Full text of Commercial and Financial Chronicle : October 30, 1897, Vol. 65, No. 1688

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

Quotation Supplement (M ont%) Street RailwaySupplement
Investors Supplement (ousted State and City Supplement
[E n tered aeoord in x to A ot or Ooauxess, la tea y ear 1897, b y tea W illiam . B. D a n a Co m p a n y , in the offioe o f tea Librarian o l Congress.)

VOL, 65.

SATURDAY, OCTOBER 80, 1897.

%ht (£ltcollide.
PU BLISH ED

W eek ending tJctober 23.
C U a r in g i a i —

1887.

N ew Tor**... . . . . .
P h ila d e lp h ia .. . .
P it t s b u r g ....... .
B a lt i m o r e ...... ..
B u ffa lo ............ . . .
W a s h in g to n ...*
R o c h e s t e r ......... .
S y r a c u s e .. . . . ----S c r a n t o n ....* .....
W ilm in g to n ,* ....
B in g h a m to n ,. . . .
T o ta l M id dle*.

7di.S88.108
08.368,017

W EEKLY.

Terms o f Subscription—Payable in Advance :

F or One Y ear............................................................................. $10 00
F or 81* M onth*.............. ........................ .................................
0 oo
European Subscription (tneluillng p o sta g e)..... ................ 12 00
European S o b w rip tlo n S ix .Months (taeludlng postage).
7 00
Annual Subscription la L ondon finclinllag p osta g e)..... * 2 10*.
Six Mo»4o.
do.
do.
___X I 10a.
T he B m ts T o m ' SUVrt.KMEST will be furnished without extra charge
to every m ibeertbero t the Co m m k r o u i , a s p F is a s c ia i . Oh k osicu s .
The s r a t R an d C it y m rm isM BXT will also be fa m ish ed without
extra charge to every aub.erilw'r o f the C.*iho > ii: m :.
o s t o n . .. . . . . . . . . .
The Stb e k t R a il w a y 8 (jm.EM ENt trill likew ise be fam ish ed with­ B
P r o r ld e o o e . . . . . .
out extra charge to every subaeribcr o f tee C «M M O LS .
H a r t f o r d .... . . . . . .
The Q uotation S a r r w x i i t r , t e a e d m onthly, w ill also be furnislied N ew H a v e n . ...
without extra charge, to every subscriber o f the Clf ROSUOLB.
a p rin gffe id . . .. .
M l# liwver* holding six m onths' i**ne* o r speclai flio cov ers for s u p ­ W o r c e s t e r ....,,.
P o r t la n d ..........
plement* aro sold as 50 cents e a c h ; postage on t e e sam e 1* 18 cent*.

Term* o f A dvertising—{P e r Inch space).
O ne t i m e . , , . . . .............
$ 3 SO >Three Month*
13 Mines)..$25 00
One Month
(t t lm e a l.. 11 0 0 i Six Months
»2« "
43 00
T w o Monte*
18 *• ) . , 18 0 0 1T w elve M onte* )52 •* ).. 58 00
(The ab ove term s fo r one month and upward are fo r standing cards.)

London Agents:
Moser*. E o w tR o s A SMITH, t Drapers' Darden*. E. G.. w ill take sub
fwrlptloa* and. a lvertiasaiePts, and supply single copies o f the paper
a t 1*. each.
t r a il m
It. D A S A C O U P A S Y , P a b l L U e r a ,
P in e S tre e t, C o r n e r o f P e a r l S tre e t,
P ost o r r t c * B o x 958
NEW t o iiK .

C L E A R IN G HOUSE RETURNS,

IP*#k Ending October SO.
1897.

1800.

r a il H ir e r ....,
L o w e ll. . . . . . . . . .
N ew B e d fo r d T o ta l N ew B o g ..

Per Cent.

9«r<m ASUai, 5 itey*.........
OteoroHIo*. S <i*y*........... .

$322,799,088
150,430.228

*«03,81O.«99
135,0*1,337

+ 17-3
K ansas C i t y . . . . . . .
+3I-8 M in n e a p o lis ..,. . . .
+ 100 O m a h a ...,. . . . . . . .
.,. . . . . . . . . .
T0*1 8Dt.e nPvaeur l........
............
+ 2 3 * D a v e n p o rt......... .
+39-7
-13-9 S io u x C ity ........... . .
L i n c o l n ., . .. . . . . . .
+ 18-3 W ic h it a ............. . . . .
+33-7

Total all cltlM, S .lay* ...
All oltio*, 1 day................... .

$978,215,914
189.48.1.781

$821,251,936
175,018,550

+ 19-1
+ 14*0

$1,177,899,675

*990.287,*80

+18-2

T h e fu ll d e t a ils o f c l e a r i n g s f o r t h e

w e e k c o v e re d b y th e

above statement will be given next Saturday. We cannot
of oourse, furnish them to-day, bank clearings being made
up by the various clearing houses at noon on Saturday, and
hence in the above the last twenty-four hours o f the week
ha ve to be in all cases estimated, as we go to press Friday night.
We present below our usual detailed figures for the pre­
vious week, covering the returns for the period ending with
Saturday noon, October 33, and the results for the corres­
ponding week in 1866,1885 and 1894 are also given. Con­
trasted with the preceding week, there is a decrease in the ag­
gregate exchangee o f about forty-two and a quarter million
dollars, but at New York alone the loss is thirty-five millions.
In comparison with the week o f 1898 the total for the whole
country shows an increase of 28-5 per cent. Compared with
the week of 1895 the current returns record a gain of 13*2
per cent, and the excess over 1891 is 10'S per cent. Outside
o f New York the excess over 1896 is 15*5 per cent. The
increase over 1895 reaches 5'5 per cent, and making com­
parison with 1894 the gain is seen to be 22 3 per cent.

17.488.824
4,817.00*
LO-S.TIS
L*80.118
l.f-Sti.OOr
902,m.

1*.173,033

+17 £

+18 7
+ 80

+151
+300
+27'V
* ut i

ijoSjm

1,436.7*8
wwl.223

+110 4

-1 4

767.A85

+17*0

125.aS7.38l

+110

+18 l

+47 0

+340

+2V0
41!

+44 4
+20 9
+35 i

+33 3

§?
+ 11*2

J
128,312,012

+461

13,614,066
1,611.342

+1
+1

840,- 72

+4

1,971.7*4
7S3.009
642.000

+

+1
+7

6m, 4*6 +2
145,441 +13
00,258 __+
20.006,466

14,638,4
3.939 C
6.473,227
2,058.038

4K8846
JJfd.MU
9m mt
634,701

M

470 049
79 1i0
76.104
41,445.670
80 192,783
8.523.474
0,334,1771
4,450+00
3,2OO.Ot0
3,962,1*40;
2.226 704
2.hfl9 435
1,002 347;

21,040.397

!

•

3.501100
3.700,075
3.357.71M
l.97<».643
2,004816

l.fisfi.sao
928.032

1,225 43i
1.078,819
021,732

Norfolk..,
Want
ftco. ......

F o rt W o r t h ...........
A u g u s t a ..,...* .. ..
B ir m in g h a m .,..,.,

l.!i60.872
479,401
350,471

K

Knoxville......... ....

L ittle R o c k ... . . . . . ,
J a c k s o n v ille ..,,
C h a t t a n o o g a ........

____ 330,890
583,140,030

~+l27 •

8.738,500
2,3+8,943

F r e m o n t ... . . . . . . ...
H a s tin g s .. . . . . . . . . .
T o t. oth e r W est

8 t. L o u is ... . . . . . . , ,
N ew O rlean s..........
L o u is v ille ,.. . . . . . . .
G a lv e s to n ........ . . . .
H o u s to n ............ . . . .
S a v a n n a h ...,
R ic h m o n d ,... . . . . . .
M e m p h is ...............
A tla n ta ............. . . . . .
D a lla s .t,...................
N a s h v ille ,. . . . . . . .

m
sm
1,452,110
017,573

-hTiwxvy

San F r a n c is c o .. . . .
S alt L ake C i t y .....
P o r t la n d ... . . . . . . . .
Los A n g e le s ..........
T a c o m a ................ . .
S eattle
Spokane
F a r g o ....
S io u x fa ll*
T o ta l P a c if ic ....

9577,994,870
68,807,992
*8,087,010
10,882,200
89,018,773
i8.*63tt80
7,883,550

1894.
*88,701.915
85.370,109

:::;" :;::

$680,748,902
81.090,809
53,442,430
I1.A90.09*
85,934,962
33,130,871
8.981,570

1895.

1<5,14*.05*3

Springfield, O hio..
c a n t o n ....... . . . . . . .
Y ou n gstow n *------ T o t . M id. W e st’ r

H«ir Y ork..................... ........
Boston — .................. .........
Philadelphia.
. . . . . . ».....
BAlllmors..............................
Chlc**o ...... ..................... ..
Bt Loni* ...... ........... .........
!<«ty OrleoB*. ........... .

Total all elites for we«k

»S9d.

C h ica g o ,....... .
C in c in n a t i......
D e tro it. . . . . . . .
C le v e la n d .. . . . .
M ilw au k ee.......
C o lu m b u s . . . . .
In dian ap olis ..
P e o r ia ..
T o le d o G rand R a p id s..
D a y to n ........ . . . . . . .
L e x i n g t o n .. . . . . . . .
SaiH oaw*...,.**.**«.
K ftia m a s o o .,.. . . . .
A k r o n ... . . . . . . . . . . .

12 ®

The follow ing table, mail® up by telegraph, etc., Indicates
that the total bank clearings o f all the clearing houses
of the United States for the week ending to-day, Oct. 30,
have been $1,177,<539,875, against 11,288,405,877 last week and
$90*1,267,480 the corresponding week o f last year.
CiA*Aaiwoi.
Return* by l»I*;r,ip.1.

NO. 1,688

+ 16 0

92,877,337
7.018,200
2.313.628
1.702 824
1,488 931
3,484 074
1.330.783
870,003

70,720 239
6,837.800
1,770,335
1.315,156
1.213,170
1 120.117
1*207.389
880,760

_S8S1S _

_ K

110.978,153

95,349,733

92,542.81
12.051,450
0.H0.688
8 481.0 *
5*704.068

34,083,308
12,1*29,30(4
5,017.002
6,101 027
i M 8 $38

4,131 600

tf&
JSS
1,959,639

2.28,570
1.107 002
1.280.4U

753,83ft

747
387.570
240.578

m /r i

2t)S 064
137 278
157,800

M

2 ?2

SSM

323,544
S63J48

157,886

134,091,633

120,948,890

13,011 990
1.2W1,M0O
1.182,926
1.087+34
607 831
402 022
424,628

11,503,387
1.070.882
1,840.613
783.724
680,548
016,06*
273 ;i78
331 829
71,270
10,871,580

100.210

96.418
18.918.259 ’

11J72 080

10.701,310
4,283.0a3
4.816.791
2*085 824
1,205,102

GO
i u i.m
660114

nim

4.700.710
4.089.883
2,912.480
1.337.070
1.190.886

047,448

417 801
356,200
41'J 13!
61,757
73,027
39,574.770

463 166
340,036
457.059
67,283
70.170
34.914.142

22 735 972
17.330,4*8
5.5 '.9,051
4.031,737

3.0J3 6H2

21,250,166
9 519,152
5 307,115
4,023,230
3,9 10,000
8.579.710
2.170,603
2,208 649
1,842,117

930,835
1,091,136
01-.646
788 738
1,314, 90

826,110
1,009.406
1, 10+000
942,573
860,774
442,083

3,451.423
2.L03 124
2,240.279
3,507.974

510,045
409,0*2

238.598

239,00'

1,8*4 482

1,025.8*8

841,402
224,647
‘“ 69,218*151

-6p70T02?
70. m . 323 0O.332.0C3
+ 2 6 5 1,138 006,921 914,944,120
Total a l l . . , L288t40S,S77 1,018.709.653
" + I 5 7fc 499.381.912 7X8,242.211
Outside N. Y ork , m , 807.760 453,442,31
12 900.643
12,405.170
11.090.903
M ontreal.....
6,320,069
0.385 61*1
6.240.i-58
Toronto. . . . . . . . . . a.
l,lrti.040
1,333 H8
1.112,042
Total Southern.,

H all fa i . ......... . . . . .

+8255

Wlnnlpes ..............

H a m ilto n * .. . . . . . . . .

St.Trihp,.

T o ta l C anada..

• Not included in totals,

3,477,891

630,276
031,^75
045.0*3
653 097
~2L687,911
1011.9+5
* Publication discontinued for the present.

l'HE < HRUNit L L.

793

T H E

F IN A N C IA L

S IT U A T IO N .

Nearly all the surroundings have contributed to
keep business affairs this week in a dull state. The
city election has been an approaching event of absorb­
ing interest, and that necessarily has served to s
e
extent as a check to enterprise ; the death yesterday
morning of Henry George, one of the candidates, was
a new source of confusion. No doubt a greater cause
for inactivity than that is the prospect the meeting
of Congress presents to the public imagination,
schooled as it has been by experience to believe that
the event inevitably opens a Pandora box full of evils,
each a disturbing influence to industrial interests.
Ill-judged action by our legislators in so many direc­
tions is such an easy possibility that one fears for
our international relations, for our railroad interests
and for our currency and finances. Yet, when we
analyze these forebodings we easily find special reasons
why there is less real cause for them to-day than there
has been on many a past similar occasion.
The movement of the Government made to defer
the Union Pacific Railroad foreclosure sale and the
new arrangement entered into with the reorganization
committee, the most important event of the week, like­
wise had in it an element tending to unsettle business
affairs, though the fact that the sale was not deferred
was a favorable feature. We have discussed the mat­
ter fully in a subsequent article and do not need to
enlarge upon it here.
Very serious results were
for the moment threatened.
To prevent these
and greater
mischief, the committee used its
power and the reserve of securities it held to
enable it to make a promise to the Government
of a large additional sum of money and so to
arrest the Government proceedings.
The result
is the security holders suffer, the stability of the
reorganized
company
is
lessened,
and
the
United States Treasury alone is benefited.
But
the most serious question this transaction has raised
is, has not the confidence of the many in the good
faith of the Government been thereby disturbed ?
Whether a written contract existed or not is imma­
terial. An inference was permitted to prevail that en­
couraged and authorized acts and contracts relying
upon its fulfilment ; in this way a permitted inference
oftengets to bealmost more binding than words. Gold
is not mentioned in the Government bond, but our
people have always held that constructively, because
of an implied promise, ‘ •'coin” must be read as if gold
were expressed.
On Saturday a week ago the transactions at the
conferences with the American Silver Commissioners
held at the British Foreign Office were in substance
made public here, having been published in full in
London Friday afternoon. There were two meetings,
one on July 12th and the other on the 15th; Baron
do Coureel', the French ambassador, was not present
.at the first but was at the second. SoJfaFjas we can
discover nothing was agreed to, or even said, that
afforded the
least encouragement ^ to the idea
that England or France was ready to open its
mints to free silver. Possibly the Frencli case will
he stated more fully hereafter, and when made may
modify the conclusion as to that country; but on this
occasion the French Ambassador is reported as saying
that '-France was ready to reopen her mints to the
coinage of silver if the commercial nations adopted the

I Voi. i X V ,

same course. ” There is nothing new in that statement.
It represents the attitude of France at each Interna­
tional Silver Monetary Convention heretofore held. The
British Government made no concessions. Only one
definite statement in its behalf appears in the proceed­
ings. Sir Michael Ilicks-Beach said that whatever
views he and his colleagues might separately hold
regarding bimetallism they were united on the point
that Great Britain would not agree to open the English
mints to the coinage of silver. That refusal and the
refusal of the India Government to open its mints
leaves the Bank of England episode as affording the
only ray of hope our Commissioners were permitted
to enjoy ; even that lasted but for a very brief time,
for after London had expressed its opposition no more
was heard of it. In the face of this situation the
cable said Thursday that Senator Wolcott had gone to
Paris with the expectation of getting terms from
France that Great Britain would accept. Certainly if
the Senator has any such expectation he can extract
more sunshine out of a cucumber than any one we
ever knew.
Returns of railway earnings still continue the most
encouraging feature in the situation. The returns are
growing more, rather than less favorable, by which we
mean that the gains for current weeks arc now better
distributed and not so largely made up of exception­
ally heavy improvement on two or three large sys­
tems.
The exhibit for the third week of the
month furnishes an excellent illustration of the
truth of this statement.
Thus our preliminary
compilation for
that
week, given
on another
page, comprises 72 roads, and shows a gain of
1908,128 in the aggregate, or 11-63 per cent.
Out of
the whole 72 roads only 10 record losses, and several
of these are roads in the South, where the yellow
fever has proved a serious disturbing factor. Only
two roads contribute gains approximating or exceeding
§100,000. One of these is the Canadian Pacific with
an increase of $135,000, and the other the Missouri
Pacific with an increase of $99,000.
The rest
of the gains
are
much smaller in amount.
But it must not be supposed that these smaller
gains reflect diminutive r a t i o s of improvement.
On the contrary, in many instances the ratio of in­
crease is very heavy. Thus the St. Louis & San F ran­
cisco has added $30,281 to its total of last year, Avhich
is an increase of over 20 per cent; the Wabash has
added $53,860, which also is over 20 per cent, and the
Texas & Pacific has added $37,371, which falls but
little short of the same ratio of improvement. The
Southern roads outside of the fever district are doing
quite well, and even some of those in the quarantined
sections are making a very good showing.
But it is not merely the exhibits of gross re­
ceipts that are proving satisfactory. The compari­
sons as to the net are of an equally favorable
nature. In this case of course the figures do not
come down to so recent a date, being compiled
only monthly. The latest arc for the month of Sep­
tember. Quite a number of returns of leading roads
for that month have been issued this week. Among
these foremost place for favorable results must
be assigned to the statement of the Chicago Burling­
ton & Quiucy. The improvement •in that case is
striking in the extreme, and reflects at once the revi­
val in trade and the large grain movement. In brief
the road has added no less than $1,249,693 to its gross
earnings and $662,929 to its net earnings; and this in

Octobk b 30, 1807.]

THE CHRONICLE

799

a single month. In the gross the ratio of gain is I cotton,, which staple has been moving in libera
amounts to that centre from the Southwest, and the
nearly 40 per cent, in the net 50 per cent.
Xor is this an isolated instance. Many of the other i supply of money in banks embraced within that
grain-carrying roads have enlarged their receipts, gross |centre having been materially reduced, drafts are
and net, in a hardly less noteworthy way. Thus th e , made on balances with correspondents in this cityNorthern Pacific reports an addition of #671,663 to Though the quarantine regulations in the vicinity
its gross and an addition of 8028,055 to its n e t ; the j of New Orleans have been modified so a& to perCanadian Pacific an addition
of 8517,848 to gross imit a better movement of the mails, the demand
and an addition of 8301,563 to net, while the Mil- for money for that centre has not increased, and
waukee it St. Paul has added 8332,717 to its gross about the only important movement of currency
and 8141,779 to its net. In other sections of the jduring the week has been to St. Louis, as above noted,
country the record is equally gratifying.
In the |The city banks which have been buying commereia
Southwest we have the Atchison reporting 8511.007 paper for Chicago institutions report that the marke
gain in gross and *182,301 gain in net, while the is so bare of papier that they have been unable to
St. Louis A* San Francisco has bettered its gross secure a supply even for themselves, and the repre883,591 and its net 845,852. lu the South we have j sentafcive of one of the large down-town banks sayon the one hand the Southern Railway with 8110,008 that never before has he seen the market at this sea­
improvement in gross and 830,783 improvement in son of the year so insufficiently supplied. On Tuesday
net, and on the other hand the Chesapeake A Ohio one of the largest Wall Street banks was creditor a
with 807,969 increase in gross and 824,373 increase the Clearing House 86,100,000. This is understood
in net. In the Middle \V.-e the Wabash is able to have been due to the paying off by the city of Mew
to report 8142,478 gain in gru-s and 861524 York of notes issued in anticipation of the collection
gain
in
net. and this in a month when of taxes, and it is probable that this liquidating o f
the bituminous coal strike wa» still in progress the the city's indebtedness will continue in - the near
Some bankers arc of the opinion that there
greater part of the time. Among the anthracite coal future.
roads, the Heading on the combined operations of the will be more or less activity in money in connection
Railroad and the Coal it Iron Company reports net with the payment by the Union Pacific reorganization
this year of 81,097.005 against only 8002,850 in the committee of the amount due the Government in
same month last year; and the Central of Mew Jersey final settlement of its claim.
has 892,262 increase in gross apd 862,924 increase
Money on call, representing bankers' balances, has
in net.
loaned this week at the Stock Exchange at 18 and at
Finally we have the
turn of the Pennsylvania 2| per cent, with the bulk of the business and the
Kail road for September, The Pennsylvania, as we average about 2 per cent: tHe offerings have been lib­
know, is a representative stem m far as the business eral. Banks and trust companies quote 24 per cent as
interest o f the country are concerned. At the same the minimum. Time contracts on good Stock Exchange
time it is well to remember that the bituminous collateral are quoted at 24 per cent, for sixty days, 3 per
Coal strike still constituted an adverse feature cent for ninety days, 34 per cent for four and 3£@4
during a good part of the month, as the per cent for five to six mouths. Money continues to be
striking miners did not go back to work until about offered on Exchange collateral at 2| per cent for sixty
the loth or 20th. In face of this drawback to ninety days. There is a good inquiry for commer­
the company shows very noteworthy increases in earn­ cial paper with a moderate supply, and rates are 3$@4
ings. On the lines east of Pittsburg and Erie there percent for sixty to ninety day endorsed bills receivable
vn- a gain of 86s3,300 in gross and of 834.0,300 In 46/ 14 per cent for first class und 14(0.5 per cent for
net and on the Western tin s a gain o f 8309,200 hi good four to six months single names.
gross and of #389,700 in net. In other words, on the
The only important feature in the European news
combined system there has been an improvement of this week is the official reply of the Spanish Ministry
#1,192,500 in gross and of 873,5,000 in net. And vet large to this Government through the American Minister,
though these gains are. they do not quite amount to a which was received at Washington on Thursday. The
recovery of wfmt was lust last year in the same month, text of the reply has been withheld from the public.
the report then for the combined system having shown It was reported that it contained an intimation that if
81.286,000 decrease in gross arid 8747,800 decrease in {filibustering expeditions continue to leave the United
net. The following is a comparison fur the Eastern States Spain may feci compelled to insist upon the
right of search of American vessels, but this report is
denied, ami it is claimed that the reply of Spain
L o n m past?q w
i m . I «•*.
1808,
19W .
! 1908.
PlTTSSTHIQ,
**•
is very conciliatory. The London discount mar­
»
f
ket
was quite
firm at 3 per cent until
1
*
Ofowearaiiiffa.... G j m j m l 5J76.S39 5.58MW »,«S8,9S3; 5.3M.S10 8,008.00*
OgrmVf «ypqn— ,
3,371.728 asn.iss 3.4f»,8M S.H0.M 9 1,045,029
44 ednesday, when it was quoted a shade easier at
Hst warn**. . a.149,911 u m j m 2,112.4X1 2,09f.2l7| 1,947,591 2.052,995 2§@3 per cent. There was some expectation that the
/*». 1 to SOI*. SO.
Bank rate would be advanced, but no change was made
a»c.«* #*nan«i.......
\ w m w m in jm js m
iM & m m m jm jm
Os*r»r* e x p m im . n M 7 M 7 m M 9 , ^ 43433,557 29,568,4 71 8®,180,285 38,0/0.184 on Thursday, and the minimum rate remains unal­
j -. n 53
^ W#t m +ralne*
1?«S*U 7‘T 14.173 ffrtrt 1 4.578 59 j
tered at 3 percent. The cable yesterday reported dis­
One incident of the week was an advance in wheat, counts of sixty to Mnety-day bank bills in London 3 per
In this market on Thursday to 81 o n per bushel, cent. The open market rate at Paris is 2 por cent and at
against 81 10] the highest of the year, August 37. Berlin and Frankfort it is 4,} per cent. According to our
|The rise Was due to large exports, drouth and reports special cable from London the Bank of England gained
' the Australian crop.
£72,502 bullion during the week and held £31,928,171
In money a feature of the week has been large j at the close of the week
Our correspondent further
transfers of enrreney amounting to about 81,150,000 advises ns that the gain was due to the import of
to St. Louis. H:rough Hi, Hub-Tre;miry. for handling ! £100,000 from the (Jape, to receipts of £55,000 net

800

THE CHRONICLE.

[V o l . L X V .

from the interior of Great. Britain and to the export The following shows daily posted rates for exchange
of £82,000, of which <£53,000 were to the United States by some of'the leading drawers.
DAIEV l-OSTED SATES FO B FOREIGN EXCHANGE.
and £30,000 to Germany.
The strong tone for exchange which prerailed at the
T a tr a .,
FB I..
M o n ., TU-fiS., TST-FB I..
Oct. 22, Oct. 25. Oct. 86. Oct. 27. Oct. 28. Oct. W .
close of Friday of last week continued on Saturday, when
83
83%
8S%-3
83
R3
83
86
86
88
86K-0
em
the Bank of British North America, Baring, Magoun & Brow n B r o s ,,* ... S igh t.... 86
88
83
83
S3
8
3
*
6 0 days.
|3*
86
86
ee*
86
Co. and the Canadian Bank of Cominorce advanced M a gou n & Co.. . S ig h t -.. 8 6 *
88*
83tt>
8
3*
'
83*6
8
3
*
8
8
*
S3
60 days.
their rates, and there was a good demand for sterling and N o. A m e r ic a .. : S ig h t .... 8 6 *
86%
88*
88*
80*
86i,I
8
3
^
83%
83
83*
83
83M
also for Continental hills. On Monday the tone con­ M o n tr e a l. . . . . . ! S igh t.... 85%
80*
86
88*
B6 *
80*
83* 1
83*
83*
83%
83
83
d ays.
tinued strong, and there was an inquiry for mercantile o f C o m m e rce .. {6' S0igh
80*
86*
85
88*
86*
80*
t....
83
85*
83*
83*
days.
S3*
| »*
remittance in settlement of contracts maturing in Oct­ e lh eim er & Co. S60igh
86*
86%
88*
85%
88*
8 6 Mj
t....
83*
83*
84
83%
83
83*
ober. The higher discount rate in London and cheap
86
86
86^
86
86
! S ig h t....
85*
88*
83^
84
8 | -3 *
83%
8S
{6 0 d ays.
money here was another factor inducing some b u y -;
8
BU
Rfl*
861
,
8
5
^
8646
86
%
>
Sight.
o f Canadaing of long sterling to hold until it ran to sight, j
The market was steady on Friday, with the range fo r
Rates for actual business in sterling were sharply
nominal
rates 4 83@4
for sixty day and 4 86
advanced, compared with the close of Friday of last
to
4
86J
for
sight.
Rates
for
actual business were
week; nominal rates were higher and the market was
4
82£@4
824
for
long,
4
85^@4
854
for short and 4 85f
quite strong at the close. On Tuesday the advanced
rates induced more liberal offerings, particularly of @ 4 86 for cable transfers. Prime.commercial bills were
cotton bills, though they were held at full prices, and 4 81f-@4 82 and documentary 4 S ll@ 4 814The following statement gives the week’s movements
the market was a little easier during the greater part
of.
money to and. from the interior by the ¥. Y. banks..
of the day, but it closed irregular, with long sterling
shghtly lower and short sterling firm.
On the fol­
N et In terio r
R eceived by Shipped b y
W eek E n din g October 29,1897.
1ST, T . B anks: JSf, T . Banks,
M ovement.
lowing day the market was easier, and it so continued
J n r r e n c y . - - .. ........................................... $4,732,000 $ 3 ,474,000 G a in .$ l,2 5 8 ,0 0 0
to the close, and nominal rates and those for actual
323 ,000 G ain,
7 1 ,0 0 0
399,000
business were reduced, the latter one-quarter of a cent
$5,131,000 $3,802,000 G a in .$ l,3 2 9 ,0 0 0
T o t a l g o ld a n d l e g a l te n d e r s —
all around. The tone was steady on Thursday, and
With the Sub-Treasury operations and gold imports
though nominal rates were in some cases lower there
the result is as follows.
was no change in those for actual business. There
O ut o f
N et Change m
I n to
was an importation of §199,329 gold during the week
W eek E n d in g October 29, 1897.
B ink Holdings.
Banks.
B anks.
from South America and Central America and
Banks* in t e r io r m o v e m e n t,a s a b o v e $5,131,000 $ 3 ,802,000 G ain. *1,329.0 >0
Havana. It was announced on Tuesday that £1,375,- S n b -T re a s. o p e r. a n d g o ld im p o rts,. 15,600,000 13,600,000 G ain. 2 ,0 0 0 ,0 0 0
T o ta l g o ld a n d le g a l t e n d e r s ... . . $20 ,731,000 $17,4 0 2 ,0 0 0 lG a in $ 3 ,3 2 9 ,0 0 0
000 gold had been shipped on the previous day from
The following table indicates the amount of bullion
Australia for San Francisco. The report to-day that
the Bank of England has recently sold §2,500,000 of in the principal European hanks this week and at the
New York City 3 per cent, gold bonds is partially con­ corresponding date last year.
firmed. One of the leading foreign bankers says that
October 29, 1898.
October 28,1897.
the bonds were bought about three years ago, and they
Bank of
Silver.
Total.
Silver.
Total.
Gold.
Gold.
were sold in this market about ten days ago, and the
£
£
£
£
£
£
30,182,07$
8 1 ,9 2 8 ,m 36.133,073
E n g la n d ...... 31,928,171
proceeds were then remitted.
78.382,764 48,261,044 126,644,408 77,548,014 49.223,753 126,771.707
F r a n ce ....
The range for nominal rates on Monday was from G e rm a n y .. .. . 26.512.000 13.658.000 40.170.000 27.868.000 14.209.000 42.077.000
A u st.-H u n g’ y 37.970.000 12.414.000 50.384.000 30.453.000 12.662.000 43,115.0004 83 to 4 834 for sixty day, and from 4 85| to 4 86J for Spain. . . . . . . . 9.228.000 10.520.000 19.748.000 8.528.000 9.940.000 18.468.000
sight. Rates for actual business were one-half a cent N e th e rla n d s . 2.630.000 6,702.000 9.332.000 2.636.000 6.743.000 9.379.000
8.999.000
2.606.000 1.333.000
higher for long compared with the close of Friday of N at,B elgiu m . 2,753,333 1,376,607 4.130.000
T ot.th is w eek 189,404,268 92,932,311 282,830,579 185,881,087 94,110,753 279,991,840;
last week at 4 82f@ 4 83, while short sterling and T o t, p re v .w ’ is 188.417,1*8 92.379,817 280,790.985 1*6.113,84' 94,370,100 280,483.947
cable transfers were three-quarters of a cent higher, at
4 85^@4 85f- for the former and 4 86@4 86J for the
latter. On Tuesday the market was irregular at the UNI ON P A C IF IC F O R E C L O SU R E A N D T H E
O O V E R N M E N T D E B T.
close. The range for nominal rates was from 4 83^ to
4 84 for sixty days and from 4 86 to 4 86| for sight.
The announcement that there is to be no postpone­
Rates, for actual business for long sterling were re­ ment of the sale of the Union Pacific main line, fixed for
duced one-quarter of a cent, to 4 82^@4 82f, while Monday and Tuesday next, thus dispelling the doubts
those for short sterling and cable transfers were un­ that had begun to arise as to whether the proposed re­
changed. On Wednesday the market was easier, organization of this important property could be car­
Brown Bros, and hazard Freres reduced both sixty- ried out, has been one of the strikingly favorable
day and sight half a cent, the Bank of Montreal ad­ events of the week. We say strikingly favorable be­
vanced the sight rate, and the Mereliants’ Bank of cause the failure of the reorganization project at this
(Janada reduced the sixty-day rate half a cent. This stage of the proceeding would have involved most mo­
made the range for nominal rates from 4 83 to 4 83-§- for mentous consequences—how momentous those not
sixty day and from 4 86 to 4 86J- for sight. Rates for conversant with the facts can scarcely appreciate. At
actual business were reduced one-quarter of a cent all the same time we are free to confess that the methods
around to 4 82£@4 82j for long, 4 8oi@ 4 85| for by which this result has been brought about are not
short and 4 85f@ 4 86 for cable transfers. The market altogether to our liking, and it seems to us . that the
was steady at the decline on Thursday and Baring, additional sacrifices the security holders of this illMagouu & Co. reduced their rates half a cent, but fated property are called on to hear are not in con­
this made no change in the range. Rates for actual sonance with the ordinarily accepted rules of equity
business were unaltered, though during the day cable and fair dealing.
transfers were sold at a slight concession. No.change
To understand the present week’ s developments,
was made yesterday in either actual or posted figures. and their significance and importance, it is necessary

October 30, WOT. I

THE
of

C H R O ^ I c LE.
the_i%

801

to go back a little way and refer to som^ ___
came forward with its proposition of a cash settlement.
antecedent events and circumstances whilQ rtiave The result was an agreement by which the committee
led up to these developments. For more than bound itself to put in a minimum bid of $45,754,000
a score of years the subject of the indebtedness for the Government’s claim against the property, it
of the Pacific Railroads to the United States has being at the same time provided that at the sale other
been the theme of discussion in Congress and i parties might come in (if any there should be) and
the public prints. The fear developed very early bid for the property against the committee. As stated
that unless special provision were made for the last week, this seemed at once a very clever arrange­
payment of the debt it could not be met at maturity. ment and one unusually advantageous to the Govern­
It was this fear that led to the passage of the Thur­ ment. Up to that time there were doubts as to
man Act in 1878, nineteen years ago.
Within a whether the United States could count upon getting
very brief time, however, it became apparent back even the original principal of the subsidy loan to
that this Act was inadequate to
the require­ the road. This arrangement provided enough to pay
ments; and as the accumulations of
unpaid not only the principal sum, amounting to 33£ million
interest assumed steadily rising proportions, anxiety dollars, but left 131 million dollars to be applied in
regarding the matter became more and more intense. payment of the arrears of interest.
What made the arrangement appear especially com­
The anxiety, too, was shared in by both the security
holders and the public. There seemed to be a con­ mendable was that it was an exceedingly liberal one
sensus of opinion that the best way for dealing with from the standpoint of the company's interest. Tn
the problem was to provide for refunding the debt at other words there seemed to be no desire on the part
a low rate of interest. With this idea in view various of the committee to take advantage of the Govern­
refunding schemes were prepared and urged upon the ment, but rather an intention to offer very full terms
attention of Congress.
But one and all failed of pas­ at the very start. A few figures will make this per­
sage. The latter part of 1893 the Union Pacific be­ fectly plain. Interest on the subsidy bonds has been
came embarrassed and went into tho hands of receiv­ 6 per cent, calling for $2,013,370 per year. The sum
ers. It was supposed this would at last load Congress actually paid by the company, however, on account of
to pass the needful new legislation, but here again this interest has not varied much from 1£ million dol­
expectations were disappointed. A measure might lars per year, having been $1,344,286 in 1896, S 1,277,pass one house but it would die or be defeated in the 116 in 1895 and $ 1,249,061 in 1894. Yet even on this
other.
payment the company could not avoid financial em­
On the embarrassment of the road prompt action was barrassment and went into the hands of receiv­
As reorganizations of bankrupt properties
taken in protection of the interests of security holders, ers.
the basis of
increased
and in November 1893 a Reorganization Committee are never made on
on
the
basis of reduced
was formed, composed of a number of eminent and fixed charges, hut
well-known men. In March 1895 this Committee aban­ fixed charges, it is evident that prudence dictated that
doned its task because of the failure of Congress to the new company should not assume a burden of fixed
pass a refunding bill. The present Reorganization charges on behalf of the Government debt much larger
Committee did not come into being until October than what it had been paying on that account in the
1895. They too waited upon the pleasure of Congress past.
Tho offer of 145,754,000 seems to have been gauged
— waited for more than a year. In the meantime
the need for action was growing very urgent. The in about that way. Allowing for the value of the
property was being gradually dismembered and sinking fund, which was included in the bid, the
stripped of its most valuable branches and exten­ actual money required under that offer was roughly
sions. The bonds issued by the Government in aid $29,000,000. At about 85 to 90 for the first mortgage
of the road were beginning to fall due. At the 4 per cent bonds of the new company, it would take
same time foreclosure proceedings were being pressed to produce the sum needed an amount of these new 4
under the first mortgages, these being lions ahead per cents not far from the present principal sum of the
of the Government, lien. It really seemed now as Government debt, or 331 million dollars. But 4 per
if the United States was in danger of losing its cent: on 334 millions calls lor 81,340,000 per year, or
entire investment in the property, amounting principal actually about $100,000 per annum more than the
and interest, to some 70 million dollars. President company has been paying on account of the Govern­
Cleveland recognized the urgency of the situation, and ment debt in receut years.
The argument of course becomes still Stronger when
in hij message to Congress last. December pressed the
subject upon the consideration of that body. He also applied to the bid of $50,000,000, involving the rais­
took pains to state that unless Congress should other­ ing of a correspondingly larger amount of oash and
wise direct he would consider it his duty to take such the issue of an increased amount of bonds. But the
"execu tive action as would promise to subserve the point we wish to make is that, judged by the ordinarily
public interests and save the Government from the accepted standards, this first offer was a most
loss threatened by further inaction.” A funding bill liberal one. At the same time, as already stated,
wft- then under consideration in the House of Repre­ absolute freedom of competition at the sale was
IE no better tender than that of the
sentatives, and the President deferred action until the preserved.
Mouse should have had opportunity to declare itself Reorganization Committee was received, the Gov­
off that measure. On the 11th of January the bill waa ernment, as we have seen, would be faring remark­
defeated in that body, and with this all hope of any ably well. Still there was a possibility that some of
legislation by Congress to protect, the Government's the prominent Western systems might be anxious to
secure the road, and thus perhaps be willing to bid
investment in the property passed away.
It. was at this juncture that the President deter­ even more than the Committee's minimum. The
mined to act. on his own responsibility. It was at the arrangement left the way open for the Government to
same juncture that the Reorganization Committee secure any chance benefits of that kind. It is prope

802

THE

to say, too, that the arrangement had the approval oi
the receivers appointed at the instance of the Gov­
ernment as well as the five Government directors. Be­
sides all this, it should not be forgotten that under
the reorganization scheme stockholders are obliged to
pay a very heavy assessment ($15 00 per share) as
their contribution towards the rehabilitation of the
property.
We have gone thus at length into these details to
show the many elements of fairness which the propo­
sition possessed, and the universal favor with which it
was regarded. The Reorganization Committee even
then proceeded very slowly. A new Administration
was in power after the fou rth of March, and the new
Congress had also been convened in extra session,
both involving some possibilities of disturbance. It
was not until last June, when everything seemed to
be progressing favorably, that the committee declared
the reorganization plan operative— almost two years
having elapsed since it Ind been promulgated. After
a while reports began to gain currency that the new
Administration was not entirely satisfied with things,
that they did not like the form of the foreclosure de­
cree, that they regarded the Government lien as cov­
ering the Omaha Bridge, that they demanded other
concessions and changes, and that they were holding
over the heads of the committee the threat of an appeal,
thus tying up the reorganization indefinitely, unless
the requests demanded were granted.
The Committee could not well afford further delay.'
They had an apparently binding agreement with the
last Administration, but they showed a concilia­
tory disposition, nevertheless, as they had from the
first, and acceded to the wishes of the AttorneyGeneral.
More than that, to guard against any
possibility of their plans being upset, they agreed to
raise their minimum bid from $45,754,000 to 850,000,000. They felt that the company could afford to pay
the additional sum in view of the great improvement
in earnings and the business outlook which had
occurred since the time of their original offer last
January, enabling them to sell the new securities at
greatly improved prices; and they also felt that they
were justified in paying the additional amount in view
of the serious consequences involved in further delay.
It was then supposed that the matter had been
definitely settled, and that the foreclosure would be
allowed to proceed without further interference. But
in this the events of the past week show that the com­
mittee was very much mistaken. Pretty soon the ery
was set up by a portion of the daily press that the pro­
posed reorganization was nothing more nor less than
an attempt to rob the Government and that it was the
duty of the Administration to recede from its
position. Day after day these . charges were iter­
ated and reiterated and the claim made that if
only time were given several opposition syndi­
cates would be ready to outbid the Reorganization Com­
mittee and defeat the scheme. The Administration
seems to have yielded to this clamor. A t all events
on Monday last the Attorney-General notified the
Reorganization Committee that the Government would
move for a postponement of the sale until December
15 next, when Congress would be in session. To this
the Committee immediately responded that they would
not consent to a postponement; that rather thau risk
interminable meddling by Congress they would pay
the full amount of the Government claim on the
Union Division, amounting principal and interest to

OLE.

[V ol LXV-

n dollars, withdrawing, however, their bid on
the'uj^isas Pacific Division.
Two questions arise with reference to this latest
action. First as to the course of the Government in
seeking a postponement of the sale despite the assur­
ances given the Reorganization Committee at the time
they raised their bid to 50 million dollars, that the
foreclosure would be allowed to proceed, and, secondly,
as to the motives influencing the Reorganization Com­
mittee in raising their bid, with what seems like sur­
prising precipitancy,
to cover the full amount
of
the
Government
claim.
The
course
of
the
Government is difficult to explain or de­
fend on rational and ethical grounds. On its be­
half the plea is put forth that it merely agreed not
to appeal, that nothing was said regarding a postpone­
ment of the sale. But this is more ingenious than
convincing. Technically the statement may be cor­
rect, and yet a postponement, no less than an appeal,
involves delay, and delay is what the committee was
especially anxious to avoid. Indeed, if we examine the
arguments addressed to the Government at the time
when the matter of an appeal was under consideration
we shall find that they are chiefly devoted to showing
how great and serious would be the injury from delay,
both to the company and the United States.
As to the Reorganization Committee, their course in
advancing so decidedly and so quickly their bid priceseems hardly less inexplicable at first sight. We have
no doubt the general impression will be that they
played a very bold and shrewd game, and were beaten
at it. In other words, they appear in the attitude of
having attempted to drive an unfair bargain with the
Government— of having sought to buy the Govern­
ment equity in the property for less than its real
worth. When we look carefully into the matter, how­
ever, we find that they have been the victims of irre­
sistible circumstances. Their latest offer was dictated
by only one consideration, namely the
absolute
necessity for avoiding further delay in the reor­
ganization of the property.
The mere postpone­
ment of the date of the sale for six weeks, while
to be regretted, would not in itself have been cause
for alarm. But the Committee was confronted by the
fact that if the sale were deferred until Congress was
again in session, there was no certainty that it would
ever be allowed to take place. Discussion and agita­
tion in that body would most assuredly operate to keep
the matter open a long while, and populistic action
might defeat reorganization altogether.
There were many reasons why such a result was to
be avoided at all hazards. In the first place there can •
be no doubt that an announcement that the proposed
reorganization must at the last moment be abandoned,
or that it was to be seriously delayed, would have
exerted a very depressing influence in financial circles
and tended to undermine confidence again, only solately restored, with the effect of affecting adversely
many interests entirely outside of those directly in­
volved in the reorganization. The Committee’s own
position and that of the security holders made it even
more imperative that the reorganization scheme should
not be allowed to be wrecked. Enormous amounts
of money have already gone into the undertaking. The
original guaranty syndicate formed to take up unpaid
coupons was for 10 to 15 million dollars. The second
syndicate, to make good the guaranty to the Governernment, was called upon to provide the whole 50
millions to be paid for the claim of the United

Uctobeb 30, 1897.

THE CBRONICLK

8(M '

States, less only the 44 millions of cash held in the
Regarding the last of these three influences, we
sinking funds. Relying upon the binding force of hardly think that anything more will come of it than
their agreement with the Government. the syndi­ what has already happened. Whatever may be thought
cate went ahead and made the necessary arrangements of the attitude of the British cabinet in the matter of
to provide that amount of cash. More than that, the ! the Wolcott negotiations, that cabinet has refused the
Reorganization Committee has apparently had very propositions o ' the commissioners from France and.
Comprehensive plans in view for recovering the lines the United States. Its refusal, though polite, was
lost to the old Union Pacific system through the com­ peremptory, and we are not disposed to attach any
pany’s bankruptcy. Mow extensively engagements importance to Lord Salisbury’s promise of a hearing
have been made in this way we have no means of to further similar suggestions. International diplo­
knowing, but the agreement with Mr. J. P. Morgan macy is rarely curt and sharp in saying No to the
for the purchase of Oregon Short Line stock is one of , envoy of a friendly power. But the sentiment of the
these. In the process of financiering all these various British financial and commercial community has been
operations, many loans we must suppose have been |expressed in no such diplomatic phrases. If Balfourand Salisbury were anxious, as ministers occasionally
made.
In brief, the Committee had entered into enormous : are, to test the feeling of their constituents by hinting
engagements, commitments and contracts, all de­ at a possible course of action without committing
pending upon the carrying out of the reorgan­ |themselves to it. they have succeeded. The grave and
ization scheme and the issue of the securities pro­ weighty ri>monstrance from the London City memori- ’
vided thereunder. The Committee had gone so far alists and the unhesitating condemnation, even in
that to have attempted to retreat would have the columns of Government newspaper organs, leave’
meant chaos, possibly ruin. In the same way it little further need for inquiry.
This is a very fortunate conclusion: how fortunate
could not at this late date abandon the security
holders to their fate. The announcement of any such few people imagined until they read in last Saturday’s
intention would have resulted in an enormous shrink­ j dispa* 'tea Lord Salisbury’s auratniry of what were
age in the value of the securities, bringing tremendous [called in London the “ American demauds.” These
losses to many parties. There was no alternative, stipulations not only asked for compulsory silver pur­
then, bn: to resist postponement of the sale, and as chases by the Bank of England and for reopening of
only the payment of the full amount of the claim the Indian mints, but for a positive pledge from the
could swerve the Administration from its determina­ English Government to coin in England a fixed annual
tion to secure a postponement, that amount had to be amount of silver, and for increased silver coinage both
In short the proposi­
tendered, area if as a result the property should be in Egypt and in the colonies.
burdened with a larger amount of fixed charges than tions if accepted would have fixed upon Great Britain
a policy which repeated, in modified form, the essen­
had been intended, or is wise.
We think this explanation makes plain many tial features of both our Bland law of 1878 and our
things which otherwise would be hard to under­ Silver-purchase law of 1800. No English ministry
stand. No doubt it will he considered a great achieve­ could have seriously considered such propositions: that
ment for the Government to have recovered the entire they were even formally debated was probably a political
amount of its claim—its full pound of flesh : but as we j courtesy to the Lancashire bi-metallists, whose good'
see this was possible only because the circumstances will the E iglish (1 avernment is as anxious to retain as
were extraordinary, and both the Reorganization Com­ M. Moline is to oblige the French agriculturists or
mittee and the security holders were helpless and had Mr. Wolcott to help out, his mining constituents in
to make the best of a had situation. We are not sure Colorado.
But although England’s refusal puts an end for the
either that candid-minded men will share in the feeP
ing of pride and exultation which some of the news­ present to this sort of undertaking, the episode is a
serious reminder that we have not done with this cur­
papers express over the outcome.
rency dispute, and that so far as our own country is
concerned we shall not be done with it until our cur­
T H E O U TLO O K FOR f ’U R R E N C Y REFORM. rency has been placed on a rational and stable basis.
W ith the winter session of Congress only five weeks In all intelligent discussions of the necessary steps to
distant, the question of the currency and of possible achieve this end it will be noticed that one of two
action regarding it at Washington is rising again to reforms is advocated. The first is the extinction of
public notice. There are three reasons why this ques­ the Government issues, including the silver certifi­
tion is pretty sure to figure in some shape in this cates, the retirement of the Government from the
winter's Congressional debates. The Administration, banking buainoss, and the construction of a properlyin the first place, will have a positive programmeof cur­ guaried banking currency, which will expand when
rency reform to lay before Congress when the session legitimate trade demands are expanding and contract
opens. The character of this proposition by Secretary when exchanges are contracting. The second plan,
Gage has been foreshadowed in the newspapers, though which may bo called the compromise proposition, is
it has probably not yet been published in the form the construction of such machinery as shall enable the
which it will finally assume in his formal report to Government, if it stays in the note-issue business, to
Congress.
In the second place the Monetary Com­ protect itself against the ruin which overtakes all rash
mission of the ladianapolisConvention of commercial and ill-guarded enterprises of the sort, public or
organizations has so far systematized its work that it will private.
now undoubtedly be able to compel at. least a fair con
For ourselves, we are convinced that whatever may
sideratkm of the question. Finally, the necessity for be accomplished through a compromise, the question
intelligent action which shall put some quietus on this will never reach solution until the plan of forced cir­
perpetual tinkering with a faulty system is emphati culation of Government notes, including silver certifi­
cally pointed out by the recent bimetallist episode.
cates, is wholly abandoned. That this is also the

804

THE

(3HBONIOLE.

fV0L. LXV

personal conviction of Secretary Gage and that it was standard, that in the 189(5 campaign processions of
the almost unanimous conviction of the Indianapolis voters would be marching up Broadway to witness
commercial gathering is a matter of public knowledge. publicly their support of an honest currency?
We believe that the Monetary Commission has ac­
It is conceivable, no doubt, that a plan might be adopted
cepted
for the future precisely this office of keeping
through which easy redemption of outstanding notes
would appear to bo positively and permanently as­ the problem of currency reform before the public.
sured. But Secretary Sherman officially declared, The Commission is properly non-partisan, bat it has
eighteen years ago, that in his judgment such a sys­ the backing of every citizen and every organization
tem had already been adopted. In his reports of 1879 which foresees the necessity for reconstruction of our
and 1880 Mr. Sherman carefully discussed the present mischievous system, and the energy with which
chances of the future regarding the legal tender notes it has begun its work is the most encouraging sign
and the maintenance of resumption.
To the ob­ in many years.
jection that Congress still had power to increase
P R E F E R R E D STOCKS.
its notes indefinitely through further issues with com­
pulsory circulation, Mr. Sherman answered that there
[ A r t i c l e II.]
was no fair reason to expect such action on the part
In April last * we discussed quite exhaustively the
of Congress. To the argument that the reserve fund rights of the preferred shareholders of eight prominent
might be impaired through heavy revenue deficits, he railroad companies—all new corporations of excep­
answered, first that in his judgment the redemption tional magnitude. To-day, in this article and in the
fund would not be drawn on for current appropria­ editorial pages of the I n v e sto r s ’ S u p p l e m e n t for
tions, and added, £fnor is it to be presumed that October, we extend our field of investigation to cover
Congress will omit to provide ample revenues to meet the stocks of other companies of various ages and size,
such appropriations.” Yet almost within a decade taking up ten of them in their alphabetical order and
after the utterance of these seemingly reasonable omitting companies insolvent. Subsequent articles will
prophecies, Congress bad passed a law ordering the include the remainder of the list.
compulsory circulation of some fifty million new
The stocks to be considered on the present occasion
legal tender Government notes per annum, and it had are represented by certificates less elaborate and in a
run its expenditures so far beyond its revenue that way less likely to serve as models for future issues than
unless the redemption fund had been drawn upon for those described in our earlier article. Nevertheless
current appropriations the Government would have among them are two that possess features of decided
literally gone into bankruptcy.
interest as illustrating unusual examples of preference
We mention these remarkable results, not for the shares. One of these is the odd, but not isolated case
purpose of refuting Mr. Sherman, but to show that no of an issue of certificates of indebtedness that are
contrivance for redemption, however scientific and in­ looked upon by the issuing company as nothing less
genious, can be of any permanent avail so long as than preferred stock, which in fact they closely
Congress holds to the theory that issue of Government resemble. The other is that of a preferred stock, whose
notes is right and proper. This is not the teaching right to dividends is secured by a deed of trust, a div­
of Our own experience alone ; it is the lesson of every idend being “ guaranteed” by the issuing company on
State on earth which has ever tried the experiment of a part of the stock, while at the same time the power is
a Government legal-tender currency. The tendency reserved to the holders of a certain amount in interest
to increase such issues is inherent in the system.
of the shares, at a meeting duly called for the purpose,
With these facts and well-known tendencies in mind, to modify their terms of preference or other rights, in
we believe that the work of the Monetary Commiss­ whatever respect may to them seem best.
ion, now actively in progress, is of the highest
Before discussing these two issues, it is worth while
. possible importance.
The
Commissioners may to mention the companies whose stocks are cited in
in one respect very profitably take- a leaf the current issue of the S u p p l e m e n t and to note a few
out, of the book of our silver agitators. The general facts regarding them. The companies are.
persistency of our silver faction, their return to the Allegheny Valley Railroad,
Buffalo Roeh. & Pitts. R y.,
Canadian Pacific Railway,
fight after each successive reverse, and the manner in Ann Arbor Railroad,
Atlantic Coast Line,
Chicago & Alton Railroad,
which they kept the question at all times in the arena of Balto. Ches. & Atlantic Ry.,
Chicago & Bast. Illinois RR.,
debate, are . worthy of imitation in this better cause Baltimore & Ohio S. W . Ry., Chicago Great- Western Ry.
As to the rights of the preference shares of these
A policy thus stubbornly kept before the public will
in the end compel discussion, even from the shallow ten companies, no, less than three of their twelve issues
and careless voter. Perhaps lie will, protest his weari­ are cumulative, notwithstanding the growing dis­
ness of the subject;-but protests of that-sort have been inclination on the part of railroad companies to accor (
They are those of the Alleghen y
addressed to every movement of reform since civiliza­ this privilege.
tion began, and no propaganda in history has ever Valley and the Baltimore Chesapeake & Atlantic
achieved success which did not pass through periods Kailway and the ‘ -4 per cent debenture stock” of the
when the public seemed momentarily deal to it. Per­ Chicago Great Western Railway. The certificates
sistence through good and ill inevitably changes- in­ for the last-named stock do not, to be sure, co n ta in
difference to curiosity; curiosity leads either to con­ the word ""cumulative” , but provision for the cumula­
viction or opposition, and with the lines thus drawn tion of unpaid dividends (or interest as' they are
the sagacious leader will press his fight until circum­ called) is made clear by stipulating that no dividend
stances force the. problem upon the voter’s immediate shall at any time be paid on any other stock of the
consideration.
That such circumstances will arise, company until all accrued interest on the debenture
sooner or later, is as sure as any human probability
* C h r o n i c l e of May 1, 1897, p. 825, and I n v e s t o r s ’ S u p ­
can be. Who, for instance, would have dreamed in p l e m e n t f o r April. The companies were: Atchison, Brie,
Norfolk
& Western, Northern Pacific, Oregon RR. & Naviga­
1892, when both presidential platforms were shuffling
Reading, St. Louis & San Francisco and Southern
and equivocating with the question of the money tion,
Railway.

O ctober 30, 18«'?.|

THE

CHRONICLE.

805

stock shall have been fully met or provided fo r— ' stoek may be so largely dependent on its voting power
which of course is the same idea. Two issues have a 1and the limitations in its behalf as to increasing the
preferential claim upon assets in ease of liquidation, |preferred stock issue or to creating prior liens, that
viz., Atlantic Coast Line and Chicago Great Western. one would expect to find the facts touching these
In our former article we questioned the value of this matters always stated in the stock certificates. The
form of preference in the case of railroad stocks, b u t ! Chicago Great Western, as we shall see, has made,
if, as is true with respect to the Atlantic Coast Line elaborate provisions in this regard in its trust deed ;
Company, no bonds are outstanding, the right so pos­ consequently the omission of these particulars from
its certificates is only what we should expeot.
sessed may have real significance.
As to the two unusual instances of preference issues
Two of the stocks have a preference at the high rate
of 7 per cent, one of theso being the Alton, which has above referred to, if the reader will turn to the edit­
long paid the full 7 per cent or more: two have a orial article in the I n v e s t o r s ’ S u p p l e m e n t , he will
preference of 6 per cent, four of 5 per cent, three of see the “ certificate of indebtedness” of the Atlantic
4 per cent and one (the Allegheny Valley) of only 3 Coast Line Company there quoted at length; the certi­
per cent. Five of the twelve, however, including ficate begins : “ The Atlantic Coast Line Company
the Allegheny Valley, call for the equal participation ! acknowledges that it is indebted t o ................... in the
of common and preferred shares in all the remaining j sum of . . . . . . . dollars.” This statement is the
dividends declared in any year after both stocks have only feature in wbfeh the certificate in form resembles
received dividends up to a certain amount. It was: a debt obligation. If we read on we learn that the
such a provision us this, it will be remembered, that j certificate is " irredeemable, save that it sl\all rank as
permitted the 7 per cent preferred stock of the Chi­ a claim against said company payable with other cer­
cago & Alton, as well as the common stock, to receive tificates of its class in preference, to the capital stock
through so many years dividends at the rate of 8 per of the company only ” — in other words not very unlike
cent per annum, and which, when the common stock the condition of a stock whose preference extends
dividend was reduced to a 7 per cent rate, made both to dividends and assets.
necessary also a redaction in the preferred dividend to
As to dividends, also, there are few preference
a like amount. Any further decrease, should one shares more carefully worded so as to reserve to the
ever take place, would for the same reason fall solely company the right to decide from time to time
on the common stock until its dividends cease entirely. whether a distribution in the form of dividends shall
The other stocks possessing the pro rata clause are: occur. “ The interest on this certificate” , we reax,
Baltimore & Ohio Southwestern, Buffalo Roehester & “ is in no event to exceed the rate of 5 per cent per
Pittsburg and Chicago Great Western 4 per cent pre- 1 annum, payable semi-annually”
* * * “ if the
ferred stock B. The shares in one of these cases were income is sufficient, and if not then there is to be paid
intended especially to attract foreign investors, and only so much thereof as the income of the half-year
therefore contain the gold clause. These are the j will ju stify; said interest is to take preference of
shares of the Chicago Great Western, whose preferred dividends on the common stock only.” Then follow
stock A is to receive dividends in gold under the the provisions that the decision of the company’ s
terms of the certificate, and whose 4 per cent deben­ board of directors shall be final as to whether any
ture stock is entitled to payment in like coin under interest on the debt certificates has been earned and
the provisions of the trust deed, the trust deed also that such interest, if unpaid, shall not be cumulative.
stipulating that in case of liquidation the principal of As we have said, the company itself treats the debt
the several issues shall be paid in gold in the same certificates as preferred stock, and refers to them as
order of preference as attaches to their dividends.
such, five millions out of the six millions authorized
As to voting rights the certificates of only two com-j having been issued in exchange, dollar for dollar, fo r
party’s— the Baltimore Chesapeake & Atlantic and common stock, reducing the amount of the same from
Chicago & Alton—contain the provision too often j ten millions to five millions.
omitted, but which we think should always be men­
Except as to the making of a mortgage, regarding
tioned when true, since in financial matters men do which the certificates have the right already de­
not readily take for granted rights that are not recited scribed to reject any proposition looking thereto
— namely, that both common and preferred shares which three-fourths of the certificates do not favor,
have equal voting power. One company’s certificates they have no voting pow er; hut this circumstance
(Atlantic Coast Line) have no voting power except as would not in itself exclude them from being capital
to the making of a mortgage, and for this a two-thirds stock. Other well-known preferred issues have no vot­
vote is necessary. If, moreover, a mortgage is made ing power, as, for example, the Cincinnati Hamilton &
holders of the certificates are to be permitted to ex­ Dayton “ A ” , “ B” and “ Eagle” 4 per cent stock. We
change their holdings in amounts of 11,000 for the conclude therefore that the Atlantic Coast Line Com­
new bonds, provided notice is given of their desire so pany has good reason for classing its debt certificates
to do within sixty days after the mortgage is authorized as preferred stock.
The second special stock issue to which we invited
— an excellent option, but one that might easily be
allowed to lapse through oversight. One other com­ attention " was that, or rather those, of the Chicago
pany, the Ann Arbor, covenants in its preferred cer­ Great Western. In addition to common stock the
tificates, that a new mortgage additional to the 7 mil­ company has outstanding 4 per cent debenture stock,
lion issue of 1805, shall be created only in ease a 5 per cent preferred stock A and 4 per cent preferred
two-thirds vote in favor of the same be cast by both stock B. The first, two, the debenture stock and the
common and preferred stocks. It is singular that the preferred A, are issued under the terms of a deed of
Chicago & Alton certificates alone inform us what vote trust conveying to the Manhattan Trust Company, as
of the preferred certificate* is required in order to in­ trustee, the first mortgage bonds received in exchange
crease the preferred stock i -me, the amount being a for the stock, the railroad securing the same aud other
three-fourths interest. The value of a preference property. Two or three cases we know of where pref-

806

THE CHRONICLE

erence shares have a mortgage lien, but in this
instance the conveyance does not amount to a mortgage. There is no right to foreclose, yet should
dividends not be paid as agreed, the company may be
placed in the hands of a receiver, who shall be subject
to the control of the “ Finance Committee.” This
conimittee, which represents the debenture stock and
preferred stock A (at all times and not only in case of default), consists of not less than three nor more than five
stockholders chosen for this office at a meeting of the
two classes of stock the second Wednesday of each
January. To the committee is given “ authority to
exercise general supervision and control of the finances
of the company” , to examine and by its agent to audit
the company’s books and to superintend or approve
the sale of all new securities and the application of
their proceeds.
In case of controversy as to the
amount of net earnings applicable to dividends on the
5 per cent preferred A (the debenture dividends
being “ guaranteed” ), the finance committee shall arbi­
trate and its decision shall be final. This is an extra­
ordinary provision, which, so far as we know, has no
parallel in the case of any other American railroad.
As a protection, howeyer, for the holders of a com­
pany’s stock its effectiveness, as is manifest, must be
influenced by the care, or lack of care, displayed by
the stockholders at their annual meeting to select as
their representatives those who will act solely in their
interest.
For the holders of the debenture stock and pre­
ferred stock A , two kinds of stockholders’ meeting are
provided, general and extraordinary, one-tenth of the
said stocks [present or represented] being necessary
for a quorum. A t a general meeting the finance com­
mittee is elected by a majority vote. A t extraordin­
ary meetings a majority vote may authorize additional
issues of 4 per cent debenture stock or preferred stock
A , and a two-thirds vote may ratify the making of
new securities that shall rank as a charge on the un­
dertaking prior to either the debenture stock or pre­
ferred stock A as desired. The existence of the deed
of trust, therefore, does not preclude the possibility of
the company ’s issuing additional bonds or other securi­
ties which shall take precedence over existing stock
issues.

[ VOI, U ' ,

quorum,
is all that is required to make their action
<
binding
on all the shares. The power granted, also,
1
seems
to permit the complete alteration of the rights
t
of
the
stockholders. It may be of interest to note that
<
under
the provision here cited a resolution was passed
1
in
1894
under which the holders of the two classes of
i
stock
who
omitted to avail themselves of the option to
i
subscribe
for
the 12^- per cent in debenture stock
i
:allotted to them are now receiving their interest or
dividends orily in scrip convertible into debenture
<
stock and will continue to do so until the full amount
of stock set aside for allotment ha- thus been issued.
This resolution was mentioned in V . 59, p. 470, and a
recent explanation by President Stickney regarding
the operation of the same is in the railroad news de­
partment of to-day’s C h r o n i c l e .

THE BOARD OF TRADE CONVENTION AND
RAILROAD POOLING.

This week’s convention of the Board of Trade and
Transportation brought out a number of interesting
papers on railway subjects. Among these papers may
be mentioned particularly that of Mr. George B,
Blanchard, Commissioner of the Joint Traffic Associa­
tion, that of Mr. Simon Sterne, and that of Martin A .
Knapp, Chairman of the Inter-State Commerce Com­
mission. The striking feature of these addresses was
the unanimity of opinion which they revealed as to the
need and desirability of allowing the railroads by law
to enter into arrangements for pooling their business
with the view to securing greater stability of rates.
It is significant of the decided change which has oc­
curred in public sentiment within recent years regard­
ing this subject that such a staunch champion of com­
mercial interests as Mr. Sterne, and such an eminent
representative of the Inter-State Commerce Commis­
sion as Mr. Knapp, should be able to find common
ground to stand 0 7 1 in this respect with Mr. Blanchard,
who in the highest a7id best sense may be regarded as
an advocate of railroad interests.
The arguments in
favor of railroad pooli7ig have been so often stated in
the past that it is hard to find anything new to say on
the subject. But in the papers before us these argu­
ments are brought out with great clearness and force.
A majority vote at an extraordinary meeting may
Mr. Blanchard’s paper is in the form of a series of
also release any portion of the premises subject to the questions and answers, and in this way he is able to
trust deed, sanction any compromise between the present his argument in a very cogent and convincing
company and its stock or security holders, and may also- way. He defines a railway pool as a7i agreement be.“ sanction any modification of the rights of the holders t veen rival railways to apportion the tonnage or earn­
of debenture stock or preferred stock A against the ings of competitive traffic carried at like rates pre
company or against its property, whether such rights viously published. Only the rates touch the public
shall arise under the trust deed or otherwise.” This interest, and he says that clearly some rate standards
important provision appears in a schedule attached to must be just and reasonable. Being so fixed, legally
the trust deed, but an article in the trust deed pro­ announced, filed with the Governme7it, and uni"
vides that the schedule shall have the same force as if formly collected, it is not a real public concern
its provisions were in the deed itself.
how the proceeds thereof are shared by parallel
This power to modify the rights of security holders any more than by connecting carriers. Mr. Blanchard
is also unlike any existing provision in the preferred shows that the tenn competition cannot be applied to
stocks of other companies. Some recent mortgages__ railway rates in the sense that it is to buying and
as the Erie first consolidated mortgage of 1806 for in­ vending goods
The word “ competition” begets the
stance—^provide that, to avoid foreclosure, holders of i litial thought of bargaining, which is the unchallenged
four-fifths of the bonds may in the event of default right of merchants, trusts and trade exchanges; but
authorize the company to create prior liens, thus mod- similar bargainings by railway companies are illegal at
ifying the rights of the entire issue to that extent, common law and are punishable with fine and im­
But it will be noticed that this right can be exercised prisonment by statute. Traders may buy and sel
only with the co-operation of 80 per cent of the bonds, with reference to their own or their patrons’ capital
while for the stock issues above referred to a majority credit, manufacturing facilities, &c., but railway com
vote at a meeting, where a tenth of the stocks forms a panies cannot so vary their charges because of these

October 90, 1897,]

THE THEONICLE.

807

or other reasons. Their rates cannot be legally sold that the largest shipper will play one railway against
another and obtain for his larger shipments a rate
over railway bargain counters.
There is no analogy between railway pools and which the smaller shipper cannot hope to obtain.
trusts. Trust.- combine rival interests to control buy­ Therefore there is no part of the community so
ing or to enhance sale prices, and to restrict or an­ intensely interested in the regulation of this competi­
nihilate lesser competition.
Trust prices are not tion as the man with small capital.
legally required to ->e made public. Trusts do not
Mr. Sterne thinks that with a slight amendment to
currently report their incomes, prices or profits to 1the long-and-short-haul clause and the legalizing of
public authorities
They may grant various sale : pooling or joint-traffic agreements, under proper safe­
terms and preferences or decrease production to in­ guards, the railway world would almost unanimously
crease profits. Contrariwise, inter-State railway rates j say that railway companies are more wholesomely eonmust be filed with the Commission. Railway com­ 1ducted under such conditions and can render better
panies must make detailed reports to the States from ; service to the public under an Inter-State act and a
which they derive their charters, or to the National Federal Commission than without one.
Government, or both.
They cannot combine to
Mr, Knapp’s paper was not distinctly devoted to the
control charges, hot must determine them with subject of pooling, but he reached the same conclusion
reference and deference to law and to the as the other speakers mentioned. To make the law
many elements of
natural competition
The efficient and useful, to secure that uniformity and
rates and fares of the railroads are subject to legal re­ stability of rates which all right-minded men so earn­
view. Carriers cannot usually charge more at local estly desire, the carriers should, he declares, he
points than to the next common-point*. They seek allowed to combine their facilities, to the end that
to enlarge trade and cannot restrict or obliterate com­ wasteful warfare between them may be pi evented and
petition. Every railroad built, therefore, becomes an j the economies of association applied to the business of
undying vital and public agency of commerce, and |public transportation; and to correct any injustice
when two of them share a common traffic it is not a which might be occasioned by the observance of
trust in principle, purpose, agency or effect.
schedule rates which are excessive or relatively unjust,
Mr. Blanchard gives it as his opinion that the Inter­ i he would give the Commission authority, after inves­
state Act has not fulfilled some of its desired pur­ tigation upon notice and full hearing, to determine
poses, because that Act interdicted the pools which what changes, if any, should he made in the standard
foreign companies may form. This, he said, was as if of compensation. That determination he would have
consulting physicians had discarded the best discovery capable of prompt enforcement, subject to such judic­
for curing epidemic disease and blamed only the suf­ ial review as would protect the rights and interests
of all parties concerned. Considering his position as an
ferers therefrom.
Mr, Sterne in his paper points out that there is now Inter-State Commerce Commissioner, it is particularly
a consensus of opinion, not only on the part of those refreshing io have him say that to him all other amend­
students of public questions who take merely a philo­ ments seem subordinate to these cardinal propositions.
sophical view of the situation, but also on the part of
the officials who are called upon to administer the IM P O R T S AND E X P O R T S FOR S E P T E M B E R
The Bureau of Statistics has issued a detailed statement o
public law of railroad-, that the inhibitions of pooling
the foreign commerce of the country for the month o
hv the act of 1887 (and the inferential prohibition of September, 1897 and 1896, and for the nine months ending
joint traffic contracts under the Trust Act of 1890) September 80 in 1897 and 1896, as follows :
MERCHANDISE.
were serious legislative mistakes.
lie thinks that
September. 9 mos. end. Sept. 3 0.
om estic.............
$7 32 ,7 8 7 ,4 8 6
pooling contracts, if legalized, should be subject to 1897.—E xports—D
F oreign...............
13,601 ,049
scrutiny and supervision by the intcr-State board, but
T ota l..................................
*746,388,535
he would not give the Board any right, to determine
Im ports—Free o f duty.......
$302,461,746
D utiable..............
286,287,396
any matter relating purely to the partition of the
T o t a l................................
*588,749,142
traffic agreed to between the railway companies them­
Excess o f ex p orts.............................
*157,639,393
selves. The only questions the Commission should be I s a s .—E xports—Domes tie............. . . . $83,746,362
*65 0,9 6 3 ,3 4 8
F
oreign
..............
15,098,5 42
at liberty to determine arc as to the fairness of the
T
otal.................................
$666,081,890
rates made consequent upon the pooling arrangementIm ports—Free of duty___ . . . *29,955.772
*23 8,21 9,73 3
public facilities, classification, &c.
D u tia b le.............
283,80 8,55 6
The experience of England, Mr. Sterne declares,
T ota l...................................
$522,088,28 9
when for twenty-five years it pursued the policy of Excess o f exports............................ . . . *34,275,108
*143.973,601
GOLD COIN AND BULLION.
keeping competition alive, showed that such policy
*32,501,4 98
1997.—E xports..................................
had played into the hands of the stronger companies to
13 ,0 2 7 ,7 0 3
Im ports..................................
such an extent that at the end of that period it was
*19,473,79 5
Excess of Im ports.............................
found that substantially six, perhaps eight, companies 1898.—E x p orts.................................
*5 6 .8 7 4 ,8 4 6
Im ports.............................. . . . . 34,159,130
64 ,8 8 8 ,8 5 0
Owned over eighty-five per cent of the railway linea
*8,014,01
©
of the United Kingdom which had theretofore been E xcess o f Im ports............................ .
GOLD IN ORE.
in the bands of upwards of forty different companies. 1897.—E x p orts..................................
$ 9 5 ,9 4 8
3,5 35,8 3 2
Im ports...................................
Unrestrained railway competition for freight not
*133,718
*3 ,4 3 9 ,8 8 4
o f Im ports............................. . . .
only works mischief, in that it gives to the Excess
* 1 1 4 ,2 0 1
18 96.- E x p orts...................................
1,3 6 0 ,2 9 0
Im ports..................... ............
stronger line a power of crushing and ultimately
*1,2 46,0 8 9
buying up the weaker line, but works a still greater Excess o f Im p o r ts ...........................
SILVER COIN AND BULLION.
mischief so far as the public is concerned, in that it 1897.—E x p o r t s ..--— — ...............
*42,337,460
646,548
7,571,201
Im ports................ .................
gives to the larger shipper in the scramble for freight
E
x
oessof
ex
p
orts..............................
.
.
.
*3,926,046
* 3 4 ,7 0 6 ,2 5 9
an enormous advantage over the smaller shipper.
*46,475,041
1898.—E x p o r t s ........... .
Under free competition and in the absence of any
8,454,637
Im ports..................................
agreement for the maintenance of rates, it is inevitable Excess o f exports............................. . . . *4,792,432
*38,020,404

THE CHRONICLE.

808

[VOL. L X V .

The only other department in which there is any life is that
Seplember. 9 mos. end. Sept.:- 0 for Argentine securiies, bnt generally the international de­
partment is neglected. The financial embarrassments o f
1897,
- Exports
$ 2 ,2 2 5 ,6 9 0
1 6 ,0 9 7 ,6 7 0 Spain are weighing heavily upon the Paris Bourse, whiclx isIm ports. . . . .
almost lifeless, and while Paris continues so the other Conti­
.................... $ 2 ,2 2 5 ,6 9 0
* 1 5 ,9 3 6 ,3 4 0
E xcess o f i tu ports..
nental B rarses ate unlikely to do much.
$169,980
$564,9*2
1898. —E x p orts......
Meanwhile the home trade continues wonderfully good.
1,237,622
13,241,085
im p o r ts .,
Week after week the railway traffic returns show surprising
$ 1 ,0 6 8 ,7 4 2
$ 1 2 ,6 7 6 ,7 4 3 increases, and from all the great manufacturing centres the
Excess of Imports...
reports are favorable, with the exception of Lancashire,
which is suffering mainly from the distress in India. The
onetavy 3Sommer c ia l^ tig lis h Be t»s prosperity of the home trade is the more striking because
of the long-continued engineering dispute, which even yet
shows no sign of coining to a conclusion, and because a labor
[From otir own correspondent.]
dispute in Lancashire is likewise threatened. The employers
LONDON. SATURDAY. Oct. 16. 1887,
propose a reduction of five per cent in wages, and have in­
There seems every prospect that the definitive treaty of vited the leaders of the workpeople to a conference. The
peace between Turkey and Greece will be speedily concluded. general impression is that the workpeople will refuse, but
The International Comtnission of Control has been appointed will offer instead to consent to work short-time for a* long as
the employers think desirable.
by the Powers and is expected to assemble at Athens some
The Directors o f the Bank of England on Thursday raised
time next week. But the condition of Crete is very bad and their rate of discount from 2 per cent to 3 >er cent. During
the Powers seem incapable of coming to any reasonable ar­ the week ended Wednesday night gold amounting t o £918,i 00
rangement. There are fears, too, of further Armenian mas­ wai withdrawn on balance from the Bank, and as at the be­
ginning of the week the Imperial Bank of Germany raised -ite­
sacres and there are rumors of disturbances in Arabia, and it rate of discount from 4 per cent to 5 per cent and its rate
is said that an outbreak in Macedonia is probable.
for loans from 5 to 6 per cent, the Directors naturally decided
Apparently the harsh measures dealt out to Greece andth6 that it was time to make an advance. There is still much
continued presence of such a large Turkish force in Thes­ difference of opinion as to whether Hew York will requirelarge gold shipments. And there is also a great deal of spec­
saly have alarmed some of the Balkan States, and although ulation as to whether gold on a considerable scale will go to>
Roumania holds aloof, there are rumors that Bulgaria, India, It is certain that the Indian money market is tight­
ening weekly, and that by and by it will be very stringent.
Servia and Montenegro are drawing closer together.
In the Transvaal nothing has yet been done regarding the As it is improbable that, the I dia Council will be able to re­
sume the sale of its drafts for several weeks, it is by no means
concessions recommended by the Industrial Commission. It unlikely th t gold will have to be sent out. In any case,
is reported that the distress among the agricultural Boers is there are the usual autumnal requirements for Egypt, South
very great and that discontent exists amongst them because America and the like, There is also a strong demand for
they have at last become convinced that the refusal of the Germany, while Russia and Austria Hungary are buying themetal in the open market.
concessions has checked the demand for land, which was so
The Bank some days ago raised its s lling prices of bar gold
great while the mining industry was prosperous, and has also and United States coin, which for the moment checked
withdrawals, rut evidently the directors have come to thecaused a general fall in prices.
The news from Brazil is very disquieting. It is reported conclusion that that was not enough. The question now is
whether the open market rate will advance with the Bank
by the Government that the fanatic leader has been captured rate. Some time ago the Bank of England lent large sumsand the fanatics disastrously defeated. But on the other and discounted bills on a considerable scale. Thereby it
hand the financial condition of the country is almost des­ supplied the open market with funds, and the result wasperate. An Anglo-German syndicate has offered five mil­ that when the Bank raised its rate from two per cent to twoand a-half per cent the open market did not follow. Grad­
lions sterling for the Central Brazilian Railroad, hut some of ually the loans have matured and the bills have begun to run
the terms are unacceptable to the Government, and what the off, and now it would seem that the Bank is in a position to
result will he is therefore uncertain. Probably the financial easily get control of the open market. If it seizes the oppor­
diffiulties will compel the Government to agree and if so, tunity and makes the three per cent rate effective, that will
of course check many of the demands and possibly may pre­
the receipt of five millions sterling will give it time to set vent large gold shipments.
about putting its house in order, and it will he helped by the
Is was offi -ially announced on Thursday morning that the
Cabinet is to meet this afternoon for the first time after the
very large coffee crop that is assured'this year.
In Uruguay the financial difficulties are great. The new holidays, and it is understood that one of the subjects to bediscussed is the answer to be made to the proposals o f the
Government is winning general confidence, although the ad­ United States Commissioners and the French Government.
herents of the old administration condemn the settlement What thoss^ proposals are exactly has never been officially
with the insurgents as a practical surrender. Unfortunately stated. It is, however, believed on very good authority that
there will be a new election next year, and therefore capi- the Indian Government has strongly protested against re­
opening the Indian mints at the present time. The general
talists hesitate to lend the Government money. If it cannot belief is that the negotiations will come to nothing.
obtain help in some way it will probably have to suspend the
The imports since January 1 have been as follows :
1897.
1896.
Difference.
payment of interest on the foreign debt. Chi'i is also pass­
a
Im por ts .
£
P er Ct.
£
ing through a crisis.
January ------ 39,975,668
38,473,856
+ 1,50 1,8 12
+ 3*90
February___
37,
45,164
3
,476,736
+4*98
+
1,768,428
The reports from Argentina, on the other hand, are favor­ vfarch___
40,65\ i l 4
3®,366,750
+ 5 96
+ 2,28 8,3 64
able. Locusts undoubtedly have reappeared, bnt according April................ 35,136,555
-r l-8 7
35,803,800
-6 7 3 ,2 4 5
vfay____ . . . . . 36,336,348
33,349,988
+ 8 95
+ 2 ,9 -6 , 60
to the best authorities they have not as yet done much dam­ Jliue............. ,. 36,321,809
35,229.255
+3*10
+ 1 092,554
July................. 36,123,523
+5*08
34,378.158
+ 1 ,7 4 5 ,3 5
age, white the wheat crop is quite safe.
Au trust............ 33,371,385
32,480,473
+2*74
+ 890 ,912
In Australia the wheat crop is also regarded as safe, but, S eptem ber___ 35,195,893
33,006,346
+6*83
+ 2,189,547
unfortunately the spring rains have not. proved abundant
9 m o n t h s ... 329,958,835
316,293,512
+ 4 -3 2
+ 13,665.323
enough, and it is feared, therefore, that the pastoral interest
T h e e x p o r t s s in ce January 1 h a v e b e e n a s f o llo w s :
will again suffer severely.
1897.
1896,
Difference.
Expor ts .
'£
£
P er Of.
£
In India the rains are very good. The autumn crops are January..........
19,762,378
21,146,491
—6*f 4
—1,384,113
excellent. Wheat has been sown on a considerable scale, and February ....... 17,864,6-2
19,704,095
-9 -3 3
—1,839,413
March.............. 21,647,269
20,449,623
+ 5-8 5
+ 1,197.646
the economic condition of the country has immensely im­ April................ , 19,700,122
+ 6 -7 T
18,150,227
+ 1,249,895
Way____
.
.
.
.
.
19,322,146
18,835,243
+2*58
+ 486,903
proved generally. Many of the frontier tribes have sub­ June........ .
19,089,997
20,560,061
—7*15
—1,470,065
mitted, hut the expedition against the Afridis is only just Ju ly ............... . 21,501,452
21,359,139
+ 0*62
+ 142 ,314
A ugu st.. . . . . . . , 19,773,9 7
20.326,7^6
—7*63
—1,552. + 9
setting out.
September —
18.305,275
19,824,125
—7*66
—1,518,815
The money market is becoming very stringent, and thei
9 months . 175,991,176
180,655,800
—4,864,034
—2-58
are fears that gold may have to be sent from London. Tt
The re-exports of foreign and colonial produce since Janu­
final result is, so far as the city is concerned, that business
ary 1 show the following contrast:
very quiet. On the Stock Exchange there is a fair amount <
1897.
1 89 6 .
difference.
£
R e -e x p o r t s .
£
investment in British railway stocks and there are acth
£
P erm .
J a n u a r y .........
4 ,1 7 7 ,8 2 5
4 ,8 « 6 ,3 8 4
— 6 2 8 ,5 5 9
— 13-08
dealings m Western Australian shares. But almost evei
1eb ru a ry . . . .
5 ,2 2 4 ,1 3 8
5 ,6 1 7 ,5 9 3
—7 -00
—3 9 + 4 5 5
other department is neglected.
5 ,2 7 0 ,8 5 3
M a r c h . . . . ___
4,6 6 ,1 2 2
+ 6 6 4 ,73 1
+ 1 4 -4 3
The wiling of American securities bv investors hi
A p r i l . . . . . . ___
7,3 0 8,18 1
5 ,3 8 8 ,0 0 2
-1 ,9 2 0 ,1 1 9
+ 3 5 -6 3
M a y . ... .. . . . . .
4 ,9 5 4 ,6 9 2
4 ,7 4 8 ,6 4 2
stopped since the set-back in Wall Street. But on the oth<
+ 2 0 6 ,0 5 0
+ 4 -3 6
J u n e ............... .
5 ,4 * 1 ,7 8 9
4 ,6 3 8 ,9 6 8
+ 8 1 2 .S 2 1
+ 17-52
hand there is no inclination to buy. Many of the weak*
J u ly ___ , ...........
5 ,0 1 4 ,3 3 7
4 ,2 5 0 ,3 3 2
+ 7 6 4 ,0 0 5
,+ 1 8 -0 0
speculators who bought after the rise had made considerab
A u amat___ . . . .
4 ,fi5 1 ,9 4 7
4 ,1 7 4 ,0 6 0
+ 4 7 7 ,8 8 7
+ 1 1 -4 4
S e p te m b e r ___
3 ,9 7 9 ,0 9 2
3 ,2 7 4 ,4 6 6
progress have been compelled to sell on a considerable seal
+ 7 0 4 ,6 2 6
+ 2 1 -5 2
and other operatoia are uding little.
SILVER IN ORE.

9 m o n t h s ...

4 6 ,0 1 0 ,0 1 4

4 1 ,5 0 1 ,6 2 9

+ 4 ,5 0 5 ,3 8 5

• + 1 0 -8 5 -

THE CHRONICLE

O c to b e r 30 IS/?,]

809

T h e f o l l o w i n g r e t u r n s h o w s t h e p o s it io n o f t h e B a n k o f
E u g l t s h F i n a n c i a l M a r k e t . - P e r C a b le .
E n g la n d , t h e B a n k r a t e o f d i s c o u n t , t h e p r i c e o f c o n s o ls , !
T h e d a ily c lo s in g q u o t a t io n s f o r s e c u r it ie s , e t c ., a t L o n d o n ,
•See., c o m p a r e d w i t h t h e la s t t h r e e y e a r s :
are r e p o r t e d by c a o le as fo llo w s f o r th e w e e k e n d in g O c t. 29:
1895.
18*6
1897
189*.
Oct. IS.
Oct. 14.
Oct, 17. I
OcL 13,
Sat.
Mon.
Tues.
LONDON.
Wed. Thurs.
Fri.
£
£
4;
£
27
27%
27%
27%
27%
€ n a ia tioa ...-.......................... 27,8;?.7S5 27,115.550 26.523,1S5 25,776.975 \ tllver, per ounce------d. 27
1115,« 111716 111',,1 111% 11113,8
o 4 29.941
4.6*\36l
5,220 998 | Xmeols., new, 2% p.cts u i >
7 , W '2
Pa alia depmim. . . .
....
I jlII q 111% m * , * i l l ’ s
For account ........... X1 1 1*2
47.79H.iS l
8»\l0 ,94* 39, IS,-SO rr’cb rentes (In Paris) fr. 102*95 o a l 103 05 03
Qi&er deposit* ....................
12% 103-25 103-20
16.221 473 to, 65,529 it c h Top. A Santa Pe
16.1S5. 47
13%
^orernmentsecurities ..... - 15
'.3%
14 >4
13%
13%
13%
30
Do
do
pref. 30 L
2d **
28%
Otherseeartue* .. ..... ....... 29.331.814 27.986,077 25, tl:\U0 18.1U2.023
29%
29%
82%
80%
82%
80%
0 37.t7i.6S. i lanadlati P acific.......... 83 >a
20»itefMSl
81*9
f t e t e r r a o f n a v es a n d < r 4 a ,.
22%
2*2Li
32%
23 L
22
*2*4
Coin St oailloa, both he partial* 31t«tf7.,028 ;t7,S*4H#l8: 41 167,225 36.619 9 i liesap eak e A Ohio----- 97
95%
95%
□hto. Mllw. * St. Paul
96
95%
95%
56 .5-16
| l e n t . A R io Gr., pref.
Prop, reaers-e to UAfeUltle* ..p .c. « n - w
48
4=7hi
46
46*3
40
46
2
$
•3
3
j •trie, c o m m o n ..............
Basic rate . ... ......per cent,
15-%
15%
lUtj
15%
15%
15%
mm
10S5i
m it-w
37%
39 M
37%
37%
37
€ sa to ts. % a p e r c e n t , . . . . . . . . . . .
w iH 1 1st p referred ............
37
105% 104% 104% 104% 104%
$Q tt-UM.
+i»%n. 1 Illinois Central____ - 100
Surer..............................
f« W 175% 174*9 174 h
Lake Shore
............... 17 5 ^
174
U t a 4 n c .r * li * a * s r e t u r n * .
. . . U 8 ..^ 0 ,8 0 0 m»S3/,ooo 102,149,900 131,077.00°
5 9 .\
57*s
Louisville-& Nashville
57%
57%
50%
56%
* October 14. f October IS.
65%
66%
dextaao Central, 4s . 60%
r6%
06%
66%
15%
'to . Kan. & T ex., coin,
18%
13%
13
13%
13
The races for money have been as follows
110%
•I Y, Oeut'l <!r Hudson 112 H 111
no%
nt
111
<1. Y. Ontario A West'll 17H
17%
17%
17%
17*4
16%
Interm
aUov§4
Opm M/trku Hate*.
44
fortolk St West’ n, pref. 44 L
43*
13%
43 %
43%
for 4rm*u* t>%
521.J
53%
52%
lo, Pae. h ref,, tr. rents. MHi
52%
53%
5
’ M in a y Ivania ..............
trad* Bill*.
50%
5HS)
89%
Beak SOU.
ft«%
58%
NSVa
tHMC' a Hr ahUa.
Goru&m. s:
12
12%
A K«ad,, p»r ah., 12>s
11%
12%
11%
Join?
sonth'o
Railway,
com.
9%
10%
10*8
10
10%
10%
Sir
mot*
7 to *
four \ Sis J Three { Tour
Three
Preferred.....................
33%
31%
31%
3
1
%
30%
31%
Ox'.
Mmth* Month*' Month* j Months Month* Mrmth* Bank*.
T n lo n P u e b l a ------ . . .
23%
21%
22%
*17%
20
23ie
20
19%
Wabash, p re fe rre d ... . . 20**
19%
19%
18%
t* * »i
fM |
t
■IH
SH
%
Mow, t? *
1 ik
** 2i m swr t m 2*4-4-to
Ik
254
i
t
3
m
i
i
Out. i « *
SH
IK
m j sh
** §
3
m
m
m m 41 m
I
m
■WM
i
*H
M .15 a
2H m -* H m 1 a
* mu
iw 1 1
C o i n a g e b y U n it e d S t a t e s M in t s .— T he f o l l o w i n g s ta te ­
m e n t, k in d ly fu r n is h e d u s by t h e D ir e c t o r o f th e M in t , s h o w s
T h e B a n k r a t e o f d in o o a n t a n d o p e n m a r k e t r a t e , a t t h e th e c o in a g e a t t h e m in ts o f t h e U n ite d S ta tes d u r in g th e m o n t h
c h i e f C o n t in e n t a l c i t i e s h a v e b e e n a . f o l l o w * :
j o f S e p te m b e r a n d f o r th e n in e m o n t h s o f 1897.

mu

r

(ffaiamecctaiaud i U%cci.tart.ea us ijcigg

R/iUg pf
hxtormt at
fwrt*..............
8*rtis„..........
Bambam .
t rmaJctoft ,,
ikmMmrAmm
BnawM------Vt«aaa...... .
Madrid............

Qet IH

Oct. 2.

m i. #.

Sept

September.
Denominations.

Bank
Hate
«
&
S
*
a
a
*
0
%
5

Open Bank
Market tm *.

Open Bank
Starke* flat*.

%
1
«w
04
*
%
m

t
*
4
i

m
m
m
SH
m

3

2

4

5

a
6
8

Wa
&
4
%

i
&

t
4
4
4
8
>
4
6
8
h

Oven Bank
Mark*? Hate,
%
3*
*
m
*
1
m
i
*u
t
a

4

4

s

a
8
8

4
5

1%
3%
:<H
m
m
2
4
»
*

B*r ttola. tint,___0*
« » r gold, parwuk.ox
SpanUb. o ld ........ otS e w ,, .............0*.
If ,8. gold c o in .. 0*.
Germ 'n k oid coln or.
Krenrh gold coin .01.

OH.
14.

#. d, »
7711*4 77
77 u % 77
76 0 % 70
76 1% 76
76 5% 76
76 3% 76
70 3 h 76

d
10%
n% ;
0%
1%
5%
3%
3%

In .rte r eagles----->0 la r e .............

18

45

Total v o i d . ...-----

619,241

8,762,375

100,050
0« 0,050
1.92».UfrO
1,4 8c, 050

100,050
320,* 25
432.1 J3
148,005

4,148,200

1,050.093

8,690,20*
4,747,i-00

184,510
4 7 ,4 .2

fiv e cents.............
Total m inor_____
To Will nntn*F8

8.437,400

231,982

13,204,841

10,044,450

m ine.

10,647

26,617
........

4,016,209 65,017,842
8 ,9 2 ’ ,401
2, 24,301
0,llto.21e
6 ,.7 i,7 78

8,927,401
1,012.150
1,»> 8 ,805
017,178

23.318,69b 12,105,584
13,-69,861
2t(,322,493

688,494.
293,225

43.092,374

981,719

71,029,281 78,105,095

B o n d s H e l d b y N a t i o n a l B a n k s — T h e f o l l o w i n g in t e r e s t
n g s t a t e m e n t fu r n is h e d b y t h e C o m p r o lle r o f t h e C u r r e n c y
h o w s t h e a m o u n t o f e a c h c la s s o f b o n d t h e ld a g a in s t n a tio n a l
b a n k c ir c u la t io n a n d t o s e c u r e p u b l i c m o n e y s in n a t io n a l
A b e l ! w r i t e a s f o l l o w s u n d e r d a t e o f ! b a n k d e p o s it o r ie s o n S e p te m b e r 30:

M essrs. P i x l e y &
O ct. 14 :
Gold.—Thors ha* heen Increased enquiry for tho Continent, and
higher p rice, are now obtainable than when we la*t wrote. The Bank
h a , sold £727,000. at ahleii £417.000 ha* gone to S e w York and
*2 0 0 ,0 0 0 to the Continent. A rriv a ls: Cape Tow n. * 1 9 3 .0 0 0 ; Austra­
lia. £ 2 9 ,0 0 0 ; River Plato, * 1 7 ,0 0 0 ; West Indies, *34,000. Total,
#273,000. Shipments: Bombay. * 2 8 ,5 0 0 ; Calcutta, * 2 ,5 0 0 ; S ow
Y ork, *60 *,000 . Total. *636,000.
Silver.—Tho whole week has been marked b y great steadiness, partly
earned oy scarcity and partly by special orders. The Indian price is
Its. 69% per TOO Tolahtt. A rrivals: New York. *1 4 7 ,0 0 0 ; Australia,
* 1 0 ,0 0 0 ; W e t Indies, * 3 0 .0 ' 0. Total, *198.000. Shipments : Bomba r. *3 1 ,3 5 0 ; Calcutta, * 30 .000 T otal, *11 1.85 0
Me tic iti Dollars,—These coin have depended for price o n the silver
quotation. Very few dealings have taken place. Shipments: Penang,
* 7 0 ,4 0 0 ; H ong Kong, *18.274. T otal, * s 8 ,674.
T h e f o l l o w i n g s h o w s t h e i m p o r t s o f c e r e a l p r o d u c e in t o
K i n g d o m d u r i n g t h e first s ix w e e k s o f th e n e w
season c o m p a r e d w it h p r e v io u s se a so n s :
IMPORTS.
1894.
1895.
1997,
1896.
9,519.491
9,626,700
0,463,730
1 m porta o f wheat,ewt. 6,100,000
3,811,682
3,541,730
2 ,7 i5 ,t2 0
B arley........................ 2,73 6,4 15
1,921,915
1,643,740
1,801,650
O a t s ............................. 2,075.920
207,964
282.900
349.995
373.840
578,049
»04,8u0
S e a n s ...,___
373,320
4*2,400
3 ,0 41.3 )7
5,207,600
8,192,890
radian c o m .,
7,109,300
2,492,340
2,402,220
2,439,390
1,737,400
F lo o r ............
S u p p lie s a v a ila b le f o r c o n s u m p t io n ( e x c l u s i v e o f s t o c k s o n
S e p t e m b e r 11:
1807.
1896.
1895.
1894.
6,461,730
9,626.700 9.510,491
W h e a t im ported, c-wt. 6,1 60,0(0
2.40 1,220
2,192,340
Im ports o f floar.____ 1,7*7.400 2,4.19,310
3,487,9,47
1.013,816
2,403,307
Sales o f hom e-grow n. 4,300,127
t h e U n it e d

....... 12,197,727 12,361,077 13,972,736 14.475,138
1894
1897.
1896.
1895.
18s. 2d.
A ver.pries wheat, week,324. Id .
26*. 7d.
24s. 3d.
208.
2d
A verage price, season..33s. 4d.
24*. 8d
2.18. 2d.
T h e f o l l o w i n g s h o w s t h e (jttau t.ities o f w h e a t , flo u r a n d
m a iz e a flo a t t o t h e U n it e d K i n g d o m ;
1895.
Thit week. T ati weak.
1896.
1,734,000
Wheat........ . . . . a n . . . 1,575,000
l.i.iO.-OO
1.879,000
279.000
Flour, equal to qrs. . 230.000
210.000
266.000
608.000
Malrs
........ qrs. . 460,000
030,000
1,120,000
T o ta l,..

*
2,418,484 48.309,680
1 ,' 5,231 11.362,310
1,053 847 5,269,235

290.011
203 210
60.0U2

Total silver___ . . .

Grf. 1 Oet.
It. 1 7'
d I d.
Bar silver, fin e., or 26% 26
Bar ellver.ooti tain'*
do a gra. g o ld .o r 27*4 26*9
do 4 ifr«, fo ld or 2 7 L « 2(5%,,
do 3 ire . g o ld .o r. 26% 20%
(lake eliver . . . or
M exican dollar* or 26
125%

Pieces.

Jonbie eagles.......
tables......................
la lf eaKliv.............

quarter dollars------

OcL j
SltVKB,
7, j London Standard

■Vin t Months 1897.

Value.
S
5,800,220
2,632,(00
330,016

uandard dollars..

T h e q u o t a t i o n * f o r b u l l i o n a r e r e p o r t e d as f o l l o w s :

Go ld .
London Standard.

Pieces.

Open
Market

V. B Bonds Bela Sept. 30 ,169 7, Hi Beeure—

j
inscription o f Bonds
|
■rirretioy 6s, P a o .B R ...
• p e rcr ots, 1894 ..........
j
, t per ow., fnnded 1907..
4 per oents, 1895 ..........
* per ots., funded 1 8 9 1 ..
Total.

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

Public Deposits
in Banks.

jtsanfc
Circulation.
*9.656,000
15,870,650
150,194,000
31.568.150
22.159.150

*375,000
635.000
12,220,000
2,530,000
1,285,500
$17,04\500

total Held.
*9,931,000
16.505.650
162,114,600
34,0 9 c,150
23.444.650

*24 9,348,550 *246,394,050

C h a n g e s in L e g a l T e n d e r s a n d N a t i o n a l B a n k N o t e s t o
O c t . 1.— T n e C o m p t r o lle r o f th e C u r r e n c y has fu r n is h e d n s
t h e f o l l o w i n g , s h o w in g t h e a m o u ' ts o f n a tio n a l b a n k n o t e s
S e p t. 1, t o g e t h e r w it h t h e a u io u t s o u t s t a n d in g O c t. 1, a n d
th e in c r e a s e o r d e c r e a s e d u r in g t h e m o n t h ; a b o th e c h a n g e s
in le g a l te n d e r s h e ld f o r t h e r e d e m p t io n o f B a n k n o t e s u p t o
O c t . 1.
.1annual Bank io n s —
l inmint ontstandlnji Sept. X. 1897.
*230,508,524
$1,161,205
Amount Issued dnrink Septem ber..
944,288
210,907
Amount retired during Septem ber..
Am ount outstanding Oct. 1, 1897*
Legal Tender Notes—
Amount, on deposit t.o redeem national bank
notes 8cpt, 1 ,1 8 9 7 .........
..........
Amount deposited durinv Septem ber. ...
Am't reissued and bank notes reared In Sept

*230.725,491

$1,312,400
944,238

$24,752,548
368,102

Amount on d eposit to redeem national
bonk notes Pet. 1. 1407____
_________*2 5 ,120,710
*C i r o n l , n Null,mill told Hunks, mu m -lnded In above *8 5 ,0 7 0 .
A c c o r d i n g t o t h e a b o v e th e a m o u n t o f le g a l t e n d e r s o n d e ­
p o s it O c t. 1 w it h t h e T r e a s u r e r o f th e U n it e d S ta te s t o r e ­
d eem m tiona.1 b a n k n o t e s w a s $35,120,710. T h e p o r t io n o f
t h is d e p o s it m a d e ( ) b y b a n k s b e e m in g in s o lv e n t , (2 ) b y
b a n k s g o in g i n t o v o lu n t a r y liq u id a t io n , a n d (3 ) b y b a n k s r e ­
d u c in g o r r e t ir in g th e ir c ir c u la t io n , w a s as f o l l o w s o n t h e
fir s t o f e a c h o f th e la s t fiv e m o n t h s '

THE CHRONICLE.

810
Deposits by—

Oct. 1.

Sept. l.

June 1.

July ..

Aug. 1.

*
1,344,479
4.853,243

$
1,394,962
5,216,306

$
1,316,432
5,285.606

$
1,339,810
5,323,766

$
1,359,560
5,311,061

nsolv'ntbka,
Liqnld'g bus.
Bed’oV und.
* o t o f l8 7 4 ‘ 18,448,049 18,054,761 17,657,942 18,081,927 18,457,134

The imports and exports of gold and silver for the nine
months have been as follows :
G o ld M o v e m e n t a t n e w Yo r k .
Mo n t h .

following are
the imports at New York for the week ending for dry goods
October 21 and for the week ending for general mer­
chandise October 22 also totals since the beginning of the
first week in January.
FORHIGN IMPORTS AT NEW YO RK .

F or toefk.

1897.

1896.

1894.

1895.

$1,774,833
6,728,184

$1,551,746
0,646,272

$2,305,360
8,071,608

$1,569,436
6,075,867

$8,503,017
T o t a l........
Since Jan. 1.
Dry g oods....... $105,258,842
Gen'l mer’dlse 298.182,491

$8,198,018

$10,376,968

$7,645,303

D ry g oods.......
Gen’ l mer’dise

1896.

1897.
J a n u a ry .. .
F eb ru ary..
M a r c h .........
A p ril............
M ay..............
J u n e ............
July............
A u g u s t .......
S e p te m b e r .
T o t a l . ..

1897.

t
$
7,217,055
201,329
280,102
9.792.4V0
280.107
600,351
700,757
299,634
307.050
222.988
339,826
378,885
230,916359,947
1*884,354
3,560,080
383,450 30,735.333
4,599,080

S i l v e r - N e w Yo r k .

Exports.

Imports.

T otal....... 24,650,771 24,666,029 24,259,980 24,752,548 25,120,710
* A ct o June 20. 1874, and July 12, 1882.
I m p o s t s a n d E x p o r t s f o r t h e W e e k .— The

[V ol . LX V

1896.

*
t
302,281 10,633.473
823,131
1,909,180
507.587
304,005
0,567,602
3,272,077
9,453,197 18,685,454
7,313,263
5,875.013
4.551.13.*
8,998,376
790,670
50,590
84,135
47,805

53.2S2,«4S 29,893,001 49,742.733

Imports

Exports.

1897.

1897.

i
956,934
800,531
845,45
928,194
1,074,185
1,618,054
1,064,900
1,205,472
1,050,304

f
8,421,002
3,762,206
4,233,532
4,450,528
3,685,332
4.S09.837
3,812,015
4,311,326
3,324,961

10,044,5:9 35,331,395

—The Duluth & Iron Range RR. reports earnings for Sep­
tember, $357,249, as against $170,771 for the corresponding
month last year. For the nine months, Jan. 1 to Sept. 30,
$91,157,993 $120,522,704 $71,375,893 the figures are $2,227,589 as against $1,789,262 same period in
271,686,791 301,842,186 277,660,037
1896.
Total 42 weeks $403,441,333 $362,844,784 $422,364,890 $349,035,930
—The Exploration Syndicate of New York has declared a
Toe imports of dry goods for one week later will be found dividend of $2 50 per share, payable Nov. 1st. Tois Syndi­
cate, in addition to its Alaska interests, also operates, we are
in our report of the dry goods trade.
The following is a statement of the exports (exclusive of informed, mines in Mexico and Caoada and one in Colorado.
specie) from the port of New York to foreign ports for the
week ending October 25 and from January 1 to date :
City Railroad Securities.—Brokers’ Quotations.
EXPORTS PROM NEW TORK FOR TUB WEEK.
A sk .

B id.

1896.

1897.

1895.

1894.

$6,559,028
267,639,038

$5,295,320
287,939,489

....

F or the w eek..
F tev . reported

$10,105,039
325,450,929

$9,010,417
301,324,044

T otal 42 weeks $335,561,968 $309,364,461 $274,198,066 *293,234,809

The following table shows the exports and imports ol
specie at ths port of New York for the week ending Octo­
ber 23 and since January 1, 1897, and for the corresponding
periods in 1S96 and 1895.
EXPORTS AND IMPORTS OF SPECIE AT NEW YO RK .

Exports.
Oold.

Week.

Since J a n .1.

G erm any............... .
5,000
A ll other countries.
Total 1897........
Total 1896........
Total 1995........
Silver.

Imports.
IFeefc.

$979,660
15,477,473
11,780,000
539,382
2,030
185,937
750,410

82,0:56
5,689
22,454

$5,000 $29,714,922
16,000 50,992,282
20.000 70.912.569
Exports.
Week.

Since Jan. 1.

$2,952,632
1,500,000

$3,550,029
2,500,000
2,143,153
3,388,989
796,298
491,894

$1,562,941 $13,015,701
5,787,042 69,871,610
188,0.55 24,933,331
Imports.

Since Jan. 1.

Week.

Great B ritain..........
F rance..... ................
German v .................
West Indies..............
M e x ic o .....................
South A m erica.......
A ll other countries.

$916,703 $36,807,028.
638,000
5,750
323,155
5,125
161,701
3,325

Total 1897.
Total 1896.
Total 1895.

$910,703 $37,944,084
847,886 43,078,610
658,304 30,865,9571

Since Jan. 1

$64,661
25.325
6,250
$90,236
21,615
35,273

$52,100
2,306
2,321
378,743
1,149,106
778,793
41,707
$2,405,076
2,468,557
1.535,800

— Attention is directed to the list of bonds advertised by
Messrs. Redmond, Kerr & Co. for November investment®
The advertisement will be found on page viii.
— Coupons and dividends payable at the office of the
Farmers'Loan & Trust Company on and after November 1
are advertised on another page.
— Mr. Acosta Nichols becomes a member of the firm of
Spencer Trask & Company on November l.J
F o r e io n T r a d e o f N e w Y o r k — M o n t h l y S t a t e m e n t —In
addition to the other tables given in this department made
up from weekly returns, we give the following figures for
the full months, also issued by our New York Custom House
The first statement covers the total imports and exports of
merchandise and the Customs receipts for the nine months
of the last two seasons.
M e r c h a n d is e Movement a t New Y o r k .

MONTH

Imports.
1897.

1
January.... s i.m .n e
February. . 39,974,041
March........ 40,878,300
April......... 59.939.2jfc'
May.......... 43,051,475
Juno.......... 49,074,^12
July.......... 33.400.976
August...... 26.541,439
September.. 23,431,443

Exports.

1890.

I
40,981,021
42.285.571
37,918.059
36.638,091
30,567,361
33.264.119
32,294,914
32,019,397

1897.

*

|

88,4(17,004'
30.818,791
81,532.490
31,412,3081
31,859,86;
33.792.9P8
31.l42.S0i]
31,346,828
37,4 '7.8;o|

ISW).
*

33,801,743
27,877,902
30,003,810
29,P29.8:i2
29,862,018
80,832.091
30,830,037
28,060,172
80,490,106

C ustoms R e ceipts ,
a t Ne w Y o r k .
1897.

189b.

*

f

7,705.400 10,424,076
8.869,780 10,077,443
17*579,033 9,320,014
17,71 l,3d5 7,584,037
0.092,276
7,300,059
14.728,789
7,213,322
12,299,574
8,259.048
5,202,728 8,450,700
6,800,542 7.021.220

Total... 300.009,713 130.384,042
29S.410.204l27I.18I.709 98,020,079 76,310,584

A tla n . A v e ., B ’k ly n —
C o n .5 s , g., 1931 ..A & O
Im p t. f>s, g., 1 9 3 4 .J & J
B l’ ecK. S t .& F u l F .—Stk .
l8 t m o r \ ,7 s , 1900. J & J
B ’ w a y & 7 th A v e .—S t o c k
ls t m o r t .,5 s , 1 9 0 4 .J & D
2 d m o rt., 5 h, 1 9 1 4 .J & J
B ’ w ay 1st, 5*.gn ar. 1924
2d 5s. int. as r e n t’ l . 1905
C on sol. 5s, 1 9 4 3 ...J & J
M e t. S t.R y . g e n . 5s, ’ 97
B r o o k ly n C itv — S t o c k ...
C on sol, os, 1 9 4 1 .. J & J
B k ly n .C r o s s t’ n 5s. 1908
B k l’ n Q ’ n s C o .& S u b .ls t
B k l’n C.& N e w t ’ w n —S tk
5s, 1 9 3 9 ...................
B r o o k ly n R a p id T ra n sit.
5s, 1 9 4 5 .................. A & O
C entral C ro s s to w n —Stk .
1st M ., 6.s, 1 9 2 2 ..M & N
C en . P k .N .A E .I tiv .—s t k
C on sol. 7s, 1 9 0 2 ...J& D
C o lu m b u s & 9th A v e . 5s.
C h rist’ p ’r A 10th St.—S tk
1st m ort., 1 8 9 8 .. . A & O
§ A n d a c c r u e d in te re s t.

D. D. JE. B . & B a t’ y —Stk.
103
1st, g o ld , 5s, 1 9 3 2 .. J & J
S c r i p ........... ...................
80
33
E ig h th A v e n u e — S t o c k ..
S crip , 6s, 1 9 1 4 .................
106*2
205
42d & G r. s t . F e .—S t o c k
110
42d St. M an. & St. N . A t ,
1st m ort. 6 8 ,1 9 1 0 .M & S
112%
118
2 d m ort. in c o m e 6 s . J & J
108
K in g s Co. T r a c .—S t o c k ..
121
L ex. A v e .& P a v .F e r r y 5s
M e tro p o lita n St. R y .-S t k
194
N assau E le c , 5s, 1 9 4 4 ...
116
N .Y .& Q u e e n s C o.5 s,1 9 4 6
108
S te in w a y ls t 6s.’ 22 J & J
103LJ N in th A v e n u e —S t o c k . ..
S e co n d A v e n u e —S t o c k ..
116
1st m o r t.,5 s ,1 90 9.M & N
33*4
D e b e n tu re 5 s ,1 9 0 9 .J & J
89% S ix th A v e n u e —S t o c k ___
T h ird A v e n u e —S t o c k . . .
122
1st m o rt..5 s, 1 9 3 7 ..J & J
178
T w e n ty -T h ir d S t.—S to c k
117
D eb. 5s, 1 9 0 3 ....................
119*2 U nion R y —S t o c k ...........
160
........
1st 5s, 1 9 4 2 .
104
W est.ch est’ r, 1st. g u ..5 s

5100
77
31
5105
202
106
HU
§117
§104
12*»
110
192
114
108
1 "2
100
113
33

.

198
§118
173
113
155
102

B id.

A sk .

114
§100
320
100
320
39
§116
70
41
119
10 %
96

116
102
335
105
340
40
117
75
43
119%
101
96%

114
18 o
120
108
102
19o
147%
121
300
103
106
§107
§ in n

116
200
130
109
105
200
148
123
108

Glas Securities.—Brokers’ Quotations.
G A S C O M P A N IE S .

B id.

B ’ k ly n U n io n G as—S tock . 121%
113%
205
C o n s u m e rs ’ (J e r s e y C it y ). 72
B o n d s .................... .......... 10134
J e r s e y C ity & H o b o k e n ... 185
M e tro p o lita n —B o n d s......... 105
M u tu a l (N . Y.) .................. 330
N . Y. & East R iv . 1st 5s.. 111
P r e f e r r e d ........................... 106
83
C o n so l. 5 s ......................... 105

A sk .

G A S C O M P A N IE S .

123

P e o p le ’ s (J e r s e y C ity ; —

77
102*2
195
350
112
110
87
106%

B d. A s k
160

170

290
B on d s, 68, 1899 ............... 103
45
B on d s, 5 s.............................
79
150
139

105
50
82
142

101

103

Auction Sales.—Among other securities the following, not
regularly dealt in at the Board, were recently sold at auction
By Messrs. R. Y. Harnett & Co :
Shares.
10 Im porters’ & Traders’
Nat. Bank ..................... 529%
25 Toledo & Wabash E leva­
tor C o.............................
6

Shares.
10 Real Est. Exoli. & A uct.
Room, L im ...................... 70
4 Yale & Tow ne Mfg. C o .. 61

By Messrs. Adrian H. Muller & Son :
33
15
5
1
5
5
24
10
20
6
10
370

S h a res.
65 Kings Co. Trust C o......... 281
Mercli. Nat. Bank. 146 %-l 47%
4 Gallatin Nat. B an k ......... 311%
Eagle Firfe Ins. C o..........250%
61 Nat. Bk o f C om ...208% -211%
Consol. Rock Plaster Co.$6 lot
49 Bk. of N. Y ., N. B. A.237%-241
Memb. N. Y. Prod. Exch.
3 Bank o f A m e r ic a .............347
(all dues paid)............... $200
80 M echanics’ Nat. B a n k ...1 9 0 %
N. Y. Life Ins. <fcTr. Co.. 1147
47 East River Nat. B a n k ... 135
M ercantile Trust C o....... 447
Bonds.
Franklin Nat. Bank....... 50
$2,000 Gin. Ham. & D ay. RR.
Nat. Park Bank................265
Co. 7s, 1905. A&O.............. 120
Amer. Surety C o..................183 % $1,000 42d St. Manh. & St.
Phenix Ins.Co. o f B’klyn.175%
Nicli. A ve. RR. 1st 6s, 1910.
Corn E xch. B an k........... 295%
Coupons Mar. and Sept___ 117%
Yonkers Gas Light Co. ..1 5 0

R a n k in g

a n d

i f iu a u c ia l

Spencer Trask & Co.,
BANKERS
2 7 * 2 9 P IN K S T R E E T ,
.
.
.
65 Stale Street, Albany.
____________ I N V E S T M E N T

S E C U R I T I E S.

G e o r o 'h B a r c l a y M o f f a t .

M

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

& W
BANKERS,

o f f a t

N o. I N A SSA U S T R E E T ,
IN V E S T M E N T

NEW Y O R K .

.

.

h i t e
.

,

NEW YO R K

S E C U R IT IE S

THE CHKON1CLE.

OCTOBER 30, 1887,J

jBaukcvs* (Saaette.
R a i l r o a d s (S I P a m .)
Kansas C ity Suburban B e lt........
K.C.St. L. it Chic. pf. gmtr.f<iuar. i
Puwm irg V irginia A Charleston.
Sudbury D arieion A; W ilkesb___
B ank*.
Fourteenth S tre e t..........................
G reen w ich .......................................
L incoln National (quar.)..............
N assau............................................)
National C ity .................... ............
T r u s t ( 'o m p s a l c t .
Centra! iW-monthly).....................
Farmers' Loan ,tj Trust (qnar.l..!
**
“
"
(extra)
K ings County, B rooklyn (quar.)
t lla r i’lla n c o u t .
M unicipal G a-, Albany, N.Y.fqr.)
New E ng. Telep. A Tt-leg. tqnar.i
F ennsylvaola Coal (guar.)..........
P eople's Gas-Light & C oke..........
United State* Express............ . i

Books dosed.
(B a ys inclusive.)
1
1%
tiJ-jf
5

Deo.
1 -----------to ------------Nov.
1,-----------t o ------------ Nov. ■ 11----------- to ----------Nov.
1!-----------to -------------

3
3
3
4

Nov.
iKor,
NOV.
Nov.
NOV.

5
5

5 \
i »

*>
i%
4
1%
1%

Posted rates of le a d i n g bankers fo llo w :
October 29.

D IV 1 D E S D S ,
Name o f Company.

81 1

Sixty days.

Prime bankers' sterling bills on London
Prime com m ercial .....................................
Docum entary com m ercial.........................
Paris bankers’ ( f r a n c s )....... ...................
Amster dam (guilders) bankers................
Frankfort or Bremen (retch marks) b’kers

Demand.

4 83 ® 4 83% 4 86® 4 86%
4 81% ® 4 82
4 81% ® 4 81%
5 20%. ® 5 20% 5 1 8 i i,f)® 18%
40 ® 4 0 l,6
403le ® 40%
9 4 % ® 9 4 ii,8 955u ® 95%

The following were the rates o f domestic exchange on
New York at the under-mentioned cities to-day: Savannah,
buying 1-10 discount, selling par; Charleston, buying 1-16
J ----------- t o ---------1 Oct. 2*2 to Nov. 1 discount, selling 1-16 premium; New Orleans, bank, par,
1 Oct. 28 to Oet. 31 commercial, 75c. discount; Chicago, 15c. per §1,000 discount;
1 O c t 28 to Nov. 1 St. Louis, par.
1 Oct. 27 to Oot. 31

United States Bonds.—Government bonds firm, and new
high quotations have been made. Sales at the Board include
§130,000 4s, coup., 1925 at 128 to 12844 ; §125,000 4s, reg.,
P'25 at 127>s to 127J7; §5,000 4s, coup., 1907, at 113%, and
§10,000 os,coup., at 115%, The following are the closing quo­
1 Oct. 26 to Nov. 1
K ey.
Nov. IS Nov. 1 to Nov. 14 tations :
Nov*.
Nov.
Nov.

1;-----------tO ------------1 Oct. 21 to Nov. 2
1 Oet. 24 to Nov. 2

Nov.
Nov.
N ot .

ljOut. 22 to Nov. 2
24 Oct. 16 to Nov. 25
18 N ov. 2 to Nov. 15

W A L L S T R E E T , F R I D A Y , O C T . 2 9 , 1 S 9 7 - 3 P . St.

Interest
Periods.

Oet.
23.

Oct.
25.

Oct.
26.

Oct.
27.

Oct.
28.

Oct.
29.

2s.........................reg. Q .- Mch. * 99 * 99 * 99 * 99 * 99 * 99.TB
4 8 ,1 9 0 7 ............ reg. Q .-J a n . ’ 112% *112% *112% *112% *112% *112%

The Money Market and Financial Situation.—Interest 4s, 1907.......... coup.
*1134l 113% *113% *113% *113% 113%
.-F e b . *126% •126% 127% *127 *127
127%
in the diplomatic correspondence between the United States 4s. 1 9 2 5 ______reg. Q
Is, 1025......... coup. Q .-F e b . 128 *127% 128% 128% 128% 127%
and Spain regarding Cuban affairs, uncertainty as to prog­ 5s. 1004 . . . . . . . . r e g . C ,-F e b . '1 1 1 % *314% *114% *114% *114% *114%
5*, 1904.......... coup. t .-F e b , 115% *115% 115% *115% *115% *115%
ress in reorganizing the Union Pacific Railway and the 0a.
ctiFvy. ’ 9 8 .. .reg. J. & J. *102% *10*2% *102% *102% *102% *102%
local political situation have each had an influence in re­ 6s, 0111- 07, '9 9 .. .re g ..J. * J. *106 *106 *106 *106 *W 0 *106
4s, (C h er.il898.reg. Starch. *102% *103 *103 *103 *103 *103
stricting the volume of business this week in Wall Street.
4e, (Cher.118 9 9 .reg,; March. *102% *103 *103 *103 *103 *103
As a consequence speculative securities of uncertain value
-T ill* is Uni prloe t)!il at the m ornlug board ; no suit, was made.
have declined, but high-grade railway securities have been
United States Sab-Treasury,—The following table shows
little, if any, affected, and some issues of Government bonds the daily receipts and payments at the Sub-Treasury :
have advanced to the highest quotations yet recorded.
Balances
There is in fact no change In the general situation o f suf- Date.
Payments.
Receipts,
Coin.
JVtna Oei Vs Currency.
fieent importance to cause any material decline of prices.
8
Latest advices from Washington are to the effect that there Oot. 23 1,689,479
3,248.968 148,966,1941
667,981 48,003,609
- 25
is nothing new in our relations with Spain, and as objec­
3,567,062 148,505,754
807,755 48,893,211
3,235,998
** 26
3,099.689 147,892.093:
858,884 48,549,967
2,793,913
tions have been removed the sale of the Union Pacific will
>• 27
2,684,073
3,091,209 148,072.192:
606,436 48,215,090
2,588,484
2,177.472 147,710,877
837,000 48,457,354
*• 28
doubtless take place next week. At the same time the re­
•* 29
2,120,457
2,813,288 147,710,925
483,949 48,084,076
sult of the political contest to New York will be determined,
although the sudden death this morning of one of the can­ T ota l.. 15.116,404 18,927,728
didates for Mayor makes the result, at this writing, more
Coins.—Following are the current quo tations in gold for
uncertain.
coins :
Fine Silver b a rs.. — 59 » — 60
The foreign exchange market, which was firm during the Sovereigns........... §4 84 *$ 4 88
Five fran cs...........— 93 a — 96
i Napoleons............ 3 83 it 3 88
early part o f the week, has become easier towards the close. X X Reichmarka. 4 74 a 4 78
M exican d ollars.. — 4 5% ® — 4 7
Peruvian sols___ — 41 a — 44
25 Peseta*............ 4 78 '<* 4 81
Bills are being-absorbed by investors here and the efforts to I! Sean.
English s liv e r ... 4 80 ® 4 85
Doubloons.15 50 a 15 70
U. 3. trade dollars - 6 0 9
70
prevent the transmission o f gold in settlement o f our trade Mex. Doubloon*. 15 50 <*15 70
Flue gold b a rs... par ® % prom.
balance with Europe continue to lie successful. The money
Slate and Railroad Bonds.—Sales of State bonds at the
market is growing easier, due in part to the return of cur­
Board are limited to §6,000 Virginia fund, debt 2-8s of 1991
rency from the interior.
at 66 to 68.
The open market rates for call loans on the Stock Ex­
The market for railway bonds Has been dull and narrow.
change daring the week on stock and bond collaterals have Daily transactions at the Stock Exchange have averaged
ranged from 11, t,> 3f| percent. To-day’s rates on call were less than §1,500,000, par value, and a large percentage of this
amount lias been in a few issues. Changes in the active list
l j f to 8J-* per cent. Prime commercial paper is quoted at are generally to lower quotations, but in only a few cases is
8*.i to •!', per cent.
|the loss more than fractional. The most conspicuous excep­
The Bank of England weekly statement on Thursday tion is K a n s a s Pacific 1st con. 6s, which have declined about
showed on increase in bullion o f £72,302 and the percentage 10 points on the prospect that the Kansas Pacific will not be
of reserve to liabilities was 47*63 against 48*80 last week; the j Included in the reorganization proceedings how pending.
discount rate remains unchanged at 8 per cent. The Bank |The active list includes Atchison, Central of Georgia, Chesa­
of France shows a decrease o f 1,050,000 francs in gold and peake & Ohio, Burlington & Quincy, Rock Island, Chicago
Terminal. Erie, Kansas Pacific, Missouri Kansas & Texas,
675.000 francs in silver.
The New York City Clearing-House banks in their state­ Northern Pacific, Oregon Improvement, Oregon Short Line,
ment of Oot. 83 showed an increase in the reserve held of Reading, Texas & Pacific, Union Pacific, Union Pacific
$8,636,600 and a surplus over the required reserve of $32,- Denver & Gulf and Wabash bonds.
904,700. against $14,614,500 the previous week.
Railroad and Miscellaneous Stocks.—In the absence o f
aggressive buying the market for stocks lias been generally
weak and depressed, with a large proportion of the business
1897.
DijTercn**/r*m f
1895.
1890.
i
Oet 23,
t r e t . week. ! Oct 24. i Oct. 26.
confined to a few issues. Union Pacific lias been most con­
spicuous, the daily sales averaging nearly 50,000 shares, while
$
:
$
♦
$
Oaf-lfai................ - 59,022.700
................
; 60,622,700 62,622,700 the total average has been less than 295,006 shares. Under
fSarpl o#,. . . . . .
...............
74,440,tOO
73,590,200; 72.863,700 the different phases of the foreclosure situation Union Pacific
*k rtlse’nta 562.t70.4oO Deo.6,641.600 450,110,500 502.492,800 declined to *31 ■3 on Monday, a loss of 5 points, sold at 24% on
Circa! alto n — . . . 15,979.900 In c. 104,200 20,510,600 14,050,300
Net d ep osits,.. ,, 617.U! .gnu (n o J . 385,000 118,4*2,800:530,653,200 Tuesday and closes at 23.
___ 10U,756,300 t o e .5,869,600 60.232,300; 03,151,700
Specie
The entire market was heavy under the lead of Union Pa­
Legal len d ers.. . . 76,514,700 Die .2,767,000 06,849,300; 80,201,300 cific, and the bears took advantage of the situation to depress
B e s ifW l**ML - -.. 177,271,000 t o e .8,636,600 127,081,000 140,353,000 quotations, but failed to bring out any considerable amount
Legal
154,366,300 t o o . 340.400 112,120,700 132,063,300 of long stock. The anthracite shares were notably weak on
Surplus r m e tr e 22,904,700 I n c .8,290,200 14.960,000; 16.689,700 reports-of unsatisfactory conditions in the coal trade. New
York Central declined over 2 points on liberal sales, about oneForeign Exchange,—The market for foreign exchange half of which it has regained. Nor. hern Pacific securities,
was firm daring the early part of the week on a fairly good both bonds and stocks, were relatively strong, having only
demand from remitters and investors. It became easier on fractionally declined, while the active railroad list shows a
Wednesday when the supply increased and the easier tone loss averaging between 1 and 2 points.
has continued.
Of the miscellaneous list Chicago Gas has been a prominent
To-day's actual rates o f exchange were as follows: Bank­ feature and advanced on reports that the control of compet­
ers' *i sty day*' sterling, 4 82?.£ig4 83}£; demand, 4
ing companies bad been secured in its interest. Consolidated
4 851 i j cables, t 85;:£@ i 88; prime commercial, sixty days, Gas has declined 11 points. Pacific Mail lost ?>% points on
its report of September earnings, which was disappointing,
H3; documentary commercial, sixty days, 4
American Sugar haa declined nearly 3 points.

TH E

e\ 2

C H R O N IC L E

[V o l . LX Y ,

NEW YORK STOCK EXCHANGE—ACTIVE STOCKS fo r week ending OCT. 2!>, and since JAN. 1, 180T,
HIGH EST A N D LOWEST PRIDES.
Baturday,
Oct. 23

Monday,
Oct. 25.

Tuesday,
Oct. 26.

Wednesday,
Oot. 27.

Thursday,
Oct. 28.

Friday,
Oct. 29.

STOCKS.

Sales o f
Range fo r year 1897.
tho
[On basis o f 100-share lots.

Week,----------------------------------

Shares.

Lowest.

Highest.

A c tiv e R K . S to ck s .
A toliison Topelta & Santa Fe <>?’ ? ? »
13
13%
13%s 13%
1338 13%
1338 13°«
9% A pr. It 17 Sept. 18
283)
Do
prei
28%
24,475 17 Apr, 11 35% Sept. 8
28%
28
*8
29%
2H7.
2938 2a»«
28 7s 28%
B altim ore & Ohio.................
2.775
9 July li
14
14% *13% 14
13% 14
13% 14
21% Sept. 20
Brooklyn Rapid T ransit.......
32% 33
32% 32%
33
33% §33% 33%
?,1 2 5 18% Jan. ' 37 Sept. 13
Canadian Paoiilo...................
78% 78%
1 ,. Jo 40% Mar. 29 81% Oct. 14
80% 80% *79% 80% 78% 79
Canada Southern__________
54 % 54%
54% 55%
56
56
54% 55%
1.430 44% Jan. 1
62% Sept. 16
Central o f New Jersey______
8,500 68% May 2*4 103% Jan. 19
90% 91 %
92
92% 94%
93%
92 7e 93%
60
Central
Paolho........................
*15%
16%
>17
17% *10
17
17
*16%
7% Apr. 2< 18 Sept. 28
18,010 15% Mar. 2i 27% Aug. 30
21
21% 22
Chesapeake & O hio................
21%
21% 21%
21% 22%
Chioago A A lto n .....................
76 §147 July 21 §170 Mar. 1
§162 162
*160
*160
*160
Chicago Burlington & Quinoj 161,975 6938 Jan.
93% 951% 93% 95
92% 94%
93% 94%
102% Sept. 20
100 1-7% J uiie
Chicago A Eastern Illin o is ..
59
*53
59
55
*54% 59
*51
55
61 Sept. 8
20 § 95 J an. t- 105 Sept. 14
Do
prei
96
*95
*94
98
98
>96% 96% *90
Chicago Great W estern ........ 27,60
147g 15%
15
14% 15%
1530 15
153)
3%. June 23 20% Aug. 12
1,470
Ohio. Indianapolis & Louisv.
*9
10
9%
83)
9%
9
9%
9%
8 Oct. 29 13 Aug. 31
333 26% July 3o 38% Sept. 1
§30
30
Do
pref.
30
*30
*30
30%
32
32
92% 93%
Chioago M ilwaukee A St. Pa u 133,519 69% Apr. 1 102 Sept. 15
917e 93%
923$ 9330 92% 94
782 130% May t 146 Sept. 4
Do
prei
§140 140% 140 140 >139 139 §139 139%
8,455 101% Apr. li 132% Sept. 15
Chioago A N orth w estern ...
122 123% 122% 123
122 123
122 124
...... .....
715 153 Jan. 1*. 165% Sept. 22
Do
prei
163% 163% 1«3 103
§161% 16 J
85% 80%
85% 86% Chioago Rook Island APaelti, 42,020 60% Apr. 1> 97* Sept. 20
85% 867g 85% 80%
85*4 86%
9,305
Chioago
St.
Paul
Minn.
A
Cm.
79
78%
79
s*
.
80
78% 80%
78% 79%
79
79%
47 J an. i 89% Sept. 16
230 133% Jan. U 148 July 26
Do
p re i.
*140 145 *142 145
144 144 *140 145 §141 141 „
3,838 21% June 1 41% Sept. 15
34% 36
35
34% 35
34% 3 4 7g d o v e , cinoln. Ohio. A St. L..
35% 35%
35
Do
prei
63 June 16 86^ Sept. 8
3,705 99 °8 Apr. 1 123 Sept. 18
114% i n s , 114 1154) 112 114% •114 115% Delaware A H u d s o n .............
115 115
610 146% May 2< 164 Aug. 12
153 154 DelawareLaokawannaAWes!
154% 156
150 156
152 152
151 151
110
12
12
*11
124. *11% 12% *11
12% *11% 12% Denver A Bio G ran d e............
•4% Aug. 14
9% Apr. 2*
820 36 Apr. 2< 50% Aug. 16
Do
prei
45
45 ^
44% 4 l%
44% 44 4) 44% 44% _
45% 48%
E
r
ie
..................................
.
15
15 4,
3 ,0 ,5 11% Aur. 1
15*8 15
14% 14%
18
15
15
15%
19 Sept. 16
3,20i 27 Apr. 1
Do
1st prei
37
37
35% 36% 36% 36%
*36% 37
36% 37
46% Sept. 16
500 15% M ay 24 25% Aug. 12
Do
2d prei
20
20
19% 19% „
*19
20%
204s 20%
19% 19%
130 140 Great N orthern, p r e f .............
130 140
T 30 140 *130 140
130 140
120 Jan. 1* 141 Sept. 4
2,955 91% Apr. 1 110% Aug. 7
101 1013) 101% 102% 101 1 0 L% 102% 102% H lin olsC en tra l............... ......
101*4 101
350
*9
10
8%
8 % Iow a C entral...........................
9
9%
*9
9%
*9
9%
6 A pr. 1
13% Sept. 4
Do
oref
>31
31 „
3 6 23 June * 41% Sept. 4
33
33
*32% 33
*32
33
*32
36
400 13 May 1
18
18
*17
18
518
14
17% 17% *16% 18% L akeE rie A Western............
22% Sept. 18
Do
prei
'7 5
77
*72% 75 T
70
76
255 58% Apr.
*75
76%
75
75
79% Sept. 2 0
170 170 5170 170 5170 170 *170% 173 >170 170 Bake Shore A Mleh.Southern
211 152 Jan. i 181 Sept. 16
§42
42
■40
45 Bong Island........................
195 40 J u n e 1( 55 Jan. 8
*40
45
540
40
41
41
55
56 %
55
56
55% Bouisville A Nashville........... 34,91
54% 564) 54% 55% 55
40% Apr. 1
63% Sept. 3
100% 10238 101 1024) 100% 103% 100% 102
14,190 81% May ♦ 1 3 Sept. 10
101% 101% Manhattan Elevatea,consol.
§1003* 101% 101 101% 100% 101
814 994; Oct. 15 102% Oct. 9
101 M etropolitan S treet...............
100 100% l o t
103 1051* 105% 105% '103 106 *102% 105% >102% 102% Miohigan Central_____
506 90 Jan. 2- 111% Sept. 1 6
*25
27
"25
27
*24
26% *25
26% *24% 26% M inneapolis A S t-B ou lsi'.i.’ .
100 16 May l i 31% Sept. 16
•85% 87
*80
87
10 77% Mar. 1»* 90 Sept. 16
85
*85
87% •85
87% >85
Do
1st pref
553* 553* *55% 57
•54
56
‘ 65
56
300 46 Feb. 2b 62% Sept 16
Do
2d prei
‘ 55
57
13*4 13*\
13
13%
12% 13% 12% 12%
13
13% M lseourlKansas A T exas.......
4,695 10 Apr. Is 16% Sept. 16
32*4 33%
32% 33%
32
33%
31
31% 31% 32% „
13,075 24% A pr. 19 4 2 Sept. 15
B°
prei
29
30*4 29% 30% 29% 30%
29% 30% Missouri P aolflo............. ......
39,095 10 May 6 40% Sept. 7
29
30%
26
26
26
26
>27
27
*25% 27% M obile A O h io...................
*25
28
23.. 18 June
32 Aug. 19
107% 107% 107% 108% 107% 108
107 108
108 108% New York Central A Hudson 28,286 92% Feb. 1> 115% Sept. 16
M3
14 *4 13% 13% >13
*13% 14% New York Chioago A St.B oui.
13%
14
14
316 11 Feb. l i
17% Sept. 3
*73
76
73
76
•73
80
76% 77
■76
80
Do
1st pref.
600 67% Apr. I f 81% Sept. 4
'3 5
36*3 *35
364s >34% 34% *35
37
36% *35
2
Do
2d pref.
24 Feb. ll 43% Sept. 20
*180 183
179 182 *180 183 *180 186 *180 181% N ew Y ork N ew H av en A Hart.
160 Feb. i §186 Sept.20
16
157« 16%
16%
16% 16% New Y ork cn ta rlo A Western.
16% 16% 16
16%
5,002 1234 Apr. 1! 20% Sept. 16
1«% 16^ *16
17
17
17
•16% 17% New Y orkSusi). A W est.,new.
*16
17
1,200
6% M ay 2^ 20 Sept. 16
34% 34 % 34
34
*32% 34
34
34
32
33
Do
orel.
830 18% May 2< 45 Sept. 17
*13
14%
134a 14ia *14
15% *13% 14% •13% 14% N orfolk A W estern ....... .
6
17% Sept. 10
9 Apr. 1
42% 4z%
42% 42% 42% 43
Do
pref
42% 42% 42% 42%
1,746 22% M ay t 45% Sept. 4
17% 1812 17% 18
17% 18%
17% 18%
18
18% Nor. Pacific B y.votin g tr.ctfs. 11,895 11 Apr. 19 21% Sent. 16
0OI2 51%
51
52%
51% 51%
51% 52
Do
prei. 51,661 32% Jan.
51% 52%
57 Sept. 16
*32
38
*33
38
*33
38
*33
38 Or. B R . A Nav.Co.vot.tr.utls.
*33
38
16 June 8 41 Sept. 10
68
69
*66
JO
*66
70
70
68% 68% *66
Do prei., vot. trust.oils.
” 350 377eJa n . 8 73% Sept. 11
18% 19% >18% 18%
§18% 18% 51841 184]
18% 18% Oregon Short Line ..
1,035 I? % July 9 23% Aug. 16
30
31%
30% 32%
31% 33%
32
32
31% 32% PlttsbnrgOlnn. Ohio. A St. L
10,376 11% Mar. 2
34% Oct. 2 0
r........ 69%
664a 68
*68
69
Do
pref,
*67
70
•65
69
820 44% June 25 70% Oct. 2 0
23% 237e 234s 23%
23
23%
22% 23% 22% 23% Reading, voting tr. c e rtiis ... 19,. 95 1164» Apr. In 29% Sept. 18
49% 50%
49% 50%
49
50% 48% 49% 48% 49% 1st p rei., voting tr. oertifs
16.876 ♦38% Apr. 19 57 % Sept. 20
*29% 30
5294s 29% *29% 30
28% 28% 28% 2»%
2d prei., voting tr. certiis.
2,103 122% Apr. 19 35% Sept. 20
*22
25
*22
25
*22
25
*22
25
•22
25 R io Grande W estern ..............
11 % J une 6 25% Sept. 10
*55
69
*55
59
*55% 59
■55
57
§54
54
Do
p re i.
37 §25 May 2b 59% Sept. 10
7
7
•6% 7%
*6%
7%
6%
6%
6%
6% St. Jos. & Gd. Isl., vot.tr.otfs.
500
3 % J une 14
9% Sept. 2
45% 46
544% 44% *45
*45% 47
47
*45
47
Do
1st prei.
385 37% June 10 52 Sept. 1
l i % 15%
>14% 14% >15
15%
15
15
Do
2d pref.
512 10% July 28 20% Sept. 2
*60
*00
*60 . . . .
*60 ........ *60 ...... St. L ouis Alt. A T, H.,tr.reots
59 Aug. 16 62 May 20
6%
6%
•6% 7
6%
6%
6%
6%
*6%
G% St. B. A San F r., vot. tr. otfs.
612
4 A pr. 19
9 Aug. 12
51
52%
51
51%
51
51%
50% 51% 51% 51%
B°
1st pref.
3,565 37 Jan. 29 57% Aug. 12
20
20
519% 19% *19% 20%
20
20 % >20% 20%
Do
2d pref.
1,768 12 Apr. l o 22% Aug. 12
4%
5%
*412 5%
*4% 5
4%
4%
*4
5 St. L ouis Southwestern....... .
100
1 Apr.
7 Aug. 16
9% 10
*9
104)
*9% 10
9%
9%
*9
10
Do
pref.
1,090
3% Apr.
14% Sept. 3
20
*18
23
20
*19
21
*18
21
*19
21
S t.Paul A Duluth______. . . . . .
103
20
J
an.
4
30
Sept. 10
*80
83
>«0% 80%
80% 80% *80
82
‘ 80
82
Do
pref.
200 §72% July 16 87% Oct, 4
121 125
121 125
123% 123% *121 125
121 125 St. Paul Minn. A Manitoba.
135
114
Jan.
28
125
Aug.
6
20% 20% 20% 20%
20
20
20
2 0 % 20% 20% 20% 20% Southern Paolho Oo
2,350 13% Jan. 13 23% Sept, 8
10
10
59%
9%
9%
9%
9%
9%
9 7e
9%
9% Southern,voting trust, oertlf.
2,138
7
Apr.
19
12%
Sept.
10
*3130 31% 29% 31
29% 30%
29% 30% 30% 30%' D o p ref.,votin g trust, c e r t .! I l ! l i 0 22% A pr 19 38% Sept, 10
30
30%
*11% 12
11
11%
11% 11% 11% 11% T exas A Paolho.............. . . ! 3 065
8 Apr. 1 15 Aug. 30
25% 26% 2338 24 7a 22%
21% 24
21% 22% 22
-■ pd. 220,351 14% Apr. 19 27%
23% Un. *»—
Pae. --------tr. reo., "-*
2d *inst.
Oct. 2 >
8
73)
8
8
73)
8%
7%
8%
7%
7%
7% Union Pacific Denver di G u n.
3,570
7%
1 Apr. 24 11*- Sept. 23
•7%
*7%
7 78 *7%
>74) 7%
7%
7%
7 7<
7V
71* W abash......................................
- - ~
7
4%
Mar.
29
9%
Sept.
7
193k 19%
18% 19%
1"% 1878 18%
18% 18%
18% 18%'
Do
prei.
11% Apr. 19 24% Sept. 0
2 1 ♦13b 3
•138
*138
1%
1%
*1%
3
■1%
3 I’W heeling & Lake E r ie ....
% J une 1
6 % J an. 2
‘8
12
Do
p ret
2% Apr. 15 29 Jan. 5
I
I n iK p flla iiP o im S t o c k * .
*21
22%
21% 21%
22
22
22
22
21i* 211* 21i* 21i* American Cotton CHI Oo.........
9%
May 2* 267e Sept. 2
■75
77
‘ 74
76
574
74
>76
7«
74
74% *74
76
Do
prei.
52% Feb. 16 80% Sept 1
11
11
10
10
10%
10%
10% 10%
10
10%
10
10
A
m
erican
Spirits
Mfg.
Co.
9%
Apr.
2o 15% Aug. 6
*28% 30%
28% 28% 27%- 28— * 2 7 1 4 ......
28% 28%! >28
28%
Do
prei.
26 Jan.
36 Aug. 5
143% 144% 141 143% 141% 142% 141 143% 139- %
142 *4 139 *4 141% Am erican Sugar Relining Co
109%
Mar.
29
159% Sept. 3
115% 115% >115% 115% 114% 114% 114% 114% XJ3% 144 I 113 U 3 %
Do
pref
100% Jan. 7 121% Sept. 4
81% 83
81% 82%
81% 82
82
82%
^2% 81% 821* A m erican T obacco Co
67% Feb. 15 96%< Aug. 9
*109 114
110 110 >110% 110% >110% 110% 109
114 *109 HO**
Do
pref
100 Feb. 11 115 Aug. 6
8%
6
4%
5%
4%
4%
3%
4%
3%
4
4
4% Bay State G a s ..........................
3% Oct. 2^ 16% Aug. 7
95% 96% 94% 97
95% 96%) 95% 97%
95% 97% 96
97% Chicago Gas Co., certs, o f dep.
73% Jan,
108% Sept. 18
213% 213% 208 211
207 209% 204 208
204 205% 202 203%
/' ° 1 Consolidated Gas Com pany
136%
Jan. 2 211% Sept. 16
38
*83
38
*33
•33
38
33
*33
a
s | *«•»
90 Consolidated Ice C o......................
38
38
*33 38
415a July ] 9
30
June
lb
89 •
89
’ ......... 89
89
r......... 89. *.......... 89
Do
pref.
80 June 16 9o% July . 9
33
33%
34% 34%
33% 33%
33% 33% 33 33%
33% 34
Genera] E lectric Co.
28^8
May
17
41%
Sept. I 5
35% 35%
3 3 7s 34%
34
34%
33% 34% 33% 34
34% 34%
5,903 21% Feb. 16 44 Sept. 10
105 106% 105 105% 105 105 >103% 104% !0 4% 104% 103% 104 National Lead C o__
Do
pref
1,0-6 883. Fob. 13 109% Sept,. 10
31% 3 2 7a 31% 32%
33% 33%
30% 32%
28% 31
29% 30% Pacific M all..............
24 Jan. o 39% Sept. 2
*58
*67% 59
59
’ 57
o9
'57
59
*58% 60 Silver Bullion Certifioates51 % Aug. 27 65% Jan 27
5%
5%
5=8
5
5%
5
5%
4%
5
5=81
4%
4% Standard R ope & T w in e ....
2,397
3% June 29 I l k Jan 19
28
28 I 26=8 27%
26% 27%
26% 271* 25% 27%
25% 26*4 Tennessee Coal Iron <te RK
14,407 17 May 20 35% Sept. 9
*7%
7%
7%
7%
7%
7%
7i*
709!
7%
7%)
7%
7% United States Leather C o...
1,130
6% M ay 22 10% Aug. v3
* 6 4 % .........
64
64 | 64% 64%
63% 64 I 62
63% *62% 63%
Do
prei
2,850 50 Apr. 2 1 7 1 Sept. 1
*17
18
* t7
18 I *16% 17% *161* 171*! *16% 1.8%| *16
18 United 8tates r u b b e r Co___
'
0
June 3 25% Jan
*64
07
65
65%
9
64
64%
63
67
*61
65 I 64
64
. Do
pref
88% 88% 879« 883.1
900 50 July 20 767. Jan
5
87% 88% 87% 87%' 87% 88% Western Union Telegraph
9.501' 753. May 7 9(1% Sept. 1
•These■*>r» bid and asked
------------------------------ 1-------- i ■—
asked; no sale made. >Lesa m an l o o shares, t n mvn d a te , i ,.™ . .
, ,. ,„ ,
F o r In a c tiv e s t o c k s , sec lo llo w ltu r
Titange dates fr o m A pril 8 ( Before paym ent of any matal. H ist Inst, pd
13% 13%
2 8 •'■a 29%
14
14
33% 33%
79% 7 9 s
55*4 55^
91% 92%
15
15
21% 22%
'100
93 7s 95%
*54% 59
*93
96
15% 153.
8
8%
*28
30
92% 93%
139*4 139%
122% 123

FUR CHRONL LR

October 30. 1897,|
>■ %

* *t % •»

iv ^

.,{ j - c f i - ; r n " 2

tK

Ttl’t’j r tsa ley m 189?, j

Ofl. 29.

IBA CW VB t fr o u iia .

Bid.

■ fodiaafe* sa lu te d .

A sk.

Lowest

s r y

f t b'.rii.-.iif.s a c t u a l sa les, J
Qci. 2J.

HiAranrs Stocks ,
II indioates rmllsted.

Bighest. j

Bid.

Range (sales) in 189 .

Ask.

’ No price Friday

B ig tie* i

Lowest.

’ I ls o e lla n e o u s S lo c k * .
170 F«b. 177% Apr. Adame E x oress............................100 U 61% 165 147% Feb.
ISO
1i
13
0 Jao.
___ 42% July
!b - i Aue. American Bank Note Co t f .........
*31%
22kg Apr,
. .. . 25 119 140 113 A pr.,
4,1) AUU. i Am erican C oal...............
22
1 6 * May
2 «
2A>a St- pt. American E xpress..................... lot) 1116 117 109bs Jan.
55 Fvi»,
59
61
00% Sept. | Atuer. relesraph * C able_____100 :sn
85% Jan.
Tit
6S A fir. 7d A ll,. ! Brooklyn Onion Gas................... 100 a as
. . . . . 85 Jan
37
10
31% Ant!. 43 -ep t. d u o . Juno. Ry. * Stack Y a rd s.100
. . . . . . 102% May
2S
23 H 15kj June
Colorado Fuel ds Ir o n ................ 100 ‘ 23
....... -ttil A pr 108% Sept.
i« e
P referred ....................
lo o
99
73 8epi.
6%
0
~ ' 1% Apr.
1* Jun. Col. A Hook. C oal tr.re; A.uii pd.100
5%
3*4 June
6%
10 a 23
14 A us. *6 Jaa, Commercial C able....................... 100 175
. . . . 162% May
7 Apr.
II
38
9
14% July Courol. Coal o f M aryland.........100
....
35 Feb.
60 Ju y
70 100
65 June Detroit Gas................
50 J53% 54
20 Jan.
3 Apr.
4% Atte. ' IEdison Elec. in . o f N. Y ...........100 123 125 101% Jan.
3 >*
It
6%
S'*! 6% May
10% Aus. Edison Elec. HI. » f B rooklrn.-lO O Kid tiO
97 Feb.
28 ; 20 Jour 34 Sept, Erie felegrapn & Telephone ..1 0 0 . . . . . . ....... 63% Apr.
25
18 ; 30 June 4* s e p i , tllinois ste e l..................................100 : 44
29i« Apr.
43
. . . . . . | 7 June 14% Aits. Laclede Gas............................... ..UH
42
43
22 May
.........j SO
M a r.
49
O u t.
P r e f e r r e d . . . . . . . . . . . . . ............. 100
90
95
70% Mar.
18
15 Out i 20 % S e p t. Maryland Coal, p r o f ,.................lo o
40
50
U
40 July
27% Apr.
40 A ujj. .MioUidau-Pcalnsular Oar C o. . . I Oo
30
10 July
P referred___ . . . . . ....................100
42 May
4 Apr. I 9 X u s . M-raie-sot* I r o n ...____ ________ 100 56% D'l
38 A ur.
23
24% 23 Sept | 2-.'% sept National Linseed Oil C o............. 100 16 - 17% 10 M.iV
2 Felt. ; 4% a » k .
1
25
10
3 May
6
15
IS
Mar. [ 2 *% J »n . New cen tra l i Jo ! ......................... 100
13
4% May
0
8
0 A us. '
July N. t . * East River Gas •;..........lo t ____ _
Sk
6 % J nu
1%
ear.
I
2%
Alls.
___
.
.
.
__
98
May
Preferred 1 ................................. 100
;i%
*4V
s « s % 170 162% Jane 1 7 0 A i m . North Artierltan C o . . . . . . . ........ 100
3% Apr.
*5
S ep t.
70 J rp ,
3%
A
ur .
intarlo Silver Mining * ............. UKi
<;%
.........2 <5 i •••• '224 M .
Pennsylvania C o a l .,............. .. 50 34o 370 340 Mur.
119 p a a . jlS 2 Mar. Pn m u Po a.” c a r Go............. ICO U71 171% 1,-2 Ja .
Ika June
1!» S e p t. tjuicksllvet M inina...............
114% m % i o 3 . j .t.
l
2
nk
>% % Jti.ee
8 Apr,
3% A us ' P referrea...................................lor
8
It
U ,
7
3% Fab.
8 % A u s . Standard h » » . pref t ___
l
... 102 Jan
lo o
108 . . . . . . IS O M a r 1 7 2 % A u g . Tennessee C oal A iron , (,r e f,..1 0 0
65 A pr.
185 Jan. T ei».» n e l R c Land T r a c t____300
184 1*6 175 Out
6 A pr
17
U S '* . . . . . 118 Mar. 121% Sept. D. 8. E xpress.......................... 100
41
37 Fell
-----1
Jane
4% Aid.'. W"i!« P »rn K r i r - . .
1 * 1109 H 9 % 97 Jan
l Aotna! sales
latest price tula woo*.

-f a l l r o a d . t u c k s .
A lban y * Susquehanna------- -- I0u
Ann A 'tw r .......................
100
P rafccm d.. ....................
TOO
Buffalo i th ea ter s PltW twr? 10*
Preferred ........................
I0u
B ar!
•
-t» i'<t* A N '- .
.100
C M esco Groat West. pref. A . .100
P referred li
..........................10"
Cteve
v -•Itt- •i .: .
.. dll
o o . n o * * v.,n •>- a c o i .......... 100
Preferrwt ...................... . . — >'»•
O e« >f ........ * R , DodRe............ OX)
Preferred ... ................... ...Id .-,
DtliUEh
iHor» A Ci ••.<!• 'C "■ lo o
P ref
r ............... ...
l » •j
ByUs»vll'lr> A Terre If itif*___ _ 50
..........................
!•• erred
Hut * Fere M u H
..............100
Preferred.............................. ...1 0 0
F ort w*or b A Hro trm uie.. . . . . t " "
Green S ay A a e s t e r e . . , . . ..... to
I>sb, eertfa. a ....................low/
Den. e- rtfs B ..................... . . » 00o
Kansas C itr Plus. A G olf ....1001
. . 100
Keokuk s Ilea Alula
... t o o
Fisefaweu
.........
M rtteao C e n tra l..............
...t o o l
M- x can ■*'
-■ . ft . otf*
... lo ti
. . . tv
Morris «*r
Nasn. Oban. A Bi. E.-eii...1 0 0
... s o
H . Y . * H a r le m . .......... . . . .
K .Y. ■»«». r; Western ... ...l o t i ]
P eu n w iT d oi* —
......
P e .r ... . „ ..rur A K r ts ifU I e .,1 0* 4
P e o r ia * R e a m ................
ivoj
R t t » Ft. IV. A . W o . ana* . . . too;
Beasaelaer A 8 * r * t » s * — , .. VMx
S om e W aertow n A u * il* » . 100
Wi»enn»in OHil. rot. tr. e r f.. 10 i

165 Oet.
43% July
125 Jau
119 Sept.
91 June
137 Sept.
lO o ^ A p r .
27% sept.
85 May
7% Aug.
162% May
37% Jan
54 Oet.
132% Sept.
115% Aug.
76 Sept.
50 AUg.
49% Aug
96 Aug,
5o May
14 Sept.
61 Bept.
60 Aug,
23% AUC i
13 A u g /
8% Aug.
97 % Sept.
12o% Sept.
6% AUg.
10 i» Jan.
DO Mar.
185 Sept,
4% Allg.
13 A UR.
151 Sept.
80 Jiuy
9 A ug.
j8
a lly
1 12 A ur .

NEW VOItK STOCK E lC H IM iE PRICES. - ST A TK BOXPS OCTOBER 2 9 .
6ECURIT1E0.
dm m B»
ClAMiOn 4#,.

H on H o lfo p fi.
7 i? A r C ^ a l m l

4«..
If«w mniMiji*, 4 s .
S ow

Bid.

A»k.

.

V ork l /l t f

Oct. 23. 1897.

BK.
.

19 i 4
.....
.
1914

lilt Ilk

A ------K—6«.Olcl.a**.a ..J&JI
..
F u n d .■tig net . . . . . . . . . .
UMM
„
N e w 1io n . ! . . J.A J ......1 8 9 2 *1 3 $ 8 i
i
mm t i l l , ,
iM s I ...................
C*mms'U tiK h n i - ....................U»io;
. . . . . — ,* ,...,1 0 1 0
S o t ith C Vi r a il I'm - A'zn, 2O*4O,.103‘di
dw. tin n - f n n d . .
97% : . . . .

H ta le m r u l

fu r

th e

U*WK« •
; .fikrplm
i Capital ffurpl'i

Mmk of New
Msmh*%trna 0o»
,—
Umhmdes*....
Ammsicm
Fkeatx-.......
c u r ............

2»*KSti,C

Loans.
Id.ooo.O
11,744,8

%0*10,0!

Specif..

Legate. D eposits.
#1.3,780,0
10,550,0

TMM

1%np9,tf\

1 , 0 7 4 , .............
ldTiM J
2*iH4 «!
wi-*,o

Absontu

flw ra etd ,
m *tn
.................

oft %\m

2.018,7!
2,711,8
21,581.. 9;
' 7,8.16,3!

.......i

3.4S7/1!
7,050, V
0, y 02,0 1*0»0.4
023,2
4 « 0 3 3'
281 01
1*73 W
4,4 8 0 .3 . 9(32.i|

jMMJ.Oj

S0Ci,9j
1|00#0|

.j

W«MH 4id *
I!
B® i tWWT d . S
.01- I■
■ilttfl
I
W w 1®ru
, ,,,
J
Ih nt ■*?%t f l k (5777.

Btei, 0al»tn Bayik.,.1

.

4to4al*-

J
i

“

9

3,050, Hi 5,9419,2
492.31
1.1 0/4
t*2H3,0i 10,39s), 2
794,»»
5/*47,2
1455.41 l,8 o g ,0
*. 187,0! 27,5104.0
4,824,9? 37.761.0
1, '.0 3
2.03 4.6; 26,574.0
1-74 1,0 1.1,239 0
902.0; 6.42 7.0
405 3. 3. 7 7'».2
3 ,9 8 2 .9 1 20.901,
217 .3 : 1,8 48.3
3/401,0
520 o
3.273.1
303- 9;
432.0! 2.662.2
7-io.M]
475 ,2
67 i 91
D im a
613.5
5 81 .8
239 .9
435.0
610.0

■

1*2«'WM4

350,0 j

37,68 M
y,80H,6
2.980.3
4.040.0
a (mi .4
7.441.2
5.844.4
2.048.4
5.348.3
2J.MO,0
9.383.0

50.023,7 74,440,1 589.175,4 1007568 76,514,7 617,460,2
f

!

I

fO

87

67%

L*§ms. \DepoiUi
70,*2'!.6 819.353,2
7.1.721,4 8 f 6 737 2
7:1, 747,7 616.079,8
70,514, 7 8(7,465,2

Oire'i'n Clearinoi.
15.790.4
15.820.2
! 5.888.7
15.970.9

*

8 11 ,824 .9
771,361.1

799.310.0
764 .598 .1

8-J83.it 179.497.0 7.362.0 113 0 33 .4
1)U17« 18 f. 166.0 7.200.0 108 <06.1
8,U52,u 179.995.0 7.186.0 105.983.1

Miscellaneous and Unlisted Bonds:
M lwcH hincm ,* Hniidn.
Ch. Jun. 3fc8.
C«6tmi«loU, dr. i. Ixtcmirt. 0m.«.
Ctolonwlo Fuel «fe t.—(4eu, $*,
atom bus o n -D t. g.. 5m ..
Co merolal Cebto - let g. 4%,
<Jo„Chlo.~1st ffii.5
lie BarOelobnu C. ,fe !.—»?. 6%.

1.378 0
1.601.0
191,0
3.851,0 17,324.9
5.550.0
1.054,6
64 I 4 11.246,1
28'*,8| 2 ,7.0!, 7
3.H18 0
l « ;lt 2.740.0

300,0:

E-tbwrlr Wm flmnk !
N T P r o d .* XOft'c® j 1,000, Of *
B k . *>f

2.. 133, «H34.0 571,933.4(92*865,1
188/04.0; 3 7 J.7UJ 93,OiX.ft
** 16,, 133,443.8! i69 I S7,fi JU.8X8.7
“ 23.. ■
564*175.4 10H75O3

Oct.

fmi-

.... j
f i tm . ... ...........,...{
M. Y. 2€»*n
|
Aammryr . . . . . . . . . j
New ywttE

’ "~” f

Phtla. *

N oT E b A m e r l e a . . . . . .

6,453,7
1 § 8 ,I
4,867.2 j
1, S5«3)j
9 20 ,0
503,4
3,755,1
171 7!
4 3 8 //
■005*31
260,81
5,575.91
1.432.4
243.2]
m s a .1

48k

125.397.0 0.951,0 73 9 0 8 2
38.780.0
Oct, a . 39.3K8.il'[118,409.0!
126.543.0 0,868/1 7 " 7 3 8 ,7
36.306.0
*• 16. .15.:!K*.il U9.343.0j
19ft,729.o| 0.78 (.0 6 8 .3 6 8 ,0
i u
38-186 0
23 j 35,888.0! i (9.834.o!
* I(V O nU two Atih- fi* in 011-W«
4 loeladtngf tor Bowp.n i*ud Pnil^-ieiohix the item “ due Co other banks” .

. . .. . . . . -.

20,100,8:
1.185.1)
34.875, li
6,885,0,
5 ,io t ,0 .3,436,01
2 6 ,1 8 6 ,i 1
1/185.1'

i

x!
Oct. 9 63.393. 181,419*0
10.707,0
** 16,. 63.39.4.8 ; !81.0*9,of lo 774.0
** 23.. 63.393. 181/4()
x! 5,0j 10,02*2,0

Poet lie . . . . . . . . . . . . .
Vbvpaimeu----- ........ ^
fM&tA.4m . . . . . . . . . . . . . [
People*’HZMwvm
I t yin*. ...* ........,,1
O l i i w a * * .............f
. . . . . . . ......I
Mtkrk^i m raU #a.-.{
Minw & Dii*tfcier.. . .« i
C©m ISxckiki.ge.__ j
kpmunmatstl . . . . . . . . i
Qttmtmh ..............J
Inportwra^A Trud’ r*!
Park.. . . . . . . . . . ****„*„[
A m t M em .
f
FottftA..*, . . . . . . . . . . . . j
CNxHoal*____. . . . . .. •

Loam. j Speet*.

V .*

Bow.*

243.0!
235,0;
i.ooibd!
1,000,6 3,724.1! 39,478,5 312,330*71
S14.1I
750,0
loii,6i 2,731,8:
344,01
300,0- 7S36X.3; S-M‘7 1 ,/ 5,154.7!
-...
n « .9 : 4,9-15,01 892,4'
m u\
M(fch'g*1; 6*X>,0
, 1 1,000,01 1.070*3!
~m 1 ?
7,115,8! 1,080,4!
iro»*rt":
163.9, 1,114.1;
104.3
Soo.Oj
ISA il
a n .o
Tiwl'i!
400.0:
220,21 2,070,Of 205,0:
171.2
260,01
1,014,5!
106,11
240.1
390,0:
if we*m ;
600,9! 483,6: 2.077,3:
&OO.0
171.3
22.51 t*700*3j 315,1
•York.} 1,200,0
518,8 3,203,8!
rntmimot :
saw. i
320,9!
AmsCiO»n Kxch*(iKe\
2,047,0
vam tm rm , . . . . . . . . . .
Broadway.................

Bid.

. iiTenneeatje—6«» o ld .* .... 1802-1898
.M (is,
w b on ds.......... 1892-8-1900
*|
I>o
Now
191-1
. 1 Ooroprom lfo, 3-4-5-6 ii. . . . . . . 1912'
JS Now m tu m m n t3 » - .— ........1913
....
. |! Kedcmiptlon 4 s ...................... 1907
i(y2hi
4*a« .......... - ........191
12'J% ..... *(i Ponltontlar>' 4 . ................-.1914
103
. i j ^irginln fiimloil doht, 2 '3 s .... 1993
.11 o». deferred V *i roo’to, staiupod.

Mow York l ily, Boston and Pitiindelphla Banks;

wrettk e lid in g

IF« omit two cipher* (0 0 ) in alt caae*.

Basks,
(00* onuUUKL)

SECtJBITIESs

Bid. I Ask.

S E C 0 R IT IB 3 .

A* 4 to 5 . . . . 1 W ' t m
a.»»*.!90#
1900
m
192"
H unt

««u. 1st 5». . . . ...

Edison Elec,111.(Jo.—lirt5«..
Do of BStlyn., 1 t 5s..
Eijutt.«».-L , N. V..i ous.
EouifeildeO. & F ,-U t 6 s....
Erl© Teleg, A f
5s. « ...
0alyeso>»t Wharf o .—l*t §*,
Henderson Hrldge—ldt g. 6-.'
Hlinals8to»«l deb,5s
Now oonr. ueb. 5s.
N o rs.—*'h'Hu Ucates price -A

H I seel laneoUN

BankNtdMJk List— Latest prices.
BANKS,

Bid, A»*,|

BA NEW,

W d,

550
Uaiiteid-.
3 0 S
170 174 R[ <f«r»nan Am- U S
220 1
9«nu»ii E x,/
300 335 ! i*nfiMaioa, , . - Hon
230 230 ! <4ranil Wtcli... 185
..........i 1**1 ' Manover ---- 350
il d» *%L.".. 85
l (hi 170
Hud. River,, 155
Ciiftse.......... •1500
Chatham..... 290 315 Im-.fSsTi*awt*r« 530
Chemical ... ?4U0<» 1
I mtigre - - • (45
C ity............*
Dea‘ h e r Mia1 160
OitSfeetiH*...... 1125 ISO L iberty*. ... 130
Dr.eoIa
OnlrimW x.,..
170
Muiihantau... 220
Connaerce., ,. 207 2«)9
-M.Urker.tfe. Fnl 215
Oontunenial. 130 133
MmMsniO’*1 100
Corn Exeli.. 290 3(5
M’Ohs’ .feTrs*
East Hlvcv. 135 U5
Merraottie.,* 105
11th Ward , 2n0
M erehaht/ .. 143
Fifth A. re.__ 3000
Merch’ t. E*. 120
Fifth*".......... 240
M erropuP s,.. 441)
First_____
Mr. Morris. i t o
FirstN.,9 . 1. 120
Nassa-n
, 150
160
14tb Street,.

America.......
A at. Kxc.h...
A -tier PiacHBotery*......
Brasd way....
Butch..feiiT..
Central.. , .

Fourth

Oallatln .
oansevoort’

m

N. Aa»x’darxb 322

102

B onds.

Jetf. & clear. O. & 1 .1st g. 5
2d g 5s ................. ....... —
Man hut. Beach H. & L, g. 4s.
Metrupo!. Tel. A Tel. 1st 5s
Mich. -Pi.tim, Car f »t 5s
Vlaiuial d Ion Teleg.—6s,g..
Nat. 41arch Mfg 1st 6s ...
N V & N. J releju gen. 5 b
Nort h wextern Tel eg rap h—7s
People’s flaw .fc C. i 1st g. 0h.
Co., Chicago .. S2d g. 6s.
1st cons. g. 6»........ ....... ...
xouc Vaba Water—Con. 8s.
xtamlaril Hone & T.~Inc. 5s.
Hundsy Creek Coal 1st g. 08.
Wesieru Uuhm Tefeg.—7a...
Western Uas coll. tr. 5a..—
u” price i *KM. * Latest price this

New V’ork. 230
v , Oo’ uty 700

86%b.

108 a.
113 b.

Y6” b
101 b
week

# Not Listed.
A sk.

320

___
550

800
240
340
205
135
151
124
__. . .
241

BANfcCW.

Bid

N .Y .N ftti.K x
N in th .. ____
UM.h W ard
N A m erica
O ric n ta u . ..
F a cllio . . .
Park. .......
PenpIb'B____
Phcfitx
F)W fi*., . . . . .
P r«d . E x,*

Hi)
07

1.00

i;<5
160
; 75

202
215

1X5
i ir>
150
xoH iu.ard-... 172
450
second
8« ’c ii t b .
loO
S h o e <k Le’ tli 03
s r a m o f N . Y. 112
Third. . . . . . .
Tr>ub»«ni’ o ,H, 102
12th W ard*. 125
U nion . . . . . . . 301
U n ion Hq.». 1 '5
O n 'd HrarcM. 200
Y o r k v llie * ... 170
W e s te rn ....... 120
275
W « me S id e .

A sk .

__ ,
-

.
... .
-»
180
JH5
275
. ..

102

. .. »
..
165
.....
....

100
....
......
. . . __
185
, ...«
125
- ——

TH E

814

BOSTON, PHILADELPHIA

C H R O N IC LE .

[VOL. L X V .

AND BALTIMORE STOCK EXCHANGES.
Bales

r 7 * S h are P r ic e * — n o t P er C e n tu m P r ic e * .

lActlve Stock*.
1 Indicates unlisted.

Satnrdav.
Oot. 23.

Monday.
Oot. 25.

Tuesday,
Oct. 26.

Wednesday,
Oot. 27.

Thursday,
O c t 28.

BTlday,
Oot. 29.

13% 13% *13% 13%
13% 13% 13% 13%
1308 13k
Atcli. T. & 8. Fe. (.8o»f<m). 100 *13k 14
*k
Atlantic & Pao.
“
100 ......
*13% 14*,
15 k *15
*14
15k *1 4 k 15
Baltimore & Ohio (S a il.).100
67
*66
66%
*66%
67
*66k 67 k *66% 67% w6 6 k 6 6 k
67
Balt. City PasB’ger “
25
23
23
23
23
23
23%
23 k
23
Baltimore Cot sol. 44
25
23
23
*23
23
23
23k
B&itlmori ConsoLIUPAil.). 25
218 2 ’ 8
2 1 7 k 21 7 k 218 218
Boston & Albany (Bottom).100 219' 2 1 9 k 219 219% 218 218
216 216 *216 ........ I 216 216 *215 *17
*216
100 *216
Boston & Low ell
166 166 *165 167
167 167
166 166
100 167 168 *
Boston & Maine.
*
*
11
10 k *......... 1 0 k ,*........ 10 k *10
10k #
10k « .
100 *
Central o f Mass..
*57
58
58
58
58
58
100
Preferred.........
95
95%
9
3
k
9
5
k
93%
93%
9 2 k 94% 93 k 94%
100 947g 95k
CJhlo.Bur.&Cjuln.
92
93
92% 93 k
9 2 k 93k
9 2 k 93%
92 k 93 k
ahlc.M ll.A St. P. (PAM.).100 9 3 k 94 k
8
8
8
8*4
8
8
8%
8%
8%
*7%
50
8k
8%
Choc.OAG.vot.t.o. 44
19
100
Clt. 8t.K y.of Indfi
95
95
95
95%
95
95
*95
95
95
95
Fitchburg p re f.. (B oston). 100 95
26
25% 27%
26k
2 7 k 28
27% 28
28% 28%
Lehigh V alley.. (P h ila .). 50 29 k 29 k
*100 101
102
102 102
Metropol’n S ti’tU
44
100
6
6
6
6
5%
6
6
*5k
6
6
*5k
*5k
Mexican Cent’ l (Boston). 100
26
26
30
*25
30
*25
Hew E n g la n d ....
44
100
*
*
80
*.
r
#n
*78
80
80
*80
*80
P referred ........
44
100
........
*78
*78
79
78k
*77
Northern Central (Bal .). 50
177s 18
17% 18%
17% 18%
1 8 k 18 k
17% 18k
18% 18%
Northern Paclflo (Phila.)lOO
52%
52
5 1 k 5 2 k & 5 1 k 51k
5 0 k 51B« 5 i k 5 i k
52 k
Preferred
44
100 52
184% *184k 18 5 k
184 18 4 k
184% 185 *184 185
Old Colony.......(Boston). 100 *185
57
57k
57k
56 7e 5 7 k 57 k
57% 57%
57k 57 k
5 7 k 57%
P enn sylvania...(P h ila .). 50
71
71
71% 7 i k
70% 71%
7 1 k 71% 7 1 k 71% 71% 71%
Phlladelph. Trao.
44
50
n % n % 6 11516 n %
l l k l l 15ie
11% I l k
11% 12
Beading C o.........
44
60 12%g 12 k
22
22
23k
24% 2 1 k 24
2 ik 22*
25% 26 k
2 1 k 25 k
Union P aclflo)..(B oston ). 100
10% 11
10% 10%
n %
n %
n%
I lk
n%
UnionTraotlon..fPAM a.y. 60
11% I l k
11%
I t lls r e ila n e o u * S t o c k * .
Am.Bug’ r Refln.H (P oston )___ 14 3 k 144 3e 141% 143% 141% 142% 141 143k 139% 142% 139% 141%
115 116
115 116
115 115
1 1 4 k 11 5k *113% 114% 114 114
Preferred ........
258 259
262 262
259 261
260 2 6 0 k 260 261
100 260 260
Bell T elephone..
140
138% 140
139
140
1 3 7 k 140
137 140
1
4
1
k
141
k
140
25
Boet. & Montana.
22%
21
23^4 22
22% 24%
24
25
25 k
25
Butte & B oston.l
24% 23% 2 4 k
460 460
455 455
460 460 *455 465
458 460
25 460 460
Calumet & H eola
69
70
*65
70
*65
*65
'6 4
70
65
70
Canton C o .......... (B alt.). 100
59% 5 9 k
58% 58%
59% *58% 59
5 9 k 59% 59
Consolidated Gas
44
100 59% 59%
28
28
27% 28
29
28
28% 28
28 k
2 8 k 28 k
Eleo.8tor. Bat’yll (Phila.). 100 29
3
1
k
31
31
30%
31
30k
*30k
31k
{^Preferred H
44
100
72
72
70% 70% *70
71
71%
70 k 71
Erie Telephone.(Boston). 100 71
*70 k
33k
34
34%
3
3
k
*33
33%
*33
3
3
k
33
k
33% 3 3 k
General Electric.
44
100 34 k
*80
85
*80
85
83
83
*82
83
85
85
83
P referred . . . . . .
100 *82
*43
44
46
*43
43
43
*43%
45
*43
45
*42k
4
4
k
Illinois S te e l. . . .
44
100
21
21
21
20
20
*20
21
21
LamsonStoreSer.
44
50 20 k 2 0 k
*20k 20 k
44
44
*44
Lehl’h Coal&Nav. (fh ila .) 50 A
44k
44k
*44k
4 4 k *44k
129 *128 130
130
130 130 ’ 130 " 130 *
130 *
N.E.Telephone (Boston). 100 *
16% 1 6 k
1 6 k 16^
1 6 k 16%
Pa.E eat,L.& Pow (Phila.)____
16 k 16%
i e k 16%
86
86%
86
86%
Unit’d Gaelmp.H
44
50 85% 85%
86
86k
86 k
86k 86% 86
43
43
44
45
45
44%
45
44
4
4
k
42k
Welshaoh Light 11 44
5
44 k
44 k
*1%
West End Land. .(B oston )...
1%
1%
* ik
1%
1%
1%
1%
1%
i%
*1%
1%
t2d Instal ment paid.
“ Bid and asked prices; no sale was m ade.
5 1st instal ment paid.

■Wl^nactive 8tocki.

Bid.

Aak.

Bonds.

Bid.

Ask.

Bange o f sales In 1897.

Week.
Shares.
1,160
____
400
3,403
114
10
lie

22.007
17,302
550
249
1,928
440
300
10
5,145
8,680
129
3,339
3,365
23,594
34,463
7,313
24,298
139
386
5,861
20,521
45
243
1,131
352
371
630
20
100
80
27
25
1,512
4,420
1,061
750
1 Trust

Lowest.

H ighest

9% Apr. 20 16 7s S ep t.1 8’
15o. Feb. 17 1-00 A u g 12
9 Aug. 2 21 Sept. 20
59% Jan. 13 67*4 Sept. 15
17 . Jan. 12 23% Oot. 12
2 1 k A.ug. 6 23 Oct. 11
209 Jan. 4 220 Aug. 27
205 Jan. 2 216 Sept. 3
157 June 2 170 Sept. 28
9 Apr. 22 13 Aug. 30
56 Mar. 26 62% Aug. 30
69% Jau. 5 102% Sept. 20
69 k Apr. 19 102 Sept. 15
6 May 7 10% Sept. 2 0
16 Apr. 12 25% Jan. 2 0
8 9 k July 17 95% Sept. 20
2 0 k Feb. 18 32% July 22
100 Oct. 16 102 Oet. 23
5 Aug. 11
9% Jan. 30
18 Apr. h 40 Scot. 1
57 Feb. 15 90 Sept. 1
67% Jan. 27 78 8ept. 15
10% Apr. 30 21% Sept. 15
33% Jan. 15 57 Sept. 16
176 k May 26 185% Aug. 23
51% M ay 3 59% Sept. 18
6 6 k Jan. 5 74% Aug. 6
89is Apr. 19 14% Sept.18
5 Apr. 12 27% Oct. 20
8 k Apr. 29 13% Mar. 3
109 k Mar. 29
100% Jau. 6
205% Jan. 4
94 k Jan. 2
6 Jan. 11
326 Jan. 2
60 Jan. 8
55 June 2
15% Apr. 22
17% Apr. 30
63 k Apr. 1
28 k May 17
66 May 18
2 9 k Apr. 21
1 5 k June 21
37 k May 26
101 Apr. 5
13 Apr. 30
70% M ay 3
38% Apr. 6
1 Oot. 20
reo.,all instal.

Bonds.

285 Sept. 14
L51% Sept. 20
31% Sept. 20
195 Sept. 20
67% Feb. 6
62% Jan. 15
33% Sept. 7
36% Sept. 7
77 Sept. 1 5
41 8ept. 15
90 Sept. 15
50% Aug. 3 0
23% Feb. 1
45% Sept.
.35 Sept.
17% Sept.
88% Sept.
50% Sept.
2% Feb.

B id

Ask

p
Prices o f October 29.
Boston United Gas, 2d m. 5 s ..1939
68
67
............. 106
Atlanta <!fr Charlotte (-BafL).lOO
Bari, dr Mo. Elver E xe n p t 6s, J&J .118 119
Con. 5s_______ ______ 193
Boston & Providenoe (Bostoyi). 100 265 267
Non-exempt 6s.......... 1918, J&J 5107 108
9 8 k .99
Oatawiese................. (Phila.). 50
90
95
100
Plain 4s......................... 1910, J&J
52
1st p referred ...........
“
50
Ohio. Burl. & Nor. le t 5,1926, A&O 105 105%
11 6 k
20
24
{B alt) 50
Central Ohio............
105 —
2d mort. 6 s . . . . . . ____ 1918, J&D 100 101
10
12
Chicago & West Mich. (Boston). 100
125
Debenture 6e..............1896, J&D
Connecticut <fe P ass..
“
100 148 148^ Ohio. B u rl.* Qninoy 4s .1922, F&A
Oonsol.
132k
Connecticut R iv e r ....
“
100 250 255 | Iowa Division 4 s____1919, A&O
123k 12 5 k
Consol. T ra ct o f N.J.H (PAUa.). 100
3 6 k 3 6 V Chio.&W.Mioh. gen. 5s, 1921, J&D
Im provem ent^!. 6 g ., 1897. A&O 10 1 k 1 0 2 k
Delaware&BoundBr.
"
100
Consol, o f Vermont, 5S.1913, J&J
Flint & Pere M a r q ...(Boston). 100
10
12
Current River, 1st, 5 s..1927, A&O
Terminal 5s, g
..1 9 4 1 , Q.—F, 118 118%
40
41
P referred...................
44 100
Det.Gr.Rap.& W .,lst 4s,1946. A&O
Phil. Wilm. & Balt., 4 s .1917, A&O
Heetonville Passeng. (P h ila ,). 50
477e 48*4 Eastern 1st mort 6 g .l9 0 6 ,M & 8 ..
Pitts. 0. & St. L „ 7 s ....1 9 0 0 . F&A 10 8 k
Preferred 11.................
44
50
6 1 k 62
84
Iree.E lk.& M .V ., 1st, 6s.1933, end.
Reading Co. gen. 4 s .....1 9 9 7 , J&J
84%
Hunt. A Broad T o p ...
"
50
15
17
Unstamped, 1st, 6s, 1 9 3 3 ..........
Rochester R ailway, oon. 5s ..1930
Preferred....................
“
50 45
K.C.C.&Sprlng.,1st,5g.,1925,A&O
Sohuyl.R.E.Side,lst5 g.1935, J&D 108
Kan. C'y Ft.B. & M em .(Boston). 100
15
"it)” K 0. F .S.& M . con. 6s, 1928, M&N
Union Terminal 1st 5 s....... ..F & A
P referred..... ...............
“ 100
50
57
K.O. Mem. & Bir.Ost.28,1927, M&8
Little Schuylkill.........(Phila.). 50
52
5 2 k K.
C. St. Jo, A C .B .,7 s ..1907, J&J
A tla n tm & h a r?.^ ifrt?sfi9 0 7 , J&J 11 9k 120
Maine Central....... mm(B oston).100 128 12 8k L. Rook & Ft 8 „ 1st, 7s. .1905, J&J
Baltimore B elt, 1st, 5 s .1990, M&N
77k 79k
Mine Hill & 8.Haven, f Phila.) . 50 57
58
Louis.,Ev.&St.L.,1st,6g.l926,A & O
Balt. C. Pass. 1st 5 s ....1 9 1 1 , M&N 115
Nesunehonlng V a l. . .
41
50 53
2m., 5 - 6 g .................1936, A&O
Balt. Traction, 1st 5S..1929, M&N
ortn American C o ..
44
100
Mar. H. & Out., 6s....... 1925, A&O
Extern & impt. 6s___ 1901, M&S
North Pennsylvania.
44
50 90
Mexioan Central,4 g . . . 1911, J&J
No. Balt. Div., 5s....... 1942, J&D 114 114%
Or.Bh. Line all asst.m\(B oston). 10 0j 18*2 19k
1st oonsol.inoomes, 2 g, non-oum.
Baltimore & Ohio 4 g., 1935, A&O
Pennsylvania AN . w . (Phila. t. 60i 57*4 57k
2d oonsol. inoomeB, 3s, non-oura.
Pitts. & Conn., 5 g___1925, F&A
Pbiladel. A E rie.........
4
50i 20
25
N. Y. & N.Eng,, 1st, 7 s,1905, J&J*
Staten Island, 2d, 5 g.19 26, J&J
71
R utlan d...................... (Boston). 100;
1st mort. 6s................1905, J&J
R eceivers’ certificates, 6s..J& D
Preferred.................
44
100
Ogden. & L .O .,C on.gs...1920,A&O
Do.
Maryland
Constrno.,
5
s
.
.
.
.
.
.
100
)
100%
S ou th ern .................... (B alt.) .100
Ino. 6s................., ...............1 9 2 0
Do. Pittsb. & Connells., 5s..J& J
p Preferred.................
44
100 30
3 0 k B n tiand, 1st, 6 s ........1 9 0 2 , M&N 103
Do. Main Line 5 s................... . . . . . I i b l %
West E n d . . . . . . . .........(Boston). 50
91
91k
2d, 5s..........................18 98,F&A
98
Bal.&Ohlo S.W .,lst,4% g.l990, J&J, ......... .........
P referred .............
44
50j 100 100k
OapeF.&Yad..Ser.A.,6g.l916,
J&D
United Cos. o f N. J .. (P h ila .).100 248 249
A tla n tloclty l8t^sfg.®19*lL*N&N 108% 110
Cent. Ohio, 4% g ............ 1930, M&S I
West Jersey A 8ea8b.
44
50
4 9 k 1........ Buffalo Ry. oon. 1st, 5s.......... 1931
Cent.
Pass.,
1st
5
s
___1932,
M&N!
Western N.Y, A Penn
44
100
2 k Latawissa, M .,7 s ........ 1900, F&A i o s "
City & Sub., 1st 5 s.........1922, J& D 1
2
Wisconsin C entral...fi?oi/<m ;.100
3
Choo. Okla. & Golf, prior lien 6s. 1C6
Chari.Ool.&Aug.ext.5B. 1910, J& J ___
108 k 109%
P referred....................
44 100
3
4
General 5s................... 1919, j j i j
86%
Col. & Greeny., 1st 5-68.1917, J&J 114
Worc’stNash.ARoch.
44
100 115 120
Citizens’ St.Ry.of lnd.,con.5s.l933
G
e
org
ia
*
A
la
.,lstp
f.
58.1945,A&O
v ih: kllameoub. ^ ^ H
Columh. S t K y „ 1st, oon. 5 s ..1932
Ga.Car. & Nor. 1st 5 g ..l9 2 9 , J&J
82
80
Allouez M ink, asst pdf Jfoff/onj. 25
1
k
Colnmb. O. Crosstown, lst.5s.1933
Georgia Pao., 1st 5-6S...1922, J&J 118% 119%
Amer. Ry. El. Light.-. (P hila.).
5
5 k 1Consoi. Traot. of N. J., 1st,58.1933
97
97% Geor. So. & F la., 1st 5 a ..1945, J&J
98
97%
tlantlo Mining........ (Boston). 25
23
23 k Del. & B’d B r’k, 1st, 7 s.1905,F&A 122
North. Cant. 6s.......................,1900, J&J
Bay State G a s U ......
44
2
50
2 k . E a sto n * Am. lstM .,5e.19 20,M&N
6 s............................
1904,J&J
Boston Land..........
44
10
4k
5 k ! Eleo. & People’s Trao. stock, tr. otf s 7 0 % 7 1
Series A , 5 s . . . . . . . ___ 1926, J&J
Centennial M ining...
44
25
15
15% Elmir. &Wiim., 1st, 68.1910, J&J 1 2 2 1 2 4
4 % s . . . . . . . . . . . . . . . . . . . 1 9 2 5 , A&O 109
Fort Wayne E leotIf..
“
25
k
HestonvHle M. & F., con. 5S..1924 1 1 5 % ------- Pitts. & C on n ells.lst7 s.1 8 9 8 , J&J
Franklin M in in g .....
4
25
20
Hunt. & Br’d T op,C on .5s.’95,A&O
Southern, 1st 5s....................... 1994,J&J
92
91
Frenchman's Bay L’d .
4
5
k
K. O. Sub. Belt 1st 6 s...1920, J&D
i‘0 7 " Virginia M id., 1st 6 s ...1906, M&8
Kearearge M ining....
*
25
1 8 k 18% Kan.C. P itts.* O .lst 5 s.1923, A&O
79% 80
2d Series, 6s................. 1911 M&S 117
Marsden C o.................(P h ila .)........
17% Lehigh Nav. 4% s...........1914, Q - J 114 ........
17
.........
3d Series, 6 s .. . . . . . . . . 1 9 1 6 , M&S 114
Osceola Mining....... (B oston). 25
37%
37
2d 6s, gold...................1897, J&D 1 0 2 %'.........
4th Series, 3-4-5s....... 1921, M&S
97 .........
Pullman Palaoe Car.
*•
100 171% 172
General
m
ort.
4
%
s
,g
.l9
2
4
,Q
-F
102
5th
Series, 5 s___ ;___ .1926, M&S 103
Pennsylvania Steel.. (PAtfa.).100
11 ■ 12
Lehigh Val.Ooallst, 5 s,g .1933, J&J
96
W est Va. C.& P . 1st, 6 g.19 11, J&J
Preferred H.................
4‘
100 22
23
Lehigh Valley, 1st 6s.. 1898, J&D
Wllm. Col. & A ug., 6 s ..19X0, J&D 117 118
Qainoy Mining..........<B oston). 25 112 113
2d 7 b. . . ...................... 19X0, M&8 .........134%
MISCELLANEOUS.
Tamarack M in in g ....
4‘
25 128 130
Consol.
6
......................
1923,
J&D
118
Baltimore W ater 5 s ...1 9 1 6 , M&N 122 122%
1
" a ter P ow er..............
44
100
1
Newark Passenger, oon. 5 s... 1930 109 109% Funding 5 s . . _ _ ....... 1916, M&N
Westingh. Eleo. A M ..
4»
50
21
22
North Penn. 1st, i s . . ..1936, M&N 112%
Exohange 3 % s.....................1930,J&J
Pref., cum ulative..
44
50
52
52%
Gen. M. 7s.................... 1903, J&J 119
Virginia (State) 3 s ,n e w .l9 3 2 , J&J
Pennsylvania
g
e
n
.6
s
,r,.1910,V
ar
130%
131
Funded debt, 2-3s................ 1991, J&J
" 6 7 " *67 k At.9op.1k 8 .9 '° general g. 4s, 1995
85% 86
Consol. 6 s ,0
............1 9 0 5 ,Var .........
Chesapeake G a » .6 s ____ 1900, J&l 105% 106
Adjustment g. 4s, 1995...............
58
58%
............
...1
9
1
9
,
Var
120
,
____
Oonsol.
G a e , 6 s . . _ . . „ 1 9 1 0 , F&>
118
Boston United Gas 1st 5s.............
585% 8 6 %
Oollat. Tr. 4% . .......... 'Q ia .J & p
. . . |l 15%
109k 109V
|' Price includes overdue coupons.
V Unlisted.
$ A a l aeorne l Interest.

“J

THE CHRONICLE,

•October 80, 1887,]

815

JTEW YORK STUCK EXCHANGE PRICES (Continued)—A CTIV E BONDS OOT. 29 AND FOR YEAR IS 9 7 .
K.VILBOAD AWD
M M CK LLANIO C* B O * D «,

I n f St ; 0lJ ! S i y Kan« e (sa lts) in 1897
Period
! Lowest.
Highest.

RAILROAD AUTO
Miscellansocs B o r o s .

In t’st |c -?8.inrJ L an ge (sales) in 1897
P er io d ( S ; -----------------------------------Highest.
Lowest,

Am er. Cotton Oil. d e b .,8 g .l9 0 0 Q—F lO S ^ b. 106 Feb. 110 Sept, Louls.N. A .& O h .—1st,68.1910 J & J
I l l Jan. 115% June
86% Aug. Manhattan oon sol.4 s....... 1990 A & O
Abler. Spirit Mfg., 1st, Bs.lO ln M * 9 * 81 a. 70 Apr.
97% Aug.
91% Apr.
84% Aug. Metro. E levated.- 1st, 6 g .l9 0 8 J A J
A nn Arbor.—1st, 4s, g . . . . . 1995 Q - J | 80 b. 7414 Jan.
116% Jan. 121 June
78 !? Apr.
DO Sept.
2d. 6ft.................................. 1899 M A N
A t T - AS.F,—New gen. 4a. 1995 A A O 86-,g
104% June 107% Apr.
61 Sept. Mex. Internat’l—1st, 4, g.1942 M A S
Aaiu*tm ent4a . . . —.-.-.1 9 9 5 ; Nov.
588s
41% Apr.
Jan,
69 Mar. 73
B, w ay A 7thA v.-lstcon.g.5s*43 J A D 120 b. 110>4 Jail. 120% Aug. Mlob. Cent.—1st,eons., 78.1902 - M A N 116%b. 116 May 119
Apr.
B rook.Vi, Elev. 1 s t , 6 g ....1 9 2 4 A A O | 80 b. ,0 Feb. 136% Sept.
OonsoL, 5 s..................... ..1 902 M A N *107%b. 105% June 108 M an
Union Elevated.—6 g .... l 9 3 7 ;M & NT 84 a 68 Feb. ♦85% Sept. M lnn-AStL.—l8toon .5 s,g .l9 3 4 M A N 107%b 100 Jan. 107% Oot.
96% Sept. Mo. K. A E . - l a t 5s,g., gu.,1942 A & O 92 b. 88% M ay 100 Sept.
B klya Rap. Trans.. 5 g . . . -1945 A A U, 89 W T O May
85%
B k!yn ,F n .iiaa.lat.e«u.0g.l'.H 5 J A J, llJ M b . 105% Jan. 115 Aug. M. K. A T exas.—le t , 4 e ,g .l9 9 0 J A D
87% Sept.
82 Jan.
B ’ kirnW hrfAW .H —lsl,58,g. 1 • F A Aj lot)
1 91*4 Mar. 102% Sept.
59%
54% May
3 d , « , g ............................ 1990 F A A
65% S ep t
B a lt R, A P.—« e n . g. 5s. 1 9 3 7 [M A 81,100
! 95% Mar. 102 Aug. M5o. Pao.—l8 t,o o n .,6 g ....... 1920 M A N 93%
98% Sept.
68 May
Canada Southern.—lat,5e,190S J A J; 109%,!). 10* Jan. 113% June
3d, 7 b.................................. 1906 M A N 107 b. 98 Mar. 110 S ep t
S A sl
“ ............... . - 1 9 1 3 M A 8; 100% b.;l04% Mar. 103 Aug.
Pao. o f Mo.—1st, ex., 4g,1938 F A A 101 b. 100 Apr. 103 July
“
• - g., 6»- .1 9 4 5 'F A A l i e b. 112% Feb. 115% O o f
2d ex t 5 s ....................... 1938 J A J 106 b. 100 Apr. 106 Sept.
Cent,* ot- Ga.—1st,
8t.JLA lr.M t.A rk. B.,5s. 1935 J A D 105%b. 103 Apr. 107 Aug.
Cons., 5s, e ......... - ......... 1945 M A N 93% : 86% June 9 i Sept.
103 b. 101% Oct. 108% Mar.
Central o f N. J .—Oons-.78.1899 Q - J
1st e x t ,, g . , 4%3............. 1917 F A A 107 b. 104 June 107 S ept
Gen, R ’y A lan d g r.,5 g .l9 3 1 A A O 84%
90% S ep t
O on sol, 7 s ------. . . . --------1902 M A S UG%b. 113% June 115 Mar.
67% May
” *
106 May 118 F e b B BM oblleA
_______
______
O blo—N
ew 6g _______
...1 9 2 7 J A D 122 b. 116% June 122% O ct
General m ortgage, 5 * ... 198? J A J 113
90 Apr. 104% Feb.
70%b. 65 Apr.
Leb.AW .B.,ooa,.7s,asM .1900 Q -M 101
General m ortgage, I s . _ 1938 M A S
77% Aug.
“
m ortga*e5«,1012 M A Nj 85 b. 75% May
90 Feb.
Naah-Cb. A 8t.E .—let, 7 e .. 1913 J A J 131 b. 127% Jan. 133% June
Consol., 5 g ........................1928 A A O 103 a 98% June 103 Aug.
A * . D ock A Im p,, 5 s ---- 1921 J A J: 114 %b. 113 Aug. 116% Feb.
100 Jan. 1 0 1 % Juue N. Y. Central—Dab text. 4 b. 1905 M A N 104 %b. 101% Jan. 105 July
Central Paoltte.—Gold, 6s .1899 J A .1 102 %
Exten. 5 g .......... ........... 1399 .r a j 102 b., 99% Jan. 103% June;
le t, coupon, 7 s .................1903 J A J 117%b, 117% Jau. 121% Apr.
Obs*. A Ohio, —3er. A, 6 g ..l9 0 S A A 01 117 b. 116% Oct. 121% June i Deben,,5a, coup., 1884..1901 M A S 109 b. 106 Mar. 112 Aug.
Mortgage, 6 g ................. 1911 A A O 117 b. 118 Got. 123% July ; N. Y. A H arlem ,7», reg.,1900 M A N 107 b. 107 Oot, 114 Mar.
le t consol., 5 g ..................1939 It A N 113% 107% Jan. 11 ) Sept. i R.W. A O gd„ oonsola, 5s. 1922 A A O *119 b. 117% Jan. 121% J u ly
M A 3 79 %b. 72 Mar, 83% Aug, I West Shore, guar.. 4a___ 2361 J A J 109%b. 105 Jan. 110% June
General 4 % s ,g .............. .1 9 9 2 -------,
R .A A. Div., Istoon., 4 g .1 9 8 9 1 A J 100%b. 97 Jan, 104% Mar. N. Y. Ohio. A 3t. L . - t g . 1937 A A O 103% 103% Apr. 108 S ep t
91 J uue i N. Y. Laok. A W.—1 at, 6 s . 1921 J A J ■137 b. 136 Mar. 139 Aug.
“
2 d o o n .,4 g ..l9 3 9 .J A J 91 b. 80 Jan.
Cnio. Bnrl. A Q.—Con. 7a.l9u3 J * J 117 b 115 Jan. 120% June I Oonstruotlou, 5 s ............. 1923 F A A 116 b. 116 Sept. 118% Aug.
Debenture, 5a..........
1913 M A N 1 0 1 b. 93 Feb. 103% kept. N. Y, N. H. A H.—Con. deb. ctfs. A A O •138%b, 132% Feb. 142 S ep t
1903 M A 8 107 a. 99% Mar. 110% Aug. N.Y.Oat. A W .-R u f. ls , g, 1992 M A S 96 %b. 88% .Tan.
Convertible 5 * .......
99 Aug.
D enver D iv is io n !* ......... 1922 F .v A
97 %b. 93 Feb. 99 S -pt.
Consol., 1 st,5s, g . .........1 9 3 9 J A D 109
108% Feb. 111 May
95% i 87% Jam
Nebraska Extension, 4*.1927lM A X
93% Got.
N.Y.S u a a W ,l«tro*.,')a, g.ls)37 J A J 106 a. 100 Jan. 107 Sept.
86 a. 63 June 90% S ep t
Han, A 8t. J oe.—Cone,64.191 I ’ M A 8 121 a. 118 Mar. 132% July i
Gen. 5 g .......................... 1940 F A A
Ohio. & E. 111.-let,a. r. 68.1907 J A D 113 b e l l i Apr. i 15 Apr.
Midland o f S. J., 6«, g .,.1 9 1 0 A A O 117 b. 116% Apr. 121 Sept.
Consol, 6 g .. . . . . . . .............1934 A A O 125 b. 121 Apr. 128% Aug. j Nor. A W. fly.— 1st, oon».,4g.*96 A A 0
76 %b. 67% Apr.
80% Sept.
! 9,3% Feb. 103 Got. I No. Pao'.tlo—1st, coup. 6 g .l9 2 1 J A J 120
General oonaoL, le t 5 * .. 193 J: M A N 103
113 Jan. 122% Sept.
90%
Cateagii A Erse. —l
e
t
.
A N 111 % b.!l08% May 112 Jan.
92% S ep t
Prior lien, ry. A l.g. 4, g.1997 Q - J
85% Jan.
50
Ohio. Gas L. A l l —1*4,5*.. 19 37J ‘ J* 103% ! 93 Jan. 105 June
61% Sept.
General lien 3 g .............2 0 1 7 Q - F
51% Apr.
9
a. sO July
J
83% S ep t.: No. Paolflo Ter. Co—u.-___ 1933 .1 A J 101
Oh, Ind, A U - B e t . *..5.*.l9 47-1
97% May 110 Mar.
J 139% 123 Jan. 142 Sept. Ohio A Mies,—OOHAf., 7 « . 1898 J A J 102 b. 102 Aug. 106 June
Ohio.5111.A 82. P —Con.7e.19W J
1*2, Southwest Div., 8 e..l\H)‘t J
J t l7 % b 115% Jam 120 % J uue OkloSouthern—1st, 6 g . . . l 9 . 1 J A D
90 Jan.
83% Feb.
14 b. t 8% Apr.
I13% b. ll5 % J a n . : 130% June
18 8»pt,
General mortgage, 4 «..1 9 2 1 M A N
le t, 80 Minn. D l v .,6 « ..1910 J
1M.CS A P* •» .DtV.5*.. 1921 J
115 %!*. 112 Jan. 117% June Oregonlm pr. Co,—le t 6 g .. 1910 J A D 1102 b, t 84% June 108 Sept.
i\ 112
•
t
i
l
a
A
A
O
b.
100%
Jan.
I
l
l
Juu.:
Sept.
149
C
ou
a
ot.5
g
Ohio. A Mo. Rlv-Dl v..5 « ..1 ’»26 J
....................1939
15 Feb.
J U 3 % b 110% Jan. !U 5 June Ore. R.A Sav. Co, -1 s t, 6 g . 1909 J A .1 ■11 l% b. 110
Wleo.A.Mtnn .IMv ,'> g ...i:*21 J
Jan. 114 Apr.
92
Terminal, f>* ___ _______ 1911 i
“ “ !). 110% Jan. US June | BE. A N.tv. oon»ol., 4 g. 1946 .1 A »
Get.
92
J 113
80 Jan.
Geo. .H .,4g.,M K iesA ....l98:< I A J 10i% b. 96 Jan. l o t Out. ; Greg. 8b. Line -1 s t,8 s ,* .. 1922 F A A 119% 11.1% Jan. 121 Ju ly
MU. A Nor. -t#l,ei>u.,8e l b i : ■) A D 120%b. ,13 Jan. 120 Sept, j
93%
Aug.
1st, eon. 5s, g...................1916 J A J 92%
86 July
Ohio. 4 S .W , -O o tt j o t , 7#.39155 Q - F ! 1 14% It 40 Juu 147 July : Nou-eu.nitl. iiie. A , Oa... 191'i Sept. • 54 b. 44 July
61% Aug.
Coupon, gold, 7 * ............ 19 02-J A l ) l I s 2. u i i Jan. 121% May
P enn .C o.--4% g,ot,u p____ 1921 J A J 113 b. 109% Jan. 114% O c t
J an. 1120 Aug. Peo. Deo. A E vantv.—8 g . lit.-" ♦ * J 102 b. 9 2 May 104 Feb.
Staking fund, 6 * ............ 192* i A O i'U .l b. t U
103% Apr. 113% Sept.
Evans. D ivision,6 g ....... 1920 M A 8 102 %
Sinking fam i, 5 s ............ 192:4; A A t)! 110 4
91 Juno 106 Feb.
27% Jan.
Sinking tu n d ,d «% a ,. 5*. l « 3 i * A >■ t m » b . S lo % J * n . 1117% Julj
2 d m o r t a g e ,5 g .„ ._____192* M A N'jl 13%a, ) 10 May
25-year debenture, 5 * ...1 9 0 9 >1 A ■N\ n o b. 106 Jan. |110% S ept PUtH Sib A L. E ., la t, 5 g .l I ID; A A u 105 a. 95 Jan. 109 Aug.
A .1 77%
Extension, 4 s ............... .192*5 F A A |
101 Jan. 1106 Jm y
Pittsburg A W-*8t»rn— l * . ! «IT
66 June 78% O c t
86% S e p t
31
A J
M U .L .85. A W „ 1st, 8 * . 1921 M A K ‘ri3
131 May j 136 Sept. Heading Co.—G ore, *. .1* . 1997
80% Apr.
E x ta n .* la p .. 5 * __ ..19291F A A. 115 h. H i Mar. ! 117 J aly
83% S ep t
70% Mar.
RtnGr. Weetarn—1st 4 g ..l »>:• J A J, 81%
67 sb. , 82% Juue 69 Sept.
Ohio. K.1. A PaC.—«e,cou p. 1917 I A J i $ m b . (in i4* J a u. |u n Jtme St. Jo. A Gr. 1*1.—2 - J -l... 1!) 17 J A J
Extension and out., 5 * .,.1 9 3 4 'J A J i m \ \101'?a J »n . |
1103 June I 8t, I.. A San Fr.—S g.C l. B .ltto- M A N 116 b .; u 2 Jan. 115% Feb,
30-year debenture,5 s ... 1,921' M A - 102
03 Jaa. !1105 ytpt. ' Genera', m ortgage, 6 g .. 1931 .1 A ,1 n 5 % b .;i0 8 % Jan. 116%Juae
liH Jan. j 133% May
101% Aug,
Ohio, a t P. M. A O. - 8 - . . .1V30 J A Ifl
1 9 3 1 1 A J 101% |9 4 % Jan
General, 5 g ..... .........
73 Aug.
Cute. Ter, T ran*., etfa. o f pi op. . . . .aw, f U>K% \ 4i- % J uly j 17 % S ep t
llallro ul, 4 * ...................1996 J A .J 70%
62% Jan.
f lie 4371.......s 7, , 't *%«•*'**I 1 *, Of’*101 b. m
7 6 % S op t
May j1103 Aits. •St, L, A So, W.—lat, la, *.198:1 M A N 75 a. 59% Apr.
.1
A
J
31%
Aug.
28
a.
’ 133 O *t.
a C, O. A I.—C on sol.7« ..1 114 J
m US*2 b. 13»> Ju ne |
2d, te, g., ttwome ........... 198s*
15 Apr.
.1 ............123% Jan.
General, consol-, 6 g
19 i I J
137% May ! 8t.P.M .,iM .—D a g .E x .,6 *. 1910 M A N 120 %b, 116% Jan. 122% July
129
J
uue
99%
Apr.
I
,1
A
J
124
b.
90
Sept
Istoon
eoL
.a
g
..................193J
a a e * 8 « x . - - 9 t . u D i » ib . u w o m a n 93%
123 Jam.
Peoria A Eaatoru, I * ..1 9 4 0 A A O 76 a 66 Juno SI Aug. |
“
red u oe< D o4% g .. .1 A J
102% Jan. 107% June
95 Aug.
115% Mar. 120 July ] M ontanaaxton slon,4 g . l 1,17 J & 1) ' 95 'a! 87% Jan.
O il. A 8th A te . go. 5t. g .. 1993!M A 9 , 119%*
.....
63 Aug.
60
OoUfiUTatAiTol. —C on .,5 g .l9 i 1 « * 8jt 73 b. 83 Feb- 88% Jam s! 8a a.A n t& A .P .—let,4g.,ga.*43 .1 A J
54% Jon.
96 Sept.
General. d g . . „ .............1 9 0 4 1 A 1)1 50 b. 4 9 % Feb. 87 Jan. ; s So, Oar, A Ga— 1st, 5 g .,,1 9 1 9 M * N 93 a. 87% Feb.
D e a r .* Bto ,r.—l*:. ;* ,g .l >0 ) M A X. i l l % b . 100% May 113% Apr. j i So, Pitotdo, Art*.—6 g . . . 1909-10 .1 A .1 100%
90 Feb. 100% Aug.
90 June! : So. Pao!do. Cal.- 6 g . . . 1905-1 A A
*106 b. 106 May 109 S ep t
lat ooQsot., 4 g. . ...........1938 .1 A J
88 b. 87% July
92% Aug.
91%
1st ooneol., gold, 5 g ....... 1917 M A
85 Feb.
*—% J' utia j l O'. % 8«pt.
Dili A l t o n K"ge -l» t ,5 * ,l9 3 7 lA A O 10t% b 97
106 b. 102 Jam 107 S e p t
90%
D o t So. 8h, A A lt — 5g___ 1937 .1 A J 103%
8 g ....... 1911 J A
_____Jam 10 4 Juno So, Paoiiio, N.
95 s e p t
'
114% June Southern—1*4 non*, g, 5s. 1994 .1 A
BSliaon B l.lll.—le t0 3 a .g .5 ).’95!J A J 112 b. 104% Jan.
91%
87% Mar
92 S ep t
E rte~ 4 ,g , p rior bond**...,19901.1 ,v .1 01% | 88% May i 95% Fab. I1 E. IVan.roorg. Ilea l-Ss.193a M A
86 May
General, .1-4, g ............... 1996 J A J
i d s b’ 107% Jan. 111 June
70%
62 May ! 73 % dept. | E.T. V. A G . - l e t , 7 g ..„ 1 9 0 o S A
Erie
By.—le
con.. 7 g ..lu
..i y j0
t A 8 *142
ne k
t .—le t, con.,
J o;5M
143 b. 139% M
Mar.
ir. ; 144 % Aug.
Con. 5 g . . . . . .............. 195 M A V 111 %b. 107 Jan. 112 Aug.
U f Dock, eoneol., 6 g . 1935 A A o ! 131%b. 133% Jan. 136 .Mar. j Georgia Pao. 1»t 5-6e, g , 19 2 .1 A .1 *119 %b. 107% Jan. 119% O e t
F t W. A Den. City.—1-6 g.1921 J A t> 68 b. 53 Jan. \ 76 Sept,
Knoxv. A Ohio le tfls .g .. 1925
A J *114%b. 112 Jan, 116% Juue
G»L H.A8»n.An-M .AF.D.T«t,5g M A Nj U3
A J 121 b. 117% Jan. 124% Juue
Blob. A D aov. con. 6«,g ..l9L
88 May i 93 O ot
Gen. E lectric,deb. 5 * .v . . .11)22 J A D 1 0 1 %
111% Jan. 116% Juno
90% Jan. 1101 % O ot
A J
W eetN o.O hrletoon.6e,* l.) 1 1
Hons. A r . C e n t gen. **, g. u r n A A O' 75
60 June 79% Jan.
A A *60%
63% Apr. j 76% Sept, |! Standard EUhmA T .,1m .6*. 1946
Ullnols Oentral.—4*.<........1953 M A » ; 102 a. 99% Jan. 1103 Jan. ' l'enn, 0 . 1. A B y—Ten. D .let, 8g A A O * 85 a. 79 J uue 89% Sept.
9 L S ept
Western Line*,let, * 9, g.19.51 F A A *100 h. 100% Fob. 105% May !
79 Apr.
87
BlrtnlngUam Dlv., 6 * ...1 9 1 7 J A J
96% S ep t
85% Jan
ia tA G r e a t Nor.—l*t,6*,g 1919 M A N 120 b, 117 May 121 Sept.; Tsxae A raaltto—1st, 6g,.20OO J A 1> 90
33% Aug.
18 Apr.
2d, 4% -5e.........................,1909 M A 8 85 1 73 Jan. I 36% S ep t
2 d ,Incom e,5 * . . . . . ...,2 0 0 0 iMaroh
27%
88 A pr, 5UK) Sept. T o lo io A OiiloOeat. 5 * ..1 9 3 5 J A J 102 b. 102 Mar. 108 Feb.
Iow a OentraL—l h l .5 g ....l 9 3 8 .1 A D 97%
K.»n C. P A *, - l e t A eol.g 5«’23 A A O ------' 6 8 % May t0 1 S ept
77% Oof. S 93% 3 apt, T oi.S l. U A K an .C ,—8 g . . , l « l f j J & D f 83%
44 Feb. ' 60% Oct.
Ming* Co. Kiev.—l e t .5 * .. 1925 J A J. 57
Union Paoltic—6 g .
.189.8 J A J *102 b. ,01 % Sept. 105 Feb.
85 Jau. f 121 S ep t
Daofode Oae. - l a t ,6 e ,g . ..l 9 1 9 G—F ; 101%
E x t sinking lou d , 8........1899 i l A S t i l l
93%
____ Jan. '103% Aug.
Lake Erl® A (Feet—5g ...1 3 3 7 J A J *110 b. 113% Jan. 118 Juno
Collateral truer, 4% .........1913 M
-JS.
A N 145 b. 147% O c t ♦51 Aug.
Oollal. tr. 6«, g. n otes,,, 1903 F A A { 4 l% 14 0 's oet. 103 J uly
1*. ShOTA—Oon,op., l»t,7«.19iK ) J A J l l )%b. 109% i*ig. l i t Juno
113% Jan. 120% Oct.
Kan. P ao.-D Bii.D tv.,6g. 1899 M A N | .........
Ooneol. ooup .,2d, 7e------ 1903 J A D *1 2 0 % b .H 9 Jan. 121% Mar.
Gold, 8% s..........
1997 .1 A D 101
letOOOSVl.,6*............ L919 M A N ♦ 36% 167 Jan. tl0 3 S ept
102% Sept 101 June
1
1
1
Aug,
i
33 A pr­ 5 3 % 8 e p t
U
.P
.D
ea.A
G
olf,oon
.,5
g
.l934
J
A
U
43
Deh. Val.T* r.—1st, gu., 5s. 1941 A A O 109%a. 106 Apr.
U. 8. Leather—Si F-deb.dg. 1913 M A N'. 115 il. 110 May 116% O c t
Lex. A r. A Pay, F. vd. 5»,g 1933 M A S 1H< b. 115% Mar. 120 July
b,
100
Jan- 104% S e p t
1119
May
.
Virginia
M
I'l.-G
en
.M..
5*.
1036
M
A
S;*10t
L on* Telantt—le i con .,5 g.l9 3 1 u —J , 117 b. 113 Jan.
91 S ept I Waftaeh—l e t 5 * . - .....1 9 3 9 M A N 107% 1101% June 108% O ot
General m ortgage,4 * ...1 3 3 6 J A D * 90 ». 76% Jam
63% Apr. 1 81 S e p t
Louie. A N ten.—C one.7e. . 18:1- A & G 101 %h 101% Got. 106% Mar. ! 2d mortgage, 6 g . . . „ ....1 9 3 9 F A A 79%
I . f t S S L W e , le t ,S g ...1930 J A J 130 b. 116 Jan. 123 June West N. Y. A Pa.—l a t 5 g .l9 J 7 J A J 107%b. 104% Jaa. 109% June
45%b.l 43 May 1 50 Feb.
“
**
2*1. Og. 1030 J A J 107 b. 93% Jan. 107 Aug. - Gan. Z-3-te, g old .........„ 1 9 4 3 A & O
O eri«ra :,6 g ...................... 1930 J A D 110 a 115% Jan. l l > G et ; W e5 t0 n .T eU -C ol.tr. 5 e ..1933 J A J 103 %b. 106% Jaa. 109 Juue
*1917
J
A
J
t
35
4 2 8 May 110 Mar.
85
%
Sept,
h
Wise,
c
e
n
t
<)•*.
l
e
t
;
84
b.
78%
Jan.
Onifled.4* . . . .................1940 J A J
N o r * .—" h " Indicate* price hid; “ a " price asked-, the range U made up from sales. * Latent prtoe this week. 1 Trust receipts. 162 %% prln. pd

NKiY I0 R K STOCK EXCHANGE PIIlC E S-(C ont.tnuM ),-IN A C T lV E BONDS-OGT, »0 „
SB O U B lTlE a.

Railroad Bond*,
f Sl/>ck l
P rk erj
jttfllwfi** MJ4,—*lit *
A lain. TopefeA A Ban F r»n.—
Chicago * S t Loa.
6 * .1 9 t5
Atlan, A Daov.—1st. g , 5 s ...1950;
a Pv\ Western D l vision luecm e . 1910

Bid

Ask.

SECURITIES.

B id.

B a lt A Ohio •1st, 0s, Park 8 . 1 0 '9 107
5s. g o l d ....... .......................... 1925
77%
Cions, m a rt, gold, 5s-----...,1 9 8 8
W V:.. A P itts,-* st, It., 5S..1990
B. A O. 8. W., 1st, g „ 4 % s ...11)90
Motion. River, l s t ,g .,g ,5 s ..l0 1 »
Cent'l O h loK eo Ia t,4 % s .l9 3
97Ak. ACh. J uno,—1*t,g,8s,gn. 1930
Brooklyn E leya'ed—2 d ,5 s ...1 9 1 5
8eisld e A B,B,—lst.v,its.B*i.l ’ *2.

Ask.

100

SECURITIES.
Brunswick A W ’n—1st, g., 4 s .1938
Buff.R.A P itt s ,-R .A P .& t,6s.l921
R oob. A Pitts.—Oons.lat,6s, 1922
Clear. A Mali,—1st,gti.,g ,58,1943
Buff, A Snsqaeb,—1st, Sb, K..1918
Bm i.Oed.Bap. AN o,- 1st, 58.1906
Consol. A oollat. trust, 5 s ..1934
Minn. A S t I,.—1st, 7 « ,g n . .1927
Ceil. Sap. I. F. A N „ l -t, 68.1920
ib " i
1 s t 5* .............

Bid.

123

126%

.........100%
108% 108%
106 1107
1 0 5 % ------103 i . . .

1H E

816
NM»
SECURITIES.

C H R O N IC L E ,

V ol L X V .

Y O R K S T O C K E X C H A N G E P R I C E S .- I N A C T I V E B O N D S — (C o n tin u e d )— O CT.
1 Bid.

ASS. 1

SECURITIES.

Bid.

Ask.

SECURITIES.

29.
Bid.

Atk

N. Y. Rusq. A West.—2d, 41*8.1937
1 »t, con., g., fid, 7a . ...........1920
Terminal, 1st, a. 5 8 ............'9 4 3 108
Gent.
♦ Riink. -O o l. g .5 s.l9 3 ? * ; ” " ! -94.......
1916
B.
V.
V.
A
E
—
lat,
7
a
.
135
96%
Wilk.A East.—let,gtd .,g .5 s.l9 4 2
Cent. Ry. of Ga,—
41
BIB. A 8. W —Mortg. 6a.— 1908
....... I Northern P acific—
lat, pref. Income, g., 5s ....1 9 4 ; 5 40
'afleraon—lat, go. g 5 a ___1909 103% 105%
81.Paul A N. P.—Gen., 6 a ..1923 127
2d, prof, Income, g., 5 b ....... 194 5; 12>* 13
9 | Tori i-RR. - 6 s .................. ..1 922
Norfolk A South’ n—lat, 5 e ,g .l9 4 *107
5;
S
1— 1 4, TTni»t,..1 at On A,, r'rt V 1919
___
Ji ..
N orfolk A West.—General, 68.1933 *123% 125
105*2
6 94%
N.Y. & Gr’nw’d L .—Gil.g.5s.1916
New R iver la t 6 s . , . . . .........1932 115 120%
Mobile Div., 1st, g.. 5 s ...
% \aa. - r .n .— a , ooiis., 6a. 192 ' I 112
Im p. & E xt., 68_______ ___ 193
Qsut. jI a j .—Oon v. deb., (
82
at. general, g .,R a ................ 194“
Col.Conn.ATer.,1 at.gn.g.Ba.1922 *102 105^
Cent. Pacific—
3 102
•ft. Vernon lat 6 s . . . . . . ..... 197"
84% 85
SolotoV.AN.E. —Iat,gu.g.4s.l989
Ext. «. 5e, series A B C D
“
Co, Hr. lat, g,, 5a.......1 9 3 1
B ....... ........ j
O ilo A Miss.—Consol. 7 s ....... 1898 102% 103
[) .........
Evans. * Indian.—let, c o n e ..1921'
2d ooneol. 7a....... ..................1911
joaquin B r.,6 e ............
Flint * P. Mam.—Mort., 6 a . .1920 1 1 0 % 110%
9 ........
Sprlng.Div.—1st 7s............... 1905 ‘ 103 %! 105~
viort. gold 5 s........................
91
r6
lat, oon. gold, 5s................... 1939
0 ....... 100
General 5s.......................... ..1 9 3
Land grant. 5 b, g.................
77
80
Pt. Huron Dlv.—1st, 5 s ---- 1938
s i ........ .......
Ohio R iver B B . - l at, 5a..........193t 103
Cal. A O. Dlv., ext., g. 5 b . .
&*102 103
Via. Oen A Pen.—la t g . 5a....1 9 1 8
Gen. g .,5 a .......... ................. 193
i?eat. Paolflo—B onds,6 3 ...
7 ......
lat, 1. g.. ext. g., 5 s....... ........ 1930
Omaha A 8t. Louis.—lat, 4a..1937
58
B *87
::::
1st eon. e., 5 a .......... .
1943
Oregon A Califor.—le t, 5a, it. 192
56*2
.........
Ft. W. & Rio Gr.—lat, g., 3-4S.1928
Oregon Short Line—
Cent. Washington—le t, g., 6 b.M
3 ....
Gal. Bar. A Han Ant.—1st, 68.1910 106
Utah A North.—lat, 7 a ......19 0“ 115
102%
Gold. 5 a ...
19?r ICO
2d m ort,, 7e........................ ..1 9 0 5 1 0 2 % 105%
Ga. A Ala., lat, pref., g 5 s . . . l Q45
Non-cum. luo. B. and ool. trust
.......
Ga. Car. A N or.—1st, gu. 5a, g.1929
Penn-P.C.O. A8t.L.Cn.g.4J*u a 1t*■■ 109
IOO i o i j Bousatonle—Cons, gold 5 a ....1937 123
Do
do
Serieo B 1942 108
N. Haven A Derby, Cons.5a..191 f 1 14
Do
do
Series 0 1942
........
100
Hons. A Tex. C.—WaeoAN.7a.1903 12r
Do
do
Series D, 4s, 194
M , 6a.........................
3 113% .........I let g., 5a (lnt. g td ).—.......... 1937 111 %
I&iaago & Alton—8. F
P .C .A B .L.-l8t,e..7s............... 19*1
0 109 u i
Cons. g. ea (lnt. g t d ) ...........1912 ‘ 101
138
Pitts. I t . W. A C.—1st, 7 a ...191
Louis. & Mo. R lv e rIllinois Central­
) ........ ......
2d, 7 s .................................. 191“ 138
3
is t , g., 4s ........................ ....1 9 5 1 M08
140
3d, 7 s...................................191
*100%
1st. gold, 31ns........................ 1951 100 101
Ch.St.L. AP.—la t,con.5a,g.. .193; 116%
5 ‘ 104%
Gold 4s
............................1952 *102
111
Olev. A P .—Cons., a. fd .. 7 s .190
OhJo
103
2-10 g „ 4a...............................1904
100%
Gen. 41*8, g., “ A ” ........... 194
110
d Cairo Bridge—4a................... 1950
owa I
Do
do
Series B 1942
99%
104
Bpringf. Div.—Coup., 6a___ 1898
31nlL_
St. L.V. A T . H.—3a t.6 a .,7e.3S9
*93
Middle Dlv.—Reg., 5a..........1921
104
2d, guar., 7a........................ 189
O. 8t. L. AN . O.—Ten 1.. 76.1897
Gd.R.AT.Exfc.—lst,4is8,G .g.l 94
n co
102%
lat. consol., 7a..... ...............1897
Alleg.Val.—Gen., gu., 4a, g.1942
105
3 102%
123
Gold, 5e, oonpon................1951
N. A C in.B dg..gen.gu.41*s.g .l94 5
*139 ....... [
Merup. Div., lat g. 4a....... 1951
Penn.RR.—1st real, eat g. 4S.1923
*139
105
lat, 7 b, $
tnd. Dec. A W.—le t, g., 5a....1 935
Cle. A Mar’ta—lat,gu.g.4i*s. 1935
‘ 139
Ind. Ilia. A Iowa.—1st, g, 4a..1939
90
lit , 1. *
D. ttiv.RR. ABdg—lat.gu.g.4s.’ 36
. j lat, ext., g. 5a........................1943
3 139%
Peoria A Pek. Union—lat, 6a. 192
114
139% 141
lnt. A G. N’n.—3d, 4a, g ....... 1921
4"<
2d m ortg., 4%ts......................192
*SO
3 1 >3
41
lat. La
Km g8Co.-F.El.,lst,5,g„£U.A.1929
Pitta. Cleve. A T o l.—lat, 6 a ...192:
) 129 131
103% Pitta. A L. Er.—2d g. 5a. “ A ” . 1928
lt t, H
Lake Erie A West.—2d g., 5 s .1941
0 107 109 , North’n Ohio—1st, gu. g. 58.1945
1st, B
99*2 100
Pitta. Mo. K, A Y .—1st 6a.......1931
D 119%
L. 8. A M.Sou.—B .A E .~ N ew 7a.’ 98 * 1 0 ls
Pitta. Painsv. A F.—let, 5 s . ..191*
0 *109%
Det. M. A T.—1st, 7 b............ 1906 120 i ’25* Pitta. Shon. AL.E .—latcon.5s.1943
i 114
O. A L. 8np. Dlv..
Lake Shore—Div. bonds, 7a. 1899 104
!Pitta. A West.—M. 5s, g.1891-1941
i 115
»» r g o A Booth., 61
Kal. A ll. A G. P..—lat gu. 5a,1938 120
Pitta.Y’gst’nAA.—1st, 5s,con .l927
5 116
Mahon’g Coal BR.—le t, 5 e.l9 3 4 120
Bio Grande So.—lat, g., 3-4a.l94< *50
B I l l ’s
LehighV.,N.Y.—la t gu.g.4i«s.l940 102 1C 2% 8t. L. A. A T. H .—Term. 5 s ..1914 105%
0 120%
Lehigh V’y Coal—Iat5s,gu .g.l933 "96%
Believ. A Car.—le t, 6a......... 1923 n s
*113
30
Lehigh A N.Y.—lat, gu. g. 4S.1945
94
Chi.8t.L.APad.—lat,gd.g.5a 1917 109%
105
ElmiraC.AN., 1st.g.lstpf.6s.l914
St. Louis So.—1st, g(L g. 48.1931
90
.......
Guar., gold, 5e................. 1914
do
2d in co m e ,5 s.1931
Iowa M idlandOar. A Shaw t.—1st g. 4a___1932
90
....... Lltchf. Car.A West.—lat 6a. g.1916
103
Little Rook A M.—le t, 5a, g ..l9 3 7
St. L. A 8. F.—2d 6a,g., ol. A.1901 116 117
108%
Long Island—
2d, 6s, g., elaea C ................1 9 0 6 116 117
109
Mil. A Mad.—1st. 6a.........
lat, 7a..................................... f8 98
le t, trust, gold 5s.......... .. . 1 9 8 7
108%
Otm. C. F. A 8t. P.—la t, 5a
Ferry, lat, g., 4%a................ 1922
93
Ft. 8. A V .B . Bg. —lat, 6 s ...191* 105 106
109
northern 111.—lat, 5 s . ....
Gold 4a.................... . .
. 1932
Kansas Midland—lat, g.,48.1937
..... .....
N. Y. A R ’way B.—le t, g. 58.1927
St. Paul City R y, oon . 5s, g ...l9 3 7
131
2d mortg., ino.....................1927
Gold 5s, g u a r ___________...1 9 3 7
130
N.Y.B.AM.B —1st con. 5a,g.l935 104 106% St. Paul A-Duluth—la t,5 a ___1931 110
*85
Brookl’nAMontauk—la t,68.1911
2d m ortgage 5a.......... ............1917 102 104
61%
1st, 5 s ..................................1911
St. Paul Minn A M.—2dM ,6s,1909
Extension, 4s.
No. Shore Br.—le tco n .5 s,g .l9 3 2
Mlnneap. Union—le t 6e___1922 122
102% 104% Lonla. EvanB. A 8t. L.—Con.5e.1939
36
Mont. Cen.—lat, guar., 6 s ..1937
*130
Lonle.ANaeh.—Ceoll. Br. 7a..1907 104^8 106%
la t guar. g. 5a..................... 1937 107
*129 131
St. Paul AS. O.—lat, 8 a ....
E. H. A Nash.—lat 6 b, g ___ 1919 1 1 2
East.
M inn., 1st div. 1st 5s 1908 105%
........
Penaacoia Division, 6a........ 1920 1030a
W "u srABiouxF.—1st, g ,58.1938 108
*118
St. Louie Division, l6t, 6a...1921
Ban Fran. A N . P.—le t, g., 5s.l919
2<1.38 - - - .............................1980
8av.Fl.AWest. 1st, con. g.6a.!934
Naahv, ADeoatur—1st,7 a ..1900 107
Seaboard A Roanoke—lat, 5s. 1926
1. f.,6a.—8. A N. A la............. 1910
8eat.L.8.AEa8t.,l8t6s,aast.pdl93t
in
112
50-year 5a, g.......................... 1937
Southern—Ala. Cent., le t 6a .1918
Pena. A A t.- lat,6 s, g o ld ... 1921 101
ktl. AOhar.—Inoom e, 6a...1 9 0 0
Clev.A ■
........
Collat. trust, 5a, g ....... ........1931 '101
Colum. A Green.—lat, 5-6s,1916
70
*68
L.AN. A M.AM.—lat.g.,41*81945
E.
Tenn. V. A G a.-D ivta .5s 1930 116
86
Naah.Flor.A8.—1st, gu., 58.1937 *87%
Rioh.& Dan.—E q. a. f. g. 5 s .1909
*........ 90
80.A No.Ala., oon. gu. g „ 58.1936
94
Deben. 5s, sta m p ed _____1927 io o "
....
Kentuoky Central—4a, g 1987 *88% 90
Vir’a Mid.—Serial eer.A, 6a. 1906
WhlteW.Val.Dlv.........
L. A N .-L o u . O.AL.—g. 41*6.1931
Series B, 6s.......................... 1911
*88
Series 0 ,6 s .......................... 1916
100% .......
Series
D, 4 -5 a ..................... 1921
Coneol , 8a..
*120%
Series E , 5 a ..................... 1926
*110 .......
Series F, 5 s . . . . . . . .............. 1931
*105 >*
1st, oona. income 3a, g____ 1939
16
Gen., 5a, guar., stamped .1936 104%
......... dexlcan National—1st, g., 6a 1927
Wash. O. AW.—la t our.gu.4s, 1924
1*__
20
2 d ,income, 6e, “ A” .............. 1917
Sunbury A Lewis.—1st, g .,4 s .l9 3 6
*107
2d, incom e, 6e, “ B ” .............1917
Ter. Aa’n of St. L.—lat, 41*6 1939 107
I ...
. . . . . . Alohigan Central—
1st, oon. g. 5a..............1894 1944 +107
'*107%
...........- ..............-.................1909 *116
SLL.Mer.Br.Term ,g.5a.gn,.1930 *103
*101
Coupon, 5s..............................1931 *121
Texas AN ew Orleans— lat.7a. 1905
Mortgage 4 b______ ______ 1940 lt»7
Saume Division, la t, 6a
1912 " i b T
........
66
Bat.L.AStrgia.—Ist,3a,g.gu’ l9 8 9
Consol. 5 s .g .
...........—. .1*19431 “96
*15% 16
lin n . A tt. L.—1st, g. 7a........ 1927 14 i%
Tex.
A
Pac.,
E.
D.—1st,
g.
6s,1905
*105 >*
Dai. t »i a. A W .—
Iowa I xtenaion, lat,7a.
1909 118 128
Third Avenue (N.Y).—] at 5a, 1937 122SJ
*
131
Boutbweat Ext.—let, 7a.......1910 121
*
T.AO.C.—Kan.A
M
„
Mort.
4a.
1990
76
128
E;It ~ l0 t>6 8 ........... 1921 119 ........ Tol. Peo. A West.—lat, g., 4 s .i9 1 7
70
Morris A Essex—1st, 7 a ....1 914 *i 43% ........ i rP ¥ l2 Om
Tex.—1st, ext., 5a, g.1944
Ulster A D el.—le t, oon.,6.,5s 1928 101 103
‘ 109
Mo.K.AT.of T ex.lst,gu.5s.g.l942
79
"80% Union Paoiflo—le t, 6 s ___ _
1896 102
102 %
Ta o f 1871............................1901 *111
K»uaaa City A P „ lst,4 e ,g ?.l 990
74
67
6?.................................I I il8 9 “ *102
la t,con ., guar., 7s______ 1915
145
Dal. A Waco—let, 5a, g u ... 1940
le t, b e .. ..........................
1899 *H»2
Warren 2d, 7 a ................... 1900 108%
flaaouri Pacific—Trust 5 a ...1917 *
72
Collateral Trust, 6s. H ....... 1908 *100
D.AH.f an.—Pa.Div.,ooup.7a.l917 143%
1st coll., 5 b,
1920 *60
70
Collateral Frust, 5 s ....I
1907
Alhan, A 8naq —lat,gu.,7a.l906 *120 .......
mobile A Ohio—la t ext.V 6'a":i922
Kansas
Pacific—1st 6s,
1895
lat.oona., guar., 6a......... 1906
ot. L. di Cairo—48, guar
1931 *83
1st, 6 8 ,^ ... ....................... 1896
Revs. A 8ar. 1st. loup., 7 « .i9 2 i 148’a
forgan’ s La. AT.—lat
117 119
O. Br. U P —F. e., 7s.......... 1895
Dent Tram way—Cone. 6a, g . 1910
50
le t, 7a......................... .........1918 126%
Atch. Col. & Pac.—1st. 6s.. 1905
30
Metropol. Ry —lBt,gu. g.6a.l911
.......
109
32
Denv A R. G.— u p g., 5 s ...1928
........
87% 1
nvUA
n v 001” 181**'*58' 1918
Waoasb—Debenture,
8er.
A
1939
Det.M. A M.—L. g.
a,aer.A.1911 .......
18
r.Y .C en tral.—
* ',6 m
Debenture, Series B . . .
*1 9 3 9
29
Det. & Maok.—la t lien, 4a,g.. 1995
Deb. g. 4 b .............................. 1905 104%
Det. A Ohio. Ext. 1st, 5s,
1940
4a, gold....................................1995
100
N.
J.
June—Guar,
lat,
4
s
..
*1986
104
8t
L.K.C.&N.—8t.C.Bdge6s.l90^
B ne—
108
Beech Creek—let. gold, 4 b'.’. 1936 107% 108%i West N.Y.A Pa.—Income 5 s ..1943
1st, ext. g. 4 s .........................1947 *112%
Osw. A Rom e—2d, 5 b. g..gn 1915
W est Va. C. A Pitts.—le t, 6s. 1911
2d, su e..iled , 5 b ....................1919 *119 121
U t l o a A B l B1v . - i a, ’?g ; ’ g S : i f l 2 2
Wheei.AL.E.—1st. 5a, ttold.. 1926
8d, extended, 4 ................. 1923 112%
91
r
v
Vi
w
a
V
18*
1
'
K-»
KU.1P93
W heeling Div., 1st, 5s, g " i l 9 2 8
» t b , extended, 6a..................1920 119% 120
J
C li,
4r
ioofl 104
Extension A Imp, g. 5s . . . 19: o
<5% f Y <4 Vnpfhprn—Tat
loorr
H 8 193* WD f ent. Inonvpp
* No price F riday; these are the latest quotations made this whaIt p rtl.
:
-------- ---------------- — ------v
iuib wees. ir0r fllecellnucoua Ilonas-6ee 3d page preceding.

THE

O c t o b e r 80, 18 9?,]

Jnucstmewt
ikSTD

817

O H R O JN lC L E .
R oads .

Latest Gross E arnings.
Week o r Mo \ 1897.

J

1896.

j Jan. 1 to Latest P a ts,
1897.

1896.

$
S
I
2,005,692 1,764,464
1,341,188 1,4 16,793
27,773
33,755
205,092!
212.958
417.844
359,846
3,785,662 3,475,968
90s,136
891,942
251,796,
196,441
187,215!
S /,78 2
1,781,422
589.640
408,774j
282,406
318.283
310,197
45,409
42,402
2.755,142, 2,716,161
271,6) 0]
292.720

*
tlnteroo. (M et.) Wfc Oet. 9
52,129
42,747
Iow a C entral... 3d wk Oet.
43.603
41,466
Iron R a ilw a y ... Sejrtaoib'r.
4,131
2,517
Jack. T. A K .W . A ugust___
19,002: 20.402:
KanawhaAMteb 3d
o e t.
10,479,
9.376
K.C.F.SoottAM. 3d wk Oet,
98,375
89.807
RAILROAD EARNINGS.
K.C.Mem, A B lr. 3d wk Oet,
23,710,
26.672
Kan.
C.
N.
W
___September.
3
0
,9
19j
22,56 if
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.Oity AO*n. 3d'w k Oct,
8,796:
4.310
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 retu rn 's
K.
O. Fitts. A & .. 3d wk65.5271
Oet.
18,678
c a n b e o b t a in e d . T h e first t w o c o lu m n s o f fig u r e s g i v e th e Kan.CX Sub. Belt 3d wk Oct.
9.513
5,252
8,356:
8,01,8
g r o s s e a r n in g s fo r t h e la te s t w e e k o r m o n t h , a n d t h e l a s t t w o K e o k u k * W est. 2d wk oot,
L. Erie A l l * S o . Septemb'r,
3.852,
4,405
c o l u m n s t h e e a r n in g s f o r t h e p e rio d f r o m J a n u a r y 1 t o a n ., L. Erie & West. 3d wk Oet.
67.369
66,132
i n c lu d i n g s u c h la te s t w e e k o r m o n t h .
Lelileh <4> H ud.. Septemb’r. „ 36,7501
______
30,913!
ecu Ul U:i !. E li, A ll : II ' : . . . 2.011,174 1,827,840
The. returns o f the street railways are brought together sep
i.»-!). A. C ell Co. A u g u st... 1,581,035 1,166,001]
■Xt t z u y o n a s u b s e q u en t p a g e .
Vex’gtfm&EaM. A ugust ..
17,182
14328
138,709
138,880
437,991 390,853 8,132,655 3,079,366
e Islan d ___ septem b'r.
Latest Gross Earnings.
I Jan. 1 to Latest Date. lam
isia Aug. Term, septem b'r.
8,017,
6,147
72,523
68,781
ROADS,
31,197 1,1 71,7 -9 1,243,497
33.694,
U m Ja.£v.*S U * 3d wk Oct.
1890.
! Wmk&t M& 1897. ! 1800- | 1897.
W K H. A St. L.. 3d wit Oct,
11,835!
3,080
401,121
372,952
3d wk Oet.1 119,515 ■111,065 16,536,374
"36,874 16,021.719
i
#
1
*
#
9
\ lAuisv.A'Ktuhv.
Macrni A Rtrm.. SeptetubT.
5,878
0.001
43,314
42,799
19,887
135,210
20,865
A d iro n d a ck ... . . ■A iig m t....,
128,745 ! Munlstlque....... s-p tcm b ’ r.
11,303
11,261!
97,519
10 1,-4 2
wk Oet.30,7*0
31.611 1.245.552' 1,171, >29 : Meiauliisit-Ohiu 2d wk Oet.
A la. <i!. Swath..
29,500
30 ,1-1! 1,052,598
958,679
439,430
44,00 t
45,303
Ala. Midland ... AfJ£0*l... v
395,006 | tMexlean Gent.. 3d wk Oct.
2 « l,7 li) 20 1,911 10,0-15,14- 7.9 6 6 ,-0 6
A.i&. N. O.Te < A Pac* June
08,753: 109,981
018,742
K, Ctrl, a If. h septemb'r..
92B,O"0 Mexican Inter*!. A ugu st___i 234,748 204.152 2,017,559 1,895.168
1)4,705 4,754,554] 4 ,'3 2 ,0 5 9
38,#55-l
5 5 ,8 .0401,113
388,210 ! IMex. JfaBoutil.iad wk Oet.] 112,687
Ala. A Ylekab.
b'.r.
Northern. August .. .
12.51-:
53.331 - 378,826
531,838
40,740'
. .
373.244
Vteka.Sh. A P B0pWAtt$*r..:
388,230 l Hex.
Mexican
R’
way
Wk.
O
c
t.
t>
71,500'
69,000 2,910,407 2,421,093
238,047
H**pieu>
Wr.
Allegheny V;u.
101,154 1*82 8,*37: 1,759.8-M Mexican So. . . . 1st wkOot.
1 1 ,-0 0
10,006
535,753
41.-1,401
28,354
A s a A t t o E ........ -:m wk Oct,
22,
i 1.025, 12
934.361
57,7"1
52,273 1,6 6..V77, '-,585.605
7,006!
■Aa
fB st. ..
Ark. M id la n d ,..,....
................................
60,132
58,204 |
112.813 112,712 2,941,810 2.9
' --3,597
Ateh.T. A is .t v * Soplen.b'r. 3,423,218] 2,a t 1,51.1 39.6w.jiK > 21,
Mo.
Kan.
.V
Tex
.<1
wk
Oet.
317.805
315,360
8.891,34- 9 , 1 0 6 , - 7 3
127.936 130,711
Atlanta A Char J t t lj.,
9 3 1 ,8 7 5
827,051
Mo.Pao.AlrotiM 3d wk Oct. 572,000 473.0
16,999,00'! 17,262,733
2-7.504
AU, Knox. A Sb, :&tiptem bT.:
201 8 9
2 1 445211 6 3 0
20,00 i
Central Br'cij. :t.l « k <n-r.
16,m>
843,000
591 382
40,909
44,096
Atlanta A W. 1* A u g u st..
8 4 8 .6 5 4
3 2 0 ,42 9
T ota l........... 3,1 wk <},:•>
' ■J.--i
4 8 9 .0 0 1 9 ,8 9 2 ,0 0 0 1 7 ,3 5 4 ,1 1 5
12,033
Atlan. A l » 6 <
ml » k * i t.
13 .115
4 2 9 ,4 2 6
4 3 6 .82 8
6,367
M
o
b
ile
*
8Srm,.
H
tw
B
O
ct!
1
0
,0
0
7
2
2
4
,8
I
t
!
2
u ,4 9 0
10 ,741
Austin A M west) Aumirt
21,669
13 556
164,171
Mobile A Ohio Senumib'r, 3 1 0 ,1 0 9 31 -,-99 t , 828,-755' 2 ,‘>-S, .30
Balt. A Ohio
SKptemb’ r,;' !,319.068 2.292,931 18,942.121 18,20 ',20fi M
6nt.AMek.GU
July
114,722
90,t)i
1
797,534
605,389
'
8H.4kO.Sou'** 34 wk O ft , 141,861 127,98V 5,120.640 4,922,8m
. , ... -NadtephMkSt.K Hcptemb’ re 486,632! 4 3 >.082 4,0 -7.748 3,693,607
Bath A Haudnnr \ueu*r.
3,337
2,356
15.6-7
‘
NeL
A
fr
.S
tt
’p'u
August
..
1.(1,205
14,011
2,50!)
B n . * A tlantic. S. ptarnb'r.
2,583
16,467
3,243
24.406
Central. August ...j
2.007
2 1,056
Branaw
A ugust___
44,971)
4 3 ,-2 9
3 6 0 723
306,039 i Nevada
•V . C. ,v H. B ..-Septem b’ r 1.483.919 3,90*
(6,4.92 33,735 ,4-6 32,406,464
7 - ,0 r t
BttKRoeb.APitt 3d wk Oct
77,521) 2,722,907 2,009,7 »■* N
N .T .O u t A W ..:;id wk b ..
79,013 3,163,159 3,095,096
93 465
Bnffai-, A s u s o .. Svptemur,i
6 7 ,-6 3
61,902
418,771
363,836 N.Y.susu.&\V,. s„|.tcnib'i. 199.012
211,102 1,602,431 1,H .5,024
B o r .i‘ Kay. A S :M » t *>,-*. 108,ae*> 121.517 3.34; ,058 3,552.576
Norfolk A W est 2d wk ( le t 260.1)47 2 2 -, 111 8.301,41' 8,717,210
OanadlanPacutv :'M wk Oct. 619,004 8 t,0 *- 1 8,3 2 7 ,3 1 0 15,970,39
4,709
.40,91,3
4,723
37,389
Nortiiee’
n**
la.)
.A
u
g
u
s
t
...
Gar. MM!a n d ,..:Scptem b'r,!
41,579
48.87!
7,611
7,996
42,717
4 4 ,-7 0
O u t . o t tleorxi* 3d wk Oet.! 135,156 130,709 4.039, 69 4,011,927 Nortbc-'n (8 .0 .) M ay..........
4
,8
8
5,4
11
4
,5
5
9 ,3 3 5
594,148
076,
55
North'n
Central
SeptetubT,;
Central e l it. J -"P t eu, b'r. 1,209,04*1 1.1.0.702 9,249,781 9,221,926
5 4 4 ,5 0 1 15, >14,163 1 4,8 3 8 ,0 2 6
Central P m U o
1,4 <9,233 1,11)0. -13 8.655,28 i 7 3 '0,52 < Sortb’ n Pacific : .1 wit Oet
2,834
Oconee
A
West.
Juno
.......
2,005
17,133
16
767
Ch»r!eat'nAis*v. A u g m i,.
3.5,502
30,301
421,999!
3 8 7 ,130 Ohio R iver......... -d wk *>ct.
22,',79
20,428
773 459
795,749
Char. A W. Car. •M»y
5 0 ,2 9 1
38.93.4
Ohio
Riv..*r
Chu*
-cjitcm
!-’
!".
131,761;
130,963
15,176
10,018
Otie*.A O hio___ltd wk Oct
826,626 205,424 8,9' 4,968 *,205,105
(.8 0 <3
69,079
Southern., ’septem b’r.
471,9821
550,590
Chic. Bur. A Q « Jbtpt.-mb'r.' 1,414.243 3,104.519 28,253,161:24,624,281 Ohio
531,9 O
4-0 ,4 8 4
18,58-1
10,5.33:
Ohio. A East. 111. ;td wk O e t 103, c »
97,464. 3,161,164 3.074,036 I lui.Kan. C. A E. 2d wk Oct .
491,183 304,883 2,480,162 2,182,319
Oble. U t W e * f»;3 4 » k O n . 118,610 102. 29 4,0 1.,5 65 3,790,972 Oregon 1mp. Co. A ugu.-t
698.206
3,071,959;
3,102,807
451,064
Oreg.R
R
.A
Nav.
Septemb'r.
Chid, Smt A
wk O c t 1 73 ,"7 5
S g .U u
501,414 477,848 3,766,701 3,525,618
Qreg. Bh. U n o .. August
Ohle.M U .Asi.P. 34 wk Oct, 823,202!
270.4771 307.5O5 3,2 0,774 2,9 i 8.404
Ohio. A .V th w 'u . 8«ptet«;.'r 3 ,5 6 1.045
5,859.039 5,176,339 48.788,570 46,000,970
ChlAl’ eo.A “ t U s - p o - m .i i.’ r.
65,998
17,910
19,022
723.503
091,216
Ohle. n s 1. A p Seplemh'
DvBletnb’ r.
r :1B07.691
40 510
39,698
432,231
420,020
Ohle.StP.M .AO :» * i.t*-.uf,
•* ‘ ‘ r. f»;*l ,5*83
....................
450.230
426,417
2,705,870
2
,’
09,068
Chlc.Ter Tr.HR. 2d wk Oct.
22,975
ChlA A W. Mich. 3.1 wk Get.
35,110'
34,13( 1,328.0*9 1,320,552 Phi la. A f t e w l . . . m t,-r, -2,021.275 1 84 1.70 - 15,256,0 5 15,198,395
Coal
A
Ir.C
o..
iSKpu-mb'r.
2
421
811
2
171,411
15,091,310
10,168,831
107,740
Cher. o k . A d o l t August
027,030
66.278
092,238!
T o t both Go’ *. Srntenih'r. 4,446,086 4,01 *,109 30,917,931 31,307,226
(5 n S .O . A T, P. r- j.-oiu b 'r, 327,149 284,551 2,61-3,094: 2,479,178
’• Read. 4* S......
06,470
05,4(15
469,632
513,463
, g ,...................
Septetnb’ r.
G !«v .C a n .A 8 o .. 2d wk o e t 12.M14
541,071 Ph.
9,809
484,030
7.83,827 930.527
............
..........
G t.O n .C li.A 6 tl :)>t wk Oet- 303.1 9 2)10.022 1O,91O.067:10,432,475 Phil. Wlltu. A B. Aiuru.-t
I
352,677
1,176,787
10,736,0.
I
10,875,020
Pttts.G.0.A8t.L.
.-rptrm
h'r.
Peo. A Eaat’ n 2dwk
40,082
34,801 1, 79,631 1,210,896 PHte.Ltsb.AW’n Septemb'r.
31,853
3,797
4,"73
31.968
Cl.lx.r. at W heel 3d wk ' in .
40.683
20,451 1,030 336 1,075,521
437,375
480.474
48,208
51 381,
G e t Midland— , SOE-tcnib’ r. 162.1 It
154,301 1,274,172 1,378,407 P1ttABes.AL.E. Srpt* inlt'r,
32,289 1,3 *3,877 1,390,403
35,537
C o l H. V A T o l Bci-u-mb’r. 233,139 228,217 1.051,097 1,852,052 Pltteb. A Wes'u 3d wk Oct.
14,1141
21,96
V
094,008
622.507
.7
,
oon
«
U.IB.VI.O
Pitta. Cl-ATol. 3d wk Oct.
O olA R edM ount J t u y .......
6.841
< I (Sow
---------Pltfa
_____
282,422
311.331
8,812;
10.273
)Q
9.i<)
Qlif)
1
IMS. rPo
. it.. AF.|3d wk Oct.
Ooi.Sanrt’y A tl. ,i wk» Jou r
46,964
342,909
349,074
49,880
50.042
2,365.032
07,775
2
343.480
Total
system
.,
3*1
wk
Oet.
Gslusa A £Ake...i8«ptenib*r.!
3,100
2,500;
16,455
13,101 Pltt.Yoiuiv.A a . SOptemb’r. 158,022 111.857 1.065,9371 1.099,042
Or7 * t a !.............. August........
1,311
8,235
782
8,421
480.452!
40,070
488 585
A P ,'A u g u st....
50 128
O e ic b T d Valley A n gu s!___
84.374
8O,0<>4
500.58-1 i 543,720 RieluFr'ksb
256,751!
24,653
20,827!
260,304
D ea r. A R io o r 3d wk Oct.! 172,500 105,60*1 8,798,967 5,815.010 Kiel*. A P etersb. 1Heptoinb'r.
294,153
306.545
8,042]
8,530]
Oes M. A K and • 24 wk Oct.
2.424
2,417
110,14!
90,599 R loG r.S outh'n, 3d wk Oct.
51,700] 2,275,430! 1,894.631
70,000!
Oee. M. N. A W . Hetrteinb’ r
42,067!
826,093 Kio Or’de West.;3*1 wk Oet.
■11,187
310,681
890,649
28.100]
545.902
31,500,
O e tO .K a p .A W, 3d wk Oct.
28,127
960,290 B bJos.A O r. I.,.|3d wk Oet,
21,691 1,028,245!
211,000
28,419!
218,243
21,833!
8t.l,. CU.A St. P. 8«ptem b'r,
Det. A li m a No. 3d wk Oct.
9,355
6,294]
43.160
St.L.Kc(i'ct,V.-o.
,-cp:em
b’
r.
0,7821
O a t .* Mackinac A ugust___
33,818
'aK oao
318,049
104,504 134,280 5,177,717] 4,851,596
-Duluth A tr. R. Septcmb'r. 357,250 110.772 2.227,591 1,789,262 St. 1, A 8»n Fran. 3d wk Oet
138,093 120 104 3,040,307 3,708,821
Southwest, :3d wk oet.
31.888
Dulutha.S.AAtl 3d w« Oct,
82,609 1.207,7*01 1,641,822 8VL.
177 1 25! 109 041 1.092,400 1.060,767
■ Ig in J o lA E a st -rp i.-m b r.
99,728
99,930
853,812
809,133 Ht. Paul A D u l.. Septcinb'r. 203,756
220.032 1,240,7 9 1,163,302
San Aut- A A. P . A ngu s! . ..
f rt* -................. A ligns! . . . 3.1 81,- » v 2,687.660 20,92-,'791 >0,054,202
,-90 084
09,827
85.053!
561 803
7,786!
Boreka8prtUK» A u g u st....
” ~aa
‘ 40,943 SanFran.A N .P. Septem b'r.
5,001
43,705
49,44 3
S.Fe
Free.
A
Pin
Aug
,st___
52,267,
•vans.Afnd'pli* M wk Oct.
0,497
240,0*0
6.405
328,9*0
2,227,941
2,227,816
227.835
237,772
list.
Fi
a.
A
West,
A
ugust___
Bran*, ot R leh,. 3dw k A «a .
1,390
73,561
2,451
51,713
59,064
05,271)
B v a n s T .A T .il 3d wk Oct,
22,270
86 *,078 Seab'd & R 'n ke. J u ly ..........
20,190
876,819
8.904
12,571
Pltetib-.,.-......... August . : 805.181 623,093 4,033,953 4,756.461 Slier.SUrev.ASo. 3d wk Oet.
10,119
129.861
14,304!
134,125
Stl.r*prs.O. A l l . August . . .
m a t A P.Marq. 3d * k Oct,
89.179
49,485' 2,205,059 2.102,439 -O v e r to n _____ .SeptembT.
0.803
6,000
Fla.C*nt. * Pen. 2d wk Oct.
30,272
34,594 1,809.918 1 ,6 7 ,,3 -7 *o.H aw n,vi-.a-t Septemb’r.
20,531
3,703
20,5 9
.
3,578
Pt. WT!hADea.(J, 2d wk Oct.
709.255
32,034.
20,229
81)7,268
W. A Rio Or. 3d wk Oct.
16.220
8,015
244.9 1 - o . Paelttc Co. |
27 0,9.7
2,919,377
431,650
3,109,175
427,823
Oal.Hur.A *, A 'A ugust___
Gads. A a tt. V . SepteraVr,
8.061
647
852
6,377
78,270
571,953
* 60 909
Oouls’ a. West. A ugust___ 101,366
G aorktaR K ----- .id wk Dot.
41,102
39,733 1,22*,151 1,187,131
Morgan’sLiVT, A ugust___ 448,951 854,010 3 3 4,08* 2.9-4.692
a eorsia a A la ,.:3 d w k Oct.
659,943
21.004
850,039
29,3.-i'
204 410
33,529
144 055
43.401
N
.Y
.T
,
A
Mex,
A
ugust___
G A C a r la A Ho Aiiknst......
5*12,497
75,802
87,8891
682.630
858.009
m 714 li;.H 0 7 1.012,-47
Tex, AN. O n .. A u g u st.... ■ 132
Gao, So. A na..:.*»eptei«b’r,i
050,402
76.110
70,494
632,3- 9
8,22).- 431 7,*15,759
1.165,1391,031.341
Atl.
Prop'tes.ft
August.
.
.
.
* t . Rap- * I o*i . 3d w k O ct,: 40,030
33,309, 1,567,351 1.579,176
Paclllc system A ugust---- 3,404.575 2,829,249 21 5 4 4 ,95 0 10 3 )8,71 6
GIH.R.A r t W. :3d w k O e t •
'
325,355
8,510322,678
7.6201
Total of all./ August---- 4,889,190 4,143,321 31,831.020 30,106,885
T raverset M j i;«l wk O ct;
8361
38.5*6
820'
31,383
So. P a o.of *%l. A u g u st.... 1,000,399 86*,205 6,490,500 6,-9 9 .6 0 4
Mbs, <i. R .4 I. 3d wk Oct,
101,018
2,573
2,0*6
93,611
214,031 150,8110 1.V43 871 1 466,154
A ugust---Bo.Pao.orArtz.
T o t all Uaesjikl wk O et:
52,505
43,735 2,015,022 2,044,134
743 910
890,100
80,066
107,932
So.Pac.ofN.M . A ugust—
« r T r a k !t j* r r n ]3 d » k Oct. 538.674 523,68*' l-,3 7 9 ,2 2 0 18,019,776
234.158 219.712 1.4 8,574 1,3*2 897
Nortbero
R
y
..
A
ugust___
Chic. At <it. Tr - d wk Oct
68,139
05,015! 2.458,034 2,5 0,016 Boutliern R y___ 3(1 wk Oct. 4 .2 024 420,331 15,457, 0 1 14 078.200
764.718
0 et.O r H AM .did wk Oct.;
20,028]
21,625
793,942
420.372
273.401
44,861
50.918
Ma> ;d wk Ov-t.
102,056 Spok.F'ls ANm August___
3,237
2,41*:
93,935
20 918
10,086
30.871
9,607
T o la . & Musk 3d Wk Oct.
05,569 8 to n y d .A C .M t A u g u st....
2,471
2,064
87,430
333.M1 79,282
66,319
404,815
Bumuitt Brail cb M ay..........
Great N unb'n3
0.049
06,881
67,04!)
370.627
Lyk. Val. <:oul. M a y ...........
S t-P .M A M -Jeptciab’ r, 2JS48.030 1,782,313,11,071,723 10,190,**59
Tnt'l both Go's August___ 141,707 117.95“ 1,088,84-- 1.182.008
East o f Mi!in..:wvpteui b*r. 263.759 2 2...........
9 ,5 5 0 "1 ,243,633
---------- 1,321,70-14.937
9 356
206.418
201,004
Central.. 2d wk Oot.
Mon tana);« » !. -ci,tem b'r.
189,916 158,837 1,43*9,180 1,443,750 Texas
T ot
o t *> u-D j.r* nih'r.
• 2.4S8.765 2,170,200 18,804,495 13,550,183 Texas A Paelbo. 3d wk Jet. 227,353 189,9*2 5,285,699 4,932.938
3,5**7
4,569
06,938 T ex.S.V .A N.W Septemb’ r,
m fW m n i^ K f y ^ v temWr.
H,421
9,582
91,214
23,920 1,290,584 1,404.954
38,393
28.808 T ol.A O bloO ent 3*1 wk Oet.
g u l f A fJ b lia g o
3,033
4,357
30,879
24,553
715.028
26,084
760 644
89,509 Tul. P, A West. 2d wk Oot
Soon. T an ,
II. { p {era b'p.
3,73"
40,047
5,183;
52,298 1,800.415 1,698,094
50,808
S on s. A Tex,tier, - ujrust..., 279,358: 254,180 1,813,149 1.765,980 Tol.Ht.L. A K ,c 3d wk Oct.
lilltinls <>7itrai' -"p !«n i,'E . *22-9400 ! 10U ’O 51 * 17118105 115573589 Unlon Paolflc—
Union P. R R .. A ugust.. 1,025,877 1,816,698 9,746,397 8,726,042
In A D e e .* Went. Iwk-.Aug.
33.2*0
20,620,
A oh.C ol.* P. i A u g u s t ..
51 i 7708
317,307
In d ,D l. A Io w a i A u g u st.,,,:
60J163-.
55,42*:
4 98.375
62,700i 31,323
202,407
Anh
J.O.A W ]
2,595.503
I m A O t, N orth'!)M d wk O ct.' 95.0629B.0H1' 2 .7 1 1,39 7

Railroad Intelligence.

THE

818
Latest Gross E arnings.
Ro ads.

IVeekorMo\

1897.

1896.

C H R O N IC L E

Jan. 1 to Latest Date.
1897.

2d week o f October.

1897.

1896.

Previously rep ’d(70 r’ds)
8nri. Ced. Ran. A North.
Clev Canton A South’ n..
r>es Moines A Kan. City.
Fla Cent. & Peninsular.
Ft.Worth A Denver City.
Kan. City Ft. 8. A Mem..
Kan. City Mem. A Birm.
Keokuk A Western..........
Memphis A Charleston..
Texas C e n tr a l................
Toledo Peoria A West’ ll .
Un. Pao. Den. & G ulf___

$
8,666,762
112,731
12,814
2,424
39.272
32.0 *4
106.213
24,031
8,316
29,500
14,937
26,084
85,167

*
7,597,273
116,757
9,809
2,417
34,59 i
23/229
82,441
29,563
8,0330,181
9,356
24.553
70,724

$
1,093,739

9,160,325

8,041,925

1,152.909
1,118,400

1896.

Un.Pao.—(Oon.)
590.863
16,000
893,000
20,000
Cent. Branch a 3d wk Oct.
472.863
703,812
72.604
Cen.Br.AL’dL A u g u st.... 133,315
Grid total.1
*c August---- 1,965.696 1,507,851 11,609.602 10,065,952
70,724 2,035,213 2,825,633
85,167
Un.P.Den.AG.- 2d wk Oct.
Wabash............. . 3d wk Oct. 21)6.108 242,248 9,671,349 9,742,383
137,047
128,803
18,807
17,576
Waco A North w. August___
441,641 425,314 1,805,943 1,874,335
W. JerseyASea’e A ugust—
472,875
455,772
98,247
98,155
W.V.Ceu APitts M ay..........
223,208
218,855
33.502
31,371
WestVa.A Pitts. J u ly ..........
341,813
387,431
44,640
43,766
Western of Ala. August___
70,500 2,398,436 2,454,036
73,200
West. N. Y. A Pa. 3d wk Oct.
858,448 1,063,199
34,528
20.485
Wheel. A L. Erie 3d wk Oct.
40,513
40,677
Wil. Col. A Aug. M ay..........
93 046 3,605,977; 3,506,538
Wisconsin Cent. 3d wk O ct 108,284
51,790
58,023
6,093
Wrights v.ATen. August---6,503
6,959
42,203'
42.911
6,964
York Southern. August___
* Future, given do notinolude Oregon R y. & Nav., Un. Pac. D e n v e r*
Gulf, Denver Leadville * Gunnison, Montana Union and Leavenworth
Topeka * Southwestern, a These figures include results on leased lines.
b Includes earnlugs from ferries, etc., not given separately, t M e x i ­
can currency, c Inoludos only half o f lines m whioh Union Pacific has
a half Interest.
<1 Includes operations o f the Ohio. Burlington & Northern In both
years.
I Covers results o f lines d irectly operated east ot Pittsburg.
( Chesapeake Ohio A So’ weetern included, beginning with July, and
Ohio Valley, beginning w ith August, but both roads for this year only.
e Figures from July 1 include results on A . T. & 8. Fe, Gulf Ool. *
8. Fe, S. Fe Pacific (old Atlantio A Pacific' and 8o. Cal. By. Results
on Sonora Ry. and New M exico & Arizona Ry., form erly included, are
excluded after J ulv 1

[VoL. I,X V

Total (82 r o a d s )______
Net increase (13*91 p. o.)

Increase.

3,005
7
4.67 •i
5,805
23,772
______
3^8
............
5,581
1,531
14,443

Decrease.
$
24,270
4,026

5,532
681

34,509

Net Earnings Monthly to Latest Dates.—The table follow ­
ing shows the gross and net earnings o f S t e a m railroads
reported this week. A full detailed statement, including all
roads from whioh monthly returns can be obtained, is given
once a month in these columns, and the latest statement o f
tlrs kind will be found in the C h r o n i c l e o f October 23, 1897.
Th 6 next will appear in the issue o f November 2 0 , 1897.

-a rose E arning s .Net E a r n in g s 1896.
1897.
1897.
1896.
®
Roads.
$
a*
136,620
Alabama Gt.South.aSept.
140,031
48^967
51,690
Jau. 1 to Sept. 30 . . . 1,154,187 1,065.168
299,711
251,111
3 44,139
July 1 to Sept. 30 ...
407,688
135.063
126,517
Allegheny V a l'ey
Sept. 238,947
191,155
119,783
62,134
Jan. 1 to Sept. 3 0 ___ 1,8 26,437 1,753,888
742,407
Latest Gross Earnings by Weeks —The latest weekly earn­
611,449
Top. A S. Fe.b.Sept. 3,423,213 2,911,545 f 1,065,179
138 2,877
ings in the foregoing are separately summed up as fol- Atoh.Jan.
1 to Sept. 3<>
23,666,085 21.5 44,676 5,218.659 5,671,535
July 1 to Sept. 3 0 ___ 9,232,025 7.954,444 12,451,217 12,188.731
ows:
13.556
21,669
2,624
7,699
For the third week of October our preliminary statement Austin A Northw’n., Aug.
Jan. 1 to Aug. 31 . . .
106.741
163.17L
17,687
46,714
covers 72 roads, and shows 11'63 per cent increase in the Bost Rev. B. A Lynn—
July 1 to Sept. 3 0 ....
92,742
82,074
32,352
32.303
aggregate over the same week last year.
Jan. 1 to Sept. 30 . . .
223,396
193,714
73,003
45,376
Butt. Rooh.A Pitts.b.Sept.
318.038 234,113
121,674
94,723
1897.
1896.
3d iceek o f October.
Increase. Decrease.
Jan. 1 to Sept. 3 0 ....
2,489.483 2,437,156
820,950
7 32.067
July i to Sept. 30 . . .
937,241
894,405
336,385
301,941
*
*
$
67,963
61,902
35,750
30,766
31,fill
38,491
Alabama Gt. Southern...
3,845 Buflalo A Susqueha.Sent.
Jan. 1 to Seut. 3 0 ___
446,771
383,636
216,132
28.354
22,843
Ann A rbor— ..................
176,316
5,511
July 1 to Sept. 3 0 ....
176,762
153,129
9J,865
12,033
13,415
85,351
Atlantic A Danville......
” 1.382
141,964
Balt. & Ohio S outhw est..
127,581
14.383
Canadian Paoiflo.a..Sept. 2,344,529 1,826,680 1,059,891
758,323
77.529
Buflalo Roch. A F Ittsb’g
78,085
556
Jan. 1 to Sept. 30 ...1 6 ,3 9 6 ,3 4 0 14,669,392 6,546,850 5,381,361
108,56(3
123,517
Bari. Ced. Rap. A No......
14,951 Cent, or G eorgia.a..8ept.
500,085
488,613
196,274
180,164
619,000
135,000
484,000
Canadian Pacific.............
Jan. 1 to Sept. 3 0 ___ 3,622,029 3,657,123 1,097.3^0 1,025,535
135,156
130,709
Central of Georgia..........
4,447
July
1
to
Sept.
3
0
....
1,241,494
1,234,011
392,728
376,855
226,626
205,425
21,201
Chesapeake A Ohio.......
103.58H
Cent, of N. Jersey, a Sept.
1.209,045 1,116,782
525,762
97,4 65
CMoakO A East. Illinois.
462,837
6,124
118,610
Jan. 1 to Sept. 3 0 ...,
9,249,781 9,221,926 3,485,366 3,315,390
102,529
Ohio. Great Western.......
16,081
Chie.Indianap * Louisv.
73,0^5
59,(80
13,895
Central P a c i f i c . Aug.
1,439,233 1,169,913
706,401
521,044
823,202
Chicago Milw. A St. Paul
778,505
44,697
Jan. 1 to Aug. 3 1 ....
8,855,282 7,899,523 3,416,487 2,831,885
35.1 >0
34,130
OttloakO&West Mlohif?ah
980
Ohes.
&
O
h
io.a
........
Sept.
937,824
869,855
323,729
299,355
303,12 *
266,02.
Glev. Cln. Chic. A 8t. L ..
37,107
Jan. 1 to Sept. 30----- 8,251,584 7,538,830 2.557,106 2,426,029
20.451
Olev. Lorain & Wheel’g ..
4 0 / 83
20,232
July 1 to Sept. 3 0 .... 2,901.932 2.572,166 1,006,359
894,069
165,600
172,500
Denver A Rio G rande...
6,900
28,127
Chic. M. A St. P .a ..S ep t. 3,210,897 2,878.180 1,152,894 1,011,115
Det. Gd. Rapids A West.
2 a,691
3,436
31,8*8
32,669
Jan. 1 to Sept. 3 0 ....2 2 .1 5 3 ,3 8 7 22,562,877 8,319,207 7,780,166
Duluth 8o. Shore A Atl
781
Bvansv. A Indianapolis,.
6,4*7
5,4i 5
July 1 to Sept. 30___ 8 704,904 7,918,773 3,194,357 2.677.74L
1,092;
22,270
Evanev. A Terre Haute..
20,«9"
2.080!
Ohio. Burl. AQuin.b..Sept. 4,414,242 3,164,549 2,032,593 1,369,664
59.179
49,4-5
Flint A Pere Marquette..
9,6*4
Jan. 1 to 8ept. 3 0 ---- 23,253,161 24,621,234 11,076,449 8,660.719
16,2 v6
Ft. Wotth A Rio Grande.
8,015
8,211
July 1 to Sept. 30 ..1 1,31 1,31 4 9,022,166 4,797,753 3,663,637
4 1 .)6<
39.733
Georgia..............................
1,429
Cleve.
Canton A 8o..8ept.
53,690
62,496
10.783
12,488
Georgia A A la b a in a ......
30.389
24.601
4.785
Jan. I to Sept. 3 o ___
45 5,423
517,831
104.800
6 3 ,1 )4
Grand Rapids A Indiana.
4 ',636
33,309
7,427
July
1
to
Sept.
30
144,122
190.454
37,511
26,363
8,510
Cm. Rich. A Ft. Wayne
7,529
99<
836
820
Traverse City................
Clev. Lor. & Wheel. .June
129,616
16
148,752
48,664
44,744
Musk Gr. Rap, A In d ..
2,583
2,086
Jan. 1 to Juue 30 . . .
606,656
497
690,585
191,867
197,881
Grand Trunk ............. )
July 1 to J uq6 3 0 ___ 1,205,148 1,588,915
477,900
375,175
Chic. A Grand Trunk }
538,674
523.688
14,986
Georgia, a . . . ............ Sept.
158,947
167,399
71,977
61,352
Det. Gd. H A M ........ )
Jan. 1 to Sept. 3 0 ___ 1,100,530 1,06 <,735
232,532
243,976
Cin. Sag. A Mack..........
3,237
2,418
81«
July 1 to Sept. 3 o ___
373.369
373,446
*36,471
*124,944
2,471
Tol. Sag. A Musk...........
2,064
407
Ga. South. A Fla.a,.Sept.
76,410
70,494
23,321
International A Gt. N o..
17,259
95,062
96,919
1,887
632,389
Jan. 1 to Sept. 3 0 ___
650,102
151,191
194,124
Iow a Central....................
43.603
11,486
2,137
July 1 to Sept, 30___
225,163
225,163
9,37ti
Kanawha A Michigan___
10,479
75,078
77,609
1,103
Kan. City Ft. 8. A Mem.
96.375
89,807
Houston &Tex,Cent. Aug.
279,358
6,568
254,180
97,015
81,757
Kan. C. Mem. A Blrm___
26,672
23,7 LO
Jan.
1
to
Aug.
3
1
....
1,813,149
1,765,980
330,046
283,037
2,962
Kansas City A Omaha ...
8.796
4,310
4,486
M
exican
Telephone..Aug.
10,522
10,281
2,723
4,549
Kan. City Pit tab. A Gulf
65,527
18,67s
43,849
Mar. 1 to Aug. 3 1 ....
63,162
61,010
16,193
23,386
Kan. City S ub, B elt....... .
5,25*2
9,513
4.261
Minn. & St.Louie.a.Sept. 225,023
Lake Erie A Weatern......
207,588
67,369
66,132
100,315
100,558
1,237
Jau. 1 to Sept. 3 0 .... 1,507,575 1,432,619
Lonlsv, Evanev. A 8t. L.
33,694
31,19?
546,041
557,711
2,497
July 1 to Sept. 3 0 ___
598,226
Louisville Hend.A 8t. L..
11,835
535,342
8,080
231,696
242,721
3,755
Louisville A N ashville...
419,515
434,065
New England—
14,550
Mexican Central..............
261,719
201,911
59,808
July 1 to Sept. 30 . . . 1,635.275
1.356.721 445,584
249,919
Mexican National...........
112,6*7
91,705
17,982
Jan. 1 to Sept. 3 0 ..., 4,142,180
4,013,206 1,116,103
888,690
Minneapolis A 8t. Louie.
57.701
52,273,
5,428
New Jersey & New Y ork—
Minn. St. P. A Ste. S. M..
11^,845
112,712
13d
Apr. I to June 3 0 . . . .
63.275
67,911
13,156
23,259
Mo. Kansas A T exas.......
317,805
315,360'
2,445
Jan. 1 to June 3 0 ....
123,997
141,408
17,242
31,663
Mo. Pacifio A Ir.* iM t ___
572,000
473,000
99.000
N. Y .O nt. & W e8t.a.8ept.
356,367
338,976 114 402
104 501
16.000
Central Branch . ........
29,000
4,000
N. Y. Ontario A Western
93.465
79,013
Jan. 1 to Sept. 30 . . . 2,918.377
2,8 17,334 801,’l3 5
818.372
14.452
Northern Pacific.............
July 1 to 8ept. 30----- 1,151,180
1,135,226 383,746
394,640
594.241
544,504
49,737
Ohio R iver....... ......
26.428
22,979
3,449
N. Y. 8us. & West b.Sept.
199,912
214,162
88.706
94,324
Peoria Dec. A E vanev...
19,02*2
17,940
Jan. 1 to Sept. 30 . . . 1,602,431
1,625.024 715,676
700,379
1,082
Pittsburg A Western.......
67,775
56,042
11,733
July 1 to Sept. 3 0 ....
591,2 41
'593.079 269,260
261,015
R.o Grande Southern___
8,536
8,042
’ **494 Northeastern o f Ga.. Aug.
4,723
4,769
1 405
1 971
Rio Grande W estern___
70,600
51,700
18.9*0’
Jan. 1 to Aug 31 . . .
36,911
37,389
9’.030
11,223
St. Joseph A Gd. Island..
23,100
31,50
8,400
July
1
to
Aug.
3
1
....
9,035
8.468
2,548
3,254
St. Louis A San Fr«n......
161,564
131,280
30,284
St. Louis Southwestern..
125,104
138.09 j
Northern Central, b.Sept.
676,255
594,148 253,955
199.086
12,989
Southern Railw ay..........
44L024
426,334
Jan. 1 to Sept. 30 . . . 4,835,411
4,559,335 1,481,039 1,112,422
13,030
Sherman SUreve. A S o...
12,571
8.904
3,667
Pacific M ail.............Sept.
270,477
307,505 def.4,896
28,764
Texas A Pacific
..........
189,982
227,353
37,371
Jan.
1
to
S
ep
t
3
>
.
.
.
3,220.774
2.913,464 614,354
384,141
Toledo A Ohio C entral..
38,393
23,926
14,46?
M ay 1 to Sept. 30 . . . 1,631,432
1,595,481 332,164
2L8,183
Toledo St. L. A Kau.Clty.
50,8 »8
52,298
1,490 Pennsylvania—
Wabash............... .............
296,108
242,248
53,86 J
Lines directly operated—
Western N. Y. A Penn...
73.200
70,300
2,70
East o f Pitts AE.Sept. 5,859,639 5,176,339 2,149,911 1 804 611
Wheeling A Lake E rie...
34.528
20,485
14,043
Jan. 1 to Sept. 30 ..46,788,570 46,060,970 14,731,113 12*,711,713
W soousla Central..........
93,04‘
108,284
15,238
West o f Pitts.&E. Sept.
I n o . 509,200
In c
389 700
Total 172 *oad»)..........
8,718,288 7,810,157
Jan. 1 to Sept. 3 0 ..
Dec. 357,500
Ino! 726!?00
951,652
43,424
Net Increase (11*63 p.c.L
Phila. <fe'Readiug....8ept. 2.024,275
1.841,758 981,952
828 732
908,128
.........
Jan. 1 to Sept. 3 0 ....1 5 ,2 5 6 ,6 6 5 15,198,395 6,444,360 6,313*978
For the second week of Ootober our final statement covers 82
July 1 to S ep t-3 0 .... 5,829,408 5,381,581 2,634,733 2;355!476
roads, and shows 13 91 per cent increase in the aggregate
Coal A Iron Co---- Sep . 2,421,811
2,171,411
86,607
105 622
over the same week last year,
g *
Jan. 1 to Sept. 3 o . . . . 15,691,316 16,168,831 df.211,001 def 3 i 740
July 1 to Sept. 30 .. . 6,625,665
5,792,839 355,447
236,353

THE CHEONIOLh

October 30, 1807,]
-—

O ross E a rn in g s . - -

Roods.
1897.
1896.
JFhtla, A Read. i Con.)—
$
$
T otal tuna Co’s ...S e p t. 4.416,086 4,01 i,169
Jan. I to Sept. 30 -..30,947.981 31.367,226
Jaly 1 to Sept. 30 ...1 3 ,4 5 5 ,0 7 3 11,174,423
Beading Comp’ ny.Sept..........................................
Ju ly l to Sept. 30 ...
...................... ...........
Total all C'omp-ia’aSapc.
......... .
July i to Sept..3® . . .
Pali, R.,
* V. Ena Sept.
65,465
6-3,470
Jaa. 1 to 3«pt. 30 . . .
513,463
469,632
18-5.662
181,775
July 1 to sept. 3 0 ___
SI, L o u R A San Fr..3ept.
541.520
<25.111
Jan. I to sept. 30 . . . 4,641,309
Ju ly 1 to Sops. 30 . . . 1.763,y l3 1,545,985
Southern pacific —
Oal.H. 4 3. Ant-b „ Alt:?,
431,650
427,323
Jan. I to Aug, 3 1 . . . . 2,919,377 3,169,175
L o ii«)iu a W e tt.b A ig .
101,336
78,270
630,939
Jan. 1 to Aug. 3 l . . .
571,!* .53
M’ gan' aLa. ATe x !> Sue.
354,080
448.951
Jaa. 1 to Aug. 31
3,354,038 2,93 4.692
X. Y. Tex. A* H b- Aug.
33,529
4 3 ,4 )1
Jan. 1 to Axis. 31 . . .
204,449
144,055
117,987
T exas & X. Orl.b. Aug,
132,714
958,009
Jan. 1 to Aug. 3 1 .... 1,012,547
Atlantic Prop't'sb.Aug, 1,< 65.139 1,931,341
Jan. 1 to Aug. 3 1 ___ 8,220,431 7,815,759
Paeiao System. b „A u g . 3 ,t o t ,575 2,529,249
Jan. 1 to Aug. 31 ...2 1 .5 4 1 .0 5 0 20,318,716
Total o f a ll.f c ------Ana. 4.389,190 4,143,321
Jan. 1 to Aug. 3 i ...3 1 ,8 3 1 ,0 2 6 30,166,885
Ju ly 1 to Aug. 3 1 ___ 9,411.3 *8 7,960,349
So. Pac o f Cal b .. lug. 1,006,399
858,285
Jan. 1 to Ang. 3 t . . . 6,499,560 6,493,60 4
8o. Pae. o ! A m b Utg.
2 U .0 3 1
159.380
Jan. 1 to Aug. 3 1 ,... 1,643.871 1,466,15 4
So. Pm . o f X. VI b M <
90,866
107,932
3mn. 1 to Aug. 3 1 ...,
743.910
890.101
231,158
Northern K r ..b ___Aug.
219,712
Jan. 1 to Aug 3 1 ___ 1,413,574 1,382,897
Seathern R *iiw *y.aS «pt 1,802,441
...
, . . . 1,693,233
.
Jan. l to Sept. 3 0 ....1 4 .1 3 1 ,2 7 6 13,336,296
July 1 to Sep!. 3 > . . . 4.8 *9,363 4.5 -7.91 *
W abash.b . . . . ....... Sopt. 1,202,5 8 1,030,030
Jan. 1 to Sspt. 3 > . . . 8,784.054 8.9 17,982
Ja ly 1 to Sept. 30 . . 3,391,324 3,163,733

-X et E a r n in g s .-1897.
1896.

¥

G ross
Ea r s Inos .

819
Latest Gross E am itigs,
W eekorM o 1897.

1,068,559
934,104
6,231,359 6,282,233
3,040,230 2,591,829
28,416
28,446
37,1:34
87,131
1,097,005
961,850
3,137,334 2,678,963
23,463
23,774
170,0 19
150,914
, 74,072
58,885
305,633
259,7.80
1,899.625 1,761,160
801.315
711,276

$

J a n .l to Latest D a te

1896.

1897.

$

$

1896.

Cen.Ry.A E l.(S ew B .);J u ly .......... . 20,500 15,738
9.471 ___
Ciu.&MutmiVal. True A ugu st___
City Elec. (Rome.Ga.) September.
2.147
1,903
17,460
15,665
C ieveU od E lectric... Septemb’ r. 140.510 134,9 22 1,203,220 1,738,862
Cieve. Painsv. A E . :Septemb’r. i 9,715j 7 ,2 4 1
64,714
Columbus Sc ay. (O.) SeoteinbT.[ 66,358; 56,383 454,095 481*51*5
------- -- 42,059
----Coney Island A B’ lyn. August----- 42,701!
237,830 244,370
Consoll’d True. (X. J.) Sopte nbT, 267,602 244,330
Daav.Gas E l.L ig h t*
Street R y....... ....... August___
8,325
67,258
Dayton Traction........ August____
6.340
5,911
Denver Con. fratnw ,. August___ 62,567 63.265 469,425 477,971
Detroit Citi’ ns' St. Ry j id wtc Oct. 21,271 19,829 883,093 839,100
Detroit Elec. R y........ Septemb'r.
29.851 34,70 • 294,861 321,769
160,036
187,495 Dulnrb 31. R y............ Septemb'r,
18,036 18,287 141,086
621,531 1,032,681 Erie filec. Motor C o.. .Septemb’ r. 12,482 1 1,528 106.844 164,017
118,004
42,894
2 4 ,2 6 1 Galveston City B y ... Sepreusb'r. 1*,542 19,148 163,39a 161,692
27.3,591
201,6*7 Harrisburg T raction l.deptanib'r. 21,136 17.851
Herkimer Mohawk [I
9*.161
76,227
ioa * F'kfort El. Ry, August .. .
2,905
3,55*2
26,508
28,7*0
739.726
535,506 H o o jio k R v ................d ep tem i’r.
640
64c
5,922
6,633
20,946 Houston Bleo. s i. Ry. J u n e ......... 17,347 17,833
23,361
92,595
95,403
86,847
45,831 Interstate Consul, of
North Attleboro___Septemb'r.
12,993 10.852
57,623
94,413
42,447
97,868
5,1S3
366,862
4,913
41,293
40,890
261,630 Kingston City Ry.......iSeptotnb'r.
Lehigh
Traction
.
.
.
.
Septemb'r.
11,145
10,353
92,123
81,408
389,976
354 122 London St. Ry. (Oan.). Soptemb’r. 14.041
7 8 ,119
13,562
72.556
2,123,377 2.122,951 Lowell
Law. A H av . August . . . 51,644 48,642 295,03
285,250
1,606.732 1.202,960 Metrop.lKAnstas City) 2d wkOet, 16,066 41,211 1,461,782 1,415,326
8,150,718 6,757,338 Metro. W. Side (Chic,I,Septemb'r. 59,137
5,170
______
2,11*7,654 1,639,582 Montgomery St. ily . . Septem b’ r.
5,123
*41"
5*21
*43*184
10.663,859 9,270,970 Montreal Street R y... Septem b’ r. 120,835 121,030 1,020,590 962,919
3,931,380 2,957,176 .Nassau Eleo. iH'k’ vu) Septemb'r. 186,034 147,496 1,474,651 1,093.355
E lectric... Septemb'r.
8,037
65,2)0
9,069
69,302
512.357
392,992 Newburgh
London St. R y .. Septem b'r.
6,319
5,216
43,683
44,049
2,647.573 2,249,793 New
N*. w Orleans Traction Septemb'r. 90,805! 98,80.1 956,3*4 1,004,479
79.718
8,538 North Shore Traction Istw kO et. 30,728 24,084 1,138,121 1,135,998
490,904
349,595 Dirli-nibarg St. R y ... Septemb’ r.
2 ,3 8 5
I 4,804
514
13,363
Paterson Ry .............. Septemb'r. 32,133 26,610 257,728 245,489
53,201
32,011
Plttsb.
Ft.Sub.
EL
Ry.
Jujus.........
16,842
443,084
3,812 1.298
8,052
267,151
Po’ kanpgie & Wapp.F. Septemb'r.
9,819
9,913
66,616
67,706
114,561 Richmond
110,333
T ra ction .. Sopteoib'r. 14.231
8,861
431.60*
471,971 Rooherter R y ............. J u n o .......... 62,899
67,192 388,192 414*678
835,410
604,8 '7 B ox >'h Oh II A X or’o Soptomb'r. 10,1115
8,457
68,067
62,033
4,0 30 239 3.430,064 aobuylltlU Traction.. Septemb'r.
8.527
8,430
6 7,086
72,816
1,433,2*0 1,353,441 Schuylkill Yal. Tran. J u n e .........
5,35!
25,533
3,724
338.357
336,932 3orant <n A Carbond'e Septem b'r.
6,214
2,332,534 2,441,848 Serantou * Pit talon- Septemb’ r.
1,175,646 1,004,975 Scranton Railway . .. Soptemh'r. 32,531 31,580 203,799 258,339
Syracuse E'sc-SideRy. Septemb'r.
3,322
2,781
24,294
28,980
Syracuse Kan. Tr Ry. Septemb’ r. 37,169 35,715 317, <18 321,719
a Xst earning* here g treo are after deducting taxes,
Terre Haute Ei’o. R y. Septemb’ r. 14,259 13,705 111,790 120,341
b Xet earning* here Ktren are before dedu cting cares.
. . . ... 1,250,493 1,292.916
* A fter allowing for other me one receive,!, total net from July 1 to Thlrd Avenue (N,Y.)_ Juue .......
Toronto R y . . . . .......... Septemb’r. 113,872 105,920 783,934 741,584
Septem ber 30 was 6116,019, against 6155,372.
1 fn t Sept . 1897, taxes aa.l -oita * amounted to 6140.914. against Twin City Rap. Tran. Ju ly .......... 182,617 177,830 1,101,210 1.130,003
161,375
9181,316, and from July l to Sept. 30 5122,620, against 8)35,518, Union (N. B edford). . Septemli'r, 20,113 19,986
189,138
after deducting which, net for dept,. 1897. was <924,365, against United Tract. (Pitts.) Septemb’ r, 122 o 14
<701,561. K mui lu v 1 to dept, .*■> nee, after deducting taxes and United Tract. (P rov.) Septemb'r. 158,930 146*919 1,295*82*6 1,3*12,05*8
Unit. Prac. (Reading) Septemb'r. 25,115 22,401 134,299
rentals. Is <2,028,597, agi.it. «t *1,653,213.
133,075
w ikefleid A S ton e__ Septemb’r.
4,978
6.231
40,549
45,810
N O IilH E R S PACIFIC.
W
aierburyTraction..
Septemb'r.
23,028
20,126
189,490
178,343
July 1 to
Chicago St. Ry. Septemb'r. 353,281 331,685
Srpl., 1897, S ea l, 1890. Sept. 30.'97 West
Wheeling R ailw ay ... Septemb'r. 16,1*7 14,000 123*524
128,45*7
Oro*« earning*............... ..................<z,510,diO 61,833.177 <6.170,761
358,982
370,63 4
Opsrallug expenses.................... .. 1,094,835
1,045,247
3,233,469 WtlkgHi). A »Vy. Valley Septemb'r. 4 3 .3 7 9 14.971

Net eari.tcfs....

.<1.415,985
42,900

Taxes

Xnt Operating I n c o m e .. . . . . . . <1,373,08*
Ml*cel. incom e,not luol. land sale*.
5*242
Total net In co m e ...................... <1,378,327

$787,930 $4,946,292
128,700
49,259
*738,671
20,222

$2,817,592
10,778

<758,893 $2,828,370

In terest (M arges an t S urplus.—The follow in g roads, in
addition to their gross anil net earning* given in the fore­
going, also report charges fo r interest. Sea., w ith the surplus
or deficit above or below those charges.

* Includes Baltimore Traotlon aud City * Suburban fo r both years.

■Street It alt way ,V t E arnings.—The follow in g table gives
the returas o f S t r e e t rail w a y gross and netearnings received
this week. Id reporting these netearnings for the street rail­
ways, we adopt the same plan as that for the steam roads —
that is, we print each week all the returns received that
week, but once a month (on the third or the foarth Saturday)
we bring together all the reals furnishing returas, and the
latest statement o f this kind w ill be f * u a i in the G h r d m io l b
o f October 23. 1397. The n ext w ill appear in the issue o f
Novem b r 20, 1897.

,-----Int., rentals, etc.----- , —Bal. ot Yet Barn's.1897.
1396.
1897.
1990.
Ronds.
$
$
<
$
Gross Earnings.
.-----Bel Earnings.----- ,
Buflalo A 3 u « t ich'a «ept,
12.668
12,987
23,032
25,504
1896,
1-897.
1897.
1898.
Roads.
$
July t to sept. 3 0 ----33 .004
3-8,961
53,661
46,330
$
$
9
Dry
Dock
E.
B.
A
B
a
t
.CHUo. B a ri.* Qutaey.Sopt.
890.000
876,201 1,142,593
493,463
Juiy l to Sept. 30 . . .
187,785
177,658
52,331
61,469
July 1 to dept. 3 0 ---- 3,070,000 2,828,605
2,127,763 1,035,032
Jan, 1 to Sept. 3 0 ___
135,701
507,848
547,589
139,045
Pbilaklelpbi* &
—
8,936
19,512
19,148
7,615
A il coi!ipamfi(.
745,000
*
3*52,€05
. . . . . . . . S alvestoa City R y ..sep t,
Jan. 1 to Sept. 30 . . .
60,713
163,399
101,692
62,987
S a is 1 to Sept. 3 0 , . . .
2,233,000
...
892,364
_________
M etrop'n 8t.Ry.,K.C.3ept.
164,023
73,913
1-17,183
61,328
Jan. I to Sept 30 . . . 1,3-57, L-9 1,326,447
597,774
555,400
STREE T R i l L l T A f S AND T JU C N U V CO UPASIGH.
J n n e l to Sept. 3 0 ....
665,286
634,435
301,238
280,228
1,431
3,724
—
The following table show.* the >jrow earnings for the latest Scranton & Carbon,.Sept.
Ju ly 1 to 8ept. 30 .
5,367
11,351
period of all s t r e e t rail ways from which we are able to ob­
Scranton
A
Plttston.Sept.
2,088
6,2X4
tain weekly or monthly returns. The arrangement of the
Jaly 1 to Sept, 3 0 ___
7,836
1 S.8G8
t a b le is the same as that for the steam road* —t h a t is, the
4,3,379
22,158
WlUteab.AVVy. Vy.Tr.3opt.
44,971
23,893
fir s t two columns of figures give toe gross earnings f o r the
194,638
200,545
Jan. 1 to Sept. 3 0 ....
358,982
376,834

latest week or month, and the last two oolumns the earnings
for the calendar year from January l to and inoluding such
latest week or month.
STREET RAILW AYS AND TRACTION COMPANIES.
L a te st G ro s s E a r n in g s .

E ar NTNOS.

: Week or Mo

1897.

1806.

J a n .l l o L a te st B a te .

1897,

j

1896.

5
$
j
*
.8,070
7 7,333
73,357
5,03ft!
32,276
33,538
7,738)
67,672
67,198
197,664 l ,7 6 l ,* 8 l 1,726.229
1,920
15,599
16,107
7,31ft! ............ !
13,440
______ i - ............
28,418i 210.8221 248,059
33,628: 222,030 208,351

* „
Akron B odrd A cin v Septemb’r.
0,925
AxasTerdnin St. R y ... August
4,741
A tlanta R xllw ur. ... Septem b'r,
8,568
Baltimore Con, Ry,*... Septemb'r. 219,148
Bath St, Ry. (Maine). Septaran'r.
1,985
Bay Cities C o n s o l..H .-p le u lb 'r .
6,834
Blngbamtnn S t Ry
Septem b'r. 13,788
B ridgeport T raction. 8eptetnb’r. 28,507
B rockton 0 ,n . at. Ky. A ugust—
37,453
Br'kiyn Rap. Tr. Co.—
Brooklyn- H eight*.. Septem b'r. 410,516 388.430 3,483,293 3,439,451
65.073 561,444 544,896
B r'klyh Q d 'n s* Sub. .8«ptem b'r.
Total for *y*tem.. Septem b'r. i f ! ; ? ! ! 451,503 4,043,737 3,984,347
............ 638,254 6^0,509
Bnffato Railway.. ......la n e .......

A N N U A L R EPORTS.
Annual Reports.—The fo llo w in g is an index to all annual
reports of steam railroads, street ruilwaya and miscellaneous
companies which have been published since the last editions
o f th e I n v e sto r s ’ a x d S t r e e t R a i l w a y S u p p l e m e n t s .
This index does not include reports in to d ay’s C h r o n ic l e .
R ait.r o AI!S AND Miscei ,. CO.’ S.
Volume 65—
rage.
Alabama Great Southern........ tie
Evansv. * Terre Haute............ <76
Grand Trunk of Canada....... .
775
Memphis & Charleston................ . 777
Pullman’s Palace Car.............. 777
8t. Joseph & Grand l gland.......... 77i
St. Louis & nan Francisco..... ,769, 779
St. Paul & Duluth.......... ............ 77i
Western N. Y. k Penn......75.3, 774,781
Wisconsin Central Lines.........

77fl

Str e e t rati ,w a y s .
Volume 65—
Page.
Brooklyn Rapid Transit System.. 828
Dry Dock BJ. B. & Battery (N. Y. . 568
KlnjrsCoiuity Elevated, Bklyn..., 567
Metropolitan St. Ry. (N.Y.).......... 6J8
or Ry .......
.......... .
6IS
Union Traction, Philadelphia— ,. 515
Utica Belt L ine............................. 568
Yonkers RR,..................
614

THF1

820

CH R O N IC LF,

Missouri Kansas & Texas Railway.
CReport fo r the year ending June 30. 1897.)
President Henry C. Rouse says in substance:
(.. .. rat Retail*.—The gross earnings for the year increased
$441,328, The expenditures, on the other hand, increased
*fi3 JH()l, resulting in a deficit for the year of $149,353. ihe
company is free from floating debt and there has been no
increase of capital Account, either in bonds or stocks
Prospects —The unusually favorable outcome of the crops
throughout the region traversed by the road, as well as the
satisfactory market which prevails, gives assurance of a con•tinuance of traffic for the current year unequaled m the his­
tory of the road.
,
There is every justification for the belief that the aimcuities which have surrounded the operations of the company,
and especially during the past twelve months, have been
successfully passed, and the company is in condition to take
advantage for the first time of its enlarged and improved
facilities to do a maximum of business at a minimum of cost.
The business henceforth will be done on tbe most economical
scale compatible with affording every proper facility to the
public and with due maintenance of the plant in a condition
of maximum efficiency.
Traffic —The importance of Galveston as a port of export
is indicated by our steadily increased tonnage of grain, which
dnrin; the current year aggregated 638,759 tons as against
841,934 tons the previous year, showing an increase of 9U per
cent. With the abundant crops now awaiting transporta­
tion, this movement during the current year should bs even
more important. The general prosperity of the farming in­
terest is now [since June 30, 1897,] enabling a replacement of
farm structures, resulting iu an increased movement of
forest products, which [last year showed a diminution in ton­
nage. The movement of general merchandise has also been
active since June 3b and gives promise of continuance.
The principal commodities carried, in tons [compiled by ns
from the company’s reports.—Ed.] were as follow s:
Lumber.
1 8 9 7 .. ...2 * 0 ,1 1 5
1896 . ...259.711
18U5 .. ...285,678
1 8 9 4 .. ...2 59,2 12
1*113.. .. 392,600
1892 .. ...2 83,3 42

L ive Stock. B ulk Grain.
638,795
424,167
393.018
341,934
217,168
385,379
338.025
228,539
242.133
377,788
378.242
151,963

Cotton.
191,897
128,689
205,333
123,474
110,745
126,842

fv o i.. L x y .
1891-95.
1895-96
$
$
4,578,2551
1,550,250 j.' 8,195,901
8 (7,228
454,080
225,283
284,286

1893-94.

Expenses—
C onducting trane—
M aintenance o f way
Maint. o f equipin't..

1898-97.
$
5,224,592
1,570,580
775,868
504,979
255,880

T ota l....................
Net earnings............
P.et. o f exp. to earns.
Other in com e............

8,337,399
3,140,915
(73)
137,000

7,704,099
3,332,886
(70)

8,421,184
3,123,179
(73)

7,205,941
2,671,349
(73)

T otal.......... .........
Disbursements—
Interest on b o n d s ...
R entals......................

3,277,915

3,332,886 . 3,123,179

2,671,349

3,061,700
365,507

2,983,960
332,534

2,612,943
285,497

2,609,360
71,510

G e n e rX e x p e K :
Tllxeg....................

Coal.
915,624
918,997
922,611
763,480
994,158
810,532

6,979,229
226,712

2.898,440
2,680,870
T otal...................... 3,427,267 3,316,494
B alan ce...................... def. 149,352 sur.16,392 IT sr.224,739 IT def. 9,521
ITOperating expenses In tbe year 1893 94 included 8460,384 spen
fo r renewals and replacem ents and in 189-4-95 $961,627.
7IEET J U N E 30.
1895.
1896.
1897.
SB
$
$
.140,850,543 140,910,555 129,666,066
1,162,020
1,101,700
971,620
1,142,334
873,097
519,289
423,448
421,683
0.
410,699
359,642
428,690
718,112
32,104
36,694

CO N D EN SED B A L A N C E

Assets
B in d s and stocks .
Cash.........................
M aterials and supplies..
M iscella n eou s...............

Liabilities—
R eorganization com m ittee.
Securities sold.......................

..143,470,293

143,772,419

132,785,614

. 68,462,500
.. 71,001,994

68.462,500
71,149,490
1,254,309

86,899
213,637
672,117
1,591.057
776,316
939,781
310,919

180,125
218.812
858,4 62
1,020,998

63,012,500
65.355,000
1,221,843
409,155
273,679
227,226
537,207
974,427

167,360
460,272

324,697
443,879

...143,470,293

143,772,419

132,785,614

r.

s.
Vouchers and p a y -r o lls........ ..
Im provement account .........
M iscellaneou s.........................
Incom e a c c o u n t....................
—V. 65, p. 522.

O al Properties.—The development of the company’s coal
proper ie- Ins been prosecuted steadily with the funds pro­
vided from their net e rmngs. These properties are now at
a point of efficiency which has rendered further present ex­
penditure unnecessary, and they have therefore distributed
their profits to a very considerable sum, which appears in our
income account as receipts from dividends on stocks owned.
Improvements.—Improvement of the property was prose­
cuted during the year on a very considerable scale. The
capital for this purpose was taken out of the fund heretofore
appearing in the balance-sheet as “ Reorganization Com­
mittee'’ account This item consisted of various securities
received from the reorganization oommittee. The title of
the account has now been changed to “ Improvement Fund” ,
and in it there remains $776 316 applicable to future improve­
ment. The fund is represented for the most part by “ bonds
and stocks owned.”
Equipment.—The majority of the rolling stock has been
fitted with automatic couplers and air brakes. Both motive
power and cars are in condition to move large loids, the reslIt of which should be cheaper transportation hereafter.
Nrtc Bridges.—The large expenditures in the replacement
of bridges are now nearly complete, only nine wooden
bridges remaining to be renewed between Denison and the
termi i at St Lonis and Kansas Citv. Two spans of the
large bridge at B xraville have been replaced during the year,
thus completing all bridge work of the first magnitude.
Physical Condition —On this subject the following addi­
tion") particulars are furnished :

Kansas City Memphis & Birmingham R ailroad.
( Report for year ending Jane 30, 1897.,J
The report furnishes the following information:
General Resul's.—The decrease in passenger earnings was
wholly in through busin ss, which is accouuted for princi­
pally by the decline in excursion busintss. W hile there
was a considerable t'al ing off in low-class commodities there
was a 1 -rge increase in commodities of higher class, with the
result that with a general increase of only 19,531 tons the
earnings increased $ 8 ',996. The earnings per ton per mile
were '91 cents contrasting with '78 cents in 1895-96.
Physical Co'idition.—As to maintenance, improvements,
etc., the following is given :
In addition to the am ount ($13,709) actually expended fo r safety
appliances aud charged to repairs o f ears, $18,000 was charged to re­
pairs of cars to he expended for safety appliances d uring the next
fiscal year and credited to im provement fund for that purpose. Of the
com pany’s 1,769 freight oars, 496 n ow have air-brakes and 340 auto­
m atic couplers.
The p olicy heretofore pursued o f im proving the physical condition
o f the road has beeu continued, and the property o f the com pany is
now in better condition than ever b efore; 378 feet of trestles were
com pletely filled and 2,938 feet were partially filled during the year, a t
a cost o f $5,586, charged to operating expenses, repairs of road, and
the work o f ballasting was continued as rapidly as it could he done
w ith econom y, the am ount expended fo r that purpose having been
$5,826, which also was charged to repairs of road. On June 30. 1897,
197-72 m iles o f track were fully ballasted and 11 -71 miles were p ar­
tially ballasted. The cost o f 67,670 oross ties was $15,158 and o f new
65-pound rails $4,500.

Earnings.—The earnings and expenses were as below.
Since the close of the last fiscal year an interest payment of
two per cent has been declared on the $6,318,010 income
bonds
This payment, which was made Sept. 1, required
$126,360, and reduced the surplus balance for the year from
$142,890 to $16,530.

V in e physical condition o f the property la excellent, and the roadway
EARNINGS AND EXPENSES.
has boon m aterially Improved. Eleven thousand tons o f standard 661896-97.
1895-96.
1893-94.
1894-95.
pound rails were purchased and are being placed in track, stone aud
Earnings—
$
$
$
$
burnt clay ballast was laid under sixty miles o f track; 1,304,000 ties F reight.................................. 918,486
837,489
739,282
763,804
have been placed In the track, and 77 4,9.17 ties were on hand June 30 Passenger............................. 256,042
294,079
236,627
249,539
1897. against 82,938 in 1*06. A verage number o f ti-s put In track Mail, express, &c...............
66,866
58,032
64,504
59,696
previous four years was 992,095 per annum. Fifty-two hundred
freight ears have been equipped with autom atic couplers-and air
T otal............................... 1,241,394 1,189,650 1,035,605 1,077,847
brakes. The work on the lialau o o ' the rolling stock is being prose­ Operating ex p en ses.......... 926,210
965,890
872,57
895,807
cuted as rapidly as oireum stanc s if H allow.
315,184
223,760
Change in Accounts.—The operating expenses are pre­
er cent o f ex. to earn’gs
(74-6)
(81-2)
(83-1)
(8 i-2)
sented for the first time, in tbe form adop'ed bv the Int r- PMiscellaneous
in terest...
10,036
6.942
6.344
State Commerce Commission, and the dis nbution of last R ec’d from K. C. F. S.& F | 25,7911
15,714
24,449
17,718

year's expenses has been madeto conform for comparison.
T otal..............................
Sta'istios.—The comparative figures of operations, earn­
L ed'icl—
ings,|etc., have been as follows :]
Interest on bonds.............
OPERATIONS AND FISCAL RESULTS.
11896-97.
1895-96.
1894-95.
1893-94.
Mile* op. a v 'g e ....
2,197
2.147
2,028
1.960
Operations—
Puss, car'll N o .....
1,347,523
1,652.985
1.515.422
1,490.856
P >«8. carM 1 iu. ..
78,375.002 89.837,595 83.918;802 84,678.466
pa*.
Rate>Pf. 1
2*319 ote.
m
mj>cr i
2*306 ctB.
2*348 cte.
2*349 ota.
Tong r r a n t cur’ d.
3.236,906
2,926,337
2,875,40 L 2,441,293
T on . rvht«i.r. 1 in .l,017,781.597 846,827,435 811.32 1.553 695 609 442
Rate P « r ton p e rm .
0-695 ot*.
0 0 9 1 eta.
1-107 ots.
l-OSs'cm
.Far,, 1 * 0 ,*
*
$
S
Put.anfrnro
T OlO 11D
r» rtwi in n
- ------------------Paaipngera............
1,818,188
2,071,406
1.970,905
1,989,448
F r e ig h t .................
9,107,207
8,388,514
8,986,779
7,359,213
Mail, express, eto.
551,919
677,036
586,079
528,629
A.
feu T otal................
11,478,314 11,036,987 11,544,363
9,877,290

Surplus....... .................. .

340,975

249,510

18 ,687

212,833

193,035

176,965

145,314

133,212

142,890

72,545
42,373
79,621
G E N E R A L B A L A N C E SH E ET JULY 1, 1897.
Assets—
L iabilitiesCost o i road......■_..........$15,056,136 Comtnon stock ............... $5,976,000
C o-t o f equipm ent___ 1,354,613 General m ort. b on ds... 3,159.010
Bonds o w nett................
50,000 Incom e b o n d s .............. 6,318,020
M aterials......................
55,443 1st M. Bir. Equip. C o.. 1,000,000
Cash................................
49,081 1st M. Mem. E qu ip ___
189,000
Bills receivable...........
506,187 Trust accounts..............
53.916
K. C. F. S. & M. RR.
A ccrued bond i n t .......
66,973
traffic guaranty.......
8,425 Coups, not p resented..
9.467
Trust a ccou n ts............
53,917 M iscellaneous...............
1.46,012
Incom e a ccoun t............
215,434
Total........................... $17,133,833
V. 65, p. 367. j

T ota l,......................... $17,133,833

THE CHRONICLE.

October Bb, 1897.J

Kansas City Ft. Scott & Memphis Railroad.
CReport f r r the year ending'June SO, 1897. J
The report savs in p ir t :
Oe i^rul.—la view o f the depressed condition of general
badness the ptsi ye*r, an l the b - 1-->" >u> d >o 1 in the Missis­
sippi Valiev at ling largely (8)2 300) to our operating exo eases, ths net resalt cm n >:• b is be rag ir led as s itisfastory.
1 1 is g~ -,fyia» to enter upon another fts.-al year with greatly
im o r iv s l pr wjwct* for business Of every description, which
will pr no inly t ix our eq liptnsot to its utmost capacity.
In proren iiJ u Etc.— th e charges to operating expenses for
the yoir f >r batf-Tcnsit of -ho property acnm atsi to $37,
911. i'v-Hi ling: Bail «t. <2 ,356; oth-r improvements to r>ad,
|M 4 7; ad lit anal wei.ht of rails, $39,476; new equipment,
f 1** 000. etc.
Daring toe year 27-13 miles o f 71 pound sisal were laid in
the main track, w ueh released 5 37 miles of dT-pound steel,
17-21 miles of 00-lb, steel and 4-51 miles of 56-poani steel.
Only a., mnch nev bsH tst w aspaton road as waa necessary
to prot-ot ne w 7 >-pound steel.
Neir Branch —In tn« summer of W
a branch line was
was constructed (run B-utter Springs. K m ., to Si-ami, in In­
dian Territory, abont '.3 miles, through a rich agricultural
country.
Pnafiei'tx.—With the bountiful harvest a decided improve­
ment m general bu-in«-a conditions is noticeable, and it
is expr sto 1 the unpeovem mt will be p-trmauan-. The peaci
ore sards in the Ogark Mountains are at lust generally in
b -a ing condition, and this year, for the first time, ship­
ments by C trl lad* were made to all principal markets in the
C W rai a i l Bittern States. T ie apple trees, of w lich there
are Vint nnmbers, are also mostly in bearing condition, and
a fair crop will be gathered this fail An important ton­
nage is swored in the Joplin lead and zinc district, and it is
said the prospects of tie- zioe and Mad mining in lus-ry are
far brighter tian for years ptst, there being a heavy demand
for tooth ores a* remunerative prices.
Bt itiiriet o f Operttiuym, Etc., n f K, C. Ft, 8. A V.—Statis­
tics of optrattoa*. etc » o-a p d -el f >r the C in >sidle ahiw.

821

added receipts from the G aols? Co., #54,789. The receipts from f o r ­
est products delivered totb eS a ltim ore & O tio a t P iteksburaam ounted
to f 15*1,397, the B. & O. reoeiving i-ates ranging from 7-8 m ills to
T 2 cents per ton p er mile. For tills year the "proportion o f expenses
to earnings was ■ per cent, as against l r:5 per cent last year, ail in ­
crease fo r i ins year of 5-7 per cent. As it becam e necessary to renew
a larger percentage o f cross ties than had heretofore been required,
4 ,, 9 ( 0 were purchased at a cost of $12,029 (being an Increase of
25,634 ties over last yea- ). The physical condition o f the property has
been fu lly maintained, and in some respects Im proved as com pared
wl U the preceding year.

Ear>iings.—Results for the late year have been as follows :
EAKJflXOS, EXPENSES AND CHARGES.
1896-97. 1895-96. 1S94-95. 1S93-94.
A verage miles operated............
159
159
159
159
$
$
$
$
Passenger turning*.................... 82,707
89.011
92,578 .104,240
Freight earnings......................... 255,542 267,756 220,900 231,703
M iscellaneous e a rn in g s............ •16.238
48,675
48,931
52,006
T otal gross earnin gs.......... 384,487
Matutvnanoe o f way, e t c .......... 71,077
M aintenance o f equipm ent. ... 24,448
Conducting transportation...... 84.254
G en era l....................... .................. 10,132

400,442
56,305
22,226
87,218
15,793

362,472
41,841
10,901
81,849
16,634

387,949
44,655
18,499
04,455
20,001

Total operating expen ses.. 195*911
Net earnings ............................... 188,576
P er cen t o f exp. to earnings___
(51)
Other incom e (n et)................. ..
48,391

181,602
218.810
(45-35)
83,597

160,225
202.247
(44-20)

177,610
210,339
(45-8)
IIS

T o ta l.................................. .. 236,967
tnt. on bonds & equip, n o te s ... 202,731
T axes an 1 m iscellaneous. . . . . . . 28,-141

302,438
204,125
32,293

202,247
205,519
38,710

210,457
206,913
15,492

T o t a l ............................... .
231,172 236,410 212,229 222,405
Balance .. .....................f t ........... er.5,795 Br.66,022 df.39,982 df.11,948
HAI.ANCB SHEET TUNE 30, 1897
Atsete,
Liability*.
Road and equ ipm ent.. .87,027,207 Common stock ..............Sf2,500,000
B N l e s t a t e .....................
375,f>(»3
rre - nock. .. . .. .
900,000
(s to c k o f S a u l e y C o ........
114 .2 m
bonds, t o . (sod Sw p t ). 4,031,860
i l -terlata and supplies.
11,69(1 I n t e r e s t ........................
51,524
C a s h .,,..............
7,451 Bills p ayable;................
205,834
Current cash accim uts.
49,622 MSsotiUaiioeus...............
(14,560
Sinking fu n d .................
6,625 B rodt and loss...............
77,610
M iscelia n eoas................
3,077
T o t a l .......................*7,891,388
- V. 03, p. 600.

T otal.........................$7,894,388

OKSKlTtnSS AND rfSOAi, KKSC1.TS.
1801407.
i HOV;m.
1801-95.
M iles o f f i l l tim e 3 0 .
731
708
071

1893-94.
670

R am (»•!- too per u».
Kitrunuit Pa*-eager ..............
Preirut ............ .. .
Mall, express, t o . , ..

0-707 ot»
ft
712,357
2,930,330
174.1.18

0*795 ot».
$
8*7,374
2,<l-5«,st3
-187.17s

0-831 ate,
$
805.738
8 U -I .W
16.4.817

0-70Weta.
$
916.143
3,092,838
497,771

1806-97,
Gross earnings........................... ..$6'.>8.tS7$
Operating expen ses................... .. 587.623
|
Taxes.............................................

1895-96.
$837,787
568,034

1894-95
$08-1,319
027,057

T ota l...................
Krf*f
O ttd Ira u p o rP tt...
O arrejM ir- .............
M otive newer .......

4,197,129

3.991,804

3.995,635

4.406,740

S e t earnings..... ....................
Other Incom e..............................

$269,753
90.202

$157,262
186,272

70*i.W>
291.9 Is
700.878

671,075
3 * 0 919
678.038

07,3,531
306.308
659.585

765 507
359,623
803,351

Gtm.-r . ( ....................
S i-* equipm ent........
T axes ...................

370,110
10.000
174.000

373.118
17.o0 0
177,700

T o t a l.................................... ..$ 3 7 8 ,0 3 3
Interest, rentals, e tc.................
17,094

$359,955
$326,472
1 7 .0 9 1

$348,534
$371,455
17,094

Balance for y ea r.................... aur. $55,199

sur. $16,389

dof. $45,018

Seaboard A Roanoke Railroad.
fStatement for the year ending Jane SO, 1897.J
P uaT " * fV " 1 H >....
711,970
973,594
794,013
761,751
This road forms part of the S*abo*rd Air Line system,
Pa-S. e ifT lc t I mile. a 2.o e t .r n , 39.:!7!».703
37.l78.gft8 30,365.177
923 raiifcs. Til* following statement of eartiings for the late
R a t* l » - r ; » ,s [ w r i u
3 't H c t s .
2 -1 5 0 9 .
2*17 c ts .
2 '2 1 o<o.
Fr'gbt («.><!*, carrM. 2 , 3 K 3 b
3,1 >5.251
2 ,3 0 1 .9 10
2,325,089 fiscal year on the Seaboard & Rtanoke proper, 114 miles, ha*
Frt. «.».«*> car. t w-.U 7,t>a.«*;-t 33-t,2.?2.76.'» 380.721,720 488,265,714 been furnished to the C hronicle :

Mac; ot read. Me..

Total....... .............
Met e a r n in g s ...........
P ct. « f ex. to earn.
fled act —
lo t , (Hi ImuiIs, e t c ...
G u aran ties..............
M...... . lima i - ..........
Kansas C ity 3*. & B .

667.1 -.7

2,8 26,5 71
1,310,557
(88-32)
1,090,869
100,9 * {
48,-509
19,314

487.5-»

2,781. ftftft
1,209,095
(09-09)

517.255

390.505
32,50 1
181,379
2.794.147
1,191.188
(7 0 1 1 )

611.201 Dividends on preferred stock . ..
397.130
28,815
182,038

3,137,553
1,269.187
(71-20)

1,1052121
1,069.559 1,059,259
...............................................................
2.5, -00
18.000
42,131
14,715
17.719
24.449

T otal....................
1.200,223
1,147,139
1,099,278
1,125,842
Baiun e..................... sur. 50,334 ear. 62,356 8ur.B2.211 sur, 143,345

Results on the entire system, 928 miles have been as follows
BK A B O A B D A IB L IS E SY ST E M .

1896 97.
C ross earning*..................... ...........................13,777.6 U
Operating expenses and ta xes...................... 2,777,555

1895-96.
*3,528.640
2,596,510

Total ............................................................. *1,000,086
Dcdiu-t'ns from Income, Ini-lnd. tat. on fund,
debt, leave* charges and losses ot every
n it u r e ....................
$790,575
Dlvs. on -took o f constituent c om p a n ies...
19,069

$932,130
$719,707
24,348

Balance fo r year......... ........................sur. $189,842 atu*. $158,077
—V. 65, p. 368.
BALANCE 81IKBT JtXB 30.
1897.
1890,
1895.
Maine Central Railroad.
$
,8
$
R<i;m( and equipm ent........................30,5 0,115 30,113.381 30,481,381
("Report
for the year ending Jane 30,1897,J
8tne** » « n * (l. ..............................
209.531
209,562
209,562
President Franklin A. Wilson says in substance :
M aterials.............................................
337.827
336,659
329.063
T n i m v - ' accou n t.............................
4 0 9 ,-3 0
430,«9 3
442,4 3
General Ketnarke.—Up to Jane 30, 1897, no improvement
C a-h......................................................
203,818
127.612
209,603
Bills rew lv a b l*..................................
S7,0.59
593.000
580,ODO in business was apparent; in fact our total gross income
was reduced •-<:-*6,995. However, large expenditures of a per­
Tem porary ifivest-neilts.. . . . . ____
247.088
300.00 1
286.455
Balance, open a ccou n ts..................
483,713
490,448
298,107
manent character were made both upon the main line and
T o ta l a sset*,

................................. 3 2 ,3 1 1 ,0 1 3

ilif, "
O i-ifim -'U -took................................... 9,997,000
Preferred stock...........
2,750,000
Bonds (See Sf'1'Pt.KMKSfT) ............ 17,701.000
Trustees e e o m i t - ........... ................
502,124
1 Ir- r.'-r -he ' n l
215.549
Bills II.n-iitde iluci’ g equipment) ..
347,731
K . ■' - ,.f
» (,su spen seu eeoiia t..
838,000
.......

4 0 4 .7 5 7

K.
.W. A- f!
o f earning*.
Incom e neeodftt ...............................

ui-ien. > .....................

0,12.5
234,971

Total l i v l i i t i e * ..................... ..32,511,013
V. 63, p. :w i.

32,928,489 32,880,649
0,997,000
9,997.000
2,750,000
2,750.000
17,701,090 17,217,000
4 4 i ,174
450,334
223,115
221,002
302, 78
931.903
338.0 •<>
338,00-1
3,51,730
875,304
(1.163
0,8 a«
748,090
080,144
32,928,189 32,896,649

IVcst Virginia & Pittsburg Railroad.
fMrpOft fur the year ernted June SO, 1897, J
President J. M. Camden S*ya in substance :
T he OH'l passes tiim ngh an un i n v e i s - a i t l o f i o f coun try rich In
t lin ix -r anti i-n*i d p p o s i i s , w h o s e i ln r u l o p m o a t lia s b e e n

r e ta r le d b y

ttl"
it^pre**wn, *ni<~ property Im fing o»ru<?<l inor^ tin©
y?rtr o f fttimn in nay year
It l* eoatldeotly ©x|)»rt*.-4 ni:1r, iin4er nupF*>v«ii rntginesa comiifclofi^ III© earning© will
ilinw a
lwrpTOTemen'6,
The « n w rev©BU«« for the year other than from freight o n forest
ptndxiet© iiostvei'ed to the B. M O. wero ^228,090, to which is to he

the roads leased. The proportions of the local revival in
business are not large, but it was a long time after the era of
hard times was felt in the Middle and Western States before
the business interests of Maine suffered severely, and we are
justified in thinking that the era of prosperity will reach us
belated from the same direction.
Floating Debt. —Notwithstanding adverse conditions, strict
economy has enable ! ns to make a redaction in our floating
debt without impairing the efficiency of the r ad. Further
consideration, together with the probable change in general
business condition-*, has led the board to defer for the present
the plan of funding the floating debt.
•
Bonds MepwwttsL—1The 8 per cent bonds of the Daxter sc
Newport RR, have been refunded for twenty years at 4 per
cent, effecting with other reductions a saving to this com­
pany of $4,650 annually.
W ogei Restored.— J n ly 1, 1897.xve re s to re d t o th e e m p lo y e s
in t h e o p e r a tin g d e p a rtm e n t th e r e m a in in g 5 p e r c e n t o f th e
1" p e r c e n t r e d u c t io n w h ic h w a s m a d e fo u r y e a rs s in ce .
Maintenance.— T h e w o r k f o r m a in ta ia a n c e , e t c ., i n c l u d e s ;
The amount* charged to operating expenses for n -w equipm ent
•luring the yea* aggregate $126,000; 36 miles of main truck have
been ballasted with gravel; 16,200 rods of fence have boon b u ilt; 3 1*

THE

822

C H R O N IC L E .

miles of second track and 9\ miles o f sidings have been constructed ;
and Ad miles of now steel rails and 431,585 cross ties have been laid.
Fourteen wooden bridges have been have been replaced by m odern
steel structures, and $11,000 lias been expended In filling trestles.
Four now passenger stations, one now passenger and freight station
and six new freight houses have been built.
All the longer bridges upon the system, originally constructed o f
wood, have been replaced with iron and steel, and consequently e x ­
penditures in that d irection will be limited.

Earnings, Me.—The earnings, expanses and charges have
been compiled for the C h r o n ic l e as follows :
EARNINGS AN D EXPE N SES.

1894-95.
$
1,828,693
2,716,642
269,126

1895-96.
1896-97.
$
Ea rn i ngs fr o m —
$
Passengers......................... .1.867,249 1.939,048
Freight................................. .2,756,873 2.774,302
271,468
Express, mails, eto .......... . 273,913

1893-94.
$
1.856,829
2,511,101
287,654

Total............................... 4,898,035 4,985,318 4,814,461 4,655,584
Operating expenses—
772,933
897.131
788.826
Maintenance o f w ay.......... 915,413
Maintenance o f equ lpm t. .1,148.162 1,213,089 1,184,683 1,111,558
703,750
764.147
700,458
Conduct'g. transportation . 748,803
450,742
495,085
462,596
Geu’ l. expenses and taxes. 585,444
Total............................ 3,397,852
Het earnings....................... 1,500,183
IN C O M E

3,369,452
1,615,866

3,136,563
1,677,898

3,038,983
1,616,601

.

acco u n t

1896-97.
Receipts—
$
Net earnings....................... .1,500,183
Other inoom e.................... .
52,147

1893-94.
1895-96.
1894-95.
$
$
$
1,615,866 1,677,898 1,616,601
*
52,530
51,860

T otal............................. ..1,552,330
Deduct—
Interest................................. 657,060
Rents................................... . 650,480
D ividends.......................... . 298,524

1,667,726

1,730,428

1,616,601

662,772}
646,766 \
298,519
298,501

637,834
649.516
298,524

Total................... . . . . . . . .1,606,064 1,585,874 1,608,057 1,620,272
Burplus................................ .
53,549
81,852
122,371 def. 3,671
* This item is included above in gross earnings.
G E N E R A L B ALAN CE SH E ET .TONE

1897.
Assets—
$
Construction and equipm ent___ 14,532,531
Lease accounts, eto ...................... 8,191,441
Stocks or other com panies..........
524,970
Sinking funds ................................
390,014
Notes receivable............................
120,000
Due fr*>m agents............................
110,293
Traffic balances, e tc ......................
197,816
Supplies and m aterials.................
485,737
Cash.................................................
501,091
Fund for P. «fc K., etc., bon ds___
2,821
New rolling stock .........................
74,990
T otal.......................................... 25,138,910
Liabilities—
S tock................................................ 4,984,800
Stock b o n d s ...................................
11,000
Bonds (see S u p p l e m e n t ) ............ 17,454,200
Interest, rents, & o ........................
361,529
Notes
..................................... 1,188,000
Bills audited...................................
323,691
TralBo balances, eto.....................
20,541
Inlury fund.....................................
50,000
M iscellaneous................................
8,192
Profit and loss................................
736,950
T otal..............
—V. 04, p. 1181.

25,138,910

Houston East

&

1896.
$

14,452,049
8,047,348
524,976
351,075

120,000

112,236
247,562
651,017
261,129
15,624
200,990

24,984,006
4,984,800
11,000

1895.
$

14,186,148
7,954,747
519,976
302,419

120,000

113,599
170,252
601,509
412,483
133,746
245,838
24,760,717
4,984,800
11,000

17,451,700
341,644
923,000
512,071
6,804
50,000
34,362
068,625

17,555,000
347,317
863,304
299,718
2,615
50,000
34,293
612,670

24,984.006

24,760,717

( Statement fo r the year ending June SO, 1897.)
The statement of earnings for the late fiscal year compares
as follows with previous years. The company was reorgan­
ized in August. 1896, without foreclosure, and first mortgage
5% bonds then outstanding were reduced from $3,840 000 to
*2,1 12,000, and $888,000 additional first 5s were reserved for
betterments, improvements and expenses of reorganization.
It was stated that if the property had been maintained at a
roper si andard in previous years the net earnings would
ave been less than shown below for 1896 and 1895 :

E

_
,
1896-7.
Gross earnings......................... $571,150 00
Operating expen ses................ 134,317 00

1895-6.
$518,189 27
384,352 51

1894-5.
$539,989 41
342,650 89

Net earnings.
Less ta x es..........

$136,833 00
15,637 00

$134,136 76
15.139 41

$197,338 52
13,076 82

Surplus applicable to p a y ­
ment o f lilt, on bonds . .$121,196 00
—V. 63, p. 269.

$118,997 35

$184,261 70

New Jersey .V New York Railroad.
f Report fo r year ending June SO, 1807.J
Earnings for the late fiscal year compared with previous
years are given in the follow in g:
E A R N IN G S. E X P E N SE S A N D C H A R G E S.

1896.
$
332,748
262,645

Net earnings.......
52,004
Deduct—
Interest on b o n d s ....
Rentals .................... | 56,214
T o t a l....................
56,214
Balance for year....... def. 4.210

54,860
snr. 15,243

G E N E R A L B A L A N C E SH E E T JUNE 30.
1897.
Assets—
Cost o f road and equipm ent................ ........ $3,116,016
238,325
Other investm ents................................ .........
Supplies on hand.................................... . . . . . .
7,373
7,732
Open accounts r e ce iv a b le ................... .........
Cash on hand.......................................... .........
32,557

1896.
$3,041,650
238,325
8,622
13,8999,004

Total a ssets......................................
Liabilities—
Capital s to ck .......................................... ___ $2,228,600
Funded d eb t............................................ .......
970,660
20,101
Int. on fund, debt due and accrued... .........
Audited vouchers and p ay-rolls......... .......
52,295
Profit and loss (surplus)...................... .......
130,347

$3,311,500

Total liabilities..............................
—Y. 64, p. 424.

$3,311,500

$2,228,600
918,000
19,402
9,299
136,199

Atlnmic Coast Electric Railroad.
( Report fo r year ending Oct. 1, 1897.J
The company reports as follows:
Gross
Year ending Oet., 1897-5
receipts.
R a ilroa d ................................................ $137,279
L ig h tin g ................................................ 50,801

Operating
expenses.
$58,106
23,947

T ota l...-...........................................$188,080
$82,053
Taxes, insurance and ren ta ls....................................................
First m ortgage RR. $800,000 at 5 per c e n t ...........................
Seashore E lectric Ry. Co. $200,000 at 6 per cen t.................
General m ortgage RR. Co. $237,000 at 5 per cen t...............

Net.
$79,173
26,854
$106,027
$11,730
40.000
12.000
17,500

Surplus........
- V . 64, p. 1223.

$12,947

New York

&

Queens County Railway.

("Report fo r the year ending June SO, 1897. J
Below is an official statement of the operations o f the N ew
York & Queens County Railway Co. compiled for th®
C hronicle in comparison with the figures reported for pre­
vious years by its predecessor, the Steinway Railway:

30.

West Texas Ry,

1897.
Years end. June 30 $
Gross earnings.......... 265,394
Oper. exp. and taxes. 213.390

I VOL L . x r .

1895.
338,179
276,557

1894.
$
331,886
272,633

70,103

61,622

59,253

5 50,174
(
4.686

47,422
3,842

44,122
2,850

51,264
sur. 10,358

46,972
sur. 12,281

N. Y.dQ.Co.Ry.
Year ending June 3 0 1897.
Gross earnings...................... .......... $404,458
Operating expen ses.............. ........... 232,407

— Steinway R y.------ ,
1896.
1*895.
$331,745
$233,354
194,912
139,556

Net earnings................................$172,051
Other incom e..........................

$136,833
27,125

$93,798
13,388

Total net in com e............ .......... $241,594
Deduct—
T a x es....................................... ........... $15,947
Interest on b on d s................. .......... 200,000

$163,958

$1 07,186

Balance, surplus............ ..........

$12,708 )
99,561 j

$95,370

$25,649

$51,689
$11,816
GENERAL BALANCE SHEET JUNE 30. 1897.
Assets—
Liabilities—
Cost o f r oa d .................... $5,223,775 S tock................................ $2,000,000
do
additional............................. 544,947
Funded debt................... 2,000,000
Cost o f equipm ent............................. 547,584
Underlying bon ds......... 1,700,000
Cash..................................
2,719 Special lo a n ................... 1,020,000
Open accounts................
566,727 Interest account............
25,833
Materials, e tc .................
11,004 A ccounts p ay able.........
52,526
L oans................................
58,750
Real estate m ortgage..
14,000
Profit and loss surplus.
25,648
Total assets............. $6,896,757
V. 64, p. 470.

Total liabilities . . . .$6,896,747

American Type f ounders’ Company.
f Report fo r the year ending August 81, 1897.)
President John E. Searles says in substance:
General lies>>Its.—The, depression o f business in the months o f June.
Ju ly and August, 1896, continued until August, 1897, reducing the
volum e o f the com pany’s business to a p oint m aterially below that of
the p receding year. Y our com pany has, however, held its full share of
the type-founum g business and its net earnings were nearly equal to
those o f the preceding year. This w ould not have been possible ex cep t
for the investm ent during the previous year in labor-saving devices
and every possible reduction in operating expenses.
Improvements. The tangible work o f the year has been in the continiuince o f the policy o f thoroughly equipping the plants with auto, f aslll?£ machines and labor-saving appliances, the aboli­
tion o f tw o branches inadequately remunerative and the concentration
o f m anufacturing at m ost favorable points. The expenses of all mat­
ters, e x ce p t so far as material addition to the plant is concerned,have
* v 'lr w '
gat i ng expenses, thus diminishing the net profits
Larly in the fiscal j oar the premises occupied by the fou ndry o f the
com pany m Boston w ere taken by right o f eminent domain for the
th rB o sto n V e a l
■ a f T . er,or building lias been erected fo r our
use and w ill be occupied during tile present month. This transfer w ill
fenMnortern mSS'thnrSf’ m 1*7 ,ls a t 13081011 o£ 0Ile o f the most conven­
ient m odern and thoroughly-equipped foundries in the world. A sat­
isfactory adjustm ent o f our claim against the B oston Terminal Co for
loss of the leasehold interest was m ad ?and damages collected.
.f u n d i n g .—The generalitinaiieial conditions were such that vour
directors did not feel [it wise to attem pt a negotiation for the sale o f
its bonds during the year; lienee Its liabilities have been tem porarily
t ^ a f e T f ° b q M “ nierC1 PaP61'’ 1)111 shonld 80011 bo replaced t S g h
P roperties Operated.- T h e foundries w hich at the time o f the orietoal organization in 4892 were somewhat widely scattered mcluding 23 foundries, have since been consolidated at
Y ork, Philadelphia, Baltimore, C i n c i n i m X c X g o , St L?iBs an dS an
Franoiseo. The selling branches o f the com pany, each of which n ow
carries a com plete stock o f m erchandise (a dd d ltioial to those at ttm
foundries) are located at Buffalo, Pltfi&jfiTg, C le v S a n d &
OlbM inneapolis, D enver and Portland, w ith special a g e n c ie s a t A t la n t a ’
Dallas, Toronto. M ontreal, Winnipeg, V ancouver London iVuviaiwn’
Sydney (Australia) and Madras (India). The trade in M exico and Cen-

t i s s » s a

s s f

w 3 » !« s .

oroase in the volum e o f sales without increase o f e x n e n s e s ^ d w m nfld
largely to the earnings o f the com pany during th?Current S s c S veifr
We have reason to look forw ard confidently for a satisfactOTy rosXlt '

THE CHRONICLE.

OCTOBEB 30 1897.J

Balance Sheet*,—The b a la n ce sh eets o f A u g. 3 1 ,1 8 9 6 a n d 1 89 7 , w e r e :
A sse ts.

1897

1896.
$ 2 ,7 5 7 ,4 2 2
1 ,0 0 7,53 2
1 8 0 ,6 8 7
3 6 5 ,9 0 2
2 9 5 ,5 3 2
23,3 70
1 9 ,8 9 4

P la n t ........................................... . . . . . . .........$2,885,906
M erchandise and raw m aterials................. 1,130,460
Patents and m iscellaneous.-----. . . . . . . . . . .
210,186
A ccou n ts r e c e iv a b le .......... ........................
363,206
B ills receiv ab le.....................- — - ........-- --C a sh ,,...................
68,087
Interest and tin expired in surance..........—
........
T o ta l......................................................$ 4 ,9 2 0 ,1 4 7
Liabilities.
C ap ita l stock . ..................... ................$4,000,000
A cco u n ts p & fable..........................................
107,118
Bills p a y a b le .....................................
4^7,0o9
D ebenture bonds.
............... .. — . . . . 201,300
P rofit and l o s s . . . . ................
114,671
T o t a l................
—Y . 63, p. 792.

$ 4 ,6 5 0 ,3 3 9
$ 4 ,0 0 0 ,0 0 0
1 4 3 ,-9 3
3 4 5 ,4 4 6
161 ,00 0

...$ 4 ,9 2 0 ,1 4 8

$ 4 ,6 5 0 ,3 3 9

Pennsylvania Heat, Light & Power.
( Report fo r the year ending iSepl, SO, 1397 )
A t the animal meeting last week the annual report which
was read said in substance :

General Results.—A t the end o f the last fiscal year we had a surplus
o f $146,691 Now after p lacing our properties in first-class condi­
tion and after p aying the interest on the Edison 5 m r m m trust cer­
tificates and the dividends upon our preferred and com m on stock, we
still have a surplus o f $151,892. Im provem ents made have increased
the gross earnings o f the business, while we have decreased the operatin g expenses $37,505 and have increased the net profits o f the busi­
ness $49,309. We have expended for permanent plant and construc­
tion $ 2 18,749, drawing therefor upon the Income and surplus accounts
o f the various properties.
PrtperUj >*p rated —O at street system throughout the otfcy covers a
total o f 677 miles o f copp er wire conductors, 318 m iles o f d uct and 27
miles o f conduit*- On all o f our extensions we have secured consum ­
ers sufficient to warrant the expenditure made- We have connected
each o f the various system* o f our properties with on e another, so as
t o get the best econ o in k s under the most practical conditions. We
expect to have this system in full operation during the month of No­
vember. Our boiler capacity is 12,564 horse power. Our engine
cap acity is 11,440 horse pow er, and oar connected load to Oct. 1 is
106,620 l$*c«tndie pow er Incandescent lamps, an Increase o f 13,154
over last year- Our m otive pow er is 3,321, »u increase o f 551. The
num ber o f arc lam ps hi 4,830, an increase o f 74$,
n» ,—I it the new extensions which arc now In p rogress we
w ill have additional boiler capacity o f 750 horse-power and additional
engine capacity o f 1,500 bo-rms-power, Which will give m , with other
im provem ents, an additional cap acity o f 20,006 id-eandie-pow er incandescent lamps. T o ant tel pat** the demands o f the public we feel
that It w ill be' necessary during the com ing year to make further Im­
provem ent* and extensions.
Prtee*,-*lJtttlag the fiscal y- nr a reduction In the price o f city light­
ing lias been made, amounting to about $48*000,. Coucv-sslon* have
also been m ade to private consnmor*. The price at w hich the lights
arc being fnraUhed to the city Is much below the pries paid in o ltte i of
a sim ilar class throughout the country, operating under the Same con­
ditions,, and the price to o u r consum ers Is also much below the average
p* in largo elites The im provement In the duality and reliability of
fOrvlOe i* ohvlotti te all.

K

The directors of the company were re-elected as follows :
Martin Maloney. William L, Elkins, George Chiller, SV. W.
Gibbs, G-orge S, Graham, Thomas Dolan, John Lowber
Welsh.—V. M» p, 778.

GENERAL

IN VESTMENT

NEWS,

Reorganizations, E tc . - L a t e s t D a ta a s to D efa u lt.*, RearganizWion Ccsu$f Buy in cu t o f Overdue C o u p o n * , Etc,—-All
facta ot this nature appearing since the publication of the lstfet
issues o f the I nvestors’ and the Street R ailw ay S q m js mksts may be readily found by means of the following index.
This index does not include matter in to-day's C hronicle.
S t h b e t H a i l w a t s (C o n .)
R jui.r o .uj , a s u M isckl . Co .' s.
ttdume 6 5 —
Page.
Vohl mc 65 •/'tfj/C.
Amer, l i m w j
-u.pi.ir. for w s . ITT Oat? eatenCity B y ............. r e e v r . 728
Balt, A Of,... . .f-uU.1 Hr. (ItjfmUt. ~~~ In d ia n A tte v x w n & M.,. . . r e e v r . i l ’t
Central Ohio..,
*>/ U**€. 778 LlDcoin st- R j. iMek. ) .p l a n a c c t p i . D*
Lock IU tcb ' T attion .r a w e r . #20, 08&
Mftdistm City Ryv.......
- - s t d t . ?#>
Stb k e t R a il w a y s .
MeKon«p. 0a*|O, & W ». SLKy 1* 6. «22
Colftnteia *% M»l. ( Batto,
r w r n . $20 Fn-atlerm A ML Wilson El«MS*/orecl. 720
C*yn%fol, St- fiy., (if. Kapkte. , c w p - SJfil S«tfitUKW O»0L SI. Ky...Ume f r <iep . o»2
KdglowM A Cbic. .Elec. {Cli#rw.)jow, 72$ 8prirtktd tin.) Con. By to scale int. JM
m
d o . ..e.rw rg. plan. I t s Terre Haute Electric........ n e w * #*8

B altim ore k Ohio HR.—Interest Payments and Defaults
Niffie i.—The coap jfii due Hot. 1 will be treated as follows:
COUPONS TO BE 'PAID.
Name o f K a m i—
T>d(tl U n m
Coupons P a id at.
B. 4b O RK. sterling- 6s o f 1874..$9,634.5«X> London, J 8. M organ.]
Eottipment bond*, series B .. . .
800,000 F bilo. Finance Co.
Voftntmttm dt Oakland 1st 5». a*.
120,000
Do.
_ do.
Baltimore h N. Y. 1at 5s ..... ....
350,000 N. Y .r 4. P. Morgan.]
c a m . Terminal V Talley 1st 4,%. 5,500,000 N. Y „ B row n Bros.
COUPONS noT TO BK PAIO WHEN D U E .
.Baltim ore Belt 1st 5 * .. - ... . . . . . ‘$ 6,000,0BO
•— •***•• ***• . ~
A kron A c :M m m km -:. 1st 5 # ... .1*500,000 Pur oil. by Verrally© & Co.

oii3

Georgia & Atlantic Division, purchase money first mortgage
5 per cent bonds, part of a total issue of §581,000, constitut­
ing a lien on the 65 miles of road (with equipment franchises,
etc.,) extending from Milledgeville to Covington, Ga., a dis­
tance of 65 miles, and having a first lien thereon, except as
to SI miles from Milledgeville to Eatonton (formerly owned
by the Eatonton Branch RR.), which is subject to the prior
hen of §168,000 Eatonton Branch RR. 5 per cent bonds that
were guaranteed by the Middle Georgia & Atlantic Ry. be­
fore its purchase by the Central of Georgia Under the
contract o f purchase the Central acquired all rolling stock
and other property of the Middle Georgia & Atlantic Ry.
Co,, but assumed none of its liabilities except f8,795 of equip­
ment notes.—V. 65, p. 616,
Central Pacific R R .—Listing o f Certificates o f Deposit fo r
First Mortgage Bonds.—The engraved certificates of deposit
issued by Speyer & Co. as depositaries, and countersigned by
the Central Trust Co,, as custodians, in exchange for the
first mortgage bonds issued under mortgage deeds bearing
date July 2 5 ,1865, and Jan 1, 1867, have been listed on the
New York Stock Exchange. The certificates of deposit carry
coupons representing the interest coupons annexed to the
I extended first mortgage bonds. The first coupon is payable
July 1, 189-d The bonds represented by these certificates
j have been deposited nnder the agreement dated August 14,
|1807. full particulars regarding which, together with the
i endorsement on the extended bonds were in the C h r o n i c l e
of Sept. 4, 1897, page 411. Bondholders deposit their bonds
j ex the January, 1898, coupon, and they agree to leave the
bonds deposited nnder the agreement until June 1, 1901.
Against “ Government stamped ” bonds deposited are issued
I engraved certificates of deposit upon which are printed the
words *•Government stamped.” Of the total issue of §25,' 888,'Of) bonds, there have been deposited under this bond­
holders’ agreement upwards of $1?.00".< 00 bonds, and other
owners of bonds are expected to deposit their bonds now that
the engraved certificates o f deposit are listed—Y. 65, 778,
Chattanooga Southern RR,—Earnings.—T h e C h r o n i c l e
haa been furnished with a statement:
Tear tntung
dross
June 30—
earning*.
1 .9 7 ...................... ................. $67,820
1896........................................ 75,270
- V . 63. p, 401.

Operating expenses
and taxes.

Net
earnings.

§ 6 2 ,2 8 5
7 7 ,2 - 5

§ 5 ,5 3 5
fief. 1,965

Chicago Great Western Ry.—Explanation as to Dividends
—In Aprt\ 1894, to raise money needed for improvements
; the stockholders voted per resolution (in V. 59, p. 470), that
interest oa the debenture stock and dividends on the 5 per
: cent preferred stock A shonid be paid in scrip (convertible
|into debenture stock) until Vil? per cent had so been paid,
holders, however, to have the opt ion to take up and pay for
the 12?, per cent in scrip allotted to them at 80 per cent and
so to secure the right to a continuance without interruption
of cash interest payments on the debenture stock, and, if de­
clared, of c >st) dividends on the 5 per cent preferred stock
A. The January, 1-94, debenture interest (overdue) and all
subsequent interest on the debenture stock (no dividends
having yet been declared on preferred A ) was accordingly
paid in s rip as regards all stock whose holders did not exer­
cise said option. Including the July, 1897, payment, the
amount paid in scrip on the debenture shares not subscribing
had aggregated 16 per cent . The question therefore arose
why more than the aforesaid 13?£ per cent was paid in scrip,
and forth-rrnore as to when cash payments would be fully re­
sumed. President Stickney at our request furnishes the fol­
lowing explanation :
At tin- time tin; resolutions o f April 24, 1894, were adopted, the 4 per
cent debenture stock and 5 per cent preferred stock A w as held in the
1 proportion o f $500 debenture stock and §' 00 of preferred stock A by
the holders of these tw o classes o f stock. The dividends w ere to be
paid in scrip until each holder had received 12"a per cent on Ilia hold- lugs ot both cla.ses o f stock, whether in paym ent o f interest on the
debenture stock or dividends on the preferred stock A, that is, 12taper
cent on 81,100 is ¥137 50, and the holder o f that amount is not entitled
to receive a n t ra.-h dividends on either o f the Stocks until bo haa
r e e l iv. >1 ¥137 50 in scrip by way of dividends on either the debenture
stock or 5 per cent preferred stock A.
Y ou will see tn the balance sheet in the annual report for 1897 that
the total am ount of debenture stock (scrip) still issuable to holders
who did not make a cash subscription o f 1 2 I'or cent on their hold
Inge was 8381,505. On July 15, 1897, this am ount w as reduced by
dividend on debenture stock paid that, day $47,940, leaving am ount
now remainin'-' issuable 8333,025. Both the debenture and preferred
A stocks will he entitl' d to cash dividends as soon as this balance o f
*333,625 has been used up in paym ent of dividends on the 4 nor cent
debenture stock or the 5 per cent preferred stock A upon wMek divi­
dends are p ayable in scrip,

i ’rom this it appears that the debenture stock whose
holders have not subscribed as aforesaid will continue to re­
ceive scrip dividends until the whole §833,625 o f scrip has
been issued for interest or dividends as above stated.
Du ring the late fiscal year the reduction in the
scrip was §298,783—$118,411 issued in payment of div­
idends And $180,371 to subscribing stockholders, the
debenture stock on which interest is payable in scrip being
reduced from $3,808,800 to $8,217,500,
Interest on this
last-named amount would require annually $88,700 of the
$383,825 scrip now held by the company, but it is evident
that if a dividend should be declared on the 5 per cent pre­
ferred A, the scrip that stands in the way of a complete re­
sumption of caBh distributions would disappear at a
more rapid ra‘ e. The option of stockholders to subscribe for
: ■■' ,
_ ___ ; .] '' ' '' their allotment o f new debenture stock at 80 has expired.—
V. 85, p. 513.
f
i.t'i.iM.i-L’ i a k t y . —
/., . •'«/ We ■//> t t c n r - j M ^ A t l a n t i c
Colorado Midland Ry.—-Yew Officers.—At a meeting this
Division Bonds IjtMed.—-On the New York Stock Exchange
have been listed §4'S,0 '0 o f Central of Georgia Ry,, Middle week Receiver Georg© W , Ristine was elected President

M e w a r k S o kb"a**r, 4s S t r » i fca 1 a t 5 s

8 0 0 ,.0 0 0

......... .

The default on the Bolt RE. mortgage is attributed to the
fact that the receivers have in hand the receipts from only two
mouths'* operations to pay sis months’ interest, The receiv­
ers. tool< charge in March, 1896, and the money was advanced
to pay the interest due io May, 1896. This policy of advanc­
ing funds has been stopped, and only the receipts from the
operations of the property are now available for interest paymentis—T , 65, p, 777*2
■Canadian Pacific R y £1,000,M New Debenture Stock.—
A
dvpatch from afontrcnl, Oct. 27, reports v lce-Presijient. Siiiir«ti“ s-!ey
laying that the company has made arrangcm- iits to w*ue £1,06 'J)"h preferred stock at 4 per cent,
in London, t-» cover the cost o f building the Crow's Neat

824

THE

C H K O N IC L E .

[V ol . LXV

At the terminus ot the road on Sabine Lake tho elty ot P ort A rthur

of the new company. The directors are: Frederick P. is being rapidly developed. Port Arthur is located on Satdne Lake, 14
Olcott, B. Aymar Sands, James N. Jarvie, Charles F. Ayer, m iles from Sabine Pass. United States G overnm ent engineers state
tile he iviest draught vessels can flud shelter in this harbor. A
George Sherman, E. Frances Hyde. James N. Wallace, that
o f sim ilar dimensions an t Chi actor as the S tez C m ails now
George W. Ristine, Henry T Rogers, Charles A. Ous and channel
being dug from the harbor along the entire water front, a distance of
Charles Boettcher.—V. <15, p. 728.
about. (> miles to Port Arthur, and a heavy ex p ort business is already
assured therefrom. D beot com m unication with deep water ponding
Columbus »V incinnati Midland R R.—Interest P a y m e n t . i he com pletion o f the ship canal from Port A rthur to Sabine Pass is
_The first mortgage bondholders' committee, C h a rles b. m ade by meaus o f lighters and floating elevators.
Hinchman, Chairman, has secured the payment of interest
The bonds above referred to are issued without coupon of
on the over-due coupons of July 1, 1896 twhich v^as at flirt April 1, 898, but the company will supply same upon proper
withheld (see V. 65, p. 0 0),and now announces that holders payment when desired. To complete the payment for tbe 53
of certificates for the bonds will, upon presentation of said miles of read first mentioned, there will be issued first mort­
certificates to the Guarantee Trust & Safe Deposit Co., .120 gage bonds at $25,< 10 per mile. Y. 65, p. 516.
Chestnut St.. Philadelphia, receive the amount of the coupon
Louisville & Nashville R R.— Bonds Called.—Evansville
due July 1 , 1896, together with interest thereon to Oct. 1,
Henderson & Nashville bonds, forty in number, have been
1897, at the rate of 4J4 t,er cent.—Vol. 65, p. 619.
drawn by tbe sinking fund for redemption at 110 Dec. 1 atColumbus Street Rv.—Columbus Cenlral Ry.—Prospect] the company’s office, 120 Broadway N. Y. See advertise­
o f u ni, , , —The Columbus Street Rm way Co. has recently ment in another column.—Y. 65, p. 664, 67 t.
had under consideration a proposition to purchase the Co-1
Northern Pacific.—Prior Lien Bonds fo r $1,001,000 Listed
lnnc u* Central Railway. Should the deal take place it is
suggested the Street Railway Company may retire its present —The pi'ior lien bonds quoted at the New York Stock Ex­
common stork, and issue new common and preferred, o! which ; change have been increased to the total sum of $77,796,500,
a part would be used to make the pui chase.—V. 65,%
p. 232. 842. in order to include $1,001,M0 bonds issued in exchange for
$77' ,000 of general 1st mortgage bonds of tbe Northern Pacific
Denver Consolidated Gas.—E a se to C ity —A press des­ RR. There are $13 096,00b of general firs" mortgage bonds
patch from Denver says the stockholders have ratified now held by the public ; at last accounts $9,642,00 ' of these
the action of the board of directors accepting the city’a were registered, and therefore not subject to call until the
proposition to lease the plant for eight years at 6 per cent on [ coupon bonds are all redeemed. Since June 30, 1897, general
an appraised valuation. The method of appraising the prop­ first mortgage to no less a total than $2,296,1100 have been re­
erty, it is stated, will be left to persons selected by the par­ tired and replaced by prior lien bonds as permitted by the
ties to the contract, and in case no agreement can be reached terms of tbe prior lien mortgage.—V. 65. p. 729.
by them then a board of arbitration will settle the question.
M etropolitan Street Ry., New York.—Bonds Listed —
If the experiment provessatisfactory.it is thought the city will The company’s $12,500,000 new general mortgage and col­
probably purchase the plant outright.—V. 65, p. 46'i. 462, 464. lateral trust bonds have been listed on tbe New York Stock
Erie Telegraph A Telephone Co.—$1,000,000 New Bonds Exchange. On a subsequent, page we give at length the
Listed,—On the New York Stock Exchange have been listed official statement to the Exchange, which furnishes much
fljO i',0 0 additional debenture bonds, making total listed valuable information, including a detailed statement of the
$1,960,000. The proceeds of the bonds have been applied to property, tbe funded debt, fixed charges, earnings and
extensions of the system.—V. 64, p. 950.
balance sheet. Tbe new bonds, it will be observed, are a
Fifth Avenue Trust Co., New York.—Wei* Company,— first lien on several lines, and a'so on the new electric power
This new trust company is being organized to do business at bouse at 96th Street and First Avenue, to cost about
Fifth Avenue and Forty third Street. Its capital stock will $2,‘ 00J 00. The leases and guaranteed stocks o f tbe various
he |5m ,000 and paid in reseive $500,000. All of the capital companies in tbe system are also pledged for the security of
has been subs ribed. Tbe incorporators are S. D Babcock. tbe moitgage. Tbe n ew loa n .it is stated, has provided all
Angnst Belmont, E. J. Berwind, Channce.i M. Depew. C. D the funds necessary to complete the change of motive power
Dickey, Elbridge T. Gerry, Marcellus Hartley, G. G. Haven, and othtr improvements now in progress and contemplated.—
Joseph C. Hendrix, James H. Hyde, A. Iselin, Jr., A. D. V. 65, p. 618,620.
Juilhard, D. H. King. Jr., Daniel Lord, W. D. Sloane, Frank
M etropolitan West Side Elevated I It.—Cm prn Pay.
Tilford and William C. Whitney.
•
ment.—Receiver MacAllister lias announced that the unpaid
Galveston City RR.—Default and Foreclosure.—The ap­ coupons upon bonds numbered from 1 to 10,000 of the com­
pointment ot a receiver announced recently was the result of pany, maturing Aug. 1, 1896, will be paid by him at 260
a foreclosure suit brought by the Guaranty Trust Co., the Franklin Street, Chicago, on presentation.—V. t'4, p. 11-1.
mortgage trustee, at the request of a majority of the bonds.
Mexican Central Ry.—Fxtehsh.n.—This company has se­
Interest on the bonds was defaulted July 1,1897.—V. <5, p. 728. cured from the Mexican Government a o< neession for a
Great Northern Ry.—Extensi n.—The Eastern Railway of branch from Jiminez westerly to Parral, fifty-six miles. The
Minnesota, part of the Great Northern system, is to con right of way has been secured and contracts for grading have
struct a branch of about 220 miles, starting near Saunders been let. This line will probably be completed during the
station, jnst south of West Superior, Wis., and extending first half of 1898 and will tap a rich mineral region, besides
northwesterly to a connection at Fosston, Minn., with the establishing an important market for agricultural products.
existing lineb of the Great Northern now terminating at that —V. 65, p. 463.
point. Ground will be broken shortly and the line is to
Pennsylvania Steel.—Plan to Boise Working Capital.—In
be ready for traffic early in the lake shipping season next view of current rumors President E. C. Felton of the Penn­
year. The new road will give the main line of the Great sylvania Steel Co. has just issued in substance the following:
Northern a short and direct route to the head of lake naviga­
“ Tlic com pany was reorganized in 1895 with steel rails selling at
tion at Duluth.—V 64, p. 610.
$28 per ton. The plan or reorganization provided iliat $700,000 con ­
Houston East & West Texas Ry.—Track Be laid.—This sols and *300,000 Maryland Steel Co. bonds be reserved to pro­
w orking capital. It has not been possible at any time since then
company is relaying 115 miles with 60-lb. rails. This will vide
to sell these bonus. The jirice of steel rails has fallen from $28 to $17
complete the 60-lb. rails for the entire track between Houston and other products in proportion. Prices bav e recently advanced
from the low est tigure. We now have on our books a larger tonnage
and Shreveport.—V. 63, p. 269.
than in many years at this season o f the year, and at prices which will
Illinois Cenlral RR.—Chicago St. Louis & New Orleans yield
a B in a ll m argin o f prollt.
BR.—Offer to II Idtrs o f Maturing bonds.—Redmond, Kerr
“ With the largely incieased com petition and with a m aterial reduc­
tion
in
the m argin of profit, it is essential that a substantial w oikin g
& Co. and Goldman, Sachs & Co. offer to holders of Chicago
should be provided, and the amount which was sufficient un­
, St. Lours & New Orleans 7 per cent currency bonds due Nov. capital
der the conditions o f 1895 is not suificiem now. The directors are
1st, the privilege of exchanging the came for the Chicago St. car fully considering a plan to he submitted to the bondholders and
Louis & New Orleans 5 pier cent gold bonds due 1951, interest shareholders, w ith a view to obtaining the necessary working capi­
reduced to 3% per ceDt upon the basis of receiving $ i,0()0 3% tal” . - V. 64, p. 566.
Peoria Decatur & Evansville Ry.— Listing o f Certificates
per cent Itornls at 98, with accrued interest from June 15 last
and $41'78 in cash against each $1,OH' 7 per cent bond, in­ o f Dept sit fo r U rst Mortgage Bonds.—The Brown Committee
cluding coupon maturing Nov. 1st. The new
per cent has had listed on the New York Stock Exchange Central
gold bonds bear the unconditional guaranty of principal and Trust Co. engrave i certificates of deposit for $701,000 first
interest ot the Illinois Central Railroad Company by indorse­ mortgage and $837,000 Evansville Division first mortgage
ment on each bond. H lders who do not desire to exchange gold 6 per cent bonds, with permission to add additional cer­
will be paid par and interest on presentation.—V. 65, p. 729. tificates of deposit for said loans to amounts of $1,287,000
*■» Kansas City Pittsburg & Gulf RR.—New Securities and $l,47ii,< 00 respectively, as issued.
First Inst' Iment o f Asse-sment Called.—The Brown Com­
Litte/t. The company has had listed on the New York Stock
Excuange $3.00 V "0 additional capital stock and $1,175,00' mittee gives notice that the first instalment of 5 per cent on
additional first mortgage bonds, making total listed at date second mortgage bonds ac d 1 per cent on stock is payable on
$22,370, 00 capital stock and $19,706,000 bonds. Of tbe new or before Nov. 1.—V. 65, p; 778.
Pittsburg Cincinnati Chicago & St. Louis RR.— Bonds
stock $1 332.00 ' has been issued in part payment for 53 miles
of road puichased from the Kansas City Fort Smith & South­ Colled —Jeffei sonville Madison & Indianapolis RR. bonds of
ern RR. Co., which is now being merged into the Kausas 1886 to tbe number of 224 ($224,0( 0) have been drawn by lot
City Pittsburg & Gulf RR. Co./ said 53 miles running from for redemption at 110 and interest at the office of the Farm­
Joplin, Mo., to Sulphur Springs, Ark. The remaining ers' Loan & Trust Co. Interest will cease on all bonds not
$1, 75 000 stock, together with the $1,175,000 bonds, have presented by Nov. 5.—V. 64, p. 796, 801.
been issued at the rate of $25,G O per mile, in payment for 47
Salt Lake & Los Angeles RR.—Oregon Short Line R R .—
mile* of additional completed road, said mileage completing Branch Purchased.—Contracts, it is stated, have been signed
the constructi n of the southern end of the road.
by these roads providing that the Salt Lake & Los
In order to clear away misapprehension in regard to the Angeles is to take possession of the Utah & Nevada branch
location ot the road’s connection with deep water on the of the Oregon Short Line, which runs from Salt Lake City,
Gulf of Mexico, the company says:
Utah, southwest 37 miles to terminus and th e. property at

October 30, 1<j97,]

THE CHRONICLE.

825

Garfield Beach. I q rerun} tire Salt Lake & L >s Angeles is of gan trust. The deposits moreover of earnest money (about
give first mortgage bond* for $300."*>0 and agrees to increase j S7,10 ',000) h id to be finally made by Thursday if the sale was
the gauge to standard from Silt Lake City to Terminus and to be proceeded with as planned.
In view therefore of the large amount at stake and the
to extend the road from Terminus, south to Ophir, about 10
miles. It further agrees to build within two years a stand­ necessity for immediate action, the committee decided that
ard gauge road from Tinf.ie, a punt on the Oregon Snort one course only was opened to it, namely, to offer to buy in the
Line, 5 ' miles south o f S d t Like City, to the Deep Creek L'nion Pacific main line for the full amount of the Gov­
Country, wesr about H0 Jjniles. The Oregon Shirt Line fur­ ernment's claim for principal and interest, and to let
nishes rails, locomotives and equipment which it has on the sale of the Kansas Pacific subsidized lines, which are
not considered essential to the reorganization, be postponed
hand for the Utah Sr Nevada branch.
The Salt Lake & Los Angeles RR. was incorporated in to some later date when the committee could pur­
1881, and its road from Salt Lake to Saltair Beach, Utah, 15 chase or not- as might then seem best. The proposition of
miles, was opened in 1893 The company has outstanding i he committee was therefore telegraphed to Washington and
$150.- 0 1stock and the -"me amount of first 6s. The Presi­ promptly accepted. The sale of the Union Pacific line? will
take place Nov. 1 and Nov. 2 while the sale of the Kansas
dent is George Q Cannon of Salt Lake.—-V. 65, p. 786.
Pacific Division is postponed nntil Dec. 15,
Sprague E lectric.—Interior Conduit & Insulation.—
The following will show the amount due the Government
Proposition to Purchase,-—Edward H Johnson, John Mirkle on account of the Union Pacific main line (which amonnt
and Frank S Hastings, a committee of stockholders of the the committee now undertakes to pay in full) as of Oct 1,
Interior Conduit Ss Insulation Co., has issued a circular let­ 1897. and the sinking fund assets, which will serve as an
ter to the stock, scrip and mortgage bondholders of said off-et for the committee in providing the necessary cash in
company recommending a sale o f the property to the settlement;
Sprague Electric Co., ¥100 of Conduit stock to be exchanged
Due on suimiiiy bonds U. P. m ain lin e....................................927,236.512
for ¥52 of new Sprague preferred stock and $48 of new A<>i'Utnulat»-<!
Interest due and unpaid to Oct. X................... 30.830.886
Sprague common stock on the basis of $1,250,00 capitaliza­ Interest accrued, but not yet d u e ...........................................
286,147
tion of the Conduit Co, The Sprague Company will pav for
Total to be paid to !'. S. G overnm ent, as of Oct. 1 ........$58,353,545
the scrip 75 per cent par value and for the Conduit Com­
—
pany's 8 per c*»nt bonds their par value with a r -r a r i inter Siukinv fund asset- to be a cq u ired :
Pueblo UR. and U- S. bon ds (par v alu e)....... 913,645,250
est, both payments to be in cash.—V. 65. p. 730; V.64, p. 888.
4,537,216 18,182,466
Cash ......................... ‘ ............................. .
Terre Haute Electric Ry.— Explanation as to Rece-verihip
Balance, to be provided by committee, as of Oct, 1... *40,171,079
—Many were no doubt surprised to learn that this road
The new arrangement will make neee-sary, the committee
passed into the hands o f a receiver on Monday o f last week,
on account of street paving taxes. As the case seems un­ states, the issue of an additional $8,0i 0,000 of first mortgage
■is, making the total issue under the plan not over $85,000,000usual we furnish the following facts:
The l,«sii*tatiire last winter passed an act authorizing the city of j and possibly not to exceed Isa,10 *,000.
Terre Haute to fund the company's street paving awMiimit Into a \ As to the Kansas Pacific lines, the only portion subject to
long-time, low tnteresl-tHsarln* bond. The city council also In June
Government lien and affected bv the postponed sale, is
unanimously passed an ordinance to permit the extension and bond j the
issue. The Mayor, however, beta# antagonistic to the company. re­ the 391 miles extending from Kansas City westerly to a point
fused to sinrti tne bond*, claiming the act to be unconstitutional near Oakley, Kansas. From Oakley to Denver, a distance
Strong legal opinions in support of the act, tneiudltuc one from Ev­ of 242 miles, the road is subject to the Denver extension
il. 8. Attorney Miller, were anhtnltted by the company, but the Mayor jmortgage, the bonds secured by which are practically all in
would not accept them, and without notice on Monday morning matte
a before-daylight" levy upon the property, using the |>olU;« to stop Jthe hands of the committee, so that the Government lien
the care at an hoar when the company eomd not get funds in bank or not extending to the same no foreclosure srie of the exten­
friend* to its assmtanee. Th' company has already paid the city this sion is necessary. Tire road from Denver to Cheyenne is the
year 95,000 for street paring assessment*, and It the bonds had been
signed there would have been no taxes .madlmt against the property. old Denver Pacific, and this also is free from any Govern­
A part of the debt, moreover, upon which the receivership was ob­ ment lien, being subject by collateral hen first to the Kan­
tained l* owned by the company and a part i* not due.
sas Pacific con-ols (nearly all held by the U. P. committee)
The sentiment of the community Is strongly in favor of the company, i
as Is shown by (he fact that the c ity oounoii lias passed an act ernnpli i and secondly to the Union Pacific gold notes 0s, or Morgan
menting the present tnaii»*en»«-it anti asking the receiver to retain it j notes as they are called.
in possession, so far as known there ha* never been aeaee In Indiana
Thi? lien on the Kansas Pacific aggregates $12,901,272 (in­
of a receivership In a tax ■tuie, and It I* thought doubtful whether such cluding $6.3 3J 00 principal and $6,598,272 unpaid interest.)
a step I* legal.
The receiver, who will remain in control until alt questions In dU- j The Attorney-General is quoted as saying that the United
pute are scuW, )s a conservative and prominent i-ttivn, and It 1* he- j St tes will appear as a bidder at the sale and protect its in­
tiered will manage the property In the interest of ail concerned.--V. terest to the full exrent of its mortgage. The committee's
65, p. 778,
bid on account o f the line is, of c mrs", withdrawn. There
Toledo Hi. Louis k Kansas < itv fty.— Foreclamre Decree has been some talk, however, to tire effect that the committee
to he Htnt'rrd «« December—At Cincinnati, October 23, all j might be held responsible as to tli * Kansas Pacific for a pro­
parties to the litigation were before Judge Taft on an appli­ portionate share of its former bid for the whole property, on
cation of the Continental Trn*t Co,, as trustee for the bond­ the ground that the decree of foreclosure w s entered in view
holders, for a final decree of foreclosure and sale. At the j of a guaranteed bid covering all the subsidized, lines This
urgent solicitation o f stockholders and creditors 'o r more j idea the committee counts of no consequence, believing itself
time she Court entered an order allowing 35 days from O t. to be free to buy or not as it pleases. It will buy if the pur­
23 for the taking of further testimony, and stated informally chase price is satisfactory to it.
that, no furt her extension would b- granted, and that a final I As bearing on the claim that the syndicate went into the
decree would be entered in December.—V. 85, p. 572.
reorganization with the certainty of large profits, it is inter­
Tubular Dispatch Co,— Sew Stock and Mortgage-—This I esting to not? that early in the year ‘rights'’ to participate in
New York corporation, which is operating the new pneu ! the syndicate's undertaking were offered at2l£ per cent dis­
malic postal tubes recently put into operation in New York count, The syndicate, it is understood, is entitled to receive
City ha* increased its capital stock from $1,500,' O') to $2,1' 0. |for the money furnished by it par iu new 4 per cent bonds
Of 0 and has made a mortgage for $8 0 000 The Central Trust and 50 per cent in preferred stock—not an excessive allot­
Co, is the trustee under the mortgage, which secures an issue ! ment, it is thought, considering the critical time in wbic-h
of thirty year 5 per cent gold bonds. The plant consists |the syndicate was formed, the large amount involved and the
of a double line of tabes from the main Post Office to uncertainties of the outcome. It may also be said that the
the sub-station in the Pro luce Exchange and also to tti- increased bid now obtained by the Government is not to be
Postal Station H, in Lexington Avenue, with intermediate met at the expense of the syndicate (except indirectly as it
may affect, the value of the new securities receiv-sl by it
stations thereto.
Union Pacific By,—Guaranteed Bid fo r Main Line In­ for its services), but is to be provided for by the new com ­
creased to fron t 458,000,000—Sale Of Kansas Pacific. P st- pany, in other words at the cost of those persons who have
poned till Dec 15 A 't irney-General McKenna on Monday continued to hold instead of selling, or who have purchased
notified the reorganization committee that the Government t he securities of the property since the agreement of January
had applied to the Court f <r a postponement of the foreclo last in the belief that the Government would fulfill its part
the contract as fir-1 made.
sure -ale of the Union Pacific a id Kansas Pacific line?, which of The
allotments made under the reorganization plan to Kan­
was set for D»xt week, until Dec. 15, when Congress would be
in s-'-idon and able, if it pleased, to take action regarding the sas Pacific security holders, and amounting to ahont$ 5,000,in new bonds and $2 >,060,00'! in preferred stock, the com­
property. The announcement was totally unexpected, inas­ 000
much <t* the agreement made by the Government four week? mittee announce-', will remain reserved for the reorganiza­
tion
of the Kansas line For the reorg mization of theUnion
ago not to appeal from the foreclosure decree, in considers
Pacific maiu line will be required, it is stated, not exceeding
tion of the increase in the committee's guaranteed bid to $70,000,t
i 0 of first mortgage bonds and $55/ 00 00’) of pref­
$50 000.00 », had been iccepted as a virtual pledge to offer no
further objection to th» sales taking place. The Government, erred stock.—V. 65, p. 730, 736, 782.
however, took a different, view o f the matter and decided
W heeling & Lake Erie B y.—Preliminary Assessment—A
that it still h id the right to ask for a postponement.
preliminary assessment o f 1 per cent on the stock is being
This move taken at so late b da'e placed the committee in paid at the Central Trust Co. to reimburse the committee for
a 8»ri >n dilemma. Should Congress interfere, the whole »he advance of $80,000 used to pay interest to srst mortgage
reorg miz. ition t.dan mi rht be frustrated, and Serious disturb­ bondholders October 1st, and also to provide a fund to meet
ance of general financial interests result. Believing that the any other contingencies which may arise affecting the stockGovernment's agreement was final, the committee bad pro holde s’ interest. The plan of reorganization m aybe issued
needed to ca-ry out its agreement with the security holders shortly, but the fall amount of the assessment called for by
bad called two of the assessments on the stock, and had made it is not made public. Application has been made to list
contra*:'? iovolvirg large outlays, including the agreement to O nt.ral Trust certificates of deposit for the common and pre­
purchase several millions' worth of securities from the Mor­ ferred stocks on the N. Y, Stock Exchange.—V. 65, p. 622.

THE

82(5
g k p o r ts

a n d

CH RO N ICLE,

fVOL. L X V .

S t o c k s , B o n d s a n d P r o p e r t y O w n e d b y t h e M e t r o p o l it a n St r e e
R a i l w a y C o m p a n y a n d it s L e a s e d L i n e s .

J J c r c u m je u is .

Investments of Street Railway Company in stocks and
bonds of other companies :

METROPOLITAN STREET RAILWAY
COMPANY.

1

APPLICATION TO THE NEW YORK STOCK EXCHANGE.

V shares B roadw ay A Seventh A ve. RR. Co stock.
31 shares T wenty-third Street Ry. Co. stock.
50 shares E ighth A venue RR. Co. stock.
3.000 shares C entral Park North A East R iver Rail­
road Co. stock.
4.000 shares F orty-second Street A Grand Street Ferry
Railroad Co. stock.
10.000 shares T hirty-fourth Street Crosstown R ailw ay
Co. stock.
5.000 shares F ulton Street R ailw ay Co. stock.
15.000 shares T wenty-eighth A Twenty-ninth Streets
R ailroad Co. stock
1.000 bon ds Twenty-eighth A Twenty-ninth Street*
R R . Co., $1,000 each.
6 bonds B leecker Street & F ulton Ferry R ailroad
Co., $1,000 each.
100 shares B leecker Street A Fulton Ferry R ailroad
Co. stock.
170 shares L on g Island F ertilizing Co. stock.
645 shares Fulton C onstruction Co. stock.
2.000 shares City Railw ay Im provem ent Co. stock.
14 bonds City R ailw ay Im provem ent Co., $1,000
each.
3,637 shares North & East River R ailroad Co. stock.
$12,075,668 7 3

New Y ork, September TO, 1897.
Application is hereby made by the Metropolitan Street
Railway Company (an organization duly incorporated un­
der the Railroad Law of the State of New York November
12, 1895), for the listing of §12,500,000 General Mortgage and
Collateral Trust Five Per Cent Gold Coupon Bonds, dated
February 1, 1897, and due February 1, 1997; numbered from
1 to 12,500, both inclusive ; par value of each bond, §1,000;
and) registered bonds to be issued in lieu of same, as de­
sired. in denominations of §1,000 or some multiple of §1,000,
and to be numbered from R1 up; rate of interest, 5 percent,
payable February 1 and August 1, coupons payable at the
N ational Union Bank, Nassau and Cedar Streets, New York
City. Trustee, Guaranty Trust Company o f New York, 65
Cedar Street, New York City. Both coupon and registered
Real estate owned in fee by the Metropolitan Street Rail­
bonds are issued under the mortgage, with privilege of reg­
istering principal of coupon bonds. Bond Registrar, 621 way Company:
Broadway, New York City.
A venue C D epot, East Tenth and ElevE leventh Streets...................................... $300,000 00
The mortgage provides that if default is made in the pay­
Chambers Street Depot, leasehold, with
ment of all or any part of any instalment of the interest
60,000 00
buildings....................................................
for the space of 90 (lays, or should any taxes or assessments
Ninth A venue and Fifty-fourth Street
remain unpaid for one year, then the entire principal sum
D epot property........................................
266,072 76
B elt Depot, F ifty-fourth Street repair
secured by the outstanding bonds, together with the inter­
sh op s........ ................................................
85,795 41
est, becomes due.
13,058 81
No. 413 E ast Tenth Street, stable.......
The condition of the Metropolitan Street Railway Com­
T w enty fourth Street and Eleventh
Avenue, leasehold..................................
32,042 69'
pany is as follows :
Nlnty-sixth Street and First Avenue,
The Metropolitan Street Railway Company is the merger
real estate.................................................
175,000 00
of the following companies, and embraces all their valuable
Front Street Power-house p rop erty___
300,000 00
real estate and franchise rights :
And the following, subject to Lexington Avenue
1. H ouston W est Street A Pavonia P erry Railroad Co.
m ortgage:
2. Chambers Street A Grand Street Ferry R ailroad Co.
3.
4.
5.
6.
7.

M etropolitan Crosstown Railw ay Co.
Broadway Railway Co.
South F erry Railroad Co.
Lexington Avenue & Pavonia Ferry Rai’ road Co.
Columbus & Ninth Avenue Railroad Co.

And, through ownership of stock and lease, controls and
operates the following companies :
1.
2.
3.
4.
5.
6.
7.
8.
0.
10.
11.
12.

The entire system, as shown by map enclosed, covers
189-67 miles of track, of which 23'04 miles are operated by
cable, 9-8 miles by underground electric, and 157-55 miles
are unconverted and still operated by horses.
A statement is annexed showing the total funded debt of
the Metropolitan Street Railway Co. and its lessor companies,
with the rentals and interest payments guaranteed by the
Metropolitan Street Railway Company, and also a list of the
Metropolitan Street Railway Company’s investments in
stocks and bonds of other companies, with a schedule of the
real estate directly owned by it and controlled by it through
contracts of lease.
St a t e m e n t o f P r e s e n t F c n d e d I n d e b t e d n e s s o f M e t r o p o l it a n
S t r e e t R a i l w a y C o m p a n y a n d it s L e s s o r C o m p a n i e s .

5%
5%
5%
*%
5%

Total—Metropolitan Street Ry. C o ... $21,400,000
I .f l R O V C o m p a n i e s —

Broadway & Seventh A ve. consolidated
mortgage, o f which there is outstanding
and the balance held In esorow .............
to protect the
Broadway A Seventh A ve.
1st mortgage, due 1904.$1,500,000
Broadway & Seventh Ave.
2d mortgage, due 1914..
500,000
Broadway Surface 1st mg.,
due 1924 ......................... 1,500,000
Broadway Surface 2d mg.,
due 1005.............'............. 1,000,000
South Ferry Railroad 1st
m ortgage,duo 1919........
350,000
$4,850,000
Twenty-third Street Railway 1st m ort___
Twenty-third Street Ry. Co. debenture ..
Bleecker St. A- Fulton Ferry RR. 1st M ..
Central Park North A East Riv. R R .lst M.
Forty seoond Street A Grand 8t. Ferry
Railroad first m ortg ag e...........................

7,650,000 Dee., 1943
4,850,000 Dee., 1943

3,681,969 67

Real estate owned by subsidiary companies:

Broadway A Seventh A venue R ailroad Co.
Eighth Avenue Railroad Co.
Sixth Avenue Railroad Co.
Ninth A venue Railroad Co.
Central Park North & East R iver Railroad Co.
N ew York A Harlem Railroad Co., City Line.
Forty-second street & Grand Street F erry Railroad Co.
Twenty-third Street Railway Co.
Bleecker Street & Fulton Ferry R ailroad Co.
Fulton Street Railroad Co.
Thirty-fourth Street Crosstowu Railw ay Co.
Twenty eighth A T wenty-ninth Sts: Crosstown RR. Co.

Company—
Amount.
When Due'.
M etropolitan Street R ailway general
m ortgage and collateral tru st..................$12,500,000 Feb., 1997
M etropolitan C rosstowu Ry., first m ort..
600,000 Apr., 1920
Metropolitan Crosstowu Ry.,second mort­
gage (Held iu treasury Street Railway).
300,000 May, 1901
Lexington Avenue & Pavonia Ferry
Railroad first m o rtg a g e ...........................
5,000,000 Sep., 1993
C oluinbusAN lnthAve. RR., 1st m ortgage
3,000,000 Sep., 1993

L exin gton Building, Twenty-fifth and
T w enty-sixth Streets p ow er-hou se..$1,500,000 00
116th Street and L enox A venue p rop­
e r ty .............................................................
350,000 00
99th and 100th Streets car house p rop­
erty .............................................................
600,000 00
-----------------

n

B roadw ay & Seventh Avenue Depot
car hou se................................................... $2,520,000 00
B roadw ay A Seventh Avenue, Fifty500,000 08
first Street power-house.........................
B roadw ay A Seventh A venue, H ous­
ton Street pow er-house.........................
850,000 00
B roadw ay & Seventh Avenue, Hous­
ton Street real estate and cable build­
in g ............................................................. 2,500,000 0 0
Central Park North A E ast R iver Rail­
road D ep ot p roperty ...........................
805,000 00
F orty second Street & Grand Street
D epot property and water fron t.........
700,000 00
T w enty third Street Railw ay, lots
Thirty-fourth Street and First A venue
70,000 OO
Twenty-third Street R ailwav, stable
and depot building..................................
250,000 00
Ninth Avenue Railroad, lots Amsterdam
A venue and I2f>th Street......................
18,000 00
Sixth A venue Railroad, lots L enox A v e­
nue and 141st Street...................
113,000 00
Sixth & E-ghth Avenue, Vesey Street
p rop erty ....................................................
63,750 00
8,389,750 0 0
$24,147,388 40

This $12,500,000 general mortgage and collateral trust
bond is a first mortgage on the property o f the Houston
West Street & Pavonia Railroad Company, commonly called
the Avenue C line. It is also a first lien on the Chambers
Street & Grand Street Ferry Railroad; on the Fort Lee ex­
tension from intersection of 125th Street and Amsterdam
Avenue to 130th Street and North River; and on the new
electric power house now being erected at 96th Street and
First Avenue, to cost about $2,000,000. The mortgage is
also a first lien on various pieces of real estate scattered
throughout the city, with an estimated value of $500,000.
The leases of the following companies are pledged for the
further security of the mortgage:
B roadw ay A Seventh A venue Railroad Co.
23d Street R ailw ay Co.
Bleecker Street A Fulton Ferry R ailroad Co
Central Park North & East R iver Railroad Co
Sixth Avenue R ailroad Co.
Eighth A venue R ailroad Co.
Fourth Avenue Railroad Co.
42d Street A Grand Street Ferry R ailroad Co
Ninth Avenue R ailroad Co.

As collateral security to the mortgage there has been de­
posited with the trustee the following stocks:
250,000 Jan., 1909 6%
150,000 Jan., 1908 5%
700,000 Jan., 1900
1,200,000 Dee., 1902 7%
230,000 Jan., 1909

Total—Lessor C o m p a n ie s...... . . . . . . . $15,036,000

6%

suiuts u m ui u tutui auuuuiiiou i5Sue o i z i.u u o snares or til©
■ „ „ „ B roadway A Seventh Avenue Railroad Co.’s guaranteed stock.
4,000 shares out of a total authorized issue o f 7,500 shares o f the 42d
Street & Grand Street Ferry Railroad Co.’s 18 per cen t guaranIrL u

SLO CK.

3 ,0 0 0 sh a resou t of a total authorized issue of 18,000 shares of the
Central Park North A East R iver R ailroad Co.’s 9 per cen t
guaranteed stock.
•
9,900 shares out o f a totai authorized issue o f 10,000 shares o f the
34th Street Crosstown Railway Co.’s stock.
'

THE CHKON1CLE.

October 80, I897.J

S t a t e m e n t o f E arntngs o f t h e M e t r o p o l it a n St r e e t R a i l w a y
Co m p a n y f o r t h e F is c a l Y e a r e n d in g J c n e 30, 1897.
Grom e a r n in g s ........................................
$ 9 ,4 3 6 ,3 3 4 0 0
O p e r a t i n g . .. ^ . .._______________
4 ,8 1 0 ,2 3 5 35
S u rp lu s ____ __________________________________________________ $ 4,6 2 6 ,0 9 8 65
3 ,1 8 6 ,9 7 5 74
Less fix e d c h a f e s , ........ ..........................................................

g ltc

827

C o m m e r c ia l

C OMMERCIAL

3 J im .e s .

EPITOM E.

F r id a y N ig h t , October 39, 1397.

N et e a r n i n g s . ...—. - . ......................— ..................................
$ 1 ,4 3 9 ,1 2 2 91
T o w h ich m ust b e a d d ed in te re s t o n in v estm en ts n o w
o w n e d b y th e M e tro p o lita n S treet R y. C o., b a t fo r ­
m e r! v pai l in to th e tre a su ry o f th e T ra ctio n C o ........ .
9 8 ,6 9 0 61

Locally business has been on a very moderate scale, the
mild weather, together with the exceptional keen interest
shown in the municipal election, interrupting trade very ma­
$1,537,813 52 terially. In the Northwest, however, the advent o f colder
weather has been reported, and with it there has developed
D e t a il o f F i x e d C h a r g e s f o r Y e a r E n d in g J u n e 3 0, 1897.
T axes o s p roperty used in op eration....... ...$ 1 7 9 ,0 2 $ 99
a moderate call for winter goods. The situation in the
T axes on earnings and capital stock .. . . . . . . . 152,889 26
Southwest has continued unfavorable, the quarantine against
O ther taxes, city rentals, e t c — . . . . . . . . . . . . . . 213/257 49
----------------- - $545,175 74 yellow fever holding business in check
The diplomatic re­
Interest on landed debt, M etropolitan
lations existing between the United States and Spain over
Street Railway Co.:
L ex’ ton A v . 1st mort. $5,000,000,5 per cent .$250,000 00
the Cuban situation have received considerable attention.
Columbus A Ninth A venue first m ortgage
150,000 00
$3,000,000, 5 p <r vent ............... .
The reply to Minister Woodford's note, however, is reported
H ouston w m t 8 i A Pavonia Ferry 1st m o r t
as being conciliatory, increased interest has been shown in
$500,0 00,5 ji. e. (this m ortgage since paid
o.fl) ...........
2 5 ,000 00
the wheat market, as prices have again developed an advanc­
M etropolitan Crosstow s first and second
m ortgage, $9 00 ,0 0 0 ,5 per een t.»,. . . . . . . . . . 45,000 00
ing tendency.
--------------- _
470,000 00
Lard on the spot has had only a limited sale, both here and
Total o f funded debt, $9,400,000.
Rentals—
at the West, and prices Ijave declined under fairly free offer­
Broad way A Seventh A vena© R a ilr o a d .... -.$210,000 00
ings, closing at 4'30c, for prime Western, 4'20@4'25c. for
Eighth A venue R a ilroad ... . . . . . . . . . . . . . . . ___ 215,000 00
Sixth Avenue R a ilro a d ..------ . . . . . . . . . . . . . . , , . 145,000 00
prime City and 4 85c. for refined for the Continent. The
Ninth Avenue R ailroad ,. . . . ..................
5 4 ,5 0 0 0 0
local market for lard futures has been neglected. A t the
Central Park North A East River R ailroad.. 144.000 00
N ew York <k Harlem R ailroad . . . . . . . . . . . . . 35*2,500 00
West there has been a downward tendency to prices under
4 2 4 Street A. Q m s d Street-Ferry B aU rom l,. 134,610 00
liquidation by longs and some selling by packers. The close
23d Street Rmttway.. . . . . . . . . . . . . . . . . . . . . . . . . . 108,000 00
was quiet.
B leeeker Street A Fulton Ferry R ailroad „ ,
13,500 0 0
—— —---- — 1,377,140 0O
Interest on Funded Debt, Jjssm r On*a:
B roadw ay A Seventh A venue consolidated
m ortgage, dtta 19 43,1 7,65 0,00 6, 5 p. <*,.. ,.$382»5O0 0 0
Broadway Surface first m ortgage,due 1924,
$1,500,000, 5 p . c. . . . . . . . ___ . . . . . . . . ___ _
75.OO000
B roadw ay Surface necond m ortgage, due
1905, $1,000,000, 5 per cen t.. . . . . . . . ..... ... 50,000 00
B roadw ay A Seventh A venue firat m ortgage
due 1904. $ 1 ,500 .000 ,5 per c e n t.. . . . . . .. . 75,000 00
B.rc*a4way A Seventh Avenue m o ami m o r t
gage, A m W i t , $ ‘,0 0 ,000, 5 per cen t . . . . . 25,000 00
South Ferry firat mortgage, due 1919,
$350,000, 5 per c
e
n
t .........17.500 OO
------- ---------625.00O OO
R**pr»?«entltigthe total am ountcoverc«l by
fo e Broad wav consolidated m ortgage,
$12 ,500,000:
23d Street R ailway, firet m ortgage, due
1909, $ 2 5 0 / 90, 6 per c e n t . . . . . . . . . . . . . . . 15,000 00
2 3 d Street Railway' debenture*, da© 1900,
$150,000, 5 p e r c e n t .- * . . ............
.....
7 ,5 0 0 0 0
B leeeker Street flret mortgage, h m 1000,
$700,000, 7 per c e n t . . . . . . . . . . . . . . . . . . . . .
49,000 00
Central Bark North A £a*t R iver RE. first
mort,, due 1002, $1,200,000, 7 per m at*,.. 84,000 OO
42& Street A Grand street Ferry BR, ftral
m ortgage, due 1909. $230,000, 6 per c en t. 1 4,180 OO
— — -------169,€60 00
T ota l of funded debt* lessor companies,
•UMMMkOOO.
B ala nce

$3,188,975 74

Siixht M etropolitan SntJirr R a il w a y C ompany

Sfc ITEM BLR 30, 1897,
Assets.
C o o f road and equipm ent, franchise and property - .$31,363,999 98

1

A d d itio n a l real e s ta te
............... ................ ................... .
,0 3 1 ,1 9 9
Inventinetit* in ateekn an d boride o f o th e r co m p a n ie s . 1 2 ,0 7 5 ,8 8 8
D u e fro m lea sed lin es, im p r o v e m e n t s .. . . . . . . . . . ...........
1 ,421,751
New c o n a tru ctlo n a c c o u n t . . . . . ...... . .................................... 2 ,1 4 3 .2 8 2
M a terial* an d s u p p lies
......... ........................... ............
187,0 33
O ffice f u r n i t u r e .. ... . . . . . . ..........................................................
13,231

C a a h on b a n d ............... .................. ..............$1,018,704 83
*8peei»i d e p o s i t ..... ..... . . . . . . . . . . . . . . . . . ' 1,400,000 00
^Deposlt#* U m t c o m p a n ie s ....... . . . . . . . . . 3,675,O0O 00
---------------- —

98
73
57
46
13
43

6,093,704 S3
$ 5 4 ,3 2 9 ,8 5 2 11

Liabilities.

C a p ita l stock ................................................................................ $ 3 0 ,0 0 0 ,0 0 0 0 0
F u n d ed D eb t, C o n s o lid a te d C o m p a n ie s :
lA X lh g fo n A r e . m tge . . . . . . . . . . . . . . . . . . . . . $ 5 ,00O .0 0 O 0 0
C o lu m m ii ,k K lnth A r e . ra tg e .. . . . . . . . . . . 3 ,0 0 0 ,0 0 0
M et. C ro ssto w n first m t g e . . . . . . . . . . . . . . . .
8 0 0 ,0 0 0
M et. Qromtowtt s e e o n d ih t g e . . . . . . . . . . . . . .
3 0 0 .0 0 0 OO
---------------------- 8 ,9 0 0 ,0 0 0 00
M etru p d llten S treet R y. gen era l rntge, an d co u n t. trust, 1 2 ,5 0 0 ,0 0 0 OO
R e n ta ls a c c r u e d . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ___ . . . . .
2 8 3 ,8 5 5 00
in te r e s t a ccru e d ......................... ................................................
3 3 ,3 5 8 3 2
A cco u n t* p a y a b le . . . . . . . ......................................................... .
4 7 5 ,2 1 7 13

00
00

Open Recount*___. . . . . . . . . . . . . . ____ ______ __________ _____
P r o fit* & d loss (siirpiiift). . . . . . . . . . . . . . ___ . . . . . _________

892,672 31
1 ,2 4 4 ,7 4 9 35

$54,329,852 11
* H eld for change o f m otiv e power.

METROPOLITAN' STREET R A IL W A Y CO.,
H. H V r e e l a n d , President.
Charles E. W arrkn, Secretary.
The Committee recommended that the above-described
$13,500,000 General Mortgage and Collateral Trust Five per
Cent Gold Coupon Bonds o f 1997, Nos. 1 to 12,500 inclusive,
be admitted to the list.
Adopted by the Governing Committee Oct. 37, 1897.
—Adams's “ Cable Codex " h>u reached its eighth edition,
over 75,000 copies of the book having been sold. It is pub­
lished especially in the in erestof the travel In , public, and is
sold at the low price of twenty-five cents. F. O. Houghton
& Co., I l l State Street, Boston, or Eden, Fisher & Co,, 6
Clements Lane, London,

DAILT CI.OSINO PRICKS OP LARD FUTURES,
Sat. Mon. Tnes.
Wed.
Thurs,
O u t.......................0. 470 4*65 4*55
4*00 4*55

Fri.

4*50
The demand for pork has been quiet, but prices have been
unchanged and steady, closing at 88 50 39 ilO for old mess,
fi) 50i§9 75 forjnew megs, $U 25(313 25 for family and $9 50@
13 23 for short clear. Cut meats have been quiet but steady,
closing at J6K©7c, for pickled bellies, 5r!4 •<6c. for pickled
shoulders and 7f; §8c. for pickled hams. The demand for
beef has been quiet, but values have held steady at
•i*750@8 for mess, $8 50 39 50 for packet, $9 50010 50 for
family and $14 00:316 00 for extra India mess in
tcs. Beef hams have been easier, closing at $34024 50
Tallow has been quiet and unchanged at 3i£c. Oleo stearine has weakened slightly, closing at 4J£c. Lard stearins
has been dull at 5 r5*,e . for prime city. Cotton seed oil has
weakened slightly, closing at 23133840. for prime yellow.
Butter has had a moderate sale, and for choice prices have
advanced slightly, closing at 14@23Jj0, for creamery. Cheese
has been quiet, and the close was eaiy at 7}^@9J^c. for State
factory, full cream. Fresh eggs have had a fair sale and
prices have advanced to 18@18}j' for choice Western.
Brazil grades of coffee have had only a very limited sale,
and as the offerings have been fairly large, prices have weak­
ened slightly, closing at 63<fe. for Rio No. 7. The mild
grades have sold slowly and the price for fair Cucuta has de­
clined to WUe. East" India growths have been quiet but
steady at 24 .24}£e. for standard Java. Speculation in the
market for contracts has been more active, but it has been at
the expense o f prices, which have declined under liquidation
by foreign longs. The close was lower.
Following were final asking prices:
Oct...................5-40c. I Jan............... 6 00o. 1 April............... 6-Ifio.
Nov................. ;VlOo. Fob..................0-O0o. May............... 6-15e,
P e e ................. 5-850, I M arch ............. 6-10o. I July................ G20o.
Raw sugars have been neglected and the prices quoted
have been nominal at 8?£' #3JS for centrifugals 98-deg, test,
and 31;, ft 33jje. for Muscovado 89-deg. test. Refined sugars have
been dull and prices have been lowered
closing at
5c. for granulated. Other staple groceries have been quiet
but steady.
Kentucky tobacco has had only a limited sale, but prices
have held steady. Seed leaf tobacco has been less active,
but values have ruled steady. Sales for the week were 850
cases as follows : 25 1cases 1896 crop, New England Havana,
18(34 )0.: 1<0 cases 1896 crop, New Eagland seed leaf, 21@25c.;
10 i cases 1894 crop, Pennsylvania seed leaf, ll@ l21£c,; 100
eas -8 1895 crop, Pennsylvania Havana seed leaf, 12%Y313J-£c.;
15 i cases 1895 crop. Zimmers, 16® 17c.; 50 cases 1892 crop,
Dutch, 9 -4'c., and 159 cases 1893 crop, Wisconsin Havana, 10c.;
als >810 bales Havana at 70c to $1 30 in bond, and 150 bales
Sumatra at 88c. to |2 in bond.
Business in the market for Straits tin has been moderately
active, but, reflecting easier foreign advices, prices have weak­
ened somewhat, closing at i3-80@13 85c. Ingot copper has
been quiet and prices have declined to 11c. for Lake. Lead
has had only a slow sale but values have held steady, closing
at 3 90@3 92i£c for domestic. Spelter has been dull but
steady at 4 20@4-25c. for domestic'. Pig iron has been fairly
active and steady at f 10@12 25 for domestic
Refined petroleum has bean unchanged, closing at 5'40c. in
bids., 2'90c. in bulk and 5 95c. in cases; naphtha quiet at
5'50c. Crude certificates have been neglected.; credit bal­
ances have been steady at 65o. Spirits turpentine has been
quiet and easier, closing at 21@31^c. Rosins have been dull
and unchanged at $1 ’40 $$1*45 for common and good strained.
Wool has been firm but quiet. Hops have been quiet and
easy.

THE

C H R O ^ 'C L E

C O T T O N .

October 29. 1897.
T h e M o v e m e n t o f t h e C r o p , as indicated b y our telegrams
from the South to-night, is given below. For the w e e k ending
this evening the total receipts have reached 8(4,147 bales,
against S70.S41 bales last week and 294,888 bales the Prev"1Y'is
week, making the total receipts since the 1st o f Sept., 18Ji,
•.V.5.\2;;2 bales, against 2,831,039 bales for the same period ot
1898. showing a decrease since Sept. 1.1897, of 175,807 bales.
F r id a y N ig h t .

Receipts at—

Mon.

Sat.

Wed.

Tuct.

Galveston........ 11,777 24,318 19,179 11,984 8,539 11,576
629
.........
......
Tex. City. Ac.
New Orleans.. 12,768 13,677 38,443 11,102 12,697 12 813
579 1,795
863 6,405 2,866 1,627
M ob ile..............
91
Florida.............
9,634 9,537 14,142 8,669 10.002 11,209
Savannah........
7,498
.........
BrunBw’k.Ac.
5,000 6,208 2,884 3,495 4,074 4,305
Charleston......
.........
......
.........
........ 17,715
PtL Royal.Ac. . . . . . .
W ilmington---2,027 3,201 3,948 1,802 3,573 4,824
35
........
.........
.........
......
Wash’ ton,Ac.
4,531 4,820 4,419 3.625 3,590 4,870
N orfolk ............
818
.........
.........
.........
JTp’ t News, Ac. .........
425
844
New Y ork .......
463
758
664 1,173
507
885
B oston ..............
1,39*
......
......
......
......
B altim ore.......
585
280
527
486
468
441
Philadel’ a, Ac..

87,373
629
101,500
14,135
91
63,243
7,498
25,966
17,715
19,375
35
25,855
818
1,269
4,450
1,398
2,787

Tot. this week 48,442 69,578 87.031 43,757 43,985 81.344 374,137

The following shows the week’s total receipts,the total since
Sept 1,1897, and the stock to-night, compared with last year.
Receipts to
Oct. 29.

Since Sep.
1,1 897 .

G alveston... 87,373
629
Tex- C.,Ac.
New Orleans 101,500
M o b ile ........ 14,135
F lorida........
91
S avannah... 63,243
B r’ wiok,Ac.
7,498
Charleston.. 25,966
P. Royal, Ac. 17,715
Wilmington. 19,375
35
Wash’n, Ac.
N orfolk ....... 25,855
818
N ’p ortN .,A c
New Y ork ...
1,269
B oston ........
4,450
1,398
B altim ore. .
Philadel. Ac.
2,787

Stock.

1896.

1897.
This
week.

591,230
9,449
460,894
81,713
15,066
394,941
58,877
170,281
27,939
144,041
510
157,477
5,201
2,813
15,952
5,701
13,147

This
week.

Since Sep.
1.1896.

68,143
2,803
98,343
12,589
390
34,768
4,327
24.87G
7,796
14,270
28
40,537
627
1,711
9,922
2,324
1,283

538,238
38,906
705,363
90,034
8,853
296,461
39,268
177,679
12,219
112,159
313
254,584
4,070
10,543
27,213
8,342
' 6,797

T otals....... 374.13" 2,155,232!324,737|2,331,039

1897.

1896.

204,643
182,290
28,875

182,561
7,448
308,770
49,869

134,029
18,210
54.075

124,221
8,132
83,238

33,748

35,829

29,984
1,480
57,751
17,000
12,290
9,576

75,794
1,492
161,035
18,000
11.361
6,8*4

783.951 1,075,031

In order that comparison may be made with other years,
we give below the totals at leading ports for six seasons.
Receipts a t-

1897.

1896.

1895.

Galves’ n.Ac.
New Orleans
M ob ile.........
Savannah...
Ohas’ ton, Ac.
Wilm’ ton, Ac
N orfolk .......
N. NewB, Ac.
A ll oth ers...

88,002
101,500
14,135
63,243
43,681
19,410
25,855
81*
17,493

70,946
98,343
12,589
34,768
32,672
14,2940,53:
627
19,957

53,790
90,732
9,597
36,846
9.638
7,316
16,098
11,123
15,947

103,690
68.094
133,63 s 120,16f
9,919
10,278
67,904
49,807
28,072
26.999
18,90'"i
7,906
21,634
31,385
24,643
11,393
22.679
9,093

69,143
79,998
9,147
47,724
19,747
12,931
19,987
15,591
19,284

Tot. this wk

374,137

324,737

251,017

431,44 3 331,762

293,552

1894.

1893.

1892.

Since Sept. 1 2155,232 2331,03St|l6?0.90- 2263,730 1810,001 il711,975

The exports for the week ending this evening reach a total
o f 202,962 bales, of which 138,428 were to Great Britain. >6 ,7 4 9
to France and lo9,78 >to the rest of the Continent. Below
are the exports for the week and since Sept. 1, 1897.
Exportt
fro m—
Galveston.......
Tex. City, Ac..
Now ( Orleans..
Mobile.............
Pensacola...,.
Savannah........
Brunswick...
Charleston...
Port Royal___
Wllmlnjrton..
N orfolk..........
N'port n ., Ac..
New York___
Boston ..........
Baltimore. ..
Philadelphia..
San Fran.. Ac
T otal..........
Total.

18 o.

Week Eruling Oct. v0, 1897.
Exported to —

From Sept. 1.1897, to Oct 29,1897.
Exported to—
Great
Conti- Total Great
France
France Conti­
Total.
Brlt’n.
nent. Week. Britain.
nent.
47,366

a 729

.
28, *67

8.860

is , 1 1 0 66.204
20b
208
28,(115 61,070
.......

11,6 If
o,350
P.946
11,212
4,"PS
l.Ov 9
10.589
e.tea

56,14-

.........

2.160
.........

.........
7,700
8.0 0

cuts !

60,156
5,310
14,768
16,965
11.242
4,78'i
1,099
19.624
6,062
8,644
762
8.150

170,693 66,930
126,368 68,322
P,7lfl
8,150
23, *8W
20,330
30,6M)
16,916
78,410
.........
17,709
1.4 9
00,817 12,496
46,268
11,926
900
2.551

In additio. to above exports, our telegrams to-night also
give us the following amounts of cotton on shipboard, not
cleared, at the ports named. We add similar figures for
New York, which are prepared for our special use by Messrs.
Lambert & Barrows, Produce Exchange Building.
ON SHIPBOARD, NOT CLEARED FOR—

55,16*
3,300
82,620
6,500
13J,1>8
10,662
60,740
8,000
26,665
1,799

291.581
3,300
267,300
14,650
167,677
i 0,882
81.H89

Coast­
wise.

Total.

22,294
21,531
20,000
16,000
6.000
5.000
950
19,000

2,618
10.868
2.000
1,800
None.
5.4< 0
None.
None.

S4,3V0
103,744
33.000
34 000
19.000
14,400
6,750
37.000

97,910
101,399
101,029
20.075
9,875
15.584
5 '.0 0 1
55,301

Total 1 8 9 7 ... 137,228

61,036 110.825 22.686

331,774

452,177

Total 1 8 9 6 ... 177,0«1
84,375
Total 1 8 9 5 ...

25,866 103,497 23,406
34,380 '5 ,5 9 6 22,794

329,850
?1M 4»

745,184
701,606

New O rleans...
C harleston.......
M ob ile..............
Other ports___

116,420
45,569
28,960

Fair................................... c.
M iddling F air. .................
Strict Good M iddling.......
Good M iddling .................
Strict Low M iddling........
Low M iddling....................
Strict Good Ordinary.......

UPLANDS.

0 ,6 0 0

9,600

GULF.

STAINED.

415,
55?'
6
65'ie,e
6%

Sat.

W on T ues W ed

5*4
5161C
638
6*8
71,6

5.Hia
57e 570
6» n 6\ s
69,6 63,6
7
7

Sat.

W on T u e s W e d

Low Middling..............................
Middling.......................................
Strict Middling...........................
Good Middling Tinged..............

1*8 uu.
Even.
73v off.
7i6 off.
7s off.
1 ^ off.

43i £ ! >
55r
52*x 537o.
6*6 61,.

415,
558
6l n
6Bi«
6%

415,.
5=8
61,6
6l
64t
53ih
57b
65,«
6* 6
7

T li.

F r i.

4' 5,6
5^8
611
6516
6%

478
*910
6
6*4
6 Jifi

T li.

F r i.

53 0
578
6-> 6
6
7*16

5
5*8
13^
6*4
6*a
616, a

T li.

F r i.

4“ 1P
5»s
527... 527,
61, 61,

45s
4H,e
5yi«
55
*
f.27
a2»32
61,6 6

MARKET AND SALES.
SPOT MARKET
CLOSED.

448,4'3 1,2 0,302

lfl'M.82

42.4«8

414,6 6 1.26P.12-!

T ota l..

710.176 144.410

H on Tues W ed

5
5U ,
«**
6
33
s
61
lfl

Good Ordinary...........................
Low Middling.............................
Middling.....................................
Good Middling............................
Middling Fair.............................

16,749 100,786 262,9021 624,251 137,648
2< 0.397

VTtuuu i^ruiuary.............. O.
G ood M iddling T in g e d ...
Strict M iddling Stained .
M iddling Stained..............
Strict Low Mid. Stained.
L ow M iddling S ta in ed ...

Sat.

Good Ordinary...........................
Low Middling.............................
Middling......................................
Good Middling............................
Middling Fair .......... ................

136,428

3,160

1 on.
n , 6 on.
% on.
on.
3 ,e off.
7le off.
131(J off.

On this basis the prices for a few of the grades would be
as follows.

Bat’d ay..
Monday.
Tuesday
Wed’day
Th’ d ay..
F riday..

3,6 H
762

31,374 28,094
49.054 21,741
1,00(> 10,000
16,200
None.
13.000
None.
4,000 None.
1,20o
4,600
None.
18.000

Speculation in cotton for future delivery has been only
moderately active, and no changes of a radical nature have
occurred in prices. There has been no increase to the buy­
ing power, but owing to the fact that there has been less
pressure from the South to sell cotton, and the bear interest
has not been aggressive, values have held fairly steady.
Daring the latter part of the week there were predictions o f
frosts in the Southwest, and this had a favorable influence
upon the market. Saturday the market was weaker under
liquidation by tired longs, prompted by weaker foreign ad­
vices and an anticipated heavy crop movement for the com­
ing week.
Monday there was a quiet market and the
changes in prices were unimportant. Tuesday foreign ad­
vices were disappointing, and there was a slightly freer offer­
ings from the South, which resulted in increased pressure to
sell, and prices further declined. Wednesday there was a
firmer tone to the market on buying by nervous shorts to
cover contracts, stimulated by predictions o f frosts in the
Southwest. Thursday the market opened easier under the
failure of the predicted frosts to materialize. Later in the
day, however, on the official weather forecast being received
again predicting frosts in the Southwest, the market ad­
vanced as shorts bought to cover contracts. To-day the
market was weaker under selling both for local and New
Orleans account, prompted by disappointing foreign advices
and increased crop estimates. The weather map showed
frosts as predicted, but advices received stated that they did
no damage. The close was easy at a decline of 9@11 points
for the day. The spot market was quiet and prices declined
1- 6c. on Monday and to-day there was a further decline of
l-16c., closing at 6c. for middling uplands.
The total sales for forward delivery for the week are
8’ 2.( 00 bales. For immediate delivery the total sales foot
up this week 4,428 bales, including — for export, 1,328 for
consumption, ----- for speculation and 3.100 on contract.
The following are the official quotations for each day of the
past week—October 23 to O tober 29.
Rates on and off middling, as revised Sept. 8, 1897, by the
Revision Committee, at which grades other than middling
m aybe delivered on contract, applies to quotations begin­
ning with the 9th.

104,075
19,598

43,000
301
16,126
850

L eaving
stock.

Other
Qreal
Britain. F rance. Foreign

Oct. 29 at

loud.

Fri.

Thurs.

|V o l . L X V ,

Quiet
Dull at i , b d ec..
Rasv .................
S tea d y ...............
f i l l e t ___
Quiet at ija deo.

BALES OP SPOT AND CONTRACT.
Ex­
port.

Con- Spec- Con­
sump. uVVn tract.
365

....
....

206
156
295
30ti
1,328

- -.

....

Total

Sales o f
Futures

365
500
300
1,256
59 5
1,406

2 23,500
139.000
132,700
138.100
i3 i 300
117,400

3,100 ‘ 4,428

812,000

500
lo o
1,100
300
1,100

.O O © O O O O O O O O O O

OS
'M

CO

HO© O O O O O O O O O O O
050 ,0 o o q o c i o o 0 0 0 0
® o c O<&-# 00 t>*Q1CCDr f h*’
X>cit>
H b
05 0
5
CD
C5

> OOOOCOIOO 00 m
>o o o o o s t *
I Oi®00®t--_05 10 g
r' C
5t'if
tOiCtC&i H ”7 *2
iV
—I r * esvre. AT.A

0 0 OOOOOOOOOOO
OOOOOOOOO
l059.0
o g o qO O
o o o « 0 0 0 0 0 9
COr-KO t>of000 cio^ ocoo
Hot) COoOr-.
H»0 C0p~iC5
05
00 Xl r-»

©OOOOOOOOOC
g g goog oog oc
9 0 o 000 o 0 0 0 0 0
H

05r f

b ''# H HOC

CD 05

T ow s.
o o o o 'f 'n
0 0 0 i0 ® 0
0. 0.0 9 9 °.
00cressOjH 05

A lab am a ...
Enfatila.
M ontgom ery,
**
<1
Selma,
Helena,
A rk an sas ..
M
L ittle Kook,
Albany,
G eouols___
Athens,
<«
Atlanta,
i*
Angnsta,
»♦
Ooltunboe,
<*
Macon,
tl
Home.
Louisville,net K entuckv .
Shreveport, lootbiana .
Mis siss ipp i . ’
ColnmliuB.
«
Greenville.
**
Morldtan,
*1
Natohct,
1*
Vicksburg,
H
Y atoo City,
St, Lottie,
M isso u ri .
N.C arolina
Charlotte,
**
Kaloigh,
Cincinnati, OHIO............
8. C arolina
Colombia,
**
Greenwood,
T e n n e s s e e ,,
Memphis,
4*
Nashville,
Brenham,
T e x a s ..........
Dallas,
Honaton,

COH CD—*COOT

OOOHOOO*
ooow ^«
0000050
05r* co r- -j» *#
COr^tO©-*

OOOOOOOOOO
.0 0
>OOOO O O O O O C
® i s >OOOH O OOOOC
00>0->1
HCWrH
O
O O o - •- —
OOOOWtcO

9900990 0 ^
>c ^

;.g

ccooocccTh

of pj

g ^ e s ^ s s

OOOHiftfl)
OOOifilOC

0000500
050500COC50f
ClHOt'CO
l> CO® OC to 10

i °tr
- M

ee
t-3
o
Fmmi

is

o

Pd

„

M a r k e t , Price* o w l
S a le s o f
FU TU R ES,

o

«2
‘ 40 * * **^ ' a

• g s i^ H w iie c ic ^

33 *0
2■«S®S nS n33
S3|
r>nr?aft-so

'M i l s

®B0

M

l ,

»
!silfipi
:ffi|i! Is

j3
*2*3 £35*3 +i»*J +2>+4. +4
as* 4*tao3«fl3caot,.
MM
M M * .* m m
0 0 P 5 0 0 0 0 OOOO

Market,
Range and
Total Sales.

Movement t o October 29, 1897.
R u eip tt.
SMpm'ts Stock
Thie
Since
This
Oct. 29.
week. <Sep(.l,’97, week

a a flU
D A IL T

October,

November

December.

January.

T otal, SI tow n*

j
PRIOMS A ED
February.

SALES
March,

--

1,012
3,452
6,033
6.024
10,292
2,086
5,567
12.554
18 139
3.709
3,282
5,095
307
7,147
3,376
3,500
2,434
4,171
1,916
5.716
42.835
1,482
685
7.383
2,062
997
37,001
3 .< 09
4 92
8,40*
72,444

May.

945
3 ,0 m
5,1-66
3,062
5.340
1.728
2.480
12,778
9,426
1,547
2,798
3,351
321
5,180
2,097
1.700
1,400
2,385
74
3,20.-)
36,7«9
1,482
363
7,083
2.062
907
15,385
764
350
8,824
93,196

1.562
15,733
8,110
13,36*
22,545
4,4 <3
7,520
10,044
38,861
9,905
8,252
7,309
57
13,263
2,560
6,877
2,831
9,1 16
4,750
9,647
28,692
096
6.526
75.350
1,0*3
5,083
5,388
49,863

280,658 1,746,361 236,579 889,655

OF FUTURES FOR EACH
A pril.

11,337
63,826
30,573
2.'.,627
48.726
24,277
28,617
77.606
140,566
29,80!
42.070
21.731
1,940
46,299
11,336
18,237
9,315
21,391)
4,208
23.057
165.381
6,762
8,154
26,672
11,104
5,489
160,693
4,110
16,034
46.432
606.882

Movement it, October 30, 1896
Receipts.
SMpm'ts Stock
This
Since
This
Oot 30.
week. Sept. 1,’96. week.
697
4,059
3,309
2,080
3,727
1,779
5,335
5,840
14,364
2,285
2,398
3,533
658
5,121
1.830
2,961
1,639
2,754
3,6 (3
3,705
24,108
961
1,380
12,946
1,523
821
23,670
989
1,050
1.668
67,168

9.571
67,152
38,223
22,744
33 585
23.340
29,742
58.717
138,143
23,574
40,995
26.204
1,824
42,9 TO
12,903
26 913
15,689
31,670
33.523
23,777
140.673
9,187
13.151
58,693
15,068
7.522
212,273
5,970
26.059
20.580
561,811

207,893 1,772,377 206,960

MONTH.

June.

July.

August.

Sep,'em her.

A v 'g e .. B-00 A v'ge. 5-97 A v'ge.. 5-97 A v'ge.. 3-99 A v ’ge.. 6'00 A v ’ge,. 6-00 A v 'g e,. 6-12 A v 'g e.. 8-18 A v’ g e.. 0-20 A v ’ge.. 6-22 A V g e ..-----— A v’ ge..iwiwer.
Saturday, Oct. 2 3 2.500
800
13,700
3,200
2,300
... ...
9,300
39,900
27.400
2,600
1.800
123,500
iiales, total.............
— «
Prices pulil (range) 5’82® B'24 5 -9 8 » 6-01 5 92® 8 00 5 -0 :)» 8-OP 5*95# 6*02 S‘99 ® 6*03 6*03® 6 10 6-09® 6-14 6-1.1 « 6 '1 “ 0-10 a 6-22 0-19® 6*24 — » 6 0 9 - 6 1 1 6 - 1 4 - 6 1 5 8 - 1 7 - <519 6**20- 6*22 **“ *“ —
“** ~ ***
C losing................... B’rly steady. 5 - 0 6 - 5-98 5 - 9 4 - 5-95 5-96® 5*0) 5*98— 5*99 6 0 2 - 6 03 0 * 0 8 - -

a
03
H

Monday, Oct. 25
sales, total.............
Prices paid (range)
1 Olosing....................

fi

8-21

Steady.

A v ’ ge.. 5-95 A v'ge. 5*93 A v 'g e .. 3 0 3 A v ’ge.. 5-98 A v 'g e.. 6-01 A v 'g e,. 6-05 A v 'g e.. 8-07 A v 'g e .. 6-13 A v'ge.. 0-18 A v ’ge.. 6-10 A v’g e ..-------- a v ’ ge..
1,400
05.500
21,300
400
3,400
4,600
28,900
600
3,000
9.900
— 4
0 -10# 0-17 6*14# 6*19 8-17® 6-21 “ # 5-914® 5-97 5 9 1 » 5-9.-> 5 93 ® 5*9“ 6-94® 6 00 5-9!> a 6 0 4 6 02® 6-0$ 6 0 7 ® —
6 0 S - 6-03 6 07— 6-08 6 1 1 - 0-13 8 1 6 - 6 1 7 0 1 9 - 6-21 6-22— 6-24 ~
5-07— 6-91) 5*95— 5*90 5 9 7 - 5-98 6 0 0 - —
— —

(Honing.....................

A v 'g e .. 5-94 A v’ge.. 5*90 A v’ge . 5-92 A v 'g e.. 5 94 A v 'g e.. 5-99 A v ’ge.. 0 0 2 A v'ge. 6 0 7 A v 'g e.. 6 1 0 A V g e.. 0 14 Av*#?©.. 6*18 A v 'g e ,. 6-20 A V ge..
Easier.
700
.. . . .
700
73,100
1,000
100
300
3.200
13,100
98,000
1.400
20,100
132,700
- # 6'20 — n —
9 5-91 5'87 9 6*92 6*890 5*95 3-9 2® 5 97 5-iw a « o f 8*00# 8*04 0-03® 0-07 0-09 ff 6*12 6*14# 6*15 6*16# 6*18
5 -8 7 * ti-20 —
->
0
-1
0
0
1
8
0-00—
0-10
6*13
—
0
1
4
5
8
9
5-90
5
*
9
4
—
5*i»8i*8tl
0
0
2
—
6
0
3
6
07
5-1U
5
93
3
9
2
5*93
—
—
—
;
*—
steady.

! W cdn'd'y, Oct, 27—
Sales, total..............
j Prices paid (range)
C losing....................

A v ’ge.. 5 9 8 A v 'g e.- 5*05 A v 'g e . 5-96 Av'fto.. 5*99 A v 'g e,. 6-05 Av***.. 8*07 A V g*. 6*11 A v 'g e.. 0-14 A v 'g e ., 6*IS A v'ge.. 6*22 A v 'g e ..-------- A v’g e .,
l-'lriiier,
' 2,200
1,600
62,400
*4,000
17,700
3.900
' 3,500
11,300
•t.HOO
6,200
138,100
n — # —
5'92® 6-23 5-94® 6 01 5*92® 3-1)7 5*94# 5*99 3 - 9 « « 6-02 6*01 # 6-07 6 0 i® 6-10 6*0*# 6*14 6*12 a 0*18 6*16# 6 19 6-21® 0-23 5 9 9 — 6-00 5 - 9 6 - 5-97 5 9 8 - 5 99 6 * 0 0 - 6*01 6 0 4 - 6*05 a -(H - 6-09 6 1 2 - 6 13 6 1 6 - 0 1 7 6*20- «-21 0-33 ~ 0*21 *** — —
Steady.
— **“

! I’huraday, Oot. 28—
1 sales, to ta l.......... .
Prices paid (range)
; C losing....................
j
! Friday, Out. 2 0 Sales, total.............
Prices p aid (range!
C losing....................

A v ’ge 5*92 A v'ge. S'90 A v’ kd. . 5*92 A v'ge.. 3 94 A v'ge.. 3-116 A v 'g e 6-01 AV'ge. 0 00 A v 'g e,. 0-09 AV ge. 6-13 A V g e.. 0-15 A V ge. 0-19 A v'ge..
Easier
1*700
4,100
22,200
3,400
53,500
too
10.400
31.400
>.«!>«
500
1,400
131,300
— n
5-8,8 9 0-10 5-88® 5-95 5*8 8« 5 92 3-88® 5-93 5*91 & 5*9 ? 3-9 •<» 6-01 6-99® 6-03 6*05 # 6*06 d-07 * 6-12 6*11.® 6-16 6 1 5 ® 0 1 7 8*10# 6*08—
8
09
6*18
~
8*17
6
1
8
0-21
612- —
0 - 3 3 - 6'24 — *—
6*94— 5 96 5 - 9 2 - 5 94 5'94~~ 5 95 6 - 9 6 - 3 97 6 tK>- 6 01 6 * 0 4 - 0*05
Steady,

ruesday, Oot, 26 Sales, total.............
Prices paid (range)

rr>-Z

Steady.
130.000
5 -9 1 9

A v 'g e .. 5-88 A v 'g e.. 3*88 A v'ge. 3'88 A v’ge. 5-90 A v'ge. 3-91 A v'ge.. 5'97 A V ge. 6 00 A v 'g e .. 6-00 A V ge. 0-10 A V g e.. 6-11 A v 'g e ., 0*16 A v 'g e.. ---------Lower
1,700
]0O
2,390
2,900
1.200
600
6.500
19.100
62,100
13,100
»*• . . .
35,800
147,400
n 0-16 ~ #
5-f- 1 a « 16 5-85® 5-90 3-814 5 02 5-84® 5 1)1 5*88# 5*96 5*90# 5*95 5*04# 8*04 5*09# 6*0 2 0 02 V 0 T 2 6-00® 6-11 0 1 0 * 0T 4 5 - 8 1 - 5*33 5 -8 1 - 5'83 5 - 8 6 - 3*87 5 * 0 0 - 5*»1 5 0 4 - 3-93 5*$H— 5-00 6 - 0 2 - « ‘03 6 0 0 - 6-07 0 -1 0 - 0-11 0 1 4 - 6 1 6 — — "**
Easy
“ — ““

Total (ink's 1h
Average prloe, week

812,000

!9 * le ss tn e e 8 e p .l ,’ 9 7 .

5,359,000

14,600
5-94
375,200

27.300
6*92
348,600

75.600
5-93

359,400
696

053,000

2,334,000

16,100
5*99

177.600
0-03

66,100

729,900

10,100
0-07
27,100

113,100
6-11

11,200
613

351,500

54,000

0,700
6-18
33,000

305
618
300

500
5.293
b,SS9
3,0 >0
6 453
1.267
3,4 00
5,105
16,236
1,524
1,00 i
3.134
608
3,966
1.377
3,242
1,850
3,941
3,015
1,750
22,998
761
1,061
13,256
1,523
796
19,793
1.503
1.626
2.333
70.098

L
*****

*
,

3.673
26.101
9,615
8,795
6,801
6,559
13,654
12,939
40,240
12,842
12,510
3,454
35
16,852
3,758
10,750
1,278
9.386 5 “° ►*! J
20,277
12,775
29,1 s 2
500
1,151
5,653
. „ „. . .
275 ©
§ e» 03
102,933 5 2 § « - ►*
1,163
7,726 rf , „-*3 © •*»
2,170 © g> «e jd r*
65,181
H
> ©
c^ ois ^S cf
448,288
V* & JSCO

TH E

830

CH RON1 LE.

[V ol . L X V .

W eather R eports Bv T elegraph .—Our telegraphic ad­
Quotations fob Middling Cotton at Othkr Markets.—
below are dosing quotations of middling cotton at Southern vices this evening indicate that rain has fallen in most sec­
. ..
• i
i..________ I__A—t __ a / fVin nrnob •
tions of the South during the week, but that outside of
Texas the precipitation has generally been light. The gath­
CLOSING QUOTATIONS FOR MIDDLING COTTON ONering of the crop has made good progress where not inter­
Fri.
""OeL 29. ' Satur.
Wednet. Thurs.
Tue*.
' Mon.
rupted by rain, and cotton is being freely marketed.
5%
5*i
5*1
513,0
51*10
G alveston..
Galveston, Texas.—Light frost occurred this week at Long­
51*1(1
55s
ry\
5*,
511,6
5*8
New Orleans
®°i«
view, Sherman, Abilene and Palestine. There has been rain
5^
5Rj
5ia
5«ia
5%
M ob ile ........
5 » ,0
530
on two days during the week, the precipitation being one
538
5’ , 0
Ski
Savannah. .
5>o
5’ ia
53s
53s
5*8
C harleston..
51*10
5%
inch and forty five hundredths.
The thermometer has
5^8
5*3
5*8
5»8
Wilmington.
5*8
5*8
averaged 68, ranging from 56 to 80.
5^8
5°s
N orfolk .......
5*i
5 'lia
5H ie
Palestine, Texas.—We have had rain on one day of the
6iia
fihs
6%
6*0
B oston ........
6l,o
Oho
6
6
6
6
Baltim ore...
week, the rainfall being seventy-two hundredths o ' an inch
6
6
6*4
6»io
6
h
«
Philadelphia
6%
65,0
The thermometer has ranged from 44 to 84, averaging 64.
Augusta.......
5°8'3>11J6 £ “ i«
5 “ io
5 'i i e
511,6
b » 8 a lli
Huntsville, Texas.—There has been rain on two days during
5'>8
5*1
5°s
MemnJils—
5%
530
51*io
the week, to the extent of one inch and seventy-three hun­
5*1
51*18
St. L ouis___
5n ie
5i*io
5’ 8
5l*,e
511,6
55,
H ou ston ---51316
5 H ,6
5U io
5u io
dredths. Average thermometer 64, highest 82 and lowest 45.
6
6
6
6
6
6
C incinn ati..
Dallas, Texas.—Rain has fallen on two days of the week,
6
6
5 78
6
L ouisville...
6
5 78
the precipitation reaching one inch and eleven hundredths.
The dosing quotations to-day (Friday) at other important The thermometer has averaged 62, the highest being 86 and
Southern markets were as follows.
the lowest 38.
5*2
5*18 N a s h v i l l e ........
San Antonio, Texas.—There has been rain on two days the
511,6 C o lu m b u s , M is s
N a t o h e z ............
E u t a u la ...............
5*a
5*8
5 ‘ io past week, the precipitation reaching ten hundredths of an
5*2
R a l e i g h .............
5*s
5*1
L i t t le R o o k ___
inch. The thermometer has averaged 65, ranging from 46
5 is
5 5,0 S h r e v e p o r t ___
Columbus. Ga. 5*8
M o n t g o m e r y .. .
84.
Receipts from the P lantations.—The following table to Luling,
Texas —It has rained heavily on two days o f the
indicates the actual inovementeach weekfromthe plantations. week, to the
of two inches and five hundredths. The
The figures do not include overland receipts nor Southern thermometerextent
has ranged from 47 to S3, averaging 65.
consumption; they are simply a statement of the weekly
Columbia, Texas.—Rain has fallen on two days of the
movement from the plantations of that part of the crop which week, to the extent of two inches and fifty-five hundredths.
finally reaches the market through the outports.
Average thermometer 65, highest 83, lowest 47.
Cuero, Texas.— We have had heavy rain on three days dur­
Receivts at the P orts. St'k at In terio r Tokens. R ec'p tsfrom PlanV m .
W eek
ing the week, the precipitation being three inches and ninetyEnding—
1895.
1895.
1897.
1897.
1896.
1897.
1896.
1880. 1 1806.
two hundredths. The thermometer has averaged 64, the
243,717 257.663 149,139 171,318 275,227 90,587 285,341 309,799 172,987 highest being 80 and the lowest 47.
Sept. 24 —
Brenham, Texas.—Rain has fallen on two days of the
Oct. 1 .. 283.476 283.936 j217,67 9 202.506 329,954 141,78* 314,664 338,713 268,830
The
“
8. . .. 293.004 331,230 274,185 239,761 .373,969 203.752 830,259 378,245 33^,409 week, to the extent of two inches and nine hundredths.
15 . . . . 294,8h6 337,677 2*0,659 291,976 415.409 268,191 347,191 379,697 345,098 thermometer has averaged 64, ranging from 46 to 83.
*♦ 22 ... 370,541 330.571 295,438 325,576 447,355 325,575 404,141 861,937 352,821
Fort Worth, Texas.—There has been rain on one day of the
M 29
374,137 324,737 <251,087 369.655 448,263 364.994 418,216 325,670 290,507 week, the precipitation being eighty hundredths of an inch.
The above statement shows: 1,—That the total receipt8 Average thermometer 62, highest 85 and lowest 38.
Weatherford Texas.—It has rained on two days of the
from the plantations since Sept. 1, 1897, are 2,479,811 bales; in
week, the rainfall reaching eighty-one hundredths of an inch.
1896 were 2,678,738 bales; in 1895 were 1,958,203 bales.
2.—That although the receipts at the outports the past week The thermometer has averaged 62, the highest being 84 and
were 374,137 bales, the actual movement from plantations was the lowest 39.
New Orleans, Louisiana.—There has been no rain during
418,210 bales, the balance going to increase the stocks at the
interior towns. Last year the receipts from the plantations the week. The thermometer has averaged 73.
Shreveport, Louisiana.—We have had rain on two days of
for the week were 325,670 bales and for 1895 they were
the week, to the extent of seventy hundredths of an inch.
290,507 bales.
Ovebland Movement fob the W eek and Since Sept, l.— The thermometer has averaged 69 and ranged from 55 to 86.
Columbus, Mississippi.—There has been no rain during the
We give below a statement showing the overland movement
foi the week and since September 1. As the returns reach us week. The thermometer has ranged from 41 to 82, averag­
by telegraph late Friday night it is impossible to enter sc ing 61.
Leland, Mississippi.—Dry all the week. Average ther­
largely into detail as in our regular monthly report, but all
tne principal matters of interest are given. This weekly mometer 66'3, highest 90 and lowest 42.
Vicksburg, Mississippi.—We have had a trace of rain on
publication is of course supplementary to the more extended
monthly statements. The results for the week ending Oct. 29 two days during the week. The thermometer has averaged
69,
the highest being 82 and the lowest 54.
and since Sept. 1 in the last two years are as follows.
Little Rock, Arkansas.—There has been rain on one day
1897.
during the week, the rainfall reaching twenty-eight hun­
1896.
dredths of an inch. The thermometer has averaged 66, rang­
October 29.
Since
Since
ing from 42 to 82.
Week. Sept. 1
Week. Sept. 1.
Helena, Arkansas.—Indications point to a better yield of
Skipped—
cotton. Frost has done no harm yet. There has been rain
Via 8t. L ou is................................. 36,789 144,368 22,998 129,819
on one day of the past week, the rainfall being six hun­
Via C airo....................................... 12,672
59,607 11,084
70.157
Via P arker....................................
445
512
2,472
4,730 dredths of an inch. Average thermometer 59-2, highest 76,
Via R ock Island...........................
2,211
800
5,676
6,560 lowest 42.
Via L ouisville...............................
2,539
4.823
13,148
38,839
Memphis. Tennessee.—Rain fell on Thursday to the extent
4,422
Via C incinnati..............................
6.823
11,036
27,854
Via other routes, <fco....................
6,018
16,310
1,748
11,792 of one hundredth of an inch. The thermometer has averaged
64 8, the highest being 80 and the lowest 50 p8.
Total gross overland............... 65,126 252,617 48,818 289,751
Nashville, Tenn.—The weather has been fine for gathering
Deduc t shipments—
9,904
Overland to N. Y ., b oston , & o..
37,613 15,240
52,895 the crop. Rain has fallen on one day of the week to the
224
Between Interior tow ns..............
1.727
161
693 extent of three hundredths of an inch. The thermometer
780
Inland, <ko., from South.............
7,315
598
8,149 has averaged 60, ranging from 43 to 77.
Mobile, Alabama.—There has been no rain during the week.
Total to he deduoted............... 10,908
46,655 15,999
61,737
Light frosts occurred in the interior on Tuesday and Wednes­
Leaving total net overland*.*. 54,218 205,962 32,819 228,014 day. The thermometer has ranged from 49 to a3, averaging

The foregoing shows that the week’s net overland movement 66.
Montgomery, Alabama.—The weather has been dry all the
this year has been 54,218 bales, against 32,819 bales for the
week in 1896, and that for the season to date the aggregate net week. Average thermometer 66, highest 79 and lowest 53.
Selma, Alabama.—The weather continues favorable for
overland exhibits a decrease from a year ago of 22,052 bales.
I n Sight and Spinners'

Takings.

1897.
Week.

Since
Sept. 1.

1896.
Week.

Since
Sept. 1.

Reoelpt* at porta to Oot. 29 . . . . . . 374,137 2,155,232 324,737 2,331,039
Net overland to Oot. 29................. S I, 218 205,962 32,819 228,014
Southern consum ption to Oot. 29 21,000 183,000 2 0 ,0 0 0 161,000
Total m arketed........................ 449,355 2,544,194 377,556 2,720,053
44,079 324,579
933 327,694

I n t e r io r s t o c k s in e x c e ss...............

Game i n t o s i g h t d n r l n g week. 493,434
378,489
T o t a l In s ig h t O c t . 29...............
2,868,773
3,047,747
N o r t h 'n a p l n n e r o t a k ’ g s t o O o t.29

77,594

433,256

73,792

423,979

It will be seen by the above that there has come into sight
during the week 493,431 bales, against 378,489 bales for the
•arae week of 1896, and that the decrease In amount in sight
do-nlght as compared with last year is 178,974 bales.

gathering the crop. The top crop also is doing well. There
has been no rain during the week. The thermomter has
averaged 62, the highest being 80 and the lowest 42.
Madison, Florida —Telegram not received.
Savannah, Georgia.—It has been dry all the week. Aver
age thermometer 65, highest 78 and lowest 54.
Augusta, Georgia.— We have had only a trace of rain the
past week. The thermometer has averaged 66, the highest
being 80 and the lowest 51.
Charleston, South Carolina.—It has rained on five days o f
the week, the precipitation reaching eleven hundredths of an
inch. The thermometer has ranged from 55 to 77, averag­
ing 65.
Stateburg, South Carolina.—It has been cloudy all the
week, with rain on two days to the extent of fifty-three hnn
dredtbs of an inch. Picking is still in progress. Average
thermometer 61, highest 73 and lowest 83.
Greenwood, South Carolina.—It has been dry all the week
The thermometer has averaged 62, ranging from 54 to 70.

THE

O otobbb 30. i 97, J

CHRONICLE

Wilson, North Carolina.—There has been rain on fonr
days during the week, to the extent o f on® inch and thirtyone hundredths. The thermometer has ranged from 46 to 68.
averaging 58.
The following statement we have also received by telegraph,
showing the height of the rivers at the points named at
8 o’clock October 38,1897, and October 39, 1896.
Oct. 28, ’97.

Oct. 29, ’96.

Meet.
3-0
0 3
00
16
*2-5

Feet.
4 1
2*5
1*1
2*7
2*9

New O rleans.........
M em phis................
Sasbvill©. *....... . . .
Bhxe-v e o o r t . . . . . . . . ....... B elow 7.,-ro o f gauge
V icksburg......... ....
' Below zero o f gauge.

I ndia Cotton Movement F bom a l l Posts .—The receipts
a n d shipments of cotton at Bombay have been as follows for
t h e w e e k and year, bringing the figures down to Oct. 28.
Bo

m ba y

ascenrs

x sd

sk u

*m

bn ts y o b

fo u r

t s a r s

1Shipments this week. | Shipment* tim e Sept. 1. |

.

Beceiptt,

I—------- :---------- :---------- —
— -----------— --------- ---- ------------— Tear (treat Conti­
Great | Conti_ , ,
TMe
Since
Total, j Wee)Ci Sept. 1.
BriCn. nent. Total. Britain nent.
1897
1896
1895
1881

s.o o o ; 6.000
6,000
21,000
3,bob 3.000
1,000, 46,000
47.000 7,000
57.000
3 i,o o o
31,000: 9,000
81.000
2 ,i m 2.000
19.0 001 2,000
3,000; 11,000
25.000
Shipments f o r the week.
Shipments since Sept. 1.

......

Conti­
nent.

Great
B ritain.
Calcutta—
1 8 9 7 ..
. . . .. . . . . .
1 8 9 6 ..
...
Madras—
1 8 9 7 ..
. . . .1,000
1 8 0 6 .,
___________
U others—
1897. . . . . .
.........
1890.........
Total all—
1897.........
1 8 8 6 ......

1,000
ax p o ars

Total.

Great
B ritain. Continent.

Total.

SSI

quantities of Manufactures of Got-

M o n th

ending A u g . 81. 8 m a s , e n d in g Aug. 31,

t o n ( c o lo r e d a n d i m c o io r o d )

comported t o -

1898.
1897.
1896
SJiilted K i n g d o m . .yards
787,192 5,572,545 6,58fU 9l
842.339
“
Prance....................... ... ....
135.009
006,362
45,000
Sermany ........................
'*
21,318
1,002,58b
806.908
Other countries In Europe.... **
72.77 3
49,285
584,', 73
917,743
British North America— ... **
882,023 1,310.4 n 11,904,407 23.798.051
854,834 1,03m,«j4 7,168,460 7,545,583
Central American States and “
Brittah Honduras...............
Mexico.... .... . . . . . . . . . _____
"
587,265
136,000 4,173.950 ' 5,034,135
3anfco Domingo...... ... . . . . . “
190*610
206,131 1,077,011 1,4 74,100
'*
Cuba............................
11,670
m ,% 93
158,890
162,338
Puerto R ic o .......
"
5,125
21,4-d2
63,121
271,140
Other W. Indies 4c Bermuda- "
1,021,72*1 1,110,256 8.700.394 8,837,136
292,014 1,187,221 2,376.878
argentine Hepubiia............... *4
230,348
Brasil . . . . . ........ ... — ........ “
858,768 1,060,340 5,3? 2A80 6.725,281
645.561
089,112 4,213,034 5,177,347
United States of Colombia... **
611,672 3,986,1*2 15,231,531 16,910,458
Othereotmtriesfng. America **
China...... ...... ........
** 10.301,293 13,864,850 104,284,010 73,775,913
561,751
British East Indies............... *'
3.073,19- 1,612,391
31,6*4
182, "50 2.36-J 443 1,387.371
Japan........... .
..... ....
“
11,634
139,4.5 3.387,632
8nt..Fosses’us in Australasia " i
552,231
1,293,186 2,650,552 10,018.421 9,018.899
Other Asia and Oceanica.... '*
546,897
873,480 12,505.250 12,057,078
A fr ic a ............... . . . . . .... '*
8.856
Other countries.. . .. ... . . . . . . . ,l
82,530 4,921,788
19,743,689 29,910,17? 211,454,0^4 183,909,000
Total yards of above.....
Total values of above....... ., ? 1,080,093 #1,710,870 #10,186,622 #10,782*966
falae per yard................. ........
#*r-5#2
#■0520
#*0568
$*058?
1807.

Paines o f o f h s r M an u factu res of
Cotton exp orted to—

United K ingdom ....... ..... .......
France-..... .... . . . . . . . . . . . . . . . . . . . .
Germ any...,...,.................... .
Jt her countries l n Euro pe. . . . . . . .
British North America..............
Central American States Jc British
H o n d u ra s....,......,,....,.* .....,
Mexico......................... ................ ..
?anto D o m in g o .,..,.,,,,,,.......
G a & a ...,

#38,911
'406
17,746
1,773
122,313
20,078

133,852
?S7
17,1* 3
2,877
85, m
18,315

#338.(105
6.278
183,785
27.952
1,009,90s
101,748

£9,807
2,108
782
35
8,710
3,028
4.010
7,536
1.973
790
64"
13,317

24,289
1,321
6,997
84.3
4,404
2.2*0
7,879
3,407
3,904
0*985
l .i i l
8,20 -

206,256
18.572
13,172
2,240
52,210
31.'89
39,073
37,490
32,840
1 0 ,5
1.044
123.738

48,141
25,400
38,179
139,135
2,307
81,919

30,678
2.469
400

86,380
4,974
192

220,010
44,05h
5,090

182,353
20,498
11,383

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

#280,370
12,659
• m .r io

33,741
1,012,016
156,187
198,033
13.438
28,357
3,€50
5x3,764

r.o b b

5.000
4.000

5.000
5.000

2,000

2,000
6,000

4.000
8.000

6.000
14.000

1,000
3,000

1,000
3,000

3.000
8.000

11,000
15,000

16,00<
23.000

Puerto Rico. . . ................... .......
Other W. Indies and Bermuda.---Argentine Republic.............. .
Brasil.... . . ... ........ .. . .... .......
Baited States of Colombia,... —
Other countries In So. America...
China... . . . . ........ . ......................
British Bast indies............ .
British Australasia.................. ....
Other countriesin Asia
antf
Ooe&nica,.
Africa....................... .....................
R herc o u n tr ie s.............. ......

3.000
3.000

4.000
3.000

7,000
15*000

20,000
27,000

27.000
42.000

Total value of other manufao
#290.138
#203,00^ #2,032,229 #2,426,190
tures o f.......... .
Aggregate value o f all cotton goods #1,356,220 #1,973,942 #13,018,851 #13.209,463

1,000

1,000

1,000

to

s t f ik o p b

fro m

a ll

r s d ia

.

E x c h a n g e s .— T h e f o l l o w i n g e x c h a n g e s h a v e b e e n m a d ®
d a r in g t h e w e e k :
16 pd. to exch. 2*300 Jan. fo r July. *04 pd. to exoh . 100 Feb. for M ch.
This
Since
TAfs
Sin*
This 1 Smct
*20 pd. to ex ch . 2,000 N ov.for May. 12 pd, to exoh . 2,000 N ov .for Mob.
week.
Sept. 1.
week.
S ept »
seech.
S ep t 1.
*08 pd, to e x cb . 300 Mob. fo r May, *18 pd, to exoh. 100 Oot. fo r May.
*16 pd, to exoh. 2,400 Jan. for M ay.
*03 pd. to exoh. 800 Nov. fo r Deo.
B rm b a y . ........
6.000
3.000
47.000
.........
31.000 *i 4, pd. t o e x c h . 2*100 Nov. for Jan. *03 pd. to exoh. 100 Nov. for Oot.
4.6b6
All other ports
27,000
3.000
42.000
6,000
4l» 000 *02 pd, to exoh. 2,400 Don. for Jon. Even 1,000 Oct. fo r Jan.
*18 pd, to exoh. 700 Deo. for May. *02 pd. to exoh. 200 N ov. fo r Oot.
T ota l., ..
4,000)
33,000
6,000
89,000
6,0 001 80 000 *09 pd. to exoh. 200 N ov. fo r Feb. *02 pd. to exoh. 600 Nov, fo r Deo.
*11 pd. to ©xch. 500 Dec. for Meh.
Even 200 Oot. fo r Dec.
A L E X A N D R I A K U C K I I T s A STD
W E ST S,
*25 pd. to exoh 1*000 N ov .for J ’ ne, *11 pd. to exoh. 500 Oot. for Mch*
13 pd, to exoh. 1*000 N ov.for Mch. *19 pd. to exoh. 3,000 Deo. fo i M ay.
A lexandria, Baifpt,
1897.
1896.
*02 pd. to exoh. 1,300 Oot. fo r Jan. *01 pd, to exoh. 500 Oot. for Jan.
1895.
October 27.
*08 pd. to exoh, 2*700 Jan. for Mch. *03 pd. to exoh. 200 Deo, for Jan.
10 pd, to exoh . 1,300 D eo.forM ob, *06 pd. to exoh. 100 Nov. fo r Jan.
Becelpt* (oantars
*08 pd. to exoh . 100 N ov. for Feb.
This week.......
300,000
316,000
310,000
Since Sept. 1 ............ .
1,109,000
i , 2 ta,ooo
1,315,000
S h a I s l a n d C o t t o n Mo v e m e n t . — We have received this
i This
(F r id a y ) evening b y telegraph from the varioue port, the
Since
This
Since
This
Since
week. Sept. 1 ; week. Sept. 1,
week. 8epl. 1.
details of the Sea Island cotton movement for the week. The
Shipments
to all jEurope
from —

Export* (bale*}—
To Liverpool
To Continents

1897.

1806

1885.

receipts for the week ending to-night (October 39) and since
15.000 45,000 9,000 52,000 14,000 62.000 Sept, 1, 1897, the stocks to-night, and the same item . foi the
8.0001 41,000 10.000 31.0 JO 6,000 31,000 corresponding periods o f 1896, are as follows.

T ota l E urope.
23,000 86,000; 19.000; 86,000 20,000 93,000
* A oantar la 98 pounds.
t Of which to A m erica In 1897, 2,537 bales; In 1896, 3,655 bales: In
1895, 4,758 bale*.

Stock

1896,

1897.
Receipts to Oct. 29.

Since
This
This
Since
week. Sept. 1. week. Sept. X. 1897.

1896.

Egyptian Cotton Crop.—The following report on the cot­ S avan nah......................... 4,089 12,695 3,682 26,580 15,193 18,325
4,276 2,599 3,610
1,822 1,002
459
ton crop in Egypt, issued by the Alexandria General Produce Florida, & o................. .
310
310
525 1,494
417
91
Association under da*e of September SO, baa been furnished
T otal................. ......... . 4,639 14,934 4.994 31,166 18,317 23,459
to ns by Mr, Fr, J a e . Andres of Boston :
The temperature during Septem ber was hot bat damp, whirh in
rueoxports for the week ending this evening reach a tote 1
som e localities counteracted up to a certain exten t the effect o f the
heat. There have been no worm s, but on the other hand fogs were of 1,059 bales, of which 850 bales were to Great Britain, 209
frequent, intense in som e districts, much lighter in others. They par­ to France and — to Beval, and the amount forwarded
tially Stopped the developm ent o f the last bolls, and In a measure also to Northern mills has been 476 baits. Below are the exporta
those o f the second picking. The first picking was too far advanced
to suffer, tt was voluntarily retarded by the cultivators, who on ac­ for the week and since September 1 in 1897 and 1896.______
count o f the low prices did not hurry to pick. To-day It is well ad
vanced, and I, generally reported to he it to 10 per cent superior to
that o f last year. The second picking will be g md bat perhaps
smaller than In 1898, because o f the fogs. As fo r the third, we eannot
say anything yet. It depends upon tbiUatmospherte Influence* during
October and November. In U pper Egypt and the Fayoum , the crop Is
draw ing to a d o se . It shows an Increase o f about 15 per cent over the
previous one. To ram u p ; in spite o f the fogs, our Inform ation is
satisfactory, and allow s ns to hope that the ultimate result, w ill be
rather superior to that o f 1896,

J ute B u t t s , B aqoino , &c. The market for jute bagging
has been quiet during the week under review, b u t p rie s are
steadily held at 5}-£c. tor 1'( lbs., 5 *c. for 2 lbs. god 6%e.
for 2V4 lbs. Car-load If M of standard brands are quoted at
5UjC. for l ) i lbs.. r,j£c. for 2 lbs. and 6\fc, for 2W lbs, f. o. b.
a t New York, The market for jute butts baa been i naff ye.
Quotations are *87)^@‘90c, for taper quality, l j ; , c . for mixing
and t"„e, for spinning cuttings, all to arrive. Spinning cut­
tings on the spot are quoted at 1%o. and paper quaility at 1c

Exports
from —
3'v-ann'li, &o
Oharl’ t’ n .A c
F lorid a , & e.
N ew Y o r k ..
B o s t o n .........

Week Ending Oet* 29. Since Sept. 1 , 1 8 9 7 .

North'n Mi1 *»

Great Fr*nce
Great Fr'nce
Total.
Total. B ril'n
AC.
At.
BriVn.

Since
Week. S ep t 1,

610
50

610
50
” 100

"269 ” 399

1 ,1 1 0
50

1,110
50
” 591
52

" l0 9

1 ,0 0 0

385

1 ,3 7 *
10

91

417

' 52

Phils., Sta...
T o t a l.........
T otal 1 8 9 6 ..

35Q
3 ,8 7 0

2 09

1 ,0 5 9

1 ,8 0 3

409

2 ,3 1 2

476

1,801

757

4 ,6 2 7

6 ,5 4 7

1,823

8 ,3 7 0

1,017

2 ,2 7 5

Quotations Oct. 29 at Savannah, forFloridas, common, 9o.;
medium fine, 10c.; choice,
<’harleston. Oarolinaa, medium fine, 17 to 18c ; fine, 20c.;
fully fine, 22 to 38c,; extra fine, 30 to 40c.; superfine,
50 to 60c,
E x p o r t s o f C o t t o n G o o d s f s o m G m a t B s i t a i n . -B-siow
D o m e s t ic K x p o b t s o f C o t t o n M a n uf a c t o b b s .—; W •- g iv e
below a statement showing the exports of domestic cotton w e give the exports of cotton yarn, goods, &e„, from Great
manufactures for August and for the tight months ended Britain for the month of September and since October 1 in
Aug. 81, 1897, and for purpose? of comparison like figures for 1896-97 and 1895-98, as compiled by ua from the British Board
th* corresponding periods of the previous year are also of Trade returns, It will be noticed that we have reduced,
presented:
the movement all to pounds.

THE

832

Lbs.
0 .1 0 b.r

...

M M m M l ...

Lbs

Fd#.
410,049
307.483
431,830

1896*06 1896-97 1895-90

Yds.

Lbt

Lbt.

1896-97

Lbs.

1895-96

Lbs.

103,212
97.182
104.416

110.109
104,431
98.6»*

68.8M9 1.218.371 1,271,04; 237,040 244,800

304.810

313.139

437,480 85,220 83,282
453,009 00,818 86,238
441.044 82.73
84,132

106.410
80.257
107.678

105.978
107,059
108,031

J»na»rT....... | 21, 81 2-2.60*'
February
j lD.P « 21.411
March ........ | *4^39 •23,04
Tot. 2d guar

1806-07

442.847 79,77 4 85.291
418,837 75,668 8<>,007
400,863 82.208 73.442

24,H7>
23.764
23.30. 10,74-:
83.4*1

T ot.U t qnar i fl7,19t

Jotal of All.

Cloth.

ramAThremi
•00# omittsd. |
|18«fl-»7 1995-98

CH RO N IC LE.

447.452
363.019
434,331

65,969 68,066 1,214.752 1389.433 237.28* 253.652

303,245

321,718

138,465 2.403.123 2.603.460 474.035 40*,45i

008,085

034,907

401,397 66.1-71 70413
389,01" 73.75- 74 017
430,08 i 07,57* 83,011

88.091
90.514
88,289

99,819
95.794
106,089

Total 6 moa. 133.15

April.............. 22.828 23,40
21,756
Mar . .. .
22.73
June.............. i 20,718 ‘23,07 ~

340 872
387.237
354,740

Tot. 8d quar , 66 097 88.840 1,088.845 1,220.470 207.400 233.161

273.497

302.301

Total 9 mo8..|lW9.247 206,206 4,581.968 3,82^,950 682,335 731,913

881,582

037.208

483,983 77,505 92,314
482,139 83,326 01,783
447,002 70,034 83.005

100,958
107,02'
02,532

115,897
114,187
107,397

300.516

337.471

23.57:*
July ................... j 23,15
August.......... 23.701 82.401
September.J 21,508 22,3<'2
Total 4th qr. 08.762

406,900
437.455
372,4 0

KH.279 1.210,76111.413.124 231.701 260,19^

Total year. . 267.900 273.574 4,708,7 9 5,213,074 014.099'

*

1,182,098 1,274,679
9*6
26 090

T

»l h i

exports o f ootton manufactures.......

1,190
25,484

l,2u9,174 1,301,359

[VOL. LXV,

N e w O rleans —(Concluded)—
Total bates,
io nan keste*, per steamer Springfield, 2.0 10— . . . . . . . . . .
2,010
3.272
To Dublin, per steamer Liam >re He id 3,272 ......................
To Hav e, per -teamera Beuridg ,(3,2' 0 ...Ira n , 15 32 i
. 21,525
To Parcel na, p r steamers Cadiz, 2,7 0 .. ..J . Jover Serra,
........................
7,312
1,702 . . . Miguel Gallart, 2,800 ............
To Malaga, per steamer J. J-»ver 8*rra, 1,500 . . . ------ ------1,500
To santandar, per steamer J J ver Serra, 1 0 >o....................
1,000
To Genoa, per stea ne s Abbazia, 1,350 — Cadiz, 5,432 . . .
9.482
Mig el Gallart, 2,700................................ .......... ......... .......
To Corunna, per steamer Cadiz, 8 0 ....... - ..................- .........
600
To r ie«te, p rsteam er A b b -zia ,843 ..................- . . . . . . .
843
G alveston —To Liverpool, per steamers Aldw orth, 5,429 .. .
Cromwell, 7,2 78___Mexican, 7 ,6 2 6 ........................ ................... 20,333
To Maoobester, per steamer Bawtry, 6,801 . . . . . . . . . . . . . . . .
6,801
To Havre, per steamers N* tlierby Hall, 9.000 ...S a v a n ,
8,515 ..........................................
......................................... 17,515
To Hamburg, per steamer Polaria, 600. ............ . . . . . . . . . . .
600
P ensacola - To Bremen, per steamer Acanthus, 6,500
......... 6,500
Savan n ah — To B eium , per steamers W olfsburg, 6,5 75. ..
Worsley H all, 8,954 . . —
................................... ............... 15,529
To Hamburg, per steamer Highlander, 4,400 ............. . . . . .
4 ,4 0 0
To Barcelona, per steamer Bona, 6 , 6 3 0 . . . . . . . . . . . . . . . . . . . . . . .
6,630
To Genoa, per sesame Huron, 6,759 . . . . . . . . . . .
....
6,759
BRUNSWICK -T o iverpool, per steamer John Bright, 5,335 . . .
5,335
C harleston —To Liverpo 1, per steamer Verbena, 4 .4 6 4 ............
4,464
o Bremen, pe •steamer Idar, 11,605 ................................... . 11,605
Wilm in gton —To Liverpool, per steamers Anaoes, 7,8oO ...
Jeanar t. 10, i3L ...M anuingtry, 9,o86
........................ 27.417
To Ghent, per stea i er Corgorm, 4,906 ............ .
........
4,906
N f
<*> Liverpo 1, per steamers Lanoelor, 5,686 . . . .
Pianer’s Point, 7,3 >0........................ ................... ................... 13,016
B >ston
Liveruoel, per steamers Armenian. 6,289
Catalo ia, 893 .. Sagamore, 1,506 ...S y lv an ia , L,58l . . . ___ 10,269
To Yar outb, per steamer Boston. 1 0 0 ............... .............. .
100
To 8t. Pierre, Miq , per bark Le Bousselain, 3 ;......... ............ .
3
Ba l t im o r e - To Liverpool, pnr steamer Templemore, 1.808. . . . 1,808
T Bremen, per oteumera Ellen Rickmers, 2 ,5 9 7 ...M mohen,
2.496 ............................................................................................ 5,093
To Rotter >am, per steamer VenaQgo, 188.................................
188
P h ila d e l ph ia — Co Liverpool, oer steamer Belgeoland, 6 0 J . . . .
600
o Autwe p, per steamer Neterland, 3 0 0 . . . . . . . . . . . ............
300
F rancisco —To Japan, per st^a uer China, 1,250.................
1,250
T acom a —Co Japan, per stea ner Victoria, 7 5 o .................
750

♦1,001,105
The foregoing shows that there has been exported from the
United Kingdom during the twelve months l,2u9,174,000 lbs.
of manufacture! cotton, against 1,301,359,000 lbs. last year, or
a decrease of 92,185,000 lbs.
Total
................... ....................... ................ .................. .............217,112
A further matter of interest is the destination of these
exports, and we have therefore prepared the following
i-Sulow w e a id the clearances t h is week o f vessels carrying
Btate u^nts, snowing the amounts taken by the principal cotton from United States ports, bringing oar data do vn to
C0intrie8 during September and since October 1 in each of th< t h e latest dates:
last three years:

iiLVBsroN —To Liverpool—Oot. 2 2 —Steamers Golden Cross, 5,7 11;
Maria, 5,281; Repston, 7,0 06---- Oot. <13—Steamers ita la , P.299;
Mount Slrron, 9,472; Wakefield, 4, j 79 ...O o t. 2 6 —Steamer Vesta,
/.
To
Havre—Oot. 2 2 - Steamer Boxgrove, 5,729.
Srp'ember.
Oct 1 to Sept 80.
Piece <ioc»(ts—Yards
To B e •en—Oot <,2—Steamer Mariti ue. 8A 2^.
(000s omitted.,
1897.
To H am bu rg-O ot. 2 6 —Steamer Lausnburg, 450.
1806.
1895. 18W0-97. 1895-96. 1891-95
N ew )*La\N8 To Liverpbol—GO'. 23 -Steam er* Astronomer, 4 925;
Basi Indies ............................. 164.581 108.077 160,930 1.9W7.74712.220.860 2.193 078
Nicaraguan, 4 ,7 5 0 ....O ot. 26—Steamer WiCiam Clifte, 4 ,2 4 3 ....
Turkey. Egypt and Africa...
64,814 63,881 60 2*3 815.452 675,306 810.567
Oot. 2 8 —8teamer ram pi can, 7 ,u l2
China and Japan...................... J1,507 62.872 61.894 584 34 4 7 *1.920 545.697
To
Manobeater—Oot 17—Steamer Salop!a, 2,637.
Europe (except T u rk ey )...... 19,777 21.926 22,791 270.479 285.109 267.945
Bouth America .............. ....... 35.937 53.301 00,462 4-2 214 074.735 642.547
To Havre—Oot. *7—Steamer Itnaum, 8,880.
North America ........................ *0.670 24.079 29,256 265.541 202.000
To B rem m —Oet. 23—St amer Methley H all, 7 ,4 5 3 ....O o t. 28—
All other cou n tries................ 26,181 31,901 28,920 384,953 3-7,984 358 8 »1
8 earner Whet-tone, 10,050.
To Ha nburg—Oot. 2 7 —steamer Markomannia, 200.
Total yards.......................... 372,4*10 44 7.002 414.470 4,709,720 5,243.98*) 5,128,808
To
tw d p O t 25 -Sr^ame'’ St-^a'ner Cayo Romano, 1,150.
Total v a l u e ........................ *3.492 £4.310 £3.850 £40,643 £51,078 £40.W09
To Baroel 'n a —Oot 28 8 earner Manila. 2,650.
Yarns— Lbs.
To Genoa—Oot 2 7 —Steamer Chateau Yquem , 3 ,2 5 0 ....O o t. 28—
(000# omitted.)
Ste mer Manila, 3,8 0.
Holland........................................
2.403
2,746
2,390
35,350
33,346
S avannah
o Liverp m>1—Oot. 2 3 —Steamer Strathor l, 11,010 upland
Germany.
.. ......... .
2.012
3,113
3,804
40,512
45,020
aiid
610 Sea Islanb.
Oth. Europe (except Turkey i 3,403
3,211
3.903
14,708
4e 174
To
B
rem
en-Oor
2 3 —Steamers Strathclyde, 9,081 ....O c t . 20—
Bast Indies.................................
■1.112 3,072
4, *78
46,814
49.900
Ste>imur St atha >n, 7.«)50.
China aud Japan ....................
2,787
3.689 • 2,: 03
30,194
2*5,56?
27,837
Turney and Egypt................
2,513
2.OJ0
To Reval—O t. 2 * Steamer Wil iam B IK 7,125.
27,131
1,838
21.284
All otner countries... ............
1,*83
1.605
1,535
u .* n
16,832
r<» Go he burg—Oot. 2 6 - 8 earner Sheer .ess, 4.050.
17.419
To Barcelona Out 2 J—Steamer Forndene, 6,740.
Total lbs .............................. 19,00* 20,427 20,285 242 123 247.008
o Genoa—Oct. 28—Steau er Manuka. 4.50 ).
T' tal value..........................
r7;9
Jt8<l
£701
*0.737
19.940
£9.246
Br o n sw io r - I ’o L iverp ool-O ct. 17— »Cea*uer St. Fillans, 5,350.
:h •.kleston — To Liverpool—Oot. 27—Steamer Eastry , 5,003 UDland
M a n c h e s t e r M a r k e t .— Our report received b y cable
and 50 Sea Inland.
to- ught ruin Manchester states that the market is easv fo
To Bremen—Oct. 28 Steamer Glenmorven, 7 7 >0
both varns and snirf.ings. The demand for both home trad 8 Port Ro y a l Co Liverpool -O u t. 22 -Steamer Werneth H ail, 8,935.
To B rem en -O ct y7 -Steam er A derley. 8.00 >.
and foreign m i kets is poor. We give the prices f ,r to-day
ilmington — To Liverpool—Oct 25 -S tea oe- Magdala. 11,242.
below an leaw tho e for previous weeks of this a n d last W
No rfo lk Co Liverp -ol—Oot. 29—Steamer W ildeio o ft, 3,633.
year for comparison.
o B lfast Oot 26—Steamer Indralema, i, 100.
New po r t News - Co L iverp ool-O ot. 2 5 -S te a ner Kanawha, 1.099.
1 897
B
oston
n Liverp o —Oct. 2 1 -s te a m e r N • seiu ta 3, »94 ...0 o t . 22—
1896,
Steame' Gallia. 436 . . . Oot. 26—Steamers Oamoroman, 895;
Lances'
rian. 400.
8*4 lbs. Shirt \OotVn
8 *4 tbs. Shirt­ Oott’ r
3 2 t Qop.
ings, com m on Mid. 32* Oop. ings, common Mid
To Hull—Oot. 25 Steamer Ohioag>, 1,237.
Twist.
Twist.
to fin es t,
j Uplds
B
altim
ore
ro Bremen—Oct. 2 S -8 tea m er Bonn. 3,350.
to .finest.
Upld.
o Rotterdam Oot. 2 2 -S team er Delano, 294
d.
7 7 B. d e. <L
d.
d.
d.
P
iul
dklphia
ro Liverpool—Oot. 2 2 -S team er Pennland, 752.
8. d.
s (1. ' d~~
8p. 24 63,6 9 7 ^ 4 1 9 6 7>s 331,2
7t713,6
M 6^8P H
„ 4 ^97 2
4 U lfl S eattle To Japan—Oot. 23—Steamer Kiashiu M tru, 3,150.
Oct. 1 6 1 ,* * 7 * 6 4 I 9 6 7>« 337:i2 6l3lft^73i 4 7
7 9 7 x Lj 4H l0
B e lo w we give a ll news received t o date o f d is a s te r s t o
*' 8 0*8 9 7 4 # 4
|4 6 0>7 0
8
4^
15 6 % »78lf 4 1 4 li» 6 9
v esse ls carrying cotton from United States p o r ts , &c.:
3^ *:,2 6 38 9 7Lj 14 5L j*6 11
47 n
*
7
a
,.
1 m* *6 9
22 6>e
3**Vi 6
97*% 4 5 rfG 101a 415 0
„
,i
,
i ,
V
.
'
U ID IU D U .
U liO
'V
u n u u VO
29 61,,
4 1 06
H5g *7L, 4 5 * 6 10‘s 4 1 7 ;
8
on Oot.. i6 in hold No 2 f *dDamdi p tdar.
h e v e * s d ha l b^ei
o e r«1 with 11,605 bales o f upland c >tton for Brem m.
'he fir<
Shipping News . —The exports of cotton from the United
sv a o m doed to one o > opart ueut o intam ing only 2.0 >> bales.
P
o
l
a
r
ia
tname
(
4er
),
from
G
ilv
ston,
Oot.
IS,
f
>r
H
mb
irg,
wltl
States the oast week, as ner latest mail returns, have reached
bo •bales of cotton aud other cargo, str tude 1 off lape deary, Va.
^17,112 hales. 8 0 far as the Southern ports are concerned theee
on Oot. 2h She lav ab rnt 700 yar*ls out from the an re. Tt i
are the same exports reported by telegraph and published in
thought she is leaklntr. I he ship w »s.floated on Thursday nigh
and Wda towed to Norfolk. E xtent o f damage not yet known.
t h e GhroniOLE last Friday.
With regard to New York vet
Inolu ie the aamf *sts of all vessels cleared up to Thursday
otton freights at N e w Y o r k the past week have bet n
as f o l l o w .
N e w Y o rk —T o Liverpool, per steamer Georjdo, 7,540 aplaSi?*
and 90 80a Is la n d .................
......
7
T Bull usr st«Hm t M irt-Bln 1 , 3 4 0 . .............
Satur.
Mon
K oJTues.
Wednes. T/mre.
Fri.
Too bindon. p r gte*m«r Alex tndr*. 1.2 «u“
................
i'?io Llveriiool.ask6d.il.
T o M *mhe*rer. per steamer firrick , 30 >.......... .................
»».4
9"«
9 4.
964
300
Havre________
35t
351
35t
35t
351
35t
8.“ 7s'l»..L r. " v « “ “ r5 „ o .' ° “ ° OKue> tii8 Ul> (*nd and*209
Bremen. ...........
35t
351
1,387
351
351
351
35t
To p H.kirk per steamers Orar«earn,’ "2 5 o .” .LianthooV
H a m b u rg ......... .d.
301
Abney, o i l . . . .
“
301
301
30t
301
3 Of
793
Amsterdam.......
351
351
T'k Ben“ l " ' - J p ^ - n - s - K a U i r W f i K i l m O er'oroM e, 580
351
351
35t
35t
Reval, v. Hamb .d.
501
50i
501
50+
501
50t
T ’l fI.inherit e r.tea m er Pennsylvania, 1,368
"""
,2,566
..
n o v. H u ll.. .d.
48t
481
To Aiu-ler l m. ner teamer Werkeidain, 200.. I..............
non
481
481
481
48t
R otterda m ....... d.
351
351
35t
land'"” 1’ P,,r 8,0*m- 8 8t- Cuthh rc. 149...'. We iterV351
35t
35t
G en oa ................ .d.
40t
40t
401
40t
40t
40t
To O penhanen oer steamer Aragont'a, L 2 7 ''........................ l 522
frleste................
7Sfl
loGen.ia i«-r 9i«uaso H s ■« ia. 200....Wfrra, 302........
733
73S
7S2
7S2
733
T o N a p le s , p e r s t e a m e r W e r r a . 7 1 1
............
i ” 1
Antwerp............
11 4'a310 1164'®316 1164'®S16 l i 64'®:i16 ll(i4®318 11.
@7sa
®732 l% i ^73 ,i3 ^ 7 0 1
»h en t,v .A n tw ’p.<2.
" Palentlno, 8 3 7L(5Verp0°1- " 6r "teamer. Dariin. i'.Sds".::
13(j« 9 ? ^
.........................................................................
7,873
■ XPORTH

’•lifiOH O >Of>8 AND TVRNS TO PRINCIPAL COUNTRIES HI
SEPTEMBER AND FROM OCTOBER 1 TO SEPTEMBER 3 0 .

THE CHRONICLE.

UeroBEB 80, 1897.j

L iv e r p o o l . —By ca b le fr o m L iv e r p o o l w e h a v e th e fo llo w in g sta te m e n t o f th e w e e k 's sales, s to ck s . See., at th a t port.
Oct. 8.
Sales o f the week...........bale®.
O f w h leh exporters t o o k ...
O f w hich speculators tookSales A m e rica n .................. ..
A ctual e x p o rt...........................
F orw arded.................................
Total stock -E stim ated..........
Of which A m erican—Estm’d
Total Import o f the week- .. .
Of which A m erican .. . . . . . . .
Amount a float............. ............
Of * hndj \ttterfaan..............

Oct. 22.

Oct. 15.

07,000
4,100
900
60,000
4,000
55,000
281,000
202,000
20.000
13,000
171.O0O
170.0001

fl-,000
1,900
1,400
60,000
3,000
61.000
261,000
182,000
41,000
37,000
286,000
2S5.000

58,000
3,600
300
52,000
3,000
61.000
288.000
210,000
93,000
86,000
291,000
290,000!

Oct. 29,
56,000
2,500
300
49,000
4,000
68,000
354,000
272,000
138,000
117.000
376,000
325,000

833

business^ was fairly active at steady prices. The sales in­
cluded No. 1 hard Manitoba and No. 1 Northern Duluth, but
the terms of the sales were kept private.
DAILY CLOSING PRICES OP
Sat.
O ctober delivery........ -C. 977S
N ovem ber d eliv e ry ,.. . . c . 975s
Decem ber d eliv e ry . . . ..c. 97%
January delivery. ... .-0 .
....
Mar delivery...............
95%

HO. 2 RED WINTER WHEAT.
Mon. Tries.
Wed. Thurs.
97 H
97%
99*2
98%
97
98%
99*a
97%
96%
97%
98% 100
97%
93% 100
94 “a
93%
93%
96%

Fri.
99
99
99%
99%
95^

The speculative interest shown in the market for Indian
corn futures has been small. Monday there was a sharp
break in prices of l @ l ‘i'c. nnder increased pressure to sell,
prompted by the free movement of the crop and a large in­
crease in the visible supply. Later in the week, however, a
falling
off in the crop movement and a more active export
The tone of the Liverpool market for spots and futures
each day of t h ;' weak ea ting Oct. 29 and the daily closing demand, together with sympathy with the rise in wheat
values, induced buying, prices advanced, recovering all of
prices ot spot cotton, hiva boon as follows.
the early loss. To-day there was a quiet market and the
close showed prices fractionally lower in sympathy with the
Spot.
Sufday. Monday. Tuesday. Wed'day. Thursd'y Friday.
decline in wheat. The spot market has been moderately ac­
Fair
In buyer*' tive. To-day the market was active as exporters were free
Marker, > Irregular. Easier. la buyers'
null.
business
favor.
favor.
1:45 p. M .,
doing.
buyers. The sales included No. 2 mixed at 33J£ to 38%e.
J
f.o’.b. afloat for spot to last half of January delivered.
3ie3J
M id. Upl’ds.
815,3
3» i

7.000
*00

Sale*___. . . .
Spec. & exp.

317*3

3*%s

316W

12,000
500

10,000
500

8.000
500

12,000
1.000

DAILY CLOSING PRICES OF NO.
Sat
Mon.
------c. 30.%
29%
. F...C. 31%
30%
35%
34%

10,000
500

Futures.
at Steady al Quiet at Stuart <r at Steady at Steady at
Market, ( steady
$-M det- l-m <*■2 64 partially
i-*l ad­
1-04 ad­
1:45 P. M. (
vance.
vance.
decline. b U dec. ISSK
cttix#.

2 MIXED CORN.
Wed. Thurs.
Tues.
<29%
30%
30%
307a
31%
30%
34%
34%
35%

Fri.
30%
31%
35%

Oats for future delivery have been dull. At the opening
of the week the tone of the market was easier, in sympathy
with the decline in other grains and a falling off in the export
irregular.
Quiet.
Bsej.
QoieL
demand. Subsequently prices advanced, following the rise
in
com and in response to stronger Western advices, where
The prices o f futures at Liverpool for each day are given
below. Prices are on th • basis o f Uplands, Low Middling shorts were buying to cover contracts. To day the market
was firmer on baying b y shorts to cover contracts. The spot
obtuse, unless otherwise stated.
VST ffo* price* # r* gimm in pence and 04th*. Thus : 3 03 rnm na market, has been active, as exporters have been large buyers.
The close was quiet. The sales included No. 3 mixed at
3 03*04*$,. and 4 41 mean# 4 1*844.
2-S!4' c. in elevator and No. 3 white at 2M4«28>£c. in elevator.
M arket, \
4. F, Ms $

Oct. 23 to
Ott. 29

Barely

s»t.

XI <011.

T n o,

W ed.

T h n r«.

F r i.

1%H 1 1:45 4 1:45 4 . 1:45 4 1:45) 4 1:45 4
'■F.» .: F. M. P. M. V. M. I*. M„ P.M F. X. F. M. p. m . y. m. p .M .r.w .

d i d.
d f d
d.
d • d.
tl
d.
d.
1 d.
d.
O ctober. .. 3 St* 1 27 3 26 3 25 3 85 %84 3 "S' 3 20 3 20 S 21 3 21 3 24
O e t -N o v .. . ,i 22 3 2! I 21 3 20 3 19 3 1* 3 20 3 20 3 1013 IS 3 18 3 18
N ov.-Dao .. .. 3 19 3 S» 3 (ft 3 l*s3 17 3 16 3 13 3 1* 3 17 3 16 3 17 3 16
II.M3. JfH! . ..'.8 1» 3 19 3 Hi 3 is 3 17 3 16 3 17 3 18 3 1 7 3 13 3 1 6 3 15
J a n .F e b . . . 3 20 3 10 3 H» 3 1 - 3 1 7 3 1 6 3 (7 3 1“ i 17 S 15 3 16 3 15
3 20 3 19 3 19 3 19 3 15 3 17 3 1* 3 18 3 17 3 10:3 H 3 IS
Feh.-Moh.
M ob.-April 3 20 » 20 ' 20 3 lit 3 19 3 17 3 Is 3 HI 3 18 3 17 3 17 3 17
AprilM »jr. 3 21 3 21 3 21 3 20 3 10 3 1* 3 20 1 20 3 19:3 15 3 l - 3 18
M ay-June. ... 22 3 22 3 22 3 21 3 20 3 19 3 21 3 21 3 20 3 10 3 19 3 19
Jaae-July. 3 23.3 23 3 23 3 22 3 21 3 20 3 22 3 22 3 21 3 19 3 20 3 2o
Ju ly-A uk . 3 21 3 21 3 21 3 23.3 22-3 21 3 23 3 23 3 22 3 20 3 21 3 2 1
A ag.-Sept.

i

B R E A D S T U F F S ,
F r id a y ,

October 29. 1397.

A decided tnm for the better ha* occurred in the market
for wheat flour. The volume of business transacted has been
fairly large, as there has been a moderate export demand and
the home trade has been a better buyer, although the pur­
chases made have generally been of small lots. Reflecting
the advance in wheat values, sellers have held for higher
prices, and the sales made have been at increased cost. City
mills have had a moderate sale at firm values. Rye flour
has had a slightly belter sale find prices have held steady.
Buckwheat flour has sold slowly and prices weakened slightly
early in the week. Corn meal has had only a limited call but
values have held to a steady basis.
Speculation in the market for wheat futures has been
fairly active and the tendency o f prices has been towards a
higher basis, a faitly sharp advance having occurred in
values. The improvement has been based on stronger foreign
advices together with a decreasing crop movement from the
Northwest, which stimulated buying by .shorts to cover con­
tracts. Saturday the market was quiet and without change
of importance Monday there was an easier market, prices
showing a loss f ir tae day of -% <(ri4'e. un der realizing sales
prompted by disappointing foreign advices. Tuesday the
market turned firmer and the close showed prices fraction­
ally higher for the day, principally on a demand from
shorts to cover contracts, stimulated by' a falling off
in the crop movement in the Northwest. Wednesday the
market was 8 'u and higher, prices for the day being up 1%
rtfiJic, The advance was based on stronger foreign advices,
a good export demand and the fulling off in the receipts at
the Northwest, which induetd baying for investment ac
count, Thursday there was an easier market at the opening,
the result of disappointing foreign advices. Subsequently,
however, on the receipt of unfavorable crop reports from
Australia the market turned stronger, and at the close prices
were
Iric. up for the day. To-day the market was higher
during early change, in response to stronger foreign advices.
Subsequently there wai a reaction under realizing sales, and
the close showed prices
lower for the day. The spot
market has been firm, with' exporters fair buyers. To-day

DAILY CLOSING PRICES OF NO. 2 MIXED OATS.

Sal.
October delivery............. e. 2 3 U
D ecem ber delivery........ o. 23%

Mon.
22%
23%

Tuts.
22%
23%

Wed. Thurs.
2 3 >a 23%
23% 237a

F ri.
24%
24%

Rye has been in good demand for export and firmer.
lev has been quiet but steady.
The following are closing quotations:

Bar-

FLOOR.
F in e ......................... #2 90 » 3 10
Patent, W inter.......$4 80 8 5 10
Superfine.................. 3 >0 ® 3 35
City nulla, e x t r a s ........... 2 5 50
Eye flour, superfine 2 90 *33 55
Extra, No. 2 .......... 3 50 2 3 70
Buokwheat
flo u r ... 1 4 0 ® 1 50
Extra. No. X ........... 3 SO ® 1 15
C lears....................... 4 15 3 4 50
Corn meal—
Straight*.................. 4 50 8 5 00
W estern, eto......... 1 7 5 * 1 9 0
1 95
Patent, Spring....... 5 05 3 5 40
Brandywine .
[Wheat flour in naoke sella at prloee below those for barrels.)
W h ea tBprtne. per busk..
Red WlDtor, No. 2.
Red W inter............
Northern, So. 1 , .
Oats—M ix’d,per bah.
W h it e ,..................
No. 2 m ixed ..........
No. 2 w h ite............

a.
96 3
101% *
95 •»
100% ®
24 ®
25% 3
24 % »
26% 3

Horn, per busk—
o.
o.
o.
Western m ixed ............30 ®33
105
No, 2 m ixed .................30%®32%e
103%
Western Y ellow .......... 32 Hi34
104
W estern W hite............32 a 34
101%
R ye25
W estern, per h u sh __ 51
®54
32
State and Jersey ....... 50
354
25%
®55
27% B arley—W e s te r n ......... 50
FaedlKK................. ...... 35 ® 37

The movement of bread-stuffs to market as indicated in th®'
statements below is prepared by'us from the figures of th®
New York Produce Exchange. The receipts at Western lake
and river ports for the week ending Oct. 28, and since Aug.
I, for each of the last three years, have been as follows :
Receipt, a t -

Flour.

Wheat.

Com .

Oats.

Barley.

Bye.

B M e .m ib t Bttth.MUn BushMlbs Bmh.zms BushABlba Bu 56 lbs.
3,268,150
2,147,935
585,710
103,850
60,378
799,847
C h t t a e o .......
45,985
225,000
367,200
197,800
43,051288.887
M ilw aukee
201,881
2ft,C97
102,541
17.585
115,105
1,636.584
D ulath . . . . . .
404,210
360,230
M inneapolis•i,3GS 2,964,730
34,000
22.986
120,000
39,947
28,655
63,564
54,810
132,637
D e t r o it . . . . . .
6,050
95,688
180,094
21,531
C le v e la n d . . .
14.191
76.000
821,705
303,600
7.7 IS
247,021
St. T o o ls . ..
87,370
44,800
3,000
1 5 8 /5 0
3.4^0
446,400
P e o r ia . . . . . . .
4 350
70,000
556,000
172,4C0
K ansas City.
T o t.w k .’97.
Sam e w k .’90.
Sam e w k .'95.
Since Aug. 1.
1897 .. .. ..
1896.. . . . . . . . .
1895 . . . . . . . . .

6,789,139
7,368,fc2 l
8,185,613

291,626
363,520
303.025
2.129,646
8,622.652

6,894,729
5.260,88*
1,941.669

8,495,632
5,843,811
3,448,801

],303,220
2,476,800
1,004,529

252.511
361,147
143,041

82,919,309 76,004,729 58,312,315 10.850,067 4,063,954
70,816.908 46,785,893 55,426,832 30.989,101 2,676,997
80,546.148 30,091,489 44,249,383 11,766,240 1,105,742

The receiots- of flour and grain at the seaboard ports for th e
week ended Oct. 2-3, 1897, follows :
R e ceip t* a t —

F lo u r ,

iV h e o , t

b b le.

b o th ,

York................ 1M.7SS 1.6W.1IS
Bouton.................... «4,7H8
719.824
Montreal................ 72 331 sio.nio
Philadelphia..........
313,927
B altim ore.,.......... 97.833 MO.nbs
Richmond... ...........
1,9 0
N.O
Hew OrieaOB*.........
7.051
4H.80I
Newport News.......
580 150,000
Norfolk .................. .
40,000
Charleston.............
1.1*9
4
Galveston............................
301.400
NOW

Com,

Oats,

Barley,

bu sh .

bu sh .

b u sh .

848.150 1J76.800 180.825
2<f>,2'0
V88,091
1,600
8‘J,885
104.800
348,4 71
175,033
18,400
2X5.538
108,080
.........
10,310
28.174 ..........
25,596
41,080 ..........
83,741
202,700 ..........
220,990
.........................
’ *V
* ft afin

168,« 0
119,498
' 74,461

Total weak...... 520,782 4,628.081 2,q«0.1U 2*83,008 200,825
303.154
’540,010 2,182,827 2,321,398 1,928.513 597,413
239,09 6
1896....... .
* ffeoelpts (Jo riot Include strain passing thrmuh New Orleans for foreign
ports on through bills of lading.
Wor-M

THE CHRONICLE.

834

I'VOL. L X V .

T o ta l r e c e ip t s at p o rts from Jan, 1 to Oct, 23 oompare as packages, valued at ,$180,658, their destination being to the
points specified in the tables below :
follows f o r fo u r y e a r s :
189*.
1895.
18E»8.
1896.
mcrtp
1897.
ifi,;wa,8io
13,005,151
8,810,024
__ bbln. 20,753,127
Hour..
Ne w T o e s to O ot . 25.
47,380,837
85,013.370
30.578,717
3,812,133
339,438

32.589,.327
IQ-782.,045
34.400,,367
2,t5», 70S

.
78.816,08a
57,240,050
6.503,305
4,391,936

.,, besli, t0.O7.%18l
Wheat.
... ’• 15S>.v87.9a5
•Cora...
"
7,<,V17,015
Oat-d
**
0,810.470
Barley,
"! M
N4ML002
Rye.:..
Total grata..,, “ 320,S<9.609

838,

122,772,833

110,337,8

196,861,914

The-exports from the several seaooard ports for he week
ending Oct. 33, 1897. are shown In the annexed statement:
P a r le y
P ecs,
o a t*
Corn,
flow .
W h e a t,
AV*.
t *<$', .
huah.
b u sh
hm W
bu sh
h b ls.
70.209
32.853
1.120
47.033
61.388
12,923

219,103
1.110

067.843
431,890
40.* 00
340.515
881,434
355,200
40,0 0
Norfolk..... .
150.000
Montreal ...... 571.874
Galveston — 344.000

93.485
855.1*00
380.980
22 1.900
83*741
85.09 2

.493,775 1.420,0*1
Sametime’OO 1.‘441,104 2.99.5.2^0

“ *500
4 >,415

705.170
113,892

4 4,392
180, US
1,130
202.700
82,28'

208.7-)0 1 361.723
24 1*492 798,7:51

18,948

15,486

—«

’5%429

........

W eek
O ct, 23
bbte.

S in e * S e p t.

1,1897.
bh is

208,249
34,845

239,938
Total . .
From F ew Enyland m iD n oin ts d ire c t

8.609

243,094

68.428
158.238

65,175
170.417

123,815

r n . ---- — *
S in c e S e p t ,

bu sh .

1.1897.

bu sh .

569,353 13.368,025
206,240 1.175,402 2.518.820 14.708,195
816.413 10,803,423
8,29(5
297.717 862,'-63 13.290, iy
75,194
3,647
100,268
567,0 iO
188 631
10,974
20.798
295,* 60
18.689
142,386
62,079
930
3,2o8 . 29 808
Brit. NT. A. Coi’s.
23,641
480
52,799
55,223
10,724
Other countries.. 21,328
268,780 1.881.22? 3.492,776 28,624,205 1.420,621 24,217,622
21,]
72,432
24t,492 1.983.480 1241.194 13,887.780 2,906.289
Total 1896....

The visible supply of grain, comprising the stocks in
granary at the principal points of accumulation at lake and
seaboard ports, Oct. 23,1897, was as follows
W h e a t,
b u sh .

1,320.00*'
£8,000
Buffalo .. • . . .......... 939,000
Do
afloat.....
3,281.000
Ohloaeo .. ;
Milwaukee................ 181.0OC
Do
afloat.....
3,0.94,000
Doiatfe......... ..
Do
afloat.......
287.000
Toleco.....................
Do
afloat........
285,000
E>etrolt.............
Do afloat.......
11,000
Oswego.......... .
.
1.474,'^’
gt Louis.. ..........
130 000
Do afloat........
dnotnnati...............
8.000
Boston. .. ................ 857,000
52.00C
Toronto.............
Montreal. __ _ —
896.000
Philadelphia............. 92».0OC
3.000
Peoria.
.....—
193,000
Indianapolis ...........
Kansas City............. 2.O3S.0C0
Baltimore. . . . . . . . 1.270,000
Minneapolis........— 5,142,000
On Mississippi Biver.
On Lakes..... ....... 2.051,000
481,000
On canal and river..
Total Oct. 23.1807.24.029,000
TotaJ Oct. 16,1697 23,9*3,000
Total Oct. 24, 1890 67,2*5 000
Total Oct* 20, 1095 5M86.0GO
Total Oct. 27. 1894 78,190,000

T HE

DRY

10.485.00"
6^,000
' 5,000
1,142,000

bush
3,979.000
89,000
75,006
521,000

R ye.
bush,
367,000
9,nno
5,000
139,000

B a r ie v
bu sh .

20.891,000

■2,968,000

785,000

511,000

393,CCM)

26.000

52,000

133,000

600,000

206,000

690,000

8.20,000

484,000

440,000

88,000

20.000

32,000

50,000

195,000
1,285,000

658,000

8,000
251,00u

C o rn ,
b u sh

5,000
981.O0O

O a ts

15.000
1,840,000
341.000
189,000
244,000
670,000
856,000

8,000
35,000
4.000
310,000
123,000
109,000
29,000
77,000
284,000
2.988,000

3,739,6r 0
740.000

1,807.000
650,000

44 772 000 15,*08,000
40.498,000 11,881,000
17,85'4.000 10,901,000
4.805.000
4.458.000 •
2.759.000
9.224.000

GOODS

7,000
71,000
i,o'od
33.000
207,000
108 000
223,000
207,060'
3,251 000
8.100,000

2.505.000
1,000.000
435 000

2,752
432
217
24
221
1,390
34
8,609

' ii.eoo

.W eek
O ct. 23

6

223,772
16,166

49.689

W eek
S in c e S e p t ,
O ct. 23.
l, 1897.
b u sh .
bu sh .

3,200
2,155
87,213
4,548
28,262
15,253
10,678
2,351
7,983
43,105
3,501

38
3,495

ra ta l................... ..........
China, v ia V an cou ver*..

20,430

r------- j&Jottr.-— ---- . ,--------W h e a t . -------- a

Week. ffinceJan 1.

........

The destination of tnes© exports for the week and since
September 1, 1896, is as below
E x p o r ts fo r

Week. Since Jan, 1.

3reat B ritain....... ............
Itlier E urop ean_____ . . . . .
jhtna ...................... ..
India................................... .
Arabia............................... —
A frica........................ ........ .
West I n d i e s . . . . . . . . . . . . . ™ ,
M exico.....................
....
Oentral A m erica....... ...........
South A m erica____ . . . . . . . .
Otner C ountries__________

199.000
61,000
732.000

The value of the New York exports for the year to date
has be«n $3,744,117 iu 1897 against $9,180,250 in 1898,
For brown cottons of all kinds the demand has ruled quite
slo w on the part of the general trade, and there have been
few bids for quantities noted from any quarter. Sellers are
easy to deal with and in all weights prices favor buyers, and
are frequently quite five per cent down from recent top
range on business done. Coarse colored cottons also are
tending towards the buyer, as with a limited demand in all
lines for immediate requirements the desire to move stocks
becomes more apparent. Bleached cottons have been in­
active throughout and irregular in price, particularly in the
lower grades directly under print cloth influences. Wide
sheetings, cotton flannels and blankets and quilts are all dull
and unchanged. Kid-finished cambrics inactive and easy
to buy. Prints of all seasonable descriptions have been slow
sellers and easy, and staple and dark ginghams dull. A fair
demand for fine printed and woven patterned lines for spring
is reported. Print cloths have been in limited demand but
steady on the basis of 2%c. for extras.
1896.
Oct. 24.
392,000
875,000
905,000

1897,
Stock o f P rin t OLotfis—
Oct. 23
A.t P rovid ence, 64 squ ares. 392,000
i t Pall River* 64 sq u a re?.. 538.000
636,000
i t Fall R iver, odd sizes—

1895,
Oct. 20
80,OOd
21,0u0
59,000

1894.
Oct. 27.
21,0 O
20,0. 0
89,000

160,000 130,000
564.000 2.172,000
Mmii stookr
F o r e ig n D r y G o o d s . —This division of the market has shown

13,000
28,000
9,000

indifferent results this week. The demand for seasonable
lines has been slow and the market is irregular. Business for
51,00{ spring has lacked animation in all divisions; dress goods,
15.000 linens, hosiery and underwear have all been quiet, with the
24,00. demaud ror silks, r bbons and laces moderate.
3,000

Im iiiin iitlA K iia n id W a r e h o u s e

W ith d r a w a ls o fO r r lJ n o d s

The importations and warehouse withdrawals of dry goods
at this port for the week ending Oct. 28, 1897, and since
17,000 January t. 1897, and for the corresponding periods of last
088.00c year are as follows :
370,(»"

H

3,072.f0i
3,407,‘ <0
4.410.000
K.O30.0CO
3.509.000

T RA DE .

P. M., Oct. 39, 1897.
The market during the past week has failed to disclose
any sign of improving demand for seasonable merchandise
and has been rather quieter for spring specialties. Its course
is unquestionably disappointing and the fact that the primary
pauses thereof can be clearly picked out doss not lessen tha^
disappointment.
Yellow fever still cramps Southern action
and warmer weather than is seasonable has a like effect on the
action of buyers in other parts of the country. The tone
of the cotton goods division of the market is exceedingly
dull and prices are in favor of buyers. Sellers are not m at
ing lower quotations openly, but they can in few instances
only resist the sagging tendency, and much irregularity
exists in both plain and fancy goods, Woolen goods continue
firm despite quieter business aud an easier wool market.
Both the jobbing and retail trades report quite an indifferent
week. Collections generally satisfactory.
W o o l e n G o o d s . —There has been no break in the previ
ously existing quietude oE the market for men's-wear woolen
and worsted fabrics for spring. A few buyers have been
placing small orders, but nothing in shape of a general de
man.l even for limited quantities has been apparent. Buyers
are evidently well enough supplied to rest content for a
while just »s many sellers have sold all they care to commit
themselves to. The tone of the market continues firm, and
some sellers are_ “ talking” higher prices for new heavy­
weights which will be on the market to some extent before
long. Overcoatings aud cloakings have ruled dull, weather
Utnnsncea being against them but prices are unchanged.
F la n n e ls and blankets also dull and unchanged. Brass
goo s, although in t'a'r request, are quieter than for some
weeks past, but still firm in tone.
D omestic C otton G oods .—The exports of cotton goods
from this port for the week ending Oct. 35 were 1,395

S

85

!£ (? !§ !
2? | iS f?
Q© * §o « « :; ; 3h
P2 pi i » » « ©
! ! 1; o
*§1
d•
s••: T

N e w Y o r k , F r id a y ,

CO
©

MtO M
tfAto <1 O'
OiCO-dHO

<JO

tour

© m © © cd
CO
O l S3 CO
t o -sj O l t o CO

M

M tO

<jCDHHW
CD <1 COCO ©

O COM
Cl <55i
to I coco
©
CO

©CO
ifACD

CD CD <1 O t CO

M—© ’J*>-t
© tSO© M©

MW
to tfxOO j C0©Mpi**3
© cnif* 1 CO©to <1-3

00D ]

©o» -aooMGo©
opto } m -.3coco©

o
«r+
—
&
&
H
W
©
ef
©
P*

I s F
g |
g g,
a “
0 ^ '
■ ss

*.
Oi
©
M

CO
C5©
QOl

©
to
CO

© to
©CD

©
05

<3©
to ©

©
Or

to
a t)
to o t
M ©
<1 —

CO
OI
H
—
to
©
K>
©
©
, to
©
o»

s H

l f l
p

r i

S i

i

i

!

g

8 :
:

:
i

:
:

i
;

8
e

1 5 i

:

7

:

O lM
M
Q0
CD COCO tO H

COto to CO M
© M © v i< t
c o © b i 'J ©
M© © © ©
© C n O tQ O ©

M—
M id.
COCJt-^-0©
U -t o ’© © ©
cot—‘ CO-q 00
W < J© C D < 1

© to
© to
t o w n s .©
coco
© b io o * .©
©CO
CO M CD © ©
lr*-CD I t O O l M © ©
© — © C JI© ,
tOM
MfDCO — cn
Ol M
O W © < l< I

CD©
CD M

— to — w M
© C 0< lC B VO
I—‘ ©© CO rfs.

ilo
!©
j©
1CO
Of
CO
M
o
—
CO
<1
CJ*
to

OOtfx
00©
1*A“Jl
© *©
© ©
OW

CO its. CO © OI
© © 0<l M
© sio c o io
O CD -Ji M t*»
© N ©
i—

©
—

M tO
M©
MCO
© to

•“a o ® t;2.o S
■ “ RwftgS

-•§rs
r
? si
o ■ 11 p
i

P S

i ] %
S
* *t ©
V-k.

I

CO
©
©

to
©
©
to
©
©
to
f~*
M

©CD©CDCO
w o o to to
© © CD © Oi
m m jm —
© CO to GO W

V lo w b ia o
to CO ^ CO -O
CB M to to to
©M
to —
—w
CO
© w
© ot

© coco
o o ©
— to ©
© © M
CO© M

f*

§
50

CO
CD© © M ©
C3 : tO © GO

8*. CO—©CD©
to cooiV com
!*=•
CD 3D t O W CD
CJt ©6OMCBQ0
tO M © © C O

wto<i<i<3

M
CD £»
coo

rfS-OT

©
© M©O©C0
01©
©OK)**.—
©CO CD © <33 © ©

©, ©

-* . to GO !

© j ©03

H

'-'C O

©CO<JOD<3
^ | dtl*A j O3HWC0M
©>-‘00©co
© I MOM Q i tO M © GO

© ! <no |

to
MM
— JO COM ©
M I MbO ; fcOMCO00CO

MI ©-so OOOSUMOttx
;’jo , rfxCO tOptM*.©

© i %}”’D I bo*© ’**,b n ©
M CB tO
-vl
<3WO © TF

GO
©
©
Oi

©
tooo
© #k
b* —
© 00

w co
—

—M
M tO M
M OO M
tfi*.© to
cn coW

M—tO—M
0»©t0©*fc
© or <|<3CD®

©
—©*©*©
<3©M W©
<3m C0©O

— CO
00 CO
© bt
o«©
M©

M tO CO rf*. CD
to tob t"T s©
CD tOCO CO-tf*.
**- N3 © tO OI
m tn ifk © ©
M o © to o i
© © M

—©Os MOO
—UlbaODbO
MO© &
—^3- © MtO

»tjV u a

MCOCO© CO
—00to tOCO

» •4
© “

TH

October 30, I897j

CHRONICLE.

S tats and C ity D E fjW M trr.
terms

of

subscription,

The I n v e s t o r s ’ S u p p le m e n t w ill be fu rn is h e d without
charge t o e v e ry a n n u a l s u b s c r ib e r o f th e C o m m e r c ia l

extra
an d

Fin a n c ia l C h r o n ic l e .

The St a t e a n d C i t y S u p p le m e n t w ill also b e fu rn is h e d
with* u ‘ extra charge t o e v e ry subscriber o f th e C h r o n ic l e .
T h e S t r e e t R a i l w a y S u p p l e m e n t w ill-lik e w is e be fur­
nished without extra charge to e v e ry s u b s crib e r o f the
C h r o n ic l e .
The Q u o t a t io n S u p p l e m e n t , issued m o n th ly , w ill also be
fu rn ish e d *rithout extra charge to e v e r y s u b s crib e r o f the
C h r o n ic l e .
TERMS f o r

the C h r o n i c l e with the four Supplements
above named are Ten Dollars within the United States and
Twelve Dollars in Europe, which in both cases includes
postage.
_______
Terms o f Advertising—( Per inch spare.}
One ti n e . . ......... ...................S3 50 IThree -Months <13 unrest .93500

One Mouth
t'4tim es).. I I 00 Six months
12*1 m i . , 43 00
Two Months
<8 tim es).. 18 00 I Tw elve Months <53 lim es). 58 00
The <*!n>v>» terms for one month M l upwards are for .swudtn* cards.

Cincinnati. Ohio.—Bond fasur /.- i U. On October 21,
1897, Judge Wright held that the petition o f Franklin Alter,
to enjoin the issue of $28 >,000 water (Kinds by the Water
Works Commission, did not stale facts sufficient to constitute
a cause of action, and therefore the demurrer made by the
Board of Commissioners was sustained. Judge Wright
had (nil power
,stated
, that
. , ,rlM Commissioners
„
_
, , to issue the

835

the application for a receiver made by certain property
i wners who claimed “ insolvency, mismanagement and
fraud.’’ The Caancellor in delivering his opinion said that
the original bill did not allege sufficient grounds or cause for
the appo utmeat of a receiver. It did not show that the
rauoieipalitv was suffering any wrong or injury by the con­
duct of the Commissioners, It failed to prove that the Com­
missioners had misappropriated any funds, while on the other
hand it was shown that the town was out of debt and carried
a balance of over $600 in the hanks. The defendants have
filed a demurrer to the bill asking the Court to dismiss it
altogether.
Pittsburg, Pa.—City Can B orrow —The Pittsburg “ G a­
zette,” on October 14, 1897. said: City Attorney Clarence
Burleigh yesterday rendered an opinion which passes upon
the questions raised by City Comptroller EL I. Gourley as to
the legal right of the City Treasurer to borrow money from
the city depositaries, or other instituti ms, for the purpose of
paying the current expenses of the city when there is no
money in the treasury. The Comptroller and the Treasurer
were of opinion that there existed no legal authority for such
loans ; the opinion of the City Attorney is to the contrary,
and the city will continue meeting deficiencies by making
loans.
Sf. Paul, Minn.—Change o f Financial Agency,—Pursuant
with a resolution of the Common Council, the financia
agency of St. Paul in.New York City has been changed from
the Chase National Bank to the Hanover National Bank,
where all obligations of the city of St. Paul, payable through
the financial agency, must he presented for payment.
Official notice o f the change o f agency wilt be found else-

judges
— * » ...................* « t >«*
amounts to be issued and the disposition to be made o f the
Shoshone County, (ilnlio.—Bond Litigation.—Press re­
money thus raised. The claim of the petitioner that the ports state that rh« County Commissioners will test the va­
money was to he used for other purposes than that intended, lidity o ' the $280,000 7.7 bonds issued in 1892 and have in­
the judge declared was purely a personal opinion and could structed the Treasurer to stop paying interest upon these
not therefore he admitted as a fact. Notice of an appeal to issues.
the Circuit Court has been given by Mr. Horstroao. counsel
Sioux City, (own. —Bond Litigation. —The following dis­
for the nl aim iff.
patch from Sioux City dated Oo ober 21 appeared in the St,
Hamilton, Butler Co.. Ohio.— Beceirrr Asked For.—The Louis “ Glob* Democrat" on October 21, is.);- “ The District
Post i Hover Electric Light Company of Cincinnati has made Court to-d -y issued an injunction restraining the city officials
applicationto Judge Neil an asking that a receiver be ap- •from issuing bonds warrants, or other evidences o f indebtedpoint'-1 forth " City o f Hamilton. The plaintiff claims that ness against Sioux City, until the final adjudication of a case
the city is on the verge o f bankruptcy, th it i> bus neglected j commenced in the courts Toe plaintiff is the State Bank
and refus'd to pay its debts and ha- defaulted upon ite ! Building Compauy. It is backed by a number of other propbonded debt, and he .avers mismanagement and extravagance j erry owners in asking the Court to reproduce all the city’s
■ ■ ■
•
i ss uv» and ihove scsno.O 0 It is said the city is in
September 2.7, 1897, began an action in tb« ‘ ' vumon Plea- debt $1.8 >••.<00 and that it has by $1.500,0’Wexceeded its legal
Court of Butler County to recover $775 77 with ini-rest due |limit of Indebtedness. A similar injunction has been issued
from September 1, 1898, alleged to be due for machinery, &c. agaiust the county officers restraining the levy of taxes. The
Johnson City, Teira.—Bond; Invalid.—On October 2<>. right arise on' of a prop Med issue o f $258,009 of bonds by
1897. the Supreme C art of Tennessee affirmed the decision of the city.”
Virginia.—Bon l Fawn.— According to press dispatches the
the Lower Court, declaring illegal the $75,COO bonds issued in
aid of the construction of the Charleston Cincinnati & Chi Supreme Court on Oitou-r 12 reassigns 1 the case of McCul­
cage R ill way. Toe bauds were declared invalid ou the lough vs. tue State of Virginia, fixing the date for hearing
ground that they were not executed in acchrdan> e with iaw. on the first Monday iu January, after other cases set for that
These bonds were issued as 6 per cents to mature May 1,1910. day are disputed of. Tae case deals with the validity of the
Long Island City, N. Y. —Bona* Legal.—Judge Gaynorhas coupou contracts of the State in the bond issues o f 1871 and
denied .the optiitcation for an nijnne ion to restrain Lucien 1879.
Knapp, City Treasurer, from selling the #3 0,* 00 revenue
Washington.— Tide Land Fundi Cannot Be Diverted —The
bonds recently awarded to Farson. Leach & Co. This award “ Post-Intelligencer” o f Seattle, on October 9, 1897, contained
was afterwards r- voked by the city on account of the pur­ the follow! g dispatch from Olympia: “ The Supreme Court
chasers refusing to take the $11 .WO improvement bonds in­ has decided that the A ct of January 22, 1897, iu relation to
cluded in the amount awarded. The action to restrain the the investment o f tide land funds in general fund warrants
city from selling these bonds was brought by Charles Gibson, does not authorize the State Treasurer to pay and cancel
a tax payer, who alleged that the $3 i*:,(i u bond issue would general fund warrants with money from the tide land fund,
bring the city's debt beyond the 10, limit. Treasurer Knapp tint authorizes and permits merely the purchase of such war­
stated that the bonds were originally issued and add in 1895, rants at their par value, without regard to interest, from
(866 and 1-07 to a special sinking fa n ! provided for by such parties as may ba willing to part therewith: that the
Chapter 782. Laws of 1895, and it is by this fund that the effect of the A ct was not to transfer the tide laud fund to
bonds are to be re-sold. Judge Gavnor in refusing the per­ the general fund, so as to make the same available for the
manent injunction held that the bond* when originally sold payment o f warrants dra wn upon the general fund.
to the special sinking fund were within the debt limit and
The doctrine was annonneed in an opinion filed in the case
therefore legally issued, and that the act creating this fund of the State, ex ret. George M Haller, relator, vs. the State
also gives the Treasurer authority to sell those bonds con­ Treasurer, to make the statutory indorsement ' ‘ not paid for
tained therein and that such bonds can be sold even though want of funds ” upon a warrant drawn upon the general
fund. The Court holds that the authority conferred by the
the present indebtedness exceeds the prescribed 10% limit.
Lookout Mountain, Tenn.— Rceir/r lief used.— Wo have act is to purchase, not to pay, and the language contained
received the following communication from Robert Morrison, therein will admit of no other'construction. It is stated in
Commissioner, in reply toonr request for information concern­ the title that the purpose of the act is to direct the Treas­
ing the item cont lined in the Chicago “ Post” and reprinted in urer to invest certain moneys in the tide land fund in
the C h r o n ic l e of O -tuber 9, 1897: ‘ 'This corporation has ex­ general warrants. By section l of the act he is directed to
isted ab m- seven years tin ler special charter, which provides invest. Section 2 asserts that “ the investment, of such
for the election of three commissioners, “ who shall hold until money will result in profit to the State.”
The language, the Court considers, is inapt if the legisla­
their successors are elected and qualified’ , but fails to pro­
vide how they may be elected. No taxes have been levied or tive intention was to confer authority to pay. The word
collected except for first two years, when about $700 was “ invest” ordinarily has no such meaning. Farther, it is the
collected anil placed on e p '-iil 'deposit bearing 4 interest, relator’s legal right to hold the obligation as an investment
since which time the corpnration has remained inoperative, until thore are available funds with which to pay it, and he
making no exp mditorej or asseesment-i. The commissioners cannot be comp-lied to relinquish that investment for the
have recently refused to donate funds on hand to the School benefit of any other individual or of any fund under the con­
Committee, who are appointed by the county and not by the trol of the State
The opinion of Justice Gordon is concurred in by Justices
corporation. This can be the only e'airn a» there is no evi
dance of fraud or misrn w ;up:tment. When our State Legislature Anders and Dunbar, Chief-Justice Scott and Judge Reavis
again m •»•*. the charter will be so amended as will enable dissent.
Wyoming.—Ta,v Sale Law Illegal.—On October 1,1897, the
the proper election of town officials. On October 26, 1897,
Chancel 1or McConnell rendered a decision refn-tbg to grant Supremo Court declared the Wyoming Tax Sale Law illegal,

THE

836

CH R O N IC LE ,

owing to a mistake made by the Legislative clerks. The bill
as enrolled and signed by the officers of the Legislature and
approved by the Governor contained a section introduced by
the Senate but rejected by the House, and the new one which
was substituted in its place and finally adopted by both
House and Senate was omitted.
. 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
week have been as follows.
Ann Arbor (C ity) M ich .-B on d Offering.-P roposals will
be received nntil 5 P. M. (local time) November 1, .IoUj, «y
Glen Y. Mills, Clerk, for $1,887 48 of
sewer bonds. Securities are issued pursuant with an act of the Legislature ap
proved May 31. 1893, and authorized by an ordinance passed
May 21, 1894, and are for the purpose of constructing sewers
in Lateral Sewer District No. 7. Bonds are dated October 4,
1897 and are in denominations of $500, except the fractional
parts made necessary by the bonds maturing in four equal
payments on or before March 1 of each year. Interest will
be payable at the office of the Treasurer.
Arapahoe County School District No. 2, Denver, Col.—
Bond -ale.—Following is a complete list of bids received
October 19, 1897. for the $125,000 of \%<f. refunding binds
awarded to N. W. Harris & Co. of Chicago, as reported in
the C h r o n i c l e last week.
For a

Bond.

N .W . Harris A Co.. Chicago...102*07
F. II Rollins & Sons, B oston..101*2.9
Mason, Lewis & Co.. Chicago. .100-4*
Spltzer h Co.. T o le d o ............... 100*2408
AT. .1. Hayes & Sons. Cleveland. 98*5 li
For a 1H'y Bond.
Blair & Co., New York............... 100*00

For a 5% Bond.
E. II Rollins & Sons. Boston. .105*70
Mason, Lewis <feCo , Chicago, i 03*20
W . J. Hayes & Sons, Cleveland. lOl'SOlO
C. H . White & Co.. New York 102*125
Duke M. Farson, Chicago.........100*56
Parson. Leach & Co., Chicago.. 100*c6
S. A. Kean, Chicago
.......... 100*

Bonds are in denomination of $1,000, dated November 1,
1897, and mature in twenty years, subject to call after ten
years. Interest pavable semi-annually.
Bellefontaine, Ohio.—Bond Election.—It is stated that
at the comiDg November election the question of issuing
$3 0 ,0 0 0 city hall bonds will be voted upon.
Bexar County (P. 0. San Antonio) Texas.—Bond Call —
Henry TJmscheid, County Treasurer, pursuant with an order
passed by the County Commissioners, has called for payment
November 1, 1897, at the National Bark Bank. New York
City, the $240,000 6% court-house bonds issued Feb. 8, 1897.
Bonds Approved.—On October 18, 1897, the AttorneyGeneral approved for registration $240,0 0 court-house re­
funding bonds.
Bradley Beach, N. J .—Bonds Voted. —It is stated that at
a special electi n held recently $20,000 street improvement
bonds were voted.
Brookline, Mass.—lemporary Loan.—The town has ne­
gotiated a demand note of $5,000 with the Sinking Fund
Commissioners.
Bryan, Ohio.—Bonds Authorized—On October 18.1897, the
Council passed an ordinance providing for the issuance of
$2,821 33 coupon bonds to refund the present indebtedness of
the village. Securities will be dated November 1, 1897, and
will hear 5 per cent interest, payable semi annually after
September 1,1898 (the first payment to he made on this date),
at the village treasury, where the principal also will be pay­
able. They will mature one bond for $500 annually on
March 1 from 1899 to 1903, inclusive, and one bond for
$321 33 on March 1,1901. A tax sufficient to pay interest
and provide a sinking fund for the payment of the principal
will be levied annually.
Buffalo, N. Y.—Bond S i t e —The following bids were re­
ceived October 23, 1897, for the $571,940 11 3}££ registered
tax loan bonds and the $6,852 45 and $5,946 68
gradecrossing bonds:
$571,940 11 Tax Loan Bonds.
Bank o f Buffalo ($100,000)........101*30 | Erie County Sav. Bank, Buffalo!00*765
Bank of Buffalo l$100.000)........101*26
Farson. Leach & Co., N. Y .. 100*475
Bank of Buffalo ($10,000) .. ..101*16
I Estabrook & Co .Boston ........ 100*369
Parktnton Js Burr, Boston, all
|Joseph E. Gavin. Buffalo
...1-00*291
or non** ..
101*031
Street, W ykes & Co.. N. Y ........ 100*2905
Buffalo Savings Bank($200,000)100*78
$6,852 45 and $5,946 68 Grade-Crossing Bonds.
Joseph FL Gavin, Buffalo.......... 108*095
Erie County Sav. Bank. Buffalo. 102*60
Parkinson & Burr, Boston
.103*012
Farson. Le.eh & Co.. N. Y .......102*5125
Western Sav. Bank. Buffalo... .102*96
Street. W ykes & Co , N. V........ 101*934
Buffalo Savings Bunk Buffalo 102*95

The tax loan bonds w. re awarded to Parkinson & Burr,
and mature October 1, 1902. The grade-crossing bonds were
awarded to .Ios. E. Gavin and mature October !, 1917. For
further particulars see C hronicle October 16, 1897, p. 744.
Butte, Mont.—Bond Ooll.—Notice has been given that
sewerage bonds issued by this city on April 16, 1897, Nos. 16
to 21, inclusive, are called for payment on November 1, 1897,
at the office of Blair & Co., : 3 Wall Street, New York City.
Interest will cease after this date.
Calais, Me.—Temporary Loan.—The city has negotiated a
six months loan of $10,0t 0 with Rogers, Newman & Tolman
of Boston at 4)£<f discount. Note is dated October 6, 1897,
and will be payable at the Globe National Bank, Boston.
Calhoun County, Tex.—Bonds Approved.—On October 18,
1897, $10,000 bridge bonds were approved by the AttorneyGeneral.
Camden, N. J.—Bonds Refused.—Messrs. Farson, Leach &
Co, have refused to take the' $20 .000 4? 80-year paving bonds
awarded to them in September last The act of 1896, nndei
which the bonds were issued, permits a city of the second
class to tssu» $200,LOO bonds for repaving streets, but ex­
pressly provides that the act shall not interfere in anyway
with the city charter. The charter of Camden prohibits
the, borrowing in any one year of more than $25,000, or an

[VOL. L X V .

increase in the debt of the city beyond $1,000,000, while the
indebtedness at present is over $1,90 >,<00. issued in part un­
der general laws repealing the debt limitation. We are in­
formed by Farson, Leach & Co. that they have written the
city officials, giving the reasons for their refusal to take the
bonds and stating their willingness to accept the award if
curative legislation be enacted.
Carthage, Jasper County, Mo.—Bonds D efeated —A t the
election held October 19, 1897, the proposition to issue $28,OCD
electric-light bonds was defeated, vote being very lisrht. Mr.
R Lundy writes us that in his opinion the question will
again be submitted to a vote of the people in the near future.
Charleston, Miss.— Rond Offering.— W e are advised by
T. J. Manley, Town Clerk, that after November 1 the first
bidder for face value will he awarded the $1,500 1% bonds,
issued for the purpose of erecting a public school building.
Interest payable semi-annually at the Grenada Bank,
Grenada. Principal will mature ten years from date of issue.
Chicago, 111.—Bond Neivs.—According to press dispatches,
several million dollars of special improvement bonds, each
of the denomination of $10 ' and bearing five per cent inter­
est. may be offered for sa'e to those people of Chicago who
have only a little money to invest. Comptroller Waller is
the father of the plan. Mayor Harrison approves it, and it
i* thought that the idea will be in operation inside o f six
months.
Bond Redemption.—The Board of West Park Commission­
ers have decided to redeem $54,000 certificates issued about
six years ago for paving W8shiogtcn Boulevard from Ogden
avenue to Halsted street.
Cincinnati, Ohio.—Bonds Authorized. —The Board of Ad­
ministration has authorized the i-snance of not more than
$5,868 42 five per cent l-10 year (serial) bonds for improve­
ment of Ingleside Place. Interest will be payable semi­
annually.
Bond S' le.—The Sinking Fund Trustees have taken the
$1,960 69
1-10 year Plymouth avenue improvement bonds
which were recently authorized.
Cleveland, Ohio.—Bond Sale.—Following are the bids re­
ceived October 22, 1«97, for $90,000 4f bridge repair coupon
bonds:
Society for Savings, Clevelancl.105'05
N. w. Harris &Co„ New Y o rk ..105-03
Mason, Lewis & Co., Chicago .104-97
Illinois Tr. & Say. Bank, Chic. ..104-97
R. L. Day & Co., Boston
. . . 104-83
Dietz. Denison Jr Prior.Olev. ...104-78

[ Farson, Leach & Co., N. Y .........104-78
Blake Bros. & Co., New Y o rk ... 104-70
I W . J. H ayes & Sons. Clevelandl04 55
|Estabrook & Co., Boston
.. .104-55
Lamprecht Bros. Co , Clev....... 104 .38
I A tlas Nat. Bank. Cincinnati. ...103-12

Bonds were awarded to Society for Savings,which bid 105 05^,
not $105 05 premium as reported in >he Chronicle last week.
Bond Sale.—On October 25, D97, the $199,00 ) 4$ blidge
coupon bonds were awarded to N. W. Harris & Co., New
York, at 1 1-562. Following are the bids:
W . J. Hayes & S o n s ..............
N. W . Harris & Co.......................... I l l '69
.................
Society for Savings. C le v e la n d ...Ill'40 Estabrook & Co
Blake Bros. & C o . ............................ ill*3t* Dietz, Denis n & Prior..........
R. L. Dav & Co................................... 111*29 E. H. Hollins /fi Sorts ------- The Lamprecht Bros. Co................ 111*06 111. T r . & M . . Lew's & C o ..
Farson. Leach & Co......................... 110*65 Atlas Nat. Bank. Cincinnati

.110*51
110*41
.110*25
110*17
.109*10
106*01

Bonds matnre October 1, 192o. For further particulars seo
October 2 , 1897, p. 639.
College Point, N. Y.—Bond Offering.—Proposals will be
received until November 10, 1897, for the $115,0 0 street im­
provement bonds. These bonds were recently awarded to
the Lamprecht Bros. Co. of Cleveland but we,-e refused by
that firm on account of the bonds being insufficiently ad­
vertised. Press reports state that the bonds will be awarded
at the lowest rate of interest bid
Columbus, Ohio.—Bond Election.—It is stated that at the
November election the prop sition to issue $100,000 bonds
for the construction of a dam across the Scioto River will be
submitted to a vote of the people.
Bonds Lropnsed.—Press reports state that an ordinance
providing for the issuance of $800,<00 bonds for the election
of an electric-light t lant has been introduced into Cou'icil.
Bonds Proposed.—Press reports state that the next General
Assembly will be asked to authorize the issuance of $75,00J
4 %sewer deficiency bonds. Securities are to cover the short­
ages in assessments levied for the construction of sewers,
which are embraced in what is known as the Boston loan,,
made in 1893, and which is renewed from year to year at.
from 5 to
per cent.
Corinth (City), Miss.—Bonds Proposed.—W e are » ’ vised
by S. L. Ward, City Clerk, that the charter of the city has
been so amended as to permit an election to vote on the
question of issuing bonds for the “ Erection and Maintenance
of Water-Works, Gas, El- ctric Lights, etc.” Mr. Ward says
the proposition will not •e submitted to a vote until nex year,
and that owing to considerable opposition it is doubtful if
the question will carry. Interest on bonds cannot exceed 1%
and the amount of the isiue has not yet b9en determined.
Correctionville, Iowa.—Bond Sa'e.—On October t, 1897,
this town sold $5,t 00 water-works bonds to Mason, Lewis &
Co., Chicago, as 5 per cents at par. C. E. Smith, Town
Treasurer, reports that there were several other bidders, but
they all wanted a commission for placing the bonds.
Cowley County. Kan.—Bond Offering.—In reply to our in­
quiry, Mr. F. H. Conkright, Treasurer, writes that the Board
of County Commissioners will probably receive proposals at
the regular meeting November 1, 1897, for the $lu0,000 of
refunding bonds, bid* for which were rejected October 4,
1897.
Currituck County, N. C.—Bond Offering.—It is stated that,
proposals will be received until November 8, 18.97, for $9,00(1
0,7 bonds.
C h r o n ic l e

OCTOBFE 30 1897 !

THE

CHRONICLE.

887.

Danville I City) Xa.--Bond Sale.—On October 25, 1897, the : description of them will be found in the Chronicle of Oct­
$55,040 5? refunding bonds were awarded to The Lamprecht : ober 28, 1897, p. 291.
Bros. Co., Cleveland, at ll"-64, Following are the bids:
GalveSt«ii, Tex.—Bunds Approved.—The $200,000 bonds
Tfte Larapreeiit Bros. Co.. Clev
Ow.u, ileiy A Co. ....................... 104-06 ' recently awarded to N. W. Harris & Co., New York, have
Sperry. Jones & Cc<, Baltimore, n o t i } Fidelity & Deposit Co.. Balto.... .104*52
Etai&ltieton & Co.. Baltimore- - i v u 7o ; Farson. Loach & Co.. New Fork..104*31 - been approved for registration by the Attorney General.
Bndolob Kieyhoite & C o ., X. Y..1 <K»‘52V I E D. Shepard & Co.. New York 101*28 « $25,000 o f school bonds were also approved,
JEdw. C. Jones i>.. New York...H»-*55 « The Mercantile Trust & Deposit
Glenville (t illa g e ), Ohio.—Bond News.—.Regarding the
N.'W. Hams k Co . New York.. 106*56 \ Cm. Baltimore.
... . . . . .
102*55 !
Dietz.Denison.* l*nor,Cle v«‘land 10*'*><» Jno. C. Williams, Richmond
C. B. HoblitxoU * Co— . .... 1'd’72 - ( * 5 . 0 0 0 ..................
102-50 report that the village is considering the issuance of $10,000
sewer bonds, Mr. Z. W. Morris. Clerk, writes ns that there
Bonds mature November 1, 1927. For further particulars will be “ no bonds at present.”
see Cbkokicle October 16. 1897. p. 715.
Grand Rapids, Mich.—B o"d Offering —Proposals will be
Dayton, O h io .— Temporary Loan, —-The City Comptroller received until 5 p, m . N o v . 1. 1897, by Frank D. Warren,
on October 19, 1897, was authorized to borrow $5,000 from City Clerk, for $125,000 4 bonds for the purpose of acquiring
the sinking fund for the street-cleaning fund.
an electric or other lighting plant. Bonds will be in denomD edh am , Mass,— Note Safe — F o llo w in g are th e b ids re­ nations of $1,00'', dated May 3, 1897 ; interest payable May 3
ce iv e d fur the $20 000 47 note, th e sale o f w h ich was rep orted and November 3 in New York City. Principal will mature
in the C h r o n icl e o f last w eek.
May 3, 1917. An unconditional certified check for $5,000,
LalatuS. Towle & Co*Boston.. -Ho2*§l ! Blodget. Merritt & Co.,Boston..101*57 : payable to the City Treasurer, must accompany proposals.
K. C . Stanwood k Oh.. Bo*tOQ>.*102-00 f B. I*. Day k Co . Boston
......101*518 i
Dedham SwriB®* Bank. ....... 101TW5 i K . S L Rollins & Sons, Boston .. 101*377 I Greenwood, S. C.—Bonds V oted—At the election held Oct­
J m e Parker & Co,; Boston, ■ .. IW*»I5 ; Third Na'tonal Bank. Boston.. .101*31
Adams & Co.,Boston
........ 101*778 \ Rogers, New. & Toirtsan, Beaton,1- 1 03 •
. ober 19, 1897, the issuance of $40,000 6% bonds to build and
Parkinson & Barr. Boston .... 101*6381 Middlesex Saving* Bank...,, ...101*03
equip a system of water works and an electric-light plant was
Blake Bros. & C©„ New York.... 101*50 f Chaa. Weil & Co
... ............. 101*0,1
authorized bv a vote of 100 to 13.
* Btd» wlthdravra.
Harrison County, Kx.~Bond Election.—At the November
DeKalb, III.—Bonds Voted.—The citizens of DeKalb have election the county will vote on the question of issuing bonds
voted to issue $6,510 5; water-works improvement bonds. In­ for the purchase of pikes.
Bayfield, Dodge County. .Minn.—Bond Sale.—On October
terest will be payable at City Treasurer's office. City Clerk
E. A. Porter write* ns that an ordinance authorizing’ the is- 115, 1897, the $i,U"0 of :>%% bonds were awarded to J. D.
suance of the securities will be passed by the Water Com­ Cieghorn & Co. oF Minneapolis at 100-75. Bonds mature
October 15, 19 2.
mittee (W . S. Stevens, Chairman.) on November 6, 1897.
Henderson, Ky.—Bond .Veit’.1'.—A report is going the
lies Moines. la . —Bond* Proponed.—An offer from Knilolph Kieybolte Sc ('■>., Cincinnati, is being considered bv the rounds of the press to the effect, that $309,00'' of Henderson
Ways and Means Committee, 1 oSting towards a refunding ! 4:S 15-to-20 year 'optional) bonds were awarded to Kountze
of the $ 04.000 !: bonds due Angus! 1, 1918, with a like Bros., New York, at 100’51, As a maiter of fact this amount
amount of 3 75 percents. Press reports state that it is not I is part of the issue ( $371,000) awarded on August m a s t to
likely tba the deal will bo consummated, there not being Login C, Murray, Louisville, at 100-51. A description of
the loan will be found in the Chronicle o f A ngn.t 21, 1897.
enough inducement offered to warrant the change.
Douglas County ( P. O. Omaha) Neb.—Bond Election.— i Hun srille, Ala.—Bonds Authorized—The Council has au­
The proposition to isane $100,0<W exposition bonds and $180,- thorized the issuance of $10,000 64 20-year bonds for the pur­
090 landing bonds, with a provision for a tax le w for pay­ chase o f a rock crusher and roller,
Huntsville, Tenu.—Correction.—In the Chronicle, Octo­
ment of interest and the bonds at maturity will be subndtted to a vote of the people on November 2, 1897. A two- ber 16, 1897, we stated that the Council had authorized the
thirds vote will be necessary to authorize the $lO",t 90 bones Issuance of $10,000 bonds. The bonds were authorized by
to provide for the expenses o f promoting the interests of Huntsville, Ala., not Huntsville, Tenn.
Douglas County at the Inter-State Exposition. If issued ! Hutchinson, Kan.—Bonds Voted. On October 19, 1897,
bonds will be in denominations of $t.0i 0, dated January 1, j at a special election it was voted to issue $3.3/ 00 bonds to the
1898. and maturing January 1, 1918; interest to be at 4(^1, Hutchinson & Southern Railroad for the building o f a new
payable January and July at the Nebraska State Fiscal depot, round house and other terminal buildings.
Jacksonville, Fla. —Bor.d Offering.—Proposals will be re­
Agency in New York City. A majority of votes will au­
thorize the $ 804)00 funding bonds, for the payment of out- j ceived until December 7, 1897, for $13,500 bonds. These
standing indebtedness, in form of judgments and claims securities are part o f the $i,00",(KW loan authorized in 1894,
against the county, growing out of the failure of title to of which all but the above $43,fn 0 have been sold at par.
Kenton, Ohio -Bond Sale.—The "Boston News Bureau”
the east fifty acres of Douglas County Poor Farm, which the
county attempted to sell. If authorized the bonds will be rep-.ris a sale of $3 000 sewer and ¥43,0.0 refunding bonds to
dated January l, 1898, and to m .ture January 1, 19t8. In­ the Kenton National Bank at par.
I.u Grange, Mo.—Bond-: Voted -O n October 19, 1907, the
terest to be at not more than
payable semi annually.
Duluth, Minn.—B<ml* Proiumni,— The city is considering citizens of L i Orange authorized the issuance of $6,000 electrift-light
bonds.
the pnrehas of the plant of the Duluth Gas & Water Co.,
but have refused to pay the $' ,440/r" ' demanded by the c o m -; La Moure (N. lb ) School D istrict—Bond Sate.—The
pany's bondholders. The ciiy is willing to pay $1,200,000 in di-triet has placed an issue of bonds with the "Board of
It bonds, but t e offer lias been refused by the bondholders, Dniverity and School Lands. State of North Dakota.”
Lebanon City, P».—No New Bonds.—Regarding the issu­
who threaten to fight any attempt on the part of the city to
•‘ parallel " the company's plant. Toe matter is still under s ance of $20,(n i), i - City Hall bonds, recently authorized, we
are advised by Geo. H. Spang, Treasurer, that the city finds
consideration.
Elizabeth, N. J. —Bond Neve.—A report has been published that it has enough cash savings to proceed with the work
to the effect that the Board of Education of Elizabeth had without issuing bonds.
Lewisbnrg, W. Va.—Bonds Voted, —According to the
l>een directed to ia*ne #30,00 •school bonds. W e are officially
informed that the Board does not intend to issue new bonds. “ Journal of Commerce” of this city, Lewisbnrg has voted to
Elmira Heights, ,Y Y,—BondSale.—The Chemung Canal t issue$18,860 water-works bonds.
Little Ferry (N. J.) School D istrict.—Temporary Loan.—
Bank, Elmira, was awarded lust month at private sale $3,000
4£ funding bonds. Securities mature $1,5.0 September 1, The district has negotiated a 4 months’ loan of $80 1 for the
payment of teachers’ salaries, Interest at 64, payable at the
1898, and $1.3 *0 September 1,1899.
Hackensack B-mk.
El Paso, Tex.—-Bonds Authorized —On October 21, 1897,
Little ltoek (A rk .)—Bond Offering—Press reports state
the City Council voted to issue the following 67 30 year bonds
subject to ratification by a vote of the people: $-.0,000 for that a resolution has passed Council authorizing the Treas­
school improvements, $30,000 for funding outstanding in­ urer to advertise for the sale of $5,000 bonds.
Los Angeles, Cal.—Bond Election.—W e are advised by
debtedness and $30, t>i> for a new City Hall
C. H. Hance. City Clerk, that the proposition to issue $339,000
f a r Rockaway (V illage), X. V.—Bond Offering.—The school bonds and $150,000 fire-department bonds will be sub­
village will offer for sale November 9 .1897. the $15,000 street- mitted to a vote of rhe people some time next month. De­
improvement ootids authorized October '. 0, 1897, by a vote of tails of the issue h«ve not yet been decided upon,
48 to 1<. Securities will tie in denominations of $1,000, with
Lowell, Mass.—Bonds Authorized.—According to press
interest at not more than 5%, payable January 1 and July 1 reports the Board of Aldermen have passed a resolution
at the National Shoe & Leather Bank, New York City, authorizing a $t0,h'0 loan for extending Aiken Street,
Principal wdl mature $1,000 annually on January 1, begin­
Macon (City), Ga.—News. —Regarding a report published
ning 190.'.
in i ne of the papers that an issue of $V 0,000 water-works
Frankfort, Kir.—Bond Sole. - On October 23, 1897, N. W. bonds has been authorized, we are advised by Mr. A. R.
Harris & Co., Chicago, were awarded the $180,0110 4 ) ^ re­ Tinsley, Treasurer, that the city does not own the water­
funding bonds at 100 0846. Bonds mature 30 years from date works but that "T h e Macon G-as Light & Water Co., now
o f :s«ue, subject to call after 20 years. Following are the bids: in the hand of a receiver appointed by the Federal Court,
X , W , H i f t Im A €‘ o , Cblmfzo.
1 3 6 * 1 1.0
0 _
p.< OHO
Chicago... 130075
Fara<m. Leach k ' 'c>
M . f t . Roiiioa A Soa«, Boa Son.., 130*d9S Rudolph Kieybolte A Co. On... 130*620 will issue $100,000 receivers’ certificates.”
Mansfield, Ohio.—Bond Election.—An election will be t e *
For further particulars see C h r o n i c l e Aug. 7, 1897 p. 245.
Freeport, N. Y.—Bond 3 a - e,—Following are the bids re­ November a, '897, tov.de on a proposed issue of not mor e
ceived on October 18, 1897, for the $13,000 4jf l l ‘ £-year (aver­ than $75,000 sewerage bonds. Securities, if authorized, will
to issued pursuant with Sections 2835, 2836 and 2837 of the
age) bonds of this village :
Paifl A. Momn ,%Co.* Jf*
j Ta W. Morrison, X. Y.
....... 102*250 Revised Statutes of Ohio, They are to be in denominations
W » « r m A SMitejw ns^r, X. Y . . , i o r 876 m * . c . T o n m Co., s , Y . . . . . . . . . . 101-067 of not more than $1,000 nor less than $50, with interest not
Berlroti A
X. Y ... ...... j (r$rftxft i Walter SUntc n A Co., X. Y
.101*1*20 exceeding 5%, payable semi-annually. Principal to mature
s t r e e t . W f * m A Co , X, Y „ . . , , .1fl3*#20 I Rudolph KJoyboRe A Co,, X. Y,l< 1 90
B ew ail ■% KFrirtU. X. Y ...........|f2-550 1Tito l*A!»preoht Bros. Go,. CJer.J01'76o in from one to twenty years,
Wllwn «%
■
lf« Y ...
102*3*!
Bank of Rock villa Centre........ 100*020
Marcell tie. Mo.—Bond Election.—A proposition to issue
B tah w ick a ?. Bank B rook lyn . .1
? Fre<?»K)rt B a n k '" ' .1 ." '
I 'I*. J00*920
f b m . M. Hftbk X, Y «. * . * . 1 &2-3MQ j,
water works bonds will be submitted to a vote of the people
Secaritifs were awarded to Dan’l A, Moran & Co, A full of this place on November 1,1897.

8 8 tt

(
S

I
1
1
%

t
9

?
1

i
I
g

THE CHRONICLE

[Vol. LXV.

Pierce County (P . 0. Tacoma ), Wash. - Warrant Call.—
Minnesota.—Bond News.—We are advised by the Hon.
Chnnning Seabnry, Vice President of the Board of State Stephen Judson, Treasurer, called for payment Oc ober
Capitol Con missioners that the remaining $450/00 certifa-; 25 last, general county fund warrants Nos. 6,3 0 to 6,900
cates of indebtedness of the $500,000 issue authorized by the j and Nos. 7 to 371, inclusive, issued in 1893. Nos. 372 to 435,
act of 1807 will lie issued next year in such amounts as may inclusive, issued in 1894. Nos. 436 to 440, inclusive, issued
be needed as the work of construction progresses, com­ in 1895. Payment to be made at the Treasurer’s office.
Pierce County (W a sh .) School D istrict No. 10.— Warrant
mencing with an issue of from $50,01 0 to $iOo.( 00 in January.
Missoula (M ont.) School District.—Ao A etc Bonds.—Re- Call. — Stephen Judson, County Treasurer, called for
■garding a report contained in one of the papers, that the payment October 25 last, special school warrants Nos. 2,462
district bad voted $8,100 bonds, we are advised hv W . i . to 2,506 inclusive, issued June 25, 1897. Payment to be made
Hughes. City Clerk, that no bonds were authorized, but at the Treasurer’ s office, Tacoma.
Pittsburg, Pa.—Bonds Proposed.—The Finance Commit­
simp'y a special lax for that amount voted.
Monroeville! Village), Ohio.—Bond Sale—On October 26, tee of the City Councils on October 22 approved the ordinance
1S97, the $18,000 5f water works bonds were awarded to H. authorizing the issuance of bonds to refund part of the
P. Stentz. President First National Bank, Monroeville, at $2,398,000 7 per cent water bonds maturing April 1, 1898.
For the payment of the 7 per cent water bonds there is in
11P461. Following are the bids:
the sinking fund over $l,3n0,000, leaving a little over
p. s te m /. Monroeville.... *20.088 on I The Citizens' Savinas & Loan
H.P.
$l,050,i 00 to be refunded The new bonds will mature in
Co.. M ansfield............. .........
ietv forSavIncs, Cleve___ id .T-o O"
Soclet.
dolnh Kley---------K leybolte* To. (’In. ,in.7Si4o]
Rudolph
__ _ Dietz. Denison S Prior.Clev.. 10,21/ /& twelve years from March 1, 1898, and of the amount issued
00
S Kuhn & Sons. Cli clnuatn. IP,092 <O.
.. Leach & ,Co.,i hicmro.
r
A
Co..
Toledo...............
l'-V
25
00
$90.0 0 are subject to call each year. Bids will be asked for
The Lamprecht Bros Co.,('lev 10,6*'1 50 I Splti^rA ( <>.. lole
c in n a ii. ia
19.000
00
Seasonjrood A Mayer, Cincin. 1P.677 ?o Ir. M. 1hurnnuer,' in
-----—
Q!.F.K
7
w. .1. 1Invp, &Sons. I leve... 19.675oo Mason, Lewis * Co , Cbleaeo. ls.9o5 s. a 8% per cent and 4 per cent bonds. Secnri.ies will be sub­
The New First Nat. Bank,
S. A. Kean, U neaso................. 1S.S09 00 ject to the State tax.
Columbus................................ 19.445 40
Pleasant Ridge, Ohio,—Bond Offering.—We reported last
Bonds N s. 1 to 18 are for $500 i ach and 19 to 27 $1,000 week that proposals for $16,979 50 6 / and $4,613 90 6$ special
each and mature one bond annually, beginning September assessment improvement bonds of this village would be re­
00, 1902; bonds Nos. 22 to 27 being subject to call after 1922. ceived until November 11, 1897. A later advertisement gives
For further particulars see C hronicle Oct. 2, 1897. p. 641.
the date for the sale of the bonds as November 15, 1897. The
Mt. Morris, N. X.—Bond Sale.—On October 26, 1897. the details of the issues will he found in the Chronicle of Oct­
$14,000
bridge bonds were awarded to Jos. E. Gavin, Buf­ ober 23, 1897, p. 792.
falo, at 1<'5’655. Following are the bids:
Pontiac, 111.—Sored Election —An election will soon be
Whann A Schleslnger, N V .......100 85
J ob. E. Gavin. Buffalo............... 105-055
Walter Stanton & Co.. N. Y ....100’26?8 held to vote on a propc sed issue of $8,OCO 6 / bonds for addi­
Street. W ykes A Co.. N. Y
. .105 00
P. K. Tyng A Co . Buffalo..........100-198
tional school room.
Benwell A Everitt. New York. 104-03
Parson, Leach A Co.. N. Y .. . .100-188
I W . Sherrill, Poughkeepsie 10P
P ort Huron, M idi. —Bond Election.—A t the November
J. Moreau. Smith Rock ............100143
Peter Depuy, *unda.................10P151
Jas. H . Rand. Tonawanda
..100"
election a proposition to issue $30,000 4% bonds for the pur­
Bertrou A S'torrs. New York...10l'107
Average date of maturity will be 8}4 ' ears. For further pose of purchasing an electric-light plant will be submitted
to a vote of the people, unless better arrangements can be
description see Chronicle last week, p, 792.
Mount Sterling, Ky.—Bend. Election.—At the election to made with the existing company.
Providence. R. I .—Bonds Authorized —The City Council
be held on November 2, 1897, a proposition to increase the
has authorized the Treasurer to borrow from time to time, in
indebtedness of the city by $62,000 will belvoted on
Newtown (X. Y.) Union Free School District N'o. 1 .— such amounts as m aybe nectssary, the sum of $'26,0'0 on
—Bond Sale.—The $15 000 4% bonds offered by this district on notes hearing not more than 6% interest Proceeds of the
October 27, 1897, have been awarded to Seasongood & Mayer, loan will be used for the improvement and completion of
Davis Park.
Cincinnati, at lo7-78. Bids received were :
Ralls County, Mo.—Bond Sale.—The county has refunded
Sea^ongo-td A Mayer. Cincinnati.107‘78 E. D. Shepard & Co., New York,. 105*27
W . J. Haye* A Sons, Cleveland.*I'i8'25 E'iw. C. Jones A Co., New York..104-25 $3i.0,000 of the $338,0 0 5$ refunding bonds now outstanding,,
103-55
Bertron A Storrs. New York .......IO7-00 C. H . W hite A Co.. New York
The new bonds will he in
Walter Stanton A Co . New York. 105"75 Parson, Leacli A Co., New York.102 00 with a like amount of 4 per cents.
L. A. Moran A CoMNew York ...105"29
denominations of $1 009, and will mature twenty years from
date of issue, §75,(00 being subject to call after 5 years,
* Bid was withdrawn.
Securities will mature 81/00 annually on January 1 from $125,000 after 10 years and $100,009 after 15 years. The re­
1913 to 1927, inclusive. For further particulars see Chron­ funding will he effected by Frank P. Hays, Lancaster, Mo.,
who will receive $5,' 00 for his services. The old bonds may
icle last week, p. 792.
New York City.— Bond Offer inti - Proposals wilt ha re­ be exchanged for the new ones on February 1, 1898, at the
ceived until 2 p. m. November 9, 1897, by Ashbel P. Fitch, Mississippi Valley Trust Co. of St. Louis.
Roscoe (O hio) Union School D istrict.—Bond Litiga'
Comptroller, for $314.m 0 3'2 egistered bonds as follows:
$300,000 consolidated stock, known as “ Plre Department Bonds” , issued under tion.—In the C hronicle May 15, 1897, we mentioned that
Sections 132 and 134. Act of 1882; Chapter 76. Laws of I8v4 as the $1,50 1of 6# 1-3 ' ear school bonds were not sold on May 8,
amended by Chapter'51. Laws of 1890. Bonds mature Nov. 1.1916.
1897 (the day on which bids were to be received), owing to
f 14,000 con sol Ida ert stock, known as "P o lic e Department Bonds” , issued
under Sections 132 and 13). Act of 188” ; Chapter 350, Laws of 1 92, pai ties opposed to the building of the school house having
and Chanter 495. Laws of 1895. Bonds mature November 1. lv*is.
Interest on above bonds will be payable May 1 and No­ procured an injunction pieventing the sale. W e are now
vember 1. Each bidder mnst deposit with the Comptroller advised that the Common Pleas Court has decided in favor
in money or by a certified check, payable to the Comptroller, of the district, but that the case has been appealed to the
District Court and will not be heard before next month.
i f of the amount of the bid.
Sandusky County, Fremont, Ohio.— Bond Offering.—
Niagara Falls, X. V.— Temporary Loan.- On October 8,
1897, th-: city negotiated a 4% loan of $8,5"" with the Bank of Proposals will be leceived until 1:30 p. m. October 30, 1897,
Niagara. We are advised by S. F. Arkush, City Clerk, that by John Fangboner, County Auditor, for $2,550 <o% ditch
the note was issued in anticipation of taxes and will be taken bonds, as follows :
1390 Anna Diels ditch bonds, maturing one bond o f $65 semi-annually from
up before November 25, 1 8 9 7 ,
January 1.18 -8. to July 1, 1' 00.
North Tonawanda, X. X.—Bond Sale.—On October 23,1897, 2,160 Jacob Cramer ditcli bonds, maturing one bond of 8360 semi-annually
from January 1,1898, to July 1,1900.
the $li ,000 5/ market bonds were sold at auction to J. H.
Rand, North Tonawanda, at 103’25. Bonds will matti'e
Bonds are issued pursuant with Section 4,4-79 Revised
October 23, 1912. For farther particulars see Chronicle Statutes of Ohio, and will he dated November 1, 1897, with
October 16, 1897, p. 746,
interest payable semi-annually. Both principal and interest
Odell. 111.—Bonds Authorized.—W e are advised by J. D. pavable at the County Treasurer’s office. .
Pound, Village Treasurer, that the $6,000 bonds for a waterSanford, Fla.— Bonds Proposed.—The City Council has
work's system lecently voted will not probably be offered for under consideration an offer of an Atlanta contractor to
sale before next summer. The bonds when issue-1 will be in build the proposed school houses and to accept in payment
denominations of $l,0f 0. with interest at 5£. payable annually $ 0 /0 0 of city bonds at par.
on July 1. Principal will mature one bond annually be­
Scranton, Miss.—Bonds not S<ld.— We have received the
ginning July 1, lliiil.
following from J. D. Clark. ActiDg Mayor, in reference to
Omaha. Neb.—B nds Defeated.—The resolution providing the $25,000 of 6£ water-wo'ks and eleetric-light bonds, all
for the submission to a vote of the people a proposition to bids for which were rejected August 30, 897 :
issue $300,100 bonds for a new high school lacked the neces “ Above bonds are not yet sold owing to the yellow fever
sary two thirds majority when voted upon at a meeting of scare ; all negotiations are terminated until after the frost.”
the Board o f Education on October 20. 1897.
Air. Clark adds that the bonds are still on the market to be
Orange, Texas.—Bind Offering.—Proposals will be re­ sold at private sale to the highest bidder. A description o f
ceived until November 10, 1897, for the $11/00 8% water­ bonds will be found in the C h r o n i c l e August 7, 1897, p. 249.
works bonds recently approved by the Attorney-General.
Sevier County, Tenn.—Bonds Proposed.—Press reports
Principal will mature in 4’1years from date of issue.
state that the question of issuing $40,000 road bonds is being
Overpeek Township ( Bergen County) School District, agitated, and actiou on the matter may be expected at theRidgefield, X. .1.—Bond Sale.—The district has sold two $50 / January term of the county couit.
6? to year bonds to M. A. Whitcomb, Norwich, N. Y., at
Shelby, Ohio. —Bond O f (ring —Proposals will be received
102'50. These bonds are issued for the improvement of a until 12 m., November 1", 1897, by W . F, Sonnanstine, V il­
school-house and were sold at private sale. The township lage Clerk, for $20,0( 0 4%% sewer and drainage coupon bonds.
lias no indebtedness outside of the school debt, which Securities are issued in pursuance of Section 2,835, 2,836, 2,837
amounts to $12,600.
and 2,837 A of Revised Statutes of Ohio by an ordinance of
• Park County ( Mont.) Aldridge School District—Pored the Council passed October 6, P97, and by a more than twoBale.—The disirict has sold $1,500 6 per cent 5-year school- thirds vote of the people on Oct. 2, 1887. Interest will he
house bonds t.'i H. 15. Palmer. Helena. Mont., at par.
payable semi-annually on April 1 and October 1 at the
Pelham ( \ lllnge). X. Y.— Bands Voted.—By a vote of 6 to Treasurer’s office. Principal will mature one bond for $1,000
3 the village ant hom ed the Trustees to issue bonds not ex­ annually, beginning April 1, 1912. Bids mnst be accom­
cel ding $ 1 5 ,0 0 0 for road construction and improvements.
panied by a certified check for $50).

THE

October 30 isfc7.j

<HRO\' l«LE.

Shollsburg, W i s Bonds Voted —On October >8, '897, the
citizens of Shulisburg voted in favor of issuing p.OOO water­
works improvement bonds,
Sluter (City i. Mo.— Bond Offering.—We are advised by C.
D. Rodgers. Treasurer, that the $15,00' BS 5-20 year water­
works bonds recently voted will be offered for sals about
December 1. 1897. Interest will be payable sexni annually at
the National Bank o f Commerce, St. Louie.
Smith County. Texas.—isortda Approve i.—The AttorneyGeneral on October 18, 1897. approved for registration
$117,1X0 refunding railroad bonds.
Spencer, Mass.—Temporary Loan —The town has voted
to borrow
1, which loan will be taken by local investors.
Stevens County (W ash.) School District No. 5:1.— Bond
Sale.—In the C h r o n i c l e last w r e k w e m e n t io n e d th e sale
of the §6,5! 0 G; b o n d s toFurson, Leach & Co a t p ar. W e are
now informed that the interest on these b o n d s will b e pay­
able annually in November at the County Treasurer’s office,
Colville. Principal will mature in 20 y e a r s from d a t e o f
issu e , subject to call after 10 years.
Superior, Douglas County, Wis.—Bond Offering.- The
city is about to refund its outstanding improvement bonds,
including those due January 2, 1898. Tenders and proposals
will be received n - til December 1 .1897, by D. D Sinead, City
Comptroller, to be acted upon by the Common Counci*, as
follows:

839

Tampa (City ) Fla.—Bond Issue.—Regarding the issue of
$800,0t)-i bonds early in 1896 for sewerage aud street paving,
we have received the following from S. L. Biglow, C lerk:
‘ The City of Tampa has already issued the $30 ',000 bonds
referred to, and they are ready for delivery at any time,.
$50,0' o have been sold and delivered. The bonds are dated
January 1, 1808. time 25 years, at 67 interest, payable Janu­
ary 1 arid July 1 at the Western National Bank, New York
Citv. Principal and interest payable in gold.”
Thomps inville, Conn.— Temporary Loan.—The town has
negotiated a loan of §1':,000 with local investors in anticipa­
tion of the collection of taxes for school and town purposes.
Loan was authorized at town meeting October 5, 1897, and
will mature May, 1898.
Toledo, Ohio.—Bonds Authorized.—The Common Council
has passed ordinances authorizing the following issues of
5;; street improvement and sewer bonds:
$rO* S3 or less, dated November 0, 18P7. for paving o f an alley.
4,760 30 or less, dated September 14.1897, for improvement of Franklin Ave.
1,14* 70 or less, oaten October 12,1M)7, for improvement, or John Street.
?»7 or Jess, dated 1»etobsr 14, ISO?, for sewer No. 619 in Jefferson Street.
esyi-J or le*s, dated Seldom her 14. IS97. for improvement of alley.
2,ISO 96 or less, dated November 2,1897, for improvement of Huron Street.

Above bonds will bear interest at 5%, payable semi-annu­
ally, Principal of each issue will mature one-fifth annually
from 1898 to 19 2 inclusive
Trenton, Grundy County, Mo.— Bond Cal'.—The city has
called for payment on November 16, 1897, at the Bank of
Commerce. Ht. Louis, $87,000 5 per cent railroad bonds ma­
1.
Prop©?!*!* sett me forth the Jtiweti c u b price for which salt! Pond* or any ofturing July l, 1909? but subject to call at any time.
the same wlB Ns delivered to line oPf.
Victor (T ow n) Col.—Bond Sale.— On October 4, 1897, the
r£ . Prop®**}* swttmsr forth the* lowest price * lth H b $175,000 or » smaller
amr iiDt« I Mild -tmoi will be *xcbang*'*l with city tor special bonds instied under ?5 ,0.0 7:: water bonds were sold to Rhodes Bros, of Pueblo,
Chapter H . Law* o f
m WT.
X Bids f o r theparch * m of oof eaceedteg
af special bond* Issued Col., at par. Principal will mature in from ten to fifteen
under Chanter INI Laws o f i W t . oniU ed eaeefc* for 5 per cent o f the amount of years. For further particulars see Chronicle July 24, 1897,
bid to mmv>mp®ny the same, payable to the City Treasurer.
Ail bid* or m o p m m t§ m h t t ln x to sub-dlsdsi <n.» 1 and 2 shall specify the dale
and the numbsr appearing; on the bond*

The official uni ire o f this offering will be found elsewhere
among the ttdve tin went* in that Department.
Sweet Crass County ( P, 0. Big Tim ber) Mont,— Bond
Sale.—On October 25, 1*97, the $T ,w0 6 per cent gold bonds
were awarded to the Thomas Cruse Savings Bank, Helena,
Mont., at 109, Bonds mature twenty years from date of
issue, but are subject to call after fifteen years. For further
particulars see C hronicle of Oct. 2. 1897, p. 642,

NEW

LOANS.

N E W LOAN S.

SUPERIOR, WISCONSIN,
REFUND IN G

3

Victoria, Tex,—No yew Bonds —We ave advised by B. F,
Williams, Mayor, regarding a report that the city i s ’consid­
ering an issue of water-works bonds, that no bonds are to be
is-m-d for any purpose at present.
Ware, Muss.- Loan Authorized.—A t the town meeting on
October 27, 1897, the Treasurer was authorized to borrow
$8,1 "0 at f per cent, payable semi-annually, for finishing the
work of macadamizing South Street and for expenses at traprock station.

B D ** D ' .

ST. PAUL, MININ,

IN V E S T M E N T S .

NEW

YORK

CITY

OFFICE OF THE CITY COMPTKOLLEH.)

GOLD 3s.

St . P a v l . Mi .vs:., October 27th, 1 W , '
StfTMSCtW, W*?U0«tbl>#? 2*ffh, 1-HlrT
S o tir e to ow n e r* and b o ld e r * o f !« * p rov e
Nothee i» hereby given to all concerned, that the
m eat Bond* o f v o p e r io r . I>*o«l*** Count j . Common Council of the City o f St. Paul bus adopted
Price and Particulars on Application.
WlftvOJSftilt.
t§ rotOlKilon changing it* Financial Agency in the
T a k e n t t t i m Shaft U m . CUy o f mi potior* W i*c« uj»tfi,
is not* read y to r e f a n I its o a tsta n d tm ; Im p rov em en t City o f New York from the Chase National Bank of
bomb*.
til so a*'»4 due until January J&J, New York to the Hanover National Bank o f New
i& m . The hid* wifi b# r#ct‘siv«4 by tb# » n 4 e rm h g n « ii York City, where all obligations o f the City of Sb
to b« *ei«wi upon by (be Common Cooncil.s* follows.
Paul, payable at the Financial Agency thereof, must 7 N A S S A U
S T R E E T , N. Y.f
I. Bid* or p#of«tsMd*
U&i forth ill# towast ea*h
pr%r# for sbieb s I«t bonds or any o f ih# s k m will be i be presented for payment.
4 0 W A T E R ST., B O S TO N .
delivered m Hi# city.
J. J MtCAIlDY.
S. Bids i t * prof***»i*
forth ibe lowest prim*
City
Comptroller,
ft! w hich # 4 ? 5 . 0 0 II o r ft sm aller # iq « v»r ! o f said
§ 2 5 0 ,0 0 0 N ew Y o rk C ity ....... ....... .........
bond# will be e.«rf*a»ged with City for sheet*I honil,*
0 0 ,0 0 0 N y ack . N. Y ..........................,,...4 s
hfffM tinder Chapter DM. Is tt o f W im anjuktt o f iUDff
1 1 .0 0 0 C olleg e P oin t, N. Y . . . ...........,4 »
(obp*** f t sjM laws furnished on npplleati«m.i
1 5 .0 0 0 N ew tow n , N. Y . .................... ..5 s
:-3, Bids for the puret***# o f opt Mwadtror * l ? 5 » 6 .0 0 0 P lw m o n t, N. Y . .......... .
. ,.5 »
gt 1 0 0 , 0 0 0
00(1 o f special bona* Issued under Chapter lot utw*
4 0 .0 0 0 E ast P ro v id e n ce , R . 1............ 4 »
o f 1887, certified cbecki for 8 per cent of the amount
5 .0 0 0 Quiney, M a n ......................
4»
o f bid to- accompany the saan%-p*y«ble. to the City
0 .0 0 0 C olum bu s, O h io .......... ...........4*»
Treasurer; such bids to b® received for all or any o f
1 0 .0 0 0 H a rr is o n C oun ty, O h io ...........5m
said bond*-, and the bonds to be delivered on or be­
1 0 .0 0 0 N ap oleon, O h io ................
5s
4 C * BONDS.
fore
& f t h , $837,,
4 .0 0 0 P ortsm ou th , O h io .,..........
4. The elfy t m m r v # * the r i g h t t*» reject any or *11
1 0 .0 0 0 M e rid ia n , M ia s ........... ........... .6 b
bids.
9*20,000 duo D ecem ber 1. 1 8 0 0 ,
‘4 5 ,7 0 0 B ra d ford , P a ........... .... ........ 4 s
.*» Ail bid* or pfoBb#Ai» relating to sub -division* 1
*■20,000 d o r D ecem b er 1, 1 9 9 0 ,
F O R SAIHS B Y
and % hereof shall upeelfy the date and the number
* 2 0 .0 0 0 d o e D ecem b er 1, 1 9 0 1 ,
appear!or on the bw dt.
* 2 0 .0 0 0 duo D ecem b er 1, 1 9 0 2 .
% Bids and
will be received to atvorda«jee with the above wntliflon* until December 1st.
* 2 0 ,0 0 0 <loe D ecem b er 1, 1 9 0 3 .
3 5 a n d 37 V a ssa l! St., V e w Y o r k .
W m r and theft be openad nod acted on by the
In le r c e t p a y a b le .lo n e tend D ecem b er.
Cwmm.
1». IT nMMMh
CINCINNATI, O.
P r ic e , on a p p lic a tio n ,
City Con* p? roller.

R. L. DAY & CO.,

STATE

OF O HIO

Rudolph Kleybolte & Go.,

M U N IC IP A L BONDS.
E. C. S t a n w c o d & C

C. H. W H IT E
o

,

B A S K E H .9 ,

121 Devonshire Street.
B O STO N.
1.IH T* MKHT

BONDS

V M K

» m ,I € A T H M I .

and I N V E S T M E N T
SECURI TI ES.

& CO.,

BANKERS,
*1 fiA S S A D S T ,, S E W Y O R K .

$ 2 0 0 , OCfOGentral RR. & Electric Co,
(o f New Britain, Connecticut.)

1st Mortgage Sinking* Fund Gold 5s.

Bankers and Brokers,

Thl», road has direct connection with the City of
Hartford.
Mend for earnings to Oct, 1 ,1B»7, amt full deseripMon o f property.

10 I W Y T I t F D 'T l l * T itE E T ,

E. H. ROLLINS & SONS,

FEARON

& CO..

PH1LADELPBJA-

Iff H ill*

Rowian, Vina*,

SI 7 8 ,5 0 0
‘4 0 ,0 0 0
1 8 .0 0 0
8 ,5 0 0
9 ,0 0 0
3 7 .0 0 0
2 0 0 ,0 0 0

C ity o f S e d a lia , M o ................. 4H&
C oun ty ot JLake, Ind
...........5s
C ounty ot M isso u la , M o n t ....6 s
C ook C ounty, III., P a r k ........ 5 s
L ittle F a lls , Mini) (S c h o o l)..4 K »
C h a rleston , III........... . 5 s & 4 ^ »
S outh S ide E lev a ted ...............4 ^ s
(( liicag o F irs t M tge.)

M A S O N , LEWIS & CO.,
BAN KERS,
BO STO N : W o rth in g to n B id s ., 31 S tn to S t.
C H IC A G O ! 171 la , S a llo Se

F.dward I. Rosenfeld,
m U N I O IP ilfc . S E C U R I T I E S .
H Ig h -O rad e W a r ra n ts a S p e cia lty
Write or List.

No. (ili Broadway, New York,

THE

810

(HKONI

LE

[VOL. L X V ,

Wood County, W. Va .—Bond Issue.—The county has
Watertown, N. Y.—Bond Sale.—On October 27, 1897, the
$13,OK 47 bonds were awarded to the Railroad Commission­ issued $99,COO 5% bonds in aid of the Little Kanawha Valley
Railroad. Securities were taken by the railroad company in
ers at J09 08- Following are the bids:
payment o f the county’s subscription and disposed o f by them
RR. CommlMlnnora, Watertown. 109*08 I. W. Sherrill, Poughkeepsie......106*06
Watertown Savings Rank
... 107*00 Benwell A Everitt, New York.... 106*05 to the State Schoool Fund. Bonds are dated October 1, 1897,
Struct. W) tee A Co., Now York. .106*72 Wilson A Stephens, New York.. .105*81 with interest payable annually. Principal will mature Octo­
N. W. Harris A Co.. New York. ..106*04 Farson, Leach A Co., New York..105*59
Bdw.C. Jones Co.. New York...... 106*59 W. J. Hayes f t Sons, B oston......105*o > ber 1, 1927.
Walter St nton A Co.. N. Y........106 55 Whann A Sclileslnger, New York.105*12
Wyandotte (City), Mich.—Bond Sale.—On October 13,1897,
Geo. M. Hahn: New York —
106*£9 I)an'l A. Moran A Co., New York. 101*76
general deficiency bonds and $8,000 57 public light­
Jos E. Gavin. Buffalo....... ..........106*26 S. A. Kean, Chicago.................... 104*60 $6,000
Bertron A Storrs. New York........106*25 The Lamprecht Bros. Co.. Clev. ..103*92 ing plant completion bonds were awarded to The Lamprecht
Seymour Bros. A Co., New York.. 103*87
Jefierson County Savings Bank.
Watertown................................106*25
Bros. Co., Cleveland, at 104-096. Following are the bids:
Lamprecht Bros. Co.,
I Steel. Smith & Co.. Detroit.. $11,409 80
Bonds are in denominations of $1,000 and mature one bond The
Cleveland ....................... $11,573 40 I Diet?.. Denison & Prior, Ciev. 11.357 00
annually, beginning February 1, 1907.
Parson. Leach & Co., N, Y ... 11,630001 w . J. Hayes & Sons. Cl ev. . . H.102 77
Wausau, Wis.—Bond sale.—Further particulars are at Mason, Lewis Co., Chicaso. 11,191 98 |s. A. Kean, Chicago.............. U .lol 00
The above bonds are in denominations of $500, interest payhand concerning the $12,500 5£ sewer bonds awarded to
Farson, Le-ich & Co. of Chicago, at 101-912, as reported in ablesemi annually. Principal of the$6,0 )0general deficiency
the Chronicle last week. They are in denominations of $500, bonds of 1897 will mature in 5 yTears from date of issue and
dated October 15, 1*97, interest payable semi-annually at the the $8,(K10 lighting plant bonds will mature $4,000 in 10 years
City Treasurer’.- office. Principal will mature $2,50) annu- |and $4,0 >0 in >5 years from date of issue.
Youngstown. Ohio.—Bond Sale - On October 25, 1897, the
allv on October 15 from 1898 to 19 >2 in dusive.
Webster City, Iowa.—Bond Sale.—The city has sold $15,000 $1,400 5;f North Centre Street grading bonds were awarded
of bonds to the’ jEtna Life Insurance Co. of Hartford, Conn., to W . M. Wallace of Youngstown at 103-0393. Following
are the bids :
at par.
W. M Wallace, Youngstown. .$1,442 55 I The Dollar Sav. & Trust Co.,
Wheeling. W. Va.—Refunding Bonds Authorized.—On John
8. Bell, Hubbard............ 1,440 25
Youngstown......................... $1,426 00
October 26, 1897, the Council passed the “ Refunding Loan S. Kuhn A Sons, Cincinnati.... 1,140 00 I The Croghan Bank A Sav. Co.,
Pension F u n d ,
I Fremont ..........
.. 1,42550
Ordinance.” The ordinance provides for the refunding Firemen’s
Youngstown........................1.439 50 |The Citizens’ Saving A Loan
o f the loans of 1877, 1881 and 1885 at once, and for redemp­ C. M. Thurnauer, Cincinnati.. l .431 50 i Co., Mansfield....................... 1,410 50
Atlas
Nat.
Bank,
Cincinnati...
1,431
50.1
tion and refunding of Main Street, first series, loan and
Bonds mature $300 on October 1 of 1899 and 1900 and $401
compromise loan in 19a0; also to provide for the payment of
outstanding city orders, the outstanding unbonded Main on October 1, 1901 and 1902. For further particulars see
Street bridge loan and overdraft of the gas trustees. New C h r o n i c l e , October 9, 1897, p. 697.
bonds will be payable on or before December 1, 1931, at the
Exchange Bank, with interest at A%.
Arapahoe County School D istrict No. 2 (C ol.)—Henry
The indebtedness of the city, embodied in the refunding Neinhiser, Secretary. The following is the financial state­
ordinance, embraces the following:
ment of the school district November 1, 1897, compiled by
Bomls of 1877, amounting to.............. ......................................................$26,500 means of an official circular.
Bonds of 1881. amounting to...................................................................... 100,400
This district forms part of the city o f Denver.
Bonds of 18-fi, amounting to ......................................... ............................ 238,800
Bomls of 1860, amounting to ................................................................... 82,000
Bonds of 1890 i,First Senes Main Street Bridge)........................... ........ ,. 30.500
Accepted outstanding orders..
................................... .................. 22,200
The unbonded debt, of Main Street Bridge............................................... 15,000
9,600
Overdraft of City Gas Works...................................................................
.$525,000

Total

LOANS—
When Due.
4^28, . . . . , $7 5,00 0.............................
5a, ___ 4 0 ,0 0 0 .............................
R efunding B onds — 1897.
4 l2S, M&N, $125,000.. N o v . 1. 1917
Subject to call after 1907

IN VEST M EN T S

INVEST MENTS.

— ■■■■

Government a n d
Municipal Bonds
SOUGHT AND SOLD.
APPRAISEMENTS MADE OR QUOTATIONS
FURNISHED FOR THE PURCHASE. SALE.
EXCHANGE OF ABOVE SECURITIES.

PUBLIC SECURITIES
SUITABLE FOR

N. W. HARRIS & CO.,
BAN KERS,
3 1 N A S S A U S T . (B a n k o f Com m erce Bldg.)

SAVINGS BANK AND T -UST
FUNDS.

Farson, Leach & Co.,
C H IC A G O ,
1 0 0 Dearborn St.

BANKS.

Bi

FIRST NATIONAL BANK
O F M IL W A U K E E .
C A P I T A L ...................................... * 1 , 0 0 6 , 0 0 0
SURPLUS,
.
.
.
.
8 2 5 0 ,0 0 0

LISTS MAILED ON APPLICATION.

L I S T S ON A P P L IC A T IO N .

Bonded de >t N ov. 1. ’ 97. $240,000
Assessed valuation 1896.6,892,680
Assessed about 30"6 actual value.
P opulation 1897 (e s t,)... 35,000
Value of school prop. (est.)$600,o00

NEW Y O R K ,
2 W a l l S t*

Transacts a General Banking and Foreign Exchange
Business. Collections receive Special Attention.
OFFICERS:
F. G. Bigelow , Pres’t.
F. J. Kipp, Cashier.
WM. Bigelow, V.-Pres’t. T. E. Cam p , Ass’t Cashier.
F. E. Krueger . 2d Ass’t Cashier.

San Francisco.
The First National Bank
O F SA N F R A N C I S C O , CAL..

ADAMS & COMPANY,
BANKERS
DEALERS IN

I N V E S T M E N T BONDS,
Members of Boston Stock Exchange.

No. 7 Congress and 31 State Streets,

NEW YORK,
NEW JERSEY,
CONNECTICUT,
SAVINGS BANK AND T R U S T E E S

Investments a Specialty
W IL SO N & S T E P H E N S ,

BOSTON.

UNITED STATUS DEPOSITARY.
C a p ital, 8 1 ,3 0 0 ,0 0 0 I S u r p lu s,
$ 9 5 0 ,0 0 0

3. G. Murphy , President, JA8.K. Lynch. Cashier
Moffitt, V.-Pres., J. K.M offett, Ast. Gash
General Banking Business. Aooounta Soliolted.

Canal Bank,
N E W ORLEAN S, LA .
(Successor of N. O. Canal & Banking Co.)
C A P IT A L , $ 1 ,0 0 0 ,0 0 0 .

J. C. MORRIS, President. EDWARD TOBY, Vice
„
Pres. EDGAR NOTT, Cashier
Correspondents—National City Bank, Natlona
Bank of Commerce, New York; Boatmen’s Bank
5>t xjouis; N. W. National Bank, Chicago; Mer­
chants’ National Bank Boston

41 Wall Street, New York.
SECURE BANK VAULTS

W HANN & SCHLESINGrER,

NEW YORK

MUNICIPAL

Stre et Railway Bonds.
Union Railway
Westchester Railway
Stciiiway Railway -

BONDS.
*

W A L L STREET,

NEW

-

5s
- 5s
*
6s

And Other Choice Securities.
YORK

W. J. Hayes & Sons,

Edward C. Jones Co.
1 Naasan Street, New York.
Philadelphia.
Cincinnati.

GENUINE

WELDED CHROME STEEL AND IRON
Round and Flat Bars and5-plv Plates and Angles
FOR SAFES, VAULTS. &C.
. ,
Cannot he Sawed, Cut or Drilled, and positively
Burglar Proof.
CHROME

STEEL

W ORKS,

Kent Ave.. Reap & Hooper 8ts.
Sole Man’f ’ers in the U. S. B R O O K L Y N . N . V

BANKERS,

Blodget, Merritt & Co.,

DEALERS IN M UNICIPAL BONDS,

BANKERS,

Street Railway Bonds, and other high-grade in­
vestments.

16 Congress Street, B oston.

BOUTHERN INVESTMENT SECURITIES,!

STATE, CITY & RAILROAD BONDS.

M o n tg o m e ry , A la .

BOSTON, MASS.,
T Exchange Place.

C leveland, O hio,
3 1 1 - 3 1 3 Superior S t.

C a ble A d d r e s s , " K E N N E T H . ”

A. Strass burger,
STOCKS &

BONDS B R O K E R