
Savannah..,. ......
Richmond...,......
Memphis,........
Atlanta...,..,,, ....
D allas/... . . . . .......
Nashville.,
Norfolk..,, , .........
W aco.................
Fort W orth .........
Attends........
...
Birmingham..........
K n oxville...........
Little R oc k .........
Jacksonville..........
Chattanooga..........
Total South era..
W»* 349
577.mn
1.2 WO75
w«->m*
00-053
4-709.980
91,8 <7
87,8*9.122
26 331.50.3
0,370,302
6.3£0,204
■
4,624.725
£6*9*39£
2 Mi7,492
1.651,30;
1,377.020
9*6,746
882-130
06 7.037
620.0,10
1.4 49.6*2
4 *0,775:
430,262)
209,734
15 0164
270,000
59,824.730
+ 13 0
4*14 7
+10*3
w-SI-4
+10-0
-rfi/y
t r
4*361
4*34 2
162.744i
Total a ll...,...,,. U28,993398j 861,473.387
Outside N. York, *84,013,484 872391,911
303.708
250,404
381,106
181,131
280.199
210.749
115,19ft
139,573
116.281,848
L20S,73O
1,000 000
9*30,421
663 072
524 0U1
3*20,732
202,050
69.010
U.080,272
9.457 828
3,859.480
3.«oy 657
2.247.030
till
+ 17*4
t-25‘1
—2'*
-1 9 0
+39 2
—3*0
-f*8'7':
J414,088
i f f m8-7*0
215,000
51,352.615
711,278
12J44J5C
+23 0
380,573
300,030
&,101,787
* 681.310
4,198.17?
3 227.000
1.210.154
1,158,458
3.376.05"
1.032 300
1,187.2-0
721,007
121,233.056
+34'2
-1 40
GS1.089
1409.220
390 030
35,047.671
2% 208
340,174
224.177
338,480
361 I>3W
207 103,000
II 6.601
19,301,181
7,410,'4in
«
*49,715
102,407.501
3.6Ni,i«0
m.tu*
30,033,429
2
632,38*
042 387
a
4.409,191*
471.020
98?, 40J
1.612.678
1,015,451
1,443,705
1.509,021
733,ysi
755 012
072.&*>9
5M*:UY2
5.017.014
700 QO
HTl.Osl
172,706
268.800
316,1*-2
60-411
-
3,990,304
1.428.203
1.321,817
853,241
534.749
07-,350
83.38+101
1,819,7
4,807,631
1894.
4-6 2
280 30 ___ 294,810
4*60 a 064.640,0
529.960,809
+37 8 87*940.408 72,791,901
6.373.400
4*18 5
1.139,500
*015 9
2.454.00-1
1879,69*
1.043 785
4*14 2
1.404.072
-**21 X
i '.449.1(22
1J64,701
1,178 024
8*17*9
1051.019
1,304.1
+*0*4
1,134 571
8.818 001
taBN9.660
3.174 70S
9SSZVi
Odd,iOf*
l«» im
1876
+70 5 550,087303 489.191,401
0-26 8 03,207.713 57,9114.000
*1-37-8 1•'.241.St0 U,S13,240
-f39 8 11.047.330 110 07+90
4-16*4
-0-1
-10-0
+25-B
d-10*5
1,109,637
017 994
■3-17+58
268,797
80S 034
*00,573
55.741
67 368
33.651,536
m303 004
30J.911
413.537
53,122
02.3
89,176*918
22 532,74
7,9 3.775
5.690,0/3
3,675,788
3.81 L279
3.500,1*1
,
1,140,390
1.212,701
19,13*1.580
807,014}
753,769
787,180
7-37,83?
0 316,033
4,736.853
2,781.180
8,200,000
8.068*759
1,2-9,007
825,211
I I
I?S
GBfl
375 3a0;
800,000
1K4.221
225.000
58 031,670
849.742
216,470
175,__
000
47,010,973
+56’ 1 096,099,331 830.542,268
+29’ 0 ~430.4l2,92& "391^806
12,000.690
10,777,814
6,291,104
S t
1,183,840
1,028.818
+1 9
1,020.049
+81-0
+1*7
592,933
-f-16’7
80.,80.8»» -+ ie ^
11371.684
6.823,901
1.046.049
1,116,628
S.O10 380
Wptpipefifi..,** ...r,
607,474
m,450
H am ilton,,... . . . . .
651,051
037.690
St.-Tolm*............
U 2lT.2f.y ” 20 208 407
Total Canada..
Sot u«Iud,a i* total,.
+ l'obIlratton4ls,»otlBuea for the preseat.
M ontreal.,...,.,.,.
Toronto ......... .
Halifax. ....... .
J2.3C43357
594
THE CHRONICLE.
THE FINANCIAL SITUATION.
Trade reports, railroad earnings and clearings all
continue to afford evidence of improving business
conditions. Aside from these there have been no
new developments other than lower foreign exchange
rates, a decided set-back in the new silver speculation,
and the agreement between the Government and the
Reorganization Committee about the Union Pacific
foreclosure sale, ensuring (unless unforeseen obstacles
should arise) the speedy rehabilitation of this import
ant property.
The latter will be a most desirable
consummation from an industrial point of view.
Besides, such a result means, too, a very timely
aid to the Government in the'matter of adjusting
its finances to its deficient revenue this year; for
the money the Government is to receive will not only
enable it to pay the $29,904,952 Pacific Railroad bonds
that fall due on the first of January, but will leave a
considerable balance, which can he used to carry the
Treasury through until its income from duties begins
to increase.
A circumstance which aided the current week in de
pressing the stock market has been the yellow fever in
the Southern States. It is apparently just now on the
increase. At New Orleans this is evidenced not only
by the number of cases reported but by the spread of
the contagion. Of course an attendant difficulty is
the restriction put upon railroad business. At first
this was confined to passenger traffic. Latterly it has
been extending to freight. Efforts are making by the
health boards to have this feature less severe, and
there seems to be reason for the expectation that they
will meet with a fair measure of success. But while
the fever and the fear of contagion continue at the
present height, and that means while the hot weather
lasts, there seems little reason to anticipate any radical
change, in arrangements. Probably these quarantines
and consequent partial suspension in business opera
tions arc an explanation of the decline in the movement
o f currency to the South. The outflow was less active
last week and this week the movement in that direc
tion is still smaller ; there has been, however, the last
few days, quite an outflow of currency to the East and
Middle States, due, it is said, to preparations for first
<of October payments.
The new life that the Bank of England and the
French officials put into the silver market, which
found expression in higher prices for bullion, has, as
stated above, suffered a relapse, the decline subsequent
to the meeting of the London bankers to protest
against the proposed action of the Bank of England
having been just about as rapid as the rise had been.
It will be remembered that last week Tuesday the
price reported was 27£ pence; on Wednesday of- this
■week the cable from London stated that the market
was weak at 25 pence per ounce, which made the
price here 53.) cents. Since Wednesday the London
market has risen again, the quotation Thursday being
25£ pence and yesterday 26 pence. We presume the
French authorities are giving new assurances to our
'Commissioners to keep up hope among them that
something will be done. It should be borne in mind
that nothing would suit the French situation better
than to give new activity to the silver movement here
and have it successful. It is absurd to entertain the
idea or expectation of free-silver coinage in France
unless Germany and Great Britain open their mints
too. Everybody knows that France tried to support
[V O L . L X V .
silver, just after Germany demonetized the metal, and
failed. She tried then with every condition favoring
the value of silver except Germany’s action, and she
and the other Latin nations gave it up after seeing
that tlifeir effort could not even arrest the decline and
still less could restore price. But France has silver
to sell and would like to see a market made by
us to sell it on. The Bank of France does not carry
$244,000,000 of silver in stock because it wants to. It
stands as evidence of the great excess of silver circula
tion in that country—an excess which cannot but be
come more troublesome with the late extreme decline
in the value of that metal.
We referred last week to the possibility of the early
opening to settlement of the Indian Territory and
spoke of the advantages to result from such a step to
the Missouri Kansas & Texas, which traverses the
Territory from north to south. The event seems to
be nearer than was thought likely at the time. On
Tuesday of this week Mr. H. W. Poor, of this city,
"eceived a telegram from President Rouse, of the Kan
sas & Texas, saying that the treaty between the
Dawes Commission and the Creek tribe of In
dians had been signed the day before and
that it provided for the unrestricted allotment of
160 acres to each citizen, with right to sell at any
time. The 600,000 acres remaining after allotments
are made will be sold at public auction to any pur
chaser. The Treaty also provides that all mineral
rights go with the land. It is thought that as a
result of the Treaty the Creek Nation will be
opened to settlement within six months. We un
derstand that negotiations will also now be be
gun with the Chickasaws and that a settlement
with them is expected on the same terms.
This
would give a much larger body of lands for sale to
settlers than the arrangement with the Creeks. While
speaking with reference to the Kansas & Texas wo
may note that as far as this road at least is concerned,
there has been some improvement also in the matter
of the embargo on traffic imposed by the yellow fever
restrictions. A telegram from President Rouse yester
day stated that the quarantine at Dallas and all points
South as far as La Grange had been raised the day
previous. Mr. Rouse says that the detention of
traffic on account of yellow fever is serious only at
Houston.
The stock market has continued weak, but this has
not been because returns of earnings have not come
up to expectations. On the contrary, the returns
now being received are the best yet reported in the
present era of improvement. They furnish evidence,
too, of how great has been the betterment in the affairs
of the roads. Quite a good many statements, for in
stance, have been published this week for the month
of August, covering roads in all parts of the country,
and almost without exception they are extremely
favorable. The full list will be found in the usual
place in our railroad department. We shall refer
here only to the figures of a few leading roads, these
however being characteristic of the whole. Thus
the Burlington & Quincy reports for the month an
addition to its gross of $739,746 and an addition to
its net of $358,074; the Milwaukee & St. Paul an
addition of $256,248 to gross and $246,362 to net; and
the Canadian Pacific $344,630 to gross and $189,546
to net. These are all roads in the Northwest. Turn
now to those in the Southwest. There we find the
Atchison reporting $536,120 increase in gross, $169,325
OCTOBEH 2, tijaT.J
THE CBRONICLE
505
Money on call, representing hankers’ balances, loaned
increase in net, and the St. Louis & San Francisco
*99,909 increase in gross, 101,230 increase in net. this week at the Stock Exchange at 24- and at 4
In the South we have the Southern Railway per cent, until yesterday. The higher rate was recorded
showing $162,550 improvement in gross and on Monday, when there was an impression that money
$50,817 improvement in the net, the Louisville & would he more active by reason of the reduced bank
Nashville $127,315 improvement in gross and reserves, but very little was loaned at that rate, and
$133,749 improvement in net, and the Chesa nhe principal transactions were at 3@3A per cent.
peake & Ohio $144,150 improvement in gross and Large lenders later offered money freely and the
$43,036 improvement in the net. Nor are the anthra range for the remainder of the week was from 24 to
cite coal roads exceptions to the rule. We reported 3| per cent until yesterday, when there was a tem
last week the results for the Central of New Jersey, porary spurt to 4+ per cent, the close being at 3) per
showing $111,513 gain in gross and $99,199 gain in cent-. The average for the week has been about 3 per
net. This week we have the return of the Reading as cent. On Wednesday afternoon, after the requirements
well as that of the Lehigh Valley, and they are both for the day had been satisfied, money was offered down
equally favorable. Not to speak of the expansion in to 1 per eent, but no loans were made at that
the gross, net for the Beading (combined coal and rail- rate. Banks and trust companies quote 3 per eent
road operations) at $989,178 for 1897 compares with \as the minimum on Stock Exchange collateral and
$874,601 for 1896, and net for the Lehigh Valley at ! some banks are obtaining 4 per cent on call on
merchandise warehouse receipts. The business in
$658,679 compares with $500,299.
Among the trank lines the Erie has been favored time loans is chiefly by institutions other than banks,
with an addition of nearly half a million dollars to its and first-class security is required. Rates are 3 per
gross, with $100,977 addition to the net. The Wabash cent for sixty days, 34 per cent for ninety days, 4 per
shows an improvement of $154,978 in gross and o f : cent for four and 44@5 per cent for five to six months.
$95,127 in net. With reference to this latter property j The demand for commercial paper is only fair and
President O. I). Ashley is quoted by the New York chiefly from out of town, while the supply is not large;
News Bureau as saying that the Wabash for August but increased off rings are expected early in October.
made the best showing of net earnings of any road Rates are firmly held at 4§@4£ per cent for sixty to
that has yet reported on a similar mileage. He says ninety day endorsed bills receivable, 44@6 per eent
the prospects for heavy railroad earnings are for first-class and 5@ 6 per cent for good four to six
excellent and should continue so, although some tem months’ single names.
The most important political event of the week in
porary slackening of the movement is likely to occur
at times on account of the congestion of grain at Europe was the resignation on Wednesday of the
Chicago. The Wabash, he adds, still feels the effect Spanish Cabinet, due, it is said, to the failure of
of the non-resumption of work by the bituminous |Prime .Minister Azcarraga to reorganize the Conserva
miners in the Illinois district, but this trouble will j tive party. It is expected that the Liberals will se
soon he over. The company in August, on account cure the Ministry, in which case a change m the Cuban
of the strike, had to pay about $27,000 more for fuel policy of the Government will probably follow and an
autonomous administration of the affairs of Cuba
than in the same month last year.
Perhaps the very best indication of the great im be adopted.
provement in the railroad situation which is taking
The Batik of England minimum rate of discount
place is furnished in the return of the Pennsylvania remains unchanged at 24 per eent. The cable reports
Railroad. The Pennsylvania, as is well known, is a discounts of sixty to ninety day bank bills in London
representative road, typical of the country's industries, 2 per ceut. The open market rate at Paris i s per
though this time it was adversely affected in an im cent and at Berlin and Frankfort it is 3 f per cent.
portant degree by the strike of the bituminous coal According to our special cable from London the Bank
miners, which, as will be remembered, continued of England lost £270,337 bullion during the week and
through the whole month o f August, and was not |held £34,366,741 at the close of the week. Our cor
settled until September. Yet notwithstanding that respondent further advises us that the loss was due to
strike the company's return for August shows $538,200 the import of £123,000 (of which £100,000 were from
increase in gross and $356,000 increase in neton the lines the Cape and £23,000 from Australia), to the shipment
east of Pittsburg and Erie and $287,200 increase in gross of £90,000 net to the interior of Great Britain, and to
and $218,400 increase in neton the lines west of Pitts the export of £303,000, of which £272,000 were to
burg, making together $825,400 increase in gross and E ypt and £31,000 to the Continent.
The foreign exchange market was firm on Monday,
#574,400 increase in net. These gains, it is proper to
say, do not equal the losses reported last year, the fall when it was influenced by a demand for long sterling
ing off on the combined lines then having been $1,400,- j partly caused by purchases to cover last week’s im
900 in gross and $974,400 m net; but we may be sure portation of gold at San Francisco from Australia#
that except for the coal strike the full amount of the There was also some buying of short sterling to cover
loss would have been recovered. The following com previous sales of long bills which drafts were then
pares the earnings on the Eastern lines for a series of running to sight. On the following day the tone
years.
grew easier in consequence of offerings of commercial
oills against cotton and grain, and the demand was
1842.
i.,***
»»
i«,7.
m a.
m s . ] 10*1.
PlTT»B0RO.
lighter. The market was easy for the remainder
|
Acquit.
|
*
$
*
i
»
of the week, and the business was small on Wednes
&m§$ u n i at,
j
i
5.471,07;
Some bankers arc of .the opinion
O w s i'*
) %,w i
3 /0 Us t 4 m u i - day and Thursday.
JMNKMM* n mo urn
803 that rates will soon decline to points which will per
1**1 NffBUffc**. . 1 *.f?7,805 1,931,916 2.S05.515 2,314.418
im . t m a m* 31-;
mit of a frve movement o f gold from Europe as an
Sro** m m m * m .. f» aw.73?
! »,o#0.131Mfr.-4* SS8 47,0051.41> 44 80,791
exchange
operation, while other bankers are nob so
txpw um . 8 M7,7 9
2,4W,4*9 *8.152 *05 *2, 3513'fi 4-,mS 1546
Wet rnmmmgw,. , 1*° '*<•
r .me? i H t'M “' ■> 6* WY 1- 1'* ' ffr*1 i •i t ,f m confident of an early fall in rates; but all admit that
'59B
THE CHRONICLE,
[VOL. LXV.
Net Interior
current quotations cannot long be maintained. Tbe
Received by Skipped by
Week Ending October 1,1897.
V. V. Banks. N. Y. Banks.
Movement.
range for nominal rates on Monday was from 4 83}
Currency........................................... $2,408,000 $6,562,000 Losa.$4,l54,00<>
to 4 84 for sixty day and from 4 854 to 4 86 for sight,
392,000
482,000 Loss.
90,000
and Brown Bros., the Bank of British North America
Total gold and legal tenders___ $2,800,000 $7,044,000 L os.$ 4 ,244,01*0
and Heidclbach, Ickolheimer & Co. advanced their
With the Sub-Treasury operations the result is as
figures half a cent. The only change made in follows.
rates for actual business was an advance of
Into
Out of
Net Change in
Week Ending October 1, 1897.
one-quarter of a cent for long, compared with
Banks.
B >nks.
Bank Holdings.
the close on Friday of last week, to 4 83@4 83.}, Banks’ interior movement,as above $2,800,000 $7,044,000 Loss.$4,244,i»iio
12,100,000 13,100,000 Loss. 1.000,000
short sterling remaining at 4 85@4 85} and cable
Total gold and legal tenders...... $14,900,0001 $20,144,000 Loss $5,244,000
transfers at 4 854@4 85}. Though easier on Tues
day, no change was made in rates for actual business,
but on Wednesday there was a reduction of one-quar GOVERNM ENT D EFIC IT AND PROSPECTS.
Treasury receipts and disbursements in September
ter of a cent, to 4 82}@ 4 83 for long, 4 84}@ 4 85 for
short and 4 85}@ 4 85} for cable transfers, and the ! have fully supported the forecast made of them in our
market was quoted steady at the decline. On Thursday remarks (September 4, page 391,) when the month
afternoon Brown Bros, reduced both long and short opened. In speaking of the large deficit the August
sterling half a cent, making the range from 4 83 to returns disclosed, we stated in substance that it did not
4 84 for sixty-day and from 4 854 to 4 86 for sight, 1warrant the conclusion many had drawn from it of a
and the market closed weak though not quotably corresponding deficit for the following month or for
lower except for cable transfers, which were reduced |the year. \Ve gave reasons for the belief that though
one-quarter of a cent, to 4 85@4 85}. There was an j there was no promise of a large income at present
arrival of 81,000,000 gold on the Saale for the City from duties on imports, it was certain that the dis
Bank and it was reported that a large amount of gold bursements would be much smaller in September, and
had left Sydney, N. S. W., on the 27th of September j the deficit consequently materially less wlide the in
for San Francisco. Yesterday rates for actual busi come- from internal revenue taxes, although compar
ness were reduced one-quarter of a cent for both long atively large in August, was certain to show an ex
and short, with cables remaining unchanged. The panding tendency shortly, some indication of which
following shows daily posted rates for exchange by might possibly be observable in September.
The Government is by no means tvholly out of the
some of the leading drawers.
OUT.Y POSTED RATES FOR FOREIGN EXCHANGE.
woods yet. At the same time it is gratifying to know
that September, the second month in the operation of
THOR., F ri
FRI..
Mon .. TOSS.. w —
Sept. 24. Sept. 27. Sept. 28 Sept. 20. Sept. 30. Oct. 1.
the new tax law, has passed and by itself affords under
83^-3
83%
S3
83
834$
Odays.
«s«
Brown'Bros....... 1t (J
86-5%
85%
85%
80
80
89
Sight....
the circumstances a highly satisfactory record.
Of
84
84
84
ST
84
84
Baring,
S60 days.
86
86
86
86
86
Magbun & Co.. {Sight....
86
course each succeeding month brings the time nearer
84
84
S3%
84
84
83*
5 60 days.
Bank British
86
86
86
86
8o
8S>% when the Treasury will get the full benefit of the
No. America.. { Sight....
84
84
84
84
84
84
Bank of
(60 days,
86
86
ea
86
86
higher taxes.
After that day has been reached a
80
Montreal....... i Sight....
83*
S3*
8
3%
83%
e3*
Canadian Bank (60 days.
?w
sufficient surplus is assured, unless peradventure dis
85%
85*
85}$
8t%
85%
of Commerce. { Sight....
86*
84
84
84
83*
84
84
Heidelbach, lek- S60 days.
bursements go on increasing as they have done in
80
854$
80
86
86
80
elhcimer & Co i Sight....
84
84
84
84
84
84
60 days.
Lazard Freres... J
recent years.
Of course if they are to be added to as
86
80
86
{Sight....
66
86
80
84
84
84
84
84
84
Merchants’ Bk. ( 60 days.
in
the
past,
no
system of taxation can keep up with
86
Sri
80
86
86
) Sight. ..
86
of Canada..
the
outgoes.
To
prevent their growth Congressmen
The market closed easy on Friday with the range
will
have
to
mend
their ways.
It
cannot be
for nominal rates 4 83@4 84 for sixty day and from
done
if
we
must
have
a
navy
that
will be
4 854@4 86 for sight.
Rates for actual business were
adequate
to
meet
the
wants
of
the
aggressive
4 824@4 82} for long, 4 84}@ 4 84} for short and
If we are to
4 85@4 85} for cable transfers. Prime commercial spirit which has of late been in control.
indulge a quarrelsome attitude with reference to
bills were4 82@4 82} and documentary 4 S14@4 81}.
The following table indicates the amount of bullion every international difference, it will be equally idle
in the principal European banks this week and at the to anticipate a surplus. Quick to give and take of
fense not only shows lack of dignity but gives rise to
corresponding date last year.
a state of affairs in which war is a possibility at any
September 80,1897.
October 1,1896.
time
and makes necessary a large standing army as
Bank of
Silver.
Total.
Gold.
Gold.
Silver.
Total.
well as a navy. Moreover, such a course calls also
£
£
£
£
*
For we have an
34,306.741 40,386,442
*
England....... 84.366,741
40,386.442 for other classes of disbursements.
France........ . 79,723.800 48.516.832 128,239,132 79,030,431 49,753.20? 128,783.701
extensive
coast
line
along
two
oceans
vulnerable
at al
Germany*.... 28.175.000 14.514.000 42.689.000 27.031.000 13.740.000 40.777.000
AusL-Hung’y 38.027.000 12.512.000 50.539.000 29.054.000 12.795.000 41.819.000 most every point.
What an almost limitless expendi
9.028.000 10.600.000 19.628.JOI 8,523,000 10.510.000 19,038 00f
Spain......... .
2,635 00< 0.SI2.OCO 9,477,0* < ture for forts, guns, torpedo boats and the like all
Netherlands. 2.630.000 0,830.001 9,460,0O(
Nat. Belgium* 2.806.00 ) 1.403.000 4,209,00f 2.659,333 1,829,067 3,989.' 00 this suggests to the mind!
Tot.thlswcek 194.758,5*1 94,374,332 289,130.87.3 189.324,209 94,975,934 284,300,143
We only mention these matters to remind our
Tot. prev.w’ k 196.721.003 95 045.646 291.-66,648 193.9.37.343 96 239,482 289,476.825
'T h e division (between gold and Bilver) gtvan in our table of ooin readers that there are a good manv points to be
and bullion In tbe Bank ot Germany and the Bank o f Belgium is made watched.
The Treasury unfortunately is behindhand
from the best estimate w e are able to obtain ; ia neither oase is it
to-day
and
must
continue in that condition for months
olalmed to be accurate, as thoBe banks make no distinction in their
weekly returns, m erely reporting the total gold and silver, but we be to come.
But there is good promise of complete re
lieve the division w e make is a close approxim ation.
N ote .—We receive the foregoing results woekly by oahle, and w m > lief if we carefully guard our speech and our appro
not all o f the date given at the head o f the oolutnn, they an- tin- t i - priation bills.
As already stated, the September situ
turns issued nearest to that date—that is. the latest reported figures
ation is far better than that for August. The deficit
The following statement gives the week’s movements in September (according to our statement, which in
. of money to and from the interior by the New York cludes the Bank Note Redemption Fund) is only $3,
bttllK S.
012,000, whereas in August it was 814,131,000. In the
October 2 tsaT.j
THE
CHRONICLE.
697
Altogether, as these facts show, Treasury finances
matter of receipts and disbursements both items are
more favorable, the receipts being §22,632,000 in Sep appear to present a more promising outlook than has
The gold on hand is
tember, against 120,-±19,000 in August, and the dis generally been anticipated.
bursements were only §25,644,000, against $34,550,000 abundant, September closing with net holdings of
The foreign trade situa
last month. A further satisfactory fact is that the nearly 147f million dollars.
income from internal revenue shows another and a tion also is such as to make drafts on this reserve for
decided addition, although last month’s total was large export a remote contingency. For these reasons no
considering the extensive payments which were an misgiving has been felt except lest the general balance
ticipated during the closing weeks of tariff legislation. would be so far reduced by deficits in January and
The total internal revenue receipts in September were later months as to*require a resort to a bond sale or
§12,702,"'.mi, against $11,193,000 in August ; which some other measure for replenishing the Treasury
compares with $11,680,000, the average for the calen cash. This feeling now will likewise be at rest.
dar year 1*94. with $11,524,000 average in 1895 and j We should add that the figures of receipts and dis
with *12,279,000 average for the twelve months of 1896. bursements given above are made up from the daily
The current month, October, will presumably af returns, and that the results may differ slightly when
ford a less favorable exhibit— very likely it will prove .»the monthly figures are received, which we shall pub
to be the least favorable of any month until January, lish as usual next week. The month’s results will not
though then, or sooner, as we shall presently explain, affect at all onr conclusions.
a new source of cash receipts will he available
that will help relieve any possible Treasury de
OCR F O R E IG N RELATIONS.,
ficiency. There are interest payments, as stated
As the date for the re-assembling of the Fifty-fifth
by ns last wedk, that fall due the first of Congress approaches, interest naturally grows in the
October, of about 5| million dollars.
We know probable action of that body on the numerous pending
very little about the other payments, but a- disburse questions of home and foreign policy. In some degree
ments were under the average in September this year this interest and conjecture has already been reflected
and as October disbursements are usually large (the in the financial markets, where a feeling seems to
total having been $34,428,000 in 1896 and $35,092,000 exist that disquieting controversies are possible. It
in 1895), we think it wise to assume that they will he j is not too early, therefore, to review the nature of the
large this year, and that the month will consequently problems which wilt come before onr legislators.
show a very consider.able deficit, although the interna! j We have no great, misgiving as to what Congress
revenue receipts are likely to be further added to in will do iii matters of domestic policy. The people
some measure. In November, judging from the dis have been doing a profitable business and they are
bursements of former years, the deficit will bo some gern.-rally contented. It is reasonable to assume from
what less and in December it will further decrease, experience Unit when the agricultural communities
but we should not be surprised if in each month it have been earning large profits without free-silver
were in excess of the September deficit.
coinage, they and their representatives will leave the
In January or earlier the Government Treasury, it is j country at rest from silver agitation. We hardly an
believed, will receive a round amount of cash from an ticipate even the anti-railroad demonstration which in
unusual source. The expectation has been that the the last few Congresses has arrived as regularly as the
deficit would be very large in January. Besides the |first Monday in December, for the fanner's transporta
ordinary interest payments and the unusually heavy ; tion problem this season has been not how to save a
disbursements always falling in that month, the Gov profit over freight rates to market, but how to get his
ernment has a special call to meet this year. Accord produce moved quickly at any price. In short, we an
ing to our monthly arrangement of the Government ticipate a quiet session so far as concerns domestic mat
debt (the last statement being published last week, ters, usually provocative of agitation. As regards the
page 549,) it will be noticed that on the first of Janu currency question, we are inclined to expect progress
ary 1898 there will fall due $29,904,952 of the bonds towards good results from what Congress will attempt
issued in aid of the Pacific Railroads. It is well j to do, even if what is most desirable is not actually
known to onr readers that
in January 18971accomplished.
the
Attorney-General of
the
United
.State.-] We have on our hands this year, however, a number
entered into an agreement with the Fitzgerald j of more or less urgent questions affecting foreign re
reorganization committee for the foreclosure sale of lations. These questions are at present a doable
the L niott Pacific property under both the first mort- j source of doubt and spec ulation ; first, because it is un
gage and the Government lien, a syndicate guarantee- certain exactly what attitude the Administration will
i ng the Government as a minimum bid (see Ciruoxi-1 take concerning them in its formal eommunication to
<l e , \ okiroe 64, page 235,) $45,754,000. In that pro Congress two mouths hence ; and, second, because the
ceeding a decree of foreclosure and sale was granted j public has very little clue as to the probable action of
by Judge Sanborn July 29, and the sale is now being j Congress itself. The President’s message will of neces
advertised to take place in the city of Omaha on the j sity deal with the three problems of Hawaiian annex
first day of November. Rumor says that in view of j ation, Cubau affairs and the Behring Sea fisheries.
the better business prospects the syndicate has this |Important enough in themselves, these questions in
week agreed to pay a larger sum for the Union Pa volve, more or less remotely, the relations of the
cific property than was originally fixed. However that j United States with Japan, Spain and Great Britain.
may be, out of this affair whenever the sale occurs the A controversy affecting such relations is always a
Government finances will be materially reinforced and ' matter of extreme delicacy; we think it, therefore,
.Secretary Gage will in large measure be relieved from j well worth while to recall to our readers the facts at
anxiety respecting future monthly deficits until ('us- i issue.
toms duties increase sufficiently to turn the deficits : Last June, in connection with the President's annex
into a surplus.
ation message, we discussed at some length the merits
598
THE CHRONICLE.
of the Hawaiian question, and pointed out some rea
sons which have been advanced to show that the acqui
sition of these islands would be a detriment to the
United States. These adverse arguments had their
basis, it will be remembered, in the conviction that
Hawaii, once admitted to the Union, would sooner or
later force its way into the privileges of Statehood.
We should, in other words, presently be dis inguished
with two new Senators and at least one new repre
sentative in our Federal Legislature, elected from a
constituency 75 per cent of which is made up of aliens
both in nationality and race. We should, moreover,
be reduced to the necessity of doubling or trebling
ourj Pacific Ocean fleet to defend in an emergency
what would thereafter be an integral part of the
United States.
Both the President and Secretary Sherman, in their
State papers on the subject last June, appeared to in
cline towards annexation. We had hoped that in the
interval between last June and the coming session,
some expression of popular opinion on the question
might be evoked, such opinion having clearly been
invited, both by the argumentative tone of the Execu
tive documents and by the willing postponement in
the Senate of action on the treaty. But the matter
seems to have attracted little general interest; it could
hardly be described this summer even as a topic of
newspaper discussion. Such public apathy proves, to
be sure, that the people have not seriously resolved
that they want Hawaii in the United States; if they
had reached such a positive decision they would easily
have found means to make it known. But unfortu
nately the lack of popular interest also gives a chance
for the admission of this alien State through sheer in
difference. Not only has the annexation plan itself
been treated thus indifferently, but, what, is more curi
ous, the attitude of Japan has been almost completely
ignored by press and public. On June 15, the Jap
anese minister at Washington formally announced to
Secretary Sherman that his Government must know
what guaranty our treaty with Hawaii provided “ for
the preservation and maintenance of the rights ac
quired and enjoyed by Japan ” through its own treaty
with the Island Government.
Not being satislied, apparently, with our State Department’s some
what general answer to this inquiry, the Japanese
Minister, four days later, filed a formal protest against
annexation on the ground, not only that rights of
Japanese residents might be jeopardized, but that
“ the maintenance of the status quo of Hawaii is
essential to the good understanding of the Powers
which have interests in the Pacific.”
We shall not undertake to pass judgment on the
merits of the Japanese side of this discussion. The
fact is obvious, however, on the face of things, that
we are on the verge of possible unfriendliness with a
neighboring State.
The question thus simply pre
sented is serious enough, and it deserves much more
serious consideration than it has yet received even if,
as for our own part we certainly believe, no hostile
demonstration is to be expected in case of ratification
of the treaty.
The Cuban question has undoubtedly assumed a
somewhat new phase since the death of Oanovas, the
chief supporter of the policy of uncompromisin sup
pression of revolt. Indeed, if it were not for the
unpleasant feelings already excited among the Span
ish people towards the United States, we should say
that the problem is nearer a satisfactory solution
[VOI, L X V ,
now than at any time since the outbreak of the re
bellion.
This week’s events— the downfall of the
Spanish Ministry whose programme was continued
use of force, and the prospect of a new Ministry led by
the advocate of conciliation—point of themselves to a
favorable outcome. It is, however, a curious incident of
this controversy that in proportion as the anti-Spanish
sentiment has died out among our own people, antiAmerican feeling has grown and spread among the
Spaniards. That the jingo sentiment regarding Cuba
has largely spent its force in the United States is wit
nessed by the disappearance o f the lurid “ scare
heads ” which used to be spread daily before readers
of our sensational newspapers. Those who prepare
the material for such publications are of necessity
close watchers of floating popular opinion ; their guid
ing motive naturally is to give the sensation-loving
portion of the public what it wants. If such caterers
to the public taste have relegated Spain and Cuba to
a subordinate place, we have some reason to infer that
the public, of all classes, has lost its interest in the
matter.
But it could hardly be expected that the Spanish
people -would instantly recognize such a change. A
proud community, they have been stung by the whole
sale invective poured by our press upon their nation
and Government, exactly as our own people, thirty-six
years ago, were touched to the quick by the similar
comments of the English press. Current dispatches
regarding popular feeling as expressed towards our
minister at Madrid reflect this situation, which is deli
cate enough to need most careful handling.
The controversy with Great Britain over the Alaska
sealing question differs in many respects from these
other open or veiled disputes. It has a somewhat un
usual character by reason of the plain-spoken language
of the communications exchanged between the two
Governments. Our own State Department, as long
ago as last May, plainly declared that the character
of the expert report on which the English Govern
ment based its unwillingness to arbitrate the sealing
restrictions further was “ greatly impaired by the ap
parent subjection of this report to the political ex
igencies of the situation.” The letter of instructions
containing this criticism—a copy of which was ordered
forwarded to Lord Salisbury—went further in declar
ing that “ upon Great Britain must therefore rest, in
the public conscience of mankind, the responsibility
for the embarrassment in the relations of the two na
tions which must result from such conduct.”
The exchange of views between the governments
thus early assumed a tone not very common in
diplomacy, where accusation and innuendo are ordin
arily expressed, if they are expressed at all, in the
most cautious and guarded language. Two months
later, the British Colonial Office answered this com
munication in similarly pointed language, going so
far as to say that our State Dej>artment’s intimation
regarding the expert report “ is not warranted by
any facts contained in the report” , and that in regard
to certain previous incidents in the sealing negotia
tions, “ Mr. Sherman appears to have been misin
formed as to what actually took place.”
We do not of course look on this matter as contain
ing the germs of any serious dispute. Indeed we can
not wholly escape the feeling, shared, we believe, by
most people familiar with the controversy, that there
is an almost comic side to this issue and counter-issue
of diplomatic manifestoes over such a question as the
Octobeb 2, 1897,J
THE CHRONICLE.
propagation of a herd of seals. Xothing, ire think,
except a feeling among the diplomats themselves that
the issue is small and insignificant conld have made
possible the blunt accusations and retorts in both
State papers. Had a really serious question been at
stake, a dispute involving even remotely the possibil
ity of diplomatic rupture, we are quite sure that
letters from Washington and from Downing Street
would have been worded very differently, and that
neither dispatch would have been given ont by its
authors, as was done witkboth, for newspaper publica
tion while the correspondence was in progress. In
fact, despite the various reports of “ hitches” and dis
agreements, appearances this week have indicated
Great Britain’s disposition to concede the main point
asked rather than stir up further quarrel over so petty
a matter.
Therefore, although the settlement of the question
still remains in abeyance, we do not regard it as a
necessarily disturbing factor. The English Govern
ment is conciliatory, and we have certainly no motive
to provoke actual bad feeling. The only danger of the
situation is the risk which always attends an interna
tional discussion into which an unfriendly spirit has
intruded, even by implication. In the Japanese and
Spanish controversies the real situation is of similar
character. In these questions, too, prudent diplomacy
and cool-headed legislation may avoid even a passing
unpleasantness.
But both are indispensable. We
are no advocates of a timid and nerveless foreign
policy as such a policy is conceived in the traditions
of the world’s diplomacy. We believe that the United
States ought to insist firmly upon its rights in the
family of nations and ought to support its just
claims with dignity and unswerving adherence to its
purpose. But it is in the highest degree important
that the existence of such rights and the justice of
such claims should first be ascertained. Shifting and
weak diplomacy is usually the characteristic of a State
which advances claims and pretensions without first
making sure of their propriety. Such hasty and illconsidered action is extremely unfortunate, because it
leaves only two alternatives—to back down awkwardly
from a wrong position or to maintain that position in
defiance of the rights of nations. The United States
has no excuse for exposing itself to either alternative,
and it would never be so exposed but for the influence
of a restless element among our legislators which
construes a “ vigorous foreign policy ” aa a policy
of doing whatever the moment's instinct prompts
without regard to the feelings or privileges of other
States.
We do not believe that the people are in sympathy
with any such policy : least of all at the present time,
when the trade prosperity which all are enjoying
could be so quickly marred by a foreign complication.
We are very sure that the Administration is wholly op
posed to disturbing action of the kind. Even Con
gress must feel that conditions have changed since
two years ago, when the policy of foreign agitation
was deliberate!v adopted by a legislative faction to
embarrass the plans and purposes of a sound-money
Executive. If the people at large will take that in
terest in oar foreign relations which every intelligent
voter ought to take, there will be no foreign embroil
ment, But the people ought to make very sure first
that they understand the facts at issue and are not
mt*led by the fictions or distortions of the sensational
p rog s.
599
SOUTIFERX R A I L W A Y P R O P E R T Y .
One can never take up a report of the Southern
Bail way without being impressed with the great trans
formation which has been effected in the condition of
the property since it passed into the hands of the
present company. The old Richmond Terminal con
cern, out of which the present Southern Railway sys; tern has been formed, was not only hopelessly insol
vent, but it appeared to have no future whatever, and
its name was the synonym for all that was bad and dis
creditable in railroad affairs. In management, in meth
ods, in financiering and in book-keeping, the new com
pany is about as different as it wrell could be from the
old. Indeed, the new men in control seem to have
made it a study to eliminate all the weak and objec
tionable features and practice associated with the old
undertaking.
The results of operations for the fiscal year ending
June 30 1897 were foreshadowed in a preliminary
statement published by us four weeks ago in the
O h r o n i c &B of September 4.
The complete report
for the year is now at hand permitting a closer study
of the accounts and doings of the twelve months. The
conclusion to which one is led from such a study is
that the property has through the reorganization been
placed on an assured basis, and that, given favoring
conditions, it must prosper. Even during the late
year, when the conditions were the reverse of favor
able, the company did wall and earned a fair surplus
in excess of expenses and fixed charges. It is of
course well known that during the greater part
of the twelve months business was very much
depressed. In addition the extensive floods in
the Mississippi Valley last spring seriously inter
rupted traffic, necessitating the abandonment of
all train service on the company's lines in Mississippi
west of Itta Bena during the months of April and
May. Gross earnings for the. year did not differ
greatly from those for the year preceding, there being
a decrease, but only to amount of $2,747.
This
loss, however, small though it is, is indicative of the
adverse character ot the conditions and influences pre
vailing, for it was made in face of an increase in
the mileage operated, the average for 1896-7 having
been 4.806 miles, against 4,574 miles for 1895-6. In
the freight earnings there really was an increase (in
amount $331,061) and there was also a considerable in
crease in the mail earnings; but as against this there
was a decrease of $ 155,065 in the passenger earnings,
which latter plainly reflects the depression in business
that marked the year.
With $2,747 decrease in gross earnings, expenses
were reduced $218,291. thus giving a gain in net of
$215,544. This, while a very satisfactory showing
under the circumstances, was yet in one sense we
imagine a disappointment. We mean by this that the
promoters of the reorganization when they formulated
their plan must have looked forward to much better
earnings by this time. It will be remembered that
under the reorganization the property was not bur^
denod with the full fixed charges at the outset, but
counting on considerable improvement from year to
year these charges by tin terms of the reorganization
were allowed gradually to increase till finally the
maximum figure should bo reached. In the late
year the call for interest and rentals was nearly
four hundred thousand dollars larger than for
the year preceding.
The addition to net earn
600
THE CHRONICLE.
ings we have seen was only $215,544. Nevertheless
these net earnings were sufficient to meet the charges
in full and leave a balance of £445,920 on the opera
tions of the twelve months. The result is particularly
gratifying, as the charges have now pretty nearly
reached the maximum provided under the plan of re
organization. The interest requirements for the cur
rent or new fiscal year will not materially exceed those
for the year recently closed. We may note, too, that
the company earned the surplus referred to on an av
erage rate per ton per mile of less than one cent, it
having received only O'976 cent per ton mile.
With reference to the outlook for the immediate
future, the property will of course share in the revival
of business which is under way. Referring to the evi
dences of improvement in trade now so manifest, Pres
ident Spencer says that the company’s lines are in con
dition to take advantage of and reap the benefits to flow
from that circumstance. As showing, too, special favor
ing features in its case, it is pointed out that during the
year there were completed along the company’s lines
cotton factories working 163,000 spindles and 3,000
looms, the total cost of which was nearly £2,000,000,
while at the close of the year there were under con
struction additional mills which will include 62,500
spindles. Other and important industries, it is stated,
have also been located upon the company’s lines.
Speaking with reference to the financial condition,
the report, after stating that the company has no
floating debt and has had none since its organization,
says the liabilities of every character of all subordi
nate companies operated as a part of the system,
whether leased or owned, are shown in the balance
sheet and are treated as liabilities of the Southern
Railway Company. We have referred to this feature
on previous occasions, and it shows one of the partic
ulars in which the difference from the methods in
vogue before reorganization is particularly marked.
The old Richmond Terminal Company made no at
tempt to show the charges and liabilities of subordi
nate lines. Indeed, it may be truthfully affirmed that
that concern came to grief mainly because these lia
bilities were ignored and not taken into account.
Apart entirely from this contrast with former meth
ods on the same property, the Southern Railway holds
a uniqxie distinction in this matter of showing the lia
bilities of leased and dependent lines, for there are few
companies that make it a practice to construct a bal
ance sheet with such liabilities included. It is, how
ever, an innovation that can be copied to advantage.
In rib way except by such a balance sheet can a
security holder readily ascertain the complete finan
cial condition of a company.
As evidence of conservative bookkeeping, we may
note that the company charged off against profit and
loss, or accumulated surplus, several amounts during
the year—£115,000 for discount on bonds sold, $82,655
for Franklin & Pittsylvania bonds acquired but con
sidered worthless and $17,658 for miscellaneous ac
counts written off. The additions to construction ac
count during- the year fell a little short of a million
dollars, amounting to $986,798. The outlays were all
for the acquisition or construction of distinctly new
property. Attention is directed to the fact that since
the Southern Railway commenced operations, the cost
of all improvements and betterments to roadway and
structures as received by the company when the
various properties were acquired has been included
in operating expenses. With reference to the equip
iVou. L X V .
ment, the practice of the company is to charge imme
diately t j operating expenses and credit to a renewal
fund the original inventory value of all equipment con
demned, broken up or destroyed in advance of the
actual expenditure for replacing such equipment.
When new equipment is required the fund thus
provided is employed for the purchase of new
equipment, and capital account is charged only with
any net increase during the year in the value of equip
ment actually on hand. As a further guaranty of the
accuracy of the methods of bookkeeping, the accounts
have been this time subjected to an independent audit,
and the certificate of Messrs. Patterson & Corwin
accompanies the report.
An intimation is given in the report of the com
pany’s policy regarding the lease of the North Caro
lina Railroad—an important link in the company’s
system of lines. After referring to the attempt of
the authorities to annul the lease and to the ruling of
the Court that the lease was valid and binding if
made in good faith and without fraud, and ordering
testimony to be taken as to this single issue, the
report says that as there was no fraud, none can be
proven, and the company is therefore reasonably safe
in the continuance of the lease. But the following
further remark is also made, which shows that the
managers are not likely to be caught napping.
“ Apart from this question it will be to the company’s
interest to consider the construction at an early date
of about thirty miles of line between Mocksville and
Mobresville, North Carolina, in order to complete its
through line between Charlotte and Greensboro,
which would furnish an additional track for increased
traffic and would also, in case of necessity, make this
company independent of the North Carolina Rail
road in handling its through traffic. At the close of the
year this subject is under investigation by your Board
with a view to early decision and possible action.”
LAB OH TROUBLES I N THE L A N C A SH IR E
0 0 TTON IND USTR Y. *
M a n c h e s t e r , September 22.
It is quite likely that within the next few days the
first steps will be taken in a movement for a general
reduction of wages in the Lancashire cotton industry
which may lead to a very extensive stoppage of
machinery. For a long time past employers in the
spinning and weaving branches have had a very un
profitable business. In some departments of both it
has been conducted, for periods more or less pro
longed, with actual lo?s. Occasionally—now in one
direction and again in another—intervals of recovery
have occurred, but within the last six months the
depression has become more nearly general than it has
been known for many years. The widespread preva
lence of the present bad times is the cardinal fact of
the movement now contemplated, the significance of
which can only be fully understood when the special
and, perhaps, unique character of the British cotton
industry is clearly apprehended.
In no other country is this industry so “ diversi
fied” as it is in the United Kingdom. Producing, as
English spinners and manufacturers do, for every
market in the world, the variations of description
and price of their goods and yarns are endless,
and the organization of the industry is correspond
ingly differentiated. One consequence of this diver
sification is that usually whilst some sections may be
^C om m unicated by our special correspondent at M anchester.
October 2, 1897, J
THE 0 V-iiitfcONHdjfc
r iO l
greatly depressed, others are in a more fortunate to give “'ou t of work benefit", but since this, is
position. After a few months the circumstances may allowed only to those who are completely idle, their
be, and often are, greatly altered. Producers who had funds are not drawn upon when the members are
been working with unremimerative margins find working short-time or are but partially or intermit
themselves better off, and those who were doing fairly tently employed, as when weavers are working only
well are thrown into adversity. This irregular alter i two looms instead of three, or three instead of four.
It does not appear to be recognized on the side of
nation of good and bad times has for a long while
had the effect that however unprofitable any par 1the operatives that the prices of yarn and cloth are
ticular portions of the trade might he, those who : fixed in Manchester by the relation between the quanhad to endure the loss never dreamed of attempting j tity offered and the quantity wanted at the same time.
to lessen it by a reduction of wages. They were per : They assume that a spinner or manufacturer who has
fectly well aware of the hopelessness of inducing ■secured a reduction in the cost of producing the
others in a more favorable position to take part in a article he sells by a lowering of wages incontinently
joint effort which might involve them in a stoppage of j gives it away to the buyer. Well informed as they
their mills.
The situation in the manufacturing undoubtedly are as to the condition of the trade in
(weaving) branch was further complicated by the fact which they are interested, they do not appear to be ac
that many producers had amongst the varieties of quainted with the primary forces regulating prices in
goods which they made almost always a few yielding all markets.
The immediate interest of the foregoing statement
better results than the rest. It has rarely happened,
therefore, that common ground of action could be lies in the fact that the movement for a general reduc
taken with a view to the reduction of wages, and as a tion of wages has been gradually taking definite shape
matter of fact no alteration has taken place since within the last fortnight. Rather more than a week
March 1893, except that in one large district in North i ago a circular of inquiry was addressed to all the man
Lancashire, where the weavers' “ list” was a little be ufacturers in North and Northeast Lancashire—the
low that acknowledged elsewhere, the rates have been chief weaving district—asking each firm whether it
was in favor of a reduction of 10 per cent in wages ac“ leveled up."
On the other hand, no such complication of inter- j: companied by the condition of short-time, or of
eats exists on the side of the work-people. In the spin- j] the1 reduction without such condition, or of no
The precise nature of the
ning branch there are only two trade unions. One of change at all.
these embraces all who are engaged in the production replies has not yet been made known, but
of the finer counts of yarn from long stapled cotton, : their general tenor is such as to show that the number
which has its centre at Bolton. The other, known as in favor of an unconditional lowering of wages is so
the Amalgamated Society of Operative Cotton Spin large as to make it probable that notice of an intention
ners, includes all the rest. Both are powerful associa to reduce them will be given to the Weavers’ Union
tions, and their reserve funds are very large. The t within the next few days. The Federation of Master
weavers have also one strong society, the headquarters Cotton Spinners has not yet resolved upon any definite
of which is in North Lancashire. The chief officers o f ! course, their action depending mainly upon the issue
these bodies are intelligent and capable men, who k e e p ! of the. movement in the manufacturing branch.
themselves well informed as to the state of the great Probably more than one-half of the yarns spun in
trade in which their constituents are Interested. They English spinning mills, the greater part of which are
are represented in the press by an ably conducted j situated in South Lancashire, North Cheshire and
weekly paper— the “ Cotton Factory Times " —which North Derbyshire, is sold to the manufacturers of
gives abundant intelligence bearing upon the com North and Northeast Lancashire. If, therefore, an
mercial aspects of the cotton industry at home and extensive stoppage of work should ensue in the
abroad. The adverse circumstances with which the |weaving industry, the demand for yarn will fall to very
employers have had to struggle in recent years are small proportions, and the spinning mills will have to
therefore folly known, and the work-people are con be extensively closed too. In that event it is not un
versant with the fact that the depression is now much likely that an attempt to secure a reduction of wages
in the spinning branch will also bo attempted, not
more general than it has been for years.
Those who speak, or write, for them contend, how withstanding the wealth of the operative spinners
ever, that wages must not be touched, because lowering union, which possesses a large accumulated fund,
them would in no way benefit tlieir employers nor much larger indeed relatively than that in the hand s
tend to improve the circumstances of the industry at of the weavers’ association,
It is, no doubt, quite likely that if the ominous
large. Any lessening of the cost of production would,
they contend, be frittered away by the force of com signs of a corning labor struggle in the English cotton
petition in the shape of concessions to buyers. To industry should be verified by the course of events,
lessen the rate o f wages would, according to this view, a more vigorous demand for goods may be induced in
be to inflict a wanton and wholly unjustifiable injury Manchester. At present, however, there is no indica
upon the wage earners. They advocate, consequently, tion of improvement. India merchants are acting
a? the sounder alternative, a general and systematic with great caution. Apart from the present lack o f
resort to short time, although they know from exper activity in the Indian markets, there is the prospect
ience that this process involves a costly sacrifice to of very tight money there from November onward.
their employers as well as to themselves, and that, The autumn-grown food crops, the ingathering of
owing to the diversity of conditions and circum which begins in October, are certain to bo large, and
stances in the several departments of the trade, joint money to move them will be greatly wanted. But
and simultaneous lessening of production is unattain owing to the closure of the mints the supply is oven
able. To a certain extent the unions are already now far from being abundant, and something like
realizing the consequences of had trade in the in stringency is anticipated as soon as the special seasonal
creased number of their members to whom they have requirements are realized.
b02
THE CHKONJLCLE.
fVOL. L X V .
tioned expenses were materially reduced, yet the ratioTHE NORFOLK & W ESTERN AS
of expenses (including taxes) to earnings, even after
REORGA NIZED.
the reduction, was almost 73 per cent (72-79 per cent),
The Norfolk & Western report (the first report of and the surplus of $459,848 shown above remains on
the reorganized company) reaches us at the same time the basis of this ratio of expenses.
In view of this exhibit no one will be inclined to
as that of the Southern Railway. Though a smaller
property in point of mileage and earnings, its affairs differ with President Henry Fink when he says that
attract a good deal of attention. Of course the con considering the great depression in business that pre
ditions under which the road is operated are wholly vailed during the period covered by the report, the
stock and bond holders have reason to be satisfied
different.
The Norfolk & Western labors under a disadvantage, with the results of the first ni ne months’ operations of
as compared with most other systems, in that so large the company, and that these results serve to show that
‘a part of its traffic consists of coal and that this coal the company has been organized on a safe and stable
has to be hauled long distances in competition with basis. The company has not as yet, he says, received
coal from mines which are much nearer the common the full benefit from the Ohio and Clinch Valley exten
market. This situation imposes the necessity of doing sions of the system, the depression in business having
business at very low rates, the average being less retarded the development of the local resources of the
than half a cent per ton per mile. Moreover, on country traversed by these roads. The charges to capi
account of the character of its traffic and the condi tal account during the nine months were only $246,031,.
tions under which it has to be moved, the depression The by-laws of the company provide for the examina
in business so long existing has been felt with par tion of its books and accounts by independent auditors,
ticular severity in its case. The bituminous coal sit and the certificate of Messrs. Price, Waterhouse & Co.
uation has been peculiarly unsatisfactory for years, is published with the report, certifying that the ac
rates having been low and unprofitable even when counts are correct.
times were good. Under the depression in business
With reference to rates, Mr. Fink thinks that the
the demoralization grew steadily worse. This de public is beginning to understand that the main
pression served to lessen the demand for coal, which object of the Act to Regulate Commerce—viz., to
in turn had the effect of intensifying competition be prevent unjust discrimination— cannot be attained
tween the rival producing interests, until it seemed at until the cause of such discrimination, that is unre
times as if all hope of possible improvement was gone. strained competition, shall have been removed, and
In addition, the local industries along the line of the that this can only be done by permitting transporta
Norfolk & Western have been greatly depressed, the tion companies to regulate competition by means o f
prostration of the iron industry being a particularly efficient traffic associations. Experience has demon
unfavorable feature.
strated, he well says, that such regulations cannot be
The annual report of the company has been looked made effective so long as the A ct to Regulate Commerceforward to with considerable interest— we might even prohibits the apportionment or division of competitive
say with anxiety. The main cause for uneasiness was traffic and the payment in money of any balance that
the lack of recovery in earnings. The events of the may become due to the weaker transportation lines.
last two months have shown that the road can make He therefore expresses the hope that Congress at its
gains fast enough, given favorable conditions of trade next session will amend the Inter-State law so as to
and traffic. But we are referring to the period before permit the division of competitive traffic, improperly
the revival in business began and before the bitumin termed pooling.
ous coal strike came opportunely to add to the rev
The outlook for the company the current fiscal year
enues of the system. The company was reorganized seems very encouraging. Business is steadily reviv
on a basis bringing the fixed charges well within the ing, and for the period from July 1 to the end of the
lowest total of net earnings. Roughly, a million dol third week of September gross earnings show an in
lars was lopped off the old company’s total charges, crease of $264,226 over the same period in 1896. In
these being reduced from about 3.) million dollars to the net the improvement for July was $53,835, this
only about 2\ millions. Still the fact that the earn being the latest month for which the figures have yet
ings continued to fall off engendered doubts and been published.
fears which the annual report will now serve to dissi
pate.
The report covers only the nine months ending COTTON CONSUMPTION AND OVERLAND'
MOVEM ENT TO OCTOBER 1.
Juno 30 1897, the reorganized company not having
come into possession of the property until October 1
The subji ined statements of overland movement,
1896. The income account for this period shows that receipts, exports, &c., cover the month of Septembeiy
the net income available in payment of charges for the the opening month of the new crop season. The pres
nine months was $2,120,305, while the charges were ent crop began to move later than in the preceding
only $1,660,457, leaving a surplus in amount of $159,- season, but the marketing has been very free since the
848. A comparison of the net earnings with the cor middle of the month, and as a result the amount
responding nine months of the previous fiscal year brought into sight through the ports, interior towns
would hardly possess much value, as the property was and the rail movement up to the first of October is
then in the hands of receivers who made very large largely in excess of the total for the similar period in,
expenditures (which were paid for out of earnings) in any previous year except 1896. In fact there has
putting the road and equipment in better condition. come into sight during the month 1 069.800 bales,
We may note, however, as showing the effects of the against 1,222,287 bales in 1896 and 542,394 bales in
depression in trade that the gross earnings as compared 1894. Northern spinners have taken 149,473 bales
with the preceding year fell off $526,229. It is proper during the month, or a larger amount than in the
to say, too, that though for the reason already men same time in 1896.
THE CHRONICLE
OCTOBER 2, 1887,]
BOS
O V E R L A N D M OVEM EN T TO OCTOBER 1 .
1897.
1896.
1895.
The gross rail shipments in September have been ’ eoeipts at the port* to Oct. 1 . . . balsa. 786,702 9^ 2,486 383,886
8,508
43,324 bales, against 69,488 bales in 1896 and only N st ahipmentsoverland during same time 34,098 53,801
Total receip ts...............................bales. 820,800 966,287 392,394
18,040 bales in 1895. In the decrease from last year 8 uthem
96,000
consumption slnoe September 1
76.000
80,000
all the various routes except via Cairo have shared,
Total to Oot 1........................... ..b a les
916.8C0 1,0 (2,287 472.394
but the movement via Louisville shows the greatest
The amount of cotton marketed since September 3
ratio of decrease. The net for the month also exhibits
in 189? is thus seen to he 125,48? hales smaller than
a loss in comparison with the previous year, the aggre
in 1896 and 444,406 hales more than in 1895. To
gate being but 34,098 bales, against 53,801 bales in
determine the portion which has gone into the hands of
1896 and 8,508 bales in the preceding season.
Northern
spinners during the same period we have
OVBKUi!iI> IN BEi'TEMBEK.
prepared the following :
1897.
A m ount chipped—
Via 8t- LotUs...............................................
Via Cairo.......................... ........................
Via P a r k e r ....................................... .........
. 1896.
1895.
32,312
12,803
1,473
2,460
12,241
4,835
2.559
803
10,895
1,575
553
Via LoolgvlUe .................................- ........
Via C Snctnaad........................ .................
Via other re n te s .......................................
Shipped to m in», n o t Included a b o v e ...
19,141
16,318
781
700
1,521
1,990
2,120
749
1,471
396
2,5 ! 9
631
Total gross overland...... ..................
43,324
69.489
18,040
Deduct chlpmenU—
Overland to New York, Bouton, 4to—
Between Interior t o w n * ....... - ..............
Galveston, Inland and local m ills.........
New Orleans,Inland and local m ill* ...
Mobile, Inland and local milts------ -----Savannah, Inland and local mill*...........
Charleston, Inland and local ml Us.......
H. Carol** ports, Inland and local mills.
Virgl la port*, Inland and local mills . .
5,227
223
337
1,417
640
183
242
125
832
10,873
lie
4 !7
2,056
1,443
50
.........
82
620
5,882
318
458
1,398
787
153
56
47
453
Total to be dedn oted.........................
9,226
15,697
9,532
8,508
31,038
53 .801!
Leaving total net overland*—
* This total Include# shipment# to Canada by rail, which slop
ScpU-mb-r I lii I - W eraotmo-d to 2.3*7 bales, to 18 10 were 3,543
bah*, and in 1095 wore ,039 halos
RECEIPTS, EXPORTS A N D S P IN N E R S ’ T A K IN D S .
In no previous season other than 1896 has so great
an amount of cotton been received at the outports
during the opening month a- in the current year.
The nearest approach to the figures now recorded, ex
cept as above noted, was in 1890, when the total
reached 733,236 bales. Making comparison between
the yean include I in our statement we find that 1897
exhibits a loss from 1896 of 125,784 bales, and that
contrasted with 1895 the increase is 402,816 bales.
Foreign exports have reached a heavy aggregate
during the month, reaching 292,456 bales, against
386,591 bales in 1896 and 111,553 hales in 1895. Port
stocks, as well as those at interior towns, are less than
at the corresponding date in 1896.
Total receipts to October X, 1897, as a b ov e................ bales.
916,800
S ock on band com m encem ent o f year (Sept. 1 ,1 8 9 7 ) —
At Northern ports.................................
42,351
At Southern ports.................................
3 1 ,6 8 4 77,015
At Northern Interior m arkets...............................
2 ,9 8 9 80,004
Total supply to October 1 ,1 8 9 7 ...........................................
936,804
Of tbt i supply there has been exported
to foreign ports since Sept. 1 ,1 8 9 7 . 292,456
L eastireigneottan included ....b a le s .
1,367— 291,089
Sent :o Canada direct from W est...........................
2,247
B.irnt North and South............................................
503
St s * on hand end of month (Sept. 3 0 ,1 8 9 7 )—
At Northern pons................................
79,812
A t 3 rather!) ports ................................. 3 7 3 ,0 5 7 - 452,869
4,623— 751,331
At N irthem interior m a r k e t s . . . . . . . . ...............
Total takings b y spinners slnoe Septem ber 1 ,1 8 9 7 ..............
Ta*en by Southern spinners ............................. ........................
Taken by Northern spinners dnee Septem ber 1, 1397.........
Taken by Northern spinners same time in 1896 .....................
tner »«<> in takings bv Northern spinners this year , bales.
245,173
98,000
149,473
142,543
6,930
The above indicates that Northern spinners had up
to Sept. 30 taken 149.473 bales, an increase over the
corresponding period of 1896 of 6,930 bales and a
gain over the same time of 1895 of 74,411 bales.
A M O U N T OF 1' HOP N O W
IN S IG 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 October 1
compared with previous years, and which is shown in
the following :
1807.
total marketed, a* a b o v e ....balsa,
interior .took* In exoee# o f Bcpt. 1.
Total In (debt .................b a le#
1898
1895.
916.800
1? 3,000
1,042,7^7
180,000
472,394
70,000
1,009.900
1,222.287
547.394
This indicates that the movement during September
"f the present year is 152,437 bales less than in 1896
and 527,406 bales in excess of 1895.
W E IG H T OF RA LE S.
Movement from Receipts Receipt* ezpouts sixes sen. 1,1*0 toTo furnish a more exact measure of the receipts up
Sept. 1, vm, to tines times ------- j---------j-------- r-------- Stack
m»t. m, 18»7. 8*pL l sm. h Of*** i Sum*., «*»«- X«M.
to Oct. I we give below our usual table of the weight
xm. ism. M M '
iwW.
of bales. We give for comparison the figures for the
aaivMton-..... wr.sts 832.8*7 imm njm n,m 82.274
TexasCity.Ac, 4,739 la.oi* .....
lattS 1,213
same, time in the t wo previous years.
N#wOrleans.
m m 24942g m,mi 4.240 19,1*3 68,407j so,422
Mobil#....... .
Same
a.ws
Same
mjmi
Florid# .......
m ■ ..... ... ;, i.
peri’d in p e ri’d in
Mon'h o1 September, 1897.
M9jm tm,tu
26,011 •mMh 77,758
1895.
1896
Brancwlat, Ac. 18414 UM1 3,Hi
16^32 ixmn 2,085
Weight in
dumber o f
(ikariattoo...... <7418 S04 8
Average Average Average
mjm 61.5 0 « ,« * «
Port a<>r»!Av. mw
7,8811
B aks,
Pounds,
Weight. Weight Weight.
»>
vm ,,,,.
'IfUmXnmUm..... w&ffi
7,811
«»#» 0O.a34{
! T exas................
212,276
129,017,125 535 00 531-71
539 34
■m
Washingt-BAas
my
Norfolk........
42.9 S rn.im
.....
18 712 L ou isian a.......
524*30
159,112
82,738,240 520-00 515-88
ir>r..f.j
Newp’4Nevt,Ac
l,KK> i*n
A labam a...........
29,057
512-00
15,183,414 522 01 5 16 0 0
New Vork......
«
o.w» 14*803 46,052) 8i.no teorgia*............ 167,642
492 98
84,910,286 500-80 497 52
Bono#..... ....
him t.oss
8131 7/00 lonth Carolina.
m
tm
498-83
76,592
39,182,035 511 58 499*07
Baltimore.....
mo .....
540 urn
Ml* MtSL 6,712 V ir g in ia ........
50000
22,003,500 600-00 490-00
44,007
PhUadaiBbSe, he 3.K1 S,157
5.800
0 of
490 00
31,634,295 503-25 505-08
forth Carolina,
62,860
Bass rran’acoAc
...
**|
500 00
Fa nessee, A c ..
67,682,500 500-00 498 00
135,325
Tots) MB... 7*6,702
"b-2,889
mM&j 3\01« 131.268’
T
W
i
.
515-85
&10
45
5
U 28
916,800
472.932,295
Total lr».i. .,
9t%m S18S0H 47/597 Wh*£'\ MS9t| 680.182
*
fnolnfling
Florida.
T"»«> !«S6....
487,537
01,753
36.371’ llhM*
it will be noticed that the movement up to Oct. 1
' Mvo«*> Britain export# inel.irt# to the (manual,
1 -mg the facts disclosed by the foregoing state shows an increase in the average weight as compared
ments, we shall find that the portion of the crop which with, the same period of last year, the average this
has reached a market through the outports and over year being 515-85 lbs. per bale, against 510-45 lbs. per
land, and the Southern consumption, during September bale for the same time in 1896 and 511-28 lbs. in
this year and the two previous years is as follows:
1895.
604
THE CHROMLLE.
TH E D R Y GOODS T R A D E D U R IN G S E PTE M B E R.
The market for cotton goods has presented a marked
change during the past month from the great activity
of August. The demand has fallen away very materi
ally in all departments, and the business for the month
has reached but a moderate aggregate. This has been
partly due to a natural relaxation of buying efforts,
but is attributable more to the outbreak of yellow
fever in the South, which has cut off to a great extent
the demand from markets there. A constantly declin
ing cotton market has also had a restrictive influence
over buyers’ operations. The tone of the market has
recently lost strength in plain staple cottons, and at
the close there are declines of -Jc. per yard noticeable
in some lines of brown goods, with sellers, who have
now cheaper cotton available, willing to make con
tracts ahead at prices they declined to accept early in
the month. The print-cloth market has been stub
bornly steady in face of a poor business, but at
the close appearances favor buyers. Prints are gener
ally well sold up and a slow trade has made no im
pression on prices.
[VOL. LAV.
that is all we are promised at present, the difficulties of the
matter are by no means ended. The Turkish Government
has at last consented to withdraw its troops from Thessaly
within a month of the signing of the preliminaries of peace,
upon condition that the Great Powers will see that the loan
for four millions sterling will be paid. In other words, the
Great Powers are asked to give some kind of a guaranty,
but, on the other hand, the Greek Government objects alto
gether to any kind of effective international control, and how
the four millions are to he raised simply upon the credit of
Greece it is very difficult to see. If the Great Powers them
selves give a guaranty they will by that act become responsible
for the loan. Unless they are either able to persuade or pre
pared to coerce the Greek Government in accepting a really
efficient control of Greek finances, judging from past experi
ence it seems to be very doubtful if Greece will ever be abl&
to pay either interest or principal. Moreover, the ill-advised
action of Greece in rushing into Turkish war in which they
failed so completely has had the effect of impressing the
Turks that they are a more formidable Power than is really
the case, and consequently it is naturally feared that Europe
will find it increasingly difficult to deal with the Porte
relative to the ever recurring conflicts which arise be
tween th e ' Christian and the Mussulman subjects of the
Saltan.
The Bank of England Directors on Thursday made no
change in their official rate of discount, which consequently
1896.
1897.
remains at 2 per cent. A s rates in the open market are still
W
s Oott’n print Sheet- Lan- S'tK'n CotVn Print- Sheet- Lan- S’th’n above the official m inimum, it was generally felt that there
ings, caster 3 -yd.
low
ing
ing 8 , caster 3 -yd.
low
ing
would be an advance to 3 per cent. In fact a change had
£
mid- cloths, stand- ging- theet- mid- cloths, stand- Qnng- sheet•
64x64
ard. hams ings.
been anticipated a week ago, but it was thought that this
OQ dling. 64x64 ard. hams. ings. dling.
change was deferred in order to facilitate the issue of India
5
5
71316 2 i«
5
5=8
4*2
2^8
i.. 7 h e
4?8
5
5
4 70
5
4*2
2 ..
2=8
71=16 2
sterling Treasury hills on Tuesday last. These bills amount
5
5»0
5
4*8
2 >a
5
2=8
8%
3.. 7M
5
5
to 2J^ millions sterling, and were applied for nearly four
5
4*2
8M
4.. 7%
2=6
4?a
2a16 530
5
5
...8...
b *8
5..
3*18 5=8
times over, but at the meeting of the Court of Directors on
25q
5
4 I0
..I I ...
7*8
Thursday, as I have already stated, no change was made.
5
5*8
4 7*
5
6=8
4*2
8.. 7^8
2 B»
2»,6 5*2
During the week about
million sterling has been w ith
5
4 7q
4 1*?
2&0
5^
5>a
9. 71)6 2=8
3
8=8
5*6
4*2
5
4 7s
5
5*2
8 ifl
10. 7*16 2=8
2=8
drawn from the Bank, but apparently, from the action of
5
5*8
5
S3«
4 7s
4*2
11. 7
2=8
211,8 5*8
5
5*e
211ie
12..
8>4
the Directors, it may be inferred that no very considerable
5
4ki
13
61bib 2 °r
sums are expected to be withdrawn until they meet again on
5
4 7q
211,6 5 1*
5*8
5
8M
i4 .; 6 ' Bie 2 %
4*2
5
5*8
5
8%
15..
4*2
211,, &*a
2=8
4 7e
Thursday next. The impression prevailing in some quarters
5*0
5
478
5
16.. 611,6 2^8
8%
211,6 5*«
4*2
5
51*
5*2
5
8*4
17..
4>*
is that very large sums in gold will be taken from the Bank
2=8
4%
5
1H„ 6"']0 250
5
5%
8%
478
4*2
211,8 5*8
of England during the ensuing autumn for shipment to your
5*8
5
19..
. 8..
8*4
21110 5*2
25q
...8 ...
5
4 ia
20.. 67,«
side, but in well-informed circles this view is by no means
ft
21..
5
8M
5!8
4 70
4*2
2=8
211,8 5*2
22.. 63g
2-V,
5
4 7s
5*8
general. It is argued that although what is called the bal
5
5*8
83ie 211,, 5*s
4 78
5
23.. 65,6 208
5
4*fl
5»6
8»,a 2 H „ 5>a
ance of trade is undoubtedly heavily in your favor, aud as
5
24.. 65,6 2=8
5*2
5*8
5
4*2
4 ’’a
83,6 211,6
25..
4 7g
5*2
5
5*8
5
4*2
bJie 2=8
2=8
immense quantities of grain and food stuffs are now being sent
5
26..
. .8...
5*8
81,6 2=8
from the United States to Europe, we shall owe you a very large
44*
...s...
27.. 63 *a 2°8
5
43,
430
51a
5*8
28.. 7 sie
5
2®8
81ie 2=8
sum upon that account. On the other hand, there is every
5
29.. aha
5
4=8
5*8
2°8
4 3»
81,8 2»,8
430
44*
5
a ■ 29j6 51a 5
5*8
30.. 6*18 2®8
year a very large balance due from the United States in divi
dends upon investments made by Europeans in that country,
1 3 ^ The above prices are—For cotton, low middling uplands at New
and at this part'cular time there are large sums also due
York; for printing cloths, manufacturers’ net prices; tor sheetings aud
ginghams, ag en ts price*, which are subject to an average discount or 5 upon account of sales of American securities on behalf of
per oent, ecoept when otherwise stated; Southern sheetings net.
European shareholders.
The activity now in progress in American railroad securi
IT X o t t je t a r t jl © t f m m r r j c i a l J ^ U f l l i s b i ^ e w s
ties here being so largely of a speculative character, in which
[F rom o u r ow n correspondent.]
the general public take little or no part, it is thought it will
.Lo n d o n , S a t u r d a y , S ep t. 18, 1897.
not affect the money market. Operators are taking their cue
Much discussion this week has occurred in the city r e from your side, and for the most part realize as soon as they
specting a statement in the “ Times"’ , subsequently officially see a profit. If N ew York sees its way to maintain prices
confirmed by the chairman of the Bank of England, that the for a sufficient time, doubtless the English public will be in .
Bank had expressed its willingness to hold one-fifth of its duced to invest, but as yet purchases upon genuine invest
reserve in silver on the understanding that the French mints ment account can hardly be said to exist.
are opened to the free coinage of silver and that the prices at
The South African mining market has been firm through
which silver is procurable and salable are satisfactory. It out the week and prices have been very well maintained,
appears that the American delegates approached the Chan Rand mines at one time being almost at 32. Business, h ow .
cellor of the Exchequer to ascertain how far this country ever, in South African securities cannot be described as ac
would move in the matter should a bimetallic agreement he tive. Carrying-over facilities at the settlement which was
come to, and that the Chancellor of the Exchequer asked the concluded on Wednesday last were by no means very great.
Bank what steps it could take. The reply of the Governor of Probably this was largely unavoidable in the present con
the Bank is generally interpreted as merely an act of courtesy, dition of the money market and the uncertainty which pre
for in the first place it is most unlikely that the French mints vails as to the future course of rates. Nevertheless, an active
will be opened, and secondly, it would be exceedingly diffi speculation in any market cannot be maintained for any con
cult to determine what prices are satisfactory. Nevertheless siderable time unless the mining brokers are able and willing
the action of the Bank of England is strongly condemne I, and to offer ready facilities to speculative clients. A t the pres
there is a strong concensus of opinion that under no circum ■ ent moment there is very little buying on the part of the
stances should the Bank be permitted to keep any material public, and certainly very little selling, either on speculative
part of its reserve in silver.
or genuine investment account. A certain amount of buy
A t last we seem nearing a conclusion of the interminable ing is j. oing on on the part of the great houses and others
consultations for the signing of peace between Greece and interested in this market, but they are generally paying for
Turkey, hut even when the first preliminaries are signed, and and taking up the shares which they purchase, and the
THE CHRONICLE.
October 2, 1897, j
605
weak ball element bas been almost wholly eliminated by the
The quotations for bullion are reported as follows:
events of recent months.
Sept.
Go ld .
SILVER.
Sept.
The wheat market has been firm fhroughont the week, and London
Sf t r
Standard.
16.
* £ London Standard.
it is a remarkable fact that wheat actually in hand commands
s. d.
t. d.
d.
a considerably higher price than wheat in transit, showing Bar goto, fine-----oz. 77 11% 77 11% Bar silver, to © .,. oz. 25% 25 d.
Bar gold.parting.oz. 78 0
78 0 B ar silver, oontain’g
the eagerness with which dealers are supplying their dimin- Spanish,
o ld ....... oz. 76 0% 76 0% do 5 grs. gold.oz. 26% 25%
New. ........... , o z , 16 1% 76 1% do 4 g r s . gold.oz. 26%8 256,6
shed stores. The amount of grain actually in the hands of
IT.8. gold o o ln ...o z . 76 5% 76 5% do 3 gra. g old.oz, 26
the dealers ia very small for this season of the year, but the Gflrm’ u goldeoln -oz. 76 3% 76 3% Cake silv er--------oz. 27% 25%
26 i5,a
rapidity with which farmers on your side are hurrying their French cold ooin.oz. 76 3% 76 3% M exican dollars.oz. 25% 24%
grain to market in order to take advantage of the very high
The following shows the imports of cereal produce into
prices which are now ruling have undoubtedly a steadying the United Kingdom during the first two weeks o f the new
season compared with previous seasons:
effect upon quotations, and it is thought that no remarkable
IMPOSTS.
advance in pric- need be feared, at any rate until the end of
1897.
1896.
1895.
1894.
[m
ports
o
f
wheat,owt,
1
.3
2
0
,'0
0
2,5 5,540
3,859,500
2,941,296
the winter. The telegraphic reports o f very favorable rains
601.600
B arley..........................
952,015
1,012,220
1,309,914
in India is also exercising a calming effect to a certain extent O a ts.............................
081,600
896,300
758,880
755.188
P eas.............................
82,700
79,715
163,690
53,649
upon the market, bat the dominant factor as the winter ad Beans..........................
70,810
88,1 50
184,050
202.188
vances will be the condition o f the Argentine crops. All Indian corn ............. 1,928,000 2.904.700 2,231,900
962,625
F lo o r ............................
581,600
908,280
734,800
752,217
accounts seem to agree that the prospects are excellent and
Supplies available for consumption (exclusive of stocks on
that the acreage of wheat is exceptionally large. The actual September 1):
yield of harvest, however, will depend very much upon the |
------1897.
1896.
1895.
1894.
Wheat Imported, ow t. 1,920,7^0
2,565,540
3,859,500
2,941,296
recurrence or otherwise of the locust plagne of last year. Im
ports o f floor........
581,600
908.2S0
734.800
752,217
394,424
535,799
Sensational telegrams have been published this week with Sales o f homo-Brown. 858,992 1.186.701
reference to the appearance of locusts in different parts of Ar
T otal...................... 3,161,292
4,660,531
5,130,099
4,087,937
1897.
1896.
1895.
1894.
gentina, and especially in the great province of Buenos Ayres.
23a. 9d.
22s. lOd.
21s. 7d
A ver.price wheat, week.33s. Id .
Those reports, however, I am told by those who are actually Average price, season. .33a. 4d.
23a. 5d
22s. 11 d.
22s. I d .
engaged in trade with Argentina, are grossly exaggerated,
The following shows the quantities of wheat, flour and
bat at the same time it is admitted that the danger will not maize afloat to the United K ingdom :
Thil week.
Last week.
1896.
1895.
be past until the end of November.
Wheat...............q r e ... 1,055,1)00
900,000
1,2)18,000
2,0 2 8 ,0 0 0
215.000
307,000
15 5,00 0
The cotton market is steady and prices for the most part Flour, equal to q r a ... 205.000
u r n * ..............n r .,,, 7 1 0 0 9 0
595 000
1,170.000
798 OQ0
have been well maintained. Trade here at home is exceed
E
n
j
l
l
u
l
i
F
i
n
a
n
c
i
a
l
.m
a
r
k
e
t
s
—P
e
r
C
a
b
le
.
ingly good, and those who are engaged in supplying the
The daily closing quotations for securities, etc., at London,
home market and who for the most part purchase the best
: are reported by cable as follows for the week ending Oct. 1:
qualities offered wilt want their usual supplies, but those
houses engaged in the Indian and Far Eastern trade complain
L o s DOS.
Bat,
Mon.
Tue*.
Sri.
Wed. Thur*.
that the inquiries from the East, where they exist at all, are
___ _
25
25 ia
26%
26%
25%
26
based upon pnees that are wholly unrecmmeraiive, and) Xmaols.,new,2 %p.et*. n i b » 111",* 111% 111 7g l m q * 11H*W
HIT* I l l ’ s 11110,8
111% 111%
therefore can rarely lead to business.
103-40 02-97% 103-05 0 3 -l2 % ;1 0 3 1 0 03421a
157*
16
15%
15%
16
The “ Railway News” o f London report* the traffic receipts |
Top. A Santa re. 15%
32%
38%
34%
33%
33%
for the week ending Sept. 12 o f 53 railways of the United I 0»nadian
p i pr<“ ‘ 34
797*
77%
78%
79%
Oanadlan Paeiiio
79%
80%
Kingdom which make weekly'returns at £1,82-3,555, against 'b e sp e a k .- A Ohio....... 25%
24* h
24%
23%
24%
28%
102%
99%
98%
£1,745,061 in 'he corm pcnding week of last year, an increase Chle. Mil®; * St. P au l. 102% 102% 103
49%
49
Deny.
A
Rio
G
r.,p
n
sf..
49%
49%
48%
49%
o f £78,494. For the eleven weeks of the current half-year re Erie, oom iu on ............ . 17%
17’ *
17%
18
17%
17%
ceipts were £ i ',620,246, an increase of *511.120,
43
42%
42%
42%
41%
le t p referred .............. 43
108
107% 107% 106% 105%
108
The following return shows the position o f the Bank of tutnol* Central....... .
180
182
181
181
England, the Bank rate o f discount, the price o f consols, Lake S h o re ....... ............ 182
61%
02
60%
Lonisvllle A Nashville
61 %
59%
«1 %
&e,, compared with the last three years:
67%
67%
86%
Mexican Central, 4e .. 67%
6632
66%
W .
it rpL t&.
£
27,367.106
citm lwiim - ...
PabUa 4 «p o «iM ,..,„................
Other 4«po*lL.......... ...............
in,4t9,rm
Oevaramaa t nm otU w ........
Other wearttlaa .....................
a*Mrre of oat«« and eitn........ tt.t'MMU
Cain A halllan. hath leoartm’t. mMUgm
Prop.r®.«rY« tn!l*bttm««..p. c.
Bank rat# ..............oeat.
%
mm.
SkpL 10.
£
0rm * ,m
00Ml.QM
u jn tjm
SiRd.
im .
S*pt. 19.
M
$$;22>7,9$5
4.123,8', 6
m.tii.979
am sM
tt.U0.4M
4% m M $
C a n ada, 2% per c e n t ..
8U rer............. ......... ................
im&.
Sapt, iM.
£
m mttzm
ec-4
t
W ! 11-14
K>%d.
S%
to, q
MH4
31.U&AK
m m ,m t
70 11-18
%
10254
a>wm .*
ist,&4c,«x>0
Cleertng-HoaM r e t a r d ,. . . . . . . . ItR IR M W 137,SIM,009
* Sept- 20.
The rates for money have been as follows
In tsrm allowed
Opsst Marks! Hats*,
|
London i ^
Bank Bills.
I1
!!
Th*«*
fe
Aog, 2012
- *7S
m
t
Sept. 3j*
2
** i oh
8
ub
* i n -im m .
%
W H
m
m
■tH
m
f t m *wm.
s%
15%
115
n%
43%
64%
59
13%
12%
36%
2<%
22h
15%
114%
18%
43%
54%
59%
137*
12
35%
23%
21%
16
114%
187*
44%
55%
59 »4
14
12%
35%
25%
22%
15%
114
1*7*
43%
54%
587*
13%
12%
34%
24%
2179
15%
113%
18%
42 *2
55
58%
13%
12*s
34%
241-2
21%
15%
112%
18%
42%
64
58%
13%
11%
33%
23%
21 %
gomnxcuctal and HUsceUancous 3^exws
I m p o r t s a n d E x p o r t s f o r t h e W ersk.— The following are
the imports at New York for the week ending for dry goods
September 23 and for the week ending for general mer
chandise September 21; also totals since the beginning of the
first week in January.
rV XV/TVTV*
lr* 4 « BUI*,
IHsc't M t*
JMmt
Font
S4a
Thru roar
si! 17 t o n
Months Mmih* Months Month, Mmwh*. Banks. C«B.J lM-j<
m
2
Mo. Kan. A T ex,, com ..
S. Y. Cent’l A Hudson
N. Y. Ontario A Weetf n
Norfolk A Went’ n, pref.
So. Pao. p re f., tr. recta.
Petw aylranla..............
Pbila. A Read., per ah.
•ioutb’ o Railway, com .
P referred .,................
Onion Pantile___
...
Wabash, preferred ...
nt
*%
H
H
%
u
«|
H\
h
h
t
IH
ml h
l 1 1«.
F or week.
1897.
Oty g o o d * .....
3en T m er'dlae
f t , 197,478
5,711,244
T o t a l ........
$0,898,722
Sims. Jan. 1.
Dry g o o d s ...__ $99,090,352
^eo’T m er'dJ.s© 273,069.441
1896,
1895,
1894.
$2,233,362
7,963,666
$1,825,984
5,496,694
$2,838,384
6,918,570
$7,322,678
$9,756,904
$10,197,028
$85,213,783 $109,912,325
247,249,710 270,419,522
$04,139,632
253,052,723
Tot»i 38 week* $372,159,793 $332,463,493 $380,331,847 $317,192,355
The Bank rate of discount and open market rates at fche
Toe imports o f dry goods for one week later will be found
chief Continental cities have been as follows:
in onr report of tbe dry goods trade.
Tbe following is a statement of the exports (exclusive of
Sept. 17.
Sept. 10.
A oq. 27.
Sept.3.
specie) from the port of New York to foreign ports for the
RaU* o f
week ending September 27 and from January 1 to date :
Interml #1
Brmk
mu
P a n * ,..........
Berlin....... ....
Hjfccofotsrsf
r rnnMiort. ...
Amuttmtiam **«»
8m«##§*..,., ..
YWtmm,,,,, ...
®L Ft&mmftwm.
Madrid...,. ..
Ckr&mnhdMrfkti,.,
a
4
*
open Bkmk
M/xrket BttU.
m
%
i
i
$
»
m
m
2%
%
4
4
#
§
4
0
0
m
5
4
0
4
a
3
4
Open Bank Open Bank
Mmr'M m u . Market m u .
%
IH
i%
3
3
*H
3
0
m
m
3
3
3
m
%
3
m
m
s
3
£
a
4
4
4
m
6
0
04
»
S
6
4
4
t
4
4%
Open
Market
m
2H
2R
a
a
m
m
t
4
1
1897.
For the week..
$9,409,755
r rev . reported! 292,013,094
1890.
1895.
1894.
$8,506,717
208.206.127
$5,912,627
210.080,355
$6,806,856
200,838 041
Total 38 week«l$301,422.849 $270,712,844 $245,992,982 $267,044,897
The following table shows the exports and imports of
spocie at thi port of New York for the week ending Septem
ber 25 and since January 1, 1807, and for the corresponding
periods in 1S96 and 1885.
1HE CHRONICLE
606
E i r o n l l AVD IMPORTS OF SPECIE AT NEW TORE.
Week.
Great Britain..........
F ra n ee......................
G e r m a n y .................
W est In d ie s............
M e x ic o ....................
South A m erica___
A ll other countries
$112,694
$979,660
15,477,473
11,780,000
518,017
2,030
180,237
750,200
34,915
" 5 ,obo
Exports.
Silver.
$55,134 $4,223,645
7,429,341 53,032,634
67,086 23,410,418
Imports.
Since Jan. 1.
Week.
Since Jan. 1.
Week.
10
3,093,761
121,301
715,085
180,794
$13,572
4,147
37,415
$39,915 $29,687,617
................ I 50,943.742
2,517,837 69,455,374'
T otal 1897....... .
Total 1896.......
T otal 1895.......
Since Jan. 1.
Week.
Since Jan. 1.
Great B ritain.........
F ra n ce.....................
G e r m a n y ...............
W est Indies............
M e x io o ...................
South A m erica___
A ll other countries
$872,880 $33,216,282
638,000
5,750
35,700
322,195
4,625
5,125
156,093
2,358
$18,246
23,716
42,608
1,672
$52,100
1,443
2,321
247,489
1,026,554
737,381
33,909
Total 1897.......
Total 1896.......
Total 1895.......
$913,205 $34,345,803
1,323.536 39,167,133
810,200 28,126,369
$86,242
73,520
26,347
$2,101,257
2,266, >78
1,457,908
B r e a d s tu lie
F ig u r e s
B rought
F rom
P a g e 6 3 8 .—T h e
statements below are prepared by us from the figures of the
N ew York Produce Exchange. The receipts at Western lake
and river ports for the week ending Sept. 25, and since Aug.
1, for each of the last three years, have been as follows :
Receipts at —
C hicago......
Milwaukee
D uluth.......
MinneapolisToledo.........
Detroit......
Cleveland ...
8t. Lords . ..
Peoria.........
Kansas City.
Flour.
Com.
Wheat.
Barley.
Oat8.
Rye.
Bills 196lbs\Bush noibs Bush.bQlbs Bush.32U)s Bush ASlbs Bn.'60 lb*.
737,45
' “.259
00,758 1.337,044 3,215,7(0 2,480,474
400
248.000
170,060
177,000
38.750
300,850
42,309
208,050
114,955 3,471.076
127,455
14.401
H1.229
011,490
..........
2,369 1/401,280
11',97 4
40,039
23,977
1,093
290,475
51,530
48.770
9,200
127,046
59,224
64,171
1,677
66,940
124.54:
768,185
340,994
25,272
42,96'.
37,835
2*3.645
40.000
190,500
9 80C
5,100
221,9 0
83.000
649,000
120,0C0
Tot.wk/97.
Same wk/90
Same wk/95.
Since Aug. 1.
1897
...
1896.............
1895.............
8,501,121
6,097,733
5,945,004
271,717
275,190
318,317
4.925,994
2,805,344
2,839.768
1,277,060
760,712
1,702.962
4,083,053
3.913,030
4,292,652
2,1^3,859 50.755,444 50,322,803 39,759,805
2,3' '6,489 41 657,659 27,990,477 30,892,895
2.191.043 38.931,142 20,071,512 24,961.230
311.875
190.519
78,781
4,505,784 2,920,732
2,907,936 1,423,8L7
5,247.795 009,194
The receipts of flour and grain at the seaboard ports for the
week ended Sept. 23, 1897, follows :
Flour,
bbls.
Receipts at—
Wheat,
bash.
Corn,
bash.
Oats,
bush.
Barley.
bush.
Rue,
bash.
Now York................... 167,271 1,'.41,325 2,M\9?o 1,344,130
174,725 1 e,4.'l0
B oston,....................
65.831
311,9 6
287, H0J
107,834
2/51
2,499
61,121
498.439
472.845
6V27*s
700
2(,9J3
M on treal.................
P hiladelphia........... 108,131
848,077
340,623
94,068
1%
600 . . . . . . . .
B altim ore................ 74.264
400,889
4»6,88i
195,828 ...........
69,838
Richm ond................
2,055
3,980
10,566
20.910 ...........
750
New Orleans*.......... 15,005
621. <50
428,7o0
63,955 .............................
Norfolk .................................
15,300
2-8,080
.........................................
G alveston ..................................
358,274
...a
. . . ........................
Newport News........
22.000
80,900
241.000 170,000
.............................
Total week....... 490,681 3,577.991 5,113.0.35 2,IL5.60<.
Week 1896.............. 601,125 2,114,910 2.051,479 1,410,730
179,570
155,000
200,410
487,699
• Receipts do not include grain passing through New Orleans for foreign
ports on through bills o f lading.
Total receipts at ports from Jan. 1 to S3pt. 25 compare as
ollows for four years :
Receipts o f 1897.
Flour.....................bbls. 18,80 ,954
1890.
7, >59,503
Wheat...................bush. 58,527,918
Corn........................ “ 115.301,288
Oats
.................. “ 61,003,851
Barley..................... “
7,4*4,979
Rye.........................
“
7,309,004
41,684,0 8
0>,«11,278
49,397,929
5.211,242
3,387,42J
Total grain...,
“
279,687,940
107,897,487
1395.
_ 11.8 5.820
1894.
14,539,710
27,790.774
31,470.206
29,379,360
1,509.091
340,769
41,159,111
34,131,377
32,743,834
1,936.014
280,168
93,505,205
110,250,534
The exports from the several seaboard ports for the week
ending Sspt. 25, 1897, are shown in the annexed statement:
Wheat,
Exports f rom— bush.
New fork ....1,164,0(9
Boston............ 103,936
Portland.....................
Pniladelphia.. 201,500
Baltimore. .. 818,063
New Orleans.. 452,910
Norfolk___ ... 15,300
Newp’rt News 8\0<>0
Montreal ...... 249.182
Corn,
hush.
581.709
311,419
. ...
383.276
593,612
011,749
288.08'
241,000
404,931
Flour,
Oats.
bbls.
bush.
69,510 ;i.2 8.999
19.036
09.050
7.898
12,344
8.442
Rye,
bush.
98,209
Peas,
bush.
4,140
2,024
11,234
..........
7,726
Total w it...3 773,213 3,415,890 103,274 1,5 ?0„65L 117.753
Btmetime'90.1.620.414 2,018,021 234,081 213.61"* 150,315
13,890
17.440
Galveston ... 858,274
. ..
22.0)6
23,444
‘20,986
30,000
5,00 > **8,200
115
170,00)
37,487
20 986
The destination o f these exports for the week and since
8 ptember 1, 1896, is as below.
-------- Wheat.------- *
Exports for
Week Since Sept. Week Since S^pt.
tciek and since Sept. 26. 1, 1897.
Sept. 25. 1, 1897.
bbls.
Sept. 1 to
bush.
bush.
bbls.
548 665 1.520,800 4.950,102
ll >ited Kingdom 109,012
7,'3i3
C ntlnent .........
210.058 1,924,730 10,281.723
B tC. America.
11,078
88 550 297,620
420,8i0
West IndleB.. .. 10.755
70.451
4,362
Brit. N. A.. Col’s.
17.303
28,830
Other countries.. 16,831
41,075
Total ............ 103.274
Total 1890.... ... 224,081
-----------Corn.---------,
Week Since Sept.
Sept. 25.
1.1897.
bush.
bush.
2.137,507 9,214,378
1,217.571 0,4- 0,792
850
10. "43
58.40S
154,0'3
2,i>00
87,998
18.142
963,800 3 773,213 13.707.810 3.415,890 15.841,411
1,011.8.18 1,620.414 0,570.083 2,918,021 10.442,153
The visible supply of grain, comprising the stocks in
g-anary at the principal points of accumulation at lake and
seaboard ports. Sept. 25, 1897. was as follows
Com,
bush
6,40>*.000
95.000
lOu.OOO
1,332.000
Oats.
bush
2.016.000
43.00U
75.000
649,000
Rye.
bush,
205.000
Barley.
bush
44.000
16.000
50,000
473,666
18,209,000
8,606,600
775,000
145,000
330.000
36.000
76,666
78,666
207,000
183.666
507,660
305.000
496 000
807.000
89,666
20,666
25,066
57,000
182,000
741,000
2.000
474,000
5,000
892,000
35.00C
891.000
r.ooo
75.000
273,000
1.211,000
180.000
39.000
2,905,000
831.000
50.666
40,000
3.000
220,000
81.000
30.000
60,000
113.000
233.000
940.000
8.000
1.701.000
10.000
1,000
34.000
49.000
44.000
'*7,000
122,000
182,000
233.000
220.000
35.649.000
33.737,000
13,2t*,000
5.451, >00
4,305,000
10,850.000
10,752. J00
8,951,000
2,725,000
8.234.000
2,526.0C0
2,425 000
1,907 000
587.000
330.000
1.644.000
1.394.000
510.000
336.0G0
205.000
Wheat.
bush.
In store at—
Imports.
Exports.
Gold.
i V o l . LXV
f o r k .................... 1,388.000
Do
afloat..........
50,000
A.'oany........................
...........
Buffalo ...................... 1,379,000
Do
afloat..........................
Ihlcago ..................
3,180,000
Do
a flo a t.........................
VI Iwaukee.................. 102.000
Do
a flo a t..........................
Dalutb ...................... 2,040,000
Do
a flo a t..........................
r ledo . . . ...........
313,000
Do
afloat........................
De r o lt ........................ 277,000
Do
afloat...........................
»sw ego.......................................
4 Louis...................
,
,w e
Do
afloat........
37.000
Oluoinnatl...................
8.000
Boston........................
83.000
Toronto.......................
3 >.000
Montreal ...............
241.000
P hiladelph ia............. 928,000
peorla...........................................
Indianapolis ..........
189,000
K Ausas City* ........... 1,587.000
Baltimore...................
Minneapolis................ 1,829,000
On Mississippi River.
52,000
On Lakes.................... 3,391,000
On canal and r iv e r ..
224,000
1 750
901.000
Total SeDt.25, 1897.20.045.000
Total Sept. 18 1897.17 140,000
Total Sept.20, 1890 48.715.000
Total Sept.28, 1895 40.:68,100
rotal Sept.2), 1894 71,421,900
13.000
’ 13,000
250,000
4.660
12.006
*27,666
“ 4.066
23,000
* Kansas City—Last week's stock; this week's not received.
City R ailroad Securities.— Brokers’ Quotations.
Bid.
Atlan. Ave., B’klyn—
Con. 5s, g., 1931 . .A&O §100
Impt. 5s. g., 1934.J&J
77
Bl’ eck. St.& Ful F.—Stk.
30
lstm or .,7s, 1900.J&J §106
B’way&7th Ave.—Stock 202
l»tmort.,5s, 1904. J&D 105
2d mort., 5s, 1914.J&J §111
B’ way 1st,5 .guar. 1924 §117
2d 5a. Int. as rent’l. i905 §104
Consol. 5s, 1943...J&J 119
Mer. st. Ry. gen. 5b, ’95 111 ^
Brooklyn City—S tock ... 195
Consol. 5s, 1941.. J&J 114
Bklyn.Crosst’ n 5S.1903 106
Bkl’nQ’ ns Co.&Suh.lst 1<2
Bkl’n C.& Nowt’wn—Stk 160
5s, 1939....................
113
Brooklyn Rapid Transit.
31 34
5s, 1945............... A&O
Centra Crosstown—Stk. 198
1st M., 6s, 1922..M&N §118
Cen. Pk.N.& E.Riv.—Stk 173
Consol. 7s, 1902...J&D 113
Columbus & 9th Ave. 5s. 118
Christ’ p’ r& 10th St.—Stk 155
1st mort., 1898...A&O 102
§ And accrued interest.
Ask.
Bid. Ask.
D. D. E. B. & Bat’y—Stk.
103
1st, gold, 5s, 1932.. J &J 114
80
S crip............................ §101
32
Eighth Avenue—Stock.. 320
108
Scrip, 6s, 1914... ........ 100
205
4 2d & Gr. St. Fe .—Stock 320
107
42d St,. Man. & St. N. Av.
38
112
1st mort. 08,1910.M&S §116
118
2d mort. income 6s. J&J 70
108
Kings Co. Trac.—S tock.. 44
120
Lex. Ave.& Pav.Ferry 5s 118
112
Metropolitan Traction... 118
197
Nassau Elec, 5s, 1944...
99 ^
116
N.Y.&Queens Co.5s,1946
108
Steinwaylst 6s.’22 J&J 114
103^ Ninth Avenue—Stock... 180
Second Avenue—Stock.. 120
iie
1st mort.,5s,1909.M&N 108
32
Dehenture5s,1909. J&J 102
93*2 Sixth Avenae—Stock__ 190
Third Avenue—Stock ... 150
122
1st mort..5s, 1937..J&J
179
Twenty-Third St.—Stock 300
117
Deb. 5s, 1903................. 103
115
118>2 Union R y —Stock........ .
160
1st 5s, ) 942................. §107
104
Westchest’r, 1st, gu.,5s §100
116
103
335
105
340
40
117
75
45
118*4
120
101
l i e "
200
130
109
105
195
152
123
Gas Securities.— Brokers’ Quotations.
GAS COMPANIES.
Bid. Ask.
B’klyn Union Gas—Stock. 120*2 122
11334
205 '
Consumers’ (Jersey City). 74
85
Bonds
........... ...... 101 1021*
Jersey City & Hoboken... 185 195
105
Mutual (N. Y.) ............... 340 380
N. V. & tfast Riv. 1st 5s.. 111 113
110 114
85
90
Con»ol. 5 1.................
107 108
Bid. Ask
GAS COMPANIES.
People’s (Jersey C ity;.... 100
170
Equitable ......................... 280 285
Bonds, 6s, 1899 ............ 103 105
st. Paul .............................. 52
54
82
79
Standard p ref.................... 140 150
130 137
86*2 87*9
10S>»
Auction Sales.— Among other securities the following, not
regularly dealt in at the Board, were recently sold at auction.
By Messrs. R . V . Harnett & Co :
Shmrzs.
10 Importers’ & Traders’ National B $ n k ........................................ 533
By Messrs. Adrian H. Muller & Son :
Shares.
Shares.
50 G orm an-\merioan Fire
20 Nat'l B roadway B ank ..2 3 5 *8
Ins. Co., N. Y .................4 0 6 ^
40 Oriental Bank ................. 178
20 German Alliance Fire
100 E quitable Gas Light Co.
Ins. Co., N. Y ............ .173*$
o f N. Y ........................... 250
114 B’ klyn Trust Co., Brook
50 Y ellow Pi ie Co., pref._
35
lyn, N. Y ............ 401 to 405 *2
8 Lafliu & Rand P ow der
25 Lons- [sland Loan & Tr.
C o......................... ............. 180
Co.. B rook l.n , N. Y ___230
17 Central National Bank 16378
25 Washington Trust Co.,
17 United N. J. RR . & Canal
N. Y ................................. 230
Go’s............................. ...2 5 0
100 People’ s Tr. Co., B'klyn,
5 Im porters’ & Traders’
N Y ............................. 244ha
N atim alB aD k .............. 536*8
25 Kings County Trust Co.,
35 Merchants’ N ai’l Bank .147
Brooklyn, N. Y ................ 281
50 Kings County Traction
75 Nassau Trust Co ,B’klyn,
Co......................... ........... 4 4 1*
N Y .................................. 15H2
10 Lawyers’ Title Insurance
20 Title Guar. & Trust Co.,
C o................................. . 145
N. Y . . . ........... .................2 7 1 ^
Ranking and ffiaaucial____
Spencer Trask & Co.,
BANKERS
2 7 «fc 2 9 P I N E S T R E E T ,
65 State Street, Albany.
__________ I N V E S T M E N T
S E C U R I T IE S .
G eorge B a r c l a y M o ff a t .
M
o f f a t
NEW YORK.
A l e x a n d e r M. W h it e , J r .
&
W
h i t e
,
BANKERS,
No. 1 N A SSA U S T R E E T ,
IN V E S T M E N T
-
-
-
NEW YORK.
S E C U R IT IE S .
THE CHRONICLE
October 3, 1867.]
607
j g t i n k c r s 7 (jjaaette.
T oday's actual rate.s o f exchange were as follows: Bank
ers’ sixty days’ sterling, 4 82%jg48%%; demand, 4 84l,£@
DIVIDENDS.
4 84% : cables, 4 85@4 85kt 1 prime commercial, sixty days,
4 83*4 82If; documentary commercial, sixty days, 4 81%@
4 81%. Posted rates of leading bankers follow :
P er
When
Cent. Payable.
Rame uj Company.
R a l l r n a d i i ( S t e a m .)
A tlantic A North C a ro lin a ..........
Chartiers......... . .............................
Cm. Ham. & Day. pi. A . & B. (qr.)
D ayton A Midi. com . guar____ _
do
do pref. guar. iq r.).
Pitts. Ft W, A Chic. spec, gu.(qr.)
do
do
reg. guar, (qr.)
Southwest Pennsylvania..............
’Western P enn sylvania.................
S tr e e t H a l l w a y * .
B rockton (Mass.) Street (quar.) .
B rooklyn City (quar.)...................
Cleveland (tXi City (q oar.)..........
Coney Island & Brooklyn (quar.)
Louisville (Ky.) Ry, c o m ........... i
do
do
pref.............(
National E v., St. Louis (quar.) ..
North Ch eago Street (quar.)—
B ank*.
Chatham National (quar.)...........
Ga latln National.......................... ;
do
do
(e x tra )............
« > u * t C o m p a n io n .
P eople's. Hrooklya (q a a t .)..........
lilac,-11 a n c o n s .
American T obacco co n :...............
do
do
pr.-'. (quar,».
Cent. A S. A. T eles, (q u ar.)........
Edison El a Dl. o f S V. quar
M exican Telegraph (quar.) .......
N. V. A N. .1. Telephone <, a r
Bhode 1.Perkins HorseeV pi-tqr.i
2
5
1
13»
2
1%
1%
3
4
1*3
2 hi
%
1 *9
j
Oct.
Oct.
Oet.
Oet.
Oet.
Oet.
Oet.
Oct.
I
Oet.
Oet.
OetO et
2% I )0 c ! -
i>.,' loot.
3
Oct.
Oct.
i |Oet
1%
1 *9
2*9
1h
1%
Books Hosed,
(B a y s inclusive.)
October X.
to
1
to
3
I V»
5 £j S e p t 21 to Oct.
t
to
5
to
to
1
15
to
1 Sept.
15 Oct.
10 Oet.
1 Sept.
1 Sept.
9 Oct.
15 Oct.
24 to Oet.
10 to Oct,
1 to Oet.
25 to S e p t
21 to Oet.
I to Oet.
8 to Oct.
1
15
9
30
1
The following were the rates of domestic exchange on
New York at the under-mentioned cities to-day: Savannah,
buying *g discount, selling par; Charleston, buying 1-16
discount, selling 1-16 premium: New Orleans, bank, par, com
mercial, $1 50 discount; Chicago, 20c. per $1,000 discount;
St. Louis, 25c.@50c. per $1,000 premium.
United States Bonds.—Government bonds dull but firm.
Sales at the Board include $50,000 4s, coup., 1925, at 125K to
1254*
; $30,000 4s. reg.. 1907, at 112 : $1,000 4s, coup., 1907^ at
; Sept. 25 to Sept. 30
ilS 3^, and $5,000 5s, coup., at 141% to 115. The following
O Sept. 30 to Oct. 5 are the closing quotations :
s
5
15
Oct.
I Sept, 26 to Sept. 30
S oy .
Oet,
Nov.
Oet.
Oet.
Oet.
I,O ct. 16 to Nov. 1
6 Oet.
1 to O c t
6
1 Oet. 10 to Nov. 2
13 Oct.
7 to Oet. 13
15,
to
15
to
W A L L S T R E E T . F R I D A Y . «*CT. I. i V U 3 P. if.
sB iff ere n**/P m !
1808.
\ Free. week.
8e.pt. 26,
1895.
j Sept. 26.
$
$
s
s
Capital...
.79,022.700
................
80.622,700 02,022,700
Surplus................ 74,201,300
...............
73,015,000 71,542,100
Loan* & <Use*nts,: f>7«,'8».4«>0. Dec-3,7’28.300-4 3 0 .5 4 1.100: 51 l .e 78.200
© rniilaitoB -, . . . . . j 15,460,400 In c. 607,30 0 if),700,1*0 14.102.000
W9t Ae&stto*,. ...L 625.356.000 Do 10.6O2.nO0 t ls .3 6 -,7 0 0 549,136,500
8 pen to . . . . . . . . . . . . 91,370,600 I n c . 66,400 51,330,900, Of .077.500
Legal teri'tor*.. . . 30.463.000 D ec.3.614,700 71,977,300 97,902,800
B eserre Held. . . . . 172,330.500 Dec,0.54S,300 126,309,2001 159,580,300
Legal re se rv e ... . 150.339.000 Dee 2,050 625 112,002,175 137,284,125
SnrpltM reserve! 15,097,500 Dee.3.897.075
Demand.
Prime bankers' sterling bills on L ondon.! 4 83 @4 84 4 85*3®4 86
Prime com m ercial............................... . . . . . 4 S2 @4 82%
Docum entary com m ercial.........................4 S I V S ^ 81%
Paris hankers’ (francs)..................... ..........5 213, ® 5 214s 5X95,, ® 5 1 9 %
Amsterdam (guilders) bankers.................. 1 3915,, ®40
4O5,0®4O%
Frasakfort or B rem en (reichsmarks) b ’kers: 94 %j® 94-,6
95*,t @95*s
The Money Market and Financial Situation.—There lias
been an absence of agjptedv® buying of railway securities
this week and business at the .Stock Exchange has been
largely o f the professional character which is common
when the markets are heavy and prices declining.
There seems to b* no abatement o f yellow fever In tlte
South; otherwise the developments >>f tin- week arc favor
able, and the only apparent reason for the present condition
in the security markets is the natural reaction following a
long period of buoyancy and advancing values, with which
the readers of this column are familiar. Stocks have been
bought in large volume during the pfot tw o months for
speculative purposes, a considerable portion o f which was
held on limited margin, and the usual result has followed.
Securities previously bought for investment, it l» generally
belie veil, have not been sold to any great extent, ami recent
forced sales have teen absorbed by investors who are confi
dent that the period of la rger railway ea rn in g s is but just
entered upon, and that the Income from such investments
will be better dori g the next few years at least than it has
recently been.
Any one who is interested i the present or prospective
development of industries would do well to study the con
dition of tin* iron business in its various departments and
also tiie clearing-house returns, Which for tin; week ending
Sept, 27) show an increase of 3# per cent and for the previous
week an increase o f 58 per cent over the corresponding
period last year.
Foreign exchange rates have declined this week, and with
the current export demand for wheat and the supply of
cotton bills, which is likely to increase, a further lowering
of rates improbable. There has been some falling off in ship
ments of currency to the interior and the money market is
easier in consequence.
The open market rates for call loans on the Stock Ex
change (l uring the week on stock and bond collaterals have
ranged from 2*f to 4: 2 percent. To-day’s rates on call were
9 to 11^ percent. Prime commercial *paper is quoted at
4 *4 to ft per cent.
The Bank of England weekly statement on Thursday
showed a decrease in bullion of £270,337 and the percentage
of reserve to liabilities was 45’37 against 30*10 last week; the
discount rate remains unchanged at 2 >4 per cent. The Bank
of France shows a decrease o f 10,475,000 francs in gold and
325.000 francs in silver.
The New York City Clearing-House hank- in their state
ment o f Sept. 25 showed a decrease in the reserve held of
$3,548,800 and a surplus over the required reserve of $15,9OT.500, against $19,895,173 the previous week.
1807.
Sept. 25,
Sixty days.
14.216,025
22,296,175
Foreign Exchange.—The market for foreign exchange
has become easier a* the week advanced. The supply of
cotton bills is increasing and the demand is only fair. Rates
show a tendency to decline.
Interest Sept. | Sept.
Periods.
Mob.
is , 1907 ............ reg. C , - Jan.
4s. 1907.......... coop . C . - Jon
4s. 1 9 2 5 ___... reg. ( . - F eb.
4s, 1925.......... eon t e l .- F e b .
Feb.
5», 1 9 0 4 ............ reg. (
os, 1904 .........coup, q L- Feb.
6*. curVy. '9 8 .. .reg. J . A J.
6s, cur'ey.".)!) . .reg. J A J.
4s. (C ber.ii898.reg., March.
4s. <Pher.)1899 reg. March.
si f :
*2&
Oct.
1.
f-
' 98 |* 98
*1114).*111 :h
"11® *,*! 13%
•125*9 125*9
125 V *125)9
• u iv m h
*114*91 115
* 98 * 98 * : 8 "
‘ 1 1 1 -A *1 1 1 % • I l l 's
’ill
11S3. *1133, *1 1 . 3) x U 3
*125*9 *125*9 *125 *9 *126%
*125*9 125*9 125*9 *12534
'11.1*9 *114*9 *114*9 *114%
* 114*9 '1 1 1 &. *114% *114%
*102 *102 •102 M *102*4 *1020 *102*4
•105*9 *105*9 *105*9 *105*9 *105*9 *105*3
*102 *9 j*102*9 *102*9 *102*9 *10. >9 •102*9
*102*9 * 102*9 *102*9 *102*9 *102 >9 *102*9
* This !* the , rice bid at the morn'tut board ; no sale was made.
Unh<*d v iitts* S 'i b - f i * e t - q r y —T in f < l l > v i i g cable sn o > s
lb
d a d v r"c-*iii a t id p n v m -it’ -! i t cue S tv T-* *4511- ' •
Balances
1
Receipts.
Sept*25j
*• 27
“ ml
** 20!
*♦ ml
O et
1
T o ta l,.
3,806,071
3,071,4] 4
2.180,77%
2,114,618
L 91 9 .7 I0
3,939,525
17,027,010
Paym ents.
»
2,601,500
3.174.261
2,2 28,a ss
2,071,207
1.844,173
2,806,925
15,986,454
Coin.
j c «»d € Cti’a\ Ourrency.
Hi
118,309,SOd
148,313,0721
148.252.803s
148,171,775!
1.48,3) >5.200.
l 19,479,241
....... .
$
l
$
479.595 59,915.225
465,652,
502,181
870,303
844,382
3H9.385 j
,
5 9 ,8 5 3 1 1 8
59,769,248
59,479.566
59,412,539
(9 ,297 ,152
...........
State and Railroad Bonds.—Sales of State bonds at the
Board include $12,000 Tennessee settlement 3s at 84; $7,000
Virginia fund, debt i'-ds of 1891 at 67; $3,000 Alabama, class
C. at 89, and $1,000 Alabama, Class A, at 107,
The railway tend market has been relatively dull, the
average dailv transactions falling considerably below the
average tor lire past two months or more, being less than tw o
million-, par value, per day. The* developments o f the week
affecting railway properties are generally favorable, and
fluctuations are within a narrower range than in the mar
ket for stocks. While lower quotations are the rule, the
decline rarely exceeds 1 point, and in several eases prices
are higher than last week.
Offerings o f high-grade bonds have been limited, there
fore the trading has teen chiefly in low-priced issues. A
list of the active bonds which have declined a point or more
includes Chesapeake & Ohio general 41Vs. Mobile & Ohio 4s,
Oregon improvement consol. 5s and Texas & Pacific 2ds.
Atchison adjustment 4s, Kansas Pacific 1st receipts, San
Antonio & Aransas Pass, Union Pacific Denver & Gulf and
Wabash 2d tends have advanced, and, with Chesapeake &
Ohio, Chicago Terminal, Missouri Kansas & Texas, North
ern Pacific, Oregon Improvement, Reading, Texas & Pacific
issues, have been especially active.
Railroad and Miscellaneous Stocks.—During a large
part of the week the market for stocks has been under bear
influence, and ns a consequence prices generally declined.
The selling was, however, chiefly for weak or timid holders,
and for short account. Naturally, under these conditions
the most notable changes were in such shares as have re
cently been subject to the widest fluctuations.
There
ha* been some recovery to-day, but Missouri Pacific, Rock
Island. St. Paul & Omaha, Lake Shore, Illinois Central,
Central of New Jersey and Manhattan Elevated have de
clined 3 points or m ore; Sc. Paul and North West, are beween 2 and 3 points lower than last week. Northern Pacific
preferred has been exceptionally strong, and Union Pacific
is higher on the progress that is being made with the reor
ganization, both having advanced more than a point.
The gas stocks have been most irregular of the miscel
laneous list. Consolidated Clas advanced to 226% early in
the week and subsequently declined to 203, closing at 311.
Brooklyn Union Gas lost 9 points, about half of which it has
regained. On two or more days Chicago Gas has been the
most active stock on the entire list and shows a net loss o f
~t% points. American Sugar Refining has fluctuated b e
tween 148 and 148%, Tennessee Coal Iron & Railway, West
ern Union and U< ited States Leather preferred show a Joss
of 1 point or more.
(508
THE CHRONICLE.
VEW YORK STOCK E X C H A N G E — A C T I V E
STOCKS fo r
w eek e n d in g O C T .
H IGH EST AND LOWEST PRICES.
Saturday, I M onday,
Sept. 25 I Sept. 27.
Tuesday, Wednesday, Thursday,
Sept. 28. I Sept. 29. j Sept. 30.
Friday,
Oct, 1.
8TOCK8.
[VOL. LXV
I,
a n d a in o e J A N .
I , 1897,
Sales o f
Range fo r year 1897.
the
[On ban* o f ioo-§hare lots.
Week,
Lowest.
Shares.
Highest.
A c tiv e K i t . S to ck s.
1 4 * 15% A tchison Topeka & HantaFe. 16,885
9% Apr. 19 17 Sept. 18
15
31% 3 2 * 1
Do
pref. 66,374 17 Apr. 19 35% Sept. 8
32*
7,945
9 July 10 2 1 % Sept. 20
16% 16% 17 |Baltimore & Ohio...............
16,615 1 8 * Jan. 7 37 Sept. 13
34%„ 32% 3 3 * B rooklyn Rapid T ra n sit...
1,690 46% Mar. 29 77% Sept. 29
77% *76% 7 6 * Canadian P acific...............
7,242 44% Jan. 13 62% Sept. 16
67% 55
56% Canada Southern................
13,895 68% May 24 103% Jan. 19
95% C entralof New Jersey.......
97 j 93
857
16% 17 % ICentral Paoiilo....................
7% Apr. 20 18 Sept. 28
17*
44,66s 1 5 * Mar. 29 27% Aug. 30
& O hio............
24% 2
—2 *« 23*1 Chesapeake
-------------........ *162 ...........[Chicago <fe Alton
$117 July 22 6170 Mar. 1
9 7 * .Chicago Burlington A Quincy 176,336 6 9 * Jan. 5 102% Sept. 20
98% 96
60 jChloago A Eastern Illin ois...
37% June 7 61 Sept. 8
60 I •57
90 $95 Jan. 8 103 Sept. 14
Do
pref.
•99 103
104
1 6 * 1 7 * Chicago Great W estern......... 62,217
3 * June 23 2 0 * A ug. 12
18%
3,010
9% 10 Chic. Indianapolis & Louisv.
9% Oct. 1 13 Aug. 31
10%
2,006 26% July 30 38% Sept. 1
Do
pref.
32
32
32
95% 96% Chicago Milwaukee <fe8t. Paul 201,752 69% Apr. 19 102 Sept. 15
96*
782 130% May 6 146 Sept. 4
Do
pref.
1 4 1 * 140% 140%
1 2 5 * 123 125 Chicago & Northwestern....... 23,028 1 0 1 * Apr. 19 132% Sept. 15
Do
pref.
........
153 Jan. 12 165% Sept. 22
90 Chloago Rook Island & Pacific 126,560 60% Apr. 19 97 k§ Sept. 20
91% x88
8 1 * 7 7 * 8 0 * ChioagoSt. Paul Minn. &Om. 30,035 47 Jan. 2 89% Sept. 16
125 133% Jan. 18 148 Ju ly 26
Do
pref.
145 *140 145
6,744 2 1 % June 1 41% Sept. 15
36% 3 5 * 3 6 * Cleve. Cincin. Chic. A St. L...
Do
pref.
63 June 16 86% Sept. 8
4,579 9 9 * Apr. 1 123 Sept. 18
118% 119
118% 119
1 1 7 * 118% 117% 118
1 1 6 * 1 1 7 % 116% 1 1 6 * D elaware A Hudson...............
159% 159% 1 5 8 * 159% $159 159
1,602 146% M ay 20 164 A ug. 12
158 1 5 8 * ' ........ 159% 15S 158 Deia w ar e Laeka w an n aA Wea i
13% 13% •13
*13
13%
206
•12* 1 3 * D enver a Rio G rande............
11
•13
13%
1 2 * 13
9% Apr. 20 1 4 * Aug. 14
48
IS
Do
pref.
2,085 36 Apr. 20 50% Aug. 16
4 7 * 48%
4 7 * 48%
47% 47%
47% 47% 4 6 * 47%
17
17%
17
V"
7,270 11% Apr. 19 19 Sept. 16
16% 1 6 * E r ie ..........................................
16% 17%
16% 1 6 *
16% 16%
41
11%
4L
41%
Do
lBtprer.
8,712 27 Apr. 19 4 6 * Sept. 16
4 0 * 41%
41
41%
40% 41%
41
41*
§ 2 2 % 2 2 % *22% 24
Do
2d pref.
1,101 15% M ay 24 2 5 * Aug. 12
*22% 24
22% 22%
21* 22% 2 1 * 21*
§140 110
137 140 •135 140
350 120 Jan. 16 141 Sept. 4
'125 142
138 140 Great Northern, p ref.......... .
138% 139
105 105
103% 101% 104% 104% 103 1 0 3 * 1 0 2 * 103% 102 102* Illinois Central......................... 10,271 91% Apr. 19 1 1 0 * Aug. 7
* 10 % 10 %
1 0 % 10%
10
10
1,519
*9
10
9
9% Iow a C entral............................
8*
9%
6 A pr. 15 13% Sept. 4
‘ 35
37
•35
37
Do
prer.
384 23 June 8 4 1 * Sept. 4
$35
35
35
35
*35
36
35
35
*19% 20%
19% 20
19% 21%
1,619 13 M ay 11 22% Sept. 18
19% 19%
18
18 Lake Erie A W e ste r n ....,___
18
18
76% 77
77
77%
Do
pref.
76% 78% 7 5 * 7 6 *
75% 75% 74% 76 _
3,960 58% Apr. 1 7 9 * Sept. 20
175 175
173% 175 *174 ___
1,484 152 Jan. 2 181 Sept. 16
171 172
172 175 $ 1 7 1 * 1 7 1 * Lake Shore A Mloh.Southern.
*42
15
"42
45
*42
45
*40
45
"42
48
*40
48 Dong Island.............................
40 June 10 55 Jan. 8
58% 59%
59% 60% 59% 6 0 *
58* 59*
57% 5 8 * Louisville A Nashville..........
57* 59*
77,318 40% A pr. 19 6 3 * Sept. 3
104% 106% 104% 106
10 4% 107
101* 104*
9 7 * 100 Mannattan Elevated, consol.
46,614 8 1 * May 6 1 i 3 Sept. 10
99% 103
1 2 0 % 121
1 1 9 * 120 *121 123
1 2 0 * 121
118 121 M etropolitan Traotion.........
119 120
2,031 9 9 * M ay 3 125 Sept. 3
§106 108
107 107
1 0 5 * 1 0 5 * 104 105
104 104% 104% 104% Michigan Central....................
1,478 90 Jan. 28 1 1 1 * Sept. 16
*27% 30
26* 26*
26
26%
25
25%
25 Minneapolis A SL L ouis____
25% 25% 25
1,555 16 M ay 14 31% Sept. 16
89% *85
*87
89
*87
89
$87% 87% 85% 87% 8 5 * 8 5 *
Bo
lo t pref.
601 7 7 * Mar. 18 90 Sept. 16
57% 57%
57% 57% *57
59
56% 66%
66
56
Co
2d pref.
58% 56
800 46 Feb. 26 6 2 * Sept. 16
1 •>% 15%
15% 1 5 *
15% 15%
15% 1 5 *
15% 15% M issouri Kansas A T e x a s....,
15
15%
4,160 10 Apr. 19 1 6 * Sept. 16
37% 33% 3 7 * 39%
3 8 * 40
Bo
pref 30,322 2 4 * Apr. 19 42 Sept. 15
37% 38% 37
38% 36% 38%
34% 333a 34%
31
3 3 * 35
32 Missouri Paolllc............ .
3 2 * 34
32% 34
30
67,575 10 May 6 40% Sept. 7
*28
29
28
28
*28
29
"27% 29
27
28
27
28 M obile A Ohio....................
650
1103a 1 1 1 * 110% 1115a 11 0* 111% 109% 11 0* x 108% 1 0 9 * 108 109% New York Central A Hudson! 43,389 18 June 3 32 Aug. 19
92% Feb. 18 115% Sept. 16
51668 1658 $15% 15%
16
16
15
16
15
15
•14
16 New York Chicago A St. Louie
230 11 Feb. 11 1 7 * Sept. 3
*78
81
*78
81
*79
81
78
78
7 5 * 80% •75% 78%
Bo
1st pref.
100 6 7 * Apr. 15: 81% Sept. 4
3 7 * 3 8 * *37% 3 9 *
38% 38% •37
Bo
2d pref.
37
37
*35
38
39
430 24 Feb. 10| 43% Sept. 20
*183 186
182 185 *183 185
183 183 $184 184 $182% 182 k New Y orkN ew H avenA Hart.
152 160 Feb. 2 $186 Sept.20
18
18%
18
18%
17% 1 8 *
18
17* 18*
17% 1 7 * New York Ontario A Western. 20,965 1 2 * Apr. 19 20% Sept. 16
18%
19
19
19% 19%
19% 19%
19
19
19% 19%
19% 19% New York Susq. A West,, new.
3,540
6% May 28 20 Sept. 16
39
39*
3 9 * 40%
39
40*
38% 39
3 8 * 39% 3 7 * 38%
Bo
orei.
5,527 18% May 20 45 Sept. 17
•14
15% *15
16% *15% 16% *14% 16% $14% 14% "14% 1 5 * Norfolk A W estern....... .
25
9 Apr. 19 17% Sept, 10
41% 41%
41% 43
42
42%
41% 42% 4 1 * 4 1 *
Do
pref.
4 1 * 42
3,725 22% M ay 5 4 5 * Sept. 4
20
20% 2 0 % 20*
1 9 * 20%
1 9 * 20%
20%
20
1 9 * 2 0 * Nor. Pacific Ry. voting tr.ctfs. 24,081 11 Apr. 19 2 1 * Sept. 16
52% .53*
52% 54
52% 54%
5 1 * 53%
Do
52% 53%
5 2 * 54%
pref. 101,193 32% Jan. 5 57 Sept. 16
37
3 7 * *36
40
*36
40
36
36
•36
40
*33
40 Or. RR. A Nav.Co.vot.tr.ctfs.
620 16 June 8 41 Sept. 10
*68
*67
70
*69
72
*65
70
*65
*63
75
70
D o pref., vot. trust.otrs.
3 7 * Jan. 8 73% Sept. 11
21
1 9 * 1 9 * *18
23
___
Oregon
Short
L
iu
e
20
*18
23
19
20%
920 1 7 * July 9 2 3 * Aug. 16
"2 5 " 25% *25*" 27
26% 27%
25% 26%
2 5 * 27
26% 27 Pitts burg Clnn. Chic. A St. L. 13,820 11% Mar. 29 2 7 * Sept. 18
63% 63% 65% 66
6 6 % 69
66% 66%
66
67
* 6 i% 67
Bo
pref.
3,478
26% 27%
26% 26%
26
27*
25% 26% 2 5 * 26% 25% 26% Reading, voting tr. certirs... 49,240 44% June 25 69 Sept. 28
6 * Apr. 19 29% Sept, 18
54*
54
54% 55%
5 3 * 55
53
54%
52* 53*
5 1 * 53% 1st pref., voting tr. certifs. 2%535 11
(38% Apr. 19 5 7 * Sept. 20
33% 33%
32% 33% 33
33*
31* 32*
32% 3 2 *
32
32% 2d pret., voting tr. certifs.
8,800
1
22%
Apr. 19 3 5 * Sept, 20
*22
24
23
23
R io Grande Western...............
100 14 * J une 'i 6 25% Sept. 10
*55
59
55% 55%
55% 55%
Bo
prei.
200
$25
M
ay 26 5 9 * Sept. 10
7%_ 7%
7%
7*
7%
7%
7
7%
6*
7%
7%
7% SL Jos. & Gd. Isl., vot.tr.ctfs.
2,675
3% June 14
47% 47% *45% 49
9 * Sept. 2
48
48
46% 47% *46
49
$46
46%
Bo
1st pref.
655
3
7
*
June
10 52 Sept. 1
16
16%
17
18
•15
17
*15
1 5 * 16%
18
Bo
2d pref.
507 10% July 28 20% Sept. 2
*60
61
*60” 61
•go" 61
*60
62
*60
61
St. Louis Alt. A T. H.,tr.recta
*7%
59 Aug. 16 62 M ay 20
7*
$7%
7*
7*
7*
7%
7
7%
7*
6%
6 * St. L. A Sau Fr., vol tr. otfa.
1,894
52
52%
4 Apr. 19
9 A ug. 12
51
52
52*
52%
51% 51%
52
52*
49% 51%:
Bo
1st pref.
4,341
" 1 9 * 2 0 % $ 2 0 % 21
37 Jan. 29 57% A ug. 12
*20
21
*20
20% 2 0 * 20 *
19% 19%)
Bo
2d pref.
342 12 Apr. 15 2 2 * Aug. 12
*5
6
5%
5%
5*
5*
5%
5%
5%
5%
5%
5% St. Louis 8 oath western..........
850
1 1 % 11%
1 Apr. 1
7 Aug. 16
11% 11%
1 0 * 11
1 1 * 11*
10 * 11%
11
11 |
Bo
pref.
3,220
*24
25
3% Apr. 1 1 4 * Sept. 3
25
*24
*24
25
25
*23
25
*21
24 St. Paul A D u lu th ......
589
88
20
J an. 4 30 Sept. 10
*85
87
88
87
......... 87% ........ 87%
87%
B
o
pref.
*122% 125
153 $72% July 16 87% Sept, 20
121
1 2 1 * 122
122
1 2 2 % 1 2 2 % 120 124
120 124 St. Paul Minn. A Manitoba.
20% 20%
1,450 114 Jan. 28 125 Aug. 6
20%
20
20% 20*
20 % 2 0 %
1 9 * 20
19% 19% Southern Paoiilo Co............
1 1 * 1 1 * 11 % 1 1 * 1 1 % 11 *
3,100| 13% Jan. 13 23% Sept. 8
1 0 * 11%
1 0 * 11% 1 0 * 1 0 * Southern,voting trusL oertif*
34% 34%
3.946
7 Apr. 19 12% Sept. 10
33* 34*
33% 3 4 *
3 2 * 34
32% 3 3 *
3 1 * 33 i B o pref., voting trust, cert 36,623, 227e Apr 19 38% Sept. 10
12
12*
12%
12
12% 12*
1 1 * 12% 1 2 * 12 *
11 * 12% Texas A Paoiilo........................
2 2 % 23
22* 24*
23 * 24*
23
8 Apr. 1 15 Aug. 30
23 7» 22% 24
2 2 % 24 Un. Pao. tr. reo., 1st mat. pd.
9 * 10%
9 * 10 %
9 * 10 *
9%
9*
9%
9
9*
9 * Union Paoiilo Denver A Guil T ft.S O l 14% Apr. 19 24% Sept. 23
7%
8
17,981
1 Apr. 24 11% Sept. 23
8*
8%
8%
7*
7*
8
8
8
W
abash..........
.
......................
7
*
20% 2 1 *
i,042: 4 % Mar. 29
9% Sept. 7
2 0 * 21%
22
20% 21% 2 0 * 2 1 *
20
20*1
Bo
pref.
2*
2*
2%
2
2 |.94° 11% Apr. 19 24% Sept. 20
2*
2%
2%
2*
2%
2*
2%
2% Wheeling A Lake Erie______
8,0911
1 3 * 14
12
13% 14
%
J
u
n
e
1
14*
6% Jan,
14
14
*13% 17% 13% 14%
Bo
pref.
2,530
2% Apr. 15 29 Jan.
n U c e lla n e o u M S t e m * .
2 0 % 21
21
21 *
2 1 % 22
I
21
22*
2 1 % 2 2 % 20
2 1 * American Cotton Oil (Jo.......
7 4 * 7 4 * $77
4,292
77 | 70
77
9% May 28 26% Sept. 2
75
76 I 74
75%
74%_ 7 4 *
Do
pref
13% 1 3 *
1.178 52% Feb. 16 80% Sept. 1
13% 1 3 * ' 13
13%
12
12*1 12 % 12 *
12%
12%
A
m
erican
Spirits
Mfg.
Co
31%
7,963
32
32 I 32
32
9% Apr. 23 15% A ug. 6
$31%
30
31% *29* 31
30%
3
0
*
.
Do
preY.
144% 146% 1 4 4 * 148%' 1 4 4 * 148% 143 1 4 5 * 144% 1 4 6 *
995 26 ,!an. 5 36 Aug. 5
116 1 1 6 * 116% 117%: 116% 117% 1 1 5 * 1 1 5 * ! 115% 1 1 5 * 143% 146 American Sugar Refining Co. 161.228 169% Mar. 29 159% Sept. 3
Do
pref
4,585 100% Jan. 7 121% Sept. 14
87
88*
87% 88%' 87% 8 8 *
87% 8 9 *
88
89% 113
87
88% American T obacco C o ...
*112% 114 $112* 1 1 3 * $113% 113% *112 113%! 112% 112%
67% Feb. 15 96% Aug. 9
112 112 |
Do
pref 35,975
7%
9%
504 100 Feb. 11 115 Aug. 6
8*
9*|
8*
9%
8*
9%
8%
p
8
8 * Bay State G a - ........................‘ 27,985
104% 105% 1 0 3 * 1 0 5 * 1 0 1 * 10 4*
7% Sept 25 16% Aug, 7
9 8 * 102 I 98% 101%
96
%
9
9
*
Chicago
Gas
Co.,
certs,
of
dev.
221% 226% 223% 226
227.977 73% Jan. 5 108% Sept. 18
218% 220% 210% 220
203 217
201 214% Consolidated Gas Company.
"37
38
22,912 136% Jan. 2 241% Sept. 16
37
37
'3 6
39
•36
38
*30
38
36
36
[Consolidated
Ice
C
o___
"86
89
2 0 0 30
$ * 8 % 8 8 % ‘ 86
88
June l b 41% July 19
'8 6
88
*80
88
•86
89
Do
pref.
37
37%
36% 3 7 *
35 80 June 16 90% July 29
3 6 * 38%
3 5 * 37 | 3 5 * 37%
3 5 * 36% General E lectric Co
39
39*
18,400 28% May 17 41% Sept. 15
38% 3 9 *
38% 3 9 * .36 % 38 | 3 6 * 38
36% 37% National Lead C o..
$105% 107
$104 108
........ 108
16,165 217P Feb. 16 44 Sept. 10
Do
pref
M 71 88% Feb. 13 109% Sept. 10
35
35%
3 4 * 36
34 * 35*
2S *l 2
i . “ 35S Paolflo
334, 34% 34% 1S
35%
33%
Mall
*56% 58%
57% 57% ’54% 56% *53% 54 I 54% 54% *55%
17,090 24 Jan. a 39% Sept. 2
57% Silver Bullion Certificates
5%
6*
6
6%
6%
5.000
6*
51% Aug. 27 65% Jau. 27
6%
6%'
6%
6%
6%
6% Standard R ope A. T w in e...
30
30% 3 1 *
30* 31*
2.872
31*
29% 30%| 28% 30%
3% June 29 114, Jan 19
28% 30 Tennessee Coal Iron * RK
8*
8*
8*
87*
8%
33,258
8*
8%
8%
17 May 20 35% Sept. 9
8%
8%
7%
8% United States Leather Co___
67
67% 6 7 *
67*
3,985; 6%
_ May 22 10% Aug. 23
66* 67*
65% 67
64
66
64
65
Ho
pref
18
1 7 * 17*
17% 17%
16,318 50 Apr. 22 7 1 Sept, 1
18
17% 17%' 17
17% 17
17 United States F nbber Co___
60
66
66
66
65% 00
3.005 10 June 3 25% Jan. 39
65% 65% i 65% 65% 64
64 _
,D o
pref
9 0 * 91% 90% 9 1 *
90% 9t *
1,723 50 July 20 76% Jan. 5
89% 90% 89
90%
88 % 90 WeBtem Union Telegraph
43,032 75% May 7 96% Sept. 11
‘ T h ese a re b id and ask ed ; n o gale m ade. § Lees th a n 100 s h a re «
t R m ge daces from A p ra 5. t Before payora,r, o f any lostahneuT
i y
F o r I n a c t i v e S lo c k s , aee ( o l i o w i n g p a g e .
153* l.VS,
32% 33
18
18%
31% 31%
75
75%
57% 58%
97% 98
•15% 16%
23% 21%
•161 167
98
98%
•58
61
•100 105
17% 17%
9% 10
33% 33%
98% 99
*111% 115
125% 127%
•161 .........
92% 93%
81% 81
*141 117
37% 37%
15% 15%
15
15*
14%
32% 33%
31% 3 3 *
31%
16% 18
1 6 * •7 | 16%
34% 34%
33% 35
32*
•75
75%
76% 76%
77
58
59%
57
58*
56*
97% 99
97% 99%
96
17
18 I •17
$1®** 15%
23% 24%
2 3 * 25 | 23%
•164
■181 .........1•164
97% 99%
97* 99*
96*
*58
60
*58
60
•58
*100 104 $101 101
•99
17% 18%
17% 1 3 *
16%
10 % 10 % 9% 10% 9%
34
34
33% 34
31
93% 99%
99 100%! x95%
145 145 51 44* 145 x l4 1
125% 126% 125% 1 2 6 * 1 2 3 *
164 . . . .
‘ 164
91% 93
9 0 * 93
89*
8 1 * 83%
81% 84
79
145% 145% 5146% 146% *145
37% 38%
36% 38%
35*
15%
32%
17
34
77%
57*
97*
18
24
.........
98%
60
102
17*
9*
34
96*
141%
125%
.........
91
81
150
36%
14*
31%
16%
32
•77
56%
95%
•16*
23%
164
96*
•57
•98
16*
9%
32
95%
141*
123%
164
89*
79%
140
35%
THE CHRONICLE
October 2, 189'.]
kti*¥
-1 •<.k.
*5K.CH kYi*E P R IC E * i Conti nuBdl—IN A C T IV E STOCKS,
Oct. 1.
I sactivu S tocks .
Range (sales) in 1897.
Bid.
1 Indicate* unlisted.
n m U rom d S t o c k * .
Albany & Susquehanna....... — 100
Ann A -b o r.................................—100
Preferred.................................—100
Baflaio Rochester & P ittabarg 100
P re fe rre d ....... .................... -100
Bari --(tar Rantdn & N o r... .100
Chicago Great Wusl. pref. A— -100
P referred B
................... —.100
Gle?- Lorain A Wheel, p re f ...1 0 0
Cleve M il A P ittsb u rg .. .
— SO
CoL Hock. Valley <S T o l .......... 100
Preferred —
— -----------lo t'
Be* '.ic'n e* 4 pt. D o d g e .......... 100
Preferred ................................. 10c
Duluth -so. Chore Sc A tla n tic Is .IOC
P ref -r r e d f------- -----------100
Evansville & Terre H aute......... So
P referre d .......... .......................... 50
FUnt at Per* M arquette... . . —100
P re’e r re d ..—. . . . . . . . .
100
Fort Worth ft Rio G rande.------ 100
Green B a y * W estern------------ 100
D eb. cert/*. A .......................... 10OO
Deb. o 'r tfs . B ........................1000
Kansas City P lus. & G u lf.—. —100
Keokuk A De» Moines.--------...1 0 0
Preferred----------------- . . . . . . . . 100
M exican Central.......................... 100
M exican National tr. o t fs — —100
Morris *
50
Nash. Chat!. A Bt. L ouis.......... 100
S. Y. & Harlem ......................... So
8 . Y. lack , a Western......... ...1 0 0
Peoria Decatur A E van sville,.100
P e o r ia * Pastern.......... ........ ..1 0 0
Pitt*. Ft. W. A Chic. g u a r..-----100
Beowwsluer * Saratoga. ........... 100
Borne Watertown * Ogden*.
100
W isconsin C e n t .r o t .t r .e t f s ... 1 0 1
•No p rice Friday
609
175
12
33
21
01
75
40
13138
159
;o *
15
10
70
3*
7*
S27*
45
Y-T
30
Lowest.
170
9
22*
16*
55
88
31*
19
.....
40
161
1*
7
25
14
12
7
_ 60
3'
4*
6*
3*
20
30
‘so
7
30
l5 ” 1 7 *
27*
.....
4
2 5 * 23
13
35
22 k63
——
Apr.
9 Aug.
Sept
2 9 * Sept.
Feb.
4 * Aug.
Mar. 2 3 * Jan.
Aug.
9 * July
2 * Aug.
War.
June 170 Aug.
Jan.
*5 Sept.
Feb. 324 May
Jan. 122 Mar.
3 * Aug.
June
Feb,
8 * Aug.
1 7 2 * Aug.
185 Juo.
1 2 1 * Sept.
June
A * Aug.
: Actual sales
f25
3
48
It
16
6
5
1*
2
l*
1 6 8 * 17o 1 8 2 *
70
295
119
*
' :2 *
4
3*
7
168
181 180
119 1 1 9 *
1
latest price this week.
IHACTIVE STOCKS.
K Indioates unlisted.
Highest.
Feh, 1 7 7 * Apr.
Jan.
1 5 * Aug.
Apr.
40 Aug.
May
2 5 * Sept.
Feh.
6 6 * Sept.
Apr.
76 Aug.
Aug. 43 sent.
Aug. 3 3 * Sept.
Feh.
40* - :
Apr. 1 8 8 * Sept.
Apr.
18 Jan.
Aug- 46 Jan.
Apr.
1 4 * JulyJu y
65 June
Apr.
4 * Aug.
May
1 0 * Aug.
June 34 Sept.
June 4* Sept.
June 1 4 * Aug.
Mar. 44"« Sapt.
Sept
20 * sept.
Apr. 40 Aug.
(% indicates cen ta l sales.J
Oct. I.
Bid.
iU s c e lla n e o n a S to c k s .
Adams E xpress.........................—100 156
American Bank N ote Co 1j..........
A m erican Coal........—.................. 25 120
Am erican E xpress..................... l o o 117
_____
Amer, Telegraph * C able_____100
Brooklyn un ion G as...................100 1120*
Ohio. Juno. B y . * 8took Y a rd s.100
Colorado F uel * I r o n ................ 100 ;2 3 *
P referred ...................................100
6
Col. A H ook. Ooaltr.rcts.aU p(
Commercial C able----------100 170
38
Consol. Coal o f M aryland___ _
Detroit Gas....... ....................... — 50 147
Edison Eleo. HI. o f N. Y ............100 1126%
Edison Eieo, 111. o f B ro o k ly n ..100
Erie Telegraph * T elephone - 1 0 0
Illinois Steel..................................100 H 7 *
Laolede G as....... ..................
100 H 2 s
Preferred....................................100
92
40
Maryland Coal, pT6f....................100
Miohigan-Penlnsuiar Car C o ...1 0 0
P r e fe r r e d .....................
100
57*
M innesota I r o n _______ . . . . . ___ 100
15
National Linseed Oil C o_______ 100
National Starch M fg. C o............100
New Central C oal................
100
7*
N. Y. * East E lver Gas ff....... -100
Preferred IT________
100
North American C o....................TOO m
4*Ontario Silver M ining— _____100
Pennsylvania O oal____________ 50 340
Pu'lm »n Palace Car C o ______ ICO ;176
1
Quicksilver M ining....................l o o
P referred................................... 100
.
.
.
. . .
Standard Gas, p r e f .* !___ ___ 100
Tennessee Coal * Iron, p ref*..100
Texas Pftolflo Land T ru st.____ 100
43
XT. 8. E x p ress___________ .. . . . . 1 0 0
W ells, F arvo E xpress ..
nos*
Ask.
Range (sales) in 1897.
Lowest.
Highest.
1 4 7 * Feb. 160 Sept.
13 * July4 2 * July
14“
113 Apr. 1125 Jan
119 1 0 9 * Jan. 119 Sept.
94
8 5 * Jan.
94 June
124% 85 Jan. 137 Sept,
1 0 2 * May 1 0 5 * Apr.
24“ 1 5 * June 2 7 * S ept,
73 Sept. 85 May
3 * June
l"
7% A u g ,
- _ n _ . 1 6 2 * May
1 6 2 * M ay
35 Feb.
3 7 * Jan
4 7 * 20 Jan.
5 l Sepfl.127 101% Jan. 1 3 2 * Sept,
113
97 Feb. 1 1 5 * Aug.
6 3 * Apr.
. . . . . .
76 Sept.
50 Aug.
2 9 * Apr.
43 * 22 May 49% Aug.
98
7 0 * Mar. 96 A ug.
40 July
50
50 M ay
10 July
14 Sept.
42 May
6 1 Sept.
60
38 A or.
60 Aug.
16
10 May
2 3 * A ug.
3 May
13 Aug.
11
9
4% May
8 * Aug.
6 0 * June 9 7 * Sept.
. . . . . .
98 May 1 2 0 * Sept.
3% Apr.
6 * Aug.
3 * Aug. 10% Jan.
370 340 Mar. 340 Mar.
. . . . . . 152
Jan. 185 Sept.
3
1 * June I 4 * Aug.
11
8 Apr.
13 Aug.
102 Jan. 151 Sept.
65 Apr.
80 July
6 Apr.
. . . . . .
9 Aug.
37 Feb.
48 Ju ly
97 Jan. 112 Aug.
. . . . . .
159
NEW YORK STOCK EXCHANGE PRICES.-•STATE’ BONDS OCTOBER 1
SECURITIES.
Bid.
A sk
If
SECURITIES.
Bid.
A labam a—Class A, 4 to 5 —..1 906 106 ___- I Missouri Fund............. 1894-1895
Class B, 5»..............................1906 105 ......... North Carolina- -6s, o ld ............JAJ
98 . . . . . .
Funding act
Class C. 4*............................. 1900
1900
New
Currency funding 4-«............ 1930! 93 -----N
.-» boil
w ild ,. J A J ........ 1892-1398!
Arkansas —Os./und,Hoi. 1399-190© ....................
Chatham KK — .......................... :
Non K olford.
Special lax
*1.
ConsolidaU-.i *.....................i s i o t
7s, Arkansas Central B E .______
6 * ..................
Louisiana—7«, eon*..............1b i -i
: - ......... .....1 9 1 9 !
Stamped 4 « . . — ------ . . . . . . ___ _
South Carolina i * s , 20-40., 1933•‘.a. non-fund
..............
1883!
90
New consol*. 4 * ........... ........ 1914
N ew Y o r k C U y R a n k
N la lo m e u !
fo r
th e
w eek
Sept, 25. 1897. lr* omit two ciphers ( 00) In aUaims.
B Hints.
too* omitted.)
Capital StirpVc Loans,
Bask o f New York. *2,000.0
Manhattan Cm.
' ,050.0
Mamfaaai*’ *•***••**««! %.000,0
M m km im ' I
2
Am erica»a
j 1,,#6o,o
piums* -»•
*.« « i i .OCWXil
om
i ,00031
....... j
Ot»o«iie*ta.
„
500.01
Merchant** Bxe&’ao
mm,0;
G alla tin .............,! I ,€MiM).«:
B&tcbmm1A
| MW)M
lie tmulm* *k Tm&W
Ghemti with
2^0,0}
l*aat&ar Htktmfm’Tm.:
i
• # * « » » ,.
State of New York. I %,200,0:
Am&mma s&ctaucei 5 ,000,0;
Oam numm,..*«*.
l 6 .000,0
BrmAwmf*,
.
f I .OOiXO
tf-MMBUlO ,.. **»**.** J ■
Pvl
422,7:
R e p u b l i c , . . 1 ,500»0i
4,m,0:
Ok
Fmpim 1-.......
200,0!
North Awm%m*****.J Tw>,o‘
K»BOo,«ra—W e.-.*»•} 1,000,0 ;
$00,0!
600.01
$00,0.;
maJii
Market A
S feC-*#A
I
Corn K
#*» •*. . ‘ 1
Ohm-Usimzlal...,-•**■***J I.
I
{ t&pmt#t&46 Tmd*m' i,
j t
MV*?. .
WokTth.. . . . . 1 Si
C
N
t
«
I,
300.0'!
Sooocfl..
73-0.0;
n m t,. -------------- a*.,! •00,0:
m, y .
800.0 r
mmi
Bnw I'm A Oon.ntj.,\
200.0:
#»rawkft Am^ftcAk.. - 730,0.
CUmm- .....si
| &m,w
Wltih A t
. .....j
im M
200/1
Kxefe*ojf«a J
2Wt,0i
440Erma»!*-.
®piodi ■Sfeiloi.,.»*.»»! $00,0'
200.01
ft - *.** a.-.awa.'
. . . . . . ___ . . . .
200.0
Fifth
200,0;
Bmktrf. fU# Mmmp*
iWKXO
Wm%
...........;
200,0!
Bmhmttl.
s u m .................... .
200,0
W m c m . . . . . ____ „ 2, 100.0
Wlttt NftS. B"kljrn...
300,0;
Union Bmn k .
i,200,0
600.0
U berry Wet. Bank..!
H. Y- Pro4. Yj'gfe'Kft
8 t , of n . Ammet$&m!
hpctie.
e n d in g
i*7Yt!oi
•25,114.Oi
28.6<*3,7i;I0,240,#f
.142,3.
l.*2a».E)
23,900,8:I 4,002,2;
8,2i>8.0:: 1.522,0;
5,478,03,57o,*2j 47-13:
96*7 t l,l!
u n /i,
100,0’
2,8-84,0; 425.0:
57 7.0:
3,039,4 s) 277,5)
20.307,0: 4*001.41,8224)
2304
3*43»4f 885.8f
7,017,0! 074.0
0,3124. 1,010.2
§,067.0: 893.0:
1,787,7
259.0
4,546.0
807,8!
241,0;
830,0)
1,858,0;
17.050.2
3.074.0 *719,0
12.038.0 2,070,8
2,880,1)
820,8
4.300.0
5754
327,2
2,353,8j
Legal*.'{Deposits,
's m f t s
U
Moir Vorl1
jfVtplt.il 4
BASK* j .furjimi
,Of914,220,6
•14.960. ■ 040,0; f|
fHM.0
0( 2, 7012
1,300 .6! 14/-I61 '.S
1,304
2,021.1j ®4o io ;,0 1 MA.i
19J241,4 % m */,
i i i ,«
MAM
»73.*4-M^O.T 8%
2,741,4
jML4i 2,121,4
7.407,0 2S,.4&B,0:
120., i
17« 0
6473,0
le67»J! 7/243,.1
t ' trti «
im ,
- %'
I OS/2
2460X1
§,07&Oi[ 231,Ct
l05,Mf
171 m \,m5M
WmA \
%MmM[ tat*?!
97 3! 1,887,4!
27S B|
444,0’
S it 'd
1! 140 i f
,510,8 24,404,®! 2,192.0
,479,4 27 199,8; 2,07:3,2!
,570,3| o‘ «'71,d
f$9.0>
071,9.; 0,2AS/9i
7S3,1J
.500 0; 2,3-50 2? 43d’3;
WihM .13,322,0! 2*357,A
8.040,6,
83-0,4!
-iJeO.ti
104.71P 080,
1,48s, A
,111.4 93.S4M 5,020.0)
342,0?- U64,Oj
369,4?
430, i;
3”8©,8 f 2,336*31
2>S37,0;
100*31
,003,4)
636,7 j
130,7! 3*046,
407.fi,283, If 9,238,-3); 1, 470,1
ilYY :
M%w
,M M
141,8!
,025. H’:
5fK^,2'
877,0)
201.1 f
A sk.
SECURITIES.
-i l l
-Tennessee—« s , o ld ..... 1892-1898
6s,
w bon ds.......... 1802-8-1900
Do
New serifs___1914
.................... J Com prom ise, 3-4-5-68........... 1912
..........i.........
New settlem ent 3 s................1913
Redem ption 4n_.----...1 9 0 7
102*
Do
4 * 8 ....................... 1913
122
Penitentiary 4 * « ...................1913
103
Virginia funded debt, 2-3e— 1991
i o».
red t’e* ren’ tii. stamped.
0 * 2 .7
3.77
2,3*
i- mj\ tim%8
61>0,0! 3f.321,0
iSfil 3,368,4
4*i12,2 2,78.1,8
2*5C>7,1; 25,811,7
*W*4- ------------- 59,022,7 74,291,3 576.5854 91.870,6 80,485.0 825,358,0
!*. Y .*
Bid.
A 8k.
83
86
66*
4
67*
Bostou and I'iulaftelpitta B anks:
L&ans, j specU.
Lt&t*. ^DcpcciU." I Oirc'Vn ClcaHnpt
#
*
9
1
*
!
#
*
6rt«,i-«l,2 07,433,4 102,l30.a «41,769.4 13,1*54/ .... ,003.1
1J. 133,348.6 57«.«4A8 92.183,7 95.9S9.6 042.149.il 14.241.0 692.611,0
M 18. 183.386.0 570,3!.i.7 01,SO1,2 S7.0SO.0 O35,056.0 14.802,2 887.640.4
“ 25., 133.814.0 570,585,4 9 1.HTo, <> 30,465,9; 025,356,0 15.400,4 844.880.4
Bo*,*
8*0)1.11 , 83,398,8; 182402,0 10,423,0) 7.850.0 181,490,0 7.510.0 94,832,
** 18., 88.303.8 1.82,238,0 10.751.O 7,855 0)180,748,0 7.512.0 122 068,
m 25.; 63.303.8 183,053,0 1O.0SS.O
8.307.0470.718.0 7.408.0 105.881.5
PfaHite*
8«rpt*lt„: 35.388.0 117.364,0
38*465,0
426,475,0 0,885,0 58,158,2
•* 18. 33*388,0) 117,558,01
30.578.0
127.498,0 0,873,0 72.080,
« 25. j 33.388.0 1 i 7,250,01
38.100.0
j 136,097,0 0,040,0 86,788,
* 11*#
turn 6ipA*?» in *til these Mpure-),
f la&lu&tag i<#r
and Phitarl«iy{ila the Item “ due 10 other banke’*.
Miscellaneous and Unlisted Bonds:
51 l.nceHm««•«»«* B oo da*
5f ia cella a eou a Bon Oh.
Oh. Stott* 8* id s.—<3oL|»«.,5)» .... *
d©if, <fe Clear. 0, dc 1 . 1st g. 6&
mUmOhC, I. liic o n x 0*,g,f‘ icO
2d g. 5a . . . ----- . . . . . . . . . . . . .
Colatado Fuel ^ I*—0ea* a#.I
Maalutr. Beach H. & L. g. 4s.
Colatabu a *fA i-l«t, g.,
Met repel. Tel. & Tel. le t 5a..
Co nraercla! Cabin—1st «. >»*. *100 b. Mich. -Pen 111. Car let5a .....
C6n 0.Qaa Oa,-CWe.—1st *?a, 5* *102 a, Mutual Union Teleg,—0a,g..
tie Bardoleblm C, 4 I,—g.
Mac St arch Mfg:, 1st 6m ..... 108“
lies. Oat eon, i# i &........ ...
’ b. N. Y tfe N. J- 1elep. gen. 5b ..
Editoa Klee, 131, Co,—lat 5s*. im ibb. Nort hw e*te 1n Tel eg rap h—7s
Do of Bkljn,, l©t 5 -.. '111 Jab. People'* Gas & C. t 1st g. 6».
Hfjttlt, G.-L , 77,
5a.
|| Co., Chicago----- j 2d g. 8a. 108 a.
Eou}ta?de O. ,;t F,—lat 6#
let coa». g. 8«........... .......... *114 b.
io7*V|.
Erin Teiejf,
T«1t’|). 5 «j
m b.. Boar.ii Vuba Water—Con. 6a.
0alvt>%fx>ii Wharf ' 0. Int 5«.| 100
Standard Bone & T, - I no. 5a.
15%b.
Hroderson. Brld«&- -1 t g . 0a. 310
,|j Bnud.vy Creek Coal Iwtg. 8a,
0 lined#.Steel d eb,»
j Western Union Teleg.—7a... 107
'* “ b.
Western Gaa coll, tr. 5 a ...... 103
Koti-eonv, deb. 5X otk.—“ o’hndicato* price bbt •
, i“ price 'Uk*4. * Cat-oat price this week
H u nk S to c k L is t — L a te
prices. # Not Listed.
BANKS.
BANKS. I Bid. Ask,, BANKS. Bid, Ask,
-b
!N.Y.Nat.Ex 80
iGarfieM
Niniktei....... 97
IOerraati A*1*■ n o
G erm an B x . ‘
315 !l0th Ward. 100
N. America 135
:Germania— 306’
Oriental...... 160
■Greenwich... 165
Paul lie ...... . M()
101 [Hanover—
Park— ..... 260
100
Hide A L«*.
People’s...... 210
. . . . . . .Had. Rlver.
Phem x..,-., ICO
580
Tra«Tr«
285 i
\
Piaxa*........ iS5
4000 4500 ilmviiW......* - iffi
I P I . .. I) Cciather Mia* 170 180* Prod. Ex.*.. 114
Republic .. 150
125 135 ! Ll berry*.. ... 135
seaboard,.. 170
Columbia.... ,.,..,1175 ] L in eom ......
800
425
Second
CommeTno... 208 1209 1Mauhattao,.. 226"
•Seventh.
Cant mental. 130 I .... 1Markettfe Fal 215
Shoe & Le’ th
Corn E x ch .. ..... . 300 ' Meehanl©##. 193
Wo
Stateof N.Y. i f
Ka«t River.. |135 j .----- M‘ch«’ Apes* 110
70 “
Third......... . 20
11th W ard.. 1250 ■'....... Mercantile... 162
FLffh A re,... SOiJO 13800 : Merchant.’ 143 15*6“ Tradeaio’n’ a. 102*3 105
F ifth '.......... 240 250
Merch’t. Ex. 120 125 112th Ward*. 125
F irst........... 2700
U n io n ..,,... 201
MetropoPn... 440
Union Sq.*.. 175 W o “
Mt, Morria,. n o
FirstN., H. I. 120
155
Un’d States.
Nmmn
14th Street.. 130 480
YorkTilie*.,. 170
F ourth ....... 180 1....... N. Ama’dam, 210
Western___ 120
GallAtln__ _ 310
.....j New York... 287
vi*,
N Y, (ifi'iiw 700
Oanwevoort*.
America.......
Ex.ch...
Aster Place*
Bowery*......
Broadway.,..
Batch.&Dr,.
Central.. .. .
Chase.........
Chatham.....
Chemical....
C ity ..,........
1Bid. Aak..
mn
174
.
800
232 [240
.... lino i
1
THE CHKONluLE.
0 1 0
BOSTON, PHILADELPHIA
AND BALTIMORE STOCK EXCHANGES.
C F S h a re P r ic e * — n o t P e r C e n tu m P r ic e * .
Active Stocki.
f Indicates unlisted.
(V O L I X ?
Saturday,
8epL 25.
Monday,
Sept. 27.
Sept. 28
Wednesday,
Sept. 29.
Thursday,
Sept. 30
Friday,
Get. 1.
Sales
o f the
Week,
Shares.
Range o f gales In 1897.
Lowest.
Highest.
Atcli. T. 4 8. Fe, ( B otton). 100
15
15
15
14% 15
15% 15% 15
15*4 15*4 15
15%
1,147
9% Apr. 20 16% Sept. 18
AUantlo 4 P,tiv
“
100
15o. Feb. 17 1 0 0 Aug. 12
*%
%
Baltimore & Ohio (B a ll.).100
*16%
*16% 17
9 Aug. 2 21 Sept. 20
*16% 17
* 10 %
.
'
17'
'
67% *64% 67%
Balt. C ity Psss’ger "
25 *......... 68
68
59% Jan. 13 67% Sept. 15
Baltimore Consol. “
25
”22*” 2 2 %
T iS * 2 2 %
22% 22%
2,524 17 Jan. 12 22% Sept. 14
22% 2 2 %
Baltim oreCousoLflPAil.). 25
34 21% Aug. 6 22 % Sept. 29
Boston A Albany (Botton). 100 219 219
216* 218* 217“ 2 '_7
153 209 Jan. 4 220 A ug. 27
218% 219
218% 219* 217 217
•216
*215
Boston * L ow ell
“ - 100 •216
210
*215 217
100 205 Jan. 2 216 Sept. 3
216 210
Boston * Maine.
11
100 *X6S»a
167 170
169 169
167% 1 ,7%
107 170
146 157 June 2. 170 Sept, 28
167 167
Central ot Mass..
•'
100 •IDs 12**
12
12
*11% 12%
'l l
1 1 % 12
9 A pr. 22 13 Aug. 30
12
45
P referred.........
11
100
61
61
61
' ........ 61
61
*59
61
56 Mar. 26 62% Aug. 30
CMc.Bur.A Quin.
**
100 98
93%
96% 98%
98
99%
96
97% 32*753 69% Jan. 5 102% Sept. 20
97% 99% 96% 97%
CAlo.Mll.A St. P (PAH.). 100 98** 99
98% 99% 1176 100% 9*% 96 % ’ 95% 96%
95% 96% 17.700 69% Apr. 19 102 Sept. 15
Cboe.O&U.vot.t.o- “
50
9%
*3%
9%
9%
9%
9%
9%
1,092
6 M ay 7 103s Sept. 20
*9%
9=8
9=8
9%
9%
Clt, 8t.R y.of Im lf *’
100
16 Apr. 12 25% Jan. 20
93% 93% 93% 94
Fitchburg j>r„r. .(Boston) .100 94% 94%
93% 94%
93*3 94
94
'
185
88%
July 17 90=8 Sept. 20
94*4
Lehigh V a lley .. ( P h ila.). 50
30% 31
30
3<v% 31
30% 31% 30% 30%
30V
2,387 20% Feu. 18 32% July 22
30% 30%
120 % 1 2 1 %
M etropol’ n Trao.11 **
100 121. 121
119% 119%
4 l2 99% M ay 3 124% Sept. 3
*118 120
6
Merloan Oent’l (B oston ).10
*6*s
6%
0%
6%
6
6
6%'
6
6
1,265
5 Aug. 11
9 ^ Jan. £ 0
N.-w E n g lan d....
!’ • 100
40
*30
18 Apr. 6 40 Sent. 1
P r e f e n e d ........
“
100 *80
*80
85
*80
85
85
*80
85
*80
85
57 Feb. 15 90 Sept. 1
Northern Central ( B a l .) . 50 *78
78
74
*77% 79
78
*77% 78*3
80 67% Jan. 27 78 Sept. 15
Northern Pacific fPAiin, jlOO 20% 20%
20 20 % 19% 20 % 19%
20
20** 20
20*9
7,6is0 JO V A pr. 30 2 1 7g Sept. 15
Preferred
**
100 52% 53
52% 63 . 52%
52% 64%
10,921
52%
54%
52% 54
33% Jan. 15 57 Sept. 16
- - 63%
Old C olony____(B oston). 100 *183%
183 184
184% 184% 184% 181% *184 1S5 1*184 1 *.5
149 176% M ay 26 196% Aug. 23
Pennsylvania ...(P h ila .). 50
57% 57=0 67% 57%
56% 57%l
57% 57%
56% 57%' 56*8 57 I 6.251 51 % M ay 3 59=8 Sept. 18
72% 72% 72
Fhlladelph. Trao.
“
50 72V 72=8 72% 72%
72%
71% 72 I71%
71V
2,767 66% Jan. 5 74% Aug. 6
Reading C o.........
”
50
13% 13% 13% e 13% 12l3lfi 13% 11215^ 1 3 4 1 2 iii, 13% 33,093 8hifi Apr. 19 14% Sept. 18
Onion Paoifiel .CBostoni.100 ' i k
23 1 22% 24%
22 ** 2 toe' 22% 24 I 33,704
23% 247r| 23% 23 %
5 Apr. 12 24% Sept. 28
Onion T raction.. ( Phila.) . 50 1138 11**
11% 1 1 % 11 % 11 %
11 % 11%.
8% Apr. 29 13 % Mar. 3
14% 11% 11% 11% ! 4,078
m is c e lln n e o a a S to c k s .
Am.Sug’ r Retln.1l (B oston)__ 1441; 140*6 1441% 148
1447e 148% 143 115% 144% 146% 143% 146
26,103 109% Mar. 29 159 % Sept. 3
117
P referred _____
“
.... 117
117 117
117 118
115% 115% 115% 116% 115 115%
449 100% Jan. 6 1 2 ' % Sept. 14
BeU T elephone..
"
100 269 269
264 269
263 265% 26 : . 265 I 262% 264 X259 259%
944 205% Jan.
2S5 Sept. 14
B est & Montana.
“
25 146% 147
116% 148
143 145
146 147
141% 144% 142% 145
4,558 94% Jan.
151% Sept. 20
21*4 28
Butte & B oston !
“
25
27% 29
28% 29%
27% 28%
27% 28
27
28% 18,560
6 Jan,
31% Sept. 20
Calumet & Heola
“
25 475 475
475 475 *475 477% 175 477
470
475 477
48 326 Jan, 2 495 Sept. 20
Canton C o ........ (B a lt.). 100
*64
69
*65
70
60 Jan. 8 6 1% Feb. 6
Consolidated Gas
■*
100 *60
60*3 To” T o" To” To% 59% 60
*59
60
*59% 60
355 55 June 2 62% Jan. 15
E!ee.8tor. Bat’ylf (PAila.). 100 29*s 29=8 29
29%
29% 29% 29% 29%
29% 23M
29% 29%
2,138 15% Apr. 22 33% Sept. 7
Preferred It
“
100 31% 31%
31
30% 31
31%
31
31
31% 81%
760 17% A pr. 30 36% Sept. 7
70% 73
Erie T elephoue.fBostonJ.100 71 *s 73
69% 71
70
70%
69% 71
70
70
2,218 63% Apr. 1 77 Sept. 15
General E lectric.
"
100 3fl% 36%
36% 38
36% 36%
' “
37
37
37
37
36
36
1,110 28% May 17 41 Sept. 15
88
P referred ........
100 *85
85
84
85
84 ' *<)4
*85
88
88
*83
85
60 68 May 18; 90 Sept. 15
47
Illinois Steel . . . .
“
100
■18*a 47% 47 % 47% 47% *46% 47%
47% 47%
46
46
398 29% A pr. 21 50% Aug. 30
Lamson StoreSer
“
50 *20
2 0 % 2 0 % 20
20
19% 19% *19
'2 0
21
19%
141 15% June 21 23% Feb.
45
Lehl’h Coal&Nav. (rh.Ua.) 50 45
4450 44% 44% 44% *44
45
44% 4 4 4
41% 44%
187 37% M ay 26 45% Sept.
N. E. Telephone (Boston) .100 *
133
131% 132 I ........ 131
130 ^_
13 ! *123 1 2 ) |
51 101 Apr. 5 135 Sept.
Pa.Heat,L. & Po w ( Phila. ) . . . . .
16% 16%
16% 16%' 16% 16%
16% 16% xY eP 16%
16% 17%
4,276
13 Apr. 30 17% Sept,
Unit’d Gas Imp. if
“
50 84
84
84
83% 84 I I! S3
83% 84 | 84
83%
82% 84%
2,773
70% H ay 3 88% Sept.
Welsbaoh Ligfitli
“
5 47% 47%
47
47%
47
47
4’
47
4:6*3 46^ *46% 47
467 39% Apr. 6 50% Sept.
West E n d L a n d ..(B otton) ...
*1 %
1 %; *1%
1 %; *1 % 1%
* 1%
1%
1%
3%
* 1% 1%
500
1=8 July "
2% Feb.
* Bid and asked prices; no sale was m ade.
II Lowest is e x dividend. t 1st instal ment paid.
! Trust reo.,all Instal. paid.
68
Bid, Ask,
I lactive Stocks,
Bid. Ask.
Bonds.
B id Ask
Bonds,
P rices o f October 1
80
Pa.
&
K.
Y
.
C
anal,
L
ut
,J
&
I
.........'125
Atlanta * Charlotte (B all.).100 92*9 97 %
119%
Con. 5s,.......................193
,& { 1
105
Boston & P rovidence (Boston).100 365 268
Non-exempt Ob. ___ „ 1 9 1 8 , J&J
108
People’s Trae.rrnstoerts. 4 s..l9 4 3
9 8 ^ 99
Catawissa____________(Phila.)- 50
Plain 4 e ........................ 1910, J&J
9i
Perkiomen, 1st se r .,5 s .l9 1 8 , Q—J 1 0 ! V - ___
51
1st p referred ...........
“
50
Ohio, Burl. & Nor. 1st 5.1926, A&O
105% PMla,&Erle gen. M, 5g.,1920, A&O 116 L . „ ,
Central O hio................. (Balt.) 50 24
26
2d mert. 6 s . . . . . . ......191 8, J&D
101
Gen. m o rt,,4 g ....„ „ .I 9 2 0 , A&O
12
Chloago & West M ioh.(Boston). 100
10
Debenture 6 s .......... 1896, J&D
Phila & Read. 3d, 5s. ..1 9 3 3 , A&O 12<v
C onnecticut & P ass..
“
100 155 159
Ohio. B u rl.* Quincy 4e ,1922, F&A
98
Consol, m ort. 7 s ......1 9 1 1 , J&D 132 134
Connecticut R iver . . . **
100 250 255
Iow a Division 4a......1919, A&O
100
Consol, mort. 6 g . . „ „ 1 9 1 1 , J&D 122
____ Chio.&W.Mioh, gen. 5s, 1921, J&D
Consol. T r a c t o f N.J.1I(PAita.).I00 36
65
Im provementM . 6 g ., 1897, A&O 102%
•elaware&Bound B r .
•>
100
Consol, o f Vermont, 58.1913, J&J
73
Con. M. of 1882, 4sT...1937, J&J 1021*2
Flint & Pere Many. .. ( Boston) .100
u
13
Current River, 1st, 5s.,1927, A AO
75
Terminal 5s, g ..„ ,„ 1 9 4 1 , Q.—F. 1 1 ? ’a 118 hi
P referred .................
“
10O 40 , 41% Bet. Gr.Rap.& W .,lst 48,1946. A&O
74
Phil.
Wflm. & Balt., 4a .1917, A&O
------- _____it
Heatonville Passeng. (P h ila .). 50; 46
£ astern 1st mort 6 g.l9 0 6 ,M & S ..
121
Pitts. C. & St. L ,, 7 s ....1 9 0 0 , F&A 108% . . . . . .
Preferred 1i..................
“
62
’“ree.E lk.& M .y,,1st,68.1933, end. §132% . . ... . Beading Co. gen. 4s. ....1 9 9 7 , J&J
843
q
85^4
Hnnt. & Broad T o p ,..
“
18
Unstamped, 1st, 6s, 1933............ §132%
Rochester Railway, con. os ..1930
96
Preferred.....................
“
47% 48
K.C. C.& Spring,,lst,5g.,1925, A&O l 70
80
8elm
yl,R.B,8ide,lst
5
g.1935,
J&D
103
Kan. C’y Ft.8. & Mem.(Boston)
16
20 K O. F.S. &M . eon. 6a, 1928, M&N § 99 100
Union Terminal 1 s t 5 a .......F & A
Preferred____ _______
“
60
55
K.C. Mem, & Bir.Ast,2s,1927, M&S * 76
77
Little S c h u y lk ill...:.. (Phila.)
52
52** K.C. St. Jo. & C. B „ 7 s ..1907, J&J §120 121
A t ® « « | f i 9 0 7 , J&J 119 121
Maine C entral,.........(Boston) 100 125 126
§ 93
95
Baltimore Belt, 1st, 5 s .1990, M&N
7 9 ^ 80%
Mine Hill & S.H aven.fPAifaJ. 50]
§101 103
Balt. C. Pass. 1st 5 s ....1 9 1 1 , M&N I l l ' s 115%
N eaqaehonlngV al. . .
“
50
53
2m., 5—6 g ................ 1936, A&O i 85
87
Balt.
Traotion,
1st
5
s
..1929,
M&N
113%
114
North American C o ..
“
100
Mar. H. & Out., 6s.......1925, A&O "110 111
Extern & impt, 6 s . . . . 1901, M&S 103 |104
North Pennsylvania.
“
50
89
M exlean Central, 4 g . . .1911, J&J
63%
65
No.
Balt.
D
iv.,
5
s
.....1
9
4
2
,
J&D
Or.Sh. Line all asst.pdf Boston) .100
114% 114%
18*9 19
1 st consol,Incomes, 3 g, non-oum. 15% ’: 17
Baltimore & Ohio 4 g., 1935, A A O 104 1104%
Pennsylvania & N. w . (Phila. 1. 50
2d consol, incom es, 3s, non-oum. ' 5%
6
Pitts, & Conn., 5 g .„..1 9 2 5 , F&A
80 ’....... .
Phlladel. & B r i e ......
“
50
26
N. Y. & N.Eng,, 1st, 78,1905, J& J( 1119 120
Staten Island, 2d, 5 g .i o z o , j &j i 70 i ....... .
R u tla n d ...... (B oston).
100
1st mort. 6s........ .....1 9 0 5 , J&J )112 11 -2 %
Receivers’
certificates,
6s..J&
D
102
%
“
100
Preferred............ .
Ogden. & L .C .,C on.6s...1920,A&O I 90
92
Do. Maryland Construe., 5 s . . . . . . I
100%
Boathern....................
(B a lt.). 100 10*9 I t
Inc,
,mmmmr, mam am 1920
15
D
o.P
lttsb.
&
ConneUs.,
5s..J&
J
Preferred.....................
"
100 32
32*s Ru tlimd, lB t,6 s...."V 'i9 0 2 ,M & N §i'oT 106
Do. Main Line 5s.................... . . . l 101 % 101%
West E nd__________..(B oston ). 50 93
93M
2d, 5 s - . — .
.
.1898.F & A I 99 100
Bal.&Ohio S. W .,lst,4% g.l990, J&J - 98 100
P referred ...................
“
50 100 101
CapeF.&Yad.,Ser.A„6g.l916, J&D
50
United Cos, o f N. J .. (P hila.).100 247 248*9
60
M a n t i o " ^ 1st 4?g.®19l!>®M&N 105
pent. Ohio, 4% g . . . ....... 1930, M&S
'V e Jt Jersey & Sea 8h.
“
50 49
95
50
Buffalo Ry. oon. 1st, 5s.......... 1931
Cent. Pass., 1st 5s........1932, M&N 113%
Western N.Y, & P enn
“
100
2%
3>e artawlBsa, M ., 7s........ 1900, F&l i o T
ffity & Subs is t 5 s......1 9 2 2 , J&D 113 113%
W isconsin Cantral. . . (Boston). 100
2%
3
Ihoo. Okla. & Gulf, prior lien 6 s.. 106 107
Chari. <M.&Aug,ext, 5a. 1910, J&J 108 109%
P referred ....................
"
100
5
7
General 5s
.........1919 ,
87%
Col.
& Greenv., 1st 5-6S.1917, J&J 13 3 115
Wore’ st. N ash.* Booh.
“
100 115 120
ntlzeris’ St.Ry.of lnd.,oon.5s,1933
74
76
( V
MISCELLANEOUS.
G
e org ia * A ia ,,lstp f. 5 s.l945,A & 0 102 % 103
olumb. St. R y „ 1st, con. 5 s..1932
Ga.Car.
& Nor. 1st 5 g .,1 9 2 9 , J&J
A jlon ezM ln’g.asstpdfB oston). 25
84% 84%
i*<
1*9
Amer. Ry. ill. L igh t.. (P h ila .)___
Georgia Pac., 1st 5-68...1922, J&J 118 120
6
0*s
97%
98
«
«
c
r
s
„
& Fla,, i 8t 5 s ..1945, J&J
..(B
o
sto
n
).
Atlantlo M ining...
24% 25
98% 98%
1
2
1
%
Bay State Gas 11..
North. Cent. « s .„ „ .„ ....,1 3 0 0 , J&J 108
Easton & Am, lstM ..,5s.i920,M &N 107
Boston Land.................
"
5
112
5% Eleo. & People’s Trao. stock, tr. otf s 70% 71%'
Series A , 5 s . . . „ „ ....1 9 2 6 , J&J 116
Centennial M in in g ...
“
19=4 20
Elmir, &Wflm., l e t ,69.1910, J& J. 121
o 4*v0
— . . . . . . . . . . 1 9 2 5 , A&O 109
F o rtW a y n eE le o t.il..
“
1
2
Hestonvllle M. & F „ con, 5S..1924 115%
P itt s .* Connells. 1st 7s. 1898, J&J 103 104
Franklin Alining____
"
20 % 21
H u n t.& B r'd T op ,Con.58.’95,A& 0 107%
Southern, 1st 5 s.............. 1994 , J&J
Frenohm ’n’s Bay L’d .
“
%
% K. O. SuJ). Belt 1st 6 s... 1920, J&D 106
92% 93
108
^ f i u i a Mid., 1st 6 s ... 1906, M&g 111% 112
Kearsarge M ining....
“
21
21 %
G.P-3.st5a.1923, A&O
70
Marsden Oo............... (P h ila .).........
19% 20
i f |eI,Je8. $ ) ........... ...-1 9 1 1 M&S 116 V
I*W<3‘
n
»7
j
*%
«...........1914,
U—J
111
Osoeola M ining____ (B oston). 25
39% 4 <
114
2d 6s, gold...................1897, J&D 102
Pullman Palace Car.
•*
100 170 177
95
£25 l erie8’ f " 4"08....... 1921, M&S
General m ort. 4 *sb, ar. 1 9 2 4 .0 —F
Pennsylvania Steel.. (Phila.).100
6*1
1
Berias,
5s-----.....1
9
2
6
,
M&P
29
30
103
J^U gh Val.Coal lBt5s,g-Ul33,.J*J
96%
Preferred If....... .
“
100
49%
108% 109%
VaUey,
le
t
6«.
.;i8
9
8
,
J&D
wflm
l8
t*.6
g
:l91i
)
-i&J
103%
Qnlnoy M ining. .....(B o s t o n ). 25 118 120
Wllm. Col. & A ug., 6 s ..1910, J& r 115
131% _
“
25 136 138
i a uaraok Mining___
Mining
S 7 ' V ’! ...................... 191° - M* B
klBOBLLXNEOOS.
w S S b 6 .....................-1923, J&D 117%
" ater P ow er..............
100
1
%
123 125
oon’ 5 8 -1 9 3 0 109 109%
W jsHngh, Eleo. & M ..
24
60
F n n dln l K ! ! , 5. ! ; : l l S i e ’, M t o
24%i V‘!F}h p f
1st,
4
s....1
9
3
6
,
M&N
112
Pref., cum ulative.
55
50
f»f>%]
104% 105%
118
3 o n d » —B o s t o n ,
77 I 78
Pennsylvania gtn.O e, r.,1910, Var 128 130
At, Top. A 8. F. general g. 4s, 1995
Funded debt, 2-3s....... 1 9 9 l'- j &j
86%
66%' 67%
Adjustment g. 4s, 1995............ ...
........... 1905, Var
Chesapeake Gap, 6a -------1900, J& i
58% 58%| Corani' R8’ 0
105
L ,.—
120
BOStfr ’-’ ..rl (in. 1,1 tn . . . . . . . . . S87 1 90
C
o
S
f
n
v
’
J
i
................
1919,
Var
C
o
n
s
o
l
.
G
a
a
,6
s
...^
..„
i
9
i
o
,
,j&
:
117
,
Collar.. Tr. 4% -...........’ <>1 3 . J&D
an----------------------------- 1 ..-o’ . .
109 109%
Price inrludee overdue coupons.
1f Unlisted.
§ And accrued Interest.
86
THE CHRONLCLE
October 3, 1897.J
611
N E W Y O R K S T O C K E X C H A N G E P R I C E S ( C o n t i n u e d )— A C T I V E B O N D S O C T . I
IL U X J tO A D AiTD
J tlS C B IA X J IS O C S B O W 3 S -
,
le r io a
Closing Mange (sales) in 1897! Frier — ---------------------------------tyL x. | Lowest. I Highest
Ra il r o a d an d
M is c e l l a n e o u s B o n d s .
AND FOB
Y E A R 1S9T.
m t’ si j ° j ? f y Range (sales) in 1 8 97'
Period]
H ighest
JLowest.
. 106 Feb. 110 Sept. Cools, if. A & Oh.—1st,68.1910 J A jl
Amer, Cotton OU, d e b . ,S e .1900 Q - F f 110
lil
Jan. 115% June
" 8
~ 84
1 70 Apr.
86 % Aug. Manhattan eouaol. 48....... 1990 A & O * 90%b. 91% Apr. ; 97% Aug.
Amer. Spirit Mfg., 1st, 6 g .l9 1 5 M A
82
8 4 ’s Aug. Metto. E le v a t e d .-1st, 6 g .1908,J & J: 119
74 % Jan.
116% Jan. 121 June
\.
, ...
A n n A rbor.—1st, 4s, g ....... 1095
At V ..3 .F .—New gOA 4B.199SiA A O 8o% ! 78*8 Apr.
90 Sept.
2d.6s..................................1S99IM A N| 106 a. 104% June 107% Apr.
Apr.
61 —
Sept.
AUtoStment 4 a ..~ . . . .199o N o r,
59% , 41%
— .—
t. .. M et. Internat'i—1st, 4, g.1942 ;M & s
69 Mar. i 73
Jan.
B*’wayAr7thAv.-lst-eGB.g.5s*43 J A D 120 a. 116% Jau. 120% Aug. Mich. Cent.—1st,c o n s.,78.1902 M & N 115%b. 116 M ay 119
Apr.
Brooklyn Elev. 1st, 6 g .« ..1 9 2 4 A A O * 80 b. 70 Feb. 1 - ii;; Sept
Consol., 5 s........................1902 M A X 107 b. 105% June 108 Mari
T ji f f i u E t e l.O e d .^ g .:::i9 3 7 !NI A N tS2% b. 68 Feb. 185% Sept. M lnm AStL.—l8teon.5s,g,1934:M A X 105 b. 100 Jan. 106% Sept.
Bktyn Rap. Tran*., 5 * ....1 0 4 5 ,A A O
^ 70_ May ',9 6 % Sept. M o .K .A B .—1st 5 s ,g .,g o ..1942 A & O 99 a. 88% May 10u Sept.
8o 7s
B klyn.Un.lilts, 1,t,eou.5g- 1945 -1 A- J U 3 % b . 105% Jan. 115 Aug. M. K. * Texas.—1st, 4s, g . 1990 J A D
82 Jan. j 87% Sept.
63%
2d, as, g............................. 19: 0 F A A
B’h ly n W h rf* W.H—l#t,5s.g. 45;* A A 100% i 91% Mar. ,102>4 Sept.
54% May I 6 % Sept.
93%
68 M ay I 98% Sept.
Buff. R. * P.—Gen, f . 5a. 1937 ;M A b- »9% b.j 95% Mar. 102 Aug. Mo. Pae.—1st, con., 6g.......19' 0 M A N
3d, 7a........................: ....... 1906 M & X 107 b. 98 51 ar, 110 Sept,
Canada Southern.—1st,5%10Oh J A J ; I l 0 %a. 108 Jan, 113% June
Pae. o f Mo.—1st, ex., 4g. 1938,F A A 100 %
100 Apr. l o t July
2 d ,5 s................................. 19*3 -'f f f 101 b. 104% Mar, 109 Aug.
ll.>"sb.
112%
Feb.
115%
July
2d ext 5s...................... 1938 J A J 106 b. 100 Apr. 106 S e p t
Cent, o f Ga.—1st, g., 5s. ..1 0 4* * A A
94
8 0 % Ju n e. 95 Sept.
St. L. A Ir.M t.Ark, B..5s. 193 5 J A D , 104 b, 103 Apr. 307 Aug.
Cons.. 5s. g .....................1945;M A S
1st ext., g „ 4% s........... 1 9 17 F A A 1 107 b. 104 Ju ne, 107 Sept.
Central o f N. J. —Oons.,7a, 1829 M ~ J 104 b.,106% Apr. 108% Mar.
Gen.
r .,5 i"l9 3 1 A & 0| 80%
67% 31ay | 90% S ep t
ConsoL, 7>................. ... 1902 M A N ............ 113% June 115 Mar.
113
106
May
118
Feb.
Mobile A Ohio—New 6g ...1 9 2 7 !J A D 120 b. 116% June 1 1 % Sept.
General tsortifttge, 5 g ..* 1987 J « 4
l% b. 90
General m ortgage, * ».. 1938.M A 8! 72
Leh.A W. B.,o>ri..7».ae’(1.190o| O - M 10
IO|%«>.
»0 Apr. 104% Feb.
65 Apr. ! 7 7 % Aug.
**
inortgHi<©58*19I2 M & £*■-. 83 b. 75% May 90 T&b. N a sb .C h .A S tL .—1st, 7 r . . 1913 J A J 128 b. 127% Jan. 133% Juno
A m , D ock A Imp?, 5 « .. . ,1 9 2 ! J & J 113%b. 113 Aug, 116% Feb,
C on sol, 5 g ................... ...1 9 7 8 A A 0 100%b. 08% June ,103 A ug.
O e tria lP a e U 'o .-6 o ld ,6 «-1 8 9 8 J A J 101 %b. 100 Jan. 101% June N. y.centrso—Debtext.4s.l905jM A N 104 %b. 101% Jan. 105 July
E lle n . 5 a
................. Iglie
J A J: XOO%b,99% Jan.
103*4 Jane
1st, coupon, 7s...............1903
..............................,J A J , H 7 *>, 117% Jan. ,121% A pr.
Ohes. A O hlb.—ie r .A , 0 g ,.1 9 o B A A U 116%b. 110 Jam 121% June
D eben .,5s,cou p.. 1881..1 9 0 jM & S;'109% a, 106 Mar. 112 A ug.
Mortgage, 6 g ................. 1911 A A 0 ll8 % b . 118% Jan. 122%JvUy
N, Y. A U arlem ,7s,re*.. 19001M A N 110%b. 110 May 114 Mar.
I” l l• ■S ent.)
__ : m y m a n 112
*107%
— Jan.
•is t oonsoi .”5
R.W. A O kiI., consols, 5s. 182. A A O llh % b . 117% Jan. 121% J ul y
Genera: 4% s, g .................1992 M A s| <9% , 72 Mar. 95% Aug. i W estSbore,guar,. 4 s___ 2361 J * J) 107%
105 Jan. 1 10% June
& 4 A K t , 1st eon,, 4g.i989|J A .1 100 b. 97 Jan. .104% Mar. N. Y. Ohio. A 8t. 1 ..-4 g __ 1937 A A O 104%
103% Apr. 108 Sept.
*■
2d c o o .,4 g .. 1989.3 A J
92
; 80 Jan. : 9 i June!; N.Y'. Lack. A W .—1st, §»..1 9 2 1 J & J '1 3 9 a 136 31ar, 139 Aug.
Cine. Burl. A a —Oob ,7 s .1 8 o 3 J & J l l « % b . 115 Jan. ;120% June )j Construction, 5 e.............192 , FF AA AA '113% b. 116 Sept 118% Aug.
Debenture, 5s................... 1913 M A N 104%
93 Feb, ! 105 % Hept..; N Y. S. 3 , A U .-C o n . deb. ulf ;A A U 140
132% Feu. 142 S ep t
Convertible 5*................. .190.. M A S l o t
u:*% “Mar. 110% Aug. N.Y.Out. A W .-B e l,4 » , g.1992 M A S 96
99 A ug.
b.8 % Jau.
D enver D l v S:ou 4*..........192S F * A) 97%b. 93
Feb. 9 9 Sept.
ConsoL, 1st, 5s, g ............ 193r;J A D 108 b. 108 % Feb. I l l
May
Nebraska Extension. 4S.1927 M A N 94%
87% Jan.
95% sept
N.Y.Sus.A W .let ref.,5s, g. 1037; J A J Iu7 a, 100 Jan. ;107 Sept.
H an.A eT.Jn*,—non#.6» . m i M A t> 120 a. 119
Mar. 122% July
87
Gen. 5 g .......................... 19411 F A A
68 June 90% Sept.
CblO. A E. 111.—1st,*, f. 68.1907, J A D V13 b. 114
A pr. .115 Apr.
Midland of N. J „ 6«, g . . . 1910 A A 0 116 b. 110% Apr. ,121 S ep t
C on sol 6g ......................... 1934 A A O 129 b.‘ l2 4
Apr. 128% Aug. Nor. A W. Ity.—1st, eotjH., Ig.’Oti; A A O 77 a. 67% Apr. 1 80% S ep t
General eonsuL, 1 st 5 a .. 1937 M A N 1 0 . %b. 98% Feb. lO oA S epl. No. PaolBo—1st, 00up. 8g. U)2! J A J 1 2 0
113 Jau. 122 % Sept.
Chicago * Erie.—1st, 5 g ..l9 8 2 M A N ‘ U lA ia . 108% May 112 Jan.
92% Sept.
Prior Hen, ry. A l.g .4 , g.l'.K>7 'l -J
90%
85% Jan.
J 103 b. 93 J a a . 105 J u n e
59*4
Chic. Gas L. A C .—1st,O f..1 9 3 7 J
General lien 3 g ..............2047! W F
51% Apr. I 01% S e5t.
8 0 J u ly . 83%8,-i.r. No.PaclHo T er.Co—6 g ..„ 1 9 3 8 *• A J 107
Cb. toil. A U —Kef..
.*•« 1947 J A J.
97% May 110 Mar.
Chic. M il.* 8t P .-C o n .7 s . 1905 J A J 14U b. 128 J a n . 142
Ohio A Mias.—Con»s.f„ Tb .IS uh J A J 102 %b. 102 Aug. 106 June
1st, Southwest D ir., 6* .. 1909 J A J 117 b , . i l 5 % J a » . I 2 o % June Ohio Southern—1st, 6 g . ..1 9 ; 1 J A D
90 Jam
83% Feb.
General mortgage. 4 g .,1 0 .1 M A N;' 1 1 b. . 8% Apr.
1st, So Minn, Dlv., e », ,1910 J & J, U 8 b. 1 1 5 % J u n . 120% June
18 Sept,
lst.C b A Pan,W.DIT.&S. 1921 J A J U 4 % b . 112 Jan . i 17% June OregonIrnur.Co.—I«t8 g ..l9 1 < ;J A D .lloO
184% June 108 Sept.
Chic. * Mo. Kiv.l>;e.. 5s .. 192*: J A J 111 b .jlO e % J » B . 113 Ju n e
C onsol.,5 g ......................10Sv A A U.l 11
15 Feb. [t 49 S e p t
W ise.AM n o.,D lv ,5 g .. 1921 J A J, 113 b.i 1 1 0 % J a n . 115 June
O i«.B .A A a v. O o . - l t, Og. 19o;» J A .1 112
110 Jan. 114 Apr.
Tern,lnai. o « .................... u u . J A J lia % b ,.1 1 0 % J an . 115 June
Kit. * Nav. consol., 4 g,19-ti J A D 91
80 Jan. i 91% Sept.
Gen. M .,4g., series A. . . . 1981* J A J! U>2%>>. 9 0 J an . U 0:i% June Oreg.Sh. Dine -1 s t,8 « ,g ,.1922 F A A .*116
111% Jan. 121 July
.....................
...............................
Mil.
* Nor.—lst.eon
..c» i.n J. A Di’ l H b.:118 J a a . 120 Sept.
1st. con. 5% g ,....... .........1940 J A J
86 July | 1*3% Aug.
CWc, A N. W .—C onsol.,7s. 1915 %• F 1 43 b. 140 Jut. U 7 July
Non , uunil. ! tie. A, Os... 19411! Sept.
44 July | 61 *%A ug.
Coupon, gold, 7 « ....... .. . . 1 0 0 t ; J A O H7%1> 116 Jan .
P en r. Co -4 % g ,co u p ___ 1921 J A J
109% Juu. 113% May
Sinking fu n d . Os ............. 1921 A a <> t lt % b . l i t
Jan. ! 120 Aug. Feo. Dec. A B ransy.—8 g.192- J A J
92 -May 104 Feb
blnkiugf unrt. 3s.............. 1 9 2 9 -A A u
11 1 a t o r '* Apr. i » 3 %
Evans. Division, 6 g ....... 192> •'* a o
June 106 Feb.
27% Jau.
f a k i n g fuuil,<le!>«ut..A8 1933 M a N 117
110% Jan. 4 17% July i
2d i%2Ttag«, 5 g ....... ........192 M A N
110 May
2 5 -y e s r d e b e n tu re , 6 s . . 1 9 0 9 :5 1 * N 109% 106
Jan. 110 % Nei>i, 1 Itt.L on. A L. K , l » t , 5 g.lM tolA A II
05 Jan. 109 A ug.
E xte n sion . 4*.................. 1926 F A: A *10 1 b I«1
Jau. 106 July
Pittsburg A Western—4 g. 191 J A ,1
68 June 78 S e p t
Mil. L. Sb. A W., 1st, 0g 1921 % A N 1 3 7 b.
..................
131 May ......
80 =8S ep t
Heading Co.—Gen., « . 4» . 1BW. J A J
b0% Apr.
„ E x tec. A mp.. 5g .......l»2 :i I A A l i t b.i 112 Mar.
BliiGr. Western—le t4 g .,1 9 3 9 lJ A J
70% .Mar. 83 % S e p t
C U e .B ,i,A P * e .—Ss,w up. 1917IJ A .* *l ;»t b.,12»% Jau.
82% June 69 S e p t
8h J u . A G r .I s L —2-3-4S.. 1947! J A ,J
H i i a Jan.
E xtension and eol., 4 » ... 1934 4 A J* 100
112 J an. 115% Feb.
St. L. A 8an Fr.—6g, 01, B.1B0* <-M A N
80-ye»r d e b e n tu re ,5 s ...1 9 2 1 M A rt 103 fa{ OM JitJtki
General mortgage, 6 g ..l 9 ;u , J A J
108% Jan. 116% June
C blc.St. p. M. A 0 . - « s . . . m o ! J A D 132 b. 1*2? I am [183% May
General, 5 g . ..............
193, !J A J
9413 Jan. 101% Aug.
73 Aug.
Cblc. Ter, Tran*,, rtfs, o f prop., ....... .) 40
42% July ; 47% Sept. 1 Hallroad, 4 g ................... 191" J A J
02 % Jan.
70% S ep t
Clev. t o r . A Wheel.—S s ... 1933 A A o 103 b. 98 May 103 Aug. ; 8t. to A So. VC—let, 4s, g.1 9 '1 ) M A X
59% Apr.
31% Aug.
Q .Q .C .& i .—C onsol.7g ...1 9 1 1 J A D-‘ l32 b ,;l3 0 June 134% May
15 Apr.
2d, 4s, g,,.incom e............1080 J A .),•
General, consol., fl g ___ 1034 J A J 124%b. 1 2 j% J »n .
127 \ May j 81 J*,M.AM.—D ak .E x .,0g .H *10 M A N
110% Jan. 12 2 % Jul y
., 90
cu *-*, ps. 9U% Apr* ;
GCA JkeU ..-6t.L-D lv.A ls 1990 M A N
t»3%».
123 Jan. 129 Jane
1st consoL ,6 g ............. ..1 0 8 3 ■< A J
P e o ria * E astern. 4*.. .1940; A A O :' 8 0 ».1 6,J1u
n e 81 Aug, I
"j
.......
102% Jan. 107% June
r e d u c e d t o 4 % g ..;J A J
95 Aug.
Col. A 9 t h A v e .g u .5 s ,
19937,1 A » 7 ,1 !»% » . 115% Mar. 120 July | Montana extension, 4 g . 1937 J & l>
87% Jau.
63 Aug.
C o i.ll.Val.A ToD—Oon.,5g. 1931 M * 8,1 74 b. U3
Feb.
*11..4l
i
t
.
A
A
.
P
.
—
!•
»
4
*
•
•
•
54% Jan.
88% Jan. San.Jut,A A. F.—let.4g.,gu.% 3 J & J
General. 8 e ......... ...
1904;J A Dj 32 b. 49% Feb.
96 S e p t
87 Jaa.
So. Car, A H
So,
O aa - 1st, 5 g . . . l y i . i M A N
67% Feb.
D *n r. A B to G r .-ls t,7 »A t 1900 M A Ni 1U b,jMw% May 113% Apr. So.Facilio, Arts.—0 * ,..1 9 0 9 -1 0 J A J
00 Feb. 100% Aug.
l r t o o n s o l .,4 g „ .............1936*J A Ji 89 b.i 8 7 % July
90 J lino So, PaoiHo. Cal.- 0 g . . . 1905-1 A A O 105
106 May- 109 S ep t
92% Aug.
Dui. A Iron K'ge - l s t ,3 « . 1 9 3 7 A A o 103%
9 7% Ju n e 105% Sept.
85 Feb.
1st oonsol.,gold. 5 g . . . . . 1037
D nl.So. 6 h .A i t i —8 g . 1037:J A J ” .03 & 99% Jan. 104 June 80. Paolflo, N, M.—« g .......1011
102 Jan. 107 S ep t
Edison 81.111.—1st,con.g.5fl-'05 J A J 112 b. 104% Jan. 114% June Southern—1st cons, g, 5*.19Ui
87% Alar. 95 Hept
92 S ep t
80 May
Erl*— 4, g, p rior b o n d s ....1 8 9 6 J A J, 91% ; 88% May
95% Feb.
E. T cn n .rcirg . U ea4-5».193General, 3-4, g ............... 199** J A J
71%
'
; 82
“
May
”
73% Sept.
107% Jau. 111 June
E .T . V. A G .—1 s t ? g ....l 9 0 t
Erie Ky,—1st, con., 7 g ..l9 2 t' M A S 142
139% Mur. 144% Aug.
Con. 5 g ......................... 1956
107 Jan. 112 Aug.
V z Doom consol., 8 g. 1935 A A O 131 b. 133% Jan. 136 Mar.
107% Jan. 119% A ug.
Georgia Pae. 1st 5-6*. g . ,192
73 a. 53 Jan.
F E W , A D n n .C ttf— 4-6 g. 1921 : j A D
112 Jan. 116% June
76 Sept, j K noxv. A Ohio I a t8 * ,g ..l9 2 . J A
Gal.H.ABai .An-M .AP.D.Ist,5g 51 A N 89 b. 88 May
117% Jan. 124% Jane
92% Sept.
Bloh. ADanv, oon. 8» ,g ..l 01 ;J A
Gen. E l e c t r i c . d e b . . lyy-. j * D 100
111% Jan. 116% June
90% Jan, 100% Aug . 1 W estN o.C a rlstoon .«s,g l9 1 4 J A J
Hsus. A T. C en t gen. 4 e ,g .1921 A A 0
60 June 79% Jan.
74 %*. 85% Apr.
76% S ep t Standard KopoAT.,Utdg.lW 4U F A A
JlUnolaCentral.—
1933;.M A S 101 %». 99% Jan. 103 Jan. le n n . 0 L A Ky—Ten. D .lst.fig , A A O
79 June 89% S ep t
W a te r s ton es,1st, 4s, g. 1931 ,F A A 102 u 100% Feb. 105% May
91 S ep t
Birmingham D lv .,0 g ...l9 1 7 j J A J
79 Apr.
85% Jan.
96% S ep t
Int-AGreat Nor.—lst,6*,g 1919 .M A N 119 b. 117 May 124 S ept Texas A Pacino—1st, 6 g ..2 0 ()o .I A D
33% Aug.
18
Apr.
.
1909
M
A
S
2d ,4% -5*........................
86
2 d ,Income, 5 g -----„ .. . , 2 0 o 0 ; March
88 *t Sept.
73 Jan.
97
102 Mar. 108 Feb.
Iow a OsxxfcrxaL—1wt, -----1&3S J A 1)
88 Apr, 100 Sept. T o le d o * O n io O e n t 5 * ..1 0 3 5 J A J
91
S ep t
86
%
May
Kao.C.P.A<J. -U t A c o l.g S s'2 3 A A O 78
78 s e p t 82% S ep t T o L S tL . A K a a .a —O g .,.1 9 1 0 J A D
f ln g s Go. Kiev,—ls t ,5 g ., 1925 J A J
xUl% sept. 05 Feb.
58
60 S ept U nionPaoilie—0 g ....... „ . . 1 8 9 8 J & J
44 Feb.
tl2
1
Sept
85
Jau.
Laclede Gas.—1st, 5 s ,* ... 10191 Q—F 102 %_ , 93% Jan. 103% Aug.
E x t sinking fund, 8........1899 M A 3
149% Jan. 153 Aug.
lA k e E r % A W » L -8 g ._ ...1 9 3 7 J A J 116 b. 113% Jan. 118 June
Collateral trust. 4 % .....1 9 1 8 M A N
•
98%
Aug.
103
July
Count, tr. Hi, g. n o tes...1002 F A A
L. Shore. -C on ,(m ., 1st. 7s. 1900 J A J 109% 109% Aug. 114 June
113% Jan. 119% Aug.
Consol, wrap,,2d, 7 s ,.__ 1903
A
*
I
X U
140
A
-S
K a n .P *o.-D en »D lv .,eg .1890 M A >
124%
Mar.
tt
b.. 119
Jan. 4
A W
D U
107
Jan.
Gold, 3 %a.......... .............. 1097
t
io
a
S
ep t
D,*102%b 102 % S e p t 104 June
IstoonsoL , 0 g -----, . _ „ i ; m » M A N
53% S e p t
33 Apr.
U .P .D en.AG ulI,oon.,6g.l»3H J A D
Imb.VaLTer.—1st, gu.,5*.1941 A A 0 * 1 0 7 'b . 100 'A p r . ,112 Aug.
110
May
115
S
ep t
| s»x ,A v .A F a v .F .g u .5 * ,g 1993 M A S 1 U % 4 115% Mar. ;120 July
0 . ». Leather—8. F.dett.0g. 1913 M A N
___
100______
Jan.,104% S e p t
lion# Island.—1st co n .,5 g. 1931 q - J *!17% a. 113 Jan. 119 May Virginia MliL—G en .il., as. 1036 M A N
101%
June
107%
Jan,
91 Sept, Wabash—1st, 5 g . . „ .........1030 M & N
General m o r t g a g e .!* ...193.8 J A D * 91 a. 76% Jan.
03% A pr. | 81 S e p t
2d m ortgage, 5 g .---------1 9 3 9 F A A
L ouia * » a s n .- C o n i*.7a
s .7 s ..l 8 0 8 A A O 101 b. 102 % Apr, 100% Mar.
104% Jan. 109%June
B .p . A Mobile, 1st, 6g . . . 1930 J A J ‘ l i s % b , 116 Jan. 123 June W e s t N .lt A P m - ls t , 5 g .l9 3 7 J A J
43 May
50 Feb.
“
**
2d, 6g._ I03o J A J * 1 0 0 b. 98% Jan. 107 Aug.
Gen. 2- 3- 4*, g old ............ 1943 A & 0 *
100% Jan. 109 June
general, 0 g . . . . . . „ ......... 1930 4 * D 117 b, 115% Jan. 118% May
Weat.Un.TeL.—CoL tr. 5 s .. 1938 J
t28 M ay ,140 Mar.
8 5 % Sept.
J D n lfle d ,4 g ................... 1940,J A J : 82% b. 78% J an.________
____________
Wtso. _______
Cent. Co. las os, v . . 1917 J
S ots . —■Ti*’ Indicate* price bid; “ a” price asked-, the range 1* made up from aalea.
* Latent price this w eelt
1 Trust receipts.
15% 1'riu. pd
NCW YORK STOCK EXCHANGE P R IC E S -iC n n t ln n e d ).- IN A C T IV E BONDS- OOT. 1 .
0 * u u u n r ig *
R a i l r o a d tliMtda.
( Stock Exchange Prices.)
A labam a Mid.—l» t ,g ,,g u a r .. 1828
A ton, Topeka A S an V ran T Oktieago * S t Lon.- 1 s t , 0*.1915
ASlan. A O asr.—1st, g , 5*. ..1 950
AH. A I’ ao -
?JEUUKXTiK«,
Bia
AM*
......
B a it A O h io - 1st. 8s, Park B .19 9
! 5s. g old .................................. 1925
Ck)u». m o r t, gold, 5s............ 1988
w Va. <k
g.r 5 1 9 9 0
B. A 0 .9 . W „ 1st, g „ 4 % « . . . 1990
*— *
Monon, River, l s t .g ., g. 5s.,191 s
Oent’lO h io R e o .- l s t ,4 % s .l 9 3
Ak.&Oh.Juno .—1 Btjg,6«,gn.l9J*
98%
Brook)yu Eleva ed—2d. 5 s ... 1 9 if
Seaside A B .B.—lstg.5s.nrD ,1 m 2
%
*95
Bid.
Ask,
SECURITIES.
Brunewlck A W n —1st, g., 48.1938
Buff.R.A P lttB .-K .A P . 1st,6*.1921
Rooh. A Pitta.—Con8.l8t.6e.1922
Clear. A Mah.—lst,g n .,g ,58.1943
Buff. A Suagueb.—le t, 5s, g .-1 913
*97
Burl. Ced-Rap. A No.- 1st, 58.1906
Consol, A oollat. trust, 5 s.. 1934
*97 V 106"
A St. L.—1 s t 7s, gu.-1927
...... Minn.
Oed, Rap. 1. F. A N., lst.6 s.1 9 2 0
1st, 5 s...................................1921
....... . . . . .
107
_ 80%
82
Bid.
A sk.
121
121
132"
123
102 %
108
‘ 108
101
102
4441"
THE CBK0N1CLE.
612
[VOL LXV.
VBWT >iK K STOCK KXCHA.NOE PRICES.- I N A C T I V E BO N D S—( Continued)
BEOOKrrijes,
Bid.
Ask.
BEOUHITIEB.
Bid.
Ask,
OUT. I
BEOTTBITXES.
Bid
Ask
*f>3
N.
Y . Bnsq.&WoBt.—2d,4his.19R
O Ohio—Ool. ACln.M .l6t,4%*.19S9 ........ —
E r i e — I O o n .) ~
*109% m %
20 . . . . .
Terrolnal, 1st, v. 5s ............ IP*
1 >(, oon., g „ Pd, 7 s ............
C* r t , RK. A Bank. —Col. g.Se.ISS'"
B,
*».
V
A
V
„—
1st,
7s.........
WUfe.A
East.—lst,gtd
.,g.5s.l94£
"-..a
.
16
U
38
96%
Cent, Ry. o f Ga.—
.........
■)fi ___
B ’ *! % 8 . W . — M o r t g , 6 s . . .
Northern Paoiilo—
1st, pret, Income, g., 5 s ....1 9 4 5
40 ^ 42>«
128
19
.
.
.
.
.
14
i
«
#
e
r
«
o
T
i
—
1st,
go,
g
5s
.
.
.
Bt.Paul
A
N.
F.—Gen.,
6
s
..192
16
2d, prof, Income, tr., 5 b .....1 9 4 5
.........
107
nos! A l?s,-6(.................
N orfolk A Bouth’n—1st, 5 s,g .l9 4
12 . . . . .
3d, prof, inomnc.g., 5 a ..___ 194ft
*9 h
. . . . Norfolk A West.—General, 6s. 193 "121
" o k V Fnu>! ’ ‘- ' BP o n r 'n v
3 'i u
Mao. * Nor. Dlv.. 1st, g., 5 s 1946
-..ow
L0 * . . . 105%
N.Y. A G i’ uw’d L ,—Gu.g.Ss
New R iver 1st 6s.................193' ......
...
M obile Dlv.. tat, g., 5a....... 1946 *941a ~ W
n *110
Im p. A Ext... 6s..................... 193
Evans. A T. FT.— tet, cons., 6s
Oint, o f N, J.—Oonv. deb., 6 s .1908
.......
12 .......
Col.Conn.&Ter..l st.gn.g Ss.3 922
Oant, pacific—
1st, g e n e r a l , e.. 5s ..............
2? .......
Scioto V.AN.E.—1st,gu.g.4s.1989 *84% 84%
E xt. g, 5s, series A B O D . . 1 898 lOOlg
102^
so ....... ____ Ohio A Mias.—Consol. 7 s....... x«w>
Sol, Co. Br. 1st, g., 5s..
G old os, aeries E . . . . „ . . . . . 1898 1 (0%
'103
Evans. A Indian.—1st, C€
2d consol. 7 b ..........................191
* Sab io k o a iu Br., 6 a ........ .. 1910
26 . . . . .
10 . . . . . 112
Bprlng.Dlv,—ls t 7 s — ....... 190!
Flint A P, Msro.—Mort., i
Wort, gold 5 a ..... . . . . . . . . . . . 1939 ■IPS
...»
IP *88
..... . . . . . .
Land irrbiit. 5«, K..........-.1 9 1 * 0 '9 7 100
General 5s......................
193'
86
Pt. Huron Dlv.—1st, 5 g . .
Oal. A O. D lv., ext., g. 5 s ...1918
Ohio E lver B E .- 1 s t , 5s..........193
?S
8 ____
H a. Con A Pen.—I s t g . 5s...
Gen, g .,5 s ................
,.1 8 3
West. Paolflc—Bonflfl, 6a___ 1 8 f 9 ibis"
........
1st, 1. g „ ext. g., 5 s . ..-----?0 .......
Omaha A 8t. Louis.—1st, 48..193'
*58
No. Railway (C a'.i—le t, 6S.19C7
*8*5*
1st con. g,, 5 s ___________
13 -----50-year 5e_______________ 1 9 f8
Oregon A C sllfor.—1st, 5s, g . 192'
......
Ft. W. A Rio Gr.—1st, g., 3-4i
>8 *568
Oregon ShoTt Line—
Oeat, Washington—lat. s., 6S.19S8
0 *10514 107%
Utah A North.—1st, 7s........ 1901 *117 119%
C ha», A Sav.—1st,
7 s....... .1936
Gal. Har. <v Ban Ant.—1 s t,6i
Gold, 5 s ................ . . J°9 i
*100
5 102% ........
Obes. A O.—Pur. M. fund, 6 s. 1888 161%
2d mort., 7s.........................
Craig Valley—la t , g., 5a....1 9 4 0 *97
Ga. A Ala., 1st, pref., g Ss..
Non-cuna. ine. B. and col. trust
*35
■
9 .......
W a n t 8 w . Val., la t , g. 5 s ..1941
til
Ga. Car. A Nor.—1st, gu. 5 s ,<
Penn-P.O.C.ABt.L.On.gAFess m.
Ells. L.& Big Bandy—G. 5 s .1902 lo i 'k 103
.7 . . . . .
DO
do
fierier R 1942 X U
Housatonlo—Cons, gold 5s..
C tea. O. * So. W est—l e t 6s, g .l 911
8 - — _____
Do
do
Series 0 194
v . .„
3 125
Id , 6a................................ . ..1911
Hous. A Tex. C.—Wae
Do
do Series D, 4s, 194
7 *109% ---.a
Chicago * A lton—8. F ,, 6a— 1903 H3is
1st g., 5s (lnt. gtd).
P.O.AS.L.~lst,e.,7s. . . . . . . . _.19i
t o o ls . A Mo, Elver—1st, 7s.WOO 106
2 103 108
142
Cons. g. 6s (lnt. gtd;
Pitts. Ft. W. A C.—1st, 7 s ...191
Sd, 7 s ...................................1900 '105
Illinois Central—
2d, 7 e ....... ........................1 9 1
138
St- L. .lacks. & Chio.—2d, 7S.1898
1 st, g „ 4 e ............... .
1 *107
. . . . . 140
3d, 7 8 . . . . . . ..................... ..181.
1 *
Mlss.E. Bridge—l a t ,a .f„ 6 s .l9 1 2
102% Ch.8t.L.AP.—lst,eoD.5s,g.--193' n 1 5
__
Cblo Burl. & Nor.—1st, 5 s ....1926 104
Gold 4s.
2 *104
Olev. A P.—Cons,, s. frt.. 7 s .190
m % 112%
Ohio. Rnrllug. A Q.—58, s. f,.1 9 0 1
2-10 g.,
4 99%
Gen.AFss, g., “ A” .............3 94
Iow a Div.—Sink, fa n a , 5 b. . 1919
0
Cairo B ridge--4 s„..,
Do
do
Series B 1942
......
S tu lL ig fiin d .lB ....___
Bpringf, D iv .- ...... , ___
S *101
Bt. L.V. A T. H.—1 s t, 6s., 7e. 1S9
10 3%
92
....
Middle Div.—Beg., 5s.......
10 a% « ..« t
...1 8 P
2d, guar., 7s............
•a - -.
Chicago & Iow a D lv.—5s.
O, Bt. L, A N , O.—Ten l.,7
7
.
Gd.E.AI.Ext.—lst,4ts8,G.g.3 9^
. . . . . . *— ma
102
•1 ( 0
C ilo. A Indiana Coal—la t 5i
7 ......
Alleg.Val.—Gen., gu., 4s, g.1942
..a10 2
103
Oal. MU. A 8 t ,P .- l s t , 8 B,P.I
1 ......
Gold, 5s, coupon.
N,AO!n.Bdg.,gen.£u.4h28,g.l94s
.........
13Hii ........
2d, 7 3-10B, P. D ...............
1 ...a,
Penn.RR.— 1 st real, est g. 4s.l923
140
lat, 7s, $ g., R .D ................
Ind. Deo. & W.—1st, g „ 5s..
5 * ...... 105
Cle.A Mar’ta—Ist.gu.g^ros. 1035
•
a
—a.
139*1
i n , t. * D .,7 s ...................
Ind. Ills. & Iowa.—1st, g, 4s
9 ........
D. hlv.RB.&Bdg—lBt,gu.g.4s.’ 36
; 140 ____
3 1an«s
1st, ext., g. 5 s ....................
ii T
Peoria A Pek. Union—1st, 6s . 192
140 ........ lnt. & G. N’n.—3d, 4s, g . . . .
lat, I. A D. E xtension, 7 s ..
50**
1 .....
2d m ortg., 4i*s......................192
80
9 ____ 48 Pitts, d e v e . A Tol.—1st, 6s. ..192'
le t, La C. A D av., 5 s .........
.......... 130
1st, H .& D „ 7 s................. .
Lake Erie A West.—2d g.
102 103% Pitts. A L. Er.—2 d g. 5 s ,“ A ” . 1921
.
... —
108 109
1st, H. A D .,5 s ...................
North’n Ohio—1st, gu. >
5 ------ i03
Pitts. Me. K . A Y .—1st 6s.......193
lis^i
L. 8. A M.Son,—B.AE.—N
8 *104 . . . . . . Pitts, Painsv. A F.—1st, 5 s ...191
lO&’ i. . . . a .
Det. Id, A T.—1st, 7 a ...
Pitts. Bhen.&L.E.—lstcon .58 . 194; . . . . . . . . . . .
1 1 2 *x
O. A L. 8np. Dlv.,, 5a.........
9 * 107 107% Pitts. A West.—M. 5s,g .l8 9 1 -1 9 4 )
‘ 107 ___ r_
Fargo A Bonth., 6 b, a m n ..
i 120 . . . . . . :Pitts.Y’gst’nA A .—1st, 5s,o»n,192r
106%i
110
lo o , oonv, sink, fund, fts...
4 120
Mahon’g Coal BR.—1st, 5
Rio Grande So.—1st, g., 3- 4s . l 94<
50%
1 1 0 *s
Dakota A Gt, South., 5 s ...
0*
101 % Bt. L. A. A T. H .—Term. 5 s ..1914 105 .........
LehighY..N.Y.—1st gu.g.4 %
*118
Mil. A Nor. main line—6 s ..
Lehlgli V’y Coal—1st 5s,gu.
8 96L ___
Believ. A Car:—1st, 6s.........192:
•1147t 116
Lehigh A N.Y.—1st, gu. g. 4
5 80
« ...
Chi.St.L.APad.—lst,g d .g .5 sl9 1 ' 103~ ' " " a
ElnilraC.AN.,lst.g.l 8tpf.6
4 .....
St. Louis So.—1st, gd. g. 4 s .1933 *90
B esM . A Minn.—1st, 7a..
Guar., gold, 5s...............
4 .....
do
2d incom e ,5 b. 193
... .a , — — Dltohf. Car.A West.—1st 6 s. i
Iowa Midland—1st, 8a___
6 ......
Oar. AShaw t.—1st g. 4 s___193'
"90^
"10 2
Little Book A M.—1st, 5s, g
7
S t L. A 8. F.— 2d 6s,g ., ol. A.190< 115
Win. A Bt. F.—2d, 7a...........
Long Island—
2
d, 6s, g., class C ................. 1906 115
Mil. A Mad.—lat. 6 si.........
1st, 7 s.................................
3 *104% 104%
1st, trust, gold 5s................ 198
i'08‘
ntt. 0. P. A Bt. P.—la t, 5s.
Feray, 1st, g„ 4%s............
.....
89
Ft. 8. A V .B .B g .—1st, 6 s ...193'
105 .........
"106%
northern Til.—let, 5s.........
Gold 4s.................. ............
2 ....... .
8t.L.Kan.AS.W .—1st, g.,68.1916
Mil. L, 8. AW.—Con.deb.,58.1907
N. Y . A B’way B,—1st, g. 5;
........ St. Paul City E y, con , 5s, g ... 1937
Mloh. D lv., 1st, 6s............. 1924
;
2 d mortg., Ino_______. . .
Gold 5s, g u a r . . . . . ______ , „ l a 3 7
Ashland Division—1st, fit
*1*31*
N.Y.B.AM.B.—1st oon. 5s,i
*1051* io ? % St. Paul A Duluth—1st, 5 b___1 9 3 1 110
•85
......
2d mortgage 5s___. . . ___ . . . 191 '
104%
. . . . . . ....... fiSt. Paul Minn A M.—2d M, 6s.l90- 122% L06
Extension, 4s...................
No. Shore Br.—1st eon.5s,i
........
........
Mtnneap.
Union—1st
6
s
...
192'
.....
Keoknk A Dos M.—1st, 5s.
*V 05m
Lonls.Evans.A8 t, L.—Con.5 t ___
36
Mont. Cen.—1st, guar., 6 s ..19 3’ 120
*331
Ohio. Bt. P. A Minn,—1st,6a ..
Louis. A N aah.-C ecil, Br. 7s.. 1907 .. _ , 103
1st
guar.
g.
5s..............
.
.
193
'
.
....
Bt. Pan) AS. O.—la t, 6s___
128
*13 3
E. H. A Nash.—1st 6s, g ...
........
East. Minn., 1st div. 1st 5s ISO
>07 a4
Ohio. A W. Tnd.—1st, 8. f „ 6a
102
Wi’
tr
ar&SiouxF,—ls
t
,g
,5
s
193
108
Gen. g „ 6 s.............................. 1932 118 U9*s
........ B
Ban Fran. A N. P.—1st, g ., 5s. 191 •
O ilo. A West, Mloh.—5s........ 1921
........
...
.-«•». Sav.FLAWest.—1st,
6
con, g. 6s .l 93s
o in Ham. A D.—Con. s, X., 7 b.1905
Naabv. A Decatur—1st,'
*107
« ... 8
8 aboard A Roanoke—1 st, 5s. I9 2 t
•d, gold. 4% s......................... 1937
K f., 6 s.—8 , A N. Ala. . . .
Beat.L.S,AEast.,i 8i 6s,asst.pd l 93 ,
Gin, TV A Tr’n—tst.gu . 58.0.1941 ‘ i i i " 113*
*97"
sSouthern—Ala. Cent., 1 st e s .l S l f 107
1*12%
C ity A Bub. (Balt,)—1st, g.. 5s.l 922
Pens. A A t ,- 1st, 6s, g o ld !'‘.192
100
—
Atl. A Char.—Incom e, 6 s ...I 9 0 f . . . . . . . . . . .
C lev.A *. A Col.— Fq. A 2d 6R.1930
Collat. trust, 5s, g ................ 193 ' _
Oolum. A Green.—1 st, 5 -6 s.l9 D
70
C lev.A C an.-Tr.ctfa.forlat5s.1917 *6 8
L.AN. A M.&M.—lat.g.,4% 8194!
107*
E. Tenn.V. A Ga.—Divts.os 193<
116
86
& . . C. SB t. L.—Gen., g. 4a.. 1993
Nash.Flor.&S.—1st, gu., 5 s .193' *87% __m
Rioh.A Dan.—Eq, s. f. g. t>s 19os
Cairo division, 4 s..................1939
90
Bo. A No. Ala., oon, gu. g „ 5s.l93t •93
Deben. 5s, sta m p ed .........192'
Spring. ACol.Dlv.—lst,g. 4s. 1940
102 i ’l‘6 "
Kentucky Central—4s, g . 198(
89
Viria Mid.—Serial ser.A , 6s . 190i
WhlteW. V a l.D iv .-ls t,g . 4s. 1940 -a —
L .A N .—Loa.C.AL.—g.4%G.193]
Series B, 6s . „ . . .................. 191
Cin.Wab.&M.Div.—1st,g.4s.1901
"H 9H Lon. Aden. BdgeOo.—Gu.g,4s 194f
Series C, 6s . . . .............
195 (
O n . I. Bt. L. A n.—lst,g .,4s.l 936 1 0 0
Louisville Ry—1st, oon..g.,5s.l93<
Series
D , 4-3s . . „ ....... "192
C o n so l. 6a............................... 1920
. . . . . . Memphis A C harl.-b's, g o ld ..l9 2 v
Series E , 5 8 ............
"*1926
ri-n.8aD.ACl.—r o n .lst,g .5 s, 1928 107
Mexican Cent. Consol.—4s, g,191i
Series F, 5s......... . . . . . !
Iy3)
Indiana B. A W .—1st pf.7s.190f *10.5 —
1st, cons, incom e 3s, g........ 193V
Gen.,
5s,
guar.,
stamped
.1936 103 103>s
Ohio tjjd.&W.—le tp re f. 5 s ..l9 3 f
Mexican N a tio n a '-ls t, g „6 s .l9 2 *
Wash.O.AW,—lsto
u
r
.g
a
.
4
s
192,
■
*
”
2(T
Peor. A East,—Incom e 4s ..1990
2d, income, 6s, “ A ” .............. 1911
««. 8
Sunbury A Lewis.- 1 s t , g., 4s. 1936
O. Col Cin. A Ind.—1st, 7a,B.f.l89t •ioe 108
2d, Income, 6s, “ B ” . .
191
.
...
T
Ter.
As
n
o
f
St.
L.—1st,
4
-H
js
.
195
: 108 112
Oouaol, sink, fund, 7a......... 1914
Miohlgan Central
Oln.Afpr.—lst,C .O .O .A I.7s.l9oi
J?*? IS” - %
189a-194y 106 107b}
s '1. ....................
1909
St.L.Mer.Br
Term.,g.
68
,g
u
..i
9
-s
Oleve, Lorain A WU.—lat, fts.193: io T •a . ..
Coupon, 5s...............
lo a . n ¥ o
«I* T
Texas A New Orleans—lst.7s. 190
Oleve A Mah. V .—Gold. 5 a ...l9 3 e
Mortgage 4 b........................ " l » 4( '1(>6
SaDme Division, 1st. 6s . . 191
C ol. Mid. lat, g.. 6a, asstei___1936
64,
"e'e."
Bat.i &Btrgjs.-lst,3s,g.gu..l98fi
Consol. 5s, g .
.
“ 194
Tr. otfs., con., 4a................... 1940
93
3 Inn.A i t. L.—1 st. g, 7 s . . . . . . 1921 140
TTT7
t
O.—1st, g. 6S.190:
D el. 1 ai 8. A W .—
Tows 1 xrenaion, 1st, 7s.......190s •125% 30
T
Third Avenue (N.Y).—1 st fis l i v - *105*y 123
Mort. 7s.................................. 1907
Southwest Ext.—1st, 78.
191 C
. . . . . T .A O .a -K a n .& M . Mort 4s 199- r _
Byra. Bing. A N. Y,—1st, 7s,190f
81
PacltlP 35xt — 1 st, 6 s ............ 1921 118%
T
Tol. Peo. A weat.—1st, g ., 4s r 91 ?
Morris A Base*—1st, 7 b ___1914
71
73
Mo.K.A Tex.—1st, ext., 5s, e 1944
L ister A Del.—lst,oon .;6 .,58 . 192
Bonds, 7 s..... .......................1900
a ....
100%
103
M
o.K.AT.ofTex.lst,gtt.5s.g,194
2
m
82
0
Union Pacido—1 s t, 6s . . . . . . . ig p *101
7" o f 1871...........
1901 1 1 6 '
Kansas Otty A P „ ls t ,4 s ,g ..l9 9 ( *66
75
1st. o o n „ guar.. 7 s . . . ........1915
I Jl*
....... .................. . . ! ! ! ! 189
.45
___ _
Dal. A W aoo—1st 5s, gu. , X94f
80
S3 | 1 st, 6s .s ..a,
1 jjQi 101
Warren -2 d , 7s ..................... IfHX- i i o
02
Missouri Paoidc—Trust 58...1917
72
Collateral Trust, 6s” ”........ ' 190' 102
D .A B .ran .—Pa,Div..ooap.7».1917
1st ooll., 5s, g..._______
1920
*
’"**’•
70
72
Collateral Trust, 58 . " “ ' 'l o o
Albany ABuaq —l«t,gn.,78,190(j 1*25*
'SO
A Ohio—1st ext., 6 s .!!l9 2 ' *114
' st, cons., gnar,, 6 s .. . . . . 3900 1188 19
Bt I „ A Cairo—4s, guar____1937 *fc3
•111
1
- “-miv
Bern. A Bar. 1st, 30vp.,7s.3 92j 146
.....
113
Morgan’s La. A T . - l st, 6S....192H 1 6
]
U»
Br.
u
P
'—
jP, <
j, 73. ----- 18y>
1
qq
Deny; Tramway—Cons. 6a, g.1910
17 1
1 st, 78...
50
125%
MetTonol. Ry.—l»t,g a. g .6 s .l9 n ..-a .
a * ? ? i , r ? e'~ let't*<5a!! ! 190*
33
NaRh. Chat. A Bt. L .- 2 d ! 8S*!l903
40
O. F <Xiiii. ife
1 st ,
1 qi •.
Detiv. A R. G.—Ttnt) g., 5 s ...1 928
87is
32
a..-, W
D«t.M . & W.—L. g. I 8,eer.A.1911
Wabash—Debenture, Ser A l » i :
2 0 % n Y i c m - 1’1
’- 1- 8- '68- 1915
-.a--x«
Dot. A Mack.—1st.lien, 4«,g ..l9 9 ft
Debenture, Series B . . . ! " m i a
Bsl). g. 4s ...............................1905 *104 .
23% 30
Det. A Chic, Ext. 1st, 5s, g 194
*« v o id ...................................1995
J, Juno—i uar, 1st, 4s . "198b 1U4
98
Brte—
w ™ r N V x * 5 ~ Sr*'a 6 d Se^ ' l » 0
Beeob Oreek^lst, jirold, 4s.'.1936
108% W
1st, ext. g. 4s ........................ 1947 1 1 2
West ICY,A Pa.—Income as 1943 1 0 8
12
14
g-.ght. 1915 -a -... ..... w
20, extended, 5s ................ ..1 9 1 9 H 7ts : 2 0
Va. O. A Pitts.—1st. 6s 101
Uttoa A Bl. R ] y .- 4«, Kj> grr.1922 •106 108% West.
W h eei.A L .E .-lst. g8j
8<t -..
4%#,........
1928 1 1 2M
N, Y, tfe P u t—I s t g ,. is . irn
92
M l, extended, 5s.— ........ .. (92
Wheeling Div,, 1st, 5s, g ,..1 9 2 8
120
....
;
N. H. A H .- l s t . reg 4s 1909
____r
75
5th. •wended, 4s............... tooQ 304 1 04% N.. Y.
Extension AXmp, g,, 5s
10 r
V. A Northern—1st. g. 5A
118 122% Wis.
W
Cent. In com e5 C
“ ' , 9H7 *7-2% — •mm
*•5
’ No prloe Frldayt these are the latest quotations made this week. F o r WlecsS,
a o n d s - S e e 3d page preceding.
THE CHRONICLE.
OCTOBER 2, 189?,]
R
J m u estm m f
o ads.
6155
Latest Gross Earnings.
Week o r Mo
AJSTD
1897.
1896.
$
Jan. 1 to Latest D a i*.
1897.
1896.
*
8
1,164,071 1,259,186
23,642,
31,238
185,490
192,556
360,124;
325,235
3,305,515 3,069,233
807,543!
776,030
220,: 77;
173,878
158,629;
72,442
1,529,903
509,248
364,312
2 7,604
279.658’
274.898
41.552
87,997
2,449.068 2,44 ,555
234,910,
261,807
Iow a C entral...i3dw kS ept.
37,910
32,938
Iron R a ilw a y ... lAuguac.
3,392
3,197,
Jack. T .& K. W. Ju ly ___
2 ,179
22,329
KanawhaAsMieh Srtwk Sept,
7,684
7.162
K.C,F.SeottAM . 3d wk Sept.
95,209
80,185;
K-C.Mem & B ir. 3d wk Sept.
20,853
25.262
Kan. ('. 5", ’.V— A ugu st___
31,677
25,78.;;
5,140
3.186
T h e f o l l o w i n g t a b le s h o w s t h e g r o s s e a r n in g s o f e v e r y Kan.City A O rn.3dw k Sept.
K.
O. Pitts. 1 ( ? . !Mwk Sept
61,49$
17,460
s t e a m r a ilr o a d fr o m w h ic h r e g u la r w e e k ly o r m o n t h l y r e tu r n s
Kan-C,Sab. Belt 3 ii w k -o p t
14,215
6,141
c a n b e o b t a in e d . T h e fir s t t w o c o l u m n s o f fig u r e s g i v e th e Keokuk <&W8st.;2«lwk Seii!.
9.668
7.698
3,536
g r o s s e a r n in g s f o r t h e l a t e s t w e e k o r m o n t h , a n d th e la st t w o L. Erie A ll A: So. A u g u st.. ..
3.716
7 4 ,-7 7
6 4 / 11'
o o iu m n s t h e e a r n in g s f o r t h e p e r io d f r o m J a n u a r y 1 t o a n d L. Erie * West, :;dwk Sept.
Lehigh A H u d., August.....
34,186!
34,285
in c l u d i n g s u c h la te s t w e e k o r m o n t h .
A'ii Vul. R R . All.;:. . t __ 2,011,174 1,827,S40!
The returns o f the street railways are brought together sep- Leh. V .C*<al '<>. A u g u st... . 1,581,035 1,186,00*
Lex'gtoixfeEast.
J u lv ..........
17.3sS
10.715
3 21.527
arj. .y on a subsequent page.
124,554
Long Isla n d . . . . A u g u st.... 526,094 509,601 2,694.604 2,688.513
Los
Aug.
T
erm
..A
ugust___
18.3'
9
61,477
9,420
62,635
L a tes t G ross E a r n in g s .
Jan. 1 to Latest Date.
LoulS.Ev.*St.L 130w » Sept33,307
33,94 ! 1,025,375 1,104,500
R oads.
Loo. B . A St. L.. :i,|wk Sejrt.
13,969
813,932
.900
33<>,0 7
Week o r M e 1897.
1897.
1890,
1896.
Louise.A?' askv. 3tlwk Sept. 433,900: 411,540 14,041,403 14,153,587
M a c o n * R lrm .. August___
4,763
4,815;
37,4 36
I
36,795
S
8
S
I
9
M anistlaue....... •'A ugust ...
10.061
1 3 ,8 1 1
8 ,258!
A dirondack....... J o ly ............1
93,479
19,OSS
17,851
115.353’
107,880 MemphlsACLui*
2,1
wk
S
e
p
t
28,e
;
7
24,778
922,59!)
832,459
SO, HO.
33,35 s 1,112,901 1,018,189
At*. Ot. South.. .34 wk ScpL>
exieaoG en f..i dwkSept. 180,626 189,2.43 9,119.679 7.13k, 361
Ala. M idland .. . Ju ly..........
58,8 2 »
16,773
391,06?
350,907 !M
M exican IntarT/.I u b ..........
2-10.045 233.401 1,782 ,81 1 1,091.017
Ala. S, O .T ex.A Pae. Ju ne.1
;H ex. National, hdwkSept.
99,793 l o i / o i | 4,2 17,)i31 3,50«,892
23.000
20,000
» . Orl. K S . K- lw w k Sept-!
842,989
835,018 Mex.
Northern.<July
29,.;(4
336.3 8
00,634
11.000
Ala. .v Vies si-. let k Sept
478,507
1 .
373,390.
311*950
IMoxioan R 'w u y jw k ' e p tV l
80,415
70,919 : 2,027,907 2,132,593
8,000
Vickft.Sh. A P IslWk Sep!
8,000
340.504
“ 1
Uawlnan da
>.'*.«
I -.
14,416
409,191
7.101!
A llegheny V ai.. August___! 217,674 212,830 1,587,490 1,568,734 M ® r i » n 8 p .....(2dw ks.,pt.
375,516
47,271
40,194 ' 1,428.200 ',370 ,600
Ann A m o r ........ 3d w t Sept
22,69 i 21,813
912.136
838,545
94,8441
82.016 2,490,567 2.519,213
7,068
52,436
49,609
3dwk bepi.
A rk. M idland... J u ly .......... ;
- ......
KAn.. A
A tca .T .A 8 ,K A « A u g u st.... 3,214,.8112,076,161 20,242.s72 lS .0 3 3 .lil Mo,
„
. Tt-c. jdwkSept. 27,8,900 263,444 7. >57,455 7,789.919
Atlanta A Char. J u n e ........
120.995
102,069
SO. ,930
990 3 i o 1 S*o-P*e.Aln*liM d w k bcpt. 514.000 403.0 l i10,395, (MX 15.173,818
23,00
773.00
12.00Atlanta & W , P.lJ u l y .........
40,525
36.413
301.5.5s
2 7 9 4 3 0 i Centra! Br oh. 3d wit sept
512,863
537.00-': 4 1 5 ,0 0 - l7,10SOo< 10,680,681
Total............ 3d wk Sept.
Atlau,
. ; i w k 12. 2 .1
I M V -'
3- 1. ' . : '
5,527
0,644
198.48
181,813
Austin A N ’ west J u ly ..........
8.8«*.
20.984
9 t ,t s 5
141.502 ! M ob ile * B irin ..;istw kS ept
311,806 279.137 2 ,4 -8,2 80 2,272.628
B*lt- St Ohio........August.. . . 2,70>,003;2,398,356 ia,5 4?',i2 9 13,009*275 Mobile * O h io..; A ugust
797,834
114.724
90,961
065,389
Bai. A O -S o u ’ w .d d w k S e p t. 137.580) 118,341 4, (8 0 .1SO 4,381,501 ■MOUt.A M et.Git j
Bath A Haiu’ nds July
490.718 401,020 3,521, 96 3,258,585
2,169.
1,057;
12,350
12.318 Nueh.CfuA St. L.J August
1 4.9 4 4
87,251
Bir. A A tlantic. :A ugust. . . .
i,» 7 » :
2,110
13.892
13,955 S e t A Ft. SU’p’a jJulj . ..
Brutiaw'kAWeat J u ly ..........
3,987
47,i>30
50.938
2,087
14,990
52,504
321.711 352,310 Nevada Central. June ...
S
.Y
.C
.&
H
.
a
..
A
u
g
u
st
39,118,316
4,272.133
3,815,9
>9
B a d .(inoh.it.Pm 3d WkBent.
28,437,072
77.2891 66.293;
S,370,087|2,3 1.922 |.. „ _ . .
■id Wk Sept
74 326
B a d U o A B u m . A u gu st ...
70,250 2,780,472 2,741,734
59,240
49,651
3 «,8 0 s
321,734 S ’ i
105,63:
180,129 1,402,519 1,110,862
8 7 .U 3 2,863,03s 3 ,048^ 9 1 )
A VV AUlUst ...
Bur.U. Rap. A S' 3 d * < Sept. 103,686
3dwkSc.pt. 229,002 190,411 7,711,013 7,996,029
OauadtauPacific 3 d wkS«,.t. 539,00.-' 425,0»«J 1 5 , '1 1 1 1 4 ,1 1 9 ,7 1 2 !
3.7 44
1,075
27,87,Oar. M idland... A ugust__
28,921
3,998;
5,022
33,035
34,875 ! ‘' " " t e a n < g * J . June . . . . . .
45,870
C e n t o f Oeunclft.Bdwk s«pt. 120,658 1.12,495
42.717
3,4.52,489'3.5032117 INwrtheela (8.& I M ay..........
Nortli'n
Central
4,209.18V.
Oeotrat
o
f
R
.
J
.
August
835,098
August___
510.390
3,905,1
$8
_
, „
---------------- 1,274.7<H 1.183.19.'. s;oii>,730 8.1.5,114
O rawai Pacttle. Ju ly .......... 1,400, 78 1,108,64s 7,-216.04 ! 0,72 *.610 North’s Pacllto 31 w* Sept. 000,178 411,42 > 12,U57,-s50 12,057,382
Oconee A West, J u n e .........
2.834
1 ,1 3 s
2,(405
O h a r le s P r u fta a v . J u i } - . - . , - .
3 0 ,8 6 0
3 2 ,8 7 5
3 8 9 ,4 9 ?
3 5 6 .8 2 9
16 70 7
Ohio R iver......... 3dwk Sept,
6 0 8 .0 .
38,935
............
Char, A W. Gar M ay..........1 50,29.
26,>-'6
24,102
704,594
13,238
115,788
115,743
13,428
Cbea. A Ohio .
1wk Bept. 220,031 201,081 7JI31.142 7,322.210 Ohio B iv.A Ohas A u g u s t .
45.002
403,899
55.53491,511
SM®■ !3ri54.013.:3,llA 2S 7 f2 3 ,8 3 8 ,9 1 9 ‘2t,459,7S5 Ohio Southern A u g u st..
Om.
Kan.
0
.
A
E.
16.046
12,445
249,60!)
220.9*8
J lw k S e p t
OhlA A W t , 111. Kdwksept.
93,677
8 » ,7 « l- 2,727,2:<7 2,7 .8,8 00
380.382 290,19 - 1,988,979 1,877,436
O h la OL West n 34 wk Kept
114,842
91.924 3,515,75s 3,3 43,365 Oregon Imp. Clu. J u ly ..........
Orwg.KlLASav A u gu st...
Chic. tnd. A L . iklwksept,.
71,154
58.404
508,070 314,170 2,>*75,093 2,651,303
559,342 *09.138 3,266,347 3,o47,770
OhlA MIL A 8t, P. rJdark Sept
720,431 642,794' »l,424,000>21,«<;i,25i O reg.B A L ine.. J u ly .........
CVtA AN ’ thw’
331.1 IT 328.540 2, *60,297 2.010.959
“ "n.A u g u s t , . . . 3,126.123 2,750.713 20,4' 6,9 »5 21,099,112 Pacmo M ail..... A ligust. . .
C lili'-P f.i.A H tl. A o g a a t...
• 65,230
78,570
516,002
595,585 p.umsyivaam.; A u g u st... 5,8*8.961 5,320.76! 40,928 931 40 881,631
047.70.
15.951
17,151
614.814
S ! ° ' £ t 'V u I
A u g u st.... 1,783.765 1,4.(7,955 L0.07-.7S1 9,8472103 PeonaO»e,AKv 34 w» Sept391 7 24
3 >.576
W A t t P-M-AO.; AUgaat___ 7-49, -.55 679,631 4,653,536 4,704J)40 Petersburg..___ A u g u st...
36 604!
380,924
PhUA
A
E
rie...
Chlc.Ter.Tr.Kli. August
2,256.44. 2.282 651
391.338 304.77
67,808
J u ly .........
Phlitt. A Read.. A u g u st,,. 1,838,538:1,787 019 13,232.390 13 856,637
Cans. A w
Mich.
.1,1
wkSsept.
.... js
.vu. J
'.,,3
PU
83.435
35,941
Coal A I r .c o ,. A u gu st... 3.128 096 1 593 222 13,209.505 13 997.420
102,557
Choc. Ok. A Gttl 1; J u ly ..........
65.010
584,406
558,752
Toi* both Co's A u g u st... 4 016.0 -4 3,380 M l 26,501 893 27,354,057
Ola.Oa. * Porte. March.......
4.156
4,721:
12,049
13,580
403,162
Ota- mo. A T. P. A u g u st... . 301,707 285,500: 2,336,545 2,104,627
59 141:
69,407
447,998
August. -O O T .C an.A 8o :id wk Kept.
l t ,* 9 4
J u ly .. . . . .
748,978 815,778
434,528; : r * ' u ! 1
13,389
0ClACh-ASt-L 3d wk Sept. 284.735
August .. 1,3)2.491 1,189,935 9,349.727 9,098,833
259,213 9,009,790
Pee. A b u d ’ s . 2dwk ssepts
40.082
27.9 ,0
3.846
A u g u st...
27.895
2.404
34,881
970 g if, ?' PittA.Bos.t&JL.L. A u g u st...
OLLor. A Wheel :3d wk Sept. • 3 0 ,0 2 s
66,946
385.99 •
59 n32
438.271
23,107
807.841,
001^Xflend
A u g u st....: 187,802
29,847 1,175,30 i 1,253,710
37,002
130,849 1,116,307 1 ‘J4-*•**1hi; ■: Pitteb- dt Wee'll Jdw kScpt.
OoL H. V. A Tol. August.
147,452 198J5S7 1,418J>38
603,803
11,702
3<Jwk Sept,
20,171
502,080
OolAKe.1 Mount J u ly ........
GJtSl
244 639
7.318
8.354
275,137
3dwk Sept.
71,836
Total system. 3ilwk sept.
O il. Band’ T A U. J wk* June
46,964
48.867 2,023.800 2.090,957
65,587
49,828
34*,874,
312,909
909.DU5
132,125
2,HKi
Onlo*a A L ake.. A u g u st.. . .
9 8 i.784
173.321
3,000
13,3 >5
10,091 Pitt, Y o u n g .* A. A ugu st___
430 3 4
55.820
57 977
442,509
S 7 * S t i T ••— 'J u n e ........j
1.215
1 ,0 ,4
5,050:
0,241 Rtch-Fr'ksb AP. Ju ly ..........
81.985
ttim h l’ d Valley J u ly ..........
229,924
Rich,
A
Petersb
235,651
25,t/29
24,562
A
u
g
u
s
t,..,
422.210;
72.M 3
403,116
B e u v .A Rio Ot. 3d wk Sept. 163.600 142.60*' 5,052,967; 5,143,410 Rio Or, Bovith’ n -rtwkSept.
200 96 i
9.300
330.928
0 881
40.300 1.945,592 1,67 .908
60,1400
4 ,2 4 8
2 ,5 0 0
'1 0 0 ,0 3 3
2.506
70,323 Klo Or'do West 3d wk Sept.
704.049
17.000
24.900
*68,558
4 0 .1' 2 9
3 2 ,4 3 3
2 0 8 ,5 8 2
82,433
2S2.5O0 S L jo s.A O r . i. 3dw k8opt,
8C.L. Ch.'.A St; P. J u ly ..........
2 0 ,4 5 0
.104,803
102 440
25.730
22,059
23.512
30,37B LL.K ea'etA»o. August. . . .
9 ,3 6 2'
3,483
5,265
D ot.A Mackinac J u ly ..........
38,626
4,01
6,19St.
L
ASaa
Fran.
3,923.121
015.390
34,566
302.91V
August
..
.
615.306
292,968
0aiUtll8.a.AAtL 3dwk 8«pt.
35,024
. .
35.287 1.1.10.460 1,495,805 SLL. Southwest 3d wk Sept. 1 18,9o0 lot},: 00 3,073,206 3,163 217
B iginJol.*E aat. A u g u st...
" "
8 9 315
897 126
137.343 139 460
97,700
114,15 4
753.196
868,872 S t Paul A Out. August.
Km
930,0 0
) 35.075 120, 80 1,043,0.;8
. 3,181,701'A6o7,0(i8 20,92-,704120,0517202 I Jan Ant. t A P . Jftly..........
491
976
605.031
76,576
S aw IttS prlB W , jj u if ,»*.,**.
7,111:
35 882 ;
A J» ,P, *Au^cttsii.. . .
83 318
--------- , rit*
— gJdwkaept.
49.301
21 >.457 iI <*.Fe
A Ke PIMA*
pros. A Ph
i’ ll July ....
01,161
,'dwkm.pt.
5,480
0.381
197,239
215.457
0,581
197.239
* ’ » “ «• « R ich.. J.lwk Aug.
1,990,160
1*3*ml
234.521
..........
73.551
Sav.
Fla.*W
ee;
j
u
j
y
255.464
2,451’
.41.713
M 0 0 ,9 8 i
M rnasr.SsT. II. ;|.i wk 9. pt.
21.736!
59,004
08,271
770,802 Beab’d & R ’nke. July .......
20.238!
7 0 h, 2 . «
FttBhburg.......... J u ly ............ 620,804! 010,481 3,900.772; 4,i32;408 Hhor.8hrev.ABO. 3d wk Sept.
1 ' i ' 402
170 567
6,000
7.818
1 :. mi.
S g*&
Marfj,13d wk Sept.
124 000
57,443;
115,407
14,908
46,05 i 1,939,058 t,8s8,910 8il.Hpre.O. A G . July .......
Fta-Cent, A Pen. 3<1wk - p t .
8,307
40.730
..........
S
ilveroon
6.000
August — I
34,888 1,742,522 1.554,123
■’
tti.'H th A U eo.c. 9 «w k se p t,
10.963
10,806
20.74 4
4,481
3,272
224*10.;
700,263:
007,051 9o.H aveoA.E»sl A ugust. ...I
Ft, W. A Rio ifr. :tdwk S ept
9.608!
8o. Pacltlc Oo.
7,880
210,322
200.409
O s d s , A A t t . 0 . A y g t is t
627
Gal.Har.Jt 8.A J id y ........... 340.702 351.570 2,491,554 2,737,525
0471
6,730
7,209
Georgia U K.......:idw k.8«pt
493,683
559 ( 33
59,453
40.047.
L ou is'* West Ju ly.............; 76.587
86 .7M 1,040,960 1,005,757
Georgia * A la..'3<lw k8ept.
27,411
5torg*n'*l,AT J u ly .............! 409.800 329,78 : 2.90 >,137 2 ,0 30,012
25,086:
730,101
802,741
Ga. C arla ,» N o,ijttiy . ;
HO 526
15,008
161,048
N .Y .T .A M cx J u ly .............! 24.344
58,207'
5 7 ,-:u
494.731
420,635
Geo Bo. * F la.. A a iu a t ... .
740.042
879.-33
7 .,4 3 0 :
T ex. A N . Orl. Ju ly.............: 136.674 107.OiH
74.104
553,079
679,908
Gr, Rap, A 11:4..; .id w « Hen?
6,784,418
7
055.202
42.500
872,056
AH. P rcp'tcs.f, J u ly ..........
983 70
3 3 ,0 1 - 1,379.705 1,431,440
13o. R, A F tW . 34 wk Sept,
7,814:
PaoMo system J uly..........3 299,587 2,703,401 18.140,37t> 17,489 467
2 9 -).208
7,108
284.323
Traverse City. !»<lwk8«nt
9391
Total of ail./ July.......... 4.522 208 3.817,628 26,9(1.830 26 .0:3.564
779
27,709
35,100
R A l piw gS ep t
2e'**5i
So. Pac. of C al/J uly ......... 993 000 833,551 5.493.161 5.041 339
01,350
2,2301
81,322
T ot. all Hoes 3dw k sept.
53.630
So.Pao.ofArtt. Ju ly.
170.034 147,051 1. 429 840 1 315,794
43,165 1,773,119 1,853,161
Gr.Tr a * 8y st’ in 3dw k Soot. 5 4 0 3 1 4 51 ..205,10,0 43,502 ir>,8>i2,335
603 250
782.17*
t.i.27
91,315
So. Pao.ofN. St.! J u ly ..........
OaJ«5, & (it* T t . ;.;m ^ seiii,
63,143
Northern R y., J u ly ..........
220.496 203.260 1.-84.416 1,163 185
57,7)3 J 2.172.1 M. 2.2?.-.lo g
Itefc.fii\H-tk M.; M wfe n4>t.
21,140!
702,81 l
18,908.
671,291 Southern R r . . . . 3.1wkSept. 420,780 399 463 13,510,947 12,8.12.004
Mac!3 <XWk 8#*pt.
36U.4S4
228.000
40.e00
2,5.55
5 3 .4 10
91,716 Hpok.F'lsANor ’.Inly....... .
2,180
81,300
T ol,». >k M m k . •Mwic Sept-'
20,785
17 311
2,026
0,326
7,498
56,393 8wnyCl.AC.Mt. J u ly .......... .
7 5 ,8 .7 :
8.018;
&TQm%
833.S0
404.815
79.232
Summit Branch. .May..........
66,319
St. P. at. :fe H
370.627
3-0.64 9
1,451,031 1,368,370 9.026,61: 0,008,340
6(1,881
67,049
Lyfc. Val. ( oal. M ay.......... ;
o f M lSft.
1,182,008
1.44.310 174.710
98 9,-7 4 1,092,218
T o t'lh oth C o's August ...{ 141,707 117.958 1,088,81
AoiniHt,. . .
161.514
10.176
17I.63K 107,187 1,299,223 1,285,419 Texas C entral.. 2*1w k S ept.:
152,283
7,348
T o i njAtMiu Aug ust..,.. 1,777.585 1,710,297 11,315,741.' 11,385.983 Texas A Pacific. 3d wk Sept, 155,168 145,173 4,501,328 4,141.822
Q n m 'm m & K J: A uM m t,... ■ 12.150
13,190
2,504
12.620
8,0*5
2 ,0 -5
82,793
57,107 Tex. 8 .V.A N W. M ay.......... i
# a i...f
C tim
m1, . A. a%
..BriiiT
. m t—
0 .705i
3 -447
3\-t73
25.00 i
27,334
24,451 Tol.AOhloClent. 36 wk Sept.
Mooe.Ttm.St W il.A '-c-ist
: > / , 4*$oo
688.913
21,135
644 487
22,159
35,454
35,772 Tol. P. & W est.. SdwkScpt.
H oaa.A T et.tj9n J u lv .......... 208,929 202,036’ 1,533,791
41,533 4,589,082 1,486,492
I O1 1.511,800
AjOWW Tol..HL L. A K.C. SdwkSept,
46,279
intaolk Ceotnalt .A ugust___12182091 11650868
1*806115 113663535 Union P a d tic— !
In d .U eo.A W eat’r-i'wks.Aag.
33,296
26,620
Union P .R R .. J u ly .......... 1,397.204 1,248,2-4 8,120,519 7,409,344
I n A l l l . A i s w a Jtilv . . . . .
61,935
54,318
773,000
12,000
512,803
23.000
448,007
456,280
Oent. Branch a IWwkSept,
ln.AGt'.Nonll'n:,')dwkHcj>t.
95,900 102/800 2,317,513 2,108,709
Aoh.CoL* P. 1 j n;..
171,084
254,600
25,442
44,897
HBteroc. (M ex.tiW k8ept.il
50,500
61J81Q1 1JMM.783' 1,576,517
Ach.J.C.A W < JuIy ..........
f t a t lr a a d in te llig e n c e .
RAILROAD
EARNINGS.
r S ? sssaaswi
8 S .M 5 r e ? .!lS »
THE CHRONICLE.
6 14
L a t e s t G r o ss E a r n i n g s .
RoaxjS.
W eek o r M o
1897.
1896.
J a n . 1 to M e e t D a te.
8
$
Dn.Pao.—(Con.)
$
$
570,494
400.258
91,804
60,934
Cen.Br.Al/dl July.........
Grhl total. S July......... 1,642,418 1,427,515 9,643,905 8,558,101
73,991
59,289 2,277,497 2,031,342
Un.P.Pen.&G. _fl\vk Se.pl
30 8,67 5,ion
271,1 9 s 239,6 >7
rtwk 8et»1
Wabafcb..........
H 8.240
13,944
111,227
1 •.708
Waco A*Norths fitly.. . . . .
425.314 1,805,943 1,874.335
AllKUSt. . .
444,641
W.J e m v
472,875
98,155
455,772
98,247
W.V.Ceii A Pit! M a y ......
191,837
35,087
33.587
185,353
We.tttVn.A Pitth June. . . . .
298,047
4*2,138
342,791
40,800
Western of Ala July.. . . . . .
69,700 2,065,965 2,159,134
71,100
W'est. N.Y: Sc Pa 3dwk Sept
960,385
701,402
25,744
22.215
Wheel. «fc L, Eri. 3dwk Sept.
40,513
40,677
Wll. Col. A A uk M a y ........
112,315
8 519 3,138,694 3,129,627
Wisconsin Cent. tl wk Sept
44,768
5,045
38,935
5,826
WriKlitsv.ATet-. June____
35,947
36,244
5,187
5,572
York Southern J u ly ......
4 * Figures given do nof lnolndo Oregon Ry. A- Nav., Un. Pao. Danver*
Gulf, Denver I.mil-vine & Gunnison, Momana I'niou and Leavenworth
Topeka A MmtliM astern, o Tin*** iignre* include renuitson leased lines.
b lm ltuU-s earnings from ferries, etc., not given separately, t Mexi
can cnrreney. e lm-linles only half of lines in which Union Pacific has
a Jiolf intei cat.
<l Includes operations of the Ohio. Burlington & Northern in both
years,
6 Covers results of lines directly operated east ot Pittsburg,
I Chesapeake Oluo & go’westcrn included, beginning with July, and
Ohio Valit t . beginning with August, but both roads for this year only.
e figures from July X include results on A. T. & S. Fe, Gulf Col. &
8. Fe. S. Fe J'ucitle mid Atlantic & Paeitie) and So. Cal. Ry. Results
on Sonum By. and New Mexico & Arizona Ry., formerly included, are
«secluded alter July 1.
«f latest t»i oss Earnings by Weeks.—The latest weekly earn
ings in the foregoing are separately summed up as follows:
For tlie ‘ bird week of September our preliminary statement
covers 76 roads, and shows 14‘73 per cent increase in the
aggregate over the same week last year.
Z .3 d w e e k o f S ep te m b er .
Alabama Gt„ Southern...
Ann Arbor.........................
Atlantic & Danville.......
Balt. & Oluosouthweet..
Bntlaio Booh. & f Itcsb’g
BnrL Ced. Ran. Si North.
Cei tial of Geomat.........
OMi-ann 4 Baal. Illinois,
Chic. Great Western.......
Chic. iiidisnsp.A- I-ouisv.
Chicago Milw. & St. Paul
O'iiosko* Wesi Michigan
Clev-Canton &South’ n..
0 ev, CJii. Chic. A 8t. L.
Olev. Loratn A Wheel’s ..
Denver & Rio Grande...
Det, Gd. Kai-lfls A West,
Dnlntb So. Slior*-1 A Atl
Kvansv. & Indianapolis.,
Evam<v. A Terre Haute,,
Flint & Pere M arqaette.
Fla c ©nt. A Peoiiisnlar.
Ft. Woitli A Rio Gi ande.
Georgia * Alabama.......
Grand Rapids A Indiana
Cin Rich, & Ft. Wayne
Tiavexse City............. .
e Mn&fc. Gr Rap. & In d..
GranaTiuiik................ >
t Chio. A Grand Trunk >
Det, Gd. H. <feM........ )
CiD, Sag. & M a e .........
International & Gt. No.,
Kanawha* Michigan...
Kan. City Ft, 8. & M e m ..
Kan, City Mem. * Blrm.
Kansas City & Omaha..
Kan. City rittsb, & Gulf
Kan. City Sab.Belt.......
Lake Erie * Western___
Louisv. Kvansv. 4t 8t. L
Louisville H©ud.& St. L..
Louisville A Nashville...
Mexican Central.............
Minneapolis & St, Louia,
Mini-. St, P. & Ste. S. M..
Mo K an sas* Texas----Mo. Paoitic & Ir. lM t ...
N. V. Ontario * Weaten
Norfolk & Western.........
Omaha Kan C. A East..
Peona Det • E vsnsv..
Pmuburg * Western...,
R.o Grande Smith* rn ...
Bio Grande Western----St. JoBepn * Gd, Island.
Bt. Louia Southwestern.
Sherman Shrove. & So...
Southern Railway.........
Tex m <k Paeific. - - - - - - |
Toledo * Ohio Central..
Toledo Peoria & Wcst’n . |
Toledo 8t. L. & Kan.City 1
Western fC V. & Penn...
W iconein C en tral.......
Total (76 roads)..........
Net increase (14-73 p.o.).
• «sS
1897.
1896.
8
30,141
22,194
12.264
137,58<
77,289
103,686
538,000
120,651220.031
93,67'
114.842
74,15^
720,434
34,43:
I V 94
284.735
30,028
163,< 00
26,45
35.024
5,4 8P
24,736
,57.443
40,731
9J 68
40,097
27,411
42,300
7,8N
93!
2,585
$
33,358
21,813
14,432
n * .3 4 i
66,293
87,113
425,00(
112,495
201,081
84,76
91,924
5 8,4 04
642,794
35,941
13,381?
259,21;23,40142,606
23,512
35,287
6,581
2(1,2il
46,96!
34,8-88
7,839
36,755
25,686
33,0x8
7,108
779
2,230
540.814
514,205
16,609
2,555
2,02t
95,900
37,910
7,684
95,269
20,853
5,140
61,488
14,215
74,271
33,307
13,969
435,860
180,626
99,793
47,271
94,844
278,90.
514,000
23.00(i
74,826
229,C02
600,17f
28,566
16,046
,17.451
65,587
6,s3i
68,60*
il,9 0i
11 <>,900
7,818
420,760
-155,168
25,663
22,159
46,279
271,69b
71.100
25,744
112,315
2,180
2,018
102,800
32,938
7,162
80,185
25,262
3,18t
17,46o
6,141
64,61
33,949
8^00
411,510
189,235
104,001
40,194
82,016
263,444
403,600
12.000
70,259
190,411
411,421
24,1012,4*5
15.951
48,867
9.30149.31H
17,600
106,:-00
6,6 m
399,465
145,175
35,47i<
21.135
41,533
239,637
69,70
22,215
87,5 ii
375
8,196,651
........
7,144,321
............
2d week o f September
1996.
1897.
In crea se.
D ecrease,
$
881
.... .
19,23'
10,996
16,575
113,00*
8'163
18,9 0
8,913
22,9 D
15,751
77,64*
____
25,52
6,621
21,001
2,938
i-.i . . .
........
4,47510,482 ;*{
5,842
1,829
3,342
1,725
9,252
706
160
355
?
3,218
. . . __
2,168
.....
r^»r - _ ,
r„m
. .T .
2,506
1,895
263
1,092
............
H
4,972
522
15,08i
1,954
44,(38.074
9,666
5,069
24,260
___
7,077
12,828
15,456
111,000
11.000
4,567
38.591
188,757
4,464
3,001
1,500
16,721?
19.30
7.30*
10,40i
1.215
21,29’
9 ,(19 :,
.... ...
1,024
4,746
32,061
1.40
6,900
4,409
ttttma,-a
642
8,607
4,208
2,419
9,870
3,529
24,79c
1,100,533
1,052,336
48,197
: the secora w een ox otjn erau ir onr nnat statem ent
•b 14 roads, and show s 13-85 per cen t increase in the
egate over tl e fam e week last year.
Previously rep’d(76 r’ds
Des Moines * Kan. City
Ft. Worth & Rio Grande.
Grand Trunk of Canada
Cin Sag. & Mack.___
Tol. Sag. & Musk...........
Keokuk & Western..........
Mexican Railway..........
Mexican Southern..........
Un. Pao. Den. As Galf___
[V oi. LXV„.
1897,
1896.
*
8,21:6,823
4,248
10,188
S
7,316,943
2t506
9,914
2,949
2,J 23
9,668
80.415
2,019
2,051
7,698
70, ? 1"
14,316
59.289
7 .1 0 1
73,991
8,447,506
t'oral 181 road3)........
............
Net increase (12-c5 o. o.d
7,485,245
In crea se.
997,23
1,742
274
T) o r , ase.
57,353
900
72
1,97(
9,890
14,702
1,026.789
962.2 1
7,215
64,568
£N e t Earnings Monthly to Latest Dates,—Th» table follow
mg shows the gross a 'd net earnings of S t e a m railroads
reported this week. A full detailed statement, including all
roads from which monthly returns can be obtxmed, is given
once a month in these oolumns, and the latest statement of
this kind will be found in the C h r o n ic l e of Sep em <er 18,
1897. The next will appear in the issue of Ootober 23, 1897,
-N et E arnings.—
— G ro s s E c t r n in g s . 1897.
1896.
1896.
1897.
S
w 5:: a Roads.
S
42,329
123,440
37.159
135,746
Alabama Gt.Son1h.aAug.
2? 0,744
923,548
196,421
Jam 1 to Aug. 3 1 ,— 1,014,156
86,099
247.519
267,657
71,827
July 1 to Aug. 31. . . .
93,859
217,674
212,830
85,044
Allegheny Vai’ey___ Aug.
6 2 2 ,6 .4
556,315
Jan. 1 to Aug. 31.— 1,587,490 1,568,734
t9 2l,280
Aten. Top. & S'. Fe.!>*Aug. 3,214,581 2,678,461
f751,955
Jan. 1 to Aug. 31___ 20,242,872 18,6-13,131 4J53,480 4,688,658
July 1 to Aug. 31....... 5,808.812 5,042,898 11,386,033 t l , 305.853'
492,301
Baltimore &Olno,b.Jaly 2,182,456 2,183,298
515, ’ 85
Jan. 1 to July 31.......14,251,226 13,610,919 2,673.155 3,190,069
98,558
87,047
Bufl. Rooll,* Pitts, b. Aug,
292 646
296.965
699.256
Jan. 1 to Aug. 31....... 2,171,145 2,153,043
687 144
214,711
207, a 8
July 1 to Aug. 31.......
619.203
610,292
811,361
Canadian Pacific.a. .Aug, 2,232,115 1,397,485 1,004,407
Jan. 1 to Aug. 31.....14,051,81112,842,712 5,585,959 4,623,033
107,217
101,981
Cent, of Georgia.a..Aag.
382,259
382,741
3,121,944 3,168,510
898.096
845,371
Jan. 1 to Aug, 31,,.
196,454
196,680
741,408
745,398
July 1 to Ang. 31.......
862,259
316,240
301,184
Ches. & Ohio.a........ Aug. 1,006,409
Jan. 1 to Aug. 31....... 7,313,760 6,718,975 2,233,3 77 2,126,671
682,633
594,715
July 1 to Aug. 31....... 1,964,109 1,702,312
3,114,267 1,673,7 6 1,320,652
Ohio. Burl. AQuin.b.. Aug. 3,854,013
.
Jan. 1 to Aug. 31....... 23,838,919 21,459,735 9,013,856 7,291,055
July 1 to Aug. 31. ..6 ,8 9 7 ,0 7 2 5,867,618 2,765,160 2,293,974
105,619
79,464
CKc. Ind’lis & Louis..July 303,294
252,849
Onio. M. &St. P .a...A u g . 2,780,614 2,524,366 1,092,125
8 4 5 ,-6 3
Jan. 1 to Aug. 31....... 19,242,490 19,684,697 7,L66,313 6,789.051
July 1 to Aug. 31....... 5,494,007 5,070,593 2,041,963 1,668,6 26
11,307
13,320
dove. Canton & So..Aug.
43,083
61,893
55,666
94.017
401,733
455,335
Jan. 1 to Aug. 31.......
July 1 to Aug, 31.......
90,132
127,957
13,330
26,728
285,213
251 557
D e n .iR . Grande.b,.Aug.
684,737
624.457
Jan. 1 to Aug, 3 1 ... 4,558,767 4,715,810 1 ,J2 1,729 1.87 1,324
591,421
510 813
July 1 to Aug. 3 1 ... 1,383,113 1,243,894
Des Moines & K, C...Jaly
12,724
8,506 d el 1,081
1,180
86,099
64,871
9,176
20,546
Jan, 1 to July 31____
Erie...........................A n g, 3,181,791
.
. . .
2,687,666
963.164
882.187
Jan. 1 to Aug. 31....... 20,928,794 20,051,202 5,132,476 5,013,038
July 1 to Aug. 31....... 6,032,635 5,323,199 1,761,349 1,644,642
Ft. W. & Deny. Cicy„Aug. 121,295
68,392
54,234
14,418
59,392
Jan. 1 toAng. 3 1 ....
711,550
566,c l7
16 6,285
Georgia & A la b 'a .a. Ang.
81,444
80,234
18,393
27,846
660,712
497,533
Jan. 1 to Aug. 31.......
138,518
136,232
July 1 to Aug. 31.......
164,071
154,303
31,272
46,787
Keokuk & West’ a..b.July
31,899
26,461
5,291
4,788
Jan, 1 to July 31. . . .
216,476
227,379
51,826
85,087
Lehieh Valley BR.„Ang. 2,011,174 1,827,840
693,550
519,858
Deo. 1 to Aug. 31. ...13,312,207 13,633,060 2,393,664 2,673,295
Lehigh Val. Coal Co.Aug. 1,531,035 1,166,004 d ef.34,8'0 def.19,558
Deo. L to Aug. 31....... 10,874,634 10,953,228 df.297,247 d f.581,597
Louisv. Hend. & St.L, Ang.
50,242
46,317
17,901
18,214
Jan. 1 to Ang. 31.......
305,475
308,420
67,648
76,827
Louisv. & Nashv.b,.Aug. 1,778,103 1,650,783
594,266
460,517
Jan, 1 to Aug. 3 1 .... 13,342.298 12,949,018 4,216,951 3,961-680
July 1 to Aug. 3 1 .... 3,573,560 3,278,383 1,321,983
960,518
308,023
170,545
838,626
Mexican Central...... Aug, 1,001,964
Jan. 1 to Aug. 81____ 8,526,383 8,533,024 2,6 i5,370 2,335,733
77,539
Minn. & St. Louis.a.,Aug.
193,711
83,521
170,116
Jan, 1 to Aug. 31...... 1,282,547 1,225.03 L
445,726
457,153
July 1 to Aug, 31......
373,198
131,381
327,754
142,163
N. Y. Sus. & West. b„ Aug.
195,832
75,144
180,129
87,519
Jan. 1 to Aug. 31, . . . . 1,402,519 1,410,862
606,055
616,970
July 1 to Aug. 3 1 .....
393,329
378,917
180,554
166,721
Northern Central. b..Aug.
635,098
144,632
516,396
243,667
Jail. 1 to Aug, 31. . . . 4,209,186 3,965,188 1,227,134
913,336
Paeiiio Mail...............Aug.
331,117
328,546
23,066
89,402
Jan. 1 to Aug. 31___ 2,950,297 2,610,959
355,377
619,250
May 1 to Aug. 31...... 1,410,955 1,292,278
176,918
324,561
Pennsylvania—
Lines directly operated—
Eastof Pitts.&U.. Aug.
_ 5,858,961
.
5,320,761 2,287,915 1,931,915
Jan. t to Aug. 31,..40,928,931 40,884,631 12,581,202 10,907,102
Westof Pitts.&E.. Aug.
Ino. 23V200
Ino. 218,400
Jan. 1 to Aug. 3 1...
Dec. 854,100
tno. 341,900
PhUa. & Reading— Aug. 1,888,538 1,787,019
353,456
783,321
Jan. 1 to Aug, 31.......13,232,390 13,35,6,037 5,-162,403 5,485,196
July 1 to Aug. 31. . . . 3,305,131 8,539,883 1,-702,331 1,526,695
Coal & Iron Co....... Aug. 2,128,096
1,593,222
„
________
108,396
63,954
Jan. 1 to Aug. 31.......13,269,505
13,269,505 13,997,420
13,997,420 df.297,608 df.137,362
July 1 to Aug. 31. ... 4,203,854 3,621,427
268,840
130,730
Total both Co’s.......Aug. 4,016,634 3,330,241
961,352
847,275
Jau. 1 to AUg. 31......26,501,895 27,354,057 5,164,800 5,347,834
July 1 to Aug. 31...... 8,008,988 7,161,260 1,971,671 1,657,425
Reading Company. Aug.
.................................
27,326
27,326
July l to Aug. 31___ _
53,688
58,688
Total all Compau’s. Aug............... ....................... .
989,178
874,601
July 1 to Aug, 31,..-.................. .
2,031,359 1,716,113
PML Bead. & N. Eng. Aug.
58,141
59,407
19,371
24,011
Jan, 1 to Aug, 31.......
453,162
142,086
447,998
127,140
July 1 to Aug. 31.......
115,305
120,197
45,609
35,1 1 1
ME
THE CHRONICLE.
October 2, 1897,J
- Bros> S a m in g s .1397.
$
131.416
703.949
Jan. 1 to Aug. 31.......
615,305
St. Louis A San Fr...Aug.
Jan. 1 to Aug. 31....... 4,016.193
July 1 to Aug. 11....... 1.143,300
61.161
®anta Fe Pres, it Pb July
Southern Railway.a.Aug 1,604,S57
Jan. 1 to Aug. 31— . 12,339,035
July 1 to Aug. 31. . . . 3,083,142
W»ba*h.b...................Aug. 1,213,181
Jan. 1 to Aug. 31....... 7,581,511
July 1 to Aug. 31. . . 2,138.816
441,611
W. Jersey A Seash’e.. Atig.
Jan. 1 to Aug. 31. . . . 1,805,913
SoacLt
fit. Joa. & Q<L Ia l.V .A n *.
-1761 E a r n i n g * . 1896.
1897.
1896.
*
*
8
64,180
60,653
21,455
410,857
261,111
82,03o
238,958
515.396
309,203
3.923,121 1,593,932 1,504,380
495.630
451,494
1,001,465
35,599
49,864
24,716
420,909
1,442,001
471,726
11,694.013 3,394,799 2,875,407
847,810
2.88 >.676
748,784
352,729
447,955
1,0*3,203
7,937,952 2,424.177 2,105,014
777,290
2,108,702
668,043
425,314
230 636
207,211
530,717
1.874,335
509,036
a Net earnings here given are after deducting taxes.
b Net earning* here given are before deducting taxes.
• Figures for July and Augu-tt inelade At. T. A 8 Fe. Gulf Col. A San
ta Fe, Santa Fe Pacific (old Atlantic A Pacific! and So. California Ry..
hut not Sonora Ry. and N. M. A Arizona, which previous to July had
been included
1 For August, 1897, taxes and rentals amounted to *145,422. against
*189,684, and from July 1 to Angu-t 31 *281,706, against *354, 00,
after deducting which, net for August, 1397, was *77 >,853, against
*562,271. From July 1 to August 3 1 net after deducting taxes and
rentals is *1,104,332, against 1951,653.
Interest Cfearyes anil S a r p lm ,—The following roads, in
addition to their gross and net earnings given in the fore
going, also report charges for interest, S o ,, with the surplus
or deficit above or below those charges.
.-----h it -, r e n t a i l , t i e . ---- , —Beil, of .Vet E a r n ’,» 1896.
1897.
1897.
1896.
*
RfHldtB,
*
*
•
788.726
876,202
Chic. Bur:.4 Quincy. Aug.
4 14.450
800.000
341,570
885.160
J o !. 1 to Aug. 31___ _ 1.780.000 1,752,4 14
50,861
8 1 ,8 8 3
200,696
D saver A Rio lir'de., Ang.
203,355
129,415
208,173
381.418
July l to Aug 31. . . .
385,248
Phliadelphlt A Reading—
34,249
745,000
2 St.178
810,352
All companies ... AH*.
540,359
35,40
July l to Aug, 3 1 ..... 1.490.000 1,680.7 J 4
STR EET R A I L W i l S AND T K A C H O V C O IP A V IE S .
615
J a n , i to L a t e s t D a t e
L a tes t G ross E a rn in g s.
Gkoss
E a r n in g s .
W eekorM a
1897.
1896.
1896, |
1897.
S
38,685 36,225
14,351 117,513
$
August___
279,849 236,004
June.........
72,778
78,464
J une........
1,256,493 1,292,916
August___ 93,224 84.187 670,267 633.664
July.......... 182,617 177,839 1,101,216 1.138,003
August___ 19,254 23.524
141,262 149,152
August___ 164,743 169,180 1,136,896 1,165,739
August.—
25.116 22,462
134,299 133,075
Augnst___
7,988
8,019
40,815
40,812
August___ 23,392 21,716 166,562 158,217
May........... 13,610 16,18"
62,641
66,941
August----- 43.409 47,431 315,603 331,663
* National Convention of Traveling Men held In June 1896 accounts
for large earnings then.
§ Decrease on account of comparison with unusually heavy receipts
la 1896 caused by Cleveland Centennial,
$
Syracuse Bap. Tr. Ry,
Terre Haute El’o. Ry.
Third Avenue (N.Y.).
Toronto Ry------ —
Twin City Rap. Tran.
Onion (N. Bedford)..
Oniied Tract. (Prov.J
Onit. Trao. (Reading)
Wahe£lald& Stone —
Waterbary Traction..
Wheeling Railway...
Wilkesb, & Wy. Valley
Street Railway Set Earnings.— The following table gives
the returns of Street railway gross and net earnings received
this week. In reporting these net earnings for the street rail
ways, we adopt the same p'an as that f ir the steam roads—
that Is, we print each week all the returns received that
week, but onoe a m m th (on the third or the fourth Saturday)
we bring together all t ie roads furnishing returns, and the
latest statement of this kind will be f mud in the C hronicle
of S-p-.emb r 18, 1897. The next will appear in the issue of
October 23, 1897.
----- G rout E a r n i n g s . ----- ,
1S97.
1896.
M itatU .
$
S e t E a r n in g s .-
1897.
1896.
21,158
188,841
21,982
179,839
$
$
D nverCon Truoiw.. Aug. 62,567
63.265
Jan. 1 to Aug. 31.......
469,425
477,971
Metropolitan St Ry.lN.T.J—
Apr, 1 to June 3 0 .... 2.386.478 2,092,761
Jan. 1 to June 30___ 4,478.940 3,972,332
New London 8t. Ky -An*.
9,269
9.810
Jan. l t o Aug. 31. . . .
37,364
38,803
New Orleans Tract,. Aug.
106,959
107.839
Jaa. I to Aug. 3 1 .....
805,589
905,676
Rochester Railway—
A»r. 1 to Juno 3 0 ....
189,181
216.821
Jan, 1 to June 3 0 .. ..
386,258
427,596
$
1,126,924
931,736
2,078,981 1,713,329
5,442
6,154
14, <'28
l o r 50
45,923
26,303
274,132
396,716
The following table shows the gro<* earnings for the latest
03,154
57,900
127,505
115,895
parted of ail STREET railways from which w>; are able to ob
tain weekly or monthiy returns. The arrangement of the
Interest Charges and Surplus —The following Strep,t
table is the same as that for the steam roads —that is, tiie
first two columns of figures give toe gross earnings for the |railways, in addition to their gross and net earnings given in
latest week or month, and the last two column* the earnings ; the foregoing, also rep »rt charges for interest, S o ., with the
|surplus or deficit above or bel >w t hose charges
for the calendar year from January I to and including such
-Int, itenlals, <fe.— . —Bal. of Net Earn'at.-,
latest week or month.
1897
*1896
1897.
1896.
STREET RAH.WAY8 AND TRAOTIO.V COM PANIES.____
Ltttml Q-rmn Marnin^i
f f i t k o r M «|
E'AKSINa#-
1897.
Jmi, 1 in Luimi Dale,
1 096, ;
1 99 7 .
■
Ooiia S'l. R y . ,
B f'k ifa , R a p , T r. C o .—
i ,m m
16*0-57 j\ 18,051
0 ,0 30;! 0.4D3 - 2 3 2 7 *3 0
2 2 2 ,0 3 0
I 3/»4SBj| 3 3 M B
13,761
1,071
15,110
Aagttst...*: IMS,
1,005,710 ,108,940
9.
8 tm 7
51,0
Cettti&lm* St Ry. i Q A ■Uliwlt A«fti 10,'
10,881 38’ “ 37 4 24,682
Coney Ialand <k B 'lft i. jAlljffilftt. ...b* 42, ,70 J 4*2,059 237,850; 244,370
Consol-fa True. (N. Jf.) |Augtint,.. J271. 1 9 i
D'm r Jjtm ML lAaht fa
Street R y . . . . . . . . . . . J a n * ? ! 3,206
50,831;
48,795
7,736
Dayton Traction.*. . . . : AOg«at..*. | 6,340
5,914
D e a r e r Coo. Tnuttw., miaglMt...'.' 62.587) 63,265
4 8 9 ,4 2 "f 4 7 7 ,9 H
Detroit Cttf nASt.Ry I d wk Sept 21,195; 21,002 790,330; 752.326
.Detrol t Eiee, R y . . . . . .. Animat
30,643 8 83 1 8 205,no ? 287,032
Clem Palace A E.
D u lorh
B t.
R y . . .........
August... w.i
A n g m t , .« .]
iAttjgttSt..
15.42.5' 173*23
23,820 24,014
Harrlttharsr Traction. iAaguart.—J 2R0J8. 25,406
Erie B lm Motor Co... Amplet
Q a l r m ' t m C H j H r . . . July.. . . . . .
ft
F 'k fort EL Ry. J u ly ,
1 2 1 ,90 2
1 4 5 .76 0
1 0 0 ,56 8
118.760
23,601
5,282
92,595
25,218
5,993
95,101
1 25*050
94.362!
M o r tim e r M o lm w k
io n
a
Hoosick R y. . . . . ___ _ A n g v st
Hoastoo Bleu. Bt. Ry . J im ® . . . . . .
Interstate Consol, of
North Attletioro.... A n g m t . . .
Kingston CJi| S f ...... "August....
LeMkb Traction . . . . . . Angus fe . . .
3,204
904
17,347
3.584
1,007
17M B
83.581
8-1,875
13,590 13,658
35,977
36,110
5,552
5,789
81,775
71.363
n ,4 ?0 i 12,731;
58,994
■LondonSt, R y. ( C l a n , ) . . . .
9,337 ■ 10,176
64,078
Lowell Law, A Mav.. lAugast
51,844 48,04'J 2 9 1 ,0 3 1 285,250
,283.352
Metfop. (KmMfa* City) 3dwk ~e p t
33,210.1. ,306,487
Metro. W. Side ( C M e A Augdat
61,07138,059
Motjfcgofnery
Ry.. Angwat
38,351
5,081
5 ,7 6 '
8 41,833
Montreal Street R j ... Aninist
120,721! 8 9 9 ,79 5
945,850
,338,617
Kassaii Eloe, fB'ktya) A m m t . . . 2 2 9 .5 3 0 1199. »88i
36,385
Sfewtjnrirti E'eetrln,.. 1J u n e . . . . . .
31,303
8,342:
i ,976
39.803
N ew U r n A o n St, R y ., A n e iw t ___
37.364
e ,2 « 9
9,810New Of leans TractionifAtn m m . . . 100,959 '1 07,839 809,589 805,076
985,501
North Shore Traetlon )Aiii-Cnst. . , 177,395 175*563 [ 965,233
1.2,82'-'
12,410
Ok -Jensbnf t S t, Ry.,. jA n *u *i . . .
2*41.9:
2 .o l P
225,515: 213,849
T iltw o s Ry . . . . . ... |AiISKUlit___ ' 8 3 .3 3 8 31,2 17
8.1*52
F H m h . M t . B n b , F e , R t .1 *m e . . . . . 7
3,21 £
16,8421
122981
48,769
47.970
Po*ke«p»ie A Wapp .F J i i ir ,
9,323:.
8 ,987
B o e & e H r , . . . . . . . u t m e . . . . . 02.99W 67,1921 3 8 8 .1 0 3 414,678
58,626
5 7 ,9 0 :
RrrxVh-ch If A Nor n IA ffgUtfe.. . . 12,71 4 1 2 ,n »5
38,525
SelinyllrIR Traetion.. M AY - . . . . . . .
34,741
8,8565
7 .1 1 3
25,588
Sehayik-lll Val, frae j> m e
5 .3 3 3
Be
% <m A Carboud’e: a iignst . . .
3 ,9 6 i
6,4075 _w# . j
SorantO'fi fa P ittito n (A t w m i ___
Scranwm .R ailw ay..... JA m m t . . . 39.169 3 1,A l l
3.717
Syracuse*.
L* Ry.■7A m m t . . . 1 2 ,9 2 7
231*205
21,513
*
i s 133
U 7 .9 J 5
8
1 7 ,8 2 8
1 4 2 ,8 4 7
S
3 .0 2 5
« 0 ,9 u 6
4 ,1 5 4
3 0 ,9 9 2
ANNUAL REPORTS,
Annual Reports*—?Th^ following is an index to all annual
reports of ste vn railroads, street railways and miscellaneous
oo xip tnies which have been publish d sin 56 the last editions
I o f* th e I n v e s t s
es" a n d
S m i.;r-;r f i
v ie w a y
S u pplem en ts,
This iniex}l>‘_-rd nut me!ado reports in to day’ s C hronicle.
239,721
203 ,35 1
A -U g U x t . . .. s424,033 429,561 3 ,0 7 1,77 7 3 ,053,021
4 7 9 ,6 2 3
0 9 .7 7 0
B rrk iy a QtTm % Sub**:
493*490
T otki fo r ® f i l 0(m ..:
■i *532,64-4
B o ffv lo
. . . ' AtftBC
! ’060^500
Cto & Miami V*L Ttac i 4 a g ( i » L ... 5 9,471 |
.■
.... ...
City Bute.
O-eViLiUd Eleetri©,.
Jan. I t >A u g. 31. .. .
is o a .
S
$
#
1
f
i 1.0-17
0 7.4 86 :
A k r o s B M f d fa C i«v A d g t M t .... t w i
64,6*^7
fa m k m t . . .
4.741
5 tDS'8
3 2,2 J0 :
33,539
Sfe R -•*.
2 1 ,1 8 0
....
A a d $f*9 p El #!* By... M ay
.......
5 9 ,4 6 0
A it a s t.;4 R ailw a y
B.O40
59,1 04
8 0 9
1.0 6 1,55 2 1.04 i.lHU
32 I370!
Bttlttflieff cr Ooa>€*. fi/.|
*..j■
i 1,197
B a h ft* U f r (M a in e).!
mj
2* m *
13,614
V«U»P»t . . .
S
B oa eit.
Denver Con. fram w . Vug.
220,751
2 5 .0 5 8
Rtn.aoADs and M m o B b , Co s.
Volume 65—
A m e e l m n Croc©ry
A n:U ® m h(‘"p[v*rM
Pm
—
-
R a il r o a d s
and
M i 8Ck l .C o ’ s ( O o n .)
V o lu m e 05—
P age.
Newbwrjf D ntehess & Conn. ........... 588
•
N. V. New K ivon & H a r tfo r d ..511.
...40
Atcb. Ton- A S. Fc.
N. Y. O ntario fa W e s t...
495, 611
A m * * -U s
One
N. Y. Stw<|uohaana fa Western, ...
Boston A Albanr>
O
bi • I alls Car M fg . C o .................
Bosbrn A Main** .... .. ..........
Boston BSeetrlc Light __ . . . . . . . .
O ld C o lo n y ....... .................. ................
Oregon Hit. & Navigation. ...459,
Boston Revere fleaeh A L yn n .. ..
Ptiiladelohla Banding AN. Eng...
Buffalo RoeiA A Pitts (a<1vane#).,
r4tei8®t AHocAiMmtBiK. . . . . . . . . -T ) ; P ortlan d fa Hurnford Falls..............
.
Contra! o f Q m t a l * Ry . . . . . . . . . . . . . M i , Ity. Ctjuit). o f M in n esota ............
. . . . . . . 233,
Chesapeake A W o . . . . -.. A H *. S03* «65» j Itio G rande Sou t h e m .
Ctiie. Burl. 4 QtttofJf U.1m onths:. - 5A1 . S i. L ou is South w e s t e r n . .. . ___ ■
Chicago G n u Western . . . . . . . 512, 521 ! San Franeisco & North Paolflo.193,
Chic. MIL A St, Pan!
,M ". i P , I«1 Som erset R a ilw a y ...............................
Chlmgo A N'.rth Western.«S7*274. 2 7 0 \ Sow hero Railway (advance).........
Standard Rope fa Twine ..............
Cincinnati S'. 0 . A T e x . P &e . . . . . . . t m
Clor. Cin, Chic. A S t 1* ,..4 * 4 U 9 , i>i7 \ State,i Inland ita o ld T ra n s it . . . . . .
Colorado fu e l i Iron . . . . . . . . .... ar. Street R y . & Ilium . P roperties. . . .
Syracuse Binghamton & ?f.Y .......
Consolidate! ice Co,. . . . . . . . ...... 4»U
Denver fa R io Grande. . ..350. 304* 371 Toledo % Ohio Central...............
Klsdh-ToHet fa Raatern. . . . . --------- iff! T o le d o P eoria & W e ste rn .............
Erie R ft (advance)..............
... 2 3 2 Trow Directory, Printing & li..—
Pal! Brook ..................... .
... 613 U1 ?i?er fa D elaw are......................
Eltchbiirg .. . ... ...................... .
513 Wabash.......................... 441. 460,
Illinois Centra!.. . . . . . . . . . . . 4 1 4 j W e s te rn N. Y. fa P en n , (a d v a n ce ).
Iowa Centra!......... ..... — . . . . . . . . §«0 |W e st V a .C en tra l fa P ittsburg........
& Michigan ... ............... fiH ; W isco n sin C entral O o..............
j Kanjwha
fCansiwCity Ft, Scott fa Memphis. 364 j
St r e e t R a i l w a y s .
Kaunas City Memphis fa Rlr . . . . . . 364 }
Kansas CUy Plttsbarg fa Gulf. ... 473 i
Lcbigb k Hodscm H i v e t . . . . . . — . 325 j B rook lyn R apid T ran sit S y s te m ..
Long Island— ........ . .
. . . . . . . . . 613 > Dry D ock IS. B. fa B a tte ry (N. Y . .
Manhattan Elevated N. Y .). . . — 325 K in gs C ou nty E levated, B id yn —
Mexican International----- ,...140, 15t*< j U nion T m e t 'o n , P h i ladelphia,. . . . .
Minneapolis fa St. Louis . . . . . . . . . . . 40*. j Utica Bel fcLine.......................... ..
Mobile fa Ohio (advance)
. . . . . . 233 I Yonkers RR....................
564
520
5It
278
585
469
385
587
150
364
584
275
568
410
509
516
569
568
584
614
385
668
471
276
568
607
320
588
567
515
508
514
E rie R a ilroad Com pany.’
r Report f o r year ending June SO, 1897. J
Tue report for the fiscal year ending June 30 139?, the first
report covering the operations of an entire year, issued by
the new company, will be published next week._ In the
meantime the following is a statement of the earning., ex
penses, etc ,’ for the year, covering the entire system (except
ing the New Jersey & New York R-.R. and the coal
companies)‘ including the Union Steamboat Line, Union Dry
Dock, dining curs and restaurants. Tor the purpose of com
parison similar figures are given for the twelve months end
ing Jane 3 i, 1390; this period consists_ of seven months’
operation by this company, as shown in its first annual
report, and five months’ operation by the receivers of the
New York Like Erie & Western Railroad Company
THE CHRONICLE.
616
e a r n i n o *.
1897.
E a rn in g s from —
Freight....................
Coal......................... .
PaiMocer.............
Mali..........................
Express..................
Rents......................
Miscellaneous.......
s
1896.
D ec.
In c.
a
*
$
157.050
16,009,449 10,766,499
0,660,447 206,688
0,867,135
306,947
0,049,754
. 5,74*2.807
67,921
397,059
104.980
1,930
572,*24 4
.
574,180
79,513
211,991
13*2,478
987,493 118.509
1.100,002
148,456
Gross earnings................. 31,497,031 31,645,487
E xp en ses—
Maiut. of way and struct.. 3,089,609
3,314,922
Malnt. of equipment........... 4,387,393 4,476,120
Conducting transport.......14,294,818 14,633.307
General expenses..................
676,326
585,362
Taxes........................................
884,097
709,192
225,313
88,727
338,489
90,964
171.405
Total expenses.............23,332,243 23.719,403 ............. 387,161
7,926,084 238,705
Net earnings from oper...... 8,164,788
Ratio of exp. to earnings...
74*08%
74*95% ..........
'87%
INCOME ACCOUNT FOR YEAR 1 8 9 6 -9 7 .
Net earnings from operations.................................................... $8,164,788
Add interest and dividends on securities held......................
309,899
Interest and discount...................................................................
3,614
Total net income..................................................................... $8,478,301
D e d u c t io n s
Interest on lionds......................................................................... $16,533,616
1,067,095
Rentals of leased line..................................................................
244.270
Proportions due leased lines worked on a percentage basis
261,100
Interest on car and equipment trusts......................................
20,201
Interest on mortgages.................................................................
Total charges.......................................................................... $8,126,282
Balance, surplus...........................................................................
$352,019
t Includes, with other interest, 4 per cent on $30,000,000 Erie RR.
prior lien bonds and 3 per cent on $31,032,000 general lien bonds.
The remarks made in the annual report for 1896 relative to
the classification of expenses and the eSect thereof upon a
comparison of the several items apply this year to the five
months of the receivers’ workings, but the grand totals are
not materially affected and are substantially correct as given.
As shown by the above statement, the gross eari ings for the
year amounted to $31,497,031, adecrease, as compared with the
previous twelve months, of $148,456. or -47 per cent; the ex
penses were $53,332,242, or $387 161 less than last year, being
1-63 per cent, leaving net earnings of $8,164,7c8, an increase
of $238,70,'), or 3-01 per cent. The expenses were 74-08 per
cent of the gross earnings, being a decrease of -87 per cent
as compared with 1896.—V. 65, p. 232.
Central of Georgia Railway Company.
( Balance sheet June SO, 1897.)
The remarks of President Comer were cited in the C h r o n
i c l e of August 21, p. 325, in connection with a statement of
earnings for the last fiscal year. Messrs. Haskin & Sells,
certified public accountants, have audited the company’s
accounts and found them correct.
The balance sheet on June 30, 1897, compares with that on
June 30, 1896, as follows :
CONDENSED COMPARATIVE GENERAL BALANCE SHEETS JUNE 3 0 , 1 8 9 7
AND 1896.
Jun e 30,
June 30,
June 30,
June 30,
1897.
1807,
1890.
Assets—
$
Liabilities—
*
$
Cost o f property..42,116,604 41,011.496 Capital stock....... 5.000,000 5,000,000
3,513,9m) Funded debt . .. 45.801.000 45,220,0'-0
Cost of equipni’nt ,522,349
5,352,846 Def. liabilities....
5,326,779
Investments
38,509
56.026
Equipment lease
C’u rent liabilities8,389
(M .G . & A. Ky.)
Bills payable...
7.414
171.533
52,481
15,123
Deferred assets..
Vouch?* audited 144.174
173,515
C urr-nt asset*—
Pay rolls .........
172,430
147,949
521,S3U
105,009
Cash.. --------. . .
Pay checks..
5,854
14,643
42.509
Cash in transit..
Uncl’m ’d wages
1,296
733
74,320
05,148
Due from agents
Taxes accrued
Due from Indi
but not du e...
90,668
79,875
278,018
viduals A co.s. 514,846
Due to indivi*
Due »rom U. S.
duals and co.s
3,330
1,709
41,879
42,109
Government..
33,214
ri raffic balances.
*4,167
42,634
51
Traffic balar.ces.
Agents’ drafts
19,048
l,u37
Int. and rentals
Bills receivable.
ucor’d not due 328,083
•179,350
Do. due and unpaid...... ..........
74,690
89,208
Profit and loss;.
90,375
00,853
Grand totals....51,819,036 61,504,998 J Grand to ta l.... 51,819,030 51,504,998
N ote .—From the profit and loss balance at June 30. 1896, there was declared
nnd paid during the succeeding year a dividend of $60,0' 0 upon the company’s
first preference Income bonds, showing a u accumulation of net profits for the
year ended June 30,1897, o f $98,521’34.
— V . 65. p. 410.
[VOL. LXV.
E xp en ses Transportation.......
Malnt. of equlp’ t ...
Maint of way, etc..
General............... ....
T hX* 8
..................
Exti’dinary & Imp-
1896-97.
1,144 623
602.870
407,003
98,959
76,704
20,t84
1895-96.
1,169 068
557.101
379,719
94, m30
6 ,64v.
20,553
1894-95.
1,196,729
551 538
336,358
87,803
59,728
39,131
1893-94
1,134,652
465,280
365,305*
85,202
69.890
30,101
Total............ . . .
Net earnings............
P. ctop. ex. to earns
Other income............
2,350.243
961,523
(70-22)
35,510
2,284,913
856,976
(72-72)
37,889
2,271,287
756,929
(75-00)
38,225
2,150,426
629,811
(77.34 >
39.588
T o ta l......... ......
997,033
894,865
795,154
669,399
579,877
585,001
577,371
575.468
Miscellaneous in t...
18,900
120,665
4 ,705
18,900
127.460
45,860
18 900
124,960
31,252
18,900
3 23,932
30,126
Total....................
Surplus......................
766,147
230,880
777,221
117,644
752,483
42,671
748,426
def. 79,027
BALANCE
SHEET JUNE
Int od bonds & c * r t r
Interest on bonds of
proprietary ioads.
30.
1894.
1895.
1896.
1897.
$
*
if
4!
Post of road & eauip.21,087,970 20,983.160 20,625,451 20,463.606
1,497.932
1.503,775
1,496,105
1,51 1,820
1,(03,671
1,003,671
1,003,671
Investments.............. , 1,003,670
61,054
41,197
21,108
109,378
304.1 00
586,009
292,tOO
572,000
Bills receivable........
245,814
261,985
297,820
254,128
Materials on hand...
Agts . coi ductors, in
418,517
367,863
519,165
205,255
dividuals and cos..
100,541
45,164
97,229
110,271
Miscellaneous..........
Total..................... 24,932,164
24,620,532
Stock, c nunon........ 6,000.000
Stock, preferred — 6,000,000
Bords (see Supp.) ... 10,620,0(0
527,000
Car trusts..................
30 i,500
Real estate mtgs.......
370,000
Ronds of propri rds .
130,185
Inr. accrued not due,.
526,440
Pay-rolls and vouch.
Bills payable
—
26,269
Due to indiv’s & cos.
5,455
Miscellaneous...........
416,315
Profit and loss.......... .
6,000,000
6,00‘i,000
9,629,000
668,000
301,500
370,000
130,922
342,438
762,000
215.064
) 6,179
185,428
L i a b i l i t i e s —-
Total.....................24,932,164
24,820,532
24,481,342
24,031,037
6,000,010
6,000,000
9,340,000
808,000
306,500
3 'O.oOO
126,7*7
420,838
878,970
133,094
29,230
67,873
24,481,312
6,000,000
6,000 000
9,340,000
869, *00
314.500
370$00
127,178
173,124
666.000
166,936
9,092
25,207
24.C 61,037
The growth of the bituminous coal traffic is shown in the
following for four years past.
F r e ig h t tr a ffic —
1897.
1895.
1895.
1894.
Tons of bituminous coal oar..2,949 OS2 2,433, l 65 2,535.008 1,894,595
Tons of coke carried............... 431,218 367.275 259,425
177,149
lotal tons (all freight) c.jr’d.4,373 188 3,775,504 3,754.946 2,987,7 3 2
Av.dist.haul of one ton.miles.
131-52
143*70
143*00
139*3 4
The rolling stock June 30, 1897, included locomotives 132,
against 138 June 30, 1896; passenger cars, o 3 against 54;
freight cars, 7,050 against 7,196 ; company’s service cars,
250 against 243. The following leased rolling stock is in
cluded in the above: 1. Prom Clearfield & Mahoning Ry.
Co., 10 locomotives ; 2. Prom Mahoning T alley R R. Co., 1
1 icom dive, 2 box cars, and 39 l gondola cars, th ere are 192
gondola car- equipped with coke racks and 1,446 freight cars
with air brakes and 4,562 with automatic couplers.—V. 65,
p. 232.
R io Grande Western Railway.
('Report fo r the year ending June 30. 1897.J
In advance of the pamphlet report the following state
ment of earnings is issued :
EARNINGS AND EXPENSES.
1896-97.
E a rn in g s—
$
Passenger.............................. 525,410
Freight...................................1,795,924
Mail, express, etc................ 147,170
Total gross earnings...2,468,504
1895-96.
$
555,194
1,760,829
141,336
2,457,359
1894-95. 1893-94.
$
$
443,047
521,992
1,612,932 1,461,510
133,712
117,816
2,189,691
2,101,318
O n er, e x p e n s e s —
Malmenanee of way, etc..
Maint. of equipment........
Transportation expenses..
Contingent........ ...................
General taxes and insur...
389,286
172.147
857,704
69,607
221,145
321,283
194,609
856,527
12,044
203,237
278,080
211,891
831,243
14,772
186.611
237,993
188,595
814,732
24,213
188,703
Interest on bonds...............
Miscellaneous..................
608,000
5,662
608,000
6,671
608,000
4,431
586,088
37,243
Total...............................
Surplus..................................
729,521
131,371
675,485
40,263
661,340
9,350
Buffalo Rochester & Pittsburg Railway.
Total....................... 1,709,889
1,587,700 1,522,597 1,454,236
( Report fo r the year ending June SO, 1897. J
Net earnings................ 758,615
869,659
667,094
647,082
The remarks of President Arthur G. Yates are given in Pereentop. exp. tocarns... (69-27)
(64-61)
(69-53)
(69206)
subsequent colnmns o f to-day’s C h r o n ic l e .
Net ot Tintio By., etc. 102,277
87,530
48,654
23,608
The statement o f earnings, expenses, balance sheet, e tc,,
Totalineome................. 860,892
957,189
715,748
670,690
has been compiled for four years for the C h r o n ic le as fol
D is b u r s e m e n ts —
lows :
Rentals paid........................ 115,859
101,080
63,054
38,009
OPERATIONS, EARNINGS AND EXPENSES.
Road operated.........
1896-97.
339
1895 96.
340
1894 95.
336
1893 94.
336
O p e r a tio n s —
Passengers carried.
714,827
742,102
742,702
771 '2 3
Pass. oarr ed 1 mile. 15.374,634 16,055,899 15,410,698 16,133 349
Rate per pass, perm
2 l6 c t s .
2-18 ots.
2-18 ets.
2'<i>«-a
Fi’(rh'(to a)carriod
4,373.188
3,775.504
3,75 946
2 ,9 8 2 7 3 '
Freight (tons) I m . 575,169.465 542,557.063 536,968,4->94I5,6 4 3 ! 39
Rate per too per m.
0 48 eta.
— ets.
0-48
0-54 ots.
**■
jj*
W a r n in g s —
*
Passenger................
371,773
389,504
375.076
396,201
Freight......................
2,930,987
2,747,722 2,647,678
2,377,223
MiscoUaneoua..........
9,006 ___________
4,663
5,512
6,813
Total...................
3,311,766
3,141,889
3,028^216
715,751
241,438
To the surplus of $131,371 for the year 1896 97 was added
the amount to credit o f profit and loss June 30, 1896, $295,5 8 , making a total of $426 8 8 8 . Against this there has been
charged: Div dend Mo. 12, payable in preferred stock, August
16, 1897, $250,' 00; new equipment, betteiments and claims in
suit $125,000; settlement of sundry items prior to July 1,
896, $3, 80; total, $378,180, leaving balance at credit of
2,780,237 profit and loss June 30, 1897, $48,708.—V. 65, p, 278.[
THE CHRONICLE.
October 2,1897,]
Southern Railway.
f Report f o r the year ending Jane SO, 1S97.J
The report of President Spencer for the late fiscal year,
also extracts from the report of the General Manager, the
company’s income account for two years past and its general
halance sheets of Jane 80. 1897 and 1896, are given on subse
quent pages of to-day's Chronicle. A four years’ state
ment of earnings was on page 110 of the Chronicle for
Sept. 4.— V. 65, p. 410, 413.
St. Louisk San Francisco HR.
( E a r n in g s f o r y e a r e n d in g Jane SO, 1 8 9 7 .)
The Chronicle has been favored with the advance state
ment given below for the late fiscal year. The new company
took possession July 1. (890 and therefore the earnings for
1896 97 show results for the first year nnder. the new manage
ment. In 1895 t:6 and 1801 95 the road was operated by re
ceivers.
lS9f-7.
1 8 0 5 -0 .
1 8 9 4 5.
$ 6 ,1 8 2 ,0 5 5
# 8 ,0 8 1 ,4 2 4
$5,993,836
Gross e* mines —
3
,7
4
5
,5
4
8
3
.5 4 2 ,1 3 2
.
3.is3.s*s
Operating expenses
. 171.557
2 1 5 ,7 9 3
2 0 .-,504
Taxes....... ......... ........
Net earning*............. - ......... $2,33*.451
O th erln com e.............................
7,088
Balance surplus forcharge*.$2,345.517
82.200,714
82,338,787
$2,200,714
#2,3$6,787
0 17
Norfolk & Western Railway.
( Report f o r nine months ending June 30, 1897.)
The report of President Henry Pink, covering the opera
tions of the company for the first nine months of its cor
porate existence to June SO, 1897, will he found in full en
subsequent p a g e s of to-day’s C h r o n i c l e , together with the
income account for the same period and the balance sheet
of June 30.— V. 64, p. 1089.
Minneapolis St. Paul & Sault Ste. Marie Railway
( Warnings for the year ending June SO, 1897.)
Results for the late fiscal year have been reported to the
C h r o n i c l e and compare with the previous year as follows :
1897.
Tears end. June 30—
#
Gross earnings................................ 3,598.362
Operating expenses and l u x e s
2.302.5 e*
1896.
$
3,73 >,872
2.307.263
1895.
*
2,857,275
1,779,560’
Net earnings............................... 1,295,838
Deduct—
Interest on debt............................... 1,194,117
Rentals...............................................
105,020
1,428,609
777,715
1,202,065
121,888
1,179,817
111,897
T o ta l............................................ 1,299,137
1.323,953
1,291,714
Balance for y e a r ............................. tlef. 3,299 sur104,656 def.513,999
- V . 63. p. 501.
Alabama & Vicksburg Railway.
( Report f o r fiscal year ended June SO, 1857. J
President Harvey aays in part:
- V. 65. p 150.
Earnings.—Freight earnings show an increase of $57,797,
or 15-80 percent, which includes$34,714 in cotton and $35,694
Georgia Southern & Florida R a i l w a y .
in grain, hay, flour and provisions: live stock, lumber,
f Report fo r year ending June SO, ISO? }
staves, coal, brick and iron show a decrease. Although the
General Remots. —President Samuel Spencer says : The de gross earnings are more by $02,456 than in the previous year,
crease of $17,0 >3 m freight earning* in largely due to the re they are less by $55.2 1, or 7-97 per cent, than in 1891-93, The
duction in rate* reqaireu by the change in the classification Mississippi River rose to an unprecedented height in April
of the road by the Board of Railroad Commiaofoners of the last, but fortunately little damage was done to your property.
State of Georgia from “class six” to "class four.” That
Physical Condition — The report says in part:
boar i also made a specific reduction in rates on fertilizers,
Of the 143 tulle* o f m tin tra ct ao«l braaohe*. 133 miles are laid with
effective January 1st, 1897. The result for year is that 6 0 -lb -steel tall*. 9 ml* « with 56 lb. «t-e l rails and 1 m ile with 50-U>.
although the tons of freight carried increased 1-48 per cent, steel rails. Hi ere are 3-51 m iles o f bridge atruotnre, of i* blob 745
lineal feet *ra Iron and 17,8*0 llseal fe-t are w ooden trestle, since
the freight earnings decreased 3 t>* per cent. The decrease SOth June, 1896, tie- Irnirth o f wo den bridge* and trestles has been
in passenger earnings is da* to comparison with the abnor reduced from 27,3*1 lineal feet to 17.8NO lineal feet, and 197 openings
mal passenger traffic to the AtUnta Exposition in the preced closed. Daring the year there were laid In the main track 11 m iles o f
6C-lb. »t*-el rails In replaeem e - 1 o f old rails. The equipm ent Is
ing year. In the other items of revenue there was a very new
14 locom otives, 1 ste- tn shovel. » passenger ears, 4 bn eg., go and mall
satisfactory increase. Products of the forest contributed in ears and 473 freight and other o tt - --JO freight ears bein g equipped
1897 53-3 per cent of the tonnage, contrasting with 55€ per with automatic couplers and 2 17 freight ears with atr brakes.
Maintenance o f ears shows an Inorease o f $17,072, in clu d in g the
cent in 1696,
poet of 4t oars o f 30 ton capacity credited to replacem ent fund; o f 50
fet«" re Fund* to Provide f o r D eterioration,—The good con new 30-tou b o x eats contracted far on renewal account, but not y et
dition of the midway and equipment made it unnecessary to delivered; and o f equipping 2 t o u r with air b ak- s and 00 ears with
automatic couplers. Mat»ten«*>»* o f way shows an l arouse o f 8 17,88*.
expend as large an amount on their maintenance as during The
expenses Include the folio clog speotal Items: Replacing 10*78
the ye*r previous, but the property has been fully main miles o f light rails with 60-pound rails. * 7. t 2: ball tsttng, Including
tained. The current deterioration for which expenditures '0 ,9 4 0 cubic I nrd’i ,-f gravel. *14,905: new onivorts, #11,823;
are r ot yet necessary has been fnlly provided for through widening uut» and em bankments, §6,885; Vicksburg arch and new
lin e to incline, #16,818. etc.
the medium of reserve funds as heretofore.
There haa been no expenditure on capital account.
Pin m etal Condition,— The company has no floating debt,
and hits had none sine# its organization; $77,000 of the
Earnings, etc. — Following is a statement of earnings for
$416,000 of bonds held last year for fstane Improvements the late fiscal year compared with previous years :
have been drawn from the trustees to reimburse the com
KARSISOS. KXl-KSSKS AVI, CHARGES.
pany for payment of equipment trust notes issued prior to
1895-96.
1894-95.
1893-94.
1890-97.
the reorganization, and th-v are now held in the trtnsury of
Bm.rm$n§§—
S
if
9
9
148,516
152.844
139,188
the company. Of the equipment trust notes $68,408 remain PflvMtosera ...... ................ 1*4.470
361,471
360,392
364,843
Fr*‘ivht . . . . . . . . . . . . . . . . . . . . . . .422,140
unpaid. falling due during the n*xt three years.
52,793
57,885
55.917
. 0 .918
H om ings, S ic.— Earnings, expenses, etc., have been as M Ml, e x p i * « , e tc — ..........
585,780
575.072
555,677
follows :
T o t a l .................. ............ . 637,528
414.114
425,705
436,333
Operating exp. »n d t a x e s .. ,451,135
Operation*—
1896 7.
1805-4*
1994-5.
1893-4.
XNCOMtt ACCOUNT 1896-97.
Interest on bonds........... MJW4.5M j Divid’d Istpfd. (2 p.e.).#10d,000
Ber.tal*. etc ..................... 19,9281Bat, surplus for >ear.. 231,087
Average m m - »p «n tt«d ..
265
®J3
285
283
Piu«i-n**r» earrted
...
293.418
2.*- 4.753
213,524
225.9R7
F w « e e « > n ear’d 1 mile.* 9 .1 «.’ ,253 l o .f 29.271 8.465.632 8,779.280
Heo'pE-per
M il.
2‘47 els,
2*1* tu*.
2 ‘3U el*. 2-59 ess.
T o n * freight CAtrfrd.......
481.7**6
171.7-9
477,561
438.4-8
T o n * D elkftt e a r'd 1 in lle 3 8 .0 * 9 ,3 7 9 3 5 .8 0 q 8 2 8 37,8ft .'. i V J 3 8 ,0 9 5 .3 5 3
Bab-p«r t>«i per mile .. 1-394 <;!•*. 1*530 itt».
IVfunff*#
$
1 ISO at*.
8
1-310 eta.
$
P r « K - m .,;.........
5 3 1 ,0 6 7
5 18 .98 ft
5 5 1 ,0 3 7
5 2 3 .3 0 8
P * * * .m « T .......
283,008
231,805
211.709
227.210
0 0 3 .5 1 2
8 6 9 ,1 1 5
8 4 3 ,5 5 8
2 * 1 ,« Q 8
8-UHM
152*130
13
8*
24 M I t
7 » ,3 0 7
1 9 0 .0 8 3
1 22 ,#9 1
2 6 5 .7 2 1
2 9,* 03
6 1 0 ,3 2 9
3 6 8 .7 8 6
1 7 9 ,2 0 0
6 1 4 ,9 6 2
22**0-96
MaU.exp a.iul into el.. .
T o t * !., ....
.
n -tM im o f w i > y ___
of
C«>a4aotta< in u ia p o r t ..
O e o e in l e x »n d i b x m .*
A
t m r n 1.
t& tm r m i
oa
B ala n ce
h *ym i3
......
m irp tm
*....
QSMM UAh
105,877
5 90 .70 7
17 M 7 B
9 2 ,9 5 9
Hoad and equipm ent. .#6,r,t6,U>3
Material and supplies
on baud ......................
30.210
Mtsoeil In vestm ents.. .
1 ,7 9 3
1 0 3 .7 7 3
G m tt with Tra*. surer.. . .
Cash fo r Interest___. . .
91,303
Xtt tra n sit ______ _____
11,514
Duo from agent*. A c .,*
13.531
1 1.5 52
Due from V. §. G o v t ...
19,576
Doe from tod. and ns's,
Wnspense auuuunts
7 .2 3 2
T. A N. K. BR, bond*..
79.912
7 9 ,5 8 0
BSI.XXCK SHr-ET
,4 tiefs—
tN-thpr's bonds owned.
93,241
J V t lK
90.443
Totatn.it lueom e......
186,308
fates*e «f on bfttttt*- ............., .122,4*0
M
i a
. . . __ ....... . 2,962
160,958
15 3 808
*2,00 3
Balaam , snrpltt*.. — . . . . . . . 60,941
35,147
KALAXCR -tIKET JOKE
Assets.
. .. . . . . .
...........
30, 1890.
L ia b ilitie s —
T ota l..................
160, 58
<72*01 >
30,
179.972
(76*61)
238
129,447
(77-12)
159
130,310
124,260
.. ...
129,606
124,260
4,086
5,950
1,260
1 89 7 .
L ia b ilit ie s .
Road and equ ipm ent..-$2,997,080 Common stock ............. $7on,ooo
Honda (see S o w u m 'D . 2.250,800
Stock of Lou. * Mies
1 0 0 ,7 4 2 .
HR, T r a n s fe r .............
10,000 InPTeot on bonds ac1 3 6 ,1 4 ft M oterlM *, e t c ......................
30,518
lft,:>58 ern o d .n o i d u e .. . . —
2 7 3 .7 0 8 Cush
72,828
..........................
1 8 1 .6 8 6 Sopp ies. taxes, e t o .....
40,5 71 Sundry debtor*
20,793
21.897 i Other railroads.
,
6 8 ,2 7 0
Biotloe Rgcwte, e to , —
18,74*2 llaplaoem’ t of roli’g at'k
6 5 0 ,1 6 6
34.051
M ls e r U r u v m -.....................
2 6 ,7 7 6Mlucellai-eous . . . . ------95,278
Net revenue a oeou u t...
1 9 0 ,8 8 5
8 3 1 ,0 5 1
Capital at- ek—see Bur
#2,768,000
n s , * m n .........
Funded debt ..........
3,611,O(;0
Equipment o « t e » .........
83,467
r .x- - accrued, nut due
15,300
! lo t. due and u n p a id ..,.
91.303
i Audited votlUiiefa.........
21,890
: Pay ro lls........
28,839
Wage* uncalled f o r ----1.J61
Due connecting H u es...
36. '73
snap, cross tt« aeeount.
2,782
2 7 .0 0 0 I Reserve fu n d * Way and structures..
52.708
25.000
| Equipment .................
,
1 Profit and l o s s .. ...........
172,060
T o t a l............. .........#6.918,682
- V . 63, p. 794.
Not i-irm iic- ............ .. ■19«.3'*3
P. c. Of of*, ex p . to -.irsiinK- . ( 0*82)
GtU&r incom e. — . . . . . ... . ,
#6^082
Total............................#3,272,589
—V. 63, p. 650,
T ota l............................83,272,539
N e w Orleans & North Eastern Railroad.
f Report f o r the Year finding June So, 1897, J
Prend nt Harvey says in part:
Earnings.—The decrease in earnings of $196,465 is disappointing, but the previous year's earnings were $199,959
more than for 1-94 95. Passenger earnings show a decrease
of $16 797, or 7-82 per cent. Frefghttraffie shows a decrease of
$86,183, or 7-99 per cent There is a decrease of $83 4«1 in
coal and $28,469 in lumber, against which there is an
increase in cotton and pig iron. Pittsburg coal by river has
largely supplied the New Orleans market in the past year, as
against Alabama coal by rail, owing to the very low price at
which Pittsburg coal haa been Belling. The lumber industry
has been very dull by reason of the general business depres
sion throughout the country,
THE CHRONICLE.
618
[V ol. LXV.
BALANCE
Physical Condition.—The report says in p a rt:
Of th* 195 uiil *• of inaia track, 185 miles are tai l with 00 lb ste«l
rail# and l> tulle* w.th 75-lb. steel rail* There are 2.565 lineal feet
of iron brldKe.* and >8.270 lineal feet of w >o len bridges and treaties—
in all 6 J.8.-I5 H eal feet (11*5 8 tulles) of bridge structure. This In
cludes Lake Pooteliartralo creoaorel trestle. 30,206 lineal feet
(5 72 miles). There are also 245 lineal feet of open drains. During
the year there were laid In the mailt track 1 1 miles of t.ew 75-lb. steel
rails in replacement of old 60-lb steel rails; 4^ miles of main track
were b iltasf»d with gravel, and 5 miles with cinders-all to standard.
1 ’7 ■ es of track are now fully ballasted, leaving about 52 miles
yet to be done. 8i«»ce Jan mry. 1884, 63 trestles have been filled,
and 81,446 lineal feet of wooden trestles (Including L«ke Pnntcbartrain approaches) have been replaced by permanent embankments.
6 222 lineal feet of timber revetment Were constructed to protect
Lake Pont char train embankment from the action of the lake.
The road is equipped with 42 locomotives. 2 1 passenger, mail and
b iggauo cars. 1,623 freight, c *al and other cars, 54G of the freight
cars being equipped with air brakes and 993 with automatic cou ders.
Although earnings fell off.it was considered advisable to continue
the Improvements, such an balUatlng. widening the embankments,
building additional side-track, and equipping freight cars with air
brakes and automatic couplers Maintenance of way expenses in
clude the cost of s pecial work to a total of $121,370. inciud'ng the
replacing of 10 64 mile* of 60 lb rails with 75-lb rails, $24,92*;
additional sidings. $9,976; ballasting, $70,519; widening embank
ments, $1 i . 205. etc. Motive power expenses include $ 2 1 ,6 ( 0 charged
for lhe replacement of engines. Maintenance of cars includes, in
addition to general repairs, the cost of 17 coal, 3 flat, 3 b x and 7
fi uit cars of 30 tons capacity, credited to replacement fund, and of
fquirpirg 102 cars with air brakes and 337 cars with automatic
couplers.
The roadway, structures and equipment have been fully maintained
during the year and aro in good condition.
Earnings, expenses and charges were as below :
SHEET
JU N E
30, 1897.
L ia b ilitie s .
A $ seh .
Cost of property.........$10,237,092 Common stook............ $1,601,502
Material.etc..on hand.
21.651 Funded debt............... . 7,767,235
Sundry debtors..........
15,117 First raort iat. due
and unpaid...............
1,911,697
Station agents and
11,922 Third mort lut. due
conductors ..............
625,356
and unpaid ............
Cash on hand i i bank
and In transit..........
95,206 [at. aoorued not due..
178,789
Other railroads..........
9,187 Supplies, pay-rolls, etc.
91,476
Investment acoount..
24,531 Rolling stock fund . . .
58,452
Reserve f or Red Riv.
Bills receivable for
1*nd sales...................
5,901
18,000
bridge. .....................
618,712
Trustee land mortgage
6,463 Laud sales....................
5,901
Net revenue acot......... 2,453,008 Miscellaneous.............
Total...........................$12,880,118
-V . 53, p 651.
Total........................... $12,880,118
Rochester (Street) Railway.
( Earnings for year ending June 30, 1897.)
The following statement compares the results for the last
three years and shows the balance sheet of June 30, 18 16 :
Yeart, e n d i n g T u ne 3 0 Gross earnings....... .............. . . .
Operating expenses ......................
1897.
$
1894-95.
*
203,6^9
b35,595
89,4u6
1893-94.
$
210,452
1,000,614
82,004
Total earnings............ 1,313,253 1,414,720 1,223.760
Oper. expenses and taxes 1,014,827 1,052,749
988,538
1,293,070
1,'>61,088
Net earnings................., 298.426
Per cent of exp to earns..
(’ 7 2))
1,236
Other income......... ..........
366,0 71
(74*1 V)
1,115
240,222
(30-45)
1.015
223,932
02-29)
362
Total............................. . 299,662
Int. cm prior hen bonds...
79,2 U
Int. on first uiort. bonds.. . 300,-100
368,08 i
79,200
300,000
241,237
7M.20O
300,000
22 >,34 l
73,941
300,000
11,114
137,983
144,597
Balance, deficit........... .
79,518
BALANCE SHEET JU N E 30, 1897.
A sscls.
.. ..$10,939,071
Cost of _
Materials aud supplies
58,609
Agents and conductors
58,447
Cash................................
66,550
Miscellaneous..............
1**2,997
Net revenue account.. 2,650,604
L ia b ilitie s .
Common s lo c k ..............$5,000,000
B >nds see (3UPP.)......... 6,320.000
Accrued Int. not due__
169,800
A N .O .f& lM R .ac’ts. 2,196,063
For supplies, taxes, &o.
85,234
Miscellaneous.................
105,230
1895.
$
821,725
491,937
'
Net earnings............................. ... 265.146
Other income...................................
306,009
9,279
329,788
18,945
Net Income .............................. .
Inter, st, rentals and ta x e s.......... ... 301,023
315,288
299,290
348,733
308,585
Balance for year . . . . . . . . . . . . def.27,870
sur.15,998
sur. 40,148
EARNINGS, EXPENSES AND CHARGES.
1396 97.
1895-96.
E 'm in g t—
$
$
214.S06
Passengers.......................... 198.00 4
Freight
......................... 1,014,874 1,'03,008
Mail, express, etc.............. 10 >,370
101,906
1896.
$
880.117
574,108
GENERAL BALANCE SHEET JUNE 30, 1897.
A n sels.
L ia b ilit ie s .
CQst of road and equip
Capital stook ..............$ 5,000.000
ment........................... $ 9,878,999 Fuuded debt...............
4,495,200
Stocks and Bonds of
Lo ms & hills payable.
23 4,803
other companies___
167,500 Open accounts..............
46,325
Supplies od li md........
16,194 Aceiled, interest, etc..
72,139
Open accounts ..........
7,958 Special acoounts ___.
122 202
Coupon accounts........
19,316 Coupon accounts.........
19,316
Cash on hand...............
7,313 Protit and loss surplus
10 7,300
Total assets....... .......$10,097,285
Total liabilities____ $10,097,285
Since Jane 33, 1893, the profit and lost surplus has been
decreased from $5 >8,234 to $1)7,3 )0 and the item “•special
accounts” , $123,2 2, has been introduced into the balance
sheet Loans and hills payable in 1836 were $148 0
V. 64
p. 470.
Metropolitan Street Railway, New York City.
''Report f o r the year ending June SO, 1897.)
This company, w hich for several years has been the oper
Total assets........... $13,876,328
Total liabilities___$13,8715,328 ating com pany o f the Metropolitan Traction system [its en
Y. 63, p. 650.
tire capital stock b ing owned by the M etropolitan Traction
Co.] in September, H97, took over all the property of the
Vicksburg Shreveport & Pacific Railroad.
Metropolitan Traction Co., the T raction Co. stockholders then
becoming the stockho dirs of the Street Railw ay Company.
fit-port for the year ending June 30,1897.)
Through this transaction, also, the Street R ailw ay becam >the
President Harvey says in part:
owner o f various securities, the incom e from w hich is not in
Earning*.—In April, 1897, the Mississippi River rose to the cluded
in the statement below. On the other hand the Street
unprecedented height of 52*5 feet on the Vicksburg gauge,
and on the 16th April the levee, two miles south of Delta, Railway is about to issue to the Traction stockholders
broke, flooaing the track for about 17 miles and suspending $6,000 i-OO of debenture certificates that w ill draw interest
ail through traffic until May 26. This disaster seriously a f upon the completion o f improvements now in progress. Resuits for the late fiscal year compare as follow s:
fected the results of the fiscal year, as at the end of March
T e a r s ‘-n e tin g J u n e 3 9—
1897.
the net earnings showed an increase over the previous year Gross
earnings..............................................$8,888’,R03
of $10,671: whereas, at the end of June, they show a de Operating expenses .......... ......... ................ 4 , 8 1 0 ,2 )5
crease of $-1 6 .3, although special efforts were made duriug
N etearniugs............... .................
$ 4,0 ’ 8 568
the time of the overflow to reduce expenses.
Other income.............................................
5 1 5 ',803
Physical Condition.—The report says:
Since June 30, 1R86. the length of w
trestle, has been re 1uned
from 56,778 lineal fe-t to 4<>,718 lineal feet, and 22s openings closed.
Tile road is equipped with .6 loc >m itlves, 17 passenger, mad and
baggage ears and 6 -5 freight and other car*. 461 freight o ira being
equipped with air brakes and tW2 freiglitoars with autom -tie couplers.
The main track is all laid with bo lb. steel rail-. There are s-2o’
miles of bridge structure on the line botwean Delta and Shreveport of
which 2,28a feet are Iron spans. 208 f -et wooden truss bridges, and
40,748 feet wooden trestlea.
Maint'-nar c ; of way sli iws an inorease of $17,637, of which $6,200
waa for ropalfiuir track damaged by Hood; 1 1 ,s07 additional cross ties
were used in renewals at a cost of $6,665. The expenses for the year
include betterments to a to-al of $ i3 , 00. mem ling new culverts, flu.
lug trestles, additional sidings. fencing and widening curb mkmen-s.
Maintenance of ears includes th« coat of live freight cars credi ed to
replacement fund, of four fl it. six coal and 6 ty six stock cars rebuilt
as box cars, and of equipping 77 cars with air brakes and 68 cars with
automatic couplers.
There has been no expenditure on capital account.
Earnings. —Following is a statement of ths year’s earnings
compared with thore for previous years :
EABNINGS, EXPENSES AND CIIAKOES
1896-97. 1845-96. 1894 93. 1893-94
Miles operated...................................
171
171
171
171
E a r n i n g .—
*
$
$
$
Passengers........................................13 1.6 17 140,309 134.494 141017
Freight .............................................325.542 3 r3,080 355,245 3 1 9 V 26
Mail, express, etc...................... .1 1 3 ,7 8 0
105,422 90,3 5 89.554
Total............................................. 572,929 55s,8 1 1 5 8 0 ,1 1 4 5 5 0 U 7
Operating expenses and taxes ...425,e80 407,128 4 28.60) 421.681
Netearnlngs............................... 147.049 151.683 1 5 1 , 5 1 1 128.536
Per cent of expenses to earnlrgs . (74-33)
(t2*t6) ( 3-88) (76 H4 r
Otlieriucomc....................................
1.656
1,2 6
3,212 4 7 ,2 1 2
Total net income............
...................$1,594,371
D e d u c t—
roterest on bonds........ .................................
470 000
1896.
$7,342,878
3.985,371
$3,357,507
560,6 55
$1,918,162
£ax?s,
- ...................... .................... ■■■•■ 513’,449
Rentals, etc _____________. . . . . . . . . . . __ _ 2,171,801
320,000
417,931
1,714,052
T otil...........................................................$3,155,250
Balance, surplus for dividends........ . ——.$1,439,121
Dividends
(?)
$2,451,983
$1,466,179
$1,252,500
G E N E R A L B A L A N C E SH E ETS JU N E 3 0 .
A ssets-
1897
Road and equipment...................................... ® \2 0 5 0 989
Stocks and bonds of other corporations .. 12*075*668
Due from leas *d lines acct. improvem’ts
1421751
Supplies on hand ..............................
158 0 91
Open arc >unts........................................ IV.IY.
240*831
Construction, e t c ... . . . . . . . . . . . . .
hrr' qot
Cash on band .a.............. ......295*013
1893,
$30,535,536
26,223
u M u tisV -'......... ..................... .............n t m & B
$32,782,961
Capital stock . . . . . . . . . . . . . . . . .
...
$ 3 0 0 rt)onn
Funded debt................................... . 7 .............
9 400 000
$16,500,000
9,400,000
Interest duo and accrued ....................... _
Dividends and rentals accrued. .
*”
Open accounts .................................. .
Fiofit and loss, surplus.. . . . . . __. . . . . . . .
140358
qo*5«5
9 9 9 000
1332*48 9
72,604
1,704,831
443,767
140,858
90,535
5,509,039
1,142,499
$32,782,961
New York & Rocktvway Beach Railway.
f For the year ending June 30. 1897J
Earnings for the late fiscal year compare with previous yea
Total net income...................
148,705 152,889 154,726 165 7 4 8
Interest oil bonds..............................4t0,499 410,499 310,524 4 13)769
f
o n 6 ,™ad ,ls Principally a passenger line. T.
Long Island RR. Co. is lessee of the property and gutrante
Bilanoe, deficit..........................
261,794 257,610 155,798 240,'<20
the hrst mortgage bonds, of which $984,0 !0 are outstanding
THE CHRONICLE.
Octobek 3 1897. i
EARNINGS, EXPENSES AND CHARGES.
1 3 9 6 9 7 . 1895-96.
1891-95.
$
3
3
231,860
238,702
225,100
219,602
39,728
2,656
64,961 Jet*. 6,833
2,550
2,7oO
5.493
2,425
42.384
49.199
67,661 def. 4,283
49,300
43,450
7,923
43,900
Gross earnings......................
Expenses and ta x e s ............
214.240
174,512
S e t earnings....... ..............
O tter Incom e....................
T o t a l.:..................................
Interest on bon ds....... .........
256,127
191,166
1893-94.
619
“ Malt is manufactured from barley and is indispensable
in the operations of all brewers and vinegar and yeast
manufacturers. It will be the aim of the company to
mannt'acrn.reonly the hi'best grades of m ilt and to so system
atize the business and curtail expenses as to manufacture the ’
product at the lowest possible cost, and thus be enabled to
increwe profits without increasing cost to consumers,
“ The malt houses purchased include those heretofore
owned by the
Milwaukee Malt & Grain C o „ Mil
wa> k*-e. WIs ,
Kraus Merkal M ating Co., Mil
Liabilities.
waukee. W tf„
Angels.
Cost o f roa d -...................$2,1*24,399 Capital stock .............. $1,000,000 H aa-on H o> & Mait Co., Mi!
384,000
wankee. -Vis ,
Cost of equipment........
780,001 First m ortgage b o n d s..
Due by iun.nita...............
4 ,*“*4*2 Incom e b a u d s............... 1,000.000 A. 3 uwiU & Co , C hieiao, m .
16.400 Carden Malting Co., Chi --go. 111,,
Open aceoit.'fs...............
21,003 Interest due and scor'd .
8,000 W H Put cull * Co,. *BiC3gO, t
Cash on h a n d ................
7.615 Loan* anii bills payable.
18.*28 Hales & Curtis M alting Co., ChiProllt and loss, d e tl: ’y . 100,207 Op. n accounts...............
o go. III..
Vouchers and pay-rolls.
lt»,6 1
Brand, Butlen & Gund Co , ChlT ota l..............................$3,037,897
esgo, 1 1.,
T otal............................ $3,037,897
John arden, J r „ 01,10 go, n i ,
- V . 63, p. 651.
C btc»eo Pcemnatto M a tin g C o ,
Prospect Park & Coney Island Railroad.
Chicago, III.,
B alan ce..
.................... ...d e f.6 ,8 1 5 sur. 18,461 def.52,733 def.35,977
GENERAL BALANCE SHEET JCSE 30, 1897.
{ Results fo r the year ending Jane 30, l$S7 .)
Birniugi for the late fiscal year compare wi t a previous
years as follows:
KASHIN©*, EXPENSES, ETC.
1898-97,
1895-96.
1894 95.
1893-94.
129,756
146.741
139.366
120,347
144,920
153,*207
J e t earning*................... def. ‘,413 def. 16,095
Other Income ......................... 26,155
*27.761
19,019
22,301
d«f.8,*297
18.633
10,770
41,320
10,246
30,815
10,040
2 .185
7.712
37,549
9,491
35.669
10,971
5,180
7,713
$
$
Gross earnlo g s ........................131.693
Operating expense*— .....134,069
S e t incom e —
Deduct—
.............
23,740
Internal on b on d*............... ]
**
'* float, debt, 4tc. i - . , - T a x es..............................
? 78*(" 7 '
Rentals..................................
$
13,928
7.712
8
“ The company is authorized to issue f ' 5 ,1 09.000 7 per cent
cumulative preferred stock and a like amount of common,
but there remains in the treasury *1,500,non of the preferred
and SI ,‘-50,< t 0 of the common stock, together with $2,0t 0,01/0*
as en*h working capital.
“ Expert chartered accountants after examination have
certirie! that during the past live years of depression these
concerns have earned net about $1,300,000 per annum on a
conipetitive basis. It is the opinion of the ablest men in the
trade that the net earnings by reason of reductions in the
cost of administration, etc., can be increased at least $1,00 h'kiO
p*r annum. As the dividends on the $13,800,000 preferred
stock outstanding will require the payment of but $-"5,( 00
per annum, th** prospect of early dividends on the common
woo'd sresn to be reasonably assured.
•♦Permanent organization will be perfeatel Saturday.”
Moore & Schley of lifts city are the bankers who have the
consolidation in charge.
Baltimore A. Ohio RE.—Columbus & Cincinnati Mid
land UR,— Ci/upm Payments and D e fa u lt Oct. l. -The re
ceivers announce that interest will be "paid Oct 1 as follows:
Tamp n D id.
pat able Oct. 1 by
Terminal mortem«■.. 4‘
<*»,<**>.-----Jun« I, lf®7, Brown Biw.. N»*wYork.*
ObR’- Dir, s.,iA4H of !S"7,
..Jmw I, K*7, ,1. 8. Mozvau &Co., Loud.
59,511
eiCoso
T ota l................. ................ 78,077
80.638
49,295
24,660
Balance, d eficit...................... 54,337
89383
GENERAL BALANCE SHEET Jt'NK 30, 1897.
A ssets—
l L ia b ilitie s —
9250,000
Cost o f road and equip $1,323,892 t Capital stock.
250.000
Due by agent* ............
13,890 ln«»m*- Bowls
72J*.7*iO
Funded
debt
Dae by t muj aniee, etc.
12,507
307.000
Cash on hand . . . . . . . . . . .
12.5*6 I akio* and btti* payable
13,895
Into rest on funded debt.
Pro!i; and l o t * Me24,393 C l. A Cm* ln. Mhli«n«l
ilelenoy.....................
323,366 Due for wage*, etc...
10,967
Due com panies, e t c ,....
T ota l,.........
.$1,360,041
T o ta l,. . . . . ..
•V. 82, p. 187.
GENERAL
INVESTM ENT
.$1,588,Oil
t<U
M 00
fd
y . Y .k * m Hir. 0 « * l ***** » f emu**, 4m
Nortli.’n P m id e ... Terminal t l a i m . 4*0
BnEF®■ :.^SSSSK aS10
§
Cerstml Pad!
. Penn, Mi-11aml ....
.... . Cbm. 1-2
Do
. . . . . •■ppn*Ukm m m ,
ft a D.AK y . Hrans.D
A*\ i ll
Do
.....wimkhaS&er*1tnm* >*TO | !'*>.*Do
Op
...... drpsmin :.UH, 11 '
atrsU Vermotit ....... ..r w r y , 515
Rico. N . U B . . . . ...up$«t p* i *% 2 A
J « w o v%Ateh Brt-lif#,. . . . . .plan, 'M*\ f 8am
m
lt
Branch
RR....
If.
113, l'-2
Mil. * M, Paal extra 4ir. if/i
Do
payment *•/ am* $. 306
- ' HI X. O.A Tex. IK,
Cbiumb * n c it m f& m m m Z 'm ! u X n p J n V ::.;;:.. r " £ % z . m
t tto
t S
I
i an i
Od
.............. fo n tUP*: statm. ifl>
©Sifc if. 04.—.. e --WW. ....—
Do
u nder plan, 27H
U n io n P ac. D e a r e r 4 G u lf
mm. 673
m
f
* *3
5*10 • (/. P . liiaetjln A C olora d o *
Car Co
. . . rrew*. * to
S“ 1 : C a l t o l
& L * k « K r ie .L .« .D ir > o v f* 410
SJ6 W MD L
o
Do
510, 0*3
4»* ;
. .imp, botoU emu. 516
<
402 ■ WlfK5c«s«sia Cen...
41i
St r e e t R a il w a y s .
*367 i
CnWib^rtM,%O. Noft’i* P I » 2 7
w r t m i W o o S l m m . . . ,..— Jtxd.
P4sla#are B i t , m
wUL
K 6isoa IMam. o f
L ju M - w w ? .
Bmmltt^&arsf RI4.
. ... . . . » It.
Sf|Oitm6l«Ott» (N , Y .). .. .4*pq *U».
Do
ptmn o f om m *.
Term inal H r. , ,
fr/rtcL
lo te n ia tio fm l D e T elop rot. . . .
l a M l C-entrai
...... r*or?. 571 i
K . C, Mea»p A B IT .In f.o n itigonv «. *W7 * Volume 6 5 -
f :».«***&'■<> July 1,18JMI, Faraior^ h. & Tr.. X . Y.
Equltmetit tH>mi* Sorle- A *.t «o,oo>l , ,,Oct. 1, 1 W, Ftimnee To, of piiila.
l*fiSiticlo|pi}<a flirt*h:m
D 1607* raynieMt deforrad.
*M no at e ffim o t Brown, 8hlpl«*y «% Co., In London* Intorost at 4*§
p er cent will, be pisitl o tho coupons during default.
NEWS.
Reorganizations. Etc. —Latest Data an to Defaults. Reorgantta tor< Plans, paym ent o f Overdue C 'u p trn, f i f e —All
facta of this nature appearing since tie publication of the last
issnefl of the I nvestors' and the Street R a il w a y S c iti .em* sis may be readily found by means of the following index.
This index does n vt Include matter in to-day's C hronicle.
R a ILROAliS St MISeKuCO'S ( Con.).
ItAfl.RO Af*§ AJU> M m i s l C o '<*.
T o lu m e 65.
P age.
V*
Pay*'
■
American Ihsb, C m & tx,.. m em S S P ,
. »m*. 2W«
Do
<$o
mm ml tm*. 233 Mitten A mMiPem
Atch. Top. M&■- Pont.mu
n, M. Warner Co., Syracuse, NT. Y ,
Estate o f Clias. G. Cttrtiss, BuffaloX. Y „
H ow ard Vortliwood Malt MTg Co.,
Detroit, M ich ,
S 'hnsen Malting Co., Hamilton, 0 ,
L. I. Aaron Jr Co.. Fittaburg, Pa.
J. Well Ma U g Co.. Pit, si>nroi pa.
Vm. Buekbett Malting Oo., Watertown. Wts.,
E ar o f Jacob We-ettler. Erie, Pa.,
W, D M atthews M alting Co., LeR or, ST. Y ,
O. A. st, idler, Yew Y ork City,
New- York <fc Sr oklyn M ailing
Co , New York City.
Fcw«.
Ks €~ Pitt*. 4 OaSf ., ,m Mcoup, mi Ccmucda St Rf., Or Rmpl^.* c««fn 807
A cietff H it . ? «cnw. SW? Wagfaw*a Mimfa mm4Ch#0.)-ml*.'851
B.Wlttliri4Untl HMr, Co, I r«r^, 571 ladiaoat*. A»*:lef»«>Rtt M. ...ftfcWT, 412
jfj»acR«ter
Iuum lea
. .. .. *ottf. i 12 Llaeo.a St. Rt. {Xph,).plan accept. 412
Ln.A Na-Ah.!/-* -./>.%o.
337 - MffKomp. Oaoo* AW>l.St. Hf o<»rt.
f£, p*
Madison Sqaare ilstrtlefi,.,., .twr-i* 105 Saarlnaw Coo. St. R fM.t4m« /'*r dtp. 6.2
Mjtraball Coal,-----..... ....... Ml*, #13 ■
American Malting Co.—Mutt Comu tid itiun abmit Compteiert.— New Securities.—The American Malting Company,
with authorized capital stock of $3 >,0* 0, 0 >, wa» incorporated
this w«ek nn.ler the laws of New Jersey, to consolidate over
twenty malting properties.
Tho following is an official statement:
“ The organization of the American Malting Company has
now been fatly completed and the transfer to it of over
twenty o f the largest and best appol* te l malt houses is
practically completed, care having been taken to secure only
such as by reason of their large capacity, their location and
facilities for doing business can be operated at a minimum
of cost.
The receivers state that they will not ply the interest on
the PtnUdelphi» Division bonds, as to do so they would have
to pay twenty-'our months’ interest on these bonds out of
nineteen months' earnings. This is in accordance with their
policy announced in May, 1*97 (see V. 64. p. 1046). of not
paying the interest on divisional bonds until the amount has
been earned As soon as the Philadelphia Division earns the
interest, it will be paid.
As regards the interest on the Columbus & Cincinnati Mid
land bonds, the Htnchmae committee has, by the advice of
counsel, refused to acc-pt the payment of first mortgage
coup >ns, due July 1, 1896, The committee claims that the
offer is not acceptab'e, and therefore bonds held by it will
not be presented at this time.
Suit Touching Colummta «fc Cincinnati Mtd’and Interest.—
The receivers of the Baltimore & Ohio at Baltimore on
Thursday filed an answer to the suit brought last February
by the Ge rm * n-America n Fire Insurance Co. to compel the
receivers to pay the interest on the $ ’ 00 ',000 first mortgage
bonds of the Columbus & Cincinna i Midland RR. Tbe insur
ance company claims that the receivers are liable under a
lease between the Columbus & Cincinnati Midland, the
Central Ohio and the Baltimore & Ohio and an agreement
between the latter two.
Tim receivers in their answer say they have made a de
posit with the Farmers’ Loan & Trust Co, of an amount
sufficient to m— t the interest due in July, 1896.
This is the
only money now available to pay interest on the Midland
mortgage. The receivers say they are not bound by the
lease or the agreement and deny that the Court at Balti
more has jurisdiction as to the funds of the Central Ohio.
The correct method, they say, of securing the accounting
asked for is through the trustees of the mortgage.
Receivers' Certificates.— The report to the Court shows the
following amounts from receivers’ certificates spent during
July and on hand unexpended Aug. 1.
T e r m in a l
Series 1.
Spent ID July.,......... ...........$<7,098
AO*.
...................... 24,665
Scries IT.
Series I I I .
110,826
5X9,369
0 4.670
$33,-59
Fund.
S2<>,382
371,545
Series II is the Maryland Construction Co. issue and Series
III the Pitts. & Conn certificates.—V. 85, p. 515. V ; (5-1 p, 707.
Brunswick C o m p a n y Majority o f Stock Deposited.—The
reorganization committee announces that a majority of the
stock has been deposited and the plan of reorganization de
clared operative. All stock must be deposited with the Con
tinental Trust Company and first assessment of $1 per share
paid on or before Oct, 5. After that date stock will only be
received upon such terms as the committee may prescribe.—
V. 68, p. 570,
.':.*r:
620
THE
CHRONICLE,
Capital Traction, Washington, I). C..— Power House
Burned.—This company’s central power station, a six-story
building, was destroyed by fire on Wednesday. The I093 was
heavy, but is covered to a considerable extent by insurance.
The building contained bes-ides the power plant the com^
panv’s offices and a number of cars; also offices occupied by
various tenants.—V. 04, p. 1088.
Chicago Gas.—People’s Gas Light and Coke.— E truin']#.—
Ex-Governor Flower has substantiated for the Chronicle
the following statement, which appeared in the daily press:
“ As to Chicago (* »rt, the report th it the o 'inn my is not earning its
Olynleurl U absolutely 11 tru-. The fict is ih it when toe comp my
wan bn nit* **tl with all of it* lawmits and I i vyer-*'
it earne • 5*$
percent Th^ company did not pay any dMdendft f »r »w yotrsbefoie the reftunii'tiof of the h per cent rate. In th it itn** it accumulated
over $l,V'0.ouO i •cash, equal to G per cent on the o pi'al nto k to • a
.year. Hus leaves It with enOuKh cnsli on h •nil to coni in 11** on a 6 per
oent basis for ►ix >eara 10 come, even if bv n y possibility it •*11 •y
eari i d t) p«*r cent per annum lu that time. But the directors relied on
th** lucre*r*e in tli** earuimrs and the decrease i* expens s .a f er the
con so 11 laiion to e *rn tile ftitl 6 pe •.eat. Their expeetatio >s are in *re
than realized. for th * 0 inpany is now earning mor* rhan d p«r oe it.
There is no possible chance for a decrease in ihe dividend.” —V. 65, p.
277,572
Chicago k Western Indiana HR.— B o t h Colled. —F rst
mortgage bonds of 1879 to the amount of $^7,0 0 have been
called for payment Nov. 1, 1897. for the pinking fund, at the
office of J. P. Morgan & Co., at 105.— V. 64, p. 1085.
Cincinnati Jackson & Mackinaw Ry.—Cincinnati North
ern ItR.— Detroit Toledo & Milwaukee RR.— Detroit &
Lima Northern R R .— Organization and Beorganizition.—
Dist ibutioii <f Securities.— The Olcott Reorganization Com
mittee of the Cincinnati Jackson & Mackinaw Railway
Company makes substantially the following announceuient:
As provided in the plan, the property, after foreclosure sale was
divided into two parcels. The f i r s t parcel, ext tiding from Toledo via
Dundee to Allegan, with equipment aud other personal property, was
conveyed to the D e tr o it T o led o d .if lw a n k * e UR. Co., a new company
formed for that purpose, having a capital stock of $1,500,000,
and lirst mortgage 6 per cent bonds, $1,500,000. dated August 1,
1897. all of which bonds aud stock have been sold in bulk to
urchaaers interested in the Detroit «fc Lima Northern RR. Company.
'n the completion of auch purchase the proceeds will be distributed
pro rata among li ddera of the certificates of deposit of the old Cincin
nati Jackson & Mackinaw bonds, in lieu of $1,500,000 of the prefe red
stock otherwise to have been distributed. In case such sale is not carried
out, the securities of tlie Detroit Toledo & Milwaukee RR. [which
meanwhile are hold by the Central Trust Co.] will be themselves dis
tributed to the holders of said certificates of deposit.
The r e m a i n d e r o the property lias been conveyed to the C in c in n a ti
J U o n h e m R R . Co.,which lias completed its line from Addison Junction
to Jackson, Michigan, and acquired a valuable terminal in the city of
Cincinnati, and la now operating its road from Jackson. Michigan, via
Addison Junction and Franklin, to the City of Cincinnati, about 250
miles, leasing trackage between Franklin Junction and Cincinnati.
This company has authorized the issue of $l,500.n00 new bonds,being
at the rate of $2,500,00 on the railroad and equipment and $2,000,000 on the Cincinnati terminal, and preferred and common stock to an
amount sufficient to enable it to ca»*ry out the provisions of the reor
ganization plan, and also to complete the Cincinnati terminal. The
word ” Terminal” may be included as part of its name.
S
On and after Sept. 30, 1897, persons holding certificates of
deposit of the Cincinnati Jackson & Mackinaw Railway
Company’s securities will be entitled to receive:
F o r e a c h $1,000 b o n d o f C. J . d J{ . —
A m o u n t.
Certificates of interest m Detroit Toledo A Milwaukee RR. stock
and bonds or the proceeds thereof (see above), 36 per cent,
equal to...................................................................................................... $360
Cincinnati Northern RR. 1st M. 5s, 30 per cent, to be accepted at
125, equal to ..........................
t2t0
Cincinnati Northern RR. Preferred Stock, 34 per cent at par........ 340
F o r e a c h $100 s h a r e n f C . J d J#.—
Cincinnati Northern RR. common stock.....................
20
tlnasmuch as such Cincinnati Northern bonds form a portion of an
issue, and the sale or the entire issue is in negotiation, the right is re
served for the 1 oard of directors to include these bonds end distribute
to the certificate holders the proceeds of such sale p r o r a m .
Pending the issue of the bonds and stock .temporary certificates will be
issued in all of the above cases, such certificates to be convertible into
bi nds aud stock as above provided wheu the loan of $1,000,000 due
to tlie Central Trust Coin pan v, Trustee, for advances made b the
committee on account of the expense >f acquiring the Jackson exten
sion and the Cincinnati terminals shall have been paid.—V. 65. n 70
565,571.
[V O L . L X V .
and equioping the road and settling with creditors. It is
estimated that to complete the road will cost about $2 (>05,000.
Th •second mortgige bo ds will be used to cover 1 1« amount
of monev which has already been spent in the work done so
far. It is e6tima'ed that this amounts to more 'ban $1,000,000.
Under this plan the company will have a balar ce of bonds
for future lequirements. The “ Baltimore Sun” says:
It Is estimated that the Baltimore division,extending from Saratoga
and Howard streets, to Ellleott Citr. a distance >f nb nit I0 miles, can
be finished hi six weeks. Most of the traek is already D i d. but the
overhead wo k is y - t to be pur. up. Mo work h is been doue on the
m iddle division runniDe from a ju id lon with thamatft i e *r OatnnsStile ro Laurel, ahour 13 miles
The Washington eu.l, extend! ig from
that o i y to the d istrict line, has been com dered a-id is in peratlou.
r roin ih « Dlstrioo Hoc to L mrel the ro .d b e d h is been graded •ud part
of the traek laid. P will t<k« a'WDt three months to put this nart o f
the ro id in cooditiou to he operated. The Wasliingt n divi-ion to
La ir-1 Is eh wit s ! x t ‘ en miles look. I’ wo power lio e s t , which w ill
furnish the power to tun the road, were n e ir jv com pleted wneu the
enterprise collapsed in September, 1896.—V. 64, p 1226.
Columbus Hocking Valley & Toledo Ry.— tension of
First M rt r g e 7s due Oct. 1,1837. at 6 per cert,' in G l 1 till end
o f Receivership.—The United States Circuit Court for the
Southern District of Ohio, Eastern Division, has authorized
the receiver to ext nd the Columbus & Hocking Valley RR.
7 percent bonds due Oct. 1, 1897, until O :t. I, 1898, or for
any longer period during which the property shall be in the
custody of the Cmrt, at 6 per cent per annum, such interest
to be payable in gold coin o i Aoril 1 and October 1.
Messrs J. P. Morgan & Co. announce that at the re
quest of the receiver they are prepared on presentation of
the bonds at their office to stamp them as continued under
this arrangement. This offer may be withdrawn by the
receiver at any time without notice. The coupons due Oct.
1, 1897, on these bonds are payable at the State Trust Com
pany. 100 Broadway, New York City, F. J. Lisman offer-s to
cash tne extended bonds at par and interest until further
notice —See advertisement in another column.— V. 65, p. 411.
Detroit Gas -C on trol Purchased.—The firm o F Emerson
McMillin & Co., of this city, has signed contracts for the
purchase of over hree-fourths of the stock and bonds of the
Detroit Gas C >. of Detroit, Mich., and an organization will
be perfected within the nex few days under the laws of that
State with a capital stock of $5,000,0 0. Extensive improve
ments are contemplated by the new company.—V. 64, p. 287.
Detroit Lake Shore & Mt. Clemens Ry.— Mortgage fo r
$260.000.—Tne company has made a m rtgag- for $360,m 0 to
the New York Security & Trust Co. of New York as trustee.
Fairmonnt Park Transportation.— Bonds Offered—Dick
Bros. & Go. and Edward B Smith & Co., both of Philadel
phia, offer for sale at 105 and accrued interest the $5on,000
first mortgage 5 per cent gold bonds of this electric railway
company, operating in Fairmonnt Park, Philadelphia. The
bonds are secured by a first and only lien upon the property
and franchises <f the company, including its licenses from
the Park Commission and its amusement resort. Woodside
Park. The bonds are due Sept. 1, 1912, but are redeemable at
105 after Sep . 1, 1902. The annual interest charge on the
bonds is $25,00 1 and the net earnings of the company up to
Oct. 1 (four days estimated) are reported as $71,0 w. (See ad
vertisement in another colu nn).—V. 65, p. 327.
Kentucky & Indiana Bridge.— Coupon Payment—horecl sure Decree Expectel Noon.—Judge Barr, in the United
States Circuit Coart at Louisville, has ordered Receiver
MacLeod to pay the coupon due Sept. 11, 1896, on the first
mortgage bonds. A decree for the sale of the bridge is ex
pected to be entered next week.—V. 64. p. 83.
Lock Haven Traction Co.—Receiver.—A press dispatch
says that this Pennsylvania company has been placed in the
hands of a receiver.— V. 60, p 562.
Madison Square Garden Co. -D eposits Limited to Oct.
15 —The reorg-mization committee, consisting of F K. Stur
gis and W. C Gulliver, givea notice to the second mortgage
Colorado Midland UR.— L a t Instalments of Assessment bondho ders and stockholders that the perioi within which
Payable O-t. 15 and Nov. 15.—The Oloott committee notifies deposits may be made with Messrs. J. P. Morgan & Co.,
holders of certificates representing four per ceut consolidated under the plan, expires on Oct. 15, 1897.—V. 65, p. 278.
bonds to pav on or before Oct. 15, U-97, to the Central Trust
Memphis <s Charleston RR.—Coupon Payment.— The cou
Co. of New York the second instalment of $50, and on or be pons
du - Jan. 1. 1895, from the following-named bonds will
fore Nov. 5, 1897, the third and final instalment of $5 J of be paid on and after Oct. 1, 1897, at the Chase National
the cash assessment levied uuder the plan.
Bank, New York, with interest thereon at the rate of 6 per
Rece vership to End Oct. 31.— The date for th® close of the cent
per annum from date of maturity:
receivership has been postponed from Sept. 3 1 to O t. 31.
First nod second extension 7 per cools dated 1854, extended 1880.
Papers for the incorporation of the new company, the Colo
Second tn >rtic »ge 7 p r oent bonds, on# Jau. 1.1X85. renewed
rado Midland hailway, have been signed.—V. 65, p. 516.
First m o -ig -ge reuoessne Division 4 w ear 7 per oeut bonds. ‘
Consolidated m .rig g 3 0-year 7 per cent bonds.
Colombia & Maryland \iy— Receivers D sch trged. Work
foreclosure S tit. —The appetl m ale from the foreclosure
to Be Resumed. — Reorganizati m Plan — Ju ge D oms
has signed a decree ilisch.rging the receivers of the decree under the first mortgage will be heard at the f til
Baltimore & Catousville Cons ruo ion Co.—ihe corporation term of the court, probably in November.—V. 61, p. 1223.
havir g the contract for the building of this electric railway_
m etropolitan street ity.—metropolitan Traction Co.—
and it is expected the enterprise will he promptly pushed to Distribution Oc'. G 0f stock and De, eature Certifictlei o f
comphtion. The reorganize inn comontt e. it is at-ted, has S're t Hailway Co.— Dividend.—N rtice is given by advertise
8‘ >tled ab tut $594 000 of indebtedness by a cash payment of ment in another column that on Oct. 6 the Guaranty Trust
$373,0'0, and proposes to pi.vlhe balance of all other unriis 0 °. of New Y ork and the Land Title & Trust Co. o f Philadel
puted claims on the basis of 75 cents on the dollar in cash and phia will issue to the. stockhold-rs of the old Metropo itan
25 cents in stock.
Traction Co in exchange for their stock the shares and debTne plan of reorganizition.it is stated, provides for the euture certificates of the Metropolitan Street Ry The Secissue by the railway company of two new loans—a first mort retary of State is advertising under date of Sept. 17 the disso
gage to secure $3,000,000 of 5 per oent 40-year hoods aud a lution of the Traction Company. The earnings of the street
sectnd mortgigt to semre $3, >00,0 >0 of 5 ‘per cent 45-year railway for the year ending June 3 j, 1897, are given under
bonds. Tne first mortgage bonds will be used in completing the heading annual reports.
THE
October 2, 1897.]
OHRONKXE.
The assets of the Traction Company, in consideration for
which the Street Railway Company will issue the 20 per cent
in de »utura certificates (total issue $9,0 0. >’0). are now said
to embrace the f blowing items instead of those previously
reported; the company’s officials, however, do not verify the
statement:
A w t*—
Total lento.
Assigned
Second Avenue RR. sto ck .........................$1.>*0 ,<>■ 0 about Ct.34O.O0U
Central i rosstown RR. stock......................
M etropolitan Cossunvo RR and Broadk ,.j S infse* BR I * Is..................
80W 0
600,010
C entr.il P ark N\ a- B R iv e r R R . s tock . . .
P o r f ? s e c m d S t.& G rand 3 t F e rr y R R atk.
l.SOO. 0 0
7 4 8 ,0 0 0
a*«pa*t”
a ‘ part”
6C0.D00
o v er 400,000
Cash
................................................................................. about 1.700,0 0
Im proved e ltr real e * ia te w orth about.,.. ...............................
27o,o00
Total property a n d ca.h equal to about. . . . . . . . . . . . . . ------- $t ,001,000
The reason for deferring interest payments upon the de
Denture certificates is stated as follow# : *• The Metropolitan
Street ft til way Company has on hand, with the money as
signed by the set tie meat of the Traction Comp my. in the
neighborhood of $7,009,'on cash, for which bonds have been
issued, which mouey is being expended in the improvements
of cna property. The improve I facilities being created will
begin to earn in December probably, hut the large developmeat cannot tB made for a considerable time thereafter, and
the stockh dders of the Traction Company were asked to
forego interest upon the certificates of intUb'ednew uatil
nexteaatmt-r, when the new Improvements will have largely
increased the earnings,” President Vreelund says: “ By this
merging of the Traction Company into the* Metropolitan
Street R ailway Company we will escape the doable tax .id n
w. Job has been imposed on a*.
The capital stock and
dividends of both companies have been taxed and under the
new plan onlv one company will pay the State tax.— V. 65,
p. 316.
Michigan Telephone Co.— 8ift4* Offered — Rosier & Co.
and Headers m & C >. offer for subscription at 1 Old' and ac
crued interest $500,00 5 per cent first mortgage sinking fund
gold bon is of the .Michigan Telephone Co . being ptrt of an
ati’ horized i-sneof $75 -,00U due July 1, 1917, Tne Michigan
Telephone Company was organised in 18 3 under the laws
-of Michigan, an 1 is the tote licensee of the American Bell
Telephone Co for the -state of Michigan, the nntnber of sub
scribers on April t last being 18,977.
See notice on a preceding page ; also full particulars in
advertising columns.
621
man, has formulated a plan of reorganization, and has
had it underwritten. Securities assenting to this plan may
be deposited with the Central Trust Co., No. 54 Wall street,
New York : first mortgage bonds deposited will receive back
interest in cash at 0 per cent to Oct, 1 , 1897,
Plane Couwared —The So udder Committee issued a plan
of reorganization in May, 1897, which was published in the
Chronicle of May 29, page 1043. The new securities, etc.,
proposed by the Brown Committee, compared with those
proposed by the Seudder Committee are as follows:
Brown,
Seudder
j. £«■/(.
icu n .
F i r s t m o r tg a g e 5 p r c e n t c o l d lio n ’ s * .......... ........$ 3 , 7 6 7 , 0 0 7 $ 5 , 0 O.'JOO
l o e x o l i . u a - l o r o ld d i v is io n a l f lr s r s ............ .
,
n one
T o a r q n i r - P o r i i A P e k i i C n io Q s t o c k . . .........
T e m p o r a r y • p c. s e c o n d m o r t g u y , s u b j . t o c a l l .
none
5 0 0 ,0 0 0
P>>r s e e m il m o r t g a g e s a b s e n y t t o o ...............................................
, ,
P n f e r r e d s lo c k , a p e r c a n t n o r -IM .n u la tiC O _____ 3 , 0 0 0 .0 0 0
2 ,5 5 0 ,c o o
,
,
, a
o f w h ic h £ .r o l d s t-e o a d t n o n g s g - b i n d s ........
**
*.....................
“
“
BUbsori jit io n .
...............
10**4 n i ! g ( (
.........................................
...............
T o o l d s t o c k f u r a s s e s s . a t p a r .................................
,
, x
...............
C o m m o n etn eu ........................................................................ 8 ,4 0 0 ,0 0 0
3 ,5 0 0 . 0 0 0
O I w h ic h t -ir s e e u n i m o r ’ e u g e s u lis o r iiit io n ...........................
“
’*
o o i u m o o s t o c k . . . .........................
.
O b lig a to r,, l u t e r c - t c h i r g e ...........................................
1 3 7 ,8 5 0
; 1 6 1 ,3 3 0
A ssessm en t
c o u n t t o b n r a i s e d .......................
9 4 2 .0 0 0
5 4 3 ,8 0 }
O f w h ic h f o r l m p o v e u i e n t s . . b o u t ..........................
, a
2751.000
3340,000
275700
4100 1
3757.000
243,000
417607
208800
417,600
8,400000
44870400
1 680,000
600000
36000
•I n.--e r n ;r y -ars to Brown pi in, forty yews In Seudder plan.
* if PiHin , A Pekin stock is not acquired. ’
The term* of exchange of o il for new securities under the
two plans are as Joltows :
— O t.o S K d ’ K i r i - s IS— .P a y i n g
AMObSTs A** rtjt.hows. Assess.Cash, M.js.
Brown Plan —
---------------------- W i t t tlKCKICK------------ -------N e w e s t N ew
P ref.
O am .
id M.
1st M •* It.',7 .7.0 0!
s i.- 0 0 ..........................None
130 $t,C00
.........
2d M 01. (t .038,0 Oi
SI. 0 0 .......................... $360 . . . .
.........
, .......
Slock Ir k .lO ) OOOi « 0 3
S3 ......................................
S e u d d e r I*la il~ -
Slk.
Site.
$100
.........
*1,125
$5
.........
$100
1-1 ixi'.iri.. «t,' n o ......... None. t$2S $1,000
......................................
2d uewi , *l,"0i>
__ $200 ....
.......
$200 $1,200
$800
Common slock, $100 . . . $t'60 ....
.....................................
$20
t F o r e a c h 3 p e r s e a t o-m i c n p p iid l n v r e c r g a n l * » U o n .
The * Wall Street Journal” on Thursday said :
A u inx-r* »t W#Btllli*<l with ib " w iw ad* »» y » : U ader the Soadiler plan
On* sccoods e.intflil till*, property. O uter n e Hrst m ortgage p an the
« 1fid* io-t* uonir.i1
. uf 1bo |ini“- r y . sec 100 sh ir.*- o f preferred stock
f t every 0 boons uc-d »l,2 5 i) o f are furred stock for 2.50 1 of oi#h
pam in. T oe w o .ods roust rest heir hope upon th -v a lu e o f Hie new
p*e er*ed -M . I.. T he reorgm i* r- ligure ih»t this will bo worth 45, on
the ground t in t ii can « 100 be made 10 pay 1 p«r oeot dividend*. At
5 4 •lor the uew pn ferreil, the present bon is would stand In at 2 5 %
j Tue only »U ert,»iiv.- for the s -ooods Is to raise enough m oney to
‘ found, se and pay 08 the llrs's at, t "tit lli-uns Ives in control o f the
1 propeitv. Thus far, how ever, they h iv e even unable to raise enough
ttiot ey to guam utce a suffl bent atuonut for now expeodUttres under
the Seudder plan.
Mashrllle Chattanooga a St. Louis ItR.— Middle Ten
nessee A Alabama RR.—Farc/ui*e A uthor ted .—Toe board
of directors of tue Nashville Caactanoog* & St. Louis on
Thursday an'h mz-sd President Thomas to purchase the Mid
dle Tennessee & Alabama road running trom Shelbyville,
Teem , to Decatur. Ala.. 32 miles, with et'ension projected
and partly built. The price paid is not announced. President
Thomas is qn Red as saying: "O ur road at present c ouuects
with it at Fayette.ilie, and I see no use in badding the line
See a Ivertidement in another column.— Y . 65, p. 413.
any farther toward Nashville. However, there have been
Pittsburg Bessemer A Lake Eric RR.— Extension to be
surveys made both north and south from the present terminals,
which wonld pass to the purchaser with the sale of the prop C-nnp eted Oct. 4. Pre ident J. H. Reed announces that
the extension from Btrier to the terminus near B asemer will
erty.”— V. 07, p. 273: V , 64, p. loot.
be complete .! and open for traffic Oot. 4, (897,— V. «5, p. 153,
New York A East River Das —Equitable (las (New York).
Richmond Nieholasrllle Irvine A Beattyville. — Fore— P lm O .eratire,— Upwards of 90 per cent of the stock of
the New Yo'k <K Eist River Gas Company and E juirable closure tate Oct. 11.— The foreclosure sale of this road, it is
Gas Company has been deposited with the Central Trust stated, is set for Oct. 1. th« upset price having been re
Company of New York, tinder the plan of anion, and the duced from $.150,00 1 to $100,• 00.—Y. 05, p. 230.
plan has been declared operative.— V, 85, p, 4»2.
San Diesro Land A Town (’o.— Ve-o Securities Ready.—The
New York A New Jersey Bridge.—Sgodtcaiebeinj Formed. new securities to be issued in ex *haoge for certificates of de
— Tn» plans f >r financing this enterpm- are reported as posit covering stock of the San Diego Laud & Town Co. will
progressing. A s rung syndicate is being formed to an ier- be ready for delivery at the Bo-ton Safe Deposit & Trust
write the company's bonds, the first output of wnic-h will be Cotnpiny, Boston, Oct. 4, 1897.—V. 04, p. 1181.
ab iuOfl.VO0.iOO. Toe authorized mortgage will he for $70,
San Francisco A San Joaquin Y«lley Uy.—$6,000,000
W .00 t, the boa is being either Ilf y or one hundred year Hon ih S Id.— Inis company has sold its $6,1 00 0 0 of first
four a The extending of the ptor heal line will ennuis toe 6jf mortgage bonds to a S m Fr incisco syndicate, in
o n p i n v tjaa trr.en i a spaa s >me 40 > fe -tan i save $3,>M0,0uO cluding Bink of California, Nevada Bank, I. W . Heilman,
in the cost as originally prop >sed. —V, 81, p. 1325,
John D. Spreckels, A. Borel & 0 ) ., Abby M. Parrott and
Tat ca<h subscriptioi of |4 450,000
New York Ontario A Western Rjr,— .VeinDirector.—A t the Bilfour, Guthrie & C t.
annual meeting Wednesday the retiring board of directors to the stock, it is understood sufficed to construct the new
ww re-eiectel w in the exception of E. 8. St urges, of Scran road front Stockton to Fresno, a distance of 125 mdes, but
ton, Pi., who retired in favor of President O. IX Ashby, of the construction from that point to Visalia and beyond Han
ford was only ma le posstib’e by a ivanoes from Claus Spreckthe Wabash Railway,—V. 63, p. 511, 620.
Northern Union (1ms Co, (New York City).— hutorpo- els. amounting to between $3 u) 003 and <1.031 0 0. The pro
r a te i. —Tats Company, Capita *z»d at <1,0 '0 00. w n moo - ceeds nf tiie bonds will pav these advances and provide the
porated -,n Thursday to prodace gas and electricity t >r heat means to construct the road up the Sau Joaquin Valley to
mg and lighting purpos <s. The direcrors are hariei L, B ik-rsfi-ld, to build from St ickt iu to Point Riehm nd, to
H ifto i and E iw .rd 8. Long of New York City: J. V. H. fit up the stations and wharves at that p ent, to pur
Lawrence of Astoria, L. I.; Thomas 8. Smith and X, L. Car- chase equipment, etc. It is announced that the surveys for
the line from Stockton to San BVannaoo are practically
roll of Brooklyn.
completed and the grading o mtraets will be awarded within
Osm o I Mining Company.—Mew Stock,—GontoU hit ion — A a few weeks.—V , 63, p. 1116.
sped *1 uaeeliug <>t the at*>CKholders will tie held at S;ars Build
Savannah Thunderbolt A Isle of Hope (Electric) R ail
ing, Boston. Oct 26, 897. for the purpose of a .-ting upon the
question of increasing the capital stock to $2,3'>0,(K) . The way.— Mortgage- f o r $ 1 , 2 5 0 , 0 0 0 Pi'ed—Con5 l i d M on Com-$»
3 .001 new snares |2> each; will lie used to purchase the i>te ed,—-This company has made a consolidated mortgage to
property of the Keanarge Mining Co. (including the Iroquois the Central Trust Co. as trustee to secure an iss le of $1)350,Copper Co.uoany s property recently purchase It. and toe Tam I'OO of 4 per cent gold bonds. The Savannah Thunder
Brack, Jr., Mining Co., paying for the f inner 26,00.)shares and bolt & Isle of Hope Railway Company has pur
for toe latter 16. o . leaving 9,00o shares ia the treasury of chased the properties of the Electric Railway Company,
afterward the Savannah Traction Co., and_ now owns
the company to be disposed of by the directors,
and controls all of the street railw.iy properties iu Sivaunah.
Peoria Decatur A Evansville Ry. Co.— P in t Mortgage The new mortgage, it is stated, covers all the street
Ban th bter.-i tmnniUms Plait o f Ueargumz >ft n —The first railway Hoes a ,d power houses in the city. Sufficient
mortgage bondholders’ committee, Walston H. Brown, Cnair- of the' new bonds are reserved to take up all the existing
622
I HE CHRONICLE.
bonds at or before maturity, and a portion of them will be
turned over to the holders of the bonds of the Savannah
Traction Co. The company, it is reported, agrees to purchase
the bonds distributed to the Traction bondholders within a
certain time at a price not made public.—V. 65, p. 153.
Texas Central RR.—Missouri Kansas & Texas Ry.—Conne-tun.—fa e I r s n Central has built i*£ miles of road,
which gives it a connection, eight miles north of Waco, with
the Missouri Kinsas & Texas. Officials of the latter com
pany say that this new connection will give the M. K. & T.
100,000 bales of cotton this season.—V. 64, p. 5i.7, t-42.
Union Pacille By.— Foreclosure Sales Nov. 1 to No. 7 .- The
foreclosure sales are being advertised to take place along
the line in the early part of November, the first sale to
take place at Omaha, November 1, Judge W. B. Cornish be
ing the master in Chancery. The reorganization committee
was able, without altering its plan o f reorganization, to
make concessions to the Government which add to the orig
inal bid guaranteed at foreclosure about $2,i 00,0( 0. The A t
torney-General, therefore, decided not to take any action to
delay the sales.
Under the first agreement the minimum bid guaranteed
to the Government was, $45,754,00(', this, together with $20,629,080 previously paid by the company in transportation
and cash being equivalent to the principal of the subsidy
bonds wiih interest at 3l.f per cent from their issue. While
the minimum bid was fixed at $45,7o4,0i 0, there were deduc
tions from this [sinking funds, etc.] that reduced the actual
net money to be paid to about $28,691,336. Now this
amount is to be increased through certain concessions [which
the committee prefers the Attorney-General should make
pub ic] by about $2,000,000.
Second Instalment o f Assessment Payable by Oct. SO.—The
second instalment of the assessment on the shares deposited
under the plan has been called and must be paid at the Mer
cantile Trust Co, 120 Broadway, on or before Oct. 20. The
total assessment is $15 per share; $5 of this was payable
Ang. 26. and now $5 more is called, leaving $5 still due.
foreclosure Under Colla'eral Trust 5 Per Cent Mortgage of
1883 —The New England Trust Company of Boston as trus
tee tinder the Union Pacific collateral trust 5 per cent mort
gage of 18x3 has filed a bill in equity asking the foreclosure
of the deed of trust, interest on which is in default, and the
sale of the securities pledged as collateral. These collateral
securities Jan. 1, 1897, were as follows, having been much j
changed since the collateral trust mortgage was executed:
[V o l.
g ^ e p a rts a n d
SOUTHERN
LXV,
Jjommmts.
RAILW AY C O M P A N Y .
THIRD ANNUAL REPORT, FOR THE Y E A R
ENDED JUNE 30, 1897.
N e w Y o r k September 29, 1897.
To the Stockholders o f the Southern Railway Company :
The President and Board o f Directors submit the follow
ing report of the operations of the Company for the year
ended June 30, 1897:
INCOME ACCOUNT.
1896.
1897.
Gross Earns, from Oper.$19,082,247 04 $19,079,499 84
T>. 2,717 20
Oper. Expen.and Taxes. 13,451,447 55 13,233,156 02 D. 218,291 53
Net Earns, fromOper... $5,630,799 49 $5,-46.343 82 J. $ 2 1 5 ,54 4 33
Inc.from Other Sources.
188,507 51
286,832 lO
7 .9 7 ,3 2 5 09
$5,819,307 00 $6,133,176 42 7. $313,869 42
Interest and Rentals... $5,218,370 24 $5,612,234 40 7. $393,864 16
Other Deduc. from Inc..
44,458 57
75,022 37
7. 30,563 80
Bill. Carried to Credit of
Prodt and Loss............
$5,262,828 81
$5,687,256 77 7 $424,427 96
$556,47819
$445,919 65 7>.$110,558 54
The foregoing statement of income account for the tw o
years embraces the results for the several roads for the
periods during which they were respectively operated by the
Company, the earnings and expenses representing the opera
tion of an average of 4,573’80 miles o f road in the year 1896
and of 4,8o5’75 miles in 1897. For details of this account
see Table 2, page 627.
An analysis of the Earnings and Expenses in detail in
comparison with those of substantially the same properties
in the previous year will be found in the report of the Gen
eral Manager, pages 624 and 625.
The increase of $393,864 16 in the amount of “ Interest
and Rentals” is chiefly due to the fact that $10,688,000 of
Southern Railway Company Consolidated Bonds and the
$3,368,000 of Richmond & Danville Debenture Bonds bore
interest for only a portion of the fiscal year ended June 30,
1896.
Colorado Central RR. (U P. Oanver & Gulf) 1st m. 7a......... $1,163,000
The items of increase and decrease in “ Interest and
57-%000
Omaha A Republican Valiev RR. 1st mortgage 7s .................
Onn ha A Republican Valley Rv. consol. mort, os................. 1,809,000 Rentals ” are as follows :
Utj-h A Northern Ry. (Oregon Short Liue RR.) 1st in. 7s___ 1,869,000
Utah Southern RR. extension 1st in. 7s.....................................
79,000
Total (see also Chronicle May 1 ,18 9 7, p. 841)..................$5,199,000
—V. 65, p. 572.
W heeling & Lake Erie R y.— Coupon Payment.—The Mer
cantile Trust Company will pay the coupons due April i,
1897, on the first mortgage bonds of 1836, upon presentation
at its office, 120 Broadway, New York.
Majority o f Stock Deposited —Reorganization Plan.—The
stockholders’ committee, headed by Dior Brothers & Co.,
which called for deposits two weeks ago, has already secured
a large majority of both the common and preferred stocks.
The committee will direct its first efforts toward preventing
foreclosure, and after that will join with the Fitzgerald com
mittee in announcing a plan of reorganization, the general
scheme of which has already been decided upon.
The committee, in accordance with the agreement, has
provided necessary funds and made payment of the interest
in default upon the first mortgage bonds of July 1, 1886.
Further deposits of stock will be received by the Central
Trust Co. until and including Oct. 4 without payment of any
penalty: and thereafter, until and including Oct. 15, on pay
ment of a penalty of one-half of one per cent. No stock will
he received after Oct. 15. Application has been made to the
New York Stock Exchange to list the Central Trust Com
pany’s certificates of deposit.—V. 65, p. 573.
Wisconsin Central Company— Wisconsin Central RR.—
Improvement Bonds— Deposits Called Bor.—The committee
consisting of T. Jefferson Coolidge, Chairman, Ames Build
ing, Boston ; Charles R. Batt, National Security Bank, Bos
ton, and Win Pratt Lyman, 4 Post Office Square, Boston,
requests the immediate deposit of the improvement bonds
with the Farmer's Loan & Trust Company, New York, or the
Old Colony Trust Company, Boston. Bonds must be de
posited on or before October 15, 1897. See advertisement in
another column.—V. 65, p. 516.
—Messrs. Dick Bros. & Co. and Edward B. Smith & Co.,
Philadelphia, invite subscriptions for $5-10,600 Fairmount
Park Transport. Co. 1st mort. 0 per ct. gold bonds. The cost
o f the property is stated to have been over three times the
amount of the mortgage, while the earning power is ovi r
three times the amount of the fixed charges. The Fairmount
Park Transportation Co. owns an electric street railway line
seven miles in length which runs through Fairmount Park,
Philadelphia. Subscriptions for the bonds will be opened on
Monday.
—Messrs. Winslow, Lanier & Co. will pay dividends on a
nnmber'of securities, list of which will be found in another
column.
Increase In interest upon Southern Railway Consolidated
Bunds.............................................................................................$297,213
Increase in interest upon Richmond & Danville Deben
ture Bonds.........................................................................
42,100
Increase in Rental paid Norfolk & Carolina and Wilmtngtou A Weldon companies for trackage and use of real
esta e between Pinner’s Point,Va., and Selma, N. C., op
erated during only one-half of the previous year..............
34,029
Nine months’ rental of Georgia Midland Railway. The
lease of this property provided that, while the Southern
Railway Company was to obtain possession on July 1,
1897, rental payments should not begin to accrue until
October 1,18 9 7).......................................................................
37,125
88
00
81
00
Total increases....................................................................... $410,468 69
Miscellaneous decreases, due to retirement of Richmond &
Danville and Georgia Paeiflo Equipment Sinking Fund
Bonds-Refundment at 4 per cent of Atlanta & Char
lotte First Mortgage Preference 7 Per Cent Bonds, pur
chase of Franklin & Pittsylvania First Mortgage Bonds,
eto., as shown in Table 2 ........................
16 604 53
Ifet increase............................................................................ $393,864 16
The fixed charges and rentals for the ensuing year will
not largely exceed those of the year just ended.
In
creases of 1 per cent each in the rates of interest upon the
$5,660,000 Georgia Pacific First Mortgage Bonds and the
$2,000,000 Columbia & Greenville First Mortgage Bonds,
taking effect January 1, 1898, and upon the $4,500,000 of
Southern Railway Company East Tennessee Reorganization
Mortgage Bonds, taking effect March 1, 1898, will bring the
fixed charges to the maximum point, excepting so fa r as
they may be gradually increased in future by the sale o f the
Company’s Consolidated Bonds.
The bonds of that issue reserved for future improvements
amount to $15,900,000, issuable only for expenditures on
capital account and at a rate not exceeding $2,000,000 per
annum.
^ >
r
PROFIT AND LOSS ACCOUNT.
The balance at credit of “ Profit and Loss” Account on
Juno 30, 1896, was....... ................................... ___
The credit balance of Income Account for" the' year
ended June 30, 1897, was............ . .............. ........
jko
’
^
223 Of)
*
919 6 5 ’
A total of................................................................................ $1,898,142 65
Against which the following charges have been made
during the year ended June 30th, 1897:
Dividend No. 1 on Southern Ry.Co. Preferred
Stock, 1 per cent, paid January 4 ,1 8 9 7 .. .$543,000 00
Discount on Southern Ry. Co. Consolidated
5 Per Cent Bonds sold during the i ear___ 1 1 5 OOO on
Cost of Franklin & Pittsylvania First Mort’
gage 6 Per Cent Bonds purokased during
the year and written off as valueless.......
82 654 83
Miscellaneous Aeoounts written off............ 17,657 60
------ — ------758,312 43
Credit balance carried forward June 30, 1897............ $1,139,830 22
THE CHRONICLE.
October 2 , 1897.J
The charge to “ Profit ami L oss" of $82,63483 represents
the cost of $74,500 of Franklin & Pittsylvania First Mort
gage 6 Per Cent Bonds, being all of said bonds outstanding,
purchased in order to relieve the Company of an annual
rental payment of $7,000, which would otherwise be payable
until July 1. 1913; and also to relieve the Virginia Midland
Railway Company of other burdensome features of the
lease. The bonds are believed to be of no value, and the
cost thereof has, therefore, been charged to Profit and Loss.
FI VAN'CIAI, CONDITION.
623
The mortgage of §75,000 on the Company’s office building in
■Washington, IJ. C., was paid off at maturity on June 1,1897.
The Receivers of the several properties (with the excep
tion of the Louisville Southern) have been discharged and
the Receivership assets and liabilities have been assumed by •
the Southern Railway Company under orders of Court.
|Accordingly, the balances of the accounts of the Receivers,
|so far as they represent ascertained assets or liabilities, have
been closed into the general accounts of the Southern Rail
way Company.
!
The financial condition of the Company at the close of
the vear is shown jit the comparative balance sheet (Table 1).
The Company has no floating debt and has had none since
its organization.
The liabilities of every character of all subordinate, com
panies, operated as a part of the System whether leased or
owned, are shown in the balance sheet and are treated as
liabilities of this Company.
Capital Stock :
There has been no change during the year in the amount
o f Capital Stock outstanding.
Funded Debt, Outstanding Securities o f Leasehold Estates,
and Equipment Notes :
As stated in the last annual report, there were outstand
ing on June 30, 1896:
Funded Debt. ...................................... .............................. ¥79,344.500 00
<hjtetaadiui; Securities at Leasehold Estates..........—
24,147,800 00
Equipm ent R ote* — . — .............. - ...................................
577,527 87
T o t a l . . . . . ......................................................................... ¥104,069.827 87
On June 30, 1897, as shown by the balance sheet (Table 1.1.
there were outstanding:
Equipm ent Trust and Equipm ent Sinking Fund Payments-.
Equipment Trust notes have been paid during the year as
follows:
RIcTsmond A D an ville Car Trust N otes...............................
Georgia Pacific
......................
...............................
East Term. V;i. & Ga.
“
*•
*• ...............................
Richm ond A D anville L ocom otive T rust N otes................
Georgia M idland Cur Trust N o t e s .......................................
$99,970
131,660
48,732
20,586
6,384
00
12
97
96
00
$307,334 05
The outstanding E quipm ent Trust Notes o f the old com
panies and o f the 1 ecetvers, after m aking the above p a y
ments, am ount t o ...........................................................................$279,769 82
\
Sinking Fund payments during the year, on account of
Equipment bonds, have been:
Richmond A Danville 5 per cent Equip. S m k m g F u n d ._ $89,380 00
Georgia Pacific 5 per cent Equipment Sinking Fund . . .
90,145 00
$179,525 00
The Southern Railway Company has created no equipment
trusts, but has paid cash for all equipment purchased by it.
Construction and R e d Estate Charges to Capital A ccount:
Expenditures for new construction and real essate charged
Funded D ebt ......................................................................... ¥80.680,500 00
O sta ia a d K it S e r a r itlM « i Leasehold B«rUt'e«............... 25,711,000 0 0 •to capital account during the year have been (see Balance
E q u ip m e n t S o l e * ........... .................................... . . . . . . . . . . . . .
2 7 9 ,7 0 9 82
T o ta l,...................... ........... ...............................................$IU «,651,269 82
Sheet. Table l. "Construction and Real Estate since July
1, 1894” ) :
The changes during the year ended June 80, 1.897. have
been:
A tla n ta C oitipn-xs p r o p e r !) ................. ..................................... $ 1 0 8 ,0 0 0 0 0
............... ........
3 0 ,3 2 0 7 0
R e a l E state at va riou s p o in t* .. . . . . . . .
T erm in a l Iiiipruv.-’ n u a t Pin tier’ * Point an d N o r fo lk , Va.
6 7 ,2 0 3 68
T e rm in a l I m p r o v e m e n t* a t A le x a n d r ia , V s., A uhevlU e,
Increase In Ftsndrd Debt ...................................................
Inc. in Outstanding Securities of Leasehold E*t»te* .
¥1.316,000 o o
1,563,200 00
N<-w T erm in a ls at tir e e u v U le .S . C ......... ...............................
¥2,87“ .2WI 00
Im pprovem em t* b e tw e e n G r e e n sb o ro , N. C., a n d P in n e r 's
T o ta l..............
Deduct D ecrea se In E q u ip m en t
S'.'! m e r e ;.-.
N o t e * ................................
..................................................................—
2 0 7 .7 5 8 05
$ 3 ,5 81 ,4 4 1 9 5 .
This net increase of $2,3*1,441 93 represents :
A dditions during T ea r:
Soutuerx R tiu ru Co Ooxoouoxtmn Boar,* (of which
$666,000 arc In the Treasury of the Company..............$1,455,000 00
I/wu d M follow* Upon retirement of an equal amount of
Equip. Bond*, and Equip. Truer ot»llg*a
of the old o«,. oud of their Receiver*. $110,000 00
V pen rcUrcrooii! of an equal amount of
prior lienbond* redeemedbetweenJuly
i. IS 94. and Jin.i 36. 1897, VD .
Char. * Hap. Jet St. Hood*.$33,50000
Char. Col. A Aog. t*t M. R*. 2JW0 00
--------------.
3«,orw oo
X*aued for acquisition of new property... 1.000.000 00
■- C., and A t la n t a ,» a ..........................................................
"
"*
Point, Vs
Monroe. V a ............ ..............................
............................................... .................. .
53,456 18
1 3 ,3 9 8 37
17,824 30
8,114 30
A d d itio n a l P a rsin g T ra ck s and T ru ck s to
ln d u » !iia . P lant* 1 -.5.218 P - t . . . . . . . . . $ 1 2 2 ,6 3 3 40
la w * a m ou nt vlm rg ed Ojm r E x p . r e p r e
se n tlu g 42,531 ft-, I it Track taken u p . . .
2 4 ,9 4 0 8 7
Balance rep. east of 112.037 feel o f additional Track.. 97,692 53
Shop* For com pletion «*f new shops at Salisbury, N. C.,
Atlanta. Ga , slid KnoxviH#, Tcmi.................................... 142,350 42
$544,360 53
la addition to the above-described expenditures the cur
rent em t-truetjon account 1ms been charged during the
year with tin-cost o f the Atlanta ,v Florida and Tonnessin* Valley Railroad properties, um ounting to ............... 442,438 03
Total flier**
•In the current iim-lrii'-Hnii ncemint, r>*
per balance rtn <
■t ....... ........................................; .........,$986,798 56
Tin* outlays above enum erated were all for the acquisition
or construction o f distinctly new property.
Since the
Southern Railw ay Com pany com m enced operations the cost
o f all im provem ents and betterm ents to roadw ay and struc
81,435.000 00
tures as received by the Com pany w hen the various proper
fix . M m . B r . CO. F l» « r
F t * Ctssr B..i-Mis.il,650.000 00 ties were a c q u i r e d b e e n included in operating expenses.
(That road Uavlotr been leaned by the Southern Ky.
The expenditure for compress property at A tlan ta was a
Co. tor 99 y e a r* from J u ly 1, 181)0, at a ren tal
partial payment toward the purchase o f the property o f the
equal In amount to tlic IntereM on tln *e bond*).
O toton X i n u b R ut war -Eouttwnsy Korea.......
9,370 00 Atlanta Compress and W arehousing Com pany, as explained
in the last annual report. The final paym ent, am ounting to
Total Additions................................... ............................. .¥3,114,57800
§106,850, will bo due Septem ber 20, 1897.
Reduction* during Y ea r :
The expenditures for additional real estate were chiefly for
R ich, * Dan. Equip. Sinking Fund 5 Per
the purchase o f land at Pinner’s Point, V irginia, costing
Cent Bond*, rettr,-d........................................$85,000 00
$86,0 0. The expenditures for terminal im provem ents at
6 a . Far. Equip S. F, f> P. 0 . B ond*.retired 5 4 ,0 0 0 00
Pi Tier's Point and N orfolk, Virginia, were for the com
Char, A Rap. 1st M 6 P. C. Ronds, ratired, 12,900 00
Equip. Rote* Paid ............................................307.334 05
pletion and enlargem ent of the Com pany’s tidewater ter
Fran* A Pitt, tat >1 d P. C. Rita., p a r o h
74,500 00
mini in the Elizabeth River. The work a t those points dur
T otal R e d u ctio n * -..................... ..................................... $533,154 05 ing tin* past year. Costing $07,208 68, w as chiefly upon new
docks, wharves and yard facilities,
S e t Increase In these three acconnt* a* a b o v e............... $2,581.411 95 I
A new w h a rf and warehouse is in process o f construction
upon land owned by the com pany at Pinner's Point, w hich,
The increase in securities outstanding as shown above is when com pleted, will cost about $250,000. The facilities at
fu lly represented either by the amount o f prior lien securi Norfolk and Pinner's Point w ill then then be ample for the
ties retired or by the cost o f new property acquired
econom ical handling o f the traffic for some years.
The $1,65.000 o f G eorgia Midland Throe Per Cent Bonds
The expenditure* for terminal im provements at A lexan
are represented by the leased property o f that com pany.
dria, Asheville and Atlanta were, for additional yard tracks
The First M ortgage Preference -Seven Per Cent Bonds o f and buildings.
The expenditure o f §188,037 99 for shops near Salisbury,
the Atlanta & Charlotte Air-Line Railw ay Company,
$*,00,000 Id am ount, matured A pril 1, 1 W . The payment o f North Carolina, and of small am ounts at Atlanta and K n ox
the principal o f said bonds was extended until January 1, ville, have practically com pleted the w ork at those points
lo o ;, w ith interest at the rate o f four per cent pur annum. referred to in previous annual reports.
By the terms o f the operating agreement with the Atlanta
The expenditures a t G reenville. South Carolina, and Mon
A Charlotte Air-Line Railw ay Company the reduction in roe. Virginia, w ere for the establishm ent of new division
the interest charge {$15,000 per annum ) inures to the terminals, in order to lengthen and equalize engine runs
benefit of the Southern Railway Company.
and. thus secure greater efficiency and econom y in the train
Wi t h division terminals at these points and at *
The value o f materials and supplies on hand was reduced s e r v i c e .
from $1,713,524 31 on .June 40. 1896, to $957,950 24 on June •Salisbury. “N. C .s the line between W ashington and Atlanta
30, 1897. As explained in the last annual report, the stock is operated in four divisions instead o f live.
of materials and supplies on hand on June 30, 1896, was a b
The expenditures for im provements between Greensboro
normally large on account of the extraordinary amount of and Pinner’s Point, were for additional passing tracks and
renewals, betterment* and improvements in process at that station and yard facilities required for the proper handling
tim e.
o f the through traffic over that line.
THE CHRONICLE,
624
[V o t. LXV
During the year 151 new manufacturing establishments
of various kinds were located at points upon the Company’s
road. There have been completed during the year on the
lines of the Company cotton factories alone working 163,000
spindles and 3,000 looms, the total cost of which has been
nearly $2,000,000, and at the close of the year there are
under construction additional mills which will include 62,500
spindles.
The construction by the Company of 92,861 feet, or 17-59
miles, of new side track to industrial establishments during
the year, indicates this general growth, and the apprecia
tion'of the Company’s policy in fostering such enterprises.
During the year an attack by the Governor of the State
of North Carolina was made upon the Company’s lease of
the North Carolina Railroad, with the avowed purpose of
annulment. The attempt was made a political issue in the
Legislature, and was ostensibly supported by an offer from
other parties for a lease of the property at a largely in
creased rental, but upon condition that the State should
pass a law preventing your Company from connecting its
existing properties within the State, This condition in
practical effect rendered the offer inoperative by its own
terms, as the recommendation of the Governor for the pas
sage of such a law was promptly and emphatically rejected
by the Legislature in advance of any real discussion of the
question of annulment of the lease.
After a prolonged contest occupying most of the legisla
tive session, the Legislature declined to authorize procedure
for annulment. It was nevertheless deemed necessary for
the Company’s interests to apply for an injunction restrain
ing the State authorities and the North Carolina Railroad
Company from disturbing the lease, which injunction was
granted by the United States Circuit Court for the Western
District of North Carolina on the 6th day of April, 1897, and
continues in force.
Upon hearing, the Court decided that the lease was valid
and binding if made in good faith and without fraud, and
ordered testimony to be taken as to this single issue. As
there was no fraud, none can he proven, and the Company
is therefore reasonably safe in the continuance of the
lease.
Apart from this question, however, it will be to the Com
pany’s interest to consider the construction at an early date
of about thirty miles of line between Mocksville and Mooresville, North Carolina, in order to complete its through line
between Charlotte and Greensboro, which would furnish an
additional track for increased traffic, and would also, in case
of necessity, make this Company independent of the North
Carolina Railroad in handling its through traffic. A t the
close of the year this subject is under investigation by your
Board with a view to early decision and possible action.
If necessary then, in future, the tidewater terminals at
West Point, V a., could again be used for through traffic, or
terminals in the vicinity of Norfolk could be inexpensively
reached by a new line from Manchester, V a., on the south
side of James River.
Although the accounts of the Company have always been
stated to the stockholders with unusual fullness of detail,
the Board has considered it desirable to submit them this
INSURANCE.
year to examination by certified public accountants, and
A t the expiration of the general insura nce policy upon the the certificate of Messrs. Patterson and Corwin, as the
Company's property on September 39, 1898, a change in the result of the examination, is attached to this report.
plan of insurance was adopted, whereby the Company
Especial attention is directed to the General Manager’s
assumed one-third of the risk on such general policy, placing report for statistics, details of earnings and expenses, mate
the other two-thirds with insurance companies' as here rials used, betterments made and economies accomplished
tofore.
in the operation of the pu-operty.
The fire risk thus assumed by the Company is exclusive of
i-----that at the larger stations and shops.
By the death of Mr. Aubin L. Boulware, your directors
The total insurance for the current insurance year un
der the general schedule is $11,934,387, of which $8,909,744 have been deprived of a highly-valued associate. Their re
is carried by the insurance companies and §8,024,648 by the gret at his loss and their appreciation of iiis faithful and
valuable services to the Company have bean expressed in
Railway Company.
The total premiums for the year under the general sched resolutions, a copy of which has been sent to Mr. Boulware's
ules amount to 886,914 04, of which the insurance compan family.
ies receive $66,684 55, the remaining $30,329 48 being cred
ited to the Railway Company’s insurance fund.'
The acknowledgments of the Board are due to all officers
The Railway Company’s proportion of the losses for the and employes for the faithful and efficient discharge of
their duties during the year.
nine months ended June 30, 1897, amounted to §11,236 28.
.
i
' uice premiums under special schedules,
Respectfully submitted, by order of the Board,
not included above, amount, for the year, to 835.648 23. Ja
SAMUEL SPENCER,
this insurance, much of which is extra hazardous, the Rail
President.
way Company does not participate.
The only new construction involving any considerable
expenditure, in progress at the close of the year, was the
work u|K)ii the new wharf and warehouse at Pinner's Point,
Virginia.
New Equipm ent:
Expenditures for new equipment during the year have
been $217,235 1)6, of which $89,448 28 has been charged to
capital account. The new equipment thus acquired con
sisted o f :
(a) Equipment purchased, costing $98,765 98, viz.:
4 Locomotives,
4 Passenger Cars,
42 Freight cars.
1 Barge.
(M Air brake and automatic coupler equipment, costing
$120,469 98, added to cars not previously so equipped, v iz,:
1,352 Freight Cars equipped with air brakes,
1,879 Freight cars equipped with Automatic Couplers.
The amount charged to capital account ($89,448 28) repre
sents the cost of the equipment above described ($217,383 96),
less an amount representing the full value of all equipment
retired during the year, viz.:
8 Locomotives.
6 Cars, Passenger Equipment.
441 Cars, Freight Equipment.
1) Cars, Road Service Equipment.
The full maintenance of the equipment has thus been pro
vided for by proper charges to operating expenses, while the
charges to* capital account represent only the increase in
value of the equipment on June 30, 1897, as compared with
that on June 30, 1896. The practice of. the Company is to
charge immediately to operating expenses and credit to a
renewal fund the original inventory value of all equipment
condemned, broken up or destroyed, in advance of the actual
expenditure for replacing such equipment. When new equip
ment is required, the fund thus provided is employed for
its purchase, and capital account is charged only with any
net increase during the year in the value of equipment act
ually on hand.
Equipment on hand June SO, 1897 :
The equipment of all lines at the close of the year (see
table 31 in pamphlet report) consisted of ;
640 Locomotives,
525 Cars, Passenger Equipment.
19,118 Cars, Freight Equipment.
304 Cars, Road Service Equipment.
1 Steam Tug.
5 Barges.
Contracts were outstanding and unfilled at tliexslose of
the year for the following new equipment :
13 Locomotives.
1 Postal Car.
It will probably be necessary during the present fiscal
year, in order to provide for increased traffic, to contract
for new equipment in renewal of that retired as above, and
possibly for some additional equipment on capital account.
G EN ER AL REM ARKS.
Considering the almost universal depression in railroad
traffic, the results for the year may be considered fairly
satisfactory.
Rates have been fairly well maintained during the year
in all of the territory served by the Company’s ra il line's.
The only serious interruption to traffic during the year
was that caused 'by the extensive floods in the Mississippi
Valley during the spring of 1897, necessitating the aban
donment of all train service on the Company’s lines in
Mississippi west Of Itta Bena during the months of April
and May.
_
During the last six months of the fiscal year there was a
“ gradual, but marked, improvement in the volume of traffic,
indicating a revival in business and confidence, which,
since the close of the year, has become so apparent through
out the country. Your Company’s lines are in condition to
take advantage of and profit by this general revival of
industry and trade.
EXTRACTS FROM THE REPORT OF THE GENERAL
MANAGER.
W ashington, D. G , Sept. 2 9 ,1897.
To the President and B oard o f D irectors :
The foilowing report upon the operations and physical
condition ot the Southern Railway properties for the year
ended June 30, 1897, is respectfully submitted :
MILES OF ROAD OPERATED,
TUe number of miles of roadoperateS on June 30 1896 was 4 fiXA-qq
Tiie number ot miles of road operated on June 3 0 , 1 8 9 7 , wash, i ’,827-22
A n increase o f,.
172-89
A detailed statement of the roads operated on June 30
1897, is given in table No. 19 in pamphlet report.
’
THE CHEON1CLE.
October 2 , 18»7,|
625
The details of the increase in miles operated are as fol Harrisonburg Brandi of the Virginia Midland Bailway,
extending from Strasbnrg to Harrisonburg, Virginia. The’
lows :
A
JHiics. Southern Railway Company, as lessee of the Virginia Mid
G eorgia Midland Rtr,. Columbus to M cDonough, Ga., leased and
land Railway, and under order of Court, took possession of
operated from Ju ly 1, 1896.......... --- ■— ,..........- , ................--- 97-88 that line on December 1, 1896, and has since operated it as
V irginia Midland ;iy., S rtasbm gto H arrisonburg,\ a., operated ^
_
a portion of the Virginia Midland Bailway.
Alabrnn^Graat Southern itR.. M obile i u o e it o n io B lo ct-> o ,jja .,
oDerated iotntlv ii ,ter trackage agreement w ith Alabama
Great S otuherrifrom J u ly 1 .1 8 9 6 ............ ........................... .
23-20
Alabama Great Southern KR-. W oodlawn to Birmingham , Ala.,
©iterated jointly under trackage agreem ent with Alabam a
Great Southern from March 15, 1897....... .................................
3-24
Miscellaneous! additions (net), due to re-measurements and
t ‘22
c o r r e c tio n s ..................... .....................- ..................- - .......................
175-39
.Red udtionr—
Part <>t EmbrevUle Branch. Tenu., leased from Feb. 3 , 1897..
2-50
Net addition................................ ........- ........................ - ................ 172-89
The lines of road are located as follows :
Mites.
Mi let.
District of Columbia.......
f S 7 M ississippi.......................... 265-17
Virginia..... ............
708*46 T en n essee........................... 457-80
North Carolina................... 1,124-45 Kentucky............................. 1 3 010
South Carolina.................. -6 0 4 8
Georgia..... .................... . . . 8 /7*8 /
A labam a............................. 702-12 I
Total
4,827 22
The average number of miles of road operated by the
Company in the year 1885-96 was 4,578*89 miles. The average
in 1H1KP97 was 4,805 75 miles, an increase of 281-95 miles.
The comparative tables, pages 28 to 48. inclusive [in pam
phlet report], are based upon the operation of the several
properties in each year only for the periods during which
they were operated in the Southern Railway System.
For purposes of comparison, however, the following state
ments of earnings, expenses and statistics are given show
ing the results of operation in the fiscal year just ended
compared with those of substantially the same properties in
the previous year, although some of the properties were not
operate! by the Southern Railway Company during 1895:
EARNINGS AND EXPENSES.
•— tsc, o s D ec.—
E a rn in g**
l HOC,
1997.
Amount.
Per ct.
From Freight..................... 412,1 48,117 $ 12.3M8.903 /..«.:i4.78fi MOO
«
Paxwn*- W ______
5 ,3 (7 .* 4 5
4.832.448 D A 14.097 It ■< «3
<* Mail .... ...........
942,488
I.U O jM B
/.!<-;7,475 / 17-78
••
-
E x p r e s s . ____. . . .
MiSrasUaneo/is_____
3 7 4 ,5 3 8
4 2 9 ,3 6 4
439 5 6 0
3 2 1 ,1 2 7
D
f 5 0 .0 2 2 I 13-21
188,-437 D , 2 ' y i i
Total Eartilna#.......... *19.2 10,552 *t 9.071). IK) DJ$1 67.032
For *:■induct Tra-I*p‘ u
86 .-j53.526 *6
Mutator Way * stow . *, 4 2 t. 2So
“ Mulatto. of Enulp.... 2,1 HI. *66
"
««»*£ Exp,
1. 197,7 RI
D.0S7
745,90 * p. 8109.527
/>.I 3<>
2 .920,190
<0 . 14-72
2 .250,7 iM I
.
7.6-63
1.316,201 7118,411
79-98
Total S x tx m w s.......... *l*,.3x8.-»32 $13,233,1 m
17358,276
/>.2*«1
Net Earn, from Qiwrat’a 85,638.120 .83.6(0.344 79 488,224
73-33
R atio o f E x p ., n Kara—
70-80
6o-3»
COM PARISON OF STATISTICS.
E a r n in g s :
hreght—
Th ;<freight, earning5* inert* i - d §248.TV), or IT*i per cent.
The number of ton s o f corn-norm al freight ca rried d e
c r e a s e ! 91.51 to n s , o r l ’ 2 S p>r c e n t.
The number of ton* of comm -rvial freight c a r r ie d one
mile increased 100,227,809 tons, or 8-76 per cent.
The average length of haul of commercial freight was
169-87 miles fa 1897 and 1.11-28 miles in 1896. an increase of
10-13 per cent.
The average earnings iter ton par mile on commercial
freight were -976 of a cent in 1897, as compared with 1-034
cents in the previous year, a de-ureas* of M l par cent.
P assenger;
The earnings from paw-enger-t decrease 1 $514,997, or 9*68
per cent.
The number of passengers carried decreased 188,785, or
4*88 per cent.
Tit - rtu m lir o f pjsssngerx carried on ? m il- decreas’ d
49.299,300, or 19-48 per cen t.
The average rate per passenger per mile was 2-873 cent*,
as compared with 2-113 cents in the previous year, an in
crease of 12-25 par cent, due to comparison being made
with the low escBtsion rates to At lanta m the year previous.
Tlie average distance traveled by passengers was 50-33
mil*-*, a* compared with 59-63 miles in the previous year, a
decrease of 15-91 per cent.
Tli-i unusual volume of pass-tiger traffic over the CornpunyV lines in the fall of !*95. due to the Atlanta Exposi
tion. accounts for the wide differences between the passenger
statistics for the year just ended and those of the previous
year.
M til. B e tr e e s a n d H s • elltn * «** :
The increase in the earning* from the carriage of mail is
due to the increased service performed by the Company, as
indicated by the re weighing of the mail's in 1908 and 18 <7.
The increase in the express earning* is largely the result
o f the favorable t-rm s o f the new con tra ct with the South
ern Express Company, which w as operative during the
entire year just ended, but during only tw o months o f the
previous year.
Tile decrease in the miscellaneous earnings is chiefly due
to the fact that the Baltimore & Ohio Railroad Company,
and its Receivers, have defaulted in the rental due upon the
E xpenses s
Conducting T ransportation :
The total tonnage m oved ^inolnding Com
pany’ s freight) ill 1897 w as........ .............
The total tonnage m oved In 1896 (Includ
in g Company's freight) ...........................
An increase o f ..........................................
9,108,543
8,823,6*9
282,854 ton s, o r 3-20%
The total number o f tons carried ous m ile
(inolud. Company’s freight) l a ’97 w a s.. 1,5 45,273,962
The total number o f tons carried one mile
in
w as .......................... . ..........
An increase o t ....................................
The m ileaxe o f pass, trains 111 1897 w a s..
“
“
“
1896 “ ..
6,550,017
6,377,900
2*70')S
The total train mili/aite la 1897 wan...
"
“
•'
- 1896 •• .... . . .
10.196,466
15,853,006
A a in c r e m a o t .................. ................
Th© average number o f tons carried per
train in 1887 was. ...............................
Th© overage ti’im <-r o f tons carried p er
train in 1896 was..................................
An increase a t................... .................
The aver, cost o f eonilucttog tra n sp orta
tion per train m flelu 1897 was........ . . .
The aver, cost o f conductin g transporta
tion per Wain mile in l$ J 6 was...............
A decrease a t ..........................................
2*17%
172*81
160-70
12-11, or
7-53%
41-63 ete.
43-24 ets.
1-59 ets., o r
3-68%
To summarize :
The number of tons carri- l one mile lucre zee 1 10-3Tf.
The average number of tons per train ncrm*ed 7-58?,
The numb, r of miles run by pass -nger trains lucre i$ed 2-7f .
The number of miles run by all train* increased 3-17.
While th»-exp >mm for conducting transportation per train
mile decreased 3*68 j.
Maintenance o f W ay and Structures :
Th- deci-ciisc of $304,080. or 14*78 per cent in expenses for
maintenance of way and structures is chiefly due to the fact
t hat tin- expanses in tin; j » n ions year for rail renewals, and
new buildings were considerably in excess of normal
charges for maintenance.
Muin'cn in -e o f E q u ipm en t:
7
he increase of :>139,90' >. or 6-3 percent, in expenses for
maintenance of equipment, i* represented by a general im
provement in the condition of the rolling stock, and partic
ularly b y the improvement in the efficiency of the locomo
tives. The average cost of repairs of engines per mile run
was 4-89 cents in 1807. a* against 4-12 cents for the year
preceding, an increase of 19-7 per cent.
General Expenses and Taxes
Of the increase of §118,411, or 9’88 per cent, in general
expense*. § 13,994 was iri the item of taxes, §25,450 in insur
ance and $44,480 in extraordinary legal expenses.
N ew Y ork . September 20,1897.
To the Bondholders and Stockholders o f th- Southern Bailway Com pany:
W e have critically examined the books and accounts of
your Company. and hereby certify that the statements of
income and profit, and loss accounts for the fiscal year ended
June 30. 1997, published herewith, agree with the books,
and are correct.
We further certify that the condensed balance sheet,pub
lished herewith, correctly sets forth the financial condition
of the Company as of the date June JO, 1897.
In the course of our investigations we examined the rec
ords of the departments of traffle receipts and disburse
ment.* to prove the entries of revenue and expenses on the
eneral books, and verified the asset and liability balances
y examination of the various auxiliary books and records,
arid by certificates of proper parties where necessary.
All important item* and entries received careful atten
tion. and were tested and proved by tracing to original
authorized sources. All charges against construction and
equipment accounts were especially and critically investi
gated and found to be correct. The entries taking up the re
ceivership accounts were examined and confirmed.
The cash balances were verified by comparison with the
pass-books, statements or receipts of the various banks and
other custodians, and by actual count of the cash in the
Treasurer’s office.
Tim securities and bills receivable owned by the Company
and held in the treasury, or deposited in trust, were also
located and verified,
__ _
PATTERSON & CORWIN,
Certified Public Accountants.
[V ol. L X V
THE CHRONICLE.
b2d
T V B I . K I.-C O M P A K A T IV E BALANCE SHEET. JUNE 30, 1897, AND JUNE 30, 1896.
ASSETS.
J une 30, 1897,
.J u n e 3 0 , 13 B 6 .
Co s t o p R o a d —
_
.
,
S o u t h e r n R a ilw a y P r o p e r t iu s a s R e o r g a n iz e d ...,....... .
$226,920,810 89
23,808,545 00;
1,132,608 091
Leasehold Estates. (Per Contra “ Outstanding Securities.” ) Construction and Real Estate since Ju ly 1, 18 94..............■
K n oxville Cumberland Gap & Louisville R y .............................
$251,671,029 98
Co st
$6,360,818
2 ,9 3 '.O l 6
1,477,921
539,255
T o ta l C ost of R
o p E q u ip m e n t —
o a d
.
T ru s t E q t iip m e n l ............................ .................................................................................... ..
Xetc Etruipment since July 1,11-94...............
Equipment Leasehold Estates. (P er Contra ‘ Outstanding Securities.” ).
North Carolina R R .................................................................. $105,000 00
Atlanta & Charlotte Atr Line K y . . . ................. ............... 194,005 00
V irginia Midland Ry .............................................................. 240,o§0 £ ?
Georgia Midland Ry ................................... ............................ 7 6 ,lo 0 00
Equipment Other Lines. Per Contra.....................................................................
Viz,:
Roswell R R ................................................................................
$|.640 00
Richmond & M ecklenburg R R ................................................
3,760 00
7,400 00
68
00
65
16
$6,747,328
2,529,626
1,567,364
615,735
50
00
58
00
$254,133,245 4 9
.................................................................................................
Equipment Owned, received with the properties as r eorg a n ized ..............
50
00
30
00
$225,903,120
25,095,2 65
2,119,466
1,015,393
7,400 00
11,467,454 0 S ;
Total Cost o f E quipm ent.
$265,600,699 5 7
$262,994,430 78 T o t a l C o s t
o f R o a d a n d E q u i p m e n t .................................................
Se c u m t ie s O w n e d .
Pledged under First Consolidated M ortgage (See Table 6).
In Treasury, unpledged (See Table 7 ) ........................... .........
Ronds D,-posited under North Carolina RR. L ease...............
Bon is Deposited under other c o n t r a c t s ..................................
Bills Receivable—deferred, hut s e c u r e d ............ . . . . .........
$13,900,000 00
1,038,398 35
188,300 00
$14,155,384 82
i:7 0 1 ,384 25
175,000 00
63,801 90
412,495 45
16,508 ,066
9 5 7 ,9 5 0
1 9 ,8 9 6
5 2 ,688
15.126,898 35
Total Securities Owned................................................................
1,743,52434 Ma te r ia l a n d S upplies o n H and (See Table 8 in pamphlet) —
18, 66 92 I nsurance P a id , not A ccru ed ................................ ..........................
10,897 76 Sinking F unds—Uninvested Balances in hands o f T ru s te e s .......
$283,139,301 16
$279,894,018 15:
Current A ssets .
Cash iu hands o f Treasurer and in hands o f F inancial A gents.
Casti in transit from A gencies......................... ...............................
Due from Agents and Conductors..................................................
Due from U. S, Governm ent................. ...........................................
!
Due from Connecting L in e s ............................................... ...........
Due from Individuals and Companies..........................................
Due from Reorganization Committee (Current A ccou n t).........
R ills R eceivable—current....................................................... ........ .
$2,178 ,611 96
257 ,455 71
361 ,406 45
242. ,723 94
394 ,663 03
■427 792 t 9
1,064, ,644 43
70, ,363 21
42
24
19
83
$3,176,835
234,012
436,588
292,321
542,778
291,833
25
90
80
54
79
04
210,972 01
4,185,342 3 S
5,003,661 42 Total Current Assets .
$284,897,679 57
$287,324,643 4 9
'LIAB ILITIE S.
J u n e 30 ,189 6.
J une 3 0 ,1 8 9 7 ,
Ca p it a l Sto ck .
Comm on......................................................................... .............................................. $120,<
54,300,000 0 0 !
P referred................................. . ............... ...........................................
54,1
T otal . . . . . . .
■$174, ,300,000 00
$174,300,000
' 79, 344,500 00 F unded D ebt (see next pace. Table 4 )....................................... ............................
80,660,500
O utstanding S ecurities of L easehold E states (see next page, Table 5).
$ 1 2 ,9 4 7 ,8 0 0 00 ,
Virginia Midland Railway
B on d s....... ............ ....................... $12,,861.000 00
7 ,2 0 0 ,0 0 0 00 i
A tlanta A Charlotte Air Line Railway
Bonds and Stock....................... .
7,,2< 0,000 00
North Carolina R ailroad
S to c k .......................................
-1,000,000 ool
4,,000,000 00
Georgia M idland R ailw ay
B o n d s ............................................
1,,650,000 00
24,147,800 00
T o t a l . . . . ....... ......................................................
2 5 ,7 1 1 ,0 0 0
M ortgages on R eal estate ,
I Washington, D. C ................................. ........... ...............................................
$75,000 00
1 N orfolk, V a .................................................................................................
50,000 00
50,000 00
125,000 00!
T o t a l ............. „ ...................................................................
5 0 ,0 0 0
B alance of Purchase P rice of k . 0. G. & L. R y ., D ue A p r il 1, 1898.......
4 7 2 ,3 5 6
EQUIPURNT NOTES.
$172,845 00;
R ichm ond & Danville R R ......................................'.................... ...........................
$72,875 00
223,732 971
East Tennessee Virginia & Georgia R y . . . . .............. ...............................
175,000 00
160,362 94i
I Georgia Paoiflo R ailw ay..........................................................................
28,702 82
20,586 96,
I ' Receivers Richmond & Danville R R ..............................................
; G eorgia M idland R ailw ay..........................................
3,192 00
- ....... '........i
577,527 87
T o ta l ................................................................................
'
.................
2 7 9 ,7 6 9
E quipm ent Ot h e r L ines. (Per contra).
$3,640 00;
Roswell R R ......................................................................................................
$3,640 00
3,760 00
R ichm ond A M ecklenburg R R .............................................
3,760 00
7,400 00
T o t a l ........................................................
7 ,4 0 0
$120,000,000 00 i
!$ 2 7 8 , ,5 0 2 ,2 2 7 8 7
T o t a l Ca p it a l , F u n d e d a n d M o r t g a g e L i a b i l i t i e s .
R e se r v e F u nd s.
For M aintenance o f W ay.....................................................
F or M aintenance o f Equipm ent.....................................
Miscellaneous....................................
$19,641 60
101,241 85 j
1 2 0 ,8 8 3 4 5
T o t a l .................................................... ' . V
2 0 ,3 1 4 4 9 S u n d r y A c c o u n t s ...... .................
5 0 2 ,5 8 4 1 7 INTEREST AND RENTALS ACCRUED, N ot D u e .
................
82.
00
5 3 ,0 0 0 0 0
134,628 86
3 0 6 ,S 1 7 5 5
2 3 ,1 7 8 -1 1 '
5 0 8 ,1 1 6 6 7
2 4 0 ,0 9 6 0 6 *
$ 2 8 2 ,5 5 9 ,2 3 4 4 4
C u r r e n t If a b il it j e h .
Interest and Rentals Due and Unpaid, including am ount due Ju ly 1.
Audited \ ouehow (including new construction and new equ ipm ent).
Pay Rolls (J u n o)...................................
.
■
Wages Uncalled F or........................
................... ...............
1 Due Connecting Lines...............
1 Due Individuals an t Companies.
4,050,423 88;
Tu'r.u..........................
...........................................................
T ,452,228 0 0 1Pr o f it and L oss (see Tables 2 and
i!l!
($284,897,679 57!
T A B L E
0023
$119,188 69
249,052 7 l T a x e s A ccrued , N ot D u e .......... ............
53
33
52;
18
41
91
00'
$ 2 8 1 ,4 8 1 ,0 2 6 0 5
$279,395,032 69;
$1,032,846
1,165,347
623,595
44,517
143,362
440,754
00
00-
$1,654,726
830,947
672,010
34,790
326,469
106,634
71
06
62
36
96
lz
3 ,6 2 5 5 7 8 8 3
1 ,1 3 9 ,8 3 0 2 2 .
$ 2 8 7 ,3 2 4 ,6 4 3 4 9
3.
PR O FIT AND LOSS ACCOUNT FOR Y EA R ENDED JUNE 30. 1897.
B alan ce a t Credit o f this Account, June 3 0 .1 8 0 6 ____ . $ 1, 152,22300
A d d Credit Bnlatioe o f Incom e A ccou nt fo r year ended
June 30, 1897 ........................................ ...........................
445,919 65
D ed u ctio n s:
D ir. No. 1 on P r. Stock. 1 % paid Jan. 4 .'9 7 .$ 5 4 3 ,0 0 0 00
D iscount on Southern Ry. Co. First Consol.
M ortgage 5% Bonds sold during the year. 115,000 00
Cost ot Frank. & Pitts. First M. 6% Bonds,
nureha<edin order to cancel current lease1
hold obligations with reference thereto.. 82,654 S 3
17,657 60
M iscellaneous accounts written off..............
-------------- $ 7 5 8 ,3 1 2 4 3
$1,898,142 65 1 A m ount carried forw ard, June 30, 1897 ............... ............$ 1 ,1 3 9 ,8 3 0 ,22::
THE CHRONICLE.
October 3. is«7.j
t a b l e
2 .-IX C O M K ACCOUNT FOR YEAR ENDED JUNE 30, 1897, COMPARED WITH YEAR ENDED JUNE 30, 1896.
1396.
1896.
$5,287 ,913
12 ,055 ,240
934,051
377,333
427,70 7
76
20
*4
79
45
32
32
92
09
19
$19,079,499 84
Interest on Chester A Lenoir Bonds..... ................
Dividend on Alabama Great Southern Stock___
Dividend on Norfolk & Carolina Stock................. .
Dividend on Georgia Southern i t Florida Stock.
Miscellaneous.............................................................
113,631 12
$69,240 36
5,466 26
169 77
$6,125 00
97,523 73
30,000 00
16 .3 6 0 0 0
2,90a 32
152,909 05
B y M iscellaneous I xcome from Other Sources .
Net Incom e from Compresses and Other P rop erty ..............
M iscellaneous Rentals from Real E state................................
Earnings from Shepherd’s Ferrv. A lexandria, V a,..............
N et Incom e from Balt. Chesa. A Richmond Steam boat Co,
$127,220 36
535 80
6,167 39
74.876 SO
133.923 55
$19,270,754 55
$19,366,332 44
1897.
1896.
1396.
T o O p e r a t in g E x p e n s e s a n d T a x e s :
M aintenance o f Way and Structures..
Maintenance o f E quipm ent..................
Conducting T ransportation.................
General Expenses an ! T a x es...............
17
55
6
97
$13,451,447 55
78’
00,
00,
Oo,
00,
00,
DO,
00,
Oo,
00,
So.
00,
100.000 oo,
218.61* 0O,
155,300 Oo,
638,5**0 00.
60.000 00,
120.00 0 00,
283,000 O ).
3 2 ,3 0 0 1>0,
36,101)0 ,
114,000 00.
06,00 * 00,
3$,o(a) oo.
88,750 00.
05,500 00,
242,950 OO.
30,051 Do,
3,500 00,
206.22* 53,
35,000 00,
297,500 0*>,
45,000 OO,
102,000 00,
4,000 OO,
40,000 00,
1,050 00,
30,303 82,
12 mu*.
12 IQOS.
9 mos.
12 m is.
12 mos.
1,2
12 mu*.
12 BIOS
12 mu.*
1*2 mos.
12 mos.
12 m s .;
I t mom.
I t SOI,
12 mos.
i 2 mos.
12 mo*.
12 mos.;.
12 mu*.
I t mm.
12 mo». I t UktiMuj
12 lOiH.
12 an *.
12 m*>*.
I t mum.
12 raus.
6 m m.
i t «**»,
12 mas *
12 li e 12 mo.«.
It
12 mm.'
12 mo*.
I t mm:
8 mm.
23,231 81,
6 mm:
3,218,370 24
96
00
26
35
1897.
B y I n c o m e f r o m I n v e s t m e n t *.
852 72
$19,295
10,000
5*591
9,571
$4,832,848
12,386,901
1,110,062
428,560
321,127
$19,082,247 04
9 7 ,779 40
8,374 00
$990,977
180,000
359,820
126,300
53,200
41,000
2 0 ,0 0 0
22,500
9,0 00
1 5 1,86 0
99,037
35.0* 0
1897.
B y G ross E arning*.
P assen ger..................
Freight........................
M a il.............................
Express.....................
Miscellaneous...........
$6,125 00
$3 ,338 ,699
2,09 J.984
6,7 98.0 82
1,170,680
H27
I
$2,920.190
2,2 5 0 ,-6 5
6,745,999
1,316,200
1897.
21
96
19
GO
$13,233,158 02
T o F ix e d C h arges , I ncluding R e n t a l s :
So. Ry. 1st Cons. Mtge.—
$25,313,000 M2 m o -.l,5 ; „ ..............................................$1,265,650 00
MHI.OOO iNo , . 10 to .1one 3 0 ).............................. .
16,041 66
500.000 <Jan. 1 to June 3 0 ) ...... ............................
12,500 00
$1,291,191 66
U 0,000 00
E. T, Reorganization M tge.................1 2 mos., $ 1,500,000, 4
R . it, D. I»t Cans.
■■
12 mos
349,820 00.
5,997^000, 0>«
168,400 00
Debenture
••
..,1 2 mo*., 3.368.000, ,Vj
48,633 34
fB q. 8. F.
“
12 w o*.,
940.000, 5%
41.000 00
W. O. i W. l«t
*•
12 mo*., 1.025.000, 4
20.000 00'
400.000,
5%
R. Y. K . A C . I -I
**
12 11109.,
%A
**■
, , , . . 1 2 11103.,
22.500 00
800.000, 1 W
9,000 00'
150.000, 674
A T A O . Ut
"
12 m A ,
151,860 00
W. N ..0. 1st Con#.
•'
12 two*., 2.531.000, O’1,,
99,875 00
a C, A A. 1st Ext,
...................12 Bios., 1,997,300, 5%
35.000 00
3d
••
12 mo*.,
500.000, 7%
C & G. l*i
*' ....................lim n s ., 2.000.
000, e% 100,000 00
218,010 00
1. T V ,4 fi. l*t
•• ....................lim n s ., 3.123.000, 7%
155, '00 00
----- -------- 5%
. ..
1st
"
12 mo* , 3.106.000,
033,500 00
Cons.
••
...1 2 mo* , 12,770,000, 6%
60.000 00
Ala. Cent. l* t
“
12 m o*., 1,000,000.6%
K A O . 1st
«
12 mo*., -2.000.
- -000,
O’ „ 120,0 0 00
283.000 00
<Ia.P*e. U t
**
12 mo*., 5.660.000, 5%
28.501 16
* Eq. 8. F,
*‘ — .............12 mod.,
563.000, 5%
36.000 00
Va. Mid. Serial A
"
................12 mos..
600,006, 6> 4
114.000 00
B
” . . . . . . . . — 12 toon,,
1.900.000, H'\j
C
“
................12 mos., 1.100.000, 0%
66.000 00
33,000,00
D
”
............ ..1 2 mos,,
950.000, 4%
88,7,50 00;
E
“
..... ..........12 mo*.. 1.775.000, 0%
65,500 00
............... 12 mo*.. 1.310.000, 5%
P
**
242,950
00
G eneral.................................... 12 tuix., 4 .8 5 9 .0 0 0 .
5 ,
C. A- R. RR, Rental ........
12 ino*___________
_
35,300 00
F. A !». E ll Rental...........................................................................................
266,000 00
North C arolina RR. R en tal.............................12 m o*..................................
31,250 00
: A dr •% A. L. l*t Mtgn. J’ rof.......... ............ 1 3 w o * ., $500,0 00.7 % !
297,500 00
l*t M l g e ................................ .12 m o*.. 4.2 50,0 00,7 .. ,
45.000 OtV
lu ce rn e .....................................1 2 m os.,
75 0 ,0 0 0 ,6 % !
102,000 00i
stack ......................................... I t n s * ., 1,700,000.6%
4,000 00'
Organisation E x p .. . . . . . . ___ 12 m os...........................
.
40.000 00
S. V. *t C. 1st Mtge. ......................................... 12 mos., $1,000,000, 4 ’.'.
1,050 00
Athens BeltLine Rental...................................... 12 mo*..............................
20,807 94;
WU. A W. i. RR. Trackage Rental ............... 12 m os...................................
Norfolk fit Carolina HR.
46,757 30
Trackage and Real Estate Rental..............12 m os....................... ........... j
37,125 00
G eorgia M idland Railway, lat M tge.. . ....... 9 mos. $1,650,00 i, 3%
T o O thek D eductions s rom I ncome :
M iscellaneous iut -rest and Commissions...................................................
Loss ei> Atlanta Exposition Band* .............. ...........................................
R * 31 H r . Traffic Contract, 12 m os........................................................
*•
Net Earning*, 12 m os................. ............................................
Net Deficit IS. c . A it -l. imiioat Co., 12 mos..........................................
M iscellaneous. ..... ........... ........................ ...................................................
44,458 57
556,473 19 B alance C abbibi * to Credit or Pro fit and Loss for the Y e a r .
5,612,234 40
$43,149 73
4,973
5,421
20,035
1,442
27
46
74
17
75,022 37
415,919 65
$19,360,332 44
$19,270,754 55
* For detail* see page 10 1396 Report.
i Ow ing to the Operations o f the m aking Fund*, tli*. amount o f Richm ond A- D anville and G eorgia P M t U Erjnipm*nt Bonds outstanding
varied m ring the year $1,025,000 Richmond it Daitvlllt? Equipment Sinking Fund B und' were outstanding at the begin dug o f tile year and
$y 10,000 at it* .;lo „ . * W 2,0O(i G eorgia Pa.-siie Equipment dtntlug Fund Bunds were not standing at. the beginning o f the year and $508,000
» t its close.
{ Tbe-se bonds matured April 1, 1897, and were extended at four per cent from that date until January 1.1 907 ,
T A B L E 4 . -F U N D E D D E B T JUNE 30, 1897, COMPARED WITH
JUNE 30, 1396.
June 30, ’ 96.
June 3 0 ,’ 97.
Southern By.:
1st C onsol dated M ori 'age Bonds, »% ; . . i$ 2 8,070,000 *.$27,525,000
" E a s t T ennessee’’ Reorganization Mott.
4.500.000
B ,n.ls. 4 ,—•*>*, . . . . . . . . . . . . . . . . . . . . . . .
4.500.000
R ichm ond * Danvtu* RR.:
5.997.000
Consolidated Mortgage Gold Bonds, 0%
5.097.000
3.363.000
Debenture Mortgage Bond*. 5% .......... .
3.388.000
910,000
1.025.000
Equipm ent sin king Fund K . Bonds, 5%
W anbington Ohio & Western RR.:
11,025,000
f t ,025,000
1st- M ortgage Bends, 4% t.........................
R ichm ond York R iver A Chesapeake M 8.!
400.000
100,000
1st Mortgage Bon is, 5 % ....... ...................
500.000
500.000
2d M ortgage Bonds. 4 >«•':».......... ...............
Atlantia Tennessee A Ohio RR,:
150.000
150.000
1st M ortgage Rands. 6% ................. .........
W estern North Carolina RR.:
»2,331,000
12,531,000
1st Consolidated MortgEig* Bonds, 0 % i..
•Charlotte C-Jumbla A A ugusta RR
1.997,500
1,997,500
1st Extended M ortgage Bonds, 5 % ..........
300.000
500.000
2d M ortgage Bonds, 7 % ........................... .
June 3 0 ,’90.
Carried forira rd
Columbia & Greenville RR.:
1st Mortgage Bond*. 5% —8% ...............
East Titnm-s*ee Virginia it Georgia Ry.:
1st Mortgage Bmuls, 7 % . . . .................
1st Mortgage Bouds, 5 " „ ..... ................
Consolidated Mortgage Bonds, 6*6 —
Alabama Central RR.:
1st Mortgage Bonds, 6%..
Georgia Piioiiio Ry.:
l« t M wtgage Bond*, 5"6 - ’V .Q .......- ...........
Equipment Sinking Fund M. Bonds, 5%.
K noxville & Ohio RR.:
1st M ortgage Bond*, 0 % , . . . ......................
Spartanburg Union & Columbia RR.:
1st Mortgage Bonds, 4 % .............................
J u n e 30, ’97
$4$, o6j ,soo
$ 49,433,SCO
$2,000,000
$2,000,000
3.123.000
3.106.000
12,770,000
3.123.000
3.100.000
12,770,000
1,000,000
1,000,000
5.060.000
022,000
5.660.000
568,000
2,000,000
2,000,000
1,000,000
1,000,000
$79,314,500
$80,060,500
tlueincHag bonds owned by the Southern Railway Co., and In its
Treasury, as shown In Table 7.
INot including bond* owned by the Southern Railway Co., and
pledged under it* First Consolidated Mortgage, as shown in Table 6.
THE (H R O N K LE.
628
tlB L E
5 . OUTSTANDING S E 0B R ITIE S OP LEASEHOLD
ESTATES
Virginia Midland Ry.:
'
J u n e 3 0 .'8 6 . J u n e 30,'97.
Serial M ortgage Bonds, Berios A. G"„.......
$800,000
$000,000
••
><
••
B 6‘v, . . . .
1,900.000
1.000,000
•<
*«
«
<<
....... 1,300,000
1,100.000
••
“
•*
“
X) 4%
980,000
980,000
“
<< E, 8 % 1 . 7 7 5 , 0 0 0
1,778,000
••
<*
••
y 5 % ....... 1,310,000
1,310.000
Genera) M ortgage Ronds. 5 " „ .................... 4,850,000
-1,350,000
Chariotresville * Rapidim R. R.:
___
1st. M ortgage Bonds, < ......- .......................
379,300
36 ,,000
Franklin A H tteylvania HR,:
74,000
.........
1st Mortgage Bonds, 6% ..............................
$12,917,800 $12,861,000
A tlanta & Chariot to A ir Line B y.:
1st M ortgage Preference Bonds, 7% ........
$500,000
1st M o r t g a g e B o n ita , 7 " ...........................
4 ,2 5 0 ,0 0 0
750,000
1,700,000
$500,000
4.250.000
780.000
1.700.000
$7,200,000
$7,200,000
Incom e M engage B o n d s , 6 % ......................
Stock, 6«i ........................................................
North Carolina KR.
S to c k ....................................
Georgia Midland Ry.:
1st M ortgage Bonds, 3 % .
$4,000,000
$4,000,000
............
$1,650,000
$24,147,800 $25,711,000
Total.
NORFOLK & W ESTER N
[V ol. LXV,
RAILWAY CO.
FIRST A N N U A L R E PORT-FOE THE NINE MONTHS
ENDING JUNE 30, 1897.
To the Stockholders o f the Ncnfolk & W estern R ailw ay
C om pan y:
Your Directors submit this their first report of the opera
tions of the Company for the period of nine months, from
October 1, 1890, to June 30, 1897, the end of the Company’s
fiscal year as established by the by-laws.
The Company was organized on the 24th day of September,.
1896, under the laws of the State of Virginia and the Act of
Assembly of that State approved January 15, 1896, entitled,
“ An Act authorizing the purchasers of the railroads and
property of the Norfolk & Western Railroad Company, sold
by foreclosure of a deed_ of trust or mortgage thereon, to
become and be a corporation, to adopt a name therefor, and
to possess and exercise general and other powers. ”
The Company was formed pursuant to the plan of re
organization cf the Norfolk & Western Railroad Company
dated March 12, 1896, by the purchasers at foreclosure sale
of the railroads, branches, rights, privileges, franchises and
properties of the said Company, sold under foreclosure of its
One-Hundred-Year Mortgage, dated October 29,1889.
•These bonds m atured on A pril 1, 1Q97, and wore extended at 4 per
cent from that date until January I , 1907.
T A B U ! 6 .—-STATEMENT OF SECURITIES OWNED BY SOUTH
ERN R AILW AY - O.. AND BY IT PLEDGED UNDER ITS
FIRST CONSOLIDATED MORTGAGE DEED.
PROPERTY.
N ame o f S e c o k it t .
June 3 0 ,1897.
On October 1, 1896, the Company obtained from the Re
RAir.HOAD bonds .
P ar Value. ceivers of the Norfolk & Western Railroad Company posses
$1,355,275 00 sion, and assumed operation, of the following railroads and
Alabama Central RR. Co ...In co m e Bonds and Scrip
1.051.000 00
Danville A Western Ry. Co....................... 1 st Mtge. 5%
150.000 00
E lberton A ir Llue RK. C o......................... 1st Mtgo. 7%
Miles.
402.000 00 p r ° P e r t ie S :
H igh Point R. A. & So. RR, Co .............. 1st Mtge. 6%
1. The m ain line, from Norfolk, V irginia, to the State line at B ris
390.000 00
No. Carolina Midland R R . C o.................. 1st Mtge. 0%
441
tol,
with
branches,
aggregating
a
b
o
u
t..........................................
500
000
00
Piedm ont RR. C o........................................ 1st Mtge, 6%
2. The N orfolk Terminal Division, including the railroads from
500.000 00
Piedm ont RR. C o....................................... 2d Mtge, 6%
N
orfolk
to
Lam
bert’s
Point,
lie
coal
piers,
docks
and
ware
3,000,000
00
So. Ry. Co. in K e n tu ck y ..........................1st Mtge. 5%
houses, and about 415 acres of land at Lambert's P o in t........... 5
200.000 oo
So. Ry. Co. In M ississippi......................... 1st Mtge. 5%
3. The New R iver Division, from Radford, Virginia, to K yle,
1.325.000 00
W estern North Carolina R R. Co.
.......1st M tge. 6%
West V irgin ia ; and the Cripple Creek D ivision, w ith branches,
221.01 0 00
W ashington Ohio A W estern R R . C o ... . 1st Mtge. 4%
aggregating about................
153
615,000 00
Yadkin RR. C o............................................1st Mtge. 6%
4. The North Carolina Extension, from Ivanhoe, V irginia, to the
State line o f Virginia and North Carolina, com pleted, h ow
Total B ond s...................................................................
$9,709,275 00
ever, to Gossan, w ith branches, aggregating about................... 18
5. The Clinch V alley Division, from Graham, Va., to N orton, with
RAILROAD STOCKS.
branches,
aggregating about......................................
116
Alabama Great So. Ry. Co., Lim ited..........Claes “ A ”
$1,725,000 00
6. The Ohio Extension, from Kyle, W e-t Virginia, to Coal Grove,
“
"
•• “
“
“
.......... Class “ B ”
4,540,05000
form erly Petersburg, Ohio, w ith branches, aggregating about.207
K n oxville & Ohio R R. Co..................................................
1,111,300 00
7. The M aryland & W ashington Division, form erly the Shenan
Memphis A Charleston RR. C o.......................................
2,656 525 00
doah V alley Railroad, from Roanoke, V irginia, to H agers
Southern Ry. Oo. in Kentucky........................................
998,200 00
tow n, Maryland, w iih branches, aggregating ab ou t.................. 257
V irginia Midland R y. C o................................ : ................
5,154,400 00
8. The Lynchburg & Durham Division, form erly the L ynchburg
& Durham Railroad, from Lynchburg, V irginia, to Durham ,
T otal stooka.................................................................. $16,185,475 00
N orth Carolina, about..........................................................................114
O T H E R SE C U R IT IE S.
Balt. Ches. & R ich. Steamboat C o...C ertif. o f Xndebt.
“
“
“
“
“ ........................Stock
$250,000 00
250,000 00
Total other Securities.................................................
$500,000 00
Total Bonds, S tocks and other Securities..............
$26,391,750 00
Book Valuation, as per Balance Sheet...................
TABLE
7-S T A T IiM E N T OF “ SECURITIES
UNPLEDGED.”
$14,155,384 82
IN
TREASU RY
On December 1, 1896, the Company obtained possession,
and assumed operation of the
9. Scioto V alley Division of the N orfolk & W estern R ailroad Com
pany, form erly the Scioto V alley & N ew England Railroad,
from Coal Grove,, Ohio, to the City o f Columbus, together w ith
the leasehold interest.™ the Union Depot, Columbus, and
the Columbus terminals, the property o f the Columbus Con
necting & Terminal Railroad Company, at Columbus, O h io ...135
10. R oan oke & Southern Division, form erly the B oauoke & South
ern R ailway, from Roanoke to W inston, North Carolina, ag
gregating a b o u t...................................................... .......................... 123
The Company having acquired all the bonds, capital
stock and obligations of the Roanoke Machine Works, and
the same having been canceled, the property and franchises
of the Roanoke Machine Works were by deed dated January
18, 1897, conveyed to the Norfolk & Western Railway Co.
The Railway Company owns and holds title to all the fore
going properties by direct ownership.
The Company also acquired with the foregoing properties
and at sequestration sales :
1,876 shares of the capital stock of the Old Dominion Steam
ship Company, par value §100 each.
1,995 shares of the capital stock of the Pocahontas Coal
Total B on d s....................................................................... $1,712,400 00
Company, par value §30 each.
RAILROAD STOCKS.
1.000 shares of the capital stock of the Virginia Company,
A labam a Great Southern Ry, Co., Ltd., Class “ B ” ........
$65,500 00
par value §100 each, together with claims of the Nor
Asheville A Spartanburg RK. C o ................
1,047,981 83
folk & Western Railroad Company and the Receivers
E lberton Air Line RR. C o............................................................
88.450 00
against the Virginia Company, for loans and advanaasGeorgia Southern & Florida Ry. Co. 1st P referred..........
409,000 00
amounting to §300.832 58.
Georgia Southern & Florida Ry. Co. 2d Preferred...........
409,000 00
Georgia Southern & F lorida Ry. Co. Comm on...................
409,000 00 6.000 shares of The Columbus
Connecting & Terminal
K n oxville & Ohio R R . C o.......................................................
6,000 00
Railroad Company, par value §100 each, 65 p. c. paid.
N orfolk & <’aroltaa RK. Oo...................: .............. .............. .
500,000 00
Southern Ry. Co. in K en tu cky.....................................................
1,800 00 And sundry miscellaneous securities.
J u n e 3 0 ,1897.
r a il r o a d b o n d s .
P ar Value.
Chester & Lenoir Narrow G auge RR. Co. 1st Mort, 7 % . .
$75,500 00
Cape Fear & Yadkin V alley Ry. Co. 1st M, Class “ A ” 6%
153,000 00
K entucky & Indiana Bridge Oo. 1st Mort. Terminal 5%.
85,000 00
Kentucky & Indiana B ridge Co, 2d M ortgage 5 % ............
90,200 00
Southern Railway Co. 1st Con. Mort. 8% ...........................
606,000 00
Blue Riilge RK. Co. M ortgage Loan 7% ..............................
496,000 00
Franklin A Pi: tsylvatiia RR. Co. 1st M ortgage 6%..........
74,500 00
H artw ell RR . Co. 1 st M ortgage 10% ...................................
16,200 00
Lawrenceville Branch RR. Co. 1st Mortgage 7 % ............
30,000 00
M ilton & Sutixerlin R R . Co. 1st M ortgage 8% ...................
26,000 00
N
am e
of
Secu
r it y
.
D anville & Western. Ry. C o...................................................
P63.600 oo
C A PITA L STOCK.
Georgia Midland Ry. C o............................................................... 1,000,000 On
By the plan of organization of the Company the total
H artwell RR. Co ......................................................................
13,000 00
High Point Ramil- man Ashboro & So. R R . Co.........................212,500 00 authorized amount of stock of the Company was fixed at
Milton A Sutheriin RR. C o.......... - .......................................
36,400 0
§89,000,000, consisting of two classes:
Richm ond A M ecklenburg RR. C o............................ -..........
300,000 00
$66 000 000
State University i R. Oo....................................................
u) g o o 00 Common stock, ' 6 ,000 shares.......................
Spartanburg Union & Columbia KR. C o............................ 1.000,00000 Adjustm ent preferred stock, 230,000 shares............2 3 ,0 0 0 ’000
Yadkin KR. Co...............................................
462,750 00
FUNDED DEBT.
M iscellaneous.............................
26,475 00
T otal Stocks.............................
OTIIEK SECUlilTIES.
Richmond & M ecklenburg RR. Co. Cert, o f Indebtedness
East Tennessee Telegraph Co, S tock...................................
Ket-ilwoi th Inn Co, Stock ...................................................
Sheffield Machine W orks B o ip s , 1st Mort. 6% ..................
Shi llil'l 1 Machine Works, S tock............................................
Southwestern Construction Co , S t o c k ............. ..............
M iscellaneous .......................... ...............................................
Total other securities.......................................................
$6,873,256 83
$72,048 37
1.750 (0
16.000 00
100,000 00
25,500 (10
10.800 00
41,693 01
$2 7 3 ,5 9 1 4 1
T otal Bonds, Stocks and other S ecurities.. . . . . . . . . . . $8,359,248 2-1
B ook valuation, as per Balance Sheet..........................$1,701,384 25
The railroads and property embracing the main line from
Norfolk to Bristol and the New River Division were pur
chased subject to the following liens:
Bonds and obligations scoured by D ivisional Lines, p rior
to the General M ortgage of the N orfolk A Wes ern Rail
road Company, dated M ay 4, 1881, amounting t o . ........... S3.505.200
Bonds of t h e N orfolk & Western R ailroad Company issued
under its General M ortgage, dated M ay 4,1381, executed
to the Fidelity Insurance Trust & Safe Deposit Com
pany, Trustee; amounting t o .........................
7 .733 qqo
Bonds o f flu- N orfolk A Western RailroadC mpauy',issued.
’
’
under its New R iver Division First Mortgage, dated May
12, 1882, executed to the F idelity Insurance Trust &
Safe Deposit Company, Trustee, amounting t o .........
2 000 000
Bonds of the Norfolk & Western Railroad Comp ray issued
’
’
under its Im provement and Extension Mortgage, d a ffll
December 21 ,188 3, executed to the Fidelity Insurance
Trust A Safe Deposit Company, Trustee, amounting t o .. 5,000,000
October 2, 1897.]
THE CHRONICLE.
M ILES OP R OAD OPERATED.
The Scioto Valley Division and the property of
The Columbus Connecting & Terminal Railroad
Company were purchased subject to the following
liens:
Bonds o f The Scioto T a lle r & New England R ailroad Com
pany. issued under its First M ortgage, dated N ovem ber
1, L6*9, executed to the Central Trust Com pauy o f New
T o r t , Trustee. tmumitiiu: t o .................................................
Bonds o f The Columbus C..uniit-tlnt- & Term inal Railroad
Com pany.Is-ued unde its First M ortgage, dated May 4,
1892, executed to the Atlantic Trust C om pany, Trustee,
atuouB tingto....................................................................... ........
At the close of the fiscal year the length of line operated
was 1,569-28 miles, as follows :
5,000,000
000,000
M aking the total amouut o f the p rior Hens.................... $23,388,200
In pursuance of the plan of organization the Company ex
ecuted its First Consolidated Mortgage, dated October 32,
1896, to The Mercantile Trust Company as Trustee, provid
ing for the total issue of $02,,500,000 First Consolidated Four
Per Cent Gold Bonds, dated October 22, 1896, and maturing
October 1, 1996, to be issued as follows:
$23,322,800 issued to the Purchasers in consideration o f the transfer
o f the property,
$25,086,889 reserved to take up the above-m entioned undisturbed
p rior obligations.
$3,500,000 reserved for the purchase o r paym ent o f ear-tr ist obliga
tions and oth r charges; fo r the creation o f a r -serve
fun t for special Improvements and fo r any other neces
sary purposes o f the R ailway Company
$9,690,511 reserved, under carefully guarded restrictions, fo r new
construction and acqubutions, and for betterm ents nn<l
Improvements, Such bonds to be Issued at a rate not e x
ceeding $1,000,000 p er anr.um.
The mortgage authorizes the issue, in place of the above
$3,500,000 of First Consolidated Bonds, of a like amount of
Fifty-Year Prior Gold Bonds, if it be found advantageous so
to do.
The First Consolidated Mortgage is a first lien on the
Norfolk Terminal Division,
Clinch Valley Division,
Lynchburg & Durham Division.
Roanoke £ Southern Division,
Maryland & Washington Division,
Ohio Extension,
North Carolina Extension,
aggregating about 840 miles. It is also a first lien on the
Roanoke Machine Works.
CAR-TRUST CERTIFICATES AND BONDS.
Certain of the Company's rolling stock was acquired sub
ject to the lien of Car-Trust obligations of the Norfolk a
W estern Railroad Company, as follows:
Car-Trust OnrtMcatea o f 1892 ................................. ......... $334,000 00
183 ................
Total
................................................................$670,00000
There has been paid during the nine months:
Lam bert's Point, N orfolk, to B r is to l..
B ran d ies...............................................
Roanoke to Hagerstown........................
B ranches................................................
Cripple Creek Junction to Iron Ridge.
Branches...............................................
Radford to Colum bus.............................
Branches to c o a lm in es.......................
Graham to N o r to n .................................
Brunches to coal m ines...................... .
Lynchburg to Durham ,.........................
Branches...............................................
Roanoke to Winston-Salem...................
Branches.................... ...........................
M ain Z ine.
412-32 miles.
3 4’4 0 miles.
18-30
.22-76
.3 6 1 2
ft
238-11
if
45*19
g,
a
401-87
.15-78
“
tf
. 100
tt
100-40
121-30
2-79
tt
„
Branohes......................... ................... ..............
1,434-62
. 131-15
ft
ft
Total miles ow n ed .......................................
Colnmbns Connecting & Terminal Railroad.
1,565-77
3-51
ft
tt
Total m iles operated...
1,569-28 m iles
Second T u x es:
Lambert’s Point to N orfolk ............................ 3-87 m iles
Roanoke to Kills t o n .........................................21-84 “
Chrlsttansburg to R ad ford .............................. 12-66 "
Bluetield to Blue-stone J u n ction .................... 10-07 “
Ennis to North Fork J un ction........................ 4-88 “
Total second tra ck ......................................54-02 ■'
S id in g s............................. .............................................................. 4396)8 m iles
The average mileage operated during the nine months was
1,512-1 miles,
EARNINGS AN D EXPENSES.
The operations for the period from October 1,1896, to Juno
30,1897, show the following results:
Earnings—
From passengers.............
$902,194 44
0,518,945 92
F reig h t......................
Mail ................................................................
1 3 6 ,4 Ml 09
E xpress...........................................................
108.433 84
M U ooliam ous s o u r c e s ...............................
6 6 .1 3 1 7 7
Total earning* ......................................................................$7,732,159 06
Expenses [incinding taxes) —
doudnettag tra n sp orta tion ....... .............. $2,191,069 21
Maintenance o f engin es............................. 1,102,725 42
M aintenance o f on**...................................
7*19,431 8 7
Maintenance o f w a y .......................................... 1,154.881 37
Commercial D e p a rtm e n t...............................
205,023 81
General ex pen ses........................ ............ .
205.421 65
5,028,035 36
Total expenses
Net earning* from operation ..........................
Incom e from other sou rer,, Interest and dividends.
$2,104,133 70
...
1 6 .1 3 1 9 7
T ota l.......................................
$2,130,305 67
Fired charges—
Interest on funded debt. Including interest on Colum
bus Connecting A Terminal Bonds and Car-Trust
o b lig a tion * ........
..........
1,615,146 41
Certificate* a t 1*9 2.................... .........................$ 1 5 .0 0 0 0 0
Bonds o f 1893..................................................... .
i t ,000 00
T o ta l....... ........................................................... 20.000 00
bea rin g outstanding on J a n e 3 0 ,1 8 8 7 ............................ .
629
*614,000 00
Net in com e.............................................................................
Deduct advances L> subsidiary com panies_______ _____
$475,159 26
10,310 98
These obligations are payable by instalments in January,
Surplus...........................................................................
$459,948 28
April, July and October of each year. The last of the cer
tificates! of 1892 matures in October, 1902, and the last of
The operating expenses, including taxes, were 72'79 per
the bonds of 189,1 matures in January, 1903.
cent of the gr-w* earning*. Th- taxes for the nine months
In addition to the above there were outstanding June 30. were $346.'HI 56, and th - ©pirating expanses, exclusive of
1897, $0,000 of the Equipment Mortgage Bonds of 1888, these taxes, were 69-0 p?r cent of the gross earnings.
bonds not having been deposited with the Reorganization
(The above statement does not include the operation of
Committee.
The Scioto Valley and Winston-Salem divisions for the
FINANCIAL.
months of October and November, 1-98, as possession of
In accordance with the provisions of the plan of reorgani those properties was not obtained until December 1, 18 96.)
zation, the Norfolk & Western Railway Company delivered
A comparison with tin- operations by the Receivers during
to the Purchasers:
the corresponding period of the preceding year would show:
$23,332,500 First Consolidated Mortgage Bonds,
D ecM M etn cross earning* o f ................................................. $526,229 55
$28,000,000 Adjusting t Preferred Stock.
Detrreow In opar.trlug D ijH ttS H O f.......................... ........... 935,413 27
$66 000.000 Common Stock,
Increase in nut earnings o f .................................................
of which there were returned to the treasury of the Rail
way Company;
•*$7,800 First Consolidated Mortgage Bonds,
$308,939 Adjustment Preferred Stock.
$1,020,012 50 Common Stock.
The $100,000 Consolidated Mortgage Third Preferred 6 Per
Cent Bond* of the Scwrthside Railroad Company which ma
ture l January 1. 1897, were extended to July 1, 1900, at 5
per COlit interest per annum.
The condensed balance sheet annexed to this report shows
the financial condition Of the Company on the 30th of June.
1897.
The following is a summary of the funded debt on June
30, 1897, and the annual Interest charges of the Company
which will accrue thereon during the fiscal year ending
June 80, 1898, as shown in detail in the Treasurer's state
ment Or funded debt hereto appended:
U Kr.
PBUeOIPAT,.
IBvisional Son* ...................... ...............$i,5n5,sf>n 00
M uflgave........ ............................... 7,28 3.000 00
N f v River I> r Ubm First Mnr I v.: _ <•........ 2.01*0,00000
Im pr«'< m rnt and Kxren-»«a M ortvave .. 6,000,060 0 0
BW»-n V »U »-y* v.-w EnvIfUid 1-t Start..
5 ,0 0 0 ,0 0 0 0 0
Cblntsba* CoeKecTibit ,fc Term inal l i t M .
60* ,00u 60
First Cou sol i-i ,*i. Mo, t. (Otir-i, u d ln g ;.,, 22,854,650 0 0
1ST. CII.U10K.
$209.50? on
136,000 00
1211,00000
300,000 00
300,000 00
30,000 00
91-1,186 00
T «t»l»
.........................................
«4 A 2 4 3 i5 3 b 00 $2,210,673 0 ■
BOtiipq bunds A Car Trust o bligation s,,
$650,000 00
$28.512 50
From this it appears that the annua1 interest charges of
the Company, including interest on Car-Trust obligations,
are $2,239,183 SO.
409,213 72
The decrease in op-Kiting expenses is due mainly to the
large expenditures' made by the Receivers during the last
year of th ir operation, in putting the road and equipment
In better condition. Owing to the decreased earning* re
sulting from the strike in the coal fields in 1893, all the
necessary expenditures for maintenance and improvement
of the property could not be made during that year.^ The
new Company" has, however, made important economies in
every department of its service, and especially in its Trans
portation Department, which has been reorganized upon an
economical basis.
CONSTjBD JFtQN, EQUIPMENT AND BETTERMENTS.
In addition to the above expenses of maintenance, the
following expenditures for construction, equipment and
betterments have been made and charged to capital
account;
For Engineering............ ...........................
R,» .J h o i i
. . . . ............................. . . . . . .
Rtm«l HUperiti-iiotttre...... .................
" Bridges . . . . . ..................................
Fences and oat tie-guards.................
B uilding*..............................................
Branch lines and spurs....................
I.(loom d ives....... ...................
Air-broke* and autom atic couplers
Total.
$290 60
0.028 4 4
36,333 09
15,5 <7 63
60 93
00,690 5 4
46.448 5 9
75,670 0 0
4,911 0 0
.$246,031 72
Of the above amount. $30,755 93 was expended for im
provements and betterments and $40,448 59 was expanded
on account of branch lines and spurs constructed prior to
THE CHRONICLK
630
[V ol. LXV-
For details of the operations o f the Transportation De
partment your attention is invited to the report o f the
Vice-President and General Manager in the pamphlet report.
The o Beers and employes o f the Company have faith
TRAFFIC.
The general depression in business throughout the coun fully and efficiently discharged their duties during the
try was reflected in the decline in the Company’s passenger vear. Bv order o f the Board, M V \'li V FT N K P r e s i d e n t .
and freight traffic. The revenue from the former shows a
decrease of $101,149 32, or 1.V3 per cent, and that from the
GENERAL BALANCE SHEET JUNE 30, 1897.
latter a decrease of $349,277 88, or 5 per cent, as compared
with the corresponding period of the preceding year. The
C apital Assets.
bituminous coal traffic both to the East and West has been
C ost o f R o a d a n d E q u ip m e n t :
in a demoralized condition.
Railroad, Franchises and other
____
The Comptroller’s statements appended to this report show
Property................. ........................ $123,731,319 73*
Rolling
Stock....................................
8,825,806
30
in detail the amaunt and character of the traffic trans
1 3 2 ,5 5 7 ,1 2 6 0 3
ported during the nine months.
C a p it a l
E x p e n d it u r e
D u r in g
the Receivership and assumed by the Company. The
remainder wns expended for new locomotives and other
additional property.
M
EQUIPMENT.
PHYSICAL CONDITION.
The Company's property has been kept in good repair, an d
considerable improvements have been made during the year
in substituting iron and steel structures for wooden trestles
and defective iron bridges.
Fifteen thousand tons of steel rails have been purchased
during the year and 1,440 tons were acquired with the prop
erty.
A new office building has been erected at Roanoke.
On September 29, 1896, just prior to the Company's ob
taining possession of the Maryland and Washington Divis
ion, the country traversed by that road was visited by a
hurricane and rainstorm of great severity, washing out sev
eral miles of track and destroying embankments, bridges,
culverts and trestles. The operation of the division was
suspended for about a week, until temporary repairs could
be completed. The permanent repairs anil renewals are
being made with a view o f strengthening and improving
the roadway and structures.
AUDITING BOOKS AND ACCOUNTS.
The Company’s by-laws provide for the election by the
stockholders at each annual meeting of an independent
auditor or firm of auditors to audit the books and accounts
o f the Company, and that the Board of Directors shall
appoint such independent auditor or auditors prior to the
first annual meeting, and until others have been elected by
the stockholders. Messrs. Price, Waterhouse & Company
were appointed by the Board for the first audit and their
certificate is published with this report.
E
onths
n d in g
J
30,
ose
13 9 7:
New onstruction............................
Improvements and Betterments..
Rolling Stock. ..................................
Branches and Spurs (Refund Pay
ments) ..............................................
The equipment acquired with the properties consisted of
406 locomotives, 242 passenger cars, 16,027 freight cars, 303
road-service cars, 2 tugs ana 9 barges. Seven freight loco
motives and 100 freight cars have been added during the
year.
B
alance
c a r r ie d
D
GENERAL REMARKS.
46,448 59
9 4 6 .0 3 1 7 2
3 ,5 5 7 ,5 4 2 2 5
ow n
$ 1 3 6 ,3 6 0 ,7 0 0 0 0
O r.
C a p it a l L i a b i l i t i e s .
Ca
p it a l
Sto
c k
:
Adjustment Preferred.................... $23,000,000 00
Common_______________________ 66,000,000 00
------------------------F u n d e d DEbT, &c.:
Norfolk & Petersburg Railroad
$496,000 00
Co. Second Mortgage Bonds...
South-ode Railroad Company Con
1,013,300 00
solidated Mortgage B o n d s .----Virginia & Tennessee Railroad Co.
985,000 00
Enlarged Mortgage Bond-..........
10,900 00
Six Per Cent Preferred Stock...
1,000,000 00
Fourth Mortgage Bonds..............
Norfolk A Western Railroad Co.
7.283.000 00
Gen. Mort. 6 Per Cent Bonds—
New River Division First Mort2.009.000 00
gage 6 Per Cent Bonds.............
Improvement and Extension
5,000,000 00
Mortgage 6 Per Cent Bonds...
Scioto Valley & New England
RR. Co. First Mort. 4 Per Cent
5,000,000 00
Bonds............................................
Columbus Connecting & Term.
R J.. Co. 5 Per Cent Mort. Bonds
600,000 00
Norfolk & Western Ry. Co. 1st Con.
Mort. 4 Per Cent Gold Bonds___ 23,322,500 09
89,000,000 00
4 6 ,7 1 0 ,7 0 0 0 0
E
q u ip m e n t
L
ie n s
:
Norfolk & Western RR. Co. Equip
ment Mort. BoDds of 1838___
Car-Trust Certillcates of 1892..
Car-Trust Bonds of 1893............
$6,000 00
31
00 00
325,000 00
-- --------------------
RESERVE FUNDS.
The condensed balance sheet appended to this report
shows the balances on June 30th standing to the credit of
the Equipment Renewal Fund, the Rail Renewal Fund and
the Casualty Fund.
The Casualty Fund was created for the purpose of charg
ing the early operations of the Company with a due propor
tion of expo ses on account of injuries to persons and dam
age to freight resulting from accidents. This fund may be
abolished when it has served its purpose, unless it is desired
to continue its operation, with the view of a more uniform
distribution of the expenses of this-character.
$68,246 20
50,755 93
80,581 00
______
‘ Note .—This
6 5 0 ,0 0 0 0 0
$ 1 3 6 ,3 6 0 ,7 0 0 0 0
amount may be increased by unliquidated liabilities
of the Receivers iu respect of dispu ed claims ainou ting to about
$125,000. On the other hand, a further am >unt, estimated at about
$85,000, will probably be received from the Reorganization Committee.
CURRENT ASSETS AND LIABILITIES.
D r.
C u r r e n t A s s e ts .
Co m
p a n t 's
S e c u r it ie s
in t h e
T
r e a su r y
:
Adjustment Preferred Stock...............................$308,939 00
Common Stock................................................ 1,620,612 50
First Consolidated Mortgage Bonds........ 467,850 00
T
„
„
------------------- $2,397,401 50
In v e stm
e n t s in O t h e r
Re c e iv a b l e
Accor N T s
Com
:
p a n i e s ................................................
251 802 50
In view of the great depression in business that prevailed
Station Agents ......................
$184,765 36
during the period covered by this report, the stock and
U. S. Government................................................
47,095 72
Individuals and Companies............................. 351,317 05
bond holders have reason to be satisfied with the results of
0 0 0 ,1 i O AO
the first nine months’ operations of tiie Company. These -*I-n s u r a n c e a n d -»L i c e n s e s _P a i d i n a d v a n c e .....................
32 702 29
results serve to show that the Company lias been organized M a t e r i a l s a n d S u p p l i e s ........................................................................
570 896 53
on a safe and stable basis. The Company has not as yet C o n d e m n e d E q u i p m e n t a c q u i r e d w i t h t h e R o a d
7 0 ,1 7 8 5 4
received the full benefit from the Ohio and Clinch Valley C a s h .............. ............................................................................................................. 1 , 7 1 9 , 5 9 5 1 6
extensions of the system, the continued depression in busi
$5,625,754 65
ness having retarded the development of the local resources
O r,
o f the country traversed by these roads.
C u r r e n t L ia b ilitie s .
Friendly relations have been maintained with connecting B a l a n c e f r o m C a p i t a l A c c o u n t ____
$3,557,542 25
644,304 00
as well as competing transportation lines. The rates of AI nctceoruenstts oPna Fy auhn ldee d: D e b t , a c c r u e d
freight in the territory of the Southeastern Traffic Associa
Pav Rolls................................................
$373,969 33
Audited Vouchers.................................
tion, of which Association this Company is a member, have
. 191,436 75
Individuals and Companies...............
86,589 78
been fairly well maintained. The Company’s road forms
-----------------------6 5 1 ,9 9 5 8 6
part of the co-operative fast-freight lines known as the T a x e s a c c r u e d ....................................................
....................................
8 3 ,7 6 1 2 2
“ Cumberland Gap Despatch-’ and the “ Norfolk & West R e s e r v e F u n d s :
Equipment Renewal............................
ern Despatch,” which lines co-operate with members of the
$91,722 47
Rail Renewal................................... .
. 4 7.32414
Joint Traffic Association in their efforts to prevent unjust
Casualty.................................................
56,000 00
discrimination in the rates of freight from Eastern cities to
-----------------------1 9 9 ,0 4 6 61
Diventory Adjustment Acoount...___
points of competition in the West and Northwest.
...........................
29,256 43
o p e r a -d L oss :
The public is beginning to understand that the main ob P rSurplus....................................................
4 5 9 ,8 4 8 2 8
ject of the Act to Regulate Commerce—viz., to prevent un
just discrimination—cannot be attained until the cause of
$5,625,754 65
such discrimination—i, «.. unrestrained competition—shall INCOME ACCOUNT FOR NINE MONTHS ENDING JUNE 30, 1897
have been removed, and that this can only be done by per
D r.
mitting transportation companies to regulate competition O p e r a t i n g E x p e n s e s ;
Maintenance of W ay....................................... $994,720 33
by means of efficient traffic associations. Experience has
Maintenance of Engines................................. 1,084.571 9 7
demonstrated that such regulations cannot be made effective
Maintenance of Cars........................................ 709,670 80
so longas the A ct to Regulate Commerce prohibits the appor
Conducting Transportation........................2,184 2 3 3 5 1
tionment or division of competitive traffic and the payment
General Expenses.............................................. 203,282 36
205 022 81
Commercial Department. . ...................... .
in money of any balance that may become due to the
axes
------------------------- $ 5 , 3 8 1 , 5 0 1 7 8
weaker transportation lines. It is hoped that the Congress Ti aam
....................................................... .......
246 533 58
at its next session will amend the Act to Regulate Com B a l a n c e c a r r i e d t o N e t I n c o m e A c c o u n t ......... 2 , 1 0 4 [ l 2 3 7 0
merce so as to permit the division of competitive traffic,
improperly termed “ pooling."
$7,732,159 06
THE CHRONICLE.
October 3, 1897.]
Or.
U RSW U S:
Freight.......................
$6,518,945 92
Passenger............................................................
902.194 44
M a il..................................- .........................
136.453 09
E xpress . . ....................................................
108.433 84
M is c e l la n e o u s .........................................................
ISTEKEsr on
F
6 6 ,1 3 1 ,7
-------------------------- $ 7 , 7 3 2 ,1 5 9 0 6
N ET INCOME ACCOUNT.
Dr.nr....................................... ..........$1,619,958 P i
unded
I n t e r e s t o n C a r - T r o -t C e r t i f i c a t e s a n d B o n d s —
ADVANCES TO SUBSIDIARY COMPANIES WRITTEN O F F ... .
S u r p l u s c a r r i e d t o G e n e r a l B a l a n c e S h e e t ..............
2 5 ,1 8 7 5 0
1 5 ,3 1 0 9 8
4 5 9 ,8 4 8 2 8
$ 2 M 2 0 .3 0 5 6 7
B a l a n c e f r o m i n c o m e a c c o u n t ...............................................$ 2 ,1 0 4 ,1 2 3 7 0
D i y i d e s o s , I n t e r e s t , E t c ...............................................................
1 6 ,1 8 1 9 7
It is considered to be for the interest of the stockholders
that the road should be put in the best physical condition,
to enable it to be operated in the most economical manner.
In view of this, the viaduct over the Cattaraugus Creek, on
the Buffalo Division, is being replaced by a heavier struc
ture, the line shortened 395 feet, and the grade improved at
that point. Up to June 30th, 1897, $32,837 14 had been
expended for this item, which, with the balance of the cost
of this improvement, will be charged to ExtraordinaryExpenses in monthly installments from July 1st. The
Board has also authorized the necessary outlay, during the
ensuing year, for shortening the main line 3>.< miles between
Falls Creek, Pa., and Lane’s Mills, Pa., and for reducing
other grades and curves wherever it can be done to
advantage.
$ 2 ,1 2 0 ,3 0 5 6 7
W e hereby certify that we have examined the foregoing
Balance Sheet and relative Income Account with the boots
of the Company, and that we find the same to be correct.
P r ic e , W a t e r h o u s e & Co., Audxtirra,
London, New York and Chicago,
September 13,1897.
BUFFALO
ROCHESTER
RAILWAY
&
PITTSBURG
COMPANY.
TWELFTH ANNUAL REPORT—FOR
YEAR
ENDING
631
T R A F F IC STATISTICS.
The revenue tonnage moved was the largest in the history
of the Company, as follows:
Bituminous c o o l ....... ...................................... ........
East year. ..........................................................
An increase of 21-22 per cent, or. ...
Cote............... ......................................................
Last year.......... ........................... ............ ............
5 1 6 ,4 1 7
A n Increase of 1 7 -4 1 per cent, o r. . ..
Other freight
.................................................
East y e a r ..................... ......................................
6 3 ,9 4 3
An Increase of 1 -7 8 per cent, o r .......
Grand total tonnage ............................................
East year ..............................................................
1 7 ,3 2 1
JUNE 30TH, lHOT.
A n Increase of 1 8 -8 3 p e r sent, or. -- ....
5 9 7 ,6 8 1
The Punxsutawney Iron Company has erected a blast fur
The Directors of the Buffalo Rochester & Pittsburg Rail nace, with the latest improvements, at Lindsey, near Punxway Company submit to the stockholders the following sutawney. Pa, This furnace, which will be put in operation
report for the year ending June 30th, 1897:
shortly, will have a daily capacity of about 2 0 tons pig
Grtwa Earning* ........ .............. ............................
iron. The iron ore and other mat-rials requited will furnish
.......... $3,347,27603
Again*t last yrar ................................................. ................... 3,179.776 57 return loading for your coal cars from Buffalo and other
An inmva*e o f 5-27 te r cent, o r.....................................
*167,499 46 points.
The passenger traffic was as follows :
O p e r a <114 f
t
A gain*! Inst year
....................... .
,, ......................... #2,253,454 17
.......................................... .......... .......
2,200,716 50
An tear*— * o f 8-40 p er cent, o r .....................................
#32,737 67
Net Earning*.................... ......................................... .............. $1,093,821 >6
979.060 07
Against last y * M ........................... ................... .......................
An
11-72 per cent, o r ..................................
#114,761 79
Cvst o f operating, including #20,064 14 extraordinary
expcB*c*»«rt Improvement*, and e s c M l s * #33,410 23
mtH-etlanemi* receipt*............ ..................................... .. 68-05 per cent
Agatn-t last y e a r........ ......................
......................... — 7 0 7 0 per cent
Passenger* c u r r i e d .................................. .............................................. 7 1 1 ,8 2 7
L a st y e a :
................................................................................................. 7 4 2 ,1 0 2
A decre.iM- nf 3 68 per rent, or......................................
27,275
Since 1893, the year of the World’s Fair, when the highest
figures were reached, the passenger traffic has been gradu
ally falling off, owing to the prevailing hard times.
ROAD OPERATED,
1897.
1890.
Miles.
Mile*.
340 09
Main line owned.
....................... .240-09
14-68
BmnehCM owned*, *.......................... . 13*68
T im e proprietary road*......... . .. 30*03
30*93
T w o leased road
....... . . . . . . . . , 27-78
27 76
T ra o to e e r ig h ts .....
................. . 26-20
88-20
A (W r * * * « o f....... .......... .............................................. .
2 0 3 prr c. nl
From the Set Karol ft** ...................................................... $1,093,821 SB
are I* be deducted:
Length of road operated...............
Intere.t on funded debt................................$ 5 9 8 ,7 7 7 31
Siding* ......................................... .1 I3-S8
Interest nn fleeting d e b t . . . . . . . . , , ..... ........... 46,704 7*
3 4 ,1 6 4 * 0
Erie RR. c o .—Renlai o f track ............. .
Total mile# of track operated ..... 482-54
r'ifN.r’IcM A U nboning Ry. O0»*-R*at. o f irk. 71,500 00
T o’’a! mi m laid with gleet r a ils .... .451-51
M abon ltg V a ik y UR. C o.- Rental o f track. 15,000 00
Total tolics laid with iron r a ils.. . .. , 23-00
T a te * ..................................................................... 76.703 80
339*86
132-07
471 73
4 41-73
30-00
In
crease.
De
crease.
1-00
100
11-81
10-81
12-81
2-00
The decrease of one mile in the length of road operated
a r is e s from the abandonment of the Dixon Mine branch,
# 2 50,9 712 7 The (ridings were increased 8-94 per cent, or 11-81 miles,
20.084 14 making the ratio of sidings to road operated at present
#230,887 13 time -12*49 per cent, as against- 38*88 par cent last year.
Total d e d u ctio n * ,.,.________ . . . . . — ............. .......... #042,85039
» • Incom e..... .................................... ......... ...........................
Extraordinary expen** * and in provem en t . .....................
Profit......................................... ............................... ..................
A *fti9*tlft»t y ear.................................................................
An Increase o f 96-26 per cent, o r . . . . . ................ ...... . . .
117,644 03
$113,243 10
After meeting the fixed liabilities of the year and expend
ing $30,084 14 for extraordinary expenses arid Improvements,
there remained the sum of $$©,8OT 13 to be carried to the
credit of profit and loss account,
The rate received per ton per mile was increased St-100th
of a mill, being 4 80-100 mills,m against 4 78-100mills a year
ago. The average distance each ton was hauled decreased
12 18-100 miles, being 131 52-100 miles, am against 143 70-100
miles last year. The gam in revenue comes principally
from the increased tonnage, the latter showing an increase
of 15 83-100 per cent. Although better freight rates were
reasonably expected for the post year, only a slight increase
was obtained. There seems to be no immediate prospect of
an improvement, and in the ensuing year rotes are likely to
be even lower.
Expenses were increased 2-40 per cent, on account of the
large expenditures made in the Maintenance of Way De
partment for re-laying track with heavier standard steel
rail*, filling trestles, re-building bridges and reducing grades;
also by large outlays for repairs to rolling stock. In addition
to running your own shops to their utmost capacity. *245
cars and <> rigiro's were repaired at outside works at a cost
of $99,175 95, included in operating expenses.
7 he benefits of the improvements made during the past
few years have commenced to favorably affect the cost per
ton per mile—the average of 3 14-1 Off mills this year being
the lowest ever reached by your Company—a decrease of
Ift-lOOth of a mill from last year.
The average number of tons per train mile was increased
27, being 296 now, a« against 269 a year ago.
A gradual reduction in the cost of operation will also fol
low in the same ratio as the tonnage increases. We there
fore look to an increased tonnage for more satisfactory
results.
CONSTRUCTION.
The following amount s were charged to this account:
Three new bruise*—Hth
............................................
Filling gt'ven trestle*- -:sl c o s t .................. ......................
Re-laying track with heavy -t e d rail* ...........................
New turn-table* at Clarion J e t , P » „ and Elk Run, P »
N»w telegraph lin e .. .......... ..........
................................
Additional facllltie.*- Buffalo dock - and tre stle s.........
hand and land d a m a g e * .....................................................
S ilo fur Du BoU - b op *...........................................................
New shop*, fool- and machinery -Du Bois, P a..............
Now freight and passenger stations..........................
New water s t a t io n * ..............................................................
Siding* and track extensions............................................ Sundry m iscellaneous Item*.............................................-
$ 1 ,7 0 9
5 ,7 1 4
3 2 ,4 1 9
5 ,0 0 9
1 ,5 0 3
1 6 ,9 1 5
3 ,4 1 7
5 ,0 0 0
5 4 ,6 7 2
3 ,2 8 1
1 .2 1 9
4 1 ,8 2 3
5 ,7 9 1
84
56
87
90
86
29*
61
00
87
83
50
81
96
T otal......................................................................................... $178,540 90
During the year 38 9-10 miles of main track were re-laid
with standard steel rails, weighing 80 lbs. to the yard,
making a total mileage of 170 64 100 miles, or 82-16 per cent
of the total road mileage operated, now equipped with the
heavy rail, as against 40-55 per cent last year.
The proper maintenance of your rolling stock compelled
the construction of now shops at DuBtns, Pa., at a eo3t of
$39,672 87. including the tools, machinery and value of
land.
The citizens of Du Bois. Pa., donated $15,000 to the Com
pany for locating the shops in their town, which amount is
entered in the Income Account under miscellaneous earn
ings.
EQUIPMENT.
There was expended for new rolling stock as follows t
One locomotive. - ............ ...............
— ............ .$9,500 00
One coach............................... ............... ...................... 4,508 32
Ten freight c a r s ......................................... ................ 5,297 41
Five Company's servIce ear*., . . . . ................. .
10,115 00
Air I rak*:*, automatic couplers and other better
ments......................................................................... 13>074 32
--------------- 2,555 0>
Of the above equipment four freight ears were
built at the Corapany?e shops.
THE « HRONIOLE.
632
The account was credited with the following
items for equipment wrecked, sold and destroyed
charged to operating expet ses:
gPue C a w m c r t ia l
Seven locomotives______ . . . . . . — , ........... . ..........$-49,95048
tender*............ - ..........................
4,608 29
One ctoft’h.................................................................... 3,3 i3 00
One hundred and forty-three freight cars........... 55,498 88
Ten company's service cars— ...........................
2,885 72_
-------------— $110,280 87
Milking a net decrease of..................................
["VOD, LXV,
$73,731 32
Included in the above are six locomotives, four tenders
and eighty-four freight cars, tom down at the Company’s
shops. .
BONDED DEBT.
To provide funds to pay loans incurred during past years
for construction and equipment, and to furnish capital for
similar requirements in the future, §3,000,000 00 of six per
cent fifty-year Debentures were authorized, of which
§1 ,000,' 0 i 00 have been sold at par and interest—net to the
Company.
Wo reserve the right to retire these bonds on any first day
of January or July upon twelve weeks’ notice at 105 per
cent and accrued interest.
Car-Trust bonds to the amount of 3141,000 00 matured and
were paid off during the year.
The net result is an increase of §859,000 00 in the bonded
debt of the Company and the complete extinction of its
floating debt.
DIVIDEN D.
Since the close of the fiscal year your Board of Directors
has declared a dividend of 1 per cent on the preferred stock,
payable August 16th, 1897.
KOCH ESTER & PITTSBURG COAL & IRON COMPANY.
The operation of the Rochester & Pittsburg Coal & Iron
Company for the fiscal year, after deducting §41,666 72
bonds that were paid off out of the net earnings, shows a
profit of $178,980 10.
Against this profit the Company charged §188,645 64, being
the entire amount expended during the year for mining ma
chinery, buildings, equipment, the development of mines
and the construction of 200 new coke ovens, leaving a balance
of 340,834 46, which was carried to the credit of its Profit
and Loss Account.
The thanks of the Board are extended to the officers and
employes lor their faithful and efficient services.
Statements and statistics of the operations for the year
are submitted herewith.
Bv order of the Board,
ARTHUR G. YATES,
President.
—E. H. Gay & Co., of Philadelphia and Boston, having
lately opened a branch house in Hew York, offer to investors
a selection of choice investment securities.
—The interest on the Atchison Topeka & Santa Fe Rail
way Co. 4 per cent 100-year adjustment bonds at the rate of
3 per cent (being the first instalment) will be paid at the
office of the company.
—The committee of the holders of the first mortgage Lake
Erie Division bonds of the Wheeling & Lake Brie Railway
Company, George Coppell, Chairman, announces that the
coupons due April 1, last, on such bonds as were deposited
with the Guaranty Trust Company under the Bondholders’ .
Agreement of June 23d. last, having been paid and sur
rendered, the Guaranty Trust. Company will pay to holders
of its certificates of deposit of such bonds the amount
of interest collected on the coupons, upon presentation of
the certificates of deposit.
—Kessler & Co. and Henderson & Co. offer for sunserip
tion at 100J£ and ac rued interest, and recommend as a de
sirable investment, $500,000 5;,' first mortgage, sinking fund
gold bonds of the Michigan Telephone Company, being part
of an authorized issue of $750,0 '0; interest payable January
and July; principal due July 1, 19.7, both principal and in
terest payable at the Guaranty Trust, Company of New
York in gold coin of the present standard. The statement
of the hankers is that the Michigan Telephone Company
was organized in 1883 under the laws of Michigan, since
which time it has acquired the pro. erty and rights of the
Telephone & Telegraph Construetioi Company of Detroit,
and the Michigan Bell Telephone Company has become sole
licensee of the American Bell Telephone Co. for the State of
Michigan, the number of subscribers on April 1st last being
13,917. The value of the security covered by this issue of
bonds, as shown bn the books December 31st, 1896, was
$2,574,418. The'net. eatuinas for 1896 applicable to the pay
ment of interest on the bonds was $192.< 00, or more than five
times the amount necessary to meet the interest on the full
issue authorized.
Since 1885 6 per cent has be-n paid continuously on stock
outstanding of $2,500.00 >, of which stock the American Bell
Telephone and the WVs'ern Union Telegraph companies are
large holders. The present issue of the t onda is made to
provide funds for extensions which, it is believed, will fur
ther increase the earnings. The subscription books will be
opened at the respective bankers on Thursday, October 7
next, and will close without further notice, the right being
reserved to reduce or reject subscriptions
COMMERCIAL
% i m t s.
EPITOME.
F riday Night , October 1, 1897.
A reaction has occurred in the principal speculative mar
kets, The general outlook, however, has continued healthy,
there having been no developments of a nature to disturb
the confidence now generally shown, although the yellow
fever scare in the Southwest, with its accompanying quar
antine has had a tendency to interrupt business in that sec
tion of the country. The third auction sa e of wool was
held on Wednesday ana it was attended with fair success.
The Spanish Ministerial crisis has received some attention,
largely on account
its bearing on the Cuban question, and
a political crisis has also been reported in Greece. Advices
received from Washington state that it is believed that steps
will shortly be tak m by-the British authorities to negotiate
reciprocity treaties between the United States and BritishAmerican colonies.
Lard on the spot has had only a limited sale in the local
market, but at the West business has been moderately active,
The market closed steady with prime Western at 4-85c„
prime City' at 4-50@4-60c. and refined for the Continent at
S-25c. Speculation in the local market for lard futures has
been at a standstill, but at the West there has been moderate
buying, and as offerings have been limited, prices have im
proved during the latter part of the week
DAILY CLOSINa PRICES OF LARD PUTUKES.
Sal.
M on. Tues.
Wed.
Ttmrs,
F ri.
OotL............................ c. 4*65 4‘80 4*72
4*70 4*80
4'75
Pork has had a moderately active sale, and prices have
been firm, closing at $8 75@9 25 for old mess, $9 o; @ 0 25 for
new do,, $11 SOttlS for family and $10 50 '/13 for short clear.
Cut meats have further declined for pickled bellies, while
pickled shoulders have advanced, closing at 6 % @ 7 ^ c . for
pickled bellies, 12@i0 lbs. average, 54^c. for pickled shoul
ders and 84T@9c. for pickled hams. Beef has been quiet but
steady at $7 50@8 for mess, $3(a)3 for packet, $8 50@10 50
for family and $ 3 50@lo for extra India mess.
Beef hams have been steady at $37@r7 50. T dlow has
been moderately active and steady at 3% c. Oleo stearine
has sold slowly and prices have weakened slightly, closing at
5% e. Lard stearine has. been dull and closed at 5;’j)c. Cot
ton seed oil has been easier, closing at 25e. for prime yellow.
Butter has had only a fair sale and prices have advanced,
closing steady at 14@23e. for creamery. Cheese has been
quiet but steady at 7% @ 2% e. for State factory, full cream.
Fresh eggs have been quiet and prices have weakened
slightly, closing at 17c. for choice Western.
Coffee of Brazil growth has had a moderate sale and prices
have held to about a steady basis, closing at 7)4'e. for Rio
No. 7. Mild grades have had a fairly large sale and prices
have ruled steady at Ukj)e, for fair Cncuta. East Ind a
growths have been unchanged at 24@244^c. for standard
Java,
'■peculation in the market for contracts has been
quiet but prices have weakened slightly under selling for
local account , prompted by the continued large crop move
ment. The close was steady.
Following were final asking prices:
Oot................... 5-POc. IJan................. 6-5oc.
I
April. 6’85e.
Nov.................. 5*90c. Feb.................... 6*6.ic. M a y ........____ 6*90e.
Dee.... ........... 6*50e, ! March__ _____ 6‘80c. |Jiiiy................ 695c.
Raw sugars have been dull and slightly easier at 3 15-i6c •
for centrifugals, 96 deg.-test, and 3 5-16c. for muscovado, 89
deg. test Refined sugar has been advanced l-16c., bur busi
ness has been quiet; the close was at 5J>£c, for granulated.
O'her staple groceries have been quiet.
Kentucky tobacco has been fairly active and firmer. Sales
the past week have been i .< 0 ) hhds , of which 600 hhds. have
been for export, closing firm at 3%@6c. for lugs and 6@13c.
for leaf. Seed leaf tobacco has had a limited sale at steady
prices. Sales for the week were 1,5 >0 cases, as follows; 450
cases 1896 crop, New England Havana, 18@40c ; 300 cases
1896 crop. New England seed leaf, 2!@25c.; 100 cases 1896
crop, State Havana, 15c.; 800 cases 18 6 crop, Wisconsin
Havana, ll@14c: 100 cases 1895 crop. Pennsylvania Havana,
12(5)130 : 100 cases 1894 crop, Pennsylvania seed, 12J^
and
150 cases sundries., 6@l5c.; also 2.0 0 bales Havana at 7"c. to
$1 10 in bond, and 175 bales Sumatra at 85c. to $2 in bond.
The market for Straits tin has been w e a k e b u t at the
close there was an advance and the close was firm at 13'70@
13 80c. Ingot, copper has been fairly active and firm at
11J4B for Lake, Lead has been quiet and prices have weak
ened slightly, closing at 4 3 @ 4-3:J^c. for domestic. Spelter
has been unchanged and steady at $4 25@4 30 for domestic.
Pig iron has been fairly active and firm at $10igl2 25for
domesticRefined petroleum has been steady, closing at 5 80c. in
bbls., 3'3< c. in bulk and.6T5c. in cases; naphtha quiet at 5-50c.
Crude certificates have been neglected; credit balance - have
been unchanged at 71c. Spirits turpentine has had a fair
sale at higher prices, closing firm at 32^ @ 33^ c . Rosins
have been steady at $1 40@$l 45 for common and good
trained Wool has been in fair demand at strong prices.
Hops have been quiet but steady.
OdOBEK
2.
THR CHRONLCLE
185*7. j
C O T T O N .
F r i d a y N i g h t . October 3. 1897.
T h e M o v e m e n t o f t h e C r o p , a s i n d i c a t e d b y o u r t e le g r a m s
f r o m t h e S o u t h t o - n i g h t , is g i v e n b e lo w . F o r t h e w e e k e n d in g
t h is e v e n i n g th e t o t a l r e c e ip t s h a v e r e a c h e d 28 3,€?8 b a le s ,
a g a in s t 2 *3,717 b a le s la s t w e e k a n d 1 7 8 ,! 13 b a le s t h e p r e v io u s
w e e k , m a k in g t h e t o t a l r e c e ip t s s i n c e t h e 1st o f S e p t., 1897,
8S2,3< 4 b a le s , a g a in s t 1,0 03,8 2! b a le s f o r t h e s a m e p e r io d o f
1890, s h o w i n g a d e c r e a s e s in c e S e p t. 1 ,1 807 . o f 181,160 b a le s.
Mon.
Receipts at— j Sat.
G alveston........ .
T ex. City, Ac.
N ew Orleans...
M ob ile ..............
F lo rid a ..* ,....... I
Savannah____
BrunaWfc.Ac. [
C harleston.......
Pt. Royal.Ae.
W ilm ington—
Wash’ton, Ac.
N o r fo lk ............
N’p ’t N ews, Ac.
N ew Y o r k .......
B oston ..............
B altim ore........
Ph!ladei‘a, See.,
Wed.
Tues.
8,042 25,855 16,385
___
......
5,107 11,248 X1,841
2,663 1,823 2,077
.......
......
8.606 7,164 11,778
. . . . . . . .........
......i
4,608 7,915 5,979
........
......
2.5S0 3,924 4,583
...... i ......: ......
3,194 3,7451
3,141
•**.**»! .*»**.>
. . . . . . I . . . . . . ; ......
13
2
101
. . . . . . i ......) ......
333
101
163
Thurs.
6,203 1 6 .8 -9
1,987
8,670 6,400
2,376 1,864
____
125
s ,o n
7,8813,573
3,1561 3,233
.. . . . . . j 8,734
3,431 2,2
i;
162
6,463 2,368
........ \
413;
......
FrL
2hCti*.
5,218
137
3 403
3,372
68,592
2,124
46,971
14,180
125
7,703 51,150
2,988. 18,566
4,122 27,073
8.784
3,831 20,610
32
194
3,566 23,077
son
913
......
70
189
798
1,014
216
1,911
633
In addition to above exports, our telegrams to-night also
give us the following amounts of cotton on shipboard, not
cleared, at the ports named. W e add similar figures for
New York, which are prepared for our special use by Messrs.
ON SHIPBOARD, NOT CLEARED FOR—
Oct. 1 at
Now O rleans...
G a lv e s t o n ......
Savannah........
C harleston. . . . .
M o b ile . . . . . . . . .
N o r fo lk ,....___
New Y o r k ........
Other p orts___
Great
Other
B ritain. France. Foreign
L eaving
stock.
Coast
wise.
Total.
1,202
13.237
10,000
None.
None.
3.000
3.000
10,000
814
6,235
2,000
300
None.
11.500
None.
None.
14,666
5S.13 7
12,000
13,540
4,500
14,500
8,000
21,000
49,475
39,105
59,889
12,828
5,512
5,758
52,811
22,858
9,035
24.670
None.
13,240
4,500
None.
4,000
li.OOO
3,615
13,995
None.
None.
None,
None.
1,000
None.
Total 1 8 9 7 ...
06,445
18,810
40,439
20.849
146,343
248,236
Total 1 8 9 0 ...
Total 1 8 9 5 ...
95,183
51,891
5,62b
53.416
5 '.4 - 7
11,571
18,217
165,799
135,311
532,677
428,288
Speculation m cotton for future delivery has been on a
very moderate scale as the oitside interest shown in themarket has been at a minimum. Prices have continued to
gradually weaken under the pressure of the actual cotton, the
crop movement being large, and the bnyingpower has lacked
force, both in a speculative way and’ from the actual con
sumers. neither foreign nor domestic spinners showing a
disposition to purchase beyond their immediate wants.
......
2X8
Saturday the market was weaker and prices declined 9
226
8522
to 11 points under selling both for foreign and South
Tot- tills week 35.743 61.531 54.860 39,1321 56,448 35.982 285,476 ern account, prompted by the large movement of the
The following shows the week s total receipts,the total since crop. Monday there w«s a further decline in prices of 7 to 9
Sept 1,1897, and the stock to-night, compared with last year. points reflecting weaker advices from the foreign markets
and selling against actual cotton. Tuesday there was a
1897.
steadier tone to the market, and prices showed an ad
S to c k .
1890.
jteemps* so
vance of 3 to 5 points for the day. as foreign advices came
j This |Since Sep. This Since Sep.
Oct. 1.
1397.
1896.
better than expected and the weekly report by the Govern
; w e e k . i 1,1-897.
wick.
1, 1690.
ment's Weather Bureau had a strengthening influence.
G alveston... 68,992: 242,731 b l.itb l 255,626
974*242 103341 Wednesday, however, the market again turned easier, and
i
3,121.
T e x . C.,Ae.
4 3 9 6 : 2,0 >4
13,440
3,170 declined 2 to 7 points, as foreign advices were disappointing
N ew Orleans 46,974 182,320 89,853; 272,705
84.1 i l
186,384 and the South was selling against the cotton coming into
M o b ile ___ _ 14,1-90;
32,459, 12,143:
23,259 sight. Thursday the market was again steadier and prices
35,433
10,012
125.
1,004;
F lorid a........
135
1,004
for the day showed an advance of 2 points. The improve
Savan nah ... 51,150 156,906 38.019 148,652
82,630 ment was based on the falling off in the receipts in the71,849
21,112
Br’ wick,Ac. 16,568'
5.9*3:
4,203
17,113
5,4.88 Southwest, which, however, was due to quarantine re
Charleston.. 27,073
87,990
71.868 22,548
10,369
63,813 sulting from the yellow fever scare. To-day the market was
1easier daring early ‘Change, in response to weaker foreign
9,146
P. R oyal, Ac.
8,76-1
4.094
3.932
66,482 14.003
Wilmington. 20,810
28,512 advices and some selling tor local account. Subsequently,
54,215
24,035
.......
however, buying bv local operators, presumably to cover short
Wmh*n, &e.f
194;
264
145
52
40,01*7
resulted in an improved tone, and the close was steady,
Norfolk
23,077:
46,404 35,576 100,080
40,61*7
20,253
sun
.....
with prioes unchanged to 1 point lower for the day. Cotton
913,
N 'portN .,A c
201
500
1,669
1,272
New York...|
394
225:
106,634 on the spot has been quiet, and p r ic e s were lowered 18'c. on
60.SU
unj
1,233
7.307
B o s to n .___ _
8.200
6,200 : Monday and also on Wednesday. To-day the market was
2,911
B a ltim ore. .
1,01 I
1,322
1,982
3,158
4,4 tO j quiet and unchanged at fl*£c. for middling uplands.
1.119
The total sales for forward delivery for the week are
PhlladeL4fecJ 1,911
3,360
77 P
2.830
1,092
3,338
* 604.6(10 bales. For immediate delivery the total sales foot
T otal*....... 283,47*5 822.60 1 283.986 1.003,1124 ’ 384,5791 698,476 up this week -1,075 bales, including 87 for export, 1,988 for
In order that comparison may he made with other years, consumption, ------ for speculation and 3,000 on contract.
The following are the official quotations for each day of the
we give below the totals at leading ports for six seasons.
past week—S ntember 2-1 to O tober t.
Receipts at— 1897,
1995. | 1894.
1603,
1892.
Rates on and off middling, as revised Sept. 8, 1897, by the
1896.
Revision Committee, at which grades other than middling
50,165! 84,994
G aives'n.A e.
00,011
00,150
70,716
52,795
maybe delivered on contract, applies to quotations begin
N ew Orleans
46.974
88,653
m .m n
60.0880,779
34,062 ning with the 9th,
M obile. . . . . .
Savannah. . .
Chatf/ton, »%e.
W llm 'ton, Ac
N o rfo lk . . . . .
N. Newt, tfec.
j J I otha m ...
14., 180
51,1 *.0
35,837
20,801
23,077
918
10,805
Tot. this wk.
388,476
Sine** Sept. 1 822,664
12,143
36,018
20,478 i
14,0 SO
33,570
201
9,908
9,814
39,5 I f
23.529
11,730
8,2961
4,215
3,245
10,076
42,533
19349
11,939
10,711
2,585:
4.150
7.912
50,90?
22,658
11,439
12,092
4,690.
7329;
8,801
33.413
38,440
8,625
8,903
6,751
5,969
283,986
217,6 T9 247,81b
223,45*4 191,120
Obi,
519,239
565,01 4 390.475
728.664
Fair................................... o.
Middling F air.....................
Strict Good Middling.......
Good M iddling...................
strict Low Middling........
Ia»w M iddling....... .. . . . .
Strict G ood Ordinary.......
I ou. : Good Ordinary..............e.
u , s on. Good M iddling T in g ed ...
- ou. Strict M iddling Stained .
m on. M iddling Stained. ...........
a,* off. Strict Low Mi<l. Stained.
v ,, oil. Low M iddling S tained...
off.
UPLANDS.
are the exports for the week and since Sept. 1, 1897.
STtch
‘
lief. l ,
MxpmtmX ttt—
1 Great
C sa ll-i Total | Gmat
Fromm
F rom *
l&rtVm.t
n en i. ? Week. \ttrHam.
<#*lr m itm . .. . : w M n
15,111
mi
T e * . C ity, Jfce..
N ew O r fe itt i.. i W -M b n , m t 20»«3r
M ebiJ#..............
z jm
. .......
Pmum&ylB, . *. 4
SavigEisatL..,..
M jM k
Briamiiwtek,,.,
iO M T
C h u r lo n e n ....
P u tt K e f a l , ,.,
W i-telfi'iilcm.v. lifeWJj
M&ftelk,.*
KPpO&t N.,
M&w irerk
■ 4,51#; 2.57 i
3,27V
Bc*»toa
147
...
10m
9M i\
F lilla 0 elp li4 i..
Bmn F m n .t Me
#00f
T o m ,.. ....
T o t a l, m m ...
l From. Smt- 1» 1007, in OH, 3, I f 97.
M xpoetM U*—
9t,»4#j
HjMGi 15,87#
ML9BB:
4n,mii
m i ........
MafttQj
*1.161
tX M :
*M 0*f
l* M Z
18,1401
10. JT#
♦
oft iU)7'
I.Z73
zh xm
10,'<52
31, ib i
2,1 IS
........
T/smi
WMl
12,#23,
*M 7V
6,5 mi
t;M h ‘ . . . . .
5.821 . . . . . .
0001
111,017: «3f»,
2i.7m
tijm
G m U - j TvtaL
fiO.lt.
,
S t? 8,397 4% om
S3./5?
GULF.
...
.
15^0.11 •48,870
5,510
im
8.SSOOI 10,021
............ :
#00
006|
s»t.
71 n II T u e s W e d
5%
0’ ,8
6 7e
7b
7<e
7D « 7",
S a t.
538
<>*>!„
S
I
5-k
T il,
If 1*1.
5;<s
61,8
6 1-3
67,
7*18
T il.
fits
CSt
79,*
5%
5%
F i i.
5%
06, „
6^
7
77lfi
0%
7
77,8
7 ', a
K o n T u es W ed
T il.
F rI.
5%
C 10
0 “:!3
5*8
61,8
0»3S
oC
5%
6918
M iddling..... ..............................
Strict M iddling............... ...........
Good M iddling T in ged .............
5M
6h8
Cl *si
6%
O’ s
7%
7<V
5%
5*4
6^^,<2 b I16
03ft
6%
5*8
65.8
MARKET AND SALES.
SALES o r SPOT AND CONTRACT.
SPOT MARKET
CLOSED.
381.219
Sftt’day.,
Monday.
Tuesday
WcdViav
Tii’d a y ..
Friday..
1 3 4 ^ ‘ i 440,730
T ota l,.
173,78#
S a t. 41 <>fi T u e s W e d
■■ ""~‘
5%
5%
5*8
5%
67)r, e» o d o
«»*«
tiV
6%
«<a
an
tps
its,
07s
77,* 7* « 7 «*,<* 7*18
Good Ordinary...........................
Low M iddling.............................
M iddling..... ................................
Good M iddling............................
Middling F a ir .. . . . . ...............
05,385
1.278
STAINED.
S1.I63
3,303 1 Low M iddling..............................
*3,496
1 2 /9 7
81,4*4
7.081
SB,#74
*!o f:
1% off.
On this basis th * prices for a few of the* grades would b e
as follows.
i Good O rd in a ry .._______. . . . . . . .
The exports for the weak ending this evening rea-di a total | Low M iddlln?4 . . . ................... ..
of 229,41© bales, of which §3,948 were to Great Britain, 21,842 M id d lin g ..............................
M idd lin g .,........................
to France and i 11,8 7 to the rest of the Continent. Below Good
Middling F air.................. ..........
E xports
fro m —
m off.
Even.
<>ff.
Easy...................
Easy lit
d e c.,
n oil ..
Quiet at % dec..
D u iet..................
Q u iet..................
Ex
port.
0m ~ spec- OonsumpMd'Vn tract.
310
90
xs
"B7
202
1,143
800
2O0
,300
TOO
87
1.988
2,000
Total.
Sales o f
Futures
310
890
383
380
902
1,230
63,800
111,100
115.200
133,400
78,900
102.200
4,075
604.600
>
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§ £ EJ
3 | !1 ® I 9
i s i lli i i s i i i qgg|ggp2 V|
. a2 +s +» -*5+3 +»hp
go.® g « " 2 *
; ^cacQ^cacScacS
1 a s * J f § § 8 B, , „
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Z
o
33
123
I
trioooooooooo
B 2 BBSBBBBB
*««50»»«®e0o0:w
! U a rk el, P r ic e s a n d
\
o
w
&
a.
S5
+» 5
d ^3
«
S a les o f
F V T T JR K S .
fS «u
p a®i r® Di o2
M a rk et,
R ange and
T o ta l S a les.
r—
. 1
" M * S'
ft t ills
jo x tc jo b
'3 M i l
<5 b s s
5 fc §
D A IL Y
O c to b er.
^ a §
E< S r* g
l l f i i p
S e p te m b e r .
el
rQ
N ovem b er.
D ecem ber.
P R IO R S
J an u ary.
AND
1,499
A labama . „.
Eufatila,
8,913
Montgomery
u
4,283
Selma,
2,976
Helena,
ARKANSAS,.
it
7,220
Little Hook,
3,018
Albany,
Georgia ....
ft
3,777
Athens,
(t
9.418
Atlanta,
it
16,238
Augusta,
it
3,436
Columbue.
it
5,459
Macon,
it
1,854
Rome,
162
Louisville,»e< K entucky .
6,420
L
ouisiana
.
Shreveport,
1 ,106
Oolumbua,
M ississippi.
3,979
U
Greenville,
ft
576
Meridian,
**
2,604
Natoliez,
it
355
Vioksburg,
U
2,093
Yazoo City,
St. Louis,
M issouri.. . 17,946
757
Charlotte,
N.C arolina
1,257
Raleigh,
1,832
Cincinnati, Oh io ............
1,382
Columbia,
S. Carolina
U
773
Greenwood,
Memphis,
T ennessee.. 20,357
if
Nashville,
163
1,193
Brenham,
Te x a s . . . . . . .
«
5,614
Dallas,
it
61,302
Houston,
SALES
F ebru a ry.
Total, 31 towns.......... 197,992
OF
FU TU RES
M arch .
FOB
A p r il.
EACH
5,619
29,702
17,168
5,394
16,339
13,645
9,730
27,248
67,834
13,956
19 692
1,321
6,338
3,208
1,323
4,216
2,605
.Beeeipt*.
T h is
w eek.
65,559
708,610 166,804 202,506
230,350
813.820 175,623
0 479
3,395
7,032
2,045
5,490
27,900
2,207
3,978
3,079
5,703
2,279
37,724
557
12,539
14,378
320,630
1 ,3 9 4
14,165
757
1,122
1,899
1,382
773
11,190
245
814
4,174
67,908
4 ,6 6 8
3.598
2,395
13,959
,___
534
4,625
1 ,0 0 0
22,699
60
4,61!
2,402
927
26,937
500
3,371
2 ,7 7 4
M ONTE,
M ay.
J u n e.
J u ly .
Easier.
Av’ge.. 6*30 Av’ge.. 6*28 Av’ge.. 6*27 Av’ge.. 6*30 Av’ ge.. 6*34 A v’ge.. 6*38 A v’ge.. 6*42 A v’ge.. 6*50 Av’ge.- 6*51 A v’ge.. 6*33
M ontis?, Sept. 27w,luo
300
111,100
5.400
700
9.200
10,300
700
2,400
28,800
44,000
Sales, t o t a l.......
Prices paid (range) 8 -2 4« a-60 6*28® 6*31 6*24® 6 31 6*24® 6*29 6*23® 6*33 0*32® 6*37 6 37® 6*40 6*40® 6*45 6*49® 8*50 6*48® 6*54 6*52® 6*54
B’rlj steady. 0*28— 6*31 6*28— 6*29 6*26— 6*27 6 2 8 - 6 29 6*33— 6 * 4 3 - 6*46 6 * 4 8 - 6*49 6 5 2 - 0*53
6*37- 6*38 6 41— —
d o s in g ...............
Av’ge..
Av’ge.. 0*24 Ay’ge,. 6*26 Av’ge.. 6*30 Av’ge.. 6*32 A v’ge.. 6*36 Av’ge.. 6*40 A v’ge,. 6*45 Av’ge.. 6*47 Av’ge.. 6*52 Av’ge.. 6*56 A v’ge., 6*61 Av’ge..
Easier.
7,000
2,900
1 700
13.700
18,400
1,600
133,400
500
6,400
2,000
23,700
54.900
8*20® 6*61 6*20® 6*30 6*21® 6*35 6*26® 0*35 6*27® 6*37 6*32® 6*42 6*38® 6*40 6*41® 6*49 6*46® 6*52 6*49® 6*57 6*54® 6*57 — ® 6*61
6 * 2 2 - 6*24 6 * 2 5 - 6*26 6*28— Steady.
6 *3 0 - 6*31 6 * 3 4 - 6*35 6*33— 6*39 6 *4 2 - 6*43 6*46— 6 48 6*51— 6*52 6*55- 6*36 6 *5 9 - 6*60
Thursday, Sept. 30
Sales, total..........
Prices paid (range)
Closing.............
Av’ge..Firmer.
78,900
8'2-ia 8*57
Steady.
33
S I
102.200
8-25® 6 03
AWge.
Steady
Av’ge.. 6*29 Av’ge.. 6*31 A v’ge.. 6*31 Av’ge.. 6*33 A v’ge.. 6*43 Av’ge . 6*45 Av’ge.. 6*47 Av’ge.- 6*55 Av’g e ..-------- Av’ge..------3,300
6,100
200
6.700
19.400
7,000
500
35,700
6*53® 6*57
6*24® 0*32 6*28® 6*34 6 30® 6*36 6*34® 6*41 6*41® 6*44 6*42® 6*49 6*47® S
5
3
- 6*54 6 *5 7 - 6*58 6 *3 1 - 6*62
6 * 2 7 - 6*28 6 *2 9 - 6*30 6 3 2 - 6*33 6 *3 6 - 6*37 6 *4 0 - 6*41 6 *4 4 - 6*45 6 4 8 - 6*50
Av’ge.. 6*27 A v’ge.. 6*29 Av’ge.. 6*32 Av’ge.. 6*36 A v’ge.. 6*41 Av’ge.. 6*45 Av’ge.. 6*51 A v’ge.. 6*53 Av’ge.. 6*56 Av’ge.- 6*63 Av’ge..
6,100
1,500
11,900
5,600
1,300
1,500
6.700
2,000
41,800
23,800
6*25® 6*30 6*27® 6*31 6*29® 6*35 6*33® 6*39 6*33® 6 43 0*42® 6*49 6*48® 6*53 6*51® 6 56 6*54 ® 6*58 6*61 ® 6*63
6*26— 6*28 6 *2 8 - 6*29 6 31— 6*32 6 *3 5 - 6*36 6 * 3 9 - 6 41 6 *4 4 - 6*45 0 * 4 8 - 6*50 0 *5 3 - 6*54 6*57 - 6*58 6*6 L - 6*62
I Total saleB this week
Average price, week
604,600
5,500
0*32
53,500
6*30
42.200
6*30
135.400
6 33
260,300
6*37
6*41
8,000
57.600
6*45
4,300
6*51
27,300
6 63
7,900
6*85
2,000
6*01
j 8 ales since Bep.lt’97.
2,384,500
84,000
306,200
194,900
554,800
953.600
20,700
178,300
8,900
72,200
8,000
2,000
;P ® cat?
08 Mo 2
Av’ge..
Wedn’d’y, Sept. 29
Sales, total..........
Prices paid (range)
Closing.................
Unsettled.
2,524
19,741
7,680
7,560
4,111
4,383
5,593
12,519
30.653
8,758
10,351
1,908
21
11,063
2,632
7,029
3,861
7,264
11,822
6,327
18,588
500
1,100
4,047
150
04,648
237
9,902
3,284
61,692
§ ”3
2
{> 52
g3’g
0
P
C3 5>
f s f i l
O g HP u 03
2 C
§DfO |
Z
O
fe O
l “| sg
-2 g n
2“
at
3 m . rt »
3 cs S ■“ ®
■£*>
co
&!
o 't i S
m m.2
-2 3
+3 ^
O _
^ _2
OrH
»
8 8 ^
O 05' M
c| CO ^
§C0 _j
l>>
M fl)
» g ja
g| i i i
329,954
CQ © © ©
© ^ s4^i> 4-5
P *+i
a o
& © T3 £
«f3 M
cj> W
os
nd
a
p
ce ce
cd M © tf
2
o
Qa +3
3 1 Tfi o
mS p . o
+3 a
o ^
ed O -»3
a)
O bD O
d
75 — r,
6 £ g - .5 3a ©
*3 B
s
z . a
o* ™
& J4
Cl O
■g-s
at?
Av’ge.. 6*33 Av’ge.. 6*32 Av’ge.. 6*30 Av’ge.. 6*33 Av’ge.. 6*37 Av’ ge.- 6*41 A v ’ge.. 6*45 Av’ge.. 6*53 A v’ge.., 6*52 A v’ge..-------- A v’ge..
Firmer.
► Tuesday, Sept. 28
2.400
1,100
115.200
10,300
100
8.700
8,300
900
'3
26.400
57,0(0
Sale*, total— ..
6*44® 6*47 — ® 6*53 6*52® 6*53 — ® ’ " —
Prices paid (range) 6-25® 0-53 6*30® 6*35 6*25® 6*35 6*25® 6*34 6*29® 6*37 6*35® 6 41 6*41® 6
*
5
3
- 0*54 6 * 5 6 - 6*58
6*30
6*31
steady.
6*30—
6
31
6
*
3
1
—
0
*4
9
6*50
6
*4
5
6*46
6*41—
0*42
6
*3
2
6*33
6 *8 7 - 6*38
Closing,..............
m .2
A u g u s t.
A v’ge..
o
o M^j .
2 ,h «
xi
*x>+3- &
as
gg~<
| l-“ o
CO_2 ® GO
J? CD■** OO
S to c k
Oat. 2.
T h is
w eek.
6 6 ,5 4 7
4 ,3 3 5
3L7
19,408
2,808
9,556
10,840
3,160
4,585
1,263
156
3,988
533
2,543
500
970
102
1,475
11,477
3,808
4,* 52.
4,588
2,369
3,877
9,581
20,672
3,466
5,624
4,730
36
5,152
1,697
3,550
2,220
4,217
5,281
3,663
17,853
1,867
1,647
6,177
S in c e
8 ep U ,’96.
5.762
1,030
7,861
40,317
3,450
18,751
11,259
2,608
3 687
12,213
14,061
2.117
2.750
13,091
25,580
4,216
73,659 15,176
12,994
1,834
3.081
24,703
10,429
3,983
432
45
19,598
2.691
6,387
1.466
2,131
8 328
7,064
2,331
3,519
15,156
14,280
2,677
9,190
1,742
36,930 17,006
5,207
1,367
7,969
1,703
15,384
6,082
6.459
1,000
3,606
902
87,537 16,185
1,031
500
20,138
2,924
12,513
1,416
274,196 58,143
3 ,7 7 4
656
9,317
4,372
3,608
9,256
2,725
1.498
7.892
17,093
3,710
3,177
1,565
6
6,324
1,408
2,292
1,511
’*5 £ ^ ©
“e ~*
J gg a.3 «j.
otL ovem eni to O c to b er 2, 1896.
Lower.
Av’ge.. 6*42 A v’ge.. 6*38 Av’ge.. 6 35 Av’ge.. 6*31- Av’ge.. 6*42 Av’ge.- 6*46 Av’ge.. 6*50 Av’ge.. 6*55 Av’ge.. 6*57 A v’ge..------93,800
7,600
1,200
2,500
100
6.700
1,300
4.200
13,300
26.900
6-34® 0 09 6* 10® 0*44 6*35® 0*40 6*34® 6*36 6*38® 6*39 6*41® 6*14 — ® 6*48 6*48® 6*52 — ® 6*55 6*58 ® 6*59 — ® ” —
6 *3 8 - 0*40 6*35— 6*36 6*33— 6 34 6*36® 6 37 6 *4 1 - 6*42 6*45— 6*46 6*43— 6*49 6 *5 2 - 6*53 6 *3 0 - 6*57 6*19— 0*61
Easy.
; Saturday, Sept.25
Sales, total........
Price* paid (range)
Closing...............
a o
is 5
■< o
*M Friday, Oct. 1 m fit
Sales, tot;d........
Prices paid (range)
Closing...............
«3
CO
:o :§ -?
■° IS
i!ji|
j f s f f S'
Il3 s l|lli =
fa
fa
M o v e m e n t to O c to b er 1, 1897
R ece ip ts
S h ip m ’ ts
S to c k
T h is
S in c e
T h is
Oct. 1.
K eek .
S ep t. 1,’97. w e e k .
Tow ns .
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I I I
S
THE CHRONICLE.
OCTOBER 2, 1897.]
Q u o t a t io n s f o b Mid d l in g Co t t o n a t O t h e r M a r k e t s ,—
635
W e a t h e r R e p o r t s B y T e l e g r a p h .— Our telegraphic re
ports from the South this evening denote that the weather
has favored the rapid gathering of cotton, dry weather hav
tuWHf} QtJ »T.VnOHS p0 8 tfIDDLINO OOTTOSf ON —
ing prevailed almost everywhere. Marketing is also making ■
Oct. 1.
W ed n ea .
S a tu r .
M on.
r«e#.
T h u rt.
excellent progress, being hindered, however, at some points
JYi.
by the yellow fever. Our Galveston correspondent reports
Galveston. .
64
6*4
6H
65, a
6%
6*4
New Orleans
6%
6>,a
68s
603
6l ia
6 1 ,8
that advices from over Texas indicate a diminution in the
6
Mobile.........
6%
6
57s
5V
prospective top crop.
513,8
Savannah. .
5’-5,a
55s
5‘ 3i«
5ls,s
5MX8
Charleston. 573
51Sj6
6
5-8
5W a
fil a
Galveston. Texas.— Advices from over the State point to a
8
6
6
8
Wilmington.
ett
6*4
0SI8
63,g
63,e
Norfolk.......
6%
diminution in the prospective top crop. Cotton is well
6*4
6%
6N
64
Boston........
64
6^4
6*9
opened from the ground up, an indication that the plant has
6%
Baltimore...
6%
6%
a%
0'S
B8
esj
Philadelphia 7
6%
034
6%
67S
ceased
to grow. The crop in Southwest Texas is not doing
Augusta.......
6 1 ,g
6 to
6>1«
6 he,
6 ', 8
She
6
-8
so well as it was. being badly injured by drought, and the
Memphis___
6 1 ,8
6*4
6 3ts
65 *
6Vfl
8 t„ Louie___
6*4
64,,
6%
e»8
&"» 8
rainfall has not been sufficient to overcome the damage.
Shs
Houston .. .
b-3«j
64
6>s
64
0*4
But for the increased acreage scarcely more cotton than was
Cincinnati. 64
R%
6\
C%
sat
made last year would be O'Odnced, Current estimates range
6*0
Louisvide...
64,
G\
60!
8 Ha
6*4
from 2 509,000 to 3.75 0OCO bales. W e have had no rain dur
The closing quotations today (Friday) at other important
ing the week. The thermometer has ranged from 70 to 88,
Southern markets wain as follows.
averaging 79. Rainfall for the month of September two
515, 8 j Colntnhae.Mls*
8
Athene...... .
5% Nashville...... .
Atlanta..........
1Eafaala.........
5*4 inches and forty hundredths.
5% Narches..........
Palestine, M.ris.—It has been dry all the week. Average
Charlotte.......
( Little Rock....
5*4 Raleigh...........
55s
Colmatma. Ga. 5 *a t Montgomery.. 6U 1»*% Shreveport.....
50, thermometer 77. highest 96. lowest 58. Rainfall for the
the Plantations .—The following table month of September one inch and fifty seven hundredths.
Huntsville. Tex ■*.— We have had no rain the past week.
indicates the actual movementeach week from the plantations.
The figures do not Include overland receipts nor Southern The thermometer has averaged 73, the highest being 93 and
consumption; they are simply a statement of the weekh the lowest 58 Daring the month of September the rainfall
movement from the plantation* of that part of the crop whim reached one inch and forty-eight hundredths.
Dallas, 'Iexas ~ Dry weather has prevailed all the week.
finally reaches the market through the outporte.
The thermometer has averaged 72, ranging from 53 to 92,
Rainfall for September one inch and seventy six hundredths,
iVttK
Receipt* a t the Porta. 3Wk at (M a n o r Touma. lUc'ota fro m P,
van Antonin, Texas.— It has been dry all the week. The
BnAin#tst-i. [ taw. j i**j. 13115.
i m . | a m . j tu r n . j a m .
im * L
thermom-ter 1ms ranged from 60 to 90, averaging 75 Daring
the
month of September the rainfall was one inch and fiftyAu*. 27.
8,4I>
3t.7i8
«*#*! 3*.mi V 9 ,m $4,7H2i »*.ST5]
Sept. :i
'•! i t ! ns. ;«•> 15.V.3 4 9 » i m j m SSWSi f4.S3eiia-.5Ss lO.sn.i ; four hundredths.
** 10 ....
m s m
IS^SSilSSJMr 1»6.» 3 tl.B '3
4Tjhwi[
Luting. Ter as —There has be* n no rain during the week.
** IT.,..
91} 80 129,6** *t*j* i
ili.H I
Average thermometer 73. highest 94 and lowest 52. Daring
** 24 .
0OJ8**71*85^11 im,~i\t> 17.V-: the m»nth of September the rainfall reached three inches
* i V r t m y m ' i i & .im l
Oet. 1
28*»7d jm Sm t l J .V .U
AWM 1£|JSM-131.1tm I
13
and nineteen hundredths,
The above statement shows; l.—That the total receipts
Columbia. Texas.— We have had no rain the past week.
from the plantations since Sept. 1, 1897 are 900,1191 bales; in The thermometer has averaged 70. the hi guest, Using 91 and
1898 were 1.213,184 bates; in 189.7 were 623 277 bales.
th- lowest 50. Rainfall for the month of September two
2.—That although the receipts at the outporte the past week inches and twenty five hundredths.
Cai ro, iexas.— There has been no rain the past week. The
were 2-03,178 bale*. t.he actual movement from plantations was
314,86t oales, the balance going o increase the stocks at the thermometer has averaged 72. ranging from 53 to 91. R im Interior towns. Last rear the receipt* from the plantations fall for the month of S eptember two inches and thirty-nine
for the week were 338,713 bales and for 189.5 they were hundredths.
288,831} bale*.
tinn.ham. Texas.—It has been dry all the week. The ther
mometer has ranged from 57 to 95. averaging 71. Septem
o v e r l a n d M o v e m e n t f o b the W eek a n d since S ept . L —
W e give below a statement showing the overland movemem ber rtinfall two inches and thirty six hundredths.
Fort W orth, Texas.— We have had no ram during the week.
foi th •week and since September 1. As the returns reach u>
by leiegraoh late Friday night it is impossible to enter st Tim thermometer has averaged 72, the highest being 91 and
largely into detail as in our regular monthly ft port, but al the lowest 34. Daring the month of September the rainfall
the principal matters of interest are given. This week!} reached two incites.
Weatherford. Tex- is.—There has been no rain the past week.
publication Is of course supplementary to the more extender
monthly statements. The results for the week ending Oct. 1 The thermometer has averaged 73, ranging from 56 to 90.
During September th« rainfall was three inches and twentyand since Sept. 1 in the l ist two years are as follows.
seven hundredths.
.%>«• Orleans, [jouisinna.—There has been no rain the past
1897,
1896
week. The thermometer has averaged 78,
(Jctobtr l.
Sine*
Since
Shreveport, Lintisiarut.— It has been dry all the week. The
Week.
Week. BepL 1.
Bert- l
tbermom ter Ins ranged from 58 to ’ 6. averaging 76.
S tep p ed i olum/ms. > ixsismppi.—It has been dry alt the week. Av
VU St. Ixm ls................................ 14,105
21,620 17.006
36,070 erage thermometer 74, highest 98, lowest 49. September
Via C a ir o ................. .
.........
17.904
9,0 0
9,351
10,316
Via P arker..................................
1,601* rainfall five hundredths of an inch,
612
318
76;i
Vifb Rock
..........................
500
2,160
Lelanti, M ississippi.—Dry weather has prevailed all the
700
2, *00
Via Loulevil - .......................... .
1.2 3
12.7)5 week. Average them omerer 73-4, highest 98 and lowest 54.
I ,*21
4,965
1.0 «H 2,1<4
Via (R nclnaatl........... .
1,230
5,890
Vicksburg, Mississippi.— We have had dry weather all the
V laother route*, A o .................
1.317
889
2,843
2.S09
week. The thermometer bas ranged from 62 to 91, averag
Total croft* o v e r la n d .......* .
27.811
80.06S ing 70.
45.803 37NC5;
Deduct aM pm eniaGrec'iviUe, Mississippi.—The weather has been warm and
Ovartand to N. Y., b oston . &o.
6,30*
3.114
12.044
4 . '0 l
Between Interior town*.............
141
2m
151 dry all the week.
182
Inland, Ac... from South.............
685
5,191
3.776
1.321
Little Rack, A -kam r-s.—There has been no rain the past
week. Average thermometer 77, highest 95, lowest 60.
'Total to fe# f o o t e d . . . . . . . . .
3,940
17,380
6.154
10.303
Helena, Arfca- * n ,— We have had no rain the past week
Leaving total net overland*.
02.6s 2 and in fact nnn» since August 20tb. Crips have greatly de
23,871
35,495 31,211
teriorated. Cutton is not well matured, but is opening
* Inel'uifny movement l.y’rail to Canada.
The foregoing show* that the week's net overland movemei t rapid y. Late frost will rot do tnnchgood. Thethermometer
this year has been 23,871 bales, against 31,211 bales for the has averaged 60-4, the highest tieinr 77 7 and the lowest 61.
Memphis Tennessee —Th* continue l dry weather has
week In 1098, and that for the season to date the aggregate nr t
caused a steady deterioration of the crop. _ Picking and
overland exhibits a decrease from a year ago of 27,187 bales.
marketing are general. There has been no rain since Aug,
1 896
30. The thermometer has averaged 76 3, ranging from 61.'5
1897.
i n M i g h t a n d S p i & m tf # *
to 92.
T a k in g s,
Mince
Since
Mobile. Alabama.—Crop accounts are unfavorable. The
W eek .
W eek.
Sept, l
S e p t . 1.
general opinion is that, the yield will not be more than last
R eceip t# a t p a r t# to O c t . X,
8 2 2 ,6 6 4 ; 2 8 3 .98 0 1 ,0 0 3 ,»2 4 year.
2 8 3 .1 7 6
We have had no rain during the week Average
H «t o v e tia o S t o Ocf . J ........ . . . . . .
31. 211
23,371
0 -',632
1 6.0*8 - thermometer 7< . highest80and lowest.''0. Daring the month
8 o a * h # m < ?o«#hf»ptlon t o O ct. J.. 2 1 ,6 0 0
99,0O0| 1 8 ,0 0 0
of S plenaber the rainfall reached two inches and twelve
9 5 7 ,1 5 9 3 3 3 ,19 7 1.152, *0 0 hundredths.
T o t# 1 onsFkefoMl. . . . . . . . . . . . . .
1 09 ,36 0
ta t e r lo r s to c k # t o
...
157,430. 54,727
Montgomery, Alabama.—Picking and marketing are pro-,
grossing very rapidly. W e have had rain on one day during^
f jm m n tyffifa t lt fi f
V e i l . 3 Z & t5 ft
3 8 7 ,92 4
T o ta l in
O et. 1 . . . . . . . . .
1 3 8 1 ,c 06 the week, to the •xtent of four hundredths of an inch. The
1 ,1 1 4,58 9
thermoon-tef has averaged 71, the highest being 88 and the
Ifo rth 'ii
Oct. 1 - 4 5 ,3 9 2
14.5,717
ISO 263 40.S72
lowest 6i. During the month of September the rainfall
It will t < seen hv rh* above that there h«s >unit into topi t reached one inch and six hundredths,
Selmn. Alabama ~ Picking is progressing rapidly. There
during Mm week 359.635 bales, against 387,924 bales for tl e
d o r week o f 1898, and that f-hi dwr*-ns< in am ount In sight bas been no rain the past week. The thermometer has aver
to-ttight as eorripared with last w a r is 247,377 baies,
. aged 74, ranging from 53 to 98.
Below are closing quotations of middling cotton at Southern
and other principal cotton markets for each day of the week:
! *A
m
i
\ m 'fk \
l
I
K
1
1
THE CHRONICLE
636
Madimn, Florida,—The crop is moving very slowly and
reports are distinctly l>ad. Rain lias fallen on one day of the
week, to the extent of t wenty hundredths of an inch. The
thermometer has ranged from 58 to t-8, averaging 74.
Savannah, G eorgia,— W e bavo had dry weather all the
week. The thermometer has averaged 71, the highest being
88 and the lowest 57.
Augusta, G eorgia.— W e have had no rain during the week.
The thermometer has average d 72. ranging from 52 to 91.
Charleston. South Carolina.—W e have had no rain during
the week. The thermometer has ranged from CO to 83, aver
aging 71.
Stateburg. South' Carolina.— W e had dry weather all the
week. Picking is progressing rapidly. The thermometer
has averaged 68'9, the highest being 85 ana the lowest_54.
. Greenwood, South Carolina,—There has been no rain dur
ing the week. The thermometer has averaged C9, ranging
from 58 to 81.
W ilson, Forth Carolina.— W e have.had dry weather all the
week. The thermometer has ranged from 54 to 88, aver
aging 72.
Che followingstatement we have also received by telegraph,
showing the height of the rivers at the points named at
8 o'olocfc September 30, 1897, and October 1, 1896.
Oct. 1, ’96.
Feet.
3-7
37
3-5
30
2-7
iSept. 30, ’97.
Feet.
4*5
1*6
0 5
0 6
1*0
New O rleans.......
M em phis..............
NsshvUle..............
S hreveport...........
Vicksburg............
Cotton Consumption and Overland M ovement to Oct, 1.
-—tu our editorial eolmnus ti-day will be found onr usual
overland movement brought down to October 1.
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 .— The receipts
ana shipments of cotton at Bombay have been as follows for
the week and year, bringing the figures down to Sept. BO,
B O M B A Y R E O K H 'T S A N D S H I P M E N T S F O B F O U R Y E A R S .
Receipts.
This
Since
Week. Sept. EL.
Shipments since Sept. 1,
Shipments this week.
Year Great Conti
Great
BHt’n. nent. Total. B ritain
Conti
nent.
Total.
2,000 2,000
6,000
2,000
37.000
31.000 8,000
1,000 30.000
7.000 7.000
20.000 10,000
43 000
20.000
11,000 11,000
13,000 2,000
16.000
8,000
5,000
1.000 1.000
Shipments since Sept. X.
Shipments f o r the week.
1897
1896
1895
1S84
"
Great
Britain.
Conti
nent.
Total.
Calcutta—
1897 . ..
1 8 9 6 .. . . . .
2,000
Madras—
1897— , . .
1896— —
3,000
-----A l l Otll6TS—
1 8 9 7 ..
___________
1S96........
.........
.........
.........
2,000
5.000
T ota l........
3.000
4.000
2.000
8,000
.........
3.000
3.000
6.000
6,000
9,00*
9,000
5,000
4.000
7.000
14.000
20.000
E xports (bales)—
To L iv e r p o o l....... .
IN D IA
1895,
Sint
Sept, i
This
week.
This
week.
Since
Sept. 1.
7.000
5.000
31.000
20.000
11,000
7,000
20,000
23,000
16,000
12,000
51,000
18,000
43,000
R E C E I P T S A N D S H IP M E N T S .
1897.
Receipts (oantars * )....
rills week............
Since Sept. 1..........
ALL
2,000
14,000
A L E X A N D R IA
Alexandria, Egypt,
September 29.
3.000
3.000
1896
Since
Sept. 1.
B o m b a y .........
A ll other porta
3.000
3.000
1,000
4 000
1897.
Thu
week.
Total.
3,000
E X P O R T S TO EUROPE! FR O M
Shipments
to a lt Europe
from —
Continent.
oo
o©
qo
-^cc
T otal all—
1897........
1896.........
Great
Britain.
85.000
156,000
1896.
1895.
Since
This
week. Sept. 1.
110,000
211,000
This
Since
week. Sept. 1.
This
Since
week. Sept. l.
4.000
3.000
7.000
3.000
6,000
3,000
7,000
14,000
13,000
7,000
150.000
245.000
7.000
9.000
T ota l E u rop e........ 7,000 2 1 ,000; 10,000 20,000 9,000 16,000
* A o a n ta r is 98 pounds.
I Of which to A m erioa In 1897. 563 bales; In 1396, 5&1 bales; in
1893, 873 bales.
Manchester Market .— Our report received by cable
to-night from Manchester states that the market is firm for
yams and steady for shirtings. The demand for China is
poor. We give the prices for to-day below and leave those
A t previous w e e k s o f this and last year fo r comparison.
I
-
r
1897.
1896.
A
[8% l i t . Shirt- Ooll’ n
8 ^ lbs. Shirt Oott’v,
32s Cop, <ingS common Mid, 32* Cop. ings, common Mid.
TtouL 1 % ’ fin ed .
Uplds\ Titnsl,
to finest.
Upld
1 d,
A.g.27; 0“?R
■3ep. 3 6%
4 10}
“ 17 Sl; ®7k}
5 24!
«7 »«
Oct, V *1, .
I*, d. s. d.
a.
4 2 ® 6 7ks 4 “32
4% ,
4%
4 lta ® 6 7% 4>l«
4 -1 ® 6 7>9
U.I 1 ®R 7 U,
d.
d,
6in16®778
6I61b®8
71,0 ®8*te
6151P®77a
s.
4
4
4
4
4
4
d. s.
7 ®7
8 ®7
9
7
8 ®7
7 ig® 7
7 ®7
a.
0
1
3
2
2
lie
a.
41502
423
421,2
4U 16
w i«
(V ol, L X V .
L abor T roubles in the L ancashire Cotton I ndustry .—
In snr editorial columns to day, under the above caption,
will be found an article by onr special Manchester corre
spondent.
E g y p t i a n C r o p .— Mr. Pr. Jac. Andres, of Boston, informs
ns that he has the following by mail, under date of Sept. 10,
from the Anglo-Egyptian Bank, Alexandria:
••Crop estimates 6,000,000 cantors minimum, or about 150,000 can
tata m ore than last season. Qualities prom ise to turn out superior to
last season’s crop. Arrivals are behind those o f last season’ s. Russia
ia the only serious buyer and bas talcen up to date over 50,0-00 bales.”
Cable advices, September 27, are to the effect that
Planters com plain o f dam age by fog.
hixoHANGES.— The following exchanges have been mar e
during the week:
05 pd. to exoh. 2,500 Oct. fo r Jan. •17 pd, to exoh, 1,100 Oct. fo r M ob.
04 pd. to exoh, 400 Oet. fo r Dec.
'07 pd, to exoh. 200 Oct, fo r Jan.
*j 6 pd. to ex oh. 800 Jan, fo r May. .1 0 pd. to exch. 900 Oet. fo r Jan.
•05
pd. to exch. 1,600 Oct. fo r D ec.
.03 pd. to exoh. 200 Nov. for Dec,
•0 * pd, to exeii. 2,500 Nov. for Jan. *05 pd. to exoh., 100 Dec. fo r Jan.
•08
pd. to exch. 1,200 Jan. fo r Meh.
“0* pd. to exeli, 100 Jan, for Feb.
03 pd, to exoh. 2,000 Oct. for Jan. -20 pd. to ex ch . 3 .<‘00 Oct, fo r Meh,
•It
pd. to ex ch . 5(Hi Oct. fo r Jan.
*03 pd. to exoh. 800 Jan. for Sept.
•17 pd, to exch. 200 Jan. fo r May.
•13 pd. to exoh. 800 Oct. fo r Mob.
•22
pd. to ex ch . 100 Oet fo r Apr.
•14 pd. to exch. 3,100 Oet. fo r Meh.
•18 pd. to exoh. 200 Oct. fo r Meh.
Even 400 Oct. fo r Nov.
*13
pd.
to exoh. 100 Dec. fo r Meh.
■03 pd. to exoh . 900 Oct. fo r Dec.
•26 pd. to exch. 400 Oct. fo r May.
•01 pd. to ex ch . 200 Oct. for Nov.
08 pd. to exoh. 400 Oct. fo r Jan.
G overnment W eekly Cotton R eport.—Mr, W . L. Moore,
Chief of toe Weather Bureau of the Agricultural Depart
ment, made public on Tuesday the telegraphic reports on the
crop in the Southern StateB for the week ending Sept, 27,
and summarized them as follow s:
Cotton picking lias been pushed forward rapidly ia all sections of the
cotton bolt, although Interrupted somewhat ia tile C arolina,. Eastern
Georgia and F lorria by heavy rains. The crop has suffered fur her
deterioration in Arkansas and portions of M ississippi and Louisiana,
ami damage from rains has resulted in the Carolina., and Florida. As
stated in the Bulletin of the previous week, the hulk o f the crop w ill
he gathered hy October 15.
State W eekly Cotton R eports.—W e srive below- summanes of the reports for the week ending Sept. 27 issued by
the various States under the auspices of the Weather Bureau
of the United States Department of Agriculture so far as
they apply to cotton.
V ir g in ia ,*—The reports for the past week indicate a slight im p rov e
m ent in ike condition of late crops, ex cep t corn and peanuts, due to
i he occurrence of general showers over the State oa the B,Id and 23d
inst.
N o r t h C a r o l in a .*—Cotton is a b o u t a ll m a tu r e d a u d u p la n d a llo p e n .
T h e ra in fa ll w as o f no value, white the h ig h w in d d id s o m e d a m a g e b y
b ln w iu g o u t c o tto n . A f u n n e r d e te rio ra tio n o f th e c r o p to o k p la o e
d u rin g ih e w eek and c o n se rv a tiv e estim ates p la ce the d e clin e a t o e a r lv
on e third s m oe Septem ber 1. P ick in g , in te rru p te d f o r t w o d a y s b y
th e rain, hue s in ce p rog r ssrd v e ry ra p id ly .
south C arolin a ,*—Much open cotton w ssb low n to the ground on
the 21st and 2;;d, and stained by the heavy rains. P icking was del ,yed by the unfavorable weather and the heretofore rapid opening o f
immature bolls was largely cheeked. Otherwise the rain was o f no
benefit to cottotj, which is now so far advanced as to be beyond liabil
ity o f injury by frost, there being practically no “ too orop.” Cotton
in many places is nearly all open and over half o f the crop-has been
gathered, the yield is reported to be smaller thaii expected and gen
erally disappoint'tig. There are m m y sections which w ill no doubt
make a full orop, but such reports are outnumbered two to one by re
ports of yields falling below aa average. Sea Island cotton was not
injured by the storm; on the contrary the rain w ill m aterially help the
" o d crop” , o f which there is a fair promise,
G eorgia .—Cotton continues to open rapidly so that now the bulk of
the crop is open. While the top erop is pronounced a failure and the
low er crop below the average, the quality of the startle is generally
good. Under the favorable weather conditions w hich have prevailed
for the work, a large amount of cotton has been pioked during the
past two weeks, and with continued favorable weather the m ajor p or
tion of the crop will have been saved by the latter part o f October,
Pickers are scatea m some counties
F l o r id a .— Cotton picking continues a dive, with no m aterial change
in outlook of staple, which w ill be decidedly below average yield;
some localities have gathered bulk o f crop.
A labama .—Cotton is opeuing very rapidly; our correspondent in
Greene County reports bolls the size of hickory nuts popping open and
that there will not be 25 pout ds to the acre left in fields in that section
by October 1; rust and shedding have decreased decidedly and while
a few coirespondents anticipate uearly an average yield, they are in
localities which h , ve bad especially favorable conditions, and form er
estimates of a decidedly short and early orop are confirmed by reoent
repott?; about three-fourths of the cotton is open and the bulk of the
orop will oertai'ily be gathered by middle o f Ootober.
L o u i s i a n a .— There was a total absence of rainfall and the w e e k w a s
•therefore very favorable for picking cotton, 'wliicli progressed very
rapidly, and many correspondents report it half picked at date. There
is a unanimity of opinion that there will be but little top crop, and Id is
believed that the balk of the cotton in north Louisiana will be gathered
by the m iddle of October. Some sections in the central parish t-s report
that it will take until December 1st to clean the fields and com plete
the picking. Worms are reported from various portioDS o f the interior
of the southeastern parishes as being partloulaGy dam igin g to the top
crop. Ginning is progressing favorably and the staplers being m ar
keted, though on,account o f low ptioes some planters are slow about
shipping. The quat am ine In general effeot also tends to a rather slow
shipment of cotton,
Mis s is s ip p i .— Cotton short and d a m a ged b y d rou th , ru st, sh eddin g,
rot, w o rm s a n d p re m a tu re o p e n in g ; p ick in g an d g in n in g co n tin u e
ra p id ly a-r d co tto n n ea rly all op en .
T ex s —Dry, pleasant w e e k ; very favorable fo r cotton picking,
winch is being pushed; bulk o f o op will be gathered by O ctober 15,
and generally com pleted November 1 , except p ossibly some top crop
over central ar t! southern pet iions; but top orop very poor aud in
m any sections none, as a result o f insufficient rai fa ll supplem ented
by damage from worm s and rust; cotton yield very irregu lar; poorer
in some localities aud b otterin others than anticipated, but altogether
considerably below average, with poor staple.
Ark an sas .—Cotton has opened rapidly and picking is general and
making rut id progress, fn some localities ootton is gathered at one
picking while m others 10 to 13 per cent remaius after be'ng picked
over onoe. The condition.of the orop has s'ead i y deteriorated during
the week, the top crop prom ising absolutely nothing, the youn g bolls
ilrjin g tip and droppiug off. Generally the cron is below an average
a> d but little if any better than last year. With favorable weather
tne crop will be pioked during the ensuing month. .
October 2
1 107.1
THE CHRONICLK
T essesseb. '—Continued drv weather prevailed during the week o ver
the entire elate, except la the extreme northeastern nonaries, where
lot-el shower* tell on the 23d. Cotton on lowlands suffered from the
frost*, hat ’.ha loss will amount to little or noth!eg, a* about all the
top fruit had already been lost by shedding. The erop Is nearly all
opened and pk-klo2 1* prorresslne rapidly amt favorably, and the bulk
of the crop in the State will be gathered by the 1st to the 10tl» of Ooto ber. Tile drouth ha* greatly shortened the orot), and from oae-thicd
to one-halt t* raiiously estimated.
Missouri. ' —Cotton piokiutt continue* in the southeastern counties
and the crop is reported very light.. . ,
.
Oklahoma ash Indian T e r m t o r t . — Intensified droughty ooaditioas
cooiinue in eastern section; elsewbe-e conditions favorable for cotton;
middle crop of cotton opening nicely and plosion progressing rapidly.
'Last bulletin for 1897.
s h ip p in g N e w s .—T h e e x p o rts o f c o t t o n fr o m th e U n ite d
States th e past w eek , as per la t e s t m a il retu rn s, h av e rea ch ed
8 ? ,334 hales.
Total bales.
To Liverpool, per steamers Bovie, 3,009 npland
and 41 Sea Island.......... ........ ..............................3,050
To Hop, per steamer Francisco, 498 npland and 100 Pea
is.and
.. ............................................................................
598
To 1ondon. per steamer Idaho, 2 6 8 .......................................
2b*
To Manchester, per Heiiuer Bellotia, 600........................ . __
MOO
To Havre, per aieamer* La OM eo.ne. s -L .. Mohican. 1.685 2,571
To nr-mv.o, per -i amers Bremen, 120 . . La sir WHlielm
tier Grouse, 698
............................... ........ ,
* • ........
818
To Han burg, par steamers Estremont Castle, M s .,, Persia,
2,.o
............................................... ..................................
319
200
To A raster dam. per steamer Edam. 200..................... ........
To Antwerp, per steamer* British King. 4 7 5 ....Southwark,
;a t ................ .............
....... .........................................
900
To Genoa, per steamers kwlila, 400 ...T rojiu Prince, 503 .
903
To Naples, per steamer Eilida. 100 ...................... .............
100
X w OKI ..AMI—To Liverpool, per steamers Engineer, 4,000---trsditano. I .dot
H u ll i»n, 7,650..................................... 13.250
To Havre, per .(earner Barden Tower. 2.000 ..................
2.000
To Barcelona, per steamer Oran Antltl*. 4.401................... 4.401
N e w
«37
L i v e r p o o l . — By cable from Liverpool we have the follow
ing statement o f the week’s sales, stocks, & c.. at that port.
Sept. 10.
Sines o f the w eek .......... bales.
Of w kioli ex porters t o o k ...
Of wWeli speculators tool; .
Sales A m e rica n ........................
A ctual e x p ort...........................
Forw arded— ---------- ---------Total stork—Estim ated..........
Of wMoh Am erican—Estm’d
Total Import o f tile w eek -----Of which A m erican....... .
Amount afloat..........................
Of which Am erican..............
Sept. 17.
59,000
2,000
53,000
438,000
330,000
55,000
3,100
700
49,000
8,000;
51,000
387,000
285,000
28,000
*23,000
24,000
22,000
4,300
1,500
53,000
6,000
3,000
11,000
8,000
Sept, 24.
51,000
2.600
400
47,000
11,000
51,000
340.000
246,000
15,000
12,000
39,000
3T,000
Oct. 1.
48,000
3,000
200
41,000
3,000
5U.000
297,000
207,000
11,000
7,000
85,000
82,000
The tone of the Liverpool market for spots and futures
each day of the week ending Oct. 1 and the daily closing
prices o f spat cotton, have been as follows.
Y o r k —
Spot.
Sat'day. M onday. Tuesday. Wed'day, Thursd’y F riday.
Market, 1 1 Small
In buyers’
favor.
1:45 V. M. ( ; inquiry.
M til.U pfds.
315 ,5
3 l» i«
#rles............
Pi*eo,«fcexp.:
6000
500
8.000
500
p.,*iAl.
1
Moderate In buyers'
demand.
favor.
3?a
3Vg
Sv8
8,000
8,000
8,000
j 1,600
600
500
Futurei.
Steady at Steady at Steady at Steady al
Market, { t W a i i !*»*» «**2-ei j part laity partially partially
1:45 r. M.{ > 1 X
decline. { KH dec. 1-54 adv. 1 iU. adv.
\
^
Ra
*sasy-
Quiet but
steady
Easy.
Quiet.
Easier.
327JS
8,000
500
Steady.
Quiet but
-steady
300
The prices o f futures at Liverpool for each day are given
To Eerrol, p»-r * earner Oran Azuillft, 300
■Oac.vsw' o .* u Liverpool. per stcaiiura Orion, 5.581 . . . Hlta,
below. Prices are o n the basis of Uplands, Low Middling
5,31'4 ............... .
. . .............................................. - .. . i c .s s s clause, unless otherwise stated.
7.300
T o H » i re. per (t r .m r r L iiMoa . 7,300 ............ ........................
To B ren.-e, p erttetu sar Crofeld, 9,f 0 0 ..................... .............. 8,000
(H i
To iior;, (>! . jii. per M ij*ai«r trienvech. 6
4
1
. .....
sa t,
Mon*
Tweak
W e d . ’C h u r * .
F r l.
413
T o Hamburg, p .r *w ain«r jron iuan d*. 413 . . . ......-----T o Antw erp, p r f stesm er. Lord Bangor, 1,241 ...O lin d a ,
Oet. 1.
12% 1 1:45 i 4 1:45 [ 4 1:45 4 1:45 4 1:45 4
3,541
jP.M«|P. M •I V ifP . M. ;f*. §1. jf*, M. V. M. 1*. M. '■P.M. P.M. P.M, P.M.
3,0 JO
8 a v a n * ah - 1<> drew**!), in r sMMuer <rottiosllffe. 3,C00.. . . . . . . , .
4. *50
To <(• no*, per strainer L a id . 4,3 0 ................. . ...................
fi.
d.
d.
d.
1 rf. d.
rf.
a.
d.
d.
d.
d.
I.Oj U
T o Venice, perstcsrino. E.dOAtmlr. 1,000 ....... .
|
3 48 3 47 4 47 3 48 3 46 3 47 3 48: ,
BsiOKAWlce —1 U Liver n..I, per .t-Hiu.-r iLiens V oalura, 2,143 2,145 Sept.-O et. . . i 40 3 45 -1 »:• 3 4t 3 40 •7 40 i 4213 40:3 45 3 40 3 3013 39
iw u
<*i! ust.Esrosi— t •» H ar,cion*, per •learner O im il.iv, 5 ,4 3 0 .. . . . . .
3 m 3 33 3 :.n 3 :sv3 83 3 33 3 83 3 32 3
7 « li
Wii.MiMtTds—To L iverpool, per
Atlantic. 7 ,8 1 1 .. .....
3 3l 8 30 § in 3 *3 3 30 3 31 3 31 3 .*0 3 BO
4.710
T o Ohetit, t e r steamer N iiu rtin s, 4 ,740 . . . . . . . . — . . . . . . . .
3 30 3 30 3 30 s3 33 3 29 i 30 3 30,3 2913 •49
B ’ iskim ti '.Liverpool, p««
Cam i>rom an, H h>......*yl3
3 30 3 30 3 32 3 29 3 30 3 3 0 :: 2913 29
m
v a n i o . l l ----- * . . . . . . . . .
. . . . . . . . . . . . . . . . .................
31 3 BO 3 HI 3 3 . 3 30 3 :u :i 3 1 3 30,3 29
IVb. Moh___3 35 3 34
2.817 | M rh .-A p ril.. 3 36 3 3*
Hautihok !'—T.i Bremen, per steam er O ideubotg, 2 ,8 1 7 ....... .
3 3 ! 3 ;n 3 m i 33 3 3! 3 :u 3 31 3 30j3 30
Slid! Mlty... 3 37 3 30
3
3 32 8 3 1 3 31
3 32 3 3.3 3 3 1 3 32.3
T o t a l------ _ ----------------------------------------------------------------------- 02.32 4 M ay-Ju n e... 3 37 3 37
3 33 3 33 3 34 3 35 3 33 3 34 33 3 ■ m 32
1
11
m
t-July...
3
39
3
59
3
88(3
34
3
34
3
3.•'•3
38i3
34
3
3513
3 4 <3 »3 i3 33
B e lo w w e a d d the clearances tht# week o f v e sse ls c a r r y i n g July-Aug.
' ' '
....................
.
........... . ___....................
. . ! ..." I 34'3 34
_____
__
c o t t o n fr o m U n it e d S ta te * p o r t# , b r in g in g our data down to
J u t e B u t t , B a l l i n g , d rc . — The market for jute bagging
the la t e s t d a t e s :
tsA t.vesros—To L iverpool—Bspt. 25-s te a m e r E iropu»n, 10,888 ... bueu quiet but steady during the week under review, the
Bent. *7 -Steam er O .oar 11, 1.211 ...8 » p i 2.4—(Lwrn ir E xplorer, hose 1 1 nigh* being at 5> ,v. for l3, lbs., 5 '„ c . for 3 lbs. and
3.146.
0 V .;. for 2L, lb*. Car-load lot* of standard brands are quoted
T o ll» v r » —Sof t. 2 5 - 8W»m*r Port H unter. 8,809.
a- 'd ,c. for I l b s , , d uc. for 3 lbs. and 6 ''^c. for 8)4' lbs.
TO M tneitM * t—Sept .9 -4 t c *m -r 8*lu tn l«A , 5 ,9 0 1 .
To Huh —Sept. 2A—Steamer Hurt 1, (4 4 .
f . o. b. at New Vork. The market for jute butts continues
To Bret! on — opt. SO—Steam, r Alder* vale, 5,917,
quiet. Quotations are
'91c. for paper quality, U^c.
To (,i«E04—Sept. 3 0 —Steamer
7,194.
8 t v O s l u « ! l o L iveto » i —4e<«. 2* S'eam or OootA S to a t, 4.24 2 tor mixing and 1 ;dc. for spinning cuttings, all to arrive'
S ett 2 9 - ‘ 1com er Craftsm an, 1 0 , 2 8 9 . 1 —Steamer M ont Spinning cuttings on the spot are quoted at l 'ac. and paper
pelier, 9.850.
quality at le.
___________
To o a v io - Sept. 3 0 -S teauier Samoa. 13,882
To B emeu—sopt. 29 -Steamer 4 kab 4. 9.100.
T* H «m oorg —dope 25 -8 te * u ,r C m rn .k l*. 50 ...S e p t. 2 3 B R E A D S T U F F S ,
StBirnc ‘ teller 4. 1.071
F r id a y , October 1, 1897,
To H e n -a -S e p t 24 -M -a m ef B iti*h P d toe, 4.1 90___ 8>pt. 30Sbearuer Pto IX . 8.217.
Only
a
peddling
business
has
been
transacted in the mar
M tF K U - IN> L' v .* 4 ..(o p . 23 —Steamer Venus. 3,318.
ket for wheat flour. Owing to a downward tendency to grain
■Sava v v a h —t • Berm*
sopt. i S - s t e t n e * tjoolseiiif. (addition ill,
1.75/t M-trat», i.lI D ...S ep t. * 0 —9 (0 troer t y n t t l l T , 5.55J.
values buyers have shown indifference about making pur
To II null irg -.4-At 2 •— He• I.*' M trot4. 4 >1).
chases and have held off for lower prices, limiting their
takings to such supplies as have been needed to meet their
most urgent wants. Sellers have weakened somewhat in their
ideas of prices but not sufficiently to attrac t buyers. Rye
flour has sold slowly and values have further declined. Busi
ness in the market for corn meal has been slow and prices
have weakened slightly.
There has been only a limited amount of activity to specu
lative dealings in the market for wheat futures, and prices
have declined, more particularly for the near-by deliveries,
under liquidation by longs prompted by the heavy move
ment of the crop and a weaker turn to foreign advices. A t
the lower price-, however, the purchases for export have
been large. Saturday there was a quiet market and prices
8*» r*A*Ai*(io— i’<>Japan—Sept. 22 —Stonner Oaalte. 600.
weakened 1 ,f« ‘ ,c . under some pressure to sell prompted by
Cotton fr e ig h t * a t N e w Y o r k t h e p » « t w e e k h a v e be< n weaker foreign advices. Monday the market declined during
m follow s*.
ea rly ’Change, under fairly free offerings prompted by cable
advices, a large increase in visible supply and a heavy crop
movement. Towards the close, however, the market turned
Br\
gatur.
Tats. Wednt*. Thura.
Mem.
steadier, and prices for the day showed a loss of t^c. Tues
.
1
»
Liverpool.unite.! .d.
I
»S3
day the market whs weak and lower, as the large movement
ttov re......... .........e. 3 5 -3 7 S tj6 q »y < * i1r i I*7^,» l .'d ,4i7,» l H ti'stf1* '
of the crop prompted free selling by longs, and the close
351
Sterne n ...............tl.
35 f
351
35?
351 : 351
r-bowed prices Irani ,c . off for the day. Wednesday the mar
Hwinhiiri?............d.
301
30f i
301
30i
301
301
ket was firmer during early 'Change, based on the report
A m sterdam ........ t.
35 f j
351
351
351
3.V
351
from the W est of the unfavorable weather conditions for
5CH
B «v*l, v. lU m b A .
451
501 | 501
50'
50t
seeding in the winter wheat belt. Subsequently, however,
D o v. UnB...rf.
4 81
451
481 j
481
481
the market broke badly under large increase in the world’s
48*
351
■liiJtt-eTclaTis »*„»*«&*
351
35 r i
35f
351 ’
35t
visible supply*and prices for the day closed ljj@31.gc. lower.
O s n o * ................. d. 321*-351
Thursday there was a steadier turn to the market, largely on
bo
he
3lt \
>14
7.,.
Trtoste............... ,d.
a demand from shorts to cover contracts, and prices advanced
tw
-12
•A*
».*
SkMtw%Tf............,d
! f? 1 V.:. To-day the market was firmer during early ’Change
t»h«nt.v.Antw 'p./l.
on moderate buying, stimulate 1 by the dry weather West.
3ts
t*#497,8
*7.13
Subsequently, however, tinder liquidation by longs the marf Oeittstie* per t o o tbA
BaiM Hriua— 10 Bremen -H oot. 2 8 —tu a iu w tn eld dn e, 3.550 ...S o p t.
j O —Steamer Albion, 7,002.
i .iI aki **rt>4
o B Om an-Sent. 27—Steamer .JttiM. 7,259. ...S s p t 2 9 —
steam er Oswestry, 6 ,0 00— Sept. 30 ~ 8 t«»n ie r M ajfletd, 8,944.
To II iroei.tuA—Sopt. 8 —Steamer Axmlnater. 3,400.
T o tlenr-a—Sept. 29—Steamer Axraloster, 1.700.
” o « r B u m . to Liverpool - 8 -pt to -Steam er Brookfield, 7.931.
Wif.ttiKOTo*—to Liverpool—Sept. 2 9 -S team er Koxhy, 9,3 28. ..O at. 1—
Steamer Vera, » ,t l 2 ,
Boalost
L lv e rp x v —8 - 0t 2 7 —Steamer Sachem. 491 . . . Sapt. 23 Steam *r VleWrlao, 4 714.
To Y afm oiiiit—Sept. 2 1 —Steamer Yarm outh, 1 1 7 ....Sept, 27—
Hr, Aiuir V,,rmo clt, 30.
E iL tlM oaa f»» Liverpool -S*Bt. 23 -S team er Ikbal. 1 .7 3 1 ___Sept, 29
—Steamer Nediremore, 1.797.
T o B « * e i—Sept, z * -steam er Willebad 1,597,
To H amburg—Sep*. 30—Steamer Adrta, 3ot>.
THbi
H3b
( HLiONJLOLE.
[V ol. LXV,
D omestic Cotton G oods.—T he exports of cotton goodsket weakened, aid the close showed prices
c. lower for
the day. The spot market has been active, as shippers have from this port for the week ending Sept. 37 were 3,670
been buyers. To day business was fairly active. The sales packages, valued at $160,366, their destination being to the
included No. 1 Northe n Duluth at 9
6
f. o. b. afloat. points specified in the tables below :__________________________
No. 2 red winter was quoted at 95f£c, f. o. b. afloat.
1896.
1897.
1
DAILY CLOSING TRICES OF
Sat.
Ootober delivery..............e.........
D tteem berdelivery.........e. 9*%
M ay d elivery.................. e. 93%
NO. 2
Him.
96%
91 %
93%
RED WINTER WHEAT,
Turn.
Wed. Thttrs.
Fri.
95%
92%
t*4% 93%
93%
91%
92% 92%
92
89%
91% 91
Indian corn futures have been quiet, as there has been
only a small speculative interest shown in the market. The
tendency of prices has been downward in sympathy with
the weakness of the market for wheat and also under the
free movement of the crop and a large increase in the visible
supply, which prompted selling. There has been a sharp
falling off in the export demand and this has also been
against the market, as with the large receipts supplies have
been accumulating rapidly. To-day the market was dull
and the close showed a fractional decline. The spot market
was quiet. The sales included No, 2 mixed at 34@34%c,, f.
o, b. afloat, according to delivery.
DAILY CLOSING t’ RIOES OF NO. 2 MIXED CORN.
Tues.
Sat.
Mon.
Wed. Thurs.
32
32^
33%
32%
October delivery....... ...c . 33%
33 %
N ovem ber d elivery.. ...0..............
33%
33%
34%
34
Decem ber d elivery..
34%
35%
37 %
—
37%
37^4
Mny d elivery ............. . . . c ..............
Fri.
32%
33 %
37%
. Oats for future delivery have been dull, but there has been
a weaker turn to prices in sympathy with the break in corn
values, and also under fair!v tree offerings prompted by the
fairly heavy movement of the crop. A t the lower prices
business in the spot market has been more active, as shippers
have been buyers. To-day tbe market was quiet but steady.
The spot market was steady. The sales included No. 2
mixed at 23^@23}^c. in elevator and No. 2 white at
26}£@28% c. in elevator.
DAILY CLOSING FRICES OF NO. 2 MIXED OATS.
Sat.
Mon.
Tups. Wed.
Thurs.
October d elivery........... c. 24%
23%
23% 23%
23%
D ecem ber delivery.......c. 25%
25
24% 24%
24%
Fri.
23%
24%
Barley has been in limited supply and steady for malting*
but feeding has been weaker. Rye has been quiet and easierThe following are closing quotaiiots:
FLOUR.
F in e ...........................$2 20 ® 2 80
Patent, W inter----- $5 OO ®5 50
Superfine.................. 2 9o ® 3 20
City nulls, extras
5 60 ®5 70
Extra, No. 2 .......... 3 20 ® 3 (SO
R ye flour, supefilue 3 25 ®3 70
Extra, No. 1 .......... 3 40 ® 3 95
Bu kwheat flo o r ...
2 00
C lea rs........ .
. . . . 4 25 ®4 70
Corn meal—
Straight*.................. 4 60 ® 5 15
Western, etc_____ 1 9 0 ®2 10
Brandywote__ _
2 15
Patent, Spr ng.
5 25 ® 5 75
[Wheat flour in sacks sella at prices below those fo r barrels.]
G R A IN .
0.
c.
90 @ 99
Oorn, per busli—
0,
e.
W e*tem mi xed___ ...3 1 '@35
No. 2 m ixed. ..
95%
.. 32 @34%
97
Western Y ellow ___ ...3 3 @35
196%
W estern Wltite___ ...3 3 @35
25
E ye—
32
Western, per bush -- 48iQg>52
24 bj
State ami Je rse y ... . . 48 @54
27% Barley—W estern ___
@55
F e e d in g ....... .........
3612'3i37
F o r o t h e r t a b le s n e u a llv R iven h e r e »e e paKt- 0 0 6 .
Wheat—
Sprint,-, p er bush.
Bed W inter, No 2
93
90 ®
Northern, **o L.-. 9
Oata—M ix’d,p* r belt. 2 2 h fd>
25 @
No. 2 m ixed .
.. 2314®
26l2'&
TH E
DRY
N e w Y o r k to S e p t . 27.
Week. Since Jan* 1.
3,732
2.5*9
99,813
8,521
17,874
14 507
1 J,014
2.562
6,570
36,494
3,849
103
15
100
770
856
100
2 8
42
243
. 1,506
118
2,772
2.050
81,877
4,298
25,161
14,349
9,3 66
2 079
6,922
37.508
3,062
207,575
15,966
4,071
4,463
189,444
27,977
223,541
3,670
T ota l..
* From v « w Envland m ill points d irect.
8,534
217,421
174.
6
510
51
436
40
305
2,077
67
3,670
T ota l............................
China, via Vancouver*,
......
The value of the New York exports for the year to date
has been $8,111,885 in 1897 against $8,338,149 in 1896.
Brown sheetings have been dull this week in all weights,
home consumers buying sparingly and the export demand
continuing inactive. Brown drills also have been dull.
Prices show some irregularity, and outside of leading brands
tend in favor of buyers. There is also an easy market for
brown osqaburgs and ducks. There is only a slow demand
for denims, plaids, ticks and other coarse colored cottons,
but prices show no material change. Bleached cottons are
drill in all grades, without qaotable change in prices, but
sellers are easy to deal with. For wide sheetings and co'tou
flannels and blankets the demand is quiet, but with limited
stocks prices are firm. There has been a slow trade in prints
of all kinds, but these are generally in good condition, and
prices are maintained. Staple ginghams are slow of sale bnt
steady ; other ginghams quiet and featureless. Kid finished
cambrics dull, with an easier tendency. Print cloths, in the
absence of demand, are tending downwards. jExtras havo
sold at Fall River at 2%c. Odd goods in favor of buyers.
1897.
Sept. 25
Stock o f Print Olothi—
A.t P rovidence, 64 squares. 3r>u,000
Pall R iver, 64 squares > 861,000 $
A.t P a ll R iv er, odd sizes.. $
Total sroek (Dieeesi
1,241,000
1*96
Sept. 26.
378 000
*41,000
732,000
1,951,00 0
2 24,000
347,000
F oreign D ry G oods — Business in spring dress goods has
been dtsapp in ting this week, and only moderate orders are
recorded. Silks are very firm, with fair sales. Ribbons
strong Linens well sold and very firm. Men’s-wear fabrics
are very firm and in moderate supply.
(lu p A r ta tiiM in a u d
W a r e H n o is * ©
W
t t b d r a w a
!» o
f B r y
O o o d g *
The importations and warehouse withdrawals of dry goods
at this port for the week ending Sept, 3 >, 18S7, and since
January 1, 18*7, and for the corresponding periods of last
year are as follows :___________________
5
0£.
®
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ts
&
uSo
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irt
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GOODS TRADE
N e w Y ork . F riday , P. M., Oct. 1, 1897.
The week opened with business checked by the Jewish
New Year holiday, and has not at any time disclosed other
than very quiet conditions in most departments. There has
been a limited attendance of buyers in the primary market
find in the jobbing circles there has been a considerable fall
ing away. The yellow* fever keeps the demand from the
South down to insignificant dimensions, and mail orders
from other parts of the country have been on quite a mod
erate scale. Tbe course of the cotton market continues ad
verse to sellers of staple cotton goods, and in some directions
prices have tended in favor of buyers, the conditions at the
opening of the month being decidedly leas favorable in this
respect than at the beginuingof September. Stocks continue
in good shape as a rule, but sellers will be seriously disap
pointed if an extended business shortly does not come for
ward to pi event accumulations. Print cloths are accumu
lating and are tending downwards. Tue woolen goods
division of the mat ket maintains previous strength in all
directions. Collections continue good at both first and sec
ond hands.
W o o l e n G o o d s .— There has been a limited demand this
week for m*n s-wear fabrics in light-weight woolens and
worsteds in both plain and fancy goods, but continued quiet
uclebas no effect on the tone o f tbe ui rket. Tnere are m il
indications of an upward tend ne.y in pn •« . Manufacturers*
who are well sold up for tbe spring season, and ilnse are in a
clear majority, are impelled by the course of the wool market
to refuse further orders at p-evious prices, and great as the
general advance has been so far. indications are all i t favor of
a yet higher range for the coming Reason, preparations h r
which are being pushed forward. 01ay worsteds are exci-ptionallj strong, even in such a market as now exists. Busi
ness in ov r-outings and cloakings has been moderate, a
scarcity of ke seys checking some nynur. Dress goods for
Spring arc in good reqtm t, wi'h a l-cided upward tendency.
Flannels and blankets tirm but quiet.
Week. Since Jan. 1.
a rea l B ritain____
Other E u rop ea n ..
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October 2.1897.)
THE
CHRONICLE.
639
John R e ar d o n , N e w Y o r k .
| f 250,000 sc h o o l buiM iag, d a e 1937................... ............................... ......... „ , ..........105*10
B r o o k l y n T r u st Co m p a n y , B r o o k l y n .
$7,000 M em orial bon d s, due O ctohar 4. 1917___. . . . . ...... ................................. 102*10
TERMS OF SUBSCRIPTION.
! 250.do0 local im o r o v e m e n t b o n d s, due Jan uary 1. 1917.................................. 102*10
70 000 Flat-bosh sew er, d o e 1*21 t o 1 9 2 3 ........... ........................ ... ................ 102*08
35.000 Flat ba sk sew er assessm ent, due 1911 t o 1 9 1 5 ............................. .
.101*20
T he I n v e sto r s ’ S u p p le m e n t w ill b e fu rn is h e d without ii 80,000
20t.li W ard im p rov em en t bonds, d u e O cto b e r 4,19• >3........................ 100*69
extra c h a r g e t o e v e r y a n n u a l s u b s crib e r o f th e C o m m e r c ia l | 57,000 A lb a n y A v e n u e im p rovem en t, d a e Jan uary l , 1937......................... .103*30
B l a k e B r o s . & C o . a n d H a r v e y F i s k & So y s , N e w Y o r k .
a n d
F in a n c ia l C h r o n ic l e .
........................................ .
.. . . .
...104*849
The S t a t e a n d C i t y S u p p l e m e n t w ill a lso b s fu rn is h e d $1,040,719 76, all o r n o n e .
B e r t r o x & St o r k s , N e w Y o r k .
w tth t.u ' e x t r a c h a r g e to e v e ry s u b s crib e r o f th e C h r o n ic l e .
........ ..,..,....1 0 5 * 9 0
S 1500.000V all o r an y part, d u e Jan -1 .1 9 3 7 . ___ . . . . . . . . . . . . .
T he S t r e e t R a i l w a y S u p p le m e n t w ill lik ew ise be fu r ■ 40*2,000, all o r n on e, sh o rte r m a tu r itie s .. . . . ..................................................... 103*50
n ish ed w ith o u t e x t r a c h a r g e t o every s u b s crib e r o f the
E s t a b r o o k & C o., B o s t o n .
I $250,000 s c h o o l building:, all o r none, due Jan uary, 1937.............. ................. 103*60
C h r o n ic l e .
250.000 loca l im p ro v e m e n t, all o r n on e, due J anu ary, 1917 - .. . ............103*71
The Q u otation S u p p l e m e n t , issued m o n th ly , w ill also b e
G e o r g e S. St i l e s , N e w Y o r k .
S tate * n p C ity
D t f w r m m ,
fu rn ish ed w ith o u t e x t r a c h a r g e to e v e r y s u b scrib er o f th e
j -$1,040,719 76 at par and a premium o f ..... ...
................. . ............ .$59,476 26
CHRONICLE.
F. H . M i t c h e l l . N e w Y o r k .
TE R M S fo r th e C h r o n ic l e w ith th e fo u r -S u p p le m e n ts j $1,010,719 76 at par and a premium of ................... . ............. ..............$>9,93532
above named are Ten D ollars w ith in the U n ite d S ta tes and
A. B. W hiting , N ew Y ork .
Tw elve Dollars in E u rope, w h ich in b o th ca ses in clu d es |$1,040,719 76 at par and a premium o f ....... ........ ...................... ..............$58,577 22
postage.
E n r i g h t & C o., N e w Y o r k .
Terms o f A d v ertisin g —{Per in ch space.)
Ona time............................... $3 50 |Three Months (13 tim e*)..$25 00
One Month
(4 times).. 11 00 |Six months
(26 times).. 43 00
Tw o M onths
(6 times).. 18 00 |Twelve Months(52 times). 5$ 00
The above terms for one month and upwards are tor standing cards.
1 $250,000 00 school-buiMingr bonds, due January 1, 1937....................
106*76
103*28
80.32>00 consolidated stock, dae January 1 ,1 9 3 7 ,.......,,.,........
110.391 76 consolidated stock, due January 1,1137 ................ . ............... .106*72
50.000 00 consolidated stock, due January 1. 1937...............................
.108*69
37,«XK>00 cons didate i stock, due J muary l, 1937.....................
100*71
90.00000 consolidated stuck, due January 1 .1937 ........................
106*66
5.00000 Pohllc Library bonds, due .January 1.1937 .............................100*28
; 80,000 09 consolidated stock, *1ue October 4.1917.'
................ .........,104*18
7.000 00 memorial bonds, due out her I, 191:....................................... 101*09
2
00 local improvement bonds, due January 1 ,1917.......... ..... ... 104*19
.....................................
L0V 15
■
B o n d P r o p o s a l s a n d N e g o t i a t i o n s this
80.000 00 Twenty-sixth Ward improvement assessment certificates,
duo October 4. I0o2 ......... ............................... . ............101*08
w eek have been as follow s.
The awards will be made to-day. The issnesare as follows;
Anaconda, Mont.—Bonds D efea ted —The citizens of Ana
o> sdhooi butlimj? bonds. Maturity January 1 ,1937.
conda have again voted against the proposition to issue i11250.000
30,325 00 com* did Red stock for constructing new East Itlver bridge. Ma
turity January i. UM*.
#25,0 0 of sewer bonds.
dated stock for extending the system of water supply. Ma
Ann Arbor (City), Mich .— B o u t Offering .—Proposals will 116,394 76 consol
turity January 1. i <>7.
be received until 5 p. m. (local time) Oct. 18, 1897, by (lien ! 50,00)00 consolidated stock for oonsiructlng auxiliary sewers. Maturity
January 1.1937.
V. Mills, Clerk, f o r f 13,508 25 o f 5 $ sewer bonds. Securities 37.000 00 consolidated
stock for improvement o f Albany Avenue. Maturity
January i. IS*/?.
are issued pursuant with an act of the Legislature approved
90,090
03
consolidated
stock
for the Disciplinary school. Maturity January
May 21, )893, and authorized by an ordinance passed May 21,
1, 1937.
5.000 oo f ublic Library bonds. Maturity Jan. 1. 1937.
1894, and are for the purpose o f constructing sewers in
.dictated stock for improvement o f Wallabmit Market. Ma
Lateral Sewer District No, 6. Bonds are dated September 6, ! 2O.O0000c jus
turity October 4. 1017,
1897, and are in denominations of #500, except the fractional | 7,000 00 memorial bonds Maturity October A, 191.7.
00 local Improvamstkt bonds. Maturity January 1, 19 7.
parts made necessary by the bonds maturing in four equal 250.000
70.000 00 S flatbu fairer bonds, maturtnu $9,000 annually on August l from
1921 to 1927, inclusive, and $7,000 in 193*
annual payments. Interest will be payable at the office of
35.000 00 Flatoush sewer assessment bonds, maturing $7,000 annually, be
the Treasurer.
ginning August l, »911,
SO.1-0 000 Twenty-alrtu Ward improvement assessment certificates. Matur
Ashtabula!Ohio| School District — Banda Proposed.—'The
ity October 4.1908.
-School Board has under consideration the issuance o f #40,010
F or further particulars see C h ro n icl e Ssptembsr 18, 1807,
o f bonds for a new school bnilding.
Atlanta, Ga.—Bon/to Authorized —The Finance Commit p . 58).
Buffalo,
X .— B on il S a le .— On September 25, 1897, the
tee of the City C uncil has passed a resolution recommending
Council to authorize the issuance of #.*00,000 bond* for laying city swarded the #1 0.009 o f 3>*? registered water bon«D and
#50,000 o f 3W? registeral refunding binds as fo tlo w i: Water
new water pipes.
Baltimore, Md, - Bond State.—The Commissioners o f Fi bonds, #209,000 to the Buffalo Savings B in k and #101,000
nance have taken #295,009 of ihe #0.000,000 3 per cent loan each to the Erie Cininty S w in g s Bank o f Buffalo and O non
due January 1, '94 , for the Sinking Fand. The total amount daga County Savings Btnk o f Syracuse, The refnuding
o f this loan issued to date is #3,900,000 and the remaining bonds were awarded to Joseph E. Gavin. F oll jw in g are the
bids:
#940,0; 0 will be issued as the money may ba needed.
1400,000 W ATrit KOSBS.
Beaufort County, S. C .—Tem porary Loon —Under the BuJT.iio >vv. Bank,
. . . . . *102*30 j Farson. Letch & Co., New York. 101*385
' dons of au act passed at the last session of the South Joseph E. Gavin. Buffalo....... 101*442 Strict, Wykes Co.. Now York...101*31
Oounty Savinits Bank, J+101*3< E H. Itolllni & Sons. Boston... .101*29
ina Legislature this county has borrowed #1,000 from Eric
Buffalo . . . .
Bortron A Storra. Now York.. .. 101*28
........... . . . #4101*5*
Onondaga County Savings j •>1.01*35 It. L. Day A Co., New York......lOL*03
the county sinking fund.
B a n k , S y r a c u s e * ( f 101*50
Bloomington (Hi.), School District.—Bond Offering —
•Bid for $200,000, t Bid for §100,000.
Proposals will be received until 2 p, m. October 7. 1897, by
$50,000 REFUNDING RONDS.
B. S. Potter, Secretary Board of Education, for #33,009 of
h EL O avln. Buffalo... . . . . .102*295 Farson, Leach & Co., New York. 10i*88
it bonds to pay indebtedness incurred in bnilding school*, Josep
W estern Savings Bank, B u ffalo. 102*233 35. H. Rollins A Son*. Boston— 101*29
s&c. Interest will be payab'e semi-annually and principal B a n k Of B u f f a l o . B u f f a l o .................102*13 I Bertron & Storrs, New York. ...101*28
Wy»m A Co,, New Yark, iOS*11 Newbarg Swv. Bank, Newburg.. 101*27
will mature # 10,900 annually, beginning 1909. A certified St.rent.
W. J Hayes Sc. Son*, Cleveland..101*57 |R. L. Day A Co., New Y ork...... 101*03
check of $ .00 > mast accompany proposal, and the pur
The water bonds will mature #20,000 annually bsginning
chaser must furnish the baOd*. Total indebtedness, includ
1, 18'jS, and the refunding bonds #2,500 annually be
ing this issue, #93,uOO: assessed value, 1897, #1,639,075; real June
gin aing October 5. 189S. For farther particulars see C h r o n
value, # 4,5*16 300. Population, estimated, 1897, 23,<>00.
icle last week, p, 582,
Boston, Maw,— Temporary Loan.—On September 27. 1897,
Burlington (Iow a), School District.—B mds Proposed.—
the Treasurer negotiated a loan o f #800,(K0, which will The
School Board has under consideration the refunding of
mature November 4, 1897.
Brad dock { Borough b Pa . —Bond Offering .—Proposals will #27.7 i0 o f ft? bonds maturing November 1, 1897, and #20,0)0
5i optional b onds.
be received until 7 p . m Octobsr 15, 18*7. by P. S. Todd, o f Cambridge,
Ohio,— Bond Election,.— A. special el action will
Chairman Finaaca Committee, for $102,010 of tup water, ba held Octobar 2, 1897, to vote on the proposition to issue
sewer-extension and street-improvement bonds. Securities $10,0 X) o f bonds to purchase a cemetery site,
are in '^nominations o f #300, dated September 1, 1897: inter
Canton, Ohio.— Bond Sale.— The following are the bids re
est will be payable semi annually, at the Treasurer's offioe. ceived September 27, 1897, for the $4,000 of lit street-im
Principal will mat are serially in from 1 to 29 years. A cer provement bonds:
tified check for #50 * m ud accompany bids.
Diet*. 'Dnaifon A Prior. O leve.tU *! 87 \W. J. Hayes & Sons, Cleve...-.§4.137 20
Brookline, Mass.— Loan A uthoriz'd —The Town Treas
4,106 00
A Mayer. Cln....... 4,161 75 j The Croghan Bank A Savings
urer has been authorized to b>rro w #15,009 on 4? notes, pay Seasonsoml
S. A. Kean, Chicago........... . 4,140001 Co.. Fremont. Ohio. ............ 4,102 00
able within 30 years.
,
Principil will inrtnre $40) annnally. For farther par
Brooklyn. S. \ ,~ B on d Sale.—On September 30, 1897, the
following bids were received for the #1,049,719 76 o f 8K5> ticulars see C h r o n i c l e September 18, 1897, p. 538.
Cincinnati.—Bonds A uth orized .*1The Board of Adminis
gold st)ck and bonds ;
tration have authorized the issuance of bonds for the pay
J MLJ0HMS. NlW Tonic.
$*><«0/i ft f)*>. mflop i»f»f part, due 1837.*-.
..........................104*37 ment of the improvement of Harold Alley, provided the
1 040.71* 76. or non*................ . ........... ............................. 103*755 special assessments to be levied are not paid prior to the
R L, Dat & Co.. Boston.
issuance of the bonds.
$§?8r7l§'7§, all or any iwurt,
IkainuT, 198?...*,.......
,105*73
Clallam County ( Wash.) School District No. 7.—(P . 0.,
27/51000, all fir »:«§«, dae Det. 4. t9|7#
................ ,,W»....W 66
250.000■?*}. all or any part. doc* Jan, 1. I *17 ......
... ... ....... ,.10'*44 Port Angeles, Wash.)—Bonds Unsold.—No bids were re
70 <-«>•(V*. All s.r none, n»Mwwh lewvr. d j ^ BO I t > 1*2/ . . .
ceived
by this district on September 29,1897, when $21,000
,injwtfi r*». all or son«, Piaiha*h *ew«*r
smtlR, duo 19it to illfi
10W
so w •>, , #{|fj>xnone, tin©IP02
....... .
100*53 8 t twenty-year bonds were offered for sale.
h , W , M o r r i s o n . X e it Y o r k .
Claxton, Da.— Bond Election.—An election will bs held in
«t4Msk.
103*20 this town to vote on issuing $3,000 bonds for the erection of
~ .
W % W A m & V j4l>t)W K , Niiw To UK.
^ „„
$&il,?l» IQ, <im 1937,..................... ........
.............................. 103*30 a school bnilding,
00,00000 fy«i>at>mn iigeiroTexxtent. Oct. 4.1017........................... ...101*11
Cleveland, Ohio. -B o n d Offering.—Proposals will be re
7/rn m Mom.TiAl hood*. Oct, #, 1»IJ....... ............ ......... ...........T'4*02
25f>S*OOOOIfK*l Improvement, Jan, 1.1917.......... . .......
.....10**12 ceived until 12 u. October 1, 1897, by H, L, Ro3)iter, Audi
Fiftt-ftafio
.,.____ _ ......
...
.1O5‘08
70J0O00 Flatlmiii few«r n**«8em«fit ..... .. ........ — .... ....,103 02 tor, for St99,0 o of 4c bridge coupon bonds. Securities are
My 0 0 0 0 0 Ward lB*&rov«?mecrt ccftl0c»ie*. due Oct. 4 , 1 9 0
101*01 in denominations of $ 1,0 90, dated October 1 ,1897; interest will
S
610
T H E
C H R O N IC L E .
be payable semi-annually at the American Exchange National
Bank of New York City, at which place the principal will be
payable O stob-r 1, 1926. A certified check for 5% of the
aui unit of bonds bill for, p ivaliie to the Treasurer of the city
of Cleveland, most accompany bids.
Bond News.— In last week's C hronicle we stated that
$9) 000 11 bri Ige repair renewal bonds of this city would be
offered for sale on October 23 1897. This issue was awarded
on September 10, 1897, to E. H. Rollins & sons, Boston, at
104'369. but an err >r having been discovered in the publica
tion of the advertisem snt of the sale in one of the local news
papers. the bo ads were declared invalid and are therefore re
advertised.
Coffey vi He, K an.— Bonds P rop osed .—Papers are being cir
culated for signatures in favor of issuing $17,0 10 of e'ectriclight bonds. If a sufficient number are secured the Mayor
will call a special election to vote on the issue.
Colfax County and City o f Raton, New .Hex.— B onds Cn
sold .— C. N. Blackwell, Cashiir of the First National Bank,
fiscal agent for this county and city, writes us as follows re
garding their bonds:
“ The Colfax County and city of Raton 6% bonds advertised
to be sold on September 2 1897, and time extended to Sep
tember 25, were not sold, a legal complication having arisen
regarding their issue, a d in consequence their disposition
has been temporarily postponed. However, I do not consider
the complication will delay their issue long, and when the
matter is settled and the bonds placed in my hands will re
advertise them.”
For particulars of the issue see C hronicle of Sept. 4, 1897.
Concord, N. H.— B on d Sale.— On September 28, 1897, the
$25,090 of 3 % 3 sewer bonds were awarded to E. H. Rollins
& Sons, Boston, at 105'426. Following are the bids:
[V )L. u v .
E still County, Kv.— C ou n ty Must P a y Its B on d s.— The
Frankfort Court of’ Appeals on September 25, 1897, over
ruled the petition for a re-hearing of the recent opinion in
the case of Estill County agaiast Col. Bennett H. Young
et al., in which it was held that the county is bound to pay
the bonds voted to the Richmond Nichoiasville Irvine &
Beattyville R R . This case has been decided twice in favor
of Col. Young, and is one in which the county sought to re
pudiate its bonds, amounting to $50,000, which were voted
for the building of this road
Folsom, N. M.— B ond Safe.— According to press reports,
$ 3,900 of 63 in-20 year (optional) school bonds have been
awarded to H . W . Krug of Trinidad at 93%.
Georgetown, Ohio.— Bonds A u th o rized .— A t a special elec
tion held Sept. 18, 1897, it was voted to issue $10,00) of
electric light plant bonds.
Gloucester, Mass.— ondSnle. — On Sept. 29, 1897, $4,0(0
of 4;; drainage notes were awarded C. B. Wilber, Boston, at
1 2 24. Following are the bids :
C. B. W ilba-......
Parkinson A Burr
Jose, Parker & Co.
,l02'24O II. S. Homer & Co
............101--85
,102*113 It. L. Day & Co. ....................... K>1*2?9
102-095 Blake Bros. & Co...... ...............100*057
Notes are in denominations of $400 each, dited Oct. 1, 1897,
payable one note annually. The interest wi 1 be payable
semi-annually by check.
Grafton, N. D.— Bonds V oted . —The people of this munici
pality have voted in favor of issuing $3 ,00 ) bonds to fund
outstanding indebtedness.
Grafton, W. Ya. - B on ds R ejected .— On September 11, 1897,
from information given by the Town Clerk, we reported the
sale of $10,000 of 5% water bonds, $7,0^0 to the Merchants
Savings Bank and $3,000 for the Sinking Fund. W e are now
advised by A . R. Warden, Chairman, tha all bids were re
jected, and proposals will be received until October 11, 1897,
K. n . Rollins Sot’ s. Boston
inv*28 i E. C. Stanwood & Co.. Boston... 100-25
Mechanics’ Nat. Bank, Concord. 105'177 •Jose Parker & Co., Boston.........100*189
for the bonds.
Gen. A. Fernald A Co., Boston .100 31 j H S. Homer & Co., Boston........ 100*031
Grenada. Miss.— Bondi Voted.— At the election held in this
Parkinson A Burr. Boston .......100*33 | N. U . Bible Society (for $2,000). 100'UO
town on September 27, 1897, the $15,0 0 additional bonds for
Interest will be payable January- 1 and July 1 at the N a water works, electric lights and sewerage were voted.
tional Revere Bank, Boston, and the principal will mature
Hartford, Conn.— Bonds A uth orized. —The Ordina ice Com
July 1, 1917.
mittee has reported favorably on the issuance of the follow
Corunna, Mich.—B on d E lection .— A n election will be held ing bonds, amounting to $375.00 >; $100,"90 of 3% # 40-year
in this city on October 1 1, 1897, to vote on issuing $10,000 paving bonds; $200,000 of 3% # 40 year municipal bonds, of
electric light bonds.
which $160 000 will be for a high school addition and $4) "00
Coshocton, Ohio.— B on d Sale — On September 27, 1897, the for bridges ; $75 010 of 3%# 25-year Police Department boutls.
$9,i 00 of 6% sewer bonds were awarded to W . J. Hayes &
llaylleld, Dodge County, M inn.— Bond O ff e r in g .— Propo
Sons, Cleveland, at 106-15. Following are the bids:
sals will be received until 2 p. m . October 15, 1897, by the
W . J. Hayes & Sons, Clev........ $9,553 so |The Commere al Banking Co.,
Village Council, for $2,000 of bonds to mature October 15,
Seasongood & Mayer. Cln........ 9,384 00 I Cosboct m .....................................$9,235 00
1902. Bonds will be sold for par at the lowest rate of inter
The New First National Bank.
Columbus.................................... 9,274 501
est bid.
Hempstead, Flushing and Jamaica U nion Free School
Bonds are in three series; first, $ 4 / 00, in denominations of
$666 66% each; second, $1,90 in denominations of $316 66% , District No. 27.— Bond Bale.— On September 27. 1897. the
and third, $3 100, in denominations of $516 66% each. A il $17,000 of 5% bonds were awarded to Felder & Co. of N ew
bonds will be dated September 27, 1897; interest payable York at 126'70. Following are the bids:
semi-annually on March 1 and September 1 , first payment to Seymour Bros. & Co,. N. Y— *126*81
Whann & Schlessinger, N. Y... 125-50
Street. Wykes & Co.. N. Y ...... 125T6
be made March 1. 1899. Principal will mature one bond of J. & W. Seligman & Co., N. Y..*120-/7
& Co
----- — 126-70
Bertron & Storrs, New York.. 125'30
each series on each March 1 and September 1, beginning Felder
Wilson & Stephens, N. Y ....... 12-*06
Roberts & Co., New York.......125*27
September, 1899. Principal and interest are payable at the C. H. White & Co.. New York. 1 0-609 The LampreehtBros.Co.,CIev, 125*25
E. H. Gay & Co., Boston
... 125*
Isaac W. Sherrill, Pougbkeep. 120-36
Commercial Bank ng Company of Coshocton.
George M. Hahn, New York.. 125’97
Ed. C. Jones Co., New York... 124-50
Stuart & Pari dock. New York, 123*3265
Cranford (N . J .) School D istrict.—B on d E lection.— An Leland, Towle & Co.. Boston.. I ' 5 77
Benwell & Everitt, New York. 125*039 L. W. Morrison. New York__ 123*28
election will be held October 12, 1897, to vote on the proposed Walter Stanton & Co.. N. Y ... 126*00
Farson, Leach & Co., N. Y.
li'3’1977
Rudolph Kleybolte & Co.,N.Y. 125-59
Daniel A. Moran & Co., N. Y .. 12-3*10
issuance of not more than $3'),u00 of 5 % school bonds.
W. J. Hayes & Sons, N. Y ...... 120*44
Cuyahoga Fulls, Ohio.— C orrection .— W e reported two
* Bids informal and rejected.
weeks ago that this city had sold -$10 ,0 0 1 water-works bonds.
Upon inquiry we find that we were misinformed, as none of
Bonds will mature $1,000 annually from July 1, 1917. For
this issue have yet been advertised, and City Clerk C. A. further particulars see C hronicle last week. p. 533.
Weidner is unable to say when this will be done.
Hoboken, N. J.—Bonds Awarded. — The $200,000 4% repav
llarke County, Ohio— B on d Sale.— Th e$40,0 0 6%' infirmary ing and $25,0u0 4% engine house bonds offered on September
bonds offered by this county on September 25, 1897, have been 22, c-97, have been awarded as follows: $100,900 repaving
awarded to the Ohio National Bank, Columbus, Ohio, (for bonds to Blair & Co., New York, at lO l'lfit: $100,000 repav
$11.9 '9.
ing and $25,000 engine house bonds to Hoboken Bank for
D arlington, S. C.— Son >s V alid .— A decision was rendered Savings at 107’63 and 10C-53 respectively. A full list of the
September 13, 1S97, by the South Carolina Supreme Court, bids will be found in last week's C hronicle. The repaving
declaring valid the $73 0 0 1 of bonds issued by the town to aid bonds will mature October 15, 1937, and tbs engine house
in building the C. S & N . Railroad.
bonds October 1, 1917.
Delaware. Ohio— Band S ite. —On September 25, 1897, this
Horton, Kan.— Bond Sale.— The State Permanent School
city awarded $2,50 1 6# four-year street improvement bonds Fund has arranged to take $7,000 bonds of this municipality.
to the Croahan Bank of Fremont for $2,593. Other bids
Hutchinson. Kan.— Bond S a le — This c ty has placed $32,w ere: Seasongood & Maver, Cincinnati, $3,583; D posit 00 ) bonds with the State Permanent School Fund.
Bank. Delaware, O., $3.5 )7 20; Ouio National Bank, Colum
Independence, Kan.— Bonds Proposed — There is talk of
bus, $2,575; Delaware National Bank Delaware, O., $3,555 ; refunding the present issue of $35,000 1% bonds, due in 19
First National Bank. Columbus, 2,537 5 '.
years, with a like amount of as due in 20 years.
Dodge Center (M in n .) School D istrict.—B onds A u th or
Jackson, Miss.— Bond Election. — The election, ordered
ized .— A t a special meeting the issuance of $ 10,000 scheol- for Sept. 22,1897, to vote on the question of issuing $75,0 0
honse bonds was authorized
of sewer bonds, lias been postponed until November 17,
Easton, Pa.— Bond Sate.—On September 15, 1897, this city 1897, on account of the fever excitement.
sold $18,600
thirty-year bonds to the Easton Trust Co. at
Jamaica U nion Free School D istrict No. 7 (W oodhaven,
a premium of $762 60.
N. Y.)—Bond Sale.— The “ Boston News Bureau” contains
Elmwood Place, Ohio.— 3und E lection.— The question of the following: ‘ D. A . Moran & Co., W alter Stanton & Co.,
issnin t $ 5,000 of water-works bonds will be voted on at the Wilson & Stephens and th» Edward. C. Jones Co., all of New
November election.
York City, presented bids Monday evening, Sept. 27, 18s7, for
v»
E llis County. Kan.— B o n d 'a le .— The proposed $7,000 re the$125,000 Woodhaven, L I . , N . Y .,5 # school district No. 7 05funding bonds of this county have been taken by the State year (average) bonds, and were told that the said bondshad been
Permanent ~chool Fund, as was expected.
awarded on Friday evening last to Henry Reed at 123-6083,
El Paso, Texas.—B on d N ew s.—A n ordinance has been in three days before advertised sale, and that the bonds bad
troduced in the City Council repealing an ordinance passed been delivered. It is said that each of the bids presented
August II, 1893, which provided for the issuance of $175,' 00 Monday evening was higher than the one accepted on Fri
of bonds lor water-works. The city has renewed its con day evening.”
W e are informed by Messrs. W ilson &
tract With the El Paso Water Works Co., thus doing away Stephens that their bid was nearly $11,900 higher than that
with the necesssty of issuing bonds. The ordinance also of Henry Reed
provides for the re-payment to the tax-payers of the tax
Jamaica (N . Y .) Union] Free School D istrict No. •">.—
collected for a sinking fund for the retirement of the bonds. B on d Sale.— On September 28, 1837, the $10,000 of 4% gold
THE CHRONICLE
O c t o b e r 2, io97 .J
611
bond* were awarded to Seymour Bros., New York City, at Deeds bonds $10,000 annually, beginning December 1, 1897,
For further particulars see C h r o n ic l e Sept. 18, 1897. p. 534.
Middletown (City ). Ohio.— flonci Offeri-nfj.- Proposals
Following are the bids :
Seymour Bros. & Co., X Y..... 102^6 1Daniel A. Moran & Co.. X. Y..... lfla-022 will be received until 12 M., October 12, 1897, by J. V . BonI Felder A Co., New York............ .Wn-31
c /H - White & Co.. New York.iOf^*
uell, C-ity Clerk, for $4,665 aOof 6$ street improvement bonds.
.., 101* its
F «S © e. Leach & Co.. X. Y .......’ <g374» i W jlsoa & Stephens ..........
Securities are issued in anti.iipwon of special assessments,
I Wbann & SeWessluger, N. Y. ..101T5
I. W. Sherrill, Poughkeepsie.. •
Waiter Stautoa &: Co., N. Y .. u:«2'30 ! K. B. rmlerhill. Jr.. N. Y........*K»T7*?6 pursuant with sections 2704 and 27* 5 of the Revised Statutes
miw.. C. ,hm m Co., New Y ork ,.l‘>Y25 1 Lek*mi. Towle A Co,, Boston-.
of Ohio, and will be in denominations of $466 55, dated Oct
I W. J- Hayes & Sous, B oston ... .noc*P9
*Bills rejected.
ober 13,1897. Interest will be payable semi-annually at the
Principal will mature in from two to eleven years.
National Park Bank of New York City, at which place the
Jamestown, N. Y.— Bond Offering. —Proposals will be re principal will be pavable 1-10 annually.
ceived until 13 M. Octobers, 1897, by the Board of Public
Monroeiille I Tillage), Ohio. Horn! Offering.—Proposals
Works, for 76.0 0 paving bonds and $l0,00't paving certifi will be received until (2 m . (central standard time), October
cates. Bonds will bear interest at not exceeding; 4*. payable i9, 1897, by J. F.Henninger, Clerk, for $8,500 of 5* electricsemi-annually, and mature in ten years from date of issue. light bonds. Bonds Nos. 1 to 9, inclusive, will be in denom
Interest on certificates will not exceed 57, payable semi inations of $500 each and Nos. 10 to 13, inclusive, $1,000
annually, and they will mature in from one to five years i ea:h, bearing date of September 80. 1897. with interest pay
from date of issue. Bids must be accompanied by certified able March ¥0 and September 30. Principal will mature one
check for *500, payable to order of Samuel A. Carlson, Sec ! bond annually, in numerical order, beginning September
retary and Treasurer of the Board of Public Works.
•30, 1900, and bond* Nos. 10 to 13 are subject to call after
Kendatville, Iowa.— Bond Offering.—Proposals will be re September 30, 1897.
ceived until 8 P. m . October 5, 1897. by the Common Council
Hand Offerin g. Proposals will also be received by J. F.
for * 8 ! 00 o ' 6 , bonds. They ate in denominations of 500; Henoioger, Clerk, until 1*2 si. (central standard time)’ Octo
interest will 0© payable April 20 and October 30 and the ber 26. 181*7. for $18,(00 of 5 water-works bonds. Bonds
principal will be payable on or before October 20, 1902.
Nos. 1 to 18. inclusive, are- in denominations of $500; Nos.
Kenton. Ohio— Bonds D fea ted .— At an election held in Ht to 27, inclusive, of $1.0 0 each, bearing date of September
this city on September 84. 1897, a proposition to issue $20,000 30 1897. with interest payable on Mar.-h 80 and September
water bonds was defeated.
30. Principal will mature, one bond annually, in numerical
Kern Comity ( P. 0 . Bakersfield). Cal.—Bonds Proposed, order, beginning September 30, 1902. and bonds Nos. 22 to 27
—The Supervisors have under consideration the calling of a are subject to call after September 80, 1923. Principal and
special election to vote on the question of refunding $850,t 09 interest on each of the above issues will be payable at the
of <!,' improvement bonds with a like amount of 5 p-r cents. First National Bank of Monroeville. A certified check for
fjM-qne-Parle County School District No. 86, ii»yd, •V, of the par value of bonds bid for, payable to the Treasurer,
Minn. -B o n d Sale, —On September 23. 1S97, the $3,500 of must accompany bids for each of the above offerings.
5t.CS bonds were sold to (I. Eliason, of Hontevifito, at lhO-715,
Mount Vernon, S . Y.—floods A uthorized.— On September
Lancaster, Pa.— Bon>‘ * * ufhariaed,—Regarding the $43,010 27, 18V7. the Common Council voted to issue $40 000 of high
loan recently authorized by the Council for the purpose of re- way improvement bonds for the purpose of paving addi
pairing 1he now West End reservoir, a report of which was tional streets.
given in last week’s CEfROicicle, we have received the following
Nashua, N. H .—.Yu V. w Bonds.—The committee appointed
adtifional information from J. H. Rathf n. City Treasurer. i to consider the advisability of the purchase of he PenniBonds will bear interest at 3*, per cent, payable at Lancaster, chuck Water Co.’s plant (to cost $800,000) has reported
and the principal will mature in from 1 • to 39 years. In against the purchase at this time; hence no action will be
reply to our question as to when bonds will be offered for taken on a proposed issue of bonds for the purpose.
sale the Treasurer says -in about two years,"
Newark, N. J.—Bonds A uthorized.—On September 29,
Leavenworth, Han.— Bond Sale.—Tb» State School Fund 1897, the finance committee of the Common Council of New
Commissioners have taken $27,1*00 refunding bonds of this ark authorized the issuance of $100,00 *temporary loan bonds
citv.
for the erection of grammar and primary schools Securi
Lincoln, llass.—Bond* V oted —This city has voted to issue ties are to bear interest at not exceeding 4d and to mature in
fUo.i 00 * thirty year oerial) bonds.
three years from date of issue.
Lincoln. Neb. B inds Proponed.—The City Treasurer ha*
New Britain, Conn.— Band Sate,— On September 28. t<07,
submitted to Council an offer of par for 6 s bonds to refund the $100,(0*1 of 4 water bonds were awarded to E. H, Gay
**> ,615 of bonds past due and maturing October l, 1*97.
& Co., of Boston at it 8-17**. Following ate the bids:
Little Mock, Ark.— Tem porary /.<„
The city has nego
.1
■Q m . A. Fcmtiltl & Co,, B oston... XQT2&8
SLA,
....
Hated a loon of $WM n,
K. H. Gay A Co., Bouton .......
17 H om m 8. Honsor A Col, Boston,!OTSSKi
itemtmn A Prior, cla v e ... 107777 R. L. Day A Co.. B oston............ 107TVI7
Lodi. X. J.— Bond Sale. —OnSeptember27.1897, the $12,000 THmt,
Pjvrkkio.fi A Burr. Bo? to tv._____ |D7*73y' i K. IL KoBliis A Sons. Boston — 117’039
of 5 - street Improvement bonds were awarded to Ben well & C. 11. Whit* A Co.. NNfw York .. 10T.70 E*(R,brook A Co., B oston...........100*38
Cnsbrnau. ¥\*h*>r A Fheltw.
. A-lam* A
Boston.................100*00
Everitt, .New York, at 1 0 5 - 8 Following are the bids:
Farson. U i c b A Co.. New York.l* 7'tir, \ it., C. StauwooO & C B oston ... 104*51
II 2 70.
p en w ell* Bvtsttt, S ew V v tk ....V -;rM i w ttooe A SHeMwre* S*w T w t ..HMhM
CL
.. ....
, mm*2M j Kdw. C*
Gr>., S'i h
....
N. w
H a m s A f «... Sow Y ork .lo C iu O l Frederick B n n cro ii i>3.«h-o»... .100-377.
Bonds will mature .Inly i, 19:7, For further particulars
Principal will mature 30 years from date of issue*. For see C uhun' k lf: September 11, 1897. p. 483.
New Brunswick. N. J, Bond O p en m /.— Proposals will be
further particulars,* 6 Chbosici.B last week, p, 584.
Lndingtmi. Mich.—Bond Election —A proposition to issue |received until 1 r. M., October 2’ , 1807, by City Treasurer J.
$9,000 bridge bonds will be put to a vote of the citizens of Bayard Kirkpatrick. 356 G-orge Street. New Brunswick,
N. J.. for $93,0 *o of I refunding sinking fund coupon bonds.
Ludingfon on October 8, 1-97.
w Jersey Legi«latnre
Macomb. Ill,—Bond -air.—This citv has sold at private Securities are Lined under ’
sale #10,000 15-year bonds to N. W . Harris & Co., Chicago, passed February *8, 1879, and resolution of Common Council
at 4*,: interest and ly premium.
Interest is payable in September 9. 1897. They will be for $1,000 each, exempt
from all taxation, and maybe registered. Interest will be
Mareli and September.
Madison County I P. D„ Richmond), Ky.—Bond Eiecti'n — j payable May 1 and November 1 at the National Bank of New
An election has been ordered to vote on the question of Is Jersey. New Brunswick, N. J ,; principal will mature Novem
ber l, 1922; bonds will be delivered November l 1897. Bids
suing bond# to pav for the turnpikes recently purchased.
Mad iso in ilie (Village) Ohio.— Bond Offering. Proposal# must be accompanied by certified check for 5% of their
will be received until 13 M October 35, 1807' by Bennett amount
New Madrid *Mo.) School District.— Bonds Registered, —
Carter, Clerk, for $19,750 of 67 bond*. Securities are issued
pursuant with Cm pier 4, Division 7. and Chapiter 2, Divis On September 20. 1897, the State Auditor registered $8,000 of
ion 9. of Title 12 of the Revised Statute*, and authorized by I 52 i* -2 t year bonds of this district.
New Rochelle, N, V.—Bond 8a'e,— Oa September 2 5 ,1897,
ordinance passed September 22, 1897. The amount of issue
may be reduced by payment* of special assessments levied ! the $53,000 of 5y sewer bonds were awarded to Seymour
Bros. & Co. at 110*51. Following are the bids:
for the retirement of the bonds at maturity Denomina i: W.
Ge*>. M. Hahn, Sew Vorli........ I0S-07
h. Armstrong.Quebec, Cm l JJC
tions will lx? 1 (0 of amount issued and one bond will mature r Htiymonr Bro*. 4 Co., S . Y. , .. 110*51 I-:, n. uaflerbin. Jr„Kew York. ,108'TS
. . . 108*78
Hudolob Kl^ybolto A C o , N. Y. no-, r, E u. Gay V <*o„ Boston
annually. Interest will lie payable annually at. the German I1 The
Iduuprecht Bros. Co., C lev.. 11“ 015 c. H. White * Co.. M*w York...108’38
National Bank of Cincinnati.
t M$w. C .Jonm Co., New York. . . loiro q Wilaon & Stephens. New York..iG8 05
NVhann
v
SchJes^eoffer.
N.
Y
— ’ 07-04
W, J. Haves A 8*m*. New York.lwn»S
Middlesex County, Mass.—flood Sale.—On September 25, Sea«onK<HMi
Walter Stanton t&Co.. S. Y ......106*05
a Mayer. Ota.... . . . Uncr.o
1*07. the $1 (M),0( 0 of 4; Court-House bond* and $90,000 of 47 1. W. Sherrill. Ponirhkeepfile....iod'255 Ben well x Ivverli t, New York , .105*89
Boston.. . . . . . . . 105-00
) A. Moran, Now York . .!• o 17 It. L. Dry A i
Registry of Deeds bonds were awarded to Adams & Co. of Dan
Bertron A Storm. New York
1". -J t Boland, Towle & Co.. Boston ...102*19
Boston at lffi-763 and 102-054 rospeflively
Following are Farson, Leach A-Co., New York.loO*
the bids as reported by the Button -New s Bureau’’:
The bid of W , L . Armstrong was rejected on account of
IKXMXii
».l >.«*>
Qm-rf. tfmm
of Bseds infor mali tY.
Principal will mature fo,0^0 ammaliv, beginning October
Btmdf.
Bond#.
A40M0 A Cf"\~ §$***%'•tS
. . . . IfJfc-TftH
1CKP0B4 1. 1047. For further particulars see Chronicle September
Be C.
>%Co.. float r n
........ .
100‘S®
.- K. i t M l t m h f»or a. Boat on ................. ................... I pOt**!
KU 357 18. 1897. p. m i.
Tbtr4 N**i*fi*TB*oic. Boaton.......... .......... ....
. 100*313
101*83#
Newtown (N. V.), Evei^reen School District.— Bond Elec
B. U Da r A. Co..
. . . . . . . . . . , . . . . . . . . . . . ______ 100-007
101'773
tion.—An election will be held October 12, H97, to vote on
M erritt,%Co.. B oston ........ .......... ..............108*C8
Bftnftroo* 4 Co * Bo*loo . ... .... . . . . . . . . . . .
.. !^ T « 1
101*519. the question of issuing $?5,(XO of school-house bonds.
4m, W.
A •
Umbm . . . . . . . . . . . . . . . . . . J<MTK?
101*38? ;
Blake Brr.a.. « Co . B oston.. .........
. . . . . . . . 107*15
101*88
New Xork City, X. Y.—Bond Sale.— On September 28,
Mann.^% .
................................... nm%ft
........
«o«t?r*. S c t msm <k Tol®aft,
..... . . . . . . . . . . . . 91.IM*00
100'4fi§ 1897, the $355,000 of 3f- consolidated stock issued for the pur
fw itinaon 4b B «rr. |PEi#fon..... ___ . . . . . . . . . . . . . . .
1Q|7^8 chase of grounds and the erection of buildings for the Col
■
A
4 Ox. Bmttm....................... ................ .
10177
lege of New York, maturing November 1, 1915, and $5,000
* ror fio.eoo. t For $3,000.
tor the high school, to mature November 1. 1916, were
The $i* 0,000 Court-House bond* mature $10,000 annually, allotted to the Commissioners of the Sinking Fund at par.
beginning December l, 1038, and the $90,000 Registry of For description see C h r o n ic l e September 18, 1897, p. 535.
Fas-salc Trust. A
I Pwtpti*/* B#uIeof
l<~ ...
■. KwrM»
642
T H E
C H R O N IC L E ,
f VOL. L X V .
Ningarn Falls (N. V. ) School District—Bond Sale.—On other hand the “ Banner” on September 24, 1897, in referring
September 24 #24,010 of 4 ,' school bonds were awarded to j to the call of 86,000 of bonds, noted below, says: “ Tbe town
Bertron & S tem , of New York, at 107-93. Following are I will be able to Day §1.500 of these, and Mr. Edward Garrett,
1cashier of the First National Bank, has generously agreed to
the bids:
Bertron & Storrs. New Y ork.....10792 i h\ 13. Johnson. ....... ..... . ...108>*&6l take the remaining $4,500 at 111 interest less than they now
Jos. E, Gavin, Buffalo ...
.....107*77 Parson, hnmh & C>., New Vork.l05*275 pay, and give them the privilege at anytime of taking up any
Street, W | f o 41 Co., New York.. 104*75 1 Wilson & Stephens, New York.. 106*46
portion of them upon call without notice or advertising.”
Western Savings Bank. Buffalo.,. lOa-jo i The Lnrapreoiit Bros. Co*, C lw fr
W .J . Haves & Sons. Clev eland., 100*00 I land......... ............................ .,.,>102*21
Bond C a ll— Call has been made for payment October 1,
Bonds are ia denominatioas of #500 dated October 1, 1897, ; 1897, of $6,000 6$ bonds issued October, 1*87, and numbered
Principal will mature #5,0 )0 annually from 1928 to 1920 and as follows; $500 bonds Nos. 7, 8. 10, 13, 18, 21. 22, 28, 39;.
#100 bonds Nos. 32, 30. 42, 43, 45, 47, 57, 67, 71, 72 73, 74, 75,'
#1,000 in 19*7.
Norristown, Pa,— .Vo New Loan,—Regarding the report 77, 78. Payment will be made at the Treasurer's office.
Pueblo County (P. 0.. Pueblo), Col. -B o n d Cad.—Notice
that the town would negotiate a #7,000 loan, we are advised
by Mr. Simon Pogei. Treasurer, that no such issue ia con has been given by Ward Rice, Treasurer, calling for pay
ment October 15. 1897, bonds Nos. 1 to- 235. inclusive, dated
templated.
North Dakota—Bonds Unsold.—Geo. E. Nichols, State July t, 1885, and amounting to §325,000. Interest on these
Treasurer, writes us that the jSO.OOo 444';; 30-year Soldiers’ bonds will cease on that date.
Fulnam County (P. 0. Uuionville), Mo.— Bond Call.—
Home funding bonds offered by North Dakota on September
25, 1897, were not awarded, as tbe bonds could not be legally The County Court has called for payment November 1,
1897. 5 % refunding bonds Nos. 1 to 8 inclusive, bearing date
issued;,
Odell, 111.—Bonds Authorized.— The citizens have voted to of November 1. 1887. The bonds will be paid at the Third
National Bank of St. Louis.
issue ft!.000 of water-works bonds.
Ransom County (P. 0, Lisbon), N. B.— Bond Election.—
Ogdensburg, N. Y.—Bond Offering. - Proposals will be re
ceived until 3‘p. m October 9, 1897, by W. M. Stephens, City The Board of County Co nmissioners have decided to call an
Treasurer, for #11,750 4'.' coupon water bonds. This is part election to vote on the proposed issue of $20,000 of court
of $15,000 bonds, authorized pursuant to provisions of Chapter house bonds.
747 of the Laws of 1897, for the improvement and extension
Rod;away Beach. N. Y.—Bonds D efeated.— On Sept. 39,
of the water works. Interest will be payable January 1 and 1897, the village voted against the issuance of $40,000 grading
July 1 at the Ogdensburg Bank, Ogdensbnrg, N, Y .; princi and paving bonds and $20,000 sewer bonds.
pal will mature—$3,750 July 1, 1898, and $2,000 annually
Sandusky City, Ohio.— Bond Offering.—Proposals will be
thereafter. Denominations are $1,000 and $750.
received until 12 M., Central standard time, October 20, 1897,
Ortonville, Minn.—Bond Election.— On October 4, 1897, by A. W . Miller, clerk, for.$2 500 of of paving bonds, Secu
the question of issuing $15,000 bonds for the construction of rities are in denominations of $100, dated October 15, 1897,
water works and an electric-light plant will be decided by Principal will mature §300 annually on October 15, from 1899
the voters of this city.
to 1904inclusive; $300 from 1905 to 1907 inclusive, and $400
Oswego, N. V. —Bond Offering.—Proposals will be re in 190S. Proposals will also be received at the same time'
ceived until 12 M. October 15, 1897, by A. H, Failing, Cham and place for $18,0 >0 of 5i refunding bonds. They are in de
berlain, for $15,000 of 8}{fl bonds. Interest will he payable nominations of $500 each, $4,000 of which are dated October
semi-annually in New York City, and the principal will 15, 1897, and mature October 15, 1901: §14,000 will be dated
mature $3,( 00 annually beginning October 1, 1898.
September 1, 1897. and $6,500 will mature 1906 and $7,500 in
Ottawa County (Port Clinton) Ohio.—Bond News.— 1911. Interest on the above loans will be payable semi-annu
County Auditor E. A. Powers writes us that the question of ally at the City Treasurer’s office. Bids for the loans must
dissolving the temporary injunction restraining the county be accompanied by a certified check for $1,000.
from issuing the $100,0;!0 court-house bonds will be decided
Sharon Springs, N. Y.—Bond Sa!e.— The State Comptroller
on October 2, 1897. Further particulars will he found in of New York has taken the $36,010 of 8% % 5-29 year water
C h r o n i c l e of Sept. 18,1897.
and sewer bonds at par.
Otto Township (Duke Centre P. 0 .. Pa.) School District.
Southern Pines, N. C.—Bond Offering.— Proposals will be
On September 1,1897, this district sold $2,200 6# bonds to received until 7 P. H. October 11, 1897, by S. S. Thomas, for
John Ley, Bradford, Pa,, for $3,250.
$20,000 5$ thirty year water and sewerage bonds of this
Ottumwa, Io w a .—Bonds Proposed.— The City Council has borough.
under consideration the issuance of $30,000 refunding bonds
Sturgis, St. Joseph County, M idi.— fig n te P roposed.—A
and §80,000 funding bonds.
meeting will be held to consider the question of holding an
Oxford, Ala.— Pond S a t e - The $10400 6£ water-works election to authorize the issuance of $50,000, or more, bonds
bonds of this town have been sold at par. They will mature as a donation to St, Joseph County for a new court house and
in twenty years from date of issue, optional after ten years. county buildings in Sturgis.
Oxford, N. Y.—Bond Sale.— Following are the bids re
Sweet Grass Count/ (P. 0 . Big Timber) Mont.—Bond
ceived for #26,000 4$ water bonds of this village :
Offering.— Proposals will be received until 12 M., October 25,
Earson, Leach & Co., N, T.
,104*065 I Jos. E. Gavin, Buffalo, N. Y,
,103*660 1897, by John H. Moore, Clerk, Board of County Commis
D. A. Moran & Co*. N. Y ,..
. 104'0?0 Geo. M. Hahn, N. Y ............
.103*550 sioners, for $10,(00 of 6g gold bonds, issued to redeem out
W. J. Hayes & Sons. N. Y.
.10:5-990 1Bertron & Storrs. N. Y ......
.103*600
E. C. Jones Co., N. Y.
,103-890 I Peopie’s Savings Bank. ....
102*520 standing warrants. They will be in denominations of $1,000,
C. H. White & Co., N. Y ...
,103*800 Benwell & Everitt. N. Y ....
.101*550 interest payable semi-annually at the office o f the CountyN. Y. State Comptroller....
,103*680 Tj. W. Morrison, N, Y.......
.301*160
Treasurer, or the First National Bank of New York City.
The securities were awarded to Farson, Leach & Co. In Principal will mature in 20 years from date of issue but sub
terest is payable May 1 and September 1, and principal will ject to call after 15 years.
mature #1,000 annually, beginning September 1, 1901.
Taunton, M ass.-Bond Sale.—on September 28, 1897, the
Philadelphia, Pa.—L oom A uthorized.—The Mayor has $37,000 of 4% school bonds and $7,500 of 4% electric-light
signed the bill recently passed by the City Councils provid bonds were awarded to Jas. W . Longstreet & Go. of Boston
ing for the submission to the people at an election to he held at 107-687. Following are the bids
November 2, 1897, of the question of creating a $12,200,000 Jas. W. Lcmgtreet &Co., Bos.>.. 107*68? Adams & Co.. Boston................. 107-078
Horace S- Homer &Co..Boston.107 353 R. L. Day & Co., Boston............ 107-030
loan for the following purposes ;
EsfcaBrook &Co., Boston.. . ...107*275 E. C. Stanwood & Co., Boston...10,-00
K H. Rollins & Sons, Boston... .107*27 N W, Harris* Co., Boston ......106'837
$*6G.0r0 for improvements o f suburban roads.
Parkinson & Bnrr, Boston
107*183 Harvey risk * Sons. New York.106'50!
m m for Boys’ High and other school buildings.
, Geo. A. Pernald &Oo„ Boston. .107*079 O, B. Wilbar, Boston. ........... 100-51
560.000 for build io k main sewers.
1 Blo^efc, Merritt &Co.. Boston. .107*076 Blake
.... Bros. & Co. Bosi on ..........106'SS
260,006 for building art gallery.
1.000. 010 for improvements to *ras works.
5 Bonds will ina/ure June 1, 1917 For farther particulars
1.000. 000 for library site and building.
j see C h r o n i c l e last week, p. 585.
200,000f o r alm shouse buildin g.
900.000 for abolition o f grade crossings.
Bonds Re-sold.—It is reported that the $83 500 of 4$ sewer
200.000for buildii g and equipment o f museum.
bonds awa.rded to E. H. Rollins & Sons, September 10, 1897,
oo,000 Tor extension, improvement and nitration of water supply,
100.000 for extension of Fairmount Park.
were refused on aceount of a technicality in the papers,
1.000. 000 for repaving streets, etc.
and that the bonds have now been re-sold at a private sale
800*000 for building bridges.
50,000 for improvement to public parks,
after
correcting the imperfection.
3t 0,000 for fire and police stations.
400.000 for grading and repairing streets.
Terre Haute, Ind.—Bonds Proposed.—An ox-dinance has1.000. 000 for repaving pavements.
been introduced into Council providing for the issuance of
Pontchartraiii (La.) Levee District.—B'ond'ZSole.—-The $70,000 sewer bonds.
“ Boston News. Bureau” reports the sale of $15,000 of K
Tippecanoe City (Village), Miami County, Ohio.-D ond
bonds to T. M. Wetherel aud $4,000 to J. W . Hearn, both of Sale.— Qn September 27, 1897, the $i,060 of 6;£ electric-light
New Orleans, at par, Bonds are part of an issue of $50,000 ????!! ,wer? .a,7 ar,?edt0 a?as<mgood & Mayer, Cincinnati, at
113-694. Following are the premiums bid and mature in 50 years from date of issue,
einol™atl-|Sl:S!( I£has. M. Tta.ra.met. Cmcimiati..216-00
Pottsville, Pa .—Bonds W ithdrawn.— K. C. Wilson, r-Chai
man of the Finance Committee of the Town Council, writes
J a i t t ! i
<*»••oiey’d- ^ .
us that tbe Council has rescinded its action as to the erection
Bonds will mature March 1, 1912. F ,r further particulars of a new station house, and therefore has not issued the con
see C h r o n i c l e September 18, 1897, p. 538
*
templated $2,500 4% improvement Ibonds, Three local bids
Upton, Mnji&.— Temporary Loan.—On Ssptember 15, 1897,
were received on September 0, 1897, when the bonds were
the town of Upton placed, a six-months loan of $7,000 with
offered for sale.
Winslow & Allen, at 3-90^ discount.
Princeton. Ky.—Bond News.—A report has been pub
W aila W alla Countr(Wash.) School District No. 14.—
lished to the effect that this city had sold $4,500 5 % refundingbonds to the First National Bank of Princeton. W e are in Bonds Unsold.—The $700 5 to 10-year (optional) bonds
formed by R. D. G-arrett that the statement is “ absolutely offered by this district on September 20, 1897, were not sold.,
Yr overly (Iowa) Independent School District.—Bond
false” ; that ten years ago the city issued $30,000 6 s railroadaid bonds, and that on October 1,1897, the last of these bonds Sale.—On September 22, 1897, the §16,0( 0 of 4}4% schoolwill be paid off, leaving the town free from debt. On the nouse bonds were awarded to Farson, Leach & Co of Chi
cago at 100-412. Following are the bids:
'
THE CHRONICLE.
OCTOBEH 2 1SW7.I
F&rsoo. Leach k Co., ObicazO,.
} Dietz. Denison & Prior. Cleve.. .$15,850
First Sat. BtfiUflf Portase.Wis- M3„«5#_u m is''a, Bewis & c<>. C-tlease.... i f*,R50
First Halt n il Bunk-T Chicago.
i N. W. Harris \ Co., Chicago .. 1?‘705
....... 15,0*0
Okerokm State Batik
— -. - - I&.'*■!«m S. A. Kean. Clucago.
W. J. Hayes & Sob 6.. Clevelan4. I3i,S; ' :
Bonds will mature October 1T1907, subject to call at any
time.
West Chicago. III.—Bond S k . -O a September 28. '897,
the $390.* i ii of 5 Union Park bonds were awarded to 1ST. W .
Harris & Co . Chicago, at 105-1928.
Following are the bids:
B13
S T A T E AND C IT Y D E B T CHANGES.
We subjoin reports as to municipal debts received since
-he last publication of our S t a t e a n d Gray S u p p l e m e n t .
Some of these reports are wholly new and others cover items
o t information additional to those given in tue S u p p l e m e n t
and of interest to investors.
Milwaukee,— W. G, Riuschenberger, Mayor. The state
ment below has been corrected to September 15, 1897, by
N. W. Harris i C.>„ Chicago.......315-377 , The Dampreeat Bros, Co.. Ole .311*057 means of an official report to the C h r o n i c l e from City
Faraon, Leash k Co. Chteas*. 311*010 |Seasott5i>. ,ii k Mayer. Distant .. .80**400
. . . . . . ..SORTS©
Kudoi.ih Kiey&olte ± ■o., Cm... 3H-315 J. H. -smith. ...
'The Illinois Trust k Sar. Bk . >311-370 CnleagO National Bank . . ..— 3U6 0U0 Comptroller W . J. Fiebrantz,
K. H. Boltins A Sons. B j*ton.. This citv is the county seat of Milwaukee County.
Principal will mature July 1. 1917, subject to call after
LOANSIt’/i.-ii D ie ,
LO A N S—
Tf7i.cn Due
B ern B o s iis —’SS-’ 93—
Fie siir-i.i T onnt.i .—
July 1, 1902 For farther ptrticulirs see C hrokicls last
5s. JA J, #16.000........ July l , 1913 os. JAJ, $ 1 2 0 ,0 0 0 ....July 1, 1917
week, p. 585.
(81,000 called yearly.)
($«.000 called yearly.)
Westfield, .Mass.—L o w Authorized.—The Town Treasurer
has been authorized to borrow $ 23,U0U to build a new school
bouse.
Wheeling. IV. Va. - Bond Call —Notice has been given that
electric-light bond* of Wheeling, numbers 17. 78. 46. 56, 54,
27. 38, 69, 8, 61. of §100 each: 115, 108. 200. 119. 122, 199, 178,
198, 116,161. 148. .70ot§500each,and202o f#1.09.)each, would
cease to bear interest on October 1, 1>97, the date sat for
their redemption. Bonds and coupons were to be paid at the
Bank of the Ohio Valley.
Wichita. Kan .-B o n d S ile -T h e State Permanent School
Fnnd recently purchased §14,0 0 of Wichita bonds.
Youngstown, Ohio.—Bond S tle.—On September 27, 1897,
tho 8 i" •->f 5; Thorn Street grading bonds were awarded to
W. M Wallace, a local investor, at 103 - 375. Following are
the bide:
W. M. Wan.ee, YmmrMotra. ».*4l* at The Cm-ibau B.nk.Frem mt. 0 .110? os
Mabooiusi H u . Sink. r»af>»s . e « o > f r»r»* Kat. te a t. ioansstown.., tot 50
Alto* Man-. Busk. Oae&mall..... 40? Sft!
is , JAJ. $14.000....... July l. 1903
(§1,250 called yearly.)
B rid o s B onus—
i s J&J, $25,000........Ju ly 1 , 1902
(§5.000 called yearly.)
is , J&J, $24,000........July 1, 1903
($3,750 called yearly.)
is , JA-J, $30.000........Jan. l , 1910
($2,500 called yearly.)
os, JA-J, $63,000 ....J u ly l, 1011
(< 5.000culled vearly.)
5s, JA-J, $150,1100 ...J u ly 1, 1012
($10,000 called yearly.)
5s, JA-J, $ 1 4 ,0 0 0 ....July 1, 1913
($3,000 called yearly.)
$ 7 1 .2 5 0 ....Jau. 1, 1016
5s, .
($3,750 called yearly.)
City B u t B onus—
G en Eli a i, City B onus , 1371-’S6—
7s, JAJ, .M. ,0
M0 0 ....Jan. 1, 1901
($12,100 called yearly.)
4s, JAJ, $ 6 0 ,0 0 0 .... July 1, 1905
($7,500 called yearly),
is , JA J, $ 6 7 ,0 0 0 .--.J u ly 1, 1906
($7,500 called yearly.)
H o spita l B onds—
5s, JA J, $ 4 0 ,0 0 0 ....July 1, 1913
($2,500 oailed yearly.)
L ib r a r y B onds —
is , JA J, $36,000........Jan. 1, 1910
($3,000 called yearly.)
LmilAity A M i skl'M B onds —
58, JA J, $ 7 0 ,0 0 0 .... July 1. 1911
($5,000 called yearly.)
5s, JA J, $ 1 1 2 ,5 0 0 ....July 1, 1912
($7,500 called yearly.)
is. JA-J, §38,000...... Mar. 1. 1910 5s..........$127.500........ July 1, 1914
($3,000 called yearly.)
($7,500 called yearly.)
58, JA J, #140,000.......July 1, 1011 5s, MAN, $200,000. July I , 1917
($10,000 called \eariv.i
s$lo,000 called yearly.)
JA J. $150,000 ...J u ly 1, 1912 5s, J A J , $ 1 2 0 ,0 0 0 ...July 1, 1917
($10,000 ealt-d ycurly.I
(#6,000 called yearly.)
5s.......... $170,000. — July i , 1914
M il . B iveh ,11am B inds—
($ 10,000 cutlet yearly.) is , JAJ, $30,000........July 1, 1909
5s........ . $370,000 ...J u ly I. 1915
(§2,500 called yearly.)
(#15,000 Called yearly.)
P ark BrtSDs—
The bonds will mature $101 yearly, beginning October 1,
FIRE IJKCARTMKNT BOND*—
4s, JA J, #95.000........July 1. 1910
1899. For farther particular) see CfiROXiei.s September 4, 5s, JA J, $10.000_____July I, 1913
($5,000 culled yearly.)
____________ (82,500 called yearly.)
1897. p. 438.
____ _____________________
m s & o m S ow Y o rk C it y ..............
3 w
105,049®
N. Y
I*
C-«H«*ae r o t mu s . v ...
u
1 4 .0 0 0 Scw iflW B .
X
-----..Zb*
iMHIO I 'j-r m o u l, N. V ............ .
5«
,10 ,000 E » » «
H . I,*....... 4 »
1 0 .0 0 0 fl«
d*
4m ...
f*
ttiO O O Q u t»e y . M n »» . . . . . . . . . . ........ ,-**
10*0 0 II «.:AtarnN n, O h io — ,
I*
1 6 .0 0 0 lfarri«M»« C ounty, O h io
5»
.*>.000 Y « « « g « (® w n T w p ., O h io ... |*
1 0 .0 0 0 **i»d ti«ky. O h io
......
.. 3 »
10.0IHI
« | * l » ..............
3*
1 0 .0 0 0 N npoiroit, O h io
.......... 5*
4 .0 0 0 i*ftr!«i«ioulh, O h io . .. ........ 4 ^ *
S,<100 Fi»inrr»>, O h io.. .... . . . . . . — 4*4«
1 1 .0 0 0 F rtinklln C ounty, Ivy ....
fin
3 0 .0 0 0 O wpii I o a n n , K f ....... ...........0*
7 .0 0 0 K leam fleld, 11*0.-,..,............. 4Hm
*30,000 M erid ian , M i»«
«*
0 ,0 0 0 Rrnfifor*!, Pn
.....................4«
0 .1 0 0
do
d o ..............
is
0 .3 0 0
do
d o .......................... In
In vestm en t
N ew
Y ork
K le y b o lte
60.000 Berlin, N. ti........................4s
T ru ste e s.
4
MKRilKUN OP BOSTON AND NEW ' M l ',
STOCK BJCCBAKUKS.
L .
D A Y
&. C O .,
E. H. C A Y 8b C O . ,
4 0 W a te r S tre e t, B o sto n ,
r I ft M a s s t r e e t . N ew Y o r k ,
1 N %SSA I
$ 2 0 0 ,0 0 0
CITY OF NEWARK, N. J.,
1 0
S T A T E
0
, 0
0
O F
1 K m *m M em i, K bw Y ork.
421 r n m t r m t Street. P h ila d e lp h ia
C ity o f M i l i « , M o . ........... AH*
C o a s ty o f i.n k e , Ind
.,,,...,5 #
C ounty o l M inooula* H o rn
0m
( itok C ounty. III., P a rk ... 3«
M u l e FaOi*. Tflni* fM ch 'o !) 4M«
C h a rlm to n . Ill . ... ... 0 * Ac 4H »
8on »h 8 ld r K l e y m e d .......... . . . ! « •
<t h i* n s r o P i r n t
M A S O N , LEWIS A CO..
S .I K K H * ,
BO STO N t W e n U n i . a B id s .. 3 1 s t a t e S t,
C H IC A G O : 171 b a S a il* S t.
H.
YORK.
PHIL A DKLPHIA .
0
O H IO
W H I T E
G o v e r n m e n t
and
M unicipal
B on d s
B O U G H T AND SOLD.
$ 2 0 ,0 0 0 d o e B ecem ber 1, 1 8 9 9 .
$ 2 0 ,0 0 0 due D ecem ber 1, 1 9 9 0 .
$ 2 0 ,0 0 0 due D ecem b er 1, 1 9 0 1 .
* 2 0 ,0 0 0 due D ecem b er 1, 1 9 0 2 .
# 2 0 .0 0 0 d o e D ecem ber 1, 1 9 0 3 ,
In te re o t p a y a b le J a n e and D ecem b er,
P rice* on a p p lica tion ,
3'85 per cent Reglrteretl School Bonds, c .
And Other Desirable Securities.
Edward C. Jones Co.
S T .. S E W
m m TOK 4
O r » .,
CiMCINNATl, O.
200.000 Dui nth. If inn.. G o ld ........5s
40.000 Salinas City, Cal., G o l d . .. ,5s
100,001) L) nu & Boston HR. 1st
ITlire. Gold..........................6s
CISTS SKNT UPON A P P U C A T 1 0 5
R .
County, N. Y , Gold 4s
100,00ft Nen Britain, f t .................... 4s
00.000 Bristol. Ct.............................. 4,8
B a n k s
4!i'- BONDS.
35 a n d 17 V n w iu S i., S e w Y o r k .
0 1 7 8 ,5 0 0
2 0 .0 0 0
1 8 .0 0 0
8 .5 0 0
0 .0 0 0
3 7 .0 0 0
*300,000
8100.U00
S a v in g s
an d
WE OW N AN D O FFER:
B on d s
FOB
FOU M.%LZ B Y
R u d o lp h
INVESTMENTS.
INVESTMENTS.
INVESTMENTS
&
APPRAISEMENTS MADE OR QUOTATIONS
FURNISHED FOR THE PURCHASE, SALE, OR
EXCHANGE OF ABOVE SECURITIES.
L I S T S ON A P P L IC A T IO N .
N.
W .
H A R R I S
&
C O .,
IS A N K .E R S ,
l NASS VU S T . (tt utk o* C o'iitnorce 8 ld «.)*
C O .,
WHANN& SOHLESIKG-ER,
BANKERS,
3 1 N A SSAU S T ., N E W Y O R K .
M U N I C I P A L
PUBLIC SECURITIES
B O N D S .
SUITABLE FOR
SAVINGS BANK AND T R U S T
FUNDS.
LISTS MAILED ON APPLICATION.
Farson,
Leach
C H IC A G O .
1 0 0 D e a rb o rn at.
&
C o .,
NEW Y O R K .
4 W a ll S t,
4
W i t t , 8T R B K T .
F.dward
1.
RKW
YOBK.
Rosenfeld,
M U N IC IP A L S E C C K IT IB S .
IIla b -G r a d c W a r ra n t* it S p ecia lty
Write or List.
i>
No, 66 Broadway, New fo rk .
the
641
LO A N S—
1FA*u Due.
I-'.u ik Bonus --(C on.)
-is. J&J, $105,000...... July 1. l i ) l l
(+8,000 oallrU yearly-)
‘>8, J& J, $5:*.000....July 1, 11)12
($3,000 ealteil yearly.)
5s, J&J, $80.000___ J u ly !, 1010
($5,ooo called yearly.)
5», S&3, $85,000...... July 1, 1914
($5,000 called yearly.)
5 s........ . $90.000___ I illy 1. 1915
($5,000 called yearly.)
o s ....... . $111,000......July 1. 1916
($6,000 ealled yearly.)
58, J&J, $ 1 0 0 ,0 0 0 ... July 1. 1917
($5,000 ealled yearly.
R efunding B onds —
5s___ $ 9 5 .0 0 0 .....July 1, 1916
($5,000 called yearly.)
School B onds —
as, J&J, $ 7 5 ,0 0 0 ,...July 1, 1912
($5,000 ealled yearly.)
5s, J&J, $ 200.000,.. July 1, 1913
($12,500 due yearly.)
S s.J& J , $29.750--- July 1, 1914
($1,750 called yearly.)
5s........ . $00,000 — Jau. 1, 1915
($5,000 called yearly.)
5 s , . . . . , 1 3 5 ,0 0 0 .... July 1, 1015
($7,500 called yearly.)
5s____ _ $209,000.... July 1, 1916
($11,000 called yearly.)
•is, J&J, $ 1 1 0 ,0 0 0 ....July 1, 1907
($10,000 called yearly.)
As, J&J, $ 1 5 0 ,0 0 0 ..,. July 1, 1909
($12,500 called yearly.)
-is............$140,000... July 1. 1911
($ 10,000 called yearly.)
Sb w e b B onds —
5 k, J& J, $24.000___Ju ly 1, 1913
($1,500 called yearly.)
ys,J & J , $ 4 2 ,5 0 0 ....July 1, 1914
($2,500 called yearly.)
5s.......... $18,000— July 1, 1915
($10,000 called Yearly.)
5s......... $38,000___ July 1, 1916
($2,000 called yearly.)
c h r o n ic l e ,
[VOL. LXS
.
m eat shows M ilwaukee's total m unicipal debt, the sinking fund held b y
LOAN Sn c '1 Due the city against the same, and the water debt, on the dates n am ed :
S ew kk B onds (Cob.)
os, Ja .I. $ 1 0 0 .0 0 0 ....July 1, 1917
Sept. 1 5 ,’97. Jan. 1 ,’97. Jan. 1, *95. Jan, 1 , ’ 93
($5,000 called yearly.)
S ew kk B onds —(IsTKitoKwriNO.) Total bonded d e b t ...*$6,588,000 $6,352,250 $5,153,750 $4,854,500
4 s. J&J, $ 3 3 .0 0 0 .. .. July 1, 1907 Sinking fu n d s........ ........................
484,259
367,750
324,10©($3,000 ealled yearly.)
St r e e t B onds —
5 b,J & J , $ 8 8 ,0 0 0 ... July, 1,1913
.Not debt..................................... $5,868,000 $4,786,000 $4,530,400
($5,500 called yearly.)
5 s , ....... $90,000......Inly 1, 1915
Water debt (included).$1,474,500 $1,054,250 $1,643,000 $1,822,000
($5,000 called yearly.)
5 s , ....... $152,000___ J u ly l, 1916
(+8.000 called yearly.)
Total debt does n ot include $140,000 o f school bonds and $120,000
5a, J& J, 880,000 . July 1, 1917
($4,000 called yearly.) o l garbage disposal bonds authorized but not y et issued:
V iadu ct B onds—
In the above statement the water debt is included in the total bon ded
5s, J&J, $ 35,000 . ..,July 1. 1912
($2,500 called yearly.) debt and in the net debt, as well as being given separately below.
5s, J&J, $ 1 1 2 .5 0 0 ....July 1. 1912
The sinking fu n d receives yearly a sum equal to 5 p er cent, of the
($7,500called yearly.)
5S, . . . . . $8-5,000....July 1, 1914 original Issue o f bonds, and It is required by law that this amount of
($5,000 called yearly.)
W ate r Bonds—
the debt shall be annually retired
7s, J&J, $-116,000....Jau. 1, 1902
($80,000 ealled yearly.)
C IT Y P R O P E R T Y .—The city owns its water w orks, and receives
os, J& J, $100,000.. July, 1, 1913
($6,250 due yearly.) from water rates a larger sum yearly than the total interest charges on
as, J&J, $ 3 7 .5 0 0 ..- J u l y l , 1912
($2,500 called yearly.) its debt. The total valuation of corporate property on January 1,
as, . . . . . $ 8 5 ,0 0 0 ....J u l y l , 1914
($5,000 called yearly.) 1897, was $19,673,405.
5 s , . . . . , $95,000
J u l y l , 1916
ASSESSED V A L U A T IO N .—The city ’s assessed valuation (about
($5,000 ca lk d yearly.)
4s, J&J, $ 4 6 ,0 0 0 .... July 1, 1903
one-half
cash value) and ta x rate have been as follow s in the years
($7,500 called yearly.)
4s, J&J, $ 1 1 2 .0 0 0 ....Jan. 1, 1906 n a m ed :
($12,600 called yearly.)
Personal
To’l Assessed l a x Bale
4s, J&J, $ 1 2 5 ,0 0 0 ... Jan, 1, 1907
($12,500 called yearly.) Years.
Real Estate.
Properly.
Valuation. ]>'r$ 1,000
4s, J&J, $ 3 0 0 ,0 0 0 ....Jan. 1, 1910
($25,000 called yearly.) 1897..................
$121,156,090 $23,527,326 144,683,425
......
4s, J&J, $60,000........Jau. 1, 1910 18 96.......................... 119,441,715
24,329,904
143,771,619 $236&
($5,000 called yearly.)
24,365,973
142,550,013
20-45
4s, J&J, $45,000........July 1, 1903 1 8 9 5 - ....................... 118,184,040
19,875,165
113,675,120
21'59
($7,500 called yearly.) 1891.......................... 93,799,055
4s, J&J, $53,000........July 1, 1904 1890................................................
............
105,484,055
21-50
($7,500 called yearly.)
1880.......................... 41,646.373
14,229,596
55,875,969
......
PAR V A LU E O F B O N D S.—TkeBonds are m ostly fo r $1,000 each.
P O P U L A T IO N .—In 1890 population was 204,468; in 1880 it w a s
IN T E R E S T Is payable in Slew Y ork and Milwaukee.
115,702; in 1870 it was 71,440; in 1895 it was 249,270; in 1897 (esti
TOTAL
mated), 275,000.
D E B T , SINKING FU N DS. E t c .- T h e subjoined state-
I N V E S T M E N T S .
A D A M S
&
C O M P A N Y ,
BANKERS
DEALERS IN
INVESTMENT BONDS,
Members of Boston Stock Exchange.
|
B A N K S .
I N V E S T M E N T S .
Investm ent
B on d s.
Colum bus, O h io .................................. ....... 4 s
In d ia n a p o lis, la d
..............4 s
P ortlan d , M a in e ..................... . . . . . . . . — 4 s
M id d lesex County, M a s s ........... ........4 s
P ortla n d & R u itilord F a lls K i t . G o ld ....4*
B oston R e v e re B each &> L ynn 1st M . G 4 ^ s
PRICES ON APPLICATION.
E. H. ROLLINS & SONS,
No. 7 Congress and 31 State Streets,
HI M ilk S treet, B oston , M ass.
BOSTON,
SAFE INVESTMENTS.
SRN’ D F O B A, 1 S T
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 !,,
SUB-PLUS,
.
.
.
.
.
.
S I , 0 0 0 ,0 0 9
$ 2 3 0 ,0 0 ®
Transacts a General Banking and Foreign Exchange
. Business. Collections receive Special Attention.
OFFICERS:
F. G. Bigelow , Pres’t.
F. J. Kip p , Cashier.
Wm. B igelow Y.-Pres’t. T. B. Cam p , Ass’t Cashier,,
F. B. KRUEGSR, 2d Ass’t Cashier.
San Francisco.
The First National Bank
O F SAM F R A M C ISC O , CAL,.
NEW VORK,
City and
B onds.
NEW JERSEY,
UNITED STATES DEPOSITARY.
C apital, $ 1 ,3 0 0 ,0 0 0 I S u r p lu s, $ 9 3 0 ,0 0 0
D I E T Z , D E N IS O N & P R IO R ,
3. G. Mu r p h y , President, J a s . K. L y n c h , Oa»fimr
J-iitlg McitiriTT, Y.-Pre«., J .K .M o f m t t , A «t. Oa,h
General Banking BuiineM. A ccou n t, Solicited.
C O N N E C T IC U T ,
SAVINGS BANK AND TRUSTEES
In v estm e n ts a Specialty
C ou n ty
3 5 C ON GRESS S T R E E T , - B O ST O N ,
l o w S u p e rio r S treet, C lev ela n d O.
BONDS
and IN V E S T M E N T
SEC URITIES.
F E A R O N
W I L S O N
&
S T E P H E N S ,
41 Wall Street New York.
W. ]. Hayes & Sons,
BAN KERS,
&
Bankers and
C O . ,
Brokers,
1 0 4 SO U TH F I F T H S T R E E T ,
_________ PHILADELPHIA.__________
M U N IC IP A L BONDS.
E. C. STANW OOD & C O .
DEALERS IN MUNICIPAL BONDS,
BARK ERS,
Street Railway Bonds, and other high-grade in
vestments.
BOSTON, MASS.,
C lev ela n d , O hio,
7 Exchange Place. 3 1 1 -3 1 3 S u p e r io r St*
121 Devonshire Street,
BOSTON.
_________ Cable A dAre**. >■K E .V.V E T H . ’ '
winery TTPftM A P P 1 .T f1ATTOW .
Fred. H, Smith,
Blodget, Merritt & Co., No. 8 B R O A D S T R E E T N E W Y O R K .
BANKERS.
15 Congress Street, Boston.
STATE. CITY & RAILROAD BONDS.
C H R O N IC L E V O L U M E S
1 8 7 4 - 1 8 8 7 - 2 8 V O L U M E S.
Bound in full morocco. Offer wanted for the set
Address
WILLIAM B, DANA COMPANY.
Pine Street, New York
STOCKS AND BONDS.
XAMOIN ACCOUNTS SOLICITS D
INTEREST ALLOWED ON BALANCES.
Market Letter on Application. Correspondene
Invited. Established 1898
All classes of Unlisted Securities ana Trattioc
StockB Bought and Sold
F O ii
SALE.
C H B O N I C lF " V O U M I N .
WILLIAM B. DANA COMPANY, 78% Pine S t, N.Y
Canal Bank,
N EW ORLEANS, LA.
(Successor of N. O. Canal & Banking Co.)
C A P I T A L , $ 1 ,0 0 0 ,0 0 0 .
J. C. MORRIS, President. EDWARD TOBY, Vice
Pres. EDGAR NOTT, Cashier
Correspondents—National City Bank, Nationa
Bank of Commerce, New York; Boat-men’s Bank
bt Louis; N. W. National Bank, Chicago? Merunants’ Is'ationa-1 Bank Boston
SECURE BANK V A U LTS
GENUINE
WELDED CHROME STEEL AND IRON
Round and Flat Bar* and 5-plv Plates and Angles
„
FOR SAFES, VAULTS. &C.
Cannot he Sawed, Cut or Drilled, and positively
Burglar Proof.
C H R O M E S T E E Ii W O R K S ,
Kent Ave., Keap & Hooper Sts.
Sole Manners in the U. S.
O O K CYW. N. V
A. Strassburger,
STO CK S & BO M BS B R O K E R SOUTHERN INYESTMENT SECURITIES..
M on tg om er y .
Ala..
@FedFRASER