Full text of Commercial and Financial Chronicle : September 4, 1897, Vol. 65, No. 1680

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VOL 65.

SATURDAY, SEPTEMBER 4, 1897.

NO. 1,680.

The week’s total for all cities shows a gain of 41-1 per oent
over 1896. The excess over 1393 is 17-3 per cent and the in­
crease over 1894 is 37-3 per cent Outside of New York the
excess compared with 1899, is 37-6 par cent, the increase over
1893 is t0'6 per ceofc. and the excess over 1894 reaches 21*1 p. c.

ri j h e C h r o n i c l e .
PIME STREET, N, W . CORNER OF PEARL STREET. N. Y.

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4 Publication dlsoontinwed for the present*

390

THE CHRONICLE.

[VOL. LXTV.

the current year and that Great Britain is therefore
likely to increase its demand for cotton unless its
There has been but little change in the conditions home consumption, which has been large of late years,
this week. Business afTairs have appeared to be de­ should fall off.
veloping favorably, and unusual cheerfulness pervades
There is another large and important industry, a
industrial circles. It is a promising feature that the potent factor in any revival in the United States, that
cotton goods trade, which at first showed no sign of is rapidly getting into a restored condition. We refer
recovery, but continued struggling with its heavy to our railroad properties, which have recently gained
stocks of goods, increasing even while the mills were so much in strength and value. Nothing could better
running on short-time, has at length given evidence illustrate the altered situation they have already at­
of decided activity. If we may take the print cloth tained than the little evidence their earnings have
department as an indication of the course of the trade given of the bituminous coal strike which has so long
(that department has been conspicuous for its unsatis­ been in progress. It looks now as if this disagree­
factory condition during the last twelve months), all ment would probably be arranged shortly and the
old accumulations of cotton goods must be fast getting mines open again. Whether that proves true or not, if
into manageable shape. This is evidently true of one contrasts the effects of the present strike with the
print cloths; the stocks are growing less week by week, demoralized situation produced by a similar difficulty
although spindles in that department are now, we in 1894, a fair measure will be had of the improved
understand, very nearly in full active operation. In situation of these properties. This turn in their
July short-time was extensively adopted, and yet affairs has been reached after a long struggle with ad­
old accumulations, which were stated to be 1,445,000 verse circumstances and enforced economies—econo­
pieces on June 26, had increased on July 31 to 1,540,000 mies which have been secured through greater effic-.
pieces, showing that the current demand had not even iency, thus rendering the roads capable of doing work
absorbed the restricted production. Since that date more cheaply, and hence in being prepared to make
this total has been on the decline, first very sli g ly the most out of better industrial surroundings when­
so, but later more rapidly, the latest figures received ever they might come. It so happens now that these
(August 28) reporting the stocks held at 1,167,000 public carriers have suddenly been favored with new
pieces (a decrease since the month opened of 373,000 surroundings—a general revival of business and large
pieces), comparing with a total of stocks held crops ensuring especially large traffic. No one can
August 29 1896 of 1,948,000 pieces. Such a marked be surprised that under their reconstructed conditions
change in the tendency of the cotton goods market net as well as gross earnings should have increased,
in the face of enlarged production is highly important that the distribution to security holders should be
in its bearing upon the general industrial situation, added to, and that the future should be interpreted
but especially on the value of our cotton crop, which as peculiarly promising. There is no more hopeful
is in a promising condition to-day.
feature of the change that is taking place in affairs
This last statement suggests also the India trade than our carrying industry presents, for railroads
situation, because of the influence that country has prospered become wonderfully prolific reproductive
on the cotton consumption of Great Britain. We all agents.
know that during the past twelve months India—
An active upward movement in wheat and corn was
first, because of the severe famine there, but chiefly started again on Wednesday. It was based on higher
because of the bubonic plague—took a much smaller cables from Liverpool and steadier markets elsewhere
quantity of cotton goods than it did the previous year in Europe, probably due to the latest crop news and
from the Lancashire market. There is no question of also to export order and engagements for Australia. If
greater moment to our cotton producer to-day than the weather reports are correct there appears to have
the prospective demand from India the coming twelve been quite a severe frost in Michigan, Minnesota and
months for the same goods. Will that country's Iowa the night of August 31, injuring corn and
absorption of goods be restored to its normal condi­ probably, but to a very small extent, spring wheat.
tions? The famine is at an end, that is to say the Thoman’s crop report for the first of September has
rains up to this date have been fairly abundant; the been issued this week. Apparently it is a fair reflec­
plague has been stayed and though there are reports tion of the situation and it has received more general
of its re-appearance here and there, the presumption is acceptance than the Agricultural Department's state­
that with the experience of the past year as a guide ments. He makes the outlook on the first of Septem­
i t will not be allowed to spread this season. The chief ber (of course that does not include the frost,
unfavorable influence at the moment is the uprising injury) less favorable than on the first of August.
among the border tribesmen, which assumed import­ His estimate of the winter-wheat crop is 355,000,ance because of the taking of Kliyber Pass in Eastern 000 bushels, and of the spring wheat 195,770,000 bush­
Afghanistan and the more recent reported taking of els, or a total of 550,000,000 bushels. Of course
Kohat Pass, which report later information indicates whatever damage has been done to spring wheat
to have been incorrect. Overmuch has been made of since the last of August remains to be deducted..
these matters. Of course they would prove very The yield of corn he estimates at 1,957,736,000
serious if Great Britain was weak, inexperienced or bushels, but adds that “there is still danger of a*
dilatory. It takes time to get ready even to put down further deterioration by an early frost.” As the frost
a mob. We suppose that to collect and provide for, referred to above occurred since the Thoman estimate
-•<k-'*as to move, an army into Afghanistan will call for was prepared, and as the frost is reported to have in­
New Yuitience on the part of civilians here. Never- jured corn, a deduction from the foregoing total
b o u O are not permitted to doubt that it will be will have
to be made. Telegrams from Illinois
report injury to corn in that State also. This was
q i IM T O N G it* an<^ that the army will move, tl
^en, and the uprising will col laps
caused by dry weather, and probably has been allowed
a W A L L S T ., N E W India will want cotton goods agai
for in Thoman’s report; he makes the corn condition
t h e f in a n c ia l s it u a t io n .

S eptem ber 4, 1897. j

THE

(CHRONICLE.

391

in Illinois only d Sept, l, against 92 reported bv him improvement in the situation which has already
August 1. We cannot quite reconcile the very free occurred, though the movement as yet is only in its
movement of old corn to market with the prospect of ineipieocy. The great falling off in the number and
a comparatively small new crop. This movement will importance of the mercantile failures is perhaps the
be likely to fall off very soon, or else the presumption best evidence of the advent of new and more favor­
would seem to he that the damage to corn has been able conditions in the industrial world. Accord­
ing to the statistics compiled by Col. W, M. Grosoverestimated.
A matter which has caused some disappointment venor, for Dim’s Review, the liabilities involved in the
has been the monthly figures of Government revenues failures for August 1897 amounted to only $8,174,428,
i'-ued this week. The daily reports have shown about against $28,008,6117 in August 1896, $10,778,829 in
what the result was to be so that the total was not a 1895 and $1.1,822,346 in 1894. As Col. Grosvenor
surprise; hut it has proved a disappointment because well says, the conditions a year ago were altogether
of the impression it has left in the minds of many of a exceptional, owing to anxieties connected with the
very large deficit for the year, much larger than any Presidential election, but the comparison with pre­
of the estimates that were made in Congress by vious years is sufficiently encouraging. The number
those having the tariff in charge. Indeed, the total of insolvencies is perhaps not so good a guide to the
income, according to our statement?, which in­ situation as the liabilities, since there will be numer­
clude the National Bank Redemption Fund (see the ous small failures even in the best of times, but even
Commercial and Miscellaneous News Department, page in this ease the comparison is very satisfactory, the
400), is only $20,419,000, the smallest total in a similar number at 921 for August 1897 contrasting with 1,107
record we have before us which gees hack to 1888. for August 1896 and with 1.025 and 1,031 respectively
October 1894 was very nearly the same, being $20,- for 1895 and 1894. Col. Grosvenor has figured out
the ratios of defaulted liabilities to bank clearings, by
908,000.
Hut the inference drawn from these result - with re­ months, for a series of years, and commenting upon
gard to future deficits and the year's outcome is not the result says: •‘ Between defaults amounting in a
warranted; a single month’s receipts are not a suffie- single month to eight-tenths of one per cent of all
ient basis for judgment. There will, no doubt, solvent payments through clearinghouses,, as in Sep­
be a considerable deficit the first twelve month.', tember of last year, and only 107 thousandths Of one
under the new tariff: that everyone expected. per cent a? in August this year, there is a wide
What we intended to sav was that there are reasons difference, 1; means to the commercial and banking
for believing that the smallness of the Government world a change front midsummer darkness to the
income in August was an extreme remit; it may be dawn of day."
almost as small in September again, hut after that there
The returns of bank clearings tell the same story.
will probably be a moderate expansion. The fact ' The re. or i for the month just dosed <August) is in­
that the receipts were for the month immediately fol­ deed a very notable »iif. The volume of the ex­
lowing the enactment of the higher duties i? of itself changes through the clearing houses (taking the
an explanation for an abnormally -mail total. The country as a whole) was for August 1897 1.284 mil­
arrangements for new imjmrts wonld not so soon after lion dollars greater than for August last year. But. it
the rates were fixer! be made and carried out in any ia not merely the amount of increase that attract*
except urgent cases. It is presumable too that when attention. The ratio of improvement, is also very
the completed trade figures are made public the striking, reaching over 36 per cent. Of course
amount in warehouse will he found to have been we arc comparing with a small total a
increased. There has been as yet so little change in year ago, but even m compared with 1895.
prices of commodities here that a merchant could when « revival in business was in progress, the gain
not have reimbursed himself if he had marketed amounts to 707 million dollars or 17 percent. In­
commodities in August bought in Europe at deed, the total at 4,846 millions is 298 millions in
the old prices ruling there and paid a higher excess of the veff exceptional total for August. 1892.
duty under the new tariff. 'Hum, again, the Of course a very large part of the gain has occurred
August disbursement' were probably larger than at New York, the clearing* at this point the pres­
the average will be; the totals for .July and August ent year having been 2,937 million dollars, against
are usually both of them exceptional. It is likewise only 1,971 millions, an expansion of nearly 50 per
an interesting and encouraging fact that the monthly cent.
receipts from internal revenue taxes were quit- full
No doubt speculation has played a very import­
considering the large payments which were anticipated ant part in -welling the aggregate at this point.
before the new law went into effect. This total was For in stan c e, on the New York Stock Exchange
u August $11,193,000. The internal revenue receipts the .-hare s.de? during the month readied 11,436,248
in the calendar year 1894 averaged only $11,080,000. shares. Wo wonld have to go back eleven years to
in 1895 the average was $11,884,000 and in 1896 the December 1886 to find a monthly total of sales large r
similar average was $12,279,000. Those facts with than this, though the amount lias been closely ap­
regard to the productiveness of this class of taxes under proached once or twice in the interval since -then.
the old law would indicate a substantial increase in Much of the Slock Exchange business is cleared by an
the same department of revenue shortly when the independent method; still activity there has a decided
Government will receive the full benefit of the addi­ effect in swelling ordinary tank clearings, and besides
tional imposts.
this there has been considerable speculation in grain
As confirming our remarks above respecting the on the Produce Exchange. There is one other cir­
growth of activity in trade and hudn<->. the monthly cumstance that may help explain the exceptional
trade record? this time possess umi-uni interest. Rail­ pre-eminence which New York holds in the present
road earnings, bank clenrings and the reports of mer­ improvement. We refer to the series of excursions
cantile failure? all hear striking wit nos? to the great inaugurated i»v the Merchants' Association of this city.

392

THE CHRONICLE.

These had the effect of bringing buyers here in large
numbers from all parts of the country, and according
to press reports led to very extensive purchases of
goods in this city, .lust to what extent these excur­
sions have been instrumental in stimulating activity
at this point is of course hard to tell, but the scheme
has certainly been a great success, and President. Will­
iam F. King and his coadjutors deserve great credit
for the way in which they initiated the movement and
have carried it through.
But while New York City has boon exceptionally
favored in the matter of gain in clearings, it
must not be supposed that the improvement has been
confined to this point. Outside of New York the
ratio of increase is not as large as here, and yet
amounts to 20 per cent, showing that trade revival is
in progress all over the country. This is also con­
firmed by reference to the returns for the separate
cities. On page 398 we publish the table formerly
given in this column, showing the clearings for four
years at all the leading cities, and it will be found
that out of 23 cities included in that statement only
two fail to record larger totals.than in the same month
of last year.
As to railroad earnings, the returns now being re­
ceived show how substantial is the progress which
our leading transportation systems have already made.
Take for instance the statements of gross and net for
the month of July. Practically every leading com­
pany which has this week furnished a return for that
month shows a large gain in both gross and net.
Among Northwestern roads the Chicago Bur­
lington & Quincy reports $289,708 increase in gross,
$113,112 increase in net: the Canadian Pacific $303,127
increase in gross, $215,124 increase in net. From
the South we have the return of the Louisville &
Nashville with $167,856 gain in gross and $127,717
gain in net, and that of the Chesapeake & Ohio with
$117,647 gain in gross and $44,862 gain in net.
Among the trunk lines the Erie shows an addition of
$215,361 to gross and of $15,731 to net. in the anthra­
cite coal group, the Beading has made a considerable
improvement in gross and gives the net of
the combined coal and railroad properties as
$1,041,181 for
1897, against only$841,512
for
1896; the Lehigh Valiev on its railroad opera­
tions has lost in the gross but
gains in the
net, and on the operations of the Coal & Iron Com­
pany has just reversed this, there being an increase in
gross with a decrease in net. Out in Colorado the
Denver & Rio Grande, notwithstanding the depression
in silver mining, is able to show $75,939 increase in
gross and $46,897 increase in net. It should be re­
membered that these all cover results for July,
when the improvement in trade was not so pro­
nounced as it has since become. For August
we had yesterday afternoon the return of the
Bock Island, showing $375,810 gain in gross, and
that of the Milwaukee & St. Paul reporting $256,247
gain.
The Pennsylvania Railroad statement for July has
also been issued this week. The road must have been
adversely affected to an important degree by the strike
of the bituminous coal miners. Yet the return records
a gain of $221,800 in gross and $349,100 in net on the
Eastern lines, while on the Western lines there is only
$ 160,800 decrease in gross and $75,100 decrease in net.
The following compares the results on the Eastern
ines for a series of years.

V ol . LXV.1

t,JN *8 BAST OF
P it t s b u r g .

181*7.

1896.

1895.

1891,

1893.

1892.

July.
i r o s s e a r n in g s ........
>perat’g e x p e n s e s .

f
5,480,395
8,668,661

I
6.258,59?
3,795.964

1
5.415.395
3.855,564

$
4,759.325
3,350.509

*
6.552,047
4,021,540

*
5,578,072
4,185,407

S e t e a r n in g s ...

1,811,731

1,462,631

1,559,831

1,408,816

1,530,507

1,393,205

f a n . 1 to J u l y 31.
Iro sa e a r n in g s ........ 85.06P.970 35 663.871 34,974,170 81,0*7.503 39.437,464 38.274,124
^ p era t’g e x p e n s e s . 24,77.6,688 26.588.t83 25.768,083 22.727.968 29,07 l,4 9 i 18,023,421
N e t e a r n in g s ... 10.293.2*7

8 975,187

9.205.187

8.27P.535110.365.972 10.250.70

Money on call, representing bankers’ balances, has
loaned this week at 1 and 1£ per cent with comparaparatively small amounts at the first-named rate and
the bulk of the business at 1£, which has been the
average. Some of the larger banks have loaned at
per cent, but the majority of these institutions and the
trust companies maintain 1£ per cent as the minimum.
There is only a moderate demand for time loans
and rates are 2£ per cent for sixty days, 3 per
cent for ninety days, *"3@31 per cent for four
and 3£@4 per cent for five to six months on
good Stock Exchange collateral.
Some round
amounts of money have been placed by one of
the larger banks at 31 per cent for four
months, and Eastern mill paper having from six
to eight months to run has sold at 3£ per cent.
The supply of commercial paper is not large, partly
because borrowers have been accommodated at their
banks on satisfactory terms, and the supply has been
somewhat influenced by discounting of bills by buyers
of goods, though this has not been general and only in
cases where the purchasers have insisted upon such a
course. Bates are 3f @4 per cent for sixty to ninety day
endorsed bills receivable, 4@41 per cent for first-class
and 4f @5 per cent for good four to six months’ single
names. Brokers look for a better supply of commis­
sion house aird other paper by the end of this month.
The movement of currency to Western and Southern
points, which began to be in a moderate way a feature
last week, has been more general this week, and fairly
large transfers of silver dollars have been made
through the Sub-Treasury. It is reported that Chi­
cago banks are shipping about $1,000,000 currency
per day to the grain sections, and that at least $15,000,000 have been sent within the last fortnight. The
bankers who attended the Convention of the American
Bankers’ Association at Detroit a fortnight ago all
spoke very encouragingly of the business situation,
present as well as prospective, and they claimed that
the prospects for a large fall trade were excellent.
Re-discounting by New York banks for Southern insti­
tutions is not yet large, mainly because of the late
movement of the cotton crop.
The news from India regarding the successes of the
Afridis caused some uneasiness in London early in the
week, but this was allayed by the declaration by the
military authorities in India that as soon as a con­
certed movement could be made the insurrection
would be speedily suppressed. A London cable
announced
that purchases of India Council
bills would be suspended for at least ten
weeks, and the only explanation given by the
Secretary of State for India was that the Gov­
ernment has very little money in India to draw upon,
owing to the famine and the plague having rendered
the collection of taxes slow. The Bank of England
minimum rate of discount remains unchanged at 2 per
cent. On Monday the Union Discount Co. of London
cabled us that they had that day changed rates for
money on deposit from a half per cent to one per cent
for money at call and from three-quarters per cent to

THE

S eptem bsr 4, 1897.]

CHHONJLCLE.

one and a-quarter per cent for three to seven days’
notice. The cable likewise reports discounts of sixty
to ninety-day bank bills in London 2 per cent. The
open market rate at Paris is 1J per cent and at
Berlin and Frankfort it is 2f per cent. According to
our special cable from London the Bank of England
lost £452,102 bullion during the week and held
£35,772,737 at the close of the weok. Our corres­
pondent further advises us that the loss was due to
the export of £383,000 (of which £150,000 were to
Russia, £133,000 to other Continental countries and
£100,000 to Egypt), to the shipment to the interior
of Great Britain of £124,000 net, and .to the import
of £55,000 from South America,
The foreign exchange market has been steady to
firm this week, influenced by dear discounts in Lon­
don, by a light supply of spot grain bills due mainly to
tardy shipments, and also to re-buying to cover drafts
previously sold. There has been a good demand to
remit for securities sold here for European account
and also for mercantile settlements, which has kept the
market quite hare of bills, and some comparatively
large remittances have been made with cable
transfers.
One reason assigned for the small
supply of grain bills is that the amount of
wheat which has gone forward is really lighter
than would appear from the reported purchases
for European account, there having been a great
deal of speculation in the staple by operators be­
tween New York and London, the grain being gold
instead of shipped and later re-bought either for an­
other turn or for actual shipment. Sides of futures
against cotton have been fairly liberal this week, and
it is now expected that there will be a moderately largt?
supply of cotton bills in the market by the middle of
this month. There was no change in nominal rates
for exchange this week until yesterday, these re­
maining at 4 H|4 for sixty day and 4 804 for
sight; but yesterday some of the bankers ad­
vanced to 4 88 and 4 87 respectively. Rates for
actual business in cable transfers were advanced onequarter of a cent on Monday, to 4 86(8:4 86J. There
was no further change until Wednesday, when
there was an advance of one-quarter of a cent all
around, to 4 8$f@4 84 for long, 4 85j@4 86 for short
and 4 864(84 86| for cable transfers, and the market
closed strong, influenced by the firm discount rate in
London and the movement of gold to Russia, etc.,
which was regarded as foreshadowing an advance in
the Bank rate. The fact that no change was made
in the Bank minimum on Thursday tended to make
the market a shade easier, but it closed strong yester­
day at a further advance of one-quarter of ajeent.
in te r r tn n u

day*.
Brown Bro*...... 16f>
>fU*ht_..
BartRjir,
160 day*.
Mmwmm & Co ‘
..
Bank British
f 69 days.
If#, Araatiiai. #SfjrbtBank Of
$00 day*,
, U vm ttm i..... f SightCanadian Bank i m fia r *
- «f €t>mm.org*?. 1 Sight.. lietdelbacb, Irk- ■60 days
•Ihnimnr .%Co Slant....
days,
Lasard T im m ,. jX60
Slant...,
M&mbmnts' Bit, 160 day*,
>.f C anada-.... f Stsrht—

su t b *

r o » roasTOB

k x o o aso b .

Tnx„
Fit!
Ttra^L. WSL. AHPU
dug. 27 Aug, m Aug. a t SepL I. Sept. S SeptMU
mn
MU
804
87
mu
mu
MU
mu
86J*
mu
%*U
MH
mu
t« *
MU.
mu
6*H
Hu
HH
Bos*
WH
m i
wu
sm
MU
**H
MU
HH
mu
mu
W-H
mu
85
**U
mu
MU
H
t*H
87
mu
9*H
"H
MU
»>H
>■04
m
80„
WH
WH
WH
MM
fOH
*4*
mu

m
m

S3
las

n

cable transfers. Prime commercial bills were 4 83|-@
4 83| and documentary 4 83@4 83£.
The following statement gives the week’s movements
of money to and from the interior by the New York
banks.

%
% B& s&

The market closed strong on Friday with nomi­
nal rates 4 84§@4 85 for sixty-day and 4 80i)@4 87
for sight. Rates for actual business were 4 84@4 84}
for long, 4 86@4 86} for short and 4 86}@4 86| for

Received by

Ending September S, 1897,

Shipped by " N e t In te rio r 'gj

tV. T . Banks. N. T , Batiks.
Movement. "™
S3,357,000 $6,921,000[Loss.$3,564,000
408,000
•<73,000'Loss. 365,000

Total gold and legal tenders —

$3,765,000 ST.aBi.OOO'ljO-s, $3,929,000

With the Sub-Treasury operations the result is as
follows
Info

Week Ending September 3. 1897.

Banks.

Out o f
B inks.

| N et Change in
| Bank Holdings.

Banka* interior movement, as above §3,765,000 $7,694,0001Loss.bS,929.U00
8 ob-Treasuiy operation*........ . — 13,400,000 13,700,000 Loss. 300,000
Total gold and legal tenders....... §17.165,000 $21,394,000 Loss.$4,229,000

The following table indicates the amount of bullion
in the principal European banks this week and at the
corresponding date last year.
September 2 , 1897.
Bank of

Gold*

Stiver,

£

£

j

September 3. 1890.

Total.

Gold,

£

*

j

Stiver.

total.
£

44,044,283
35,772,73? 41,014,283
E ngland...... 85,? 71.737
France....... S1.U1.208 I8.830.85l 199,992,119 s i.s u , m 50,172,272 132 013,385
29.956.000
43.210.000
15.178.000 45.183.000
14 691,COO
Germany*..,,
12.517.000 50.563.000 28.660.000 12.817.000 41.513.000
Au*t,-Hung'y
Spain......... 9.028.000 10.690.000 10,718,(MK 8.522.000 10.510.000 19.032.000
N etherlands. 2.033.000 n^m .ooc 0,529.001 2.634.000 0.586.0C0 9.520.000
4,151,000 2,«28,0i0 1,BH,000 8.042.000
Nat-Belglnm* % i m , m
Toi.liitft week 197,907,388 95,068,518 202.O6-.b56 108,290.306 h0,907,272 295,107,608
7m * prev.w fk m , u v , n $ WWW77 295,307,705 202,110,217 97,571,423 209,711,040

• Thu division (between K»1<1 and divert given in our table of coin
»tid bullion in the Bank <>f (Jenin,ny and the Bank of Belgium is m ade
from tile best esilmaiie wo arts abie to Obtain; to neither oaso tail
claimed to bo nocurate, as tbo«n bank* make no distinction in their
weekly returns, merely reporting the total (told and silver, but we be­
lieve the division we make is a oio'o approximation.
«* roeeivo Uie foregoing results weekly by cable, and w hile
c o t »ti of Ills date Riven at the head of the column, they are the re
turn* issued nearest to that date—that la. the latest reported figures.

PRESIDE.\ T FA VUE'S VI S I T TO RUSSIA.
Whether the personal interviews of sovereigns in
these days have any actual interest other than spec­
tacular is a question which Europe asks itself period­
ically. International State affairs arc so systematical­
ly conducted, since the rise of modern diplomacy,
through resident Ambassadors, that it is not easy to
see what more can be accomplished by a personal con­
ference between ruins. Certainly such free-handed
reconstruction of the map of Europe as was indulged
in during 1807 on the raft at Tilsit is inconceivable
to-day. Sovereigns meet, as Napoleon and Alexander
did: they are quite as lavish of compliment and titles;
but they build up no Westphalian kingdoms or Polish
duchies. The real dismemberment of States in the
last half century has been managed, as in the Berlin
Conference of i s 78, by .Ministers of State, consulting
without the presence of their sovereigns. Even in the
recent, remarkable civilities of the English Government
to the Government of France, a very small part of
popular interest in the episode converged on the con
fereuee. of the Queen with the President of the Re­
public. What everybody was curious to know was the
nature of Salisbury's interviews with Hanotaux.
Nevertheless, no conference of French and Russian
premiers or ambassadors could possibly have excited
the interest which has been attached to last week’s
visit of President Faitre to St. Petersburg. In part
this interest has doubtless arisen from the misgiving
of the French that circumstances were drawing the
Russian Government into other alliances which did
not promise well for France. That the recent GrecoTurkish crisis forced the Russian statesmen to act in
close concert with Germany was evident to anybody ;

U
H

ssg

3 93

r 394

THE CHRONJCLE.

for a time it certainly seemed as if diplomacy in the
last years of the Nineteenth Century would divide
Europe sharply into Eastern and Western alliances.
Such a misgiving would at all events explain the
feverish interest of France as a whole in the reception
of its President in Russia. The reported Franco-Russian alliance of the last two decades, always regarded
with a half-amused skepticism by outsiders, has hoen
taken very seriously by the French. Cynical English
critics in particular have been ready to point out
the immediate advantages which Russia had to gain
from such affiliations ; and it could not be denied that
several of these “Slavophile” outbursts in France were
followed by the negotiation of a new Russian loan at
Paris, resulting, on one memorable occasion, almost
in the bankruptcy of the underwriters, despite their
urgent call for subscriptions from every Frenchman
who called himself a patriot. But the French stead­
fastly refused to recognize any such sordid motive in
the exchange of international good-will; the more
impulsive of its press and people persisted in main­
taining that this was distinctly an anti-German union,
destined perhaps to strip the German Empire at some
future date of Alsace and Lorraine.
It is easy at all events to comprehend the feelings
of this class of people over the reception of President
Faure at St. Petersburg. To begin with, the German
Emperor had taken his departure, after a similar mis­
sion, immediately before the French President set out
for Russia. Emperor William had been received with
almost effusive courtesy; he had departed, loaded
with compliments and gifts ; whether or not with any­
thing more substantial, was the question. Last week
President Faure followed his imperial predecessor.
He was received with equally distinguished favor;
this was to be expected, for these are not such
days as 1859, when Napoleon III. turned on his
heel from the Austrian Ambassador at a State re­
ception, remarking that the relations between their
respective governments were not what could be de­
sired. The sensation-loving Emperor of the French
was anxious to pick a quarrel with his neighbor; noth­
ing is further from the mind of the Russian Emperor
to-day, and this was well understood beforehand. But
for that very reason mere expressions of imperial
courtesy and good-will were only half satisfactory to
France. This week’s real outburst of jubilation was
occasioned by the Czar’s concluding remarks in his
farewell toast to President Faure on board the French
warship: “ Your stay among us has created a fresh
bond between our two friendly and allied nations
which are equally resolved to contribute with all their
powers to the maintenance of the peace of the
world.”
It is the use of the word “ allied "jin this little
speech which has set fire to French popular enthu­
siasm, most of the Paris critics going so far as to
declare that the Czar’s remark was public announce­
ment to the world that a formal treaty had been con­
cluded between the Russian Government and France.
Probably this inference assumes too much, though it
must be admitted that Premier Meline’s remarkable
language, in his reply this week to the anti-German
address from Alsace, was a very striking echo of the
sentiment of the boulevards. But for all this, alli­
ances of the first importance never come in such ways
to the public notice. Had there been drawn a fresh
treaty of real and great significance, the fact would
hardly have been proclaimed over the dinner table. It

[Vox,. LiXV.

was, moreover, entirely accurate for the young Czar
to speak of France and Russia as allies, when referring
only to the diplomacy of the last ten or fifteen years.
But in Europe generally, a further interpretation of
great significance is placed on the imperial speech.
France and Russia are allied, no doubt, but their alli­
ance is purely a move in behalf of European peace.
This was the upshot also of the German Emperor’s
recent visit to St. Petersburg; the speech last week,
therefore, possesses double significance. It is true,,
ambitious rulers are not always sincere in declarations
of this sort, The First Napoleon delivered himself
periodically of high-sounding professions in behalf of
peace; indeed, his public utterances during the first
few years of his imperial office were made up in large
part of complaints that Pitt and the English Ministry
were fomenting war. But nobody, even then, took those
professions seriously; Nifpoleon’s purposes were suf­
ficiently understood. There seems to be no such
reason for discrediting the pledges of the Russian
Emperor; at-present the interests and purposes of his
Government are undoubtedly subserved by peace...
The able diplomatists who act as his advisers must
have seen that whereas international friction would
bring the British navy into the Bosphorus at the first
hostile demonstration of Russian troops, preservation
of the present singular status quo may result in Con­
stantinople some time dropping like a ripe plum into
Russia’s lap. A year ago, the tone of comment in
the London clubs and newspapers foreshadowed the
possibility that, under certain conditions, England
would be content even now with such results.
. Viewed in connection with the recent changes on
the chessboard of European diplomacy, this present
attitude of Russia is highly interesting. Even a quar­
ter of a century ago nothing could have seemed more
improbable than the rise of Russia as the arbiter and
guardian of Continental peace. Yet it was certainly
Russia which checked last spring’s uprising in the
Bulgarian provinces; it was equally Russia which stayed
the hand of Germany, on whom the Sultan was count­
ing for support; and it was the letter of the Czar which
put a quick end to the impertinences and double deal­
ing of the Turkish Government.
If this is to be the consistent policy of Russia, the
peace of Europe is pretty well assured. England, ap­
parently, is still more or less in a position of diplo­
matic isolation; even the French Ministry, politely
rejecting one recent overture of Lord Salisbury for the
settlement of the Greco-Turkish trouble, pointed out
that the interests of European peace were para­
mount—a communication which suggested, even be­
fore the conference at St. Petersburg, the influence of
Russia’s policy. But since all Great Britain’s inter­
ests predispose its Government to the maintenance
of peace, it will of necessity, alliance or no alliance,
co-operate in the declared purposes of the Czar. The
unsettled questions of Turkish occupation of Thessaly
and of the Greek indemnity are, with reason, somewhat
galling to English pride; but the mistake in that di­
rection, if mistake there was, occurred when the Brit­
ish ironclads joined in the blockade of Crete. The
consequences of that action cannot be undone; the
best that England can accomplish now, and that is
very little, is to mitigate as far as possible the burden
to be placed on Greece. Meantime, in the broader
view of the maintenance of good relations between the
first-rate European Powers, the situation is distinctly
reassuring.

SKPTUtBKK 4

■" T i

I'HR CHRONLCLE.

395

Louisville New Orleans & Texas. For the Chesapeafc
THE I L L I N O I S C EN TRA L REPORT.
Ohio & .Southwestern it is not possible to give definite
The date of the annual meeting of the stockholders figures, since the property has been operated by re­
of the Illinois Central Railroad Company having been ceivers and its reorganization has only recently been
changed to the third Wednesday of September, which completed. But the Illinois Central report says that
the present year falls on the 15th, the annual report of the gross receipts of the line have in recent years ex­
the company has been issued with more than ordinary ceeded #2,500,000, and the belief is expressed that in
promptness, so as to have it ready for inspection by the the condition to which the property has now been
shareholders well in advance of the meeting. The re­ brought it is safe to assume that it can be operated for
port covers the year to Jone 30, and hence is issued less than 70 per cent of the gross receipts. This
within about sixty days after the close of the period to would give net of at least #750,000, whereas 3 | per
which it relates. For a system of the size of the Illi- j cent interest on the #20,000,000 of bonds to be issued
nois Central, this is very quick and expeditious work, j on that line would call for only #700,000 per year.
No other com] any of equal magnitude or importance I During the reorganization of the road and pending its
has as yet presented a complete report for the year complete absorption by the Illinois Central, the road has
ending June 30? and indeed we have had thus fart been a drain on the Central's income to the extent of
only three or four reports of all kinds for that period. ! the interest charges on the bonds issued in 1894 by the
The Illinois Central is a conspicuous instance of a Central in acquiring Chesapeake Ohio & Southwest­
company which in recent years has greatly extended j ern securities. During the late year $246,600 was
its mileage, adding at the same time to its capital and ■deducted from the Central’s income in that way. But
fixed charges, and which yet has maintained its pros, j this drain has now ceased, and henceforth the road
perity unimpaired—having in the late year, as we \ should be a source of profit.
shall presently show, paid and earned five per cent on j We have said above that the Illinois Central in the
$52,500,000 of stock. The depression the country has late year paid and earned 5 per cent on its $52,500,000
experienced the last few years has been such as to test j stock. From the annual report it appears that it not
the strength and endurance of the staunchest properties. only did this but was able to set apart #150,000 for fu­
And if we seek to account for the Central's continued ture betterments and yet carryforward a small balance^
pre-eminence and good fortune in carrying out a policy to the credit of surplus dividend fund. Moreover
which has proved disastrous in many other instances, this was done in a year when many of the conditions
we shall find the explanation very simple. In the first were unfavorable and when very large amounts were
place the new acquisitions appear to have been judi­ spent and charged to operating expenses for mainte
ciously made and capable under Illinois Central nance of way and equipment. During the first six
management of being profitable in themselves. months of the fiscal year, that is, for the period from
In the second place, the high credit of the Central July 1 to December 31, gross receipts from traffic
has enabled it to finance the operations connected decreased #219,553 and net receipts decreased $788,599,
with these acquisitions on unusually favorable terms but in the second half of the year (from January to
As the reader knows, the company has recently nego­ June) gross increased #327.647 and net increased
tiated several Hsu*-- of bonds at 31 percent. This is #121,085.
Taking the year as a whole gross receipts increased
as low an interest rate us the best railroads in the
United States have vet been able to obtain. Thus the $108,095, while net receipts diminished $665,514,
company ha? contracted to refund at 34 per cent the owing to ,(n augmentation of $773,609 in expenses.
#2,000,000 of Illinois Central Springfield Division 0 F.xamiimt inn of the expense accounts discloses that the
per cent bond? which will mature .January 1 1898 aggregate cost of transportation was only slightly in
and the #1,359,000 nf Chicago St. Louts & New creased, notwithstanding the road moved a very much
Orleans 7 per cent bonds maturing November 1 1897. larger amount of traffic, and that the addition to
Contracts have also been made for the sale of not ex­ the expenses wa> due mainly to the enlarged
ceeding # 1
too of Illinois (fii!ral, St. Louis betterment and renewal outlays. Thus under the head
Division, 3 | per cents, to take up leased line bonds of of Maintenance of Way and Structures and Mainten­
the St. Loui- Alton A Terre Haute bearing much ance of Equipment we find an inreease of $558,393
higher rates. Beside? thin, contracts have been over 1895-*:. The total expenditures under these two
entered into for the issue and sale of not exceeding heads in 1896-7 were $6,307,029, and the report
♦20,000,001* Louisville Division 3.4 per cents to cover points out that this represents no less than 28-525 per
cent of the year's gross receipts. The report also
the old Chesapeake Ohio & Southwestern line.
Th e Yazoo
Mississippi Valley (formerly Louis-1 tells ns that these heavy outlays are caused by a
vrlle New Orleans d Texas Railway) i- one of the steady adherence to the policy of improving the stand­
older acquisitions of the Illinois Central, which is ard of maintenance through direct charges to current
showing very profitable results now. Gross earnings income. Moreover the statement is made that at the
have steadily improved during the last three or four close of the year the company's entire equipment,
years, and net earning- -till more, the amount of the consisting of 703 locomotives, 575 passenger cars and
net for THuu-f having been #1,20**.*97, against only 23,235 freight cars, was actually on the track fit for
#759,119 ?< t 1*92-3 After meeting all charges the service with the exception of 10 locomotives.
operation of rhi- road in the late year left a surplus
Another noteworthy fact is that the good showing as
of #570,44L Out of this *100,000 was set apart, to income was made on an exceptionally low freight
which, with #l.Vt.708 already disbursed and charged to rate. It will be a surprise to most persons to hoar
operating expenses, will replace the damage caused that the average per ton per mile on the Illinois Cen­
by the breaking of the levees of the Mississippi tral is now as low as that for the New York Central.
River, Th. balance of *170,441 will go to the During the late year this average was reduced almost
Illinois Central as interest on its holdings 10 per cent, it declining from 745 mills per ton mile
of the second mortgage income bonds of the to only 6-71 mills. The average for the New York

39B

THE CHRONICLE.

Central for the same year is not yet available, but in
1895-0 the average on that system was 6-7 mills. The
Illinois Central moved a large quantity of corn from
Illinois to Kew Orleans for export during the twelve
months and on account of the long haul necessarily
had to carry it at very low through rates. But this
was not the only cause of the decline in the average ;
there was a general shrinkage in rates occasioned by
competition.
As already remarked, many of the conditions dur­
ing the year w'ere unfavorable. Aside from the de­
cline in rates the depression in business was an ad­
verse influence. The effects of this are seen in a
contraction in the passenger revenues in the sum of
$180,310.
On the Iowa lines there was a much
smaller movement of grain, and earnings fell off about
$400,000. This, it is true, was offset by increased
traffic on the Southern lines, but on the
other hand, on the Yazoo & Mississippi . Val­
ley (whose accounts are kept separate) floods
caused $258,708 of damage, besides the loss
occasioned by the interruption of traffic through
the floods—from April 3 to June 14 1897. We
have also seen that the Chesapeake Ohio & South­
western was a drain on income to the extent of $246,600, which drain has now been stopped. Altogether,
therefore, it is evident that the company is able to
present a satisfactory income statement in face of a
number of untoward occurrences. For the current
year, with an improvement in these various particu­
lars, the prospect must be judged to be correspond­
ingly more encouraging.
In addition to heavy expenditures for improvements
charged directly to expenses, the outlays on capital
account during the year aggregated $2,652,963, and
$422,500 of the amount was provided from the fund
for betterments set apart from the earnings of the
previous fiscal year. These new capital outlays con­
sisted chiefly, as may be seen by reference to the item­
ized account of the same printed on another page, of
expenditures for new second track and sidings, the
purchase of additional equipment and the expendi­
tures for the Lake Front improvement at Chicago.
The management is trying to induce local invest­
ment in the company’s capital. To that end a plan
was announced four years ago for assisting the
company’s employes to buy shares of the stock in
small amounts through partial payments. The report
says that these purchases by employes have led to
buying by others living along the line. The aggre­
gate holdings in this way are not yet large, but the
statement is made that there are now registered on
the company’s books residents of every State and of
almost every county served by the road. In further
pursuit of the same purpose the company has now
also adopted the policy of granting free transporta­
tion over its lines to Chicago and return to stock­
holders wishing to attend the annual meeting. The
object had in view in these arrangements is a com­
mendable one, and the experiment will be watched
with interest.
CAN A N IL L E G A L L Y ORGANIZED MUNICI­
P A L IT Y CREATE VALID OBLIGATIONS.

Can the people of a municipality which has been
declared illegally incorporated and been succeeded by
another municipal corporation escape the payment of
debts contracted by the original corporation while act­
ing as an illegal body? This is a question which came

[V ol. IiXV.

up in one of the cases decided by the U. S. SupremeCourt just before its adjournment, and as the facts
are interesting and may have application in other in­
stances, it will be instructive to set out the main fea­
tures of the case.
It appears that in May 1889 the then city of San
Angelo, Texas, issued and sold $10,000 of bonds
for the purpose of improving its streets and public
highways. The proceedings seem to have been regu­
lar in every way. The bonds were duly executed and
registered as required by law, and the- proceeds were
properly applied to improving the streets and public
highways of the city. Up to the beginning of 1889
San Angelo had existed simply as a town. But on
January 18 1889 it was incorporated as a city, and
shortly thereafter, pursuant to an order of the county
judge, an election was *held at which a mayor, a
marshal and five aldermen were chosen, who thereupon
organized a government for the city and entered upon
the performance of their duties as such officers. It
was this municipal body, so organized, that created
and sold the bonds referred to.
Subsequently, however, the legality of the incor­
poration of the city was questioned. In 1890, at the
fall term of the District Court of Tom Green County,
the county attorney, at the instance of a citizen and
tax-payer of the city, filed an information against the
Mayor and other officials, alleging that the city was
never legally incorporated, and hence that the persons
referred to were unlawfully exercising their respective
functions. This action was sustained by the Court,
which on December 15 1891 entered a decree ousting
the persons named from their offices, and adjudging
the incorporation of the city null and void. The
record did not disclose the ground upon which the
Court proceeded in disincorporating the city, but the
inference was that the incorporation included within
its limits unimproved pasture lands outside of the
territory actually inhabited and that the incorporation
was declared invalid for that reason.
Shortly after this decision—that is, on February 10
1892 —the city was again incorporated, this time ex­
cluding the unimproved land, but including all the
improved part of the prior corporation and in which
existed the streets and highways in the construction
of which the proceeds of the bonds had been expended.
The new corporation, however, would not admit re­
sponsibility for the bonds, and refused to pay the
interest on them. Augustus F. Shapleigh, of Mis­
souri, as owner of them, brought suit in the U. S.
Circuit Court for the Western District of Texas, to
compel payment, but being unsuccessful in that Court
he sued out a writ of error bringing the case to the
U. S. Supreme Court.
It will be seen the question was, what was the legal
effect of the disineorporation of the city of San
Angelo and of its subsequent re-incorporation as
respects the bonds in suit. Did the decree of the
District Court of Tom Green County, abolishing the
city as incorporated in 1889, operate to render its in­
corporation void ab initio, and to nullify all its debts
and obligations created while its validity was unchal­
lenged? Or can it be held consistently with legal prin­
ciples that the abolition of the city government as at
first organized because of some disregard of law, and
its reconstruction so as to include within its limits the
public improvements for which bonds had been issued
during the first organization, devolved upon the city
so reorganized the obligations that would have at-

S ept em ber 4, 1897.]

THE CHRONICLE.
......■

.I

11

tached to the original city if the State had continued
to acquiesce in the validity of its incorporation.
Justice Shiras, speaking for the Supreme Court,
puts the question in the above form, and says a similar
question was presented in Broughton vs. Pensacola
(93 U. S. 266). In that case it was held that although
a municipal corporation, so far as it is invested with
subordinate legislative powers for local purposes, is a
mere instrument of the State for the convenient ad­
ministration of government, yet its obligations are se­
cured by all the guaranties which protect the engage­
ments of private individuals. “ The inhibition of the
Constitution, which preserves against the interference
of a State the sacredness of contracts, applies to the lia­
bilities of municipal corporations created by its per­
mission; and although the repeal or modification of
the charter of a corporation of that kind is not within
the inhibition, yet it will not be admitted, where its
legislation is susceptible of another construction, that
the State has in this way sanctioned an evasion of or
escape from liabilities the creation of which it author­
ized. When, therefore, a new form is given to an old
municipal corporation, or such a corporation is reor­
ganized under a new charter, taking in its new organ­
ization the place of the old one, embracing substanti­
ally the same corporators and the same territory, it
will be presumed that the legislature intended a con­
tinued existence of the same corporation, although
different powers are presumed under the new charter
and different officers administer its affairs; and in the
abseuce of express provision for their payment other­
wise it will also be presumed in such case that the
legislature intended that the liabilities as well as the
right of property of the corporation in its old form
should accompany the corporation in its reorganiza­
tion.”
Justice Shiras refers too to the case of Mobile vs.
Watson (116 U. S. 2B9, 6 Sup. Ct. 398,) where it was
held that when a municipal corporation with fixed
boundaries is dissolved by law. and a new corporation
created by the legislature for the same general pur­
poses, but with new boundaries, embracing less terri­
tory, but containing substantially the same popula­
tion, the great mass of the taxable property, and the
corporate property of the old corporation which passes
without consideration and for the same uses, the
debts of the old corporation fall upon the new as its
legal successor ; and that powers of taxation to pay
them which it had at the time of their creation, and
which entered into the contracts, also survive, and pass
to the new corporation. Justice Shiras states further­
more that this view of the law has been accepted and
followed by the Supreme Court of the State of Texas,
citing particularly the decision in the case where the
Legislature repealed the charter of the city of Corpus
ChristL
The conclusion then is that the diamcorporation by
legal proceedings of the city of San Angelo did not
avoid legally subsisting contracts, and that upon the
re-incorporation of the same inhabitants and of a terri­
tory inclusive of the improvements made under such
contract-, the obligation of the old devolved upon
the new corporation. The doctrine successfully
invoked, says the opinion, in the Circuit Court
by the defendant, that where a municipal in­
corporation is wholly void ab initio, as being
created without warrant of law, it could create
no debts and could incur no liabilities, does not,
Justice Shiras declares, apply to the case of an

■ .!

.™ ™ - 1

111 1

3971

I

"" ■ ——
g—W

1 ^ .1 1

irregularly organized corporation, which had obtained,
by compliance with a general law authorizing the forma­
tion of municipal corporations, an organization valid
as against everybody except the State acting by direet
proceedings. Such an organization is merely void­
able, and if the State refrains from acting until after
debts are created, the obligations are not destroyed
by a dissolution of the corporation, but it will be pre­
sumed that the State intended that they should he
devolved upon the new corporation which succeeded
by operation of law to the property and improvements
of its predecessor.
It had been contended that, according to an Act of
the Texas Legislature passed in 1891, a vote of the
tax-paying voters in favor of assuming the debt was
necessary before the new corporation could be held for
it, and that the Texas Supreme Court had so decided.
If this, indeed, be so, argues Justice Shiras (though
he says it is difficult to reconcile such a view with the
views previously expressed by the Texas Court), then
it would follow that the Act referred to, so construed,
must be regarded as respects prior eases as an act im­
pairing the obligations of existing contracts. “I f the
law before the passage of the act of 1891 was that
by a voluntary re-incorporation and a taking over of
the property rights of the old corporation the existing
obligations devolved upon the new corporation, it
would plainly not be a legitimate exercise of legislative
power, as affecting such prior obligations, to substitute
an obligation contingent upon a vote of the tax-payers.
When the bonds in question were issued and became
the property of the plaintiff, he was entitled not merely
to the contract of payment expressed in the bonds, but
to the remedies implied by existing law.”
C learings by ! elf g r a p h —Sales of Stocks, Bon(l% & c.~
Stoi-fe Exchange Clearing-H ouse T ra n sa c tio n s—The su b ­
joined statem ent, covering the clearings for the cu rren t w eek,
usually appears on the first page of the CHRONICLE, but
on account of the length of the other tables is crowded out
once a month. The figures are received by telegraph from
the leading cities. It will be observed that as compared with
the corresponding week of 1896 there is an increase in the
aggregate of 38'9 per cent. So far as the individual cities are
concerned New York exhibit* a? excess of 52’7 per cent,
and the gains at oiher points are : Boston 28 4 per cent, P hil­
adelphia H H per ee> t. Chicago 8Y8 per cent, Baltimore 32’3
per cent. S*. Louis 37’7 per cent and New Orleans records a
loss of 14-7 per cet t.
Wt-ek Ending September 4.

C tx x a is o s.
H ftu rm by t& iyraph.

1897.

New York «**..***»#.* ..
Boston
P hiladelphia...... ......... .....
Baltim ore........
.........
OhloMto, . . . . . . . . . . . . ------ Bt, Louis ......................
New O rleans. . . . . . . ....

*801,9*0,283
78,002,391
68,3*2,073
14,824,040
87,068,488

Beven cities, 5 days ____
Other cities, 5 d ay s............
Total all cities, 5 days
Ul cities, 1 day .....
Total ail cities for week

1890.

P ir O m l.

*,304,553

$394,130,364
69,. 90,170
48,*88,872
11,055,952
05.087,296
17,768,040
5,044,805

+52-7
+28’4
-n e-4
+32-3
+33*8
+37-7
-14-7

*886,751,302
135,018,609

$601,131,305
113,892.461

+44*2
+18-5

*1,001,760,on
181,419,713

$716,023,766
130,480,412

+40*1
■+32*9

*1,183.189,821

$851,604,178

+38-9

24,470,508

Another table, our usual monthly detailed statem ent of
transactions on the various New York Exchanges, has also
•>een crowded off of the first page. The results for the eight
months of the en tren t year, are, however, given below and
fo purposes of comparison the figure- for the correspond­
ing period of 1896 ire also presented.
E h M Month*,
Omcription.

Par Value
or Quantit y

1897

Actual
Value.

jWight Months, 1890.
Avcr’ge P ar Value
Price. or Q uantity

Actual
Value.

A ver’ge
Price.

35.378.076 12172383172 66*0
ft
iloak S£P>- 9 442.888,01
m m w n o | 2709337285 66*2 | *8.290 5 W 3
*2«V*107> *160.741,843 71*8
*252,3 2 U 3 705
fittt. bond*.,
115*5
*21,505.760
9o*’t bonds *,4 O.rtdO *10 212.917 1211
*1,643,000 n & a n 64*1
*031*0 H 50*3
State bonds ' |L 121 OKi
*671,846 168*5
*395,800
*228.010
Bank stock#
§300,777 374*7
T o ta l.... §4487009050 *2.972969210 07*1 13,648,211' 5 $2,3655308)4 06*7
29,588,100 -1 102120070 *37*20
Cotton.bis. 10,914,900 «WU£4,A30 *85*36
719+50,20n I47O.O0+2O3 65^0.
<3raln,bnsh. 1,03+129917 *810 0 *4.742 78c.
*3+37863087
*4381128582
total value.

»HE

398

CHRONICLE.

The course of bank clearings at leading cities of the country
since January 1 in each of the last four years
subjoined statement.

f o r August and
ia shown in the

BANK CLEARINGS AT LEADING CITIES.
J a n u a r y 1 to A u g u s t 3 1 . —
1897. 1896. 1895. 1894. 1897. 1896. 1895. 1894.

,----- — ’A u g u s t . -------

( 000,000s
omiHed.)
New Y o rk ...
B oston..........
Chicago........
P h ilad elp h ia
8t. L o u is ___
P itts b u r g .. .
B a ltim o re ...
San F ra n ’co.
C in c in n a ti...
K an sas City
New O rleans
L onJsv ille...
M inneapolis.
C lev e la n d ...
D e tro it.........
Providence..
M ilw au k ee..
O m ah a.........
B uflalo.........
C olum bus...
8t. P a u l___
H a rtfo rd __
D e n v e r.........

$

$

$

*

$

*

*

*

2 ,3 1 7
381
366
273
93
61
55
57
49
45
28
24
26
27
32
22
19
15
18
13

10

1 ,9 7 1
308
319
225
88
55
50
54
41
37
29
20
24
23
27
17
16
16
17
12
16
8
8

8
11

1 ,8 7 2 1 9 , 9 1 9 1 9 , 8 5 1 1 9 , 0 3 2 1 5 . 6 6 4
3 1 6 3 , 2 5 7 2 .9 2 7 3 . 0 8 9 2 , 6 9 4
3 7 9 2 ,7 7 3 2 , 9 6 6 3 . 0 0 5 9 , 7 8 3
2 4 0 2 ,0 1 9 2 ,1 3 2 2 ,2 6 2 1 .9 5 0
735
764
817
90
868
430
480
514
534
49
447
457
504
478
55
427
441
441
57
456
427
436
396
107
53
310
3
3
6
324
42
342
271
284
249
295
23
2
11
190
210
27
210
176
,97
210
22
223
1
55
204
188
20
203
203
211 1 8 7
192
27
1
5
0
177
19
174
168
1 43
157
154
151
13
1
6
4
118
147
148
18
127
141
130
146
16
112
116
121
118
13
112
137
149
15
106
67
77
83
83
7
PI
84
91
83
11

T o ta l.........
O th er oitles..

4 ,6 3 5
211

3 ,3 8 1
182

3 ,9 5 7
182

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

T o ta l a ll...
O utside N.Y.

4 .8 4 6
1 ,9 0 9

3 ,5 6 3
1 ,5 9 2

4 ,1 3 9
1 ,8 2 2

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

2 ,9 3 7
382
391
259

no
67
71
70
46
45
24
26
30

20

29
19
19
19
17
15
15

8

17

The following compilation covers the clearings by months
since Jan uary 1.

fVoL. LXV.
GOLD COIN A N D BULLION.

1 8 9 7 —E x p o rts..........................................
Im p o rts ..........................................

J u ly .
7 mos. end. J u ly 31.
$5,460,119
$30,462,123
592,147
4,409,095

E xcess of e x p o r ts ..................................... $4,867,972
1896.
—E x p o rts .......
$11,908,141
Im p o rts ................
1,505,928

$26,053,028
$54,844,692
26,672,625

Exoees of e x p o r ts .................................... $10,402,213

$28,171,067

GOLD IN ORE.

1897.

—E x p o rts ...............................
Im p o rts..........................................

$2,750
345,843

$95,948
2,757,029

E xcess of im p o rts ..................................
1 8 9 6 .- E x p o rts ..........................................
Im p o rts ................

$343,093
$23,295
162,058

$2,661,081
$79,256
939,974

Exoess of Im p o rts ...............

$138,763

$860,718

SILVER COIN AND BULLION.

1 8 9 7 —E x p o rts ........................................... $4,704,974
Im p o rts .............................................
1,012,391

$32,599,874
5,432,901

E xcess of e x p o rts .....................................
1896.—E x p o rts ..........................................
Im p o rts..........................................

$3,692,583
$5,737,754
839,155

$27,166,973
$35,664,984
6,783,537

E xcess of e x p o rts ...........................ft . . .

$1,898,599

$23,881,447

SILV ER IN ORE.

1897.—E x p o rts ....... .................................
Im p o rts ..........................................

180
1,579,315

$259,330
12,206,365

Excebs of im p o rts .....................................
1896.—E x p o rts .........................................
Im p o rts..........................................

$1,579,135
$33,652
1,804,206

$11,947,035
$370,575
10,653,897

Excess of im p o rts ................... ........... .

$1,770,554

*10,283,322

MONTHLY C t EXRINGS.
C learings 0 u t s t i e N e iv Yorh.

C le a r in g , t o ta l A ll.

HSlottJCtargs^ffttitacrctalCugltsItl^croa

o n th .
1896.

1897.
J a n u a r y . ..
February
M arch .
1st quar.

P .C t.

1897.

P.

1896.
*
2,064,72e.58£
1,742,476,558
1,828,904,53c

- 7 -1
- 5 '6
+ o -i

12,410,760,120 12,8S7.772,668 —3 7 5,395,172,065

5,636,110,670

-1 3

4.302.196,476 - 4 * 4
4,240,261.974 —1 0
4,305,283.347) + 8 ”8

1.861,834.318
1.858,304,236
1,906.215,893

1,908,741,151
1,900,170.181 - 2 2
1,890.899,608 -fO‘8

2d q u a r ... 1 2 ,7 5 2 /2 5 ,2 2 0 12.847,741,797) -0*7

5,626,354,44?

5,699.810,940

A p r il...........
M ay...........
J u n e ...........

4,111,001,077
4,173,461.542
4,467,762,601

6 m on th ?. 25,169,585,340 25,735,514,465
J u l y ...........
A d j u s t ....

4.812,239,419
4,846.247.004

-1 3

-2*2 11.021,520,512 11,335,921,01“ - 2 8

4.376,999,444 + 1 0 0
8,562,582,134 4-36 0

1 ,9 7 8 ,8 2 0 /2 3
1,909,390.044

1,896,609,7 5» +4*3
1,591,420,030 + 2 0 0

Tne volume of transactions in share properties on the N“ w
York Stock Exchange each month since Jauuary 1 this year
and last year is indicated in the following:
SALES OF STOCKS AT TUB NEW YORK STOCK EXCHANGE.
1897.
M onth.

N um ber
o f Shares.

3,865,412
Jan
2,803,401
F eb .
M a r c h . 6,039,910

P ar.
f
328.774.750
266,430,100
485.428.750

1st qr 11,208,729 1.075,633.600
A p ril... 3,569,007
3,342.035
M ay. .
J u n e . . . 6,436,920

1896.

V alues.

335,716,860
324,135,850
017,615,100

2d qr. 13,347,968 1,277,407,300

A c tu a l.

?
103,587,4 72 4,638,012
171,004.654 5,203,008
325,254,506 4,580,579
705,446,63

Values.

N um ber
o f Shares.

P ar.

A c tu a l.

1
417,301,550
492,613.700
386,926,000

14,325,289 1.296,841,250

229,070,82 V 4.058.013
2 2 7 /3 7 ,8 2 9 2.799.013
432,502,25- 4,370, <65

372.055.175
203,7' 2,533
417,371,550

888,610,411 11,228,992 1,053,129,25;*

1
250.445.609
306,289, la s
259,465 067
809,200,471
256,309.075
188,033,302
295,680,013
740,082,39

0 m o s .. 24,556,697 2,353,100,900 1,594,063,045 25,554,281 2,349,970,508 1,549,282,8' 1
J u ly ...
6,896,074 058,123,800
A u g u st 11.486.248 1,085,902,050

458,958,385
050.815,855

5,556.981
4.207,813

527,591,250
412,967,675

354,381,2*2
208,710,029

IMPORTS AND EXPO RTS FOR JULY.
T h e B u r e a u o f S t a 'i s t i c s h a s is s u e d a d e t a i l e d s t a te m e n t o f
t h e f o r e ig n c o m m e r c e o f t h e c o u n t r y f o r t h e m o n th of
J u l y , 1897 a n d 1896, a n d f o r t h e s e v e n m o n th s e n d in g
J u l y 31 in 1897 a n d 1896, a s f o llo w s :
MERCHANDISE.
J u ly .
1,179,848

7 mos. end. Ju ly 31.
$550,244,596
10,930,051

T o ta l......... .....................
Im p o rts—F ree of d u ty .. ......... $29,318,485
D u tiab le.......... ......... 24,370,001

$561,174 647
$259,"48.718
247,246,184

F o re ig n ............ .........

T o t a l .............................. .........$53,688,489
E x cess of e x p o rts ..........................
1896.—E x p o rts—D om estic...... ..
F o reig n............
T o ta l............................... ......... *67.717,789
Im p o rts—F ree of d u ty .. .........*22,674.353
D u tia b le ........... ......... 29,434,199

[F rom o u r ow n co rre sp o n d en t.]
L o n d o n . S a t u r d a y , August 21, 1897.

%
$
4,627,143.291 - 2 ‘0 1,917,607,391
4,115,408,188;-10*8 1,046,345,618
4,146,161,189 4-1 7 1,831,159,056

S
4,507,014,723,091,475,797
4,218,269,00"

$506,494,902
$54,679. 45
$500,527,005
11,802,761
$512,329,786
$193,618,800
228,145,319

T o ta l............................... .........*52,108,552

$421,764,109

E x cess of e x p o rts......................... .........*15,609,237

$90,565,677

The week has again been disturbed by political appreh en ­
sions. It had been agreed by th e Powers and accepted by
Turkey th a t th e inhabited portion of Thessaly is to be
handed back to Greece, and it was also arran g ed th a t Greece
is to pay an indem nity to Turkey. B ut T urkey proposes
th a t she should continue to occupy Thessaly u n til th e in ­
dem nity is paid, ev acuating ce rtain portions of it on receipt
of each in stalm en t. Five of th e Powers are w illing to agree
to this, b ut our G overnm ent refuses on th e ground th a t
Greece is unable to raise th e money, an d th a t therefore th e
Turkish proposal would v irtu ally am o u n t to a cession of
Thessaly to th e Sultan. The other Powers are g reatly dis­
pleased a t the action of Lord Salisbury, b ut up to th e pres­
ent, a t all events, he rem ains firm.
Many people are inclined to connect th e indignation felt
by th e S ultan a t th is action of Lord Salisbury w ith th e ris­
ing of the tribes along th e north w estern border of India.
The tribes are fan atical Mohammedans, and it is ce rtain
th a t a holy w ar has been preached by some M ollahs.
W h eth er these have been incited by the S ultan is entirely
unknow n, b ut all over the C ontinent it is assum ed th a t
such is th e case. For a while th ere has also been a suspic­
ion th a t th e Am eer of A fghanistan encouraged th e trib es,
b u t he has issued orders forbidding an y of his su b jects to
join the insurgents, an 1 he has sent stro n g p rotestations of
friendship to th e In d ian G overnm ent. As a m a tte r of fact,
it is in the highest degree im probable th a t th e Ameer has
an y thing to do w ith the insurrection. He owes his th ro n e
to th e British Governm ent, and w h at is still more, th e B rit­
ish G overnm ent has pledged itself to m a in ta in him on th e
throne an d allows him a very handsom e pension, while it
does not in terfere w ith the m anagem ent of his in te rn al a f­
fairs. Therefore he has apparently no object to q u arrel
w ith India, while if he were to do so he would ru n ex ceed­
ingly g reat risks.
The insurrection of the tribes is rapidly spreading, an d th e
Indian Governm ent is ta k in g active m easures to m eet th e
difficulty. The troops are actin g splendidly, th e m obiliza­
tion plan is working smoothly, and th ere seems no reason to
doubt th a t peace will be quickly restored; b u t un d o u b ted ly
the effect upon the finances of India will be very bad.
Owing to th e fam ine the revenue is m uch less th a n u sual,
while the expenditure on relief works has been very large.
The earthquake has also cost m uch, as the G overnm ent has
had to repair bridges and re-lay m any railw ay lines. A nd
now the m ilitary operations will involve a large outlay I t
is quite evident, therefore, th a t there will be a serious deficit
a t th e end of th e financial year.
A rm enian outrages are again reported from C o n stan tin o ­
ple, and fresh massacres are greatly apprehended. Not

SEPTKMBfcB 4, 1SV»7. j

THE CHRONICLE

399

180?
1890.
1895.
1894.
much importance is attached to the bomb explosion in Paris
Aug. 19.
Aug. 18.
Aug. 21.
AU|.22.
a
£
on the day President Faure set out for Russia. The general Olrouiainon . ...................... 27,898,4'X) 27,335,085
20,457,030 25,455,050
belief is that it was the act of a madman, or, at all ©rents, Public deposits ................ .— 7.757,911 7,136.202 7,113,531 5,940,724
88.807.238 55,101,019 44,734,131 3S 649,918
of some person who wishes to keep apprehension alive with­ O ther deposits ................ . ........ 13.22
WO
S ev ern m e a t securities,.....» ....
11,956,995 14,795,425 12.145,082
out doing serious damage.
Other se curities ........... ............ 23.480,93 6 28,738,953 24,341.033 19,612,847
As a matter of course business on account of all these Reserve of n otes and c o in .. . . . . 24.985.308 30,939,*60 39,704,711 30.942.362
47,474.951 40,421.741 39,597,413
untoward circumstances is very slack, every one being un­ C oin* bullion, both departm ’ts 38.053.70S
58 7-1^
58 15-13
Prop, reserv e to liab ilitie s., p. a
59 3-18
89M
willing to incur new risks while the political horizon is so Bank r a te .............. .per cent.
2
2
2
2
113 15-16
107 9-16
mw
102 1-16
obscure. And the unwillingness is increased by the delay Consols. 2H per cent
Silver
so«a. 29 13-160.*
*<m .
3 « tof the Transvaal Yolksraad to act upon the recommenda­ CRe&rtnjr-House
171,72 ‘,000 155.387,000 152,166.090 109,378,000
r e tu r n s .
tions of the Industrial Commission. Those best in a posi­ •A u g u s t 23,
tion to form an opinion think that very important concessions
The rates for money have been as follows ;
will be made, but the genera! public is impatient at the de­
Interest allowed
lay that has taken place.
Opm Market Haiti.
The news from Australia is much better than for a long
Sank m te.
Trade Billie
DUc't H’se
time past. Rain continues to fall and the temperature con­
Three Four Six
Three Four
Six
Stock At 7 t o u
tinues high. Therefore vegetation is proceeding apace and
Month* Month* Month* Months Months Months Banks. Call. Dave.
the wheat sown is well over the ground. Of course it is
13-10
25-19
•lair
aa
X H
1&1U iM®l% i m m
X
•
too early yet to form any estimate as to the probable yield, - so
13-16 15-10# 1
1
1%
t% ® !«
X X
X
but at all events it is satisfactory to find that there will be Aug. (1
1
IS*
H
IX W
X H
m
X
13 *
1H 2 ®3M IN 2 @2M iX&SM X
IH
X H
some kind of a crop. From Argentina also it is reported
f
2
20
1 « 2M»*K
X
X M
2:h
that the cold weather has killed large numbers of locusts.
• IM»1 3-18.
+ t to-iSWl*.
But here again it is too early to form any opinion. In Uru­
u- Bank rate of discount and open market rates at the
guay there is no appearance of a settlement between the in
oiief Continental cities have been as follows:
surgents and the Government.
There js a very general opinion in the money market that
20
Aug. 13.
Aug. 6.
July 30.
large amounts of gold will be withdrawn from the Bank of
Hate* of
Interest at
Bank Open Bank : Open a m * Open Ban* Open
England during the next three or four months. In the fall
Bate Market Bate. Market Rate. Market Rats. Market
of the year a considerable amount lias always to be sent to
2
2
«
2
......
IX
titt
m
Egypt, South America and other places, but as that recurs
8
3
■m
3
3
...
2X
m
m
annually it should cause no disturbance. It is feared, how­ lerlln
9
3
larabnrg’
3
8
m
IX
2%
25*
2
ever. th a t Russia and Austria-Hungary may take considers" erm akfort
%
S
3
3
iX
2%
m
%
I m s te r d a is .. .
i%
3
2
S
8
2M
m
bl *sums. Though they have taken the metal all through SroM
4
3
ei*....
2
S
2
8
2
%
the year they are hardly likely to continue doing so if there V’le a n a . ...
*
m
4
3 7-14
4
4
sx
3M
0
a
fi
is any danger of disturbing the London money market. si, P*ter«&nrir. «
IX
*x
IX
»
A
a d rld . ...
6
5
s
»
4
4
6
4
With regard to the United States it is argued that the wheat ’ooenbiMiee... I
4
4
4
•i
5
5
*
crop will be so large and the demand for Europe on such a
Messrs. Pixlev & Abell write as follows under date of
scale that New York will be in a position to take much gold
if it pleases. You arc in a better position to judge than any Aug. 19:
Gold - With higher 1onfinmital exchanges the demand fo r sold h as
one in London can be, but the best opinion here is that there not
(wen «o eager, and tin- prion dropped %d„ but there is now a h o tte r
Inquiry aw l India ha? taken n arse portion of the arrivals, The B an k
is so much gold in the Treasury and in the banks that no of
England has received £53,000 on balance during the week. Ar­
I
addition is required; that furthermore the money to move rivals: Bombay, £ t6,000t West Indies. £31.775: South Africa, *238,r
■130: total, t.316.214 Shipments: Calcutta, *1-1,030; Bombay, C31,the crops can be provided without making rates excessively |j 500:
total, *48 530.
heavy, and that therefore there will be no inclination to Stiver—From 25kd. last week, there has been a continuous lall ia
stiver, owing to pressure of sale* <mNew York account; and last night,
take such amounts as would cause a sharp rise in rates in at 2-I1I., showed a drop of , per cent In the week. India Inis bought
1 very moderately, ami the price there hie fallen to 02% rupees. To day
London.
I there Is a slightly better lectins, America refusing.to sell at 24 1-163,,
However that may be, it seatus certain that Japan will the lived price. Arrivals; Wc-t Indies. >. 15.750; Saw York, £186,3#;
total, *232,050, Shipm entCalcutta. ■12 ,500 ; Bombay, *190,000;
take a considerable sum. Within the next three months total.
*218.500.
Me yu an Dollars—These coni have been dealt in during the week at
the banks that brought out the recent Japanese loan will 1 prices
ruling about %d. under f ile price of silver. Arrival-: Hew York,
have to pay into the Bank of England to the credit of the j *1,000. Shipments: Straits, £38,350: Hong Kong. £22,434; total,
Japanese Government four millions sterling. A portion of j
the sum is needed of course to pay for ship*, munitions of i The quotations for bullion are reported as follows:
war and the like, but It is understood that a considerable *
Go l d ,
Aug. !
Au<j.
SlbVEB.
19.
Al f
London Standard.
10.
amount will 1«> sent out in gold for the purpose of carrying : oiufon Standard.
through the monetary reform. The general opinion, upon j
t. d. ». d.
d.
d.
gola, Une....oz. 77 11.
77 11% Bar stiver, flne.,.oz. 2-ihs 253.
the who!) therefore, is that the Bank of England rate will t'.ar
•far gold, parting.oz. 7 7 u%: 78 0 Bar silver, oontaln’g
4banish, e ld ___..oz 76 0% 76 0% do 3 gra. gold.oz,
20%
gradually lie raised to 3 or perhaps 4 per cent.
'tow.. ... . ... o*. '.6 1% 6 1% do 4 grs. gold.oz, SB? 20',«
The continue ! fall in silver is puzzling everybody here, j U .8. gold eotn ..,o 2. 76 5% 7
76 5% do 3 grs. gold.oz,
257e
’ n gold eoln.0 2 , 76 3% 76 3%Cake silver ___oz, 1f i l l 27%
Nobody quite understands why the metal should be forced 't-riu
Vreach gold ootn.oz, 76 3* 76 at, Mexican doHars.oz. 23% 25%
upon the market at such a time, especially as India, China,
Japan, the Straits Settlements and Cochin China are hold­ The following shows the imports of cereal produce into
ing off. Every out- engaged in trade with these distant ; the United Kingdom during the first fifty-one weeks of
countries argues that it would be unwise to buy in a falling the season compared with previous seasons:
TMPOBTS.
market. They are waiting, therefore, until they see some
1890-7.
1895-6.
1894-5.
1893-4.
cessation of the American sales. Then, no doubt, there •nportsofwheat,ewt.«2,A37,7SO 66,498,210 75,529,916 05,087,648
l.tiey..........................2
0
,8
8
0
,5
0
0
21
.1
7
1
,3
4
3
2
1
,7
8
0
,5
1
1
30,311,”8
9
will be a considerable recovery, but if the American sales ■ato ...........................17.621,980 13,891.580 15,”35.117 13,771,158
-no*.............................
9
,2
36
,8
95
2,4
4
4
,4
6
0
2
,2
42
,7
19
2
,2
4
7
,9
9
3
begin again there will be another fall. Meanwhile the Im­
-and............................ 2.700,530 3,064,482 4,203,2 2 5,122,818
mense expenditure of the Indian Government on famine Indian
corn..................56,241,760 41.781,590 25,517,624 36,510.510
relief and war makes it Impossible for the India Council to Uonr ......................19,295,010 19,200,050 18,441,330 18,529,229
sell the usual amount of Council drafts, and therefore the
Supplies available for consumption (exclusive of stocks on
value of the rupee is being artificially forced up. On Wed­ boptember 11:
nesday the Council offered for tender 20 lacs, and disposed j
1896-7.
1895-0.
1894-5.
1893-4.
of the whole amount at an average price of is. J 0-10d. per vheat Imported, ewt.02.5 17,750 66.49S.210 75,529,946 65,087,648
sports Ilf flour.......1-.295.6 ’0 19,200.050 18,441,33” IS.529,229
rupee. Nest week it reduces it? drawings to 13 lacs, and i'alec
of home-grown.24,425,136 14.804,665 20,521,665 20,003,417
there w a b ar that if may have to cease s e l l i n g altogether.
Total...................106,258,506 100,508,925 114,492,911 103,685,294
■■■»* • Hull «ay .te n " o< L tnd .to reports toe truth a receipt®
f- r the week e ding A m . 13 of 33 rail wavs of the United
1896-7.
1895-6.
1894-5.
1893-4.

R |« g tom w h ir-i m ak e W eekly r e tu r n s a t £1,879,328, a g a in st
£ 1 835 391 in th e c o r r e e p railing w eek of last y e a r, an in crease
of £23,737. F ir th e seven w eeks o f th e c u r re n t h a lf - m a r re ­
ts-io te w ere £ - 8 108,216, a n in c re a se of £380,354.

The following return shows the position of the Bank of
England, the Bank rate of discount, the price of consols,
Ac., compared with the last three years :

vver.pttoe wheat,wcek,29s. 8d.
tverage price, season.,28s. 8d.

22s. lid.
24s. lid

24a. 3d.
21s. 2d.

24s. 4d.
25s. 5d,

The following shows the quantities of wheat, flour and
naize afloat to the United Kingdom :
T h is w eek

Wheat............. a m ... 790,”00
Flour, equaltours . 230.000
Maize .............q r e ... 710 000

L a s t w eek.

665,000
215.000
040 000

189(1
1,350.000
249,000
1,010 000

1895.
2,674.000
157,000
7C7.000

THE CHRONICLE.

400

[Vol. LXV,

The following table shows the exports and imports of specie
K h r I I i Ii P l n a u c l H l R a r R e t n — P e r C a b l e .
a t the port of N e w York for the week end) ig Aug. 28 and
The daily dosing quotations for securities, &o.. at London since January 1, 1897. a u d for the corresponding periods in
are reported by oable as follows for the week ending Sept. 3:
1896 and 1895:
L ondon.

Mon.

Bat

24
24 >a
U 2 i,a 1126 „
112% 1126,
104-60 101-60
16%
34%
74%
75%
27
25%
98%
97°a
48%
18%
18*4
43
43%
109ia 109%
180% 180%
fSDa
Louisville
N ashville. 63 14
67%
Mexican Central, 4s .. 67
15%
16
Mo. Kan. & Te x., com..
N. Y . Cent’l & Hudson 1 1 2 % 1 12
18%
N. Y . Ontario & Weat'n 18*3
N orfolk & Weat’n, pref. 335a
396s
52%
No. Fac. oref., fcr. recta. 52
57
Pennsylvania . . . . ----57=8
14 %
Fhila. & Read., per eh.. 13%
11%
Bonth’n Railw ay, com.
11%
37%
3 '%
Preferred...................
17%
18
Union Paotflo...............
21%
Wabash, preferred___ 20*6

Silver, per ounce.......d.
Oonsols., new, 23* p.otB.
F o r aooonnt...............
F r’ch rentes (In Parle) fr.
Atoh. Top. <k Santa Fe
Do
do
pref.
Canadian Pacific..........
Chesapeake & Olilo......
Ohio. Mllw. * St, Paul
D env. & Rio G r., pref.
Erie, com m on...............
le t p referred............

© c n m u e tc ta la iid

24
U 26,„
1125,,
104-40
16:%
34%
74%
27%
97 %
48%
17%
42%
109
180%
63%
6 •%
16

F ri.

T hurt.

Wed.

Tues.

23%
112%
1123s
1« 4 45
16%
34%
73%
27%
97%
49%
17%
42
108%
181
63%
67%
16
in% 111%
18%
18%
39%
39%
51%
51%
58
58
14
14
u%
11 =8
37%
37
IS ‘%
17%
223s
22

24
23%
1111)8 1 U »,S
111»,B 1 ' %
104-20 0417%
16
15%
34 %
73%
7414
27%
27%
99%
97%
487e
17%
18
44%
42%
108% 109
181
63%
63%
67
67%
15%
16%
111% 113
183s
18%
39%
51»8
51%
58%
58
13%
14)3
11 Sl
11%
37%
37
18%
18%
22%
22%

A ^ U a c c lla u c o iis IJ -e u is

EXPORTS ASD IMPORTS OP SPECIE AT NEW YORK.

Exports
Gold,

Im ports

Since J a n . 1.

Week.

$979,660
15,477,473
11,780,000
472.477
2,030
170.237
' 3,170
750,200

G re a t B rita in ..........
G e rm a n y .................
W est I n d ie s .............
Mexico ..................
S outh A m erica.......
All o th er co u n tries.

$3,170 $29,632,077
............ 50.933.942
4.672,500 52,967,815
E xports.

T otal 1^97.........
T o ta l 1896.........
T otal 1895.........
Silver.

Week.

Since J a n . 1.

Week.

$112,689

G e r m a n y .................
W est In d ies..............
M e x ic o .....................
S outh A m erica.......
All o th er co u n tries.
T otal 1897.........
T otal 1 8 9 6 .........
T o ta l 1 8 9 5 .......

$943,715 $31,244,468
1,093,900 34,757,236
950,199 24,802,831

10
2,926,277
96.0 0
631,421
173,815

$726,978
1,346
53,648
400

$782,372 $3,940,292
2,351,928 21,41 ,435
180,166 22.921,206
Im ports.
Week.

$922,242 $30,158,173 •
638,000
5,750
21,473 _ 284,354
*
500
155,333
2,358

G reat B rita in ...........

Since J a n . 1*

Since Ja n . 1.
$52,095
1,443
2,321
220,802
923,894
671.445
31,433

.........
$856
19,799
89,217
$109,872
21,543
11,995

$1,903,433
l ,f 89,639
1,286,685

Of the above imports for the week in 1897 $21,486 were
G o v e r n m e n t R e v e n u e a nd E x p e n d it u r e s . —Through the American gold ooin and $41 American silver coin. Of the
courtesy of the Secretary of the Treasury, we are enabled to exports during the same time $3,170 were American gold
place before our readers to-day the details of Government coin.
receipts and disbursements for the month of August. From
City Railroad Securities.—Brokers’ Quotations.
previous returns we obtain the figures for previous months
and in that manner complete the statement for the eight
Bid. Ask.
Bid. A sk.
months of the calendar years 1897 and 1896.
BEOEIFT8 (0008 O m itted ).
1896.

1897.

Ilk.
Cut- Inter'! iV.
Red'p. Misc’i Total.
tom*. Rev'ut Fund. Frees
f
t
S
$
*
11.091
11.587
March. 22.8*4
A pril... 24,5<8
M a r.... 16,88?
Ju n e .
21,560
July... 16,967
6,988
A m t...

J a n ....
F eb

10.625
10.H88
1L926
11.P20
10,673
12,8>-7
19,74 8
11,193

3.006
3,201
1.748
1,242
2,202
1.323
771
1,395

2.719
2.150
1.458
1.960
2.239
2.137
2,350
813

27,441
27,826
37.966
39,260
31.999
37.907
39.85«
20.419

Cut- Inter ’ N.Bk.
Red'p. Misc’i Total.
tom*. Rev’ut Fund. Frees
$
9
9
t
9
17.375
13,906
13,344
11,266
10.950
11,352
12.157
12,3 jO

11.176
433 2,391 31,375
10.807
992 1,346 27.051
11,636
341 1.161 26,382
11.202
178 2,083 24.729
235 2,144 24,879
11,560
13,?52 1,314 3.090 29,108
14,303
370 2,569 29,399
11,9?1
23 1,271 25,585

8 mos. 132,450 99.4 *-0 14,88* 15.856 262.674 102,680 95,887 3.886 16,055 218.508
IHHRURSBMKNTS (0 0 0 8 O m itted .)

1897.

1896.

J a n ......
Feb ....
March..
A pril...
M ay....
J u n e ...
Ju ly ...
A m i...

»
12.964
12.630
14.589
16,707
13,642
12,751
29.4^2
16.869

9
10,542
13,208
12,167
10,704
12.304
10,089
14,958
13,793

9
6,765
2,958
457
5.602
3,074
145
0.680
2,928

9
885
1,108
1,176
9>4
1,733
1.321
J.001
962

9
31,156
29.904
28,380
32,987
80.813
24.250
61.191
34,550

Ordi­ Pen­
nary. sions.
t
9
15.423
12.1C4
14.892
13,780
12,803
13,687
22,277
20.368

9,907
12,317
11,710
10,078
12,834
11.300
18.101
12,396

e 3
*5 J6

Ordi­ Pen­ In­ N.Bk.
Red'-p. Total.
nary. sions. terest Fund

9
6.985
2,268
672
5,141
2,82
458
0,7 U
2,938

N.Bk.
Red'p. Total
Fund.
t
1,119
1,103
912
684
1,116
1,110
783
482

1
33,494
27,852
28,186
29,683
29,542
26,664
42 871
30 184

£8 m m . 127.634 9 7.665 28.687 9.193 203.270 125.394 93.673 27.932 7,317 254,37u

A tlan . Ave., B’k lyn—
Con.5s. g., 1931 ..A & O
Im p t. 5s. g., 1934. J & J
B l’eck. 8 t.& F a l F .—Stk.
ls tm o r t.,7 8 ,1900.J & J
B ’way&7fch Ave.—Stock
ls tm o rt.,5 s , 1904. J& D
2d mort., 5s, 1914.J & J
B ’way lst,5 -,g a a r.l9 2 4
2d 5a. Infc. as r e n t’1.1905
Consol. 5s, 1943...J & J
M et. St.R y. gen. 5a, ’95
B rooklyn City—S to c k ...
Consol. 5s, 1941.. J & J
B klyn.C rosst’n 5s.l908
B k rn Q ’na C o.& S ub.lst
B k l'n C.& N e w t’w n—Sok
5s, 1939.................
B rooklyn B apid T ra n s it.
5s, 1945.................A&O
C e ntra' C rosstow n—S tk .
1st M .,6«, 1 9 2 2 ..M&N
Cen. P k.N .& E .itiv .—S tk
Consol. 7s, 1 9 0 2 ...J& D
C olum bus & 9 th A ve. 59.
C h rist’p’r& lo th St.—S tk
1st m ort., 1898...A & O

D. D. E. B. & B a t’y—Stk. 150
1st, gold, 5s, 1932. .J & J 115
§101
S c r ip ..........................
E ig h th A ven u e—S to c k .. 320
100
Scrip, 6s, 1914............
42d & Gr. Ht. F e .—Stock 320
42d St. Man. & St. N. Av. 37%
1st m ort. Hs, 1910.M&S §116
69
2d m ort. incom e 6 s. J & J
K ings Co. T ra c .—S to c k .. 46
Lex. A ve.& P a v .F e rry 5s 117
M etropolitan T ract!' n . . . 123%
98
194
N assau E lec, 5s, 1 9 4 4 ...
N. Y. it Q ueens Co. 5s, 194 6
116
S teinw ay 1st, 6s.’22 J & J 113
108
103% N in th A venue—S to c k ... 160
Second A venue—S tock,. 120
1st m o rt.,5 s,1909.M & N 108%
116
32%
D ebenture5s,1909.J & J 102
89
S ixth A v en u e—S tock---- 190
T h ird A venue—S tock . . . 152
122
1st m ort..5s, 1937..J& J 122
179
T w enty-T hird S t.—Stock 300
Deb. 5s, 1903................... 103
117
103
117% Union R y —S tock .........
160
1at 58, i 942.
---- §107
104
W estc h e st’r, 1st, gu. ,5s §100

104
80
32
108
207
110
111
118
108
121

§103
77
30
5106
203
106
§109
§117
§104
120
1.93
114
106
1' 2
160
113
32
88
198
§118
173
118
117
155
102

160
117
102%
325
105
340
40
118
70
48
117%
124
99
110
170
130
110
105
195
154
123

§ Aud adeemed interest.
ftas Securities —Brokers’ Quotations
Bid. A sk.

GAS C O M P A N IE S .

B ’klyn U nion Gas—Stock. 121
113%
205
C onsum ers’ (Je rse y C itv). 74
B onds ..... ............ .......... 101%
J e rs e y City & H o b o k en ... 185
105
M u tu a l (N. Y.) .............. 285
N . Y. & E ast K iv. 1st 5s.. 113
119
95
105%
Consol. 6 s.....................

B d. A sk

GAS C O M P A N IE S .

People’s (Je rse y C ity; — 160
103
F n ito n M unicipal 6 s ---- 105
85
E q u ita b le ........................... 288
102%
Bonds. 6s, 1899 .............. 103
195
s t. P a u l ................................. 52
79
295
S tan card p r e f ...................... 150
114
Common............................ 144
121
87
102%
96
106%

122

170
292
105
54
82
157
150
88
103%

I m po r ts a n d E x p o r t s f o r t h e W e e k .—The following are
Auction Sales.—Amone; o t h e r s-curi ies t*ie f o llo w in g , not
the imports at New York for the week ending for dry goods regularly dealt in at the Boird, were recently sill a, auction:
Aug. 26 and for the week ending for general merchandise
By Messrs. Adrian H. Muller & Son :
Aug.27; also totals since the beginning of the first week in
January.
Shares.
I
Shares.
FOREION IMPORTS AT NEW TORK.

For week.
D ry g o ons.......
G en'I m er’dlse

1897.
$1,044,337
5,917,327

1896.
$2,216,370
5,404,674

1895.

1894.

$2,958,301
6,445,811

$2,021,947
5,685,479

$7,621,044
$6,961,6 6 t
T o t a l .........
$9,404,112
Since Ja n . 1
D ry goods. ... $91,005,373 $77,689,477 $98,263,064
O en’l m erM ise 25H.418.917 225,536,177 243,608,149

$55,356,673
229,018,377

$7,707,426

25 Eagle F ire On................ „ 2 4 8 %
8 N at’l City B’k of B’k ly n .3 5 0
14 N ational B ank of Comineroe... ......... .. 204%-205
2 Meriden N at’l B ank of
Meriden, Conn............... 120
g a tia ittg

1897.
F o r th e w eek .. $7,078,527
P re v . rep o rted 262,522,163

1896.

1895.

1894.

$7,616,63G
241.156,597

$5,499,542
213,614,819

$6,412,153
235,242,891

T o tal 34 weeks $269,600,690 $248,773,236 $219,114,361 $241,655,044

a n d

H fi i a u c i a t

Spencer Trask & Co.,

T o tal 34 weeks $346,424,200 $303,225,654 $341,271,213 $284,375,050
T h e i m p o r t s o f d r y g o o d s f o r o n e w e e k l a t e r w ill b e fo u n d
In o u r r e p o r t o f t h e d r y g o o d s t r a d e .
T h e f o llo w in g is a s t a ie m e n c o f th e e x p o r ts ( e x c lu s iv e o f
sp e c ie ) f r o m th e p o r t o ' N s w Y o r k to f o r e ig n p o r ts fo r th e
w e e k e n d in g A u g . 3 ) a n d f r o m J a n u a r y 1 to d a t e :
EXPORTS FROM NEW YORK FOR THE WEEK.

I 46 M echanics’ N at’l B a n k .. 194
I
B onds.
$10,017 12 V irginia d eferred
I c e r tiflc a 'e s ...............
....... 4
|$ 9 ,O 0 0 U u in n Elev. R ailw ay
| (B’klyn). 2d incomes.......... 187s

B A N K E R S
2 7 Sc 2 9 P I N E S T R E E T ,
.
.
.
65 State Street, A lb a n y.

NEW VOHK.

INVESTM ENT SECURITIES.
Q e o b o e B arclay M o ffa t .

M

o

f

f

a

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

&

W

B A N K ER S,
N o. 1 NASSAU S T R E E T ,
.
.
.

IN V E S T M E N T

h

i

t

e

,

NEW TO R K .

S E C U R IT IE S .

S k u l k e r s '

( 5 u ^ e ttc .

D H I B E S 0 S,
P er

S a m e o j Company.

401

THE CHRONICLE.

SEFTtHBRR4, 1897.J

| When

Cent. |Payable.

B ooks Hosed.
(B a ys inclusive.)

The following w ere th e rates of domestic exchange on
New York a t th e under-m entioned cities to-day: Savannah,
buying 1-16 discount, selling p ar: Charleston, buying
par. selling
prem ium ; New Orleans, bank, §1 00 prem ium ,
com mercial. 75c. discount: Chicago, 60c. per $1,000 dis­
count; St. Louis, »5c.@$l 00 per $1,000 premium.

United States Bonds.—G overnm ent bonds firm. Sales at
the Board include $11,500 4s, coup., 1895, a t 125% to 126
Sept. 30:Sept. 5 to Sept. 30 $80,' 00 4s, reg., 1925, a t 126ig; $3,000 4s, coup., 1907, a t 11314
Oct.
1 -----t o ------------- eg.
| to U8M, and $112,000 5s, coup.,
Sept.1 Aug. 24 to Aug. 31
Sept. 15------— to — — a t 113Jk to 114. The following are th e closing quotations:
Sept. 15*— ---- t o -------Interest Aug. Aug. A ug. Sept.
Sept.
Sept.15 Sept. 11 to Sept. 15
31.
Periods. 28.
30.
Sept.30 Sept. 17 to Sept. 19
Oct.1 Sept.
15 to Oct. 19
Oct.1 Sept
12 to Sept. 19 2s..................... reg. Q - Meli. * 97% * 97% 97% * 97% 97% ’ 97%
4s, 1907.......... reg. Q.- Jan. *112% *112% 'x llS j - 111 % 111 % 112%
4s, 1907.........coup. Q.-Jan *112% ■112% 112 % *112 % 113% - 1 1 2 %
to
Sept. 15.Sept. 11 to Sept. 15 4s, 1925.........reg. 3 .-Feb. *125% ■1255s 125% 126% *125% *125%
4s, 1925.........ooup. Q.-Feb. ‘125% 125% 125% 125% *125% 126
5s, 1904.......... reg. Q.-Feti. *113% ■113% 113% 113% *113% 113%
W A L L STR E E T. F R ID A Y . SEPT. 3. 1S97-5 P. M.
5s, 1904.........coup. Q.-Feb. *113% ■113% '113% 113% 113% 114
A J. *102 ‘102 *102 *102 *102 *102
The Money X rket and Financial Situation.—There has 6s, cur*cy,’98...reg. J.
6s,
*99.. .reg, J. A J. *105 *105 *105 105 *105 *105
been evidence daring the week in Wall Street that investors 4s. enr’oy,
(Cher. 11898.reg. Mar*h. *102% *102% *102% '102% * 102% 102%
and the public who are interested in Stock Exchange trans­ 4s, (Cher.) 1899.reg. March. *102% *102% *102%,*102% 102 % *102%

R a ilro ad s (Steam .)
2
Boston & Albany kiuar.)..........
Concord & Monti,all elaasostqr.) 1 %
Pittsburg Junction com............. 73c.
Portland ,v Bnntford Fallstquar.)> 1
West Jersey & Seashore com...... 2%
S tre e t R a i l w a y s .
Buffalo By. (quar.).................... 1
Chicago City iqttar.).................. 3
North Shore Traction pret......... 3
West End Street com (Boston) -. 4
m » r,lIa n e o it» .
Calumet s Heela Mining.......... $10
Spirits Distributing 1st pg.(<niar.) 1 %

actions believe that the business of the country has only beg in to improve and that the autumn now at hand will be
marked by unusual developments. The volume of business
has been large, and notwithstanding the fact that sales of
stocks for European account have continued without inter­
ruption, that sales to realize the profits already accrued have
been considerable, and that there iiave been strenuous ef­
forts by the bears to bring about a reaction, ail offerings
have found ready buyers at advancing prices. Large trans­
actions in railway bonds have taken place both at the Board
and at private sale and Government issues are substantially
higher than last week.
There have been no new developments, only a continuance
of the favorable features previously mentioned in this col­
umn. The spring-wheat crop is now practically secured,
the foreign demand for which is still urgent, and prices have
this week advanced. Com fa fast approaching the condition
in which it will be safe from frost, and will undoubtedly
be a large crop. Transportation facilities are in many cases
severely taxed to handle the business offered. Railway
earnings are showing larger percentages of increase as the
season advances, and the bank clearings, which last week
showed an increase of 34l-j per cent over the corresponding
period last year, this week show an increase of about 40 per
cent.
Firmer money markets abroad and sales of American se­
curities in London have had a tendency to keep tin* foreign
exchange market firm. Rates are fractionally higher than
our last quotations, especially for demand bills and cable
transfers. Money has moved more freely towards the interior
this week, but not in sufficient amounts to affect tin* market
rates.
The open market rates for call loans on the Stuck Ex­
change during the week on stock and bond collaterals have
ranged from 1 to 1 per cent. To-day’s rates on call ware
l to 11i percent. Prune commercial (taper fa quoted at 3%
to 4 per cant.
The Bank of England weekly statement on Thursday
showed a decrease in bullion of £452,103and the percentage
if reserve to liabilities was 52*18 against 54*48 tost week; the
discount rate remains unchanged a t 3 per cent. The Bank of
France shows a decrease of •‘MOO,000 francs in gold and
-1,275.000 francs in silver.
Tim New York Oify Clearing-House banks in their state­
ment of Aug. 28 showed an increase in the reserve* held of
$13,900 and a surplus over the required reserve of $39,317,“bo. against $30,753,450 the previous week.
1897.
CtoltuL..****
Bmtphi*,.........
iaoais# 4 illW a ts

€®ji?
Mill
aa. .
Sp&Sfa .......

: trm , mefe* l

m m,

Aug. 20.

1805.
31.

A ug.

. 50,022,700
00,022,700. 0*2,622,700
74f3l>;.L900
.. - 73,294,000 71.542,100
:5W3*%74t5UQ In c ,2,250, .200 455.790.200 513,250.800
V3A IS,400''Inc. 100,200; i7,ov.,r.< o 13.355,800

030,1*90.000 fa©
mm,.000:43! ,931,-00 574,920,009
.
I0O-T.»*h? 577,.500: 47.3 •3,700 6S,*04,2O0
iemAism..... 106*130.000; In©, 5tl, *00 74,474,200 117318,200
&e*©rv« iwiidL,... 198,700,700 Jtuc
13 .900 m.8I9.0OO>182,832,400
L*mi mm.rv©..*. 159,240,000 luc 240 .050 112.0-3.700; 143,732,4 75

S u rplus r > j f i . r , 17.700 Dec. 93-~..750

8.836.200

39,149,025

Fore ton Exeh tnge.—The market for foreign exchange
has been firm through the week on a good demand for sight
drafts and cable transfers, the rates for which have frac­
tionally advanced.
Today'-, actual rates of exchange were as follows: Bank­
ers' sixty days' sterling, 4 M d 84}^; demand, 4 88#4 881a ;
cables, 4 W; i 86/ 1; prime commercial, sixty days, 4 83}*@
4 Bi'rli; documentary coteunercial, sixty days, 4 83 ad
Posted rates of leading bankers follow:
Sep!ember

3.

Sixty flays.

Demand.

Ciine* bankers' sterffhg bill® oolartiffoti- 4 34%®4 85 4 86%®4 87
Rrtfns couunete.'al ....... ........................ 4 S8%»« 83%
Itopnux ntorjr commercial..................... 4 83 8 4 831s
..........
Pari* hankers* ffraocei. ....................... |5 30 *5 19*,, 5 18>i*-5177M
Amste Uasu iguilitero banker*.............. .! 391%. »40 . 40%»40»<«

yraekf.'iTirtf B rem en irelchm arlts) trite re' 917, .* :■I e->.. ; 95»)8®9&38

* Tills Is the price bid

at the morning board; no sale

was made.

U nited States S ub-T reasury.—The billowing table shows
the daily receipts and payments at the Suo-Treasury :
B alances
R eceipts.

Bate.
A uk 28
" 30

31

Sept. 1
2

3

T o ta l..

1.851,521
8.013,531
2.055 086
1,035,187
3.011.620
2.189,702
14,089.647

P aym ents.

Coin,

1,893,320 148,210.862
2,496,809 *48.198.186
2,060,209 148,118,181
2,178,426 147,997.105
2,725,646 448,083,838
2,712,917 117,959,7631

(hntte V est's | C urrency.

$

I

1,811,9751
1,775,756'
1,905,909
1,775,929
1,351,307
1,310,095

$

57,998,096
58,58-.463
58,533,443
53,551,260
59,195,123
58,837,193

14,067,329;.

Coins.—Following are the current quotations in gold
coins:
Sovereigns.......... 84 85 9 $ 4 88
N apoleons............. 3 85 a
X X BelClmmrkc 4 74 9
23 P e s e ta s ............ 4 78 *

3 88
4 78
4 81

Span. Doubloons. 15 50 315 70
Hex. Doubloons 15 50 »1 70
Fine gold barn... par a %prem.

for

Fine Silver bars.. — 52 a — 53%
Five francs........ — 90 ® — 96
Mexican dollars.. — 41%®—43%s
Peruvian sols ... — 36 ,*9 —39
English silver__ 4 86 S> 4 90
0. 8. trade dollars — 60 9
75

S late and R ailroad Bonds.—Salea of State bonds at the
Board are limited to $8,000 Virginia fund debt-2 3s of 1991
at 67fg.

Th«* market for railway bonds has been active and strong
throughout the week. The investment demand at the coun­
ter is good and sales outside the Stock Exchange have been
on a liberal scale. One of the features of the week was the
announcement of the sale of $6,000,000 of Reading bonds by
tin- underwriting syndicate, and other sales of considerable
importance have been reported. Advances of from 1 to
over 2 points are common in the active list., including the
Atchisons, Fort Worth & Denver City, Northern Pacific
prior 4s. Texas & Pacifies, Wabash 8ds, Norfolk & Western
and Reading issues. Activity has been conspicuous in
Atchison, 1 h.-ap.-ulce & Ohio, Chicago Terminal, Colorado
Midland, Erie, Fort Worth & Denver City, Iowa Central,
Kansas Pacific, Missouri Kansas & Texas, Milwaukee &
St. Paul, Norfolk & Western, Northern Pacific, Oregon
Short Line, Reading, Rio Grande Western, St. Louis & iron
Mountain, Southern Railway. Texas & Pacific, Union Pa
cific and Wabash bonds.
Railroad and Miseellnitoonn Stocks.—The stock market
has shown increasing activity day by day, the volume of
business rising from about 483,000 shares on Monday to
about 800,000 shares on Thursday and nearly 700,001) to­
day, Sales for foreign account, which were on a
fairly liberal scale, were readily absorbed, and the mar­
ket lias continued strong, St. Paul & Omaha was one
of the prominent features of the railway list, advancing
over 10 points on Wednesday and retaining a large portion
of the gain. The advance was accompanied with reports of
an alliance with North West, and the expectation that the
stock will soon be a f per cent dividend payer. Other
stocks with which the Vanderbilt interests are identified
advanced an average of nearly 6 points, including North
West.. Canada Southern and Cleveland Cincinnati Chicago
& St. Louis. Southwestern shares have been strong, Mis­
souri Pacific making a new high record on Wednesday,
when it sold at 40. In this connection it is interesting
to note that Missouri Pacific sold at 10 within four months.
Oregon Railway & Navigation advanced over 5 points on
prospects of increasing business. The grangers were espec­
ially strong to-day, led by St. Paul, which steadily advanced
to 9ft, a net gain for the day of 9% points on the large in­
crease in earn ings and rumors of a higher dividend rate.
The speculative element has been largely interested in
the industrial list. American Sugar fluctuated over a range
of U points, from 1481£ to loftjj. Chicago Gas made a new
high record at 105?<£, and General Electric, Pacific Mail,
Pullman Palace Car, Western Union, United States Leather
preferred, Colorado Fuel & Iron and Tennessee Coal Iron &
Railway have advanced from I I4 to over 5 points on the im proved industrial situation.

THE

402

' HRONLCLE.

|VoL, l.V

NEW I0B K STOCK EXCHA.N«E-AC’r /F f f S T O C K S f o r week e n d in g SW P T . :J, a n d s in e s J A W . I , 1897.
H IG H E S T AND LOWEST PR IC ES.
S atu rd ay ,
Aug. 28.

M onday,
Aug. 30.

T uesday,
Aug. 31.

y, Thursday,
Sept. 2.
Sept. 1.

Sales of f R ange f o r y e a r 1897.
th e
[On b a sil o f ioo-ihure Ion. j
Week,
Shares.
Low est.
H ighest.

I
STOCKS.

F riday,
Sept. 3.
..

..

4 f l l v e HU.

S to ck s.

15% 15% A tchison T opeka & S an ta Fe. 18,499
9% A pr, 19 16% Aug. 30
33% 34%,
Do
p ref. 112,986 17 Apr. 19 34% A ug. 31
4,930
.. .. .
*16
17
17
17% 17 17% iB altim ore <k Ohio.
9 J u ly 10 18 J a n . 8
8,048 18% Ja n . 7 35% J u ly 3
32
32% B rooklyn R apid T ra n s it.........
% $31% 32% 532
32%
33
33
1,54° 46% Mar. 29 74 A ug 3
..............
72% 72% 72
71% 572% 73 [Canadian Paoitte
71
73
73
72
58% 60% C anada S o u th ern ..................... 35,854 44% J a n . 13 60% Sept. 3
*55% 56
% 55% 60
56% 56
55%
5,299
96%
95%
97
C
entral
of
New
J
e
rs
e
y
............
96
96
i* 95ka 96%
68% M ay 24 103% J a n . 19
96ki 96
612
*13% 14% C entral Paoltlo
14
$13% 1330 14%
ill
11
ki 14
7% Apr. 20 15 J a n . 5
.26% 26% 26
% 25% 20% 26% 27 iChesapeake * O hio................. 126,513 15% M ar. 29 27% Aug. 30
2 5 ‘4 2 5 7e
*......... 160 5156 156 " __ _ 159% .........159% [Chloago <fe A lto n ........................
14 $147 J u ly 22 $170 Ma
1
97% 98% 96% 98% 97
98
9 8i% 97% 98% 97% 99%:Chloago B urlington & Qulney 122,705 69% J a n . 5 99% An 16
600 37% J u n e 7 51 Sept. 3
'49
50% *____ 50*4 48
50% 50% 51
51 Chloago & E a ste rn Illin o is ...
50
467 $95 Ja n . 8 101 J u n e 2 6
101
6100*H 100 \ •99 100 k» 100% 101
Do
p ref.
17
18
17
17% 18
18% 17% 18% Chicago G reat W e s te rn ......... 98,018
18
18% 17
3% J u n e 23 20% A ug. 12
9,366
1
2
1
2
%
! 1 2 % 12% 12^4 13
Chic. Indianapolis & L ouisv.
121
% 12 % 12%
9% J u ly 30 13 Aug. 31
37
35% 37
3 7 % 37
% 37
37% 36% 37
Do
p re f. 13,575 26% J u ly 30 38% Sept. 1
| 95**$ 96
% 04% 95% 96% 99 Chloago M ilw aukee & St. P aul 325,89' 69% Apr. 19 99 Sept. 3
9 4 % 95 ka
1 144 111
144 144
3,151 130% M ay 6 145% Sept. 3
kj 144% 144% 145 145% _ . Do „
p re f.
120 % 1 2 1 % 1 2 0 ^ 121 kj
% 122ka 127ka 125% 127% Chicago & N o rth w e ste rn ___ 48,720 101% Apr. 19| 127% Sept. 2
275 153 J a n . 12] 165 J u ly 13
163 165 6164H 164 *4 5164% 164%
% 165 165 *164 165
90% 9 1 14 90% 91% 90
% 90% 92% 91% 93 Chloago Rook Isla n d <fePacific 104,902 60% Apr. 19 93 Sept, 3
71% 72%
81% Chloago St. P au l Minn. & Otn. 89,665 47 Ja n . 2 82% S ept. 1
71% 73
81% 79
% 78
144 141 *143 145
1,300 133% Ja n . 18 148 J u ly 26
% 144 144 7q 145 145
•143 145
Do
p ref.
36% 38*4 37
% 37% 40% 38% 39% Clove. Clnoln. Ohio. & St. L ... 27,115 21% J u n e 1 40% Sept. 2
35% 36*4 36
$85% 86%
518 63 J u n e 16 85 Sept. 2
. 83% 85
Do
p re f. *
ii9
3,163 99% Apr. 1 121% J a n . 6
120:*8 120 120
119% 119% 119% 119% D elaw are <fe H u d so n ................
119 120
159% 159% 161 161
3,450 146% M ay 20 164 A ug. 12
5163 163
% 160 160% 158% 160% D elaw areL aokaw anna& W est
13 D enver & Rio G rande
513
13
465
13ka 13 kj *1 2 % 13%
% $12% 12ka 13
9% A pr. 20 14% Aug. 14
9 ,6 -1 36 A pr. 20 50% Aug. 16
47 % 4 7 % 47% 49
47
47% 47:% •173i 47 ki 47% 47% 48
17% 18
7,530 11% Anr. 19 18% Aug. 11
17% 18% 17% 17ka
% 17% 17% 17% 17% E rie ,D.°.............................. p™f.
% 413s 42*9 42% 43%
42 'g 42% 42*4 4 2'•‘a 414i 413*
8 ,-7 7 27 Apr. 19 43% Sept. 3
Do
•
lB tp re f.
24
24
23% 24
24
24
1,974 15% M ay 24 25% A ug. 12
23% 23% 24 _
% 23
Do
2d p re f.
131 131 ,*131 133
136 140 G re a t N orthern, p re f................
131 131
1,325 120 Ja n . 16 140 Sf-pt. 3
k 135 136
13,475 91% A pr. 19 110% A ug. 7
% 105% 106% 106% 107% H hnolsO entral,
106% 106% 106% 106% 106 106
11% 12% 12
11% 11% 11% 12
11,088
% 12% 13% 13% 13% Iow a C e n tra l...
6 A pr. 15 13% Sept. 3
40% 41
39
39% 39% 40
4,563 23 J u n e 8 41 Sept. 2
40
41
37% 37% 38% 39
Do
p ref
21% 22% L ake E rie & W e s t e r n ........; 10,835 13 M ay 11 22% Sejit. 3
18% 20%; 20% 22
*17
18
21% 22
21% 22
71% 72% 73
75% 77
71
71
75% 75
7,870 58% A pr. 1 77 Sept, 3
7 6i4 75% 76
Do
p ref
177% 178 Lake S hore & M ioh.Southern"
....... 176% 177 177
5176% 176% 175 177
1,55 152 J a n . 2 178% Aug. 17
177 177
•42
46
*42
48 L ong I s l a n d ...........
*43
48
*43
47
42
2 0 40 J u n e 10 55
42
540
40
Jan . 8
61% 62% 61%
61% 63% L ouisville A N ashville...........
61% 61% 61% 62
93,094 40% A pr. 19 63% Sept. 3
>8 61% 62
106% 107% 106% 107% 106 106% 106% 107
105% 106% 106 107 M a n h attan E le v ated ,co n so l"’ 12,247 81% M ay 6 108 Aug. 7
122 122
122 123
122 122
7,753 99% M ay 3 125 Sept. 3
2 123% 123% 124% 125 M etropolitan T ractio n
107% 108 >108 108
6,776 90 Ja n . 28 110% Sept. 2
9 108 n o % 109 109% M lohigan C en tral............ '
25% 25% 24% 25% 24% 25%
8,064 16 M ay 14 29% S ept. 3
1 2 5 % 26% 26% 29% M inneapolis & S t.L o u is.
*87
89
87
89
8 6 % 88
89
89
832 77% Mar. 18 89% A ug. 11
88
89
*86
88
D°
1 st p re f.
57% 57% 57
58
56% 57%
x 5 7 % 60*4 59% 60% , , , Do
2d p re f. 10,025 46 Feb. 26 60% S ept. 3
15% 15% 15% 15% 15% 15%
11,617
15%
15%
a 14% 15%
M lssonrlK ansas & T e x a s .....
10 A pr. 19 16% A ug. 12
36
36% 36% 37
35% 36%
8 35% 36ks 35% 36%
25,845 24% A pr. 19 37 A ug. 12
Do
pref
35
35% 36% 37% 37% 39% 38
39 % 38% 39% M issouri Paolflo...... ........
97,333 10 M ay 6 40 S ept. 1
40
38
30
529% 30% 30
30
30
31
31% Mobile & Ohio. .
30% 31
1,935 18 J u n e 3 32 Aug. 19
31ka 32
108% 109% 103% 109% 108% 109% 108% 109
108% 110% 110% 111% New Y ork C e n tra l & H udson" 47,395 92% Feb. 18 111% Sept. 3
15% 15% 15% 16% 516% 16% *16
5,210 11 Feb. 11 17% Sept, 3
16> 2 16% 17% 16% 17% New Y orkOhloago & St. Louis
•74
80
*76
80
*76
80
80
80
79
*76
80
79
450 67% A pr. 15 80 S ept. 3
Do
1 st pref.
40% 40% 38
40% *38% 41% 33% 39
42
39
7,250 24 Feb. 10 42% Sept. 2
42^4 41
Do
2d p re f.
177 179 *177 179 *177 179 *177 179 •177% 179% •178% 180 New Y ork New H aven A H art.
160 Feb. 2 $179%Aug. 9
18% 18% 18
18% 17% 18% 17% 18
17% 18% 17% 18% New Y o rkO ntarlo & W estern. 26,117 12% A pr. 19 18% Aug. 28
17% 17% 17% 18
17% 18% 18
181 1 13
5,933
13% 17% 18 New Y ork Susq. & W est., new,
6% M ay 28 18% Sept. 1
38% 38% 38% 39
38% 39% 38% 39
39
39 k3 38% 38%
8,593 18% M ay 20 39% Aug. 9
Do
pref.
*13% 14% 14% 14% *13% 15
14
14% 14% Norfolk & W e s te rn ..................
14
14
14
786
9 Apr. 19 14% Aug. 30
38
38% 38% 39
38% 39% 39
391 4 39% 39ka 39% 42%
Do
pref 14,109 22% M ay 5 42% Se. t. 3
17% 18% 17% 18% 17% 18% 17% 18
17% 18
17% 17% Nor. PaoifioR y. v o ting tr.o tfs. 11,306 11 Apr. 19 18% Aug. 23
50% 50% 50% 51
50% 50% 50
504
49% 50% 50% 51
Do
pref 45,628 32% J a n . 5 51% A ug. 12
29% 29% 30
30% 531% 31% 33
*34
34
36% 36% Or. RR . & N av. Co. vot. tr.otfs.
36
980 16 J u n e 8 36% Sept. 3
565% 65% 07
69
69% 69%
69% 71% 71% 72%
7,381 37 % Ja n . S 72% Sept. 3
Do pref., vot. tru st.o tfs.
521% 21% 22% 23% *22% 23
22
22
22
2 2 % Oregon S h o rt L in e ___
1,070 17% Ju ly 9 23% A ug. 16
520 % 20%
20% 21% 21% 22
2 1 % 22
21 % 22 P ittsb u rg O ln n . Ohio. & St. L~.
22
221
6,027 11% M ar. 29 22% Sept. 1
*57
59
60
60% 60% 60% *59% 60
*59
60% $58% 58%
727 44% J u n e 25 60% Aug. 12
Do
p ref.
26% 27% 26% 27% 27
27% 27
27»
27% R eading, voting tr . oertifs
66,631 116% A pr. 19 27% Aug. 12
26% 2 7 ^ 27
54% 54% 54% 55% 54% 55% 55
54% 5 5 ^
557
55
55% 1 st pref., voting tr. oertifs 71,579 138% Apr. 19 56 Aug. 12
32% 32% 32% 33% 33
33% 33% 335
33% 33 % 33% 33% 2d pref., v o ting tr. oertifs
19,712 122% A pr. 19 34 A ug. 12
*20
20% 22% 22% *20
23
*21
•21
23
23% 23% Rio G ran d e W estern.............. .
23
500 14% J u n e 26 23% Sept, 3
51
51
51% 51% *51% 53
52% 521
54
55% 56
56
1,597 $25 M ay 26 56 Sept. 2
Do
p
re
f.
7%
8%
8%
8%
8% 9%
9 • 93,
8% 9%
8% 9% St. Jo s. & Gd. Isl., v o t.tr.o tfs. 19,890
3% J u n e 14
9% Sept. 2
48
48% 48% 49% 49% 50
51
4978 52
52
51
52
7,398 37% J u n e 10 52 Sept. 1
Do
1 st pref.
16% 16% 16% 17% 17% 18
18% 191
18% 20^4 19
20 n , Do
7,864 10% J u ly 28 20% Sept. 2
2d
p
re
f.
*58
61% '58
61% *59
61% •59
611 *59
61% 59% 61 St. L ouis A lt. A T. H .,tr.ie o ts
50 59 A ug. 16 62 M ay 20
7% 7%
7% 7%
7 78 7 7e
8% 83j
8
7% 7% St. L. & San F r., vot. tr. o tfs.
8%
7,156
9 A ug. 12
4 A pr. 19
55% 55% 55% 56
55% 56
55% 557t 54% 56
56
56%
6,215 37 Ja n . 29 57% A ug. 12
Do
1 st pref.
21% 21% 21% 21% 21% 21% 21%
21% 21% 21% 21%
15j
Do
2d
pref.
4,278
12
Apr.
15
22%
A ug. 12
6%
6%
6%
6%
6%
67e
6% 6%
6%
61
6%
6%jSt. L ouis S o u th w este rn .........
1,970
1 Apr. 1
7 Aug. 16
14
14%
14
14% 137e 14% 14
141
13% 14% 14
14%l
Do
pref.
5,652
3%
Apr.
1
14%
S ept. 3
*......... 26
*23
26
*24
26
25
271
27
27%[St. P a u l A D u lu th ______. . . . . .
532 20 J a n . 4 27% A ug. 4
83
83
*
83
......... 84
87
87
....... 87
$87
87%
Do
pref.
268
$72%
Ju
ly
16
87
Sept. 2
"122 ' 126 *122 126
122 126
122 125 >121 % 121 % St. P a u l M inn. A M a n ito b a ..
122 125
35 114 Ja n . 28 125 Aug. 6
20
20% 20% 21
21
21%
21% 21% 21% 21% 21% 22 [Southern Paolflo C o .. . . . . .
3,900
13%
J
a
n
.
13
22
Aug.
9
11% 11% 11% 11% 11% 11%
11% 11% 11% 11% 1 1 % 11% S outhern,voting tru st, oertlf 28,739
7 Apr. 19 11% A ug. 12
36% 36% 36% 36% 36% 367s 3 5 78 36% 35% 36% 35%
36%
f
Do
p
re
f.,
v
o
tin
g
trn
s
t.
o
ert.
44,851
227g
A
pr.
19
36%
A
ug.
31
14
14% 14% 15
14% 15
14% 14% 14% 14% 14% 14% iTexas A P a o lflo .................
31,315
8 Apr. 1 15 A ug. 30
17% 17% 17% 18% 17% 18
17% 17% 17% 17% 17% 17% Un. P ao. tr. reo., 1 st Inst, pd 27,098 14% A pr. 19 18% Aug. 30
5%
5%
5% 6
6
6%
5% 6%
5% 6
5 % 5 %; U nion Paolflo D enver A G u lf.
3,120
1
Apr. 24
7% Aug. 12
8
8%
8% 8 %
8% 8 %
8%
8%
8%
8%
6,247
4% M ar. 29
8% Sept. 3
19% 20% 20% 22% 21% 22% 21% 22% 22
22%
22% 2 2 %)
Do
J r e t 64,875 11% A pr. 19 22% Sept. 3
2%
2%
2%
2%
2%
2%
2% 3
2% 3
2% 2% W heeling A L ake E r i e . . „ .
8,862
%
J
u
n
e
1
6% J a n . 2
12 %
12% 12% 5 12 % 12% 11% 12% 1238 1238
*11% 11% 12
Do
p ret
810
2% Apr. 15 29 J a n . 5
U
i
i
c
e
l
l
a
u
e
o
n
o
S
t
o
c
k
s
.
* 20% 20% 2 0 % 21
21
23% 23% 25% 25% 26% 25% 26 A m erioan C otton Oil Co
29,616
9% M ay 28 26% Sept. 2
74% 75
73% 74
75
77
78% 80% 79
80
79% 80
Do
pref.
7,656 52% Feb. 16 80% Sept. 1
14% 14% 14
14
13% 14% 14
15
14% 14% 14% 14% A m erioan S p irits Mfg. Co___ 13,856
9% A pr. 23 15% A ug. 6
32% 32% 32% 33
32% 3 2 78 33% 34
33% 33% 33% 33%
Do
pref.
3.329 26 J a n . 5 36 A ug. 5
148% 149% 148% 149% 149% 157% 156% 159
153% 157% 154% 159% A m erioan S ugar Refining Co. 208.734 109%
M ar. 29 159% Sept. 3
116 116% 117 117% 117% 119
115% 116
118% 119
117 118%
Do
pref.
7,957 100% J a n . 7 119 J u ly 19
91% 91% 91% 92
91% 94% 94% 96
94% 96
94% 96% A m erioan Tobacop Co
115,759
67%
Feb.
15 96% Aug. 9
113% 113% 111 114
111 114 '111«#114
113 113
113% 113%
pref.
660 100 F eb. 11 115 Aug. 6
15% 15% 15% 16
15% 16
14% 15% 13% 14% 13% 15 B ay SDo
tate
G
a
s
..........................
55,686
7%
Apr.
17
16% A ug. 7
102
103
102% 102%
102 103% 102% 103% 103% 105% 104 105% Chicago G as Co., eerts. of dep.
61,805 73% .Jau. 5 105% Sept. 2
189 189% 190 190% 190% 192% 193 194
192% 194
195 195% C onsolidated Gas C om pany.
7,207
136%
J
a
n
.
2
196%
A ug. 4
38% 39% 39% 40
39% 40
39
40% 38% 39% 39
40% C onsolidated Ioe Co................ 10,835 30 J u n e 16 41% J u ly 19
86% 87
87
87
•84
87
*84% 87
*84% 87
86% 86%
Do
p
re
f.
735
80
J
u
n
e
16
90%
J
u ly 29
37
37% 36% 37% 36% 37% 36% 385g 38% 39% 37% 39 G eneral E le c tric C o ................
40,767 28% M ay 17 39% Sept. 2
36% 37
36% 37
37
37
37
38% 38
38% 38% 39 N ational L ead Co...................
23,629 21% F eb. 16 39 Sept. 3
104% 105% *104% 105 5104i« 104 ka 105% 106
106 106
106% 106%
Do
pref.
1,558 88% F eb. 13 106% S ept. 3
33% 33 7r 34
3 5 % 3 4 % 36%
36% 37
36% 39% 37% 38% Paolflo M all........................
77,020 24 J a n . 9 39% Sept. 2
*52
-52
52% 52
52
52% *52
*51% 52% *52
52% Silver B ullion C ertificates__
51% Aug. 27 65% Ja u . 27
58
8
7%
8%
7%
7%
7% 7%
7% 7%
7% 8 S ta n d a rd Rope A T w in e .........
2,826
3% J u n e 29 11% J a n 19
30
30% 30% 313* 30% 3214 32% 33% 31% 32% 32%
33 T ennessee Coal Iro n A R R ... 64,503 17. M ay 20 33% Sept. 1
9%
9%
9%
9%
9% 10
9% 10%
9%
10%
9% 10 U nited S tates L e ath er Co....... 18,693
6%
M ay 22 10% Aug. 23
69% 69% 693r 70% 70
71
70% 72
70% 71% 70% 72
Do
pref, 44,584 50 A pr. 22 72 Sept. 1
18% 18% 18% 1 8 ^
1830 19 19 18% 19
18% 18% 19
20%
U
nited
S
tates
R
u
b
b
e
r
Co.......
68% 68% 08
8,352
10
J
u n e 3 25% J a u 19
*67
69
68% 68
68 %
68% 68% 69
70%
Do
p ref.
4,476 50 J u ly 20. 76% J a u
5
93 % 94U
93
93
94
94% 94
94k» U4
92%' 94% 95% W estern U nion T elegraph
94.602
M ay 7 95% Se pt. 3
15%
33%
lb 3*
32
72ka
55 kj
yt>*4
14
26%

16%
34%
17%
33^
72%
56
96%
14
27*e

155i

16

3 3 % 34%

%

14

15% 15%

3319 34

A p ril 8.

1 B efore ppaym
f
ent, of a n y instalm en t.

NEW

UUb: CHRONICLE.

4, 1897-J

S iP fE M H iK

v 'O liK

STO CK

P H I O E S <C o o M a n e d ) — W & C T I V E S T O C K S .

E S C rtV N O e

Sept. 3.

iHAOTiy* STOCKS,
f I n d ic a te s e n lis te d .

B id .

Mange (sates) tn 1897.

Lowest.

A sk .

YORK STOCK

SEC U R ITIE S.

Bid.

New

mhjsoIa

90

4*.....................1914

Specie. Legate. D eposits.

" ’

0 2,021,

1.000.0:
7*0,0;

Chemieski.............
800,0
M«T6h*<tto* Kxt&’ge .600,0
........
i #<x)o.o.
IB V M m f A Dwr*r»*| 300*0■
400,0

Leather Meaafae’r*
Seventh............ ...
Stele of New York,,
4m«n«M Hxebaage;
Caaa«r*

157 Sept.!
43% July'
125 Jan,
116 July
94 June’
122% Aug.
105% Apr. J
27 Jan.’l
85 May {
7% Aug. i
162% May
37% Jan
44% Sept.1
125% Aug.
115% Ang.
72 Sept,
5 0 A ug,
49% Aug.
96 Aug.
50 May j
12 Jan f
52 Feb.
60 Aug. 1
23% Aug.:
16% Sept.
8% Aug.
97% Sept
120 Ang.
6% Aug,
10% Jan.
340 Mar.
182% Sept.
4% Aug.
13 Ang.
118% July
80 July
9 Aug.
48 July
112 Aug.

BONDS SEPTEM BER 3 .
S E C U R IT IE S .

A sk .

Bid.

48k.

85 i 86%
67%
4

70

5

Now York City, Hohuih and Philadelphia Banks:

N. y .

tpmpimi A i

Bmpkm.; Loan*. ; 9p**i*. ; Ltgms* ntpo*ii$.+ Oirt’t'n Ultarinm
S

*

1

f

1 r-f«&t>50
L sa m

Mechanics' .............. I 3.000.
1,500.6
America...... —
Fheslx__ ___ —. i 1,000.0;

U » tomnim' A Tmd*«|
Gftwm wl© a .,....,....

e u d u tg

Highest.

1 tc®©?i
1 PSSS

Loans.

Lowest.

Tennessee—6s, old....... 1892-1898
6s, w bonds.........1892-8-1900
Do
N ew s e rie s — 1914
Compromise, 3-4-5-6s......... 1912
New settlement 3s..............1913
Redemption 4s...................1907
Do 4%»................... 1913
105%
Penitentiary 4%s................ 1013
« • ....................... ............................ 1919 126
Virginia funded debt, 2-3«— 1991
S outh C arolina—4%*, 20-40,. 1033 105
6*. n n n -fn n d ........... ..............iSSSi
%
6». deferred t'st ren’ts, stamped.

B ank of Now Y ork *3.000,0 #1.819,1 #14,040.0 rio .u l.O
2.0SU.O ---------2,1*3,51 14.026.0 3,741,0;
Manhattan Co— J ---------3.000.
0. 1,608,9;
MerebatiU*

82,

Bid.

S E C U R IT IE S .

u a Nk 8

Capital S u rp l't

Mange (sales) in 1897.

l¥P

.M issouri- F und ............... 1SB4-1895
■N o r th C arolina—O s.old....... ......i&J
F u n d in g a c t............................ 1900
New bonds. J A J ..........1892-1898
C hatham KK............ ......... - ..........
Special tax . Class I ........................
C onsolidated 1-................. —1910

N e w Y o rk ( j i t r liu u k M a t e m c n t to t t h e w e e k
A n g . 2.8, 1897.
l i e o m it tm> c ipher* (0 0 J in a ll cases.

h»s K*.
(00s omitted.)

Sept. 3,

Bid. Ask.

m iscellan eo u s S tocks.
Adame Express......... ...........—100 155 158 147% Feb.
American Bank Note Co f ...........
42% July
American Coal.................. , ....25 121 125 113 Apr.
Amerioan Express.......... — —.100 115^3 117 109% Jan.
Amer. Telegraph 4 Cable........100 92 95 85% Jan.
Brooklyn union Gas.................100 1121
85 Jan.
Ohio. Jane. Ky. &Stock Yards.100
102% May
Colorado Fuel 4 Iron..............100 Tie
26% 15% June
Preferred.......................... —1O0
75 Feb.
Col. 4 Hook. Coaltr.rota.allpd.100
3% June
Commercial Cable............... —.100
162% May
Consol. Coal of Maryland— —100 38
35 Feb.
Detroit Gas.....................
50 ;4t% 41% 20 Jan.
Edison Elec. BE of N. Y.......... 100 123% 125 101% Jan.
Edison Elec. 111. of Brooklyn..100 lift 116 97 Feb.
Erie Telegraph & Telephone -100 172
63% Apr.
Illinois Steel............................ 100 149
29% Apr.
Laclede G as.......—. . . . ........—100 118% 49% 22 May
Preferred.............................. 100 194%
70% Mar.
Maryland Coal, pref................. 100 45 60 40 July
Michigan-Peninsular Car Co.—100
10 July
Preferred.............................. 100
42 Slay
Minnesota Iron........................100 160
38 Apr.
National Linseed Oil Co........... 100 121%
10 May
National Starch Mfg. Co.......... 100 :i2% 16% 3 May
New Central Coal..................... 100 18
4% May
N. Y. 4 Bast River Gas 11........ 100 196
96% 61% June
PieferredT— ..................... 100 119 12 0 % 98 May
North American Co.................100 15% 5% 3 %Apr.
3V 5% 3% Aug.
Ontario Silver Alining.—......... 100
Pennsylvania Coal__ _ —____ 50 340 375 340 Alar.
I’n he. in Pa’aoe Car Co ..
ICO 1179% 182% 152 Jan.
100
3
3% 1% June
12
8 Apr.
100 8
102 Jan
100 , lt1r. p
100
65 Apr.
8
9
6 Apr.
lies ■P a c iflo L a n d T r u s t . . . 100
37 Feb.
100 ..143
u . i ...... ................................... —.
1001109
1109 . . . . . . 97 Jan,
Wells. Farvo Express............ 100

E X C H A N G E P R IC E S .-A T .-lT f;

i
Ask. j

A lab am a—C lass A, 4 to S .—,1900 107%: 101
C lass B, 5 s...............................1900 104
98
C lass C, 4 -............................... 1908
C u rrrn u y fu n d in g 4a-...........1920
88
A rk an sas - 0 « ,f and,H oL 1899-1900
Non H o lf o rd ...........—................ 7s, A rk an sas C e n tral R E ....... ..

14% Ju ly
65 J u n e
Abe.

10% Aug.
31 Aug.
43 Aug,
14% Aug,
43% Sept,
40 Aug.
9 Aug.
4% Aug.
28% Jan.
9% Jnly
2% Aug.
170 Alls.
71 June
324 May
122 Mar.
3% Aug.
8% Aug.
172% Aug.
185 Jan.
120 Jn y
4% Aug.
J Actual sales.

la te s t prtoe th is week.
NEW

177% Apr.
15% Aug.
•40 Aug.
1% Aug.
105 Jan.
20% Jan.
60 Aug.
76 Aug.
36 Sept.
29 Aug.
40% Mar.
168% Jan.
IS Jan.
46 Jan.

( \ IwXxaatea a c tu a l sales. J

I nactive Stocks.
f I n d i c a t e s u n lis te d .

! Highest.

{ ta llro a d S to c k s .
170 Feb.
A lb a n y * S o e q a e b a n n a .........— 1 0 0 175
9 Jan.
13 15
i n n A rb o r.......... ..................
100
22 % Apr.
P re fe r r e d ......................
—1 0 0 133
% A p r.
A tla n tic 4 P a c ific .............. . . . . . 1 0 0
B o s to n k S , V. A ir l i n e p r e f - lO O 105' 108 102 Mar.
22
16*1 May
B a fia io “to o h e s te r 4 P i t t s b u r g 1 0 0 16
-15 62 55 F eb .
P ro Je e re d ........................................ 1 0 0
75
68 Apr.
B a r i e d a r R a p id * & N o r ... .1 0 0
31% Aug.
C h ica g o G r e a t W est. p r e f. A .- 1 0 0
19 Aug.
P re fe rre d B
........................ 100 ;27t,
40 Feb.
Ole* L o ra in 4 W heel, p r e f .. . 1 0 0
161 Apr.
CBeve
* P i t t s b u r g ....................50 160
'.6%
1% Apr.
C ol. H o c k V alley * T o l.............. 1 0 0
14 Aug.
P r e f e r r e d —..............
..1 0 O n o
Apr.
7
DCS M nine* 4 F t. D o d g e ............100 a m i 12%
70
60 J u y
P re fe r r e d .............................. — 1 0 0
Apr.
3
D u ltish
■Shore 4 A t l a n t i c 11.100
it
6% M ay
9
P r e f r r e d n ....................... . . . . . . 1 0 0
S
June
20
30
26
E v a n s v ille 4 T e rr e H a u te .......... 50
12 15 30 J u n e
P r e i e r r e d ................
50
7 June
F l i n t k P a re M a rq u e tte ........... ..1 0 0 }U
30 Mar.
P re 'e r r e d .......................... . . . -----1 0 0 ;39
10
27% Apr.
37
G re e n B a y 4 W e s te rn ................ 1 0 0
D eb. cerU u. A ................. - .........1 0 0 0
4 A p r,
D eh. c e r tf s . B ............................1000
1
1% 2 Feb.
K e o k u k 4 B e s M o in e s .................1 0 0
18
12 Mar.
16
P r e f e r r e d .------ ----------lo o
6 Aug.
C
7
M e x ic a n C e n tr a l............................ 100
M e x ic a n N a tio n a l tr . o t f s .......... 100
u% 1% 1% M ar.
M o rris k
5 0 168 170 162% June
70 Jan.
N a sh . C h a t t 4 S t. L o u is ......... 1 0 0
295 Feb.
N , Y. 4 H a rle m .............. - ........... 50
,119 Jan.
X. Y. L a o s. * W e s te r n ............ ..1 0 0
2
2%'
%Juno
P e o r ia D e c a t u r * E v a n s v i l l e ..1 0 0
7% 8% 3% Pel).
P e o r ia 4 E a s te r n ---------------- . . . 1 0 0
P i tts . F t- W. 4 C h ic . g u a r . . . - . 1 0 0 170% ....... 150 May
R e n s s e la e r 4 S a r a to g a . — ----- 1 0 0 182% 186 177 May
Mur..
—
B o rn e W a te rto w n 4 O g d e n s.
100 1119 | ........116
June
W U o o o tiu C e n t. v o t. t r . e tf s . .10<i

' No price F rid ay

405

. 7. , 133.MB.0i 540.062,* i»2,129.8 100,4*0,4 626,132,3 13,384.7
»1,870.0 ,♦14,240,0 Ang
M 14, ; 1*1.SHM.S 556.170.S (•2,012.3 103,917.0 *530.5*9,9 13.185,5
10,701.0
I I* ,IH» i *NH (Ms t H# *05 i* 11.5.447,2 0.36.997,4 13/262.2
2.600.21 10.824,0 *#*1 21.,
28. m.SHM.6 500.874,5 oa.BiW. 1 100,138,0 630,906,0 13,418,4
1.318.0; 8f0*8,C Bo«.*
4*002.0 SO.5lO.l Aug.
14w1 03,393,8,188.122,0 10,823,0' 9,040.0 177.585.0 7,802,0 90,455,9
887/1 3.849.0
90,508,7
*“ 21,, i 63,39:18.1 H3,*47.0/0,197,0. 8,404.0 170.471.0
0,080,7 j 60.438,1
74,010,1
**' 28 I 03*393,8; 181,731,0'10,790,Oi 8,361,0 174.131.0 w
600,O'! 2.930/2 Phi
la.
*
4.636.0 24.405,0 Ang, 14- 35.888.0 118,171,0
120.400.0 6,890,0 61,029.7
37.885.0
984,4; 6,790,5
59,448,9
120.844.0
37.6519.0
** 2L. 35.388.0 114,276,0
1,454.8 8,102,8
~
121.025.0 e illt'.o 60.095.2
86.926.0
M 28., 3 5 , m o l i 6/>73t0l
130.6} 1,078,5
«
1!>
omtttW0c4pk*r*in a„l the** figure*.
, ..
270,0; 2,201,0
I Inclni
lufSiag f.»r Boet< »n and Philawleiplila th e Item "d u e to o th e r h a n k s ”
20*2,8
445.3
291.0

l:% n

2,284,4
2,814,2
19,895.0
2.873.8 20.399.7
857,1: 5,847.8
2.540.4 9.557,9
6 3 l,8 2,878,'

289.4
.3,07/0
. . ___

M is c e lla n e o u s a n il U n lis te d B o n d s :
M is c e lla n e o u s B o n d s .

M is c e l l a n e o u s B o n d s ,

Jeff. A C lear. C. A I. lB t g, 6»
Ch.Jun.AB. Yds.—Col.t.g.,6s
.
2d g. 5s .................................. W
ColontdoC. A 1.1st eon*. B»,g, -98 b.
K«TCftntlU»eee...«*.
Manhat, Beach H. A L. g.4s,
Color,ulo Fuel A I. -Ocu. 6».
Pacific........ ......
C o lu m b u s C a s -la t, g., hs .. ■ 96%b. Metropol. Tol. A TeL 1 st 5a..
2.842.4
14,822.
Reps bite-........
Comnserrisl Cablo-lst g, 4s. 107 a. Mlch. P eum . C ar 1st 5a .......
987,2 5.950,. Coin-Gas C'o.,Ch!c,—1St g«u5, 102%il. M utual Union T aleg.—0 a ,g 681.8' 2.814.0 Dc Bsrdolebcn C. A I.—#, d». * 82 a. N a t. s ta rc h Mfg. 1 st 0 s ...... i0 7 ~ b .
People#',.-----1.909.8
9,927,1
8,150,5 1,108,0
K o r a ▲m erle*.
B et, G ascon. 1st 5 ................... *•2 a N. Y A N . J . Telep, g e n .5 s ..
%M2,8 6,831/2, 2.848.5 28,8*0.7 Edison Bloc, 111. Co—1st 5s.. 110 b, N o rth w estern T eleg rap h —7s
Hahotct........
899.5 2,992,0
Xrrtsjg..... .
People's G as A C. i l s t g . 0s.
Do of B k !y n .,l« t5 a ..
284,1
--------OHU«n*‘
Co., Chicago....... i 2d g. 8».
E q n it Q.-L , N . Y.,cona.g. 5a. • V P i
! »
682,5;
2,512,3
159,4
•118 b.
E q n i table G. A F.—l e t 0 a ....
1s t cons. g. 6 s
6,855,8
830,8 1,459,4
MaXetB Fulton
S outh Y uba W a te r—Con. 0a.
S:
452,1;
»ho« a Leather.
S tan d ard Bope A T,—In c, 5s. • '10"h.
Sunday Creole Coal 1 s t g. 0a.
f f i l i l.lt! !:
Cora Sxefea&f*.
H enderson Brldgo-lst g. «s.
l i & i .......... .. Illinois
6.285,1
67«.t)
Continental.......
W estern U nion T eleg.—7 a ...
S teel deb. Ss . . . .......
210.7 1.630,0
W estern Oaa coll, tr. 5a......... •102%b.
1,782,0
131,2
Oriental. .......—
NonuHinr. acb. 6s__
U3.«»4.n 8,808,0; 4.650.0 26.»§1,0
Importera'A Tt*4*r» . . . . . . .
N o t * .—" i ” ln d lo ates p rloe o tl; " a " p ric e zikcl. • L atest prloe t h is w eek
Park*..
1437]0
a,2*o:o a \? mI 3f ? m 10^ 7 / *-pA
FjmS River.,.
Stock L ist—L atestn rices. *N ot Listed,
Fourth..,...,,
flltll
Looo:®
' V d t i . LMa’I
Central.......
t1,034,0
m
BANKS. Bid. A sk.
Bid. Auk.
001,0 l i f t i America____
6T7’°
W \
ifr f
Ninth.........
80
N.Y.Nut.B*
O&rfleM..
.
4.493.3
3,672,4;
7,105,1
.............
:::: G erm an Am.
99
N in th ............
Am. Excfc _..
228.2
62,1 f i t ! 1
Jf. Y.NaYiExcfc'f©.
litth W ard .. 100
325
Antor Place* 220
G erm an Ex.*
619.0
620,3} 2,808,0: iff;®
Bowerj . .............
N.
A
m
erica.
130
Bowery*...,.
G
erm
ania..-.
300
274.1
675.5
426.0
Mew Tor* CJOQEty..
O rie n ta l...
Broadway.,.. 232
... G reenw ich...
402.4
226.0 2,1176,4 2* 2,0
Berman American,.
P a c ific ....... 182*a
Bntch.tfeDr,.
101 H a n o v e r.....
5.264.2 4,658,3 7,6*21.8
600,0 1,511,0
. .......
P a rk ...........
i
e
o
"
Central..
..
8.424.8
H
d
e
&
L
.*
..
044.0
7,201,7
Fifth Arenne.......
100 0 1,110,0
People’s
... i |
Chafe,,......
2.830.4
H
a
d
.
R
iver..
400
469.2
G erm an Exchange..
200.0; 546.1 2.918.2 679.1
P b e n lx ,..., 101 106
4.229.0 C tm th am ...., 290
Im .A Trad'rf*
468.0
0933 3.341.0
200,0
G erm an l e , . . . .........
180
P
la
ra
*
..,...
_
_
Chemical....
4000
I
r
v
in
g
......
961.3
1,049,8
e,»S4.o
5W.0;
Halted state*..... .
175 Prod. E x ,* ... 115 120
L eath er Mfa*
6.078.5 J 004,0 2,614,5 I ; f l i City...____ 630
Lincoln ................ 300.0
150 100
032.3 5.544.0 Citizen*’..,.. 1*25 135 L ib e rty * .. . . .
86^,5
•2'X).0
4.803.2
170
800*
405.6 2.090.5 Colombia..., 100 175 L incoln .........
262,0
1.882.1
200.0
Ifm ,’14
Second ....... 425
810.9 6.162.8 Commerce... 204 h 205 M a n h a tta n ...
Beak of the Mellon. 300/1 808,8 4.483.9 804.1
100 110
225* S e v e n th ,
M a rk e ts Fnl
444.0 2.459.0 Contiuentai. 130
2.979.0
200.0}
Wwv 814e..... . . . . . . .
Shoe & Le’th 03
Corn Exoh...
Mechanloft'.
7.391.0
8e*lwMir«,............
125* St&rcof N .Y , 110
ast River.,
M’chs* A T ra’
i r« i 1.755.0 200.0 3.089.4 l i l l o Ellth
............... m
¥6“
T h ird .......... . 20
Ward., 200 ------ M ercantile...
7.712.6 1.197,6
Weetem.
^ 2,100,0
T radesra’n'e. 102
Ave.... 3000
M e rch a n t.'
4.811.0 921.6 1 354,8 ia,713,2 Fifth
Fl ret Hat. B’Milyu...
isd”
12th
Ward*.
120
Fifth*..... . 650
M erch’t. Ex.
1 148,7
2.797.2 2,288,2
Net.
Ra
- “trusts
' Reak.,.
i& X
201
TJnion
M etropol’a...
475.5 2.804.0 First........ 2500
388,8
fe
Rank,.
f bertyNai.
U nion S o.*.. 175
4.3511.0 Fir»tN.,8.1 120 160
M t, MorrlH-.
538,2
579.7
Y.rre«S.Mrefe'ee ltr o *20.8
180
XJM
’d
S
ta
te
s.
170
2.227.0 14th Street,.
N assau ---382.9
2.023.9 321,0
258,8
Bit, c«fN.Am*terf!am
Y orkvllie*.., 170
Fonrth ...... 177 285 N. Ams'dara.
120
W
e
atern
_
_
_
G
allatin
..
.
.
825
New
Y
o
rk
..,
310
T o ta l.,________ 59,022,7 74,388.0 M ».874,5 y2,028,1 100,1 »*.8 036,»9« 0
W e e tS id e ... 275
Laiisevoort’.
100 N. Y, C o'nty
I
I
I
I

_

B roadw ay ..

W

n

Hr

I2?;l

HI

III!

III

THE CHRONICLE,

401

BOSTON, PH ILA D ELPH IA

AND BALTIMORE STOCK EXCHANGES,

j r < iitR re P r i c e * — a o l h e r O e n t a a

Active Stock*.

S a tu rd ay ,
Aug. 28.

H I n d ic a te s u n listed .
A to ll.T . & 8. F e .l .Boston). 1 0 0
A tla n tic & F a n .
“
XOO
B a ltim o re A O lilo (B a it.).1 0 0
B a lt. C ity P a e s ’g e r “
28
B a ltim o re T ra c tio n "
25
B a ltim o r e T r a o ’n lH /V tii.). 25

15% 15ta

M onday,
Aug. 30,
15% 16

[VOL. LXV

Tuesday,
Aug. 31.

W ednesday,
S ept 1.

15»8 15%

15*s 1 5 %

Sales

P r ic e * .

T hursday,
Sept. 2.
15%

F rid a y ,
Sept. 3.

15^

15% 15%
25 c. 25 c.

R a n g e o f s a le s l a 1897

Week,
Shares.
10,267
25
76
297

Low est,

%
17
*16% 17
16% *16% 18%
67%
67% *67
67 ^
67
59% Ja u .
66% 67
6 6 % 6 6 % *66
*
1930 *lg$t 19
19*8 *18% 19%
® ) % *19
1>*% 18%.
200 17% Ja n .
19 19
145 209 Ja n .
220 220 *220 ‘ 221
220 220
220 220
220 220
Bouton & Albany ( Boston). 100 220 220
*215 ___ 2 6 216
9 205 Ja n .
.. *215
*215
B o sto n & L ow ell
’*
1 0 0 215 ..... 215
30i 157 J u n e
164 is 164% *164 165
165 165
165 165
B o sto n & M a in e .
“
100 163% . ... xl(ii%M5
1,649
1
2
%
32%
9 A pr.
1
2
%
1
2
^
12%
1
2
^
12%
12%
13
1
2
%
11
11
%
C e n tra l o f M aas..
‘
100
HI
1,2^2 56 M ar.
61
61
61
6lb
61%
60% 63% 60^9 61
58% 62
“
100
P r e f e r r e d ........ .
34,
19
97%
99
97
9
7
%
98
97*2
89*9
Ja n .
98*n
98®s
97%
98%
98%
SB%
O h io .B u r.& Q u in ,
100
17.675 6 9 b A pr.
95 9-5% 95% 95% 947s 95% 9 4 % 9 5 % 94*3 95% 96% 99
O jfc .M U .a tS t. P . (PA ii.).lO C
93g
9%
6
M ay
9
%
1,110
9%
9%
9
%
9%
9%
9
9%
O hoc.O & G .V ot.t.o
50
16 Apr.
20
m
m
oorn.
C it. 8 t.R y .o f Im lV ••
100
94
364
93%
83%
Ju ly
9334
93
*93h
94
93
93
93
"92%
'
9
3
'
F itc h b u rg p re f. .(Boston). 100
31 b
2,618 20% Feu.
30*8 31% 31
L e h ig h V a lle y
(Philo.). 50 303s 30% 30% 30% 30% 30&« 30% 3 t
M e tro p o l’n T rao .t! “
100
M e x ic a n C e n t’l fjSosdm i-lO C1
N ew E n g la n d .—.
*•
100

Preferred ..........

“ 100

N o rth e rn C e n tra l (.B at.). 50
N o rth e rn P a c ific (Philo. 1100
P re fe rre d
100
O H C o lo n y . ...(B oston). 100
P e n n s y lv a n ia . ..(P hila . ) . 50
P h ila d e lp ll. T ra o .
"
50
B e a d in g C o------“
50
U n io n P»e!tU ( ..(Boston). 100
U n io n T ra c tio n ..('P A iia .J 50
M iH c e lla n e o n e S t o r k i .
A m .S u g ’r R e ttn .lifB o s io n j—
P r e f e r r e d .........
B e ll T e le p h o n e ..
'•
100
Bysx. & M o n ta n a .
"
25
B u tte & B o sto n i
"
25
O a lu m e t & H e e ls
“
25
C a n to n C o ............ (Bait.). 100
C o n s o lid a te d G a s
**
100
E le o ,8 to r. B a f y If (P ftifu .). 100
P r e f e r r e d 1]
*•
100
E rie T e le p h o n e . (Boston) .100
G e n e ra l B le o trio .
“
100
100
P r e f e r r e d .........
I llin o is S t e e l . . . .
“
100
L arneon B toreS er
“
50
L e h i’b C oal& N av. (Phila. 50
N . E. T e le p h o n e (Boston). 1 0 0
P a . H e a t.L . & Fo w (Phila . ) —
U n it’d G a s lm p .fi
“
50

W alsbaoh L ig h t f,

“

6

16

5%

5%

6

80
89

85
84
84
75% 75% *75%
17% T 5 %
*17% 18
50% 50% 50% 50%
185 185
56% 56% "56% 57%
73% 73% 73% 74 W
13% 13%
137,,, 13%
17% r % 17% 18%
11% 1 1 % 11 % 11 T(
149
116

240

143% 144

27% 27 *s

420

420

65
'58% 59
29% 29%
32% 32%
66 %

66%

37% 37%
*80 82
47% 49

*20%

2L

"44% 44%
120 % 120 %
157g 16

79%

12 % 124%
122% 123
6^
6%
6 l4
6%
40
40
88
90
HH
87
so
76‘% 77b *77
IS
I7*g 17%
18
50%
50% 50%
185 185 *185
56
56%
56 ^ 06 b
72% 72%
x72% 7 2 b
13% I3H ,s 13»i* 13%
1 7 ^ 18
17% 17^,
11^8 11 6g
11*8 n * 8

124
6

124
6

ri_wr
88
■

87
+7 7 b
1 7 % 17%
50
50%
’185%
56% 56%
72 b 72%
137, 131%,
1738 17%
1 1 % 11%

12i% 124%
2,268
93
6%
6%
40
31
*35
87
87
642
120
*78
79
1,128
17% 17%
50 % 50%
3,833
185 185 9*
33
56% 56% 1 7,1 84
2,738
72*4 72%
13% 20,981
17% 17%
9,842
8,511
l l b i 11%

149% 148% 149% 149% 156% 156*4 158% 154% 157% 154% 159%
118 118% 1 1 8 ^ H S ^ 117*2 118*2
116 116% 117 117
116

240

79%

1%
W e st E nd L a n d . . (Boston)
• B id a n d ask e d p ric e s; n o sale w as m

nact'ive Stock*,
Prices 0/ September 3 .

*5%

30

bus.

240 2 4i % 242 244
144*8 144*8 144 144 ^
26% 27 bl
27% 28
415 415 *417 420
70
*67
67
67
59
59
59% 59
29% 30
27«S 29%
30
31
32
32
67
66*s 67% *66
37
37
37% 37
81
*80
82
81
50^
49% 50% 50
20*8 20*e *20^ 21
44*2 4 4 1$>
*44% 45
120 120
119 120
16
16% 16^8 1 6 ^
80
84*8 843*
49
49*8 49
49 ^
1%
1%
1%
1%

Bonds.

Aah.

250 260
245% 245 250
14:4ifl 1443e !44iQ 144% 150*2
27%
27
27 b
28
26 78
425
425 435
435 451
m
m
m
m
_ *67 70
59
59
59
5 9 % *591s 60
SO1^ 30 7e 32
29
31% 32Vp
32% 34
32
34i% 34i« ■"54%
70
66% 67% 67% 69
72
37% 38% 38% 39% 38
39
82
82
82
81
82
85
50
50
4 9 ^ 50
49% 49*s
20 H 20 % 20
20 % 20*2 21
44^4 4434 44% 44*2 44 ^ 45
120 122
121 123% 124 124
16% 173g 17% 17 *R 17
1738
84% HH
85% 86
86% 87%
50
50
49% 49i« 4 9 7e 50
*1 % 1 %
1%
1%!
1%
1%
i 1 st in sta i roent paid.

243%
144^4
26\
4 i6

Bid. Aek.

H ighest.

Apr. 20 16 A u g . 30
15 c. Peb. 17 1 0 0 A u g 12

99% May
5 A ug.
18 A pr.
57 Feb.
67i0 J a n .
10^8 Apr.
33% J a n .
176% May
5 s? M ay
66% J a n .
89ib Apr.
5 Apr.
8% Apr.

13
7
4
2
2
22
26

5
19
7
12
11
18
3
11
1
IS
27
30

15
26
3
5
18
L2
29

17% J a n .
8
67% S e p t. 2
20* r A p r. 2
2 0 *f A p r . 2
220 A ug. 27
2 1 6 S e p t. 3
1 6 6 J a n . 18
13 A u g . 3 0
62% A ug, 3 0
99 A u g . 16
9 t S e n t. 3
S% A ug. 11
25% J a n . 20
95 J u n e 4
32% J u l y 2
124% S e n t. 3
9% J a n . £
4 0 S e n t. 1
9 0 S e p t. ’
77% A ug. S I
18% A ug. 2 4
51 % A u g . 12 .
185% A u e, 2 3
5*% A u g . 30
74*g A ug. 6
13 % A u g . 12
18% A u g . 3 0
13% M a r. 3

36,15 4 109% Mar. 29 159% S e p t. 3
2,169 100% J a n . 6 l l8 % i* e p t. 1
2,200 205% J a n . 4 2 60 S e p t. 3
5,349 94% Ja n . 2 150% S e p t. 3
6 J a n . 11 29% A ug. 1 7
10,270
276 326 J a n . 2 451 S e p t. 3
65 60 J a n , 8 6 ’ % F e b . 6
351 55 Ju n e 2 62% J a n . 1 5
15,478 15% A pr. 22 32% S e p t. 3
1,989 17** A pr, 30 34% S e p t. 3
1,819 63% Apr. 1 7 2 S ep t. 3
5,736 28% May 17 39% S e p t. 2
309 66 May l r 85 S e p t. 3
2,85* 29% A pr. 21 5 0% A u g . 3 0
367 15% J u n e 21 23% F e b . 1
97 37% May 26 4 5 A u g . 2 6
408 101 A pr. 5 12 5 J u l y 3 0
10,418 13 Apr. 30 17*8 Sept. 2
22,383 70% May 3 8* % S e p t. 3
1,097 38% Apr. 6 5 0 S e p t. 2
575
IB sJu ly 7
2*8 F e b . 9
X T ru st reo.,all instai. n a id .

Bonds,

81 P a . & N . Y . C a n a ), . . l
, ’* !
B o sto n U n ite d G as, 2d m . 5 s . .1 9 3 9 4 80
97
98
-A t
A tla n ta si C n a rlu tte ( B a il.).100
E n rl.& M o . R iv e r E x e j a p t 6 s , J & J {118%119% C o n . 5 s ._______ ______ 19S
N o n -e x e m p t 6 a ._____1 9 1 8 , J & J {107%108 P e o p le ’s T ra o . t r u s t c e r ts . 4 s ..1943
B o s to n & P ro y id e n o e {Boston). 100 265 267
95 P e rk io m e n , 1 s t s e r . , 5 s . l 9 1 8 , Q—J
P la in 4 s . . . . . . . . . . ..........1 9 1 0 , J & J 5 90
O a ta w is s a ........ ....... ....(P h ila .). 50
51
C h ic. B u rl, & N o r. 1 s t 5 ,1 9 2 6 , A&O §105 105ia P h ila . & E r ie g e n . M . 5 g.,1 9 2 0 , A&O
l e t p r e f e r r e d _____
•*
50
24%
2 d m o rt. 6 a ........ . . . . . . 1 9 1 8 , J& D uoo% 101
G en. m o r t . , 4 g „ . . . ..1 9 2 0 , A&O
C e n tr a l O h io ................. (Balt.) 5C
P h ila & R e a d . 2 0 , 5 s . . . 1 9 3 3 , A& O
D e b e n tu re 6 s . . . . . . . . . 1 8 9 6 , J& D
Chicago & W est Mich. (Bos(mi) .100 12% 15
Ohio. B u rl.& Q u in c y 4 s ,1 9 2 2 ,F& A § 97%"9 9 “1 C onsol, m o r t. 7 s . . . . . . 1 9 1 1 , J& D
C o n necticut & P a s s ..
“
100 15') 151
C o n so l, m o r t. 6 g . . „ , . 1 9 1 1 , J& D
ConneetSout R iv e r ...
“
100 £50 £ 6 0
Io w a D iv isio n 4 e . . . . . l 9 1 9 , A&O I 99 100
Im p ro v e m e n tM .6 g ., 1897. A & O
70
Consol. T ract.o f N. J.1| (PM ta.). IOC 29
Cliio.&W .M ioh. g e n . 5 s , 1 9 2 1 , J& D 5 65
30
70
DelawareA.Boui.uiBr.
“
100
Consol, o f V e rm o n t, 5 8 .1 9 1 3 , J & J § 65
Con. M . of 1 8 8 2 ,4 s . . . .1 9 3 7 , J & J
170
75
C u rre n t R iv e r, 1 s t, 5 s ..1927, A&O f 71
T e rm in a l 5 s, g „ . . „ 1 9 4 1 , Q .—F .
14
F lin t & F e re Marq(,..(Boston).10C " l 3
75 P h il. W ilm . & B a lt., 4 s . l 9 1 7 , A&O
40% 4 2
P r e f e r r e d . - - .............
D e t.G r.R a p .A W .,ls t 4 s ,1946. A&O 5 73
“
100
50% 50% E a s te r n 1 s t m o rt 6 g .l9 0 6 ,M & 8 — §120 122 P i tts . O. & S t. L ., 7 s . ...1 9 0 0 . F&A
H e s to n v llle P a s s e n g . (Phila.). 50
R e a d in g Co. g e n . 4 s . . . . . 1 9 9 7 , J & J
62
S re e .E lk . & M .V .,lst, 6 s .1 9 3 3 , e n d . §133
P re fe rre d 1i...................
“
50
R o c h e s te r R a ilw a y , e o n . 5s ..1 9 3 0
U n s ta m p e d , 1st, 6 s, 1 9 3 3 ............ . §133
H u n t. A B ro a d T o p ...
“
50
16
75 S c h n y l.R .E .S ld e .ls t 5 g ,1 9 3 5 , J& D
44
P r e f e r r e d .......................
“
50
K.C. C .& 8 p r1 n g ,,le t,5 g .,1 9 2 5 , A&O 1 65
K a n . C’y F t.8 . & Mem. (Boston). 100
20 K C. F .S . & M .’c o n , 6 s , 1 9 2 8 , M&N § 99*aIOO D n lo n T e rm in a l 1 s t 5 s ___ ...F & A
17
76
P r e f e r r e d ........ ...............
“ 100
51% 5 5
K .C . M em . & B ir.,1 st, 2 s,1 9 2 7 . M&8 * 7 4
L ittle S o h u y lk ill.......... (Phila.). 50
62
K.
C. S t. J o . & C. B ., 7 s . .1 9 §
01
72
,1
J & J123 A t l a n t ^ l iC h a r L ^ l s t 7 s f i& 0 7 , J&J
M a in e C e n tr a l........... tBoston) 100 125 127
95 B a ltim o re B e lt, 1 s t, 5 s .1 9 9 0 , M&N
L. R o ck & F t By 1 s t ,7 s . . 1 9 0 5 , J & J § 93
54%
M ine H ill & B .H a v e n .rF A ifa J . 50
L o u is.,E v .& S t.L .,1 st,6 g .l9 2 6 ,A & O § 9 7 100 B a lt. C. P a s s . 1 s t 5 s . ...1 9 1 1 , M&N
N e s g n e h o n jn g V a l . . .
“
50
53%
2 m ,, 5 —6 g . . ............... 1 9 3 6 , A &O § 85
87 B a lt. T ra c tio n , 1 s t 5 s . . 1 9 2 9 , M&N
E x te n . & im p t. 6s ___ 1 9 0 1 , M&S
N o r th A m e ric a n C o ..
“
10G
5%
M a r. H . & O u t., 6 s . . . . . 1 9 2 5 , A&O cllO 112
N o rth P e n n s y lv a n ia .
“
50
64
No. B a lt. D iv ., 5 s ........ 1 9 4 2 , J& D
89% M e x io an C e n tr a l,4 g . . . 1 9 1 1 , J & J 4 63
O r.S h. L in e a ll a s s t.p d (Boston) .1 0 0
1
5
22
16% B a ltim o re & O hio 4 g ., 1 9 3 5 , A & O
1 s t o o n so l.in o o m es, 3 g , n on-cum .
22%
P e n n e y ly a n ia & N. w . (P hila,). 50
F itts . & C o n n ., 5 g . . . . l 9 2 5 , F& A
2 d e o n s o i. in c o m e s . 3 s, non-oum 5% 6
P hiladel. & E rie
50 26%
N. Y . & N .E n g „ 1 s t, 7 s ,1 9 0 5 , J& J- §120 121
S ta te n Is la n d , 2 d , 5 g .1 9 2 6 . J & J
R u t l a n d ........... ..
(Boston) 100
I s t m o r t , 6 s . . . . . . . . . . . . 1 9 0 5 , J & J §113 113% R e c e iv e rs ’ c e rtiflo a te s , 6s ..J & D
P re ie rre d .. . . . . .
“
100
O g d en . & L .O .,C o n .6 s...1 9 2 0 ,A&O § 85 100
D o. M a ry la n d C o n s t r n o . , 5 s . . . . .
B onthern...............
(B a lt.) .100
16
l ’%
in o . 6 s . . . . . . ..................... . . . . . 1 9 2 0
D o. P itts b , & C o n n e lls., 5 s . . J & J
P re ferred ...........
"
100
R a tlssnd, I s t .S s ............. 1 9 0 2 , M&S §105V106
D o. M a in L in e 5 s ...... ................
35%
(Boston). 50
West E n d _______
2 d , 5 b........................ . . . 1 8 9 8 , F & A § 98%100 B&L&Ohlo 8 .W .,lS t,4 % g .I9 9 0 , J & J
P r e f e r r e d .....
“
50 i’03%104%
C a p e F .&Y & d ,jg |r.A ,, 6g .I S 16, J& D .
U nited Cos. of N. J . I P h ila .).100 251 253%
110% C a n t, O M o , 4 % g . . . , . . „ 1 9 3 0 , M &8
M&N
W est Jersey & S ea8 h .
50 48
B uffalo R y. co n . 1 s t, 5 s ............1931
C ent,. P a s s ., 1 s t 5 s ____1 9 3 2 , M&N
50
W e s te rn N .Y , & P e n n
“
100
3% L a ta w is s a , M ..7 s .........1 9 0 0 , F & A 107
C ity & S ub., 1 st 6s ..........1 9 2 2 , J& D
3
W isconsin C e n tr a l . ..(Boston). 100
111 C h a ri. O o l.& A n g .e x t.5 s. 1 9 1 0 , J & J
3
4 i Choc, O k la. & G u lf, p r io r lie n 6 s ..
P re fe r r e d .....................
“ 100
6
84% 85 oo l. & Q re e n v ., 1 s t 5-6 6 .1 9 1 7 , J & J
8 i
Woro’st.Nash.& Rook,
*'
ICO 115 120
70 G e o r g ia * A la .,1 s t p f. 5 s .l9 4 o ,A & 0
C itizen s' B t.K y.of ln d .,e o n .6 » .1 9 3 3
SlISCELLAiSEOUS.
G a .C a r. & N or. 1 s t 5 g ..X 9 2 9 , J & J
C olum b. 8 t. R y „ 1 s t, con. 5 s. .1 9 3 2
A ilouezM ln’g .ss a tp d d to sto n ). 25 •50 1-00 1C olum b. O. C ro ssto w n , 1 s t,5s. 1933
G e o rg ia P a e „ 1 s t 5 - 6 s ...l9 2 2 , J & J
Am er. R y .E l.L ig h t.. (P h ila .).
5% 6 C onsol. T ra o t. o f N. J . , 1 st,5 6 .1 0 3 3 94 94% U eor. 80, & F la ., 1 s t 5 s . . 1 9 4 5 , J & J
A tlan tic M in in g ..... (Boston). 26 25
25% ' D el. & B ’d B r 'k , 1 s t, 7 s .l9 0 5 ,F & A 121M
W orth, O an t. (%________ 1 9 0 0 , J& J
Buy S tate G as fi.........
"
50
107ia
8s ......................
.....1 9 0 4 , J& J
6%
0 * s ; E a s to n & A m . ls tM .,5 8 .1 9 2 0 ,M&N
B oston L an d ......... . . . '
“
10
4*- E le c. & P e o p le ’s T ra c . s to c k , t r . e tfs
71 71% S e rie s A , 5 s . . . . . . » ... . 1 9 2 6 , J& J
4
C entennial M in in g ...
“
10 11
* % s ...................
.1 9 2 5 , A&O
1 1 % E lm ir. & W ilm .,1 s t,6 S .1 9 1 0 , J & J . 118
F o rt W ayne Elaot.1L.
“
25
1 ; H e s to n v ille M, & F ., c o n . 5 s ,.l9 2 4 116 ___r H t t 8 . & C o n n e I l s . l s t 7 s . l 8 9 8 , J & J
%
F ra n k lin M ining.......
“
25 16
S o u th e rn , 1 s t 5 s ___ . . . . 1994, J & J
10% H u n t. & B r'd T o u .c o ti .e s .’9 5 ,A * c 107%
P ren o h tn ’n ’BBay L’d .
8
% K. a. Sub. B e lt 1 s t 6 s ...1 9 2 0 , J& D 105 110 V irg in ia M id ., 1 s t 6 s . . .1 9 0 6 . M&g
%
K earsarg e M ining__ ,
•'
26 20 % 21 | K a m a P itls .A G . l s t 5 s . 1 9 2 3 , A&O 7 9
80
2 d S e rie s, 6 s . . . . . . . . ....1 9 1 1 M&g
M arsd en C e—............ '(Phila.)
19% 19% L eh ig h N a v .n to s ..........,1 » 1 4 , Q—J 113 U3% 3 d S e rie s, 6 s . . . . . . . . ..1 9 1 6 , M&S
Osceola M ining ___ (Boston). 25
38% 38 %S 2 d 6 s , g o ld ................... .1 8 9 7 , J& D 101% •—
4 th S e rie s, 8 -4 -5 s........ 1 9 2 1 , M &8
P ullm an P alace C a r .
100 180 181
G e n e ra l m o r t. 4 % s, g .l 9 2 4 ,Q —F
5 th S e rie s, 5 S . . . . . . . . . 1 9 2 6 . M A 8
P en n sy lv an ia S teel.. (P hila,). 100 33
33%1 L e h ig h Val.Coal 1 s t 5 s ,g .l9 3 3 ,J & J
96% W e st Y a, C. & P . 1 s t, 6 g .1 9 1 1 , J & J
. W ilm . C ol. & A u g ., 6s . .1 9 1 0 , J& D
57
P re ferred IT_______
“
100 55
L eh ig h V a lle y , 1 s t 6 a ...1 3 9 8 , J& D 103ia
Qnlnoy M in in g .____ 1Boston). 25 118 1 1 9 ! . 2d 7 s . . . . .....................„.10XO,M &g
MISCELLANEOUS,
.a m a ra o k M in in g ....
“
25 136 1 3 7 ! C o n so l. 6 . . . . . . , . , ..........1 9 2 3 , J& D 117
B a ltim o re W a te r 5 s . . . 1 9 1 6 , M&N
a te r P o w er..................
“ 100
1
0
9
1
0
9
%
N
e
w
a
rk
P
a
s
s
e
n
g
e
r,
e
o
n
.
5
a
...1
9
3
0
%
F u n d in g 5 s . ™ „ . . „ . 1 9 1 6 , M&S
1
W estiu g k .E iee.& M ,.
“
60 24 25
N o rth P e n n . 1 s t , 4 s . „ . 1 9 3 6 , M&iS 112ia
E x o h a n g e 3 % s -----. . . . 1 9 3 0 , J& J
P ref., o u m n latlv e.
“
50 55
55%
G e n . M 7 s .......................1 9 0 3 , J & j 118%
V irg in ia ( S ta te ) 3 e .E a w .1 9 3 2 , J & J
133 '__rnnw F u n d e d d e b t, 2 - 3 S .....1 9 9 1 , J & J
Bonds—Boston,
’e im s y lv a n ia g e n .6 s ,r ..l 9 1 C “
A t. .toy. & 8. P . g e u e r a l g. 4 e, 1 9 9 5 §87
87%
118 . . . . . . C h e s a p e a k e G a s . 6 a . . „ . 1 9 0 0 , J & r
C o n so l. 6 s , 0
190*
A d ju s tm e n t g. 4 s, 1 9 9 5 .
§59 59% C o n so l. 5 f , ................ ...1 9 1 1
l. G a s , 6 s . . _ _ . „ „ 1 9 1 0 , J& T
Boston U nited G as 1 st 5s.
_m
mm C o«nSso......................................1
C oll a t T r. 4% g . . . . . . . i ° i 3 .'.T&r
§92 93
9 3 9 . TA.
- ^ ’ P rle e In c lu d e s o v e rd u e o o u o o n .
t O n u s te i.
« A n d a o a r u o r tu c tn e s c .

j

B id

A t*

105
98
98%
100
118
107%
__
126
131%
1 22
103% ___
102%
. .A .. .

108
86%
97%
104%
1 18

86%

118%
80
81
114%
1* 3
10 3
1 1 4 1141®
10 2
_____ ,
80
75
101% 103
39
iI8 % i 6 T
99
97
_____
70
95
113
- -am
I1 3 ia 1 1 4
107
114
X034J 10334
86
90
116
9H% 99^2
107*s 109%
1 10
__
115
110
102
94
94^a
1 (2
116
1 12
..uuno
97
1 03
109 109%
115
——
123%

ids"

——

68
68%
104
11 6
-a m m a m
108% 1 09

THE CHRONICLE.

S eptemBek 4, 1887,]

NEW YOBS STOCK EXCHANGE PRICES tContlnned}-A C T I V E
K a ILKOAJD AMD
MISCW-LANSOOS BONDS.

Range (sales) in 1897In i'st | Vlosi)ig
tr ic e
---- —------------ —
Period Sepl.S. i L ow est | H ighest

BOV03

405
SEP1. 3 AND FOR YEAR IS 9 7 .

Ra i l r o a d a n d
M is c e l l a n e o u s B o n d s.

Range (sales) in 1897
h it'st Closing
tr ic e
__ ________
P eriod Sept.
3.
Lowest,
H ighest

Auier. Cotton Oil. deb.,8g-190*j Q—F I 107 %b 106 Fob. 109 Jan. L.N.A.<feCL.—C oil. 6 g .tr.rs. 1916 A & O
t 8l May f 92^3 July
Anier. Spirit Mfg.. 1st, 6g.l91» M & S S3 b. 70 Apr. | 861i Aug. i aianliKitrtaii c o n s o l, - is .........1 9 ^ 0 A 8$ O * 9 6 b. 91% Apr, I 9? % Au'g-.
Ann Arbor.—let,4a, g. ...ls>»o ■4 -J ! 82%b.: 74% Jan. j 8-1'« Aug. Metro. SLevatea.- let, 6g .l 9 o8 J & J] 116
1163s Jan. 121 June
! 78% Apr. ! 88% Sept.
2<1.6» ..... ...
__ 1899j MA N *105^jb. 104% Juue 107% Apr.
AC.T AR—New geo. 48.199s A * O 588%
9 % I 41% Apr. ! o.iiL Sspt. Met. Xnteruat’i—1st, 4 , g. 1942 3t & s
Aui-stuient 4s............ ..1995; Not.
69 Mar. 73 Jan.
B’w»TA7thAv.-lst.oon.g.5s,4:-! J A D nii% b. 116% Jan. 120% Aug. Mlob. Cent.—1st,oons., 7S.1902 M & N il6 b. 116 May 119 Apr.
OonsoL, 5s........... ........1902 31 « N loe^b. 1 0 o%juue 108 Mar.
Brooklyn Elev. let, tig...-1924 A * O ‘•SO b, 70 Feb. 1a-iL Aug.
Union Elevated.—6 g--- 198, 11 Ss N i SO a, 63 Feb. 9 83 Aug. Mlnn.A8t.Xi.—1st oon.5s,g.l934131 A N 106
100 Jan. lOii1^ Sept.
Bklyo Bap. Trans., 5 — 1946 A <» O 88 % i 70 May 90% July M o.K .A £,-lst5s,g.,gi.l942 A & O 97 b. 88 % May 9S% Sept.
,, . Jatx, 113 Aug. . M.K. A Texas.—1 st, 4s, g. 1990 J! * D 87
Bktvo.Cn.Oae.liit.i-«u.5«. 1945 J & .1 113%b. 105%
82 Jan. 8 7 A u g .
Mar. 101%8ept.: 2d,as, g ... _____ .....19 0-P a A 63*13 54% May 64% J u ly
-B’kly nWhrf *0W.H—lstAs.g. i-T a A 1 0 1 % 9.........
Buff. R. ,fe P.—Gen. a. As. 1937;M ,v 8 99 1). 95% 3Lar. 102 Aug. Mo. Pae.—lst,oon.,8e..... 19 V0 M& N 97
68 .May 97 Sept.
Canada ffoutbern.—l«t,5#,19o8 J A ,f 110 b. 108 Jan. 113% June
3(1,78....................; .......1906 31 A N 106
98 Mar. 106 .Aug.
Pao. of Mo.—1 st, ex..4g.1938”P A A; 100 b. 100 Apr. 103 July
3d.Se, .................... ....1913 M * S' 105 b. 10 4 % Mar. TOs Aug.
2d ext 5s...................1938'•] A J '102 b. 100 Apr. 103% Jan.
■Cent, of 04.—let, 59...1845 P & A. Il l b.112% Feb. 115% July
is.1 K,. B.,5s.l»35
I ',1 •>,“r 4&D
.Va./ 107
8t.L. klr.Mt-Arlt
103 Apr. 107 Aug.
Cram., 5», g .......... - IW « * ! •{ 91% i 86 %June! 9> Sent.
-*
A' A* 106% 104 June :106% Sept.
1st ext., g „ 4% ,..........19*715
Central of N. J.—Cone,,7s,T89S‘| Q J 107%b. 106% Apr. 10.8% Mar.
67% May 8g% Sept.
Consol.. 7s...... ..............190. II a N .......... 113% June 115 Mar.
Gen. R*y atlann gr.,5g.l’>31 -L * O 88%
General mortgage, Sg... 1987:J & J 113%a. 106 May [118 Feb. MobUeAOMo—NewBg ...192" 3 & D 12 1 a. 116% June [121 May
Leh.A W.B..eoo.,7a,a*'d.l90t i <4 —M 101 %b. 90 Apr. 104% Fell.
General mortgage, Is. 1938 M& S 75% 65 Apr. i 77% Aug.
" Feb.
~ * : Nash. C b.& 8t.L .—1 st, 7 s . . l 9 '3 J * J 128 b. 127% Jan. 133% June
“
mortgages*. 191; ,M & 5 82 b. 75% Slay 90
Am. flock A Inin., 5s— 1921 i t & 1 114% 113 Aug. ne%Feb. I Consol., 5g.................... 19’ 8 A A O
98% .June 103 Aug.
Central Paelfle.—Gold, 6s.l89* |J A J 101%b. l00 J an. 101%June N. Y .C eutra!—flebte.’it.-ls.lOO M & N '
101% Jan, 105 July
1st, coupon, 7 s .................190 :J & J
Exten n s
............ 1S'»- .1 A J '101 b. 99% Jan. 103% J ana
---"
121% Apr.
D e b e n .,o s . c o u p .. 1 8 8 4 . . 1 9 0 ; 51 A S * 1 0 9 b
Ohee, A Ohio. -Ser.A, 6g».100> 'A A O 120 b. 119 Jan. 121% Jan©
112 Aug.
XT Y.
XT
r __»__5 r»_
.. N
X* 1H1 1l^Ubh .
N,
A rHarlem,
7a, __
re«..190 < M &.
Mortgage, 6 g................ 1911 JA A O 121 %b. 118% Jan. 122% July
114 Mar.
B.W. A Ogd., consols, 5s. 192- A A O l l **Ab. :
let consol.,5 g............. 1931: M A N 112 :107% Jan. 112 Apr.
1 2 1 % .) uly
108%
General t%., g..............199 " A S 83 I 72 Mar. 3.:.% Aug.
110% June
e’#ta! ! ^ : : : f ! i l i i i 107 a.
B.A A,fliv., Isteon., Ag.lfWi : 1 A J 102 bi 97 Jan. 104% Mar. N .fS f,lorA
108 Sept.
2d con.,« . . 198' J A J 92 %a. 86 Jao, 91 Juue N. Y. Lack. A W.—1 st, 6s..192! J & J ..........
139 Aug.
Construction,5a ____ .1 9 2 3 F A A •117%,
"Ohio. Bnr!. * Q.—Coo.7s.19u: J A .J 117 a. 115 Jaa. 120% June
118% Aug.
03 Fell. 103 Aug. N.V. N. H. A H .—Oon. deb. otf- 4. A O
Debenture, 5s................ 19T MAN 105
140 Mar.
Convertibles#.............. 190. -MA 8 107% 99% Mar. 110% Aug. N .Y .O u t * W.—R ef.4s, g.1992 M A S
99 Aug.
Denver Division4s....... 192; 1' A A 09 b.j 93 Few. 99 S ut.
ConsoL,lst,5s.g.......... 1939 J &D
I l l May
Nebraska Extension. li.lti'j: M A S- 04% i 87% Jan. , 91% -inly N.V.Sus.i W.lstrof.,5a, g.1937 J A J
105 June
■ 122% July
Gen. 5 g ..................... AHii'F A A
Han. A Hi. Joe.—Coss.8a.191 MA 8 , 122 n. 118 Mar.
87 July
Ohio, A E. 111.—1*1,8. f. 6 s.l-.Hi' :J A fl: 113 b, 114 Apr. 115 Apr.
Midland of N. J., 6s, g,..1910:A A O
120% July
Codsol 6g.....................193”. A A O 128 I, 124 Apr. 120% Aug. HNor.AW. Ry.—1st'. e<»n.,..4g.'96 A A O
79% Sept.
Aug
Generalooa*oi..l«t 5s. .193 ;M & N 101% 98% Feb. .102%
'
'
1 No.Paoldo—1st, oonp. 8g.X021 J A ,1 *
12 0 %Juus
Chicago A Erie.-le t, 5g. 198; M A N 111 %a.. 108% May 112 Jari. [ Prior Hen, ry. A l.g. i. g.1097; Q -J
92 %Sept.
Ohle.GasflAC —Ist.bg..19:*' J A J 104%tt,: 93 Jan. lios June i General Hen 3 g............20 17: Q F
S0% Aug.
«Ch. in.!. A 1, - Kef.. ■*., 5s,ill 17 J A J 80 b.; is0 July 83 Aug. No.Paotflo Ter. Oo—6g ...1038-1 * •>
110 Mar.
CWe.Mll.A8A P .~ Coh.7a.190; J .4- J 1*0 b. 128 Jan. 139% Sept. Ohio A Mias.—COtLAf., 78,1898 J A J
106 J une
1st, Southwest Dtv,, 8S..1B01- J A J 110 %b. 115% J an. 1120% J une Ohio Southern—1st, 6*...19; 1 J A fl
90 Jan.
1st, So Minn, fliv., 8s..191. J A .! 118 b. 115% Jan, 120% Juue
16 Aug.
General mortgage. 4 g.,1921 M A N
X*t.C6 APae.W.Dlv.5#..l«21 .1 A J 115 [112 Jan. 117% June Oregonlmpr. Co.—Ist6g.. 19lo,J A 1)
107% Hept.
Cdnsoi., 5 g ...................19311 A A O
Cbio&Mo.Rlv.Dlv.,Ss.. 192* J A .1 115 a. 106% Jan, 113 Juno
1 41% Sept.
Wise. AMinn., fliv .5g... 192) J A J 113 b. llo% Jau. 115 June OraR.ANav,Oo.—Ut. 8g.l90:i I A J
111 Apr.
Terminal, 5g..................1914 .1 A J ........ 110% Jan. 115 June
RR, A Say. consol., 4g.l9*« J A 1)
91% Sept.
Gen, M., 4*., eerieeA__ 1989 .1 A .( 10J%b. 90 Jan. 103% June Oreg. 8b. Lino—1st,6«,g.. 1922 F A A
121 July
1st, eon. 5,. g................1946 J A J
MU. * Nor.-let,(5on..6s.lOl;-:J A fli 120 » 11.8 Jan. 118% Feb.
93% Aug.
■Chiu. & N. Wr-ConeoL.7s.I91f <J-F 143 b 140 Jan. 147 July
Non-euiunl. Inc. A, 6s... 1946 S®I>L
61% Aug.
Coupon, gold, 7s............ 190*. .1 A 1) 118%b. 110 Jau. 121% May Pono. C5o.--4%g,coup...... 1021;J A .1
113% May
Sinking fund, «e............1858 A A O ........... ,114 Jail. 120 Aug. Peo. fleo. A Bvansv.—6 g. 192» A J
104 Feb
Sinkingfun«, 5#............1939'A A O Ill%b. 108% Apr. 113 July
Evans. Division,6 g.....X92*i!M A 8
106 Feb.
Sinking fund,d*l<en.,5*.193:* MA N ll7%b,:I10%Jan. 117% July2d mortage, 5 g............. 1926 M A N
27% Jan.
25-year debenture. Be... 1909 |M & N 100 %b. 106 Jan. tin Apr. Pitts, an. a t.. k. . u t, a g.itmiiA a u
109 Aug.
Extension, 4s................192(1 F A A 105 b.TOl Jan. 106 July Pittsburg A Western—4 g. 19 l;.I A ,1
75 Aug.
Mil. L. 8 b. A W„ let, Og. 1921 M A N ' 135%b. 131 May 135% Aug. Reading Co.—Gen., g. 4. . 1997; J A .1
88% S ept.
Extra. A Imp.. 5g......192» ' A A 115 a . U2 Star, i l l ; Jmy j KiuGr. Weateta—1st 4g..l«3« J a J
80% Aug.
<Silc.B.i.APao.—«*,o«itp.l917 J A J 132 1128% Jaw .131 J*un.- St. 4<1. A Ur. t«L—2 3-4* . 1947 ! A J
68 Aug.
115% Feb.
Extension and ool., S#...1934 J A J 10 0 % 101% Jan. 108 Juna ' ; St. L.A8*nFr.—fig. Cl. B.19o> -HA N,
General mortgage, B g.. 1931 J A .1
30-year debenture, 5#...1921 :M A 8 10,1 b. 93 Jan, 104% Aug.
116%June
128 Jan. 133% May j General, 5 g.......... .
1017S Aug.
Chic. St. P. M. A O. -«e.. 1930 J A 1) 131
193> > A J
**Cli!c. Ter. Ttaae., cite, of prop,; __ __ 45% ; 42% July 45%Aug.
Railroatl, 4 g.................199*1-1 A J
78 Auk.
Oksv. tor. A Wheel_Ml... 1933; A A C> 100 b,: 98 Slay 103 Aug. St. U A SO. W.—1st, is, g. 1989 M A N
70 Aug.
C.C.C.AI.—Con«o!.7g ...I 9 u ; j A fl .......... i 130 J lino 134% May j 2d, 4s, g., income.......... 1989 -1 A .1
31% Aug.
1 2 2 % July
General, «ra#..L, 6 «.... 1934 .1 A J .......... 123% Jan. 127% May 8LP.M.*M.-Dak.Ex.(6g. 11)10 M A N
aaC A St. 1— .et.l.fllv..t«.lfi!«) M A B 9o
?uo Sept. 90%Apr. ! IstooMoL,6 g............1933 3 A J
129 June
Peoria a Eastern, i s . . . , 1940 A A O 81 a.: ao Juue 81 Aug.;
re*luoe*lt<)4% g._ J A J
107-%June
115% Mar. 120 July
95 Aug.
-Ooi. A 9th Ave. gu. 6«, *. ,19»3 M A Hi 118
Montana extension,•t g.1937:3 A fl
h. «3 Feb. 88
—%'J*n. i San-AtU. A A. P.—lst,4g.,gii.'i;i .1 A 3
63 Aug,
-OoLH.VaL*ToL-Oon.,5g.l03I M A .8 75
General. 6 g....... .......... 1904 J A fl 59 a,I 40% Feb. 87 Jan. I So. Car. A Oa.—1 st,5g... 1919”.H it X
95 %Aug.
Oenv.A Hi-.<,r.-l»t,7»tg.l90<; MA N 110% [100% May 113% Apr. I so. Paoiao, Art*, -flg ... 1909 1 (>.1 A J
1st consol., 4 g.............. 1931! .1 A j 8 8 % I 87 %July 90 June! Ho. Paoitlf, 1,‘al. -6 g... 1905-1 A A (.1
”103% Aug,:
MH«Jmi
>.4wiw.ivi.i-*
i«i1st oouwlt., gold, 6 g,....1037 51 A N
92 %Aug.
Dai. A Iron it’gw -1st,-5#.1937!A A O’ 102 %a. «07%
Dul.8o . 6 b, A AtL—5«....1937 J A J 102
98% Jan. 101 Juno h So.Paolffo, N. M.—« g „.19U J A J
106% Aug.
Edison El.lil.—let,con.g.5s.'9*i.f & J ll2 % b . 104%
“ ** Ja
' n . .114%
. . . . .Jun , Sontbern—l . t oon*. g, 5«.190t .1 A J
93 Sept.
88
ay l 05% Feb, i E.Tann.«K>re.Uett4-5#.l»J- M A S
Erie—t, g, prior bonds.... 1996 ! A .1: 02%
91% Aug.
j •. M
“■
General, 3-4, g............. 1»9(. J * .1 72% 63 May 73% Aug.
KT. V. * G .-l.t,7 g....lUOilul A J
111 June
Erie By.—1st, con,. 7*..19>iouM * si 142
Oon. 5 g.....................i».j M ,v N
130% Mar. 144% Au*.
112 Aug.
Georgia Pan, ut5-t%, g., 1.02 .1 * J
119% Aug.
L’g flock, consol., 6 g. 19351.4 A 0 136% 133%Jan- ,130 Mar.
Ft. W. A lien. City.—4-6 g. 1921 J A fl 71% 53 Jan. > 7i %sept, j Knoxv. A Ohio 1st6s,g., 192 >3 A .1
116%,) une
Ga;.H.,ii8 »;>.An ll.Ai’.li. Ut.5 » M A N 88 b. 98 Slay 92 dap*, i Rloh. A Uanv. ooo. 0., g,. 1Ul i.l A .1
124% June
Geo. Electric,deb. .i#,g... 1922 J * fl 100% I 90% Jan [100%Aug. j We.t.No.Carlitoou.os.gi.i! t .1 A J
116% June
79% Jan.
Boo«.*T. Cent. g«n. 4s. g. 1921 A A Cl! 78 : 65% Apr. ; 75 Aug Standard ltopnAT.,1 *f,iig.lo tipF A A
99% Jun. 103 Jan. Xeua. 0”1. A Kj -Ten. fl, 1st, Uic A A *>
Illinois Central.—te.g......1953 M A Nj
88 % Mar.
100% Feb. 105% May : Birmingham 0Mr.,6 g ...l« i; .1 A J
89 Matt
Western Lia«*, 1st, in , g. 1951;V A A 104
InLAGrrat Nor.—lst,U-,.g 1919 M A N. 1x4
117 May ,121 Sept. 11Texas A PMdSo—l.t, 6g. .2<loo .1 A I)
96% Sept.
33% Aug.
2d, 4%-fi........... ......... .19081K A »' 84 !( 73 Jan. j 86 A uk, ii 2d, Inooiae, 5 g ............. 2000 March
108 Feb.
owe Central.—I«t,5g-...103- .1 A- fl 90% 98 Apr. | 99 %Sept, | j Toledo A Ohio Cent. Sg.. 1935.1 A J
Kings Co. Kiev.—l«t. ,g 1925,1 A .1 58 b, 44 Fob. 57% Aug. i ToLfll-L. AKan.0.—«g...lU16 J A fl
180 %Aug.
iAOiedee las.—1 st, 5«.g... 1019 ii—p 101% , 03% J.i:i. ;103% Aug. j Union Paolllo—6g...... .. .1898.1 A .1
105 Fea.
1111% Aug
Late Erie A WaM—5g..„19;«l:.l * i lid b.113%Jan. [U 8 June | Ext, sinking fund, 8...... 18011M At .0
InSfcOrA—Oon.ep., 3«t,7«.lU00 .1 ® j 10V%b.TOj i Aug. ill* June j CoUkMral trust, 4%.....191«'M A N
. ...
153 Aug.
Oooetu. eoap„ 2d, 7s---- l(«o ,1 A fl .......... 119 Jau. 124% Mar.
Coliat. tr. lie, g. notes... 1902 i A A ; 98 , ; 96% Aug. 103 July
Kan. P aa- Den. Dlv., 6 g.l 8 uil M & N *119
113% Jam 119% Aug
Gold, j i-is------ --------- 1997 J A f) 103 %b. 103% sept. 10-1 Juno
167 Jan.
"
lAli. Vai.Ter.—lst.gu., 59.1941 A A Oi U0%b. 100 Apr. H i Aug.
Isteou.oL, 6 g ........... 1019 M & N .......
33 Apr.
Av. APav.F.gn. 5s g 1993 M& 8 118
115% Mar, 120 July li tJ.F.Den.AGttlf,oott,,5 g. 193:) J * fl
110 May
Long Island.-Is! r,on.,5g.t;>31 Q - J U 8% a- 1X3 Ja n . 119 May [I, a. 8. Leather—8, F>deo.6g.l»13 M A N
100 Jau,
General mortgage,**...19381.1 A !>’ 88 b. 76% Jan. 88% Mar. VirginiaMliL-GemAL, 5a 193.; M & N
101% June 107% Jan.
■Inna*. * Nash.—Cons. 7s.. 18518 A & O- l<U%b. 102% Apr. 106% Mar. Wabash—1st, 5 g.™ ........1939 M & N
24 mortgage. Sg---------1939 F A A . . 63% Apr. 81 Sept.
8 ,0 A Mobile, 1st, Bg... 1930 J A J ..........116 Jan. 123 June
“
“
2d. 6*. 1930:3 A .i 107 b. 08% Jan. 107 Auk, WestN. Y.&Fa.—1st, 6g.1937 J A J 106%b.ilO4% Jan. 109%Jnne
50 Feb.
General, 6 *........... ....... 1930 J A D 116%b. 115% Jan. 119% May
Gen. ’2-3-4s, gold_____ 1943 A A O ,1 8 % | 43 May
___________
________ OoLtr.
Unified,tg.....................19 K> J A J 85
78% Jam 85 Sept. Weet.Un.TeL—
5s..1930_ J. A Jj 108 b. 10«%J*n. 109 June
Louis. N. A. *<;h.-lst.e«.luKi ,1 A J 112 b. I l l Jan. 115%.nine Wine Cent. Co. 1st 5s, *. ..1937 J * 3 1 3 8
ifSSB May 140 Mar.
Hotk.—"U” indicate. prlcnM i “a” price asked-, tbe range is made up from sales. *Imtaet prloe this week, t Trust reoelptA {5% priu.pl*

T YOBK STOCK EXCHANGE PRICES—[Contltiaeil],—(N.\OT1VE BONDS—SEPT. 3.
BKUUlUTfKij.

Bid

Ask.

SECURITIES.

SECURITIES,
Bid.
Bid. Ask.
-107%
Brunswick A W’n—1st, g,, 4s.1938
5s, gold.................... ......... 1925 •80 ....... ; Boff.R.& Pitts.—R.&P.lst,8e,1921 ♦ 122 %
Cons, raort., gold, 5s.......... .1988
Rooh. & Pitts,—Cons.lst,69.1922 1 2 1 %
W V;i. A Pitta.—**t,g„ 5s.. 1990 ___
Clear.&Mali.—lst,gu.,g ,5s.l943
n. * o .s. w .,ist, g.,*%»... 1990 .07% ....... i Buff. A Snsqueh.—1st, 5s, g.,1913
Monon. River, lst.g., g, 5s. .1919
Bnrl.Ced.Rap. * No.—1st, 5s. 1906 107%
Oent‘1Ohio Reo .—lst,4%8 1930 *97% — j Consol. * coliat, trust, 5s.. 1934 107
Ak.*0h.Juno.—ist,g,5B,gu,.193U
Minn. * St. L.—1st, 7s, gu.,1927
Brooklyn Elevated—2d, 5s.. 1915 •89
Ced. Rap. I. F. & N„ 1st, 68.1920 104
Seaelde A B. B.—lst.g.Ss.gii
.......
1st. 5».............................1921 104
B ait. A Ohio

Railroad Bonds.
(Slock K stk a n g e Prices,)

Alabama Mid.—1st,g.,gnar..1928
Ateb. Topeka A San Fran.•Ikieago A S t Urn. -1st. 6. 1915
Atlan, & Danv,—1st, g , 5 s. ..1050
AU- A Pan. Wesrerii fliv i.io n In co m e..1910

97

1et, 6s, P a rk B . 1419

THE CHRONICLE.

406

[VOL, LXY

NEW fOBK STOCK EX.CHA.NttE PRICES.—I N A C T I V E BO X D 3 - ( C o n t i n u e d J - S E P T . 3.
P E C U R IT IE 8 ,

Bid.

Ask.

SEC U RITIES.

Bid.

Ask

8 E O U R ITLE 8 .

Bid

Ask

123%)
N. Y . A Northern— ls t .g . 5 s..1927
E rie—(Con.)—
O-Ohlo— Col.A01n.M.lst,4%a.l939
N. Y . Hnso. A W «st.— 2 d ,4% s.l937
81
Let, con., g., f’d, 7 s ---- ------ 1920
0*nt. P P . A Bank.— Col. g.5s.l937 *91
*107
Term
inal,
1st,
g.
5
s
.............’
943
B. W. Y. A E.—1st, 7 s ...........1916
Cent. K y. of Ga.—
93% 94%
W ilk.A East— 1st,gtd.,g.5s.l942
Bnfl. A 8. W.—Mortg. 6 s ....1 9 0 8
1st, pref. lnc‘m e, g., 5s ....1 9 4 5 *38* 39%
fsflerson—1st, go. g 5 s ---- 1909 107
N orthern Pacific—
15
2d, prof, income, g., 5s .....1 9 4 5 *14
St,Paul A N. P — Gen., 6 s..1923 126
O isl A UR, —6s ....................... 1922
8%
3d, prof. income,g., 5s.........1945
Dnoli A Im pt., 1 et 6 s, ouF oy. 1913 105
Norfolk A 8 outh’n— 1st, 5s,g-1941 107
Mao. A Nor. D iv.. 1st, g., 5s 1946
Svans. A T .H .—le t, o o n s.,68.1921 105 110
Norfolk A West.— General, 68.1931 120
Mobile D iv ., 1st, g., 5s....... 1946
New R ive r 1st 6 s . . . . ........... 1932
1st, general, g., 5 s ................ 1942
Cent, ol o j .— Co n \ .de b.,6 s.1908
Im p. A E x t., 6 s . . . . . ........... ..1934
W
t
Vernon
1st
6
s
....................1923
Cent. Pacific—
Col C o n n.A T«r..lst.gu .g 5 s .l922
3nl. Co. B r. 1st, g„ 5s.......... 1930
E x t. g. 5s, series A B C D ..1898 101
E vans. A In d ia n .—1st, c o n s ..1926
SciotoV A N .E — Ist,gu.g.4s.l989 *84
Gold 5s, series E .......... .
.1898 101
115
F lin t A P. M a r a —M ort., 6 s ...1920
Ohio A Miss.— Consol. 7s....... 1898 101
San Joaquin B r., 6 s . . . . . . . . 1900 103
85
®2d
ooubo I. 7s....... ........... ....1911
1st,
con.
gold,
5
s
....................1939
Mort. gold 5s............ - ............1939
83%
77
Spring.D iv.— 1st 7s............... 1905 102 %
Pt. H uron Div.—1st, 5 s __.1939
Land grant, 5s, g.............. ...1900
General
5b.............. ..........1 9 3 2
H
a
.
Cen
A
P
e
n
.—l
s
t
g
.
5
s
....1
9
1
8
Oal. & O. D iv ., ext., g. 5 s...1918
Ohio R ive r R R .— 1st, 5s.......... 1936
103%
1st, 1. g.. e x t. g., 5 s . . . . „ — 1930
West. Pacific— Bonds, 6s------1899
1937
Gen,
g.,5s...............................
.....................
..1
9
4
3
1st
con.
g.,
5
s
to . Kailw ay (Ca'.t— 1st, 6s.1907
60
Omaha A 8t. Louis.— 1st, 4s.. 1937 58
Ft. W. A Rio G r.—1st. g., 3-4S.1928 56%
50-vear 5s..................
1938 *87
Oregon
A
Oalifor—
1st,
5s,
g.1927
Gal.
B
a
r.
A
San
A
nt.—1
s
t,6
s
.1910
Cent. Washington— 1st, g., 68.1938
Oregon Short Line—
2d m ort., 7 s ....................... ...1 9 0 5
Chas. & Sav.— 1st, g., 7s.........1936
Utah A North.— lo t,7 s ......1 9 0 8 117
103 Ga. A Ala., 1st, pref., g. 5 s ...1945
Cfies. A O.— F o r. M. tnnd, 6s.1898
Gold, 5s___ . . . ................1926 100
Ga. Car. A Nor.—1st, gu. 5 s ,g .l9 2 9
Oraig Valley— 1st, g., 5S....1940 96
Penn-P.C.C.
A8t.L.Cn.g.4%sA 1940
H
onsatonlc—Oons.
gold
5s—
1937
Warnr Bpr V a l., 1 at, g. 5 s..1941
Do
do
Series B 1942
N. H aven A D erby, C ons.5s..1918
E liz . L .A Big Bandy—G . 56.1902 "99 Hi i 0 2 '
125
Hons.
A
T
ex.
C.—W
acoAN.7s.1903
Do
do
Series 01942
Cbes. O. A 8o. West.— 1st 6s, g.1911
110 %
Do
ds> Series D , 4b, 1945
1st g., 5s (int. gtd).................1937
Id , 6s........................................1911
P. C. AS. L .-ls t, 0. ,7s ................ 1900
Cons. g. 6 s (Int. g td )............ 1912 106 111
Ob. V .-G e n.e o n .lst,g n .g ,58.1938
.........
Pitts. Ft. W . A 0.— 1st, 7 s...1912 140
D ebent. 6 s, prin. A in t. gtd.1897 100 103
Chicago A Alton— 8. F „ 6s----- 1903 11 2
*100
2d, 7 s ...................................1912 137i«
D
ebent.
4s,
prin.
A
in
t.
gtd.1897
'106%
Louis. A Mo. R ive r— 1st, 7s. 1900
3d, 7s.................................... 1912
Illinois C entral­
Id , 7s....... .......................... 1900 106%
Ch. 8t.L .A P .— 1st,con.5s,g... 1932 115 —
i s t , g „ 4 s . . . .........................1 9 5 1 108
Bt. L . Jacks. A Chic.— 2d, 7s.l898
Clev. A P.— Cons., s. fd „ 7s. 1900 111**
1 st. gold, 3 % s......................... 1951
Miss.R. Bridge— 1st, s. f., 68.1912
Gen. 4%8, g., ‘‘A .............1942
G o l f 4 s................................— 1952
Cbic Bnrl. A N o r— 1st, 6 s....1926 106% 107
......
2-10 g., 4 s ............................... 1904
Do
do
Series B 1942
Ohio. Burling. A Q.— 5s, s. I..1901
Bt. L .V . A T . H — le t,6 s .,7 s .1897
Cairo Bridge—4 s ....................1950
Iow a D iv .— Sink, tuna, 5 s..1919
Bpringf. Div.—Coup., 6 s ---- 1898
2d, gnar., 7s............... ...1898 103
B in l„ g fn n d ,4 s.......... . 1919 100%
—
G d .R .A I.E x t,— 1st,4%s,G.g. 1941
M iddle D iv .-R e g ., 5s.......... 1921
Plain, 4s...................................1921 *93
O. 8t. L. AN. O .-T e n 1.,78.1897
A lleg.Yal.— Gen., gu., 4s, g.1942
Chicago A Iow a D iv .— 5s. ..1905 *104%
N . ACm.Bdg., gen.gu.4%s.g,1945 ....... ” . . .
1st, consol., 7s..................... 1897
Cnlo. A Indiana Coal— 1st 58.1936 1 0 0 %
104
Gold, 5s, c o u p o n ................ 1951
Penn.RR.— 1st real, est g. 4s.l923
Ohl. MU. A Bt.P— 1st,8 s,P .D .1898
Ole, A Mar’ta— lst,gu.g.4%s. 1935 ......... —
Memp. D iv., l s t g . 4 s ....... 1951
2d, 7 8-IO b, P. D ................... 1898 140
D . hiv.R R .A B dg— lst.gu.g.43.’36
Bellv.A 80. 111., gn., g., 4%s 1897 ..... ....
• 1st, 7s, 8 g., R. D ................... 1902 140
Peoria A Peh.U n ion — 1st, 68.1921 1 1 2
Ind. Deo. A (V— 1st, g., os__ 1935
1st, i . A D .,7 s .......................1899 140
90
2d mortg., 4%s...........
1921 80
Ind. His. A Iow a.—1st, g, 4s.. 1939
ls t .C . A M ., 7s.......................1903 140
Pitts. Oleve. A T o l— 1st, 6 s... 1922
1st, I. A D . Extension, 7s. ..1908 140
1st, e x t., g. 5 s....................... 1943
In t, A G. N’n .- 3 d , 4 b, g ....... 1921 " 43 "
Fitts. A L . E r — 2d g. 5s, “ A ” . 1928 ....... .....
1st, La C. A D av., 5s.......... 1919
130 K ings C o.-F .E l.,lst,5,g.,gn.A .1929 *43
45
Pitts. Mo. K . A Y — 1st 6s.......1932
1st, H A D .,7 s .................... 1910
Pitts. Painsv. A F .— 1st, 5 s ...1916 ....... .........
Lake E rie A W est.—2d g., 58.1941 i o m
1st, H A D .,5 s .................... 1910
Pitts. 8hen. A L .E .— lstcon.5s.1943
N orth’n Ohio—1st, gu. g. 58.1945 K O
Chicago A Pacific D iv ., 6 s..1910 118
Pitts. A WeBt— M. 5s, g.1891-1941 ....... —
L. 8 . AM .Son.—B.A E —N e w 7 s .’98 104
Mineral Point D iv. 5s.......... 1910
D et. M. A T.—1st, 7s............. 1906
P itts.Y ’gst’n A A — 1st, 5s,con.l927
O. A L . 8np. D iv., 5s.............1921 •iiT
Rio Grande 80.— 1st, ?., 3-48.1940
la rg o A Booth., 6s, A ss n ...1924 107
L ake Shore—Div. bonds, 7 s .1899 107
Bt. L . A . A T . F .— Term . 5 s ..1914 *105
105 —
tno. conv. sink, fnnd, h s ....l9 1 6 105
K al. All. A G. R . - l s t gn. 58.1938 120
Dakota A G t. Booth.,5 s....1916
M abon’g Coal RR.—1st, 58.1934 120
Believ. A Oar.— 1st, 6 e......... 1923
Mil. A N or. m ainline— 6 s...1910 *ii7% 1 2 1 % LebighV.,N.Y.—1 st gn.g.4% s.l940 100
...
O h i.B t.L.A Ia o.— lst,gd.g.5sl917 101%
C hlo. AN orw .— 30-year deb.5s. 1921 *115
Lehigh V’y Coal—1 st 5s,gu.g. 1933
Bt. Louis 80.— 1st, g f g. 4s. 1931 *88 —
EscsDBba A L . 8. 1st, 6 s .... 1901
Lehigh A N.Y.—1st, gu. g. 48.1945
do
2d income ,5s.1931
D esM . A Minn.— 1st, 7S....1907
E lm iraC. A N ..lst.g .lstp f. 68.1914
Car. A Bhawt— 1st g. 4s___1932 *88
G uar., gold, 5s....................1914
Iowa Midland— 1st, 8s.........1900
St. L . A 8 . F — 2 d 6 s,g., ol. A . 1906 I 14 I3
Cbio. A Milwaukee— 1st, 7s.1898 103
l.ltch f. Car.A W e st—1 st 6 s. g.1916
2d, 6s, g., class C .................. 1906 114 115
128 L ittle Rock A M.—1st, 5 b, g ..l9 3 7 *19
Win. A Bt. F .— 2d, 7s............ 1907
1st, trust, gold 5s.......... .. 1987
MU. A Mad.— 1st, 6s............1905
Long Islan d —
Ft. 8 . A V . B. B g .-ls t , 6 s ...1910 100
Ott. C. F. A Bt. F .— 1st, 5s. 1909 105
1st, 7 s ...................................... 1898 T04%
S t.L.K a n .A S .W .— 1st, g.,6s.1916
Hor’ herr 111.— 1st, 5 s . ..... 1910 105
F erry , 1st, g., 4% s.................1922 91
St. Paul C ity R y, con. 5s, g ... 1937
Gold 4 s.....................................1932
Mil. L . 8.AW .— Con.deb.,5s.1907
Gold 5b, g u a r____ _____ ...1937
Miob. D iv ., 1st, 6s..............1924
Bt. Paul A D uluth— 1st, 5s__ 1931 110
N. Y. A R’way B.—I s t .g . 5 s .1927
Ashland Division— 1st, 6s 1925
42
2d m ortg.. In c .— ...............1927 *35
2d mortgage 5s.......... ........... 1917 104 105
O h .R .I.A P — D .M .A F .D .l at 48.1905
N.Y.B.A5I.B— ls to o n . 5s,g,1935
Bt. Paul Minn A M.— 2d M, 6s.1909
1st, 2%s................................1905
......
M inneap.Union— 1st 6s ... 1922
B rookl’nA M ontauk—lst,6 s,1 9 1 1
Extension, 4s....... ............ 1905
1st, 5 b .......................
1911
Mont. Cen— 1st, gnar., 6 s.. 1937 1 1 7 % .........
Keokuk A Dee M.— 1st,5 e..1923 *104 106
No. 8 hore Br.—1st con.5s,g.l932
1st gnar. g. 5s..................... 1937 106 107
132 L ouis.Evans. A Bt. L.—Con.5s.1939 *35
C h ic .B t.P .A Minn.— 1st,6s.. 1918
40
East. Minn., 1st d iv. 1st 5s 1908
Bt. Pan) A 8. C.— 1st, 6s.......1919 '130 132 Lonls. A N ash.—Cecil. B r. 7 s ..1907 102
W f’u arABiouxF— 1st, g,5 b.1938 107%
Oh'c * W. r„ d .— 1st, s. f., 6 s.l9 1 9
E. H . A Nash.—1st 6 s, g — 1919 *113
Ban Fran. A N . P — 1st, g., 58.1919 101%
Gen. g., 6s ..............................1932 i l 7 ' ii9 %
P ensacoia Division, 6s ....... .1920
8 av.Fl.AWest. —1st, con. g.8s.l934
Chic. A West. Miob.— 5s........ 1921
8 aboard A Roanoke— 1st, 5 s.1926 "9 5 ' 100
Bt. Louis Division, 1 st, 6 s ...1921
01* Bam . A D .— C o n .s .l.,76.1905
2d, 3 s.....................................1980
Seat.L.S.AEast.,lst68,a8st.pdl931
45
Id , gold, 4%s......................... 1937
Southern— A la. Cent., 1st 68.1918
N ashv. A D eca tu r—1 s t,7 s ..1900 *107
Cl” . P . A Tr’r — 1st,gu. 5s,g.l941 109
R. f., 6 s.—8 . A N. A la..............1910
AG . A Char.— Inoome, 6 s. ..1900
C ity A Bob. (Balt.)— lBt, g„ 5s.1922
50-year 5s, g .,......................... 1937 100
Colnm. A Green.— 1st, 5-68.1916 115 116%
C le v .A • « ( o — Eq. A 2d 6s.l930
P ens. A A t.- 1st, 6s, g o ld ...1921 *99
E . Te n n .V . A G a .-D iy ls .5 s 1930 *116
O le v .A C a n .- Tr.ctl8.forlst58.1917 67
Collat. tru s t, 5s, g .................1931
R ich.A Dan.— E q . s. f. g. 5s.1909
80
O.C. C. A Bt. I .-G e n ., g. 4s. . 1993
L.AN. A M.AM.—lB t,g,,4% sl945
Deben. 5s, stamped ......1 9 2 7
99 105
90
Cairo division, 4s.................1939
Y iP a Mid— Serial ser.A, 6 s. 1906
Nash.Flor.AS.—1st, gn., 5 s .1937 *85%
92
Spring. A Col.D lv.— lst,g. 4s. 1940
So.A No.Ala., eon. gn. g., 58.1936 93%
Series B, 6 s . . . . . . . . .............1911
W hlteW .Val.Div.— lst.g. 4s. 1940
K entnoky C entral—4s, g .. 1987 87
Series 0 , 6 s . . . ..................... 1916
Oln.W ab.AM .Dlv.— Ist,g.4s.l991 88
L. AN.—L0U.C.AL.—g. 4% s.l931
Series D , 4-5s ..................... 1921
Oln. I. Bt. L . A O.— 1st,g.,4S.1936 100 102 % Lou.AJefl. Bdge Co.—G u.g,4s. 1945
Series E , 5 s .........................1926
Consol .6 s ............................. 1920
Louisville Ry—1st, oon.,g.,58.1930
SerieB F , 5s.......................... 1931
Cin.8an.ACl.— Con.lst,g.5s,1928 107
M emphis A Chari.—6e, g o ld ..1924
Gen., 5s, guar., stamped .1936
103
Indiana B. A W .— 1st pf.7s.1900 *105
Mexloan Cent. Consol.—4s, g.1911
Wash.O.AW.— 1st cur.gn. 48.1924 *85
Ohio Tnd. A W.— 1stpref. 5s..1938
1st, oons. Income 3s, g .___ 1939
Sunbury A Lew is— 1st, g.,4s.l936
22
Peor. A East.— Income 4s -.1990
M exican N ational—1 s t,g., 6 s .1927
Ter. A s’n of Bt. L — 1st, 4%s.l939
a Col Cin. A Ind.— 1st, 7s,s.f.l899
2 d ,Incom e, 6s, “A " . . . . . ___ 1917
1st, con. g. 5s.............1894-1944
Consol sink, fnnd, 7s.......... 1914
I d , inoome, 6s, “ B ” ..... . . . 1 9 1 7
10 %
8t.L.M er.Br.Term .,g.5s,gu..l930
Cln.APpr.— 1st,C.C.C.AI.7S.1901 109%
M ichigan C entral­
Texas A N e w Orleans— lst.7s.1905 ......... ......
Oleve. Lorain A Wh.— 1st, 58.1933 100
e s .....................................
1909
Banine Division, 1st, 6 s....... 1912
Oleve A Mah. V .— Gold. 5 s...1938
Coupon, 5s............................... 19 3 1 *120
Consol. 5s, g ... . . . . . . . .......1 9 4 3 ■ 93
Col. Mid. 1st. g., 6s. as6tQ___1936
64%
64
M ortgage 4 s .........................1 9 4 0 106
Te x. A Pao., E . D — 1st, g. 6s.l905
T r . otfs., con., 4s................... 1940
13
B atC .A B trgis— Ist,3 s,g .g u .l9 8 9
Th ird Avenue (N .Y )— 1st 5s, 1937
123
Dei. i o i A W .—
Minn. A 1 1. L — 1st, g. 7 s .........1927 141
T . A O .0 — Kan. A M „ Mort. 48.1990
79
Mort. 7s.............
1907
lo w s I xtenslon, 1 s t,7s.......1909
To L Peo. A West— 1st, g., 48.1917 *70
Byra. Bing. A N . Y .— le t, 78.1906
Southw est E x t.—1st, 7s.......1910
Ulster A Del.— 1st,oon.,6.,5s.1928 100 ......
Morris A Essex— 1st, 7s___1914
145
Pacific E x t.—1st, 6 s ............. 1921 * 121 %
Union Paoiflo— 1st, 6 s .............1896 101
•••a
Bonds, 7b. . . ...........
1900 *109% 111% Mo.K. A Tex.—1st, ex t., 5s, g.1 9 4 4
1st, 6 s.......................................1897 101 101%
Ma 17 AH’ Af rx>--- v
0 .n
Ts of 1871............................1901 113
1st, 6s......................................1899 101%
1 st, con., gnar., 7s............ 1915 140
Collateral Tru st, 6s.............. 1908 101 .mmmmm
*64
Warren— 2d, 7 s ................ 1900 109
Dal. A Waco— 1st, 5s, gu.*..1940 80
83
Collateral Trust, 5s___ ....1 9 0 7
83 ......
D .AB .C an.— Pa.Dlv..ooup.7a.l917 144
Missouri Paoiflo— Tru st 5s.. 1917 72% 75
Kansas Paoiflo— 1st 6 s, g . .. 1895 111 .mmmmm
A lbany A Bnsq — 1st, gh.,78.1906
ls to o lL , 5s, g....................... 1920
72% 75
1st, 6 s, g ............................1 8 9 6 115
1st, oons., gnar., 6s.......... 1906
Mobile A Ohio— 1st ext., 6s...1927 *112
O. Br. U P - F . 0., 7s...........1895
50
Bens. A 8ar. 1st soup., 7s.l921 *148%
Bt. L . A Cairo— 4s, guar.......1931 *83
Atch. Ool. A Pao— 1st, 6s...1905 30
vmmmm
Denv. Tram w ay— Cons. 6s, g .1910
Morgan’s La. A T . — 1st, 6 s....1920 116
U . P. L ib . A Ool— 1st,g., 5s. 1918 30
M etrorol. By.— lst.gu. g.6e.l911
1st, 7s...................................... ..
....
Wabash— Debenture, 8er. A . .1939 ______
129
D env. A R. G.— Im p .,g ., 5 s... 1928 85%
Nadi. Chat. A Bt. L . -2 d , 6s..l901 *
30%
Debenture, Series B ............1939
110
Det.M. A M.— L . g. 3%s,eer.A.1911 18
20 N. O. A. No. E .— Pr. 1., g 6s..1915
Det,
A
Ohio.
E
x
t.
1st,
5s,
g
.1940
9
9%
98
Det. A Mack.— 1st lien, 4s,g.. 1995
N . Y . Central.— Deb. g. 4S....1905 i o i * i
Bt L .K .C .A N .— Bt.C.Bdgeos.1908 111
4s, gold.................................... 1995
N. J . Juno— Gnar. 1st, 4 s...1986
15
West
N
.Y
.A
Pa—
Inoome
5
s
..1943
Brie— 1st, ext. g. 4 s ................ 1947 112 113*
Beeoh Creek— 1st, gold, 4 s..1936 10 7 “ 108“ West Va. O. A Pitts— 1st, 68.1911
--.a .
2d, extended, 5s.............. ...1919 120
Osw. A Rome— 2d, 5s, g.,gu.l915
86
W heei.AL.E— 1st. 5s, g o ld ...1926
8d, extended, 4%e......
1923 •114%
Utloa A Bl. Riv.— 4s, g., gu.1922 *ioe% 108%
Wheeling
D
iv.,
1st,
5s,
g
...
1928
4th, extended, 5s.................. 1920
1 2 l" „ N - Y - A P u t .-ls t , g„
fu.1993
Extension
A
Im
p,
g.,
5s.......1930
_________1Q9Q 104
N Y . N. H . A H .— 1st.rev I s 1903
....... 1 WIs. Cent, income 5 s ..... ..1937
4%
7%
Bo price F rid a y; these are th e ja te st quotations made this week. F o r ’l i.c e U a u e o a * B o n d a -B e e 3d page preoeding.

1.

Is.

September 4, iswT.|

THE CHRONICLE.

Im ie s tm e n t
AHD

407
L atest Gross E arnings.

Week or Mo

1897.

1896.

$

$

1 to L atest D ata.
1897. j 1896.

Jan .

$
Ind. 111. * Iowa. June.......
52,509 52,863 393,072 401,964
In,&GtNoitb.’B 3dwk Aug. 59,715
58,509 1,936.549 1,811,870
Unteroe. (Max.) WkAug.1’4 51,900 46.540
1,396,627
Iowa Central... 3ftwk Aug. 39,507 26.377 1.615.663
996,046 1,111,927
Iron Railway... July.........
2,237
3,716
20,250
28,041
Jaok.
T.
&
K.
W.
July.........
20,179
RA ILR OAD EA RN ING S.
22,329 185,490 192,556
Kanawha <&Mleb 3dwk Aug. 10,170
8.563
325.647
292,332
The following table shows the gross earnings of every iC.C.F.Scott AM. Sdwfe Aug. 90,565 74,698 2,797,849 2,623,101
20,239
steam railroad from which regular weekly or monthly returns K.C.Mem. ABlr. ;3dwkAug.
19,071
673,495
C. It. W--- July..........
21.932 23,838 711,365
186,200
can be obtained. The first two columns of figures give the Kan.
148,095
Kan,Oity iO m . 3dwk Aug.
6 .092
1,999 135,477
60,793
gross earnings for the latest week or month, and the last two K.
C. Pitts. iC i.. tthwk Aug 76,611
26,564 1,344,987 511,037
columns the earnings for the period from January 1 to and Kan.C,Sub. Belt 4tbwk Aug IS,146 13,534 310,075 227.230
Keokuk & West. 3d«k Aug.
10.521
7.137 245.187 248.794
Including such latest week or month.
Erie All <&So. July .......
3,513
3,741
37,852
3-1,281
The returns o f the street railways are brought together sep­ L.
K Erie & West, ithwk Aug 113,372 86,424 2.229.664 2,248,556
arate y on a subsequent page.
Lehigh & Hud.- July.........
36,011 32,679 200,625 227,621
Lehigh VaLRR. j uiv......... 1.607,170 1.728,037
L atest Gross M orning #.
j Jan. 1 to Latest Date, Leh. V. Coal Co. July......... 1,455,761 1,330,850
Bo ins.
Lcx’gtonAEast Ju n e.......
18,849
19,655 104,812
107,166
WeekorUo: 1897. j 1890. I 1897.
Long Island.... July......... 507,028 513,668 2,167,970 2,178,912
1896.
Loa Aug. Term, July.........
11,419
3,148
51,168
53,215
*
#
Louis. Ev.&St-L j2dwk Aug. 30,355 32,922 855,748 922,885
8
8
Adirondack...... Ju n e.........r 13,232 15,030
100.331'
90.029 Leu. £1. & St. L.. 3dwk Aug. 11,211 10.378 287.214 291,646
Ala. Gt, South., 3dwk Aug., 30,958 28,319' 971,273 888,218 LouIsv.&Nashv.jdwk Aug. 399,990 875.600 12,768,035 12,373,780
Ala. Midland ... May.........
55,568 45,665 285,183 251,100 Macon A Blrm.. jJ uly.........!
4,856
3,850
32,673
31,980
.Ala. N, O.Tax. & Pae, Jane.;
Manistlque........ July.........: 15.879
13.533
70,197
79,638
----------------------24.68
3 20,921
N Orl. A N. E- Merit Aug 21,000. 17,000! 710,117 712,057 MemohlaAChas
3dwk Aug,
815,736
717,948
Ala. it Vlokab. lxtwk Aug
9.000
3,009 321,380 295,596 TMexlcan Gent.. 3dwk Auto 216,976 186,702 8,194,202 6,245,326
Vleks.Sh.AP Istwk Aug
6.000:
6,000
290.301 294.383 Mexican Inter’!. May
i 240.864
1,283,129 1,186,726
Allegheny VaL. July........ 818,081 201,818’ 1,369,810 1,355,903 Alex. National. ;kt*k Aug. 104,808 252,858
82,697 3,766,813 8,047,059
811,809 772,332 ilex. Northern. June. 'J 35,405 70,191
Ann Arbor....... 4thwk Aug 10,391
33.632!
307.214 417,873
Ark. Midland. .. Juni-.......
8,302
6,711
11,157
12.513 :.Mexican R’way WkAug.*. 1 78.000 59,000 2,323,992 1,864,574
Atch. T, A 8. Fa J an® ......... 2,442,052 2,118,771 1 4,43.,060 13,590,232 1 MexieanSo...... gdwk Aug!
13,650
10,162
149,031 327,121
Atlanta & Char, June
120,985 102,069
903,939
896,310
43,076 38,615 1,201,609 1 .164,340
m:.aLP.
2lp
m
T l«- 66,547
Atlanta & W. P.iJune,.......
37,759 31.745' 261,033
M, r3t!w k Aui?.f
..........
241,017- M
58,430
2,121,560
2.177,447
Allan. AI>sus,..3dwk Aug.
10,590
9,991
335.973
336.61 3 Mo-Lan i Tex. 3dwk Aug.! 283,393 215,135 6,356,128 6,623,190
Atlantic A Pao Mar ....... 317,616 329,663 1,« 2 5 .3 i9 1,462,486
Mo.Pao.A-lrimM n.iwk Aug. 504,006 399,001) 13,951,000 13,270,701
9,109 28,084
Austin
June.........
.......
84,320!
120,818 i Central Brioh. 3dwk Aug, 28.00
13,00)1 648,000 444,258
Balt.Clie*:.AAtL April.......
32.700 35,553
J » J 1 .......idv.h Aug. 532.00: 414,00') 14.599.00o 13,714,959
Balt. A O hio ...... July ....... 2,180.20"
180.207 2,188/294 14,24*077 la.tiiolliil Mobile* Blrnt.. 3.iwk Aug.
1,902
5,750; 187,613 167,737
-B»L4 0 . 8ou'«.:3<l«rk Aeg. 133.062 129,040 3.881.063 :i,62ijn5 Mobile * Ohio . July.
. __
___1 268,260 2,176,474
299,14
1,993,491
Bath A Ham’ods Ju n e__
1/586
, sue
,
10,181
10,391 Mont-&Mex.Gif:June....... , 102,S01
1,133
97,544
882,812 574,420
Sir. A Atlantic. July........
1.59*
1,432
12.013
11,839 Nash.Ch.A-3t. L ’Juiy ....... 480,277 418,608; 3,03o,378 2,857,565
-Britnsw'kAWe»t May.........
47,192 32.744
224.910 239,775 Net. A Ft.Sh’p'o juuo ... . '
72,307
Buff. Hoeh.AFltt!!3dwk Aug. * *;»!.<'it
67,037 2,082,568 2,057,247 NevadaOentralMay
, ’‘slow I
13,643
’£2/309
Baffttb) A Sum , . July.
*1-573 320.568 272,080 N.Y. C. & H. R.. July. 3,057.753
50/559;
24,022,053
Bor.O. 8»!i,A X.'JSdwk Aui.-,’ 09.290 74,9iO 2,412,221 2,619,722 N T. Out. A- W.. JOwk Aug’:* 89.683 3.485,488:24,840,178
88,4531
2,438,47
3
2,394,027
OaaadlaaPaold® ifciwfc Aug. 505,0011 403,000''13,310,690 12,228,229
- ■J«iy.........
197,187 198,7,08 1.206,687 1,230,733
Oar. Midland... July.,... .
5.418
West
wk Aug.: 217,310
7,493!
29,037
29,833 Norfolk * u-sv
208,434 6,705,150 7,098,494
Cans, of Georgia 3dwk Aug.: 83,849 875691
3.K3....... 2,9 0.291 3,011,413 Norths** n (Ga.). May .
3.313
23,803
25,183
Oentral of N .J. July... ... 1,239,1337,19»/m0 6,766,031! 6,911.051 N jrtiies’u <8. G.i M arch........ : 05,016
54,08-i 170,305
168,919
Osntral PaelBe. Ju n e....... 1,047,1 U ■l,051,765' 5.815,471 5,620,962 Tiortli n Central July......... 517,690 493,163;
3.574.087 3,44 8,791
OukrlwruASav. May.........
S3,356 50^86! 298,497 273.914 North n Paclllc. Jdwk Aug. 407,936
1
411,336 10,587,528 10,800,443
Char. A W. Car. March......
'9,561 73,421 241,198 234,317 Oconee At West. .;»« * '
2,834
17,133
2.605
16,767
Ghee. A Ohio----3dwk Aug. 223.165 18828901 7,001.560: 6,151,346 Ohio River....... 3dwk Aug.
23,031 22,013 561,476 617,2)7
s
^lc.B ur.A O ul July ...... 3,013.958 2,753.350 l»'984,'906 tH/ii.V468 , OhioRlv.AOhaa j j ”
12.046
11,119
89,810
89,110
43.948 61,973 358,237 435,973
“ L 9dwk Aug ! 71,891 70,770! 2JJ98.079 2,399,181 OdloSouihern.. ,i„ty.........
OWa G t West’ll 3dirk AUK. 118,005. 97,620 2,970,990 2,891924 . Oregon Iiup,c>°. j „n e ....... ; 3 n ,008 273,816
1,608,597 1,587.241
Chlo. Ind. A I,.. 3dwk Aug. 71,180 56,914
! Oreg.RB,*Nav. j„ iy, ...... , 43 1,13 0 377,473 2,407,817
2,307,633
^lo,Mil.ASt.P, lti,wk Atig 973,830 865,080 19,21-',188 19,684.090 grof- 8K L ue.. Ju n e....... 586,479 498,303 2,706,005 2,558,032
»• July-....... 2,814,013 2,835,232 17,260,822 14.34-J199 I PaclUo Mail.. July......... 33U.057 292,245 2,619.180 2,282.431
ChIO.Peo.A0tI-July.........
53.719 69,241 451/67 519,013 1 Penuayivama,, j U|} ....... 5.480.305
35069,970 35,563.870
u n ialt'rl.A P .. Au. t - t . . 1,783.765 t,4o7.»S3 10.07.4,751 9,817,303 Pi-onaOre.Atv. :j,lwk Aug.! 22,337 5,258.595
i 8,009 560,439 535,403
Chl«.3t.P3LftO July
647,113
4.I*>3/Hi l,085,3ou
......del.'.......
43.358
43,083
350,070 345,348
Chtc.Ter Tr.RK. July...... . J 81,968 594,370
.........
! dH *■ t ij riB*/' ’ J uno....... 373,555 369,198 1,864,107
1,917,873
Chle. A W. Mich. 3dwk Aug. 33.01
ARead-..,jlUy.........1,010,593 1,752,813 11,343,852 11,569.818
36,911:
972,919 073,6*21 PU1U.
Choc. OKA Golf July____ 102,357 65,010 884,490 558,752 | Coal A Ir. Oo . j my....... 2 075 738 2 028 205 11,141,409 12,401 198
g*.S*. A Port*. March.....
*,15il
4,721
12.04 Tot both Co'» July........ 3 992.353 3,781,018 22,485,261 23,973,816
13,580
«a.J»0k.A M»<‘. IstwkMa;
12,08*
11,378 233.360 239,46.0 1
K Ju n e........
56 851
61,780 287,857 327,801
Cln.N.0. *T . P Ju:y........ 312,602 378,744 2,031,930 1,029,127 £?11*1T8f“ A®
June........! 750,817 7»2,417
Clev Can.Ai" 34wk Ang. 10,337 14,617 386,2!>9 433,013 PI|IM}a(XAdU**-July
t,171,<45
1,244,501
8,009,418 8,498,898
<Jypl».C&. AHU. 3dwk .Vue. 293,718.
8,335.0*0
2.475
3.442
25.313
24 050
Peo. A Em F r . June ........ 129.3H 151,190 787,735 8.186.244
PltU.Mei. ALi., Ju n e .......
870.107
54,320
205,4 90 301.977
53
450
OLLor. A When). 34wk Aug. 2-1,365 24,557 757.301
881,206 t'HUh. .* W*» U -3,twk Ann
32,44
l
35,215
1,024,532
1,120,910
W - MldUad....' July......... 14.5/40? 143,904 038.649 1,091-538 , Pjtu.n.AToL Mwk Aug!
18,447 13,042 525,103 508.788
Col £1. V, A TqL August .. 147.432 100,597
1,024,435 : Pitu Pa. AF.jsdwk Aug,
7,966 208,605 242.564
10.389
CoLARedMottiitiJutie.......
8JJ80!
Total
*y*tem.
;wwk
Aug.
61,995
54,052 1,758,440 1,872 292
0-1,051
got Band’jr A H. 3 »ks J ua® 46,964 4<M)2H 348,874 34K9O0 Pitt.Vyuitg..v A Jnsv
152,871
748,730 855.059
102,491
Oolusa A Lake.. July....... .
g.is;,
1,791
10,955
27.440 25,391
7,691 i ijulncy o.as K,Ct Jufi- ’
171,776 172,510
<fry*ta!............ June.........
1,215
1,054
Kioh-iVksh AP.:ju,io
6,241;
5.688;
74,007
06,182
372.347
386,083
Oimb'Pd VaU«y June.......
82.786 78.431 360.225 390.598 Rich.* Petersb July
20,463 31,034 205,372 2 1 0 ,0 2 2
DouvvA RloGr tthwk Aug1 222,100 195,00*) 4/536,030 4,701,553
Rio
fir.
South*
u.
3<Iwk
Aug.
11,116
7
377
228
247
287,498
Dm M. A han.fi j.i,* A„g.
.-.hmu
93,433
2,097
71.104 Rio Gride Went •idwk Aug,
65,000 40,300 1,643,895
July........
34,633 36,170
250,073 8t.Jos.AGr. I... Ithwk Aug 31,200 15,71/0 098.203 1,443,468
410,858
Dot, G.Rap.A W. 34wk Aug.: 29,190 27,546 337,603
M.L Ch.A- 04. P.!May...... *
773,237
719,736
j
22,057 22,036
1)7,818
114,219
Let. A Li ma No. ;.tdwk An*.
7,206
8tL.Ken'etA8o.tj uly
3,945
6.120
31,113
D«t-A Maoklnac June.......
50,440 '38/8)7
258,402 StL.ASan Ftaa.|July
528,490 489,069 3,400,893 3.407,725
DuluthSAAAC 3dwk Aae. 30,063 37,362 970,940 1,337,126
St-L-Southwest..;j,ik Aug.
83,086 75/133 2,626,162
melnJos.AKa*-. Jtii®
90.6" i 95,739 655,428! 754.718 S t Paid A DuJ..|juiy
S 125.551 132,130 701,772 2,742.203
757,060
Srt®.......... .
July
San Ant A A. p j
•
*2,860,894
2,635/533;
n,747,«KI3
17,300,530
125,895
130,033 903,148 815,884
EurekaSprinrs. June...... " 4.676
5,520!
2 8 ,0 0 1
30,013 SanFrau. AN.P.ijuiy
73,173 422,313 415.400
87
084
■ v au .A fa d * p u * M ark Aug.
6,593
7.289; 172,321 187,705 Saf, Fla.A West May
278,243 259,133 1,408,321 1,441,976
Jvani. a t m a . . :i«iwk Aug..1 1,396
2,451!
51,713
73,551 Soab’rtlAu-Uno April .
303.328, 270,810
|t» M t,* T , U. Jilwk Aug
25,122: 22.034 655,700
609,318 senb’d A R’ttka J u ly .......
05,271 59,001
628,001 3/W i.l*<>~ 3.521,-307 Bber.shrev.A8o, lull wkJuiy
5,358 141 308 138 503
5,841;
fltek A F.Marij. Mark Aug. ’ 52,381
---46,919
1,688,930
1.077,744
SU.8prs.O.
AG.
May
.
.
.
86,925
22,915 24,504
90,215
PWCentA Pen. 3,1wk Aug. 33,823 32,309 1,558.551 1,406,445 Sllverton ....... July
6 532
6,021
5, thA Den. 3 . 1 wk Aug. 20,701
’11,878
' ova 683,37s 546,204 8o.HavenA£aet!Julv
3,230
2,894
13,681
12,025
F t W, A Rio Or. 3d wk Aug.
5,623
3,952
174,290 177,161 So.Paoldc Co.- j
a*df, & A lt 0. July .
723
930
5,103
GaLHar.AS.A Ju n e....... 340,278 337,4*21 2,150,852 2,382,955
6,362
GeorgiaRR..... Mwk Aug.! 24,349 22,328
902,815;
Louls'a. West. J u n e .......
72,544 55,354
483 04n 431.230
Georgia* Ala.. Mwk Aug. 20 ,011. 18,279 035,811 858,191
471,235
Morgan'iJ.AX. Juno ...... 388,410 319,112 2,405,277 2,300,855
Ga. Car’ia A No July.......
T&'MYT
57,031;
N.Y.T. AMexyjune......
491,7311 426,035
19 953 14,487 130,701
95 518
geo. so .* Ha.. Ju ly .;;;;;;
Tex. A N. Gri.. (June....... 118,874 92.278 753,159 633.024
80.503* 483,519 505,804
Gr.fSao.Alad ;j,lwk trig. 41,060
4.1,826! 1,191,8601 1,203,316
Atl. Prop'teu.ejime........ 943,522 823.407 6,071,589 5,912.362
Cta. K, * F t W '3d wk Aug.
8,07*1
7,970 245,510 263,779
Paolflc ayetem J« M ....... 2,020.001 2.518,035 14 840.808 14.780,066
Traverse Ci ty. ,3,1 w)t Aug.
881
1,025
21.225
31,688
Total of nil./June....... 3,760.277 3.564,969 22,410,628 22,200,036
Mas. G.R. A i. 3dwk Aug.
2*407
2,356
80,309
69,250
746 224 731,270 4,500,161 4,807,788
8o.Pao.of
Cal.i.fun®. .
„ Tot.ai!lSae» i-lwg A-:g
52,511
53,177 1,533,045 1,639,002 Bo.I’ao.ofArlz. Ju n e ....... 190,989 100,710 1,253,086 1,168,143
Grand rnink.. 3*1wk Aug. 490,042 467,412 11,563,252 11,340,335
8o.PttO.tfitN.5I.
Juno
111,784 87.152 687,789 588.823
Chle. AGr.Tf j.Mwk Aug. 04,074 55,719 1,078,038. 2,002,270
Northern Ry. Ju n e....... 170,159 172,501 903,920 950,910
DetGr.II.AM. ,3dwk Aug. 22,335 20,451
603,267; 573,691 f°Uthern Ry ... gdwk Aug. 358,812 343.348 11,778,720 11,207,693
Cto.Mf^Maa.Mwk Aug.- 2,152
2,215'
81,995 Bpok-l'ls ANor. June ......
70,39057,621 41,752 310,0441 187,800
Tol.S. AMoak ,3dwk Ang.
2,343
47,023 8tonyCl.AC.Mt. Juno.......
2 ,1«S
65,614
4,156
9 813
3,780
11,459
Great Nortti’n- i
Summit Branch, May
66,310 79,282 333,80 it 404,815
P M. A U July........ 1,447,0 0 2 1 ,370/169 7,575,012| 7,639,976
Lyk.Vttl.Cgal. May.........
60,881
67,040
830,049
370.627
Eaatof aCtm,. .Lily. ...... 105A89 161,9 10
835,550! 017,478 Tot 1both Co*? July.........
141,672 947,139 1,004,049
Kon fatiaOaj*. ’.July........ 166,228 168.225 1,127,587! 1,118,232 Texas Central., isdwk Aug. 140,541
3 410 134,604' 138,571
4,184
9,675,686 Texas & Pacific. 3dwk Aug. 118,077 100,191! 3,851.719, 3,646,850
9,533,155:
a n £ ' K * * Z Z a- r" '“ ....... 1.778/819 1,700,710
O-lfB mntAK.C. July.........
12,101
9.276
48,562 T11X.S.V.& JT.W. May......f.
70,043
2,50x
13. L>0
2,085
12.020
GMl A Ohioago July .......
2.0S1
2,4*17
21,004 Tol. AOhioCent. -Ithwk Aug 29,247 41,4.921 1,019,605 1,155,766
23,540
H<)*>a.Tnn,Awit J u n e ......
5,054
4,945
28,117 Tol. P. & West,. Jilwk Aug.
24,399
17,410
547.713!
22,153
609,014
Hous.ATet.Oen
June....... 170,70. 184,681 1,324,860 1,309,704 m a t L .* K.C. 3d wk Aug.
.
.............................
52,144 51,797 1,873,281 1,208,502
■ ............................... '
'
U 5 ’L,..7l* Union PaoMc—
t a d . W e s t iwki.Ang.
33.280 26,620
Union P.RR. . June ...... 1,259,188 1.128.094' 6.723.2X5 6.101.009

R a ilr o a d in te llig e n c e .

408

THE CHRONICLE
L a te s t Gross E a r n in g s .

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

R oad s.

Week o r Mo

1897.

1896.

1897.

1896.

U n.P ac.—(C<m.)|
9
648,000
iC e n t.B ra n e h o 3 d w k Aug.
28,0001 15,000
444,324
Ach.Coi.A P . ) .
145,612
209,799
82,146!
25,217
A o h .J.C .* W { J m i e .........
339,323
478,690
C e n .B r.A L 'd L Ju n o .........
70,864
57,443
7,130,585
G P d to t a l .-c J u n e ......... 1,455.847 1,296,264 8,001,492
U n .F .D en .* G .. [3ilwk Aug.
67.187
56,339 2,057,003 1,848,292
W ab ash ..............14thw k Aug
407,121 334,290 7,581,1 >0 7,937.954
104,296
97,519
12,136
W a c o & N o rth w .'J u n e .........
13,006
W. Je rs e y ASea’e 'J u ly ........... 334,173 379,829 1,361,302 1,449,021
455,772
472.875
W .V .C en.& Pitts M ay...........
98,247
98,155
156,750
151,766
33.824
36,888
W estVa.A P l i t s .:M ay...........
257,247
300,653
W estern of A la. J u n e .........
43,484
39,710!
W est. N .y .& P a .'3 d w k Aug.
06,600
73,400 1,751.065 1,854,592
858,335
613,919
17,589
24,956
W heel. & L. E rie 3dw k Aug.
186,484
186,696
WU. Col. & A u g . [M arob.......
56,180
52,869
95,2* 6 2,656.785 2,737,994
W isconsin C e n t.3 d w k Aug.
96,220
44,768
38,935
5,826
5,045
W rlg h tsy .A T e n .lJu n e .........
31,057
30,375
Y ork S o u th ern . IJ u n e .........
5.231
5,529
* F ig u res given do n o t in clu de Oregon Ry. & N av., Un. P ae. D e n v e r*
G ulf, D en v er LeadvUle & G unnison, M ontana Union an d L eavenw orth
T opeka & S o u thw estern, a These figures Include re su lts on leased lines.
■ 6 In clu d es earn in g s from ferries, etc., n o t given se p ara te ly , t Mexioan cu rre n cy , c In clu d es only h a lf of lin e s in which U nion Pacific has
a h alf in terest.
d In clu des o p eratio n s of Jthe Ohio. B u rlin g to n & N orthern in both
years.
4 Covers re su lts of lines d ire c tly o p erated e a s t o t P ittsb u rg .
t In clu d es St. L ouis A lton & T erre H a u te for all periods; beginning
w ith Ju ly , C hesapeake Ohio * S o u th w estern is also included, b u t for
th is y e a r only.

Latest Gross Earnings by Weeks.—The latest weekly earn
ings in the foregoing are separately summed up as follows:
For the third week of August our final statement covers
81 roads, and shows IS1!? per cent increase in the aggregate
over the same week last year,
HJSJh

3 d w eek o f A u g u s t.
P reviously r e p ’d<49 r ’ds)
Burl. Ced. Ran. A N o itb .
Ohloasro* W est Mtchiyai
Clev. Canton & S o n th 'n ..
Olev. O n . Chic. A 8t. L .
Des Moines A K an. City.
D et. Gd. R apids A West.
D uluth Ho. 8hor* & A t)..
F lin t * P ore M arq u ette.
F la Cent. & P en in su lar.
F t.W o rth & D enver City.
F t. W orth A Rio G ian d e.
Chic. A G rand T ru n k ..

K an . City F t. 8. * Mein..
K an. City Mem. A Birm .
K ansas City & O m aha ...
L ouisville H end.A 8 t.L ..
M em phis & C h arlesto n ..
Mobile & B irm in g h am ...
N o rth ern Pacific.
Rio G rande S o u th ern __
Toledo P eo ria & W est’n .
lln . Pao. D en. A G ulf__
W estern N. Y. A P e n n ...
T otal (81 r o a d s ) ____
Net in crease (12*17 p. o.l

1897.

1896.

$
s
5,418,211 4,768,500
10,590
9,991
98,299
78,940
33,042
36,911
10,557
14,617
293.716
258,683
2,097
2,896
29,190
27,546
36,063
37,362
46,919
52,38)
33,623
32,369
28,708
11,878
5,623
3,952
24.349
22,32®
490,012
467,412
64,074
55,719
22,335
20,454
2,152
2,215
2,342
2,168
90,565
74,698
20,239
19.071
6,092
1,999
10.521
7,137
11,211
10,378
24,6*3
20.921
5,750
4,902
247,310
206,434
407,936
411,336
7,377
11,116
4,184
3,416
22,155
17,410
67,187
56:339
66,600
73,400
7,649,155! 6,819,475

In crea se.

$
672,56f
599
19,359
35,033
799
1,644
5,462
1,254
16.830
1,671
2,021
22,630
8,355
1,881

D ecrease.

*
22,863
3,869
4,060

1,299

63

174
15,867
1,168
4,0y3
3,384
833
3,762
40,876
768
■ 4,745
10,848
876,621
829,680

848
3,400
3,739

6,800
46,941

Net Earnings Monthly to Latest Oates — T h e t a b l e f o llo w ing s h o w s t h e g r o s s a n d n e t e a r n i n g s o f S t e a m r a i l r o a d s
reported this week. A full detailed statement, including all
roads from which monthly returns can be obtained, is given
once a month in these columns, and the latest statement of
this kind will be found in the Chronicle of August 21,1897.
The next will appear in the issue of Sepiember 18, 1897.
tiroes E a r n in g s . ---- ------ Net Earnings.----- -

1897.
R o a d s.

1896.

100,414
104,182
Ann A rb o r................. J u ly
729,423
674,506
iJ a n . 1 to J u ly 3 1 ___
8,302
6,744
A rk an sas M idland.. Ju n e
44,467
42,543
J a n . 1 to J u n e 3 0 ___
C anadian P a o lflo .a ..Ju ly 2,107,002 1,803,575
J a n . 1 to Ju ly 3 1 ....1 1 ,8 1 9 ,6 9 6 10,955.228
Ches. & O b l o .a ...... Ju ly
957,700
840,053
J a n . 1 to J u ly 3 1 . . . . 6,307,351 5,856,716
Ohio. B url.& Q uin..b. J u ly 3,043,058 2,753,350
J a n . 1 to Ju ly 3 1 .....1 9 ,9 8 4 ,9 0 6 18,345,468
Chic.Tcrm .TranBf’r.jE t’y
84,968
65,010
Chootaw Okla. * G -.J u ly
102,557
558,752
J a n . 1 to J u ly 3 1 ___
584,498
771,694
Nov. 1 to Ju ly 3 1 . . . .
842,223
622,437
698,376
D e n .* R. G rande, b .. Ju ly
Ja n . 1 to Ju ly 3 1 .... 3,874,030 4,091,353
E r.e ....... ..................J u ly 2,850,894 2,635,533
Ja n . 1 to Ju ly 3 1 ....1 7 ,7 4 7 ,0 0 3 17,366,536
97,633 1 08,148
F t. W. * D env. C ity..Ju!y
590,255:7X 498,225
J a n . 1 to J u ly 3 1---74,069
82,627
G eorgia * A lab 'a__ Ju ly
579.268
417,299
Ja n . 1 to Ju ly 3 1 . . . .
133,817
120,951
Io w a C e n tra l.b .
Ju ly
883,928 1,024,384
Ja n . 1 to J u ly 3 1 . . . .
L ehigh Valley (in N. Y.>—
1!209,464
1,262,659
(Apr. 1 to Ju n e 3 0__
J a n . 1 to J n n e 3 0 ___ 2,330,040 2,363,905

1897.

1896.

[V ol . LXV

--- Gross learnings.—

--- Net B a m x n g t --1897.
1896
1897.
18P6.
$
4
w
Leliieh Valley R R ...J n ly 1,607,170 1,728,037
448,815
437,91®
Deo. 1 to J u ly 31 — 11,301,0^2 11,805.220 2,200,114 2,1 5 3 ,4 3 7
L ehigh Val. Coal C o.July 1,455,761 1,336,850
29,060
52 961
D e o .l to J u ly 3 1 .... 9,293.599 9,787,224 df.262,376 (lf.562,039
Loulsv. A N a s h v .b ..J u ly 1,795,457 1,627,601
627 716
499,999
Ja u . 1 to Ju ly 3 1 ....1 1 ,5 6 4 ,1 9 5 11,298,230 3,62
-------2,685
-- " ------3 ,5 0 1 ,0 6 3
M exloan C e n tra ).... J u ly
953,665
858,610 -253,309
315,334
Ja n . 1 to Ju ly 3 1 .... 7,521.418 5,694,398 2,444,825 2 ,0 2 9 ,7 1 0
M exican N o rth e rn ..J u n e
35,465
20,400
70,194
40,299
307,214
417,873
J a n . 1 to J u n e 3 0 ___
172,177
224,5 56
J u ly 1 to J u n e 3 0 ....
603,553
764,304
326,964
4 14,498
179.487
M inn. 8t. L o u is .a ..J u ly
179,487
157.638
58,642
53,842
Ja n . 1 to Ju ly 3 1 .... 1,088 836 1,054,915
373,632
3 6 8,187
299,144
Mobile A Ohio......... Ju ly
299,144
268,260
88,701
79,357
J a n . 1 to J u ly 31....... 2,176,474 1,993,491
616,764
5 85,809
N. Y .O nt. & W e s t.a .J u ly
407,986
396,322
147,570
147,812
J a n . 1 to Ju ly 31....... 2,175,683 2,128,430
564,959
571,544
Oregon RR. & N a v ..J u ly
431,131 377,473
189,163
124,915
Ja n . 1 to Ju ly 3 1 ....
2,407,618 2,307,633
832,711
Pacific M ail................ Ju ly
330,057 292,245
5,197
20,927
jJa n . 1 to Ju ly 31 . . .
2,619.180 2,282,413
529,848
332,311
529,848
May 1 to J u ly 3 1 ....
1,079,838 964,550
222,659
141,353
222,659
P en n sy lv a n ia—i
Lines d irectly O p e r a t e d E ast of P itts. A E.. July 5,480*895 5,258,595 1,811,731 1,462,631
Ja n . I to Ju ly 31. .35,069,970 35,563,870 10,293,187 8.975,187
W estof P itts.& E .. Ju ly Dec. 160,800
Dec.
75 ,1 0 0
J a n . 1 to Ju ly 3 1 ..
D ec.1,111,300
In c . 144,200
Phila. & R eading.......J u ly 1,916.595 1,752,813
849,375
7 43,374
J a n . 1 to Ju ly 3 1 ....1 1 ,3 4 3 .8 5 2 11,569,618 4,608,952 4,701,875
Dec. 1 to Ju ly 3 1 ..-.1 3 ,0 5 4 ,5 3 8 13,407,520 5,392,999 5,467,291
Coal & Iro n Co....... J u ly 2,075,758 2,028,205
160.444
66,776
|J a n . 1 to Ju ly 3 1 ....1 1 ,1 4 1 ,4 0 9 12,404,198 df.406,004 df.20~i',316
D e o .l to Ju ly 3 1 .... 12.912,108 14,620,557 df.487,597 df.438,287
T o ta l both Co’s.......Ju ly 3,992,353 3,781,018 1,009,819
8 1 0 ,1 5 0
J a n . 1 to J u ly 3 1 ....2 2 .4 8 5 ,2 6 1 23.973,816 4,202,948 4.500,559
Dec. 1 to Ju ly 3 1 ....2 5 ,9 6 6 ,6 4 6 28,028,077 4,905,402 5,029,004
R eading C om pany..July
...................................
31,362
3 1 ,3 6 2
{Dec. 1 to J u ly 3 1 ...............................................
223,073
223,073
T otal all Com p an ’s J u ly
......... .
............. 1,041,181
841,512
Dec. 1 to J u ly 31........................
5,128,475 5,252,077
Rio G r’nde 8 o u th .. b. J u ly
31,770
38,683
10,332
15,128
J a n . 1 to Ju ly 3 1 ....
207,308
258,342
77,812
97,046
8t. Jos. A Gd, Isl b .J u ly
84,379
58,472
30,533
15,918
Ja n . 1 to J u ly 3 1 ....
587,503
346,677
203,459
60,57 5
St. Louis & San F r ...J u ly
528.495
489.069
195,472
212,536
J a n , 1 to J u ly 3 1 .... 3,400,893 3,407,725 1,293,784 1,265,422
San A nt. A A ran. P . Ju n e
125,895
136,633
3,776
19,277
Ja n . 1 to J u n e 3 0 ....
903,148
815,881 128,535
150,127
Seaboard & Roanoke. Ju ly
65,271
1459,064
24,264
11,216
V isalia & T u lare—
Apr. 1 to J u n e 3 0 ___
2,122
1,972
354
667
Ja n . 1 to J u n e 30___
4,147
4,184
1,064
993
W. Je rsey A 8eash’e .J u ly
334,173
155,692
114 950
379,829
J a n . 1 to Ju ly 31....... 1,361,302 1,449,021
3 01,825
290,080
W est.N .Y .A P enn. b .J u ly
278,229
275,979
105.431
9®,185
J a n . 1 to J u ly 3L___ 1,561,865 1,641,492
377,811
534,763
133,564
403,186
W isconsin C e n tra l.b .Ju n e 373,979
1 10,562
J a n . 1 to J u n e 3 0 .... 1,945,373 2,024,579
605,900
5 19,064
July 1 to J u n e 3 0 .... 4,179,970 4,399,510 1,405,776 1,3 9 0 ,1 9 4
R oads.

a N et earn in g s h e re given are a f te r deducting tax ea.
b N et earn in g s h ere given are before d e d u ctin g tax es.
* L arge increase In expenses an d consequent, decrease ia n e t earnin gs in Ju ly , due to m ovem ent fr «m Tam pico of v ery heavy to n n a g e
of low -grade freig h t an d also by h igher r a te of ex ch an g e on U. 8. c u r­
re n c y ow ing to decline in p rice of silver.

Interest Charges anil Surplus.—The following roads, in
addition to their gross and net earnings given in the fore­
going, also report c h a r g e s for interest, &o., with the surplus
or deficit above or below those charges.
R o a d s.

ln t., r e n ta ls , etc.---- »r - B a l. o f N et E a r ti’i
1897.
1896.
1897.
1896.
$
$
*
s
890.000
876,201
196,435
97.122
6,230,000 6,162,843 1,135,130 df.192,440
19,000
15,007
171,000
63.061
181,894
180,733
78 ,5 5 3
124,289

Chic. Burl.A Q u in cy .Ju ly
J a n . 1 to Ju ly 3 1 ---Choc. Okla. A G u lf...Ju ly
Nov. 1 to Ju ly 31 ...
D enver & Rio G r’d e..Ju ly
P hiladelphia & R eadinc—
745,000
840,000
All com panies. ...J u l y
296,181
l f* 12
Deo. 1 to Ju ly 3L__ 6,170,1)00 6,483,748 d f.l< J 4 l5 2 5 d f.l2 3 l6 7 1
14,165
Rio G rande S outh__ Ju ly
14,193 "def.3,833
*935
* A fter allow ing for o th er incom e received.

36,111
246.057
def.6,372
def.7,387
914,359
4,581.552
336,393
1,887,137
1,086,435
7,365,130
63,285
34,007
146,084
234,061
306,183
1,039,491
798,185
4,169,512
26,777
112,051
15,879
120,125
44,151
257,402

8,810
97,813
141,120
259,286
1,624,767
782,455
4,180,851
10,292
44,974
13,941
108,386
36,981
356,327

361.470
684,810

359,884
616,695

def.2,815
def.3,975
699,235
3,808,172
291,531
1,823,490
973,323
5,970,403

N ORTHERN PA C IFIC .
J u n e , 1897. S e p t. 1 to J u n e 30
G ross earn in g s............................................ $ i , 556,347
$15,114,423
O p eratin g ex p en ses.....................................
960,609
9,288,378
N et earn in g s.................. ............. .........
T a x e s...............................................................

$595,738
42,900

$5,826,045
428,981

N et operatin g in co m e..........................
M iscel. incom e, n o t inciud’g la n d sa les.

$552,838
65,478

$5,397,064
244,536

T otal n e t inoom e................................... $618,316
$5,641,600
T he o p eratin g expenses from 8ept. 1 ,1 8 9 8 , include a p ro p o rtio n a te
p a r t of th e f siim ated ta x e s an d rail and tie ren ew als for th e c u rre n t
fiscal y e a r of th e new com pany, being te n m o n th s to Ju ly 1, i8 9 7 .

STREET RA1LW4TS AND TRACTION COMPANIES.
The following table shows the g ro s s earnings for the latest
period of all street railways from which we are able to ob­
tain weekly or monthly returns. The arrangement of the
table is the same as that for the steam roads—that is, the
first two columns of figures give the gross earnings for the
latest week or month, and the last two columns the earnings
for the calendar year from January 1 to and including such
latest week or month.

THE CHRONICLE.

S eptem ber 4, 1SU7.J

STREET RAILWAYS AND TRACTION COMPANIES.
Latest Gross E arnings.
G ao ss
E i a s is o a .

Week or Mo

1897.

Ja n . 1 to Latest Dais.

1898.

1897.

0

i 1896.

jj»
1
54.898
52,790
22,438
23,335
21,189
....
50,058
50,801
610.322 593,894
11,259
11,588
.........................
..................... .........
179,682 185,526
184,577 174.721

409

R a il r o a d s a n d M is c e l . C o . 's .

Volume 65—

Page.

R a il r o a d s

and

Volume 6 5 —

M i s c e l .C o ’s ( O on.)

Page

American G rocery............................ 3*56 M anhattan E levated (SLY.).......... 385
B oston A A lbany....................... .. 874> M exican In te rn a tio n a l............ 149, 156
B oston A M n m e ................................. 32S M obile & Ohio (a d v a u c e )...............
i
Boston Electric L ight................... 276 , New York O ntario & W estern,
2<6
Buffalo Rnen. A P itts (advance),.. 83* ! g b io Falls Car Mf«. Co..................... .276
Calumet A Htecla Mining.
. . . . 233 Philadelphia Heading &N. Eng..,
Cenr.ru! o f Georgia Ry............ . . . 324 ; Ky. Equip, of M innesota..
..
150
Chesapeake A O hio........... 348. SS3, 8i)*i Rio G rande S o u th e rn ............... 283, 384
Chicago v N orth W este rn .267,374, 279 i s a n I- ram: is CO A North. Pacific 193, 275
Col -rado Fuel x Iro n ................ 366 Trow Directory, P rinting & Book­
D enver a Ki-.-Grande.......380,384, 371
binding ..............
3Q5
B rie RB. (advance)............................. 232 W estern N, Y. & P en n , (a d v a n ce). 27ti
K ansas City F t. S o f t & M emphis. 304
Kansas City M emphis A B ir__ ... 364
S t r e e t R a i l -w a y s .
Leklgb A Hudson River.............,..-3-25 Brooklyn Rapid T ran sit S y ste m ..3 2 6

_

A kron B eiiM A Olev J u l y ........... I ‘.'.626: 11.728
A m sirrla m S t R - b i n e . . ---4.17t
4,478
Aoderao £1 St. R v.. M a y .. . . . . .
4,30 ........... .
A tlantar B ail way '. . . J u l y ...........
9,039- 8.612
B altim ore T ra c tio n .. J u n e ......... I2 s,6 2 121.399
B . t k S t Ky. (Maine',. J u l y ...........
2.542.
2 ,3 4 '
Bas Cities Oon*>«l ... J u ly ...........
9.094 11,500
B ingham ton 8 :. B y...A nn® . . . . . . . 12,776: 12,987
LongIMami...... . ....................... 326
B rid g ep o rt T ractio n . J u l y ---- . . . 31.741 35,741
B rockton Goa. St. i-ty J u l y ........... 33.294: 32,657
Illin o is C en tral R ailroad.
B r’kiyu Rap T r.C o.—
( Report fo r the year ending June SO, 1S97.J
Bro A iy a H eig h ts.. A u g u s t.... 424.033 420.581 3.071,777:3.053,021
Br'KIj-nQu'nfl.v Sub., AujrtHt---- 70.210 69,770
193,130 479,323
Tke annual report of the directors for th e year ending Ju n e
r o w f«» system . A ugust---- 494,268 49 ,331 3,56 t,u 0 7 ‘3,532,844
Buffalo B all way.. . J u n e ..... .................................. . 638,254 6-0,509 30, 1997, is given at length on subsequent pages, w ith fall
balance
sheet and exhibits.
C b carerT -ao ilo u (P a ) M arch___
13.519 13,731
38,340
38.683
Cits' Elec. (Rntue.Ga I J u l y ..........
2,181
1,908
13,0 .
11,791
Comparative statistics of the operations and the income
ClevH nil E le c tric ... J u l y ........... 143,200 155,47 ' 9 3 2 ,-9 5 950,979 account have been compiled for th e C hronicle below, the
Clove. P ain av A K. J u l y ..........
9,134
H ,8«9
45,402
.........
Cotuaibos S t Ry. (0.1 2dw k A ug.
11,334 11,776 358,97.3, 396,053 statem ents including the Iow a lines, and also, since Oct. 1.
195,157 202,311 1895, the St, L, A . A T. H line,
Coney Islan d A B’lyu. J u l y ........... 12,414 43,669
D an v .O aa E l. L ight <fc
OPERATIONS.
S tre e t Ry............ . . . J u n e ..........! 8,806
7.738
50,831
48,795
1896-97.
1895-96.
D enver Coo. T rauiw .. J u l y . . . ____ 67.441 65,1MB 406,-541 *14.706
1894-95.
1893-94.
D etro it C itru s’ St. Ry <1 wk A ug 24.77B 22.S83 688,564' 657,815 HUes op. J 1mo 30.
3,130
3,127
2,888
2,888
D etro it Elee. Ry.........J u l y , . . ____ 3 4 .4 6 '- 39,140
234,364 250,448
R q u ip m r n t—
Dulu h St, Ky............ J u l y ............ 13.4491 20,727
l«i“ ,o03 125,"5'i L ocom otives..........
693
626
597
610
E rie Elec .M otor Co . J u ly ........... 15.651
1 ,285
7 9,937
88.745 P a sse n g e r e a r s ___
575
575
540
588
Galve*:on City By .. J u l y ........... 23,620 24,014 121,902 116,766 Freight oars..........
23.065
20,933
16.647
15,993
H erk im er Mohawk ti
W ork e a r s ..............
170
165
180
204
ioa 1 M ilo rt El. Ry. J u n e . . . . . .
2,79ft: S..VH20,397 21,654
Operations—
H o tw tokK s..................J u l y ............
1 ,0 16 '
975
4,379:
4,946 No. 1f pass, carried. 12,827,205 12,812,206 11,391,733 22,897,476
82,595;
95,408 No. of pass. car. 1 in.212,985.073 222,034.712 195,92-1,818 317,711,176
H ouston Elec. a t. Ry. J u n e _____ ■ 17,347; 17,838
Ioterm m te Cor,sol. of
Rule per pass. p. to. 1-979 ots.
l-97*> ots.
1-995 ots.
1-925 eta.
N orth A ttleb o ro__ J u l y ............. 13,372 13,548
71,285 69,903 Freight(toas) moved 9.948,367
9.659,213
7,901.392
7,366,637
K tageiuu CUy Ry— J u l y ...........
5,677 - 5,800
3 tr ,:m
80,425
Do do 1 m ile.2 2 58388 132 2018129060 1586080384 1460551031
L ebleh fra e 'lo u .......J u l y ............ 10,95 11,611
59,793
69,011 Rato p e r ton p. m ile 0 671 et«. 0-745 ots.
0-S08 ots.
0-839 ots.
L ondon 8 t - R y.IC an i. J u l y ........... 10,831! 10.03*
54.7*1
4S.918
FISCAL RESULTS.
Lowell Law. A lia v J u ly ............ i 50.523 .AU.2«*
243.39 < 236.608
1890-97.
1895-96.
1894-95.
M etrop (KaoiiM c tty t J u l y ......... .1 5 4 .7 2 0 153,112 927. ‘>65 931,716
1893-94.
E a r n in g s —
$
8
K an sas i tiy E le v ... J u l y .............! 14,261 10,07894.291'
84,960
•<£
4,394,771
3,908,348
6,116,803
81.282.1,134.911 1,123,906 P assenger.................... 4,214,461
T o ta l................... 3*1wk Aug.i 39.16
F reig h t.......................1 5 .1 6 2 ,0 1 9 15.028,104 12,821,211 12,253,612
M etro V . Sole ICMed J u l y 61,410
..
2,579,967
Monteuin--ry St. Ry J u l y ...........: 6,22 .
5 ,7 7 “
33.270
2,327,435
2,287,249
3.- .290 M all, exp, an d m iscel, 2,734,458
M ontreal fh rce t Rs.... J u l y .......... j 129.2 f 118,3721 768.323
721,1**8
Total__________22,110,938 22,002,842 19,056,994 20,657,464
N assau Elec. (B’k iy ai Ju ly _____218.50s 203,68 7 1 ,(160,1 .7
745.971
O perating expenses—
tensei
N ew burgh E le c tric ,.. J u n e .........! 8,3421 7,9?'.
36.365
34,303
3,594,051
New London St. R y.. J u l y ..........
3,176,872
“ .I V8,499
28,095
23.9 3 M ai a t. o f way. 4‘ c ...
2,538,678 2,402,199
He w Or lea r.» Tracts'. 9 J u l y .......... 1104,0631116,107
2,712,978
2,556,169 2,175,789 2,443,656
758,640 797.8 17 M sint. of e*
8.476,914
7 87.8.(8 910,018 1 T r a n s p . an8,177,876
7,580,145
N orth S hore T ractio n (July
8,388,802
' ‘
1 5 -.8 e3 173,740
1,051,941
2,769
Og>l-o*barg St- R y... J u ly
2,634
1,051,358
973,919
1,074,759
10,600,
10.319 I Taxes,
i'*t*-r-i>ri Ry .............. J*u ly
' - .............1 34,* o r 31,863 192,258 187,603
T
o
ta
l........................15,735,881
14,962,276
P lttsh . P i.S ub. El. Ry J u n e ...........I 3,21*
8.'-52
!
1,298
13,268,531
l«,**42t
11,369,415
Po'ke-tw te t W*pp P J u l y .......... .! 8,967
47, -79
9, >22
48,7«9 | Not earn in g s................. 8,375,051 7,040,586
5.78H.463
0,288,048
R o c h e-ter R y..............I J u s e ___„.l «3,6B!» 6 ,192. 888,192 414,678 P. of exp. to earns . 71-10
08-00
69-63
69-56
45,1 8 8
R**x -'ll i h II i NoPtr J u l y .......... ! 11 ..<77 10,45s
41,531
Selioylktii r« eW o n M a y ....,..! 7,118
8,858
84,744
39,525
INCOME ACCOUNT.
. 2 5 ,5 8 .1
Bchuylfcltt V»l. Tr ... J u n e .........
5,353
1896-07.
1895-96.
1894-93.
1893-94.
S w e a t •»4k*’arlw n 4 'e‘ A pril ------- 1 2.852
Receipts—
.*
if
$
$
S cran to n A PU tstou A nrII____
4,662.'
13,36 4
7,040.500
5,786.46:1
6,288,048
B oraruro Railw ay ... J u ly ........... 83,251 33,319 1H6.I 96- 195,017 N ot-earning*-------- . . . 6,375,054
et from In terest, Ac. 2,110,756
1,832,078
1,519.109
1,865,325
Second Are, (P itt b .) M a y ....... 65,434 89,173 *294.5601 ‘297,2 24 N
53,440
85,780
123,033
41,120
2,791
ByeeeUM- B’et-rsbleKy. Jrjljr. ,.......
3.567;
18.586)
21.941 M lsctdlansom .........
B y ra o o e o l U r . T r R y. J u l y . ..........
is T o :i - ,7 7 2
211.164 249,779
T
o
ta
l
......................
8,539.250
8,959,030
7,430,905
8,194,493
58
.
(
.4
T erns H au te El’e. Ry. d a y .......... 12,6*3' 14.7-7
00,951
DishursemenU—
T h ird Aveotie (N.Y i J u n e -.,.
1 ,2 3 6 4 *:) 1 ,5 9 2 9 1 8
lut, on III, C, bonds ,
T o ron to R y . . . . .......... J u l y ___
1105.98 ii S«JS«0i 5?7,*>31i 551,177 In t.o n C . S. L. A N O.; 3,180,072 2,932,908 2,757,845 2,003,265
Twin * tty
rrati J u ly ..
l “2 ,8 1 7 ,1 7 7 .- 3 9 ; 1 ,1 0 ',2 1 6 1 .1 3 6 ,0 0 3
b o n d s ....................
1,218,040
1,217,840
1,217,840
. . 7 3 .! __
Union (*». Bedford). J u l y , ..........1 2.0. ,4
2 2 -6 1
trilARIh
1 1 3 ,6 2 8 R ental D. A 8. C. Kit. 1,217,680
631,193
950,463
471,379
867,148
U ntied tr a c t. tH rov.; J u l y . . . . . . . |165,490 '161,73V
972,153; 996.559 N
-------e
t
r
e
n
ta
l
St.
Louis
U nit. rra c . <Reading! J u l y _____ I 23.*44 - 22.861
10 *. 84! 11 o , « l 3
Alton A T . I I ...........
290,811
340,627
Waketteid A 6ton>- . .. J u l y ....... .
7,583 7, - *1
:i
'
3 2 .7 8 ( D ivld.oti III. C. stock.
2,362,500
2,500,000
2,500,000
W V erim ry f r et:ou. J u l y ........... 23,948 2 1,6* • 142.1 70j 1 3 6 .5 l.ll Div.leased Uni'*Af.si-k 2,025,000
400,000
400.000
400.000
400,000
W heeling R a ilw a y ... !M a y .......! 18,616 16,18).
62.641
6 6 ,9 11 Miscellaneous.......
81,225
S
I
,181
80,965
8*1,925
Wilkes!). A Wy Valley J u l y .......... * 1 .4 - 1- 47,101 272.194! 2 -8 4 ,2 3 2
* In clu d es resu lt* o u N orth S ide Tra-uIon C dnipany, w alob was ioaaed
reh im * ry , i s # , , to th e Seco >,i \ r « . rrac-tlon Uo
t Llux tijMsoed in J u ly . 1896, .m l i)|w-.»t.:d for only a p o r llo a o f th a t
m onth.
M r c c t K ailw t f N**t K u r n i i i g i .— Tho follo w in |f ta b le give*
t h e r e t u r n s o f S t r e e t r a i l w a y gr*m s a n d n o te a rn iu g sre c e iv e d

th is week. I t re p o rtin g thrs** net •>im io g * fu r t.h -stre e t ra il­
w a y s . w e ad o p t tin* s muc p a n a s th it f *r th e ste a m ro id s —
th a t is , we p r i n t each week all th e re tu rn s receive-! t h t t
w e e k , b u t once a m *nth (on th e t h ird or th e fo u rth S a tu rd a y )
w e b r i n g to g e th e r all 1 1« ro» is f u r lish in g re tu rn s, a n d th e
latent s ta te m e n t o f th is kia-i w ill be f *un*i in t h e C h ron icle
of August 31. 1-087, The n e x t will ap p ear in t h e is s u e of Sep*
teiub* r 18,1887,
r<*m
““ E
$
2 7 .7 m
147,911

ftjy-Wtx,
rrdM-is' n . Ju n e
vlttSu 1 W JllSM* 30 . . .
D t f Dm k B. B. *%
4 p r, ? to J
„„
lf$ M $
J an . 1 ti'i .ItkflU 3 o ...»
3 m ,w &
W a n t-se a M M . >•m h .tifSIJfJ v ris. —
A pe. I m J a mi :■$J . . .
i f 7 ,m o
J* o . X Id fiine 30 ,* S ft.A iS
QmH m ian 0i$y
21.620
i a a , 1 to 3fn*y B i , .*,.
121,9 >2
Moat«Ofnery hi * K y J a l y
6,223
Jmstr l to
31., a..
33,270
Willu sb .S t W y. V y .T rM n \s
41, IS 4
JhtXi, l I© J u ly 3 i - , ..
272,194

a - r- -- n - ,
$
29,916
143.7S4

■—
—S
l¥9:i t E arnings.
1^96.
f
12381
14,864
65345
5*398

18 9.075
359,304

4 1.137
71,332

49,387
83,714

191,657
351,955
24,014
I IS* 700
5,776
32,290
47301
2-84,232

40.001
0 8 ,11 I
10,878
43, 61
3,880
16,649
24.209
147,380

50,512
78,031
10,848
44,567
3,385
18,018
28 ,0 9 4
151,101

ANNUAL REPORTS.
A nnual R e p o rts .—^The follow ing is an iu d e s to all a n n u a l
reports of -t-'A'ii raltro a d i, stre e t railw ay s and rnlsCcllaneous
Companipg w m ch have been published since th e last editions
of tn** I nvestors ’ and S tr eet R ailw a y S upplem en ts .
This lad e* does n o t include report* in to-day*» CHRONICLE,

T o ta l..................... 8,385,697
Balance.,
153,553
- V . 6 5 , p. 3 6 7 .

8,435,803
523,227

7,427,989
2,916

7,731,218
-103,275

Chicago M ilw aukee & St. P au l R ailw ty.
( Report for year ending June SO. 1897.)
The report for the late fiscal year will b e published in the

Chronicle next week. Theadvance statement of earnings
is given as follows:
1896-7.
^ ross e a rn in g s .......... 3 0,4-0.768
*
G
Expenses nud tax*:**. 18,577,539

1893-4.
1894-5.
%
If
32,081,829 27,335.369 31,327,951
19,676,808 17,043,753 20,114,332

'S<it e a rn in g ? * ,,... .1 1 ,9 0 9 ,2 2 9
O th e r in c o m e .............. .
1 6 2 ,8 2 3

IS ,0 05.021
0 4 ,8 5 7

1 0 ,2 9 1 ,6 1 8
184,647

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

T o ta l in c o m e ___ .1 2 ,0 7 2 ,0 5 2
Fixe«l c h a rg e # , e t c . ... 7 ,4 8 8 ,7 4 7

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

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

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

B a la n c e _________ , 4 ,5 8 3 ,3 0 5
D iv . o n p ro f, s t o c k . . . 1 ,8 9 0 ,8 6 3

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

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

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

lial. to ren m . stock. 2,0S6,B42

3,554,077

978,084

1,9 5,520

18^5-6.

The divid--nds paid on the common stock during th e fiscal
year !-'6-'<~ aggn* :*ted ♦ per cent aud called for the outlay
of f 1,841, 90, leaving a balance from the operations of this
year alone, w ithout regard to previous surplus, of $84-5,853.—
V. 65, p. 26.
New York S au p teliau n a & W estern R ailro ad ,
( Report fo r year ending June 30, 1897, J
President A L Hopkins in his report sa y s:
“ The depressed conditions affecting the business of this
company during the past year continued during the present
year, but in spite of this your compauy has earned $88,438
more th an its charges, guaranties and taxes Your railroad
and equipm ent have been fully m aintained, the car tru st re ­
duced $5.- ,329 and c o lla te ra l'tru st bonds reduced $28,0(10,
Gross per mile, leased and operated, $9,b75, being a small in ­
crease over It Shi. O perating expenses per mile, 1897, were

THE LHKONHLt.

410

$5,613, a slight decrease over 1896. Net per.mile, $4,261: in­
crease, $88 per mile. Per cent of operating expenses to gross,
1897, was 56^5; decrease, 37 per cent. Prior to Oct. 1 the
Susquehanna Connecting RR. (leased to Wilkesbarre & East­
ern) will be completed. This road will enable your company
to reach a number of collieries that ship coal over your road
with its own engines and cars, as well as reducing the lateral
charges from other colln ries.
“Your company has guaranteed the principal and interest
of the $500,000 first mortgage ten-year 6 per cent bonds of the
Susquehanna Connecting RR Co., and it is estimated that
the saving in switch charges will be sufficient to enable these
bonds to be paid off in ten years, in addition to which there
will be a large net saving to your company.”
The earnings of the company, including its leased and
operated lines, compare as follows :
Tear en d in g J u n e 30—
P a ssen g er e a r n iD g s ..................................

F re ig h t earn in g s.............. .. ..................
M ail, ex p ress and m iscellan's receipts.

1895.
1896.
$
$
352,695
375,715
1,674,097 1.644,339
83,574
98,877
73,916

1897.
$
376,C64

T otal gross e a rn in g s........................ 2,248,822
O p eratin g ex p en ses................................. 1,278,346

2,123,728 2,080,608
1,174,991 1,358,292

970,476
44,556

918,737
56,455

T o ta l...................................................... 1,015,032
Deductions—
In te re s t on b o n d s...............................
815.777
R entals........................................................
28.706
T a x e s ...........................................................
52,772
I n te re s t on real e s ta te m o rtg ag es, ete.
29,341

1,005,192

N et e a rn in g s.....................................
Ollier Income, Interest and ren ta ls...

Balanoe, surplus...............................
—V. 65, p. 112.

722,316
B

819,618
26,703
53,321
26,296

•< H
on
® P<
2 ?

79,254

88,436

%

S o n t h e r n Railway.

( Advance statement for year ending June SO, I S 97 J
The company has made the following advance statement
regarding the results for the late fiscal year:
1897.
1896. ”
1895.
1894.
S
$
$
$
Gross earuiugs ........ 19,079,500 19,082,247 17,114,792 16,643,299
O perating expenses &
ta x e s........................ 13,233,156 13,451,447 12,062,855 12,345,628
Net earnings........ 5,846,344
Prop. exp. to gross...
(6914)
Other incom e..............
286,832

5,630,800
(70%)
188,507

5,051,937
(70%)
89,678

Total net incom e. 6,133,176
Interest and rentals. 5,612,234
Ottier deductions.......
77,140

5,819,307
5,218,370
44,459

5,141,615
4,195,925

T otal...................... 5,689,374
Surplus over charges.
443,802

5,262,829
556,478

4,245,870
895,745

4,297,671
(74%)

49,945
.. ...........

[V ol . LXV.

A n u a p >lis Washington x B a l t i m o r e R R . —B a l t i m o r e &
A n n a p o l i s Short Line R R . — Control T r a n s f e r r e d . —
The

transfer of the securities of the Baltimore & Annapolis Short
Line to the interests controlling the Annapolis Washington
& Baltimore RR. was completed this week. Hereafter the
two roads will be operated in harmony, and although re­
maining separate corporations will have the same set of offi­
cers, viz : J. Wilson Brown, President, and W. G. Bowdoin,
Secretary and Treasurer. The Short Line is 28 miles long
and extends from Cliffords, on the B. & O. RR., to Annapolis,
with trackage right over the Baltimore & Ohio RR. to Cam­
den Station, Baltimore. The Annapolis Washington & Bal­
timore runs from Annapolis Junction on the B. & O. to An­
napolis, 20'5 miles.—V. 64, p. 1223.
B a l t i m o r e City Passenger Ry.—B a l t i m o r e M i d d l e R i v e r
&Sparrow’s Point Ky.— B o n d s Purchased.—The Baltimore
City Passenger Railway Co. has purchased the $390,000 first
mortgage bonds of the Baltimore Middle River & Sparrow’s
Point Railway, and so secured virtual control of the road,
although it is said the two companies will continue to be
operated by their own officers. The Sparrow's Point line
has about 9 miles of road, extending to Middle River; at its
nearest point i t is distant about half a mile from the tracks
of the City Passenger road.—V. 64, p. 753.
Baltimore & Ohio RR.—Central Ohio R R . — Coupon P a y ­
m e n t s —Interest due Sept. 1 on the B. & O. sterling loan of
1902 and on the Central Ohio UJs was paid at maturity by
the receivers, on the former in London, on the latter at the
Union Trust Co., New York. —V. 65, p. 326; V. 64, p. 842.
B r o o k l y n City & Newtown R R . —N e w P r e s id e n t.— Col.
John N. Partridge on Wednesday resigned the presidency of
this company and Director Jno. L. Heins was chosen to suc­
ceed him Col. Partridge has not favored the proposed union
with the Coney Island & Brooklyn RR. Co., and it is thought
resigns on this account. P. H. Flynn, who attempted to
prevent the consolidation, has withdrawn his injunction
suit.—Y. 65, p. 366.
Brunswick Company.—
Assessments W h en Due.—The plan
of reorganization was mentioned in the Chronicle of Aug. 21,
page 326. The printed agreement now at hand says that all de­
posits of stock must be made on or before Sept. 25, 1897, the $3
per share assessment to be paid by stockholders as follows:
On deposit of stock, $1 ; by Nov. 25, 1897, $1 ; by Feb. 25,
1898, $ l . The bondholders are entitled for three years after the
organization of the new company to elect a majority of the
board of directors. The bonds, however, are to be subject
to call at par one year after date, and if so fully redeemed
their right to elect directors will of course cease. The new
company is to have $85,848 of working capital. The com­
mittee has underwritten one-half of the stock of the new
company less the amount to be issued in lien of interest.
A circular to the stockholders says in part:

The balance to the credit of profit and loss account on
June 30 last was $1,452,223, and for the year ending June 30,
In the coast trade, Brunswick has more lam ely inoreased than any
1897, it was $443,802, making a total of........................$1,896,025
other Southern point, there being a regular Une of steam ers betw een
Against which were the following charges:
there and New York. As to foreign shipping the Johnson's line of
Dividend No. 1 on preferred stock, 1 per c e n t........................ $543,000
Discount on Southern Railway consolidated 5 per cent
bonds sold during the year.........................
115,000
Cost of Franklin & Pittsylvania tlrst m ortgage 6 per cent
bonds purchased durlug the yoar and written off as value­
less;,-...................................................................................................
82,655
M iscellaneous accounts w ritten oft....... . .................................
17,657
T otal.................................................................... ......................... $758,312
Credit balanoe carried forward June 3 0 .....................................$1,137,713

steam ers have established a regular line which plies between London
and Brunswick. The depth of water at the bar has been increased to
over 24 feet, enabling the largest freight steam ers to discharge and
load at the city docks. The Southern Railroad Company, recognizing
Brunswick’s facilities as a shipping centre, have made the place an
objective point instead of a by-station as heretofore.
The exten t of real estate owned to-day by your com pany in Bruns­
wick equals Ihat of 1893, having been held intact. These properties
include a deep-water frontage of nearly 5 m iles in exten t, the future
value of which, considering the inevitable rise of Brunswick, is alm ost
inestim able.—V. 65, p. 326.

“ The increase in interest and rentals represeats substan­
Central of G e o r g i a R y . —Interest on First Preference I n ­
tially the final increases in interest charges as provided fo r come Bonds.—Notice is given that upon presentation of these
in the plan of reorganization.”—V. 65, p. 27.
bonds on and after Oct. 1st, 1897, at the office of the Guar­
anty Trust Co., in New York, or at the Citizens’ Bank of
Savannah, Ga., there will be paid, from the earnings of the
railway company for the year ending June 30th, 1897, the
G E N E R A L IN V E S T M E N T NEW S.
interest which was announced two weeks since, namely 2V
per cent, or $22 50 on each $1,000 bond.—V . 65, p. 327.
R e o r g a n i z a t i o n s , E t c . -Latest Data as to Defaults, Reor
Central I’aiilic RR.—E x te n s io n o f $2 5 ,8 8 3 ,0 0 0 F ir s t M o r t­
ganization Plans, Payment of Overdue Coupons, 'Ete.—A ll
facts of this nature appearing since the publication of the last g a g e B u n d s —M ea su res f o r M u tu a l P r o t e c t io n — D e p o s its R e ­

c e iv e d t i l l O ct. 3 0 . —The company has made arrangements to
ments may be readily found by means of the following index. extend its $25 883,000 first mortgage bonds maturing Jan. 1,
This index does not include matter in to-dav’s C h ro n icle . 1898, at 5 per cent interest, both principal and interest to be
payable in U. S. gold coin, and the principal to become due
R ailboads and .Misce l . Co .’s .
R ailroads & M isc e l .Co ’s ( O o n ) ' as follows : __________.
Volume 65.
P age.
Volume 65—
Page.
2,995,000, Series “ A ” on D ec. 1, 1S98 *3,999,000, Series “ F ” 1
Am erican Pub. Corpo......rccvr.23K, 366 O gd en s.* Lake Champ........coupon. 15-i

issues of the I nvestors’ and ihe Street R a ilw a y Su pple ­

Do
do
com mutees. 233
Balt. & O h io ...L o a n 0/ I 88
234
D o P itts. & Con. consol**..com. 234
Do
Do
coupons. 320
Brunswick Company ..
.. plan. 326
Central o f Ga. Iiy . .in t. on incomes. 327
Chicago & A tch B rid ge.......... plan. 300
Columb. .St H C. & I.no changer eon r, 277
C olu m .H . V. * T o l.......deposiU .l^l, 2‘ 7
Colorado M idland............ «oK194. 235
Do
Busk Turn cl com. 327
„ Do
1r t in$fal:of ass'ps. 8<i7
Edison Ilium , o f St. L ouis.......sale. 194
Intern ation al D evelop in '!__ rtorg. 307
K. C. Memp. & Blr..4nt. on inconus. 307
K. C. P itts. & G u l f .......1st M. coup. 307
K. C. W atkins & G u lf l i l t . . . . )
* „„„
J . B. W atkins Land M tg.C o. J com ‘ 327
D o. A N ash. Cm fib Jc O. Mo.Dip J or eel. 327
M adison Square Garden____ reor>j. 195
M lllen & Southern .. ............ sale. 308

Ohio Sonthern............... foreclosure. 152
Oregon Im provem ’t.forecl. decrees. 328
,
. _ , deposits; 2d Instalm t, 328
Ore. Short L in e..in t. a n A incomes. /0 s
Penn M idland ............................Com. 152
Peoria Dec. & Ev. E van s.D ipjorech 195
n ,aP ° H . ptx
................ deposits. 328
Rich. N. I. * B . . . .......... upset price. 236
Sum m it Branch R R ............s le.112, 152
Do
paym en t of assess. 368
le r r e H. A L ogau s. sale. 152; coups. 363
9 lt y .......... .............coupon. 230
U nion I acitic ...................... coupons. 195
{<? •V. T «.......................... forecl. 195
Do coll. tr. 6g.netr t v a y 'to f prin . 230
u o .......... . 1st in stal, under plan. 278
St r eet

R a il w a y s .

V o lu m e s 65—
P age.
Consol. St. Ry., Gr. Rapids...coup. 307
M cKeesp. Duqu. & W U.St.Ry.aotd. 328

Amsterdam Elcctile Light, Rent A Power V o .—S to c k I n ­
creased to $ 1 ,0 0 0 000 —This company on Aug. 31 filed a certi­
ficate with the Secretary of State at Albany of an increase in
its capital stock from $500,000 to $1,000,000. The liabilities
of the company are stated as $300,000.

J

!

1.000,000, Series " B " )

13,999,000, S eries “ G ”
, lQnt
1899 $3,699,000, S eries “ H ” f on J u n e
1901
1,000,000, Series “ C ” > on D ec. i ,
$3,511,000, Series “ I ” J
$1,38*4,00
V",lWI,uvv,•, Series
MViwa “ D
Ai ” >UUUUUC , 1900 |

VJ lifiq Ann Unrim]

T7’ ”

1

The bonds so extended will be subject to call for redemp­
tion at any time on payment of the par or face value of the
bonds and interest thereon at the rateof 6 per cent per annum
from Jan. 1, 1898, in U. S. gold coin, less such interest ac­
crued subsequent to that date as may have been paid before
redemption.
Bondholders desiring to avail themselves of such extension
must on or before Oct. 30, 1897, present their bonds for ex­
tension at the office of Speyer & Co., 30 Broad Street, New
York, and deposit the same, free of charge, under a bond­
holders’ agreement dated Aug. 14, 1397, between the firm
and the depositing bondholders. The extended bonds will
be stamped as below mentioned to show the extension, and
new coupons will be annexed representing future interest.
Temporary receipts will be issued for bonds’ deposited,
which upon extension of the deposited bonds may be ex­
changed for engraved certificates df deposit. The latter will

SEFTEltBiiB 4, >3*7 j

THE

CHROM OLE

411

be countersigned by the C entral T ru st Company of New a rie s shall be em pow ered to ex ercise all rig h ts of ow ners of sa id de­
sited bonds u n d e r any of th e provisions of said bonds o r said
Y ork, as custodian of the deposited bonds when extended, pmoortgages
o r of sa 4 ex ten sio n a g re e m e n t; to in s titu te a h y su its o r
and will carry interest coupons to represent the in te rest cou­ | le g a l proceedings, an d g en erally to do any an d a ll o th e r acts w hich th e y
pons of the extended bonds. A pplication will be m ade to m a y In th e ir disoreti <n deem necessa ry o r ex p ed ien t for ta e p ro te c ­
or enforcem ent of th e rig h ts an d claim s of holders of said b o n is,
list these eertiio a tes of deposit on the N iw York. London, tiohne th
e r a g a in s t said R ailroad C om pany or an v o th er co rp o ratio n or
Frankfort-on the-M tin, B erlin and A m sterdam Stock E x ­ w
person, o r th e U nited S ta te s.
changes.
RISHT TO PURCHASE PROPERTY AND FORMULATE PLAN,
As to the necessity^ or united action of the bondholders,
S ixth . The D ep o -itartes shall f a r th e r h e authorized, if th e p ro p e rtie s
Messrs. Speyer & Co. say: “ In view of the com pany’s m a tu r­ covered
by the sa id in irtguges sh o u ld ba sold, to p urchase, for acco u n t
ing obligations to the United States G iverum -m t, we con­ ’ of th e depositing bondholders, an y p ro p e rty sold, ap p ly in g th e de
sider if im portant th a t tb s bondholders should unite in order p o sited bonds to w ard s p ay a o u t of tile p u rc h a se price thereof. T hey
all be au th o rized to fo rm u late a p la n of dealing w ith a n y such prop
to secure eascd v e representation of th e ir com ao n interests. sh
e rty p irchasod, o r a n y p lan o f re a d ju stm e n t o r reo rg a n iz atio n of th e
The above b ondholaara’ agreem snt gives ns full power to indebtedness of a
say or Ileus up in its prop srtv,
represent deposited bonds, and to take any action th a t we an d m ay n eg o tiate w ith an y o th e r com m ittees or re p re se n ta tiv e s o f
h
o
ld
ers
of
o
th
e
r
se
cu
rities
of
said
R
illro a d Com pany, o r w ith th e
m ay deem n-eesm ry to protect th eir rights and enforce their G overnm ent of the U nite t S bates, or w ith
the said R ailroad C om pany
security, and also in any readjustm ent of th e com pany's f o r p a rticip atio n m respect of the d e p o site d bonds i n an y p la n of re
bonded' debt to represent such bonds, su b ject.to th e final ap­ adjustm ent, o r reo rg an izatio n .
proval of depositing bondholders. We will m ake no charge
FLAN TO BE OPES FOR INSPECTION.
to the depositing bondholders for services rendered under
U pon th e ad
p proval by th e D epositaries of an y such p lan ,
they
sh
a
ll
lodge
copies
thereof a t th e ir office In th e city of N ew Y ork,
this agreem ent.’’
d a t th e office of Spc-vcr B rothers, in th e city of London, of Laz.
Endorsement E xtending Bonds—Provisions Respecting De­ Sa npeyer
EltU sen, to th e city of F rankfort-on-the-M aln, of T eix eira de
fa u lt, The endorsem ent on the extended bonds is substan ­ M ottos B rothers, in th e c ity of A m sterdam , an d of th e D eutsche
tl - city oi B erlin, fo r Inspection by th e certificate holders,
tially as follow s:
e x t e n s io n

o r C E N TR A L P A C IF IC R A IL R O A D COMPANY'S FIRST

OtORTOAOE BONDS.
In p u rsu a n c e of a n ag ree o en t d a re d Aug. S. l e n t , b e tw e e n th e
C en tral Pacific R g , Co, a n d R O m ills a n d O gden M ills, T ru stees
u n d er its first m ortgages d a te d J n lv 35. I S # ', a n d Ja n u a ry 1 ,1 8 0 7 ,
and m «ou-4deratkra of th e a s se n t h ereto fo re given hy the o w n e r of
th is bond to th e term s of said agreem ent, th e sa id C e n tra l P ar:tie R.R.
Co. hereby a g re e s to p av M e said p rln slpai earn on sal t first d ay of
— .. -----, In U n ited S ta te s gold cola, a n d m ean w hile to pay
in te re s t th ereo n a t the r a te of 6 p e r c e n t p e r a n n a o, p a y a b le «emfan n u ally U» shoo C a tte d S ta te s gold coin o n each firs t d a y of J anunry
an d Ju ly ml th e agency of ttieeonupaay in th e C ity of S e w T urk, on
p re se n ta tio n an d d eliv ery , as they se v e ra lly becom e due, o f th e in ­
te re s t WAi-raats o r cou p o ns ifUi -vr i hereto. I t Is ag reed th a t th e
a m o u n t to in; se t a n Art from th e n e t liioorn* of Its ra ilro a I. a n d p aid
in to tlse stallin g fu n d fo r th e d ra t m urtg Ag-> bon ts se cu re d h y said
m o rtg a g e d a te d J u ly 3$. 1865, in each of the y e a rs 1-cW and 1009
sh all oa $ 3 0 .0 0 ^ a n d th a t th e like am m a t shall he M l a p a r t from
to e h n o t tuoome an d p aid In each of th* year* 1898, 10 1 0 .1000 an d
1001 la to tins sin k in g fu n d u n d e r said m o rtg a g e d a te d Ja n - 1. 1887.
T h e p ro v isio n s of th e m o rtgage* in re a p e d to th e s la k in g funds
th ereu n d er.sh all co n tin u e in oil fo rc e a n d effect.
It l* fu rth e r ag reed t i n t said hood m ay be p aid otf an l redeem ed a t
an y tim e a t p ar, an d in te re st a t tl> r a te o f 0 p e r c e n t p a r iia o a a i from
j on. i. '101*0, id O uitud State.* gold coin.uses sn ch in te re s t accrued
fte.jiieuf to t i n t d a te a* w a y ta v e d io e a paid tim tco n b efo re such redefu p tlo u thereof. I t is f u rth e r ag reed t h a t iu case th e said C en tral
P aoitte K K Co- -itoubi d e fa u lt lo th e. p a y m e n t of tin* la te re * on any
o f s o a h l i r s t u o rfg a g e b o a H on th e l* t d a y of J a n u a r y , 1890, o r In
case It sh o u ld th e re a fte r d e fa u lt la Um p ty m -nt of th e p r ttr n p il o f or
In th re a t on a n y o f sa id e x te n d e d bond* of th e date* c a r .a (ibetoru j>r«M llbcd for th e p ay tn o u t thereof resp ectiv ely , then, a t th e o p tion of
th e bolder* of a m ajo rity to am o u n t of th e th e th e n o u tsta n d in g first
m o rtg a g e bonds secured by th e m ortgages aforesaid, which shall hove
been th ereto fo re «xseabed h ereu n d er, tb s prln o ip tl o f e ll said b ra t
m o rtg ag e bond* sh all fo rth w ith becotuo d u e an 1 payable: a n d tberea p o a tbo tru»sem an d th e bondtio der* sh a ll have esteii utid a ll the
rig h ts th a t th ey w ould h av e had If th e p rin cip al of «md bonds bad n d
Passu paid on J a n u a ry 1st. 1 h is , an I if till* ex tto islo a had not been
m ade, ex cep t th a t even a f te r toe prlm -inal 1a so d eclared due the
p rin cip al o f said first u e r lp b s * builds, Until th e so coral ilate< t * w inch
th e p a y m e n t of th e rM p c rttv r M tk * of bonds shall k * Agreed to l a
ex ten d ed an d postponed, its above ela te d , shall r u n w ith in terest a t
th e r a te of 5 p e r ce n t p e r an n u m , payable sm ab o v e m ated , m long a s
su c h in ferrw t a t sa id re d u c e d ra te m prom ptly p aid on th e dates here
. ,
proscriberl to r Audi In te re s t p ay m en ts, o th e r r l s e a l the ra te
of d p e r o m t p e r an n u m , payable sem l-anhunity from th e d ate of m a­
tu r ity >«f th e in te re s t In stalm en t n o t w p ro m p tly paid.
I t being d istin ctly coven »ut«l and ag reed u ia t B a n k e r said bond
n o r any of th e term s th er.jo fl* in an y way changed, ex cep t as heroin
eseprc-sly p ro v id e L a n d th a t th e p rin cip al a o i in te re s t th ereo n , a*
h erein b efo re provided, aro se c u re d by she m o rtg a g e u n d e r which the
aam a w as o rig in a lly i*»aed to th e sam e e x te n t m th ey w ould reieeticeyr h a v e been secured th ereb y if by th e to n u s th e re o f th e p rin ­
tin' had not been due u n til th e tlrst day o f -----.
I n Witness w hereof, th e said < sonp tn> h a s caused It* c o rp o ra te seal
to bo h e re u n to am te d a n d a tte s te d by Its A ssista n t S ecretary , an d
th ese p resen ts to b e signed by one of its V ice-P residents, th is —day
o f ---- , 1-807.

a

Said railroad com pany w ill also cause *ai>l bonds to b j
.stamped as follows:
E x te n d e d by m u to v l co n sen t t o — 1st, — ,» * per ag ,c e m e n t a t­
tach ed . aubjoct to te rm s a n d c m d itio as o f said ag reem en t.

BondtvAd r*' Agreement —Tae agreem ent under which the
first m ortgage bondholders are asked to deposit their bonds
says in substance :

PREAMBLE.
WHEREAS, It Is d o u btful w h e th e r the said R ailroad Com pany will
p ay a t m a tu rity th e said bonds of the U nited S ta te s o r retm bnrae the
ITatted S ta te s *or th e am o u n ts w hich m ay h a v e been p aid by i t in
re sp e c t th e r e o f ; and
W iik k ».\s. m e U nited S ta te s m ay ta k e sem e ste p s to enforce its
claim s ag ain st said R ailro ad C o m p an y : an d
W i t t e vs, I m ay becom * advisable in the In te re s t of th e holders of
said first m o rtg ag e bonds th a t som e ste p s should be to k en to enforce
th e ir rig h ts u n d er said m o rtg a g e s: and
w BRR**«. l a e a s e som e vltux fo r tins re a d ju stm e n t of the la le b te d ness o f said R ailro ad C om pany shtm ld bo h e reafter proposed, i t m ay
th e n becom e ad v isab le, in accordance w ith «nch p la n , fo r th e h olders
of sa id firs t m o rtg ag e bon ds to ex ch an g e th e sam e, fo r som e o tn e rso e n rity o r seeiiritie* of said R ailroad C om pany o r of a successor Com­
p a n y ; anil
W m *sA S, th e D ep o sitaries are in te re ste d in p ro te c tin g th e rig h ts
an d se cu rity of said bondholders an d h av e in v ite d th e dep o sit of bonds
w ith th em on th e term s h e re o f;

Sow, riiK«Bv,,Kw, in eonslderatiea of the mutual agreements herein
recited, each boider of said hood# who shall deposit the same with the
Depositaries:herwuijder, agrees with the of,her depositing bondholders
and each of them, and with the ucpositaneA. and the Depositaries
agree with the depositing hondiwldor*, respectively, as follow*:

T ie n follow p ro . i*ion4 for th e dep o sit and e x te n sio n of the first
■ w rtgago bond* a n d fo r th e delivery to the bondholder* of certificates
o f dep o sit r*pre»«nti«y th e e x te n d e d bonds. The iig reejaeu t th en con­
tin u es In h rtef a s follows,}
RMI1T OF DEPOSITARIES TO ENFORCE Tile BONDS.
F if t h .—Tn o rd er lo en ab le th e D epositaries to c arry out effectively
th e purpose* of this agreem ent, it Is hereb y declared th a t the D eposit­

an d shall p u b lish no tice of th a t fact tw ice n week fo r th re e consecu­
tiv e week* to a t le a s t one n ew sp ap er in each of th e cities of New York,
London, F rankfortson-the-M uln, A m sterdam a n d B erlin,
' SON-ASSENTIN'* CERTIFICATE HOLDERS TO HAVE SIXTY DAYS WITHIN
AVBICH TO WITHDRAW THEIR BONDS.
A ny oerU fieate holder.- who do n o t a s se n t to such p la n m ay, a t a n j
tim e before a d a te sp-citlcd in such ad v e rtise m e n t (w hich d a te shall
b e a t to ast six ty d ay s a f te r th e first p u b licatio n of such a d v e rtise ­
m ent) w ithdraw th e h an d s re p re se n te d by th e ir certificates, upon s u r ­
re n d e r of tlinlr e .-n ia c ste a . b ut all ce rtific a te holde s who sh a ll n o t
exercise w ith in said tim e th is rig h t to w ith d ra w th e ir bonds sh a ll b e
d to such plan, an d shall be bound th ereb y
w ithout fu rth e r a c t o r notice, and th e D epositaries sh a ll be au th o rized
to use th e bonds of such certificate holders fo r th e purpose of carry in g
o ut such p la n Bnd to d e p o sit such b o nds th e re u n d e r.
SO CUAR0C FOR 8S&VICBS OP DEPOSITARIES.
S k v e st h . T he D ep o sitaries shall m ake no chu-ge a g a in s t th e desiting bondholders for services re n d e re d hereu n d er. In ease the
poeitarlea shall d e te rm in e to proceed no f u rth e r u n d e r th is agree­
m ent. th e certificate holders shall be notified b y a d v e rtise m e n t to
w ith d raw th e ir bonds,
BO*0S 'I A) BE WITHDRAWN II NO PLAN IS ADOPTED BY JUNE 1 ,1901.
EiuKTO. The bonds shall rem ain on d ep o sit su b je ct to th e o rd er of
the Ocj* >sitiir!«« u n til J u n e 1 .1 9 0 1 . unless sooner w ith d raw n under
th e provisions e ith e r of A rticle gilxth o r A rtiolc S ev en th h ereo f; a n d
-hall m eanw hile a n d th e re a fte r rem ain on d ep o sit su b je c t to be w ith ­
d raw n and used by S peyer Jt C om pany a s provided in th is agree
m eat.: but, if no such p lan ha*, p rio r to J u n e 1st. UiOl, been so
ad o p ted o r approved, th en th e certificate h olders m ay on or a f te r shell
d a te su rren d er th e ir certificates an d w ithdraw th e ir bonds.

K

Stockhiiltl-r*' Comm ittre.—The London Committee, of
w hich F. G. B anbury, Esq,, M. P „ is the Chairm an, has ad ­
vertised fo- the deposit with it of stock of the Central Pacific
Railroad Company, in order to enable the com mittee to aet
effeelivgly in the protection of th e stock interests tu a rran g ­
ing an equitable settlem ent w ith th e United States and
otherwise. This is the com m ittee for w hich Sir Charles
R ivers Wilson, now President of the Grand T runk, came to
th e United States in tMH, and it has made arrangem ents for
th e co-operation w ith it in the United States of Messrs. Aug­
ust Belmont, Jo h n G . Carlisle and George Coppell.—V. 04,
p. 13v3,
(‘hie-go Ju n c tio n H allw ays & U nion Stock Y ards—Chlca«o H iin-uowd x W estern itK .—-Acquisition o f Control.—
As to the ptircbite- of a controlling interest in the Chicago
Hammond &- W estern, announced last week, the Chioago
" E conom ist” says:
The Chicago Ju n c tio n Railway* Jt Union Stock Y ards Co. h sg bough!
th e en tire cap!’at stock of tb e Chicago H im m o n d & W estern RR.,
aniau itlng to $2,00 ’.0 0, a t $30 m;r sh ire, ih e am o u n t paid t h u s balug
04oO,'loO. The Union Stock Yard* A T ran sit Co. has sold to ihn fill
oago Ju n c tio n R ailw ays A Union Stock Y ards Co, th e stock of tb e Chi­
cago & In d ian a S tate Line BE. and th e 130 mile* of ra ilro a d tracks
o w w by tbe Union e t .ek Y ards & T ran sit Co. h ave bean leased to
th e Chicago * b .liana Store L uc. These transaoiions pi toe the o p e ra ­
tio n of the (2 mile* of Chicago Ham m >rid A W estern tra c k s and th e
franchise of tli- Indian i S tate Line KK. in the control of th < function
R ailw ays Co The whole system will, how ever, be o p erated by i lift'I a
d! n » S ta te Lins R oad, and the tra n sp o rta tio n In te re sts of th e Uuion
Btook Y v da * T ransit Co. will th u s b > placed in a se p a ra te deoartr
m e e t and opc atecl a s a u n it with th s b ait an d sw itching tracks which
are now used f -r th e tra n sp o rta tio n or the pro d u o tao f th e Stock Yards,
The Chicago Ju n c tio n R ailw ays & Union Stock Y ard s Co., as Is w ell
know n, ow ns nearly all the sto k of the Union Stock Y ards & T ra n sit
Co., being tb e New Je rse y corporation which took over th e property
som e years ago. T he m ain nurpose o f these tran sactio n s is to se p ara te
th e railroad Business from th e Stock Y ards business.

A t the office of the company in this city the officials state
th a t they have no knowledge regarding the m atter.—V. 65,
p, 367. „*#«
€ dumb sir H ocking V alley & T ile d • By —<$20 Per Coupon
Advanced on Coupons Due Sept. 1 on Conso'. os Deposited —
J. P, Morgan & Co., referring to th eir circular of Feb. 35,
1-897, give notice th a t they are prepared to make a fu rth e r
advance of $20 on each $1,000 5 p. c, consol bond deposited
w ith them for account of the September coup ms. Certificates
of deposit m ust be presented in order th a t this advance may
be noted thereon. The M arch coupons were purchased at
their face value, $25 each. I t is understood th a t th e afore­
said firm will issue a reorganization plan as soon as conditions
are propitious as regards the soft coal business.
Coupon Payment.—Coupons due Sept. 1st, 1897, on th e Co­
lum bus & Toledo second m ortgage 7 per cent bonds is being
paid by th e receiver upon presentation a t th e office of the
State T rust Co., 100 Broadway, New York— V, 65. n. 277.

THE CHRONICLE

412

[VOL. L.XV

New York &Ottawa R R . —New L in e .—r'his company has
F l h t A Here Mxrqueite RR.—Purchase Money Mortgage
for $ 400,000 on Toledo E x t f n n o n . The stockholders of the acqui^d the Northern New York RR., ex ending from Tupp r’s
Monroe & Toledo Railway Co. have voted to sell their road
to the Flint & Pere Marquette RR. Co. for $400,000. the lastnamed company to issue a purchase money mortgage for
that amount. The Monroe & Toledo was built iu the inter­
est of the Flint & Pere Mar. and is 18% miles in length,
extending from Monroe to a junction with the Ann Arnor
Railway at a point 614 miles from Toledo. Entrance into
the city is obtained under a trackage agreement with the
Ann Arbor Company. The extension has been iu operation
since Nov. 16. 1896, and its total cost to the Flint & Pere
Marquette to Jan. 1, 1897, was $346,884. this amount being
carried along in bills payable. The making of the purchase
money mortgage for $4hO000 will therefore fund this cost
and subsequent expenditures and cause a corresponding
.reduction in the company’s floating debt.—V. 64, p. 796.

Lake, in the Adirondacks, to Moira, 56 miles. It is pr/pjsed
to extend the road to a point on the Sf. Laurence River, op­
posite Cornwall, Canada. A $40o,0l)0 bridge is to be built
and a connection made to Ottawa. The application to build
the 18 miles from Moira to the S '. Lawrerce River is now
pending before the New York State Riilrpad Commissioners.
The capitalization of the N. Y.& O. RR. On. is $3,000,000 each
in stock and bonds. The latter will be issued at 'he rate of
$10,000 a mile. George Foster P. abud.v is Chairman of the
board of directors of the railroad c im >aoy ami George W.
Parker, late President of the S'. Louis Al on &Terre Haute
RR., is President of the New Y rh & Ottawa Company that
has the contract for building the line.

Northern Pacific Ry.— F in a l C a 'I o f M is s o u r i D i v is io n
B o n d s .—
The final call for the paymeut Nov. 1 of all the out­
O ct. 1 .— standing Missouri diviion bonds wa- made September 1 , see

Hor ston te T<xas Central RII.—Debentures Due
The debenture bonds maturing Oct. 1, 1897 (aggregating
$1, 16.(4 0), will be paid at maturity at the Central Trust Co.
In response to inquiries from bondholders in respect to its
willingness to extend or renew the loan, the company
states that it will offer to renew bonds to an amount not
exceeding $6"0,000, exchanging therefor its debenture bonds
of the like character, guaranteed by the Southern Pacific Co.,
maturing Oct. 1, !9'’2, bearing 5 percent interest. The Oct. 1
coupon on maturing bonds will be cashed at the Central
Trust Co. on and after Sept. 15.—V. 64, p. 1137.
Hudson Tnnnel Ry.—F o re c lo s u re S u i t B e g u n . —Lord, Day
& Lord, the legal representatives of the English bondhold­
ers, have brought suit to foreclose the company’s mortgage
preparatory to reorganization under the plan in the Chron
ic le of July 25, 1896, p. 154. This plan contemplates the
completion of the tunnel.—V. 63, p. 154.
Indianapolis Andergon &Marion (Electric) fly.— R eceiver
A p p l ie d F o r .—The M. F. Maline Company of Chicago has
applied for a receiver for this partially constructed electric
road. It is claimed the road is insolvent and that failure to
continue construction endangers its franchises. N. J. Clodfelter, of Indianapolis, was President of the company.

Lancaster A|‘Iumden R R . —S o ld U n d e r O r d e r o f C o u r t .—
This road was sold at auction at Columbus. Ohio. Sept 2,
under order of Court to satisfy a judgment to Col. William
H. Stevenson of New York for $15".000. The purchaser, it
is said, hopes to extend the road to Columbus; it now runs
from Stoutsville on the Cincinnati & Muskingum Valley Ry.
south to South Bloomingdale, 22 miles.
Lehigh Valley R R . —E a r n in g s i n N e w Y o r k S ta te . —The
lines in New York State, total, 597 miles, report for the quar­
ter and the twelve months ending June 30 as follows:
3 m onths en d in g
O oss
•time 30—
ta m in g s .
1897......................... $1,209,464
1 8 9 6 ......................... 1,262,659
12 m onths—
1896-97....................$5,609,405
1895-96................... 5,134,281
—V. 65, p. 112.

N et
earnings.
$361,470
359,884

Interest
taxes, dc.
$248,104
259,109

Balance.
$113,366
100,775

$2,031,092
1,644,640

$1,051,868
954,939

$979,224
689,701

Lincoln Street Ry.—P l a n A d o p t e d .— At'the meeting Aug.
28, the plan of reorganization was adopted. Copies thereof
can be had at the New York Security & Trust Co., 46 Wall
Street, New York, or from Frank H. Carter. Secretary Re­
organization Committee, at Room 447, 32 Liberty Street,
New York.—Y. 65, p. 277.

announcement in another column. Last fall all the Pend
d’Oreille bonds were paid off and the discharge of these two
mortgages is now being arranged. This action shows the
successful progress of the plans for the unification of the
Northern Pacific property and its debt contemplated nnder
the plan of reorganization. Additional conversions of the
general first mortgage bond#- have reduced the amount of
these bonds now oustanding to Si14,7 3,0( 0, This makes $25,648.000 that have been converted and deposited under the
prior lien mortgage.
R i . h t to C o n v e r t G e n e ra l F i r s t 6s to T e r m in a te N ov. 1 —
The company gives notice under date of Sept. 1 that the
right to convert general first mortgage bonds of 1881 into
prior lien bonds on the basis of $1,32 prior liens for each
$1,0( 0 general firsts will terminate Nov. 1. Should the com­
pany decide to continue the Tight to convert these bonds
after Nov. 1, the terms for such conversion will be an­
nounced. General firsts for conversion should be deposited
with J P. Morgan & Co.
L a n d S a le s —The company’s Land Commissioner reports
that the number of individual sales of land by the company
during the fiscal year ended June 30, 1897, exceeded those of
any previous year. Nearly all were made to farmers for
actual settlement and improvement. Tne largest sales were
made in Central Minnesota and North Dakota.
S a le o f S y n d ic a te H o ld in g s . J. P. Morgan & Co., repre­
senting the reorganization syndicate, have sold a large block
of Northern Pacific 3s, which practically closes out the syn­
dicate holdings of the bonds. TUe amount is said to be
about $2 000,000 and the price 60 and inteiest.
N e w O fficers .—The company, under date of Ang. 35, makes
official announcement that at a meeting of the board of
directors, held Aug. 12th, 1897, Mr. Charles S. Mellen was
elected President, with office in St. Paul, to succeed Mr. Ed­
win W. Winter, resigned. Col. Daniel S. Lamont was
elected Vice-President, both appointments effective Sept. 1,
1897. Vice-President Lamont assumed his duties in St. Paul
on the first instant and President Meilen is expected there
on the 6 th instant.—V. 65, p. 278.
0 regon Improvement Co.—
A g r e e m e n t R e a c h e d . —An agree
ment has been reached between the Waterbury Reorganiza­
tion Committee and the Rolston Committee, representing the
consolidated bonds. The latter bonds and the preferred
stock are to pay the same assessment as originally proposed
by the Waterbury plan, namely 12 J£ per cent, but they will
receive therefor fir s t preference five per cent stock and for
the principal of their holdings 60 per cent in se c o n d preferred
stock and 4" per cent in common. The terms originally of­
fered were 62J^ per cent of the principal of their holdings in
preferred stock (all of one class) and 75 per cent in common
stock, these amounts to represent both the old securities and
the assessment thereon. The old common pays li1 per cent,
receiving 10 per cent in fir s t preference stock and 6 " per. cent
in new common, instead of 10 per cent in p r e f e r r e d and 50
per cent in new common, as first offered. The principal
change in the original plan, it will be noted, is the issue of
f ir s t preference stock for the assessment.
The new capitalization, as compared with that previously
proposed, will be as follows:

Long Island RR.—E a s t R i v e r T u n n e l.— President Bald­
win during a visit of a few weeks’ duration abroad, will in­
spect the London underground railway systems in operation
and nnder construction with reference to their beaxing on the
problem of connecting his road with New York City by tun­
nel. Soon after his return it is hoped that work on the tunnel
and the Atlantic Avenue improvement will be begun.
The delay thus far is said to be largely due to the unwilling­
ness of the Atlantic Avenue RR. to accept the consideration
offered for the right to make the proposed change on At­
lantic Avenue, especially as regards the right to run electric
F irst proposed. Present p la n .
F irst m ortgage 5 per cent bonds................... $5,000,000
$5,00o OOO
cars on the surface for local travel.—V. 65, p. 326.
Marshall Coal Co.—F o re c lo s u re S a le No-v. 2 5 .—The prop­
erty of this Colorado corporation is advertised to he sold at
auction at Denver, Col., Nov. 25, under foreclosure of a
mortgage of 1890 for $400,000 to the Knickerbocker Trust Co
as trustee.—Y. 65, p. 69.

F irst preference 5 per cent stock ........................................
Secon d preferred 4 per cent s t o c k .....................................
Preferred stock 4 per cen t............................... 5,000,000
Common stock ...................................................... 9,000,000

1,525,000
4,000,000

7,000,000

Of the bonds, $500,000 will remain in the treasury of the
new company. Agreeably with the agreement reached, the
Farmers’ Loan & Trust Co. certificates of deposit have been
transferred to the Manhattan Trust Co.—V. 60 , p. 328.

Mutual Fire Insurance.—Manhattan Fire Insnrance
New York. — C h a n g e o t N a m e .— The directors of the Mutual
Oregon Short Line RR.—Income “A” I n te r e s t .—The inter
Fire Insurance Co. of this city on Aug. 30 decided to change est payment announced on account of coupon No. 1 on in­
the name of the company to the Manhattan Fire Insurance come “A” bonds is being made at the rate of $40 on each
Co. Its capital also will.be increased to $250,000.
coupon at the office of the Guaranty Trust Oo., 65 Cedar
Street, New York, or at the Old Colony Trust Co., Ames
New York &East River Has.—Equitable Has.— T im e f o r Building, Boston.
D e p o s it o f S to c k E x te n d e d u n t i l O ct. 1 — Referring to its
“ B" In c o m e B o n d s R e a d y f o r D i s t r i b u t i o n .— Certificates of
circular ot July 16, 1897 (see C h r o n ic l e of July 17, p ill) deposit for Oregon Short Line & Utah Northern Ry. Co. col­
the Central Trust Co., at the request of holders of stock of lateral trust bonds are now exchangeable for Oregon Short
both of the above companies, has extended the time for the Line RR. “B” income bonds issued under the plan of reor­
deposit of stock of said companies until the 1st day of Octo- ganization, on presentation at the office of the State Trust
Co., 100 Broadway, New York.—V. 65, p. 368.

September 4, 1897.]

THE CHRONICLE

P ennsylvania ItR .-S in d - on Unlisted Department o f New
York Shk-k Sxch m g r.—The com pany’s stock has lately been
placed on the unlisted departm ent of the Hew Y ork Stock
E xchange.—V. 65, p. 308.
P eo ria Ite ra to r v Evansville RR.—Time f o r D e p o s its E x ­
tend d to Oct, l - T h e Scndder Committee has extended th e
lim it fo r receiving deposits of bonds and subscriptions under
th e plan of reorganization to Oct. 1st. 1897, as per advertise
m ent in another column. The com mittee considers th a t the
dep isits and subscriptions already received assure the success
of the plan, and the extension is given for the accom m oda­
tion of second m ortgage bondholders who have signified their
wish to subscribe.
S ix Months’ D fa u lt on Evansville division B onds.—The
M arch, 1897, c» upon on the Evansville Division bonds has now
been in detank over six m onths, perm itting foreclosure. The
default is attrib u ted to the order of Court providing for
separating the earnings of the tw o divisions, and the larger
sum s required for m aintenance.—V. 65, p. 828.

413

prospects along his line, especially in Arkansas and Missouri,
to be as good, if not better, th an any year in the history of
the road. As to the com pany’s proposed new line a t the
Mississippi River, he says:
We h av e a rra n g e d to b u ild from D elta bn our line i t M issouri to
G ray's Point, on th e M ississippi R iver wii-oli wlb give in a m ore s a t­
isfacto ry o u tlet th a n we h a ' e e v er had before. At. nur old O' ossinv to
C’a l.o wa alw ays bad a sa u d b ar, w hich forced o u r f - r r y to go m iles
..nt of the w.ty in dry w eather, a n d In w in ter we were blocked w ith
ice At G ray’s Point we h a v e a very sa tis fa c to ry or >ssimr. w hich h a s
been invest m ated by o u r engineers, an d th e y rep o rted th a t we will
not have iln-se d isa d v an tag es, and it cons cjaentlv should give a s a n
ou tlet w hich will Uring a g re a t d eal of a d d itio n al business.

To m eet the expense of th e new road the G ray’s P oint
Term inal Railw ay Company Ang. 31, 1896, an norized a
m ortgage for $500,000.—V. 64, p. 664; V. 63, p. 30.

S outhern Ry.—V irg in ia M>fb n l Ry. -E x o h a w e o f
Stock to terminate S-'pt- 8 >,—R eferring to" an offer hereto­
fore and form ally m ade by the Southern RaiLvay Co.' to
issue its preferred stock in exchange for stock of the Vir­
ginia Midland Railw ay Co., on tn e basis of 70 shares of
P neum atic T ra n sit C *.—Possible Confusion ns to Names. Southern preferred for 100 shares of Virginia Midland,
—The shares of the Electro Pneum atic T ransit Co. have been President Samuel Spencer gives notice th a t this offer w ill be
quite largely dealt in of late in New York and Philadelphia w ithdraw n on September 80 and th a t holders desiring to
make the conversion m ast do so a t th e office of J . P. Mor­
A press despatch from Philadelphia says :
gan & Co. on or before th a t date.—V. 65, p. 37.
W illiam J. K>iiy, Pre»M eat o f f&e P neum atic T ran sit Co. of Phila*
deipitm . au th o rized a pub! to atm ouHcetuattt tfiut hi* com p a n r hits no
affiliation w ith rh - E eo tro Ptom tit*tiu T ran sit Oo.—a c«nc-»r« whose
Third Avenue ll.R. ( V. Y. City ).—Q u a r te r l y . —Earnings for
chart*-? wm m e l t e d o j th e G overnor of ?few Ja rg ey iu a proolam it ion th e q u arter and six m onths ending Ja n e 30 have been red a te d May 4, 1*97. sir, Kelly m ift h e mmkm the aanotineem eos by a
orted as follows :
d esire to p ro te c t ilia fMtfyiio from ni'St*k>*A arlalaie from a ooufusuia of

th e tw o titles- I b e P neum atic fratt*U Oft. o f Phil*d*-ipl*Ia!« a solvent
oorpofm tlon w ith a lim ited c*ptt*i ow aed hr a f-jw bu-rlac** cihvi. w ith
©one of it#, stock In th e m a r k e t It operate* a Po** Ohio * mb** in
P h ila ielphfa. and seenred c »otract# w lih th e G overnm ent to e o a n e t
th e p o sta l #t&liuBJ* la Jf«w V«>r fc* nd Broo klyn, fh e com p %ay i • now
h asy m anttfaotari& g th e New York tube# a t it# facto ry , w hich is r u n '
Ring night and d a> .

R apid T rs n -tt in New York CHy,— W ork Delayed.—The
P ark Commissioners on A ugust 80 refused to approve the
am ended plans of the Rapid T ransit Commission m relation
to the Battery loops, and rejected th e original plaus after
the reading of a report showing th a t they would entail dam ­
ag e to the park. A delay of three or four mouths, it is
claim ed, will be caused by this action.—V. 64. p. 0 il.
Reading C o m p a n y F ist'd Y ear Changed to Brain J u ly t.
—The company has changed its fiscal year to begin on J u ly
1. H ereafter the earnings will be reported iu comparison
w ith the corresponding months of the previous fiscal year
from th a t date. The statem ent issued this week will be
found in ou r earnings departm ent.
Sale o f Sywlia Je. Holdings J. P. Morgan & Co., as
m anagers of the reorganization underw riting syndicate,
have sold to a syndicate represented by t . You Hoffman *&
Co. $8,000,000 genera! m ortgage 4 per cent bonds—toe la d
of the securities acquired by the underw riting syndicate.
The purchasing syndicate is disposing of th e boncla at p ri­
vate sale.—V. 66, p. 278.
St. Law rence Pow er Company of Mfuwwta.—Stock and
Bonds.—The stockholders voted Pridav to authorize an in­
crease of the capital stock from $200,000 to $6,10/0.000, of
which $3,000,000 to he cum ulative 7 per c*st.i preferred stoca,
with preference also as to paym ent of principal in case of a
liquidation or tstb* r distribution of the a-.ets of toe com ­
pany, T hirty year « per cent gold bonds for #8,000,000
have been placed in Europe, secured by n mortgage under
which th e United States Mortgage & Trust Company, of New
York, and M atbnon & Co., of London, bankers, act as
trustee*. The ' tlicers of the company are Wm C. Lane.
P re sid e d ; S, H. Car dyne Stew art, V ice-P resident; Carlton
fi. Reeve, Secretary : William C\ Cox, Treasurer, The com­
pany V t dice is a: 40 Wall Street.
The “'New York Times'’ on Sunday quote i Jo h n Bogart,
who has charge of the engineering Wont of the com pany,
In p a rt as follows:

mo*, rutting
J u n e 30.
l - ‘.“7 .................
1 * 9 , .................
0 months.
1*67 ...............
1896 . . . . . . . . . . .

tirom
Xet
Other Intercut,
earnings,
earnings, income, taxes, e'e. Balance.
*589.173
$.13 1,659 $11,487 $»2. .1 *363,4,25
708,374
331,709
10.7 2
H i,780
275,701

*1,256,492
1,292,915

$522,5X4 $24,965 $1*4,542
$162,937
58.1,044
23 330 1 0 7 ,U 0 438,964

Loans and bills payable Ju n e 30, 1897, $1,675,000, against
$!,b75,*iOO on Jn ly 1, 1796.—V. 63, p. 194.

Trow Otreclory Printing A Book Binding.—Official

Explanation,—As t >the permisxi >n grant -.1 to can receiver
of ibo old Trow Printing & B ms Blading Co. to institute
• r. deeding* against lire Trow Direct oy Printing & Bo ik
Binding Oo. on an c-x parte application, Pailip H athaw ay
of ibe latter company says in p a r t :

My B oard a r e ad vised h r ttrelr counsel th a t tho p re se n t oompnny h vto* P»id la n »n I faith a n am iil« oousidnratlou f o r th e prop?
eriy iiurchased from ih e old o o o ip ao y lo I s m , l s d tio to *uoli prop­
e rly Is ole r and unassailable, and t b u any claim to reape it o f an y
•liw k-d improper distrlbiittoii o t the p irc.iaso m ouoy m u st bo m ade
oiralnst tire p a rti' - by whom tin? distrib u tio n w as m ade, an d n o t
tigainst my c o m p a n y .-V . 65, p, 363.

U nion Pacific R y .—Order P erm itting ISnle o f S e c u r itie s
Deposited fo r Gold .VPas 6* o f 1891 —£n th e foreclosure su it
of tire trustees ad d er tire collateral tru st deed of 1891, secarlag the gold notes 3s {Morgan notes), J u l <o L acom oeof the
U nited States C ircntt Court on Thursday issued an order
granting the trustees authority to sell from tim e to tim e the
collateral securing the loan a ul to apply the pr meeds to the
paym ent of principal and in terest of the outstanding notes.
Monthly reports ot the sales will be filed w ith the Clerk of
the United States C ircuit C jn rt. In his order perm itting the
sale Judge Lseom be says th a t it may be proceeded with
“'notw ithstanding the pending of th e proceedings” of the suit
to foreclose the deed of trust. In other words, the order
allows the trustees to conduct th e tru st as heretofore, not­
w ithstanding the in stitu tio n of foreclosure proceedings.—
V. 86, p. 276

Union Pacific Lincoln A Colorado Ry.—Final N otice.Deposits to be Ryonred till Oct. 1. — The Co tin g Bondholders’
Commute*: gives notice that nonds may tie domiaued under
the agreement of April 5,1897, up to ami iticlu ling Oot, 1,
1897. a t e i t h e r lb Obi Colony Trust Co. in B .siod or t h e
Guaranty Trust Co. in New York, After Oct, 1, 1897,
oopds wifi not be receive 1 for deposit except in tne discretion
" l'iilo n e pl;:.
•: r e n d itio n , h ave m ade i»o • Ohio a g re a t develo p - of the committee and upon such term s as it may see fit to Im­
Miont o f tsjwis# a t
w ith r e m p u t af.l v f y m odern to m itlay. Toe pose. The Secretary of the committee is George W, Daven­
vblnuO) o f flc j fir, t a t f . ; s n > slif;n* is «> great >> I f {.rifl.-r . t.v’nUi t»n port, No. 9 Tretnom Street, Boston, M tss. The com mittee, i t
k la u t, coatlB iusi., iHitrer to a n e x te n t t e r beyond a n y th in g th a t tile la Stated, has now on deposit $3.572,001 bonds out of a total
w orld h a . ever attem pted. S outherly from tbo -outh em shore of the
issue
of about $4,380,000,—-V. 04, p. 718.
SX, f.awreii«cv»b,»re th e t e m g Stwtito C apM - th e re e x te n d s a coniparattv ely lev ei p iatetu t a t th re e tttUe*. w hfi'f it m eetf th e VaU*fy or the
ftiv er, th e w a te r in w hich a t till* p ain t Is about forty live f e e t
below th a t of th e St.
above th e rapbla, A viuiai carry in g tiio
w aters ot in - s t . i.-iw renre from a p o in t abovo tin* ra p ’d- io th e
valley o f th e 14rac« H irer will d eliv er th e w a te r upon to rs i no w heels
>i tn

m

ifi-ito if 11 f i « . v . f ffrs r i f f ,

t i ; :•* «ii- fit , iv r if- iHifiiating

the turbines, will re-enter the St. Lawrence below the rapids.
The oom pabv’v canal w in c a m ' sa d leien t w a te r to develop 150,000
horse i v w t , At tan f r i o lijv-i-r a pow er hoove will - built an d fu r­
nished w ith tu rb in es s o d eitxjtrio gnaerators wtleient to devetop
before tit- close of ti er y e a r 1 Slid electricity to Uie e x te n t o f 75,000
h o rse p o w e r. T h ere -will tie thus av ailab le for fu tu re u se eu tlio ian t
w a te r to double th is unmreiiat© o u tn ttt. rite, e a h i l will be 225 feet
w ide a n d have a d e p th of 25 feet. T bo pow er house wlU bo be t ween
3PO an d 6 0 0 feet long an d 130 fe e t wide.
A larg e tnojof tty u? toe pow er hire been ta k e n by a sy n d ic a te w hich
Intend* t o use it chiefly for electro-chemical manufacturing. It will
ta k e until f eu-em ber of u - et year to eoHipletc co n stru ctio n .

S tew art & Co, of Wall .Street, and the Crown Exploration
Company a id associates of London, represented by Sew ard
G uthrie & Steeie of this city, are back of the enterprise.
C ontracts for th e work have been closed,
St. Lonls S o n th we*to rn Ry,—Wray's P o in t T erm ln a te S T
— Prospects and Yew? Connection.— Edw in G ould reports the

U nited Gas Im p ro v em en t.—Offer to Lease Philadelphia
Gos Works. The Philadelphia City Council on Thursday re ­
ceived from the U nited Gas Im provem ent Co. a proposition
to lease the city gas works for a period of th irty years,the
city to have the privilege of term inating th e coutract a t the
end of ten years npou paym ent of the cost of extensions
and improvements. The company agrees to pay $ ,000,bOO
for supplies on hand, an indemnity bond for a like am ount, ^
annual sums aggregating .436,725,i»0) in th irty years, and
re-transfer to the city the improved plant at the end of th a t
period. The city is to be furnished free light for its streets
and public buildings, and the price to private consumers is to
rem ain a t $1, subject to changes by Councils, w hich shall
not, however, reduce it below 90 cents before December,
1&>7; 85 cents before 1908; 80 cents before 1913, or 75 cents
before 19i§. A company called or to be called the Philadel­
phia Gas Co. also offered to make a twenty-five year lease
of the property,—V, 63, p. 42,
are r o r o th e r Invent m ent Item * *ee i>n*e 4 1 9 .

414

THE CHHOMi lE.
R

e p o r t s

a n d

ILLINOIS C E N T R A L

J b e u m

[VOL. L X V .

j e u t s ,

RAILROAD COM PANY.

FORTY-SEVENTH ANNUAL REPORT OF THE DIRECTORS TO THE STOCKHOLDERS.
The number of miles operated by the Illinois Central Railroad Company throughout the past year has been 3,130, ex­
clusive of the 456 miles of railway lately belonging to the Chesapeake Ohio & Southwestern Railroad Company and the
corporations affiliated therewith, and the 807 miles owned and operated by the Yazoo & Mississippi Valley Railroad Com­
pany. The St. Louis Alton & Terre Haute System having been leased to the Illinois Central on October 1, 1895, the aver­
age'number of miles operated in the year preceding the one now reported on was 3,067. The increase in miles operated
has this year beer. 63 miles, or 3-05 per cent.
O
A , onn
’
'
The following is a summary of the Company’s business for the year ended June 30, 189/ :
$ 2 2 ,110,937 04
15,735,884 39

Gross R eceipts from Traffic...........
E xp en ses of Operation and Taxes
N et R eceipts
N et R eceipts
Incom e from
Incom e from

...................................................... $6,375,052 65
...................................................... 53,440 09
$2,068,896 25
41,860 00
2,110,756 25

from Traffic....................................................
from Sale of Lands........................................
Investm ents, and M iscellaneous Profits.
Investm ents in Surplus Dividend Fund.

Total N et R eceip ts............................................................................ ........ ..........................................................................................................
Surplus Dividend Fund brought forward June 30 ,1 8 9 6 , as shown in la st R eport.......................................................................................

$8,539,248 99
920,910 96

A vailable for F ixed Charges and Dividends............................................................................................................................................ ................

$9,460,159 95

From this there have been paid :
In terest on the Funded D ebt, and Bonds drawn under Sinking Fnnd.
Rent of the Chicago St, Louis & New Orleans R R .....................................
N et Rent of the Dubuque 4c Sioux City R R ..................................................
Net R ent of the St. Louis A lton & Terre H aute RR ..................................

.......................... $3,239.973 37
$1,648,905 00
531,193 35
3 40,627 30
2,520,725 65
5,760,698 02

Total F ixed Charges and Rent.
Leaving A vailab le............................................................................................................................ ...................................................................
From which sum your Directors have bv resolution set apart to provide for future B etterm en ts................................ $150,000 00
And there have been taken the D ividends payable March 1 and September 1 ,1 8 9 7 (5 per cent on $ 5 2 ,5 0 0 ,0 0 0 )... 2,625,000 00

$3,699,461 93

There has been carried forward to Surplus Dividend Fund, as of June 3 0 ,1 8 9 7 , and set apart as applicable to fu ­
ture D ividends......................................................................................................................................................................... ......................................

2,775,000 00
$924,461 93

As compared w ith the preceding year:
Gross Receipts from Traffic have increased................................................................................................................................... $108,094 69 or
*49 per (
<(
E xpenses o f Operation and Taxes have increased............................................................................................. ......................... 773,608 62 “
5-17
It
N et Receipts from Traffic have decreased...................................................................................................................................... 665,513 93 “
9-45
N et Receipts from Lands have decreased......................................... ...........................................................................................
32,345 82 “ 37-70
“
Income from in vestm en ts and M iscellaneous Profits, including Incom e from In vestm en ts of Surplus Dividend
1C
Fund, have increased............................................................................................................................................. , ......................... 278,078 74 “ 1 5 1 8
Total N et Receipt have decreased....................................................................................................................................................... 419,781 01 “
4-69
it
The sum Available for Fixed Charges and Dividends has decreased...................................................................................... 319,055 58 “
3-26
Fixed Charges and Rent, to wit:
In terest on Funded Debt, Bonds drawn under Sinking Fund, and the Rent of C. St. L. & N. O. RR., of D. & S. C.
it
RR. and of st. L. A. & T. H. RR. have decreased......................................... ........................................................................... 112,606 55 "
1-92
itThe sum Available for Dividends has decreased................................................................... ...................................................... 206,449 03 “
5-29
“
The sum appropriated for future Betterm ents has decreased................................................................................................... 272,500 00 “ 64 50
ft
Div-i lcnds have increased..................................................................................................................................................................... 62,500 00 “
2-44
ft
Surplus Dividend Fund has been augmented b y ......................................................................................................................... .
3,550 97 “
•39
The Receipts from Passengers have b e e n ..............................................................................................................................
$4,214,461 45
a decrease of 4 T 0 per cent, o r.......................................................................................................................................... ................ $180,309 86
The Receipts from F reight have b e e n .....................................................................................................................................
15,162,018 66
an increase of -89 per cent, o r .......................................................................................................................................................... $133,915 02
The Receipts from Express, Mail and other souroes have b een .......................................................................................
2,734,456 93
an increase of 5-99 per cent, o r......................................................................................................................................................... $154,489 53 li 33i]RU
-ft 94080

During the first half of the fiscal year—July 1st to December 31, 1896—the gross receipts from traffic decreased
$219,553 07; and the net receipts decreased $786,599 60. While, in the second half of the year—from January 1st to June
30, 1897—the gross receipts increased $327,647 76, and the net receipts increased $121,085 67.
EXPENSES OF OPERATION.

The proportion of the Expenses of Operation, including Taxes, to the Gross Receipts from Traffic has been 71-17 per
cent, an increase of 317 per cent compared with the year preceding.
This increase, while in part due to the better service afforded to the traveling public and to the larger tonnage moved,
has been chiefly caused by a steady adherence to the policy of improving the Standards of Maintenance by direct charges
to current income. The greater part of the increase has been in Maintenance ol Way and Structures and Maintenance of
Equipment. There have, this year, been expended for those purposes $6 307,029 12, being 28-525 per cent of the gross
receipts, while there was so expended during the preceding year, $5,748,635 27, or 26-127 per cent of the gross receipts.
During the latter half of the year your Directors purchased, at exceedingly low prices, substantially two years’ supply
of steel rails. There have this year been used in renewals and charged to Maintenance of Way, 30,155 tons of new steel
rails, as against 18,092 tons so charged in the year before.
The Company has 703 locomotives, 575 passenger cars and 23,235 freight cars, all of which, except 10 locomotives
were, at the close of the year, actually on the track and fit for service.
’
Contracts have been made for the purchase of new locomotives to replace those out of service, with funds already pro­
vided for that purpose from charges made to Maintenance of Equipment. The Company is therefore able to handle
promptly an increased tonnage.
SECOND TRACK.

A steadily increasing traffic has made necessary the extension, by 31 miles, of the second track in Southern and Cen­
tral Illinois, for which purpose $423,703 18 was this year disbursed and charged to Capital Account.
MOUND CITY RAILWAY.

The entire Capital Stock of the Mound City Railway was purchased in 1882, and that railroad was, until June 30
1896, operated separately. The increased traffic, largely in lumber from the Ohio River at Mound City, made it necessary
to rebuild the railroad so as to admit of service over it with standard cars and engines. The railroad is 2-87 miles lone
and has cost $12,741 73.
6’
FLOODS.

The Levees which protect the territory traversed by the Illinois Central Railroad through the swamps north of New
Orleans having been held intact, in spite of the water rising higher than ever before, the floods in the Mississippi River,
which inflicted such great damage on other railroads, did not interrupt traffic on or damage the main line of the Illinois
Central Railroad.
INSURANCE AND SINKING FUNDS.

The assets in the Insurance Fund amount to $409,526 72, an increase during the year of $67,364 59.
The Trustees of the Cairo Bridge Fund hold $307,783 02, invested in securities authorized by the Mortgage being S45 210 92 more than they held at this lime ast year.
8 s ’
° 9 ’
i. . Tl>e Trustees of the Western Lines Sinking Fund hold $98,469 78, invested in securities authorized >by the Mortgage,
being $50,586 18 more than they held at this time last year.
1*
6 e ’
■1

___ K 3

{CHARGES TO CAPITAL.

As shown in greater detail in the accompanying tables, the outlay on Capita Account has been as follows ;

SkPTEilBEB 4, 1697.]

THE ( HR0N1CLE.

415

Illin o is C en tral R a ilr o a d ...............................................................
Chic asp & SpAngHcld R ailroad...................................................
K an tekae & Southwestern Railroad ......................................
Chicago H a v e s A W estern Railroad ......................................
Chicago Madison * Northern Railroad......................................

$ 2 ,1 6 8 ,3 4 5 42
6 ,7 5 7 5 2
4 89 76
3,0 2 2 25
6,8 5 8 7 5
2 4 3 .7 2 0 26
4 7 7 87
7 9 5 47
2 2 2 ,4 0 6 4 8 $ 2 ,6 3 2 ,9 6 3 78

Chicago St. Louis * New Orleans R ailroad....... .................

Y a z o o 5: M D .-U sippt V a lle y R a i lr o a d .............................................
C a n to n A b e rd e e n * V a.l'-viU e R a ilro a d ....................................
S t. t o o l s A lla n .v T e rra H a u te R a ilro a d , a n d L e a se d L in e s
Of

which th e r e was p ro v id e d fromIlia Fun

r B et torments s e t a p a r t fro m th e e a r n in g s o f th e r e a r e n d e d J a n e 30, 1 8 9 6 ..........

Leaving charged to Capital

4 2 2 ,5 0 0 00
$ 2 ,2 3 0 ,4 6 3 7 8

REFUNDING,

A dvantage has been taken of the low rates for money and of th e Company's high credit to co n tract for th e refu n d in g
and one-half per cent the |2,t,HW,(h)0 of Illinois C entral Springfield Division Six Per Cent Bonds w hich will m atu re
Jan . i. ISis, and the 31,859 .ooo of Chicago S t. Louis & New Orleans RR. Co. Seven Per Cent Bonds m a tu rin g Nov. 1. 1897,
ST. LOUIS DIVISION.

The lease, on O ctober 1. 1
of the St. Louis Alton & Terre H aute System b ro u g h t w ith it th e control of six o th e r
sm all railways which had been operated by-the St. Louis Alton & Terre H au te Company under separate leases for ren ts
based upon varying percentages of th e ir gross receipts, th e whole ag gregating 280 miles in length.
To simplify" the conduct of business and to secure the profits to be derived front th e reduction of in terest on bonds
bearing four, five. six. .-even and eight per cent, as well as from the grow th of th e earnings of those railways, steps have
been taken k> >king to the eventual ae.j obi lion of substantially all of th e rem aining bonds an d other interests in each of
those seven companies. In this direction m aterial and satisfactory progress has been made.
fo j.i-ovid- m ean- for paying and funding th e first m ortgage bonds of those com panies, an d oth er purposes relatin g to
i L .................
i Jet exceeding 8 10 .0(10,000 of Illinois C entral St. Louis Division
Three and One-half Per Cent Bon is. t , be secured by a First Mortgage on the railw ays form erly operated by th e St. Louis
lading th e term inals in E ast St. Louis owned by th a t Company, an d other lands ac­
quired in th a t city. These Bond- form p a rt of an issue of not exceeding §15,000,000, of w hich §5,000,000, bearing th ree per
cent Interest . are r e s e r v e d to be exchange i for the Illinois C entral RR. Co.’s Three P er C ent St. Louis Division Gold Bonds
of 1951, authorized la st year, thus m aking th e eventual m axim um fixed charge §500,000 per annum .
L O U IS V IL L E

D IV IS IO N .

Delay* incident to th e foreclosure and reorganization of the properties affiliated w ith the Chesapeake Ohio & South
w estern k a i l r .i 1. and tic- necessity of spec lily bringing the physical condition of it.- m ain line, front Memphis to L ouis­
ville, up to our standards, have heretofore m ade it necessary to apply tile earnings of th e road to th a t purpose, and to keep
th e account- thereof entirely distinct an f separate from those of the Illinois C entral. The im provem ent of th e p erm an en t
way. structures and equipm ent has progressed to such a point- th at, beginning w ith Ju ly I. 1897, th e receipts and expenses
■s:> h -i in rh
u t-a n d rep o rt-o f the Illinois C entral, in w hich
irgcd.v charged directly to expenses of operation.
C ontracts have been ma le for th e issue and -ale of not exceeding $30,000,000 of Illinois Central RR. t o.’s Three a n d
o n e -h a lf p.-,- Cent 1, m i-vill-D ivision Bon I-. to be scoured by a Fir.-t .Mortgage on th e Chesapeake Ohio & Southw estern,
the O w n s dot , Fail- of Rough & K to n River and the Short* Route Railway T ransfer in Louisville, to g eth er w ith the te r­
m inals in L ciisviUe and Memphis, and other lands us- I in connection w ith those railw ays. These bonds form p a rt of au
authorize 1 issue of §A.0<>i>,o:)'/, th rem aining $5,>i w.o>t) being reserved for future acquisitions, actu al additions to an d ex ­
t e n s io n - ..'
ijie rtie s w h ic h w ill h e r e a f te r b e known a - t h e L o u isv ille D iv isio n o f tin* Illin o is O u t r a l R a ilro a d .
.Vs provided in a proposed lease of all the-? properties, your Company will h ereafter receive th e surplus earnings of th e
Loui-viue Division over an l above the interest charge at three and one-half per cent per annum on $20,009,000.
fh>- gross receipts of the properties (.‘i n k c-c 1 in the Louisville Division have, in recent years, exceeded $2,501,000. In
tlie condition t > w hich they have now been brought, it is beyond d-mbt safe to a-sam e th a t they can be operated, an d th e
taxes paid, f a r less th an .seventy psr ce n t of th eir gross receipts.
D uring the three year- and a-half w hich huv clap- 1 since the issue, on J a n u a ry 1, 1391. of the Two-ten Bonds, for th e
purchase of Chesapeake Ohio & Southw estern securities, there has been paid o u t a n ’i deducted from th e cu rre n t income of
the Illinois C entral Railroad Company fur in te rest on such bonds. $714,000, being a yearly average of $204,171, w ithout
there ilaving been received by the Company, or shown in its reports, any corresponding income. This drain has now ceased.
ANNUAL M EETING

O F STOCKHOLDERS.

The atten tio n of the proprietors is invit** 1 to the following notice of a change in th e tim e of holding the an n u al m eett meeting. Of this a copy has already been mailed to
each stockholder of record on the books of the Company :
Noll, " 1, tcrmiiy given th a t p u rsu a n t I., the by la w . th e ammo* m eetin g of th e sto. kliolders o f tiio Illinois C entral R ailroad C om p an y
will b* held at the offleo of th e C o m p an r, in (lie City »f i s l a t e of fUmoU. on th e fttte e a tb d ay . being th e th ird W ednesday of S eptem ­
b er, ls'17 (or the utevtn.n of lilrv-rt rs n ad the tra n -a r ii.io of -rieli o th e r bn ♦Incus as m ay be su b m itted fo r aotlot), Inoluding th e follow ing
...... F ir e rti« approval of tin, p ro p o n -l I*-in-of th - C om pany - two m illion d o llars 8prin«!lold D ivision Ilrst m o rtg a g e th re e a n d oneh alt p e r .-on void nan is. icv, ,c>!c 1951 to r..(nn l nr re tire «!\ p e r c e n t e a m n .i v bond - of th e Com pany to said a m o u n t m a tu rin g J a n u a ry 1,
18-.H. IU ! of » m.<rU'h(,! of
b v l....... and Its fr m .-iil-e- -■ "it- 1 by th e Chicago .k SprlngBoM R ailroad C om pany as lesso r an d th e Illin o is
C e n tra; Rail o a ! Co-mecc,' v- l - » w .
*t:-5. rim tp o rm ..'o f Urn p ro p -----1 fawuo of the <' m a i M m l e u m illion d o llars St. Lout? D ivision a n d
te n u u m i tlr-i m ortgage t!ire« ,if>4 mm half per cent g.ild t>oij.Is, payable 1951. to fund or retire first m ortgage and o th e r o ldivailons an d to
provide ad d itio n s, im provem ent*. b etterm ent*. «u*„. np.ui the m ilro ad p ro p erties know n as dm s i Louis Division of the Com pany, an d h e re to ­
fore
4 i» a an I.T
d ii.-l O ctober t. I ?:> >. from iim St. U m U A lien A T erre H aute R ailroad C om pany am t th e B elleville At S o u th ern
rsu n o u R ailroad C om pany, an d d«-er!i>.-1 In tin* inert ipw* or deed of tr u s t, tinted J a m ta r t !. 1490. e n d th e a p p ro v a l o f a fu rth e r lease or said
p ro p e rtie s an d fnm . h u e - In - c 1 s t. I .mil- Alton A T.-rre II uitfi K atlroad Com pany to the Illinois C e n tral R ailroad C om pany, and of a su p p le ­
m en t .1 n i- rtv tg e >r d eM of rr,i*t to
.-,ii.;,| i.v -id le —<>r a n d lessee, th ird . The ap p ro v al of th e proposed Issue of th e C om pany's
tw e n ti m inion il-.d tr - U iaU rilk* D ivision and te n n ii al tlr.-t m o rtg a g e gold bunas. p ay ab le 1953. lining p a r t of an au th o rized issue o f tweut.v«ve m illion d o llar-, to be seotired by iir-t m ortgage l i e u upon th e railro ad s lately of th e C hesapeake Ohio <s South-western R ailroad Com pany, th e
. . r Rvtlroad cotitputiy and the Short Route Railway rraiisfer Company, to etlu
th curtain lands In

MetnpiiN, T.'itil -vltla and elsewhere along she line of sab! Chesapeake Ohio A Southwestern SoHroad, used or to he used in connection therewitit, and tlie approval nf a le.-i*** of said railroads and properties by the CUieago St, Louis tc New Orleans Railroad Company to the Illinois
• tid properties and franohlsv
nd lessee to secure said last-mentlonea bonds.
RESIDENT O W NERSHIP.

The |*1 in adopted four years ago of assisting those in th e employ of the Company in buying, through p artial paym ents!
i dli’.i officers anil employe-- other than members of the Board of
Directorsi now ow ning 1,989 shares, and in 1.034 having made p a rtia l paym ents on account of th e fu rth er purchase of
one shAfc a pic":*. Th- -1101 led 1 by th** C om pany for p artial paym ents on su ch purchases am ounted, a t th e close
st- payment
ivious to th e adoption of th is plan
few
f
Com
.
w we owtic 1 by those living on or n ea r th e railroad elsewhere than in Chicago. Cairo
an d N-w Orleans. Tip* p-in-ha—■>by employes have led t >buying by others living on th e line, and, a t present, th ere are
register*:'I on the Company's book- residents of every Shut ?a n d of almost every county served by the railroad.
11 tin.' s t u c k m u s t , in m a n y w a v s ’, h a v e a g o o d e f f e c t, a n d , in o r d e r t o
''
■
iv<*.
to i h - i r f u r t h e r o rd e r, g iv e n in s tr u c -

M

■ red addresses, to Chicago and return,

a t the tim e of the Meeting.
To- atten tio n of the Stockholder? i * invite I to the Report- of the V ice-President.'w ith accom panying Balance Sheet
and Vostrants, and to th a t of the Second Vice-President, w hich are attach ed hereto, and give, in g reater detail, the resu lts
o f t h e y e ir is b u s i n e s s .

YAZOO

A

M IS S IS S IP P I

VALLEY

R A IL R O A D .

Til- Yazoo & Mi.siissippt Valley Railroad Company reports the following OS th e result of operating its 807 miles of railwav formerly Louisville New O rleans & Texas Railway , for the year ended Ju n e 30. i 897:
fSrtHO Traffic.

Q ttm *

..............-..............................

O pem lioo E%p€fk^m to il Tax**#___- ......... ...........................................*..........
E .tf"--

" f

fnicrC'S-t <m
*

Receipt* "Vcr o,KTU!fim Expense- n id T .iu '* .................................................................... ..................... ............ $1,280,897 13

pni<1 «»ri Flr.*f

............................. ... .— ............ .............................
B o n d s— .. .. .

Intercut patdott Xnte#.......... ................
Mrptvti

............................................$ 3 ,9 3 6 ,5 1 3 20
' .................................. ....................................... 2 .6 7 5 ,6 1 0 07

.. ............................... . — ...................

.............**•

$673/2^0

00

1 7 ,242 72

f
.fl,260.f^i4 00
0 0 0 ,5 2 2 72

$570,44 1 28

416

THE CHRONICLE,

[Vol. LXY

Of this surplus the Directors of that Company have set apart $100,000, which, with $153,708 already disbursed and
charged to opwatio expenses, will replace the damage caused by the breaking of the levees of the Mississippi River, in
consequence of which tr a f f i c w a s i n t e r r u p t e d on that railroad from April 3 to June 14, 1897. The remainder of the surnlux SITU441 OS will as usual, on September 1st, be applied to the payment of arrears of interest on the Cumulative
r
■ --"I- new
st—
Mr
»aiiway Company, all of which ($9,104,000) are
Second Mortgage income aonus oi rue iiouisvine
owned by the Illinois Central.
. . .
.
The Illinois Central Raihoad Company having, during the year, acquired $250,000 of the First Mortgage Bonds of the
T, N. O. & T. Rv. Co., now owns the entire issue of those bonds, amounting to $16,832,000.
The growth of the Y. & M. V RR. is shown in the following table:
Tears.

M iles Operated.

189 2 -3 ......................................................................

807-27
807-27
807-27
807-27
807-27

1894-5......................................................................
1895-6......................................................................
1896-7......................................................................

E xpenses o f
Operation.

Oross Receipts.

$3,319,131
3,338,859
3,331,334
3,529,625
3,936,513

04
50
58
10
20

$2,463,653
2,280,370
2,290,207
2,234,625
2,550,633

47
20
50
51
98

Excess o f Gross
Receipts Over E xpenses o f Oper­
ation a n d l axes.

Taxes.

$96,337
89,091
90,058
103,708
124,982

89
4053
84
09

$759,139
909,397
951,068
1.191,290
1,260,897

68

90
55
75
13

By order of the Board of Directors,
ALEXANDER G. HACKSTAFF,

N e w Y o r k , August 18, 1897.

S tc r e ta r y .
GENERAL BALANCE SHEET.
R o a d a n d E q u ip m e n t :

Illin ois Central R R .........................................................................................................
Chicago A Springfield R R .............................................................................................
Kankakee A Southwestern RR....................................................................................
South Chicago RR.........................................................................................................
Blue Island R R ................................................................................................................
Chicago H avana & Western R R .................................................................................
Ran to til R R ........................ ............................................................................................
Chicago Madison A Northern RR........................ ......................................................
Chicago St. Louis & N ew Orleans R R ................................................................. .
Cauton Aberdeen A N ashville R R .............................................................................
Yazoo A M ississippi V alley RR. (Yazoo B ranch)..................................................
St. Louis A lton A Terre H aute RR. and Leased Lines......................................... .
Mound City R ailw ay.......................................................................................................
Lien on Dubuque A Sioux City RR. to secure 4 per cen t Western Lines B o n d s.

$50,476,225
1,701,064
1,436,578
245,640
65,234
1,832,574
575,672
10,043,599
35,119,578
1,904,587
2,324,539
7,306,592
12,741
5,425,000

35
'JO
41
48
68

84
33
08
16
63
18
91
73

00 $118,469,629 04

Stocks Owned
Bonds Owned.

$6,074,049 94
42,355,637 25

48,429,687 19

N et A ssets......................
Material and Supplies.

$1,561,856 00
1,710,169 80

3,272,025 80

.......................
$409,526 72
924,461 93

1,333,988 65

Chesapeake Ohio A Southwestern RR. Reorganization
A ssets in Insurance Fund......................................................
A ssets in Surplus Dividend F und......................................

706,043 09

$172,211,373 77
Capital Stock of Illinois Central RR. Co.:
Authorized..................................................
Less U nissued...........................................

$60,000,000 00
7,500,000 00

Issued and O utstanding......................................................................................................................................
Funded Debt of Illinois Central RR. Co.:
4 per cent Sterling Bonds of 1951, £ 4 9 9 ,6 0 0 ........................................................................................'.......
5 per cen t Siukiug Fund Bonds of 1903, £ 6 8 0 ,0 0 0 ............ ............................................................ ;............
5 per cen t Sterling Bonds of 1905, £ 2 0 0 ,0 0 0 .................................................................................................
3 per cent Sterling Bonds of 1951, £ 5 0 0 ,0 0 0 .........................................................................
................
4 per cen t F irst Mortgage Gold Bonds of 1951.............................................................................................
3^2 per cent First. Mortgage Gold Bonds of 1951..........................................................................................
8 per cent Sterling Bonds of 1950, £1 ,0 5 3 ,2 0 0 ............................. ........................................................
4 per cent Cairo Bridge Bonds of 1 9 5 0 ............................................................................................................ .
5 per cent Middle Division Bonds of 1921......................................................................................................
6 per cen t Springfield D ivision Bonds of 1898..............................................................................................
4 per cent Gold Bonds of 1 952........................................................................................................................... .
4 per cen t Gold Bonds of 1 9 5 3 .........................................................................................................................
4 per cent Two-Ten Gold Bonds of 1904.........................................................................................................
4 per cent Western Lines Gold Bonds of ’ 95 1 ...............................................................................................
3 per cent Certificates for St,. Louis Division Gold Bonds of 1951 ............ .............................................
3bj per cent Certificates for St. Louis D ivision & Terminal First M ortgage Gold Bonds of 1 9 5 1 ..
per cent Certificates for Louisville D ivision A Terminal First Mortgage Gold Bonds of 1953
Past-Due B jn d s.........................................................................................

$52,500,000 00
$2,498,000 00
3.400.000 00
Go
1. 000.
000
2.500.000 00
1.500.000 00
2.499.000 00
5.266.000 00
00
3.000.
000
968,000
2.000.
000
15.000.
000
00
00
25.000.
000
6.280.000 00
5.425.000 00
4,939,925 00
3.321.000 00
3.320.000 00
3,000 00
87,919,925 00

Leased Line Stock of Illinois Central RR. Co................................................
.
$ 10 ,000,000 00
Funded D ebt of Chicago St. Louis A New Orleans RR. Co —
7 per cent Bonds of 1897................................................................................................
1,359,000 00
6 p ercen t Bonds of 1 9 0 7 .................................................................................. “**"]...................*.........................................
80,000 00
5 per cent Gold Honda of 1951........................................................................V..’ V...........’ *.’ $16,555,000 00
Less owned by Illinois Central RR. Co. and pledged to secure £1,053,200 3 ^ per cent
Sterling Bonds of 1950, shown ab ove.......................................................................................... ....... 5,266,000 00
11,289,000 00
4 per cent Gold Bonds of 1951, Memnhis Division
3,500,000 00
Past-Due Bonds...............................................................
6,000 00
Profit and L o s s ................................_•....................................................
Set ap*rt to provide for Dividend payable September 1,1897.
Set apart to provide for B etterm en ts.............................................
Insurance Fu d ....................................................................................
$409,526 72
Surplus Dividend Fund..................................................................... ’
924,461 93!

26,234,000 00
2,760,960 12
1,312,500 00
150,000 00
1,333,988 65
$172,211,373 77

PERMANENT IMPROVEa
\IENTS CHARGED TO CAPITAL.
I llinois Central RR.—
Station Grounds acquired.........................
B u ild in g s................................. .=......................
Bidings..............................................................
• Water Works..................................................
Cattle Guards and C rossings.....................
Interlocking....................................................
Telegraph..............‘.........................................
Elevation of Tracks, Chicago....................
Block Signals, between Cobden and Makanda.............................................................
Approaoh to Cairo Bridge, Illinois Shore
Lake Front Improvements, Chicago.......
F illin g Slip “ C”. Chicago............................
Now Second Main Track, between
Branch Junction and ('eutralla ..........
New Second Main Track betweeu Bosky
Dell and D ongola......................................
New Second Main Track betw een Villa
Ridge and Mo 1n d s....................................
N ew Second Main Track from Bosky
Dell to Carbondale and Dongola to
V illa R idge....................

$44,507 25
24,592 90
69,6(4 79
1,396 89
11,190 4 9
23,854 30
11,755 01

164 55

9,996 73
6,404 06
510,159 83
26,594 85
23,384 04
355,871 84
35,686 36
8,760 94

B rought fo r w a r d .........................................................................
Locomotives/—
5 Passenger, purchased at
foreclosure sa le................$32,720 00
42 Freight, purchased at
foreclosure sa le................. 193,071 10
4 Switching, purchased at
foreclosure sa le ................ 11,512 50
Freight. C a r s948 Box Cars,inol. 523 Cars
purchased atforeol’esale.296,708 60
829 Coal Cars, incL 329 Cars
purchased atforeel’e sale.245,664 81
309 Refrigerator Cars, in ­
cluding 9 Cars purchased
at foreclosure sa le ........... 212,229 21
46 Flat Cars, purchased at
foreclosure sa le................. 7,472
70
N ew Shop Machinery and Tools................
5,041 67
Less: Set apart from the R eceipts of la st
fiscal year to provide for betterm ents.

$ 1,163,924

999,378 92 ,

$2,168,345 42
422,500 00 $1,745,845 4*

THE CH RO N InLE

S eptem ber 4, 1897.]

B r o u g h t f o r w a r d . . , ..........................................................................

4 89 76
3 ,0 2 2 25

6 ,8 5 8 75

2 4 3 ,7 2 0 2 6

$814 50
10200

P ar Vat or.

j

$10.3*7 50
Illin o is C ent Bit, Co, S tock an d S erip ,. i
i t .o o o o o
le a s e d L oe Stock. I. C. Bit- Co
—
C hicago St, L oui- * Sew O B it. Oo .
10,800 00
0,938,000 00
Mi**l*.->tppt V a lie v C o ................... ..
800,000 00
25,000 OO
Chicago * Springfield RR. Co .. .
Sw.iritb-A St. I.oui- A lton A T erre 11
185,600 00
RR, Co.. In «n*p m m ....................
S h o rt R oute R ailw ay <ts T ra n sfe r Co.
8,600 00
M lAretianeoiiA........... ........................
19,675 00
$10,457,262 60

795 47

$600 00
71.000 00

13.000 00

13.000 0 0

123,000 00

123,000 00

2,580,000 00

3,029,100 38

310.000 00
123.000 00
5,000 00

310,000 00
!

15.000 00
42.000 00
27,90ft 00
$3,310,500 00

3,930,000 00

L.N.O.A T, Ry. 1st M. B ds.$10,832,000
2d 5L Bds. 9,104,000
*■
•• L.G .Ine. Bds. 9,904,000
Che*.Obio& Sonthw .R H .C o, e u rttle s
deposited u n d er T ru s t A greem ent of
Dec- 28, '93. to secure III. C ent. RR.
Two-Ten 4
Gold B onds of 1901
and $1,002 4 Scrip
Che*. Ohio, & S outhw . RR. Co. 1st
M ortgage 6 % Gold B o n d s,..

B ook Value.

$600 00
71.000 oo;

Bonds P l e d g e - —

C r. 121 0 3

ST O C K S O W N E D .

Miss. Cent. 2d M ortgage (past due) . . .
111. Cent. RR. -1 % Gold Bonds of 1953..
I1L C ent. R R . W estern L ines, 1st. M ort,
-1 % Gold B onds of 1951........................
111. C ent. RR . Two-Ten 4 V. G old B onds
of 1904........................................................
Ches. Ohio & S outhw . RR . Co. 1 st M,
6 % Gold Bonds, due A ug. 1 , 1 9 1 1 ....
P ad u c a h & E liza b eth to w n RR . Co. 1st
M ortgage 6 % a n d 8 % B onds..............
St. Louts In d ian ap o lis * E ast. RR, Co.
1st M ortgage 6 “» G old Bonds of 1889
8t. L. A lton A T en e H a u te RR . Co. 1st
M ort. A T er. 5 % Gold Bonds o f 1914.
B elleville A- S o u th ern Illinois RR . Co.
1 st M ortgage B onds e x te n d e d ............
B elleville & E ldorado RR. Oo. B o n d s..
O ther Bonds...................................................
Cher. A- D ak, RR- Co. 5 s .. $3,100,000
Ced. R. A Ch. RR . C o.Ss,.
830,000

C h ic a g o S t . L o n s A N e w Or l e a n s R R .—
M em p h is D iv is io n —
B u ild in g s .................................................. $ 1 2 ,8 2 7 3 1
B a lla s tin g .......................................... 4 >,$57 35
3 .7 4 0 5 3 6 6 ,4 2 5 19
S i d i n g s ...............................................

S r . L o t u s Ai.-rox & T r u e H a c t e RR.
AS® L e a s e d L i n e #—
B a lla s tin g .........................
$ 1 1 ,7 4 0 0 0
S ta tio n G ro u n d s a c q u ire d ........ ...........- ........... 2 0 5 ,3 * 3 »1
S id in g s ........................................................
5 .4 ,2 57

P a r Value.

6 ,7 5 7 52

C h ic a g o M a d is o n & N op. t iik r x r r —
S ittin g s ......................................................................
$ 6 ,8 3 1 2 5
27 50
W aj- J amhU a c q u ir e 1................. .......................
C h ic a g o St . L o tu s & N e w O r l e a n s R R .—
M a in L i n o S ta tio n tir o a m is a c q u i r e d ........$ 1 0 ,9 3 8 4 0
B u ild in g s ..........................................
2, 3 9 5 5
B a l la s tin g ....................
7 ,6 8 3 1 2
W a t e r w o r k s ..................................
4 ,8 4 0 0 3
H id in g s ...................................................... 1 2 7 ,0 1 2 71
70623
S e c tio n H o u se * ...................... ..
I n t e r l o c k i n g ...................................
40090
T e le g r a p h ........... .............................. 1 ,4 5 0 5
W a r L a n d s a c q u ire d .................
452 80
R e d u c in g G ra d e o f T r a c k s b e ­
tw e e n F u lto n a n d E a s t ’’a iro , 3 ,9 3 7 0 7
R a is in g G ra d e o f T r a c k s n e t.
K e n n e r A P o u c h a to iU a , L * .... 8 ,0 0 0 0 0
H a w S e c o n d -Main T r a c k , S e w
O r l e a n s .......................................... 9,2 7 1 31 8 1 7 7 ,2 9 5 0 7

Y a zo o & M is s iM ic r r V a l l e r
R R .-Y azoo B r a n c h —
S id in g s ...............................................................................................

BONDS OWNED.

S r,74S>&t5 42

CHICAGO A S p r i x m i e l d R R .—
S id i n g s .................................................................................................
KANKAKEE & SOCTHWESTEKS R R ,—
S id m u ...............................................................................................
C h ic a g o H a v ana * sv e s t e r s R R .—
S ta tio n G ro u n d s a e q o ir e d ................................
$ 1 ,2 0 0 0 0
S id in g s ....................................................................
1 ,8 2 2 2 a

CASTOX ABERDEEN'S: NASHVILLE R R .—
B u ild in g s .....................................
W av L a n d s a c q u ir e d ......................... ............
S id in g s ........................................ .............................

417

123,000 00
5,000 00
15,000
32,595
15,40,
3,737,697

00
83
00
21

3,930,000 00

35,840,000 00 24,906,877 55

6,281,062 49
3,500,000 00
3,500,000 00
$ 10,580,000 00 $42,355,637 25

ASSETS AND L IA B IL IT IE S .
assets .

C a s h ....... ..................... ................................. . $869,682 95
Bills R eceivable an d L.orn* on C o lla te r a l 4,039,6-11 86
N otes Receivable. (These X n ies.to g etb er
w ith those held in S u rp lu s D ividend
F ilm la n d In su ra n c e F und, a r e secured
by th e pledge of Stocks an d Bonds of
2 2 2 .4 9 6 48 th e p a r value of $7,180,978 81. w hich
yield a n incom e in erees* of th e 4Hi'\i
$ 2 ,3 3 0 ,4 6 3 7S
in te re s t collected u p o n th e n o tes In
c a s h )....... ................... . ................. ............ 1,507,697 92
Yazoo A M ississippi Valley RR. Co. (L.
N, 0 . A T. H r. Co.) Net** - .....................
381,068 06
C hesapeake Ohio & S o u th w estern RR-!
Co. 1st M ortgage Bond C oupons...........
364,800 00
C herapenke Ohio A- S o u th w estern RR.
Book Value.
Co. E q u ip m en t T ru s t N o te s ................. ;
184,170 68
$11.474 01 M iscellaneous................................................
71,549 20 $7,418,910 73
10.870 00
U.UHUTtES.
10.200 00 Bills P ay ab le (iBOludiug o b lig atio n s in5,966,509 95 i c u r e d In naraha.se of th e C. O. & 8. W.
43,125 00 |
1 st Mort. Bond* a n d o th e r se c u ritie s). $4,893,852 92
26.000 00 Coupon* <la* J u ly 1,1897 ................... . ..
3 8 1 .4 8 7 5 0
200,000 00
Belli -me Ju ly 1, 1 * 0 7 .................................
6.038 98 C oupons and Di v'd» o v erd u e a n d u n p a id _ 158,037 80
825 00
$8,603,378 22
700;
Net Lia*. !.!>-- H u
......... .............
253,076 M
5,857,054 73
N et A ssets......................................................... ..........
$1,561,888 00
•B,074,049 94
4 77 87

A PPLIC A T IO N OF INCOME.
R r.

!

S u rp lu s D ividend F und J u n e 3 0 .1 8 9 6 , a* show n In la s t re p o rt .....
O ne y e a r-* In te re s t to J u n o 30. 1897, on se c u ritie s in th a t F ond.
N et REi-Mi-rs D o n ato t h e te a r e x o e d J i n k 3 0 ,1 8 9 7 —
F rom t ie O p eratio n of the R ailw ay. ...................... . . ................
From th e L and Onto*................. .........................................
F rom In re e tm c n ta h u d X taoettaueea* Profits-...............................

I n t e r e st

186,375,052 65
83,440 09
: 2,068,896 25
-------------------

fTr,
ox B o n n * —

■■■■ ; M , .

-

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

D ecem ber 1. 1896. and J h a o 1 . 1897, oh t . Cairo B ridge Bonds o f 1950.
N ovem b er 1 , 1 8
arid ••lav 1, 1*9 7, on I , G old Rond* o f 1953 ----- ----------J a n u a ry 1 and J u ly 1. 1897, on 3 v F irst M ortgage Bonds .......................
J a n u a ry 1 and J u ly 1, 1*9 7, on .'Do .. ste rlin g Bonds.................................... .Jan uary 1 and J u ly t, 1 - 9 7 , on 2 -ID 1 Bond* <*f 190 4 ................ ...............
J a n u a ry 1 and J u ly 1. l8i»7.on 3 *i C ertificates for S t Louis D iv isio n Bonds.

I

or

$962,770 9 6

8,497,388 99
$9,4 60.150 95

O ctober t, 1896, and A p ril 1, 1997, on 4 »i S te rlin g B o n d *...............................
J a n u a ry l and J u ly I. 1997, on
Springfield D ivision B on ds................
O etoner 1 , 189 *. and A p ril 1, 1907, on -V , S terlin g Sin k'n g Fund B on d s---D ecem ber 1. 1.8*6, and Ju n e 1, 1897, on -V ., ste r lin g B o n d * ........................
A u gu st 1, 189C, and F eb ru ary ! , 1997, o n Mhl dl e Division B o n d s..........
A u g u s t ! 4 996, and F eb ru ary 1 , 1897, on W estern Lines P Bonds o f 1981
J a n u a ry 1 and J u ly I, 18«7. on 4>-« F irst M ortgage B o n d s.,.......................

O ctober i, 1896, m3 A pril 1. 1897 ... i

$920.910 96
41.860 00;

1 8 9 6 ,and March 1, . ■*->T, on I

Sterbu-- !■ u.d*........................

IliinM * C en tral 8*v, ste rlin g sin k in g Fund Bond* o f 1903 d raw n fo r p a y m e n t....................................... ...........
R e s t n r C. 8r. L, A- N. O. RR
N ovem ber i, 1 'MU. and da'. 1, 1 * 9 7 . I n te re s t on 7' . C. a t. L. & X. O. F irst M ortgage B o n i s ...........................
D ecem ber 1 , 1896. and June 1 , 897, I n ’ *rest on 6 . <'. St. L. A N. O. “ eeond M ortgage Bonds .............................
»•••■ >;ui'e-r 15. 1*96. and Ju n e 1 5 , J - 9 7 , Interest on 5 . C. St. L. & N O. Gold B on d s...................................................
D ecem ber l, 1*96. .,ud J u n e i , 1897, Interest on t ., C St. L. & N. o M emphis D ivision F irst M ortgage B onds

De ember 1, I *96. and June 1. 1 -9 7 , Interest on ,v ., C, St, L. & N. O. Cairo Bridge B on d s..... ..............................

For accMiuti C airo Bridge Fund, Decem ber 1 , 1896, and Ju n e 1 .1 8 9 7 ...........................................................................
Ja n ua ry i and J u ly l. 1*07, Interest.
l"„ on Leased Lino Stock .................................... ................................... .........
Salaries o f Trustee* and oth ers.................. ..................................................................................................................................

Rent of t> ilmqin- a Sinn ■ Citv RR. (including $ 16.733 CO S inking Fund on I. C. “ Wertern Line-*" Bonds).
Les*. In te re s t a n Iltinwt.* C en tral RR. " W estern L ines" 4 ■ B onds (see above)..................................................
"I. ..... .................... - ...............................................................................
Lw»*. Int*r-.-st Ja n n a rv l - u n l J n S y l . 1*97. on Illinois C entral RR. St. Louis D ivision 3"„ Bond C ertificates
issued for stock deposited ( p a rt of $ 14 8,077 37, se e above)........................................................................................
D ividend. M arch 1 ,1 8 9 7 , on Illin o is C e n tral S h a re s.......
Dividend. Heptember 1, 1897, on Illinois Central Shares.
S e t apart, t o p ro v id e fu r B etterm ent*.
Surplus Dividend Fund, applicable to Fnture D ivid en d s..

$ 100,000 00

119,370
171,250
50.000
48,400
179,500
60.000
600,000

00
oo,
001
00
00
00
00
120,0011 00:
1,000,000 on
87,405 oo;
184,310 oo
246,600 oo
1 4 8 ,0 7 7 37
75,000 00 $3,180,972 37
50,000 00
$95,130
1,800
827,750
140.000
150.000
30,000
400.000
. ] ,225

00
00
00
00
00
00
00
1)0

1,648,905 00

$710,693 35
179,500 00

531,193 35

$177,997 67
137,370 37

340,027 30

$1,312,500 00
1,312,500 00

2,625,000 00
150,000 00
$8,535,698 02
924,461 93
$9,460,159 95

THE

41S

CHRONK'LE.

[VOL. L i'V .

INCOME FROM INVESTMENTS AND MISCELLANEOUS PROFITS.
Or.

Dr.
Interest on Rills Payable, less Interest on
Money Ixtaned...............................................

E x p e n s e s N e w Y o r k O f f ic e —

I n ter est o n B ond s—

$47,080 55
30,129 77

Salaries............................................
E xp en se..........................................

Illinois Central 4% Gold Bonds of 1953.
111. Central “Western Lines” i% Bonds.
111. Central Springfield Div. 6% B onds..
111. Central 3% Sterling Bonds of 1951-.
Clies.O.A S'west. RR C o .lstM . 6% Bonds
St. L. Ind. A East. RR. Co. 1st M. 6% B'ds
St. L. Alton & Terre- H aute RR. Co. 1st
Mortgage and Terminal B onds.............
Bellev. & Eldorado RR. Co.1st M.7% B'ds
St. L. So. RR. Co. 1st M. Consol. 5% B’ds
C. St. L. & N. O. RR. Co. 5% Gold Bonds
C. S t L. & N. O. RR. Co. Bridge B on d s..
L. N. O & T. Ry. Co. 4% B onds................
L. N. O. & T. Ry. Co. 2d M. Incom e B ’ds
Cherokee & D akota RR. Co. 5% B onds..
Cedar Rapids & Chicago RR. Co. 5% B’ds
Other B onds...............................................

$424,052 26

7 7 ,2 1 0 3 2

Interest collected on N otes R ece iv a b le....
Interest coll.onY az.& M iss.V al. RR. Notes
D iv id e n d s o n S h a k e s —

18,750
4,095
20,150
263,300
150.000
663,280
500,837
155.000
41,500
2,549

00
00
00
00
00
00
00
00
00
62 $2,286,750 41

$74,494 57
17,242 72

Interest on Bonds of Subsi­
diary Lines pledged to se­
cure $15,000,000 Illinois
Cen-ral 4% Gold Bonds of
1952—$16,350,000 5% B’d s.$817,500 00
Less Interest collected from
Dubuque & Sioux City RR.
Co. as above.
On Cherokee & D akota RR.
Co. B on d s........ $155,000
On Cedar Rapids
& Chicago RR.
Co. Bonds......... 41,500 196,500 00 $621,000

( 1 6 3 ,9 3 3 8 6

South Chicago RR Co. 5% Bonds...........
Interest on Canton Aberdeen & N ashville
RR. Co Note given for Bonds canceled.
Interest on Notes given for advances made
the follow ing co npanies—
Chic. Hav. & West. RR. Co..$16,002 62
Bantoul RR. Co..................... 4,431 24

Balance, representing Net Income from
Investm ents, and M iscellaneous Profits.

00
67
67
62
00
83

$848
115
99,386
10,500
81

Chicago St. L. <ii N. O. RR. Co. S to ck ..
Illinois Central RR Co. S tock ..............
Dubuque & Sioux City RR. Co. Stock.
M ississippi V alley Co. Stock — * . . . . . .
Other S to o k s.......................................- —

F ixed Charges of Subsidiary L ines writ­
ten off...........................................................

$24,740
33,946
20,406
16,427
364,800
6,967

00
00
00
00

00

9 1 ,7 3 7 2 9

110,930 00

00

10,000 00

12,500 00

2 0 ,4 3 3 8 6

663,933

86

2,068,896 25
P r o f it a n d L o ss—

D, & S. O. RR. C o . . . . . . . . . . . . . . . . . --------Sterling E xchan ge........................................
Dis. on C. O. & S. W. Equip. Trust Notes.
Paducah Union D epot Co. B on d s.............
Sundry P rofits.................................................

$ 1 8 5 ,6 3 9
1 3 ,7 8 3
1 0 ,4 4 9
5 0 ,0 0 0
364

76
39
94
00
51

j $ 2 6 0 ,2 3 7 6 0
L ess—

Sterling Exch. Loan Account .$14,573 1 7
Net D iscount on Bonds sold .. 52,739 47
D epreciation of A ssets on Re­
v a lu a tio n .............. ; ............. ... 30,437 10
Legal Expenses, Engraving
Bonds, F ees to Trust Com­
pany, A dvertising and other
E x p en ses................................ 81,746 73

179,490 47

80,741 13
1 $3,234,092 69

$ 3 , 2 3 4 , 09~2 0 9

COMPARISON OF MONTHLY RECEIPTS AND EXPENSES FOR THE YEARS
ENDED JUNE 30, 1897 AND 1890

G r o ss R e c e ip t s .

July........
August....
September..
October....
November ..
December...
T ’l first 6 m .

January....
February ...
M arch ..........
A p r il___ . . .
M ay..............

June.......

O p e r a t io n E x p .

1896.

1895.

1896.

$
1,638,624
1,650,862
1,910,053
2,243,619
1,869,*65
2,096,515

$
1,508,655
1,640,066
1,729,091
2,387,442
2,157,388
2,206,151

$
1,312,308
1,231,849
1,324,676
1.421.099
1.380.099
1,319,562

46
70
88
63
92
83

65
60
41
00
39
53

11,409,242 51 11,628,795 58
1897.
$
1,898,262
1,764,240
1,799,818
1,614,421
1,831.498
1,793,453

06
34
26
47
73
67

1896.
$
1,920,628
1,755.278
1,724,830
1,638,740
1.644,453
1,690,114

23
38
83
84
68
81

T ’l la s t 6 m.

10,701,694 53 10,374,046 77

T’l fo r y e a r.

22,110,937 04 22,002,842 35

T a xes.

1895.
01
59
98
75
12
98

7,989,595 73
1897.
$
1,175,610
1,191,413
1,247,212
1,253,204
1,305,268
1,573,579

&

00
36
54
45
80
51

7,746.28s 66

$
1,104,950
1,140,857
1,178,038
• 1,352,548
1,324,090
1,322,063

1896.
46
55
35
37
83
64

Per Cen l
Net Receipts Per Cent o f the
Y ear's
to Gross
Net Receipts.
Receipts.

N e t R e c e ip t s .

S
326,316
419,013
585,376
822,520
489,166
776,952

1895.
45
20
90
88
50
85

$
403,705
499,209
551.053
L,034,893
833,297
884,087

19
05
06
63
56
89

In c. or Dec.

1896. 1895.

$
—77.3SS 74
—80,195 85
+ 34,323 84
—212,372 75
—343,S 31 06
—107,135 04

19-91
25*38
30-65
36-66
2618
3706

1896.

26-76
30 44
31-87
43-35
38-63
40 07

512
5-73
657
7 09
9-18
7-83
12-90 14-70
7- 68 1112 19 12-

7,422,549 20 3,419,646 78 1,206.246 38 —786,599 60 2 9 9 7 36-17
1896.
$
1,289,159 46
1,237,920 12
1,209,693 66
1,203,519 80
1,294,003 19
1.305,430 34

1897.
$
722,652
572,826
552,605
361,217
526,229
219,874

06
98
72
02
^3
16

1896.
$
63^,468
517,358
515,137
435,221
350,450
384,684

53 64

1897. 1896.
77
26
17
04
49
47

$
-191.183
+ 55,468
+ 37,468
—74,004
+175,779
- 1 0 4 ,8 1 0

2
72
55
02
44
31

38-07
32-47
30-70
22-37
28-7-f
12-26

1895.

1897.

3^88

29-47
29-87
26*56
2122-

59-74
1896.

11-34
8-98
8-67
5-67
8-25
31
3-45
76

57-35
7-32
645-

7,539,726 57 |2,955,405 87 2,834,320 20 + 121,085 67 27 62 27-32

46-36

40-26

15,735,884 39 14,962,275 77 6,375.052 65 7,040 560 58 - 6 6 5 ,5 1 3 93 23-83 32 00

100 00

10000

COMPARATIVE STATEMENT OF GENERAL OPERATIONS FOR THE

TEARS ENDED

Y ear ended J une 30th .
1897,

Miles of Road O perated.............................................
Mileage of Engines on l ’assengor and Freight
T rain s..... ..................................................................
Gross R eceipts..............................................................
Operation E xp en ses............................ .....................
Net Receipts without deducting Rent or T axes.
Gross Receipts per Mile of Road...........................
Operation E xpenses per Mile of R oad.................
N et R eceipts per Milo of Road without deduct­
in g R ent or T a x es....................................................
Gross Receipts per Train Mile ...............................
Operation E xpenses per Train M ile......................
N et Receipts per Train Mile without deducting
R ent or T a x e s ...........................................................

3 ,1 3 0 21
1 8 .7 9 0 ,4 9 6
$ 2 2 ,1 1 0 ,9 3 7
1 4 .6 8 3 ,9 4 3
7 ,4 2 6 ,9 9 3
7 ,0 6 3
4 ,6 9 1

00
04
68
36
72
04

IUNF 30, 1807 AND 1896.

Increase

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

00
35
69
66
70
82

Per cent o f
Increase or
Decrease.

62 63

204

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

6 -1 1
•4 9
5 - .- 6
8 -2 2
1 -5 2
3 -4 4

156 22

2 ,3 7 2 6 8
1 17 6 7 -1 0 0
7 8 1 5 -1 0 0

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

1003
5 -3 0
•5 2

3 9 5 2 -1 0 0

4 5 6 9 -1 0 0

13*50

83
56

JJtcreri&f

$664,931 30
108 98
265 20

6 58-100

41-100

6 1 7 rlO < F

97
18
98
46

S eptem ber 4, 1897. j

rMK

CH RON I OLE

419

C O M P A R A T IV E S TA TE M E N T OF RECEIPTS FOR T H E YE A R S ENDED JUN E 30, 1897 A N D 1896.

Year

ended

J ose 30th .
1896.

1897.
F reig h t.......
P assenger.
M all... '
E x p re s s ..................................................................................................
E xcess B a g g ag e....................................................................................
T ra n s p o rta tio n o f M ilk......................................................................
T ra in P riv ileg es..................................................................................
Parlor Cars.
................................ , ............................................
R e n t of P ro p e rty .................... ...........................................................
..................... ...................... ......................
R e n t o f T ra c k s ............
Telegraph.................................................................................... ..........
D em u rra g e............................................. ..............................................
S torage, D ockage an d C airo W harf B o a t................. .................
Team -Scale F e e s .............................................................. , ..................
S w itch in g (B alan ce fo r 1897 a n d G ross R eceipts fo r 1896)..
C otnprcssiug C o tto n ................................... ......................................
R ailro ad H otel a n d E a tin g H ouses.......................................... —
Inter-State Transfer and R eceipts over other Lines.................
ThhU....... ........................................................... .....................................

$15,162,018 66

1,214.161 45
588,543
515,200
81,889
96,017
15,190
798
227,478
204,014
5,163
13,677
8,170
980
31,312

50
08
60
54
00
25
72
98
47
50
62
65
20

....... 40,702 10
902,287 63
$22,110,937 04

$15,028,103 64
4,394,771 311
570.803 80
506,200 08
78,828 24
91,803 411
15,314 05
586 00,
227,595 19
205,648 33,
5,621 18
17.331 16
10,123 3 1 :
1.346 75
130,695 70
19,590 09:
51,80-1 54
046,979 07,

17,739
9,000
6.066
4,244

■89
410
311
1-78
7-70
4-62
•82
36-22
■05
■79
8*14
21-08
2161

70
00
45
13

212.25

2718

75-93
100-00

21-43
39-46

$22,002,842 3 5 ’ $108,094 6!)

■49

FO R T H E

Y ka a E nd ed J unk 3 0 t h .

261,712 75
242.:: - :
5R.86*. 48
38,381 24
1,034 m
10
16
31
81
33
1

Decrease.

$180,309 86

124 95
116 47
1,633 35
457 71
3,653 66
2,252 69
366 10
98,783 50
19,590 69
11,102 44

YEARS

it! create.

1896.

1897.
$3,594.05(1 58
2,712,978 54
1,287.001 61
2,935,398 61
19.090 90
1.718,025 07
388,967 79
227,248 21
223,019 14
365,031 90
139,198 67

90,023
141,520
60.281
85,209
79,245
579

$133,915 02

253,308 50

COM PARATIVE STATEM ENT OF O PER A TIO N E X PE N SE S
EN D ED JU N E 30, 1897 AND 1896.

M a in te n a n c e of Way and S tru c tu r e s ............................................. ................
M a in te n a n c e o f E q u ip m e n t..... .............. .............. ................ ..................
P a a s e n g r T rain E x p e n se s................................................ ... ....... ...........
F re ig h t T ra in E x p en ses ..................................... ............... .............................. .
C lea rin g W recks ..................... ............................... ..........................................
S ta tio n E x s e n s e -............... .................. ................ ................................................. .
T ra n s p o rta tio n an d Train® S u p e m te u d e u e e
..... .....................................
M U oeflaneotu E x p en ses, T ra n s p o rta tio n a n d Tralllo D e p a rtm e n ts .........
T ele g ra p h E x p e n s e s .................................................................................................
C laim s a n d D a m a g e s ...............................................................................................
Rent of T raek s an d T e rm in a ls ...............................................................................
S w itch in g ..... .......................................................... .................................................
M ileage of t 'a r s (b alance*.................. ............................ ............... .................... .
O utsid e A g en cies............................ .......... ...................................... ...................
A d v e r tis in g ....... ....................... — ........................... ................................ .—
R ailro ad M otet an d E a tin g llo u eee .E x p en ses. . ................. ............ ...........
M arine B o ttlp m e n t......... .....................................................................................
C om pressing C olton . . . . ............... ............. ........................................................
S alaries of <Seoer.il O fficers............... ..................................... ................ ....... .
S alaries o f C lerk* am i A ttendant* ..................... ....................................... . .
G en eral Oilier E xpense* an d S upplies.............................................................
L egal E x p e n s e s ........ ........................................................................... ..................
Insurance ... .................. ..
Sundry General E xpenses

Per Cent o f
Increase
or Decrease

Increase,

P e r Cent ot :
In cre ased - Decrease.
Doorcase.

$3,192,466 77
$101,583 81
2,556,168 30
150,810 04
90,057 92
1,197,083 69
2,841.059 06
94.338 65
19,104 88
1.660,029 33
57,995 84,
:
371.311 72
191,350 33
35,897 88
7,785 67
215,233 47
331,780 66
33,251 24
80,275 27'
58.923 40
69.2(H) 27
358.004 20
227,910 I t
14,407 13
44.-I.8S 15
14,427 3S|
11,717 20
4,008 88 .......................... 1
13,824 82
101,071 12 .................
141,323 49
3,106 67
75,480 m
90,143 63
78,511 19
73 4 14
23.911 15
11,665 17;

12-58
613
7'52
3 32
-39
3-40
3-33
18-76
3-62

$73 98
12,373 93

10*02

136*24

100*00

27-03
6*32
32-47
1417
74*57

100*00

12-92
2-26
1-2-25
5-38
-94
48-78

69,260 27
96.931 45
6.335 96
3,034 14
13,824 82
13,4-13 02
9,249 38
4,853 82

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

$14,093,943 68 $13,010,917 69
8773,025 99>
5-56
COMPARATIVE STATEMENT OF TRAFFIC FOR THE YEARS ENDED JU N E 30, 1897 AND 1896.
Y e a r e n d e d J u n e 30 t h .
1897.
j
1896.

T o n s o f FrvlKlit C arried Ow- MUe....................................................................
A v eraee D istance each Ton wa* C a rrie d ............
.........
A verage R eceipts p er T o n ,... ................................................................... .
F re ig lit R^fttrtptA p e r Mil** o t Row! _______ ___ . . . . . . ..................... . . .......
Mlleatcn of Ku urine* H aixllae F re ig h t T ra in s .................................... ...... ...
F re ig h t Receipt* p e r T rain M ile........................................................................
A verage K am ber o f Mile* T ra te fc d tojr o m k P m -m ngm . . ........
Pa-.«eo<er R eceipt*....... .......... ,. .. . ....................... ...
............................
P assen g er Receipt* p e r Mil,- «»r R ood..............................................................
6 i m i Receipt# of Pomeug&r T ra in s ..... ..................... .......... ...... . . . . . . . . .
0*O8* R eceipt* o f P&eaenger T m ln n jm*f Milo of E o a d ..............................
W l M f t of Ettgi&ns B anliM t P aaseag er T ra in s ... ...................................
R eceip ts of F.i«—tic« r TraL . p er T ra in Mile ............................................ .

9,948,307
2,259,388,132
22701m .
$15,162,01866
$1 52
671-lOOOe,
$4,843 77
11,668.882
$1 20 04-100
12,827.205
212.985,073
16-60 m.
$4,214,461 45
33 86-1000,
1 070 *.000c.
$1,346 38
*5,515,130 51
$1,761 90
7,121,614
77 44-1000.

Increase.

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

9,659,213
289,154
2,018,129,060
210,259,072
208-93 in.
18 08 tn.
*15,028,103 01 $188,915 02
$1 56
743-1000c.
$1,899 01
11,105,179
563,703
$1 35 33-100
14,909
12,81*2,206
222.034,712
17-83 tn.
$4,394,771 31
34 30-100c.
1 970-1000©*
91,432 65
*5,658.302 79
$1,811 55
518,735
6,602,879
85 69 lOOe.

Per Cent o f
Increase
or Dccrt asc
2 99
11-91
8- 65
. -89
291-13
5 08
3■12
4-08
4-21
410
i-20
6*02
2*5.3
*1-48
7*86
9*63

Decrease.

•
56 $0 04
74-1000c.
93
*55 24
$0 05
9839-100
9,049,639
73 m.
$180,309 86
1 44-1000.
$86 27
$143,172 28
$82 65
8 25-1000.

There was » falling off in tonnage an ! r«'v<-n : ■ m the W estern Lines attriln.itable largely to decreased shipm ents of

on sain *d itrin y a pirtton of the year, brought about by fierce competition for business
among t.h: r 11 !- in th it i-rritory. Tins -t - i i - how.-var, is partly offset by increased tonnage and revenue on the
Northern and Southern Lines.
X I,„ de -r •as r m th - rat • j.-r t -is p -r mi! - is p rin cip ally d u e t > th e larg e in c r e a « • in th - m o v em en t o f c o rn on th e lo ng

- a c c o u n t of competition,

as before mentioned.

th-s n -u n 'isr of >,n-s >tig -r* <• ir n >I t >r th .* v ■»r shows an in o reasa, w hile th e p is.- -ngi.-r re c e ip ts shoxv a d ecrease. T his
d ecrease m a c co u n ted for by a fa llin g off in o u r lon g -h au l _p assen g er tra v e l, caused by g e n e ra l depression of business
th ro u g h >ut th e co u n try . W hit? th e su b u rb u» busin -ss has in creased to som e e x te n t, i t is n o t en o u g h to c o m p en sate fo r

the loss of revenue sustain.-d by decrens.-! long-haul travel.

m e n tio n to th e d e fn araliaatio u e x is tin g a t th is tim e a n d d u rin g th e p a st y e a r a m o n g th e ra ilro a d s as to ra te - on fre ig h t traffic. Efforts a re b e in g m ade to b rin g a b o u t a b e tte r s ta te o f affairs.
I'nibd States Tar f’e.—J&Wrers.—This New .Jersey cor­
poration, formed in April. 1692, has been placed in the hands
of William C. Lane and Flare! McGee, as receivers, on suit
brought by Charles T. D, Crews, of London, England, the
owner of 1, t0 shares of the capit i! stock of the company,
and of first mortgage bonds of
It is stated that
the company is insolvent and has suspended operations for
the past month, owing to its inability to secure ready money.
— v . 64, p. n e t .

Wbeelinr V Like Erie Rjr.—S o t k e a* to L a k e E r ie D itn -

siem Bmttl* Due Oct, t,
—The Luke Erie division first
mortgage bondholders' committee, George Coppell, Chair­
man, announces that a majority of the bonds has been de­
posited with the Guaranty Trust Company tinder the agree­
ment. and that the certificates of deposit are listed at the

Stock Exchange. Bondholders who have not deposited their
bonds are urged by tbe committee to do so without delay, as
active steps are being taken in th e interest of deposited
bonds.—V, 65, p , 328.
—“The Gas Companies of New York City” is the title of
a valuable pamphlet compiled for Messrs Bertron & Storrs,
of 40 Wall Street, by Mr. Charles A. WatrOUS, In this work
we find clearly presented facts of much interest in connection
with the rumored negotiations affecting these properties, via ,
statements as to their capitalization and securities, their
property and its assessed value, their dividend payments,
their officers and directors, the history of the companies and
the legislation affecting them, etc., etc.

THE CHRONICLE.

420

[V o l , L X V .
C O T T O N .
F r i d a y N i g h t , September 3, 1897.

J h c C^ommcrcuvl J u n e s .

T h e M o v e m e n t o f t h e C r o p , as indicated by our telegrams
from the South to-night, is given below. For the week ending
this evening the total receipts have reached 5 >,271 bales,
F rid a y N ig h t . Sep ember 3, 1897.
against 32,718 bales last week and 19,06 >bales the previous
The general business situation has continued to show a week, making the total receipts since the 1st of Sept., 1897,
healthy tone. While there has been speculative buying in 26,510 bales, against 62,207 bales for the same period of
some lines of merchandise, the general call for supplies has 181‘6, showing a decrease since Sept. 1,1897, of 4! ,697 bales.
been for actual trade wants and it is this gradual but steady
Wed. Thurs. F ri. ! lucai.
Mon. j Tues.
improvement in the actual consumptive demand that gives Receipt# at— [ Sat.
the general cheerful appearance to the majority of the va­ G alveston.......
4,017 3,807 2,6U4 5,227 3,328 2.882J 21,865
rious maikets In the matter of prices there has been a de­
Tex. City, <fcc
2791
279
cidedly conservative policy shown, as manufacturers and N ew Orleans..
94 2,060 1,707 20,167
5,034 6,086 5,186
dealers have exercised care in adjusting values so as not to M obile.............
26
143
9
4
84
203j
469
'check the rmprovement in business, although as demand has Florida............
broadened there has been a natural tendency of prices
369 1,168 l,232j 4,809
806
Savannah.......
889
345
towards a higher basis and which is being very gradually
Bruusw’k,&c
150
150
established Advices received from Europe report much
309
307
201
452
188
109
1,566
interest shown in the Franco-Russian alliance, and there has Charleston..
Pt. Royal,&c
been an improvement in the situation on the Afghan frontier.
34
33
73
Wilmington,
62
414
7
205
Following is a staiement of stocks of merchandise :

COMMERCIAL

EPITOME.

A v g u st 1,
1697.

Pork..... ..................bbls.
Lard..... ........ . ....__toe.
Tobacco, domestic....... bbds.
Tobacoo, foreign......... bales.
bags.
Coffee, Rio...........
Ooffee, other...... ....... bags.
Coffee, Java, &o...........mats.
8ngar.......
hhds.
Sugar........ .........bags, Ac.
Molasses, foreign........ hhds.
Hides...............
No.
Cotton...... ............. bales.
Bosln.... ..................bbls.
Bplrltsturpentine......... bbls.
Tar.............
bbls.
Blue, E. I..................bags.
Eloe, domestic............ bbls.
Linseed______
...bags.
Saltpetre.................. bags.
Jute butte______
bales.
Manila hemp............. bales.
Sisal hemp................bales.

Sept. 1,
1897.

Sept. 1,
1896

Wash’ton.&c
N orfolk ___
N’p’t News, <fcc
N ew York___
B oston .............
B altim ore. . . .
Pliiladel’a, &o.

•- 14

1

30

67

16
79

128
79

5,577
56
93
149
25,113
60
60
14,118
17.282
49
32
55
136
199.808
61,207
Tot. this week 9.571 11,235 8.955 6.126 7 ,0 -6 7.358 50,271
66,574
9,584
The following shows the week s total receipts, the total since
1,969,082 Sept. 1,1897, and the stock to-night, compared with last year:
V5
103,500
1897.
1896.
Stock.
64,403
Receipts to
29,448
T his Since Sep. T his Since Sep.
Sept. 3.
2,484
1897.
1896.
week. 1, 1897. week. 1, 1896.
1,492
4, 00
11.437 40,868
18,452
19,333
65,920
6,300 G alveston... 21,865
1,489
Tex. C.,&c.
279
279
691
None.
14 500 N ew Orleans 20,167
3,861 27,537
12,528
6,064
44,583
None.
469
313
3,423
2,158
1,751
6,326
40 395 M ob ile.........
52,539
S avan n ah...
4,809
2,769 20,648
14,192
10,232
28,662
150
150
175
100
100
150
Lard on the spot has been in moderately active demand Br’wick,&c.
1,566
960
8,107
4,866
2,174
23,969
locally, and at the West there has been a good business trans­ Charleston..
2,093
acted! Early in the week prices advanced, but the close
414
340
6,179
4,317
548
7,779
showed a decline from top values with prime Western at Wilmington.
14.332
15,245
15,909
2,225
417,685
142,057
49.665
1,275
1,736,623
None.
59,700
63,846
29,826
1.453
635
28,000
1.000
None.
21,000
1.000
30.603
12,972

12.667
13,883
15,967
1,872
404,746
144,181
81.482
2,040
1,055,224
None.
52,6o0
39,714
35,850
2,149
1,040
5,100
510
None.
21,300
i.e o o
27,194
5,096

5-17J^f<r5'20c., prime City at 4'9 i@4'95c., and refined for the
Continent at 5-5ic The local market for lard futures has
been neglected. At the West there has been fairly active
trading, and during the first half of the week prices ad­
vanced but the improvement was not maintained; close quiet.
D A IL Y CLOSING M IIC E S O P L A R D F U T U R E S.

Sat.
Oct.................................... c. 5-15

Mon.
5-20

Tues.
5-20

Wed.
525

Thurs. Fri.
5-20
5-10

N orfolk .......
N’portN.,&c

128
79

113
79

5,684
193

4,271
193

B o sto n .........
B altim ore. .
Philadel, &e.

149
60
136

149
60

264
15

233
15
191

103
43,914

210

1,200
170
1,358

5,114
50
69,507
1,700
968
4,666

T otals....... 50.271
86,997 259,344
20,510 116,890
62,207
Pork has had a moderate sale and has brought full values,
closing at $9 25@9 75 for old mess and |10@10 5U for new
In order that comparison may be made with other years,
mess Tallow has advanced, closing firm at 3%c. Cotton we give below the totals at leading ports for six seasons.
seed oil has advanced, closing at 28@28J£c for prime yellow.
Receipts at— 1897.
1896.
1895.
1894.
1893.
1892.
Butter and cheese have been easier.
Coffee of Brazil growth has declined under large stocks, G alve 8’n,&c. 22,144 42,357
3,575
13,994
7,657
18,156
heavy receipts and slow demand, closing easy at 8%c. for N ew Orleans 20,167 27,537
6,515
7.983
6,479
10,433
Rio No 7. Mild grades have had only a slow sale, and for M ob ile..........
469
3,428
329
828
1 ,-7 0
952
good Cucuta prices have been lowered to 12J£c. East India S avan n ah ...
4,809
3,431
20,648
10,396
9,629
11,969
coffee has held steady at 24^c. for standard Java. There has ChaB’ton, <fco.
1,566
10,200
332
677
3,309
5,695
been only a small speculation in the market for contracts, Wilm’ton, &c
414
6,179
35
552
597
107
and as both Europe and local operators have been sellers, N orfolk........
128
5,684
16
689
1,418
693
prompted by the large primal receipts, prices have declined. N. News, <fec.
79
193
65
71
15
145
The close was easy. Following were final asking prices:
A ll o th e rs...
444
495
664
630
1,160
1,655
8e p t..................... 5' Oc. I D eo............. ......6-2^o. | Maroli................ 6-55o.
O c t...................... 5-90o. J a n .................... 6'35c. M ay.................... 6 65c. Tot. this wk.
50,271 116,890
15,093
38,396
50,295
28,117
N o v .....................

5-95o. 1Feb....................

6'45o. |

Since Sept. 1

20,510

02,207

13.802

3*<,396

31,16s

56,241

The exports for the week ending this evening reach a total
of 13,8'3 bales, of which 6,890 were to Great Britain, 5.118
to France and 1,79> to the rest of the Continent. Below
are the exports for the week and since Sept. 1, 1897.

3, 1897.

E x p o r ts

G re a t
B r i t 'n .

Tex. City. Ac..
New Orleans..

5,671

F r a n ce

1i

fr o m —

W eek E n d i n g S ep t.
E x p o r te d to—

|4 ^

Raw sugars have been firm and limited sales have been
made at - 6c. advance, closing at 3 18-i6c. for centrifugals,
96 deg. test, and 3*r4 @ 3 % c. for muscovado, 89 deg. test.
Refined sugars have been fairly active and firm at 5c. for
granulated. Teas have been s eady. Other staple groceries
have had a fair sale at steady values.
Kentucky tobacco has had a fair sale, as exporters have
been buying and fair prices have been paid. Sales, 250 hhds.
Seed leaf tobacco has been quiet but steady. Sales for the
week were 625 cases.
Straits tiu nas had only a limited call, and as there have
been moderate offerings prices have weakened slightly, clos­
ing at $13 65(«$18 70. Ingot copper has had a fair sale and
closed firm at 11% ,t> II %<:. for Lake. Lead has been in active
demand at advancing pi ices, closing firm at 4'25c. for domes­
tic. Speller lias been steady at 4'3 >@4'35c. Pig iron has
had a fairly active sale and prices have held steady at $9 75@
$12 25 for domestic.
Refined petroleum has been steady, closing at 5-75c. in
bbls., 3'2-rc in bulk HDd 6-2 c. in cases; naphtha quiet at
5-50c. Crude certificates have been negleced; credit bal­
ances have been unchanged at 7 c. Spirits turpentine has
been advanced in response to Southern advices, closiug firm at
3l @3' 3^c. Rosins have been quiet but steady at $1 45@ 50
for common and good strained. Wool has been in demand
and higher Hops have had only a limited sale, bnt values
have held steady. There has been some placing of contracts
by brewers.

1, 1897,

F r o m Sept.
to S e p t. 3,
E x p o r te d to

T o ta l

G re a t

W eek.

B r ita in .

3,674

499 4.173

244

1 5,916

PenBacola.....
Savannah......
Brunswick —
Charleston—
Port Royal—
Wilmington...
Norfolk.........
N’port N., Ac..
New York..... 1,219 1,200 1,295 3,711
Boston ........
Baltimore__
Philadelphia..
San Fran., Ac.
Total......... 6,890 5,118 1,795 13,803
Total, 1896.... 24,908 7,607 5,822 38,382

F r a n ce

—

C o n ti­
n e n t.

3,674

To ta l.

3,674

1,986

1,983 3,6 4
10,622 6,9.i1

l&W.

1,9=6-

1,270

3,270

1,270
5,065

6,930
22.63S

THE CHRONICLE

S eptem ber 4, 189?.]

la addition to above exports, our telegrams to-night also
give us the following amounts of cotton on shipboard, not
cleared, at the ports m m si. We add similar figures for
New York, wuich are prepared for our special use by Messrs.
Lambert & Bxrrows, Produce Exchange Building.
ON SHIPBOARD, NOT CLEARED FOR—
| Other
Great
B rita in . F rance. Foreign

Sept. 3 at
New O rleans ..
G a lv e sto n .........
S a v a n n a h .......
C hftfle-ton. .
Mobile .............
Ner*dk....... .
New York........
O th er p o rts ___
T o ta l 1 8 9 7 ...

Coast­
wise. j Total.

102 None. 1
732
6 0
50o 1 1,509
1,848
7,4 83
N one.
None. None. None.
*0
50
None. N one.
None.
None.
None. None,
None. . None, ! N ote.
N ose.
4,100
2.000
900 None.
300 !
None. N«.iie. | None.

5,135

3,130

2,502

T o ta l 1 8 9 6 ... i 35,659
4,554
T o ta l 1 8 9 5 ,.,

3,898

Y o rk , a r c

, L eaving
stock.

None.
3,835
None.
None.
None.
None.
l.ft’Oo
300 !

7,249 ! 16,561
450
3,835

T h e S a l e s a n d P r ic e s o f F u t u r e s a t N e w
s h o w n i n t h e f o l lo w in g c o m p r e h e n s i v e t a b l e .

421

5,332
11.850
10,232
2,124
1,751
103
39,814
3,128

12,685

74,332

68.31*8
8,839
1*503 : 10,092

181,036
270,765

Speculation in cotton for future delivery has been less
active and prices have gradually declined. There has been
no force to the buying power, as the favorable prospects for
the present crop and the advices from the foreign markets
reporting trade in cotton goods poor with the outlook un favorable have discouraged buyers, and during the latter
part of the week there was considerable liquidation by tired
outside longs. The weekly report of the Government’s
Weather Bureau Issued Tuesday did not make as favorable*
a statement as had been generally expected, and this re­
sulted in a temporary improvement in prices, stimulating a
demand from shorts to cover contracts. Subsequently,
however, the market turned weaker under the easier advices
from the South, particularly the Atlantic ports, where prices
have shown a decided decline the past week as a conse­
quence of increasing offerings of new crop cotton. 1 hursday the feature of the mark* t was free selling for Liverpool
account, it being induced, it was generally thought, by the
probable fact that there had been increased offerings to
that market from the South of new crop cotton at declining
prices, and as values in the local market are relatively
on a higher basis than any other market of the world, ft
naturally has been the one in which buyers of actual cotton
have shown a disposition to hedge. To-day there was a
firmer market on buying by shorts to cover contracts, al­
though talk of damage to the crop by worms received some
attention. The close was steady at an advance of 8 to 12
points for the day. Cotton on the sped was advanced <J-16c.
o k Monday
but declined
on Tuesday and 3-16c. on
Wednesday. The demand from spinners and for export has
been quiet. The spot market was 3-16e. lower at 7?gc. for
middling uplands.
The total sales for forward delivery for the week are
533,100 bales. For immediate delivery the total sales foot
up this week 32,983 bales, including ---- for export, U8i for
consumption, 10,000 for speculation and 22,000 on contract.
The following are the official quotations for each day of the
past week—August 28 to September 3.
Rates on and off middling, as established Nov. 32,1898, and
revised Dec. 11, 1893, by the Revision Committee at which
grades other than middling may be delivered on contract:
F a ir .................................... c.
M iddling F a ir.....................
S tric t Oootl M iddling.......
Good M iddling......... ..........
S tric t Low M iddling.........
Low M id d lin g ...................
S tric t Good O rd in a ry .......

I 1*

on.
on
on
on.
»,« off.
% off
i : , a <>ff
h

.

Good Ordinary.............. e,
Good Middling T la g e d ...
Strict Middling Stained .
Mlddliug Stained..............
s t r i c t Low Mid. S tain ed .
Low M iddling S ta in e d ...

1

off.
Even.
L , off.
% off.
off.
1% off.

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

j N a t.

,71o il T u f * W e d

T ta .

F rl.

®®©d O rd in a ry ....... .... .......... : 7 i . , ? q * 7
ei%* 615,,
Low M id d lin g ............... ............ ! 7»»1ri 7 7# | 7H
71,« 7 ' u
M iddlinsr. . . . . . . . . . . . . . „*
H
8*4
7l»,e 7 ‘*10
Good M iddling............... ............. S *
8%
5*14 1 8<*
M iddling F a ir ............ .
| 81^1# » n l«i
GULF.
S a t . 71 o n T o r * W e d ; T i l .

F rl.

Good O r d in a ry ............
7 q ; 7 1 ,,
7*4
Low M, Idling ..............
■ £*8
7**{
7 Te
M iddling .........................
H*.,
Hh
8
QmrX Mi&ftlltSf?............. .............' gs* •
m lt f
M iddling F a ir ......... ... . . . . . . . . I 0* „ 9% * 9% j 8 » iV
S a l. T Io ilj T n e » ; W e d
STAINED.

F rl,

Low M iddling.................
i 01-He 7
MlddUni*., ...................
7 \
8 trie t M iddling.
.... . . . . . . . .
. BHe o o d M iddling TI bbs A. ............. «>„•. 3*4 :

O'*
7*9
80
7'w
8 At
8>5,r' 33,
Th,

6% i 6 V . 0»lfe i
75*
71 xt
726,- 7lnx. 719*^1
8
n * ,,; 713,el

MARKET AMI SALES.
!

SALES OP SPOT .AVI) CONTRACT.
CLOSED.

| Kx- | O&nporL : sum p..

6%
* Include* sals* In S eptem ber, for S onteraber, 15,100: S eptem ber
7 '.
O ctober, for O ctober, 331,300; Septem ber-N overaber, for N ovem ber*
71i 2 372.000: Septem ber-D ecem ber, for Decem ber, 2,200,000; S eptem lier7*V
Jan u ary,for J a n u a ry . 7.111.1'H); S optem ber-F ebriiary, for F e b ru a ry ,
446,00b; S eptem ber M .tii'li. for M arch, 6.288.201; Septem bcr-A pril,
for April. 3.15,800; S eptem ber M ay. fo r M ay. 4.913.800; S eptem ber Ju n e , for Ju n e , 799,900; Septem ber-,!uly, for July, 998,800.

F utures.
Con ■
tract.. Total.

179
66,500
178
80.000
20
4,800 4,820
80.000
37
17,200 17,237
S80
280 j 59,900
25 7 j
257! 111,400
215; fo.oo \
10,215 13 7,300

8 « W a |„
..
. 1
Me
'o m ’l m 'i*iw lv
Tuesday Amulet »t flee... ■
WerPd&t If hU mi 3.*d r€..;
ThM*y . fiat)
F riday. | q u iet at **6 dec.;
Totah.l

6»»
7 <4
7-i»
? l6ie
88,

-*dJ

m n \ro,ooo:122.000 132,988

525,100

iW~ For exchanges see page 424.
o f C o t t o n to-night, as made up b y
cable and telegraph is as follows. The Continental stocks,
well as as those for Great Britain and the afloat are this
week's returns and consequently all the European figures
are brought down to Thursday evening. But to make the
totals the complete figures for to-night (Sept. 3,, we add the
item of exports from the United States, including In it the
exports of Friday only.

T e e V is ib l e S u p p l y

i H h

4T l

|V o u

OHKnlNHJLh

1894.
1897.
1898.
1896.
Stock at L iverpool___ b ales. 487,000 482,000 1,186,000 974,000
10,000
Stock at L o n d o n ....... . . . . . . .
3,000
3,000
3.000
Total Great Britain Btook. 490,000 485,0001,194,000 984.000
29.000
Btook a t H am burg___ . . . . . . . .
19,000
32,000
3 1,000
96.000
Block at Brem en. . . . . . __. . . . .
74,000
88,000
187,000
10.000
Stock at A m sterdam ............
1,000
6,000
13,000
200
Btook at R otterdam .................
200
200
200
10,000
Btook at Antw erp
.....
2,000
13,000
16,000
322.000
Btook at H avre....... ...............
82,000 140,000 337,000
6,000
Btook at M arseilles..................
5,000
6,000
4,000
74.000
Btook a t B a r c e lo n a ..... . . . . . .
53,000
57,000
60,000
10.000
Btook at G enoa..........................
32,000
20.000
27,000
35,000
14,000
36,000
32,000
Btook at T rieste_____ _____—
Total Continental stocks.. 282,200 398,200 707,200 592.200
Total European stooks__ 772,200 883,200 1,901,2001 ,576.200
34.000
India cotton afloat lor Europe 20,000
26,000
35,000
32.000
Amer.ootton afloat for Europe 36,000
51,000
23,000
11.000
Egypt,Brazll,&o.,attt.forE'pe
11,000
9,000
13,000
8tock In United States ports .
8S.997 259,344 281,457 195,325
55.913
Stock In U. 8. Interior towns..
49,890 125,827
35,892
6,250
United States exports to-day.
3,674
13,014
.........
Total visible s u p p ly ....... 9 8 2,7611,367,335 2,289,549 1 .913,688
Of the aDove, totals ot Araerioan and otlier descriptions are as follow s:
American—
Liverpool stock..............bales. 376,000 357,000 1L,056,000 814,000
Continental stooks......... .......... 217,000 230,000 615,000 420.000
3 2,000
23,000
36.000
51,000
Amerloan afloat for E urope..
86,997 259,344 281,457 195,325
United States stock .................
55,913
35,892
125.827
49,890
United 8tates Interior stooks.
6,200
13,014
3,674
United States exports to-d ay.
Total Amerloan................ . 769,561 1L,086,185 S1,011,349 11,523,433
E a st I n d i a n , B r a z il, <to.—
Liverpool stock ........................ 111,000 125,000 130,000 160,000
8,000
10,000
3,000
3,000
London stock.............................
92,200 172,200
65,200 118,200
Continental stooks...................
34,000
35,000
20,000
26,000
India afloat for Europe..........
14,000
9,000
13,000
14,000
Egypt, Brazil, Ac., afloat.......
Total E ast India, &c......... 213,200 281,200 273,200 390,200
1,523,683
T otal Am erloan................. 769,561 1L,086,185 !1,011,319 1
Total visible su p p ly ......... 982,761 1,367,335 2,289,549 1,913,888
43*t‘id,
4233ld.
4 >4(1.
329:J2d.
Middling Upland, L iverpool..
7=80.
S'so.
8 tic.
eit-iao.
Middling Upland, New York.
6*4d.
6^ d .
4 7sd.
Egypt Good Brown, Liverpool
5
: 63ied.
5=sd.
5U]8d.
Perav.Rough Good, Liverpool
4icd.
died.
3>5led.
41s. d.
Broaob Fine, Liverpool...........
4“t„d.
4 i32d.
39lt d.
44td.
Tlnnevelly Good, Liverpool..
t W The imports into Continental ports the. past week have

ki

LXV.

(QUOTATIONS FOR MIDDLING COTTON AT OTHER MARKETS.—
Below are closing quotations of middling cotton at Southern
and other principal cotton markets for each day of the week.
CLOSING QUOTATIONS FOR MIDDLING COTTON ON—
Sept. 3.

S a tur.

Mon.

Tuet.

7H
73|6
74,
7>e
7
7
8
S'la
8-e
8 Bi0
7tj

7318
7 3iq
751
7h)
7
7
8
She
8>e
Shi
738
7L8
71’ l6
7*3
8is
7\

7%
7%
7 ’4
7
7

G alveston . .
N ew Orleans
M ob ile.........
S avan n ah . .
Charleston..
Wilmington.
N orfolk .......
B oston .........
Baltim ore...
Philadelphia
Augusta.......
Memphis__
St. L ouis__
H ou ston __
C in cin n ati..
L ou isville...

7 U la
73,„
8%
7%

W ednet.

Thun.

F ri.

7%
71,8

71,8
71,6
7
613,8
6 4 ,a 78
7
71l«
7A s
7 \

7}ie
71,8
7
6%
6=8
7
7 18
713,8
7St
7 7a
7
77,8
7=8
7
8
7H

71-4

7
7
7
8
8
8
81,8
754
77,8
71116

7

8
8>4
8b!
354
7543%
77)8
7U l6
7>s
Shi .
7H

7*8
7 ’18
7=8

71,8

71,8

8
73t

8 ’3
7%

The closing quotations to-day (Friday) at other important
Southern markets were as follows.
A thens..............
C harlotte.........
Columbus. Ga.

6% N a s h v ille ....... .
.
6*4
6% R a leig h ........... .
63, S h rev ep o rt.... .

7h! Columbus, Miss
63*
L ittle R*iok___
63, M ontgom ery...

712

73s
61516
7>S
6918

Receipts from the P lantations .—The following table
indicates the aotual movement each week from the plantations,
the figures do not include overland receipts nor Southern
oonsumption;- they are simply a statement of the w eek ly
movement from the plantations of that part of the crop w hich
finally reaches the market through the outports.

Week
Bndlno—
July 30......
Aug. 6.....
“ 13......
“ 20......
** 27......
Sept. 3......

Receipts at the Ports. St’k at Interior To'itms. Rec’ptsfrom, Plont’ns,
1897. 1890. 1895. 1897. 1896. 1895. 1897. 1890. 1895.
3,207 5,539 1.760 28,743 78,164 47,202 181 723
4,052 4,930 2,137 28.640 76,890 43,742 3,949 3,656
7,396 10,370 1,749 31,064 76,547 41,714 9,820 10,027
19,060 36.901 2,715 30,284 89,793 35,157 24,280 50,207
32,718 68,55? 0803 36,941 110,181 34,782 33.375 88,945 0,428
51,271116,^90 15,093 49.890 125,827 35.892 64,229 I3y,530 16,203

been 13,000 bales.
The above figures indicate a d e c r e a s e in the cotton in sight
The above statement shows: 1.—That the total receipt6
to-night of 384,634 bales as compared with the same date from the plantations since Sept. 1,1897, are 25,437 bales; in
of 1896, a falling off of 1,306,783 bales from the corresponding 1896 were 65,440 bales; in 1895 were 16,994 bales.
date of 1895 and a decrease of 931 127 bales from 1894.
2.—That although the receipts at the outports the past week
’ A t the I nterior T owns the movement—that is the receipt8 were 51,271 bales, the actual movement from plantations was
for the week and since September i, the shipments for the 25,437 bales, the balance going to increase the stocks at the
interior towns. Last year the receipts from the plantations
week and the stocks to-night, and the same items for th« for the week were 132,535 bales and for 1895 they were
corresponding period of 1896—is set out in detail below.
16,303 bales.

Overland Movement for the W eek and S ince S e p t . 1.—
We give below a statement showing the overland movement
foi the week and since September 1. As the returns reach us
by telegraph late Friday night it is impossible to enter so
largely into detail as in our regular monthly report, but all
tne principal matters of interest are given. This weekly
publication is of course supplementary to the more extended
monthly statements. The results for the week ending Sept. 3
and since Sept. 1 in the last two years are as follows.
1896.

1897.
September 3.
Wee*.
ane
Vfec* MM
M
OL>-*M
OTOOCMt'lOTA oocn-oco
toMoawtowoaoifkfoooHOO

©•
*-‘o> • crcibo eti >
to. - crmm; O 'iw ; wcoot
ot © to M
O’ M. -viWiP-

to
m to
;
;
to
ccaco
M
MM
• O’1 (faCO©
; Otni-*
coooci^^ooMcto cfttoaoT-a: >-to;
oc> «•: o o o i
M0 © © © © © © 0'**-©C*©©©« to©. coocco © O ^ . M©©

g

Shipped—

&
>§

5s
©
M
©<JW-*M
I-Ito-J M
to
© w;
— <1to to f ? i
h-M H-tO©M<l^M © M© tO© CC M-• woooc; ©00 totocow
Mtoo’'Mautoiyiai©MtOH-©to©M CDGOat to © OI • - 5©MMGCMW

00

»-* GO fc®j
wco^ m ;
>- GbCDCD«-i 1
-A i-C IH . .:

Deduct shipm ents—
Overland to N. Y ., B oston, &o.

ft
&5

to
1°
© © © GO
CO
©to
cdcn

Total to be deduoted..............

CO *

Leaving total n et overland*..
* Including m ovem ent by rail to Canada.

HKtOMM
M
CCM<1M>- CO
10 GO©OC10W© *0 © 10© if*-*-1© 1003GCtO 07MC0<JtCtCMMCcatt0^1 I ?
QC © 00 O ' 00 •-1o O* © 00 CD ^ W
M C-HO © ^.1 © a M M
w
o CO © CJ' M
©tO©C*5©©CnOOOl©M<lM©tU©GD©U'©>t--a^<IM<J©©©iJk.^

#

to M
to
4-1to
COQC•—
' © “ © © COto 07© OI
^©e©co<i©OT©to©©©o©©»^©^j© ©Oi©C©O©Ot0© co
© © © © © © © ^© © m ©© © © © go© © © C ft* © © © © © © © ©

© to to M_tfto
I-1
V V tO < fw to CDto © tc'tc ifA©to

Oi©CC<J©W©*‘l^tO©»^WCOCO:
©©©CB-oooi~4M©i-^<]aDc;’'
©COCTCDX. io©0DMcr)©©CM©;

M

f

Since
Sept. 1

Wee*.

Since
Sept. 1.

190
23
226

3,141
231

5
32
108

278
156
153

584

3,959

209

439

237

584

496

1,023

88

2,936

The foregoing shows that the week’s net overland movement
this year has been 88 bales, against 2,936 bales for the
week in 1896, and that for the season to date the aggregate nc t
overland exhibits an increase over a year ago of 2,848 bales.

I

COto MM to
** totOMa ©oiCh©
cn
-JO —MtCMU-CCW-* ano 00
© Ul CJ« © r- to © M-4 M CDCO

to
to
©
M
*tO-7 Mto © • ©o* it*.m
a ©c* coc*ccao-owoi©'oyit‘ C!i
©©MX**. , © ©. M*O^I»**tO©©CJ»M©tO©V>-JCn©tO©©M
®tO©Oi©©WM©CO©aaC©COOOitArfk.©03co
© © © U»C3 .

Theabovetotals show that the interior stocks have in c r e a s e d
during the week 12,949 bales and are now 75,937 bales less
than at same period last year. The receipts at all the towrs
have been 18,139 bale? /ess than same week last year and since
■Bepf.1they are 23,693 bales less than for same time in 1816.

In 8 ig h t a n d S p in n e r s '
T a k in g s .

1897.
W eek.

Reoelpts at ports to Sept. 3 .........
tfet overland to Sept. 3 .................
lonthern consum ption to Sept. 3.
Tot: 1 m ark eted .........................
Interior stooks In e x c e s s...............

......

Came Into sight during w eek .
Total in sight Sept. 3 ..............

.........

North’n sp in n ersta k ’gstc Sept. 3.

___

I

S in c e
Sept. 1.

1896
W eek.

Sin ce
Sept. 1.

20,510
88
15,000

62,207
2,936
16,000

35,593
4,927

81,143
3,237

40,525

84,380

4,637

5,561

It will be seen by the above that there has come into sigl t
during the week 40,525 bales, against 84,380 bales for tl e
same week of 1896, and that the decrease in amount in sight
to-night as compared wit! last year is 43,855 bales.

(

THE CH ROJMCLE

Weather Reports by Teleoraph.—Reports to us by tele­
graph this evening from the South denote that in the coast
region of Texas late cotton has been benefited by showers
the past week, but that in many localities of the State
more rain is needed. Elsewhere the precipitation has been
light, as a rule, and some Improvement in the crop is indi­
cated in portions of Alabama. The weather has favored
picking and it is making excellent progress.
Galveston. 1<ore's,—Showers on the coast have been bene­
ficial to late cotton but have retarded picking. Conditions
are improving, but late cotton is needing more rain in many
localities. The bulk of the early cotton is open and picking
well advanced. Worms reported to be spreading. It has
rained on two days of the week, the rainfall being one inch
and forty-eight hundredths. The thermometer has averaged
81, the highest being 86 and the lowest 76. August rainfall
four inches and sixty -five hundredths.
Pa esH»e. >.r i*.—It has been dry all the week. The ther­
mometer has averaged 81, ranging from 68 to 64. During
the month of August the precipitation reached forty-eight
hundredths of an inch.
Huntsville. Texas.—There has been rain on one day during
the week, to the extent of thirty hundredths of an inch”.
The thermometer has ranged from 07 to 94, averaging 80.
During the month of August rainfall three inches and
twenty-six hundredths.
Dallas, 7V.ru*.—We have had no rain during the week.
Average thermometer 82, highest 0“ and lowest 65. Rain­
fall for August one inch and twenty-two hundredths.
'an Antonin. Ttjns.—There has been rain cm two days
during the week, the rainfall being eleven hundredths of an
inch. The thermometer has averaged 82, the highest being
96 and the lowest 68. During the month of August the rain­
fall reached forty hundredths of an inch,
Lulmg, Texas.—It has rained on two days of the week, to
the extent of seventy-nine hundredths of an inch. The ther­
mometer has averaged 82, ranging from 69 to 95. During
the month of August the rain fall reached two inches and
seventy hundredths of an inch.
C o lu m b ia . T e x a s .—
Telegram not received.

Cuero, Texas.—We have had rain on three days during the
week, the precipitation reaching thirty-nine hundredths of
an inch. Average thermometer 80, highest 91, lowest 68.
August rainfall one inch and forty-five hundredths.
Brenham, Texas.—We have had rain on two days of the
week, to the extent of three hundredth- of an inch. The
thermometer has averaged 82, the highest being ill and the
lowest 00. August rainfall three inches and seventy-seven
hundredths.
Fort Worth, Texas.—We have had no rain during the
week. The thermometer has ranged from 66 to 98. aver­
aging 82. August rainfall two inches and seventeen hun­
dredths.
Weatherford. Texas.—We have bail dry weather all the
week. Average thermometer 88. highest 97 and lowest 6h
Duiing the month of August the rain fall reached three
inches and two hundredths.
-Veic Orleans, Louisiana.—There has been no rain during
the. week. Tile thermometer has averaged 83.
Shreveport, Louisiana.—There lias been no tain during t he
week. The thermometer has averaged 83, ranging from 70
to 95. August rainfall seventy-eight hundredths of an inch.
i atumtms. nimutstppi.—Rain has fallen on one day during
the week to the extent of forty hundredths of an inch. The
thermometer has ranged from 68 to 160. averaging 88. Dur­
ing the month of August rainfall six inches and twenty
hundredths,
Ixtancl, Mississippi.—We have had rain during the week
to the extent of eighty hundredths of au inch. Average
thermometer 70. highest 03. lowest 64.
V ic k s b u rg , M is s is s ip p i .—
There has been rain ori two days
this week, the precipitation being eighty-four hundredths of
an inch. Average thermometer 82, highest 94 and lowest 69.
Little Rock. Arteans s.—Rain has fallen on one day of the
week to the extent of eleven hundredths of an inch. The
thermometer lias a veraged 84, the highest being Ido and the
lowest 69,
Helena, Arkansas.—There has been no rain since the 20th
of August. Cotton is doing well, except that there are
some complaints of injury from rust. The thermometer
has ranged from 07 to Kg, averaging 78.
Memphis Tennessee —Rust and grass worms are reported,
hut no serious damage has been done as yet. There lias
been a severe local storm on one day of the week, the rain­
fall reaching one inch and six hundredths. Average ther­
mometer 84*7, highest 98*8 and lowest 69-3. During the
month of August the rainfall reached two inches and sixty-

four hundredths, on seven days.
SrohmUs, Tennessee.—August rainfall two inches and
thirty-four hundredths.
Mmale. AMmmn.—Crop accounts are not good. There are
complaints of serious and general injury by rust and some
damage by worms. Picking is general and making good prog­
ress, There has been rain on one day during the week
the precipitation being four hundredths of an inch. The
thermometer has averaged 81. ranging from 71 to 95.

Month's rainfall eleven inches and fifty-six hundredths.
Montgomery. Alabama,—Crop reports are still bad. but the
weather has been perfect for gathering the crop. We have
had rain on three days during the week, the precipitation
reaching fourteen hundredths of an inch. The thermometer

T23

has ranged from 72 to 94, averaging S3. August rainfall six
inches and forty-nine hundredths.
S e lm a . A l a b a m a .— The weather has been more favorable
and the top crop is more promising. Cotton, however, is
spotted. We have had rain on two days during the week, to
the extent of seventy-eight hundredths of an inch. Average
thermometer 83. highest 92 and lowest 71.
Maduon Florida —Telegram not received.
S a v a n n a h , ( .e o r g ia , —There has been rain on one day of
the past week, the rainfall being two hundredths of an inch.
The thermometer has ranged from 72 to 95, averaging 8 2.
Augusta, Georgia.—We have had rain on one day duringthe week, the precipitation being fourteen hundredths of
an inch. Average thermometer 82, highest 96, lowest 68.
t ‘ha rleston. South Carolina.—We have had rain on three
days of the week to the extent of one hundredth of an inch.
The thermometer has averaged 80, ranging from 74 to 91.
Stateburg. South <_arotinu.—Picking is progressing briskly.
There has been rain on onei night, during
_ the week,. to the extent of nineteen hundredtlis of an inchi The thermometer
has ranged from 68 to 91, averaging 79• . August rainfall
eight inches and six hundredths.
Greenwood. South Carolina.—We have had rain on one
day during the week to the extent of one inch and four hun­
dredths. Average thermometer 80, highest 92 and lowest 69.
Rainfall for August three inches and fourteen hundredths.
Wilson, Forth <nrotina.—It has rained on one day of the
week, the rainfall reaching sixty-seven hundredths of an
inch. The thermometer lias averaged 83, the highest being
96 and the lowest 70.
The following statement we have also received by telegraph,
Plowing the height of the rivers at the points named at

le w O rle a n s.............. .A bove zero of gauge.
UemphiB..................... ..A b o v e zero ot gau g e.
SaahviUe..................... .A bove zero of gauge.
th r e v e p o rt.................. .. A bove te r o o t g au g e.
V letaburg.................... ..A b o v e zero o f gauge.

ScpL 2, *97.
Feet.
3-8
5-6
2-4
03
8-0

Sept. 3, *96.
Feet.
5*2
7*4 J
1*9
*2-8
11*5

I ndia C otton Movem ent F rom a l l P o r ts .—The re c e ip ts
m d sh ip m e n ts of c o tto n a t B om bay h av e been as follow s fo r
th e w eek a n d y e a r, b rin g in g th e figures dow n to Sept. 2.
soubat a e c sirra *xo shipm shts fob poor t e i b s .
Shipm ent* th is week, f S hipm en ts since Sept. 1.
Fear Qreat Conti- , , . 1 Qreat
OantiTotal.
B r ifn . n m i . Totai. B rita in nent.
1897
1S90 ......
1895
1884
’Pur y ean

1.000
8.000
3.01)0
4,000
e n d in g

1.000 32,000:584,000 596.0U0 1,000
797,129 10,000
3.000 28,718 -194,858 521,570 7.000
4.000 47.14* 837,730 884,874 4.000
S e p t. 1 .1 8 9 7 ,1 8 9 (5 ,1 8 9 5 find” 1894.

S h ip m en ts fo r the week.
C onti­
nent,

Qreat
B rita in .
Calcutta—
1897.........
1896........
Madras—
189**........
1396 ........
All others—
1390........
Total all—
1897........
1898.........

lium bay........ .
U lotherport*
Total

1.017.000
2.155.000
1,533,367
1,794,175

Shipm ents since Sept. 1.*
Qreat
B rita in . Continent,

Total.

.

.

Total.

8,899

75,000
80,937

33,000
95,885

8,000

2,000

2,000

4,000

7,000
16.100

22,000
19,005

29,000
35,111

1.000

3.000
4.000

4.000
4.000

32,000
22,510

141,000
129,080

173,000
152,190

i.o o o
2.000

3,000
0.000

4,000
8,000

47,000
47.514

238,000
235,072

*285,000
283,186

axpoars ro
Shipm ent*
<» all Murojit
fro m —

Receipts.
Since
This
Week. Sept. 1.*

bckopk pro* ai

1897.

india.

189b

T h u | Since
week, ! Sept. 1.*

1895,

This j S in .
week. | Sept.

*

T his
week.

Since
Sept. 1.**

1.000
4.000

586.000
295,000

6 ,0001 797,129
8,000, 283,188

3.000
4.000

521,576
236,241

5,000

881,000

w
«yt

!»S*7.J

7,000

757,817

?

S eptem ber 4

Alexandria Receipts and Shipments.—Through arrange­
ments we have made with Messrs. Davies, Benachi & Co., of
Liverpool and Alexandria, we now receive a weekly cable of
the movements of cotton at Alexandria, Egypt. The following
are the receipts and ahipmenta for the past week and for the
corresponding week of the previous two years.
Alexandria., Eatjpt.
September 1
pt» (can tars
rhiB W6» k ........._ .....
Since Sept. 1 .........

e x p o rts (bales)—
To L iverpool. . . . . .

1896.

1895.

1 This j Since
week. Sept. 1.;

5,000
5,275,383
This | Since
week. Sept A . ‘

6,000
4,615,270
,Since
This
week. Sept. 1 .f

t 2,000-341,000
; 3,000,411,000

4,000 339,904
2,000.343,379

1,000 276,610
365,018

1897,
7,000
5,806,000

1

! 5,OOOI 732,000 i 0,0001883,283 1,000 831,628
* A c a n te r ts 98 pounds.
(O fw h in b tn \ m erle- t. 1890-97. 50.941 calee: In 1895-90,59.341
bales: In 1894-95. 14,570 bale,
„
! Totals -trice 8e n un >«r 1 cover the hit! ye its 1 593-97,1815-93 and
1894 95.

424

THE CHRONICLE.

fVoi» LAV.

Manchester Market . —Our report received Jby cable
to-night from Manchester states that the market continues
dull for both rams and shirtings, in consequence of American
news. We give the prices for to-day below and leave those
for previous "weeks of this and last year for comp prison.

th e c en tr a l and e a stern portion s of th e State- C otton has b e e n so
h e a v ily fru ited , h ow ever, th at, n o tw ith sta n d in g co n sid era b le sh ed d i >g,
a At’g e crop m u st be m ade. I t is op en in g ev er y w h e r e an d p ick in g w ill
b ecom e g e n e ra l n e x t w eek.
S outh Ca r o l in a —The rep orts on c o tto n are w ith fe w e x c e p tio n s
un favorable and n ote d eterioration in co n d itio n . O ver th e m ost o f
th e S ta te th ere is e x c e s s iv e sh ed d in g o f sq u a res and votin g b olls, an d
on lig h t sa n d y so ils th e p la n t is ap p a ren tly d yin g ra p id ly an d is d o n e
1896.
1897.
fru itin g. B lack rust is p revalen t, an d in p laces en tire fields a"6 a ffe c te d .
8H lbs. S h irt­ OotPn Wornie also d id som e dam age. The p r o sp e cts o f a to p -e co -» a re p o o r ,
BH Ibt. S h irt* OotVn
32s Oop. ings, common Mid. 32s Oop. ings, common Mid. alth ou gh o ver eonstd *rable areas a top crop ism a k ln g . 1'otton o p e n e d
T-wist.
ffpldi rapt Uy du rin g th e w e e k an d over th e eastern an d c en tr a l con. .tie s
to finest.
TJpids Ttoist,
to fin est.
p ick in g , g in n in g and m arketin g th e crop h a s fa ir ly b e g in an d w i l l
becom e gen eral d u rin g th e w eek. Sea Isla n d c o tto n is not m a ie n a ly
d.
g.
d.
a.
d.
rt.
d. 8. d. s. d.
a.
a.
d.
8
4®, > 6% VT-ha 1 3%®G 8
92933 injured and see m in g ly does n o t sh a r e in th e g e n e ra l d e te r io r a tio n o f
J'y 30 6’ is »77ie 4 2
up
land cottoD.
4
2V<2>6
8
4
9
4
j4
Aug. 6 6% ® 7h6
I V i 6T,«®7%
M isso u r i .— rn th e so u th e a ste rn c o u n ties o o tto n i s d oin g fln e'y in a
« 13
4'sa 6 n , a ®75s 4 6 © 6 10's 43%2 fe w
®7",e 4 2k5&6 8
lo c a litie s, b u t in g en era l is bein g g r e a tly injured by th e d r o u g h t.
4
7
©7
0
^ IS 2
« 20 HSs ®77„, 4 2 3>6 “8
i«3a 6 i3 ,ua>7r’?8
A labam a . - A s a w h ole, th e w eek w as fa v o r a b le for- a'L m a t ic in g
« 27 87la ®7i% 4 2 m
41°-2
7hs do;ta 81Si„d>7% 4 7 ®7 0
423^<>
crop*,
til mgh th e *u sden tra n sitio n fro m t.h »w t an d v* 1 c o a d itl in g
38
4 8 ®7 1
Sep. 3 8% ®7H 4 lJ a » 6 7 h
of th e p r e v io u s w eek to th e w arm and d ry o f th is h a s serio u sly d am «ged
, Cotton Crop Circular .—Our Annual Cotton Crop Review cotton , w hich in m id dle and so u th e r n p ortion s of th e S ta te is ru stin g ,
g and sh ed d in g b fii<y w h ile boll w orm s tre rep orted
da nwill be ready in circular form about Wednesday, Sspt. 8. raogttin
in g in lo c a litie s , and so m e corresn on d en ts rep ort c o t'o u as ab ou t
on th in land s, in north era counties, th e sta p l - is in m ich b e tte r
Parties desiring the circular in quantities, with their business dead
ooad ition ami w i'lb e a good y ie ld , b u t iu m i Id le an d s u th ern c o u n ­
cards printed thereon, should ssad in their orders as s)oi as tie s tb e y ie ld w ill be-m uoh le ss th a n w a s a n ticip a te d tw o w e ek s ago.
P ick in g is beeoini og general.
possible, to ensure early deliverv.
Mis s is s ip p i —C otton is d oin g v e r y w e ll, a lth o u g h rep orts c o n tin u e
o
f lo--al dam age b y rns% sh e d d io g , r o t an d a n n v w orm s. P ic k in g is
J u t e B u t t s , B a g g in g , & c .—The market for jute bagging has
p rogressin g and c o tto n i s o p e n in g f a s t in a ll sec tio n s, a good y ie ’d is
has been steady during the week under review at unchanged assured w ith con tin u e d fa v o r a b le w eath er, an d so m e rep ^ rts in d ic a te
quotations, the close this evening being at 5^c. for lbs., 5%c a v e r y fin e crop.
for 2 lbs and 6%e. for
lbs. f, o b at New York, The mar­ L o u is ia n a .—- The dry w ea th er, fo llo w in g th e e x c e s s ’v e r a in fa lls o f
e p reced in g w eek o ver th e g rea ter portion o f th e 8 tat*. p erm itted
ket for jute butts has been quiet, Quotations are ‘97J^c for th
good h e a d w a y b ein g m ad e iu cotton p ick in g a id in a rapid op en in g o f
paper quality, 1\{ q for mixing and l%c for spinning cuttings, th
e cotton . R eports from th e m a j o r h y o f co rr e sp o n d e n ts s t a t > th a t
all to arrive. Spinning cuttings on the spot are quoted at cotton is q u ite seriou sly affected b y r u st and is sh ed lin g on h ill land s;
th a t w orm s are rath er nu m erou s iu m any lo c a litie s, n e c e s s ita tin g
1%jG. and paper quality at 1c. Prom Messrs. Ira A. Kip & also
poisonin g w ith Paris g r e e n The d a m a /e rom w orm s is, h o w e v e r,
Co.’s circular we ascertain that the deliveries of jute butts and slig
n t. T he boll w o rm is rep orted as in ju rin g th e crop on la u d s th a t
rejections at New York and Boston daring August were w ere overflow ed in M adison parish.
50,785 bales, against 3,6 >0 bales for the same month last year, T e x a s .—Ootton p rosp ects h a v e im p ro v ed so m e sin c e t h e la s t ep ort.
rain s of la s t w e ek and th e w e ek b efore sta r te d a n e w g row th on
and since January 1st the deliveries have reached 289,89') Tlahe
te co tto n , an d i t is rep orted th a t th e p la n t is fr u itin g n ic e ly ,
bales, against 2-79,207 bales in 1896. The aggregate stock in and
th e in d ica tio n s also p o in t to a g ood to p crop in m o st
the hands of importers and speculators in New York and sec tio n s, and n e a r ly a ll b e lie v e th a t la te c o tto n an d th e to p crop
w ill be b e tter th a n eaH y co tto n , b u t a g en era l rain w ou ld
Boston on August 31st was 1,0m) bales, against nil bales at be
eficial to th e crop. E arly c o tto n is a b o u t a lilm a d e . T he r a in s
the corresponding date in 1893, and the amount afloat reaches camb een too
la te to b e n e fit coyly co tto n . T he M exican b o ll w e e v il is
56,503 bales, against 31,768 bales last year.
rep orted from, a fe w lo c a litie s , and th is p e s t h as sp r ea d so m e s in c e
s t report.
S ev era l corresp on d en ts rep o rt t h a t rusr, is d o in g
E xchanges .—The following exchanges have been made la
som e d am age to c o tto n a n d c a u sin g th e p la n t to die iu p la c e s.
during the week:
P ick in g is p rogressin g n ic e ly o v e r th e so u th e r n p o r tio n o f th e S ta te ,
1 1 0 pd. to exch . 100 Oct. for Aug. 10 pd. to exch. 1,800 Jan, f ir Oet. w h ile it is b ecom in g g e u e r a l o v e r th e north ern porfcmn, w h ile in th e
n o r th w e ste rn p ortion of th e c o tto n b e lt p ick in g h as o n ly c o m m e n c e d
*14 pd. to exch. 100 Jan. for Oct.
‘29 pd. to exch. 5 00 Oct. for Sept.
in a fe w fields. E rly cotton w ill soon be a ll op en an d read y fo r p ick ­
"15 pd. to exch 1,200 Nov. for Oct. *13 p'l.. no exch. 50*> Dec. for Ock
in g o v er th e sou th ern portion of th e S ta te , is b ein g r u sh e d , an d as a
'75 pd. to exch, f>00 Sept, for Aug. 15 pd. to exch. 100 Nov. for Oct.
*15 pd. to exeh. 100 Deo for Oct.
•0 5 pd. to exch. 100 Meh for May. ru le is lig h t, e sp e c ia lly on u p la n d .
T e n n e s s e e . —C otton is r ep orted in f u r co n d itio n o f d e v e lo p m e n t—
•48 pd. to exch. 500 Nov. for Sept. *03 pd. to exch. 100 Moll, for O it.
*48 pd. to exch. 100 Dec. for Sept- •02 pd. do exch. 3,200 Nov, for Dec. o p e n in g rapidly. In th e w estern sec tio n th er e is o m p la iu t o f m uch
*96 pd. to exch. 500 Sept. for Aug. •12 pd. to exch. 100 Nov for Mch. slie d d ia g of form s and dam age b y d rou th to th - crop on th e u p lan d s.
S in ce ih e d o s in g ( f th e rep orts good r a in s h a v e fa lle n o ver m a n y por­
•11 »d. to exch. 500 Jan. for Oct.
■05 oh. to exch. 100 Nov. for Jan.
tio n s o f th e S ta te , e sp e c ia lly in th e e a ster n and w e ste r n s e c tio n s, w h ich
*44 pd. to exch . 200 Nov, for Sept. Even 100 Oct. for Mch,
w ill d ou b tless m aterially im p rove th e c o n d itio n of crops.
Government W eekly Cotton R eport . —Mr W, L. Moore,
G eorgia .— b t to a is g r o w in g w e li an d is n o w b e in g p ic k e d in good
Chief of the Weather Bureau of the Agricultural Department, c on d ition , w h ile a large ea rly corn crop h as b e e n sa v ed , a n d th e la te
bid s fa ir to r etu r n e v e u a g r ea ter yie ld .
made public on Tuesday the following telegraphic reporis on crop
kid a .—V ery fa v o r a b le w e ek . C otton o p e n in g r a p id ly and p ick ­
the crop in the Southern States for the week ending Aug, 30: in gF lo
b e c o m in g a tiv e .
A
r
k
a n sa s .—Co tto n h as d eterio ra ted m a ter ia lly d u rin g th e w e ek ,
Virginia .—Cottfn , good crop.
N o r th Ca r o l in a .—Drought again injurine: crops over consifl erable ch iefly th rou gh b lig h t and ru st, and w orm s in som e ipcalitvies I t is
op
en
in
g q u ite rap id ly in som e s ec tio n s, b u t p ic k in g w ill h ard ly b ecom e
area, and esp d a lly co tto n ; cotton m aterially deterlorating in many
-counties; in others still flue, opening everyw here; picking w ill soon gen eral o v e r th e S ta te b efore S ept, 15. R ain w ou ld do b u t little b e n e ­
fit to c o tto n n*>w, but w ould be o f g r e a t v a lu e to la te v e g e ta b le s an d
become general.
Sooth C \ROct'?A—Cotton shedding squares and young bolls, w ith p u t grou n d in co n d itio n for fa ll p lo w in g .
Ok la h o m a a n d I n d ia n TERRiTORY.—C otton h a s g row n rap id ly d u r­
poor prospects for top orop, opening rapidly; picking will Pennine
in g th e w e ek , and g iv s fine prom ise; th e crop is n o w prue ic a lly
general this w eek; black rnsr, prevalent
0 borqia.—Cotton doing well as a rale and picking general, some m ad e and p ic k in g has b e g u n in S o u th ern C h ickasaw N ation and w ill
rust, but on decrease.
be g e n e ra l n e x t w eek . In som e se c tio n s o f th e C h ick asaw N a tio n
F lorida.—Very favorab'e week, closing sunshiny and hot over the ea rly c o tto n has sh ed to som e e x te n t, and from on e or tw o s e c tio n s th e
western, northern and central districts; cotton picking active over la te crop is injured by drouth, b u t g e n e ra lly in th ed n d ia n T erritory th e
northern and western conmies.
e n tire o r o p is up to or ab ove th e a v e ra g e . T h rou gh ou t th e c o tto n b e ltin
A labam a . —Cotton showing effects of last week’s rain, and is rusting O klahom a the crop is v ery fine and bv far th e b est e v er gr *wu. S p ec ia l
and r-hniaing badly, esoeelaily in middle and sotirliern con a ties, w here r ep o ris h a v e b een r ec e iv e d from e v er y s e c tio n w h e r e c o tto n is g row n
its condition is deoidedty below that reported two weeks ago; It is open­ and all rep ort i t to be e x c e lle n t.. The lU ht. ra in s S u n d ay n ig h t an d
in g rapidly and oieki g becom ing general,
M onday w ill b en efit th e crop , but h e a v y ra in s n o w w o u ld >e in ju riou s.

M ississippi .—Favora.be for alt crops; cotton doing very well a l­
though reports of Ipcdl damage by rust, worms and shedding comioue;
picking progressing a id o u o a oocumg Cast La a lls jo tie as ; good yield

Sh ippin g New s .—The exports of co tto n from th e U n ited
States the past week, as per latest mail retu rn s, have reached
Louisiana .- Warm, clear week, with only light and scattered show- 12.799 bales

asBuri'd.

era. fa orable f ir oo$ on picking an lrap id opening of bolls, consider­
able complaint of rust in ootio i and some worms reported.

■ T e x a s , -W eath ergen erally fa v o ra b le for farming operations; cotton

is wen advanced ov«r central and sm th ere portions, but two to three
w eeks late over northern portion; recent rains improved late-p a ited
cotton au i started fop crop, but more rain needed for prooer growth;
drought continues in some loo slid
Mexican boil weevil injuring cot­
ton in places and rust is bad in several localities, yield bd ow average.
Arkansas .—Cotton has deterioraied materially, chiefly through
blight and rust, and worm i in localities; picking will become general
about Sent ember Jo.

T knnbssre—r’otton generally in good condition, opening rapidly.
Oklahoma.—F ine weather for ootton; picking has begun in southern
section,
M issouri.—Drought stiLl unbroken; cotton out short.

These reports a re

s u m m a r iz e d as follows :
While the general abseace o f rain In tin Southern States h tv been
v efy favorable for ooi ton pick! ig, which is becoming general, over the
eenfcr l portions of the ootto i bait, the crop has not made favo-able
progress, although d lin g well in som e sections In Georgia, viississippi, Virginia and por ious of North O troilna cotton is generally
doing well, but in -ther portions of the cottoa region compi tines of
rust, sh (lding and insects continue, though som ewhat less 'numerous
than in the preceding w mk. In Texas recent rains h iv e improved
lafcn cotton and h is started th e '‘top'’ crop, but more rain is nee ted.
In Central and Southern T ex ts file cro > is well advanced, but over the
northern part of the 3 ate It is from two to three weeks late.
State W eekly Cotton R eports.—We give below sum­

maries of the reports for the week ending August 30 issued by
the vari us Stat s under tbe auspices of the Weather Bureau
of the United States Department of Agriculture so far as
they apply to cotton.
V irginia ,—Drought is still on. Cotton is reported good.

North C arolina.—The beginning of the week was favorable, but the
latter half was very warm and dry, and as no g »od general rain has
occurred in August, the drought is again, becoming very I djurious in

Total bales,

i K f Y o r k —To L iverpool, per ste a m e r Tauric, 1 ,0 6 9 . _________
ib M anchester, p er team er N asm yth , 150.
...................«
To H avre, per steame-r La G ascogn e, l , 2 0 0 . . . ........ . . . . .
To B rem en, per steam er B ^rb^r ssa , l , i 7 0 ................ . ............
Jo A ntw erp, per s t am er N oordlan i, 100 ................... . . . . . .
To G enoa, per stea m
U tria . 25 .
. . . . . . ........
............
N e w Orleans -T o L iverp ool, per ste a m e rs E le ctric ia n , 3,1 5 8
H orrox, 5 5 0 . . ............. .
............ ..............................
To B arcelona, p r s te a m e r C atalin a, 3 , 5 8 9 . . . - . .................. .
G a l v e st o n —T?-Li/(-r p o o b per s te a m -r V ^sta, 1,735
Ba lt im o r e —To H a v ie , per stea m er F alklan 1, 3 . ..............
P h il a d e l p h ia — To L iverp ool, per stea m er W aesland, 5 0 ..........
T otal

1 ,0 6 9
15 0
1 ,2 0 0
1 ,1 7 0
1 00
25

3 ,7 0 8
3 ,5 8 9
1 ,7 3 5
3
50

------- ------------------------------------- --------------------- --------- 1 2 ,7 9 9

Cotton freights a t New York th e past week have been
as follows.
sa tu r.

Mon.

fu ss .

Wednes. T h u r*

Hr

Uverpool, asked .d.
Tg, ® If? 784® ’S
7,49^3 7 ^ ^
B a v r e ................ c. 32>--45t S2ia-3r4 3 2 V 3 1 32%-35t 321e-3ot 3 2 V 3 5 t
Bremen............„ d . 303351 3sOa>3ot 30 <5f3 ,1 30®35t 30a;35 30® 35t
Hiamburg...___.d.
3 u1
301
30'
30
301
30t
a 1u sterdam . . . . . . c.
35'
35
351
35
351
35t
Reval, v. Hamb..rf.
401
40t
401
40 i
401
40t
Do v. H u ll.,.^ .
401
401
1364
1S34
13.'4
1SB4
35f
35t
R otterdam ....... .d .
351
351
33t
351
351
v-fcuoa....... .........d,
351
351
35t
35t
35t
Trieste..................<i.
S16
S16
31B
319
S18
3 10
Antwerp.............. d.
®32
®sa
5sa
B3a
533
aiien t.v.A n tw ’p.d.
31«
8lfi
S16
t Cents n et per 100 lbs«

THE CHRONICLE

S eptem ber 4, ldS7,]

L i v e r p o o l .— B y cable from Liverpool we have the follow*
ng statement of "the week’s sales, stocks. &c., at that port.
A ug. 13.
S ales o f the w e e k .......... balesO f w h ich e xp o rte rs took -..
O f w h ieb specu lators took.
S a te , A m e r ic a n .......- ......... - - A ctu a l e x p o r t............................
F o rWium.4.........
w a r d - ;!................................
T o ta l sto ck — E stim ated ..........

55.000
4,700
000
4 $,000
8,000
52,000
<»«,wvw
61B.000

A u g. 20.

A u g . 27.

44,000
35,000
5.900
2,000
700
900
40,000
30,000
7,000
11,000
45.000
**■' 40,000
578,000 a20,OOO

SepL 3.‘
48,000
3,800
ft00
43,000
10,000
’40,000
" .w v
487.000

425

DAILY CLOSING- PRICKS OF NO. 2 RED WINTER WHEAT.
Sat.
Mon. Tues. Wed. Thitrs.
Septem ber d elive ry.........e, 9 7%
9«%
96%
in o % 100%
85%
95%
98% 8 9%
O ctober d elive ry .............. e. 4 5%
N ovem ber d e liv e ry ....... e. 94%
94%
94%
98
__
December d e liv e ry ......... e. 94%
94%
94%
98
98%

Fri.

99%
97%
__
97

There has been a moderately active speculation in the mar­
ket for Indian corn futures, and early in the week there
was an easier tone to the market, although no decline of im­
portance occurred in price. The weakness was the result of
the exceptionally large crop movement at the West and in
O'
-K
•- 0
15*,O0» l i 0,000 378.000 sympathy with the break in wheat values. During the lat­
T o ta l im port o f the w e e k . . . .
5,000
8,000
8,000
7,000
O f Which A m e ric a n ..............
1.000
3,000
2,000
2,000 ter part of the week, however, there developed a stronger
A m ount afloat............................
10,000
11.000
11,000
17,000 tone and prices advanced on reports of crop damage and buy­
6,000;
7.000
8.000
14,000 ing by shorts to cover contracts. Thursday, however, the mar­
O f w hich A m erican ..............
The tone of the Liverpool market for spots and futures ket again turned easier and prices showed a fractional decline
each day of the week ending Sept, -i and the daily closing under realizing sales by longs, prompted by improvf d crop
accounts. To day there was a further decline of %@%c. in
prices of spot cotton, have been as follows.
prices under favorable crop advices. The spot market has
been fairly active, closing easier with sales of No. 3 mixed at
B a t day. Monday. Tuesday. Wed’day. Thurut'y Friday.
Spot.
at37ii'iu,37;t4C, f. o. b. afloat and No. 3 white at 88}£c. f. 0, b.
More
M arket, { Not much Quiet. In buyers’
In buyers afloat.
demand. Harden^.
favor.
1:45 r. M.{

favor.

?* ten

M id. D p l’ ds.

*hi

Spec. &s exp.

3 000
300

4%
6,000
500

4%

4%

4% s

6,000
l.o o o

10,000
1,000

12,000
1,000

DAILY CLOSING PRICKS OF NO. 2 MIXED CORN.

Sal.

10,000
500

Mon.

Septem ber d e liv e ry ------e, 3 1 %
35%
O ctober d e liv e ry .............. 0 . 35%
36%
D ecem ber d e liv e ry ..........0 . 3 6 7g
37%
Ja n u a ry d e liv e ry .......... o. .....................

Tues.
35%
36%
37%
38%

Wed.

T hurs.

F ri.

37%
36%
36
3 7%
37
30%
33%
38%
37%
....................................

Oats for f ature delivery have continued dull and the course
of prices has been influenced largely by the changes in values
for other grains. F. trly in the week prices were lower, in
sympathy with the decline in wheat and corn. Subse­
Very
M arket, > Steady, . firm .
Easy.
Steady.
Quiet,
quently, however, this Iobs was recovered, in sympathy
tamay*
4. P, M. (
with stronger advices from the West and following the up­
T h e prices o f futures at Liverpool for each day are given ward turn to values for other grain. The market to-day
below. Prices are on the basis of Uplands, Low Middling was qniet bnt steady. The spot market has been faiily ac­
clause, unless otherwise! stated.
tive, although the close was quiet. The sales included No.
t y The price* are given in « n « an d 0-1the. Thus : 3 83 mean* 2 mixed at 28i3brjri%e, in elevator and No. 3 white at 25}£c.
3 63 <5i d . . and I 01 means 4 1-6 M .
in elevator.
Future*.
7 at Quiet at
M ark e t, ( Stead
3-61 de­
1-61 de­
1.-45 F. M.|
cline.
cline.

Aug. 28 to
Sept. 3.

N a t.

non,

Quiet at Steady at Steady at Steady at
1-64 de­ 2-64 de­
i-o* de­ partially
1-6* dee.
cline.
cline.
cline.

T w ee.

W ed.

T i l u r«.

12% 1 1:45 -t 1:45 4 1:4-5 4 1:49 4 1:451 4
p.st. p . 31. r.M . i*. it. P.M .V, M. F.itJlVM, r . m . P.M. P.M. !? .* .
d,

d.

d.

d.

d.

d.

a.

d.

d.

d.

A u g u st........ 4 0 ' 4 03 10 2 4 03 4 02 4 02 . . . .
A tig .-8 * p v .. 4 83 3 6 i ■;3 62 4 00 8 63 .» 62 1 63 4 0 0 4 01 3 63
M M W . .. 3 90 3 55 :3 55 3 56 3 5 * 3 55 3 55 3 57 3 .17)3 56
O ct.-N o v .... 3 4» 3 4» 3 47 3 IS* i «8 3 47 3 48 3 t'< 3 50 3 4N 0V,-D«L... 3 45 3 45 3 41 3 i f 3 45 3 44 3 45 3 4 6 3 4 [34 5
D e c.-Ja n . . . . 3 4 1 3 44 3 43 3 44 3 54 3 43 3 44

Jia --F » h .... 3 4 ■ 3 4 1 ' 4 3 3 44 3 13 8 43 3 4 !
FeO.-Meh,
3 45 3 45 3 43 3 45 3 44 3 4 i 3 4*
M rh.-April.
-A p r

LVprli-M&y.
Mi

3 45 3 45 3 44 3 46 3 1 ' 3 44 3 45
3 4« 3 46 3 4 5 3 47 3 45 3 4 5 3 •«
3 47 3 47 3 46 3 48 3 46 3 46 3 *7
.................... 3 48

DAILY CLOSING FRICES OF NO. 2 MIXED OATS.
Sal. M on,
Tuet. Wed,
T h u rt.

P r l.

d.

d.

3 81 3 62
3 54 3 54
3 47 3 47
3 44 3 44
3 45 4 46 3 44 3 42 3 4 2
3 45 3 45 3 14 3 42 3 42
3 46 4 16:3 45, 3 43 3 42
< 4*-- 3 47:3 45 3 44 3 44
3 47 3 48.3 46 3 45:3 45
3 t - 3 111 3 47 3 4 6 3 4 8
3 40 3 50*3 48 3 4713 4-J

Septem ber d e liv e r y ... ..o . 23% 23%
23%
O ctober d e liv e ry ............e, ....................................
D ecem ber d e l iv e r y .....e ..........................................

24
24%
25%

23%
24
25%

Fri.

23%
__
__

Rye and barley have had only a limited sale bnt values
have been fairly well maintained.
The following are closing quotations:
F i n e ,........................ f 2 40 * 2 80
P aten t, W inter.......$5 25 ®5 80
Superfine................... 2 9o
» 3 25 C ity m ills, e x tra s
5 60 « 5 70
E x tra , No. 2 ........... 3 30
* 3 30 R ye Hour, snpertlne 3 40 ®3 80
E x ir a ,No. 1 .......
3 40
*4 15 Buckwheat flour........... . - » ___
C lea ts........................ 4 50
» 5 00 Corn m eal—
S tra ig h t-................... 4 75
* 5 50
W estern, e tc ......... 2 1 0 » 2 15
B -u n d y w ln e.......
P atent, S p rin g __ 5 50 ®6 10
2 20
(Wheat flour io sticks sells a t prices below those for barrels.]
GRAIN.

BREADSTUFFS.
F r i d a y . September 3 1897.
As a consequence of a reaction in wheat values early in the
week the market for wheat floor dragged; still for the trade
brands the t >ne held steady, mills refusing to make concessions
in prices to transact ba»ine*e,and as buyers hdd back for lower
prices the rales made were necessarily small. Low grades,
however, did weaken in price and bad a fair sale. Later in
the week, following an upward turn to the market for wheat,
there was more tone to the situation, as buyers showed an
increased disposition to take supplies, and full vnlnea wore
paid. City mills have bad a fair sale at steady prices. Rye
flour has had only a moderate sale, hot values have been
well maintained. Corn meal has had a fairly good sale and
has brought full values.
There has been less excitement to the speculation in the
market for c ntract*, although the dealings have continued
on a fairly liberal scale. There have been two distinct
movements to the course of price*, early in the week there
having been an easier undertone to the market and prices
gradually weakened under realizing sales and general
liquidation by longs, prompted by weaker foreign advices,
reports that foreign buyers of wheat were making re-sales,
indications of a heavy movement of the new crop from the
Southwest and a large increase in the amount of wheat on
passage to Europe. Wednesday there again developed a
stronger tone to the market and prices advanced sharply.
During the decline early in the week there had developed
something of a short account, and as foreign advices
came unexpectedly stronger, reporting free acceptances of
cable offers • ud there was a renewal of poor crop aeconnts
from the Northwest, there was fair buying by the sellers
early in the week and prices for the day showed an advance
of 3; p ile . Thursday there wm a farther advance in prices
on continued buying by shorts to cover contracts, stimu­
lated by fd<ong*r and higher foreign advices reports from
the Argentine of poor cr p prospects and a reported sale of
spot wheat in this market 'or export to Angentine. Toward
the close, however, realizing sales caused p v t of the impjovemeiit to be lost. To day the market waa weaker, prices
showing a decline of i !(%21^1 under realizing sales by longs,
prompted by weaker foreign advices and imp oved crop hc■omts fron. the Northwest. The-spot market was fairly
active at the decline. The sales included No. 2 red winter
at tot tj'llb 1; f. o. b, afloat: No. 2 hard winter at u 3 f, o. b.
afloat, and No. i Northern New Yoik, delivery Oct, 10, at
10134 f. o, b. afloat.

W heat—
e.
e.
C a m , p e r b u sh —
o.
c.
SpruiB, p e r bush . 99 a 10 t
W c-lern mi so d ............35 ®38
tied W inter. No 2. 98% »101%
No. 2 m ixed ................. .36 ®37%
Bert W in ter............ 97 * 1 0 2
W estern Yellow ..........30%®38%
Northern, in j . . . | 0l% » 102%
W estern W h ite............36%®38%
Oafs—M ix 'd ,p rrb sh . 24 # 26
Rye—
W estern, p e r h u sh ...4 9 ®56
W hite........................ 24>»S 31
S ta te an d J e r s e y .........50 ®58
No. 2 m ix e d ___ _ 23% * 24%
No. 2 w h ite......... . 25% d 20% B a rle y —W e s te rn ...........52 ®58
F e e d in g ........................ 38 ®3<%

The movement of breadstuff* to market as indicated in the
statements below is prepared by us from the figures of the
New York Produce Exchange. The receipts at Western lake
and river ports for the week ending Aus. 28, and since Aug.
for each of the last three Years. have been as follows:
Receipts at—
Chicaifb .....
Milwaukee
Duluth ......
Minneapolis*
Cleveland...
St. Louts . .*
Peoria -.......
Kansas City.
Tot wk.’97.
Same wk.'tMJ.
Some wk/05.
Since A ug. 1.
ISP7
.. ..
13P*3........... .
18 3 5.....,,.,.

Oats.
flour.
Wheat,
1 liarley.
nut.
Corn.
Bbuimm* Rush GQUm ButhAdibs Bushj&lbs Bush 48ms B uM lbs.
06.2LH 1.223,150 o,9»3,950 4,005.978
127,66 4
16930
62,200
207,000
200,000
r z ,m
139400
219,OtO
81,262
30,803
171,785
141,820)
SO,042
32,103
150,870
1,170
303,035
832,048
84,591
2.027
203,969
70.459
66.301
42,033
843.216
18,55©
17,603
44.846
77,2*9
1,1 W
29.643
282.295
3.0OC
643,135
671,282
31,405
5,000
2,400
274,660
804,300
16,000
«,S0©
126.QC0
122,000
1,374/00
816.893
329,818
280,131

Sr886,492| 7,899.498
4,705.672 2395.348
4,412,435 2,812,(81

5,360,402
4,131,220
2,630,168

1,024,710 21,144,572 26,839,904 22,482,88*
1,165, 04 16,478.567 16,360,2*6 14,719,378
1.089,949 14,468,292 If ,864,421 11,850,659

508,103
302,214
290,744

415.769
161,495
91,416

1,197,661 1,498,235
089,269 618,971
386,732
534,704

The receipts of flour and grain at the seaboard ports for the
week ended Aug, 28, 1897. follows :
Flour,

R eceip ts a t -

bbU .

TF/rif/i',

bash.

14M-& 1,881.000
New Y ork..........
Bunton............
52,124
167,208
M ontreal................. 3?,3»8 384,061
Philadelphia........... 88,008 203,613
Baltim ore............... 7.-.7SH 1,474.214
lO.riOO
Richmond...............
8,500
56H.4S7
Now Orleans*.........
13,117
102 000
Newport News,..... ...........
110,1 on
Norfolk ........ ...................
Galveston ...............
35? 268,3*7

Oats,
Com,
bush,
857,450 1,728.000
280,261
106,658
»
118,007
142,188
i,067,m
12.0U0
46.600
327.-r.83 104,715
372,780

Barley.
bush .

56,560
781

R y e,
b u sh .
3 8 3 ,3 2 5
1 ,1 6 2

‘ 54,263

1*72,812
67.331
Total week. . . . 896.699 4,7*13,680 1.100.081 2,402,6 J9
155,300 f m S
Week 1800............. . 366,701? 1,421.188 $,080,01! 1,455,686
•Receipts do nr>t include grain passing through New Orleans for foreign
ports on through Mils of Iad i use.

Total receipts at ports from Jan. 1 to Aug. 38 compare as
follows for four years :

TH E

426
1897.

R e c e ip ts o f —

F l o o r ..................... . .. b b ls . 17,055,219

CHRONICLE,

1896.
5,816,536

1895.
10,252,590

1894.
9,614,013

................... .
B arley.................... ..
R y e.......................... ..

•'
“
'*

51.478.363
7,182,353
6,447,687

35,411,469
5 5 .1» 0.945
43,aH7.7WO
4,919,602
2,167,129

22,595.301
28,453.092
25,816,682
1,466.533
201.933

32,670,408
32.H34.10l
20.929,940
1,611,304
217.3P8

T o ta l g r a in ... .

'*

231,004,075

141,542,935

78,583.041

94,063,271

W h e a t................... ..b u s h . 43,214,f 47
• m '.< 8 6 ,)3 5
C orn .....................
O u ts

The exports from the several seaboard ports for the week
ending Aug. 28, 1897, are shown in the annexed statement:
F lo u r .
bbla.
67,070
15,y07

D ais
hu»h
855,701
50,292

698.010
325,827
81,466

11,087
27,590
0.938
.......

25*,500

372,780
46^,948
172,812

17,562
357

45,841

3 9 0.P10 2.745.619
S a m e t i m e ’96.1.377,057 3,141,394

147,111
381,997

977,394
957,550

W h ea t.

6 u«H.
435.310
187,436

1 / 50,691
245,185
B o s t o n .............
P h ila d e lp h ia .
N o r f o lk ..........
N e w p ’rt N ew s
M o n tr e a l-----G a l v e s t o n .. .

165.194
1,330,0 L2
3t'8,300
1 1 0 ,0 0 0
1 0 2 .0 0 0

320.607
268,327

R ye.
5u«h.
209,152
.............
59.800
8,571

P ea s,
bus>>3,874

B a rle y
bush.

N ew Yo k e

to

[VOL LXV,

A u g . 30.

1896.
WeeJc. S in c e J a n , 1,

G re a t B r i t a i n . . . . . . . . . . . . . . .
O ther E u ro p e a n ......... ..
C hina . . . . . . . . ____. . . . . . . . . .
In d ia .........................................
Arabia.....................................A lrloa.......................... ............
V est In d ie s____________ .
M exico.....................................
C entral A m erloa....................
South A in e rio a ..__________
O th er C o u n trie s....................

..>•••««

126
3
6,713

3,477
2,499
97,574
5,967
16,349
13.806
9,826
2,336
5,861
33,281
3,338

160
12

2 04
238
81
359
676
56

2,232
2,000
79,916
3,526
20,890
14,044
3,384
1,935
6,211
33,858
2,775

1,091
475
142
15
279
2,596
6

194,284
14,566

11.446

175,821
23,514

208,850
T o t a l . . . . . ........................ 1,686
* P rom Yew E n g la n d m ill p o in ts d ir e c t

11.446

199,335

T o ta l...................................
C hina, v ia V a n c o u v e r" ...

i6 ,9 io

1897.
Week. S in c e J a n . 1.

1,686

The value of the New York exports for the year to date has
been $7,567,399 in 1897 against $7,746 978 in 1896.
The market for brown goods is decidedly firm in four-yard
The destination of these exports for the week and since and lighter sheetings, and in all weights of drills, with a
September 1, 1898, is as below.
steady demand from converters and jobbers. Heavy-weight
,--------- W h e a t.--------- , ,------------C orn.-----------*
I lo u r.brown sheetings are comparatively slow in the continued
W eek
S ince S e p t.
W eek
S in ce S e p t.
W eek
S in c e S ept.
Eksports fo r
A ug. 28.
1. 1896.
A u g. 28.
1, 1896.
A n n. 28.
1,1890.
w eek a n d sin ce
absence of export buying. Sales of deDims have been light,
bush.
bush.
b u sh .
bush.
bbls.
bbls.
S e p t. 1 t o but as the market is poorly ^ppplied this has no effect upon
8,264 618 1.432.505 47.703.014 1.371,105 87,289.147
81,421
U o tte d K in g d o m
------- -- - 18,603.178 1,331.042 83,021 007
1,083.050 2,390,051
34.1(4
C o n tin e n t ..............
210 8”1 prices. Ticks have been in improved request. Checks and
664
332,988
1.043,877
30,251
8.700
S. A C. A m e r ic a ..
stripes, cheviots and plaids are firm, with moderate sales.
l ,3 l l,9 6 3
14.066
1,C88,185
..............
10.659
W e s t I n d ie s..
•148 920
5.000
28<>,385
.. .
2.700
B r it. N. A . C o l’s.
Bleached cottons continue firm but the demand is still short
1,904,343
23,742
1,263,054
2C4,fe86
45,112
8,521
O th e r c o u n t r ie s ..
of expectations in tbe medium and fine grades. Wide sheet­
T o ta l
. . . . 117,111 12.C14.990 3.903,919 67,902,184 2,745,619 1 7 4 ,’ 86,356
ings are well sold and very firm, as are cotton flannels and
T o t a l 1896-96. ..
384.V97 12,410.740 1.3 :7 .0 5 7 50.442.928 3 1 4 1 ,3 8 4 94,917,860
Kid cambrics and other cotton linings in moderate
The visible supply of grain, comprising the stooks in blankets.
at steady prices. A good demand has again been ex­
granary at the principal points of accumulation at lake and request
perienced for fancy calicoes; prices are without change, but
seaboard ports, Aug. 28, 1897. was as follows:
the market is unusually well sold up. Other calicoes of
B ye.
B a r le y
C om ,
W h e a t.
Oats,
more staple character are selling steadily at firm prices.
bush
bush.
bush
bush
64,000
745.000
2
,
01
6
.0
0
0
1,576.000
309,000
N e w Y o r k .......................
Amoskeag staple ginghams have been advanced J£c,, the
34,000
41,000
second advance in two weeks, and staple ginghams are in
so .’o'oo
50.000
403,000
69,000
243,000
727,000
605,000
B u ff a lo .
.....................
limited supply generally. Print cloths have been sold con­
servatively on the basis of 2 % c . for extras, closing firm
2,895,000
431,666
15,000
13,011,000
C h ic a g o •
.......... 1,760,000
thereat.
7 4 ,6 6 6
' 84,000
3.000
38.000
1 0 0 ,0 0 0
M ilw a u k e e .....................
D o l u t k .............................
Do
a f l o a t ..........
T le d o ...............................
Do
a f lo a t ............
D e t r o i t .............................
Do
a f lo a t ............

155,000

377,666

7 6 7 .6 6 6

392,666

745.666

170,000

301,000

47,000

24,000

78,000

8 6 ,0 0 0

3,000
106,000

l.S S P /w n
2 0 ,0 0 0

T o r o n to ............................
M o n tr e a l........................

107,000
25.000
209.000
4C9.000

I n d ia n a p o lis .................
B a lt im o r e .......................
M in n e a p o lis...................
O n M is s iss ip p i R iv e r .
On L a k e s ........................
On canal and r iv e r ...

362,666
1,107,000
1,405,000
3.601.000
96,000
1,830,000
133,000

T o ta l A u g .2 8 ,1397.15.473,000
T o ta l AUK.2 1 . 1897.16,729,000
T o ta l A u g .2 9 , 1890 4 5 . 5 7 4 .0 0 0
T o ta l A ugr.3l, 1895 35 440,000
T o t a l S e p t. 1 ,1 8 9 4 06.949,000

THE

20.784
33,717

138,000

a f lo a t ............

Do

277,523
153,408

DRY

230.0OO
27.000
824.000
42.000
1,028.000
30 000
47.000
250.000
1,506,000
9,000

.......

13,000

2 ,0 0 0

27.873,000
21,956,000
13,934.000
5.412,000
3.151,000

9.270,000
8.U05.000
0,735,000
3.111.000
7,201,000

1,0 0 0
0 .0 0 0
8 8 .0 0 0
8 00 0

T o ta l sto o k (p ie c e s)....1 ,1 6 7 ,0 0 0

103,000
18.000
60.000

1895.

1894.
Sept. 1.
1 7 9 ,OC 0
3 6 l,0 0 o
186,000

181,000

726,000

A u g . 31.

A ug.

1,948,000

Dry G oods.—Business in foreign merchandise
has again been good at both first and second hands. Dress
goods for spring selling with a fair amount of freedom at
very firm prices. Linens also in good request and firm.
More doing in hosiery aud underwear. Silks and ribbons
have an upward tendency.
F oreign

2 ,0 0 0
1 0 ,0 0 0

1890.
29.
360.000
892.000
697.000

1897
S to ck, o f P r i n t O l o t k t —
A u g . 28.
A t P ro v id e n ce, 64 sq u a re s . 412.000
A t F a ll R iv er, 61 s q u a re s ) 755.000 |
A t F a ll R iv e r, odd s iz e s.. 5

46,000

0.0 0 0

5,6 2 1 ,0 (0
1,539,000

GOODS

24*2,000

41.000
28.000
504,000
108,000
23.i K)0
59,000
119.000
231,000
32,000
04,000
1,935.000
158.000

10'»,000

57.000
26,000

94 ,e8 7

23,000

2 ,0 0 0

94,000
48,000

2 2 1 ,0 0 0

1.816.000
1,076,000
1.099,000
445,000
3O5.UO0

1,040.000
81’2,« Ofl
740,000
9 9 ,000
509,009

99,00(

TRADE.

N ew Y ork , F riday , P. M., Sept. 3, 1897.

Im p o r ta tio n s a n d W a re h o u se W ith d r a w a ls o f D ry G ood s

The importations and warehouse withdrawals of drygoods
at this port for the week ending Sept. 2, 1897, and since
January 1, 1897, and for the corresponding periods of last
year are as follows:
» I
“

b

o

f§3 g s * f

£*et- c r . © —£
2 2, * • : p ; ©
o • 3o !• • ! ! B
B
p:
®•

The August business in both the primary and jobbing mar­ 3
P I
kets turned out one of the largest in point of volume for any
2
•d
■
month for a number of years past. The past week at first
hands has not by any means kept up the August average,
C
O
but there has been no falling off with jobbers. The commis­ **
© f
- ©
sion houses are all exceedingly busy in making deliveries on M
existing orders, and are not at all disquieted by the current 10 CDifdecrease in buying. So long as the jobbing business keeps
©
up. a return demand is assured, and with the market in clean
MW
'©Vo
stock condition in both staples and fancies in cotton and
woolen goods, there should be no difficulty in fully maintain­ © to -q
ing prices or in a number of directions securing a further
.
to m
advance. Trade throughout tlie country is reported in ex­ •<1
com
ceedingly good shape, and from the manner in whi -.h jobbers ~f© com
©
are pressing for quick deliveries of tbeir purchases, it is CD ©rooo
to
quite clear that they are not over well supplied. The general
OCH
©
financial conditions are good. Payments are unusually o» © f
m
prompt, and there is more than the usual discounting of ob­ ©— f• to
ligations in progress.
to coco
©1 CC-1
W oolen G oods. —The demand for men’s-wear light-weight
m
woolen and worsted fabrics this week has been quieter than to
during any week since the season opened, and a generally CO m—to
e ©
quiet business is looked for now until the supplementary
©©
©©
demand develops. The market is in exceptionally good con­
rto
dition to bridge over the interval, which promises, despite
© mm
the very large initial business done, to be shorter than usual. CD CDto
Even in face of the quiet demand reserve on the part of © ©<1
to to
sellers is a prominent feature and in both staple and fancy C©J1 CrOntof
lines the majority seem indifferent over further business just
now, and the price situation continues remarkably strong in ©to 00
<1
all grades. Overcoatings are selling well at very firm prices. CO f©CO
c c -l
Cloakings quiet. Flannels and blankets quiet, but against os
to © buyers. Dress goods are tending upwards and some staple co I f ©
lines advanced 5 to 15 per cent this week.
<1 © —
© MX
Domestic Cotton G oods—The exports of cotton goods
i f to
©
from this port for the week ending August 30 were 1,686 m Xtoco
packages, valued at $105,692, their destination being to the ©w — <1
mao
points specified in the tables below:
© m

0
s>
s
9
1
w
9
ct
a

-to
■%?
i s
ai f1
■Ss

m
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CO-x to
m "-vi © m m
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t -© f ©m
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CDUOOW^J
tO

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THE CHRONICLE

SKPTftSlBER 4, 1897.]

427

Location.
R ate.
M aturity.
C incinnati. O hio......3-65
1930
C lark Co. (S. I> In d e ­
p en d en t School D is­
tr ic t No. 4 6 ................ 7 Aug. 15, 1912
TERMS OF SUBSCRIPTION.
4 2 9 .. Clearfield, P a . ................. 4(1917-1927
29-2..College P oint, X. V ... 4
1-37
The I n v e s t o r s ' S u p p l e m e n t w ill b e f u r n i s h e d w i t h o u t 4 2 9 .. College P oint, N. Y , . . 5 1902-1927
extra ch'trge to every anim al subscriber of the Commercial 2 9 2 .. C olorado.........................
429. .Conshohockeu (P a.)
a n d F in a n c ia l C h r o n i c l e .
School D istrict......... 4
11902-1907
The S t a t e a n d C i t y S u p p l e m e n t w i l l a ls o b e f u r n i s h e d 4 2 9 .. C orning. N. Y ........ 4
1936-1939
3 8 2 .. Corona IN Y.) Union
v r ith o u t e x t r a c h a r g e t o e v e r y s u b s c r i b e r o f t h e C h r o n i c l e -.
F ree Sell. D ist. No. 2. 5
'T 913
The S t r e e t R a i l w a y S u p p l e m e n t w i l l l i k e w i s e b e f u r ­ 2 4 5 .-C ortland (V. Y.) Sob.
D
ist.
No.
7...................
3-95
*1902
nished w i t h o u t e x t r a c h a r g e to e v e r y s u b s c r i b e r o f th e
2 4 5 .. C a m b e ilan d Co., M e.. 4
C h r o n ic l e .
4 2 9 .. D elaw are Co„ O hio... 5
1898-1962
The Q u o t a t io n S u p p l e m e n t , i s s u e d m o n t h l y , w ill a ls o b e 8 3 7 .. D o s M o i n e s (Iowa)
•
E
a
st
Side
In
d
e
p
e
n
d
­
f u r n i s h e d w i t h o u t e x t r a c h a r g e t o e v e r y s u b s c r i b e r of t h e
e n t School D istrict. ..
11902-1907
C h r o n ic l e .
2 4 5 .. D epew . N. Y .......... 4
1902-1922
D ow aglae, Mich . . . . . . 5
1900- 1910
TERMS for th e C h r o n i c l e w ith the four Supplem ents 2)■_4’()5 ... Kilingham
, 111................ 5
1905-1912
above nam ed are Ten Dollars w i t I n n the U n ited States an d 3 8 2 .. E llsw orth (Iowa) Sen.
D istric t......... ............. 0
Twelve Dollars in Europe, w hich in. both cases includes
1901- 1907
3 8 3 .. E ly ria , Ohio.................. 6
1898-1900
postage.
4 2 9 .. E rie (Pa. School D ist. 4 1893-1909
3 3 7 . . F ay ette C ounty. K y .. 4%
3 3 7 .. F a y e tte C ounty, Ohio, 6
Terms of A d v e rtis in g —( P e r inch space.)
2 9 2 .. Flushing, X. Y............. 4
1900-1914)
3 8 2 .. Flushing IN. Y.) Soh.
O ne tim e .................................. S3 50 | T h ree M onths (13 tim e s)..$ 25 00
D istrict No. 5 .......... 4
1907-1927
O ne M onth
(4 tim e s).. I I 00 S ix m o n th s
(26 tim es).. 13 00
3 8 2 .. F lushing (N .Y .)S oh.
Two M onths
(8 tim e s).. IS 00 | T w elve M onths (52 tim es). 58 00
D istrict No, 7 ........... 4
T h e at*w e te rm s to r one m o n th a n d u p w ard s a r e for sta n d in g card s.
1917-1937
1898-1917
2 4 5 .. Freedom , P u ........... 5
3 * 2 ..F re m int. M ich............ 5
1900-1909
338 . G allia C ounty, Ohio, l
Aug. 17, 1917
M U N IC IP A L B O N D S A L E S I N A U G U ST .
2 9 2 .. Gallipoli*. Ohio...... 5
Aug. 2 5.1917
According to our records the amount of municipal 3 3 8 .. Glen Ridge, V. J --- 4% 1902-1926
4 3 0 .. G reenfield (Ohio) Soh.
securities marketed during the month of August was
D istrict....................... 5
1909
4 3 0 .. H e m p s t e a d iN.Y.)
♦6,333,13d, excluding *'1,220,000 of temporary loans
Union F ree School
D istrict No. 1 9 ......... 5
1898-1917
reported. This is to be compared with $17,389,869 3 3 3 .. 11.cm p a t o a d (N.Y.)
Union Free School
for the month of July of the present year and $4,045,D istrict No. 2 3 ....... 5
3 3 8 .. H enderron, , i y ........... 4
1912-1927
500 for the corresponding month of last year.
1907-1910
430. .Ja c k so n C<>., Ohio___ 5
33*. J an iatca(N . Y, i Union
The marked falling off in the amount of sail?* as
Free School D istrict
19101953
7 .......................... 5
compared with July is occasioned by the entire ab­ 130. K No.
1907-1925
enioii, O h io .............. 4
Aug.
1, 1901
3
3
3
..
L
an
caster.
Ohio......
6
sence during August of any very targe issues, while in 3 3 8 .. laiv-aea C o u n ty ,T e x .. 5
H 902-1937
...........
5
2
9
3
..
eechtoirg,
P
a
July there had been included the #10,053,017 loan of 4 3 0 .. L lew ellyn (Cal,) Seh,
istrict.............. ........ 7
1903-1907
New York City and four other loans of over #300,000 8 3 8 .. DLoou*t
Valley (N. Y.)
5
School
D
ist
No.
4
...
1P04
each, aggregating together over 114 millions.
3 8 3 .. Logan • *..unty, Ohio. G
1898-1902
1898-1907
4
While the a m o u n t of the sales was notably smaller,
O ct. 1, 1920
4 3 0 . MOOOli. « a ....................... m
there has been an increase in the number of 3 -3 . Sindh on C o u n ty ,O h io 6
4
1898 1047
municipalities issuing bonds, there being, according 43 i, .M alden, M as*., . .
4
1808-1917
6
3 8 3 ..Mansfield, Ohio .
1898
to our records, 149, covering 178 separate issues, as 383. .M ansfield, O hio.,
1898-1902
(i
«
3 8 3 .-M ansfield, O hio..
1898
compared with 13®, covering 107 separate issues, for
6
1808-1900
293. M arlon C ounty, Ohio. 4
1902
the month of July 1hut. Not only does the activity a :;i M a rq u e tte , M ic h ......... a Sept. 1 . 1912
Ju n o 1. 1917
, Melrose, M ass............ 4
in municipal securities continue, but their strength is 383.
3 3 9 .. M iddletown, S . V ... Ji
1927
5
1808-1917
2
4
8
..
M
lhvm
kce,
W
li...........
also evidenced by the increased rivalry amongst in­ 2 1 6 . M ilw aukee. Wis........... 5
1898-1017
1890-1917
tending purchasers and by the high prices which the 246. M ilwaukee. WIs.......... 55
1898 1017
2
4
6
..M
ilwaukee.
W
is..........
5
1898-1817
bonds command.
5
1808-1917
1898 1917
M ilwaukee. W in ......... 5
The principal sale- during August were the Hender­ 340
431 M onroe Oo . (n d ......... 5

S tate

and

C ity D £ ? A rrM £ N T ,

Page.
129..
3 3 7 ..

School
son, Ky., #371,000 of refunding bonds at 100-51; the 339..Mont«rcy(Cal.)
D is tr ic t ........................ 6
Colorado $225,000 riot, bonds at 100*04®®! the Norris­ 247.. M oultrie. O a ................ 6
0
town, Pa., #200,009 loan at 100-333, and the Westerly, 247. M ount V ernon, N. Y .. 4
203 . M ount Vermin, N. Y .. 5
R, I., $200,000-of bonds at 110*337.
"(83.. Newborn, T e n n ........... e
339., New Harhtulne* Twp.
In the following table we give the prices which were
>N. J.lrfe h . D ist....... 5
431. .New Rochelle, N. Y ...
paid for August loan* to the amount of $5,048,940, 131. New H artfo rd (low ai 4
School D istric t......... 6
issued by 12*2 municipalities. The aggregate of sales
3%
339. O akland, c.t! .............. 4
for which no price him l ...... reported is $074,190 and 2 4 7 .. 0.ioS t»tounive.r»ityS-f <3
3 9 .-O ttaw a Co.. Ohio .... G
the total bond sales for the month #0,323,136, In 3204
.P assaic, N. J ............... 4ia
i'll
P a s s a ic C o u n t y . X J . 5
the i.rase of each loan reference is made to the page of 131 . Passaic
C ounty, X. .f. 5
384.
Pitteraon,
J ............ 4 8*
the C hronicle where a full account of the sale is 3 8 4 .. P ay eon. U N.
tah .............. 5
g iv e n .

A eottsT Bon d S a le *.
fa ff* ,
lo ca tio n .
Mate,
M aturity.
12 8 ..
Aria. S t ic k ....... 4
J u ly 1. 1907
4 2 8 .. AtntbMm (C u t)S ch o ol
D is tric t........... .
7
1900-1904
3 8 1 .. A rn irn h m Co, ((301,1
.8 h. o a t . . S o , 7 . . . . .
11902-1912
181 A-rJpbofoiigh, MisM,. 4
J u ly 1, 1927
2 0 1 .. Aivfwm, M-, ............... 5
f 1902-1917
2 9 1 .. UurTM-vlUe, O hio....... 4%
1906
981 Birnrhoortou. X. Y __ :m
381. B ingham ton, N. Y , . „ 3*a
1 2 8 .. B in g h am to n . N. Y . . . . 3>s
.........
33*i..BW f»V)l!«, P # . . ......... 4
11902-1927
244 .B ioonjsburg, P a , . ....... 5
Atnr, 1 .1 9 1 7
336. Hm irn c, )!-,-) ............. 4
1899-1917
-428. .Bristol: • oiHUi. M am . i
3«pt. 1,1901
336 . Brooklyn, N. V . . . . 3 >9 J a n . 1. 1926
344. Becom e C ounty, N. Y . 4
1899-1904
426.. B u rlin g to n , Vt............ 4
J u ly 1, 1917
3 3 7 .. Gsimbridge, M as*.. . . . 3 ‘s J u ly I. 1917
120 . . C anton. O n to............. 4
Bept-. 1 ,1 9 0 7
2-45..C arey, O h i o .............. .. «
1900-1909
382. CSarapanro. I D .......... 5

A m o u n t. A w ard.
$3,500 to o
3,500
8,000
10,000
12.000
18.000
40,000
25,000
8,000
10,900
15,000
32,000
100,000
190.000
00.000
20.000
100,000
98,000
i o .ooo
5.000

107-743
100-50
110-25
100
107-5561
103-123
102-75
(IO 0O 926
(1 0 0 0 0 2 5
101-25
103-19
103-27
101-70
105-44
102-405
1060 9
103-078
102-30
110-205
10202

1902-1907
1902-1017
1917
1931-1938
1903
Sopt. 1 ,1 9 1 7
1898-1902
1898-1902
J u ly 1 ,1 9 0 7
11902-1027
1898-1937
1899-1903
1913-1917
Sept. 1 ,1 9 0 5
Sc-pt. 1 .1 9 0 6
1907

1917
381. P eu A rg y l, P a .............. 5
3 8 1 .. Peoria. Ill ............... a
r i s s ’T o d e
431 ..P ep p erid l, Mass___ _ 4
3 8 4 .. P erth A m boy.N . J . . . 4 hiJ u ly 1 ,1 9 1 7
1917
38 i .. Pom eroy. O h io ........... 4 Hi
340 Posey T w p., I ml ....... ..
11903*1927'
431 ..F iu ix su ta w n e y , P a . 4
432.. Rock Islan d , U l......... 4%
Ju ly " t ,'1927
2 1 8 .. Rockville. C onn...... 4
1898-1907
3 8 1. . 5 .g in a w , M ich........ 5
1898 1907
3 8 4 .. 5 .g in a w ,M ic h _... 5
1898 1907
2 9 4 .. Salem O hio................... 6
18.18-1907
3 8 4 .. 5 .le m Ohio............... C
3 4 1 .. 5 .n t a R ita (Cal.) 9«-h.
1898-1907
D ist ............................ 7
2 0 4 .. § a n ltS te , M arie.Mini). 5 Aug. 1,1 9 1 7
1898-1902
432, Shelby C ounty, Ohio.. 6
384. S outh V ersailles (Pit.)
School D i s t r i c t ....... 5
3 8 4 .. S n tte tO o . (Cal.) Irfivee) n
1902-1917
D istrict No. t ...........<1
1 9 0 l-l° 0 5
2 9 5 .. 5 .ra c u s e . N. Y ....... 4
1899-1908
3 4 1 .. T aw as City, Mich....... 6
1917
4 3 2 .. T e rre H an te. t a d .. 4
Sept. 1, 1907
341 Tifilti. O hio................... 6
1998-1922
4 3 3 .. T iverton, it. I . . ...... 4
*1900
335 T ontogftny, O hio......... 6

Antotm f. A w a rd .
$250,000 100
2,000
10.500
25.000
115.000
225.000

103
103 7
U O -819’
120-753
100 0466

10.000 101-41
35.000 112-087
19.000 116
10.500 100
30.000 102-51
4,6uO 101-641
9.000
30.000
20.000
3.000

100-5313
103-97
103-41
104025

1,300
1.500
00,000
35.000
2.500
50.000

103-615
102-717
101-87
103-25
104-63
105-17

102,500 107-SI
.30,000 110 63
17,517 102-50
10,000 101-80
60,000 102-31
10,500 1 0 9 1 0
60,000 102-45
5,500

104-5635

8,000

105-51

80.000 107
371,000 100-51
20.000 110 12
*8.000
60,000
10,(H)0
10,000
21.300
3,000
5,000
20.000
15,000
30.000
13,980
55,800
55.000
4,000
:1,000
450
700
12,413
25,000
30,000
130,000
120,1)00
120,000
100,000
80,0- 0
60,000
20,000
20.000
49,400
6,000
10,000
5,000
40,000
30,000
15,000

108
10©
107-15
100-4033
105-36
112-167
108*45
101C34
103-80
100
101-92
103-85
104-1823
L 1-09
101-09
10109
100
104-428
108-51
106-832
122,012
112*527
112-527
112-527
112-527
112-527
112-527
1 12*527
100-611
100-25
101
100-30
110-51
106-25
100-773

15,000 102-Pi
20,000 1 0 0 1 2 5
4.000
200,000
140,000
100.000
20.000
50,000
24,000
40,000
59,000
5.000
3.000
4.000
25.000
18.000
7.000
27.000
5.000
170,000
90.000
2,20»
4.000
6,500
3,700

106-775
100-333
102-6598
104-31
105-63
109-069
110-05
11111
107 7*
103
103 20
102-025
10172
106-06
100

100-463
101 -25
100106102102-91
101107-

3,000 108-333
30,000 107-09
3,400 102-50
2,500

too

e
88,000 ii w
102
100,000 103-537

4,800 103-021
50.000 105-03
36 000 110-5919
25.000 103-7*
2,000 1 0 2 1 5

526
579
75

04
273

THE CHRONICLE,

428
Page.

Location.

M a tu rity .

Rate.

1899-19U5
250..
Van Wort, Ohio. 0
3 8 5 ..
Ver*hlre. Vt.... 4 1902-1917
1900-1 912
295..
Wadena. Minn.
290Warren, Ohio ........ 5 Aug. 15. 1898
15. 1905
296.-Warren, Ohio......... 5 Aug.
290..
Warren, Ohio... 5 1904-1905
296..
Warr*Mi. Ohio... 5 1898-1901
290..
Watertown. Mass.... I 1907
296..
Wauwatosa, Wla..... 51898-1917
342..
Waverly iPtt.) 8 0 I10 0 I
11902-1927
Diatriot....... .... 5
296..
Weat Bay City, Mich 5 1917
385..
Westerly, R.’I . 4 Sept. 1 ,1 9 2 7
433..
Windfall (lud.) School
District.............. 0
342..
Wisobuin (Cal )Scl»ool
8
Diatriot ..........
433..
Woodstock. Ill. 5
250..
Younu^own, Ohio__ 51898-1901
250..
Youngstown, Ohio— 51898-1901
1898 1900
433 .Yp&llantl, Mich...... 4

A m o u n t.

A w a rd .

87.980 102-439
. 16,000 100*63
1*2,000 106-666
1,200 103*00
1,200 103*60
3,OuO 103*60
3.000 103*60
30,000 103-825
10,000 104-596
3,000

20,000
200,000

101

104*625
110-337

2,400 1 0 3 1 2 5

2,000

106-50

1,100

102-05
102-2818

5.500
1,900

5.000

100*20

100

T otal (122 m u n icip alities, oovering 151 sepa­
r a te iaHUCB)......................................................... $5,048,940
A g g reg ate of sales fo r w hich no prloe has
heen rep o rted (27 m u n icipalities, covering
27 se p a ra te issues)...........................................
674,196
T o ta l bond sales fo r A ugust, 1 8 9 7 ................156,323,136
•A v erag e.
t Subject to call.
jN o t including $2,229,000 of torn"
p o rary loans rep o rted and which do n ot belong in the list. 1'Bonds sold
by U niversity. § C overing 9 se p a ra te issues.

I t sh ould be d istin ctly understood, as stated on pre­
viou s occasions, th a t th e foregoin g does not includ e
any reports o f tem p o ra ry loans negotiated during the
m onth. T h ese tem porary loans obviously do not b e­
lo n g in the list. T h ey are in no sense new bond
issues. N early all th e larger m u n icip alities are bor­
row in g m ore or less in this way all the tim e, th e loans
b ein g for short periods usually, to be repaid just as
soon as th e m oney com es in from taxes, assessm ents
and other collections. In other words, the loans do not
rem ain o u tstan d in g and cannot be treated as an ad­
d itio n to th e perm anent indebtedness of m unicipalities
or as part of th e regular bond sales. For th e late m onth,
as stated above, $2 229,000 of such loans were reported,
in c lu d in g $2,060,000 of B rooklyn tax certificates.
O nly a sm all part of these loans, however, com e to
lig h t. T h ey are gen erally th e resu lt of private nego­
tia tio n s w ith financial in stitu tio n s having large
am ounts to in vest tem porarily at low rates, and hence
p u b licity is rarely g iven to them . W e m ake th is ex ­
planation because m any parties fail to recognize th e
d istin ctive character of th ese loans and treat them as
if th ey form ed part of th e bond sales, thus unduly
sw ellin g th e totals.
In th e Chronicle of A u gu st 1, 1897, page 243, a
list of J u ly bond sales am ou n tin g to . $17,134,304
w ill be found. S ince th e pub lication of that state­
m ent we have received the follow in g additional reports:
A d d it io n a l J u l y B o n d s a l e s .

P age.

L o ca tio n .

R a te .

381.. Ambia(Ind.)8 oh. Diet. 6
337..
Camulofl (Cal.i School
D istric t,.....................
4 2 9 .. C harleston, III............

429..
382..
338..
293..

8
4_l>

Charleston, 111. 5
Dos Palos (Cal.) Sch.
Diatriot...................... 6
Franklin. Ind.. 5
Manhattan, Kan.....
5

M a tu r ity .

$ 2 ,0 0 0

2,400 107
56,000 100-52
19,000 100*52

1898-1904

3,500 103-60
5,500 102-6591
5,000 100
22.188 100
6.679 100

1902-1907
1909
1901

384..
Plains (Mont.) School
District............. 6
1907
294..
Polk County, Minn
5.8 j. J u ly 15, 1907
294..
5.ginaw, Mich. 5
1898-1907
432..
8.artansburg (S. C.)
School District.... 6 J u ly 1 ,1 9 2 7
295..
5.evens Co. (Wash.)
SohfK>l Dist. No. 52. 8
11907-1917
341. .Vineland (Cal.) Sohool
District............. 8
1903-1907
5

A w a rd .

107*69

1899-1905
1917
1898-1916

293. M artins F e rry , O hio.. 5
2 9 3 .. M artin s F erry , O hio.. 5
2 9 3 ..
M issouri Valley (la.)
School District.... 5

3 8 5 .. W ichita, K a n ..............

A m o u n t.

J u ly

1 ,1 9 1 7

8,000 100
3,000 100-507
36,000 100
3,000 104*1666
4,000 105
2,500

100

3,000
25,288

100

117*333

A dditional sales fo r J u l y ...............................................$207,055
A dditional sa les fo r J u ly —no price r e p o rte d .......... 48,500
T otal a d d itio n al sales fo r J u l y ............................. $255,555

[Vol. LXV.

Ada (Vlllaere). Minn.— B o n d S a le . —On August 25,1897, the
village issued $3,500 of 4 per cent sewer binds, which were
taken by State and University Fund. Th“se bonds are part
of an issue of *6.000 authorized July 6, 1897, for constructing
sewers, with interest at a rate of not more than 6 per cent.
We are advised by Mr. F. M. Calkins that there will soon be
issned SI,500 of the remaining bonds, which will probaby
be taken by local investors at 6 per cent or less. Upon mak­
ing the contracts for the work it was found that $5 000 would
be all that was needed. Bonds issued are in denominations
of $500, maturing July 1, 1907. Interest on State bonds pay­
able annually at the State Capitol.
Allentown, Pn . —B o n d O ffe r in g .—Proposals will he re­
ceived until 0 P . M. September 7, 1897, by Fred E. Lewis,
Mayor, for $28,0"0 of 4 per cent bonds, thirty of which will
be for $ 00 and fifty for $5 0. They will be dated August 1,
1897, be exempt from all taxation, and mature August 1,
’917 subject to call after August 1, 19 2. A certified
check or deposit of 5 per cent of the amount bid must
accompany each proposal.
A lta iibra (Cal.) >cli'»nl District. — Correction. — The
$2,500 voted by this district, we are informed, were not for
bonds, as reported by us two weeks ago, but for a special
school tax for the year 1897.
Anaheim. Cal. —B o n d Veins —A report has been published
that the city has sold $24,000 of bonds to the Citizens’ Bank,
Anaheim; $3 0 o to W.M. Crowther, Placenties. aud$17,000to
W. F. Botsford, Los Angeles. We are advised by W. H. Blennerhassett, Secretary of the Anaheim Union Water Com­
pany, that the above bonds were those of the company and
were sold Jnly 27, 1897.
Anaheim (tiraiiae County, Cal ,) School District.—Bond
S a le . —The following bids were received August 16, 1897, for
$8,500 of 7 per cent bonds;
A . H . Conner, L os A n g e le s ........107*743 j H . W erder, A n a h eim ..................... 1G2'
W . H . Burnham . OraDge ...........10"*
| Mrs. L. Brow ning, A nah eim ........101*857
F. J. Cooper, Los A n g e les......... 104*914 , L G oldw ater. • naheim ..
..101*08
C. E . Groat. A n a h eim ..................103*
i Fruit G rowers’ Bank.Fullerton.101*

The bonds were awarded to A. H. Conger and will mature
one bond of $700 annually, beginning three years from date
of issue.
Ashland, Wis.—B o n d s P ro p o s e d . — An ordinance has been
introduced into the Common Council to authorize the fund­
ing of $120,000 of unpaid judgments. The ordinance provides
for 5 per cent interest.
Atl ntn. O x .-—B o n d s P ro p o s e d .—The Board of Water Com­
missioners of this city has voted to issue $ '00,00 >of bonds
for improving the water-works system. An election, how­
ever. will be necessary to authorize the issue, to hold which
the authority of the Legislature must be secured.
Kingliamion. N. X .— B o n d S a le —On August 30, 1897, the
$8,000 of
par cent engine house bonds were awarded as
follows:
B ingham ton Savings B an k .................................................................... $4,000 a t 100*0026
B ingham ton S avings B a n k ..... .................. ......................... .............. 2,« 00 a t 100*0025
Iron H all, Branch N o. 60.................................................................. ....... 2,0o0 a t 100*0025

B o n d S d e . — The following are the bids received on August
23, 1897. for $46,000 of 3% per cent Ferry Street bridge bonds
and $25,000 of 3 % per centDe Forest Street bridge bonds;
$46,000.
B ingham ton S avings B an k ......................................................... 103*123
Farson, Leach & Co . New York..............................................
..
N. W. Harris & Co.. New York..................................................102137
B ertron & Storrs. N ew Y ork..................................................... 101*76
T h e LamDrecbt Bros, Co.. C leveland. ...................................101*62
S. A Kean, Chicago ........................ ............................................ 100*

*25,000.
.........
102*75
102*07
101*75
101*62
100*

As reported in the Chronicle last week, the Ferry Street
Bridge bonds were awarded to Binghamton Savings Bank
and the De Forest Street Bridge bonds to Farson. Leach
& Co
Baxter Spring. Kin.—B o n d T -su e . — This city recently
issued $ ’0.oi 0 of bonds to the Fort Scott & Memphis Rail­
way Company in compromise of an old indebtedness to the
railroad. It is stated the city originally voted $150,000 of
bonds to the railroad company, and that including defaulted
interest, the amount due was $400,000, all of which has
been settled by this issue.
Bloomfield*( v J ). School District.—Bond N e w s .— Mr.
Edward P. Michell, President of the Glen Ridge Borough
Board of Education, has notified the Attorney General that
he desires a hearing upon the proposed issue of $8,200 of
bonds to purchase school properties. These bonds were au­
thorized, as reported in the C hronicle last week, at a school
meeting held August 23. 1897, and the above proceedings
will prevent the issue until after the hearing, which has been
fixed for September 14, 1897.
Bristol C'niiiy, Mu-s—B o n d S a le . On August 31, 1897,
the $100,000 of 4 per cent notes were awarded to the Third
National Bank of Boston at 101-70. The following is a list
of bids:
Third N ational Bank, B o s to n .. .101*70 I Sinking Fund. F all R iv e r ............ 101*525
E. H . R ollins & Sons. B o sto n .,. .1" 1*64 \ B lak e B ros. &Co., B o sto n
101*41
Parkinson & Burr, B o sto n
1<'1*033 Kstabroofe & Co., B o sto n .........101*99
A dam s a Co.. B oston .....................101*63 I R ogers,N ew m an & Tolm an.Bos.l01*313
Bristol C ounty Savings Bank ...1<*1*61 S. A. Kean, C hicago...................... 101*
B lodget, Merrit & Co.. B o sto n ... 101*681 | E. C. Stanw ood & Co., B o s to n ...100*

For description of bonds see C hronicle August 21, 1897,

T h ese additional loans w ill m ake the total sales p. 336.
R r o o k e S c h o o l D i s t r i c t , S i n B e r n a r d in o C o m ity . G i l .—
(n o t in clu d in g tem porary loans) as reported for Ju ly B o n d E le c tio n .—An election will be held to-day in the dis­
trict
to vote on a proposed issue of $1,200 of 7 per cent bonds.
1897 am ount to $17,389,859.

Bond Proposals and Negotiations
w eek have been as follow s.

One bond of $600 will mature May 2,1901, and one May 2,
1902.
Brooklyn, V. "X.— B o n d S a le .—Press reports state that the
this
city of Brooklyn has placed $24,000 of bonds issued for a site
for the Eastern District high school, and $50,000 of Jamaica

THE CSK0N1CLE.

SEPTEMBER 4, 18OT.J

429

Avenue im provement bonds w ith th e Sinking Ftrnd Com­
missioners.
Hnrlnia'OB, Vt.—Bund Sal*.—On A ugust 31, 1897, the
$20,000 of 4 per cent street im provem ent bonds were awarded
to E. H. R lilies & Sons, Boston, a t 106*079. The follow ing
is the list of b id ;:

E. C. Stanwood & Co., Boston, a t 115 32, F o r description
of bonds see C h r o n i c l e , A ugust 14, 1897, p. 291.
C w f'X County, N. i t — bond Offering. —Aa previously
stated, proposals w ill be received u n til 12 h September 20,
1897, by the F irs t N ational Bank, R aton, N. M , fiscal agent
for Colfax County, for the purchase of fl6,G00 of 6 per cent
K H. Roltm* It Sons, B utton....t«*;0<u ' R, L. iJ .tv i Co„ Boston..............I0V-SB
W. I , H aye- k Son-*. B bst»a
,V W f5 1 Estabrook & Co.. Boston . . . . . . . 1* 5*799
coupon bonds. Bonds w ill be dated Ju ly 1, 1897, w ith in ­
- Dietz. D enison & Prior, Clove.. .1Q«*00 1 K. C* Stauwood 4 Co., B o sto n ... lu£*40 , terest payable semi-annually on Jan u ary 1 and Ju ly 1 at- N ew
F o r dt script ion of bonds see C hron icle last week, p. 381. 1Y ork or County T reasurer’s office. The principal w ill
Burns rit* t
n . ! •**to o l 1H-Irii t .— Loan Authorized —The
D istrict Committee has been authorized to borrow $6,000, a t m atu re Ju ly 1, 1927, or a t th e option of the county after J u ly
a rate of interest not exceeding 5 per cent, p ayable sem i­ 1,19 7. The total indebtedness of the county a t present is
annually, for the construction of a school-house. Tne loan $34,400. The assessed valuation is about $2,509,000.
w ill be i8-ned in notes lor $1,000 each, to m ature, one JanuThe official notice o f thin offering wbl be found among the
nary 7, 1899, and one on Ja n u ary 1 of each year thereafter.
Uam»> k, .V. J . —Bund* Authorized, -T h e
of bonds advertisements elsewhere in t h s Department,
C -tl.ge P oint ,T i'l me) V Y. —Bond Sale.—On A ugust 30,
recently authorized, as reported in the Ch r o n ic le la st week,
w ill be issued for the purpose of re-paving v ario u s streets. 1897, the following bids w ere received for $115,1-00 of 5 p er
Interest will be at 4 per cent, p ayable at the C ity Treasurer's cent bond-:
office in currency, and the principal will m ature tw enty Toe Lampteoiu Br..s.
nere.V»*T5.‘: Benwell i EveHtt. New York...U7U0
R. KtertmUi-xC,.. New v-rt
Street. Write**Co. Now York. 117*94
years from date of issue. We are informed th a t th e date o f B.
C . J ones Co , New York
. .. 1!& ?>*
Kooertg A Co.. New York
1X7*07
sale haa not yet been determ ined upon.
Bert roil ,v Stores, New Y»*rk... .210*41 Seymour Bros. & Co., New York. 117 01
M, D. Sih*»haar*i k Co..New York. Uh 40
arson. Leach & Co., New York. 17*
Cm t.-. Ctiyi. In*> —Bond S alt.— On A ngnst 80, 18**7. the BfiO. M. Ifsh n . New V o ik ..... U y iO - £W*
J , H aves A- Sons, Hew York lltf*85
$38,000 refunding bonds were awarded to E. H. Gay & Co., W hom*& Seblesinger. X. Y ...1 1 " M Wa! e r S tanton ,v Co.. N. Y .... 118*985
A Stepacns. S o « York. 1-18*77 E. B. l ?Oderbill, Jr., New York ,li<i 588
Boston, as 4 per cents a t 102*30. The following are ihe bids: CWMi'soo
Wb ite AC**- New York... 11 -e?5 1). A. Moran & Co. Hew York.,, 116*82
p

C. H- W hile * Co. New Y o rk .
Kudo Job K t
A Cfc. C tBctsaatc,

i %*.
m 7 m.

P rem ium
1*4 %

- W. S herrill Poughkeepsie.... 118*5 * 8. A. Kean. Chicago
.....
no check
Prem ium , IFelder
a <v»H New York.
.. .11-“’ 1 J . A W . Seligman & Co., N. Y.
s %». ; X. Y. Security
& T ru st Co~........117 o7
Bid not deposited*
..

The bonds were aw arded to The L&mpreebt Bros. Co, F or
description see CnROSiCLB A ugust 21, 1*97, p. 33?.
■!>-.111, 1. 11. Io n (i*i .! S- lo o !»>s<lrh*1 —Bona Sale, —On
m
j.eish o 1 A ngnst *25, 1-SiT the $ ( .0 n of 4 per cent school b in d s were
m
7 oo
m eo
Mamm Le*l* k 1 o ■Chicago
For description of
ZS0&
tw awarded to Dn k Bros & Co a t l*V4t
X**w ¥tr$& N»ew>«** Bonk, Cfciwaiiwt*..
M Co.. »
. ...
J,® ‘ft 00 bond* see Chronicle A ugust 3 ,1807. p 387.
04
mtm
A t i m Sa&immlt B m k , Cincinnati
Co iiiijk (' •}■) n .
—Bond Sal*.—The following bids
Mansfield S^fiagr* B m l
. ...
.....
were received A ugust 3 *, 1 97, for $35,800 of 4 per cent riv er
F o r description of bondi see C hronicle last week, p. 381. * bonds,
Car.In *- (P«.) cti»«»l »-I»t* <*i B v"d Qffertt g.—P ro ­
Farw>p. 1,4‘arh ,t C%3.„Nttw Y<*rk. 51’J'ibs? j B«n well A K ventt. New York. .103*56
posals will be received until 7:30 p. m. September 29, 1897, Kdw.
C. Joo«» Co.. New York. IJ <57 f The LamprethL Bro^.Co., Olov . '07*Wl
for $!•*,• hmi of 4 per cent school coupon b >nd<. Securities are Bvr^reaa
A ftw r* , X*?w Yu* k
llO tO i Jo^. E. Gnvio, BufTalo.
.
I«i7‘55
alter “ ta oton..%Co. X. v .
I Seym our Bros. & iky.. St. Y . . ...,107*^1
in denom inations of $r»n< , w ith interest payable Apiil 1 and W
X. W. ItarrH A Co.. Hew Y o rk ,. o*9T« I Wilson A Stephean, Hew York.. 105*37
October I. Principal will m itn re $3.ikki aaun*Uy on O ’to* W h a im S t B e h im in g m , N . Y,— W t*7 J . W. W eillu«rton, C onilug........lOSTfl
19 6. Oeo. M. Hahn, Ne*r York.........lu0*L«a |
ber l from 19 u to 19 5, inclusive, noil $'2.<> ft October
t har.m n. tta tu .—Bona Sale.—On Ssptem oer I, 1*97, th e j B>nds were aw arded to Parson, Leach & Co. F or devillage of C hardin sold $-. 0* of 5 per cent electric-lfght siription see C hronicle last w tek, p 883.
bonds to th - F irst National Bank of Chardon at 193*7625.
i «. l n i
h y —ftunas C<tu'elm.—The Board of Sinking
The bid* received were:
i Fund T r w v s na* parctiaeed for cancellatiou a $ l 000 5 per
Fir*l N ational B/*nA, i t m r k
.•». A. K*im. r|*ic» •>., ...
tx.in*j-«# 1 cent bond and 13 *100 4 p -r cent bonds for $22,418 70.
prv fet B w . ('»». ( $ 0 r , ^ M Iff I F
a Ijm e m A- <'*«>,.
8,083i 00
uiut»“f
H. I —La " i A uthorized.—The Providence
k k »y«r. €M.
BJtM % i S . W Mar -h» k Cm ,
.. 8
00
Otmlicni & Prim. Owe. .•M?5*00 T k e $mv. k Trtt*» Co- C love..
00 ••Journal" shys the Town Treasurer has been authorized to
J- 8. Wc*rksv Cl«ft*.ratid ..... *.»f!
M m^n.
k Cm, CWea*o.. &M* «*> borrow $85,900 and to pav notes and coupons am ounting to
Atl«* Nai <maJ Bw*k <‘m , ..
m | i i>. B l.youoCo CbdNswro^ »,00f7o©
$76,000.
W .J . Hay m k i*<**-, develkK d, *t! % w I
i*ei .« a r e Cunnty, Ohio.—Bond Sale.—The follow ing bids
The bonds are for f-Va* each, dated September 1. la st. In ­ were
terest i» payable »**mt anKUtlly. Prini-ipai will m ature at bondsreceived A ugust 88, 1897, for $4.8u0 of 5 per cent ditch
the rate of one bond per annum from l-9-i to 1
inclusive,
The New Flr*t Xafh>o»I Battle.
The Ohio National Bank.........101*841
and tw o bonds anunatly from 11M;j to 19* 8, inclusive.
Cotamtms.,..... .
......101*641! rhe Oepoalt Battle, Helawaro.... 101*006
C harles.,, . i n . —Iluntl ',(/»* —A- there h is neeu some
F or description of bonds see C hronicle h ist week p 883.
uestion regarding the facta, we ptibbsh the following: On
HcinaHl.on, Ln.—Loan Issue. This town has made nrrangeoly 2", IH97, the township sold $38,110** of )1 . per cent
*2'i year and $ 9,*>fl« of 5 per cent I-19-year * refunding m ents w ith local banks for a loan of $ 4,000 to pay the coat
bonds to Trowbridge & Co., Chicago, a t WftS.
Bids of an electric-light plant.
D ublin, « a — Bonds Authorized.—According to press re ­
were also r-ceived from M ,-ou, Lewis & Co. of Chicago
and W . B. McKinley, Champaign. These bonds w^re issued ports, rhe citizens on A ngnst ‘23, 1897, voted in favor of issu ­
to cancel th e fTo.oto rem aining of the $ 0 9 , t> of 8 per cent ing $!3, i ft of water-works and electric-light bonds.
Die -tie r.' Teun, Bond i:lection. An election w ill be
bonds H.rned Ju n e I, 18$v, to refund a like am ount of 10 per
held September H, ' 897, for the purpose of voting on a pro­
cent*.
f'tieboj* a - (Cfij). M'eh. —Bonds Dttfeattd. At the elec­ posed issue of fdO.ftt ft of 5 per cent 2 >year bonds for buying
tion held A ugust .8, 1897, the proposed bond issue of $8,000 and extending w ater and electric lig h t plants.
Kaai L ite rp 'i l ('»h*o) Hnio t lliu lrii't. Bond Offering,—
was defeated.
C hilli » 1 nh ({’ ft>, (thin. - Bimiln A u th o rized — The Coun­ Proptm ls were received until 6 P. M la st evening hy W. T.
Norris, Clerk, for $6,000 of 4 per cent school coupon bonds.
cil haa authorized $10,000 of sew er bonds.
C hole-u t i.noiy M o n t— Bond C all.- U nder date of Securities ore issued pursuant with Section 8994 of the Revi-ed Statutes of Ohio and authorized by a special election
Augu t t9 .1'-1*7, Jure Sullivan, Chairm an of Board of County held Nov. m ber 3, 1896 They are in denominations o $500,
Commissioners F o it Beaton, gives no*i.;e th a t the Coui ty dated September 7, 1897 Interest payable semi-annually a t
Treasu er will w ithin th irty days redeem the following the City Treasurer's office, at which place the principal will
bonds : Bind* numbered from 53 to 57, inclusive, anil 7- to be payable, $2, n i aunuady beginning six years from date of
ia;oe. The resu lt of sale had not been announced as we w ere
82, inclusive, issued Ju ly 2,1833, being all outstanding bonds going to press
of th a t date B inds num bered from 143 to 87. inclusive,
t*(linen,,in. Ill —Bond Sale.—On A ugust 26, 1897, th® fol­
lowing b'ds were received for $ 2,Out) of 5 per cent streetissued July 1, *88',, being all outstanding bonds of th a t date
The official notice o f this bond e ill uiU be fo u n d among the improvement bonds.
Farwm. Leach A Co., C hicago.. loJ’02o Mason, Lewis & Co., Chicago... 103*137 5
advertisements elsewhere in this Deitnrtmenl
N, W, Mnrrt« YOh. C b i . ,K«5’Sh a A h*win Chicago ... .... 102*35
T he Noel-Young Bond & Stock
First
National Bank. ChteoF ' tW&f
C lB ctsnsti, Ohl«.—Bonds Authorized —The C i'y Council The Lfimprc-eht
Co., 8i. Louis
.... . , . h>o*O0
Bra*. Co., Ciev 10J-4?
has passed an ordinance providing for the issuance of $8 F. M. McKay, Chicago.... .....103*375 W. J. H aves x Sons, Cleveland 8T17
214 87 of 5 per cent bonds, in anticipation of special tax aa
The bonds were aw arded to Farson. Leach & Co. F or
sesament**. Interest will be payable semi aunuady, and the description see Chronicle August 4 , 189/, p 29z
principal will m ature one-tenth annually. Toe am m nt
K* < (Pa.) Ncliool D istrict. Bond S a le - O n A ugust 81,
of the issue a n y be reduced by paym ents made prior to the 18i»7, $0ft,ftftO of 4 p -r cent library bonds were aw arded to
sale of bonds.
Dick Bros. & Co., Philadelphia, a t 101*87. Interest will be
Bond Suit—The Sinking Fund T rtotees last week took at payable in currency at Erie in April and October and the
par $25 /•- 0 of 3 65 per cent gold w ater-works bonds. Inter principal will m ature $5,0t*n annua.ly,
set payable semi-annually and the principal will m atnre 988.
>a r - eka« y (VHIog**), ' V.— Bonds Authorize l.—On
Ctoerft 1 i- ..— Bond Sate. On Angnst 31, Iw97, t e August 3 1 8 9 7 , th e ta x p ay e rs authorized the issuance of
$10,000 of 4 per cent street im provem ent bonds were awarded $5(1,000 of sewer bonds by a vo'e of 59 to 17, The bonds will
to Dick Bros. & CJo,, Philadelphia. P*,, a t
3 7. F or de­ be provided for by an ex tra assessment.
scription of bonds see Chronicle , last week, p. S**^.
Flush ng Union Eie
D s tr ic t No. 2. Bayside,
ClovfliKtifi, Hhi —Hon-i Sole. - On S eptem bers, 1897, the n. ¥ .- Bond Sale — On September 2, 1897, th e following bids
$250,000 of 5 p erc en t Public L ibrary bonds were awarded to we e received for the $16,000 of 5 per cent gold bondsij
hm m

a

Opu CM cmu.------- *

E. i% B j m m o o a k Cfo-. B m m m ........
W. i . $$M jm
<Tev eland ... ...
D teu, b v a m o ti k Prior- Cle re io m l. .. ,

f

m

713

m M * 00
%‘&u m

B.i 3 00 j

430

THE

CHRGN ICLE.

Lei and. T ow le A Co., B o s to n ... .118;ISI
Rudolph. K leyb olte A Co., N Y *32.12
K. n. S heoanl A Co.. New York.113 06
C. H. W h ite A Co., N ew York... .112 75
Eilw.
C. Jon es Co.. New Y o r k ..... i - C o
K o b r in A O o ., N ow York.. . ........118'6S
W lm nn A Sohiesinger, N. Y ....... 1 U mi J. A IV. Sellgm un A Co.. N. > .. .1 J p .
Seym our Bros. A Co.. NowY oik 112 j l
Foliler A O i„ N ew Y o r k .............. I t* * ®
Wiiltpr Stanton A Co., N. Y .....1 1 - 10
G. M. Huhn, New Y o r k ................» W .»
I ll
L. W . Morrison, N ew Y'ork.........11S 3H B an ’l A. M ran A Co.. N. Y..
Karson, 1.oiieli A Co., N ew York. 118*137 E. B. UnderUlll, ,Tr„ New York -102 86

W ilson A 8tepkens_LN ew York.JU'21
* -------- I. W . S h e r r ill. Poughkeepsie ...1
t. US-68
S treet, W ik o s * Co- Now York.;
JBertron
P P I MAPStorrs.
B m P Now
MWYork
es* . ...ii3*ot

The bonds were awarded to Wilson & .-itephens. For de­
scription see Chronicle August 21, 11-97, p. 383.
Foster in. Ohio.—B o n d R e d e m p tio n A u t h o r iz e d —On Aug­
ust 23, 1897, the Council provided for the payment of bonds
and interest due September 1, 1897.
Freeport ( IHugo), N. V.—Bond E le c tio n .—An election
will be held September 7, 1897, for the pmqmse of voting
upon the question of issuing $20,090 of electric-light plant
bonds.
.................
dallla C"iinty, Ohio.—B o n d S a le .— The following is acorn*
plete list of bids received on August 17, 1897, for $60,000 of
4 percent turnpike bonds:
N. W. H arris &Co., Chicago. .*00,020 00
C en trevllle N ational
T hurm an............................... *61,680 00 W. J. Hayes & Sons. Clev.... 60.7o1 50

[VOL, 1 XV,

Treasurer. Principal will mature one bond of $1,0(0 on
September 1 of 19i 3,19 5 and 1907.
Lockpnrt, N. Y.— B o n d s R e -s a le .—The city has re-awarded
the $ 0,0(0 of 4 per cent intermediate school bonds to S.
Curt Lewis, of Lockport, at 1 6*77. These bonds were orig­
inally awarded, as reported in the C h r o n i c l e July 31. 897,
to C. H. White & Co., of New Y'ork, and were therefore in­
cluded in our July* list of sales. The re-award was made
necessary because Messrs. White & Co. refused to take the
bonds, claiming illegality.
Lodi, '. J. —B o n d O ffe r in g .—The borough will offer for
sale not later than October 15, 1897, $12/ 0 i of 5 per cent 30year road improvement bonds. Interest will be payable
semi annually in currency at the Passaic National Bank.
Payment of principal is provided for by a sinking fund.
i i-rg Island City, N. Y — B o n d S a le — On September 2,
1897, the following bids were received for the $330/ (0 of A \/z
per cent bonds:

W h ann & Schles*nger. N. Y ....1 0 7 1
J. & W . Seligm an &Co., N. Y ... 101*05
Farson, L each & Co., N. Y . .
106*6323 I Edw C. J o n es Co., Now York. . 101*03
R. L. Day & Co., N ew York
.100*32 I Geo. M. H ahn, N ew York ........ 101 03
B en w ell & E v er itt, N ew York..H»3*25'8 Seym our Bros. & Co., N Y .......101*02
E. H .G a y S Co.. New ' O r k ... 01,28750 S. K uhn A Sons, Cincinnati . 00,701 00 Bertron & Storrs, N ew Y ork .. .101*074 D aniel A . Moran & Co.. N Y. *104*60
Rudolph K leyb olte & C0..CU1. 61,202 00 Karson, Leach & Co.. Chicago 60,327 50 R oberts & Co.. New York ------ 101*55 I D aniel A Moran & Co.. N. Y +106*53
H. C. Joh nston . Galii polls, 0..*10.0o0 o0 Rudolph K leyb olte & Co., N. Y .101*25 | Long Island S avings B ank .. 4:106*50

• For $10,000.
bonds due 1007. + For $19,000 w ater bonds, i For $15,000
As reported in the Chronicle August 21,1897, bonds were rev♦Fenoru e*70,000
bonds.
awarded to the Centreville National Bank.
We are informed by Lucien Knapp, City Treasurer and
(ilugkow, " o.—B o n d s A u th o r iz e d . — On August 23, 1697, Receiver, that the award will not be made until September
the citizens of Glasgow voted to issue bonds for an electric- 6, 1897. For description of bonds see Chronicle last week,
light plant.
p. 383.
tJlru * County, (la.—B o n d E le c tio n C a n c e le d . —The County
Loveland, Col.— B o n d s N o t S o ld .— Regarding the$41,n00 of
Com'missioners'have canceled the election which was called 5 per cent.refunding water bonds advertised for sale August
for August 27, 1897, for the purpose of voting on a proposed 21, 1897, we are informed that the bonds were not sild.
iBSue of court-house bonds.
Lycoming Conn y. B n .— B o n d C a ll .-—Oa August *5. 1897,
tire nlii-lo (Ohm) School District.—B o n d S a le .— $5 500 of the County Commissioners announced that between $4'>,000
5 per cent school bonds have been awarded to the Central to $5",000 of bonds would be paid off about October 1, 1897.
National Bank of Chillieothe at 104 5616 Bonds will mature Legal notice will soon be published
in twelve years from date of issue.
Macon, oa — B o n d S a 'e . —The Bond Commissioners have
Hartford. C um.- B o n d h e w s .— We are advised by Mr. C. bought at par, for the Sinking Fund. $50,000 of 4% per cent
C. Strong, Treasurer, that the reported issue of water bonds gold deficiency coupon bonds. Securities are dated October
by the city is incorrect, and that they have none inj contem­ 1, 1896, interest payable quarterly in January, April, July
plation.
and October. Principal will mature October 1, 1926. When
Haverhill (Town), N. H.—L o a n A u t h o r iz e d .— At a special the Sinking Fund desires to invest, it purchases from the city
town meeting the Seleet ment and Treasurer were authorized any bonds that may be on hand, and is net allowed by law
to borrow $30,000 for highway purposes. We are informed to pay more than par.
that the loan will be negotiated on one-year notes in such
M ho. It g C lUniy. Ohio.—B o n d S a le . — O a September 1,
sums as may be needed. The town has no debt and the as­ 3897, the $' 9 0 , 0 0 0 of 4^ per cent bridge bonds were awarded
sessed valuation is about $1,250,000. '
to N. W. Harris & Co ” Chicago, at 1' 6*8421. For description
Hempstead School Dl-trici. No 19 East Hockaway, N. Y. of bonds see Chronicle August 2', iS97, p. 339.
B o n d S a le .— On August 81, 1897, the $3/100 of 5 per cent
Malden, Sla-i*.—B o n d S a le —The Boston News Bureau re­
bonds were awarded to the Hempstead Bank at 105*51. For ports that on August 39, 1897, the following bids were re­
description of bonds tee Chronicle last week, p 383.
ceived for $110,50U of 4 per cent coupon bouds
Hempstead Union Free School Di-trict No. 23. R >ckC*45,50
*45.56 i 1 -10-year sch ool b o n d s..
away each, N. Y.—B o n d O ffe rin g . —The Brooklyn “ E igle" E. H . R ollins & Sons. B oston
10,"< ( Park bonds............................. .[ 103*?5
( 55,Of
.000 Glenwood sch ool-h ouse bondsl'i3*86
says that the district will receive bids until September 15,
*5,000 high -school grading b o n d s— 101*056
1897, for $65,000 of school bonis.
20.000 new street bonds ....................102*1732
2,0*'0 alm sh ouse bonds ............
\ irwv^oo
Houston, Texas—B o n d s P ro p o s e d . —The City- Council will
2.500 L inden tire-station b o n d s ... !i
be petitioned to authorize the issuance of $10j,o00 of bonds J o se Parker & Co., B o sto n ..
3,(100 L iuden drainage bonds
100*54?
9.000 L incoln school b o u se b >nds .l«>2’02.r»
for electric light purposes.
5.000 Charles St reet sand lo t
101*203
Jackson O nnty, Ohio.—B o n d S a t e —On Aug. 26, 1897,
10.000 park b ond s........
.
— 111*27
55.000 Glenwood sch o o l-h o u seb o n d slt'4*1723
$20,000 of 5 per cent turnpike bonds were awarded to N W.
*5,000 high -school grading b o n d s— 100*69
Harris & Co., Chicago, on the basis of 3*9 i per cent Bonds
20.000 n ew street b ond s...........
.. .102*u3
will mature $5,000 annually from 1907 to 1910 inclusive.
2.000 alm sh ouse b ond s..............
)
2.000 L inden surface drainage bds > 1°0*32
Jacks*!., Miss.—B o n d s P ro p o s e d —Notice has been given R. L. Day & Co.. B o sto n .
2.500 L inden flre-station b o n d s.. . ;
by the Mayor and Board of Aldermen of a proposed issue of
9.0(H) Line In sch o o l-h o u se b onds. .101*89
5.000 Charles S treet sand lo t
.. . 101*13
sewer bonds
10.000 park bonds.
..................... li*09
Jainu ca Union Free Scboftl District No. 7. W«odhaven,
l 55,000 Glenwood sch ool-h ou se b en d s)04*04
*15,500 l-10-yf*ar b o n d s ........................10i*075
N. Y.—B o n d s A u t h o r i z e d —On Septembers 1897, the district
10.000 park b ond s............................... 110*83
N . W . Harris & Co., N ew York
voted to raise $1*5,0<0 for additional schools.
•I 55.000 G lenw ood sch ool-h ouse b ond s >03*91
Jamaica (N. V.) Union Free wchonl District Nil 10.— B lodget, M erritt & Co., B o sto n . S*100,500 1-20-year bonds......................... 102*-23
'( 10,000 park b o n d s ..........................
111*04
B o n d O ffe rir g .— Proposals will be received until 8 p. m. Sep­
Urna «- On Unat™
‘ *100,500 1-20-year b ond s ........................102*41
tember 8, 1897, by the Board of Education, Morris Park BuiQVo
lak e Bros. &, Co., B o sto n ........... j 10,000 park b o n d s........... ....................108*51
(Richmond Hill P O.) for $2/ 03 of 5 per cent bonds S-cuv *10,000 nark bonds
..............................109*81
rities are issued pursuant with a resolution adopted Align t A dam s & Co., B oston ................. l 55,000 Glenwood sch o o l-lio u se bondsl03*031
\ *45,500 1-10-year b o n d s .......... ............. 101*26
25, 1897, to build a school house. Bonds are in denomina­ E stabrook & Co., B oston.
) 10,000 park bond s ....................................109*59
tions of $'>0i>; interest payable September 1 and principal
E H Rollins & Sons were awarded the $15 510 1- ' -year
maturing $5 *0 annually beginning September 1, 19 *5. A
certified check for $ 1 0 0 , payable to Joseph W. Currier school bonds and $10/10 >of park bonds and Jose Parker &
Treasurer, must accompany each bid. Bonded debt is $13,1 Ca. were awarded the $55,0(10 of Glenwood school houee
bonds.
000 and assessed valuation 1896 was $367,190.
The $45,500 school bonds, etc., consist of the following
KentOi , Ohio.—Bond S a le . —On Aug 28, 1897, the $6\000
4 per cent refunding bonds were awarded to Rudolph .Kley­ issues:
*5,000 H igh-sch ool grading bonds; *10,090 brick sidew alk bonds; *10,000 new
bolte & Co at par. Bonds are dated Sept. ), 1896, and will streets bonds; *2,000 alm sh ouse bonds; *2,009 L inden surface <>raimage bonds;
*2,500 Lmricn flre-station bonds; *9,000 L incoln sch ool-h ou se bonds and 15,000
mature from 19 7 to 1925
S treet s ind lot bonds, Bouds are in denom inations o f *1,000 and
Luc-qtic-Fi arle County School District No. 80, Boyd, wo fillCharles
m ature >>ne bond o f each series annually. In te rest w ill be payable se m i­
Minn.—B o n d O ffe rin g .— Proposals will be received until an nu ally a t th e N ational Bauk o f R edem ption. B oston .
September 11, 1897, by O. F. Flaa, Clerk Board of Trustees
The $55,000 Glenwood school-house boqds will be in de­
for $35/ 00 of school bonds.
nominations of $ I 000, maturing from 1898 to 1917. Interest
Las Animus Co»uiy (Col.) 8'ltool District No. 1.— B o n d payable February and August. The $19,000 public park
G a ll. — Notice was given August 18, 1897, bv L. II. Turner. bonds are in denominations of $1,0 0, maturing July 3, 1947.
Treasurer, calling for payment $l,00o bond No 1 dated May Interest payable January and July.
1, 1889, due 15 years from date of issue and optional after
Marib'rough, ,M ss.—N o ’es P r o p o s ’ d .—The city of Marl­
five years, luterest will cease September 16, 1897.
borough has under consideration the issuance of two coupon
Lincoln, S e n . — B o n d s N o t S o ld . No bids were received notes for $1.901'each for road machinery. The notes, if au­
August 16, 1827, for the $:6,0u0 of 5 per cent refunding thorized, will bear4 per cent interest, payable semi-annually
bonds.
° at the viinthrop National Bank, Boston, and mature in five
Llewellyn 11 os Angeles County. (LI.,) School District — years from date of issue.
B o n d S a le . On August 18, 1897, the folio wing bids were re­
Martin's Feiry, Ohio.— B o n d s A u t h o r iz e d .—The Common
ceived for $3,000 of 7 per cent bonds
Council has authorized $4 io of 6 per cent bonds ia anticipa­
Oakland Bank of Saving........ 112167 IA. H. Conner ...
ni-in tion of special assessments for the cost of sewer in Monroe
H eilm an A Sartor!, Isis A n gclesl 11 *383 | Conaut A Johnson . Z Z / . ' / ' . ' . ' / l 08 i (17
Street. Bonds will be in denominations of $46 and will ma­
The bonds were awarded the Oakland 8ank of Savings ture one bond semi-annually, beginning March, 1899. Inter­
Interest payable on September 1 at the office of the County est payable March 1 and September 1.

Srptsmbsu 4, ISO".]

THE

OH RON 1CLE.

MarqiH-lte, Mich.—Bond Sale —Oa A ugust 30, 1897, the
$25 000 of 5 p sr cent light and power bonds were aw arded to
N. W, H arris & Co. of Chicago at 108-54. F or description
of bonds see C hronicle A ugust 14, 1897, p. 293.
McDonald (joutrtj. .« » - B und- Defeat,d —On A ugust 21,
lasrT. th e county voted against issuing $5,00.1 of jail bonds.
.b iln v n k ee , VVls Bonds A uthorizicb—Op August 30, 1897.
the City Council passed the ordinance authorizing the
l 0 ,i of garbage disposal bonds by a vote of 9 to 2.
II i mi. suta —Bond Offering,- Proposals will be received
until 2 p. m . Sept. 7 ,]by th e Board of State Capitol Ootn33i~sioners, No. 512 Endicott Building, St, Paul, Minn., for
$50 ‘.Mi1©f 4 per cent certificates of indebtedness. The secnrities will be issued in sums of $ *0, $100. $100, $1,0 0 or up­
wards, and dated October 1, lw97; interest will be payable
semi annually at the office of the State T reasurer, and the
principal wil t m ature July !. 1800. They are^ issued under
provisions of Chapter 96 of the G eneral Laws of 1S37, ap­
proved April 3, 18»7.
Monr * Bounty. Ind.—Bond SiD . —On A ugust 31,1897,
$19,40) of 5 per cent gravel road bonds were aw arded to A.
F. Ramsey. CrawfonlsvOle a t 100-81 i. T he following are
th e bids received t
•A. I*, iijur.w y,
'"i f“ i Diets. Uwatouii * Prior, Oeir.t4B.0K «i

431

qaired. Total debt of county is $32,010, Assessed taxable
valuation is $7,255.' 85 and the estim ated valuation is $31,000,OOu. Population about 23,o00.
O xfo'd (Town), Ala —Bond Offering.—Proposals will be
received until 3 p si September 6, 1897, for $ 0,0 ‘0 of 6 per
cent water bonds or such p art as may ba necessary to com- •
plete w ater w orks Interest payable annually a t th e Bank
of Oxford, and principal will m atu re tw enty years from date
of issue, b ut optional after ten years.
Oyster Bay Union Free School Wist rio t No. 17, Hickgville. N V —Bond S tie.—On September 1, 1897, the §7,590
of 4 per cent gold registered coupon bonds were aw arded to
C. H W hite & Co. of New York a t 101 55 and blank bonds.
F o r description see Cftronicle la st week, p. 384.
P am ito, Ca).— Bonds Proposed. In reply to our inquiry
Mr. H. W. Fimkins. Town Clerk, advises us th at sewer bonds
■have not been voted as yet, b ut th a t plans for a new §6',030
sewer system are now being considered.
Par>s, T^xas.—Bond* Proposed- -An ordinance has been
introduced into Council to fund the outstanding indebted­
ness of the city and providing for the issuance of $10,100 of
bonds.
P nsro Robles, Cal.—Bonds Proposed.—A proposition to
issue bonds for constructing w ater w orks and electric-light
AIh-hoi . Lew i. 4 €»., O de,
t u j m <WI J . t l . Johnson. Kokomo, Ind. i#,5O$00 plants w ill soon be put to a vote of th e people of this munici­
Tr*0 LAjnprwiu Hk .4. t C d ,
I Campbell. WiM 4 Co., lu
c tfT i-ia n d ....
............ «#.*}-COi dicnapolU
........................ ifl.tooeo
pality.
r«r»B. Peach ft C‘>_Cbi.: ... MUSS? <« i N. W. H um 4 <v,, Otitc.__ IB.loooo
i ’asriiic < onnty, N. J ,— B m d Sate.—The following bids
Duke M. ranos, Caie..........4 W “ were received A ugust 81, 1897, for the §64,000 of 5 per cent
Monroe, ,\ C-—Bonds Authorized,—A* the election held rebuilding bonds:
in Monroe on A ugust 26, 1897, the $30,000 of water-works
*24.000
bonds were authorized.
du- was.
K
,
ituftltittlon fo r S a v in g s ,.............. .........................110-05
u in
.Newark. S, J .—Band Offering. -Proposals will be re ­ Provident
V, K. McCally . . . . . . . . . .
.............................................IOk'PSI
108 s n
................ .
— . . . . . lOS'TX*
ceived until 4 p. M. September 15, 1897, by Jo h n S. Gibson, Ben well It Everitt, N ew York
York
................... ..................
!.»*** >1A
. N*-« V>>r K . ........................ .
Com ptroller, for $200,000 of 20 year registered high school E II . K ..iin
- •• - ri ...................... ........................
C N «w Vork
.......................................10
bonds. SecnritiM are to be sold at par for the lo w6it rate of Bow C. J one*
■• ■
■..
..............
U
m
.
B
M
c
O
irtr
.................................................
............................... 107-70
IBS'SI
in terest offered.
F & im k S ai# D ep o sit k Trout C om pany. . . . . . .............. . 107*53
I0S-6T
7 hi official notice o f this offering will be found among the mtMmrnk & B-,)., B o sto n ...........................-............................... 107*19
a d rertim nents elsewhere in this Department.
The bonds were aw arded to the P rovident In stitu tio n for
J e w B rita in , C enn.—Bond Offering-—The Board of W ater Savings of Jersey City. F or description see CuutoisicnE
CpmmDsicmesa of this city will soon offer for sale $100,000 A ugust 7, ’897, p. 247.
Pepper**!!, S * - - Bond Sale.—The $25,000 of 4 per cent
of Roaring Brook w ater bonds.
New H artfo rd (Iowa) Scltoal D is tr ic t—Bond **nh> —On i bonds were aw arded to Jam es W Longstreet Sc Co, of BosA ugust 30, 1897, the $1,000 of <5 per cent school house bonds 1ton a t ! 4'71, The following is th e list of bids.
were awarded to H. H. M cIntyre at t 6 775. For description Am. W,
4 »>,. u m , j o r r a . ! E. It. HolUo*,k Son., B oston..lorsflft
.........,
B5o*tei, Morrltt a
€>x llosttm.lilTfiH 1 K^t-abrook A Vo,, B orton ..........101*15
of bonds *<** CnaosiCLK A ugust 7, 1897, p. 247,
A.«la«)s & t '« . B o s to n , ........... 101*040
..... 10J‘im
B
,
II. Cm JkCo.. Bmton
*Newport iCsiiipb- li \ o u u ti i. Ky, —fiond Redem ption A u ­ BI*k« firm & O , B o s to n ........ 1 0 1 t 7
N. \V. Howl* A Co., B osto n .... 190*5025
th o rize d - The Sinking F ond Commissioners have au th o r­ ft. h . pftf & C Boatoti,....... lOi’f t
ized the Ways arid Means Committee to cancel $13,000 of
Bonds will m atu re in from one to nine years.
sewer and street-eons!ruction bonds and contain*.
1’uexMiiaw-. » ( ItorooKh), F a —Bond Sale,—On A ugust
New Bw■belie. N, V.—Bond Sale.—On Septem ber 2,1897, 21, 1897, the $5,000 of 4 per cent street im provem ent coupon
the following bids were received for $25,000 street-im prove­ bond,- were warded to local investors a t 101 '25. Six of the
ment bonds m aturing in from 4 to 29 years.
bonds are in denominations of $300 and 20 of $ '*0 each,
is.
knt.mm,.
0* a 4P*f (>• ' Bm
interest payable semi-annually a t the Borongh T reasurer’s
A,
Y,
XiH
fag!$%
,1
It $*tU3fv €
SIM
1
Bmi-"•!b.?j
(Mbr<Wf*
1(.£$"?.4 office. Principal will m ature th irty years from date of
■B
{Tfm
tmtt >%l*»$rCV'fif. .ikm».
, K«*n*CM*'■■mo
Site®t, Vtykm h Cm.. S. V , W IS. AS
or a t the option of the borough after eight yearn.
tm*?& issue
mm.
, im 1m•fXmar Unm.
C‘>., If, Tf.«
*#|(S • IJ pen* i in in v, N Y -Loan Authorized —On September
mil
A
Kvtf|i&'N, V ........ tifX
tm
.f
it
Pff
i
I
M
W*f(jayBiatitiMi k Va%N. Y, tf» | ft fi i’ndmiiiil. JKM*Y........ ffeist 2, I'*‘47, the Board of Supervisors authorized County Treas­
imtt 4l*~r IJttil
}{ Whim4 <0
urer Phipps to borrow $15,000 for 4 m onths a t not m ore than
- '
S.'V
mm
it* M. .
Y. , i\m
m 1jat
j•
Wmm
1
S. V
}»r*i:t 6 per cent interest.
K$UBW
0
N. 1i ., , . . tM-M1h W. Mwrfisctfi* tt.
m
,
tjm
rfifa
k
S’. w.
u.. V . .fM
. . . . iMVm , Kandniiurg (K. ru C u iitj. Cal.,) Schoal D istric t.— Bond
,
tUrtirtmk Hmjtti P$ri'nrr
!, V-,
ry.
Witm,>»HAmnimHCo . s!s.
. IM'ii !
*A, #
x
Offe.i ini/.—The district will offer for sale th is m o n th $3,600 of
•----11*W.. She?rilL t*tmg.ImNrfNHt..**
8 per cent gold b inds for building school house, etc. Bonds
* SvA p>.
to be in denominations of §3 o, interest payable at the
The bonds were aw arded to Dietz, Denison & Prior,
Principal will m ature $500
Bond Sole,- On August 28, 1897, the $20,14*0 of I per cent County T reasurer’s office.
certificates of indebtedness were aw arded to the M anhattan annually.
Kiirii'an. S’. .1 —Bond ,% r a ,- W e are advised by Mr. Geo.
L ife Insurance Co, a t D’o*125, For description of bonds see
W . Hops that the reported an tb o m atio n of bands by the
C hronicle A ugust 2t, 1897, p. 889.
New Voi k ('e y , N ) Bonos A uthorized.—The Board of township for school purposes is incorrect.
Estimate* cm September », 1897. authorized the i snance
Baton (City), f’o l'n x County, N. M.—Bond Offering.—As
of $910J 0 ■of bond* for the com pletion of the Harlaui River previously stated, prop *- d* will be received un til 12 M. Sep­
speedway.
Bona Sale,—Oa September t. *897, the Board of Estim ate tember 2c, 1897, by the F irst N ational Bank of R aton, fiscal
authorized the issuance of $1,855 of revenue bonds, which agent for the city, for the purchase of $9,590 of 6 per cent
were taken a t once by the Sinking Food at par,
improvement bonds. The securities will be in the form of
N«I* (' m »ty. Vex. — Hand A pprov'd .—<)a August 84, coupon bonds, dated August 1, 1897. w ith Interest payable
1897, the Attorney-Germrii approved $<,(100 of Nolan Connty
semi-annually on ,Tin nary 1 and Ju ly 1 at New York or th e
Conrt House refunding bonds.
t)»M )«|. (Btirunah) Pm.—Bonds Authorized.—On A ugust Comity Treasurer's office. The principal will m ature A ugust
24, 1897, the borough voted to issue $4,900 of bonds for the 1, *927, or. at the option of the city, after August. 1,191 7. Tba
purchase of a high school building.
0<<SMi»Uur«;, ». %.—Bonds A uthorized.—It is reported total indebtedness of th e city at present is $3,490. The asth a t the city has voted in favor of is-aing $14,090 street im* sesacd valuation is about $910,000 and the population abont
provem-nt bonds an*! $V.'> i* of bonds for ligating streets.
4,000.
0 tta « » l nitty, hlo,—Bond Offering —F u rth e r p articu ­
The official notice o f thin offering will be found among Ihe^
lars are at hand concerning the bond offering contained in
last week's CHRoS icle Proposals vril! be received on til 13 M, advertisements elsewhere in this Department.
Bed L ke F A i s i f u ) . Mtirn. Bdari Offering. —Proposals
S .pp-iuisT 7, 1897, by E. A. Powers, A uditor, F t Clinton,
Ohio, fo r# • <>,<>in of 5 p*r cent bonds Securities are issued will be received until September 20, 1897, by A. P. Toupin,
by virtne o f section- 87 and 872, Revised St states Of Ohio, Clerk, for $5,21*0 of 7 per cent gold bonds. Securities are in
i'h payable 10 years from date of issue,
as amended April 27, 1896, and authorized by O m aty C o in i denominations of
lahmoner* A ugust 12,1897, Tu**y ate for the purpose Of interest payable annually in N ew York City, A certified
improviog ttie court house. B >n is are in danotainatsons of check for $2<m payable to the City Treasurer m ust a c c o m ^ ji)’
,.
iL 'iixt date I AupteoiMr . 897; interest, payable semi anam each proposal,
Beil I,
Fallal * fnn.) Independent-School D istric t N o .lo .
ally on March • and S-p tern her , both principal and interest
i-fopo - iD w ill be received u n til Septem ­
payable at the office of toe County Treasurer The principal — Bond o,j.
will m a‘utc
annually, baginning September 1, 1893. ber 15, 1897, by A P. Toupin, Clerk of the D istric t,_for
A certified check for ( V# y or a certifiette of dep jeit on any $6,000 of 0 per cent gold bonds. Securities are in denomina­
banking company of Port Clinton, Elm ire, O ik Harbor or tions of $3,000 and will m ature one bond in ten years and
Frem ont, payable to E. A, Powers, County A uditor, is re- one bond in fifteen years from date of issue, In terest pay-

THE

48 2

CHRONICLE.

|Vor„ LXY*

able annua'ly in New York City. A certified check for | Shelby County, Ohio.— B o n d S a le . —On August 33,1897’
$2 >0, payable to the Treasurer, most accompany each pro­ [ the $3 4 o of 6 per cent ditch bonds were awarded to the
Piqua National Bank at 1 2 50. Three of the bonds are in
posal.
_
Km h“-*t r. V. Y.—B o n d s P r o p o s e d —The Common Council denominations of $ 3 'P, nine of $2 Ml, four of $tno nd six of
$5
* Dated July 1, 1897; interest payable semi-annually on
is considering th6 issuance of $10 ',0t.U of water-shed
January 1 and July 1 at the Treasurers offiie, Sidney, Ohio,
bondB.
Hoi k Island. 111.—B o n d S a le . —The First National Bank Principal will mature in from one to five years.
Soullillelil (S I N *.) scbo I District 'o. 4. —BondOfferof Chicago his purchased $170 000 of 4V£ per cent; semi­
annual refunding bonds at 100 516. Bonds are issued to re i n f i —Proposals will be received until September 9, 897, for
fund those due September 1, 1-97, which will be paid on pre­ $ ,50 • of ten-year bonds, to be issued for an addition to the
sentation to the First National Bank, New York or Chicago. school house.
-p rl uibiirg (S. C.) School District.—B o n d S a 'e . —The
B o a Va'ley. Iowa..—B o .rf Srt'e. - On August 26, 1897the $3,900 of 5 per cent bonds were awarded to J. C. Vuz, district has sold $4,000 of th e$ ’0,noo of 6 per cent coupon
bonds at m5. The trustees hold the remaining $6 0 io at 105
thum, acting foran Eastern firm;
Rockvl'l- Centre 11. 1.), N. Y . —Bond E le c t io n — An elec­ and accrued interest from July 1, 1897. For description of
tion will be held in this town on September 7, 1'97, to vote bonds see Chromclk May I, 1897, p. 862.
Siiri iell I • (C tj) Ohio— L o a 'i A u t h o r iz e d . —The Finance
on issuing $12,000 of bonds for an electric-light plant.
St. t eter, u i n n. - B m d t D e f e a t 'd . —On August 16, '897, Committee has been authorized bv the Council to borrow
the proposition to issue bonds to protect the river bank and $7,99 • for five montbsfor the following funds : Water-works
other local improvements was defeated by a vote of 79 to 69, bond fund, $5,525; market-house fund, $1,815; North Foun­
Bond
—Propoials will be received September 15, tain Avenue sewer $65o.
St..i kt • C tl B m d C a ll .—Notice has been given calling
1897, for $7 ,0 0 " of 5 per cent bonds for refunding present indebtedne-8. Interest payable semi-annually, in currency, at for reieinption September 1 0 , 1897 (at which dite interest
Chase National B ink, New York. Principal will mature ten will cease), the following municipal improvement fund
b inds: No. 1, bonds Nos. 3 , 32, 33, 34 and 35; No. 2, bonds
years from date of issue.
Sal-tu (C'i)) Ohio.—B o n d Offering.—Proposals will here Nos. >9, 2o and 21; No. 3, bonds Nos. 13 and 4; No. 4, bonds
ceived until 12 m., September 1", 1897, by F. W. Allison, Nos. 9, 20 and 21; No. 5, bonds Nos. 11 and 1 i.
St.uc-to , v 3.—B o n d S a te . —Toe town has awarded
Clerk, for $ !,'97 50 of a per cent bonds for constructing a
sewer in Franklin and Lincoln avenues. They are issued $24/ 00 of 44£ per cent twenty year school bonds and $26,000
pursuant with the statutes of Ohio and an ordinance passed of 5 per c.eutfren year general improvement bonds to Edward
Jnne 1, 1897. Interest will be payable annually and the C. Jones Co., New York.
Stionchaiii, fl**-. B o n d S a le .—The $ 2.000 of 4 percent
princip tl will mature one bond of $> 9 oo annually begin­
s»wer coupon bonds were awarded to R. L, Dty & Co.,
ning one year from date of issue.
Set anion *1i s.—B o n d s N o t S o ld . —The $35,090 of 6 per Boston, at 1 07- 39. Princip il will mature as follows:
cent water bonds were not sold on August 3 . P97, the date $4,000 June 1, 1919; $3 IM) June t, 19!o, and $3,000 June 1,
advertised for bids, the prices not being satisfactory. We 92 . The following is a complete list of bids.
are advised by J. D. Clark, Mayor pro tern , that several R. L. Hay &Co., Boston....... 107*139 IA^ams &Co., Boston .............. 106*33
W. i.o gstreet X Co.,Bo*» 106*83 I i$lak^ Bros. &Co., Boston ....... 106*29
firms bid par f >r the whole issue and that bids were also re­ Jas.
Geo. A. FttrnaM&Co., Boston, .ion- s | Estabrook &Co., Boston........ .100*07
ceived from M. T. Lewman' & Co., Louisville, Ky.; Sinoott B lodget. M erritt & Co B o sto n . 106*01 | J o se Parker & Co., B o sto n ............. 105*89
& Dyer, Nashville, Tenn.; the Noel-Young ^Bond and Stock
Terre t ate, Imi.
S U e .— J i Aug 31, 1897. $5 ,000
Co. of St. Louis and the First National Bank of Portage, of 4 per cent 2"-year bonds were awarded to N VV H trris &
Wis. The bonds are still for sale and a description of them Co.. Chicago, at 1 5*-'3 Interest will be payable at the Cen­
will be found in the Chronicle August 7, It97, p. 249.
tral Trust Co , New York.

N E W LOANS.

NEW

$ 2 5 , 5 0 0

# a o o ,o o o
N E W A R K, ■ N. J
High School Bonds.
Sealed bidB for an issu e o f 8 2 0 0 , 0 0 0 o f 20-year
registered H igh School Bonds, to be sold a t par for
th e low est rate o f in terest offered, w ill be received
till W ednesday, Septem ber 15,1897, a t 4 P . M. Cir­
cular, givin g con d ition s governing bids and particu­
lars resp ectin g tb e financial condition o f th e city
w ill be m ailed upon request.
JO H N 8, GIBSON,
Comptroller,
R oom 5 City H all, Newark, N. J.

Q u in c y , M a s s ......... ..................................... 4 s
H a r r is o n C o u n ty , O h io .................... : ,5 s
L u c a s C o u n ty . O h io ........................4 s
C o lu m b u s , O h io .......................................... 4 s
T o le d o , O h i o ................................ ......................5 s
P o r t s m o u t h , O h i o ....................................4J^s
FO B SA LE BY

LOANS.

County and Municipal Bonds
FOR SALE.

Investment Bonds

New York Savings Banks
and Trustees.

NEW
s

LOAN.

- 0 0 , 0 0 0

35 a n d 37 N a s s a u S t., N e w Y o r k .

Investment

Bonds

C o lu m b u H , O h i o ......................................................... f H
|H
I n d i a n a p o l i M , I n d ...........
P o r t l a n d , M a i n e ........................................
,fs
M i d d l e s e x C o u n t y , M a n n ................... .. . . .* . . .4 »
P o r t l a n d ifc K u m t o r d F a l l a It I t . G o l d . . . . 4 m
B o s t o n R e v e r e B e a c h & L y n n 1 s t M . G * .4 k t t
PR ICES ON A PPLIC A TIO N .

E. H. ROLLINS & SONS,
1 9 M i l k H t r e e t , BoM ton. M a n n .

Edward J. Rosenfeld,
M U N IC IPA L
H lsh -G rnd e

No.

6 6 B r o a d w a y , N e w Y o rk .

L IST S

SENT

UPON

A PPL IC A T IO N

MEM BERS OF BOSTON A N D N E W ^ O P a
STOCK EX CH AN G ES.

R. L. DAY & CO.,
4 0 W a ter S treet, B oston.
T S a s.a u Street, Sew Y ork.

Government and
Farsun, Leach & Co.,
Municipal Bonds
P R I C E ON A P P L I C A T I O N .

CHICA G O ,
1 0 0 Oearboro St.

NEW YORK,
-i W a l l s i .

NEW YORK,
NEW JERSEY,
CONNECTICUT,
S A V IN G S BANK A N D T R U S T E E S

BOUGHT AND SOLD.
A PP R A IS E M E N T S M A D E OR QUOTATIONS
FU R N ISH E D FOR T H E PU R C H A SE . S ALB, OR
EXCH AN G E OF A B O V E SE C U R IT IE S.
L I S T S ON A P P L IC A T IO N .

N. W. HARRI S & CO.,
BANKERS,
1 N A S S A U S T . ( B a n k of C o m m e r c e Bl dg *) *.

Investments a Specialty James N. Brown & Co.,

S E C U R IT IE S .

W a r r a n ts a S p ecialty
Writ* or L ist.

Notice of Bond Call.

N o tice is h ereby g iven th a t th e C ounty Treasurer
w ill, w ithin thirty d ays from th is date, redeem t b e
fo llo w in g C lioteau C ounty bonds, at d in ter est t h e r e ­
S 1 C * 0 0 0 Colfax C ounty. N ew M exico, s ix per cen t on will cea se a fter ik e ex p ira tio n o f th a t tim e:
sem i-annual, 10-20 Cou on Bonds: inter
Bond- num bered iro m 55 to 57, i 'elu siv e, and 78 to
e s t payable in New Y»»rk, or by ik e 82 in clu siv e, issu ed J u ly 2,.1883, b ein g all o u tsta n d ­
County Treasurer, January and J u ly 1st
C oun ty'som i n to redeem after 10 years. in g bonds issued a t th a t date.
Colfi.x C ountv has $:\600,0»u taxable
B onds num bered from 143 to 167 in clu siv e, issued
property assessed . Total in d eb ted n ess, J u ly 1st, 1885, b ein g all o u tsta n d in g bonds issued a t
in lad in g th is issue,
0,400. B onds
th a t d ate.
A dated Ju ly 1st, 1897.
8 9 , 5 0 0 City o f Raton “ Im provem ent B on d s”, six
F o k t B e n t o n , M ont *., A u g 1 9 ,1 8 9 7 .
per cent sem i-annual. 10-30 Coupon
JlaJRE S U L L IV A N ,
Bonds. In te re t payable tn N ew York or
by City T reasurer January and Ju ly 1st.
Chairman Board C ounty Com m issioners*
Raton is in C olfax Co anty, New M ex­
ico ; population, 4,tM*0; assessed v .lu a tion o f pronerty, $60»,00o to ta l indebt­
edness, including th is i«*sue, $12,9u0;
Bonds dated A ugu st 1st, 1897.
Sealed pro o*als for ab ove bonds will be received
until la o’clock vi., Septem ber 2Utu, 18i«7. Corres­
FOR
pondence solicited. Adnress.
FIR ST NATION a L B A N K . RATON. N. M .
U su al A gen t Colfax County and City o f Raton.

Rudolph Kleybolte & Co.. Portland, Maine, Funding 4s.
CINCINNATI. O.

IN V E S T M E N T S .

WILSON & STEPHENS,
41 Wall Street, New York.

C edar S treet,

BANKERS
j ___ -

NEW

YORK,

M U N IC IPA L . COUNT V. SCHOOL A N D
T O W N SH IP BONDS

BOUGHT

AND

SOLD.

THE CHRONICLE.

September 4 , 1897.3

43 B

TiTerton, K. I , —Bond Sale,—On A ugust 27, 1897, the March 1 and Sept. 1 at the F irst N ational Bank.W oburn, and
$25,000 of 4 per cent gold bonds were aw arded to Jam es W . §509 of the principal w ill m ature annuallv on September 1,
Longstreet & Co. of Boston a t 103 78. The follow ing are th e 1898 to 19 3, inclusive.
bids.
•Veodstoek, 111.—Bond Sale.—The State Bank of WoodS m . W . Lon m t m e ti &
a Co.,
co„ Bos
Bo.*_.nxm
stock has been aw arded §5,500 of 5 per cent bonds at 100-20.
l. ...1US-8S#
Jo*e P arker A Co., Boston-.
itun..l03‘tM
Blodget, M erritt k Co., Bosfco:
------- Co., Boston., .1
W eodsm lle (Town), X. II.— Bond News.—A report has
ParkiusoB & Burr, B oston... ..X>3T):iS E. H . Rollins & herns, B o sto n ..-102*68
been cu rren t th a t W oodsville would borrow po.000, Upon
N. W. H a..........
rris & C.....................
o ., B oston.-. a g o
Parson. Leach & Co.. New York. 102*58
Adams St. C o ., B o sto n .............103*548 Dietz. D enison k P rio r. C lev..., 102*57
inquiry we learn th a t th is loan was authorized by th e town
C ashm an. F lsb er k Pbelps. B o&103*50 In d u strial T rust Co., Pr. *videneel 02*01
of Haverhill.
T hird N ational Bank. Boston . . l ‘« T 3 Blake B ros. & C o ., B o sto n ..........iot*5i
W orcester, Mont.—Certificate Sale.—A Boston despatch
For description of bonds see C h r o n i c l e A ugust 14, i 897,
states th a t Blodget, M erritt & Co., Boston, have been
p. 295.
T otten ville. N.Y.—Bonda A uthorized, On A u g u st80,1397, aw arded §100,000 of 4 per cent registered certificates of
the citizen* voted in favor of reissuing the $80,W 0 of 5 per W orcester a t 105 913. The securities are dated April 1, 1897,
cent w ater bonds. As reported by ns last week, this loan and m ature A pril 1, 1912.
W yandotte. Mich.—Bond E le ctio n .- On September 13 ,1897,
was recently aw arded to K. W . H arris & Co., who refused to
accept it because o f com plications following th e issuance of the citizens of W yandotte v 'j vote on issuing bonds for an
electric-light
plant and other purposes.
the series under an old law , thus necessitating anew election.
Took era, N. —Bond* Andwrized —It is reported the City
W allington, f». J .—Bond Election A t is stated th a t an
election will be held September 28, 1897, to vote on the pro­ Council has authorized the issuance of §75,000 of w ater bonds.
Winners (X. ¥,) School D istric t.—Bond O ffering— P ro ­
posed issue of $20,000 of road bonds.
W ayland, X. 1 — Bench Defeated —A t an election held in posals w ill be received n n til 8 r. m. Septem ber 7, 1897, by the
this town on Aug. 8 '. 1897, th e proposition to issue $5.1,000 of Finance Com m ittee of t i e Board of Education for §11 5,000
of m per c e r t registered bonds. Securities are ia de­
bonds for a w ater supply was defeated,
West H ay Oily, JHrli.*- Injunction Dhsohvc).— Judge Max­ nom inations of $5,000, dated A ugust 1. 1897, and are Issued
well on A ugust 21, 1897, dissolved the injunction restraining pursuant with Section 26, Law s of 1881, Chapter 49, Law s
t h e city from issuing the $3&09<l of 5 per cent electric-light | of 1894, and w ith resolutions of Common Council Ju ly 0,
1897, and A ugust 28, 1897. Interest will be payable April
bonds recently aw arded to the Lam precbt Bros. Co.
W llm inglo’n, .V C.— Temporary Loan.— On Angnst 16,1897, 1 and October 1 and the principal will m ature annually
the city negotiated a 6 per cent loan for §2,500 with local , on April 1, beginning 1956. A certified check for 5 per centof the am ount bid for m ust accom pany proposals.
banks, same to m ature November 1, 1897.
Vf>uogstnwn (City) Ohio.— Bond Ogering. —Proposals will
W indfall (Inn ) 8ch»o) D istric t—Bond S a lt.—On A ugust
2d, 1897. the $2,400 of tl per cent school house bonds were 1 be received n n til 2 r. m. (Standard time) September 27, 1897,
by F. C, Brown, City Clerk, for §400 of 5 per cent Thorn
aw arded to Mr. Ramsay, from Crawfordaville, a t 108-125,
Win to n P lace (V illage). Ohio—Bond Offering. - Proposals Street grading bonds. They will be dated October 1, 1897,
will be received until 12 m, September (0, 1897, by R. B. interest payable semi-annually at the office of the City Treas­
Poage, Clerk, Rawson Building, Cincinnati, fo r $1,696 80 o f : urer, a t w hich place the principal will be payable one bond
6 per cent street im provem ent bonds. A certified check ! of §100 annually, beginning October 1, 1899.
Y nsilaiiti, HUH,—Bond S a le .-O a A ngnst 21, 1897, $5,000
for 5 per cent of the gross am ount, payable to Charles A.
of 4 per cent sewer bonds were aw arded to the F irs t
Hinseh. T reasurer, m ust accompany proposals.
W obnrn. M ats.—Bond Sale,—On Sept. 1, 1807. the city of j National Bank of Ypsilunti at p ar. A bid was received
W oburn placed a 8®,008 4 per cent loantn th e "L ibrary T rust I from Mrs. E. A, Lee for th e tw o and three-year bonds. The
Fnnda” on private term s. Interest on th e loan is payable on | principal w ill m ature in from one to three years.

IN VESTM EN TS.

IN V E S T M E N T S
1 0 0 ,0 0 0

$ 200,000

P H I L A D E L P H I A 31s,
And Other Desirable Secaritie*

Edward C, Jones Co.
I . V a i n S treet, .New kurfc.

«R Chestnut Street. PMladeipM*.

W H A N N & S C H L E S IN G E E .

STATE

OF O H IO

'*

W A L L HTHSKT,

NE W

M A S O N , LEWIS & CO.,

1(190.
1901.
190*2*
1 90.1.
D ec e m b e r ,

8c CO.,

b a r k k b s

,

DEALERS IN MUNICIPAL BONDS,
Street B e lle * , Bond*. *nd other high-grade In

tm

BOSTON, MASS..

T b e h w n Metso.
« Adders*.

C l f T f l a o ^ O hio,

3 1 1-313 S u p e rio r Hi.
" K B N S K T B ."

SAFE INVESTMENTS.

DEALERS IN

INVESTMENT BONDS,
M em ber, o t B utton Stock Exchange.

X’o. 7 Congress and 31 S tate S treets,

BOSTON.
M U N IC IP A L

BONDS.

SEND FOB LIST

E. C . S T A N W C O D & CO.,

City and County Bonds.

121 Devonshire Street,

DIETZ, DENISON & PRIOR,

HAN K ERS,
B O S T O N * W o r t h i n g t o n B ld g ., 1 t S l a t e St*
__
C H I C A G O i 1 7 1 h a S a l l e H i.

bon dsT
FEARON

BA N K ERS,

&

CO.,

Bankers and Brokers,
101 SO I T II F IF T H S T R E E T ,

P HILADELPHIA.

A D A M S & COMPANY,
BANKERS

W . J . H a y e s & S o ns,

N .30O ( n o li C o u n t!-, II I., f t t l t ..........5»

II.OOO Little Kill In, Minn (School). 4X»

*!«♦• !>!*«?$•Ill h e r I , IM H L

* 2 0 , 0 0 0 «Iu p D e c e m b e r 1*
§'2#«ll#© 4 mc D e c e m b e r | ,
H2 0 , 0 0 0 4 bc D e c e m b e r 1.
* 1 2 0 ,0 0 0 t i e r D e c e m b e r 1,
(■ lere«C parable* 1 ante a » d
P r ic e * o n a p p l i c a t i o n ,

3 I NASSAU MT„ NEW Y O R K .

VORK.

15.000 Count! ot Missoula, .Mont... On

4 ‘r- BONDS.

BANKERS,

BONDS.

s m s , 5 0 0 C ity o r s e i l a l l a . M o ...................4 « *
-4 0 ,0 0 0 C o m ity o f L a k e , I n d
............5*

3 7 . 0 0 0 C h a r l e s t o n . I l l ................ 5 * «fc
- 4 0 0 .0 0 0 S o u t h S id e E l e v a t e d ............... 4H*
(C h ic a g o K l r . t I S K f .)

C. H. W H I T E

M U N IC IP A L

IN V E S T M E N T S .

BANKS.

FIRST NATIONAL BANK
OF MILWAUKEE.
C A P IT A L ,
S U R PL U S),

.

.
.

.
.

.
.

.

8 1 ,0 0 0 ,0 0 0
8*430.000

Transact* a G eneral Hanking and Foreign Exchange
Busko e**. Collections receive Special A ttention.
OFFICERS:
F. O. BiO»XX)W, Pros’t.
F. J . K i p p , Cashier.

WM. BtOktOW, V .-I'res’t, T . K. CAMP, Ans’t Cashier.
F.F_ K u o S a n a . 2d Asa’t Cashier.

San Francisco,
The First National Bank
O F SAIV F R A N C IS C O , CAJL.
UNITED STATES DEPOSITARY.
C apital, 8 1 . 3 0 0 , 0 0 0 IS u r p lu s,

8 0 3 0 .0 0 0

3 5 0 * 8 0 REHS* W R E B T , - BO STO N .
»t»l» a I, . . r l e r S t r e e t , O le e e le n d O.

H A T H H E A T I!P O N A P P L I C A T I O N ,

i. O. Murphy. President, J as. K. Lynch. Cashier
r*n*» MorriTT, V.-Pre*. J.K.MoginTT, Ait. Cash
General Banking Basinets. Aoootmte Sollolted

W M . FRANKLIN HALL,

Blodget, Merritt & Co..

.N E W O R L E A N S , L A .

Accountant

BANKERS

« T g S ftS S ? ’*
Books?

BOSTON, M A S S .

BOSTON.

16 Congress Street, Boston,

ExamimtSom m d loT«stscation*

co»doct«<J with, ihm uu»o»t car® and efficiency.

STATE, CITY & RAILROAD BONDS.

Canal Bank,
(Successor of N. O. Canal A B anking Co.)
- C A P I T A L , 8 1 ,0 0 0 .0 0 0 .
J . C . MORRIS. P resident. EDW ARD TOBY, Vice
Pre*. EDGAR NOTT. Cashier
Correspondent*—National City Bank, N ations
Bunk of Commerce, New York; B oatm en’* Bank
St i.o iiis; N. W. National Bank. Chicago t Murihant#' N ational Bank Boston

TH E

434

INVESTMENT.

( ' ASS R E A L T Y
CORPORATION.

In su ra n c e .

f i n a n c i a l .

f i n a n c i a l .

MANHATTAN ISLAND
REAL ESTATE

fVoL. LXV.

CHRONICLE.

Haight & Freese,
BANKERS
and

C O M M IS S IO N ST O C K B R O K E R S .
NEW Y O R K , 53 B R O A D W A Y ;

BOSTON, 8 5 S T A T E S T . i
P H I L A D E L P H I A , 8 . W . C o r . 4 tli & W a l IIut S is.

IStocks, Bonds. Grain, C otton. Provision s
bought and sold fo r cash or on m argin o f 8 0 5 per
cent. Commission 1-16.
W rite or call for our “ 400-PA G E SECURITY
MANUAL”, conceded by B anks, th e Press and
Boards o f Trade th rou ghou t th e country t o be th e
m ost condensed and sta tistica lly reliable pub
2 0 9 , 211 and 2 1 3
lication ever issued by au y B anking H o u se. G ives
range o f prices o f stocks, w h ea t and cotton fo r ten
E ast T w en ty-T hird S treet.
to thirty years, la test financial reports, sta tem en ts
o f earnings, etc., o f all Railroad and Industrial Cor­
porations w hose shares are listed on th e principal
Speaking of Manhattan Island Real exchan
ges, thereby enabling in v esto rs to operate on
Estate Investment, the “N. Y. Evening their ow n judgm ent, based on fa cts to be fo u n d in
th e M anual, which is in valu ab le to b usinessm en
Post”, April 8, 1897, said:
generally. It enables auy on e to in v e s t m oney, k eep ­
ing tb c principal in ta ct and m aking i t pay an in* * it is sure in time to become
oorne.
immensely profitable ; for the in­
ISSU E D GRATIS A N D M A IL E D F R E E .
crease in toe fee value of the prop­
D E T E R M IN IN G T H E F IN A N C IA L R E ­
erty will be attended by a greater
S P O N SIB IL IT Y OF T H E F IR M W IT H
demand * * and a relative increase
W H IC H YOU DEAL IS A S IM PO R TA N T
in rents.”
A S S E L E C T IN G T H E R I G H T S T O C K S .
N ew York, B oston and Ph iladelp h ia N ational Bank
R eferences Furnished.
T w enty years’ experience, largest clien tele, m ost
com m odious offices, b est brokerage service.
PU B L IC A T IO N BY TH E M ANHATTAN
I
C O M P A N Y , N ew York, o f th e m oneys r e ­ U P T O W N O F F I C E , 1 , 1 3 2 B R O A D W A Y .
PR IV A TE W IR E S .
m aining unclaimed^ in accordance w ith Section 28,
Article 1. Chapter 689, o f th e Banking L aw s o f 1892,
S tate o f N ew York.

New York Life
Insurance Company.

Write or Call for Particulars.

Fred. H. Smith,

1892—Am erican Land Co., 62 W illiam Street,
N ew Y o r k ..................................................$240 52
1892—Catharine S. Coles, T rustee, u nknow n.
95 00
1890—E sta te Catharine B. Fish, u n k n o w n ...
69 70
1891— D. R. G am ias, 59 L iberty Street, New
Y ork..............................................
162 69
1879—0 . S. Greene, Trenton, N. J ................. . . .
56 86
18*8—E sta te of W illiam H u tch in son , u n ­
know n.......................................................... 1,706 87

No. 8 B R O A D S T R E E T

U NC LA IM ED D IV ID E N D S.
60 D ivid en d s—Margaret Jen k in s, u nknow n. 264 00
87
**
Thom as K eefe, unknow n....... 379 50
103
H enry Moss, unknow n .......... 3,652 00
117
Johanna Murphy, u n k n o w n .. 266 49

IN T ER EST ALLOW ED ON B A LAN C ES.
M arket L etter on A pplication. Correspondenc
Invited . E stablish ed 1868
A ll classes of U nlisted Secu rities and Tractloi
Stocks B ou gh t and Sold

S ta te o f N ew York, City and C ounty o f N ew York, ss.:
J. T. Ba l d w in ', Cashier o f th e M anhattan C om ­
pany o f N ew York, being duly sworn, says th e fore­
going is in all resp ects a tru e sta tem en t to th e b est
o f h is know ledge and b elief.
J. T. B A L D W IN , Cashier.
Sworn to b efore m e th is 7tu day o f A ugust, 1897.

M ISC ELLA NEO US.

SE A L.:
............ :

W. S. JOHNSON
N otary P ublic.
N. Y. C ounty 17.

1, 1 8 9 7 :

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

A SSETS,

NEW YORK

ST O C K S A N D B O N D S .
M ARGIN ACCOUNTS

JA N U A R Y

L IA B IL IT IE S ,

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

SU R PLU S,

$ 2 6 ,6 8 1 ,9 9 6 9 8

SO LICITED

•

IN C O M E ,

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

* N e w In su r a n c e P a id

SECURE BANK VAULTS

fo r in
* P a id

1896
fo r

in F o rce

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

In su ra n ce
-

-

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

CHRONICLE V O LU M E S
1874-1887-1*8 VOLUM ES.
Bound in fu ll m orocco. Offer w anted for th e
A ddress
W ILLIAM B . D A N A COMPANY.
76$tf P in e S treet, New York.

A cttve and Local Securities b ou gh t and sold to ad
van tage. A tlan tic M utual Scrip. Circulars.

J . P . W i n t r in g h a m , 3 6 P i n e S t „ N . ¥

GENUINE
W E L D E D C H R O M E S T E E L A N D IR O N
R ound and F lat Bars and 5-ply P la tes and A n gles
FOR SAFES, V A U L T S , Ac.
C annot be Sawed, Cut or D rilled, and p ositiv ely
Burglar P roof.
CHROME STEEL W O R K S,
K ent A ve., Keap & H ooper Sts.
S ole Man’f ’ers in th e U . S.
O O K LY N, N. V

•N o policy o r sum of In s u ra n c e is inoluded
in th is s ta te m e n t o f p ew bu sin e ss o r in su ran ce
in force e x c e p t w h ere th e first p rem iu m th e re ­
fo r, as p rovided in th e c o n tra c t, h as b een p a id
to th e C om pany in cash.

OTritiug gaper.

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B A N K E R S SH O U LD T H IN K
More seriously about the paper used in their ac­
count books. Do you know the W h i t in g L in e n
L e d g e rs f They are perfection, and will withstand
the severest tests of erasure and re-writing. They
are made in tints that give the eye most ease by nat­
ural or artificial light. Recommended by oculists.
Write for samples and booklet, free.

W HITING P A P E R COM PANY,
H o l y o k e , M a s s ., and 150

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Duane Street, New Y o r k .

JOHN A. M cCALL,
P r e s id e n t .

H E N R Y TU C K ,
V ic e -P r e s id e n t .

A r c h ib a ld H . W e lc h , 2 d V i c e - P r e s ’t .
G e o r g e W . P e r k i n s , 3 d Y i c e - P r e s ’t .
E d w a r d N . G ib b s , T r e a s u r e r .
R u fu s W . W eek s, A c tu a r y .
H u g h S . T h o m p s o n , C o m p t r o lle r .
I
C h a r le s C. W h i t n e y , S e c r e t a r y .