Full text of Commercial and Financial Chronicle : September 12, 1896, Vol. 63, No. 1629

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Quotation Supplement (M
onu^ Street RailwaySupplement 4^ )
Invasions Supplement ($**$ State and City Supplement
! Kuwre 1 tM>r liu 4 t > \ ;t if d ) a

v

o

l

.

m

ia ta » y e \r 139$, b y tM W i l u a u B. D in a 0 ) » m

, in the offl.ee o f the Librarian o f Congres ,

SATURDAY, SEPTEMBER 12, 1896.

.

%iu dxcouicle.

NO. 1,629.
irevh en.iln.j Sept. 6.

CBfiHojW a t —
New fo r i;....----P»SJ*<Setpbia,....
I3i£.-l>ura..^.....

ferfflii at *4ai|i«Jrlptioo—I'aysttie le Ail ranee:

issa.

J

I8 » j

UHl

477.sk,83! 1 5 i 3,?55-3 ad.| - 1 2 2
oy/n»j m i
-17‘3

|S|

"

•-

1803.
890,785.187
00,006.103
10,057,271
12,247.738
8 <83,1.47
l,lt0.240
1.560 015
041 725

-1 2 8

f o r o n e t e a r . .«#»** »»»**# ■mub'iit*»•*■»*#**• •••**%•*-«»»»» «•»»*» f i o 00
13.18 ,16*
b.yiai.aoAP ot Six MoathJ. .a**> ..»***
.-.««*»
e oo
1*59*8 :/:i
E tropean daoidrlpU on liacittding p o sta g e )..................... 12 00
Wo.* illusion......
1.^7,120
Rochester...,,
E iropean 3 a b * o «n t!o n S it Month* lin e lo ffle * p osta g e).
7 00
8W.7M.
8jm
e
u
te
,.........
A usual 3ab*owptlOB <.a LonUoa •laoiallw * p o tt a g e ).. . . < 2 tOe.
S c » a t o a ,„ ,.,....
S it Mo*.
do.
do.
S o.
10 *.
8*1.185
Wilmington.......
-1 3 7
r*visar<>*r S cftl.K X B sr w ill be fatninhed u rilh oitt «*4ra t k a r y t Blsjebaiatoa.......
” —181
<80,011 395
55S.IM5,
ft every annaai su bscriber o f Ihe C O * * RBCSIjU. aio > FtStsCtfitj
ToUJ Middle.
C m toxtct.*.
59.1C8 880
n . t r t lor;
The srtr r . t t o O ix r B a r r u t m m HIM »!** be fttfdisked wKWUl Boston,,..*,
3 43 ,600
•V u->»
ProvUttnoe..*** •
*TIra th< tr# c ttt every fUbsflHbAr Of the CttkrtWtCWS,
1.610 K 2
The St * »* T R ah-W a T «*riTt-R*15’fT trUlftkowIM bo fa m ish ed m i(h - Hartfcfd...........
1,147,816
! k'r. ?3i|
N t » Haven___ ....
1,004,540
o u t e te im e i m * ) * to ever- ham ribe*? « f <*• nMMMttfUt.
mtiurBel4....... ...
I F F
The O c o r *7 1 0 . BOfiH.KSJe.VT. tssned inuonthif. Will aiao he fa m ish ed Woreetter...
l,l*'8,-^4
i.—j.i-;
*UAou< o i r a «A irp . t o every
fiber o f the thtSovtCLK.
....
<42 301
4u0,277
ss*,«w
File cover* * r « ‘ .old at 5 0 M at* e a c h ; po*<«!«# on the sam e if. 18 Kail River.. .....
010 017
750 TO0
stkjovi
•«*
aont* P)ie eo»“ ,r for supplem ents cats be
.idle* for 05 #SSta or Loweii -321,0 6
St.-.'Ml
8W.li0
Ne* Bedford... .
maiisfl fo r eV oen U .
—
83.388
09,507,681
~
w
..-u
.s
'
Tot*! New n m .
'terms of Advertising—( ft** inch spkrio).
js .a -is-ci
C m m «*>».. ...*•• 1« 818 «10
« .IJ *M
00.0
....... „ ............. ........... *3 50 j T M » ’ .'ronths (1 ? tim e s)..*2 5 00 ClaoitmaU..........
O + e fo n tb
it t lff iM ) .. llO O f i S o o t t J
(* a ** ) .. *0 00
Detroit•••• •
d. U7.131
* , & M on tia
(8 •• ) . 18 0 0 1 tV a lv e Month? 152 "
) . . 58 00 Cleveland..
i 3.W.S8I
**M *
■- a* s.bave term* for one month sttd upward art: for standing card*.) Miiwettite#,...*-*
3t.*
68 0
Gfilftai*a*. .... ...
1 3 «,7-t3
v
:i".
?:V
IndtiumpQH*
P eoria......
M essrs. S d v u s u i A 3 * m i , 1 D rapers' ( i i t t m n , B. C.. will take ro b ' Toledo— . ...
884 084
789,481
ssriptionsand »<ivertt**r»"n’® , and supptyt.ngle oopieaof the paper Grand Rapid*
38 .2-1
220.00$
Lexington- . . . . . . . .
a , l*. eaoh
S
flM
Ksianiwoo..,* •••*■
17« 8ri2
80,000
W IL L I %U B . D t V A C O 'i f 1N Y , P u b lish e r* ,
AXroa,
216,306
8 2,088
P i n e * t r etr t, ‘( ’o r n e r ' b ' t P e a r l S t r e e t ,
180,000
1 *0.261
160. 6 »
120,144
• Otuo...
P »*t OvrtCk B o * 95 8.
NEW l 'o m .
115,764
102.800
C an ton ,,....,. .....
Hatton*...------ ■
® i 9 ,0151 -0*3 121.007 051
97,941,704
Tot. Mid. We»t*r
G L 8 A R 1 N Q
U S E
R E T U R N ’S .

ill
±%t

Wit

ftSi

■ .I .IU

Lon**t» Agent*:

Mfc:.:::

fro

T h e fo l l o w i n g t a b le , A T le u p b y t e le g r a p h , O t a . , i n d i c a t e s
th a t t h e t o t a l b a n k c le a r in g * o f a ll th e c l e a r i n g h ou se s
o f t h e U n it e d S ta te s fo r t h e w e e k e n d in g t o -d a y , S e p t. 12,
h a v e b o o n $794.*2:. n .T .U , a g a in s t J851.153,323 last w e e k an d
$ 1 ,0 1 8 ,3 1 1
th e
w e e k o f la s t y e a r ,

-an

corresponding

OuiAMEinit
(Ut%*m Sv ItU o n p h .

1*95.

T trC m l

St boats ........... ...... ........
N o* Orleans...................

»3+1,093.727
52.270.509
44^03,101
lo is s i.o is
S8.3U.219
17.011.SH
5.93V .97!

tl73.401.036
74.011,018
57.719,310
9 519.535
70,433.532
31.471, US
6.3*0.578

-27-S
-39-4
-3 3-1
4-30-0
-17-3
-2 0 H
4*X0'3

Ssven ettlas, 5 rtsys------fX hsr onies, » ilsys..........—

« j3 i,« 2 ,3 < a
114,073,429

*9711.941,043
131,019,371

-26-4
-1 2 0

Total sis Olilss, 5 days
All o m ««, l day
......... . .

M4S.49S.80t
H».7!>9>S7

•S842.D )fl,713
175.»85.'.<:i*

—23'4
-16-4

*784,'195.791

**;,018,849.2S1

—22-0

N s* Y ork...... ..............

Total all ettis* lor * « » k .

Bm

•
Helena...................
Tacoma . . . . . . . ----Seattle-.........
sprskane.,.,..

T h e fu l l d e t a ils o f c le a r in g s f o r t h e w e e k c o v e r e d b y th e
a b o v e sta tem en t w ill be g iv e n n e x t S a tu rd a y . W e c a n n o t,
o f c o u r s e , fu r n is h th e m t o -d a y , b a n k c le a r in g s b e in g m a d e
u p by t h e v a r io u s c l e a r i n g h o u se s a t n o o n o n S a t u r d a y , a n d
h e n c e in t h e a b o v e t h e la st t w e n t y - f o u r h o u r s o f th e w e e k
h a v e t o b e in a ll c a s e s e s t im a t e d , a s w e g o t o p re ss F r id a y n ig h t .
O u r u su al d e t a ile d fig u r e s fo r t h e p r e v io u s w e e k , c o v e r in g
t h e r e tu r n s f o r t h e p e r io d e n d i n g w i t h S a t u r d a y n o o n . S e p t.
8, a r e g iv e n b e lo w , a n d w e a ls o p re s e n t t h e r e s u lt s f o r th e
c o r r e s p o n d in g w e e k in 1 8 9 3 , 1894 a n d 1893. In c o m p a r is o n
w it h t h e p r e c e d in g w e e k th e r e is a n in c r e a s e in t h e a g g r e g a t e
e x c h a n g e s o f a b o u t o n e h u n d r e d a n d f o u r a n d a q u a r t e r m il­
lio n d o lla r s , b u t a t N e w Y o r k a lo n e t h e g a in is s i x t y - o n e
m illio n s . C o n t r a s t e d w i t h t h e w e e k o f 1S95 th e t o ta l fo r
t h e w h o le c o u n t r y s h o w s a d e cr e a s e o f 10*5 p e r c e n t . C o m ­
p a r e d w it h t h e w e e k o f K 9 4 t h e c u r r e n t r e tu r n s r e c o r d a g a i n
o f 9-2 p e r c e n t a n d th e in c r e a s e o v e r 1893 is 16 9 p e r c e n t .
O u ts id e o f N ew Y o r k t h e d e c r e a s e fr o m 1893 is 8 3 p er c e n t .
T h e d e c lin e f r o m 1884 r e a c h e s 8*8 p er c e n t , hu t m a k in g c o m ­
p a r is o n w it h 1393 t h e g a in is se e n t o b e 12*9 p e r c e n t .

18.884. *00
1.0 7 0 fl«0

1,0.3.78b
886,152
786.364
400.646

i. m &yo

ls>* Aa«elea....

S S fL iw u .::::;:;;
Total Pacific..... “

i r « * En llnj StvltmSur 12.
1*98.

‘?:W

Francisco......
mm
LttitecHr.*.*..
Port la n d ,.............

Kaa*a« C ity.........
Mirmeapoh*........
Omaha----- au p »ai....... .
Denver .... ...........
p«»5»o*ort..

tm rn i
m sn

} 08.753

77763.251 ‘ 17*91 w o ;
0.
7,1 ln.uie
7,20 .212
3.73^286]
8s«0 M ®
Z M U M ij
2,3 71*0-^7
l,3l|,|00j

0138^857

fte * Moloe*.
•
0ion* C ity.... .....
Lincoln.
Wichita.................

Keo O t ic _____ _
Little “ oclt.
JacksonrlUe..,, ..
Cbaft aooot . .... ...
Total Southern
Total all... .....
Outside N. York

300.139!

i
}

H i «22

5.vff0.i»* l\

s

2.67« OV.
1.760 W )
1.182,8-3
l.c«Lh22
1-63,4*8
m n sm

7*2»W4
m *,i7A

80,354
7 4 3

7.461 049
4 2iM 5

« /e-|, Hilf,
2,800,150

8 04N04O
2,223 732
1,079.606

1,473.320

1,454 022

050, J-7
67M5S
»60. W’“

**2.86*4
84,041

32,428 040j
80.702 1 Pi
6,t3v.T77f

m
l«sai
609,232

61 775.

Pre m oaL,„.,iM **.
Harttna*..,...... .
Tou other West
New Or leant........
Lotti#'Fl!Ie,,».........
QslTextnn...............
Houston
Savannah..
Richmond..
Memphis..
Atlanta.....
Dallas......
Nashville..
Norfolk.... . . . . . . .
Waco.......... ......
*ort Worth........
Amsr«*ta. ....... ..

877,476
808.889
124,305
1 4 993 j
18,777,602 -1 * ^ 1 9 1 6

4Wotl: .

um y

29,209,300

& 2.777

353 300
8* 0 3 5
I f J i§
hi 214.
__ 64.3b?
22 SSMS7

mm&ml

ftsas?
2.iU.5('i:
I
3
1,
l,0iM ;u

?r;H

403,178

72 ,86->
287.630
37S».71H

55,710

tm sm

ai«,«u

83».34i

m ouo
£0,016
9t0 '
851,182.223

Mootreal.. .... ...
roronto...... ....
Hail fa*............. .
Winnipeg..........
Ham ilton,,..,....
Total Canada..
Not Included I D to(al«.

180.00V

. -^ S ffiy iss
sw y sss H

951,070.007

r4rf>?.3lj7«5i

727 011,598

;i w 57 .« o6

s’”
+8-9

w

- W .i 11.203

g.+W.MI
(.3 7.H )
1,888.&)#
81" .8-0
•m 10"

10 031.088

780.793

422

the

c h r o n ic l e .

THE FINANCIAL SITUATION.
Although there of course will be no let up in the work
done for sound money, but rather a steady increase,
the prevailing opinion with reference to the election
o f Major McKinley has of late become much more con­
fident. The character of the Vermont vote did some­
thing to aid this sentiment and the nomination of the
Sound Money Democratic candidates has done more,
for the prospect is that Messrs. Palmer and Buckner
will receive a large support in several doubtful States.
But in addition to these matters the reports with
reference to the situation of the Republican Party a?e
that the desertions have proved, whenever canvassed,
to be small where the fear was that they might be
large; and as a rule that more Democrats are discovered
who will vote directly for McKinley than Republicans
that will vote for Bryan. In brief, the information
from every source and direction has a favorable
aspect, and this change is reflected in all our
markets. At the same time speculative operations do
not seem to us to be timely or to promise beneficial
results. High prices for securities make a market for
timid capitalists to sell on, and would not be conducive
to the best interests of the country. We are not yet
wholly out of the woods. It is well to feel encouraged,
for there is good reason to be. But the fight is not
o v e r ; thus far “ we have scotch’d the snake, r ot
kill’ d it.”
Au important financial event of thi3 week has been
the advance by the directors of the Bank of Ragland
o f the official rate of interest from 2 per cent, where it
had stood ever since Feb. 22, 1894, to 2£ per cent. It
is stated by the “ United Associated Press” that the
advance was made for the purpose of stopping the out­
flow of gold to Russia and to Austria, and not to the
United States. Be that as it may, it is interesting to
note that this rise followed an advance on the previ
ous day in the price of bar gold to 78 shillings and of
American Eagles to 76 shillings, 7£ pen ce; further­
more, that the losses of bullion by the Bank since
August 20th amount to £4,753,924; and fioally,
that
the
Bank of
Germany raised
its rate
« f discount last week to 4 per cent.
It is
n ot probable that the action of the Bank of England
will have any special effect on the extent of our gold
imports this season. As we have shown in these col­
umns on previous occasions, the current gold move­
ment is primarily a trade matter. The business de­
gression induced by the free silver crusade has led to
such small imports, that the large exports, always a
feature
at this
season of
the
year,
leave
a considerable balance to be settled with gold
o r securities. As Europe has recovered from its
fear of free silver, and sees a prospect of sound money
being established in the United States, it has no
securities to sell od the present occasion, and consejuently gold must come unless the Bank of England
should raise its rate so high, which is not at all likely,
as to induce the transfer of capital from America to
London to avail itself of a better return. Some of our
readers would like to be told how big this movement
•of gold to America will be. We know nothing definite
on that point, and would not give a fig for any man’ s
opinion. The problem is enveloped in more than the
usual uncertainty this year.
Another feature of importance was an unsettling
fall in the rates for foreign exchange Wednesday
^afternoon, caused £ b y a pressure of
bills and

[vou Lxm.

an absence of demand. The decline was great­
est in long sterling, reflecting large offerings of
commercial d rafts; those against cotton it was sug­
gested may have been forced upon the market by the
disturbed financial conditions at New Orleans, due to
the failure on Wednesday of the U nion National Bank
and of the Mutual National and the Bank of Com m erce
since that day. The advance noted above in the discount
rate of the Bank of England had no material influ­
ence. It did not in the least affect the movement of
gold to America. Thursday £396,000 in coin and
£60,000 in bars were taken for shipment to New Y ork.
This week the engagements are said to have aggregated
$4,835,000. The arrivals during the week have been
$16,078,050, including the amounts brought on F r i­
day of last week by the St. Paul and the Campania.
The net gold in the Treasury shows a steady gain.
The official figures reported on Saturday last gave the
net gold at $102,490,035, and there was an increase by
Thursday night to $108,151,274, due to the exchange
of gold received from Europe for legal tenders. D e ­
posits of gold on that day at the Sub-Treasury were about
$2,700,000, of which $1,800,000 was exchanged fo r
legal tenders. Yesterday the deposits were $4,943,700.
When the vouchers for these deposits reach Washing­
ton the official gold balance will probably stand at
about $113,000,000. The largest importers of gold
have been Lazard Freres, who have taken $10,080,000,
all of which except $500,000 was secured on the C onti­
nent. Of this total $7,530,000 have been received,
leaving $2,550,000 still in transit to them.
What the free silver people are doing for the busi­
ness interests of the country, through the disturbance
of confidence caused by their proposition to debase our
monetary standard, is well illustrated by the stagnant
condition of the iron industry at the present time.
The “ Iron A g e ” has issued this week its usual
monthly statement, showing the number of furnaces in
blast; and the extent of the curtailment in the pro­
duction which it indicates is such as should attract
general attention. The iron industry is not improperly
regarded as a sort of barometer of our industries. W hen
the iron output is large, trade is necessarily active, be­
cause otherwise there could not be a well-sustained de­
mand for iron. A large iron output also tends further
to stimulate trade activity.
It means an in­
creased
consumption
of
ore,
of
coal
and
of limestone, and a very
heavy
traffic
over
the
railroads
first in
moving these materials
and then in moving the iron itself and its finished
products. Last year at this time an old-fashioned
boom prevailed in the iron trade, stimulated by the
revival in business which was then under way. The
present year things have been going from bad to worse,
because both consumption and production are being
restricted within the narrowest limits while the contest
for the maintenance of sound money is being fought to
a conclusion.
According to the “ A g e ,” there wa3 a further reduc­
tion of 28 during the late month in the number of
furnaces in blast, and a further reduction in th e
weekly capacity of 26,578 tons. During the last two
months, or since the Democratic Convention at C h i­
cago launched its platform, the number of furnaces
in blast hus been reduced from 191 to 145, and the
weekly product from 180,532 tons to 130,500 tons.
But production had been declining even before
July in fear of such action as the Convention actu­
ally took. I f we compare with the maximum fig -

CHRONICLE.

tires attained last November and December we find
that the number of active furnaces has dropped in
the interval from 242 to 145, and the weekly product
from 217,306 tons to 130,500 tons— that is, almost a
hundred furnaces have been reduced to idleness, and the
product has been diminished 86,806 toas, or at the rate
o f over 44 million tons a year. That this curtailm ent
has been caused entirely by the falling off in the
demand, and is not an attempt to coerce public opin­
ion, is evident from the fact that, despite the great re­
daction in the output, stocks have bean steadily rising,
being reported 958,431 tons September 1, against 896,364 tons August 1, 816,272 tons July 1, 785,943 tons
June l a n d 744,614 tons April 1. Fortunately all the
indications point to a sweeping victory for sound
money in November, and in two months more the
whole situation will change.
The season is now sufficiently far advaaced to enable
one to form a tolerably accarate idea of the character
and extent of the present year’s crops. On the whole
the situation mast be regarded as very satisfactory.
The Agricultural Bureau at Washington has issued
this week its monthly report for the first of September,
and with the exception of one or two of the crops there
is every reason to feel contented with the prospect. The
cotton crop is one of the exciptiona ; there the Bureau
makes the condition lower even than last year at the
same date and the lowest it is said in twenty-seven
years, the average being given at 64-2 for 1896,
against 70-8 for 1895. If these figures reflect correctly
the relative condition of the plant in the two years, the
crop would still be larger than that of last year, since
the acreage is nearly 13 per cent greater. A s a matter
of fact, however, no one can tell at this moment what
th e s iz d o f the crop will be, the conditions the present
year being exceptional and peculiar. With reference
to
wheat, the general average for winter and
spring combined is given as 74*6 against 75-4
last year, and this is taken to indicate a crop
of about 400 million bushels, or below the average.
The oats crop, too, will fall short of last year’s phe­
nomenal yield, the condition being reported at only
74, against 86; but as the crop is nevertheless estimated
at about 630 million bushels, there is no reason to com ­
plain. The other crops all have quite high averages—
rye 82, barley 83T, potatoes 83'2 and tobacco
81*5. The most important crop, corn, shows about
the highest average of any, namely 91.
The
following will furnish a survey of the general crop
situation.
1891.

1893.

1B£U.

C orn..................... 01-0

September 1.

1896.

1*95.
90*4

63 1

767

79'6

1991.
91*1

1890

Wheat.................... 71-6

75-1

83*7

71-0

85-3

96-9

75-5

B y #........................... 82*0

83 7

86*9

82*0

88*5

95-l

85*4

70-1

D ata...................... 7 4 0

860

77*8

74-9

78*9

90*7

64-4

Barley.................... 83*1

87*8

7l*5

83*8

87*4

94*3

78*6

Potatoes................ 83-2

90*8

62*4

7l*8

74*8

84*8

65*7

Cotton.................... 64*2

70*8

85*9

73*4

76*8

92*7

85*5

Tobacco....... ......... 81*5
B tw kw beat.........- 93*2

82*6
87*5

74*5
69*2

72*3
77*5

79-9
89*0

87*4
90*6

82*4
90*5

In many of the leading corn-producing States the
averages stand higher even than last year. This is
notably true of Illinois with a condition of 100 against
97 in 1895, Ohio 104 against 83, Indiana 106 against
86, Iowa 103 against 96, Nebraska 103 against 56 and
Kansas 89 against 86. In Missouri the condition is
reported at 85 against 111, and in Texas the product
will evidently be very small, as the condition is put at
only 40 against 107. Below wo furnish our usual com ­
parison for the leading .States.

42B
CO N D ITIO N

OF

1896.
States.

r-J
•**

r-l

CORN*.

1995.

1894.

j
5s*
Q

-4

July 1.

THE

July 1.

Septf.hbsr 12, 1896, J

98
94
SI
102
111
103
106
100
102
95
39
90
97
98

97
96
111
86
86
56
83
85
89
97
107
105
10S
82

106
107
115
90
100
76
89
75
87
95
113
no
113
90

92
105
109
104
95
95
91
90
96
97
118
98
96
87

1

5s
■5

Illinois................ 100
Iow a ... .............. 103
85
Missouri..............
Kansas................
89
Indiana............... 106
Nebraska............ 103
Obto. ................. 104
Michigan............. 104
Wisconsin........... 102
Minnesota .........
93
T e x a s................
40
82
Tennessee..........
Kentucky...........
93
Pennsylvania....
99

108
103
85
109
103
108
105
96
101
93
38
96
102
104

Average If. 8—

96-0

92 4 96*4 102*5 99*3

t

91*0

r4

A

f

1

78
40
70
45
80
15
70
55
51
60
90
89
75
85

75
45
S3
49
88
33
79
75
68
73
83
100
80
S3

99
100
101
96
96
96
92
93
98
100
94
89
90
82

63*4

69*1

95*0

I

Based on the foregoing figures the crop is estimated
at much the same figure as that for last year, namely
between ,2,100 and 2,200 million bushels.
Again the courts have interfered to stop the rate war
in the South. This time the intervention has been by
Judge Emory Speer, who, according to a dispatch in the
daily papers, has issued a mandatory order com pelling
the roads to restore rates. Tue alleged ground for
the order is that the reductions violate the third sec­
tion of the Inter-State C ia m e rce A it by discriminat­
ing in favor of one locality against another. We have
no particulars to show the nature of the order except
what the above-mentioned dispatch contains, and
the event alone can determine whether this latest
move will be more successful than the , preceding one.
Some further returns of railroad net earuings for J u ly
have been received this week, and in the following we
give a few of these in comparison with the result
for the same month of the previous three years.
-------- -------------July £amin&>.------- -...— ..

1898.
1896.
1804.
1*03.
»
i
*
t
Barf. Ced. Rap. k North. ,..Gm*s 316,1*4
204.H57
283,853
111.807
Net
75,050
148,108
122,702
Chicago k West MicM*Aa..Orri*s 143.976
*4*890
Set
24.815
31,550
13,578
Citi. Jackson 4 Mack....
55.001
ckmto
5*MS«
io.isS?
Net
10.430
12,081
‘i:»
Deui.lt law*. * Northern., Son 106.0*2
98.706
84.456
08.739
Net
1S.05-J
SJ.:wo
17,401
19.611
Flint 4 Pore Marunette. .. .Ores, 204.721
811,452
180,505
225.092
Net
49,949
5-5,0*14
iti.ij.i
55,002
Illinois Central............
1,508,53d 1,212,US 1,789730
Net ‘ W o
403.705
22S.S07
531.404
Mexican National,...,..,. ...Oross 421,015
320.122
315,433
193,17?
Net
127.750
120,208
vm
N. f , Oot, k Western ,***. .Cross im.m
353.441
389.7*1
a#s.o«i
Net
14731.2
11*.Id.*
134,012
138,571
Philadelphia &Erie, ....
3.MT78
m.mi
374,513
454,193
74,066
83.3H?
■%T
100,53*)
100,780
Pitumint * Western ....
100,0*5
msjm
265.971
Net
05,746
«
08,507
72.382
Pills. Vfranks. .4 A-h.....
154.100
196,237
112,753
158.5,33
Net
80 327
51,738
67.047
78.049
Toiralo * Ohio Central,.. ...Grow 107,130
177.0*4
100,886
105,483
Net
40,$04
02.308
62,270
57.631
Western K. X. ............ ..Groat 27*5.079
3*9.30?
309,050
303.316
Net
101,803
105.4*1
127.388
72,120
Money on call, representing bankers’ balances, has
loaned at 4 and at 6 per cent this week, averaging
about 5^, and the demand has been good. Th e m ajor­
ity of commission houses have resorted to the call loan
branch of the market instead of seeking time contracts
at the current high rates, and moreover many of
these borrowers, when the stringency first began to be
felt after the Chicago nominations, secured funds at
the then rising rates, and they now wish to bring their
average down by temporarily borrowing on call, hoping
that very soon time loans will grow easier. Banks and
trust companies quote 6 per cent as the minimum, but
they have little to lend, and the supply comes chiefly
from foreign bankers and from domestic bankers’
balances. Some time contracts have been reported
this week at 9 per cent for four months. The
foreign bankers have loane l more or less at 6 per cen t
for sixty to ninety days on a gold note. The quota-

424

THE CHRONICLE.

|Vo l . L X 111,

tibn for time contracts remains unchanged at 6 per actual business remained unaltered. The gold im ­
c e n t ai d a commission of 1 to 2 per cent, according, ports for the week have been stated further above.
Tne following shows the daily posted rates for e x ­
to the length of tho loan. Some of the bankers re­
gard the fact that there has been a little movement of change by leading drawers.
D A IL Y POSTED K AT ES F O R F O R E IG N E X C H A N G E .
paper this week as quite encouraging when it is con­
M o n ., T orts..
W e d ., T h u u ..
F rt ..
FBI.,
sider. d that since the stringency began there has been
Sept• 4. Sept 7. Sept. 8. Sept. 0. Sept. 10. Sept- H .
absolutely no movement in the city. A few of the up­
83
83-21*
82*
82*
83
5 60 days.
Brown B ro s...... \ S igh t....
85
85
85-4*
84*
84*
town banks whose business is such that their deposits
8
3
*
8
3
*
8
3
*
83
8
3
*
f 60 days.
85*
85*
85
So*
|
S
igh
t....
M
agoun
&
Co.
8
6
*
are not greatly disturbed, have ventured to buy some
83*
83
83
S3*
S3*
S60 d a y s .
85
85
85
86
85
N o. A m e rica . } S igh t....
choice
paper
this
week
at
9 to
10 per
84
84
83*
84
83*
f 60 days.
<
85*
85*
85
85
sb *
Q
M o n tr e a l......... i S ig h t....
cent, and there has been some purchasing by
84
84
83
83
84
(6 0 d ays.
3
85*
85*
85
85
85*
near-by
interior
banks
but
not
much
has o f C o m m e rce .. } S igh t....
O
a
83*
83
83
83
S3*
i 60 days.
has been taken in the aggregate. Rates for paper con­
85
85
81*
81*
84*
elh eim er & Co > S igh t....
83*
83*
d ays.
tinue to be quoted nominally at 9 per cent for the Lazard Freres.. \(60
86
If* 88 42 ** 88 24 **
85
S igh t....
83*
83*
83*
83
83*
ants’ Bk. 160 days.
choicest bills receivable. The movement of money to , Moerch
85
85
85
85
85
f C anada...... / Sight—
the interior continues large, and as the deposit line is
The market closed steady on Friday at 4 82$@4 83$
below the loans and discounts, banks cannot extend for sixty day and 4 84$@4 85 for sight. Rates for
much greater accommodation to their customers than actual business were 4 8 1 f@ 4 82 for long, 4 8 3 f@ 4 84
they have been doing. The city of New York has for short and 4 84$@4 84$ for"cable transfers. Prime
been borrowing this week at 5 per cent in anticipation commercial bills were 4 81$@4 81$ and documentary
of the collection of taxes, showing that the credit of 4 80$@4 80J.
the city is good.
The following statement gives the week's movements
The political event of the week in Europe has been of money to and from the interior by the N Y . banks.
the publication of the following joint note sent August
N et In terio r
R eceived by Shipped by
W eek E n d in g Sept. 11, 1896.
27 to the Sultan by the representatives of the Powers:
N . T . Banks. N .T . BanksM ovem ent.
“ We regret the events. They ought to cease imme$ 3 ,4 7 8 ,0 0 0 $9,322,000 L o s s.$ 5 ,8 4 4 ,0 0 0
4 9 1 ,0 0 0 L oss. 2 0 2 .0 0 0
2 89 ,000
diatelj; otherwise they will bring prejudice upon w o l d . . . . I .....................................................
T o ta l g o ld a n d le g a l t e n d e r s ........ $3,767,C 00 $ 9 ,813,000 L o s s .$ 6 ,0 4 6 ,0 0
Turkey and your dynasty.” This gentle remonstrance
Result with Sub-Treasury operations and gold im ­
is said to have been followed by the deportation of
Armenians despite the protests of the ambassadors. ports.
N et Change in
The issue of a 5 per cent Chinese loan for £6,000,000
I n to
O ut o f
W eek E n din g Sept. 11.1896.
B ank H oldings.
Banks.
B anks.
at 99 per cent is expected soon to be announced in
B a n k s ’ in t e r io r m o v e m e n t,a s a b o v e 13.767.000 $ 9 ,813,000 L o s s .$ 6 ,0 4 6 ,0 0 0
London and in B rlin. The Bank of England mini­ S u b -T re a s . o p e r ’ tn s an d g o ld im p ’ ts 2 8 .300.000 21,300,000 G ain . 7,000,000
mum rate of discount, as noted above, has been ad­
$32 ,0 6 7 ,0 0 0 $ 3 1 ,1 1 3 ,0 0 0 G a in ... 9 5 4 ,0 0 0
T o t a l g o ld an d le g a l t e n d e r s .
vanced to 2$ per cent, and the Bank of Berlin
The following table indicates the amount of bullion
and the Swiss banks have moved their rate
in the principal European banks this week and at the
of discount up to 4 per cent.
The cable
corresponding date last year.___________________________
reports discounts of sixty to ninety-day bank
Sept. 12, 1895.
Sept. 10,1896.
bills in London 1$ per cent.
The open market
B a nk o f
Silver.
Total.
Gold.
Total.
Gold,
j Silver.
rate at Paris is I f per cent and at Berlin and Frank­
£
£
£
£
£
£
fort it is 3$ per cent. According to our special cable E n g la n d ......... 42,721,027 ........
41,899,616
42.721.027 41,899.616 ....
131
384,855
50.17'*.3l9
81,207.506
81,214,142
50,014.290
131.228,482
from London the Bank of England lost £1,323,256 F ra n ce .......... 29,693.534 14,846,766 44,540.3- 0 33,468,601 15,598,399 49,067,000
G erm an y*
bullion during the week and held at the close of the A u s t.-U n n g ’y 20,023,000 12,824,000 41,847,000 21,298,000 13.163,000 34 466,000
8,004,00«’ 31 811,0- • 19,815,000
8,528,000 10,410,000 18,988, «*<
8paln
week £42,721,027. Our correspondent further advises N etherlands 2,634.00« *j 6.853.000 9,487,00t 4,285,000 0,893,00' 11,178,000
4 364,000
4,1*4,O'
*
2,909,338 1,454.667
2,7^9.333
1,894,667
us that the loss was due to the export of £1,320,000 Nat. Belgium *
T o t-th ls week 196.6P8.036 96.342.723 292,945.769 193,072,056 99,102,015 292,174,471
(of which £684,000 were to the United S ates, £510,- T o t orev w ’ h 198,431.407 96.774,246 295,205,713 193,430,304 99,390.491 292,820,99**
000 were Bold in the open market and £126,000 went
* r h e d i v i s i o n ( b e t w e e n g o l d a n d s i lv e r ) g i v e n in o u r t a b l e o f c o i n
n d b u llio n in t b e B a n k o f G e r m a n y a n d t h e B a n k o f B e lg iu m is m a d e
to Et'vpt), to £127,000 net sent to the interior of Great af^om
t h e b e s t e s t im a t e w e a r e a b le t o o b t a i n ; in n e i t h e r c a s e is i t
e d t o b e a c c u r a t e . a s t h o s e b a n k s m a k e n o d i s t in c t i o n i n t h e i r
Britain and to an import of £124,000 from Australia. cwlae im
e k ly r e t u r n s , m e r e ly r e p o r t i n g t b e t o t a l g o ld a n d s i lv e r , b u t w o
The foreign exchange market was dull and barely b e l ie v e t h e d i v i s i o n w e m a k e is a c lo s e a p p r o x i m a t io n .
steady until Wednesday afternoon when there was a
A GOOD V E N T U R E FO R A S IL VERITE.
8ha-p fall. On that day Brown Bros., Heidelbach,
Ickelheimer & Co. reduced both loDg and short half a
The “ Denver Rppublican ” of September 4th is subcent and the market closed weak with a reduction of one- stai tially corrt ct in stating that in our article of August
quarter o ' a cent in rates for actual business, compared 29ih we assured our leaders “ that free coinage in this
with Friday, to 4 82$@4 82$ for long, 4 83|@4 84 c<untry would immediately put us on a silver basis,
for short aDd 4 84$@4 84$ for cable transfers. On and that the silver dollars turned out of onr mints
Thursday the Bank of British North America reduced would be worth no more as coin than as bullion.”
the sixty day rate half a cent, the Bank of Montreal After that introduction tbe Editor quotes from
lowered long and short half a cent, the Canadian tbe article referred to, a few lines descriptive
Bat k of Commerce reduced long one cent and short of the silver dollars under a free coinage law,
half a cent and Lizard Freres lowered the sixty-day closing with this sentence: “ To-day dollars just
rate one rent and the sight rate half a cent. Rates like tt em are worth in London not to exceed 53
for actual business wete half a cent lower for long at cents.” Having done that he adds in full-face type—
4 81 J@4 82, while those for short and for cable trans­ “ the ‘ Ri publican’ will pay him (the editor of the
fers were unchanged and the market closed fairly C h r o n i c l e ) 90 cents apiece for a million standard
steadv, though rates for Continental exchange were i-ilver dollars coined by the United States Mint and
1-16 lower all around. Yesterday there were some delivered to our agent in Lot don at any time within
further reductions in the posted rates, but rates for 30 days from this date, and will repeat the operation a3

September 12, 1896.]

THE

CHRONICLE.

often as he may elect. Tnis offer is made in good
faith, and we shall be very glad to have it accepted
either by the editor in question or by anybody els*1.”
€>ne or two striking peculiarities will be noted in the
make up o£ the “ Republican’s” offer.
Observe what a shrewd financier the editor must be.
For onr poor farmers' and wage earners’ use, he is an
earnest advocate of dollars turned out under a free
coinage arrangement by the United States alone. For
himself the case is quite different. He does not pro­
pose to have dollars of that sort delivered to him under
his offer, although his party claims, and apparently
with the utmost confidence, that free coinage will
shortly be established in the United States.
He
boldly rej cts the medicine he is constantly urging
farmers and wage earners to take, la effect he says—
none of those free silver dollars for m e ; under the
the terms of my offer you must make your delivery
“ within thirty days fr o m this date,” before o f course
it is possible for Bryan to be elected and before a free
coinage law could begin its withering work. We say
that method is shrewd,— but is it quite straight towards
those poorer innocent men who believe with child-like
faith all that is claimed for the free silver dollar ?
Observe again, that the dollar the editor insists the
delivery must be made in is the dollar that President
Cleveland and his excellent Secretary, Mr. Carlisle,
have, after a desperate straggle, kept exchangeable
with the gold dollar all through the present Ad minis­
tration. T oey have accomplished this by the purchase
o f gold through bond issues in the face of hostility
the most aggravating that could be devised of the
whole silver party in Congress, some o f the more
prominent members of the party even going to the
length of threatening impeachment. Senator Teller of
Colorado was conspicuous for the bitterness of his
criticisms. And yet the editor’ s offer, as we have seen,
shows not only entire lack of faith in the free silver
dollar, but absolute faith in the dollar which President
Cleveland, with so much difficulty, and in spite of
the bitter opposition of the “ Denver Republican,”
Senator Teller, and their party, has up to this time
kept on a par with the gold dollar. Such discrimina
tioa against the coin free mintage is to give us affords
cold com fort to the more ignorant confiding believers
in the professions silverites have hitherto made and
taught. It is, too, a new phage in the silver con
troveisy to find that those higaest in the councils of
the party make their preference for the gold supported
silver dollar so public and decided. Take away the
gold reserve and these so-called standard silver dollars
would be worth but 53 cents in London, It is the gold
they are tied to, and not the silver that is in them, or
the fiat that is on them, which gives them any higher
value tnan the mere bullion they contain.
Notice once more that the editor of the “ Danver
R ipuoiiean” has gone wnolly outside of the subject
discussed to drag the Cleveland dollar into the contro
versy, as he himself well knows. We say well knows,
because the editor, in his introduction to his offer,
states that we were not writing about that dollar, but
abm t the dollar to be made under a system of free
coinage by the United States alone. Let as re produce
his words given above, for their meaning is unmis­
takable j his words are that the “ C h r o x ic l b ” assured
its readers “ that f r e t coinage in this country would
immediately put us on a silver basis and that the
■d rtr dollars turned out o f our mints would be worth
no more as coin than as bullion.” Consequently it ap­

425

pears that the editor, disregarding the whole burden
of our article, disregarding his own interpretation of
its purport, shuns his pet coin which he says we were
writing about, and goes out of the way to lug in this
gold silver dollar, and confines his offer to that. H e
does it too, notwithstanding the fact that this Cleve­
land dollar he insists the tender must be made in is
just like the free silver article in all important par­
ticulars except for this feature wholly outside of itself,
that it is tied to a gold reserve. We have heard before
that silver mine ownerB were partial to gold contracts
and used them in their private business. We did not
expect to get such a public confession of their weak­
ness and inconsistency.
But we do not intend that the editor of the “ Repub­
lican ” shall be disappointed with reference to this offer
wholly, so we propose to accept it with two or three
slight modifications which no doubt he will quickly
assent*’ to. One is that the tender shall be made in
free silver dollars as soon as Bryan is elected and the
mints are opened to silver. Of coarse the “ Republican”
will make no objection to that change, as all the lead­
ing silverites insist that Bryan is sure to be elected and
free silver to be established ; moreover, when he really
thinks of the affair again he will hardly care
to persist in having the Cleveland silver-gold dollar
for tender to the exclusion and discomfiture of the
coin which is the idol of his party.
Another modification we would ask is to have the
amount a little smaller. The matter at issue does
not seem to call for so large a ventare. In the East
we never put on such big bait to catch a minnow. Be­
sides, if we must confess it, we have not got a million
loose. At the same time, should the editor of the “ R e­
publican ’ decide that he must have the larger sum, a
million dollars or nothing, we think there is no doubt
that we can gratify him.
It is further to be understood that whatever be the
sum fixed, the whole of it shall be deposited by each
party in gold with some responsible trust company or
national bank in say Cincinnati or Chicago or in some
L mdon bank. We will be excused for making this a
condition. The Eastern prejudice is strong against
p-tying debtB or having them paid iu 50-cent dollars
and before entering into the undertaking we want to
be ensared of 90 cents in gold for each free silver dollar
we are called upon te deliver.

W H A T F R E E C O IN A G E A G I T A T I O N H A S
C O ST T H E S O U T H E R N P L A N T E R .
Mr. M cKinley in one of his recent speeches said:
“ I do not know wbat you think about it, but I believe
it is a good deal better to open up the mills of the
United States to the labor of America than to open up
the mints of the United States to the silver of the
world.” H is thought probably had reference to the
producer of goods and to the labor employed iu that
department of work; but the comparison is even more
pertinent if applied to the raw cotton of America and
its producer, fo r the opening up o f the mills is the
planter’s only hope, his single reliance.
We have been led to this subject to-day by the fact
that we publish on subsequent pages our annual cotton
crop report, containing as usual a review of the cotton
maunfacture of Europe and America for the year end­
ing August 31st. In preparing these figures and facts
we have been especially impressed with their teaching;
for we cannot but think that if the cotton producers of

426

THE CHRONICLE.

America would study closely the more conspicuous
features of the cotton spinning industry of the world
during 1895 9G they could not avoid the conviction
that their course with reference to currency mattars shows them to have been greatly lacking in judg.
raent, if money making was the object they had in view
in raising cotton. All have often heard the proverb
**penny wise, pound foolish.” It is a familiar ex­
perience which finds illustration in the conduct of these
cotton producers. While intently engaged in commit­
ting the country to a currency scheme for making 100
cents ont of 53 cents, which they fail to see is a mere
figment, they have neglected to secure the pound lying
just under their nose.
The greatest boon the planter could ask or have is
conditions which would make purchasers of his staple
eager and would keep up and if possible- add to the
demand for cotton.
In Europe the consumption
the past season has been active and has increased
materially; but in the United States, although the
outlook for the Bpinning industry at the opening was
highly promising, the producers of cotton have by their
own action, unwittingly to be sure, but none the less
truly, lessened the demand for this raw material, and
in such a way and to such a degree that according to
the prospect of to-day it cannot be active again until
after the November election, and then only in case
their pet currency scheme is frustrated. Southern
planters have thus during the past and coming seasons
allowed to Blip away from them from thirty to fifty
million dollars which they might have had just as well
as not. That is a large sum to lose, but the statement
seems to be an under-estimate, rather than an over­
estimate.
To illustrate what we mean, suppose our Northern
spinners, in addition to the purchases they have m ade
the last twelve months, should have been during the
whole year eager buyers and have taken in the aggre­
gate say 300,000 bales more of cotton than they did
take out of the United States crop. Had they bought
as much as they did during the previous season they
would have absorbed 483,426 bales more than they
have, and if the year had been a prosperous one the
consumption by American spinners would no doubt
have been developing all through the twelve months,
for the productive capacity of the spindles running in­
creased during the previous year and was on the in­
crease at its close. But the smaller figure will form a
basis for any calculation and is large enough- for our
purpose. The amount of the staple visible at the outports and the interior towns, say, May 1 1896 was 669,902 bales, June 1 it was 497,963 bales, July 1 it was
342,297 bales, August 1 it was 243,668 bales and Sep
teraber 1 it was 385,171 bales. This statement we give
only because it discloses bow near the point of ex
hauation the supply of cotton in America has been
running. If even the assumed 300,000 bales could
have been taken out of the stock, that stock August 1
would have been less than sufficient to meet the re­
quirement; and indeed ever since June 1 the assumed
additional takings, if deducted, would have practically
absorbed the entire accumulated supply in the United
States. Hence long before the close of the season, if
our spinning industry had been prosperous, instead of
sending the cotton to Europe at the price then ruling
because it was not needed here there would have been
a sharp competition between the foreign buyer and the
American buyer as to which should have the needed
American supplv.

[VoL. L x m ,

Of course if, as already stated, the American trade had
been growingly active as last year and as it promised
the first month of the current season to be this year,
the Northern spinners'1demand would have been im per­
ative and to a larger additional amount than the assumed
300,000 bales, and the European spinner would have
been forced back on the Liverpool stock many months
ago for his dependence. The Liverpool stock o f A m er­
ican cotton on September 1st has just been reported at
ODly 387,000 bales against 1,094,000 at the same date
last year. What might have been the effect on the
price of cotton of a more urgent American demand,
especially when apparent, as now, that the added demand
would entrench so seriously on the Liverpool stock as
to have absorbed almost the last bale, no one with cer­
tainty can say. As market conditions have ruled, low
middling uplands, notwithstanding the short supply,
were on the first of January below 8 cents and did not
go above that figure until August 20, being for a large
portion of July under 7 cents, with the highest figure
that month 7 1-16 cents; indeed the average for the en­
tire season,that is for the 12 months ending Sept. 1 1896,
was only 7 f cents. Such a low average with supply
so short would never have ruled had it not been that
business in America during almost the whole of the
twelve months was disturbed and restricted and latterly
almost paralyzed under an existing and developing mon­
etary dislocation, growing out of the threatened change
in our currency standard. Is not an addition of a cent
a pound to this average price a conservative estimate
for the increase in the ruling quotation if the cotton
goods trade, so favorably situated as it has been
in Europe, had been equally favorably conditioned
here?
Carry this suggestion one step further; passing the
old crop and the losses the producer has suffered in
marketing it while industrial affairs were so disturbed,
and turn the thought for the moment to the crop
planters have just begun to gather and market. Suppose
that when the new season opened old stocks of American
cotton in the world had been 300,000 bales less than
they were; that instead of so many N orthern spindles
idle with little expectation as affairs stand to-day o f
any immediate change for the better, and with stocks of
goods extremely large, almost beyond precedent at Pall
Iti ver and other leading manufacturing centres— suppose
that instead of these depressing conditions spinners were
everywhere busy and stocks of goods were very small, as
they were a year ago, can any one doubt that the planter
would be receiving for the new crop a very much better
price for his cotton than he is receiving ? We ask those
who are most interested to consider this inquiry. As the
case stands planters have begun to throw their staple
on the markets, as far as America is concerned, with our
spinning trade so demoralized that every mill owner is
afraid to buy a bale of cotton he does not need at on ce;
with the standard of values so threatened that to make
important contracts to-day for future execution would
be doing violence to the methods and judgm ent o f
conservative managers ; with the large body of c o n ­
sumers and producers of all kinds of goods throughout
the country making little or no income and their in ­
dustries nearly if not quite paralyzed under the fear
that a “ boy orator” with his crude and almost com ic
ideas of finance may be elected President of the
United States.
It should be remembered, too, that depression o f
business here, as we have often said before, is
not by any means a home affair wholly. In proe-

S eptember 12, 1896.]

THE CHRONICLE.

427

perous times we consume a large amount of goods
THE WABASH REPORT.
made in other countries, so large that no single
The full report of the Wabash for the fiscal year
country has such an influence on the world of consum­
ers as America. Activity in the United States has ending June 30 1896 has been issued this week. As
sometimes given an impetus to industrial movements stated on a previous occasion, the results make a very
in Great Britain and on the Continent when other im­ decided contrast with those of the two years imme­
portant conditions were unfavorable, and business re­ diately preceding, and the exhibit must be considered
vival never can occur here without adding to the de­ on the whole a very good one for a year of rather un­
gree of prosperity existing in Europe. Our require­ favorable conditions. In 1893 4 the company fe ll
ments are large and are everywhere an important $671,765 short of earning its obligatory fixed charges
factor in the world’s commerce.
How this truth and in 1894-5 there was a similar shortage in amount
affects the cotton producers interests is evident. The of $542,906, but for 1895-6 there is a surplus above the
greater the industrial progress in the world the larger charges of $66,800, out of which the company was
is the consumption of goods of all kinds. If general able to pay a dividend o f 1 per cent on the Debenture
business had been prosperous in the United States the Class A bonds, calling for $35,000, and carry fo r ­
past year the presumption is that both Great Britain ward a credit balance of $31,800. While the improve­
and the Continent would have consumed more cottoo. ment follows largely from a recovery in earnings, it is
We do not mean that these additional takings would proper to Bay that in part also it is due to a saving in
represent the amount of cotton goods th e United charges j>y the conversion of $9,000,000 of old matur­
States imported from those countries. More than ing 7 per cent bonds into new five per cent first mort­
that; it would represent the added consumption every­ gage bonds
where because of the added prosperity. Suppose
have said above that the conditions in the late
Europe last year had consumed 6,000 bales per week year w°re rather unfavorable. This statement may
more than it did. That seems to be a reasonable need explanation in view of the undoubted fact that
supposition had business in the United States been the grain crops last year, taking the country as a whole,
active and prosperous.
Y et even 6,000 bales of were excellent, and the knowledge that these crops play
American cotton per week means another 300,000 bales an important part in the affairs of the road. But as
per year.
to one principal cereal, namely wheat, it happened
Putting all these statements together let any one esti- that in the Wabash’s territory the crop was poor. The
mate the less to the cotton producer because o f this free effect of this drawback is clearly revealed in the item ­
coinage agitation which, as we all know, has been grow ­ ized statement of traffic moved for the year. It
ing more and more threatening ever since the last season appears from this that the wheat tonnage in 1895-96
opened, and from which, as already stated, there can be amounted to only 175,990 tons, against 294,268
no decided relief until after the November election. tons in 1894-95. Here then there was a loss of consid­
Even after the election also it will take time for our in­ erably
over a
hundred
thousand tons in
the
dustries to get in shape again and running prosperously. tonnage
of
one
of
the crops
instead of a
Industrial activity cannot be arrested one day and set gain. But even this comparison tells only part of
agoing the next at the old high rate o f speed. The the story, for the decrease in the late year followed
reader must remember that even a cent a pound on last decreases in the years preceding too. In 1892-3 the
year’s crop of 7,162,473 bales, averaging 502 pounds, wheat tonnage amounted to 523,600 tons and in 1891-2
gives a total of nearly 136,000,000 But the loss, as we to 501,065 tons, as against the 175,990 tons for 1895-6,
have seen, is not confined to last year’s crop; it will thus showing a loss as compared with these earlier
extend even more severely through a good portion of years of a third of a million tons. Besides this, there
the coming crop as well and not unlikely to some extent was also a falling off in the flour traffic, the tonnage
through the whole year, because what is lost in the of that item having been only 83,217 tons in 1896,
consumptiop of cotton by our spinners the next two against 106,931 tons in 1895, and 150,814 and 153,972
months probably will not, even though after that affairs ton* respectively in 1893 and 1892. In cotton, too,
become prosperous, be made good during the suc­ there was a loss, the crop, as we know, having been
ceeding ten months. Then again the shrinkage in abort last season, though as a matter of course this is
the return for their product our cotton producers a small item of traffic with the Wabash ; the tonnage
have suffered is not to be measured by the decrease in for 1896 was only 21,362 tons, against 52,441 tons in
the demand for their staple from America alone ; for, 1895 and 51,054 and 56,868 tons respectively in 1893
as we have seen, if trade in the United Stales had been and 1892.
active trade in Europe would have been more active
In the case of corn there was nothing to complain
than it has been, and the consumption of American of as regards last season’s yield in the territory tra­
cotton by Europe would have been added to likewise. versed by the Wabash, and hence an increase in the
Hence the estimated decrement in profits the S mthern tonnage of that cereal is to be noted. But President
planters have caused themselves by their indiscreet, to Ashley well says that railway transportation interests
call it by no harsher name, free coinage movement have not yet derived the advantages from the im­
during 1896 will presumably be found in the end to mense corn crop of 1895 so confidently counted on.
have reached a larger total than even the higher figure The reason for the disappointment is found in the low
we have mentioned.
prices which have ruled and which still continue to
Changing Major M cKinley’s words slightly we have, rule. The road carried 673,279 tons of corn in 1895we think, a useful suggestion for the earnest thought 96 against 501,245 tons in 1894-95, but in 1892 93 the
of the cotton planter. " I do not know what you think corn tonnage amounted to 701,112 tons and in 1891about it, but I believe it is a good deal better for the 92 to 879,367 tons.
planter to help open up the mills of the world to the
On the whole, the agricultural tonnage for 1895-6
cotton product of America than to open the mints of was a little larger than for 1894-5, and of course indi­
the United States to the silver of the world."
rectly last year’s heavy crops have tended to augment

428

THE CHRONICLE.

fVOL. L X III,

the business of the road; but the point on which we $236,839 came under the head of Maintenance of Way
wish to lay particular stress is that as compared with and $54,118 under the head of Maintenance of Oars.
other good crop years the agricultural tonnage fell Comparing now 1895-6 with 1892-3 and 1891-2, we find
muoh below a full normal amount. What is true of that the greater part of the reduction in expenses has
this class of tonnage is true of other classes of tonnage— been under the heads of “ Conducting Transportation” ’
that is, they all compare unfavorably with the best of and “ Motive Power.’’ For “ Conducting Transportation”
previous years. The bituminous coal tonnage amounted the expenditure was$3,871,216 in 1896,against $4,506,to 1,353,148 toDS in 1896 and 1,414,580 tons in 1895, 658 in 1893 and $4,518,089 in 1892 a decrease of, roughly,
against 1,595,272 tons in 1893 and 1,530,720 tons in $650,000. Of course, with a smaller volume of traffic,
1892.
Of lumber and its products, the ton­ cost of moving it would naturally decrease, and be­
nage for 1896, though higher than for 1895, sides this, as we shall presently show, there has been
was much below that for either 1893 or 1892; and increased efficiency in the operation of the road. F o r
so we might go through the list and present similar motive power the expenditure was $2,496,141 in 1896,.
comparisons for various items of traffic. In general it against $2,932,828 in 1893 and $2,826,392 in 1892.
may be stated that while there has been a recovery from Here, too, legitimate reasons exist for greatly reduced
the low figures of the previous year, the tonnage has by expenses, first in the smaller volume of traffic moved,
no means got bqck to the amounts of other recent years. and secondly in a saving in the cost of fuel.
With reference to the maintenance expenses, which
The situation is well illustrated by taking the grand
aggregate of tonnage moved, where the total for 1896 will be most closely scrutinized, the outlay for main­
reaches 6,100,710 tons, against 5,811,557 tons for 1895, tenance of way was $1,701,055 in 1896 (after $L,464,but against 7,036,387 tons in 1893 and 6,928,051 tons 216 in 1895), against $1,934,704 in 1893 and $1,936,in 1892. Th'fc loss, as compared frith 1893, is not far 903 in 1892, and for maintenance of cars $936,645 in
from a million tons. Such a loss, however, is not sur­ 1806, $882,527 in 1895, $1,163,602 in 1893 and
prising, for, besides the falling off in the agricultural $1,287,647 in 1892. We may take it for granted that
tonnage, it is of course obvious that trade conditions the expenditures here were not as heavy as they
were not favorable to a heavy movement in the merchan­ would have been had earnings permitted freer
dise and general freight. There was a distinct outlays. A t the same time it is true, doubtless,,
revival in trade at the beginning of the late fiscal that some of the materials needed in making repairsyear, which gave promise of a largely increased traffic could be bought at lower prices, thus reducing main­
on that account, but this pleasing prospect was soon tenance expenses in that way, and then also with
dissipated under the steadily multiplying adverse de­ a smaller volume of business there would be less wear
velopments in the political and financial world.
and tear on the property, reducing the amount of
In the case of the passenger traffic, the unfavorable repairs required. As bearing on the equipment renew­
comparison with the earlier years is emphasized by the als it is worth noting that a good many cars havefact that aside from the depression in trade which has been destroyed during the last two years, while very
operated to reduce travel since then, the World’s Fair few new cars have been added to take their place.
served greatly to swell the passenger business in the We find for instance that the car equipment Juneearlier years referred to.
30 1896 consisted of only 12,747 cars, against 13,291
If we combine the paesenger and freight revenues, cars June 30 1895 and 13,875 cars June 30 1894.
we find that total gross earnings, while about seven- But as regards this, the report points out that 500
eighths of a million dollars better than in the year thirty-ton 34-foot standard box cars were contracted
preceding, were about
million dollars smaller for in March last for delivery in June, but, through
than in either 1892-3 or 1891-2. The figures are as unavoidable delays, delivery was delayed until after the
follow s: 1896, $12,807,143 ;
1895, $11,959,839; close of the fiscal year. The cars are now all in the
1893,
$14,220,444 ;
1892,
$14,389,331.
With service of the company. As the old cars destroyed
this contraction in revenues as compared with the averaged only about 12-ton capacity, these five hun­
earlier years, it is evident that the outcome for 1895- dred 30-ton cars, we are told, more than make the ca­
96 could not have been so satisfactory except for the pacity of equipment good. Payment for the same is
saving and economy practiced in the expense accounts. to be in thirty equal monthly notes of $7,024 96, theIt is a noteworthy fact that net earnings for 1896 were first falling due in August 1896. We presume the in­
actually somewhat larger than for either 1893 or 1892, tention is to meet these notes out of current earnings.
notwithstanding the great reduction in the gross earn­
We have alluded above to the economies effected in
ings as compared with those years. That is to say, operation as a reason for a reduction in the cost of
net for 1896 was $3,564,538 (in 1895 the total was only transportation. The report says that since January
•3,038,809) against $3,412,840 for 1893 and $3,556,- 1896, special attention has been given to the train ser­
804 for 1892.
vice, both passenger and freight, with a view to secur­
This makes an examination of the expenses interest ing a minimum of train mileage and a maximum o f
ing and desirable. Aggregate expenses were $9,242,- train loads. The success attending these efforts during
605 in 1896, $8,921,030 in 1895, $9,830,381 in 1894, the last months of the fiscal year, it is added, have
♦10,807,604 in 1893 and $10,832,527 in 1892. We been such as to foreshadow very gratifying results for
thus observe that there was an increase in the late the current fiscal year, “ provided that there is not
year after a steady and very decided decrease in the such a falling off in traffic as will nullify all practica­
three years preceding. The report says that the in­ ble efforts for economical operations.” A ny one
crease has been due to improvement of the properties, studying the traffic and train statistics cannot fail to
the cost of moving and handling traffic hav­ see that very much has been accomplished in that direc­
ing
diminished,
notwithstanding
the increased tion already. Thus with an increase during the
amount of work
done, and reference to the last two years of over 10 per cent in the freight traffic,
several
items
of expenditures bears out this the increase in freight mileage was less than one per
assertion, for out of the total increase of $321,575, cent.
As a result the freight train earnings have

^ S eptember 13.J1896.)

THE CHEONICLE.

risen from $1 22 per mile to $1 34. The expenses per
train mile having simultaneously been somewhat re­
duced, the net earnings per freight train mile, which
in 1893-4 had dropped to 15'95 cents, have in the two
years since then more than doubled, and for 1896 were
33 ‘96 cents. The train load in the two years rose from
175 to 193 tons. The latter ia not the largest in the
com pany’s history, but it is the largest with only one
exception.
The company realized on some of the assets still in
the possession of the old Purchasing Committee of the
road, and was able to reduce the amount o f its bills
payable during the year from #600,000 to #400,000.
We also notice a reduction in the amount of “ Car
Notes of Long Date” from #182,709 to #29,337. The
V ice President says that fuel contracts have been made
for the ensuing year, which, combined with careful
supervision o f its consumption, will ensure a decrease
o f at least #80,000 in the cost of fuel. He also says
that the increase in allowances for United States
mails, which were effective July 1, 1896, will amount
to #120,000 for the current year.

THE ST. PAUL

COMPANY’S EXCELLENT
REPORT.

N o one needs to be told the character of the Chicago
Milwaukee & St. Paul Railway Company’s annual re­
port for the late fiscal year. The year was a very
prosperous one, and every page of the report gives evi­
dence of the fact. In reviewing the report o f the
Wabash
Railroad
for
the
same
year in
a
previous article, we show that that road did
not derive the benefits expected from last season’s
excellent grain crops, and we also give the reasons
why this was so. But with the St. Paul road the
case has been different. There no disappointment as to
the crop movement was experienced. That road is situ­
ated in the spring-wheat district, where last season’ s
wheat crop was of unusual proportions and where the
wholeagricultural situation was exceptionally favorable.
Moreover, much of the mileage of the St. Paul lies
pretty well to the north, so that the corn traffic is not
of the same importance to it as to most other large
systems, making the failure o f the corn crop to move
in expected amounts, on account o f the low prices pre­
vailing, correspondingly less important.
The improvement is found to be very striking in
whatever direction we look. In the gross earnings the
increase has been 5J million dollars (#5,346,460), or
nearly 20 per cent; in expenses the addition has been
#2,633,055, or about 15 per cent; in the net #2,713,405,
or over 26 per cent. In the freight traffic the increase
has been 1} million tons (1,734,113 tons), and in the
freight movement one mile the increase has been not
less than 616 million ton miles, or but little short of 35
per cent.
In the surplus remaining on the year's operations,
after allowing for all expenses and fixed charges, the
increase is actually almost 100 per cent, this surplus
being #5,400,390 for the twelve months o f 1895-6,
against #2,796,886 for the twelve months of 1894 5. In
the previous year the amount earned for the com ­
mon stock, after deducting the 7 per cent on the
preferred shares, had been equal to only about 2
per cent. For the late year the #5,400,390 remaining
would suffice to pay almost 7J per cent on both
classes of stock. That the management are pursuing a
very conservative policy in the distribution of the

429

profits is evident from the fact that the directors this
week fixed the semi-annual dividend to be paid on the
common shares in October at 2 per cent, the same as
last April, making 4 per cent to come out of the year’ s
income. A fter paying this 4 per cent on the common
stock and the regular 7 per cent on the preferred shares,
there will remain a credit balance on the year’ s oper­
ations o f roughly #1,687,000.
While the road is situated in the spring-wheat sec­
tion, the improved results are by no means to be wholly
ascribed to the large yield of wheat. They follow,
rather, as already said, from the favorable agricultural
situation as a whole. This is an important fact to
bear in mind, because undue stress, in con n ec­
tion with
the
affairs of
this road, is usu­
ally laid on the outturn of spring-wheat alone. This
disposition is manifested in the discussions at the
present time bearing on the effect of a smaller springwheat crop-the current season. It is important to note,
therefore, that while the aggregate tonnage o f the
system the late year increased 1,734,113 tons, the in­
crease in wheat was only 356,131 tons and in flour and
mill feed only 73,588 tons, making 429,719 tons to­
gether. On the other hand if we take the agricultural
tonnage as a whole (including of course wheat and
flour), the increase is found to have been 1,051,680
tons. Some o f the principal items in this expansion,
aside from the
increase
in
wheat and flour,
have been barley 166,830 tons increase, oats 235,467
tons increase, corn 64,322 tons increase, flax-seed
107,703 tons increase and hay 28,957 tons increase,
thus showing that the gains have come from a wid e
variety of farm products, and that it is the general agri­
cultural prospect, and not the condition o f any one
crop (important though that may be), that controls the
outlook. The tonnage in agricultural products fu r­
nished 314 Per cent of the aggregate o f all kinds of
freight in the late year, against only 26’ 68 per cent in
the previous year, and this notwithstanding the ton­
nage in other articles increased 682,433 tons during
the twelve months.
N or must it be supposed that the wheat tonnage the
late year exceeded that of any other year. On the
contrary, though the spring-wheat yield in that section
is supposed to have been of unprecedented extent, the
St. Paul back in 1892-3 moved over 400,000 tons more
wheat than in 1895-6. In other words the wheat ton­
nage for 1896 was 1,091,874 tons, against only 735,743
tons for 1895, but as against 1,492,698 tons for 1893.
The freight tonnage as a whole for 1895-6 is aUo much
below that for 1892-3— almost 14 million tons
below. The totals for the last four years are:
1896, 12,210,055 tons; 1895, 10,475,942 tons; 1894,
10,794,058 tons; 1893, 13,453,349 tons. As explaining
the loss as compared with the earliest year, it is to be said
that besides a falling off in wheat there has been a
very heavy contraction in the movement of lumber,
an 1 larger c r smaller decreases in general merchandise
and various other items of freight, due we may sup­
pose to thb depression in business and unfavorable
trade conditions, from which that part of the country
has been no more exempt than other parts.
It follows from what has been said that notwith­
standing the great gain in revenues during the late year,
aggregate gross earnings did not equal those of 1893.
The gain over 1895 was roughly 54 million dollars, but
the loss during the previous two years had been over
84 million dollars, so that the recovery fell 3 million
dollars short of offsetting that I035. T o be more spe­

480

THE CHRONICLE.

cific, while gross in 1895-96 was $32,681,829, in
1832 3 the amount had been $35,743,429. There has
been tome decline in rates in the interval, the average
per ton per mile in 1895-96 having been down to the
lowest figure in the history of the company, namely
1 •003 cent, bnt in the main the falling off in earn­
ings has been owing to a contraction in the volume
of business, both passengers and freight.
If gross earnings are not the heaviest on record, net
earnings are.
The total at $13,005,021 for 1896 com­
pares with only $12,030,486 for 1893, thus showing al­
most a million dollars increase, though gross earnings,
as we have seen, were over three million dollars smaller
than in that year. This indicates, of course, a great
reduction in expenses. As already noted, expenses in
the late year increased 2| million dollars, but even
after this increase the total of the expense was only
$19,676,808, against $23,712,943 in 1893. Looking at
the details of the expenses, we find that there has been
a decrease roughly c f two million dollars in the cost
of conducting transportation, due, it would seem, to a
smaller vtdume of business and greater economy in
operations. For Maintenance of Way and Structures
the expenditures were $4,374,723 in 1896 against
$5,244,337 in 1893,
and for
Maintenance of
Rolling
Stock
$2,942,294 against
$3,814,927.
But it is proper to say that in 1893 the
outlays on these accounts had been unusually large,
owing to the policy then pursued by a great many roads
of making very extensive renewals and repairs in order
to prepare the properties for the large traffic expected
from the World’s Fair. Besides this, rails, ties and a
great many other materials can now be purchased very
cheaply, while the reduction in the volume of traffic
necessarily diminishes the cost of repairs to a certain
extent.
There is one item in the expense accounts for 1896
which does not appear in those for other years, and
which is not included in the expenditures for main­
tenance of way or those of maintenance of rolling
stock. We refer to a contribution of $350,000 to
renewal account. The renewal fund amounts alto­
gether to $387,155, and besides this there is a rolling
stock replacement fund amounting to $258,406.
This latter is to make good a prevailing shortage
in equipment and motive power. Quite a num­
ber of locomotives and cars have been broken
up during the last two or three years, but only in part
•replaced, because the company really had no need for
further equipment. The full amount required to make
the replacements, however, has been included in the
expenses each year, and such portion of the amounts,
as has not actually been used for the purpose is carried
in the rolling stock replacement fund, to be expended
when there shall be a call for additional equipment.
The total amount spent on capital account during the
year was only $611,719, and a full itemissd statement
of the way the money was spent is given in the report.
dho financial condition of the company i3 one of e x ­
ceptional strength. Without going into the details of
the changes for the year we may say that the
actual cash on hand and on deposit June 30 amounted
to $5,593,619, that the aggregate of all cash assets
was $7,252,286, aud that in addition the company had
$4,550,770 of bonds of the system in its treasury availa
ble for use, making together $11,803,056. The'current
liabilities at the same date, including interest accrmd
but not due, aggregated only $6,348,536. President
Roswell Miller states that the bonds held represent

[V o l . L X III.

actual cash expenditures for extensions, improvements,
additional property, &c., out of the current cash re­
ceipts of the company from the operation of its lines
— which expenditures have not been made good by the
sale of bonds, the bonds issued therefor being held in.
the treasury.

R A IL R O A D GROSS E A R N IN G S FOR A UG UST~
We have now reached the point in the downward
course of railroad gross earnings where not only many
individual roads have losses, but where the grand
aggregate of the roads reporting also records a de­
crease. For the month of August our com pilation,
comprising 125 roads operating 94,149 mile3 of line,
indicates a decrease of $1,082,444 or 2 -61 per cent.
This is the first time in eighteen months that our
monthly statement has shown a decrease in the total,
the last previous return distinguished in that way hav­
ing been that of February 1895. M ireover, practi­
cally two-thirds of the whole number of roads making
returns share in the falling off— to be more exact, out
of the 125 roads contributing returns 82 have decreases
and only 42 increases.
What makes the retrograde course of earnings
all the more noteworthy is that it occurs in face of a
continued heavy grain movement, and also in face o f
quite a free movement of cotton, the cotton crop the
present year having been unusually early. O a the
other hand, it is only fair to say that tlm m>nth con ­
tained one less business day than the same month last
year, arising out of the fact that there ware five Sandays in August 1896, against only four in August 1895;
But no surprise will be felt over the unfavorable re­
sult. The weekly returns had prepared us for just such
an outcome. Moreover, under the adverse trade
conditions prevailing, no other result was possible.
Business was depressed all over the country, because o f
the disinclination existing to engage in new enterprises
or in any ventures involving the expenditure or in­
vestment of money while the contest concerning our
standard of values is pending. Iron production was
greatly curtailed, ore shipments were reduced, the de­
mand for coal and coke fell off, and manufacturing
establ shments in all parts of the country shut down or
limited their output.
Possibly it may be thought that we are com paring
with heavily increased earnings a year ago, but that is
not correct, at least a3 far as the totals are concerned,
as the gain in August 1895 was quite small, though it
is proper to say it followed a small gain the previous
year, too. The following compares the results for a
series of years past— for August and the period since
January 1.
It will be observed that in 1893 there
was a very heavy loss, reaching 6J million dollars, and
that the gains in 1894 and 1895 amounted to a re co v ­
ery of only a small part of this loss, which is now s u c ­
ceeded by a still further loss in 1896.
M ileage.

E a rn ings.

Increase
or
Decree.se.

Tear
Given.

Tear
Preceding.

August.
1892 (132 roads).........
L893 (134 road s)........
1894 (132 r o a d s)........
1895 (134 road s)........
1890 (125 road s)........

Miles.
90,979
96,8(59
99,764
100.833
94,149

Miles.
89,407
94,319
98,902

$
*
*
45,702,853 42,606.704 I n c , 3,096,149
42,274,577 48,618,925 Dec. 6.314,348
42,799,261 42,462.013 I n c . 337,248

93,413

40,*61,739

Jan. 1 to A ugust 31.
1892(130 roads).......
1893 132 roads)—
1894.126 road s)......
1895 (131 roads).......
1«9B 101

S9.621
96,611
98,570
99.462
92.Pno

88,049
93,961
97,784
99,215
P2.184

321,260,970
340,383,662
291,633,328
312,8-*6,746
300,782,213

Tear
Given.

Tear
Preceding

41,444,183 Dec. 1,082,414
300,691,729
337,777,532
339,573,485
2J9.85S.814
285,658.82 i

Inc .20,566,241
I n c . 2,606,130’
Dec 47,940.157
Tnc. 13.037,901
I n c .15,133.392:

September

12, 1396,]

THE

481

CHRONICLE.

Tne decrease ia earning} is most marked a3 a rale in
the Middle and Middle Western sections, where manu­
facturing interests abound and where also large coal
mining interests are carried on, both of which have
suffered severely from the depression in business. Thus
the New Y ork Central reports a decrease of #365,825,
the Wabash a decrease of $210,674, and the Cleveland
Cincinnati Chicago & St. Louis a decreas; o f #178,293,
But there are considerable losses also by other roads.
Even the Milwaukee & St. Paul has to report a loss of
#138,620 this time, though the loss is referred to the
occurrence of the extra Sunday in the month. In the
South, both the Southern Riilway and the Louisville
& Nashville have suffered docreases— the one 1109,636,
the other #30,750. The rate war with the Seaboard
A ir Line was held in abeyance during the month
through Judge Simon ton’s injunction, which was
not dissolved until August 31. Various other roads iu
different parts of the country also sustained a falling
off in larger or smaller amounts.
The gains of note are very few, and are confined simply
to a few special roads. T ae Great Northern leads with
an increase of #274,088, the Canadian Pacific follows
with $193,637 increase and the Missouri Kansas &
Texas stands third with #102,218 increase. Tae only
other gains in excess of #30.000 are #63,503 by the H i
lath Soatn Score & Atlantic, #57,051 by the Mexican
Central, #51,086 by the Mexican National, #38,259 by
the Illinois Central (on a larger mileage), $33,24 i by
the^Georgia & Alabama and #30,913 by the I oternadonal
& Great Northern. T ae following is a full list of the
gains and losses.

Flour.
(bbls.)

at. Louis-

i

4 irks. Aug., ISOdj
i «rk3, A u g.. 1895}
Sines Jftn.1,1805i
Since Jan-1,1S05

Toledo—

W h ea t ,

(bwtfiJ)

2.799.U9

116,901
69,011

'■.075,190
,067,096
,918,219

6U*fc

4 irks. Aug* 18$Q:

1,053,400

e

5,392.:

a

ASb

r

a

l ®

I *

8,684,280

m‘ K

6,219.023,
4,909,130 5,400,075;
180.400

M

3,137,875

1S3.4O0
232*141

11?,985
80,970

1Q1,529
200*390!

921*987
015,419

S3

28,013
14,205
1X1,818
72,758

9,900
24,300
07,800

118.800
104,800

8888

1,708,119 l i l i f j ! : « !
O U m ln n d -

i irkAAag.,i^m;

22.567
sl«‘ ?
37.355
461.702
795,700
738*567 1,183,18!!

33,132

S in ce Jan.1,1S93-

Ptorift—

& «rfra. A u g ., IS0«
* w ka. A m ., tS03|

S’fice Jaa,l, 1806
Since Jana, 1905j

D’Uuth—

230,331
«,S60
18,245
227,850

1X8.100

23-5.520

10,000
1,882 27:
10,800
13.572,700 iW»i.uo; i,is*,»o
8.351.065 11,6*5,800 - 820.100
47*1

4 *r’cs. A tig-, 1808]
4 ttfcg. A u g., w m

lOil

1.809,550;
l.TM.im

B8L*B»

201,001

?87.’

12,413.
35,507
SK& 3.058,701
8,102,310’ 2,137,4 07
®umJan-l. 1808? 2,277,7m 9MB0.O80
12.113,394
SinceJT»aJL1895:
181,05?
01,723
Minmmmlis—
01.910
4 wk:4. Aajr-» 1890
5*1.810’
*,5*0
40.420
4 wk$. Atijf-. 1808
‘ Vina
1*215.8^4 4.0H.48C 10,100
aceJana, 1ST"
831376
K<mmM,0Uu—.
4 mtA. A u g., WM'
mu»o l.OAX.OOO 818,100; .....
8.705
i *<■*. Attjfj, 1893.
SiAim
ijm 959 1,071.881 iVs>i!) :::::
?m e© JaaO* 1608;
673,457
188,670

Since Jana, 1805
Total a t all—
i wk«. A m . . i ? m

80,881

735,Via
11,580
'U,S80

......

1,185,104! is i m m

i ***. Aug., imm mmm
« !
7.177.4b! 95.16-I.S16
?
Jaa-L IMS 6,231.563 m.m, m w s m s m m M
S n c«J a n -J .iH G 6

tm
i

h

.

Eiamination of the foregoing statement shows that
while in the grand aggregate there has bsen a very heavy
increasein the movement, thesam> isby no means true of
m m y o f th? sap irate points. A ib c ir in g o a the loss in
earnings reported by the St. Paul and some other lines
it is interesting to note that at Minneapolis the wheat
deliveries in the four weeki this year were o ilv #,933,430 bushels, against 3,411,330 bishels in 1895. On
prin cipa l c i i a s o m i s g h o s s earninos i s I C B O S r .
the other hind, at Duluth, another spring wheat point,
ttpf rewve*.
the receipts were over doub’ e those of ‘list yeir, hav­
Great Worth,.'.rr,................. $274,088 Missouri Paelflo ........
$83,907
Canadian Pacific.............. X03.S37 Cools, » . A. A C W c . . . .
82.88-2 ing been 4,301,335 bushels, against 2,056.701 bushels.
Mil. K i l l . A IV-xa,....... 102,218 P itu u m ri? * W - n t p r n .. .
6 2 .8 9 0
Duluth So. 8b. * A Si . . . . 8
i Northern Pacific
59.106 But the S;, Paul system h *3 no lino to D ila ih .
Tae
Mexican Central............. 57,051 Kao. r . Ft. 8. A Meta ..
57,20*
M exican N a tio n a l........... STAS'S e t a N\ O. T ex. Pxo . . . .
55. =.10 some irregularity is observable at other points.
At
54.705
lU in ol, Central.................. 38.2S9 Tot. A- Ohio Central . . .
5 1,923 Peoria, Cleveland, D itroit and T e la lo there is a de­
•Geonrta * A U lu m i ......... 3 s ,244 B*it A Ohio Hootliw ..
43.70©
Jttt & Great N orth ern ,.. 3 u ,» l3 St. Lo«t» » o stbwftntorn.
Lake Erie A W estern...
IS,672
crease in nearly every one of the cereals, while S t.
tin-i. tv fi Kan. A V o ...
17,79 >
T efal (repMMnttag
showing a heavy gain in wheat
47.710 Louis, though
0 roast.( ...............
*8*7,000 Chic. It 1. A fiw lfle. . . .
D «-rrra «c».
Clue, A E a st lit ...........
*7,989
40,02* and corn, suffered some falling off in the receipts
K. T. Central................. #285,825 Wisconsin Centra! .......
W abash...........................
310,874 Grand RtpuU A la d ___
34,tS:J
32.67* of oats.
Cier-ft an. Ctfc A St. U, 173,293 Clave. Lor. A WheelingCbin. MU. A St. Patti...
138,H3«
Chicago as usual has benefited most, having gained
Bowtiern R ailw ay.........
lOW.CSfi
TotaUreprescntln*
LouiiviUe * Nashville.
80,750
22 rosd*i......... $1,789,205 in every one of the careals.
T as following is th e
* For three week* only.
movement at that point for the even month. It will
W ith reference to the grain movement, this, as al­ be observed that the increase over list year in the
ready indicated, was in exoes3 of th it o f - a year ago. aggregate has been nearly 10 m dlion bushels. Besides
The increase, too, extended to practically all the this, there was a gain in the live-3tock movement, the
cereals. Of wheat the receipts at the Western primary receipts of hogs reaching 493*674 head against 379,229
markets for the four weeks ending Augast 29 ware head.
18,478,567 bushels against o ily 12,189,016 bushels in
RECEIPTS AT CHICAOO DURIHO ACOffST AND SINCE JANUARY 1 .
the same period last year ; of corn 16,360,225 bushels
aimu,j.
,KneeJmuaru *.
against 9,278,528 bushels ; of oats 13,719,-378 bushels
IS#-.,
18115.
1896.
1806.
t89#.
1804.
against 9,749,556 bushels. Combining these three
3,112,439 1,426,771 10.311,100 0.521.O67 4.705,553 17.lT4.192
cereals and adding birley and rye, the grand aggregate Com. ..btmfi. 11,607*860 7.M35.202 4,099.34* 56.073,808 33,781,028 0 604*108
both,
0,667.153 a,0S8,O91 611,933.988 41,040,487 44*525,041
is found to be 48,166,410 bushels against 32,009,182
m jm
112,815
91,833 1*«18,258
01*0,017
818.653
8 r«-. .biwh.
875,162
IS" ,800
800,090 7.838,3 *0 4,102.931 1,396,339
bushels, showing an increase of 16 million bushels, aariey.bash.
besides which there was an increase in the receipts of Total str^n 244^701 15,801,636 * 9 j»«.e «.:i»s.4w.9U 85.8 O.OlO 114.217,227
rioar.. bbl«.
107,860
368,70** 1,514.260 I,7f*0,-'l5 2,719,533
H3O.80O
fbnr, B dow we give the details of the grain move­ Pork.,„bbl».
3,041
8.^1
mi
91
4.431
7,0*1
Oatm’t«.lb*. 1I),4S9,!K» 11,929,8)8
115,014,856 «I,m 0,233
ment at the West in our usual form.
2,031,08© 6,5^6,604 48.51W.32? 34.3&L894 40,828.549
Lard..... ibs. n .m .s m
«*0 «[F T * OF r t f l o a AND ORACH FOR FOUR W8RKS ENDIKiJ ACOCST 29
AH© s in e s JANTJABT 1.

1»<»
»S#8
« »<« Ah-.. l*wSlawJ48.1, lVi-\
SIriseJMt I, m»i
Mike
* w « . A a » 19--M
i «i> A t e - n
SiaeejAo.t. l.*w
Staee Jen-l, pfe

LtvobojuNo

400,674

370.228

(121,371

1,831, 01

4,898.* 0)

4,780,456

With reference to the cotton movement in the South,
this is usually quite insignificant in August, bat the
present year the crop being early the receipt# at the
Southern outports amounted to 180,825 bales against
only 14,187 bales last year.
The gross shipments
mw
111,120 overland for the month were 12,819 bales against
71-/'5'»
tmjbn 13,410 bales.

THE CHRONICLE.

432

*OKtPT8 o r c o t t o n a t s o o t h e r s p o r t s i s a o o o s t , and
JANUARY X TO AOOOST 3 1, IN 4 9 9 6 , 1895 AND 1894.

1895.

1896.

1894.

S av an n ah ...........................
Brunt w ick. A c ........
Chariot ton ..........................
Port Royal. Ac...............
W ilm in gton .................
W ashington. A c ............
Norfolk................................
West Point, Ac...............

29.060
70
10,630
8.003
4.203

2,873

17,679
1,368
17,003
498
27
2,732

163
766
3S

882
497
97

4,595
920

327
30

1,895
229

Total....... ............

180,825

14.187

8,359
8
6,190
431

73,989
1.831
50.478
8,106

G a lv e s to n .......... ...b a le s .
T e x a s C it y , A c .................

New O r l t a u i .. .. .. .. . .. .. .
M obil*.................. ................

flOtUU......... ..

Chicago Great Western, the Duluth South Shore & A t­
lantic and the Quincy Omaha & Kansas City. For
the leading roads the comparison is as follows fo r six
year?.

prom

____

Since January 1.

August.
Port*.

1800.

1895.

1894.

316,604
61.848
040,06ft
67,804
14.511
239,270
31,567
80,383
41,949
40,628
125
157,480
88,500

444,312
29 798
928,793
74,249
9,055
258,487
47,651
114,874
82,000
88,915
12e
149,903
97,599

213,814
18,683
033,298
52,704
13,023
237.3C 0
44,545
01,901
38.5S0
30,328
6,000
155,695
90,732

42,796 1,739,200 2,271.268 1,597.293

(VOL. L X III,

EA R N IN G S O F N O R T H W E S T E R N L IN E S .

August.

1896.

1895.

1894.

$
347,748
417,246

$
395,547
408,935

$
319,951
376,427

B u rl.C ed .R .A N o.
Ohio. G t. W e s t ....
O hlc.M il.& St.P. > 2,524,305 2,802.985 2,493,078
M llw au.& N o.. !>
Ohio. R . I. & Pac. 1,407,954 1,455,700 1,546,706
174,595
112,09*
178.138
D uluth S.8.& A tl.
1,710,297 1,430,209 1,363,348
G reat N orthern..
142,889
132,024
146,570
Iowa C en tral.......
171,253
191,545
109,431
M lnn.A St. L ou is.
139.436
154,518
140,745
Bt. Paul & D uluth

1893.

1891.

1892.

$
310,005
301,977
2.407,843
1,802,712
208 891
1,156.232
147,611
130.S17
134,389

$
*
352,729
330,757
507,318
412 291
i 2760.011 2,307,000
( 144,541
152,203
1,935,840 1,058,452
237,367
242,988
986,511
1,131,946
150,812
165,867
151410
174,213
152,416
192,800

T o t a l................ 7,025,518 0,903,720 0,740,402
6,000,477 7,052,602 6,640,530
Notwithstanding the larger cotton movement, more
Southern roads show losses in earnings than show
In the case of the East and West trunk lines, so far as
gains. We have already mentioned the decreases on we get returns thus early, the roads all show a loss, as
the Louisville & Nashville and the Southern, and may be seen by the subjoined statement.
besides these there are the Chesapeake & Ohio, the
EA R N IN G S O P T R U N K L IN E S .
Alabama Great Southern, the Cincinnati New Orleans
1891.
1890.
1894.
August.
1895.
1892.
1893.
& Texas Pacific, and several others.
Still, eleven
$
t
$
*
*
Southern roads make improved returns ; among these
235.129
267,474
B. & O. S.W
603,030 f 238,344
576,082
a prominent place must be assigned to the Mobile & Oh. A M iss. ( 525,159
422,344
418,233
* 356,609
1,348,882
1,119.002
1,444,909
C.C.C.&St.L
1,216.078
1,207,142
1,292,295
Ohio, which reports a gain of $24,525.
1,723,900
1,672.045
1,587.042
1,738,914
1,734,928
G .T .o f Can.
1,072,517
EARN IN G S O P 8 0U T H R R N G R O U P .

1896.

August.
Ches. A O hio........
G eorgia..................
Kan.C.Mem.ABtr.
L ou lar. A Nashv.
M em phis A Char..
M obile A O h io ....
Nash.Chat.A St.L.
N orfolk A W est.b
South’ u Railway.

1895.

5,733,488 5,875,227

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

1894.

1893.

1892.

1891.

1
*
*
$
t
«
935.384
808,748
892.872 1,002,870
857.983
925,718
100,119
98,990
118,469
03,846
121.751
109,636
81,838
78,139
93,158
92,203
/iS3,021
a?6,100
1,040,410 1,727,160 1,092,067 1,523,035 1.917,875 1,790,054
100,387
109,738
90,158
120,422
125,254
•105.108
250,812
233,32'
207,134
249,308
275,837
233,674
392,052
+409,803
409,803
350,93?
447,760
493.357
959,026
818.888
933,460
804,372 4789,460
828,923
1,441,918 1,551,554 1,485,795 1,347,798 1,585,649 1,687,607
5,981,792 5,408,540 6,474,477

6,304,600

a Figures here for 1893 and 1895 are sim ply th e totals o f th e earnings fo r tb e
fo u r weeks o f th e m onth as reported in th e w eekly r e tu r n s ; th e m o n th ’ s
earnings usually ex ceed th e w eekly estim ates qu ite considerably.
b Including S cioto Valley A N ew England and Shenandoah Valley f o r all th e
years.
t Figures are approxim ate, sam e as fo r th is year; actual earnings w ere larger.
+ A u gu st n o t rep orted taken same as last year.

In the Southwest the gains and losses are about
evenly distributed, as will appear by the following,
furnishing a comparison for a number of roads for the
last six years.
EARNINGS O F SO U TH W E STER N G RO U P.

August.

1890.

1895.

Den. A R io Gr.
ln t.A G t.N o.4
K.C. F.3. A M.+
M o. K. A Tex.
M o.P .A Ir.M t.
Bt. Jos.AGr.1.
8t.L . Southw.
Texas A Pac.

1
010,200
260,558
o329,?47
933,630
1,994,00>
70,400
330,200
440,481

$
1
625,830
044,809
229,045
258,161
0380.455
402,318
840,049
881,312
2,057,907 1,965,227
67,108
82,021
384,000
369,236
540,247
472 8ffe

$
484,248
251,476
380,702
704,470
1,832,371
90,101
314,503
449,223

$
945,408
323,302
483,031
901,090
2,002,853
113,044
400,502
513,800

$
784,063
316,027
423,926
785,858
2,314,115
88,516
349,460
530,768

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

6,030,010

5.100,056 5,102,C68

4,507.217

0,348,090

5,59 ',333

all the years

1894.

1893.

1892.

1891.

u ity u u n to n & sprm gaeid and th e Current R iv e r fo r

s CtelToitoa H ouston tc H eudorson n o t included fo r 1898 and 1895
1995 aro sim ply the totals o f tile earnings fo r th e
M °,f. thn
' * ” reported In the wnnklv retu rn s; th e m o n th ’ s
earnings usually exceed the w eekly estim ates quite considerably.

For the Pacific roads, while the Canadian Pacific
and the Oregon Navigation have gains, the Rio Grande
Western, the Northern Pacific and two minor roads
have losses.

C h .& G .T ...
D .G .H & M .
N .Y.C.& H .+
W a b a s h ___

238,718
89,437
3,815,919
1,063,201

255,381
102,471
4,081,744
1,273,875

220.555
104,280
3,894.408
1,227,852

402,638
107,430
4,003,912
1,243,361

307,914
119,195
4,061,441
1,415,427

302,795
130,537
4,046,502
1,373,470

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

8,523,181

9,254,365

8,858,311

9,358,110

9,713,632

9,609,453

♦ Includes R o m e W a te rto w n & O gden sbu rg f o r a ll t h e years.

The other roads in the Middle and Middle Western
States (aside from the trunk lines) also quite gsn e n lly
show decreases. In fact the largest number of decreases is
found in this part of the country. Counting the trunk
lines, no less than 45 roads have fallen behind in this
group, while only 9 are able to report gains.
E A R N IN G S O P M ID D L E A N D M ID D L E W E S T E R N R O A D S .

August.

1896.

1895.

$

(

|

1894.

1

A n n A r b o r ..............
96,579
99,552
104,758
Buff. R o c h .A P itt.
291,640
275,015
290,174
295,679
Chicago & E ast. 111.
339,663
375,613
Ohic. & W e s t M ich. al02.128 al63,608
150,261
+259,202
259,202
C ol. H . V . & T o l . ..
331,408
D et. L an sin g & N o . all9 ,42 3 alC8,885
105,996
87,410
H vansv.& T erre H .
102,209
104,750
203,203
221,241
Flint & P. M arq___
200,522
226,556
G r.R a p .& In d .........
200,719
239,116
1,678,326 1,640,007 1,595,297
Illin o is C en tral—
271,913
L ake E rie & W e st.
320,485
353,73!L on g Isla n d............
513,423
522,278
492,663
L o u .E van s.A St.L.
143,064
144,378
131,545
Louis. N. A . & Chic.
239,140
301,832
296,788
390,240
370,900
N. Y . O nt. & W est.
378,871
.234,024
290,704
P lttsb’g & W est’ n.
262,791
121,664
176,309
T o l. & O hio C e n t ..
239,178
70,280
T ol. P e o . & W e s t ..
91,25'
89,631
198,915
T ol. St. L . & K . C..
198.630
182,990
W est. N. Y . & P a .
311,500
329,94?
326,215
W heel. & L . E r ie ..
114,273
119,831
130,809
T o ta l...................

6,028,594

6,338,338

6,401,614

1890.

1895.

1894.

1893.

1892.

1891.

Can&d’ n PacificN orth'n Pacific.
R io Gr. W eat’ n..

»
1,869.000
1,719.998
217.400

$
*
1,075,363 1.055,652
1,779,104 1,774,065
220,200
193,62“*

$
$
$
1,873.020 1,820.88 s 1,734,985
1,394,429 2,228.005 2,054,297
182,410
255,270
240,089

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

3,806,393

3080.008 3.023.245

3.460,495 4.303.723 4.029,371

Even in the Northwest, as we have alrealy seen
there are a mi m ber of losses ; as a matter of fact the losses
greatly outnumber the gains. Besides the Great North­
ern, the only roads having gains are the “ Soo,” the

1891.

1892.

$
$
*
86,031
88,567
97,051
310,456
266,705
286,621
397, L40
344,799
400,273
160,679
170,809
193,164
332,134
216,361
300,333
109,725
130,110
126,406
121,490
123,771
133,951
206,099
239,558
225,434
287,870
233,170
302,803
1,903.856 1,591,017 1,570,241
310,164
300,540
353,325
511,712
508.531
535,613
151,415
140,079
156,192
277,204
332,289
332,159
290,899
355,835
390,808
217,150
209.721
208,462
171,898
149.548
198.973
82,760
86,277
85,188
207,413
259,420
149,092
350,338
825.896
299,021
119,109
134,034
131,27*
6,441,476 6,609,090

0,260,711

a Figures h ere f o r 1896 an d 1895 a re sim p ly th e to ta ls o f th e earn in gs f o r th e
fo u r w eeks o f th e m o n th as rep o rte d in th e w eek ly r e tu r n s ; th e m o n th ’s
earnings usually e x c e e d th e w eek ly estim a te s q u ite c o n sid e ra b ly .
+ E arn ings fo r A u gu st n o t re p o r te d ; ta k e n sam e as last year.

GROSS EARNINGS AND MILEAGE IN AUGUST.
Mileage.

Gross Earnings.
W ameof Road.
1896.

1895.

$
118,298

$
136,964

EARNINGS O F P A C IF IC R O AD S.

A ugust.
1—

1893.

Alabama Gt.South’ n.
Ala. N.O.Tex.&Pac.—
Junction Rvs.—
N. Orl.&No. East.
Ala. & Vicksb........
Vicksb Slir.&Pac.,
Ann Arbor.................
Atlantic & Dauville.
Balt.cfe Ohio Southw.
Birm’ ham <fc Atlantic
Butf. Roch. <fc Pittsb .
Burl. Ced. R. & N o...
Canadian Pacific......
Carolina Midland__
ChesaDeake & Ohio..
Ohic. & East Illinois.
Ohio. Great Western.

90,011
107,858
42,96b
44,794!
41,069
41,85 1
96,579
104,758
41,836
4<>,675
525.159 j 576,082
2.505
2,038
275,015
291,640[
347,748
395,547
1,869,000 1,675,363
4,843’
4,664
857,983
866,748
339,668
295,679
408,935
417,246'

Increase or
Decrease.

s

—18,666

1896.
319

1895.
319

—17,817
195
195
142
142
+ 1.825
—790
199
189
307
307
—8,179
285
—1,161
285
—30.923
921
921
22
—467
22
334
334
+ 16,625
—47,799 1,136 1,136
+ 193,637 6,444 6.346
+ 179;
55
55
—8,765 1,360 1,360
—43,989
521
521
922
+8,311
928

S eptember 12, 1896.]

THE
a rost Earning*.

XiUaa*

Marne o f Boa*.
1898.

1895.

48‘d

CHRONICLE.
.Fame o f R o a d .

1396.

1895.

Increaee.

Decrease.

1836.

A. N. 0 . A V. F-te. —Co*.
t
«
Alabama A Vicksh' g .
332,065
309,316
23-349
2,521,385 2,662,035 — t38,S20 6,151
V icksburg Shr A P ao . I
334,772
316.810
17,932:
77,593
— 1,388
222;
81,981
752,10-4
Aim
Arbor.......................
717,740
34,655
1,107,9 5-1 1,455.70
-4 7 ,7 4 6 3,571
Atlantic A D anville . . .
348,134
352,19?
Ohio. & West Mich.
163,603
4.063
162,128
Bait. A O. S outhw est...
3,982,153
4,077,4 97
6.504
Gin. S c o re . * P orta ..
5,802
95,044
Birmingham A A lanlie
13.935
1,717,
12.238
Ciu. Jack. A M ack .. .
61,582
65,019
Buff. Roeb. A Pittsburg.
2,147.71
1,982.851
164,867
C1n.N.O.A T er. Pac.
261.S72
320,391
Buri. Ocd Ran, A N o ...
2,778,016
349,179
2.427,43
Ctan.Porttmlt.ti & Va.
27,890
Canadian
PaoiUo............
12,824,227
10,775.140 2,049,087
Clev. Canton'A S o ...
61,826
70,052
Carolina Midland...........
34,597
28.393
6,204
Clev. CinJ'h.A St. L .. 1,119,002 1,292,295
Chesapeake A Ohio....... !
6,714.699
474,05 i
6,2 45.045
Q ev.L ora ia AWheel*
68,921
101,595
Ch1e. A EasS’n Illin ois..
2.473,557
85,128
2,38®,429
Ooi. San'kv. A H ock..
76,2 m
101,247
Chic. Great W estern ...
3,043,203
628,115
2,414,008
Col ana A Lake............
3,000
3,000
Chie. Milw. A St. P aul.. 19,681.69* 17.492.503 2,192.193
610,200
Deny. A Hio Grande .
625,300
-1 5 ,6 0
Chin. Pen. A St. Louis. J
6 0 2 .3 '8
(5 17i
589,031
D. Ms>ne* A Kan c.-.
12,715.
6,093
6,273
—180
Chic, Rock I8l. A P a o...
9,847,30
9,404,333
442,969
D, Moines No A We it.
35,140
37.72*2
—2,582
Ohio, A West Michigan
1,011,021
1,100,536
Det, L i i c t A N orth ..
119,123
109.H45
59,515
+ 10,53s
Cin. Georg. A p ortsm 'tb
40, 0 5 c
42,295
Dnl; So. Shore & A t;..:
174,595
112/192
-+62,503
2,245
Oln. Jackson A M ack...
464.628
399.498
05.132:
Elgin Joliet A E a st..
114.154
8 7 ,1 4 /
+27,008
Cin.N.O, A Texas P ao,.
2.193.99
2,321,785
Evansv. A Indiana;).
28.835
-1 ,5 9 6
130,756
31,431
cin n . Ports. A Virginia.
175,772
171,334
' 4,439
Bvan-v. a Riehm'c.
11,213
-2 3 7
11,480
Cleveland Canton A 60 , .
455,519
436,5 <2
Evansv. * T. H a u te..
18,997
87,110
102,209
— 14.799
Clev. Gin, Chic. A St. i , . .
8.509.196
9,044,637
F lint A Pere M arq...
203,203
539,441
221,241
-1 9 ,0 3 8
Cb*VB, Lorain A W heel.*
870,43s
839,079
'3T355
Ft a. fe a t. A Peuiii..
133.101
132,401
+ 703
Col .Ban kv A H ookin g..
523,845
530,772
Ft. Worth A R io Ur,.
12,92*7
19,358
21,196
-1 .9 3 8
>*oiu«» A I .a k o .............
10,681
12,577
Gadsden A At!. L'rj..
847
sag
—21
1,886
D ear. A Bio G rande___
4,701,555
G eorgia.......... .. . ...
4,474,090
227,865
109.536
93,916
+ 15,690
Dos Moines No. A West.
234,740
218,145
Georgia A A labam a,,;
60,5 (5
79.751
41,510
-+3-.211
Des MutarsA Kan.City*
09,232
53,140
16,092
Go. South. A Florida
71.079
63,782
+ 7,2n'
Det. Lansing A North'n+
749,001
755,514
Or. R ated' A 1 11dial!a.
177,577
203,318
—25,74!
5,910
Dal. 8 ". Short- A A t ! . . . .
1,3*9.374
1,175,782
213,592
O n . Rich. A Ft. W ..
34.361
41,546
-7 ,1 8 2
868,872
Elgin Joliet A East.......
708,399
Traverse citv. ....;
160,473
4,179
1,511
-3 3 2
Ev.msv. A Indianapolis
192,627
193.947
.Mask. Or.R. A lad ..
10,136
a.
o,
11.344.
-9 0 8
1,320
7*3,294
S r Trunk o f Canada, 1,872,015 1,672,517
72.824
"5*470
—472 3,512 3,512 Evaasv. A R ichm ond ...
Evansv. A Terre H aute.
7 0 2 ,3 5 1
689,760
Chle. A Gr. T ra n k ..
12+94
238,71 S
256,381
-1 6 ,6 6 3
Flint A Pore M arquette
1,745,351
D eL G r.H av.& M ll.J
99,213
1.646.138
89.437
-1 3 ,0 3 4
102,471
PI a. Cent. A Peninsular.
1,387.721
1,307,41 i
Cto. Sag. A M ack...
50,307
8.810
11,59*
—1,798
Ft.
Worth
A
Rio
G
r
'd
e
..
139,453
218,393
To!. Sag. A Musk..
_____
9,363
23,940
9,1*24
+ 244
Gadsden A Ataila Un..
7.209
G t Ho.—§. P. M. A M 1,364,309 1,193,069, +182,300
5,020
*r,889
Georgia . . . . . . . . . --------997,033
Eastern o f M ina..
IT i.T i I
753,937
143,046
+41.391
133.1501
Georgia A A labam a......
497,053
290,591
Montana Central..
187.181
200,462
110,330'
+50,497
O a 8ouili*n A Florida--,
579,885
Gnif A Chicago------3.306
51,074
528.611
3,735,
- 420
8r,
Rapids
A
In
d
ian
a...
1,319,564
Illinois C en tra l........ 1.678,326 1,010,067
1,308,260
+38,259
48.702
CUJ. Rich. A Ft.Wayne.
2 : i.-vr
1ml. Dec. A W estern'
25.013
291.829
17,322
29,277!
-2 ,0 3 4
Travers* C ity -----------32,748
30.297
lo t e n ia fl A G l. N o.;
280.858
2,421
+30,913
229,0451
Mux Gr, R. A Inti.......
83,712
Inttroewaiiic (M ei.i •
131
80,761
2,951
+ 13,100
120,900
Gr, Trank o f Canada. .. 11,007,700 '11,356,031
133,024
{ow a C entral............. ,
251,069
112,988;
—10,205
Chle. A Or. T ra n k .......
2,078,249
Iron R ailw ay..............
1,799,230
3,197
279,053
3,801
-0 0 7
D
e
t
Ur.
If.
A
Milw
601,491
Kanawha A Mich___
011,327
35,142
37,203
--■,()*; t
39,836
Great Nor. St. k*. M.A M.
9.008,3 k7
1 * 0 .0 Ft. 8 . A Mem.
7,007,246 1,401,101
329,247
—57,208
380,453
Eastern o f Minnesota.
1,092.216
Kan. C. Mem. A B lr ..
79 4,-9 3
83.021
297,223
+0,915
70.10*
Kan.i l!> A N W. . . . .
Montana Central.........
1 ,285,42
991,585
303,833
26,218
+3,392
22,828
Gulf A C h ic a g o ...........
24,310
Kan C * B eatrice,.
28.371
419
+7
2,081
111
Illinois Central___ _ .. . 13.007,232 12,377,711
Kao-U. f’ ltt sb. A G o lf
699,521
81.3*0
51,7*9
+ 29,597
Kan, a t ? Sab, B eit..
lot. A Great Northern.
1,9J3.65V
1.982,597
37,375
32,5311
+ 4,822
58.938
Intoroceanic iM- i . r . ..
1,463,618
21,500
Keokuk A W estern*. .
1,50,9,802
—8,215
29,721
45,186
Indiana Deo. A West .*,.
230.752
Lake Erie A il. A m ,.
3.975
245.045
*¥,707
0,327
-2 ,4 5 2
Iow a Central...................
1,158,5 •i
Lake Erie A Wee tern.
997.091
271,013
100.820
320,44V
—40,572
Iron Railway...................
31.237
Lehigh A Had. River
32,729
32,336
34.974
—2,038
1,492
Long W a n d ..............
Kanawha A M ichigan.
303,040
285.824
513,423
17.1*2*2
522,2781
-8 ,8 5 5 .
Leuistv. Evans, A S e t
Kansas
c
.
F
t.K
A
M
eitt..
3,832.215
1 43.001
2.9 18,79
141,378
-1 ,3 1 4
'1*6,583
Load*?. A Nashville
Kan. c ity Mom, A B lr..
704,418
0 2.017
1,616,110 1,727,1(3)
71*,80*i
—80*750!
Kansas City A N. W . ..
172,983
fctm lav.N.AIb.AOi. ,
238,110
152,032
2o,uai
301,93
-0 3 ,0 8 *
Kan City A Boat rice.
2,000
Lom -v. Hand A Be.L
47.591
3,313
*2,005
+5,53.8 [
477
Kan. CUy Pius, A Gulf
460,81!
13,912
339,141
121*670
15.074
-1.2321
Kansas Citv Sub. Bolt
217.379
58,099
183,252
44.1*7
02.729,
-4 .8 3 0
M exican Central.......
Keokuk A W estern*.. . .
251,075
215,408
325.998
35,607
764.947
+57.051
L- Erie Alii anon A Ho,.,
30.168
Mexican N ational.,
5 1 . 11>3
380.715
345,«W {
12,947
+ 51,080!
Mexican Railway* .7
M kn Erie A W estern..
2.* 47,837
175,136
2.277.001
171.053
-4 ,0 8 3
29,3«7
Lehigh A Hudson Hirer
203,027
Mexican Southern*,.:
28.36*
291.319
27 510
+8551
27,692
Long
Island....................
2,715.669
Minn, A St. Lorn*...
171.253
2.784.503
194,845
—232192}
68,834
Minn. fit. p. A 4 ste.M
975,720
277.076
896,700
251,884?
79,014
+ 21.192 1 ,1 6 0 . 1 ,1 6 8 LotUsr. Ev.msv. A 8t. I,
Mo.JCan*. ATex.svs
983,930
2.000 2.023 Louisville A Nashville.. 12,944,040 12,499,219
445.421
881,312
Mo, Pac. A Iron Ms
1,997,04/
2,027,0 w
1,924.000 2.005.494
4.936 4.990 Louisv. N. Alb. A Ohio.
30,015
Central Branch ...
310,458
70.000
.52,42271,097
*30,3*7*1*
+ 17,5771 380
30s Loitisv. Hoad. A at L.
Mi,bile A Birra'gtulm
MaaMitlnUB................
9
3
,1
4
0
90,134
15.1
12 11,263
149
149
*2,654
+879
Memphis A C h a rleston ';
747,919
Mobile A O hio........
670.1*8
275.337
77,8*2*61
250,812
647 ; 60
+24.545!
K.Y.Ceu. A H ml, lii v.
8,520,396
3,915, <19 4,091,744 —205.82*. 2,390 2.396 M otlcan Central......... ..)
0,107.587
412,909
N. Y .O nt. A W est...
3.217,116
390,215
2,953,53303,578
376,90b
477
477 Mexican National ........
+ 13,3401
Norfolk a W asters..
601,.'*72
2,181,934
799.t*(0
+ 14.9!.*, 1.570 1,570 Mexican R ailway*........ j 1,998.178
183,756
Northern P m M e___
334,906
1,719,999 1.770.101
300.905;
24.040
—50,106; 4,497 4,407 Mexican southern*........
Ohio R i v e r ...............
1,180.855
80,504
45,310
02,002
215 Minneapolis A St. Louis! 1,226.105
815
—11.491
Ohio River A Char
2,271,947
1,571,004!
13,528.
700,971
16.854
- 3 32*.,
207 Minn. St, P. A .8. 9to, M.
207'
Ohio Southern ........ *
55.1 «3
0,4.71,954’
09.499
—14,3561
22 * '
135,303
228 Missouri K. A T ex. a y s ./ 0,937,847
Oregon By. A N.,v..
351,301
341,392
f t 2.969. 1,019 1,059 Mo. Pacific A Iron S it..; 13,950,00i> 14,031.091
104,891
Feo. Deo. A Eva® 7 v
Central K faaob.......... j
472,000
3 7,043
1 11.357
79,-5 U
87.679-0.1611
331
331
Pitt*, ........... .... treat.
167,>30
3.735
3,705
181,92.?
25 Mobile A Birmingham* :
3.021
+
1011
251
Pittsb. Mien. A L. E.
2.270.022
07.158
2.094,550
176,401
*9.175
—2,010
183 Mobile A O h io.......... ..:
183
Pi tie i>. A Western.
140,778
227:
307.590
187,795
—27,0 >7
•
2 2 ? N. Y- Coni. A Hud. Kiv.. ; 20.355,3 13 27,957,729!
Pittsb. Clev, A To;
N.
Y.
Ontario
A
Weat’
n
.
j
2„4l»,07n
s s .a t2.409.300
100,370
00.490
77
-3 2 .2 4 2
77
Pittsb. Fa A Fair.
31,994
5,0 ; 0,181 1,381,059
38.410
—3,421
01
81 Norfolk A W estern....... ; 7,351.340
Qam. Omaha A K, C.
Northern Pacific............ 11,141,509 10,4? 3,841
24,767
770,728
24.603
+ 28 4130!
Kto Grande Houth’ n
635,418
43.426
521,793!
113,5231
43,710
-1 -4
112 Onto Rlvor ...................
180
R io Grande Western
11 >.743
217,400
228,200
110,313.
52'
665
5*0 Ohio River A C h «!«# to u ;
-8
*
8
0
0
8 t. Jo*. A Or. Island.,
444,19s
70,40468.341'
10,157
07,198
415 Ohio S ou th ern *..............
444
+3,202
» t fern s 8onthwe*'o
558,300
336,200
587.02s.il
384.000
-1 8 .7 0 0 1,223 1,231 Peoria Due. A Evansv
31,323
8 k Paai A D atu m ___
27,839
139, W «
154,318
27.470
* * '* 4 1 2
—15,082.
240 Pittsb. Lisiion A Wosl’ n
21+
8 * o Fran. A No. P ar,
434.903
78.57e
398,990
87.151
— 10,575
35,913
105 Pitt sit. 8 hen. A L E rie.
105
8 her, Sh rev.* South..
1.119.725
17.133
1,109,940
22.191
—5 .0 0 1
8,885.
155 Pittsburg A W estern—
134
S llv en on .....................
Pittsb. Clove. A Pol....
511,104
8,000
11,0 0
575,848
—3,OOo
20
20
60,542
So. Haven A bast's, i
Pittsb. Paines, a F*pt
2O4.790
4,181
2.879
223,319
'4*1,147
+ 1,302:
37
37
Bonthern Railw ay..
195,590
1,441.91s 1,5 31,'54 —100,030 4,752 4,58.0 Quincy Omaha A K. C ..
103,190
32,10 1
30 >,991
446.491
X » z m A PaolBe.____
212,12 7
47 2,000
—26.38* 1.499 1,499 Rio Grando Southern ..
36.960
Tol. A Ohio C entral..
1,5 i2 ,0 17
121.6 14.
1,479.272
170.309
52,735
—54,705
367 Rio Grande W estern___
307
To!. Poona A West*,,.
442,29 4
70.2*6
4 1'1.48.7
91,250
22,799
—20,961:
2 47 3t. Jo*. A Grand Islan d.
247
Tol. at. L. A K. City
2,923,090
198.915:
3.0 48.152
182.996
+ 15.010
210,20 !
431 »t. Louis South western
451
Wabash______ ______ 1,0-;j,2 o i ) 1,473,871, —210.871 1.936 1.933 9h Paul A Duluth..........
990,52 1
901.001
5,075
West, N. Y, A Penn,.
491,97a
311,300
320,343
— 18,44.+
533,483
613 9an Fran. A No. Pacific, j
043
41,488
Wheel, * .Lake E rie .,
1 5 5 .8 9 4
199,435
110,331
247
—5,558
2 47 4 H arm an S h r o v e . * 8 0 . .
42,741
Wisconsin O n tr a i. .
18,007
407.152
12,210
447,376
—40.02-1
a.597
892 0 mtu Haven A E st’o ;
892
Soulhern Railway ....... 1 11,62 2,445
11.452,92 2
169.523
Total (125 roads,.
3.900.761
40.3 61 ,7 3 9 1 1.141.103 — 1.002.141 91.111) 93. H 3 Texas A P a oiB e........... : 3.7 -3 ,215
263,310
Toledo A Ohio C entral..
1, 10 1,9(M
1 .120,009
*35.79*7
* F or three w oo** only, ~
Toledo Peoria A W est'll. I
02d,23O
627,853
'i* ,io i
, Earibng-. of Qalv. Haas, & Hon ior»on arc exntailed for both y e a r * . Pol. St. L. A Kan. Oitr.
4,303,725
1.153.1 OH
212,019
Wabasil...................
7,919,61?
8.020,909
82.362
West, N Y. A Pa...........
1.932,99.1
2,131,711
178,718
GSOSa EARNINGS FROM JA N U A R Y l TO AUGUST 34.
Waoaltng A Lake Erie .
9-14,799
8 n.,407
63,33 2
Wisconsin Central.........
2,357,932
2.872.002
14*,il*d
Nam* o f Road.
1890.
tneretue. Dteretu .
Total i t 2 . road*).
300,732,213 285,059,821 17,875.220 2,551,828
*
*
S
Net Increase.
15,123,392
CII. 0on f)i«m .
914,880
062,003
' 1 . .
47,123
Am , n , 0 . A T*%. P i»o.—
<fe Moridc iM 'a .,,
815.255
812,418
2,837
•....... .
' For three weeks only io August.
Chic. MU. * St. Pam .
Chic. P eo.A 3t.Loul*.
Chic. K 1*1. A t*ac...

22,888

THE CHRONICLE.

434

for cotton goods was upward, production though large was
absorbed, and spindles and looms were running on
full tim e at a fair profit. A check to the demand and a
weakening of prices began to be evident in December.
Thereafter the situation grew less satisfactory from month
to month, and yet machinery continued to be quite generally
employed. But as the spring progressed and the Southern
political conventions began to be held, one after another
declaring for free silver, restricted consumption and shorttime became an important feature, though no concerted
action on the part of the manufacturers was taken to curtail
production until near the close of June. Finally, under the
stress of the very restricted demand and under the auspices
of the Arkwright Club, an agreement was entered into be­
tween mills at Fall River and other New England points,
embracing in all some 4,300,000 spindles, which bound the
signers to shut down for four weeks during the months of July
and August, or by decreasing the running time to accom ­
plish the same result. Other mills which did not sign the
agreement, but were running on half-tim e during the same
period, covered machinery enough to bring the total of
spindles affected by the short-time movement up to over
5,000,000.
Our inquiries among manufacturers and others with refer­
ence to the course of the market and the year's results have
been more numerous than ever before. The replies cover all
classes of cotton goods. Taken as a whole they indicate
that while in the first half of tlie season operations
were carried on at a profit, there was in the last
half of the year, in most cases, a decided loss. In fact
we are informed by one o f the leading cotton m anu­
facturers in New England that the only goods he knows of
that at present leave even a small profit are heavy drillings
and sheetings made for export to China, A frica and South
America. Furthermore the opinion is general that the out­
look for the coming year is dependent wholly upon the re­
sult of the Presidential election. I f that is decided em­
phatically in favor of maintaining a gold basis, a return of
confidence and consequently an improvement in business is
looked for.
The print cloth market is a forcible illustration of the mar­
velous contraction in consumption that has taken place in
late months. It shows the state of general trade through
the effect this contraction has had on the demand for print
cloths. For notwithstanding the large falling off in pro­
duction stocks have not decreased at all since the curtail­
ment, but have slightly increased.
This is a surprising sit­
uation. "With the out-turn reduced nearly one-half, con­
sumption, which at the beginning of the year took the
entire make, has fallen off since then to such an extent as
not to require even this reduced supply.
A t the opening of
the season these goods were favorably situated in the matter
of stock and of margin for profit, prices being much higher
during the period from September to January than in either
1894-95 or 1893-94. But in November stocks began to accum­
ulate ; on January 1 they approximated close to 500,000
pieces, and on February 1 they reached 896,000 pieces. W ith
this accumulation came a depression of values, the quotation
for 64 squares dropping to 2% cents on April 1, with low
middling cotton ruling in the New York market at
cents, whereas on April 1 1895, w ith print cloths also
at 2^4 cents, cotton was only 6 cents.
Furthermore
the average price realized for 64 squares during the period
from April 1 to August 31 has been 29-100 of a cent less than
for 1894-95 (the comparison being between 2 ’48 cents and 2'77
cents), whereas low middling cotton at New York for the
months October to April, the period when stock is most
largely secured, averaged 7 9-10 cents per pound, against
barely 5% cents for the like period of 1894-95. In other
words, while manufacturers have on the average obtained 2
per cent more for their goods this year than last year, their
supply of the raw material has cost them nearly 40 per cent
more.
This unsatisfactory condition of affairs arises wholly out
of the fact, already stated, that except during the first
quarter of the season general business has been growing less
and less active all over the country until demand has
signally failed to keep pace with production. In only one
week between the first of November and the week ending
July 11 was there any reduction of stock of print cloths, and
that unimportant. Moreover, with the output practically

COTTON MOVEMENT A N D CROP OF 1895-96. 1readily
Our statement of the cotton crop of the United States for
the year ending Sept. 1, 1896. will be found below. It will
be seen that the total crop this year reaches 7,162,473 bales,
while the exports are 1,816,034 bales, and the spinners’ tak-j
ings are 2.538,551 bales, leaving a stock on h an l at the close
the year o f 232,678 bales.
Tho whole movement for the
twelve months is given in the following pages, with such
suggestions and explanations as the peculiar features of the
o f

year appear to require. The first table indicates the stock at
each port Sept. 1, 1318, the receipts at the ports for each of
the past two years, and the export movement for the past
year 11893-93) in detail, and the totals for 1891-95 and 1898-94.
Receipts Jot Y earl
ending—
POBT8.

Other
Chan­
Great
Sept. 1.
France
Foreign.
nel.
1893. Britain.

Sept. 1,
18W.

Louisiana.
T exii* .......
Florida —
O e o n jta . .. .
S o. Car'llnu
No.Car'llna
“Virginia ..
■Now York
B oston.......
Baltim ore
P h lla..........
P ortla n d . .
FYnc, Ac
’T otals—
This year
Last year
Prev. yr.

1,800,*84
199,710
i,ue,04i*
33,894
89-11.387
371.001
198,9:8
493.364
*59t44r
*197.902
•13,075
•45,414

E xp orts Y ear ending Sept. 1,1896.

3,5*4,115
240,220
1,733,328
31,314
1,087,724
586,4‘*2
268,182
770.823
•187.107
*167,940
•118,872
•154,106

713,704
1,005 306,951
72,060 .........
100,079
485,598
17,601
S5.777
28,899
100,247 .........
.........
1,770
40,053 .........
59,123
2,151
283,242 90,161 31,227
271,878; 2,390
2,018
58,371
7,921; .........
.........

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

Stock
Sept. 1,
1896.

Total.

596,41* 1,619,008 30.1.94
29,947 302,007 4,578
207,224 792,899 57,043
17,603
828,290 440,46*1 23,583
178,442 278,699 19,103
90,708 132,531 5,29i
2,'06
78,391
17,107
299,471 712,101 64,403
3,390 277,004 1,609
503
89,052 148,441
9,471
3,550
4,475
.........
35,451
36,702

2,106,977 105,613 468,444 1,87, .050 4,646,084 222,678
7,882,163 3,325,411 119,920,774,004 2.499,478 6,719,713 280,063
............ 5.983,392 2.761,306 138,016 58y,145 1,744,02: 5,231,494 183,737
f l T • T hese fljtares are only the portion o f the receipts at these ports w hich
Arrived by rail overland from Tennessee. &c.
5,394.375

The foregoing shows that the total receipts at the Atlantic

Kind G u lf shipping ports this year have been 5,894,875
bales, against 7,882,163 bales last year and 5,983,392 bales in
1893-94; ar d that the exports have been 4,646,084 bales, against
<5,719,713 bales last season and 5,231,494 bales the previous
season, Liverpool getting out of this crop 2,090,12 3 bales. If
now we add the shipments from Tennessee and elsewhere
direct to manufacturers, and Southern consumption, we have
the following as the crop statement for the three years.
Year Ending September 1.

1895-96.

w 1894-95.

1893-94.

.Receipts ar the shipp’g p’rts.balee
Add shipments from Tennessee,
Ac., direct to manufacturers...

5,394,875

7,882,163

851,788

1,157,251

820,490

Total............................. .
Manufactured South, not included
above.................................

0,246,663

9,039,414

6,803,882

915,SO

853,352

723,329

5,983,392

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

(w ig h in g 3,585,775,584 pounds) as the crop for year ending
August 31, 1898, against 9,892,766 bales (weighing 5,019,439,887 pounds) as the crop for year ending August 31, 1895.
The distribution of these crops has been as follow s:
1895-96.
1894-95
1893-94.
Takings f o r Consumption—
Bales.
Balen
Bales.
N orth .................................................. 1,670,744
2.154,170
1 ,6 1 3,97 1
South................................................ 915,810
853,352
723,329
Exports—
Total, except
To Canada by
Burnt during year.
Total distribute
Deduct—

.2,586,554

3,007,522

2.3 .7,300

.4,646,084
.
66,828

6,719,713
99,092

5,231,494
62,672

.4,712,912
4,088

6,818,805
42,171

5,294,166
2,997

.7,303,554

9,868,498

7,634,463

n
. 141,081

*24,268

107,252

9,892,766

7,527,211

Total crop..................................7,162
473
.7,162,473
# Net addition.

Consumption In the United States and Europe.
United States.— The

anticipations of an active and
profitable season in the cotton goods industry, which were so
general twelve months ago, and which prevailing business
conditions S( emed to warrant, have fallen far short of realiz­
ation. The year 1895-96 opened with stocks of goods well in
b ind, manufacturers quite fully employed, and prices of
goods fairly remunerative.
It closes on a market over­
stocked with goods, much machinery idle and the outlook
for the future to say the least uncertain.
Our records present no contrast so extreme as this within
a like period. Last September the tendency of the market

[You LXU1,

September 12, 1S96.]

THE

CHKOJNTCLE.

reduced one-half the last two months, the stock on August
22 1896 was 2,035,000 pieces, or only 2,000 pieces less than
on July 4, when the stock was the largest ever reported,
against 181.000 August 31 1805. W e have noted above that
the stock on February 1 1896 was 896,000 pieces; at the end
o f that month they were 1,161,000 pieces. During March
production exceeded deliveries by 265,000 pieces, in, April
138.000 pieces, were added, and this was further increased
during May 105,000 pieces and 366,000 pieces between May
30 and August 32, leaving the stock on the last-mentioned
date 2 ,083,000 pieces; in the last week o f the year there
was a slight reduction—the total stock August 31 being
1.948.000 pieces. It would thus appear that about one-fifth
o f the year’s production lias remained in the hands o f
the manufacturers. W ithout attempting to follow the
course of the market more in detail, we give the following,
which shows at a glance the relative position o f the raw
material, printing cloths and other standard goods on the
first day of each month during the past three years:

High.
1895-96 ... - Si»ia
1 8 9 4 -9 5 .... . 7%
ls93-94 . . . . . 8%
1892-93---- £»ia
1 8 9 1 -9 2 ....
18>0-91 . . . . -109,g
1889,90 . ... .12*1*
1888-89---- ■l U i ,
1 8 -7 -3 8 ---1886-87---- l l ’ ia
1 8 8 5 -8 6 .... 91*18
1 8 3 4 -8 5 .... l l h e
1883-84___
1832-33. . . . -1 2s,»

4B5
Low.
Av’ge.
High.
7% * 18*51-82 ....1 2 %
6 l , ia
lS-'O-Sl ....129*6
8
r>%
1879-SO. . . . . 13%
6*, 8
"H
8
1878-79. -----13" ,,
e%
1877-78 -..-1119,6
r»q
7H
7%
1876-77 ...,1 2 l3 1a
86s
1018,, 1875-76 ....1 4 %
(>»s
10
1871-75 ___ 1 6 q
oq
9t316 1373-71 . . . . 19 %
9ba
sq
1 3 72-73. ...,*2iq
1871-7*2. ....2 6 %
0
sq
oq
1870-71 ___*20%
10V
9%
10%
1869-70 ....3 4*4
10%
«q

Low.
111*8
911,6
10I1S
S7,b
9*s
10%
io q
13%
13%
18%
18
13%

18%

A v'ge'
11%
1019,0
11%
107,6
101816
H»16
12%
15
163,6
19%
211,8
163,6

23%

Prior to October 1, 1874, quotations were by old classifica­
tion. which was about %o. higher than new.
It is worthy of remark that, even though prices for cotton
the past season have not been as satisfactory as anticipated,
the financial returns from the crop are within about 10 per
cent of what was realized from last year's crop, notwith­
standing a reduction of nearly 30 per cent in the yield.
Turning attention next to a consideration o f the consump­
tion of cotton at the South the condition disclosed is found to
l>e somewhat more satisfactory. When the last season closed
Y e a r e n d i n g w ith A w j i u t 3 1 the mills were being fully op rated and all possible effort
4
4
^ s'
1 v S S» H was being made to get, into operation a number o f new fac­
s
a
t !
- -2
t l 1 1
l i
i f »■ £ 'c S i f
a a
tories which were then approching completion. W hile tho
| | !* i f l |
s * <
"at
5 *
’ ^3
i i
current year lias not been si> profitable as the preceding one,
U
1 §
1
1
i
i
J
a
4 1
*■*» .2
a % '<
*4
E i i
I 5
<
i
«5 and at the close margin for profit is very narrow, there, has
for the most part been sufficient inducement to keep the
1893.
180*.
1895.
machinery quit ' wad employed, though in recent weeks
CU .
CUt. C u . cu.
VU CU. CT*.
(n*. CT«. Ct*.
CU .
CU .
« 1 0% 2*63 there has been some curtailment, if has been reported
5
3 0 6 C71< 6
6
» q 2 * 8 7%
Sept 1 7 \
6s a
8*82 from time to time o f hit that a course similar to that taken
6
» q 2-S, : q
5 q 3 1 3 tl»l, 0
O ct. 1 8%
Cq 6
3*88 in Xew England to restrict production would be followed at
s q 3-31 5 »)« 5% i q 2-75 7%
Nov. 1 S he 6
r.q 2*75 7% s q \u 3*00
5% ■ q 3 *9 5%
D e c .l
the .South, but our reports contain very little confirmatory
1893,
1891.
1896.
evidence that such has been the cos •. There has been, an
5 q s q 2*«s! 7%
c q s q 2-9*
2*01 s lid, s ini;- resort to short-time within tint past month or two,
Jan. 1
6% 5 s 3-0* 5 q
2*57 7 » h tiq 5
2*37 hut it has been sporadic rather than general. Southern
Feb, 1 7 7,
S*» s q 2-T5 5*1.. s q 3
5 - 2*30 7®i » s q 5
2*75
5
2-75 s q
Mar. 1 7 h „ 5*, 5
mills have largely in m s d their export business, especially
2M> 6
5 . 2*50 7»l* a q to t 2*31
Apr. 1 7%
M* 5
2*87 «>5.« a q 5
i \ 2*50 a q
2*73 with China, to which country h savy shipments have lately
May 1 7>h* s q
»% 5
■2*81 7
2*89 been made and at better prtcas th i i ou il i b? obtained for
aq 5
JUIH.'I 7%
»q
1% £ r>»> 6 U „ 5 q
July t 7t * s q
5% 5* 2*S1 « « * !, c q 5
8*62 the same goods in the home markets.
t q 2*41
An*. 1 7 'l « s q
2*61
4*5 2*44 0 l ' ! « 5% 0* , 3*38 e%
cq 3
Following the plan so successfully pursue pby us the past
S sp t.l 7 « , » » %
3* . 3*“ 8 s % . 0
s q 2**3
4% 2 51' 7%
decade we have gathered this year ns full information as
Note.—Sbwlln(c»—Alienin' price* (for Atiantto A> are given. Printing
can be obtained coveting the operations .and development o f
clothe are manufacturers' net prices. Discount mi standard sheeting*
i* almost Invariably 5 p e rce n t f o r Lancaster glnglwuu» the prices in . Southern factories. During the past mouth we have procured
I from each mill returns as to actual consumption o f cotton
the pMaw-nt twaseik are ausjvet tv a discount of 5 per cent.
•Owls* to a prolooand -.trike at the Lancaster Mill* these gtogbam* in bate* and pounds and the number o f spindles and loon s
vet* hardly representative o f the market, Tte Aawskaag. » rer j added, working and id la, the past year, and also considers file
responding fabric, #dv*n c d to 5q p ,
l data with regard to new mills now building and contem­
The foregoing shows, month by month, the variations be­ plated additions to existing plants. The returns made to us,
tween the print cloth market this year and 1894-95 ami as in former yeans, have been extremely prompt and com­
1803-94, It will }»• observed that the opening months of plete. so that we can to-day give the actual condition in
1893-94 indicate a narrower margin o f profit for the spinner these particulars o f almost every factory in the South- The
thru the later months o f that year, whereas in 1894-95 the aggregates o f our detailed returns arranged by States are a s
position was directly the reverse. The current season we follows. It should b * remembered that these figures include
have referred to shove and the figures will serve to confirm (1) mills in operation all this year: (2) new mills started tip
our remarks.
■during the course o f the year; and (3, also a few mills which
In connection « « h the above another point w o f interest have been to operation this year but have stopped tempor* ****
to the commit-ration of other features of this arUy ttnd expect to start up again in 1896-07.
year’s cotton business, and that is the comparatively low |
( N um ber o f
Cntimmvtion.
prices for the mw material during the season. The certainty
No. o f
j A m ro0
stout.
that the yield would be less than in any recent year since
A p 'm g e '
Mm,
;No. Turn.
\SptmUtt Looms
Halt*. w ^ h fs, Psundfa
1888-89, only excepting 1992-03, and that consequently re­
to 1 n u m s
m m o l 17,OS1,874
mt
quirements for consumption beside absorbing all the crop vtriftme.
No. O a n M n a .
180
7!3,a9M t*J910
10
8 3*1
4 0*03 109/743,684
would very materially reduce visible stocks, encouraged a So, Carulinn,
m \fzm
ITK
> s m .s t r 2AK0
173-17 182.091,301
m ; m um
2<O.*05
14.0*6
15
item ptos^is.oas
belief in a very noticeable gain in the value o f cotton. Oec*iwt»— .
FliHida,.
.,r.r
....
While this belief received partial confirmation in the earlier Alabama.......
*8 | i m j m
3,107
m
m sm
t o l l 30,518,801
months, the advance in prices w m not maintained, and MlA»tMipp! .....
fi 58.104
14
17.370
toi-Ml 8,083,341
10,620
18
488*12 , 8.017.215
0 • ««.3Sa I M S
since the first of January there has been a considerable de­ tentstan*. ....
Tejott...........
7
12.255
.92.6*40
H
m
601*03 8.151,0*22
cline, temporarily arrested in May. but continuing later un­ Arkm- »*»,»,....
3
8.5(10 417*8" 1,881,800
no
11
9,000
til the quotation for low middling dropped below 7 cents in Tennessee ...
15
m s m jm
2,471
478*36 14 527.857
:<".371
Missouri. ..i.,TlO
i
20
1.467
m vu
7 3.400
July tsnd continued below 7 cent# until July 29, when an up­ Kentucky......
10
4 B «m
mt
80
10,071
4-0*78 9,601,683
ward turn set in which carried the quotation up to H > on
Total, ISOMie m
70.010
17
91530 470*12 430.543,330
August 21. Since that date there was a slight decline, the
Total, vm-w, m
mms
i«« 858.8-52 470*74 40!,7ORW
ruling price on August 81 having been 7?£o. The year's
Total, t«m»l. mt iMi.nn m,tm
average was
cents.
“ * 7«;i.3:*i. 463*84 jS35.509,»5T
36 7- 1ft 783,701 iOi •03*330.050.057
Furthermore in only three years since 1869-70 (1891-93, Tout, wmm mi |«,o8*a»7 to,*07
i*H 68 f.471
1893-94 and 1894-93t has the average price o f cotton for the Total, imam. m l,IO«.«l 40.608
u 18-id 905.U1H 159*23 278,266,100
season been lower than in 1395-96. For the purpose of -how- Total, 1*0.91. im :1,756.047 ASM!
13
188,74«
404 1 *7.010,080
lo g how this year’s prices compare with those for previous On». pit, 79-80 m * Mi,a» 1 ^ 9
STo t * . —M u c h t a w m a c h in e r y has b e e n w i t in operation w it h in t h e
years, we have prepared the following, compiled from our
l&nt f e w <n<Jntht», in c r e n e l u g t h e number o f e p u u lle e a p p r e c i a b l y
records, which indicates at a glance the highest, lowest and w it h o u t a ffe e ini? c o n s u m p t i o n t o ^ tiy e x t e n t ,
average price of tow middling uplands in Xew York for each
A feature of the development o f cotton manufacturing at
season since 1860-70.
the South the past few years has been the prominence there-

II

II

II

J

II r

[VOL. LXII1.

THE CHRONICLE.

436

in of New England mill owners. Three factories built en­
tirely with capital furnished by stockholders in mills in
Massachusetts have been put in operation this year and
others witli like backing are now being constructed. It is
hardly necessary to say that these new mills are large ones.
Bui aside from this the tendency at the South is now, and
has been for some years, to build larger mills or increase the
spinning capacity of old ones. The Henrietta (N. C.) mills
have in contemplation a further addition of 23,000 spindles
to its already extensive plant and enlargement to the extent
of 35,000 spindles at Clifton, S. C., and 40,000 spindles at
Spartanburg, S. C., are among the promises the future holds

Cotton.

1895-90.

1894-95.

1893-94.

1892-93.

T w ist & yarns
M anufactures

£
6,73-',830
1,612,995

£
5,672,024
1,465,650

£
4,974,133
1,208,425

£
0,773,482
1,327,175

£
£
5,771,033 0,543,304
1,204,002 1,159,275

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

8,343,831

7,138,080

0,242,558

8,100,057

7,035,035

1891-92.

1893-91.

7,702,039

ira r T h e official figures are Riven in rupees, and w e tu rn th e m in to p ou n d s
sterlin g on th e basis o f ten rupees to a poun d. T h a t o f c o u rse d o e s n o t m ake
allow an ce fo r the d ep re cia tio n o f th e rupee, b u t under the circu m sta n ce s it
probab ly m akes th e com parison as nearly c o r re c t as it can be m ade in valu es.

The shipments this year, it will be seen, exhibit a decided
increase over the total for 1894-95, and are greater than in
any previous year. A t the same time India’s export trade
in cotton goods is much heavier than that of the U nited
States, the aggregate value of her shipments for 1895-96
having been £8,343,831 or $40,600,000.
out.
W ith regard to the spinning power of the U nited States
The number of spindles per mill at the South in the last
season reached 7,767, against 7,389 in 1894-95, 6,751 in 1893-94 there is not much to be said. A s indicated above, a consid­
and 6,631 in 1892-93. The number of spindles in 1895-96 aggre­ erable number of spindles at present are idle in consequence
gated 57 per cent more than in 1890-91 and 27 per cent more of the business conditions, but the stoppage is only temporary
than in 1891-95. It should be borne in mind that these re­ and is merely adverted to here to prevent any misunder­
turns for the last six years include, as heretofore, only the standing of the table given below. The aggregate net gain
spindles in operation and those shortly to start up again. In in spindles at the North has not been as great as had been
a subsequent table for the whole country we include those expected at the opening of the season, but reaches about
idle for a year or more, omitting only those that are old and 100,000 spindles. A t the South, however, according to our
useless and permanently out of employ. It further appears information, through new mills and the enlargement of old
from the returns made to us that there have been 4 old factories, there has been an addition of 577,948 spindles.
mills running, 9,384 spindles stopped, and 34 new m ills W ith this year’s changes the number of spindles in the
running, 253,976spindlesstarted, m aking a net addition of 30 whole country at the close of 1894-95 and of the previous five
new mills sunning 244,592 spindles duri ng the year. More­ years would be as stated in the subjoined table. It should
over, the total new spindles added this year is 391,003 net, be said in explanation of our compilation of total spindles
showing that 146,411 of these spindles have been an increase that this statement represents all mills, whether in operation
in the spinning capacity of old mills. Aside from the above, or not (except such as have been closed with no present in­
we have knowledge of 15 new mills containing 119,540 tention of starting up again), whereas the details of South­
spindles which expect to start up within a short time, and ern mills by States given previously represent only mills in
there are 13 mills in course of construction but which will operation in some portion of 1895-96, or about to start up.
not be in operation until after the first of January. Exten­
Spindles.
1895-90.
1894-95.
1893-94.
1892-93.
1891-92.
1890-91.
sive additions to old mills aggregating fully 300,000
13,800,000 13,700,000 13,550,000 13,475,000 13,275,000 12,925,000
spindles are also contemplated in the near future.
3,011,196
S o u th ............
2,433,248
2,291,004
2,160,028
2,002,889
1,850,000
W e need refer to only a single other branch of the cotton
T o t a l ___ 16.811,196 10.133,248 15,841,004 15,041,023 15.277.869 14,781,000
goods industry; we mean the export movement, which this
American spinners close the year with mush smaller stocks
year has been greater than in any similar period on record.
of cotton. The takings through the year of Northern and
Growth in this department has been slow, but not through
Southern spinners have been as given below :
lack of effort to introduce our products in foreign markets.
Total orop of the United States as before stated.......bales.
7,162,473
The current year, however, gratifying progress has been Stock on band commencement, of year (Sept. 1,1895)—
made in a number of directions. W hile the shipments to
At Northern ports............................... 169,527
At Southern p orts.............................. 110,536— 281,063
Great Britain, South America, the East Indies and the Cen­
At Northern Interior markets.......... ...................
5,782— 285,815
tral American States have been less than in 1894-95, there
Total supply during the year ending Sept. 1,1898.......... 7,448,318
have been phenomenal gains in the exports to China, Africa
Jf tnls supply there has been exported
and British North America, the movement to China having
to foreign ports during the yea r..4,616,084
81,970 4,534,114
more than doubled. The table below does not include cotton Less foreign ootton included__ bales.
66,828
goods exported to China via Vancouver, B. C., which also Sent to Canada direct from W est............. . . . . .
B irut North and South........ . ................ .
...
4,088
reached a heavier total than in the preceding year. For the
Stock on hand end of year (Sept. 1,1896)—
fiscal year 1896 these shipments were 26,720 packages con­
At Northern ports..............................
70,990
taining 18,027,600 yards, against 21,230 packages or 13,398,At Southern ports ............................. 151,638— 223,678
At Northern Interior m arkets............. .............
4,016—4,861,764
000 yards in 1894-95, 30,309 packages or 20,589,000 yards in
Tot. tak'gs by spinners in the U. S. for year end. Sept. 1,1893 2,5 36,554
1893-94 and 25,686 packages or 18,295,800 yards in 1892-93.
Taken by Southern spinners (included in above total)........
915.810
In the table below we merely give—as stated above—the
Total taken by Northern spinners..................................... 1,670,744
aggregate exports as reported by the Bureau of Statistics,
* Burnt includes not only what has been thus destroyed at the Northand they record a gain the past year of $3,047,586. By re­ ero and Southern outports, but also all burnt on Northern railroads and
in Northern factories.
ferring, however, to the detailed statement published in the
These figures show that th9 total takings by spinners North
C h r o n i c l e of August 29, page 368, we find that the exports
and South during 1895-96 have reached 2,586,554 bales, of
to China increased 38,588,900 yards, or over' 111 per cent,
which the Northern mills have taken 1,670,744 bales and the
during the season, and that with but few exceptions other
Southern mills 915,810 bales. Our summary of takings and
countries took a greater quantity of our manufactures than
consumption on the basis of no stocks in the hands o f Northern
in the previous year. The official record of the last five
spinners on September 1, 1S75, reaches the following results.
years is as follows:
The width of our columns compels us to omit the results of
the years 1875-76 to and including 1889-90.
Y ear Ending Jun e 30—
E xp orts o f Cotton
M anufactures.

1898.

1895.

1894.

1893.

C c lcre d G ood s.........Yds. 58,747,729 58,407,743 61,538,408 43,016,108
Do
Value. 13,419,158 $3,444,539 *3,854,936] *2,802,463
U n colored g o o d s .. Yds. 180.391.836 125,790,318 124,349,278 100,776,006
Do
Value. $9,539,189 $7,034,078 *7.639,851 *6,306,022
O ther m ah’ f s o f.. Value. $3,879,039 $3,310,593 *2,845,897 *2,700,871
T otal cotton m an u fac­
tures e r p o r t e d . Value. $10.83-1

1892.
40,815,450
$2,484,360
142,938,871
$8,673,003
$2,068,251

$13,789,810 $14,340,883 $11,809,355 $13,2*6,277

A similar exhibit covering India’s shipments we have also
given for a number of years by way of comparison. It
should be borne in mind that if we were to go back to 1876
India's total would be very small, the value for that year
having been but £663,000, or say less than 3J4 million dollars,
while that of the United States for the same year was
$7,722,978. The record for the last six years has been as
follow s:

Takings and Consum pt'n.

1890-91. 1891-92. 1892-93. 1893-94. 1894-95. 1895-90.

Taken by—
Bales.
Bales.
Bales.
Bales.
Bales.
Bales.
N orth ern m ills .............. 2,031.025 2,212,032 1,747,314 1,613,971 2,154,170 1,670,744
Sou th ern m ills .............. 005,918 081,471 733,701 723,329 853,352 915,810
T o t. takings fr o m crop 2,637,541 2,893.503 2,481,015 2,337.300 3,007,522 2,586.554
47,217 101,387
Stock h e ld by m ills —
17,365 123,900 310,932 108,240
T o ta l y e a r’ s su pply —

2,654,900 3,017,403 2,791,917 2,445,510 3,054,739 2,747,941

GonsumpVn (estim ated) —
N orthern m ills ........... 1,925,090 2,025,000 1,950,000 1,675,000 2,040,000 1,780,000
605,916 631,471 733,701 723,329 853,352 915,810
Southern m ills ..............
T o ta l c o n s u m p t io n .... 2,531.006 2,706,471 2,683,701 2,398,329 2,893,352 2,095,810
T o t. su pply as a b o v e .. 2.054,906 3,017,403 2,791,947 2,415,510 3,054,739 2,747,941
L ea v’g m ill st.’ks Sent. 1

123.900

31 “ ,932

108.24-

47,217

161,887

52,131

The foregoing leaves stocks in spinners’ hands at 52,131
bales, and shows that the United States consumed* 2,695,810
bales.

Septbmbeb

13 1896.]

THE

CHRONICLE.

437

E U rope .—It is marvelous to note the almost uninterrupted concurrently with the development in general business
increase of cotton consumption in Europe. To be sure there there.
The modification o f the Indian import and excise duties, it
are years now snd then when a little set-back occurs in the
quantity spun, but those periods are infrequent, very short, is freely admitted, have removed many o f the obstacles here­
and are followed by others when the aggregate not only tofore existing to an expanding trade with that country.
reaches the old total again but passes beyond it in a greater A t the same time the 8% Per cent tax levied upon woven
percentage than the estimated increase in population would cotton goods, imported or produced on power looms in
British India, is claimed to act as a protection to cloths
warrant.
There was a time when it seemed as if the growth o f this made on hand looms in India and Burm&h, as these latter
Industry in Great Britain had reached its limit. In 1871-72 pay no duty. The weaving o f cloth on hand looms in India
the cotton consumption o f the United Kingdom was 3,015,- reaches much greater proportions, if current statements are
000 bales o f 400 lbs. each ; in 1878-79 its consumption was but correct, than is generally known, it being asserted that not
2,843,000 bales o f same weights, while during the intervening far from *200,000,000 pounds o f yarn is thus annually woven.
years the total was in no year much above the 3 million It is therefore not surprising that this provision is disap­
limit. All that time, however, the Continent increased its pointing to power loom manufacturers in India as well as in
consumption so rapidly that the aggregate for the whole of Lancashire, for it is argued that if so large an amount o f
Europe at the latter date (1878-79) not only showed the loss in yarn could be turned into cloth on hand looms under pre­
Great Britain had been made g o a l hut that the total for vious conditions o f competition, an important increase in
Europe had reached 5,439,000 hales o f 400 lbs. each, against production can be reasonably expected under present
5,073,0.90 bales o f 40 ) lbs. each in 1871-72, the earlier date. arrangements.
Taken altogether the year show's that the shipments of
That
-k and situation in Great Britain was, however,
special. Since then the enterprising spinners o f Lancashire, goods by Great 'Britain to foreign countries has increased.
in spite of protective; legislation on the Continent, o f wide During the first quarter, from October to December, the
tlu Unit ion* most o f the years in silver bullion and India movement, for reasons already stated, compared unfavorably
exchange, and o f other adverse incidents from time to time, with the same three months o f 1894, but the succeeding
have managed t > increase their us - of cotton very con­ quarters have in each case shown a balance in favor o f the
siderably: the current year, ending with October 1,1896, the current year. It is possible that the full year’s total will be
consumption has b lea a little larger than it was hist season— the heaviest ou record, A noteworthy feature has been the
probably the total for Great Britain this year will reach not larger amounts both of goods and yarns which have found
far from 4.160,000 bales o f 400 lbs, each. The Continent aeir way to China and Japan. In 1894-95 these countries
has likewise been almost constantly enlarging its spinning took of English cotton goods 525,697,000yards, or slightly
pow er: this year it lias probably manufactured 5,300,000 more than in 1898-64, but for the current year the total is
bales of same weight, so tiiat the aggregate consumption 679,883,000 yards, or a gain o f 154,183,000 yards, equaling
Takings by India also show in
o f cotton in Europe in 1885-96 lias approximated the very nearly 30 per cent.
large amount of 9,360,000 bales o f 400 lbs. each.
the aggregate a small addition to the previous year’s total,
For a correct understanding of the comparison with a while in the shipments to South America there is afri excess o f
year ago it is necessary to state tiiat last October Mr about 10 per cent over 1894-95. Political and other com ­
Ellison, in preparing his annual review, found his curreut plications have interfered materially with operations on
weekly estimate of the consumption for the year ending Turkish a ccou n t: as a result the movement in that direction
with October 1, t893, had b*ien too large for Great Britain, shows an appreciable falling off. We give below a state­
nd that ha cons?qum tly reduce! the weekly average to ment showing first the shipments o f goods and yarns by Great
78,461 bales of 400 lbs. each. Made up on that basis the Britain to India, stated separately for two years, and in subse­
cotton consumption in Great Britain in 1894-93 was 4,080,000 quent columns tin- similar figures for China and Japan given
bales of 409 lbs. each and on the Continent was 5,096,000 together. Each movement is presented in three columns; the
bales o f sams weight, m aking the total in Europe for that first column covers yarns in pounds, the second piece-goods
year 9.176,O'M bales and the weekly average 176,461 bates. in yards and the third the total o f both yarns and goods in
The currant year, ending with October t, 1896, if present pounds. Three ciphers (000) omitted.
ORS.lt BtUTltN’ a KXPOBTS.
exp •citation-i are realized, will show when the returns are all
— To India.---------. —To Chinn and Japan.—
in a weekly consumption in Great Britain o f 80,000 bales
Yarn,
Goods,
Total,
T a m , Goods,
Total,
Yards.
in lb’ .
1894-05.
lbs.
tbs.
Yards. in lbs.
and on the Continent o f 100,000 bales, making, as stated
Oct,-Dec. q u a r ... 12,934
075,55a 140,345 4,142 84.011 20,076
above, the twelve months’ total 9,380,000 bales for the whole Jan.-M ar. qunr .13,053
550,230 119,025 8.425 140,953 35,572
Apr.-Jonequar. ,11,513
455,989 99,335 8.793 134,959 32,788
o f Europe, with a weekly average o f 180,000 bales.
July-Sept. qu*r ...1 0 ,3 3 0
514,307 109,408 8,-475 165,17-4 40,287
Since the season now closing opened the trade has improved,
T ota l................*7,950 2,100,078 468,113 27,837 525,097 128^723
the latest months having been the best, especially in Great
-To Tndla.-To China and Japan
Britain, notwithstanding the falling olf the last half o f the
1'aru, GootU,
Total,
Yarn, Goods,
Total,
1895-96—
lbs.
in lbs.
Yard*.
lbs. Tar di.
in tbs.
season in the demand from the United States. It null be re­
O ct,-Dec. qtinr.. 0.540 467,702
90,854 8,797 136,038 44,637
membered that from the producers’ point o f view the year Jan.-M ar. q u ar.. .13.048 550,533 118,020 7,703 202,413 46,634
pr - J u n e q a a r ., .14,882 582,009 126,777 7,001 135,351 33,990
ending with October 1, 1893, although the distribution of A
Juty-Sejlt. quat* . .13,000 30-1,000 128,000 11,500 156,000 41,500
goods w a s large, was an unsatisfactory one. The busbies*
T otal......... ...5 0 ,4 4 0 2,198,334 473,351 35,961 679 882 168,761
was done under such unfavorable conditions m to pay the
♦Estimated
tor the quarter on tUe July movement.
manufacturer poorly. We may state as a rule, having but
Our totals of pounds in the foregoing are o f course inexactfew exceptions, that a constantly declining market for the
raw material, the chronic condition in 1894-95, makes We prepare them ourselves and believe them to be fairly
a bad market to sell goods on, Though the outlook in close approximations. It should also be remembered that
Europe to-day is much more promising, yet from October the current year’s figures are e s t i m i t e d for the last two
1895 to December 1895, inclusive, current events did not months of the last quarter, but the previous year's results
favor th - manufacturer.
Prices for the raw material are the completed official totals in all respects, except that
advanced faster than the pries* for goods, and conse­ the aggregate* in pounds are prepared as just stated.
In connection with the foregoing we have compiled a
quently the margin for profit was very slight. In this case
the trouble in large part arose out o f a restricted demand for general statement which covers the total exports from Great
goods from India, England’s largest market. This was due Britain to all countries o f cotton goods and cotton yarns and
to an impending change and settlement of India’s import also a total o f both, reduced by us to pounds to perfect the
duties. But other matters which interfered more or less comparison. Tho results by quarters only arc given here,
with trade development were the situation in Turkey, the j the statement by months appearing in our cotton report
unfortunate- Transvaal affair and the Venezuela episode. ' generally the third Saturday each month. That the reader
After the announcement in February of the modified duties may not be misted we repeat with reference to this statement
in India, demand from that quarter noticeably improved, j what we have just said with reference to the previous table,
and generally during the last half of the season that for the last two months o f the last quarter of the current
manufacturers have had little to complain of. All the year season the figures are estimate Ion the basis of the July move,
through the hum? trade of Great Britain in cotton goods 1 meat, the official statement for those two months not having
has not only equaled last year’s, but lias increased somewhat been published as we write. Three ciphers arc omitted.

438

c h r o n ic l e .

the

G ftK AT B R IT A IN 'S COTTON O OOOS R X P O R T S F O R T W O YBARS.
___________ 18J5-00.---------------- .
.-------------- 1 M 1 -9 5 .- — — •-!

yarns.

Pl-c-O 'm U

Total.

Y .ra. Piece Gooto.

w

JVtaL

n f tf # ta t

Tl(UI .......... ......... »7 .,l .1
5.143,451 l.S J i.U R *75,831
T i s f i i n U e d for tho quarter on the July m jre m e n t.

5,124,381 1,23!. 101

Tlie-s.- total results show what wa hive before referred to,
that measured in pounds the export movement has been
heavier the current year than last year. W e can go even
further and state that if our estimate for the last two months,
of this season is not excessive it has been larger than in any
one of the last twelve years, the period during which we
have kept the record in this form ; in fact earlier statistics
furnish no total so heavy as that now given.
To complete this rec >ri wo give bslow a brief summary of
prices, the stateui ?nt being made to cover the last three years
s i ' hat the figures may reflect the comparative situation.

lAverjiool

£ |
©
53 O
SS

§•«
9 ?
w&
m

S' 1
v- t.

d. s. d.
7
5 7
73,. ft 8*4
Oct 31__ 4 *
Nov. 30... 4 " ls 7 >8 5 O1^
Average /
8ep.-!for. S 42332 71,2 5 7%
7*8 5 65,
Dec. 3 1 . . .
7*6 5 euj
Jan.31 — 4 ®8
6% 5 4*i
Feb. 2 0 .... 4«y
Average J
7
5 6
Dee.-Feb. 5 iki
Mch. 31 . 41332 cm,. 5 6i«
615 s 5 6*1
April 30..
May 31 —
•1*16 6’ b 5 6*,
Average )
6U12 5 623
Alar.-M’g i
6213r
5 S'*
June 30.. 3151B
July 31... 3 3 » :$3 62I3S 5 ft*
4B32
5
952
August 31.
71*32
Average I 4124
5
71„
6’
6
J*ne-Aug >
d.

1833 91.

1894-95.

1 s!) -96.
S’ J
< ©
=5
d.
317*
3°33
35 2

§” S
9 J
2 «

ee ^
©v
? *

2 .
la 1

^ a.

I ®

s.
a

d.

8833

6
4*i
57fl 5 4*1
52°„2 5 2^
5?8 5 4

1^2
3
3

51*
514
55,2
5&16

5 0
4 11^
4 101-2
4 ll**

521.2
«
6532
01'i8

5
5
5
5

3ll,e 5293.
3ll,s 5*1
4732 65,8
37e
6

ft
5
5
5

35,8
3=8

3'8
3*6

cc

i t
f 5
< s

■ 0 a.

s.
6
8
6
6

d.
8
9
7^
8i3

d.
4Lg
4*16
4716
4>*

d.
7 ms
77,s
7!l6
7*1,

4V»

6i3ifl|6 5^4
6 6
634 6
61-V 6 4-8

4*e

45„4
3 >4 4*16
2
4ll«
3% 41,4
213 4’ 48
2* 315l#.
1
313 e
4*2 3 1 ^ 1 0
2*1 341,8

62732 6 2M
6*1 2 D 11%
5 9 *2
62ls. 6 0
6*8 5
63,8 5 6«s
6°3J 5 6
614 5 7

It will be observed that the season of 1895-9G opened with
manufactured products ruling higher in value than at the
same time in 1894-95, but much lower than in 1893-94, the
comparison with the earlier of the two years being unsatis­
factory in a marks 1 degree, for while on September 30 this
year cotton was quoted 7-32d. higher than in 1893, the price
for shirtings was 13)od. lower. Later on the comparison
became less unfavorable, but for the entire year 1895-96 we
tlnd that tbs average price of middling upland cotton in
Liverpool has been higher than in 1893-94, whereas on the
other hand shirtings have averaged only about 5 shillings
G>£ 1. this year against 6 shillings 3d. in 1893-94.
W e now add by months the course of the Manchester goods
market during the season closing with August 31, 1896, and
also the Liverpool cotton market in the same form for the
same period. These summaries have been prepared for this
occasion with great care and the details will we think prove
an interesting and useful record for reference.
S eptember .— Manchester.—The advancing tendency of the
market for goods noted in August of 1895 continued into
September in sympathy with the course of the raw material.
But the unwillingness of buyers to operate freely at the
higher quotations served in a great measure to hold in check
the disposition of manufacturers to advance prices of goods
to the point which the added cost of cotton seemed fully to
warrant. The volume of transactions was somewhat dis­
appointing at the opening of the month, but about the 15th
a better demand set in, au improved inquiry from the East
being noticeable. The advance in yarns for the month
reached over *.£d. and in shirtings ranged from ty2 to 2d
Exports of yarns and goods from Great Britain (all reduced
to pounds) were 103,994,000 lbs., against 102,821,000 lbs. in
September, 1894. Mr. Ellison's estimate of consumption for
the month was an average of 80,000 bales of 400 lbs. each
per week in Great Britain against the same average in 1894
and for the Continent 98,000 bales of the same average
weight against 93,000 bales last year.
Liverpool.— Crop
advices from the United States were the controlling factor
in the cotton market during September, current reports in­
dicating a smaller yield than previously anticipated. A t the
same time a nervous feeling prevailed at the opening of the
month caused by a fear that the rapid advance in August
might not unlikely be followed by a reaction. But, although
fluctuations kept within a narrow range during the first few
days, there was a net advance o f l-82d.l>y the 6th, and by the
11th a further gain of J8d. had occurred. The next few days
11» - tendency was downward,in sympathy with New York but
a strong tone developed on the 19th, and the trend of prices
was upward from that date to the close. On September 2nd

[V ol . LX III.

middling uplands ruled at 4 7-32d., or 13-32d. higher than on
the corresponding date in 1894, and at the end of the month
the quotation was 4 23-32d., or an increase of 1 3-16d. com ­
pared with September 30, 1894.
O c to ber .— Manchester — Trade in the cotton-manufactur­
ing districts of Great Britain was not satisfactory during
October ; this was chiefly a result of the course of events in
the market for cotton,
ihe demand for goods was also dis­
appointing ; for home use it became more active, but the
export inquiry fell bslow expectations, transactions for India
in particular being comparatively light. As a consequence
of this restricted export demand for cloth and the unsatis­
factory prices ruling, the stoppage of some machinery was
announced. For yarns the rates obtained were slightly more
remunerative, but the volume of business was only moderate.
Yarns and goods exported from Great Britain (all reduced to
pounds) were. 112,334,000 lhs(., against 117,518,000 lbs in
October, 1894, Consumption of cotton in October was re­
ported at 82,000 bales per week in Great Britain and 100,000
bales on the Continent, against 81,000 bales and 95,000 bales
respectively in 1894. Liverpool — The general tendency of
prices for the raw material was upward from the 1st to the
18th, inclusive, the
b u ll” movement at New Orleans m a­
terially assisting.
During the period mentioned, after
almost daily fluctuations, a net gain of ygi. was secured,
middling uplands being quoted at 4 29-321. on the 18th.
W ith the collapse of the New Orleans corner prices gave
W i i y , a decline of 3-32d. occurring on the 19th, followed by a
loss of 3-16d. on the 21st and a further drop of l-33d. on the
24th. A t these lower prices an improved demand set in,
which served to give a steadier tone to the m arket, and
brought about an upward turn to values, the last six days of
the month witnessing a recovery of 5-32d., middling up­
lands closing at 4% d ., or a gain of l-32d. over the final Sep­
tember price, but a loss of 5-32d. from the highest price Of the
month.
N o v e m b e r .— Manchester.— The feverish condition of the
cotton market under which the goods trade labored during
a great part of November was not favorable to active busi­
ness. As a consequence of the frequent fluctuations for the
raw material, frequent alterations of the basis on which
sales of goods could be made were rendered necessary and
transactions therefore were restricted. Furthermore the
strained relations existing between Turkey and the Great
Powers as a result of the massacre of Armenians in Asia
Minor also interfered with business. For these reasons, in
the early part of the m onth there was a partial stoppage of
machinery, and although an improvement in demand oc­
curred later the dealings were at figures that left but little
margin for profit to the manufacturer. The home demand
and the inquiry for China was good, but for India and Tur­
key it was poor. Yarns and goods exports from Great
Britain were less than in October, reaching 106.602,000 lbs.,
against 109,339,000 lbs. in 1894. The rate of consumption by
the mills, both in Great Britain and on the Continent, was
estimated the same as for the previous month. Liverpool —
Both unfavorable political and financial news were adverse
factors in the cotton market during the greater part of No­
vember. On the first of the month middling uplands were
quoted at 4 25-32d., or 1-32 higher than at the close of
October, but on the 2nd there was a recession to 4 23-32d.,
this loss being recovered on the 4th. The next few days
fluctuations were within narrow lim its, but on the 9th dis­
turbing political advices from Turkey caused a sharp drop
of ]/sd., carrying the quotation for middling uplands down to
4 19-33d. On the 12th there was a further loss of l-32d., due
to the fact that the Agricultural Bureau report was not as
unfavorable as expected. During the remainder of the
month the market moved up or down, mainly on the varying
tenor of the crop advices, but in the last days stronger cables
from Am erica stimulated an upward m ovement which car­
ried m iddling uplands up to 4 23-32d again.
The close
was at 4 ll-1 6d ., or a loss of l-16d. from the final October
quotation.
D ec e m b e r .— Manchester.—The m onth opened with a fair
amount of business in progress, but to a considerable extent
operations were on the basis of some concession from cur­
rent prices. The condition of affairs in Turkey and the pros­
pective change of the Custom duties in India kept the de­
mand for export under the December movement of a year
ago.
Home requirements were, however, so large that
towards the middle of the month there was a hardening of
market values, and the volume of transactions on the whole
was estimated to be somewhat in excess of recent months .
The Venezuela incident had only a temporary and slight
effect in the market, the decline in the raw material being
only partially reflected in the quotations for the finished
product.
Exports of cotton manufactures from Great
Britain were during December (yarn and goods reduced to
pounds) 101,075,000 lbs., against 104,959,000 for the same
period of 1894. The previous m onth’s rate of estimated con­
sumption of raw material, both in Great Britain and on the
Continent, was maintained. Liverpool. —The general ten d­
ency of the market for the raw material was downward in
December. This was due m ainly to advices from the U nited
States, showing as they did a continued large m ovem ent of
the American crop, leading to higher estimates respecting
the yield. There was a temporary and slight recovery on the
publication of the Agricultural Bureau’s estimate on the 10th
m st. of 6,375,000 bales, but those figures were not credited.
Still the fluctuations were within a narrow range, there being

September 18, 1898.]

THE

CHRONICLE!

439

between the first and middle of the month a net decline of was steady at 4 13-32d,,or l-33d. above tlie February closing
only l-32d. During the remaining two weeks, however, a price,
further loss of 4-32(1. was recorded, the close beingat 4 TT-33d.,
A pril .—Manchester.—The principal feature of the cotton
o r a falling off of 343d. from the final November quotation. goods market during April was an easing off in the demand,
This decline toward the close o f the month was aided by especially in the early half o f the month, which was not
the publication of the Venezuela message.
altogether surprising after the rather large business trans­
J.iXV arv. — Maiwh - iter. —.Some expansion of business was acted in preceding months o f 1896. A further decrease in
reported during January, both for export and home con­ exchange rates militated against operations with India, and.
sumption, but operations were still carried on in a cautious the inquiry from China was disappointing. The condition o f
manner. The cautious attitude was in great measure due affairs—financial and political—in the United States was
to political questions, chiefly the South African affair and also o f a character to disturb the current of trade. Toward
the uncomfortable condition of the relations existing be the end of the month an improved demand from India and a,
tween Great Britain and Germany. The unsettled com ­ disposition from some other quarters to operate more freely
mercial and financial situation in the United States was gave quite a stimulus to trade. In some instances slight
another influence acting in the same direction, doubt being concessions from ruling quotations were necessary, but gen­
felt whether the latest effort to replenish the Treasury gold erally prices were firm and unchanged throughout the
balance would be effective in building up the gold reserve month, and at its close manufacturers were reported tribe
Nevertheless, as already stated, a fairly satisfactory trade in' well under contract. Exports of yarns nod goods IV •.
cloths was carried on during the month at about the same Great Britain were less than in March caching oulv hi2,figures as in December, and a little more activity in yarns 8&4J.KW lbs. and fell a little below April o f $15, when the
was displayed. Exports o f yarns and goods from Great aggregate was 103,477,000 llw. The estimated consumption
Britain were freer than in recent months and reached 109,- of cotton for the month ha Great Britain was reduced by013,000 lbs., against 116,640,000 lbs. in January, Iky;,. Mr. Mr. Ellison from 83,000 to 80,000 hales per week: on the Con­
Ellison’s estimate o f consumption in January was the same tinent the rate was continued at 100,000 bales. Liverpool —
as for the preceding month. Liveraoot. —The market opened As during March, the market was largely influenced bv the
on January 2nd at an improvement o f 1-161. over the dosing crop movement in the United States. At the opening o f the
quotation of December and made a further gain of l-.TJd. on month the tone was steady, with middling uplands quoted at
the following day. middling uplands ruling at 1-,,-1. The 4 13-324.. but the light demand from spinners, coupled with
political situation at home and cable advices from America, the free rr*i> movement in America, led to a decline o f 1-324.
indicating smaller takings o f cotton by American spinners, on the 1fth and there was a similar falling off on the 13tli.
were adverse influence- in the market during the succeed­ A recovery of t-32d. occurred on the 14th on smaller receipts
in g fortnight, and brought about a decline which, although at United States port-and towns, and on the 23rd a better
temporarily arrested on the 0th, did not culminate until the inquiry from spinners carried the quotation up to 4 13-32d.
16th, when middling uplands were quoted at Ibid., the i*»s in During the remainder o f the month fluctuations were within
the interim having been !,4 . Lower prices and smaller re­ narrow limits, the close being at 4 13-324.. or the same as the
ceipts at American ports stimulated buying, which, with the opening quotation.
stronger statistical position o f the staple, led to a gradual re­
M.\Y.—Manchester —The course of the cotton goods trade
covery o f all the preceding decline, the dose being at 4'-ad.. during May was quite satisfactory. Notwithstanding the
or a gain of d-82d. over the quotation o f December HI.
downward trend o f prices for the raw material, manufac­
February.—MnnchetUr —Thedevelopments in the market turers maintained quotations firmly and moreover succeeded
for cotton manufactures during February were on tin- in placing a very fair aggregate volume o f goods. A feature
whole quite satisfactory. A t the opening o f the month the o f the month was the improved demand for foreign markets,
demand was only fair, out a gradual and steady increase in and as a result of the orders booked producers were stated to
the volume of transactions was noticeable-as the month pro­ be well under contract at the close o f the month. Yarns
gressed, and at the dost? the situation was such as to en­ and goods exported from Great Britain reached a smaller
courage a very hopeful feeling for the future. The main total—68,762,000 lbs.—than in the preceding months or than
causesoperating to bring about the improvement were the in May, 1805, when the shipments were 104,081.000 lbs,,
rise in Indian exchange and the abolition by the East Indian but sufficient time had not elapsed for the better busi­
Government of the 5 per cent import duty on yarns and the ness transacted to be reflected in the exports. Estimates o f
reduction of 1 per cent in the duty on piece goods, and the cotton consumption remained the same as in April. Liver­
improvement in silver. These events not only stimulated pool.—At the opening o f the month an increase in the de­
dealings for the East for current account, but enabled pro­ mand from spin tiers gave strength to the market for the
ducers to make engagements for some time ahead. As a re­ raw material, and the quotation for middling upland rose
sult looms usually employed on goods for India, but which 1-104. between the 1st and the 6th. Subsequently, however,
were standing idle, were again put in motion. Exports of with a slackening o f inquiry, a rather free movement of the
yarns and goods were more liberal than ill any month since current crop, favorable advices with regard to the next crop
October, 1H85, reaching 110,726,666 lbs., against 100,773.000 and th.- bad condit ion o f trade in the United States, the
lbs. for the like period o f IMW. Consumption o f cotton In market became weak and the tendency of prices was down­
Great Britain and on the Continent in February, according ward. in fact between the 7th and 27th, middling uplands
to Mr. Ellison, was the same as in preceding months. Liver­ dropped 5-161., closing at t 5-33d., or a loss o f 'qd. for the
pool —Notwithstanding the better feeling in the manufac­ month.
turing districts the market for the raw material was a
JrxK.—Manchester.—The situation in Manchester during
dropping one. This is osoribnbk- to the fact that there was June was much more satisfactory than it had been for a
art indisposition to operate largely until more certain infor­ long time. The improvement- in the cotton goods trade,
mation about the next American crop had been received. which began early in May, continued and became more de­
The general tendency of quotations was downward, the de­ cided as the month progressed, and at the close of June
cline being but temporarily arrested. On February 1 mid­ manufacturers generally were- stated to be well supplied
dling uplands ruled at I i!f-32d. and on the 20th were quoted with orders, ensuring the full operation o f all machinery for
at 4 Ad,, or a loss of “id . from the final January price.
some weeks ahead. Prices also were well maintained in the
M a r c h , —Manvhenter.—During March the market for cot­ face o f a declining market for American cotton, thus in­
ton goods exhibited further improvement, but it was more creasing the margin of profit to the producer. The demand
noticeable in a widening o f the margin for profit than in for India and China was good. The outlook for the future
any particular increase in the volume o f business. At the was <>a Jane 30 considered to be highly favorable. The ex­
same time transactions were of fairly satisfactory dimen­ ports o f yarns and goods from Great Britain were
sions, current productions being quite fully absorbed, 100,605,066 lbs., against 110,349,000 lbs. in June 1805.
furthermore, at the close of the month inamifacturers were The previous month's rate o f consumption of the raw
pretty well supplied with contracts for later delivery. The material, both in Great Britain and on t he Continent, was
drop in the. exchange rate interfered somewhat with opera­ maintained. Liverpool.—In the market for the raw material
tions on Indian account and the demand from China was interest naturally centered on advices from America; these
not up to expectations, but this was fully offset by better were not favorable to cotton. In the first place reports as
trade with South Am erica, Turkev and Egypt. Quotations to the condition o f trade in the United States were such as
for both yarns and goods were marked up between the 10th to indicate a lessened consumption o f cotton the remainder
and 20th. the addition in the ease of yarns ranging from 3-16 of the year; besides that the acreage planted and condition
to 'id ., while shirtings advanced about lU d, Exports of of the plant gave promise o f an enlarged yield in 1896. The
cotton manufactures were free, being slightly greater than general tendency o f prices was consequently downward at
m February, reaching 111,087,000 lbs., against 106,858,000 the opening, and by June 4 middling uplands had declined
lbs. in March 1865, The estimated cotton consumption by the 7-82-4. from the final May price. On the 0th there was a rise
mub, both in Great Britain and on the Continent, was as of 1-16(1.. but. between the 8th are I 10th tho quotation rereported for previous months, Liverpool.— The market for ee4ed 5-32d.; but this loss was fully recovered by the 18th.
cotton was almost wholly under the i ; fluence o f advices from Between that date and the close o f the month there were
America nearly ail the month. At theopening the tendency almost dady fluctuations, hut the net result was a decline of
was downward, due in large part to reports indicating a 1-161.. middling uplands ruling at 3 18-lfld., or a drop o f
considerable addition to area for the next crop; between the 7-32d, from the quotation of May 37.
'.nd and 6th prices fell off i*d. An upward movement set in
J uly .—Manchester.—T he improvement in the cotton goods
on the following day, and by the 10th the previous loss was trade of Great Britain continued into July, and during the
more than recovered. During the remainder of the month first week of the month transactions were of large volume.
the ton - wa« for the most part weak, but fluctuations were Subsequently the downward course o f the raw material
within narrow limits. A loss o f l-33d. on the 13th was re- caused buyers to withdraw from the market or reduce their
00,v.e'J',>‘' 0,1 l *1" 14th and the current quotation— 4 18-32d. for bids, and in consequence trade was restricted somewhat.
middling uplands— was steadily maintained until the 21th, On the whole, however, the month's dealings in goods
when prices dropped back M §d, On the 31-t the market reached a large aggregate. About the middle of July it was

440

THE CHRONICLE.

[VOL. LX1II,

ii

f|

W ORLD’ S SUI’ PLV AXI) DISTRIBUTION OF COTTON.
ourul necessary to lower quotations. the reduction in yarns
b e i n g 'K<i!3-10d. and in shirtings l@ l*.fd . Trade for India
Crops.
Balance o f year’s supply.
Visible
was less active, but there was a much better demand for
! Total
Turkey and the Levant than for many months previous.
A ctual
End o f T ea r.
Invisible
Supply
ConTotal
Exports of cotton goods from Great Britain during Jiily
B u rn t
o f Other
begin'nj
sum pVn. i Visible. j In vlsiCrop.
reached a total of 119,167,000 lbs., against 115,630,000 lbs. for
<tc.+
States.
Countr’s
o f year.
1 ble.
the like period of 1895. The preceding month’s rate of con­
...
sumption, both in Great Britain and on the Continent, was 1872-73. 2,453.000 4,283,001 2,033,000 0,306,000 6.425,000 1.591,000 729,000 74,000
maintained. Liverpool.—Crop news from the United States 1873-74. 2,320.000 4,597,000 2,320,000 6,917,000 0,632,000 1,682,000 843,000 80,000
shaped the course of the Liverpool cotton market. A t 1874-75. 2,525,000 4.216,000 2,309.000 6,525.00C 6,058,000 1,619,00(7 705,000 70,000
the beginning of the month reports were somewhat un­ 1875-76. 2,324,000 5.171.000 2,018,000 7,189,000 7.082,000 1,732.000 014,000 85,000
1.397,000 6,830,000 7,140,000 1,318,0001 643,000 75,000
favorable. and the tendency was upward. A rise of l-16d. 1876-77. 2,346.000 4,933,000 1,506,000
6,931,000 7,272,000 1,214,000 , 826,000 80,000
1877-78. 1.961,000 5,425,000
occurred on the 3rd and l-33d. on the 1th. middling uplands
77.000
4.771.000 2,022,000 0,793,000 6,868,000
then ruling at 4 l-33d. Prices declined l-32d. on the 6th A v e r s e
and again on the 8th, followed by a recovery of l-32d. on the 1878-79. 1,510,000 5.637.000 1,398,000 7,035,000 7,223,000 1,068,000 199,000 85.000
9th. During the remainder of the month crop advices were 1870-80. 1,267,000 6,556,000 1,894,000 8,450,000 8,081,000 1,499,000 49,000 88,000
mainly favorable, leading to a downward turn on the 11th, 1880-81. 1,543,000 7,519,000 1,837,000 9,350,000 8,646,000 1,922,000 240,000 90,000
which' culminated on the 27th after a loss of %&. There 1881-82. 2,108,000 6,073,000 2,510,000 8,583,000(9,035,000 1,302,000 254.000 100,000
was some recovery in the final days on reports of damage 1882-83. 1,610,000 8,058,000 2,350,000 10,408,000 9,499,000 1,704,000 701.000 120,000
by drought, etc., and the close was at 3 29-32d. for middling 1883-84. 2,405,000 6,485,000 2,434,000 8,919,000,9,290,000 1,505,000 4:34,000 95.000
A v e r’ge
90,000
uplands, or l-32d. below the quotation for June 30.
0,721,000 2,071,000 8,792,000 8,029,000
A u g u s t . — Manchester.—The
goods market in August 1884-85. 1,939,000'0,420,000 2,007,000 8,427.000'8,597,000 1,230,000 419.000 90,000
was affected by the course of cotton. The rapid advance in 1885-86. 1,679,0 1017,430,000 2,100,000 9,580,000 9,371,000 1,210,000 590.000 83.000
quotations for the raw material was naturally followed by a 1886-87. 1,800,00017,450,000 2,478,000 9,928,000 0,757,000 1,248,000 593,000 130,000
marking up of prices for the finished product, which served 1887-88. 1.841.00018,000,000 2,100.0 '0 10.100.000'10167000 905,000 049,000 160.000
to restrict in some measure the volume of transactions. 1883-89. 1.614,000 8,079.0)0 2,350,000 10,429,000 10321000 902,000 597,000! 120,000
1889-90. 1,499,000 8,525,000 2,580,000 11,105,000 11055000 1.120.000 814,000 [ll5.000
The tone of the market was strong throughout, manu
7,659,000 2,269,000 9,928,000 9,912,000
117,000
facturers being unwilling to book orders at any concessions A v e r’gp
from current rates, especially as they were, as a rule, quite 1890-91. 1,434,000 j 10170000 2,488,000 12,653,000 11726000 1,703,000 500,000 100,000
fully employed on engagements entered into during June 1891-92. 2,200,000 103)0100 2,3d0,000 13,190,000 11721000 3,903,000 047,000 125,000
and' July. The advance in prices was not very important, 1802-93. 3,610,0)0 8,044,0 0 2,095.000 10,734,000 11348000 2,420.000 456,000 111,000
being in yarns about 11-16(1. and in shirtings 3)^@4d.; the 1893-94. 2,885,000 3,9 30,00 12,719,0001 11,639,000 110540)- 3,287,000 420,000 163.000
higher prices were maintained throughout the month, even 1894-^5. 2,707,000 2050000 2,903,00 > 14,053,000 12605000 3,7-25,00" 1205,000!225,000
after the drop in cotton had set in. Liverpool.— As during 1895-96. 3,930,000 3.640,000 2.500,000 11,140,00 j 12575000 1,539,000 781,000 175,000
July, the market for cotton was almost wholly under the in­ A v e r ’g e ............ !9,771,000 2,465,"00 12,236,000 119380. hi
.........i
..........i 150,000
fluence of crop advices from the United States. Reports
To illustrate tlie preceding, take ttie last season, 1893-95, and tlie
of damage from drought and heat led to an advance upon
the resumption of business after the holidays. On the 5th results would be as follows :
there was a rise of 3-16d., followed by a gain of 3-16d. on the Supply—V isible and in visible s to c k begin n in g o f y e a r .............................. 3,930,000
T otal c r o p d a rin g y e a r ................................. . . . .............................. 11,140,000
succeeding day. Quotations were further marked up l-16d.
on the 7th anil again on the 8th, middling uplands ruling at
T o ta l s u p p ly —bales o f 400 lb s..................................................... 15,070,000
4 3-16d. There was a recession of l-32d. on the 10th. But
12,575,000
ujion receipt of the Bureau report on the 11th prices moved D istribu'ion—T otal c o n s u m p tio n .. . . ..........................
Burnt, &c., d uring y e a r . . . . . .................................... 175,000—12,750,000
upwards rapidly, and by the 22d middling uplands had risen
to 4 23-32d.. the highest point reached since Nov. 28, 1895.
L e a v in g visib le s t o c k ............ ................................... 1,539,000
More fa vorable crop reports gave a downward turn to values
L ea vin g in v isib le s t o c k ............................................ 781,000
on the 24th, which resulted in a net decline of 7-10d. by the
31st. The close was at 4 9-32d. for middling uplands, or a
T otal visib le and in v isib le stock s at en d o f y e a r . . .
2,320,00
gain of %<i. during the month.
t Tina column covers cotton exported to countries not covered by 11?
W e now add our usual tables of consumption and supply
ares of consumption, and cotton burnt in U. 3., on sea, and in Europe
of cotton. These figures are not the takings of the mills,
but the actual consumption of the mills, and are in all cases
Overland and Crop Movement.
expressed in bales o f 400 pounds.
O v e r l a n d . —There has been a loss in the volume of cot­
ton carried overland the past year. This is not at all sur­
Europe.
United States.
Consumption. —
Total
prising with so considerable a reduction in the aggregate
Total
Total
Bale* 400 lbs. | ° rm t I Conti­
World.
y o r th .
South. |
j Britain. nent.
Europe
U. S.
yield of the staple, nor is it strange that the ratio o f decline
18727 3....................
13,084,000,2.032,009j5,116,000(1,157,000| 152.000 1,809,000'0,425,000 in the rail movement should be greater than in the total
1873- 74______ .. 3.128,000 2,064,000 5,192,000 1.299,00Oj 141.0G0 1,440,000 6.632.000
crop, as the greatest falling off in yield w is in thene portions
1874- 75........... .. 3,088,000 2,240.001) 5,328,000j 1,109,000 159.000 1,828,000 0,056,000
1875-78........ .
;3,176,000 2,403,000 5.579,000 1,344,000 159.000 1,503,000 7.082.000 of the belt from which the overland traffic is m ainly se­
1oo nnnlo
o -o
*t i r\r»<v1.418.000
•
3,183.000
2,378,000
5.501,000
1878-77........... . .. IQ
161.000 1,579,000 7.140.000 cured.
The actual decrease from last year in the all-rail
1877-78........... .. J3,038,00c12.509,000 5,547,000 1.558.000 167.000 1,725,000 7.272.000
movement is 676,805 bales, or 38 per cent, whereas the crop
A r e r . 6 y e a r v 3,116.000 2,271,000 5.387,00o 1,324,000 157.000 1,481,000 6,868,000
of 1895-98 falls below that of 1894-93 by butabont 29 per cent.
1878-70 ...
. . . 2,343,000 2.596.000 5.439.000 1,615,000 109,000,1,781,000 7,223,000
This year’s overland is, however, much below some pre­
1
i...
. 13,330,000! 2,730,000 6,100,000j 1,770,000 202.000 1,981,000j8,081,000
1 8 8 0 -8 1 ...
. . . 3,572.000 2,950.000 0,528,000 1,884,000 234.000 2,118,000,8,646,000 vious years, when the yield was less than in the current
881-82 . ..
. . . 8,640,000 3,198,000 6,838.000 l,931,000j 200.000 2,197.000:9.035,000
ason. But this peculiarity is explained by the fa c t that
1882.83 .. .
. 3.744.000 3,380,000 7,124,000' 1,993.000! 382.000 2,375,000j9,499,000
883-81 —
. . 3,000,000 3,380,000 7,010,000 1,805,000! 379.00012.244.000 9,290,000 through the opening of new railroads in the South a con­
A vor. 6 yours. 3.469.000 3,048,<KH) 0,512,000 1.845,000 272,000 2,117,000 8,029,000 siderable amount of cotton which formerly sought a market
overland lias in late years found an outlet by rail to the
884-65 ............ 3.433.000 3,255,000 0,098.000 1,008.0001 301,0001,909,000^,597.000
1885 -N6.............. 13,628,000 3,405,000 7,093,000 1,800,000 388,000 2,278,000 9,371,000 Southern seaboard.
183%-87............. 3,*194,000 3.640,000 7,334,000 1.072.000 451,000 2,423,000 9.757,000
W hile the various routes have quite generally shared in the
887 -**8... ......... 3.841,000 3,700.0 )0 7,637,000 2.030,000 500,000 2,530,000 L0107000
188%-80.............. 13,770,000 5,060,000 7,839,000 2.130.000 555,000 2,085,000
decreased movement this year, they have done so in a widely
10524000
I860 -00............... i . ' i i 100 4,29),000 8,324.000 2.102,000 029,000 2.731.00U l 1055000 different degree.
Through St. Louis the roads have carried
A r e r . 0 yeur* 13.733,000 3,753,000 7,480,000 1,933,000 471,000 2.420,000
fully 41 percent less cotton than in 1894-9), an l the rate of
189a-91.......... . 11,230,000 1,53-4,000 8,768,000 2,202.000 696,000 2,958,000 11726000 loss via Parker City lias been about the same.
The route via
1891 92............
t.077,000 4,524.000 8.501,000 2.4 10,000 700,000 3.22O.O00 11721000
Cincinnati shows a falling off of a little more than 30 per
189 J-93.............. k 543.00" 4,570.000 8,159.000 2,340.000 849,000 3.1-9 000
11318000
1893 94............... 1.640.000 4.784,000 8,824,000 1.991,000 839,000 2.830.000 11654000 cent, and via Cairo and Louisville the decrease in traffic has
1801 0 5 * ........... 14,080,000 5,093.0 » 6,170,000 2.425. 00 1,004.000 3,429,(0) 120 5000
been about 27 per cent. The Evansville roads, however,
1805 00«.............. 1,100,00 i 5,900,000 9,30 ‘,000 2,139,0)9 1,070,000 3,215,000 L2575 tOO
show the heaviest decline—over 100 per cent— the amount
A r or. 0 year* 1*,"12,000 1,730.000 8,700,000 2.204,000 878,0 10 3,140,000! L1938000
of cotton passing that way this year having been but 1,681
• F ik u id -i I'll- Hnri)|>.;iui O m s u u p c U m f o r 1 8 4 1 -9 3 a n d 1 3 9 5 -1 6 w ill
bales, whereas in 1887-88 they carried 109,752 bales.
p r o m ,lily I..- oli.tiigm l sLlgUtly b y M r. E llt s o a w h e n h e m a k e s u p lua
O o t o b e r a n n u a l.
1
W ith regard to the proportionate marketings of the crop
Another general table which we have compiled of late through the Southern outports the changes in part reflect
ears is nc 1le i in connection with the foregoing to furnish the alteration in yield of the different sections. For in­
a oompreh snsive idea of the extent and the expansion of stance, while in the season just closed about every section
this iudustry.
It discloses Europe and America’s cotton produoed less cotton than a year ago, the decrease was
supply, and the sources of it.
The special points we have greater in some cases than in others. In the Southwest the
sought to illustrate by the statements are, first, the relative loss was heaviest and this is confirmed by the receipts at
contribution to the world’s raw material by the United New Orleans, Galveston, etc. The variations that have oc­
States and by other sources, and, second, to follow its curred in the last ten years are shown in the subjoined state­
distribution.
ment.

September 13, 1896.J

THE

CHEONICLE.

C r o p D e t a i l s . — W e n o w p r o c e e d to g iv e t h e d e ta ils o f th e

P e r cm t o f Orojjj

e n tir e c r o p fo r t w o y e a r s .

Receive* a * - i

L o u is ia n a ,

Jsc.

Norfolk, A c.....
Chari e^ton. A c.
Savannah, A c. .

Florida.....

11*00; IVU

..

f 0:3-321 0 0-50 !

M obile . . . . . . . .

' 02-43; Oi-rU.

New Orleans..

2*3-14 25-15;

G alvestoa, A c..
S . l\. Boat., Ac-

051*5

Total tferaaftb•
ail porta

7%rm 70*40

IT$4 I4'i0j
01*05
78*29

TOdS] 81-88

U-m lOrW ililO 18*27
Over*and n e t ...
Soathera coo-:
•omptloa___ MTSj 8 * oe-^l I<«* 7-34

UM8: 12-21
7-00!

TSt> T*S

Tot. o .8 .c r o p .ii o ^ : i ^ M i i o ? M i 5 m

iooaxi

8-31

W13

WCrOO: 100-00

In the above table w e have figured only what is called the
net overland, as th* remainder of tha gross amount i s
counts i at New York, Boston, Phila ielphia, etc., or at the
Southern ports where it first appears in the receipts. A t the
same time the entire grow overland reaohes a market by
ora a all-rail route: hence in m s is a r ia ' the total overland
we can do so correctly only by using the groat figures. To
indicate therefore the progress made since 1876-77, we give
the following:
Increase and Decrease—
Crop o /

1895-96 . . . .
1894-95 . . . .
1893-91 . . . .
18 *2 93 ....
1891-92 . . . .
1890-91 . . . .
18*9-00 . . . .
1888-89 . . . .
1967-88 . . . .
l* 8 t l.-<7 . . . .
1885-88 . . . .
1881- 83 . . . .
18*3-84 .. .
1882- 83 . . . .
1881-82 . . . .
1880-81 . . . .
1 8 7 9 -8 0 ....
1878-711 . . . .
187778
187877

441

Total Yield.

°™ ‘
Oeerland.

Vale*.
7.182,473
9,892,768
7,527,211
0,717,1 42
9.038.707
8,0*3,518
7,313,726

Vote*.
1.190,299

7.017.707
6,513,623
63150.215
3,069,021
3.714.052
8,992,234
5,433.8 45
6,580,329
5,757,397
6,073,531
.4,811,265
...
.4.48
... 5.423

i.'or.io*

t ,253,856
1.290,013
1,800.482
1 ,6 6 0 .1 4 5

1,129.193
1,460.190

IAUM9

1,292.107
1,260,279
991,960
1,0*9,070
1.217,215
1,134.78*
1.090,067
1,181,117
891,619
693,610
63 6.W 6

O f Crop.

O f Overland.

Ver Of,
Ver CL j
Decreased*-OO I D cereaseM -2!,
Increase 3 1-43 Increase 48-84
Increase 12-06 i Decrease. 02*94
Decrease 25 ‘08 d><erea« 29*32
Increase 4-43 Increase 8-06
Increase 18-35 , Increase 16-58
Increase 5-48 i Deereast 2-12
Decrease 1*18 : Increase 1*27
Increase 7*7-4 ; Increase 11-59
Decrease 0*58 . Increase *2-53
Increase 15*5 4 i Increase 27-05
Decrease 0-78 * Decrease 5-44
Decrease 18*28 Decrease 13-07
Increase 28 61 Increase 7-26
Decrettsc 17*50 I Increase 4 1 0
Increase 14-45 Decrease 7*71
Increase 1 3 4 8 Increase 32-47
Increase 5-45 j Increase 28-54
Increase 7-2*S i Increase 8*91
Decrease 3-94 Decrease, 9-50

Change from season o f *76-77 to ’95-96' /*.«**«»

50-6,8

Inrr’se

80-90

In determining this year the portion o f the crop forwarded

,--------- 1894-95.--------- .
Exported from N. Orleans:,— ----1895-96.—
To Jordan p o r t s ................ 1,619,003
2,053,931
To coast wise p o r t s ....___ 301,544
538,708
To Northern ports, Ac.
by river and rail’ ............................. 7,085
18,977
Manufactured’ ......................
14,036
12,255
39,691
Burnt.........................................................
Stock at otose of y e a r.........
39,184—1,979,136
67,855—2,733,698
Deduct :
115,629
Received Irom M ob 'le----93,962
Received from uaivcston
ami other Texas p orts, 2,455
3,187
8took beginning o f y e a r ..
6 7 3 5 3 — 109,272
30,767— 149,383
Total product o f y e a r .........
1,80» , b 6 *
2,584,115
* In overland we have deducted those tw o items.

A la b a m a .
Exported from Mobile :*
To foreign p rrts................ 102,007
122,905
To coastwise porta............ 109,701
138,093
Burnt.........................
1,500
Btook at close o f y e a r .........
4,576— 217,786
■‘ 5 ,4 0 7 - 266,495
Deduct :
Receipts from S . Orleans.
2,503
10,276
Receipts from Pensacola.
10,157
13,211
s to ck beginning or y e a r ..
3,407—
13,067
2 ,7 8 8 26,275
Total product o f y e a r .........
199,719
240,220
* Under the head o f coastwise shipments from Mobile are included
,992 bales shipped inland by roll north and fo r Southern consum p­
tion, whirl! wW be found deducted in the overland movement.

T exas.

Exp’ted from Galveston,Ac.:
To foreign imrts (except
1,349,153
M ex ico*.......................... 755,999
To Mexico, from Galves­
ton, Corpus ObrlHi, A c.
36,903
58,178
279,675
To coastwise ports’ ....... .
337,427
Stock at close o f y ea r.........
57,043—1 ,129,817
1 1 ,151 -1,7 55,9 09
Otduct:
Received at Galveston
from New Orleans, A c .
1,520
268
Received at El Paso, Ac,
from Galveston, A c ......
............
............
Stock b.v m ah ig o f y e a r.,
11,15112,671
2 0 ,3 1 3 20,581
1,116,940
Total product o f y e a r ....... .
1,735,328
• Cctii.twiM exports tool tide 7,165 bales shipped inland and taken fo r
consumption, -which are deducted in overland statement.

F lo r id a .
Exported from Pensacola, Au ­
t o foreign p o r t s ...............
17,603
300
To coastwise ports............
16,291
3L 31 4
Stock at close o f y ea r......................33,894
............ —
31,614
Deduct:
Received from Mobile........................
300
Block b- .-tnnli-.'Ot y e a r ............. ........................
.............—
300
Tottd product o f y e a r .........
33,894'
31,314
* These futures represent this year, as heretofore, only the shipm ents
from the Florid a nut/mets. Florida cotton has also gone Inland to
Savannah, Ac., but w e have followed our usual custom o f counting that
ootton at the outports where it first appears.

G e o r g ia .

by each of the different overland routes, we have followed
Exported from S avan nah:
our usual m eth od :
T o forei.-si p ort.—Upland 353.267
To foreign ports—Sea ts'd
1 2 ,8 1.9
First.—O t counting each bale o f cotton .at the Southern
To coastwise ports—
Upland*
..........................
336,633
o itport where it first appears.
Sea island........................
02,742
Second—Of deducting from gross overland all cotton Exp'd from Brunsw ick,Ac.:
To
foreign
p
o
r
t
a
..............
74,350
« lip p jl by rail from Southern out ports to the North.
To const wise p orts............
42,182
59
Ih irl—Of deducting ahi'i from overland any amounts Burnt.
1,733
M anufactured*.......—..........
taken from Southern outports for Southern consumption.
Stock at close o f yv.nr—
21,352
Upland................................
Fourth—O f deducting likewise arrivals by railroad* at New
2 .2 3 1 - 997,418
Sea Is la n d .......... ..............
York, Boston, Baltimore and Philadelphia, ail of which have D ed u c t :
R ec'v'd from Ch’ston. At*.
2,182
b u n counted in the rcosipts from week to week during the
■Received from Florida—
U p land *........................
year.
Steal! tierim dnc o f year—
With th.*,- espiaaatSoM nothing further is needed to
5.446
Upland ...........................
Ben Islan d,............... ......
4038.031
m ike plain tha following state a m t o f th • movement over­
Total product o f year .
899.3*7
land for the year ending September 1. 181)0 *
1895-90.
A mount shipped—
Via Bt. Louis.....................................
Via C a ir o .......... . . . . . . . . . . . .
Via Parker CSty
..............
Via E v a n s v ille ...........! . . . .......... ..
Via Louisville ........................ .
Via C in cin n a ti..........................................
Via K h a r route*....... ....................... .
Shipped to milts, not included a b o v e ..
rota! gross o v e r lo a d ............ . . . . . . .

560,3*0
245,816
19.955
1,081
138,302
123,8
69
123,008
88,644
11.553

1894 95.
943.00*
337,423
35,414
3,781
189,758
178,020
159.590
14.511

1893-94.
623,460
233,0* 1
. „*«»
7,509
134,877
108,347
132,177
13,796

1,190,299 1,367,104 1,253,859

lMaw.i shipments <>ver:»n.l to Sew- York, Boston, A n ... | 208,339
5,029
Between interior t o w n s ...,__ . . . . . . . .
7,105
Galveston, Inland and local mlHs____
19,340
S ew Orleans,Inland and local m ill*,.
7,392
Mobile, inland and local w ilt s .......... .
1,946
Savannah, Inland and local mills.........
8.598
Charteetnu, Inland and local w l!l» . . .
4,513
15,184
Virginia ports, Inland and local mills

576,025
33,520
5,300
33,013
18,294.
3,506
14,131
8,351
15,057

304,020
21,919
10.499
24,601
16,119
1,955
12,225
2,213
39,215

Total to be deducted.........................

338,511

709,853

433,380

t e m n m total not overland*..

851.788 1,157.251

820,490

* T his total i
1 3 9 5 -9 6 am ou nted

Of consumption.

1 the statement

525,101
20,526
357,313
44,199
103,304
44,401
278
2.199
5,446
4 0 3 -1 ,1 0 3 ,3 5 0
6,403

8,398
823—

15,626
1,087,724
’ "The amounts shipped inland and taken for consumption are deducted
in overland,
I These are only the. receipt* at Savannah b y water from the Florida
1 ■, ■

F e e s -!-.

i:>. ..

-1. 11•■'.■*J h .-rc.

■ -i been I;*.77fi bides Upland
and 13,046 bales thru Island, from the interior o f Florida, received at
Savannah during the year by rail.
S ou th C a r o lin a .

Exported from f'barieston:

To foreign porta—Upland
To foreign p orta-S en fs'd
To coastwise p orts—
Upland*..........................
Ben Island.....................
Exported from Pori R oyal
and Beaufort:
T o foreign porta—UpTad
To foreign ports—Sen fs*d
E xported const wise
from Georgetown, A c ___
B u rn t,................................
Stock at d o se o f year—
U pland........ ......................
Sen I sla n d .... ...................
D e d u c t;

197,752
2,065

"SB*

79.838
.........
7,044

79,699
2,445

77,012
CO

158,286
103

1,644
8

2,017

18,531
572-

336,324

ltoo'd from Savannah—
U p la n d .................... .
48
R eceived from Florid* at
Charleston—
8)3* Isla n d ........................................
R eceived from N. Orleans ............
Stock In s*Inning o f year—
Upland............................
14,370
Sea Island.......................
2—
14,420
Total product of y e a r .........
371,904

14,370
2-

508,275

42

61
11,277
403-

11,843
586,482

* Iunbilled In this item are 8,598 bales, the amounts taken by looa 1
mills and shipped to interior, all o f which is deducted In overland.

THE CHRONICLE.

*-*442
N o r t h C a r o lin a .

Exported from Wilmington^895-96.-N
To foreign port*.............. 132,531
J'.Jt'o
To coastwise port**.........
Cooat'e rmWwiSlingtOO, &0. 22,M l
M iim ifa»turc«l.........................

Bttw-k lit clone of y e a r........

Dedxiet:

5,291— 199,307
319
319—

-1894*95.-1
202,270
31.724
33,561
1,653
3 4 9 - 269,557

1,375
1,375Stock beginning of year..
_____
198,958
268,182
Total product of year .
‘‘ lor'tbrMt shipments 3,040 bales went inland by rail from Wilmington
and with local consumption are doduoted in overland.

Virginia.

[ V ol L X III,

New Crop and Its M arketing.
It is, as usual, difficult at this date to give any definite in ■
dication of the extent of the growing crop. Certain facts
are well known. They are (1) that the acreage planted th is
year is considerably in excess of the previous season, and
about equals the planting of 1894 ; (2) that the plant had a n
excellent start, and that the early growth and developmen t
was about as satisfactory as in the best seasons ; (3) that up
to near the close of July the reports received with regard to
condition, development, etc., continued in the m ain favor

Exported from Norfolk:
188,324
To foreign ports...... .......
53,822
284,582
To coastwise ports*......... 289,091
able.
Exported from West Point:
_
107,158
Since the 1st of August, and a little prior to that date,
To foreign ports...............
9,930
178,579
To coastwise ports........... 134,018
complaints of damage from various causes, m ainly from ex­
Exp'd fm Newp't News, &c.
33.363
To foreign ports..............
14,629
cessive heat and drought, began to be current, and they
460
To coastwise ports...........
"2,254
"
14.363
have continued with more or less force ever since. To what
Taken for manufacture —
24
""'565
Burnt...................................
extent the previous excellent prospect has been reduced w e
Stock end of year, Norfolk,
5,553- 812,406 are not in a position to state. It is clear, however, that as a
2,906— 521,100
West Point,New.News.&o.
Deduct:
result of drought, accompanied by abnormally high tem per­
2,326
55
Received from Mobile....
4,188
502
Received from Wllniingt’n
ature, the productiveness of the plant has been reduced in
Received
from other
30,633
19,626
many localities. This is particularly true of portions of
North Carolina ports...
Received at Norfolk, &o.,
Texas, Arkansas and Tennessee, although Mississippi, Louisi­
1,715
from West Point, &e---2,721— 41,58% ana and Alabam a claim damage from the same causes.
25,736
5,553Stock beginning of year..
770,823
495,364
Total product of yoar .
■includes 1,299 bales shipped to the Interior, whioh, with 13,885 There is one fact that is undisputed, and that is that the
crop of 1896 is earlier than any that has preceded it within
bales taken for manufacture, are deducted in overland.
T en n essee, A c.
the past decade. Analyzing our advices from the various
Shipments—
590,152
States, the present promise would seem to be best in Georgia
From Memphis................ 413,644
56,279
From Nashville................
21,895
and the Carolinas, and least encouraging in the Southwest—
From other places in Ten1,412,235
nessee. Miss.,Tex., &e.. 845,924
Texas and Arkansas.
took in Memphis and Nash
2,114—2,060,780
A s a result of the forwardness of the plant, the first arri­
vide at end of year..........
18,399—1,299,862
D ed u ct:
vals of new cotton have been much heavier than in 1895, and
Shipped from Memphis,
Nashville, Ac., direot to
indeed the aggregate movement to market has been m uch in
320,187
Southern outports........ 177,121
excess of any year in our record. There have been no special
Shipped direct to manu­
1,157,251
facturers........................ 851,788
causes operating to accelerate the m ovement. W e bring
Stock at Memphis and
Nashville at beginning
forward our usual data bearing upon the m aturity o f the
5,317—1,482,755
2,114—1,031,023
of year..........................
plant,
giving first the date of receipt of first bale. This year
578,025
Total shipm’ ts toN. Y., Ac.
268,839
Add shipments to manufac­
the earliest arrival was at New Orleans from Texas on July
1,157,251
turers direct.....................
851,788
10. Last year the first bale also came from Texas, being
Total marketed by rail from
1,735,276 received at Galveston on July 11, and in 1894 the same State
Tennessee, Ao.*..............
1,120,627
•Except 25,519 bales deducted in overland, previously counted.
furnished the initial bale on June 26. There is, however
Total product detailed in the foregoing by States tor the year
ending September 1,1896.............................................. bales. 6,246,663 little to be learned from a first arrival, but the average of all
Consumed in tiie South, not Included......................................... 915,810 the first arrivals is somewhat of a guide.
Total crop in the U. 8. for year ending Sept. 1,1 89 6 ..bales.7,162,473
Below we give the total crop each year since 1869:
Date o f Receipt o f First Rale.
T ea r s .
Tears.
Bales.
Bales.
Years.
Bales.
1895-96.... 7,162,173 1886-87... 6,513,623 1877-78.... 4,811,265
1890. 1891. 1892. ; 1893. 1894. 1895. 1 1896.
1894 9 5 .... 9,892,766 1885-86.... 6,550,215 1876-77.... 4,485,423
1893-94... 7,527,211 1884-85... 5,669,021 1875-76.... 4,669,288 Virginia—
1892-93.... 6,717,142 1883-84.... 5,714,052 1874-75.... 3,832.991
N orfolk.......... Aug. 20 Aug.25 Aug.3!
Sept. 7 Aug. 8
1891-92.... 9,038,707 1882-83.... 6,992,234 1873-74.... 4,170,388
Carolina—
1890-91... 8,655,518 1881-82.... 5,435,845 1872-73.... 3,930,508 No.
Sep.
1;
Aug.24
Aug.24
Aug.26
Aug.29
Charlotte.......
Aug.13
1889-90.... 7,313,726 1880-81.... 6,589,329 1871-72.... 2,974,351
|Aug. 7
Wilmington... Aug. 15 Aug. 15 Aug 20 Aug.3l Aug.2!
1888-89.... 6,935,082 1879-80.... 5,757,397 1870-71.... 4,352,317
1887-88.... 7,017,707 1878-79.... 5,073,531 1869-70.... 3,154,946 So. Carolina—
Charleston .. . Aug. 7 Aug. S Aug.13 Aug. 7 Aug.15 Aug.21 July 29
Aug.31 Aug. 8
Greenwood....
The average weight of bales and the gross weight of the Georgia—
Aug.10
Aug.
7
Aug.15
A
u
g
.ll
jAug.
7
Aug.13 July 29
Augusta.........
orop we have made up aa follows for this year, and give last
Atlanta.......... Aug. 11
........... Aug. 16 Aug.26 Aug.28 Aug.20
Savannah—
year for comparison:
From Ga___ Aug. 2 Aug. 6 Aug. 1 July 29 A u g.ll Aug.12 July 28
From Fla .. Aug. 9 Aug.12Aug.26 Aug.12 Aug.15 Aug.21 Aug. 4
Year ending September 1,1896.
Y ear ending September 1 1895.
July 5 July 2 4 .......... . Aug. 6 A u g .ll
Albany...........
July 29
Crop o f—
Number
W eight in
A v ’age Number
Aug.10
Columbus......
Weight in
Average
o f bale*.
pounds.
weight. o f bates.
pounds.
weight. Florida—
• Tallahassee ... Aug. 6 Aug 7 Aug. 31 Aug. 4 Aug. 16 Aug.17 Aug. 5
Texafl......... 1.116,946
580,664,717 525*24 1,735,328
922,413,598 531*55
Louisiana— 1,809,864
920,171.055 508*42 2,584,115 1.320,973,747 511*19 Alabama—
Montgomery.. Aug. 2 Aug. 6 Aug. 8 Aug. 2 Aug.14 Aug. 17 July 30
Alabama.....
199,719
99,783,607 499*62 240,220
121,095,727 507*85
M obile............ Aug. 9 Aug. 8 Aug. 7 Aug. 4 A u g.ll Aug.14 July 28
Geonria*.. .. 933,291
451,624,009 483*91 1,119,038
550,152,652 491*63
Selma............. Aug. 4 Aug. 6 Aug.12 A u g .ll Aug. 9 ............July 28
8o. Carolina. 871,964
179,477,150 482*59 580,432
Eufaula.......... Aug. 7 Aug. 6 Aug.12 July 29 A u g .ll A u g.l3 J u ly2 8
287,938,112 491*00
Vlrglnlu......
495,364
239,819,938 482*11 770,823
378,281,387 490*75 Lov;isiana—
No. Carolina.
198,908
97,228,785 488*69 268,182
New Orleans—
182,538,220 494*21
Tenn’Mee.Jtc 2,036,437 1,022,006,273 501*86 2,588,628 1,305,146,238 504*18
From Texas. July 29 July 9 July 12 July l * July 7 July 25; July 10
“ Miss. Val. Aug. 8 Aug.12 Aug.24 Aug. 3( Aug.14 Aug.12 July 23
Total crop 7,162,478 3.595.775,534 502*08 9,892,766 5,019,439,687 50738
Shreveport— Aug.13 Aug. 14 Aug.24 Aug.14 Aug. 16 Aug. 14! July 28
Mississippi—
*
Vicksburg. . . . Aug. 9
Sept. 3 Aug.26 Aug.18 Aug.30 July 22
; According to the foregoing,
average gross weight per
Columbus...... Aug.21 Aug.18 Aug. 27 Aug.19. Aug. 17 Aug. 27 July 31
bale this season was 502-03 lbs., against 507-38 lbs. in 1894-95,
Greenville___ Aug.21 Aug. 18 Aug.23 Aug.23 Aug.30 Aug.28 July 23
or 5-35 lbs. more than last year. Had, therefore, as many Arkansas—
Little Rook__ Aug.22 Aug.19 Aug.19 Aug.24 Aug.22 Aug.30 July 25
pounds been put into each bale as during the previous season,
Helena........... Aug.23 Aug.26 Sept. 8 Sept. 5
Aug.30 Aug. 5
the crop would have aggregated only 7,086,948 bales. The Tennessee—
Aug.20
Aug.22
Aug.22
Sept.
1
Aug.
17
Memphis........ Aug.18
July 27
relation of the gross weights this year to previous years may
Texas—
be seen from the following comparison:
Galveston....... July 8 July 23 July 13 July 2 v July 1 « July 1 July 23
Duval Bee San Pat DeWitt |DeWitpDeWiM
Where from ^ County
Crop.
County Bee Co. County County County
Average.
Season of—
Houston
July 21 July 6 July 11 June30!Juti626 July 24 July 13
Weight,
Number o f Bales.
Weight, Pounds
Fay’tte
Duval Duval j Duval , Uval'de V’toria
per Bale
Where from j County County
County County'County County
1895-96.
7,162.473
3,595,775,534
50203
1894 95.
9,892,766
5,019,439,687
507-38
1898-94 .
7.527,211
A s atl indication of m aturity the arrivals of new crop cot 3,718,422,352
49798
1892-98.
6,717,142
3,357,588,631
499-85 ton to the 1st of September usually furnish a m uch better
1891-92.
9.038.707
4,508,324,405
49878
1890-91.
8,655,518
4,326,400,045
409-84 test. This is especially so when, as in the present season,
1889-90.
7.313,726
3,628,520,834
498-13
1888-89 .
6,935,082
3,437,408,499
495-66 there have been no circumstances tending to hasten or -re
1887-88.
7.017.707
3,406,068,167
485-35 tard the early movement,

Weight of Bales.

the

THE

September 13, 1896, J

CHRONICLE,

ARRIVALS OP SEW COTTON TO SEPTEMBER 1.
1890.

1891.

39

I

1892. 1893.

1894.

1

2

_ ..._ _...

Crop,
1895.

1896.

i
100
38

T ota l.

350
903
9,623
1,000

674
197
148
c ....... 4,010 1,105
•Columbia. S. C.
•2
M
l
301,
Augusta, G a..............
295 27,342
9,163 2,003 7,275 3,005;
Savannah, G a........... 1 ®
760
335 t 5,004
136 *500
843'
Columbus, G a ............ 1,132
873
759
592 6,200
7,02b 2,739
89
Montgomery, A la—
1.29
s:
354
264
62
77 2,887
M o b ile , A la ................ 1,654
413
269
•100 *1,500
ioo
Selma, A la................. 5.460, 3,750
211
275
225 1,426
82
frit),
Eufaula, A la............. 1.671
New Orleans, La----- 17,391< 14,635 4,666 5,429 15,213 4,379 46,051
&o;
9
1,855
2
225;
Shreveport,
La.........
303
p>rt. La------1
4
1,076
Vlefcsbure, Mia®.......
U
32
6
603
Colmnbus, M iss.,___
3 ""if:
212
L ittle R ock, A r k ...................
13
4
6,973
7 ..
Memphis, T -n n .____
20
Galveston, T exas___ 20.42", 27,404 12,181 7,703; 17,550 2,877 71,736
Total all ports to
September 1. -. If

61,172,19,820 23,299 39,181

443

9,034 IW77

Sea Island Crop and Consumption.
We have continued throughout the season o f 1895-98 the
compilation o f a weakly record o f the Saa Island crop, and
every effort has been n u d e to keep our readers well inform ed

1.578
J3S
16,267
22299
i<M2
6,56
i
7,735
dm
•'7.415
15,715
10,042

f l

m

4,011
4,756)
|

,s.

29

77

m

vi

7,21$

?i)i

1866857-

1865 04-

Total,

470,5SM B.0t6

as to the movement of this variety of cotton. As in 1893-94
•XUeccittiwaof “ American Consumption" includes burnt la the U. S
and 1891-95 the correctness of our methods In compiling the
Movement o f Cotton at In terior Forts.
totals from week to week is pretty well established by the
results given below, which practically agree with the figures
Tror ending Sept. 1, 1996
Tear ending Sept. 1 , 1S95.
T owns .
published in the C hronicle o f August 23, It will be noticed
'
■
M kk.
U e e e i p h . SI ip n 7 s , S l o c k .
that the crop shows a decided increase over 1894-95, and is
21,779
22.047
301
Eufaula, Ai.i
17,880
441
17,927
in fact the heaviest yield on record,
5.141 147,010 146,985
F lo r id a .

-1 8 9 4 -9 5 .11,055

-1895-06. 18,048

S eed s at 8av»ti*b,*«.bales
R eceipts at Ctauhmton . . .
Receipt® at New York, A if.
Shipment# to Liverpool
direct from Florida.........

>0

01

4,060

3,60 4
....... . .

T o t.Sea island crop o f FI*.

2 1 .68*

15,176

G e o r g ia .

Receipt* at Savannah------77,419
Receipt* at Bruft»wick,4e-. 1,389—78,707

64,305
9 7 7 -6 5 ,2 9 2

Receipt;* from F lorida,,...1 8 ,0 1 6
Reu'pl* tn.miUaarlos'n, A c
1 sl»—13,195

11,005
511- 11,596

Deduct—

Tot- Bctt W a n d crop o f On.

60,522
H ou tii

33,716

C a r o lin a .

Receipt* at C t i A d o n ...1 0 ,5 7 9
Ke**ebos at Beaufort, A S ,.
199—10,779
m w tftsrf
Ri-eei pts from HorldA. Ac,
768
768-

5,360
6 1 1 - 5.974

61-

lb , 010

T ot.S ea Inland crop o f 8, 0.

61
5,013

m * a U * lp p t.

R eceipt* at New Orleans.
T otal

I. cro p o f Sfis#,.

-Receipt* at New O rleans..

L o iita ta n a .

123.822 119,866
70,571
69.778
2,000
37,100
38,015
60,223
89,0»5i
7*4
50,170
3 0 ,8 6 ';
1,001 128,287; 127.513
101,040! 100,882
33,101
1,104
34,051
33,137
33,990
80,215
90U 79,672
50,314
51.1*7
2,500 188,014! 185,008
89,796
02,032;
7,056 211,931; 210,917
184,015} 181,785
48,947
05,259
64,923
3,50
49,989;
64,530
57.643
b l,0 9 0
65,724
96,337
85,039
200
51,911
52,086
10,919
10.047
50
0,583
6. <«4
110,412
119,390
2,499
83,105
84,215
40,37*
701
40 ,81 d
28,053
26,720!
4 1,700
42.49.1
1.426
42.459
40.274
40,471
31,980. 1,000
40,745
33,391
05.282
47.MU
3.049
50.222
03.664
63,'104
63,420
05.020
3,633)
1,096
58,856
00,007;
52.281;
JH S
571,564' 880,880 18,326; 936,3711 049,604
26,350
20,373
21,196
21,106,
38,912
30,*77
R*leiK-n, N. C,.! 22.174! 22*734 ” 485
4.050 381.404 378,71 I
ctnclhnutl, o . .; 226,430 22*,162
35,561
33,501
35,600
35,600;
COlDtu la, 9 C.
18,000
GtremwM S.C.I
18,000
17,076
17.076
Mi*iiipUn,Ti>nu 420.7 l i ! 413,514 1.8,173 587,654 690,152
50,270
55,574
22,112
21,895, • 2.>6
N.irtiv , Penn
Bn-otium, Tex.
6,000 121,036 124,11*6
68,581
64,148
500
Uallaa, Texan.,
03,714
03,73it
43,661
44.145
Houston, T ex.. 1,180,7031,133,910 29,077 1,80,,59* 1,809,702

M'tgoraery, Ala
6<4m». Ala.......
Helena, A rk...
Litth R'ek, Ark
Albany, G a ....
A tbcn-, Ga___
A tia«t»,G a — »
Augusta, G a .,
Columbus, Ga..
Macon, Oa.......
Home, G a ........
L’ viUo.Ky., v #r'
Shreveport, Lit.
CMstoibus, MVas
GCavlII-, Mis*.
Meridian, M l«.
Nate he*, Mire .
Vicki-b'rir. MI*,a
Ya/,m <\, Mi--,
St, Ismtft, Mo.
Cbarlotti N '

985

233
843

571.
27
261
3 ,9 2 6
1,358
33
23

249
1,478
25

"489
386
34

00

7,04t

i',045

6,782

2,105
9
1,884

10

2.703

T utal,31 tmviH 3,**'43,708 3,7 55.9 01 120.604 5,059,1 0 5,683.741 32,700
29

Shipments include takings for consumption and burnt.
The following is a detailed statement o f the year’s exports
T ern *.
from each port.
R rcelpt* at o a iv e s t o u ,. . . . 3 4 8 •
*
4 j
R eceipt#ut Ch.«ri«stefl. . . .
T $-~
X eu* .&ttfr**~s3avan~ ■ (Jhar*
! M
649—
&r- I JView : Ollier .
-Ofimm.': km. f nah, k*imA km. M k. : York. ;•Port*. ■ Total
T otal Boa In, cro p ,.>f Te x.
991
W .u .t' B l . i i a i 1436.24 6m<S,1 S3
Livmmot 674AOS tA.tlUj *5.775 t*X<,44tj 40,
llaH,....,,.
1,050 et.MHI
* ,« « !
W J77
Total Sea M aud crop at
London.*, ’ icW
400; « 5 i i
« b ' 0.938
the United. State#, , . » , . . .
03,187
74,939
SS.tWf 53477:
»;i®f 24id io*;!*?
T iic d is tr ib u tio n o f th e c r o p ha* b e e n a « f o l l o w s :
cummow,..
N*»w.“iv*Ue
.
3,807
o
Hay
re,....
100.070
. 81,0*7 2,018 4IX.22H
H oc
Of trhleh
_ , ,
i SuplttU t&ttP Stttftng
DsoJitr*..
----«,*
«
.
l.TJy
.......
21.062
■
j
;
Aspi. 1, 1806.
O b ln h lM
E x p o r lr d b >— y ^ - ‘J n
Itoaen....
AIM ---- ;
Ports o f Mm*wUm
- 30,
*•%
S to r k , {.r .'ir 'ij
| '
E x! mack 7
' F * tvi.res;
148,480! 101,179 83,4381 ... J iw m i0 5 .* li #18.055
jAaSdU’ Jiet '• Total ■Sept.l JfarlXs- Ormt tlarre■ports. Bremen..
J
lumbar*.
5',071
14,250
10,#57.
31.01*,
713
178,180
At"»
200
' 1895. Crop- Supply IH.m. irit/Cn. R n fn . ate.
W»rt»tsrg..
3,400! SMW
Afflll'il’BJ
9. CamilMii.
2 10,010 10,012
572 0.364 2.901
fli 3.025 liol'rdam. hire '" » «
403 6 0 .5 2 2 0 0 ,9 2 5 2.231 58,574 11,64.9 2,376 1-4.024 Antwerp..
G e o rg ia ,,..:
Ghent
,s * ^ l i m
*S#S
Florida.... ....... 2 4 ,0 6 4 2 1 ,0 0 4
. . . . 21,864
........
Copanit*n. ■ i»,8i 8 im
T exa# ----.......!
901
001
001
251
Christian*
HCMaiMtppt *
G«a*......j
1,900
L o u isia n a ........... ) ...................
Ufjttenb'g
300
Norrkop y
Now Y o r k ..............; ........................
*196 ......... 18,161 4,789
N/kuplu*.
1,475
■Barton................... ! ........................
.................... 7,879'
! i
-Baltimore . ’ .........I ........................
...................., 3,717
143
15,076'.
18,'lTb 5,850
T o ta l.■■
405; 03,137 93.502 2,909 00,503 42.391 7,672 50.063
II,ooo
• ViOGwirgla and 76 South Carolina.
'
M
fOat’jews'i
i f e ? ? ili'rw'
x
J
250
1>
From the foregoing wo sec that the total growth o f Sea Lisbon....
4Z0
002
Island this year w 93,187 bales; and with the stock at the Srciiomi
85,504 mjrn
beginning o f the year (403 bales) we have the following as Corunna..
the total supply and distribution :
P 5 : :.,:
a.80
m B
* m 40,215
This yew** crop ................................. ..................................... b*le«. 93,197 Qmm.
Stock September 1. 1893 ..................................................
...........
403 Leghorn.
Naple? ..
Wm
Venter
'eod
2,000
Total p - i f i s u p p l y ...................................................... ...b a te s. 03,502
8 S
Dom. — DUtrihntfM an foltam# :
Mexico....
wjm
Exported to foreign ports......................................b a le * . 89,003
Japan.....
Total 9 e » Mi. crop o f La.

BP*.* and o f year ................................ ...............................

29

2 ,9 0 9 -5 3 ,0 6 2

to United b a h * * ..................bales, 40,530
W * thus reach the oouolasioc that our spinners have taken
ithis y ar 40,530 bales, or 3,551 bales more than in 1894-83.
The following useful table shows the crops and movement
o f Sea Island since the w a r:
l.-a vin * for e<m*nmp«on

W. ladles
So. Anier.

712,101 f^s ?77 4712,913
i8i»,re»!7w *iB «',4«iM re sr?«,a«8 m . s t i
* Includes from Tex is Cltr, Ae. f Includes forn Brunswick ii Inclu des
____
_________
,
... ...... ...................
..
.
"O th e r
fro
m Port R ojas. _______
i Inoiudew
frora___
West
.Point
and Newport
Mows.
T o t a l...

P o r t s " e m brace M ob ile. P e n sa co la , B o sto n . B a ltim ore, P h ilad elp h ia,
r r a a e ls c o , Pogei. S ou n d and W illa m e tte .
.
,
« taolu dln g m l! shipm ents ? l » Uetrolfc, P o rt H u ro n A c., 6 0 , bales*

San

f f

THE CHRONICLE.

444

I> X a u c ta r Q s ® a m m c c c t a X ^ tt0 X is lx I | e ttr s
(From oar own oorrespondfiBt.l

L ondon . S a tu r d a y . August 29, 1896.
The silverite campaign and the stringency in the New
York money market are still the ruling influences upon our
Stock Exchange. The general opinion is growing here that
the silverites are losing ground, but all sensible people feel
that they are too far of! and have too little real information
to form any correct judgm ent; therefore there is an inclina­
tion everywhere to wait upon events and enter into no new
risks. A t the Stock Exchange settlement (which ended last
evening) the bull account in Americans was found to be
smaller than ever, and though the new account is exception­
ally long, that is for nineteen days, carrying-over rates were
about the same as last time.
The gold shipments to New York have as yet had very little
effect upon the rates of interest and discount. For instance,
during the week money has been lent for ten days at % per
cent, and though the discount houses are trying to raise the
discount rate, they have not succeeded much. If a great
deal of money were to be taken for the United States of
course rates would rise rapidly, but the best opinion here
seems to be that the movement will not reach very large pro­
portions. Were it not for the apprehensions excited by the
silverite agitation and the monetary stringency, everything
goes to show that we should witness a very considerable ex­
pansion in business before long.
On Thursday the Czar and Czarina arrived in Vienna.
They will be absent from home for about two months, and
will pay a series of visits to Germany, England and France.
All this impresses the public with the belief that the Euro­
pean peace is assured. Indeed, it is very confidently reported
that the Cretan troubles are practically settled.
There is also a general feeling, though there is not much
evidence to support it, that France and Italy are drawing
closer together. Unquestionably the Rudini Cabinet is in
favor of better relations with France. The surrender o f sev­
eral of the Matabele chiefs to Mr, Rhodes is taken to prove
that the rising is practically ended, and the appointment of
Mr. Greene, a trained diplomatist of considerable experience,
as British agent in the Transvaal, is regarded as likely to
have very favorable results.
The strike on the Clyde is not expected to last very long or
to have much influence. The leaders of the men are entirely
opposed to it, and in Belfast the feeling of all classes is like­
wise in favor of amicable relations. The other labor disputes
are believed to be of no importance. Trade is still good, and
unless grave disputes between employers and employed break
out, promises to expand further.
Upon the Stock Exchange, as already said, there is an ex­
ceedingly small bull account open in all departments. Little
has been doing during the week in consols, British railway
stocks, Colonial stocks or Internationals.
The public is
holding aloof from the American market and practically
there is hardly any business except in the mining depart­
ment. Even there the volume of business is not large, but
there is a far more hopeful spirit than for some months past,
and there has during the past week or ten days been' a very
considerable rise in prices. The Stock Exchange settlement
doeB not show much increase in the bull account, from which
it is inferred that there has been very little speculation. The
buying would seem to have been chiefly from South Africa,
the Continent and the great mining magnates in London. If
matters improve in the United States there will probably be
a great increase in business in the mining market. In a
week or two now the holiday season will nearly have ended,
and it is so difficult to employ money advantageously in
other directions that many capitalists are eager to lend it out
in the mining department.
Silver s* curities are neglected, but during the past few days
there has been some hardening in the silver market. In con­
sequence the India Council has been able to dispose of its
drafts at a somewhat better price than a week ago, the aver­
age obtained being Is. 2 l-16d. per rupee.
Messrs. Pixley & Abell write as follows under date of
August 27:
Gold.—The demand lies been strong the whole week, and the open
market supply proving Inadequate recourse has been had to the Bank
for hnth Austria and the United States. The prtee of Eagles, which
hod already been lowered by the Bank to 76s. 7kid., was to-day further
reduced to 7€s. 7<L, and the price of bars, which for some time has

[You L X ta

stood at 77s. lOkfll., was at the same time raised to 77s. lid . The tota
sales amount to £1,370,000, while £5»,000 has been received. Arrlv.
als: Capetown, £100,000; China, £16,000; Australia, £81,< 00; New
Zealand, £63,000: Central America, £27,000; West Coast Africa,
£S,000. Total. £292,000. Shipments to Bombay, £5,000.
Silver.—When we last wrote a reaction to 30Xd. had commenced and
a further rise to 30i3.sd. took place. This advance proved to be rather
more than the market could bear and the prioe has si nee fallen slightly
to 30% iii»d., at whloh price it Is fairly steady, with India the only
buyer. Arrivals * New York, £230,000; Chili, £40,000. Total, £270,OOO. Shipments to Bombay, £82,500.
Mexican Dollars.—These coin remain nominally at Id. under silver
The quotations for bullion are reported as follows:
G old.

ASf:

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

s.

Bar gold, fin e ___oz.
Bar gold, partlng.oz.
Spanish, old ........ oz.
New...................oz.
U. S. gold coin...oz.
Gernrn goldcoin.oz.
French gold coin.oz.

d.

Aug.

S il v

20.

s.

er

.

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

d.

A ug.

A ug.

2 7.

20.

d.

Bar silver, flne...oz. 3 0 U la
Bar silver, contain­
ing 5 grs. gold. .oz. 3 U i 8
Cake saver......... oz. 33ks
Mexican dollars.oz. 2 9 U W

7 7 10k! 7 7 1 0 X
7 7 11
7 7 10^8
7 6 lk ! 7 6 1
7 6 2k! 7 6 2
76 6
7 6 4 is
7 6 3 % 7 6 3%
7 6 334 7 6 3%

d.

30k!
3 0 78
3 2 78
29^2

The rates for money have been as follows :;
Interest allowed
fo r deposits by

Open M arket R a te s .
B ank Bills.

2
«
July
Aug.
•*
“
“

T rade B ills.

D isc’t H ’ se

Three
Three
F ou r
S ix
F our
Stock A t 7 to 14
S ix
Months Months M onths Months M onths M onths Banks. Call. D ays.

31 2 11-16-94 11-16-5 H
x®i
7 2 11-16-94 X ' 13-16
X
1
14 2 13-10 13-16 X-1S-16
21 2 15-16 15-16 1-1 1-16 1X
28 2 1X@1X ix a ix IX
IX

1 ®1X

IX
1
1)4

X
1@1X
m m u

154

IX

IX

X
X
X
X
X

X
X
X
X
X

X
X
X
X
X

The Bank rate of discount and open market rates at the
chief Continental cities have been as follows:
Aug.
R ates o f
Interest at

Paris..................
Berlin.................
H a m b u r g .........
F ra n k fo rt.........
A m s t e r d a m ....
B russels............
V ie n n a ..............
3t. P etersbu rg.
M adrid...............
C o p e n h a g e n ...

B ank
R a te.

A
3
3
3

23.

A u g.
B a nk
R a te

Open
M arket

2

2X
ax
2X

3

IX
ax
2X
23*
2X

ix

3
3

3

2

3

ix

3
8

4

3H

4

5X
6
3*

«x
5

6
5
3X

21.

Open
Market

Aug. 7.

A u g. 14.
B a nk
R ate.

Open
M arket

2

1*
2*
2X
2X
2X
IX
SX
6
5
3X

ix
394

6
5
8^

3
3

3
3
S
4

ex
5
3»a

B ank
R a te.

Open
M arket

2

IX
ax
ax
ax
X
2
SX
6
5
sx

3
3
3

3
3

4

ex
5

sx

The following return shows the position of the Bank of
England, the Bank rate of discount, the pr ice of consols, &c.
oompared with the last three years :
1896.
1895
1894.
1893.
A u g. 20
Aug. 28.
A u g. 29.
A u g. 30.
£
£
£
£
Circulation ............................
27,279,805 28.289,815 25,880,045 26,391,900
Public deposits. ................. ... 7,143,575
0,785,235
5,505,161
4,068,353
Other deposits........................ 53,933,101 45,930,212 38,910,836 29,043,103
G overnment securities........... 14,956,995 14,795,425 11,845,082 12,132,232
0 ther securities............ ......... 28,320,034 24,153,781 19,285,155 23,113,937
Reserve of notes and coin.. .. 35,892,243 31,749,137 31,300,054 16,059,221
Coln& bullion, both departm’ts 40,372,018 41,238.952 39,886,099 26,001,121
58X
Prop, reserve to liabilities, .p. c.
70*
BOX
48X
2
Bank rate
.per cent
2
2
5
Consols, 294 per cent .. . .. 113 1-16 107 11-10
103 9-16
98 1-16
S ilv e r..................... ............ 30 11-16 \
80*d.
80 7 101.
34*d.
Clearing-House returns........... 115,150,000 122,735,000 86.301,000 99,904.000
The following shows the imports of cereal products into
the United Kingdom during the fifty-one weeks of the
season oompared with previous seasons:
IM P O S T S .

1895-96.
Importsofwheat,owt.G7,458,010
B arley.........................21,972,142
Oats..............................14,472,880
Peas............................. 2,527,110
Beaus.......................... 3,121,242
Indian corn................ 42,855,090
F lou r...........................19,632,950

1893-94.
67,157,206
30,919,633
14,048,322
2,254,698
5,203,039
37,123,475
18,906,256

1892-93.
66,086,265
17,537,508
14,192,444
2,200,999
3,901,157
33,044,045
20,482,926

Supplies available for consumption (exclusive of
Seotember 1 ):
1895-96
1894-95
1893-94.
Wheat Imported, ow t.67,459,010 77,273,646 67,157,206
Imports of flour....... 19,632,950 18,866,350 18,906,256
Sales of home-grown..15,399,081 20,887,723 20,198,911

stocks on

1894-95.
77,273,646
25,003,914
15,357,917
2,302,159
4,275,162
26,258,484
18,866,350

1892-93.
66,086,265
20,482,926
25,797,931

Total...................102,490,041117,027,719 106,262,373 112,367,122
1895-96.
1894-95.
1893-94.
1892-92Aver, prioe wheat,week.22s. 4d.
24s. 6d.
24s. 5d.
26s. 5dAverage prioe, season.,24s. lid .
21s. 3d.
25s. 5d.
26s. 8dThe following shows the quantities of wheat, flour and
maize afloatto the United Kingdom :
T h is w e e k .
L a s t w eek.
1894.
1895.
Wheat..qrs.1,215,000
1,256,000
2,581,000
2,255,000
Flour, equal to qrs. 275,000
249,000
172.000
291.000
Maize............................1,130,000 1,010,000
711.000
254.000
E n g lis h

F in a n c ia l

M a r k e t s —F o r

C a b le .

The daily closing quotations for securities, & c ., at London
are reported by cable as follows for the week ending Sept. 11:

THE

SSPTKMBEK 12, 1896,J
Sat.

London .

: Mon.

Tues.

Wed.

Thurs.

3051« 30%
d. 305s
Silver, perr ounce.......
c
30% 30%
Consol--,•new
ne . 2% p.ote. 112%# 112*1* 112*1 H2®ta 111 %
1121,*
S12IS,,
112it,6ln
2 % 11 1%
F or a c c o u n t...............
IV obrentesltaP arialtr. 03-22% 103-25 03-12% 03-17% 303-00
12% : 13%
12%
12%
Atoll. Top. 4 Santa F e, 12%
60%
61%
59%
Canadian P acific.......... 60% 1 60%
13%
1
4%
14%
............
Chesapeake & Ohio.......
14%
73%
72%
Chic. Mllw. & St. Panl. 71%
71% ! 71%
4
3%
43%
44%
43%
.......
D eav. 4 Kio Gr., prof.
13%
13%
13% I 13%
13%
Erie, co m m o n .......... .
30%
■29%
30%
30%
30%
1st p referre d ...............
92%
92
91%
91% , 91%
m in o is Central.......
149% 149%
149%
Lake S h o re .................... 149% .........
41%
43
41%
41%
Louisville & N ashville, 41%
69
■ 69%
6S%
M exican Central, 4s .. . ............ 69
30%
10%
10%
.......
Mo. Kan. & T ex., com .. 10%
.95%
.. , 9
(J
95%
95%
H. Y, Cent’ ! & Hudson. 95%
13%
13%
13%
S . Y . Ontario & West's! 13% ..........
13%
14
13%
N orfolk A WeHt'n, pref. 13% ..........
20%
20
......
21 %
Northern Pacific, pref. 20
52%
52%
52%
52%
P enn sylvania................ 52%
7%
3%
7%
7%
philii. A Read., per ah..
7%
7%
7%
South’n R ailway, eom.- ’ 7% ;.........
21% | 215* i 21%
.........
P referra L ................... ; 21%
0
6%
6%
Union Pacific.................
5% .........
14%
11% , 14%
Wahash. preferred....... 14% S....... -

i

Vi

Fri.
1 30%
11015]#

n a t io n a l b a s k

U. S. B ond mHeld A ug. 3 1 ,1 8 9 6 , to S ecure-

Description o f Bond!.

Public Deposits
in Banks.

1111,6

$580,000
535.0 0 0
1 2 ,1 9 5 ,0 0 0
1,36 0 ,0 0 0
983.000

T otal...........................

$ 15 ,9 5 3 ,0 0 0

:

— Messrs. John L. W illiam s & Sons, the well-known bank­
ing house of Richmond, V a., have issued a chart showing the
course of silver in the United States from the establishment
of the Mint to the present time. The chart shows the value
each year of silver per ounce, the value of the silver dollar
and the ratio in any one year. It also shows the annual pro­
duction of gold and silver. The chart makes a useful contri­
bution in studying the great financial question of the day,

413i

68 %
10%

94%
1 13
13%
19%
52%

7%
7%

£0%
5%

I 14%

reg a rd in g

th e im p orts a t N e w Y o r k fo r th e w eek e n d in g fo r d ry g ood s
Sept. 3 an d fo r th e w eek e n d in g fo r gen eral m erchandise
S ep t. 4 ; a lso to ta ls sin ce th e b e g in n in g o f th e first w eek in
J a n u a ry.
F O R E IG N IM P O R T S A T K B W T O R K .

1896.

Gen ‘1 mer'diae

1891.

1895.

$2,868,302

4.943,701

5,939,622

T o t a l .........
$7,030,253
$8,808,121
Since Jan. 1.;
Dry g ood *....... *79,775,936 $101.131,5S»
Gen'l mer'diae -230,579,971 248,047,771

1893.

$1,512,559

$1,918,174

1,877,305

3,731.131

$6 ,889 361

$3,079,005

$.50369,232 $95,751,015
2 3 3 ,3 9 3 ,0 8 1 ; 3 1 0 ,1 3 3 ,1 2 8

T o ta l 35 w eek* $ 3 1 0 ,8 5 5 ,9 0 7 $ 3 3 0 ,0 7 9 ,3 3 7 ;« 2 9 0 ,2 6 1 ,91 4 $ 4 0 3 3 6 7 ,7 7 3

T h e im p orts o f d r y g o o d s for on e w eek la ter w ill b e fo u n d
in o u r rep ort o f th e d ry g o o d s trade.
T h e fo llo w in g is a sta tem en t o f th e e x p o rts (e x clu s iv e o f
s p e cie ) fro m th e p o rt o f N ew Y o rk to fo re ig n p orts fo r th e
w e e k e n d in g Sep t. 7 an d fr o m J a n u a ry 1 t o d a te :

EXPORTS FROM NEW TORK ROB Til* WEEK.

F or the w eek..
P rev. reported

$ 6 / 96.607
248,773,-238

1895.

1894.

1893.

$6,907,592
219,114,362

$6,100,901
2-11,655.041

$9,123,750
241,369,971

Total 35 week* $254,859,843 $226,021,954 $247,755,945 $250,493,721

T h e fo llo w in g ta b le sh ow s th e ex p orts an d im p orts o f sp ecie
a t the p o rt o f N ew Y o r k fo r th e w eek e n d in g S ep t. 5 and
sin ce Ja n u a ry 1, 1890, an d fo r th e corresp on d in g period s in
1895 an d 1894:

Bid.
D. D. K . B. A B a t’y —S tk .
le t , ROld.Se, 11133. J A U
S c r ip .................................
20 : 31
B ieek. S t .A F n I .F .— 8 tk.
E lkh th A ven no—S to c k ...
l*t mart., 7*. 1900. JAJ
Scrip , 8e, *9 14 ................
Brookiyn Rapid Tnui«U. » » f *§§ 424 A O r. S t P a r.—Sto ck
8 ’ way *fc7th A tee,—stock. ISO 195 424 84. Man. & 9 1.X .A T .
la t mort., 5 », 1904 .J A D 4X02 104
le t m ort, 8a, 1910 .M A S
2d aiort., 5t, 1914.J<feJ hoiVK W
2d m ort. Income 8s. JA J
8 ’ way l at, 5a, guar. 1924 *109 1 1 2 S I. i j .A ve. A P a v. F e rry 6e.
MetropoUtan T rA ctio n ..
Id 5i,ilit.*s raofi.lPOS 1100 104
m s N inth A v e n a e — S t o c k ...
Oonaol. 5a, 1943...J AD i u
Brooklyn CUy—Stock,... 161 163
Second A v e n u e - s to c k . .
nos
Oonaol, 5«, IM I ...J A J
le t m o r t .S e ,1908.MAN
B ktyE .(T<M *t'a5».lfl04 103
D eben tu re 8*. 1909.J AJ
B k i fn .Q ’ n » C o . A 8 u b . l , !
Vtf 160
s ix th Avi>nu*i84MMk__
Bkljrn.O. AN- w .'w o - s tk 1SH
T h ird A v e n u e —S t o c k . . .
s», i»3P....................... «io~
no
le t m o r t, 5 e ,lB 3 7 .J A J
T w en ty -T h ird 8 t,~ S t'k .
C en tral Oro*»towo - 8 ! k
lie
1*4 M .,6*. 19 2 2 ...M A N 111;
D e b .S e . 1 9 0 3 ...'........
Onion R t —S t o c k .........
C M L P k.N .A E.3UV.— S tk -, 150 100
C on sol. ? « , 1 9 0 2 ...J A D 108
le t 5e, 1 9 4 3 ..................
C o in m b n , A wtii A v e . 5» .........110%
W eetoh eet'r, l*t,f!U .,5s.
O hrint-p'rAlOU lBfc—8 tk . 150 155
l* t raort.1898 . . . 4 4 0
;
A tlm t. A v e ,,

0 0 0 .5 * . t „ 1 9 S L .A A O

Impt. 5*.

1B34..JAJ

H o n ,-

102

5 And Acorned inteteat

Mrport*
Week.

Great Britain .
F rance.............
G erm any..... ...........
West I n d ie s ,...
M e x ico ...............
;
South Am erica..
Total 1 8 9 6 ...,.
T otal 1894,.
Sitter.

-

Total 1890.,
Total 1995 .
T otal 1.894..

Week.

Since J a n.l.

$ ............ $12,089,260 $1,218,090 $12,842,073
993,950
3,408,474
............
8,357,541
.........27,002,068
4,207,192
8,499,902
7,300
823,990
25,892
4,654,811
210,780
.............
02
1,380
53.646
810,266
............
2,828,317
............
40,000
61,707
$7,300 *50,941.242
4,928,4641 57,306,279
0-5,000' 84,280,290
Kxportt.
Week.

Great B rita in .........
F ranco......... ............
G e rm a n y ..,,-------- West Indie*.............
M exico......................
South A m erica.......
AU other countries.

Impart*,

Since Jan. 1.

x Ex-dlvldend.

Mas S e c u r it ie s — B rok ers’ Q u otation s.
A»k.
B id . A
ek.

B 'k ly n O nion 0 a * - 8 to o k . «4%
B o n d e ..........................
103%
C e n t r a l........... ................. . . 1 0 5
Oonenmere* (Je rse y C ity ).----B o n d e .. ... ...................... ; 98
Jereey C ity A H ob ok en .. 180
Mett-opojltnn— B on d e........ 108
M ntn*) (N . Y ...................... ‘910
N . f . A K»*t R iv . l e t 5e.. 90
P r e f e r r e d ..................
57
Common............................. 31
Coneol. 5e .. ----80

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

Bid.

Peoples' (J e rse y C it y ) ... .
101% W illiam sburg: f a t 89 . . . .
F ulton M oaieip& l 8 b .........
76 K o u it a b le ...___. . . . . . . . . .
Bonds. 68, 1899 .. . . . . . .
10 1
St, P a u l . . . . . . . . ..............
Benda, 5a............ - ............
110
Standard p r e f . . . . . . . . . . .
C om ram .....................
'*oT*
85
W estern Gm . . . . . . . .

170
104
105
200
no

175

100

1 04

208“
1 14

60
82
70

50
84

57

H%

nominal.

NOT*.-Thu week's prices aro mostly
I A n d ( c o r n e d In te r e s t.

RXFORTS AND tWl'ORTI O f SI-RCIK AT NEW TORK.
Gold.

$235,078,700 $ 2 5 1 ,0 3 1 ,7 0 0

City Railroad Securities— Brokers’ Quotations.

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

1890.

$ 1 0 ,5 1 3 ,0 0 0
1 5 .7 2 7 .8 5 0
1 6 5 ,1 2 9 ,4 5 0
3 6 ,3 14 ,5 5 0
2 3 .3 4 6 .8 5 0

o n o is ir c n .

Capital,SdO.OnO. John P.Craijr,President; -----------.Cashier.

$3.086,459,

$ 9,633,0 00
1 5 .1 9 2 .8 5 0
1 5 2 ,9 3 1 ,4 5 0
3 1 ,9 5 4 ,5 5 0
2 2 .3 6 3 .8 5 0

— Our last page this week is given up to the annual an­
nouncement of Messrs. Latham, Alexander & Co., the wellknown banker? and cotton commission merchants, to which
the attention of our readers is directed. The very elaborate
and valuable compilation of cotton statistics issued by this
firm annually is in course of preparation and will be ready
for delivery early in October.

I m p o r t s a n d E x p o r t s f o r t h e W e e k .— T he fo llo w in g are

For week.

Total Held.

Currency 6s, Pao. R R ...
5 per edits, 1894...........
4 per ota., funded 1907..
4 per cents, 1895............
2 per ots., funded 1891..

5,051—The Citizens' National Bank o f New Bethlehem. Pennsylvania.

D rygood s.......

B ank
Circulation.

02-92%
12 %
59%
14
! 72%
42
13%
30
91%
149

C o tr u jx e v c ia la iu l I ^ t t s c c lU n ie o u s f| e t » s
N a t io n a l B a s k s .— Th e fo llo w in g in fo rm a tio n
n a tio n a l banks is fr o m th e T reasu ry D ep a rtm en t:

445

CHROJSICLE.

$4,7112,800 $26.20 4,303
278,730: 23,199,036
17,093 13,786.852

A u c tio n S a les.— A m o n g o th er secu rities th e fo llo w in g , n o t
regu larly d ea lt in a t th e B oa rd, w ere r e o e n t ly s o ld a t a u c tio n .
By Messrs. A d ria n H . M uller & S on :
Shares.
85% Tin- Socket! A Wilhelm
LlthosraphloC o., c o in .. 33
40 The Sackett & Wilhelm
Llthcgraphlo Co., minr.
8 p ft p ref....... .
..
100

Shares.
10 Bank o f N. Y ., N. B. A . . . 215
50 Nat. Bank o f No. Amerloa.130
Bonds.
*6,000 Tacom a Lake Park
Columbia R Iv.B R . Co. la w ,

$100 lot

25 Manufacturers* Trust Co.

o f B rooklyn..... ..............*200

Skiukinp

ami

|fhmncml.

Imports.

Since J a n .l.

Week.

$32,151,127
3,029,026
84,846
377,838

$ ....... ..
............
965
10,683
30,193
42,902
000,

103,278
1,771
$35,748,780

8983361 25.701,187
603,900' 23,983,779

Since J a n .l.
7,487
0,176
5,761
219,122
672,458
1,085,126
54,932

*91,423. $2,081,062
127,061
1,413.7-10
04,714
1,200,577

Spencer Tr ask

& Co.,

BANKERS,
2 7 A. 2 0 P I N E S T R E E T ,
65 State Street, Albany.

I N V E S T M E N T

S

D.

am uel

NEW

YORK.

S E C U R I T I E S .

D

avis

&

Co.,

BANKERS,

NO, 3 6 W A L E S T ., N E W Y O R K .
Of the above imports for the week in 1896 $4,000,813 were
American gold coin and $436 American silver coin. Of the S a m v e l D. D a v i s .
C h a s . B, V a n N o s t r a n d .
exports during the same time $3,300 were American gold
coin.
Groroe Barclay Moffat.
Alexander M. WitiTB, Jn.
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 he fo llo w in g interest
b ig statem ent, fu rn ish ed by the C om p troller o f the C u r r e n c y .
show* the am ount o f each class o f bonds h eld a gain st n ation;*1
bank circulation and to secure p u blic m on eys in n ation a l bank
depositaries on A u g u s t 31,

M

o

f

f

a

t

&

W

h

i t

e

,

BANKERS,

30 p I N E S T R E E T ,
NE w
I NVE S T ME NT SECURI TI ES.

Y O R K.

THE CHRONICLE.

446

The following were the rates of domestic exchange on N e w
York at the under-mentioned cities to-day: Savannah, buying
1-16 discount, selling par ; Charleston, buying % discount,
selling p a r; New Orleans, bank, $1 50 premium; commercial,
$1 50 discount; Chicago, $1 10 per $1,000 discount; St. Louis,
30c.@50c. per $1,000 premium.

g b e j a n k e r s ' d a x e tte .
d i v i d e n d s

C en t.

R a i l r o a d * (S te a m ).
C h ic. MUw. h Bt 1*. c o m ................
do
d o p ie f ................
C lev.C in. Ch * Bt. L. prof, (quar.)
C hic. * Kant 111. pref. (qnar.) . . . .
Gtt. S j. * Fla. 1st p rcf. (annual).
--■ |
M anhattan (quar.) ..............
N ew Y ork & H irlem com . A- pref.
s tr e e t H a llw a y * .

Payable.

2 * Oct.
3% \

Books closed.
(Days inclusive.)
30
17
17
11
17
11

to
to
to
to
to
to

United States Bonds.

4
i%
2

Oct.
STov.
[Oct.
Oct.

21 Sept.
1 Sept.
1 Sept.
1 Oct.
1 Sept.
1 Sept

1

Sept

15 Sept. 11 to Sept. 15

20
5

) Oct.
)

1 Sept. 24 to Sept. 30

o«t.

1%
1%

Buffalo R j. (quar.)......................

H a ilk * .
F ifth A ve. (ffU t .).............................
do
(e x t r a )...........................
itlla c e lla n e o n a .
A m . Sugar R fg com . (quar.) . . . .
do
do
pref. (q n a r .)---C h ica go J u n ct Rys & U. Stock
Y.irda p> ef. (quar ) ....................
E dison E lec. 111., B klyu (qu.ir.).
I’ . LorlUard pref. (q u a r.)...............
W elsbach Light (q u a r.)......... . .
W estern U nion (q u a r.)-------- -------

.

When

Per

S tu n t o f C o m p a n y .

Oot. 21
O ct.
1
Oct.
1
Oct. 21
Oct.
I
Oct.
1

u\

Oot.

2 Sept. 17 to Oot.

1%
1%

Oot.
Oct.
O ct.
8ept.
Oct.

1 Sept. 18 to Oot.

2
20
i%

1

1
1 to O ot. 15
15 O ct.
1 Sept. 27 to Sept. 30
19
15 Sept. 2 0 to Oct. 14

W A L L STREET, F R ID A Y , SEPT. 11, 1 S 9 6 -5 P. M.

The Money Market and Financial Situation.

— To those
familiar with the history of W all Street it was not expected,
and doubtless it was not desirable, that the marked advance
in securities which was noted last week should continue
without interruption. While the developments of the week
have been generally favorable in character, there has been a
healthy reaction in stocks, which is reflected to some extent
in the markets for other securities.
Among the favorable features of the week was the an­
nouncement of regular dividends on Manhattan Elevated,
Western Union, American Sugar Refining and St. Paul
stocks, a decided weakness in the foreign exchange market,
continued gold imports and steadily increasing evidence of a
sound money victory at the polls in November.
The good effect of these is in part offset by three bank
failures in New Orleans, the unfavorable Government report
on the cotton crop and the higher discount rates in London.
The advance of its discount rate from 2 to
per cent by
the Bank of England is one of the important financial events
of the week, inasmuch as the rate has remained at 2 per cent
for more than two and one-half years.
The money market at this centre has been relieved to some
extent by the influx of gold, and some demand for commer­
cial paper by out-of-town banks is reported. The outflow of
currency to the interior continues large, however, and rates
remain high.
The open market rates for call loans during the week on
stock and bond collaterals have ranged from 4 to G per
cent. To-day’s rates on call were 4 to 5 per cent. Prime
commercial paper is quoted at 9 per cent for the very best
grade; other grades are unquotable.
The Bank of England weekly statement on Thursday
showed a decrease in bullion of £1,323.256, and the percent­
age of reserve to liabilities was 56-30, against 56-95 last
week ; the discount rate on September 10th was advanced
from 2 to 2% per cent; the rate had remained unchanged at
2 per cent since February 22,1894. The Bank of France shows
a decrease of 15,670,000 francs in gold and 3,952,000 francs
in silver.
The New York City Clearing-House banks in their statement
Sept. 5 showed a decrease in the reserve held of $1,823,400
and a surplus over the required reserve of $8,228,550, against
$8,836,200 the previous week.

of

1896.

.Sept. 5.
C a p ita l.................. 60,622, ,700
S u r p lu s ................. 73.294 ,000
L oa n s <fc d isc'n ts. 453,07C,,100
C ir c u la t io n ......... 17.079 ,500
N et d e p o s its ........ 447.071, ,800
S p e c ie .................... j 49,19*4 ,900
L egal ten d ers___ | 70,799, ,600
R e se rv e held........ 119,996,,500
L e g a l re s e rv e ___ 111,767,,950
S urplus reserv e

*Differen’slrom
Prev. week.

1895

Sepl. 7.

$

$

62,6 22 ,7 0 0 61,6 22 ,7 0 0
7 1 .5 t2 ,1 0 oi 7 1,0 4 1 ,9 0 0
D eo .2,720,100 5 18 .365,800 4 9 1 ,70 1 ,1 0 0
Inc
924,000 13,505,900!
9,8 6 7,70 0
D ec 4 ,863,000 576 ,95 5 ,3 0 0 583,78 0 ,1 0 0
tue 1 ,851,200 64,4 27 ,1 0 0 9 0,7 08 .9 0 0
Dec. 3 ,6 7 4,60 0 ,114,633,500 1 17 ,170,400
D ec 1,823,400 1 79 ,080,600 2 07 ,87 9 ,3 0 0
D eo 1 ,215,750 144,213,825 145,9 45,025

8 .2 2 8 ,5 5 0 D ec.

6 07 ,65 0

3 4,8 4 0 .7 7 5 ' 6 1,934.275

Foreign Exchange.—

The market for foreign exchange
has weakened under a liberal supply of bills and rates have
declined to within a fraction of the lowest quotation re­
porters made. The demand oomes chiefly from gold imTo-day’s actual rates of exchange were as follows: Bankers
« b L ,4
4 81'4 @ i 8 3 : detnand> 4 83% @ 4 8 4 ;
Posted rates of leading bankers follow:
_________

Sept. 11.

Prime b an k ers' sterlin g b ills on L ond on .
rrtm e com m ercia l...................................
D ocu m en tary com m ercia l.. ” ....................
P a ris b an k ers' (fra n cs )................
A m sterdam (gu ilders) b a n k e r s .
F ra n k fo r t or Brem en (relcbm arks) b ’ kers

Sixty Days.

[VOL. LX1I1.

Demand.

4 8 2 % ® 4 83ia 4 8 1 % ® 4 85
4 8 1 % ® 4 8.43
4 8 0 % « 4 80%
5 2 1 % ® 5 21%., 5 20 ® 5 1 9 5 .„
39% ® 3913^ 40 ® 401j(j
9 4 % 8 9 4 ? ! a 94iSjg ® 95

— Sales of Government bonds at the
Board include $76,000 4s, coup., 1925, at 115% to 116% ;
$5,500 4s, coup., 1907, at 107% to 10734 ; $47,000 4s, reg , 1907,
at 106% to 106%; $5,000 5s, coup., at li 0 % , and $50,000 5s,
reg., at 110 to 1 10%. The following are closing quotations:
Interest Sept.
Periods
5.

Sept.
7.

Sepl.
8

Sept.
9.

Sepl.
10

* 92 * 92 * 92
2s, .................... reg. Q.-M )h. * 92
*106 '10638 106%
4s, 1907............ re?. la.-Jau. *106
;
*107
107% *107%}
4s, 1907_____ coup. ^.-Jan. *107
; *116 *116*4 *116*4
4s, 1925............ reg. q.-F eb. *1153$
116
116 *116 4
4s, 1925......... coup. q.-Feb. 116 % K*
5s, 1904............ reg. A -F eb . *11014
*11014 <11 iq 110
5s, 1904......... ooup. Q.-Feb. *110%
9 *11014 llO^s *1104
*100 *100 *100
6s, oar’oy,’97- .reg. .. & J. *100% 3
6s, oar’oy,’98...reg. ;. & j . '103
0 - ioj *103 *103
*104 *104
*101
6s, oar’cy,’99.. reg. r. * l. *104
a
*100 *100 *100
4s, (Cher.) 1896.reg. March. *100
; *100 *100 *100
4s, (Cl»er.) 1897.reg. March. *100
; *100 *100 *100
4s, iCher.) 1898. reg. Maroli. *100
1 *100 *100 *100
4s, (Cher.)1899.reg. March. *100
* This is the price bid at the morning board, uo sale was made

Sept.
11.
* 91
106%
*10714
*115%
1151*
*110%
*110%
*100%
*102%
*104
*100
*100

noo

*lO0

United States Sub-Treasury.—

The following table shows
receipts and payments at the Sub-Treasury,
Date.
Sept. 5

..

"
“
“
“

7

Receipts.
$
1 5,8 9 4 ,6 1 1

8
9
10
11

3 ,7 9 9 ,1 3 5
3 ,8 9 6 .4 8 2
5 ,6 1 5 ,0 79
6 ,5 7 2 ,7 5 8

T o ta l

3 5 .7 7 8 ,0 6 5

Payments.

Coin.

1 4 ,9 0 8 ,4 0 4 116 2 8 9 .8 4 1
(H O L I D A Y .
4 ,3 8 4 .3 4 0 l l b ,9 3 4 ,I L 6
2 ,9 6 9 .9 9 2 1 1 6 ,4 2 1 ,9 3 0
3 ,1 9 7 ,5 8 9 1 1 8 .7 1 8 ,1 1 2
5,1.82,733 1 2 3 ,3 ->0,74l

Balances.
Ooin CerVs. Currency.
1 ,3 2 0 ,1 9 3

7 4 ,7 8 6 -5 6 1

1 ,4 1 2 ,1 0 4
1 ,3 4 1 ,5 4 6
1,3 *7,933
1 ,3 1 6 ,1 2 9

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

3 0 ,6 4 3 063

Goins.—Following are current quotations in gold for coins :
S o v e re ig n s ............ $ 4 85

4 8J

25 P e se ta s............. 4 75

® 4 80

Napoleons.......... 3 86 -3> 3 90
X X Reichmarks. 4 70 'S' 4 80

Span. Doubloons. 15 55 WlS 75
Mex. Doubloons. 15 50 ^15 75
Fine gold bars... par % prem.

Fine silver bars... — 65% <J>— 67
Five francs...........— 90 ® — 95%
Mexican dollars.. — 51 'cb — 53
Do uneom’oial.. — . . . . 'W— . . . .
Peruvian s ols..... — 4 7 ® — 48
English silv er..., 4 86 ® 4 90
U. 8. trade dollars — 65 ® — 75

and Railroad Bonds.

State
— State bonds continue dull.
Sales at the Board are limited to $30,000 Virginia 6s defd.
trust receipts at 4 % to 5 and $1,500 Louisiana con. 4s at 90%.
The market for railway bonds, in sympathy with the stock
market, was firm and relatively active on Wednesday, since
which it has lapsed into inertia, with some recovery to-day.
Prices have generally remained steady, but in some cases a
part of the advance noted last week has been lost. The
activity as usual has been confined chiefly to the low-priced
issues, including Atchison, Chesapeake & Ohio, Erie, Ohio.
& No. Pacific, Mo. Kan. & Texas, Northern Pacific, Ore.
Short Line & U. N ., Reading, St. Louis Southwest., South­
ern R y., Texas & Pacific, W abash and Wisconsin Central
bonds.

Railroad and Jliscell ineous Stocks.—

The stock market
continued strong during the early part of the week, and on
Wednesday the active list had advanced an average of nearly
2 per cent from our last quotations.
Manhattan Elevated advanced 5% points within a week,
influenced by the announcement of the regular quarterly
dividend of 1% per cent, and the statement that fixed
charges and operating expenses have both been materially
reduced. Western Union and American Sugar were also fav­
orably affected by dividend announcements.
Beginning
on Wednesday, and continuing through
Thursday, there were rather
liberal sales to secure
profits, which were tempting to holders who had purchased
stocks in August, as will be seen by referring to the sub­
joined table. This feature was not in evidence to-day, and
stocks close in many cases from 1 to 2 points higher than
last night, on an order of the Court to re-establish rates in
the South, heavy grain movement in the Northwest, and by
expectation of an emphatic sound money victory in Maine
on Monday.
Clos’g
Aug. 26. Sept.9. to-day
63%
67%
.. 57%
.. 62%
71%
71%
100
.. 91%
98%
61%
.. 51%
60%
102% 101 %
90%
..114% b 122% 121
151
158
-.146%
1634 1534
..
5%
23%
23
.. 16% b
42%
41%
.. 37%
Louisville & Nashville..
..139%
145
144%
.. 90%
93% 92%
20%
19%
.. 15%
67%
64%
..103%
117% 115%
62
.. 50%
60%
.. 22%
29%
27%
22%
21%
.. 16%
.. 7 4 %
81
82%
.. 42%
49%
51%

THE

September 13, 1896.J

447

CHRONICLE.

NEW YORK STOCK EXCHANGE—.4CTCVE STOCKS fo r week ending SEPT. I I , and since JAN. 1, 1 8 9 6 .
H IGH E8T A N D LOWEST PRICES.
Saturday,
Sept. 5.

Monday,
Sept. 7.

11% 12
i*2%:

18
'%
12%
•21
•53
45%
101
*14
13%
*151
65%
•37%
*90
69%
5127
98%
•143
58%
37%

18
18%_
%
12%
21%
59
45V
101
15
13%
157
0G%
40
95
69%
127
99%
___
60
37%

5120% 120%
521% 21%
*70
to
*11% 15%
*51
60

121 121%

*152

*8 '
*28
•16
•2-5

157

IT
31
....
27

*112 120

590
7%
*25
*16
61%
f 145%
70
40%
*2
5%
91%

00
7%
26
10%
» i%
145%
70
41%
3
6
83%

*8"

§5

15% 15%
*67
75
38
38
*10
10%
22% 22%
18% 10%
*17
20
92%
* 10 %

*6.3
*26

*m %

98"

12

29
108
13
8%
23%
9%
13%
12 1

23%
*8%
13%
11%
19% 2 0 %
*12
20
IS

15%

12

12

‘ 46
.........

48
15

*107

no

‘ 51 . . . . .
*3%
4
8%
9%
*15
IS

*103 n o
10 % 16%

' « 2P

0%

21 %
6%

n

*23%

1%
5%
14%
6%
25

9%
48
5%
13%
113%
101%
64
,*93
58%
•144
26

9%
48
5%
10
114%
101%
05
98
59%
147
28%

*5%
14

0

C

*1%..... .

i

21% 21%
82% 82%
4%
4%
19% 19%

*112% .....

143 143
*00% 67
2 0 % 22
3%
3%-'
*7%
8 '
7%
7%
SO
50%
17% 17%
*70
75
79% 80%

B
O
>
%

Tuesday,
Sept. 8.

Wednesday, Thursday,
Sept. 9.
Sept. 10.

Friday,
S e p t 11.

STOCKS.

Sales of
R ange fo r year 1890.
the
[On basis o f roo-share lots.]
Week,
Shares.
L ow est
Highest.

A c t i v e It IS. S t o c k * .
8% Aug. 7 17V Feb. 24
1 1 V 12% A t.Top. A S.Fe,alllnstal. paid 11,603
11% 12% 12% 12%
11% 12%
4,820 14% Aug. 7 28% Feb 24
17% IS
Do
pref.
17% 19
18% 18%
17% 17%
% June 10
%
% Atlautio A P aolflo...........
**1 % *%
%
*%
%
% Feb. S
i',770 10% Sept, 2 44 Jan. 27
13 % 14 Baltimore <fc Ohio....... .
12% 13
13% 14
*13 U
300 18 A ug. 10 25% Apr. 28
*21
21% 21% 21%
*21 22% *21
22% Brooklyn Rapid Transit.
100 52 Jan. 4 S2V M ay 27
53 Canadian Paulite
-58
60I iI *59
60
*57% 50
58
*
2,060 4 0 V A ug. 7 51V Feb. 10
44% 45 Canada Southern..........
41% 45% 45% 48%
45
45
1,103
i o o 1 0 1 % Central o f New J e r se y .,
101 101% 103 102% 10X 102
87% Aug. 10 109% Apr. 23
15 Central Paeiflo...............
*14
15
13% lt % *14
13% Aug. 22 15% Feb. 15
T4
15
2,210 11 Aug. 8 I f V A pr. 23
13% 13%
13% 14
14
‘14%
Wt
13% 14
e * Ohio—
* V. >150%
1 - : . l 154
1
1*152
31 155 Apr. 2 155 Apr. 2
155
-152 1SS
155 Chicago A Alton
'152 155
IS
07% 68%: 65% 07%
85% 68 Chicago Burlington A Quincy 67,280 53 A ug. 7 S2V A pr. 24
65
67%
Chicugo A Eastern Illin o is ...
*37% Aug. 10 43 Jan. 18
*38%
41 *38
40
'3 8
.............
*37% 10
Do
prel.
90 Aug. 11 100%,Mar. 5
*00
95 : *90
95
*90
95
*90
95
____. . 70%
.
70% 71%; 09% 70%
69% 71%
Chicago M ilwaukee & St, Paul 169,005 39% Aug. 10 79% June 17
C9%
4 0 0 117% Aug. 7 130% Mar. 2
>123% 125% 127% 137% *127 1C7VIJ127V 127%
Do
pref
7,819 85% Aug. 10 106V Apr. 23
IOO
“98%
“ *• *99
~*‘* . «98%
“ •*• *«•'*
97% 98%
97% 98% Chicago & N orthw estern.. . . .
: o 140% Aug. 28 150 June 30
......................>113 143
Do
prel.
. . . ___
59% «0% : 58% 60% Chicago R ock Island & Pacific 34,764 19Vi Aug. 7 7*1% p ob. 24
58% 00 V
855 30% Aug. S 45% Apr. 27
33
38% <37% 3-8 % 37% 38 ;Chicago st. Paul Minn. A O m .
37V 37 V
05 117 Jan. 7 125% July 3
115 “ 121
115 121
Do
pref.
5120% 120% *115 121
— metre.
* Citlo.
- ■ A St. L...
1,707 19% Aug. 8 39% Feb. 10
25% 26% >20% 20% >25 S) 25%
Cinctn.
25
25%
100 73 Aug. 7 90% Feb. 20
*76
80
90
80
*73 80
Do
pref.
SO
’ TO
150 12% Aug. 10 18% Jan. 23
15
*14% 15% '14% 15% Columbus H ocking Yal. A To!
14% 14% 515
100 50 June 22 60 July 23
35
53
*54
60 1 *51 00
Do
pref.
60
*51
291 114% Aug. 10 129% Fob. 11
121 122% 120 122% 121 121 Delaware a Hudson...............
121 121
1,435 138 Aug. 10 106 June 5
131 131
151% 153 j 152% 153 Do!aw.i!-i-1. u-ka wuuna.VWest
*150 160
10 Aug. 25 14 Feb. 4
*10% 11V
11
12 %
........... ......... ! ....................... D « * » c r A Rio Grande
1.200 37 AU«. 7 51 Feb. 24
13% 43%
42
42
41 41
Do
pref.
42
43
850 10% Aug. 7 15% Mar. 12
12% l £ % E r ie ............................................
*13% 1SV
13
13
100 27 July 29 41V Mar. 17
*27% 29%.
Do
1st pref.
>29
30
30
31
-29
30%
2 13 Aug. 6 25 Mar. 16
*17
19 j
Do
2d prof
417
17
*1Q
*17
19
100
27
27
iE
vansville
A
Terre
H
aute..
..
24 Aug. 15 34% Fob. 24
27
]
*25
27
*25
*25
27
112 12 0 jOreatNorthern, p r o f ............
’112 120 *112 120
108% Mar. 13 121 Slay 7
*112 120
*88
90
f
Illinois
Central............
............
84%
A ug. 11 98 Jan. 31
§87
90
*88% 90% *a8
89
eB3
7% Iowa C e n tr a l.........................
*7
7%
5% Aug. 13 10% Feb. 7
7
7%i *7
7%
7%
520
2
0
28%
26%
26%
20
D
o
pref
19
Aug. 7 3H A pr. 28
2B%
20
20
j
1,5%
__
900 12% Aug. 10 22% Feb. 5
15 Lake Erie A Western
15
U 5 V 16%
1,000
05
55% Aug.
85
j p
nt
75 Fob. 7
710 134 V Jan. 7 154 V June 17
143 1 4 0 1' 144% 141% Lake Shore A M lo h .8 o u t^ m !
144 145
145 1*5
200 08 July 29 84 Jan. 7
69
m .Long islan d .................
70
*05
70
*65
70
10 42 jum tavtlle A NaeliVlUe.............. 54.880 37% Aug. 2 « 55% Feb. 24
40% 42%; 89% 40%
39 V 41V
*2
2%
2% Lottisv. New A lbany A O hio..
1 Aug. 20 10% Feb. 18
3
2V
2V
850
7 .
Do
prof
*6
4 Aug. 28 24V Feb. 13
6%
6%
8 ! *0
«%
47,963 73% Aug. 13 113% Feb. 11
84% 30%: 82% 85
__
82
8 t% Manhattan E levated,eoneol.
80%
2,105 79% Aug. 10 109 V M ay 25
93% 92%
J i% 93%< Metropolitan T raction..........
9 2 V 93V
9 3 V 93%
■97
90
4*7
87 Michigan C entral,.......... ..........
*99
90
5 89 Aug. 28 97%
. . _________
90
*80
Fob. 11
I i% 16 .Minneapolis A S t L ouis........
*14% 10 » *14% 16
400 i t
Aug. 31 21V Feb. 21
15
1ft
*08
72 :
Do
1st pref
70
*08
72
*05
....
51
Aug. 8 83 Feb. 21
*09
72
38
38
39
39 ! *38
§39% 30%.
Do
2d pref.
41
330 30 Aug. Hi 53% Apr. 22
10
10 : Missouri Kansas A T e x a s .....
*10
100
9% A u g . 0 13% Fob. 21
10V *10% 10V
*9V 10V
22V. 21% 21V
21% 22% ...
Do _
prof
3,715 10 Ju ly 20 31% Feb. 25
21V 22% 2-2
18% lfi%;Mt*so»irl P acific..
7,517 15 Aug. 71 29V Apr. 24
18V 197 % 19V 2 0 % 18% 19%
*16
20 M obile A Ohio___
*17
20
100 14
Aug. II) 25 Jan. 11
17
17
20
N ash v.C hatU ooogaA St.Lo uis
....................New E ngland.......... ............ .
§20 Aug. 141 51% Jan. 28
1,879 88 Aug. 6 99% Feb. 10
92
92%
93
91% 01%. 9 1 V 9 2 % New York Central & Hudson
100
12 t 10
•1 0
12
*10
9 Aug. 11 15 Jau. 22
IO | *!»V I t New York Chicago A St. Louis
*63 .........j
Do
1st p rof.
07% July 20 80 Jan. 22
*03
*61
I *63
" i o o 20 Aug. 10 35% Apr. 13
28% '
Do
2d p ref.
*27
29 ; *20
29
: *28
3 16 0 Ju ly 23 180 Feb. 10
107 170 *107 170 j 107 17o ;N*ew York New Haven A H a rt
§165 105
1,500 11% Aug. 10 15% Jan. 31
12 % i 3 % ;» «w York Ontario A Western,
*12% 13b.
1 12V 13
1,000
8 % 9% New York Susq. A W est, new.
0 Aug. 11 11% Jan 31
*8%
1 *8%
8V
21% 23
Do
prel.
5,790 12 A ug. 8 31% Feb. 0
*23
23 i 22
23
22%
2! ^
<a% 0% ,jrorf * W estern.ail Instaf pd.
*8%
9
»% Apr. 20
*8%
8% Sept. 2
9%
*8%
9%
200 14% May 8 13% S e p t 5
12% 1 3 L
1 > pref,,tr,otf».ail m».pd.
13% 13% *13% 14 : *1 3 %
4,217
12
12 : 1 1 % t r * n i S 12% Nor, Pan,, all Instaltn't paid.
% M ay 23 12% S e p t 9
UV UV
19
19%
i >0 pref.,ail iustal. paid
0,053 110 Apr. 18 20V Sept, 9
20
20
19%
1.9% 20
20
no
Feb. 10 22 A pr. 14
*13
20
■
I
* 12
20 Or.Ry A n a v .O o .r e o .a s s t pd.
*13
*12
13 ....... .( ................. .
....................Or.9. L A IJ.Nor.rec.aliius. pd
........... 13% Apr. 14 12% Sept. 2
. .....
12% Jan. 7 16V Sept. 9
10
10 h 14% 15 V 1 4 V
1.-.-V r h lla . A R ending 2d I n s t p d i 3 0.5 00
ie %
15
720 11 A ug, 7. 18% Feb. 7
12 i >1 2 % 12% *11V 12 i’ ittsbnrgCinn. Ohio. A St. L.
------11% 12
50
15% 4 5 % *44
40
Do
pref.
U 5 40% Aug. 12 59 Feb. 27
• 45
45
IS - *5
1 5 ; *5
1ft -Pittsburg A W e ste r n ,p r e f....
15
17 Jam 15; 20% Jan. 31
............. R io Grande W estern.................
16 Feb. 8 18% Feb. 10
§108%
108%
i
Y
o
"
3
0
1
0
8 % S e p t 9 118 Jan. 3
To t "
58 ;
*50
*54
53 Aug. I S 00% Jan. 3
403
2% Aug. 10
3 V Feb. 7
3%
3%
3%
3 Vi
H
8%
Do
pref.
400
H
9
0 : *8
6% Aug. 7 13 Feb. 20
0% ! *8
1ft
■
17
,
17
8
t
Paul
A
Duluth.
:
17
*15%
17
*15
100
17
Sept.
0
27%
Feb. 24
*15
DO
*75
8585 , ;
Do
prel
85 | %4 - l
37
l Sept. 10 91 Feb. 10
05 !; *75
11
111
*103
110
8t.
Paul
Minn.
A
M
anitoba..
*103
110
110%
103
1 A n a 1 1 115 Jan. 11
10
16% southern Pacific O o ........ ........
1,730 15V Sept. 10 22% Jan. 14
111
10%
10% 10%; 15V 10
7 V:
8 |Southern.voting tru st oerttf.
0% Aug. 7 11 Feb. S
*7%
875
TV ,.;N !
7%
7%l *7%
8,984 15% Aug. 8 33% Feb. 25
20
* u 0 % ; 0 % 0 %; 6% « v r » * a e A P acific........................ 2,355 5 Aug. 7 9% Fob. 25
6%
-20
35
35 Toledo A Ohio Central............
32 June 8 35 May 0
*20
35 I *20
75 1
DO
pref.
75 Apr. 6 75 Apr. 0
:§3
*50
*50
75
75
75 j *50
3% Jan. ’ 10 Apr. 21
0
6
6
0 ! 3 V 0 I*n!on Pacific trust receip t*..
*1V
2 Union Pacific D enver A Gulf.
1%
1% Aug. 2(
5% Feb. 13
|2 %
IV
1%
IV
V
U
5V
f. 3 W abash......................................
4% Aug. 7
438
7 V Feb. 2-1
5%
45%
|
Do
pref.
13
3,492 11 Aug. 7 19 V Feb. 24
13% l t d 13% 13%
14% 14 V
3% 13%
0
0% W heel)ng A Lake E rie............ 14,849
5% Aug. 27 13% Feb, 14
6%
5%
6
0%
0V
*24
*24
25 i
Do
pref.
25
125 20% Aug. 8 40 V Feb. 13
2 4 V 24V *24
...WHO. Gen. Oo., voting t r.c tfe .
I V Aug. 21
2
*2
100
4 V Feb. 24
* 1%
•IV 3
« M i s c e ll a n e o u s S t o c k * .
1i*. * 12%
*t
10
13%
9 July 20 19 Jan. 27
12 V 12V
12V Amerioau Cotton Oil Co.
1,354
13
14
r . so?..
46%
48%
D: o
pref.
040 37 Aug. 10 89 Fob. 11
50
50
50
§50
j* 8
49
4%. Aug. 7
5%
5% Am erican Spirits Mfg. C o___
5,315
5%
5%
5%
5%
5%
6 July 28
*15
10%
Do
pref.
10% 10% 18 i f ' 10 16 !
21 Aug. 14
1,060 15% Sept.
112% 110% 115% 117% 113% 115%' 113% 115V American Sugar Refining Co. 100,810 95 Aug. 10 126 V Apr. 21
100% 101
Do
030 92% Aug, 8 105% June 12
pref.
101% 102 IOO 100 -100V 101%
03% 85 ;
27,991 51 Aug. 10 93 Apr. 2
63% 65%,Am erican T obacco Co.
03% 06
95% 95%:
Do
pref.
*93
98 I * i
100 95 Aug. 4 1 0 3 Fob, 13
IV* *93 98
08% 00% :C h icag oG aa C o.,certs,of dep. 27,710 4 4 V Aug. 8 70V M ay 4
59.
82
57V 59%
58 V 60
146 140 (Consolidated Gas C om p an y..
145 149 . 140% 147
1,130 133 Aug. 10 1 0 IV Apr. 29
140 148
2 7 % 28 General Eleoarle Oo................. 21,752 20 July 10 39% Mar. 13
26 V 28%, 27 V 39%
27
27%
20% 21 .National Lead O o....................
1,550 16 Aug. 10 2 8 V A pr. 21
22
22 , 22
22 V
21
21
85 j
Do
pref.
345 75 Aug. 27 92 May 4
§82
82
§81V 85
*81% 85„ *32
1,505
3% A;ng. 7
4%
4%:
i%
4% North A m erioau C o.................
6% Fob. 24
4%
4%
4%
4%
3,113 15% A;ug. 7 31 Feb. 10
18
13V
19
13V Pacillo M ail..............................
19
1 9 %; 19% 19V
............... .
112% .........* 1 1 2 % .......... Pipe Lino Certificates..............
1 1 2 % .........*114
1,27ft 138 Aug. 7 i o i " Feb."’l l
143 143
1*3 145 '§143% 1 4 3 V 142 142 jFoUmaa PalAce C ar Company
— . ......
*60%
**•■ -05% 110% Silver Bullion C ertificates....
2,000 00 Aug. 18 70 Feb. 24
*00% 67 , 67
87
86
20% 22% 21% 22% I 20% 21V 20 2 1 % Tennesson Coal Iron & K it .. 29,247 13 July 20 34V Feb. 10
3% Aug. 7
800
6% Feb. 7
3V
3V O.S.Cord.Co.,tr.rec .’ill Itis.pd.
3%
3%
3%
3%
3%
3V
400
6 'e Aug. 8 12% Fell, 7
7%
7%
"Pref., tr. reo. all ln». pd.
*7% 7 V
*7
8
7
7%
880
5 % .fitly Hi 11% Feb. 8
*7%
8%!
7% 7 v United States Leather Co.
7%
8
*7%
9
‘ 41% Aug, 10 09% Feb. 14
49 50%;
Do
pref.
50
1
51%.
48% 50
50
6 § l . ...
18 V; United States Rubber Co....... m u 14% Aug. 8 29 Jan. 13
17 I 17
17 : 17
17V 17V! 17
09 V Aug. 18 89 Jan. 15
70 75 j
Do
prof
*70
75
*70
75 i *70
73
80% 81% Western Union T elegraph __ 10,090 72V Aug. 10 87% Anr 22
Y ; ■ 8 ! •; 81% 82%
80% 91%

*Tbeee are bid and ask e d ; no sale made.

f

) L e u than 100 shares

t

1 Before paym ent of a n y ! naUlment,

THE CHRONICLE,

448

[V o l . L2.IIU

NKW YORK STOCK EXCIIXNUE PRICES (Coatiinie d l-L V A P T Y VE STOCKS.
Sept. 11.

| R a n g e ( s a le s ) t » 1 8 9 6 .

I m c r i v E St o c k s .
1 I n d ic a t e * u n lis te d .

B id .

A s k .]

R a ilr o a d S lo c k * .
.1170 July
A t o a u y A S u s q u e h a n n a ............... 1 0 0 170
7
9 I 6 is A u g .
A n n A r b o r . .........................................1 0 0
171* Aug.
171* •20
P r e f e r r e d .................
JOO
F eb.
3
B I 7
B a lt. A O . 8 . W . p r e f ., n e w ........ 1 0 0
. [1311* Jan.
B e ll s v ll l e A S o u th . 111. p r e f . . . . .1 0 0
1
1
0
2
M ay
105
1
0
0
B o s t o n A S . Y . A i r L in e p r o f . .1 0 0
10 J a n .
22
17
B u ffa lo R o c h e s t e r A P i t t s b u r g . 1 0 0
M ay
51
6
0
P r e f e r r e d ......................................... 1 0 0
M a r.
70
68
B u rl. C e d a r R a p id * A N o r...........1 0 0
A ug.
5
6
4
b8
C h ic a g o G r e a t W e s t e r n . . . . . . . . . . . .
A ug.
36
41
35
C le v . L o r a in A W h e e l, p r e f ........ 1 0 0
Jau.
1
5
5
1
5
5
163
C le v e la n d A P i t t s b u r g ................. 5 0
5 Hi
7>a 5 A u g .
D e e M o ln e e A P o t t D o d g e .......... 1 0 0
A p r.
51
60
45
P r e f e r r e d .................
---• • --• 1 0 0
3 % J u ly
4ia
3%
D u lu th S o. S h o r e A A t l a n t l o Tl .1 0 0
10*4
A
p r.
7
*
P r e fe r r e d 1!......................................1 0 0
45
A p r.
E v a n s v ille A T e r r e II. p r e f .........5 0
F
e
b.
1
3
H i n t A F e r e M a r q u e t t e ................ 1 0 0
M ar.
37
P r e f e r r e d ..........................
100
J
a
n
.
8
5
I llin o is C e n tr a l le a s e d l i n e s — 1 0 0
Jau.
25
I n d ia n a I llin o is A I o w a ............... 1 0 0
6 i8 M ay
5
8
K a n a w h a A M io h lg a n ................... 1 0 0
2
Jau.
3
I 'll
K e o k u k A D e s M o in e s ...................1 0 0
12
J u ly
12
9
P r e f e r r e d ....................................... . 1 0 0
D o ils v . 8 t . L o u is A T e x a s .......... 1 0 0
6% A ug.
8i*l
M e x lo a n C e n tr a l............................ . 1 0 0
% M ay
li* 1
M e x ic a n N a t io n a l t r . e t f s ...........1 0 0
150
A ug.
K e r r is A E s s e x .........................
50
S e w J e r s e y A N . Y ....... .................1 0 0
100
p r e f e r r e d ..............................
100 % A ug.
tt. Y . L a o k . A W e s t e r n ................. 1 0 0
70
70
M ay
58
■ o r f o l k A S o u t h e r n ........................ 1 0 0
O h io S o u t h e r n ................................ . 1 0 "
l 1* J u n e
2
1%
P o o r ta D e c a t u r A E v a n s v i l l e . .1 0 0
3
Jan.
6
4
P e o r ta A E a s t e r n ................
180
181>a M ay
R e n s s e la e r A S a r a t o g a ................. iUO 1 7 0
39
Jan.
R i o G r a n d e W e s te rn p r e f .......... 1 0 0
5
F eb.
T o L S t. L . A K a n . C it y t f.............. 1 0 0
P r e fe r r e d If...................................... 1 0 0
* N o p r i c e F r i d a y ; l a t e s t p r i c e t h is w e e k .

II Indicates unlisted.

S E C U R IT IE S .

B id .

100

90

95
95

90

100
100
50
100
100
100
100
1 Of)
100
100
100
100
50
100
E d is o n E le o . 111. o f B r o o k l y n . . 1 0 0
E r ie T e l e g r a p h & T e l e p h o n e . . 1 0 0
I ll i n o i s S t e e l ....................................... 1 0 0
100
100
100
.1 0 0
M lo b ig a u -P e n in s u la r C a r C o . 1 0 0

120
70

Jan.
M ay

3 % Feb.
6 June
182
F eb.
46 % F eb.
5 >a A p r.

S E C U R IT IE S .

0

Bank o f N o w Y o r k .. $2,000,0 $1,866,8 $11,360,0
M anhattan C o...........1 2,050,0 2,178,7 14.101.0
M erch ants’ ................ 2,000,01
966,7
8.502.3
M echanics’ ................. 2,000,01 2,148,9
8.540.0
A m erica...................... 1,600,0 2,603,7 14,492,3
P h en ix ......................... l,00 0,0i
346,0
3.892.0
01 t y ............................... l,00 0,0i 3,436,6 23,960,9
750,0
93,0
T rad esm en 's..............
2.247.4
C h e m ic a l...................
300,0 j 7,409,0 22.711.0
M erch ants’ E x c h ’ ge
000,01
174,3
4.022.3
OaUaUn N a t io n a l... 1,000,0 1,078,3
6.457.7
B u tch ers'A D rov ers’
300,0
204,3
1.400.0
M echanic*’ <s T ra d ’ s
400,0
329,0
2.220.0
G r e e n w ic h .................
200,0
171,4
958.3
Leather M an u fao'rs
600,0
526,9
2.766.8
Seventh N a t lo u a l...
300,0
113,4
1.652.1
G ta teof N ew Y o r k .. 1,200,0
496,3
3.113.9
A m erican E x ch a n g e 5,000,0 2,493,4 23.376.0
C om m erce................... 5,000,0 3,525,2 20,329,6
B roa d w a y................... 1,000,0 1.582,5
5.369.7
M erca n tile................. 1,000,0
937,1
7.182.1
2.584.2
P a cific..........................
422,7
474,7
R ep u b lic..................... 1,500,0
889,0 10.140.0
Chatham ......................
450,0
906,7
5,687.5
P e o p le 's ......................
200,0
265,8
1.990.0
700,0
583,0
N orth A m erica .........
4.745.0
H an over..................... 1,000,0 2,005 3 13.874.3
I r v in g ..........................
500,0
335,8
2.949.0
600,0
385,0
O itu e n 'a .....................
2.795.7
N assau .........................
500,0
277,7
2.426.3
M arket A F u lt o n ...
760,0
818,4
5.161.0
■tioo A L ea th er........ 1,000,0
92,9
2.992.3
Oorn E x ch a n g e ........ 1,000,0 1,267,3
7.601.7
C on tinental............... 1,000,0
221,2
4.131.1
O riental .................. !
300,0
417,7
1.338.7
Im p ortereA T rad ers' 1,500,0 5,506,2 19.586.0
2.000.
0 3,145,6
P a ck ......................
.............
24.784.0
i M t R iv er
250.0
139,0
1.166,0
F ourth N ational
3.200.0 1,904.2 15.334.1
Central N ational.
2.060.0
411,1
7.89 £,0
S econd N ational
300.0
057,0
4.937.0
N in th N a tion a l..
750.0
33*\4
2.937.2
F irst N a tio n a l...
500.0 7,230,9 20,120,0
T h ird N a tio n a l......... 1.000. 0: 20w,4
6.636.9
*1,380,4
N . Y, N at. K xch an go
3 00 ,01
75,0
B o w e r y .. . . . . . . . . . . .
2.703.0
250.0
593.1
N ew Y ork C o u n ty ..
200.0
424.1
2.097.2
G erm an A m erican..
750,01
294,0
2.697.2
C hase N a tion a l.......
500.0 1,421,7 12,401,9
F ifth A v e n u e .. . ..
100.0 1,121.1
0,780,7
G erm an E x ch a n g e ..
200.0,
004.0
2.449.3
G erm an ia....................
200,0;
054.8 2.771.4
U nited S ta tes...........
600,0
539,4 4.957.7
i d n o o l n .. . . . ...............
300.0
011.8 6.796,2
G arfield....................... :
200.0
089.3 3.717.4
F ifth N a tion a l......... j
309.2
200,0
1.729.8
Bank o f the M etrop.
300.0
848.6 4.459.0
W est H ide.................
200.0 320.8 2.003.0
Seaboard.....................
500 0 208.1 4.823.0
Btxth N ation a l..........
200.0 346.4 1.784.0
W estern N a tio n a l.. 2,100,0
350.7 10.579,3
F irst N at. B r 'k lv n ..
905.2 5.259.0
300.0
N e t. U nion B a n k .... 1,200,0
539.0 7,857,6
L ib e r ty N at. Bank.
200.9
500.0
2.008.8
N .Y .P rod . E xch’ ge": 1,000|0
322.0 3.304.4

__

_...
137%

38

‘, 2214

2238
80
60

40

Specie. Legals. Deposits.
$890,0 $2,050,0 $10,600,0
1.419.0
2.513.0 15.035.0
1,174.2
9,110,9
1.144.8
7.031.0
629.0
1,43 L.O
1.809.6
2,088,2 15,637,2
3.598.0
111.0
874.0
0,483,2
1.924.9 27.470.0
1.612,6
139.0
192.0
2.519.7
3.893.0 21.051.0
663.1
518.4
4.439.3
248.6
1,188,2
4.920.0
130.2
1.275.4
218.5
135.0
230.0
2.001.0
130.6
195.4
927.3
180.6
011.1
2.380.2
228,6
229.0
1.771.8
38,6
480.7
2.220.4
028.0
39 65,0 15.939.0
402.0
2.810.3 12.443.8
738.4
575.0
4.430.0
391.6
9 79.1
6.340.0
329.9
374.4
2.747.2
1.478.1
629.1
9.784.0
510.3
790.2
5.340.0
189.4
411.8
2.469.8
835.0
671.0
4.890.6
3.170.0
1.734.0 16.090.0
283.9
454.8
2.820.0
239.0
149.4
2.336.2
103.4
483.7
2.819.8
486.0
1.060.4
5.527.7
332.9
421.5
2.966.3
1.022.0 1.173.0 8.370.2
395.0
899.4
4.898.0
128.0
248.7
1.610.0
3.00J.0
1.917.0 18.523.0
3,273.0
2.029.9 25,851.7
101.4
320.0
1.150.9
1,080,7
4.034.5 10.099,4
146.0
1.584.0
7.011.0
740.0
1.245.0
5.920.0
240.6
582.1
3.068.0
071,8
3,920,3 17.818.9
1,450.0
200.2
0.708,2
1293
254.0
1.317.3
396.0
338.0
2.919.0
407.3
340.5
3.159.3
224.5
421,3
2.493.8
1,310,2
4.390.9 15.908.1
910.4
1.401.6
7.701.2
221,8
418.2
2.882.4
494.3
446.1
3.945.2
708.0
607.3
5,080,7
501.9
1.197.9
0,489,3
010,8
.342,9
4.040.3
165.9
402.0
1,887,6
089.4
840.5
5.645.2
188.0
363.0
2.040.0
880,0
737.0
5.739.0
131.0
178.0
1.325.0
219.8
2.677.0 10,851,6
489.0
831.0
6.306.0
460,2
1.273.0
7.200.2
29,3
439.0
1.860.0
542.6
382.8
2.970.3

T o ta l................... 100,622.7'73.294.0 453^070.1149.196,9

70,799,6 447,071.8

.........

90
110
95

A sk .

59
33

A p r.
A ug.

62**
75
35
30
86*4

ja u .
A p r.
F eb.
Apr
Apr

17
78

J u ly
F eb.

60
72
2m
6*4
8 7s

F eb
F eb
June
F eb.
Feb.

4%
June
A p r. 3 4 0
2
A p r.
14
June

Jan.
June
Jan
June

7
24%
48
le i

Feb.
F eb
A p r.
F eb.

B id

A sk

....

5 9 *s F e b .
40
Aug
43* J a u .
5
A ug.
*4
320
1%
14
12
35
80

A ug.
A ug.
Aug.

IX.

B O N D S SEPTEM BER

B id .

M is s o u r i— F u n d ................. 1 8 9 4 .1 8 9 5
N o r t h C a r o lin a — 6 s , o l d ............. J & J
F u n d in g a c t .................................1 9 0 0
N e w b o n d s , J & J ...........1 8 9 2 -1 8 9 8
C h a th a m R R
S p e o ia l t a x , C la s s I .
C o n s o li d a t e d 4 s ..........
. .1 9 1 0
6 s ......................................................1 9 1 9
B o n th C a r o lin a — l b s , 2 0 - 4 0 . . 1 9 3 3
6 s , n o n - f u n d ................................1 8 8 8

S E C U R IT IE S

T e n n e s s e e —6 s , o l d ...........1 8 9 2 -1 8 9 8
6 s , n e w b o n d s ---------1 8 9 2 -8 -1 9 0 0
...........
do
n e w s e r i e s ................... 1 9 1 4
C o m p r o m i s e , 3 -4 -5 6 s ............ 1 9 1 2
38
..................
. 1913
R e d e m p t i o n 4 s .......... ............. 1 9 0 7
do
4 * « 8 ....................... 1 9 1 3
103
P e n it e n t i a r y 4 * * s ......................1 9 1 3
107
V i r g i n ia f u n d e d d e b t , 2 - 3 s . . . l 9 9 l
6 s , d e f e r r e d t ’ a t r e o ’ ta , s t a m p e d .

75

55
4

5 7 ifl

New York City, Boston and Philadelphia Banks:
Ba n k s.

! Capital Surpl's Loans.

H ig h es t.

....

.1 0 0
46
50
1 0 0 114
.1 0 0
.1 0 0
4
.1 0 0 u u *
.1 0 0
340
50 2 9 0
100
3
1 %
100
15
100
.1 0 0
.1 0 0
14
15
.1 0 0
35
40
.1001 8 0
95

12
F eb.
2 % F eb .
1 6 6 % Feb.

New York City Bank Statement for t h e w e e k ending
Sept. 5,1896. We omit two ciphers (00) in all cases.
BANKS.
(00s om itted.)

L o w e s t.

140
115
135
A u g 1503* A p r
33
37
108
112
L05
A u g . 116
M ay
74
A ug.
97
M ay
188
A ug.
15
33
M ay
1 6 i$ 1 2
114 ■*
7 5 L* A u g
95 *2 J u iie
*2 F e b .
1
*3 F e b .
86
A ug.
96*4 F e b
% J u ly
4*s Jan .
%
38
3 4 14 F e b .
19% 14 % Aug.
U9
90
90
M ay
98
F eb
___
4 :*e M ar.
% J u ly
125
1 6 2 *4 A p r . 162*4 A p r.
31
36
30
M a r.
3 2 *« M a y
__ 21*4 A u g . 3 3 1* J u n e
100*4 M a>

A m e r i c a n B a n k N o t e C o ff .

} A c t u a l s a le s .

A sk.
101

B id .

R a n g e (sa le s ) in 1 8 9 6 .

A sk .

m is c e lla n e o u s S to c k s .
18318 M a y
11 >4 F eb .
2 9 78 F eb .
7
F eb .
1311* Jan .
102
M ay
35
M ay
6 2 i* M ay
70
M ar.
103 b J u n e
5 4 i* M ay
162
M ay
91* J u n e
60
June
6
Jau.
I t >4 F e b .
50
Feb.
16
F eb .
43
F eb
92>* M a y
25
J an.
8 Jau.
3 >4 M ar.
18
Feb.

NEW YORK STOCK EXCHANGE PRICES.— S T A T E

A la b a m a —C la s s A , 4 t o 5 . . . . . 1 9 0 6
C la s s B , 5 b ...................................1 9 0 6
C la s s 0 , 4 s .................................... 1 3 0 6
C u r r e u o y l a n d i n g 4 s ............... 1 9 2 0
A r k a n s a s —6 s , fu n d ,0 o L 1 8 9 9 -1 9 O O
d o . N o n -H o l fo r d
7s, A r k a n s a s C e n t r a l B R j . . . . __
L vu lsla n a —7 s , c o n s . . . . . . . — .1 9 1 4
S t a m p e d 4 s ................ - .....................
N e w o o n o ls . 4 s _______ . . . . . . . 1 9 1 4

S ept. 1 1

I n a c t i v e St o c k s .

H ig h est.

L o w e s t.

(\ Indicates actual sa le sj

N . Y .*
A u g . 8..
*• 15..
“ 22..
“ 29..
S ept. 5..
B o s .*
A u g . 22
*• 29..
S ept. 5 ..
A u g . 22..
“
29..
S e p t. 5..

Capital <k
Surplus.

Loans.

Specie.

Legals.

$
133,910.7
133,916,7
133.916,7
133,916,7
133,910,7

$
460,037.6
464,918,2
158,933,5
455.790,2
453,070,1

$
46.545,8
46.863.0
46,796,6
47,345.7
49,196.9

$
86,560,9
79,385,6
77,050.7
74.474,2
70,709,3

09,351,8 161,793,0
09,351,8 160,921,0
09,351,8 100,479,0

7,119,0
7,146.0
7,259,0

35,263,0 102.589.0
35,263,0 102,352,0
35,203,0 102,518,0

D eposits.+ Oirc’ l’n. Clearing/ .
$
477 .164 .5
467 ,303 ,7
450,298,0
451,934.0
44 7,071,8

$
14,963,2
15,789,*
16,365,8
17.055,5
17,979,6

$
502 ,877 ,4
467 065 ,9
441.280,5
410 580.2
47 7,535,8

7,013,0 134,875.0 9 ,9 7 8 .''
0,833,0 131.393,0 10.040,0
6,081,0 132,602,0 LO,005 ,0

71,022,5
59.7 0 7 ,7
72,177,1

26,040.0
25.890.0
25,520,0

95,072,0
95,280,0
94.5 9,0

0,599,0
6,547.0
0,034.0

54,4 5 4 ,3
50 3 44 ,7
48,8 6 8 ,9

* W e o m it tw o ciphers in a'l th**e finure*.
+ In c lu d in g te r B o sto n an d P h ila d e lp h ia t h e Item “ d u e t o o t h e r b a n k s .”

Miscellaneous and Unlisted Bonds:
M is c e lla n e o u s B o n d s .
A m or. S p ir iis M fg ., 1st 6 s . . .
61
Br’ k lyu Un. G as, 1st co n s. 5s. 104
Ch. Juu. & S . Y d s .—C o l.t.g .,5 s
Col. c. <feI . D evel. g o . 5 s ........
C o lo ra d o Fnel & I .—G en. o s .
Col. & H o ck . C oal <fc I .—6s, s.
Cons. G as C o .,C u ic.—l s t g a .o s
79 a.
C on sol. C oal c o u v . 0 s ...............
95 b.
Det. ghs co n . 1st. 5 .................
E d iso n E le c . III. Co —1st 5 s .. I09*aa.
Do.
o f B k ly n ., 1 s t 5 s .. 101 a.
E q u it. G .-L ., N . Y .,co n s. g .5 s .
E q u ir a b lo G. & F . —1st 6 s ___
95
H e n d e rso n B rid g e —1st g . 0s. ‘110
I llin o is Steel deb. 5 s ..............
N o n -co n v . d eb . 5 s ................
I n t. Coud. & I n s . d eb. 6 s........

M is c e lla n e o u s B o n d s.
M au h a t. B e ich H <fe L. g. 4s.
vietrop ol. T el. * T e l. 1 s t 5 s ..
M ich .-B en in . C ir 1st 5 s ___
-Mutual U uiou T e le g .—6s, g . .
N at. S ta r c h M fg . 1st 6 s ........
N .Y . & N . J. I’eiep. gen . 5 s ..
N o rth w e s te rn T e le g r a p h —7s
P o p ie ’ s G as * C. / l ' t g, 6s.
Co., C h ica go. . . . J 2d g . 6 s .
1st c o :is . g. 6 s ........................
Pie is . V a lle y 'o a l—1 s t g . 6s.
S u n d a y C reek Coal 1st g 6s.
U. S. L e a th e r —S .f. d *b.,g.,03.
W e ste rn U nion T e le g .—7 s . ..
W h e e l.L .E .& P itts.C - al ls t5 s
U n li s t e d B o n d s .
C o m sto ck T u n n e l—in c . 4 s . . .

I06**b.
93 b .
105 34b.
i03**b.
102 b .
99 *s*.
110
107

a.
b.

0 b
Noth .—“ b” ln d io a te s p r ic e b id ; “ a ” p r ic e asked. * L a te s t p rio e t h is w e e k .

Bank Stock L ist—Latest prices this week.
BAN KS.
A m e r i c a .......
A m . E x o h .. .
B o w e r y * ...
B road w ay . . .
B u tc h s ’ & D r .
C e n t r a l.........
C h a s e .............
Ch atham ........
C h e m ica l ..
C it y ........... .

B id .

A sk .

300
165
275

BAN KS.

G arfield ____
170
G erm an A m .
G erm an S r '
245
G a rm a m a .
120
G re e n w ic h .
120
135
H a n o v e r .......
400
H u d . R iv e r ..
270
300
Im . & T r a d ’ s’
4000 4500 I r v i n g ............
500 750
L e a th e r M ts’
120
140
C o lu m b ia ___ 175
M a n h a tt a n ..
C o m m e r c e ... 195
200
M a r k e t * Ful
C o n tin e n t a l. 130
M e c h a n ic s ’ ..
C orn K x c h ..
290
M ’e lls’ A T ra ’
E a st R i v e r .. 125
M e r c a n t ile ..
11th W a r d ... 200
M e rch a n ts ’ ..
F ifth A v e .... 2700
M e r ch ’ ta E x .
F ifth * ............. 250
275
M e t r o p o lis . .
F ir s t ............... 2850
M t. M o r r is ..
F ir s t N., 8 . 1 . 110
N a s s a u . .. .. ..
175
14th S t r e e t ..
N . A m s ’ dam
F o u rth ........ 160
170
N ew Y o r k ...
G allatin......... 290 316
N .Y . C o’ n t y .

_

.....

B id.
105
380
105
310
157

625
111)
367
195
540

140
160
750
200
200
185
130
110
400
100

195
140
180
137

150
190
215
015

(*Not listed.)

A sk. f B A N K S .

235*“

N Y . Mat. E x
N i n t h ...........
19 th W ard.
N. A m e r .'ia
O rie n t* . . . .
P a c i f lo .. . .
P a r k ... ........
P e o p le ’ s . ..
P h e n ix .........
P r o d . E x .* ..
R e p u b l ic ....
S e a b o a rd . . .
S e c o n d ..........
S e v e n th ___
S h o e * L e ’ th
S t a t e o f N .Y .
T h i r d . ........
T r a d e s m ’ n’ s
U n ion 8q.*
U n io n . ........
U n ’ d S ta te .
W estern
W e s t S id e ..

m < i~ A s k

125
125
195
180 "
250
260'
230
100
114
135
150
170
174
425
100
90
98
105
110
103
1*75*

200

175
110*a
275

449,

THE CHRONICLE,

S eptember 12, 1896,

BOSTON, PHIL A. DELPHI A. AND KALTIKOKE STOCK EXCHANGES.
S h a re P r ic e s — n o t P e r C e n tu m
A c t iv e S t o c k s ,
f In d ica te s u n listed.

S a tn rd a v ,
8 e p t. ft II

B altim ore T ra ctio n “
25
B a ltim ore Trao'uT 11‘hU . ) . 25
B oeton A A1 b an y <B o t (on 1.1 ( hi
E o 9U>q A L o w «11
“
100
B o sto n A M aine.
*■
100
C entral o f H a m .
“
100
t Teferre*!.........
“
100
0 e .B u r .A Q n ln .
“
160
O ilo .M ll. A 8 t. P. (P h il.1.100

1 1%

• __ _
164
_____ . . . . .
20-4*4 203
'2 0 2
.....
* __
153

*

.... ......
65% 6 6 4
......
86

FlU bbtiric p r e f .. ( B o s t o n ) . 1 00
M etro p ol'n T r a e .f <■
100
M ex ica n C en t‘ 1 f B o i i o n ) .X 0 0

86
3a

8%
•

N orthern C entral (H a l j . .^0
N orthern P a oltlc: rP h ilo .jlO O
P re fe r re d ;
“
100
O ld C o lo n y ____ ( B o i t o n j 100
P e n n s y lv a n ia . . . < P K U a .). 50
P hil. A B ead in g. 1
“
50
Phllatlelph T ru e
“
50
U nion P aclfle. ..(H o a U m ). 100
U nion T n u ’ t l o n . f / ‘h ifo ,t 50
T II» r F lla n e o u s M o c k * .
A ai.8u i?'r K«<rtn.*>(
P r e fe r r e d .........
"
___
B ell T e le p h o n e ..
'*
1 00
Boot A M ontana.
“
25
B ntte A B oston
"
26
Oalum et A H erla
*4
2ft

T u esd a y,
S ept. 8.

124

n%

A tch. T . A 8. F e‘, (B o j!o n ). 100
A tla n tic A P a c.
“
100

M on dav,
S ept. 7.

1 73 % 173%
......
d
6%

6%

113%
io m
205
78%
•“ s
301

114%
lo m
306
7 9%

*

Inactive 8tockt.

301

B id .’ , A **

P r i f e i o t S tp le m b tr 11.
A tlanta ft C h a rlotte (H n l U .1 0 0

Bost- m A P ro v id e n ce (B oston ).100
Cam den A A lla n tic p(. (PAUa.) 5 0
“
50
O ela w tssa ............
l e t p r e fe r r e d . . . . . . .
"
50
O m n i O h i o ................. (S a lt.) 50
C h ica go A W est M ich . (B ru to n ) 100
C onnecticu t A P e e * ..
•*•
100
C on n ecticu t R iv e r . . .
"
100
O o n e o l.T r a c t .o f N.J.r( <PAUa.).lOO
D elaw are A Bound B r.
“
100
P ilo t A P ore M a rq . . . ( B otto n 1.100
P referred ___ . . . . .
••
100
H setoovU le P a a een g. ( P h t l a . ) . 5 0
P r e te r m it. . . . . . . .
"
50
R a n t. A B road T o p ...
“
50
P re fe r re d ...................
“
50
C an. C y F l S. A M em .( B oston ). 100
P r e fe r m l _______ _
"
100
U ttleS etauvtkill ........i p a Uo i . So
M aine C entra . . . . „ ( B oston; t
Mine H111 A 8 . II■ v e o . t PA,/ « . /
SO
50
N enanebonlng V » 1 . . .
••
B o n n A m erica n C o ..
"
100
B ortb P en n sy lv a n ia .
•*
50
Ov.Sh. L ine 2d asst.p d f Boston / . 100
P enn sylvania A .8. w . ( p A t l a . i . 5 0
P h ils le i. A E r i e ........
“
so
R ati
d . . . . -------. . t B a tu m i 100
P re ‘e rr e d . ...................
•• 100
8>uthern .................
/ B a ii.i . l o o
P r e f e r m l........... ...........
•• l o o
Meet End . . . . . . . . . . . .(B o tto n / 50
P referred . . . . . . .
50
United Coe. o f N. J . . r t ’ A U a . i l o o
M eet J ersey ...................
"
50
W e n J ersey A A tle n .
**
■"
W eeiern N .Y . A Penn
"
100
Wmooneln C entral . . . t B a i t o n ) .1 0 0
P r e fe r r e d ....................
“ 100
100
W ore% t.N iieh .*R oob
“
MIAOKC.LaVK'JttA
A llou ex Min V . aaet p d f H o i ( o n ) 25
A tlantic M in in g.........
“
2 ft
Bar S tate U se 1 ..........
80
io !
Bouton L a n d . . . . . . . .
"
C entennial M in in g ...
“
10
P ort W ay ne E le o t -f..
"
F ranklin M in in *. . . .
“
25
Prenchtn n'e Bay L’d .
"
K earsargn M inin* . . .
••
25
O eoeoia M i n i n * .........
“
25
P ullm an P a la ce Car
"
100,
P e n n e rlv a n la Steel. (P h ilo. 1 .1 0 0
P re ferred U. ........ ..
"
100
Q uincy M inin*
( B a t u m i . 25)

......
65 4
69
5%

....
67
704
5%

•86
294
9 3%
3%

3o
03%
8%

11%
20
1734
504
7%
61 %
6
10%
113
100
204
714
•i%
302

C onsolid ated O ae
M
100
E le c .s io r . Bat'ytH P h lfa .l.100
P referred IT
" 1 0 0
37
Vi
Brie T e le p h o n e . ( B o s to n ) 100
26*4 21
G en era l E lectric.
“
100
P ref«rr«*d .........
100 •6 4 4 66
IlU nols S t e d . . . .
••
100
3 »%
A3*m*onBtMre8«r
**
ftO •17%
Leht’ h CoalA.N av. ( P K U a
50
92
92
N. E .T elep h on e ( B o g t o n ) . 100
Pa. JleaL C. A Pow <P K ita . j ........
D n if d O a s I m p .v
"
50
W einbar h U K htl,
"
ft
Waa* Knd laand . J RagUynt
•«*4
* Bid and asked p r ic e .
| H o lid a y In Phltailelphla.

124

W ater P o w e r .............
W eatln gh . E len, a M.

P ref., o n m n la t iv e .

« o n dt - B o s t o n ,

B

25

100
50
50

op. A 8. V. gen eral *, 4s, 1995
A d ju s t m e n t* . 4s, 1 99 5 .
U nited O ae 1st 6e.

n%

*
154
204
203
155

...... ......
t ii4
7 0 4 71%
5
5%

.....
05%
69%

87
294
934
84

87
294

87
•294
934
3%

8 V

•
A
60
60
6ft
66
6ft
05
124 124
l l ’s
u%
2 0 4 20%
20
20 4
1 7 3 4 173
17J% 1 7 3 4
504
5 0% ftl
504
7%
8
85,e
8 't s
64>,
6 1% 6 *%
•3%
•5%
•3
6*
8
10%
11%
1 0 4 104
1164
lo o
20 S
80%
30 2

•59
60
2 6 4 •26 4
26*a 2 7 4
57% 58
26% 23%
6ft
6^
39% 40
11
11
3 9 4 39 4
Hi
92
12
12%
6 5% 63 H
3
9%
39 4
•14
n o ta le w a«

115%
10«
2 03
bO
•i %
302
•o * 1
27
21
514
21
*65
•314
174
:i9w
92
124
654
10
■1%
m ade.

117w
102
201
31%
....
302

11%
*4
•134
*60 ”
16% •15 4
15%
154
205
2 01 %
*203 •2 »2
15 > *155
MO
_____ •52
66% 65%
69%
704
• 54
1ft
87
*114
29
29 4
927 ,
84
8**
•35
Co
•57
‘ 65
65
12
*124
20%
19%
1 7 3 4 *173
5 0%
51
7%
7%
G l\
63 4
•6
d
lo %
104

In a c t iv e t t o c k e .

1

f Unlisted.

12
1
144
61
16
16
204%
293
157
12
51
61
7 1%
54
15 ’
M7
29 4
927,
9A
4 •
60
07
12%
194
17 i 4
507,
7‘>„
6 4 *s
6%
11%

3 ,8 6 >

R a n g e o f sales In 1 39 0 .
l«o west.
8 % Aug.

H igh est.
7

1 7% F eb . 2 4

ftl* 11% Sept. 2
10 6 0 " J u ly 2 0
5 0 1 4 % A ik;. 10 19% A p r. 10
565 1 4 4 Autr. 10 19
A p r. 17
A il* . 4 217 J an . 28
73 200
1 l 200
A u g. IO 209 J u n e 1
75 149
Au if. 11 171
F eb. 19
10 M ar. 3
12% M ar. 10
5 2 % J u ly 1 0 5 6
F eb. 23
2 2 .5 6 ' 53% A u g. 7 8 2 % A p r. 24
1 5,5 52 60
A u g. 10 7 9 7e J u u e 17
49
IOO 1 4 * A u g. 14 3 0
Jan . 2
59 8 4 4 A ug. 14 97 F eb . 10
1.023 2 7 „ A n -. 27
2 96 7 8 % A u g. 7 109% M ay 25
6 3 > 6 4 A u g . 6 12% Feb. 24
35
A u g . 1 51
J an . 28
55
A ug. 12
25 65
A u g. 27 7 0
F eb. 14
1.9 0
% M ay 25 1 12% S ept. 9
854
9 7 , .Apr. 17 ; 2 % 3 e p t . 9
59 173
A ug. 11 179
M ay 8
1.231 49% A u g. 27 5 4% A pr. 23
17.1 37
1 4 J an . l o
85, S ept. 9
7 .1 0 7 5 7 7 , A u g. 10 7 2% M ay 5
5 "0
3 J hu 2 < 10
A pr. 21
12,824
S% A u g. 7 2 0 M ay 18

113%
lO f,
293
78%
1%
305

B id.

B oeton U nited G a s, 2d m . 5 e .. 1939 4 60
......... 9 0
Bari A Mo. R iv e r E x e a p t 6e, J A J 1115
252 2 6 0
N on -ex em p t 6a-------..1 9 1 8 , J A J jiO ft
..........1 45
P lain 4 a ...........................1 91 0 . J A J } 9ft
Ohio. B url. A N or. I e t 5 ,1 9 2 6 . A AO 1} 91
52
2d n iort. 6 e ...................1918, J A D ) 93
53
D eb en tu re 6 e . . . .......... 1 89 6 , J A D J 93
. . . . . ! 40
Ohio. B url. A Q u in e y 4 « 1922, F A A li
I 10
141
I o w a D iv ision 4 s ........1 9 1 9 , A A O i 91
141
C h le.A W .M loh . gen . 5 s, 1 9 2 1 , J A D if 5 0
2 50
2 40
20 ! 22 C on sol, o f V e rm o n t, 5 s .1 91 3 , J A J 5J
101% C urren t R iv e r, 1 st, S s.,1 9 2 7 , A AO l 5 0
T o" 11 D ot. Lana. A N or n M. 7*. 1907. J A J * 6 0
32 ! E astern 1st m art 6 * .1 9 0 6 .MAH $1 * 0
28
>124
F ree.E lk . A M. V., 1 at, 6s. 1933, en
46
57<«! U n sta m p ed , 1st, 6e, 1 9 3 3 .......... 5120
27 I K .C .C .A S p rin g .,le t,S g .,1 9 2 S ,A A O \ 6 0
K G F .B .A M. e o n .6 s , 1 928, MAN { 1 ft
50
10 K .C .M em . A B Ir.,la t,2 s,1 9 2 7 . M A8 * ftO
5
5 0 I K .G Bt. J o . A C. B .. 7 s . . 1 907, J A J t l 2 l
35
0O ; I.. R ook A Ft 8 ., 1st, 7 s . . 1905, J A J {4 TO
i i s " 1 3 0 | Louis.. E v .A fU .L .ls t .d g . 1926,A A O 5100
60%
2 m ., 5—6 * .................. 1836. A A O } S‘3
"55" I M ar. 0 . A O n t., 6 e ........1 92 5 . A A O § 10 ft
4 % M ex ica n C e n tra l. 4 * .. .1 9 1 1 , J A J ! 05
ls to o n a o l.I n c o m e s , 3 *, n o n c n m .
17
83
7
2d oo n e o l. ln eo m e e . 3 s. n o n -ca m .
13 !1 1 3 4
X . Y . A N .E n * „ l s t ,7 s , l 9 0 5 J A J ‘ ‘ 115
•109
O gd en. A L.O ., C o n .0 a ...1 0 2 0 , AAO 5 7.1
2
i
In c. 6 e --------— ----------- . . . . . . 1 9 2 0 >.........
03
70
;B a H and, 1 s t .6 s ........... 1902,
5 91
l 8i
—
!
61
• fV %
A t l a m l e ^ t y 'l s t '‘is f g * l l ^ i£ M AM 1 0 0 4
H94 9*1
234
23 4% B uffalo B y. c o n . l » t . 5 s ........... 1931 ..........
C ataw lasa, M . ,7 » ......... 1900. F A A
60
C h oc. O kie. A G u lf, p rior lien its.. 10 1
20
2» C ltlxen s’ 8 t.K y .o f I n d .,o o n .5 s .l9 3 3 .........
i%
2
C olum n. St. R v „ 1st. oon. 5 a . 1932
i%
Col mu n. O .C r o ss to w n , ln L 5 s.1 9 .il
1ft
C onsol. T ra ct, o f S . J .. lst,5 s ,1 9 3 3 *78**
112
117
D et. A B’d Br k , 1 s t .7 s .1 9 0 5 ,F A A 120
E aston A Am . 1«* M ,5 s . 1 92 0 . MAN
1
%
6 ft 4
16
E lec. A P eop le's True. sto o k .tr. otfs
17
77,
E lm ir. A W ilm ., 1 s t ,6 s. 1 91 0 , J A J . 1 2 0
1
H
e
e
to
o
v
ille
M
A
F.,
oori.
5s..
1921
3%
41
H un t. A B F d T o p .C > n.5 s.‘9 5 ,AAO — •15
*2 ft
2
Lehl*ta S a v . C s i ........... 1 9 U . Q - J
1
2d 6 s , * o M ..........1 8 9 7 .J A D
8%
9 1
G en era l m ort. 4 %s, * .1 H 2 4 .Q - F
. 14
V L ebigb
V s .Coal 1 »t 5 s . * .1 9 3 3 .JA J
9 ft
%
21 1 25
L eh igh V a liev. l » t 6 s . ..1 8 9 8 , J A D 104
143 <i 144
, 2 d 7 t ............................... 1 910, MAH — —
20 ...... I C ons-.l 6 .................. .. .1 9 2 3 , J A D
3 7 % . . . . . N ew ark P a w n g e r . oon. 5 s... 1930
99
N orth P enn . 1 s t. t s . . . . l 9 3 6 , M*iN 1 03%
107
103
G en . M. 7 s ................................1 9 0 3 . J A J
72
75
P a terson R ailw ay, co n so l. 6s . . . . .
P en n sy lv a n ia *eu ,6 s . r.. 1 910, Vat i 3 0 "
24
27
C on sol. 6s, c
1 9 0 5 , Vari
49
49%
C on sol. 5 s. r ............. . . ..1 9 1 9 , V ar
474
74%
O o lla t.T r . 4>t * .........1913. J A D
{ 3.8
33% Pm A X . Y . C a n a l.7 s . . .
' 6 ,J A D
»7ft
7 8 I O on . 5s............................1 9 8 9 A A O

‘ Prise Includes overdue oon pons.

117*

Sales
o f th e
W eek,
Shares.

F rid a y.
8 e p t. 11

118% 113% 115% 41 318 9 5 % A u g 8 126%
10 % 101
10 1 4
7 4 1 9 2 4 A ug. 10 1 0 5 4
201
204
205
2 6 5 195 J u ly 29 2 09
11.72 4 65 J an . 7 9 1 4
79%
78% 1 0 4
550
1% M ar. 7 13%
1%
1%
1%
3 Jft •302
305
29 295 J an . 3 311
Mo
59
. . . . . 5 5 4 J au . 20 6 6
6 3 1 •59 4 6
•594 00%
n
27
27
2«4
1.771 20
A ug. 10 3 6 4
214
JS%
2
s%
3
0
1,332
s
o
22
A u g. 1 38
2“ %
57** •C>5
ft?
57
57
307 5 1 4 A ug. 10 63
277,
27
29
2 7% 21
6 .1 4 6 21
J u ly 16 3 9 4
67%
66
61
160 5 0 J an
1 71
•62
6>
3 7 % 31
391
3 8 % 38%
5 8 0 3 2 A u g . 31 7 5
17%
11
11
121 157 , AUg 1> 21
11
18
39% 39% •39% 4 0 4
115 39
A ug. 3 4 6 4
39 4
92
27 8 7 % Jan 2 . 9 0
* ..... 9 2
*91
92
13 4
13 *0i 13%
13% 13 7.
5 ,851
9 Jau. 7 15%
1 #9 5 9 4 A u g. i
8\ ’ S 0 '%
0 5 % 85%
81%
4
0
10
4
0
4
705 3 4% J # ly 16 67
404
■4 •%
2
14
1% h u g . 10
2%
•i% i%
l%
t T ru st r e e l pta, 0 5 paid. 1 T ru st re e .all Instal. paid.

& 10 11

Tamarac* Minin*....

P r ic e s .

T h u rsd a y ,
Sept. 10.

124

13 4 134
60
60 "
16%
13% 1 6 4
16% 16%
15% 15%
205
2 " 4 4 205
205
202
202
•202 203
15C
156
156
156

•
•

60

12%

W ed n esd a y,
8 ep t. 9.

4 And accrued Interest.

A sk .

Bonds.

A p r. 21
J u n e 12
J u n e IS
J u u e 15
J an . 31
M a y 22
A pr.
A p r.
A p r.
J an .
Mar.
A p r.
A p r.
M ay
F eb
J u ly
June
Jan.
Feb.
Feb.

B id

2
15
16
31
13
14
15
6
8
17
15
2
17
14

A sk.

P e o p le 's T re e , tru st ce rts. 4s.. 1913
61
9 0 ‘s 91 “a
no
P e rk lo m e n , 1 st s e r .,5 s .l 9 1 8 , Q —J 101 ......
106
P h lla.A E rls gen . M. 5 * ., 1920, A A O
91
G en . m o r e , 4 * . . . . . . . 1 9 2 0 . A A O
9 8 % Phlla A B ead , n ew 4 * ., 1958, J A J
..........
74
96
1st p re f. In co m e , 5 g , 1 95 8 , F eb 1
33
..........
97
2d p re f. In com e, 5 g , 1 95 8 , F eb . 1
19
..........
90
3d p re f. In com e, 5 * , 1 95 8 , F eb. 1
17
..........
97
2 d, 5 s.......... .................... 1 9 3 3 , A A O 120 i..........
e o 1 O on sol. m o rt. 7 s .......... 1911, J A D .......121
5 5 I C on sol, m ort. 6 * _________ ..1 9 1 1 , J A..........
D
117
60
Im p r o v e m e n ts !. 6 g ., 1897, A A O ..........103
6 ft
Oon. M .,5 g .s ta m p e d .1 9 2 2 ,MAN 100 1C0Q
12 1
T erm in a l 5s, * . . . . . . 1 941, Q .— F. 107
108
127 j Phil. W llm . A B a l t , 4 s . 1017, A A O
P itts. C. A Bt. U .7 S . ... 1 9 0 0 , FA A i b T " 1 0 9 '
123
70
B oebea ter R a ilw a y , o o n . 5s ..1 9 3 0 ........ 100
90
8 ch u y l.R .E .8 1 d e ,ls t5 * .1 9 3 5 , J A D 1 0 1 *S!...........
55 I U nion T erm in a l 1 s t 5 s ..........F A A
123 ;
80
A t ^ A ^ r f ’ i S ^ r i o O l . J A . 5 115
1 17 Q
103
B a ltim o r e B elt, 1st, 5 s . 1 99 0 . MAN
8 0 ‘s 8 1 Q
87
Balt. G Pass. 1st » s . . . . 1911. M AN 113 111!
107 1 Balt. T ra ctio n . 1st 5 s . . 1 929. MAN 107 i s ..........
60
E xtern A Im pt. 6 » . . . . 1 9 0 l , MAS U 0 > « l o t ' s
1H
No. B alt. D lv ., 5 s ........1 9 * 2 . J A D 1 05 A 1 0 0 ‘s
; B altim ore A O h io 4 * ., 1 93 5 , A A O 100 .......
1
111
Pitta. A C on u ., 5 g. .1 9 2 5 , FAA
110
S taten Island, 2 d, 5 g .1 9 2 6 , J A J
80
B a l.A O h io S .W ..l« t ,4 * * g .l9 9 0 ,J A .I
95
100
10 1 C ap ek '.A Y a d .S e r.A ..6*11916, J A D
100
S eries B ., 6 * . . . . . . . . . . 1 9 1 6 , J A D
9 0 j S eries C ., 8 * ______ .. .1 9 1 6 , J A D
c e n t . O h io, 4 8 * ............. 1 93 0 , MAP
Cent. Pass., 1st 5 s . ....1 9 8 2 , MAN
c i t y A Bub., 1st 6 s ......... 1922, J A D 1038) 108%
1 0 8 % C ba rl. C o l.A A u it.e x t.5 s . 1910, JAJ 1 0 0 ‘s ..........
OoL A G re e n v ., 1st 5-6S .1917, JA J 102
105
80
<O a. C ar. A N or. 1st 5 * ..1 9 2 9 , JAJ
G e o rg ia P a c., 1st 5 - 6 s ...l 9 2 2 , JAJ 105
103 1 09 %
.......... N orth. C ent. 0 s .................1900, JA1
6 s ..................... ..................1 9 0 4 ,J A J
S eries A , 5 s ....................1 92 6 , JAJ 109
1 1 0 ‘s
4 % a ..................
1925, A A O
P led m .A C um . ,1 s t, 5 * .1 9 1 1 . F A A
08
••mama j P itts. A C o n n e lls. I s t 7 s . l 8 9 8 , J A J 102
d o n th e m , 1 st 5 s ___ ____ 1994, J A J
V irgin ia M id ., 1st 6 s . ..1 9 0 6 . MAP 107
2 d S eries, 6 s ....................1911 MAP 103
10 2 V
3 d S eries, 6 s . . . ............ 1 91 6 , MAP
100
4th S eries, 3-4-5n........ 1 92 1 , MAP
95
96
5 th Bertas. 5 s ................1 92 6 , MAP
W est V a O .A P . 1 st, 6 * .1 9 1 1 . J A J 1 0 2 %
107
129
W eet‘1 N.C. O oneol. 0 * . 1914, JA J 10J
115
WUm. C ol. A A n * ., 6 s . .1 9 1 0 , J A D 110

100

■flSOKbbAN KOOH.

B a ltim ore W ater 5 s . . . 1 91 6 , MAN
F u n d in g 5 s . . . . m ........1 9 1 6 , MAN
" 1 1 " I E x ch a n g e 3 % s .......... ..1 9 3 0 , J A J
131
V irg in ia (8 t a t e )3 s , n e w . 1932, J A J
F un ded d eb t, 2 -3 s ........1 9 9 1 , J A J
C hesap eake G a s 6 s . . . . 1 900, J A D
C o n so l. G a s, 6 s ----- — ------1 9 1 0 , J A D
5 s .......................
1 939. J A J
:::::
o n lt a b is G a s . 6 s .........1 9 1 3 . A A O
10 3 %

120‘s

66%

102% 103
67%

68*4

58

104% 104%
112

100

TH E

450

CHROJN1CLE.

NEW TOBK STOCK. E X C H A N GE P R IC E S ( C o u t i . i a e i l ) - A g : r / r g B O N D I SEPT
I

Railroad

and
Miscellasbocs Bonds.

I Tnt ,t

d oting Range (sales) in 1896

Met I---- ------------- —-----

Period i5epe.ll.

Lowest. I Highest

R ailroad and
Miscellaneous B onds.

[ V o l . L X 1 II,

H A N D F O R Y E A R 1896.
Closing
Int’st Price Range (sales) in 1896.
Period Sept. 11.
Lowest.
Highest.

80%
75% Aug. 87 Feb.
50%
44 Aug. 63% Feh.
80%
78 July 97 Jam
3d, 7s................................ 1906 M & N 101 b. 99 Sept. 112 Jam
Pao. of Mo.—1st, ex., 4g.l938 F & A 100 a. 100 Aug. 104% June
100 Aug. 106 Apr.
2d ext. 5s......................1938 J & J
95 Aug. 102% Jan.
St. L.<£Ir.Mt. 1st ext., 58.1897 F & A 98
B ^ 5 * 7T h ^ . U l . o o n i . 5 , : i : H & p j 113%I>. lO O ^ A u g . .117% M ay
51
&
N
97
b.
97% Ang. 103% Apr.
2d,
7g............................1897
80 a. | 71 Sept. 1102 Jan.
Brooklyn Kiev. let, 6 g ....1924 A A U 72
J & D 100 a. 99 M July 102% May
Cairo
Ark.
&
Texas,
7g.l897
|
70
Sept.
IlOOta
Jan.
Union Elevated.—6g---- 1937 M « N.
A
&
O
68
b.
68 July 81% Mar
Gen.
R’y
<feland
gr.,5g.
1931
BMtlynWhrfAW.U-l«t,5s.g. 4ft 1 A A 94 b.| 90 Aug. 1101 May
...1927 J & D 114 a. 113 Aug. 120% May
Canada Southern.—let, 5s, 1908 J A J 100% 1105 Aug. 110% June Mobile<fcOhio—New6g
M
&
8
‘
60
%a
56 Aug. 68% Feb.
General mortgage, 4s 1938
ofl
................191oj*»
® 100 a. 98 Sept. ,107 Feb.
125 Sept. 132 June
103%b,|103% Aug. 110% Mar. Nash. Ch. &8t.L.—1st, 7s..1913 J & J, 127
A
&
O
92
b.
93
July 102 Feb
Consol.,
5g.......................
1928
........... 115% Feb. ICO A p r .1
113%b. n o Aug 120 June N. Y. Central—Debtext.4s. 1905 ,M & N 103% 100% Jam 103% Apr
J
&
J
112
Aug. 120% Mar
115
b.
1st, coupon, 7s................ I 903 . , . „
102%a jl02 July 106 Feb.
Deben.,5s,coup., 1884.. 1904 51 A 8 102 %b. 102% Aug. 109 Feb.
mortgage5s.l912M & A 3S bd 90 Apr. 1 92% Mar.
MAN
111%
5Iay
111% June
N.
Y.
A
Harlem,
7s,
reg..l900
Am nook
1921 |J A J| 110 b.!108 Aug. 114%Mar.
R.W. A Ogd., consols, 5S.1922 A & O 117% 115 July 119M Feb.
ClmteJlSi'ido —8oSC 6ail898 J A .1
99 b. 99% Jan. 104 May
J
A
J
102
%
100
Aug.
107MJune
West Shore, guar., 4s__ 2361
S K . A O M o -B e r .T e it 1908 A A Oi 112 b. I l l Aug. 119 July
99% Aug. 105 Feb
N. Y. Chlo. A St. L.—4 g . .. 1937 A A O 102 %
M o r U - av JK..
e « g l...:i9 1 1 A A
Ol A l l116
b. 114%
118
XUUriMtk'-i
C. V
, IflA
Tu Apr.
r
1 1134 June
ATIT*
N. Y. Lack. AW .—1st, 6 s..1921 J A J 125 b. 120 Aug. 133% June
1 s t eon soL , 5 g ................... 1®j*9 jM & N 10438 100 July 111% Apr.
F A A 113%a. 112M Mar. 115 June
Construction,
5s..............1923
Aug.
78
M
Feb.
68
65
UvUvlni
'| t t j
G e n e r a l 4■tju
^ ,, *a. .. ............
90 Aug. 97%Juue N.Y.L.E.AW.—1st,com,7g. 1920 M A S 130 b. 131 Aug. 140 Feb.
93%
R.A A .D Iv.,leteon.,4g 1989 j A
Long Doolc, consol., 6 g.1935 A A O 130 b. 131% Apr. 131% Apr.
••
2d eon. 4g..l989|J A J 80 b. 75 Aug. 88 J nne
127% Aug. 137 Feb.
Elii.Loi.ABtg.8»n.,5g.l902jM A 8 97 b. 95 Aug. 102% Feb. N.Y N. H. A H.—Con. deb. ctfs. A A O 127
N.Y.
Out. & W .-R ef. 4s, g.1992 M
. A, ,,8 82%b. 82 Julv 93% Feb.
120
June
113
110%
Aug.
Clile. Burl.'* Q.—Con.’ 7s A903 J A J
106
102 July 110 Feb.
Consol.. 1st, 5s, g........ .'.1939 J & D
85 July 101% Apr.
Debenture.5e.................4613]M A N, 97%
& J 94%b. 90 July 100 Jam
Convertible 5«................19C3 M A s 95 b. 93 Aug. 104M Feb. N.Y.Sus.AW.lstref.,5s, g.1937 J
A
A
O
114
Mb.
Midland of N. J., 6s, g...l9 1 0
1 09 % S ept. 118 Mar.
Jenver Division 4s........1922 F A A 88lib 87% Aug. 95% June
67 Feb.
60 Jan.
91% Feb. Norf. A W.—100-year, 5s,g. 1990 J A J
Nebraska Extension, 48.1927 M A N 84%t 80 Aug.
J
A
J
114
b
109% Aug. 118 Mar.
Han. A S t.Jos—Confl.Gs.1911 M A bi 110Mb. 109%sept. 118M Jan. No. Pacific—1st, coup. 6g.l921
113 a. 109 Aug. 114% June
Do. J. P. M. A Co. certfs.......
Chic. &E. IU.^slst.s. 1.6s.l907|J A D 114 a. 110 Aug. 117% May
A O *+105% b. 100 Jan. tll5 % J’ne
General, 2d, ooup., 6 g.,1933
Consul. 6g................... . . 1934jA A Oi 12o a.|118 Aug. 127 June
General consol., 1st 5s.. 1937iM A A 96%
96% Sept. 102% Apr.
General, 3d, coup., 6 g ..l9 3 7 J A D 66 b. 159 July 82% Mam
J
A
D t 15
31% Jan. 151% Apr
Consol, mortgage, 5 g ...l9 8 9
Chicago A E r le .-l8t . 5g- l 982 M & N, 104%b. 101% Aug. 112 Feb.
Col. trustgold notes, 6s.1898 51 A N 86%b. 76% Jan. 94 Apr.
Chlo. GasL. AC.—1st,5g.. 1937 J A J 8b b. 82 Sept. 93% Feb.
A
A
O
t 39%b 135% Aug. 148% Apr.
Ohio. & N. Pao., 1st, 5 g.,1940
Chle.Mil.A8t. P.-Con.7s.l905 J A J 123 b. 119 Aug. 132% June
Seat. L. 8. AE., lst.,gu.6.1931 F A A 45 a. 136 Mar. 144% Feb.
1st, Southwest Dlv., 6s..1909 J A
J 109Mb.
106118
Aug. May
M
A
S
t 34 a 126 Jan. t39% Apr.
1st, So. Minn. Dlv., 6s..1910; J A J! U0%b,
110118%
Aug. June No. Pao. &5Iont.—6g....... 1938
lat,Ch.APac.W.Div.5s..l921|J A J 110 b. 108 Aug. 115% June No. Pacific Ter. Co—6g__ 1938 J A J 100%b. 99% Aug. 109% June
J
A
J
101 b. 100 Aug. 104% May
Cblc.&Mo.Blv.Div.,5s..l926 J & J 105 a 102% Aug. 111 June Ohio A Miss.—Con.s.f., 7s.1898
70% July 94% Feb.
103 Aug. 112M Mar. Ohio Southern—1st, 6 g ...l9 2 1 J A D 83
Wise. A Minr.,Div ,5 g...l9 21 lJ & J 109
MAN
17 b. 25 J an. 35 Feb.
General mortgage, 4 g.,1921
Terminal, 5g.................1914 :J A J 106%b. 105 Aug. 114 June
93%a. 91% Aug. 98 June Oregon Impr. Co.—1st 6 g.. 1910 J A D 72 b. 75 July 91% Jam
Gen. M .,4 k., series A---- 1989 J A J
Consol., 5 g ......................1939 A A O t 9 b. t 7 July 36 Jam
MIL A Mor.—1st,con. ,6s 1913 J A D 118
115% Jan. 119 May
Chlo. AN. W .-Consol.,78.1915 Q -F 132Mb. 129%
_ Aug.
V 141 Jan. Ore.R.ANav. Co.—1st, 6g.l909 J A J 106%b. 104 Aug. 112% June
t90 Jan. t98 Feb.
Consol., 5 g . . . . ............... 1925 J A D
Coupon, gold, 7 s ....___ 1902’J A Dj 117 115 Aug. 120 51ay
Mur. Penn. Co.--4%g, coup...... 1921 J A J 108 b. 105% Aug. 113% June
116Aug.
81nklng lund, 6b............ 1929 A A O 109%b.
106%
105 b. 103% Aug. 112M Feb.
P.C.C.&St.L.,con. gui%.1942
Blnkingfund. 5s........ . . . 1929IA A O 106%b. 1104%
nA Aug. 111 51ar.
Sinking fund, debem. 5s.1933’M A N| 106% 104% Sept. 111% Apr. Peo. Deo. A Evansv.—6 g.1920 J A J 98 %b. 98% July 102 Mar.
Evans. Division, 6 g .......1920 M A S
101 Mar. 101 Mar.
25-year debenture, 5s.. 1909 M AN 104 b. 103 Jam 107 Apr.
26 Mar. 31 Feb.
2d mortage, 5 g............... 1926 51 A N
98 Sept. 102% Apr.
Extension, 4s................ 1926,F A A “98
“
Chic.B.I.APac.—6s,coup.l917; J A J 121 1 119% Aug. 130 June Phila. <SRead.—Gen.,4 g . . 1958 J A J t 74% 167 Aug. 180% June
t 33%
lstp f.in o., 5 g, 3dinst. pd.’58
94% Aug. 106 Jane
18M Jan. 136% Jam
Extension and col., 5s.. 1934 J A J; 99%
5% Jan. 122% Jam
2dpf.ino., 5 g., 3d lust. pd.’58
t 19%
30-year debenture, 5s...1921 51 A Si 87%b. 87% Sept. 97% Feb.
3% Jan. i 20M June
3dpf.me,, 5 g., 3dinst. pd.’58
t 17
117 July 129 May
Chic. St. P. M. A 0 .-6 9 ...1 9 3 0 J A D r /3
64 Aug. 77 Jan.
Chie.&W.Tnd.—Gcn.,g.,6s.l932 Q -M 115 a. 113 Sept. 118% Feb. Pittsburg A Western—4 g.1917 J A
63 Aug. 77% Feb.
69M
Cleveland A Canton.—5s. .1917 J A J t 70 h. 170 Aug. 90 Jan. Rio Gr. Western—1st 4 g..l939 J A
137 Aug. 151 Jam
Clev. Lor. A Wheel.—5s...1933 A A O ICO b. 102 Aug. 107M Mar. St. Jo. & Gr. Island—6 g. .1925 MAN
GC. C.A I.-C onsol.7g ...1914 J A Di 130 a. 119 Jan. 134% May St. L. ASah Fr.—6g, Cl. B.1906 MAN 109%b. 111% Jan. 117% Apr.
General ccnsol., 6g........1934 J A J> 118 b. 124 Sept. 127 5Iay
6 g., Class C..................... 1906 MAN 109% 108 Aug. 118 Apm
O.C.C*8t.L.—Peo.AK.,4s l940 A & O
60 Ang. 80 J an.
General mortgage, 6 g..l9 3 1 J A J '102 b. 101% Jan. 114 June
Income, 48......................1990 ApilL , 10 b 10 Aug. 23 J an.
Cons. guar. 4s, g............. 1990 A A O '122%b. 23 May 38 Mar
CoL Coal A lion—6g........ 1900 F A Aj 92 b. 94% Jan. 100 Jan. St. L. A So. W.—1st, 4s, g.1989 MAN • 70 a. 60% Aug. 76 Feb.
Col. A 9th Ave. « n. 5s, g..l993|M A 8 110^ 109 Aug. 115% July
2d, 4s, g., income.......... .1989 J A J ■ 25 b. 23% Aug. 32 Feb.
CoLH.Yal.&Toi.—Ccn.,5g.l931 M A b 85 a. 80 Aug. 90 Feb. St.P.51. A M .-D ak.Ex.,6 g . 1910 MAN 112 b. 113% Aug. 121M Mar.
80%
------J A D
80 Jan. 90 AWi,
General, 6 g ...................1904
1st consol., 6 g ................ 1933 J A J ■119 -b. 117 Jan. 124% June
Denv.A BioG r.- 1st,7s,g.1900 51 A N 113 a. 110% Jan. 114 Ai«/|
“
reducedto4% g.. J A J
100 Aug. 106 June
l6t consol., 4 g-----......1 9 3 6 J A J[ 87
Montana extension, 4 g.1937 J A D 88
84% June 90MSept.
83 Jam 92 May
Dul. So. 8b. A Ath—5 g ... 1937 J A J 93 b. 92% July 98M June San.Ant.A A. P.—lst.4g.,gn.’43 J A J 51
45 Aug. 59 Feb.
Edison El. 111.—lst,eon.g.5s.’95 J A J 99 b. 97% Jan. 105M June So. Car. A Ga.—1st, 5 g .. .1919 M A N ' 96
93 Jan. 97 Apr.
Erie—4, g, prior bonds__ 1996 J & J
86%
93 Aug. 97 Feb.
83 Aug. 95% Feb. So. Paoiflo, Ariz.—6 g... 1909-10 J A J 93
General, 3-4, g.............1996 J A J
59%a.. 54% Aug. 67 Apr. So.Pacific,Cal.—6 g ... 1905-12 A A O 110
107 Apr. 112 July
Ft. W. AUenv.City.—6g.,1921;J A D 49 1). t46% Aug. 1 70% Feb.
1st consoh, gold, 5 g...... 1937 A A O 86
86% Sept. 92% Apr.
Gal.II.ASnn.An-51.AP.D.lat,5g M A N 90 b. 90 July 93 Jan. So. Pacifio, N. M.—6 g .......1911 J A J 102 % 101% Jan. 106 Feb.
Gen. Electric,deb. 5 s,g... 1922 J A D 827sh. 82 Sept. 93% Feb. Southern—1st cons, g, 5s.1994 J A J 84%
76 Aug. 94% June
Hous. A T. Cent. gen.4s,g.1921 A A O 68 a. 68 Apr. 71 Apr.
E. Tenn. reorg. lien 4-5s. 1938 M A 8
90 Mar. 93 M Deb.
Illinois Central.—4s,g......1953151 A N
99 Jan. 102 Feb.
J
A
J
E. T. V. AG.—1st,7 g ....l9 0 0
108 a. 106% Aug. 111% June
Western Lines,1st, 4s, g.1951 F A A 103 a. 97 Aug. 103% July
Con. 5 g .........................1956 M A N 102 Mb. 100 July 109% Apr
iDt.AGreutNor.—lsLbs.g.l&lo'M A N
114 July 118% Apr.
J
A
J
Georgia Pac. Ist5-6s, g.,1922
104 b. 103 Sept, 114 Jam
2d, 4-5s........................... 1909)51 A S 60 i>. 66% Aug. 77% Feb.
Knoxv. A Ohio 1st 6s,g.. 1925 J A J
113 Feb. 116 May
Iowa CentTol.—1st,5 g .... 1938 J A D 92
87 Ang. 98 May
J
A
J
Rich. ADanv. oon. 6s,g..l915
115%b. 110% AUg. 121MJune
Kings Co. Elev.—lst.ag. 1925 J A J 30 b. 57% July 71 Jan.
West.No.Carlstcon.6s,gl914 J A J 100 b. 103 Sept. 114 Apm
88 b. 85 Aug. 96 Jan. Tenn. 0 . 1. A Ry—Ten. D. 1st, 6g A & O ’ 76 b. 72 Sept. 93 Feb.
Laclede Gas.—1st, 5 e ,g ...19191 Q—F
Lake Erie A West.—5g__ 1937‘J A J 114
110 Aug. 117% June
Birmingham Dlv., 6 g.,.1917 J A J 80
80 July 95 Feb
L.8hore.—Con,cp.,lst,7s.l900lJ A J 109
108 Aug. 115 Jan. Texas A Pacific—1st, 5 g . . 2000 J A D 80
73 Aug. 91 Apr.
Consol, coup., 2d, 7s...... 1903 J A D 114 b. 113% Sept. 120% Mar.
2d, income, 5 g ............... 2000 March
16%
13% Aug. 24% Feb.,
Lex. Av. A Pav. F.gm 5s,g.l993 M A S m %
109 Aug. 115M July Toledo & Ohio Cent.—5 g . . 1935 J A J
105 Aug. 109M June
Long Island.-1st con.,5g.l931 Q—J 123 a. 117% Jan. 120 Feb. ToL St. L. A Kan. 0.—6 g . . .1916 J A D 64 b. 162% Aug. 177 Feb.
General m ortgage,4g...1938 J A D 90
90 Ang. 98 Jan. Union Pacifio—6 g ..............1898 J A J 100 b. 99% Sept. 107 May
Louis. A N'ash.-Cons. 7s..1898 A A O 104 b. 104% Sept. 108% Mar.
Ext. sinking fund, 8....... 1899 M A S 75 b. 73 Sept. 97% Feh.
N.O. AMeblle, 1st, 6 g ...1930 J A J 113 a. 113% Aug. 119 Feb.
Collateral trust, 4%....... 1918 M A N
148 May 154% Feb.
“
“
2d,6g. 1930 J A J 90 b. 96 Aug. 102M May
Gold 6s, col. trust notes.1894 F A A 94 a. 91% May 98 Jam
General, 6g.................... 1930 J A D
110 Sept. 117% Apr.
Kan. Pao.-Den.Div., 6 g. 1899 M A N
106 Jam 111% July
Unilled,4g......................1940 J A J 72
68% Aug. 80% Feb.
1st consol., 6 g............. 1919 M A N t o i b. t56% Aug. 177% Feh.
Lonls.N. A. AOb.—1st,68.1910,J A J 95 b. 110% July 114 June
Oregon Short Line—0 g.1922 F A A 109
1100 Jan. 115 Apr
Consol.,6g......................1916 A A O 80 a. 74 Aug. 103 Feb.
Or.8.L.AUt’hN.-Con.,5gl919 A A O 60
148 July t70 Feb.
Manhattan consol. 4s...... 1990 A A O 89
88 Aug. 99% Mar.
U.P.Den.AGulf,con.,5 g.1939 J A D 30
26 July 40% Apr.
Metro. Elevated.-1st, 6g.l9081J A J 117
111% Aug. 120M June U. S. Cord.—1st col., 6 g ... 1924 J A J 18 %a. 114 Aug. 136% Feh.
2d,6»...............................1899 M A N 103 b. 101 Aug. 108 Apr. Virginia Mid.—Gen.M., 58.1936 M A N
91 b. 87% Sept. 105 Apr
Mich. Cent.—I bi,cons., 7s.1902|M A N 113 b. 111 —
Aug.
99 Aug. 109 Apr.
0. jH9 Jan. Wabash—1st, 5 g ............... 1939 MAN 103
Consol., 5s..................... 19021M A N
103 July 108M Feb.
2dmortgage, 8 g............. 1939 F A A 67%
64% Aug. 77% Feb.
Mll.LakeSh. A W.—Ist,6g.l921 M A N 125
122 Ang. |132%Apr. WestN. Y. A Pa.—1st, 5 g.l9 3 7 J A J 101M 100 Aug. 108% May
Extern A Imp., 5g. .....1 9 2 9 F A A 109
104 Ang. 115% May
Gen. 2-3-4s, gold............ 1943 A A O 39 b. 33 Aug. I 49% Feh.
MlnmASLL.—lstcon.os,g.l934 M A N
97
96 Aug. |103M Apr. West.Un.Tel.-Col.tr. 5s.. 1938 J A
102 a. 101 Aug. 108% June
Mo. K. A E.—1st 5s, g., gu,.1942'A A O 87
81 Aug. | 94 Feb. Wlso. Cent. Co. 1st 5 g .......1937) J A
30 b. 125 Aug. It46 Feb!
B-Nora, “ b indicates price bid; “ a” price asked; the range Is made up from aotual sales only. * Latest prloe this week, t Trust receipts.
' ___ __

on deb ,8 k 1900’ q - F
K
5 -J

105 1) [102% A u g.!i l l ’s Jan.
6731
63 Aug. I ™ F«hS i's Feb.
51% Feb.
127 Feb.
50 Apr

51. K. * Texas.—1st, 4s, g.1900 J * D
2d, 4s, g ............................ 1990 iF A A
Mo. Pao.—1st, con., 6g....... 19 2 0 M f N

■/-•J2SSI?£

__________ NEW YORK STOCK EXCHANGE P B I C E S -{Continued).— I N A C T I V E BONDS—S E P T E M B E R I I .•
SECURITIES.
Railroad Bonds.
( Stock Exchange Prices.)
Alabama Mid.—lst.g.. guar..19281
Atcb. Topeka A San Fran.—
fcChlcago A st. Lou.—1st, 6s. 1915
CoL Mid. 1st, g., 6s............. 1936’

Atl. A Pac.—2d W. D.. gu. 6s.1907
Western Division income..1910
B alt. A ’
1st. Os. p«rk B .1919!

Bid. Ask.

90

SECURITIES.

Bid.

Ask.

SECURITIES.

Balt. A Ohio—5s, gold............ 1925
97 Brunswick & W’n—1st, g., 4s.1938
Cons, mort., gold, 5s........... 1988 100%
Buff. Rooh. & Pitts.—Gen. 5s..1937
Roch. & P., 1st, 6 s ...,........ 1921
'y } *■ * P itts.-lst, g„ 58-1990
B. A O. 8. W., 1st, g.,4% s...l990
100
Roeh. A Pitts.—Cona.lst,68.1922
Monon. River, 1st, g„ g. 5s. .1919
Buff. & Susqueh.—1st, 5s, g.,1913
Fem’1Ohio R eor.-lst, 4%s.l930j
Ak.&Ch. Juno.—lBt.g, 5s, gu. 1930,
Consol. & oollat. trust, 5s.. 1934
Brooklyn Elevated-2d,5s.. .1915
44
Seaside A B.B.-lst,g,5s,gu.l942|
Hr kiyn Rap. Tran.—Gold. 58.1945) 74 I 76 |
1st, 5 s ............................... 1921

Bid.

Ask.

‘ 73% 74
93
119
*
119
103” 104*4
100
*90

THR

S eptember 12, 1896,]

CHROISLCLE.

451

VStt f Ifiii 'ii’ tiCK. EX.CttA.NttE P& lCEH .-IN dO TIVE BONDS—f Continued)—SEPTEVBES I I .
SECURITIES.

Bid. : Ask.

SECURITIES.

Bid.

Ash.

SECURITIES.

Bid.

Aak.

O.Ohlo—O ol.A .C ln.M .lsM V a.1939 .................... Ivans, A Indian.—le t, eon s..1926
Cant. RR. * Bank. -C o l. g.5a. 1937 90
....... Flint * P. M arcraetteOant. ot K. J.—C ouv.deb., Gs.1908 •.........,112
M o rt..6?........‘ ........................ 1920 110
<3sat Pacific—S old con la, 8.1.1897 9 8 V ..........
1st, .-on. gold, 5a................... 1939
90
.......
Pt. Huron D ir.—1st, 3 a ___ 193S
Gold noncla, 6 a .....................1S98 99
80
8an Joaquin Br., 6a..............1900 98 .......... fla . Ceo A Pen.—1st g. 5s__ 1918
Mort. gold 5 s ........................1939 ......... .........
1st con.
5 s .........................1943
Land grant, 5*. g ...................1900; ........; ......... j! *t. Worth 1 R. G.—1st g., 5 s ..1928
50
49
■Ext. g. 5a, series A B C D - .1898 *........ 100‘s (H i. Hat. A San Ant.—lat, 6s. 1910:
Oat. X D. Dlv., e x t., g. 5 s .-.1918; .........; ....... 2.1 inor:.. 7.-..................................1905;
ioo*
W est Pacific—Bonds, 6 s— 1 8 9 9 ;'......... 102*j Ga. Car, A N er. —lat.gtt. 5a,g.l92!)
Wo. Railway < C a L )-l» t,68.1907
-------- -Ind.—Geti.
* ’*
------,,Grand Rap. A
5- *s *..1924
. .
91
50-year 5 « ........ ........ .........1933
:! H otuaton ie-C ons. gold 5 a . ..1 937 120 123
m m . & O .-P a r . M. fund, 6 s .1898 100
.......
N. H aven A Derby, Coh9.5 s..1918 ....... .
—
Craig Valley—1st, tr., 5s— 1940, .................... aons. A T . C.—Waco A N.78..1903 125
Warm Spr. Val., 1st, g. 5 s ..1941 ....................
l s t g .,5 3 <lnt gtdi................1937 ........
O ies. O.ASo.W eat.—1st 6a, g.1911 ........ .........
Con*, g. 6s ilat. g td )............ 1912 ........
Sd, 6 »............ ................. . .,1911 .........: ........
Debent- 6», prtn. A in*, gtd.1897 ‘ 85
Oh. V.-G en-con.lst.,ga.g,5a.l938
.......
Debent. 4s, prim A tut. gtd.1897 *80
C hicago * Alton—8. ¥ ., 6a___1903 114
....... Qtlaols Central—1st, g., 4 s... 1951 *.........110
C o ils . A Mo. R iver—1st,7s. 1900:
1st. gold, 3 4 8 ....... ................ 1951
2d, 7 b
1900 ........... ........
Gold is .
1952
S t L. Jacks. A CMc.—2d. 7s. 1398
2-10 g.,4a
1901
Mim .R. fiR .U -,.-U t.s. f.. 6 s .u a : ..................
Cairo Bridge—4a...................1950
C h io Burl. A Nor.— H t, 5 s .— 1926 '100 1102
Spring!, Dlv.—Coup., 6 s ....1 8 9 8
D soeatareS s..........................1896! ------- , ......... ‘ Middle
ir.—Reg.,*5a..........
1921
-----Middle D
Dtv.1
*
CUR. Burling. A Q.—5s, s. I . .1901 100‘s ........
C. it. 1. s.V . O .-T e n .!., 7 a .1897
-•
l e v a D lv .-S ln k . fund, 5 s ..1919 104
.... :
1st, oonsoi,, 7 »....................1897
Sinking fon d, 4s............
1919 9 3 V .......
Gold, 5s, e o a p o a ............... 1951 113>s 115
Meinp. Dlv., l e t g. 4*....... 1951
F-atn. 4*.......... . . . . . . . . . . . . . 1 9 2 1 ; ....... ............
93
Chicago A Iowa Dtv.- 5 , ..1 9 0 5 * ......... 102
C el, Falls A Minn.—1st, 7s.. 1907
Onic. A Indiana Coal—1st *,*.1936 95
9s
*Ind, D. A Spr.—1st 7e, 1906, trust
CM, «U . * 8 t .P .- l a W s ,P .D .1 8 9 8 i 1 0 2 4 105
,
re e ls., o r bonds . . . . . . . . . . ____
2 V 7 3.10s, P. D ...................1899! 121
Sad, Deo. A ft'.—1st, g „ 5 s ..., 1935 *....... 100
1 it, 7s, 8
K. D ...................1902 122
a n d . Ills. A Iowa.—1st, g, 4 s,.1939 .......
l i t , I. A S I .,7 s .....................1397 120
I S L e x t , g . 5s. .....................1943 ........
1 1 1 . 1 D „ 7 s ......................1399) 2 j
tn t A U. S ’ a.—3d, 4s. g .......1921
....
I I I A * M ., 7s ....................1 9 0 3 122
;S lng»C o.-P .E l.,l»t,5,g;,ga.A .L 929 . . . . .
1 4 , 1 . 4 b . Extension, 7 s .,.1 903 121
, Lake Erie A vv.-et.-2d g „ 5*. 1941 .......
A l ( Z a c . A D a v .,S s ......... 1919 102>*
North’ ll Ohio—1st, gu. g .5 a 1945 ___
1 It, B .A D .,7 * .................. .1910, 115
U 8 .A M .8 e t .- B AE.—N ew 7 s.'88 105
2 ,-t H A !>.. 5 . .................... 1910
D o t M. A T,—1st, 7 b............1906
Chicago A Pacific D :v .,6 ,.. '9 1 0 tisT 115 : Lake S h o re -D lv . bonds, 7a. 1399 106
I •—
Mineral Point D Iv .S s.......... 1910
' KaL AIL A G . It —1st gu,5«.1938
a A L. Sup. Dlv., 5*............. 1921
Mahon’ g Coal RR.—1st, 5a. 1934
Fargo A S oa tA , 6S, A mu . . . .1924: 110
-----;■; Lea IghV.. N, V.—1st gtt.g.4 Vs. 1940
99M
•oc. con v . sink. f u n d ,5 » ___ 1916
-----■ Lehigh V .r e r in .-ls t g a .S s .g .U I ll 107
Dakota A G t Sooth., 5 » . . . .191*3
> 'y, w
u - i u 9os,gu.g.
> g i i . i ;1933
.im
—
Lehigh V
Coal—1st
MB, A Nor, m ain Hne—6 * ., .1810! 113 ; ....... -.Lite hr. C ar.* W est—U t 6 » .it . 1916
V M n A N o r * .—30 .y»*rdeb .S «,’ 92i: 104 !.........' U ttte Book A M. -11st,
s t . ;>«,
6a, gg.,1 9 3 7
Esoanaba A U tf. L t . (is....1 9 0 1 ....... ,
Ig>ng Island—
Oe«M . A Minn.—1st. 7 s___1907 ........
1st. 7 b ...................................... 1898 103
fow a Midland—1st, « s ........ 1900: . . . . .
Ferry. 1st,
(M s................ 1982
89*'
Ohio. A Milwaukee—1st, 7s. 1393 .......
Geld 4a....................................1932
Win. A Bt P . - 2 d . 7 s .............1907 . . . .
K. Y. A R' way B. - la t .g . 5 s .1927
99
41L A M ad.-1 s t. Ga............ 1905 ........ .
2d tuortg., in o ................... ,1927
35
423
Ott. C. F. A St. P— 1st, 5 s. 1909 .......
W. V. AM;in.Bi’ iieli.— 1st, 7s, 1897 100‘s 101V
northern III,—1st, 5 s ..........1910
___
X. Y. 8. A M. B,—1st oon. 5s, g. 1936
Mil. U 8-A W .-C 0fi.d,:>.,5«. 1907 -102
BranM’nAMonUttk—1st,6s. 1011
Mich. Dlv,, 1st, 6s........ ...1 9 2 4 ........
1st, 5 s ....... ...........
1911
Ashland Division—1st, 6s 19251 . . . . .
' So. Shore Br.—le t oon.5s,g. 1932
Oh. R. L A P —D .M .A F .D .let4S .I205’ . . . . .
LOGla.bvallS.ASt. U —Con.5». 1939
1st, 2V>................................2905 .......
Louis. ANasli.—C ecil Br. 7 s ..1907
IOC*'
Extension, A*....................1 905 ____
1 E. S . A Sash. —l*t 6s, g ---- 1919 h o
Keokuk A Dee M.- 1ao*,oe..48**f
s t , 5 s ..2923
.......
......... ' X
IBlUUs OS...ssei»<»V
Pensacoia Wll
Division,
6 »....... .1920

C ilc.st. P. A Minn.—1st,6s...1918 ...................

St Louis Division, 1st, 6s...1921

8 t Paul * 8 . 0 .- I S I , 6 * ...„ 1 9 1 * 125
.......
2d. 3s........................... .....1 9 8 0
O 'M . A W . la d .— 1 st, s. f., Os. 1919 ........... .
trashy. A Decatur—1st, 7a.. 1900 106 ”
General mortgage. B«.......... 1932- ........j u s i! 8 . 1.,6s.—« . A H. A la ............. 1 9 1 0
Chic. A West. MUoh. • ' . * ....... 192! .........I ........ '! 50 I ear 5s, g ......................... 1 9 3 7 *85”
Ola Haas, m 0 ,—O o n .s .L , 7e. 1905 -------! ........Pens. A A t,- 1st, 6 # ,g o ld ... 1921
2d, gold, 4 V i , . ......................1237;*
— 1103 : Collat. trust, 5a, g ................1931 *85”
a n . U .A tr'u - l a t .i A s*,<.i'J41 1 0 4 % ........
H AN . A M .A M .-l»M .,4 > *a l9 4 5
d e v . A t A C oL —t n A 2d 6S.1930 . . . . . . ........
N aah.F Inr.A S.-lst. gu., 5a. 1937
O.C.C. A St. U —Gen.. K. 4 s ..1933!
Kentucky Central— Is, K...19S7 *83”
Cairo division. t « .......... ..... 1939
r S o " J Lou. AJafl. BdgeOo,—Gu.g, is . 1045
Bt.Loa.lHv.—lsteoL t«'t4 *,g.i930
. . . 90 ! iLOO.N. Alb. ACh. —Gen. m ^.5e. 1940
spring.AC 0L D lV ,-ls t ^ .4 s . 1940 . . . . . .
Memphis A C hart—6s, g old .. 1924
whiteW. Vs.-D iv.—lsl.g. A*. t'J lo ........ . . . . . Mrt .eaii C en t Consol.—-is, g.1911
O n. Wab.AM.Dtv.—■
l sl,g.4s,199 11 . . . . . . .........i| 1st, cons. Income 3 s, g____ ..1 9 3 9
On, I. St. L. A IX —U t,g.,4s.l93t; ....... . ....... . M- x. International—let, 4 » jt.i0 4 2
Oonaol, 6s ..............
......1 9 2 0 : . . . . . . ........ Mexican Rational-1 s t , g., it,. 1927
Ota.8an.AC7. -O m .la t.g .5 * , 192« 104M ....... ;■! 24, Incom e, 6*, “ A ” ............1917
Indiana 8. A W.—tat p f.7 s .l9 0 O !____: ....... '
2d, teooiti,-, 6s, “ B *•...........1917
Ohio ln d .A W .-le tp re f.5 a ..1 9 3 6 ! . . . . . . ....... IMii’hlgan Central—6a..............1909
- C, Col. Ora. A ind.—le t, 7s.at.1890; ........ . . . . . . i Coupon, 5*............................ 1931
Consol, sink, fnud, 7 o.......... 1914; ......... ........ !l M ortgage4a...... ....................1940 ___
0ta.A 8pr.—Drt,C.C.O.AL7». 1901 > ........ . . . . . : Blit* .AStrgis. Is^ 3s,g.gu .l889 ___
O lev a Lorain A Wh.—l i t , 6 s .193,1 100 101V Minn.A St. L —1st, g. 7 « ........1927 130
•O'leve A Man. V.—Gold. 5 s ... 1933
. . . . . . . . II Iow a Extension. 1 s t ,7a...... 1909 117
D ei. Lack. A W.—M on, 7*___ 1907 ------- ; .........
Southwest E x t —1st, 7a....... 1910 1 1 *
S y ra Bing. A S, Y .—1st, 7s. 1906 .................... :! Pacific E xt.—1st, 6 s ...........1921 '
Morris A E ssex—las, 7 s___1914 138hat........ !'.M o.K .A T ex,—1st, ext., 8a, g . 1914 ■ay's
Bond*, 7 s ______ ____ .....1 0 0 0
110 ! Mo. K .A 'l.of X ex.lst,gu.5s.g, 19*2 . . . . .
T« o f 1871 .......................... 1901
Kansas City A P., la t, i s , g .. 1990 60
1 s t,oon., gaar.,*7s... . . . . . 1916 13S
Dal. A Waco—1 st,8 a ,g u .... 1940
Warren -24, 7 s ................ ...1 9 0 0
Missouri Pindllc—Trust 5a..,1 9 1 7
ILAlI.Can.—P a O ty.,oonp.7al917
1st coll., 5s, $ ........
1920 *40 ’
138
Albany A Susq -ls !,g n .,7 s .l9 0 6
St 1..A1. M. Ai k.Br.,1st,7#. 1895 •95
1st, 00ns., guar., > 6......... ia o «
Mobile A Ohio—1st ext., 6n,..1927 106
Bens. A S ar. 1 st,c o u p .,7a,192l
S t L. A Cairo - 4 s , guar....... 1931
Denv, Tram way—Cons. 6», c. 1:110
Morgan's La. A T,—le t, 6 s ....1 920 . . . . . .
MetropoL K y .-ls t.g u . g . & . i o u
1st, 7a........................................1918
D.111V. A R.
Im p., g., 5 a ...1928
79
Sash. Chat. A St. L .—2d, 6 a ..1901
Dst-M. A \1. I.. g. 3%s,«er.A.1911 *16
10 's S. O. A. So. R. -P t. 1„ g., 6 s..1915
Det. A M ack.- 1 s t hen, 4 a ,g ..l9 9 5
94
S. Y, Central.—Deb. g. 4U ....1905 i o o
is , gold ............................. ...1 9 9 5
» . J. Jane—Guar, let, 4 s ... 1986
9 0 ‘s
Dalatfl A Iron Range—1st 5s. 1937 ' 9 9 " 103
Beech Oreek—lat, gold, 4a. .1936
Erie—1st, extended, 7s.......... 1897 103<s
■ Osw. A Borne—2d, os, g.,guu 1915
2d, extended, 5 s . ,..,........ . . . 1 9 1 9 HO
U tica A Bi- 8 iv .—4s, g., gu.1922 i o o "
3d, extended, I V .................. 192 3 104
S . Y. A P u t—lat, g,, 4s. gn,1993 *99
4th, extended, 5 s .................. 1920 112
N. Y . » . H. A H.—1 st,reg. 4s.lU03
5th, extended 4s................... 193 3
N. Y. A Northern—la t ,g , 8a.. 1927
!
1st, oon., g.. r d , 7 s ...............1920
S . Y. 8u*q. A W est—2d, 4M «. 1937 65
« JB. Y. * E. —1st, 7 s .......... 1916
Gen. m ort., 5a, j .....................
65
B * . A S . W , - M o n * . 8 a . , „ t 9 0 § ......
Wllk.A E ast—let,gtd.,g,58.1942
J e fle ra o n -irt, gu. g. 5s ....1 9 0 9 102
Sortbern Pae.—
Coal A R & ~ 6 e ...........,....,1 9 2 2 -----100 106
James River Val.—l e t da... 1936
Dock * IrapL.lst 6s,ottr’cy.1918 100
Spokane A Pal.—lat, 6a.......1936
Evans. A Terre Haute 8 1 Patti A N. P.—Gen., 6 s ..1923 116
1st, cons., 6s....... ..........
192 1
106
H elen a* Red M’ n—let.g., 6a. 1937
let, genera,, g.. 5 s ................ 1 9 4 2
90
DuluthAManHoba—l9t,g.e«1936
1*5. Vernon le t 6s . . . . . . . . . . 1 9 2 3
DuLAMan I>ak.DtV.—Istthi. 1037
SoL CO, Br. 1st,
5s........... 1930
Veor 4*4lone—1«*d«. ^..u) 1oto

* No price Fri.l *y; the«« are the i

ietaicma

11 aIs

Northern Paciflo—
C. d’Alene—Gen. la t,g ., 6S..1938
Cent. Washington—la t,g.,68.1938
N orfolk A South'n—1st, 5s,g.l9 4 1
106
N orfolk A W e s t General, 6 s ............................. 1931
New R iver 1st 6s................. 1932
Im p. A E xt., 6s...................... 1934
Adjustment M., 7 e ................ 192 4
Md. A Wash. Dlv.—Ist,g .5s.l9 41
Soioto V « . A N. E.—1st,4s,.1989 75
82
Ohio A Miss,—
Consol. 7a..............................1898 ..... 1011*
2d oonsoi. 7 a . . . . ...................1911 103ie.......
Spring.Div.—1st 7s............... 1905
General 5s............................... 1932
Ohio R iver R R .—1st, 5s.......... 1936
Gen, g .,5 s ............................... 1937
Omaha x S t Louis.—1 s t 4s. .1937
35
Oregon A Callfor.—1st, os, g.1927
Oreg. B y& N av,—C ol.tr. g..5s.l919
Paan-P.C.C.ASt.L.Cu.g.4ViA1940 105
Do
do
SerieB B ......... 105
P.C ,A 8.L .-lst,0.,78................1900
Pitta. Pt. W. A C-—1st, 7 s ...1912
2d, 7 8 ...................................1912
3d, 7 a ....................................1912
Ol|,8tL,*P.—1st, eon. Sk,g... 1932
Olev. A P.—C ons.,8. td., 7 b . 1900 * 1 1 3 1 * .........
Gen. i ’as, g., “ A .....................
8 :. L .V .A T . H.—1 st,6 s .,7 s _____ 101 102
2d, 78.....................................1898
103
2d. guar., 78.........................1898
G d.R .A !. B x t —lst,4>ss.(}.g,1941
Peoria A Pek. Union—1st, 6 s .1921 107
2d m ortg., 4 V ....................... 1921
69
Pitts. Clave. A T o t —1 « , 6*... 19 2 2
Pitta. A L. Br.—2d g. 5s, “ A ” . 1928
P1U8. Mo. K. A Y.—1st 68___ 1932
Pitts. Paiuav, A P . - l s t . 5 b. . . 1016
Pit's. Shell. A L. E. —l8t,g.,5a.1940
ls te o u a o t 5a..........................1943
Pitts. A W est—M. 5 ., g .1891-1041
;Pitts.Y’gst'n&A.—1st, 5s,con,1927
Bio Grande So.—1st, g., 5s. ..1940
65
8t. Joa. A Gr la.—2d ino.........1925
Kan. C. A Omaha—lat, 5 s .. 1927
»t. L. A. A T. U .-r o r iu . 5 s ..1911
105
Beltev. A 80 . 111.—let, 8 s. .1 8 9 6
Bellev. A Car.—1st, 6s......... 1923
0 h l.8tL .A P ad .—la tg d ,g .5 8 l9 1 7
91 100
8 t Louis 80 . —1st, g it g* 4*. 1931
do
2d incom e ,5a. 1931
Oar, A S h a w t—la t g . 4s-----191
It. L. A 8. F. —2d 6 » ,g „ 01. A . 191
1091*......
General 5 s................
1931
90 ( ..........
: 1st, trust, gold 5 b............... 1087
. Kan. City A 8 lat, 6s, g . . . 1916
Ft. 8. A V. B. Bg. - l a t , 6 s .. . 1910 100V—-~
Kansas Midland— lat, 4«, g.1937
8r. Paul City t t y ,o o n .5 a ,g ... 1937
Gold 5s, g u a r ................ .....1 9 3 7
I t Paul A Duluth—1st, 5a___ 1931
2d mortgage 5 ».......................1917
Bt. Paul Mlmi A M .- l s t , 7a,. 1909 106
2d m o rt, 6 s..............................1909 • 1 1 7
.....
Mm neap. Union—lat G s.... 1022
Mont. Cen.—lo t, guar., 6 a ..1937 l l T
!
la t guar, g, 5n......................1937 102
05 j East. Minu.. la tiliv . Ia t5 «.1 9 0 8 103
W‘ I| a r A S io u x F .-ls t , g ,5 e .l9 3 l
:8 m Fran. A N. P.—lat, g., 5s. 1919
rav.Fl.AftVst. - 1st, con. g.6a. 14.11 ‘ 111 117
jBouiuera—Ala. C en t, 1st 6 « .1918
.I I . . . 1; AM. A Char.-1 s t , p ra t, 7». .1897
Incom e, 6 s .........................1900
50**1 I Colutu. A Green.—1st, 5 -6 s.l9 1 6 100
E. r e m . V. A G a.—Di via.5s 1930 109*3
1 Rich. A D.«l.—Kq. a. t, g. as. 1900
Deben. 5a, sta m p ed .........1927
...
! Vir'a Mid.—Serial
r.A. 6«. 1006
Series B, 6 a ............. ......... I *1 n
Series 0 , 6 s . _____
lin e
Hones D, 4 -5 s ........
1921
SeriM P, 5 » . . . ...................1 9 3 1
Wash. O, AW.—1st our.gu. 48.1921
Ter, Aa’ n o ! St. L .-ls t,4 % S .1 0 8 9 100
: lat, eon. g. 5 « ...............1844-1944 LOO
! 81. L. Her. Br. Term. ,g.Sa, gu.. 1930
! Texas A N ew O rleans—
! la*,7a....................................... 1905
Sanlne Division, la t, 6s....... 1912
.
ConsulL 5«, $ ....................
1943
92
69 >* ox. A Pae,, E. D ,—Lat, g. 0«,1905 100
Third Avenue (N.Yi.—I8 t5 s, 1937 118
71
T.AO.C. —Kan. A M „ M ort 4a. 1990
80
80
Tol.P.A W.—la t 4s,iuo.Pd.cou.J illy
oT
...... Ulster A Del.—l a t ,oon.,6.,5a. 1928
....... Union Paoitto—1st, 6 b.............. 1896 101
lat, 68............
1897 101
113 is
1st, 6 « ..........
1899 101 *3 ......
Collateral Trust, 6 ».............. 1903 . . . . .. I . .......
Collateral Trust, 5a.......... ..1 907
Kansas Paoitto—1st 6», g. ..1895 *102
la t, 6 b, g .......... ................ .1896 *102
0 , Br. U P —F. 0., 7a......... .1895
AMh. Col. A Pao.—1 s t 6 s ...1905 *
......
m
m- 29**
Atoh. J. Co, A W.—1st, 6 b. . . 1905
U. P. Lin. A Ool.—lBt,g.,5a. 1918 *22 " 2" ”
. . . . ..
Utah A North.—lat, 7s........ 1908 103
Gold. 5a................................ 1926
Utah Southern—Gen., 7a ..1 909 *59 Is 61
Exten., 1st, 7a................... 1909 *55
...
TIff Valley R'y Co. o f O.—Con. 6a. 1921
Wabash—:Debenture, 8er. A.,1939
69
Debenture, Series B ............ 1939
20»a
86
Dot. A O blc, Ext. 1st. 5a, g -1 9 4 0
98
Pit L.K.C.AN.—8t.C. Bdgo6s.l909 . . . . . .
40 "
West N.Y.& P ».,ge».g. 2-3-4a 1943 *39
75
lnoom o 5a..............................1 0 4 3
Weak Va. a A P itte .-Ia t, 6a. 1911
Wheel.A L.E.—let. 5a, g o ld ... 1926
74
Extension A Imp, g.. 5a------1990
Win r»g»y*A IwrlrtWl«> %.*•
« *

tins srettK. F.»r Ml seel la m uds a u il (I ul Is to 1 J a il l , —dee Jd page prooedlng.

[VOL. LXIX1.

THE CHRONICLE.

1>2

Latest Gross Earnings.

I n v e s tm e n t
AND

R

oads,

WeefcorMol

1896.

1895.

Jan. 1 to Latest Date.
1896.

1895.

24,310
3,306
3,735
26,371
e n l f (feO hloaK e- August___
28,327
25,207
4,750';
4,647
Hoos.Tun. & Wli.1J uly..........
Hous.dsTex.Cen. Ju n e........ 184,680 212,026 1,309,762 1,587,766
60,700
45,402
8,900
6,384
Hnmest’n&SlieD Ju n e........
Illinois Central. lAugust__ 1,678,326 1,640.067 13,067,232 12,377,711
299,461
12,286
297,331
11,709
Ind.
Deo.&Weat.
itbTwkAug
R A IL R O A D
E A R N IN G S .
56.066
Iud. 111. & Iowa. July..........
54.316
49,514 1,975,551 2 .012,111
71,892
The following table shows the gross earnings of United In.&Gt.North'n IstwkSept
43.000 1.463,616 1,508,802
44,300
tlnteroo.
(Mex.)
WkAug.22
■Hates railroads (and also a few Mexican and Canadian roads) low a Central.. .. 18t wkSept
36,886
37,194 1,195,397 1,034,885
((,r the latest period reported. The statement includes every Iron Railway... August__
31,237
32,729
3,804
3,197
192,559
265,953
21,272
22,329
8TEA.it road from which regular weekly or monthly returns Jaok. T. & K. W. July..........
303,046
285,924
10.340
12,336
Kanawha&Mlch
4th
wkAug
can be obtained. The first two columns of figures give the
K.O.F.Soott &M 4th wkAug 104,503 134.481 2,832,215 2,848,798
irross earnings for the latest week or month, and the last two K.C. Mem.& Blr. ith wkAug
704,418
632.617
26,045
26,361
columns the earnings for the calendar year from January l to Kan. C. N. W .... August.
152,032
172,983
26,218
22,826
2,866
3,343
411
418
Kan.O.ABeat.
August....
and ncluding such latest week or month.
...
339,141
26,564
460,811
19,576
K.
C.
Pitts.
&
G
..
4th
wkAug
The returns of the street railways are not included m this Kan.C. Sub. Belt ith wkAug
183,252
227,379
10.359
13,534
table, but are brought together separately on a subsequent page
251,075
215,408
7.418
Keokuk & West. 3d wk Aug
9,907
38,156
6.327
51,103
3.875
L. Erie All.&So. August... .
Jan. 1 to Latest Date.
Latest Gross Eamtngs
64.859
62,805 2,312.496 2,339,809
L. Erie & West.. i st wkSept
263,627
32.336
291,319
34.974
B O AD S
Lehigh & Hud.. August.
1895.
1896.
1895.
Week or Mo 1896.
107,164
19.655
Lex’gton&East. Juno ...
97,268
19.26U
513,423 522,238 2,715.669 2,784,503
Long Island.......August.
9
53,215
8,148
Los.
Ang,
Term.
July_
_
98,546
14,168
110,962 Louls.Ev.^St.L. IstwkSept
107.880
17,152
17.851
A d lro n d a o s....... July
34.471 1,009,476
931,177
33.756
962,003 Louisv.&Nas'nv.
914.880
4 0 ,9 4 1
48,355
Ala.Gt.8oum.. - itb ’wkAug
12,499,219
12,944,640
589,860
4th
wkAug
572,980
193,183 Louis. N.A.&Ch. 4th wkAu;,
254,460
45.665
37,531
Ala. M id la n d ... M a y .............
77,537
98,907 1,997,042 2,027,057
A la. N. O. T e x . * Pao. June.
310,458
18,050
Lou.Hen.&St.L. 4th wkAug
271,087
12,847
812,418 Macon
815,255
90,041 107,85
N. O r l.* N .K August---40,549
31,981
5,105
3,850
<fe Blrm.. July__
309,316
332,665
44,794
42,969
A l a . * Vtoksb A u g u st....
93,480
13,842
15,074
96,134
Manistique........August.
316,840 Memphis&Ohas 3d wk Aug
334,772
41,859
41,069
V l o k s .s a .* ! ’ . August---747,949
20.921
20,990
670,129
1,393,682
1,355,903
222,502
204,848
A llegh en y V a l.. J u ly
6,722,357
167,143
201.961
tMexioanOent..
IstwkSept
6,274,730
740,344
774,323
22.595
21,919
A nn A r b o r ......... Ut wkSept
272,249 213.062 I, 519,096 1,292,651
Inter’l. June
42,157 Mexican
42,543
6.744
5,823
A r t . M id la n d ... J u n e ..........
59,213 3,301,432 2,912,751
84.316
National. IstwkSept
2,069,406 15,742,776 15,522,183 tMex.
Aten. T . A B .F e July.. 2,152,541
347,679
Mex.Northern.. May..........
60,949
269,096
61.970
718,299
6.-<6,341
114,825
A tlanta A Char. June......... 102,069
1,998,178 2,181,934
58,060
58,810
IMexioanR’way
WkAug.22
214,431 Mexican So.......3d wk Aug
241,017
30.906
34,745
A t la n t a 4 W . F . Juno.........!
334,905
8,355
309,965
9,928
352,197
348,134
9,412
11,520
A lla n . A D a n v .. 4th wkAugi
46,992 I, 287,025 1,227,847
60.860
IstwkSept
58,358 2,242,139 2,201,450 Mmneap.&St.L.
A tla n tic A Pao. 2d wk Aug I 52,176
St.P.<feS.8t.M. Jth wkAug
98.970 2,271,957 I ,
94,509
571,084
25,839 M.
38,0*0
3,577
AugUBtaSout'u. July......... I
•1,597
Kan. & Tex. IstwkSept 247,617 192,167 7,235,434 7,044,121
115,247 Mo.
120,517
22.084
24,039
Austin A N’ weat Jun e........
14.352.000 14,482,891
402.000
Mo.Pao.&lronM
IstwkSept
428,00U
262,679
261,969
61,700
65,700
Balt-CbeB.A A ti. July.........
488.00U
12,000
16,00*
Central Br’ oh. ist wkSept
369,043
B.AO.EaatLlnee J a n u a r y ... 1,385.877 1,229,219 1,385,877 1,229,219
Total......... IstwkSept 418.000 440.000 14.840.000 14,851,934
469,216
443,068
W estern Line* J a n u a r y ...
443.068 469,216
167,530
5,688
Mobile
&
Blrm..
3d
wk
Aug
163,825
5.166
T o ta l.........
July......... 2,089,470 1.940.804
<fe Ohio.. August___ 275,337 250,312 2,270,022 2,094,558
B a l.A O .S o u ’ w
1st wkSept 118,522 130,«98 4,100,975 4,208,395 Mobile
Mont.(feMex.
Gif.
July..........
665,808
92,178
91,379
723,388
BangorJtArooat. J u n e |
339,277
361,438 Nash.Ch.de St. L. July____ _
54,547
50,980
2,857,563 2,611,698
12,348
13,016 Nevada Central. J u n e........ 418,668 375,565
B a th A H am ’ ndt? July.........|
2,258
1,957
13,724
14,996
2,381
2,687
13,965
2,505
12,238 Nev.C’yNar.Gge April........
Blr. A A tla n t ic .. August__ I
2,038
27,910
29,366
8,075
7,985
B rooklyn E le v .. S e e S x k e e i T R a i i . w KY LIST.
N.
Jersey
&N.Y.
Maroh.......
71,303
73,497
239,775
203,248
Brunsw'KAW esi May..........
52,748
39,651
27,957,728
28,355,318
4,081,744
N.
Y.
C.
&
H.
R
..
August___
3,815.919
2,210,649
2,045,264
B nfl.R ooh.& Piti 1st wkSept
62,413
62,931
61,060 2,588,047 2,470,360
69,371
210,189 N. Y. Ont. <&W.. tst wkSept
Buffalo A S u s q .. July.........M |4 1 .5 7 2
272,078
36,211
198,787 192,477 1,230,732 1,268,069
B a r .C .R a p .& N . itli wkAug 1 2 6 .8 9 6 147,015 2,776,616 2,427,437 N.Y.Susq.&W.. July
7,586,485 6,151,907
Norfolk
&
West.
IstwkSept
181.626
235,145
7 2 ,1 1 8
C a m d e n A A t i .. April
204,855
194,089
66.526
25,184
21,661
3,270
3,314
Canadian P a d hi let wkSept 4 1 9 ,0 0 0
397,000 13,243,227 11,172,140 Northern (Ga.). May
3,448.792 3,542,196
505,766
North’n
Central
July
493,163
O ar.M idland— August.
4 ,8 4 3
3-1,597
4,664
28.393
10,373,841
I
I
,
144,569
North’n
Paoilio.
4th
wkAug
686,865
599,544
Cent, o f Georgia May.
3 1 6 ,6 3 7
342,618 2,065,228 1,837,203
13,882
19,613
2,680
2,846
Central o f N .J .. J u l y ............ 11,199,356 1,127,831 6,941,949 7,049,303 Oconee & West July
521.793
635,316
26,466
21,138
Central P a cltio.. J u n e .......... 1 ,0 5 1 ,7 6 5 1,099,976 5,620,962 5,869,694 Ohio River.........4th wkAug
116,313
115.748
16,854
13,528
Char. Cl. A But.. J u l v ............
4 ,5 4 1
32,559
5,333 ,
25,406 Ohio Riv.A Cha* August..
468,341
484 498
69,499
55,143
Charleet’ nA dav. M a y .............
5 0 ,8 8 5
273,913
51,822
245.075 Ohio Southern. August___
273.817 274,875 1,587,242 1,570,994
Ohes. A O h io___ I s t w k S e p t
1 9 3 ,3 1 1
192,233 6,908,010 6.432,878 Oregon Imp. Co. Ju n e.......
292,245 316,002 2,282,414 2,607,103
Ches.O .& So.W .. J u n e ..........
1 6 5 ,6 3 4
190,516 1,103,981 1,098,600 Pacific Mail— July........
Chic. b u r. A Q .d J u l y ............ 2 ,7 5 3 .3 5 1 2,651,76* 18,345,468 17,^20,650 Pennsylvania.§ July........ 5,258,595 5 415,395 35,564,070 34,974,170
605,016
573,897
PeoriaDeo.&Ev
tst
wkSept
17,388
17,591
Ohio. A E ast. Ill 1st w k S e p t
7 6 ,4 0 0
77,000 2,549,957 2,465,429
316.114
345,347
51,818
43,083
Ohio. Gt. West n 4 th w k A u g 1 4 8 ,9 3 1
137,830 3,043,203 2,414,688 Petersburg........ July.......
364,778 382,561 2.282,651 2,233,300
Ohio.Mil.<fcSt.P. I s t w k S e p t 7 >1,9 14 675,023 20,396,610 18,167,526 Phila. & Erie... July.......
268,032
II,
618,721
1,720,603 1,814,150 I I ,
O lilo.A N ’ thw ’ n. J u l y ............ 2 ,8 5 5 ,2 3 3 2,643.542 18,348.401 15,704,697 Phila.&Read’g. July.......
Coal&Ir.Oo... July....... 2,028,205 1,905,605 12,404,199 12,342,233
Chio. A No. Pao. J u l y ............
7 2 ,5 5 7
62,219
472,728
439,237
TotalbotbCos July.......... 3,748,808 3,719,755 23,672.231 23.960,954
Chlo.Peo.ASt.L, i t h w k A u g
2 0 ,3 6 6
602,346
589,631
19.881
388,592
421,381
71,185
60,790
Ohio.B’ k I .A P .. A u g u s t — 1 ,4 0 7 ,9 5 1 1,155,700 9,847,302 9,404,333 Ph. Read. & N. E. July
0 h lc.8 t.P .M .A u J u l v ............ 5 9 8 ,3 7 7 538,110 4.085,311 3,431,762 Pitts.C.C.&St.L July.......... 1,229,640 1,315,574 8,501,280 8,287.645
27,476
27.888
Pitts.Lisb.&W’n
August.
Chic. A W. Mien 4th w k A u g
3,631
3.735
5 8 ,1 7 9
56,567 1,041.021 1,100.536
398,990
434,903
24,744
Cin.Ga. A Ports. A u g u s t ___
20,094
5 ,6 0 2
6,504
40,050
42,295 Pltt.Snen.&L.E. 4th wkAug
1,109,840
1,118,725
Cln Jack. A Mac. 4th w k A u g
Pittsb.
&
West-4th
wkAug
51,629
48,266
2 1 ,4 2 1
464,628
21,049
399,496
575,646
515.104
O ln.N .O . A T .P . A u g u s t .. . | 2 6 4 ,8 7 2 320,391 2,193,999 2,324,755
Pitts. Cl. & Tol. 4th wkAug
27,843
17,603
264,796
Cln. P orts. A V . A u g u s t ___
223,349
11,821
Pitts. Pa. & F. 4th wkAug
8,661
2 2 ,8 9 8
175,772
27,890
171,334
Glev.C an. A 8 o .. 4th w k A u g
Total system.. 4th wkAug
91,293 1,928,269 1,967,832
74.530
2 2 ,3 5 6
455,519
21,869
436,532
OuCTn.Ch.ABt.1 4th w k A u g . 4 0 4 ,3 2 7
894,036
844.054
Pitt.
Young.&A.
July........
.
154.160
196.237
397,625 8,509,196 9,048,637
P eo. A East'n J u l y ............ i 1 3 6 .4 0 2
163,496
195,596
24,503
24,787
162,990 1,006,570 1,101,993 Quincy O.&K.G. August...
C l.L o r.A W heel. 3 d w k A u g
441,602
442,50.
Rioh.Fr’ksb.&P
July........
65,847
55,825
2 3 ,9 7 7
870,434
34,978
839,079
Ool. Midi a n a .... J u l y ............
196,845
210,023
1 3 7 ,9 0 3
31,801
31,634
142,479 1,085,537
928,614 Rioh. <fePetersb. July........
O oL H . V .A T o i J u l y ............
300,991
14,270
262,125
2 0 6 ,2 7 6
15,045
240,814 1,429,964 1,296,738 Rio Gr. South n 4th wkAug
Ool. Hand’ v A H 4th w k A u g
1 9 ,3 3 5
41,600 1,571,807 1,520,872
39,800
523,845
33,687
536,772 Rio Gr.West’ n. IstwkSept
C olusa A Lake . A u g u s t ___ I
3 ,0 0 0
Sag.Tuscola&H
July
64,196
62,114
9,529
10,802
3,000
10,691
12,577
Crystal............... J u l y ............ j
1 ,2 1 2
3,945
3,725
811
7,926
3,895 St.L.Ken’et&So. July
C um bT il Valley J u l y ............
St.
L.&
San
Fran.
July
7 2 .5 1 8
500,189 473,348 3,418,843 3,235,891
463,116
75.893
446,267
D c d v . A R io Or I s t w k S e p t 1 4 0 ,1 0 0 149,200 4,841,655 4,627,890 St. L. Southw’rn. ith wkAug 120,200 133,400 2,828,090 3,038,352
D«v* M. A Kan. O 3 d w k A u g
2 .1 7 7
901,604
St.Paul&DuTtb August___ 139,45 6 154,518
896,529
2,091
69,232
53,140
D cs M. N. A W. A u g u s t ___ I 3 5 ,1 4 0
935,874' 1,017,064
37,722
284,740
218,145 San Ant. <s A.P. July.......... 120,786 132,933
D eLLana’ ^AN o 1th w k A u g !
4 4 ,3 5 6
533,463
S.Fran.&N.Pao. August__
87,151
76,576
35,909
491,975!
749,604
755,514
Get* A M ackinac M a y .............
4 3 .8 5 3
219,795
49,334
142,638 Sav.Fia. & West. May.......... 288,133 270,813 1,441,976 1,385,987
D n lu U i» .8 .A A tt. 4th w k A u g 1 5 2 ,2 4 8
37,959 1,389,371 I,
Stier.8hrev. & So 4tli wkAug
8,342
155,694
198,435
6,340
175,782
B l^ln^jol.AE asl A u g u s t . . . . ; 1 1 4 ,1 5 4
87,146
79,319
17,731
24,504
868,872
96,215
708,399 Sil. Sps. O. & G. May..........
E rie..................... J u l y ............[2 ,6 3 5 ,5 3 3 2,622,702 17,134,180 16,388,048 Silverton........... August___
11,000
8,000
E ureka B orings June
5,520
5,363
So.Haven&East August___
12,210
2,879
4,181
30.014
16,807
30.157
B rana^i JLnd’ pU* 4th w k A u g
9,056
192,627
10,38*
193,947 So. Paoilio Co.E vans, a R ich. 4th wkAugl
4,325
3,842
Gal.Har.&S.A J u n e........ 337,421 320,321 2,382,955 2,189,504
76,294
72,824
B ra n s r. A T. H 4th w kA u g
33,406
Louis’a West.. J u n e........
55,354
702,354
434,230
542,551
73,010
689.760
F U o h b u r K ..,....[j\ i]v ......... I 621.3 7 672,494 4,143,165 4,017,49 L
Morgan’sL&T. J u n o........ 312,598 363,823 2,300,312 2,809,043
F lin t A P.M arq Itirw kA ug!
67,606
71,100 1,745,351 1,616,138
111,800
N.Y.T.&Mex, J u n e........
14,487
95,517
15,289
F laX 'ent. A P en. i t h w k A u g
39,135
38,432 1,357,720 1,307,113
803,849
Tex. AN. Orl.. Ju n e........
633,023
92,278 120,826
Ft. W’ thA U en.C ■ .nun
i
64,622
67,739
f9,385,331
Atl.Prop’tes
b.
July..........
430,078
/
8
,
542,456
/1085897
/1114127
504,628
Ft. W. a R io Or An
----- 1
19,258
21,1961 189,453
17.630,385
Paoilio
system
July..........
2,703,402
17,489,468
2,903,i
65
218.393
G a d s . A A lt . U A u g u st,
847
868
7,209
Total of all.c July.......... 3,817,529 3,988.962 26,031,924 27.015,716
5,620
G eorgia H R .... jit h w k A u g I
39,688
31,8261
897,883
So. Pao. of Cal J u n e........ 731,270 803,084 4,807,788 4,773,654
753,937
G eorgia A A l a . . 4th w k A u g
25,818
11,005
497,053
So.Pao.of
Arlz J u n o........
160,710 154,594 1,168,143 1,126,244
296,591
B a. Q aida A No J u ly ......... ;
62,353! 43,581
454,975
588,822
528.299
So.Pao.ofN.M. J u n e........
77,652
87.152
368,996
B e o . Ho. A Fla • A u g u s t — | 74,079|
66,782
579,885
Northern
Ry..
June
848.189
959,916
155,088
172,501
528,811
B r. Rap. A ln<\ Ith w k A u g
58,010
65,952) 1,319,564 1,368,266 Southern R y ... ith wkAug 487,230 539,782 11,622,345 11,452,822
Cln. R. A Ft. W 4tli w k A u g
10,085!
13,771
274,507
Spok.
F’ls&Nor.
July..........
141,232
291.829
27,785
40,800
228,600
Traverse City j41h w k A u g
1,264!
1,6411
32,718
30,297 Staten Isl. R. T. May..........
370,500
88,852
97,230
380,270
M n a .O .B . A I j i t h w k A u g
3,258|
3,862
83,712
80,761
12,065
StouyCl.&CMt..
Ju
n
o........
4,514
4,156
11,459
T o t. all line* Iith wit Augj
70.817
85,220;
---------, 1,710,502 1,771,252 Summit Branch. July..........
73.152
678,799
85,716
555,531
B rand T r u n k ... i ith wkAnir 518,330 602,212| 11.607,700 I I ,
Lyk.
Val.
Coal
July.
51,332
68,521
356,631
392,259
5*8,518
Ohio. A G r .T r 4th wkA.ug
76,019! 89,000 2,078,289 1,799,236
Tot’lboth Co’e July.
141,673 137,048 1,064,049 1,071,058
L G et O r.H .A M 4th w kA ug
30.690
37,713
604,491
15,952
644,327 Texas Central.. May.
17,990
93,312
98,528
O n .8 atf.A M a c 14 th w k A u g
3,221,
4,048
Texas & Paoilio. IstwkSept 119,240 102,813 3,822.485 4,069,374
T ol. 8. A Musk. I Ith w k A u g
3,202,
2,959!
3,009
Tex.S.Val&N.W
May..........
2,564
12,620
17,508
B rea t N orth’ n 41,397 1,195,786 1,167,406
33,9-0
BVP. M. A M August.... 1,368,369 1,186,069 9,003,347 7,607,246 Tol. &Ohio Cent. IstwkSept
Tol.
P,
&
West..
ith
wkAug
26,494
20,196
627,653
626.250
E a a to f Minn. August....; 174,741; 133,450 1,092,216
794,993 Tol.St.L.&K.O. IstwkSept
44,912
38,530 1,410,637 1,191,636
M on ta n a C en t August! II! 167,187!
lieiGOO!
--------P__ 1,285,423
981.585 Ulster <fe Del ... u n e ........
168,665
171.468
-------------------------- 11,385.986 9,3831824 Un.P.Den.&G...
Tot.system.'August
1,710,297 1,436,209
July.......... 235,074 262,711 1,697,356 1,685,858

it a it r o a d

I n te llig e n c e .

S eptember 12, 1896.]

THE

Jan. X to Latest Date.

Latex! dross E arnings
R oads

V/eekor Me

1896.

CHRONICLE,

1895.

1896.

%
Union Pacino—
On. Pao. R R -- J u n e ......... ,128.094 1,188,052 6,161.070
Or.B.L.AU.JT J u n e ......... 498,308 512.833 2,558,632
233,206
16.651
39,906
8t.Jos.JcGd.l8. J u ly ..........
KatLC.&Oui June — ..
6,963;
45.787
17,300,
442,284
18,400
Tot.St, J, AG.I. 4th wkAug
402,000
31,000
17,000
Cent B r.........o Ith w k ju ly
18,785
t f h * i ^ < d u n e .........
145.643
25.217,
57,443;
339,323
40,056
Cen.Br.AL'dL. J u n e .........
018(1 total.*t J u n e .... .. 1 848,181 1,856,415 10.023.2U.
235,074 262,711 1,697..-‘56
V P a o .D .A G ... J u ly ..........
IV*basil........... IstwkSept 251.817 262,S53 8,190,364,
104,-196
13.0061
11,092
W aco A Northw J u n e .........
124.394 117,167
413.804
W «*t Jeraey.......A p ril..........
88,058
97,655
472,374
VV'.V.Cen.A Pitts May...........
30,483
3 4 ,'0 6
119,862;
W ait V a .* Pitt*. A p ril.........
39,710
38,384
257,246
Western o f Ala.. J u n e .........
96,100 110.000 1,952,993
W m t.nl.Y. A Pa tthwkA.ug
25,70*
927,291
22.498
Wheel. A L. Erls U t wk.Sepi
97,7x2Wisconsin Cent 1st. wk~.*pt
o v i a i 2,955,734
5.045,
5 IT1
Wrtt-btsv.&Tec J u n e .........
44,769!
5.560
5.310
York Southern. Ju ly ..........

Northern Paolflc..............

$
6,414,013
2,320,104
2 72 056
31,859
419,485
304,239
127,380
265,240
9,863.632
1,685,858
8,283,7 o7
101,420
390,561
403,327
101.741
233.501
2,131,711
867.175
2,967,18)
38,263

• fu tu res given do not include Oregon Ry. A S a v „ Un, Pao. D e n v e r *
GnU, Denver LeadviUe A Gunnison, Montana U nion and Leaven worth
Topeka A Southwestern, a These figures include results o o eased lines.
0 Included earnings from ferries, etc., not given separately. ! M exi­
can oorrenoy. c includes only half o f lines m w hich un ion Paollic has
a half in terest
d Includes operations o f the Ohio. Burlington A N •rthern in b o t h
years.
| Cover* results for line* d irectly operated east o f Pittsburg.
e Include* result* on affiliated lines.
/ Covers besides the Atlantic System the Houston A T ex « Coutrsl,
Austin A tforthwe.tern, Central Texas A Northwestera aad Ft Worth
A S ew Orleans.

L atest <*1038 E a ra lu git by W eek s.—T h e latest w e e k ly ea rn ­
ing* m the fo r e g o in g are sep arately su m m ed u p as fo llo w s :
For the first w eek o f S eptem ber ou r prelim inary statem ent
c o v e r s 28 roads, and s h o w 9 6 -111 per cen t gain in the a ggrega te
o v er the sam e w eek last year.
lx l week o f September.
Ann A rbor...........
Bait. A Ohio Southwest
Buffalo B ook A Pltteb'g.
Canadian Pacific..........
Chesapeake A O hio.........
Chicago A East. Illinois
Chicago M ils. A St. Paul.
Denver A Rio G ran de,...
Intern'! A Gt. N o rth 'd . . .
Iow a Central....................
Lake Erie A Western.......
Loulsv. Evansv. a St. L.
M exican Central..............
Mexican National............
Minneapolis A St. Louis.
Mo. Kansas A T *xa*.......
Mn. Pacific A tr i M t ...
Central Branch, . . . . . .
l e w York Got- A W est's
Norfolk A W estern..........
Peoria Deo. A K v an sv ...
Rio Grande Western.......
Texas A Pacino
___. . .
T oledo A Ohio C entral..
T ol. 8t. L. A Kan, C ity .,
Wabash.................... .—
Wheeling A Lake E rie ...
WDconsia C e n t r a l.......
Total ;28 roads)______
Net increaae (6*34 p. a ).

1896.

*

21,919
118,522
62.931;
419.000
191,311
7 6,400:
711,914;
140,100
71 H-31
36.868
61.959
83,750
201.901
84,316
60,980
247.817
*03,000
18,000
69,371
235.145
17,591
39,800!
119,240
33.990
14.912
251.817
22,498
97,782
3,896,380

1885.
6
22,595
130,89 s
62.413
397.000
192.233
77.000
675,023
149,200
49,514
37,194!
62.895:
34,471
167,143
59.213
46,992
192.167
428.001
12.000
61,000,
181.626
17,38 8 1
41,000!
102,813
41,397
30.530
282,858
25,708
95,121
3,663,962

Increase.

Decrease
5
078
12,176

518
2 2 ,0 0 0

1,078

800

36.891

'o', l66

22,378

*“ 808

" 2 .0 5 4

715

34,316
25,103

13,808

55,450

W .o o o

" aooo
8,311
53,519
203

*T ,a o 6

*1M Z7

" 7 . 4*17

3,382

'lT .o i i
3 ,2 10

*2,601
305,661
232.413

73,243

For the fou rth w eek o f A u g u s t ou r Anal statem ent covers

n roads, and sh ow s 6 "24 p *r ce n t loss in th e ag g reg a te.
415 w eek o f A u gnst.

1890,

4 (A week o f .1 ugust.

1895.

Pitts, shen. A L. Brie___
Pittsburg A Western.......
Rio Grande W estern.......
8t. Joseph A Gd. Island.
Sherman Shrere. & S o ...
Southern R a ilw a y ..........
Texas <fc Faoiflo.
Toiedo Peoria A West'n..
West. N. Y . A Penusylv.
Wheeling A Lake B r ie ...
Total (77 roads)............
Set decrease (6'24 p. o.).

453
1896.

1895.

$
599,544
21,138
20,094
74,530
84.000
17,300
6,340
487.230
165,884
20,196
98,100
33,916

3*
686,865
26,486
21,744
91,293
81.400
18,100
8,342
539,782
165,335
26,494
110,000
43,493

9,697,009 10,313,227

Increase.
9

2,600
.....
549

Decrease,
#.
87.321
5,328
4,650
16,763
1,100
2,002
52,552
6,298
11,900
9,577

292.708

933,926
646.218

Set Earnings Monthly to Latest Oates,—The table follow­
ing shOwa the net earnings of Steam railroads reported this
week, A fu ll detailed statement, including all roads from
which monthly returns can be obtained is given once a month
in these columns, and the latest statement o f this kind will
be found in the C h r o n i c l e of August 23, 1890. The next
will appear in the issue of September 19, 1998.
Roads.

-B ross tearm ngs.1896.
1895.
$
9
............
124.079
126,807
798,582
826,038
316.184
292.S57
2,42 s,868 2,031,890

Atlantic A Pacitto.,. Ju ly
AlabauiaGt South.a.July
Jau. 1 to July 3 1 ---B nrL C eA R . A N o.a. .J a b '
Jan, 1 to July 3 1 . . . .
Canada A tla n t ic Apt. 1 to June 3 0 . . . .
163,031
Jan. 1 to June 3 0 ___
298,513
Char. Oton. A Button. July
4,541
Jail. 1 to July 3 1 ___
32,559
Chic. A East Illinois. July
309,231
72,557
Chicago A Nor. Pac, July
Jaa, 1 to July 3
472,728
Chic. A West M ich. .Ju ly
143,976
Jan. l to July 8 1 .--.
876,891
Ola. Jack. A M ack.b. July
60,052
Jan. 1 to July 3 1 ----400,040
Dcl L ain. A N o r .a . .July
106,022
Jau. 1 to July 3 1 ___
630,181
Ed. EL 111. Co., Bklyn.Aug.
00,052
Jan. 1 to Aug. 3 1 ___
523,082
KdisoaELH.Co.8LL .July
Jan. l to July 3 1 ___
Flint A P ereM arq.a July
204.721
Jan. 1 to July 3 1 ___ 1,542,149
18,455
F t Worth A B io Gr. June
153,585
Jan. 1 to June 3 0 .,..
Illinois Central a .J u i y 1,649,594
Jan. 1 to July 3 1 ....1 1 ,3 8 8 ,9 0 6
Msxlean N a tion a l....!u iy
421.015
Jau. 1 to Ju ly 3 1 .... 2,820,401
N, Y. Oat. A W e st... .July
396,322
Jan. 1 to July 3 1 .... 2,128,430
Philadelphia A Erich July
364,779
Jan. 1 to July 3 1 .... 2.282,651
Pittsburg A Western. July
285,586
Jan. 1 to July 3 1 .... 1,694,245
Pitt*. Youngs. A A. July
154,100
Jan. 1 to July 3 1 ___
844,154
Somerset—
Jan. 1 to June 3 0 . . . .
39,551
foludoA O hio Cent b .J u ly 167,430
Jan. 1 to July 31 . . . 1,040,142
Uu. F.D. A G u lf.b ___July
235,074
Jan. 1 to July 31 . . . 1,097,3.50
W «st.N.Y.A Penn. b. .July
275,979
Jan. 1 to July 3 1 . . . . 1,641,493

■Net Earnings.1896.
1895.
$
it
54,784
10,658
10 10*2
31,668
156,800
206.505
75,059
63,867
582,302
723,068

,

136,259
209,071
5,333
25,406
312,576
62,219
439.237
149,123
936,928
55.061
334,4 77
98,709
646,629
51,328
353,1*9

54,512
39,245
80,855
75,549
2,273
3,548
15,581
14,812
130,243
127,596
51,732
16,059
326,775
298,866
29,968
20,845
131,040
133,570
10.497
10.490
46,787
35,614
12.952
23,300
82,210
125.219
23,059
16,948
228,333
143,503
20,334
27,375
188,332
182,242
49,010
55,084
211,452
374,611
347,920
1,424,807
5,119
7,787
26,938
37,800
46,442
177.230
32 6,31 6
-103,705
1,508,656
10,737,044 2,974,072 3,324,610
*193,177 *161,296
354.082
2,507,909
*1,248,190 *1,112,647
-------353.444
147,812
119,488
571,545
----------824,001
2,032,400
100,630
382,561
74,056
642,122
551,308
2,233,300
95,746
04,785
292,307
502,159
549,739
1,671,128
80,327
67,947
100,237
345,486
263,766
894,036
37,034
177,964
949,040
282,711
1,6x5.958
309,307
1,801,768

5.988
40,204
293,897
40.035
294,403
105,481
534.70*

8,580
62,503
247,297
59,966
295,065
101,208
457,865

- Deducting other expenditures for repairs, roplaoemeuta and goneral

1895,

$

PrevTy reported 127 Pda. 4,567,495 4,860,081
10.941
Alabama Gt. Southern...
*8.355
Atlantic A Danville........
11,520
9.412
Balt. A Ohio Southwest.
460,500:
197.100
Burl. <>d. Rap. A North.
126,896
1 47.01 i
Chicago Great Western.,
118,931i
137,830
Chic. Peoria A S t Louis.
20.360
19,881
Chic. A West M ichigan..,
58,V79j
56,507;
Cin. Jackson A Mackinaw
2 ',421
21,049
C lew , Canton A South'd
22,3 W
21.369
Clev. Cin. Chic. A St, L ,,
404,327!
397,6 15
Col. Sandusky A Hock’ g
19,335;
33.687
D etroit i...*r.s'g A North'n
44.3S6
35.909
Duluth 80 . Shore A Atl .
02,24
37,959
Evansv. A Indianapolis
9,040
10.J90
Evansville A Richmond.
4.325
3,542
25,009
E vansr. A Terre Haute.,
33,406
glin t A Per# Marquette
67,608
71.400
39.135
Fla. Cent. A Peninsular.,
38,432:
G eorgia..............................
39,688
31,326;
Grand Rapid* A Ind ian *.
56,0> 0
65,952:
10,085
Cincinnati R. A Ft. W ..
13,771
Traverse C ity........ .......
1.284
1,6*1
Mask. Gr. Ran. A i ad .
3.962
3,258
Grand Trunk » f Canada.
518,33’!
602,212)
Chicago A fir'd T ran*.
70.019
9J.O0O
a o .ro i
Dot, Or, May. A MUW..
37,7131
Cin. Sag, A M irk. ..
3,221
4,049!
Tol, 8a* A M usk.....
3,2'>2
2,950
Indiana Decatur A West. 1
11,70}
1 2 .2 5 0 :
Kan. City Ft. 8. A Mem.
101,503
1 11,491
Kan. 0 . Mem. A R tn o___
26.361
26,015
Lctsfsv Evan
A xt, L.
46.0 19
49.421;
Louisrilte A Nashville,.,.
5 7 2 .9 8 0
539,360Lottie, N. Albany A (M e.-,
77,5:47
08.907,
Loulsv. fiend, A 84. L ..
18,050
12,917
134.410
Mexican National............;
113,217
Minn. St. P. A 8. 8. 51
94.509
99,970
Mo. K mli ra* A Texas
384.623'
330.100

Increase.
8
172,455;
2,108

11,101
495
1,812
372
497
6,702
8,447
14,283
*"*4*83;

Decrease.
48* ,641
7,414
30*594
20,119

14,352
1,330

7,717

3,794
703
7,862

9.942
3,696

377

243,
*31*6

804
53.876
12.981
7.U.1
827
****.577
29,978

T .s o i

16.680
21,370
5.203
22,169
.14.522

1,401

exoduses, net Income applicable to interest on bonds in Ju ly was
8105,995, against $74,772 last year, and from January 1 to July 31
$695,811, against *560,340. This is the result In M exican dollars
treated (according to the com pany’s method o f keeping its accounts)
as equivalent to 80 cents In United States m oney—chat is, all d e p r e d ­
ation tievond20 per cent has already boon allowed for.
a Net oarnlogs bora given arc after dn tinning taxes,
b Sat earnings here given are b efore d a lu otla g taxes.

In te r e s t C h a rges au d S u r p l u s . — T h e fo l l o w i n g r o a d s , in
a d d it io n t o th e ir g r o w an d n e t e a r n in g s g iv e n in th e f o r e g o in g ,
a lso r e p o r t c h a r g e s fo r in te r e s t, & c ., w ith th e s u r p lu s o r d e fic it
a b o v e o r b e lo w th ose c h a r g e s .
Us, Ae.-% r-Bat. o f Net Barns —.
-tn 'er'i, rentals,
1896.
1895.
1890.
*1895.
$
*
$
Roads.
8
115,900
141,690
t29,611
Chicago A East. fiL .-J u ly
115,994
33
,5
t0
def.
4,1
31
def.
0,071
Ohio. A W. Mich. ...Tuly
34.099
232,799 flf, 105,195 d ef.98,229
Jan. 1 to July 31. ..
236.235
29,965
3.191 def. 6,60 5
Dec. Lane. A N o r ... .July
18.146
197,415 def.72,678 de.f.02,197
Jau. 1 to July 3 1 ....
154.838
51,091
dot
2,323
4,003
Flint A Pore Mar... ..July
51,313
357,813
10,031 tlef.9,992
Jan. I to July 3 1 ....
358,577
43,251
1315
f 19,074
Toledo A O. Cent___ July
40,513
I A fter allowing fo r other incom e received.

SriiBBI' itV lL ir iV S AND t k v c i t d n c o u f a n i e s .
The following tails shows the (/rots earnings for the latest
period of all s t r e e t railways from which w e a r e able to obtain
veokly or monthly returns. Toe arrangement of the table is
he same as that for the steam roads—that is, the first two
columns o f figures give the gross earnings for the latest
week or month, and the last two columns the earnings for
the calendar year from .January 1 to and including such latest
week or month.

THE CHRONICLE,

454
BTKKKr

GROSS
E iS X IS O S .

R A.ILW A Y8

A il l )

r B \ (in o N

Latest arose Huntings.
Sirtt^orlfol 1896.|

C O M P A N IE S .

Jan. 1 to Latest Date
1896.

1895.

*

*

ANNUAL

[V ol .

l x i i -i ,

REPORTS.

Annnul Reports.— The following is an index to all annual
reports of steam railroads, street railways and miscellaneous
companies which have been published since the last editions
of the I n v e s t o r s ’ an d S t r e e t R a i l w a y S u p p le m e n t s .
This index does not include reports in to-day’s C h r o n ic l e ,
R ailroads and Miscel. Co’ s.
R ailroads and Miscel . Co’ s.
Volume 63—
Page.
Volume 63 —
Page.
Albany & Susquehanna............... 355 New London Northern.............. 400
American Spirits Manufacturing.. 152 New York Biscuit Co................... 401
Atch. Topeka Sc 8. Fe......... 6 m s. 267 New York A Canada........................ 355
Baltimore A Lehigh...................... 227 N. Y. Ontario t Western.............. 266
Boston A Albany................... 227, 3"9 N. Y. Susquehanna A Western.... 3&8
•w-t North
nuri/u Pacific
rtibiiit Coast...........
^uiwji............. ...... 400.
B osron A M u in e ................................... 354
Buffalo R o ch e ste r Sc P ittsbu rg ... 22«
O hio Falls Car M fg .. ................... 188

61,686
AkTon Heard AClev. August—
81,740
057| 1 5,M i
102,048
Akron St. Ry.A UL Co ,Juno........ 2 1 a?41
72,223
80,744
19.119
AUenCn A Leh.Tr'.t’ njMay..........
22,131
23,337
41475
,){??£
Anieienlatn 8t. Ry.. J u n o....
186,741
209,646
32.301
Atlanta Con. «t. By .. July
c «oi
o.blKJ
Atlanta Railway....... July
Baltimore Traction.. A a& ost— , i o ^’ 1 7 4 i 111 ,484 844,389 753,078
11,553
11,588
2.347
2^64
Bath St. Ry. (N. Y.I.. July.........
51,114
52,955
Bay Cities Consol— July......... 11.501’ 10,873
70,756
81,403
July.........
Binghamton St..By...
15:800 tiffin 219,833 197,742
Bridgeport Traction August... 34.115 3 4 ,0 5 /
145,893 Calumet & H ecla M in in g.............. 188 Railway Equipm en t o f M in n esota. 227
Brockton Con. St. By. July........ . 3 2 :6 5 " 27,300 174,72*: 1,282,454
127,910|
150,745 1,040,526
R en sselaer Sc S a ra to ga ......................... 355
C entral o f G eorgia R a ilw a y ......... 400
Brooklyn Elevated.. July.........
C en tral N. Y . Sc W e s te rn .............. 3)*fi
R io G ra n d e S o u th e r n ........................... 397
Br'klyr. Rap.Tr. Co.—
2.484,523 Central V e rm o n t ............................... 226 San A n to n io Sc Aransas P a s s .......... 151
Brooklyn Heights.. August__ 120,705,387,343'2,958,960
C
hesapeake
&
O
h
io
.............
291,
309,
314
San F ra n cisco & N orth P a cific ........ 187
391,792
69.42)!
63,824
An
a
ani
474,371
August—
Br'klyn (.jn’nf A 8uh
C hicago G reat W e s te rn ................. 399 i Southern R a ilw a y .................................. 854
Total for system . August---- 490^26 ‘^1,16'’ 3,433,33) 2,876,315 C h icago A North W estern..289, 309, 311 Staten Island Rapid T r a n s i t .......... 355
680.509 637.761 1 C h icago & E astern Illinois.. . .. .. 226 Syracuse Bingkam pton & N. Y . — 267
Buffalo By................. Juno
53,971 Clev. Cin. C h icago & St. L o u is.... 310 T o le d o & O h io C en tral........................ 226
59.147
14,805 13.523
April
Central Trac.d'ittsb.),,.
84,160 C olorado F u el A Iro n C o ............... 400 T row D ir e c to ry P rin tin g & B o o k b . 355
93,622
19,583 20,800
Chester Traction...... Juno
D en ver A Rio G rande,.......383,397, 403 W abash R R . .......................................... 398
54,131
431,921
424,086
53,928
Chic. A So. Side R.T.. July
ia m on d M atch C o ............................. 401 Western N. Y. A Pennsylvania ... 226
65,232 59,026 373,401 342,635 D
Cln. Newport A Cov.. July
Fall
Brook..................................... 355
Street R ailways .
11,79
1,908
City Elec. (Ronie.Ga.) July
F it c h b u r g ............................................... 226
97,632 96,67s* 538,864 4*85,375 Houston E. A W. Texas............... 267 Brooklyn Elevated....................... 356
Cleveland city Ry.... June
137,789
82^,983
Indiana & Lake Michigan............. 142 l>enver Consolidated Tramway ... 356
950,981
Cleveland Electric.. July......... 155,47c
Elevated (N. Y.)......... 310 Dry Dock E. B. A Battery............ 401
Columbus St. Ry (O.i 2d wk Aug 11,798 11,078 396.714 376,350 Manhattan
M in neapolis & St. L o u is ................... 399 Third Avenue (N. Y. City)...... ... 401
43.669 48,856 202,312 224,482 Mobile
Coney Island A B’ lyn July.
A Ohio.............................. 225
254,753 215,355
Consol. Traction. N.J May.
5.911
Dayton Traction....... August---65,199 *70,751 414,707 406,899
Denver Con. Trarnw July
250,246
3S.140
('Report for the year ending June 30, 1896.)
Detroit Ry................ July
25,315 25,109 133,396 131,2*78
July
Duluth St. Ry,
The remarks of President Miller will b* found at length ot
*,854,331
Enterp. RR. (Chas’n July
L'win Elec.
Clan Motor
kCAtne Co.. .July
80,3*0*6 another page, furnishiug full particulars concerning the
88.74*4
17,284 17,45
Erie
2,248
9,693
2,23)
Flashing AcCollege Pt u n e .........
property and the year’s operations.
66,79*0
95,514
Fort Wayne Consol.. July......... 19,282 13,012
The comparative tables of earnings, income account, etc.,
27,010
26,317
Galveston City Ry. February. 13,058 12,449
for four years have been compiled for th9 C hronicle as
Herkimer Moliawb fl
1,526
18,146
3,806
ion A F’kfort El.Ry May. .
below.
9,800
Hing'm (Mass.) 6. Ky. July..
O P E R A T IO N S .
'*4.98*5
975
Hoosiek Ry.............. July..
19,91b 21,3251895-96.
1894-95.
1893-94.
U1892-93.
Houston City St. R y.. July..
Interstate Consol, ol
Miles oper. June 30.
6,151
6,169
6,148
5,724
69,900
13,547
North Attleboro... July..
Equipment*—
52,908
Lake St. Kiev. (Chic.) April..
L ocom otives...........
835
797
833
833
69,0*44
11,611
Lehigh Traction........ July..
Passenger equipm’ t.
777
776
785
738
5,292
1,467
Look Haven Traction April.
Freight
&
misc.
cars.
27,539
27,961
27,931
28,249
30,309
10,036 5,905
48,819
London 8t Ry (Can.). July..
Opt
rations—
7,56
37,199 Passengers carried. 7,427,614 7,235,299
32,208
5,67'
Juno .
Lorain St. Ry
7.921,882
8,279,158
50,245 52,528 236,608 232,836 Pass, carried one m. 2C0,821,497 244,225,688 337,133,338 299.057,356
Lowell Law. & H av.. July.
Lynn A Boston........ 2d wk Aug 44,202 42,157 755,804 711,433 Rate per pass.per m . 2-357 cts.
2169 cts.
2-387 cts.
2-396
cts.
Metrop. (Kansas City > 3d wk Aug 34,281 36.088 ,123,904 1,074,352 Freight (tons) car’ d. 12,210,055 10,475,942 10,794,058 12,261,705
126.673 115,700 502,892 442,308 Fr’bt(tons) car.l m.t 2.381,667
Milw.El. Ry. Ac L Co. April..
2.077,869
2.378,470
1,765,245
32,289
27,911 Rate per ton per m .. 1003 cts.
5,778 4,829
Montgomery St. Ry. July..
1*037 cts.
1-026 cts.
1*075 cts.
118,372 110,035 721,123 625,689
Montreal Street Ry... July..
24,804 23.887
Nashville St. Ry...... March
*
Includes
narrow-gauge
equipment,
t
Three
ciphers
(000)
omitted.
11,314 13,121
Newburgh Electric.. July..
[ In this year Mil. &"Nor. results were not included.
New England St.—
E
A
R
N
IN
G
S
AN
D
E
X
P
E
N
SE
S.
35,*94 30,650 140,276 127,564
Winchester Ave__ .luly—
4,279
16,453
4,47u
Plym’ th Ac Kingston July___
18,751
1893-94.
1892-93.
1894-95.
1895-96.
9,945 207,93b 192,332
Total................... 1st wkSept 7,C93
Earn ings Jrom—
$
$
$
$
New Haven ACentrev July.........
25,549 Passengers............... 23,887,930
4,958 4,71b
33,356
7,138,561
7,311,687
5,852,781
New Haven St. Ry. .. May.......... 20 ,0 1 ) 15,942
63,220 Freight..................... 6.147,679 18,978,263 21,550,822 24,393,849
74,846
New London 8t Ry.. July.........
26,965 Mail, express, & c... 2,646,220
8,500 7,595
28,993
2,465,442
2,442,645
2,504,325
New Orleans Traction July......... 116,106 120,088 797,$32 761,145
N. Y. Ac Harlem........ Ju n e........
475,51: 554,930
Total earnings.. 3 2 ,6 3 1 ,8 2 9 2 7 ,3 3 5 ,3 6 9 3 1 ,3 2 7 ,9 5 1 3 3 ,9 7 5 ,0 5 5
Northampton St. Ry.
Expenses—
(Mass.).................... March..
6,256 4,920
19,307
12,997 Main of way i&struc. 4 ,3 7 4 ,7 2 4
3 ,7 0 3 ,4 6 8
4 ,4 6 9 .8 3 8 1
Ogdensburg St. Ry. July....
2,768
10,815
2 ,6 9 8 .4 5 9 1
........... Main, of rolling st’k. 2 ,9 4 2 ,2 9 5
2 ,0 8 5 ,3 0 9
Paterson R y............ July....
31,863 28,6*2*5 187,603 162,218 Cond’g transports
9 ,1 0 2 .7 8 5
9 ,6 2 1 ,0 2 7 I1
8 .3 4 8 ,1 5 3
Pitts. Front onac A
2 9 3 ,4 3 2
Loss and damage...
2 5 1 ,6 7 5
4 4 4 ,1 7 8 |
Sub.Elec. Rv.(Kan.) April
1,377
5.435
1,0 >2,239 '• 22,488,103
........... General offices, &C-.
9 9 2 ,0 7 9
9 6 6 ,9 5 5
Po’keepsie Ac Wapp. F. June
8,406
39,146
2 1 7 ,1 8 1 |
........... Mileage of ca rs ..... .
1 8 3 .3 1 1
1 3 9 ,82 0
Roanoke Street........ July.
4,201
3,625
23,69b
19,956 Taxes ....................... 1 ,0 8 2 ,0 8 4
1 ,1 9 9 ,0 7 7 1
1 ,0 8 4 ,7 0 0
Rochester Ry........... July......... 70,704 71,656 498,300 478,923 Renewal account ..
3 5 0 ,0 0 )
Savannah Electric... February..
5,441
3,470
4 6 2 ,2 8 3 J1
Miscellaneous
3 97 ,85 1
4 2 1 ,9 1 6
Schuylkill Tractiou.. July.........
8,787
9,939
54,390
49,723
Schuylkill Val. Trao. July.........
8,584 5,593
34,623
25,639
1 9 ,6 7 6 ,3 0 3 1 7 ,0 4 3 ,7 5 3 2 0 ,1 1 4 ,3 3 2 2 2 .4 8 8 ,1 0 8
Total expt
Scranton Ac Pittston.. July..........
6,730
Scranton Traction... July......... 33,318 28,298 195,096 159,066 Net earnings........... 1 3 ,0 0 5 ,0 2 1 1 0 ,2 9 1 ,6 1 6 1 1 ,2 1 3 ,6 1 9 1 1 ,4 8 6 ,9 4 7
Second Ave. (Pitted).) April---- 6 6-1 9
60-21
64-21
38,905 22,388 136,042
6 2 35
74,530 P. o. op. ex. to earns.
81oux City Tractiou July.........
7,413
6,525
46,261
44,086
INCOME ACCOUNT.
8teinwa> Ry............. Juno......... I 33,394 3 3 , 4 1 5 3 , 4 7 9 118,053
1 89 3 -9 1.
1 8 9 2 -9 3 .
1895-96.
1894-95.
Strealor Railway. .. February.
991
888
2,12c.
1,827
Receipts—
*
$
$
$
Syracuae Consol. .. July...........J 10,lo_ 12,14
74,233
96,444 Net
earnings............ 1 3,0 0 5 ,0 2 1 1 0 ,2 9 1 ,6 1 6 1 1 ,2 1 3 .6 1 9 1 1 .4 8 6 ,9 4 7
Syracuse E’ at-bldeRy July...........( 3,567
4,487
21,938
1 2 2 ,1 4 0
6 4 ,8 5 7
1 3 4 ,64 7
1 0 0 ,6 8 4
Syracuse St. RR....... July......... 27,67 25,400 175.54C 129,904 Other in co m e .......
Terre Haute El'c. Ry May.......... 13,777 12,848
60,950
47,960
Total net income 1 3 ,0 6 9 ,8 7 8 1 0 ,4 2 6 ,2 6 3 1 1 ,3 1 4 ,3 0 3 1 1 ,6 0 9 ,0 8 7
Third Ave. (N. Y.)
June
........ .............. 1,292.915 1,273,004
Disbursements—
Toronto Ry.............. July.
87
87,899 92,881 557,92' 545,256
7 ,0 6 5 .2 1 6
Interest
on debt ... 7 ,6 1 1 ,9 2 3
7 ,6 2 9 ,3 7 7
7 ,5 0 3 .7 4 8
Twin City Rap. Tran July.
177.
77,837 176,626; 1,138,002 1,101,927
1 ,8 1 8 ,8 0 2
1 ,7 5 1 ,3 5 7
p. c. on p^ef. stock 1 ,8 4 6.31 3
1 ,3 0 9 ,2 1 3
Union (N. Bedford).. July.
21,642
S i " '" 19,658 ---------117,985 100,549 7Div.
on
com.
stock*.
1 ,8 3 8 ,3 0 6
1 ,3 8 0 ,8 1 7
1 ,8 3 8,3.-7
1 ,3 3 0 ,8 1 8
United Tract. (Prov.i__
H
July
168,695 158,395 996,14- 900,013
2 1 ,4 7 0
9
5
,8
2
2
Miscellaneous..........
5
7
,5
6
0
Unit. True. (Reading)'July__
..............
22,86
20,380 110,613
99,547
Utica Belt Line........... June ...
81,751
75,127
1
0
,6
7 6 ,3 4 9
1
1
,2
4
7
,0
)0
1
0
,5
9
6
,6
1
8
1
0
,8
2
8
,9
9
7
Wakefield A stone__ July___
7,926 7,705
32,780
29.921
Waterbary Traction.. July....
21,699 22,681 139,19
2 ,1 7 3 ,2 6 0 d e f.4 0 2 ,7 3 1
6 7 ,2 1 3
9 3 2 ,7 3 8
133,112 Surplus.............
Wheeling Railway. Juno...
14.823 14,2881,763!
67,979
Wilkeffb. A Wy. Valley July__
47,801 45,964 284,30 . 235,764
* Div. 3 p. c. in 1895 96 and 1894-95; 4 p. c. in 1893-94 and 1892-93.
Worcester Consol......______________________________
Julv___
48,598 42,573 284,0531
___
239,212
GENERAL BALANCE SHEET JUNE 30.
s tr e e t Railw ay .\t*t EiiriiiugH. — The foilow iu g table gives
1896.
1895.
1894.
A
sods
—
^
^
^
the retiKas o f S t reet railw ay gross and net earniugs received
Road
aud
equipment.
.
.
................
2
1
1
,8
3
0
.7
3
5
2
1
1
,1
6
8
,0
3
7
2
1
0
,4 1 0 ,7 1 3
this weea. In reporting these net earnings for the street rail
9 7 6 ,3 5 8
Bonds and stacks owned..
900.466
956, 739
ways, we adopt the same plan as that for the steam roads— Due
28'\ 114
4 5 ’ »,269
from agents, etc.....................
246,058
that i*. we print each week all the returns received that Duefr m c o s aud individuals... 1,109,256
4 * 3 ,7 2 6
906 146
271 ,492
2 7 1 ,0 6 1
303,353
w eek, but once a m onth (on the third or the fourth Sa tu r­ Due from U 8 Government.......
2 ,2 2 6 ,5 6 8
1,743. 014
and f u e l ....................... J,846,511
day) we bring together all the roads furnishing returns and Materials
3,529, 0')0 2 ,^ 0 1 ,8 0 0
Ronds of company ou hand.......... 3,45 7,000
th e lateat statement o f this kind will be found in the Stock of oompany on h a n d ........
4 .7 7 0
4,,770
4,770
1 ,0 8 9 ,0 0 0
1.089, ,000
G uron icle o f August 22, 1896. The next will appear in the Mil. & Northern bonds unsold... 1,089,000
8 2 9 ,0 0 0
600, 000
Loans and bills receivable............
laaueof Svpt.19.189H. — oross Sarm ^ s.— . _ , Vel Barmngs.—
Renewal fund........................
350.000
1896.
1895.
1896.
1895
696,840
554,907
Sinking funds.
662,082
Hoads.
i
#
2,791 ,7J4 3,676,586
Cash
...............................................
5,593,619
Bridgeport Tract’u .. Aug.
34,115
34,057
16,866
19.319 Tnsuranoefund.
10,
,000
1 0 ,000
10,000
Jan. 1 to Aug. 31__
219,833
197.742
104 ,98 4
94.323
New Londoti 8t Ky. July
8 ,500
7,595
4,651
4 4 43
Total assets......................
227,402,851 224,036,876 223,874,758
Jan. I to July 3 1 ....
28,993
26,965
9.593
8,739
Liabilities—
New York A Harlem—
Stock, oominiin.............................. 46,027,261 46,027,261 46.027.261
Apr. 1 to Jane 3 0 ,...
243,257
275,904
8
3
,7
0
4
48,586
Stock,
preferred..................... ...... 26,895,900 20,1*6,900 25,9“3,900
J»n. 1 to Juno 30 ...
4 7 5 ,51 7
5 54,930
149,903
162,166 Funded debt................................. 139,161,000 139,321,000 138,301,000
Utica Belt Line St. Ry.—
^iuking
fund ................................
660,725
669,6*0
82,020Apr. I to Juae <0....
43,101
41,514
17.214
17,799 Rolling sf>ck fu n d .......................
258.406
260,610
110,669Jan. 1 to June 3 0 ....
81,751
7 5 ,1 2 7
30,998
29,9 57
Renewal fund...............................
387,154
............
.......... .

Chicago Milwaukee & St. Paul Railway.

THE

S eptember 12, 1896.J

P ay-ro’ is, vouchers, eta.................
Interest accrued nor duo............
Loans and bills p a y a b le ............ .
Miscellaneous ...............................
fficonie accou n t..............................

1816.

1895.

2,0 i f .037
3,603,583
............
110,913
7,663,868

2,412,286

3,582,251
97,008

5,479,380

CHRONICLE.

1S94.
8
1.669.179
3,981,943
1 /0 .<0 )
107,706
6,521,040

Total liabilities........................ 227,402,852 221,036,876 223,874,75S
— V. 62 , p. 58 9.

Wabash Railroad.
( Report f o r the year ending June 30,1396. J
The annual pamphlet report for the year ending June 80,
1896. has Just been issued. The remarks of Mr. O. D. Ashley,
the President, are given at length in this week’s issue of the
C hronicle on subsequent pages. Statistics, compiled in the
usualform for the Chkomclk , are as follow s:
O P M A T M X S A N D F ISC A L RESU LTS.

189?-96*
1,916

18)1-95.
1,935

1893-91.
1,935

1892-93.
1,890

400
326
12,421

414
321
12,970

418
318
13,557

428
322
13,112

3.542,042

3,401,771

3,714.671

3 /3 4 ,9 1 6

1,2 i 8,785
Ota.
S
3,-239.977
8,480 552
1 ,0 8 8 /1 4

1.100,976
0-721 eto.

1,097,565
0-698 eta.

1.409.033
0 -0 -3 ot*.

2 /9 2 .6 3 6
7 , 9 3 2 / td
1,031,380

8,016,011
7 ,6 56.9 )2
0 4 3,5)8

3.558.033
0.617.588
1.044,223

T otal .................. 1 2 /0 7 ,1 4 3
Expertises—
M aintenance o f way 1.701.055
M otive power. . . . . .
2,406,141
S ialnu ii ce o f oars..
036.645
Transportation . . . .
3 /7 1 ,2 1 6
G e n e r a l...................
2 3 7 /4 7

1 1 /5 9 /3 9

12,551,149

14,220.414

Average mi'e .ce..
Equlfnueni—
locomotive* ... ..
Freight equipm ent..
Operations—
Fasaon. carried. No.

455

St. Louis & San Francisco Railroad.
(Statement for year ending Jane 30, 1896.)
The Chronicle has been favored with the advance state­
ment given below for the late fiscal year. The property was
operated by the receiver during the' entire jfe, iod, the new
company having taken possession July 1, iSS**. This fact
should be borne in mind, as during the receivership it is
claimed the road worked at some disadvantage. The fixed
charges of the new company, including such of the branch
lines as will probably be acquired, will be about $2,050,000.
Consequently, on thejbasis of last year’s remits under the
receiver, there was a surplus over the charges of the
new comp in v of about $150,000.
The earning), etc., are as follows:
FISCAL TEARS ENDING JUNE 30.
1396.
Miles operated........................................................
1,323
Earning* from—
s
f*»set»KWS................................................................ 1,274,788
Freight ...........................................
Mail ..........................................................................
201.3 >1
Express............................................ .............
2 0 4 .3 )0
M iscellaneous.........................................................
216,203

1895.
1.32S
$
1,165,148
4.262,314 4,316,51
190,409
210.036
199,320

Total trro— ..a n tin g * ........................................ 6,162,055
PMEcam-4 i miie.153.M6H,979 1^9,472.820 210.23s,487 177,1 19/65
Kate per pa». perm. 2-038 et*. 21!6 0t«. 1-877 ct«.
2 009 ets.
763,577
Fr-giit turn* C4rr-<1. 6,100,710 5,811.557 5,4> i/9i 7/36,337 Maintenance of road ............................................
Fr'chiiton,),.';,r. )m. ’
Bate per toe per m.

Fa*--n*.*er.................
F r e u b t ......................
Mail, express, etc ..

Total.............
Net -a m ln .-*............
F .c .o p .e x o .t o o A r o .

9,212,804
3,501,339
72-17

$

1,461,2! 6
2 ,4 0 7 /6 0
682,52?
3 /3 6 /4 2
2 3 0 /0 >

1 /9 7 .4 1 1
2,32.3,508
1,043,181
4.110.195
237,11 1

1,934,704
2,9 (2 ,8 28
1.183,6* 2
4,508,658
269,613

8 /2 1 ,0 3 0
3 ,0 3 8 /0 9
74-59

9 /3 0 ,3 8 0
2,721,069
78-32

10,307,604
3 ,4 1 2 /4 0
76-00

* Three tnph-r* (000) oratttu 1.
INCOME ACCOUNT,

189.V96.

1891-93.

1893-84.

1882-93.

3,**64,533
213,417

3 ,0 38,8 0)
239,587

u z f.im

439,460

3,412,340
519,088

Total............... 3,777,956
IWhf t T ales............ ......
519.679
Tt'fc* !»dg,-reatale.
423.913

3,273,396

3,100.529

3 .9 3 1 /2 6

497,098

4 12,1 24

417,369
470,194

33,0 tO

42 o:y

N etsaroina* ........ .
l a y W t M v a t ’R A e ,

$

8

MbteeUaneons. ____

61,019

507.793
436.161
38,901

T o t a l...................
A ppU -»t»i«!*.!>;t .. .
Inter on b o » » and
rent Of teasel

1,009,610
8,708,346

982,761
3,296,630

972.802
2 ,ls 7 ,0 6 7

960,641
3,962,281

2.791,545

2,638.543

2,859,431

2,714,701

» B alim e*.............. snr.66,800 def 3 4 2 /0 7 d ef.6 7 1,764 *mr.24’ /S O
DIv. on prof, deben.
35.000
....................................
210,000

Result.

sar.31,900 def.543.907 def.671,764
R i n s e s sn sB r j e m 30.
1890.
1895.
1994.

sur.37.5sO

18P3.

A n e lt*
6
?
K o*d, ptjnlptn’f, Ac 133,433.500 133,433.300 133,433,600 133,433,400
57 **.954
8wpplle»&ni*terlai«
478.374
865,941
3 3 1,03 7
Cash on hand .........
844,3)1
9 3 0 ,8 7 )
668,340
457,676
Stork.* and hotxf.
528,922
17t*,?22
304,022
1,204.922
Portsb'og commote-179,170
182,63 *
431,363
212,658
571.78 L
Aceeuht* ounce* into
454,004
664,224
531.082
Wabash ree.uiitat-o
210/00
180/100
180,000
Advance* A ml- •>!..
14*1531
1,100,170
503 298
557,652
Bet*, profit and lees.
231,357
1,017,399
983.646
_
...................136,918,<U2 133,395,91 i 137,315,978 13?,015,7")0
JAmmiUle*—
Comm on stock . . . . . 28.0X1,000 28,000,000 28,000,000 2 8 /0 9 ,0 0 0
Preferred stock . . . . 24 •> i«,000 2 4 /0 0 ,0 0 0 2 4 /0 0 ,0 0 0 24,000.0 0
B on d -........................ 81,53 4,000 82,434.000 81,7 40,000 81,500,000
Bit. due and ao-r'rt.
760,131
9 5 9 /5 7
^063,280
9 7 4 /5 6
Bob dry sects. p » y ie 1,867,273
1 /0 7 .1 0 7
1,894.811
1,698,760
251,205
312,764
245,665
H..#pnal a c c o u n t...
3,381
4 5 /2 9
3,37 9
35,2.37
Bills p a y a b le ..........
429,337
782,70)
2 1 7 /4 1
023,339
Credit profit A* lost).....................
254.301

Thtal.-. . ....... 136,918,842 139,305/41 la7.3n.97-l 137,045,730

— V . W , P, SWW*

Oregon Railway & Navigation.
(Earning* fo r the. year ending June 30, 1896.)
The Oregon Bnitroad & Navigation took possession of the
old Oregon Bailway <& Navigation property on August 1,
1^90. The following earnings for the late ‘ fiscal year are
those of the old company under the receivership. The fig­
ure* include carafe ga from steamships.
* » ? * * ■ ” ................................................................. *4/40,791
!r’ l-'T * "n*'* U“ :

#2,776,503

T a x e s * . ........ ......
>- *7 '

' -mm

165,015

- -■**.*: ><.•.- ...............

..........

Beoavewbip expenses, o, tporeto expense* and Interest. .

1, s / 2 7

27,001

I * ™ .........- ................................................................................. *3,137,317

Maintenance o f e q u ip m e n t................................
TronsporL.il,m .........................................
General e x p o s e s .................... .............................

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

Net earning*................

....... „ * * * . , ; ..................................77'$1,230,873

Of the above surplus >198.903 has been used for extraordinary tmtirOfetnent* and betterments, In which the cost of
new steel rails on 40 dt-lOO miles is not inchided.
f or fi-cai y*>ai 1894 9) gr*s* earnings, including steamships
were $5,090/7 * and in 1893 91 $3,82.7,52.—V. 63, p, 858.

733,885
531,822
498,342
2,203.560 2,070,390
233,589
239,495

3,745.518

3,542,132
2,539,291
(58-25%)

2,416,507

Ratio of operating expenses to gross earns....
T a i.-s ..............................................

(60-79%)
215,793

Bilanee fo r charges.............. .........
Charges—gee introductory remarks,

2**2,504

2,200,714

2,336,787

- V . 03, V. 811.

Chicago & Eastern Illin ois Railroad.
(Beport for the year ending June 30, 1S96.)
President J, M. Carpenter says in part:
General Results.—Gross earnings show an increase com­
pared with the previous year of I) 45 per cant. Operating
expenses were 56 per cent of earnings, as against 63-65 per
cent last year, so that the increase in net earning? is equal to
82-51 p ?r cent.
Compared with last year, there was an increase in freight
earnings of $318,407, equal to 9-68 p-r cent, The avenge
rate received per ton per milo was 0*W Cento, against 0-59
cento last year. The average rate received per pass mger per
milo was i*54 cento, compared with 1*59 cents last year. The
average distance traveled by each passenger was 13 1 miles,
as against 12 4 miles last year. The low average rate, revenue
and distance per passenger is due to Chicago suburban busi­
ness.
Although the rate per ton per mile decreased nearly %(4
per cent, the earnings per freight train mile increased over
Us P«r cent, the average paying tonnage per freight train
mile reaching 365 tons and earning $1 98 per mile. The
increased pas*enger mileage of nearly 12 per cent increased
the passenger earnings not quite 6 per cent, resulting in a
decline in the revenue per mile on passenger trains, although
favorably affecting the gross passenger earnings.
Maintenance.—As to maintenance, etc,, the report says :
Few aaoent work alsphioed 1,68 s lineal feet o f pile and timber

trestles. Including a steel trestle 305 foot In length over Big Shawnee
Creek, in Indian *, red ucing a timber trestle. A bout 1 5 /0 0 y„rda o f
gravel were hauled to put under the track between Momeaee and
Chicago. About eight niile* o f 80-lb. rail was laid, replacing lighter
sb-cl. The large charge to renew als o f ties was brought about b y an
ewHor delivery to a* o f ties than la th * preoedlmr year.
i « our annual report last year It i» stated that " w o had not post-

t-'i'Jtxl nei -B*«ry current expenditure* for the future to take care of.”

B 1* a pleasure to repeat that statement iu this year's report.

With 128 miles o f double track, low grades and excellent
alignment we are in a position to handle a much larger traffic
than we now have at a considerable relative reduction in
expense.
There was charged to capital account *78,810; the principal
items are: Betterment of bridges, $18,587: buildings, $14,637;
side tracks. $19,116; renewals of rails (80 io. substituted for
lighter') 14,212,
statidic*. —Operation-•. earnings and charges are. shown
below for four years:
OFERATIONS AND FISCAL RESULTS.

1885-96.
1894-95.
1893-94,
1892-93.
Mile* o p e r a te d .......
522
522
516’
480
Operation* P »-s. Carried, No ..
3,605.421 3 ,4 0 5 /9 1
4.267,087
4,126,187
Fa***, car one mile . 47,301.51 « 4 3 ,8 8 1 /0 1 70,030,978 54, >45,770
Kate per p a - per m
1*54 ct*.
1 *60 ot*.
t-53 etR
1-81 cto.
Fr’Kbt ttorni cart’d .
-1.437,2 -O 3,7 8 2 ,-0 6
3,223,578
4.406,553
Fr’Etit (ti,ns)ci*r. 1m.5 8 3 /0 8 ,7 9 2 498,538,083 *20 ,4-1 ,239 580,6)3,105
S ate pet ton per iu .
0*54 eta.
0 59 eta.
0*03 cts.
0-50 ota.
f.’rtv-n f rmcr_
ifir
<
*b
*
*
#
0-7 ,2 0 0
1,1)69,133
8 7 2 /9 1
727,414
f e * ! '. " : : : * : : : : :
3,154,642
2,876,234
2,683,731
3,417,503
Mall, express, A o ..
104,426
i 47,243
1,56,565
182,566
T o ta l...................

4,011,024

Main, o f equipm ent.
Co ml. transport’lon .
Oenorttl ex iieu ses...
T ax es..........................

3 1 5 /1 6
446,440
1,357.573
128.R32
185,62?

Total expenses
Net earnings............
Per ot. exp. to earn.

2,433,888
1,580,736
60-32

Expenses —
Bnrpln* over expense*................................................... *1.203,4)4
51 in.of way A struo,
MtoteBjfuiMMi Income , , ....... ...................... 27,129
Sarpln* tor | e »r

6,031,424

3 /6 7 ,8 6 9

2 /0 8 ,3 7 i
1,159,498
88 38

8 /6 0 ,1 ) 5

4,448,959

2,439,710

2,990,315

2 ,4 0 9 ,7 1 )
1,450,405
62*43

2,090,315
1,456,014
67-24

THE CHRONICLE.

456

O PE R A T IO N S AMD F ISC A L RESU LTS.

INCOM E ACCOUNT.

1894-95.

1893-91.

1892-93.

1,580,736
154,641

1,150,498
169,653

1,450,105
125,687

1,456,644
66,742

1,735,380

1,329,151

1,576,092

1,523,336

968.995
234,478
289.-42

962.901
234,959
289.842

942,788
238,756
286,914

913,015
221,071
283,986

1,468,458
Total................. 1,493,315 1,487,702
Balance................... sur.242,065 aef.158,551 sur.107,634
BALAN CE SHEET JU N E 30.
1895.
1896.
#
Assets—
Bond and equipment..... ............. 28,026,931 27,95*0,620
2,810,493
Bonds, stocks aDd other invests. 2,824,014
241.599
265,538
Sinking fund C. .fc E l R R .........
211,115
241,735
Sinking fund C. & W. I. RR.........
298,611
310.264
Bills and accounts receivable....
118,613
150,959
Maierialsand supplies................
150,000
Advances.......................................
121,863
120.725
Cash.....................................- .........
Total assets............................ 32,092,166 31,752,914
Liabilities—
6,197,800
Common stock outstanding...... 6,197,800
4,830.700
Preferred snook outstanding....... 4,830,700
Bonds ( s e e S u p p l e m e n t ) ................... 18,154.000 18,060.000
395,702
395,895
Interest, rentals, taxes, Ac..........
313,213
301,765
Pay-rolls, vouchers, d o ..............
150,000
Loan (advance on property) . . . .
234,869
222,157
Equipment replacement fund —
394,419
307,255
Oiner liabilities............................
1,326,211
Income account............................ 1,529,594

1,418,072
sur.105,314

1895-96.
**ReceiptsNot euri logs...........
Other I n c o m e .............
Total.................
Deduct—
Interest o n b o n d s . . .
Rentals.......... ---•
6 p. c . o n p r e f. s t o c k

Total liabilities
—V. 63, p. 228.

[ V ol . LX III.

1894.
$
27,852,360
3,228,911
210,967
182,274
271,960
143,571
220,566
32,110,609

1895-96.
1894-95.
1893-94.
1892-93.
Total miles operated 458
453
450
450
Operations—
Passi-DKers carried. 7,468,666 7,199,874
7,116,592
7,770,632
Passenaer mileaeo. 123,916,576 112,439.598 114,584,909 117,908,668
Rate per pus. por in.
177 cts.
1 8 2 cts.
185 cts.
l p87 ols.
Fr’glit (tors) moved 4,775,100
4,419,427
4,061,817 4,872,330
Fr’t (tons) mileage..551,04t,746 505.805,169 456,515,951 525/ 27,360
Rate per ton per m. 0'880 cts.
0 900 cts.
0 914 cts.
0-94 cts.
Earninps—
$
$
$
$
Passenger................ 2,489,452 2,348,280 2,419,396 2,482,686
Freight ................... 4,846,520 4,552,608 4,173,197 4,935,723
Miscellaneous..........
270,793
336,836
272,562
288,888
Total gross earns. 7,606,765
Expenses—
Maint. of way, etc...
914,295
Malnt.of equipment. 1,095,069
Conduct, transport’ll 3,309,400
143,552
General.....................
Taxes........................
249,554

7,237,724

6,865,155

7,707,297

812,543
817,185
3,197,689
143,349
231,660

794,776
648,799
3,232,797
127,540
234,253

5,542,689

Total expenses... 5,711,870
Net earnings.......... *1,894,895
Per ct. of op. exp. to
earn. (excl. taxes)
71’81

5,202,426
2,035,298

5,038,169
1,826,986

5,768,472
1,933,825

................ 32,092,166 31,752,914 32,110,609

Fitchburg Railroad.

(Report fo r the year ending June 30, 1896.J
President H. S. Marcy in the report says .
General Results.— “ This present year may be said to be the
most prosperous in the history of the company. The gross
earnings have reached a total which lacks but S35.849 of the
large earnings of the year ending June 30th, 1893, while the
decrease in the cost of c -nducting transportation has enabled
the company to earn the full dividend and at the same time
to charge to current expenses a larger sum for substantial
improvements than ever before.
“ To this company, whose business is so largely the trans­
portation of through freight, the question of the maintenance
of tariff rates is all important, lh e outlook in this respect
was never so good as it is to-day. The courts have sustained
the Inter-State Commerce Commission in their efforts to pre­
vent the payment of Becret rebates and allowances, and the
practice lias almost ceased. W ith rates steadily maintained
larger ret earnings will be assured to this company.”
Additions, Improvements, E tc.— The report says :
"There have been purchased fifteen freight Jooomotives, six of which
have replaced a like number unlit for modern service. Twenty-four
locomotives have been equipped with driver brakes and eighty with
automatic couplers. 'i he 150 3o-ton freight cars provided for in the
expenses of the year ending June 30th, 1-95, have been purchased or
constructed. Fifty additional 30-ton drop-side coal cars have been
ure-based and 10o box cars have been furnished with new bodies.
Six
hundred and twenty-seven freight oars have been litted with air
brakes and 1,233 with vertical plane couplers, and one new official car
has been oonstruoted. Six new passenger depots have been ereoted.
Four thousand six hundred and six tons of 76-pound steel rails and
257,402 ties have been used in repairs.
None of the expenditures above mentioned have been
charged to construction account, and in addition the current
expenses have been charged with the cost of consolidating
the locomotive repair work at Keene, N. H ., the whole ex­
penditure amounting to $47,193.
"Highway grade crossings have been eliminated at Watertowi
Athol. Gardner and Fitohburg, and the elimination of the crossings i
Cole's Switch, in V illiamstown, and at Holden, are nearly complete!
A new storehouse at Hoi suo Tunnel docks, costing #74,611, wa
completed in November, 189i, and the earnings since derived then
from have shown an ample return on the money invested.
"For the more economical handling of the heavy freight trhiflio o
the Western division, it has been decided to extend the double trac
and reduce the grade at Reynolds, a few miles east of Meehaniovilh
Work thereon was begun early in the spring of 1896 and will be cou
pleted soon after September 1st. The only expenditures charged t
construction account during the year (including Vermont & Mass;
ohusetts HR. improvements) have been as follow s: Separation c
grades and eliminating crossings, *58,631-': real estate. $30,662; stori
EloosacTunnel Docks. *51.515; completion of Milford brand
#2,904; recond track at Reynolds, #28,728; total, #172,415,
the authority given in September
lotto, $590,000 4 per cent bonds were issued July 1st, 1890 fo
R e payment of $250,000 Cheshire RR. 6s m aturing,’ an
$153,000 Boston Barre & Gardner RR and $48,000 Monadnocl
KK. bonds, which matured July 1st, 1895, the balanc
remaining to be used for funding the floating debt. A par
v. ° f lhfS£! bonds has been sold, but it is expected tha
the balance will be disposed of at an early date. The require
ments for ri funding outs andiDg obligations for the comini
year are stated in the call for the annual meeting ” 18ee £
following page.— E ds ]
“
n J S c'_Ta,lle8 in I,ie reP°rt show that of the total tonnagi
971,484 tons were west bound, of which 111,274 tons fron
Boston pas-ed through the tloosac Tunnel. The east-bium
tonnage aggregated 3,803.616 tons, of which 1,090,012 passec
through the Hoosac Tunnel bound for Boston. The averagrate per ton per mile on local freight was 2-51 cents, on foi
eign freight *71 cents.
The comparative statement for four years compiled for th.
C h ro n icle i s given below :

69 97

71-91

INCOME ACCOUNT.

6,197,800
1895-96.
4,830,TO »
Receipts—
9
18,060,000 Net earnings........... *1,894,895
386,854 Received for prem.
607,035
oubonds..............
..........
172,823
370,636
1,484,762

68-68

225,783

Total.....................
J M S b u rsem en ts—

Rentals paid............
Interest on bonds...
Other Interest.......
Dividends................

1894-95.
9
2,035,298

1893-94.
$
1,826,986

1892-93
$
1,938,325

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

32,054

........

1,894,895

2,035,293

1,859,010

1,938,825

259,980
1,001,310
878
595,096

264,980
1,014,084
7,391
681,867

264.980
985,487
59,223
502,000

264,146
953,254
21,639
663.134

Total..................... 1,857,264
1,968,322
1,811,639
1,907,173
Balanoe....................sur. 37,631 sur. 66,976 sur. 47,349 sur. 31,652
w Tn 1894-95 was included in net earnings $ 1 4 3 ,2 4 9 dividends on.
treasury stock; tliis year’s net earnings does not include these divi­
dends.
GENERAL BALANCE 8HEET JUNE 3 0.

1895.
1894.
1896.
1893.
Assets—
$
$
$
$
Construction____ ) 45,213,750 45,041,305 |40,342,804 40,157,618
4,129,786
Equipment..........S
3,946,940
1,688,339
Investments............ 1,860,271
1,836,228
1,681,248
357,027
586,774
C a sh ...... ..................
655,328
433,659
703,591
752,952
792,134
1,023,110
Bi Is and cash accts.
891,427
768,847
783,583
894,332
Materials & supplies
Total..................
Liabilities—
Stock, common......
Stock, preferred___
Funded debt...........
Bondsmatur’g July 1
Notes payable..........
Vouchers and accts.
Dividends.................
interest...................
Other accounts.......
Profit and loss, sur.

49,026,066 43,936,106 48.392,474 48,137,407
7,000,000 7,000,000 7,000.000
7,000,000
17,360,000 17,360,000 17,000,000 17,000,000
22,268,000 22,268,000 22,373,003 20,499,51)0
201,000
150,100
415,000
300,000
1,595,000
832,695
760,347
589,3’ '0
901,454
303,340
326,098
161,839
317,713
307,122
309,536
317,928
297,456
320,982
327,105
250,087
261,210
327,804
290,173
273,197
273,197

Total. ............... 49,026,066 48,986,106 48,392,474 48,137,407

West Virginia Central & Pittsbnrg Railway.
( Report fo r the fiscal year ending June SO, 1896. J
President H . G. Davis in the reprrt says ;
Coal and Coke. —Of coal there were produced and
shipped from the mines on the line of the road; For the year
ending June 30, 1896, 992.623 gross tons, an increase over
the previ >us year of 54,435 tons; and of coke from ovens on
line of the road 163 677 net tons, a gain of 99,431 tons. The coal
trade was sliglnly better than in the year previous but still
unsatisfactory.
Owing principally to the superior quality of
the coke, the traffic of the road then in increased largely
over the previous year, and the prospects are good for the
ensuing year.
Connections to the South o f Elkins.— The report refers to
the plan mentioned in the last report for an extensi in south­
erly from Elkins to connect with an extension of the Chesa­
peake & Ohio, and says that its stttus remains unchanged.
General Remarks.— All shipments from the Franklin Mine
were heretofore sent by the Cumberland & Pennsylvania
Road, upon which the miues were located. Tne property has
recently passed into the control of the Davis Co 1 & Coke
Company, which has built a trarnroad to a tipple erectel on
the tracks of the W est Virginia Central, over wh-eh the coal
from these mines will hereafter be sent.
Since the last report the W est Virginia Central purchased
what is known as the Vandiver lands, near E ls Garden.
They contain about 200 acres, a portion of which is underlaid
with the 14-foot vein c >al. These lands, which are a valuable
acquisition, were paid for out of the earnings of the mines.
During the year a sale has been made to the J. L. Rumbarger Lumber Co. of the timber on the Harper and Welton tract
of 18,000 acres, situated in Grant and Hardy counties, West
Virginia. The W est Virginia Central has a little m ire than
a half interest in this land.
The timber is to be taken in
s'ated quantities annually, extending over a number of years,
and will therefore be a source of considerable trifle to the
railroad for some time to come, as well as furnish ad­
ditional revenue from the company’s interest in the de­
ferred payments.
Rolling Stock, Etc.— The report says.
During the year the omnniny built and added to its equipment 7
drop bottom gondolas, with racks for carrying coke. Most of them
were supplied with air-brakes, and all of them have automatic coup-

S eptember 12, 1896.]

i'HE

457

CHRONICLE.

lent and other safety appliances. The cu t. $32,793, was ohara»4 to
“ eoaiomenr." There hare aiw been built at the company's shops 2a
new ears, with improved brake*, couplers, eto., to r-plaoe that num­
ber destroyed, ft ■ cost of wbleh has been oil unted to “ operating
expense*."' The eomn tnv now has nearly l ,9 *0 oars, or flitasn per
mile, wlPch Is more than theavenge of the roads of the country, ami
about equ *1 to the le tdiag roads. Threo of the largest class of 8 iMwtn ei sines were purchased. The total equipment June 30, 1396,
was: Engines, 32; passenger ears. 18: freight oars of all Hods. 1,338.
This entire equipment is the sole property of the company,
unencumbered by any car trusts or indebtedness of any kind.
There have been expended during the year and charged to
“ new improvements and betterments,” £31,158.
To the
present time 43 19 miles o f track have been re-laid with 70pound rails.
Nothing has been added to “ cost o f construc­
tion” since 1893, when the last extension of the road was
completed,
A considerable portion o f the com pany’s rolling stock is
already supplied with the automatic couplers, etc., and air­
brakes are being ad led as fast as practicable.
Statistics,—Earnings, expenses and charges have been as
fo llo w s :
K A K N T S09 ,lX I> E X PE N SES.

1896.
1895.
1894.
B antings—
$
$
$
Passenger............................. 3SS.250 39 300,825 29
266,284 00
Freight.................................1,443.483 16 1,196,900 29 1,293,230 00
81,024 00
Mill, express A mUoel!........ 115,789 57 106,265 00
Gross earns, from operation. 1,944,503 12 1,903,990 01 1,64S,538 00
Operating expenses.............. 1,326,657 93
1,298,405761,120,620 00
Income from operation....... 617,815 19
Per rout of expen. to earn's.
(63-22)
Other income........................
9,533

605,684 23
(63T9)
9,421

527,913 00

627.378
469,361
185,400

615,003
424.265
185,400

539,817
367,373
214,682

Balanoe...........................def. 27,536
-V. 63, p. 236.

sur. 5,340

def. 72,213

Total net iDCome...........
Interest, taxes, etc----- . .. . .
1Diriiien i s .............................

(

68 - 21 )

11,899

Union T ra ction Company o f P h lla le lp liia ,

(Statement fo r nine months ending Jane SO, 1898, J
The Philadelphia Ledger publishes the follow ing summary
of the report of the Union Traction Co. for the fiic il year
ending June 80, 1896, which has been filed at Harrisburg in
accordance with law, The report covers but nine months
business, as the com pany did not go into operation until O ct,
1, 1893, The operations reported are only those o f the Phila­
delphia Traction system, as the other tw o systems controlled
by the Union Traction Co. were up to June 30, 1896, operated
under separate organizations.
“ The com pany reports a capital stock o f £5,986,090 divided
among 3,980 shareholders. Its cash statement shows that
t 3,786,390Jjas been advanced to the Philadelphia Traction
Co. for the completion of its system; $888,663 has been spent
in construction and equipment, and a balance o f $1,400,4-19 in
cash is reported as on hand June 30, 1896. O f this am outr.
however, about £ 1,100,000 is reserved to meet fixed charges
and taxes accrued at that time, but not then due. The in­
com e account (for nine months only) is given as follow s:
tiro** earalnea from operation (Philadelphia Traction sys­
tem only) .........................................
$4,279,033

IS 94-95.
152
*
97,673
302,* X1
231.627
7,612
82,943
11,67-5
3,143
12,060

1893-91
152
$
102,533
270 803
197,868
3,249
83.H86
11,678
2,*-23
21,303

1892-93
132
$
111,052
3 0 ), 159
220.6 42
6,385
95,302
8,07.3
2,813
15, 13)

Total exraliigs............ . .855,911
Expense* —
Malntouano* of wav. etc . 129,236
Maintenance *>f ruoipmeat . 114.694
Transisirutloa................. . 104,561
CurmlieiiSP...................... . 11,465
OMnorsi ........................ . . 45.186
Mlseftllaoeoa*.___ ______ . 4.014
Taxes...................... .......... . 2s,500

750,567

699.148

769,895

108.247
39.272
175.630
9.476
40,21 l
3,283
30,700

118,663
75,340
144,526
9.749
43.380
13,239
26,590

Total expanse*........... .,530,834
Set earning*...................... ,32 .,075
P. o. expense* to earning*,.. 62-02

435,930
294.737
60-73

433,377
282,771
62’ 11

16 4,398
74,366
162, 16?
1 4,273
48,039
10,851
2 ,2 5 6 ,8 9 6
19.875 Less o p e ra tin g e x p e n s e s ...... ..................
*2.022,187
Net
earnings
from
operation............................................
493.969
Income Jrom other sources—
275,926 Advertising. etc.................
29,001
Div*. (Including die*, received on the Klootric 4. People's
6116
stock, deposited as MSeotlty for the t»*ne of Electric &
People's 4 p. u, stock trust, until div*. having been declared
J u n e 3 0 . 1 89 6 , o u t o f a ccu m u la te I e a rn in g * ainoe 1 9 1 3 ... 1 .2 4 2 .2 7 8
1893 94,

M ii« operate*!.........

1895-96.
. 152

Earnings—
$
Pas*en*Bf*.............. .......... . 101,196

,t a
Coal aod ooki* f*elghbi----SltseetUiieou* freights ...... 174.774
7,132
Exp.-c* .............................
Car raitaaim......... ............. . 83.0 )3
Mull sorvtco................... .. . 11,679
T«l.'grai>!)____ _ ______ . 3,365
Mi.tvliaarOB* ................... . 12,007

INCOME ACCOUNT.
1895-96.
9
Net earning-* W, Va. Con. A Pitts------ . 213.61))
Pie*lrnont.%C«mt>«rlaa<i RR. profit .... 10,633
. 102,007

ISO4 95.
$

9

Net Income from all source*.................................. ................*3,293,461
Dai u f tons from income -

188.235
20 3-19
*3,0 iR

174,049
13,126
S1.3H7

.329,139

239,563

Int.rv.t on bonds..............
Divlfipatls
................
MistoUatwma....................

. 130.000
82.500
. 22,253

180,000
82,500
4,701

T otal...,......................
SarjOua —. . . . ..... ..............

.281,733
. 44,386

267,291
22,362

271,562 Taxes paid Into State Treasury___ „ ____ ____. ..
225,077
other titan ab ove............ ...............................
44.389
180,0 o Tloaxes
t-r e st on fill ded d e b t . ......... .......... ...... ...........
166,26.4
55.000 Rentals (lnelUde tntcrcsi. paid and accrued on
2.936
Electric * People's stock tra*t*> ... ............... 2,960,77*
Other lived charges (paid and accrued).................
14.112
237,988
-------------- - 3.3*2,783
33,577

Total...........................
D ed u ct-

<:<>xnis!»Er*

b * i.« xce sheet

Taxes on cars........................................ . ............. .

.rpt.r t.
1803.

1896.
D r.

«

«

Real estate, em bracing 37,651 acres .i f e o i l ,

< ron

Umber land ami miser*! right* . 5,969,9*11

5,999.9 15
2.5 16.593

RR. M M t n n t lm , 2<1 track, balldlng*, e t c .... 2.6 *7.136
Equipment, etc ................................................ 1,272,112
Mm* oooK lni.-tln n...................... ................ .. .
48,508
Materials, supptte*. etc ..... ................. . . . . . .
82,705
D ae by Uli. do*., agents, eie
_____ ______
89,7 4*
C »*h...................................................................... ...
147,018
10,243,292
Or.

Stock ouuuadlag._________
........ ......... 3,50 \001
9‘oek In treasury , .............
________
300,000
First mmmugti
bonds
.......---- , .....
........ ......................... .. ... . 3,600,0*O
Ocupoti. eutaote Ju 'y 1st....................................
BUI* p a y a b le ..................
June pay rolls, Ste ...............................

Proflt and loss........................................ ...
Total ...........
- V. Oi, p. 556.

»0.365
219,690

773.321

. ................... 10,243.282

Toledo & Ohio Central Hallway.

1,201,088

31.392
72.571
103,395
132,836

10,131,300

5,300.000
So >,i(00
3,000,000
9 1.915
192,210
16 *.8ia
11 *.303
729.988

701,45*

Tons moved

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

2,263.579

Ton* mored one m ile .......... 276,500.217

Bate per ton per mile..........

-322 op*.

569,190

15,057,195
1-921 era.
2.21. >.9 >7

286,090,523

-563 eta.

Deficit,.
..........-...................................................... $49,293
“ The report allows the operating cost tube 53-74 per cent
o f gross earnings, excluding taxes, and 59-73 per cent includ­
ing taxes: the taxes being therefore at the rate o f 7 04 per
cent of gross earnings. A note states that ‘ all the extra­
ordinary expenses incident to the strike hav-i been charged to
operation.’ Mr. John Lowlier Welsh, President of the Union
Traction Company, stated that the result of the nine months’
business of the three companies comprising the Union Trac­
tion system showed a loss of $1,045,346, but that the dividends
which have been received from securities owned by the com­
pany overcame nit of this except the deficit of $49,393 shiwn
in the report." V. 63, p, 811.

GENERAL

IN V E S T M E N T

R ailroads and M lsoel. Go *s.

The stockholders hel l their annual m ating Sent. 7 at
Toledo, and two directors won* elected, C, Lsdy/ird Blair, of
New York, and Charles T. Lewis, to serve three years.
The pamphlet report has not yet been issued, but the re­
sults for ib« year 1"Sl-v<5. compared with previous years, show
as below. The passenger earnings o f last year show an in­
crease of 29-06 per cent over those of 188"). There was a fall­
ing off of 8-30 per cent in the frright earnings o f the road, but
the gross earnings show m increase o f 2-13 per cent.
The operating expenses were increased 2 19 per cent. This
includes the improvements which have been m ids on the line
during the year. Heavier *t»- 1 rails have been laid, new
depots have been built and considerable new haliaat has been
put in on the Western division. These expenses are not usu­
ally included in the operating expenses.
1996.
189*.
1895.
No. «f po,*. utrtird 1 mile. . 19,115,118
Rat * per pa*,. pwr mip, ___
2 01". St*.

$31,940

NEW S.

Beoror&nizftUo&s, Etc. —Latest Data as to Defaults, Reor­
g a n ize im Planst Payment o f Overdue Coupons, M e.—All
1O.131.3C0 acts of this nature appearing since the puhiicati m of the la-fc
issues of th * Investors’ and Street R ailw ay Supplements
may fya readily found by means of toe following index. This
index doe’*not include matter in to-day’s OHHOjflCLE.

(Rfjnrt for the year ernling June SO, lS9*i.)

Number o f pa*sVr-» carried.

(For Blue mouths apportioned to June 30, 1996, including
those accrued but not due.)

515,001
12.09i.439

2-202 «t*.

J ,950,013

21.3,516.758
■802 *;ts-

RA U .R O A 0 8 AND M ISO EL. GO'S.

V‘M hm e 63 —
P a g e.
Og'i, A L. Ob am,....com, and plan. 358
A tla n tic S h o rt L ine, . . . . . . .nut *->H. 3to
fio
thy ....... .i.re&ry. 4.02
Baltimore k Ohio.. *.ttmp. 152. l M t $ m O rm tm fm a ...d e fa u lt. 155; rm rg. 190
Carolina Knotv. k 'Western.. .mid. IM Oregon RR. k Navigation....... (n t. 311
Chmnpmko Ohio & Southw.. .mid. 18S OrJlh. L. V t'Lih S n .p h n t fe e f iv e . 358
Chester k Lenoir,, rmrtj., 227; m le. -40t ;. .Peoria Decatur it B r a n s » 6 8
Cb. w.
(W in
... k..—M,........
- , Cent*).I.coup,p>i. 402 i PhilmPlphi-i A flm M m . .M nee***. 2*9
Utn<rtnnatl Southern,..
1M, iffi i Port- Bornl k Amtmta. .......m id, 407
C olw n h m R o c k . V. & TM ... .p la n 228 Well. A West Pc Ter , final untie*. 339
Denver LakeWiKMt k Oolde-n .recer. 2W - Bt, Louis Gape Q. & F. N, 3. .fared . 407
K. Team. Va. & O n . ...S tm t non e*. 339 St LoiL k San Vr.tQ m *. A63: a w * . 311
Florida Mlttland. ...ea t* etmflrtm d. 31*7 . Smithern Land k Imp. . . . . . . . . mUi. 36#
Duhitn k Wtnnlpear.iM hi. »**: plan, ihj Summit Braneb R R ... ./o m i *uR. 33»
flmnd Rap, k Din..,»&*»*, 133; amp. 23# j T « W IIante & T^ganaport. - ..c *m, HU
Mmntm m. k W. Texas...... pHn. M9 Terre Haute k Peoria,............dtf. 407
Hii'Ishjii Tun Pel <3o ..............plan. 134 Tex* 8at»lne Val. k Northw. ,rt:cvr. 155
.coup,
Indlatia A- Like Michigan*.___ de-f. 407 ; UntcmPacific..,.................
Pacific..,.---- . . . . . . . ..e
n m . im
tUH9«AsM H U m d. ................. ferect. 22-* rto
do
4 o ..........
. . . . . . . .ddef.
e f .oonnee. . f.3
f . *3*.
. f 0?
Lc*aiitfi1ia N. A, k ChtfMgo,. .r#«r. 357 UnR-M
*’ " “ Coai.......
‘
' rr d . 230
. ------- - fo
flo
do
4“
— com. 402
Memphisk Charleston ......... rmrg, til**
Str e e t R a il w a y s .
Mexlesa National..... ptniliv.
358 Volume
03Page.
Mextern 3on s.Itera. • ........ plan. 2®* Aflrian CH y K lcctrlc B elt. - .. -#4le. 401
rL an tin e Trmwtt.................
T ra n sit.. . . ----------.rm ra. 310
w 7r.’ i j B
nrivxntme
V o lu m e 0 3 —

Page

Americ in Wnktsr Wor ks....... rmrg. m 3

‘ * ............

■- - *

“

reevr. 401

aJ S Weitern
i s S.......co-up
a S pur.- IM
k .S
W Rahway
5 S t is
a m.«w ,name..
Detroit
.........

Norfolk k

Norths,
do

404

K in gs C ou nty Bl. (B 'k ly n ).. ,r«evr. 402
L a Ang-eics fC aU B y . . . . . . . . .mU. 402

W. S.
El*(Ch’gO).coup. 310
S3 Metropolitan
«— •"»-»
-^

do ... .t o s t fm esr.u a , 358

THE CHRONICLE.

458

[VOL. L X IH ,

I’heraw * Chester RIL—Lancaster & Chester Ry.—

Re- from time to time, bonds to an amount not exceeding
organized Company.—The officers of the Lancaster & Chester §2:750,000 on such time and upon such rate of interest as the
Ky. Company, formerly the Cheraw * Chester RR., are as directors m iy determine, to provide means for the payment
follows: president. Leroy Springs, Lancaster, S. C .; vice of §2,250,000 4J^ per cent bonds maturing S >pt 1, 1897, and
President, Auditor and Manager, W . H. Hardin, Chester, S. §500,000 6 per cents maturing Oct. 1, 1897.— V . 63, p. 229.
Florida Midland R It.— New Company.— This road, for­
C .; Treasurer, W . Ganson; Secretary, R. C. McManus,
merly the Florida Midland R y., is now operated by the pur­
all with office at Lancaster.— V . 62, p. 1177.
.— P aym ent o f Bonds.— chaser, M. E Bishop.— V . 63, p. 357.
The $349,000 Nebraska Railway bonds duo Oct. 1,1896, will - F ort Wayne fonsolidated Street R y.— Receivers Appointed.
he paid at maturity at the Assistant Treasurer’s office, Sears — Oa Sept. 8 J. H . B iss and M. S. Robison, D.rector and
Building, Boston. An equal amount o f Burlington & Mis­ General Manager, were appointed receivers of this property,
souri in Nebraska consol. 6s can be issued, hut it lias not yet on motion of the President, John J. Shipberd and Director
been decided whether they will be. This is the 'ourth pay­ F. Da Haas Robison, of Cleveland. The M. J. Dagaon Con­
ment of maturing bonds this year, the other loans having struction Company filed a lien of §86,000 against the property.
been paid as follows: Jan. 1. §517.500 plain 7 ner cents : Feb. The embarrassment, it is stated, is but temporary, and is due
1, §810,000 Quincy Alton & St. Louis 5s ; June 1, $t»9,000 to the fact that, ow$ig to the prevailing depression, the com­
Omaha & Southwestern 6s. making a total for the year of pany has not been able to sell its bonds and so provide for its
§2,405,500. On the other hand to June, 1896, there had been floating indebtedness. It is not thought that any reorganiza­
issued this year §2,247,009 consol. 7s of 1873. V . 62, p. 987,
tion will be necessary. Toe earnings have shown a surplus
&
Co.—Earn­ over the fixed charges.— V . 61, p. 1107.
ings,— Earnings of the Chicago company (Union Stock
Fort W o rth & Denver City R y .—Status.— The application
Y ards & Transit) are reported as follows :
for the discharge of the receiver, it is confidentlv expected,
-ill J>3 favorably acted upon by Judge Green at Fort Worth
i'e n r t e n d . J u n e 3 0 —
Gross receipts.
Oper. exp.
Jfet receipts,
1 8 9 6 ...................................................$ 3 ,4 42 ,2 6 3
$ 1 ,3 6 1 ,8 3 0
* " 103 1.46 at the October term of the Court. It is thought there should
1895 ................................................. 3 ,3 3 4 ,5 5 9
1 ,251.412
l j 9o!749 then be no further delay in carrying out the plan of readjust­
1 8 9 4 .................................................. 2 ,9 1 7 ,3 6 8
1,126,618
The directors of the Chicago Junction Ry. & Union S :ock ment and paying the June coupon. The committee has
Yards have declared a quarterly dividend of
per cent on sufficient funds to pay the June and December, 1896, coupons.
— V . 62, p. 1085.
preferred stock, payable Oct. 1.—Y . 61, p. 1010.
Georgia Southern & Florida Ry.— F irst Dividend.— This
Cleveland
Chicago tit
Wabash
Louis & P a d
— Cairo Division Receipts.—Distribu­ company has declared an annual dividend of 4 per cent on
tion.—Messrs. J. S. Morgan & Co. give notice in London to the first preferred stock for the year ended June 30, payable
the holders of the surplus assets receipts of the old Wabash November 1.— v. 62, p. 908.
St. L & Pacific Ry. (Cniro Division) that the receivers have
Houston B elt & M agnolia P a rk R R ., Houston, T ex .—
released to the trustees and bondholders committee of that Foreclosure Sale —This road was sold in foreclosure Sept. 1
company the §287,000 of Cleveland Cincinnati Chicago & St. and purchased, it is said, by M. Y ou n g, of Chicago, 111., for
Louis (Cairo Division) 4 per cent gold bonds held by them as §10,000.—V . 62, p. 320.
collateral. These bonds having been realized on, Messrs.
Iron Car Equipment Co.— Plan Affecting Special 5 Per Cent
Morgan & Co. are now prepared to make a final distribution Trust Car Bonds.— The bondholders’ committee, consisting
of about §30 per §1,000.—V . 63, p. 310.
of John Crosby Brown, W illiam A Read, W illiam H. Mala,
— Official E. Scofield and H. A. V . Post, has adopted a plan for raising
Statement.— With official drta now at hand it is possible to the money necessary to equip the cars of this trust with air
revise the statement already published regarding this new brakes and automatic couplers, as required by United States
electric road, which parallels the Lake Shore & Michigan statutes A majority of all th9 bonds has assented to this
Southern RR. in the neighborhood of Cleveland, The line plan. Immediate deposit of bonds with the State Trust Com­
owned by the company extends from the village of Eiclid, pany is requested.
Ohio, through the villages of Wickliffe, Willoughby and
The com n ; ttee iu a circular states the following facts :
Mentor to the city of Paiuesvilie, a distance of 20 miles. At
The net earnings ot the cars socu-ing the above obligations averaged
Euclid connection is made with the line of the Cleveland permonth in 1892 $16,711, in 1893$ 2,059. in 18 <4 $3,892. in 1895
Electric Ry. Co., whose employees, it is expected, will $7,546. These earnings were sufficient to par $209,000 ot the bonds
eventually run the cars from Euclid to the public square at and the coupons to and ineluling July 1,1895. The earnings of the
last few months have been sosanall that they have just sufficed to p iy
Cleveland, a distance of 10 miles, making the entire distance the money borrowed for the January, 1896, coupons. To put the cars
covered about 30 miles.—V. 63, p. 356.
in thorough repair and equip them as required by law will require
$400,000. The special car trust obligations are outstanding to a lotal
Columbia & Maryland
— R eceiver A sked fo r C onstruc­ of $2,700,000, and they cover 1.593 box cars, 470 hopper bittoui coal
tion Com pany.— At Baltimore, on Thursday, upon application cars, 1,177 gondola coal cars, 388 drop-bottom coal .cars and 304 flat
of several creditors, including the Westinghonse Company, oars, in all 3 9J2 car*. The cars were formerly operated under guar­
contracts which iusured sufficient earnings to pay principal
Judge Dobler, in Circuit Court No. 2, granted an order requir­ anteed
and interest o£ the bonds, but the ieadiug roads usiug the ears
ing the Baltimore & Catonsville Construction Co. to sh >w have gone into the hands of reoeiyers, who have “ invariably vacated
cause on or before Sept. 14 why the company should not be the contracts.” The committee has consequently had to run the cars
plac d in receivers’ hands. The company, it is stated, has on a simple mileage basis (the rate for which has b sen reduced by the
railroads 20 per cent) and to bear the expense of all repairs.
expended about §1.000,000, and has incurred obligations
New Securities.— The plan provides for the sale of all the
amounting to $300,000, of which §200,000 is due the Westinghouse Eiectiic Co. It is alleged that the assets of the con­ equipment to the Express C jal Line, a corporation of the
struction company— the securities of the Columbia & Mary­ State of Georgia, which shall issue :
Class A Mortgage gold bonds, subject to call at par, payable $15 000
land RR.— are amply sufficient not only to pay all indebted­
July 1, 1897, aud thereafter each January and July, like inst ilmiats
ness, but to furnish means to complete the contract, provided increasing
$1,00 0 to $3,009 yearly, the last instalm mt of $2o,000
the assets are not forced upon the market at the present time. maturing January 1, 1907, sai 1 bonds bo trine interest from Jauuiry
Mr. Henry Stockbridge, Jr., for the Construction Company, 1, 1897. at 6 per cent per annum, payable semi annually—total issue
$400,000.
claims that a receiver is not necessary.— V. 63, p. 356.

Chicago Burlington A Quincy KK

Chicago Junction Ry.

S'.

Union Stock Yards

Cincinnati
Be Ry.

St. Louis Ry.—

Cleveland PainesvilleA Eastern (Electric) RR

RR,

Columbus Hocking Valley & Toledo RR — Mortgage au­
thorized.— Official Explanation— The mortgage .securing
§30,000.000 of 4 per cent gold bonds for refunding purposes
was unanimously approved by the [stockholders on Tuesday
the 8th inst. The bonds to be issued at this time amount to
something less than §2,500,000 and are issued only in exchange
for branch line guaranteed securities ard securities inithe
treasury, thus making these treasury securities available
for future needs of the company. W e learn that there will
be no necessity of effecting a sale of a block of the new bonds
until arrangements are made to pay the first mortgage 7 per
cent bonds maturing in October, 1897, at which time a suffi­
cient amount of the new securities will be applied to this
purpose No further issue of the consol. 5s, it is stated, will
be made, flip plan for making the new mortgage was given
at much length in the C h ron icle of Aug. 8, page 228. It
,r’
1 i his time, we are informed, in order that
the depressed condition of the market might facilitate the ex­
change of the branch line bonds.— V. 63, p. 228.

Class B Twenty-Year Mori. 5 per cent nim eum u. income gold bonds

(subject principal and interest to Class A), payable January 1,1917,
interest payable January and July out of the current net earnings of
the oars after payment of the current amounts payable on Class A,
and the principal payable only out of the proceeds of said cars and
any net earnings not applicable to the purposes aforesaid—total issue
$.’,700,000.
Application o f New Securities.— The §410,000 Class A bonds
are to be used to make the necessary changes and repairs on
the cars, aud the S2,700,000 Class B bonds are to be given in
exchange, dollar for dollar, for the special car trust obliga­
tions. The Express Coal Line agrees to operate the cars,
paying the expenses thereof, and to turn over the net revenue
to the State Trust Company for the benefit of the bonds. In
case of any deficiency to pay the principal of the Class B
bonds, the Express Coal Line is not to be liable therefor.

Kansas Ciiy Pittsburg & G u lf R y .—Progress ivith Con­
struction.— The report that construction work on this road
south of Shreveport, La., was to be suspended is denied.
General Manager F. S. Hammond states that track-laying
will reach Sabine Parish about Sept. 15 and the grading from
Colnmbus Southern R y.—SafeP ostp oned.- T h e foreclosure
there to Lake Charles will be pushed with all possible vigor.
63 p 857
*ias “een postponed for ninety days.— V . Track-laying from Lake Charles and Beaumont north will
commence as soon as grading and bridges are finished.
Detroit Lansing & Northern R B .- S a ’e - T h e sale of the Contracts have been made with the Cambrii Iron Co cover­
Detroit Lansing & Northern, under the mortgage of 1877 ing shipments of 12,000 tons of rails from Johnstown, Pa.,
and the Grand Rapids Lansing & Detroit, under its mort­ for Lake Charles delivery.— V .6 3 , p. 357.
gage of 1987, is advertised for Oct. 20. It is understood the
Louisville & Nashville R R .— Nashville Chattanooga &
system will lie known as t e Detroit Grand Rapids & Western
St. Louis Ry —Paducah Tennessee & Alabama, etc.—Official
i s i«rM rganlZot'I>OD
was eiven in the C h r o n ic le of Feb.' Circular.— A t the annual meeting of the stockholders of the
iof lmHJ, page 319.— V. 63, p 683.
Nashville Chattanooga & St. Louis at Nashville on the 9th
Fitchburg R 9 .— Refunding Bonds. - The stockholders will inst., action upon the proposed lease of the Paducah Tennes­
vote Sept. 30 on a motion to authorize the directors to issue, see & Alabama and the Tennessee Midland was postponed for

THE

S epttmbbr 12, 1898.]

CH RO N ICLE.

459

Old Colony RR.—New York New Haven & Hartford RR
—New Bonds, Etc.—The stockholders of the Old Colony RR,
at their annual meeting Sept. 29 will vote on a motion to
authorize the issue of 83,000,000 bonds, and to consolidate
with the Fall River RR, Co. Six per cent bonds for $1,100,000
matured Sept. 1, 1896, and a $175,000 mortgage note wss also
The P. T. A A. amt Tuan. Midland roads. 251 miles, with ali o f their to mature in 1898. To provide for these, however, 83,000,000
rolling stock, and property o f all kinds, iaolu diok valuable terminal bonds were authorized a year ago. The new bonds now to
faetiities at Mein his and Padaeah, wore culretuwe! by the L. * N B. be voted on are presumably in part to refund at maturity the
Co. for $*,0 0 ,0*9 . equal to -J12, 6d per mile. to addition to a val­
uable local traffic, they, in connection with the S', C. * St L. Railway, 83,000,000 plain 6s due Aug. 1. 1897, the $400,000 plain 4}.£s
occupy a favorable position to com pete for She tratlie pisslotr between due Dec. 1, 1897, and the $200,000 long notes due March 1,
Paducah and points tieyontl. Memphis and points beyond, and 'fash
1897. The Fall River RR. on June 30, 1895, extended from
vide, Cbattaruiigo, Atlanta, and all p ints beyond. The location of
the roads m ices them a natural connection o f the N. C, & St. L. Ry., fall River to New Bedford, lS 'i miles, and had outstanding
$200,000 stock and $200,000 of 5 p-r cent bonds. It was then
tweii- sttonabty adding largely to its strategic strength.
Paring the years that the L. & X. and S . 0 & St, L. Ry. Oo’ .s have leased to the N. Y , N. H. & H. RR,— Y. 63, p. 358,
been negot iation: fo r these properties it was contem plated that if a c­
Paducah Tennessee & Alabama RR.— Tennessee Midland
quired they would be made a part o f the S .C . X St. L. Ry, When,
therefore, for tin..Bci*1 reasons, It was .1. ide«l that the L & X. RR.
RE. —Redem ptionof Bonds.—As a matter of reewd the fol­
Co. purchase the properties, » lease o f the same to the X. o . ,s St. L. lowing facts, which have been furnished us unofficially, are
B y. at a rental based on Interest upon the actual cost was agreed
upon, in e a r opinion, had these properties been ae«i tired hr the Illi­ valuable:
ninety days. An official circular explains at much length the
reasons for acquiring the properties, which it is said were
lik e ly in connection with other roads to become dangerous
competitors. The reasons for leasing the newly-acquired
pro per (ies to the Nashville Chattanooga & St, Louis are a lso
fully stated. The circular says in part:

nois Centra! Rit On, and the tine extended to Nashville, it would
have rendered she stock o f the Si. C. & at. L. Ry. valueless.—V. 62, p.

U 7S; v. fid. n. 229.

Metropolitan (Street) RIL, (W ashing! Ob, I). C. ) —Debt

Both roa.ta were sold muter fureotom re aroeeeding* on Out. IS, 1345,
to .1 . w . Phillip*, representing the bondholders, for th e sura o f 31,nep.COO. L ite r on the purchaslm ; com m ittee sold the roads to theLmiisvi It* ,v Nashvi te
J. H Watson ao>l J. a . Olotnth are spe dal m asters in chan cery at
Memphis, Tcnn.. for the JWtteree-: ■('. U’tatl a n ,, and they redeom the
bouito which were not d*posited with the piircUasinij c o u in lite e at
* 6 1 2 5 4 fo r »*»ch bond, with all p u t -d u e ootipoa* a tta ca o l. The
hoi ere o f receipts « » i o tire pureh »*loe oom m ittee, bretied by the St.
te'u l- T rn -tC o . o f Si houls. w ere paid Jane 15, l*9i>, S * t0 «S for
i-.ioh *1.000 bond with proper enapons attsi.-bed. sa d the said St.
bonis T listCi). sitlt hold* $30,030 to the credit o f the reoaipt holders,

Certificates to be Issued.—This ctrupaiiV, it is elated, has de­
cided to issue £250,010 in 8 per cent certificates for the pur­
chase of t quq meat.—V. 62, p. 84.
Middle Tennessee & Alabama By.—Reorganisation—New
Bonds—Construction—U- garding tins company, which is
expel.6P».
successor to the Dte«tar Chesapeake «ft New Orleans RR sold less
a . B. Lamb and J. R. Puny oar, special masters in n h an oeryof Mem­
in for< closure Jan. 2, 1898, we have the following facts :
phis. Ton!!., o f lb - Pnilreah Pm a r o se <* Manama UK. Oa., paid *399

>'U for each bend with proper coupons attache i. H olders o f certifi­
The statement that thirty-four mile* o f this road from the Al-tbama cates from the purchaslmt com m ittee. tosa.Nl by the St Louts Trust
State Mao northward are com pleted to not strictly accurate, Ti •• r e a l ! Co. o f 3t. Loui-, were pai l Juno IA, 1S9H. 6 6 (4 § t fur each $ t,0 J 0
isan te tan d ally com pleted firotp Fayetteville, Tennessee, to M adison's bond with recui.tr coupon* att tohod. and the * (Id St, Louis rru st Co.
Crons Roads, Alabama, a d to tice e o f approxim ately 32 tulles .Nego­ hold* *30,000 still due on the eertlttcatca reprosentlng the bonds of
tiation* are pending tor the com pletion o f the road from Madison’s this particular road, less expenses.
W i n Road* to
!tur, Alabama, being approxim ately 33 miles la
Fee also Louisville & Nashville item on p. 458 —V. 68, p. 1198.
addition. Considerable cooatruotlon work hi* been done npon the
road between Fayetteville, Tennessee, and Shelby vide. IVnne-xoe,
Quincy i nmhn & Kansas CMjr RR.—Omalla Kansas City
but at tiia ptesent moment the c»ott>i«Uon o f the m m e Is not under
segotian on . The 8 *t m ortgage secures bon * to the am ount of A Eastern RU.—R organization Notice.—Charles if. Bull, of
6350,000 in sold coin o f the United States o f the [iresen' atandutd of Quincy, III,, and Ward W. Jacobs, of Hartford, Conn., the
w eight and 8bisu*»a The bon a- are due upon October I . i » ) S . By
the tern * o f ttin bonds the flret ln»teim ei.t o f taterest txjoau e d oe Bond holders' Committee of the Quincy Omaha & Kansas
upon April 1. 1MM. but the same has nos yet been pthi. The bunds in City Ry. Co., announce to the holders of ihe non-preferred
question have all either been Issued or wul be very shortly !u carrying bonds of that company that the guarantee funds specified In
on* the terms o f (h.- reorgsidzutimt. Tke seeouit taorutage bonds ore
payable Is *oW coin upon October 1, 192.1, »u d am ount to tHJOOO for the syndicate agreement have been dep sited with the Guar­
each toile « f rsliw y com pleted, tw ins neveuty-aine miles In nil, antee Trust Company of New York, and that a call will soon
and tea r Interest from Oetober 1. H » t , u o tt October 1.
» t the be made for the deposit with said trust company of the trust
rate o f 3 per eerjtum per nnomn and thereafter »t the rate o f 5 per
eeotara fo r annum. It I* estimated that to carrying out the terms o f certificates representing said bonds, in accordance with the
The Quincy Omaha & Kansas City
the reor«AOte*lton »aeh bonds will M i e i w M to the omoimr o f reorganization plan.
about 4 7 9 0 ,000 . Much Use greater portion o f the state «n> new
will ultimately be merged into the Omaha Kansas City &
issued and the bnla> ce will bo Issued very shortly. TSte stock authortoed Is s i 5.0 o per mile upon 7$ mile* o f railroad, making the total Eastern.—V, 83, p. 190.
amonnit authorised Si .170.000. C o d e r the terms o f the re >rsaiiisttion
Rio Grande Sierra Mud re A Pacific BR. —Nub Company
p lan about SiO » Ooo o f such stock will be Issued to ibe creditors of in Mexico.—Th® Rio Grande Sierra M i Ire & Picifie, widen,
the s; mpany; th e balance has not yet been issued. ~ V . SO, p . -12.

Mobile Jackson Ac Kansas Clip RR.—Reported Sale o f
Bonds —Mr. frank B. Merrill, the President of the company,
who recently returned from Europe, ia quoted by the Mobile
Register aa saying that he has made arrange men! a with
foreign capitalist!! to take tie bonds of the road, and that
there is now no doubt that the road will be built. Right of
way is being secured. The cit zens of Mobile have subscribed
to tl2S,(N)0 of the company’* stock. The road ia projected
from Mobile to Jackson, M i*.—V. 82, p. 990,
fe w York Biscuit—Diamond Match.—In consequence of
the recent developments changes have boon made in the
direct or v of the Bucui? Company, though it is understood
that William II. Sh ore will continue as Pieeldent. The Chi­
cago Tribune says:
At a m eeting . ? the textril .<■( directors o f the Blucuit Company
Sept. *, the re-litnetnwt o f C e o v g o T . Sroirh a« director, o f J. if. Moore
* * director*r/<| second V ice-I're-i.lent a ttl o f S e o tg e P Johnson *
director .uul Tteaaorer were tmsfle-ed and arennted. 'ten r«e II Webster and Jaares 0 , Mm m i were elected tn ®.U the vaaaaeie* oawwd by
the r» *K ti&tlon* of M'- .-r*. sm ith and Johnson, Oeorste It Weh.-ter,
a form er partner o f P. l>. vrrnour and Ms repre-eDterltre. w.«*
•JeeredTreasurer. James I*. M»sun I* a Baltimore capltaltsr. 'the.
vaeaacy named bv the re*i<»a;ion o f J. H. M o»r« will lx- rtited Umr
on by the <dee- i o « o f a ;rep**»»at*M v« o f U to rse M (*aiSm»D. The
hoy rd o f ■ire, tors and on: . r- o f the Btecult (jampuny to made
»follow *: Wiijhun II, Moore, Pro*idem; IS-o r e J. Evans, Vice-■President;
George li W cb-ter, Treasurer. J. W. H
Caiabridiieiwrt. Mu.**.;
Tboma* 8. OlUve New T o k < ity, and James D Mason, li .1 Imore. It
Wilt be rcca. o-d that the Mason bakeries wore only recently acquired
by theonm tutiv. S o aotioo wa.« m kon on the alvidond u.te-ii.'n, hot
it I* acareeiy likely that It will be paid under azlslMig cood ltion -.

As ri gitids the Diamond Match Co , W. H. and J. U Moore
are stated to have handed in th*ir regignaiiona Sept. 2. W.
H. Moore was First Vice-President and a director. J. H.
Moore waa not a director but was Second Vice-President.—
V. 83. p. 401.
Norfolk

Virginia

Heath

A

S ou th ern

K B .— Mortgage

company, s u c c e s s o r of the Norfolk Albemarle
& Atlantic, fa* tiled a m o r t g a g e for $500,000 to the Guaranty
Trust Co, of New York, trustee of (be new bonds, $200,000
UKder the reorganization plan (V, 83, p. 90BJ will go to the
F ile d ,— 'T his

o ld b o n d h o ld e r s ,— V . 62, p . 1178.

Ohio Southern RR.—Payment o f June Coupon—Reorgan­
ization—The receivers, under a u t h o r i z jtiou of the Oour , are
faying at No. 40 Wall Street, room 04, the coupon due June l
on the first mortgage bonds. T h e plan of reorganiz »tion it
w expected will be announced next week, it will leave the
firsta undisturbed and pay o f f the car turns and floating debt
W J" assessment on the stock and second mortgage bonds,—

has a concession and subsidy from the M "do in G ryemment,
is now in course of construction by the Stern Mnire Con­
struction Co. The road is to extend from C m !id Iu irez in a
general southwesterly cour-w via tha S tn Bit* MAuatiins,
Like Guzman, Sabiasd and San Pedro mining regi m, to vi­
cinity of Casas Grandts, a distance of 138 miles. The char­
terer of the work is generally light, and it is expected the
line will be completed its en ire length ny June, 1897. The
road will run through a silver mining an L cattle grazing
region, and its further extension south through a timber
section ia a matter for future determination. The capital­
ization will probably be $40,030 a mite in stock and $20,000
a mi e in bond*. The promoters are Messrs. E. D. Morgan
& Co., Morton, Bliss & Co. and Ttighinan. Rowland & Co,
The New York offices are at 54 Exchange Place,
Sun I hern Ry.— Seaboard A ir Line, —New Order to Restore
Rates -A press dispatch from Augusta, G t , Sept. 10, says
that Judge Emory Spear has issued a mandatory order
requiring the Southern States Freight Association and Seabo. rd Air Line to restore the rates recently cut. The order,
it is stated, is based on the discrimination made, in violation
of the filter-state Commerce law, in favor of A'lanta and
against the rest of the State of Georgia.—V. 83, p. 407.
Tennessee Georgia * A tlan tic Ry.— Subscriptions to
Bonds— The promoters of the proposed railroad from Au­
gusta to Athens say that they have had exceptionally good
success in soliciting subscriptions. They are- not selling stock,
but are asking for subscriptions to bonds. Washington,
Wilkes County, it is stated, will take $10,000 in bonds, and
the county outside of Washington will take $70,000. Augusta
will take $200,000 in bonds in order to got the .shoos and gen­
era! offices, - “ Sivai ruh (Gt.) Morning New?.” —V. 83, p. 7$.
Third Avenue R it.— Right to Subscribe to SI 000,000 New
Stock.—The transfer books of the capital stock will be closed
from S 'pt. 16, at 8 o'clock p. ml , to Sept. 34, at 10 o'clock
m., to ascertain the et< ctrholders entitled to subscribe to
the first, issue of Ihe Increased capital stock, such issue
amounting to 10,000 shares,—V. 03, p. 401.
Wabash Railroad.— .1nmtal Meeting.—At the annual meet­
ing in St, L u is, S*pl 9. all the directors we e re-etected for
the ensuing year a* follow* : O. D. Ashley. George J. Gould,
Elgar f'. Welles, Henry K. Mcllarg, C. J. Lawrence, P. B,
Wycboff, S. C. Reynolds, Elwin Gould, Pbomts H H ubhard, John T. Terry, Russell Sige, C. C. M v S ie . Francis
Pavy. The reports of President Ashley and Vic -President
and General Manager R*msav, which were read, will be found
ori s subsequent r>ag‘>.—V. 83, u. 398.
“SrTreF other lfive»tfflO«I item* nee pane 403.

THE CHRONICLE.

4fiO

Reports aud Documents.
THE

WABASH

RAILROAD

COMPANY.

Gross Earns, per mile..
Oper. Expens, periuilo.

1895-96.
$6,614 58
4,773 58

1394-95.
$6,179 52
4,609 40

lac. or Dec.
T. $435 06
I. 164 18

Net Earns, per mile.

$1,841 00

$1,570 12

I. $270 88

E AItN IN G S.

SEVENTH ANNUAL REPORT—FOR THE FISCAL YEAR
ENDING JUNE 30, 1896.
The traffic operations of the fiscal year ending June 30th,
1896, are as follows :
Gross Earnings.................................................................... $12,807,142 68
Operating Expenses (72-10 per cent)..............................
9,242,604 69

[V o l . LX1II,

P. ot\

1885 96.

Freight............... 66*22
Passenger.......... 25-30
M a ils................. 3*56
Express............ 2*45
Miscellaneous... 2-47|

$
8,480,551
3,239,976
456,097
313,855
316,661

Total............

P. Of.\
51: 66-33
82 25-02
31 3*45
54 2-7*1
50j 2*46

$3,504,537 99
140,739 5b

Deduct Balance Joint Traok Rentals aud Miseellan's..

$3,705,277 55
417,254 50

P. Ct.

$3,288,023 05
519,678 23

$
41-88 3,871,216
.1-01 2,496,141
18*41 1,701,055
10*13 936,644
2*57 237,547

Net Earnings applicable to Interest.......................... $2,768,344 82
Interest on Bonds...... .......................................................
2,701,545 00
Surplus...........................................................................
Deduct 1 per c nt paid on Debenture A Bon ds............

$66,799 82
35,000 00

Net Surplus....................................................................
$31.799 82
As compared with the operations of the previous year, the
following changes are noted, viz:
In Gross Earnings, au increase o f......................................... $847,303 56
In Operating Expenses, an increase o f ................................. 321,574 96
In Net Earnings, an increase o f............................................ 525,728 60
In Miscellaneous Receipts, an Increase of............................ 10,345 02
In Balance of Joint Track Rentals, etc., an increase o f___ 51,478 8 i
In Net Receipts, au increase of............................................... 484,594 77
In Taxes, an increase of........................................................ 11,885 22
In Net Earnings, applicable to Intorest, an increase o f___ 472,709 55
In Interest on Bonds, a decrease o f....................................... 136,996 68
The foregoing statements give in a condensed form the
result of traffic operations during the past fiscal year.
Further details will be found in the reports of the VicePresident and Auditor. These furnish, it is believed, all
the information of any practical use to stockholders and
bondholders.
It is satisfactory to note a steady improvement since the
years of depression, 1893 and 1894, and consequently an in.
crease in profits amply sufficient to meet all fixed charges
and to leave a moderate surplus.
During the year the refunding of the $9,000,000 First
Mortgage bonds, referred to in the last annual report, has
been successfully accomplished, and the financial status of
the Company is now more in accordance with the conserva­
tive spirit of the times.
The Joint Traffic Association, of which the W abash Com­
pany is a member, embraces all of the trunk lines between
the seaboard and the terminal points of Chicago and St.
Louts, and north of the Ohio River, except three or four of
the intermediate lines. Its operations since January 1st
have demonstrated to the satisfaction of all the companies
interested the entire practicability of maintaining estab­
lished rates. The lines not yet included are disturbing fac­
tors in the situation, although professing to maintain the
rates of the Association. Strong influences are at work to
bring these outstanding lines into membership, and it is
hoped that these efforts xvill be successful. It is obvious
that the owners of railway property are vitally interested in
sustaining a movement designed to remove the demoralizing
practices of rate cutting and unjust discrimination.
Railway transportation has not, thus far, derived the
advantages from the immense corn crop of 1895 so freely
anticipated. This is to be attributed mainly to the low
prices which have ruled in the markets, and which still
prevail.
W est of Chicago and St. Louis the rate situation is not
encouraging, and the efforts to secure an earnest co-opera­
tion between the competing lines have not been suc­
cessful. So long as this suicidal policy prevails, railway
traffic in the territory west of the gateways named will be
demoralized and unsatisfactory. To a certain extent this
unfortunate persistence in unprofitable competition, affects
rates to the seaboard, and extensive systems of transporta­
tion are thus laid under contribution, as the consequence of
what seems to be a senseless struggle.
The pending Presidential election naturally brings hesita­
tion and rlulness in all departments of trade and industry
and tins influence is likely to continue until the questions
at issue are definitely settled. I f the result to be announced
in November is such as to give the financial and commercial
interests of the country confidence and hope, there is every
reason to believe that a more favorable prospect will at once
open up to the agencies of transportation.
For the Directors,
N e w Y o r k , August, 1896.

O. D. ASHLEY, President.

\\ e give additional extracts from the report of Mr J
Ramsey, Jr., the Vice-President and General Manager.
EARNINGS AND EXPENSES.
1895-96.
1894-95.
Inc. or Dec.
Gross Earnings........... $12,807,142 68 $11,959,839 12 I.$847,303
56
Operating Expenses... 9.242,604 69
8,921,u29 73 I. 321,574 96
Net Earnings.......... $3,561,537 99 $3,038,809 39 I.$525,72860
Per Cent Operating E x­
penses to Earnings..
7217
74-59
D. 2-42

Conduc’g Transp’n
Motive Power.......
Mainten’ce o f Way.
Mainteu’ce of Cars.
General Expenses.
Total.................

189495.
$
7,932,816
2,992,635
412,819
327,647
293,919

Inc. or Dec.
38
91
72
44
67

*

1.547,73513
1.2 47,340 91
T. 43,277 59
D. 13,791 90
I. 22.741 83

12,807,142 68! ........ 11,959.839 12!I 847,303 56
EXPENSES.

Net Earnings................................................................
Add Miscellaneous Receipts, Interest, Dividends, etc..

Net Receipts.................................................................
Deduct Taxes......................................................................

1

1895-96.

P. at.

31 43*01
OK 28*00
00 16*41
86 9*89
46 2*69

.....

1894-95.
$
3,836,742
2,497,559
1,464,215
882,526
239,985

Inc. or Dec.
26
51
80
77
39

$
r. 34,474 05
D. 1,418 45
1.236,839 20
I. 54,118 09
D. 2,437 93

S,921,029 73! L 321.574 96

The foregoing statement shows that with an increase of
$847,303 56 (7-08 per cent) in revenue from traffic, there is an
increase of $321,574 96 (3-6 per cent) in operating expenses,
and an increase of $525,728 60 (17"3 per cent) in net earnings
from traffic.
A n examination of statement “ E ” [in pamphlet report]
which gives in detail all the principal items of expense for
1896 compared with the previous year will show that the en­
tire increase in expenses has been due to the improvement
of the properties, and that the cost of moving and handling
traffic has been less than for 1895, although there was an
increase in “ Tons carried one mile of 117,709,155 tons (10-7
p. c.) and “ Passengers carried one m ile,” 19,494,150 (14 p. c.)
The increase in the amount expended upon repair of equip­
ment and improvement and additions to property were :
Real Estate puroliased...............................................................$ 18,004 44
Repairs, Locom otives.............................................................. 59,725 61
New Machinery in Shops.......................................................... 12,694 25
Repairs of Oars, Freight and Passenger................................ 50,769 37
Maintenance of Way.................................................................. 237,839 20
Total.......................................................................................$379,032 88
The cost of train service, including train men, engineers,
firemen, fuel and supplies for locomotives, etc., with an in­
crease of 171,120 miles (1-53 per cent) in train mileage,
shows a decrease of $96,262 95.
Statement ‘ , F ” [in pamphlet report] “ Train and Mileage
Statistics,” shows a decrease in the average earnings per ton
mile of 0-025 cents, a decrease of 0 ’040 cents in expenses per
ton mile and a gain of 0-015 cents in net earnings per ton
mile. This increase in the net earnings per ton m ile, with
an increase of 1,675 tons per train mile, gives a net increase
of 5-61 cents per train mile.
In passenger traffic there is a decrease of 0-108 cents rev­
enue per passenger mile, a decrease of 0-151 cents in ex­
pense per passenger mile, and a gain of 0-043 cents in net
revenue per passenger mile.
Since January, 1896, special attention has been given to
the train service, both freight and passenger, with a view to
securing a m inim um of train mileage and a m axim um of
train loads. The results of these efforts during the last
months of the fiscal year have been such as to foreshadoxv
very gratifying results for the current fiscal year, provided
that there is not such a fall off in traffic as will nullify all
practicable efforts for economical operations.
Fuel contracts have been made for the ensuing year
which, combined with careful supervision of its consump­
tion, ensure a decrease of at least $80,000 in the cost of fuel.
The increase in allowances for United States mails, effec­
tive July 1st, 1896, will amount to $120,000 for the ensuing
fiscal year.
CAR DEPARTMENT.
On June 30, 1896, 3,211 freight cars, all classes, were
equipped with automatic couplers and 1,585 cars with air­
brakes. Under the provisions of the United States statute,
all cars engaged in inter-State commerce traffic must be
equipped with M. C. B. couplers and air-brakes by Jan. 1,1898.
There remains of the W abash freight equipment, 10,836
cars without air-brakes and 9,174 cars without M. C. B.
couplers. O f these cars a number will be condemned before
the date fixed by the statute, and a number of others will
be confined to State traffic, as on account of their age and
capacity the expense of applying the couplers and brakes
would not be justified. It is estimated that there would be
7,000 cars to be fitted with these appliances, at an estimated
cost of $425,000.
A ll freight equipment is now equipped with grab irons,
and has been brought to the standard height for drawbars,
as required by the same law.
Our passenger equipment is all equipped with automatic
couplers, air brakes, air whistle signals, and a large portion
xvith Pintsch gas for lighting.
Five hundred 30-ton 34-foot standard box cars were con­
tracted for in March for June delivery, but through unavoid­
able delays delivery was delayed until after the close of the
fiscal year. A ll of these cars are now delivered and in
service. Payments will be made in thirty equal m onthly
- notes of $7,024 96, the first falling due in August, 1896.

S eptember 12, 1896.]

THE

CHRONICLE.

C H I C A G O M IL WA UK EE & S T , PAU L R A I L ­
WAY CO M P A N Y .
THIRTY'-SECOND ANNUAL REPORT—FOR THE FIS­
CAL YEA R ENDING JUNE 30, 1896.

461

25—30 ft. Carriage Cars..........................................
1 Standard Postal Car--- _.....................................
One-fourth interest in 4o Sleeping Cars, being
the interest of the Pullman’s Palace Car Co.
in said cars at the termination o f the con­
tract with that Company, November 10th,
1890. Settlement made January 31st, 1896..
Air Brakes, Automatic Couplers and other improvements to rolling stock.............................

$15,263 73
8.291 07

103,860 60

264,001 33
SU M M ARY OF C A PIT A L E XPE N D ITU R ES.
The President and Directors submit to the Stockholders
The following expenditures (detailed statement on page
the following report o f the business and operations of the
Company for the year ending June 30th, 1896, and of the 31 o f pamphlet report i, representing additions to capital,
condition o f its property and finances at the close o f that have been made during the y ea r:
year.
For Equipment - .......................
$387,815 72
The operations for the year show the following results:
Real Estate.................................................... 11.009
84
Station Buildings at new stations.............
3.201
16
Gross Earnings ..........
$82,681,838 88
Additions to Station Facilities at old stations 13.466 01
Operating Expenses (including taxes)..................... 19,676,808M
Side Tracks—n e w .............................................. 56.753 10
Ballasting Lines not previously ballasted- 115,086 84
Net Earnings ................................................ $13,005,030 84
New Fences on parts of road not heretofore
Income from other sources..................................
64,837 13
15,814 26
fenced ..........................
Viaduct, Minneapolis.................
10,123 43
T o t a l.................................................................813,069,877 97
Fixed charges—interest on bonds. $7,611,928 18
T o ta l............................................................... $611,719 86
57,560 00 7,080,488 18 1
Premium on bonds purchased-----Balance above ail ch a r g e s .............. .......... $5,400,889 79 ]

C A PITA L STOCK

.AND

FUNDED

DEBT.

At the 0l08U*bf*Uie last fiscal year the share capital o f the
„ „ , .„ Company amounted to $72,184,161. and eon&isted.of $26,150,rw
900 of p M te W V to o k and $46,027,261 of common stock. It
rn^ti.1. - n .m » t v t has been increased during the year by $789,000 of preferred

n ,„a _,, . 1..

„„
rn fh
r)l m£ w r
,

n ' , T

" rn .

‘

* .......'

« c lia n g e for the sun., amount of convert­

e r t ™ ! ‘.v bL,i’ iV'i
rl r ’ i t 3 J * ! »*>!.* bonds canceled, and now amounts to $73,923,161.
et.nt on preferred and one per eent on common st«* U—
At t,le clo<<, of
(ast
year the funded debt o f the
from not earnings o f the previous fiscal rear, ending June Company was $139.321,000. There have been added during
30th, 1095.
the year $579,uortjof general mortgage four per cent bonds
MILKS OF T R AC K .
for additions and’Improvements to the property (as specified
The Company owns and operates 6,150-75 miles o f railway, in the statement on page 81 of pamphlet re]sorth and $183,m follows :
i 'WO of general mortgage four per cent bonds issued in exi hange for underlying bonds paid and canceled—total ad­
Main track owned solely b y this Company.. .6.139*62
ditions, $762,000.
Main track owned jointly with other Com­
There have been deducted $789,000 for convertible bonds
panies ................................................ . . . . . .
11-13
■6 150-75 received in exchange for preferred stock, and $183,000 for
. other bonds paid and can cel*)—total deductions $922,000,
Second and third tracks and connection
M2-56
] leaving the total funded debt at the dost, of the fiscal year
tracks owned solely by this Company
ending June 30.1896, $189.161,000-* decrease of $160,000
Second and third tracks and connection
g .^2
; since last report.
*
track* owned jointly w ith other Companies
_____I
1he amount o f the capital stock o f the Company per mile
: o f road is $11,866 73; t he amount o f the funded debt per
Tracks owned by other Companies, but used
fil-45 "b le of road is $22,645 55, on which the interest charge per
by this Company under agreements......... .
r mile of road is $1,288 68. The total capitalisation o f the
Yard tracks, Hidings and spur tracks owned
j Company ner mile o f road is $34,512 28.
solely by this Company ........................ .. 1,308-04
At tiie
f.i Hu
fiscal year the amount o f bonds in
Yard tracks, sidings and spur tracks owned
the treasury or due from trustees was $4,618,000. To this
jointly with other Companies......................
40-07
there hits been added during the year the following amounts:
----------------------- 1, 406-71
i $SO|,6O0 Dubuque Division Bonds, purchased for sinking
Total miles o f track.................... ............................. 7,834-89 fund purposes: $183,000 General Mortgage Bonds. $56,000
Wisconsin Valley Division Bonds, and $1,000 La Crosse and
Davenport Division Bonds, received from trustees for bonds
Tin- lines of rood are located as follows :
paid and canceled; and $570,000 General Mortgage Bonds,
In HUoois..............
317-88 miles representing addit ions and improvements to property during
the year: total. $1,138,000. There has been deducted during
W iscon sin ............. ...........................
1,047-79 “
the year $4,000 Wisconsin Valley Division Bonds; $6,000 IriIowa .........................................................
1,888*37 “
•come Sinking Fund Convertible Bonds, and $86,000 Dubuque
Minnesota ...................... .................... .......... 1.130*09 “
Division Bonds canceled bv sinking fund; and $1,104,000
North Dakota....... ............................................ 110*31 “
General Mortgage Bonds sold; total. $1,200,000. There re­
South Dakota..............
1,10106 «
main in the treasury or due from trustees June SOtli. 1N96,
Missouri....................
140-27 “
|bonds to the amount of $1,346,oflO.
M ich igan ...................
152*08 "
The bonds in the treasury, excepting those specified as held
Total length o f main track ........................ 9,130*75 miles for sinking fund purposes, represent actual cash expendi­
tures for extensions. Improvements, additional property,
No extension of the Company's lines has been made dur­ etc., out of the current cash receipts o f the Company from
ing the year. Th - track from Mather to Goodyear, in Wis- the operation o f its lines—which expenditures have not
cousin. and its two short branches, aggregating 18-07 miles been
]e m made good by the
. sale o f bonds, but the bonds issued
in length, has been taken up, as the timber which it w a s therefor are held id the treasury as stated,
built to reach is exhausted. A sufficient fund is provided
earnings .
out of charges to Operating Expenses to build a li ke number
The results from operation of your Company's lines during
o f miles elsewhere.
the year ending June 30th, 1896, compared with the previous
l year, show an increase of $3,346,45!) 09 in gross earnings, an
ROLLING STOCK.
increase of $8,033,054 95 in operating expenaes, and ap in­
At the close of the last fiscal year the Rolling Stock Re­ crease of $2,718,404 71 in net earnings.
placement Fund amounted to $366,610. During the past i The earnings from freight traffic were $33,887,980 06 —an
year the sum of $363,703 81 was added to the fund by charg­ ; increase of $4,909,667 17. or 25*87 per cent.
ing to Operating Expenses the cost o f making good the
The number of tons o f freight carried was 12,210,053—an
losses which occurred during the year: and there was ex ­ increase of 1,784,118 tons, or 16-55 per cent,
pended out o f the fund the sum o f $361,969 81 for actual re­ i The increase in tons o f freight carried was principally in
placements as follows:
the following commodities: Hour and mill feed. 78,588 tons:
It Locomotive*........ ..................
.. , .
$101 824 36 }
tons; barley. 106.830 tons; oats. 235.467 tons;
1. Standard Postal Car .1 ___ . . . . . . . . . . . . . . . .
3’201 07 I coro» 64>o22 ton*; fla x seed, 107,703 tons; other grains. 1,683
575 Box Cara, . . . ................ 257 888 9t; tonsl hay. 28,957 tons: iron and steel, 98,664 tens: manufac5 Flat and Coal C
a
r
a
.
"
~
l ’»30 42 t'ures* .<#.40® tons; forest products, except lumber, 133,534
~ •tons; live stock, 59.721 tons. There was no decrease in any
The unexpended balance of this fund now amounts to important item except lumber, which decreased 47.900 tons.
$258,406. and fc* sufficient to replace the .shortage, o f equip­
The number o f tons o f all agricultural products carried
ment (shown by statement on page 33 o f pamphlet report f, during the year was 3,846,426—an increase compared with
and will lie expended as needed.
the previous year of 1.05 ,680 tons, or 37-68 per cent. Agri­
There lias also been expended during the year, for now cultural products made up 81-50 per cent o f the total ton­
and additional rolling stock, and for air-brakes and auto­ nage, as compared with 26-08 per cent, of the total tonnage
matic couplers, as required by act o f Congress, and for of last year.
other improvements to rolling stock, the sum of $387,815 72,
The total number of tons o f commodities other than agri­
which has been charged to Capital Account, as follows:
cultural carried during the year was 8,863,629, as against

THE CHRONICLE.

462

7, 081, 106— an increase of 682,433 tons, or 8’88 per cent

the
|ht cent of total tonnage being 08'50 per cent, as against
|kt cent last year.
„ QQ1
The number of tons of freight carried one mile was 381,667,988— an increase of 616,432,436, or 34 92 per cent. The
revenue per ton per mile was 1-003 c e n t s -a decrease of -0,2
cents, or 6-70 per cent. The average miles each ton of freight
was carried was 195 06 miles—an increase of 26-56 miles, or
15*70 per cent*
The number of tons of freight carried per loaded car was
10-90, against 9’84 last y e a r -a n increase of 10-77 per cent.
The number of tons of freight per freight train mile was
167 08 against 152-16 last year—an increase of 9-81 per cent.
Tie- revenue from freight per freight tram mile was
$1-6758, as against $1'6859 last year—an increase of -'4 4 per
It is apparent that the increase in revenue from freight
was due principally to the increase in tonnage of agricul­
tural products, in consequence of good crops; and to the in­
crease of 26-56 miles in the average miles each ton of freight
was carried. These conditions were offset somewhat by the
decrease in the rate per ton per mile; and on the other hand
the expense of transportation was diminished by the in­
crease of tons of freight per loaded car.
The average rate per ton per mile received for freights,
for a series of years past, has been as follows, v iz .:
Cts„
Cts. Year.
Cts. Year.
Year.
1867.......... ........ 3-94 1877........... ........ 2-08 1887........ ........ 1-09
1
........ 3-49 1878........... ........ 1-80 1888........ ........ 1-006
1889........ ........ 1-059
1879...........
18R9
1870.......... _____ 2-82 1880........... ........ 1-76 1890........ ........ 0-995
1871........ .......... 2-54 1881.......... .........1-70 1891........ ........ 1-003
1873.......... .......... 2-43 1882.......... ........ 1-48 1892........ ........ 1-026
1873........ .......... 2-50 1883........... ........ 1-39 1893........ ........ 1-026
1874........ .......... 2 ’38 1884.......... ........ 1-29 1894........ ........ 1-037
1895........
1875........ .......... 2-10 1885..........
1876........ .......... 2-04 1886.......... ........ 1-17 1896........ ........ 1-003
The earnings from passenger traffic during the year were
$6.147,678 88— an increase of $294,897 72 over the previous
year, or 5-04 per cent. The number of passengers carried
was 7.427,614—an increase of 192,315, or 2 66 per cent. The
number of passengers carried one mile was 260,821,497— an
increase of 16,595,809, or 6‘80 per c e n t; the revenue per pas­
senger per mile was 2-357 cents— a decrease of -039 cents, or
1-63 per c e n t; the average miles each passenger was carried
was 35-12 miles—an increase of 1-37 miles, or 4-06 per cent.
EXPENDITURES.
In the expenditures pertaining to Maintenance of W a y
and Structures there was an increase over the previous year
of $671,258 05, as follows: Repairs of Track, $377,779 26; Re­
newal of Rails, $14,613 57; Renewal of Ties, $25,137 91; Re­
pairs of Bridges, $140,715 17: Repairs of Fences, $7,927 19; Re­
pairs of Buildings, $105,0S4 95. The item Repairs of Build­
ings includes $72,443 07— cost of replacement of freight
houses at Milwaukee, destroyed by fire August 22d, 1895.
New steel rails to the amount of 22,480 tons have been laid
during the year— an increase of 6,287 tons over the amount
laid during the year ending June 30th, 1895; and 2,021,806
cross-ties have been plaeecl in track— an increase of 84,301
over the number used in the previous year.
The expenditures for Repairs of Bridges include the total
cost of 56 iron bridges, aggregating 5,573 feet in length— re­
placing an equal number of wooden bridges; the filling of
about 3-9 miles of pile bridges with earth—289 bridges hav­
ing been completely filled and 158 reduced in length by
filling; and the replacing of 247 wooden culverts with iron.
The expenditures for Maintenance of Rolling Stock during
the year were $2,942,294 65— an increase of $856,985 19 over
the expenditures of the previous year on this account; and
include the amount of $362,705 81 charged to Repairs of
Locomotives and Cars to replace the loss of equipment dur­
ing the year, as stated on page 461, and also general repairs
of 361 locomotives and 14,233 cars.
In the items pertaining to Conducting Transportation,
there was an increase in expenses of $754,627 38, as follows :
Station Service, $149,004 71 ; Conductors, Baggagemen and
Brakemen, $191,796 84 ; Engineers, Firemen and Wipers,
$186.933 21 ; Train and Station Supplies, $23,321 66 ; Fuel,
$195,097 58 ; Oil and W aste, $3,852 36 : Trackage and Switch­
ing Charges, $5,121 07.
The payments of the Company for labor directly employed
in its service during the year were $12,460,923 03, as com­
pared with $10,979,624 29 last year, and for material and sup­
plies $5,820,736 58, as compared with $3,763,444 89 last year.
INSURANCE DEPARTMENT.
The last annual report of the Company showed
that the Insurance Department had a credit bal­
ance at the close of its fiscal year ending June
30, 1895, of ...................... .............................................$88,808 07
From which there was paid for fire losses prior to
that date.............................................................................
6,635 73

[Y ol .

$ 111,000 par value of bonds were purchased at a
cost o f ........................................................................................... $103,25000
Thus reducing the balance of cash t o ............................... 28,92234
To this amount add premiums received and due
for the year ending June 30, 1896............................. 81,826 71
The income from investments of the Guarantee
F u n d............................................................................................. 23,05500
Making a credit balance o f................................................... $133,80405
against which there is charged :
For adjusted losses to June 30,1896. .$83,556 38
For losses unadjusted, estimated a t . . 30,000 00
For expenses paid...................................... 1,861 34
For additional expenses,estimated at 2,000 00
Total debits............................................................. 117,417 72
Leaving a credit cash balance o f .................................. $16,386 33
To which add amount reserved for unadjusted
losses......................................................................................
30,000 00
And for estimated expenses............................................
2,000 00
Making the cash in bank June 30, 1896............. $48,386 33
For the year just closed the Railway Company’s losses by
lire were larger than ever before in a single year.
In
August, four of the Company’s warehouses at Milwaukee
and a number of freight cars and contents were destroyed
by fire; and in June, thirty-four freight cars and contents
were burned at Davis Junction. This last fire occurring so
near the end of the year represents nearly all of the unad­
justed losses for which $30,000 00 is set apart in the fore­
going statement.
For the current year, therefore, the Insurance Depart­
ment losses by fire will exceed its income from premiums
and from investments by about $12,536 01— assuming that
the amount reserved for unadjusted losses ($30,000 00) shall
be sufficient to provide for the Davis Junction fire.
Taking the whole operations of the Department since its
organization in February, 1893, its income has exceeded its
expenses and losses by $176,372 06, and the original Guaran­
tee Fund of $300,000 00 has been increased to $503,250 00,
which is represented by $521,000 par value of bonds as per
list below. The cash balance on hand June 30th, 1896, was
$48,386 33, against which there is reserved for possible claims
for unadjusted fire losses and expenses $32,000, leaving a
balance of $16,386 33 applicable to the $50,000 loan made
early in the year.
The Guarantee Fund of $503,250 charged on the Insurance
Department books is invested as follows :
$400,000 Clii. Mil. & St. P. Ry. Co. General Mortgage bonds.. .4 per ct
10,000
“
“
“
Consolidated Mort. bonds..7
“
2.000
"
“
“
So. Minnesota Dlv. bonds..6
“
2.000
“
“
“
La Crosse <fc D. Div. bonds.5
“
5.000
“
“
“
Cbi. & Pac. W. Dlv. bonds. .5
“
0,000 Dakota A Great Southern Railway Co. bonds........... 5
“
90,000 Kansas City Belt Railway Company bonds............... 6
“
$521,000 par value of bonds that pay a yearly interest o f........ $23,230
The Insurance Department property is represented on the
general books of the Railway Company by the nominal
charge of $ 10,000, that appears on the balance sheet, page
463.
For details of operation, reference is made to the state­
ments of the General Auditor, appended hereto. [In pam­
phlet report I.
By order of the Board of Directors.
R O S W E L L M ILLER,
A u g u s t , 1896.
President.
STATEMENT OP INCOME ACCOUNT JUNE 30, 1896.
Balance at Credit June 30,1895...........
$5,479,879 51
Par yalue of General Mortgage Bonds
received in exchange for Dubuque
Division Bonds purchased with Sink­
ing Fund of 1887 and canceled..........
56,000 00
Dividend payable Oct. 21,1895, from
net earnings of fiscal year ending
June 30. 1895. viz.:
3h2% on $26,156,900—Pref. Stook........
1% on $46,027,261—Common Stock....
Sinking Fund—Dubuque Div. Bonds...
Sinking Fund—Wisconsin Valley Divi­
sion Bonds.............................................
Sinking Fund — Income Convertible
Bonds......................................................
Less—Par value of General Mortgage
Bonds received in exchange for
bonds purobased witb part of said
Sinking Funds and canceled...............

$5,535,879 51
$915,491 50
460,27261
$67,100 00
25,170 00
80,000 00
$172,270 00
127,000 00
$45,270 00

Balance July 1, 1895...............................
Gross Earnings for the year ending
June 30, 1896........................................$32,681,828 88
Less Operating Expenses (including
taxes)..................................................... 19,676,808 04

Making the true credit cash balance as of that
date.......................................................................................
To enable the department to make a purchase of
securities for the Guarantee Fund, there was
Net Earnings.......................................... $13,005,020 84
64,857 13
borrowed, temporarily, the sum o f . ..................... 50,000 00 Income from other souroes...................
And from this aggregate sum o f ................................ $133,173 34

l x iii.

Net revenue for the year ending June
30, 1896..................................................$13,069,877 97

1,421,034 11
$4,114,8451

THE

September 12, 1896. i

CHRONICLE.

g-i,114,841 40

g lj. 06g.S77 71
Brought formant........................................
Interest aecrn ei during the year on
Funded D ebt................................... — $7,611,928 IS
Premium on Bonds start-based lo r can­
57,300 00
cellation. . . . . ..................................... ..
Dividend p ayable April 2 0 ,1 8 9 0 , from
net earnings or fiscal year ending
June 30, 1896, v i/,:
930,821 50
3*-2 'o o u g :6,5<Jl,S)dO—Preferred Stock.
920,545 22
2to on $46.027,201—Common Stock----

3 g lt e

3,510,023 07
S7,608,868 47

Balance at Credit June 30, 1890.-

G E N ERAL ACCOUNT JUNE 30, 1890.
Hr.
8211,830,735 42
Cost o f Road and Equipm ent ............*
900,460 12
Bonds, Stocks, etc., o f other C os............
Vice-President C. M. & St. P. R*y Co. In
Special Trust, fo r Dnbuqoe D ivision
and W isconsin Valley Division Sink­
059,850 00
ing Fund#........................................... .
New England Trust Co., Trustee, Du­
buque Dlvi*iou-antl W isconsin V alley
288 89
000,144 89
D ivision Sinking F u n d s.......................

M ilw a u k ee A

N orth ern

1,528 36
469 08
351,937 44

3 9 0 ,0 0 0 0 0
*

10,00000
1,846,511 30

Due from Agents and Conductor*
Due lrum Sundry com pan ies—Traffic
Balance*
Due frotu Sundry Companies - O perat­
ing Balance*
.....................................
MifH-- !ltU!roi!» B alances. .....
.Due from United State* G overnm ent.,
Cash on deposit and o n hand.................

a u .t

aum m o

*epiem ber....................... c.

1,089,000 00
4,770 00

4,560,770 00

240,057 81
109,473 51
134,808 53
805,974 20
303.352 95
5,593,019 35

7,252,280 35
8227,402.951 59

Capital Stock, Preferred.........................$20,395,900 00
Capital Stock, C om m on.......................... 40.027,201 00
Funded Debt.......................... .......... .
W isconsin Valley Div. Sinking F u n d ...
Dubuque Division Sinking F u n d ..........

300 00
059.734 89

Sinking Fund Incom e C onvert. Bund*.
B olling S tock R eplacem ent F u n d . . . . . .
Renewal F u n d .............................. ............

353,41*6 00
387,154 83

872,923,101 00
139,101,000 00
000,144 89
580 00
0 1 5 ,5 0 0 8 3

Pay Roll* and V oucher*...........................
D ue Sundry Com p'*—1Traffic Balance*..
Due Sundry Comp's -G o e r . B alance*...
M iscellaneous Balance*...........................
Dividend* Unclaimed..............
Intereet Coupon* n ot presented ...........
Interest Accrued, o o f yet payable, in­
cluding Interest due July 1st............ . .

e r c M

^ t n t e s .

EPITOME.

The result of the election to be held in Maine on Monday
is looked forward to by the business world with considerable
interest. European advices state that confidence in the main­
tenance of our present gold standard is general. This is
verified not only by a stoppage in the sales by Europe of
American securities but by a good export demand for many o f
our commodities. The action of the Bank of England in
raising its rate of discount % Per cent, presumably for
the purpose of checking the export movement of gold, had
very little influence—no influence on the gold movement to
America. A mandatory order compelling the restoration of
the cut in Southern railroad rates has been issued. Cotton has
advanced on poor crop prospects; the report of the Govern­
ment's Agricultural Bureau on the condition of the crop
showed the lowest average for a great many years.
Lard on the spot lias had very little call, and as offerings
have continued moderate prices have further declined, clos­
ing quiet at 3 60c. for prime Western, 3'35c. for prime Cityami 3-05c, for refined for the Continent. No business has
been transacted in the local market foT lard futures, but at
the West prices h a v e further declined under free offerings by
packers, prompted by a continued free movement of swine.
The close was quiet and easy,
»

3,497,000 00

UP,. C o. 0 %

Consolidated M orten, e Bond*, un
sold, lurid to the Treasury o f this C o ..
Stock o f the Company held to it* T res’y

m

Fr id a y N ight , Sept. 11 ,189 6.

SO,520,854 90

Insurance Departm ent.. .......... ...........
Stock uf Material and F uel....................
M ortgage Bond# o f the Company, un­
sold, field la It*Treasury, o r due from
T ru st**......................................... ...
..

© a m

COMMERCIAL

Balance fo r the year ending June 30,
1 8 9 6 .................................- ........... ........

United State* Trust Co., T rustee..........
Farmers' Loan & T ru ste e ., Trustee .
United States Trust Co,—D epository o f
Renewal Fund......................................

463

1.018,931 30
180,102 92
19,017 03
810,428 60
42,210 04
08,703 50
3,003.585 00

0,348,530 30
7,003.869 47

Incom e A c co u n t....

8227,4023*51 58

Watkins (.1. H.jLand k Mortgage,—Rereirer Appointed.
—At Topeka, Kan,, Sept. 4, Judge Poster in the United States
Ijisti ict Court, on the application of the Girard Life Insurance
Annuity Co. of Philadelphia, appointed M. Sunitnerfield and
J. B, Watkins, of Lawrence, and J, F. Switzer, of Topeka, to
be receivers of the J. B Watkins Land & Mortgage Co.,
whose total liabilities are placed at 14,250,000. The Girard
company holds $48,000 of the debenture bonds of the Witt kin.*
company, on which the interest has been defaulted since 1895,
J. B. Watkins, President of the company, is the principal owner
o f the Kansas City Watkins & Gulf RR. in Texas. Officers
of the Mortgage Company declare, that the present embarrass­
ment was caused by the dissatisfaction of a small number of
the stockholders, ovrr 90 per cent of whom wished to arrange
the trouble without the intervention of the court*.
Western Union T e le g ra p h .— Quarterly —The estimate*}
re venue for the quarter ending September 30, 1896, compares
with actual results in 1895 as follows :
3 month!
Wet
In te m t St
m l . Sept. 30.
revenue,
link. fu n d . Dividend.
1998 (estim ated )....*1 ,000 .600 *243.500 $ 1 , 1 9 1 ,9 0 0
1896 (actual;........... 1.-42,049
243,557
1,181.845

Balance.
s u r .f !« « ,s t o
*.ir. 407,147

Total surplus Sept. 30, 1896 (estimated). 87,808,234. against
actual surplus in 1895 of 87,854,623. Directors have declared
She regular 1% per cent dividend, payable Oct. 15, 1896.
The actual figures for the quarter ending June 30, 1896,
showed a surpiti* of 81,736 under charges and dividends. The
estimated sttrplu* (see statement in V. 62, p. 1098, was iOL,
700.- V . 63, p. 1098.
—At the annual meeting o f the stockholders of the Bank of
Bntiah North America the results of business for the year
were shown to have been nearly tire same as for the year
previous. A dividend at the rate of four per cent per annum
has been declared. The bank was established in 1836 and in­
corporated by Royal Charter in 1810, and has a capital and
reserve fund of £1,275,660.

p r io r s

Sat.
3-57

op

Won,
Hoi.

lard

T un .
3-00

to to r e a

Wed.
3*67

Ih u r.
3-00

Fn.
355

A moderate export demand has been reported for pork and
price* have ruled s*c-iwly. closing at $7 50.it $9 25 for mess, |9@
810 50 for family and 87 50@$8 50 for short clear. Cut meata
have had a limited call at steady prices, closing at S'^cSfie, for
pickled bellies, 12 ill) lb.*, average, 3?g@4o. for pickled shoul­
ders and
for pickled hams. Beef bas sold slowly
aod prices nave declined, closing at $5 50(386 for extra me**4
$8<a#7 for packet; 87(383 for family and 83 3Q@$9 50 for
extra India mess. Beef hams have been quiet hut steady at
815 50(gJ16. The demand for tallow baa been moder­
ately active at ste ady prices, closing at 3 3-16@33*c.
Oleo-steariue has been quiet and without change at 4c.
Lard stearinc ha* declined, closing quiet at 4 ® 4%o. Cotton
seed oil has been in demand and higher; offerpigs of new
crop small, m mills report that they have been uhable to ob­
tain seed. The close was firm at 20@21c. for prime crude
and 24c. for prime yellow. Butter has been quiet and barely
steady,closing at 111(G irt'(c for creamery. Cneese has been
in fair demand and higher, closing at 6@858"c. for State fac­
tory full cream. Fresh eggs have been quiet but steady for
choice, closing at 15>j'(§16c. for choice Western.
Coffee of Brazil growth has sold slowly, and as offerings
from primal markets have been fairly free at lower prices,
the market has weakened, closing at lOJ^c. for Rio No. 7.
There him been a fair call for desirable grades of mild coffee
and at steady prices, cl- sing at FP.;(3I.)c. for good Cueuta
and 22}£c, for standard Java. Ttiere lias been a limited
amount of activity to the speculative dealings in the market
for contracts and prices have declined under free offerings
prompted by weaker Brazilian advices.
The close was
weaker in response to easier European advices. The follow­
ing were final asking prices:
Sept.............. 9 15o. 1Deo.................. 8*50o. I M»reh........ . 8*50o.
Got................ 4-708. Jan ................. S-.V-e. A p ril ............ 8-550.
Nov ................ 8 00c. 1Feb .................. 8'55c. 1 M ay ............. 8'SSc,
Raw sugars have sold slowly, us refiners have been indiffer­
ent buyers aod the clore was weak at 81qC. asked for centrif­
ugals 96-tbg. test and 2 13-18c. asked for Muscovado 89-deg.
test. Relined sugar* have been in moderate request and
steady; granulated quoted at 4 :,c, Tea* and other staple
groceries have been in moderate demand and steady,
Ken ucky tobacco has been in limited demand; prices have
been firm on poor crop accounts, flab*#, 250 hhds. Seed leaf
tobacco has been quiet but steady. Sales for the week were
875 cases, a* follows: 359 cases 1893 crop, New England Hav­
ana, 17(§22c.; 125 cases 1895 crop. State Havana, p t.; 156
cases 1893 crop, Pennsylvania seed leaf, 9@10}£c.: 50 cases
1693 crop, Pennsylvania Havana, 12)-|c.; 50 case# 1893 crop,
Wisconsin Havana, 11c., and 150 cases sundries, 5@17o.; also
500 hale# Havana at 85c,@81 10, and 150 bales Sumatra at
60e.@$l 85, in bond.
The market for Straits tin bas been quiet, and prices have
weakened in response to easier foreign advices, closing at
IIP10'®13-20c. Ingot copper has sold slowly, but prices have
improved slightly, closing steady at l0'05@10’85o. for Lake.
L-ad bas been in limited demand, and prices have further ad­
vanced, closing firm at 2 774^®2'821£c, for domestic.
Spel­
ter) has declined, closing quiet at 3 50@3‘60c. for domestic.
Large sales of Southern pig iron have been made, and the
market closed moderately active and steady at $10-25(§812-5Q
for domestic,
Refined petroleum has further advanced, closing at 6*85o,
in bbl.*,, 4 35c. in bulk and 7,75c. in cases; crude in bbls. has
been nominal; naphtha dull at 73£c, Crude certificates have
been neglected, but the close was firmer at 81 Y&% bid.
Spirits turpentine has had a moderate call at steady prices,
closing at 24@2D|c. Rosins have been in fair demand and
firm at$l 60@1 02}* for common and good strained. W ool
has been dull and unsettled. Hops have sold slowly and
* prices have been barely steady.

THE CHRONICLE.

464

[V o l .

l x iu

.

In addition to above exports, our telegrams to-night also
C O T T O N .
give us the following amounts of cotton on shipboard, not
F r id a y N ig h t , September 11, 1898.
cleared, at the ports named.
W e add similar figures for
T he Movement of th e C rop , as indicated by our telegrams New York, which are prepared for our special use by Me33rs.
from the South to-night, is given below. For the weeK ending Lambert & Barrows, Produce Exchange Building.
this evening the total receipts have reached 154,7So bales,
o n s h i p b o a .r o , n o t c l e a r e d P O E —
against 1lO.SiK) bales last week and 63,557 bales the previous
L e a v in g
S e p t. 11 a t—
week, making the total receipts since the 1st of bept., lS9b,
O th e r
C o a s t­
G rea t
sto ck .
T o ta l.
w is e .
B r ita in . F ra n ce. F o re ig n
216 992 bales, against 61,311 bales for the same period of
. -...L .
.
• __ ____ 1 1QGA rtf IKS fin1 hulAS.
S a v a n n a h .........
C h a r le s t o n . . . .
M o b ile ...............
N o r f o l k .............
N ew Y o r k .........
O ther p o r t s ___

3 ,5 5 0
2 4 ,6 2 0
N one.
6 ,1 6 4
5 .0 0 0
N on e.
3 ,9 0 0
4 ,8 0 0

4 ,6 0 6
5 ,2 3 4
N one.
N one.
N one.
N on e.
600
N one.

3 .767
6 ,3 8 0
8 ,0 0 0
8 .5 0 0
N one.
N one.
6 ,0 0 0
3 ,1 0 0

T o ta l 1 8 9 6 ...

4 8 ,0 3 4

1 0 ,4 4 0

T o ta l 1 8 9 5 ...
T o ta l 1 8 9 4 ...

8 ,9 0 4
12,7 57

651
14,5 04

N ew O r le a n s ...

G a lv e n to n .........
T e x . C ity, A c.
N ew O r le a n s ...
M o b ile ................
F lo r id a ..............
S a v a n n a h .........
B ru n sw ’k, &e.
C h a rleston ........
F t. R oy a l, A c.
W ilm in g ton —
W ash 'ton , A c.
N o rfo lk ...............
W est P o in t ........
N ’ p o rt N., «feo.
N ew Y o r k .........

Thun.

W ed.

T ues.

M on.

S at.

R e c e ip t* a t—

5,489

5,783
....
1,743
918
......
3,665
......
2,111

9 ,207
......
5,300
922

3,751

8,156

6,192
160

4,971 12,361
417
443

2,781
......
3,440

7 ,889
......
3 ,3 0 5

3,011

1,664
....
1 ,762

1,505
......
766

......
......
3 57

.........
......
1,115

2 ,326
......
2 ,707
......
.........
......

4,340

1,279

4,115
........
1,468

2 ,723
.........
.........
.........
44

2,164
.........
.........
.........
125

3 ,6 1 2

F ri.

T o ta l.

6,641
726
6,145
944

3 9 ,0 2 7
726
37.0L 2
3 ,8 0 1

.........
6,371
978
3,079

.........
2 8 ,0 5 7
978
19,6 63

.........
1,760

1 0,0 02

3,085
.........
208

13,2 07

146
40
80

1 ,7 8 7
40
275

.........

B a lt im o r e .........
P hlla d elp h 'a .A e

6

189

208

Tot'lB this w eek 18,003 25,0 36 26,819 24,245 30,479 30,203 1 5 4 ,78 5

The following shows the week's total receipts, the total since
Sept. 1, 1893, and the stock to-night, oompared with last year.
R e c e ip ts to
S ept. 11.

S tock.

1895.

1 896.
T h is
W ee k .

S in c e Sep.

T h is
W ee k .

1 ,1 8 9 6 .

S in c e S ep.

1 89 5 .

1896.

1, 1895,

57,479
1,417
4 9 ,5 4 0
5 ,9 6 2

11,585
216
13,115
1 ,542

14,6 27
279
19,013
1,843

79,4 30

19,2 17

66,472
8,952

6 5 ,1 2 4
6 ,2 0 2

28,0 57
978
19,662

42,249
1,078
24,5 28

1 9 ,7 4 2
143
1 9 ,1 2 9

14,3 19

17,081

1 ,0 2 2

13,207

17,478

11,245
50

4 ,6 3 3
200

208

401

173

16,245
143
5,589
66
734
15
624
50
194

4 6 ,5 9 7
328
38,617

10,002

12,975
103
4,928
64
699
15
603

1,787
40
275

2 ,0 2 0
55
466

294
28
1,194

389
86
1,444

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

1 6 0 ,5 7 0
2 ;800
4 ,3 9 6
4 ,0 1 3

T o t a ls ....... 154,785

216 ,99 2

47,5 39

61,3 41

3 4 8 ,0 5 4

307 ,19 1

G a lv e s t o n ...
T e x . C.,<feo.
N ew Orleans
M o b ile ..........
F lo r id a .........
Savannah . . .
B r’ w ick , A c
C h a r le s to n ..
P . R oya l,& c
W ilm in g ton .
W asli'n.& o.
N o r f o l k ........
WeBt P o in t ..

B o sto n ...........
B a ltim o r e . . .
P h lla d el.,A o.

39,027
726
37,0 12
3 ,8 0 4

......

......

.....

In order that comparison may be made with other years, we
give below the totals at leading ports for six seasons.
R e c e ip ts a t— ] 1896.

G ilv e a ’ n Ao,|
N ew Orleans:
M o b ile .........
S a v a n n a h ...
Chas’ ton , «fec
WUm’ ton .A oj
N o r f o lk ........1
W. P oin t, A c.
A ll o t h e r s ...

1 1 895

39,753)
37,012
3 ,8 0 4
28.057!
19,662
10,002
13,207
208:
3,080|

j 1894.

1893.

1892.

1891.

11,801
13,115
1,542
12,975
4,992
714
6031
173
1,619!

19,490
22,949
5 ,036
22,097
13,218
2,941
1,643
2L6
1,289

14,363
7 ,9 7 8
3 ,1 0 0
19,716
3,263
98 >
2,131
139
2,028

27,137
8 ,514
3 ,340
30,2 80
10 035
3 ,0 6 0
2,821
358
2,248

3 8 ,5 2 9
4 4 ,2 4 4
9 ,2 3 2
3 9 ,4 2 3
13,021
3 ,7 7 1
4 ,5 7 3
4 ,0 1 7
2 ,2 4 5

l o t . this wk.j 154,7851

47,539

88,381

53.703

87,793

159 ,05 5

S in ce Sept. 11 216.992,

61,341 S 127.2H0

84.871

144,034

2 9 0 ,2 3 6

of >0,559 bales, of which 3 3,48 L were to Great Britain, 5.6 )3
to France and 6,48) to the rest of the Continent. Below art
th? exports for the week and since September 1, 1896.
fiarjwort$
from —

Week Entling Sept. 11, 1898.
Exported to—
Oreat
B rit’n.

Galveston....... 20,802
T e r. City. &o..
New Orleans
7.8W3
Mobile A Pen.
Savannah.......
Brun sw ick....
Charleiton*.
W ilm ington...
Norfolk............
W e«t P oin t__
N’ p’ t News, Ac
New York.......
2.879
Bouton............
4.079
alttm ore___
2.028
P hlladelp'a.& c
T otai...........

88.481

Total. 1H06...
13.773
•ThrludTui P o r t ’Royal.

From Sept 1,1896, to Sept. 11,1896.
__________ Expo-ted t,o -

Conti­ Totu
nent.

6,098

Oreat
Week. B r i t a i n . France

20.3i 2
298
298
1,200 13.991

20,302
11,150

Conti­
nent.

6,701
5,84s

3,800

Total

298
1,357

27,003
298
17,855

3,808

3,808

3,600

3,600

G a l v e s t o n ...........

1 ,4 1 7
516
N on e.
1 ,070
N one.
0 ,5 0 0
N one.
N on e.

1 3 ,3 4 0
3 6 ,7 5 0
8 ,0 0 0
1 5,7 34
5 ,0 0 0
6 ,5 0 0
1 0 ,5 0 0
7 ,9 0 0

3 5,7 47

9 ,5 0 3

1 0 3 ,7 2 4

2 4 5 ,3 3 0

4 ,3 8 5
22,7 82

3 ,3 7 0
4 ,2 9 0

1 7 ,3 1 0
5 4 ,3 3 3

2 8 9 ,8 8 1
1 8 3 ,2 8 1

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

The speculative dealings in cotton for future delivery have
continued active and a further advance in values has been
made on the poor crop accounts from the South and an esti­
mated short crop. Saturday there was an advance of a few
points on buying by “ Shorts” to cover contracts, stimulated
by unfavorable crop advices. Tuesday the market was
active and prices showed a n et advance for the day of 27 to
32 points. Buying was gen eral; early in the day it was stim ­
ulated by decidedly stronger foreign advices. Later the
weekly report of the Gotet'riment'sWeather Bureau was issued
and stated that the prospects for the top crop were unfavor­
able; this produced renewed buying. Toward the close, however, there was considerable selling to realize profits and the
close was at a moderate reaction from top prices. Wednesday
the market was weaker, and at one time during the day
prices showed a decline of 19@21 points under free telling to
realize profits prompted by disappointing English advices
and a report of financial troubles at New Orleans. Expecta­
tions of an unfavorable Government crap report, however,
stimulated a demand from “ shorts” to cover contracts and
there was a partial recovery. The close was at a decline of
12@T7 points for the day. The market on Thursday was
again active.
The report issued by the Government’s
Agricultural Bureau showed a deterioration during the
month of August in the average condition of the crop
of 15 points, which was a less favorable statement
than had generally been expected; consequently it stimu­
la te ! active buying, but as there was considerable selling to
realize profits the advance in prices was not rapid. The
close was at an advance of 15 to 19 points for the day. To­
day the market was depressed. English advices were de­
cidedly disappointing, private advices stating that there was
a disposition shown to discredit the Bureau’s report, and this
prompted active liquidation by “ longs;” furthermore, addi­
tional financial troubles at New Orleans prompted selling
from that quarter. The close was steady at a net decline of
31 @34 points for the day. Cotton on the spot has been quiet,
but Tuesday prices advanced J^c. and on Thursday there
was a further improvement of
To-day the market was
quiet and l-gC lower; middling uplands closed at 8% c.
The total sales for forward delivery for the week are
1,23i.900 bales. For immediate delivery the total sales foot
up this week 2,99 1 bales, including 759 for export, 1,332
for consumption, ------ for speculation and 900 on contract.
The following are the official quotations for each day of the
past week— September 5 to Septemb r 11.
On the basis of the rates on and off middling as established
by the Revision Committee, the prices for a few of the
grades would be as follows:
U PLAND S.

S a l.

G o o d O r d in a r y ...............................
L ow M iddlin g................................
M i d d l i n g . ......................................
G o o d M id d lin g ...............................
M id d lin g F a ir .................................

GULF.

J I u u I 'l i e s

W ed

ill.

F r i.

7%
8%
8%
9 110
9=8

74,
83s
8%
9*10
9«s

7 7e
8ia
8 78
9 16
9%

7 4,
8%
8%
9 l i6
9 »b

T ues W e d

T il.

F r i.

7*a
8^6
Sk!
8 ‘ 16
93s

ee
12
0

a

S a t. ! M o n

G o o d O r d in a r y ...............................
Low M i id lin g ................................
Mi i d l i n g .........................................
G o o d M id d lin g...............................
M iddlin g F a ir..........................

83s
8%
9
95g

S T A IN E D .

S a t.

L o w M id d lin g.................................
M id d lin g ...........................................
S trict M id d lin g ..............................
G o o d M id d lin g P in g e d ...............

714
8%
8 »,..
8V

market

8
85g
9
94
9 'e

>.

s
! a
:
o
> a

8
8%
9
9%
9 7fl

ITI011 T u e *

W ed

7ia
9
S '7 s
8%

7%
9
8173
84,

H o li­
day.

and

sales

8
8=8
9
9q
9 78

8*8
8%
9*8
938
10
Th.

F r i.

7=8
938
8 2 i .2
8 7e

71a
9
8 lTS2
8%

.

SALES OF SPOT AND CONTRACT.
SPOT MARKET
CLOSED.
1,037

8,016

6,82fi
350
5,803
300

6,185

603

8,72)
69

49.053
18 892

1,737
750

13,554
3"

11,560

10,288
5,826
4,479
73,1
90.2

Sat’ d a y .
M on day.
T u esd a y
W od ’ d a v
Tli’ d a y ..
F r id a y ..
T o t a l . . ..

E x­
p o rt.

Q u ie t ...................
Q u iet a t J4 a d v ..
m i e t ................
Q uiet a t ’ 8 a d v ..
Q u iet a t
d e c ..

759

0071su m p

O on
tr a c t.

25
.. H o i d a y ..
305
" *800
364
66
572

759

S p ecu l’ t’ n

1 .8 3 2

100

....
—

900

T ota l.

S a le s o f
F u tu res.

25

1 1 0 ,8 0 0

1 ,8 8 4
464
66
572

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

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

l ! , i S96,
o
co

-------- IsMfm'l, Stock
This ! Since
This
week. Sept. l , ’9G. week. Sept. 11.

Towns.
Enfanla,
M ontgom ery,
Selma,*
*■
...
Helena,
A rkansas .
1
Little Rock,
«
Albany,
GEORGIA...
A then*,
"
1
Atlanta,
*•
i
Augusta,
**
Columbn#,
•'
Macon,
“
Rome,
*•
Louisville,net KBSTCOKT,
Shreveport, l o t t n u i u
Columbus,
Greenville,*
Meridian,

Catcher,

Vicksburg,

E
o tfCharlotte,

Raleigh,
Cincinnati,

a

Columbia,!

Pi
m
o
w
H

n .c u r o m s a

(i

Onto..

8. Carolina

t*
Greenwood,
Memphis,
TmVSSBBfc.'
tf
Nashville,
Rrenljatn,
t h j a -.:::
Dallas,
Houston,

flJ lI illlllfjl
25
O

«

Mimooxt.

-SSSStlStiiSSSsI S|'S!

8I i l l ! i l ? l l 6 el
Market, Prices and
Sales <>r
v m 'i m k s ,
Saturday, Sept. 5—
Prions paid (range)
Closing....................

Market,
Range and
Total Sates.
Firmer.
1

8 4 4 a 8-68
Firm,

D A IL Y
September.
Av'KO.

October.

I’RW BS

December.

8*17

Av^ifCu. 8 *2 CN&?*£&. 8*27
' a *>no ;
:ihAUm
100 X ^ \ . n T
847,<•
8 4 6 * 847 « 1 t
8-24 8 -JO* 8*33
9 4 9 — 9-21 8 ‘26— 8*28 8 “24— 8*26 8 - 3 2 - 8-33

Monday, Sept. 7 —
Sales, total............. 1.................
1'riees paid (range) f
C losin g ................... 1
Tuesday, Sept. 8 —
Sales, total.............
Prices paid (range)
Closing....................

Satember.

A YD

January.

sales

or

February.

fu r r u r s
March.

1,10*
7,363
3,000
869
1.314
3,403
1.832
4,032
12,431
2,537
4,53!)
846
25

1,641
9,273
4,800
1.060
1,614
5,402
2,862
5,032
17 ,0-5
3.45 2
7,135
1.M 6
100
3,583
980
800
1,919
3.970
2,444
1,801
4,030
1.05 h

3 000

537
500
818
2.770
1,844
1,401
2,376
S38
1.853
1,617
1,800
541
12,811
f»

2 ,7 5 3

1.776
2,701
M16
17,1*9
m

0,001

4,800
50,609

0,000
07,24 4

188,605

190,102

71S
2,921
2,000
341
000
2,13 o
1,883
2.476
8.120
1,778
4,38a
24*
«3
1.400
357
200
160
u m
380
539
2,509
839
1.408
1.039
1 ,H»6
54!
0,481

995
9.900
3,500
1.442
2.778
2,895
1,342
5,210
12.196 1
3,087
8,520
911
12
4,162
1,483 1
1,726'
2,517 1
4,024
5,4 37
3,238
17,224

.Vovrment to September 13, 1896,
Receipts.
Shifnnt, Stock
Tbit
Since
week. Sept, 1,’95, meek. Sept. 13,
904
4414
1,002
19
9
1,933
08

3,988
2,011
1,321
14
112
288
125

""9 7
34 5
35

107
389
43

953
97
85
202
100
m
170
2
4,312
250
20,495

1,694
109
100
1,099
107
170
220
8
0,512
330
32,907

3 ,6 -0
181
17,321

91,408 170,014 ! 41,659

03,428

34,270

4,000
3,524
88,049

;
27,8*2
290 .
7 ,m o i
2.041
39,819 |

1,001

May,

ju ip .

5=1

E

Total salts# this week
A verage price, week

CO.

Sales siune Sep. l , ’95

Lower
A v ’go. 9-28 A v g e . .8-31 A V’ge. 9-32 A v’ ge, 4-39 A v 'g e .. 9*45 A v 'g e,. 8*51 A v'ge. 8*54 A v 'g e.. S-80 Av’ge.,. 8-58 A V e r ,-------- A v 'g e ..-------- A v’g e ,.— —
3.7.W
5,doit
POO
299,400
15,700
70,900
160,300
XMOO
700
13,400
— m —•
8-23 * 9-03 9-2- ..' S-3. 8-244 9-39 8-23 if 8*30 8-31, t 9*49 8*30* S-52 8-44 « -9*95 S i r * 9-59 8 -5 8 * 8*57 9*55# «*«3 — #■ —
* ~*
Steady.
8 4 9 - 8-21 8 - 2 3 - H-24 9-24- 8 ‘24 8*82— -9-3:i 8 - 4 0 - 8-41 8*44— 8*45 9 - 4 9 - s-40 9-62— 8*53 9-55— 8-5(1 ** * * ' *
■ 5,ti0O
in $ m
%»»»»»
84,000
1,234,900
341,700
022,000
2,500
19,800
50.000
89,700
8-07
******
8-70
8-34
8-47
8 81
8*4 0
8*40
9-93
|
867
9,500

174,900

87,300

702,300

1,131,800

32,800

m

i

95

14 15
97
108
491
100
161
208

00
7,292
......
§02
5,626

IS S S lll

9
1,315
13
2,965 i
150;
7,029

:i I * i|S

43,275
ac 1
04S ?.

~« 8® 5E 5is ®a S1 -1A*
S iS S c -P g
g*-* s $ 8 a g

DJ 81 e | s f i

f •3JS
i l i# 5a p lt

H 0 L ID A Y

K-ttf Av’ ge. 9-71 Av’ge 8 73 A V ge. S‘75 A v 'g e.. 9-70 A v'gn.. —----- A V g e ..------- A v 'g e.,-------Higher.
A v’g o .. 8-17 Av’ ge . 9 55 A v’ ge 8*53 A v’ ge. 9-01 A V e r
236, 00
3,000
13,400
1,500
700
22400
03.300
117.400
4,500
8,700
. .. 9 —
** # -**■
8 '4 ft » 0*89 8-40 4 3*80 8-454* 9 (10 -S*45« M O 8 *9 8 # s-oti H’h7igt- SK74 8*600, .8*77 8*87® 8*82 8*71« 8*88 9 *70 k 9-9*1 —- # —
Steady.
8-46— 8*48 8 -55-— 8-56 9-55— 8-50 8 * 6 3 - 4*04 9 - « 8 - 8-09 8 - 7 2 - 8-73 8-77— 8-7M 8 -9 0 - 8 ‘82 9 **4 — S-95

2,337,000

*, *§
u • £
® fij
E 6C

7 j . t l 0 c

iH liii!

Firmer.
Thursday, Sopt. 10—
A v ’ge. 9-44 A v'ge.. 8-5 A v’ge. 9 -f.l A v'ge 8-01 A v ’ ge.. S'O SA v'ge.. B-08 A v 'g e .. 8-72 A v’ge.. 8*83 A v g e , 8-84 Av’ge. -------- A V g » - -------- A v 'g e,.-------***-*“-■
1.400
313,300
800
700
2.900
25,300
Sales, total.............
13,800
85,500
154,600
.........
29,300
.........
— "4> —
Prices paid (range) 8-40 « 9'87 8 '10,? ,9-61 8-414 8'03 S - d l f 4.01 8*90* 9-73 8-5 5 a S-77 9-01 >f 8-80 8 -5 2 * 9.95 8*82# 8*83 9 -7 3 * §-.97
“
3 -"bfe* <W
8
§ 'm 8 - 9 0 - 8 « 7
Steady,
8 - 7 2 - 8 ’73 8 * 7 5 - 9'7ll H‘79— *»>m
Closing....................
8*52— 8-54 8*87-------H‘50— 8-57 » • « « - Friday, Sept. 1 1 —
Hales, total.............
Prices paid (range)
Closing....................

a

d l l f l l

*217
646

103
2

A

Lower
A v'ge. 8-33 A V ge
9-42 A v’ ge.. 8-43 A v'ge. 8 49 A v’ ge, ,9-56 A v 'g e .. R-60 A V'ge,. 8 -6 .VA v ’ge., 8 0 S A v’ ge.. 9-0!) A v 'g e,.-------- A v'ge . ------- A v’jfe,.— W odnesd'y, Sept. 9 —
2.9tH)
2.700
,,,. .
9,101*
—
•.*«»**
275.900
300
90,500
139,200
■ 9.800
Bales, total----------15,000
D M 0"
■ ,i — m —
« Prices paid (range) 8 ' 88 * .9-70 8*83-9 8-31 9-30-. 8 ’ 4s 8 ‘3 7 it 8-49 8*42 * 8*57 8*47# 8-82 8*53 3 9-02 8*90.1' 8*72 8*«2 9 H-72 8 -0 3 * s-70
9-05—
8*07
Steady.
9 - 6 0 - 8*00 8 *6 8 - - (II
Sts? - §■««
8*84— 8-30 8-42— 8-41— 8-43 9 - 4 0 - 8-50 8 ,5 5 - **- *"“■■
Closing....................
-

M

8 " '3 *

50
457
5,118
1,917
97
9
250
1,496
142

A v’ge 9 ‘37 A v’ge.. 9-42-A V rc. . -------- A v * p ,. 8‘4-9 Av’gn .-------- A v’ g e .,-------- A v 'g e ..------- j| = £ * : £ - £ £ * ■
4,700
' ........
om
4,400
8*40* 4 53 ^ —
-- 9 —
8 25 ■) 8*3S 8*30<f 9-42 8*87# 9-40 — # —
'
.9 -4 2 - 8-43 8*45— 3-10 8*48— S I!' 9-53— 9 ‘64
8*38- — *r

.

ia fs ll

1,5 9 3

2,239
1,176
1,109
1?
88
94

f; S
Jane.

.
5 -S ® c o o
• -J = g

§83
2,549
1,389
50
764

88
1,6U?
47

3,439
79

FOR FA O B MO.YT/I.
April.

611
3.546
78

1,121
4
52
240
98

14 50
3,872

3,250

1,401
6,414
1,352
19
9

73 ?

191,400

13.400

33,000

.

5,603,500

lllllllii

3 -

I iitititi

c ^ 5 -5 ■£ i

s 2S$$S$&3

? !!!!!i !L

o®

* « 2; g

et g 8 «

§^rsf= g>

D « S5*** S **23
h j r w

J iiii#

.,? r ; --’ !

f S S ilS S la

i j ;i m

m

m

iis s s s s s a
^ §S 2 f= § S ?2

jf lljl!
i f i lJ S .4

THE CHRONICLE

466

LVOL. LXI1I.

W eather R eports B y T eleg raph .— Advices to us by
telegraph from the South this evening denote that the
weather during the week has favored the rapid gathering o f
the crop. Rain has fallen in a number o f localities, but gen­
C L O S IN '! Q0.VTATIO.NS NOR M ID D L IN '! P O T T O S ON—
W eek e n d in g
erally the precipitation has been light. In a large part of
F r i.
T h u rs.
W e d n ts .
S ept. 11.
T u e».
S a tu r .
M on .
Texas, however, the drought continnes.
8=16
8=16
8>4
8>4
G A lveston . .
7 7s
7 7a
Galveston, Texas.— There has been rain on one day during
8
8%
8=8
8*8
N ew O rleans
7 7a
' ‘ " is
7 7«
8
778
8
the week, to the extent of five hundredths of an inch. The
7=8
M o b i l e .........
7 »i«
7
%
71=16
7 78 ..........
7«8
S a v a n n a h ...
7=8
thermometer has ranged from 75 to 89, averaging 82.
8
73 l
7^4
7 78
C h a rle ston ..
7*16
7 11te
7*8
7 7e
7 78
T\
7^
7 >9
W ilm in g ton .
Palestine, Texas. —P,eking is progressing rapidly; there has
8%
8%
8*8
8*9
N o r f o l k .......
7 7s
been no rain during the week. Average thermometer 86,.
83i
87s
s%
8>S
8%
highest 104 and lowest 68.
8=4
8%
8*9
B a lt im o r e . .
8=8
9
9^8
9
9
P h iladelph ia
Huntsville, Texas.— The weather has been favorable for
8
8 hi
7 78
8 'i s
7 7s
A u gu sta .......
7 7s
gathering the crop. It has been dry all the week. The ther­
8
8>16
7^i
7 7e
M em p h is—
8 ‘ ts
mometer has averaged 85, the highest being 101 and the low 8is
8 >8
8 i ,s
8
7 7B
Bt. L ou is___
7 >
83.6
8=4
8%
es; 69.
H o u s t o n ----7 7s
7 7a
8‘ a
Sis
8‘8
8 ‘9
C in cin n a ti..
8 i,«
Dallas. Texas.— The drought continues. The thermometer
7 78
7 78
7 78
7 78
7=8
7 7s
L o u is v ille ...
has averaged 86. ranging from 69 to 102.
The olosing quotations to-day (Friday) at other important
San Antonio, Texas.— Che top crop has started, but it is
Southern markets were as follows.
feared that it will not mature before frost comes. Rain has
............
7
'=
19
N
a
tc
h
e
z
7
\
fallen on one day of the past week, the precipitation being
7 7s I E u fa u la ..............
A t la n t a .............
7% R a le ig h ............. 7 7s
C h a r lo tt e ..........
8
I.lttle R o o k -----seventy two hundredths of an inch. The thermometer has
S elm a................................
7\
C olu m b u s, G a .
7 % M o n tg o m e r y ...
averaged
84. the highest being 98 and the lowest 70.
C olu m bus. M iss
7=8 1 t ia a h v ille ..........
7*8 S h rev ep ort....... 7 >I)b
Luling, Texas.— The week’s rainfall has been one hun­
R e c e i p t s f r o m t h e P l a n t a t i o n s . — The following table
dredth of an inch, on one day. The thermometer has aver­
Indicates the actual movement each week from the plantations.
aged 86, the highest being 102 and the lowest 70.
The figures do not include overland receipts nor Southern
Columbia, Texas.— The weather has favored picking. It
consumption; they are simply a statement of the weekly
has rained on one day of the week, the precipitation being
movement from the plantations of that part of the crop which
fifty nine hundredths of an inch. The thermometer has
Anally reaches the market through the outports.
ranged from 66 to 97, averaging 82.
Cuero, Texas.— Prospects for a top crop are poor, ThereReceipts at the Ports. St'k at Interior Tovms. R e c ’ p t s fro m P la n t’ns
Week
has been rain on two days during the week, to the extent of
Ending—
1895.
1896.
1896.
1894.
1895.
1894.
1895. | 1896.
1894.
five hundredths of an inch. The thermometer has averaged
3.650
84 and ranged from 69 to 100.
2,808
5,732
2,1371 4,930 59,935 43,712 76,890
Aug. 7 ......
16,027
4,217
Brenham, Texas.—Picking is well advanced
The weather
7,2I3| 1,749 16,370 56,939 41,714 76,547
"
1 4 ........
50,207
2,715 36.961 55.819 35,157 89,793 13,002
*• 2 L........ 14,122!
has been dry the past week. Average thermometer 85, high­
88,945
6.42S
M 2 8 ........ 25,173; 6.803 68.557 56.386 34,782 110,181 25,720
est 102 and lowest 68.
S ep t. 4 ........ 38.396 15.093 116,890 55,913 35,892 125.827 36.974 10,203 132,536
Temple, Texas.— W e have had dry weather all the week.
“ 11...... 85.8841 47.5931154.785 66,830 43.275 170.011 99,801 54,922 198,972 Average thermometer 86, highest 103 and lowest 68.
Fort Worth, Texas.— There has been no rain during the
The above statement shows; 1.—That the total receipts
from the plantations since Sept. 1, 1896, are 266,412 bales; in week. The tnermometer has ranged from 65 to 100, averag­
ing 87.
1895 were 71,916 bales; in 1894 were 136,775 bales.
Weatherford, Texas.— 'The drought continues. Picking is
2.— That although the receipts at the outports the past week
were 154,785 bales, the actual movement from plantations was progressing rapidly. The thermometer has averaged 82,
198,973 bales, the balance g >mg to increase the stocks at ranging from 64 to 100.
New Orleans, Louisiana.— There has been rain on two daysthe interior towns. Last year the receipts from the plantation s
for the week were 54,932 bales and for 1894 they were during the week, the precipitation being forty-four hun­
99,801 bales.
dredths of an inch. The thermometer has averaged 79.
Shreveport, Louisiana.—W e have had rain on one day of
O v e r l a n d M o v e m e n t f o r t h e W e e k a n d S i n c e S e p t . 1 .—
W e give below a statement showing the overland movement the past week to the extent of one hundredth of an inch.
Average
thermometer 82, highest 98, lowest 66.
foi the week and since September 1. A s the returns reach us
Columbus, Mississippi.— There has been rain on one day
by telegraph late Friday night it is impossible to enter so
largely into detail as m our regular monthly report, but all during the week, the precipitation being thirteen hundredths
the principal matters of interest are given. This weekly of an inch. The thermometer has averaged 76, the highest
publication is of course supplementary to the more extended being 100 and the lowest 53.
Letand, Mississippi.— The week’s rainfall has been ninety
nonthly statements. The results for the week ending Sept. 11
hundredths of an inch. Thermometer has ranged from 56 to
And since Sept. 1 in the last two years are as follows.
95, averaging 75 3.
1896.
Vicksburg, Mississippi.— There has been no rain during the
1895.
week. Average thermometer 79, highest 94 and lowest 61.
S e p te m b e r 1 1 .
S in ce
S in ce
Little Rock, Arkansas.— There has been rain on one day o f
W eek .
W eek .
Sept. 1.
S ept. 1
the week, to the extent of nineteen hundredths of an inch.
S h ip p ed —
The thermometer has averaged 77, the highest being 92 and
2 ,5 9 9
5 ,7 4 0
1 ,1 1 5
1 ,9 7 3
the lowest 60.
513
744
103
249
Helena, Arkansas.— Some cotton is growing yet and late
V ia P a r k e r C it y .................................
381
381
YTia E v a n s v i ll e ..................................
frost will help. The weather is warm. It has rained on one805
1 ,0 8 3
24
914
day of the week, the rainfall reaching eighty-three hun­
956
1 ,1 1 2
122
369
dredths of an inch. The thermometer has averaged 79, the
348
501
920
1 .0 9 6
highest being 87 and the lowest 53.
5 ,6 0 2
9 ,5 6 1
2 ,2 8 4
4 ,6 0 1
Memphis, Tennessee.— General rain throughout this district
D ed net s h ip m e n ts —
on Saturday improved unmatured bolls, but more rain is
O v e r la n a t o N . Y ., B o s t o n , <fco..
2 ,1 0 2
2 ,5 4 1
1 ,5 1 6
1 ,9 1 9
B e t w e e n i n t e ii o r t o w n s ................
needed.
The week’s precipitation has been ninety hun­
5
5
668
1 ,2 5 2
606
1 ,2 4 1
dredths of an inch. The thermometer has averaged 75-6,
ranging from 58'2 to 92-4.
T o t a l t o be d e d u c t e d ..................
2 .7 7 5
3 ,7 9 8
2 ,1 2 2
3 ,1 6 0
Nashville, Tennessee.— The week’s rainfall has been twenty
L e a v in g t o t a l n e t o v e r l a n d * . .
2 ,8 2 7
5 ,7 6 3
162
hundredths of an inch. The thermometer has ranged from
1 ,4 4 1
‘ I n c lu d in g movement by r a i l to C a n a d a .
~
~ 52 to 95, averaging 74.
Mobile, Alabama.— Cotton picking is active but receipts
The foregoing shows that the week’s net overland movement
this year has been 2,827 bales, against 162 bales for the are restricted by low water. The crop tributarv to Mobile is
estimated
as larger than last year. W e have had rain on two
week in 1895, and that for the season to date the aggregate net
days of the week, the precipitation reaching nine hundredths
overland exhibits an increase over a year ago of 4,322 bales.
of an inch. Average thermometer 78, highest 90, lowest 63.
1896.
1895.
Montgomery, Alabama.— It has been hot and dry all the
I n S ig h t a n d S p in n e r s *
week. The thermometer has averaged 78, the highest being
T a k in g s.
S in ce
S
in
ce
W eek.
W eek.
91 and the lowest 70.
Sept. 1.
Sept. 1.
Selma, Alabama.— Telegram not received.
B e c e in t a a t p o r t s to Sept. 1 1 ......... 1 5 4 ,7 8 5
2 1 6 ,9 9 2 4 7 ,5 3 9
6 1 ,3 4 1
Madison. Florida.— It has been dry all the week and the
N et o v e r la n d t o S e p t. 1 1 ................
2 ,8 2 7
5 ,7 6 3
162
1 ,4 4 1
crop is suffering in consequence.
The thermometer has
S o u t h e r n c o n s u m p t io n t o 8 e p t . i l 1 6 ,0 0 0
3 2 ,0 0 0 1 8 ,0 0 0
3 6 ,0 0 0
raDged from 74 to 90, averaging 82.
T o t a l m a r k e t e d ............................. 1 7 3 ,6 1 2
2 5 4 ,7 5 5 6 5 ,7 0 1
9 8 ,7 8 2
Savannah, Georgia.— It has been dry all the week. The
4 4 ,1 8 7
4 9 ,4 2 0
7 ,3 8 3
1 0 ,5 7 5
thermometer has averaged 79, the highest being 93 and the
C am e Into sight d u rin g w eek . 2 1 7 ,7 9 9
lowest 66.
7 3 ,0 8 1
T o ta l In sigh t S en t. 1 1 ..............
3 0 4 ,1 7 5
Augusta, Georgia.— W e have had rain on one day of the1 0 9 ',3 5 7
week, to the extent of ten hundredths of an inch. The ther­
T forth’ n s p in n ers tiik ’ g s t o S e p t . l l 1 6 ,0 0 1 ;
2 1 ,5 6 2
8 ,5 3 7
1 6 .8 0 9
mometer has averaged 78, ranging from 61 to 94.
win uo occu uy uue auuve m at mere nas come into sighi
Charleston, South Carolina.— It has been ] dry all the
during the week 217,799 bales, against 73,084 bales for thi week. Average thermometer 79, highest 90, lowest 66.
■ame week of 1895, and that the increase in amount in sight
Stateburg, South Carolina.— There has been light rain on,
to-night as compared with last year is 194,818 bales.
one day of the week, the precipitation being four h u a Q

u o t a t io n s f o r

M id d l in g C o t t o n

at

O t ESsr M a r k e t s . —

Below are closing quotations o f middling cotton at Southern
and otlier principal cotton markets for each day o f the week.

THE

SEPTEMBER 12, 1S96. |

CHRONICLE.

dredths of an inch. The thermometer has averaged 77 o, the
highest being 90 and the lowest 61.
Greenwood, South C arolina.— W e have had rain on one day
of the week, the rainfall reaching sis hundredths of an inch.
The thermometer has ranged from 69 to 89, averaging 79.
W ilson, N orth C arolina.— There has been no rain during
the week. The thermometer has averaged 79, the highest
being 88 and the lowest 83.
The following statement we have also received by telegraph,
showing the height of the rivers at the points named at
Sept. 10, *96 Sept. 12, ’95.
Feet.
8-2
4-7
1-0
•3-0
8*3

New O rleans.........
M em phis...............
Saahville................
S hreveport............
Vicksburg..............

Feel.
4-0
4*6
4*0
1*2
5*4

467
1895.

1896.

8% lbs. Shirt-] OotTn
8% lbs. Shirt­ Oott’ n
32s Oop. ings, common | Mid. 32s Oop. ings, common Mid.
Twist.
Twist.
to finest,
j TJpids
Upld e
to finest.
d.

d.

Aug. 7 61,8317%
“ h 6 U i8 »7 %
“ 21 6 i h 63 7 %
“ 28 6W193 7 %
Sep. 4 616,638
“ 11 7 iiS3 8 l i 9

b.

]4
4
4
4
,4
14

s.
4VasS
6 36
7 37
7 -37
8 ®7
9 37

d.

d.
d.
d.
s.
5*18 3 6 5 ,6 4 1 3 6
59,® »6 7 le
1V 36
I* >39 5 t iia »6 ',.a
2% »6
416,, 5% »6 3 i !4 3 3 6

d.
9
10%
0
0
1
3

S ea Is l a n d Co tto n

<3
1
2
5
6

43 i33 6
3 6 % |l 3% 36 6
*Vw 6>X8 36% 14 3% 36

d.

32532

33933

3
*iJ1
yS2

4 Li

ilM

M o v e m e n t .— W e have received th is

(Friday) evening by telegraph from the various ports the
details of the Sea Island cotton movement for the week. The
receipts for the week ending to-night (Sept. It) and since
Sept, 1,1896, the stocks to-night, and the same items for the
corresponding periods of 1895, are as follows.
1396.

Slock

1895.

Receipts to Sept. 11.
A nnual Cotton' Crop Statement.—I n our editorial columns
This
Since
This
Since
week. Sept. 1. week. Sept. 1. 1896. 1895.
will be found our annual crop statement, with the usual facts
1.529
121
Savannah .......................... 1,169
144 3,580
442
and information with regard to consumption, <Ste.
143

Charleston, A c .................

17

150

13

722

19

J ute B urrs, B agg in g , & c .— The market for jute bagging Florida, A c ........................
....
......
....
125
81
*.......
has been very quiet during the past week, but quotations are
162 4,427
1,679
133
542
Total............................. 1,311
unchanged at o tjc . for ljtjf lbs., 5}-£c. for 2 lbs and 6c. for
standard grades in a jobbing way. Car load lots of standard
The jijo r w tor ecu .» !•.** <n im g cats evening reacu a total
brands are quoted at
for X% lbs., 3J£e. for 2 lbs. and 6c ! of 118 bales, of which 51 bales were to Great Britain, 95
for 314, lb s .,f, o. b, at New York. Jute butts have W n to France anJ — to Rival, and the amount forwarded 10
quirt ou; firm, owing to the advance of price of jute in C a l­ Northern miils has been — bales.
Below are the exports
cutta. Quotations are 1-15c. for paper quality and 1
for for the week and dace Seote-nbsr 1 in 1898 an 1 1897.
raising, nominal.

India Cotton Movement From all Ports.—The receipt9

Exports
fr o m —

and shipments o f cotton at Bombay have been as follows to r
the week and year, bringing the figured down to Sept, 10.
a o M B ir

t s o aaiP M R -rr* w « r o o * m m

rbobuts

_ , ,
* > «1 .

t e a r Grmi Conti­
. , [ (treat f O m ti- '
B r it n nent Total. Britain 1 nent.
1396 .........• 6.000
1895- . . . . . . 2,000
1894 ........ 1.000
1393 1,000 4.000

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

0,000
2 ,0 0 0 .
1.0 0 0
5.000

1.000

This : Since
Wee*
Sept 1.

8.000 10.000
1.000 9,000
3.000 3,000
12,000 6.000,

8.000
4.000
5.000
1 1.0 0 0

13,000
15.000
7,0.10
9,000

According to the foregoing Bombay appAirs to show
an increase compare.! with last year in the week's receipts of
1,000 bales and an increase in shipments of 4,00) bales, and
the shipments since Sept. 1 show an increase o f 4,000 bale-i.
The movement at Calcutta, Madras and other India ports for
the last reported week and since the 1st of September, for tw o
veare, has been as follows. "O t h e r ports” cover Ceylon,
Tatioorin, Kurraohee and Cooonada.
S h ip m e n t s s i n c e S ep t. 1.

Shipm ents f a r the week..

Ooniim nt

Creoi
Britain.

Total.

O a lo u tt* 1,0 00
18 96.......
i.o o o
1895
....................
Madras —
1896
....................
-.ww.w
2,000
1895.......

2.6 6 6

2.000

2.000

3.000
4.000

4.000
5.000

1.000
2.000

3.000
5.000

4.000
7.000

1,0 00
2.000

T ota l........

51

Bom b a y .
T otal__

This I
week. :

0.000
4 ,0 00 :
10,000

Sint*
i.

This I Since
week.
Sept. 1.

8,000
4,000

2,000
5.000

I :o o o

1,000
4,000

5.000
9.000

12,0 0 0

7,000

11,0 0 0

5,000'

14 ,(0 2

'*‘ 95

2 !

95

148

‘ T ot

""oi

101

95

**196

196

..

si

.........

25

25

A mount in Sight. —Supplementary to our Annual Cotton
Crop Report, and at the request of a numbar of readers, we
give below a table showing the amount of cotton which cam e
‘ nto sight during each month of the cotton season 1895-96.
For purposes of comparison similar results for the three
preceding years are appended.

1394.

1395.

1896.
TAu I Slnee
week. 1 Sept 1.

55

A considerable portion of the Sea Island cotton shipped fo
f >reigu ports goes via New Y ork, and some email amounts via
Boston and Baltimore. Instead o f including this cotton for
the week in which it leaves the Southern outpd m , we follow
the game plan as in our regular table of including it when
a nually exported from New York, A c. The details of the
•hi omenta of Sea Island cotton for the week will be found
under the head “ Shipping News,” on a subsequent page,
Quotations Sept. 11 at Savannah, for Floridaa, ail nominal.
Charleston, Carolinaa, all nominal.

•xrorr* t»» attaore m o * » u i » u .
Shipments
to a ll Europe
from —

8inc<
Week. Sept* 1

.........

Total 1395..

1,000

2.000
3.000

3.000

......

1,000

1,000
1,000

2.000
1.000

Sorih'n Mu

Qreal Fr*nec
Great F r’ nce
Total. Brit'n.
Total.
Brit'n.
dc.
die.

S'vann'h, A c
Charl't’ u.Ao
Florida, SeB.
New Y ork ..
B o ston ........

Total.

1,6 6 6

2,0 0 6

1,000
1,000

i i

T otal a l l 1896.......

Continent
1,000

1,000
1,000

wta

ISS:

(treat
Britain.

Week Ending Sept. 1 1, Since Sept. 1 ,1 8 9 6

Months.

1895-96.

1894-95

3e itember............
O c to b e r ...............
Novem ber.. . . . . . .
Decem ber............
Janaa*y . . . . . . . . .
F e b ru a ry ...........
M arch...................
At*Hl . . . . . . . . . . . . .
M ay.......................
Ju n e............ .
J u ly ......................
A ugu st................
D ed u ction s'.......

542,394
1.722,122
1,321,097
1,336,030
617.924
483,475
351,525
245.732
165.406
106,677
67,011
278.4 84
75,104

663,703
2,114 130
8,187,667
1,961,988
073.789
579,062
538,749
835,011
149,254
70,493
58,962
50,487
1150,431

*

1898-94,

1892-93,

511,273
1,637,555
1,704,608
1,813,603
750,991
358,497
287.113
233,911
142,975
77,492
60,022
86,867
102,304

522,552
1,465,067
1,407,008
1.290,705
356,371
4 12,604
296,420
198,645
138 561
85,155
75,250
82,671
1126,075

7,162,473
9,892,766
7,527,211
6,717,148
Total erop . . . .
A lexandri a Receipts and S hipments.—Through arrange­
ments we have made with Messrs. Davies, Benachi & Co., o f
- *' Deductions" Include all corrections In port receipts and overland
Liverpool and Alexandria, we now receive a weekly cable o f made at the close o f the season, as well as t ie excess In Bomlieru

the movements of cotton at Alexandria, Egypt. The followir g
are the receipts and shipments for the past week and for the
Alexandria, Mavpt,
September 9,

1895.

1808,

Receipt* (oantars
This w eek............ ......
Since S e p t l .......... ..

15.000
16.000

!

11.0 0 0

1894.

1,0 00

1,000
2,000

Total E urope.........

1,000

3,000

........ !

4,000
29,000

18,000

1

T h e A g r ic u l t u r a l D e p a r t m e n t 's R e po r t f o r S e p t e m ­
b e r .— The

1

This
Since
Thi *
Since
Since
This
week. Sept, 1. ■
: week. Sept. 1 . , week. Sept. L
■xport* (b»l«s>—
To Liverpool . . . . . . . .
To Conti hen t f ____ _

j

consumption, a . shown ny the actual results This total is increased
or deorew ed by interior town amoks. In the season just closed th ere
w ss a terse Increase In Interior stocks « v « r ills total o f Sept. I, 1895,
bat In 18 <l - » 5 , 1393 91 and 1S92-J3 interior stocks wore reduced,
f Additions.

4,000

5,000

2.000

3,000

6.000

11,0 0 0

2.000

3,0 00,TO.OOO

10,00 0

* A eantar is 99 pound*.

* O f -w h ic h to A m erica In 1998, 74 hales; In 1S95, 243 bates; In
1894, --------bates.
Manchester Market. --Our report received by cable to-night

from Manchester states that the market is qu!et for both
yarns and shirtings. Manufacturers cannot sell. W c give

tb*> prices for tod a y below and leave those for jrevioue
wrecks of this and last year for comparison;

Agricultural Department’s report on cotton for
September 1 is given below;

The cotton report o f tin D epartm ent o f A griculture for Septem ber
shows a decline from the August condition o f the crop, w hich w as
80-1 to 64-2 p«r oent, a decline o f tS ’9 points. This Is the lo w e st S ep ­
tember condition reported In the last twenty-seven years.
The State averages are as follow*: Virginl » l > . North Carolina 70,
South Carolina 7o, Georgia 71. Florida 7 i. Alab muA 61, Mississippi
0 1 . Louisiana 60, T egas -*2, Arkam a* 60, Tennessee 61, Missouri 8 1 ,
Indian territory «•', Oklahoma 6 ,.
There has been a geueral deolino la the condition o f tlio cotton c r o p
throughout the cotton helt.lu the past m >nth. A few counties and
parish". In Ml-stssippl aril Loutsl mu report fairly good crops, hut the
eom ulaiot Is alm ost universal that the excessl r o ll eat and drv w eather
have caused the plant to shod leaves, bloom s and b ills, and that w h ere
rains have fallen they h tve com e too late to bo o f material benefit.
The p la n th M oonseqiienilym atured preni itttrely, and bolls h aveopon od
so rapidly that the c o p Is being gathere I earlier than fo r many years.
Some counties report th .t the oron w ill all be harvested by O ctober
flrst, others by the tnid41p o ' October. A few oountles In Mississippi
report damage to open o-.tton by heavy rainy The staple Is tnuoh

i h

468

e

c

h

r

o

n

i c

l

[V O L

.

e

L X III.
T o ta l b a l e s .

^

T

« n

s t e m

?

S ew

S53&*

“ S T i T S r may have

11895.

States.

R
OC

93
96
87;
86
94
84'
87
93
77
89
94

78

93
76
63
77
86
78
78
81
63.
go
6

80
V ir g in ia .
I 70
N o. Caro^
70 ,
Bo. C a ro lin a
71
G e o r g ia . . .
72
F l o r i d a .........
66
A la b a m a . .
M is s is s ip p i-• 61
L o u is ia n a ....
ft6
T e x a s .............
781
A rkansas ...
761
T en nessee. .
81
M is s o u r i........
6 0 ....I
Indian T e r . .
O k la h o m a .. 6 5 !

....N icaragu an , 4 ,106_. . . . . . .

62
79
9
90
94
91

81
81
83
86'
90
87

91
81;
90
84

79;
78
87
95

88

77
82
81
81
S3
80
82
81
76
93
95

84
89
84

88
81
84
86
77]

88, 86

631
76.

87

1895.

States.
iJ u n e . J u ly . A u g .

Sept.

86
93
88
92
84
93
78
70
69
65
89

80
70
70
71
72
66
61
60
62
60
6L
81
60
65

. 9 7 -2 1 9 2 '5 1 80-1

6 4 -2

87
100
98
94
90
98
100
100
80
100
107
90

85
103
104
94
92
102
118
! 92

M is s is s ip p i..

L ou isia n a...
T e x a s ..........
A rkai s a s ...

^ 92

O k la h om a .........

Aug.

100
74
84
89
93
83
86
77
76
93
92

81
74
81
*7
92
81
83
71
71
80
81
86

67
61
72
82
82
85
84
85
79
89
87
89
70

i

81 0

_
—

i
•J2-3 1 77 9

S ept.
84
78
82
76
89
7 i
75
7«»
56
7b
75

....
70 9

T h b E x p o r t s o p C o t t o n f r o m N e w Y o r k t h is w e e k s h o w a
d e c r e a s e c i m p a r e d w i t n l a s t w e e s , t h e t o t a l r e a c n i n ^ 4 ,4 3
b a l e s , a g a i n s t 7 ,1 6 0 b a l e s l a s t w e e k .
B e lo w w e g iv e
u s u a l ca b le , s h o w i n g t h e e x p o r t s o f c o t t o n f r o m N e w Y rk .
a n d th e lir e o t io n , f o r e a o h o f t h s la s t f o u r w e e k s ; a is tb e
t o t a l e x p o r t s a n d d i r e c t i o n s i n c e S e p t . 1 , 1 8 9 6 , a n d i n t h : la s ;
c o lu m n t h e t o ta l f o r th e s a m e p e r io d o f th e p r e v io u s y e a r .
■ x f o r t s o r c o t t o n ( b a l e s ) f e o h n e w t o r e s i n c e s e p t . 1, its 6 .
W e e k E n d in g —

Exported to—

A ug.
28

Aug.
21.

1 ,7 6 9 1 1 ,3 4 7

L iv e r p o o l__ ________
O t h e r B r it is h p o r t s

1 ,7 6 9 1 1 ,3 4 7

T o t . t o G t B k it ’ n .

S ep t.
11.

5 ,1 « 7
200

2 ,5 7 9
300

275

B r e m e n ........... ...........

2 ,0 7 5

497

H a m b u r g ......................
O th e r p o r t s . ................

267

50

2 ,3 4 2

547

T o t . t o N o .E itkope

100
3

Spain. Ita ly , & o.
A ll o t h e r .........

2 ,8 7 9

8 ,0 4 6

1 ,9 5 9

505

505

376

505

505

376

1 ,0 3 7

1 ,0 3 7

752

1 ,0 3 7

1 ,0 3 7

752

709

200

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

1 J .5 7

103

1 ,1 5 7

4 .3 8 6 11 9 9 7

7 ,1 8 0

.........

1 ,9 5 9

656
656

T o t a l F r e n c h ___

7 ,7 4 6
300

5 ,3 6 7

275
..........

H a v r e ________________
O th e r F r e n c h p o r t s ..

O h a n ti T o t a l . . .

SepL
4

Sam e
p e r io d
p rev io u
year

T o ta l
s in c e
S ept. 1.

700
4.421*

209

10,2881

3 ,2 8 7

T h e F o l l o w i n g a r e t h e (J r o s s k s o b i p t s o f C o t t o n a t
N e w Y o r k , B o s to n , P h ila d e lp h ia a n d B a lt im o r e f o r t h e past
w e e k , » n d s i n c e S e p t e m b e r 1 , 1890.
N «W YORK.
R e c e ip t.
T h ii
■Since
x a e t k . Sept. 1.

N , Orleans...
T e x a s.........
Bavann'h Ac
M obile.........
Florida........
Bo. Carolina
No. Carolina
Virginia.. ..
North, ports
Tenn., Ac...
Foreign........

3,842
6,1*26
8,758
.........
745
7I»8
1,8T0

4,135
10,700
8,956
............
2.049
1,608
2,310

35

S5

Total.........

20,503

29,801

L a st year....

7,016

10.253

BOSTON.
TM a

Since
week. Sept. 1.

.

233
121

505
.......

B a l t im o r e .

Since
T h ii
week. Sept. 1. w e e k .
T h ii

............
505

.

PHILAD*LPH’A

79

79

Sine*

St pi

1,407

233
121

191

859

859

270

270

1,422

1,422

1,223

1,223

625

625

300

300

191

16
.........

6 ,7 0 1
S «S S
2,093

15
.........

S h i p p in g N e w s . — T h e e x p o r t s o f c o t t o n f r o m t h e U n ite d
S ta te * th e p a st w e e k , as p e r la te s t m a il r e tu r n s, h a v e r e a c h e d

8 5 ,7 2 3 b a le s . S o f a r a s t h e S o u t h e r n p o r t s a r e c o n c e r n e d t h e s e
a r e t h e s a m e e x p o r t s r e p o r t e d b y t e l e g r a p h a n d p u b l i s h e d in
t h e C h r o n i c l e la s t F rid a y . W i t h re g a r d t o N e w Y o r k w e
i n c l u d e t h e m a n i f e s t s o f a l l v e s s e ls c l e a r e d u p t o T h u r s d a y .

300
.........

we//).

Q en oz.

157

450

T o ta l.
4 ,4 2 1
8 ,4 1 3
1 4 ,5 4 0
3 ,8 0 8
2,093=
947
1 ,5 .1

1 ,0 3 7

605
„

6,701
!!” ”

31808

400
,4 5 6

300

2 2 ,1 1 5

1 ,4 3 7

157

4 ,2 5 8

3 5 ,7 2 3

B e l o w w e a i d t h e c l e a r a n c e s t h i s w e a k o f v e s s e ls c a r r y i n g

e s t o n —T o

L i v e r p o o l - 8 8 It. 5 - 8 t e » m e r s B a n 11. 3 .6 1 0 ; Y u o t t H L
4 , 9 8 6 ___S e p t. 9 — S t e a m e r L e g i s l a t o r , 6 , 1 8 1 — S e p t . 1 1 — S t e a m e r
W u. B r a i f >ot > ,4 9 2 .
_
,
N e w O r l e a n s - Co L 'v e r o o o l S *pt. ft -S t e a m e r C o s t i K ic a a , o , ^ *—
S e p t. 9 — b t e it n e r .VlexiOAu, 4 ,2 6 7 .
T o H a v r e - S e p t 8 — St -* n e r 0 t. n >*na, 5 ,0 9 3 .
f o B e m e u — S o r t L L -S te a m -* r A f r i c a , L,2 9 0 .
.'^TA.aLEdTON — L’o B a r o e l o u a - S e p t 8 S te a n ^ r A x m j n ^ r , 3 , o b c .
B oston
' - L l v e r p u>i— s e p t 4 —S t e a m e r N o r s e m a n , i , 3 0 9 . . . . s e p t i o
nre m s r S y i v a n i i , 2 , 0 0 '
S e p t. 9 - S t e a m e r £ a n s * 8 , 1 , 6 o 9 .
B a l t i m o r e — Co L iv e r do >1 - S m t. 2 —S t e a m e r V e i a m ^ r e ( a d d i t i o n a l ) ,
4 >3
8 e p t . 9 - S t e trner U la t e r m o r e , *2,195,
f.y T o B r e m e n — S e p t. 1 0 — s t e a u e r S a iie r, 3 5 0 .

Cotton freignts toe past week have been as folioWsi
S a tu r .

M on.

J
J

b32

9B4'®532 96 4 ® 5.I2
....
....
30' §
30 §

984®^32
....
30 5
....

|

F ri.

T /r o r s .

W ed n e s .

T u es.

;

L i v e r p o o l ............. d. 9«J4®532
Do
............. d .
....
H a v r e ........ ............
30 5
D o ..................... .c .
....
B r e m e n ................
d64
Do
................. .c.
....
H a m b u r g ............. .c .
*4
D o S e p .& O o t .c .
....
A m s ’d a m , a s k e d . c .
27t
R e v a l, v . H a m b . .c.
381
Do
v . H u l l . . d.
318
B a r c e l o n a ............ d
....
G e n o a ................... d,
B33
T r ie s te , J u ly 2 5 . d.
®33
A n t w e r p ...............
’8
G h e n t ,v . A n t w ’ p.rf. 6

3 0 lf e

---- -

....

9a4
....

»04*
....

B32

>4

®64-

381

H
....
271
38t

271
38t

3ia
...

318
....

316
__

5 a
5 2
18 ® 9fi4

B3I
532
1 «® 9 64

;
•

964
....
*4

>■

271

o
ns

....
25® 30;
lB61

53i
B32
18 ® 904
“ 3 2 ® “ e4 63 2 ® l l 64 53V ® U 64

63a
®18
984

L iv e r p o o l .—By cable from Liverpool we have the folloT
statement o f the week’s sales, stocks. &o., at that port.
A u g. 21.
S a le s o f t h e w e e k .............b a l e s .
O f w h ic h e x p o r t e r s t o o k ___
O f w h ic h s p e c u l a t o r s t o o k . .
S a le s A m e r i c a n ........ ......................
A c t u a l e x p o r t ..................................
F o r w a r d e d .........................................
T o t a l s t o c k — E s t i m a t e d . ........
O f w h ic h A m e r i c a n — E s t im ’ d
T o t a l i m p o r t o f t h e w e e k ..........
O f w h ic h A m e r i c a n ..................
A m o u n t a f lo a t .................................
O f w h ic h A m e r i c a n ..................

A u g 28

1 ,0 0 0

2, 100

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

M a r k :et,
et, (
1 :4 5 p ,• M S

S a tu r d a y M o n d a y
Small
Inquiry

3 3 , ,000
3, ,0 0 0
4 5 , ,000
515, 000
337, 000
14, ,000

M id .U p l’ d s .

4 H ],

4 2 5 32

S a l e s ............
S peo. & e x p .

4 ,0 0 0

8,000

200

M a rk e t,
4 P. M.

Quiet.

T h e p r i c e s o f fu
b e lo w . P r ic e s a
c l a u s e , u n le s s o r
T he p r i c e
3 6 3 - 6 4 $ ., a n d

ance.
Steady.

5 ,000
4 5 .0 0 0
4 5 i,b o d
3 3 5 ,0 0 d
2 2 ,d 0 0
2 0 .0 0 0
5 3 .0 0 0
5 0 .0 0 0

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

1 1 .000
4 9 .0 0 0

JO
J00

itre

iaud.
4^7$ >

W e d 'd a v

45.000

Thursday-1 Friday'

F a ir
busin ess
doin g;

|M od erate
dem and.

Q uieter.

4 l3i6

4 2532

41*16

10,000

8,000

8,000

500

1 ,5 0 0

. at

2 ,2 0 0
3 3 ,0 0 0 ,

s p o ts a n d fu tu r e s e a ch
Che d a i l y c l o s i n g p r i c e s

10,000

F u tu r e s .

4 7 ;0 0 0

.,000
6,000

Tuesda

500

Steady at Firm
M a r k e t , i 2-«4 <3 3-64 3-64
1 :4 5 p . M .1 decline.
adv

S c p l. 1 1
3 6 ,0 0
1 ?
,0
i:
,o o '
31
400

11,,00'

3 7 , O'
33, r

Moderr

tin g

S ep t. 4

40, ,000
1,,800

3 6 .0 0 0

T h e t o a e o f t h e L iv e r p o o l m a r k e t fo r
d a y o f t h e w e e k e n d i n g S e p t . 11 a n d
o f s p o t c o t t o n , h a v e b e e n a s fo llo w * .
S p o t.

1,407

Bre­
men.

_

Bull. Havre.

N e w Y o r k .................
2 .5 7 9
NT. O r le a n s ................
O 5 ^6.
7 ,8 3 9
l a W e a c o u ..................
S a v a n n a h .............................. •
P o r t R o y a l .............
2 ,0 9 3
B o s m n . ..................
, 947
T o ta l. .. .. .. .. . .. .

J u n e. J u ly .

„

The^artioiilarsof these shipments, arranged in our u su il
form, are as follows.
Ani-

—
1896.

- -.0
157
lo u

3 5 ,7 2 3 :

TakiiiK the above figures for September in conjunction
with those for the previous month, we have the following

F lo rid a ........
A la b a m a . ..

'V,?®

1 ,1 0 1
B a ltim o ^be4—to ^ L iv e r^ m L j^ r^ ste a m e r V e d a m o re . 1 , 1 0 1 ............
T o B rem en, per stea m er HalLe, 4 0 0 .........................................................

pool.

A v e r a g e .- . 6 4 '2 ;7 0 '8 -8 5 '9 7 3 -4 7 6 ’ 8 B 2 -~ l8 5 -3 l8 6 -6 3 3 -8 l8 2 -8 l8 2 '0

South C arolina.

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

T o H a vre, per s te a m e r B e n cro y , 6 ,7 0 1
...........................
S k v a n n a B - T o G e »oa, par ate* n e r --------- 3 ,8 0 8 - - - - - - - - - ................
P o r t R o y a l To L iv e r p o o l, p e r ste a m e r J a m a ica n , 2 ,0 9 3 . . . . . .
aosTOM—To L iv e r p o o l, per atea aera C ainbroin an , L 9 3 ... .L a n -

L iv er-

91
99
97

605
1 ,o s ^

T o H a vre, per s t«a ner \I rnnsli PrlnOS^ iSO . ............................
T o A n tw e rp , per st -am sr M oor^ ti P rm o e k 1 5 7 ...........................
T o G en oa, per steam er Oil oa u P ria o e , 4aO_. . . . . . .......................
I a l v e s t o n - T o L lv e rp 10I, per stea m ers A la v a , 4 , 5 3 9 ........

go

84 100
7 w 8b
86
82
84
76
89) 82
86
71
85
75
70

'-m o

T o B rem en , p e r ste a m e rs j . a . M eier, 7 3 7 '
Ne w ORLK an » - i ’ > L iv e r p o o l, p e r ste a m e rs N a v ig a to r, 3 ,4 5 0

S T v A T f o l l .w ln g 1 o o U ^ f ^ i - - » P « » r * - :
-•f
a
X

V o m k —T o L iv e r p o o l, p e r s te a m e r T a u rio, 2 ,5 2 8 u p la n d
and 51 Sea Isla u d - - - . , ---- ..AT""*
"*
*
..... . . . .

500

500

F irm at
S--61 ad*
vance.

Steady at
artia lly
-04 adv.

Steady.

Irreg. at
1-64 ■<!. 3-64
adva n ce.

B arely
Bteady.

Barely
steady.

Q uiet.

Barely
steady.

f

.h e t w is e s e a te d .
j m fe t/ iw n
and aU h4 J h n u ta n s 4 l-6 4 d l.

3 63 meant
Th" S-

THE

September 12, 1896.]
S a tu r. Mon.
Sept. 5 to
Sept. n . 12%' 1 1:4.5 4

T u es.

W ed.

T h u rs.

CHRONICLE.
OBA®.

F r i.

11:4S 4 1:45. 4 1:45 4 1:45 4
iP.M. P.M. F. M. P.M. P . P . M. P. M. P. M. p.afs P.M. r.sr. P.M.

4H9

Wheat—

Spring-, p e r b u s h ..

Red winter No. 2 ..
Red winter...........
Hard,No. X........ . .

e,

a
65% a

01

e,

69
67%

Corn, per bash—
0.
0.
West’ jj m i x e d . . 23q n 28
No. 2 mixed.......... 25% »

6 1 a 63
W estern y e llo w ... 26 a n %
6 8 % a 63%
W estera W hite___ 26 a 29
a. d. d. d. d. • d. d. d. d. d. rf. d.
Rye—
O a ts — M ix e d , p e r b n . 17 ® 21
----------41 1 41 4 46 1 47
September. . ,4 3<> „1„3 ,1 4 ,1
Western, p er bush. 38 O 40%
4 4 1 4 3 7 4 8 7 1 4 34V3“
i 374 34
White...................... 20 a 2 9 %
Hep?. O c t .. 4 23 l 2 9 4 34 4 3 1 4 11
4 34 4 31
394 35 4 35 4 33'4 35
State and J e r s e y .. 40 a 41
N o. 2 m ix e d ............ 20 * 21
O et.-Sw .... 4 27 4 26 4 31 4 31 4 33.4
32 4l 329
1
374 33 44 33
lU 31 So. 2 white............ 23 a 24
Barl<-v—W estern___ 35 S 39
S o r . - B e t ) . . .. 44 : 325%
4 s ^24
4 4o v30
, t 4
j y30^ 4 38
Dee.-Jan. .. 4 25 4 24 l 30 4 30 4 3H 4 36 4 33 4 33 4 31 4 33 4 32,4 29
Feeding................. 32 a 33
Jan-Jeb ... 4 26*4 24 4 30 l 30 4 36 1 16 4 33.1 33 1 31 4 33 I 3T2 1 29
A g b ic t l t l ’ r a l D e p a r t m e n t ' s R e p o r t .— T he A g r ic u lt u r a l
3 1 * 3—
4 1 S3! 1 ...0
Felt-March.. ----------------------- --. 3<> 4 33:4 33 4 g*i|
4 3 ' 4 34.4 33 4 32 '4 34 *3314 30
M o h .-A p r il..
. 31 1 31 4 37.4 37 1 3 1 4 ; « 4 32 1 35 4 34:4 31 D e p a r tm e n t's r e p o r t o n th e c e r e a l crop s w as issu ed o n S e p ­
AprfS-May.. .
May-Jane . 4 29M 27 4 32 4 32 4 37 S 39 l 35 4 34 1 33.4 35 4 34.4 32 t e m b e r 10, a n d is g iv e n b e lo w :
-- — 4• 39 4 —
J n n e - J n l r , 187 1 29‘4------------33,4 33^138
33 ' l 3314 33 1 36 4 35 4 32
The September report o f tho Statistician o f D op irtm en t o f Agri­
...J
July.-A uk ■
culture shows a il,' line In the condition o f ooru from the August

statement o f Six points, or from 96 o -r oout la A ugust to *H lo Septem ­
ber. Tne averages hy States are: Maine 97. New Hampshire 35,
Vermont 99. Massachusetts 100. Rhode Island 95. Oouueetiouc 100.
Sew York 1) 8 . S ew Jersey 90, Pennsylvania 9:1. Delaware 100. M ary­
land 94, Virginia lo o . North Uarolln < * •• smith Carolina 85. G eorgia
8». Florida 36. Alabam a 80, Mississippi "O, Lusil.'aaa « l , Texts 10 .
Arkansas * 2 ,Tenne-sai-e 8 2 , West Virgin! i u u . KeuM oky 9 1. Ohio
10 4 , MkdlJkas 1 0 1. Indiana 100. tUln >U 100. WiSJOuatu 1 »2, Mtauasota 9 3 , tow * 1 0 1. Missouri s>. Kaunas so, Nebraska 103. South
Dakota 05, North Dakota U5, Moot ina 100, W rum iag 10 0 . Colorado
70. New M exico lt>■>, Arinina 1 0 , U tih 101, Idaho 100, Washington

B R E A D S T U F F S .

F r i d a y , S eptem ber 11, 1896.
A fa irly Arm m arket has been resorted for w heat flou r.
T he am oun t o f tuHtness transacted, h ow ev er, has been very
m oderate, aa g a lls h ir e been sligh tly ab ove bu yers a n d th «ir
view s.
N orth w est m ills have reported g o o d e x p o rt bids
100. O regon 9 0 . C a lifo rn ia 84.
but o w in g to the h igh ocean freigh ts " 1 »v n ave n ot resu lted
Although there has been a falling off tu con d ition tn som e States,
in business. 1 itv m ills h a ve had a m od erate ca ll at steady
paniou U rly in Kansas and Nebraska, the crop this year prom ises to
prices. R y e flou r has been in fa irly g o o d dem an d at steady be a latae one, Nearly all tha great Central State* report a high
prices. Corn m eal has been in better dem an d fo r the W est oondltiue. though wltli m any local reports o f drouth, flooding, rslos,
India trade an d prices h a ve ruled steady as last revised. T o­ tea. et«, or. alopg the N on hern border, early frosts. K ou t'iokr and
Missouri report eonshterablu Injury by d ry weatber. and tills Impaird a y the m arket fo r w heat flou r «a a fa ir ly a ctiv e an d firm .
m ent Is shown I* alt ike stares to th > South, Inereaslng toward the
There has been very little a ctiv ity to th e sp ecu la tiv e dea l­ triiff Later crop ho * fared w orse in moat Suites. The Paoitio Slope
ings in th e m arket fo r w heat fu tu res, a n d cha nges in prices sen d- favorable reports.
The general eondltioo o f wheat, ooaslderlng both winter and spring
h ave been unim portant. A free m ov em en t o f the c ro p in the
varieties, when h a rv ested w as 7 4 -6 , a g a in st 75 4 lu 1 89 * an d 8 3-7 In
N orthw est h a v in g been offset by steady foreign a d v ices a n d a 18^4,
co n tin u e d e x p o rt dem an d, w h ich has been restricted , h ow ev er,
The reported conditions to* the principal wheat States are as fo l­
to so m e exten t by sca rcity o f ocean freigh ts, the bu lk o f the lo w s : Ohio 52. Michigan 75, tudD ua «>L UUtwt» 77, Wisconsin 70,
Minnesota
80. l o « a HI, Missouri 75, Kauaaa 7->. Nebraska 7 r, Smuh
business transacted has been via ou*p > r«. A lim ited a m ou n t
S 78. Norlb Dakota 61, California 100, Oregon 80, Washing­
o f business, nevertheless, has been transacted in the ton 75,
East o f tho R ogky M nuotelus com plaints o f both quality and quaalocal m arket, an d yesterday th e sales in clu d ed S »- 2
hagd
w im e r
at
61 ]c .
f. o . b.
at! >a*:
No. 1 hard tlur Of tli- wheat crop are alm ost universal, the causes alleged b -iu g
w loter killing, duo to deficient sn ow o o v e r ln s ; stuutad grow th due to
D uluth at 67c. f, o. b. afloat, an d
No. t N orthern early d rou th : Insert attacks; rust, and capeol »Uy the prcvalon t heavyD uluth a t 63c, f. o. b. afloat. A u tu m n p low in g is reported as rains follow in g harvest, from which a targe percentage o f the grain
fairly welt ad vanced and seed ing is exp ected to a t least « p ia ! sprouted and rotted In the sh o rt. A fe w scattered counties are ex­
The earty-tbrashod grain in som o States escaped Injury nad
last year's. T o-d «y the m arket was fa irly a ctiv e and prie»< cepted.
the spring wheat fared generally better than winter Wheat.
ad va n ced rather sh arply on a do t an d from “ sh orts" to co v e r
The P.o'iti. Slows suffered sum ow h« , eh!#(£y from d ry weather,
co n tra cts in reponse to stron ger ad vices from th e W est, w here sh rin k in g th e grain , b u t n o t so g e n e r a lly as the Central anil E astern
the cou n try wa» reported to be b u yin g. Che s p o t m arket wa« S taffs
Tim European agent o f the Departm ent reports a general reduction
lew a ctive, bu t firm er w ith fu ur--i. The ta les t a o lu i- d No. 1 front e irlier estim ate- o f the wheat crop aw ing to unfavorable weaihh ard D uluth at 68>£0 . f. o b. a floa t; S i , 3 red w in ter w as rr, which was p srticoU rly bad at h u .- t - t Urns in - 'antral lioropo.
qu oted at 67-";. >*67?*c. f. o. b. a flg it an d N o. i N orth ern though falrlr good wiv-tward. Quality o f grain r-p oru -d high. Oats
and barley w ill 00 short Cora crop in the Southern peainsulas look­
D uluth at 66}:|C. f. o. b. » float.
ing SV*dl.
Condltl >n o f oa«* when harvested was 74 O per cent, agafust 77'3 In
OAiur ou teofo raiues o r to . 2 rmo wnrris* w n ta t
A
rye, 82-; uarley, 83 't *, baekw.ioat. 9 - r ! ; tobxceo; 81*5, a fall
Hat
Mon, Tusm Wsui TMfi AVI. o fugust;
live jioluts s in ce A n g u s ! : p o ta to e s . 6 3 '2 . a g a iu s t 9 0 8 p e r cen t la s t
September delivery.
03%
04%
627,
a
63 -a
year.
O
83%
61%
63%
OfKolHfdelivery. ..
65 H
85%
66%
Detwmiwr i-llvery . . . . 4 0S%
#.»%
5
Titt* m o v e m e n t o f b r e a -lttu tla to imirkafc m in d ioa ta d i a tha
084,
09%
May delivery., . . . . .
u-%
««%
0s %
Htatamenti b elow fa ftira ish ed to its b y th e S tatw tioia n o f th e
T he sp ecu lative dealin gs in the m arket for Indian corn N ew V ork P r o d u c t B xoh a tige
W e first g iv e sue reoeip ts a t
fu tu ris have been qu iet, ai d early in the w eek prices d e ­ VVvHtorii lake a n d river p ir t s . a rra n ged *0 as t o praaaat tha
clin ed ; su bsequ en tly, h ow ever, fe a r o f d a m age to the gSow ­ com p a ra tiv e m o v e m e n t to r tha w eek e n d in g Sapt. 5, IS 10,
in g c ro p by frost* and a co n tiu u e d g o >d e x p o rt dem a n d s im u ­ a n d -i ioe A u g u s t 1, fo r e a c h o f the List three y ea rs:
lated som eth in g o f a dem and from “ s h o r n '’ to c o v e r co n
tracts, and prices m ade fra ction a l ad va nces. In the spot
0?»r«* | (tot*.
Biriey.
Ftimr. | irasit.
flu*
m a rk et shippers have been g o >d buyer* and the business
Bmh,mnw\
nmhM&n Bmk. miii* BmhMtba
transacted yesterda y in c lu d 'd N o 2 m ix-si at
in store. Chicago.....
2,«7i$ mu. i,m , ia >
mjm
Ul$W
-9J j c - delivered and 37@27*^o. f. o, b. afloat D ecem ber an d Mllwsukre
4M59
u
33.5 m
125.600
Janu ary s h ip m e n t; also No. 2 y e llo w at 27c. in elevator
48,073
a vris
Dulath . ...
iW 2
78,019
umm f .100.3*0
Considerable e x p o rt business has also been transacted at o u t
117.2*0
0.110
« i
p o n s du rin g the w eek . T o -d a y the m arket w as firm er on a ToJ^lo---- mi 0oo
m*m\
45.100
16.20J
3U510I
i73
tm
\
n,m\
reduced cro p m ovem en t and in sym p ath y w ith the advance Detroit,. ...
.......
......
101,714
45.930:
in w heat. The an >t m a rket w as m od era tely active an d Clev.tSsH ..
5,275
sms ml m&Mi
750
9J...W
firm er. * T h e sales in clu d ed N o. 2 m ixed at 27'.,v|r3H!.j' e. t.o . b, BL Ltml*.,,
2.109
60 Htid nmmi
Pmrte . . . .
m m
4,SOU
afloat, Septem ber to Ja nu a ry d eliv ery .
W
L
W
m
......
sw.ooi
mjm\
i.W j
o » n .r OMMf.to r « i as
so.
t ix s n M n
W&0hs\ «,U49l7i
tjm .m
3>i,7l5
201.497
Tol.wk.’WS
Sal
Mon
F*»
Wed. Tdurt.
Tms
509.210
g.Mr.aw
73,798
iwpt- mii.-r delivery...... 0. 2 5 %
851,7»ij
25% Samewk/O'i
25%
25%
25%
a
o
O ctober delivery.. ........ a. 26%
2
'.’
,
25 V
26% Seine •k.’W
77,375
m.irii; J.teLJi" M il, m\ 2.m673 1.312,508
December delivery...... e. 27 %
27%
27%
27 %
27% Sine*J ug.1
s»
May d e l i v e r y ......____0 . 29%
29%
2:1%
29%
30
imm.,,.... X,lS4.800| 23^45,5 *.l! 19.717. II1 19.U0.29-) 1.310,3H1
822,468
Oafs fo r fu tu re d e live ry have been quiet, bu t d a rin g the U tter
ims ......
t0,«IW&B IL'i.i.iO U-SIS.i 5 1,013,040
458.U9
321.376
part o f the w eek prices ad v a a cw l, as there w as som e b u yin g
m*....... y g a a a . 31^902.! m a.i tuM ? IW M H 3.217,08-.)
b y “ s h o r n " to c o v e r co n tra cts on a decreased c ro p m ov e
T
h
e
receip
ts
rtf
flou
r
a
n
d
g
ra
in
a
t
th
e
sea
boa
rd
p
orts
fo
r th e
inenr, in the sp ot m arket the hom e trad e t i n been a fa irly
a ctive bu yer, and a lim ited d u m b er o f pu rch ases h a v e been w eek en d ed S ep t 5, 1806, fo llo w ;
Wh*u, (term*.
Ottf.
Birtey,
m ade by skippers, prim s h a v in g im proved sligh tly w ith fu ­
bmh.
Imth.
’hmh
n***
hbt>
bmh.
ture*. The sales yesterda y in clu d ed N o. 9 m ixed at ifl’ dtg San York......... ..
»75 13Is760
9i7jm S7M.fr, h*M«k)
Btjskio ....... — ...
351.543 isz.in
I9s4.c. in elevator an d N o. 2 w h ite at 28c. in elev a tor. T o - d w
mntv* m m
18 44 4
aCofUMl. ...__ ... ¥*&& 4$UU
%5hm
177.818
800
the m arket w as firm er but quiet. T he 8pot m a rk et was m » l- PhliiVloi .I lia ..........
in, i n* *58. m
iV.ML
... ......
erately a ctiv e and firm er.
Che nates in clu d ed No, 3 m ixed BalUraoro
rtl i
n so)
Kidhmniitl . . . . . . .
i.v>i
niS-n
ia fs
S0 o rlean* ........ 13.1i i tn t\m i $hmi 4S»*470
at 20c. in elevator and No. 2 w h ite at 28c. in elevator.
DAK.T o t o e i s o r a w s * o r s o . 2 r i x e o o * r s

Sat
Hon. Turn, Wed Thdrt. #ri.
September delivery___c. 14
20
aa
19%
19%
1»%
Oetubet delivery ... . .r. 19%
20
Js
19
l!>%
19%
December dell very.......<5. 20%
7* JC 30
20%
20%
21
T he fo llo w in g are clo sin g qu ota tion s:
rtotr*
f in e ...........b b l . s i 60S 2 n o Patent, w inter.......................#3 3 5 0 3 6*

Superflae....................
Extra. S i,.2
.........

1 7 0 * 2 10 City mUfa e x tra*....... 3 3 * 3 88
1 1 0 * 2 2 m Ky.. d.m r.-m nerllne., 2 2 * * 2 6 0

■ (fra ,N o, 1 .............
Clear*................
•ttsikkta...................

2 4 0 * 3 65 . Bnnkwtiest flour.........
2 BO* 3 10
Corn m eal3 201* 3 * 0
Western, Ao..„ 1 9 0 *

.....

Patent, spring. ....... 3 4 0 * 3 75 B r a n d y w in e ........
205
[ Wheat Boar la sank* sells at prl- es below those fo r b a rre ls.!

2 00

Total <rs«k........ iwr.fi *2 2.43l.Wt :l.S»M0» l,2!«.PU
*10,19* I .W W I t.-i*M ii
KH.utt

Weafctsa*. ...

1,375
___
.fii.iw

-lte.iO*
, . ,
s i .n i

i 'it! w t a i r e ce ip ts a t p orts n am ed in b u t ta ble fr o m Ja n 1
to S ip t. 5 co m p a re as fo llo w s fo r fo u r years:
18*36
1895.
1893
1804.
12,905,570
10.8 ’,2,227
floor
... . ..bftl#. 8,0 >9.190
13,631.312
. . . . . . . .banh. 88.202.705
0M21 UO
23074099
S-iTu.iil
37,297,187
>*fn . ..........
35.751.781
8*4786,703
- 60. *00 084
33.034 408
29 391 427
27,082 01a
3*fe# .
... .. * 45.848,838
1.703,730
** 5,20*, 100
2,71 ),7 *L
1,508 232
4%rlisr, ... ....
338 180
m.xm
889 681
.. .. . 2WIMI
108,57405
141,358.030
. 151,018,35
pMit*lflrfui.o
MJIIW2
T h o ex p o rts fr o m th e several seaboard ports fo r th e w eek
e n d in g Sept. 5, 1803, are s h ow n in th e a n n e x e d sta tem en t:

3

THE

470
S a p or ta from Now Y ork.......
Boston,..........
. .**■
pbU»ul<Hj>ih*«*

B»Jtiiaoro,. . ... .

How Orleans.**

Norfolk . . . . . . .
Newport Nows .
Montreal..........

,
,
,
,

hush.

133 334
30,274
6,?d8
7,320
72.778
1,042

118,001
189.958
783,913
270,810
257,112
267*217

157,636

Ocw#.

Flour,
bbls.

Oom,
bush.

Wheat,
bush.

479.584
*96 019
164,101
2 )1.490
249,390
104,818

T ota l week . . . . 1,782,456 2,49X810

4,513 1,123,408
----. .
Satan time 139$. ..., 83

Peas,
bush.

B ye,
bush.

58.924
25,014

73.531

76,666

25,714

27,720

4,870

51,218

s ir

213,8)6
59.034

42*412

23,078

309,147
171,978

455,172
59,323

141,687

32,943
41,317
.

The destination of these exports for the week and since
September 1, 1895, is as below. W e add the totals for the
corresponding periods of last year for comparison:
■Corn.-------- "
-W h ea t.-Flour.----------s
W eek Since S cot.
W eek
Since Sept.
W eek
Since Sent.
JSaports for
1,1896
Sept.
1, 1890.
1. 1890 SepL 5.
Sept. 5
%o*tk and sin
bush.
bush.
bush.
bush.
bills.
hbUi
Sspt, 1 to—
219,115 1,221,487 1,224,487 1,119,377 1,119,377
Dnitefl K ingdom 219.115
V,0i.46ri
1,304,400
491,800
491,830
37,080
37.080
C o n t i n e n t ..,,....
995
945
2,400
2.40)
22,237
22,237
8. A C . A m e r ic a .
17,041
17,611
24.445
2i,415
W est Indies.. ..
16,000
16,0)0
3,892
3.892
Brit, N. A , Col’s.
32,361
32,301
'13,709
13,709
2.322
3,322
O ther c ou n tries ..
T o t a l - , . . , ..........

339.147

1,732,450 2.490,840

309,147 1,732,450

2,490,840

980.548 1,123,408 1,123,408
171,973 980,548
171.973
Total 1895.
The visible supply of grain, comprising _the stocks m
granary at the principal points of accumulation at lake and
Beaboard ports, Sept. 5, 1898, was as follows:

Wneat

In store a t —
bush.
New York.................. 2,808,000
Do
afloat....... 114,080
Albany.....................
...
Buffalo ................... 1.630,000
Do
afloat.....................
Chicago .... ..............12,976.000
Do
afloat......................
M ilw aukee............ 372,000
Do
afloM.......................
Duluth..................... 5,517,000
Do
afloat.......................
T ole d o ...... ........ 713,000
Do afloat.......
.........
D etroit................... *145,000
Do
afloat......................
Oswego...,.............
30.000
St. Louis................. 3,180.000
Do afloat.......
05,000
Cincinnati.............. .
8,000
Boston .................... 925,000
Toronto................ .
108,000
M ontreal.............. 284,000
Philadelphia............. 635,000
Peoria....................... 178,000
Indianapolis..... ..... 3)1,000
Kansas City.............. 659,000
Baltimore.............. 1,351.000
Minneapolis.............. 11,472,000
On Mississippi River.
60,000
On Lakes..............
1,603,000
On canal an 1 river... 952,000
Total Sept. 5.1896.46,495,000
=Total Arag. 29,1800.45,574,000
Total Sept. 7,1895.36,754,000
Total Sept. 8 . 1894.09,1^8,000
Total Sept. 9,1893.58,140,000

THE

DRY

Bye,
bush.

8,000
25.000
91.000

1,704,000
13.000
50.000
350.000

B arley ,
bush.

1.889.000

135,066

279,000

5.187.000

1,723,000

396,600

39,000

103.666

47,666

iso,666

Oats
bush.

Corn.
hush.

“ 1,000

97.000

13.000
75.000

35.000

349.000

210.666

113.000

286.000

*04,666

10,000

' 47,000

’ 23,00*6

75.000
818.000
50.000

' 84,0*66

19,000

'

38,000

4,666

2.000

*15.666

*59.000

211,000

6,000

100,000

‘ 17,066
b.666

3,000

63,000
7,000

10,000

413.000

200,000

05.000

414.000
60,000
56.000
23.000
1,270.000

401.000

22,000

20,000

11.000

*37*.666
192.000
33.000

2,877,000
282,000

536.000
095.000

235*000
409.000

328.000
30,000

13.781.000
13.964.000
4.782.000
3.646.000
5.657.000

7.274.000
0,735,000
3.194.000
7.875.000
4.073.000

1;709,000
1,690,000
518,000"
322.000
358.000

1,108,000
740.000
137j0«0

11.000

GOODS

[Vol. LX1II,

CHRONICLE.

1 , 121,000

349.000

TR A D E .

The market for brown sheetings and drills is irregular, but
in an upward direction, advances of
to J^c. per yard
being reported in mo3t directions for spot goods, whilst sellers
are hardly disposed to make quotations for future deliveries.
The demand has been m ore general and stocks are frequently
cleaned up. Brown ducks and Osnaburgs are advancing also.
In bleached cottons the market is J£c. higher for medium and
better grades and JfjC- higher for low-grade goods. The quo­
tations for Lonsdale, Fruit of the Loom , Hope, Blackstone and all similar makes have been raised %o,
A
good business was done on the eve o f the advance and
fair orders taken since. W ide sheetings are tending u p ­
wards with moderate sales. Danims are strongly held and
with ticks, cheoks and stripes, plaids and other coarse
colored cottons, have a hardening appearance. Kid-finished
cambrics advanced
c. under print cloth influences rather
than from any increase in business. There has been a good
demand again for fan cy prints and finer specialties. Regular
calicoes of more staple order are selling more freely w ith a
firmer tone. There has been no change in the market for
ginghams. The extreme reserve o f sellers has prevented free
sales o f print cloths, and with but a limited amount o f bus­
iness prices have advanoad 3-10c. for both regular and odd
goods. Extras quoted at 2 lt-16c. but sellers not offering
thereat.
1896.
Stock o f P rin t C loth,—
SepL 5.
A t P r o v id e n c e , 6 4 s q u a r e s . . 389,000
A t P a ll R iv e r , 64 s q u a r e s .. . 8 72,0 0 0
A t F a l l R iv e r , o d d s i z e s __ . 7 1 1 ,0 0 0

1895.
SepL 7.
10 8 ,0 0 0
23.000
69.000

18 9 4 .
1893.
SepL 8.
Sept. 9 ,
13 4 .0 0 0
1 7 6 .0 0 0
288.000 V
4 5 2 .0 0 0
16 4 .0 0 0 \

T o t a l s t o c k ( n i e c e s ) . .., ,1,9 5 2 ,0 0 0

200,000

58 6 ,0 0 0

6 28 ,0 0 0

W o o l e n G o o d s .— The

woolen goods division of the market
does not disclose even a sympathetic improvement. The de­
mand comes forward sluggishly for the general run of man’s
wear woolen and worsted fabrics in both staple and fancy
lines. Some of the lower-priced all-wool fancies are still being
ordered in comparatively fair quantities, but outside of these
sales are sma'l individually and indifferent collectively.
There is no change in prices noticeable ; sellers have no in­
ducement to quote lower than the current basis, but they
meet the demand very readily thereat. The demand from the
cloaking trade is fair and chiefly for plain-faced staple goods.
Overcoatings continue dull throughout. Some improvement
is reported in the re-order demand for dress goods, but busi­
ness is still moderate. There has been no change in the mar­
ket for blankets, flannels or carpets.
F o r e ig n D r y G o o d s ,—Business this week has been out
down by the general holiday Monday and the Jewish holiday
Tuesday; but for that fairly good aggregate results would have
been secured; the other days showed a considerable demand
coming forward for general assortments of fall merchandise,
Orders for spring are moderate in all directions.
Im p o r ta tio n s a n d W a r e h o u s e W it h d r a w a ls o fD r y G o o d s .

New Y ork , Friday , P. M,, Sspt. 11, 1896.
The importations and warehouse withdrawals of drygoods
The stronger tone recently noted in the cotton goods market at this port for the week ending Sept. 10, 1896, and since
has developed this week to a marked extent in all descriptions January 1, 1896, and for the corresponding periods o f last
of brown and bleached cottons, in which sellers have marked year are as follows:
up their prices variously from JjJc. to % o. per yard and are
holding firmly on the higher levels. The “upward movement
has awakened buyers to a greater interest in the situation,
mostly evident, as yet, in vigorous efforts to secure merchan­
dise at old prices. They are reluctant to follow the advances,
but sellers are quite indifferent under the belief that prices
must go higher still before there is any material increase in
production to prevent actual scarcity of supplies. The cotton
market is the chief source of strength and there has
been nothing like a rise in cotton goods equivalent
to the advance in the price of raw material. Coarse colored
cottons are likewise tending upwards, and there is a firmer
market for regular prints under the influence of an advance
of 3-16c. for print cloths this week. Under the developments
of the week, the political situation is less of a factor than be­
fore, but the stringent money market exercises 'a restrictive
influence in many quarters. The woolen goods division
shows no material change in any direction, A large auction
sale of dress silks was held yesterday, when somj 8,500 pieces
were disposed of. Competition was indifferent, and prices
averaged low.
Domestic Cotton Goods—The exports of cotton goods
from this port for the week ending Sept, 7 were 1 535
packages, valued at $75,816, their destination being to the
points specified in the tables below:
1896.

N ew Yo rk to Sept . 7 .

|

Week. Since ■Tan. 1.
Great Britain.................... .
Other E uropean....................
China ...........................
A r a b ia ............
A f r i c a ...... .:........
Wmt Indies....... .
M erieo..
Central A m e r ic a ,.......... .
South A a & e r i . . . . . . ..
Otuier Countries, lUIII

233
22

*398
63
92
838
89

T o ta l........................ ........
China, v ia V an cou ver*.,..
T ota l........... .................... _1,535

2,515
2,022
79,916
3,526
20,890
Id ,044
8,782
1,998
6,303
34,496
2,864

1895.
Wee*. Since Jan, 1,

!
!
!
.

5
6
522
’ 58
171
3
90
1,312
90

3,623
1,914
38,943
3,693
16,052
6,275
12,005
1,986
7,908
42,482
5,352

177,356
23,514

2,257

140,213
16,975

200,870

2,257

157,188

-«*uUvm, ULACaii- w Aurn exports ror me yea 1to date has
been $.,832,794 in 1898 against $8,353,237 in 1895.

S eptember 13, 1896.]
S

t a t e

THE CHRONICLE,
C

it y

T E R M S ~ ^ oF ~ S u ¥ sC m F T 10N .

T he I nvestors 5 S upplem ent will be furnished
without extra charge to every annual subscriber of the
C ommercial a x b F in a n c ia l C h r on icle .

471

G len Cove School D istrict No, 5, N. ¥ .— Bond, Offering.—
On Sept. 13, 1896, four per cent school bonds to the amount
of $6,(WO will be offered for sale at the Tow n H a ll. Interest
will be payable semi-annually at the Glen Cove Bank. The
principal and interest o f the bonds w ill be payable in gold,
and the first bond falls due Sept. 15, 1897, and one on the loth
day o f September in each of the su cceeding five years.

H olyoke, Mass.— Bond Sale.—It is reported that the c ity of
Holyoke, Mass,, has sold 4 oer cent twenty-year school bonds
T h e S tate a x d Cit y S upplement will also be fur­ for 825,000 to Messrs. E. H. Rollins & Sons o f Boston. This
nished without extra charge to every subscriber of the is part of an authorized issue of §100,000.
Indianapolis. Ind.— Note Offering.— Proposals will be re­
C h r on icle .
ceived by the Board o f School Commissioners of Indianapolis,
T he Street Ha i l w a y S upplem ent will likewise
Ind., until September 17 at 13 o’clock for §80,000 of school
be furnished without extra charge to every subscriber notes. Of the total issue §40,000 will be dated September 30,
of the Ch r o x ic l e ,
1896, and payable November 15, 1896, and §40,000 will be
T he Q hotatiox S upplem ent , issued monthly, will dated Octoter 1, 1896, and payable December X, 1896.
Further information will he fo u n d in the official advertise­
aiso be furnished without extra charge to every sub­
ment published elsewhere in this Department,
scriber of the C h r o x ic l e .
James t u r n . N. Y .—Bonds Unsold.— The sale o f Jamestown
TERM S for the C h r oxic le with the four Supple­ water-works bonds for $350,000 which was to have taken
ments above named are Ten ollara within the United place on September 8th has been indefinitely postponed,
Macon, Ga.— Bond Offering.—City Clerk Bridges Smith w ill
States and Twelve Dollars ia Europe, which in both
receive proposals until O ctobir 13th. at 13 o’ clock, for §130,000
cases includes postage._________

Terms of Advertising— Per Incb space.)
T ar
M onths (13 W rae»)..*23 00
(26 time*).. 43 00
On? Month
(* HUM*}.. 1 1 0 0 S it oaths
Two Months
<S tim e s).. 1 8 0 0 Twelve Months (52 ttux-O.. 58 00
(The above terms for on e month and onw ard are fo r standing card*.

O n e t i m e , ................... . . . -----S 3 SO

TJUc p u r p o s e o f tills S t a t e a n d C ity D e p a r t m e n t

is to furnish our subscriber* with a weekly addition to and
continuation o f the S t a t e A m Omr S upplement, In other
words, with the new fact* we shall give, the amplifications
and correction* we shall publish, and the municipal laws we
shall analyte in the ** State and City Department," we expect
to bring down weekly the information contained in the
S t a t e a n d C i t y S u p p l e m e n t t o as near the current d a te a*
possible. Hence every Subscriber will at all times possess a
complete and fresh cyclopedia of information respecting
Municipal Debts.

4 % per cent gold bonds, The securities will be dated Oot. 1,
1896, interest will be payable quarterly and the principal,
will mature in thirty year*.

The official advertisem -nt o f this bond offering will be found
elsewhere in this Department, J
Milwaukee, Win.—Bonds Unsold.— No satisfactory bids
were received by the city o f Milwaukee on September 8th;
when #220,000 o f school bonds, $120,000 of park bonds and
§40,000 of sewer bonds were offered for sale. All the bonds
are dated July 1,1890, interest at the rate o f 5 per cent w ill be
payable H-mi-annually on Jan. 1 and July 1, and 5 per cent of
the principal o f each issue will mature annuilly from date.
It ia also reported that tin? Milwaukee Trust Co. has de­
clined to accept $100,000 o f 5 percen t 1-20-year street im ­
provement bond* which were awarded to them at 106 on
August 38th, a* the legality of the issue is in question.

Mount Vernon. N, Y.—Bowl Offering. —Proposal* will be
received until 8 o’clock p. m.. Sept. 13, 1890, by the Common
Council of the city of Mount Vernon, at the D*arboru Build­
ing, for the purchase o f $80,0(10 o f 6 per cent tax relief bonds.
B o n d P r o p o s i t i * a n d N e g o t i a t i o n * . - W e have re­ Interest on the securities will be payable semi-annually at
ceived through the week the following notices o f bonds- the office o f the City Treasurer, and the principal will mature
on the first day of October, 1899. The denomination of the
recently negotiated and bond* offered and to be offered for bonds i* $1,000 each.
sale.
The Common Council o f thia city will also receive proposals
Aberdeen. Mil.—Bonds Authorised. —On September 6th on Sept. 15, 1996. fur the purchase of one water bond for the
the people of Aberdeen voted in favor o f issuing water works amount of $1,009, which will bear Interest at the rate of 5
per cent, payable semi-annually, and mature Oct. 1, 1900,
bond* to the amount of $t3,000.
Anaheim, Cal.— Bow l Offering.— The City Clerk of Anaheim
Newbarg. Oregon.—Bond Offering.—J. G. Htdiey, City
report* to the Chroxicle that bids will be received until Oc­
tober 13,1896,at 8 o'clock P. H,, for $18,900of 6 percent water­
works and electric-light bonds. The securities will be dated
Dec. 1.180®, interest w ill he payable semi &onu itlv on June
1 and December 1, and the principal will mature at the rate
of one-fortieth yearly. The loan is to be issued in denomina­
tion* of 1100 esach. The election recently held to authorize
this bond issue resulted in a vote of 189 for to 30 against
bonding.
Bellevue, Pa —Bond Election.—Sower bonds of Bdlevue
to the amount of $85,000 have been proposed, and an election
will soon be held to vote on the question of issuing the same,
Chester, Pa.—Bond Sate.—The city of Cheater, Pa., baa
Bold $80,000 of 4 per cent coupon bond* to local parties. A
premium of 1 per cent waa paid for $7,000 and the remaining
$73,000 was sold at par. The securities will be issued in de­
nominations of $500 each, payable in gold coin or it* equiva­
lent at the office of the CUv Treasurer. Interest on the ootids
will be payable semi annually and the principal will mature
in 1926, subject to call after 1906,
basic Grove, Iowa.—Correction.—The report last week
that Kagle Grove would issue $5,000 of electric-light bonds is
not correct. The securities are to be issued by a company
which owns the electric-light plant in that place]
Franklin, I,a - Bond Offering.— The Mayor and Town
Council of Franklin, La,, will receive proposals until October

1, W , at 6 o'clock p, M., for $2-5,000 of water-works bonds.
The securities will be issued in denominations of |l,000 each,
and the loan will run for ten years. Interest at the rate o f 0
per cent per antium will be payable semi-annually.
The official advertisement o f this bond offering wilt be found
elsewhere in this Department.
Galveston, Tex,—Bond* Authorized.—This city has de­
cided to extend the water works, and $100,000 of bonds for
that purpose have been authorized.
Glencoe, Mtnn.—Bonds Authorized.—At an election held
>n thjj place on 8 *pt. 8 the proposition to issue water-works
bonds for |25,000 was carried by a majority of fifty votes.

Recorder, will receive bids at any time for $15,000 of water
works bonds. The loan ia to run for twenty years and inter­
est will be pjyanle semi-annually. The place baa no in­
debtedness except such a* will be paid off from the proceeds
of the bon ! issue. The population is about 1,100.
Oregon, Mo.—Bowls Authorized.—Water-works bonds of
this city to the amount of $35,000 have been authorized.
FI ('.want RIdge, 0 h1o.—Bond Offering.—Proposals will be
received unfit September 16. 1890, by J. B. Hayden, village
clerk, at the Second National Bank. Cincinnati, Oslo, for the
purchase of $1,000 of bonds of this village. Tue securities
will bear interest at the rate of -5 per cent, payable semi­
annually at the Second National Bank of Cincinnati, Ohio,
and the principal will mature May t, 1908.
Portsmouth. N. II.—Bond* Unsold.—The amount which
remains unsold of the For;*mouth bon i issue for $175,000,
offered in July, is $131,000. But a thirty-day option on this
remainder has been given to Messrs. 15 II, Kalitas & S ms, of
Boston. The securities bear 4 per cent interest, payable
semi-annually on Januatr l and July l, at the National
Hide & leather Bank of Boston, Mass , or at the City Treas­
urer's office, Portsmouth, N. H, The loan is dated July 1,
1896, and matures July 1, 1916,
St. Augustine, Fla.—Bonds Authorized.—On September 1
the people of St, Augustine voted in favor of issuing bonds to
the amount of $8-5,000 for water-works and other improve­
ments, City Clerk P. S. Aman writes that the time for
floating the loan has not as yet been decided upon.
St. Joseph County, Ind.—Bond Offering—Proposals will
be received unlii October 15, 1896, by George W . Lougbman,
County Auditor, for the purchase of $75,000 of court, house
bonds.
bait Lake County, Utah.—Bond Offering.-Proposals will
be received until 12 o'clock (noon) Septemoer 14. 1808. by Co
E. Siantoo, County Clerk, for the purchase of $350,000 of 5
per cent funding bond* of Salt Lake County. The bonds will
be issued in denominations of §4,000 each, interest will be
payable *"ini-aonually at the office Of the County Treasurer,
and the principal will mature in twenty year* from date
of issue, with option of call after ten year*.

THE CHRONICLE.

472

[V o l. L X III.

Staunton. Va.— Bonds Authorized.— The City Council of
Staunton bas authorized the issuance of 5 per cent street and
improvement bonds to the amount of §15,000.
Stonehani, Mass.— Bonds Proposed.— Sewer bonds of this
town to the amount of $«0,00O are under consideration.
Troy, Ohio— Bonds Unsold.— City Clerk P. J. Goodrich re­
ports to the CHRONICLE that no bids were received on Sep­
tember 1, when $6,000 of 5 per cent 10-15 year refunding
bonds were olfered for sale.

I N T E R E S T o n th e L y n o lib u r g & D a n v ille R R . b o n d s is p a y a b le in
B a ltim o r e ; o n a l l o th e r b o n d s in te r e s t is p a y a b le a t th e o ffice o f th e
C it y T r e a s u r e r , L y n c h b u r g .

STATE AND CITY DEBT CHANGES.

T O T A L D E B T , S I N K I N G F U N D S , E t c .— T h e s u b jo in e d s t a t e
m e n t s h o w s L y n c h b u r g ’s t o t a l b o n d e d d e b t a n d th e s in k in g f u n d h e ld
b y th o c i t y a g a in s t th e s a m e o n th e 1 s t o f F e b r u a r y o f e a o h o f th e la s t
fo u r y e a r s :
18 9 6 .
1895.
18 9 4 .
189 3.
T o t a l fu n d e d d e b t . . . . $ 1 ,7 2 0 ,3 4 2 $ 1 ,7 8 6 ,7 4 2 $ 1 ,8 4 9 ,2 4 2 $ 1 ,7 8 4 ,7 4 2
S in k in g fu n d s ...............
3 1 8 ,2 8 2
390 ,8 43
4 3 6 ,0 0 3
3 9 6 ,3 2 6
N e t d o b t F e b . 1 ...$ 1 ,4 0 2 ,0 6 0

$ 1 ,3 9 5 ,8 9 9

$ 1 ,4 1 3 ,2 3 9

$ 1 ,3 8 8 ,4 1 5

W e subjoin reports as to municipal debts received since

T h e s in k in g fu n d r e c e iv e s y e a r ly o n e p e r c e n t o f th e c i t y ’s n e t d e b t
T h o a m o u n t o f o ity b o n d s h e ld b y th is fu n d a n d th e c a s h b a la n c e t o
it s c r e d it o n F e b r u a r y 1 , 1 8 9 6 , w a s $ 3 4 6 ,5 4 0 54 .

the last publication of our S t a t e a n d C i t y S u p p l e m e n t .
Some of these reports are wholly new and others cover items
of information additional to those given in the S u p p l e m e n t

C I T Y P R O P E R T Y . — T h e r e a l a n d p e r s o n a l p r o p e r t y o f t h is c i t y , a s
c h a r g e d o n th e c i t y ’ s b o o k s , is v a lv e d a s f o l l o w s :
P r o p e r t y o f F ir e D e p a r t m e n t................................................................ $28 ,4 0 4

School p rop erty ...................................................................................

9 2 ,850

and of interest to investors.

P r o p e r t y o f W a te r D e p a r t m e n t.............................................................
M is c e lla n e o u s c i t y p r o p e r t y , r e a l e s ta te , e t c ...................................

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

Lynchburg, Vu.— R. D. Yancey, Mayor.
The following
statement has been corrected to February 1, 1896, by means
of a report to the C hronicle from K Otey, City Auditor.
Lynchburg is situated in Campbell County.
LOANS—
F

unded

G

P e k m a n e o t I m p b o v k ’ n ts — 18 9 6 .
5s, J & J , $ 1 0 ,0 0 0 .- ...................... 19 3 0

When Due.

Interest— 1 8 0 6 & 1871.

6s, J& J,
8s, J& J.

$ 1 ,2 4 1 ......................1900
5 3 ,0 4 8 ..........1901-1905

eneral

E

xpen ses—

R e d e m p t io n B o n d s— 1879—

5s,* J & J , $ 1 1 6 ,1 0 0 ..................... 1 9 1 4
R e t i r e F l o a t i n g D e b t 18 79 —
5s,* J & J , $50,00 0 ....................... 1 9 1 4

1871.

8s, J& J, $ 5 0 ,0 0 0 ........................1905
L

ynchburg

& D

an.

R R .— 1 8 7 1 .

6 s. J& J, $ 2 0 0 .0 0 0 ....................... 1901
lyn ch

5 s .‘ J& J, $ 2 4 0 .0 0 0 ..................... 1921
S u b je c t t o c a ll a ft e r 1 8 9 7 .
M ar k e t House and G rou n ds.

8 s, J& J, $ 1 9 ,4 5 3 .........................1905
8 s, J& J,
2 6 ,0 0 0 ......................1 907
P e r m a n e n t I m i' k o v e ' n ts— 1 8 8 2 .

5s,* J&J, $377,100................. 1916
Subject to call at any time.
P

u b l ic

Sc h o o l B o n d s— 187 1 a n d 188 0.

8s, J & J , $30,000.........................19 0 5

. II. & N . C . R R .— 1 8 7 1 .

Im

t a x a t io n

6s, J & J , $48,000.........................19 0 3
V a . A T e n s . R R . B on d s—

6s, J .v J , $ 1 7 0 ,4 0 0 ....1 8 9 0 to 1 9 1 5
Water B o n d s—
6s, J & J ,
$ 35,0 00 .................. 190 4
6s, J & J ,
35,0 0 0 ....................1 9 1 2
5s,* J & J ,
100,000.................. 1 9 1 5
5s," J & J ,
20 ,70 0 ....................1 9 1 6
S u b je c t t o c a ll.

provem en ts—1892.

5s,* J& J, $ 8 9 ,8 0 0 .......................1926
S ubject to ca ll a fter 1902.

B on d s—1866.

5s,* J & J ,

38 ,50 0 ....................1 9 2 6

S u b je c t t o c a ll.

’ E x e m p t D o m ta x a tio n .

N E W LO A N S .

MACON,

BONDS.

$ 2 5 , 0 0 0

FRANKLIN, LOUISIANA,
6% B O N D S .

B, T A R T , T O N . M a y or.

W . N . Coler & C o .,

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

Tot. Assessed Oily Tax
Valuation, p. $ 1.000.
$ 1 1 ,3 2 1 ,8 2 6
1 1 ,2 5 2 ,2 6 4
1 1 ,1 4 9 ,6 8 1
1 0 ,8 5 7 ,2 1 5
1 0 ,6 8 3 ,1 3 5
6 ,8 5 5 ,2 7 5

P O P U L A T I O N .— I n 18 9 0 p o p u la tio n w a s 1 9 ,7 0 9 ;
1 5 ,9 5 9 ; i n 1 8 7 0 i t w a s 6 .8 2 5.

$ 15 -0 0
15 -0 0
1 5 -0 0
16-0 0
16-0 0
15-0 0

in 18 8 0 i t w a s

( harloltesville, Y a .— J. S. Patton, Mayor. The following
statement has been corrected to June 19, 1896, by means of a
special report to the C hronicle .
Charlottesville is the county seat of Albemarle County.

_____ N E W L O A N S .
$ ¥ 1 0 ,0 0 0

GEORGIA,

N o t ic e is h e r e b y g iv e n t h a t s e a le d p r o p o s a l s w ill
b e r e c e iv e d a t t h e o ffic e o f t h e C le r k o f t h e C ity
C o u n c il o f t h e C ity o f M a c o n , a t M a c o n , G a ., u n t il
12 o ’c l o c k M . o n S a tu rd a y , O c t o b e r 13, 1896, f o r t h e
p u r c h a s e o f O n e H u n d r e d a n d T h ir t y T h o u s a n d
D o lla r s o f C ity o f M a c o n ±14 p e r c e n t P a v i n g B o n i s ,
160 o f w h ic h a re o f t h e d e n o m i n a t io n o f $500 a n d 50
o f t h e d e n o m in a t io n o f $1,000. T h e b o n d s w ill b e
d a t e d t h e 1 st d a y o f O c t o b e r , 1896 p a y a b le in g o ld
c o in t h ir t y y e a r s a f t e r d a t e , w ill b e a r in t e r e s t a t f o u r
a n d a -h a lf p e r c e n t p e r a n n u m , p a y a b le q u a r t e r ly in
c o in . P u r c h a s e r s w ill b e r e q u i r e d t o p a y f o r t h e
b o n d s a w a r d e d t o t h e m , a n d a ll in t e r e s t t h e r e o n a c ­
c r u in g a f t e r t h e first d a y o f O c t o b e r , 1896, u p t o t h e
t im e o f t h e p a y m e n t f o r t h e b o n d s .
P a y m e n t s f o r t h e b o n d s m u s t b e m a d e a t t h e o ffic e
o f t h e C ity T r e a s u r e r o f t h e C it y o f M a c o n a t
M a c o n . G a.
A ll b id s m u s t s ta te w h a t d e n o m i n a t io n o f b o n d s is
d e s ir e d ; p a y m e n ts m u s t b e m a d e a t s u c h t im e s as
t h e M a y o r a u d C o u n c il s h a ll s e e fit t o d e l i v e r sa id
b o n d s . T h e r ig h t t o r e j e c t a n y a n d a ll b id s is r e ­
s e r v e d . A ll p r o p o s a ls sh a ll h e in w r i t in g in s e a le d
e n v e lo p e , a d d r e s s e d t o t h e H o n . B r id g e s S m ith ,
C lerk o f C o u u c il, M a c o n , G a., a n d s h a ll b e m a r k e d
“ B id s f o r B o n d s .”
S. B . P R I C E , M a y o r .

$ 6 0 , 0 0 0

City of Charleston, S. C.
S e a le d b id s w ill b e r e c e iv e d b y t h e u n d e r s ig n e d
u n t il 2 o ’c l o c k P . M . F r id a y , S e p t e m b e r 1 8th , 18P6,
f o r S ix t y T h o u s a n d ($ 6 0 , 0 0 0 ) D o lla r s o r a n y p a r t
t h e r e o f o f n o w C itv o f C h a r le s t o n b o n d s , b e a r in g
in te r e s t a t t h o r a t e o f fiv e (5%i p e r a n n u m , p a y a b le
se m i-a n n u a lly o n t h e 1 st o f A p r il a n d o n t h e 1 st o f
O c t o b e r in e a c h y e a r . T h e b o n d s a r e e a c h o f t h e
d e n o m in a t io n o l’ F iv e H u n d r e d D o ll a r s a n d w ill f u n
f o r t h ir t y y e a r s f r o m 1st O c t o b e r , 1890.

IN D IA N APOLIS, IND.,
SCHOOL

NOTES.

S E A L E D P R O P O S A L S w ill b e r e c e i v e d a t t h e
o ff ic e o f t h e P u b l i c S c h o o l s L ib r a r y B u ild in g ,
I n d ia n a p o lis , I n d , u n t il 1 2 o ’ c l o c k n o o n o n T h u r s d a y ,
S e p t e m b e r 17, 1896, f o r $8^,000 t o b e fu r n is h e d t o t h e
B o a r d o f Schoi-1 C o m m is s io n e r s o f t h e C it y o f
I n d ia n a p o lis o n t h e f o l l o w i n g d a t e s : S e p t e m b e r 30,
1896, $ 4 0 ,0 0 0 ; O c t o b e r .’ S, 1 -9 6 , $-40,000. T h e n o t e s
o f th e B o a rd t o h e d a te d as f o l l o w s : S e p te m b e r 30,
1896, p a y a b le N o v e m b e r 1 5 ,1 8 9 0 , $ 10,0 O .a n d O c t o b e r
2 8 ,1 8 9 0 , p a y a b le D e c e m b e r I , 1 8 9 0 .8 4 0 ,0 0 0 . E n v e l ­
o p e s m u st b e m a rk ed “ P ro p o s a ’ fo r L oa n ” a n d a d ­
d r e s s e d t o t h e B o a r d o f S c h o o l C o n m is s io n e r s . T h e
r ig h t is r e s e r v e d t o r e j e c t a n y o r a ll b id s . F o r
f u r t h e r in f o r m a t io n a d d r e s s t h e A s s is t a n t S e c r e t a r y
o f th e B oa rd .
B y o rd e r o f th e B o a rd o f S ch o o l C om n issio n e rs.
FRAN K H BLACKLEDGK.
H E R M A N E. R IV N E .
H . C. H E N D R I C K S O N ,
C o m m i t t e e o n F in a n c e a n d A u d i t i n g .

CITY OF

NEW
YORK
3 X PER C E N T
GOLD BONDS.
D U E N O V E M B E R 1 st, 1916.
I N T E R E S T P A Y A B L E J A N . 1 st A N D J U L Y 1 st
E x e c u t o r s , A d m in is t r a t o r s , G u a r d ia n s a n d o t h e r s
h o ld in g t r u s t f u n d s a r e a u t h o r iz e d b y a n a c t o f t h e
N e w \ o r k L e g is la t u r e , p a s s e d M a r c h 1 4 ,1 8 8 9 , t o in ­
v e s t in t h e s e b o n d s .
P R IC E A N D P A R T IC U L A R S ON A P P L IC A T IO N

Rudolph Kleybolte St Co.

BANKERS

CINCINNATI, O.

T h o r ig h t t o r e j e c t a n y o r a ll b id s o r p a r t s o f b id s
is r e s e r v e d . B id s sh o u ld b e f o r w a r d e d t o
J. 0 . L E A , ( it y T re a su re r,
C h a r le s t o n , S. C.

BANKERS.

.

Blodget, Merritt & Co.*

C. H . Van Buren & C o .,
ban k ers

and

b r o k e r s

62 B R O A D W A Y , N E W

34 NASSAU STREET.

Personal
Property.

1 8 9 5 ..............................$ 8 ,5 7 5 ,4 9 5
1 8 9 4 ............................. 8 ,5 5 0 ,2 9 5
1 8 9 3 .............................. 8 ,3 5 5 ,8 1 5
1 8 9 2 .............................. 8 ,2 13 .9 9 8
1 8 9 1 .............................. S ,1 0 9 ,7 2 3
1 8 8 1 .............................. 5 ,2 3 7 ,6 3 5

____________

F r a n k l i n , L o u i s i a n a , S u p to m b e r l . nsoo.
N O T I C E — U n til d ir ( f l) o 'c l o c k o n T u e s d a y t h e
F ir s t (1 s t i d a y o f O c t o b e r , lRIKi, t h e M a y o r a n d
C o u n c il o f t h e T o w n o f F r a n k lin , L o u is ia n a , w ill r e c e l v o a n d c o n s id e r P r o p o s a ls f o r t b e p u r c h a s e o f
T w e n t y -f lv e (2 *) T E N - Y E A R S ix P e r C e n t (6;C)
B O N D S o f t h o p a r v a lu o o f O N E T H O U S A N D
D O L L A R S ($ 1, 0 0 0 ) e a o h ;
all Issu e d u n d e r t h e
a u t h o r ity o f a S p e cia l A c t o f t h o L e g is la t u r e o f t h is
S la t e o f t h e y e a r 1K98 a n d all In B trlct co m p ila tio n
w ith a ll le g a l fo r m a lit ie s and r e q u ir e m e n t s .

b o n d s

Real
Estate.

Years.

4K% PAVING B O N D S .

C l a h k s d a l e , M i s s ., J u ly 2 7th , 1896.
S ea led b id s w ill b e r e c e iv e d at t h e o ff ic e o f t h e
u n d e r s ig n e d a t t h is p la c e u n til T h u r s d a y n o o n ,
O c t o b e r 1 st, 1896, f o r t h e p u rch a s e o f T h r e e H u n ­
dred and T w e n t y -f lv e T h o u s a n d D o lla r s $325,000)
o f t h e f u n d in g b o n d s o f t h e B o a r d o f L e v e e C om ­
m is s io n e rs f o r t h e Y a z o o -M is s is s ip p i D e lt a L e v e e
D is tr ic t, sa id b o n d s t o b e o f t h e d e n o m in a t io n o f
F iv e H u n d r e d D liar* ($500) e a c h , d u e t h ir t y y ea rs
fr o m O c t o b e r 1 st. 1896, b u t s u b j e c t t o ca ll a ft e r
t w e n ty y e a r s fr o m d a te , said b o n d s c a r r y in g se m i­
a n n u a l c o u p o n s a t t h e ra te o f f o u r p e r c e n t p er
a n n u m , p a y a b le on t h e first d a y s o f A p ril a n d O c t o ­
b e r o f e a c h year. 8 a id b o n d s a re a u th o r iz e d u n d e r
a n A c t o f t b e L e g is la t u r e o f M ississ ip p i a p p r o v e d
M a rc h 19th. 1896. N o b id w ill b e c o n s id e r e d w h ich
is m a d e f o r le s s th a n p a r a n d a c c r u e d in te r e s t .
I n fo r m a t io n w ill b e fu r n is h e d o n a p p lic a t io n t o
t h e u n d e r s ig n e d .
G. R. P A G E ,
S e c r e t a r y a n d T re a s u re r .

m u n ic ip a l

A S S E S S E D V A L U A T I O N .— T h e c i t y ’s a s s e s s e d v a lu a t io n (a b o u t 90
p e r c e n t o f c a s h v a lu e ) a n d t a x r a t e h a v e b e e n a s f o llo w s :

$ 1 3 0 , 0 0 0

LEVEE D IS T R IC T

_____________________________ L

c i t y ’ s d e b t is lim it e d b y it s c h a r t e r to 18
p e r c e n t o f th e t a x a b le v a lu e s a s s h o w n b y th e b o o k s o f th e C o m m is ­
s io n e r o f th e R e v e n u e .

N E W LOANS.

• $ 3 * 2 5 ,0 0 0

4%

T o t a l ..........>............................................................................................... $ 7 1 4 ,7 3 2

DEBT LIM ITA TIO N .—T h e

BANKERS,

,

YORK.

' “ " . 'U S a n d H I G H -G R A D E
r i r , , , , * ! ™ ™ ™ ' 1’ S E C U R I T I E S ,
c i r c u la r L e t t e r , in c lu d in g list o f s e l e c t e d B o n d s
M a ile d F r e e .

16 C o n g r e s s S t r e e t ,
W ATE

Boston.

C ITY & R A IL R O A D BONDS

September, 12, 1896.]

THE

473

CHRONICLE.

Title o f L oan
Interest, where payable.
City Hall and sa v e r 4*as, due 1899 Boston, Nat. R evere file." and P ro r
Davis estate loan, due 1909..........Jf. Y „ Nat, City Bank, and Prov.
Park lo a n ......................................... N. Y „ Nat. City Bank, and Prov.
Public impr’n t os, lino 1899&1900 P rovidence, City Treasury.
School loan, line 1 9 1 1 .................... N, Y „ Nat. City Bank, and P rov.
do
due 1925.....................P rovidence, City Treasury.
Sewer bond*.................................... H. Y „ Nat. City Bank, and Prov.
Water 6s. due 1900......................... Providence, City Treasury.
do 5s o f 1*72, due 1 9 0 0 .........Boston, Nat, R evere Bk., and Prov.
do
5s of 1874. due 1 9 0 0 ........X . Y „ Nat. City B ank am i Prov,
do os, due 1 9 0 6 ......................... N ew York. Nat. City B an t, A Prov.
do 3*»<, dne 1 9 1 6 ......................
do
do
do 4s, due 1023 ......................
do
do
do
Is, dne 1926 ...................... P rovidence. City Treasury.
H ighw ay, due 1924 .
...........N. Y „ Nat. C ity B ank and P rov.

i OANS—
U7 a'/; Due. 1T otal debt June 19, ’96.. $300,500
m iffi a x w i Water debt (included)
91.000
69, MAX, $11,500.............. 40 years |Tax valuation, real,94.1,o43,64o
Bonds o f 1891. $13,000.. 40 years 1T ax valuation, personal. 376.909
C.<feO.gift bonds. $13,000............ Total valuation 1894 — 1,9*20.55-1
Total valuation 1895___ 2,100,100
Gas bonds. $16,000.................... .
■
alM it -li auiuul value.
Im provement, *35,000.............
School bonds, $2 5,00 0.. .20 years Population In 1890 w a » .... 5,501
Sewerage bonds, *80 ,000 .20 years Population In 1880 w a . .. 2,676
Street bonds. $18,000----- 20 years Populntiou In 1896 (6*t.) .10,000
W ate r W o rk * ! « . » i: n» k i > 1896.
5s, M&S, $81.00 0........-10-10 years
5s, Mi.S', 10,000..........10-40 years
IN T E R E S T Is payable In Charlottesville, Baltimore and New York.

P r o v i d e n c e , K. I.—E. D. McGuioness, Mayor, The follow,
T O T A L D E B T , SIN KIN G FU N D S, ETC.—The subjoined statem ent
ing statement bas been corrected to dale by means of a s p e c ­
ial repott to the Chronicle from D. L. D. Granger, Treas­ shows flic total m unicipal d ebt o f Providence, the sinking fund held hy
the city a gainst tho same, the water debt, and the city 's floating d o b t,
urer.
on the dates given.

The city ia situated in Providence County, which has no
debt.
-P rincipal. loans—
7r : Inl?,m i -;7 '
NAME AND PURPOSE.
Sate. * ttgatie. When D m . OuMmuVft.
City Halt and sewer. 1879.c.tr 4
J A D June 1. 1899 *600,900
*“ ■**■ ..., •
* B ,< w -4*r.
*»
jjr
July l, lib ®
75,000
D avis estate *loan
M
M A 3 Star, 1. 1922
800,000
Park lo a n ....................1802-CAr
430.000
J & 1 July 1, 1809
Public Improvement. 1 8 7 9 .... r
J A J July 1, 190*1
146.000
do
do
1880
r 5
J A J July X. 1911
300.000
School loan............... 1891 c a r 4g.
300,0**0
do
................. ....UMNMMk* i f . M A X M ar 1, 1925
Sewer lo a n ............... 18 iH ,e*r tg . ■T A J Jelly 1, 1021 1,125.* MX*
5**0,000
do
........................m s . o t t r * f . M A 8 Mar. 1, 1922
500.000
do
........................1893.M T 4k. a a o Apr. 1, 1923
800,0* KI
do
..................... 1895 c t o 4*. M A X May 1, 1025
500.000
do
......................1890.c * r 4 k - .1 A D June l . 1026
820.000
Water loan ................... 1871.car 6*. J A J July i , 1900
do
.......... .............1872.ear 5*. J A J July 1, 1900 3,180,0(10
, 1,874.c i r fig. J A J July !. 1900 2.000.000
do
do
........................ 1376 cAr Sg. J A J July 1. 1900 1,500.000
Apr. 1, 11123
.. 1893.eAr 44g.
do
........................1393.CAT
k. A A O
81T.0OO
1926
aood ioo
do
...................... WtKS... r 4K. J A It June,
483,IKK*
du
....................... 1SB6.CAT n « M A 3 Sept- 1, w i n
H ighw ay l o a n . 1 8 9 4 . e * r •»«. SC & K Ala y 1, 1924 I .s t x v w o
PAR V A LU E O F B O N D S ,—TheOotip.m bonds t m tor $ 1 ,0 0 0 ; the
registered bonds fur *1,000 and m ultiple- o f the -nine. A U eonpou
bon d- are tnuMterabto into iregUterod bond* a t the o p tio n o f the
holder.
IN T E R E S T on the bond* i- payable a* follow - :

*

N E W LOANS

July 1. 1.890.
Bonded debt (tnc l. w uterd’ tl.$13,99<>,000
Floating d e b t .......................... 2,435,692

Oct. 1 ,1 8 9 5 .
$13,296,000
2,461,384

Oct. 1 ,1 894 .
$13,593,250
2,309,884

Total debts........................ $16,431,692
sinking - 1
.
'..2>.>'..76:>

$13,757,884
2,832,881

$15,963,134
3,531,907

Net d e b t ................................ $13,225,928
Water debt iiueludetl above*. $7,060,000

$12,024,503
$0,985,691

$12,428,137
$6,935,691

The note* r e p n - ntim; the nearing debt on J u ly 1 ,1 8 9 6 , Were all
held by the Commissioner* o f the Sinking Funds and were issued for
ami are chargeable to the follow in g a ccou n ts;
Filling o v e basic .................................. . , ...................................
Sower.!..-.-........... » . .................
.....................................
linger Witltams'Pnrk lioproveim .nr man ................................
, Roger W illiam - Park an d..........................................................
j Water-works construction.................
; Special highway tout*.......... .........................................................
State t a x ................................ .................................. ............... .
New central police Mutton....................
School houses mid l o t - .................................................................
D on * Park unprovem ent lonti ....................
......................
State HoUf-c .-die,..
KterkaCou.* Park im provem ent town___
tilaekatone Park land ................................ .
Refunding portion o f City Hall mid sewer loan.
Placing electric wire* underground.....................
Bed bridge m ew l...................... ................................

NEW

$423,000
*100,000
1
i,.
215.000
oo.oOo
565,000
I 51,007
150.000
187,00*0
10.000
190,000
15.000
18.000
01.000
18,800
00,500

T otal.............................................................................................. $2,435,692

LOANS.

NEW

LOANS.

Notice of Redemption.
it - von** o rrw n ,
Sr. bonis. April vuli. IHW.
To wham, it m ay concern :
Notice is hereby riven that the bond- o f the CRT
o f St. lgmt*. issued under authority o f ..rdmnm-c
We own variou.8 issues o f vert* desira­
No. ll.Oiti-, numbered from nluety Ore hundred end
ble
investment bomls. the principal and
ninety to ninety euren hundred ar„l ninety two.
both ladustri*. will tm redeemed on the third day o f interest being payable in gold.
November, eighteen hundred and ninety six, pur
•aunt to the terms o t —id ordinance No. n y *, * ami
A full tiesi ription of these bonds, with
the torn.* expressed In -aid bond*, end Hurt -eld
attractive
prices, will be mailed upon
bonds WUI cense to tw»r Interest on Mid third d*y of
November. l-to. Sold bonds ere dated May :ld, IHrit,
application.
ere pcysbkt May A IS***, and are redeemable at the
option o f the City o f at. Loot* at say time sftor ten
year, from their date.
Each of told bonds, when pro»«ote*l for redemp­
3 3 S T A T E » T .. BOSTON, MASH,
tion, must have the fourteen unearned «eml.annual
Interest coupon., numbered from twenty seven to
forty. Ineiuslre, altachedTUese bond- are called In for the purpose o f per­
manent retirement.
........
C. P. W AiJtlUW iB.
f* j
sw o t.

GOLD

City of Brooklyn 3^9.
City of Chicago 4*.
City of Pftwtncket 4s,

R. L. D A Y & CO.,
4 0 W a te r Street, Bouton,
7 Mantilla Street, Mew Y ork.

E. H. R O LLIN S & SO N S,

H

a s

* H. 8 ri

m d k o .v .

Comptroller.
Attest:
H.

GOVERNMENT

and

Den Balnea, Ja.f Heliool..............................4%m
3Iu**kf*aon, 'Bleb., Fnudlng...... .
5n
Ashland, W in.. Funding......... ...................5n
Barltnffion, W in,, S chool... . . . . . . . . . . . . . . . ,.5n
Watnekn, III,. Hehool........ ........................ ,5»
Rock llnpi da. In., School................
5m
Sherman. Texan, Funding...............
6n
Fonda, la ,, W a te r ...,..............
6*
F O R S A L E BV

M U N IC IP A L BONDS

J. P o m e s ,

Register.

Bought and Sold.

Farson, Leach & Co.,

BO N D S .

M ASON, LEW IS & C O .,
H ANKERS,
31 H int, Hi.,

171 La S n lle St.,
C H IC A G O .

BOSTON,

N. W. H A R R I S & CO.,
BANKERS
CHICAGO.

BONDS.

BOSTON.

- ♦
C O R B E S P O N H K S C K S O L IC IT E D ,
C h ic iis o ,
1 1 3 D e a rb o rn S tr e e t,

New York,
2 W a ll S tr e e t.

FHILAOEI.PHIA.

MUNICIPAL

1 0 0 , 0 0 0

STATE

OF

UTAH

BATE® JULY JU 1*!«.

Tkiue ox

at*f*i,ication.
FOB SALE BY

M O R T G A G E LOAN S E D W D , C. J O N E S CO.,
m
4M CHESTNUT STREET,
80 JtROAOWA Y.
TE X A S.
f H t t A P B L P 1 H A ._________________ N E W

**°

COMMISSION!*

B enwell &

borrower or tends* wearrmrrhorn Bulldlne,

6 W A L L ST,

MUNICIPAL ISSUE* IN T H E STATES OF

N E W Y O R K & N E W JER SE Y
A SPECIALTY

2

WALL

STREET,

N EW

YORK.

W . J. Hayes & Sons,

YORK.

E ve r it t ,

nntf! loan* hare proran good*

I H A V CIS S M I T H A . CX»„
HAN ANTONIO, Tfl.YAH

BONDS.

Gold 4% 20-Year Bonds,
LEGAL FOR NEW YORK 8 A V IN 0 3 BANKS.

Interent 7 Per C'etit We*.

WHANN& SCELESINGEB,

13 W « y , NTH KPT._________ m iw v o n t t .

BAN KEKS.

DEALERS IN M U N IC IP A L BONDS,
Struct Railway Bond., and other blgh-grado In­
vestment*.
BO STO N ,M A SS.,
7 Exchange Place.
('a b b

f t e v r l n n d . O h io ,
3 1 1 - 3 1 3 S u p e r io r S t.

AMrets, "KENSETB."

SINKING FUNDS.— B y c i t y o rd in a n c e a ll Sinicin- fu n d in c o m e is
■ squired to b e in v e s te d in th e c i t y ’s b o n d s o r n o te s , in S ta te o f R h o d e
I s la n d bo n d s, o r in U n ite d S ta te s bon d s. T h e c i t y ’s bo n d s to b e oanoeled to p r o v e n t red ssu e.
T h e lo an s, fo r th e red em p tio n o f w h ich s in k in g fu n d s are h e ld b y th e
co m m issio n ers, a n d th e am o u n ts o f th e s in k in g fu n d s J u ly 1 , 18 9 6 ,
a r e sh o w n b y th e fo llo w in g t a b l e :
$ 5 2 1 ,7 1 4 5 6
C ity h a ll an d s e w e r lo a n , dtie in 18 9 9 ..
3 4 1 ,9 8 1 9 5
P u b lic im p ro v e m e n t lo a n , d ue in 1899.
1 0 2 ,9 1 1 66
P u b lic im p ro v e m e n t lo a n , d u e in 1900.
8 5 2 .7 7 9 9 1
W a te r lo a n s , d u e in 19 0 0 ............................
2
3 2 ,7 2 5 87
W a te r lo a n , d ue in 1 9 0 6 ..............................
9 2 ,2 6 1 69
W a te r lo an , d u e in 1 9 1 6 ..............................
5 5 .6 3 5 1 3
W a te r lo an , d ue in 1 9 2 3 ..............................
2 9 .2 2 0 00
W a te r lo a n , d u e in 1 9 2 6 ............................
1
7 ,8 7 8 7 1
D a v is e s ta te lo a n , d ue in 1 9 0 9 .................
7 9 ,1 7 8 32
S ch o o l lo a n , d u e in 1 9 1 1 ............................
48,868
15
Bohool lo an , d ue in 1 9 2 5 ............................
1 6 1 ,1 5 5 07
S e w e r lo a n , d ue in 1 9 2 1 ..............................
9
3
.6
3
5
74
S e w e r lo an , d u e in 1 9 2 2 ..............................
6 3 ,6 1 3 1 5
S e w e r lo a n , d ue in 1 9 2 3 ..............................
1
3
2
,9
7
0
28
8 e w e r lo a n , d u e in 1 9 2 5 ............................
68,450 00
S e w e r lo an , d ue in 1 9 2 6 ............................
9 4,0 20 86
P a r k lo a n , dn e in 19 2 2 ..............................
1 9 8 ,1 2 2 48
H ig h w a y lo a n , d ue in 1 9 2 1 ......................
$ 3 ,1 8 7 ,1 2 3 53

T o ta l s in k in g fu n d s J u n e 3 0 .18 9 1!

"W ATER W O R K S .- T h e w a t e r w o rk s c o n s tr u c tio n a c c o u n t to O c t.
1 , 18 9 5 , a m o u n ted to $ 6 ,5 0 4 ,15 6 32.
In y e a r 18 9 4 -9 5 in c o m e fro m
w a te r re n ts , e tc ., w a s $ 1 9 7 ,6 4 4 1 4 ; c o s t o f m a in te n a n c e $ 100 ,20 0 8 8 ;
I n te re s t o n w a t e r lo a n s , $ 3 3 9 ,17 6 0 8 ; s u r p lu s o v e r m a in te n a n c e an d
In te re s t, $ 5 8 ,2 6 7 18 .
ASSESSED VALUATIO N .—1T h e v a lu a tio n a n d t a x r a t e h a v e b e e n as
fo llo w s, r e a l e s ta te boin g a sse sse d a t “ a b o u t tw o -th ird s c a s h v a lu e
T ears.

—Assessed ValuationPersonal
Seal

Tax p er
Total

1 8 9 5 .$ 12 9 ,4 3 8 ,0 6 0 $10 ,34 6 ,50 0 $ 16 9 ,78 4 ,5 6 0
40,800,400 16 7 ,2 6 4 ,2 0 0
1 8 9 4 . 126,463,8 00
15 9 .8 12 .5 6 0
4 0,810 .860
1 8 9 3 . 119 ,0 0 1,7 0 0
1 5 5 ,5 4 2 ,5 2 0
40,885,660
1 8 9 2 . 114 ,6 5 6 ,8 6 0
14 6 ,9 0 1,8 4 0
3 7 ,4 7 3 ,1 2 0
1 8 9 1 . 109 ,4 28 ,72 0
14 0 ,6 17,0 6 0
35 ,9 32,6 20
1 8 9 0 . 10 4,68 4,440
14 0 ,4 77 ,3 4 0
3 7 ,6 2 7,2 4 0
1 8 8 9 . 10 2,8 5 0 ,10 0
13 6 .7 6 2 .5 6 0
35,83 7,8 4 0
1 8 8 8 . 10 0 ,9 2 4 ,7 2 0
13 4 ,0 4 7 ,2 6 0
34 ,26 7,6 80
1 8 8 7 . 9 9 ,77 9 ,5 8 0
115 ,9 2 1,0 0 0
27,908,900
18 8 0 . 8 8 ,0 12,10 0
93,0 76,900
4 0 ,56 5,10 0
1 8 7 0 . 5 2 ,5 1 1,8 0 0
5 8 ,13 1,8 0 0
21,0 42,00 0
1 8 6 0 . 37,089,800
T h e t a x r a te in 18 9 5 o f $16-00 in c lu d e d S ta te
t a x p ro p e r $ 1 4 1 0 .

N E W LO A N S .

Am ount

o f Tax.
$1,000.
$16-00 $ 2 ,7 1 6 ,5 5 2 96
2
,6
7
6 ,2 2 7 20
160 0
16-00 2 ,5 57,0 0 0 96
15-00 2 ,3 3 3 ,1 3 7 80
15-00 2 ,2 0 3 ,5 2 7 60
2 ,1 0 9 ,2 5 5 90
15-00
2 ,1 0 7 ,1 6 0 10
15-00
15-00
2 ,0 51,4 3 8 40
14-50
1,9 4 3 ,6 8 5 27
1,5 6 4 ,9 3 3 50
13-50
13-50
1,2 5 6 ,5 3 8 1 5
5*60
325 ,53 8 80
t a x o f $1-90 a n d c i t y

P O P U L A T I O N — T h e p o p u la tio n f o r 1 8 9 5 is r e p o r te d a t 1 4 5 ,4 7 2 .
I n 18 9 0 it w a s 1 3 2 ,0 4 3 ; In 18 8 0 It w a s 1 0 4 ,8 5 6 ; in 1 8 7 0 it w a s 6 8 ,9 0 4 .

B n tler County, Neb,— The following statement has been
corrected to August 21, 1896, by means of a special report to
th e C h r o n ic l e .

County seat is David City.
R

LOANS—

M U N IC IP A L

A

a il r o a d

When Due.
B

id

on d s—

1 0 s , J u ly , $ 1 1 9 ,0 0 0 ... .J u l y 1 , 1 8 9 7
Court H

ouse

B on d s—

5 s. J & J , $ 2 5 ,0 0 0 .... J u l y 1 , 1 8 9 9
5 s, J & J , 2 5 ,0 0 0 .... J u ly 1 ,1 9 0 9
T o t a l d e b t A u g . 1 7 ,1 8 9 6 .$ 1 6 9 ,0 0 0
S in k in g fu n d .........................
24,000

LOANS.

Im

When Dae.

provem ent

B

odns

W

ater

W

orks

B

on d s—

5 s , P A A . $ 1 8 ,0 0 0 .. A u g. 1 , ’ 9 7-’ 14
($1,000 d u e y e a r ly .)

Montgomery County, K y,— The following statement has
been corrected to June 19, 1896, by means of a special report
to the C h r o n i c l e .
County seat is Mt. Sterling.

LOANS —

Court H

ouse—

S in k in g fu n d a s s e t s ........
29 ,2 9 3
E q u a t'd v a lu a t io n 1 8 9 6 .-4 ,8 0 3 ,7 18
A s s e s s m e n t hi to 23 a c t u a l v a lu e .
6 s, J & J , $ 73 ,0 0 0 ..........................J a m , 19S0t3a t e t a x (p er $ 1 ,0 0 0 ).............. $4-25
S u b je c t to c a ll.
C o u n ty t a x (p er $ 1,0 0 0 ).......... 5-75
R a il r o a d B o n d s—
P o p u la t io n in 18 9 0 w a s ........1 2 ,3 6 7
6s, J & J , $ 5 0 ,0 0 0 ..........................J a n ., 1 8P9o7 p u la tio n in 18 8 0 w a s ........ 1 0 ,5 6 6
F u n d in g D e b t —

I N T E R E S T o n r a ilr o a d b o n d s is p a y a b le in N e w Y o r k a t B a n k o f
A m e ric a ; o n o th e r b o n d s a t M o u n t S te r lin g , K y .

,

BANKERS.

BONDS

BOUGHT AO TT80LD .

D e v o n s h ir e

J.

B u ild in g ,

16 Slate Street, B o sto n , M ass.

SAFE INVESTMENTS.
SEN D F O R L IS T

A ctiv e an d S uccessful A g e n ts ,w is h in g to rep resen t this C om p a n y , m a y com m u n ica te
w ith the P resid en t , at the S o m e Office,
2 6 1 B ro a d w a y , N ew Y ork.
O F F IC E R S ’
G E O R G E H . B U R F O R D ...................P r e s id e n t
C. P. FHALH3IGH.........................
Secretary
A. W H E E L W R I G H T ................... A ssistan t Secretary
WM. T. ST A N D h.N ............................................... Actuarv
A R T H U R C. P E R R Y ............................................ Cashier
JOHN P. M U N N ................................. M edical D irector
FIN AN CE CO M M IT TE E :
GEO. G. W IL L IA M S ............ P rest. Chem . N at. Bans
JO HN J. T U C K E R ..........................
B u ilder
E. H . P ERKINS, J it., Prest. Im p. & T rad ers’ N at. B b
JA M E S R. P L U M ........................
Leather

J. Spencer Turner,
SU CCESSO R TO

BrinekcrliofT, T u r n e r & © o.,
M A N U F A C T U R E R A N D D E A L E R IN

City and County Bonds. C OTTON SAIL DUCK
DIETZ, DENISON & PRIOR,
CON GR ESS ST R E E T , . BOSTON.
1 9 9 S u p e r io r S t r e e t , C l e v e l a n d , <».

C . W . H A SK IN S .

E. W . SELLS

Hf.skins & Sells,

Consulting Accountants and Auditors,
TO.

a

30

BROAD

E N G I N E E R ,

CO LL M B IJS, O H IO .
Examinations and Reports Made for
Bankers and Investors of Railroad, Coal
Mining, Oil and Electric Properties-

Railroad Location and Construction.

$kccuumlauts
W esley Farrington,
L a t e A u d i t o r o r N . K . L,. E . & W . R R . C o .

EXPERT
203

S T .,

N E W YO R K

E X P E R T S V . 8 . G O V E R N M E N T D U R IN G
____________ T H E 5 3 0 C O N G R E S S .____________

THE WALL STREET JOURNAL

G iv e s v a l u a b l e in f o r m a t i o n d a ily o n s t o c k s a n d b o n d
*6 a y e a r .
D o w , J o n e s & C o ., 44 B r o a d S tr e e t.

A N D A L L K IN D S OF

COTTON C A N V A S F E L T IN G D UCK
C A R CO VE R IN G B A G G IN G ,
R A V E N S D U C K , S A IL T W IN E , &C.,
PO P E “ A W N I N G ” ST R IP E S .

ACCOUNTANT,

BROADW AY,

R o o m s 601 -6 02 M a

1133

Picard,

Jos. O . Osgood,

G IS T S S E N T UPON A P P L IC A T IO N .

M U N IC IP A L

F.

C O N S U L T I N G

This old and reliable Company now has th e exper­
ience o f forty-six years o f practical L ife Insurance,
which has taughi it th at th e si/ne qua von o f success
R E F E R E N C E S SE N T.
is the adoption o f (rood plans o f insurance, and the
pursuit of a liberal policy towards both its Insured
and its Agents. These essentials it possesses in an
eminent degree, bu t judiciously tem pered by that
conservatism which is th e best possible safeguard of
the policy-holder. Its contracts are incontestabfle
M . A M . SOC. C. E.,
after two years. Th e are non-forfeiting, providing
generally fo r either paid-up policy or extended in­
120 B R O AD W AY, NEW Y O R K .
surance, at th e option o f th e policy-holder. I t gives
ten days of grace in payment o f all premiums. Its
course during the past forty-five years abundantly REPORTS ON INVESTMENT PROPERTIES.
dem onstrates its absolute security.

BOSTON.

lanchard

E N G IN EER S.

1896.

IN T H E C I T Y O F N E W Y O R K .

_ 121 De v o n s h i r e S t r e e t ,

B

When Due.
T o ta l d e b t J u n e 1 9 , ’ 9 6 .. $ 12 9 ,0 0 0

6 s, J & J , $ 6 ,0 0 0 .............................1 8 9 6

BONDS. The United States Life

BANKERS,

&

T o t a l d e b t 8 e p t. 1 ,1 8 9 6 .. .$ 1 9 ,5 0 0
T a x v a lu a tio n 1 8 9 6 ............ 4 4 7,5 0 0
A ssessm en t ab ou t
a c tu a l v a lu e .
T o ta l t a x (p er $ 1 ,0 0 0 )..........$22 0 "
P o p u la tio n in 18 9 0 w a s ...........1,3 2 3
P o p u la tio n Iu 18 8 0 w a s .......... 1,0 5 0
P o p u la t io n In 1 8 9 6 ( a b o u t ) ..2,000

I N T E R E S T o n th e w a t e r b o n d s is p a y a b le a t A m . E x . N a t. B a n k
N . Y . , o r in L o u is v ille .

Insurance Co.

il l s

-

6 s,
,$ 1 .5 0 0 ............1 8 9 6 to 19 0 0
($ 3 10 d n e y e a r ly on N o v. 15.)

M IS C E LL A N E O U S .

E E . C. S T A N W O O D & CO.,

N e t d e b t A u g . 1 7 , 1 8 9 6 . . $ 14 5,0 0 0
T a x v a l ’tio n , r e a l & p e r . . 1 ,6 4 0 ,3 4 9
T a x v a l ’tio n , R R . & t e l g . 50 4 ,9 4 3
T o ta l v a lu a t io n 1 8 9 6 ....2 ,1 4 5 ,2 9 2
A s s e s s m e n t a b t. 1 5 p. c. a c tu a l v a l.
S t a t e & co . t a x (p er $1,000) .$ 37-4 3
P o p u la t io n 18 9 0 w a s __
1 5 ,4 5 4
P o p u la t io n 18 9 6 (e s t.). . .
16 ,50 0

Louisville, Ohio.— The following statement has been cor­
rected to September 1, 1896, by means of a special report to
the C h r o n i c l e from F. E, Favret, City Clerk,
Louisville is in Stark County.

1850.

M

[V ol LXIII.

THE ( KRONE LE.

474

il a n d

NEW

YORK.

Express

b u il d in g

.

W M . FR A N K LIN HALL,
BOOKS

ACCOUNTANT A U D I T E D

N e w fo r m s d e s ig n e d f o r b o o k s o f a c c o u n t .

Settlem ent o f Insolvent Estates.
418 E x ch a n g e B uilding, 53 State Street, Boston.’

SECURE BANK VAULTS.

AGENT

U N IT E D S T A T E S B U N T IN G C O .
A full supply, all W id th s and Colors, alw ays in
stock
1 0 9 D uan e S tr e e t, N e w Y o r k

A N D R E W S

O F FIC E

DESKS.
A N D R E W S M A N U F A C T U R IN G CO.
Bank and Office F ittings. F ine Brass W o rk . S p ecie'
designs on app lication.
SEND F O R C A T A L O G U E .

76 Fifth A v e ., S e w Y o r k C ltf.

W E LD E D CHROME STEEL AND IRON
R o u n d and F lat Bars and 5-ply P la te s and A n g le
F O R SA F E S, V A U L T S , *C.
Cannot be Saw ed, Cut
D rilled, and positively
Burgh
/r o o f

CHROME

STEEL

W ORKS,

K e n t A v e ., K eo p& H o o p e r Sts.,
Sole M an ’f ’ers in th e U. S. B R O O K L Y N , N . Y *