The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
V O L . 63.
%
S A T U R D A Y , S E P T E M B E R 5, 1896.
T h e w e e k ’s t o ta l f o r s .l l c itie s s h o w s a loss o f 17 '0 p e r cent
fr o m 1895, T h e d e c lin e fr o m 1891 is 2 (5 p e r c e n t a n d th e i n ■ c re a se o v e r 1893 is 7-3 p e r c e n t . O u ts id e o f N e w Y o r k t h e d e *
I crea se c o m p a r e d w ith 1895, is 13-8 p e r c e n t , th e d e c lin e f r o m
1 1891 is 5-3 p e r c e n t , a n d th e in c r e a s e o v e r 1893 r e a c h e s 1 1 1 p , c .
e C ltc o m c lc .
h
N O . 1,628.
BINE STRE ET. H. W . CORNER OF PEARL S T R E E T . N. V.
C L E A R IN G H O U S E R E T U R N S .
W trk ending A u g. 29.
For t b e m o n t h o f A u g u s t a a i th a e ig h t m i n t h j th e e x h i b i t
ia as f o l l o w s :
All-pu t .
ism .
j
.225+75/77
W M kJ m
8 r »o o » «.
a t o o ---BitttftOO,
M i% m
Msrt.iit I
aimuma ;
______
MMJT
1895,
K
T t a :
Total N. Bn*
Bi-A ' Montto.
P.CX
~
1805.
gs&a
USHMXl
_______
Vi
,
24,01*M+8
___ _— i %
- iv *
uSS -+*s
&+2&*6i
2 + « /4 «
wm mm &
W.AiO.412
15*+'«M77
U »+8f+*»
tf&.WI.' *'
3d,727,156 +0*5
—3*7
D ra v e r ..
at. Joseph
Moms*
^SSSWIS
4301,610 -____
+004^30 +803
~63l3ift,&2 H '8
Is
030.43 M 7 j
335.082.451 -3*4
197,181811 7133?
118,2*1,078 721-8
187,095.016, 7-8*4
91,097.912 -8 3
*5.730,0 tOf- f 0 0
3/008,808 -Y 3
n .010+13 -era
It.523 408 -1 0 +
19,? 16.0*4 -8*1
14.0l2.liy -8*5
2.238 <m - 8 2
2.0Mg,i>H +na<
1 7A1.48? ~2iV
tjm .gffl +10*0
I.44>.270 -1 0 0
L?S:Si 2 «
U5.IM .W 1
87.64/391
28^7,146
00.200,630
|
«|
6.310.07*1
Ittti® Kook...
’ “ -**517 “ 4*7
+10 4
3,347,414 ~20*0
sWpic hait?a ..,,
”.
0,4*».171
4*378+72:
4.151
4JAMD3
3,267.6? 7;'
8,166,723
W RW
1785.572
2,000,0001
1,238,116
050.876!
_ -AH+73 +13*6
IS9J«M98 -11 1 i,061,076.46?? 1,u2».«4W,j7* + 4 7
-57
8*0,8 *0,010
28+7*2,031 8-3*6
2ID.*11.940 ~ y i
76,03 i+* 5 -7*0
73+70,678 - « 1
84/76 705 +3V
81+40,178 -«*8
57/22+11 +11*8
37.423+08 +111
40+80+87 -0-0
.12,2+>.730 +1*0
%
gfflS»!-58
.........
. -rat
. 7
;/.2
{.*«.•.
;
■:
M /7 7
7,046,387• -a n
4,042,123: +2-7|
3/1604.717 - I ’Sl
8,07 4,612s—17*8!
410,580.211
60,314 .*90
11+18,203
3+8W+2I
1.237+79
vm M *
tm jm
671,977
495.702
227 SOD
496.333,696
......
517.276.707
55,m o , m
m m M k
10+00.018
3+82.018
1,330+07
1.277,8 H
713,190
706,528
570,858
274.400
CtU.T7H.JlS
1896.
P . Cent
-io S
+ ? ;i
+0 2
- 7 .0
-T «
-4 * 9
“ 13*1
-1 7 -2
—17 9
-2 2 .1
“ 31-0
P & o .:.r :
H artford,.,..
N ew l i a r o n , - . . ..
a p ri& fffleld.. . . . . .
P o r t l a n d . .. .. . .. .
Fall R iv e r ...........
L o w e ll. . . . . . . . . . . .
N ew B e d fo r d .....
T o ta l H ew Eau.
1895.
1+17,364
425,101
414.802
073,022
69.750,250
1/77,7*5
1+74,98!)
1+04,839
003+47
46^170
301,088
Sfe.577,M«
-lt -I
+ 1*0
+ 10*4
■751
-21*4
-21*2
ISO*
1
1893
‘l i f e
3,124.98*
1.229.019
1,227,278
025.000
594.765
s
487,070+90
0 4 /3 7 + 1 6
3 /2 2 + 0 0
1,543,049
1,006,002
. 9 8 9 /8 6
802,753
L 181,741
45LU52
4 19,001
2 0 7 /5 2
71,871.134
‘! t i i
11,818,003
a,S09.S3«
7W.008
1,133,809
053,703
849+34
232,000
470,717,0*4
ta w
H&IS
1.011,003
»
389,8(17
887+97
2 8 2 /3 7
09,214,eos
D e t r o i t .. . . .
O le r e la a d ..
M ltw a n k e e ...,.
C o la m b u » . . . . .
ln dian apou a
Toledo*.
G rand Rapid*
Lexlngrton.
K alam asoo.
A k r o n ,.. . . .
R o c k f o r d .... .......
Spriairileld. O hio..
Canton.................
D ayton*.................
T o t. M id. W e i t ’ n'
Son FrancSioo,
Salt Lake C ity
P o r t la n d .....
TaO* A n «e ie * .
H e le n a .......
8.718,2*0;-1**8.
l,»7 2.976; -28*3
2/637^ - -3+4
?,153,237. -20*0’
1,077,460 - + 7
1.OS0+5I -8*0;
XtWHLSHO
Ix+M +r/
_ _
T otal Paciflc,
Kansan C it y ....
M in n eapolis.*..
St, P aaL .7 . I**.'.!
IcYrSepb ■"*'
De* M ol n e t ..
S lo n x C it y ...
L in c o ln .
W ich ita .
T o p e k a .,
F re m o n t.
H osting*.
T o t. o th e r W e st.
S t. L o n l* .. . . . . .
New O rlean s...
LoaJjyiU e.
G alveston..
Houiton.,,...... .
S a v a n n a h ..., . . . .
R io b r a o n d .,,, . . .
M e m p h is ......... .
A tla n ta ,........ .
g r ille ::* * :::::
N o r fo lk .,.. . . . . . .
W a c o ....... .
.......
F o rt W orth .
A u g u sta ....... .
Blrroin rhoton
2i/«3,0?t —12 0 K n o x v ille .
18.072.835 +10*7 L ittle R ock ..
12+28/92 +& / J a ck s o n v ille .
10/40,+Z - h*0 (AnpuuMOftftB.
T o ta l S o u th e r n ..
& M 7 .1
TotAtaootiJ. 000,048366. m-Ajm m% -* v ; l . ^ S + +
•Mai Ml..,., P W W 4,139.31& 71+ - 1 IV
i l R W j W -t w
—1*4
tr. r, 1.680,800.10? 1.822+02.672’ —13*3 1 i71L.&**4.1l0 l5 .0 i4 /» ^ ,44* —2+
49+14,506 +5*7 - 332 8.10/2'+
«1.974/09
370,090.306 -11*5
23.2M/5!; +8*t: 22-5,043,696] 195.203,10! +15*5
6+81,-.81 “ U'3;
5,m o8§;
+ 1*1
40t29UM6i
1,84+959
3.»i7,7+'i.
.
+ ....! »
35.298.140
+22*4
2 :0i7.5M’l
2,72+5#5-M*-4.
2+.mh»,717,
+1*4
+SSsf
To*7'« *»«.#!«
7%*7+,«r»i4 ' V > 4 7 ^ W " ^ 7 3 ~ 8 5 ; r . . + +T7 ^ U . . 5 3 + W >
s
’
T o u t M id d le ...
1896.
M76S,T9! +w*7
45.471,212 - O T
26747.421 -~«f»
15.204.7*7 +7*1
1&«6&*68 -7*5
I i.07/0! 4 -219
5 /1 1,» 04 - i n
g b r ...;
Ch*tl»nr,?«ia.
fti+dsssa; - v *
lasoiajL®? +***a
156/55/20 -1*3
115/94/ O +3*0
ri,c»+/M# fOCFl
*0.772.113 -1"* 6
SW/D8/F+ —7"5
11.54. M l -CU?
*+*U*13 +87
7+*7.«ttl +7 4
10/42,312 -19‘.i
7/3 2/9* ’ 1*4
1+47/11 “ 7*3
2 /0 *+281 -"O’*
»M U tod
T ota l P » « B c
( u ) u cu r—
Minnonsoii,. ,
i»o k * -» T i.ir * .
430 177/601 -«*1
I W ^ 7 - 0 Oi
=E
z% m
A .» * u » i* ..........
B irm tttiftiu a..
*a.!02.7M +3-7
44.M-. %s: —S’
Jtt
»*»»*«* **i
Port Worth...
V K U lM T i -4-7*4
7+6B+68
o /s r /io
5.£*37.8K»
4/2*5/51+l i 3.aia+Ju,».*C -1M
C a n to n ...........1
T o t + I .W e s t .
! « * : : : : :
f n e o .............
s*i
56,017.7 Is
i *um,nxii
*7,217.5 8|
is + so/ m
2^,135.5271
a u u i .i w
1+MA470
8.428.U64»*J
Bar CHt....... .
W Mklord.....
fprtnjrflem....:
Atlanta ......
—V3
f/M,£«L97Ff
S/W6.07I
&.I78.1.06
A k r o n . .........
DftliM ..........
0'9
4-VI
+0*8
*
307.^2.431:
r * rz ' f - .
Sfoaz Yuli* .
Wa-thtnuton..
R«>cfae»ter,....
Syracujio............
i m u i r r i Scrantocu
,047/OJ + v i W UmtnietorL-.. . . .
.tdr.OTO +;■r & B ingh am toQ ........
Muammoa «...
KMmmmoo. . . .
M e n tp h R u ....,
P. c t . I
a f f a i o . .. . ..
*U74?+43
i7.AVi.iar
7.j m . m .
D e tr o it,. . . . . .
C levela n d . . . .
M ilw a u k e e ....
C olu m b u s. ....
In dian ap olis..
P e o r i a ........
# r a o d R apid*.
T ooek * .....
F r e m o n t . ......
H a s tin g * ........
T o t, o t h ’ r W .
N ow V e r t . ..
81+SI3.0I* - I I V l+&51.14t.*W3 19,0*2.090+68 -1 * 6
:
: •i
-5*7
Tot*l JDddl*
Bo*too........
FtoB14eae«,
H»rtr<w4.„.
K«w H »,«n .
toringaoia.
w oresuer.....
C U arirnt at—
o f e le o r lu a * b f te le g ra p h see F«mt« 3NG.
i
T o ta l a l l . . . , . . . , .
O ntatde N. Y ork
6 .3 3 9 /7 3
4,50 5 /0 4
1,046.096
M o n tre a l.. . . . . . .
T o r o n t o ....,...,
Hall fa x ....,.,,,,
W innipeg,,.,.,.
.ml Iton.-,..
'otal Canada,
17,387 8 ^
'N ot ln olu d ed In to ta ls .
583.106
51 474 803
376
THE CHRONICLE.
[VOL. LX.III
silver scheme, but such a defeat as no other party
ever met with. An immediate effect will be to lessen
THE BOND RECORD.
greatly the number of hesitating and free-silver
The “ Bond Record/' a very useful monthly paper,
Republicans in every State ; they will want to be with
which has been in course of publication about four
their party in its success. Then too this unprecedented
years, has found the work too expensive to be con
majority will be hard to explain except by admitting
tinued longer. No number will be issued in Septem
that farmers are not so widely deluded as has been
ber or thereafter. According to an arrangement made
claimed. These free-silver people are a noisy set and
with the publishers of that paper we have consented to
thereby make themselves appear ubiquitous. But the
send the C hronicle , beginning with this issue, to all
shrivelling process of standing up and being counted is
subscribers to the “ Bond Record
who were not
proving to be too severe a test.
already subscribers to the C hronicle until the expira
Another influential political movement which has
tion of their term of subscription.
been in process of organization ever since Mr. Bryan
was nominated has taken shape this week. We refer
to the meeting of the National Convention of Sound
THE FINANCIAL SITUATION.
Money Democrats at Indianapolis and the nomination
There has been no material change in the character of Senator Palmer of Illinois for President and Gen.
of the prevailing conditions. Every influence has, as Buckner of Kentucky for Vice President. At the
during recent weeks, seemed to be tending towards start this movement was esteemed to be of small im
political stability and industrial recovery ; the evidences portance and in the view of many it was doubtful
of such a trend in affairs have been accumulating day by whether it would harm or help Mr. McKinley's election.
day. The darkest hour was when the banks reinforced As weeks have elapsed its strength and usefulness
the gold reserve and the syndicate of bankers under have developed, until the force it has gathered has
took to relieve the exchange market. But the real surprised the outside public and no sound money man
turn in sentiment came with the complete failure of now questions the good work it will do. It is very
Mr. Bryan at the Madison Square Garden to fill the needful in the South and needful in the West
measure which had been formed of him. -When he also. It would appear as if in the South
started from his Nebraska home, having just received nearly all the respectable and educated people were
Many will
the endorsement of the Chicago Convention, with the in opposition to Mr. Bryan's election.
boastful but avowed object of taking possession of vote for Mr. McKinley directly, but the larger number
the “ enemy's country/' the public invested by imag would not. Judging from what we hear and see, and
ination his person and mission with the mys judging, too, from the character of the various South
terious powers of a veritable medicine maD. ern State conventions of Sound Money Democrats that
Had he carried captive half the educated and have met and sent delegates to Indianapolis, especially
all the uneducated classes with that earnest, sin the Kentucky Convention, our opinion is that it makes
cere, impassioned eloquence which was supposed to be many of the cotton-producing States doubtful at once. It
his gift, and left them believing that his nostrum was likewise promises, we think, to grow in influence.
Greatly to the regret of the investing public, Judge
the cure he claimed it to be, the outcome of his effort
would not have exceeded what was feared by a large Simonton, in the Circuit Court at South Carolina,
body of our people. The truth is the possible triumph on Monday of this week, dissolved the injunction
of the Free-Silver Party opened the country to the granted the latter part of July against the proposed re
chance of experiencing such frightful results that even duction in rates by the Southern Railway and Seaboard
conservative men were thrown into a highly nervous Air Line. It is very important to understand, how
and credulous state. Consequently Mr. Bryan's utter ever, that the decision has not been made on the meritsfailure to meet in any particular the exaggerated ex of the case. In this respect the remark contained
pectaticns his own assumption, his followers’ claims, in the opinion saying, “ The limited jurisdic
and the manner of his nomination had raised, 1 0 tion of the Court stops us at the threshold,"
doubt induced a decided reaction and materially re and which has been extensively quoted, is apt to be mis
lieved the then existing strain.
leading. The remark does not refer to the jurisdic
This week the Vermont election has occurred, and tion of the court over the subject matter of the contro
it has proved a powerful tonic. Every one was pre versy, but to the boundaries within which the Court s
pared for a large vote in favor of sound money. Some jurisdiction is confined, and to the fact that some of
sanguine people even went so far as to estimate a ma the parties to the contest are outside of this jurisdic
jority of 27,000, but no one had even thought of its tion, and were not named as defendants in the bill.
reaching any where near 39,000. The farming popu Judge Simor.ton says that the Seaboard Air Line is
lation is large and the story was that quite an import not a corporation or a joint-stock company, nor a co
ant portion was for free silver; that there were Re partnership of the several railroads composing it. It is
publicans among the number as well as Democrats. only tbe designation of a route or line operated and con
Tested by the facts it seems as if the holders of that trolled by two corporations,namely the Raleigh & Gaston
faith must have been very scarce; out of a total of about Railroad Company and the Seaboard & Roanoke Rail
09,000 votes in the whole State abc ut 54,000 were Repub road Company, one a corporation of the State of North
lican, leaving an aggegate of only 15,000 classed as Deni Carolina, the other of the State of Virginia. The
ocratic, Prohibitionist and Populist. These are ap Georgia Carolina & Northern, which lies within the
proximate figures, but they substantially reflect the jurisdiction of the Court, is leased to these two cor
situation. Great satisfaction is felt with the phenom porations, but has absolutely no control over rates, the
enal result. It
is with good
reason taken lessee corporations exercising that power. Neither the
as an assurance that continued hard work during Raleigh & Gaston nor the Seaboard & Roanoke was
the remaining two months in all sections of the named as defendant in the bill, and if they had been
country will not only bring defeat to the free- so named, says Judge Simonton, inasmuch as they are
September a, 189S.J
THE CHRONICLE.
377
MONTHLY CLEARINGS.
citizens and inhabitants of other States than South
Carolina they could not witnout their consent be
Clm nngs, Total A ll.
Clearings QutMde Hfeio York.
Month. :--------- — ---- ---- --------- -;------------- -------------- —
made parties thereto, nor be compelled to answer
1895.
ISM.
p ,c * .j
is o s .
1895.
P. Ct.
the bill, nor to abide by the decree of the Court
1
$
?
4,609,1*57,499
therein.
4,402,068.909 + «
J a n u a ry ,2,010,703,791 2,007,996.494 + 3 -8
Fehruary
4,101,712,407 3,407,062,178 + 2 0 J 1,738,720,777 1,543,220,94: +12*0
The only point for the Court to determine therefore M
4,138,070,354 4,034,435,895 +2-3 1,SU,818,600 1,793,094,879 +1*0
arch
was whether these two lessee companies were necessary 1st quar.. 13.83S.950,100 11,844,706,977 + 8 * 5,587,288,183 5,344,912,320 +1*6
parties to the bill; that is, whether their interests in A pril........ 4,288,851,80? 4,255,595,350 -‘ G'S 1,835,393,04; 1,862,118,371 +0*T
1,226,515,724 4,853,278,205 —ISO 1,888,423,931 2,021,131,568 - 6 * 8
M a y - ...
the issue were inseparable from those of the Georgia Jane.........
4,298,121.197 4,300,194,417 -2*3 1,878,710,45h 1,915,355,385 - Y S
Carolina & Northern, the lessor. The opinion de 2d qttar... lS,80?,191,8Si, 13,810,007,976 —5*2 5,600,501.031 8,821,908,301 - a * s
clares that the Coart cannot interfere in any way 8 m onths. 35,<U7,U2,Wt< 23,354,834.951 4-1*2 11,247,849,199 11,106,815,024 +a*T
with a redaction of rates brought about in legitimate J u ly .......... 4.363,734,408 4,502,547,044 —4*4 1,853,844,7 IS 2,035,280,148 - 7 * 5
3,551,552,303 4,139.315,710 - M 2 l,&80.SflO,t9S> l ,823,50-3,070 - 1 S ‘ 3
competition.
If any carrier, with the purpose A u gu st.....
Tne falling off is Heaviest in the Eastern and W e s t
of bringing business to itself, shall reduce and
ern
manufacturing sections. For the New England
adopt rates for a time not remunerative but with a
view to the accumulation of business so that it will in States the decrease is 18*3 per cent, for the Middle
time become remunerative, or indeed shall adopt any States, including New York, 14*8 per cent, for the
other reduction which it may think of advantage to its Middle Western section 13*3 per cent, for the Far
business, no Court can interfere. It is only when such “Western sectionlll’l per cent, for the Pacific ^section
redaction is made regardless of its own interests and 6-4 per cent and for the ^South 4*3 per cent, there be
with a view to destroy and defeat its adversary and ing increases at a number of Southern points on account
crush out competition that the Court can interpose its of the early cotton movement. The following furnishes
power and authority. This being the case, Judge a foor-year comparison of the clearings at the leading
Simonton argues, it would seem that the Court cities.
BANK CLEARINGS AT LEADING CITIEN.
should have before it the corporations who are
■Attaint.--------------,— January 1 to Any. 31.— .
engaged in waging the war of rates, whose motives are
( 100,000.
1899. 1895. 189 1 . 1393. 1898. 1893. 1891, 1 8 9 a
impugned, whose designs aud purposes are to be ascer
o r n iU r H .)
8
*
*
1
$
8
8
9
tained, and which, if illegal, are to be thwarted. It is Now Y ork... 1.S71 2,317 1,872 1,958 18,851 19,032 15.001 22,718
300
379
237 2,960 3.005 2.783 3,212
310
not enough for the Court to have before it the lessor Chicago........
316
308
381
293 2,927 3,019 2,694 3,190
Boston.........
road, which professes to have no knowledge whatever of Philadelphia 225 273 210 232 2,133 2,202 1,950 2,111
93
S3
90
09
731
817
735
780
such motives and purposes, and which has surrendered SM xm J*....
49
411
51
57
57
111
San Fran oo.
127
181
all control over rates. If the motives and purposes of the Baltimore...
457
55
55
178
.50
55
417
188
13
41
480
430
01
511
170
55
lessee corporations are to be investigated, they are enti Pltubtir,-...
*9
53
33
393
427
#30
Cincinnati..,
n
411
tled to be parties to the investigation, and as they are not Sew Orloaoa
295
211
31
2*2
271
28
281
327
45
4*2
23
321
32S
37
310
310
before tbe Court, and the Court has no power to com Kan*** Oily.
12
10
151
19
18
157
143
2 53
pel them to appear, the conclusion is that the injunc Milwaukee..
HontivUle,..
24
20
27
12
190
210
211
229
tion must be dissolved. The immediate effect of this Battalo— ..
17
IS
10
15
110
111
127
152
27
23
32
203
211
27
137
231
decision has been to start the war of rates again, the Detroit........
24
Minneapolis,
26
22
10
170
223
197
217
Seaboard Air Line having given notice of its intention Omaha........
15
ic
18
10
148
10 1
213
118
22
108
17
19
17
150
205
177
to put in force the 35 per cent reduction in rates pre Providence,.
20
Cleveland...
23
27
13
201
19*3
188
155
viously proposed, and the Southern Rulway, backed D enver......
0
S
11
11
81
91
91
14T
17
15
10
112
119
10
119
137
by the Southern States' Freight Association, having St. Paul.......
announced its intention to meet the cut.
Total........ 3.301 3,930 3,309 3,207 31,757 3 ?,268 27,053 30,813
We have prepared our statement of bank clearings Other cities.. 191 203 202 153 1,800 1,791 1,708 1,914
for the month of August, and of course it makes a de Total all... 3,552 +.139 3.571 3,360 33,503 34,057 29.331 38,702
cidedly unfavorable comparison with the totals for the OateldeN.Y, 1,531 1,822 1.099 1,102 11.712 15,025 13,697 10,044
same month of 1895. The conditions in the two years
As regards the volume of speculation on the Stock
were about as different as they well could be. Last year Exchange, though the fluctuations in prices were sharp
badness was active and in some departments of industry and wide, the aggregate of the share sales did not
even bouyanf, following the restoration of confidence reach large proportions, as may be seen from the fol
produced by the contract between the Government and lowing.
the Morgan-Belmont Syndicate the previous February.
6ALR1 OV STOCKS AT THE NEW YORK STOCK EXCHANGE.
Toe present year our industries were ia a state of ex
is»e.
1895.
treme depression, with business stagnant in all lines
ValttM
.
VaiuM.
Month
tfumber
S'umbfr
of trade, for reasons of course familiar to every one.
of Shares
of Shan*.
Par.
Actual
Par.
Actual.
The contrast between the two periods is well indicated
$
t
*
f
by the record of failures for the month, as prepared Jm
H.W.HK 318,422,500 w t,«ae,084
i , m e is
5,2 mum 402,612,760 306,900,130 3.021,035! 300.314.750 188,100,300
by Qol. W. M. Grosvenor for R. G. Dan & Co. This Fet>
March. *£m jm 986jbm,w^ m .m M i 6,138,6*1 409.445.800 -*>01,*684*1
record shows that the failures in August 1886 num lstcr iSimsM
WM.JtXM?) 11,896.476 1,118,183,050 880.010.s s e
bered 1,107 with liabilities of 128,008,637, against 1,025 April.:*, 4,058,611
256,860,075 5.036,710 482,409,365 271,711,899
188,033,302 8,032,707 869,182.960 4tJ3.AS8.576
2,409,61?
in August 1895 with liabilities of only 810,778,329.
June... 4,970.76? *17,371.450 5SP5,e&o,<m 6,030,416 579,442,860 318.870,724
As affecting the comparison of the cloariugs, too, it 24 qr. th tm .m
740.082,30 10,099832 1.821,074,155 1,05}.270,580
should be remembered that there were five Sundays in « mot.. 45.654,2*0 8.3«!>,W.' S1,390,3«S 8.039.267.206 1,734,281,152
the month the present year, agiiuit only four Sundays July..,,
527.501,250 354,381,2*2 •tsu.t# 581,238,250 .342,847,860
last year, thus giving one less business day. Altogether, August 4,267,1*!?. 412,967,875 2*58,716,029 6,289,018 490,170,700 337,335,231
it is not surprising that the falling off from last year
Some further returns of railroad gross and net earn
should reach 14‘2 per cent with New York included ings for the month of .July have been received thisand 13-3 per cent outside of New York, as will appear week, and in the following wo furnish a comparison
by the following table.
for a number of these for the last four years.
$
378
1806.
*
Nam e o ' Road—
A tc h is o n T op. & Santa F c.G ross 2.152,f 41
613.089
Net
1,803,575
Canadian P a cific.......... « ...
699.295
Net
810.054
C h esapeake & O h io ...........
291,531
Net
C h icago Mi). & St. P a u l... ..G ross 2,546.220
N et
820,802
O lov. Gin. Cb. & St. L ou is. ..G ross 1,008,155
247,813
Net
186,402
K P eoria & E a stern ............
28,630
Net
022,487
D o u r e r & R io G ra n d e.. .. ..G ro ss
Net
259,280
300,385
K a n .C ity F t. Soott & M em .G ross
116,028
Net
83,103
K an . City M em . & B lr m ...
19,071
Net
1.627,001
L o u is v ille A N ashville . ..
499.999
Net
858.010
M exica n C en tral.................
315,331
N et
157.037
M in neapolis & St. L ou is....
63.S42
Net
882.724
M orfolk & W e s te rn ..............
211,974
Net
200.273
61,552
Net
500.189
St, L ou is & San Fran............
211.760
N et
120.786
Ban. A n t. & Arans. P a ss.. ..G r o ss
12.618
N et
THE CHRONICLE.
■Jtily Earnings.1894.
1895.
$
*
1,000,732
2,089.400
2,C0C
195,000
1,517.009
1,543.514
475.208
558.027
809,452
780,041
209.304
1
1 779,227
2,230,210
378.171
730.993
921.563
1,102,134
104,719
240,200
127.453
162,990
29,836
41.374
438.861
643,589
135.594
294,440
342,918
334,202
102,530
98,678
73.001
77.847
7,133
1,5*1
1,428,903
1.632,913
533.364
590.015
635.811
731,728
218,165
2S0.155
112,332
152.460
89.223
57,775
843.074
763,349
190.732
283.272
148.049
2 >8,674
41.713
79,133
440.443
473.313
179.424
1G8.1S2
114.111
132,933
14,958
23,707
1893
*
1,803.207
090.937
855.114
293,375
2.5 »3 355
730,334
1,205,2*2
230,577
143330
20,323
478,891
110,713
353,333
38,412
72.895
def.0,305
1,687.209
530,754
580,389
161,039
140,025
40,134
802,509
531 548
119.601
A feature of the situation this week has been a check
to the decline in exchange, which fall was almost unin
terrupted for a fortnight. There was no change in the
tone until Monday, when rates for actual business grew
stronger. There was a further advance in them on
Tuesday but on the following day they partly receded
and on Thursday the market was barely steady, while
on Friday they were easier again. The explanation
given by the foreign bankers for the reaction in rates
is that gold at the moment was being over imported.
That is, the gold importations were doubtless in excess
of the amount for which provision had been made.
That excess resulted from the fact that not only had
the houses regularly engaged in the business made im
portations, but importations were also made by com
mercial houses and a few banks in this city and banks
and commercial houses at Chicago. Thus it happened
that all bills on the market were for the time
being absorbed. But the reaction in rates seems
to have been only temporary, and not to have
wholly arrested the flow of gold hither, for almos
daily this week there have been advices of the
purchase of bars and of coin in London and of the
shipment of gold by nearly every steamer sailing during
the week. The price of bars in London is only half a
penny lower, or 77 shillings 11 pence per ounce, but
maintaining high prices for bars has simply induced
shippers to select coin instead of bars. The fact that
after a fall of from
to 4 cents in long sterling and of
3 to 4 cents in short the reaction in nominal rates
should be so slight this week indicates that the tend
ency of the market is still downward. The'fall during
the past fortnight was due in part to the drafts against
sterling loans, and among these it is reported that
the Southern Pacific Company negotiated a loan
for about $6,000,000 for a year on terms not
stated. The total amount of gold reported up
to Friday afternoon as having been taken abroad
for New York and Chicago was $25,180,000. It is
possible that, owing to inaccurate reporting by cable,
some of the items which go to make up this total have
been duplicated ; but it is believed that the amount is
approximately correct. The arrivals were $2,235,815
August 28, $993,950 August 31, $751,500 Septem
ber 2 and $3,030,000 on Friday (not including the
amount brought by the Campania after the
close of business), making a total of $7,011,265.
Deducting this from the above-mentioned total
leaves $18,168,735 supposed to be in transit on Fri
day arteraoon.
*
| VuL. JLXII1,
Money on call, representing bankers’ balances, loaned
at 6 and at 12 per cent on Monday, the advance in the
rate being due to some shifting of loans incident to
September settlements. On the following day the
range was from 3 to 8 per cent, with the bulk of the
business at 6 to 7 per cent. On "Wednesday the rate
was 5 to 6, on Thursday 4 to 6 and on Friday 5 to 7
per cent. The average for the week has been about
64 per cent. Much of the gold—about $7,000,000—
received from abroad was exchanged for legal tenders
at the Sub-Treasury and the currency was loaned in the
market. The banks and trust companies quote 6 per
cent as the minimum but very few have loaned money
this week, there having been a withdrawal of currency
by Eastern banks, in connection with September settle
ments, and by Chicago and Southern banks for other
purposes. There is no change in the time-loan branch
of the market except an indisposition to pay commis
sion in addition to the rate of 6 per cent, but the only
offerings are at 6 per cent plus 1 per cent commission
for sixty days to four months and 6 plus 2 per cent
commission for longer periods. No business has been
reported by any of the brokers. The commercial paper
market is without the least change, rates remaining
nominally on the basis of 9 per cent for the
choicest names; but no business is reported. It is said
that there has been a somewhat less urgent inquiry
from merchants for discounts. This is probably due
to the expectation that after the gold now afloat
arrives, the banks will be in a position to loan more
liberally, and merchants are therefore inclined to
defer their applications.
The death of M. Lobanoff Rostowaky, the Russian
Prime Minister, has been followed by more energetic
movements on the part of England towards enforcing
demands upon Turkey for reforms. Reports that the
English fleet has been ordered to support the demands
of the English Minister at Constantinople had some
what of a depressing influence upon consols in London
on Wednesday, but later there was a recovery. The
Brnk of England minimum rate of discount remains
unchanged at 2 per cent. The cable reports discounts
of sixty to ninety-day bank bills in London 14 per cent.
The open market rate at Paris is If per cent and at
Berlin and Frankfort it is 2£ per cent. According to
our special cable from London the Bank of England
lost £2,327,765 bullion during the week, holding £44,044,283 at the close of the week. Our correspondent
further advises us that the loss was due to the export
of £2,223,000 (of which £2,153,000 was for the United
States, £50,000 for Egypt and £20,000 for Canada), to
shipments to the interior of Great Britain of £164,000
net, and to imports of £59,000, of which £53,000 were
from Australia and £6,000 were from Portugal.
The foreign exchange market, as already stated
above, partially reacted early in the week in consequence
of over importations of gold, but the tone grew easier
on Wednesday, mainly because of a lighter demand.
Bankers look for a liberal supply of commercial bills
against cotton in the near future, the movement of
the new crop probably being about three weeks earlier
than usual, and there should also be an increasing sup
ply of grain and provisions bills. It is probable that
the bulk of the sterling loans which have re
cently been made will mature during the next
month, but these can doubtless be renewed, so
that there will be no special demand for
exchange which cannot be freely met with com
mercial bille.
THE CHRONICLE.
September 5, 1896.]
379
On Saturday Baring, Magoii n &;'Co. reduced the
Result with Sub-Treasury operations and gold im
sixty day rate half a cent: the Bank of Montreal low ports.
ered both long and short half a cent, while the Cana
Into
Out of
Net Change in
Week SnMng Sept. 4,1889.
dian Bmk of Commerce reduced both long and short
Bantes.
Banks,
Bank Holdings.
one cent. No farther change was made by these bank Banks* Interior movementbaa above *8,885,000 $8,011,000 X033.54,146,000
ers on Monday, but Lazard Freres then reduced the long Sub-Treas. oper’ tns and gold irap’ ts 18,200,000 18,500,000 G-Ua. 2.700,000
Total gaM mid legal tendera......»OT,<N».0f>0 $2:1511.000 Boss -1,448,000
rate, while Heidelbaeh, Ickelheimer & Co. advanced the
Amount of bullion in principal European banks.
short rate half a cent. The market was firm at the
close, and compared with those on Friday of last week
Sept. 5,1895.
B snko/ !
^ • S' tSB«*
rates for actual business were half a cent higher at
Silver,
Total.
lota h
j Sold.
SUwr.
04 M.
4 824®4 884 for long, 4 844@4 844for short and 4 844®
|
£
£
£
£
*
. j 44,044,283
44.041,281 41,012.049
41.012.049
4 84| for cable transfers, while commercial bills were England.....
tr iu n e .......... 1 81,S4S,flSl 50,172,7 40 132.021,430 81.928,054 50,303,292 132.201,848
45,138.0>0 33.488,001 15.598,309 40.007.000
also half a cent higher. On Tuesday Brown Bros, ad Senaaoy, .. j » t«8sM»0
Aant.-0tsu*’y
KK> 112.847.000 41,513,000 21,385.000 13,217,00:- 34.532.000
vanced the long rate half a cant, while Lszard Freres Spain............ 8,812.000
10.510.000 10.0.32,100 8.004.000 11.900,000 19.904.000
moved long and short upward half a cent, and rates PfetberUoda.l 2,«J4,000 0,886,000 0,520.000 4.284 OW 6,9^,000 11.312.000
Kat. Belgium i 2,62-*.0W 1,314,000 3.012 000 2.758.001 1,384.000 4,152,000
for actual business were one-quarter of a cent higher Tot-lhli w l : - . i : U 7 •.>’,711.319 S35.S0WI3 lM,l7O.S0l!M.3l».«M 333.S30.9tS
37.44U31 :: >0,744,711 194.704,its 9».73'3,00j 393,410.548
for long at 4 884® 4 881, and forcible transfers at Tot-prar. w'k
4 84}®4 S3, while those for short, sterling were un
changed. The market was steady at the close. On
TH E GOLD IM P O R T S .
the following day Heidelbaeh, Ickelheimer & Go. ad
Perhaps.the
most carious fact in connection with
vanced the long rate half a cent, while Lizird Freres I
the
heavy
import
of gold this week and last is the
reduced short half a cent. The market was easier, but
skepticism
which
ba3
been so prevalent regarding the
while no change was made in rates for actual business
character
of
the
importations.
We have already dem
in long sterling, those for short were ’ reduced onequarter of a cent to 4 84® t 844, and the same reduc onstrate!, in our issue of August 88 (page 884), that
tion was made in cable transfers to 4 8U ® { 8if. On the fall in exchange an! the consequent import gold
Thursday the tone was quoted barely steady and neither engagements have been entirely normal and easily
nominal rates nor those for actual business were changed. explainable in well known facts of the commercial
Then these rates compared with those on Friday|of last situation. Nevertheless a portion of the press and of
week wore three-quarters of a cent higher for long, one- the public has psrsisted in ascribing the gold importa
quarter of a cent for short and half a cent for cables, tions to some mysterious action of a bankers’ syndicate.
while prime commercial and documentary bills ‘ were Jugding from the London financial cables and from
three-quarters of a cent higher, and this seeuud’ to sus the daily and weakly English newspapershand this
tain the view expressed by some bankers that cotton week, a similar suspicion has governed the minds of
bills were being temporarily withheld from the’ market. European observers. So careful an authority as the
Yesterday no change occurred in the rates for actual London E conom ist gave spaca in its issue of August 83
business, and the only change m posted rates was a to the conjecture that the gold imports might have
reduction of half a cent in both long and short by the been “ arrange! for” by the Syndicate as a means of
Bank of British North America. The close was barely “ safe-guarding the Treasury.”
No better testimony could be had to the extent to
steady. The gold importations; for the week, as well
which
ordinary jadgmont on Americau finance has
as the estimated amounts now afloat for this country,
baen
perverted
by the anomalous history of the last
have been Btated above. The followiug table shows
four
years.
We
are
within the facts in saying that if
the daily posted rates for exchange byjjsomejof the
any
critic,
between
the
specie resumption psrtoj. in
leading drawers.
1879
and
the
Treasury
note
inflation period after 1890,
B u t t r w T t o h k t m r o a ronisio* *xcBu»t®<s.
had assumed that imports of gold with actual sight ex
FBI.. MO*,,
Wriv, Toon., Fill., change at 4 84 were necessarily “ artificial," he would
*1.
SkVf. It *«*
a<*pt. t.
m
have been regarded, generally and quite justly, as a
&•»»» Bf.
■{&&*:
w* m U
e 8m5 foolish
Swing
theorist. The reason why such a theory fiads in
mn
m
i
ktkXOtm k Co... I l l ' l l " :
mi
£2
telligent listeners to-day is that our currency and credit
Sant Hrlsi.h
M
m
f flOrtsja, Hi
m
8
4
m
i
**•>. America... ) Sight.
MW SUM
w
have for five years been so thoroughly demoralized that
Rex* of
m
8*
84
S;•••'i*r«
*«w HiH
m
M o n l r w l .......... SSight...
m
'&
W
B
iS
a
sa
w
gM
foreign exchange has never fallen to the normal import
Canallan Bank
m
u
84
*4
84
« f Commerce.. Sight... *«W
RJ* Si* «■< saw ROW point. The westward gold movement, accompanying
HeMeltwen. trkm
m
(SltKXcr.er * Co. I t e :
85
mi
s 8* g* m\i
85
the decline in sterling when our grain exports began,
m
}«oa*rt
M
iMmrA State*.. f Sight,... s*
m
8
S
S*
» W was as regular a factor in this market prior to the
Merchant*’ Bit.
834
gw
*»W »mw m
mi
8
5
I & f c 81
8*
Silver-pnrchase Law of 1890 as the movement of legal
The market closed barely steady on Friday at 4 83® tenders westward and southward from New York in
4 84 for sixty day and 4 8S@4 8-54 for sight. Rates for the harvest season. In some years this natural gold
actual business were 4 88|®4 88f for long, 4 84®t 84± import movement was very large, in some it was rela
for short and 4 S4f®4 84f for cable transfers. Prime tively small—a difference governed in good measure by
commercial bills were 4 88®4 88f and documentary the export demand for produce. Bit it was always
considerable. Inthelong run it always fairly balanced
4 81*@4 81f.
The following statement gives the week’s movements the gold exports of the spring; a fact to which there is
money to and from the interior by the N Y . banka. no stronger testimony than the willingness of the New
York banks to supply depositors with gold for export
RtteipM by Shipped by
aVrf Interior
ivm» g » u n , m gu a. awe.
in
the spring and summer months. The banks
aV. r run** ,v, r . Bmk*
Movement.
ts.asa.oooi »7 .139.000 tjam *3.885,000 reckoned with perfect confidence that the gold
4MM..........
411.000,
S73.000 U m . m \ m t t
would return in the autumn import movement. It
..’ w l
« . » Kara) WMl.J.r*. . . . m m s .C K i »» ,o u .o o o
was only when, after the Treasury note inflation had
of
z
380
THE CHRONICLE.
VOL. LX JH .
become perceptible, the outward flow of gold became July alone was $15,787,169. This compares with an
continuous, even in the months of produce exports, excess of imported merchandise in July of 1895that the banks manifested alarm, ceased to advance amounting to $16,484,057. In other words, our for
their own gold holdings through the balance payments eign obligations on merchandise account were $32,at the Clearing-House, and therefore drove the sterling 271,226 lees in July of 1896 than in July of 1895. But
remitters to the redemption of legal-tender notes in the comparison is hardly less striking when made with
years prior to 1895. We have taken the trouble to
gold at the Sub-Treasury.
We have said already that the present gold import consult the July returns of foreign trade in every year
movement, accompanying a decline in actual sight ex as far back as 1882, and from these we find that within
change to 4 83£, is as natural a movement as the gold that period an excess of merchandise exports has never
imports of 1891, of 1885 or of 1879. There is no more but once occurred in July. The normal average mer
need now to assume the intervention of a “ syndicate” chandise movement of that month has been an
than there was in these earlier and normal years. Fur import excess of something like $8,000,000. Nor isther than this, we regard such published inferences or this one month’s favorable trade balance exceptional.
conjectures as not only careless, but at the present time The comparison is almost equally noteworthy between
extremely unfortunate. In certain quarters of the the foreign trade of June and May this year
country the air is full of political talk about and the same months in previous years. During
“ manipulation of markets” by the rich. It is the the seven months ending July 31 1896 our
commonplace of stump speech in such sections to excess of exported merchandise was $90,743,describe the panic of 1893 as deliberately contrived by 609, against an import excess of $21,219,092 for the
Eastern moneyed interests to punish advocates of the corresponding months of 1895. Certainly it would be
silver-coinage movement. Exactly the same descrip rather difficult to reason out from such comparisonstion is applied to the violent decline in prices of the “ artificial intervention ” of a syndicate. It is
securities last July.
To Eastern business men, quite true this favorable balance has resulted rather
familiar with the true causes and factors in the more from decreased importations than from increased
markets, such assertions seem hardly less amusing and exports—though both have played a part sufficiently
grotesque than the talk of imaginative children. Un noteworthy. But this very decrease in importations is
fortunately they influence votes, and we may easily a sign of economy and prudence which is ordinarily
picture for ourselves the readiness with which the the first step towards revival from hard times.
The influence of the money market has been equally
speakers would take possession of the theory that even
interesting.
During the whole year 1894, after the
the gold imports of the present autumn depended on
the favor of a banking combination. We propose, in preceding year of panic, the rate for call loans at New
order to put an end to any such distorted notions, to York continued almost without interruption at the low
show briefly and simply why the present movement is level of 1 per cent. It barely rose to 2 per cent
during the trade revival after the syndicate bond con
entirely natural.
That the theory of gold imports artificially “ ar tract of 1895. During the greater part of these two
ranged for ” is utterly without foundation, the very years there was literally no employment in our large
low rates of sterling are themselves the safest witness. commercial money markets for foreign capital, a
We did import gold “ artificially” last spring, with fact attributable, certainly not to increase in our
demand exchange as high as 4 89. The import was own loanable resources, but to absolute stagnation
“ artificial ” because it was made at such a rate and of demand. The inevitable result was a continuous
because it could not have been profitable to transfer to the foreign markets of accruing funds
the importers but for a premium of three- credited to our European investors. Tnis could be
quarters of one per cent or more offered done only through heavy purchases of sterling, result
here in New York for gold for subscriptions ing once more in a large outflow of gold. It wa3 one
on the Government loan of February. Similarly, we collateral result of last year’s operations as planned
have seen abnormal gold imports in 1895, with sterling and carried out by the Morgan-Belmont Syndicate
even higher; in 1893, with sight drafts bid for at 4 87 that through the very process of providing Syndicate
to cover purchase of gold in London. On all of these exchange to arrest gold shipments a large supply of
occasions sterling was either very high or was advanc capital, borrowed in London to supply exchange, was
ing rapidly, when the gold was engaged for import, added to the sum already overflowing the New York
and it was for this reason that the imports were called money market. Tnis was one reason why, even with
abnormal. This season s gold has been coming in with 1895’s decided trade revival, the local rate for money
sight exchange declining rapidly, even below the tradi failed to rise.
tional import point, and the decline continued in the
All other things remaining equal a slight advantage
face of last week’s largest gold engagements from the in the interest rate of one market over the rate pre
London market.
vailing in another will prove sufficient to draw capital
This explanation leaves as yet unanswered the ques from the easier money market and depress exchange in.
tion as to causes, but here the careful student of the the market where the money rate is high. Every day
markets will find no difficulty. Three potent factors these connected fluctuations in exchange and loaning
actively at work and united in operation now for the rates are visible between the European markets. Our
first time in at least five years give a satisfactory reply. own infatuated silver policy has made the margin of
The first of these is the favorable balance of foreign inducement larger. But it became apparent, even
trade; the second is the state of the local money five or six months ago, that a New York rate on
market; the third, a wholesome contraction of our call of 6 per cent or even less, with London discounts
legal tender circulation.
under one per cent, would cause a westward flow
To the factor of international trade balances we have of capital. Such has been the course of the interna
referred already in these columns. The excess of mer tional market since the acute phase of the “ silver
chandise exports from this country over imports in scare” was ended by the banks and the sterling houses
S eptember 5. 1896.]
THE CHRONICLE!
381
last July. The very fact that local capital was largely sought to protect, and not to force, the normal move
frightened out of the open money market gave the ment of American exchange.
London bankers their opportunity. Daring a fort
night past, call money has ruled in New \ork
at 8 per cent or over, with time loans even higher, H A V E P R I C E S D E C L I N E D F A S T E R T H A N
R A IL R O A D R A T E S ?
and for much of that period call loans in London
Perhaps no statement contained in any of Candidate
could bring barely one per cent. If there were,
under snch circumstances, no other explanation of Bryan’ s speeches was further from the truth than that
a fall in European exchange, sufficient motive made in his Madison Square address with reference to
would be obvious for lower rates than were rul the decline in railroad transportation charges. Mr.
ing a month ago in the fact that local importing Bryan sought to convey the impression, nay he
merchants with good credit abroad would have all pos actually affirmed, that railroad freight rates had not
sible inducement, instead of discounting their notes at declined in proportion to the fall in the prices of
8 per cent at a New York bank, to get extensions at 2 or commodities. It seem3 strange that he should have
3 per cent from their foreign creditors, and thus with allowed himself to fall into such an error, because the
facts in disproof of the statement are so easily within
draw their whole demand from the sterling market.
Since all competent economic critics admit that the reach, and hence its fallacy and absurdity can be so
excessive gold export movement since 1891 wa3 due to readily demonstrated.
We are glad to see that the subject is receiving
the overcharging of the currency with legal tender
issues, it follows, logically enough, that redaction of proper attention. The “ Railroad Gazette” in its issue
the currency over-issue would reverse the movement of of August 21 had a very good article with regard to
European exchange. It is true, the bond issues of it, and Mr. Poor, of Poor’s Manual, has contributed a
1894, with the subsequent presentation of legal tenders tabulation to the columns of the newspapers, Indicat
for redemption, withdrew from circulation 1117,000,000 ing how great the decline in freight rates has actually
of these paper issues. But the trouble was that been, treating the country as a whole. The question
so enormous a deficit prevailed in Treasury revenue has also been vigorously and convincingly discussed by
that the legal tenders thus withdrawn were almost im others, and Mr. F. B. Thurber has addressed an open
mediately thrown again upoa the markets in the shape letter to Mr. Bryan on the matter. The subject is such
of Government disbursements. Tnis year the Federal an important one that too much light cannot be thrown
loan of February was so much larger than either loan upon it, and in our discussion of it we shall pursue a
of 1894, and the revenue deficit up to the opening of somewhat different line of treatment from that fol
July so much reduced, that the contraction of sur lowed by other investigators.
plus currency became a real and potent fact. Between
The point whether railroad freight fates have or
August 1 1894 and August 1 1895 the country’s have not declined as fast as the prices of the things the
total circulating medium had been reduced (al agricultural classes have to sell might be considered as of
most entirely through recall of.papsr issues) only little consequence, except that the claim that they have
♦43,040,000. Between August 1 1895 and August 1 not is part of the general charge of oppression leveled
1896 the contraction was no less than 199,630,000. In against the Eastern investing and moneyed classes.
other words, however awkward and clumsy the method The capital to build the Western roads came almost
resorted to, the remedy for currency inflition has bean entirely from the East or from abroad.
The
at 1ist etTactively applied. It is therefore not illogical, ownership of the roads for the same reason
since the issue of the Treasury notes of 1890 was is lodged largely in the East or in Europe.
attended by wholesale expulsion of our gold, that their In the East, too, public sentiment is almost
partial retirement, even though hardly permanent, unanimous against the debasement of oar currency.
should serve to bring about an opposite remit.
The contention of the silver advocates is that prefer
8ach are the three very obvious factors in the situa ence for the gold standard in this part of the country
tion. They sufficiently explain why foreign gold is is dictated wholly by sordid or mercenary motives—a
now, for the first tima since 1891, coming freely in on desire to gain advantage for the Eastern moneyed
import, at the usual season and at the usual sterling classes at the expense of the producers of the interior.
rate. In the face of such conditions it argaes nothing As the roads are under Eastern domination, if freight
less than ignorance to talk of “ artificial movements," charges hare been maintained on a high basis while the
of “ forced importations ” and of “ syndicate manipu price of everything else has fallen, the fact might not
lation.”
unreasonably be regarded as showing that the owners
It would however be neither just nor historically of the roads had not been duly considerate of the inter
accurate to ignore the very substantial service rendered ests of the agricultural classes—albeit it would also
by the bankers at the opening of Jaly. Market condi show that these owners had pursued a very short
tions then were such that actual panic might very sighted policy, for it is as clear as anything can be that
easily have been precipitated, grave enough to offset in failing to mset the requirements of their patrons
all the remedial developments in progress on the mar the roads would be simply hurting themselves.
kets.
The real and very serious danger, after
The specific statement made by Mr. Bryan is that
the Socialistic outbreak in the Convention at “ railroad rates have not been reduced to keep pace
Chicago, was of a wholesale flight of capital with falling prices.” As this statement occurs in con
for refuge in another market, resulting in a gold nection with Mr. Bryan’s discussion of the “ Crime of
outflow which should have stripped our money mar 1873," it is evident that he intended it to apply to the
kets. This was averted by the allied bankers, largely changes in prices and in rates which have taken place
through their own public demonstration of confidence since the year 1873. Before undertaking to show just
in the Cnited States. The laws of trade and money what the changes have been it ssems proper to state
did the rest. Bat the achievement of the New York that even if technically Mr. Bryan’s assertion should
bankers certainly need not bs depreciate'! because they be true, which it most decidedly is not, it could not by
382
THE CHRONICLE.
[Von. LX III.
any means be taken as indicating that the roads had things being the same, if the crop is large the pricefailed to make proper concessions in relief of shippers will be low and if the crop is small the price will be
high. It hence makes a great difference in the compar
and the users of the roads.
The ability to grant concessions of course depends ison whether the present crop is a good or a poor one,
entirely on the margin of profit there is for such con and also whether the crop in the year with which we are
cessions. As it happens no industry has been in such a comparing was good or poor. Take for instance the
deplorable condition in recent years as the railroad in fluctuations in the price of cotton the last two yearsdustry. A few figures will serve to portray the situa For the year ending August 31,1895, the price of low
tion in striking outlines. Contrast, for instance, the middling upland cotton here in New York averaged
dividend account iD 1895 and 1873. In 1873, with no higher than 6 cents a pound. That was in large
only 66,237 miles of road in operation and only 1,947 part because the crop of 1894 had been of unprece
millions of stock outstanding (according to Poor) dented extent. On the other hand, for the year which
the amount paid out in dividends was $67,120,709. For ended on Monday of this week the average of the
tho year ending June 301895, according to the prelimi same grade was nearly one-third larger—that is, was
nary summary just furnished by the Statistician of the 7f cents. The improvement follows from the fact that
Inter-State Commerce Commission, with 180,657 miles the 1895 crop was a short one.
A way of avoiding to a great extent the disturbing
of road in operation and nearly five thousand millions of
stock (in exact figures 4,961 millions), the amount paid influence of this factor of large or small crops would
out in dividends was not quite one-third larger than seem to be to apply the price received to the yield per
in 1873, being $85,961,500, while the amount earned acre and then compare the resulting product. In goodin dividends was only $56,116,259, the difference of crop years the price may be low but the yield will be
$29,845,241 representing the deficiency for the year ; large, in poor-crop years the price may be high but the*
and we may-say that in 1893-4 the deficiency was still yield will be small. By the method proposed the
larger, being then $45,851,294. In other words, with differences are as far as possible equalized. The
nearly three times as much road and 2-J times as much method also ha3 the advantage of showing approxi
stock outstanding, the railroads of the United States mately what the producer has realized for hie
in 1895 earned $11,004,450 less for their stockholders product, which after all is the crucial point. In
the table nov to be given we have followed this plan
than they did twenty-two years before, in 1873.
Obviously, in the face of such results the plea ought in the case of cotton, taking the crops of the last two
to be for higher and more remunerative rates rather years and comparing with the crop years 1873 4 and
than lower rates. And such a plea becomes quite im 1874-5. The yield per acre is that as given in our
perative when it is seen that so far from the reduction annual Crop Beports for the different years. The pricesin freight charges having failed to keep pace with the which we have applied to these yields per acre are not
decline in prices, the unfortunate and unsatisfactory those ruling in the New York market, but those re
state of the railroads is directly traceable to the fact ported by the Agricultural Bureau at Washington as
that transportation charges have declined proportion ruling on the plantations. Here is the table.
ately too fast; in other words, that rates have gone
1895-6. 1894-5. 1874-5. 1873-4.
down more than they should have gone, having proper Price of cotton per pound) ? .6 t 4*6 cts. 14*5 cts. 16*0 cts.
on plantations................. \
regard for the interests of those having their money Yield per acre ....................... 194 lbs. 239 lbs. 151 lbs. 169 lbs.
invested in the properties.
Value of product per a cre. . $14 74 $1100
$3190
$27 04
In order to determine how the reduction in transpor
tation rates compares with the decline in prices, it is Value in g o ld ........................... $14 74 $11 00 $19 55 * $ 2 4 81
necessary to know what the extent of the decline in
Thus we see that the planter realized approximately
prices has been. Of course the decline varies for $14 74 per acre on the late year’s crop and $11 00 on
different commodities. It would not be difficult the previous year’s crop, against $21 90 on the crop of
to name articles raised on the farm where there 1874-5 and $27 04 on the crop of 1873-4; the latter
has been little or no fall in price since 1873. But we two amounts being reduced to $19 55 and $24 81 re
shall not base our arguments on these. We shall con spectively, when the then prevailing currency prices
sider the situation in its most unfavorable aspect, se are brought down to a gold basis. We are inclined to
lecting for purposes of •omparison three leading crops, think that the figure for 1894-5 at $11 00 is below the
wheat, corn and cotton, and confining ourselves en amount actually realized by the planter on that crop,
tirely to these. We take these three staples because because the plantation price at 4'6 cents would seem too
the decline in them has undoubtedly been low when we recall that the average of low middling
greater than in any of the other large products of the uplands here in New York for that crop year was 6agricultural classes; because they play such a promi. cents per pound. Probably the amount received by the
nent part in our export trade; because they are the planter was nearer $12 00 or $13 00 per aor e.
most important crops which the farmer raises, wheat
It is rather interesting to note that if we take the
and cotton being distinctly “ money crops;” and return for the latest year and compare it with the
finally because the welfare of the farmer and the return for 1874-5, the difference is found to be much
planter largely depends upon the situation as to these smaller than would be expected. In the earlier year
crops. If the former high prices for the three staples the plantation price was 14| cents, but the yield was
mentioned, or at least only for wheat and cotton, could only 151 lbs per acre; in the late year the price was
be obtained, ground for complaint on the part of the only 7*6 cents, but the yield wa3 194 lb3., notwith
producers would almost entirely disappear.
standing the crop was a short one. As a consequence
What then has been the fall in the prices of wheat, the amount realized per acre was $14 74 in 1895-6
cotton and corn ? In attempting to answer this ques against $19 55 on a gold basis in 1874-5. Nor would
tion correctly, a disturbing element exists in the fact the comparison be more unfavorable to 1895 6 if we
that in any given vear the yield or size of the crop will took the year following 1874 5, that is 1875-6. Hence
play a very important part in fixing the price. Other the decline in the interval of twenty and twenty one*
fHE
September 5, 1896.]
< HR0N1ULE.
388
years has been less chan one-quarter. In partial off
set, moreover, to this loss, the planter is now able to
sell his seed and possesses advantages in other ways
which he did not have at the earlier period.
For the purposes of this article, however, we shall
not take this favorable comparison, b]jt compare with
the crop of 1873 and take the currency return per
acre for that, since the freight rates of the railroads
were also on a currency basis at that time. The de
cline in this period has been from an average of #27 04
per acre in 1873-4 to an average of #14 74 per acre in
1895-6, the shrinkage being 45 per cent. Now let us
see what the decline in the return to the Western
farmer has been in wheat and corn in the same inter
val. In this case we have the results as given by the
Agricultural Bureau, and therefore do not need to
make our own computations. The following shows
the value of the yield per acre in 1873 and in 1895 of
wheat and corn; the figures already given as to cotton
are brought forward in the same table. We present
first the comparison with the currency prices of 1873
and then with the equivalent in gold.
V A L U E or Y IE L D P E R A C R E O X T H E P A R R .
redaction at all intermediate points, since Chicago forms
the basiog point for the whole schedule of tariff rates
in trunk-line territory. And the entire saving of 19
cents a bushel on wheat and 18f cents on corn inures
to the advantage of all shipments from points west,
northwest and southwest from Chicago. Every farm
er at such points in shipping to the seaboard saves
the amount stated, and in addition whatever reduction
has occurred in rates from such points to Chicago.
This latter reduction it i3 not possible to measure,
since in a great many sections no railroad facilities at
all existed in 1873 and comparison would have to be
between the cost of moving grain by farmers teams
twenty-three years ago and moving it now by railroad,
the difference of course being tremendous.
It being established that railroad freight charges on
grain have declined proportionally very much more
than the price of grain, let ns pass to a consideration
of the decline in rates in general. The average rate
received per ton per mile must of course be the basis
of comparison in this case. Mr. Poor, in the letter
already referred to, gives the following as the averages
for the whole railroad system of the country.
Currency.
Crop o f 1895.
Wheat..........................
$6 99
Corn...................
6 91
Cotton..........................
14 74
Gold.
Wheat..........................
$6 99
C o m ........................
6 91
Cotton..........................
14 74
,----------Average per ton per mile.----------,
1895.
1873.
Decline.
Whole United States. ,0 -839 cts. 2-210 cts. 1-371 cts.—62 p.o.
Crop o f 1878.
Decline.
$14 59
$7 60—53 p.ct.
11 41
4 50—39 p.ct.
27 04
12 80— 45 p.ct.
$13 39
10 47
24 81
The wheat crop of 1895 it seems yielded the farmer
a return of only $6 99 against $14 59 in 1873, and the
corn crop a return of $6 91 against $11 41. On a gold
basis, for both periods, the return now is $6 99 against
$13 39 for wheat, and $8 91 against $10 47 for corn. Dis
regarding the item of gold premium in 1873, the decline
in the twenty-two years to 1895 has been, roughly, 52
per cent in the return on wheat, 39 par cent in the
return from corn and 45 per cent in the return from
cotton.
With these heavy ratios of shrinkage in the returns
to the farmer and planter, what has been the reduction
in railroad freight rates in the same period? Here are
some figures on that point taken from the records
kept by the Chicago Board of T rade; they show the
freight charges by rail from Chicago to New York in
1895 and in 1873. The rates are not those in effect at
any particular date in those years, but the averages for
the whole twelve months in each case, making the
comparison quite valuable and conclusive.
r R E io ir r
charge
*
bt
r a il
. Ch
ic a g o
to
The result here is almost precisely the same as in the
the rates on wheat, the average per ton per
1895 being only about one-third that for 1873
—that is, being only 8*39 mills per ton mile against
22-10 mills, a decrease of 62 per cent. The decrease
in this instance is more remarkable than in the other,
because in the interval since 1873 considerably over a
hundred thousand m leg of road have been added to
the railroad system of the country, much of it in
sparsely settled districts, with only a thin traffic and
on which therefore the rates must be higher than else
where. That the general average for the country
should have so largely and steadily declined in face of
the large additions in this way indicates how very de
cided and striking has been the redaction in the oldor
sections.
All the various geographical divisions of the country
tell practically the same story in this respect. A few
illustrations will serve to make this clear. Subjoined
is the record for three leading New England roads.
The rate ou the Boston & Albany, it will be seen, has
declined from 1*96 cents per ton mile in 1873 to 0*97
cent in«1895, on the Fitchburg from 3*77 cents to 0*87
cent, on the New Haven from 3*78 cents to 1*66 cents,
the ratio of decline ranging from 51 to 77 per cent.
$6 40—48 p.ct.
case of
8 56—34p.ct.
10 07—41p.ct.
mile in
xe w
to r e
.
A v. fo r CaTtTr Year. 1895.
1873.
Decline.
Wheat, per bushel.. . ll-89ct*. 8102cts. 1913cts.—62p.e.
Corn, per bushel..........10-29ct». 28*98 cts. 18‘64 cts.—64 p.c.
Let the reader note that the average charge for trans
porting a bushel of wheat from Chicago to New York
in 1895 was only 11-89 cents, as against 31*02 cents in
1873, a saving of over 19 cents a bushel, and the aver
age charge for transporting a bushel of corn was only
10*29 cents, against 28*93 cents, a saving of 18$ cents a
bushel. In other words, the charge in 1895 was but
little more than one-third that of 1873. The value of
the wheat product per acre since 1873, we have seen,
has fallen off 52 per cent and the valneof the corn product
39 per cent, bnt the freight charges for wheat are thus
shown to have shrunk 62 per cent and for corn 64 per
cent. IIow baseless therefore Mr. Bryan’s assertion
that "railroad rates have not been reduced to keep
pace with falling prices.”
Though the rates given are merely those from Chicago
to New York, proportionately there has been the same
Aver, per ton mile.
1895.
1873.
Boston « Albany............. 0-97 ct. 1-96 cts.
Fitchburg ......................... 0-87 ct. 3-77 cts.
N. Y . New Hav. & Hart..1-66 ct. 3-78 cts.
Decline.
0-99 ct. —51 p.c.
2-90 cts.—77 p.c.
2-12 cts.— 50 p.o.
Taking now the leading trunk lines, the average on
the Pennsylvania has dropped from 14*43 mills to only
5*63 mills, on the New York Central from 15*70 mills
to 7*30 mills, on the Lake Shore from 13*35 mills to
5*61, and on the Illinois Central from 22 mills to 8*08.
The percentage of decrease ranges from 54 to 63 p< r
cent, as follows.
Aver, per ton mile.
1895.
1873.
Decline.
Penns.. Eastern lines.0*568 ct. 1*448 cts. 0-880 ct. —61 p.o.
New York Central___ 0-730 et. 1570 cts. 0-840 ct. —54 p.o.
Lake Shore.........................0-561ct.1*835 ote. 0-774 ct. —58 p.o.
200 cts. 1-392 cts.—63 p.o.
Illinois Central.............0-808 ct. 2-
In the Northwestern section the St. Paul i3 down
from 2*50 cents per ton mile to 1-07, the North West
ern and Rock Island respectively from 2*35 cents and
2*29 cents to 1*14 and 1*05 cents.
THE CHRONICLE.
384
fVoL. LXIII.
We may be permitted to say, too, that the commit
tee made a wise choice. Mr. W. G. Purdy is a per
son of note in the railroad world, being now and hav
ing been for years Vice-President, Secretary and
Ia the Sjuch the average on the Chesapeake & Ohio
Treasurer of the Chicago Rock Island & Pacific R ailis less than one quarter what it was in 1873, the rate
way Company. No one will be surprised to hear that
now being only 4-25 mills against 21‘90 mills, and the
Mr. Purdy fiads from his examination that “ the ac
declines on the Louisville & N ashville and Mobile &
counts of the company are kept in a complete and
Ohio are hardly less striking.
business-like manner/’ and that the facts set forth in
Aver, per ton mile.
1895.
1873.
Decline.
Louisv. & Nashv.......... 0-846 ct. 2-210 cts. 1364 cts.— 82 p.c. the annual report, including balance sheet, income ac
Mobile & Ohio...............0-880 ct. 3-830 cts. 2-950 cts.— 77 p.c. count, statements of earnings, expenses, operations and
Chesapeake & O h io .. .0-425 ct. 2-190 cts. 1-765 cts.— 81 p.c.
other statistical information, “ are absolutely correct.”
Nor are the trans-Continental lines exceptions to the Of course, considering that Mr. George Coppell is Chair
rule. The Southern Pacific on its Pacific system got man of the Board, that M\ E. T. Jeffery is President
an average of only 1-260 cents ia 1895 against 3-675 in of the company, and that Mr. Stephen L;ttle, who ha3
1873; the Union Pacific but 0-955 cent against 2-170 gained such a wide reputation as an expert accountant,
cents.
is Comptroller, testimony to that effect was hardly re
Aver, per ton mile.
1895.
1873.
Decline.
Still, as the management have made an inde
South. Pac.. Pac. Sys.1-260 cts. 3-675 cts. 2-415 cts.—66 p.c. quired.
Union Pacific.............0-955 ct.
2-170 cts. 1-215 cts.= 5 6 p.c. pendent audit (so as to secure the judgment of outside
It is not necessary to carry these illustrations any parties on the company’s methods and accounts) a fea
farther. Ia none of the numerous case cited, it will ture of their policy, it is pleasing to kiow that ths re
be seen, has the decline been less than fifty per cent, sult has been in accord with expectations, and that no
while in some instances it has run as high as eigh y flaw or irregularity has been discovered.
per cent, proving conclusively that Mr. Bryan is as
As to the showing for the year, it is quite encourag
iar astray in his statement regarding the decrease in ing. The Denver was the first to feel the unfavorable
freight rates as he is in his deductions and reasoning conditions which developed in 1893 ; and because its
concerning the effects of the free coinage of silver.
lines are situated in Colorado, and that State has in the
past been so largely dependent upon silver mining, the
road suffered more severely from the depression in that
T H E D E N V E R d R I O G R A N D E P R O P E R T Y . industry than any other system—its gross earnings in
The annual report of the Denver & Rio Grande Rail 1893-94 having fallen off nearly one-third and its net
road Company is an interesting document, both be earnings considerably more than a third. But recovery
cause of the favorable character of the exhibit for the began almost immediately and has made steady progress
year and the conservative methods of management since then. In the late year there was a further increase
which it discloses. At the outset we wish to direct in the gross of 1634,346 after an increase of $440,797 in
attention to a feature which may otherwise escape the preceding year, making a total recovery in the two
notice. On page 12 of the report will be found a years of over a million dollars, and a further
“ certificate of the examining auditor.” Such a certifi iccrease in the net of $276,778, after an in
cate is by no means a novelty in the case of this com crease of $422,136, making for the two years almost
pany. Tne practice of having an auditor s examina $700,000. Commenting on this gain, President
tion of the accounts has prevailed with the company Jeffery well says that it indicates a constant improve
for about a decade, or during the whole of the period ment in and development of the districts traversed by
since the reorganiz ition of the property. But in all the system, and evidences unmistakably the recupera
this time the same name has been attached to the cert tive power of the S ;ate of Colorado. He calls attention
ificate, Mr. Charles Wheeler having been the examin to the fact, already adverted to, that the system sustained
ing auditor. Now we find a new name, that of Mr. the greatest percentage of decrease ia gross earnings of
G. Purdy.
any important system in the country during the fiscal
The change is significant because of the renewed year 1893 94, and that its revenues are still below
evidence it furnishes of the desire to satisfy security normal figures. “ B a t ,” he goes on, “ when it i3 borne
holders and the public as to the accuracy of the ac in mind that Colorado has an area about equal to the
counts. We believe that in England, where .the prac States of Illinois and Iowa together, and that the Den
tice of having an independent audit originated and ver traverses half of this large territory, the population
where the use of the system is insisted on, it is not the of which is a little less than 10 per cent of the two
custom to change the auditors each year, the stock other Spates named, it will be seen that in energy and
holders generally selecting the same accountants year recuperative power Colorado is not behind her sister
after year. Bat it is easy to see that the system is States, and that her future is full of promise.”
given added value and i3 raised to its highest state of
The actual amount of the net for the year, after
usefulness where the auditors are varied, if not ever? deducting operating expenses, was $3,202,406, and the
year, at least onca every few years. The more persois income from investments increased the sum to $3,259,that pass on the accounts of a company (supposing 741. Taxes and charges aggregated $2,424,782, leaving
they do their work thoroughly) the greater the safe a surplus of $834,959 for the year, an increase of
guards afforded and the greater the measure of protec $306,269 over the surplus for the year preceding. Out
tion thrown around the interests of the property. of this surplus two dividends of one per cent each
Probably it was this feeling that induced the commit were declared, calling for $473,000, and $143,567 was
tee appointed at the annual meeting of the sharehold contributed towards the cost of 783 new ears added to
ers last October to select “ an experienced and disinter the stock of equipment during the year. Over and
ested” person to examine and verify the accouats, to above both amounts there rem lined a balance of
go outside the beaten track and call to their service $218,392 on the operations of the twelve months, which
an entirely new man.
was carried to the credit of profit and loss.
Average per ton mile.
1895.
Chic. Mil. & St. P a u l.. .1-07 cts.
Chicago & No. W ............ 114 cts.
Chicago Rock Isl. & Pac.105 cts.
W.
1878.
2'50 cts.
2-85 cts.
2-29 cts.
Decline.
1 -43 cts.— 57 p.c.
1-21 cts.= 51 p.c.
l -24 cts.— 54 p.c.
S e p t e m b e r 5,
1896 .J
THE CHRONICLE.
This surplus is equal to nearly one per cant on the
♦23,650,000 of preferred stock outstanding, besides
which, as we have seen, the company used 1113,567 of
the year's income in the purchase of new equipment,
the two amounts together being equal to over 1-J- per
cent on said preferred stock. In addition 2 per cent
was actually paid ou the preferred shares out of the
year’s earnings, so that altogether the amount earne i
for the stock was about 3^ per cent. The result is the
more noteworthy because, as Mr. Jeffery has noted, the
revenues of the company have by no means got back to
normal figures. For notwithstanding the recovery of
a million dollars in gross and of nearly ♦700,000 in net
during the last two years, the gross for the late twelve
months was 1 } million dollars below the amount for
1892 3 and the net ♦833,000 below what it was in that
year.
It appears, too, that with this favorable showing the
condition of track and equipment was materially
strengthened through the outlays made for repairs
and renewals and charged to expenses.
Aggre
gate expenses were $4,318,780, against ♦3,991,212,
being an addition of ♦357,568, or about 9 per cei t.
But examination of the accounts shows that nearly
two-thirds of the increase occurred in the expenditures
on plant and equipment, reflecting a liberal policy in
that respect. For maintenance of way the expendi
tures were ♦978,641, against ♦820,720, giving an in
crease under that head of $157,920, or almost 20 per
cent. Actually the increase was much larger than this,
for in repairing damages by washouts and clearing
away snowdrifts and landslides there was a saving as
compared with the previous year of $69,108.
It
follows that the increase in the other items
of expenditures for maintenance of way was
♦227,028.
For rails alone $136,583 was spent,
against only $31,506 in 1894-5. Looking next at
the expenditures for maintenance of structures, we
find the amount was $185,743 in 1895-6 against $144,137 in 1894-5, an increase of $41,606, or nearly 30 per
cent. In the expenditures for maintenance of equip
ment the ratio of increase was more nearly normal, the
outlays having been $423,754, against $398,310, the
increase thus being about 6J percent. But in addition,
as we have shown, the company appropriated $143,567
out of surplus earnings in part payment for a large
amount of new equipment.
The emallest percentage of increase Is that in the
cost of conducting transportation, the expenditures
under this head having been $2,302,145, against
$2,188,764, so that the addition was $113,381, or only
a little over 5 per cent. A saving in this class of
expenditures can be effected without detriment to the
property, and indeed shows true economy in opera
tions.
With reference to the new equipment added, as men
tioned above, the total cost of the 783 new oars pro
vided was $387,867, and the company paid for them in
cash without adding the cost to the book value of the
equipment. In other words, while the stock of equip
ment has been materially enlarged, the cost on the
books stands the same as a year ago, or rather, there
has been an increase in it of only $10,070, this latter
representing the value of certain equipment acquired
with the purohase of the Santa Fe Southern RR. re
ferred to below. Another important fact deserves to
be noted.
We have state! that the 783 cars
were paid for in cash.
The
money for the
purpose was provided to the extent of $143,567
385
out of surplus earnings, as sec out above, and
of the remainder $225,000 came out of the Special
Benewal Fund, and $19,300 out of the Equipment
Renewal Fund. It is a remarkable fact that the
principal of the Special Renewal Fund has been drawn
down only $14,000, notwithstanding this large appro
priation for new equipment. Of course the explana
tion is that enough additions were made to the fund
to keep it almost intact; to be specific, $215,000 of
the company’s general mortgage 4 per cents, issued in
1893 on account of the construction of a new branch
and since then carried as a treasury asset, were trans
ferred to the credit of that fund. The whole matter
illustrates the company’s excellent system of book
keeping and the careful and conservative way in
whioh the property is being managed.
The amount at credit of the Renewal Fund June 30
1896 was $437,517, and as it existed in the shape of
cash or marketable securities, the company has that
much available for providing further additions to the
equipment.- The report states, however, that the late
year’s addition, it is believed, will be sufficient to meet
the demands of traffic for two or three years to comeA fact with reference to the character of the equip
ment mentioned by President Jeffery is worth atten
tion. Mr, Jeffery says that exclusive of narrow-gauge
equipment and of standard-gauge caboose or conduct
ors’ cars, construction and tool cars, snow plows, &c.,
the company now owns 3,222 standard-gauge cars
for freight traffic, each with a carrying capacity
of 60,000 lbs., which he states is considerably
in excess of the avorage carrying capacity of freight
c»rB belonging to other Western systems-of railway.
He finds from a computation which he has made that
the average capacity per car of over 100,000 freight cars
belonging to six large Western systems is about 40,000
pounds. It follows that the 3,222 cars belonging to
the Denver have an aggregate capacity eqml to 4,800
of the average cars belonging to the systems reftrred to.
The maximum weight of rails in the track was
raised during the year from 75 pounds per yard to 85
pounds, and a page diagram is given in the report to show
in a graphic way how the weight of rail in the track
has been steadily raised from 30 lbs. in 1871 to 85 lbs.
in 1895. The whole of the cost of rail renewals, includ
ing the excess weight of new over old rails, was charged
to operating expenses. It is pointed out that where
85-pound steel is used in three-rail track (that is where
there is a third rail) the middle rail for the narrow
gauge equipment is 65 pounds, making the total weight
of steel per lineal yard of track 235 pounds. Probably
no other railroad, says Mr. Jeffery, has so great a weight
of metal per yard of single track.
The Santa Fe Southern, a small road extending from
Espanola to Santa Fe, was acquired during the year
and reorganized as the Rio Grande & Santa Fe. Pay
ment for it was mainly in Rio Grande Southern bonds
owned by the Denver ($273,000 being used for this
purpose), and the Denver holds the road free from
debt, no bonds having been issued upon it. The reor
ganization of the RiO*Grande Southern was also carried
out during the year, and it is stated that every bond
holder, stockholder and creditor assented to the plan.
As the Denver has a very large interest in the property
(it holds $2,255,600 of the $4,510,000 stock outstand
ing and $1,961,000 of the $4,510,000 bonds), it is grati
fying to find that, as in the case of the Denver
itself, results of operations for the late year were very
satisfactory. The net income for the twelve months
866
was $235,002, the requirements for taxes and charges
only $168,896, leaving a surplus balance of $66,706. In
the charges interest on the $4,510,000 is calculated at
3 per c e n t; after January 1 1898 the bonds will bear
4 per cent, increasing the requirements $45,100 per
year.
The Rio Grande Southern held on June 30
1896 $97,875 of cash, an amount nearly sufficient
(without counting other current assets) to provide for
the taxes and interest on bonds which had accrued up
to that date, amounting to $99,244.
Clearings by Telegraph.—Sales of Stocks, Bonds, &e. —
Stock Exchange Clearing-House Transactions.— The sub
joined statement, covering the olearings for the current week,
usually appears on the first page of the C h r o n i c l e , but
on account of the length of the other tables is crowded out
once a month. The figures are received by telegraph from
the leading cities. It will be observed that as compared with
the corresponding week of 1895 there is a decrease in the
aggregate of t l ’5 per cent. So far as the individuil cities are
concerned New York exhibits a falling off of 10'6 per cent,
and the losses at o'her points are: Boston 7 -0 per cent, Phila
delphia 17 3 per cent, Chicago 8'9 per cent, St. Louis lO'l per
cent and New Orleans 10‘2 per cent. Baltimore records a gain
of 8'5 per cent.
W eek Ending September 5.
OLBABTNGS.
R eturns by leltgraph.
1890.
P e r Cent.
1895.
N e w Y o r k .....................................
B o s t o n ................................ ..........
P h ila d e lp h ia ......... .......................
B a lt im o r e .....................................
C h ic a g o .......................................
S t. L o u i s ......................................
N e w O rle a n s ...............................
$39 4,13 0,3 64
59,190,170
48,808,872
11,055,952
65,067,290
17,768.040
5,044,005
$140,820,447
63.634,447
59,094,062
10,048,309
71,430,275
19,767,302
5,617.984
-1 0 -0
—7*0
-1 7 * 3
+8*5
-8 * 9
-1 0 * 1
-1 0 * 2
S e v e n c it ie s , 5 d a y s .........
O th e r o itie s , 5 d a y s ...................
$001,131,305
107,493,279
$370,024,826
110,237,614
-1 0 3
-7 5
T o ta l a ll c it ie s , 5 d a y s —
A ll c it ie s , 1 d a y ..........................
$703,624,581
131,463,271
$786,202,440
163,094,973
-9 9
-1 9 4
T o ta l a ll o itie s f o r w e e k ..
$34 0,08 7,8 55
$ 9 1 9,35 7,4 18
—11*5
Another table, our usual monthly detailed statement of
transactions on the various New York Exchanges, has also
been crowded off of the first page. The results for the eight
months of the current year are, however, given below and
for purposes of comparison the figures for the correspond
ing period of 1895 are also presented.
Eight M onths, 1896.
Description.
P a r Value
or Q uantity
A ctual
Value.
E iih t Months, 1895
Aver'ge P a r Value
Price. or Q uantity
A ctu a l
Value.
A ver’ge
P rice.
35,378,075
42.516,79.3
s to c k | Yai8; $3200532433 |2172383172 66*0 j $4,090,646L55 [ 2414461213 59*0
$3 38,850,480 $235,128,347 69*4
R R . bon d s.. 1232,131.070 $106,741,842 71*8
G o v ’t bonds $21,5<'6,750 $24,844,429 115*5
$5,871,450
$6,751,791 115*0
$8^9,525 54*1
$1,043,000
$4,739,600
State bonds
$1,872,151 39*5
$671,8)6 168*5
$398,800
Bank stocks
$364,010
$693,606 105S
T o t a l .... $3546211053 $2,365530814 06*7
29,588.100 $1,1023206-0 $37*26
C o tto n ..b is .
G rain, bush. 719,950,205 $170,002,203 05MC.
T ota l value.
$4,440,491701 $2,058815133 59*9
26,103,900 $873,823,235 $33*47
1,493,349,228 $999,698,081 66 1-3C.
1*3937853687
*1,523336154.1
The transactions of the Stock Exchange Clearing-House
from August 24, down to and including Friday, Sepcem >er 4.
also the aggregates for January to August, inclusive, in 1896
and 1895 are given in tabular form below.
■TOOK BX0H AH G8 CU.B4BtKG HOGSB r B 4 * S 4 n i-t o > « »
1895-
—Shares, both, sides.—* ---------Balances, one side------- Sheets
Cleared, Total Value, 8hares. Value Shares. Oash. Cleared
January..
13.593.600
February.. 12.030.600
M arch....... 19,057,700
A p r i l ......... 15,799,200
28,220,100
J a n e ......... 17.366.600
J u ly ........... 22,270,400
A u g u s t ... 18,349,100
896,200,000
762.100,000
1,207,500,000
l,00t,800,000
1.603,100,000
1,101.2)0,000
1.457.975.000
1.281.700.000
1,091.000
997,500
1,493,600
1,710,500
3.151.900
2.070,100
2.345.900
1,975,200
8 m o s -... U6.683.2oO 9,314,875,000
14.835,700
......
1 S »«-
Jaauary... 15 2 )8.500
Febru ary. 17.004.900
M arch....... 16.675.COO
April.......... 14.632.200
■*»r........ 10.291.600
J u n e ......... 15.489.600
July ........ 2l.l~H.300
A u g u st...
16.637.200
8 mos .
A n g .2 4 ..
967.700.000
1,068,600,000
1,066,600,000
984.000,000
750.800.000
1.182.400.000
1.396.500.000
1.081.900.000
127.117.3 >9 8.450.500.000
815.600
474,300
427.900
436.400
399,700
52.900.000
32.400.000
24.400.000
28.200.000
25.200,000
1,«U,200
1.906.500
1.631.500
l ,ft89,100
1,122,000
1,694,100
1.908,000
1,301,700
13.767.700
63.700.000
55,000,000
85.400.000
94.500.000
162.900.000
114.500.000
132,400,500
127,000,000
1,483,100
1,133.500
1,926,400
1,399,300
2,157,200
1,514,600
2,101’, 100
1,993,300
6.434
6,515
6,540
6.434
7,391
6,402
6,939
6,792
835.400,600 13,738,500
52,447
88.400.000
106,30 ',000
91,000,000
99.600.000
6 ). 1(0.000
95.900.000
107.500.000
69.600.000
1,445.000
1,864.400
1,452,800
1,233,300
923,800
1,325,500
1.866.2)0
1,600,8)0
6,876
6,261
6,811
6,468
5 732
6,367
0,9)6
6,283
727.100.000 11.211.80)
5L799
58.000
37,700
40,800
3 2,900
34.000
3.400.000
2.200.000
1,800,000
1,800.000
1,800.000
Tot. wk.. 2.553.900 183,100.000 203,400
IFklastyro,258.490 3 >5.900.000 590,000
A u g . 3 1 . . 875,600 73,800,000
68.000
Sopt. 1.. 862,600 58,800,000
72,600
44 2.. 528,600 33,000,000
42.000
44 3 .1,100,001 72,800,0)0
93,500
44 4 .. 862,400 57,300,000
78,300
Tot. wk..4,229,200 295,700,000 354,400
Wkla3tyr5,036,700 310,600,000 619,000
11,000,000
33,500,030
3,500.000
4.100,000
2,300.000
5,200,000
4,400,000
44
“
44
41
[VOL. L X III,
THE CHRONICLE.
25..
26 .
27..
28..
5 7,700
40,600
2 7,801
28.800
27,400
3\
233
271
279
2 30
182,100 1,423
546,000 1,642
113,500
316
76,9)0
30 4
41,000
879
110,300
325
54,800
314
19,500,000 396,500 2 138
32,700,000 430,200 1,373
The stocks cleared now are American Cotton Oil common ,
American Sugar common, American Tobacco common, A tch
ison, Central of N. J., Chesapeake & Ohio, Chicago Burlington
& Quincy, Chicago Gas, Chicago Milwaukee & St. Paul com
rnon, Chicago & North Western common, Chicago Rock Island
& Pacific, Delaware & Hudson, Delaware Lackawanna &
Western, Distilling & Cattle Feeding, General Electric, Lake
Shore & Michigan Southern, Louisville & Nashville, M anhat
tan, Missouri Kansas & Texas preferred, Missouri Pacific, New
York Central, New York Lake Erie & Western, New York &
New England, New York Ontario & Western, New York Sus
quehanna & Western preferred, Northern Pacific preferred,
National Lead common, Philadelphia & Reading, Southern
Railway common and preferred. Tennessee Coal & Iron, Texas
& Pacific, Union Pacific, United States Leather common and
preferred, United States Rubber common, Wabash common
and preferred, Western Union and Wheeling & Lake Erie
common.
5|lcrttjetaEgl@anxmerctaX5E;ttgli6TtHlcms
(F r o m o a r o w n c o r r e s p o n d e n t .!
L o n d o n . S a t u r d a y . August 23, 1896.
Business continues exceedingly inactive on the Stock Exchang in consequence of the rumors that nearly half the New
York Associated Banks hold reserves under the legal minimum,
and that ODly about six or eight hold considerable surpluses
that in consequence gold is about to be sent from London to
strengthen the banks, and that preparations are being made
by the Clearing House Association for the issue, if necessary,
of Clearing House certificates.
As yet the money market here has been very little affected
although bankers are more cautious in the discounting of
bills. Naturally, the general public is holding aloof from the
market, but some bold operators continue to buy American
securities on every fall. Upon the whole, however, the
dealings are very restricted and for comparatively trifling
amounts.
On the other hand, the official announcement that the Czar
will arrive in Vienna early next week has made a very good
impression on the Continental bourses, and has given more
confidence to London likewise. From Vienna he will go to
Germany and be present at the military manoeuvres; thence
he will visit Copenhagen.
From there he will visit the
Queen at Balmoral, and will arrive in Paris at the beginning
of October. From Paris he will go to Darmstadt, so that he
will be absent from Russia altogether nearly two months. It
is naturally concluded that he would not leave Russia for so
long a period if he were not sure that the European peace
will be maintained.
Respecting Crete, Macedonia and Armenia, the most con
flicting rumors are in circulation. A few days ago it was
very generally believed that Russia and England had nearly
arrived at an understanding; this is now denied, especially in
France and Germany, but apparently the proposal to block
ade Crete has been finally rejected and the best opinion
seems to be that Russia is coming round to the English view
that a considerable amount of autonomy must be granted to
the island.
The operations against the Matabele are still being dragged
out, but those who know South Africa best are very confident
that the end of the insurrection is close at hand. The news
from the Transvaal, too, is very encouraging. The “ Times” has
been publishing statements to the effect that the Transvaal
Government intended to throw overboard the London Con
vention. The statements have been officially denied, and
Mr. J. B. Robinson, one of the greatest of the South African
mine-owners and a personal friend of President Kruger, has
written to the “ Times” pledging himself that there is no truth
in any of the rumors.
The rates of interest and discount, as already said, have
moved up but very little, and the silver market is decidedly
weaker; still, the India Council sells its drafts favorably.
This week the average price obtained was a trifle over Is. 2d.
per rupee.
Trade all over the country is steadily improving, and the
agricultural prospects are better than they were. The wheat
crop is exceeding good, and a fair rainfall during the past
week has improved the green crops as well as grass.
On the Stock Exchange there is still very little doing,
though there has been more buying of South African securi
ties than for a couple of months past, and there is a decided
rise in some of the leading mining shares. The general be
lief in the mrrket is that during September there will be a
THE CHRONICLE,
September 5, 1896.]
m arked
I m p r o v e m e n t.
Then
m a n y w ill b e r e tu r n e d
fr o m
t h t ir h o lid a y s , t b e C z a r ’s visits w ill h a v e t h e ir e ff e c t u p o n
th e C o n tin e n ta l b o u rs e s, a n d th e e x p e c t a t io n is th a t th e
A u g u s t c r u s h in g ;, in S o u t h A f r i c a w i l l b e e x c e p t io n a lly
la r g ° .
B u t a lth o u g h
th<?se h o p e s a re g e n e r a lly e n t e r ta in e d ,
th e g r e a t p u b lic is h o ld in g a l o o f fr o m th e m in in g as w e ll as
fr o m o t h e r m a r k e ts, a n d v e r y litt le b u sin e ss is b e in g d o n e
e x c e p t b y th e v e r y la r g e o p e r a to r s . I n t e r n a t io n a l s e c u r itie s
a re n e g le c te d a n d s o a re B r itish a n d C o lo n ia l s e c u r it ie s .
We
a te , in s h o r t , in a p e r io d o f u t t e r s t a g n a tio n s o fa r a s th e
S to c k E x c h a n g e is c o n c e r n e d ,
T h e f o l l o w i n g r e tu r n s h o w s t h e
p o s it io n o f
c o m p a r e d w i t h t h e la s t t h r e e y e a r s :
imm.
OircaivioB ..... .
Politic a»p<>»its..
m s.
Am. n ,
7,-mjm
7.U3.>;n
5,W0.7il
11,703.48s
tA im M z
U & M iJ U
1VL0MUH7
3 -M tM I
A uq.* Z .
£
£
WS&^175
4,$42,DC’£
m&mmi
f
Other seaartti*,................
H aw rvs a.ite« v.-l *3 'HI.
t'.S .ii ooitl-jH,h *«* fl«8».-r s its
PmB,r«M>rvetoii*tHi!lia’
«.
Bank r»w ...................per «*nt
CouKiifl. .!%
rent
S tiv er................................ ..
Clawing -H-mm) return*...
12.4 II. 5
®3,33M*2 3
iO oinju
m s~hi
m t5-M>
&
I0i l vs
u$.9i0,OOQ
10%
10%
93
13%
13%
18%
31%
4%
7%
20%
5%
13%
Canadian Bmutle..........
Chesapeake A Ohio.......
Chic. StUw. & st. Paul.
p referred...............
LgmtSVlile Sc SFjsuvtile.
M--X!can Central, 4s
X. Y. Ontario.* We*i’ «
InUrut aBomd
for -UpcilU &s
i nm ,
Tra.tr BUli.
i
Duett U n
---------------------------------- ----------.----------- 1----------- Join t
Thra
fo u r
Sir Thru 1 fo u r
Sir ; .*(■**
. Months |MontAi M onth. M onth. M onth. Month* Jhnhi
H~
H-M I H j
1 j
lair Ji " ~ H ~
U .P H kllM W ij
H
Ut*l l rnlH
"
n
u -f. %
h
■ia-ie } H
An«. '
uvifl 13-ia H r & m
1
i* i
IS-lfl 1 ia - w 1-1 i-iai m
si
T h e B ank ra te o f d is c o u n t a n d op en m a rk e t
sm n
r a te s a t th *
Open
Market
Bank
Ojwn
m u.
Market
«
1H
2%
2%
9
$
IH
»
Op*ti
Bank
Market Bale.
P&ria. . . . . . . . . . .
BmiVXnr. . . . . . . .
%
%
i%
Hamiurg........
3
2%
Trmnkfort.. . . .
%
Am»t«ntom,..,
Bra***!*..........
Vl«na*............
St. P«*r,onrV'
3lik4rt4. .......
Oop«nb*g*n.
S
3
i
*%
5
*w
m
i'4
1%
.1%
d
Messrs. P i x l e y &
Jnlt, 31.
4 ay. 7,
AU3. U.
3
3
9
3
4
$
»H
&
s%
3%
iH
2%
1W
m
S
&
m
Bank
m u.
<>P*n
Market
3
3
3
m
«%
3
3
3
3
4
*%
S
3
3
4
3
3%
8
S
5%
A b e ll w r i t e a s f o l l o w s
■iH
m
a
SH
m
a
N orfolk & W cst'n, pref.
Northern PuclUc. prof
P enn sylvania................
r-bfl... A Read., p. r -h.
Souih’ a Railway, com ..
Preferred.....................
Union Pacific....... .
Wabash, preferred. ...
95
12 %
13
IV4
4
7%
20%
5%
13%
Tuts.
Wed.
Thu re.
3 0 ‘ lw, 3 0 U v l 30%
x 1 U % 112'in 112%
x 112 ,
112%
m B - m :033)2 % 03-12%
! 1%
n%
11%
89% 1 r.9% . 50%
13%
13%
1!
67%
69%)
«9 %
41%
41%
42
13
13%
18%
20
29%
89%
91
91
140% . 146%
148
-11%
10%
40%
68
68%
6«%
lo %
10%
10%
95%
94 %
93
13
13
13
13
13%
i:!%
18%
18%
18%
52
52
52
4%
4%
4%
7%
7%
75s
20%
20%
21%
' 5
8%
3%
13%
18% ,; 14
F ri.
305s
112%*
1127,a
03-17%
12%
01%
14%
70%
13%
13%
30%
91 %
148%
41%
68%
li>«S
95%
13%
13%
. 18%
52
7%
7%
21
5%
14
(C omm cvcial ititd HUsc ell itn cotts |£extra
1% j H
«4 1 «
c h i e f C o n t in e n t a l c i t i e s h a v e b e e n a s f o l l o w s :
Bank
Mon.
3014,,
11* 'ts
112%
t 0 2 '«0
U%
30%
13%
68
11%
13%
39
90
145
42
X. Y. (S r a C li Hudson
•jjwn MOnut RaUo.
fidt*
Sal.
30%
1121*1,
U 3 r i,
102-05
115*
58%
12%
67%
40%
12%
28
89%
144%
■11
Sto. Kan. * Tex., com..
T h e r a te s f o r m o n e y h a v e b e e n aw f o l l o w s :
Raft* a!
In ten d at
bOS DOS.
1 st
n t& m ,*
m jsirjm
M a r k e r * —P e r C a b le .
i L ondon
S e p t. 4:
Stiver, per ou n ce....... •!,
Consols., new, 2% p.ets.
For a c c o u n t ...............
Kr'i-h reoteiKin Paris) fr.
Atch. Top. A Santa i-V .
Illinois C entral..............
t o k e S t » n ......................
n u
* August *s.
l anion
F in a n c ia l
Erie, c o m m o n ....... .
IS
$is m *
t
m 9-y*
wm.
E u g liili
The (
a re r ip
•&tts m.i&i D ear. A Klo G r .,p r e f..
t
US lff-W
T ota l.................... 100,508,925 114,492,941 103,685,294 110,152,338
1895-96.
1894-95.
1893-94,
1892-92 •
Aver, price wheat.week.22s. I ld .
24s. 3d.
24s. 4d,
26s. 3 d '
A verage price, 8east)n.,243. l i d .
21s. 2d.
25s. 5(1.
26s. 8 4
T h e f o l l o w i n g s h o w s t h e q u a n t it ie s o f w h e a t , flo u r a n d
m a iz e a flo a t t o t h e U n it e d K i n g d o m :
This w eek, L a s t w eek.
1895.
1894.
W heat..................qra. 1,240,000
1,350,000
2,674,000
2,399,000
Flour, equal to urs. 249,000
245,000
157.000
252,000
Maize........................... 1,010,000
870,000
707.000
327,000
m
Am . i ‘.
&
it jN H jm
1895-90.
1894-95
1893-94.
1892-93.
Wheat im ported, o wt-. 66,498.210 75,529,946 65,087,648 64,591,776
Iiupor-- -or ih.it:-........19,206,030 18,441.330 18,529,229 20,026,687
Sales o f home-grown. .14,804,665 20,521,665 20,068,417 25,533,875
th e B a n k o f
E n g la n d , th e B a n k r a t e o f d i s c o u n t , th e p r ic e o f c o n s o ls , & c .
387
t
3«
6
8
9%
a
»H
u n d er d a te
of
A ugu st 2 0 :
G old—G old has hern la good demand all the week and the arrival*
net being »uffie!ent to mrvt rMtuUvaient*. about £51,000 have been •••!.!
by the Bank: *300.000 Hi x iv ereig n , have also been taken out tor
Monte video; 2UW.OO0 11; ...vvreiv.i* have been paid in, Arrivals?
South A tries. # 1 2 5 .0 0 0 ; West ladles. #5 8.00 9. Total. #183.000.
Shipments to Bombay. £ )0,< 00.
Bitver—Speculative hold* r* o f silver in A m ertoahave been com pelled,
by the tightness o f the Stow York m oney market, to realize at beat
obtainable price. This heavy seUlag reacted oa Inch*. and sliver fell
to 30%J. A reaction 1* now taking place and the m arket Cln#** Steady
at 30 a i«.l., with a much Improved tone. A rrival*: New York,
£246.00C; West Indie,. SW.CCW. Total. £2 33,0 00. SMpmeuta to
Bombay. #137,500.
Mexican D o lla r ,-A few have been sold at Jrt. under silver, but for
the Ia*t few day* tbe market has been rather nom inal.
T h e q u o t a t io n s f o r b u llio n a r e r e p o r t e d a s f o l l o w s :
UOYERSHSST REVENUE AND EXPENDITURES.— T h r o u g h t h e
c o u r te s y o f th e S e c r e t o r y o f t h e T r e a s u r y , w e a re e n a b le d t o
p la c e b e fo r e o u r r e a d e rs t o -d a y t h e d e ta ils o f G o v e r n m e n t
receip t# an d d is b u r s e m e n ts f o r t h e m o n t h o f A u g u s t . F r o m
p re v io u s retu rn * w a o b t a in th e fig u re* f o r p r e v a i l s m o n t h s ,
a n d in th a t m a n n e r c o m p le t e th e s ta te m e n t f o r t b e e i g h t
m o n th s o f th e c a le n d a r y e a r s IS M a n d 1895.
KKCKti-rs (OOO* om itted).
1803
im .
Inter’. m i * *
Ktvu< m m
Cob
Um*.
«
r
•
»
m . i2*vi
Ian...... 17.T7t 11.176
#82 1.34b
reb .... i3^«>* io j m
Hutch.. ISAtl turn
i.m
m
178 2.0-3
t p n l ,. 11,2 m 11,267
7,U
« » r — I0M » n , m
Ian#.,, u , m m ja s u u AOflv
laty-.. 12,1ST u .m s
S5« 2,«*l
24 13171
4«gs*.. 12,330 U.V.5I
Ouj-
total.
[flUr'
ttUcH Total.
toms, Mstfut Jruntl 8'rcm
>
81.875
*7,03!
20.387
»
17,000
13^35
14.1)3*.*
12,000
12.475
12.1.-W
M.729
».» > »
22,106
as m
*
•
0.117 1,10*
213
8.3S0
51#
3,655
11,010
750
10.751
41)
383
I1.SU
182
U.(r,7 12.8*
*4)
16.(530 10,172
* m on. ntesso V *& T n,«m H.f5IS 2l7.«>'
m .m
* i
1,975
688
090
2,457
2.043,
1,674)
2,004 j
1.142
*
28,808
*3.101
25,085
26.812
25,086
25,089
88,251
» .a « »
3,088 12.6fli2IS.970
OHs<mssKKXTS (OOO* om itted.)
P m - In- ft#_4 *p, Total.
»*»«•■ t4TMl,\Fund,
P«-*- InI tio m . ;term
*
'
i
» “
10.0)4 7.0,1 1,4 U
Ian..... j IS.Uri
ia.asoi 1.34! i,H)o
r o b ....1 i u o
MMOb.. 14,382
April...( 13,730
tfsr— nwoo.
t o n e ...
1'vw:
lair
G ot!).
! .la g .
L on d on Sto n d o rd ,
20.
A ug.
SlLVEli.
13.
L on d on Standard.
d. j t. d.
77 10% 7 7 10
Aug.
20. | 13.
d.
t.
Bar void,
Bar gold.part)ng.oa. 77
Spaniili, o ld ___..o s, “ 0
N e w ..,,......... ..*>*,78
V . 8. gold Coin. .. 02. 76
Osnnto gold coin. o x 76
French gold eoin .ox 76
Bar silver, flne...o*.
10% 77 10% Bar silver, contaln1 to 1
. m « 5 Mrs. g old, .o/,
Cako sliv er......... on.
2 '78 2
4% 70 4% M exican dollars.Oi.
.'i-H 76 3%
3% 70 3% :
Aug.
'
d.
30%
31%
30%
82%
30%
31%
,33»w
30®, „
T h e f o l l o w i n g s h o w s t h e im p o r t s o f C e re a l p r o d u c t s i n t o
th e
U n it e d
K in g d o m
d u r in g
th e
fifty
w eeks
of
th e
1094-93.
1893-04.
1392-93.
7.5,529,940 05,987.018 04,591,770
B a rley........................ 21.171,342 24.739,514 30,311.08!) 17,010,110
Oat,.............................. 13.890.530 15.035,117 13.771,153 13,074,134
2.242,719
!.-•> .J-;::
Ol.OT'l 27.DOT T.im
170,317 91.200 25,393 VJthl 240,5
C h a n o e s in L e g a l T e n d e r s a n d N a t i o n a l B a n k N o t e s t o
S e p t , 1,— T h e C o m p t r o lle r o f th e C u r r e n c y h a s fu r n is h e d
us th e fo llo w in g , s h o w in g th e a m o u n ts o f n a tio n a l b a n k
n o te s A u g u s t 1, t o g e t h e r w it h th e a m o u n t s o u t s t a n d in g
S e p te m b e r 1, a n d t h e in c r e a se o r d e c r e a s e d u r in g th e m o n t h ;
also th e c h a n g e s in le g a l te n d e r s h e ld f o r t h e r e d e m p t io n o f
b a n k n o te s u p t o S e p te m b e r 1.
HaUtmai H ank .'tans—
A m ou nt ou tvta n d ln v A u gu st 1 ,1 8 9 6 .
$4,224,070
640,076
Amount retired during August........... .
IMPOSTS.
P»a*...... ....................... 2,411.400
K
*
.ell.:
s ms*, iris;
Amotmt Issued during August.............
s e a s o n c o m p a r e d w it h p r e v io u s s e a s o n s :
1995-96.
Im p ort,of » U « . M w tout. 19* .3 1o
hug.
2,247,993
5,::.:,-;,
2.156,215
.:.iw-
19,206,050
13,411,330 20,088,117 20.020,687
S u p p lie s a v a ila b le fo r c o n s u m p t io n (e x c lu s iv e , o f s t o c k s o n
S e o te m h e r 1 );
3 ,5 8 3 ,9 0 4
$229^526.449
Amount ou t-tood in , Sept. 1 ,1 8 9 6 * ....
Legal Tender Notet A m ou nt on d e p o sit to redeem n a tio n a l ban k
notes August 1 ,1 8 9 6 .....................................
Amount deposit'd during A ugu st.................
Indian corn............ 41.7*1,590 25,517.62 4 36.510,510 32.20ii.772 Ain’ t reissued and bank notes retired In Aug.
F lou r.............
*2 2 5 ,9 4 2 ,4 5 5
Amount ou deposit to redeem national
Rank
...........
...... not*'*, i c p ! . 1, , 1 8 :>n............
..............
#34,000
040,076
* 1 9 ,8 3 8 ,9 5 1
6 f 0 ,0 7 6
_______ *19 ,232,875
idi - in !* ' ■, 187,447
THE CHRONICLE,
388
[V o l , L X III,
Exports.
Imports.
According to the above the amount of legal tenders on
Silver.
deposit Sept. 1 with the Treasurer of the United States to
Week.
since Jan. 1.
Week.
Since Jan. 1redeem national bank notes was $19,232,875. The portion cf
Great
B
ritain........
$1,093,900
$31,159,877
7,487
this deposit made (1) by banks becoming insolvent, (2) b
Franco.....................
3,029,626
6,176
banks going into voluntary liquidation, and (3) by banks Germany.................
84,846
4,796
reducing or retiring their circulation, was as follows on the West Indies............
377,838
2,240
238,439
Mexico.....................
6
636,305
first of each of the last five months:
South America.......
103,278
19,297
1,042,164
All other countries.
1,771
54,272
Sept. 1.
Aug. 1.
June 1.
July 1.
Deposits by—
May 1.
Total
1896........
.,093.900
$34,757,236
$21,543
$1,989,639
$
$
$
$
$
Total 1895........
950,199 24,802,831
11,995
704,565
1,286,685
765,500
829,717
678.722
713.695
Insolvent bks.
Total 1894........
682,400 23,379,879
3,884
1,141,863
Uquld’g bits 4,665,108 4,672,068 4,989,193 5,188,102 5,080,000
Red’o’g under
—The Mineral Industry, its Statistics, Technology and Trade,
act of 1874" 15,319,303 14,633,719 14,555,121 13,885,349 13,443,310
which has just been issued, is the fourth annual volume of
Total...... 20,698,106 19,984,509 20,374,031 19,838,951 19,232,875 this comprehensive publication. The work covers the mineral
industry of the world and brings the facts arid statistics down
* Aot of June 20. 1874, and J uly 12.1882.
C o in a g e b y U n ited S t a te s Min t s .— The following state to the end of 1895, constituting a veritable up-to-date encyclo
pedia
of the industry. Valuable technical articles especially
ment, kindly furnished us by the Director of the Mint, shows
the coinage at the mints of the United States during the month prepared for this work by eminent authorities give the most
recent progress in each department of mining, metallurgy
of August aud for the eight months of 1806.
and chemical industry, including the best methods of produc
tion, the uses and properties of nearly all the minerals and
Eight llonths 1896.
August.
metals. The Scientific Publishing Co., 253 Broadway, New
Dcnotn mutton.
York, publishers ; price five dollars.
Value.
Pieces.
Pieces.
Value.
— Mr. A . M. Townsend, New York agent for the Hongkong
$
$
1,386,230 27,724,600 & Shanghai Banking Corporation, reports that as the result
149,000
2,980,000
Double eagles..
552,780
55,278
29,000
290,000
of the half-year ending 20th June last, the usual dividend of
Eagles..............
464,180 £ l 5s. per share has been declared by this hank; $250,000
9,000
45,000
92,836
Half eagles___
Three dollars..
14,712 added to the reserve fund (making that fund stand at $6,000,5,385
aarter eagles,
000) and about $300,000 carried forward to the credit of the
ollars.............
new profit and loss account.
1,540,229 28,756,272
187,000
3.315.000
T o ta l g o ld .
— The Reorganization Committee of the Oregon Shirt Line
2,650,000
2.650.000 11,212,412 11,212,412 & Utah Northern RR C o ., Samuel Carr, Chairman, announces
S ta n d a rd dolla rs..
60,000
609,658 that nearly 99 per cent of all the bonds and stock have been
30,000 1,219,315
H a lf d o lla rs ...........
2,950,412
737,603
uarter d o lla r s ...
750,412
75,041 deposited under the plan of reorganization and has voted to
6,000
60,000
lin e s..........
declare the plan operative.
2.770.000
2,636,000 16,132,551 12,634,714
Total silver.
8
S
Five cents.
One oent...
Total minor....
934,000
2.052.000
46,700 6,215,412
20,520 25,263,572
310,770
252,636
2,986,000
67,220 31,478,984
563,406
6,068,220 49,151,764 41.954.392
5,943.000
Total oolnaee.
^ N ational B akes .— The following information regarding
national banks is from the Treasury Department:
IN LIQUIDATION.
4,517.—The First National Bank of Uvalde, Texas, has gene into
voluntary liquidation by resolution of its stockholders dated
July 31,1898.
INSOLVENT.
2,666.- The First National Bank of Larned, Kansas, is insolvent, and
was on August 26, 1896, placed in the hands of William O
Stainsby, Receiver.
I mports and Exports for the W eek . — The following are
the imports at New York for the week ending for dry goods
Aug. 27 and for the week ending for general merchandise
Aug. 23; also totals since the beginning of the first week in
January.
f o r e ig n
im p o r t s a t n e w
1896.
1895.
For week.
Dry goods......
Gen’i mer’dise
$2,9.16,370
5,404,674
tork
.
1894.
$2,958,301
6,445,811
1893.
$2,021,947
5,685,479
$2,202,028
5,347,517
$7,621,044
$9,404,112
$7,707,426
T o ta l........
$7,549,545
Since Jan. 1.
Dry Roods...... $77,689,477 $98,263,064 $55,356,673 $93,806,471
Gen’l mer’dlse 225,536,177 243,008,149 229,018,377 306,401,697
Total 34 weeks $303,225,654 $341,271,213 $284,375,050 $400,208,168
The imports of dry goods for one week later will be found
in our report of the dry goods trade.
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending Aug. 81 and from January 1 to date:
EXPORTS FROM NEW YO RK FOR THE W EEK.
1896.
1895.
$7,616,639
$5,499,542
For tlio week..
Prev. reported 241,156,597 213,614,819
1894.
1893.
$6,412,153
235,242,891
City Railroad Securities— Brokers’ Quotations.
das
G A S C O M P A N IE S .
Week.
Great Britain........ I
France....................
Germany................
[Since Jan.l.|
$ ........... $12,089,260i
8,357,541
27,002,068
616,696
62
2,828,317;
40,000
West Indies...........
Mexico....................
South America.......
All other countries.
-
Week.
110
1(32
111
155
Aik.
160
109
5100
325
110
310
50
5110
60
111
92*8
157
145
161
112
335
112*s
320
60
112*8
67
112
B id
Ask.
93*8
155
106
io i
103
185
195
158
159
117*s 118
300
100
105
96
103
i....... 100
102
W e s tch e a ttr, ls t,g u .,5 a . J101
x E x -d iv ld e n d .
Quotations.
A s k .1
B id .
G A S C O M P A N IE S .
8*
P e o p le s ’ (J e r s e y C i t y ) ..
l o t ' s W illia m s b u r g 1 s t 6s —
F u lto n Mnnioipal 6 s ___
78
E q u it a b le .............................
100
B o n d s, 6s, 1 8 9 9 ..............
S t. P a u l.................................
110
B on d s, 5 s............. ............ .
210 Stan d ard p r e l ................... .
98
C o m m o n .................. .........
05
W e s t e r n G ob ........ ..........
33
B o n d s. 5 s ...........................
83
104
165
87
170
104
106
188
106 106%
45% 50
79
82
72
50
80
104
75
57
85
100
Auction Sales.— Am ong other securities the following, not
regularly dealt in at the Board, were recently sold at auction.
By Messrs. Adrian H . Muller & Son:
100 shares N. Y. Mutual Gas Co......................................................... 201
§ a u M
ii0
a m i
f in a n c ia l
Spencer T rask & C o .,
BANKERS,
27 A 29 P I N E S T R E E T ,
-
-
NEW
TORK
65 State Street, Albany.
INVESTMENT
SECURITIES
S amuel D. D avis
&
C o .,
BANKERS,
Since Jan. 1
Total 1896........ [
$50,933,942 $2,351,928 $21,411,435
Total 1895........ 84,672,500 52,967,815
180,166 22,921,206
Total 1894....... 1
493,000 81,215,296 1,111,411 13,709,759
101
E ig h th A v e n u e —S t o c k . ..
S cr ip . 6a, x 9 1 4 .................
42d & G r. S t. F e r .—S to c k
42d St. M an. & S t.N . A v .
l e t m o r t. 6a, 1 9 1 0 .M & S
2 d m o r ts in c o m e 8a. J & J
L e x .A v e .& P a v ,F e r r y 5s.
M e tro p o lita n T r a c t i o n ...
N inth A v e n u e —S t o o k . ..
S e c o n d A v e n u e —S t o c k ..
1 s t m o r t.,5 s ,1 9 0 9 .M & N
D e b e n t u r e 5s, 1909, J & J
S ix t h A v e n u e —S t o o k ___
T h ir d A v e n u e —S t o o k . . .
1 s t m o r t., 5 8 ,1 9 3 7 . J & J
T w e n t y -T h ir d S t.—S ttk .
D e b . 5 s , 1 9 0 3 ...................
U n io n R y —S t o o k .............
B id.
Note.—This week’s prices are mostly nominal.
I And aoorued Interest______________________
Imports.
$486,650 $11,623,983
249,570
2,414,524
1,500,000
1,707,290
36,370 4,628,919
3,714
218,192
75,618
756,020
61,707
31
J e r s e y C it y & H o b o k e n .. 180
M e tro p o lita n —B o n d s ........ 108
M u tu a l (N . Y ....................... 200
N. f . A E a s t B iv . 1 s t 5a.. 98
55
C o m m o n ............................... 29
84
C o n so l. 5s .................
E X P O R T S A N D IM P O RT S O F S P E C IE A T N E W Y O R K .
Exports
85
108
2 0 's
195
104
108
112
104
1121s,
161
112
C o n s u m e rs ’ (J e r s e y C ity ).
Total 34 weeks $248,773,236 $219,114,362 $241,655,044 $241,369,971
Gold.
D. D. K . B . & B a tty —S tk .
1st, g o ld , 5a, 1 9 3 2 .J & D
Securities— Brokers’
B ’ k ly n U n io n G a s —S to c k .
$6,881,592
231,485,379
The following table shows the exports and imports of speoie
at the port of New York for the week ending Aug. 29 and
since January 1, 1896, and for the corresponding periods in
1805 and 1894:
A sk .
B id.
4 tla n . A v e ., B ’ k ly n —
C on . 58, g . f 1 9 3 1 ..A & O 5104*a
I m p t . 58, g., 1 9 3 4 ..J & J
81eek. S t. & F n l.F .—S tk .
28
1st m o r t., 7 8 ,1 9 0 0 . J & J §106
B r o o k ly n .Rapid T r a n s it.
19ia
8’ w a y & 7th A v e .—S t o c k . 180
la t m o r t .,5 a ,1 9 0 4 .J & D 5102
2d m o r t., 5s, 1 9 1 4 .J & J 5105
B ’w a y ls t ,5 8 ,g n a r .l9 2 4 5108
2 d 5 a ,in t.a s r e n t ’ 1.1905 5100
C o n s o l. 5a, 1 9 4 3 ...J & D 112
B r o o k ly n C ity —S t o c k ,... 160
C o n s o l. 5a, 1 9 4 1 ...J & J 1 1 0 's
B k ly n . C roaat’ n 5 s . 1908 103
B k l’ n .Q ’ n s C o .& S u b .la t
98
B k ly n .C .& N ’ w t ’w n — S tk 160
5a, 1 9 3 9 .............................. 5107
C en tral C ro a a to w n —S t k . 190
l e t M .,6 s , 1 9 2 2 ...M & N 5115
O en .P k . N .& E .R iv .—Stk. 155
C on aol. 7s, 1 9 0 2 ...J & D 108
C o lu m b u s & 9 t b A v e . 5 s . 110*8
O hriat’p ’ r & lO th S t.—Stk. 150
1 s t m o r t.,189 8 . .. A & O 102
5 A n d a o o ru e d in te r e s t
jN O . 3 6
W A L L
S T ., N E W
Samuel D. D a v is ,
Ge o r g s U in t i 4 r M
T O R K .
Ch a s , B, V an N ostrand
offat.
A
M o ,f f a t
& W
lexan d er
h i t e
M.
w h it e
.j a
,
BANKERS
30'
P I N E
S T R E E T ,
INVESTMENT
-
-
N B W T T O B K
SECURITIES.
THE CHRONICLE.
S eptember 5, 1896.]
j^ m ik z x s 7 (la y e tte .
D IV ID E N D S .
Per
Cent.
frame o f Company.
Street H a llw a y * .
Chicago City (quar.).....................
No. Shore Traction (Boston), pf_
West End Stievt (Boston), ooui..
H l.c e H a a s o u i.
Commercial Cable (q u a r.).
Spirits Distributing, 1st p re f...
3
3
s%
rfAen
Books dosed.
(Daps inclusive.)
Payable.
— t o ----------Sept. 30
Oct.
1 3«pt. 16 to Got. 20
1 Sept. 13 to Sept. 20
Oct.
Sept.
#5
o«t.
IV
$1 75 Sept
25
to
1 Sept. 20 to Oot.
1
15 Sept, 11 to Sept. 15
889
The following were the rates o f domestic exchange on New
York at the order-mentioned cities to-day: Savannah, buying
1-16 discount, selling p a r ; Charleston, buying ; j discount,
selling par ; New Orleans, bank, SI 50 premium; commercial,
~5e.@$l 00 discount; Chicago, Si 25 per $1,000 premium: St,
Louis, 30c.@50o, per $1,000 premium.
United States Bonds.—Sales of Government bonds at the
Board include $327,000 4s, coup., 1925, at 113% to 116,1^;
$25,000 is, reg., 1925, at 113 to 113%; $11,000 4s, coup., 1907,
at 106% to 107; $32,000 os, coup., at 108% to 109%; $35,000
5s, reg., at 109%, and $19,000 cur. 6s at 103.
The following are closing quotations:
W A L L STREET, F R ID A Y . SEPT. A. 1890—S P. 31.
The Money Market and Financial Situation.—The result
o f the State election in Vermont was the important event of
the week, and its effect in Wall Street shows how keenly
sensitive financial interests are to the political situation.
The paralysis at the Stock Exchange which followed the
adoption of the Chicago platform has continued almost un
disturbed until this first expression o f opinion by the people
as to their estimate o f that platform and the principles there
in set forth. In response to this phenomenal majority in
favor o f sound money in Vermont capital aggregating a very
large amount lias been loosened from retirement and the
demand for all classes o f investment securities is larger than
it has been during the past two months, or since the
Chicago Convention. The result is likewise seen in the
advance in} prices for Government bonds and railway bonds*
and in easier rates for money.
The foreign sentiment in regard to American investments
has improved, but the disturbed political situation in the
Orient has a depressing effect upon the London markets, and
the demand for our securities is therefore limited at that
center. The imports of gold have continued through the
week. The total since the movement began o f receipts, in
transit and engaged for shipment from Europe aggregates
nearly *25,000,000.
The money market is slightly easier and promises soo ton
assume m we normal conditions. The mercantile demand is
less urgent.
The open market rates for oall loans during the week on
stock and bond collaterals have ranged from 3 to 12 per
cent. To-day's rates on call were 5 to 7 per cent. Prime
commercial paper is quoted at 9 per cent for the very best
grade; other grades are unquotable.
The Batik o f England weekly statement on Thursday
showed a decrease in bullion of £2,337,765, and the percent
age o f reserve to Liabilities was 50-95, against 58*64 last
w eek ; the discount rate remains unchanged at 2 per cent.
The Bank of France shows a decrease of 21,984,000 francs in
gold and 1,070.000 francs in silver.
Tiie New York City Clearing-House banks in their statement
of Aug. 29 showed a decrease in the reserve held o f $3,027,100
and a surplus over the required reserve of $8,836,200, against
*9,272,650 the previous week.
1896.
Awp, 29.
C apital.................
S u rp lu s___. . . . . .
Doans A dlse’nta.
C ircu la tion .........
Net deposit*.......
S pecie.......... .
Legal tender*__
Reserve h e ld .....
Legal reserve....
Surplus reserve
D lfferen 'sfrom
P res, iseek .
1895,
Aug. 31.
1894.
Sept. 1.
*
80.622.700
02,022,700 81,822,700
73,294,000
71,542,100 71,276,300
456,790,200 Dei!; 143.300 5132250.8CO 489.879.900
1.7,055,500 Xne. 699,700 13,355,800 9,784,800
451.83i.SOO Dec.0,363,300 574,929,000 885.973.900
47.345.700 tno. 549,100 65,3*4,200 91,187.800
74,474,200 Dec.2,576,500 117,518,200 121,120,500
121,819,900 Deo 2,027,400 192,882,400 212,314,300
112,983,700 Deo 1,590,950 148,732,476; 140,403,475
8,830,200 Dee. 438,4501 39,149,025! 65,820,82.5
9
a
Foreign Exchange,—The foreign exchange market was
firm and rates advanced on Monday and Tuesday, due to an
increased demand for bills. On Wednesday the tone was
easier and rates have again declined. Gold imports continue.
To-day’s actual rates of exchange were as follows: Bankers
sixty days’ sterling, 4 82#@ 4
; demand, 4 84@4 8 4 ^ ;
cables, 4 S4^®4 H-i%.
Poin d riles of leading bankers follow:
4,
j SUtg Days.
Demand.
prime bankers' sterling biffs on London [i >3 * 4 81 4 85 91 85%
f rune conunnrntal., ...
...
i 4 82
1 82%
wooniW'«?otaty gosi*mmtii&l,............... .
1 81b 854 81%
P a m bankers* (frnn.-s!
.
:5 21%, *5 21%,
5 1 O ^ sa S 19%
Amsterdam (gugMersi bankers.... .....
39% 9 301%.
Bremen treinlimnrksr inters' !>i7 „ a » 4 » . . ; 0*g
Ufti
Interest Aug.
Periods 29.
Aug.
31.
Sept.
Sept.
Sept.
T
2 s ,........ ............ re*. L-Meh. * 914s * 91% * 92 * 93 * 93 * 93
4s, 1907............ rev. .-J a n . n o i% '*03% *103% •10i% *105% •10',%
4s, 1907.......... coup. .-J a n . *100
108% 106% *106% *L06i« *106%
Feb. *112% 113
4s, 1925............ reg.
113% *114% *115% *115%
4s, 1925..........coup. .-F eb . *112% 113% 111
115% 115% 118%
5s, 1904............ ret.
Feb. *103% 109% *109 ‘ 109* *110 *110
Feb. 108% •108% 109% •109% *110 • n o
5s, 1904..........coup.
6s, aor’oy,*97. .reg. . A J *100 *100 *100 *100% *100 *100
8s, our'ey,'9S...reg. . * J. •102 •102 *102 *102^ *103
103
6a, our'07 ,' 9 9 ...reg. J . A J. *104 •103% n o t *104 *104 *104
4s, (Cher.)1896.reg. March. *100 *100 *100 •loo *100 *100
4a, (Cbar.)1897.rag. March. *100 ♦100 •100 *100 *100 *100
4s, (Cher.) 1896. reg. March. *100 *100 •100 *100 *100 *100
4s, (C'her.) 1899.re*. Maroh. •too *100 •100 *100 •loo *100
* TWs is the price bid at the tnorain* board, no sale was made.
United States Sub-Treasury.—Tiie following table show s
receipts and payments at the Sub-Treasury.
Date,
Receipts.
Balances.
Coin Verts.
,u
•
9
3
4
3,023,100
3,404,753
2.314,923
2,089,935
2,143,579
2.548,057
2.435,781 112,759,937
5.944,207:112,858.781
2.005, leS 112.795,903
2.530.5. 4 112.519,344
2,212,810 112,375,5 45
2,108,468 113,855,181
Total
15,014,347
17,406,7471 ...................
Aug.29
*• 31
Sept. 1
**
"
9
1,216,530
1,010,077
1,070,227
885,829
9 .0 ,1 U
1,218,609
Ourreney,
9
79.783,001
77,471,835
77,724,279
77,694,060
77,735,100
76,338,538
Coins,—Following are current quotations in gold for coins
Sovereigns...........*4 85
»8 4 89
Napoleons....... 3 86 * 3 00
Fine sliver bars... — e s q * — 67%
Five francs...........— 90 ® — 95%
Mexican dollars.. — 5l% ® — 53
Span. Doabioons.15 55 * 1 5 75
Alex. Doubloons. 15 50 4 1 5 75
Fine gold b a rs ...
par » % prera.
Peruvian sols.......— 47 a — 48
English silver.... 4 80 a 4 90
U. 8. trade dollars — 65 a — 75
X X Relohmarka. 4 70 » 4 SO
25 P eseta s........ 4 75 * 4 90
Do un oom 'olal.. — ___ * — ____
State and Railroad Bonds.—Sales o f State bonds at the
Board are limited to $5,000 Virginia 6s defd, trust recta.,
stamped, at 4.
There is a better demand for railroad bonds under the im
proved political and financial conditions now existing. The
speculative issues have been most active and have advanced
an average o f about 3 per cent, including the Atchison, Chea.
& Ohio, Chicago & No. Pacific, Erie gen, lien, Fort W orth
& Den. City, Mo. Kan. & Texas, No. Pacific con. 5s and coll,
trust notes, Ore. Short Line, Ore, S. L. & (J. N., Reading,
Rio Grande Western, Southern Ry. and Texas & Pacific issues.
There has also been a notable increase in the movement, and
in many cases a substantial advance in the quotations, of
Brooklyn Gas, Cent, of New Jersey, Burlington & Quincy,
Rock Island, Col. H. V. & Toledo, Milwaukee & St. Paul,
San Ant, & A. Pass and Union Pacific bonds.
Railroad and Miscellaneous Stocks.—The improved con
dition of the stock market noted at the close last week has
been maintained, withslight interruptions, this week, and the
volume o f business has largely increased. The result of the
Vermont State election gave a new stimulus to the market.
Commission house buying was in evidence and prices for all
classes of stocks advanced. In the general movement the
coal shares have been conspicuous partly on account o f the
advance in the price of coal, Cent, o f New Jersey having
gained 0% per cent since our last quotations, A large
proportion of the active list advanced an average o f
about 4 per cent, including Burlington & Quincy, St,
Paul, North West, Rock island, Lake Shore, Lackawanna,
Delaware & Hudson, Central o f New Jersey, Manhattan
Elevated, Am, Tobacco, Chicago Gas, General Electrio, Min
nesota iron, Twin. C. I. & lty., Western Union and U. 3.
Leather pref’d. Am. Sugar has been exceptionally strong
and advanced to 111%, against 105% last week. The St. Paul
returns for the fourth week in August were disappointing,
and the stock, which sold on Wednesday at 68%, an advance
o f 5% points within the week, was heavy and declined to
87%. ft has recovered to-day, however, and closes at
69%. Louisville & Nashville has not shared in the general
buoyancy on account o f its report o f July net earnings and
t he rate disturbances in the South. Baltimore & Ohio was
also heavy and declined to the lowest quotations of the year.
Manhattan Elevated has been unsteady but closes at a net
advance o f 3% per cent.
THE CHRONICLE.
390
[V ol . L X i n ,
NEW VORK STUCK EXCHANGE — A C T I V E S T O C K S fo r iveek ending SEPT. 4 , and since JA N . 1 , 1 8 9 8 .
HIGHEST AND LOWEST PRICES.
Saturday.
Au>r. 29.
Monday,
Aug. 31.
Tuesday,
Sept. 1.
Wednesday, Thursday, i Friday,
Sept. 3. | Sept. 4.
Sept. 2.
STOCKS.
A c t iv e U K . S t o c k s .
n % 11% n % 11% ! 1 1 % 1 1 % At.Top, tfc S.Fe, allinatal. paid
10% 11
i>o
prof.
16% 16% 16% 17% 17% 17% 17% 18
*%
Atian tic <k Pact do
*%
%
12% 12% 12%jBaltimore<fe Ohio...................
10% 13% 10% 11% 12
14% 13ia 14
•13
21
21 Brooklyn Rapid Transit........
*20% 21
20% 20% 20% 21
•19% 20% *19ia 20
*57*% 58$j Canadian Pacille
60
*58
...........
60
*58
59
45%
45%
45%
45
Oauada Southern................ .
45%
433; 44*2 41% 44% 44% 44% 45
95% 94% 95% 96% 99% 98% 99% 99% 101% Central of New Jersey...........
94% 947a 95
14i*3 *13% 14% *13% 14% *13% 14% §14% 14 'h *13% 14% Central Pacillc........................
*13
13% 13% 13% 14 Chesapeake A Ohio................
127a 13 i 13% 13ia 13% 13% 131% 14
*150 155 *150 155 *150 155 *150 155 *150 155 *151 157 Chicago <fc A lton.....................
64
62%
62%
0
L%
62% 63% 63% 65% Chicago Burlington & Quincy
60
60*3
60%
597e
*37% 40 Chicago & Eastern Illinois...
*3 7 % 39
*37% 40
37ia 37ia *37% 39
*37% 39
*90
95
*90
95
95
Do
pref.
95
*90
*90
*90
95
*90
65i0 65% 65% 66% 65% 66% 66% 68% 67% 68% 68% 69% Chicago Milwaukee & St. Paul
Do
pref.
125 126 5125 125% 12u 12/
§125 125 *121% 125
*121
96
96% 97% 96% 97% 96% 90 Chicago & Northwestern.......
96
95
95
94% 95
145 145
5.145 14 5
59% Chicago Rock Island & Pacific
57% 57
54s4 5514 55% 56% 5530 56% 56% 5 7% 57
37
38 Chicago St. Paul Minu. & Om.
37%
37
37
36
*35
36
*34
35
35
3513
Do
pref.
&120% 120% *115 121 *115 120 *115 121 *115 121 *115 121
24% 24% 25 Cleve. Cincin. Chic. & St. L...
24
23% 24% 24% 24
24
23
23*4 24
76
*73
*73
76
76
*73
*14% 15% Columbus Hooking Val. &Tol
16
*15
14% 14% 15
15
14% 14% *14ia 15
*51
GO
*51
Do
prof.
*50
53
53
59
*51
*00
121
122 Delaware & Hudson...............
120%
121%
118%
118%
119%
120
$118%
119%
§117% 118
156 157 *153 158 DelawareLackawanna&West
1405* 149% 150 151% 150 150% 152 153
*10% ........
*10%
Do
pref.
40
*39
*3912 4013 10% 40% 41% 41% 41% 41% 42% 42%
13% 13% E rie..................
*12%
13
12
13%
12%
12%
12
121a
*12
12%
28% 28% 30% 30%
30
31
*27
31
*15ia
*15%
*25
27 Evansville <fc Terre Haute___
*25
27
*24
27
*23
27
*23
*23
27
27
*106 115 *107 118 *107 118 *107 118 *112 120
8934 897a 897a Illinois C e n t r a l................
589
88
88
88
88 <86
88
88
*80
*6% 7% Iowa Central.............
*5% 6%
6% 6% *6% 7
6
$6
*513 6
25
23% 23% 25
Do
pref.
*24
25
§24
24
2
23% *23
25
15%
*15%
16% Lake Erie & Western............
16
1434
15%
'14
14 ia 14%
14% 14% 15
64% 64%
64
62% 62ia 63
03
63% 63% 64
Do
pref(il
01
144% 145% Lake Shore & Mich. Southern.
§140% 140% l l l i a 142
141 141
142% 14478 144% 145
*67% 70 Long Island...............
*66
70
70
70
*65
*65
70
70
*65
*65
39% 41% Louisville <fc Nashville............
38% 40% 39% 40% 39% 40
397a 4114 4014 41
2% 2% Louisv. New Albany <fc Chic..
*2
3
*2
3
214 2 % *2
3
*1% 2%
5
5%
*5
6
5
6
5
*5
*5
Do
pref.
*5
0
5%
80% 82% 82% 83% Manhattan Elevated,consol.
82% 80% 81% 79% 82
78% 80% 80
93 Metropolitan Traction..........
91
93
§91
91% 91*3 90% 91% 92
92% 92% 93
§89
89
§90% 90% Michigan Central...................
90
90
90
§88% 89% *88
1378 13 % §15% 15% 14% 15% Minneapolis & St. Louis........
*11
15
*11
12
12
69% 69%
70
70
566
66
60
*60
Do
1st pref.
60
*60
*58*4 64
39
39
*38
41
38
40
*34
39
*35
39
*33
Do
2d pref.
‘ 33
10% MissouriKansas & Texas.......
10 % *10
*10
11
510% 10% *10% 10% *10
10»4 *10
22% 22% 22%
21
22% 22
21i* 21
Do
pref.
22:% 21% 2 1% 22
17% 17% 18% 18% 19% 18% 19 Missouri Pacific.....................
ie% 17;{8 17% 17% 17
19
*15% 20
*15
*16
20
*16
20
*15% 20
18
107e Ilia
101*3 17i0
H ie
17
11%'
17i0
§921^ 92*o 92
92
91% 91% 92%
*913 Ilia
*9% 11% *10
*10
11
*60
*60
*65
*61
*23
*23
29
27
28
27
27
*164 167 §165ia 165ia *164 168 §164%
12=8 12 % 12% 12% 1 2 % 1 2 % 12%
*6% 7% 57
7
8
58
8%
19%
18% 18% 18% 1913 19
19
*8% 8% *8%
8%
8%
*8%
*1230 1234 *12%
*12% 13
13
13
912 10% 1010 1038
9% 10% 1030
17
17% 1738 18% 17% 17% 18%
*10
20
20
*13
*13
20
*13
*10
*10
15
15
*11% 12% 12%
7% 8%
8% 9 %
7 % 8%
7=8
*11
12
*1112 13% *1 1 % 13% 12
*41%
45
*41% 42ia *4113 45
15 *
15
92% 92% 92%
*10
12
12
*63
*27
29
29
164% §166% 166%
12 % *12% 13
8% 8%
8%
20
20
21%
*8%
9%
8%
13% *12% 13%
10% 1030 10%
18% §18
19
20
*13
20
12%
8%
7% 9
12% 12
12%
45
*45
48
*
15
15
11.480
8% Aug. 7 17% Feb. 24
10,743 14% Aug. 7 28% Feb 24
7e Ffth fi
9,670 10% Sept. 2 44 Jan. 27
630 18 Aug. 10 25% Apr. 23
62% May 27
2,655 40% Aug. 7 5l% Feb. 10
7,823 87% Aug. 10 109% Apr. 23
50 13% Aug. 22 15% Feb. 15
4,719 11 Aug. 8 18% Apr. 23
155 Apr. 2 155 Apr. 2
85.S77 53 Ausr. 7 82% Apr. 24
100 37% Am?. 10 43 Jan. 18
90 Aug. 11 100% Mar. 5
138,362 5970Aug. 10 79% June 17
1,028 117% Aug. 7 130% Mar. 2
22,629 85% Aug. 10 106% Apr. 23
123 140% Aug. 28 150 June 30
26,810 49 % Aug. 7 74% Feb. 24
2,155 30% Aug. 8 45% Apr. 27
20 117 Jan. 7 125% July 3
2,980 19% Aug. 8 39% Feb. 10
73 Aug. 7 90*0 Feb. 20
600 12% Aug. 10 18% Jan. 23
105 50 June 22 60 July 22
2,331 114% Aug. 10 129% Feb. 11
2,243 138 Aug. 10 166 June 5
10 Aug. 25 14 Feb. 4
655 37 Aug. 7 51 Feb. 24
1,520 10% Aug. 7 15% Mar. 12
611 27 July 29 41% Mar. 17
25 Mar. 16
24 Aug. 15 34% Feb. 24
108% Mar. 13 121 May 7
316 84% Aug. 11 98 Jan. 31
110
5% Aug. 13 10% Feb. 7
497 19 Aug. 7 38 Apr. 23
700 12% Aug. 10 22% Feb. 5
1,092 55% Aug. 8 75 Feb. 7
3,234 134% Jan. 7 154% June 17
68 July 29
67,841 37% Aug. 26 55% Feb. 24
200
1 Aug. 26 10% Feb. 18
310
4 Aug. 26 24% Feb. 13
51,579 73% Aug. 13 113% Feb. 11
2,437 79% Aug. 10 109% May 25
246
97% Feb. 11
535 12 Aug. 21 21% Feb. 21
265 54 Aug. 8 83 Feb. 21
100 30 Aug. 10 53 % Apr. 22
no
9% Aug. 6 13% Feb. 21
4,784 16 July 20 31% Feb. 25
13,828 15 Aug. 7 29% Apr. 24
14 Aug. 10 25 Jan. 11
92% 93 New York Central & Hudson.
2,031 88 Aug. 6
200
11
n % New York Chicago & St. Louis
9 Aug. 11
*03 ........
67% July 28
300 20 Aug. 10
*26
29
Do
2d pref.
97 160 July 23
*164% 167 New York New Haven & H art.
1278 13% New York Ontario & Western.
1,612 11% Aug. 10
8% 8% New YorkSusii.&We8t.,new.
935
6 Aug. 11
5,850 12 Aug. 8
21
23%
Do
prel.
300
*8% 9% Norf.& Western,all install pd.
t% Apr. 29
100 t4% May 8
*12% 13%
Do pref.,tr.ctfs.allms.pd.
5,295
Nor.
Pac.,
all
instalm’t
paid.
10 % 1 1 %
May 23
5,246 f i o Apr. 16
Do pref.,all instal. paid.
18% 197e
____ . f io Feb. 18
*13
20 Or.Rytfe Nav.Co. reo. asst. pd.
100
*12 ........
1113% 15% Phila. & Reading 2dinst. pd. 53,420 +2% Jan. 7
12
12 Pittsburg Cinn. Cbio. & St. L.
2,940 11 Aug. 7
320 40% Aug. 12
45% 47
Do
pref.
*........ 15
17 Jan. 15
*107 112 *10812 112 *107% 112 *109 112 *109 112 §109 109 Rome Watertown & Ogdensb.
*53
*53
*54
58
58
*54
58
*54
58
58
*54% 58 St. Louis Alt. & T. H.,tr.rects
3 % 3% *2% 3% *2% 3%
3% 3 %
37a 37a St. Louis Southwestern..........
3% 3%
8% 8% $8
8
*7 % 8% *8
8%
8% 8%
Do
pref.
8% SL
*13
IK
IS
*13
18
*15
*15
18
*15
*15
18 St. Paul & Duluth....................
18
*
84 *
84 *
84
85
*103 110 *103 n o *103 110 *103 110 *103 n o *103 110 8t. Paul Minn. <fe Manitoba...
*16
16% 17
17
17ia 16% 16% *16
16
16 Southern Pacific Co................
16% 16
7% 7%
7% V«8
7% 7 %
7 % 7%
7% 7%.
7 % 7 % Southern,voting trust, certif.
197a 20% 20
21
19% 20
20% 2 i
20
20% 20% 2130 Do pref., voting trust, cert.
5 % 57e
5 % 5ia
6
6
6
57a 5 %
6
*5% 6% Texas & Pacific.......................
*20
*20
35
35
*20
35
*20
35
*20
35
35 g*20
*50
75
*50
75
*50
*50
75
75
*50
75
*50
75
Do
pref.
5% 5i0
5i0 5%
5
5%
5 % 5%
5% 5% Union Pacific trust receipts..
5% 5%
1% 1%
1%
2
1 % *1% 2
-i%
*1 % 2 Union Pacific Denver & Gulf.
1 % i%
*51,1 513
51*2 5 Ja
5% 5 %
5% 5% *5
5%
5% 5% Wabash.................. ..................
13
13% 13% 13% 12% 13% 13% 14
13% 13% 137a 14%
Do
pref.
6
57s 618
57s 6%
6% 6%
6%
6
6
6%; Wheeling & Lake Erie..........
6%
*21% 23% 23I2 23% 24
24
24% 24% 24
24»4 24% 24%
Do
pref.
*130 2
*1% 2
*1**8 2
*1 % 2
■i% 2
*T% 2 Wiso. Cen. Co., voting tr. ctfs.
U liscellan eoitw S t o c k s .
*812 9
9
878 9
9
9% 9%
9% 9 %
9% 9% American Cotton Oil Co........
42% 42*a 421*2 4213 *42
43% 543
43% 44
44% 44% 46
Do
pref.
4 '0 47r
47e 5%
5
5
5%
5% 5 %
b%
5 % 5% American Spirits Mfg. Co___
§16% 16% 1513 15ia 15% 15% 15% 15% 15% 15% 1530 15%
Do
pref.
1UD*4 1O0S>8 1U0% 10878 107% 109
109% 112% 111% 113% xll2% 114% American Sugar Refining Co_
^WO‘2
ya
ya
98% 98% 98% 99
100% 100% 100% 101
Do
pref.
667s 57 !a 58
6078 59% 60% 00% 61% 62
63
62% 64 American Tobaceo Co............
*92
*92
98
*92
98
‘ 93
98
*92
98
*92
93
52% 53% 5330 54% 53% 55
57% 58% 58
55% 58
59% Chicago Gas Co., certs, of dep.
141 141
141 *3 142
141 141
143 145 *143% 145% 145 146% Consolidated Gas Company..
24
20
23 ‘2 24% 24
2530 25% 26% 25% 26% General Electric Co................
19
*17
19
1934 21
10 % 19
19
21
21
21
21% National Lead Co...................
*75
80
79
80
80
80% 81% *80
82
Do
pref.
i
t
*
82% 82
4
378 4
4
4%
4%
4%
4%
4%
4% 4% tfortli American Co................
M
's
18
18
17*2 18% 18
18% 18% 19
18% 19% 187a 19% Pacific Mail.............................
k105ia
‘ 109
■109
140 140
141 141
140 140
141 141
141 141% 141% 142 Pullman Palace Car Company
0/
6/
07
*6030 67
67
67
*66% 67 Silver Bullioh Certificates___
17
175a 17Ta 17% 17% 17% 18
19% 19% 20% 19% 20% Tennessee Coal Iron & R R ...
*3ig 3%
3% 3%
*3% 3 %
3 % 4%
4
378 378 U.S.Cord.Co.,tr.ree.all ms.pd.
3%
7
7ia 7% *7
7%
7% 7 %
7
8% *7% 734
Pref., tr. rec. all ins. pd.
6% 670 *6% 7
*6% 7
7
7
§7 % 7% *7
8 Jnited States Leather Co......
45% 47
45% 46% 47% 49
48% 49% 48% 50%
Do
pref.
15% 1513 *i5!a 17
*16
17% 16% 17
17 United States Rubber Co.......
H Z 1* 17% 17
71 % 71i0 71% 72
72
73
73
§73
73
71
72%
Do
pref.
757h 7 7 % 76% 78
77
78
78% 79% 78% 79 % 79
80% Western Union Telegraph___
"These are bid and asked j no sale mad
Sales of
Range for year 1896.
the [ On basis o f too8 hare lots. ]
Week,
Shares.
Lowest.
Highest.
Less than 100 shares
1 Before payment of any Instalment.
51% Jan. 2*8
99% Feb. 10
15 Jan. 22
35% Apr. 13
186 Feb. 10
15% Jam 31
11% Jan 31
31% Feb. 6
8% Sept. 2
13 Aug. 31
11% Sept. 4
19% Sept. 4
22 Apr. 14
12% Sept. 2
16 June 16
18% Feb. 7
59 Feb. 27
18% Feb.
25 109 Sept. 4 118 Jan.
53 Aug. 14 60% Jam
1,000 2% Aug. 10
5% Feb.
700
6% Aug. 7 13 Feb.
27% Feb.
J\8R Jnlv 1 91 Feh.
105 Aug. 11 115 Jan.
1,100 16 Sept. 3 22% Jan.
1,720
6% Aug. 7 11 Feb.
13,710 15% Aug. 8 33% Feb.
5 Aug. 7 9% Feb.
1,095
35 May
75 Apr. 6 75 Apr.
2,370
3% Jan. 7 10 Apr,
5% Feb.
196
1% Aug. 29
1,665
4% Aug. 7 7% Feb.
7,470 11 Aug. 7 19% Feb.
9,480
5% Aug. 27 13% Feb.
795 20% Aug. 8 40% Feb.
4% Feb.
1% Aug. 21
1,290
980
5,341
2,562
260,437
1,422
45,210
48,102
2,455
22,001
3,597
594
2,599
6,024
10
3
8
7
26
24
10
11
14
6
25
25
6
6
21
13
24
24
14
13
24
8 July 20 19 Jan. 27
37 Aug. 10 69 Feb. 11
6 July 28
4% Aug. 7
15% Sept. 4 21 Aug. 14
95 Aug. 10 126% Apr. 21
92% Aug. 8 105% June 12
51 Aug. 10 95 Apr. 2
95 Aug. 4 103 Feb. 13
44% Aug. 8 70% May 4
133 Aug. 10 164% Apr. 29
20 July 16 39% Mar. 13
16 Aug. 10 28% Apr. 21
75 Aug. 27 92 May 4
6% Feb. 24
3% Aug. 7
15% Aug. 7 31 Feb. 10
1,763 138 Aug. 7 164 Feb.
1,500 66 Aug. 18 70 Feb.
25,353 13 July 20 34% Feb.
630 Feb.
2,437
3 >4 Aug. 7
6% Aug. 8 1230 Feb.
907
5% July 16 11% Feb.
325
19,619 41% Aug. 10 69% Feb.
910 14% Aug. 8 29 Jan.
869 69% Aug. 18 89 Jan.
56,771 72% Aug. 10 873s Apr.
K 3d Instalment paid.
li
24
10
7
7
8
14
13
15
22
S
p te jib e r
THE CHKONICLE,
8, 1896,]
S9i
StHV YORK STOCK EXCHANGE PRICES (C ontiuneil)-LV A C riK £7STOCKS.
Sept, 4.
in io tite Stocks
s tuAkmtee unlisted
Bid.
R * l l r o » d S to e t ia .
n o *117 * Susquehanna---------- 100
gnu Arbor— ...................-. — 100
Preferred.. -............................. 100
Balt. & O. 8. W. pref., n e w ....... lo o
B oUwllle * South. QL p re f.-.-lO O
3 w o n A N. Y. Air M o e p r e f..1 0 0
Baifslo Rochester & Ftttebarg.100
Preferred................................... 100
8 « r l CM ar Raptda A Star.........100
OMbago Ota.it VYe - x e n s ................. .
Ctev. t.**ra( , & Wheel, pref....... lo o
01»™ and A P lttso o r* ............... 50
lie* Moines ,t Fot t D od re------- l o o
P referred................
--1 0 0
oaln tb So. S to re & A tla n tic 1! .100
Preferred 1 ...........................,..1 0 0
Evansville A Cerrx If. p re f........SO
ra n t A Pern M arquette............. 100
Preferred........................- .........100
ClHnols Central leaie.d H o e s ....100
Yttdlaaa Illinois & I o w a .. ........ 100
Kanawha A MtehlKan................ 100
Ke.ikuk A Daa M oines................100
P referrea— ..........- . . . . . — 100
L on iw . 8t. Lt:>o.U A Terra*.........l o o
Mexican Central.......................... 10O
Mexican National tr. c tf* .........100
Karris A K s .e x ........................... 50
Me s .1eraey A h , Y ....... ..........100
Preferred. ........................... ...1 0 0
H y . Lack. A W estern ,.............100
Norfolk 4 tou th eru .................... 10 O
Range (sales! in 1898.
Ask.
Lowest,
4%
1%
«%
6% Ail*.
% May
150 Aug.
Miscellaneous Slocks.
183% May ;Adams Express..................... 100 J139 113ia 135 Aug
3d
11% F«h. American Bank Note Co t|........... 32
29% Feb. American Express................ 100 100 110 105 "" Aug.
78 Aug.
7 Feb. Amer. Telwcraph & Cable.......100
12 Aug.
131% Jan. Bar State Gas r ............. — 50 1x55
75% lug
102 May Brooklyn Union Gas............... 100 135
25 May Brunswick Company.............100
hi Feb.
86 Aug.
(12% M ir Chic. Juno. By. A Stock Yards.100 ......
70 Mar. Colorado Coal A Iron Devel-.. 100
% July
11% Aug.
10% June Colorado fuel & Iron............ 100 US’s 20
so May
54% May
Preferred...........................1O0
% July
162 May Columbus A Hooking Coal..... 100
162% Apr.
9% June Commercial Cable....... .........100 125
30 Mar.
36
60 June Consol. Coal of Maryland.......100 SI
21M Aug.
6 Jan. 1Detroit Gas.......................... 50
89 Jan.
14% Feb. Edison Klee. HI. of N. Y .........100
50 Feb. Edison Klee. 111. of Brooklyn. .100
59 Apr.
18 Fell. Erie Telegraph & Telephone ..100
33 Aug.
1 0 0 ,*3« % 39
43 Fell i t o 92% May Interior Conduit A las........... loo
35 Kelt.
;2i
17 July
22
25 Jan. ! Laclede Gas..........................lot)
SO 78 Feb.
8 Jan. i Preferred........................... loo
3% Mar. Maryland Coal, pref............... 100 W
60
18 Feb. Michigan-Peninsular Car Co.. .100
59% Feb.
Preferred.................
100
110
40 A tig.
12 Feb. |
47
13 Aug.
•2% Feb. ! National Linseed Oli C o .......... 100 U
17
4% Jati.
160% Feb. ' National etaroh Mfg. Co......... 100 .....
New Central C oal.........................lo o
......
Bid. A*k.
Cl»»* C, 4 *...........
.....1 3 0 6
Currency funding 4 *...........1 9 2 0
'm
Arkansas—6«, fnsd,Hol. 18if a-1906
d o. Jfoa-Hoilurd
7». Arkansas C entral BKJ—
..
Loaltdaua—7 » , son s................ j 914
s ta m p e d * * ............ .....................
S ew e o n o lk 4 » .........
1914 *00"
8ECDK1TIKS,
Bid.
13
%
340
3
15
HpecU.
Leg ait- Deposits,
asuns ot s e w r w . *1,000,0 »l,8«a.« *11,500,0 *340,0 *2,000,0,*10.610.0
Manhattan Co. ....... 2,050.0 2,173.” 14.1*1.0, 1*00.0 8,311.0 15.8.14,0
...... ' a.Wki.0
990,7
s.fCJ.f i.tw.l
2,0*10,0 3.U -.i/.u
* ---- .0 2.51/1,7 14.583.2 1,.1»S3
PMKlU...
*44.(,V S,WM
OUy.........
, 3,434,0 2 1,403.7
M).
83,0 2,477,4.
I g g S S f ^ ........
300.0 7,409.0 Sg.AjO.o
Merchant*' K<. i. go
eooio
JT(L3 8,913,7.
.a*a»tu.
. . --- .rational...
i,000,0 1,078,3: 8,237.,1
sa
B atcher*'*O nw sa'
3w>.u
m .3
t o n f*a w .
32.1,0 2,330,0
Hrwawteh...........
Wni.fi
171.4
M2.il
Leather
800.0
52 * 2.M05.8
S «W P S-atlotal... 300,0
U.M 1,575,4
8»8*®I Saw York... Um>,w- 49S,
i 054,4
<•*♦,»
A
Americas Exelmoxe. 5,000.0: a,»pw,« sa.AW
s»,-«.'.*«,o.
v'J
Ooauaaraa............
................ .i I H f ’ l>'•- « m M■m
■ M■•
Brawlw»]
5.203.3
m ...... .— . i j s j o 1.M2J
7 ; ■, i
Mereaam * ........... 1,000.0 s;n.
7.196.0
- ..............
422.7 *74.'
u . .
Mpahiia-------- -— ., 1,500,0
K'.i«3,»
Chatham...........
45i),n osa
;
.,r..„.....
. -I HIM
.....
«,7«M
320 Apr.
Its Apr.
10
40
95
' 105,0
6.3W.i
140.7
2,40
1,4-83.3
9.513,1
1.1112 •
7,121.0
15,752.5
X*;.W8.5
»«| j
Bighesl.
150% A pr
116 "May
97 May
33 May
95% June
% Feb.
96% Feb
4% Jan.
31% Feb.
98 Fob.
4% Mar,
162% Apr.
32% May
33% June
100% Mas
62% Jan.
75 Apr.
35 Feb.
30 Apr
86% Apr.
60
72
21%
0%
8%
15
4%
340
2
11
Fob.
Feb.
June
Feb.
Feb.
Mar.
Jan.
June
Jan.
June
14
June
5
12
35
00
ia n ,
7 "F eb .
Aug. 24% Fob.
Aug. 48 Apr
Feb.
Aug. 101
I.
Tenneesee—6s, o ld ....... 1892-1898
6*. new b o n d s ......... 1892-8-1000
-»*** .........
do
hew eerie*............... 1914
Oom proai!«e, 3~i~5 6 « ....... 1912
. . . . 1913
Special ta r . O a rs 1......................
; Redem ption * « ......................1907
CcueoUdated 4*..................... 1910 *95** ToT*
do
i % « .................. 1913
6ft.............................................. 1019 n o
Vlrirmia funded debt, 2-3e..-.199l
South Carolina—4%«, 20-40,.1933 95 107
i 6s, deferred t’et reo'te, stam ped.
6 s, non-fund........................... 1888
Bid.
73
77
56% 59
4
6
Vew Yurfc City, Boston and Philadelphia Banks:
C&fH&sl <4
rta.8K». .’•,rj-tu
Seehamea'.-
Aug.
Jan.
% June
d E o o im u s
M l,«iurt— Fund..............1394-1895
North Carolina—Oe, old...........J«kJ
Fundliu: a c t ........................... 1900
New bonds. J A J .........1892-1898
New York City Bank Statement for th« week ending
Aug. 29, 1896. tvs o m it tw o c ip h e r * (0 0 ) i n a ll cases.
Capital Surpl-t L o a m .
Ask.
5
8
'8*4
NEW YORK STOCK EXCHANGE P K IC B & -O T A T J ? B O N D S S E P T E M B E R
im
im
m
Xotresi.
Bid. Ask.
11
100% A uk. 120 ".Tan. Oregon Improv-'t Co. tr. reels.. 100
58
70
70 May 70 .May ; Pennsylvania Coat__ ________ 50 300
i%
mule It»ilTer M ining..................... 100
OWn Southern........ ................
3"e Feb.
Preferred........................... 100
1 %Jams
Peoria Decatur & K vontviB e.. 16©
i% 2
3 Jan.
4
ti June Moueatae Coal A Iron, p r e f ... 100
>S
Peoria 4- Eastern .............. . ...» * 0 v
P« 0l 8e Land Trust....... U>0
SeiMMtser A 8a*»f«S>».................,v 170 180 m % May 182 Feb, |
Bio O rsn to Western p re f.........100 __ , __
30 J*«. 46% Feb. : 0.8 Cordage, guar., tr. certfs.100 i T
Tot- SC. I* 4 Kan. OltyU .............100 . . . . . . .
5 Fell.
5% Apr. ■V. 8. E xpress...............
100 31
...a.
Pr-.ft-rr-d*. .. .........................lo o
Welle, Fargo E x p r e s s ................ 100: 85
1>
* No price Friday; latest price this week.
t Actual sales.
6ECURITIE8.
! Range (sales) in 1396.
Sept, 1
INACTIVE STOCKS,
f Indicates unlisted.
Highest.
170 ..... 170 July
7
6% All*.
9
17% 22
17% A ,12.
7 Feb.
3
g
131% Jan.
44-4rnt
100 105 102 May
22
10 Jau,
13
. _Tr 52
91 May
63
4— 70 Mar.
n Ail*.
4% 6
36 A ua
155 163 155 Jan.
6
5 Au if.
5
00
40
51 Apt.
3% .1,,
3% 4
10
10% Apr.
6
__
m
m
t
t
45 Apr.
-»»»(.»
13 Felt.
37 Mar.
S5 Jan.
. . . . . . 25 Jan.
6% May
6
8
2 Jan.
;-2
8
12 July
12
_ft Indicates actual salesj
lasni.
Aixcir.
total*.
IkposUi.* Oirc'l'n. Olearinm
N. Y .%
An*. 1. L m fie*? 466.533,9 46.2M.7 92,727,4 185,014.0 14,800,0 441/
134.910.7
U7.0.40.644 S 80,580,9:477, S«4.6'l4.ee:l,2 502,67
••
*,345.0-407,393.7 15.740.H407,0
133.918.7 41:4,910.* 48.083.0
,005.9
- it
im ® w
45e,».W.» 40.70*1 8 77,050,7 43*,293.6 10.385,8 141.280,5
** 2i*.. n s . v u i j 446.780,2 47,3*6,7, 74.474,2 431,1131,4 17.035,5 418,680,2
Bo*.*
,111,0 10.014.0
An*. H
lo u in o y l u o
“ Ti,.
4.875.0 9,078»
79A«: ASS6.0
04(1.3 ll.7nlS.-l
131,.
0,191.392.0
10,046,0 59,767,7
217.1 1,707,1 P hM »,* ig.iiti 180,021,o: l.ua.oi 6,633,0
3,982.4 2l,47e,7 m
25.890.0
n . u J 35.303.0 102,503.0
91.871,1
1
1
6.558. 53.193.2
m
34.454.3
80.040.0
~ tta:
! >i-iso.o,
93.072 O 8,699.
.
23.690.0
95,240.0: 9.547.(1 50 344,7
m I 3A38J0 tHA33-2.ol
I t l
140,0
Antra.
m .« r2,124,0
1-4 » Wt emit it!-., finhurt In i
834,0:
070.0
1*4,7
♦ liMloflin* tor Bosten And Philadelphia th* Item **due to other banka.”
lsrt.il
387,3* 2.21 VI
2U.il 1.770,(1
Mlseellaneons and Dnllsted B onds:
M » ' : 2,1.08,2
tm.W 2,H8»,0* 15,020,0
5*8,2. X 100,0 13,000,6
! U lecclln iicn u e B ond*.
dtiacefl « ueou» Hood*.
81 %b. :Menho;. Bench H. A I..«, 4s.
*729.1■
S93.S 4,823,2 Amer. Iplrtta ill*., lat
,••1(0.5 1.223,0 0.595.0 Bt'kiyu Mo. Gamlet cone. 5*. 103 h. iteglMBpl. Tel. A Tel.l#l®a..
1120.4,
412,0 2.773.1 fh.J-UB.A8.Y0r.-CnU.g.,3Mlch.-Venlo. Car let 5s __
1,577,5
Mutual Union Tele*.—8*. e..
10,224,8 0(6.4
i >**'
* i i • ..
Nat,
starch Mf*.
late*.......
435,3
Nat.starch
Mfsplat6a
910,8; 5.408,4 Colaiado Par) A I.—Gen. f«
*t»,Wl «B ,W 1,1«S.4! 1MJ.4
N Y. A N. J. rtslep. gon. 5c..
510.7 2,494.3 Cal. A Hock. Coal A I.-de, *,
S e^ ta iawna . « a tooloNon hwee'ern Telegraph—Tc
4,504.0; nlt.tr
3/1.7 4.001.2 Cojsa.GaaCo.X'hlr.—letgn.Ai 7*
Banorer..--------- i X<H0i0' %•
Coheol.CSMil c«i>v. Va....... 1 93
P-oplo'a litta A C .ll-d g . 08, 104 b.
a; *4,318,4! 8,110.9!
Dot- »iae non. lat 5 .......
.....
Co., Obteago.. . . . ! 2d g, «». 105 a*
1 l'w k
miicm'i'"** ......... SKS's ’^ g |
KdMonElite. lU,C«t~Ut 5* ,-*i05%<j.
M 4 M *.»< 4 ... ........ • 05 a.
r .- T .::::! m
m
lit}
Ho.
of Oklyn., 1st 8n
Plea*, YAtley C06t-tet«. 0*.
MafKM A m a te
Eh llff».,L..N.V.,roii4. s.3a.1 .....
aanday Creek coal i at g 0».
m m A Leather.
*34.8;
475,01 3,070.9 Equitable J. A F ._latifn..............
17.8, Leather-S.f. d«6.,e.i6*.
Cora Exchange.
fi!
■ ,i ;f. On. ioS
- -'
8,181,0
m
M
? l a 1,021.4
11,044.(1
“ !7'!
Weateni ColonTelog. -7*... W t
Conttsentai. ......... * UiOtMf 1 1 ...
9,...... deb. 3, ... ....
4.1MA
8*5.0
8*5,8 4,7e0,0
Wheel.L.E APitm,c.»»l lsW*
l uH cied iloud*.
SSMW.detb Sa ..........
!ito*toc.k riinuoi tiio, 44..
1,80«!*. 8.8u%lj 2i»'u40.b; A001.U 2.U34.U ISiUlO Ini. Cond. A i a*, deb,
6 b
Norm—“ 6” indicate! price M 4; “ a ” prtoe orkei, « Latest price this w e e k .
iS Z * w « : : ~
T o : o M il:?! • ft B S ^
‘ StiS T O . ?
F.«nh National..,.; 3,200,0 1.994,
d
CMeal
*s ra l»a
Satkmal....i
o ii«L :” |8KOW
^W
,000M
.0i:J -|i iisj.fl1
i i il-ltt. i $ i
Bank Stock Eigt—Latest prices this week, (*Not listed.)
s»M«d
KatmaKi—
! 7SO
.Ka'i.O
700,0 1,018,0; 6.03.1.0
. . . t.il
----N»ao«*t.,.,i
-.
.0!
J7in
1.242,2
.Vinto "SANtiSr Bid. A*k-, BANKS. m
A#K» 0ANKCJ. JBIG* Aft k
First Satwnai...
500-0;
2«,l05>
457,3 4,117, *; 17,74.4.8
Tistrd SaUoiw I. ...
1.000.01 808.4
America..,..
. , Warfield........
N Y.N»t,Kx
ff.Y Nat, E*cb*n*«.
300,0
75,1) 0 *0:7
i l i l l i k l Am. Etch... fit 170 I Merman Am. 105" SIS Ninth.......
112
2«0,0. 8*3,1
Bowery. , 275
Merman S x *
307 19th Ward.
New ? * » (ion sttyI!
•«0,<if. 4*4.1 l l l l
240
m *
N Amor.'t*
m
m
l i n t Breadway...
Oetssah 4 mericae..
740,0- 29
I b T OriehtA__
410.1 8,53-1.1 ButChVADr. ,20
Wloanwirb . i m
in r
d M Xational,....
Paeiilc).. ..
-- - l«
te.123.2 Central......
133* Hanover...... ,310
l!«t:«;
4,8941*
r.ftfi Avene
Chare... .— MO
Park,....,..,
m
w?
2Q0
and. Rivet:.. 151
7,034,8
OermaoExe]
Chatham----- 5W0 30*6' fin. A Trad'a’ ..
m r poopi»*A....
m
i SiS! ---i
8.883,5
CtaraMla........
2
77.4,9; 498.9
-----A«(
441.1 a.......
Phenix......
4200 Irvin* ....... i » r
io T
«*id
?.?6g Chemical ,.
Called 6 ta le s.......
6,044,8
750 Leather M.ff 360
4.01 789.1*
57(1,0 5 167.1 City..........
Frod* Ex**.,
U aoolB ...................
150*’
6U.e 5M
.. 70.0
0.8: 592,1: 1,223Jt 0.498..5 Oltiten*-..... s " HO Lincoln...... 750
iiepabllo....
Hoabo»r.i...
174
3.734,1. M4.8
290.0 4.07 •, a Columbia.... 150 1.45 Manhattan .. 200
200,0
?inb*Niaoii*L"'."
S«KM*Od.
'A, 1,701,0: 168,41
891.0 1.0.14.5 Oominetce...
Market A Pot 200
SMS* of the Metros,,
OontSnonlal.
W°. Mechanic**., 185 196" SrivonUi
Want
08
a awe___ _ . igg:§
.if ® ! . f | l iH:| I'lfko Corn Exch.. IIS 8200
HO Shoetfe Le'th 00
M’ohe'ATrs'
lao HtAt oof N.Y.
110
Mercanaio..
East River.
a x tli N attpaaL ""!
209.% 3494
l.’ TOlo1
Merck rats'.. 130 137 Ttiird......
11th Ward.
Weateni ktfsssl.. 2, 100,0aa%7 xo.?«r.,7
Traileftiti’n's
00
2.032.2 H
Fifth Ave..
Meroli’ U Ex n o
Fuat Nat. BFkSra.. d$06,0;
5,193,0
'JW.U; 908.2 - »,!¥#,«
5,313,0 Fifth*......
o ff
w r Metropolis.. 400
Union...... * §
FIret . ------Mi, Morris.. 100
150" Un'd State® 175
Fir»tN..S I. S 8 " ..... Nassau, .....
m
i
*■'.............................
s
:a
it
Western ... 110>
3,020,8 14th Street .
N. A rn Pdam 180*
m
215 230* Woafc Side.. 275
Fourth ____ ISO" 175
Tam
n,TrH/> tr*s.?f>o.a 47.345,? 1 ?4.4?*»'2 451,934.9
010 . -«•*•***
200 310
THE CHRONICLE*
Tuesday,
Sept. 1.
Monday,
Aug. 31.
Saturday,
Aug. 29.
11
114 H 4
Atch. T. & 8. Fe$ (Boston) .100 11
Atlantic A Pac.
“
100
Baltimore A Ohio (BafL)-lOO *124 .
*59
604
Balt. City Pass’ger 44
25
Baltimore Traotion “
25 154 154; 154 75 4
15%
15%
Baltimore Trao’ ntf(PAiL)- 25
205 205
Boston A Albany (Boston). 100 205” 205
203
203
200
203H
100
Boston & Lowell
44
1AA
X1514152
100 151
...
Boston & Maine.
100
Central of Mass.,
100
i'referred........
60% 624
100
60
604
O c.Bur.&Quin.
---66 %
Ottio.Mil.A St. P. (P M .).100 6 5 4 65% 66
5
5
Oho O. &G.voLt.O- 44
50
15
15
Cit. 8t.Ry.of Ind1T 44
100
854 854
Fitchburg pref.. (Boston) .100 *85
294 2 9 4
Lehigh Valley.. ( P h ila .L 50 2 8 4 294
914 914
Metropol’n Trao.U 44 v 100 90
8
8
7%
Mexican Cent’l (Boston). 100
New England....
**
100
........ 60
“ 100
Preferred...........
65
65
Northern Central (Bal .). 50
1 0 4 104
Northern Pacific* (Phila.) 100 104 104
18
Preferred*
*4
100 *17
Old Colony...... (Boston). 100 174% 174% '174 175
5 0 4 50%
504
Pennsylvania . . . (Phila.). 50 50
4 4 49I6
Phil. & Reading^
“
50 3l6lfl 4716
Philadelph. Trao.
44
50 6 3 4 63 4 6 3 4 6 34
*5
54
*5
54
Union Pacifio...*' Boston). 100
Union Traction.. (Phila.). 50 11% 124 1 1 4 124
m is c e lla n e o u s S t o c k s .
Am.Sug’r Reiin.H (Boston).... 1054 1064 106% 1084
97
97
98
Preferred........
44
— *97
198 1984
100 198 198
Bell Telephone..
76
7
6
4
76
4
77
25
Bost. & Montana.
25
14
14
*14 ....
Butte & Boston..-,.
300
300
300
300
25
Oalumet & Heola
—
Canton C o ....... (Balt.) .100
Consolidated Gas
"
100 *57% ........ *57% 59
24
24
2 44
Elec.Stor. Bat’y1I(PAifa.).lOO 24
26
26
Preferred H
44
100 2 54 26
‘ 56
57
57
Erie Telephone. (Boston) .100 *56
2
4
4
25
*234
2
44
General Electric.
44
100
60
60
58
Preferred........
100 58
32
32
35
Illinois Steel —
4‘
100 35
174 174
jL*amson StoreSer.
44
50 * 1 6 4 ......
*39
394
Lehi’ h Coal&Nav. (Phila.) 50 *384 39
*91
92
N. E.Telephone (Boston). 100 *91
11
11
11
11
Pa. Heat,L. &Po wf Phila.)......
63
63
63
Unit'd Gas Imp.IF
44
50 63
39
39
39
39
Welsbaoh Light Tl 44
5
*14
West End Land..(Boston)....
* 1 4 ........
* Bid and asked prices:
Inactive Stocks.
Prices oj September 4.
Atlanta & Charlotte (BaM.).100
Boston & Providence (Bosto?i).100
Camden &Atlantio pf. (Phila.). 50
Catawissa........ .
44
50
1st preferred..........
44
50
Central Ohio................ (Balt.) 50
Chicago & West Mich.(Boston). 100
Connecticut & Pass..
44
100
Connecticut R iver....
44
100
Consol. Tract of N. J. 11(Phila.). 100
Delaware&BoundBr.
44
100
Flint & Pere Marq...(Boston). 100
Preferred................
44
100
Hestonville Passeng. (Phila.). 50
Preferred if................
44
50
Sunt. A Broad Top...
44
50
Preferred...................
44
50
Kan. C’y Ft.S. & Mem. (Boston) .100
Preferred................
44
100
Little Schuylkill........ (Phila.). 50
Maine Centra'........ t Boston) 100
Mine Hill & S.H aver.fP/utoj. 50
Nesqueboning V a l. . .
“
50
North American Co..
44 100
North Pennsylvania.
44
50
Or.8h.Line2d aBst.pdfBoston). 100
Pennsylvania AN. W. (Phila.). 50
Philadel. A Erie........
44
50
Rutl d ................... (Boston). 100
Preferred...................
44 100
Southern..................... (Balt.).100
Preferred...................
44 100
West End....................(Boston). 50
Preferred..................
44
50
United Cos. of N. J .. (Philaj.lOO
West Jersey..................
44
50
Weti Jersey & Atlan.
44
50
Western N.Y. A Penn
44
100
Wisconsin Central...(Boston). 100
Preferred...................
44 100
Woro’Bt.Nasli.ARooh.
44
100
MISCELLANEOUS.
AllouezMin’g, asstpdf-Boston;. 25
Atlantio Mining........
44
25
Bay State Gas U........
44
50
Boston Land................
44
10
Centennial Mining...
44
10
Fort Wayne Eleot.fi..
44
25
Franklin Mining......
44
25
Frenohm’n’sBay L’d.
44
5
Kearsarge Mining....
44
25
Osoeola Mining..........
44
25
Pullman Palace Car.
44
100
Pennsylvania Steel.. (Phila.). 100
Preferred fi................
44 lo o
Quincy Mining.. . . . . . (Boston). 25
Tamarack Mining___
44
25
Water Power................
44 100
Westingh. Elec. AM ..
44
50
Pref., cumulative..
44
50
o n d i—B oston ,
op. A ft. F. gen eral g. 4s, 1995
Adjustment g. 4s, 1995...............
Bosun Umied Gas 1st os.......
f
Bid.
251
5
136
240
20
Ask.
90
254
45
53
40
10
141
245
22
163
104 114
30
35
47
45
574
27
484 494
10
5
35
55
604
130 135
61
44
” l2
1
68
67
88
233
83
14
2
70
074
90
60
20
2
14
114
1%
10
118
•40 *45
154 164
74 8
4
34
•15 •25
1%
2
9
4
4
9 4 104
224 234
142 144
8
20
40
105
70
25
49
4
108
72
1
26
51
§744 75
§34
344
80
$79
•Price Includes overdue coupons.
11
11
Wednesday,
Sept. 2.
1 14
114
114
114
Thursday,
Sept. 3.
114
*12
Range of sales lu 189t.
Friday,
Sept. 4
Lowest.
2,472
114
13
"is” I 64 1 64 164
16
16
15% 15%
1 54 16
205 206
205 205
2 054 2054
203 203
1........203
........ 203
153 153
153 ___
'152 153
604 62
6 5 4 664
154
854
29
91
*7%
*154
854
294
91
8
624
664
44
634
6 84
44
63
63%
6 7 4 684
5
5
86
86
86
86
294
924
84
294
92 4
84
2 9 4 29%
91% 92%
8
8
60
65
94
*174
1734
5 04
3%
634
*5
114
60
60
60
65
1 04 104 10% 10%
94
184
17% 1 8 4 184 *18
1734 1734 1734 1734 1734 *173 175
5 0 4 50%
504 504 504 5 0 4 5 04
3 4 4316 31516 49 lf, 61*16 7®i0
4'ie
64
65
64
64
6 34 6 3 4 64
54
54
........
*54
54
54
54
11% 114 11% 1 1 4 1 1 4
1 1 4 11%
108
98
1994
75
*14
305
109
1094 1124 1114 113
994 100 100
9 84 98
199% 199% 2004 200 2014
77
7 6 4 77% 7 6 4 77 4
14
14
*14
...
X3004301
304
305
*584
*58
59
24
24
2 44
25
254 26
56
56
56
2 44 244 2 4 4
61
*55
60
38
37
37
*17
174 1 74
*39
39
39
91
92
*91
114
114 H 4
63
63
644
394 394 3 94
* 1 4 ........
14
no sale was? made.
59
25
26
57
254
65
38
174
394
1 14
644
394
1*;
Inactive stocks.
1124
1004
205
77
*14
301
........
*59
254
27
57
26
*62
364
*174
394
*91
5 8 4 58%
25
25
264 2 6 4
5 6 4 58
2 5 4 26
65
62
364 364
174 174
394 394
91
91
114 1L4 1 1 %
64%
64M 65
39% 39% 39%
*14
*14
t Trust reoei pts, $5
Bid
Ask.
Boston United Gas, 2dm. 5 s ..1939 (
Burl. A Mo. River E xen pt 6s, J&J <
Non-exempt 6s...... ..1918, J&J \
Plain 4s.......................1910, J&J
Chic. Burl. & Nor. 1st 5,1926, A&O
2d mort. 6s............... 1918, J&D )
Debenture 6s.t......... 1896, J&D v
Chic. Burl.&Quincy 4s,, 1922,F&A <
Iowa Division 4s...... 1919, A&O j
Chic.&W.Mieh. gen. 5s, 1921, J&D ?
Consol, of Vermont, 58.1913, J&J
Current River, 1st, 5s..1927, A&O <
Det. Lans.&Nor’n M. 7s. 1907, J&J 1
Eastern 1st mort 6 g.l906,M &S.. {
Pree.Elk.&M.V., 1st, 6s.1933, end. \
Unstamped, 1st, 6s, 1933........... s
K.C. C.&Spring., 1st,5g.,1925,A&O j
K C. F.S. & M. con. 6s, 1928, M&N
K.C. Mem. & Bir.,1st,28,1927, M&8 4
K.
C. St. Jo. & C. B., 7s.. 1907, J&J {
L. Rock & Ft 8., 1st, 7s. .1905, J&J f
Louis.,Ev.&St.L.,1st,6g. 1926,A&O J
2m., 5—6 g ............... 1936, A&O j
Mar. H. & Ont., 6s...... 1925, A&O $
Mexican Central, 4 g ... 1911, J&J {
1st oonsol.incomes, 3 g, non-enm.
2d consol, inoomes. 3s, non-cum.
N. Y .& N .E ng„lst,78,1905, J&J4 ’
1st mort. 68................1905, J & J 1
Ogden. &L,C.,Con.6s...1920,A&O j
Inc. 6s................................... 1920 <
Ru tland, 1st,6s........... 1902,M&N § 9 9 4 1
2d, 5 s ...;........... .......1898,F&A § 894
114%
1014
206
7 84
1%
303
60
60
254
27
57 ^
26%
65
384
18
394
92
56
1,200
471
105
5,691
250
1,489
75
71
92
12
3,814
1,717
654
39%
178
90
2
paid. XTrust
9 5 4 Aug. 8 1264 Apr. 21
9 2 4 Aug. 10 1054 June 12:
195 July 29 208 June 18
65 Jan. 7 9 1 4 June 15
14 Mar. 7 134 Jan. 31
295 Jail. 3 311 May 22
64 June 18 64 June 18
5 5 4 Jan. 20 66 Apr. 2
20 Aug. 10 3 6 4 Apr. 15
22 Aug. 8 38 Apr. 16
5 1 4 Aug. 10 63 Jan. 31
21 July 16 3 9 4 Mar. 13
50 Jan. 8 78 Apr. 14
32 Aug. 31 75 Apr. 15
1 5 4 Aug 12 21 May 6
38 Aug. 3 4 6 4 Feb. 8
8 7 4 Jan. 23 96 July 17
9 Jan. 7 15% Juoe 15
5 3 4 Aug. K' 8 1 4 Jan. 2
3 4 4 July 16 67 Feb. 17
14 Aug. 10 2 4 Feb. 14
reo.,all instal. paid.
Bonds.
Bid
Ass.
People’s Trao. trust certs. 4s..1943
Perkiomen, 1st ser.,58.1913, Q—J
Phila.&Erie gen. M. 5g.,1920, A&O
Gen. mort., 4 g ..........1920, A&O
Phila & Read, new 4 g., 1958, J&J
1st pref. income, 5 g, 1958, Feb 1
2d pref. income, 5 g, 1958, Feb. 1
3d pref. income, 5 g, 1958,Feb. 1
2d, 5s...........................1933, A&O
Consol, mort. 7s........ 1911, J&D
Consol, mort. 6 g ........ 1911, J&D
Improvement!!. 6 g., 1897, A&O
Con.M.,5 g.,stamped,1922,M&N
Terminal 5s, g ........ 1941, Q.—F.
Phil. Wilm. & Balt., 4 s.1917, A&O
Pitts. C. & St. L., 7 s ....1900, F&A
Rochester Railway, con. 5s ..1930
Schuyl.R.E.Side,lst 5 g.1935, J&D
Union Terminal 1st 5s.......... F&A
91
10i
92
A t « ^ Br f l,tian? ^ e i907 J&J
Baltimore Belt, let, 58.1990, M&N
Balt. C. Pass. 1st 5a__ 1911, M&N
Balt. Traotion, tat 5a..1929, M&N
Exten. & Impt. 6a___1901, M&S
No. Balt. Div., 5a.......1942, J&D
Baltimore & Ohio 4 g., 1935, A&O
Pitta. & Conn., 5 g__ 1925, F&A
Staten Ialand, 2d, 5 g.1926, J&J
Bal.&OMo S.W.,lst,4%g.l990, J&J
CapeF.&Yad.,Ser.A.,6g.l916, J&I
Series B., 6 g . . . . . . . . . . 1916, J&D
Series C., 6 g ..........1 9 1 6 , J&D
Cent. Ohio, 4% g ............ 1930, M&g
A tla S icclty lsthJ sf g® 19 lb* M&N 100
Cent. Pass., 1st 5a.......1932, M&N
Buffalo Ry. con. 1st, 5s..........1931 ....... .
City & Sub., 1st 5s........ 1922, J&D
Catawissa, M., 7b........ 1900, F&A ....... . , 1084 Chari. Col.&Aug.ext.5a.l910, J&J
Choc. Okla. & Gulf, prior lien 6s.............. 106
Col. & Greeny., 1st 5-68.1917, J&J
Citizens’ St.Ry.of lnd.,oon.5s.l933 50
75
Ga. Car. & Nor. 1st 5 g ..l9 2 9 , J&J
Columb. St. R y„ 1st, con. 5s.. 1932
Georgia Pao., 1st 5-6a..-1922, J&J
Colimib. O. Crosstown, lst,5s.l933
Nortn. Cent. 6a...............1900, J&J
Consol. Tract, of N. J., lst,5s,1933 78
80
6s.................. ............... 1904, J&J
Del. & B’d Br’k, 1st, 7s.1905,F&A 120
Series A, 5s................. 1926, J&J
Easton & Am. lstM.,5s. 1920,M&N
4% s..............................1925, A&C
Eleo. & People’s Trac. stock, tr. ctfs ”6 5 4
Piedm.&Cam.,1st, 5 g .1911, F&A
Elmir. & Wilm., 1st, 6s. 1910, J&J. 120
Pitts. & Connells. is t7 s .l8 9 8 , J&J
Hestonville M. & F., con. 5s.,1924
Southern, 1st 5 s.........1 9 9 4 , J&J
Virginia Mid., le t 6s. ..1906, M&8
Hunt. & Br’dTop,Con.5s.’95,A&C
Lehigh Nav. 4 4 s .......... 1914, Q—J
2d SerleB, 6 b.................1911 M&e
2d 6s, gold..................1897, J&D 102 4 103
3d Series, 6s..........1 9 1 6 , M&8
General mort. 44s, g.l924,Q —I
101
4th Series, 3-4-5s.......1921, M&8
Lehigh Val.Coal 1st 5s,g.l933,J&J
5th Series, 5 s . .. . .__ .1926, M&8
95
96
Lehigh Valley, 1st 6 s...1898, J&D 104
West Va 0.& P. 1st, 6 g.1911, J&J
I 2d 7s........................... 1910, M&8 127 j130
Wept’i. N.C. Consol. 6 g-1914, J&J
Consol. 6 ..................... 1923, J&D
Wilm. Col. & Aug., 6s..1910, J& r
Newark Passenger, con. 5s... 1930 ........ 100
MISCELLANEOUS.
North Penn. 1st, 4 s....1936,
Baltimore Water 5 s ... 1916, M&N
1034
Gen. M. 7s................... 1903, J&J
Funding 5 s . . . . - .......1916, M&N
Exchange 3%s............1930, J&J
Paterson Railway, consol. 6s........
Virginia (State) 3a,n ew .1932, J&J
Pennsylvania gen .6s, r.. 1910, Var 130 131
Funded debt, 2-3s.......1991, J&J
Consol. 6s,c
........1 9 0 5 , Vai
Consol. 5s, r................. 1919, Var
ChesapeaseGas, 6 s.....1 9 0 0 , J&D
Oollat. Tr. 4 4 g..........1913, J&T
Consol. Gas, 6 s . .. . . . . ...1 91 0 , J&D
5 s . .. . ............
Pa. & N. Y. Canal ,7 s ... «. 6, J&X
.1939, J&J
Con. 5s........ ............... iQPf) a &O .........1084 Eonltable Gas.fta----- 1913. a *
U Unlisted.
4
And aoorued interest.
Hignet
8 4 Aug. 7 17% Feb. 24
4 Feb. 24
4 June 8
114 Sept. 2 4 4 4 Jan. 27
60 July 20 70 Jan. 2
1 4 4 Aug. 10 194 Apr. 1614 ** Aug. 10 19 Apr. 17
200 Aug. 4 217 Jan. 28
200 Aug. 10 209 June 1
149 Aug. 11 171 Feb. 19
10 Mar. 3 1 1 2 4 Mar. 10
5 2 4 July 10 56 Feb. 28
53% Aug. 7 824 Apr. 24
60 Aug. 10 7 9 4 June 17
4 Aug. 8 1 24 Jan. 2
14% Aug. 14 30 J an. 2
8 4 4 Aug. 14 97 Feb. 10
2 7 4 Aug. 27 3 8 4 Jan. 30
7 8 4 Aug. 7 109% May 25
6 4 Aug. 6 1 2 4 Feb. 24
35 Aug. 1 51 Jan. 28
55 Aug. 12 85 Jan. 28
65 Aug. 27 70 Feb. 14
4 May 25 1114 8ept. 4
9 4 Apr. 17 X20 Sept. 4
173 Aug. 11 179 May 8
49% Aug. 27 54% Apr. 23
14 Jan. 10 84* June 10
5 7 4 Aug. 10 7 2 4 May 5
3 Jan. 23 10 Apr. 21
S% Aug. 7 20 May 18
103
744
33
194
164
73%
32
18%
14 4
120
124
......
104
.........1C04
0
Active Stocks.
f Indicates unlisted.
AND BALTIMORE STOCK EXCHANGES.
Sltare P r ic e s — n o t P e r C e n tu m P r ic e s .
00
^
M
O
BOSTON, PHILADELPHIA
LVOL. LXI1I,
-a
£
3^2
104%,
109
100
101% .........
107
115
80
113
107
101
105%
100
95
118
80%.
114
108
1014
106%,
99
| 45
" 93 ” i o o "
108 I........
107% 108%,
101% 103
101% 105
66% 70
105
107%
110
109
108
100
102
83
83%.
109 109%
108% 109%
110
100
102
103
1 0 1 % 102 %
110
.
115
121
103
70
68
57
57%
104 104%
112 % 113
101 (101%
THR
SEPTEMBER 6, 15596.]
CHROM LCLE.
393
Jfgif YORK STOCK. EKCttTNiJE PRICES CCaatlaaedD-TOT/TS 8 0E D 3 SSP1. 4 4cVD FOR TEAR 1 § 9 » .
RAILROAD AND
Miscellaneous BONDS.
I Infst
Range (suits) in 1896
Period Sept. 4. ~~Lowest.
Highest.
R ae lbo ad and
M is c e l l a n e o u s B o n d s .
Closing
I n f st Price Range (sales) in 1896.
|Period Sept. 4.
Lowest.
Highest
75% Aug. 87 Feb.
Arner. Cotton Oil. deb., Sg-1900
104 b 102% Au*. 111% Jan.
M. K. & Texas.—1st, 4s, g.1990 £, & D 89
50%
2d,4s, g ............................1990;F A A
44 Aug. 63% Feb.
San Arbor.—1st, 4a, g ....... 1995; Q—J
07%
63 Aug. 72 Feb.
A L T . 4 S.F.—New gen. 43.1995.A A O: 75
68% Aug. 81%Feb,
Mo. PaA—1st,con.,6g.......1920 M A N ' 79 b. 78 July 97 Jan,
3d, 7s...................... : ........1906 M A H 99 b. 99 Sept. 112 Jan.
Adjustment I s ................. 1995; Nov.
34
28% Aug 51'-5 Feb.
CoL Midland—Cons.,4g. 1910 F A A 1* 19 a. (19% July ;(27 Fab.
Pad. of M o .-ls t ,e x ,4 g .l9 3 3 f A A TOO a. 100 Aug. 104% June
100 Aug. 106 Apr,
2d ext. 5 a .................... 1938 £ A J
Atl & Pae.—Soar. 4s....... 1937 ........... 3d b. 40 Mar. 50 Apr
95 Aug. 102% Jan,
B'w ayA7 th A.v.-lstc«i!.g.5s'43 J & D 11 «%b. 109% Aug. 117% May
St. L.AIr.M t.latext,,5a,1897 F * A. 99
2d, 7 g ...........................1897 M A N 97 b. 97% Aug. 103% Apr.
102 ~Jan.
Brooklyn Elev. 1st, 6g . . . . l 924;A A O 78 a “76 July
- ..................
70 Sept. 100% Jan
Cairo Ark. ATexas, 7g.l89“ j A D 100%a. 99% July 102% May
Union Elevated.—6g— 1937 M A N 71
----------------? .1 9 3 i A A O 69
B’klfuW hrf&W .H -l3t,5a,f745 F A A 93
Gen.
R’y Aland. gr.,5g-1931
68 July 31% Mar
90 Aug. 101 May
105 Aag. 110% Jane Mobile A Ohio—Ne w 6g ...1 9 2 7 J * D 113%b. 113 Aug. 120% May
Canada Southern.—1st, os,1903 J A J; 102d, 5s................................ 1913; M A S BS b. 98 Sept,:107 Feb.
General mortgage, is
1938.M ? 8 58 b. 56 Aug. 68% Feb.
125 Sept, 132 June
Central of H. J .—Cons.,7 a 1899 G—J 103 %b. 103% Aug. 110% Mar. NasU-Ch. ASt.L.—1st, 7a,.1913,J & J 126
95
93 July 102 Feb
ConsoL, 5g........... .......1 9 2 8 A A O
L15% Feb. 120 Apr.
ConsoL. 7s ...................... 1902 M A N
100% Jan. 103% Apr
General mortgage, 5g. . . 198<;J A J 11 s%b.T10 Aug 120 June N. Y. Central—Debtext.4s.l905!M A N
Leh-A W.B.,oon.,7B,fte,a.l9 0 0 Q—M 112%b. 102 July 106 Feb. jglst, coupon, 7s...... ......... 1903; J * J 114%b. 112 Aug. 120% Mar
“
mortgage5a-1912 M & N . . . . . . . . 90 Aor. 92% Mar.
.Deben .oa.ooup., 1884..1904M & 8 103 b. 102% Aug. 109 Feb.
111% May 111% June
' ‘Mar.
*
Am, Dock A Imp., 5s— 1921,3 A .1 110 b. 108 Aug. "114%
N. Y, A Harlem, 7s, reg..l900|M A N
99% Jan. 104 .May113 July 119% Feb.
Central Paoitle.-Gold, 6s,1898;J A J 100
K.W, AOgd.,consols,SS.1922 A A O
Ches. A Ohio.—Ser. A, 6g.. 1903 A A O 113 b. I l l Au.'. 119 July i West Shore, guar., 4s..,.2361;J A J 102 % 100 Aug, 107% June
99% Aug. 105 Feb
Mortgage, 6 g _____ _— 1911 A A O 114 b .{ll4 % Apr. 1 U J u iei N. Y. Ohio. A St. U —1 *...1 93 7 A A 0 102
________ 51 A A 10t%a- 100 July
„ __O______________
* ' l t l % Apr. N. 5'. Lack. A W.—1st, ga..1921 J A J 130
120 Aug. 133% June
I„stO
n s o L .S g ...................1939
113%a.|112% Mar. 115 June
65 Aug. ; 78 % Feb. ; Construction, 5 a ........... 1 9 3 3 F * A*113
General 4%s, g . . . . ..........1992 M f S 6 7 %
E.A A. Dlv„ l3toon .,4g.l939 J A J 93 b. 90 Aug. 97% June; N.Y.UE.AW-,-lst,oou.,7g.l920 M A 8 128 b. 131 Aug. 140 Feb.
•*
2d con. 4g..l939,J A J
. j b. 75 Aug. 88 June: VtOOft Dock, consol., 6 g. 1935 A A O ............131% Apr. 131% Apr,
Ellis. Lex. A Big. San.,5g. 1902 M A 8 , 98 a. 93 Aug. 102% Feb. N.Y.H. H. A H.—Con. deb.otfs- A A 0 127%A 127% Aug. 137 Feb.
Chic. Burl. A Q.—C on 78.1903 J A J 112 b. 110% Aug. 120 June N. Y. Out, & W ,-E ef. 4s, *,1992 M A 8
32 July 93% Feb.
95
102 July 110 Feb.
. ilO
i » il^~tAa.*.*.
Consol., 1st, 5s, * ............1939 J * R
Debenture, 5a............ ...1918 M A >
92%b
1 - Ju'y
p r90 July 100 Jan.
93 Aug. 104% Feb. N'.Y.Siis.A\V.lstref.,5s,gl937;J * J
Convertible 5a................ 1003 M A »;
S3 b! 87% Aug
95% June
Midland of N. J., 6s, g ...1910 A A 0
109% Sept, 118 Mar.
Denver Division 4g.......,1922 1' A a
67 Feb.
Nebraska Extension, 48.1927 M A > 64 %b. "go Aug. 91% Feb. sorf.A M .—100-year,oa,g.l990 J A J
00 Jan.
Han. A 8t. Jon—Con9.6s.191l >1 A a 109 b. i l l Aug. 118% Jan
No.Paoiac—lst, eotip. 6g.Xy2't;J & J
109% Aug. 118 Mar.
109 Aug. 114%June
Do. J. P, M. A Co. cen ts. ... .
Chic. A- K. liL—lat,«. t. 6a. 1907 J A D 114 a 110 Aug. 117% May
General.eld, coup., 6 g .. 1933:A A O
Consol. 6 g ................. ...1934 A A U 123 b. 118 Aug. 127 June
100 Jan. 1115% JTie
96% Sept. 102% Apr,
f 59 July 82% Mar.
General, 3d, coup., 6 g .. 1337 •} A D
General eonsoh, 1st 5 s.. 1937 MA N : 97%
Consol, mortgage, 5 g .,.19 3 9 J, A D
Chicago A Brie.—1st, 5g .1932 M A N 101% 101% Aug. 112 Feb,
31% Jan. 151% Apr
CoL tnutgold notes, 6s. 1898 M A S t 86%
CWerOas L, A C .-l* t,5 g . 1937 J A J. 80 b. 82 Sept. 93% Feb.
76% Jan. 94 Apr.
—-A.
,
lo
t
,5
g..i94o;A
A
O
i
41
135%
Aug. 148% Apr.
Chle. M il.* 9fc P .-C o n 7 s . 1903 J A J 122%b. U a Aug 132% June
O ld e.& N .T ae., 1st, 5 *..194012 «■ m . —
1st, Southwest Dlv., 6 » .. 1909 J A J UO b. 106 Aug, US May
S eat L. 8. A
ls t .g u .6 .193 V F A A ............. 136 Mar. 144% Fab.
If.. So. Minn. Dlv., 0S..191O;J A J 109 b. n o Aug. 113% June No. Pac. & M ont—6 * .......1938 H * 3 f 32 b. 126 Jau. 139% Apr.
l8t,Ch,<tPnc.W .Dtv.5s..l92lJ A J 109% 103 Aug. 113% June ; No. P acliloTer. Oo—6 g ...1 9 3 3 J A J
b. 99% Aug. 109% June
Mo. Ri V.Dl Y\,5ft.. 1920 J ^ J 105
; *W
102%Aug
STI auk . U111
i i «i
June
uue Ohio A M iH 9.-Con.af., 7s. 1893 •] & J
100 Aug, 101% May
Wl8cs,*Mlnn.,Dlr ,5 g ...l9 2 i;j. A J 109 a. 103 Aug. 112%Mar, Ohio Southern—1 s t 6 g,..1021|J &
1). 70% July 94% Feb.
35 Feb.
Terminal, 5 g ................. 1911 J A J 10S b. 105 Aug. 1U June
June ‘ General mortgage, 4 g . , 192 l|M A N
b. 25 Jan.
Geu. M .,4 * :,s e rie s * ....1939 J A J * 93 a. 91% Aug. 93
~
June
75 July 91% Jan.
’ Oregonluipr. Co.—Is t6 g .,1 9 1 0 J A D
b. l 7 J oly 36 Jan.
MIL * N o r.-m ,e «n .,6 » 1913 J A D ........ . 115% Jan 1119 May
ConsoL, 5 * .....................1939 A A O
b. 104 Aug. 112% June
Chlo. A N. W .-C on *01..7 ».1915 Q - F 133 1... 129% Aug. ,141 Jan
O re.R .A -N a v .C o.-U t,O g .190f» J A J
Coupon, gold, 7 «.............1902;J A I> U i%i>. 115 Aug. 120 May
b, 190 Jan. 198 Feb.
ConsoL, 5 * ..................... 1925 J A D
113% June
Mar. Penn. Oo. -4%g, oou p ____1921 I A J
Sinking fund. 6 «............ 1929 U i ) 106%i>, io.«% Aug. _.116
..
Mar.
, i.
P.C.O.ASt.L.,con. gu 1 % 19 1 2 ........... 1 ----------- 103% Aug. 112% Feb.
...........
• l"
Slaking lumt.debeu.. 5*. 1933:M A N 105 b.T0S% w ep t.iiu % Apr. Peo. Dec. A E vansv.—6 g .l9 2 0 'J A J >*g b. 99% Ju ly 103 Mar.
101 Mar.
25-year debenture, 5 s... 1909 M A N ’ 104 %». 103 Jan. ,107 Apr.
Evaus. Division, 6 * ....... 1920 M A S| ............. 101 Mar.
.............. 1936 M A N
26 Mar, 31 Feb.
Extension. 4*................. 1926;F A A 102
; 9» sept. 102% Apr.
Ohle.R.1.AFac.—6»,coup. 1917!J & Jt 120 b.U19%Aug 130 June Phtla. A ibiad.—G en ..4 g..l>.»58 J A J 71% 107 An*. 180% June
32
j 18% Jau. 130% Jan.
Extension and eoL, 5*...1934 J A J 99%
94% Aug, : 106 June
1st pf. tno„ 5 g. 2d Inst. pd.'5N ........ 19% : 5% Jan. 122% Jan,
30-year debenture,So... U>2! M A 8 3S%b,! 37% S-pt. 97% Fob,
2d pf.lno., 5 g., 2d Inst. pd.'5S ..... 16 b.
3% Jan. *20% June
Clue. Sc P. M. A 0 . - 6 s . . . 1930 J A D 120% 117 July 129 Mar
3 4 pf.inc., 5 g „ 2d lust, p L*->8 .........
C blc.A V .lad.-O en.,g..«s. 1932 % ~M 113 8*. 113 8ept.;
..........................
U8% Feb. j Pittsburg A W estern— l *.1917 J A J 69 a. 61 Aug. 77 Jan.
Cleveland A Canton.—5 «.. 1917 J A .1 .180 a. >70 Aug. 90 Jan. I Bio Or. W estern- 1 s t 4 g .1939 J A J 69% ! 63 AUg. 77% Feb.
d e v . (sir. A WnetsL—5s...l933|A A O 102 a. !02 Aug. 107% Mar. S t Jo. A Or, Island—0 g . . 1923 M A N 33
ji 37 Aug. 151 Jan.
C .C .C . A (.-C onsol. 7« ..1914 J A D . . . . . . . . in* Jau. T 34% May S t L. A 9an F r .- 6 g , CL B . 19061M A N
b. l l 1% Jau. 117% Apr.
b.
108 Aug. 118 Apr,
General consol., «g ___1931.J A J, 124 a. 125 May ; 127 May
6 g., Class C..................... 1906 M A N
b. 101% Jau. 114 June
<J.C .C*St.L.-Peo.*E .,4*1940 A A G
74
, « o Aug. 80 Jan. ; General m ortgage, 6 g . . 1931 •> A J
Income, i* .....................1900 April. ' 10%b lo A u * .; 23 Jan.
b. 23 May 38 Mar
Cons. guar. As, g..............1990 A A O
Col. Coal A Iron—6g..........!900:F A A 95 b. 94 % Jan. 100 Jan. fit L. A So. W.—1st, 4a, g .19 89 M A N
b. 60% Aug. 76 Feb.
24% j 23% Aug. 32 Feb.
Col. A 9th Are. gv. 5s, R..19U3 it A 3 U l% «. 109 Aug. 115% July
2d, 4s, *., income............193ii;J A J
80 Aug. 90 Feb. 8tP .M .A M .—Dak.Ex.,6 g . 1910 M A N 112 b. 113% AUg. 121% Mar.
C o tti.V a l.* T o a —Con.,5g.l931 M A a 81 %b,
‘
~~
80 b. 80 Jan. SO Apr. I I s t c o n s o L .O g ...............1 9 3 3 J A J 110 b. 117 Jan. 124% June
General, e g .................... 1904 J 4 3
110% Jan. 114 Apr. I
..TOO Au*. 106 June
“
r e d u o e d t o 4 % * .. J A J
Dear. A EloOr.—lst,7»,g.l900!M A N 112
86 U. 83 Jan. 92 May
1st consol., 4 g................ 1936 J A J
M ontana extetulon , i g .l0 3 7 ;J A D 88 b. 84% J uue 89 Feb.
93 b.i 92% July 98% June S an -A ntA A. P.—l*t,4g.,gu.'43:J & J
Dal. So. 8h, A AtL—5g--- 1937'J A J
45 Aug. 59 Feb,
Edison El. I l l , - 1*1,oon.gJ5s.’07> J & J 99 b.l 97% Jan. 40:">% June So. Car. A Oa.—1st,
97 Apr.
93 Jan.
—le t , oS g*...1
. . . 91 9 M A N
Erie—1, g, prior bonds.... 1996,J * J 86 b.l 33 Aug. 95% Feb. So. Pantile, Aids.—6 g... 1909-10'J A J
93 Au*. 97 Feb.
General, 3 - i ,g ..............1996;J & J
38 %b. 54% Aug. «7 Apr. So. PaoiHo, Cal.—8 * . . . 1905-12 A A O
107 Apr. 112 Jidy
F a W. A Dens. C i t y . 1921 J A It < 51% |i46% AUg. t70% Feo,
1st oonsoi.,gold, 5 g. . . . . 1937 A A O
87% Aug. 92% Apr.
GaLH.*8an.An-M.AP.D.Ut25g;M A N 91
: 90 July i03
Jan. So. Paolllo, N. M .-6 g .......1911 J A J
101% Jan, 106 Feb.
Geo. Electric, dob. 5 « ,g ...l9 2 l J A D 85 b,, 82 Sept. 93 % Feb. Southern—1st cons, g, 5a. 1994 J A
76 Aug. 94% June
Hoo*. A T. Cent, gen.4gg.1921 A A G 67 b 63 Apr.
90 Mar. 93% Feb.
E. Tena. reorg Hen 4-5«.lV(3- M A
71 Apr.
Illinois Central.—4s,g.___1953 M A N
99 Jan. 102 Feb.
E.T. V. A G .—1st,7 g ....l9 0 0 J A
108%h. 106% Aug. m % June
Western Lines, 1st, 4*. g,1951F A A *101 !> 97 Au*. 103% July
Con. 5 g ......................... I 95 « ;M A S 102%b. 100 July 109% Apr
Georgia Pac. I*t5-6s, g.,1922 J A J 103
103 Sept 114 Jan.
Int-AUreat N o r .-l* t,6 « .* .m 9 M A N 115
114 July 118% Apr.
63
2 d ,4 -S s ............ ......... ..1909 M A .— 'b ' 66%
— Au*.
•
Knoxv. A Ohio Ist6 »,g..l9 2 5 J A J 110 a.,113 Feb. 116 May
77% Feb.
low a Central—1*1,5*
1938 J A D 91
1 87 Aug. 93 May
Rich. A Danv. con. 6s, g.. 1915 J A J 113%b.T10% Au*. 121% June
King* Co, Eley.—1st,5g . 1925 J
30 b.l 37% July 71 Jan.
W oetNo.Carl»toou.6s,gl914 J A * 100 b. 103 Sept 114 Apr.
Laoiede Gas.—1st, 5».g. ..1949, Q—F
87% , 85 Aug. 98 Jau. Tena. 0.1. A Ky—Ten. D 1st, 6* A A O 73 b. 72 Sent 93 Feb.
(110 AU*. 117% June
Lake Erie A W e * t-B f..,.1 9 3 7 !J A J 114
Birmingham Dlv., 6 *...1 91 7 J A J 75 b. 80 July 95 Feb.
L. ehorA—Con,op.. 1st,7s. 1900 J A J —
109
b.;106 Aug. 115 Jan.
Texas A Pacino—1st, 5 g . . 2000 J A D 80% 1 73 AUg. 91 Apr.
Consol, coup., 2*1, 7s...... 1903 J A D 112 b. 113% Sept. 1120% Mar,
17
; 13% Aug. 24% Feb.;
2d, incom e, 5 g ........ ...2 00 o March
Lex. Av. A P»v.F,gu.5s,g.l9!>;i;M A 8| I 'll
109 Ang, 115% July
Toledo A Ohio Oent—5 g.,1935 J A J 105 n.105 Aug, 109% June
Loug Island.— 1st eon., 5g. 1931 % -J 122a. 117 % J an. 120 Feb. Tot. S t L. AKati. C.—8 g,..1916J A D 1 61
102% Aug. 1 77 Feb.
General m ortgage,4g...193*
' D'
rage, 4*...1938 J A
91 a. 90 Aug 98 Jan.
Union Paotflo—6 g
.....1 8 9 3 J A J 99 %
99 % Sept 107 May
Louts, A Nash.—Con*.
~
Cons. 7*.,139s
A A G 104% 104% 8 apt. Y08% Mar,
E x t sinking read, 8 .....1 8 9 0 M A S
73
i 73 Sept 97% Feb.
N. O, A Mobile,, ls t,6 g ...l9 3 0 J A J *111 b. 113% Aug. 119 Feb,
Collateral trust, 4% .......19181M A N
148 May 154% Feb.
“
2d. 6g.
1930J A J 00 b. 96 Aug. 102% May
Gold 6s, c o t trust notes. 1994 F A A
. . 91% May 08 Jan.
General, 8 *........................ 1930J A I) *110 b. UO Sept. U 7 Ts Apr,
Kan. Pao.~Den.DlT.,0g.l999 M A N
..1 0 0 Jan. 111% July
drifted, i g ...................... 1940 J A J 72%
63% Aug, 80% Feb.
letoonsoL, 0 * ......... ..1919 M A N 00 b. i150% Aug. 177% Feb.
Lonls.N. A. * 0 b . —l « , 68.1910: J A J *110 a.110% July U 4 June
115 Apr
Oregon Short Line—6 g . 1922 F A A 106
1100
ConaoL,6g.......................... 1010A A O * 82 a 74 Aug. 103 Feb.
♦70 Feb.
Or.S.DAUt'hN,—O on .,5gl919! A A O 58 b. 148
Manhattan consol. 4s..........1930A A O ' 89 !>.: 88 Ang. 99% Mar.
U.P.Den. A Gulf,con .,5 g.1939! J A D 30
40% Apr.
20
Metro. E le v a te d .-1st, 6g. 13<WJ A J 114 b. U l % Aug. 120% June U. 8. Cord.—1 sto o l . , 8 g . . . 1921 J A .1 t 17% 111
136% Feb.
2 4 ,6 * ..............................1 8 9 9 M A N I02%b. l o t
105 Apr
Aug. 108 Apr, Virginia MIT—Gen.M., 5s. 1936 M A N 87 %b. 93
M icA Cent.—1st,cons., 7s. 1902 M A N 11 J% I l l
Ausc, 119 Jau.
109 Apr.
Wabash—1st, 5 * .............1 9 3 9 M A N 103%
90
ConsoL, 5 s...... ................1902!M A N ............103
July 103% Feb.
2d mortgage, 5 *______ .1939F A A
63%
61% Aug. 77% Feb.
M il,Lake Sh, * W.—lat,6«.1921 M A N 125 b. 122 Aug. 132% Apr.
WestN. Y! A Pa.—1st, 5 g. 1937 J A .1 102 b. 100 Au*. 103% May
Bxten. A Im p.. 5 *. .....1 9 2 9 F A A 103 b 101 Aug. 115% May
Gen. 2-3-40, gold............1943 A A O
39 b, 33 . Aug. 49% Feb.
M ian.A S tL .—lstcd n .e s,g. 1934. M A S
9 8 % b / 98 An*. 103% Apr.
W estUn.Tol.-Coi tr, 5 s..1933 J A J 102 a 101 Aug. 103% June
M«x K. A E.—1st 5s, *., *n,. 1942 A A O 86
81
Feb.
■T ut. < 1 , r 5 * . . . . 11*37 .1 A J f 31
Aug. 94 F"b.
1125 ■
NOTH.—"!>** indicates price bi4;
price a sk ed ; the range Is m ale up from actual sales only, * Latest prloe thU week, t Trust receipt*
S nW YORK STOCK BXCilAVUE PRICES—IContinued), —IK AC TIVE BONDS—SEPTEifBER 4 .
secrrR m m
Bid, j|Auk. 1
MifrOJMt Boa*! 9,
AMhmm* SftiL—1
«a«r, . l d2£
Aich. Topeka -fe Han FVan.—*
ChiCi*«ro A* Ht. Lou.—lat, fii.191?
Cot. m>h i
All. A
-■*,.
...jo il
W; D„ STtt, 0s*<190*1
u ty
WAIf A OWn t y , o*, I* tr* f|
SECURITIES.
Bid.
A s k .!
B4 1
iBall. A OWo—
g o l d . .. . . . . . .1025
.1044 IQQHl
Coa*. raorfe. col a, S#*
; W V-4. A
1090
90- : R. 4k O. S. W,, 1
i o 6"
,. 1000 ;
MoftOii. © w , I-n*.
go 5a.,,1910
c « m 'l Ohio Roor.—
j .....
a k.ACh. Jnoo.—i*elf ,Sfl,*rii..1030
.....
..... Brooklyn K!ov!*t#?d —2 4 ,J$#,.. .1915
44
1 i %#mUps 4% S .B .—l4t.sr.fKjm. 19421 . , . . : .....
B f‘1*3.1!) IU 0. Tr;in —rtnhhrm OOitu 73
SECURITIES.
Bid. : Ask.
Brunswick <fe W’ n—1st, g., 4s.U>38:
Buff, llofeh. A Pitts,—Geh. 5s.. 1937; 92%
Rooh. St P., 1st, 6 s . .............. 1921 '
Hoeh. <%I’ ltt-M.—Ooc-f*.li»t46 «s,1022 :
; Bttff, A Sii«*'i»0h,—
on,
191*3!
Burl.Owl.R»p. A No. 1st, 58.19001 101
Consol. & coital, trust, 5 s.. 1934
Minn. A S t L.—1st, 7s, g u .. 1927:
Ced. Rap. I. P. A N „ lit,.08.1020!
- a - 1-19*2 l
74
THE CHRONICLE.
394
[V o l .
Lxm,
H&YI YORK STOCK EX CHANG E PRICES. —INACTIVE BONDS—f Continued J—SEPTEMBER 1.
SECURITIES,
SECURITIES.
Bid.
Ask.
SECURITIES.
Bid.
Ask,
Northern Paciflo—
"’•vans. A Indian.—1st oons..l926
O.OM0- C 0I. *Cln.M.lst,4%s.l938
C. d’Alene—Gen. lst,g., 6s..193?
Flint A P. Marauette—
Cent. RR. * Bank. -C ol. g.Sa.1931
Cent. Washington—1st,g.,68.1931
'....................
1920
M
ort.
6e......
Cent, of N. J.—Conv.deb., 6b. 1908
100 105
Norfolk A South’n—1st, 5s,g.194
1st, oon. gold, 5 s ..............1939
100
Cent Paciflo—Gold bonds, 69,1897
81
Norfolk A W e s t Pt. Huron Dlv.—1st, 5s — 1939
Gold bonds, 6s.....................1898 100
General, 6s ..........................193)
Fla. Cen A Pen.—1st g. 5 s....1918
San Joaquin Br., 6s.............*22$ *99
New River 1st 6s................ 1932
1st con. g., 5 s .......................1943
Mort. gold 5a........................1939
59
Imp. A Ext., 68.....................1934
St. Worth A R. G.—1St g., 5s..1928 50
Land grant, 59, g................1900
Adjustment
M.. 7 s ..........-..1921
Gal.
Har.
A
San
Ant.—1st,
6s.
1910
100
%
Ext. g. 5s, series A B C D ..1898
96
Md. A Wash. Div.—1st,g.5s.1941
2d mort., 7s....................... ..1905
Cal. & O. Div., ext., g. 5 s ...1918 *99
Soioto
Val.
A
N. E.—1st,4s,.1981 *70
Ga.
Car.
A
N
or.-lst,
gu.
5s,
g.1929
West. Pactlic—Bonus, 6b----1899 100 102 %
Ohio A Miss.—
Grand Rap. A Ind.—Gen. 5s.. 1924
No Railway (Cal.)—1st, 6s.1907
122
Consol.
7s.............................1898
101%
Housatonlc—Cons,
gold
5s—
1937
91
50-year 5s......................... 193S
2d consol. 7 s........ .............. 191) 103
N.Haven ADerby, ConB.5s..l918
*Ches. A O.—Pnr. M, fund, 6s.1898 100
125
8pring.Div.—1st
7s...............1905
Hous.
AT.
C.—Waoo
A
N.
7s..1903
Craig Valley—1st, g., 5s....1940
General 5s.............................193
1st g., 5s (lnt gtd)............... 1937
Warm Bpr, Val., 1st, g. 5 s..1941
102
Ohio River RR.—1st, 5s..........1931
Cons. g. Gs (lnt. g t d ).......... 1912
Oh's. O. ASo.West.—1st 6a, g.1911
Gen, g .,5 s............................. 193
Debent. 6s, prin. A lnt. gtd.1897 *85
$.1, 6s.................................... 191)
35
Omaha A S t Louis.—1st, 4 s ..1937
Debent. 4s, prin. A ln t gtd.1897 *80
Oh. V.—Gen.con.let,gu.g.Ss.1938
Oregon A Califor.—1st, 5s, g.1927
Dlinois Central—1st, g., 4c...1951 110 %
Chicago A Alton—8 .1'., 6s— 1903 114
Oreg.
R
yA
N
av.-C
ol.tr.
g..5e,191f
1st. gold, 3%s...................... 1951
Lints. A Mo. River—1st, 78.1900
102
Penn-P.C.C.A8t.L.Cn.g.4%sA194<
GoldT4s................................. 1952
2d, 7s..................................1900
Do
do
Series B........
2-10g., 4s............................. 1904
8t. L. lacks. A Chic—2d, 7s 1898
P.C.AS.L.-lst,0.,7s...............1901
Cairo Bridge—4s.................. 1950
Mtss.R. Bridge—1st,s. f., 6a.l912
Pitts.
Ft.
W.
A
C.—1st,
7s...1912
Springf. Div.—Coup., 6s---- 1898
Clilo Burl. A Nor.—1st, 5s....1926
2d, 7 s ....... ....................... 19 1:
Middle D iv.-R eg., 5s..........1921
i'**benture 6s............. .......1 8 9 6
191:
3d,
7s..................................
C. St. L. AN. O.—Ten.1.,78.1897
Clilo. Burling. A Q.—5s, s. f-.1901 99 102
103
i ih.St.L. AP.—1st,con.5s,g. ..193:
1st, oonsol., 7s................... 1897
Iowa Dlv.—Sink, fund, 5 s..1919 T06
110
115
Ulev. A P .—Cons.,s. fd., 7s.l90C 113%
Gold, 5s, coupon...............1951
81nklngfund,4s...........
1919 93
Gen. 4%s, g „ “ A ............ 194f
Memp, Div., 1st g. 4s.......1951
Plain, 4s....................
1921
St. L. V. A T. H.—let, 6s., 78.1891
105
Ced. Falls A Minn.—1st,7s.. 1907
102
Chicago A Iowa Dlv.—5s. ..1905
2d, 7s.................................. 189?
96 Ind. D. A Spr.—1st 7s, 1906, trust
Ohio. A Indiana Coal—1st 58.1936
2d,
guar.,
7s.......................
189?
rects., ex bonds...........................
Ohl. Mil. A 8t.P.—1st,8s,P.D. 1898 1021s 104
95
Gd. R.AI. E x t —1st,4%s,G.g. 1941
Ind. Deo. A W.—1st, g., os__ 1935
2J. 7 3-lOe, P. D .................. 1898 118
Peoria A Pek. Union—1st, 6s .1921 107
Ind. Ills. A Iowa.—1st, g, 4s..1939
1st, 7s, $ g., R. D ..................1902 120
2d mortg., 4%s..................... 1921
69
1st, e x t, g. 5s. .................... 1943
lit , I. A M .,7e..................... 1897 117^
Pitts. Cleve. A Tol.—1st, 6s...192:
lnt. A G. N’n.—3d, 4s, g ...... 1921 20
lit , I. A D „ 7s..................... 1899 117%
45
King8Co.-F.El.,l8t,5,g.,gn.A.1929
Pitts. A L. Er.—2d g. 5s, “ A” . 192?
1st ,C. A M .,78..................... 1903 122
Pitts. Me. K. A Y.—1st 6s___ 1932
Lake Erie A West.—2d g., 5S.1941
1st, I. A D.Extension, 7 s ...1908 123
i o o ’ Pitts. Painsv. A F ,—1st, 5 s ...191?
North’n Ohio—1st, gu. g. 58.1945
1st, La C. A Dav., 5e........ 1919 103
Pitts. Shen. A L.E.—1st,g.,5s. 1940
1st, H .A D .,7 s....................1910 111=6 119% L. 8. AM.Sou.—B.AE.—N ew 7s.’98 103
1st oonsol. 5s........................ 1943
Det. M. A T.—1st, 7s............1906
1st, H. A D., 5s....................1910 101
Pitts. A West.—M. 5 s,g.1891-1941
Lake Shore—Div. bonds, 7 s.1899 105%
Chicago A Pacific Div., 6s. .1910 11 0%
Pitts.Y’gst’nAA.—1st, 5s,con.l927
Kal. All. A G. R.—1st gu. 5S.1938
Mineral Point Div. 5s..........1910 103
Rio Grande So.—1st, g., 5 s ...1940
65
Mahon’g CoalRR.—1st, 5s.1934
0. A L. Sup. Div., 5s........... 1921 103
99% S t Jos. A Gr Is.—2d ino........ 192E
Fargo A South., 6s, Assu.,.1924
LehighV.,N.Y.—1st gu.g.4%s.l940
Kan. C. A Omaha—1st, 5 s..1927
Lehigh V.Term.—1st gu, 5s,g.l941 109
Ino. conv. sink, fund, 5s___1916
St. L. A. A T. H.—Term. 5s.. 1914 *102
Lehigh V’y Coal—1st 5s,gu.g.l933
Dakota A Gt. South., 5s___1916 103
Lltchf. Car.A West.—1st 6s. g.1916
ME. A Nor. main line—6s. ..1910 114
Bellev. A So. m .—let, 8 s ...1896 *102 104
Bellev. A Car.—1st, 6s.........1923
O lie. ANorw.—30-year deb.5s.!321 104
Little Rock A M.—1st, 5s, g ..l9 3 7
Escanaba A L. 8.1st, 6s___1901
100
Long Island—
Chi.8tL.APad.—1st,gd.g.5s 1917
S t Louis So.—1st, gd. g. 4s.1931 *82
1st, 7s....................................1898 103
D>sM. A Minn.—1st,7s___1907
89
Iowa Midland—1st, 8s__ ..1900
Ferry, 1st, g., 4%s...............1922
do
2d incom e,5s.1931
Ohio. A Milwaukee—let, 7s.1898
Gold 4s................................. 1932
Car. A Shawt.—1st g. 4s___1932
Win. A St. P.—2d, 7s........... 1907
St. L. A 8. F.—2d 6s,g., ol. A .1906 109
N. Y. A R’way B.—let, g. 5s. 1927 99
42%
35
General 5s.................
1931
MU. A Mad.—let. 6e........... 1905
90
2d mortg., ino................... 1927
Ott. C. P. A St. P.—1st, 5s. 1909
1st, trust, gold 5s........... 1987 *75
N.Y.AMan.Beaeh.—1st, 7s, 1897
Northern 111.—1st, 5s........ 1910
N.Y.B.AM.B.—lstcon. 5s,g.l935
Kan. City A 8 1st, 6s, g ... 1916
MIL L. 8.AW.—Con.deb.,5s. 1907
Ft. 8. AV. B .B g .-ls t, 6 s... 1910 99
Brookl’nAMontauk—1st,68.1911
Mich. Dlv., 1st, 6s............. 1924 119
1st, 5 s ................................ 1911
Kansas Midland—1st, 4s, g.1937
Ashland Division—1st, 6s 1925
St. Pan! City R y,con . 5s, g,..1937
No. Shore Br.—1st C0D.5s,g.l932
Oh.R.I.AP—D.M.AF.D.lst4s.l905
Gold 5s, gu ar........................1937
Louis.Evans.A8t L.—Con.5s.1939
1st, 2%s............................. 1905
68
104
S t Paul A Duluth—1st, 5s___1931
Louis.ANash.—Cecil. Br. 7s..1907
Extension, 4s....................1905
2d mortgage 5s......................1917
E. H. A Nash.—1st 6s, g___1919
101
Keokuk ADes M.—1st,5a..1923
103
Pensacola Division, 6s........ 1920
St. Paul Minn A M.—1st, 7 s..1909 106
Ohio. St. P. A Minn.—1st,6 s...1918 122
St. Louis Division, 1st, 6 s...1921
2d mort., 6s........................... 1909 116
S t Paul AS. C.—1st, 68....... 1919 125
2d, 3s..................................1980
Mlnneap. Union—1st 6s__ 1922
Ohio. A W. Ind,—1st, s. f., 6s.1919
Nashv. A Decatur—1st, 7s. .1900 *110
M ont Cen.—1st, guar., 6 s..1937
116
General mortgage, 68.......... 1932
113%
S. f.,6s.—8. A N. Ala.............1910
1st guar. g. 5s.................... 1937 102
Ohio. A West. Mich.—5s........ 1921
93
50-year 5s, g.,.......................1937 *80
East. Minn., 1st div. 1st 5s. 1908 102
■An Ham. A D.—Con. s. f., 7S.1905
98
Pens. A A t - 1st, 6s, gold ... 1921
W"u srASiouxF.—1st, g,58.193s
td, gold, 4%s........................ 1937
104
San Fran. A N. P.—1st, g., 5s,1919
CoUat. trust, 5s, g ............... 1931 85
Cin. D. A Ir’n—1at,gu. 5s,g.l941 102
Sav.FLAWest. -1st, cou. g.6s.l934 110 115
L.AN, A M.AM.—Ist,g.,4%sl945
d e v . Ak. A Col.—Eq. A 2d 68.1930
Nash.Flor.A8.—1st, gu., 5s. 1937
Soutuern—Ala. Cent., 1st 6s.1918
0. C. C. A St. L.-U en., g. 4 s.. 1993
Atl. A Char.—1st, pref., 7 s..1897
Kentucky Central—4s, g ..1987 83
Cairo division, 4s.................1939
Income, 6s....................... 1900
Lou. AJell. Bdge Co.—Gu.g,4s. 1945
6t.Lou.Dlv.—lstcoLts’t4s,g.l990
90 Lou,N.Alb.ACh.—Gen. m.g.fls. 1940
50
Colum. A Green.—1st, 5-68.1916
Spring. ACoLDiv.—1st,g. 4b. 1940
Memphis A Chari.—6s, gold.. 1924 *30
E. Tenn. V. A Ga.—Divis.os 1930 107 108
40%
WhlteW. Val.Div.—lst,g. 4s. 1940
Rich.A Dan.—Eq. s. 1. g. 58.1909
Mexican Cent. Consol.—4s, g.1911
Cln.Wab.AM.Dlv.—Ist,g.4e.l991
1st, cons, income 3s, g___ .1939
Deben. 5s, stam ped........ 1927
(Jin. I. St. L. A C.—l8t,g.,48.1936
Mex. International—1st, 4s,g.l942
Vir’a Mid.—Serial ser.A, 6s.1906
Consol, 6s............................. 1920
Series B, 6s.........................1911
Mexican National—1st, g., 6s 1927
O n.Ban.ACL—Con. 1st,g.5s, 1928 100%
2d, income, 6s, “ A” ......
1917
Series C, 6s......................... 1916
Indiana B. A W.—1st pf.78.1900
2d, Income, 6s, “ B ” ............ 1917
Series D, 4-5s.................... 1921
Ohio Ind.AW.—Istpref.5s..l938
Series F, 5s......................... 1931
Michigan Central—6s..............1909
C. Col. Cin. A Ind.—1st, 7s,s.f,1899
Coupon, 5s.............................1931
Wash.
O. AW.—1st our.gu.4s.1924
80
Consol, sink, fund, 7s..........1914
Mortgage 4s.......................... 1940
Ter. As’n of St. L.—1st, 4%s.l939
Cln.ASpr.—1st,C.C.C.AI.7S. 1901
BatC.AStrgis.—1st,3s,g.gu. 1989
1st, con. g. 5s..............1894-1944
102%
Cleve. Lorain A Wh.—1st, 5s.l933
102
Minn. A St. L.—1st, g. 7s........ 1927 130
8t.L.Mer.Br.Terin.,g.5s,gu..l93o
Cleve A Mah. V.—Gold, 5 s...1938
Iowa Extension, 1st,7s...... 1909 117
Texas A New Orleans—
DeL Lack. AW.—Mort 7s___1907
130
Southwest Ext.—1st, 7s...... 1910 117
lst,7s.................................. ..1905
8yra. Bing. A N. Y.—1st, 76.1906
Paciflo Ext.—1st, 6s ______ 1921 115
Saolne Division, 1st, 6s.......1912
Morris A Essex—1st, 7s....1914 134%
Mo.K.ATex.—1st, e x t, 5s, g.1944
Consol. 5s, g ...............
194b 92
Bonds, 7s........................... 1900
110%
Mo.K. AT.of Tex.lst,gu.5s.g.l942 68% 69 Tex. A Pao., E. D.—1st, g. 6s,190o
7s of 1871.......................... 1901
109
Kansas City A P., 1st, 4s,g.. 1990
Third Avenue (N.Y).—1st 5s, 1937 118 119
71
1st, oon- guar., 7s........... 1915 134
Dal. A Waco—1st, 5s, gu..,.1940
T.AO.C —Kan.AM., M ort 4s.l990
77
Warren—2d, 7 s ....................1900
Missouri Paoiflo—Trust 5s.. 1917
Tol.P.AW.—1st 4s,ino.f’d.cou.Juij
68
D.
AII.Can.—Pa.Div.,ooup.7s.l917136
1st coll., 5s, g .......................1920 *40
_____ r.
Ulster
A
Del.—1st,
oon.,6.,5s.l92e
99
Albany A Susq —let, gu.,78.1906
St L.AI. M.—Ark.Br.,1st,78.1895
Union Paciflo—1st, 6s............. 1896 99
95
1st, cons., guar., 6s......... 1906
Mobile A Ohio—1st ext., 6 s...1927
1st,
6s.....................................1897
115
99
Bens. A Bar. 1st, coup., 78.1921
St. L. A Cairo—4b, guar.......1931
1st, 6s.......................
1896 99
Denv. Tramway—Cone. 6s, g 1910
Morgan’s La. A T .—1st, 6 b.... 1920
Collateral Trust, 6s..............190c
Metropol. Ry.—lst,gu. g,6s.l911
1st, 7s.....................................1918
Collateral Trust, 5s..............1907 ........
Denv. A R. G.—Imp., g,, 5s...1928 *78%
Nash. Chat. A St. L.—2d, 6s 1901
Kansas Paciflo—1st 6s, g . . 1895
110%
........
DetM . AM.—L, g. 3%s,aer.A.1911 16
18 N. O. A. No. E.—Pr. 1., g., 6s..1915
1st, 6s, g ..............................i89t
Det. A Mack.—lBt Uen, 4s,g.. 1995 *94
N.
Y.
Central.—Deb.
g.
4
s
....1905
100%
O.
Br. U P - F . 0., 7s..........1895
4s, gold.................................. 1995
N. J. June—Guar. 1st, 4 s ...1986
Atch. Col. A Pao.—1st, 6s... 1901 *25
29
Duluth A Iron Range—lBt 5S.1937 *98 103
Beech Creek—1st, gold, 4s. .1936 1 0 0 %
Atoll. J. Co. A W.—1st, 6s... 1905
Erie—1st, extended, 7s..........1897 102%
Obw. A Rome—2d,5s,g.,gu.l915
U. P. Lin. A Col.—1st,g., 5s. 191?
2d, extended, 5s................... 1919 110
Utica A Bl. Riv.—4s, g., gu.1922
Utah A North.—1st, 7s........190? 103
8d, extended, 4%s................ 1923 104%
N. Y. A P u t—1st, g., 4s. gu.1993
Gold, 5s...... ........................192?
4tb, extended, 5s..................1920 110
N.
Y.
N.
H.
A
H
.-ls
t
,
rev.
48.1903
Utah
Southern—Gen., 7s . 190S
55
5th, extended, 4s..................1928
103
N.
Y.
A
Northern—1st,
g.
5s..
1927
Extern,
1st, 7s..................1901
55
let, con., gu Pd, 7 s ..............1920
N.
Y.
Susq.
A
West.—2d,
4%s.l937
Valley
R’yC
o. o l O.—Con. 6s. 1921
70
65%
w N. Y. A E.—1st, 7s..........1916
66
Wabash—Debenture,
Ser.
A..193?
71
................. 1949
B to. A 8. W.—Mortg. 6s__ 1908 101
Debenture, Series B............ 193? *26” ........
78%
VVilk.A East—1st,gtd.,g.5s.l942
sefterson—1st, gu. g, 5s ....1909
103 Northern Pao.—
Det. AChio. Ext. 1st, 5s, g,.194( *90
Ooal A RR.—6s..................... 1922
102
James
River
Val.—1st,
Gs...l936
St L.K.C.AN.—StC.Bdge69.190? 102 106%
Dook A Iin pt.lst 6s, our’oy.1913 100
Spokane A Pal.—1st, 6s...... 1936
41
WestN.Y.APa.,geu.g. 2-3-49 1943 39
Evans. A Terre Haute—
Bt.Paul AN. P.—Gen., 6 s..1923 *115
Income 5s..............................1943 11
1 U«
1st, cons., 6s......................... 19 2 1 107
HelenaARedM’n
-is
t.g
.,
6s.
1937
West
Va.
C.
A
Pitts.—1st,
6
s
.191
j
et, general, g., 5 s ............... 1942 *86
DuluthAManltobar—lst,g.6sl936
Wheei.AL.E.—1st. 5s, gold...1926
Wt. Vernon 1st 6 s ............... 1923
Dui.AMan Dak.Div.-lst6s.1937
Extension A Imp, g., 5s...... 193C
nl Co Br. 1st, g,, 5s.......... 1930
Cceur d’Alene—1st, 6s, gold 1916
Wls. Cent, inoome 5s.......... -.1937
_ No price Friday, these are the latest quotatious male this week. F o r M is c e lla n e o u s a u d U n lis te d B o n d s —3ee 31 page preoeding
THE CHRONICLE,
S eptember 5, lSim. |
R oads .
In v estm en t
EARNINGS.
T h e f o l l o w i n g ta b le s h o w s th e g r o s s e a r n in g s o f U n it e d
S ta tes r a ilr o a d s (a n d a ls o a f e w M e x ic a n a n d C a n a d ia n roa d s)
f o r th e la te st p e r io d r e p o r te d . T h e s t a t e m e n t in c lu d e s e v e r y
STEAM ro a d f r o m w h ic h r e g u la r w e e k ly o r m o n t h ly r e tu rn s
c a n be o b ta in e d . T h e first t w o c o lu m n s o f fig u r e s g iv e t h e
g r o s s e a r n in g s f o r th e latest w e e k o r m o n t h , a n d t h e la st t w o
c o lu m n s th e e a r n in g s f o r th e c a le n d a r y e a r f r o m J a n u a r y l to
an d D e lu d in g s u c h la te st w e e k o r m o n t h .
The return', o f the street railways are. not included in this
t a b l e , t».«f a r e b r o u g h t t o g e t h e r s e p a r a t e l y o n a m b s e q u e a t p a g e .
L a test Dross S a r m n g e
V O k o r m " If© 6.
AdfemOMS..... June...
1896.
|Jan. 1 to L atest Date.
189 di
1395. ~\
$
90.029
*
1 8 9 3 .“
*
15.050
12.514
93.810
3.1 w k A.i,:
29,322
869,228
37,1 19
013.048
Ala, Mldiaa i
May...........
45.665
37,531
254,100,
103,183
A: f X. -> .
1
!'
N. Or:. A X. t. 1st wkAdg
17.000
19.000
712.211
723,560
Ala. * V ia**'.. 1st wit An«
8,009:
273,347
7.00 > 295,671
Vleka.Sh. * F 1st WkAl'A
7,0(10
«,O0O
299,703:
281.981
Allegheny Vas. July,
204,-HM 222,502 1,355,003! 1,393.632
Ana A rbor........ ■nitwit A n*
32,385
732.401
717,719
UC-:»>
AT*. Midland .. June —
6,744
a ,8-23
42.3 43:
42.157
A1SSB. T. A 3. >•-. Ju ly ....... 2,152,H I 3JW9.406 15,712,776 15,522,163
Atlanta A Char. Juno . ...
102,069 111.825
ft 8.341
718,299
Atlanta A W, i- J t u c . . . . .
34,715
30,006
241,017
214,431
A tlas. A D aor. 3,1 wk \ng
9,991
336.014
312,761
14.140
A tlantic A Pm:. ;.M wk Am;
52,176
58.358 2,242,139 2,201,430
A>iKU*t»8out'n. Jtme
4.255
3.126
33.1 *3
22,262
Austin * S ’w «iU iii!B
22.084
21.039
120,517
114,217
B i«.O tw s.A Ati.fJuly
85.700
2*11,0093 202,679
01.700
A A O -E M ilJ a w January.
1,385,877 1,289,219 1,383,877 1,229,21:)
W e e te m l-la * January...
*
4 43,04*8 469.316
443,0(Wi 469,210
Total.------ J u ly ........ 2,0*9,470 1.940.8,) J
8 *l,A 0 ,3 o < rw 3,1 wk Any
3.880,337
126.8 5
8 *n *orA A roost. J a n e . . . . .
301,438
1S 3 S 5 4,547
Bath A Haru'mls J a m -.......
l, 433
10,39!
1,691
10,750
B lr.A A U anU o.. J u ly .........
1,524
1.630:
11,927
9,733
Brooklyn K ie v .. Skk Sr a be r lt.ut.iv AT MW.
Brnosw'kAW etj May. . . . . . .
52,7.48
239,775
39,851
203,219
Bntt.aoch.AFUt
--,71 S 2,147.718 1,992,951
91.277
B o t t lo A b a -i..
•11.572
36.211
272.07 s
210.189
B ur.O, Rap. A x 3d wk Aug
78.910
93.515 2,649.720 2,280,420
Camden * Act. April........
72,118
204.855
194.089
06,526
OanadiaaPaoliu 4th wkAug 590.00538.00- 12,824,227 10,775,110
Qar.MidUtad ... J u ly .......
7.400
29 ,75;
23,729
Gent, o f Georgia May.........
310,637 342,813 2.O05,22- 1,937,203
Central of N.J . J u ly ____ 1,199,350 1,127,831 0,011,949 7,019,303
Central Pacirlo. J tm e ___
1,051,705 1,009.970 6,620,062. 5,969,694
Char. CL A Bat.. J o n * ___
4,635
4,3928,018;
20,073
Ctiariwt'nAHav. May.
51,822
373,013
346,075
Obes. A O h io..., U hw kAug 3 ^ .1 1 1 280.538 0,714.699 0,240,015
Uhea.O.Aao.W, J u n e .
185,031 190.510 1,103,981 1,090,000
Ohio, Bur, A Q.ft J u ly ..
2,733,351 2,051.768, 13.345,108 17,*20,050
Ohio,A Eaat.?li Mb wkAuir
83,300
91.000 2, S7,i, 107 2,388,429
O W o ,a t.w e * r » 3d wk A uk
97,027
94,534 2,879,009 2,265,087
(A io.M R .A aA F 4th wkAug 605,00 1,027,303 19,601.090,17,492,503
0hk>.AN"thw‘ n. Ju ly..
2,65.5,233 2,843.542 18,348.401:15,704,697
Chks A Ho. Piuj. Joint ,
87.001
67,708
400,171
377,018
OWo.F«w>.A3t.i,. 34 wk Ailg
20,248
20,745
----------381,979
509.742
O M o ,K 'k I .* P ..
1,407,931 1,455,71
9,401,333
Cnl«Jit.F.M .A o
596,377
3,431,702
Chle. A W .M ten 3d wk A uk
33.911 ■58B
973,020 1.036.855
O n.O a. A Porte. J u ly ..........
5,511
34,315
5,752
35.791
CObJag*.* Mac. 3d wk Aug
1 4 234
370,562
14.2148 442,93016. H O .A T . F. Ju ly .......
279,700 321,044
2,001,383
Cu,. F orts. A \ . Ju ly ..........
22.0-42
23,137 * • »
143,114
U tev.0 xn .A 8o.. 3d wk A ng
14,887
15,828
433.103
414,863
0U ,1».( AABt-L 34 wk A u « 242.158 298.2413 8,104.809 8,651,012
. F»o.
A Easi'n
______________Ju
ly .......... “
130,402 162,090 4,006,870 1,101,993
23.977
870,434
839.079
J u ly ___
143,904 13«h374 1,091,533:
922,509
ool. h . y . * f o i ! j m y : : : : : : :
208.270 240,814 1,429,901 1,296,738
O o L sa n d 'y * B. 3d wk
1 9 ,6 - *
- Aug
A uk
23,00-1
504.510
503.085
Colusa * Lake . J uly.
u ly .........
7.691
2,177
June
6,714
310
lj
SBSS'dvaaf
June ......
78.131
- 598
370,371
75.701
390,5:
V v u v . A Rio Or U hw kAug
103,600
4,701,555; 4,478,090
CeaM. A Kan. C 3d wk A uk
2.177 "S B ?
09.232
63.140
Dew M St. A W. J u ly ..........
35,096
30.187
249,000
180,423
DetJUtus'g&No. 3d wk Aug
27.51.)
098,119
719,091
23,705
Uet. AMackiti-n- M ay,
43.633
49.334
219,795
142,039
guiath».».AAE<. 34 wk A uk
37.302
26.334 1,337,(26 1,137,823
ElginJul.A E aet July
98,355
91,560
754.43 1
020,774
Kris.................... July.
,035,53:! 2,622,702 17,131,180 10,388,048
garesra Spring... June . . . .
5,690
30,01 i
30.1-.7
*V n a *.* Ia ffp iu 3d wk A ng
7,177)
183,571.
183.581
gran*. A Rich. 3d wk Aug
2.3C1
2,340
71,969
08,083
8 t » h» v . * T. H 3d wk Aug
20,414
23,787
670,005j
656,354
Fitchburg...........J u ly ........... 021,3 7 072,491 4,143,103! 4,017,491
ru n t A P M »r.j. 34 wk A uk
40,91 S
52,395 1,078,67* 1,571,914
32,309
29,230 1,319,5-1 1,801,132
04,622
07,739
430,079
504,029
FfcW. A Rio Ur Ju ly ............
16,610
19,967
170,121
195,518
Wads, A AU. 0 July........
936
819
U.302
4.752
Georgia P.U........i,s w k Amy
22.328.
958,195
722,111
Georgia * A la ., i y t wfcAug;
25.816.
497,033
29 6,V i!
Ba-CaFlaANo July........
(32.353,
43,581
454,975
309,9 ;>!(
Geo. so . A F la.. J u ly ..........
80,504!
75A 20
3'>5.9*)S
l02.-.'-»
Or. Rap, ,a lad. 3d wk Ang!
U.991
43,840 1,293,551 1,302,314
Ota. it. A F t W., 3 .1 wk A uk!
8,559!
2154,422
279,050
fraverwClty. 3d wk Aug;
•«!
800
31.151
28,65*;
H n *.G .R . A| ; « wk A m
2,340:
2,713
80,151
76,899
Tot. all liner 3.1 wk auk
53,615
96,002 1,639,868 1,086,026
Brand Trunk... 3d wk Attic 391,240 881,493 11,059,301 10,754,119
Cbi«, * O r. Tr. 1st wkAdg:
53,669
60,953, 1,893,110 1,59 1.-0Dm Bt.JBt.AM.! D,t wkAiw
19..U9
534,403
562,115
an .S 4 g .A M M let wkAusc
2.510
Tnl. a A M usk.’ 1 st wkAtig2.001
1,979
Greet North'*
BAP. M, A M July....... 1,370,570 1,190,212 7,039,978 6,421,177
101,915; 110,357
S M itof M h u n .lJ tily .......
601,543
917,475
MontanaCent. J u ly ..........
108,220 114,044 1.118,230
864,395
Tnt.aystem. Ju ly......... . 1,700,7 U 1,421,417 0,075.009 7,947,015
IS"*':.:
nmn
P
w
ns&
J 1895.
Jan. 1 to Latest Date
I
1896.
1895.
*
j
S
it
% nlf A Chicago .Ju ly.
21,004
22,036
2,251
doos/Tun.ife WLi.!j n ly l” ” ” j
|*75o
■28,337;
25,207
4,647
ilous. ATest.CBB-1J u n e ........ : 184,080 212,020 1,309,762 1,587,766
Humest’nAShen June........
8,900
60,700
45,402
6,334
Illinois Central. July .......... 1,015,829 1,508,656 11,355,141 10,737,644
Ind, Deo.AWsat :3d wk A ug
8,758
9.450
290,752
285,045
IHi. XU. A Iowa May.........05,902
56,940
349,101!
330.106
£n.A G t. North'c UMi wkAng 102,047
83,012 1,903,059 1 ,9 623 97
tln toroc, (MifW.1 SVkAiu:.15
46,200
33.200 1,119,310 1.465.S02
Iow a C entral.... j 1th wkAum
45,082
42,781 1,159,511
997,691
3,716
Iron Railw ay......in ly ......... .
3,828
88,0101
28,925
Jack,T. & K, W. July........
22,329
21,272
102,559
265,953
Kanawha* M!oh!tth wkA**
12,3.16
10.310
302,672
288,314
K.C.F.Scott AM *3d wk .Auk
85,821 2,727,712 2,711,317
7-1,697
K.C, Mem. A Btr, ,M wk Aug
13,793
659,786
589,997
16.175
Kan.C. N. W .... July
146,765
22,303
18,2-19
129,200
Kan.O.-sBest July
2.440;
440
402
2,932
28,501
K.C. Pitts, A G .. IthwkAn-r
10,470]
339,141
460,811
K’in.C.Sub. Bell 1 til wtA-*.:
13,531
227.179:
10.359
183.252
Keokuk A West. s;}i wk Aug
7.413
251,075;
9.907;
215,408
1*. Erie All. A So. July . . . __
3,707
34,247
44.776
6.378
lr. Brio A W est,. |llh wkAite
80,421 105,025' 2,247 617' 2,277,004
L thigh A S u d .. lu lv ...........
231.291;
37,381,
32.688
256,345
Lex'gtou * Ear'
.....
1:1.035
107,164!
19,26 I
97,268
Lung Island____ r u lt. . .
525,041 516,19-1 2.202.246 2,262,225
Lus. Ang.Term. .July..........
8,148
53,215;
14,108
98,546
32.805
LoolaJBTUkStL. 3<1 wk Ang
932,89 t
30.931
800.313
Conlsv.AJfaehv.fS'i wk Aug 374,725 383,210 12,371,660 11.909,359
L onta.M .A .A i'h.ljd wk A ug
36.915
07,376 1,019,505 1,923,130
U ni.lIon.ASt.L. ,;d wk Aug
292,110
10.379
9,070
253.232
'fa o o n A Blms.. J u ly ------.J!
31,981
3,850
40,549
5,103
Manlatlqno...... J u ly ......... | 13.533
79,034
13.263
81,000
'lemphlaAOhu-i 34 wk A uk: 20, •:1
747.949
20.090
070,129
SMoxtoanCoot, IthwisAu*. 275,070 257.505 6,520,390 6,107,537
Mexican fete FI. J u n e ........ : 272,249 213,002 1,519,090
!M ««. Bfsfionw, 31 wk Aug.
82,697
73,884 3,017,059
M e x H o m e r n ,. •day.......... i
60,949
347,070
01,970
269,096
tMexfcanR'yray V) An .*.1 5
59.490
57,017 1,939,30? 2,123,374
Mexican So
326,550
7.833
2d wk Aagi
10.760
300,037
M inneap.ASt,I* ishw kA ug
01,039
73,9 i t 1,220.163 1,180,854
58,430
M .S t,P ,*d ,3t.M .;3d w k A u «i
01,539 2,169,322 1,438,471
____, . . .
Mo. Kan. A Tex .id wk Aug 215,135 189,907 0,623,195 0,521,854.
Mo.Fac.vklron M Ithw kA ng 699,000 800,00- 13,950,000 14,054,891
Central BrV-il ith wk Aug
23.00
472.00 .
357,043
10,000
i ‘>-> 01.1, 14,411,934
" ' --Total.......... tth wkAUK 72 7,00*
819,000 11,422,000
Mobile * Blr;u. id wk A ug
5,088
167,623
5.100
163,825
M o b ile * Ohio . August. .. 875,337 250,312 2,270,122 2,001,558
Mont.AMcx.GU. J u l y . . . . : . .
02,173
91.379
665,808
723,388
Naali.Cibudi 8t. I* j n\y
418,669 375.505 2,857,503 2,011,698
Nevada Central June
-1U!l.<___
2,097
14,990
2,381
13,72*
Hev.C'yH ar.Gft A p r il....
7,985
29,300
8,073
27,910
H. Jersey A H . V March. .
73,497
71,303
N .Y .0 .A H . R .. July
3,545.499 24,539,399 23,875,084
g* T.O nL A W .. ttb wilA iig “ lh C f to
2,503,972 2,409,300
N. Y.SOM.A*A .. J uly . . . . .
108,797 192:477 1,230.732 1,208,069
Norfolk & West. 4tti wk Auer 186,308 189.380 7,351,311 5,970,281
Nortue'ro iU A i.A ta v ........ ~
3.311
3.270
25,184
21,601
S orth 'n Centra:iJulv
. . . 493,103 505,700 3.448,702 3,542,106
N’o n b 'n Pacino -4 Vk Aug 3 9 0 ,»l7 341,521 IC lO O ,! 12 9,272,0*1
Ooonee A West ila ly
. .
2.848
19,013
2,080
13,882
Ohio Rlvor.......'3,1 wk Ang
18.687
20,924
614,276
495,232
IhiO RIV.ACfear Inis ........
13,236
102 .22 0
13.85s
99.459
57,802
Ohio Southern J u ly ..........
429,355
59 .100
393.842
Oregon Im p.Oo d u n e ......... 273.917 274.675 1,587,242 1.570,994
PaclAe Mail-----..Inly...........
292.245 316,002 2,282,414 2,007,103
Ponnsyivama.) I J a lj.5 J258^95 5 416.S05
35,501,070 34,974,170
FcortaDeo.ABv Uhwk.Vug
25,830
29.275
550,306
587,629
43,093
PewrrtttW ........July ...........
51,818
345,347
316 114
Fhila. A E rie..,!J u n e........ 389.108 376,938 1,917,873 1,850,739
Phiia, A Restd'g, J u ly ....... 1,720,603 1,814.150 11,268,032 11.618,721
OoalAXr.Oo— July.......... 2,028,205 1,005,005 12.404,199 12.342,233
ToulbothOosjuly........ 3,748.809 8,710,755 23,672,231 23 060,934
P h Read. A N. E, J u n e .........
01,786
327,802
66,880
350,196
PttOUJ.C.ASM* July .... ----1,229,640 1,315,574 8,501,280 8,287.645
FfUe.LUb.AW’ nlJuiy
3.450
24.153
3.008
23,845
Plttahan.A L.R .
wk Aug
15,100
15,999
414,810
371,247
• .: I -.vs a i-f
80,722 1,070,459 1,058,211
29,206
PUU.Cl.AT<M 3d wk Aug
13,050
20,868
497,501
547,803
8,307
Pitts. Pa- * F-*3d wk A uk
8,866
256.135
211,528
Tntal *y»leui. Lid wk Aug
68,471 1,847,407 1,870.229
51.253
P itt,Y ou n g .** J u n e .......
109.807 181.354
700,077
607,799
y u in o y u .A K .f J u l y . .....
21,417
170,809
23,540
138,903
Rlefc.Pr'keb.AF (J u n e.......
74,067
380, 81
78,102
375,756
Rieh. A Pctarsb. : j uly.........
31.801
31,63 1
210,023
100.845
fun Gr. 80am n : tth w kA ug
14,270
300.901
15.046
282.125
Rio Gr.Wesfm 3d wk Aug
53.600 1,448,007 1,307,872
40,300
Sag-TasoolaAB July
9,520
62,114
01,190
8t.L ,K en '*t*»o. July.
s
3,725
,?t.U *«au Fran.'July.......... 500,169 473,348 3,418,843 3,235,891
8t.l*.8onthw’r n .' ith wkAug 120.200 133.400 2.829,090 3,038,352
at, Paul* Dul’thJ njy
131,403 138,980
757,093
747,088
Ban A c t .* A .P . July
120,780 132.033
035,874 1,017,004
3 Pran.AN.Pao, July,
73,173
415,399
82,360
446,312
ia *W >.t, May.
288,133 270.813 1.441,976 1,385,987
rtner.Mnrev.A BoidthwkJuly
5,358
8,028
I
170,241
811. Sps. o. A U. May..........
17,731
24,504
90,215
79,319
SUverwm............[July_____
6,000
9,872
80.11 it)m i* Bast J u ly .........
' i i ’,620
2,143
3,250
0,331
80. Pacuic C o .- i
G a!.H iir.A «.A J u n o .......
320,321 2,382,055 2,189,504
337.421
52,354
LoulB'n W est,.; J u n e ........
434.230
73,010
512,551
Mopkan's.LAT,!J a n . 312,508 363,823 2,300 312 2,800.043
H .y .r .A Mex. J u n o .........
14,487
U l , 800
Tex. AH , O r!.. n n e _____
92.278 s
o il:,517
803,849
A tl.P rop'tesb. J u ly .......... r U U 1 2 7 /l0 3 5 B 9 7 / 8 , 5 4 2,45 6/9.3 85,3 31
paoiflo system !J u ly ........... 2,703.49: 2,903,1 05 17,489,408 17 630,385
Total o f ali.eh iU y,.
3.817,529 3,988,902 26,031,024 27,015,710
80. Pao. o f Ool* June .
731,270 803,084 4,807,783 4,773,654
8o.P ae.of Art* June .
160,710 154,594 1,108,143 1,120.244
80.P3w.cfS.Al
87.1.52
77.632
588.822
528.299
Northern ley., J u n e ,
172,601
153,088
959,910
848.189
Southern B y ... 3d wk Aug 313,011
11,135,115
346,118
10,913,040
Spok. F’ lsA-Xor. July
228.000
141,232
40,800
27,785'
Staten 1* 1, tt. T, May...........
07,230
370.500
88,853
380,270
Slonyt.d.AOMt.. J u n e .........
4,150
1,514
11,459
12,065
HiiWinltBraneti J u ly ..........
73,132
878,709
85.710
555,531
Lyk. Viii, Coal J u ly ..........
5 8 510
392,259
68,521
51.3321
T ot’l both ne'e July
141,073 137,048! 1,004,019 1,071,058
Texas Central . May,
03,312
15,952
17.990
08,528
Texas A Paclflo. 3d wk A ug
90,8 11 100 677 3,537,360 3.801,225
l'sx.8, ValAN, W May...........
12,620
3,009
17,508
2.601
41,102
62.610 1,155.767 j l , 123,481
fuLAOhioCent, till wkA tig
Col. P. A W est.. 2*1 wk Aug
21.19-1
588,04 15,511
576,571
57,00 1 1,365,725 1,153,100
T ol.B t.L .A K .0 ith wk Aug
61,757
Glkter A Dei ... Juno
171,408
168,665
U Pao, D. AG , une
284.842 248.802 1,402 282 1.423,14
*
I n te llig e n c e .
RAILROAD
Latest Grogs Earnings.
Week o r Mot
a *n>
H la ilto a c l
395
THE CHRONICLE.
396
Latest Grose learnings
R oads
Weekor Mol
1896.
Jan. 1 to Latest Date.
1895.
1896.
1895.
_ *
U lion Paolfto Un. Pao, BB J im e........ 1,128,094 1.188,052 6,161.0 70 6,414,013
O r.8 .L * D .S June........ 498,306 5^2 833 2,558,632 2,320,104
2 72.056
288,2 16
39,906
46.651
8 t.J0s.AGd.I11. July..........
31,6 59
4 5,787
3 982
6,963
Kan.C.AOtu Jun e........
368,3 >1
393,068
26,184
16,014
Tot.St.J.AG.I. 1st wkAug
304,239
412,000
17,010
31.000
Oent.Br........ a ItliwkJuly
Aob.Col.AP. I
127,38)
145,643
18,785
25.217
Aoh.J.O.A W < June........
265,210
339,323
40,658^
57,443
Coil. Br.AL’dL. Juno ....
9,863
831
10,023,210
1 848,184 1,856,415
fir’ d total.*( J une__
W.baab — ... 4th wkAug 334,289 424,153 7,938,547 8,010,919
101,42
1
104,196
18,092
13,006
W koo * North w June...
390.5 1
413.804
124,394 117,167
W 1st Jersey___ April...
403,327
472,374
88,658
97,655
W V.Ceu.A Pitta May....
10 4,741
119,862
30,483
34,''08
W «tV a .A Pitts. April...
233.5 >1
257,246
39,710
38,384
W istern of Ala.. J une__
73,000 1,840,114 2,021,66 7
73,600
W ist-N.Y. A Pa. 31 wk Aug
801,862
864,615
29.424
28,319
Wiesl. A L. Erie 3d wk Aug
144,257 2,857,952 2,872,062
Wiaoonsin Cent 4tli wkAug 120,05
33,263
44,769
5.174
5,045
W.figbtsv.ATen June ...
5,560
5,316
York 8outliern. July__
* figures given do not Include Oregon Ry. A Nav., Un. Pao. Denver*
fiulf, Denver LeadvUle & Gunnison, Montana Union and Leavenworth
Topeka A Southwestern. uThesefiguresinoluderesults on easedlines.
4 Inoludes earnings from ferries, eto., not given separately. ! Mexi
can aurrenov. c Inolndes only half of lines In whloh Union Paoltto has
a half Interest.
d Inolude9 operations of the Ohio. Burlington A Nirthern in both
years.
§ Oovers results for lines directly operated east of Pittsburg.
e Inoludes results on affiliated lines.
/ Covers besides the Atlantlo Bystem the Houston & Texas Central,
Austin & Northwestern, Central Texas A Northwestern and Pc. Worth
A New Orleans.
Latest Gross Earnings by Weeks.— The latest weekly earni igs in the foregoing are separately summed up as follows :
For the fourth week of August our preliminary statement
covers 27 roads, and shows 6 42 per cent loss in the aggregate
over the same week last year,
At/i iceefc o f August
Ann Arbor.......................
Bnffalo Roob. & Pittsb’g.
Olitoako A East. Illinois.
ObloaKO Mllw. A St. Paul.
Denver & Rio Grande__
Georgia A Alabama.......
Iite m ’l A Gt. North’n ...
Kanawha* Miohigan—
Kan. City Pittsb. & Gulf.
Ran. City Sub. B e lt ......
Mexican Central.............
Minneapolis & St. Louis.
Mo. Paciiio A Ir.- \Mt__
Hew York Ont. & West’n.
Peoria Deo. A Evanav...
Rio Grande Southern —
S t Louis Southwestern..
Toledo & Ohio Central...
Tol. St. L. * Kan. City..
Wisconsin Central..........
1896.
1895.
#
$
32,385
33,690
88,714
91.27 /
596,000
538.000
268,538
302,383
91,8)0
83,300
865,080 1,027,363
195,600
210,200
25,818
11 005
83,042
102,647
45,082
42,784
10,340
12,3 26
26,564
19,576
13,534
10,359
86,421
105,62.3
275,070
257,595
73,914
61,03 )
699,000
800,00 )
2^,000
19,000
123,749
131,915
186,308
189,380
25.830
29*275
14,270
15,015
120,200
133,400
41,492
62,616
61,757
57,064
334.289
424,158
120,057
144,257
Total (27 ro a d s ______ 4,567,495 4,880,681
Net deorease (6-42 p. o.l.
..........
Increase.
Decrease.
*
1,303
$
2.563
58.000
33,845
’"8,500
163.283
14,600
14,813
19,603
2,293
1,9)6
6,938
3,175
19,2)1
17,475
12,905
101,00)
9,000
8,166
3,072
3,445
775
13,200
21,124
4,6)3
89,869
24,200
172,455
435,641
313,136
For the third week of August our final statement cove rs
To roads, and showB 1’89 per cent loss in the aggregate.
3d week of August.
1896.
s
1895
Increase.
Prev’ly reported (63 r’ds) 5,380.591
Cleve. Canton & South’ n
14,667
Des Moines * Kan. City.
2,177
Dulnth So. Shore A Atl..
37,362
Fla. Cent. A Peninsular..
32,369
Georgia...........................
22,328
Indiana Decatur & West.
8,758
Kan. City Ft. 8. A Mem..
74,697
Keoknk A Western..........
7,418
Loulsv. Hend. & 8t. L ...
10,379
Mempnis A Charleston..
20,921
*
5,998,269
15,828
2,091
26,391
29,230
22,390
9, t56
85,321
9,907
9,070
20,990
$
166,934
Total (73 roads)............
Net decrease (1*89 p. o.).
6,229,446
182,456
6,111,667
86
10,968
3,139
1,309
Decrease.
«
284.632
1,161
.......62
698
11.124
2,48)
69
303,235
117,779
Net Earnings Monthly to Latest Dates.— The table follow
ing shows the net earnings ef S team railroads reported this
week. A full detailed statement, including all roads from
which monthly returns can be obtained is given once a month
in these columns, and the latest statement of this kind will
be found ia the C h r o n ic le of August 22, 1893. The next
will appear in the issue of September 19, 1396.
----- Gross Earnings.— * ----- Net Earnings.----1896.
1895.
1896.
1895.
Roads
$
*
S
$
Atchis’ nTop AS F .b July 2,152,511 2,069,406
513,089
195,003
Jan. 1 to July 3 1 ... 15,742,776 15,522,183 3,946,937 2,494.143
Canadian Pacific.a. July 1,803.575 1,543.544
699,235
558,027
Jan. 1 to July 31....10,955,237 9,099,777 3,803,172 3,036.851
Cho3. & O h io .a .......July
841,054
780,011
291,531
262 156
Jan. 1 to July 3 1 .... 5,856,716 5.373,897 1,323,433 1,692,635
Ohio. M. A St. I*.a. ..July 2,546,226 2.299,240
820,362
736,993
Jau. 1 to July Si. ...17,16 1,331 14,829,518 5,923.287 5,094,546
Clev.Gln.C.AS .. L.a July 1,068,155 1,162.131
247,813
210,208
Jau. 1 to July 31 .. . 7,390,194 7.75 5,342 1,70 L.333 1,834,513
[ V o l . L X II1 ,
-Gross Earnings.—
Net Earnings. —
1896.
-----1895.
1896.
1895.
lloads.
$
$
$
C. C. C. A St L .—(Oonl.)
Peoria A East’n. a. July
136,402
162.930
2 3,630
41,374
Jan. 1 to July 3 1 .—. 1,006,570 1,101.933
225.607
283,653
Din. A R. Grande.b July
622,437
643,589
259.238
294.446
Jan. I to July 31 .. . 4,031,355 3,832,890 1,6 24,768 1,616,927
Erie ........
July 2,635,533 2,622,702
782,155
632,227
Jan. 1 to July 31 ...17,134,180 16,388,043 4,316,165 3,779,410
Deo. 1 to July 31 ...19,052,9 )7 19,621,408 4,922,407 4,275,262
Jack. Tam. A K. W..July
22,329
21,272 def.1,843 def.2,912
Jau. 1 to July 31 . . .
192,559
265,953
12,833
34,592
Kan. C. Ft. 8. A M.a. July
366,385
334,202
98,678
116.028
Jan. 1 to July 3 1 . . . 2,502,988 2,462,343
770,821
744,086
K *n. C. Mem. A B. a . J uly
83,103
77,847
19,671
4,591
Jan. 1 to July 3L__
621,397
556,511
103,601
50,788
Kan. City Northwestern —
Apr. 1 to June 3 0 ...
57,355
5 1,574 def.5,253
3,941
Jan. 1 to June 3 3 ....
124,257
110,957 def.5,607
1,734
Kansas City & Beatrice—
999
Apr. 1 to June 3 0 ....
1,186 def.4.719 def.3.532
Jan. 1 to Juae 3 0 ....
2,530 def.9,295 def. 13,459
2,003
Loulsv. & Nashv.b. July 1,627,601 1,68 2,9 43
499,999
5)0,015
Jan. 1 to July 31 ...11,298,339 10,772,059 3,501,063 3,481,598
MexioanCentral... .July
859,610
734,723
280,155
315,334
Jan. 1 to July 31..
‘
5,694,393
5,338,610 2,029,710 2,19 7,230
Minn. & St. Louis..... July
157,637
53,842
152,460
57,77 5
Jan. 1 to July 3 1 . . . 1,054,912
986,010
383,190
333,397
New London Northern—
Apr. 1 to June 30___
170,952
52,503
159,776
56,329
Jan. 1 to June 3 0 ..— 314,619
331,129
93,384
95,305
882,721
Norfolk A West’ n .a . July
211,974
763,349
288,272
Jan. 1 to July 3L___ 6,546,96 ) 5,180,821 1,328,298 1,146,410
Pacific Mail ............. July
316,002
292,245
5,197
23,536
Jan. 1 to July 31___ 2,282,414 2,607,103
497,116
332,314
May 1 to July 3L ...
964,550 1,137,569
111,353
217,225
Rio Grande W est.b.. Jaly
206.273
64.552
203,674
79,138
Jan. I to July 3 1 .... 1,314,607 1,253,072
447,904
42 7,154
St. Louis A San F r... July 500.189
168,182
211,760
473,343
Jan. 1 to July 3 1 .... 3,418,843 3,235,391 1,261,647 1,190,118
San Ant. A Aran. P...July
120,7 86
132,933
12,618
23,703
Jan. 1 to July 3 1 .—.
93 5,874 1,017,064
162,745
190,115
Southern Pacific—
Auantio Prop.*to...July*1,114,127 1,085,897 *259,248 *137,198
Jan 1 to July 3 1 .... *8,542,456 9,385,331 *2,027,554 *2,569,192
Pacific System b .July 2,733,402 2,9)3,035 1,058,347 1,112,909
Jau. 1 to July 31....17,489,468 17,630,385 5,554,379 5,362,760
Total of all. b ...... July 3,817,529 3,98 9,962 1,317,595 1,300,107
Jan. 1 to July 31 ...26,031,924 27,015,716 7,581,933 7,931,952
a Nee earnings here giv3n are after de luctlug taxes,
b Net earnings here given are before deducting taxes.
* Includes besides Atlantic 8ystem the Houston & Texas Central,
Austin & Northwestern, Central Texas & Northwestern and Ft. Wjrth
& New Orleans.
Interest Charges and Surplus.—The following roads, in
addition to their gross and net earnings given in the foregoing,
also report charges for interest, & c., with the surplus or deficit
above or below those charges.
—Inter’t, rentals,
r-Bat. of Net Earns.
1896.
1895.
1896.
1895.
Roads.
$
$
$
$
Oiev.Cin.Ch. ASt.L. July
231,56L
16,252
235.073
5,130
Peoria A Eastern.. J uly
36,802
36,802 def. 8,172
4,572
Denver A Rio GrMe. July
180,733
179,348
115,098
78,553
Kan. C. Ft. S. A M .. .July
113,386
109,9)3
2,642 def.11,225
Kan. C. Mem. A Bir. .July
16,507
13,371
3,164 def.9,280
STR EET R A IL W A Y S AN D TRAC TIO N C O M PAN IES.
The following table 3hows the gross earnings for the latest
period of all s t r e e t railways from which we are able to obtain
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
w eek or month, and the last two columns the earnings for
the calendar year from January 1 to and including such latest
w eek or month.
STREET RAILWAYS AND TRACTION COMPANIES.
G ross
E arnings.
Latest Gross Earnings.
Week or Mo
Akron Bedf’d AClev.
Akron St.Ry. A 111. Co. J u n e ........
Allent’n & Leli. Tr't’ n May..........
Amsterdam 8t. R y... Ju n e........
Atlanta Con. St. Ry.. July..........
Atlanta Railway........ Julv..........
Baltimore Traction... July..........
Bath St. Ry. (N. Y.K. July..........
Bay Cities Consol— July..........
Binghamton St. Ry... July..........
Bridgeport Traction. ‘2d wk Aug
Brockton Con. St. Ry. July..........
Brooklyn ELevatel.. July..........
Br’klyn Rap.Tr. Co.—
Brooklyn Heights.. August___
Br’ klyn Qu’ ns & Sub August__
Total for system . August___
Buftaio R y.................
Central Trac.(Pittsb.) April........
Chester Traction....... J u n e ........
Chic. & So. Side K T . J u ly..........
Cin. Newport & Cov.. J uly..........
City Elec. (Rome,Ga.) July..........
Cleveland City Ry.... J u n e........
Cleveland Electric... July..........
Columbus St. Ry. (O.) id wk Aug
Coney Island A B’ lyn. July..........
Consol. Traction. N.J May...........
Dayton Traction........ August___
Denver Con. 1'ramw. July..........
Detroit Ry.................. July..........
Duluth St. R y . .......... July..........
Ento p- RR. (Phis’ n. J uly..........
1896.
1895.
Jan. 1 to Latest Date
1896.
1895.
$
$
41,063
9,258
18,057 15,221 102,048
8 4,740
21,234 19,119
80,744
72,223
4,809
4,475
23,337
22,131
32,301 35,743
209,646 186,741
6,600
8,60)
127,324 114,690 721*,215 646,594
2,564
2,347
11,553
11,588
11,500 10,873
51,114
52,955
15,800 14,297
70,756
81,403
8,123 202,248 178,828
32,657 2 7,300 174,72 2 145,893
L59.745
127,910
1,040,525 1,282,454
420,70) 387,343
2,484,523
69.421 63,824 474,371 391,792
490,126 151,167 ,433.331 2,876,315
680.509 637,761
14,80 J 13,523
59.147
5J.971
19,58 3 20,900
93,622
84,160
53,928 54,131 424,086 43 L,921
63,232 59,026 373,401 342,635
1,908 . . . . . . . .
11,791
97,632 96.6/5 538.864 485*37 >
153,470 137,789 950,981 823,938
11,798 11,078 396.714 376,350
4L669 48,856 202,312 224,482
254,753 215,355
5.911 .......
65,199 70,751 414,707 406,899
33,110 ....... 250,246
23,315 25,109 133 393 13 V,278
4.331
4,857
THE CHRONICLE.
September 5, ls96.J
Gross
Ea r n in g s ,
latest 1r<i3n Mornings.
W eek or3 lo
1896.
Denver & Rio Grande Railroad.
1895. j
S
17,4511
2,248;
Port Wayne • ..o s o l
J u ly ......... 19,262; 13,012’
12,446
G iiy r .to n C i y Ry. . ’ February,. 13,05Herkimer Mohawk Il-i
loo
F'kbJrtELRv May. . . . . . . 3 ,8 0 6 i 1,526!
H log'm (Mass.) s. K y.jJuty...........
9,800•
Erie Elec. Motor C o .. J u ly ..........
Flushing Jr ■’oUego Pt. J uua........
17.29 ;
2.21;
975 .... . ,
SoOStoK Bv........... July........
Houston City 81 Ky. Ju ly ........... 19.9U 21,321
Interstate Consol, oi
!
North Attleboro . . J u ly .......... 13,547j . .
Lake S c Kiev. (Chic.) A p ril......... 52,908 ..
Leh! ill Traction......... J u ly .......... 1 1 ,6 1 1 ...
1,467
Lock H areu Traction A p ril.........
5,905
London 8t Ry. (Can.). J u l y ...___ 10,036
7,66
Lorain St. K y.............. J u n o ....... 5,677
Lowell Law. * H .iv. J u ly .......... 50,245 52.518
Lynn A Boston......... ill wk Aug-; 44,202 42,157
Me tron. (Kansas City; 3.1 wk Aug 34.281 36.088
M ile . El. Ry. A L. Co. A p ril........ i126,6 73 115,700
4,829
M ontgomery St. Ry. J u ly .......... i 5,?78j
Montreal Street R y ... Ju ly .......... 118,372;110,035
Nashville sr. Hy . .. . M arch....... 21.804 23.387
13,121
Newburgh E leoitie... J u ly .......... ; 11,314
Hew England St—
Winchester A v e ___Ju ly............ 35,«94 30,650
PlyaYth A K ingston'July.......... ( 4,47o
4,279
8,424
T o ta l...................... R h w k A u g ’ 9,191
4,710
N ewlIaveuACeotrev ’Ju ly ..........
4,953
IS,942
New Haven St. Ry. ...M a y ...........! 20,011
5.864
New London St B y .. J u n e ........
5,129
New Orleans Traction Ju ly .......... 116,106 120,038
N. Y .A Harlem.......... March......... ............
Northampton St. Ry.!
4,920
(Mass.i............... .
March.......
8,256
Ogdoaaburg St. B y .. J u ly ..........
2,783
Paterson K y ,..............Ju ly ............ 31,865 *2&6*2*5
Pitts. Froutenao A
Suo.Eleu. R r.'K a o .i A p ril.........!
1,377;
8,406
Po’ keepole a Wspp. F. J u n o ........
Roanoke Street......... May.............
4,06o; 3,174
Roc neater Ky................ July.......... 70,704 71,658
3,470
Savannah E le ctric... February..
8.4 U
3,939
Schuylkill Traction... J u ly ..........
8,787
5,593!
SonuylklU Val. Trae.. Ju ly..........
8,584
Soranton A Plttstoo. J u ly ..........
6,730 ............ '
--------- 28,298
Scranton Traction— J u ly .......... 33,818
3e.NO; L AV- - ' 1*1Met,., 4p7ll ------ 38.905 22,383
5- i
■
. J .i'y .......
7,41
6,525
Steinway !iy. .............J a n e .......... 3 3 ,i»4 3 3 .U .
991
Btreator Railway-----February.
888
10,1 a . 12,14
Syracuse Conan!........J u ly ...........
3,567
4,487
SyracuseB'at-as ieKy. July..........
27,671 25.400
Syracuse S t R tt........ J u l y . . . , . . ,
Terre Haute Kfc, “Ky May........... ! 13,777 12,84.3
Tbinl A re . IN. Y.) . June _____ ! ............
Toronto R y..................'J u ly ........... 8 7 3 9 9
Twin City Rap. Tran.'July . . . . . . 177,837 176,626
Union (.V. BedfoM ). .D u ly .......... 21,642 19,65 >•
United Tract. (Prov.i July...........168,695 153,395
Unit. Frao. ( Reading)'July.......... 22,86t 20,386
Utica Belt Uric.......... jjit u e .......... ....... ............ .
Wakefield A -t o n e . . . J u ly ..........
7,026
7,705
W aterbary fraon on. J u ly .......... 21,699 22,831
14,823 14,23W heeling Railway
J u n e ........
Wilkwfb. A Wy. Valley J u ly .......... 47,801 45,964
W orcester t'onaol.......J u lv ............ 4 -,i9 8 42,573
1896.
1895.
«
88,744
9,093
95,514
26,31-;
$
80,308
66,790
27,010
18,146
i> a a
............
69,900
69,044
5,292.
48,819
32,208
755,804
.12 1,9 >1
502,802
721,123!
140,276;
18,751*
-Q ro*$
1890.
•
Brooklyn Eleva.re.1* July
127,910
Jan, 1 to July 3 1 . , . . 1,040,626
Dry Dock K. B, A Butt.—
Apr. I to Juno 30 . . .
109,075
Jan. 1 to Jun« 3 0 ....
359,801
Rochester Ry,—
Apt. 1 to June 3 0 ....
218,821
Jan. 1 to June 3 0 ....
427.596
Twin City Rapid Tr. July
- 7
Jan. 1 to July 3 1 ,... 1,138.002
1895.
$
159,745
1,282,454
OPERATIONS, ETC.
Equipment —
30,309
37,199
232,836
711,133
1,074,352
412,308
27,911
625,689
127.564
16,453
19,30?;
10,815!
187,603
12,997
............
162,218
5.435
39,448
15,06-
........
12,572
498,300
478,923
51.380
34,623
4 9,723
25,639
195*636
136,042
46,26 i
153,179
159,000
74,233
21,93s
175,5 It
The annual report has been issued in pamphlet fo rm fo r
the year ending June 30, 1S9S. The remarks o f President E,
T. Jeffery will be found in full, together with valuable
tables, on subsequent; pages o f this issue.
The follow ing comparative statistics have been com piled
for the C h ron icle :
Miles operated (average)........
33,356!
25,5 49
74310
63,220
20,193,
19,370
797,332 761,145
232,26
279,026
2,12a
C R e p o r t f o r th e y e a r e n d in g J u n e 30, XS9S.J
. .. . . . . .
74,530
44,086
118.013
1.827
98,4 U
129,904
47,960
60,050
,292,915 ,273,001
545,258
537,'l27
,138,002 1,101,027
117,983; 100,519
906.44-! 900.013
99,817
110,6.3:
75.128
82,09129,921
32,780
139,19 ■! 133,112
81.763; 67,979
284,300 335,762
284,053* 239,214
Street Hallway Net E arnings.—The follow ing table gives
the returns a t S treet railway gross and net earnings received
this wtsiK, In reporting these net earnings for the street rail
ways, we adopt the same plan as that for the steam ro ids—
that ■», we print each week all the returns received that
week, but once a month {on the third or the fourth Satur
day) we bring together all the roads furnishing returns, and
the latest statement o f this kind will be found in the
CHRONICLE of August 22, 1886. The next will appear in the
issue o f September 10, 1896,
8oruft.
397
------ St$t P a r m a a s .-— *
1896.
1895.
*
«
07,798
45,428
*14,185
589,670
190,637
354,275
49,366
06,713
45,759
82,826
220,16?
407,267
176,626
1,101,927
57,900
115,895
104,471
629,219
93,070
152,150
106,963
807,769
Locom ottves(at Sc Bar. gauge)
Freight ears .stand ,cd gauge)
Freight ear* (narrow g a u g e )..
Passenger ears (stand gauge),
Passenger ears (o a r.g a u g e )...
O p era tio n s—
1895-6.
1,663
1894-5.
1,657
292
3,350
4,327
82
139
1893 4. 1892-93.
1,651
1,646
291
2,567
4,131
82
140
293
2.567
4,431
82
140
300
2,568
4,493
82
137
Passengers carried ( number).. 635,129
513,330 433,898 686,889
Freight carried (W hs).....1,966.131 1,992,7 611 ,739 ,253
2,188,079
EARNINGS AND K ' TENSES.
1895-96.
1891-95.
1893-91.
Earnings jrom —
$
$
Freight
..........................5,179,050 4.819.905 4,521,163
Passengers _____
1,478.911 1,18},270 1 ,1 7 ',1 8 4
Miscellaneous ................
893,236 913,665
771,696
Total earnings
Eiimnstsfor
......... .7,551,117
6,916,310
6,470,014
1892-93.
$
6,569,573
1,782,927
965,146
9,317,646
-
Maintenance o f way ....... 973,611
829,720
Maintenance o f strn ,-turei
185,713 141,137
M iinteuauce o f equipment
j 23,755 348,310
"onduoU ngtrau, u riat'n .2,392,145 2,138,763
E ipress e x p e n s e s ......... .
188,237 175,623
(leiier&lexpenses............... 379,260
Total expenses ........... 4,318.781
293.6 9
846,959
102.797
33 ',121 3,282,081
2,2 13.0 24
151.786
252,564
3.991,212 3,972,531
Net earning*...................... ..3 ,202 .406 2,925.623
P e r c to fe x p e n s stoearu s. 57-59
57-70
2,503,493
6T 3 4
5,282,084
4,035,362
56-69
INCOME ACCOUNT.
1895-96.
1804-95.
1893-94.
1892-93.
R eceip ts8
8
8
$
Net e a rn in g * ........................3,202,106 2.925,628 2,593,493 4,035,582
o th e r Income .......
57,334
11,600
10,300
54,575
T..U1 . . . ..................... .3,259,740
B leb irrsem eni*—
2,910.328
Interest on bon ds...............1,917,950 1,997,931
Interest, discount A etch .
1.136
Taxes and Insurance . . . . 332,788
312,256
Betterin'!* A renewal fund
New equipment .. . .. . . . . 143,568
D lv ld eoa soa pref- stock .. 473,000
Miscellaneous and rentals
74,016
70,1 »6
2,513,793 4,090,137
1,993.873
7,310
347,227
77,720
1,086,675
2,631
352,083
210,000
473,00*6
106,434
T otal....... ........ ..............3,011,350 2,411.533 2 ,lg 6 ,l3 0 3,160,823
Surplus ............................... 218,390
528,690
87,663
929,309
BALANCE SHEET JCNE 30.
1896.
1895.
8
1894.
8
Cost o f mail s o l btftnebe*... ...1 0 1 ,2 3 1 ,6 1 7 1 0 1 .154.216 101, 11 8,53 2
4,135.141
Equipment . . .
,125 071
5, ,129.253
M ute:lal» anil * tpplb’ s ....... . . . .
39 4.397
301, -70
369,197
2 l 0 ,n i
181,512
Agents niut cnnilaetors ... ......
188,931
Bill* r e c e iv a b le .......... .................
25,000
33,000
: 4,800
215,540
Individual* and companies . . . . .
103,95(3
237,507
........ ........... 1,7-29,986
Beouritlf* owned
,873,550
,503,711
U 7.it 7
431,575
Special renewal fund ......... .....
437,617
Miscellaneous accounts..._____
“ 8,984
155.193
1 4 9 ,60 9
Cash..................................... .............
525,336
500,442
383,178
T o t a l ........................................103,942.059 100,300,4)3 109,582,085
L i itiitlties—
Capital stock, com m on..............
33,000,000 39,000.0)0 38,000,000
Capital stock, preferred................ 23,650,000 23,650.0 >0 23.650.000
1st m ortgage bond*. 7 per c e n t .. 8,382,500
6.38 i,500 6.389.500
la toon s, tourt. bends, 4 p ercen t. 23,610,000 28.6VO.000 29.850.000
fraprev. mort. bonds, 5 per cen t, 8,103,500
8,1 3.500 8.103.500
Betterment f u n d ................
437,517
451,575
437.047
Vonotier*....... ..........................
167,243
145,318
297,951
Pay mils, etc ..............................
302,942
315,839
325,420
L oud* p a y a b le ...................... ......................... ......
50,000
Rid* payable....................... ........
............
109,000
Truffle b a l a n c e * . . . . . . . , . . , , . ____
. . . . __ _
12,300
A ccrued intere-t on bon ds___. . . .
103,227
108,227
108,227
C o u p o n s ,......................
608,340
607,017
601,183
Miscellaneous................................
239,151
256,297
240,876
Dividends...............................
236,820
B tfai.ee to credit o f profit and
loss, b elogexoess o f asset* over
all liabilities................................. 2,056,418
2.130,194
2,823,055
T o t a l................................ ......1 0 3 ,9 4 2 .6 0 9 108,800,498 100.582,665
- V . 03, p. 225,
ANNUAL
REPORTS,
Annual He ports.—The following is an index to ail annual
reports of steam railroads, street railways and miscellaneous
companies which have been published since the last editions
of th e I n v e s t o r s ’ a n d S t r e e t R a i l w a y S u p p l e m e n t s .
This index does n o t include reports in to-day’s C hronicle .
Rio Grande Southern RR.
(Report fo r fiscal year ended June 30,1806.)
This property was in receiver’s hands until Die, t, 1893, but
President Jeffery in his report covers the operations o f the
entire fiscal year ending June Si1, 1898. He says in p a r t:
“ The increase in gross earnings la 31-48 per cent, in e x
KAir.itotris and .Wh orl , Co's.
B a II. r o A lt9 AND MtMCMh* GO’ S.
penses 28*38 per cent, and in net earnings 10'33 per cent. The
V olum e 8 3 Pag*.
Volume 6$—
Page.
.m u m ii® it 0|$o.......
AJfesmj A
m * net income from traffic and interest received afforded a surplus
Ammrlemt
blemnfMaturing, m
N*sn York A Canada. ................,, 3&3 o f $68,708, after providing for interest on funded debt, taxes,
Al^». Tope*® A % F «,.__ m-'i
3*57 If, V. (in R ita 4 VVesskem.
insurance and all other charges against incom e.” * * “ Dur
iifUttmoret 4 li^hjgsL.
.
;’
:
-- ... .
SE5W, W)Q Kail war Equipment o f Minnesota. <27 ing the year the follow ing improvements were made: 432 tons
Homemk Mains.,
..... *
ftSBli waa f • SakrAl^ifA.................... 453
Bolfain Roe beat*r M PHia&Bsfg*
3an Antonio A A n u t«u Pawn...... isi of 43-pound ste-1 rails were purchased and laid, replacing
It lleefe* Mlnlusf..,....
\m ■I n fraaci$0f> ,% North PactB o... . 1*7 some of the 30-ponn 1 rail in the main line between Hesperus
Owattsrf vetw&mt ., , ____ ...
So«th«ra Railway,,.. ... , . . . . . , m i
tjhmmpmkf?. & O h i o . s a l , 3o»( ah Staten l*hm/i fiipd Transit- ..... 35$ and Durango, and about four miles o f this portion o f .the
c&tf
3t tfitfih wt»4tdTTtr&g>, $(&„
8jrae».*ie RifiRhamptoR A N» V. ..
track were ballasted with gravel, D utiog the year 38,104 ties
CMmgc#k Wmtmm IBirtoi=«......
wm
-■ ;
.........
were used and 38,143 additional were received and paid for
Her. Cln. Chimao 4 St, Loaift......
Trow mtmiorf Ptintinm k Bookb
f>«*S’r«r # -Rio clramS#,................ .
N, Y. Je PtzMTMfiviifila .« WM and wilt be placed in the track before autumn. A new and
Fall Btw Il .,.., .
wS
fJYRfSrf RAi.tW'Ars.
commodious depot at Mancos was erected, and quite a number
PWMthum
‘JU4
Wma&tffl HLit W. Tmm.
W7
fa mtimAm***,**■•*i#.*3.4*>o f minor improvements were made in the various buildings
Intliana* L«k«* MitGitiraa.....,..... H i Dm* m
*er Consolidate* J Tram w a y ,,. 3$
MaohatfefiQ
iM, f. > . MM
and structures along the line. The oust o f ad these improve-
THE CHRONICLE
398
merits, including excess weight of rail, was charged to opera
tion account. Toe company has 163 miles of mam line, e x
tending from Durango to Ridgwiv, IS miles o f b ra n d ies and
19 miles of sidings, making a total of 199 m iles o f traclt, all
three-feet gauge.”
Earnings and expenses have beoQ as follows :
1894-95
1895-96.
$310,000
F r e t " ...................................................^ 7 | .3 3 |
52,48 i
40,315
Express, mulls, miscellaneous and rents.
37.610
Total earnings.............- .................. ..$139,231
Expense * —
.
$102,798
Maintenance of way.............................-•••
Malntouauoe of structures ................... ..
10,/
Maintenance of equipment............... —
Comluctlnc transportation....................... 1^7,4/O
General expenses........................................
^0,004=
$ 56,482
Total expenses...........................- ......... $255,008
Percentage of operation......................... (52*12)
$234,226
Net earnings.............................
$201,802
(50*10)
$200,996
8,965
17,703
98,332
20,320
INCOME ACCOUNT FOR THE FISCAL YEAR ENDED JUNE 30, 1896.
1895-86.
Net e a r n in g s.....................................- .................. - ......................... $234,226
Interest receiv ed.......... ..............................................................._ _ _ _ _ _
Total net income .................................................
$235,602
Tax<?9._- .....................
31,594
Interest on landed debt................................................................ 13nnnS
Insurance........................................
______
Remaining surplus oarrled to credit of profit and loss—
$66,706
BALANCE SHEET JUNE 30, 1896.
Assets.
Road equipment..........$9, 020,000
D. & R. G. RR. Co. con
tingent. under con
tract dated Feb. 27,
129,532
1895............................
Ool. secur. at cost, un
der contract with D. <fc
252,800
R. G- RR. Co...............
52,737
Materials and supplies.
13,985
Agents aud conductors.
50.o<’ o
Bills receivable.............
4,213
Individ, aud companies
2,513
U. 8. Govet nment........
650
R. G. Fo. 1st M. bonds.
992
Sundries.......... .............
97,875
Cash.............................. .
Liabilities.
Capital stock................$4 510.000
First mort. gold bonds. 4. 510.000
Bills payable under con
tract with D. & R. G.
RR. Co., dated Feb.
382,332
27, 1895.....................
13,1*5
Vouchers........................
17,269
Pay-rolls........ ..............
3,276
Foreign roads..............
3,439
Equip, renewal fund...
2,694
Hospital fund................
3 L,594
Accrued taxes.............
Accrued interest on 1st
67,650
mortgage bonds.. . . . .
30
13ond coupon 8. ..........
Balance to credit of
83,793
profit and loss..........,
Total assets.,.......$ 9 ,0 2 5,2 9 7
—Y. 61, p. 1156.
Total liabilities..........$9,625,297
Wabash Railroad.
(Report for the fiscal year ending June 30,1896.)
[VOL. LXII1,
New York Susquehanna & Western Railroad.
(Report fo r the year ending June 30,1896.)
President Amos L, Hopkins, in the annual report, says:
“ The past year, like the one preceding it, has been one of
unusual depression, affecting especially the income from the
coal traffic, but your comoany has earned net §79,254 more
than its charges, guaranties and taxes, has paid off and
retired $73,000 of its 6 per cent collateral trust bonds and
§47,969 car trust certificates. No expenditures have been
incurred during the year not required for the economical
operation of the road. A ll the property has been fully main
tained and its condition has in no way depreciated.
“ The gross earnings per mile of road owned (163 miles)
were §11,315 in 1896, against §9,100 in 1895. The operating
expenses per mile in 1896 were $6,344, against $5,933 in 1895.
The net earnings per mile were §4,971, against §3,167 in 1895.
The per cent of operating exoenses to gross earnings in 1896
was 56*07 per cent, against 66*53 per cent in 1895.
“ On the first of July, 1895, an agreement was entered into
! with the Railroad Equipment Company for the formation of a
car trust for §366,309 on account of rolling stock previously
delivered to the company, the principal of which appeared as
part of the floating debt of the company in last year’s report.
During the year §47,969 has been paid on account of this
trust, reducing the amount to §318,340.
“ The company paid during the year §307,193 to connecting
railroad companies for the transportation of coal from the
breakers situated on the tracks owned by this company, in
the Lackawanna Valley, to the Wilkes-Barre & Eastern R R .”
The coal tonnage for the late year aggregated 1,418,996 tons.
Of its mortgage debt (§13,927,000) the company holds in its
treasury §221,000 general mortgage bonds and §150,000 second
mortgage bonds, coupons of whicn are not charged against
the income account.
The interest deficiency in operating the Wilkesbarre &
Eastern was §11,259, which explains the difference in the
surplus as reported for the year on the road proper and on
the same including the leased and operated lines.
As to road and equipment, the General Superintendent says :
We have 87 engines on the road, of which 82 are in good repair and
In service, 4 in shop undergoing repairs aud 1 condemned as unlit for
service. All our freight oars have been raised to standard height
and equipped with grab irons in accordance with law; 14 coal oars
were taken out of service, caused by wreck and burning. All the
equipment has been well maintained aud is in good condition.
We have laid 2*y3 miles of new- 71-lb. steel in main line and have
put in main track ana sidings 87,448 ties, l ^ O ^ feet switch timber
and. 745 fence posts. The roadbed has been well maintained and is
in good condition. With the exception of the bridge at Sparta, the
one near Stroudsburg and arch bridge near Middletowo. and two or
three small waterways, damaged by flood last spring, whioh we are
now rebuilding, all bridges and buildings are in good condition.
The statistical tables and balance sheet are given balow:
The annual report will be published in the C h r o n ic l e n e x t
EAKNINGS AND EXPENSES.
week. In the meantime we quote as follows from a state
1895-96.
1891-95.
1893-94
ment by President Ashley :
(12 mos.)
(12 mos.)
(13 mos.)
It is satisfactcry to note a steady improvement since the
Earnings—
$
$
$
years of depression 1893 and 1894, and consequently an in Passenger.......................... .......
368,914
344,620
389,720
1,284.256
1,547,201
crease in profits amply sufficient to meet alt fixed charges Freight............................... ....... 1,370,219
37,086
Car mileage........................ .......)
48,904
c
and to leave a moderate surplus. During the year the re Mail,
48,638
39,237
express, etc............. .......V 97,666 k
funding of the §9,000,000 first mortgage bonds, referred to in Miscellaneous.................... .......5
38,753
63,079
l
the last annual report, has been successfully accomplished,
Total.............................
1,753,353
2,088,141
and the financial status of the company is now more in
Expenses—
accordance with the conservative spirit of the times.
140,134
Maintenance of way........ .......
171,495
182,241
The Joint Traffic Association since January 1 has demo n- Motive power.....................
812,311
907,9.12
strated to the satisfact on of all the companies interested the Transportation..................
.......
89,614
182,699
94,279
entire practicability of maintaining established rates. West Miscellaneous................
of St. Louis, h jwever, the condition of rates is not very en
1,’ 84,422
Totai..................................... 1,029,857
1,166,505
couraging.
Net earnings.............................
806,942
586,848
903,719
Railway transportation has not, thu3 far, derived the ad
Add*56,083
23,5 27
2 3,565
vantages from the immense corn crop of 1895, so freely antici Other in com e...........................
3,934
pated. Tiiis is to be attributed mainly to the low prices Profit in adjusting accounts...
which have ruled in the markets, and which still prevail.
Total.....................................
863,025
610,375
931,218
The pending Presidential election naturally brings hesita
Disbursements—
669,618
624,900
587,992
tion and dulness. If the result to "be announced in November Interest on bonds.......................
26,703
Rentals.......................................
26,703
30,950
is such as to give the financial and commercial interests of Discount,
etc.............................
26,296
52,649
19,605
the country confidence and hope, there is every reason to be Taxes..........................................
50,096
47,499
39,549
120,000
lieve that a mor favorable prospect will at once open up to D ividends.............. .......................................
Loss on W. & E. RR
57,172
the agencies of transportation.
Results were as follows :
Total................................
772,713------- 751,751
855,268
1896.
1895.
1894.
1893.
Balance....................................... sur.90,312 def.141,376
sur. 75,950
$
$
$
$
12,807,147 11,959,839 12.551,449 14,220,444
* N ote .—Other income in 1895-6 includes $33,951 from interest on
Operatiug expenses. 9,242,609
8,921,030 9,830,380 10,807,604 bonds owned, $15,085 from old material and $7,048 from rents, eto.
Net earnings........ 3,564,538
3,038,809
The deficit in 1895 was attributed to the partial suspension of
2,721,069
3,412,840
Per cent of op. cx.
coal transportation during the months of June, July, August
to earnings...........
(72*16)
(74*59)
(78*32)
(76 00)
and September, 1894, which showed a net loss over the same
Add mi seel, receipts,
Interest, div., etc..
140,739
239,587
439,460
519,086 months of the previous year of §151,859.
Earnings for the whole system, 225 miles, including the
■Total...................... 3,705,277 3,278,396 3,160,529
3,931,926 Wilkesbarre & Eastern, for the year 1895-96 were :
Hcduot bftl’nce, joint
track rentals and
Gross.............................. $2,217,696 Net income.........
$1,005,191
miscellaneous.. . .
417,251
474,968
475,764
512,273 Ne ..................................
948,737 Fixed charges__
92a,938
Other
income................
56,454
Balince,
surplus
79,253
Net receipts.
3,288,023
2,803,428
2,684,765
3,419,653
Deduct taxes..
519,678
507,793
CONDENSED
BALANCE
SHEET
JUNE 30.
497,098
457,369
1896.
1895.
1894.
Net earningsappliAssets—
$
$
eable to interest. 2,768,345
2,295,635
2,187,667 2,972,284 Road, equipment, eto............... 33,746,548
33,654,656
32,769,362
Interest on bonds... 2,701,545
2,838,542
2,859,431
2,714,704 Stocks and bonds ow ned........ 5,890,430
6,001,427
4,883,626
Bills reoeivab o and advances...................
856,020
Surplus...................
66,800 aef. 512,907 def. 671,764
247,580
Current
accounts.......................
582,434
556,8
i9
3o5,2l6
Deduct 1 per cent
Materials on hand.....................
82,441
80,930
71,390
paid on debenture»
Cash on hand.............................
3 8,505
67,170
96,746
A bonds........ .
35,000
210,000 Profit and loss, deficit...............
63,956
93,669
Net surplus..
31,800
37,580
Total assets......................... 40,404,314
40,459,751
38,982,360
THE CHK0N1CLE.
S eptember 5, 1898,]
1896.
1S95.
E ia W ft m —
Preferred stock .................. . 13.000,0)0
13.000,009
Bonds (see St’ PPBBueXT)___ 12,927.000
459, fOt
3 34.737
Cjifflaos stock ................... .
Ami. pay-roll* m i ! vedeuer*.,
Losn» secured by collateral-..
R- B ircli-u, ;■ iisM-.- ........
Carrel! t uccnuum...................
fat and renal accrhl. ........
Dividends unpaid..................
Land ill pt ilfi >i ities....... .......
-Equipment far trust .............
N, J. Geo. See«r. Co,, trustee.
Profit and toss......................
119,814
2 >9,595
9,330
45.4*9
313,240
43,8 tti
1894.
$
13,00 1.000
1 3 . mjo.0 0 )
11,336,00 J
51 0.36 )
543.3 >9
51,740
12 1,729
13,0 M.050
13,000.009
13,000,000
39 >,7 &■-*
63 >, >77
4-i,9t7
124.125
201.9 43
9,620
43.433
10,083
45.938
75.916
Total liabilities....... .......... 40,404,314
—V. 8a. p. S3.
40,459,751
33.982. S60
Chicago Great Western Railway.
89y
exercised in loading cars and trains to their full capacity, and
large exotmditurea hive put the m >tive piw er and cars ia
more efficient condition,
Experi&nta haye also deni ms'rated tha possibility of re
ducing the grades with a moderate expeadttire of money,
which would still further reduce such cost. Tha maximum
grades are one par cent, or 53-80 feet to the mile, which ia
lower than any other line crossing tha State of Iowa, but by
reducing particular grades there will resulta practical reduc
tion on a large part of toe line to ill* low m ixi.n u m of 28 feet
to the mile. The m aximum load which one engine will now haul
over the 130 miles nearest to Chicago is only 700 tons, 310 tons
of dead weight (cars) and 460 tons of pay toad; while with
such a revision of grades as proposed, the engine lo id would
be increased to 1,000 tons—about 35 ) tons of d a J weight (cars)
and 050 tons of pay-load (freigtit), thus enabling a tram to
haul 190 tons more of paying lord without any increase of
expense. B irring a secuoa of 35 miles, it is possible to make
such reduction ia ,;i>- bound grades on the m tia stem from
0 dwein to Chicago (215 miles), on tha southwestern line from
Rednbeek to Oelwein (45 miles) and on the northwestern line
from Dodge C-mtre to 0-1 well (108 miles), in all 369 miles,
which carries the thickest traffic, at a cost of about $250,0)0,
The money was provided and the "work of reducing grades is
now in progress and will be completed during the next fiscal
year. Pending completion of the work tha tendency is of
course to increase richer than decrease the cost of trans
portation.
Equipment.—As to equipment,jtheyep ort says:
(Report for the year ending June SO, 1896.)
President A . B. Sttckney in the report says in part:
General Remit» —The gross earnings have increased
or 29-58 per cent, and the net earnings $130,338,
or 70-8 per cent. The increased expenditures for maintenance
of the p-rtniio-r.i way and of the equipment have been made
in accordance with the policy announced in the last annuil
report of continually improving the plant. Tue year's in
crease in earnings, requiring an inoreisa of 76t,?05 train
miles, has been accomplished with an increased “ cost o f con
ducting transportation” o f only $ 159,193. The company his
pursued the policy announced in the last report of increasing
and improving its passenger service, lookiag toward future
rather than immediate returns. The passenger train mileage
To t o - ; t* *•requiretaonto o f the law tha com pany has been Kraduhas been increased 307,153 train miles and the pa-aanger train ally Applying .u tn m iU o cmipfer-i silt atr brakes to Ito freight eqiln m oot. Ot* t o D*ooiu!*-r, 16 <5. it bad thus equipped alt o f its s tic k
earnings have increased $143,U7.
T h e fo l l o w i n g c o m p a r a t iv e ta b le s h a v e b e e n c o m p ile d f o r
t h e CHtSOSICLE,
B sa so rcs. axM awas « # cm vsor.s.
1M>.’ 90.
1894-93. 1603-91.
1892-03.
K a r n in g e $
$
$
$
Pa»«-*fe.-ri............ ................ 972.OP0 837.072 1,014,321 1.103.116
Freight ............................. 3,513,097 2,5 9.104 2.763.2 i ) 3.73l,ri%s
Mall, express, A c . . . . . . . . . 19*j857
*tt».s32
434,195
248,210
oars and about 2 •» o f h « other fou n t 0 tr», an t in tua D eesu b er esti*
m ile for iiapi! .! cxuondltcres i h -te
laciudstl $12 >,•• *0 fo r equlpplnv abunr t o o o#r» per month during tue twelvo m onihs uf tbo oalcudnr yo.ir
which work 19 now t i progrsM Daring the year
eight paw*>>ng(>r 00 ache* wore parch ts •I at a coat o f $39,616, Sevan
Uoadredaml ninety uars b»v-.* hcoti eqhipp *1 with air brake* and 933
car* with aatotuv lc couplers, at a coat or 4 Hi, 12 1. 1'ttroagb pissauKer train s have been equipped with atoam heating ap'paratni at a oust
of $lt,S<fS,
Sterling Loan.—To meet the expenditures for reducing
grad- ■*, improvement o f equipment and other additions and
improvements specified in the estimate* (see table in pamph
Maintenance o f troy.------ 643,538
470,020 j
let report) and to pay the sterling loan of £70,0)0 which ma
M aintenance o f rqutemeSU 531.859 42 0,070Conducting transp orter!!. >,648.333 1,489,039
nr,„ ,a - . Al!., ,
tured during the year, the director* harrowed £300,000 and
Agencies sa d e a v c r u .io * . 183,445
138,573
4.083.1 <s issued its promissory notes therefor, payable in live year* and
General expeawm .............. 302,76* 269,847
bearing
six per cent interest,
Taxes.......... .................
144,000
120,000 J
Br'uiges, Uailts and Ties.—The report says:
Total warnings____ ....4 ,7 0 9 .8 2 0 Items. US 4.011,708 0,063,01*
O p t n iU it g e tp e n te * —
T o ta l,............................. 8,454,243
S et earn in g ... . . .................1 ,2 5 5 ,5 7 7
2,930,749
690,340
i
3.002.897 4, 63.173
1,008.8 L2 1,019,333
Tteilua—
Interest................................ 6 5 d . m
Rental*................................. 436,003
021,290
4 48,616
Total------•................. 1.093,541 1,069,912
Balance................................sr 1.31.063 df.37Q.563
315.823
454,063
52 4.014
480,312
1,000,786 1.001,3.6
«tir,8,026 eiir.15,513
' f n t x t t u , « w .* jfc e sheets , c a r n a l , a c o o b st *, j p v r . 30.
1890.
1895.
1894.
Asset*—•
8
$
8
Cost o f rolling stock ow n ed ............
2.372,878 2,148.889 2,143,372
<>..!
■>
- .
l . ' i n . S l ' 1,76!,967 i
o ;7
Cost of road, including birioluat* . 51,313.076 30,922,380 50,380,814
Four p.c. debenture stock in ir e a a 'f
66,500
68,400
60.503
> . t.r-ii- sr-1
7 I,SO !
;
7.1,-IX,
Buvcniy-ooe pile bridge* hav<- been renewed with white
oak piles. Tin• additional cost o f tha white oak pit— over
whal n would h»v"i> oo*t to renew with the original (tunltty (piuo) hits been charged to Improvement*. About 5,997 lineal
feyt o f wooden brtlgea have been Oiled with earth, and 5,215
additional lineal feet are now In p r o e -s s o f Otllug, a id will be ooinPtefed thl» Aiunmur Fifty wooden bridgoi have tiaen replaoed with
stone eulvort*. A bout t o o lineal feet o f wooden bridges have been re
placed with steel on stone uliutmeut*.
About 30 miles o f track have been re-laid with 75-pound steel rads,
in pmoc o f im pound rem oved.M id the cost o f iho exoea* w eight has
been ehargeil to additions and improvements.
Tub flea pat la track numbered 433,032 U id.035 o ik, 227,677 i.jiuuracki, against 701.768 In 1334 96 The ovoas, cost of oa t tins laid in
track dnriog the year over the price o f pint* ties which they repiaued
has been oh triced against capital, a* an llnprovetneut to »h» property,
1 he balance has been charged to operating expousa*.—V. 62, J>. 1136.
Interest In Chio, Union Transfer By.
Stoeks o f other eo m p sn lr,.................
90.82-9
48,328
48,324
Minneapolis & St. Louis RR.
665.678
521,873
525,132
C M h lo to tb .............................
108.327
...........................
(.E a r n i n g s f o r y e a r e n d i n g J u n e SO, 1 8 9 $ .)
A m ounts and hills roculs »b l*..........
l'd i.6 2 9
22,034
29,176
» M « l t o n w i M ..............................
*694,334
41,009 1833.733
In advance of the annual report, results for the iato
year have been reported to the Obrosiole as follows.
T otal.......................... .................... 57,165,362 55,612,832 55,847,172
lA a b U U it*Frtorlty l .an C. 8 L P 4 K , C. B y ....
Equip. V j sew nr'tat.Q, St. p .A K.i.i By,
Deb. stock, interest payable In -e w L
Deb.stpek. Int.payable to deb. ‘ stock
S e tip red eem a ble In d*b. s t o c k .........
FI .............
> preferred
fissal
This
road was reorganize i in O ctober, 1004, and therefore 1895-5
2,931.150 2,923,150 2,823,150 is the first complete fiscal year under tae new condition*:
i ,207,405 1,313,859 1,444,088
1805-00,
1884-05
1893-04.
s, 121,830 7,997,300 5,7I t ,730
B a m in g t fr o m —
*
*
$
3,508.400 3.560,300 3,53 4.380 I'm****ogers.............. ...... .
333,520
355,188
15,664
11
1 ,9 9 9,91 4
A . . . 11.150,400 11.180.000 11.133,60J
Thorper rent preferred - t R ... 7,411,100 T. tti. ifM 7,444.190
Common s to c k ........................
2O.s0-.M45 2tt.903.U43 20.804.343
E
7t s41 ***4011*’ * *.-(ft?i .*«4
' 1
*5
?■*,ryif Ty
.
Itovoo stock tihtc Bn.TransferRy.
40,000
40,000
40,000
Balance due no 251 box cars...........
............
40.000
1 >(>,< 03
Current b ill- p a n t ile ......................
4W.611
154,16%
437,525
Temporary loan fr«tn re venue twola.
321,449
............
338 ,26 J
Storting loan One to 1 3 9 « ............. .......................
330,394
...........
Interest warrant* red. in deb. s»*»-k.
690,34 r
55,916
.......... .
Hi-eseltaiwHts.................. ...................
130,206
.
..
T o ta l--------------------------------------- 57,185,363 5.5.612,932 53,847^78
5%>rr. ■In addition tat the amount o f stocks shown as oatstundlng
there 1* issinpie to exchange fer *eo«rta«4 of QtO C. Bt. P. * K. O, R f.
Co, wWrh are still faMMBMkK. tin- follow !nv, whidii a* Issued will be
i&kiirtitvl %o rust of the property: Four per cent debenture stock,
•1*0,3005 five per rent preferred stock A, $210,000; four per cent pre
Freight ..............................
Mail, express, &c..................
Total gross.............................. ..2,028,308
Operating expense, and taxes ....1.203,552
Incom e from other source*.
.
Netlnenroe.......... ..........
Deilnd—
1,378,784
100,694
1,243,538
1,823,998
1,708.870
110,114
824,743
*7,572
912,320
Interest on bonds................... 580.540
Dividend* on s t a c k s ............ ..........
245,000
Total .................................... 925,540
Balance surplus tor year....... ... 80,780
I-
- V . 03, p, 78.
Central New York & Western RR
(Earnings f o r the year ending June SO, 1S9G.)
■ >
Casli with Finance Ck»tu. In London a n d $329,133 bal nice
Results
for the 1ito fiscal year compare with previous years
Win*, to 4 p. e. dfib. stock.
■ ’ $680,347 1* on accoun t ot sundry holder* of 4 p. a deb. stock, and a« follows :
5fp, c. n*ef. stock A who dw not wake a cash substoptloii of 12 % per
1880.
1895.
1804.
cent of their Boidttttt* of those stook*. and therefore will teeelve dub.
T ear * en d in g J u n e 30—
$
$
$
stock at par until they have so received 12% per cent of their holdings Gross e a rn in g *..........................
04,833
. 70,683
71,305
In payment of interest and diridunda as they mature.
67,435
60,573
. 00.846
Operating ex pen ses..................
impromm- ntn. — The more the transportation problem
4,200
.
9,837
3,000
Net earnings....... ................ .
is studied, the more evident it appears that the present lo -v- Other Incom e..................... .
169
04
82
rates are ana voidable and that riilways must look for in
4,042
4,429
,.
9,891
Total n e t , . . . . ......................
creased net earnings from a redaction ta the cost of trans
Deduet portation, rather than from increased rates. [To support this Intcrost.....................................
S 12,100
12,100
16,103
t 3,010
3,121
opinion, President Stiokney enters quite fully into ths cost of T a x e s ..........................................
raising and handling grain, showing the small margin even
15,221
15,1 IP
T
ota
l.................................
now remaining to the farmer. For particulars, see pamhplot Balance, d eficit.........................
0,272
11,077
10 793
report.] During the past two years, therefore, care has been - V . 59. p. 050.
ferred stock fl. #15,000; o nrmi’Mi *tnek, 8017,1*25; total, f 1/159.9 25.
THE CHRONICLE.
4 00
Cent m l o f Georgia Kail way.
(Statement for year ending June SO, 1S96.)
Results for the late fiscal year have been reported to the
Ch r o n ic l e and compare with previous years as follows :
[These figures represent the results of the operation of the
r a i l r o a d s now embraced in the Central of Georgia Railway
Company, with one or two minor exceptions. The principal
properties were taken over from the receivers by the new com
pany on Nov. 1, 1895, since which date sundry min or roads
h a v e been absorbed.
The fixed charges of the reorganized
company amount to $1,826,000. The entire surplus over fixed
charges for the year ending June 80, 1896, has not, however,
1896.
$
5,369,426
.3,450,498
. 158,989
1895,
$
4,991,408
3,225,997
154,474
1894.
$
5,179,508
3,375,836 '
154,474
.3,609,487
1,759,938
. 407,371
3,380,471
1,610,937
273,456
3,530,360
1,649,148
341,908
2,167,309
.
38,065
1,884,393
108,264
1,991,056
21,784
.2,129,244
Average mileage covered b
above statem ent....................... [ 1,454 m.
$3,693
Gross earnings per mile.........—. •.
Net earnings per m ile ............— . $1,108
Oper. exp. to gross earns., p. o ... . 64-26
Op. exp. & taxes to gross ea.. p. ci. 67-22
—Y. 63, p. 29.
1,776,129
1,966,272
1,416 m.
$3,525
$1,138
64-63
67-73
1,416 m.
$3,658
$1,165
65-18
68-16
Years end. June 3 0 -
Total.
North Pacific Coast RR.
( Earhings fo r year ending June 30, 1896.)
Results for the late fiscal year compare with previous year
as follows:
1894.
1895.
1896.
$
Years aiding June 30—
9
$
383,195
376.492
Gross earnings..................... . . . 353.365
291,007
..
.
267,074
284,086
Operating expenses..............
Net earnings....................
Deduct—
Interest on bonds................ .. . .
Taxes...................................... . . . .
Other charges.......................
80,800)
13,378 >
656)
92,406
92,188
90,637
90,110
90,637
90,110
Total.................................
snr. 1,769
sur. 2,078
Balance for year...................
The total profit and loss deficit June 80, 1896, was $791,] 10.
New London Northern RR.
( Earnings fo r year ending June 30, 1896.)
Results for the late fiscal year compare with previous years
as follow s:
1896.
1895.
1394.
Years ending June 30—
$
$
$
622,892
604,345
Gross earnings...............................
412,452
412,682
Operating expenses...................... ........ . 433,473
Net earnings............................. ......... 230,282
Other income.................................
210,440
49,790
191,663
40,289
Net income..............................
Deduce—
Rents paid for lease of road......... ...... >
c
Taxes.............................................. ...... > 194,280 j
Miscellaneous......................... ..
260,230
231,952
167,833
32,530
1,615
167,833
31,617
1,161
Total......................................... ......... 194,280
Balance, surplus............................. .......... 85,543
201,978
58,252
200,611
31,341
[V ol. L x m ,
stocks than we do, and for that purpose borrow large amounts
from time to time— a policy which it m ay be necessary and
advantageous for this company to adopt when financial con
ditions are more stable.
Receivership o f Colorado Coal & Iron Development Co.—
As to the Development Company the report savs in brief :
The Colorado Coal * Iron Development Co.’ s UroO-OOl first mort
gage 5 per cent bonds were guaranteed by the Colorado Fuel & Iron
Company. To protect the Colorado Fuel & Iron Companv from loss
on this guarantee, a contract was entered into under whii h the Col
orado Coal & Iron Development Co. agreed to protect us from any
loss by reason of such guarantee, and amoug other things p edged all
of its unencumbered property as security. The Color .do Coat & Iron
Development Co. incurred a large Indebtedness and did not carry
out its agreement. The Colorado Fuel & Iron Co . in order to protect
Its interests, applied for a receiver for the Development On., a id Mr.
John L. Jerome was appointed. It Is believed that wl h careful man
agement the property can be held together until times improve and a
fair value can be realized for it. Iu the meantime we shall undoubtedly have to advance a considerable amount for taxes, eto.. to proteot
our interests.
Coal Properties Leased, Etc.—The report announces as
follows the lease of the Atchison’s coal properties and the
facts regarding railroad rates to the Pacific C oast:
Atchison Topeka A Santa Fe Goal Properties.—A. lease of the coal
properties o f this railway in Colorado has been negotiated, taking
efleot August 20, 1896. These properties consist of the mines at
Starkville (steam and coking coal). Brooksidean . tookval . (domestlo
coal) and Villoan (steam coal), 129 ooke ovens at Starkville, 19,200
acres of coal land, and coal yards at Denver and Pueblo. The ooal
mints produced in the year ending June 30, 1896, 675,201 t ms coal
and 59,055 tons ooke. A contract has also been made to furnish ooal
to the Atchison lines. This arrangement it Is expected will be mutu
ally advantageous. The fixed rental for the property is compara
tively small, wiih a royalty on the tonnage of ooal actually mined.
The Atohison has heretofore been this Company’s principal competi
tor in the ooal and coke business.
Pacific Coast Rates.—Until reoently it has been the policy of the
railway companies to make lower rates on iron and steel manufac
tures from Chloago to the Paoiflc Coast than from Pueblo; but as the
result of an appeal to the Inter-State Commerce Commission, we are
now given rates which enable ns to sell our pr 'ducts at Paoitio Coast
points, which has materially enlarged onr market.
Dividends.— A s to the 12 per cent of dividends in arrears
on the preferred stock, the directors, July 28, 1896, passed a
resdulion which, in substance, is as follows:
“ The present business of the company justifies regular semi-annual
dividends, but it will be the duty of the board of directors to postpone
a dividend at auy time If deemed prudent for conservative financial
management. The dividends may be declared from time to time by
the board of directors when warranted by the profits earned by the
company, and therefore if postponed they do not be*, interest.
“ Under existiug conditions the payment of the 12 per cent arrears
in dividends on preferred stock is not advisable, aud should be post
poned until conditions throughout the couutry are on a more stable
basis, but such dividends should only be declared payable lu cash, and.
scrip should not be issued therefor.”
Outlook.— The stagnation so general throughout the coun
try has not as yet materially affected this company’s business,
except in steel rails; but even in that line we have contracts
for the next six months which ensure us profits very nearly
equal to those earned during the same period of 1895. In the
products of the Merchant Mill our business is fully up to last
year’s, both in tonnage and prices. Coal business snows no
falling off, and the sales of anthracite coal (owing to higher
prices of Eastern anthracite) are largely increased. Coke
business also shows an increase over last year. It hardly
seems wise in such unsettled times to make any forecast of
the future, but judging from present conditions the companyshould earn at least as much as last year.
Earnings, Etc.— The results for the year compared with
those of last year were as follow s:
GROSS AND NET EARNINGS.
----------Gross.---------1895-96. 1894-95.
Fuel department___ ______ 2,615,736 2,452,344
Iron department....................2,768,769 2,930,999
Denver retail department... 182,190
208,421
Securities...............................
48,507
50,902
Miscellaneous.......................
23,354
24,519
Protit and loss......................
31,604
Dr. 15
.--------- Net.--------- ,
1895-96. 1894-95.
$
$
476,270 480,273
340,397 248,533
4,144
.......
48,507 50,902
23,351 24,51831,604
Dr. 15
Total................................ 5,670,160 5,667,170
Deduct general expenses.......................
924,276 804,214
130,023 125,764
Balanoe to Income aoeount............................. .
794,253 678,450
— V. 6 1 , p . 4 7 2 .
The Colorado Fuel & Iron Co.
(Report fo r the year ending June 30, 1896.)
President J. C. Osgood in his report says in part:
Year’s Business —The company has earned all of its fixed
charges, the full dividend of 8 per cent on the preferred
stock and a surplus of $74,316. The favorable conditions
existing at the time the last annual report was written ex
isted only a few months. The actual production of steel rails
was 17,000 tons less than for the year ending June 30, 1895.
The merchant mill production was more than doubled dur
ing the year, but the expectation at the beginning of the
year was for a much greater increase; the cutting of freight
rates on iron from Eastern mills caused a reduction in prioes
during tne first half of the year. The fixed charges, includ
ing interest on floating debt, show an increase of $38,361,
accounted for by the interest on $2,000,000 general mortgage
bonds sold A u g. 1, 1895, as stated in the last annual report.
There was included in this amount the interest on bond loans
accrued to June 3 0 ,1895, but paid during the current year,
amounting to $11,153, which was properly chargeable against
last year’s earnings.
Financial Condition, Etc.— Under the terms of the gen
eral mortgage $34,520 of the sinking fund for the year end
ing June 30, 1895, was invested in the purchase of 610 acresof coal lands in Huerfano County, Colorado, adjacent to the
company’s mines.
The sale of general mortgage bonds referred to in the last
annual report enabled the company to pay off its bond loans,
dividend scrip and other floating debt and to make additions
to the property. The company has accumulated a large
stock of pig iron, etc. [the stock of iron and steel June 30,
1896, was 16 535 tons against 9,264 tons June 30,1895.— E d s.],
which, though not an immediately available asset, is a per
fectly safe ir.vestment, and one which can be realized on in
the near future. Our competitors all carry much larger
INCOME ACCOUNT
1895-86.
$
794,253
1894-95.
1893-94 *
$
562,109
Net earnings................
Deduct—
Interest on bonds........
T a xd s........................... .
Sinking fund..................
Interest and exchange,
D ividends.....................
409,929
45,640
100,039
4,330
160,000
318,840
45,564
92,040
57,132
318,840
4 l,8 7 »
73,788
582
80,177
Total........................
Surplus..........................
719,938
74,315
513,576
164,874
515,266
46,843
678,450
GENERAL LEDGER BALANCE JUNE 3 0 .
Assete—
$
9
$
Real estate........................................13,105,394 11,024,622 11,022,766
Equipment, all departments.......... 4,254,341 4,127,328
4,107,108
1,532
1,532
Bond expense.................................. .
230,895
66,d95
Cash in banks........ .........................
78,895
180,270
Customers ........................................ 220,659
274,913
496,001
583,974
Individuals and companies............
440,917
253,017
39,290
Bills receivable................................
23,253.
925,644
773,112
Stocks, supplies and materials___
669,585
8,098
19,886
Denver retail department.............
24,878
471,016
Securities—stocks and bonds.........
449,866
453,216
304
381
H. K. MoHarg, trustee...................
2,118
463
26
Central Trust Co., trustee.. ..........
26,258
Uncollected dividends and iut ...
28,708
37,030
25,330
Cash iu b’ks to nay bond int.& divs.!.
53,146
2,230
575,000
530,000
478,000
C. C. & I. Co. bond sinking fund..
,20,101,536
17,870,220 17,616,441
THE CHRONICLE
S eptember 5 , 1896.]
401
1896.
1895.
Dry Dock East Broadway & Ba tery B R ,
$
?
isr
{Report fo r the year ending June SO, 1S96.)
Capit*! stock (issued).................13,00 ,000 11,2 jo,000 11,250,000
Co!- Fuel A Iron Co. bonds........ 2,0 i i.001
Results for tha late fiscal year compare with previ >us years
1.040.000
1.040.000
Col. Fuel Co. bonds........................
998,000
CoL Coat A Iron Co. bonds........... 3,499,000
3.499.000 as follows :
3.499.000
EAB N CSQ 8, E X P E N S E S , E T C .
969,121
906,643
Loans on general mortgage bonds. ..........
159,4)4
159,616
Preferred stock dividend -crip .. .
3,104
1895-6.
1894-5.
1893-421.325
25,618
C. C. 4 L D e r . Co. release account ................
$
$
$
242,921
78,047
Income account (surplus)..............
317.2117
719,768
642,455
4 4,377
Bills payable............................
76,500
87,272
532,245
464,063
135,365
Unpaid vouchers....................
126,110
138,378
2,162
Unpaid freight...............
1,003
944
187,523
178,387
10,122
27,495
Unpaid pay ebeoks..... ....................
56,535
... 12,566
10,265
13,103
Labor account............................
142,586
297,173
212,262
28,602
The Colorado Supply Com pany...
23,496
13.356
197,788
191,490
24,000
Fund for payment of tares ..........
24,000
24.000
... 45,124
44,054
48,576
25,930
16.000
Unpaid bond iatereat & dividends.
53,146
.. . 54,751
55,000
81,703
Pref. stock <liv. due aug. 20, '9 6 ..
80,000
32,125
39,062
109,50)
109,50 > Rentals..
Bond int. (accrued but not due)... 151,365
. . 4,899
4,914
8.553
33,0)8
6,833
Miscellaneous...........................
15,451
136,093
175,894
Total liabilities..........................20,601,536 17,870,220 J17,616,441
.. . 63,815
61,695
15,596
—V. 62, p. 461.
(6)72,000 <i»s)54,000 (2is)30,000
Diamond Match Company.
M obilities—
( Statement o f July 31, 1396.J
The Examining Committee of the Chicago Stock Exchange
gives out the following.
NRT EAkMXSS FRO* 1891.
...................... 8802.216 1894 ....................... .....8 1 ,3 7 3 .0 8 4
18 91
1892
.....
1.060,979 I 1895..........................
1.457,040
1 3 9 3 ................................. 1,359,577 |
For seven months ending duly 3!, 1896, the g r« i earnings
were $2,194,184, as compared with $1,341,307 far 1385, and
net $838,343against $623,m for 1695.
The balance sheet of the company as of July 31, 1886, is as
follows :
Assets.
Liabilities,
Real estate, tools, etc. $7,352,109 Capital Mock ..............*11,0)0.000
Match-.-- ....................
696,556 Accounts payable, . . .
203,226
Lumber........................
927.481 H:. 7
... ......
Pine stumpage...... ..
394310 Surplus and profit . . .
986,963
L o g * ...... .................. 1,320,629
Merck, A raw material
185,713
Account* receivable.. 1,194,131
J. K. Roblonou, trustee
785,000
56,273
Bill* receivable........
Ua*l».............................
125,499
Total........................... *13.040,209
Total. .......................*13,040,209
Sorts.—Aacount* receivable represent *150,000customers’ »e« mats,
balance being various investments. Including Liverpool plant,
- V . 63, p. 357.
New fo r k Rise alt Company.
( Statement o f July 31, 1396. J
The Examining Committee of the Chicago S;ock Exchange
publishes, according to the Coioago Tribune, the following :
ratcwrivt or tuMMtxoa.
Gross.
.*1,9 >3.357
1892
1893 ---------
Xtt.
I
Gross.
*549,359 1994 ........ *1,94,1,714
1,793,960
411,910 |1898...........
Xei.
*545.390
2,016,38?
833.080
Not earnings for the first seven months of 1896 were $3i0.408 71, as compared with $350,093 06 far 1895.
The balance sheet of the New York Biscuit Company as of
Ju ly 8i, 1896, is as follows :
Jlt&tli.
Plant account............*10,239,175
a . J. Evans, trustee
397,050
Horses and wagons,
132,806
Merahumllso ... ...
254,160
659,144
Raw m Mortal*, Ac .
-Bills receivable........
35,695
786.76*
Accoant* receivable
Ca*h........................ .
226,506
Liabilities
Capital stock............... *9,004,600
B on d s.......................... 1,219,000
Bill* payable.............
1,100.000
Account* payable . . . .
10,902
Bond Interest.............
3,510
Burplus----------- . . . . . .
1.381,830
T o ta l.................. ..*12,715,298
Total ..................... #12.715.293
A supplementary report referring to the purchase of stock
for the company in the s s m i of H. J. Eva,-is is as follows:
H J. Brans, trustee, balance 1 aly 3 1 . ....... ....................
. . . . ..........
Added In August .................. ....................................
....................
Total to data . . .
........................ .. . . . . . . .....................
Above r e p r e s e n t s 2 . 3 0 ) shares stock n**h, equal t o ............
A n d 1 2 ,0 5 0 s h a r e s r e g u l a r a n d a e o o u n t on w h ic h h a * b e e n
#307,050
63,0 )0
* 4 6 0 ,0 3 0
407.000
paid . . . . .................
253,059
Cash on hand at this date, Aug. 12, 1996. . ................. ...........
151,000
Bills payable at this date....................................
l.OH.i.OOO
— T , 62, p. 357.
Third Avnnne Railroad (V . f . City.)
rEarnings for the year ending June 3 0 ,13m J
R ‘suits fo r the lat# fiscal y e i r c o n p tro w ith p r o v io u j y e a n
ae follow s. T he cable was started D ie . 5, 1893,
1896.
1895.
1891.
Tmrg e td. June 30l*
*
#
_______ . . . . 2.62 >,42*
2 .147. i!);
1.777,9*2
•Operating expeofo* —
.......... 1.511,155
I, n o, 3 >9
1.281,880
Kftt f'. wuingn .... --------- - ...
Other
l,ilo.47;|
H« i Infift m$■,
Bmimt on
. . . ............... -- )
T ?*w ... .... ........ ................. >
cl?ntm* - . * ...
0|ft4«n*!$
*„*
. Total
fiutanft©,,.
T o til
p ro fl
v , m , p. i9<).
«...
737,7 <3
1*201,570
751,4 85
f256,fl<),
; 7 A,577
317,120
l.2-Z7,V20
1,175,411
20,458
20,772
250,000
77,082
2,Ml#
[th 420.'*00
960*17 7
750, is2
llf*253,S93
m r. 8,203
w as $65,664 —
and! 1001 surplus Ju n e 30,,
Balance..................................................def.8,185 sur.7,695 def.14,404
GSNKRAL BALANCE SHEET JCSE 30. 1896
Assets.
Liabilities.
Road and equipment...*3,156,640 Capital stock . . . ...........$1,200,000
Supplies on liana..........
46,939 Certs, of Indebtedness. 1,100,000
Open accounts...............
8,307 Funded debt........ .........
920,000
Miscellaneous...............
2),405 lot. due and aeorued...
26,568
Cash on hand................
18,848 Openacots A m lsoelL.
19,880
Froilt A loss, dedoienoy
22,314
Total............................$3,266.44 1
-V . 62. p. 988.
GEN ER AL
Total
..................$3,266,448
IN VESTM EN T
NEWS.
Reorganizations, Etc. -Latest D ita as to Defaults, Reorganiz it ion Plans, Payment o f Overdue Coupons, Etc.—XU
acta o f this nature appearing sin ce the pu b lica tion o f the l i - t
issues o f the I nvestors * a n d S t r e e t R a i l w a y S u p p l e m e n t s
may be readily fou n d t>y m eans o f tne fo llo w in g in dex. T his
index doe* not in clu d e m atter in to-d a y’s C h r o n ic l e .
R ailroads asd Miscbl. Oil ' s.
R ailroads and Misoel. Co' s.
Volume 63—
Page.
Volume 83—
Page.
Amerlc AnWa-cr Work*........rears, 2*19 Northern Paettte...................soli. 1.99
Atlantic Short Lino......... no* j M. ul<*
do .
do ....tort on«u.lM, 358
Baltimore A Ohio__ amp. 152,1.99, 3M ')*r<l. A I. Cham......com. and plan. MS
C*jrnUn»K!»)XT. A Weston*.,.$M. 1.-M Oregon lino ...defutin. 16% rrors. 190
Cbenixmka Ohio * 8 0 RUnr...*gt*. J h Orasuu ItR. A NaviiptUon......int. 311
1-. ... ‘ 7. - J !■
i, A
;
N plan
............. - ..............
-VUUb
No
3&8
Klinj,.M
S58
Oaiaatba# H*-tok. V, St Tot__pl>in. t£i . PbilfMlelphl * 4fc UeiuliiiK
.3d a*$***. SH9
Bearer L*fcewo04 St G-Mden.fwr. 2t« Port He
*
if,3
Auxusta...........»a*.
H Term. Ym. k lla. wJlnai na*(c», 859 i Ittob.m ...... . ... Tor.
_ Ari‘U
... nol(c«. S59
Florida Midland. ...sme iMnAruuA, 357 St hmi. &8au Wr.cimp.k155; a*sm. 811
Dtilttth A Winnipeg.add. 181)-, phut jx * Hoathern Land f Im p ......... ..*m . 350
lirand Hnp. A lurl, i-wn, U,:}; coup.
,
BrancL IIU— forecL out?. 359
Ttjrrt* Hautfi k IxOjjansport....com. 311
H o u - to o B. A W . T e x a s .........pi jn . 169
liu
Turn,cl c » ,............plan. 151 T»*x, *;tt>lnt? Vftl. &.Nortliw, ,recvr. 155
Union I’nuiae ............ .. ...coup. 190
Midland..
.......... forecl. 22" 9 S.
N. A.
A . A-k C.......
Sartlfe
h ic«*ro.<,r uvr. 85?i doUociCoal..... .farect. 230
- * ■
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. .rrnrg. 8 !0 I
* Clia.fLwt.orj
S ritK K T R u l w a v b .
X
WwttotaA
.
__.........
......
4X lcan
S o a t bum
...plan. 22-i
Volume 03—
Page.
M o rrlit'a A€unitH?rl’d iia i. not m d. aii Itrlvn atu u * T r n n m t.................. rco -,j. 3 io
N- Y. Peats. A ObtQ,.bnL&f mstM’i. SM
1 ....
op. ::iu
Norfolk Sc W.m tm n.... .coui> pur. 189
do
4q
do
Mtg. 311
Adrian City Electric Belt Ry.—Ordered Sold.—This road
has been ordered to be sold in foreclosure, the amount dua
on the mortgage being $46,404.
Brooklyn N'ewlown J nnaka & Flashing RR.—Organ
ization.— This company has been orgaoiz -d to build elec
tric railways from Brooklyn to Jamaica, Coliagfl Point, Fiudiing. Wbitefitone, etc., within a radius of twanty-fiva miles of
Brooklyn. It is stated that rights of way hive been securei,
N. R. Appleton of New York is P.twideac. a id tv.th him ia
as«ociated Benjamin F. Frick, form irly seer-tary of the At
lantic Avenue RR,
Car Trust Investment Company, Limited—Annual Meet»«»•—Tbe accounts for the year ended July 15, it is reported,
w w a net profit, after providing for the expenses o f management in London and New York, of £37,360, xvhich, with a
balance brought forward, gives a total of £33,116, After pay
ing 5 per cent on the preferred and 8 per cent on the common
stock and transferring £5,000 to the reserve there remained
£1,792 to be carried forward.
Central o f (Isnrglu Hy.—Interest Declared on First In
comes.— The company has declared a dividend of IU per
cent on the $4,000,000 first preference inooms bonds, payable
Oct. 1. The accou its.it is stated, show .$61,831 of surplus
earnings available for this purpise. Th? mortgage provides
th it the first p«ytnent shall be ma*ie from the earnings of the
period from Nov, 1, 1890, to June 3), 1898. E traings for the
late fiscal year are given on a preceding pige.—V. 63, p. 39.
ChuttaiKijga Electric K f.—D fa u lt on First Mortgage, R eciv tr Appointed—X5 C hatuioogt, Tsnn , A *gu« 31,
J* B,
w-4* appdn^ed receiver of this company on
petition of the fToion iVnsfc Corap tnv. of Poiladelp in, truatem, who cite the ba 1 cooditioo o f the system and ciia^ge a
default in ?he interest of first mortgage ooida a moo nting to
f*US0*Q00* Toe road was sold in forced.’isti.ro lait February
W 4m a oottiolideted mortgage for $650,000, The prese it
nit is hr night under the firjt inirtga^e then tin lint orbed. —
V, 63, p, m .
Ch-.it hiueo.ge Honth ?r*t Ey. —Inm ? of Nam B m i < Deferrn l
—The B-organic vtioii Oo nraifctee (71 Broadway, Boom Hi),
has mnt out a circular saying :
Hie cmiiiiihtee.regret to »tata that, o v\ng to the ©xtraordinary Hi n
ms* artprcsAjaa ftoct
-ntf iHiug off in rfiveamw, th ^ft ir?o :
ii*e read at ptm&m mnriomB deot to meet Aftjrtttfeerdat ehfirg-as, ir j.i %r
402
THE CHRONLCLE.
[[V o l . L X I I L
Long Island RR.— New President.— At a meeting of the
Executive Committee of the directors of the Long Island
Railroad Company held Wednesday, September 2d, it was
unanimously voted to recommend to the directors of the r ad
the name of Mr. W . II. Baldwin, Jr., to succeed the late
Austin Corbin as President of the road. Favorable action
will be taken on this recommendation by the board at their
next regular meeting which will be held on Tuesday, the 8th
inst. Mr. Baldwin is at present Vice-President and General
Manager of the Southern Railway Co. with headquarters at
Washington, and previously was with the Flint & Pere Martpiette as Gent ral Manager and earlier still with the Union
Pacific. W hile a young man, having graduated from H ar
vard as recently as 1884, Mr. Baldwin has a thorough practical
knowledge of the railroad business.—V . 63, p. 229.
Los Angeles Ry., Los Angeles, Cal.— Sale to South African
Syndicate— At a meetiDg of the bondholders of the pooled
bonds on Aug. 19 it was decided to accept the offer of Henry
Butters, of San Francisoo, representing a company of South
African capitalists composed of Cecil Rhodes, Barney Barnato and others, to purchase 2,923 of the 3,000 bonds of the
Los Angeles Ry. Co. and 51 per cent of its capital stock; also
95 percent of the capital stock of the Main Street & Agricul
tural Park RR (leased by the Los Angeles Ry. Co.) and ali of
the property and franchises of the Fifth Street RR. (leased to
the Main Street & Agricultural Park RR.) The sale, it is
stated, will give for each of the pooled bonds §1,028 14, plus
some interest to accrue, less expenses, which will be trifling
in amount. Payment of S100.000 in the nature of a forfeit
is to be made on Nov. 1, 1896, a payment of §823,000 on
account of purchase on Feb. 1, 1897, a dividend following this
payment, and the balance of §2,000,000 on Aug. 1, 1897. with
interest at the rate of 5 per cent from Feb. 1, 1897.— V . 62,
p. 320.
Louisville New Albany & Chicago Ry.—Bondholders' Com
mittee—A t the request of the holders of more than $2,500,000 of bonds of various issues, F. P. Olcott, chairman, Henry
W . Poor and Henry C. Rouse have consented to act as a
bondholder.-.’ cotnmi tee to prepare a plan of reorganization
when needed, and meanwhile to communicate with all classes
of bondholders. All holders of bonds are requested to send
their names and addresses to the Secretary of the committee,
J. N. Wallace, at No. 54 Wall Street, stating the amourt and
character of their holdings,—V . 63, p. 357.
Murray Hill Hank, New York City.— Receivers Appointed.
— Justice Pr>or of the Supreme Court on Wednesday ap
pointed Spencer Trask and Miles M. O’ Brien temporary
receivers in proceedings brought by a majority of the directors
for a voluntary dissolution. The assets are to be deposited
with the Knickerbocker Trust Company.—-V. 63. p. 269.
New Sork <S (jtieeus County Ky.— Earnings.— Tbe earn
ings of this company, which was formed recently by consoli
dation of tbe Steinwav and other street railway companies,
are reported in the daily press as follows :
Nit
Bal.,
4 months
Gross.
Net.
Light Co. Interest, <£c. surp.
to July 31, '96..$163,198 $70,379
$12,458
$79,500
$3,337
The gross earnings above show an increase of 24 per cent
over the same period of the previous year. The “ interest,
etc.,” includes interest on §500,000 bonds in the treasury and
§4,500 taxes. It is thought that the completion of the new
electric plant, power house, car sheds, e'c., about Oct. 1 will
result in a decrease in the company’s operating expenses and
an increase in the earnings of the electric-light plant.— V . 63,
p. 229.
New York & Sea Beach RR.— Sea Beach Ry,— Reorganized
Com pany—The Sea Beach Ry. Co. was incorporated Aug. 29
at Albany with capi al stock of §650,000 as a reorganization
of the New York & Sea Beach Ry. Co. recently sold in fore
closure. Tne directors are Edward C. Hinsdale, John J. Carolan, James K . Carbiere, Edward P. Shields, Duane P. Cobb,
Robert Martin, Terry Parker, Edward A. Pettit, of New York
City, and Daniel W . Ryan, of Long Island City.— V. 62, p.
1088.
New York Susquehanna & Western RR.—Annual Meeting
— A t the annual meeting on Sept. 3 the old board of directors
was re-elected as follows: Amos L. Hopkins, Roswell Eldridge. Simon Borg, Henry Sanford, Herman O. Armour,
Henry B. Plant, Thomas A. McIntyre, Cornelius C. Cuyler,
Garret A . Hobart, George W , Young, Cyrus J. Lawrence, W .
Lamnan Bull, Gustave E. Kissel. The annual report is given
on a preceding page.— V . 62, p. 85.
North Jersey Street Ry.— (Bloom field).— Road Opened.—
On Sept. 1, this trolley road extending from the Montclair
line to Caldwell and Verona was put in operation. A t Mont
clair, it is stated, the cars connect with stages, which transfer
the passenger through the town to the terminus in Glen Ridge.
Ogdensburg & Lake Champlain RIt. — Reorganization.—
Lake Shore As Michigan Southern Ry. — Quarterly. — The Parsons Committee mentioned last week reports that it
Earnings for the quarter and the six months epding June' 30 now has substantially a majority of the bonds and that de
have been reported as follows. Estimated figures were given posits are being made freely. The Hart Committee (V, 63, p.
in V. 62, p. 1139:
76) is still in the field asking support,—V . 63, p. 358.
3 months
Gross
Net
Other
Interest,
Philadelphia & Reading UR.— Meeting o f Depositing
Balance,
end. June 30— earnings. earnings. income. taxes, etc.
Surplus. Bondholders.— A meeting of the general mortgage bondhold
$
$
$
$
1896................. 5,079,019 1.662,295 121,627 1.126,627
657,295 ers who have deposited their securities under the agreement
1895................. 4,965,582 1 ,8 6 4 ,8 4 2 112,815 1,117,815
859,842 of May 7, 1894, is announced to be held in New York on the
6 months—
1896............... 10,125,889 3,526,651 220,340 2,230,340 1,516,651 17th inst. The purpose of the meeting is not made know n.—
1895 .............. 9,663,993 3,576,715 205,015 2,230,015
_________
1,551,715 V. 63, p. 359._______________________
- V. 62, p. 1139.
For other Investment Item s see page 3 6 3 ,
these circumstances, and in view of the political uncertainties, vitally
affecting all railroad interests, the oommittee deem it wise and neces
sary to defer
Issue and delivery of Jhe new bonds, and pending
further consideration of this subject and the issuing of a more formal
notice of plan of procedure, the committee has decided to postpone,
until further notice, the payment of the 5th instalment of bondholders
subscriptions, called for August 15,1896, under the modified reorgan'
lzation plan. V. 62, p. 1039.
Chester & Lenoir Narrow Cange It It.— Foreclosure Sale
Nov. 2, JS96.— This road is advertised to be sold in foreclosure
Nov. 2 at Chester, S. C., under the mortgages of 1877 and
1880. Upset price §70,000. V . 63, p. 227.
Chicago Wisconsin & Minnesota R R .— Wisconsin Cen
tral.— Coupon Payments.— Chicago Wisconsin & Minnesota
first mortgage coupon No. 21 and income coupon No. 21
were paid Sept. 1 at the Merchants’ National Bank, Boston.
— V . 63, p. 117.
Ctduuibus (Ohio) Central Street R y.— Receiver Appointed.—
George B. Worthington, of Cleveland, who is largely inter
ested in the company, was yesterday made its receiver. Tire
company’s bonded indebtedness is §1,500,000, and its floating
debt is said to be about §325,000, of which §250,000 is due this
month. The road is said to be but little more than earning
its operating expenses. Vol, 62, p, 413.
Delaware & Lancaster R R .— To Be Equipped with Trolley.
—This abandoned steam road, it is reported, will be equipped
-with trolley and extended so as to form part of an electric
line between Philadelphia and Lancaster, Pa.
Detroit Ry.— Detroit Electric Ry.—New Name. —H m ry A .
Everett is quoted as saying: “ The Detroit Railway is now
the Detroit Electric Railway, the latter owning all the Detroit
Railway lines and the suburban lines attached thereto. The
reason the new company was formed was that the lawyers
advised us that such was the best way to consolidate. I pre
sume the new company will absorb the Citizens’ Street Rail
way Company. Ic may not be until February before the
change of management in the street railway lines will take
place.” —V . 63, p. 116.
Dubuque He Sioux City RR.— Illinois Central RR.—
Transfer o f Cedar Falls & Minnesota. — Papers have been
filed transferring the Cedar Falls & Minnesota RR. to the
Dubuque & Sioux City, as authorized by the stockhold rs
June 25. A mortgage for §1,875,000 was also recorded on the
Cedar Falls road. This mortgage will be deposited as part
security for tbe Western“ Lines bonds of the Illinois Central,
which may now be increased by a like amount.— See V . 63,
p. 29, 227.
Elmira Cortland & Northern Ry.— Lehigh Talley RR.—
Listed in London.— On the London Stock Exchange have
been listed §1,230,000 5s Elmira CoitlaDd & Northern os guar
anteed by Lehigh Valley RR.— V . ,62, p. 1177; V. 63, p. 357.
Great Northern Ry.—Japanese Mail SS —Arrivalof First
Steamer.— The Miike Maru, the first ship of the Japanese Mail
Steamship Company, now operated in conjunction with the
Great Northern Ry., arrived at Seattle, W ash., Aug. 31. As
to this new connection, see Vol. 63, p. 153, 189,
Huntingdon & Broad Top R R .— Car trusts called.— Car
trust certificates of the fifth series are called for payment
Dec. 1, of seventh series on Oct. 1 and of third series Nov. 1.
Holders have the option of exchanging these certificates for
tbe new series issued for the purpose of retiring the outstand
ing certificates of all series, said issue to bear the same rate of
interest as those now existing, free of all taxes and irredeem
able before maturity.— V . 63, p. 316.
Kings County Elevated RR. — Receiver Appointed .— On
Aug. 31 Justice Goodrich of the Supreme Court appointed
President James Jourdau Receiver of the company. The re
ceivership was rendered necessary by the inability to pay
bills for supplies and the interest due Sept. 1 on Fulton Ele
vated bonds. Tbe company’s earnings have suffered greatly
through the competition of the trolley roads, and its credit
has been injured by tbe attempt of the County assessors to
raise the assessment to §150,000 per mile, as against the
§85,000 per mile, the amount allowed by the company to be
reasonable. The assessment is still being contested.
The company’s floating indebtedness is stated as follows ■
Bills payable secured, §211,700; on time, §7,500 ; open supply
accounts, §50,000 ; wages, §7.500 ; interest due on Sept. 1 on
Fulton Elevated bonds, ^63,575. The available cash resources
are 85,000. Of its first mortgage bonds for §3,431,000 the
company owns $96,000, while of its second mortgage bonds'
for §3,377,000, §3,112,000 are deposited with trustees iu accord
ance wit It the readjustment plan of June, 1894 (see Street
RAi I^ L § lP PLKMBNT)- 3198,000 are owned by the company
and §6t,C00 by other persons. The company also owns §232 000 of the §2,543,000 Fulton Elevated bonds. The balance
I , oS'oSf, M^rch 31’ 1896’ 8howed accrued taxes amounting to
$138,369. How much of these remain unpaid does not ap pear.— V . 63, p. 268.
S eptem ber 5 1S96.J
THE CHRONICLE.
4Q3
equipment. Therefore 750 standard-gauge box cars, of 30
tons capacity, built according to our specifications, were
purchased, and 33 more were constructed in the Company's
shops. It is believed that this increase in the number of
freight cars will be sufficient to meet the demands of
T H E DENVER & RIO G RA N D E R A IL R O A D ! traffic for two or three years to come. The cost of the
783 cars was $387,867 22, of which $225,000 00 were provided
CO MPA NY.
from the Special Renewal Fund; $19,299 72 from Equip
—
ment Renewal Fund, and the balance, $143,567 50, from
TENTH A NNUAL REPORT—FOE THE FISCAL YEAR |Income.
It will be observed, by referring to the statements of ac
ENDED JUNE 30. 1896.
counts hereinafter submitted, that although the equipment
of the Company was largely increased by the addition of
To the Stockholders o f the Denver A Rio Grande Railroad i the standard-gauge box freight cars above mentioned, the
Company.
total value of equipment upon the books of the Company
The income of your Company from all sources during the |is maintained at nearly the same figures as for the preced
fiscal year ended June 30.1396. including $57,834 90 received j ing year : in other words, your Company has added to its
for interest, was 37,603,521 49. an increase of $677,080 93 plant the numbqr of cars stated without adding their cost
eomjiared with the previous year The gross earnings from to the book value of its equipment. Some minor additions
the operation of the railroad were $7,551,186 59, being an to Equipment Account were made because of the acquisi
increase of $634,346 03. The operating expenses were $4,- i tion of three engines and a few cars belonging to the Santa
348,780 42, an increase of $357,508 51. The net earnings from ' Fe Southern Railroad Company.
traffic were $3,203,406 17. being $278,777 32 more than for the ; Exclusive of the narrow-gauge equipment and of standardprevious fiscal year. The increase in earnings was 9’17 per |gauge caboose or conductors^ cars, construction and tool
cent: in expenses 3-96 per cent, and in net earnings 9-46 ; cars, snow plows, etc., the1'ompany now owns 3,222 standardper cent. The net income afforded a surplus of $218,391 78 j gauge cars for freight traffic, eacli with a carrying capacity
after providing for interest on funded debt, taxes, insur- |of 00.000 pounds, which is considerably in excess of the
ance and all other charges against Income: also two semi- j average carrying capacity of freight cars belonging to other
annual dividends of 1 tier cent each upon preferred stock, I Western systems of railway. Computation shows that the
and a portion of the additional standard guage equipment I average capacity per car of over 100,000 freight cars be
purchased during the year. For detailed information you j longing * to six" large Western systems is about 40,000
are referred to the tables and statistics prepared by the j pounds. The 8,222 standard-gauge" cars belonging to your
Comptroller and the Auditor, and submitted herewith for; Company have an aggregate carrying capacity equal to
4.800 of the average freight cars belonging to the systems
your information.
Current liabilities show an increase of $229,994 58, front { referred to.
Luring the rear 9,255 tons of steel rails were received and
$1,432,729 40 in 1895 to $1,062,723 98 in 1896. The reason
therefore is the dividend of 1 per cent on preferred stock Islid for, of which 5,266 tons are of our most recent pattern,
($286,500 00), declared in June and payable July 15,1896. On I the weight of which is 85 jiounds to the yard. Six thou
June 30. 1896, the current assets exceeded the current lia sand, seven hundred and fifteen (6,715) tons of new rails
bilities $1.913,166 99, being a decrease of $79.503 68 from were charged to Operating Expenses before the close of
June 80, 1895. when the excess of current assets over cur the year, and the remainder, 2,540 tons, are now being
rent liabilities was $1,992,670 67. The unpaid vouchers at laid.
1he management deemed it prudent to increase the
the close of the fiscal year, payable in the usual course of
business during the succeeding month, amounted to $167,- weight of rails from 75 pounds to 85 pounds per yard on
243 38, all for the month of June. There are no loans, over those portions of the standard-gauge main line where the
drafts or other forms of floating indebtedness.
traffic of the System is concentrated and the speed of pas
Your Company lias in its treasury iMinds and stocks aggre- senger trains tlie greatest. The heaviest rails used last year
gating at par $3,639,870 00, appearing on the books at $1,- were laid north of Pueblo, and it is the intuption to re-lay in
.29,986 14. and in addition it has in its Special Renewal the near future with 85-pound steel the balance of the 92
Fund cash and securities at par $570,058 48, carried on the miles of single main track between Denver and Pueblo,
books at $487,517 15, total of all being at par $6,216,528 48. I provided the earnings will permit the expenditure. The re
During the year $215,000 00 General Mortgage Four Per laying of the 28 miles of double track between these points
Cent Bonds, issued tn 1893 on account of the construction will be deferred until a later time. The second-hand rails
of the Ruby-Anthracite Branch, and since then carried as a released by the laying of new ones are used upon other
treasury asset, were transferred to the Special Renewal jmrts of the System in place of rails of lighter weight now in
F u n d and subsequently disposed of and the proceeds thereof use.
The entire cost of the rail renewals hereinabove re
applied in part payment for the new freight cars hereinafter <ferred to. including the excess weight of new over old rails,
referred to.
is charged to Operating Expenses.
Upon the standard1 here has been a gratifying and steady growth in your gauge main line bet ween Denver and Grand Junction, 455
revenues from freight and [tfisaenger traffic since the great miles, and the Trinidad Branch, 91 miles, there are no rails
financial and industrial disturbance of 1898. For the fiscal carrying standard-gauge equipment of less weight than 65
year covered by this report the revenues from freight traffic pounds per yard. It may be of interest to state that where
were $5,179,049 73, against $4,819.904 92 for the'preceding 95-pound steel is used In three-rail track, which extends
year and $4,529,162 55 for the year ended June 30. 1894. This from Denver to LeadviUe, a distance of 278 miles, the mid
gain of $649,887 18 in two years indicates a constant im dle rail for the narrow-gauge equipment is 65 pounds to the
provement in anil development of the districts traversed by yard, making the total weight of steel j>er lineal yard of
your System, and evidences unmistakably the recuperative track 235 pounds. Probably no other railroad has so great
j>ower of the State of Colorado. Your System sustained the a weight of inetal per yard of single track. Appended to
greatest percentage of decrease in gross earnings of any this report is a diagram illustrating the growth or rails upon
important system in the United States during the fiscal year your System since construction was first commenced in 1871.
1893-94. and its revenues are still below normal figures. But Your attention is respectfully directed to it as it is well
when it is borne in mind tliat Colorado has an area about worthy of your careful consideration, showing, as it does,
equal to the States of Illinois and Iowa together, and that the steady improvement that has been and is being made in
your railway traverses half of this large territory, the popu the physical condition of the property.
lation of which is a little less than 10 per cent of the two
Nearly $200,900 00 of the increase of $357,568 51 in Opera
other States named, it will be seen that in energy and re ting Expenses, compared with the previous year, was for
cuperative jlower Colorado is not behind her sister States, Maintenance of Way and Maintenance of Structures, and
and that her future is full of promise. The passenger rev owing to increased traffic and consequent greater number of
enues for the year just closed were $1,478,911 04, against trains $113,381 34 thereof was for Conducting Transporta
$1 ,183,270 19 for the preceding year. This increase of $295,- tion. It was deemed wise to improve the Permanent Way
64J 85 indicates also a more healthful condition of affairs and Structures so far as the resources of the Company would
and greater ability on the part of the general public to properly permit.
afford the expense of railway transportation.
Your property generally is in good condition and will bear
In conformity with the practice of the Company, a com favorable comparison with that of other companies. The
mittee was appointed at the annual meeting of the Share average condition of the rolling stock is satisfactory. There
holders in October, 1895, to select an experienced and dis is no need for apprehension or extraordinary expenditures
interested person to examine the accounts of the Company during the ensuing year unless storms and floods cause un
and verify them if found satisfactory. The committee expected damage. For such contingencies the Special Re
selected Mr. Warren G. Purdy, Vice-President. Secretary newal Fund is available in the event of serious injury to the
and Treasurer of the Chicago Rock Island & Pacific Railway property.
Company, who. after a careful examination in Denver of
In their last Annual Rejiort your Directors referred to the
the books and accounts, verified them. His certificate is pending negotiations for the pureliaae of the Santa Fe
hereinafter submitted for your information.
Southern Railroad, which extends from Esnanola to Santa
As there are a number or articles on hand purcliased prior Fe. tlie capital of the Territory of New Mexico. These
to October 1,1*91, but of no practical value to the Company were brought to a satisfactory conclusion, foreclosure pro
except as wrap, your Directors decided to eliminate their ceedings were instituted in the interest of your Company
exM-ss in value from the account of materials and supplies and a reorganization of the property was effected under
by charging it to General Profit and Loss Account. The the name of the Rio Grande & Santa Fe Railroad Company.
amount so disposed of aggregated $33,188 11.
The share capital is $375,000 00 and consists of 3,750 shares of
After due deliberation it was deemed desirable to make a $100 00 each, all of which are owned by your Company. But
substantial addition to the standard-gauge freight car little cash was used in the transaction as the owners ac-
Reports and documents.
404
THE CHRONICLE.
copied in nearly full pavilion! 273 Rio Grande Southern
First Mortgage Bonds, which were withdrawn from your
Treasury Assets, where they stood at §177.4,70 00, and in
lieu thereof the $375,000 00 Stock of the Rio Grande &
Santa Fe Railroad Company was substituted.
About
$32,000 00 were subsequently expended in improving the
line. The property thus acquired and improved stands free
from debt, no bonds having been issued upon it.
The earnings of your Company upon traffic to and from
the Rio Grande Southern Railroad during the fiscal year
were $369,864 03 against $334,375 51 for the year ended June
30, 1895. The gross earnings of the Rio Grande Southern for
the last fiscal year were $489,234 01 and for the preceding
year $402,798 11, being an increase of $86,435 90, or 21-46 per
cent. In their last annual report your Directors adverted to
the ownership by your company of a large number of Rio
Grande Southern First Mortgage Bonds, and to the close
traffic relations with that Company.
A n arrangement
which had been negotiated under authority of Court by the
Receiver of the Rio Grande Southern Railroad, with all
parties in interest, for the purpose of effecting a settlement
of the floating indebtedness, was fully explained. Under
the arrangement your Company became the owner of a
m ajority of the stock. Every Bondholder, Stockholder and
creditor assented to the plan, pursuant to which the Receiver
was, by order of the Court, discharged last December and
the control of the property reverted to the Stockholders of
the Rio Grande Southern Company.
A fter the first of
January, 1898, the First Mortgage Bonds of the Company,
which have drawn 3 per cent interest since January 1,
1895, will bear 4 per cent per annum. By careful man
agement the property has been made to earn its fixed
charges and, -in addition, provide a moderate fund for con
tingencies.
For information in regard to the operations of the Rio
Grande Southern Railroad during the last fiscal year, you
are respectfully referred to the annual report of that com
pany.
The efficient services and fidelity of the officers and em
ployees generally are acknowledged with pleasure.
B y order of the Board of Directors.
E. T. JEFFER Y, President.
D enver. Colorado, August 17, 1896.
[ V o l , L X IIL
g e n e r a l p r o f it a n d lo ss a c c o u n t .
(Adjustments therein June 30,1895, to June 30,1896).
Dr.
Cr.
By Balanco Surplus June 30,1895..........
$2,130,193 67'
By Surplus foryear ended June 30,1896',
as per Income Account (page 406)___
218,391 78To Securities in the Treasury, trans
ferred from General Fund to Credit of
Renewal Fund, being 215 D. & R. G.
RR. Co.’s First Consolidated Mortgage
4 percent Bonds (face value)............... $215,000 00
To Expenditures account Trinidad Ter
minals for account priorto June, 1891
21,825 23
To excess values and useless material
charged off...............................................
33,188 11
To adjustments during the
year to the debit of Profit
and Loss direct................... $22,792 19
Less adjustments for same
period to Credit of Profit
and Loss direct...................
637 79 — 22,154 40
To Balance.................................................. 2,056,417 71
_
$2,348,585 45 $2,348,585 45
By Balance at credit of Profit and Loss June 30.1896,
as per Comparative Balance Sheet................................ $2,056,417 71
RENEWAL FUND.
(Adjustments therein June 30,1895, to June 30, 1896.)
D r.
Cr.
By Balanoe June 30, 1895......................
$451,575 38
By 215 D. & R. G. First Consolidated
Mortgage Bonds, transferred from the
General Fund to this fund during the
year at face valuo..................................
215,000 00
By accretions to the fund during the
year...........................................................
22,160 52
To amount used in part payment for
783 New Standard Gauge Box Cars... $225,000 00
To discount on $215,000 D. & R. G.
First Consolidated Mortgage Bonds
sold............................................................
26,218 75
To Balance................................................ .
437,517 15
$688,735 90
$688,735 90
By Balance at credit of Renewal Fund
June 30, 1896, as per Comparative
Balance Sheet..........................................
$437,517 15
CONDENSED COMPARATIVE BALANCE SHEET JUNE 30.
CERTIFICATE OF TH E E X A M IN IN G A U D IT O R
LECTED B Y TH E STOCKHOLDERS UND ER
ARTICLE 13 OF TH E B Y -L A W S OF
TH E CO M PAN Y.
SE
Chicago, 111., August 15, 1896.
To the Stockholders o f The Denver & Rio Grande Railroad
Company:
I have the honor to report that in compliance with the
request of the committee appointed at your annual meet
ing held in Denver in October, 1895, I have thoroughly ex
amined the Annual Report of your Directors to the Stock
holders, the books and accounts of your Company for the
fiscal year ending June 30, 1896.
I find the trial balance to be a true and complete state
ment of the affairs of the Company at the close of the
fiscal year. The Annual Report, including Income A c
count, Statements of Earnings, Expenses, Operation and
other statistical information agrees with the Trial Balance,
and the facts set forth therein are absolutely correct.
The accounts of the Company are kept in a complete and
businesslike manner, and I take pleasure in stating that
your officers have given me free access to all books and
papers and rendered me every assistance in the exam ina
tion I have made. Very respectfully,
W . G. P U R D Y ,
On Behalf o f the Stockholders.
REPORT OF TH E COMPTROLLER.
T he D enver & Rio Grande RR. Co.,
„
New Y ork , August 10, 1896
Mr . E. T. J effery , President:
D ear Sir—-I beg to present herewith m y report of t
Company^ financial condition June 30, 1896, consisting
the adjustments made in the General Profit and Loss a
Accounts during the fiscal year then endc
together with Comparative Balance Sheet, Summary of
financial operations outside of its Income Account ba«
on such comparison, and Tabular Statement of Securit
named1 ^
th<? Company at that date> arranged in the ord
, pf a f ® ^ dheret0 is the report of the Auditor, exhibiting
?®t a d t .he Earnings and Expenses, and other statistical
formation from the records of the Company for the sai
period.
Very respectfully,
STEPHEN LITTLE, Comptroller.
ASSETS.
Cost o f Road and ApJune 30,1895. <7u»e30,1896.
Inc. or Dec.
purtenances.
$
$
$
Cost of Road (Proper).. 83,984,952 86 83,984,952 86
Equipment..................... 4,125,071 12
4,135,141 12 Inc.
10,07000Betterments .................. 9,174,697 07
9,174,69707
Real Estate...................
7,800 00
25,062 26 In o . 17,262 26
Express Property........
50,000 00
50,00000
Total costofR oadand
Appurtenances....... 97,342,52105 97,369,853 31 In c. 27,332 26:
Construction o f Br’ches.
7,994,565 84
Current Assets—
$
Materials and Supplies.
304,378 57
State and Co. Warrants
8,439 87
Bills Receivable............
33,000 ( 0
Cash................................
506,462 17
Individuals and C os....
215,539 89
Agents and Conductors
181,512 37
U. S. Goveinment........
41.550 71
Pueblo Un. Dep. S .F d ..
4,000 00
E. G. So. RR. Co. 1st M.
Bonds in Treasury... 1,032,850 00
R. G. Gun. Ry. Co.lstM.
6 p. c. Bond (at cost).
87,000 00
Other Securities...........
168,861 00
D. & R. G. RR. Co. 1st
Con. M. 4 p. c. Bonds
in Treasury (at face).
215,000 00
Bonds and Stocks of
the R. G. So. RR. Co.
acquired under agree
ment of February 27,
1895.............................
169,839 10
Sundries.........................
4,140 73
Traffic Balances...........
1,250 28
Rio Grande & Santa Fe
RR. Co. Capital Stock
in Treasury................
............
Pueblo Union Depot &
RR. Co. Capital Stock
in Treasury...........
............
Special Renewal Fd.—
7,996,914 56 Inc.
2,348 72
$
$
394,397 42 Ih o . 90,018 852,503 65 Dec. 5,936 22
25,000 00 Dec. 8,000 00
525,336 44 Inc. 18,874 27
163,955 72 Deo. 51,584 17
210,713 68 lu e. 29,201 31
42,616 94 In c. 1,066 23
4,800 00 In c.
800 00
879,100 00 Dec.153,750 OO
87,00000
168,86100
Dec. 215,000 00'
369,405 14 Inc. 199,566 04
5,107 41 Inc.
966 68
33,956 42 Inc. 32,706 14
217,500 00 Ine. 217,500 0 0
8,120 00 Ino.
8,120 0 0
R ep resen ting th e In v e st
m ent o f R enew al Fund
per con tra (page 405)
and con sistin g o f :
D. & R. G. Impt. Mort.
Bonds (at cost)..........
D. & R. G. 1st Consol.
Mort. Bonds (at cost)
R.G.So. 1st Mort. Bonds.
R.G.So.RR. Co.’s Notes.
Cash (to be invested)..
214,571 17
214,571 17
15,662 50
172,900 00
48',4417i
41,887 50 Inc. 26,225 GO172,900 00
............
2,721 65 Ino. 2,721 65
5,436 83 Dec. 43,004 88-
Total Current Assets.
3,425,400 07
3,575,890 97 Inc. 150,490 90
Deferred Assets—
Trinidad Terminals___
Land at Trinidad..........
21,825 23
16,186 26
..................Deo. 21,825 23
.................. Dec. 16,186 26-
Total Def. Assets...
38,011 49
..................Deo. 38,011 49
Total Assets........... 108,800,498 45 108,942,658 84 Inc. 142,160 3 0
THE CHRONICLE.
S eptbsibee 5 , 1S96.]
LIABILITIES.
June 30.1395. June 3 0 ,1896. Inc. or Dec.
Capital Slack.
$
$
C om m on........................ 38,000,000 00 38,000,000 00
Preferred....................... 23,630,000 0 0 23,850,000 00
(As per Comparative Balance Sheetd
By Balance at Credit of Renewal Fund June
30, 1895..................
$451,575 38
By Balance at Credit o f Renewal Fund June
30, 1898.................................................................. 437,517 15
Total Funded Debt... 43,136,000 00 43,136,000 00
145,317 36
315,339 53
20,818 93
F ^ ‘ Mortgage Bonds,
Interest accrued, but
not due........................
First Cons Merit Bonds,
Coupons due and tm-
$42,873 98
DECREASE IN RENEWAL FEND.
Ftaided Debt.
F te t ETartguge Bonds. 6,392,500 00 0,332,300 00
First C o n s o l i d a t e d
M o rta g e Bonds....... 23,650,000 00 28,650,000 00
Improvement M o r i gage Bonds................ 8,103,500 00
8,103,500 00
Touchers......... .............
Pay-rolls........................
Express Money Orders.
First Mortgage Bonds,
Coupons due and an-
DECREASE OF LIABILITIES.
Pay-rolls
.................................. ............................................ $12,897 15
First Mort, Bonds. Coupons due and unpaid.......................
122 50
Improvent Mort. Bonds, Coupons due and unpaid...........
3.575 00
Equipment Renewal Fund.......................... ..........................
26,381 31
Total Decrease of Liabilities...........................................
Total Capital Stpcb. 61,650,000 00 61,650,000 00
Current L ia b ilities.
405
Decrease for the year......................................................... $14,058 23
167,243 38 Inc. 21,925 52
302,942 40 Dec. 12,897 15
21,089 99 Inc.
24104
10,500 00
10.377 50 Dec.
74,462 50
74,462 50
122 50
DECREASE OF PROFIT AND LOSS.
(As per Comparative Balance Sheet.)
By Balance at Credit o f Profit and Loss J uue
30. ...................................................................$2,130,103 67
By Balance at Credit of Profit and Loss
June 30, 1896........
2,056,417 71
Decrease for the year........................... ..........................
$73,775 96
Orand Total accounted for............................. ................ $783,157 30
Irnpt. Mori, Bonds,Cou
pons duo and unpaid
Impr. Mott. Bonds. In
terest accrued but not
d.CIO . . . ___ . . . __
Sundries........................
Equip. Renewal Fund..
Accrued Taxes ...........
Aeer'd Rent. of Ceased
Linos...........................
Dividends on Preferred
Capital Stock...... ......
576.060 00
20,487 50
33,704 53
83,869 20
30,792 15
162,297 11
4,990 00
3,375 00
33,764 58
42,211 41 Inc.
8,342 21
4 .3 1 0 '1 Dec. 26,28131
162,533 89 lue.
25177
8 3 0 0 00 I n c .
300 00
236320 00 Inc. 236,320 00
31,250 00
tea* Common Capital
Stock held In Treas
ury t*> meet rmus—
16,912 50 Dec.
8.500 00
Total Current Liabili
ties .........................
1,432.729 40
Appar'nl LinbitiHe*—
D. * R. G. Railway Co.
Stockholders ..........
D. A R . G. lir.Co. G ca l
Mart, Bondholders...
581,050 00 Inc.
1,062,723 98 Inc. 229,994 53
31,250 00
1,000 00
1,000 00
32.250 00
32.250 00
32.250 00
32.250 00
Nil
SECURITIES OWNED BY THE COMPANY
JUNE 30, 1896.
.Vo.
In Central Fund.
Face Value.
Book Value.
1340 Rio Grande South'll Railroad Co..
First Mort. Bond*of $1.000ea. $1,340,000 00
$379,100 00
1 Bio Grande Gun nixon RailWyCo.
6% Bond ...... ......... .
...........
100,000 00
87,000 00
3750 Shares Rio Grande A Santa Fe
Railroad Co. Capital Stock, face
375,000 00
value $100 per share...........
217,500 00
335 Rio G ramie South'll Railroad Co.
First Mort. Bonds of $1,000ea.
355.000 00
and
22556 Shares Capital Stork of the Rio
309,405 14
Grande Sum bora Railroad Co.,
face value $ 1 0 0 per share, ac
i
qulred under agreement of Feb
ruary 27, iso,'............... . . . . . 2,235,600 00 1
81% Share* Capital Stock of the Pueb
lo t* don Depot A Railroad Co.,
face value $100 per share ____
6,120 00
8,120 00
Other Securities............. ............. 1,200.150 00
168,301 00
$5,639,870 00 $1,729,986 14
Nil
Total Liabilities---- 106,218,729 40 106. 418,723 98 Inc, 220,094 53
Renewal Fund—
See Speed Renewal I'd.
per contra (page lo t,
to r amount Invented
and
i>einvested ...
B y Profit and Loss to
Balance, being excess
o f Assets over ail Ua!>Illties (page 4 0 4 )-..
STATEMENT OF
In Special Renewal Fund.
260 Bio Grande Southern Railroad1
t
Co. First M. Bond* of *1. 0 0 ea. $206,000 00
503
t
451,573 3s
437,517 16 Dec, 14,058 23
-p— each................................ .
50 Denver U Bio Grande Railroad
1
o f $1,(100 e a c h ........
2 ,1 3 0 ,1 0 3 6 7
2 ,0 5 0 ,4 1 7 71 1>
j.
7 3 ,7 7 3 9 6
Co. Notes.............. .........
Cash to be invested........
103.800,498 43 108,842,668 84 Inc. 112,160 39
$172,900 00
232,500 00
214,571 17
50,000 00
41,887 50
2,724 05
5,436 83
2,721 05
5,436 83
$576,658 48
$-137,517 15
if
SUMMARY OF FINANCIAL OPERAT1 OSS
Total amount.
$2,167,503 29
« ? T i t e h t v t : s i Rr.» Gsaniu ; R ailkoah CoMcxxr, from J rs i: 30,
1893, to Just; 30,1890, OiJrsib* o r I t* !*<.<> vs A f c o c s r .
BKsot'ttens to ne AecoCSWKD volt, Tat's:
dscbA m r o r assijts,
State a n ! County Warrant*.................................................. .
8 5 ,9 3 6 22
REPORT OF THE AUDITOR.
Bill* Receivable......... ..............................................................
8,000 00
5 1 ,5 8 4 IT
Individuals and Companies..................................................
8 , CL So. RR, Co, Flr»t Mart Bond* In Treasury......... .
1 5 3 ,7 5 0 0 0
T he D e n v e r & Rio G r a n d e RR. Co.,
i
D. & K. <K RR. Co. First Cons. Mort. 4 per cent Bonds in
D e n v e r , C o l o r a d o , August 5, 1896. j
Treasury tat fa c e t ........................ ....................................... 2 1 5 , 0 0 > 0 0
Cash ito he Invested,, Special Renewal Fund.....................
4 3 ,0 0 4 88
Mb . Stephen L ittle, Comptroller:
Trinidad Terminal*. ................................... ............................
2 1 3 2 3 23
Band at Trinidad................................................... ................
1 6 ,1 8 6 2 6
Dear Sib :—I beg to transmit herewith the tabular state
Total Decrease af A*<jet*....... .............................
. $ 5 1 5 .2 * 6 7 6
o r L1AMUTMM.
V ou ch ers..........
..................................... .
$ 2 1 ,9 2 3 52
Express Money Ocdent......................... .
..........
•111 0 l
First Con*. Mort. Bond*, coupon* due and unpaid.
4 .9 0 0 0 0
Sundries........ ........................ ............................ ...
8 ,3 1 2 21
Accrued Taxes...... .......................
251 77
Accrued Rental of Leased Lines
300 00
Dividends on Preferred Capital Stock.
. . . . . 2 3 6 . 8 2 0 00
Total Increase o f Hetdlltte*............................................ $272,870 51
ments, showing the operations, financial and statistical, of
the Company's lines for the fiscal year ended June 30, 1896.
Yours respectfully,
E. R. MURPHY, Auditor.
STATEMENT OF EARNINGS AND EXPENSE
FOR Tint FISCAL THAR KNDKI) .TVER 30, 1896,
Orand Total to be accounted for.................................... $788,157 30
T h is sum is a c c o u n t - i fo r a s fo llo w s :
E a m ln g t—
D toB B A U B O F .ISSRTS.
Equipment.................................................................................
Beal Estate......... ... ..........
.............................................
Constntetmn of Branches ..................... ...................
Material* nod Supplies......................................... .
. ..
Agomsansi Conductor'.............. ’.‘.’.V. ’ .,C- 9. Oocertwneat.....................................................................
Pueblo fu lon Depot sinking Fund ... ......... .
. ...
Bonds 90.(1 Sir, ;k of tile E..O'. So. KB. Co. acquired under
agreement of February 27,1895................ .......................
Sundries ...................................................................................
Traffic Balances ...
.................. ........................................
B.
<%8. F HR. ( ’<>, Cnplrnl Stock In Treasury................
Pueblo Sni-n Depot * RR. Co, Capital Stock in Treasury
I). A R, o . Kit. Co. 1st Cons. Mort. Bonds fat cost). Special
, Renewal F u n d ................... .................................
B. O. do. RR. Co. Hote*.Special Renewal F u n d .............
* 1 0 .0 7 0
1 7 .2 0 2
2 ,3 1 8
9 0 ,0 1 8
1 8 ,8 7 4
2 9 ,2 0 1
1 ,0 6 6
00
26
72
85
27
31
23
1 0 9 ,5 6 0
068
3 2 ,7 0 6
2 1 7 .5 0 0
04
68
14
00
800 00
8,120 00
2 0 .2 2 5 0 0
2 ,7 2 1 6 3
Total Increase of Assets................................................... $657,447 15
Compared with Year Ended June 30, 1895.
1895-96.
1894-05.
Inc. or Dec.
$
$
$
Freight.. .......................... 3,179,049 73 4,819,004 92 I no. 359,144 81
Passenger
.
.1,478,011 04 1,183,270 10 Ine. 295,040 85
Express, Mall*. Miscella
neous and Rents............. 803,225 82
913,665 45
Dec. 20,43963
Total Earning* _____ 7,551,180 59
6,916,640 56
Inc. 034.34003
Erne nets—
Maintenance of Way
. 978,641 48
820.720 65 Ine.
Maintenance pf Sli m-Cre* 165,742 5!)
144,136 04 Inc.
Maintenance of Equip .
123,754 75
898,310 15 Inc.
Con tacting Tr.t n<porla n 2 .3 0 2 ,1 11 30 2,188,763 40 Die.
Expre-K Expen....
188,237 4.7
175,623 43 Inc.
General Expcm..-. .......... 270.259 33
263,657 28 Inc.
Total Expenses .
.
Percentage o f Operation..
157,020 83
41,605 65
25,444 60
113.381 3112,014 0*1
0,002 05
1,348,780 42 3,091 , 2 1 1 91 Inc. 357,568 51
57-59
S7’70
Net Earning .............. 3,202,40617 2,925,628 65 Inc. 276,777 52
THE CHRONICLE.
406
[VOL, L X III.
EARNINGS, EXPENSES AND NET EARNINGS.
INCOME ACCOUNT.
F rom J a n u a r y 1, 1885, to J une 30 ,189 6.
For the Fiscal Y ear E n' ded J ose 30, 1896.
_ j
Average
Net
Gross Earning* from Operatiou......................................... o'vso iio i
miles
Earnings.
Expenses.
Earnings,
Worlciiig Expenses................................................................ . *
,
r
e
a
r
operated.
$
$
$
FercentttKe of Operation...................................................... ......... ,-o
1885
......
1,317 6,119,053 72 3,935,273 46 2,1«3,780 20
Net EarnliiKs from Operation
.......V '
(i(i*3>-02’4l)B 1'
1886
................. 1,317 6,738,077 47 4,227,416'08 2,510,660 79
Add Income from -Int. on Securities Owned $51,250 OO
................. 1,347 7,983,419 05 4,742,048 53 3,241,370 52
Interest, Discount and Exchange.............
0,08190 __.j7,334 JO j 1887
1888 ........................... 1,463 7,668,654 04 5,1 04 ,6 8 1 7 4 2,563,972 30
Total Net Income......................................................... $3,259,741 07
................. 1,493 8,046,603 37 4,714,193 2 7 3,332,410 10
1889
1890—First six mos. 1,497 3,890,852 97 2,360,142 88 1.530.710 09
............................... $328,104 77
18909 1 ............. 1,579 8,850,920 34 5,510,303 46 3,340,616 88
18919 2 ..............1,640 8,830,916 57 5,121,593 37 3,709,353 20
Immranoe
."...............................
21,681 34
1892-9 3 ...................... 1,646 9,317,646 53 5,282,084 92 4,035,561 61
Interest on Funded Debt.............................. 1,92 o' qkoc ?
9 4 ............. 1,654 6,476,043 58 3,972.551 17 2,503,492 41
Rental of Leased Lines.................................
q lo o aoa 7 S1 7Q 18933,09.) 04
2,424,78179 1894Other Railroads...............................................
9 5 ............. 1,657 6,916,840 50 3,991,2 119 1 2,925,628 65
18959
6
......................
1,663 7,551,186 59 4,348,780 42 3,202,406 17
Snrplns forthe Year.. ...'...... .................................... $834,959 28
Being an increase of $306,2GS 93 over sur
PER MILE OPERATED.
plus of previous year, out of which were
Average
Earninas
Expenses Net earnings
declared two dividends of 1 per cent each,
per mile
miles
per mile
per mile
on the Preferred Capital Stock, viz., No. 9,
of road.
o f road.
operated.
o f road.
payable January 15,1896, and No. 10, payYear—
$
$
$
able Juiv 15. 1896................................
$173,000 00
1,658 00
4,646 00
1885........................... . 1,317
2,988 00
And portion or cost of 783 new Standard
1,906
00
5,116
00
3,210
00
.
1,317
1886...........................
Gauge Box Cars added to equipment dur
3,520 00
2,407 00
5,927 00
1887.......................... . 1,347
ing the year as follows, viz.:
5,242
00
1.753
00
.
1,463
3,489
00
1888..........................
Cost of 783 new Standard
2,232 00
5,390 00
3,158 00
1889............................ 1,493
--Gauge Cars..........................$387,867 22
1,022 00
2,599 00
1.577 00
1890—First six mos . 1,497
Less amount paid out of
5,605 00
3,490 00
2,115 00
1890-91...................... 1,579
Speo’lRen’l t ’ ml.$225,000 00
2,262 00
5,385 00
3,1*23 00
1891-92..................... 1,640
Equip. Ren’ F’d- 19,299 72 244,299 72
2,452 00
5,661 00
3,209 00
1892-93...................... 1,646
2,402
00
1,513
00
.
1,654
3,915
00
1893-94....................
Balance charged to Income........................
143,567 50 916,567 50
4,174 00
1,765 00
2,409 00
1,657
Remaining Surplus carried to credit of Profit and Loss.. $218,391 78 1894-95......................
1,925 00
4,540 00
2,615 00
1895-96................... . 1,663
BALANCE SHEET JUNE 30, 1896.
ASSETS.
To Original Cost of Road.................... $83,984,952 86
Construction of Branches............
7,996,914 56
Betterments...................................
9,174,697 07
Equipment.................................... .
Express Equipment........................
Real Estate.............. ......................
Materials and Supplies....................
Agents and Conductors....................
Bills Receivable................................
Individuals and Companies.............
U. S. Government.............................
State and County Warrants............
Securities in the Treasury..............
Special Renewal Fund (see contra)
Pueblo u. D. Sinking Fund.............
Traffic Balances................................
Sundries............................................
Cash....................................................
LIABILITIES.
By Capital Stock, Common................ $38,000,000 00
Capital Stock, Preferred............... 23,650,000 00
$61,650,000 00-
1st Mort. Bonds, 7 per cent......... $6,382,500 00
1st Con. Mort. Bonds, 4 per cent.. 28,650,000 00
Impt. Mort. Bonds, 5 per cent__ 8,103,500 00
$101,156,564 49
4,135,141 12
50.000 00
25,062 26
394,397 42
210,713 68
25.000 00
163,955 72
42,616 94
2,503 65
1,729,986 14
437,517 15
4,800 00
33,956 42
5,107 41
525,336 44
43,136,000 00
167,243 38
302,942 40
108,227 08
608.340 00
162,538 88
8,800 00
21,089 99
42,211 41
4,510 84
236,820 00
Vouchers.....................................................................
Pay-rolls............................-.........................................
Accrued Interest on Bonds.....................................
Bond Coupons............................................................
Accrued Taxes..........................................................
Accrued Rental of Leased Lines............................
Express Money Orders............................................
Sundries................................ ..................................
Equipment Renewal Fund......................................
Dividends on Preferred Capital Stock..................
T otal L ia b il it ie s ...................... ...............................
By Renewal Fund (see contra).....................................
B y B a la n c e t o C r e d it o f P r o fit a n d L o s s ......
$106,448,723 9S
437,517 15
2,056,417 71
$108,942,658 84
$108,942,658 84 I
CURRENT ASSETS AND LIABILITIES JUNE 30, 1896.
LIABILITIES.
$394,397 42 Vouchers............................................................$167,243 38
470,185 78
2,503 65 j Pay-Rolls........................................................... 302,942 40
25,000 00
10,377 50
525,336 44 Coupons First Mort. Bonds............................
210,71368 Coupons First Cons. Mort. Bonds................ 581,050 00
16,912 50
608,340 00
4,800 00 Coupons Improvement Mort. Bonds............
879,100 00
87,000 00 Accrued Interest on Improvement Mort. 5
per cent Bonds.................................. - ........
33,764 58
369,405 14 Accrued Interest on First Mort. 7 per cent
217,500 00
Bonds..............................................................
74,462 50
108,227 08
8,12000
168,861 00 Dividends on Preferred Capital Stock................................
236,820 00
33,956 42 Express Money Orders..........................................................
21,089 99
5,107 41 Sundries...................................................................................
42,211 41
Equipment Renewal Fund........................................
4,510 84
A c c o u n ts C o l l e c t i b l e :
Accrued Taxes.......................................................................
162,538 88
U. S. Government..............
Accrued Rental of Leased. Lines........................................
8,800 00
$42,616 94
Individuals and Companies.
163,955 72
206,572 66
Total Current Liabilities.................................................$1,662,723 98
8 p e c ia l R e n e w a l F u n d :
B alan ce. Current Assets In excess o f Current
Representing the Investment of Renewal
L ia b ilitie s......................................................................... 1,913,166 99
Fund and consisting of the following
securities—
D. A R. G. Impt. Mort. Bonds.................... 214,571 17
D. & R. G. First Cons. Mort. Bonds..........
41,887 50
R. G. So. RR. Co. First Mort. Bonds.......... 172,900 00
R. G. So. RR. Co. Notes...............................
2,721 65
Cash (to be invested)...................................
5,436 83
437,517 15
A SSETS.
Materials and Supplies on hand..........................................
State and County Warrants (face value)...........................
Bills Receivable.....................................................................
Cash......................................
Agents’ and Conductors’ balances, due and in tran sit...
Pueblo U. D. Sinking Fund..................................................
R. G. So. RR. Co. First Mort. Bonds in Treasury.............
R. G. Gunnison Ry. Co. 1st M. Bonds in Treas’ry (at cost)
Bonds and Stook of R. G. So. RR. acquired under agree
ment of February 27, 1895...............................................
R. G. <feSanta Fe RR. Co. Capital Stock in Treasury.......
Pueblo U. D. A RR. Co. Capital Stock in Treasury (cost).
Other Securities...................................
Traffic Balances....................................................................
Sundries..................................................................................
$3,575,890 97
$3,575,890 97
STATEMENT OF APPLICATION OF NET INCOME AND RECEIPTS FROM ALL OTHER SOURCES, FROM
JULY 12, 1886, TO JUNE 30, 1896,
Show ing par value of securities sold, and including in expenditures the discount thereon.
RECEIPTS FROM ALL SOURCES.
Assets In Excess of Liabilities July 12,
1886. from Receiver old company..
Received from Reorganization Com
mittee:
Capital Stock, Common................
$219,050 00
Capital Stock, Preferred.............. 2,034,792 00
‘ ................................................ 1,105,049 02
Consolidated Mort. 4 per cent Bonds
issued.................................................
6,075,000 00
Improvement Mort. 5 per cent Bonds
issued.................................................
8,103,500 00
Renewal Fund provided from Income
and carried as such, iucluding $83,635 90 accretions therefrom, (see
contra)................................................
Snrplns June 30 , 1 8 9 6 .................
$516,480 20
EXPENDITURES.
Construction of Branches.....................
$7,996,914 56
Betterments—Gross charges thereto ..$10,350,467 33
Less Amount provided from In
1,175,770 26
come................................................
Equipment, as per Balance Sheet..... 4,135,141 12
Less that acquired from the old
3,358,891 02
company........................................
2,735,275 92
Leaving Net Increase of Equipment...
Express Equipment................................
Real Estate...............................................
14,178,500 CO Balance Current Assets in Excess of
Current Liabilities as above in
cluding therein $437,517 15 Spec
ial Renewal Fund (see contra) al
ready invested..................................
437,517 15
2,056,417 71
$-0,547,806 08 !
9,174,697 07
1,399,865 20
50,000 00
13,162 26
1,913,166 99
$20,547,806 08
S epte m b e r
5, 1396.]
THE CHRONICLE.
407
CLASSIFIED FREIGHT, TONNAGE AND REVENUE, FOR THE FISCAL TEAR ENDED JUNE 30, 1896, COMJPAEED WITH YEAR
ENDED JUNE 30, 1893.
Grain— ........................................................................
Flour... .....................................................................
Other Mill Prod
......................................................
Fruits anti Vegetables............................................... .
Stone, .-nn Lett-...........................................................
Cement, Brick and Lime.............................................
Live stock ............................................ .......................
Charcoal............................... ........................................
C«ke......................................................... - ....................
Hide* and Leather........................................................
Wool................................................................................
Petroleum and other OIL...... ....................................
M ea ts....... .
Otlter Packing House Product-.................................
Poultry, Game and PLli............. .................................
Salt.................................................................................
Suva,- ............................................................................
Iron,PR- and Bloom................ ............. .....................
Iron and s te d Balls....................................................
Other Cjvsttm.- and M achinery................................
Bar and Sheet Metal .................................................
Agricultural Implement*................................... .......
Wagons, Carriages, Tools, esc.....................................
Wines, Llouors and Beer*...................... ...................
Household Goods and Furniture.............................
Iron Ore......................................................... ...............
Bullion.......... ..................................................... ...........
Water......................................................... .............
Grading Outftt...............................................................
Total.........................................................................
149.027
DIMS622,870
36.518
230,633
22.153
32,873
15.386
7.328
48,325
119,282
20,-2-5
55*262
0,317
115,730
1,567
2.108
23.953
1895-96.
!
1894-93.
— _— ;——----- -— ------- f!---1 ----- ------------------ „----;----- Per Cent.
Revenue.
Tons.
Per Gent.
Per Cent.
Revenue,
J:i
2,756
23,218
1,858
17.300
13.660
8,182
2,527
3.243
20,920
4,7.30
208,049
33*65*2
5,297
5,335
430
7-58 ,$1,082,234 73
4*60
189,011 45
31-68
733,726 51
1*86
3-B 02
12-04 1,035,761 14
1-13
50,678 57
1*07
108,030 69
0-7 S
78,699 7.3
0*37
27,646 10
2*10
154,73*2 20
50,922 11
6-07
1*03
41,686 80
229,490 48
2-81
0-32
0,875 04
5-89
231.580 72
0-08
16,071 75
0-11
22,509 43
1-22
102,792 53
8,940 12
0-08
0-34
40,715 17
0-04
2,943 11)
014
9,087 76
1-18
60,608 47
0-09
0-83
0-69
77,071 92
0 12
24.315 58
0-13
14,184 10
0-17
19,115081
V06
129,080 0b
0-23
24.955 72
10,58
332,507 34
1-71
137,650 42
0-27
796 OO
0-27
5,508 50
0*0*2
1,800 14
1#00,131
100 00 $3,170,049 73
Port Royal & \ugn-da RR.—Charleston A VVesteru Caro
ll»a Ry.—Sale and New Company.—A t the foreclosure wti-*
of the Port Royal & August*, at Port Royal. S. C.. Sept. 1,
the roail was sold »o Samuel Thomas and T. F. Ryan for
1550.000. The road will shortly be merged with the Port
Royal & Western Carolina into a new company, to be called
the Charleston & Western Carolina.—V. 63, p. 155.
St. Louis Cape Girardeau & Fort Smith Ry.—Receiver^
Certificates.—FortcJomrt.—The court in May, 1898, authorized
the issuance of $30,000 worth of receiver’s certificates for the
purchase of steel rails, stipulating that $750,000 of the consoli
dated bondholders of a total of $1,000,000 should first in writ
ing assent thereto. The assent of $310,000 consols was filed at
the August term. The certificates are to all be countersigned
by the Chairman of the Reorganization Committee, and it is
proposed they shall bear 6 per cent interest, payable semi
annually. No other certificates have been issued thus far,
those now to be issued having been applied for in November,
1895. It is thought that the mortgages on property will be
foreclosed next year, and the road reorganized and extended
into northwest Arkansas.—V. 82, p, 1179,
IIfcO
Merchandise..................................................................
Lumber........................— ............................................
Bituminous Coal.........................................................
Anthracite Coal............................................................
Precious Ore................................................................. -
Tom.
<»W;
CLASSIFICATION.
20-90
3-65
14-21
1-77
20*00
1-00
20 9
1-52
0*53
2-99
0-9S
0-S1
4-43
019
4-47
0-32
O il
1*98
0-17
0-79 :
006
0-19
1-17
o-oc
0*35
1-49
0-47
0-27
0*39
2-50
0-48
0" 12
2-66
0-02 O il
0O3
100-00
121.795 '■
6-11 $1,002,042 36
3*04
122,766 08
60.663
35 20
701,480
786,053 05
38,711
1-94
109,933 29
215,968
10-84
926,315 51
17,535
0-88
45,450 73
1*30
25.978
88,371 51
13,113
0-00
79,030 76
5,901
0-30
24,958 36
51,433
2-58
156.203 87
140.742
7-00
58,097 80
13,090
0-66
29,182 79
45,068
2*20
199,257 70
0*27
5,308
9,317 31
5*98
181,128 93
119,088
1,788
16,836
57
0-09
3,213
0-16
40,250 79
2 11
41,976
172,701 88
812
0-04
5,43*2 92
0-25 * 30.371 SS
4,909
2,154
o - ii
5.864 22
0-00
1.819
7,256 59
18,064
0-95
53,608 54
3,278
3,491 75
0 16
45,843
19,604 34
2-30
9,303
0-47
62,880 03
020
3,108
16,621 85
1,813
0-00
10,490 90
1.625
0-03
1! ,300 94
18,333
0-92
109,599 29
2,902
19,130 11
0-15
214,942
10*79
293,275 23
21,827
1*25
112,794 80
2,372 00
5,601
0-28
7,252
0-36
5,583 23
o-oi
218
1,640 70
1,992,764
1004)0 $1,819,904 02
Per Cent.
20-79
2*55
16-31
2-28
19-22
0-04
1-83
1-65
0‘52
3-24
1-21
0*61
4-13
0*19
3-76
0-35
0-34
3*58
0-11
O-0S0-12
0-15
1-11
0-07
0*41
1-30
0-34
0-22
0-24
2-27
0-10
6-09
2-34
005
0-12
003
100*0
Terre Haute X Peoria RR.—Indiana & Lake Michigan
Ry. — Terre Haute A Indianapolis RR. — Default.— The
coupons duo Sept. 1,1896, on the Terre Haute & Peoria aud In
diana & Lake Michigan bonds, guaranteed by the Terre Haute
as Indianapolis, were not paid. The Torres Haute & Indian
apolis Company says the money has not been earns 1 and that
the payment will be made as soon as possible. The default
was expected in view of the default July 1 on the I’erre Haute
& Logansport bonds.—V, 63, p. 87,
Union Pacific RR.—Default on Sinking Fund Ss.—The
interest due Sept. I on the Union Pacific extended Spar cent
sinking fund bond* was no; paid at maturity owing to lack
of funds. Heretofore the coup ms have bjen met with rev
enue derived from land sales. The cash in the hands of
tbe trust company is now, it is stated, considerably short of
the sum required for this p repose, the reveaus from lands
having of late been small. The bonds covered Jan. 1, 189(1,
8,303,000 acres, of which70,030 agricultural, 3,233,000 grazing
and 1,000,000 arid; also land contracts for $2,672,713 and cash
$157,445. Of the land, 163,000 acres of grazing and 70,000
acres of agricultural lands were in Nebraska; all the rest was
in Wyoming, Utah or Colorado,
The following table shows the land sales and the cash
receipts from the lands and land contracts pledged t j secure
the $3,739,000 of bonds now outstanding:
Southern Ry.—Seaboard Air Line.—Injunction as to Rate#
Dissolved.—At Charleston, S. C., August 3), Judge C, H,
Simon ton. in the United States Court, dissolved the injunction
granted to the receiver of the Port Royal & Augusta to
land * atout and tscour:.
prevent a wholesale reduc ion of rates. (See V. 63, p. 16*C
Cash
Inf. on
from
Acres Sold.
Amount.
'Sales, Contracts. Contracts
070.) The arguments at the hearing, which was held in
Tear.
Lets Canceled.
$
$
*
S
Greenville, August 15, were restricted to the jurisdiction of 18*5...............
43,990
90,182 65,159
112,811
27,5(10
the Court. In closing his decision. Judge Stnaonten says.
1891
.................. del. 82.982del 37,2919,37* 107.21 i
08.280
Sow It appears that the Seaboard Air Line I* neither a oorpo ratios,
• Joint stock company nor a copartnership or the railroad*. U la holy
the designation of a reap- controlled by the Raleigh A- Gaston Co. and
the 8e«»oard'4t Roanoke GUUroact Co. Tim Gnorgia Carolina * North-
1893..........dof. 11.535
dcf.5,930
1892
.ilof.310,?3ii dflr.376.0mi
1891.................
1HAO ..............
61,075
52,001
87.515
84,761
45,977
15.03 1
551,739
731.57 1
118,103
53,177
803.213
215,618
277,201
27,886
11.073
era Railroad Co, has leased Its property to
two corporations.
* And Brat ijfiymenl on contract*.
The matter of malt trig rare* l* determined by the two corporations ;
In 1895 there were sold 116,013 acres for $393,732, but the
which hold the lease. They are not apeelflaallr named in the hill and
are not defendants. Toer »*•« inhabitant* of other State* than South cancellations aggregated 103,033 acres and represented $118,CttToliha, and cannot therefore 6e ooburdledto answer this hill o r to 540, making the net amount received and due on account of
abide by the decree of this Court. The elates tea*. the preienea ot the
Georgia Carolina A Northern On. »» a :■ i«od lint, is suliintont for the the year's operations, $90,183, as shown in the table. The
total cash receipts, including payments on land contracts of
purposes <d this hill does not appear to he adequately shown.
The Cnnrt i* thnre'nro of ooinlon tb it the *b**or* of the -talnlgh & previous year*, etc,, aggregated $305,884. On the other hand
Oasion and too Soaeoasd A Roanoke 0oinr*-inies Intorp*i«,'i an obscario
In the way of a decree which Is laeitpera’il*. Till* i-onconlia h i- bona the expenses for salaries, commissions an i miscellaneous
reached with great relnotatid*. rite Ihtportanoe o f tb ■ naeolon- charges aggregated $84,503, leaving net cash receipts for the
Invelrod make* ft desirable that the Bratstap nhmrtd be taken leading late year of $131,273.
The annual interest charge on the
to so elaeldation of these guestiona by the court ot !a*t resort.
loan is $299,130. Better times will presumably increase the
Some comments on the decision, which has been followed
by a serious reduction in rates, writ be found in our editorial
column—V. 63. p. 270, 354, 359.
Southern Pacific KU —Temporary Loan.—In view of tbe
uncertainty surrounding tb- money market, the company
h»s arrangtd to borrow in London for one year 41,200.000.
The money will he used from time to time hero and abroad as
may be necessary,—V. 62, p. 1083, 1039,
Sonlhwes* Wi*«ouri Electric Ry., Webb C ty. Ho.—New
Mortgage. The Joplin & Galena Elictric Rdlwiiy, now
owned by the Soutbwi st Mwturi Electric Ry.. has flhd a
mortgage for $117 .V0 to the Central Ttii.v Co. of New York
and the Mississippi Valley Trust Co. of St. Louis, toreeur- 235
$j< o ihirty-year 6 p* r cent fiords. The Sou h west Missouri
Electric hr* nbo, it is stated. bought the Jasper County E'ectric RR. of O irtbage.—V, 82,-fh 1140,
'
available income.—V. 63, p, 270.
West Chicago Street RR.— New Debenturns. —New deben
tures for $1,000,000, authorized about sixty days ago, are said
to have been issued. Still another block of debentures addi
tional to tbe $4,000,000 shown in the Street Railw ay S up
plement is said to be outstanding, but no satisfactory infor
mation regarding either issue is obtainable,— V, 63, p. 553,
— Messrs, B. L. Smyth & Co.. 85 W all Street, offer investors
Chicago & Alton eight per cent common stock, to net 5 8-16
per cent.
— A list of books on the "Money Question,’* dealing with all
sides of the subject has been issued by Messrs. A, C. McClurg
& Co,, Booksellers, Cnicago.
— Mr, F. J. Lisman announces in another column that he ia
prepared to trade in the bonds of the various properties under
i reorganization, deliverable when issued.
THE CHRONICLE.
408
ffihe Cfccrmmjercial fluxes*
COMMERCIAL
EPITOME.
F r i d a y N ig h t , Sept. 4. 189 3.
The victory of the sound money party in the Vermont
State election early in the week has had a decidedly appre
ciable influence in'restoring confidence in business circles as
has also the steady improvement in the monetary situation in
consequence of the influx of gold. Trade has been by no
means good but the complaint by merchants of stagnation
of business is now seldom heard, and while dealers generally
have continued conservative in their operations the feeling
of distrust which has been dominant for a considerable time
past is no longer apparent. A convention of the Sound Money
Democrats was held this week and resulted in their placing
a ticket in the political field, There have been large pur
chases of grain for foreign aocount, notwithstanding the
demand has been checked to some extent by scarcity of
ocean freights. The following is a comparative statement of
stocks of leading articles of merchandise at dates given:
Pork..........................
Lard.........................
Tobacco, domestlo..
Tobacco, foreign___
Coffee, Rio................ ......... bags.
Coffee, other.............
Coffee, Java, Ao.......
........ hhds.
Sugar................
.............No.
..........bbls.
Spirit* turpentine...
Tar............................
Biee, E. I ..................
Rice, domestic........ ........ bbls.
Linseed ....................
Saltpetre............................. bags.
Jute bptts.......................... bales.
Manila hemp........... ........bales.
Sisal hemp............ ..........bales.
Flour......... ......bbls. and saoks.
Aug. 1,
18y6.
Sept. 1,
1896.
6,170
22,596
13,990
21,051
192,230
84,283
66.594
11,362
2,136,416
None.
85,700
86,983
27,311
1,301
1,630
4,900
7,500
None.
13.000
3,600
29,975
76,238
89,000
5,577
25,113
14,118
17,282
199,808
61,207
66,574
9,584
1,969,062
25
103,500
64,403
29,448
2,481
1,492
None.
24,500
None.
40,395
52,539
77,900
Sept. 1,
1895.
[ V o l . LX III.
C O T T O N .
F r i d a y N i g h t , September 4, 1896.
T h e M o v e m en 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 116,890 bales,
against 68,557 bales last week and 36,961 bales the previous
week, making the total receipts since the 1st of Sept., 1896,
62,207 bales, against 13,802 bales for the same period of
1895, showing an increase since Sept. 1,1896, of 48,405 bales.
Receipts at—
Sal.
M071.
Galveston........
Tex. City, &o.
New Orleans...
Mobile..............
Florida.............
Savannah........
7,530 14,886
798
2,070 12,939
956
314
Charleston___
Pt. Royal, Ac.
Wilmington___
Wasb’ton, &o.
Norfolk............
West Point.......
1,402
2,093
929
3,398
......
531
......
3,058
75
.1,83?
......
933
......
882
......
Tues.
Wed.
Thurs.
1,883
4,057
6,720
1,124
210
5,100
1,330
2,378
349
5, L75
1,883
3,589
539
849
.. ...
736
1,479
......
897
723
......
1,037
......
......
399
......
1,267
......
.....
Fri.
Total.
5,792 40,868
1,489
691
3,926 27,537
269
3,428
3,545 20,648
TOO
175
1,999
8,107
2,093
......
2,285
6,179
......
......
5,684
1,194
__
_
11,608
193
193
18,140
......
...... ......
......
19,584 New Y ork........
59,484
264
31
83
150
219,539 Baltimore........
......
15
15
9 3,068
210
173
2
19
16
24,000 Philadelph’ a, &c
3,320
848,244 rot’ls this week 18,940 35,743 10,770 14,844 16,501 20,092 116,890
215
29,300 I The following shows the week's total receipts, the total sm ce
160,558 Sept. 1, 1896, and the stock to-night, oompared with last year.
25,403
Stock.
1896.
1895.
1,727
Receipts to
740
This Since Sep. This Since Sep.
Sept.
4.
34,500
1895.
1896.
Week. 1, 1896.
Week. 1, 1895.
750
Noue.
18,452
3,042
3,512
65,920
11,509
3,100 Galveston... 40,868
2,300
1,489
691
63
63
10,267 New Orleans 27,537
12,528
6,515
66,532
44,583
5,898
6,328
2,158
329
6,326
5,339
3,428
301
140,100 M obile.........
The market for lard on the spot has been quiet and as there Savannah... 20,64S
have been moderately free offerings prices have declined,
Br’ wick, Ac
175
clrsing easy at 3 62J^c. for prime Western, 3 '40c. for prime Charleston..
8,107
City and 4 05c. for refined for the Continent. There has been
2,093
a slow market for lard futures and at the W est the market
Wilmington.
0,179
has steadily weakened under free offerings by packers,
prompted by liberal receipts of swine. The close was easy at
N orfolk.......
5,684
the bottom prices of the week.
D A I L Y CLOSIN G P R IC E S O F L A R D F U T U R E S .
Sal.
Mon. Flies.
Wed. Fhnr. Fri.
September..................... o. 3-70
3-67
3-62
3-85
3-62 3 60
The demand for pork has been fairly active and prices have
held about steady at $7 50@$8 25 for mess. Tallow has been
in moderate request and steady a.t 3%@Z%a. Cotton-seed oil
has been quiet but steady at 19@20c. for prime crude and
23c. for prime yellow. Butter and cheese have been steady.
Fresh eggs have been in active demand and firm.
There has been a quiet market for coffee of Brazil growth
and as there have been moderately free offerings from primal
markets at lower prices, values have weakened slightly, clos
ing at lOJ^c. for Rio No 7. Mild grades have had only a
moderate call but prices have been unchanged and steady at
14 ^ c. for good Cueuta and 22%o. for standard Java. The
speculative dealings in the markets for contracts have been
limited and prices have declined under free offering prompted
by heavy receipts at primal markets and weaker European
advices. Close was quiet. Following were final asking prices:
B ept................ 9 50o. I Deo.
8-85o. |March.............. 8-85o.
O c t . . . . . . . . . . . . 9*05o. Jan.
8-85o. April....... , ___ 8-85o.
Nov.................. 8-90o. 1Feb.
8-85o. I May.........;..._ 8 85o.
The demand for raw sugars has been slow, refiners have
been indifferent buyers and prices have declined, closing at
3J^c. for centrifugals, 96-deg. test, and 2 13-16c. for musco
vado, 89-deg. test. Refined sugars have been moderately
active and steady, granulated closing at 4% c. Teas bave been
quiet but steady.
Kentucky tobacco has been in moderate demand and
steady. Sales 300 hhds., principally for export. Seed leaf
tobacco has sold slowly but prices have held steady. Sales
for the week were 1,000 cases. Also 450 bales Havana.
There has been a quiet market for Straits tin but prices
have held fairly steady in response to foreign advices, closing
at 13-25@13 35c. The market for ingot copper has been quiet
and prices have declined, closing dull at 10-50@10-75c. for
Lake. Lead has received slightly increased attention, and
prices have been steadier, closing at 2-70@2‘75c. for domestic.
Spelter has been dull and easier, closing at 3-55@3 65c. for
domestic. Pig iron has been quiet and unchanged, closing at
$10 25@$12 50 for domestic.
Refined petroleum has been advanced, closing at 6 80c in
bbls., 4 -80c. in bulk and 7-70c. in oases; crude in bbls. has been
nom inal; naphtha dull at 1% cents. Crude certificates have
been neglected, but the close was higher at $1 12% bid
Spirits turpentine has been quiet and easier, closing steady at
24@24J^c. Rosins have been in fair demand and firmer
closing at $1 60@$1 62% for common and good strained
Wool has been dull but about steady. Hops have sold slowly
and at weak prices.
J
14,192
100
4,866
4,317
3,431
40
675
2
35
3,270
40
661
2
35
28,662
100
23,969
7,856
40
14,876
7,779
358
16
50
21
5,114
50
5,032
200
4,271
N’p’t N., <fec
193
193
16
50
21
Boston..........
Baltimore...
Philadel., <fec.
264
15
210
233
15
191
95
58
251
95
58
250
69,507
1*700
968
4,666
160,271
2,825
3,800
2,S19
T otals....... 116,890
62,207
15,093
13,802
259,344
281,457
In order that comparison m ay be made with other years, we
give below the totals at leading ports for six seasons.
Receipts at—
1896.
Galves’n &c,
New Orleans
M obile........
Savannah...
Cbas’ton, Ac
Wilm’ton,&o
N orfolk.......
W. Point, <feo.
All others...
42,357
27,537
3,428
20,648
10,200
6,179
5,634
193
664
1895.
Tot. this wk.
116,890
15,093
Sinoe Sept. 1
62,207
13,802
1893.
1894.
3,575
6,515
329
3,431
677
35
16
71
444
13,994
7,983
828
10,396
3,309
552
639
15
630
1892.
1891.
7,657
6,479
1,270
9,629
332
107
1,418
65
1,160
18,156
10,433
952
11,969
5,695
597
693
145
1,655
38,396
28,117
50,295
98,190
33,396
31,168
56,241
131,181
38,618
19,168
5,782
23,813
4,305
843
2,483
1,972
1,206
The exports for the weak en ling this evening reach a total
of 38,332 bales, of which 24,913 were to Great Britain, 7,607
to France and 5,823 to the rest of the Continent. Below are
the exports for the week and since September 1, 1898.
E x p o rts
fro m —
T e x . City, & c..
New O rlean s..
Mobile & P e n .
Savannah .......
Brunsw ick.......
C h a rle sto n * ...
W ilm in g t o n ...
N o rfo lk ............
W est P o in t ....
N’ p’ t N ews, &c
New Y o r k .......
a ltim o re......
P h iladelp’a.&c
T o t a l.............
W e e k E n d in g S ept. 4,1896.
E x p o r te d t o —
G re a t
B r it 'n . F r a n ce
7,836
6,701
7,556
250
C o n ti
n e n t.
T o ta l
W e ek .
F r o m S ep t 1, 1896, to S ep t. 4, 1896.
E x p o rted to—
G rea t
B r ita in . F r a n c e
0,701
14,540
457
8,263
3,803
3,808
2,093
C o n ti
n e n t.
3,507
250
6,701
157
3,914
3,808
3,808
........
............
.............
.............
2,093
........
5,367
94?
1,101
656
24,903
7,607
7 0.' 8
Total. J«95 ...
* in clu d in g P o r t Royal,-
76
1,157
7,130
400
1,501
5,167
847
1,101
5,822
38,332
10,622
777
8811
5,110
T ota l.
7oe
400
5,867
847
1,501
6,951
5,065
22,638
76
777
5,072
THE CHRONICLE,
S eptem ber 5, 1896.]
la addition to above experts, o i r talagrams to-night also
give us the following am> lo t , o£ cotton on shipboard, n o t
cleared, at the ports a im ? !.
We a l l similar figures fo r
New York, which are prepare 1 for oar sposi i! us ? by M essrs.
Lambert Sc Barrows, Pro Lie? Exchanga Building.
OS SHIPBOARD, NOT CLEARED FOR—
Sept. 4 at—
Other Coast
Great
j Britain. iFrance. Foreign wise,
T h e S a i .es a n d P r ic e s o f F u t u r e s at New Y o r k are
shown in the following comprehensive table.
Leaping
stock.
Total.
New Orleans...
Galveston____
Savannah........
Charleston.. ..
Mobile.............
Norfolk............
New Y ork..___
Other ports___
1,683
24,176
None.
3,100
f?,f>00
None.
2,200
2,000
4,139
1.327
2,610 I 3,7 it
1,000
None.
4,200
None.
None. ’ None,
None, None.
500
5,300
1,000
None.
1.167
2,172
None.
1,400
None.
4, U>0
None.
None.
8,316
33,692
l.ooo
8,700
2,500
4,100
8,000
3,000
Total 1806...
35,659
7,249 I 16,561
8,839
68,309
191,036
Total 1805 ..
Total 1804...
4,551
9,204
450 ! 3,885 1 1,803
2.570
8.930
7,101
10.692
28,105
270,765
167,220
i
409
36,267
33,228
27,662
15,269
3,826
1,014
61,507
12,203
Speoulation in cotton for future delivery has continued
active and excited, and prices have advanced, as reports from
the South state that the recent rains in the Southwest came
too late to materially benefit the crop. Picking, it is re
ported, has been progressing rapidly, and it is claimed
that by the middle of next month the crop will have
been fully gathered in the Southwestern States. The market
on Saturday weakened slightly under predictions o f a heavy
crop movement for the coming week. Monday the
market opened
at a slight decline, in
response
to weaker English advices in consequence o f the
expected heavy crop movement. Subsequently, however,
advises from the East reported that mills were resuming
operations, and this, together with the steady improvement
in the financial situation, stimulated a demand from
“ shorts " to cover contracts and prices advanced, closing 13
to 17 points up for the day, Tuesday there was a very active
and excited market and prices w.'re buoyant, the weekly
report o f the Government's Weather Bureau giving
an impetus to the upward turn of values. The close
at the ports fell considerably below the estimates. The close
was at an advance o f 48 to So points for the day, Wednesday
the market was higher during early Change in response to
advices fromLiverpool. Subsequently, however, there was
a free selling movement to realize profits and prices declined,
closing 10 to 12 points off for the day. Thursday there was a
sharp advance in values on active buying, stimulated by re
duced crop estimates, stronger foreign advices and
some talk of a decreased movement of the crop. The
close was firm at an advance o f 22(836 {joints for the day.
To-day the market opened at a decline of 4 to H points, under
disappointing foreign .advices, then rallied, and more than
recovered the decline on a demand from ‘ •shorts" to cover
contracts, stimulated by a smaller interior movement for the
week, particularly in Texas, than expected. Toward the
olose the market again weakened under realizing sales by
“ longs." and the close was easy at a net decline o f '@11
points for the day. Cotton on the spot lias been quiet, and
on Saturday prices declined %o. Tuesday there was an ad
vance of 5 -lfc.: Wednesday an advance o f t*c., and Thurs
day the price was up 3-16c. To-day the market was quiet
and unchanged; mirfdling uplands closed at 8Ke,
The total sales for forward delivery for the week are
1,421,000 bales. For immediate delivery the total sales foot
up this week 14,3t4 bales, including 2 879 for export, 3,288
for consumption, ---- - for speculation and 9,500 on contract.
The following are the official quotations for each day of the
past week—August 29 to September 4.
On the basis of the rates on and off middling as established
by the Revision Committee, the prices for a few o f the
grades would be as follows:
UPLANDS
Sat.
d l..u r u e . tVo J
67,
7 ‘ 1« !
7 * .„l
7H
7 7,
83,s
8 h« 8>« ,
9L,
8V
M o n rite*!
Good Ordinary.......................... 7%
Low Mi Idling........................... 7H
Middling ................................... 8 %
Good Middling...........................
Middling Fair,.......................... r *
STAINED.
Sat.
7>a
7H
SH
to*
9
M o n T n e » Wed| T h .
Low M iddling..,.............
M id d lin g ....'...........
Strict MmiHIng.. . . . . . . . . . . . . . . . .
Ooo'i
n tu cu.i...........
6*8
8q
7 «*
7T,
8**
741,
7V
F r i.
H i.
Good Ordinary........................... 67,
Low Middling............................. 7H
Middling.................................... 7 79
Good Middling..........................
Middling Fair,........................... BH
GULF.
Sat.
7 b , 7<o
71.j , 8%
S I., 8 *a
8*8
81 1,
9 b , 0-i8
7<*
8*9
S'*
W ed T it .
F r i.
TV, | 7 » „
J ‘ <, j
87 a 8»1,
8% i 8-%
9* ,
97,4
7\
830
8%
9
9*8
F r i.
7%
8%
8di
9
9%
6‘ si«' 71,,
87-9 1 8»U
7**3 8 ’3-3
%%i* 1 i&l# 1
83"
7>t
A
3®<t
8%
7t»
9**
T ?
M lB S E f ASP SALES.
SPOT MARKET
CLOSED.
;
sales
Arp o r!
o f sror
and coktbact .
Con- 8pec Con
mimp uh*n tract.
S a fd a y .
Monday.
Turaday
Wed* day
Th'day..
Friday
Qo.ief
% dee..
10 0
m m & j. . . . . . . . . . 2,579 1 , 7 3 7
,
Gates at » i, adv.
quiet at % adv.,
07
quiet at I ,, adv.
219
q u ie t.................
142
... “
T o ta l...
2.579 2,266
Total.
10 0
1,000 8,216
7,600 7,607
219
142
....
Sales o f
Futures.
T he V isible S u pply of C otton to-night,as made up by cable
and telegraph is as follows. Tha Continental stocks, as well as
117,000
201.900 those for Great Britain and the afloat are this week's returns
394.900 and consequently all the European figures are brought down
255,600
238,700 to Thursday evening. But to make the totals the complete
212.900
9,500 14,341 1,421,000
figures for to-night (Sept. 4', we a i l the item o f exports from,
the United States, including in it the exports o f Friday only;
THE CHRONICLE.
410
[V o l . L X III.
1893.
1894.
1895.
1896.
Q u o t a t io n s f o r M id d l in g C otto n a t O t h e r M a r k e t s .—
Stock at Liverpool.......bales. 482.000 1.186,000 974.000 1,113,000
8.000 Below are closing quotations of middling cotton at Southern
io
.
ooo
8,000
3,000
Stook at London.....................
and
other principal cotton markets for each day of the week.
Total Great Britain stook. 485.000 1.194,000 984,000 1,126,000
9,000
29,000
31,000
32,000
Btook at Hamburg..................
CLOSING QUOTATIONS FOU MIDDLING COTTON ON—
85,000
96,000
83.000 187,000
Stock at Bremen........ ..........
14,000
10,000
13,000
6,000
Stack at Amsterdam..............
Sept. 4.
Satur.
Mon.
Taes.
Wednes. Thurs.
Fri.
200
200
200
200
Stock at Rotterdam...............
9,000
10,000
16,000
13,000
Stook at Antwerp...... ..........
Galveston.
.
7*9
778
339,000
77.6
7H
7=8
Stook at Havre........... .......... 140,000 33 7,000 322,000
7%
738
7 >3
6,000 New Orleans
77s
6,000
7%
778
4.000
6,000
Stook at Marseilles...............
Mobile........
7
7
7**8
93,000
7i8
7*3
74,000
73,6
60,000
57,000
Stock at Barcelona.................
Savaunah...
7%
79,6
IS,000
615
ib
7>e
7=8
10,000
6
'
H
b
27,000
20,000
Stook at Genoa.......................
7
7%
7*‘ i ,
7)4
7**16
29,000 Charleston..
35.000
32.000
38.000
Stook at Trieste— . ............
Wilmington.
7%
7%
7'2
7*2
7*3
7*2
Total Continental stocks.. 398,200 707,200 592,200 602,200 Norfolk.......
7*3
734
738
733
734
7 73
883,200 1,001,200 1,570,200 1,728.200 Boston........
8
S3,a
779
Total European stocks—
8*2
778
30,000 Baltimore. .
34,000
35.000
26,000
s
8
8
India cotton afloat for Europe
8*8
8*4
S3e
39,000 Philadelphia
32,000
23,000
51,000
8 34
87,6
8**4
Amer.oottou afloat for Europe
8is
8*8
8*>16
25.000
14,000
A
.
u
gust
a......
13,000
73t
9,000
7*9
71a
7J8
7 7q
77«
Egypt, Brazil.&o..allt. for E' pe
73s
7%
7%
7%
Stock In United States ports . 259,344 281.457 195,325 219,583 Memphis__
7*2
7**16
79,923 3t. Louis__
55,313
35,892
77.6
734
7*3,6
Stook In U. S. Interior towns.. 125,827
7**8
71*16
2,827 Houston__
6,250
13.014
7*4
7-38
United States exports to-day.
7*3
778
734
Cincinnati..
734
7%
7%
7%
7%
Total visible supply......... 1,367,385 2,239,510 1,913.633 2,154,538
Lonlsvllle...
7%
7=8
733
7*8
7 78
7=8
Of tbe above, totals of American and other descriptions are as follows.
The closing quotations to-day (Friday) at other important
American—
Liverpool stock...... ...bales
357,000 1,056,000 814,000 865,000 Southern markets were as follows.
Continental stocks.................
280,000 615,000 420,000 471,000
78,8 |Eufaula..........
738 Natchez...
™ 18
American afloat for Europe..
51,000
23,000
31,000
39,000 Atlanta...........
78s Little R ook....
7% Raleigh___
7%
United States stock................ 259,311 231,457 195,325 249,533 Charlotte........
Columbus,
Ga.
7*5
Montgomery...
758®%
Selma.........
United States Interior stocks. 125,827
35,892
55,913 79,923
7%
7tie I Nashville..................... Shreveport.
United States exports to-day.
13.014
.......
6.200
2,827 Columbus. Miss
R e ceip t s from t h e P l a n t a t io n s . —The following table
Total A m ericau............... 1,036,185 2,011,349 1,523,438 1,707,338
East Indian, Brasil, <6<s.—
Indicates the actual movement each week from the plantations.
Liverpool stock--............. .. . 125,000 130,000 160,000 253,000 The figures do not inolude overland receipts nor Southern
London stock.................
3,000
8,000
10,000
8,000
Continental stocks.................
118,200
92,200 172,200 131,200 consumption', they are simply a statement of the weekly
India afloat for Europe..........
26,000
35,000
34,000 30,000 movement from the plantations of that part of the crop which
Egypt, Brazil, Ac., afloat.......
9,000
13,000
14,000 25,000 finally reaches the market through the outports.
Total East India, &0........ 281,200 278,200 390,200 447,200
Total American................ 1,036,185 2,011.319 1,523.638 1,707,338
W eek
R e c e ip ts a t th e P o r ts . S t'k a t I n t e r i o r T ow n s. R ec'p ts f r o m P la n V n s .
Total visible surfply........ 1,367,385 2,289,549 1,913,888 2,154,538
1894.
1895.
1896.
1894.
1896.
Middling Upland, Liverpool..
4^0 <jd.
4 13d.
1894. | 1895.
1896.
1895.
4 34d.
33»32d.
Middling Upland, New York.
8 x4C.
6iB,Ro.
8*3C.
So.
858
723
6bja.
EgyptGoodBrown, Liverpool
6%a.
478l.
5°i«d. July 31....... 3,944| 1,760 5,539 62.859 47,202 78,164
3,656
P.-ruv. Rough Good, Liverpool
63.6d.
558d.
5 l 'led.
6*81 A u g. 7 ....... 5,732l 2,137 4,930 59,935 43,742 76,890 2,808
4 1sd.
Broach Fine, Liverpool..........
4*8d.
”
14.......
3 ’ Bied.
7,213
1,749 16,370 56,939 41,714 76,547
4,217
16,027
47,8d
Tiunevelly Good, Liverpool..
4716d.
4’ i«a.
3»i,d.
4 182<I*
4 2L....... 14,122
2,715 36,961 55,819 35,157 89,793 13,002
50,207
“
28....... 25,173
88,945
6,803 68.557 56,386 31,782 110.1SL 25,720
6,42
J2F* The imports into Continental ports the past week have
Sept. 4. . .. 38,396' 15.093 116,890 55,913 35.892 125.827 36,974 16,203 132,536
been 13,000 bales.
The above figures indicate a decrease in the cotton in sight
The above statement shows: 1.—That the total receipts
to-night of 93 i,184 bales as compared with the same date from the plantations since Sept. 1, 1893, are 65,444 bales; in
of 1395, a falling off of 548,503 bales from the corresponding 1895 were 16,994 bales; in 1894 were 38,974 bales.
date of 1894 and a decrease of 787,153 bales from 1893.
2.—That although the receipts at the outporcs the past week
A t t h e I n t e r io r T o w n s the movement— that is the receipts were 118,890 bales, the aotual movement from plantations was
for the week and since September 1, the shipments for the 132,536 bales, the balance g >ing to increase the stocks at
week and the stocks to-night, and the same items for the the interior towns. Last year the receipts from the plantations
for the week were 16,203 bales and for 1894 they were
corresponding period of 1895—is set out in detail below.
36,974 bales.
g
8
k s
M 55
« .> _55
- -® -b
00
O v e r l a n d M o v e m en t f o r t h e W e e k a n d S in c e S e p t . 1 .—
W e give below a statement showing the overland m ovem ent
for 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 m our regular monthly report, but all
the principal matters of interest are given. This weekly
publication is of course supplementary to the more extended
honthly statements. The results for the week ending Sept. 4
and since Sept. 1 in the last two years are as follows.
i»
0 •TS’
_a
Q h Q cc
.> O .> “
-W ;
O
o
g
E:
h : 3;
© Q
: 9:
1896.
CO
M fcO MM
M
WM*<JHHC0
to M
^ a*to w co to wVw<no 1o*m m cow to -i
©tv©W©©CtQ0Q'©M-vlM©M©CDC3Ol©M<l'^<JM^©0D©M<J
OjtO_TOr r
to
MM
September 4
Shipped—
M
MS
P £5$ ^
£ 05 t0"C) 00 M' °
COdo M 05 © © O CO1000 © O*
©©©O00i3»©XQO^©O C©©W©Ut©©©M©© © © © © © © co®
05
© tOMM10
^©©•^©©©•^•^tOODMCOCOCO*
COCOyi CDC»to © 3DMOO© © © M05!
©©©cn^]©c^<itfk©MM'«joocn«
Week.
19
1895.
Since
Sept. 1.
........
Deduct shipments—
Overland to N. Y., Boston, &o..
OOOyt Oi vJOQDMW
wce- ) « Ino cooiIt- oi
MOO* 10Ol05M^ S 2 : M2 ’ •
coch©. <jM©totoS©I K©: : a^qto
: © O M O ?i M
M<J
©tOM-*©OM'
m8 ® '
500
L,300
350
© m GO© ©
CPOOO©©^. QO©tOtO. S coS S moS S S S S S *
I?
8?
1,500
10
M
to to
M tO
©
05'
-1®© Ot Q03QMM!
M-4, tOMCi>-©ow:
to© © Oi © <i a* sato m . OOW
©'
UU© © © © CD'
Total to be deducted...............
rs
eo is
SS©
05
M tO
M
MM
•—
*
M
•§ |
M W
00©'
C*00W- j —to: £ © S MO' ££^^® ^°^W ^M CC© ^»© C5 W
C^COCO*ChOtOf
r>j M© Mo tOtOQt -«-vt-Qc^© COMO' © ©
* This year's ttguros estimated.
• Last year's llgures are for Newberry, 8. O.
The above totals show that the interior stocks have inareas
during the week 15,646 bales and are now 89,935 bales me
than at same period last year. The receipts at all the tow
have been 59,658 bales more than same week last year and sin
Sept. 1 are 32,161 bales more than for same time in 1895,
—
858
146
........
Inland, Ac., from South.............
§ 3?£ a=£ • •
Since
Sept. 1.
3,141
231
Via Parker City...........................
Via other routes, A c...................
COJOMM to ; Mto
M to'tOM® © Oi OiCO■ 00tOOt
^vJWMOHtcOCCi-* MMGO
©0<0tM©M tOOM<l ■ M© ©
Week.
—
278
156
153
890
247
176
3,959
2,317
439
403
584
635
1,023
1,038
Leaving total net overland*..
2,936
1,279
* including movement by rail to Canada.
The foregoing shows that the week’s net overland m ovem ent
this year has been 2,936 bales, against 1,279 bales for the
week in 1895, and that for the season to date the aggregate net
overland exhibits an increase over a year ago of 1.657 bales.
In Sight and Spinners*
Takings.
1895.
1896.
Week.
Since
Sept. 1
Week.
Since
Sept. 1.
62,207
2,936
16,000
13,802
1,279
18,000
81,143
3,237
33,081
3,192
Came into sight during week.
Total in sight Sept. 4..............
84,380
36,273
NortiTn spinners tak’ga to Sept. 4.
5,561
8,272
Receipts at ports to Sept. 4..........
Net overland to Sept. 4 ................
Southern consumption to Sept. 4.
Total marketed.. ....................
interior stocks in e x c e s s ............
........
........
It will be seen by the above that there has come into sight
during the week 84,330 bales, against 36,273 bales for the
game week of 1895, and that the increase in amount in sight
to-night as compared with last year is 48,107 bales.
S eptember
o,
THE CHROMCLE.
1896.]
41i
week, the precipitation being two inches and forty-four hun
dredths, The thermometer has averaged 80, ranging from
71 to 91. Month’s rainfall four inches and five hundredths.
has p r e v a i l e d i n a l m o s t a l l l o c a l i t i e s . T h e g a t h e r i n g o f t h e
Montgomery, Alabama.—Cotton is rushing in. Recent rains
c r o p is m a k in g r a p id h e a d w a y a n d c o t t o n is b e in g f r e e l y
were of no benefit. We have had no rain during the week.
The thermometer has ranged from 70 to 92, averaging 81,
m a rk eted .
Galveston, Texas.—It has rained on one day of the week, August rainfall two inches and thirty-one hundredths.
Selma, Alabama.—Telegram not received.
but to an inappreciable extent. The thermometer has aver
Madison, Florida,—Complaint of shedding and rust. It
aged 82, the highest being 91 and the lowest 73. August
has been dry all the week. The thermometer has averaged
rainfall thirty-five hundredths of an inch.
Palestine, Texas.—It has been dry all the week. The ther 85, the highest being 92 and the lowest 77.
Savannah, Georgia.—There has been rain on two days of
mometer has averaged 79, ranging from 60 to 98. During the
month of August the precipitation reached one inch and the past week, the rainfall being three hundredths of an inch.
The thermometer has ranged from 61 to 91, averaging 77.
ninety-one hundredths.
Huntsville, Texas.—There has been no rain during the August rainfall five inches and seventy-eight hundredths.
Augusta, Georgia,—We have had no rain during the week.
week. The thermometer has ranged from 53 to 96, averag
ing 77. During the month o f August rainfall ninety-two Average thermometer 78, highest 93, lowest 53. August rain
fall three inches and thirty-one hundredths.
hundredths of an inch.
Charleston, South Carolina.—W e have had rain on one day
Dallas, Texas.—Cotton picking is progressing rapidly. It
is reported that the crop will be gathered by the last of Oct of the week to the extent o f twenty-seven hundredths of an
ober and will be the shortest ever made in this section. We inch. The thirmomecer his averagad 77, ranging from 61 to
have had no rain during the week. Average thermometer 88. August rainf ill four inches and seventy-two hundredths.
Stateburg, South Carolina.— There has been no rain during
80, highest 99 and lowest 80. Rainfall for August one inch
the week. The thermometer has ranged from 58 to 88,
and eightv-five hundredths.
San Antonio, Texas.—Rain would not heip the top crop averaging 75*7. August rainfall two inches and seven hun
now as frost would kilt the stalk before bolls could mature. dredths.
Greenwood, South Carolina.—W e have had no rain dur
Moisture would moreover damage cotton already made. There
has been rain on one day during the week, the rainfall being ing the week. Average thermometer 79, highest 88 and low
est
7), Riinfall for August two inches and sixty-two hun
too small to measure. The thermometer has averaged 82,
the highest being 98 and the lowest 68. Daring the month of dredths,
Wilson, North Carolina.—It has been dry all the week.
August the rainfall reached two inches and ninety-six hun
The thermometer has averaged 78, the highest being 91 aud
dredths.
Luting, Texas.—It has been dry all the week. The ther- j the lowest 63.
mometer has averaged 79, ranging from til to 98. Daring ! The following statement we have also received by telegraph,
the month of August the rainfall reached twenty-six bun- j showing the height of the rivers at the points named at
3 o’clock September 3, 1898, and September 5, 1895,
dredths of an inch,
Columbia, Texas.—Dry weather has prevailed all the week.
Sept. 3. ’96. Sept. 5, '95.
The thermometer has ranged from 62 *o 97, averaging 80. |
Feet.
Feet.
D oricg the month of August the rainfall reached two inches |New O rlea n s......
3*2
5-2
and sixty-eight hundredths,
Heiaplils . . . . . . __
7*4
3*5
Cuero, Texas.—Cotton is newly all picked. W e have had j Nashville.............. ___Above zero of gauge.
1*9
2*1
3*4
*2*8
no rain during the week. Average thermometer 80, highest j Shreveport............
Vlelttibiirv.............
11*5
5*0
97, lowest 62, August rainfall one inch and twenty-two j
hundredths.
C o t t o n C r o p C i r c u l a r , — Our Annual Cotton Crop R e v i e w
Brenham, Texas.—W e have had dry weather all the week.
The thermometer has averaged 90, the highest being 97 and , will lie ready in circular form about Thursday, Sept. 10.
the lowest
61. August rainfall one inch and thirty-six hun- j Parties desiring the circular in quantiti is, with their business
^
dredths.
nm ple, Texas.-T h e weather has been dry all the week. |(‘ ird l>r'lQlatl thereon, should send in their orfiers as soon as
The thermometer has averaged 81, ranging from 61 to 99. j possible, to ensure early delivery,
Rainfall for the month one inch and forty hundredths.
In d ia C o t t o n M o v e m e n t F r o m a l l P o r t s . — T h e r e c e ip t s
Fort Worth. Texas.—Rain would not improve cotton now, a n d shipments o f cotton at Bombay have bean as follows fo r
“The crop m estimated at one-quarter of a bale per acre. We t h e w e e k a n d year, bringing the figures down to Sept. 3.
have had no rain during the week. The thermometer has
BO W H A T BBOBtCTS AVO SHH»BKST* F O R S n r t K W I R .
ranged from 61 to 98, averaging 80. August rainfall one inch
Shipment*I this week. Shipments tin e s S ept. 1.*
Receipts.
and seventy-five hundredths,
Since
areal I Conti_ . ,
This
Weatherford, Texas—W e have had dry weather nil the! ,6ar
Britain nent. j Total.
Week. Sept. !.♦
week. Average thermometer 3 >, highest 97 and lowest 02. ' ___
During the inonih of August the rainfall reached one inch i 1896:
6.000 0,000 74,000 722.000 790.000 10.000 2.105,000
1805
3,000: 3,000 28,718 494.858 521,570 7,000’ 1,533,307
and sixty-five hundredths.
1894
4,000: 4.000! 47.111 837.730 88-1,974; 4.000 1,794,175
New Orleans, Louisiana.—Thera has been rain on three 1993
7,000! 7.Q0O 43,525 801,139 844,6041 3.000 1,730,494
days during the week and the rainfall reached twenty-nine
’ For year- en d in g Sept. I, 1890, 1895 and 1984.
hundredths of an inch. The thermometer has averaged fit.
According to the foregoing Bombay appears to show
Shreveport, Louisiana. —There has been no rain during the
week. The thermometer has averaged fit, ranging from 80 an inn cease compared with last’ year in the week’s receipts of
to 96. August rainfall seventy-eight hundredths o f an inch, 3,000 bales and an increase in shipments of 3,00) bales, and
Columbus, Mississippi.—The crop will be picked by the the shipments since 8 apt. 1 show an increase of 271,424 bales.
middle of October. Rain has fallen on one day during the The movement at Calcutta, Madras and other India ports for
week to the extent of forty-two hundredths of an inch. The the last reported week and since the 1st o f September, for tw o
parts” cover Ceylon,
thermometer has ranged from 18 to 100, averaging 79. Dur- ' ivears,
,i has
" iU been
®9en as
** follows.
follows. “ Other
UOi
ing the month of August rainfall one Inch and thirty-one i J*' oorl11, b-urrachee and Cooonada
hundredths
I Shipments fo r the week.
Shipments since Sept. 1.*
Leland, Mississippi, —W e have had no rain during the
Great
Conti
Great
week. Average thermometer 74 6, higb«u 95, lowest 57.
Total.
Total.
Britain. nent.
Britain. Continent.
August rainfall one inch and ninety-four hundredths.
Vicksburg, Mississippi,— There has been rain on one day Qalontt*—
1899___ _
11.000
90.000
101,000
this week, the precipitation being one hundredth o f an inch.
149 5 ......
7,089
51,285
58,374
Average thermometer 79, highest 95 and lowest 57.
MadrasLittle Rock, Arkansas—Rain hag fallen on one day of the
1896........
2,000
2,000
4.000
16,000
19.000
35,000
1,000
week, to the extent of thirty-eight hundredths o f an inch, j 1 8 9 5 ......
1.000
15,210
34,051
19,435
All
others—
The thermometer has averaged 79, the highest being 95 and !
.......
t896
•1,000
28,000
149,000
4.000
121.000
the lowest 60.
1895........
3,000
3.000
35,239
107,977
143.216
Helena, Arkansas.—The weather has been dry all the week, j
T
o
Crop in the bottoms is still growing, but there is not much \ t a l a l t 1890 .......
2,000
6.000
285.000
8.000
55,000
230,000
improvement. One farmer near here has picked, ginned and ; 1895
.....
......
4,000
57.54 4 178,097
230,241
4,000
baled his entire crop, and realizes but ten bales from thirty
Par year* ending Sept, I,
acres. The thermometer has ranged from 56 to 89. averaging i
The above totals for the weak show that the movement fro m
74. During the month of August the rainfall was one Inch
the ports other than Bombay is 1,000 bales more, than the »am e
and sixty-one hundredths.
Memphis, Tennessee,—The weather has been dry all the week last ye t r , Norths whole o f Inlia, therefore, the tata 1
week. There has been no material change in conditions, but shipmentssinoe September 1, 1893, a n l for the eorrespoa iiag
light rain would do good Picking and marketing are active, j periods of the t vo previous years, are as follows.
n - >ar-< n su m "*! frcw am . I ndia
Average thermometer 76-8, highest 91-3 and lowest 895,
During the month of August the rainfall reached eighty-four I Shipments
1894.
1886.
1895.
hundredth* of an inch, on ten days.
to alt Surope
This 1 Since
Thur
1
Since
This
i
Since
Nashville, Tennessee.—Dry weather has prevailed all the |
from—
week. | Sept. 1.* week, j Sept 1.* week. j Sept. 1,*
week. The thermometer has averaged 76, the highest being i
4,000; 884,874
3,000! 521,576
6,000: 790,000
94 and the lowest 87. August rainfall one inch and forty ! Bom bay. ____
W
ea th er
R
eports
B y T
g r a p h th is e v e n in g f r o m
e le g r aph
th e
South
,— R ep orts
to
u s b y t e le
in d ic a te th a t d r y w e a th e r
230,241
5,000j 341,300
Mobile, Alabama,—Picking is active. No change in crop"
Total
14,000 1,081.000 7.000 757.817
condition. There has been rain on three days during the I 1 F or years eiu tn y Sept. 1,-1896,1833 and issi l.
O.OOOi 1,220.180
hundredth*.
All other port*
8,000 ; 285,000
1,000
THE CHROJN1CLE
412
A l e x a n d r ia R eo eipts a n d S h ip m e n t s . — Through arrange
meats we have made with Messrs. Davies, Benachi & Go., o t
Liverpool and Alexandria, we now receive a weekly cable ot
the movements ot cotton at Alexandria, Egypt. The following
are the reoeipts and shipments for the past week and for the
Alexandria, Kji/pi,
September 2.
1895.
1896.
Reoeipts (oantars")—
This week........ . —
Since Sept. 1 !............
6,000
5,000
4,615,270
5,214,000
Since
This
This 1 Since
week. Sept, l.tl week. Sept. l.j
!
4.000 339,000
....... 276,610
2.000 342,000! 1,000 355,018
Bxporte (bales)—
To Liverpool . . . . . .
To Continent!..........
Total Europe.. ..
1,000 631,628
(!,000|631,000
1VoL. LX1II,
nil bales, against 2,300 at the corresponding date in 1895, and
the amonnt afloat reaches 31,768 bales, against 28,405 bales
last year.
E x c h a n g e s .— The following exohanges have been made
during the week:
•06 pd. to exoh. 100 Sept, for Oet. •07 pd. to exoh. 1,000 Sep. for Nov.
•23 pd. to excli. 100 Deo. for Moll. •04 pd. to exoh. 700 fan. for Fob.
•09 pd. to exon. 800 Sepi. for Deo. •15 pd. to exoh. 590 Nov. for Feb.
1894.
•07 pd. to exoh. 500 Oot. for Jan.
•12 p l. to exoh. 500 Sept, for Deo.
05 pd. to exoh. 500 Deo. for Jan. ■07 pd. to exoh. 100 Jan. for Moll.
T he E x p o r t s o f C o t t o n from New York this week show a
25,000
decrease compared with last week, the total reaching 7,180
4,933,666
bales, against 11,997 bales last week.
Below we give our
Since
This
week. Sept. 1 J usual table, show ing the exports o f cotton from New York,
and the direction, for each of the last four w eeks; also the
1,000 311,425 total exports and direction since Sept. 1,1 896 , and in the last
5,000 352,782 column the total for the sam e period o f the previous year.
6,000 664,207
EXPORTS OF COTTON (BALES) PROM NEW TO RK SINGE 8EPT. 1, 1 8 £ 6 .
Week Ending—
* A o a n t a r is 9-j p ou n d s.
t Of wnion ti vmerloaiu IS t >-96, .>9.o0,» bales; in l8 *l-9 o, 4 1 o7 0
bales: In is <3-91 29,199 b ales.
0„ .
.
t Totals since September 1 cover tile tall years 189o-96, 189 4 9 o and
1893-94.
This statement shows that the reoeipts for the week ending
Sspt. 3 were 5,000 oantars and the shipments to all Europe
6,000 bales.
M an ch ester M a r k e t .—O nr rep ort re ce iv e d b y ca b le to-nigh1
fro m Manchester states th at the m arket is unsettled for both
yarns and shirtings, in cons ?quanie o f L iv erp ool news
We
give the prices fo r to -d a y b elow and leave those fo r previous
weeks of this a n d last y e a r fo r com p a rison :
1895.
1896.
8*4 tbs. Shirt OotVn
8*4 lbs. Shirt OotVn
32* Oop. ings, common Mid. 32* Oop. ings, common Mid.
Twist.
Ttcist.
to finest.
TJpld
TTplds
to finest.
J’y 31
Aug.7
“ 14
“ 21
“ 28
Sep. 4
d.
d.
6>s ®7316
61!8®73s
0U18®73s
613jeWT*a
6i3la®77s
61»,8» 8
s.
4
4
4
4
4
4
d. s. d.
31g®6 S
41a®6 9
6 7t>GlOka
7 ®7 0
7 -®7 0
8 ^7 1^
d.
d. s.
d.
4
3^32 55ie
414 57i« ®65|0 4
41%2 59i6 ®6Tl6 4
42) 32 5 n 16'®6-»K} 4
415,. 578 ^6^4 4
423^2 6
■®678 4
d. s.
1 ‘WQ
1
1^6
2V®6
3 ®6
3*2®6
d.
1
1
2
5
6
6
d.
323g2
3253
32932
4*16
4932
4U
Exported to—
Aug.
14.
Aug. I Aug.
21. I 28
Total
since
Sept. 1.
Sept.
4
Same
period
previous
year.
4,8431 1.769 11,347 5,167
1,250,
,...i ........
200
5,167
546
G t . B r it ' s .
6,093
5,167
546
Havre ........................
Other Frenoh ports..
50
Liverpool.................
Other British ports
T ot.
to
50j
T o t a l F r e n c h ___
B rem en ......
Hamburg__
Other ports.
T o t . t o N o .E u r o p e
Spain, Italy, &c.
All oth er............
Total Spain , & c ..
1,769 11,317 5,367
I
275;
656
275
656
1,714 2,075
390 ........
1,133
267j
497
3,L77i 2,342
547
1,969
100
3
76
577
50
....
1.969, ........|
G r a n d T o t a l . . . . 1 1 ,2 8 9
76
103
4 ,3 3 6 1 1 ,9 9 7
577
700
l,157|
........
l,157j
7 ,1 8 0
200
700
200
5,367
1,399
Shipping News .—The exports o f cotton from the United
States the past week, as per latest mail returns, have reached
19,093 bales. So far as the Southern ports are concerned these
S e a I s l a n d C otton M o v e m e n t .— W e have received this are the same exports reported by telegraph and published in
(Friday) evening by telegraph from the various ports the the Chronicle last Friday. W ith regard to New York we
details of the Sea Island cotton movement for the week. The inolude the manifests of all vessels cleared up to Thursday.
receipts for the week ending to-night (Sept. 4) and since
Sept. 1, 1896, the stocks to-night, and the same items for the
corresponding periods of 1895, are as follows.
1896.
Receipts to Sept. 4.
Stock
1895.
This
Since
This
Since
week. Sept. 1. week. Sept. 1. 1896. 1895.
Savannah........ .
Charleston, &o.
Florida, &o......
360
8
360
8
....
Total..
368
368
....
23 2,536
1
580
146
426
2
1
24
24 3,262
429
23
1
The exports for cne wees ending true eveam g reach a total
of 50 bales, of which 50 bales were to Great Britain, —
to Prance and — to Reval,. and the amount forwarded lo
Northern mills has been 55 bales.
Below are the export?
for the week and since September 1 in 1896 and 1895.
Export3
from —
S’vann’ li, &c
CharPt’n,<fcc
Florida, «fcc.
New York..
Boston.......
Baltimore..
Week Ending Sept. 4.
Since Sept. 1, 1896
North'n MW .
Great France
Great France
Sine
BriVn. dbc. Total. BriVn. diC. Total. Week Sept. 1
""6 b
Total.......
50
Total 1895..
........
........
........
""6 b
"* 5 0
50
50
........
........
55
55
55
55
50
50
........
__. . .
........
A considerable portion of the Sea Island cotton shipped o
foreign ports goes via New York, and some small amounts via
Boston and Baltimore. Instead of including this cotton for
the week m which it leaves the Southern outports, we follow
the same plan as in our regular table of including it when
actually exported from New York, &c. The details of the
shipments of Sea Island cotton for the week will be found
under the head “ Shipping News,” on a subsequent page.
Quotations Sept. 4 at Savannah, for Floridas, all nominal.
Charleston, Carolmas, all nominal.
J ute B ht Ts , B a g g in g , & c .— The demand for jute bagging
has been strictly moderate daring: the week u idor review^
Quotations are unchauged at
for 1% lbs., 5U\ for 3 lbs.’
and oc. for standard grades in a jobbing: wav. Oar load loss
of standard braoas are quoted at o ^ c . for lj^lbs., 5 ^ o . for
3 lbs, and 6c. for 3)4 lbs., f. o. b. at New York. Jute but™
quiet at 1 t-16@ U 2j. for paper qualitv and I V O l ^ c . for
mixing. From Messrs. Ira A. Kip & Co.’s circular “we ascertam that the deliveries of jute butts and rejections at No v
io°S.|arid, B i,st0V lim bg August were 3,600 biles, against
13 823 bales for the same month last year, and since January
if:
■
bave reabhed 379,307 bales, against 383,963
bales m 189o
The aggregate stock in the hands of imp irters
and speculators in New York and Boston on August 31st was
Total bales.
New Y ork —T o Liverpool, per steamers Aurania, 2,467 upland
and 50 Sea Island___ B wio, 2,6 >0 upland
................... 5,167
To Hull, per steamer Buffalo, 200............. . ..........................
200
To Havre, per steamer La Bretague, 6 56.................................
656
To Lisbon, per steamer I’ergeste, 5 ....................... ...............
5
To Genoa, per steamers Bolivia, 700 ...Em s, 452................ 1,152
New O rleans—To Liverpool, per steamers Astronomer, 3,650
...Inventor, 2,578 ...................... .. . . . ..........................
6,228
To Hamburg, per steamer Galicia. 1 0 0 .................................
lOO
To Barcelona, per steamer 6 irauguw el Gran le, 2,013 .... 2,063
To Genoa, per steamer Catalin i, 2.550 ............. ..................
2,550
Sostox —To Liverpool, per steamer Armenian, 6 7 8 ....................
678
Baltimore —To Liverpool, per steamer Templemore, 2 94........
294
T otal..............................................................................................
19,093
The particulars of these shipments, arranged in our usual
form, are as follows.
New York.
N. Orleans.
Boston. .. .
Baltimore..
LiverHamBarcepaol.
Hull. Havre, burg. Lisbon. Iona. Genoa. Total.
5,167
20o
656 ........
5 ....... 1,152 7,180
6,228 .....................
100 ........ 2,063 2,550 10,941
678 ............................................ .
.....................
678
294 .................... . ...............................................
294
T o t a l.... 12,367
200
656
100
5 2,063 3,702 19,093
Below we add the clearances this week of vessels carrying
cotton from United States ports, bringing our data down to
the latest dates:
GALVEsroN—To Liverpool—Aug. 28—Steamer Alava, 4,539 ...A u g . 29—Steamer Europa. 3,300.
To Havre—Sept. 3—Steamer Beucroy, 6,701.
N e w O r l e a n s —To Llveroool—Aug. 31-Steam er Nloaraguan, 4,106 . . .
Sept, i—Steamer Navigatir. 3,450.
To Havre—Sept. I -Steamer Moorish Prince, 250.
To Antwerp-Sept. 1—Steamer Moorish Prince, 157.
To Genoa—Aug. 29—Steamer Tu icau Prince, 450.
P o r t R o y a l —T o Liverpool—A ug. 2 3 —Steamer Jamaioan, 2 ,0 9 3.
B o s t o n —To Liverpool—Aug. 27—Steamer Roman, 1 0 0 __ Sept. I —
Steamer Cambroman, 193....Sept. 2—Steamer Lancastiian, 654.
B a l t im o r e — To LivorpoM—Sept. 2 —Steamer Vedamore, 1,101.
To Bremen—Sept. 4—Steamer Halle, 400.
Cotton freights the past week have been as follows.
Satur.
Liverpool.......... .d. IS®9(i4
....
Do
_____
Havre___ ____
251
Do ............... .c.
....
Bremen..............
Do ........ . 0 .
....
Hamburg..........
23>
251
Do Sep.&Oot.c.
Ams’dam, asked.c.
251
341
Reval, v. Hamb ,c.
32t
Do v. Hull.. .d.
..
Barcelona......... .d.
30f
G enoa...........
Trieste, July 25 d.
°S2
Antwerp...........
6.„
Ghent, v.Antw’p.d.
Gents net per 100 lbs.
Mon.
Tues.
bsaha,
...
25t
....
301
632
18®®64
....
25t
..
%
..
231
2'it
251
3tt
32t
...
301
6sa
5S2
S33
...
23t
25!
2 5t
34t
32t
Pence.
Wednes. Thurs.
18®964
...
251
.. . .
H
...
23 1
25f
251
3 It
321
....
30t
532
>8
532
§ And 5
Fry
964^5.i2 904®53fc
...
.. . .
30f
3 0 ’«
..
9eC
®64"
....
....
>4
....
.....
27t
27 r
38f
38t
3lft
3ie
...
...
“32
53I
B32
632
18'®964 1«®
5^»
8*9116*
per cent.
THE CHH0N1ULE.
S eptember 5, 1886.)
L iv e r p o o l ,— B y c a b le f r o m L iv e r p o o l w e h a v e t h e f o llo w in g
s ta t e m e n t o f t h e w e e k ’s s a le s , s t o c k s . & c ., a t t h a t p o r t .
A ug. 1 4
S a le s o f t h e w e e k ............ h a le s O f w h ic h e x p o r t e r s t o o k —
O f w h ic h s p e c u l a t o r s t o o t .
S a le s A m e r i c a n . . ...........................
A c t u a l e x p o r t ..................................
F o r w a r d s * !........................................
T o t a l s t o c k — E s t i m a t e d .............
O f w h ic h A m e r ic a n —E s tta iM
T o t a l i m p o r t o f t h e w e e k .......... I
O f w h ic h American ...................
A m o u n t a f lo a t ............... - ......... .......
O f w h ic h A m e r ic a n ..................
4 3 ,0 0 0
1 ,2 0 0
2 ,4 0 0
3 6 ,0 0 0
4 ,0 0 0
4 8 ,0 0 0
5 8 2 .0 0 0
4 4 9 ,0 0 0
3 ,0 0 0
5 .0 0 0
3 3 ,0 0 0
3 0 ,0 0 0
Aug. 2 1 .
A ug 2 8
3 6 ,0 0 0
1 ,0 0 0
1 ,9 0 0
2 9 ,0 0 0
4 ,0 0 0
4 6 ,0 0 0
5 1 9 ,0 0 0
4 1 9 ,0 0 0
1 7 ,0 0 0
1 3 ,0 0 0
3 3 ,0 0 0
3 0 ,0 0 0
Sept. 4
4 0 .0 0 0
1 ,8 0 0
3 6 .0 0 0
3 3 .0 0 0
3 ,0 0 0
4 5 .0 0 0
5 1 5 .0 0 0
3 8 7 .0 0 0
1 4 .0 0 0
3 1 .0 0 0
4 0 .0 0 0
4 3 2 .0 0 0
3 3 7 .0 0 0
1 4 .0 0 0
3 7 .0 0 0
3 3 .0 0 0
1 9 .0 0 0
4 5 .0 0 0
1.200
1,100
2,100
6,000
11.000
11.000
The tone o f the Liverpool market for spots and futures each
day of the week ending Sept. 1 and the dally closing prices
o f spot cotton, have been as follows.
Saturday Monday. Tuesday. Wed-day. Thursd-y. Friday
Spot,
M a rk et. {
1 :4 5 r . M. \
Q nlet.
M lt U J p l’d s .
4%
S a l e s .............
S pec. A e x p .
Futures,
M a rk et,
1 :4 5 e .
M a rk et,
4 f . M.
E asier.
4 ,0 0 0
500
Firm .
4 *W
4%
7 ,0 0 0
50*i
'7 . 0 0 0
500
teady ai S tea d y at
I S
luuHfUt* 4 *H *« S SI
d eclin e
.J c e S W
1
: dfcifltfjr.
(
QmltsU
M oderate
dem and.
M ore
inquiry.
M oderate
d em an d.
4%
8.000
500
4 » is
49*89
9 ,0 0 0
500
7 ,0 0 0
500
fa n m
S tm o * a
7 -6 4 # M I
*4r*t*o*-
Steady.
S te a d y at
JMH 4> 4-81
ad ra n e e .
Irregular.
Q uiet.
Q atet and
stead y.
B arely
* t«a d y .
W J*
The prices of futures at Liverpool for each day are given
below,' Prices are on the ba«ii o f Uplands, Low Middling
clause, unless otherwise stated.
n r The p rices a re g iv en in pence and O U * .
3
•! J SM „ and
4 01
menus 4 l -0 Id.
Sat nr*
,% n ,
T ow ,
W e*.
Thus:
3 6 3 means
Thar**.
F r l.
A ttg. 29 to
12% l H im 4 1:45 4 1:45 4 1:45 4 1:4.5 4
Sept. 4 .
I*. M. P. M P. M»|F.» . P, M. P. H. P. i f . I*. if. P.M. P. M. P. M. P.M.
August.......
Aug.-Slept...
Stept-Oct...
Oct.-H.)v .. .
HOT.-Dee...
D ee.-Jan...
Jrni .Feb ...
Fob-Marsh..
Mch.-AprllApril-M ay..
M ay-Jane..
Jun eJiiiy,.
d.
d.
d.
d.
d. d.
d. cf. d. d.
1 10 l 17 4 14! 1 i 1 .............
4 11 4 14 4 0 - l 09 4 10 l 22 4 32 1 32 4 36 l 36
4 06 l 09 l 08 4 02 4 10 4 15 4 25 l 2 « 1 30 t 29
4 01 4 0 ; 4 01j4 01 4 09 4 14 4 24 4 24 4 27(4 27
4 03 1 00 4 00 4 00 l 03 4 13 1 23 4 23 4 2 6 4 20
4 03 4 00 4 00 4 00 4 03 4 13 t 22 4 23 4 26 » 25
t 03 4 06 4 00 1 00 l 08 4 13 4 23 1 23 1 26 4 25
4 04 4 00 l 02 1 01 4 00 4 14, t 23 4 24 4 27 4 20
4 05 1 07 4 02 l 02: 4 1 0 l IS 4 24 4 25 4 29 4 27
1 05 4 09 l 03 l 03 4 11 l 16 4 25 l 36 4 2 - 4 29
1 00 1 09 4 0 1 4 0 t t 12 4 17 l 20 t 27 1 30 1 29
d.
a.
4 3 9 ,43.3
4 31:4 31
4 29 4 29
i 8 7 1 87
l 27 1 27
4 27 4 27
4 27 4 27
4 29.4 .9
4 29**29
4 3 0 4 HU
4 3 1 : 4 30
8 R E A D S T U F F S .
F r i d a y , September 4, 1896.
There ha* been a quiet market for wheat flour. The home
trade has been a slow buyer, and exclusive of m >derate sates
to the West ladies the amount of business translated for
export has been small, although there have been orders in the
market for the United Kingdom, but owing to scarcity o f
freight room and higher rates asked nothing o f important: e
was accomplished. Only a j sbbing business has been trans
acted in rye flour but prices have held steaiy, Corn meat has
been in Itmite l request at steady prices. To-day tbe market
for wheat Hour was quiet but steady.
There has been a limited amount of activity to the spec iiative dealings in the market for wheat futures, bat the tend ency of prices has been downward, as there has been general
selling prompted by dull and easier foreign advices and a
free movement of the crop at the Northwest. Yesterday,
however, there was a rally in prices on a de nand from
“ shorts ” to cover contracts, stimulated by reports of d image
to the Russian crop and stronger foreign markets. In the
spot market shippers have been fair buyers at a de
cline ia prices. The business transacted yeiterdiy in
clude*! No. 1 Northern, Duluth, at 6S>£9<J$*:£o. f.o.b ,
afloat, and No, t hard Duluth at 87*^o. f.o.b. afljit. Toe
export demand, however, has been checked to a considerable
extent by scarcity o f ocean freights bence ana from oth* r
porta. To-day the market was quiet and easier under disaopoi&ting foreign advices and selling for Western account.
The spot market was molerately active at slightly lower
prices. The sales included No, 2 red winter at fiO‘g'c. f.o,b.
afloat, No. 1 Northern Duluth at
%o. f.o.b. afloat and
No. 1 hatd Duluth at 67 : c. f.o.b. ado it.
o a h ,t
cto srx o ra tc*s or so . 2
S e p t e m b e r d e liv e r y .
O c t o b e r d e l i v e r y . . ..
D e c e m b e r d e l iv e r y .
M a y d e l i v e r y .. . . . . . .
gal.
Mon.
61%
65
07
709,
03%
01%
m\
7 0 <4
m d
w ih t b b w h e a t .
Tries.
62%
83%
05 91
69%
Wed.
82%
63
05
09%
Thurt
m .
63%
03 %
m
09%
6 3 ’,
65%
69
413
There has been a quiet market for Indian corn futures and
free offerings prompted by continued heavy receipts and fav
orable crop prospects caused a steady decline in prices, al
though yesterday buying by shorts to cover contracts stimu
lated by the advance in wheat caused a fractional advance.
The spot market has been active as both shippers and the
home trade have been buyers. The sales yesterday included
No. 3 mixed at 37c. delivered and WS%G. f. o. b. afloat, No. 3
white at 29}£c. f. o. b, afloat, and No. 3 yellow at 30)^e. f. o.
b. afloat. To-day the market was quiet and prices further
declined under free offerings. The spot market was quiet
and easier. The sales included No. 3 mixed at 36c. in eleva
tor and 37*^@37 ‘4'c. f. o. b. afloat.
u n i .1 etosiH O raio B s o r h o . 2 m i x e d g o s h .
Sat
Mon.
Tuts.
Wed. Thurs.
26%
25%
S e p te m b e r d e liv e r y . . . .
2(3
25%
26%
26%
O c t o b e r d e l i v e r y ............
27%
27
26%
26%
23%
D e c e m b e r d e l i v e r y ___ *0 . 28%
27%
27%
27%
30%
S ta y d e l i v e r y .............
31%
30%
30%
30%
Fr».
25%
26%
27%
30
Oats for future delivery h ive bean dull and prices have de
clined in the absence of speculative support and in sympathy
with the weakness of wheat and corn. The spot market has
been fairly active but at a further decline in prices. The
home trade has been the principal buyer. The sales yes
terday included No. 3 mixed at W { c . in elevator and No.
3 white at 21' fa. in elevator. To-day there was a quiet and
easier market. The sp it market was moderatelv active. The
sales included No. 3 mixed in elevator at l'J'jC. and No. 3
white at 33c, in elevator.
o A ti.r OLoaiHO p h io s s or h o . 2 m i x e d o a m .
Bat.
S e p t e m b e r d e l i v e r y . . .. 0 ,
O c t o b e r d e l iv e r y . . . . . .,0 .
D e c e m b e r d e l i v e r y . . . , .. e .
ifo n .
20
20%
21%
20%
20%
....
Tuts.
Wed.
Thurs.
19%
20%
21%
19%
19%
20%
19%
20
21
# V i.
19%
19%
20%
Rye and barley have been quiet but steady.
The following are closing quotations:
floor
f i n e . . . , .............. $ b b l . * 1 G 0 » 2 0 0 P a t e n t , w i n t e r ..............$ 3 3 5 a 3 6 5
J a p «r n * < e ......................... I 7 0 a 2 1 0 : C it y m i l l , e x t r a , ......... 3 S O ® 3 8 5
E x t r a , S o . 2 ................. t 2 0 0 2 3 0 R y e flo u r , a u p e r f l e e ..
2 2 5 a 2 GO
S x t r a , So. 1 . . . ............. 2 4 0 ® 2 0 5 B u e k w h e a t f l o u r .........
....
h e a r s ............................ ..
2 5 0 » 3 10 C o rn m e a l—
I t r a i k h t s .................
3 15a 3 4 0
W e s t e r n , A c ............... 1 9 0 a 2 0 0
(■atent, s p r i n g ............
3 4 0 a 3 75
B r a n d y w i n e ...............
2 05
(W h e a t f l o o r in s a c k # s e ll s a t p r i c e s b e l o w t h o s e t o r b a r r e l s . ]
OBAUi.
W h e a t—
S p r in g , p e r
o.
: C orn , p e r b u sh —
e.
« 68
W est’ n m i x e d .. ..— 2 3 % l»
G-lfea 6 0 ' s ! No. 2 mixed........... 25% a
>» 6 7
W estern y e l l o w ... 2 6 a
R e d w i n t e r .......... .... 6 1
W h i t e ......................... a
....
W estern W h it e .... 2 6 a
J a t s — M ix e d , p e r b n . 16 « 2 0 % R y e a 29
W e s t e r n , p e r bush. 3 9 a
W h i t e ......................... 2 0
H o , 2 m i x e d ............
10% a 20%
S ta te a n d J e r s e y ..
10 •»
H o . 2 w h i t e ............... 2 3
<» 2 *
B a r t e r — W e s t e r n ____
35 a
F e e d in g ............ ........
32 a
bash.,
Red winter So. 2 ..
e.
G1
e.
28
27%
29
29
10%
41
39
33
The movement of bread-tuffs to market as indicated in the
statements below is furnished to us by the Statistician of the
New York Produce Exchange W e first give tne receipts at
Western lake and river ports, arranged so as to present the
comparative movement for the week ending Aug. 39, 1896,
and ai ee August 1, for each o f the last three years:
R6S0tj&g£>-~
Chim%g>t, ...
M ilw aukee.
D a la t h .......
M in Yaap fH*»
T o le lu . .. .
(MU.
Burley,
tom s. ! i r s e i i . ; Own,
Rye.
Tihs I9*l’6 . BuskJXt In liath.gUlu Bu&MMlb* Brniu 48Uu ButhM lbs
i7M 0
8 » , l ■#( i j m m
%Ub,77\
132.503
47,878
siri.orn
M%$m\
50,125
4»JIWI
l5rt.H-J*>
12 -.475
70,511
40,403
1 M.8II*
UM*
991,080
188,600
m jm
iw.<m
»
58,?00
18,700
25,8‘.K
>
.
.
.
.
.
.
u w ;
mtrmiUe.r.r
5.71W
Sfc. JEiMttft...
Puf.jria .
K »n -a s City
149.470:
8,3% !
T i*tlSa!
m so 0 :
tt& ,so [
8.6-85
878,400
20t,000
188,000
60,577
5,451
201.TOO
m m
84000
9,800
MU
a i.ia e
88.66**
« .}
.....
2.900
4,004
y
*J9.»4»M **j
3W,*5*a,
4.706.67*
M IN U S '
A.«48.83>
2.9JS.S4S
2.113, *>31
1,911, * ! «
4,131.2.%
8,888,163
,
393,211
299,741
975,78 1
161,195
91,416
75.189
T o L w k .W
S ym ow k.T ,:
S.tma w%m
inn A jy .l
1,183. Wt
I6.47H.S97
t m .. .. .
1SH . . . . . .
37 . s u
w,am .tr, 14,710.378
1 0 .o n .l4 l
1/> S i \>
11,85 ».05^
ll.7 W .W i
«%a,3J
581,76:1
1,905,181
618,971
985,732
214,001
The receipts o f Hour uni grain at the seaboard ports for the
week ended Aug, 29, 1896, follow:
_
FS'h w ,
-a; —
w ■
Now T o r t ............
B oston ....................
M on treal....................
Philadelphia............
M t if f lo r e . . . ..........
R ic h m o n d ............
S e w O r t a a t ii...........
U * ,:m
A«,riO
S V «»
2*. 7.M
77.7" *
4.5*11
5.001
T o ta l w e e k .........
w o s k f M S .................
858,706
« a .m
H - . 'i f .
Omen,
O ff#,
fliriey.
fll/r,
fn ish .
tjn sh ,
bm h;
b u sh
bu sh .
71,1.7 11 LSI,1.-24
151,184
U s.H fl
4V*7«
" ’ *1.1:rt
179.410
H \M »
S b l.m
7AI.1U
2I.7S1
w in s
M .5 «
1 iv t t t
LlflW '48
i .-w -. m
!>-**. !».>
-I!,**?*
»I*H !
147,183
131,123
31,104
8,100
134,5*13
l.tri'U*! I L455.6WI
*,**
? s :v * w
155,800
* .w i
i. s iv
68,200
.................
21.05*
S *»
.........
40,07*
ME
...............................
120,587
i7 .t » i
‘tne total receipts at ports named in last table from Jan, 1
to Aug. 29 comp i r e as follows for four years:
liKSiVtSOfiso**.
r i o t i r , , , . . . . , M l t m
1*05.
H .StS.TSl
Wheat...........hath. 85.77.i5a4
?3~>*.7i0
’ ......
.............
.............
"
'
67 i n . - 8 14 814137
siookflil
39*472,053
20.t94.298
*5,501,517
37.70S.8S0
80.001,000
1)3,501,081
J jW R
are,.;
T o » « t x r * in ...................
m tu
13,100.031
1898.
18,184,003
*14,901,703
8«.0:M»,4»l
Rl 593.417
m
IM .107,652
THE CHRONICLE.
414
The exports from the several seaboard ports for the week
1
nn 4nAit
1
____ : _ i-hn n n n n vn f) oto fo m o n f.*
Pea8,
five,
Oats,
Flour,
bush
bus'-.
this.
bush.
2,077
118,272 115.500 128.540
93,9'>7
42.042
28.438
24,868
70.872 341,382
1,550
50,000
2l*2l
8 «,933
Newport Nows.
31,040
9.L58 323,155
583.020
33,717
....1, '77,057 3,141,384 384,997 937,550 153.408
11,330
91,539
1,151,962 193,117
The destination of these exports for the week and since
September 1, 1895, is as below.
W e add the totals for the
corresponding periods of last year for comparison:
‘■Wheat.-------. --------Corn.—- — .
■--------Flour.-------- Week Since Sevt, Week Sines Sept. Week Since Sj t.
E x p o r ts fo r
Aug. 29. 1. 1896.
A uq. 29. 1, 1895.
Auj.
29..
so u k a n d s in
—
». —
-U
- -1895.
--bush.
bush.
bush.
bash.
8 ept. 1 to—
bbls
bbl*.
50. 41,811
tJnltod Kingdom 311,578 8,205,066 1,090,178 37,480,272 1,950,831 39.8
8,045
Continent......... 21,808 1,109,628 2133,918 11,471,388 1,108,732
671.557
27,993
1.490
8. AC. America.. 26,301 1,394,506
912.580
3,500
72.302
West Iudles...... 15,938 1,121.538
429.6 >7
3,600
0,140
Brit. N. A. Col’s.
7,829
338,327
1,829 2,094,640
16,961 1,447,180
Other countries..
1,513
179,585
Total ...____ 384.997 12,410,740 1,377,057 50.442,924 3,141.384 94.917,860
Total 1895......... 193,117 12,343.909 040,781 44,421,316 1,151,902 32.lll.120
The visible supply of grain, comprising the stocks in
granary at the principal points of accumulation at lake and
seaboard ports, Aug. 29, 1896, was as follows:
Baritv,
Rue,
Oats
Wheats
bush.
bush.
In fibre at—
bush.
22,000
88.000
1,338,000 1,603.000
New \oi•k................ 2,348,000
152,000
8,000
80,000
Do afloat........
60,000
25,000
200,000
109.00U
’ 1,205,000
230,000
434,000
Buffalo.
afloat.......
Do
28,000
358,000
12.902.066
5,718,000 1,892^000
Chicago
Do * afloat.......
38,666
236,000
1,000
Mil waukee...............! 293,WO
afloat.......
Do
234,000
232,000
155,66o
20,000
Duluth.
afloat.......
Do
04,666
107,000
212,666
796,000
Toledo..
Do afloat........
32,666
50,666
29,666
Detroit.
Do afloat........
95,000
33,000
30,000
Oswego.
815.000
103,000
18,000
8t. Louis................. 2,931,000
Do afloat........
12,000
4,000
11,000
1,000
Cincinnati................
9,000
622,000
228,000
Boston..... .............. 1,029,000
65,000
22,000
Toronto..............
108,000
187,000
36,000
56,000
Montreal................. 237,000
231,000
150,000
Philadelphia............ 470,000
00,000
381,000
18,000
3,000
Peoria..................... 166,000
61,000
Indianapolis............ 403,000
23,000
87,000
52,000
Kansas City.............. 781,000
20^,000
1,469.000
Baltimore........... ... 1,291,000
44,000
12,000
126,000
Minneapolis............. 11,660,000
43,000
10,000
124,000
On Mississippi River. 100,000
33,000
2,411,000
On Lakes................. 2,249,000
701,000
103,000
92,000
274,000
On canal and river... 1,272,000
531,000
338,000
20,000
Total Ang.29,1890.45,574.000 13,904,000 0.735,000 1,690,000
740,000
Total Aug.22,1896.45.189,000 14,100,000 6,907,000 1,676,000
708,000
Total Aug.31,1895.35.440.000
5.412,000 3,411,000
445,000
99,000
3.151,000 7.204.000
Total Sop. 1,1894.0V.)49,000
303,000
569,000
Total Sep. 2,1893.50,852,000
5,547,000 3,933,000
304,000
351,000
Wheat,
bush.
Exports fromNew Fork........ .... 2 9.227
Boaton............ .... 331,164
Galre*ton......
TH E
Com,
bush.
539.170
234,2J5
127.01*4
473,740
503.430
DRY
GOODS
TRADE.
Great Britain......
Other European..
China...................
India.............. .
Arabia.................
Africa.................
West Indies........ !
Mexico..................
Central America..
Booth Amerioa...
Other Countries..
*
1896.
1895.
Week. Since Jan. 1.
Week. Since Jan. 1.
A do. 31.
126
3
6,713
1,091
475
142
15
279
2,596
6
2.282
2,000
79,916
3,526
20,890
11,044
8,384
1,935
6,211
33,858
2,775
Total............................... 11,116
China, via Vancouver",..'
175,821
23,514
3,225
137,956
16,975
Total................................ 11,416
199,335
FromNew England mill points direot.
3,225
154.931
240
14
100
126
319
28
163
2,143
92
3,618
1,908
38,421
3,693
16,052
6,217
11,834
1,963
7,818
41,170
5,262
726.000
653.000
Im p o rta tio n s an d W areliouse "W ith d raw als o f D ry G oods.
The importations and warehouse withdrawals of dry goo< s
at this port for the week ending Sept. 3, 1896, and sint e
January 1, 1896, and for the corresponding periods of latt
year are as follows:
M
CO
M
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F oreign D r y G oods — There has been a considerable
amount of general business transacted in foreign merchan
dise this week through the medium of small orders for
seasonable lines. The demand for men’s-wear goods, dress
goods or silks for next spring has been indifferent.
Manufactures of—
W ool....................
C otton ..........
Bilk..... .................
New Y ork
Total stock (D ieoes)....1,949,000
W oolen G oods. —In dress goods there has been little of
interest outside of the auction sale referred to abovty and the
effect of that has not been in the direction of improvement,
The regular demand for both staple and fancy dress goods
has been indifferent and most sellers are easy to deal with.
In men’s-wear fabrics the situation is without materiil
change. The demand has not improved in anv direction and
aggregate business continues disappointing. There is no quo
table change in prices, but the market all around is an easy one
to buy in in both all-wool and all-worsted staples and fancies.
A number of mills which took orders early in the season in
the hope of securing enough to re commence running on have
notified buyers that they have decided not to start up again.
These orders will have to be re-placad elsewhere. The over
coating business continues slow but a fair demand comes
forward from the cloaking trade. Flannels and blankets are
without change in any respect.
T ota l ................ 1 2,099
Ent’ d f or consumpt 11,066
D omestic C otton G ooDS-The exports of cotton goods
from this port for the week ending Aug. 31 were 11,446
packages, valued at $461,254, their destination being to the
points specified in the tables below:
The value of the New York exports for the year to date has
been $7,746,978 in 1896 against $6,168,424 in 1895.
The actual demand for brown sheetings and drills has
been moderate, but in face of this sellers are occasionally ad
vancing stock goods 4£c. per yard. They are exceedingly
reserved over forward business and buyers have some diffi
culty in discovering what the market actually is for goods to
be made. In coarse, colored cottons there have been oc
casional advances of J^c. in tickings, cheviots, checks and
stripes and plaids. Denims firmly maintain the advances
noted last week. The demand has shown little improvement,
but stocks are limited and current production light. Bleached
cottons are very steady and selling fairly in the way of small
ordeis. Kid-finished cambrics slow at previous prices. W ide
Bheetings quietly steady, as are cotton flannels and blankets.
Fancy prints have been in good request; other regular prints
in fair demand. Fine specialties selling well, prices steady.
Amoskeag staple ginghams advanced l£c. per yard. Staples
generally in good shapa, but dress styles slow and irregular.
Print cloths close with sellers refusing to accept 2J^c. for
regulars in any position.
Odds l-16c. dearer.
Business
moderate.
1896.
1895.
1894.
1893.
Stock o f Print Otothe—
Aug. 29. Aug. 31.
Sept. 1.
Sept. 2.
At Providence, 64 Bquares. 359.000 . 103,000
179.000 173,00c
18,000
At Pall River, 64 squares.. 892.000
361.000 / .on OOO
186.000 \ 4sy,000
60,000
At Fall River, odd sizes___ 697.000
Total Imports ........
N e w Y o k e , F r i d a y , P . M ., Sept. 4, 1896.
An important auction sale of dress goods, mohairs, serges
and other staple lines was held on Wednesday, when 1,7 jO
oases, valued at about $750,000, the product of the Arlington
Mills, were disposed of. The average range of prices was
low, fully 20 per cent under agents’ selling prices, and the
sale hardly came up to expectations. In the regular market
there has been no new feature of prominence. Buyers have
been in fair attendance, a good spot business has been done
by jobbers and a moderate one at first hands. The supply of
orders from salesmen on the road and otherwise has, how
ever, been good all around, and in one way or the other there
are more buyers operating now than for a considerable tim i
past. They are, however, still adhering to a hand-to-mouth
policy in their purchases. The tone of the cotton goods mar
ket is stronger, in sympathy with the renewed advance in
cotton and with perceptibly decreasing stocks in some direc
tions, and occasional advances are reported. Woolen goods,
however, show no improvement and continue dull and easy
to buy.
J
[VOL. L.XIII,
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ss§1
THE CHRONICLE
S eptember 5, 1396. j
8 tj*t £ * hip C ity p t r A E T M m .
TER m¥~ O F’ s’u i s c Rl P T 10 N~
T he IiTTE3T0RSJ S upplement will be furnished
without extra charge to every annual subscriber of tbe
OOifVCERCIAL ASD FlXASOIAA CHRONICLE.
T h e State a n d C it y S cpple h e x t will also be fur
nished without extra charge to every subscriber of the
C h ron icle .
T he Street R a il w a y S upplement will likewise
be furnished without extra charge to every subscriber
of the Ch r o n ic le .
T he Q uotation S c pp le h e x t , issued monthly, will
aiso be furnished
without extra charge
to every sub
scriber of the CfIROSTOLE.
TERMS for the C hrostole with the four Supple
ments above named are Ten ollars within the United
States and Twelve Dollars in Europe, wnich in both
cases includes postage. _______
Terms of Advertising— Per loch space.!
One tune .............................
One Monts
(4 times)-.
Two Months
(8 times)..
(The above term* for one
S3 501 Tar Month* (1 3 Mm#*)..*25 GO
1 1 0 0:9 1 1 oaths
(28 thaesi
43 00
Is <>0 i Twelve MnalDs i52 Hi® - .. 58 00
month and onward arw for standing oard*.
B o n d P ro p o sal* a n d \ eg otla tto n e . —We have re
ceived through the week the following notices of bondsrecently negotiated and bonds offered and to be offered for
■ala,
Allegheny, Pa.—Bond Offering. — Proposals will be re
ceived until Sept. «. 1S98, by L. J. L. Peoples. 811 Times
Building, Pittsburg, Pa., for the purchase of $50,000 of pub
lic school building bond*.
Bnmh-rg, H, t ; —Bonds Authorized,—% is reported that
electric-hgut bond# of this city have been voted.
Barnesvtlie, Ga,—Bond Salt.—The town of Barnesville has
■old 115,000 of 0 per cent gold bonds issued for electric lights.
BlueitetMer, Ohio.—Bond Offering.—Having failed to sell
430.OO0 of 5 per cent water-works and electric light bonds
the viil ige c,l Blanchester ba» decided to advance tbe rate of
interest on the loan to <5per cent and to make tbe securities
redeemable in gold. Bids will again be asked for until tbe
latter pan of this month. Tbe principal of the loan is to
mature a- follows:
On® l* nd for tbe sum of 4?,COO. due Sept. 15, 1906, and one
$1,000 bond due on the 15th day of September each year there
after, up to and including the year 1015. A bo one bond of
$2,000 due Sept, 15, 1918, and one for $2,000 on the 15th day
of September each year thereafter up to and including the
year i 925, Interest due and payable on the 15th day o f March
and September each year, the hist interest being due March
The assess* d valuation of this village is $835,000, the real
valuation (estimated'$950,000, and the population, according
to local figures, 1,700,
Boston, Mas#.—Temporary Loan —City Treasurer Alfred
T, Turner reports to the Ch Romoc * regarding temporary loan*
o f the city recently placed that from tbe 14th to tbe last of
August there was issued $618,800 at 4t£ and 5 per cent per
annum to parties offering money at the Treasurer’# office.
So far this month there has been issued $221,600 at 5 per
cent There still remain* several hundred thousand to be
issued at the rate of 4)£ per cent for amounts under $H),U00
and 5 per cent for amount* above tbar mm.
Cheater, Pa.—Bond Offering. —ProposaI< will be rec- tved
until 12 o'clock (noon) Sept. 10, 1390, by Frank W . Harris)#,
City Clerk. for the purchase of $80,0(30 of l per cent coupon
bonds of the city at Chester. The securities will be issued in
denominations of $500 each, payable in gold coin or its equiva
lent at the office of the City Treasurer. Interest on the binds
will be payable semi annually and the principal will mature
in 1928, subjtct to call after 1906.
Cleveland, Onto.— Bonds Authorized.-S ew er bonds of
this city to tie amount of $ 173,000 have been autboriz d. On
Sept. 15 bids for the purchase of $300,000 of water-work? ex
tension bonds will be opened and on the day following for
$250,000 of park bonds. Several weeks a g o the city -old
$376,000 of refunding bonds to lienors. Far- « , l^ach & Co..
of Mew York, for a total premium of $1,900. The c-curities
hear 4 per cent interest.
Cook County, 111.—Boncf Election.—The people o f Cook
County will vote on tbe proposition to issue 1 per cent 20-
415
East Palestine. Ohio.—Bond Election.—Water-works ex
tension bonds of East Palestine to the amount of $3,500 will'
soon be voted on.
Everett, Mass.—Note Sale.—It is reported that §50,975 of
Everett
per cent gold notes have been awarded to Blodget, Merritt & Co. ac 100 29 Other bids were: E. H. Rol
lins & Sons, oar and §1,750 commission ; Elgerly & Crocker,
par and §1,780 commission. The average maturity of the ob
ligations is about
years.
Galveston County, Tex.—Bonds Authorized. —Court-House
and Jail bonds of this county to the amount of §50,000 have
been voted.
Geneva, N. ¥.—Bond Offering.—Proposals will be received
until September 8, 1898, by F. W. Whitwell, Village Treas
urer, for the purchase of §80,000 of sewer bonds.
Glencoe. Minn.—Bond Election—On September 8,1896, the
people of this place will vote on the question of issuing.
§25,000 o f water-works bonds.
Green Township, Hamilton County. Ohio —Bond Offering.
—Proposals will be received until 12 o’clock (noon) Sept. 31,
1896, by Scott Getzmdanner, Clerk of Board o f Educition,
Green Township, Cheviot, Ohio, for the purchase of $3,000 of
sub-school district bonds. The bonds will be issued in denom
inations of §100 each; they will bear interest at the rate of 6
percent, payable semi-annu illy, and the principal will ma
ture in from two to seven years at the rate of $500 yearly,
Juliet, 111.—Bonds Defeated.—The people of Joliet have
voted down th<- proposition to issue water Honda for §300,000,
A special election was held on August 25th to decide the
question.
Laurens, S. f'.—Bond Election.— Water-works and electriclight bonds of Laurens are soon to be voted on.
MadibonviUe, Ohio.—Bond Sale.—On September 1, Dr. G.
L. Kriegi-r, Clerk of the Board of Education of the village
school district of Madisonville, Ohio, received two bids for
$2,500 of -5 per cent refunding bonds, payable at the rate o f
$500 yearly from June 31), 1901. to June 80, 1005, both in
clusive The German National Bank of Cincinnati and the
Dockland National Bank of Dockland, Otiio, each offered par
for th.- securities. Interest on th« loan will be payable semi
annually at the Fourth National Bank of Cincinnati, Ohio.
Mar.on County, Mis-.—Bond Election.—On Sept 25, 1896,
bridge bond* of this county to the amount of §20,000 will be
voted on.
Newbury, S. V.—Bonds Authorized,—The people o f this
place have voted in favor of issuing bonds for tile purpose of
erecting water-works and electric-light plant.
Newport, R, I.—Bonds Proposed.—Tbe citizens of Newport
will be n-ked to vote at the coming eiec'ion on the proposi
tion to issue hoods for the purpose of erecting and equip
ping a fire station,
Peoria, 111. -Bond- Unsaid—The city of Peoria failed to
sell the $125,009 of 6 per cent street improvement bonds which
w* re offered on September 1, 1898. all the bids received being
unvatisfsetory.
Portsmouth, N. II.—Bond Sale.—The city of Portsmouth,
N. H., this week op*med bids for $144,000 4 per cent 20 year
bonds. Securities to tbe amount of §19.003 were award® 1 to
local bidders at an average price of 101. Bids for $17,000
wire rejected.
Scranton, Iowa.—Bond* Authorised—Water-works bonds
of Scranton to the amount of §4,500 have been issued.
Tlftta, Ohio.—Bond b a le-O n Sept. 1 school bonds to the
amount of $7,000 were sold for $7,003. The securities bear
6 per cent interest and run for eight years.
West Newton, Pa.—Bond Election,—It is reported that on
Sept. 12, 1898, the question o f issuing $14,500 of paving bonds
of this place will be voted on.
West IVlusted, Conn.—Bond Sale.—West Winsted has sold
$100,000 of 4 p r cent water bonds at 102 50.
Whitest one, L. I., N. V.—Bonds Proposed,—Bonds o f this
village to the amount of $50,000 for the improvement of the
streets and avenues of the village have been proposed.
Wilke# County Ga.—Bowl Sale.—It is reported from
Washington, Ga., that railroad bonds to the amount of $40,000 have been sold.
W lathrop. Hum.—Temporary Loan.—The Town Treasurer
of Wfnthrop has been authorized to borrow $30,000 in antici
pation of taxes,
STATE
A N D C IT Y
D E B T CHAN GES.
We subjoin reports as to municipal debts received sines
tbe last publication of our State and City Supplemknt.
Some of these reports are wholly new and others cover items
of information additional to thoss given in the S upplement
and of interest to investors.
Brooklyn, N. T,—Feeoerick W, W ctbstbb, Mayor. Below
13 a s atemeni concerning the financial condition of Brooklyn,
Ragle Grove, Iowa.—Bond* Proposed.—Etgle drove will
offer $o,0O0 of electric-light plant bond t within a short time. Corrected to August 1. 1896, by means of a special report to
East Cleveland, Ohio.—Bond Offering—-Proposal# will be the Chronicle from George W. Palmer, Comptroller :
The city row covers the entire area of the old county of
received unt il September 18, 1888, by H. B. Chapman, Village
Clerk, for the purchase of $35,000 of water-works bend*.
Kings on account of the consolidation of the county governyear court-house bond* for $800,003 at the November election.
416
THE CHR0N1CIE.
ment with that of the city on January 1, 1896, under the pro
visions of Chapter 954 of the Laws of 1895. Under the provi
sions of this act “ the debt of the said county shall not be
deemed to be, or be included as, a part of the debt of the
City of Brooklyn within the meaning of the provision of the
Constitution of the State of New York limiting the power of
cities to incur indebtedness.” (See CHRONICLE, vol. 62, p. 49.)
The towns of Fiatbush, New Utrecht and Gravesend were
annexed to the City of Brooklyn in 1894, and the town of
Flatlands became a ward of the city on the first day of Janu
ary, 1896 ; but the city does not assume any obligations in
curred by tie towns prior to their annexation.
-Principal.LOAN S— Interest.— .
Outstand’g.
When Due.
NAME AND PURPOSE.
Hate. Payable.
July 1, 1923 $1,650,000
Arrearage 10-lOs................ 4
J & J
700,000
May 1, 1924
10-40e................ 3*2 J A J
do
Suhjeot to call.
549,000
July 1, 1924
J & J
do
county ta xes... 4
43,000
July 1, 1905
J & J
Asphalt repaving bonds... 4
B r id g e
bo n d s—
LOAN S-
fVoL. l x i i i .
NAME AND PURPOSE
Se w e r B onds
an d
,— Interest.— ,
Rate. Payable.
C e r t if ic a t e s
of
---------- Principal.---------- .
When Due.
OutstaiuPg.
1) eht :
Sewerage fund................ 4
J & J
1897
$250,000
do
1T 4
J & J Jan. 1, 1897 s.f.30,000
do
............ IF 4
J & J Jan. 1, 1898 s . f 30,000
do
............ IF 4
J & J Jan. 1, 1899 s . f 30,000
do
.......... . ... 3 ^ . 1 & J
Jan. 1, 1900
12,000
do
........... ... 3% gJ & .1
May 1, 1901
24,000
do Con. g. stock.. ... 3*2 J & J Jan. 1, 1925
250,000
do
... 3^2 J & J Jan. 1, 1936
75,000
do
.. 3% J & J Jan. 1, 1898 s.f.100,000
Sewerage,Flatb.S.Ases. IF 3H M & N Nov. 1, 1897 s.f.$16,000
do
do
IF3ie J & J Aug. 1,
1900 s.f.10,000
do
do
IF Stig.F A A $ A$^
01»0 ^ ;0 G|
35,000
Of this loan $15,000 is in the sinking fund.
An
Ar A i
10 '
do
do
3qi_
is FT? A
A J $1(f>(KJ01907-’
y e a rly
40.000
do
do
do
QO
do BondsTT 3 ^ F A A
Aug. 1, 1910-’ i l
2,000
Aug. •1,
13
do
If 3*2 F A A
" 1912-’
------12.000
do
11 3>2 F & A
Aug. 1, 1914-’ 19
30,000
Aug. 1, 1920
do
IT 3 ^ F & A
6,000
1905 >
do
Knick.Av.se’r 3*2 J A J . July2,’97,to
$29,000 yearly. $ 256,000
do
do
3
J & J Julyl,1906 & ’07
49,161
Main sewer relief, etc___ 3
J A J July 1, 1908
s.f.90,000
do
do
3
J & J July 1, 1922 a.f.ll7,000
do
do
3 is J & J
1933
s.f.50,000
o
T Si
26 )$ ^400
O
Ort
do
do
6
J
A tJ J£Jnlyl,1923,to’
$100t0oo yearly.
$400>
000
do
do
3ks J A J
1922 to 1927
643.000
Of this loan $250,000 is in the sinking fund.
do
do
.... 4
J & J
200.000
1931 & 1932
Auxilliary (con. g. stk ) 3kj J A J
50,000
Jan. 1, 1925
do
do —
S^g.J & J
Jan. 1, 1936
168,000
Twenty-sixth and aelja-) A
T f T
250.000
1917-’ 19
cent wards..
‘ 4
J & J
do
do
........ 4
J & J
400.000
1920-’23
do
do
........ 4
J & J
Jan. 1, 1926
100.000
do
do
........ 3k> J A J
Jan. 1, 1915-’ 16 200,000
do
do
Jan. 1, 1918
........ 31-2g.J AT. J
45.000
do
do
1892 3k, J & J
Jan. 1, ’ 24-’25
150.000
do
do
........ 3ks J A J
Jan. 1, 1925
50.000
do
do
Jan. 1, 1927
100.000
........ 3kjg.J & J
do
do
Jan. 1, 1914
........ 3g. J & J
149,000
405,000
July 1, 1905
J & J
Brooklyn City bonds
400.000
July 1, 1906
)7
J & J
for
345,000
July
1,
1907
J <fc J
(7
apletion of
100,000
July 1, 1908
7
J A J
do
do
260,000
July
1,
1908
6
J & J
do
do
400,000
July 1, 1909
6
J & J
do
do
440,000
July 1, 1910
6
J <fc J
do
do
400,000
July 1, 1911
6
J <fc J
do
do
July 1, 1912
400.000
6
J & J
do
do
350,000
Julv 1, 1914
6
J & J
do
do
July 1, 1916
300,000
6
J & J
do
do
July 1, 1917
500,000
5
J & J
do
do
July 1, 1918
250.000
5
J & J
do
do
810,000
July 1, 1919
5
J & J
do
do
319,000
July 1, 1920
5
J & J
do
do
July 1, 1921
371,000
4
J & J
do
do
July 1, 1922
400,000
4
J & J
do
do
200,000
July 1, 1923
4
J & J
do
do
Jan. 1, 1925
257,000
4
J & J
do
do
July 1, 1927
300,000 S i t e a n d B u il d in g L o a n s :
4
.1 <fe J
do
do
T ArT 5 Jan.1,'97, to 1903 ) / qr AA/\
Fourth Precinct station.. q
July 1, 1928
356,000
4
J & J
do
do
3
J & J < $5,000 yearly. £ »f35,000
July 1, 1900
50,000
J & J
New York Bridge ....... 7
: July 1 ,1901-’04 )
Memorial monum ent.... 3iag..J & J ^J|Tb 0009 yearly ? ^ 40,000
7
J & J<[ $100,000 year.y $ 400,OdO
do
do
do
Warren Pedestal 3>2g.J & J Jan’. 1, 1906
s.f.4,000
July 1, 1905
71,000
7
J & J
do
do
Municipal site.................. 3
J & JJulyl,1914-’ 15&’ 10sf.265,000
128,000
July 1, 1906
7
J & J
do
do
Public
market.................
4
J
&
J
Jan.l,1920,to’
231,209,000
July 1, 1907
101,000
7
J & J
do
do
Jan. 1, 1924 90,000
do
do ................. 3i2g.J & J
July 1, 1908
50,000
do
7
J & J
do
'do
do
...............If
3
J
&
J
Jan.
1,
1917,’
18&’
19
750,000
July 1, 1909
100,000
7
J & J
do
do
July 1, 1910
100,000
7
J & J
do
do
Public site and const’ ct’n 3
J & j5 Fg^^OCK)2 yearly^ | 500,000
July 1, 1911
50,000
7
do
J & J
do
Of this loan $370,000 is in sinking fund.
July 1 , 1912-’ 16 > 500,000
4
J
& J
Jan 1, 1920
100,000
7
J & J!;[ $100,000
do
do
yearly. >
do
do ..
4
J A J Jan. 1,1920 to ’22 ' 250,000
7
July 1, 1917
91,000
J & j
do
do
do
..
do
3*2 J
&
J
Jan.
1,
1918
100,000
July 1, 1918
105,000
7
J & j
do
do
do
do ..
---- 18921F
3% J & J Jan. 1, 1919
100,000
July 1, 1919
7
104,000
J & j
do
do
do
do .
........
3 ^ J & J Jan. 1, 1923
40,000
7
July 1, 1920
200,000
J & j
do
do
do
do
.
........
3%
J
&
J
Jan.
1,
1
9
2
3
’24
s
.
f
200,000
&
July
1,
1921
181,000
7
J
j
do
do
do
do
.
........
3%
J
&
J
Jan.
1,
1925
s.f.18,000
7- J «fe•j
July 1, 1922
154,000
do
do
do
do .
........
3%g,J & J Jan. 1, 1925
$32,000
July 1, 1924
7
65,000
do
J & j
do
do
do .
1895
3i2g.J & J Jan. 1, 1935
218,000
Jan. 1, 1922
40,000
do terminal improv’s— 3*2 J & j
do
do
.
...............
3*
2g.J
&
J
Jan.
1,
1936232,000
Jan. 1, 1926-31) 600.000
do
do
3ki J &
do
do .
IF 3
J & J
1917-1921
266,000
$ 100,000 y’rly. C
Of
tills
loan
$162,000
is
in
the
sinking
fund.
do
do Con. g. stk. 3ka
3^2 J & j
July 10,1925
100,000
to 1905
do
do
3
Mar. 12,1926
60,000
Sold’rs' and sail’rs’ mon’t 3
J & J [ 1897
Part yearly ^ s f 160,000
do
do
3
J A J
Jan. 1, 1922-’25 360,000
do
do
4
J & J
100,000
June, 1925
Of this loan $60,000 is in the sinking fund,
Station house................... 4
J A J
50.000
Sept. 14, 1904
do
Approach.... 4
J & J
July 1, 1925-’27 275,000
do
do ..................... 3 ^ J & J
Jan. 21,1905 s.f.14,000
do
do ....... 3*2 J & J
Jan. 1, 1923-’27 982,000
do
do
.....................
313
J & D
s.f. 1,000
Deo. 17, 1905
Of this loan $82,000 is in the sinking fund.
do
do ..................... 3 ^ J A J
Mar. 16, 1900 s.f.10,000
do
do ....... 3*2 J & J
July 1, 1923-27 500,000
do
do
3 % .J & J
39.000
May 1, 1906
do
do ....... 3*2 J & J
Jan. 1 , 1928
100,000
do
do ....... 3*2 J & J
Jan. 1, 1929
70,000
N e w E. R. Bdg. con. g.stk. 3 ^ J & J
Jan. 1, 1935
25,000 T a x C e r t if ic a t e s —
do
do
....... 3kug J A J
Jan. 1, 1936
50,000
Tax certificates............... 4
J & J Sept. 26,1896
700,000
Of this amount $500,000 is in the sinking fund.
I m p r o v e m e n t B o n d s .—Various purposes.
Wallabout Market......... 3 ^ J & J Jan. 1, 1903
s.f.10,000
J A J Jan. 1, 1898
City Hall impts....... 3*2
s.f.$5,000
do
Con. stock. S1^ J & J
Jan. 1, 1925
s.f.25,000
do
do
............... Sksg.J & J Jan. 1, 1920
95,000
do
do
3ksg.J & J
Jan. 1, 1925
15,000
Gravesend Local impts. 3^g.J A J { *$100J^OO^early4 } 300>000 Wa t e r B o n d s —
Water bonds................... 7
do
do
Jan. 1, 1904
287,000
.... 3*2 J A D Dec. 17, 1925
s.f.13,000
j & .T
do ................... 7
J & J 1920 to 1921
108,000
Local improvement.. .U 4
do
Jan. 1, 1906
60,000
J A J
do .................... 7
do
Jan. 1, 1909
87,000
q
5 Feb. 13, 1904-’ 16 * -, QAn nAA
j A J
do
do
do
do .................... 7
”* d
........ <$100,000 yearly. 5 1 ’300’000
July 1, 1909
100,000
J A J
do
do .................... 7
Jan. 1, 1910
341,000
J A J
do
do fu n d ,....... 3
J &, J | $100,000 yearly J 900,000
do ................... 7
do
July 1, 1910
97,000
J A J
Of this loan $500,000 is in the sinking fund.
do
do .................... 7
July 1, 1912
97,000
j A J
do
do
do
do .................... 6
........ 3-2 J ite J
1918 to 1921
July 1, 1899 2,715,000
J A .r
310.000
do
do ................... 6
Of this loan $140,000 is in the sinking fund.
Jan. 1, 1902 1,229,000
J A J
do
do
Jan. 1, 1921
3
J & J
do
do .................... 6
Jan. 1, 1904
260,000
J A J
s.f.7,000
do ................... 6
do
Jan. 1, 1906
30,000
J A J
do
do Lawsof’94 4
J & J Jan. 1, 1920-’22 ! 300.000
do
do .................... 6
$100,000 yearly. J
Jan. 1, 1907
445,000
J A J
do
do ................... 6
Jan. 1, 1909
100,000
j A J
do
do
4
J . r 5 Jan. 1, 1925-’28> 400.000
•' \$100,000 yearly, j
do ................... 4
do
1910 to 1914 4,094,000
J A J
do
do
4
J & J
Jan. 1, 1929
do
do
1892 3ia J A J
Jan. 1,
1911
400,000
35,000
3Uj j & ,T
do
do
Jan. 1, 1923-24s 1200,000
do
do
1892 3 Hi j A .T Jan. 1, 1912 1,500,000
do
do
S^g.I & J
Jan. 1, 1930
do ................... 3 lag .T A J
do
1913
30,000
100 ,00 0
do
doL aw sof’9511 3iagJ & J
Jan. 1, 1914
do
do ................... 3iag J A J
Mar., 1916
205,855
200,000
do
do
........ 3iagJ & J
Jan. 1, 1915
do
do Con. g. stk. 3h, J A .1
Jan. 1,
1925
350,000
100,000
T r, T < July 1 ,1905-’ 10 )
do ................... 3 *a .1 A J
do
Jan. 1,
1936
350,000
Eighth ward lmprov....1F 3
000,000
J tV J l $100,000 yearly.
do
do ................... 3
j A J Jan. 1, 1905 & ’06 1,000,000
do
do .......... 3
J & J
July 1, 1911
do
do ................... 3
July 1,
1908
500,000
J A J
50,000
T
t 5 Jan. 21, 1917-’ 20) ,
do ................... 3
do
Jan. 1,
1909
600,000
.1 A .1
School improvement__ 11 3
J * J t $100,000 yearly. ( 4,00,000
do
do ................... 3
Jan. 1,
19 L2
125.000
.1 A J
do
do ................... 3
Jan. 1,
1913
420,000
J A J
j Ac T 5 Jan. 1, 191G-’23 i « nn nnn
do
do
J
J I $100,000 yearly. ( 800,000
PAR VALUE.—Brooklyn’ s bonds are nearly all for $1,000.
Of this loan $758,000 is in the sinking fund.
Museum Arts A Sciences.
T & T
Jan. 1, 1925-26 200,000
TAX FREE.—Certain loans of the city of Brooklyn are exempt from
ao
do
3ia J A
Jan. 1, 1927
92,000
taxation, and where the fact is known to us we have added a paragraph,
P a r k B o nd s—
East Side Park........ ...... 4
J &
Jan. 1, 1914
50,000 mark (IT) to the title of the loan. The school building bonds are ex
Prospect Park................. 7
J A
July 1, 1915
6,561,000 empt from local tax only.
do
do .................... 7
.1
July 1, 1916
134,000
do
do .................... 7
J A
Jan. 1, 1917
500,000
INTEREST. -Interest on registered bonds is paid at the office of
do
do .................... 7
J
Jan. 1, 1918
410,000 City Treasurer in the City Hall, Brooklyn. Coupon Interest is payable
do
do .................... 0
J
July 1, 1924
1,092,000
Park purchase bonds__ 3
J A
Jan. 1, 1912-’ 18 650,000 at the Nassau National Bank of Brooklyn.
Park Improvement........ 4
.1 A
Jan. 1, 1909-’10 100,000
TO T A L DEBT, SINKING FUNDS, Etc .—The subjoined statement
do
do
........ 3h J A
Jan. 1 , 191l-'l2 s.f.100,000
Beindexing Bonds—
shows Brooklyn’ s total debt, and the sinking fund held by the city
<?on. sold stock.............. 3>a J A
Jan. 1, 1927
s.f.52,500 against the same, on each of the dates named.
THE CHKONKJLE.
S bptbiiber 5, 1896. J
A ug 1 , 1S9<>.
Ordinary debt....................... $41,753,660
Water d e lft............... ........ 15.492,855
700,000
Tem porary debt..................
T ax wrliUt-utes..........................................
Jan. 1, 1896.
$38,028,161
16,196.000
„ 1 2 ? .®
2,804,361
Jan. 1.1895.
Total debt........................$57,876,315
Sinking f u a d s ...... .. . . . __ 5,833,660
$57,728,522
5,691,522
$54,582,522
4,473,522
8S5.207.101
15,946,000
2,229,361
1,200.000
417
K a n s a s C it y , M o .— J a m e s M , J o n e s , M a y o r .
T h e f o llo w in g
s ta te m e n t h a s b e e n c o r r e c t e d t o A u g u s t 1, 1896, b y
m eans o f
a s p e c ia l r e p o r t to th e C h r o n i c l e f r o m H . L u n d , C ity C o m p
t ro lle r .
Kansas City is situated in Jackson County.
R enewal —(Collid
LOANS—
When Due.
S e t debt.............
$32,043,855
$52,037,000 $50,109,000
es, FA-A, $70,000---- Aug.15,1897
Cit y H a ll and Se w er —
SINKIN G FU N D.—The sinking fund is invested in the city’ s own 4s, A&O,$150,000....Apr. 1,1910 7s. MAN, 40,000...... Nov. 1 ,1 8 9 8
4s, J4D , 150,000. -..June 1,1910 6s, J&J, 50,000..... Jan. 1,1901
bonds, those issues marked with
f . " in the table above being
Sew er . B onds—
K a n s a s & N e o s h o H R .—
7s. JA J, $161,000 ....J a n . 1, 1897 4s, ...... . $100,000....Apr. 1, 1910
held entirely by this fund.
R enew al—
4s, ......., 1 0 0 ,0 0 0 .... Ju ly 1, 1910
ASSESSED VALU ATIO N - T h e city's asse-sed valuatiou and tax
W a te r -W orks —
rate Bare been as follows. Improved real estate in this city is assessed 8s. .1*11, $60,000.......Dec. 1,1896
at about 70 per cent o f Its actual value, and unim proved real estate at 8s, JAB, 6 0 ,00 0 .... Deo. 15, 1890 4 i-,SiE., j a j ,$3,100, OOOg.Julyl,’T o
Jan.
1,1897
8s,
J4J,
40,000......
about 50 per cent.
-A ssessed Tal nation.------— —----- , Rate o f Ten
IN T E R E S T on the water-works bonds is payable at the National
Total.
per $1,000. Bunk of the Republic, New York C ity; on ail other bonds by MessrsPersonal.
Tears.
Seat.
$355,103,711 $27-40
1996.............$530,144,986
1894............. 523,762,927
1893............. 486,531.506
1892............. 487,112,382
1891............. 449,802.170
1890............. 430,911,794
1889............ 407,127,535
1888............. 385,904,998
1837............. 362.106,083
1836............. 339,022,182
1885............ 336,221,357
1860............. 223,020,197
$15,658,728
16,441,233
19.523,170
18,615,947
18,111,779
21,846,807
21,330,546
22,597,240
21,085,591
14.217,276
22,019,310
11,215,794
542.204.080
306,054,076
483,728,329
466,014,249
432,758,601
358,270,007
354,140,088
383,851,674
408,502,23$
428.458.081
234,835,991
26-50
28-50
27-70
*25-67
29-482
20-30
26-563
27-595
*27-347
29-482
26-90
Kountze Brothers, New York.
TOTAL
D E B T , SINKING
FU N DS, E TO.— The subjoined sta te
ment shows the city’ s total municipal debt and the sinking fund held
b y the city against the same at the dates Indicated.
J u < M ,’ 96. Apr. 15,’ 95. Apr, 16,'94. Jan. 1, >93.
Total bonded d e b t....$1,081,000 $1,198,500 $1,193,500 $1,426,500
Sinking-funds...............
307,468
343,451
276,852
456,600
Net debt.................. $3,773,512
$650,049 $916,647
$969,900
The figure* of total debt for 1896 include the water debt of $3,100,000.
POPULATION.—In 1302 population was 957,163; to 1890 it was
ASSE SSE D V A L U A T IO N .—The city’s assessed valuation aud tax
806,343; In 1880it wag 506,653; in 1S70 it was 396,099. In 1896
rate have been aa follows In the years named:
festimaied. 1,030,000.
Real
Personal
Merchants,
"Oily Tax
Estate.
Property. Ranks, etc..
Total
jkt $1,0001
$44,07.-,,770 $15,551,580
______ $59,630,350 $ 2 392
44,312,230
11,069,280
55,381.51012 50
44,083,430
11,983,000
58,907,03011-50
1893.
42,072,020
10,118,320 (9,309,830
61,500,770
12 00
T h is b o r o u g h is in F a irtie ld C o o n t v ,
1892.
43,013,730
21.779.245
64,792,97514-00
01,010.327
13,155,000 8,319,330
82,485,557 12-50
LOAN S—
W hen D u e. Floating d e b t . . . . -----. . . .
12,000 1S'.<".
40,886,320
20,155,460
07,041,78011*00
W ater W ow ca B onds —
. 8»b Wo* fu n d .......................
1,500 1689,
44.061,120
9,0511,470 7,832,180
61,840,770 ll'OO
«S , MJc8, $ 8 .000............................ dept. 1. 139$ Net debt July 8, 1896. .. 50,500
24.027.440
5,040,560 2,610,520
31,078,520 15-00
6*. MAS. 8,000 ....... Sept. I, 1003 , Tax valuation 1 8 93......... 909,119
9,399,500
2,354,580 1,034,810
13,378,950 22-00
6«. M AS, 9 ,0 0 0 .........dept. 1,1 90$ j estim ated actual value.2,0<)0.00o 1880,
Wate r Bond *, 1895—
( T a t rate (per $ l.0 0 0 > ..............(5*00
- This la the city tax proper. Property is assessed at 40 per cent o
4s. AA-O, 15.000,
1913,'20.'25 t Fopuiutl.n in 1silo wag .... 2,335 \ts actual value.
1(5,000 duo each year on Oet. l.i i Population In 1890 w a s....... 1,767
POPULATION. -In 1990 the population was 119,668; in 1880 It
B onded d e b t Ju ly 9. Sir, $40,000 I Population in 1886 < e e t i ....3,000
wu* 55,785; tn 1970 It was 32.260. Population in 1896 (estimated)
IN T E R E S T on all th« bond* 1$ p ayable at tin- Importer*’ 4: Traders'
National Bank, New York.
150.000.
B ilhel, Co an.—George H, Hickok, Warden. .The follow Tear.
ing statement has been corrected to July 8, 1886, by means o f 1896.
1895.
1894.
a special report to the Chronicle.
III:
N E W LO AN S.
N E W LOANS.
VILLAGE OF
$ 3 2 5 ,0 0 0
Arverne-by-the-Sea.
LEVEE DISTRICT
NOTICE o r SALE OP VILLAGE BONDS.
Seated hid# art? d**lre<i fur the parchniM! o f Fifteen
4% BONDS.
Ttummnd Dollar* (SM.CJO®? four per cent bond* of
CLABKJHJAL*. Mis*.. July » t b , U K ,
this Village of Ar?era^hy-ihe-Se», Town of Mmap»
9<t*l«6 MR* Kill he received n the office o t tb®
» tm d, County of Queens. N. V, (in Greater New
Ywfch principal and infureaf payable In V 8. goid onitcnlgneU at this place until Thursday 1*000.
miM of the present
of weight and ttnmmm.
N E W LO AN S.
MUNICIPAL
BONDS
FOR INVESTMENT.
These bumd* will be tesraed ironmiwai tn vote o f the October let. 1«•,»;. lo t the purchaw of Three Uuudred and Twenty-lire Thoiteand Oollw. |;r«.6O0>
o f the fuudtn* booth* of the Board o t U ivm c « a B W k m «n for the Var...
Delta Levee PA R T IC U L A R S IP O S APP LIC A T IO N .
District, raid hobtht to he o f the dcnominatltm o f
rive Hundred D liar* i«U « i each, due thbrty yean
front October 1*1. l.-wj, hut .ubjert to call after
twenty years from date, Mid bonttv tarrying semianimal «>u;.,ns nr tb# rat® of four per cent per MKMBBRSnOk TIIK NEW YORK AND BOSTON
STOCK EXCHANGES.
annum, payable on the first day* a t April and Octo
ber o f each year. Said bond* are anth'.m «! under
DEALERS IN COMMKRC1AL PAPBlt,
to mmm im m , wmptm or registered* m ftbe pmmmmt an Act o f the Legislature of Mlsstaglppl approved
Seeled tide will b« rewired for the above by John March loth. le'MX No Mrl will he CbtuUdered which
R. Water'*, at i i Franklin Street, New York, until * t* marie tu t leas than par and accrued interest.
P.
or at the office of th* Vtlte*e Clerk, at,
latertnatlon will he furmshed on application tb
Arrerne-by the-Sea. vouch* Cotmly, New York, Iho undersimcl.
G. R. PAGE.
until 8 P. M. o f Saturday. Septem ber f4h . 1*5«. at
w e l t latter time and place the W te wBI he opened
Seeretar. and Treasurer.
ta*p*r«r», wMl feedated lat ot October, lS>-»5,.a«d will
bear interest at f««r percent* payable setai-anaottlly
m the first day# of A pt\l and October of each year.
Bight TtwmSand Itotters of «*1<1 bund* will b#
Javaed for the imdnHMnt nr ©reside m a rttlejra
building, and will be parable in etjefet annual tostalmcrate of On* ilo a iu d DoBars each, m th e first
day of October to each jeer, from 1®1T to
iradmlw. Serea Th.&wmnd Bolter* of said bond* will
be laaaed fur tb® nnutraetion of cal vert* and drain*,
and M b# payable to m rm animal instalment* of
O m Thousand Dollar* crack, on th e first d m of
Oetotser in each * m r , t n m 1OTI toller? tonlnalve.
The howto will he for One Thrnmnm Bolter* each,
and the award* made*. Each tod must m
rated by a certified check: tor $ tm u» th e order of th e
Trustee* o t ttee Village nt Arrero*. t»y the Sea,, and
check* will be rom m w i to all m m m em tnX bidder*.
Should any bidder whom* proposal tnnj be seewffUtA
fail to take and p»T for the bond* aiott«d to tom. at
Soil time and place- frMreltutftex specified for the h elivery of the bonds, to* check will be retained m toe
T rm iee* m Itesidated damage* for #aeb failure.
T h e bond* will be delivered at the National Shoe A
Leaiber Rank. Zt 1 Broadway, New York, ora the first
day o f October, JfiMBL
T b e T r u s t e e * t m e t v e t h e r ig h t t o r e je c t a n y a n d
CITY OF
NEW Y O R K
3J£ PER CENT
GOLD BONDS.
Blake Brothers & Co.,
m
state
street,
bostok.
5 NASSAU S T „ NEW Y O R K '
Off* f 1otnra*, la ., S ch ool..........................4 %»
IHawkcson. Vlicb., Frandlug......... ....... ..5*
DUB NOV EMBER lat, 1816.
A*hlnml, W in,, Fandlng.......................
Dated a ttv B m f -j>y-r?jsi-*k* , A u g m ihth. Pm.. WTBRKKT PAYABLE JAN. 1st AND JULY lat Burllugloii, Win*, S c h o o l..............: ........5»
Baeeatufa, AdmMiotratnre, Gngrdlans and other* Wrat*ek«. III.. S c h o o l................,,,,.,. .(Ii
JOHN It. WATERS. Pre*ldetR.
holding trust farad* are authnruwil by an ar t o f the
A. E. Karm jwx , Clerk.
New Vore 1.0.0,(i,sure, passed March II, 188c, In in- Rock Hu pi (Ik, Ira., SHmioI................. ........5*
Sherman. Texas*, FuniUng:.....................
PSBCB AND PMlTlCCJI*t|R8 ON APPLICATION Fonda, la ., W a ter........... ....................
SAFE INVESTMENTS.
a i l b id s .
By order o f the Board o f Troutem o f the Village
o f Arrerae by-tbe Sea N. Y.
Rudolph Kleybolte & Co.
SEND F O R L IS T
City and County Bonds.
D IE T Z , D E N IS O N & P R IO R ,
35
C tm iM U m m S T R E E T , -
BOSTON.
B .4 S K B E S ,
CINCINNATI, O,
W. N. Coler & Co.,
I0W Superior Street* Clevelasd* O.
James N. Brown & Co.,
W tM w O N M ,
BANKBK9
j ___ -
SEW
YORK.
HCNtCM-Af.. COUNTY, 8CHO0I, AND
TOWNSHIP BONUS
BOUQHT
AND
SOLD.
BANKERS.
F O R BALE BY
MASON, LEWIS & CO.,
31 Situ# At.,
UO.HTON.
BAN K E R S,
171 La Balls St.,
CHICAGO.
Blodget, Merritt & Co.,
BANKERS,
MUNICIPAL BONDS.
16 Congress Street, Boston.
34 NASSAU STREET.
(TATE ('ITT & RAILROAD BONDS.
THE CHRONK'LF.
4 18
[ V ol L X III,
Ashland, Wis.—Thomas Barton, Mayor. The follow ing July 1,1896, has been compiled from a special report to the
statement has been corncted to June 13, 1896, by means of a C h r o n ic l e from L . D. Frost, City Recorder.
This city is the county seat of W inona County.
special report to the C hronicle .
L O A N S—
When Due. 4L>, J&J, $40,000 July 1, ’04 to ’l l
This city te in Ashland County.
F e Mr i R o a d & B r id g e B o n d s —
(Payable $5,000 yearly.)
LOANSWhen Due- 09, J&J, $23,500........ Jan. 1,1903 Bonded debt July 1, ’96. $402,000
LOANSwl>en DueS
e w Kit B o n d s —
F
u
n
d
in
g
T
e
m
p
o
r
a
r
y
L
o
a
n
Water
debt (included)... 140,006
Citv Bonds—
78,000
5s, J&J, $100,000..."Nov. 1,1901) Os, J&J, $8,239..........Sept. 1,1898 58, J&J, $20,000........Jan. 1, 1897 Sclioolbouds (additional)
Bonded
debt
June
13,'96.
$386,176
H
ig
h
W
a
g
o
n
B
r
i
d
g
e
—
Tax
valuation',
real........ 5,030,016
5U.J&J.
5.000... July J.1910
5o, J&J,
35,000....O ct 1,1912 Floating debt.................. 100,13' 5s, Jan. 1, $100,000. Jan. 1,1919 Tax valuation, personal. 1,753,319
Total debt........................ 486,313
(Payable $10,000 yearly.)
Total valuation 1896___6,783,335
F u n d in g B o n d s 91,59o
Se w e r B o n d s —
Assessment about 48 p. c. actual.
5s, J&J. $22,000........July 1,1912 Sinking fund........... .
Net
debt
June
13,
1-96..
394,718
5s,
J&J,
$19,000..July
1,
1917-’
18
City tax (per $1,000)..........$30-00
I m p r o v e m e n t B o n d s—
W in o n a 8. W. R y .—
Papulation in 1890 was___ ljg,208
5s. J&J, $25,000.......Oct. 1,1911 Total assessment 1895.-5,784,70/
5s, J&J. 75,000....... July 1,1912 Assessment about b actual value. 5s, J&J, $100,000. Jan. 1, ’08 to'17 Population In 1880 was___ 10,208
Total tax (per $1.000)........ f30*00
( Payable $10,000 yearly.)
Population in 1896 was___23,000"
P a v in g B onds —
W a t e r -W o r k s bo n d s—
6 «, J&J, $125,937....1898 to 1901 Population in 1896 (est.)... 13,000
5s, J&J, $60,000........July 1, 1902
I N T E R E S T on all tbe bonds Is
IN T E R E S T payable in New York at National Bank of Republic.
5s, J&J, 40,000........July 1, 1919 payable attbe Park National Bank,
T A X FREE -A ll bonds of this city are exempt from taxation.
New York City.
(Payable $5,000 yearly.)
O P T IO N A L . —All the 6 per cent bonds are subieot to call two years
Pittsburg, K a n — C. A. Fisher, Mayor. Below is a state
before maturity.
ment of the financial condition of Pittsburg July 1,1896, com
Fredericksburg, Va.— The following statement has been
piled from a special report to the Chronicle from Eugene
corrected to July 1, 1896, by means of a special report to the
Merithew, City Clerk. The private improvement bonds men
C h r o n i c l e from R B. Berry, City Clerk,
tioned below are not strictly a city debt, certain districts only
This city is in SpottsvlvaDia County.
being liable for the payment of the yearly instalment.
When Due.
LOANSWhenDue. LOANS—
This city is in Crawford County.
S c h o o l B o nd s—
B r id g e B o n d s *—
6s, .TAJ, $25,000............Jan., 1926 5s, M&9, $10,000....................1926
LOANS—
When Due. City bond. dbt. July 1,’96 $76,500Total
debt
July
8,1896..
$209,400
Subject to callafter Jan., 1900
■ C i t y H a l l B u il d in g B o n d s —
Private imp. bds. (add.).
40,250
Water debt (included—
30,000 •7s.
F u n d in g B o n d s Sept,,
$
5
,0
0
0
....Sent.
10,1896 Total debt........................ 116,750
79, MAN, $119,400.........May, 1906 Tax valuation, real........1,266,414
16,000
F
u n d in g B o n d s — 1887 & 1891— Sinking fund...................
Tax valuation, personal. 379,388 6s. May, $3,500........ Mav 20.1897 Net debt July 1, 1896... 100,750
G as W o r k s B o n d s 69, J&J, $25,000........Jan. 1,1920 Total valuation 1895---- 1,645,802 6s. Jan., 17,000........ Jan. 1,1901 Tax valuation, real&RR. 1,066,000
State & Co.Tax (per$l,000) ,$16’00
W a t e r B onds —
R a i l w a y A i d B o n d s —’ 88 & ’ 93. Tax valuation, personal. 175,000
6s^ J&J,"$36,00?).......... Jan., 1909 I Population in 1890 was......... 4,528 6s, Apr., $6,000---- Apr. 1,1908 Assessment about Vi actual value.
Subject to call at any time.
|Population in 1880 was........ o,010 os, Sept., 20.000___Sept. 13, 1913 ] City tax rate (per $ i,000) ..$24-10
5s, Dee., 20.000___Dec. 1, 1913 I School tax (per $1,000)....... 15"0O
* These bonds are secured by a deed of trust on tlie iron bridge across
S k iv e r B o n d s — 1 8 9 2 —
I Population in 1890 was___ 6,697
the Khppahanuock River at Fredericksburg.
6s. July, $5,000......... July 1, 1902 |Population iu 1880 was___
624
P r i v a t e im p r o v B o n d s —
I Population In 1896............. 10,177
IN T E R E S T . -T h e coupons of the funding bonds arc tax receivable.
6s, various, $40,250........................ ]
T A X FREE.— The bridge bonds are exempt from taxation.
INTEREST on all bonds is payable at tbe Kansas Fiscal AgencyW A T E R W O R K S .— The water works owned by the city are valued
New York City.
at $40,000. The city also owns the gas works.
Parkert-b irg, W . Y u .—R H . Thome?. Mavor. The follow
ing statement Has been correct-d to Juno 17, 1896, by means
Winona, Minn.— A . B. Youin ias. Mayor. The following
statement concerning the financai condition of Winona on
N E W LO ANS
N EW LO AN S.
Notice of Redemption.
N E W LO A N S.
MUNICIPAL
M a y o r ’ s O f f ic e ,
\
St . LOO is , April :30th, 1896. S
BONDS.
To whom it may concern :
Notice is hereby given that the bonds o f the City
of St. Louis, issued under authority o f ordinance
No. 12,028, numbered from ninety-five hundred and
ninety to ninety-seven hundred and ninety-two,
both inclusive, will be redeemed on the third day of
November, eighteen hundred and ninety-six, pur
suant to the terms o f said ordinance No. 12,028, and
the terms expressed in said bonds, and that said
bonds will cease to bear Interest on said third day of
November, 1^90. Said bonds are dated May 3d, 1882,
are payable May 3,1902, aud are redeemable at the
option of the City of St. Louis at any time after ten
years from their date.
Each of said bonds, when presented for redemp
tion, must have the fourteen unearned semi-annual
interest coupons, numbered from twenty-seven to
forty, inclusive, attached.
These bonds are called in for the purpose o f per
manent retirement.
............ ;
C. P. W A L B R ID G E ,
L
:
Mayor.
I s a a c H . St u r g e o n ,
Comptroller.
A ttest:
n . J. P ocock ,
Register.
We own various issues o f very desira
E. C . STANW OOD & CO .,
ble investment bonds, the principal and
interest being payable in gold.
A full description of these bonds, with
attractive prices, will be mailed upon
application.
BAN K ER S,
121 Devonshire Street,
E. H. ROLLINS & SONS,
BO STON.
5 3 S T A T E S T .. B O S T O N . M A S S .
LISTS SENT UPON APPLICATION.
WHANN& SGHLESING-EE,
GOVERNMENT and
MUNICIPAL BONDS
MUNICIPAL
BONDS.
Bought and Sold.
Farson, Leach & Co.,
N. W. H A R R I S & CO.,
CHICAGO.
BONDS.
»
W ALL
ST R EE T ,
NEW
YORK.
BANKERS
BOSTON.
15 W A L L ST R EE T ,
P H IL A D E L P H IA .
-
M
ills
&
B l an c h ar d ,
NEW Y O R K .
BANKERS,
$ 1 0 0 , 0 0 0
C O R R E SP O N D E N C E
Chicago,
1 1 5 Dearborn Street,
S O L IC I T E D ,
N ew Y o rk ,
W a l l S tr e e t.
STATE
OF
Gold 4% 20-Year Bonds.
D AT ED J U L Y 1, 1896.
LE G A L FOR N E W YO R K SA YIN G S B A N K S .
PRICE ON A P PL ICA TIO N .
FOR SA LE B Y
M O R T G A G E LOANS EDWD.
TEXAS.
C. J O N E S CO.,
421 CHESTNUT STREET,
PH ILA D E LP H IA .
^
In tere st 7 P e r Cent Net.
WO
COMMISSIONS charged borrower or It-ndei
until loans have proven goo i.
F R A N C I S S M I T H & C O ,.
SA N A N T O N IO , T E X A S
UTAH
80 B R O A D W A Y ,
N E W YO R K .
B e n w e l l & E v e r it t ,
Scherinerliorn H ull,ling,
6 W A L L ST,
M UNICIPAL ISSUES IN TH E ST A T E S OF
N E W YO R K & N E W JERSEY
A SP EC IALTY'!
M UN ICIPAL BONDS
BOU GH T ANDJSOLD.
D evon sh ire (Building,
16 S ta te S tr e e t, B o s t o n , M a ss.
W. J. Hayes & Sons,
BAN KERS,
DEALERS IN M UNICIPAL BONDS,
Street Railway Bonds, aud other high-grade inrvestments.
BOSTON, MASS.,
C le v e la n d , O h io ,
7 Exchange Place.
3 1 1 - 3 1 3 S u p e r i o r S t.
Cable Address, "K E N N E T H ,"
THE CHROJNJCLE,
S eptember 5, 1896.]
419
INTEREST on the borough bonds and on the $2,500 of water bonds
of a special report to the CHRONICLE from W . F. Kittenhoufe ,
is payable at HollMaysburg; on the 4*28 of 1913 at Philadelphia, Pa.
City Clerk.
This citv ig in Woo*l Couotv.
Youngstown, Ohio.—E. H. Moore, Mayor. The following
, LOANSWhen Due. Interest payable ;>t city Treasury. statement has been corrected to August 1, 1896, by means of
Total debt J une IT, '96..$250,000
I-MPKOTBMEST BONUS—
**• July. $65.000.......July 1, 1911 Water debt (included). . . . 80.000 a special report from F, C. Browa, City Clerk.
Siukin s? F un d . . . . . . ------52,882
P a r k B onds , Sea. P —
Youngstown is in Mahoning County.
5s. June, $25,000
June 1. 1910
Total valuation 1 805-6..6,624,542
R eflsi ,. B ,.s n -.s E r..B i D 0 »,F & A .$ 2 0 00 0. . -Ann. I. 1912 AasesMueut about % actual value.
58.J& D , 10 .000........ luiy 1 ,1 900 T otal tax (per ,fl ,0 0 0 )... . f 26-33%
STREET PaV. A: SSWKK’e B’hs - Population in 1890 was..... 8,408
Oft. June. $50.000.. .June 1. 1910 i Populatioii lu 1896 (eat.J...13,000
U'ATKR Wo rks B onus —
6s. Julv. $80.iK)0------July 1 . 10<M i
subject to call.
LOANS—
Water -Works Boss
Bondeddebt Aug. 1,’96. $719,651
0a*5s. .. $278,031 .O ct.l,’97to’06 Asseasm’t about 40 p.o, actual val.
W ater B onds—
Total tax (per $1,000)..........$28-20
Os, MAN, $ 1 0 0 .0 0 0 ... Sept. 1, 1901 Population in 1890 was... ..33,220
5s, A lto , 150.000.M ny l,’0 7 to ’ l l Population in 1896 (est.)..-42,000
Oregon City, Ore.—Hiram Straight, Mayor. The follow
ing statement has been corrected t >June, 1896, by nnans of a
special report to the C h r o n i c l e from Thomas F. R o g e r s ,
Recorder.
Tnis city jg in Clackamas County
ir/o-u D ue. Total debt June, 1890 .. S64.700
.LOANSCiTY Bonos —
6s, g . MAN. £30.00* »g Mil Y 1,1 901
5s. B„ MAN an,0 0 0 * .May 1 . 1901
When Due.
Fm e Dkpartu kxt—
Floating debt................
34,000
5s. A & O ,$ 4 5 ,0 0 0 ..Oct. 1. ’ 97 to T 7 Total debt.......................
753,651
SEW ER BONUS—
Sinking fond..................
63,331
5s. A&O, $ 3 5 ,0 0 0 ..Oct. 1 .'97 t o ’ 01 Net debt Aug. 1.1X96,.
690,319
SCHOOLS—
Tax valuation, rea l___ 9,741,820
Os...........$1 11.3 00... Sept. 1. 1901 Tax valuation, person’ l 3,526,120
STREET IMPHOYEMEXT—
Total valuation 1895... 13,267,940
($10,000 due yearly.)
INTEREST on the water-weeks bonds of 1901 is payable at the
Park National Bank, Sew York City; on all other bonds at the office of
the Citv Treasurer.
T ax valuation, r e a l........ 700,000
T.i * valuation, jajrsonal. 300,000
Total valuation 1890 ....1 .00 0 ,0 00
Ceil r Rapid*, Ion a,—Ueo. A, Lincoln, Mayor. The fol
low ing statement has been corrected to August 31, 1898, by
Assessment. Is *a actual value.
es, e..J 4 :J ,M O .(iO 0 t. Jan. 1 . 1004 Total tax (p e t$ 1 ,0 0 0 > ......... $38-00
goad ed debt J u n e ’9 6 ... 860,000 Pouulatiou in 1890 was.......*3,062
Floating d e b t...................... 4,700 Population in 1880 w a s........ 1.263
means of a special r e p o r t from T. Devendorf, City Treasurer,
Ct dar RypitJs is si utLd in Linn County. All bonds are
•Greet® City's limit* hare recently been eabtrypvl and the imputation exempt frotfi city tax.
in 1885 fa 5.000.
INTEREST **n tie- city bond* u payable :,t Oregon City; an the
LOANSWhen Due. Total debt..................... $276,900
Floating D ebt Bonus—
water bonds in New York.
5s.
#15.000
1904
Hollltlaysbarg, Pa.—John W . Bracken. Cbi**f Burges, l Am, 50.000 . . . ............. . .1 9 0 9
30,000.............................. 1914
The following statement has been corrected to July L 1886, 4%s,
K kfcndino Bonds b y means of a special report to th e C h r o n i c l e from J o h n 0», Yar. #6,000 ............ 4 * 0 . 1900
(Subject toea ll ai any time.)
Cree, Treasurer.
{fa. F & A ,$ 1 4 ,0 00 ...
Aug.. 1901
(Subject to cull at any time.)
Hollntaxgburg is the county seat of Blair ( taunt v.
1 0 0 ,0 0 0 ..,
July 1, 1910
LOANS—
flfite*i lent. I Bended debt July I, ‘96 $34,700 Is........#
subject to call after July 1. 1915
Bokoi g II a m * T ax valuation (teal) ‘96.1,123,000
-
A A O ,.85,0011...........Optional 1City tax rate it>erSl.O00)., ,.$S-0o
l% «. A i i , 2,200 .
.Optiom il Puputatb,nin 1890 w a s .... .2,975
W a ter Bonds —
Population in 1880 was........3.150
»%*, M&S, #2,500. .Optional.
4*9*. J*t>. 46.000..Opt.aft<:“ 1013 ‘
Population In 1806 le st)
J.
REPSRENCK3 SENT.
am
. s o t :, a
k
........... ........
REPORTS OH INVESTMENT PROPERTIES.
Railroad Location and Construction.
Accountants.
Wesley Farrington,
. 18,020
10.104
HAND-BOOK
OF
8id 87
national banka..............................
907.T7A US
Stocks* ana
a bond*—. , .......... .......... . ...
U#,40t av
1,5X7,081 H7
Banking house and lot........... .
utm.ooa
il. H. leg
land tender note* and circulating
83.
note* at national tanks..................
............
.
120 B R O A D W A Y , NEW Y O R K .
i Population in 1890 was.
1 Population in 1880 wan
«*.»*> <»
Due from trust eompouiee, State and
Cash Item*, via.: Bill* A
ch'ck* for the nerl day'*
•lUbaiwe* ................. p iA T tjm 47
Other item* carried fu»
Jos. O . O sgood,
m.
Hue tr m directors
Overdrafts
Assessment fo r Co. about >3 and
, for c ity about actual value.
! Total tax tper $1.000) . . . .#11-00
Population ia 1*93 w as___22.555
JtUsccUanTcus.
Ql
C O L U B B II B , O H I O .
Examination* and Reports Made for
Bankers and Investors of Railroad, Coal
Mining, Oil and Electric Properties-
3,939,964
Tax raluation, clty.... 14,181,952
Total valuation 1895... 18,121,916
INTEREST is payable at City Treasury,
TAX FREE.—All of the city'* bonds are exempt from taxation.
k .l v r e p o r t o f t h e
J UA k t b BANK
OF AMERICA
at (he close of Pustn*** no Ujadaday of gene, Ht»>.
HKSOPBCKS.
E N G 1 N K K H , Loan* and dtooonnt*. loaa duo from di
rect-re.............................................fl4.tW4.r5J <W
P icard ,
CONSULTING
. 3,000 !
county................
19,203
257.697
150,900
Sank statements.
gugiueem
F.
Floating datot.............
sinking fund..................
Net debt Aug. 24 ,189 6.
T ax valuation. State A
or
RAILROAD
SECURITIES.
5M33.JT# 00
44.W1 01 - &BRMBAB
UABtu-rtaa.
"|23,IM7.duo vV
J u ly ,
1 8 9 0 .
tUndivided
s & proiliCnKL........
i s a z !............
* * 'W 88
i«3
Due
a* follow#, vi*.t
D e p o sit# m b r e t t o c t i ’ s 4 t o .S H .iS t m
D #m »n «t m t» , o f d ep osit.
6 ,1<57 H
PaThreebk»oot*t-<ilt . 1‘* l . « « i t - w m s n 71 O E8CR1PTION,
Vm tntt companies, SUktcandnational
Uanir*..........
......................... ?,xsfl.vi3 ?P
One saving* bank*........................... 1.734AM 83
INC0MK.
Unpaid dividends................... .
.
PRICE.-*,
01 ViDENDB,
* - ■ . » » as
Staid of Nest York, County of New YotK.
William 11. ckhkin *, president, and Waltsb
M. Btxxn, Cashlor. of the Bank ot Amer.cs, *
hank Ion,fed and doing bnsiae** at No*. 44A 40 Wan
-street, in the city of New York, in said county,bein.
E X P E R T ACCOUNTANT,
duly sworn.each for hlmself.say* that the forenolns
report (*, in all r, *i«'et*.» true statement of tb*
203 B R O A D W A Y , N E W Y O R K .
condition of the said bonk »t tb* close of bo<l
n m t on the ?,d fiat of SeptemSer, ISSfl j and they
Booms tMMSPJ mait, and Expusss BclMU.vo.
further say that the
of said bank
bm been Intmutcted at the feeatioti required by thr,Hiking law (Chap. 8St>, laws of lS «i, and not et*e
where; and that tbs above report i» made in corn
PMsjtce with an offlebtt notice receive,1 from the
*nps-ri»t«n<«»ntot Banks dealknatind the 3d day
b o o k s accountant AUDITED of wept., 1HW. a* the day on which *uch report
shali be utadr ; that deponent** kt.«w!e<J>re of the
ettm e tn e et at •be tiiregmog report t* derived from
Sfew form *
fo r bmBm o f mamuat,
a edutfdht faniilian-y with and InapecAoii of the
atlatr*
or aald corporation, and that **td rei-.rt wa*
JkUlmmt of Immtmtt Estate*
o r e p a r t a u n ^ e j^ ^ .^ ™ ^ .^ ^
418 fix e b a n g * Battdtflsr. S 3 S t o l e S tre e t* Bcmtan
WA1TEK M. BSNNKT, (ashler.
m *w nl** mb»m ib«*l and *w<tm to oy both dew*
n m t1*, th e tth day of Sept., t*MJ. beforei mo.
Late A uditor o f N, V. L. K, A W . R R . Co.
FOR A SERIES OF YEARS TO JULY i, 1898.
WM. FRANKLIN HALL,
The Mutual Benefit
LIFE INSURANCE CO .. N E W A R K , N. J.
A NEW feature i* incorporated in this issue. In
addition to toe monthly record of prices, to July i
IMIO, we give the highest and lowest prices for
each year from tsiiO to J8M, inclusive, for all
bonds and al#o all stock* sold cn tbc New York
Stock Exchange.
CttAS. lh lum tt& T K V .
Hvuncf t utmiL
A M Z t B O O B , P r e s id e n t .
Asset* (Market Value*Jan.L 1808....... ,|66.2«9ae;
u ta h ifh u e s t s . J .,N .Y , im fi y ia w . y t a o d a r d ) . :* t ,i« ;,7 2 t
A n rptn s......................... ......................... ........................ 4,0*0473
poticnta Aaaot.cmitr m
roa n n m i
skcostd tkar.
far r.M* or
laps *
CHRONICLE VOLUMES.
astkh
the Pertey m ct*m rtf*ii tr
as king a* lt,« vain- wifi par for ; orl# p
pre
.tarred « > ash a t I’aiS-on Policy Ystoe i» allowed.
IhevetOTtlyeariTAirtMaffltxct.iSTesf'Ant.t
I rm&ktwm «» %n teemma, irm-k ®r wmptx
ttem mr« wmme&
Thf fgtmmnj
m ibo foMcj to Sj-ftu npfo
1rtft flAm mtnmtm v*hu* wkm a mu*it* u,rr»>*>w
uy&tt of-met IfoBm in mml« a« tmtlmtwfkl mnmrttf.
r,088Rjo paid
i #prt« rfrmfAoUon anV|««,
of pmof*.
S IN C E
P r i c e In B u f f D e n t h e r C o v e r # ,
T o H u bo eriberii o f th e C h r o n ic le ,
I8 6 0 .
SI €0
tS
Special Bate* for Qnantitle*.
Any btB&s pmamsiag th em m ltm rn hm a! liana
fur m itvm im ti refw m m i a vonjplete and toiiaUe
Qnftmial
of the. perwd. r*arfift» bsvicutr *
more r©. *:-oi volumes eon olitaln from the publisher#
most of Urn «*afHer vr»itime*. or oompletw «ol# c#»ti be
WILLIAM
7«' »
IL DANA COMPANY,
S lir e l,
WKW Y O R K .
THK (JHRON 1CLF.
420
o r e c lo s u r e jsa le .
C ffo v cclo sm rc £>alc.
The Philadelphia & Reading
Companies.
N O T IC E O F F O R E C L O S U R E S A L E .
IN T H E CIRCUIT COURT OF T H E UNITED
STATES FOR T H E EASTERN DISTRICT OF
PE N N SYLV AN IA.
IN EQUITY.
April Sessions, 1896.—No. 9.
T H E P E N N S YLV A N IA COM PANY FOR INSUR
ANCES ON LIVES AN D G RANTING A N
NUITIES.
^
Complainant,
vs.
T H E P H ILA D E LP H IA & READING R AILR O AD
COMPANY, T H E P H IL A D E L P H IA A READ
ING COAL & IRON COMPANY A N D O T H E R S ,
Defendants.
Whereas, by a decree of the Circuit Court of the
United States' for the Eastern District o f Pennsylva
nia made and entered on the 1st day of May. 1896, in
the above-entitled cause, it was. among other things,
provided that, in default o f the payment by the
defendant The Philadelphia a Rending Railroad
Company, or by any one claiming under it, or by any
one for its account, or o f payment by the defendant
The Philadelphia A Reading Coal A Iron Company,
or by anv one claiming under it, or by any one for its
account.' o f the amount by said decree adjudged,
within twenty days after the entry o f said decree,
the properties, premises and franchises by said decree
adjudged to lia*re become subject to a mortgage or
deed of trust bearing date the 3d day of January,
1888, made to the complainant in said cause by the
said The Philadelphia A Reading Railroad Company
and The Philadelphia & Reading Coal & Iron Com
pany. and known as the General Mortgage, be sold as
In said decree directed on a day and at an hour to be
fixed by said complainant, the Trustee under said
General Mortgage; and
Whereas, more than twenty days have elapsed
since the entry o f said decree, and default has been
made in the payment by said decree directed.
Now. therefore. The Pennsylvania Company for
Insurances on Lives and Granting Annuities, the
Trustee named in said General Mortgage o f The
Philadelphia & Reading Railroad Company and The
Philadelphia A Reading Coal A Iron Company, dated
January 3d, 1S88, under and in pursuance o f said de
cree and in the exercise of the powers and duties
conferred and imposed upon it by said General
Mortgage, will sell at the Old Station on Callowhill
Street, between Thirteen Sfreet and Broad Street, in
the City of Philadelphia, in the State o f Pennsyl
vania (that being on tue premises to be sold), on
Wednesday, the 23d day of September, 1896, at twelve
o'clock noon o f that day to the highest and best
bidder or bidders
All and singular the mortgaged and pledged prop
erty by said decree adjudged to be subject to said
General Mortgage, and therein directed to be sold,
and briefly described as follows
AS T H E FIRST PARCEL.
The following prooerty of The Philadelphia A
Reading Railroad Company.
The following lines of railroads and other property
of said Railroad Company, to w it:
The Main Line, the Lebanon Valley Branch, the
Lebanon A Tremont Branch, the Mahanoy & Shamokiu Branch, the Mt. Carbon Branch, the Schuylkill
& Susquehanna Branch, the Port Kennedy Branch,
the West, Reading Branch, the Moselem Branch;
The leasehold interest in the Philadelphia German
town A Norristown Railroad;
The leasehold Interest in the Chestnut Hill Rail
road ;
The leasehold interest in the Plymouth Railroad :
T h e leasehold interest in t h e Colebrookdale Rail
road;
Toe leasehold interest in the East Pennsylvania
Railroad;
The leasehold interest in the East:, Mananoy Rail
road Company and the Little Schuylkill Navigation
Railroad A Coal Company.
The leasehold interest in the Schuylkill Valley
Navigation A Railroad Company.
The leasehold Interest, in the Mill Creek A Mine
Hill.Navigation A Railroad Company.
The leasehold interest in the Mt.Carbon A Port Car
bon Railroad.
The leasehold interest in the Mine Hill A Schuyl
kill Haven Railroad.
The leasehold Interest in the canal and navigation
works o f the president, raanugers and company of
the Schuylkil Navigation Company.
The leasehold interest in the canal and navigation
works of the Susquehanna Canal Company.
The leasehold interest in the railroad of the Catawlssa Railroad Company.
The leasehold interest In the railroad of the Pick
ering Valiev Railroad Company.
The leasehold interest in the railroad known as the
Philadelphia A Chester Branch.
The leasehold Interest in the main Hue of the rail
road o f the North Pennsylvania Railroad Company,
and the branches thereof knowu as the Delaware
River Branch and the Doylestown Branch.
The leasehold interest in the railroad of the Dela
ware A Bound Brook Railroad Company, together
with the branch known as the Trenton Branch.
The leasehold Interest In the Schuylkill A Lehigh
Railroad.
The leasehold interest in the Shamokin Sunbury A
Lewisburg Railroad. ^
And all real estate of said Railroad Company
wherever situated owned by it at the date of the e x
ecution o f said General Mortgage or by it thereafter
in any manner acquired, or held for its benefit or in
trust for it; all other railroads then owned or there
after constructed or acquired by purchase, merger,
or in any manner whatever by said Railroad Com
pany ; all other leasehold estates in any other rail
roads at any time after the execution of said General
Mortgage acquired by lease, assignment or in any
manner whatsoever by said Railroad Company; all
branches, extensions, sidings and turnouts of all the
vaid railroads and each o f th em ; all advances made
by said Railroad Company in the operation by it of
the leased Railroads forming part o f the mortgaged
property so far as the same are re-payable, and all
t ight and claim to the re-payment thereof; all lands,
rights of way, rails, bridges, walls, fences, workshops,
machinery, stations, offices, depots, depot grounds,
mgine houses, buildings, improvements, tenements
uia hereditaments; all locomotives, tenders, pas
enger cars, baggage cars, freight cars, coal cars and
ill other engines, cars carriage® and rolling stock.
f Vol , LXIU.
tools Implements and materials; and all ,team
colliers, ships, vessels and canal boats owned by said
Railroad Company at the date of th execution of
said General Mortgage, or by it thereafter at any
time acquired; all and singular the tolls, rents, reve
nues issues, profits and income of the Railroad Com
pany derived from said railroads, canals and other
property; all corporate and other rights, privileges,
appurtenances and franchises o f said Railroao Com
pany or connected with or relating to said mortgaged
premises then owned by it or thereafter acquired;
all the streets, ways, alleys, passages, waters, water
courses, easements, rights, liberties, privileges,
hereditaments and appurtenances whatsoever unto
anv of said mortgaged premises and estates belong
ing or appertaining; and all the estate, right, title,
interest profit, claim and demand o f every nature
and kind whatsoever o f the Ruilroad Company, as
well at law as in equity of. in and to the same, and
every part and parcel thereof:
Excepting, however, therefrom any property here
tofore sold or conveyed by Baid Railroad Company
under the powers reserved in said General Mortgage.
One hundred and sixty thousand (160,000) shares
o f the par value of $50 e».ch In the ca >ital stock of
The Philadelphia A Reading Coal A Iron Company.
All shares and bonds of lines leased or controlled
by The Phiiadelohia A Reading Railroad Company
deposited with the undersigned as Trustee under the
said General Mortgage of The Philadelphia A Read
ing Railroad Company and the Philadelphia A Read
ing Coal A Iron Companv. dated January 3. 1888, for
which General Mortgage bonds have, under the
terms o f said General Mortgage, been issued, in
cluding the following:
0 .
,
( 1 ) $192,3404 7 of the Mortgage Loans of the Schuyl
kill Navigation Company, commonly known as Loans
ot 1872-1897.
(2) $.)1 ,317 67 of the Mortgage Loans o f the Scbuyl
kill Navigation Company, commonly known as Loans
Peerless Colliery. 117. Lease of Buck Ridge Colliery.
118, Lease of Girard. Mammoth and Cuyler Collieries
119. Lease of Union, or North Ashland. Co.liery. 120
Lease Ot Harnmoud and Conner Collieries. 12J, Lease
o f Girard Colliery.
IRON ORE LA N D S.
No. 122, Putnam Valley, N. Y., lands. 123. Putnam
County, N. Y., oi*e lands. 124, Nelson County. Va..
iron-ore lands. 125. Nelson and Amherst Counties.
Va.. iron-ore lands. 123. Albemarle County, Va..
iron-ore lauds. 127. Seasboltzville. Pa., land. 178.
Big Pond, Pa., estate. >29, Boiling Spring lease, Pa.
130, Heim and Vanasdleu lauds.
FU R NACE PROPERTIES.
No. 131. Bechtelsville. 132, Swede. 133, Kutztown.
134, East Penn.
i3>. Emails. 136, St. Clair. 137,
Ringgold. 138, Monocacy. 139. Port Caroon Fur
nace and Rolling Mill. 140, Powhatan Furnace, Va.
O TH ER R E A L E S T A T E .
No. 141. Office building and lot. Pottsville. 142.
Acre lot, Branch Township. 143. Tower City lands.
Ii4, Lot o f ground, Chestnut Street, Reading. 146,
Adams Street Depot, Brooklyn. N. Y. 147. Twentynintn Street Depot (leaseboldi New York City. 148,
Town of Locust Dale. 154, Su rface- Ashland. 155,
Hegins Township lot. 156. Port Carbon lots. 157,
Berks County lands. 158. Lot at Preston. 159,
Various Schuylkill County lands.
160, Cameron
Township lands.
And all other real estate of said Coal A Iron Com
panv wherever situate owned by it at tbe date o f the
execution ot said General Mortgage, or by it there
after in iny manner acquired or held for its benefit
or in trust for it; all railroads and all branches,
extensions, sidings and turnouts of any railroad
then belonging to said Coai A Iron Company, or
thereafter constructed or in any manner acquired by
it; all lands, coal leases, iron-ore leases, mines, col<>f(3) $Tio,Oob o f the loans of the Schuylkill Naviga ieries, breakers, engines, workshops, machinery,
tion Company, commonly known as the Loans of offices, buildings, improvements, tenements, and
hereditaments then owned by it or by it thereafter
(4) $13,5C0 of the loan of the Schuylkill Navigation in anv manner acquired by it or for its benefit or in
Company, commonly known as the improvement trust for it; al* yards, depots and wharves, all loco
motives, tenders, coal cars, carriages and all other
L ?.M)n*71,500oftbeBoatand Car Loans of the Schuyl engines, cars, rolling stock, tools, implements, horses,
kill Navigation Company.
r> i_ „
mules and materials, and all corporate and other
(6) $ 44,300 in the Preferred fetock of the Schuyikili , rights, privileges, appurtenances and franchises o f
Navigation Companv.
,
said Coal a * Iron Company, or connected with or
(7) $20,800 in the Common Stock of the Schuylkill
relating to the said lands, coal or iron mines, railroad
Navigation Company.
„„
_
or other premises, or any of them, owned by said
(8) The following securities and stocks of the Sus Coal A Iron Company at the date of the execution
quehanna Canal Company:
o f said Gener »1 Mortgage, or by it at any time there
First mortgage preferred............................... §227,000 00
after constructed or acquired; all and singular the
tolls, rents, revenues, issues, profits and income o f
First mortgage priority..................................
Third mortgage six per cent........................ 1,316,3/0
the Coal A Iron Company derived from said railroad,
Fourth mortgage seven per cent.................. 238,0'" 1"<> canals, coal, or iron mines and other property; and
Stock................................ .........
............
.1.970,973*1
all streets, ways, alleys, passages, waters, water
(9) $239,300 in the First Mortgage Loan ot the courses, easements, rights, liberties, privileges,
hereditaments and appurtenances whatever unto
Pickering Valley Railroad Company.
(JO) $504,300 in the Mortgage Bonds o f the Cole any o f the said mortgaged premises and estates
belonging or appertaining; and all the estate, right,
brookdale Railroad Company.
(11) The following securities of the Catawissa title, interest, profit, claim and demand o f every
nature and kind whatsoever of the Coal A Iron Com
Railroad Company:
10% Chattel Mortgage bonds, 1888-1888..........$98.1
pany us well at law as in equity, of, in and to the
same and every part and parcel thereof.
5% Chattel Mortgage Bonds, 1*80........................ 2l,o00
Excepting therefrom any property heretofore con
7% Deoenture Bonds, 1917.......... ............... .......... 62,000
veyed and transferred under the powers reserved
A S T H E SECOND P A R C E L.
in said General Mortgage.
The following property o f The Philadelphia A
Reading Coal A Iron Company.
The following shares of the capital stock of other
corporations owned by said Coal A Iron Company,
The following aoal lands, coal leases, iron ore but subject to a prior pledge thereof by it to The
lands, furnace properties and other real estate.
Philadelphia A Reading Railroad Company under
a mortgage dated July 1. 1874, viz.:
COAL LAN DS.
No. of
No. 1. Trevorton estate. 2. Associate lands. 3,
Name of Company.
Shares.
Zimmerman and Heller tracts. 4, John Boyd tract. Preston Coal A Improvement Company............ 56,683
5. Shamokin and Bear Valley tracts. 6. M. E. LeverFulton Coal Comoauv ........................
63,537
son tract. 7. William M. Rockafeller tract. 8. Big Locust Gap Improvement Company.................... 50,522
Mountain lands. 9. Wetherill. Gray. Cleaver and Tremont coal Com pany...........................................H 8, 3f 4
Bradv tracts. 10. Preston Miller Survey. 11, Bit>- Mammoth Vein Coal A Iron Company............... 59,727
tenbender lauds. 12, George Scball tract. 13. Delaware Coal Company........................................... 4.716
McIntyre lands. 14. William Sheed tract, lo, H elfenstein lands. 16. Locust Mountain Summit Im
provement Company lands. 17, Samuel Morgan
All property, real and personal, o f every character
tract. 18, Mount Carmel Coal A Iron Companv and deseriution, which, or any beneficial inter
lands. 19, Mount Carmel A Locust Mountain Coal est in which, has been acquired by the Re
Company lands. vO, Locust Dale estate. 21, A sh ceivers o f the Philadelphia A Reading Railroad
land estate. 22, Fountain Springs tract. 23, Necho Company and o f the Philadelphia Coal A Iron Com
Allen tract. 24, Locust Mountain tract. 2a, William
pany in the course o f the operation and management
Jones tract. 26, Philadelphia A Mahanoy lands. of either o f said two parcels or pertaining thereto, or
27. James McNeal tract. 28, Taggart tract. 29, to wh eh. or to any beneficial interest in which, they
Neifert tract. 3 ), Sheafer tract. 31, Kear and Pat areorm av ••ecoihe entitled will be sold in connection
terson lands. 32. Ely and Riehle tract. 3o. Andrew with such parcels respectively, including allincom e,
Love tract. 34, Summit binds. 35, Tamaqua 1 mas. proceeds o f income, bills and accounts receivable,
36, Coal Hill estate.
7, W ood and Abbot tract. .>8. ca>h and other property, received by said Receivers
Guiterman or Tuscarora tract. 39, Glentworth tract. in the mat aueraent or operation o f such parcel or per
40, Eagle Hill tract. 4i, Mary Patterson tract. 42. taining thereto, and any and all property appurtenant
Valley Furnace Lands. 43, Lewis tracts. 41. Ravens- to such parcel or pertaining thereto and acquired
dale tract. 45. Dilcamp tract. 16. Leo Lm d s. 47
for use in connection with or for the purposes of
Repp and Keim tracts. 48. Repp’s heirs’ tract. 49, such parcel or the business o f said Railroad Com
Saw Mill tract. 50, St. Clair tract. 51. El (maker pany. or o f said Coal A Iron Company in connection
tract. 52, Flowery Field tract. 53, W est Flowerv therewith and vested in or standing in the name of
Field tr ict. 51, Mount Lailee tract. 55, Oak Hil
the _>aid Receivers, or to which said receivers in
tract. 56, Duncan lands. 57, Houston or lius>el any manner shall have acquired title, at the time
tract. 58. Coit tract. 59, Samuel Heffner trac». on. of delivery to the purchaser ot such parcel : all
Minersville tract. 61, Mmersville Coal Reserve. 02. equipment and all coal in possession o f said R eceiv
Carey and Hart tract. 63, Jemmy Laing tract. 04. ers at the time o f the delivery of such parcel to be
Diamond tract. 65, Gettle and W agner lands. Oo, delivered as part of, and in connection with, the
Manhattan lands. 67. Catherine Groh tract. OS. parcel in respect o f which it shall have been ac
Hammer and Hoy tract. 69, Phoenix Park tract. 1 0, quired or received by said Receivers.
Hughes an 1 Lan-'ton tract. 71. Llewellyn lauds. 7
AS T H E TH IRD F A R C E L .
Salem tract. 73, Little Klauser tract. 74, Iieed tract.
The following securities and stocks pledged as
75. Hartman and Moyer tract. 70, Little Sc nail
security
for
said General Mortgage by certain Re
tract.. 77. Big Schall tract. 7*. Gunkel and Branham
tracts. 79. Farqubar lands. 80, Green lands. Hi. construction Trustees of the Philadelphia A Reading
Swatara lands. 82. Schuyikili and Dauphin Improve
Railroad Company:
^
ment and Railroad Company lands. 8c, low er
General mortgage bonds o f The Philadelphia A
Meconkev et al. lands. 84, FrancisSpatzer tract, bo.
One-eighth o f Joseph S. Silver tract. 8b. Henry Reading Railroad Company, secured by a mortgage
Houtz tract.
87, Alexander Klinger tract. 88. of said Railroad Company, dated July 1st, 18/4, to
Philip Kuntzleman tract. 8 », Forbes and Delano the Fidelity Insurance Trust A Safe Deposit Com
lands. 90. Leonard Illig tract. 91, Peter Levengood pany, trustee. $ 4.4--*7."00;
.
Income mortgage bonds o f The Philadelphia A
tract. 92, Munson and Williams lands. s»3, Ketier
tract. 94, Fishing Creek tract (nerth). 95. Fishing Reading Railroad Company, secured by a mortgage
Creek Creek tract (south). 96. Michael Seltzer tract. o f said railroa 1 company, dared December 1st, 18/b,
97. Schuylkill and Susquehanna lands. 98, Peter to Edwin M . Lewis, trustee. $8,493,810.
First series five per cent consolidated mortgage
Kessler tract.
bonds o f The Philadelphia A Reading Railroad Com'
COAL LE ASE3.
pany. secured by mortgage of said railroad company,
No. 99. Lease from the Preston Coal A Improve dated August 20ib, 18»2, to The Pennsylvania Com
ment Company. 100, Lease from the Delaware Coal pany for Insurances on Lives and Granting AnnuD
Company. lOl, Lease from the Mammoth Vein Coal ties, o f the City of Philadelphia, trustee, $181,600.
A iron Company. JO/, Lease from toe Tremont coal
Second series five per cent consolidated mortgage
Company. 103, Lease o f Green tract. 10 1. Lease bonds o f The Philadelphia A Reading Railroad Com'
o f Henry Miller and Sarah Moore tracts. lOo. pany, secured by said mortgage, dated August guth,
Lease o f Conrad Mertz tract. 108, Lease ot Heohurn 1882, $6,131,404.
tract. 1 '7, Lease o f one-fourth o f Bernard Hubley
II.
•
tract. 108, Lease of part o f Andrew Lytle tract.
(1) . $1,493,249 73 of the mortgage loans o f the
10 , Lease of one-eighth of the Alexander Klinger Schuylkill
Navigation
Company,
commonly
known as
tract. 110. Lease of one-half o f Kinnear. Meyer and
.
.
.
Spaetzer tracts. 111. Lease o f Nancy Kinnear tract. the loans of 18/2-18*7. ,
(2). $.-*.*49.828 67 of the mortgage loans of the
H 2. Lease of Flowery Field, Saw Mill and Ellmaker Schuylkill
Navigation Company, commonly known a
tracts and Lee lands. 113. Lease of W est Bear Ridge
the
loans
of
1882-1907.
a
.
...
Colliery. Ill, Lease of East Bear Ridge Colliery.
(3) . $1,062,000 00 of the loan of the Schuylki
115, Lease of Henry Clay Colliery. 116, Lease of
@FedFRASER